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

              Monday, August 3, 2020, Vol. 24, No. 215

                            Headlines

A. MANOS SERVICES: Seeks to Tap Canter & McDaniel as Accountant
AAC HOLDINGS: Court Cuts Chapter 11 Loan
ABQ POST ACUTE: August 3 Plan Confirmation Hearing Set
ADMIRAL PROPERTY: Involuntary Chapter 11 Case Summary
AHI INVESTMENTS: Plan to be Funded by Continued Business Operations

AME ZION: Voluntary Chapter 11 Case Summary
AMERIGRADE CORP: Has Until Nov. 2 to File Plan & Disclosures
AMERITUBE LLC: ATD Combustors Objects to Disclosure Statement
ARCHDIOCESE OF NEW ORLEANS: Herman, et al. Represent Plaintiffs
ARCHDIOCESE OF NEW ORLEANS: Shearman, et al. Represent Plaintiffs

ARCHDIOCESE OF SANTA FE: Hires Santa Fe Properties as Broker
ASCENA RETAIL: Wins Approval of First-Day Motions
ASP EMERALD: Moody's Raises CFR to B2, Outlook Stable
AURORA HOME: Unsecured Creditors to Have 5% Recovery Over 5 Years
BBRD LLC: Case Summary & 20 Largest Unsecured Creditors

BEAR CREEK: Seeks Approval to Hire Ken McCartney as Legal Counsel
BENNINGTON CORPORATION: Case Summary & 8 Unsecured Creditors
BEST FITNESS: Sues Massachusetts Governor for Covid Shutdowns
BEST VIEW: Seeks to Hire Angstman Johnson as Counsel
BILLINGS LODGE: Gets Court Approval to Hire Real Estate Broker

BORDEN DAIRY: Dispute on Union Contract Stalls Chapter 11 Sale
BOULDER CAB: Seeks Approval to Tap Cornerstone CPAs as Accountant
BOY SCOUTS: Blank Rome, Brown Rudnick Represent Coalition Members
BOYCE HYDRO: Case Summary & 20 Largest Unsecured Creditors
BRIGGS & STRATTON: Seeks Approval to Hire Deloitte as Auditor

BRIGGS & STRATTON: Seeks to Hire Foley & Lardner as Special Counsel
BRIGGS & STRATTON: Seeks to Hire Weil Gotshal as Legal Counsel
BRIGGS & STRATTON: Seeks to Tap Carmody MacDonald as Local Counsel
BRIGGS & STRATTON: Taps Ernst & Young as Financial Advisor
BRIGGS & STRATTON: Taps Kurtzman Carson as Claims Agent

BROADSTREET PARTNERS: Moody's Alters Outlook on B2 CFR to Neg.
BRONX CITY SERVICE: Seeks to Hire R.G. Quintero & Co. as Accountant
BULA WORLD: Comerica Objects to Plan & Disclosures
C.B. HONEYCUTT: Parker Poe Represents Pendleton Bowman, 2 Others
CALIFORNIA RESOURCES: Porter, Paul Represent Crossover Group

CHISHOLM OIL: Conflict Could Arise in Chapter 11 Case
CHISHOLM OIL: Creditors' Committee Members Disclose Claims
COVIA HOLDINGS: Seeks to Hire DLA Piper LLP (US) as Counsel
DAN'S MOBILE V: Plan of Reorganization Confirmed by Judge
DELUXE EXPRESS: Seeks to Hire David Freydin as Corporate Counsel

DELUXE EXPRESS: Seeks to Tap Gutnicki LLP as Bankruptcy Counsel
DENBURY RESOURCES: Case Summary & 30 Largest Unsecured Creditors
DIAMOND OFFSHORE: Gets Court OK for $14.5M Executive Bonuses
DIAMONDBACK INDUSTRIES: Unsecureds to Get Full Payment w/ Interest
DIOCESE OF SYRACUSE: Filing Will Ensure Just Treatment of Victims

DLR EXPRESS: Case Summary & 20 Largest Unsecured Creditors
DURAMEX INC: Seeks to Hire Groce Law as Accountant
E&D ENTERPRISES: Seeks Approval to Hire Villa & White as Counsel
EDGEMARC ENERGY: Joint Liquidating Plan Confirmed by Judge
EDUCATION MANAGEMENT: Sues Ex-Execs for Fraud

ELANCO ANIMAL: Fitch Affirms BB+ Issuer Default Rating, Outlook Neg
EXIDE TECHNOLOGIES: US Trustee Says Ch. 11 Exec. Bonus Too Easy
FATSPI & SON: U.S. Trustee Objects to Plan & Disclosures
FLEETWOOD ACQUISITION: Case Converted to Chapter 7 Liquidation
FORESIGHT ENERGY: Moody's Assigns B3 CFR, Outlook Positive

FORESIGHT ENERGY: Obtains Court Confirmation for Ch 11 Plan
FOX VALLEY PRO: Trade Claimants to Get 75% to 100% in Plan
FOXTROT SALON: Seeks to Hire Eric A. Liepins as Counsel
FRONTIER COMMUNICATIONS: SEC Objects to Plan & Disclosure
FRONTIER COMMUNICATIONS: Utilities Object to Disclosure Motion

GABRIEL INVESTMENT: Michelle Maloney Objects to Disclosures
GEAUX GRAMBLING: Seeks to Hire Sternberg Nacarri as Counsel
GEORGIA DIRECT: Hires Baumgartner Commercial as Real Estate Broker
GI DYNAMICS: CEO Will Get a $610K One-Time Cash Bonus
GI DYNAMICS: Inks Right to Shares & Waiver Deal with Crystal Amber

GLOBAL EAGLE: Hires Prime Clerk as Claims and Noticing Agent
GLOBAL EAGLE: Pachulski, Gibson Represent DIP, First Lien Lenders
GNC HOLDINGS: Harris Beach Represents Eastview Mall, 2 Others
GNC HOLDINGS: Hires Riveron Consulting as Accounting Advisor
GOURDOUGH'S HOLDINGS: Hires Hajjar Peters as Counsel

GROW CAPITAL: Will Effect 1-for-20 Reverse Stock Split
HANG PHARMACY: Case Summary & 20 Largest Unsecured Creditors
HAWAIIAN HOLDINGS: Incurs $106.9 Million Net Loss in 2nd Quarter
HC OLDCO: Has Committee-Backed Liquidating Plan
HEARTS AND HANDS: Credit Union Objects to Plan & Disclosures

HERITAGE COMMUNITY: Fitch Rates Series 2020A&B Bonds 'BB'
HERTZ CORP: Committee Taps Benesch as Delaware Counsel
HERTZ CORP: Committee Taps Berkeley as Financial Advisor
HERTZ CORP: Committee Taps UBS Securities as Investment Banker
HERTZ CORP: Creditors Panel Taps Kramer Levin as Counsel

HERTZ CORP: Hires Boston Consulting as Strategic Advisor
HERTZ CORP: Hires Ernst & Young as Tax Service Provider
HERTZ GLOBAL: Cancels Common Stock Sale While in Chapter 11
HERTZ GLOBAL: Jefferies Says It Could Sell Inventory to CarMax
HITZ RESTAURANT: Court Ruling Could Set Rent Relief for Others

HOLBROOK/SEARIGHT: Voluntary Chapter 11 Case Summary
HOLOGENIX INC: Hires Ellis LLP as Special Litigation Counsel
HORNBECK OFFSHORE: Joint Prepackaged Plan Confirmed by Judge
HOTEL CHARLES: Gets Approval to Hire DeCaro & Howell as Counsel
IM PAYROLL: Case Summary & Unsecured Creditor

INGLES MARKETS: Moody's Hikes CFR to Ba1, Outlook Stable
INSPIREMD INC: Selling $9.3 Million Worth of Common Stock
INTELSAT SA: Court Challenges Its $17M Exec Bonuses Request
INTERSTATE FIRE: Seeks to Hire R. J. Montgomery as Auctioneer
INTERSTATE FIRE: Seeks to Hire Steinberg Shapiro as Legal Counsel

INTERSTATE FIRE: Taps Rehmann Robson as Financial Consultant
INVERNESS TWO: Seeks Court Approval to Hire Mark Thomas Auctioneers
J.C. PENNEY: Ad Hoc Committee Taps Okin Adams as Counsel
J.C. PENNEY: Closes Additional 13 Stores
J.C. PENNEY: Closes Additional 13 Stores Permanently

J.C. PENNEY: Equity Committee Hires CR3 as Financial Advisor
JAGUAR DISTRIBUTION: Case Summary & 20 Largest Unsecured Creditors
JLK INDUSTRIES: Unsec. Creditors to Have 5% Recovery over 5 Years
JS KALAMA: Seeks to Hire Nellor Law as General Counsel
KARMA AUTOMOTIVE: Mulling Chapter 11 Bankruptcy

KEITH AND NELL: Voluntary Chapter 11 Case Summary
KLAUSNER LUMBER: Hires Duane Morris as Conflict Counsel
KM-T.E.H. REALTY 10: Files for Bankruptcy Protection
LAKELAND TOURS: Arnold & Porter Represents Equity Holders
LEA POWER: Fitch Affirms BB+ Rating on $200MM Sec. Notes Due 2033

LIBBEY GLASS: Unsecureds to Get Payment from Recovery Cash Pool
LSB INDUSTRIES: Incurs $365K Net Loss in Second Quarter
MARINA MILE: Seeks to Hire D&S Law Group as Legal Counsel
MARTIN CONSTRUCTION: Seeks to Hire Graham Brown as Accountant
MATRA PETROLEUM: Plan of Liquidation Confirmed by Judge

MCCLATCHY CO: Creditors to Sue Board, Investor on Chatham Debt
MEADE INSTRUMENTS: Seeks to Hire Ishino Esquer as Special Counsel
MECHANICAL TECHNOLOGIES: Seeks to Hire a Forensic Accountant
METAL PARTNERS: Seeks to Hire Independent Sales Monitor
MID-ATLANTIC SYSTEMS: Hires Cunningham Chernicoff as Counsel

MIDTOWN CAMPUS: Hires Bosch Group as Construction Consultant
MONTMARTRE INC: Seeks to Hire Vortman & Feinstein as Counsel
MOOD MEDIA: Case Summary & 30 Largest Unsecured Creditors
NEIMAN MARCUS: Court Says Creditors Wait for Alternative Ch.11 Plan
NEWS-GAZETTE: Unsecureds to Recover 60% to 81% in Liquidating Plan

NFP CORP: Moody’s Rates $1.25BB 8-Yr. Unsecured Notes 'Caa2'
NOBLE CORPORATION: Case Summary & 50 Largest Unsecured Creditors
NORTHEAST GAS: Owners Want to Tap $15M Ch.11 Loans
OLD TIME POTTERY: Committee Hires Tortola as Financial Advisor
ON MARINE: Asbestos Claimants Taps Legal Analysis as Consultant

OWENSBORO HEALTH: Fitch Affirms BB+ Issuer Default Rating
PARK AVENUE PIZZA: Seeks to Hire Bayco Management as Accountant
PARKING MANAGEMENT: JBG Sues to Recover $2.8M Parking Revenue
PATRIOT TRACTOR: Case Summary & 20 Largest Unsecured Creditors
PAYLESS SHOESOURCE: Sues Martha Stewart Living Omnimedia to Recover

PERFECTLY GREEN: Seeks to Hire DeMarco Mitchell as General Counsel
PERKINS & MARIE: Exits All 7 Milwaukee Locations
PG&E CORPORATION: Further Expands PwC's Scope of Work
PIER 1 IMPORTS: Sends Plan to Creditors for Voting
PIER 1 IMPORTS: U.S Trustee Still Has Issues With Amended Plan

PIER 1 IMPORTS: UST Says Bankruptcy Disclosures Violate Due Process
PITBULL REALTY: August 3 Plan Confirmation Hearing Set
PLAYERS NETWORK: Files Chapter 11 Reorganization
POP GOURMET: Seeks to Hire RSM US LLP as Accountant
PRESBYTERIAN RETIREMENT: Fitch Affirms BB Rating on Several Bonds

PROFESSIONAL DIVERSITY: Will Raise $2M Through Direct Offering
PUERTO RICO: PREPA Bondholders File 12th Modified Statement
PURDUE PHARMA LP: Asks Court to Block Sackler Claims by Chapter 11
PURDUE PHARMA: Caplin Updates on Governmental Entities Group
PURDUE PHARMA: McGrail & Bensinger 2nd Update on Hospitals Group

PURDUE PHARMA: Scottsdale Seeks Share of Bankruptcy Settlement
PURDUE PHARMA: Seeks to Hire Skadden Arps as Special Counsel
PYXUS INTERNATIONAL: Jamie Fell Represents Shareholders Group
QUORUM HEALTH: Investors Say Bad Faith Warrants Ch. 11 Plan Denial
RE PALM SPRINGS: Hires Cavazos Hendricks as Counsel

RE PALM SPRINGS: Hires Hodges Ward as Real Estate Broker
REGIONAL HEALTH: Interim CFO Quits from All Positions
RGN-COLUMBUS IV: Case Summary & 2 Unsecured Creditors
RHINO BARE: Case Summary & 7 Unsecured Creditors
RIDGELINE TECHNOLOGY: Seeks to Hire Voisenat Law Office as Counsel

ROCHESTER DRUG: Mead Square's Bid to Lift Automatic Stay Tossed
RPS VENTURES: Case Summary & 4 Unsecured Creditors
RWDY INC: Committee Hires Stewart Robbins as Counsel
SD-CHARLOTTE LLC: Unsecureds to Be Paid from Cure Claims
SETTLERS JERKY: Aug. 12 Plan Confirmation Hearing Set

SHADDEN LLC: Seeks to Hire Compass Colorado as Broker
SOAPTREE HOLDINGS: Aug. 10 Plan & Disclosure Hearing Set
SONADOR CAPITAL: Unsecureds to Get Paid from Property Sale
SPANISH BROADCASTING: Deregisters its Common Stock Due to Pandemic
STAGE STORES: Gets Court Approval for $1.7M Bonuses for Store Execs

STRATEGIC PARTNERS: Moody's Affirms B2 CFR, Outlook Stable
SUMMIT GAS: Case Summary & 20 Largest Unsecured Creditors
SUNNY HILLS: Seeks to Hire DirtBrokers, Inc. as Real Estate Broker
TECHNICOLOR SA: Files Chapter 15 Due to COVID-19 Pandemic
TEMPLAR ENERGY: Obtains $65M Bankruptcy Offer from Tapstone

TIARA TOWNHOMES: Hires Grobstein Teeple as Financial Advisors
TOTAL OILFIELD: Seeks to Hire T&C Bookkeeping as Accountant
TRAVELERS REST: Seeks to Hire POHL as Bankruptcy Counsel
TRB CARROLLTON: Twisted Root Locations in North Tex. in Chapter 11
TRUE RELIGION: Gets Go Signal from Court to Pay Executive Bonuses

TTM TECHNOLOGIES: Fitch Alters Outlook on BB LT IDR to Stable
TUESDAY MORNING: Liquidates Two St. Louis Stores
ULTRA PETROLEUM: Chamberlain, et al. Represent Jonah LLC, 9 Others
ULTRA PETROLEUM: McCarter & English Updates on Equity Group
UNITED RESOURCE: Cheryl Gilliam Objects to Plan & Disclosures

UNIVERSAL TOWERS: Seeks to Hire Burr & Forman as Counsel
UNIVERSAL TOWERS: Seeks to Hire Withumsmith+Brown as Accountant
UPGRADE LABS: Hires Grobstein Teeple as Financial Advisor
VERITY HEALTH: California Department Objects to Plan & Disclosures
VERITY HEALTH: Dept. of HHS Objects to Plan & Disclosures

VERITY HEALTH: Seeks to Tap ASK LLP as Special Counsel
VOSSEKUIL PROPERTIES: Hires Steinhilber Swanson as General Counsel
WELLS FARGO 2015-LC22: Fitch Cuts Rating on 2 Tranches to CCC
WESCO AIRCRAFT: Moody's Hikes CFR to Caa3, Outlook Still Negative
WESTERN GLOBAL: Moody's Assigns First Time B2 CFR, Outlook Stable

WFS ASSET: Seeks to Hire Mullin Hoard as Counsel
WHITING PETROLEUM: Kirkendall Represents Geophysical, Fairfield
WINDSTREAM HOLDINGS: Creditors Committee Objects to Plan
WINDSTREAM HOLDINGS: Crown Castle Objects to Joint Plan
WINDSTREAM HOLDINGS: Defends Exit Plan from Unsec. Bondholders

WINDSTREAM HOLDINGS: Trustees Say Plan Based on Wrong Assumptions
WPB HOSPITALITY: Unsecureds to be Paid from Subordination Agreement
ZIM CORPORATION: Incurs $9K Net Loss in Fiscal 2020
[*] 2020 Midyear Report on Bankruptcy Trends for Oil & Gas Industry
[*] 6 Pharmaceutical & Devicemaker Bankruptcies in 2020

[*] ABC as Alternative to Sec. 363 Sales for Distressed M&As
[*] Alston & Bird: Bankruptcy Tax Determinations
[*] Bankruptcy Courts Ease Commercial Tenants Rent Requirements
[*] Covid-19 Forces Seafood Restaurant Closures
[*] Experts Say Wave of Bankruptcies to Get Bigger

[*] Glamour's Store Closing List of 2020 (Updated July 22, 2020)
[*] Iron Mountain: Lawyers' COVID-19 Checklist on Tech Acquisitions
[*] New Opportunities Seen as Retailers Face Uncertain Economy
[*] Rising Bankruptcies in Louisiana’s Energy Industry
[*] Securing Forbearance/Payment During COVID-19 Pandemic

[*] Shale Companies Face Mass Bankruptcies, Business Losses
[^] BOND PRICING: For the Week from July 27 to 31, 2020

                            *********

A. MANOS SERVICES: Seeks to Tap Canter & McDaniel as Accountant
---------------------------------------------------------------
A. Manos Services, Inc. seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Canter &
McDaniel Certified Public Accountants.

Debtor requires the services of an accountant to prepare its tax
returns and to give advice on other tax and accounting related
matters.  The firm will be compensated at $250 an hour.

Canter & McDaniel neither holds nor represents any interest adverse
to Debtor and its bankruptcy estate in the matters upon which they
are to be engaged, according to court filings.

The firm can be reached through:
     
     Rich Canter, CPA
     Canter & McDaniel Certified Public Accountants
     2100 W Bay Dr.
     Largo, FL 33770
     Telephone: (727) 585-5599

                      About A. Manos Services

A. Manos Services, Inc. - is a small, family-owned and operated
roofing company serving the Hillsborough, Pinellas, Pasco and
Hernando counties. It specializes in roof leak repairs and roof
replacement services.  Visit http://www.amanosroofing.comfor more
information

A. Manos Services sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-09721) on Oct. 14,
2019.  At the time of the filing, the Debtor disclosed $1,377,003
in assets and $910,210 in liabilities.  Debtor tapped M. Vincent
Pazienza, Esq., at PazLaw as its legal counsel, and Canter &
McDaniel Certified Public Accountants as its accountant.


AAC HOLDINGS: Court Cuts Chapter 11 Loan
----------------------------------------
Law360 reports that the American Addiction Centers opened its
Delaware Chapter 11 case with a partial setback, when the assigned
judge rejected part of what the substance abuse treatment chain
acknowledged as an "expensive" bankruptcy financing loan.

U.S. Bankruptcy Judge John T. Dorsey turned down parent company AAC
Holdings Inc.'s plan to pay an upfront 6% "commitment" fee on a
$62.5 million debtor-in-possession loan from junior and senior
lenders who also are charging 18% interest, with 10% payable in
cash monthly and the balance added to the remaining debt.

                     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.


ABQ POST ACUTE: August 3 Plan Confirmation Hearing Set
------------------------------------------------------
On May 5, 2020, ABQ Post Acute, LLC filed with the U.S. Bankruptcy
Court for the District of New Mexico a Chapter 11 Plan and  Chapter
11 Disclosure Statement.

On June 19, 2020, Judge David T. Thuma approved the Disclosure
Statement and ordered that:

   * July 24, 2020, is fixed as the last day for filing and serving
objections to confirmation of the plan, and for mailing completed
ballots to the debtor’s attorney.

   * Aug. 3, 2020, at 9:00 a.m., is the final hearing to consider
confirmation of the plan in the Brazos Courtroom, 5th floor, Pete
V. Dominici United States Courthouse, 333 Lomas Blvd. NW,
Albuquerque, New Mexico 87102.

   * Aug. 3, 2020, is set as the deadline for filing complaints
objecting to discharge of the debtor.

A copy of the order dated June 19, 2020, is available at
https://tinyurl.com/yal6x6ba from PacerMonitor at no charge.

The Debtor is represented by:

          Dennis A. Banning
          New Mexico Financial Law
          Albuquerque, NM, 87102-3299
          Tel: (505) 503-1637

                    About ABQ Post Acute

ABQ Post Acute owns and operates a skilled nursing home facility in
Albuquerque, N.M.

ABQ Post Acute, LLC, filed a Chapter 11 petition (Bankr. D.N.M.
Case No. 19-11865) on Aug. 12, 2019.  In the petition signed by
Ryan Rasmussen, authorized member, the Debtor disclosed $4,108,423
in assets and $1,528,367 in liabilities.

The case is assigned to Judge David T. Thuma.

Don F. Harris, Esq. at NM Financial Law, P.C., represents the
Debtor.


ADMIRAL PROPERTY: Involuntary Chapter 11 Case Summary
-----------------------------------------------------
Alleged Debtor: Admiral Property Group, LLC
                6833 Shore Road
                Brooklyn, NY 11220

Business Description: Admiral Property Group is a Single Asset
                      Real Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).

Involuntary Chapter 11 Petition Date: July 31, 2020

Court: United States Bankruptcy Court
       Eastern District of New York

Case Number: 20-42826

Petitioners' Counsel: Joel Shafferman, Esq.
                      SHAFFERMAN & FELDMAN LLP
                      137 Fifth Avenue, 9th Floor
                      New York, New York 10010
                      Tel: 212-509-1802
                      Email: joel@shafeldlaw.com

Alleged creditors who signed the involuntary petition:

  Petitioners                  Nature of Claim      Claim Amount
  -----------                 -----------------     ------------
  Metro Mechanical LLC        Services Rendered         $790,339
  8815 Ditmas Avenue
  Brooklyn, New York 11236

  N&K Plumbing and            Services Rendered          $54,750
  Heating Corp.
  24-63 46th Street
  Astoria, New York 11103-1007

  Borowide Electrical         Services Rendered          $35,000
  Contractors
  35-07 20th Avenue
  Astoria, New York 11236

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

                       https://is.gd/1BC6q7


AHI INVESTMENTS: Plan to be Funded by Continued Business Operations
-------------------------------------------------------------------
AHI Investments, LLC, d/b/a Angel Learning Center, filed with the
U.S. Bankruptcy Court for the Southern District of Georgia,
Savannah Division, a Plan of Reorganization and a Disclosure
Statement dated June 25, 2020.

The Plan provides for an equitable distribution to Debtor's
creditors and preserves the Debtor's ongoing business operations.
The Debtor believes that any alternative to confirmation of the
Plan would result in significant delays and/or impaired
recoveries.

Upon confirmation, the Reorganized Debtor will retain all of the
property of the estate free and clear of liens, claims, and
encumbrances not expressly retain by Creditors. Following
confirmation, the Reorganized Debtor will continue to operate its
business.

Class 9 consists of the general unsecured creditors of the Debtor.
The unsecured creditors were originally estimated by Debtor to be
$179,033.22. There were a total of $130,786.55 unsecured claims
filed in this case. There will be no distribution to unsecured
creditors.

Class 10 consists of Equity Interests. The current interest holders
shall retain their interests in the Reorganized Debtor in exchange
for their contribution of funds for the payment of all professional
fees in this case.

The Debtor's Plan provides funding for the Plan from ongoing
business operations and contributions by the equity holders.

A full-text copy of the Disclosure Statement dated June 25, 2020,
is available at https://tinyurl.com/ydejd4q7 from PacerMonitor at
no charge.

Attorneys for the Debtor:

          Gai Lynn McCarthy
          Kumar, Prabhu, Patel & Banerjee, LLC
          990 Hammond Drive, Suite 800
          Atlanta, GA 30328
          Tel: (678) 678-2215
          Fax: (678) 443-2230
          E-mail: gmccarthy@kppblaw.com

                     About AHI Investments

AHI Investments, LLC, is a privately held company that offers child
day care services.  It is the fee simple owner of a property
located at 153 Carolina Cherry Court Pooler, Ga., valued by the
company at $3.45 million.

AHI Investments sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ga. Case No. 19-41075) on Aug. 5,
2019.  At the time of filing, the Debtor had $3,800,817 in assets
and $3,537,190 in debts.  The petition was signed by Laukik Patel,
manager.  Judge Edward J. Coleman III oversees the case.  The
Debtor is represented by Gai Lynn McCarthy, Esq., at Kumar Prabhu
Patel & Banerjee, LLC.


AME ZION: Voluntary Chapter 11 Case Summary
-------------------------------------------
Debtor: AME Zion Western Episcopal District
        980 9th Street, Suite 2120
        Sacramento, CA 95814

Business Description: AME Zion Western Episcopal District is a
                      non-profit California religious
                      organization.

Chapter 11 Petition Date: July 30, 2020

Court: United States Bankruptcy Court
       Eastern District of California

Case No.: 20-23726

Judge: Hon. Fredrick E. Clement

Debtor's Counsel: Gabriel E. Liberman, Esq.
                  LAW OFFICES OF GABRIEL LIBERMAN, APC
                  1545 River Park Drive., Ste 530
                  Sacramento, CA 95815
                  Tel: 916-485-1111
                  Email: attorney@4851111.com

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Lewis Clinton, chief operating officer.

The Debtor stated it has no unsecured creditors.

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

                       https://is.gd/OExG8r


AMERIGRADE CORP: Has Until Nov. 2 to File Plan & Disclosures
------------------------------------------------------------
On June 18, 2020, the U.S. Bankruptcy Court for the Central
District of California, San Fernando Valley Division, held a
chapter 11 status conference for Amerigrade Corp. On June 19, 2020,
Judge Victoria S. Kaufman ordered that:

  * Nov. 2, 2020, is fixed as the last day for the Debtor to file a
proposed chapter 11 plan and related disclosure statement.

  * Nov. 19, 2020 at 1:00 p.m. is the continued chapter 11 status
conference.

  * Nov. 5, 2020, is fixed as the last day for the Debtor or any
appointed chapter 11 trustee to file a status report, to be served
on the Debtor's 20 largest unsecured creditors, all secured
creditors, and the United States trustee.

A copy of the order dated June 19, 2020, is available at
https://tinyurl.com/y8j28g56 from PacerMonitor at no charge.

                    About Amerigrade Corp.

Amerigrade Corp., filed a Chapter 11 bankruptcy petition (Bankr.
C.D. Cal. Case No. 20-10543) on March 5, 2020, disclosing under $1
million in both assets and liabilities.  The Debtor is represented
by Matthew D. Resnik, Esq., of Resnik Hayes Moradi.


AMERITUBE LLC: ATD Combustors Objects to Disclosure Statement
-------------------------------------------------------------
ATD Combustors, LLC ("ATD") filed its objection to the Disclosure
Statement of Ameritube, LLC.

ATD objects to Section D of the Disclosure Statement and requests
that the Debtor be required to provide more historical background
and financial detail. The Debtor has provided minimal background
information, no historical financial information, no industry
information, and makes vague, conclusory statements without any
details or supporting information or explanation.

ATD further objects to Section E of the Disclosure Statement and
requests that the Debtor be required to provide more detail on its
operations, assets, liabilities, income, and expenses.

Moreover, ATD objects to Section H of the Disclosure Statement and
requests that the Debtor be required to show the estimated amount
of claims in each class and the details regarding payment of each
class including the estimated monthly payment.

ATD further objects to Section H(g) of the Disclosure Statement and
requests that the Debtor be required to provide the amount of
claims in the class, the amount of the quarterly payments to
unsecured creditors, and the estimated percentage to be paid to
unsecured creditors.

In addition, ATD objects to Section H(h) of the Disclosure
Statement and requests that the Debtor be required to disclose the
owners of AMGMT, LLC, explain the methodology and basis for the new
value contribution in the amount of $15,000.00, why this is in the
best interest of the creditors.

A full-text copy of ATD Combustors' objection to disclosure
statement dated June 23, 2020, is available at
https://tinyurl.com/y9qwqelw from PacerMonitor at no charge.

Attorney for ATD:

         HALEY & OLSON, P.C.
         Blake Rasner
         E-mail: brasner@haleyolson.com
         Shad Robinson
         E-mail: srobinson@haleyolson.com
         100 N. Ritchie Road, Suite 200
         Waco, Texas 76712
         Telephone: (254) 776-3336
         Fax: (254) 776-6823

                     About Ameritube LLC

Ameritube, LLC, is a manufacturer of alloys used in a variety of
processes in the oil and gas, HVAC, heat transfer, power, chemical,
marine and defense industries.  It is also a distributor of carbon
and stainless steel, seamless tubing, marine pipe, couplings,
fittings, and flanges used in the marine industry.

Ameritube sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Tex. Case No. 19-60863) on Nov. 17, 2019.  In the
petition signed by Khariton G. Ravitsky, president, the Debtor was
estimated to have assets and liabilities ranging from $1 million to
$10 million.  Judge Ronald B. King oversees the case.  The Debtor
is represented by Sarah M. Cox, Esq. at Spector & Cox, PLLC.

The Office of the U.S. Trustee on Jan. 27, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in Debtor's case.


ARCHDIOCESE OF NEW ORLEANS: Herman, et al. Represent Plaintiffs
---------------------------------------------------------------
In the Chapter 11 cases of The Roman Catholic Church of The
Archdiocese Of New Orleans, the law firms of Herman, Herman & Katz,
L.L.C., Shearman~Denenea, L.L.C., and Richard C. Trahant Attorney
At Law provided notice under Rule 2019 of the Federal Rules of
Bankruptcy Procedure, to disclose that they are representing the
Plaintiffs.

Set forth below is a general preliminary statement of the parties
represented by the undersigned counsel in these cases, subject to
further investigation and without waiver of any claims, remedies
and/or rights of such parties. This Rule 2019 Statement does not
constitute an exhaustive or complete statement of all claims,
interests, liens, agreements, rights and/or remedies. This Rule
Statement may be amended, supplemented or otherwise modified as
necessary.

The undersigned counsel has been retained to represent the
creditors listed below:

James Doe
c/o Soren E. Gisleson
Joseph E. "Jed" Cain
HERMAN, HERMAN & KATZ, LLC
820 O'Keefe Avenue
New Orleans, Louisiana 70113
Tel: 504-581-4892
Fax: 504-561-6024
Email: sgisleson@hhklawfirm.com
       jcain@hhklawfirm.com

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-01371 in Civil District
  Court, Parish of Orleans, State of Louisiana.

CJ Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2018-12393 in Civil District
  Court, Parish of Orleans, State of Louisiana.

JW Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-03947 in Civil District
  Court, Parish of Orleans, State of Louisiana.

AA Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-06200 in Civil District
  Court, Parish of Orleans, State of Louisiana.

BB Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-10149 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Linda Lee Stonebreaker

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-08551 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2018-10864 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Tom Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-08552 in Civil District
  Court, Parish of Orleans, State of Louisiana.

FF Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11587 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Lon Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11575 in Civil District
  Court, Parish of Orleans, State of Louisiana.

CC Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2020-02983 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Roe I

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2018-11369 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Roe II

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11169 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Roe III

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11171 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Roe IV

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11173 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Bob Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12224 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Raymond Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12233 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Ed Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12226 in Civil District
  Court, Parish of Orleans, State of Louisiana.

West Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12228 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Jeff Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12237 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Brad Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2020-3463 in Civil District
  Court, Parish of Orleans, State of Louisiana.

The foregoing have retained the undersigned counsel as their legal
counsel with respect to matters arising in the Bankruptcy Case and
for purposes of asserting claims and protecting other rights
against the Debtor.

Counsel for Plaintiff can be reached at:

          Soren E. Gisleson, Esq.
          Joseph E. "Jed" Cain, Esq.
          Herman, Herman & Katz, L.L.C.
          820 O'Keefe Avenue
          New Orleans, LA 70113
          Tel: 504-581-4892
          Fax: 504-561-6024
          Email: SGISLESON@hhklawfirm.com
                 JCAIN@hhklawfirm.com

          John H. Denenea, Jr., Esq.
          SHEARMAN~DENENEA, L.L.C.
          4240 Canal Street
          New Orleans, LA 70119
          Tel: (504) 304-4582
          Fax: (504) 304-4587
          Email: jdenenea@midcitylaw.com

             - and -

          RICHARD C. TRAHANT, Esq.
          ATTORNEY AT LAW
          2908 Hessmer Avenue
          Metairie, LA 70002
          Tel: (504) 780-9891
          Fax: (504) 780-9891
          Email: trahant@trahantlawoffice.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/9tlLrB

              About the Archdiocese of New Orleans

The Roman Catholic Church of the Archdiocese of New Orleans --
https://www.nolacatholic.org/ -- is a non-profit religious
corporation incorporated under the laws of the State of Louisiana.

Created as a diocese in 1793, and established as an archdiocese in
1850, the Archdiocese of New Orleans has educated hundreds of
thousands in its schools, provided religious services to its
churches and provided charitable assistance to individuals in need,
including those affected by hurricanes, floods, natural disasters,
war, civil unrest, plagues, epidemics, and illness.  Currently, the
archdiocese's geographic footprint occupies over 4,200 square miles
in southeast Louisiana and includes eight civil parishes --
Jefferson, Orleans, Plaquemines, St.  Bernard, St. Charles, St.
John the Baptist, St. Tammany, and Washington.

The Roman Catholic Church for the Archdiocese of New Orleans sought
Chapter 11 protection (Bankr. E.D. La. Case No. 20-10846) on May 1,
2020.  The archdiocese was estimated to have $100 million to $500
million in assets and liabilities as of the bankruptcy filing.

Judge Meredith S. Grabill oversees the case.

The archdiocese is represented by Jones Walker LLP.  Donlin, Recano
& Company, Inc. is the claims agent.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 20, 2020.  The committee is represented by
Pachulski Stang Ziehl & Jones, LLP and Locke Lord, LLP.


ARCHDIOCESE OF NEW ORLEANS: Shearman, et al. Represent Plaintiffs
-----------------------------------------------------------------
In the Chapter 11 cases of The Roman Catholic Church of The
Archdiocese Of New Orleans, the law firms of Shearman~Denenea,
L.L.C., Richard C. Trahant Attorney At Law, and Herman, Herman &
Katz, L.L.C. provided notice under Rule 2019 of the Federal Rules
of Bankruptcy Procedure, to disclose that they are representing the
Plaintiffs.

Set forth below is a general preliminary statement of the parties
represented by the undersigned counsel in these cases, subject to
further investigation and without waiver of any claims, remedies
and/or rights of such parties. This Rule 2019 Statement does not
constitute an exhaustive or complete statement of all claims,
interests, liens, agreements, rights and/or remedies. This Rule
Statement may be amended, supplemented or otherwise modified as
necessary.

The undersigned counsel has been retained to represent the
creditors listed below:

James Doe
c/o JOHN H. DENENEA, JR. SHERMAN-DENENEA, LLC
424 Canal Street
New Orleans, Louisiana 70119
Tel: 504-304-4582
Fax: 504-304-4587
Email: jdenenea@midcitylaw.com

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-01371 in Civil District
  Court, Parish of Orleans, State of Louisiana.

CJ Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2018-12393 in Civil District
  Court, Parish of Orleans, State of Louisiana.

JW Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-03947 in Civil District
  Court, Parish of Orleans, State of Louisiana.

AA Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-06200 in Civil District
  Court, Parish of Orleans, State of Louisiana.

BB Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-10149 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Linda Lee Stonebreaker

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-08551 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2018-10864 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Tom Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-08552 in Civil District
  Court, Parish of Orleans, State of Louisiana.

FF Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11587 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Lon Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11575 in Civil District
  Court, Parish of Orleans, State of Louisiana.

CC Doe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2020-02983 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Roe I

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2018-11369 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Roe II

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11169 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Roe III

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11171 in Civil District
  Court, Parish of Orleans, State of Louisiana.

John Roe IV

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-11173 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Bob Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12224 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Raymond Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12233 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Ed Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12226 in Civil District
  Court, Parish of Orleans, State of Louisiana.

West Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12228 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Jeff Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2019-12237 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Brad Roe

* The creditor asserts claims and causes of action against the
  Debtor as set forth in Case No. 2020-3463 in Civil District
  Court, Parish of Orleans, State of Louisiana.

Counsel for Plaintiff can be reached at:

          John H. Denenea, Jr., Esq.
          SHEARMAN~DENENEA, L.L.C.
          4240 Canal Street
          New Orleans, LA 70119
          Tel: (504) 304-4582
          Fax: (504) 304-4587
          Email: jdenenea@midcitylaw.com

          RICHARD C. TRAHANT, Esq.
          ATTORNEY AT LAW
          2908 Hessmer Avenue
          Metairie, LA 70002
          Tel: (504) 780-9891
          Fax: (504) 780-9891
          Email: trahant@trahantlawoffice.com

             - and -

          Soren E. Gisleson, Esq.
          Joseph E. "Jed" Cain, Esq.
          Herman, Herman & Katz, L.L.C.
          820 O'Keefe Avenue
          New Orleans, LA 70113
          Tel: 504-581-4892
          Fax: 504-561-6024
          Email: SGISLESON@hhklawfirm.com
                 JCAIN@hhklawfirm.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/DoYcT0

                 About the Archdiocese of New Orleans

The Roman Catholic Church of the Archdiocese of New Orleans --
https://www.nolacatholic.org/ -- is a non-profit religious
corporation incorporated under the laws of the State of Louisiana.

Created as a diocese in 1793, and established as an archdiocese in
1850, the Archdiocese of New Orleans has educated hundreds of
thousands in its schools, provided religious services to its
churches and provided charitable assistance to individuals in need,
including those affected by hurricanes, floods, natural disasters,
war, civil unrest, plagues, epidemics, and illness.  Currently, the
archdiocese's geographic footprint occupies over 4,200 square miles
in southeast Louisiana and includes eight civil parishes --
Jefferson, Orleans, Plaquemines, St.  Bernard, St. Charles, St.
John the Baptist, St. Tammany, and Washington.

The Roman Catholic Church for the Archdiocese of New Orleans sought
Chapter 11 protection (Bankr. E.D. La. Case No. 20-10846) on May 1,
2020.  The archdiocese was estimated to have $100 million to $500
million in assets and liabilities as of the bankruptcy filing.

Judge Meredith S. Grabill oversees the case.

The archdiocese is represented by Jones Walker LLP.  Donlin, Recano
& Company, Inc. is the claims agent.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 20, 2020.  The committee is represented by
Pachulski Stang Ziehl & Jones, LLP and Locke Lord, LLP.


ARCHDIOCESE OF SANTA FE: Hires Santa Fe Properties as Broker
------------------------------------------------------------
Roman Catholic Church of the Archdiocese of Santa Fe seeks
authority from the U.S. Bankruptcy Court for the District of New
Mexico to employ Santa Fe Properties, as broker to the Debtor.

Archdiocese of Santa Fe requires Santa Fe Properties to market and
sell the Debtor's real property located at 275 E. Alameda St.,
Santa Fe, New Mexico.

Santa Fe Properties will be paid based upon its normal and usual
hourly billing rates. The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Philip Gudwin, a member of Santa Fe Properties, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Santa Fe Properties can be reached at:

     Philip Gudwin
     SANTA FE PROPERTIES
     1000 Paseo de Peralta
     Santa Fe, NM 87501
     Tel: (505) 982-4466

              About Roman Catholic Church of
                the Archdiocese of Santa Fe

The Roman Catholic Church of the Archdiocese of Santa Fe is an
ecclesiastical territory or diocese of the southwestern region of
the United States in the state of New Mexico. At present, the
Archdiocese of Santa Fe covers an area of 61,142 square miles.
There are 93 parish seats and 226 active missions throughout this
area. For more information, visit https://www.archdiosf.org/. The
Archdiocese of Santa Fe sought Chapter 11 protection (Bankr. D.
N.M. Case No. 18-13027) on Dec. 3, 2018, to deal with child abuse
claims. It reported total assets of $49,184,579 and total
liabilities of $3,700,000 as of the bankruptcy filing.

Judge David T. Thuma oversees the case.

The archdiocese tapped Elsaesser Anderson, Chtd. and Walker &
Associates, P.C., as bankruptcy counsel; Stelzner, Winter,
Warburton, Flores, Sanchez & Dawes, P.A as special counsel; and
REDW, LLC as accountant.


ASCENA RETAIL: Wins Approval of First-Day Motions
-------------------------------------------------
Ascena retail group, inc. announced that, on July 23, 2020, it
received approvals from the United States Bankruptcy Court for the
Eastern District of Virginia for its "First Day" motions related to
the Company's voluntary Chapter 11 petitions.

Among other approvals, the Court granted ascena approval for the
Company to access and use its more than $430 million in cash
collateral. In addition, the Court has authorized the Company 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.

The Court also approved procedures for store closing sales,
including all Catherines stores, a significant number of Justice
stores and a select number of Ann Taylor, LOFT, Lane Bryant and Lou
& Grey stores. 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.

Gary Muto, Chief Executive Officer of ascena stated, “We are
pleased to have received prompt approval of these First Day
motions, which will enable us to continue providing our associates
with wages and benefits, maintain our outstanding relationship with
our vendor community and serve our customers across our brand
portfolio with fashion, inspiration and meaningful experiences
every day. We are appreciative of the strong support from our
lenders to help mark a new start for our company. By entering into
a comprehensive plan to deleverage our balance sheet, right-size
our operations and inject new capital into the business, we will be
better positioned to deliver profitable growth of our iconic brands
and drive value for all of our stakeholders.”  

As previously announced, ascena 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.

The Company will seek authorization at its second day hearing to
access the $150 million in a new money term loan from the
Company’s existing lenders. 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.

                  About Ascena Retail Group

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.

On July 23, 2020, Ascena Retail Group, Inc., and its affiliates
sought Chapter 11 protection (Bankr. E.D. Va. Case No. 20-33113).

As of Feb. 1, 2020, Ascena Retail had $13,690,710,379 in assets and
$12,516,261,149 in total liabilities.

The Hon. Kevin R. Huennekens is the case judge.

The Debtors tapped KIRKLAND & ELLIS LLP and COOLEY LLP as general
bankruptcy counsel, and GUGGENHEIM SECURITIES, LLC, as financial
advisor; and ALVAREZ AND MARSAL NORTH AMERICA, LLC, as
restructuring advisor.  PRIME CLERK LLC is the claims agent.


ASP EMERALD: Moody's Raises CFR to B2, Outlook Stable
-----------------------------------------------------
Moody's Investors Service upgraded ASP Emerald Holdings, LLC's
Corporate Family Rating to B2 from B3 and Probability of Default
Rating to B2-PD from B3-PD. Moody's also assigned a B2 rating to
Emerald Performance Materials, LLC's first lien term loan and
senior secured revolving credit facility. The B2 rating on the
existing revolving credit facility and Caa2 rating on the second
lien term loan is expected to be withdrawn subject to the
transaction closing as proposed. The outlook is stable.

"The upgrade reflects the improved capital structure, in which
absolute debt levels have declined significantly as a result of
proceeds from the CTS sale and the $100 million equity contribution
from American Securities. The refinancing of the secured credit
facilities also eliminates risk associated with the upcoming
maturities," said Domenick R. Fumai, Vice President and lead
analyst for ASP Emerald Holdings, LLC.

Upgrades:

Issuer: ASP Emerald Holdings, LLC

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

Corporate Family Rating, Upgraded to B2 from B3

Assignments:

Issuer: Emerald Performance Materials, LLC

Senior Secured 1st Lien Revolving Credit Facility, Assigned B2
(LGD3)

Senior Secured 1st Lien Term Loan, Assigned B2 (LGD3)

Outlook Actions:

Issuer: ASP Emerald Holdings, LLC

Outlook, Remains Stable

Issuer: Emerald Performance Materials, LLC

Outlook, Remains Stable

RATINGS RATIONALE

The upgrade to the B2 CFR is supported by Emerald's revised capital
structure and lower balance sheet debt, reduced financial leverage
metrics and improved interest coverage. Emerald reduced over $200
million of debt with the proceeds from the sale of its CVS
Thermoset Specialties business to Huntsman Corporation (Baa3
stable) for $300 million. The company is now refinancing the
capital structure with a new $425 million first lien term loan and
$100 million additional equity investment by its sponsor, American
Securities, in the form of perpetual convertible preferred equity
to two parent holding companies.

In turn, Emerald will receive $100 million from the parent holding
companies in exchange for common equity that will be used along
with the first lien proceeds, borrowing from the new revolving
credit facility and some balance sheet cash towards refinancing the
existing debt and paying fees and expenses. The combination of
lower debt and interest expense should enable the company to
increase free cash flow generation.

Emerald's credit profile further reflects its specialty chemical
portfolio that serves a diverse number of end markets and enjoys
significant exposure to less cyclical food, beverage, flavors and
fragrances and personal care products. The credit profile also
incorporates Emerald's meaningful market positions in many of its
niche market segments and benefits from vertical integration.
Moody's expects adjusted Debt/EBITDA to decline from 6.4x as March
31, 2020, towards 5.0x in FY 2020.

Emerald's B2 CFR is constrained by its modest size, with pro forma
sales of approximately $480 million for the last twelve months
ending March 31, 2020. Emerald also has a relatively small asset
base with net PP&E of roughly $311 million as of March 31, 2020.
Although Emerald Kalama Chemicals' EBITDA margins are consistently
in the 20% range and its existing business more resilient than CTS,
the company also has exposure to end markets that are more cyclical
such as rubber, automotive, sealants, coatings, oil and gas and
mining. The divestiture of the CTS business, which enjoyed
approximately 30% margins, limits Emerald's upside growth potential
given the mature nature of many of its remaining end markets and
reduces business diversity.

Emerald's liquidity is good supported by its $75 million senior
secured revolver, which had $50 million drawn as a result of
precaution as the coronavirus pandemic escalated in March and $33
million in cash at the end of the first quarter. Pro forma for the
proposed refinancing, the company expects to have roughly $50
million of revolver availability with sufficient cash balances and
expectations for positive free cash flow.

Emerald's current debt capital consists of the existing $379
million outstanding first lien term loan rated B2 and the $167
million outstanding second lien term loan. The Caa2 rating on the
second lien reflects the preponderance of first lien debt that
ranks ahead in terms of priority. Moody's expects to withdraw the
ratings on the second lien term loan once the transaction is
completed. The B2 ratings assigned to the proposed $425 million
first lien term loan and $75 million first lien revolving credit
facility are in line with the B2 CFR, reflecting the existence of
only first lien debt in the capital structure following the
repayment of the second lien term loan.

The stable outlook assumes that financial performance and credit
metrics remain appropriate for the B2 rating, including maintaining
adjusted leverage between 4.5x to 5.0x and that the company
generates sustained positive free cash flow in 2021.

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

Although not likely over the next 12 months, Moody's would consider
upgrading the ratings if the company achieves sustained adjusted
financial leverage below 4.5x (Debt/EBITDA) and Retained Cash
Flow-to-Debt (RCF/Debt) sustained above 15%. An upgrade would also
require the company to increase scale and business diversity
through organic growth.

Moody's would likely downgrade the ratings if adjusted leverage
increases above 5.5x for a prolonged period, or free cash flow
falls below $20 million in 2021. Ratings could also be downgraded
if there is a significant increase in gross debt as a result of an
acquisition or sizable cash dividend to the sponsor, indicating a
return to a more aggressive financial policy.

Despite the high dividend on the preferred stock, Moody's doesn't
view the perpetual convertible preferred equity as debt because it
is being held by the sponsor, there is no cash dividend provision
and expectations that the convertible perpetual preferred equity
will not be redeemed prior to the first lien term loan B. However,
if the preferred stock is redeemed with cash from the borrower in a
subsequent financing or dividend to the parent holding companies
prior to a material reduction in the outstanding term loan debt, it
could result in a negative outlook or rating downgrade.

ESG CONSIDERATIONS

Moody's also considers environmental, social and governance risks
in Emerald's rating. Governance risks are elevated due to private
equity ownership by American Securities, which includes a board of
directors with majority representation by members affiliated with
the sponsor, and reduced financial disclosure requirements as a
private company. American Securities has already extracted over
$190 million in dividends since acquiring Emerald in 2016; however,
the recent equity investment signals a more conservative financial
policy than in the past. As a specialty chemical company, Moody's
characterizes environmental risk as moderate; Emerald has a modest
number of accruals for environmental liabilities.

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

Emerald Performance Materials, LLC, headquartered in Vancouver,
Washington, is a producer of specialty chemicals used in a wide
range of food, personal care and industrial applications.

Emerald Kalama Chemical (EKC) operates in three business segments:


1) Consumer Specialties, 2) Industrial Specialties and 3)
Antioxidants and Accelerators. The company was acquired in late
2014 by private equity firm American Securities from prior private
equity owner Sun Capital Partners Inc. for $300 million. Following
the sale of the CVC Thermoset division, Emerald generated pro forma
sales of about $480 million for the last twelve months ended March
31, 2020.


AURORA HOME: Unsecured Creditors to Have 5% Recovery Over 5 Years
-----------------------------------------------------------------
Aurora Home Care, Inc. (AHC) filed with the U.S. Bankruptcy Court
for the Western District of New York a Disclosure Statement
describing Plan of Reorganization dated June 23, 2020.

At the time of filing, the Debtor's assets consisted of
approximately $32,000 in cash, $7,000 in security deposit, $241,000
in accounts receivable, a patient list and office assets of
approximately $7,000 in value.

The Debtor's insider is its only shareholder. Michael Reda is the
Debtor's President and owns 100% of the Debtor's stock. For the
years 2017, 2018, and 2019, Mr. Reda's compensation in the form of
salary from the Debtor was $30,500 per annum. Mr. Reda had not
received any dividend income from the Debtor.

Class 4 Non-Priority Claims totaling $l,114,056 are impaired.  In
complete satisfaction, discharge and release of the Class 4 Claims,
the Debtor will distribute to the Class 4 claimants, a pro-rata
share of $930 per month of the allowed Class 4 Claims, payable over
5 years, without interest, in 60 monthly installments commencing on
the first month following the Effective Date of the Plan.  The
Debtor shall pay the pro-rata share of the $930 monthly payment of
the Allowed Amounts of the holder of the Class 4 Claims on 15thday
of each month following the Effective Date of the Plan.  Based on
current claims, holders of said claims will receive approximately
5% of their claims.

The Debtor reserves its right to object to the claims of unsecured
creditors. To the extent any claims are disallowed, the surviving
claims will receive a greater pro rata share of the $930 monthly
payment.

Class 5 is unimpaired. On the Effective Date, all legal, equitable
and contractual rights and interests of the holder of Class 5
Interests will be reinstated.

Payments and distributions under the Plan will be funded by the
profits from business operation.

A full-text copy of the Disclosure Statement dated June 23, 2020,
is available at https://tinyurl.com/ya8fbfar from PacerMonitor at
no charge.

Attorneys for Debtor:

        COLLIGAN LAW, LLP
        Frederick J. Gawronski, Esq.
        12 Fountain Plaza, Suite 600
        Buffalo, New York 14202
        Tel: (716) 885-1150
        E-mail: fgawronski@colliganlaw.com

                    About Aurora Home Care

Aurora Home Care, Inc. is a licensed home care services agency
specializing in the provision of excellent private duty nursing
services.

Aurora Home Care, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 19-12012 ) on Sept. 27,
2019.  At the time of the filing, the Debtor had estimated assets
of between $100,001 and $500,000 and liabilities of between
$500,001 and $1 million.  The case is assigned to Judge Carl L.
Bucki.  The Debtor is represented by Frederick J. Gawronski, Esq.,
at Colligan Law, LLP.


BBRD LLC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: BBRD, LLC
          DBA Twisted Root Burger Lubboc
        116 West Loop 289, Ste. 200
        Lubbock, TX 79416  

Case No.: 20-32079

Business Description: BBRD, LLC owns and operates a hamburger
                      restaurant.

Chapter 11 Petition Date: July 31, 2020

Court: United States Bankruptcy Court
       Northern District of Texas

Debtor's Counsel: John P. Henry, Esq.
                  HENRY & REGEL, PLLC
                  2100 Ross Ave.
                  Suite 800
                  Dallas, TX 75201
                  Tel: 972-299-8445
                  E-mail: John@henryregel.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Jason Boso, president and manager.

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

                  https://is.gd/2L8tOW


BEAR CREEK: Seeks Approval to Hire Ken McCartney as Legal Counsel
-----------------------------------------------------------------
Bear Creek Trail, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Wyoming to employ The Law Offices of Ken
McCartney, P.C. as its legal counsel.

The firm render services routinely required of Debtor's Chapter 11
estate in the bankruptcy court.

Ken McCartney, Esq., will be paid at the rate of $365 per hour. He
does not normally bill for staff although for particularly
labor-intensive activities, he does charge $95 per hour for
paralegal staff.

Mr. McCartney has no adverse connections with the bankruptcy estate
and has no connections with creditors or any other
party-in-interest, according to court filings.

The attorney can be reached at:
     
     Ken McCartney, Esq.
     The Law Offices of Ken McCartney, P.C.
     Post Office Box 1364
     Cheyenne, WY 82003
     Telephone: (307) 635-0555
     Email: bnkrpcyrep@aol.com

                      About Bear Creek Trail

Bear Creek Trail, LLC is a Cheyenne, Wyo.-based company whose
primary asset is a vessel located on the east cost of the United
States.

Bear Creek Trail sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Wyo. Case No. 20-20348) on July 20,
2020.  At the time of the filing, Debtor disclosed total assets of
$615,000 and total liabilities of $1,719,947. Ken McCartney, Esq.,
at The Law Offices of Ken McCartney, P.C., is Debtor's legal
counsel.


BENNINGTON CORPORATION: Case Summary & 8 Unsecured Creditors
------------------------------------------------------------
Debtor: The Bennington Corporation
        4559 & 4569 Benning Road, SE &
        4480 C Street, SE
        Washington, DC 20019

Business Description: The Bennington Corporation is primarily
                      engaged in renting and leasing real estate
                      properties.

Chapter 11 Petition Date: July 30, 2020

Court: United States Bankruptcy Court
       District of Columbia

Case No.: 20-00321

Judge: Hon. Martin S. Teel, Jr.

Debtor's Counsel: Wendell W. Webster, Esq.
                  WEBSTER & FREDRICKSON, PLLC
                  1775 K Street, NW Suite 290
                  Tel: (202) 659-8510
                  Email: wwebster@websterfredrickson.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mehrdad Valibeigi, president.

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

                      https://is.gd/4HBgZn

A copy of the Debtor's list of eight unsecured creditors is
available for free at PacerMonitor.com at:

                      https://is.gd/IS5z0C


BEST FITNESS: Sues Massachusetts Governor for Covid Shutdowns
-------------------------------------------------------------
Brian Dowling, writing for Law360, reports that Massachusetts gyms
chain Best Fitness, is suing Gov. Charlie Baker in federal court
for delaying their reopening until the third phase of the state's
plan, saying the "unconstitutional" closure orders could force them
into bankruptcy.

The group of Best Fitness locations in Chelmsford, Lowell,
Springfield and Danvers told a federal court in Boston on Thursday
that the state-ordered closures have "drained" their property of
all value since they cannot take in membership fees during the
shutdown but still need to make rent payments to their landlords.

As a result, the gyms say the continued shutdown "will require them
to either close their facilities permanently or seek protection
under federal bankruptcy law."

Governor Baker was also hit with a second lawsuit, as Massachusetts
resident Vincent Delaney attacked the governor's legal
justification for invoking the robust Civil Defense Act, while also
claiming face mask mandates and church attendance limitations
violate his constitutional rights.

"Every person has the right to breath unabated and unencumbered by
masks," said Delaney, who appears to have crowdfunded about $19,000
to pay for the suit.

Legal challenges to Governor Baker's shutdown orders have had mixed
results so far.  A case attempting to overturn his closure of
recreational pot shops was scuttled when a state judge found the
governor had a sufficient rational basis for deeming them
nonessential.

But a suit brought by gun shops and a group of residents
challenging Baker's decision to keep firearm retailers closed
resulted in a court ruling allowing them to reopen early. In that
case, a federal judge found the open-ended closure violated the
Second Amendment.

In the latest suit, the gyms say their decision to lay off their
310 staff and personal trainers wasn't enough to keep the business
afloat while they and their competitors wait out the pandemic. The
five Best Fitness locations say they are behind $145,000 in rent
payments.

The lawsuit claims the closures amount to an unconstitutional
"taking" or seizure "of private property, for public purpose,
without providing just compensation."

Delaney's lawsuit, meanwhile, argues Baker's decision to invoke the
Civil Defense Act — passed in the run-up to the Cold War — is
faulty since a public health crisis like a pandemic isn't included
in the statute's justifications.

"The COVID-19 public health matter is not even remotely an event,
standing alone, that was contemplated by the legislature when the
act was enacted in the backdrop of the former USSR's atomic bomb
detonation in 1949 and at the commencement of the Korean conflict,"
Delaney said.

The lawsuit and accompanying request for an injunction say Baker's
face mask requirements and occupancy limits for churches are
stricter than the limitations on private businesses and
"discriminate between corporal needs that he deems 'essential' and
spiritual needs, which he alone deems unessential."

Baker's office declined to comment on the lawsuits.

The gyms are represented by Richard P. McClure.

Delaney is represented by Thomas O. Mason.

Counsel information for Baker was not immediately available
Friday.

The cases are World Gym Inc. et al. v. Baker, case number
1:20-cv-11162, and Delaney v. Baker, case number 1:20-cv-11154, in
the U.S. District Court for the District of Massachusetts.

                      About Best Fitness

Best Fitness is a company that engages and provides top-level
health and fitness services from all aspects including education,
nutrition, equipment, classes, programs and much more.



BEST VIEW: Seeks to Hire Angstman Johnson as Counsel
----------------------------------------------------
Best View Construction & Development, LLC, seeks authority from the
U.S. Bankruptcy Court for the District of Idaho to employ Angstman
Johnson, as counsel to the Debtor.

Best View requires Angstman Johnson to:

   a. assist in the preparation and filing of a petition,
      Schedules, Statement of Financial Affairs, and other
      related forms;

   b. atten at all meetings of creditors, hearings, pretrial
      conferences, and trials in the case or any litigation
      arising in connection with the case, whether in state or
      federal court;

   c. assist in the preparation, filing, and presentation to the
      Bankruptcy Court of any pleadings requesting relief;

   d. assist in the preparation, filing, and presentation to the
      court of a disclosure statement and plan of arrangement
      under Chapter 11 of the Bankruptcy Code;

   e. review of claims made by creditors or interested parties,
      preparation, and prosecution of any objections to claims as
      appropriate;

   f. assist in the preparation and presentation of a final
      accounting and motion for final decree closing the
      bankruptcy case; and

   g. perform all other legal services for the Debtor that may
      be necessary herein.

Angstman Johnson will be paid at these hourly rates:

        Attorneys             $195 to $350
        Paralegals             $60 to $130

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

Matthew T. Christensen, a partner of Angstman Johnson, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Angstman Johnson can be reached at:

     Matthew T. Christensen, Esq.
     ANGSTMAN JOHNSON
     199 N. Capitol Blvd, Ste 200
     Boise, ID 83702
     Tel: (208) 384-8588
     E-mail: info@angstman.com

               About Best View Construction

Best View Construction & Development, LLC --
http://bestviewidaho.com/-- is a licensed and fully insured real
estate construction company specializing in modern and post modern
themed developments.

Best View Construction & Development, LLC, based in Nampa, ID,
filed a Chapter 11 petition (Bankr. D. Idaho Case No. 20-00674) on
July 22, 2020.  The Hon. Joseph M. Meier presides over the case.
In the petition signed by Gaven J. King, owner/manager, the Debtor
disclosed $1,513,330 in assets and $2,819,123 in liabilities.
ANGSTMAN JOHNSON, serves as bankruptcy counsel.


BILLINGS LODGE: Gets Court Approval to Hire Real Estate Broker
--------------------------------------------------------------
Billings Lodge No. 394, Benevolent and Protective Order of Elks of
United States of America, Inc. received approval from the U.S.
Bankruptcy Court for the District of Montana to employ David
Goodridge, a real estate broker at Real Estate by Hamwey.

Debtor requires the services of a real estate broker to assist in
the marketing and sale of its real property located at 934 Lewis
Ave., Billings, Mont.

Mr. Goodridge will receive a 6 percent commission if the buyer is
represented by a realtor, to be split with the buyer's agent
pursuant to Montana law, and 5 percent commission if he procures
the buyer.

Mr. Goodridge disclosed in court filings that he is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The professional can be reached at:
   
     David Goodridge
     Real Estate by Hamwey
     1010 Grand Ave.
     Billings, MT 59102
     Telephone: (406) 591-1605
     Email: dave@billingscommercialrealestate.com
                           
                   About Billings Lodge No. 394

Billings Lodge, No. 394, Benevolent and Protective Order of Elks of
United States of America, Inc. is a tax-exempt civic and social
organization. Elk Lodge is a Billings, Montana-based fraternal
organization that hosts various civic events and social gatherings
like wedding receptions, meetings, and other functions.

Billings Lodge filed a voluntary Chapter 11 bankruptcy petition
(Bankr. D. Mon. Case No. 20-10110) on June 5, 2020. The petition
was signed by Jeffery R. Isom, exalted ruler. At the time of the
filing, Debtor disclosed assets of between $1 million and $10
million and liabilities of the same range.

Debtor has tapped Felt Martin PC as counsel; Heidi Giem of
Paigeville Accounting, LLC as accountant; and David Goodridge with
Real Estate by Hamwey as its real estate broker.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on July 23, 2020.


BORDEN DAIRY: Dispute on Union Contract Stalls Chapter 11 Sale
--------------------------------------------------------------
Law360 reports that the Chapter 11 sale of assets of Borden Dairy
Co. valued at more than $300 million was stalled out during a
hearing June 23, 2020, when a Delaware bankruptcy judge said he
couldn't rule on a dispute among the proposed buyer and five
Teamsters unions.

During the hearing conducted via phone and video conferencing, U.
S. Bankruptcy Judge Christopher S. Sontchi said he was not prepared
to make a decision on whether the buyer could assume five
collective bargaining agreements that exist between Borden and the
Teamsters without the terms of the covered workers' future
employment being decided.

                    About Borden Dairy Co.

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

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

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

Judge Christopher S. Sontchi oversees the case.

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

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



BOULDER CAB: Seeks Approval to Tap Cornerstone CPAs as Accountant
-----------------------------------------------------------------
Boulder Cab Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Nevada to employ Cornerstone CPAs LLC as its
accountant.

Debtor requires the services of an accountant to assist with
financial matters related to its reorganization efforts and to
prepare its 2019 tax returns.  

The services will be provided mainly by Samuel Miles, a partner at
Cornerstone, who will be paid at the hourly rate of $350.  The
hourly rates for staff and other professionals range from $125 to
$200.

Mr. Miles disclosed in court filings that the firm is a
"disinterested person" within the meaning of Bankruptcy Code
Section 101(14).

The firm can be reached through:
   
     Samuel Miles
     Cornerstone CPAs LLC
     9030 W. Cheyenne Avenue Suite 210
     Las Vegas NV 89129
     Telephone: (702) 829-1100
     Facsimile: (702) 975-1141
     
                         About Boulder Cab

Boulder Cab, Inc. is a taxi company that offers airport
transportation throughout the Las Vegas and Henderson areas.  Visit
http://www.deluxetaxicabservice.comfor more information.  

Boulder Cab sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 20-13069) on June 25, 2020.  The
petition was signed by Boulder Cab President Richard Flaven.  At
the time of the filing, Debtor disclosed assets of $500,000 to $1
million and liabilities of $1 million to $10 million.

Debtor has tapped Carlyon Cica Chtd. as bankruptcy counsel, and
Kamer Zucker Abbott and Winner Law Ltd. as special counsel.


BOY SCOUTS: Blank Rome, Brown Rudnick Represent Coalition Members
-----------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Brown Rudnick LLP and Blank Rome LLP submitted a
verified statement that they are representing the Coalition Members
in the Chapter 11 cases of Boy Scouts of America and Delaware BSA,
LLC.

On or around July 18, 2020, the members of the Coalition, by and
through their counsel, formed the Coalition and retained Brown
Rudnick LLP and Blank Rome LLP to represent them in connection with
the Coalition's claims and interests in respect of the Debtors and
the Bankruptcy Cases. The Coalition is comprised of more than
10,000 sexual abuse victims. Each Coalition Member, a
party-in-interest, holds claims against the Debtors that may
include, but are not necessarily limited to, unsecured claims and
administrative claims.

Each Coalition Member is a Sexual Abuse Survivor. As a result, the
identity of each member is highly confidential. Nonetheless, in
accordance with Rule 2019, a list of the names and addresses of
each current Coalition Member may be provided upon request by a
proper party in interest and subject to a confidentiality
agreement, or may otherwise be filed with the Court or provided to
the Office of the United States Trustee under seal.

Nothing contained in this Verified Statement should be construed as
(i) a waiver or release of any claims filed or to be filed against,
or interests in, the Debtors held by any Coalition Member or any
other entity, or (ii) a limitation upon, or waiver of, any
Coalition Member's rights to assert, file and/or amend its claims
in accordance with applicable law and any orders entered in these
cases establishing procedures for filing proofs of claim.

Other than as disclosed herein, the Coalition Counsel does not
represent or purport to represent any other entities with respect
to the Bankruptcy Cases.  In addition, the Coalition Members and
the Coalition do not purport to act, represent, or speak on behalf
of any other entities in connection with the Bankruptcy Cases.

The undersigned declares under penalty of perjury that this
Verified Statement is true and accurate to the best of his/her
knowledge, information and belief.

The Coalition reserves the right to amend or supplement this
Verified Statement in accordance with the requirements set forth in
Rule 2019.

Co-Counsel to the Coalition of Abused Scouts for Justice can be
reached at:

          BLANK ROME LLP
          Stanley B. Tarr, Esq.
          1201 Market Street, Suite 800
          Wilmington, DE 19801
          Telephone: (302) 425-6423
          Facsimile: (302) 252-0921
          E-mail: tarr@blankrome.com

          BROWN RUDNICK LLP
          David J. Molton, Esq.
          Seven Times Square
          New York, NY 10036
          Telephone: (212) 209-4800
          E-mail: DMolton@brownrudnick.com

             - and -

          Sunni P. Beville, Esq.
          Tristan G. Axelrod, Esq.
          BROWN RUDNICK LLP
          One Financial Center
          Boston, MA 02111
          Telephone: (617) 856-8200
          E-mail: sbeville@brownrudnick.com
                  taxelrod@brownrudnick.com

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

                  About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations. Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets at least $500 million in liabilities as of the
bankruptcy filing.

The Debtors tapped Sidley Austin LLP as general bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel; and
Alvarez & Marsal North America, LLC as financial advisor. Omni
Agent Solutions is the claims agent.


BOYCE HYDRO: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                       Case No.
     ------                                       --------
     Boyce Hydro, LLC                             20-21214
     6000 South
     P.O. Box 15
     Edenville, MI 48620

     Boyce Hydro Power, LLC                       20-21215
     6000 South M-30
     P.O. Box 15
     Edenville, MI 48620

Business Description:     The Debtors operate dams in Midland and
                          Gladwin counties in Michigan.

Chapter 11 Petition Date: July 31, 2020

Court:                    United States Bankruptcy Court
                          Eastern District of Michigan

Debtors' Counsel:         Matthew E. McClintock, Esq.
                          GOLDSTEIN & MCCLINTOCK LLP
                          111 W Washington Street
                          Suite 1221
                          Chicago, IL 60602
                          Tel: (312) 337-7700
                          Email: mattm@goldmclaw.com

Boyce Hydro, LLC's
Estimated Assets: $10 million to $50 million

Boyce Hydro, LLC's
Estimated Liabilities: $1 million to $10 million

Boyce Hydro Power's
Estimated Assets: $10 million to $50 million

Boyce Hydro Power's
Estimated Liabilities: $1 million to $10 million

The petitions were signed by Lee W. Mueller, co-managing member.

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

                      https://is.gd/UnIvzv
                      https://is.gd/xe0AHR

List of Boyce Hydro's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Carol Clarkson;                     Pending                  $0
   Dave Clarkson;                    Litigation
Pleasant Beach
Mobile Home Resort LLC; and
Jennifer Rivard

Attn: Elizabeth A. Fegan
Fegan Scott LLC
150 S Wacker Dr., 24th Floor
Chicago, IL 60606
Tel: (312) 741-1019
Email: beth@feganscott.com

Attn: Emily Peacock
Olsman Mueller Wallace & Mackenzie, P.C.
2684 West Eleven Mile Road
Berkley, MI 48072
Tel: (248) 591-2300
Email: epeacock@olsmanlaw.com

2. Robert Woods and                    Pending                  $0
Holly Johnson                        Litigation
(class complaint)
Attn: Steven D. Liddle
Liddle & Dubin, P.C.
975 E. Jefferson Ave.
Detroit, MI 48207
Tel: (313) 392-0015
Email: Sliddle@LDClassAction.com

3. Byline Bank                     USDA/SBA Loans       $6,127,637
P.O. Box 388439
Chicago, IL
60638-8439
Attn: David A. Hall
Barnes & Thornburg LLP
171 Monroe Avenue N.W.
Suite 1000
Grand Rapids, MI
48503-2694
Email: David.Hall@btlaw.com

4. Byline Bank                        PPP Loan             $98,989
P.O. Box 388439
Chicago, IL 60638-8439
Attn: David A. Hall
Barnes & Thornburg LLP
171 Monroe Avenue N.W.
Suite 1000
Grand Rapids, MI 48503-2694
Email: David.Hall@btlaw.com

5. Clark Hill PLC                   Professional           $68,980
151 S. Old
Woodward, Ste 200
Birmingham, MI 48009
Attn: Doug Kelly
Tel: (248) 642-9692

6. Kimberly Borchard;                 Pending                   $0
Timothy Dana; and                   Litigation
Holly Kovacs (class complaint)
Attn: Jason J. Thompson
Sommers Schwartz, P.C.
One Towne Square, 17th Floor
Southfield, MI 48076
Tel: (248) 355-0300
Email: jthompson@sommerspc.com

7. Elan Financial Services         Credit Card              $9,000
PO Box 790408
Saint Louis, MO
63179-0408
Attn: Legal
1255 Corporate Dr.
Irving, TX 75038

8. Attorney General ex.              Pending                    $0
rel the People of The              Litigation
State of Michigan;
The Department of Enviornment, Great
Lakes, and Energy; and
the Department of
Natural Resources
Attn: Nathan A. Gambill
Michigan Dep. of Attorney General
P.O. Box 30755
Lansing, MI 48909
Tel: (517) 335-7664
Email: GambillN@michigan.gov

9. David Homrich,                    Pending                    $0
Thomas Legleiter,                   Litigation
Tracy Carrick,
Cliff Alcantara,
Edward T. Lincoln,
Lisa Austin dba
A Second Look Salon,
Tessi Orvis, individually,
and on behalf of similarly
situated

Attn: Michael Hanna
Morgan & Morgan, P.A.
200 Town Center, Suite 1900
Southfield, MI 48075
Tel: (313) 739-1950
Email: mhanna@forthepeople.com

Attn: Lisa Weinstein
Grant & Eisenhofer, P.A.
30 N. LaSalle Street, Suite 2350
Chicago, IL 60602
Tel: (312) 214-0000
Email: lwinstein@gelaw.com

Attn: Robert K. Jenner
Jenner Law, P.C.
1829 Reisterstown Road,
Suite 350
Baltimore, MD 21208
Tel: (410) 382-0122
Email: rjenner@jennerlawfirm.com

10. Four Lakes Task Force             Various              $37,203
233 E. Larkin St.
Suite 2
Midland, MI 48640
Attn: Joseph Colaianne
Clark Hill PLC
212 E. Cesar Chavez Ave
Lansing, MI 48906

11. Gerace Construction               Trade               $418,152
4055 S. Saginaw Road
Midland, MI 48640
Tel: (989) 496-2440

12. Gomez & Sullivan              Professional            $152,787
Engineers, DPC
288 Genessee St.
Utica, NY 13502
Attn: Jerry Gomez
Tel: (315) 724-4860

13. Whitney Cable,                   Pending                    $0
    
Tyler Smith,                       Litigation
Nico Anthony Smith,
John D Surfus
Enterprise Inc., and
John Surfus Rental Account

Attn: Jonathan Marko
Marko Law, PLLC
1300 Broadway Street, 5th Floor
Detroit, MI 48226
Tel: (313) 777-7529
Email: jon@jmarkolaw.com

Attn: Matthew H. Morgan
Nichols Kaster, PLLP
4600 IDS Center
80 S. Eighth Street
Minneapolis, MN 55402
Tel: (612) 256-3200
Email: morgan@nka.com

14. IPFS Corporation               Insurance               $25,665
PO Box 32144
New York, NY 10087-2144
Attn: CSC–Lawyers Incorporating
Service
601 Abbot Road East
Lansing, MI 48823

15. Gloria Grover;                  Pending                     $0
Raul Velasco;                     Litigation
Mary May;
Richard Wolf;
Tina Reinig;
Carl Swarthout;
Shane Nickerson;
Mark Lickteig;
Vivian Kipfmiller;
Patrick Waterman;
Brian Parent;
Lawrence Durek;
Karie Dingman;
Joseph Krueger;
Cleoria French;
Terry Visnaw;
Lori Feinauer;
Jared Bruner; and
Marquetta Maxwell,
individually and all
others similarlysituated

Attn: Michael J. Bonvolanta
Buckfire & Buckfire, P.C
29000 Inkster Road, Suite 150
Southfield, MI 48034
Tel: (248) 569-4646
Email: michael@buckfirelaw.com

Attn: Robert J. Lantzy
Buckfire & Buckfire, P.C.
29000 Inkster Road, Suite 150
Southfield, MI 48034
Tel: (248) 569-4646
Email: robert@buckfirelaw.com

16. John Colburn                     Pending                    $0
on behalf of himself and all        Litigation
others similarly situated

Attn: Joseph G. Sauder               
Sauder Schelkopf LLC               
1109 Lancaster Avenue
Berwyn, PA 19312
Tel: (888) 711-9975
Email: jgs@ssttriallawyers.com

Attn: Matthew D. Schelkopf
Sauder Schelkopf LLC
1109 Lancaster Avenue
Berwyn, PA 19312
Tel: (888) 711-9975
Email: mds@sstriallawyers.com

17. Pat's Gradall                     Trade               $103,132
PO Box 1603
Midland, MI
48641-1603
Attn: Andy Acker
Tel: (989) 835-1022

18. Sarah L. Brooks,                 Pending                    $0
individually and on                Litigation
behalf of others
similarly situated

Attn: Jason J. Thompson            
Sommers Schwartz, P.C.      
One Towne Square, 17th Floor
Southfield, MI 48076
Tel: (248) 355-0300
Email: jthompson@sommerspc.com

Attn: Edward A. Wallace
Wexler Wallace, LLP
55 W. Monroe St., Suite 3300
Chicago, IL 60603
Tel: (312) 346-2222
Email: eaw@wexlerwallace.com

Attn: Kara A. Elgersma
Wexler Wallace, LLP
55 W. Monroe St., Suite 3300
Chicago, IL 60603
Tel: (312) 346-2222
Email: kae@wexlerwallace.com

19. State of Michigan (EGLE)         Judgment              $68,000
PO Box 30657
Lansing, MI 48909-8157
Attn: Nathan A. Gambill
Michigan Dep. of Attorney General
P.O. Box 30755
Lansing, MI 48909-8157
Email: GambillN@michigan.gov

20. Charles Kinzel, on               Pending                    $0
behalf of himself and              Litigation
others similarly situated

Attn: Elizabeth C. Thomson
Hertz Schram PC
I760 S. Telegraph Rd., Ste. 300
Bloomfield Hills, MI 48302
Tel: (248) 335-5000
Email: lthomson@hertzschram.com

Attn: Patricia A. Stamler
Hertz Schram PC
I760 S. Telegraph Rd., Ste. 300
Bloomfield Hills, MI 48302
Tel: (248) 335-5000
Email: pstamler@hertzschram.com

Attn: Matthew J. Turchyn
Hertz Schram PC
I760 S. Telegraph Rd., Ste. 300
Bloomfield Hills, MI 48302
Tel: (248) 335-5000
Email: mturchyn@hertzschram.com


BRIGGS & STRATTON: Seeks Approval to Hire Deloitte as Auditor
-------------------------------------------------------------
Briggs & Stratton Corporation and its debtor affiliates seek
approval from the U.S. Bankruptcy Court for the Eastern District of
Missouri to employ Deloitte & Touche LLP as their independent
auditor.

Deloitte & Touche will perform an integrated audit in accordance
with the standards of the Public Company Accounting Oversight Board
(PCAOB) in order to express opinions on (i) the fairness of the
presentation of Debtor Briggs & Stratton Corporation's financial
statements for the year ended June 28, 2020, in conformity with
accounting principles generally accepted in the United States of
America, and (ii) the effectiveness of the Briggs & Stratton's
internal control over financial reporting as of June 28, 2020,
based on the criteria established in Internal Control –
Integrated Framework, issued by the Committee of Sponsoring
Organizations of the Treadway Committee. Deloitte & Touche will
also perform a review of Briggs & Stratton's condensed consolidated
interim financial information in accordance with the PCAOB
standards for each of the quarters in the year ended June 28,
2020.

Additionally, pursuant to the Engagement Letter, Deloitte & Touche
may provide out-of-scope services that were anticipated to be
performed at time the Engagement Letter was signed.

Deloitte & Touche will work closely with other professionals
retained by the Debtors to ensure that there is no unnecessary
duplication of services performed for or charged to the estates.

Deloitte & Touche's hourly billing rates for matters related to the
Chapter 11 Cases are expected to be within the following ranges:

     Principal/Partner/Managing Director       $350 – $710
     Senior Manager                            $300 – $600
     Manager                                   $275 – $500
     Senior                                    $175 - $405
     Staff                                     $125 – $320

In addition, the Debtors agreed to reimburse Deloitte & Touche for
actual, reasonable, and necessary out-of-pocket expenses incurred
in connection with these Chapter 11 cases.

In the 90 days prior to the Petition Date, the Debtors paid
Deloitte & Touche approximately $670,000. As of the Petition Date,
no amounts remained outstanding with respect to invoices issued by
Deloitte & Touche.

Eric Kulju, a partner of Deloitte & Touche LLP, disclosed in court
filings that the firm is in the process of researching its client
databases to determine and to disclose whether Deloitte & Touche or
its affiliates has any connections with the Debtors, the Debtors'
affiliates, or has been employed by, or has any relationships with,
the entities whose specific names were provided to Deloitte &
Touche by the Debtors. Once this search is complete, Deloitte &
Touche will file a supplemental disclosure with the Court with
respect to its disinterestedness to disclose any such connections
and relationships, as required by Bankruptcy Rule 2014(a).

The firm can be reached through:
   
     Eric Kulju
     DELOITTE & TOUCHE LLP
     555 East Wells Street, Suite 1400
     Milwaukee, WI 53202
     Telephone: (414) 271-3000
     Facsimile: (414) 347-6200

                           About Briggs & Stratton Corporation

Briggs & Stratton Corporation -- https://www.basco.com -- is a
producer of gasoline engines for outdoor power equipment and a
designer, manufacturer and marketer of power generation, pressure
washer, lawn and garden, turf care, and job site products. The
Company's products are marketed and serviced in more than 100
countries on six continents through 40,000 authorized dealers and
service organizations.

Briggs & Stratton Corporation and four affiliates concurrently
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 20-43597) on July
20, 2020. The petitions were signed by Mark A. Schwertfeger, senior
vice president and chief financial officer. At the time of the
filing, Briggs & Stratton Corporation disclosed total assets of
$1,589,398,000 and total liabilities of $1,350,058,000 as of March
29, 2020.

Hon. Barry S. Schermer oversees the cases.

The Debtors tapped Weil, Gotshal & Manges LLP as bankruptcy
counsel; Carmody MacDonald P.C. as local counsel; Foley & Lardner
LLP as corporate counsel; Houlihan Lokey Inc. as investment banker;
Ernst & Young, LLP as restructuring and tax advisor; Deloitte LLP
as auditor and tax consultant; and Kurtzman Carson Consultants, LLC
as claims and noticing agent.


BRIGGS & STRATTON: Seeks to Hire Foley & Lardner as Special Counsel
-------------------------------------------------------------------
Briggs & Stratton Corporation and its debtor affiliates seek
approval from the U.S. Bankruptcy Court for the Eastern District of
Missouri to employ Foley & Lardner LLP as their special counsel.

The firm will render these legal services to the Debtors:

     (a) continue to represent the Debtors with respect to the
Represented Matters;

     (b) provide corporate, finance, employee benefits,
environmental, labor, tax, and other related advice to the Debtors
in connection with a sale of substantially all of the Debtors'
assets (including certain equity interests) under Bankruptcy Code
Section 363;

     (c) prepare, on behalf of the Debtors, certain agreements and
documents relating to or in furtherance of the advice and matters
related to the Sale Transaction; and

     (d) provide corporate and other related advice to one or more
of the Debtors in connection with their business operations during
the Chapter 11 Cases.

Foley will work closely with other professionals retained by the
Debtors to ensure that there is no unnecessary duplication of
services performed for or charged to the estates.

Foley's current hourly rates for matters related to the Chapter 11
Cases are expected to be within the following ranges:

     Partners                     $520 - $1,140
     Senior Counsel/Of Counsel      $455 - $820
     Associates                     $305 - $480
     Paraprofessionals              $195 - $265

In addition, Foley will seek reimbursement for expenses and other
charges incurred in the rendition of services.

As of July 19, 2020, Foley estimates that the amounts of Advance
Payments paid to Foley prior to the Petition Date exceeded amounts
applied or to be applied as prepetition compensation and
reimbursement by approximately $552,275, which amount is subject to
adjustment for any prepetition fees and related expenses not
reflected in Foley's accounting system at the time of such
estimate.

In view of the excess Advance Payments, as of the Petition Date,
the Debtors did not owe Foley any amounts for legal services
rendered before the Petition Date.

The following is provided in response to the request for additional
information set forth in Paragraph D.1 of the Fee Guidelines.

Question: Did you agree to any variations from, or alternatives to,
your standard or customary billing arrangements for this
engagement?

Answer: As disclosed in the Engagement Agreement attached hereto as
Appendix 3, Foley and the Debtors negotiated a billing arrangement
unique to Foley's work with the Debtors. The Engagement Agreement
reflects a specified rate structure that included specific rates
for attorneys, flat fees for certain work performed on behalf of
the Debtors, and the material financial terms depending on the
scope of service performed by Foley on the Debtors' behalf.

Question: Do any of the professionals included in this engagement
vary their rate based on the geographic location of the bankruptcy
case?

Answer: No.

Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed post-petition, explain the
difference and the reasons for the difference.

Answer: As disclosed in the Engagement Agreement attached hereto as
Appendix 3, Foley performed services for the Debtors on a specified
rate structure that included specific rates for attorneys, flat
fees for certain work performed on behalf of the Debtors, a volume
discount and other material financial terms depending on the scope
of service performed by Foley on the Debtors' behalf. Foley and the
Debtors negotiated these rates and other terms in the context of a
competitive process that the Debtors conducted in 2019 that
involved Foley as well as a number of other legal service
providers. Foley performed services for the Debtors prior to the
effectiveness of the Engagement Agreement. Those services were
performed according to terms previously negotiated among Foley and
the Debtors. The prior rate structure was largely similar to the
rate structure set forth in the Engagement Agreement. Although the
Engagement Agreement allowed for some increases in rates, it also
added the volume discount, which was not part of the prior rate
structure. Foley's billing rates and the material financial terms
of Foley's retention by the Debtors have not changed
post-petition.

Question: Has your client approved your prospective budget and
staffing plan, and, if so, for what budget period?

Answer: The Debtors and Foley expect to develop a prospective
budget and staffing plan.

Patrick G. Quick, a partner of the law firm of Foley & Lardner LLP,
disclosed in court filings that the firm is a "disinterested
person" within the meaning of Bankruptcy Code section 101(14).

The firm can be reached through:
   
     Patrick G. Quick, Esq.
     FOLEY & LARDNER LLP
     777 E. Wisconsin Avenue
     Milwaukee, WI 53202-5306
     Telephone: (414) 271-2400
     Facsimile: (414) 297-4900
     E-mail: pgquick@foley.com

                             About Briggs & Stratton Corporation

Briggs & Stratton Corporation -- https://www.basco.com -- is a
producer of gasoline engines for outdoor power equipment and a
designer, manufacturer and marketer of power generation, pressure
washer, lawn and garden, turf care, and job site products. The
Company's products are marketed and serviced in more than 100
countries on six continents through 40,000 authorized dealers and
service organizations.

Briggs & Stratton Corporation and four affiliates concurrently
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 20-43597) on July
20, 2020. The petitions were signed by Mark A. Schwertfeger, senior
vice president and chief financial officer. At the time of the
filing, Briggs & Stratton Corporation disclosed total assets of
$1,589,398,000 and total liabilities of $1,350,058,000 as of March
29, 2020.

Hon. Barry S. Schermer oversees the cases.

The Debtors tapped Weil, Gotshal & Manges LLP as bankruptcy
counsel; Carmody MacDonald P.C. as local counsel; Foley & Lardner
LLP as corporate counsel; Houlihan Lokey Inc. as investment banker;
Ernst & Young, LLP as restructuring and tax advisor; Deloitte LLP
as auditor and tax consultant; and Kurtzman Carson Consultants, LLC
as claims and noticing agent.


BRIGGS & STRATTON: Seeks to Hire Weil Gotshal as Legal Counsel
--------------------------------------------------------------
Briggs & Stratton Corporation and its debtor affiliates seek
approval from the U.S. Bankruptcy Court for the Eastern District of
Missouri to employ Weil, Gotshal & Manges LLP as their attorneys.

The firm will render these professional services to the Debtors:

     (a) prepare on behalf of the Debtors, as
debtors-in-possession, all necessary motions, applications,
answers, orders, reports and other papers in connection with the
administration of the Debtors' estates;

     (b) take all necessary actions in connection with any chapter
11 plan and related disclosure statement and all related documents,
and such further actions as may be required in connection with the
administration of the Debtors' estates;

     (c) take all necessary action to protect and preserve the
Debtors' estates;

     (d) perform all other necessary legal services in connection
with the prosecution of these chapter 11 cases; provided, however,
that to the extent Weil determines that such services fall outside
of the scope of services historically or generally performed by
Weil as lead debtors' counsel in a bankruptcy case, Weil will file
a supplemental declaration.

Weil will work with Carmody MacDonald P.C., the Debtors' local
counsel, and the Debtors' other professionals to ensure a clear
delineation of each firm's respective roles in connection with
representation of the Debtors in these chapter 11 cases to prevent
duplication of services.

The hourly rates of the firm's attorneys and paraprofessionals are
as follows:

     Partners and counsel          $1,100 - $1,695
     Associates                      $595 - $1,050
     Paraprofessionals                 $250 - $435

Weil also intends to seek reimbursement for expenses incurred in
connection with its representation of the Debtors.

During the 90-day period prior to the Petition Date, Weil received
payments and advances in the aggregate amount of $8,962,940.50 for
services performed and expenses incurred, and also to be performed
and incurred, including in preparation for the commencement of
these Chapter 11 Cases.

As of the Petition Date, the Debtors did not owe Weil any fees for
professional services performed or expenses incurred.

The following is provided in response to the request for additional
information set forth in Paragraph D.1 of the Fee Guidelines.

Question: Did you agree to any variations from, or alternatives to,
your standard or customary billing arrangements for this
engagement?

Response: No.

Question: Do any of the professionals included in this engagement
vary their rate based on the geographic location of the bankruptcy
case?

Response: No.

Question: If you represented the client in the twelve (12) months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the twelve (12) months prepetition. If your billing rates
and material financial terms have changed post-petition, explain
the difference and the reasons for the difference.

Response: Weil's billing rates and material financial terms with
respect to this matter have not changed since the Debtors engaged
Weil in April, 2020.

Question: Has your client approved your prospective budget and
staffing plan, and, if so, for what budget period?

Response: Weil is developing a prospective budget and staffing plan
for these chapter 11 cases. Weil and the Debtors will review such
budget following the close of the budget period to determine a
budget for the following period.

Ronit J. Berkovich, a partner of the firm of Weil, Gotshal & Manges
LLP, disclosed in court filings that the firm is a "disinterested
person" within the meaning of Bankruptcy Code section 101(14).

The firm can be reached through:
   
     Ronit J. Berkovich, Esq.
     Debora A. Hoehne, Esq.
     Martha E. Martir, Esq.
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, NY 10153
     Telephone: (212) 310-8000
     Facsimile: (212) 310-8007
     E-mail: Ronit.Berkovich@weil.com
             Debora.Hoehne@weil.com
             Martha.Martir@weil.com

                            About Briggs & Stratton Corporation

Briggs & Stratton Corporation -- https://www.basco.com -- is a
producer of gasoline engines for outdoor power equipment and a
designer, manufacturer and marketer of power generation, pressure
washer, lawn and garden, turf care, and job site products. The
Company's products are marketed and serviced in more than 100
countries on six continents through 40,000 authorized dealers and
service organizations.

Briggs & Stratton Corporation and four affiliates concurrently
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 20-43597) on July
20, 2020. The petitions were signed by Mark A. Schwertfeger, senior
vice president and chief financial officer. At the time of the
filing, Briggs & Stratton Corporation disclosed total assets of
$1,589,398,000 and total liabilities of $1,350,058,000 as of March
29, 2020.

Hon. Barry S. Schermer oversees the cases.

The Debtors tapped Weil, Gotshal & Manges LLP as bankruptcy
counsel; Carmody MacDonald P.C. as local counsel; Foley & Lardner
LLP as corporate counsel; Houlihan Lokey Inc. as investment banker;
Ernst & Young, LLP as restructuring and tax advisor; Deloitte LLP
as auditor and tax consultant; and Kurtzman Carson Consultants, LLC
as claims and noticing agent.


BRIGGS & STRATTON: Seeks to Tap Carmody MacDonald as Local Counsel
------------------------------------------------------------------
Briggs & Stratton Corporation and its debtor affiliates seek
approval from the U.S. Bankruptcy Court for the Eastern District of
Missouri to employ Carmody MacDonald P.C. as their local
restructuring counsel.

The firm will render these legal services to the Debtors:

     (a) advise the Debtors with respect to their rights and
obligations as debtors-in-possession and regarding other matters of
bankruptcy law;

     (b) assist in the preparation and filing of any petitions,
motions, applications, schedules, statements of financial affairs,
plans of reorganization, disclosure statements, and other pleadings
and documents that may be required in these Chapter 11 Cases;

     (c) represent the Debtors at hearings;

     (d) represent the Debtors in adversary proceedings and other
contested matters;

     (e) represent the Debtors in connection with
debtor-in-possession financing arrangements; and

     (f) counsel the Debtors on other matters that may arise in
connection with the Debtors' reorganization proceedings and their
business operations.

Carmody MacDonald will work closely with Weil, Gotshal & Manges
LLP, the Debtors' lead counsel, to ensure that there is no
unnecessary duplication of services performed for or charged to the
estates.

The range of hourly billing rates of Carmody MacDonald's
professionals are as follows:

     Partners                     $345 - $450
     Associates                   $240 - $330
     Paralegals/Law clerks        $200 - $215

Carmody MacDonald received $450,000.00 in retainer payments from
the Debtors prior to the commencement of these Chapter 11 Cases on
July 19, 2020. The retainer was applied against invoices for
attorneys' fees and expenses incurred for services rendered or to
be rendered in contemplation of or in connection with these Chapter
11 cases.

As of the Petition Date, Carmody MacDonald was not owed any amount
by the Debtors for attorneys' fees and expenses.

The following is provided in response to the request for additional
information set forth in Paragraph D.1 of the Fee Guidelines.

Question: Did you agree to any variations from, or alternatives to,
your standard or customary billing arrangements for this
engagement?

Response: Carmody MacDonald did not agree to any variations from,
or alternatives to, its standard or customary billing arrangements
for this engagement for similar matters.

Question: Do any of the professionals included in this engagement
vary their rate based on the geographic location of the bankruptcy
case?

Response: None of the professionals included in this engagement
vary their rates based on the geographic location of the bankruptcy
case.

Question: If you represented the client in the twelve (12) months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the twelve (12) months prepetition. If your billing rates
and material financial terms have changed post-petition, explain
the difference and the reasons for the difference.

Response: The billing rates and material financial terms of Carmody
MacDonald's pre-petition engagement by the Debtors have not changed
post-petition. There were no material adjustments to the engagement
during the 12 months pre-petition, except for the retainer payment
described above.

Question: Has your client approved your prospective budget and
staffing plan, and, if so, for what budget period?

Response: A proposed budget has been discussed and approved among
counsel and the clients.

Robert E. Eggmann, a principal of the law firm of Carmody MacDonald
P.C., disclosed in court filings that the firm is a "disinterested
person" within the meaning of Bankruptcy Code section 101(14).

The firm can be reached through:
   
     Robert E. Eggmann, Esq.
     CARMODY MACDONALD P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, MO 63105
     Telephone: (314) 854-8600
     Facsimile: (314) 854-8660
     E-mail: ree@carmodymacdonald.com

                           About Briggs & Stratton Corporation

Briggs & Stratton Corporation -- https://www.basco.com -- is a
producer of gasoline engines for outdoor power equipment and a
designer, manufacturer and marketer of power generation, pressure
washer, lawn and garden, turf care, and job site products. The
Company's products are marketed and serviced in more than 100
countries on six continents through 40,000 authorized dealers and
service organizations.

Briggs & Stratton Corporation and four affiliates concurrently
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 20-43597) on July
20, 2020. The petitions were signed by Mark A. Schwertfeger, senior
vice president and chief financial officer. At the time of the
filing, Briggs & Stratton Corporation disclosed total assets of
$1,589,398,000 and total liabilities of $1,350,058,000 as of March
29, 2020.

Hon. Barry S. Schermer oversees the cases.

The Debtors tapped Weil, Gotshal & Manges LLP as bankruptcy
counsel; Carmody MacDonald P.C. as local counsel; Foley & Lardner
LLP as corporate counsel; Houlihan Lokey Inc. as investment banker;
Ernst & Young, LLP as restructuring and tax advisor; Deloitte LLP
as auditor and tax consultant; and Kurtzman Carson Consultants, LLC
as claims and noticing agent.


BRIGGS & STRATTON: Taps Ernst & Young as Financial Advisor
----------------------------------------------------------
Briggs & Stratton Corporation and its debtor affiliates seek
approval from the U.S. Bankruptcy Court for the Eastern District of
Missouri to employ Ernst & Young LLP as their financial and tax
advisor.

Ernst & Young will render the following professional services to
the Debtors:

  (1) Financial Advisory Services:

     (a) Assist with the development and revision of a short-term
DIP cash flow forecasting and related budget to actual variance
analysis;

     (b) Assist with reporting to key stakeholders;

     (c) Assist with tracking, reporting, and implementing
liquidity-preservation and maximization workstreams;

     (d) Assist with identifying risks associated with strategies
to deal with critical vendors;

     (e) Assist with bankruptcy reporting requirements and
diligence requests;

     (f) Assist in preparing a plan of reorganization and
disclosure statement;

     (g) Assist with claims analysis and resolution process;

     (h) Develop an integrated, detailed 3-statement financial
model for FY21 through FY 23;

     (i) Provide ad-hoc analysis;

     (j) Advise and assist in refreshing a business plan and
financial forecast; and

     (k) Report to Management and/or the Board of Directors on the
status of the above activities.

  (2) Bankruptcy Tax Services:

     (a) Advise and assist with federal, state and local income tax
analysis and the calculations required as related to the bankruptcy
filing;

     (b) Advise and assist with non-income tax analysis and support
related to the bankruptcy filing;

     (c) Provide research and documentation in support of federal,
state and local tax issues related to the bankruptcy filing;

     (d) Provide guidance and support for tax operation and
procedural issues impacted by the bankruptcy filing; and

     (e) Advise and assist with the resolution of bankruptcy tax
claims.

  (3) Sales and Use Tax Recovery Services:

     (a) Assist company with identifying and recovering potential
sales and use tax overpayments.

Ernst & Young will coordinate with other professionals retained by
the Debtors to ensure that there is no unnecessary duplication of
services performed for or charged to the estates.

Ernst & Young has agreed to provide the Debtors with financial
advisory and bankruptcy tax services at a discounted hourly rate as
follows:

     Partners/Principals/Executive Directors     $750 - $995
     Senior Managers                             $675 - $795
     Managers                                    $560 - $675
     Staff and Senior Consultants                $235 - $560
     
In addition, the Debtors agreed to reimburse Ernst & Young for
expenses incurred in connection with the performance of its
financial and tax advisory services.

Pursuant to the terms and conditions of the Statement of Work for
Sales and Use Tax Recovery Services, the firm will charge the
Debtors based on a percentage of the Gross Refunds that it is able
to identify and recover on the Debtors' behalf. The firm's fee for
refund claims filed will be payable in two installments: 50% upon
filing of the refund claim and the remainder upon the Debtors'
receipt of the refunds or notification of offset by the
governmental agency.

With respect to the Sales and Use Tax Recovery Services, the firm
will be employed by the Debtors to perform specialized and discrete
tasks and a carefully delineated set of services, and accordingly,
the firm will not be compensated upon time and effort expended.
Instead, the firm will be compensated based on a percentage of the
recoveries it is able to garner on the Debtors' behalf.

On or about May 4, 2020, the firm received a retainer from the
Debtors in the amount of approximately $200,000 for financial and
tax advisory services. On or about June 25, 2020 and July 11, 2020,
the firm received an increase in its retainer of approximately
$100,000 and an additional $375,000, respectively. As of the
Petition Date, the balance of the retainer was approximately
$150,000.

Jeffrey Ficks, a partner of Ernst & Young LLP, disclosed in court
filings that the firm is a "disinterested person" within the
meaning of Bankruptcy Code section 101(14).

The firm can be reached through:
   
     Jeffrey Ficks
     ERNST & YOUNG LLP
     155 North Wacker Drive
     Chicago, IL 60606
     Telephone: (312) 879-2000
     Facsimile: (312) 879-4000

                           About Briggs & Stratton Corporation

Briggs & Stratton Corporation -- https://www.basco.com -- is a
producer of gasoline engines for outdoor power equipment and a
designer, manufacturer and marketer of power generation, pressure
washer, lawn and garden, turf care, and job site products. The
Company's products are marketed and serviced in more than 100
countries on six continents through 40,000 authorized dealers and
service organizations.

Briggs & Stratton Corporation and four affiliates concurrently
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 20-43597) on July
20, 2020. The petitions were signed by Mark A. Schwertfeger, senior
vice president and chief financial officer. At the time of the
filing, Briggs & Stratton Corporation disclosed total assets of
$1,589,398,000 and total liabilities of $1,350,058,000 as of March
29, 2020.

Hon. Barry S. Schermer oversees the cases.

The Debtors tapped Weil, Gotshal & Manges LLP as bankruptcy
counsel; Carmody MacDonald P.C. as local counsel; Foley & Lardner
LLP as corporate counsel; Houlihan Lokey Inc. as investment banker;
Ernst & Young, LLP as restructuring and tax advisor; Deloitte LLP
as auditor and tax consultant; and Kurtzman Carson Consultants, LLC
as claims and noticing agent.


BRIGGS & STRATTON: Taps Kurtzman Carson as Claims Agent
-------------------------------------------------------
Briggs & Stratton Corporation and its debtor affiliates seek
approval from the U.S. Bankruptcy Court for the Eastern District of
Missouri to employ Kurtzman Carson Consultants, LLC as claims and
noticing agent and administrative advisor.

The firm will render these professional services to the Debtors:

     (a) assist the Debtors with the preparation and distribution
of all required notices and documents in these chapter 11 cases in
accordance with the Bankruptcy Code, the Bankruptcy Rules and the
Local Rules in the form and manner directed by the Debtors and/or
the Court.

     (b) maintain official copies of the Debtors' respective
schedules of assets and liabilities and statements of financial
affairs, listing the Debtors' known creditors and the other
information required by the Schedules;

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

     (d) furnish a notice to all potential creditors of the last
date for filing proofs of claim and a form for filing a proof of
claim, after such notice and form are approved by the Court, and
notify such potential creditors of the existence, amount and
classification of their respective claims as set forth in the
Schedules, which may be effected by inclusion of such information
(or the lack thereof in cases where the Schedules indicate no debt
due to the subject party) on a customized proof of claim form
provided to potential creditors;

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

     (f) for all notices, motions, orders or other pleadings or
documents served, prepare and file or cause to be filed with the
Clerk's Office, pursuant to Local Rule 9004(D)(3), a certificate of
service within 24 hours of such service;

     (g) process all proofs of claim received;

     (h) maintain a duplicate claims register for each Debtor; and
specify in the Claims Registers the following information for each
claim docketed: (i) the claim number assigned; (ii) the date
received; (iii) the name and address of the claimant and agent, if
applicable, who filed the claim; (iv) the amount asserted; (v) the
asserted classification(s) of the claim; (vi) the applicable Debtor
against which the claim is filed; and (vii) any disposition of the
claim;

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

     (j) as directed by the Clerk's Office, record all transfers of
claims and provide any notices of such transfers as required by
Bankruptcy Rule 3001(e);

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

     (l) upon completion of the docketing process for all claims
received in each chapter 11 case, turn over to the Clerk's Office,
at its request, copies of the Claims Registers for its review;

     (m) monitor the Court's docket for all: (i) notices of
appearance; (ii) address changes; and (iii) claims-related
pleadings and orders filed, and make, as directed by the Clerk's
Office, notations on and/or changes to the applicable Claims
Register(s) and any service or mailing lists;

     (n) as directed by the Clerk's Office, identify and correct
any incomplete or incorrect addresses in any mailing or service
lists;

     (o) assist in the dissemination of information to the public
and respond to requests for administrative information regarding
these chapter 11 cases as directed by the Debtors or the Court;

     (p) if these chapter 11 cases are converted to cases under
chapter 7 of the Bankruptcy Code, contact the Clerk's Office within
three days of notice to KCC of entry of the order converting these
chapter 11 cases;

     (q) thirty (30) days prior to the close of these chapter 11
cases, to the extent practicable, request that the Debtors submit
to the Court a proposed order dismissing KCC as Claims and Noticing
Agent and terminating its services in such capacity upon completion
of its duties and responsibilities and upon the closing of these
chapter 11 cases;

     (r) within seven (7) days of notice to KCC of entry of an
order closing these chapter 11 cases, provide to the Court the
final version of the Claims Registers as of the date immediately
before the close of the chapter 11 cases;

     (s) at the close of these chapter 11 cases, destroy all
documents related to these chapter 11 cases and certify such
destruction, in writing, to the Clerk's Office, specifying the
method of destruction, the date of destruction, and any reference
number or other relevant information for the destruction of the
paper proofs of claim; and

     (t) comply with applicable federal, state, municipal, and
local statutes, ordinances, rules, regulations, orders, and other
requirements.

Moreover, the firm will perform the following services as
administrative advisor:

     (a) assist the Debtors with plan-solicitation services;

     (b) assist the Debtors with the preparation of the Debtors'
Schedules and gather data in conjunction therewith (as needed);

     (c) provide a confidential data room, if requested;

     (d) manage and coordinate any distributions pursuant to a
chapter 11 plan; and

     (e) provide such other claims processing, noticing, plan
solicitation, tabulation, and related administrative services as
may be requested from time to time by the Debtors.

The Debtors intend that the firm's services will complement, and
not duplicate, the services being rendered by other professionals
retained in these chapter 11 cases.

The Debtors request that the undisputed fees and expenses incurred
by the firm in the performance of the above-listed services
provided pursuant to 28 U.S.C. section 156(c) be treated as
administrative expenses of the Debtors' chapter 11 estates pursuant
to 28 U.S.C. section 156(c) and section 503(b)(1)(A) of the
Bankruptcy Code and be paid in the ordinary course of business
pursuant to the Engagement Agreement without further application to
or other of the Court.

Prior to the Petition Date, the Debtors provided the firm a
retainer in the amount of $65,000.

Evan Gershbein, an executive vice president of Corporate
Restructuring Services of Kurtzman Carson Consultants, LLC,
disclosed in court filings that the firm is a "disinterested
person" within the meaning of Bankruptcy Code section 101(14).

The firm can be reached through:
   
     Evan Gershbein
     Drake D. Foster
     KURTZMAN CARSON CONSULTANTS LLC
     222 N. Pacific Coast Highway, 3rd Floor
     El Segundo, CA 90245
     Telephone: (310) 823-9000
     Facsimile: (310) 823-9133
     E-mail: egershbein@kccllc.com
             dfoster@kccllc.com

                            About Briggs & Stratton Corporation

Briggs & Stratton Corporation -- https://www.basco.com -- is a
producer of gasoline engines for outdoor power equipment and a
designer, manufacturer and marketer of power generation, pressure
washer, lawn and garden, turf care, and job site products. The
Company's products are marketed and serviced in more than 100
countries on six continents through 40,000 authorized dealers and
service organizations.

Briggs & Stratton Corporation and four affiliates concurrently
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 20-43597) on July
20, 2020. The petitions were signed by Mark A. Schwertfeger, senior
vice president and chief financial officer. At the time of the
filing, Briggs & Stratton Corporation disclosed total assets of
$1,589,398,000 and total liabilities of $1,350,058,000 as of March
29, 2020.

Hon. Barry S. Schermer oversees the cases.

The Debtors tapped Weil, Gotshal & Manges LLP as bankruptcy
counsel; Carmody MacDonald P.C. as local counsel; Foley & Lardner
LLP as corporate counsel; Houlihan Lokey Inc. as investment banker;
Ernst & Young, LLP as restructuring and tax advisor; Deloitte LLP
as auditor and tax consultant; and Kurtzman Carson Consultants, LLC
as claims and noticing agent.


BROADSTREET PARTNERS: Moody's Alters Outlook on B2 CFR to Neg.
--------------------------------------------------------------
Moody's Investors Service has affirmed the B2 corporate family
rating and B2-PD probability of default rating of BroadStreet
Partners, Inc. following the company's announcement of plans to
issue an incremental $175 million first-lien senior secured term
loan. The rating agency has assigned a B2 rating to the new term
loan and affirmed the B2 ratings on BroadStreet's existing
first-lien term loan and revolving credit facility.

BroadStreet will use net proceeds of the new term loan to pay down
its outstanding revolver balance, add cash to the balance sheet,
and pay related fees and expenses. Moody's has changed the rating
outlook for BroadStreet to negative from stable based on the
insurance broker's elevated financial leverage which is likely to
persist over the next several quarters.

RATINGS RATIONALE

BroadStreet's ratings reflect its steady growth in middle market
insurance brokerage, diversification across clients and carriers,
and good EBITDA margins, according to Moody's. The company's unique
co-ownership model of acquiring majority interests in large core
agencies and allowing these agencies to retain operational autonomy
differentiates it from other privately held rated brokers.

BroadStreet advances a portion of the proceeds from its external
credit facilities to core agencies through intercompany loans. This
mechanism helps the core agencies fund small tuck-in acquisitions.
It also makes BroadStreet a senior creditor to the core agencies,
which means BroadStreet receives regular debt service payments on
the intercompany loans before dividends are paid to the agencies'
minority owners.

BroadStreet's strengths are tempered by its continued high
financial leverage, the complexity of its majority/minority
ownership structure across many core agencies, the sizable periodic
dividends to noncontrolling interests, and exposure to errors and
omissions, a risk inherent in professional services.

For insurance brokers, including BroadStreet, the coronavirus and
related economic downturn will weigh on revenues, earnings and cash
flows depending on the duration and severity of the downturn.
Insurance premium volumes and related brokerage commissions will be
reduced by declining insured exposures and return premium
provisions in various commercial lines, mitigated by rising
insurance rates in certain lines. Brokers do benefit from the
mandatory nature of many insurance products (to meet insured
parties' regulatory and financing requirements) and by the brokers'
largely variable cost structure.

Moody's expects that BroadStreet will limit its discretionary
spending and temper its pace of acquisitions through the downturn
to conserve liquidity and financial flexibility. Upon closing the
proposed financing, the company will have more than $100 million of
cash on hand and full availability under its $250 million revolving
credit facility.

Giving effect to the proposed financing, BroadStreet will have pro
forma debt-to-EBITDA above 7x, (EBITDA - capex) interest coverage
of about 2.5x, and free-cash-flow-to-debt in the low single digits,
according to Moody's estimates. The rating agency expects
BroadStreet to reduce its financial leverage toward historical
levels over the next 12-24 months. If the leverage does not decline
as expected, the ratings could be downgraded. These pro forma
metrics reflect Moody's adjustments for operating leases,
contingent earnout obligations, noncontrolling interest expense,
certain non-recurring items and run-rate EBITDA from acquisitions.

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

Factors that could lead to a stable rating outlook include:

  (i) debt-to-EBITDA ratio at or below 6.5x,

(ii) maintain (EBITDA - capex) coverage of interest above 1.5x,
and

(iii) maintain free-cash-flow-to-debt ratio above 3%.

Factors that could lead to a rating downgrade include:

  (i) debt-to-EBITDA ratio remaining above 6.5x,

(ii) (EBITDA - capex) coverage of interest below 1.5x,

(iii) free-cash-flow-to-debt ratio below 3%, or

(iv) significant decline in revenue and EBITDA resulting from the
economic downturn.

Moody's has assigned the following rating (and loss given default
(LGD) assessment):

  $175 million first-lien senior secured term loan maturing in
January 2027 at B2 (LGD3).

Moody's has affirmed the following ratings:

  Corporate family rating at B2;

  Probability of default rating at B2-PD;

  $250 million first-lien senior secured revolving credit facility
maturing in January 2025 at B2 (LGD3);

  $1.1 billion first-lien senior secured term loan maturing in
January 2027 at B2 (LGD3).

The rating outlook for BroadStreet has been changed to negative
from stable.

The company also has a privately placed $75 million second-lien
senior secured term loan (unrated) that matures in July 2027.

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

Headquartered in Columbus, Ohio, BroadStreet ranked as the
14th-largest US insurance broker based on 2019 revenue, according
to Business Insurance. The company generated total revenue of $696
million for the 12 months through March 2020.


BRONX CITY SERVICE: Seeks to Hire R.G. Quintero & Co. as Accountant
-------------------------------------------------------------------
Bronx City Service Auto Repair, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to employ
R.G. Quintero & Co. as accountant.

The firm's services will primarily focus on the preparation of
financial information for Debtor's disclosure statement and Chapter
11 plan of reorganization, including financial forecasts and
liquidation analysis.  

Ronald Quintero, the firm's accountant who will be providing the
services, will be paid at the rate of $360 per hour.

R.G. Quintero & Co. is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:
     
     Ronald G. Quintero, CPA
     R.G. Quintero & Co.
     Seagram Building, 2607, Park Ave.
     New York, NY 10152
     Telephone: (212) 327-0200
     Email: q@rgquintero.com

                About Bronx City Service Auto Repair

Bronx City Service Auto Repair, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
20-11090) on May 1, 2020. At the time of the filing, Debtor was
estimated to have assets of between $100,001 and $500,000 and
liabilities of the same range. Judge Stuart M. Bernstein oversees
the case. Debtor has tapped Carlos J. Cuevas, Esq., as its
bankruptcy attorney, and R.G. Quintero & Co. as its accountant.


BULA WORLD: Comerica Objects to Plan & Disclosures
--------------------------------------------------
Comerica Bank objects to the First Amended Combined Plan of
Reorganization and Disclosure Statement of Bula World Holdings
Limited Liability Company.

Comerica claims that:

  * The Plan cannot be confirmed because it violates the express
"fair and equitable" requirements of Section 1129(b) with respect
to both the secured and unsecured portions of Comerica's claim.
The Plan also fails to satisfy the fair and equitable requirements
that are not expressly mentioned in section 1129(b).

  * The Plan does not satisfy the statutory fair and equitable
requirement with respect to Comerica's general unsecured claim.

  * The Plan is not fair and equitable under the absolute priority
rule of Section 1129(b)(2)(B)(ii) because the equity holders, which
are junior to the unsecured claims, will retain their interests.

  * The Plan is not fair and equitable with respect to Comerica's
secured claim because it prevents Comerica from promptly realizing
upon its collateral.

  * The Plan is not fair and equitable because it places excessive
risk upon Comerica and impermissibly modifies Comerica's rights.

  * The Plan cannot be confirmed because the Debtor has not
complied with Debtor's obligations to disclose all of the Debtor's
property in that the Debtor failed to disclose significant rent
arrearages owed to the Debtor by an affiliate.

A full-text copy of Comerica's objection to Plan of Reorganization
And Disclosure Statement dated June 23, 2020, is available at
https://tinyurl.com/y9mxh3sh from PacerMonitor.com at no charge.

Attorneys for Comerica Bank:

         BUCHANAN INGERSOLL & ROONEY PC
         Mark Pfeiffer, Esq.
         700 Alexander Park, Suite 300
         Princeton, NJ 08540-6347
         Tel: (215) 665-3921
         Fax: (215) 665-8760

                        About Bula World

Based in Stanhope, New Jersey, Bula World Holdings Limited
Liability Company filed a voluntary Chapter 11 bankruptcy petition
(Bankr. D.N.J. Case No. 19-19243) on May 6, 2019, and is
represented by Stephen B. McNally, Esq., at McNally & Busche,
L.L.C.

Attorneys for Bula World Holdings:

     Stephen B. McNally
     McNALLY & ASSOCIATES, LLC
     93 Main Street
     Newton, New Jersey 07860
     Tel: (973) 300-4260
     Fax: (973) 300-4264


C.B. HONEYCUTT: Parker Poe Represents Pendleton Bowman, 2 Others
----------------------------------------------------------------
In the Chapter 11 cases of C.B. Honeycutt Grading, Inc. dba HGI dba
Honeycutt Grading, Debtor, the law firm of Parker Poe Adams &
Bernstein LLP submitted an amended verified disclosure under Rule
2019 of the Federal Rules of Bankruptcy Procedure, to disclose that
it is representing Pendleton Bowman, LLC, TF Walden, L.P. and First
Bank.

Brian D. Darer is an attorney with the law firm of Parker Poe, 301
Fayetteville Street, Suite 1400, Raleigh, North Carolina 27601;
Telephone (919) 828-0564; Facsimile (919) 834-4564.

Parker Poe currently represents the following creditors in this
proceeding:

   a. Pendleton Bowman, LLC; and
   b. TF Walden, L.P.
   c. First Bank

Reserving the right to assert additional claims or to file Proofs
of Claim in any amount as such claims are discovered, the nature of
each of the foregoing entity's currently- known claims and/or
interests are as follows:

   a. Pendleton Bowman, LLC entered into a contract with the Debtor
for the Debtor to perform certain construction work on a project
owned by Pendleton Bowman, LLC.

   b. TF Walden, L.P. entered into a contract with the Debtor for
the Debtor to perform certain construction work on a project owned
by TF Walden, L.P.

   c. The projects owned by Pendleton Bowman, LLC and TF Walden,
L.P. are separate and distinct projects and there is no overlap
between the real property or work to be performed.

   d. First Bank is a secured creditor of the Debtor.

Parker Poe has fully disclosed this joint representation and each
party consents to the joint representation.

Parker Poe claims no interest or amounts with respect to this case,
but instead represents the clients named herein and its claims
and/or interests.

The Firm can be reached at:

          Brian D. Darer, Esq.
          Parker Poe Adams & Bernstein LLP
          301 Fayetteville Street, Suite 1400
          Raleigh, NC 27602
          Telephone: (919) 828-0564
          Email: briandarer@parkerpoe.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/t3g6hS

                     About C.B. Honeycutt

C.B. Honeycutt Grading, Inc. -- https://hgisiteworks.com --
specializes in turn key site development for subdivisions, retail
stores, apartments, and schools.

On July 3, 2020, C.B. Honeycutt Grading sought Chapter 11
protection (Bankr. W.D.N.C. Case No. 20-30658).  The Debtor was
estimated to have $1 million to $10 million in assets as of the
bankruptcy filing.  John C. Woodman, Esq., at ESSEX RICHARDS, P.A.,
is the Debtor's counsel.


CALIFORNIA RESOURCES: Porter, Paul Represent Crossover Group
------------------------------------------------------------
In the Chapter 11 cases of California Resources Corporation, 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 Crossover Group.

The Ad Hoc Crossover Group of (i) term loans and other obligations
incurred under that certain Credit Agreement, dated as of August
12, 2016, among California Resources Corporation, as borrower, the
lenders party thereto and The Bank of New York Mellon Trust
Company, N.A., as administrative agent and collateral agent, (ii)
8.00% senior secured second lien notes due 2022 issued pursuant to
that certain Indenture, dated as of December 15, 2015, by and among
California Resources, the guarantors party thereto and BNYM, as
trustee and (iii) 6.00% senior notes due 2024 issued pursuant to
that certain Indenture, dated as of October 1, 2014.

In April 2020, the Ad Hoc Crossover Group retained Paul, Weiss, to
represent it as counsel in connection with a potential
restructuring involving the above-captioned debtors and
debtors-in-possession. In June 2020, the Ad Hoc Crossover Group
retained Porter Hedges to serve as its Texas counsel with respect
to such matters.

As of July 21, 2020, members of the Ad Hoc Crossover Group and
their disclosable economic interests are:

Cyrus Capital Partners, L.P.
65 East 55th Street, 35th Floor
New York, NY 10022

* Term Loan Obligations: $17,500,000
* Second Lien Notes: $105,204,000

Granby Capital Management, LLC
2 Stamford Plaza, Suite 1501
281 Tresser Blvd.
Stamford, CT 06901

* Term Loan Obligations: $10,000,000
* Second Lien Notes: $52,812,000
* 6% Senior Notes due 2024: $14,610,000

MacKay Shields, LLC
1345 Avenue of the Americas
New York, New York 10105

* Second Lien Notes: $146,004,000

Orbis Investment Management Limited
25 Front Street
Hamilton HM 11 Bermuda

* Second Lien Notes: $142,552,000

The Ad Hoc Crossover Group, through its undersigned counsel,
reserves the right to amend or supplement this Verified Statement
as necessary for that or any other reason in accordance with the
requirements set forth in Bankruptcy Rule 2019.

Counsel for the Ad Hoc Crossover Group can be reached at:

          PORTER HEDGES LLP
          John F. Higgins, Esq.
          1000 Main Street, 36th Floor
          Houston, TX 77002
          Telephone: (713) 226-6000
          Facsimile: (713) 226-6248
          Email: jhiggins@porterhedges.com

             - and -

          PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
          Andrew N. Rosenberg, Esq.
          Elizabeth R. McColm, Esq.
          1285 Avenue of the Americas
          New York, NY 10019
          Telephone: (212) 373-3000
          Facsimile: (212) 757-3990
          Email: arosenberg@paulweiss.com
                 emccolm@paulweiss.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/X1vSoI

                    About California Resources

California Resources Corporation is an oil and natural gas
exploration and production company headquartered in Los Angeles.
The company operates its resource base exclusively within
California, applying complementary and integrated infrastructure to
gather, process and market its production.  Visit
http://www.crc.com/for more information.  

On July 15, 2020, California Resources and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 20-33568).  At the time of the filing,
California Resources 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 Sullivan & Cromwell, LLP and Vinson & Elkins LLP
as their bankruptcy counsel, Perella Weinberg Partners as
investment banker, Alvarez & Marsal North America, LLC as
restructuring advisor, and Epiq Corporate Restructuring, LLC as
claims agent.


CHISHOLM OIL: Conflict Could Arise in Chapter 11 Case
-----------------------------------------------------
Law360 reports that Chisholm Oil and Gas Operating LLC was warned
during an initial appearance in Delaware court by junior lenders
that a battle could be brewing over the oil and gas driller's
Chapter 11 plan to reorganize roughly $500 million in debt.

During a hearing held virtually, U. S. Bankruptcy Judge Brendan L.
Shannon gave his nod to various "first-day" motions, including for
Chisholm to continue paying employee wages and other costs and use
lenders' cash collateral to fund operations during the Chapter 11,
with few issues raised by stakeholders. However, junior lenders
cautioned a fight could be coming another day.

                   About Chisholm Oil & Gas

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

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

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

The Hon. Brendan Linehan Shannon presides over the cases.

The Debtors have tapped Weil, Gotshal & Manges, LLP and Young
Conaway Stargatt & Taylor, LLP as legal counsel; Evercore Group,
LLC as investment banker; Alvarez & Marsal North America, LLC as
financial advisor; and Omni Agent Solutions as claims and noticing
agent.


CHISHOLM OIL: Creditors' Committee Members Disclose Claims
----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Blank Rome LLP and Paul Hastings LLP submitted a
verified statement that they are representing the Official
Committee of Unsecured Creditors in the Chapter 11 cases of
Chisholm Oil and Gas Operating, LLC, et al.

On June 17, 2020, each of the Debtors filed with the Court a
voluntary petition for relief under chapter 11 of title 11 of the
United States Code. The Debtors are operating their business and
managing their properties as debtors in possession pursuant to
Bankruptcy Code sections 1107(a) and 1108. No trustee or examiner
has been appointed in these cases.

On July 1, 2020, the Office of the United States Trustee for the
District of Delaware appointed the Committee pursuant to Bankruptcy
Code section 1102 [D.I. 90]. The Committee consisted of the
following three members: (1) Alta Mesa Services, LP; (2) Reliance
Oilfield Services, LLC; and (3) Mesa Natural Gas Solutions, LLC.
Mesa Natural Gas Solutions, LLC subsequently resigned from the
Committee [D.I. 115]. On July 7, 2020, the Committee, subject to
Court approval, selected Paul Hastings LLP and Blank Rome LLP as
its counsel.

As of July 23, 2020, each current member of the Committee and their
disclosable economic interests are:

Alta Mesa Services, LP
Attn: Loretta Cross
2101 Cedar Springs Road Suite 1100
Dallas, Texas 75201

* A claim asserted in the amount of not less than $1,496,233.00
  arising from exploration and production services and related
  goods and royalty and working interest payables.

Reliance Oilfield Services, LLC
Attn: Heath Casey
Two West 2nd Street
Suite 1350
Tulsa, Oklahoma 74103

* A claim asserted in the amount of not less than $629,500.00
  arising from oilfield services and related goods.

Nothing contained in this Verified Statement, including Exhibit A
hereto, should be construed as (i) a limitation upon, or waiver of,
any Committee member's rights to assert, file and/or amend its
claims in accordance with applicable law and any orders entered in
these cases establishing procedures for filing proofs of claim, or
(ii) a limitation on the rights of the Committee as a whole with
respect to any claim.

The Committee reserves the right to amend or supplement this
Verified Statement in accordance with the requirements set forth in
Rule 2019.

Proposed Counsel to the Official Committee of Unsecured Creditors
can be reached at:

          BLANK ROME LLP
          Regina Stango Kelbon, Esq.
          Stanley B. Tarr, Esq.
          Bryan J. Hall, Esq.
          1201 Market Street, Suite 800
          Wilmington, DE 19801
          Telephone: (302) 425-6423
          Facsimile: (302) 252-0921
          E-mail: Kelbon@BlankRome.com
                  Tarr@BlankRome.com
                  BHall@BlankRome.com

             - and -

          PAUL HASTINGS LLP
          James T. Grogan, Esq.
          Irena Goldstein, Esq.
          Kevin P. Broughel, Esq.
          Michael C. Whalen, Esq.
          Broocks "Mack" Wilson
          600 Travis Street, Fifty-Eight Floor
          Houston, TX 77002
          Telephone: (713) 860-7300
          Facsimile: (713) 860-7300
          Email: jamesgrogan@paulhastings.com
                 irenagoldstein@paulhastings.com
                 kevinbroughel@paulhastings.com
                 michaelcwhalen@paulhastings.com
                 mackwilson@paulhastings.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/uRUO1k and https://is.gd/CYyrUq

                    About Chisholm Oil & Gas

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

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

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

The Hon. Brendan Linehan Shannon presides over the cases.

The Debtors have tapped Weil, Gotshal & Manges, LLP and Young
Conaway Stargatt & Taylor, LLP as legal counsel; Evercore Group,
LLC as investment banker; Alvarez & Marsal North America, LLC as
financial advisor; and Omni Agent Solutions as claims and noticing
agent.


COVIA HOLDINGS: Seeks to Hire DLA Piper LLP (US) as Counsel
-----------------------------------------------------------
Covia Holdings Corporation, and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ DLA Piper LLP (US) as counsel to their
Disinterested Directors.

DLA Piper LLP (US) is being engaged to represent Covia Holdings,
acting at the sole request and direction of a committee of
independent members of the Debtor's Board of Directors (Independent
Directors), in connection with the Independent Directors' review
and investigation of certain prior transactions involving the
Debtor and its affiliates and subsidiaries, and any other matters
delegated to the firm by the Debtor, acting solely at the request
and direction of the Independent Directors. The Independent
Directors will direct its work on the matter.

The firm's hourly rates are:

     Rachel Ehrlich Albanese (Partner)               $1,070
     Douglas Emhoff (Partner)                        $1,110
     Brett Ingerman (Managing Partner)               $1,150
     Thomas Califano (Co-Chair Restructuring Group)  $1,290

     Partners           $750 – $1650
     Associates         $430 – $1,245  
     Paraprofessionals  $170 – $455

DLA currently holds an unapplied retainer of $195,075.

Thomas Califano, Esq., a partner at DLA Piper, disclosed in court
filings that the firm is "disinterested" within the meaning of
Section 101(14) of the Bankruptcy Code.

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

The attorney also disclosed that DLA Piper represented the Debtor
in its restructuring efforts prior to the petition date, and that
the firm charged its standard hourly rates, which are substantially
similar to the billing rates and financial terms that the firm
intends to charge for post-petition work.   

Mr. Califano also disclosed that DLA will coordinate with the
Disinterested Directors on an appropriate budget and staffing plan
as matters arise.

DLA Piper can be reached through:

     Thomas R. Califano, Esq.
     DLA Piper LLP (US)
     1251 Avenue of the Americas
     New York, NY 10020-1104
     Telephone: (212) 335-4500
     Facsimile: (212) 335-4501
     Email: thomas.califano@dlapiper.com

                 Covia Holdings Corporation

Covia Holdings Corporation and its affiliates --
http://www.coviacorp.com/-- provide diversified mineral-based and
material solutions for the energy and industrial markets.  They
produce a specialized range of industrial materials for use in the
glass, ceramics, coatings, foundry, polymers, construction, water
filtration, sports and recreation, and oil and gas markets.

Covia Holdings Corporation, based in Independence, Ohio, and its
debtor-affiliates sought Chapter 11 protection (Bankr. S.D. Tex.
Lead Case No. 20-33295) on June 29, 2020.

In its petition, Covia disclosed $2,504,740,814 in assets and
$1,903,952,839 in liabilities.  The petition was signed by Andrew
D. Eich, executive vice president, chief financial officer, and
treasurer.

The Hon. Marvin Isgur presides over the case.

The Debtors tapped KIRKLAND & ELLIS LLP, and KIRKLAND & ELLIS
INTERNATIONAL LLP, as counsel; JACKSON WALKER L.L.P., as
co-counsel; KOBRE & KIM LLP, as special litigation counsel; PJT
PARTNERS LP, as investment banker; ALIXPARTNERS, LLP, as financial
advisor; and PRIME CLERK LLC, as claims and noticing agent.


DAN'S MOBILE V: Plan of Reorganization Confirmed by Judge
---------------------------------------------------------
Judge Catherine Peek McEwen has entered an order approving the
Disclosure Statement and confirming the Plan of Reorganization of
Dan's Mobile V Twin Service, LLC.

The Plan was proposed with the honest and legitimate purpose of
maximizing the value of the Debtor's estate and the payments to
creditors.  The Plan was developed in good faith on the part of the
Debtor and in good faith negotiations with various creditors.
Therefore, 11 U.S.C. Sec. 1129(a)(3) is met.

The Plan is fair and equitable with respect to each class of claims
or interest that is impaired and did not accept the Plan, and the
Plan satisfies the requirements of 11 U.S.C. Sec. 1129(b)(2)(A) and
(B), and the Absolute Priority Rule.

A copy of the order dated June 19, 2020, is available at
https://tinyurl.com/ybjjapln from PacerMonitor at no charge.

               About Dan's Mobile V Twin Service

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


DELUXE EXPRESS: Seeks to Hire David Freydin as Corporate Counsel
----------------------------------------------------------------
Deluxe Express, Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Illinois to employ the Law Offices of
David Freydin, PC as its corporate counsel.

The firm will represent Debtor in matters concerning corporate
restructuring and will provide other legal services in connection
with Debtor's Chapter 11 case.  

The hourly rates for the firm's attorneys are as follows:

     David Freydin             $350
     Jan Michael Hulstedt      $325
     Emma Sloan                $250

David Freydin, Esq., disclosed in court filings that he is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The attorney can be reached at:
   
     David Freydin, Esq.
     Law Offices of David Freydin, PC
     8707 Skokie Blvd, Suite 312
     Skokie, IL 60077
     Telephone: (847) 972-6157
     Facsimile: (866) 897-7577
     Email: david.freydin@freydinlaw.com

                        About Deluxe Express

Deluxe Express, Inc., a freight shipping and trucking company based
in Plainfield, Ill., filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
20-13381) on July 1, 2020.  The petition was signed by Deluxe
Express President Igoris Geguzinskas.  At the time of the filing,
Debtor disclosed total assets of $1,032,142 and total liabilities
of $2,694,778.  Judge David C. Cleary oversees the case.

Debtor has tapped Gutnicki, LLP as its bankruptcy counsel and the
Law Offices of David Freydin, PC as its corporate counsel.


DELUXE EXPRESS: Seeks to Tap Gutnicki LLP as Bankruptcy Counsel
---------------------------------------------------------------
Deluxe Express, Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Illinois to employ Gutnicki LLP as its
bankruptcy counsel.

The firm will render the following services:

     (a) negotiation with creditors;

     (b) preparation of a Chapter 11 plan;

     (c) examining and resolving claims filed against Debtor's
bankruptcy estate;

     (d) preparation and prosecution of adversary proceedings, if
any;
    
     (e) preparation of pleadings;

     (f) interaction with the trustee in Debtor's case; and

     (g) attendance at court hearings.

The attorney rates at Gutnicki LLP range from $205 per hour to $585
per hour.       Miriam Stein, Esq., and Kara Allen, Esq., at
Gutnicki, charge $400 per hour and $320
per hour, respectively.

Ms. Stein disclosed in court filings that she is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The attorney can be reached at:
   
     Miriam R. Stein, Esq.
     Gutnicki LLP
     4711 Golf Road, Suite 200
     Skokie, IL 60076
     Telephone: (847) 745-6592
     Email: mstein@gutnicki.com

                        About Deluxe Express

Deluxe Express, Inc., a freight shipping and trucking company based
in Plainfield, Ill., filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
20-13381) on July 1, 2020.  The petition was signed by Deluxe
Express President Igoris Geguzinskas.  At the time of the filing,
Debtor disclosed total assets of $1,032,142 and total liabilities
of $2,694,778.  Judge David C. Cleary oversees the case.

Debtor has tapped Gutnicki, LLP as its bankruptcy counsel and the
Law Offices of David Freydin, PC as its corporate counsel.


DENBURY RESOURCES: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------------
Lead Debtor: Denbury Resources Inc.
             5320 Legacy Drive
             Plano, TX 75024

Business Description:     Headquartered in Plano, Texas, Denbury
                          Resources Inc. -- www.denbury.com --
                          is an independent oil and natural gas
                          company with onshore production and
                          development activities in the Gulf Coast

                          and Rocky Mountains regions.  The
                          Company's goal is to increase the value
                          of its properties through a combination
                          of exploitation, drilling and proven
                          engineering extraction practices, with
                          the most significant emphasis relating
                          to carbon dioxide enhanced oil recovery
                          (CO2 EOR) operations.

Chapter 11 Petition Date: July 30, 2020

Court:                    United States Bankruptcy Court
                          Southern District of Texas

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

     Debtor                                           Case No.
     ------                                           --------
     Denbury Resources Inc. (Lead Debtor)             20-33801
     Denbury Air, LLC                                 20-33802
     Denbury Brookhaven Pipeline Partnership, LP      20-33803
     Denbury Brookhaven Pipeline, LLC                 20-33805
     Denbury Gathering & Marketing, Inc.              20-33806
     Denbury Green Pipeline-Montana, LLC              20-33807
     Denbury Green Pipeline-North Dakota, LLC         20-33808
     Denbury Green Pipeline-Riley Ridge, LLC          20-33809
     Denbury Green Pipeline-Texas, LLC                20-33810
     Denbury Gulf Coast Pipelines, LLC                20-33811
     Denbury Holdings, Inc.                           20-33812
     Denbury Onshore, LLC                             20-33800
     Denbury Operating Company                        20-33813
     Denbury Pipeline Holdings, LLC                   20-33814
     Denbury Thompson Pipeline, LLC                   20-33815
     Encore Partners GP Holdings, LLC                 20-33816
     Greencore Pipeline Company, LLC                  20-33817
     Plain Energy Holdings, LLC                       20-33818

Judge:                    Hon. David R. Jones

Debtors'
General
Bankruptcy
Counsel:                  Joshua A. Sussberg, P.C.
                          Christopher J. Marcus, P.C.
                          Rebecca Blake Chaikin, Esq.
                          KIRKLAND & ELLIS LLP
                          KIRKLAND & ELLIS INTERNATIONAL LLP       
             
                          601 Lexington Avenue
                          New York, New York 10022
                          Tel: (212) 446-4800
                          Fax: (212) 446-4900
                          Email: joshua.sussberg@kirkland.com
                                 christopher.marcus@kirkland.com
                                 rebecca.chaikin@kirkland.com

                            - and -

                          David L. Eaton, Esq.
                          300 North LaSalle Street
                          Chicago, Illinois 60654
                          Tel: (312) 862-2000
                          Fax: (312) 862-2200
                          Email: david.eaton@kirkland.com

Debtors'
Local
Bankruptcy
Counsel:                  Matthew D. Cavenaugh, Esq.
                          Vienna F. Anaya, Esq.
                          Victoria Argeroplos, Esq.
                          JACKSON WALKER L.L.P.
                          1401 McKinney Street, Suite 1900
                          Houston, Texas 77010
                          Tel: (713) 752-4200
                          Fax: (713) 752-4221
                          Email: mcavenaugh@jw.com
                                 vanaya@jw.com
                                 vargeroplos@jw.com

Debtors'
Financial
Advisor:                  EVERCORE GROUP L.L.C.

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

Debtors'
Tax Advisors:             KPMG LLP

                            - and -
                          
                          PRICEWATERHOUSECOOPERS LLP


Debtors'
Notice &
Claims Agent:             EPIQ CORPORATE RESTRUCTURING, LLC
                          https://dm.epiq11.com/case/denbury/info

Total Assets as of March 31, 2020: $4,607,091,000

Total Debts as of March 31, 2020: $3,117,646,000

The petitions were signed by Christian S. Kendall, chief executive
officer.

A copy of Denbury Resources' petition is available for free at
PacerMonitor.com at:

                     https://is.gd/yWR4Oj

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Wilmington Trust,             6.375% Convertible   $225,663,000
National Association              Senior Notes Due
15950 North Dallas Parkway              2024
Suite 550
Dallas, TX 75248
Attn: Quinton M. Depompolo
Title: Global Capital Markets
Banking Officer
Tel: (612) 217-5670
Fax: (612) 217-5651
Email: qdepompolo@wilmingtontrust.com

2. Wilmington Trust,                4.625% Senior     $135,960,000
National Association             Subordinated Notes
15950 North Dallas Parkway            Due 2023
Suite 550
Dallas, TX 75248
Attn: Quinton M. Depompolo
Title: Global Capital Markets
Banking Officer
Tel: (612) 217-5670
Fax: (612) 217-5651
Email: qdepompolo@wilmingtontrust.com

3. Wilmington Trust,                 5.500% Senior     $58,426,000
National Association              Subordinated Notes
15950 North Dallas Parkway             Due 2022
Suite 550
Dallas, TX 75248
Attn: Quinton M. Depompolo
Title: Global Capital Markets
Banking Officer
Tel: (612) 217-5670
Fax: (612) 217-5651
Email: qdepompolo@wilmingtontrust.com

4. Wilmington Trust,                 6.375% Senior     $51,304,000
National Association              Subordinated Notes
15950 North Dallas Parkway            Due 2021
Suite 550
Dallas, TX 75248
Attn: Quinton M. Depompolo
Title: Global Capital Markets
Banking Officer
Tel: (612) 217-5670
Fax: (612) 217-5651
Email: qdepompolo@wilmingtontrust.com

5. FDL Operating LLC                Trade Payables      $1,581,389
5221 N O Connor Blvd
Irving, TX 75039-3714
Att: Jake Plunk
Title: CEO
Tel: (972) 332-1419
Fax: (855) 299-5083
Email: jplunk@fdlenergy.com

6. Tellus Operating Group LLC       Trade Payables        $453,397
602 Crescent PL #100
Ridgeland, MS 39157
Attn: Richard H. Mills, Jr.
Title: CEO
Tel: (601) 898-7444
Fax: (601) 898-7445
Email: rmills@tellusoperating.com

7. JACAM Chemicals 2013 LLC         Trade Payables        $393,221
205 S. Broadway
Sterling, KS 67579
Attn: Gene Zaid
Title: CEO
Tel: (620) 278-3355
Email: gene.zaid@jacam.com

8. Wood Group PSN Inc.              Trade Payables        $336,602
17325 Park Row Dr
Houston, TX 77084
Attn: Bobby Berry
Title: Vice President
Tel: (281) 647-1041
Email: bobby.berry@woodgroup.com

9. Entergy                          Trade Payables        $324,592
639 Loyola Ave
Ste 300
New Orleans, LA 70113
Attn: Leo P Denault
Title: CEO
Tel: (504) 576-4000
Email: ldenault@entergy.com

10. Baker Hughes Oilfield           Trade Payables        $286,031
Operations Inc.
17021 Aldine Westfield Rd
Houston, TX 77073-5101
Attn: Lorenzo Simonelli
Title: President & CEO
Tel: (713) 439-8600
Email: lorenzo.simonelli@bhge.com

11. Steel Service                   Trade Payables        $229,686
Oilfield Tubular Inc.
8138 E 63rd St
Tulsa, OK 74182
Attn: Ron Pederson
Title: President
Tel: (918) 286-1500
Fax: (918) 286-1508
Email: rp@steelserviceoilfield.com

12. JD Rush Corporation             Trade Payables        $210,447
2 Northpoint Drive, Suite 150
Houston, TX 77060
Attn: Frank Sams
Title: President
Tel: (281) 617-5512
Email: franks@jdrushcorp.com

13. Black Hills Power               Trade Payables        $174,100
7001 Mount Rushmore Rd
Rapid City, SD 57702-8752
Attn: Linden Evans
Title: CEO
Tel: (605) 721-1700
Email: linden.evans@blackhillscorp.com

14. Fortis Energy Services Inc.     Trade Payables        $140,141
3001 W Big Beaver Rd #525
Troy, MI 48084
Attn: Susan Censoni
Title: CFO
Tel: (248) 283-7100
Email: scensoni@fortisenergyservices.com

15. SPN Well Services               Trade Payables        $126,184
3333 N Interstate 35 Bldg F
Gainesville, TX 76240
Attn: William Pittman
Title: Vice President
Tel: (940) 567-1106
Email: wpittman@spnws.com

16. D&M Solutions Inc.              Trade Payables        $118,266
21 Shell Oil Rd
Baker, MT 59313
Attn: Greg Gaub
Title: General Manager
Tel: (406) 853-5295
Fax: (406) 778-2677
Email: gregdm@midrivers.com

17. Pumpelly Oil Acquisition LLC    Trade Payables        $114,100
1890 Swisco
Sulphur, LA 70665-8212
Attn: Glenn Pumpelly
Title: CEO
Tel: (337) 625-1117
Email: glenn.pumpelly@reladyne.com

18. Va Sauls Inc.                   Trade Payables         $83,573
411 East Main St.
Heidelberg, MI 39439
Attn: Gary W. Sauls
Title: President
Tel: (601) 787-4321
Fax: (601) 787-3409

19. DNOW LP                         Trade Payables         $71,636
7402 N Eldridge Pkwy
Houston, TX 77041
Attn: David A. Cherechinsky
Title: President & CEO
Tel: (281) 823-4719
Email: david.cherechinsky@dnow.com

20. B&L Pipeco Services Inc.        Trade Payables         $67,728
   
20465 SH 249 Suite 200
Houston, TX 77070
Attn: Steve Tait
Title: President & CEO
Tel: (281) 955-3500
Email: steve.tait@blpipeco.com

21. Hawkins Lease Service Inc.      Trade Payables         $66,086
3205 FM 2403
Alvin, TX 77511
Attn: Thomas Kirsch
Title: Superintendent
Tel: (281) 331-2739
Fax: (281) 585-4295
Email: tkirsch@hawkinsleaseservice.com

22. Weatherford Artifical           Trade Payables         $59,034
Lift Systems
2000 St. James PL
Houston, TX 77056
Attn: Karl Blanchard
Title: Interim CEO & EVP
Tel: (713) 836-4000
Email: karl.blanchard@weatherford.com

23. Reagan Power & Compression      Trade Payables         $57,638
2550 Belle Chasse Hwy
Gretna, LA 70053-6758
Attn: Brett Reagan
Title: CAO
Tel: (504) 368-9760
Email: breagan@reaganpower.com

24. C&J Well Service Inc.           Trade Payables         $54,045
3990 Rogerdale Rd
Houston, TX 77042-5142
Attn: Robert Drummond
Title: President & CEO
Tel: (713) 325-6000
Email: rdrummond@cjenergy.com

25. DC Vacuum Inc.                  Trade Payables         $51,819
17210 Auction Bard Rd
Alvin, TX 77511-9466
Attn: Danny M. Cordova
Title: Executive Director
Tel: (713) 825-3064
Email: dcvacuum2012@yahoo.com

26. GE Oil & Gas Pressure           Trade Payables         $50,698
Control LP
4424 W Sam Houston Pkw N,
Ste 100
Houston, TX 77041-8245
Attn: Thomas Adams
Title: CEO
Tel: (281) 398-8901
Fax: (281) 985-8600
Email: thomas.adams@ge.com

27. Direct Electric LLC             Trade Payables         $48,332
2001 Courtright Rd
Columbus, OH 43232
Attn: Gary Shoults
Title: President
Tel: (614) 989-351

28. Endurance Lift Solutions LLC    Trade Payables        $45,574
201 W California St
Gainesville, TX 76240-3904
Attn: Dan Runzheimer
Title: President
Email: dan.runzheimer@endurancelift.com

29. Wrangler Well Service Inc.      Trade Payables         $44,708
806 W Main St.
Riverton, WY 82501
Attn: Tim Davis
Title: President
Tel: (307) 857-3979
Fax: (307) 857-4266
Email: tim.davis@welldrillingcorp.com

30. APMTG Helium LLC                  Litigation      Undetermined
c/o The Spence Law Firm
232 E. 2nd Street, Suite 101
Casper, WY 82601
Attn: Jason A. Neville
Title: Partner
Tel: (307) 733-7290
Fax: (307) 733-5248
Email: neville@spencelawyers.com


DIAMOND OFFSHORE: Gets Court OK for $14.5M Executive Bonuses
------------------------------------------------------------
Law360 reports that a Texas bankruptcy judge on June 23, 2020,
approved up to $14.5 million in bonuses for top executives at
Diamond Offshore Drilling Inc. after hearing that the company had
reached an agreement with creditors to move the performance goals
for the payments up.

Diamond had previously agreed to defer a portion of the payments
until the end of the bankruptcy case, and told U.S. Bankruptcy
Judge David Jones at a hearing held by telephone that it had
reached an agreement with its unsecured creditors to adjust the
payout benchmarks upward. "The program has become even more
incentivizing," Diamond counsel Robert Britton said.

                     About Diamond Offshore

Diamond Offshore Drilling, Inc. -- http://www.diamondoffshore.com/
-- provides contract drilling services to the energy industry
around the globe with a fleet of 15 offshore drilling rigs,
consisting of four drillships and 11 semi-submersible rigs,
including two rigs that are currently cold stacked. The Company's
current fleet excludes the Ocean Confidence, which it expects to
complete the sale of in the first quarter of 2020. It employs 2,500
people and has revenue of $981 million in 2019.

As of Dec. 31, 2019, the Company had $5.83 billion in total assets,
against $2.60 billion in total liabilities.

On April 26, 2020, Diamond Offshore and its affiliates sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-32307).

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

The Company's bankruptcy advisers include investment banker Lazard
Freres & Co. LLC.; financial advisor Alvarez & Marshall North
America LLC; and attorneys Porter Hedges LLP and Paul, Weiss,
Rifkind, Wharton & Garrison LLP.  Prime Clerk LLC is the claims
agent.


DIAMONDBACK INDUSTRIES: Unsecureds to Get Full Payment w/ Interest
------------------------------------------------------------------
Diamondback Industries, Inc., and its two affiliates, namely,
Discerner Holdings, Inc. and Discerner Investments, LLC, filed with
the United States Bankruptcy Court for the Northern District of
Texas, Fort Worth Division, a Joint Chapter 11 Plan of
Reorganization and a Disclosure Statement on June 23, 2020.

The Plan will accomplish chapter 11’s goal with the 9019
Settlement Agreement. The 9019 Settlement Agreement’s proceeds
and the Debtors’ ongoing business operations will provide the
following to Creditors and Interest holders: (a) it will
restructure and repay Diamondback's secured debt to UMB Bank ("UMB
Bank" or "UMB"); (b) it will stabilize and reinvigorate (stalled)
business operations; and (c) it will establish a process by which
the Allowed Claims of all General Unsecured Creditors in Class 7
will be paid in full, with interest, pursuant to the UCC Note.

Class 7 Allowed General Unsecured Creditor Claims total $500,000.
Each Holder of an Allowed Class 7 Claim will be paid in full, with
interest, pursuant to the UCC Note.

Class 8 Unsecured Claims of Judgment Creditorss are disputed
claims.  To the extent allowed by a final order in the Patent
Judgment Appeal, each Judgment Creditor's Unsecured Claim will be
treated in Class 8.
To the extent the claims are allowed, each Judgment Creditor will
receive a beneficial interest in the Creditor Trust equal to that
Judgment Creditor’s pro rata share of the Allowed sum of all
Trust Beneficiaries Allowed Claims.  Each Allowed Class 8 Claim
will be paid its pro rata share of Distributions from the Creditor
Trust Assets.

Class 10 interest holders will retain their interests and all
rights incident of such Interests, including the right to receive
proceeds of such interests; provided, however, the rights of
holders of Interests to receive any proceeds of such Interests will
be subordinate to the Creditor Trustee's right to receive such
proceeds until each allowed claim of the Judgment Creditors is paid
in full pursuant to Plan.

The Plan will accomplish chapter 11's goal with a settlement and
compromise with UMB Bank, the Debtors, and Derrek and Laura Drury
(the "Drurys").  Under the 9019 Settlement Agreement, Drurys will
pay $9,000,000 (the "9019 Payment") to the Estates.  The Estates
will use $7,000,000 of the 9019 Payment to pay their administrative
expenses. UMB will receive its portion of the 9019 Payment
($1,000,000) as a payment on its Allowed Claim.  The Creditor Trust
will receive its portion of the 9019 Payment ($1,000,000) as
collateral for payment of the disputed claims asserted against the
Estates by the Judgment Creditors. As additional collateral, the
Creditor Trust will receive 100% of the equity in the Debtors owned
by the Drurys.

In addition to revenue generated from operating the Debtors
business, the Plan will be implemented through the Exit Financing.
The Debtors intend to enter into a new credit facility with UMB as
Exit Financing for continued operations.  On the Effective Date,
the Reorganized Debtors and UMB will execute the Exit Financing
Documents.  The Exit Financing documents will be filed as Plan
Documents or otherwise attached as Exhibits to the Plan.

A full-text copy of the Disclosure Statement dated June 23, 2020,
is available at https://tinyurl.com/y7dnmrpb from PacerMonitor at
no charge.

Proposed Counsel for the Debtors:

         Marcus A. Helt
         Paul V. Storm
         C. Ashley Ellis
         Emily F. Shanks
         FOLEY & LARDNER LLP
         2021 McKinney Avenue, Suite 1600
         Dallas, TX 75201
         Telephone: 214.999.3000
         Facsimile: 214.999.4667

                  About Diamondback Industries

Diamondback Industries -- https://diamondbackindustries.com/ -- is
an ISO 9001 registered company that manufactures tools and
ballistics equipment including eliminators, igniters, and power
charges.

On April 21, 2020, Diamondback Industries and its affiliates sought
Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 20-41504).
Judge Edward L. Morris presides over the cases.  Diamondback was
estimated to have $10 million in assets and $10 million to $50
million in liabilities.

The Debtors tapped Haynes and Boone, LLP as counsel and CR3
Partners, LLC as financial advisor.  Stretto is the claims agent,
maintaining the page https://cases.stretto.com/diamondback/


DIOCESE OF SYRACUSE: Filing Will Ensure Just Treatment of Victims
-----------------------------------------------------------------
The Catholic Universe reports that the US Diocese of Syracuse has
filed for reorganization under Chapter 11 of the US Bankruptcy
Code, citing the financial implications of more than 100 lawsuits
alleging past child sexual abuse as well as the economic impact of
the coronavirus pandemic.

'From the start of my ministry among you, it has been my intent to
make reparation to all of the victims of sexual abuse for acts
perpetrated against them by clergy, employees or volunteers of the
Diocese of Syracuse,' Bishop Douglas J. Lucia wrote in a recent
letter to the faithful.

'However, the growing number of CVA (Child Victims Act) lawsuits
against the diocese,' he wrote, 'presents a risk that those
claimants who filed suits first or pursued their claims more
aggressively would receive a much greater portion of the funds
available to pay victims, leaving other claimants (potentially,
even some who have suffered more) with little or nothing.

'In order to ensure that victim claims are treated justly and
equitably, I feel it is necessary to enter into Chapter 11 where
available funds will be allocated fairly among all victims in
accordance with the harm each suffered.'

Filing for Chapter 11 is a voluntary action taken by an entity to
reorganise financially with the goals of being able to respond to
financial claims and to emerge with its operations intact, the
diocese explained in an FAQ; this filing also immediately stops all
efforts at debt collection and legal actions against the entity.

Only the corporation of the Roman Catholic Diocese of Syracuse is
filing Chapter 11, the FAQ notes. Diocesan parishes; the
Foundation, including the HOPE Appeal; Catholic Charities; Catholic
schools; the Syracuse Diocesan Investment Fund; the Catholic Sun;
and all other separately incorporated funds and entities associated
with the diocese are not directly involved in the proceedings.

The Diocese of Syracuse filed its petition with the US Bankruptcy
Court for the Northern District of New York early in the morning of
19th June, and representatives appeared for a hearing before Chief
Judge Margaret Cangilos-Ruiz at 9.30am.

Bishop Lucia was accompanied by Danielle Cummings, chancellor and
director of communications; Stephen Breen, chief financial officer;
and Stephen Donato, Charles Sullivan, and Stephen Helmer, attorneys
representing the diocese.
According to its petition, the Diocese of Syracuse has 100 to 199
creditors, estimated assets of $10,000,001 to $50 million, and
estimated liabilities of $50,000,001 to $100 million. Its list of
creditors with the 20 largest unsecured claims includes 19
individuals (whose names are redacted) with claims identified as
Child Victims Act lawsuits; each claim is estimated at $100,000.

The Diocese of Syracuse is the third diocese in New York to file
for Chapter 11 since the 2019 Child Victims Act opened a one-year
'look-back' window allowing claims of child sexual abuse previously
beyond the statute of limitations to be filed.

The Diocese of Rochester filed its Chapter 11 petition on 12th
September 2019, and the Diocese of Buffalo filed n 28th February
2020. The Diocese of Syracuse is the 24th US diocese (following six
archdioceses and 17 dioceses) to file for Chapter 11 since 2004.
Many of them have since emerged from bankruptcy.

A day after the window opened, 19 suits had been filed against the
diocese; by 12th September, 23 had been filed. At that time, the
diocese said it did not anticipate pursuing reorganisation under
Chapter 11 and would continue to evaluate options as the year
progressed.

As of the bishop's 19th June letter, however, 'the diocese has over
100 lawsuits pending against it. This number could grow, especially
in view of the fact that the CVA window is expected to be
extended'.

The claims brought under the long-back claims law are separate from
those settled through the diocese’s 2018 voluntary Independent
Reconciliation and Compensation Program.

The majority of the claims filed against the diocese under the CVA
'involve victims previously unknown to the diocese', the diocese's
FAQ said, and 'all claims of abuse are decades old, dating back
from 1950 to the early 1990s', Bishop Lucia wrote.

Bishop Lucia's letter noted that filing for reorganisation 'will
require the diocese to be under court supervision in its Chapter 11
case for many months'.

Working with its attorneys, the diocese will create a
reorganisation plan ‘detailing how its available assets will be
used to pay claims and negotiate reasonable settlements’.

As part of that plan, 'the diocese intends to create a fund with a
pool of money from both diocesan funds and money from insurance
carriers'; any restricted donations – including those to the
annual HOPE Appeal and the Cathedral Restoration Fund – will not
be used to pay legal settlements, according to the FAQ.

While there is no set schedule for the reorganisation, the diocese
said its 'hope is to bring this to a conclusion as soon as
possible'.

The bishop concluded his letter with an apology and a request for
prayer and action.

'It is my hope that during this process of reorganisation and
following its completion, we will continue to pray for the healing
of those who had been harmed during this very dark chapter of the
Church,' Bishop Lucia said.

'As your bishop, I must again apologise for these heinous acts and
ask you all to join me in our diocesan commitment that these acts
will never take place again,' he said. 'In this matter, we place
ourselves under the loving care of the Sacred Heart of Jesus
praying that He will make our hearts more like His through this
time of purification and reparation.'

                   About Diocese of Syracuse

The Roman Catholic Diocese of Syracuse, New York --
http://www.syracusediocese.org/-- 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.

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.


DLR EXPRESS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: DLR Express, Inc.
        14050 Cherry Avenue, Suite R-15
        Fontana, CA 92337

Chapter 11 Petition Date: August 1, 2020

Court: United States Bankruptcy Court
       Central District of California

Case No.: 20-15258

Judge: Hon. Scott H. Yun

Debtor's Counsel: Michael Jay Berger, Esq.
                  LAW OFFICE OF MICHAEL JAY BERGER
                  9454 Wilshire Boulevard, 6th Floor
                  Beverly Hills, CA 90212
                  Tel: (310) 271-6223
                  E-mail: michael.berger@bankruptcypower.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Fatima Del Carmen De La Rosa,
president.

A copy of the petition containing, among other items, a list of the
Debtors 20 largest unsecured creditors is available for free at
PacerMonitor.com at:

                         https://is.gd/DMsxn2


DURAMEX INC: Seeks to Hire Groce Law as Accountant
--------------------------------------------------
Duramex, Inc., and its debtor-affiliates seek authority from the
United States Bankruptcy Court for the Eastern District of Texas to
hire Groce Law Firm, Ltd., as its accountant.

Duramex, Inc. requires Groce Law to:

     a. analyze the Debtor's financial position, assets, and
liabilities;

     b. prepare the 2019 tax returns for each of the Debtors;

     c. assist with an audit initiated by the Internal Revenue
Service respecting Duramex, Inc.; and

     d. assist in such other accounting and financial matters as
may be mutually agreed upon between Debtor and the accountant in
connection with this chapter 11 bankruptcy case.

Groce Law's will be compensated as follows:

     a. Groce Law has already completed the tax returns for 2019
for all entities.  Further, Groce Law has been paid
for those services, not knowing of the pending bankruptcy cases.
Groce Law is requesting that it be allowed to retain the
compensation it received for the services rendered.  The
compensation for those services is as follows:

     Duramex, Inc.     $3,870
     Super SAL 2, LLC    $1,600
     Super SAL 3, LLC    $1,450
     Super SAL 5, LLC    $1,250

     b. Groce Law was retained to provide services in connection
with a 2014 tax audit of Duramex, Inc.  The retainer was invoiced
on May 7, 2020.  The audit work is substantially completed, again
not know of the pending bankruptcy cases. The compensation received
for those services was $6,000.

Groce Law does not hold or represent any material interest adverse
to the Debtors or their bankruptcy estates; and  is a
"disinterested person" as that term is defined in section 101(14)
of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     J. David Groce
     Groce Law Firm
     1060 W Pipeline Rd # 110
     Hurst, TX 76053
     Phone: +1 817-284-4747

               About Duramex, Inc.

Duramex, Inc. and its subsidiaries own and operate grocery stores.

Duramex, Inc. and its subsidiaries filed voluntary petitions under
Chapter 11 of the United States Bankruptcy Code (Bankr. E.D. Tex.
Lead Case No. 20-40556) on Feb. 24, 2020. The petitions were signed
by Fernando Soto, president. At the time of filing, Duramex
estimated $100,000 to $500,000 in assets and $1 million to $10
million in liabilities.

The case is assigned to Judge Brends T. Rhoades.

The Debtors are represented by Robert DeMarco, Esq. at DEMARCO
MITCHELL, PLLC.


E&D ENTERPRISES: Seeks Approval to Hire Villa & White as Counsel
----------------------------------------------------------------
E&D Enterprises LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Texas to employ Villa & White, LLP as
its legal counsel.

Villa & White will render the following services:

     (a) advise Debtor relative to its operations and the overall
administration of its Chapter 11 case;

     (b) represent Debtor at court hearings and communicate with
its creditors regarding the matters heard and the issues raised, as
well as the decisions and considerations of the court;

     (c) prepare or review court documents filed and to be filed
with the court by Debtor or other parties;

     (d) coordinate the dissemination of information prepared by
and received from Debtor and its bankruptcy professionals, as well
as information from other bankruptcy professionals engaged by any
official committee;

     (e) confer with the bankruptcy professionals employed by any
official committee;

     (f) assist Debtor in negotiations concerning the terms and
conditions of its  plan of reorganization and disclosure
statement;

     (g) assist Debtor in negotiations regarding the terms,
conditions and security for credit, if any, during its Chapter 11
case; and

     (h) conduct examination of witnesses in order to analyze and
determine whether Debtor has made any avoidable transfers of its
property, whether causes of action exist on behalf of Debtor's
estate, among other things.

The firm's services will be provided mainly by Morris White III,
Esq., a partner at Villa & White, who will be paid at the rate of
$350 per hour.

Villa & White is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:
   
     Morris E. "Trey" White III, Esq.
     Villa & White LLP
     1100 NW Loop 410 #802
     San Antonio, TX 78213
     Telephone: (210) 225-4500
     Facsimile: (210) 212-4649
     Email: treywhite@villawhite.com

                       About E&D Enterprises

E&D Enterprises LLC, a San Antonio, Texas-based limited liability
company that provides support activities for the transportation
industry, filed a voluntary petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Tex. Case No. 20-51270) on July
10, 2020.  At the time of the filing, Debtor disclosed estimated
assets of $1 million to $10 million and estimated liabilities of
the same range.  Judge Craig A Gargotta oversees the case.  Villa &
White, LLP serves as Debtor's legal counsel.


EDGEMARC ENERGY: Joint Liquidating Plan Confirmed by Judge
----------------------------------------------------------
Judge John T. Dorsey has entered findings of fact, conclusions of
law, and order approving the Disclosure Statement and confirming
the Joint Plan of Liquidation of Edgemarc Energy Holdings, LLC and
its Affiliated Debtors.

The Plan provides adequate and proper means for the implementation
of the Plan, including, without limitation, (i) the creation of the
Liquidation Trust, (ii) appointment of the Liquidation Trustee; and
(iii) the procedures for making distributions to holders of Allowed
Claims and Interests. Accordingly, the Plan satisfies Bankruptcy
Code section 1123(a)(5).

The Debtors have proposed the Plan, including all documents
necessary to effectuate the Plan, in good faith and not by any
means forbidden by law, thereby satisfying the requirements of
Bankruptcy Code section 1129(a)(3). The Debtors’ good faith is
evident from the facts and record of these Chapter 11 Cases, the
Disclosure Statement, and the record of the Confirmation Hearing
and other proceedings held in these Chapter 11 Cases.

The Plan was proposed with the legitimate and honest purpose of
maximizing the value of the Debtors’ Estates and to maximize
distributions to all Creditors and Interest holders. Further, the
Plan’s classification, indemnification, exculpation, release, and
injunction provisions have been negotiated in good faith and at
arms’ length, are consistent with Bankruptcy Code sections 105,
1122, 1123(b)(3)(A), 1123(b)(6), 1129, and 1142, and are integral
to the Plan and supported by valuable consideration.

A copy of the order dated June 23, 2020, is available at
https://tinyurl.com/yac6vao3 from PacerMonitor.com at no charge.

                      About EdgeMarc Energy

EdgeMarc Energy Holdings, LLC -- http://www.edgemarcenergy.com/
--is a locally based natural gas exploration and production company
headquartered in Canonsburg, Pa.  It is engaged in the acquisition,
production, exploration and development of natural gas and natural
gas liquids from underground deposits in the Appalachian Basin.
EdgeMarc Energy conducts its drilling and exploration activities in
the "stacked" liquid-rich Marcellus shale in Pennsylvania and dry
gas Utica shale in Ohio.

EdgeMarc Energy and its 8 affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 19-11104) on May 15, 2019.

EdgeMarc Energy was estimated to have assets of $100 million to
$500 million and liabilities of the same range as of the bankruptcy
filing.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Landis Rath & Cobb LLP as counsel; Davis Polk &
Wardwell LLP as corporate counsel; Evercore Partners as investment
banker; Oportune LLC and Dacarba LLC as financial advisor; and
Prime Clerk LLC as claims agent.  


EDUCATION MANAGEMENT: Sues Ex-Execs for Fraud
---------------------------------------------
Law360 reports that the Chapter 7 trustee of Education Management
Corp., the operator of a chain of for-profit schools that collapsed
amid allegations of fraud and predatory lending, has sued the
corporation's former officers in Delaware bankruptcy court seeking
more than $200 million in damages.

George L. Miller, trustee for the bankruptcy estate of EDMC and
affiliated entities, asserted various claims in an adversary suit
filed against 10 of the organization's former officers, including
for breaches of fiduciary duty, fraud, civil conspiracy, corporate
waste and unjust enrichment. "This adversary proceeding arises from
the demise of the EDMC companies.
          
                  About Education Management Corp.

Education Management Corporation provided satellite television
services and offers a variety of consumer and business related
satellite television services throughout the United States.

Education Management Corp. and 56 related entities sought Chapter 7
protection on June 29, 2018.  The lead case is In re The Art
Institute of Philadelphia LLC (Bankr. D. Del. Lead Case No.
18-bk-11535).

The Hon. Laurie Selber Silverstein is the case judge.

The Debtors' counsel:

        Evelyn J. Meltzer
        Pepper Hamilton LLP
        Tel: 302-777-6565
        E-mail: meltzere@pepperlaw.com

The Trustee appointed in the cases:

        George L. Miller
        1628 John F. Kennedy Blvd. Suite 950
        Philadelphia, PA 19103



ELANCO ANIMAL: Fitch Affirms BB+ Issuer Default Rating, Outlook Neg
-------------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Ratings of Elanco
Animal Health Incorporated and Elanco US Inc. at 'BB+'. Fitch has
also assigned final 'BBB-' ratings to the company's senior secured
debt priced in 1Q20 and affirmed its existing senior unsecured debt
at 'BB+' ahead of the anticipated closing of the Bayer transaction.
The ratings have been removed Rating Watch Negative and assigned a
Negative Outlook.

The affirmation reflects Fitch's view that the Bayer transaction
bolsters Elanco's already strong competitive position with no
material change to the issuer's medium-to-long term credit profile.
The Negative Outlook reflects Fitch's view that while the issuer
should be able to reduce leverage back to levels commensurate with
the 'BB+' rating around 24 months after the closing, it is not
without execution risk that is exacerbated by the coronavirus
pandemic.

KEY RATING DRIVERS

Competitive Position in Animal Health: ELAN is one of the largest
companies in the animal health industry with a global footprint and
portfolio that spans the feed animal and companion animal segments.
Fitch expects the animal health category will benefit from
long-term demand growth with the feed animal segment supported by
population growth and increasing global protein consumption and the
companion animal segment supported by growing consumer
expenditures.

Further, Fitch expects revenues to be fairly durable relative to
broader corporate industrial companies given that ELAN's products
benefit from some level of differentiation and patent exclusivity.
ELAN is also expected to benefit from durable revenues relative to
pharmaceutical companies given its more fragmented and notably
private-pay customer base.

Fitch views ELAN's scale and portfolio reach as a competitive
advantage allowing it to serve a global customer base with its
intellectual property and to buffer against the consolidation of
its end customers (e.g. roll-ups of protein producers and
veterinary practices and growth of group purchasing
organizations).

Strategic Combination Improves Business Profile: The combination
will create a more competitive company with greater product
diversification, reduced reliance on antibiotics and scale benefits
such as an improved competitive position relative to Zoetis Inc.,
stronger relative bargaining power with suppliers and customers
(e.g. group purchasing organizations) and more products to sell
through its sales and marketing infrastructure. Further, Fitch
expects the combined organization's R&D pipeline will benefit from
their combined intellectual property and FCF, which will allow for
greater investment on an absolute basis.

Strengthened Companion Animal Segment: The Companion Animal segment
will approximately double with ELAN acquiring a few key product
lines (e.g. Seresto). The acquisition accelerates ELAN's focus on
growing the segment which has favorable fundamentals and reduces
its reliance on the food animal segment, which has been pressured
by a variety of headwinds in recent years (e.g. headwinds to
antibiotic volumes, swine flu). The acquisition will further
improve Elanco's retail presence, a growing channel in the CA
market.

Leverage Forestalls Investment Grade Progress: Fitch expects
leverage will exceed the 3-3.5x range considered consistent with
the 'BB+' rating in 2020 and 2021 (i.e. months 1-17 after the
closing) and return to levels consistent with the rating in 2022
(i.e. months 18-29) at 3.5x. Delevering is expected to come from
both EBITDA growth via normalization of some 2020 headwinds (e.g.
distributor inventory destocking, coronavirus-related supply chain
issues in the feed animal segment) and margin expansion via cost
synergies resulting from this acquisition and the previously
established margin expansion efforts along with both contractual
and assumed voluntary debt repayment.

Fitch would not have the same confidence in the affirmation were
the improvement in leverage to be based on revenue synergies rather
than cost synergies, were the timeline materially longer, were the
issuer to be less specific about its financial policy than it has
been and were the issuer to have a mixed track record in executing
on credit objectives. The issuer's reiteration of its rating
aspirations in the public announcement and track record delivering
on its commitments support Fitch's confidence in the long-term
credit profile. Prior to the announcement, the issuer was
outperforming Fitch's expectations in terms of margin expansion and
was meeting Fitch's expectations in terms of debt repayment towards
an investment grade rating.

Coronavirus and Issuer Specific Headwinds in 2020: Fitch's
forecasted EBITDA for 2020 ($600 million - $700 million) and 2021
($1.2 billion) is approximately 25% and 10% lower, respectively
than that assumed when the issuer was in the debt capital markets
in early 2020 before the coronavirus pandemic fall out accelerated.
As a result, Fitch now expects leverage to be closer to 3.5x in
2022 than the low-3x levels in the previous forecast assuming a
similar amount of debt repayment.

The deterioration is attributable to three primary factors. First,
Fitch has assumed feed animal volumes decline meaningfully in 2Q20
and 3Q20 as a result of their customers' significant challenges
(i.e. ability to safely operate processing facilities and retooling
packaging/distribution toward more retail consumers). Fitch assumes
the feed animal supply chain's demand will not fully normalize
until the pandemic is controlled and revenues do not return to 2019
levels until 2022.

Second, the reduction in the number of distributors that ELAN works
with will reduce 2Q20 revenues by $100 million as they sell down
remaining inventory. Fitch assumes the issuer-specific CA headwinds
will subside in late 2020 and revenues will rebound back to 2019
levels in 2021 and deliver mid-single digit revenue growth
thereafter. Third, the transaction will close later than the
mid-year convention Fitch originally assumed thus contributing less
to revenues and EBITDA in the calendar year.

Debt Notching: Fitch does not employ a waterfall recovery analysis
for issuers rated 'BB+'. The further up the speculative-grade
continuum a rating moves, the more compressed the notching between
the specific classes of issuances becomes. As such, Fitch rates the
senior secured credit facility 'BBB-'/'RR1', one notch above the
IDR. This rating illustrates Fitch's expectation for superior
recovery prospects in the event of default.

ELAN's senior unsecured debt ratings are unaffected from the
secured debt issuance. The +0 notching from the IDR reflected the
potential for being subordinated to secured debt thus the secured
debt issuances did not further subordinate the unsecured notes but
instead was a realization of the assumption implicit in the
original notching.

Fitch's Corporates Notching and Recovery Ratings Criteria notes
that in jurisdictions and sectors where evidenced enterprise values
are higher than average, for example for a given region the
sector's multiple is 6.0x and where the total leverage of the
issuer is 6.0x to 8.0x, analysis would indicate that prior-ranking
debt of 4.0x to 4.5x EBITDA impairs unsecured debt recovery
estimates to the point that it can be notched down from the IDR.
ELAN's secured leverage ($5.025 billion assuming a fully drawn RCF)
may initially be in this range, in part due to the effects of the
coronavirus but should decline upon the above-mentioned reduction
in leverage.

DERIVATION SUMMARY

ELAN has a competitive position within the global animal health
segment with a large, global footprint and scale that affords it
competitive advantages relating to procurement, manufacturing, R&D,
distribution and to buffer against the effects of customer
consolidation. Compared to pharmaceutical peers that focus on
humans, ELAN's portfolio benefits from no reimbursement risk.
However, its antibiotic segment continues to face material
headwinds from regulatory interventions and end-consumer
preferences. ELAN's closest peer is Zoetis, Inc., which has a
broader portfolio and has already achieved its debt reduction and
margin expansion goals.

The Negative Outlook reflects that acquisition of Bayer AG's animal
health segment will cause leverage to increase significantly, add
execution risk and delay the timeline for the issuer achieving its
financial policies/debt structure. ELAN's current 'BB+' IDR is
largely a function of the execution risk surrounding its revenue
growth and margin expansion necessary to achieve its long-term
financial policies. If achieved, the business profile, financial
profile and unsecured borrowing strategy were expected to be
consistent with a 'BBB-' Long-Term IDR.

Fitch has applied its Parent and Rating Subsidiary linkage criteria
assuming that the operating subsidiaries that own the assets and
generate the net operating income are stronger than the parent
entity, which owns and controls them and is the debt issuing
entity. The linkage reflects strong legal and operational ties.

KEY ASSUMPTIONS

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

  -- Revenues (adjusted for the timing effects of the acquisition)
decline 5% to 10% in 2020, returning to 2019 levels in 2021 and
grow in the low-to-mid single digits thereafter. The primary
headwinds causing the decline are both issuer-specific (e.g.
distributor destocking) and coronavirus-related (e.g. feed animal
supply chain disruptions).

  -- Operating EBITDA margins decline 150bps in 2020 versus 2019,
return to 2019 levels in 2021 including the benefit of cost synergy
realization. Fitch assumes ELAN will realize $100 million of
synergies in 2021 and $200 million in 2022, which is generally
consistent with the realization of two-thirds of the $275 million
to $300 million that the issuer has publicly guided to within 30
months of closing.

  -- Non-recurring cash costs of $700 million through 2022 related
to the transaction expenses and costs to realize synergies.

  -- ELAN repays the $500 million of senior unsecured notes due
2021 and repays $800 million to $850 million of the term loan in
2022, including required amortization.

  -- The issuer does not initiate a dividend nor engage in material
M&A until it achieves its deleveraging target.

RATING SENSITIVITIES

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

  -- Successful execution of growth and productivity initiatives
manifesting in revenues and margins consistent with management's
forecast;

  -- Fitch's expectation of leverage (gross debt to operating
EBITDA) sustaining below 3.5x could result in revision of the
Negative Outlook, and leverage sustaining below 3x could result in
an upgrade;

  -- Fitch's expectation of free cash flow to gross debt sustaining
above 10%;

  -- Continued improvements in ELAN's scale and relative
competitive position.

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

  -- Fitch's expectation of leverage sustaining above 3.5x due, in
part, to weaker or slower recovery in EBITDA or synergy realization
without additional debt repayment;

  -- Continued erosion in antibiotic demand without sufficient
offsets.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.

LIQUIDITY AND DEBT STRUCTURE

Transition to Secured Capital Structure: Upon completion of the
acquisition and pro forma for the repayment / termination of the
unsecured revolving credit facility and term loan, ELAN will be
principally a secured debt borrower with a $750 million secured
revolving credit facility and $4.3 billion secured term loan B. The
$2 billion of senior unsecured debt issued in 2018 remains
outstanding.

Sufficient Liquidity: Fitch expects ELAN will have sufficient
liquidity to manage through the current operating headwinds and
upcoming debt maturities. Upon closing, ELAN will have $750 million
of availability under its senior secured revolving credit facility.
Fitch forecasts FCF will remain positive in 2020 and normalize
above $500 million per year beginning in 2021 which provides it
significant flexibility to repay the $500 million of senior
unsecured notes due 2021 and $750 million of notes due 2023.

SUMMARY OF FINANCIAL ADJUSTMENTS

No material adjustments were made that are not disclosed in Fitch's
rating criteria. Fitch has adjusted for stock-based compensation
and expenses that are presumed to be non-recurring.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

ELAN has an ESG Relevance Score of 4 for Customer Welfare - Fair
Messaging, Privacy & Data Security due to regulatory interventions
and end-consumer preferences away from the use of antibiotics in
feed for animals which has a negative impact on the credit profile,
and is relevant to the rating in conjunction with other factors.

Except for the matters discussed, the highest level of ESG credit
relevance, if present, is a score of 3. This means ESG issues are
credit neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.


EXIDE TECHNOLOGIES: US Trustee Says Ch. 11 Exec. Bonus Too Easy
---------------------------------------------------------------
Law360 reports that the Office of the U.S. Trustee has told the
Delaware bankruptcy court that Exide Technologies LLC's Chapter 11
proposal to award at least roughly $1 million in bonuses to three
executives includes benchmark triggers that are too easy to
achieve.

In an objection filed June 22, 2020 with U.S. Bankruptcy Judge
Christopher S. Sontchi, the U.S. Trustee asserted that the court
should reject the battery maker and recycler's proposed key
employee incentive plan because it would pay bonuses to executives
based, in part, on a sale price already offered.

                     About Exide Technologies

Headquartered in Milton, Ga., Exide Technologies (NASDAQ: XIDE) --
http://www.exide.com/-- manufactures and distributes lead acid
batteries and other related electrical energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002, and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones
LLP, represented the Debtors in their successful restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.
Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang Ziehl
& Jones LLP as counsel; Alvarez & Marsal as financial advisor;
Sitrick and Company Inc. as public relations consultant and GCG as
claims agent.  Schnader Harrison Segal & Lewis LLP was tapped as
special counsel.

The Official Committee of Unsecured Creditors was represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel. Zolfo Cooper, LLC served as its bankruptcy consultants
and financial advisors. Geosyntec Consultants was tapped as
environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur was appointed as fee
examiner.  He hired his own firm as counsel.

Exide said its Plan of Reorganization became effective on April 30,
2015, and that the Company emerged from Chapter 11 as a newly
reorganized company.  The Bankruptcy Court confirmed the Plan on
March 27, 2015.


FATSPI & SON: U.S. Trustee Objects to Plan & Disclosures
--------------------------------------------------------
The United States Trustee for Region 21 objects to the final
approval of the disclosure statement and confirmation of Plan of
Reorganization of Debtor Fatspi & Son, Inc.

The Debtor proposes to make a one-time lump sum distribution to
Class 5.  But according to the U.S. Trustee, the Debtor fails to
estimate the creditors who would be included in this class and/or
an estimate of the total claims to be paid.

The disclosure statement indicates that the Debtor has sought a
lien reduction against the City of West Palm Beach.  But
insufficient information regarding the status of this event is
provided.

The U.S. Trustee adds that the Debtor fails to provide information
regarding the residential leases such as the term of the leases
and/or whether the tenants are current.

The Plan provides for the Debtor to make a balloon payment to Class
1 in the 13th month post-confirmation.  The source of the funds
have not been disclosed.

The treatment of Classes 2, 3 and 4 refer to a potential sale of
the property.  Insufficient information regarding a sale is
provided, according to the U.S. Trustee.

A full-text copy of the U.S. Trustee's objection dated June 23,
2020, is available at https://tinyurl.com/y72vvj6x from
PacerMonitor at no charge.

                      About Fatspi & Son
  
Fatspi & Son Inc. filed a voluntary Chapter 7 petition (Bankr. S.D.
Fla. Case No. 19-26913) on Dec. 19, 2019.  On March 6, 2020, the
case was converted to one under Chapter 11.  Judge Mindy A. Mora
oversees the case.  White-Boyd Law, PA is Debtor's bankruptcy
Counsel.


FLEETWOOD ACQUISITION: Case Converted to Chapter 7 Liquidation
--------------------------------------------------------------
Alex Wolf, writing for Bloomberg Law, reports that the bankruptcy
judge converts the Chapter 11 bankruptcy case of Fleetwood
Acquisition Corp. to Chapter 7 to liquidate.

Fleetwood Acquisition Corp. convinced a bankruptcy judge to convert
its bankruptcy case to a Chapter 7 liquidation after the defunct
furnishings maker said it shouldn't languish in Chapter 11.

The approval by Judge Karen B. Owens of the U.S. Bankruptcy Court
for the District of Delawareputs what remains of the company's
estate in the hands of a court-appointed trustee.  Owens approved
the uncontested motion without a hearing.

The Pennsylvania-based company, which manufactures fixtures for
retail stores, filed for Chapter 11 in November, aiming to
streamline its operations. But the company began losing major
customers in the wake of coronavirus-related shutdowns.

              About Fleetwood Acquisition Corp.

Fleetwood Acquisition Corp. and its affiliates, Fleetwood
Industries Inc. and High Country Millwork Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 19-12330) on Nov. 4, 2019.

Fleetwood Industries and High Country Millwork --
http://www.fleetwoodfixtures.com/-- are providers of customized
fixtures and displays, with decades of experience serving a wide
variety of customers in the retail and hospitality industries.

At the time of the filing, Fleetwood Acquisition was estimated to
have assets of between $10 million and $50 million and liabilities
of between $50 million and $100 million.

The cased have been assigned to Judge Kevin Gross.

The Debtors tapped Bayard, P.A., as their legal counsel, and
Bankruptcy Management Solutions, Inc. as their claims and noticing
agent.



FORESIGHT ENERGY: Moody's Assigns B3 CFR, Outlook Positive
----------------------------------------------------------
Moody's Investors Service assigned Foresight Energy LLC a B3
Corporate Family Rating, B3-PD probability of default ratings, and
B3 ratings to the company's $225 million senior secured term loans.
Proceeds from the term loans funded the company's emergence from
bankruptcy. The rating outlook is positive.

"Foresight has reduced balance sheet debt by nearly 90%,
restructured unfavorable commercial agreements, and developed a
plan to ramp up production at the Hillsboro Mine," said Ben Nelson,
Moody's Vice President -- Senior Credit Officer and lead analyst
for Foresight Energy LLC.

Assignments:

Issuer: Foresight Energy LLC

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Senior Secured Term Loan A, Assigned B3 (LGD3)

Senior Secured Term Loan B, Assigned B3 (LGD3)

Outlook Actions:

Issuer: Foresight Energy LLC

Outlook, Assigned Positive

RATINGS RATIONALE

The B3 CFR is principally constrained by uncertainties related to
the company's emergence from bankruptcy, event risk related to the
company's ownership structure, and potential for consolidation in
the domestic coal industry characterized by overcapacity and steep
secular decline in demand in the 2020s. The company's asset base is
capable of supporting a rating at least two notches above the B3
CFR assuming it can achieve cash costs consistent with its plan and
maintains very low absolute debt levels. Foresight has two mines
with a demonstrated excellent cost position (Williamson, Sugar
Camp), one mine with a potential excellent cost position
(Hillsboro), and one idled mine (Macoupin).

Commercial arrangements with mining contractors, lessors of
reserves, railroads, port operators, and other counterparties have
been substantively restructured during the company's bankruptcy
process and no longer represent a material drag on earnings and
cash flow generation. Management's new contracting strategy should
help ensure cash netbacks at the mine level by eliminating
transportation-related risks in exchange for somewhat lower
pricing.

However, with the company emerging from bankruptcy after an
extended period of operating in a cash-constrained environment and
still ramping up the Hillsboro Mine after multiple operating
incidents over the past several years, Moody's will be very focused
on the company's ability to operate consistently at expected cash
costs and expected maintenance capital spending levels. Emphasis
will be placed on the consistency of the company's commercial and
financial strategies.

Moody's understands that Foresight has emerged from bankruptcy in a
much stronger financial position. Moody's anticipates that
Foresight will be able to sell at least 18-19 million tons of coal
on an annual basis, achieve very competitive cash costs, and
generate EBITDA of at least $5/ton in 2021 and $6/ton in 2022.
Foresight has contracted 14.5 million tons in 2021 and 10.5 million
tons in 2022.

Its forecast also assumes that a tranche of the company's senior
secured term loans will convert to equity, as planned, 60 days
after the company's emergence from bankruptcy which occured on June
30th, 2020, and thereby reduce debt to $150 million from an initial
level of $225 million. Moody's expects that the company will
maintain adjusted financial leverage in the range of 1.0x-2.0x
(Debt/EBITDA) and generate positive free cash flow on an annual
basis.

Foresight has adequate liquidity to support operations in the
near-term. Management expects more than $70 million of cash on a
pro forma basis for the new structure (6/30/2020). Foresight is
expected to generate positive free cash flow in the second half of
2020 and 2021. The proposed senior secured credit facilities do not
have financial maintenance covenants and will not include access to
revolving credit. The company will have no near-term debt
maturities and its credit agreement includes a provision that would
allow it to establish a revolving credit facility in the future.

Environmental, social, and governance factors are important factors
influencing Foresight's credit quality. The company is exposed to
ESG issues typical for a company in the coal mining industry,
including increasing global demand for renewable energy that is
detrimental to demand for coal, especially in the United States and
Western Europe.

From an environmental perspective the coal mining sector is also
viewed as:

(i) very high risk for air pollution and carbon regulations;

(ii) high risk for soil and water pollution, land use restrictions,
and natural and man-made hazards; and

(iii) moderate risk for water shortages. Social issues include
specific health risks, such as black lung disease, and typical
safety issues associated with mining.

Governance issues include financial policy challenges associated
with ownership by numerous pre-petition creditors, strong
likelihood that Foresight will return capital in the near-to-medium
term, and limited opportunity to pursue a public offering in part
due to ESG-related factors. Taken together, Foresight has less
significant environmental and social risks compared to most rated
coal companies and more significant governance-related risks.

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

The positive outlook reflects expectations for positive free cash
flow over the next 12-18 months. Moody's could upgrade the rating
if the company is able to obtain commercial agreements for the
majority of its expected production 2021, achieve very competitive
cash costs, and generate positive free cash flow for a few
quarters. Conversely, Moody's could downgrade the rating with
expectations for adjusted financial leverage above 3.0x
(Debt/EBITDA), negative free cash flow generation, or substantive
deterioration in liquidity.

Foresight Energy LLC is a privately-owned coal producer with four
longwall mines and more than 2 billion tons of coal reserves in the
Illinois Basin. The company is owned by pre-petition creditors
following emergence from bankruptcy. Foresight generated
approximately $834 million in coal sales revenue and $185 million
in EBITDA in 2019.


FORESIGHT ENERGY: Obtains Court Confirmation for Ch 11 Plan
-----------------------------------------------------------
Law360 reports that Foresight Energy LP, an affiliate of bankrupt
coal mining giant Murray Energy, won confirmation in Missouri
bankruptcy court June 24, 2020, of its Chapter 11 reorganization
plan, which includes a reduction of its more than $1 billion in
debt.

U.S. Bankruptcy Judge Kathy A. Surratt-States greenlit the plan,
which, according to Foresight, will reduce its existing debt of
more than $1 billion and eliminate about $94 million of its
anticipated annual cash interest payments. It will also reduce
annual cash flow expenses through modified contract terms with key
logistics, mineral interest and vendor counterparties, the company
said.

                  About Foresight Energy LP

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.


FOX VALLEY PRO: Trade Claimants to Get 75% to 100% in Plan
----------------------------------------------------------
Fox Valley Pro Basketball, Inc., filed with the U.S. Bankruptcy
Court for the Eastern District of Wisconsin a Plan of
Reorganization and a Disclosure Statement on June 23, 2020.

The Debtor had expected to have a solid commitment on TIF Financing
that would be used to fund payments to Creditors on the Effective
Date by April 29, 2020, the date of the original hearing on the
Disclosure Statement. However, the COVID-19 Pandemic stopped all
efforts. Financial institutions were not interested in March or
April in actively finalizing discussions, given that the Debtor had
to suspend operations. The Debtor has been able to obtain Letter of
Intent for TIF Financing. The financing is being provided by Two
Willows.  It is already a creditor in the case and is owed $1.6
million on its prepetition unsecured claim and $70,000 on the line
of credit that it provided after the Petition Date.

There is no guaranty that the TIF Financing will occur.  The Debtor
must meet each condition of the Letter of Intent.  At the hearing
to consider confirmation of the Plan, the Debtor will be required
to show that the Plan is feasible, meaning that the Debtor will
likely be able to perform as required by the Plan.  If the Debtor
is unable to show the Plan is feasible, the Court will not confirm
the Plan the Debtor's reorganization efforts will likely fail and
Bayland will receive all assets, except the TIF Agreements.

Allowed Unsecured Claims – Trade (Convenience; less than $1,000)
will be paid 75% of the Allowed Claim on the Effective Date without
interest.  Creditors have the option to be treated and paid 100% of
the claims as Class 4 Claims if they affirmatively elect to do so.
The Debtor estimates that the total amount for all Class 2
Creditors will be $16,383.

Allowed Unsecured Claims – Trade (Large Claims; more than $1,000)
in Class 4 will receive 100% of their allowed claims.  The class
will receive a payment of $60,000 on the Effective Date that
creditors will share on a pro rata basis, for a 7% dividend.  The
balance of the Allowed Clams will be paid in equal monthly
installments without interest over 60 months.  Any Creditor in
Class 4 can elect to reduce its Allowed Claim to $1,000 and receive
75% of the Claim, or $750 in full satisfaction of the Claim.  The
Debtor estimates that the total amount for all Class 4 Creditors
will be $834,751.

With respect to allowed Unsecured Non-Trade Claims (Allowed
Unsecured Claims of Investors, Insiders and Creditors with Claims
of more than $500,000) in Class 5:

   * The claimants will receive a note for 20% of the Allowed Claim
paid quarterly with 3% interest over 15 years after the Effective
Date beginning on April 15, 2021. Provided however, that any
quarterly payment may be deferred until after the last payment is
due if the gross income for the two quarters before a quarterly
payment averages less than $3 million. The Reorganized Debtor’s
board of directors may determine that a deferred installment may be
made sooner.

   * The other 80% of the remaining Allowed Claim shall be
converted into a new Class B Common Stock. The Class B Common Stock
shall be issued on a Pro Rata Basis and collectively have a vote
equal to 10% of the total stock votes of the Reorganized Company.
The Class B Common Stock may elect one of the four directors on the
board of directors for the Reorganized Debtor.  The Class B Common
Stock shall share on a Pro Rata Basis of 37.5% of the "Reorganized
Debtor's Net Profits."  The Reorganized Debtor may redeem all or a
portion of the Class B Common Stock that must be made on a
contemporaneous basis with all Class B Stock by paying the amount
converted to the Class B Common Stock plus 6% from the Effective
Date.  The redemption right is void after eight years from the
Effective Date.  If all the Class B Common Stock is redeemed, there
shall no longer be a director elected by the Class B Common Stock
and the rights of Class B Common Stock in the Reorganized Debtor's
Net Profits shall be allocated 73.33% to Class C Stock and 26.67%
to Class A Stock.  The Debtor estimates that the total Allowed
Claims in Class 5 are $12.8 million.

The Allowed Voting Common Stock Interests in the Debtor in Class 6
will be cancelled.  They will receive New Class A Stock on a Pro
Rata Basis equal to the same number of shares they held before the
Petition Date. The New Class A Stock shall collectively have voting
rights equal to 75% of the entire voting rights in the Reorganized
Debtor.  The holders of the New Class A Stock will receive 15% of
the Reorganized Debtor's Net Profits unless New Class B or C Stock
is redeemed in which case Class A Stock will receive a greater
share of the Reorganized Debtor's Net Profits.  The holders of the
New Class A Stock shall also be subject to a new shareholders'
agreement in substantially the same format as the one that existed
as of the Petition Date.

Allowed Non-Voting Common Stock Interests. The Allowed Non-Voting
Common Stock Interests in the Debtor in Class 7 shall be cancelled.
They shall receive New Class C Stock on a Pro Rata Basis so that
their interest represented by the New Class C Stock is equal to the
interest they held in the class of Non-Voting Common Stock
Interests before the Petition Date. The New Class C Stock shall
collectively have voting rights equal to 10% of the entire voting
rights in the Reorganized Debtor. The holders of the New Class A
Stock shall receive 10% of the Reorganized Debtor's Net Profits.

The cash to fund the Plan will come from (i) the Debtor’s
business operations and (ii) the net proceeds of the TIF Financing.
The Effective Date will occur on or after September 16, 2020 so
that payment under the Plan will begin in October 2020.

A full-text copy of the Disclosure Statement dated June 23, 2020,
is available at https://tinyurl.com/y7nbdmd7 from PacerMonitor at
no charge.

Attorneys for the Debtor:

         Jerome R. Kerkman
         Evan P. Schmit
         Kerkman & Dunn
         839 N. Jefferson St., Suite 400
         Milwaukee, Wisconsin 53202-3744
         Tel: 414.277.8200
         Fax: 414.277.0100
         E-mail: jkerkman@kerkmandunn.com

                   About Fox Valley Pro Basketball

Fox Valley Pro Basketball, Inc., is the owner of the Menominee
Nation Arena in Oshkosh, Wis.  The arena serves as the home of the
Wisconsin Herd of the NBA G League and the Wisconsin Glow women's
basketball team.

Fox Valley Pro Basketball sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Wis. Case No. 19-28025) on Aug. 19,
2019.  At the time of the filing, the Debtor was estimated to have
assets of between $10 million and $50 million and liabilities of
the same range.  The case is assigned to Judge Brett H. Ludwig.
Kerkman & Dunn is the Debtor's counsel.


FOXTROT SALON: Seeks to Hire Eric A. Liepins as Counsel
-------------------------------------------------------
FoxTrot Salon, LLC, seeks authority from the US Bankruptcy Court
for the Northern District of Texas to hire  Eric
A. Liepins and the law firm of Eric A. Liepins, P.C., as its
counsel.

FoxTrot Salon requires Eric A. Liepins to provide legal services
and represent the Debtor in the Chapter 11 proceedings.

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

     Attorneys               $275
     Paralegals           $30 to $50

Eric A. Liepins received from the Debtor a retainer in the amount
of $5,000, plus $1,717 filing fee.

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

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

Eric A. Liepins can be reached at:

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

                  About FoxTrot Salon, LLC

Based in Grapevine, Texas, FoxTrot Salon, LLC filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex.
Case No. 20-42319) on July 13, 2020, listing under $1 million in
both assets and liabilities. Eric A. Liepins, Esq. at Eric A.
Liepins, P.C. represents the Debtor as counsel.


FRONTIER COMMUNICATIONS: SEC Objects to Plan & Disclosure
---------------------------------------------------------
The U.S. Securities and Exchange Commission (“SEC” or
“Commission”), the federal agency responsible for enforcement
of the federal securities laws, objects to approval of the
Disclosure Statement and confirmation of the Chapter 11 Plan of
Frontier Communications Corporation and its affiliated debtors
dated May 14, 2020. In support of its limited objection, the
Commission respectfully states as follows:

* In the SEC’s view, the Releases here are not consensual because
the Plan deems consent to the Releases to be established based on
silence or a failure to opt out. In the SEC’s view, all creditors
and interest holders should be required to affirmatively opt-in to
the Releases in order to be bound by them.

* The Releases violate public policy by preventing investors from
pursuing legitimate claims against wrongdoers.

* The Court lacks jurisdiction to approve the Releases. The
bankruptcy court may lack both constitutional authority and
statutory jurisdiction to bind Frontier’s creditors and
shareholders under Section 1141, or any other bankruptcy provision,
to the Releases.

* The SEC requests that the Court deny approval of the Disclosure
Statement and confirmation of the Plan unless the Plan is amended.

A full-text copy of SEC's objection to plan and disclosure dated
June 21, 2020, is available at https://tinyurl.com/ya7xko8r from
PacerMonitor at no charge.

UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
Neal Jacobson
Trial Counsel
New York Regional Office
200 Vesey St., Suite 400
New York, New York 10281
Phone: (212) 336-1100

               About Frontier Communications

Frontier Communications Corporation (NASDAQ: FTR) offers a variety
of services to residential and business customers over its
fiber-optic and copper networks in 29 states, including video,
high-speed internet, advanced voice, and Frontier Secure digital
protection solutions.

Frontier Communications Corporation and 103 related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 20-22476) on
April 14, 2020. Judge Robert D. Drain oversees the cases.

The Debtors tapped Kirkland & Ellis LLP as legal counsel; Evercore
as financial advisor; and FTI Consulting, Inc., as restructuring
advisor.  Prime Clerk is the claims agent, maintaining the page
http://www.frontierrestructuring.com/and
https://cases.primeclerk.com/ftr

The U.S. Trustee for Region 2 appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.


FRONTIER COMMUNICATIONS: Utilities Object to Disclosure Motion
--------------------------------------------------------------
Southern California Edison Company and several other utility
companies object to the motion of Frontier Communications
Corporation and its affiliated debtors for entry of an order
approving the adequacy of the Disclosure Statement.

The Utilities complain that the Disclosure Statement does not make
any mention whatsoever of the foregoing unusual procedures
established by the Plan, explain how they differ from typical
procedures in chapter 11 reorganization plans and/or the
requirements of the Bankruptcy Code and the Bankruptcy Rules, or
why these atypical claims allowance and cure procedures are needed
or justified in this case.

According to the Utilities, the Disclosure Statement makes no
disclosures at all about the treatment of executory contracts, the
cure procedures for assumed contracts, or the claims allowance
process, all of which are important aspects of the Debtors' Plan
requiring explanation, particularly since they differ from
traditional chapter 11 procedures and alter fundamental rights of
the Debtors' contract counterparties established by the Bankruptcy
Code and Bankruptcy Rules.

The Plan's provisions regarding the filing of claims, the assertion
and resolution of disputed claims, and the assumption and cure of
executory contracts not only change the normal procedures required
by the Bankruptcy Code and the Federal Rules of Bankruptcy
Procedure, but fundamentally alter the burdens that apply to those
processes and result in substantial impairment and diminution of
the Utilities' and other contract creditors' rights thereunder.

The Utilities aver that with respect to executory contracts,
pursuant to the Plan, the Debtors get to dictate not only the
amount, but also the timing, of payment of applicable cure amounts
for assumed contracts according to the Debtors' ordinary course of
business.

Other utilities that signed the objection are CenterPoint Energy
Houston Electric, LLC, San Diego Gas and Electric Company,
Metropolitan Edison Company, Ohio Edison Company, The Potomac
Edison Company, Monongahela Power Company, Pennsylvania Electric
Company, The Toledo Edison Company, West Penn Power Company,
Niagara Mohawk Power Corporation, AEP-Texas Central Company,
Appalachian Power Company, Ohio Power Company, Indiana Michigan
Power Company, Public Service Company of Oklahoma, Southwestern
Electric Power Company, Wheeling Power Company, Yankee Gas Services
Company, The Connecticut Light and Power Company, New York State
Electric & Gas Corporation, Rochester Gas and Electric Corporation,
Southern Connecticut Gas Company, and The United Illuminating
Company.

A full-text copy of the Utility Companies' objection to disclosure
motion dated June 21, 2020, is available at
https://tinyurl.com/yc3oco8d from PacerMonitor at no charge.

Co-Counsel for the Utility Companies:

         CULLEN AND DYKMAN LLP
         Thomas R. Slome
         Michael Kwiatkowski
         100 Quentin Roosevelt Boulevard
         Garden City, New York 11530
         Telephone: (516) 296-9165
         Facsimile: (516) 357-3792
         E-mail: tslome@cullenllp.com
         E-mail: mkwiatkowski@cullenllp.com

               - and -

         Russell R. Johnson III
         John M. Craig
         Law Firm of Russell R. Johnson III, PLC
         2258 Wheatlands Drive
         Manakin-Sabot, Virginia 23103
         Tel: (804) 749-8861
         E-mail: russell@russelljohnsonlawfirm.com
                 john@russelljohnsonlawfirm.com

               About Frontier Communications

Frontier Communications Corporation (NASDAQ: FTR) offers a variety
of services to residential and business customers over its
fiber-optic and copper networks in 29 states, including video,
high-speed internet, advanced voice, and Frontier Secure digital
protection solutions.

Frontier Communications Corporation and 103 related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 20-22476) on
April 14, 2020. Judge Robert D. Drain oversees the cases.

Debtors tapped Kirkland & Ellis LLP as legal counsel; Evercore as
financial advisor; and FTI Consulting, Inc., as restructuring
advisor.  Prime Clerk is the claims agent, maintaining the page
http://www.frontierrestructuring.com/and
https://cases.primeclerk.com/ftr

The U.S. Trustee for Region 2 appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.


GABRIEL INVESTMENT: Michelle Maloney Objects to Disclosures
-----------------------------------------------------------
Michelle Maloney, a creditor, objects to Disclosure Statements
filed by Unsecured Creditors' Committee, debtors Gabriel Investment
Group, Inc., Don's & Ben's, Inc., Gabriel Holdings, LLC, SA
Discount Liquors, Inc. and Gabriel GP, Inc., and Inez Cindy
Gabriel.

Ms. Maloney claims that:

   * The Disclosure Statements in their present drafts fail to
adequately disclose or are deficient in their discussion of the
following matters. Further, the Disclosure Statements describe
Plans which appear to violate many basic requirements for
confirmation under Section 1129 of the Code.

   * The "liquidation analysis" of the Disclosure Statements for
each Plan fails to include a comprehensive schedule of the value of
the Debtors' assets, including Chapter 5 avoidance actions,
under-encumbered assets, and unencumbered assets.

   * The Disclosure Statement fails to identify or describe any
other potential claims and causes of action of the Debtors' estates
against a litany of individuals and entities to be released under
the Plan, the availability of insurance coverage for such potential
claims, and what, if any, specific review or investigation the
Debtors have conducted regarding potential claims to be released
under the Plans.

Ms. Maloney requests that the Court withhold approval of the
Disclosure Statement(s) pending further amendment and
supplementation by the plan proponents, and that Maloney be
provided an opportunity to review and object to any amendments or
supplements prior to the Court's approval.

A full-text copy of Maloney's objection to disclosure statements
dated June 23, 2020, is available at https://tinyurl.com/y8q8vw9e
from PacerMonitor at no charge.

Attorneys for Michelle Maloney:

        Thomas W. McKenzie
        Law Office of Thomas W. McKenzie
        10107 McAllister Frwy.
        San Antonio, Texas 78216
        Tel: (210) 541-8766
        E-mail: tmckenzie@tsslawyers.com

              - and -

        John W. Harris
        Law Office of John W. Harris
        P.O. Box 90076
        San Antonio, Texas 78209
        Tel: (210) 858-8550
        E-mail:: jwharris@johnwharrislaw.com

                About Gabriel Investment Group

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

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

Judge Ronald B. King oversees the cases.

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

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


GEAUX GRAMBLING: Seeks to Hire Sternberg Nacarri as Counsel
-----------------------------------------------------------
Geaux Grambling LLC and Legends Square, L.L.C. seek authority from
the US Bankruptcy Court for the Middle District of Louisiana to
employ Sternberg, Nacarri & White, LLC, as their counsel.

The Debtors wish to employ Ryan J. Richmond, Esq. of Sternberg,
Nacarri & White, LLC as attorneys under a general retainer to give
the Debtors legal advice with respect to their powers and duties as
a debtors-in-possession and to perform all legal services for the
Debtors which may be necessary.

On July 9, 2020 Sternberg Nacarri received in trust a retainer in
the amount of $23,434.

Sternberg Nacarri has agreed to an hourly rate of $325 for services
rendered by Mr. Richmond. Other attorneys bill between $175-325 per
hour, with staff and paralegals billing at $50 per hour.

Mr. Richmond assures the court that he and Sternberg Nacarri are
disinterested within the meaning of 11 U.S.C. Secs. 327(a).

The firm can be reached through:

     Ryan J. Richmond, Esq.
     STERNBERG, NACCARI & WHITE, LLC
     17732 Highland Road, Suite G-228
     Baton Rouge, LA 70810
     Tel. (225) 412-3667
     Fax (225) 286-3046
     Email: ryan@snw.law

                      About Geaux Grambling LLC

Geaux Grambling LLC sought protection under Chapter 11 of the
Bankruptcy Code ( Bankr. M.D. La. Case No. 20-10505) on July 13,
2020, listing under $1 million in both assets and liabilities. The
Debtor is represented by Ryan Richmond, Esq.


GEORGIA DIRECT: Hires Baumgartner Commercial as Real Estate Broker
------------------------------------------------------------------
Georgia Direct Carpet, Inc., and its debtor-affiliates, filed an
amended application seeking authority from the U.S. Bankruptcy
Court for the Southern District of Indiana to employ Baumgartner
Commercial, Inc. as its real estate broker.

Baumgartner Commercial will market and sell the three parcels of
real estate which are more accurately described as follows:

  -- 5200 East National Road in Wayne County, Richmond, Indiana
47374, and generally described as: +/- 11,520 SF commercial
building located on +/- 0.443 acres;

  -- 406 Commercial Drive in Wayne County, Richmond, Indiana 47374,
and generally described as: +/- 5,820 SF commercial building
located on +/- 0.855 acres; and

  -- 1516-1530 South 9th Street in Wayne County, Richmond, Indiana
47374, and generally described as: +/- 15,282 SF commercial
building located on +/- 0.932 acres.

Professional services to be rendered by the Broker include:

     a. exclusively advertise the Real Estate for sale;

     b. conduct showings of the Real Estate;

     c. accept deposits from potential buyers or lessees; and

     d. complete the sale of the Real Estate.

The Brokers will receive a commission of 7 percent of the gross
sale price.

Baumgartner Commercial does not hold or represent any interest that
is materially adverse to the interests represented by the Debtors,
and the Broker is a disinterested person within the meaning of
Section 101 of the Bankruptcy Code, as disclosed in the court
filings.

The broker can be reached through:

     Rhett Baumgartner
     Baumgartner Commercial, Inc.
     42 South 9th Street,
     Richmond, IN 47374
     Phone: 765-965-7200

                 About Georgia Direct Carpet

Georgia Direct Carpet, Inc., also known as Georgia Carpet Direct,
owns and operates a carpet and flooring store in Richmond, Ind. It
offers carpets, hardwoods, laminate flooring and ceramic tile floor
products.

Georgia Direct Carpet and its affiliates sought Chapter 11
protection (Bankr. S.D. Ind. Lead Case No. 19-06316) on Aug. 26,
2019. In the petition signed by Anthony Bledsoe, president, Georgia
Direct Carpet estimated assets and liabilities at $1 million to $10
million. The Hon. Robyn L. Moberly is the case judge.

The Debtors tapped Mattingly Burke Cohen & Biederman LLP as their
legal counsel; Mattingly Burke Cohen & Biederman LLP, as special
counsel; and Barron Business Consulting, Inc. as their financial
advisor.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Oct. 9, 2019.  The
committee is represented by Mercho Caughey.


GI DYNAMICS: CEO Will Get a $610K One-Time Cash Bonus
-----------------------------------------------------
GI Dynamics, Inc., entered into a Retention Bonus Agreement and
Amendment with Scott Schorer, the chief executive officer of the
Company, which sets forth the terms of Mr. Schorer's continued
services as the Company's CEO through at least Dec. 31, 2020.  The
Retention Agreement will be effective through the Retention Date or
the last date of Mr. Schorer's employment, if different, as set
forth therein.

Pursuant to the terms and conditions of the Retention Agreement,
Mr. Schorer will receive a one-time cash bonus of $609,557, subject
to tax withholding under applicable law, which will be paid within
seven days following the Effective Date.  The Retention Bonus is in
lieu of any other severance benefits that Mr. Schorer may be
eligible to receive under Section 7 of Mr. Schorer's Amended and
Restated Offer Letter Agreement with the Company, dated Sept. 19,
2019.

The Retention Bonus is subject to forfeiture prior to the end of
the Retention Period if the basis for the termination is for Cause
by the Company or for any reason by Mr. Schorer that does not
constitute Good Reason (as such terms are defined in the Offer
Letter).  Accordingly, in the event Mr. Schorer's employment is
terminated prior to the end of the Retention Period by the Company
for Cause or by Mr. Schorer for any reason other than Good Reason,
then Mr. Schorer will be required to repay the Retention Bonus
pursuant to the following schedule: (i) termination prior to July
31, 2020: 6/6 of Retention Bonus to be repaid (i.e., $609,447);
(ii) termination between Aug. 1, 2020 and Aug. 31, 2020: 5/6 of
Retention Bonus to be repaid (i.e., $507,964.17); (iii) termination
between Sept. 1, 2020 and
Sept. 30, 2020: 4/6 of Retention Bonus to be repaid (i.e.,
$406,371.33); (iv) termination between Oct. 1, 2020 and Oct. 31,
2020: 3/6 of Retention Bonus to be repaid (i.e., $304,778.50); (v)
termination between Nov. 1, 2020 and Nov. 30, 2020: 2/6 of
Retention Bonus to be repaid (i.e., $203,185.67); (vi) termination
between Dec. 1, 2020 and Dec. 31, 2020: 1/6 of Retention Bonus to
be repaid (i.e., $101,592.83); and (vii) termination after Dec. 31,
2020: 0/6 of Retention Bonus to be repaid (i.e., $0.00).  Any such
amounts due to be repaid will be paid by Mr. Schorer to the Company
within ten days following termination.

Mr. Schorer will also be eligible to earn a milestone bonus in the
aggregate amount of $100,000, subject to tax withholding under
applicable law, based on the achievement of one or both of the
following milestones between the Effective Date and Dec. 31, 2020,
subject to the apportionment as follows: (i) 75% of Milestone Bonus
($75,000): Receipt of European CE mark approval; and (ii) 25% of
Milestone Bonus ($25,000): I-STEP approval.

In the event Mr. Schorer's employment is terminated during the
Milestone Bonus Period by the Company without Cause or by Mr.
Schorer for Good Reason, and if following such termination the
Company determines that either Milestone is achieved during the
Milestone Bonus Period, then the Company will pay Mr. Schorer an
amount equal to the applicable Milestone Bonus, pro-rated based on
the period of Mr. Schorer's employment with the Company during the
Milestone Bonus Period.  Each portion of the Milestone Bonus, if
earned, will be paid in lump sum within seven days after the
determination by the Company's Board of Directors that the
applicable Milestone has been met, but in no event later than Jan.
31, 2020.  In the event Mr. Schorer's employment is terminated
during the Milestone Bonus Period by the Company for Cause or by
Mr. Schorer other than for Good Reason, then Mr. Schorer will not
be eligible for and will forfeit any portion of the Milestone
Bonus.  The Milestone Bonus is in lieu of any Performance Bonus (as
defined in the Offer Letter) that Mr. Schorer may be eligible to
earn or receive under the Offer Letter during the Milestone Bonus
Period; provided, however, that if Mr. Schorer remains employed
through the conclusion of the Milestone Bonus Period, Mr. Schorer
will again become eligible to earn the Performance Bonus, on the
terms and conditions described in the Offer Letter, for services
performed following the conclusion of the Milestone Bonus Period.
During the Retention Period, Mr. Schorer's annual base salary will
continue to be $450,000, subject to tax withholding under
applicable law, to be paid each month in accordance with the
Company's payroll policies, and subject to the annual review of the
Company's Compensation Committee.

In the event Mr. Schorer's employment is terminated for any reason
following the Effective Date, whether voluntarily or involuntarily,
then Mr. Schorer will provide consulting services to the Company on
a part-time basis averaging ten hours per month, subject to
adjustment by the parties, for a period of six months following
such termination, subject to earlier termination by mutual
agreement of the parties.  The Company will pay Mr. Schorer a fee
of $325 per hour for the Consulting Services performed during the
Consulting Term, payable within ten days following the conclusion
of each month in which the Consulting Services are performed.

                         Board Composition

As previously disclosed, the four current members of the Board
advised the Company of their intention to resign as members of the
Board after the Company was removed from the Official List of the
Australian Securities Exchange, which occurred as of July 22, 2020
(Australian Eastern Standard Time).

On July 23, 2020, each member of the Board delivered a resignation
letter informing the Company of their resignation as a member of
the Board, including any committees thereof, effective as of 5:00
p.m. EDT on July 29, 2020; however, prior to such time, each Board
member retracted their resignation and withdrew the corresponding
resignation letter given that the Board believed that each member
should continue to serve for proper corporate governance practices
until the definitive documentation for the proposed $10 million
Series A Preferred Stock financing is executed.  The Company will
provide further disclosure regarding the exact timing of each
director's departure as such information becomes available.

                       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 million.

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.


GI DYNAMICS: Inks Right to Shares & Waiver Deal with Crystal Amber
------------------------------------------------------------------
GI Dynamics, Inc., received a conversion notice from Crystal Amber
Fund Limited, the Company's controlling stockholder, requesting the
conversion of the entire outstanding amount of that certain Senior
Secured Convertible Promissory Note, issued June 15, 2017, as
amended, which entitled Crystal Amber to receive 2,574,873,400
CHESS Depositary Interests ("CDIs"), representing 51,497,468 shares
of the Company's common stock.  The Company issued 1,920,085,200
CDIs, representing 38,401,704 shares of common stock to Crystal
Amber; however, the Company is unable at this time to issue any
additional shares of common stock because it does not have a
sufficient number of authorized but unissued shares of common stock
available for issuance.  As a result, on July 24, 2020, the Company
entered into a Right to Shares and Waiver Agreement with Crystal
Amber, pursuant to which the Company granted a right to Crystal
Amber to receive 13,095,764 shares of the Company's common stock
that remain issuable in connection with its conversion of the June
2017 Note.  In exchange for the Right, the June 2017 Note was
deemed to be fully satisfied and the related security interest in
the Company's assets was automatically terminated.

The Right will be automatically exercised, without any action by
any party, immediately effective as of the time each of the
following conditions have been satisfied: (i) the Company has filed
an amended and restated certification of incorporation with the
Delaware Secretary of State in connection with the consummation of
the Company's anticipated financing of up to $10 million in shares
of the Company's preferred stock and (ii) the Company has been
delisted from the Official List of the Australian Securities
Exchange.

                        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 million.

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 EAGLE: Hires Prime Clerk as Claims and Noticing Agent
------------------------------------------------------------
Global Eagle Entertainment Inc., and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Prime Clerk LLC, as claims and noticing agent to
the Debtors.

Global Eagle requires Prime Clerk to:

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

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

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

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

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

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

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

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

   i. provide public access to the Claims Register, including
      complete proofs of claim with attachments, if any, without
      charge;

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

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

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

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

   n. monitor the Court's docket for all notices of appearance,
      address changes, and claims-related pleadings and orders
      filed and make necessary notations on and changes to the
      claims register;

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

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

   q. Monitor the Court's docket in these chapter 11 cases and,
      when filings are made in error or containing errors, alert
      the filing party of such error and work with them to
      correct any such error;

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

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

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

   u. at the close of these chapter 11 cases, (i) box and
      transport all original documents, in proper format, as
      provided by the Clerk's office, to (A) the Philadelphia
      Federal  Records  Center,  14700  Townsend  Road,
      Philadelphia, PA 19154-1096 or (B) any other location
      requested by the Clerk's office; and (ii) docket a
      completed SF-135 Form indicating the accession and location
      numbers of the archived claims.

Prime Clerk will be paid at these hourly rates:

     Director of Solicitation                  $1,215
     Solicitation Consultant                     $195
     COO and Executive VP                      No charge
     Director                                  $175-$195
     Consultant/Senior Consultant               $70-$170
     Technology Consultant                      $35-$95
     Analyst                                    $35-$55

Prime Clerk will be paid a retainer in the amount of $50,000.

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

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

Prime Clerk can be reached at:

     Benjamin J. Steele
     PRIME CLERK LLC
     830 3rd Avenue, 9th Floor
     New York, NY10022
     Tel: (212) 257-5450
     E-mail: bsteele@primeclerk.com

               About Global Eagle Entertainment

Headquartered in Los Angeles, California, Global Eagle --
http://www.GlobalEagle.com/-- is a provider of media, content,
connectivity and data analytics to markets across air, sea and
land. Global Eagle offers a fully integrated suite of media content
and connectivity solutions to airlines, cruise lines, commercial
ships, high-end yachts, ferries and land locations worldwide.

Global Eagle Entertainment Inc., based in Los Angeles, CA, and its
debtor-affiliates sought Chapter 11 protection (Bankr. D. Del. Lead
Case No. 20-11835) on July 22, 2020.  The Hon. John T. Dorsey
presides over the case.

In the petition signed by CFO Christian M. Mezger, Global Eagle
disclosed $630.5 million in assets and $1.086 billion in
liabilities.

Global Eagle tapped LATHAM & WATKINS LLP (CA), and YOUNG CONAWAY
STARGATT & TAYLOR, LLP, as counsel; GREENHILL & CO., LLC, as
investment banker; and ALVAREZ & MARSAL NORTH AMERICA, LLC, as
financial advisor.  PRIME CLERK LLC, is the claims and noticing
agent. PRICEWATERHOUSECOOPERS LLP is the tax advisor.


GLOBAL EAGLE: Pachulski, Gibson Represent DIP, First Lien Lenders
-----------------------------------------------------------------
In the Chapter 11 cases of Global Eagle Inc., et al., the law firms
of Pachulski Stang Ziehl & Jones LLP and Gibson, Dunn & Crutcher
LLP submitted a verified under Rule 2019 of the Federal Rules of
Bankruptcy Procedure, to disclose that they are representing the Ad
Hoc DIP and First Lien Lender Group.

On or about June 2019, members of the Ad Hoc DIP and First Lien
Lender Group retained attorneys presently with Gibson, Dunn &
Crutcher LLP in connection with the negotiation and consummation of
an incremental financing pursuant to the First Lien Credit
Agreement. In March 2020, the Ad Hoc DIP and First Lien Lender
Group retained Gibson Dunn to represent them as counsel in
connection with a potential restructuring of the outstanding debt
obligations of the above-captioned debtors and certain of their
subsidiaries and affiliates.

In July 2020, the Ad Hoc DIP and First Lien Lender Group retained
Pachulski, Stang, Ziehl & Jones LLP, as Delaware counsel.

Gibson Dunn and PSZ&J represent the members of the Ad Hoc DIP and
First Lien Lender Group in their capacity as lenders under that
certain Credit Agreement, dated as of January 6, 2017  by and among
Global Eagle Entertainment Inc., as borrower, the Guarantors party
thereto, the lenders party thereto, and Citibank, N.A., as
administrative agent.

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

Upon information and belief formed after due inquiry, Gibson Dunn
and PSZ&J do not hold any disclosable economic interests in
relation to the Debtors.

As of July 23, 2020, members of the Ad Hoc DIP and First Lien
Lender Group and their disclosable economic interests are:

                                          First Lien Credit
                                        Agreement Claims Held
                                        ---------------------

Eaton Vance Management                      $81,391,186.18
2 International Place 9th Floor
Boston, MA 02110

Sound Point Capital Management, LP          $48,510.765.42
375 Park Avenue 33rd Floor
New York, NY 10152

Carlyle Investment Management LLC           $48,871,781.22
520 Madison Avenue
New York, NY 10022

Mudrick Capital Management, L.P.            $76,020,678.09
527 Madison Avenue 6th Floor
New York, NY 10022

Apollo Global Management, Inc.              $99,358,550.50
9 West 57th St.
43rd Floor
New York, NY 10019

Arbour Lane Capital Management, LP           $61,275,773.57
700 Canal Street
4th Floor
Stamford, CT 06902

BlackRock Financial Management, Inc.         $44,888,057.55
55 East 52nd Street
New York, NY 10055

Counsel to the Ad Hoc DIP and First Lien Lender Group can be
reached at:

          PACHULSKI STANG ZIEHL & JONES LLP
          Laura Davis Jones, Esq.
          P O Box 8705
          919 North Market Street, 17th Floor
          Wilmington, DE 19899 (Courier 19801)
          Telephone: (302) 652-4100
          Facsimile: (302) 652-4400
          Email: ljones@pszjlaw.com

             - and –

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

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/C4BqTc

                      About Global Eagle

               About Global Eagle Entertainment

Headquartered in Los Angeles, California, Global Eagle --
http://www.GlobalEagle.com/-- is a provider of media, content,
connectivity and data analytics to markets across air, sea and
land. Global Eagle offers a fully integrated suite of media content
and connectivity solutions to airlines, cruise lines, commercial
ships, high-end yachts, ferries and land locations worldwide.

Global Eagle Entertainment Inc., based in Los Angeles, CA, and its
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 20-11835) on July 22, 2020.  

In the petition signed by CFO Christian M. Mezger, Global Eagle
disclosed $630.5 million in assets and $1.086 billion in
liabilities.

The Hon. John T. Dorsey presides over the case.

Global Eagle tapped LATHAM & WATKINS LLP (CA), and YOUNG CONAWAY
STARGATT & TAYLOR, LLP, as counsel; GREENHILL & CO., LLC, as
investment banker; and ALVAREZ & MARSAL NORTH AMERICA, LLC, as
financial advisor.  PRIME CLERK LLC, is the claims and noticing
agent. PRICEWATERHOUSECOOPERS LLP is the tax advisor.


GNC HOLDINGS: Harris Beach Represents Eastview Mall, 2 Others
-------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Harris Beach PLLC provided notice that it is
representing Eastview Mall, LLC, The Marketplace and Greece Ridge
LLC; and Woodbolt Distribution LLC in the Chapter 11 cases of GNC
Holdings, Inc., et al.

Harris Beach has obtained conflicts waivers from the Landlords and
Woodbolt authorizing Harris Beach to represent their respective
interests in these bankruptcy cases.

The address for Woodbolt is 3891 South Traditions Drive, Bryan,
Texas 77807. Woodbolt is a creditor of the Debtors and is owed
approximately $5,300,000.00 from the Debtors based on product sold
to the Debtors.

The address for the Landlords is c/o Wilmorite Management Group,
LLC, 1265 Scottsville Road, Rochester, New York 14624. Landlords
are counterparties to three (3) unexpired leases of non-residential
real properties with respect to certain premises in the Rochester,
New York area. Landlords have aggregate claims in an amount unknown
at this time.

None of the parties represented by Harris Beach in the within
proceedings are indenture trustees or members of any formal or
informal committee herein.

The information contained herein is intended solely for the purpose
of complying with Fed. R. Bankr. P. 2019(a); Harris Beach and its
clients reserve all rights, including those of supplementation
and/or amendment of this Verified Statement.

Counsel for Eastview Mall, LLC, The Marketplace and Greece Ridge
LLC; and Woodbolt Distribution LLC can be reached at:

          HARRIS BEACH PLLC
          Lee E. Woodard, Esq.
          Wendy A. Kinsella, Esq.
          333 West Washington St., Suite 200
          Syracuse, NY 13202
          Telephone: (315) 423-7100
          Facsimile: (315) 422-9331
          Email: lwoodard@harrisbeach.com
                 wkinsella@harrisbeach.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/tua0di

                    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: Hires Riveron Consulting as Accounting Advisor
------------------------------------------------------------
GNC Holdings, Inc., and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Riveron Consulting, LLC, as accounting advisor to the Debtors.

GNC Holdings requires Riveron Consulting to:

   a) Financial reporting

      i. assist the Debtors with drafting and preparing content
         for SEC filings;

     ii. develop documentation and assist in testing new SOX
         controls required for bankruptcy accounting;

    iii. draft technical accounting memos related to issues
         arising from first day motions, potential asset
         impairment and other transactions;

   b) Accounting Operations

      i. assist the Debtors with changes to lease accounting
         related to bankruptcy filing;

     ii. support the Debtors with monthly financial close
         process;

    iii. work with the Debtors to fulfil ad hoc financial
         reporting requests from stakeholders;

   c) Fresh Start Accounting

      i. develop plan for assessing the fair value approach to all
         in-scope accounts;

     ii. prepare draft of financial statements four-column table
         and related restructuring footnotes;

    iii. liaise with third party firm to integrate valuation
         report amounts into financial statement reporting
         including approach and disclosures;

     iv. support the Debtors in the completion of any PwC audit
         requests for Emergence Date and December 31 reporting;

      v. assist the Debtors with any ad hoc requests;

   d)  Additional Services (the "Additional Services")

      i. assist with the implementation of new SOX controls
         related to financial reporting;

     ii. support the Director of Financial Reporting with month
         end reporting including reconciliation and analysis of
         key accounts.

Riveron Consulting will be paid at these hourly rates:

     Managing Director           $475 to $675
     Senior Manager              $405 to $500
     Manager                     $290 to $475
     Senior Associate            $250 to $455
     Associate                   $175 to $300

Riveron Consulting will be paid a retainer in the amount of
$60,000. During the 90 days immediately preceding the Petition
Date, the Debtors paid Riveron Consulting the amount of  $98,017.

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

Ellen W. Smith, managing director of Riveron Consulting LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Riveron Consulting can be reached at:

     Ellen W. Smith
     RIVERON CONSULTING LLC
     2515 McKinney Avenue, Suite 1200
     Dallas, TX 75201
     Tel: (214) 891-5500

                      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.


GOURDOUGH'S HOLDINGS: Hires Hajjar Peters as Counsel
----------------------------------------------------
Gourdough's Holdings, LLC, and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the Western District of Texas to
employ Hajjar Peters, LLP, as counsel to the Debtor.

Gourdough's Holdings requires Hajjar Peters to:

   a. give the Debtors legal advice with respect to its powers
      and duties as Debtor-in-Possession in the continued
      operation of its business and management of his property;

   b. advise the Debtors of its responsibilities under the
      Bankruptcy Code and assist with such;

   c. prepare and file the voluntary petition and other paperwork
      necessary to commence this proceeding;

   d. assist the Debtors in preparing and filing the required
      Schedules, Statement of Financial Affairs, Monthly
      Financial Reports, the Initial Debtor Report and other
      documents required by the Bankruptcy Code, the Federal
      Rules of Bankruptcy Procedure, the Local Rules of this
      Court and the administrative procedures of the Office of
      the U.S. Trustee;

   e. represent the Debtors in connection with adversary
      proceedings and other contested and uncontested matters,
      both in this Court and in other courts of competent
      jurisdiction, concerning any and all matters related to
      these bankruptcy proceedings and the financial affairs of
      the Debtors, including, but not limited to, litigation
      affecting property of the Estate, suits to avoid or
      determine lien rights or other property interests of
      creditors  and other parties in interest, objections to
      disputed claims, motions to assume or reject leases and
      other executory contracts, motions for relief from the
      automatic stay and motions concerning the discovery of
      documents and other information relating to any of the
      foregoing;

   f. represent the Debtors in the negotiation and documentation
      of any sales or refinancing of property of the estate, and
      in obtaining the necessary approvals of such sales or
      refinancing by this Court; and

   g. assist the Debtors in the formulation of a plan of
      reorganization and disclosure statement, and in taking the
      necessary steps in this Court to obtain approval of such
      disclosure statement and confirmation of such plan of
      reorganization.

Hajjar Peters will be paid at these hourly rates:

     Charlie Shelton                $325
     Other attorneys            $150 to $425
     Paralegal                      $150

Hajjar Peters received from the Debtors a retainer of $20,500, of
which the amount of $14,022.34 was deducted for fees and expenses,
leaving a retainer balance of $1,326.66.

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

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

Hajjar Peters can be reached at:

     Charlie Shelton, Esq.
     HAJJAR PETERS LLP
     3144 Bee Caves Rd
     Austin, TX 78746
     Tel: (512) 637-4956
     Fax: (512) 637-4958
     E-mail: cshelton@legalstrategy.com

                  About Gourdough's Holdings

Gourdough's operates in the service industry and has made a name
for themselves in the competitive Austin food scene.  Gourdough's
started as a food truck/trailer in 2009 gained notoriety for
creating a donut-centric menu of various foods, be they sweet or
savory.  Gourdough's has 28 different sweet flavors and a full menu
based on donuts including Chicken Fried Steak on a donut with a
potato pancake smothered in gravy or a variety of salads served
with a garlic donut.  

Gourdough's Holdings holds 100% of the interest in Gourdough's LLC,
which operates the location on South First, and 80% of the
interest  of Gourdough's Public House, LLC, which operates the
dine-in restaurant location on S. Lamar.

Gourdough's Holdings and its affiliates sought Chapter 11
protection petition (Bankr. W.D. Tex. Lead Case No. 20-10720) on
June 22, 2020.  Hajjar Peters, LLP, serves as bankruptcy counsel to
the Debtors.


GROW CAPITAL: Will Effect 1-for-20 Reverse Stock Split
------------------------------------------------------
Grow Capital, Inc., reports it will effect a 1-for-20 reverse stock
split of shares of the company's issued and outstanding common
stock, par value $0.001 per share, previously approved by the
company's Board of Directors and a majority of its stockholders.

The action will took effect at the open of trading on Thursday,
July 30, 2020.  The Company's common stock will continue to trade
on the OTCQB and a "D" will be placed on the Grow Capital, Inc.
ticker symbol, GRWC.  The ticker GRWCD will remain for 20 business
days when the traditional trading symbol for the Company's common
stock will revert back to "GRWC."  The new CUSIP number for the
Company's common stock following the reverse stock split will be
399818202.

The reverse stock split is being implemented with the goals of
increasing the per-share trading price to ultimately reach the
$4.00 regular bid price required by Nasdaq, and improving the
marketability and liquidity of the common stock.

"This reverse split will help GRWC normalize trading and better
align with our business activity," said interim CEO Terry Kennedy.
"Our subsidiary is growing and we have new acquisitions on the
horizon.  Issuing this reverse-split is expected to raise our
per-share price and allow for better long-term planning."

The reverse stock split does not have any impact on the voting and
other rights of the stockholders and will have no impact on GRWC's
subsidiaries.  Neither the authorized number of shares of common
stock nor the par value of the common stock has changed as a result
of the reverse stock split.  No fractional shares will be issued as
a result of the reverse stock split.  Stockholders who otherwise
would be entitled to receive fractional shares because they hold a
number of shares not evenly divisible by the reverse split ratio of
the reverse stock split, will be entitled to a number of shares
rounded up to the nearest whole number, and stockholders left with
no more than a fractional share will receive a cash payment on the
basis of $0.05 per share of existing common stock.

"The Board believes it is in the best interests of GRWC and the
stockholders to implement the Reverse Stock Split to reduce the
number of our issued and outstanding shares of common stock thereby
increasing the number of shares of common stock available for
issuance," said Board President James Olson.  "We believe it is
likely to increase the market price as fewer shares will be
outstanding, and the expected increased market price will encourage
interest in the common stock."

The Company's transfer agent will manage the exchange of the
pre-split shares for new, post-split shares.  GRWC's transfer Agent
is: Colonial Stock Transfer 66 Exchange Place, Ste 100 Salt Lake
City, UT 84111- phone: (801) 355-5740.

Immediately following the reverse stock split, the number of shares
of common stock issued and outstanding will be reduced
proportionately based on the reverse stock split ratio of
1-for-20.

                        About Grow Capital

Grow Capital (f/k/a Grown Condos, Inc.) --
http://www.growcapitalinc.com/-- operates as a call center and
expanded its business plan to include the development of a social
networking site called JabberMonkey (Jabbermonkey.com) and the
development of a location based social networking application for
smart phones called Fanatic Fans.

Grow Capital reported a net loss of $2.40 million for the fiscal
year ended June 30, 2019, compared to a net loss of $2.48 million
for the fiscal year ended June 30, 2018.  As of March 31, 2020, the
Company had $2.24 million in total assets, $1.67 million in total
liabilities, and $566,665 in total stockholders' equity.

L J Soldinger Associates, LLC, in Deer Park, Illinois, the
Company's auditor since 2017, issued a "going concern"
qualification in its report dated Oct. 15, 2019, citing that the
Company's significant operating losses raise substantial doubt
about its ability to continue as a going concern.


HANG PHARMACY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Hang Pharmacy Solutions, LLC
           Peachtree Pharmacy
        5270 Peachtree Parkway
        Suite 114A
        Norcross, GA 30092

Business Description: Hang Pharmacy Solutions, LLC --
                      https://www.peachtreerx.com --
                      offers various pharmacy and health services.

Chapter 11 Petition Date: July 31, 2020

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 20-68565

Debtor's Counsel: Will Geer, Esq.
                  WIGGAN & GEER, LLC
                  50 Hurt Plaza, SE, Suite 1150
                  Atlanta, GA 30303
                  Tel: 404-233-9800
                  E-mail: wgeer@wiggamgeer.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by April Hang, managing member.

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

                      https://is.gd/dzyoZn


HAWAIIAN HOLDINGS: Incurs $106.9 Million Net Loss in 2nd Quarter
----------------------------------------------------------------
Hawaiian Holdings Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $106.90 million on $60 million of total operating revenue for
the three months ended June 30, 2020, compared to net income of
$57.83 million on $712.19 million of total operating revenue for
the three months ended June 30, 2019.

For the six months ended June 30, 2020, the Company reported a net
loss of $251.28 million on $619.15 million of total operating
revenue compared to net income of $94.19 million on $1.37 billion
of total operating revenue for the same period during the prior
year.

As of June 30, 2020, the Company had $3.99 billion in total assets,
$1.04 billion in current liabilities, $792.77 million in long-term
debt, $1.34 billion in total other liabilities and deferred
credits, and total shareholders' equity of $825.93 million.

"Our second quarter results reflect the continued impact of
COVID-19 and State of Hawai'i quarantines on our business," said
Peter Ingram, Hawaiian Airlines president and CEO.  "In the face of
these unprecedented challenges, we have taken action to preserve
and raise cash and are crafting plans to position us for the future
even as we address the immediate adversity.  With our leisure
business model and relentless focus on the needs of the Hawai'i
traveler, we are positioned to emerge from this crisis poised for
success.  I am grateful, as always, for the efforts of my
extraordinary colleagues, as they take care of our guests and adapt
to this ever-changing environment with passion and dedication."

Second Quarter 2020

The State of Hawai'i was under the mandatory 14-day self-quarantine
for both neighbor island and all incoming travelers for most of the
second quarter of 2020, and as a consequence, the Company operated
an extremely limited schedule.  The mandatory 14-day
self-quarantine restriction was lifted on June 16, 2020 for
neighbor island travel only.  Following this announcement, the
Company increased neighbor island flight activity, but continued
with its reduced schedule for longer haul flights.
In addition to service suspension and schedule reduction, the
Company has taken, and will continue to take, actions to minimize
cash outflow in an effort to mitigate the effects of reduced
demand, including, but not limited to:

   * Suspended dividend payments on, and the repurchase of, its
     common stock

   * Instituted a hiring freeze across the Company, except for
     operationally critical and essential positions

   * Deferred non-critical capital expenditures

   * Instituted voluntary unpaid leave programs and exploring
     involuntary headcount reduction

   * Reduced executive pay by 10% - 50%

   * Reduced other discretionary spending, including contractor
     and vendor spend

   * Negotiated payment deferrals with key vendors

As of June 30, 2020, the Company has received $214.2 million in
grants and $49.0 million in loans pursuant to the Coronavirus Aid,
Relief, and Economic Security Act Payroll Support Program. The
Company expects to receive an additional $29.2 million in July
2020.

Third Quarter 2020

Due to the uncertain timing of the relaxation of travel and
quarantine restrictions, the Company is unable to provide detailed
guidance related to capacity expectations for the quarter ending
Sept. 30, 2020.  July 2020 capacity, in terms of available seat
miles (ASMs), is expected to be approximately 86% below the
capacity flown in July 2019, and the Company expects August 2020
capacity to decrease 85% compared to August 2019.  As a significant
portion of the Company's costs are fixed, operating expenses are
not expected to decline in proportion to the capacity decline.

To further increase liquidity, the Company has entered into
additional financing transactions in July 2020.  This includes the
following:

   * Raised $114 million through the sale and leaseback of two
     Airbus A321neo aircraft

   * Signed a non-binding letter of intent with the U.S.
     Department of Treasury pursuant to which the Company is
     eligible to receive up to $364 million in Economic Relief
     Program ("ERP") loans offered under the CARES Act; the
     Company has until March 2021 to determine how much of the
     available ERP funds to borrow.

COVID-19 Response - Guest Experience and Community Relations

In response to the COVID-19 pandemic, the Company has enhanced
cleaning procedures and revised guest-facing procedures in an
effort to minimize the risk of transmission of COVID-19.  These
procedures are in line with current recommendations from leading
public health authorities and include:

   * Performing enhanced aircraft cleaning between flights and
     overnight, including recurring electrostatic spraying of all
     aircraft

   * Frequent cleaning and disinfecting of counters and self-
     service check-in kiosks in our airports

   * Ensuring hand sanitizers are readily available for guests
     statewide and at our mainland airports

   * Requiring guests and guest-facing employees to wear face
     masks or coverings, with guests required to keep them on
     from check-in to deplaning

   * Modifying boarding and deplaning processes and limiting the
     capacity of available seats on all aircraft to no higher
     than 70% to provide physical distancing

    * Changing in-flight service to reduce close interactions
      between crew members and guests

The Company, along with its employees, has also taken measures to
support the community through the COVID-19 pandemic, which
include:

   * Donating Main Cabin and Business Class pillowcases,
     blankets, mattress pads, amenity kits, and Business Class
     slippers to 12 local organizations serving the community
     during the pandemic

   * Offering complimentary neighbor island transportation for
     medical professionals in April and May

   * Providing complimentary transportation of food and household
     items from O'ahu to both Moloka'i and Lana'i in April and
     May

   * Volunteering to support local non-profit organizations
     addressing the COVID-19 pandemic, from company-wide efforts
     to individual employee initiatives

A full-text copy of the Form 10-Q is available for free at:

                       https://is.gd/sZ3lnL

                     About Hawaiian Holdings

Hawaiian Holdings, Inc.'s primary asset is sole ownership of all
issued and outstanding shares of common stock of Hawaiian Airlines,
Inc.  The Company is engaged in the scheduled air transportation of
passengers and cargo amongst the Hawaiian Islands (the Neighbor
Island routes) and between the Hawaiian Islands and certain cities
in the United States (the North America routes together with the
Neighbor Island routes, the Domestic routes), and between the
Hawaiian Islands and the South Pacific, Australia, New Zealand and
Asia (the International routes), collectively referred to as its
Scheduled Operations.  The Company offers non-stop service to
Hawai'i from more U.S. gateway cities (13) than any other airline,
and also provide approximately 170 daily flights between the
Hawaiian Islands.  In addition, the Company operates various
charter flights.

                          *    *    *

As reported by the TCR on July 17, 2020, S&P Global Ratings lowered
all ratings on Hawaiian Holdings Inc., including lowering the
issuer credit rating to 'CCC+' from 'B', and removed them from
CreditWatch, where it placed them with negative implications on
March 13, 2020.  S&P expects Hawaiian to generate a significant
cash flow deficit in 2020 because of COVID-19's impact on air
travel.


HC OLDCO: Has Committee-Backed Liquidating Plan
-----------------------------------------------
HC Oldco, Inc., f/k/a Arro Corporation, along with the Official
Committee of Unsecured Creditors filed an Agreed Plan of
Liquidation for the Debtor's estate.

The Plan is a plan of liquidation and provides for the distribution
of the proceeds from the liquidation of the Debtor’s assets, in
accordance with the applicable provisions of the Bankruptcy Code
and pursuant to the terms of a settlement between the Debtor, the
Committee, and the Debtor’s prepetition secured lenders, BMO
Harris Bank, N.A. (“BMO”) and the United States Small Business
Administration.

The distribution of assets under the Plan would involve, among
other things: (1) transferring the Net Sale Proceeds from the
Debtor’s Asset Sale to BMO, which has valid first priority liens
and security interests in such assets, coupled with sharing in
certain other distributions of the estate and/or the Creditor
Trust, in full satisfaction of its claims against the Debtor and
interest in the Sale Proceeds; (2) transferring a portion of the
Sale Proceeds to the SBA, which has valid second priority liens and
security interests in certain of those assets, coupled with sharing
in certain other distributions of the Creditor Trust, in full
satisfaction of its claims against the Debtor and interest in the
Sale Proceeds; and (3) transferring cash and other assets of the
Debtor, plus a contribution from BMO, to the Creditor Trust for
distribution by a Creditor Trustee to other creditors pursuant to
the terms of the Creditor Trust Agreement. After the Effective Date
of the Plan, all assets held in the Creditor Trust shall be
distributed in accordance with the terms of the Plan and Creditor
Trust Agreement.

Class 5 – General Unsecured Claims. Allowed Class 5 Claims shall
be paid pro rata in accordance with the Creditor Trust Agreement
and this Plan. All property of the estate remaining as of the
Effective Date shall be deposited in the Creditor Trust on or as
soon as practicable following the Effective Date. Subject to
satisfaction in full of allowed Administrative Claims, allowed
Priority Tax Claims, and allowed Class 3 and 4 Claims, the Creditor
Trustee shall liquidate the Creditor Trust Assets and distribute
the net proceeds to holders of allowed Class 5 Claims from time to
time on dates determined by the Creditor Trustee, within a
reasonable time after the creation of appropriate reserves as
determined by the Creditor Trustee in an amount that would be
sufficient to (a) make a pro rata distribution on account of
disputed claims that are Class 5 General Unsecured Claims; and (b)
pay the Trustee’s Expenses in full.

Class 6 – Equity Interest of the Gaughan Trust. All equity of the
Debtor is owned by the Gaughan Trust, a self-settled trust through
which Mr. Patrick Gaughan, the former president and former sole
director of the Debtor, was also the Debtor’s sole shareholder.
There will not be a distribution of any amounts to the Gaughan
Trust on account of its equity interest, and all such interests
shall be deemed canceled as of the Effective Date of the Plan.
Because the holder of Class 6 Equity Interests will not receive any
distributions under the Plan, it is deemed to have rejected the
Plan.

The Debtor, the Committee, BMO and the SBA have negotiated a
settlement, compromise and release of claims against one another,
arising from: (1) the Committee’s challenge rights against BMO
under the DIP Financing Order; and (2) the respective claims of the
Debtor, Committee, BMO and the SBA to the Sale Proceeds.

Upon the closing of the Debtor’s Asset Sale on March 13, 2020,
the Sale Proceeds were transferred to an account at BMO. The Sale
Proceeds total $9,088,309.90, consisting of the cash purchase
price, plus or minus various adjustments, and less the commission
to Livingstone, the Debtor’s investment bankers. The Sale
Proceeds are being held in trust by BMO for the benefit of the
Debtor, pursuant to the Sale Order. Further disbursements of the
Sale Proceeds are subject to further order of the Bankruptcy Court.
The Plan contemplates the disbursement of the Sale Proceeds to BMO,
the SBA and the Creditor Trust in accordance with the Settlement on
the Effective Date, with $700,000 transferred to the SBA, a portion
transferred to the Creditor Trust to cover the previously unfunded
portion for the Plan Budget and the BMO Cash Contribution, and the
remaining balance transferred to BMO.

Under the Settlement and Plan Budget, BMO has funded or, subject to
confirmation of the Plan, will have funded sufficient monies to pay
remaining Administrative Claims and Priority Claims accruing
through the Effective Date. Funding under the Plan Budget totals up
to $1,355,332.

On the Effective Date of the Plan, BMO will fund $50,000 to the
Creditor Trust. The BMO Cash Contribution shall be used by the
Creditor Trustee for the Trustee’s Expenses, including the
necessary due diligence in connection with prosecuting claim
objections and the Creditor Trust Causes of Action. While the Plan
Proponents do not believe it will prove necessary, the BMO Cash
Contribution will be subject to pay any Administrative Claims and
Priority Claims in the unlikely event there are insufficient monies
otherwise available under the Plan Budget. As such, the BMO Cash
Contribution complies with the Absolute Priority Rule under the
Bankruptcy Code.

A full-text copy of the disclosure statement dated June 25, 2020,
is available at https://tinyurl.com/y9ht8cps from PacerMonitor at
no charge.

Counsel for Debtor:

         ADAM P. SILVERMAN, ESQ.
         ERICH S. BUCK, ESQ.
         ADELMAN & GETTLEMAN, LTD.
         53 WEST JACKSON BLVD, SUITE 1050
         CHICAGO, ILLINOIS 60604
         TEL: (312) 435-1050
         FAX: (312) 435-1059
         E-MAIL: asilverman@ag-ltd.com
                 ebuck@ag-ltd.com

Counsel for Official Committee of Unsecured:

         THOMAS R. FAWKES, ESQ.
         BRIAN J. JACKIW, ESQ.
         TUCKER ELLIS LLP
         233 SOUTH WACKER DRIVE, SUITE 6950
         CHICAGO, ILLINOIS 60606
         TEL: (312) 624-6300
         FAX: (312) 624-6309
         E-MAIL: Thomas.Fawkes@tuckerellis.com
                Brian.Jackiw@tuckerellis.com

                    About Arro Corporation

Arro Corporation -- https://arro.com/ -- provides food contract
manufacturing, processing, logistics and warehousing services.  It
offers custom dry, liquid blending, reprocessing, bulk handling and
processing services.

Arro Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-35238) on Dec. 13,
2019.  At the time of the filing, the Debtor disclosed assets of
between $10 million and $50 million and liabilities of the same
range.  Judge Janet S. Baer oversees the case.  

Adam P. Silverman, Esq., at Adelman & Gettleman, Ltd., is the
Debtor's legal counsel.  Livingstone Partners LLC serves as the
Debtor's investment banker.

On Dec. 23, 2019, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee selected
Goldstein & McClintock LLLP as its counsel and Conway Mackenzie,
Inc. as its financial advisor.


HEARTS AND HANDS: Credit Union Objects to Plan & Disclosures
------------------------------------------------------------
Nuvision Federal Credit Union d/b/a Denali, a Division of Nuvision
Credit Union, objects to the First Amended Plan of Reorganization
and Disclosure Statement of Hearts and Hands of Care, Inc.

The Credit Union points out that the Disclosure Statement should
address at least two possible scenarios: (1) where the Denali Note
is a non-ordinary course administrative expense that must be paid
in full on or before the Effective Date or upon entry of a Final
Order allowing such claim;4 and (2) where the Denali Note is an
ordinary course administrative expense and is paid according to the
terms of the note.

The Credit Union asserts that the Plan does not clearly identify
and classify the Denali Note for purposes of claim treatment. In
addition, it does not adequately identify the source of funds that
will be used to repay the Denali Note in the event that it is not
forgiven.

The Credit Union further asserts that the Debtor must show under
its Plan it will be able to meet its future obligations, both as
set forth in the Plan and those which may arise later and which
cannot be known at this time. While it is unknown at this time
whether the Denali Loan will be forgiven, Debtor’s Plan must
provide for the contingency in which it isn’t.

The Credit Union will continue to work with Debtor on agreed plan
language. However, in the event an agreement cannot be timely
reached, the Credit Union objects to confirmation and reserves its
right to object to the Plan.

A full-text copy of the Credit Union's objection to plan and
disclosure statement dated June 23, 2020, is available at
https://tinyurl.com/yaoewwrl from PacerMonitor at no charge.

Attorneys for Nuvision Federal Credit Union:

           CAIRNCROSS & HEMPELMANN, P.S.
           Binah B. Yeung, AKB 1911112; WSBA No. 44065
           E-mail:byeung@cairncross.com
           524 Second Avenue, Suite 500
           Seattle, WA 98104-2323
           Telephone: (206) 587-0700
           Facsimile: (206) 587-2308

                About Hearts and Hands of Care

Hearts and Hands of Care, Inc., is a home and community-based
waiver services agency which is certified for and provides
waiver-funded services.  HHOC provides both habilitative and
non-habilitative services to support individuals with a variety of
disabilities, as well as their families.  The agency provides
services to approximately 212 recipients.

Hearts and Hands of Care sought Chapter 11 protection (Bankr. D.
Alaska Case No. 19-00230) on July 22, 2019.  In the petition signed
by CEO Kisha Smaw, the Debtor was estimated to have assets of at
least $50,000 and liabilities at $1 million to $10 million.  Judge
Gary Spraker oversees the case.


HERITAGE COMMUNITY: Fitch Rates Series 2020A&B Bonds 'BB'
---------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to the following bonds to
be issued by the Economic Development Corporation of the City of
Kalamazoo, MI on behalf of the Heritage Community of Kalamazoo
Obligated Group:

  -- $35.045 million fixed rate limited obligation revenue bonds,
series 2020A;

  -- $6.585 million fixed rate limited obligation revenue bonds,
Tax-Exempt Mandatory Paydown Securities (TEMPS-85), series
2020B-1;

  -- $9.180 million fixed rate limited obligation revenue bonds,
Tax-Exempt Mandatory Paydown Securities (TEMPS-60), series
2020B-2.

Fitch has also affirmed the 'BB' rating applied to $18.6 million of
series 2019 fixed rate limited obligation revenue and revenue
refunding bonds issued by the EDC on behalf of HCK OG.

The Rating Outlook is Stable.

USE OF PROCEEDS

Proceeds from the series 2020A and B fixed rate bonds will be used
to: provide funds to support construction of the Revel Creek
independent living unit expansion project; fund debt service
reserve funds; and pay the costs of issuance. The bonds are
expected to price the week of Aug. 10, 2020.

SECURITY

Debt payments are secured by a revenue pledge of the obligated
group and a mortgage pledge. The series 2019 bonds are supported by
a debt service reserve fund, and DSRFs are expected for the series
2020A and B bonds. OG members include the HCK parent, the Wyndham
ILU apartment building, Amber Way-Wyndham West assisted living
units and memory care, the Harold and Grace Upjohn Community Care
Center skilled nursing facility, ALP, LLC (a limited liability
company that owns four residential homes and parcels of vacant
land), and the HCK Foundation.

KEY RATING DRIVERS

SOUND OPERATING PROFILE: The service area is sound and should
remain so in the long-run, despite the coronavirus pandemic. Prior
to the pandemic, property values in Kalamazoo County had been
increasing at a healthy rate and the unemployment rate was below
average. Competition for senior living is present in the market,
but manageable. Occupancy rates are sound (with ILU occupancy above
90%).

MIXED FINANCIAL PROFILE: HCK OG's financial profile is mixed.
Favorably, the trend of operating ratio is below 100% and the net
operating margin has averaged in the roughly 6% range over the last
four years. Liquidity is sound for a non-investment grade LPC, with
cash on hand of more than 380 days and cash-to-debt approaching 80%
at FYE 2020. Less favorably, pro forma maximum annual debt service
coverage is thin at 0.6x, although it should improve considerably
as entrance fees are received for the expansion project.

PRO FORMA LIABILITY PROFILE SOMEWHAT LEVERAGED: HCK's pro forma
debt burden is somewhat leveraged, although broadly consistent with
non-investment grade LPC medians. Pro forma MADS as a percentage of
revenue is nearly 17%. Pro forma debt-to-net available is high at
34x, but should improve considerably as temporary debt is paid down
with entrance fees.

LARGE CAPITAL PROJECT: HCK is in the early stages of developing its
Revel Creek ILU apartment expansion project. The
construction-related cost estimate of the project is approximately
$39 million, plus marketing and financing costs. Construction is
expected to begin in fall 2020 (estimated 18-month construction
timeline). Management reports the project was 70% sold with 10%
depositors (as of April 30, 2020).

ASYMMETRIC RISK FACTORS: There are no asymmetric risk factors
associated with HCK OG's rating.

RATING SENSITIVITIES

The Stable Outlook reflects that HCK OG should benefit from a sound
service area and good liquidity, and that its track-record of good
operating metrics are expected to be reasonably sustained during
the construction and f ill-up phases of the Revel Creek expansion
project, despite the external stress of the coronavirus pandemic.

The recent coronavirus pandemic and related government containment
measures worldwide created an uncertain environment for the entire
LPC sector. Top-line revenue pressure and added expenses started to
affect HCK OG in March and April, although not to the same extent
as many other LPCs (as evidenced by the maintenance of sound
operating margins in full-year fiscal 2020). Nevertheless, revenue
and expense pressures could multiply depend on the degree and
longevity of the pandemic and related economic challenges. Fitch's
ratings are forward looking, and Fitch will monitor developments in
the sector as a result of the virus outbreak as it relates to
severity and duration and incorporate revised expectations for
future performance and assessment of key risks.

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

  -- Sustained operating ratio below 100% and/or NOM in-line with
investment grade peers during the construction and fill-up phases
of the Revel Creek expansion project;

  -- Sustained liquidity growth leading to cash on hand and cash to
debt more in-line with 'BBB' medians.

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

  -- Significant disruptions and/or cost overruns related to the
Revel Creek project;

  -- Notable and sustained compression in operating margins,
particularly if the operating ratio exceeds 100% and/or NOM
approaches 0% for an extended period;

  -- Weaker balance sheet metrics, especially if cash-to-debt is
sustained below 20%;

  -- Unexpectedly sustained material operating disruption related
to the coronavirus pandemic, particularly if compounded with the
aforementioned weaker operating margins and balance sheet metrics.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

CREDIT PROFILE

Founded in 1945 as a gift form Harold and Grace Upjohn, HCK is a
type-C LPC located in Kalamazoo, MI, approximately 1.5 miles south
of downtown. HCK OG currently includes 86 ILUs at its Wyndham
apartment complex, 29 ALUs at Wyndham West, 20 memory care units at
Amber Way, and 90 SNF beds at the Upjohn Community Care Center.
Outside of the OG, HCK has 76 ALUs and 17 memory care units at
Director's Hall. HCK OG's total operating revenue measured just
over $20 million in unaudited fiscal 2019 (June 30 year-end).

HCK OG offers 50% refundable, 70% refundable, and traditional
non-refundable contract options. Management is adding a 90%
refundable contract option with the Revel Creek expansion project.
The 50% refundable and 70% refundable options were added in 2017.
Since that time, the contract mix at the Wyndham ILU property has
moved towards the 50% refundable model (which accounted for 13% of
contracts in 2020) and traditional non-refundable (up to 53% in
2020 from 42% in 2016), while 100% refundable contracts declined to
27% in 2020 from 58% in 2016 (HCK stopped offering new 100%
refundable contracts as an option in 2017).

HCK is governed by a board consisting of 14 members. Members serve
three-year terms, and there currently are no term limits. Per state
statute, at least one board member must be an HCK resident. HCK's
CEO joined the organization in 2013, while the CFO and VP of
Operations joined in 2016 and 2018, respectively. All three
executives joined HCK from other senior living organizations. While
there are no near-term planned retirements among senior executives,
HCK has a formal succession planning process in place that is
discussed with the executive committee monthly.

SOUND OPERATING PROFILE

HCK service area characteristics are sound, despite the pressures
from the coronavirus-related recession. The primary market area
includes the City of Kalamazoo and many surrounding communities in
Kalamazoo County. Heading into the coronavirus pandemic, the
unemployment rate in the county was just below average and
population growth well exceeded the state trend and just below the
national average. The median household income level in the county
is below the national average and in-line with the state.

Prior to the pandemic, home values in Kalamazoo County have
increased steadily in recent years. According to Zillow.com, the
Zillow home value index in the county is just over $177,000 and the
number of days homes were on the market had steadily and
significantly declined over the last decade. Of course, there is
uncertainty by the degree to which home values and home sale
turnover will be affected by the pandemic.

Competition for senior living is present in the Kalamazoo area,
with two comparable full service LPCs in the market: Friendship
Village (237 ILUs, 42 ALUs, and 21 memory care units); and
Fountains at Bronson (139 ILUs, 32 ALUs, and 26 memory care units).
StoryPoint (122 ILUs), a relatively new for-profit competitor,
entered the market, although it does not offer the full continuum
of services. Management notes that the market currently does not
have a high-end ILU comparable to what will be offered by HCK's
Revel Creek.

HCK OG's ILU occupancy has been consistently in the 90% range for
the last four fiscal years, including 92% in fiscal 2020. ALU and
memory care occupancy are both consistently above 95%. SNF
occupancy declined modestly to 88% in fiscal 2020 from 90% in 2019.
The SNF occupancy rate decline was due in part to hospitals in the
state having mandated restrictions put in place on elective
procedures in reaction to the coronavirus pandemic.

Fitch expects that HCK OG's current operations will maintain
relatively comparable occupancy rates during the construction of
Revel Creek, although the construction project and ongoing pandemic
may pressure occupancy to some degree, particularly if coronavirus
complications persist.

MIXED FINANCIAL PROFILE

HCK OG's financial profile is mixed, and overall metrics should
improve over time. Favorably, the OG's track-record of operating
ratio is below 100%, averaging less than 95% over the last five
years, including 94.3% in fiscal 2020 (non-IG median is 100.7%).
HCK OG's operating ratio in fiscals 2019 and 2020 would have been
even better if expansion project marketing expenses related to
Revel Creek (roughly $432 thousand and $466 thousand, respectively)
were not included as an operating expense (accounting standards now
stipulate that expansion project marketing costs are treated as an
operating expense). NOM averaged 6.4% between fiscal 2017 and
fiscal 2020, including 7.3% in fiscal 2020 (non-IG median is
3.8%).

The fiscal 2020 results are particularly noteworthy considering
that with a June 30, 2020 year-end, management had to contend with
the coronavirus pandemic for the final three-plus months of the
fiscal year.

Management implemented a number of responses in reaction to the
pandemic and the state of emergency declared in the state,
including: early testing protocols; enacting visitor restrictions
prior to the state of emergency; and creating an isolation and
infection control unit within one week. While the pandemic did not
affect HCK OG financially to the same degree as many organizations,
the OG did pay a premium to shore up PPE and increased staffing
levels, including nurses. These costs were offset in part by the
receipt of CARES Act grants, and HCK OG also took advantage of the
FICA match deferral program.

HCK OG's liquidity is sound for a non-investment grade LPC. At FYE
2020, HCK OG had $19.1 million of unrestricted cash and investments
(per Fitch calculation, this does not include nearly $530 thousand
of Medicare advance payment funds, which are treated as restricted
cash for liquidity calculations). Cash on hand measured more than
380 days (non-IG median is 312 days) and cash-to-debt was in excess
of 75% (non-IG median is 33%) at FYE 2020.

As noted, accounting standards now stipulate that expansion project
marketing expenses are treated as an operating expense, which has
the consequent result of compressing days cash on hand. Pro forma,
including the series 2020A and B bonds, cash-to-debt is much
thinner at 25%. Fitch notes that of the just over $50 million of
series 2020A and B bonds to be issued, nearly $16 million is
temporary debt expected to be paid down by the receipt of entrance
fees from the Revel Creek project. As a result, cash-to-debt should
rebound significantly in the coming years.

Inauspiciously, pro forma MADS coverage is thin at 0.6x (non-IG
median is 1.3x). Fitch notes that pro forma MADS coverage based on
fiscal 2020 results is artificially suppressed because of negative
net entrance fees in fiscal 2020 and all of the series 2020 debt is
layered onto the pro forma balance sheet without given credit for
expected future cash flow related to the expansion project.
Therefore, coverage should increase significantly as entrance fees
from Revel Creek are received. Moreover, HCK OG's debt service
coverage calculation in its bond documents will not include the
Revel Creek expansion project marketing fees.

PRO FORMA LIABILITY PROFILE SOMEWHAT LEVERAGED

HCK OG's pro forma debt burden is somewhat leveraged, although
broadly consistent with non-investment grade LPC medians. Including
the series 2020A and B bonds, pro forma MADS as a percentage of
revenue is nearly 17% (non-IG median is 16.7%). Pro forma
debt-to-net available is unfavorably high at 34x (non-IG median is
10.9x). Similar to MADS coverage, debt-to-net available should
improve significantly as initial entrance fees from Revel Creek pay
down the nearly $16 million of series 2020B temporary bonds.

HCK's debt structure is conservative, with all pro forma debt fixed
rate and no interest rate swaps.

HCK's does not have debt equivalents, as the organization does not
have operating leases or a defined benefit pension plan.

LARGE CAPITAL PROJECT

HCK is in the early stages of developing its Revel Creek ILU
apartment expansion project. Revel Creek is expected to include 60
ILU units, ranging from 880 sf to 1,560 sf, which are quite a bit
larger than HCK OG's current ILU apartments at Wyndham (which range
from 650-to-850 sf). The project is located on the west end of the
existing campus. The construction-related cost estimate of the
project is approximately $39 million. With marketing, financing and
related costs, the total project cost estimate is nearly $53
million. Construction is expected to begin in September 2020 with
an estimated 18-month construction timeline. Marketing for Revel
Creek began in late 2018. Management notes that as of April 30,
2020, the project was 70% sold with 10% depositors.

HCK OG's average age of plant measured a high 19.1 years at FYE
2020, but the addition of Revel Creek will lower this
considerably.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

The highest level of ESG credit relevance, if present, is a score
of 3. This means ESG issues are credit-neutral or have only a
minimal credit impact on the entity(ies), either due to their
nature or to the way in which they are being managed by the
entity(ies).


HERTZ CORP: Committee Taps Benesch as Delaware Counsel
------------------------------------------------------
The Official Committee of Unsecured Creditors of The Hertz
Corporation, and its debtor-affiliates, seeks authorization from
the U.S. Bankruptcy Court for the District of Delaware to retain
Benesch Friedlander Coplan & Aronoff LLP, as Delaware counsel to
the Committee.

The Committee requires Benesch to:

   a. in conjunction with Kramer Levin Naftalis & Frankel LLP,
      provide legal advice where necessary with respect to the
      Committee's powers and duties and strategic advice on
      how to accomplish the Committee's goals, bearing in mind
      that the Court relies on Delaware counsel such as Benesch
      to be involved in all aspects of the bankruptcy
      proceedings;

   b. draf, review and comment on drafts of documents to ensure
      compliance with local rules, practices, and procedures;

   c. assist and advise the Committee in its consultation with
      Kramer Levin and the U.S. Trustee relative to the
      administration of these cases;

   d. draft, file, and serve documents as requested by Kramer
      Levin and the Committee;

   e. assist the Committee and Kramer Levin, as necessary, in the
      investigation, including through discovery, of the acts,
      conduct, assets, liabilities and financial condition of the
      Debtors, the operation of the Debtors' businesses, and any
      other matter relevant to these cases or to the formulation
      of a plan or plans of reorganization or liquidation;

   f. compile and coordinate delivery to the Court and the U.S.
      Trustee information required by the Bankruptcy Code,
      Bankruptcy Rules, Local Rules, and any applicable U.S.
      Trustee guidelines and/or requests;

   g. appear in Court and at any meetings of creditors on behalf
      of the Committee in its capacity as Delaware counsel with
      Kramer Levin;

   h. monitor the case docket and coordinating with Kramer Levin
      and any other professional retained by the Committee on
      matters impacting the Committee;

   i. participate in calls with the Committee;

   j. prepare, update and distribute critical dates memoranda and
      working group lists;

   k. handle inquiries and calls from creditors and counsel to
      interested parties regarding pending matters and the
      general status of these cases and coordinating with Kramer
      Levin on any necessary responses; and

   l. take on additional tasks and projects as the Committee may
      assign.

Benesch will be paid at these hourly rates:

     Partners                  $365 to $895
     Counsels                  $355 to $685
     Associates                $245 to $620
     Paraprofessionals         $110 to $315

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

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

   Question:  Did you agree to any variations from, or
              alternatives to, your standard or customary billing
              arrangements for this engagement?

   Response:  No.

   Question:  Do any of the professionals included in this
              engagement vary their rate based on the geographic
              location of the bankruptcy case?

   Response:  No.

   Question:  If you represented the client in the 12 months
              prepetition, disclose your billing rates and
              material financial terms for the prepetition
              engagement, including any adjustments during the 12
              months prepetition. If your billing rates and
              material financial terms have changed postpetition,
              explain the difference and the reasons for the
              difference.

   Response:  Not applicable.

   Question:  Has your client approved your prospective budget
              and staffing plan, and, if so for what budget
              period?

   Response:  Benesch is developing a budget and staffing plan
              that will be presented for approval by the
              Committee in conjunction with Kramer Levin.

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

Benesch can be reached at:

     Jennifer R. Hoover, Esq.
     BENESCH, FRIEDLANDER, COPLAN &
     ARONOFF LLP
     1313 North Market Street, Suite 1201
     Wilmington, DE 19801
     Telephone: (302) 442-7010
     Facsimile: (302) 442-7012
     E-mail: jhoover@beneschlaw.com

                About The Hertz Corporation

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


HERTZ CORP: Committee Taps Berkeley as Financial Advisor
--------------------------------------------------------
The Official Committee of Unsecured Creditors of The Hertz
Corporation, and its debtor-affiliates, seeks authorization from
the U.S. Bankruptcy Court for the District of Delaware to retain
Berkeley Research Group, LLC, as financial advisor to the
Committee.

The Committee requires Berkeley to:

   a) assist the Committee in analyzing and sensitizing any
      business plan proposed by the Debtors, including, for
      example, revenue and expense projections, fleet
      utilization, operating arrangements and contracts, cost
      saving opportunities;

   b) assist Counsel in the investigation of the secured lenders'
      liens and identifying any unencumbered assets;

   c) analyze the Debtors' securitization arrangements, related
      flow of funds and impact on business operations;

   d) advise and assist the Committee with respect to the use of
      cash collateral;

   e) evaluate relief requested in cash management motion,
      including proper controls related to and financial
      transparency into intercompany transactions;

   f) advise and assist the Committee in its analysis and
      monitoring of the Debtors' and non-Debtor affiliates'
      historical, current, and projected financial affairs,
      including, public filings, schedules of assets and
      liabilities and statement of financial affairs,
      intercompany transactions, and performance on a
      location by location basis;

   g) monitor liquidity throughout the case, including
      scrutinizing cash disbursements to non-Debtor entities;

   h) develop a periodic monitoring report to enable the
      Committee to effectively evaluate the Debtors' financial
      performance relative to projections and any relevant
      operational issues on an ongoing basis;

   i) advise and assist the Committee and Counsel in reviewing
      and evaluating any court motions, applications, or other
      forms of relief, filed or to be filed by the Debtors, or
      any other parties-in-interest;

   j) analyze both historical and ongoing related party
      transactions of the Debtors and non-Debtor affiliates;

   k) assist with the development and review of a cost/benefit
      analysis with respect to the assumption or rejection of
      various executory contracts and leases;

   l) advise and assist the Committee in identifying and/or
      reviewing any preferential payments, fraudulent
      conveyances, and other potential causes of action that the
      Debtors' estates may hold against insiders and/or third
      parties;

   m) assist the Committee in analyzing potential recoveries to
      unsecured creditors under various scenarios;

   n) assist in negotiating a plan of restructuring and
      disclosure statement and if applicable, the development and
      analysis of any bankruptcy plans proposed by the Committee;

   o) monitor the Debtors' claims management process, including
      analyzing claims and guarantees, rejection damages,
      estimating claims as appropriate and summarizing claims by
      Debtor entity;

   p) advise and assist the Committee in its assessment of the
      Debtors' employee needs and related costs including any
      recent employee bonuses or retention payments, any proposed
      KERP or KEIP and any issues related to collective
      bargaining agreements;

   q) provide support for UBS and Counsel as necessary to address
      issues related to the any future debtor-in-possession
      financing and any subsequent exit financing;

   r) provide assistance to UBS and Counsel in any sale processes
      or monetization of miscellaneous assets;

   s) assess the Debtors' international operations and the impact
      of any insolvency proceedings in foreign countries;

   t) work with the Debtors' tax advisors to ensure that any
      restructuring or sale transaction is structured to minimize
      tax liabilities to the estate;

   u) work with the Debtors' tax advisors to maximize the value
      of U.S. and international tax attributes;

   v) participate in meetings and discussions with the Committee,
      the Debtors, and the other parties-in-interest and with
      their respective professionals and attending court hearings
      as may be required;

   w) provide the services of testifying experts, including
      testimony and expert reports, as requested by the
      Committee, such services to be paid for at the testifying
      experts' ordinary hourly rates; and

   x) perform other matters as may be requested by the Committee
      or Counsel from time to time, including: preparing
      litigation or forensic analyses that have not yet been
      identified but as may be requested by the Committee and its
      Counsel.

Berkeley will be paid at these hourly rates:

     Managing Director           $825 to $1,095
     Director                    $625 to $835
     Professional Staff          $295 to $740
     Support Staff               $125 to $260

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

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

Berkeley can be reached at:

     David Galfus
     BERKELEY RESEARCH GROUP, LLC
     250 Pehle Ave.
     Saddle Brook, NJ 07663
     Tel: (201) 587-7100

                  About The Hertz Corporation

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


HERTZ CORP: Committee Taps UBS Securities as Investment Banker
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of The Hertz
Corporation, and its debtor-affiliates, seeks authorization from
the U.S. Bankruptcy Court for the District of Delaware to retain
UBS Securities LLC, as investment banker to the Committee.

The Committee requires UBS Securities to:

   a) review and analyze the Debtors' business, operations,
      properties, financial condition and prospects;

   b) analyze the Debtors' business plans, financial projections
      and forecasts;

   c) assist the Committee in analyzing the Debtors' debt
      capacity, enterprise value, alternative capital structures
      (including any refinancings), assets and liabilities,
      various restructuring scenarios, and strategic
      alternatives;

   d) review and analyze any plan of reorganization, disclosure
      statement and any liquidation analyses relating to the
      Debtors, including, if applicable, the development and
      analysis of any plan of reorganization proposed by the
      Committee;

   e) advise and assist the Committee in reviewing and evaluating
      any motions, applications or other forms of relief filed or
      to be filed by the Debtors or any other parties-in-interest
      in the Bankruptcy Cases;

   f) analyze and monitor any prior, pending and future sale
      processes and transactions and assets, the reasonableness
      of such processes and the consideration received;

   g) analyze the Debtors' assets and liabilities, and potential
      recoveries to creditor constituencies under various
      scenarios;

   h) analyze intercompany and/or related party transactions of
      the Debtors and non-Debtor affiliates;

   i) advise and assist the Committee with respect to any debtor-
      in-possession financing arrangements, including assist the
      Committee in identifying potential alternative sources of
      liquidity in connection with any debtor-in-possession
      financing, any chapter 11 plan(s) or otherwise;

   j) represent the Committee in negotiations with the Debtors
      and third parties with respect to any of the foregoing;

   k) attend Committee meetings and Bankruptcy Court hearings as
      may be required;

   l) provide the services of testifying experts, including
      testimony and expert reports, as requested by the
      Committee;

   m) review and provide an analysis of any valuation of the
      Debtors or their assets; and

   n) provide such other investment banking services in
      connection with a Restructuring as UBS Securities
      and the Committee may agree.

UBS Securities will be paid as follows:

   a) Monthly Fees: Commencing as of the Effective Date,
      whether or not a Restructuring (as defined below) is
      consummated, a nonrefundable monthly fee of $200,000
      (the "Monthly Fee"), the first of which shall be due and
      paid by the Debtors upon approval of this Agreement by the
      Bankruptcy Court and thereafter on each monthly anniversary
      of the Effective Date, prorated for any partial month.
      25% of the Monthly Fees actually paid after 10 months from
      the Effective Date shall be credited against any Completion
      Fee.

   b) Completion Fee: A fee (a "Completion Fee") shall be payable
      to UBS Securities upon the effective date of any
      Restructuring in the amount of $6,500,000.

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

UBS Securities can be reached at:

     Elizabeth LaPuma
     UBS SECURITIES LLC
     11 Wall St.
     New York, NY 10005
     Tel: (212) 825-0132

                 About The Hertz Corporation

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



HERTZ CORP: Creditors Panel Taps Kramer Levin as Counsel
--------------------------------------------------------
The Official Committee of Unsecured Creditors of The Hertz
Corporation, and its debtor-affiliates seeks authorization from the
U.S. Bankruptcy Court for the District of Delaware to retain Kramer
Levin Naftalis & Frankel LLP, as counsel to the Committee.

The Committee requires Kramer Levin to:

   (a) assist in the administration of the bankruptcy case and
       the  exercise of oversight with respect to the Debtors'
       affairs, including all issues in connection with the
       Debtors, the Committee, and/or these Chapter 11 Cases;

   (b) assist in the preparation on behalf of the Committee of
       necessary applications, motions, objections, memoranda,
       orders, reports, and other legal papers;

   (c) appear in Court, participate in litigation as a party-in-
       interest, and at statutory meetings of creditors to
       represent the interests of the Committee;

   (d) evaluate, negotiate and confirm of a Chapter 11 plan of
       reorganization and matters related thereto;

   (e) evaluate, negotiate and represent in Court related to
       important events affecting the Debtors' businesses,
       including but not limited to the Debtors' motion to reject
       certain unexpired vehicle leases, the Debtors' motion to
       use cash collateral, and any requests for financing that
       the Debtors may make;

   (f) investigate, as directed by the Committee, of among other
       things, assets, liabilities, and financial condition of
       the Debtors, prior transactions, and operational issues
       concerning the Debtors that may be relevant to these
       Chapter 11 Cases;

   (g) communicate with the Committee's constituents in
       furtherance of its responsibilities, including, but not
       limited to, communications required under section 1102 of
       the Bankruptcy Code; and

   (h) perform all of the Committee's duties and powers under the
       Bankruptcy Code and the Bankruptcy Rules and the
       performance of such other services as are in the interests
       of those represented by the Committee.

Kramer Levin will be paid at these hourly rates:

     Partners                $1,050 to $1,500
     Counsel                 $1,050 to $1,400
     Special Counsel           $995 to $1,160
     Associates                $585 to $1,040
     Paraprofessionals         $270 to $450

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

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

     (a) Kramer Levin does not hold or represent an interest
         adverse to the Committee, the Debtors, or the estates in
         the Chapter 11 Cases;

     (b) Kramer Levin is a "disinterested person" as defined by
         section 101(14) of the Bankruptcy Code; and

     (c) Kramer Levin has no connection with the Committee, the
         Debtors, creditors, any other party in interest, their
         respective attorneys and accountants, the U.S. Trustee,
         or any person employed in the office of the U.S. Trustee
         in these Chapter 11 Cases.

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

Kramer Levin can be reached at:

     Amy Caton, Esq.
     KRAMER LEVIN NAFTALIS & FRANKEL LLP
     1177 Avenue of the Americas
     New York, NY 10036
     Telephone: (212) 715-9100
     Facsimile: (212) 715-8000
     E-mail: acaton@kramerlevin.com

                   About The Hertz Corporation

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


HERTZ CORP: Hires Boston Consulting as Strategic Advisor
--------------------------------------------------------
The Hertz Corporation, seeks authority from the U.S. Bankruptcy
Court for the District of Delaware to employ The Boston Consulting
Group, Inc., as strategic advisor to the Debtors.

Hertz Corporation requires Boston Consulting to:

   a. Boston Consulting will assist the Debtors in developing and
      articulating:

      i. a five-year vision for Hertz's future business model,
         including role for the core rental business;

      ii. view on innovating core & winning in international;

      iii. three-year tangible business plan;

      iv. an investment narrative outlining the business and
          strategic logic for the Hertz Go-Forward Plan,
          including a view of competitive advantage implied by
          the future Hertz business model;

      v. a re-defined operating model including details on such
         items as future fleet requirements (make/model and
         impact on financing & management needs), partnership
         needs, technology; and financial implications of the
         Hertz Go-Forward Plan (for example, revenue, margin,
         investment, ROI implications);

      vi. an implementation plan that bridges current trajectory
          and capabilities to the desired end-state of the Hertz
          Go-Forward Plan, including details on such items as the
          need for increased digital/technology enabled solutions
          to execute on the plan, critical milestones, Key
          Performance Indicators ("KPIs") and resources needed to
          execute.

   b. Boston Consulting will provide three (3) deliverables:

      i. Five-year vision for Hertz's future business model;

      ii. Three-year business plan, operating model, and
          investment narrative; and

      iii. An implementation plan, each as further defined in the
           Engagement Agreement.

Boston Consulting will be paid a fixed fee of $3 million inclusive
of all expenses, but excluding taxes.

Jason Guggenheim, managing director and senior partner of The
Boston Consulting Group, Inc., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Boston Consulting can be reached at:

     Jason Guggenheim
     THE BOSTON CONSULTING GROUP, INC.
     1075 Peachtree Street, NE, Suite 3800
     Atlanta, GA 30309
     Tel: (404) 877-5200

                  About The Hertz Corporation

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


HERTZ CORP: Hires Ernst & Young as Tax Service Provider
-------------------------------------------------------
The Hertz Corporation, and its debtor-affiliates seek authority
from the U.S. Bankruptcy Court for the District of Delaware to
employ Ernst & Young LLP, as audit and tax service provider to the
Debtors.

Hertz Corporation requires Ernst & Young to:

   A. 2020 Audit Engagement Letter

     -- audit and report on The Hertz Corporation's and Hertz
        Global Holdings, Inc.'s (collectively the "Companies")
        consolidated financial statements and supplemental
        information for the year ended December 31, 2020;

     -- audit and report on the effectiveness of the Companies'
        internal control over financial reporting as of December
        31, 2020; and

     -- review the Companies' unaudited interim financial
        information before the Companies file their Form 10-Q for
        the interim periods included in the year ended December
        31, 2020.

   B. Routine Tax Advisory

     -- provide to the Debtors routine tax advice and assistance
        concerning issues as requested by the Debtors when such
        projects are not covered by a separate work and do not
        involve any significant tax planning or projects (the
        "On-Call Tax Advisory Services").

     -- The Routine Tax Advisory is intended to be used for
        engagements to respond to general tax questions and
        assignments that are expected, at the beginning of the
        project, to involve total professional time not to exceed
        (with respect to the specific project) $25,000.

     -- The projects covered by the Routine Tax Advisory include
        assistance with tax issues by answering discrete
        questions, drafting memoranda describing how specific tax
        rules work, assisting with general transactional issues,
        and assisting the Debtors in connection with their
        dealings with tax authorities (other than representing
        the Debtors in an examination or an appeal before the IRS
        or other taxing authority). Specific tasks that may be
        involved in connection with the Services include the
        following: participating in meetings and telephone calls
        with the Debtors; participating in meetings and telephone
        calls with taxing authorities and other third parties
        where the Firm is not representing the Debtors in an
        examination or an appeal before the taxing authority;
        reviewing transaction-related documentation; researching
        technical issues; and preparing technical memoranda,
        letters, e-mails, and other written documentation.

   C. Sales Tax Efficient Procurement (STEP)

     -- provide tax advice regarding the feasibility of a Tax
        Efficient Procurement ("TEP") structure. Specifically,
        these tax advisory services provide an opportunity to
        evaluate the implementation of a TEP structure in
        jurisdictions which the Debtors may be eligible to
        utilize the value of used vehicles to reduce sales or
        other motor vehicles excise taxes.

   D. Global Tax Incentives Tracker and Assistance

     -- track information issued by applicable jurisdictions and
        government agencies (e.g., legislative, regulatory, etc.)
        regarding global COVID incentive/relief programs as known
        to the Firm.

     -- work with the Debtors' to identify relief programs for
        which the Debtors' qualify.

     -- assist with analysis and actions related to tax
        legislation proposed and/or enacted in response to COVID-
        19 (the "Legislation").

   E. Tax Policy Advisory

     -- monitor global and/or U.S. federal tax policy
        developments that affect the Debtors' current operations
        and structure. The Firm will convey updates to the
        Debtors in brief monthly emails or separate emails for
        urgent issues as appropriate.

     -- monitor legislation across all U.S. states. The Firm will
        convey updates to the Debtors in the form of a monthly
        report.

     -- hold monthly update calls with the Debtors to review
        global, U.S. federal, and/or U.S. state tax policy
        developments affecting the Debtors' current operations
        and structure.

Ernst & Young will be paid as follows:

   A. The 2020 Audit Engagement Letter

     Partner                   $890
     Managing Director         $700
     Senior Manager            $605
     Manager                   $510
     Senior                    $350
     Staff/Intern              $180

   B. Routine Tax Advisory
   C. Sales Tax Efficient Procurement
   D. Global Tax Incentives Tracker and Assistance

     Partner/Principal         $725
     Managing Director         $670
     Senior Manager            $600
     Manager                   $500
     Senior                    $335
     Staff                     $220

   E. Tax Policy Advisory

     Partner/Principal         $1,000
     Managing Director         $1,000
     Senior Manager            $650
     Manager                   $420
     Senior                    $300
     Staff                     $150

Ernst & Young will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

Ernst & Young can be reached at:

     Mike Brennan
     ERNST & YOUNG LLP
     201 North Franklin Street, Suite 2400
     Tampa, FL 33602
     Tel: (813) 225-4800

                  About The Hertz Corporation

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


HERTZ GLOBAL: Cancels Common Stock Sale While in Chapter 11
-----------------------------------------------------------
Law360 reports that on June 18, 2020, Hertz Global Holdings Corp.
abandoned its plan to issue post-filing, preconfirmation common
stock to public investors.

Hertz's bankruptcy lawyers had obtained approval just under a week
earlier to sell Hertz common shares in an at-the-market offering to
raise money for the estate even as the lawyers admitted they could
not explain why the apparently worthless stock continues to trade
at significant value. Not surprisingly, the U.S. Securities and
Exchange Commission expressed concern with the offering and Hertz's
directors gave up on the plan.

                       About Hertz Global

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


HERTZ GLOBAL: Jefferies Says It Could Sell Inventory to CarMax
--------------------------------------------------------------
Bailey Lipschultz, writing for Bloomberg Law, reports that Hertz
Global Holdings Inc. could flip its roughly 150,000-car inventory
as it looks to stay afloat after filing for bankruptcy last month,
according to analysts at Jefferies.

Channel checks suggest used-car firms like CarMax Inc. and
AutoNation Inc. could be among those eyeing Hertz in bankruptcy
amid a rise in demand for used cars, analysts led by Hamzah Mazari
and Bret Jordan wrote in a note to clients. The move could help
ease some pressure for Hertz, as a sale of its used-car fleet would
shore up some cash concerns and could fetch about $3 billion, the
analysts said.

                About Hertz Global Holdings

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


HITZ RESTAURANT: Court Ruling Could Set Rent Relief for Others
--------------------------------------------------------------
Peter Romero, writing for Restaurant Business Online, reports that
the Chapter 11 bankruptcy ruling of bankruptcy judges could provide
COVID-10 pandemic affected Hitz Restaurant.

The judge's action in a Chapter 11 bankruptcy case is believed to
be among the first uses of a common legal concept as leverage
against landlords.

A little-noticed court ruling could provide a way for restaurants
devastated by the forced shutdowns of their dining rooms to get a
break on rents for the months they were limited to takeout and
delivery.

Lawyers say the situation was an early test of whether states'
orders to suspend dine-in service because of COVID-19 invoked a
common lease stipulation that cancels the obligations of renter or
landlord. The force majeur clause waives the parties'
responsibilities if an unforeseen act prevents either one from
meeting their responsibilities.

Hitz Restaurant Group, a multi-concept operator based in Chicago,
had a lease that specifically cites "laws, government action or
inaction, orders of government" as examples of a force majeur. The
company filed for Chapter 11 bankruptcy protection from creditors,
citing the loss of sales from the COVID-19 pandemic.

Hitz argued to a bankruptcy court judge that its rent obligations
for April, May and June should be waived because Illinois Gov. Jay
Pritzker had directed all dining rooms in Illinois to close in
March. One of its landlords, Kass Management Services, contended
that it was due the full rent because the restaurant on its
property could still offer takeout and delivery.

It also argued that Hitz could have borrowed the money under the
Paycheck Protection Program (PPP) to meet its rent obligations.

The judge presiding over the bankruptcy case, Donald Cassling,
decided that Hitz's rent obligation should be prorated to what
percentage of the restaurant in question was devoted to takeout and
delivery. He noted in his ruling that Hitz had said its kitchen was
still in use during the pandemic, and the back of house accounted
for roughly 25% of the place's footprint. Cassling directed the
restaurant company to pay 25% of its rent, or $2,640.31 per month,
to Kass for April, May and June.

He rejected Kass' argument that money could have been obtained
through the PPP, saying the force majeur clause in Hitz's lease
said nothing about borrowing money to meet its obligations.

The ruling comes as many restaurant operators are saying their
survival depends on the willingness of landlords to provide a break
on rent, if not total forgiveness. They argue that rent shouldn't
be charged for the months when operations were totally closed, even
if a lease was still in force.

The situation is more complicated now that on-premise restaurant
service has been allowed to resume in some form within every
state.

The concept of force majeur has seldom entered into legal
wranglings over unpaid rent, the law firm Duane Morris noted in a
blog post on the Hitz case. "This decision is one of the first to
test the application of a force majeure clause in the COVID-19
pandemic," the analysis says.

Prior related decisions provide little guidance, the firm observes.
"This decision provides an early data point into how courts may
apply force majeure provisions to issues related to the COVID-19
epidemic, including government shutdown orders,” it states.

The force majeure clause is already starting to figure into
restaurants' efforts to secure rent abatements, says Angelo Amador,
executive director of the Restaurant Law Center, the arm of the
National Restaurant Association that uses the court system to
promote and protect the industry's interests.

The strategy could prove helpful, he says, to operations that have
or are thinking of filing for bankruptcy protection; have a force
majeure clause in their leases; couldn't afford rent during the
months they were closed because of a health order; and remain in
the location and intend to reopen.

With case law, or building off prior court rulings, nuances often
accrue to a legal principle such as force majeure as it figures
into more questions before a court.

                 About Hitz Restaurant Group

Hitz Restaurant Group sought protection under Chapter 11 of the US
Bankruptcy Code (Bankr. N.D. Ill. Case No. 20-05012) on Feb. 24,
2020, listing under $1 million in both assets and liabilities.
Richard N. Golding, Esq. at THE GOLDING LAW OFFICES, P.C.,
represents the Debtor as counsel.



HOLBROOK/SEARIGHT: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Holbrook/Searight, LLC
        7125 22th St. NW
        Edmonds, WA 98026

Chapter 11 Petition Date: July 30, 2020

Court: United States Bankruptcy Court
       Western District of Washington

Case No.: 20-12038

Judge: Hon. Marc Barreca

Debtor's Counsel: James E. Dickmeyer, Esq.
                  LAW OFFICE OF JAMES E. DICKMEYER PC
                  520 Kirkland Way Ste 400
                  PO Box 2623
                  Kirkland, WA 98083-2623
                  Tel: (425) 889-2324
                  Email: jim@jdlaw.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Timothy R. Holbrook, managing member.

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

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

                     https://is.gd/wdJA8n


HOLOGENIX INC: Hires Ellis LLP as Special Litigation Counsel
------------------------------------------------------------
Hologenix, LLC seeks authority from the U.S. Bankruptcy Court for
the Central District of California to hire Tucker Ellis LLP as
special litigation counsel.

On Feb 28, 2019, one of the Debtor's competitors, Multiple Energy
Technologies, LLC (MET) filed its lawsuit titled
"Multiple Energy Technologies, LLC v. Hologenix, LLC" in the United
States District Court for the Central District of California,
bearing case number 2:19-cv-1483-PA-RAO.  

The Debtor does not know when but expects MET to file papers with
the District Court imminently. The dispute involves issues about
the Lanham Act, the FDA, and allegations of unfair business
practices and/or false or misleading advertising.

The Debtor seeks to employ Tucker Ellis for the purpose of
representing the Debtor before the District Court in the imminently
forthcoming litigation with MET regarding whether it is in
compliance with the MET Settlement and Injunction. The
professionals at Tucker Ellis primarily responsible for this
engagement are Matthew Kaplan and Chad M. Eggspuehler.

Mr. Kaplan's hourly billing rate is $625. Mr. Eggspuehler's hourly
billing rate is $375. Hourly rates for Tucker Ellis are generally
between $380 and $900 for partners and counsel, and $195 to $480
for associates, varying from office to office; legal assistant and
clerk hourly rates range from $165 to $295 per hour. Tucker Ellis
has agreed to provide a 5% discount rate for the Debtor.

Tucker Ellis  will receive a post-petition retainer in the amount
of $20,000.

Tucker Ellis does not hold or represent any interest materially
adverse to the Debtor or the Debtor's estate with respect to the
matters for which Tucker Ellis is to be employed, according to
court filings.

The firm can be reached through:

     Matthew Kaplan, Esq.
     Tucker Ellis LLP
     515 South Flower Street, 42nd Floor
     Los Angeles, CA 90071
     Phone: 213-430-3309
     Fax: 213-430-3409
     Email: mathew.kaplan@tuckerellis.com

                     About Hologenix LLC

Hologenix, LLC is the inventor of Celliant technology
(https://celliant.com), a patented, clinically-tested textile
technology that harnesses and recycles the body's natural energy.

Based in Pacific Palisades, Calif., Hologenix filed its voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal.
Case No. 20-13849) on April 22, 2020. In the petition signed by
Seth Casden, chief executive officer, Debtor estimated $1 million
to $10 million in both assets and liabilities.  Judge Barry Russell
oversees the case.  Levene, Neale, Bender, Yoo & Brill L.L.P.
represents Debtor as legal counsel.


HORNBECK OFFSHORE: Joint Prepackaged Plan Confirmed by Judge
------------------------------------------------------------
Judge David R. Jones has entered findings of fact, conclusions of
law, and order approving the Disclosure Statement and confirming
Joint Prepackaged Chapter 11 Plan of Reorganization of Hornbeck
Offshore Services, Inc. and its Debtor Affiliates.

The Plan satisfies the requirements of section 1129(a)(3) of the
Bankruptcy Code.  The Debtors have proposed the Plan in good faith
and not by any means forbidden by law.  In so determining, the
Court has examined the totality of the circumstances surrounding
the filing of these Chapter 11 Cases, the Plan, the Restructuring
Support Agreement, the support of Holders of Claims for the Plan,
and the transactions to be implemented pursuant thereto.

The Plan is the product of good faith, arm's-length negotiations by
and among the Debtors and the Consenting Creditors, among others.
The Plan itself and the process leading to its formulation provides
independent evidence of the Debtors' and such other parties' good
faith, serves the public interest, and assures fair treatment of
holders of claims and interests.

A full-text copy of the Plan Confirmation Order dated June 19,
2020, is available at https://tinyurl.com/ya67s9nd from
PacerMonitor at no charge.

Proposed Co-Counsel to the Debtors:

          JACKSON WALKER L.L.P
          Matthew D. Cavenaugh
          Kristhy M. Peguero
          Jennifer F. Wertz
          Veronica A. Polnick
          1401 McKinney Street, Suite 1900
          Houston, Texas 77010
          Telephone: (713) 752-4200
          Facsimile: (713) 752-4221
          E-mail: mcavenaugh@jw.com
                  kpeguero@jw.com
                  jwertz@jw.com
                  vpolnick@jw.com

               - and -

          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          Edward O. Sassower, P.C.
          Ameneh M. Bordi
          601 Lexington Avenue
          New York, New York 10022
          Telephone: (212) 446-4800
          Facsimile: (212) 446-4900
          E-mail: edward.sassower@kirkland.com
                  ameneh.bordi@kirkland.com  

                 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 CHARLES: Gets Approval to Hire DeCaro & Howell as Counsel
---------------------------------------------------------------
Hotel Charles Enterprises, LLC received approval from the U.S.
Bankruptcy Court for the District of Maryland to employ Thomas F.
DeCaro, Jr. and Marla L. Howell of DeCaro & Howell, P.C. as its
counsel.

The Court ordered the approval of the employment of DeCaro & Howell
as counsel to the Debtor.

The firm can be reached through:
   
     Thomas F. DeCaro, Jr., Esq.
     DECARO & HOWELL, P.C.
     14406 Old Mill Rd., Suite 201
     Upper Marlboro, MD 20772
     Telephone: (301) 464-1400
     Facsimile: (301) 464-4776
     Email: tfd@erols.com

                            About Hotel Charles Enterprises

Hotel Charles Enterprises, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Md. Case No. 13-22613) on July
24, 2013, listing under $1 million in both assets and liabilities.
Judge Thomas J. Catliota oversees the case. The Debtor tapped
Thomas F. DeCaro, Jr., Esq., and Marla L. Howell, Esq. at DeCaro &
Howell P.C. as legal counsel.


IM PAYROLL: Case Summary & Unsecured Creditor
---------------------------------------------
Debtor: IM Payroll, LLC
        1761 Yardley Langhorne Road
        Yardley, PA 19067

Business Description:     IM Payroll, LLC is an affiliate of K.G.
                          IM, LLC, et al., operators of Italian
                          luxury dining restaurant brands.

Chapter 11 Petition Date: July 31, 2020

Court:                    United States Bankruptcy Court
                          Southern District of New York

Case No.: 20-11778

Judge:                    Judge: Hon. Martin Glenn

Debtor's Counsel:         Gerard S. Catalanello, Esq.
                          ALSTON & BIRD LLP
                          90 Park Avenue
                          New York, New York 10016
                          Tel: 212-210-9400
                          Email: gerard.catalanello@alston.com

Debtors'
Special
Corporate
Counsel:                  TRAXI LLC

                            - and -

                          DAVIS & GILBERT LLP

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Gerald Katzoff, manager.

The Debtor listed Empire State Bank as its sole unsecured creditor
holding a claim of $215,900.

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

                        https://is.gd/8nr7B3

A motion has been filed with the Court requesting that the Chapter
11 case of IM Payroll be consolidated for procedural purposes only
and jointly administered, pursuant to Rule 1015(b) of the Federal
Rules of Bankruptcy Procedure, under the case number assigned to
the chapter 11 case K.G. IM, LLC (Bankr. S.D.N.Y. Case No.
20-11723.


INGLES MARKETS: Moody's Hikes CFR to Ba1, Outlook Stable
--------------------------------------------------------
Moody's Investors Service upgraded Ingles Markets, Incorporated's
Corporate Family Rating and Probability of Default Rating to Ba1
and Ba1-PD respectively. In addition, Moody's upgraded the rating
of the company's senior unsecured notes to Ba2 from Ba3. Moody's
also changed the company's Speculative Grade Liquidity Rating to
SGL-1 from SGL-2. The rating outlook is stable.

"The upgrade reflects Ingles' strong credit metrics and its ability
to compete successfully with alternative food retailers and
traditional grocers in its markets," Moody's Vice President Mickey
Chadha stated. "Ingles has benefitted from pantry loading and
restaurant closures during the coronavirus pandemic but it's
consistent and strong operating performance precedes the
coronavirus related boost", Chadha further stated.

Upgrades:

Issuer: Ingles Markets, Incorporated

  Probability of Default Rating, Upgraded to Ba1-PD from Ba2-PD

  Speculative Grade Liquidity Rating, Upgraded to SGL-1 from SGL-2

  Corporate Family Rating, Upgraded to Ba1 from Ba2

  Senior Unsecured Regular Bond/Debenture, Upgraded to Ba2 (LGD5)
from Ba3 (LGD4)

Outlook Actions:

Issuer: Ingles Markets, Incorporated

  Outlook, Remains Stable

RATINGS RATIONALE

Ingles' Ba1 Corporate Family Rating reflects its solid regional
franchise, its base of owned real estate and very good liquidity.
Ingles' financial leverage is modest with debt/EBITDA at about 3.0
times and interest coverage is strong with EBIT/interest at about
4.0 times at March 28, 2020. Moody's expects leverage to be about
2.5 times in the next 12-18 months even though Moody's expects
buying patterns to normalize as the coronavirus related pantry
loading subsides as the company is expected to maintain a lower
debt burden. Like its peers, Ingles has benefited from pantry
loading and panic buying by consumers due to the coronavirus
related disruptions.

However, even prior to the coronavirus pandemic Ingles outperformed
its peers in a challenging business environment. The company's
large base of stores that are owned rather than leased represent a
credit positive, as it reduces Ingles' fixed cost burden relative
to companies with leased real estate, and provides a source of
value to creditors. The company's credit profile is constrained by
its small scale, increasing competitive encroachment and geographic
concentration in six southeastern states.

The stable outlook incorporates its expectation that the company's
same store sales growth will continue to outperform its peers,
financial policies will remain benign and credit metrics will not
deteriorate in the next 12 months.

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

The increasing competitive encroachment and the company's regional
concentration are constraints to an upgrade. An upgrade would
require an articulated financial policy, capital structure,
meaningfully enhanced competitive position and liquidity that
supports an investment grade rating. Quantitatively ratings could
be upgraded if same store sales growth is consistently positive,
liquidity is very good, debt/EBITDA is sustained below 2.25 times,
and EBIT/interest is sustained above 5.5 times.

Ratings could be downgraded if the company's profitability or
liquidity deteriorate or same store sales growth demonstrates a
declining trend. Quantitatively ratings could be downgraded if debt
to EBITDA is sustained above 3.0 times or EBIT to interest is
sustained below 3.5 times.

Ingles Markets, Incorporated is a supermarket chain with operations
in six southeastern states. Headquartered in Asheville, North
Carolina, the company operates 198 supermarkets. The company also
owns and operates neighborhood shopping centers, most of which
contain an Ingles supermarket. The company owns 162 of its
supermarkets, either in free-standing stores or as the anchor
tenant in an owned shopping center. The company also owns and
operates a milk processing and packaging plant that supplies
approximately 79% of the milk products sold by the company's
supermarkets as well as a variety of organic milk, fruit juices and
bottled water products. In addition, the milk processing and
packaging plant sells approximately 73% of its products to other
retailers. Revenues are approximately $4.4 billion.

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


INSPIREMD INC: Selling $9.3 Million Worth of Common Stock
---------------------------------------------------------
InspireMD, Inc. entered into a sales agreement with A.G.P./Alliance
Global Partners, as sales agent, pursuant to which the Company may
offer and sell, from time to time, at its option, through or to
A.G.P., up to an aggregate of approximately $9,300,000 of shares of
the Company's common stock, $0.0001 par value per share.  Any
Shares to be offered and sold under the Sales Agreement will be
issued and sold pursuant to the Company's Registration Statement on
Form S-3 (File No. 333-223130), filed with the Securities and
Exchange Commission on Feb. 21, 2018 and the prospectus supplement
thereto filed with the SEC on July 28, 2020, relating to the
Offering, by methods deemed to be an "at the market offering" as
defined in Rule 415(a)(4) promulgated under the Securities Act of
1933, as amended, or if specified by the Company, by any other
method permitted by law.

Subject to the terms of the Sales Agreement, A.G.P. will use its
commercially reasonable efforts consistent with its normal trading
and sales practices and applicable state and federal laws, rules
and regulations and the rules of The NYSE American to sell the
Shares from time to time, based upon the Company's instructions
(including any price, time or size limits or other customary
parameters or conditions the Company may impose).  The Company
cannot provide any assurances that it will issue any Shares
pursuant to the Sales Agreement.  The Company will pay A.G.P. a
commission at a fixed rate of 3.0% of the aggregate gross proceeds
from each sale of the Shares under the Sales Agreement.  The
Company will also reimburse A.G.P. for certain expenses incurred in
connection with the Sales Agreement and has agreed to provide
A.G.P. with customary indemnification rights with respect to
certain liabilities, including liabilities under the Securities Act
and the Securities Exchange Act of 1934, as amended.

The Company currently intends to use any net proceeds from the
Offering for research and development, sales and marketing, working
capital and other general corporate purposes, and any other
purposes that may be stated in any future prospectus supplement.

                      About InspireMD Inc.

Headquartered in Tel Aviv, Israel, InspireMD --
http://www.inspiremd.com/-- is a medical device company focusing
on the development and commercialization of its proprietary
MicroNet stent platform technology for the treatment of complex
vascular and coronary disease.  A stent is an expandable
"scaffold-like" device, usually constructed of a metallic material,
that is inserted into an artery to expand the inside passage and
improve blood flow.  Its MicroNet, a micron mesh sleeve, is wrapped
over a stent to provide embolic protection in stenting procedures.

InspireMD recorded a net loss of $10.04 million for the year ended
Dec. 31, 2019, compared to a net loss of $7.24 million for the year
ended Dec. 31, 2018.  As of March 31, 2020, the Company had $7.38
million in total assets, $3.91 million in total liabilities, and
$3.48 million in total equity.

Kesselman & Kesselman, in Tel-Aviv, Israel, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated March 9, 2020, citing that the Company has suffered recurring
losses from operations and cash outflows from operating activities
that raise substantial doubt about its ability to continue as a
going concern.


INTELSAT SA: Court Challenges Its $17M Exec Bonuses Request
-----------------------------------------------------------
Alex Wolf, writing for Bloomberg Law, reports that Intelsat SA
encountered challenges in requesting $17 million executive bonuses
at the bankruptcy court.

Intelsat SA's request to pay six top executives bonuses for hitting
performance marks while reorganizing the bankrupt satellite
operator doesn't appear "genuinely incentivizing," the Justice
Department said, challenging the $17 million proposal.

Intelsat has failed to show that its "key employee incentive
program" is anything more than a bid to induce top managers to stay
with the company during its Chapter 11 case, the U.S. Trustee's
office said in an objection filed at the U.S. Bankruptcy Court for
the Eastern District of Virginia.

                     About Intelsat SA

Intelsat S.A. -- http://www.intelsat.com/-- is a publicly held
operator of satellite services businesses, which provides a diverse
array of communications services to a wide variety of clients,
including media companies, telecommunication operators, internet
service providers, and data networking service providers.  The
Company is also a provider of commercial satellite communication
services to the U.S. government and other select military
organizations and their contractors. The Company's administrative
headquarters are in McLean, Virginia, and the Company has extensive
operations spanning across the United States, Europe, South
America, Africa, the Middle East, and Asia.

Intelsat S.A., based in L-1246 Luxembourg, and its affiliates
sought Chapter 11 protection (Bankr. E.D. Va. Lead Case No.
20-32299) on May 14, 2020.  The petition was signed by David
Tolley, executive vice president, chief financial officer, and
co-chief restructuring officer. In its petition, the Debtor
disclosed $11,651,558,000 in assets and $16,805,844,000 in
liabilities.  

The Debtors tapped KIRKLAND & ELLIS LLP, and KUTAK ROCK LLP, as
counsel; ALVAREZ & MARSAL NORTH AMERICA, LLC as restructuring
advisor; PJT PARTNERS LP as investment banker; and STRETTO as
claims and noticing agent.


INTERSTATE FIRE: Seeks to Hire R. J. Montgomery as Auctioneer
-------------------------------------------------------------
Interstate Fire Protection, Inc. seeks authority from the United
States Bankruptcy Court for the Eastern District of Michigan to
employ R. J. Montgomery and Associates, Inc. as its auctioneer.

R J Montgomery will conduct a public auction of the Debtor.s
personal property. The property in question includes vehicles,
equipment, parts and inventory.

R J Montgomery will charge the successful bidder a 16% buyer's
premium to be retained as the auctioneer's sales commission. In
addition, R J Montgomery has estimated auction expenses of $7,900,
for all expenses associated with advertising, cleaning, auctioning
and miscellaneous labor.  

Richard A. Montgomery,  president of R. J. Montgomery, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

The firm can be reached through:

     Richard A. Montgomery
     RJ Montgomery & Associates, Inc.
     695 Amelia St
     Plymouth, MI 48170
     Phone: +1 734-459-2323

                  About Interstate Fire Protection, Inc.

Interstate Fire Protection, Inc. offers fire sprinkler system
installation services.

Interstate Fire Protection, Inc. filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich.
Case No. 20-47514) on July 8, 2020. The petition was signed by
Robert Peters, shareholder. At the time of filing, the Debtor
estimated $50,000 in assets and $1 million to $10 million in
liabilities. Mark H. Shapiro, Esq. at STEINBERG SHAPIRO & CLARK
represents the Debtor as counsel.


INTERSTATE FIRE: Seeks to Hire Steinberg Shapiro as Legal Counsel
-----------------------------------------------------------------
Interstate Fire Protection, Inc. seeks authority from the United
States Bankruptcy Court for the Eastern District of Michigan to
employ the law firm of Steinberg Shapiro & Clark as its attorneys.

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

Steinberg charges these hourly fees:

     Mark Shapiro               $400
     Tracy Clark                $325
     Lauren Schumacher Oriani   $225  
     Legal Assistant             $95   

Mark Shapiro, Esq., at Steinberg, disclosed in court filings that
the firm and its members are "disinterested" as defined in Section
101(14) of the Bankruptcy Code.

Steinberg can be reached through:

     Mark H. Shapiro, Esq.
     Steinberg Shapiro & Clark
     25925 Telegraph Road, Suite 203
     Southfield, MI 48033
     Phone: 248-352-4700
     Email: shapiro@steinbergshapiro.com

                  About Interstate Fire Protection, Inc.

Interstate Fire Protection, Inc. offers fire sprinkler system
installation services.

Interstate Fire Protection, Inc. filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich.
Case No. 20-47514) on July 8, 2020. The petition was signed by
Robert Peters, shareholder. At the time of filing, the Debtor
estimated $50,000 in assets and $1 million to $10 million in
liabilities. Mark H. Shapiro, Esq. at STEINBERG SHAPIRO & CLARK
represents the Debtor as counsel.


INTERSTATE FIRE: Taps Rehmann Robson as Financial Consultant
------------------------------------------------------------
Interstate Fire Protection, Inc. and its debtor affiliate, Robert
Donald Peters, seek approval from the U.S. Bankruptcy Court for the
Eastern District of Michigan to employ Thomas J. Shemanski and
Rehmann Robson as financial consultants/certified public
accountants (CPAs).

Rehmann Robson will render these services to the Debtors:

     (a) Update the Debtors' books and records to prepare schedules
in the Chapter 11 proceedings;

     (b) Update the Debtors' books and records to reconcile and
file unfiled tax returns; and

     (c) Perform any necessary liquidation analyses and wind-down
budgets.

The fees charged by Rehmann Robson will be $200-300 per hour, plus
reimbursement of expenses.

Thomas J. Shemanski will be billed at $275 per hour.

Rehmann Robson has received a retainer in the sum of $5,000.

Thomas J. Shemanski, the principal of Rehmann Robson, disclosed in
court filings that the firm is a "disinterested person" as that
term is defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Thomas J. Shemanski
     REHMANN ROBSON
     675 Robinson Road
     Jackson, MI 49203
     Telephone: (517) 787-6503

                            About Interstate Fire Protection

Interstate Fire Protection, Inc. is a New Hudson, Michigan-based
company that offers fire sprinkler system installation services.

Interstate Fire Protection, Inc. and its debtor affiliate, Robert
Donald Peters, filed a voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 20-31252) on
July 8, 2020. The petition was signed by Robert Peters,
shareholder. At the time of the filing, Interstate Fire Protection
disclosed estimated assets of up to $50,000 and estimated
liabilities of $1 million to $10 million. Joel D. Applebaum is the
case judge. The Debtors tapped Steinberg Shapiro & Clark as counsel
and Thomas J. Shemanski of Rehmann Robson as financial
consultants/certified public accountants (CPAs).


INVERNESS TWO: Seeks Court Approval to Hire Mark Thomas Auctioneers
-------------------------------------------------------------------
Inverness Two, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to employ Mark Thomas
Auctioneers, Inc. as its auctioneer.

The Debtor desires to employ Mark Thomas Auctioneers to market and
sell its real property, a 44-unit condominium development near Lake
Conroe located at 13151-A Walden Road, Montgomery, Texas 77356.

Under the proposed agreement, Mark Thomas will have the exclusive
right to list and sell the property at auction during the term of
the agreement. Following approval by this Court, the Debtor will
pre-pay Mark Thomas a $10,000.00 marketing fee. Mark Thomas will
charge buyers a premium of 12% of the gross sales price. In the
event that the buyer is represented by a realtor, the buyer's
realtor will receive 2% of the buyer's premium. In the event that
the buyer is not represented by a realtor, the 2% of the buyer's
premium would instead be paid to the Debtor.

In the event that no buyer presents an all-cash bid greater than
$700,000.00, Lemonjuice Capital, LLC, the Debtor's creditor, will
be deemed the highest and best bidder at auction based on its
combined cash/credit bid. In this event, Lemonjuice will pay Mark
Thomas a $5,000.00 commission rather than the 12% buyer's premium.

Mark Thomas Auctioneers, Inc. does not hold or represent any
interest adverse to the Debtor's estate in the matters on which it
is to be employed. It has no connection with the Debtor, the
Debtor's known creditors, any other party in interest or their
respective attorneys or accountants, the United States Trustee, or
any person employed in the office of the United States Trustee.

The firm can be reached at:
   
     MARK THOMAS AUCTIONEERS, INC.
     15219 Stuebner Airline, Suite 48
     Houston, TX 77069
     Telephone: (713) 594-1576

                                   About Inverness Two

Inverness Two Inc., a Texas nonprofit corporation and a Single
Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)), filed
a Chapter 11 petition (Bankr. S.D. Tex. Case No. 20-32836) on May
29, 2020. The petition was signed by Alexander Krakovsky, its
president. At the time of the filing, the Debtor disclosed
estimated assets of $1 million to $10 million and estimated
liabilities of $500,000 to $1 million. Judge Jeffrey P. Norman
oversees the case. Porter Hedges LLP is the Debtor's bankruptcy
counsel.


J.C. PENNEY: Ad Hoc Committee Taps Okin Adams as Counsel
--------------------------------------------------------
The Ad Hoc Committee of Equity Interest Holders of J.C. Penney
Company, Inc., and its debtor-affiliates seeks authority from the
U.S. Bankruptcy Court for the Southern District of Texas to retain
Okin Adams LLP as its counsel.

The Committee requires Okin Adams to:

     a) advise the Ad Hoc Equity Committee with respect to its
rights, duties and powers in the Bankruptcy Cases;

     b) assist and advise the Ad Hoc Equity Committee in its
consultations relative to the administration of the Bankruptcy
Cases;

     c) assist the Ad Hoc Equity Committee in analyzing the claims
of the creditors and in negotiating with such creditors;

     d) assist the Ad Hoc Equity Committee's investigation of the
acts, conduct, assets, liabilities, and financial condition of the
Debtors and of the operation of Debtors’ businesses;

     e) advise and represent the Ad Hoc Equity Committee in
connection with administrative matters arising in these Bankruptcy
Cases, including the obtaining of credit, the sale of assets, and
the rejection or assumption of executory contracts and unexpired
leases;

     f) assist the Ad Hoc Equity Committee in the analysis of, and
negotiations with, the Debtors or any third-party concerning
matters relating to, among other things, the terms of a plan of
reorganization;

     g) assist and advise the Ad Hoc Equity Committee with respect
to its communications with the general creditor/shareholder body
regarding significant matters in these Bankruptcy Cases;

     h) review, analyze and respond as necessary to all
applications, notions, orders, statements of operations and
schedules filed with the Court, and advise the Ad Hoc Equity
Committee as to their propriety;

     i) assist the Ad Hoc Equity Committee in evaluating claims and
causes of action, if any, against the Debtors' secured lender(s) or
other parties;

     j) assist the Ad Hoc Equity Committee in preparing pleadings
and applications as may be necessary in furtherance of the Ad Hoc
Equity Committee's interests and objectives; and

     k) represent the Ad Hoc Equity Committee at all hearings and
other proceedings, and perform such other legal services as may be
required and are deemed to be in the interests of the Ad Hoc Equity
Committee in accordance with the Committee's powers and duties as
set forth in the Bankruptcy Code.

The firm charges $575 per hour for services rendered by Matthew S.
Okin, Esq. and between $250 and $550 per hour for other lawyers in
the firm. Hourly rates for paralegals and other support staff range
from $75 to $175 per hour.

Okin Adams is a "disinterested person" as that term is defined in
section 101(14) of the Bankruptcy Code, as modified by section
1103(b), according to court filings.

The firm can be reached through:

     Matthew S. Okin, Esq.
     David L. Curry, Jr., Esq.
     Johnie A. Maraist, Esq.
     OKIN ADAMS LLP
     1113 Vine St., Suite 240
     Houston, TX 77002
     Tel: 713-228-4100
     Fax: 888-865-2118
     Email: mokin@okinadams.com
            dcurry@okinadams.com
            jmaraist@okinadams.com

                  About J.C. Penney Company

J.C. Penney Company, Inc., one of the U.S.'s largest department
store operators with about 1,100 locations in the United States and
Puerto Rico, and its debtor affiliates filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Case No. 20-20182) on May 15, 2020. Judge David
R. Jones oversees the cases. Debtors tapped Kirkland & Ellis LLP
and Kirkland & Ellis International LLP as their counsel, Jackson
Walker LLP as their local and conflicts counsel, and KPMG LLP as
tax consultant.

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.C. PENNEY: Closes Additional 13 Stores
----------------------------------------
East Bay Times reports that department store chain J.C. Penney will
close additional 13 stores, including the location within the
Sunvalley Shopping Center in Concord.

The chain announced Tuesday that it would be closing another 13
stores. JCPenney filed for bankruptcy last month and is inching
toward its target of closing 250 stores — about 30% of its
network of 846 locations.

It remains unclear how long the store within the Sunvalley Shopping
Center will stay open, but company spokeswoman Kristen Bennett said
store-closing sales were expected to begin around July 3. The
decision is pending court approval.

Mall spokeswoman Maria Mainville said Tuesday that no decision has
been made about the space that will need to be filled.

JCPenney previously said it expected 200 of its closures to happen
by the end of this summer, with the remaining 50 closing by next
summer.

Seven of the latest 13 stores to be picked for closure are in
Michigan. Two others are in Washington, two are in New York and one
is in Maryland.

Before Tuesday's announcement, 136 stores had already begun
liquidation sales. That included a JCPenney within the West Valley
Mall in Tracy.

Store-closing sales are vital for bankrupt retailers to raise cash
during a court-supervised reorganization. With the pandemic keeping
many stores shuttered in late March and throughout April, some
bankruptcy filings were delayed because of the inability to hold
these sales.

But it's not clear just how successful the sales will be, as many
shoppers are still reluctant to venture out to stores and others
are cutting back purchases as job losses have reached a record
highs in recent months.

JCPenney is the largest national retailer to file for bankruptcy in
the wake of the pandemic, along with J.Crew and Neiman Marcus.

All three companies said they intend to stay in business, however.
The bankruptcy process allows companies to shed debt and other
liabilities it can no longer afford.

The process can give a company a second lease on life. Some
companies that filed for bankruptcy in recent decades, including
General Motors and many of the nation’s airlines, actually posted
record profits after emerging from bankruptcy.

But not every company that files for Chapter 11 planning to stay in
business is ultimately able to do so. Pier 1, which filed for
bankruptcy on February 17 — ahead of the stay-at-home orders that
shut many stores nationwide — has since said it will permanently
close all of its stores and go out of business.

JCPenney may have been forced into bankruptcy by the Covid-19
crisis, but it has been ailing for a while. Many shoppers have
turned away from traditional department stores and malls, instead
buying more goods from online retailers like Amazon or big-box
chains like Walmart, Costco and Target. These companies offer lower
prices and a wider range of goods, including groceries.

This news isn't just bad for JCPenney. Now Macy's, Sears and Kohl's
must compete with rock-bottom prices at many JCPenney stores. And
the closings are a downbeat sign for malls struggling to once again
attract shoppers, as JCPenney is typically a mall anchor.

                       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.C. PENNEY: Closes Additional 13 Stores Permanently
----------------------------------------------------
Chris Isidore, writing for CNN Business, reports that JCPenney will
close permanently 13 additional stores.

The department store chain, which filed for bankruptcy in May, is
inching toward its target of closing 250 stores -- about 30% of its
network of 846 locations.

The company previously said it expects 200 of those closures will
happen by the end of this summer, with the remaining 50 closing by
next summer.  Most of the 13 stores in the latest round will start
liquidation sales on or around July 3. Seven of the stores in this
round are in Michigan: Greenville, Owosso, Big Rapids, Alma, Bay
City, Mt. Pleasant and Okemos.

The remaining stores are in Bay Shore and Poughkeepsie, New York;
Omak and Sunnyside, Washington; Hyattsville, Maryland; and Concord,
California.

Before the recent announcement, 136 stores had already begun
liquidation sales.

Store-closing sales are vital for bankrupt retailers to raise cash
during a court-supervised reorganization.  With the pandemic
keeping many stores shuttered in late March and throughout April,
some bankruptcy filings were delayed because of the inability to
hold these sales.

But it's not clear just how successful the sales will be, as many
shoppers are still reluctant to venture out to stores and others
are cutting back purchases as job losses have reached a record
highs in recent months.

JCPenney is the largest national retailer to file for bankruptcy in
the wake of the pandemic, along with J.Crew and Neiman Marcus.

All three companies said they intend to stay in business, however.
The bankruptcy process allows companies to shed debt and other
liabilities it can no longer afford.

The process can give a company a second lease on life. Some
companies that filed for bankruptcy in recent decades, including
General Motors and many of the nation's airlines, actually posted
record profits after emerging from bankruptcy.

But not every company that files for Chapter 11 planning to stay in
business is ultimately able to do so. Pier 1, which filed for
bankruptcy on February 17 -- ahead of the stay-at-home orders that
shut many stores nationwide -- has since said it will permanently
close all of its stores and go out of business.

JCPenney may have been forced into bankruptcy by the Covid-19
crisis, but it has been ailing for a while. Many shoppers have
turned away from traditional department stores and malls, instead
buying more goods from online retailers like Amazon or big-box
chains like Walmart, Costco and Target. These companies offer lower
prices and a wider range of goods, including groceries.

This news isn't just bad for JCPenney. Now Macy's, Sears and Kohl's
must compete with rock-bottom prices at many JCPenney stores. And
the closings are a downbeat sign for malls struggling to once again
attract shoppers, as JCPenney is typically a mall anchor.

                       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 the
Chapter 11 cases tapped Cooley LLP and Cole Schotz P.C. as
co-counsels and FTI Consulting, Inc. as financial advisor.


J.C. PENNEY: Equity Committee Hires CR3 as Financial Advisor
------------------------------------------------------------
The Ad Hoc Committee of Equity Interest Holders of J.C. Penney
Company, Inc., and its debtor-affiliates seeks authority from the
U.S. Bankruptcy Court for the Southern District of Texas to retain
CR3 Partners, LLC as its financial advisors.

The Ad Hoc Equity Committee requires CR3 to:

     (a) review, analyze and evaluate all salient financial and
business information requested by and provided to the Ad Hoc Equity
Committee;

     (b) provide advice and analysis to support the Ad Hoc Equity
Committee with respect to an assessment of the Debtors’ business
and restructuring plans;

     (c) assist the Ad Hoc Equity Committee with a preliminary
determination as to whether or not there is equity for the
shareholders in the Debtors; and

     (d) provide any other advice and analysis which is related to
the Services and is necessary for the Ad Hoc Equity Committee to
consider in connection with whether there is equity in the Debtors
for the shareholders.

CR3 has agreed to work for a flat fee of $50,000.

William Snyder, a partner at CR3, disclosed in a court filing that
his firm is a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.

The firm can be reached at:

     William Snyder
     CR3 Partners, LLC
     13355 Noel Road, Suite 310
     Dallas, TX 75240
     Phone: +1 (214) 215-3940

                  About J.C. Penney Company

J.C. Penney Company, Inc., one of the U.S.'s largest department
store operators with about 1,100 locations in the United States and
Puerto Rico, and its debtor affiliates filed their voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Case No. 20-20182) on May 15, 2020. Judge David
R. Jones oversees the cases. Debtors tapped Kirkland & Ellis LLP
and Kirkland & Ellis International LLP as their counsel, Jackson
Walker LLP as their local and conflicts counsel, and KPMG LLP as
tax consultant.

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.  


JAGUAR DISTRIBUTION: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Jaguar Distribution Corp.
           DBA Jaguar Distribution Corporation
        PO Box 4675
        Valley Village, CA 91617

Business Description: Established in 1982, Jaguar Distribution
                      Corp. -- http://www.jaguardc.com-- is a
                      distributor of independent films to the
                      worldwide in-flight marketplace.

Chapter 11 Petition Date: July 31, 2020

Court: United States Bankruptcy Court
        Central District of California

Case No.: 20-bk-11358

Debtor's Counsel: Zev M. Schechtman, Esq.
                  DANNING, GILL, ISRAEL & KRASNOFF, LLP
                  1901 Avenue of the Stars, Suite 450
                  Los Angeles, CA 90067-6006
                  Tel: (310) 277-0077
                  Email: zs@danninggill.com

Total Assets: $1,768,195

Total Liabilities: $9,018,419

The petition was signed by James Wong, chief restructuring
officer.

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

                             https://is.gd/tAZ4Al


JLK INDUSTRIES: Unsec. Creditors to Have 5% Recovery over 5 Years
-----------------------------------------------------------------
JLK Industries, Inc., and its owners, Jeffrey and Christina Stokes,
filed with the U.S. Bankruptcy Court for the Western District of
Washington a Joint Combined Disclosure Statement and Plan of
Reorganization dated June 23, 2020.

Class 7 All General Unsecured Claims in which JLK Industries, Inc.
is the primary obligor.  This class will receive a monthly payment
of $169.81 for 60 months with $10,189 total payout.  The Debtors
estimate this class will receive 5% of their allowed claims.

Class 8 All General Unsecured Claims in which Jeffrey and/or
Christina Stokes are the primary obligors will receive a monthly
payment of $133.97 for 60 months with $8,038 total payout.  The
Debtors estimate this Class will receive 5% of their allowed
claims.

Class 9 Equity interest holders: Jeffrey and Christina Stokes.
Jeffrey and Christina Stokes will retain their interest in the
individual/personal estate and in the property of the
individual/personal estate. Likewise, their ownership interest in
JLK Industries, Inc., Stokes Family, LLC, and Everett Auto Sales,
LLC will remain the same. Their ownership and membership interests
will not be affected by this Plan.

This Plan shall extend secured claims to a 30-year amortization and
unsecured claims to a 5-year amortization to allow the Debtor to
feasibly make the payments provided for under this Plan. This Plan
shall be funded from the revenue generated by JLK Industries, Inc.
in the operation of their automotive and truck repair business, as
well as the personal income of the Jeffrey and Christina Stokes
from their employment. This primarily comes from their employment
by JLK Industries, Inc., although either one or both of the
Debtors’ may pursue other employment during the repayment period.
Additional payments may come from the refinance or sale of their
home and/or Stokes Family, LLC’s commercial real estate at 3132
Rucker Ave, Everett, WA. The sale of real estate by the Debtor
and/or Stokes Family, LLC is expressly contemplated by this Plan of
Reorganization.

A full-text copy of the combined plan and disclosure dated June 23,
2020, is available at https://tinyurl.com/ybcjpt9n from
PacerMonitor.com at no charge.   

The Debtors are represented by:
Vortman & Feinstein
929 108th Ave NE, Suite 1200
Bellevue, WA 98004
Phone: 206-223-9595
Fax: 206-386-5355

                      About JLK Industries

JLK Industries, Inc., which conducts business under the name
Everett Auto Clinic, owns and operates an automotive repair and
maintenance shop in Everett, Wash.

JLK Industries sought Chapter 11 protection (Bankr. W.D. Wash. Case
No. 19-13286) on Sept. 4, 2019, in Seattle, Washington.  In the
petition was signed by Jeffrey Stokes, owner and operator, the
Debtor was listed to have total assets at $420,450 and total
liabilities at $1,692,555 as of the bankruptcy filing.  Judge
Timothy W. Dore administers the Debtor's case.  Larry B Feinstein,
PS, is the Debtor's counsel.


JS KALAMA: Seeks to Hire Nellor Law as General Counsel
------------------------------------------------------
JS Kalama, LLC, seeks authority from the United States Bankruptcy
Court for the Western District of Washington to hire Nellor Law
Office as its general counsel.

Services Nellor Law will render are:

     a. advice and counsel as to the Debtor's rights, duties and
powers as Debtor In Possession;

     b. preparation of pleadings and documents necessary and
appropriate in the Chapter 11 case;

     c. represent the Debtor In Possession at all hearings,
meetings of creditors, conferences, trials and other proceedings;
Preparation and approval of a plan and disclosure statement;

     d. prosecute proceedings, contested maters or motions as may
be necessary for the administration of the estate, and;

     e. perform such other legal services as may be necessary,
arising under, related to or connected with this case.

The hourly rate for services rendered by John D. Nellor at the time
of this application is $420 for work performed during regular
business hours. Work performed on weekends, legal holidays is
computed by multiplying the actual time spent by 1.5 times the
regular hourly rate.

Nellor has no connection with the Debtors, creditors, any
interested party, or their respective accountants or attorneys,
according to court filings.

The firm can be reached through:

     John D. Nellor, Esq.
     Nellor Law Office
     201 N.E.. Park Plaza Drive, Suite 202
     Vancouver, WA 98684
     Phone: 360-816-2241

           About JS Kalama

JS Kalama, LLC is primarily engaged in renting and leasing real
estate properties.  On June 11, 2020, Debtor sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No.
20-41495).  At the time of the filing, Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range.  Judge Brian D. Lynch oversees the case.  The Debtor is
represented by J.D. Nellor, Esq., at Nellor Law Office.


KARMA AUTOMOTIVE: Mulling Chapter 11 Bankruptcy
-----------------------------------------------
Erica Lourd, writing for Jalopnik, reports that as multiple sources
inside Karma Automotive LLC have revealed to Jalopnik that, in
addition to further layoffs, Karma will be seeking Chapter 11
bankruptcy.

In April Jalopnik reported that Karma was plagued with layoffs,
accusations of poor management, and prototypes that were allegedly
just "movie props."  It does not seem like things have been getting
better, as multiple sources inside the company have revealed to
Jalopnik that, in addition to further layoffs, Karma will be
seeking Chapter 11 bankruptcy.

Since April, COO Kevin Pavlov was forced out of the company.
Additionally, more workers (about 15) were furloughed in mid-May,
and our source reports that Karma is planning to pare down to 38
employees when they file for Chapter 11.

Additionally, due to poor work quality from technicians formerly of
BMW and described as "cocky" and "talking so much shit" by one of
our sources, Karma's Dodge-based Level 4 Autonomous demonstrator
van has been deemed to be a "major safety hazard" and has been
pulled from all testing duties.

The decision to file for Chapter 11 bankruptcy suggests that Karma
will attempt to re-organize and continue, though based on past
performance and the current state of Karma's IP, I’m not too sure
I'm that optimistic about the company's future.

Karma Automotive is an auto parts company that designs,
manufactures and provides hybrid electric cars.


KEITH AND NELL: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Keith and Nell, LLC
        8536 Tallaha Rd
        Scobey, MS 38953

Business Description: Keith and Nell is primarily engaged in
                      renting and leasing real estate properties.

Chapter 11 Petition Date: July 31, 2020

Court: United States Bankruptcy Court
       Northern District of Mississippi

Case No.: 20-12454

Debtor's Counsel: Robert Gambrell, Esq.
                  GAMBRELL & ASSOCIATES, PLLC
                  101 Ricky D Britt Sr Blvd, Ste 3
                  Oxford, MS 38655-4236
                  Tel: 662-281-8800
                  Email: rg@ms-bankruptcy.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Raymond Keith Bloodworth, managing
member.

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

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

                       https://is.gd/LXcQUi


KLAUSNER LUMBER: Hires Duane Morris as Conflict Counsel
-------------------------------------------------------
Klausner Lumber One LLC seeks authority from the U.S. Bankruptcy
Court for the District of Delaware to employ Duane Morris LLP, as
conflict and Labor/ERISA counsel to the Debtor.

Klausner Lumber requires Duane Morris to:

   a. perform all necessary services as Conflicts Counsel and
      Labor/ERISA Counsel, including, without limitation,
      providing the Debtor with advice on the Conflict Matters
      and Labor/ERISA Matters, representing the Debtor with
      respect to the same, and preparing necessary documents
      on behalf of the Debtor in the areas of restructuring and
      bankruptcy as to the Conflict Matters and in the areas of
      labor law and ERISA with respect to the Labor/ERISA
      Matters;

   b. take all necessary actions to protect and preserve the
      Debtor's estate during this chapter 11 case, including the
      prosecution of actions by the Debtor on the Conflict
      Matters and the Labor/ERISA Matters, the defense of
      any actions commenced against the Debtor by the
      Conflict Entities or that concern the Labor/ERISA
      Matters, negotiations concerning litigation in which the
      Debtor is involved with the Conflict Entities or
      involving the Labor/ERISA Matters, and objecting to
      claims filed against the estate by the Conflict Entities or
      in the Labor/ERISA Matters;

   c. prepare or coordinate preparation on behalf of the
      Debtor, as debtor in possession, any necessary motions,
      applications, answers, orders, reports, and papers in
      connection  with  the  Conflict  Matters  or  the
      Labor/ERISA Matters; and

   d. perform all other necessary legal services in the event
      that Westerman Ball and Morris Nichols cannot do so.

Duane Morris will be paid at these hourly rates:

     Partners                            $750 to $1,125
     Associates and Special Counsel      $375 to $750
     Paraprofessionals                   $250 to $500

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

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

Duane Morris can be reached at:

     Lawrence J. Kotler, Esq.
     DUANE MORRIS LLP
     222 Delaware Ave., Suite 1600
     Wilmington, DE 19801
     Tel: (302) 657-4900

                  About Klausner Lumber One

Klausner Lumber One, LLC, is a privately held company in the lumber
and plywood products manufacturing industry. It is 100% owned by
non-debtor Klausner Holding USA, Inc.

Klausner Lumber One sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 20-11033) on April 30,
2020. At the time of the filing, Debtor disclosed assets of between
$100 million and $500 million and liabilities of the same range.

The Debtor tapped Westerman Ball Ederer Miller Zucker & Sharfstein,
LLP as bankruptcy counsel; Morris, Nichols, Arsht & Tunnell, LLP as
local counsel; Asgaard Capital, LLC as restructuring advisor; and
Cypress Holdings, LLC as investment banker.


KM-T.E.H. REALTY 10: Files for Bankruptcy Protection
----------------------------------------------------
Dan Margolies, writing for KBIA, reports that KM-T.E.H. Realty 10
LLC filed for bankruptcy protection.

A local affiliate of a corporate landlord that has earned notoriety
for the deplorable living conditions of its apartment units has
declared bankruptcy.

Jackson County property records show the affiliate owns the Park
Gate Apartments on East Meyer Boulevard. The apartments consist of
1- to 3-bedroom units.

KM-T.E.H. Realty 10 is one of many affiliates of T.E.H. Realty,
which, through separate LLCs, owns dozens of apartment complexes in
the Kansas City and St. Louis areas, as well as other U.S. cities.

An LLC, or limited liability corporation, is a commonly used
ownership structure that shields the owners of a company from
personal liability.

The bankruptcy filing appears to have been triggered by a lawsuit
filed earlier this year against Realty 10 by U.S. Bank. The bank
alleged that Realty 10 had defaulted on the conditions of a $1.6
million loan it obtained in 2018 to purchase the property by
failing to maintain it "in good repair and free of deterioration."
A judge later appointed a receiver to take charge of the property.

The bankruptcy filing has the effect of halting U.S. Bank's
lawsuit, at least temporarily.

Realty 10's local attorney, Kent Dryer, referred inquiries to
KM-T.E.H.'s corporate counsel in Pennsylvania, who could not be
reached for comment.

In March, a T.E.H. affiliate that owns Crown Manor Apartments in
St. Louis also filed for Chapter 11 bankruptcy.

Both bankruptcy filings come after a string of legal setbacks for
T.E.H., which has been accused by tenants in multiple lawsuits of
neglecting its properties.

In April, Jackson County Circuit Judge Joel Fahnestock fined T.E.H.
$1,000 a day after finding it in civil contempt. Fahnestock found
that the company had ignored previous court orders to produce the
names and addresses of current and former residents of its Ruskin
Place Apartments in south Kansas City.

Fahnestock earlier had granted the tenants the right to sue T.E.H.
as a class after they complained of water leaking through windows,
mold, sagging floors, inadequate heat, unsecured doors and "large
critters" roaming through the units.

And in December, a Wyandotte County judge appointed a receiver to
manage T.E.H’s Crestwood Apartments, a 124-unit complex in Kansas
City, Kansas, after Fannie Mae sought to foreclose on the property.
Tenants had complained it was infested with roaches and mold.

T.E.H. was founded in Israel in 2006 and specializes in acquiring
low-income housing.

Earlier this year, a court in Israel entered a $4.5 million
judgment in favor of an Israeli investor named Emanuel Kronitz and
against T.E.H. investors in the United States. The judgment was
registered in both Jackson and Cass counties.

On Friday, Kronitz's attorneys asked Jackson County Circuit Judge
Patrick W. Campbell to order the investors to pay the judgment. The
proposed order states the investors have ownership interests in
various T.E.H. LLCs, including KM-T.E.H. Realty 10.

The bankruptcy filing halts that action, at least for the time
being.

                   About KM-T.E.H. Realty 10

KM-T.E.H. Realty 10, LLC, is a Single Asset Real Estate (as defined
in 11 U.S.C. Section  101(51B)), whose principal assets are located
at 3601 E Meyer Blvd, Kansas City, MO 64132.

KM-T.E.H. Realty 10, LLC, sought Chapter 11 protection (W.D. Mo.
Case No. 20-41151) on June 19, 2020.

The Hon. Dennis R. Dow is the case judge.

The Debtor tapped Kent Dryer, Esq., at DRYER LAW FIRM, LLC, as
counsel.  The Debtor was estimated to have $1 million to $10
million in assets and liabilities.


LAKELAND TOURS: Arnold & Porter Represents Equity Holders
---------------------------------------------------------
In the Chapter 11 cases of Lakeland Tours, LLC, et al., the law
firm of Arnold & Porter Kaye Scholer LLP submitted a verified
statement under Rule 2019 of the Federal Rules of Bankruptcy
Procedure, to disclose that it is representing Certain Equity
Holders.

In July 2020, the Equity Holders retained A&P to represent then in
their capacities as holders of equity in Lakeland Holdings, LLC and
the Seller Notes.

As of July 28, 2020, each Equity Holder and their disclosable
economic interests are:

Gustavo Artaza
1605 Resaca Blvd
Austin, TX 78738

* Equity Shares: 727,064
* Seller Notes: $1,069,003

Arturo Artaza
3809 Agape Ln
Austin, TX 78735

* Equity Shares: 170,572
* Seller Notes: $312,047

James Basker
370 Riverside Drive, Apt 15E
New York, NY 10025

* Equity Shares: 92,189
* Seller Notes: $268,780

James Gerber
6 W Melrose St.
Chevy Chase, MD 20815

* Equity Shares: 208,961
* Seller Notes: $447,966

Each Equity Holder requested that A&P represent it in connection
with these chapter 11 cases in its capacity as holder of equity in
Lakeland Holdings, LLC and a holder of the Seller Notes.

A&P represents only the Equity Holders listed on Exhibit A hereto
and does not represent or purport to represent any other entities
or interests in connection with these chapter 11 cases.  In
addition, each Equity Holder does not purport to act, represent or
speak on behalf of any entity in connection with the Debtors'
chapter 11 cases other than itself.

Nothing in this Statement shall be construed as (i) a limitation
upon, or waiver of, each Equity Holders' right to assert, file, or
amend its or their claims in accordance with applicable law and any
orders entered in these cases, or (ii) an admission with respect to
any fact or legal theory.

A&P reserve the right to supplement or amend this Statement at any
time for any reason.

Counsel for Certain Equity Holders can be reached at:

          ARNOLD & PORTER KAYE SCHOLER LLP
          Benjamin Mintz, Esq.
          Peta Gordon, Esq.
          Lucas B. Barrett
          250 W. 55th Street
          New York, NY 10019-9710
          Tel: (212) 836-8000
          Fax: (212) 836-8689
          Email: Benjamin.mintz@arnoldporter.com
                 Peta.gordon@arnoldporter.com
                 Lucas.barrett@arnoldporter.com

             - and -

          Michael L. Bernstein, Esq.
          601 Massachusetts Ave, NW
          Washington, DC 2001-3743
          Tel: (202) 942-5000
          Fax: (202) 942-5999
          Email: Michael.bernstein@arnoldporter.com

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

                     About Lakeland Tours

Lakeland Tours, LLC, et al., d/b/a WorldStrides, together with
their non-debtor affiliates, provide full-service educational
travel and experiential learning programs domestically and
internationally for students from K12 to graduate level.  The
Companies are one of the U.S.' largest accredited travel company,
providing organized educational travel and other experiential
learning programs for more than 550,000 students in 2019.

Lakeland Tours LLC and certain of its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case
No. 20-11647) on July 20, 2020.  The petitions were signed by
Kellie Goldstein, chief financial officer.

At the time of the filing, the Debtors estimated consolidated
assets of $1 billion to $10 billion and consolidated liabilities
of
$1 billion to $10 billion.

Nicole L. Greenblatt, P.C., Susan D. Golden, Esq., and Whitney
Fogelberg, Esq. of Kirkland & Ellis LLP is the Debtors' counsel.
KPMG LLP is the Debtors' financial advisor.  Houlihan Lokey
Capital, Inc. is the Debtors' investment banker; Bankruptcy
Management Solutions is the notice and claims agent; and Daniel J.
Edelman Holdings Inc is the communications consultant and advisor.


LEA POWER: Fitch Affirms BB+ Rating on $200MM Sec. Notes Due 2033
-----------------------------------------------------------------
Fitch Ratings has affirmed Lea Power Partners, LLC's $200.1 million
of senior secured notes due 2033 at 'BB+'. The Rating Outlook is
Stable.

RATING RATIONALE

Summary: The rating reflects the revenue stability provided by
LPP's fixed-price tolling style power purchase agreement with
Southwestern Public Service (SPS; BBB/Stable), which effectively
mitigates natural gas supply risk. The rating further reflects the
project's typical historical debt service coverage profile (outside
of 2019), in which coverage has ranged from 1.26x to 1.41x.

Elevated costs associated with unexpected major maintenance lowered
coverage below breakeven levels in 2019; however, the project made
the full debt payment using cash on hand, owner equity, and
availability on its line of credit. The equipment issues have since
been resolved and plant operations have returned to historical
levels. Looking forward, the debt service coverage ratio averages
1.41x though maturity in the Fitch rating case, with an overall
declining coverage profile and a minimum DSCR of 1.20x in 2032.

The outbreak of coronavirus and related government containment
measures worldwide create an uncertain global environment for the
oil and natural gas markets in the near term. While LPP's
performance data through most recently available issuer data may
not have indicated impairment, material changes in revenue and cost
profile are occurring across the energy sector and will continue to
evolve as economic activity and government restrictions respond to
the ongoing situation.

Fitch's ratings are forward-looking in nature, and Fitch will
monitor developments in the sector as a result of the virus
outbreak as it relates to severity and duration, and incorporate
revised base and rating case qualitative and quantitative inputs
based on expectations for future performance and assessment of key
risks.

KEY RATING DRIVERS

Stable Revenue Profile (Revenue Risk: Midrange)

The project is supported by a 25-year tolling agreement with SPS
under which SPS purchases capacity, energy and ancillary services
through 2033. Capacity payments provide roughly 80%-90% of the
total revenues at a fixed price over the term of the PPA.

Mitigated Supply Risk (Supply Risk: Stronger)

The PPA with SPS is structured as a tolling agreement, largely
eliminating price and volume risks associated with natural gas
supply. SPS is responsible for providing fuel to the project
facility.

Stabilized Operating Performance (Operation Risk: Midrange)

The project has generally maintained high availability,
supplementing fixed contracted revenues with dispatch-based
payments. Despite historical variability during major overhaul
years, the long-term service agreement (LTSA) with Mitsubishi Power
Systems Americas, Inc. has helped to smooth operating costs over
the contract term, which expires in 2031.

Typical Debt Structure (Debt Structure: Midrange)

Structural features include a six-month debt service reserve,
working capital reserve, and a major maintenance reserve based on
100% of the current-year overhaul expenses and 50% of the following
year's expenses. Fitch views liquidity as typical for a thermal
power project. The overall declining DSCR profile is a weakness,
notwithstanding the fixed-rate, fully-amortizing debt structure.

Financial Summary

Despite early operational challenges that pushed DSCR ratios near
breakeven, historical DSCRs have averaged 1.33x since 2013.
However, due to extended major maintenance outages the 2019 DSCR
dropped to 0.92x. Under Fitch's rating case conditions, including a
10% increase to operations and maintenance expenses as well as
lower (95%) availability, DSCRs are projected to average 1.41x
through debt maturity with a minimum of 1.20x in 2032.

PEER GROUP

Lea Power's peers include Orange Cogen Funding Corporation (OC
Funding; A/Stable) and another privately rated facility
(BBB/Stable). All three projects are gas-fired, combined cycle
facilities that have a tolling-style PPA with an investment grade
off-taker. The privately rated project has a stronger average DSCR
profile of 1.50x under the Fitch rating case and a tolling style
agreement which provides fixed and variable energy payments while
mitigating fuel supply risk, and marginal contribution from
merchant sales. OC Funding is rated higher due to its relatively
low leverage and robust average DSCR of approximately 3.4x based on
a long history of strong operating performance and resilient cash
flow. Lower rated thermal projects demonstrate lower DSCRs and
greater volatility in cash flows due to either heightened
sensitivity to dispatch risk or more exposure to variability in
operating costs.

RATING SENSITIVITIES

Factors That Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:

LPP's mixed historical performance suggests that an upgrade is
unlikely unless there is sustained improvement in cash flows due to
long-term cost reductions or improved operating performance with a
coverage profile exceeding 1.40x and consistent with a higher
rating level.

Factors That Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:

A significant change to the cost profile, operating performance
and/or availability that lead to sustained reductions in coverage
below 1.30x.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

CREDIT UPDATE

Capacity payments continued to account for the majority (82%) of
total project revenues at $46.9 million in fiscal 2019 and are
calculated based upon a rolling 12-month availability average.
Total revenue decreased by 5.6% to $57.1 million due in large part
to lower capacity and energy sales revenues. The project's net
capacity factor decreased due to an extended forced outage between
May - July 2019, leading to lower running hours and lower average
net capacity factor of 64% in fiscal 2019 versus 78% in fiscal
2018, while operating expenses significantly exceeded budget. In
addition to plant operating expenses, LPP must fund a major
maintenance reserve through the LTSA, which increased 5.4% to $6.2
million in fiscal 2019.

This combination of events translated to a revenue shortfall of
$4.0 million and operating expenses that exceeded budget by roughly
$6.7 million, leading to a total financial impact of $10.7 million.
The expense increases were driven largely by additional parts and
labor expenses associated with the May - July 2019 outages. This
led to DSCR of 0.92x in fiscal 2019.

The project underwent a scheduled major maintenance outage and
inspection in May 2019 that was expected to last through June 9.
However, the inspection revealed cracked and broken building bolts
on both gas generators that were in need of repair, and significant
work was done to strengthen welds and supports. Prior to the
outage, there was no indication from plant performance that the
bolts were broken. GT2 and the Steam Turbine were brought on line
July 7, 2019, and GT1 started running again on July 27, 2019.
Following the inspections and major maintenance that occurred in
May - July 2019, the project has generally operated without issue
aside from regular scheduled maintenance.

Under LPP's indenture, a DSCR below the 1.0x threshold does not
constitute an event of default, though the project did fail its
permitted distribution test. As such, no event of default occurred,
and the project did not utilize its debt service reserve to address
the shortfall in debt service coverage. Instead, the project used a
combination of available cash on hand, availability on its working
capital line of credit, and an equity injection of approximately
$600,000 from the owners to make the full debt payment. Current
utilization of the working capital line of credit is around 50% of
the total $8 million total availability. Management anticipates
that the credit line's balance will remain in the range of $4
million to $6 million, aligned with historical usage.

The gas turbine compressors were upgraded during the scheduled
maintenance in spring 2019, and management has advised that the
upgrades are likely to add additional capacity and project
revenues. The compressor upgrades were completed and are estimated
to cost $4 million paid equally over the course of four years,
commencing in 2019.

LPP's management provided an updated financial forecast commencing
in fiscal 2021 through the debt's maturity in 2033 but has not
updated its financial model for this review. The most recent
projections incorporate the benefits of the project's recent
compressor upgrades and increased capacity, translating to higher
project revenues. Given the projected increase in generation, some
costs (notably operation and maintenance) are anticipated to
increase, while others are anticipated to decrease due to reduced
fees. Fitch estimates that the changes are likely to be positive
for the project's overall DSCR profile; however, Fitch views the
projections coming to full fruition as being contingent upon a
number of favorable developments, notably effective expense
management and additional project revenues.

FINANCIAL ANALYSIS

The Fitch base case utilizes the sponsor model for plant
performance and cash flows, assuming an average capacity factor of
59.64% and an average availability factor of 98.56%. The average
heat rate is held at 7,296 BTUs/Kw. DSCRs average 1.52x with a
minimum of 1.29x.

The Fitch rating case assumes a reduced capacity factor of 56.6%,
an availability factor of 95.02%, and an additional 10.0% increase
to O&M expenses. The average DSCR falls to 1.41x with a minimum of
1.20x.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

The highest level of ESG credit relevance, if present, is a score
of 3. This means ESG issues are credit-neutral or have only a
minimal credit impact on the entity(ies), either due to their
nature or to the way in which they are being managed by the
entity(ies).


LIBBEY GLASS: Unsecureds to Get Payment from Recovery Cash Pool
---------------------------------------------------------------
Libbey Glass Inc. and its debtor affiliates jointly propose the
plan of reorganization for the resolution of the outstanding claims
against, and equity interests in each of the Debtors.

Class 6 General Unsecured Claims will each receive its pro rata
share of the General Unsecured Recovery Cash Pool.  Class 6 is an
impaired class, and the Holders of Claims in Class 6 are entitled
to vote to accept or reject this Plan.

Class 8 Old Parent Interests will be cancelled without further
notice to, approval of or action by any Entity, and each Holder of
an Old Parent Interest shall not receive any distribution or retain
any property on account of such Old Parent Interest.

Subject to the Restructuring Transactions permitted of this Plan,
on the Effective Date, Reorganized Parent will enter into the New
Stockholders Agreement, which will become effective and binding in
accordance with its terms and conditions upon the parties thereto,
in each case without further notice to or order of the Bankruptcy
Court, act or action under applicable law, regulation, order, or
rule or the vote, consent, authorization or approval of any Entity.


All Entities entitled to Plan consideration in the form of Exit
Facility Loans in accordance with this Plan shall be deemed to be
parties to, and bound by, the Exit Facility Credit Agreement,
without the need for execution thereof by any such Entity.

On the Effective Date, subject to the terms and conditions of the
Restructuring Transactions, Reorganized Parent shall issue the New
Equity Interests pursuant to this Plan and the Amended/New
Organizational Documents. Except as otherwise expressly provided in
the Restructuring Documents, the Reorganized Parent shall not be
obligated to register the New Equity Interests under the Securities
Act or to list the New Equity Interests for public trading on any
securities exchange.

All Cash necessary for the Debtors or the Reorganized Debtors, as
applicable, to make payments required pursuant to this Plan will be
obtained from their respective Cash balances, including Cash from
operations and the Exit Loan Facility. The Debtors and the
Reorganized Debtors, as applicable, may also make such payments
using Cash received from their subsidiaries through their
respective consolidated cash management systems and the incurrence
of intercompany transactions, but in all cases subject to the terms
and conditions of the Restructuring Documents.  

A full-text copy of the plan dated June 21, 2020, is available at
https://tinyurl.com/y9xmjqnt from PacerMonitor at no charge.

Proposed Counsel for the Debtors:

          RICHARDS, LAYTON & FINGER, P.A.
          John H. Knight
          Russell C. Silberglied
          Paul N. Heath
          Zachary I. Shapiro
          One Rodney Square
          920 North King Street
          Wilmington, Delaware 19801
          Telephone: (302) 651-7700
          Facsimile: (302) 651-7701

               - and -

          LATHAM & WATKINS LLP
          George A. Davis
          Keith A. Simon
          David Hammerman
          Anu Yerramalli
          Madeleine C. Parish
          885 Third Avenue
          New York, New York 10022
          Telephone: (212) 906-1200
          Facsimile: (212) 751-4864

                        About Libbey Inc.

Based in Toledo, Ohio, Libbey Inc. (NYSE American: LBY) is one of
the largest glass tableware manufacturers in the world.  Libbey
operates manufacturing plants in the U.S., Mexico, China, Portugal
and the Netherlands.  In existence since 1818, Libbey supplies
tabletop products to retail, foodservice and business-to-business
customers in over 100 countries.  Libbey's global brand portfolio,
in addition to its namesake brand, includes Libbey Signature,
Master's Reserve, Crisa, Royal Leerdam, World Tableware, Syracuse
China, and Crisal Glass.  In 2019, Libbey's net sales totaled
$782.4 million.  For more information, visit http://www.libbey.com/


Libbey Glass Inc. and 11 of its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 20-11439) on June 1, 2020.
In the petition signed by CEO Michael P. Bauer, Libbey Glass was
estimated to have $100 million to $500 million in assets and $500
illion to $1 billion in liabilities as of the bankruptcy filing.

The Hon. Laurie Selber Silverstein is the case judge.

The Debtors tapped Latham & Watkins LLP and Richards, Layton &
Finger, P.A., as counsel; Alvarez & Marsal North America, LLC as
financial advisor; and Lazard Ltd as investment banker.  Prime
Clerk LLC is the claims agent, maintaining the page
https://cases.primeclerk.com/libbey


LSB INDUSTRIES: Incurs $365K Net Loss in Second Quarter
-------------------------------------------------------
LSB Industries, Inc., filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q, reporting a net loss
of $365,000 on $105.03 million of net sales for the three months
ended June 30, 2020, compared to net income of $6.63 million on
$121.53 million of net sales for the three months ended June 30,
2019.

For the six months ended June 30, 2020, the Company reported a net
loss of $19.82 million on $188.44 million of net sales compared to
a net loss of $4.91 million on $215.68 million of net sales for the
same period during the prior year.

As of June 30, 2020, the Company had $1.09 billion in total assets,
$88.34 million in total current liabilities, $487.55 million in
long-term debt, $15.96 million in noncurrent operating lease
liabilities, $5.24 million in other noncurrent accrued and other
liabilities, $34.06 million in deferred income taxes, $252.90
million in redeemable preferred stock, and $210.62 million in total
stockholders' equity.

"We continued to execute well through a challenging second
quarter," stated Mark Behrman, LSB Industries' president and CEO.
"Pricing remained an issue, particularly for agricultural products,
and demand for our industrial and mining products was depressed due
to pandemic-related economic disruptions.  However, despite the
accelerating spread of COVID-19 throughout the areas where our
plants are located, our facilities continued to operate and
production was solid, which enabled us to partially offset the
multiple headwinds to our business.  In fact, had pricing been in
line with the 2019 second quarter, and industrial demand been
consistent with the pre-pandemic levels of just over four months
ago, our EBITDA would have improved approximately 10% versus the
second quarter of 2019.  We believe that demonstrates the
improvements we have made in our core operations and is
representative of LSB's potential in a more normalized environment.
We see significant opportunity to further enhance our operational
efficiency, which we believe will translate into continued
financial improvement and put us in a good position to take
advantage of a recovery in demand and pricing in our end markets."

"The nitrogen chemical industry continued to be pressured during
the second quarter.  Pricing for all major agricultural product
categories was impacted by the continued oversupply of ammonia in
our primary end markets, along with greater imports and decreased
exports of some of our downstream products.  Industrial and mining
product volumes declined as a result of pandemic-related weakness
in demand in several of our end markets.

"Despite this, our facilities once again performed well during the
second quarter.  As anticipated, our Pryor facility delivered a
significant increase in UAN production volume as a result of our
installation of a new urea reactor in late 2019.  We remain on plan
to surpass our 2019 operating rates in 2020 as a result of the
maintenance and upgrade work that we completed over the past
several years.  We expect these improvements to lead to a
significant production volume improvement in 2020 as compared to
2019."

"With the spread of COVID-19 again increasing throughout much of
the U.S., our top priority remains the health and safety of our
employees.  We've doubled down on the protocols and procedures we
enacted back in March including: daily health screenings,
temperature checks and questionnaires, use of proper personal
protective equipment, regular disinfections and cleaning of
equipment and workspaces, social distancing, working from home
where appropriate, and quarantining of employees as necessary. Our
efforts have continued to prove successful, and we will maintain
our discipline in this regard for however long the current health
risk persists."

"Looking ahead to the second half of 2020, while much of the U.S.
economy has at least partially reopened, substantial uncertainty
remains in our end markets for the balance of the year.  On the
agricultural side, corn acres planted for the 2020 planting season
are now expected to be approximately 92 million, which is below the
USDA's previous forecast of 97 million acres, but up from 2019
plantings of 89 million acres.  While lower expected corn acres
planted is a positive for expected ending corn inventory, reduced
demand from ethanol-related consumption due to the stay-at-home
orders we experienced in the U.S. combined with strong yields
projected from the 2020 planting season, all point to expected
higher ending corn inventory, which will impact crop pricing and
challenge fertilizer pricing for the balance of 2020. With respect
to industrial and mining products, much hinges on the ability of
the economy to continue to gradually increase levels of activity.
We are seeing pockets of recovery in this part of our business and
expect continued improvement in the second half of 2020."

Mr. Behrman concluded, "Our primary focus remains on the health and
safety of our employees and all of the people we interact with in
the course of performing our daily business activities. Beyond
that, our top priority is continuing to operate our facilities at
the levels we have delivered in the past several quarters, which
has translated into continued production volume improvement.  We
performed well in this regard during the second quarter and thus
far in the third quarter, a trend we expect to continue for the
balance of the year.  Despite the headwinds to our industry and our
business created by COVID-19, given our operational improvements,
we continue to project year-over-year improvement in our adjusted
EBITDA and cash flow in 2020."

         Financial Position and Capital Expenditures

As of June 30, 2020, the Company's total cash position was $56.5
million.  Additionally, the Company had approximately $12.6 million
of borrowing availability under its Working Capital Revolver giving
it total liquidity of approximately $69.1 million.  Total long-term
debt, including the current portion, was $499.0 million at June 30,
2020 compared to $459.0 million at Dec. 31, 2019.  The increase in
long-term debt largely reflects a use of funds from the Company's
revolver as it preemptively borrowed on the revolver to ensure
access to liquidity given the uncertainty surrounding COVID-19.
Additionally, during the second quarter of 2020, the Company
received $10.0 million under the Paycheck Protection Program
established by the federal government's CARES Act.  The aggregate
liquidation value of the Series E Redeemable Preferred at June 30,
2020, inclusive of accrued dividends of $120.0 million, was $259.8
million.

Interest expense for the second quarter of 2020 was $12.5 million
compared to $11.3 million for the same period in 2019.

Capital expenditures were approximately $7.2 million in the second
quarter of 2020.  For the full year of 2020, total capital
expenditures related to capital work performed in 2020 are expected
to be between $25 million and $30 million, inclusive of investments
to be made for margin enhancement purposes.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/Vdoe80

                         LSB Industries

Headquartered in Oklahoma City, Oklahoma, LSB Industries, Inc. --
http://www.lsbindustries.com/-- manufactures and sells chemical
products for the agricultural, mining, and industrial markets. The
Company owns and operates facilities in Cherokee, Alabama, El
Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a
global chemical company in Baytown, Texas.  LSB's products are sold
through distributors and directly to end customers throughout the
United States.

LSB Industries reported a net loss attributable to common
stockholders of $96.44 million for the year ended Dec. 31, 2019,
compared to a net loss attributable to common stockholders of
$102.74 million for the year ended Dec. 31, 2018.  As of March 31,
2020, the Company had $1.11 billion in total assets, $111.11
million in total current liabilities, $480.84 million in long-term
debt, $14.51 million in non-current operating lease liabilities,
$5.15 million in other non-current accrued and other liabilities,
$35.34 million in deferred income taxes, $243.70 million in
redeemable preferred stock, and $219.49 million in total
stockholders' equity.

                          *    *    *

As reported by the TCR on May 7, 2018, S&P Global Ratings raised
its corporate credit rating on Oklahoma City, Oklahoma-based LSB
Industries Inc. to 'CCC+' from 'CCC'.  The outlook is stable. "The
upgrade reflects our view of the improvement in LSB's overall
operations for 2017 and the first quarter of 2018 and the completed
refinancing of its $375 million senior secured notes due August
2019, which eliminates near-term refinancing risks.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'. LSB's 'Caa1'
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer pricing
environment, could result in continued weak financial metrics for a
protracted period.


MARINA MILE: Seeks to Hire D&S Law Group as Legal Counsel
---------------------------------------------------------
Marina Mile Tank Cleaning, Inc. seeks authority from the United
States Bankruptcy Court for the Southern District of Florida to
hire D&S Law Group, P.A. as its attorney.

The professional services the attorney will render are:

     (a) give advice to the Debtor with respect to its powers and
duties as a Debtor in Possession and the continued management of
its business operations;

     (b) advise the Debtor with respect to its responsibilities in
complying with the U.S. trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

     (c) prepare motions, pleadings, orders, applications,
adversary proceedings, and other legal documents necessary in the
administration of the case;

     (d) protect the interest of the Debtor in all matters pending
before the court;

     (e) represent the Debtor in negotiation with its creditors in
the preparation of a plan.

D&S Law Group's hourly rates are:

     Elias Leonard Dsouza, Esq.     $350
     Associate Attorneys            $250
     Law Clerks                     $150
     Paralegals/Assistants          $75

Elias Leonard Dsouza, Esq. at D&S LAW GROUP, assures the court that
he and his firm are disinterested as required by 11 U.S.C. Sec.
327(a).

The counsel can be reached through:

     Elias Leonard Dsouza, Esq.
     D&S Law Group, P.A.
     8751 W Broward Blvd Suite 301
     Plantation, FL 33324
     Phone: +1 954-358-5911
     Email: Dtdlaw@aol.com

                 About Marina Mile Tank Cleaning, Inc.

Marina Mile Tank Cleaning, Inc. --
http://marinepressurecleaning.com-- offers marine yacht, boat, and
luxury liner pressure cleaning services.

Marina Mile Tank Cleaning, Inc. filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla.
Case No. 20-17376) on July 6, 2020. The petition was signed by
Dwayne Sands, president. At the time of filing, the Debtor
estimated $50,000 in assets and $1 million to $10 million in
liabilities. Elias Leonard Dsouza, Esq. at ELIAS LEONARD DSOUZA, PA
represents the Debtor as counsel.


MARTIN CONSTRUCTION: Seeks to Hire Graham Brown as Accountant
-------------------------------------------------------------
Martin Construction, Inc. seeks authority from the US Bankruptcy
Court for the United States Bankruptcy Court for the Southern
District of Alabama to employ Keith Graham, CPA of Graham, Brown &
Dutton, PC, as its accountant.

Graham Brown will prepare the Debtor's income tax, sales tax forms
and payroll tax reports.

The accountant will charge an hourly rates of $225 for any work
completed by any partner of Graham Brown and an hourly rate of $125
for any work completed by staff. The accountant requested an
initial retainer of $2,500 from the Debtor.

Keith Graham assures the court that the firm has no connection with
the creditors or any other party-in-interest, or their respective
attorneys, nor does the above-named accountant represent an
interest adverse to the
Debtor or the Estate in the matters upon which it is to be
engaged.

The accountant can be reached through:

     Keith Graham, CPA
     Graham, Brown & Dutton, PC
     1111 Hillcrest Rd
     Mobile, AL 36695
     Phone: +1 251-340-7345

                  About Martin Construction

Martin Construction, Inc. is a construction company in Atmore,
Alabama.

Martin Construction, Inc. filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ala. Case No.
20-11020) on April 1, 2020. The petition was signed by Phillip
Martin, authorized
representative. At the time of filing, the Debtor estimated
$372,937 in assets and $1,018,996 in liabilities. Michael A. Fritz,
Sr., Esq. at FRITZ LAW FIRM represents the Debtor as counsel.


MATRA PETROLEUM: Plan of Liquidation Confirmed by Judge
-------------------------------------------------------
Judge David R. Jones has entered findings of fact, conclusions of
law, and order approving the Disclosure Statement and confirming
Joint Plan of Liquidation of Debtors Matra Petroleum USA, Inc.,
Matra Petroleum Operating, LLC, Matra Petroleum Oil & Gas, LLC, and
Matra Terra, LLC.

All transactions contemplated by the Plan were negotiated and
consummated at arm’s length, without collusion, and in good
faith. In determining that the Plan has been proposed in good
faith, the Court has examined the totality of the circumstances
surrounding the formulation and solicitation of the Plan.

The Plan contemplates the liquidation of the Debtors' assets for
distribution in accordance with the Plan.  The Plan provides
sufficient measures for the funding of distributions to be made
under the Plan. Confirmation of the Plan is not likely to be
followed by the liquidation or need for further reorganization of
the Debtors. Thus, the Plan satisfies the requirements of Sec.
1129(a)(11) of the Bankruptcy Code.

A copy of the order dated June 23, 2020, is available at
https://tinyurl.com/y7xjl4sh from PacerMonitor at no charge.

                    About Matra Petroleum

Matra Petroleum USA Inc. and its subsidiaries are Houston-based
independent oil and gas companies focusing on oil and gas
production. The companies sought Chapter 11 protection (Bankr. S.D.
Tex. Lead Case No. 19-34190) on July 31, 2019.  

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

Judge David R. Jones oversees the case.

The Debtors tapped Hoover Slovacek LLP as their legal counsel;
Macco Restructuring Group, LLC as financial advisor; and MMS
Certified Public Accountants, PLLC as accountant.


MCCLATCHY CO: Creditors to Sue Board, Investor on Chatham Debt
--------------------------------------------------------------
Eliza Ronalds-Hannon and Lauren Coleman-Lochner, writing for
Bloomberg Law, reports that a group of creditors is looking to sue
bankrupt newspaper publisher McClatchy Co.'s board and a major
investor in connection with the company's February bankruptcy,
according to court documents.

It's the latest salvo in a battle between the company's low-ranking
creditors and its would-be owners after hedge funds Chatham Asset
Management and Brigade Capital Management announced in April a plan
to bid more than $300 million to acquire the publisher out of
Chapter 11.

The motion requests permission from the bankruptcy court to pursue
legal claims against Chatham and other parties on behalf of the
McClatchy estate.

                      About McClatchy Co.

The McClatchy Co. (OTC-MNIQQ) -- https://www.mcclatchy.com/ --
operates 30 media companies in 14 states, providing each of its
communities local journalism in the public interest and advertising
services in a wide array of digital and print formats.
McClatchypublishes iconic local brands including the Miami Herald,
The Kansas City Star, The Sacramento Bee, The Charlotte Observer,
The (Raleigh) News & Observer, and the Fort Worth Star-Telegram.

McClatchy is headquartered in Sacramento, Calif., and listed on the
New York Stock Exchange American under the symbol MNI.

On Feb. 13, 2020, The McClatchy Company and 53 affiliates sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 20-10418) with
a Plan of Reorganization that will cut $700 million of funded debt
in half.

McClatchy was estimated to have $500 million to $1 billion in
assets and debt of at least $1 billion as of the bankruptcy
filing.

The cases are pending before the Honorable Michael E. Wiles.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP as
general bankruptcy counsel; Togut, Segal & Segal LLP as
co-bankruptcy counsel with Skadden; Groom Law Group as special
counsel; FTI Consulting, Inc. as financial advisor; and Evercore
Inc. as investment banker.  Kurtzman Carson Consultants LLC is the
claims agent.


MEADE INSTRUMENTS: Seeks to Hire Ishino Esquer as Special Counsel
-----------------------------------------------------------------
Meade Instruments Corp., and the Official Committee of Unsecured
Creditors filed a joint application seeking authority from the U.S.
Bankruptcy Court for the Central District of California to hire
Enrique A. Maldonado Montfort of Ishino, Esquer y Armada, S.C., as
their special counsel in the country of Mexico.

In order to enable the Debtor to exit chapter 11 through a sale or
reorganization process and to facilitate the Debtor’s efforts in
maximizing the value of estate assets, the Debtor and the Committee
require the services of an attorney experienced with the Country of
Mexico's law to, among other things, assist the Debtor and the
Committee in the sale process of Meade Mexico.

The Debtor shall pay a retainer of $1,500 to Mr. Maldonado.

Mr. Maldonado's regular hourly rates of $175 U.S. Dollars, which
may be subject to adjustment in the future.

Mr. Maldonado assures the court that neither he nor Ishino hold or
represent any interest materially adverse to the Committee, the
Debtor or their bankruptcy estates, and that Ishino is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Enrique A. Maldonado Montfort, Esq.
     Ishino, Esquer y Armada, S.C.
     Av Batopilas 2284, Col. Madero (Cacho)
     22040 Tijuana, B.C., Mexico
     Phone: +52 664 684 9893

               About Meade Instruments Corp.

Meade Instruments Corp. designs and manufactures optical products,
including telescopes, cameras, binoculars, and sports optics
products.

Meade Instruments Corp. filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
19-14714) on Dec. 4, 2019. In the petition signed by Victor
Aniceto, president, the Debtor estimated $10 million to $50 million
in both assets and liabilities.  Marc C. Forsythe, Esq., at Goe
Forsythe & Hodges LLP is the Debtor's legal counsel.


MECHANICAL TECHNOLOGIES: Seeks to Hire a Forensic Accountant
------------------------------------------------------------
Mechanical Technologies Corp. d/b/a Alpine Air, seeks authority
from the U.S. Bankruptcy Court for the District of Nevada to employ
Litigation and Valuation Consultants, Inc. as its forensic
accountant.

Litigation and Valuation Consultants will provide consulting
services in regards to a forensic accounting assignment.

The firm's hourly billing rates are:

     Professionals        $195 to $225
     Paraprofessionals        $70
     Court Testimony
     Deposition Testimony    $234

The accountant is a disinterested party and represents no interest
adverse to the estate, according to court filing.

The firm can be reached through:

     Michelle L. Salazar, CPA
     Litigation And Valuation Consultants Inc
     5488 Reno Corporate Drive, Suite 200
     Reno, NV 89511
     Phone: (775) 825-7982
     Email: michelle@lvcreno.com

              About Mechanical Technologies

Mechanical Technologies d/b/a Alpine Air --
http://alpineheatingandair.com/-- specializes in offering single
source contracting for all residential and commercial design/build
needs. The Company services and installs residential heating and
air conditioners. Alpine Air has designed, installed and serviced
projects including computer rooms, environmental chambers,
manufacturing facilities, biotech laboratories, burn-in rooms, and
dry rooms. Alpine Air was established in 1987.

Mechanical Technologies Corp. d/b/a Alpine Air, based in Reno, NV,
filed a Chapter 11 petition (Bankr. D. Nev. Case No. 19-51146) on
Sept. 26, 2019. In the petition signed by John Donovan, president,
the Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  The Hon. Bruce T. Beesley oversees the
case.  Stephen R. Harris, Esq., at Harris Law Practice LLC, serves
as bankruptcy counsel and  Robison Sharp Sullivan & Brust, is
special counsel.


METAL PARTNERS: Seeks to Hire Independent Sales Monitor
-------------------------------------------------------
Metal Partners Rebar, LLC and its debtor affiliates seek approval
from the U.S. Bankruptcy Court for the District of Nevada to employ
an independent sales monitor.

The Debtors and in consultation with JP Morgan Chase Bank, N.A.,
have selected Brian D. Shapiro as the proposed independent sales
monitor (ISM).

The ISM's duties include the monitoring of due diligence
investigation, Debtors' evaluation and determination of "Qualified
Bidders", Debtors' evaluation and comparison of bidders, bids, and
bid terms, Debtors' determination of the highest and best bid
during the Sale Process and auction, Debtors'' determination and
declaration of the Successful Bidder, all other aspects of the sale
and interaction with bidders and prospective bidders. The ISM, with
the consultation of Debtors' counsel, will also be tasked with
preparing a declaration to the Court to verify the integrity of the
sale process if a Successful Bidder emerges. The ISM will serve as
the representative of the Debtors' estates in only these aspects of
the sale process, and will not be appointed for any other
purposes.

The ISM will be compensated with a "flat fee" of $15,000 per
month.

Mr. Shapiro is a "disinterested person" pursuant to sections 327(a)
and 101(14) of the Bankruptcy Code because he is not a creditor,
equity security holder, or insider of the Debtors; he is not, and
was not within 2 years before the Petition Date, a director,
officer or employee of the Debtors; and he does not have an
interest materially adverse to the interests of the estates or any
class of creditors or equity security holders by reason of any
direct or indirect relationship to, connection with, or interest in
the Debtors or for any other reason.

The ISM can be reached at:

     Brian D. Shapiro, Esq.
     Law Office of Brian D. Shapiro
     510 S 8th St
     Las Vegas, NV 89101
     Phone: +1 702-386-8600

              About Metal Partners Rebar

Metal Partners Rebar, LLC and four affiliates concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Lead Case No. 20-12878) on June 16, 2020. The
petitions were signed by Joseph Tedesco, chief financial officer.
At the time of the filing, Metal Partners Rebar, LLC disclosed
estimated assets of $10 million to $50 million and estimated
liabilities of $50 million to $100 million; BGD LV Holding, LLC
disclosed estimated assets of $0 to $50,000 and estimated
liabilities of the same range; BRG Holding, LLC disclosed estimated
assets of $1 million to $10 million and estimated liabilities of
$10 million to $50 million; and BCG Ownco, LLC disclosed estimated
assets of $1 million to $10 million and estimated liabilities of
$10 million to $50 million.

Hon. Mike K. Nakagawa oversees the cases.

Debtors tapped Saul Ewing Arnstein & Lehr LLP as their bankruptcy
counsel; Larson & Zirzow, LLC as general reorganization co-counsel;
High Ridge Partners, LLC as financial advisor; and SSG Advisors,
LLC as investment banker.


MID-ATLANTIC SYSTEMS: Hires Cunningham Chernicoff as Counsel
------------------------------------------------------------
Mid-Atlantic Systems of DPN, Inc., and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the Middle District of
Pennsylvania to employ Cunningham Chernicoff & Warshawsky, P.C., as
counsel to the Debtor.

Mid-Atlantic Systems requires Cunningham Chernicoff to:

   a. give the Debtors legal advice regarding its powers and
      duties as Debtors-in-Possession in the continued operation
      of their business and management of their property;

   b. prepare and file on behalf of the Debtors, as Debtors-in-
      Possession, the original Petition and Schedules, and all
      necessary applications, complaints, answers, orders,
      reports and other legal papers; and

   c. perform all other legal services for the Debtors, as
      Debtors-in-Possession, which may be necessary.

Cunningham Chernicoff will be paid at these hourly rates:

     Robert E. Chernicoff              $400
     Partners                      $200 to $350
     Associate Attorneys           $150 to $200
     Paralegals                        $100

The Debtors paid Cunningham Chernicoff the sum of $13,780 in the 90
day period immediately prior to the filing of the Petition.

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

Robert E. Chernicoff, a partner of Cunningham Chernicoff &
Warshawsky, P.C., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their/its estates.

Cunningham Chernicoff can be reached at:

     Robert E. Chernicoff, Esq.
     CUNNINGHAM CHERNICOFF & WARSHAWSKY, P.C.
     P.O. Box 60457
     Harrisburg, PA 17106-0457
     Tel: (717) 238-6570

              About Mid-Atlantic Systems of DPN

Mid-Atlantic Systems of DPN, et al., are waterproofing companies
that specialize in correcting wet and damp basements and structural
damage.  They offer basement waterproofing, foundation repair,
concrete repair, structural repair, radon detection & remediation,
among other services.

Mid-Atlantic Systems of DPN, Inc., based in Newark, DE, and its
affiliates sought Chapter 11 protection (Bankr. M.D. Pa. Lead Case
No. 20-02177) on July 20, 2020.  The Hon. Henry W. Van Eck presides
over the case.

In its petition, the Debtor was estimated to have up to $50,000 in
assets and $100,000 to $500,000 in liabilities.  The petition was
signed by Charles Levine, director, Mid-Atlantic Systems of DPN.

CUNNINGHAM CHERNICOFF & WARSHAWSKY, P.C., serves as bankruptcy
counsel to the Debtor.



MIDTOWN CAMPUS: Hires Bosch Group as Construction Consultant
------------------------------------------------------------
Midtown Campus Properties, LLC, seeks authority from the U.S.
Bankruptcy Court for the Southern District of Florida to employ The
Bosch Group, Inc., as construction consultants to the Debtor.

Bosch Group will perform certain construction consulting services,
including but not limited to, project management, construction
claims preparation and analysis, cost estimating, contractual
non-compliances analysis, litigation support, owner representation
and other miscellaneous Services in connection with the
construction of the Project as deemed appropriate and necessary in
order to advise the Debtor during the course of this Chapter 11
case.

Bosch Group will be paid a monthly fee of $10,000.

Prior to the Petition Date, the Debtor paid Bosch Group a $5,000
retainer that was applied to satisfy pre-petition work equal to
$5,000.

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

Maria B. Bosch, a partner of The Bosch Group, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Bosch Group can be reached at:

     Maria B. Bosch
     THE BOSCH GROUP, INC.
     1931 NW 150 th Avenue Suite 110
     Pembroke Pines, FL 33028
     Tel: (954) 889-2253
     Fax: (305) 418-8400

               About Midtown Campus Properties

Midtown Campus Properties, LLC, is a single asset real estate that
owns the Midtown Apartments.  The Midtown Apartments is a 310-unit
student housing apartment complex currently under construction at
104 NW 17th St in Gainesville Florida, just across the University
of Florida.  It consists of a six-story main building, parking
garage for resident and public use, and commercial retail space.
Each unit includes a full-size kitchen, carpet, tile and hardwood
floors and be fully furnished. It is located near several Midtown
bars and restaurants frequented by students, and just a couple
minutes' walk from Ben Hill Griffin Stadium.

On May 8, 2020, Midtown Campus Properties sought Chapter 11
protection (Bankr. S.D. Fla. Case No. 20-15173).  The Debtor was
estimated to have $50 million to $100 million in assets and
liabilities as of the bankruptcy filing.  The Hon. Robert A. Mark
is the presiding judge.  The Debtor tapped Genovese Joblove &
Battista, P.A., as bankruptcy counsel.


MONTMARTRE INC: Seeks to Hire Vortman & Feinstein as Counsel
------------------------------------------------------------
Montmartre Inc. seeks authority from the US Bankruptcy Court for
the Western District of Washington to hire Vortman & Feinstein as
its Chapter 11 counsel.

Montmartre requires the counsel to:

     a. take all actions necessary to protect and preserve Debtor's
bankruptcy estate, including the prosecution of actions on Debtor's
behalf. To undertake, in conjunction as appropriate with special
litigation counsel, the defense of any action commenced against
Debtor, negotiations concerning litigation in which Debtor is
involved, objections to claims filed against Debtor in this
bankruptcy case, and the compromise or settlement of claims;

     b. prepare the necessary applications, motions, memoranda,
responses, complaints, answers, orders, notices, reports and other
papers required from Debtor as Debtor-in-possession in connection
with administration of this case;

     c. negotiate with creditors concerning a Chapter 11 plan, to
prepare a Chapter 11 plan and disclosure statement and related
documents, and to take the steps necessary to confirm and implement
the proposed plan of liquidation;

     d. provide such other legal advice or services as may be
required in connection with the Chapter 11 case.

The Debtor has agreed to compensate Larry B Feinstein, Esq. on the
basis of his ordinary hourly rates of $425.

Mr. Feinstein assures the court that he has no prior connection
with Debtor, its creditors, any party in interest, or their
respective attorneys or accountants.

The firm can be reached through:

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

                      About Montmartre Inc.

Montmartre Inc. sought protection for relief under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Wash. Case No. 20-11872) on July
10, 2020, listing under $1 million in both assets and liabilities.
Larry B Feinstein, Esq. at LARRY B FEINSTEIN, PS represents the
Debtor as counsel.


MOOD MEDIA: Case Summary & 30 Largest Unsecured Creditors
---------------------------------------------------------
Lead Debtor: Mood Media Corporation
             2100 South IH-35 Frontage Road, Suite 201
             Austin, TX 78704

Business Description:     Mood Media -- https://us.moodmedia.com
                          -- is a global provider of in-store
                          audio, visual, and other forms of media
                          and marketing solutions to more than
                          400,000 commercial locations around the
                          world and across a broad range of
                          industries.  Mood is an international
                          business with operations in the United
                          States and in over 40 other countries
                          throughout the world.

Chapter 11 Petition Date: July 30, 2020

Court:                    United States Bankruptcy Court
                          Southern District of Texas

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

    Debtor                                       Case No.
    ------                                       --------
    Mood Media Corporation (Lead Debtor)         20-33768
    Convergence, LLC                             20-33769
    DMX Holdings, LLC                            20-33767
    DMX Residential Holdings, LLC                20-33766
    DMX Residential, LLC                         20-33770
    DMX, LLC                                     20-33765
    Mood Media Borrower, LLC                     20-33772
    Mood Media Co-Issuer, Inc                    20-33773
    Mood Media Holdings, LLC                     20-33774
    Mood Media North America Holdings Corp.      20-33775
    Mood Media North America, LLC                20-33776
    Mood US Acquisition1, LLC                    20-33777
    Muzak Capital LLC                            20-33780
    Muzak Holdings LLC                           20-33781
    Muzak LLC                                    20-33782
    ServiceNET Exp, LLC                          20-33783
    Technomedia NY, LLC                          20-33784
    Technomedia Solutions, LLC                   20-33785

Judge:                    Hon. Marvin Isgur

Debtors'
General
Bankruptcy
Counsel:                  Edward O. Sassower, P.C.
                          Joshua A. Sussberg, P.C.
                          Christopher T. Greco, 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
                                 joshua.sussberg@kirkland.com
                                 christopher.greco@kirkland.com

                            - and -

                          W. Benjamin Winger, Esq.
                          300 North LaSalle Street
                          Chicago, Illinois 60654
                          Tel: (312) 862-2000
                          Fax: (312) 862-2200
                          Email: benjamin.winger@kirkland.com

Debtors'
Local Counsel:            Matthew D. Cavenaugh, Esq.
                          Veronica A. Polnick, Esq.
                          Genevieve Graham, Esq.
                          JACKSON WALKER L.L.P.
                          1401 McKinney Street, Suite 1900
                          Houston, Texas 77010
                          Tel: (713) 752-4200
                          Fax: (713) 752-4221
                          Email: mcavenaugh@jw.com
                                 vpolnick@jw.com
                                 ggraham@jw.com

Debtors'
Investment
Banker:                   PJ SOLOMON, L.P. AND
                          PJ SOLOMON SECURITIES, LLC

Debtors'
Restructuring
Advisor:                  BERKELEY RESEARCH GROUP LLC

Debtors'
Notice &
Claims Agent:             PRIME CLERK LLC
                 https://cases.primeclerk.com/moodmedia/Home-Index

Estimated Assets
(on a consolidated basis): $500 million to $1 billion

Estimated Liabilities
(on a consolidated basis): $500 million to $1 billion

The petitions were signed by Michael F. Zendan II, general counsel
and chief administrative officer.

A copy of Mood Media Corporation's petition is available for free
at PacerMonitor.com at:

                           https://is.gd/J2L97O

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Pandora Media                        Trade           $1,199,793
California Corp
One Chase Manhattan Plaza
0, New York, NY
10005, USA
Anne Marie Ignacio
Tel: 202-380-1322
Email: aignacio@pandora.com

2. Universal Music Enterprises          Trade           $1,025,000
2220 Colorado Ave, 3rd Floor
Santa Monica, CA
90404, USA
UMPG Royalty Customer Service
Tel: 1-888-474-4979
Email: umpg.royalty@umusic.com

3. Oracle Credit Corporation           Services           $645,203
PO Box 412622, Suite 2100
Boston, MA 2241-2622, USA
Michele Seney
Tel: (800) 945-7569
Email: Michele.Seney@leasingcentral.com

4. Smartdog Services, LLC              Services           $563,691
7004 Bee Cave Rd #3
Suite 100
Austin, TX 78746, USA
Accounting Department
Tel: 800-309-1213
Email: accounting@smartdogservices.com

5. Dishnetwork                          Trade             $456,799
13155 Collections Center Drive
0, Chicago, IL, 60693, USA
Heather McKeehan
Tel: 678-745-9306 X19306
Email: heather.mckeehan@dish.com

6. The Bank of New York Mellon         Services           $400,000
240 Greenwich Street,
7E, New York, NY, 10286, USA
Joellen McNamara
Tel: (212) 815-5587
Email: joellen.mcnamara@bnymellon.com

7. McCarter & English, LLP              Services          $390,778
100 Mulberry Street
0, Newark, NJ, 07102, USA
Cynthia Sousa
Tel: (860) 275-6739
Email: csousa@mccarter.com

8. Polywell Computers, Inc.               Trade           $296,310
1461-1 San Mateo Ave
0, South
San Francisco, CA, 94080-USA
Catherine Cheung
Tel: (650) 5837222
Email: jennylin@polywell.com

9. Microsoft Corporation                Services          $267,447
Lockbox 842467
1950 N Stemmons Fwy
Suite 5
Dallas, TX, 75207, USA
Email: v-mialpe@microsoft.com

10. Almo Professional A/V                 Trade           $254,525
South LLC
PO Box 536251
0, Pittsburgh, PA 15253-5904, USA
Moyra Keita
Tel: 215-698-4000 x4032
Email: mkeita@almo.com

11. S&P Global Ratings Canada            Services         $230,333
130 King St. W., 0, Toronto,
ON, M5X 1E5, Canada
Libereta Dalgado
Tel: (416) 507-2588
Email: libereta.dalgado@spglobal.com

12. HM Electronics, Inc.                   Trade          $209,209
2848 Whiptail Loop
0, Carlsbad, CA, 92010, USA
Gail Vahidi
Tel: (858) 5356136
Email: jpenaloza@hme.com

13. West Monroe Partners LLC             Services         $207,526
222 W. Adams St, 11th Floor,
0, Chicago, IL, 60606, USA
Tel: (800) 828-6708
Email: cgaloozis@wmp.com

14. Partech, Inc.                          Trade          $195,377
8383 Seneca Turnpike
0, New Hartford, NY
13413, USA
Jessica Pagliaro
Tel: 1-800 448-6505 Option 5
Email: Jessica_Pagliaro@partech.com

15. Scent Air                              Trade          $193,323
14301-G
South Lakes Drive, 0
Charlotte, NC 28273, USA
Kirsten Carter
Tel: (704) 5042320
Email: customercare@scentair.com

16. APPS Associated LLC                   Services        $192,292
40 Nagog Park, #105, 0
Action, MA 01720, USA
Apps Associates A.R. Team,
Tel: 1.978.399.0230
Email: invoicing@appsassociates.com

17. Cigna Healthcare (Muzak)               Trade          $167,611
P.O. Box 644546
0, Pittsburgh, PA 15264-4546, USA
Jennifer Boatright
Tel: 770-261-7557
Email: jennifer.boatright@cigna.com

18. Ingram Micro Inc.                      Trade          $145,578
PO Box 775877, 0, Chicago, IL
60677-5877, USA
Credit Department
Tel: 716-616-4000
Email: ingrammicro-us@billtrust.com

19. Intelat USA Sales Corp                 Trade          $144,000
3400 International Drive
N.W., 0, Washington, DC
20008-3006, USA
Billing Manager
Tel: 1 703 559 8230
Email: billing.inquiries@intelsat.com

20. Insight Global, Inc.                  Services        $139,366
PO Box 198226, 0, Atlanta, GA
30384-2346, USA
Mara Truesdale
Tel: 714 505-9399
Email: mara.truesdale@yahoo.com

21. Crestron Electronics, Inc.             Trade          $120,995
PO Box 932917, 0
Atlanta, GA 31193-2917
USA
Crestron Customer Finance
Tel: 201.767.3400
Email: INVOICE@crestron.com

22. Spectrio, LLC                          Trade          $116,015
PO Box 890271, 0 Charlotte, NC
28289, USA
Luis Munoz
Tel: 800-584-4653
Email: ar@spectrio.com

23. Herman Pro AV                          Trade          $108,437
10110 USA Today Way, 0
Miramar, FL, 33025
Joel
Tel: (305) 4770063
Email: CAyala@HermanProAV.com

24. Dynascan Technology Inc.               Trade          $105,325
7 Chryslter, 0
Irvine, CA, 92618, USA
Diana Hu
Email: diana.hu@dynascandisplay.com

25. Moody's Investors Service, Inc.      Services          $93,750
7WTC At
250 Greenwich Street
New York, NY 10007
Donna Hamrah
Tel: (212) 553-0590
Email: MISCollections@moodys.com

26. Business Music Inc.                  Services          $92,957
PO Box 2568
Amarillo, TX 79105
Customer Service
Tel: (409) 842-5982
Email: mood@aaius.com

27. Syntax Systems Ltd., LLC             Services          $92,816
110 Fieldcrest Avenue
Edison, NJ 08837
Shirley Arseneault
Tel: (514) 733-7864
Email: sarseneault@syntax.com

28. TOA Electronics, Inc.                  Trade           $86,894
1 Harmon Plaza, Ste. 602
Secaucus, NJ 07094
Chelsea Burtwell
Tel: (650) 452-1248
Email: art@toaelectronics.com

29. UPS Supply Chain                       Trade           $77,509
Solutions Inc.
28013 Network Place
Chicago, IL 60673-1280
Michaelle Jackson
Tel: (502) 485-2251
Email: ddamhosl@ups.com

30. Merrill Communications LLC           Services          $75,000
One Merrill Circle
St. Paul, MN 55108
Laura Kaiser
Tel: (651) 632-4655
Email: laura.kaiser@merrill.corp.com


NEIMAN MARCUS: Court Says Creditors Wait for Alternative Ch.11 Plan
-------------------------------------------------------------------
Law360 reports that the unsecured creditors of Neiman Marcus intend
to file a alternative Chapter 11 plan to reclaim an allegedly
improper $1 billion dividend payment.  At a remote status
conference, U.S. Bankruptcy Judge David Jones told the unsecured
creditors committee that it can't attach its proposed plan to its
request for an early end to Neiman Marcus' exclusive right to file
a reorganization plan.  But the judge did ask the committee to file
the plan under seal two days before the exclusivity hearing.

                  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
Web site 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.


NEWS-GAZETTE: Unsecureds to Recover 60% to 81% in Liquidating Plan
------------------------------------------------------------------
The News-Gazette, Inc., an Illinois corporation, and D.W.S., Inc.,
a Delaware corporation, filed with the U.S. Bankruptcy Court for
the District of Delaware a Plan of Liquidation and a Disclosure
Statement on June 25, 2020.

The Plan provides for the Debtors, and the Reorganized Debtors
after the Effective Date, to liquidate the remaining Assets of the
Debtors and their Estates (referred to as the "Reorganized Debtor
Assets"), including investigation and, if appropriate after
investigation, prosecution of Retained Causes of Action. The Plan
provides for the distribution of the remaining Assets to classes of
creditors in the order of priority. After payment in full to
Holders of Administrative, Priority and Secured Claims, the Plan
establishes a reserve fund of $300,000 to be distribution ratably
to Holders of General Unsecured Creditors with the remaining
Reorganized Debtor Assets, to be Distributed ratable to Holders of
Pension Claims.

The Reorganized Debtors will be responsible for liquidating the
Reorganized Debtor Assets and making Distributions to Holders of
Allowed Claims, the dissolution of the Debtors, and closing of the
Chapter 11 Cases.

Class 2 General Unsecured Claims will have a 60% to 81% estimated
percentage recovery.  On or as soon as practicable after the
Initial Distribution Date and/or any Subsequent Distribution Date,
the Reorganized Debtors shall pay each Holder of an Allowed General
Unsecured Claim, in full and final satisfaction of such Allowed
General Unsecured Claim, its Pro Rata share of the Reorganized
Debtor General Unsecured Claims Reserve.  For the avoidance of
doubt, the Reorganized Debtor General Unsecured Claims Reserve
shall be the only source of funding under the Plan that is
available for Distributions to Holders of Allowed General Unsecured
Claims.

Class 5 Equity Interests will be deemed cancelled, null, and void.

All of the Debtors' and the Estates' rights, title, and interests
in the Reorganized Debtor Assets shall be automatically deemed
vested in the Reorganized Debtors, notwithstanding any prohibition
on assignment under non-bankruptcy law. The Reorganized Debtors
shall hold the Reorganized Debtor Assets for the benefit of the
Holders of Allowed Claims to be liquidated and distributed in
accordance with the provisions of the Plan.

On the Effective Date, the Debtors shall fund, and the Reorganized
Debtors shall establish and thereafter maintain, the Reorganized
Debtor Administrative and Priority Claims Reserve, which funds
shall vest in the Reorganized Debtors free and clear of all Liens,
Claims, encumbrances, charges, and other interests, except as
otherwise specifically provided in the Plan and Confirmation Order.
Funds in the Reorganized Debtor Administrative and Priority Claims
Reserve shall be used by the Reorganized Debtors only for the
payment of U.S. Trustee Fees and Allowed Secured Claims,
Administrative Claims, Priority Claims, and Professional
Compensation Claims, to the extent that such Allowed Claims have
not been paid in full on or prior to the Effective Date.

The Debtors shall continue to operate as Debtors in Possession
during the period from the Confirmation Date through and until the
Effective Date.

A full-text copy of the Disclosure Statement dated June 25, 2020,
is available at https://tinyurl.com/y7um5bc9 from PacerMonitor at
no charge.

Co-Counsel to the Debtors:

         McDONALD HOPKINS LLC
         Nicholas M. Miller
         Michael J. Kaczka
         300 N. LaSalle Street, Suite 1400
         Chicago, IL 60654
         Telephone: (312) 280-0111

              - and -

         CHIPMAN BROWN CICERO & COLE, LLP
         William E. Chipman, Jr.
         Mark D. Olivere (No. 4291)
         Hercules Plaza
         1313 North Market Street, Suite 5400
         Wilmington, DE 19801
         Telephone: (302) 295-0191

                     About The News-Gazette

The News-Gazette is a daily newspaper serving 11 counties in the
eastern portion of Central Illinois and specifically the
Champaign-Urbana metropolitan area.

The News-Gazette Inc. and its debtor affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case
No. 19-11901) on Aug. 30, 2019.  At the time of the filing, the
Debtor had estimated assets of between $1 million and $10 million
and liabilities of between $10 million and $50 million.  Judge
Karen B. Owens oversees the case.  William E. Chipman, Jr. at
Chipman Brown Cicero & Cole, LLP, is the Debtors' legal counsel.


NFP CORP: Moody’s Rates $1.25BB 8-Yr. Unsecured Notes 'Caa2'
--------------------------------------------------------------
Moody's Investors Service has assigned a Caa2 rating to $1.25
billion of eight-year senior unsecured notes being issued by NFP
Corp. (NFP, corporate family rating B3). The company will use net
proceeds of the offering to redeem $900 million of existing senior
unsecured notes due July 2025, redeem $305 million of existing
senior secured notes due January 2024, pay related fees and
expenses, and for general corporate purposes. The rating outlook
for NFP is unchanged at stable.

RATINGS RATIONALE

For insurance brokers, including NFP, the coronavirus and related
economic downturn will weigh on revenues, earnings and cash flows
depending on the duration and severity of the downturn. Insurance
premium volumes and related brokerage commissions will be reduced
by declining insured exposures and return premium provisions in
various commercial lines, mitigated by rising insurance rates in
certain lines. Brokers do benefit from the mandatory nature of many
insurance products (to meet insured parties' regulatory and
financing requirements) and by the brokers' largely variable cost
structure. NFP maintains a $400 million revolving credit facility
which provides additional liquidity to operate in the current
environment. Moody's expects that NFP will limit discretionary
spending, including acquisitions, in the months ahead to maintain
its credit profile.

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

Offsetting these strengths are NFP's persistently high financial
leverage and limited interest coverage, leaving the company little
room for error in managing its existing and acquired operations.
NFP also has contingent earnout liabilities that consume a
significant portion of its free cash flow.

Giving effect to the proposed financing, NFP will have pro forma
debt-to-EBITDA around 7.5x, (EBITDA - capex) interest coverage in
the range of 1.3x-1.6x, and free-cash-flow-to-debt in the low
single digits, according to Moody's estimates. The rating agency
expects NFP to maintain financial leverage at or below 7.5x. These
pro forma metrics reflect Moody's adjustments for operating leases,
contingent earnout obligations, certain non-recurring items and
run-rate EBITDA from acquisitions.

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

Factors that could lead to an upgrade of NFP's ratings include:

  (i) debt-to-EBITDA ratio below 6x,

(ii) (EBITDA- capex) coverage of interest exceeding 2x,

(iii) free-cash-flow-to-debt ratio exceeding 5%, and

(iv) successful integration of acquisitions.

Factors that could lead to a rating downgrade include:

  (i) debt-to-EBITDA ratio above 7.5x,

(ii) (EBITDA - capex) coverage of interest below 1.2x,

(iii) free-cash-flow-to-debt ratio below 2%, or

(iv) a significant loss of revenue and decline in EBITDA resulting
from the economic downturn.

Moody's has assigned the following rating (and loss given default
(LGD) assessment):

  $1.25 billion eight-year senior unsecured notes at Caa2 (LGD5).

The following NFP ratings remain unchanged:

Corporate family rating at B3;

  Probability of default rating at B3-PD;

  $400 million backed senior secured revolving credit facility
maturing in February 2025 at B2 (LGD3);

  $1,850 million backed senior secured term loan maturing in
February 2027 at B2 (LGD3);

  $300 million backed senior secured notes maturing in May 2025 at
B2 (LGD3);

  $305 million backed senior secured notes maturing in January
2024, at B2 (LGD3) (rating to be withdrawn upon redemption of
notes);

  $650 million senior unsecured notes maturing in July 2025, at
Caa2 (LGD5) (rating to be withdrawn upon redemption of notes);

$250 million senior unsecured notes maturing in July 2025, at Caa2
(LGD5) (rating to be withdrawn upon redemption of notes).

The rating outlook for NFP is unchanged at stable.

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

Based in New York City, NFP provides a range of brokerage,
consulting and advisory services, including corporate benefits,
retirement, property & casualty, individual insurance and wealth
management solutions largely in the US. The company generated
revenue of $1.5 billion for the 12 months through March 2020.


NOBLE CORPORATION: Case Summary & 50 Largest Unsecured Creditors
----------------------------------------------------------------
Lead Debtor: Noble Corporation plc
             10 Brook St.
             London, United Kingdom W1S 1BG

Business Description:      Noble-- www.noblecorp.com -- is an
                           offshore drilling contractor for the
                           oil and gas industry.  The Company
                           provides contract drilling services to
                           the international oil and gas industry
                           with its global fleet of mobile
                           offshore drilling units.  Noble focuses
                           on a balanced, high-specification fleet
                           of floating and jackup rigs and the
                           deployment of its drilling rigs in oil
                           and gas basins around the world.

Chapter 11 Petition Date: July 31, 2020

Court:                    United States Bankruptcy Court
                          Southern District of Texas

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

     Debtor                                              Case No.
     ------                                              --------
     Noble Corporation plc (Lead Debtor)                 20-33826
     Bully 1 (Switzerland) GmbH                          20-33829
     Bully 2 (Switzerland) GmbH                          20-33830
     Noble 2018-I Guarantor LLC                          20-33831
     Noble 2018-II Guarantor LLC                         20-33832
     Noble 2018-III Guarantor LLC                        20-33833
     Noble 2018-IV Guarantor LLC                         20-33835
     Noble Asset Mexico LLC                              20-33881
     Noble BD LLC                                        20-33836
     Noble Bill Jennings LLC                             20-33883
     Noble Cayman Limited                                20-33837
     Noble Cayman SCS Holding Limited                    20-33838
     Noble Contracting II GmbH                           20-33839
     Noble Corporation                                   20-33841
     Noble Corporation Holdings Ltd                      20-33843
     Noble Corporation Holding LLC                       20-33845
     Noble Drilling (Guyana) Inc.                        20-33846
     Noble Drilling (TVL) Ltd                            20-33850
     Noble Drilling (U.S.) LLC                           20-33851
     Noble Drilling Americas LLC                         20-33853
     Noble Drilling Exploration Company                  20-33854
     Noble Drilling Holding LLC                          20-33825
     Noble Drilling International GmbH                   20-33855
     Noble Drilling NHIL LLC                             20-33856
     Noble Drilling Services Inc.                        20-33857
     Noble DT LLC                                        20-33862
     Noble Earl Frederickson LLC                         20-33884
     Noble FDR Holdings Limited                          20-33863
     Noble Holding (U.S.) LLC                            20-33865
     Noble Holding International Limited                 20-33867
     Noble Holding UK Limited                            20-33871
     Noble International Finance Company                 20-33872
     Noble Leasing (Switzerland) GmbH                    20-33874
     Noble Leasing III (Switzerland) GmbH                20-33875
     Noble Mexico Limited                                20-33885
     Noble Resources Limited                             20-33876
     Noble Rig Holding I Limited                         20-33879
     Noble Rig Holding II Limited                        20-33880
     Noble SA Limited                                    20-33877
     Noble Services International Limited                20-33828

Judge:                    Hon. Marvin Isgur

Debtors'
Counsel:                  George N. Panagakis, Esq.
                          Anthony R. Joseph, Esq.
                          SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
                          155 N. Wacker Dr.
                          Chicago, Illinois 60606-1720
                          Tel: (312) 407-0700
                          Fax: (312) 407-0411
                          Email: george.panagakis@skadden.com

                            – and –

                          Mark A. McDermott, Esq.
                          Jason N. Kestecher, Esq.
                          Nicholas S. Hagen, Esq.
                          One Manhattan West
                          New York, New York 10001
                          Tel: (212) 735-3000
                          Fax: (212) 735-2000
                          Email: mark.mcdermott@skadden.com
                                 jason.kestecher@skadden.com

Debtors'
Co-Counsel:               John F. Higgins, Esq.
                          Eric M. English, Esq.
                          M. Shane Johnson, Esq.
                          Megan Young-John, Esq.
                          Emily D. Nasir, Esq.
                          PORTER HEDGES LLP
                          1000 Main St., 36th Floor
                          Houston, Texas 77002
                          Tel: (713) 226-6000
                          Fax: (713) 226-6248
                          Email: jhiggins@porterhedges.com
                                 eenglish@porterhedges.com
                                 sjohnson@porterhedges.com
                                 myoung-john@porterhedges.com
                                 enasir@porterhedges.com

Debtors'
Financial
Advisor:                  ALIXPARTNERS, LLP

Debtors'
Investment
Banker:                   EVERCORE GROUP L.L.C.

Debtors'
Claims &
Noticing
Agent and
Administrative
Advisor:                  EPIQ CORPORATEa RESTRUCTURING, LLC
                          https://dm.epiq11.com/case/noble/dockets

Total Assets as of March 31, 2020: $7,261,099,000

Total Liabilities as of March 31, 2020: $4,664,567,000

The petitions were signed by Richard B. Barker, chief financial
officer.

A copy of Noble Corporation's petition is available for free at
PacerMonitor.com at:

                     https://is.gd/LVFP53

Consolidated List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. U.S. Bank                       Unsecured Debt     $769,704,093
60 Livingston Ave.                  7.875% Senior
St. Paul, MN 55107                      Notes
Contact: Alejandro Hoyos
Email: alejandro.hoyos@usbank.com

2. JPMorgan Chase Bank, N.A.        Unsecured Debt    $549,995,940
712 Main Street                    Senior Revolving
5th Floor                             Facility
Houston, TX 77002
Contact: Gregory N Rostick
Email: gregory.n.rostick@chase.com

3. The Bank of New York Mellon      Unsecured Debt    $487,790,864
Trust Company, N.A.                 5.250% Senior
601 Travis Street                       Notes
16th Floor
Houston, TX 77002
Contact: Lisa McCants
Email: lisa.mccants@bnymellon.com

4. Wilmington Trust,                Unsecured Debt    $459,162,987
National Association                7.950% Senior
1100 North Market Street                Notes
Wilmington, DE 19801
Contact: Barry Somrock
Email: bsomrock@wilmingtontrust.com

5. Wilmington Trust,                Unsecured Debt    $407,441,506
National Association                7.750% Senior
1100 North Market Street                Notes
Wilmington, DE 19801
Contact: Barry Somrock
Email: bsomrock@wilmingtontrust.com

6. The Bank of New York Mellon      Unsecured Debt    $402,770,127
Trust Company, N.A.                 6.200% Senior
601 Travis Street                       Notes
16th Floor
Houston, TX 77002
Contact: Lisa McCants
Email: lisa.mccants@bnymellon.com

7. Wilmington Trust,                Unsecured Debt    $402,752,583
National Association                8.950% Senior
1100 North Market Street                 Notes
Wilmington, DE 19801
Contact: Barry Somrock
Email: bsomrock@wilmingtontrust.com

8. The Bank of New York Mellon      Unsecured Debt    $399,837,398
Trust Company, N.A.                  6.050% Senior
601 Travis Street                       Notes
16th Floor
Houston, TX 77002
Contact: Lisa McCants
Email: lisa.mccants@bnymellon.com

9. The Bank of New York Mellon      Unsecured Debt     $81,435,197
Trust Company, N.A.                  4.625% Senior
601 Travis Street                        Notes
16th Floor
Houston, TX 77002
Contact: Lisa McCants
Email: lisa.mccants@bnymellon.com

10. The Bank of New York Mellon     Unsecured Debt     $64,066,969
Trust Company, N.A.                 4.900% Senior
601 Travis Street                       Notes
16th Floor
Houston, TX 77002
Contact: Lisa McCants
Email: lisa.mccants@bnymellon.com

11. The Bank of New York Mellon     Unsecured Debt     $21,505,749
Trust Company, N.A.                 3.950% Senior
601 Travis Street                       Notes
16th Floor
Houston, TX 77002
Contact: Lisa McCants
Email: lisa.mccants@bnymellon.com

12. National Oilwell Varco            Trade Debt        $3,724,294
5100 North Sam Houston
Parkway West
Houston, TX 77086
Tel: 281-325-6533
Email: brian.wesneski@nov.com

13. Marks, Scott                       Deferred         $2,851,188
Address on File                      Compensation
Tel: 832-520-5717
Email: scottmarks1113@gmail.com

14. Martin, Therald                    Deferred         $2,159,174
Address on File                      Compensation
Tel: 281-202-8969
Email: therald.martin@yahoo.com

15. Madden, Thomas                     Deferred           $857,405
Address on File                      Compensation
Tel: 713-410-4949
Email: maddenirl@aol.com

16. National Oilwell Varco LP         Trade Debt          $578,720
10353 Richmond Avenue
Houston, TX 77042
Tel: 713-346-7233
Email: noblesales@nov.com

17. Hpetroconsult Ltda                Trade Debt          $461,058
Barra D Tijuca
Rio De Janeiro 22640-102
Brazil
Tel: 22-2430-4500
Email: hpetroconsult@inforlink.com.br

18. National Oilwell Varco            Trade Debt          $365,166
Norway AS
Lagerveien 8
8181
Stavanger 4034
Norway
Tel: 47-5181-8181
Email: accountsreceivableafter
market@nov.com

19. Crane Worldwide Logistics         Trade Debt          $359,480
(Thailand)
589/110 20th Floor, Central City BA
Bangkok 10260
Thailand
Tel: 2745-6088-109
Email: supalerk.phitaksuteephong@craneww.com

20. Trasfor SA                        Trade Debt          $337,665
Strada Cantonale 11
Molinazzo Di Monteggio 6998
Switzerland
Tel: 41-58-58- 84400
Email: pl-gbs_switzerland_ar@abb.com

21. Wolford, Bernie                    Deferred           $261,850
Address on File                      Compensation
Tel: 832-600-7915
Email: berniewolford@gmail.com

22. Humes, Larry                       Deferred           $246,587
Address on File                      Compensation
Email: txjhawkscomm@att.net

23. NOV Rig Solutions Pte Ltd.        Trade Debt          $239,534
29 Tuas Bay Drive
Singapore 637429
Singapore
Tel: 6594-1025
Email: adlin.abdulwahid@nov.com

24. Thornton, Bodley                   Deferred           $217,298
Address on File                      Compensation
Tel: 713-823-4228
Email: bpthorntonsr@gmail.com

25. Bridon American Corporation       Trade Debt          $216,969
280 New Commerce Blvd
Wilkes-Barre, PA 18706
Tel: 570-822-3349-215
Email: hfisher@bridonamerican.com

26. Shell Oil Products US             Trade Debt          $192,712
PO Box 4749
Houston, TX 77210
Tel: 632-483-5942
Email: leanel.camporedondo@shell.com

27. Mings Products & Services Ltd.    Trade Debt          $184,662
6 Urquhart Street
Georgetown, Guyana
Tel: 592-225-3553-222
Email: ford.audrey@mps.gy

28. M & M International Inc.          Trade Debt          $172,285
1249 SE Evangeline Thruway
Broussard, LA 70518
Tel: 337-364-4145
Email: mmisales@mmvalve.com

29. Ameriforge Group Inc.             Trade Debt          $171,203
945 Bunker Hill Rd, Suite 500
Houston, TX 77024
Tel: 713-293-1245
Email: ar@afglobalcorp.com

30. Huisman North America             Trade Debt          $163,458
Services, LLC
2502 Wehring Road
Rosenberg, TX 77471
Tel: 832-490-1019
Email: accounting@huisman-na.com

31. Technip Umbilicals Inc.           Trade Debt          $146,752
16661 Jacintoport
Houston, TX 77015
Tel: 281-249-2711
Email: pbajo@technip.com

32. Speedcast Communications, Inc.    Trade Debt          $144,986
4400 S Sam Houston Pkwy E
Houston, TX 77048
Tel: 832-668-2459
Email: collections.america@speedcast.com

33. Hyundai Global Service            Trade Debt          $144,599
Americas o.
7206 Harms Road
Houston, TX 77041
Tel: 832-850-7659
Email: mhkim@hyundai-gs.com

34. Ocean Oilfield                    Trade Debt          $132,961
Drilling Services
No. 8, Persiaran Melor Awana
Kijal
Kemaman 24100
Malaysia
Tel: 9864-0461
Email: accmy@oceanoilfield.com

35. Gulf Agency Co (Oman) LLC         Trade Debt          $130,907
PC 112, Ruwi, Sultanate of Oman
Ruwi 112
Oman
Tel: 244-77800-810
Email: jayaram.sethuraman@gac.com

36. American Bureau of Shipping       Trade Debt          $121,909
PO Box 24860
Dubai
United Arab Emirates
Tel: 4330-6000
Email: asoliman@eagle.org

37. Contitech Oil & Marine            Trade Debt          $120,786
Corporation
11535 Brittmoore Park Drive
Houston, TX 77041
Tel: 832-327-0141
Email: jocelyn.mangunsong@continental.com

38. GE Energy Power                   Trade Debt          $109,507
Conversion USA Inc.
100 East Kensinger Drive, Ste 500
Cranberry Township, PA 16066
Tel: 412-967-0765
Email: gepays_Bid250060@ge.com

39. SPX Flow Oil and Gas Equipments   Trade Debt          $108,000
Plot No 29, Ali Khalifan Rashed
AL
6539
Abu Dhabi
United Arab Emirates
Tel: 971 2 408 190...
Email: thangam.r@spxflow.com

40. Gates & S Trading LLC             Trade Debt          $106,654
Al Quoz  
12973
Dubai
United Arab Emirates
Tel: 6528-0801-262
Email: sadiqh@ahmed@gates.com

41. NOV Saudi Arabia Trading Co.      Trade Debt          $105,558
PO Box 52681
Dammam 20745
Saudi Arabia
Tel: 971 48 064204...
Email: jessy.kolencher@nov.com

42. Sodexo Remote Sites               Trade Debt          $104,183
Australia Pty Ltd
247 Balcatta Road
Perth, WA 6021
Australia
Tel: 892-42-0766
Email: accountsreceivable.amecaa.au@
sodexo.com

43. James, Ronald                      Deferred           $101,808
Address on File                      Compensation
Tel: 281-851-0459
Email: rljames1128@gmail.com

44. Charter Supply Co.                Trade Debt           $99,570
8100 Ambassador Caffery Prky
81735
Broussard, LA 70518
Tel: 337-837-2724
Email: spicard@chartersupply.com

45. Gulf Agency Qatar                 Trade Debt           $96,801

PO Box 6534
Doha Qatar
Tel: 974 323954
Email: shipaccounts.qatar@gac.com

46. FT Farfan Ltd.                    Trade Debt           $96,644
#3-5 Ibis Avenue, Ibis Acres
San Juan
Trinidad and Tobago
Tel: 868-674-7896
Email: receivables@ftfarfan.com

47. Lamprell Energy Limited           Trade Debt           $92,505
Jebel Ali Free Zone, Gate 4
33455
Dubai
United Arab Emirates                   
Tel: 652-823-23-504
Email: sharmilas@lamprell.com

48. Eaglin, Michael                   Litigation
Arnold & Itkin LLP
6009 Memorial Drive
Houston, TX 77007
Email: karnold@arnolditkin.com

49. Paragon Litigation Trust          Litigation
Kirkland & Ellis LLP
300 North Lasalle
Chicago, IL 60654
Tel: 312 862 2290
Email: patrick.nash@kirkland.com

50. Transocean Offshore               Litigation
Reynolds Frizzell LLP
1100 Louisiana St., Ste 3500
Houston, TX 77002
Tel: 713-485-7200
Email: creynolds@reynoldsfrizzell.com


NORTHEAST GAS: Owners Want to Tap $15M Ch.11 Loans
--------------------------------------------------
Law360 reports that Northeast Gas Generation LLC, the owner of two
gas-fired electricity generating station, obtained approval June
19, 2020, in Delaware to borrow up to $15 million in post-petition
financing to help fund its Chapter 11 case in pursuit of a debt
restructuring. During a first-day hearing conducted via phone and
video conferencing, attorneys for NorthEast Gas Generation LLC said
the debtor-in-possession financing will be provided by existing
senior secured lenders after parties to the case were unable to
reach agreeable terms on an out-of-court transaction. The full
financing package will provide nearly $40 million in new cash if
approved on a final basis.

                 About Northeast Gas Generation

NorthEast Gas Generation, LLC -- https://www.talenenergy.com/ --
owns and manages a portfolio of two natural gas-fired electric
generating facilities located in the United States: (1) a 1,080 MW
facility located in Athens, New York that achieved commercial
operation on May 5, 2004; and (2) a 360 MW facility, located in
Charlton, Massachusetts, that achieved commercial operation on
April 12, 2001.  The NorthEast Gas is part of a group of
privately-owned independent power generation infrastructure
companies indirectly owned by non-debtors Talen Energy Corporation
and Talen Energy Supply, LLC.

The company filed for Chapter 11 protection for the first time in
2014, through which NorthEast Gas reduced its outstanding debt
obligations by more than $600 million by exchanging its
then-second-lien debt for 93.5% of the equity in a reorganized
company while giving existing equity holders the remaining shares.
The second case commenced in 2018 and reduced the debt load of the
company by another $70 million and turned over the equity of an
operating affiliate to former senior lenders.

NorthEast Gas Generation LLC and its affiliates sought Chapter 11
protection (Bankr. Del. Case No. 20-11597) on June 18, 2020.  In
the recent case, NorthEast Gas was estimated to have $100 million
to $500 million in assets and $500 million to $1 billion in
liabilities.  

The current case has been assigned to U.S. Bankruptcy Judge Mary F.
Walrath, who presided over both previous cases.

The Debtors are represented by Mark D. Collins, Daniel J.
DeFranceschi, Jason M. Madron, Brendan J. Schlauch and David T.
Queroli of Richards Layton & Finger PA.  ALVAREZ & MARSAL NORTH
AMERICA, LLC, is the restructuring advisor.  HOULIHAN LOKEY
CAPITAL, INC., is the investment banker.  PRIME CLERK LLC is the
claims agent.


OLD TIME POTTERY: Committee Hires Tortola as Financial Advisor
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Old Time Pottery,
LLC, seeks authorization from the U.S. Bankruptcy Court for the
Middle District of Tennessee to retain Tortola Advisors, LLC, as
financial advisor to the Committee.

The Committee requires Tortola to:

   a. assist the Committee in compiling and reporting independent
      financial data and other relevant information to
      stakeholders in the Cases, particularly for the benefit of
      the unsecured creditors;

   b. provide information to the Committee, including, but not
      limited to:

      i. provide the Committee any financial data and other
         relevant information, including, but not limited to,
         sale process updates; and

      ii. provide the Committee information related to the Cases
          and making Tortola's professionals reasonably available
          for meetings and/or teleconferences with the Committee,
          Committee counsel, and others when appropriate;

   c. assist in the Committee's coordination and oversight of any
      Section 363 sale process, store closures, going-out-of-
      business sales, lease negotiation, assumption and
      rejection, and the like;

   d. assist with other matters in the course of administration
      of the Cases and Plan formulation and confirmation, as
      requested, that fall within Tortola's expertise, and that
      are mutually agreeable, in order to protect and preserve
      the interests of the Committee and the unsecured creditors;
      and

   e. meet and confer with professionals engaged by the Debtors
      and analysis of findings of those professionals, for the
      benefit of the Committee.

Tortola will be paid at these hourly rates:

     Principals              $750
     Directors               $350
     Associates              $250
     Support Staff           $150

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

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

Tortola can be reached at:

     Steve Curnutte
     TORTOLA ADVISORS, LLC
     Suite 220, 2216 Abbott Martin Road
     Nashville, TN 37215
     Tel: (615) 916-5260

                   About Old Time Pottery

Old Time Pottery, LLC -- https://oldtimepottery.com/ -- is a
retailer that focused on selling home decor and seasonal items.  It
operates 43 retail locations in 11 states.

Old Time Pottery, LLC and its affiliate, OTP Holdings, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.
Tenn. Lead Case No. 20-03138) on June 28, 2020.

At the time of the filing, Old Time Pottery disclosed assets of
between $50 million and $100 million and liabilities of the same
range.  OTP Holdings had estimated assets of between $1 million and
$10 million and liabilities of between $10 million and $50 million.
Judge Marian F. Harrison oversees the cases.  The Debtors are
represented by Bass, Berry & Sims, PLC.


ON MARINE: Asbestos Claimants Taps Legal Analysis as Consultant
---------------------------------------------------------------
The Committee of Asbestos Personal Injury Claimants of ON Marine
Services Company LLC seeks authority from the U.S. Bankruptcy Court
for the Western District of Pennsylvania to retain Legal Analysis
Systems, Inc. as its consultant.

The Committee requires Legal Analysis Systems to:

      a. review and analysis of the Debtor's asbestos claims
database and review and analysis of the Debtor's resolution of
various asbestos claims;

      b. estimate the Debtor's liability for asbestos claims;

      c. provide quantitative analyses of trust distribution
procedures and formulation of matrix values;

      d. evaluate reports and opinions of experts and consultants
retained by other parties to these bankruptcy proceedings;

      e. provide quantitative analyses of other matters related to
asbestos claims as may be requested by the Committee;

      f. testify on matters within its expertise, if requested by
the Committee; and

      g. provide such other services as the Committee may request.

The firm's hourly billing rates are:

     Mark A. Peterson, Ph.D.      $800
     Dan Relles, Ph.D.            $540
     Pat Ebener                   $375
     Andrew Sackett               $500
     Daniel Rourke                $450

Legal Analysis Systems neither holds nor represents any interest
adverse to the Committee with respect to the matters for which it
will be employed and is a "disinterested person" under Secs.
101(14) and 328(c) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Mark A. Peterson, Ph.D.
     Legal Analysis Systems, Inc.
     970 Calle Arroyo
     Thousand Oaks, CA 91360
     Phone: (805) 499-3s72
  
                About ON Marine Services Company

ON Marine Services Company is the continuation of the entity
formerly known as Oglebay Norton Company, as part of which the
Ferro Division operated as an unincorporated division.  In 1999,
Oglebay  Norton Company changed its name to ON Marine Services
Company and became a wholly owned subsidiary of a newly formed
company known as Oglebay Norton Company, an Ohio corporation.  The
Ferro Division and/or ON Marine manufactured and sold refractory
products for use exclusively in steelmaking. ON Marine Services
Company ceased all active business operations in 2010.

ON Marine Services Company filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 20-20007) on Jan. 2, 2020.
Judge Carlota M. Bohm oversees the case.

In its petition, Debtor estimated $1 million to $10 million in
assets and $100,000 to $500,000 in liabilities.  The petition was
signed by Kevin J. Whyte, senior vice president.

Debtor is represented by Paul M. Singer, Esq., at Reed Smith LLP.

A committee of asbestos personal injury claimants has been
appointed in Debtor's case.  The committee is represented by Caplin
& Drysdale, Chartered.


OWENSBORO HEALTH: Fitch Affirms BB+ Issuer Default Rating
---------------------------------------------------------
Fitch Ratings has affirmed its 'BB+' Issuer Default Rating and
revenue bond rating on approximately $580 million of outstanding
revenue bonds issued by the Kentucky Economic Development Finance
Authority on behalf of Owensboro Health, Inc.

The Rating Outlook remains Positive.

SECURITY

The bonds are secured by a security interest in net revenues and
receivables of the obligated group and by a first mortgage lien on
certain property.

ANALYTICAL CONCLUSION

The 'BB+' rating continues to reflect OHI's leveraged balance sheet
with total adjusted debt that is almost equal to the hospital's
annual revenue base. The high debt is the result of OHI's
multi-year investment in its hospitals, clinical program
development and OHI's three large ambulatory centers (known as
Healthplexes). However, the investments have allowed OHI to grow
its clinical presence, increase volumes and continue to generate
strong operating cash flow.

Fitch's Positive Outlook highlights our credit opinion that OHI's
market share (above 90% in its primary service area) and high
operating cash flow will be the means by which the system will
continue to improve its balance sheet profile to a level that will
return the rating to investment grade. Fitch expects that excess
cash flow will continue to grow liquidity as debt is gradually paid
off, and that the improvement to the financial profile will be
steady.

OHI's revenue defensibility is solid with a high market share in a
broad primarily rural service area, but with population growth in
its home county of Daviess. OHI is looking to reinforce and expand
its draw on the southeastern side of its market with the
anticipated acquisition of the 75-bed Twin Lakes Regional Medical
Center (TLRMC) in Leitchfield, Grayson County.

The transaction would be an asset purchase agreement with OHI
providing the funds to defease all of TLRMC's current debt and is
expected to close in the fall. OHI will not be incurring
incremental debt for this transaction. However, the transaction may
result in OHI in adding operating leases for the land and
buildings. Given OHI's track record, Fitch does not expect dilution
of margins with this strategic expansion.

With the midrange revenue defensibility and strong operating risk
assessment, Fitch's new baseline scenario, which incorporates the
uncertainty of the current pandemic, shows OHI's continued
long-term rating trajectory to be more in-line with the lower end
of the 'BBB' rating category.

Nevertheless, the coronavirus pandemic has created an uncertain
environment for the entire healthcare sector, which may result in a
number of different plausible scenarios in the Outlook period.
Fitch's ratings are forward-looking in nature, and Fitch will
monitor developments in the sector as it relates to severity and
duration and will incorporate revised expectations for future
performance and assessment of key risks as necessary.

KEY RATING DRIVERS

Revenue Defensibility: 'bbb'

Dominant Market Position in Modest Service Area

OHI's revenue defensibility is well supported by its position as
the dominant regional provider with about 91% inpatient market
share in its primary service area and limited competition in its
secondary service area. OHI has been able to increase market share
and revenue as a result of increased outpatient volume due to the
addition of three new Healthplexes located in parts of the
secondary service area. The system reported overall volume growth
for the first nine-months of the fiscal year (ended February)
before the pandemic began.

OHI's payor mix has remained stable over the last several years as
Medicaid and self-pay have accounted for about 20% of gross
revenues. While the payor mix may see a slight deterioration in the
current economic environment, OHI has room in the 'bbb' assessment
for revenue source characteristics, defined as less than 25% of
gross revenue from Medicaid and self-pay. As a sole community
provider, OHI also benefits from slightly improved Medicare and
Medicaid reimbursement.

Operating Risk: 'aa'

Operating Strength Despite Pandemic Disruption

Fitch believes OHI will continue to deliver solid operating
profitability levels. OHI has generated strong operating EBITDA
over the past five fiscal years (including unaudited 2020 results)
of approximately 11%. Importantly, the credit has also generated
positive operating margins since fiscal 2018. Operating performance
has been supported through effective cost management efforts and
capturing incremental outpatient volumes. Management expects a
final operating EBITDA of approximately 12.8% in fiscal 2020 (ended
May) that includes $17.4 million in CARES stimulus funds and $33.7
million Medicaid rate appeal settlement on prior year rates. OHI
has no capital needs beyond routine capital spending, having just
completed a $12 million cancer center renovation.

Financial Profile: 'bb'

Improving Financial Profile

OHI's financial profile has gradually improved in recent fiscal
years and is expected to continue moderating as cash accretes to
the balance sheet as a result of continued strong operating margins
and limited capital spending needs. As cash to adjusted debt begins
to approach 50% and net adjusted debt to adjusted EBITDA looks to
drop below 3x, OHI's financial profile advances towards the lower
end of the 'BBB' category in Fitch's baseline scenario in the
context of OHI's strong assessment for operating risk.

ASYMMETRIC ADDITIONAL RISK CONSIDERATIONS

There are no asymmetric risk considerations affecting the IDR and
revenue bond rating determinations.

RATING SENSITIVITIES

Fitch expects Owensboro Health to maintain its strong operating
profitability at or near levels consistent with historical
performance, despite what may be a more challenging fiscal 2021
with the effects of the ongoing pandemic.

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

  -- Financial profile metrics that are consistent with a 'bbb'
category financial profile assessment in Fitch's scenario analysis
(cash to adjusted debt of approximately 50% and net adjusted debt
to adjusted EBITDA below 3x).

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

  -- Unexpected operating disruptions or significant margin
deterioration caused by the acquisition of TLRMC;

  -- Higher than expected capital investments that prevents further
growth in unrestricted liquidity;

  -- Incremental debt other than the operating leases for TRLMC's
acquisition;

  -- If the current economic conditions decline further than Fitch
currently anticipates in fiscal 2021 due to the pandemic, the
financial profile may deteriorate and a negative rating action may
be warranted.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

OHI consists of a 477 licensed bed hospital (including 30 skilled
nursing beds) and a network of employed physician groups with a
total of 124 physicians as of Feb. 28, 2020. These two entities
make up the obligated group and substantially all of the
consolidated entities assets and operations. The consolidated
entity had total revenues of $655 million for fiscal 2019. OHI is
designated as a rural referral center and sole community provider
and is the dominant market provider serving over 90% of its primary
service area of Daviess County in northwestern Kentucky,
approximately 40 miles from Evansville, IN and 110 miles from
Louisville, KY.

There is no plan at this time to add TLRMC to the obligated group
if the acquisition is completed. Fitch's credit analysis is based
on the consolidated audits.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

The highest level of ESG credit relevance, if present, is a score
of 3. This means ESG issues are credit-neutral or have only a
minimal credit impact on the entity(ies), either due to their
nature or to the way in which they are being managed by the
entity(ies).


PARK AVENUE PIZZA: Seeks to Hire Bayco Management as Accountant
---------------------------------------------------------------
Park Avenue Pizza Palace, Inc. seeks authority from the US
Bankruptcy Court for the Southern District of New York to hire
Bayco Management Company, Inc. as its accountant.

The services to be rendered by Bayco are:

     a. prepare/review of monthly debtor-in-possession operating
reports and statements of cash receipts and disbursements including
notes as to the status of non-payroll related tax liabilities, when
possible, and other indebtedness;

     b. prepare compiled financial statements as of the date of
filing of Chapter 11 petitions;

     c. prepare required State and Federal tax filings;

     d. perform such other duties as are normally required of an
accountant, including, but not limited to, the preparation of all
financial statements required in the Debtor's reorganization based
on the information provided by the Debtor.

Bayco charges a flat rate of $1,275 per four-week period operating
report that includes reports for all three of the Debtor's Little
Caesar's stores. Tax preparation and other necessary financial
accounting services will be billed at their current applicable
rates starting at $1,140 for the annual 1120 or 1120s federal and
state income tax returns.

Bayco is a disinterested person within the meaning of 11 U.S.C.
Sec. 101(14), according to court filings.

The firm can be reached through:

     Colleen P. Bayoff
     BAYCO MANAGEMENT COMPANY, INC
     29688 Telegraph Road Suite 200,
     Southfield, MI 48034
     Tel: (248)351-1818
     Fax: (248)351-1919
     Email: tom@BaycoUSA.biz

                   About Park Avenue Pizza Palace, Inc.

Park Avenue Pizza Palace, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 20-10497) on Feb.
17, 2020, listing under $1 million in both assets and liabilities.
Todd S. Cushner, Esq. at CUSHNER & ASSOCIATES, P.C., is the
Debtor's counsel.


PARKING MANAGEMENT: JBG Sues to Recover $2.8M Parking Revenue
-------------------------------------------------------------
Daniel J. Sernovitz, writing for Washington Business Journal,
reports that Bethesda developer JBG Smith Properties filed a
complaint against parking management operator PMI to seek $2.8
million.

An affiliate for JBG Smith Properties claims that the head of one
of Greater Washington's largest parking management operators had
acknowledged diverting $2.8 million in funds that were supposed to
be set aside for the developer -- an allegation that
representatives for the parking firm, Parking Management Inc.,
deny.

The JBG Smith Properties (NYSE: JBGS) affiliate filed a complaint
with the U.S. Bankruptcy Court in Greenbelt, where D.C.-based PMI
had earlier sought Chapter 11 bankruptcy protection in May.
According to that newly filed complaint, an attorney for the
Bethesda-based real estate investment trust claims Kingdon Gould
III, as president of PMI, referred on a pre-Chapter 11 call with a
JBG Smith executive to PMI's "wrong conduct and apologized for what
had occurred."

Representatives for PMI dispute JBG Smith's complaint and plan to
file its response with the court denying the allegations, said
Michael Lichtenstein, an attorney with Shulman, Rogers, Gandal,
Pordy & Ecker PA, who is representing PMI in its bankruptcy case.

JBG Smith made its latest filing to block PMI from using money that
it alleges the parking operator collected from monthly parkers at
JBG Smith facilities to aid in the administration of its bankruptcy
restructuring efforts.  While PMI claims to have nearly $5 million
in various accounts, Arent Fox LLP attorney Mary Joanne Dowd -- who
is representing JBG Smith -- alleges in court filings that $2.8
million of those funds came from parking revenue that PMI was
supposed to collect and turn over to JBG Smith.

That's per an agreement that dates back to 2006, in which PMI is
paid a set annual amount for operating JBG Smith parking facilities
but must remit the remainder from parking fees to JBG Smith.  Dowd
alleges that instead of setting the funds paid by monthly parkers
at JBG Smith facilities aside in a separate account, as it did for
daily parkers, PMI instead deposited them into other accounts where
they were commingled with money from other operations.

If PMI spends "these wrongfully commingled funds in the course of
its operations, JBGS may never be able to collect the funds
belonging to it, " Dowd said in a motion for an injunction filed
along with the complaint.

The issue first surfaced in late May, when JBG Smith opposed PMI's
proposed use of $50,000 to retain the services of a financial
consulting firm. Complicating matters, Dowd said, is that PMI
representatives have said the company is not in a position to pay
all of its creditors in full but intends to propose using income
from its operating facilities to pay its creditors what it can over
a three-year period.

                    About Parking Management

Parking Management, Inc. -- https://www.pmi-parking.com/ -- is a
parking operator in Washington, DC.  It operates 88 leased or
managed properties throughout the Washington, DC and Baltimore
metropolitan areas, specializing in complex mixed-use properties
and has experience in all levels of commercial and residential
parking operations.

Parking Management sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 20-15026) on May 7, 2020.
At the time of the filing, the Debtor disclosed assets of between
$1 million and $10 million and liabilities of the same range.
Judge Thomas J. Catliota oversees the case.  Shulman, Rogers,
Gandal, Pordy & Ecker, PA, is the Debtor's counsel.  JW Infinity
Consulting, LLC, is the Debtor's financial advisor.


PATRIOT TRACTOR: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Patriot Tractor Trailer Sales, LLC
        4910 I-30
        Caddo Mills, TX 75135

Business Description: Patriot Tractor Trailer Sales, LLC is a
                      truck dealer locacted in Texas.

Chapter 11 Petition Date: July 31, 2020

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 20-32065

Judge: Hon. Michelle V. Larson

Debtor's Counsel: Areya Holder Aurzada, Esq.
                  HOLDER LAW
                  901 Main Street Suite 5320
                  Dallas, TX 75202
                  Email: areya@holderlawpc.com

Total Assets: $1,754,926

Total Liabilities: $3,390,473

The petition was signed by Carlos Moreno, member.

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

                        https://is.gd/5F2aDZ


PAYLESS SHOESOURCE: Sues Martha Stewart Living Omnimedia to Recover
-------------------------------------------------------------------
Daniel Gill, writing for Bloomberg Law, reports that Payless
ShoeSource, which emerged from bankruptcy earlier this year, sued
Martha Stewart Living Omnimedia Inc. to recover $1 million Payless
paid prior to filing Chapter 11 in February 2019.

Payless Finance Inc., one of many affiliates that filed bankruptcy
along with Payless Holdings LLC, made the payment in January 2019,
according to the complaint filed June 19, 2020 in the U.S.
Bankruptcy Court for the Eastern District of Missouri. The payment
was for royalties under a license agreement with Martha Stewart
Living that dated back to July 1, 2018.

                    About Payless ShoeSource

Founded in 1956 in Topeka, Kansas, Payless --
https://www.payless.com/ -- is an American footwear retailer
selling shoes and accessories for women, men, girls, and boys.
Payless has 3,400 stores in more than 40 countries. Payless also
operates an e-commerce business through which it sells goods online
at www.payless.com and Amazon.  Payless first traded publicly in
1962, and was taken private in May 2012.

Payless Holdings LLC and 26 of its affiliates filed for bankruptcy
(Bankr. D. Mo. Lead Case No. 19-40883) on Feb. 18, 2019.  In the
petitions signed by CRO Stephen Marotta, the Debtors have estimated
assets and liabilities of $500 million to $1 billion.

The Hon. Honorable Kathy A. Surratt-States presides over the
cases.

The Debtors tapped Akin Gump Strauss Hauer & Feld LLP as lead
counsel and Armstrong Teasdale LLP as co-counsel. Cassels Brock &
Blackwell LLP acts as CCAA proceedings counsel; Seward & Kissel
LLP
acts as independent managers; Ankura Consulting Group, LLC as
restructuring advisors; PJ Solomon, L.P. as financial advisor and
investment banker; PJ Solomon, L.P., as notice and claims agent;
Reevemark LLC as communications consultant; Malfitano Advisors LLC
as liquidation advisors; and Great American Group, LLC and Tiger
Capital Group, LLC as liquidation agents.


PERFECTLY GREEN: Seeks to Hire DeMarco Mitchell as General Counsel
------------------------------------------------------------------
The Perfectly Green Corp. seeks authority from the US Bankruptcy
Court for the Eastern District of Texas to hire DeMarco Mitchell,
PLLC as its general counsel.

Services DeMarco Mitchell will render are :

     a. take all necessary action to protect and preserve the
Estate, including the prosecution of actions on its behalf, the
defense of any actions commenced against it, negotiations
concerning all litigation in which it is involved, and objecting to
claims;

     b. prepare on behalf of the Debtor all necessary motions,
applications, answers, orders, reports, and papers in connection
with the administration of the estate;

     c. formulate, negotiate, and propose a plan of reorganization;
and

     d. perform all other necessary legal services in connection
with these proceedings.

DeMarco Mitchell will be paid at these hourly rates:

        Attorneys            $300 to $350
        Paralegals               $125

DeMarco Mitchell has been paid a retainer of $4,000 (inclusive of
the filing fee of $1,717.00) for legal services to be rendered on
or after the Petition Date. DeMarco Mitchell will also be
reimbursed for reasonable out-of-pocket expenses incurred.

Robert T. DeMarco, a partner at DeMarco Mitchell, PLLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

DeMarco Mitchell can be reached at:

         Robert T. DeMarco, Esq.
         Michael S. Mitchell, Esq.
         DEMARCO MITCHELL, PLLC
         1255 W. 15th Street, 805
         Plano, TX 75075
         Tel: (972) 578‐1400
         Fax: (972) 346‐6791
         E-mail: robert@demarcomitchell.com
                 mike@demarcomitchell.com

                    About The Perfectly Green Corp.

The Perfectly Green Corp. filed its voluntary petition under
Chapter 11 of the United States Bankruptcy Code (Bankr. E.D. Tex.
Case No. 20-41349) on June 11, 2020, listing under $1 million in
both assets and liabilities. Robert T DeMarco, Esq. at Demarco
Mitchell, PLLC, represents the Debtor as counsel.


PERKINS & MARIE: Exits All 7 Milwaukee Locations
------------------------------------------------
Sari Lesk of Milwaukee Business Journal reports that the Covid-19
pandemic led the Milwaukee-area franchise owner of Perkins
Restaurant & Bakery to close the last seven locations in the
region.

Pat Correll said by email that the remaining restaurants were in
West Allis, Brookfield, Delavan, Delafield, Sheboygan, Kenosha and
Glendale. Over time, Correll had up to 17 Perkins locations in a
multi-state area.

The Perkins restaurants fell under SFR III Holdings LLC, for which
Correll served as managing partner.

Past bankruptcies by the franchisor of Perkins did not help the
situation, Correll said.  Those proceedings led to restaurants
closing in the region.

But the new coronavirus amplified the issues.

"With an older demographic guest base being prevalent at Perkins,
the Covid-19 factor was multiplied," Correll said. "Family dining
without drive-thru windows, a breakfast concept without a large
(percentage) of carry-out...just did not work."

In a statement, Perkins said it looks "forward to serving the
Milwaukee community again in the future." The company said it has
been working with franchise owners since the pandemic began to
provide assistance with its Perkins Emergency Relief Plan. The
package includes provisions for royalty deferral, suspension of
marketing fund payments and finance charges and occupancy cost
assistance, Perkins said.

Last year, Atlanta-based Huddle House Inc. purchased the Perkins
business.  Memphis-based Perkins & Marie Callender's Inc. filed for
Chapter 11 bankruptcy last August.

The restaurant chain maintains a presence in Wisconsin. According
to the company's website, Perkins has 23 locations across the state
and nearly 300 throughout the United States.

                About Perkins & Marie Callender's

Perkins & Marie Callender's, LLC, --
http://www.perkinsrestaurants.com/and
http://www.mariecallenders.com/-- are operators and franchisors of
family-dining and casual-dining restaurants, under their two
highly-recognized brands: (i) their full-service family dining
restaurants located primarily in Minnesota, Iowa, Wisconsin, Ohio,
Pennsylvania and Florida under the name "Perkins Restaurant and
Bakery" and (ii) their mid-priced, full-service casual-dining
restaurants, specializing in the sale of pies and other bakery
items, located primarily in California and Nevada under the name
"Marie Callender's Restaurant and Bakery".  The Company was formed
in 2006 following the combination of the Perkins Restaurant &
Bakery chain with Marie Callender's.

As of the Petition Date, the Debtors own 111 Perkins restaurants
located in 11 states, and franchise 255 Perkins restaurants
located
in 30 states and four Canadian provinces.  Similarly, as of the
Petition Date, the Debtors own and/or operate 28 Marie Callender's
restaurants located in three states, and franchise 21 Marie
Callender's restaurants located in two states and Mexico.  Thus,
the Debtors own, operate or franchise over 400 restaurants
throughout the United States, Canada and Mexico.  

On Aug. 5, 2019, Perkins & Marie Callender's, LLC, and 9
affiliates
sought Chapter 11 bankruptcy protection (Bankr. D. Del. Lead Case
No. 19-11743).

Perkins & Marie estimated $50 million to $100 million in assets
and
$100 million to $500 million in liabilities.

The Hon. Kevin Gross oversees the jointly administered cases.

The Debtors tapped Akin Gump Strauss Hauer & Feld LLP as
bankruptcy
counsel; Richards, Layton & Finger, P.A. as local counsel;
Houlihan
Lokey, INnc. as investment banker; and FTI Consulting as financial
advisor.  Kurtzman Carson Consultants LLC is the claims agent.



PG&E CORPORATION: Further Expands PwC's Scope of Work
-----------------------------------------------------
PG&E Corporation has filed an amended application with the U.S.
Bankruptcy Court for the Northern District of California seeking
approval to hire PricewaterhouseCoopers LLP, as management, tax,
and advisory consultant to the Debtors.

PwC will render the following supplemental services:

   Electric Asset Excellence Program Support Services

     -- assist the Debtors with their assessment of the Electric
        Operations team with plans, strategy and documentation,
        assisting Debtors' management with the training and
        implementation of certifications, as mutually agreed.

   Ariba Supply Chain Support Services

     -- assist the Debtors with its Ariba Supply Chain including
        streamline the supplier onboarding process, automation of
        the supplier data registration and implementation of a
        process to support solutions for cost management and
        reporting.

PwC will be paid fixed fee of $1,800,000 for the Electric Asset
Excellence Program Support Services; and a fixed fee of $700,000
for the Ariba Supply Chain Support Services.

Daniel Bowman, principal of PricewaterhouseCoopers LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

PricewaterhouseCoopers can be reached at:

     Daniel Bowman
     PRICEWATERHOUSECOOPERS LLP
     300 Madison Ave.
     New York, NY 10017-6204
     Tel: (646) 471-3000

                  About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco.  It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp. Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018. The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E. Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a managing
director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer. In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer.  Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related activities. Morrison &
Foerster LLP, is special regulatory counsel.  Munger Tolles & Olson
LLP, is special counsel.

The Office of the U.S. Trustee appointed an official committee of
creditors on Feb. 12, 2019.  The Committee retained Milbank LLP as
counsel; FTI Consulting, Inc., as financial advisor; Centerview
Partners LLC as investment banker; and Epiq Corporate
Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants.  The tort claimants' committee is represented by
Baker & Hostetler LLP.



PIER 1 IMPORTS: Sends Plan to Creditors for Voting
--------------------------------------------------
Daniel Gill, writing for Bloomberg Law, reports that Pier 1 Imports

won court approval of its amended disclosure statement, allowing
the home furnishing retailer to submit its liquidation plan for
creditors' votes while partly paying back some lenders.

The disclosure statement, approved by Judge Kevin R. Huennekens of
the U.S. Bankruptcy Court for the Eastern District of Virginia,
envisions term loan lenders likely receiving between 20% and 40% of
what they're owed, the retailer's attorney, Josh Altman of Kirkland
& Ellis LLP, said at a remote hearing.

Pier 1's secured creditors would receive their shares of proceeds
from store liquidation and other asset sales.

                     About Pier 1 Imports

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.


PIER 1 IMPORTS: U.S Trustee Still Has Issues With Amended Plan
--------------------------------------------------------------
John P. Fitzgerald, III , Acting United States Trustee for Region
Four, objects to the Disclosure Statement for the Amended Joint
Chapter 11 Plan of Pier 1 Imports, Inc. and its debtor affiliates
filed on June 9, 2020.  In support of his objection, the UST states
as follows:

   * The Debtors seek to shorten the notice period of the Amended
Disclosure Statement, in violation of the due process rights of
parties-in-interest, Fed. R. Bankr. P 2002(b)(1) and 3017(a), and
Local Rule 3016-1.

   * The Amended Disclosure Statement and Amended Plan should not
provide that a failure to cast a vote is deemed acceptance of the
Amended Plan.

   * The Amended Disclosure Statement and Amended Plan contemplate
a process whereby holders of certain priority claims and
administrative claimants are deemed to consent to a reduced amount
of their claim simply by abstaining from returning an election
ballot or failing to object to the Amended Plan.

   * The release of non-debtor third parties and exculpation
provisions are overly broad and do not satisfy the Behrmann
factors.

   * The Amended Disclosure Statement and Amended Plan provide that
the Debtors, who are winding-down and liquidating their assets,
shall receive a discharge, contrary to 11 U.S.C. Sec. 1141(d)(3).

  * The Amended Disclosure Statement should be denied because the
Amended Plan is not confirmable.

A full-text copy of the U.S. Trustee's objection to disclosure
statement dated June 19, 2020, is available at
https://tinyurl.com/yaz3yqqc from PacerMonitor at no charge.

                     About Pier 1 Imports

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
Web site, 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.


PIER 1 IMPORTS: UST Says Bankruptcy Disclosures Violate Due Process
-------------------------------------------------------------------
Daniel Gill, writing for Bloomberg Law, reports that U.S. Trustee
says that Pier 1 Import's disclosure statement, submitted for its
updated Chapter 11 plan, violates due process.

The retail store's amended disclosure statement, filed June 9, 2020
in the U.S. Bankruptcy Court for the Eastern District of Virginia,
violates due process by shortening the time interested parties have
to respond to it, the U.S. Trustee, the DOJ's bankruptcy watchdog,
said in a June 19 filing.

The trustee also opposed the disclosure statement's plan to deem
parties' failure to vote on the plan as their acceptance of it.

                      About Pier 1 Imports

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: August 3 Plan Confirmation Hearing Set
------------------------------------------------------
On May 19, 2020, Pitbull Realty Group, Inc., filed with the U.S.
Bankruptcy Court for the District of New Hampshire an Amended
Disclosure Statement with respect to the Plan.

On June 19, 2020, Judge Michael A. Fagone approved the Amended
Disclosure Statement and ordered that:

  * July 27, 2020, is fixed as the deadline to file all Ballots.

  * July 30, 2020, is fixed as the deadline for Voting tabulation.

  * July 27, 2020, is fixed as the deadline to file Objections to
confirmation of the Plan.

  * Aug. 3, 2020, at 10:00 a.m. at the United States Bankruptcy
Court, Courtroom A, Warren B. Rudman U.S. Courthouse, 55 Pleasant
Street, Concord, New Hampshire is the hearing on confirmation of
the Plan.

A copy of the order dated June 19, 2020, is available at
https://tinyurl.com/ycjj8j2h from PacerMonitor at no charge.

                   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.


PLAYERS NETWORK: Files Chapter 11 Reorganization
------------------------------------------------
Akanksha Bakshi, writing for Seeking Alpha, reports that Players
Network files for Chapter 11 reorganization, first step in a
strategic plan to reorganize the company, develop stability, and
bring value to its shareholders.

This filing will provide company the opportunity to reorganize its
debt while also dealing with predatory lenders affecting the
company's stock.

"The COVID 19 pandemic, which shuttered Las Vegas, essentially
destroyed our sources of revenue and left the board with no option
but to seek chapter 11 protection," commented Mark Bradley CEO of
Players Network.

                      About Players Network

Players Network is a privately held company that operates in the
cannabis industry.

Players Network, d/b/a The Players Network, Inc., sought Chapter 11
protection (Bankr. D. Nev. Case No. 20-12890) on June 17, 2020.  In
the petition signed by CEO Mark Bradley, the Debtor disclosed total
assets of $496,000 and total liabilities of $5,252,096.  The Hon.
Mike K. Nakagawa is the case judge.  Thomas E. Crowe, Esq., in Las
Vegas, serves as counsel to the Debtor.


POP GOURMET: Seeks to Hire RSM US LLP as Accountant
---------------------------------------------------
Pop Gourmet, LLC, seeks authority from the U.S. Bankruptcy Court
for the Western District of Washington to employ RSM US LLP, as
accountant to the Debtor.

Pop Gourmet requires RSM US LLP to provide tax services on behalf
of the estate, specifically the preparation of tax documents.

RSM US LLP will be paid at these hourly rates:

     Robert Best, CPA               $450
     Tax Manager                    $350
     Staff Accountants              $165

RSM US LLP will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

RSM US LLP can be reached at:

     Robert Best
     RSM US LLP
     1145 Broadway Plaza, Suite 900
     Tacoma, WA 98402
     Tel: (253) 572-7111

                      About Pop Gourmet

POP Gourmet, LLC -- https://www.popgourmetpopcorn.com/ -- is a
manufacturer of potato chips, corn chips, popcorn, and similar
snacks.

POP Gourmet, LLC, based in Seattle, WA, filed a Chapter 11 petition
(Bankr. W.D. Wash. Case No. 20-11497) on May 26, 2020.  In the
petition signed by CEO Steve Gallo, the Debtor disclosed $463,637
in assets and $5,034,487 in liabilities.  The Hon. Timothy W. Dore
presides over the case.  CAIRNCROSS & HEMPELMANN, P.S., serves as
bankruptcy counsel to the Debtor.




PRESBYTERIAN RETIREMENT: Fitch Affirms BB Rating on Several Bonds
-----------------------------------------------------------------
Fitch Ratings has affirmed the 'BB' ratings on the series 2013,
2015, 2016A, 2016B, 2019A, 2019B, and 2019C revenue bonds that were
issued by the Washington State Housing Finance Commission on behalf
of Presbyterian Retirement Communities Northwest Obligated Group
(PRCN; d/b/a Transforming Age).

The Rating Outlook is Stable.

SECURITY

The bonds are secured by the obligated group's (OG) gross revenues,
a mortgage on the OG's facilities and debt service reserve funds.

KEY RATING DRIVERS

STRONG DEMAND: TA's favorable location reputation, successful
operating history, diverse contract offerings and strong market
area have led to consistently strong demand in recent years. Over
the past three fiscal years, TA has averaged a strong 96% in its
independent living units, 95% in its assisted living units and 86%
in its skilled nursing facility beds. Additionally, TA maintains
healthy wait lists at all three of its OG campuses and has presold
approximately 66% of its new ILUs for its IL expansion project.

CAPITAL PROJECT ON TRACK: TA's current capital expansion project
entails building a new 21-story tower with 77 new ILUs at its
Skyline campus. Project costs are estimated at $114 million, which
are expected to be entirely funded from its series 2019 bond
proceeds, including $51 million in temporary debt that will be paid
down from initial entrance fees. The project is largely on time and
on budget. The 'BB' rating incorporates the full size and scope of
the project.

ADEQUATE OPERATIONAL PERFORMANCE: TA's operational performance has
remained consistent, albeit somewhat thin, in recent years, as
evidenced by its 110.4% operating ratio and 1.8% net operating
margin (NOM) in fiscal 2019, which both remain weaker than Fitch's
'BIG' medians of 100.7% and 3.8%, respectively. However, TA's net
entrance fee receipts and overall cash flow levels have remained
strong, as evidenced by its 24.6% NOM-adjusted in fiscal 2019,
which compares favorably to Fitch's 'BIG' median of 19.4%. TA's
operations remain sufficient to support its 'BB' rating and are
expected to significantly improve following completion and
stabilization of its IL expansion project, which is expected to be
accretive to its financial profile.

ELEVATED LONG-TERM LIABILITY PROFILE: TA's debt burden remains
elevated as evidenced by maximum annual debt service equating to a
high 27.8% of fiscal 2019 revenues. Additionally, TA's debt to net
available (including series 2019 bonds) measured a weak 17.3x in
fiscal 2019. However, TA's debt burden is expected to moderate
significantly following project completion and stabilization, which
will significantly improve its revenue base and total cash flow
levels.

ASYMMETRIC RISK CONSIDERATIONS: There are no asymmetric risk
considerations affecting the rating determination.

RATING SENSITIVITIES

The Stable Rating Outlook reflects Fitch's expectations that TA
will successfully execute on its IL expansion project.
Additionally, the Rating Outlook reflects Fitch's expectation that
TA will be able to absorb any coronavirus-related disruptions to
census or operations without material erosion in its key financial
metrics.

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

  -- While outside the two-year outlook period, successful
completion of its ILU expansion project, pay down of the temporary
debt and improvement in key financial metrics near Fitch's
expectations may result in positive rating action.

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

  -- Any project execution issues such as construction delays,
fill-up delays, cost overruns or service disruptions.

  -- Should economic conditions decline further than expected from
Fitch's current expectations or should a second wave of infections
occur, Fitch would expect further pressures on TA's revenue base.
If there are significant additional pressures on TA's revenue base
due to the pandemic, which materially deteriorates its operations,
cash flow levels, or unrestricted reserves, there could be rating
pressure.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

CREDIT PROFILE

In October 2016, PRCN was renamed TA to better reflect the
organization's mission and values, and plan to expand its
geographic reach and offer more senior housing options beyond the
Pacific Northwest. The PRCN OG now does business as TA Seattle OG.
The OG includes TA and three senior living facilities - Park Shore,
Skyline and Fred Lind Manor, all located in the Seattle
metropolitan area.

Park Shore is a Type B life plan community located in the Madison
Park neighborhood in Seattle on Lake Washington. Park Shore was
built in 1963 and currently has 104 ILUs, 28 ALUs and a 28-bed SNF.
Park Shore offers non-refundable and 50% refundable entrance fee
residency agreements for its ILU residents and 90% refundable
residency contracts for several adjacent condominium units that it
has acquired. Skyline is mostly a Type A LPC located in downtown
Seattle and includes 198 ILUs, 48 ALUs, 28 memory care units and a
34-bed SNF. Skyline currently offers lifecare residency agreements
with an 80% refund or a Type B (modified) plan with an 80%
refundable residency contract. Fred Lind Manor affiliated with PCRN
in October 2014 and is an 82-unit senior rental community located
in the Capitol Hill neighborhood of Seattle. Beginning in fiscal
2019, Fred Lind Manor re-categorized its units to assisted living
to better reflect the acuity level of its residents. PRCN used to
own another facility, Exeter House, that it sold in May 2016, and
residents there were transferred to Fred Lind Manor.

In August 2019, TA formed a new not-for-profit corporation,
Transforming Age, Inc., for the future purpose of serving as the
parent organization of the entire system. The TA board of directors
serves as the board of directors for this newly formed corporation.
Once Transforming Age, Inc. becomes a tax-exempt organization, TA
plans to make Transforming Age, Inc. the sole member of all its
affiliates including the OG members. To capitalize the new parent
entity, management plans to transfer cash of about $16 million in
cash and net assets over the next few years from the OG. The 'BB'
rating reflects the anticipated corporate restructuring and
transfers outside the OG. Additionally, it was anticipated that
management staff will be transferred to Transforming Age, Inc.
effective Jan. 1, 2021; however, the timing may be delayed due to
delays from the IRS in processing tax exemptions applications. This
will result in more predictable corporate overhead expenses from
management fees and other general and administrative costs.
Transforming Age, Inc. will not be a member of the OG.

Operations outside of the OG have been accelerating and include a
for-profit senior living consulting company; Presbyterian
Retirement Communities Northwest Foundation; Minnesota Senior
Living, which is a senior housing and care provider that owns and
operates eight stand-alone properties throughout Minnesota; Vashon
Community Care, a senior living community located on Vashon Island,
WA; Eastmont Towers, a retirement community in Lincoln, NE; The
Gardens at Juanita Bay, a 48-unit assisted care facility in
Kirkland, WA; DASH, an affordable housing operator with 796 units
in King County, WA; and Full Life Care, a provider of
community-based elder care services. After a few prior
contributions for the establishment of the corporate office and
disposal of Exeter House, management does not have plans to
financially support non-obligated affiliates other than for the
corporate restructuring. In fiscal 2019, the TA OG reported
approximately $50.6 million in total operating revenues.

The recent outbreak of the coronavirus and rise in related
government containment measures worldwide have created an uncertain
environment for the entire healthcare system in the near term.
While TA's financial performance through the most recently
available data (March 31, 2020) has not indicated any material
impairment as a direct result of the pandemic, material changes in
revenue and cost profiles will occur across the sector. Fitch's
rating is forward-looking in nature, and Fitch will monitor
developments in the sector as a result of the virus outbreak as it
relates to severity and duration and incorporate revised
expectations for future performance and assessment of key risks.

CAPITAL PROJECT LARGELY ON TRACK

TA's large capital expansion project is underway and entails
building a new 21-story tower (called Olympic Tower) at its Skyline
campus that will include 77 new ILUs. The project is largely on
time and on budget. The project has dipped into contingency reserve
funds and is currently two weeks behind schedule due to
COVID-19-related disruptions; however, management feels confident
that the project will still be completed on time and on budget.
Project construction is expected to be completed by September 2021
and initial occupancy is to begin in September 2021.

The project is expected to cost approximately $114 million and will
be funded entirely by the series 2019 bond proceeds. Project costs
include a $4.8 million contingency fund and a guaranteed maximum
price contract, which includes a contractor contingency and a
liquidity damages provision. Additionally, TA is using a reputable
owner's representative to monitor construction progress. Concerns
surrounding construction risk of the project are partially
mitigated by the presence of the GMP, contingency fund and
construction monitor.

Currently, the project is 66% presold with prospective residents
putting down a deposit equivalent to 10% of the initial entrance
fee. The project is expected to generate approximately $97 million
in initial entrance fees, a majority of which will be used to pay
down the $51 million in temporary debt from the series 2019 bond
issuance. The weighted average entrance fees for the new ILUs are
high at approximately $1.3 million and remain higher than the
median home prices in TA's primary service area. However, the
median net worth and annual income levels of the current depositors
are well in excess of the amounts required for admission and
mitigate some concerns surrounding affordability. Regardless, Fitch
believes TA's higher priced units could experience affordability
issues in periods of economic or financial market stress.

Since January 2020, TA has lost four depositors, which is likely
reflective of the stresses and disruptions to financial markets and
TA's marketing efforts due to the coronavirus pandemic. Regardless,
Fitch believes TA's demand indicators are very strong, which should
position them well to execute on the upcoming project.
Additionally, the large initial entrance fee pool and manageable
amount of temporary debt provide TA with financial flexibility if
move-ins are below expectations.

Furthermore, TA's existing cash flow levels remain sufficient to
support its higher MADS, as evidenced by its 1.2x MADS coverage
over the past three fiscal years. TA's solid demand indicators,
strong cash flow levels from existing operations and the presence
of its GMP help mitigate concerns over project execution risks over
the short term. Despite the associated risks and increased debt
burden, the project is expected to be accretive to TA's financial
profile with a higher revenue base, boosted annual cash flow
levels, and stronger liquidity position as approximately $45
million in initial entrance fees are expected to flow to
unrestricted reserves.

SOLID OPERATING PROFILE

TA operates in a primary market area with favorable economic
indicators, strong demographics and a moderate competitive
environment. Overall, TA has demonstrated strong demand for its
services, which Fitch attributes to its solid service area,
successful operating history and favorable local reputation. Over
the past three fiscal years, TA has averaged a strong 96% occupancy
in its ILUs, 95% occupancy in its ALUs and 86% occupancy in its SNF
beds. Furthermore, TA maintains healthy wait lists of 185
prospective residents for its Skyline campus, 396 for its Parkshore
campus and 37 for its Fred Lind Manor campus.

However, despite the strong historical demand, TA's census levels
are expected to soften in fiscal 2020 due to coronavirus
pandemic-related disruptions to marketing efforts and delays in ILU
renovations. At the three-month interim period, TA had census
levels of 92% in its ILUs, 98% in its ALUs and 84% in its SNF beds.
Overall, despite the softening, Fitch believes TA's demand
indicators are strong, which should continue to support the strong
census, despite various disruptions from the pandemic.

SUFFICIENT FINANCIAL PROFILE

TA's financial profile remains sufficient to support its current
rating level and is expected to significantly improve following
completion and stabilization of its IL expansion project. Over the
past two fiscal years, TA has averaged an 109.6% operating ratio,
2.6% NOM and 25.3% NOMA, which show mixed results compared to
Fitch's 'BIG' medians of 100.7%, 3.8% and 19.4%, respectively. TA's
core operational metrics have largely trailed Fitch's medians
historically, which is largely attributed to its exposure to Type-A
contracts as lifecare (Type-A) facilities typically operate with
weaker core operations due to the associated healthcare costs.
These weaker operations have made TA somewhat reliant on IL
turnover and net entrance fee receipts, which have been very strong
in recent years.

Fitch expects TA's robust net entrance fee receipts to continue to
supplement weaker operations until project completion and
stabilization, which is expected to significantly boost TA's
operating revenues and core operations. Current third-party
forecasts illustrate TA's operational metrics improving to a 101.5%
operating ratio, 8.1% NOM and 31% NOMA by fiscal 2024.

TA's solid demand, strong entrance fee receipts and reimbursement
for previous capex from the series 2019 bond proceeds have driven
steady improvement in its cash reserves in recent years. At the
six-month interim period, TA had $49.4 million in unrestricted cash
and investments, which translates into 358 days cash on hand, 16.4%
cash to debt and a 3.3x cushion ratio. The three metrics show mixed
results when compared to Fitch's 'BIG' medians of 312 DCOH, 33%
cash to debt and 4.3x cushion ratio.

However, improved cash flow from TA's upcoming IL expansion project
as well as receipt of its initial entrance fees are expected to
significantly improve its unrestricted cash reserves following
project completion. Approximately $45 million in initial entrance
fees are expected to flow through to TA's unrestricted reserves.
Therefore, if TA successfully executes on its upcoming IL expansion
project and improves key operational, liquidity and coverage
metrics near Fitch's expectations, there could be upward rating
movement over the medium term.

ELEVATED LONG-TERM LIABILITY PROFILE

As of March 31, 2020, TA had approximately $294 million in total
outstanding debt, which largely reflects $234 million in long-term
bonds and $51 million in short-term bonds. TA's $51 million in
short term bonds are expected to be paid down by 2023 from initial
entrance fees from its IL expansion project. All of TA's
outstanding bonds are fixed rate and have a final maturity date of
2055. Additionally, TA has approximately $10 million outstanding in
bank loans, capital leases and revolving bank notes. TA has no
exposure to a defined benefit pension plan, future service
liability obligation or any derivative instruments.

Overall, TA's long-term liability profile remains elevated as
evidenced by MADS equating to a high 27.8% of fiscal 2019 revenues,
which remains unfavorable to Fitch's 'BIG' median of 16.7%.
Additionally, debt to net available measured 14.6x at the
three-month interim period, which remains lower than Fitch's 'BIG'
of 10.9x. Fitch expects TA's debt burden to remain elevated
throughout construction of its current capital project. However,
TA's debt burden is expected to moderate significantly following
project completion, which will significantly boost its revenue base
and cash flow levels.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

The highest level of ESG credit relevance, if present, is a score
of 3. This means ESG issues are credit-neutral or have only a
minimal credit impact on the entity(ies), either due to their
nature or to the way in which they are being managed by the
entity(ies).


PROFESSIONAL DIVERSITY: Will Raise $2M Through Direct Offering
--------------------------------------------------------------
Professional Diversity Network, Inc. has entered into definitive
agreements with institutional investors for the purchase and sale
of its common stock at a purchase price of $1.35 per share in a
registered direct offering for gross proceeds of $2 million before
deducting expenses.  The closing of the offering is expected to
occur on or about July 29, 2020, subject to the satisfaction of
customary closing conditions.

This offering is being made pursuant to an effective shelf
registration statement on Form S-3 (File No. 333- 227249)
previously filed with the U.S. Securities and Exchange Commission.
A prospectus supplement describing the terms of the proposed
offering will be filed with the SEC and will be available on the
SEC's website located at http://www.sec.gov.Interested parties
should read in their entirety the prospectus supplement and the
accompanying prospectus and the other documents that the Company
has filed with the SEC that are incorporated by reference in such
prospectus supplement and the accompanying prospectus, which
provide more information about the Company and such offering.

                     About Professional Diversity

Headquartered in Chicago, Illinois, Professional Diversity Network,
Inc. -- https://www.prodivnet.com -- is a global developer and
operator of online and in-person networks that provides access to
networking, training, educational and employment opportunities for
diverse professionals.  Through an online platform and our
relationship recruitment affinity groups, the Company provides its
employer clients a means to identify and acquire diverse talent and
assist them with their efforts to recruit diverse employees.  Its
mission is to utilize the collective strength of its affiliate
companies, members, partners and unique proprietary platform to be
the standard in business diversity recruiting, networking and
professional development for women, minorities, veterans, LGBT and
disabled persons globally.

Professional Diversity recorded a net loss of $3.84 million for the
year ended Dec. 31, 2019, compared to a net loss of $15.08 million
for the year ended Dec. 31, 2018.  As of March 31, 2020, the
Company had $6.78 million in total assets, $4.16 million in total
liabilities, and $2.62 million in total stockholders' equity.

Ciro E. Adams, CPA, LLC, in Wilmington, DE, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated May 1, 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.


PUERTO RICO: PREPA Bondholders File 12th Modified Statement
-----------------------------------------------------------
In the Chapter 11 cases of The Financial Oversight and Management
Board for Puerto Rico, as representative of The Puerto Rico
Electric Power Authority, the law firms of Toro Colón Mullet
P.S.C. and Kramer Levin Naftalis & Frankel LLP submitted a twelfth
supplemental verified statement under Rule 2019 of the Federal
Rules of Bankruptcy Procedure, to disclose an updated list of Ad
Hoc Group of PREPA Bondholders that they are representing.

On or about June 26 and June 27, 2014, certain funds managed or
advised by OppenheimerFunds, Inc. and Franklin Advisers, Inc.
retained Kramer Levin Naftalis & Frankel LLP to challenge as
unconstitutional the recently passed and soon to be enacted Puerto
Rico Debt Enforcement and Recovery Act. Over the course of the next
two months, certain holders of Bonds, including Franklin and
Oppenheimer, contacted and then engaged Kramer Levin to represent a
group of holders in connection with a potential restructuring of
the Bonds. From time to time thereafter, certain additional holders
of the Bonds have joined the Ad Hoc Group.

On August 2, 2017, counsel to the Ad Hoc Group submitted the
Verified Statement of the Ad Hoc Group of PREPA Bondholders
Pursuant to Bankruptcy Rule 2019 [Case No. 17-4780, Dkt. No. 164].
On November 7, 2017, counsel to the Ad Hoc Group submitted the
First Supplemental Verified Statement of the Ad Hoc Group of PREPA
Bondholders Pursuant to Federal Rule of Bankruptcy Procedure 2019
[Case No. 17-4780, Dkt. No. 407]. On December 13, 2017, counsel to
the Ad Hoc Group submitted the Second Supplemental Verified
Statement of the Ad Hoc Group of PREPA Bondholders Pursuant to
Federal Rule of Bankruptcy Procedure 2019 [Case No. 17-4780, Dkt.
No. 490]. On February 6, 2018, counsel to the Ad Hoc Group
submitted the Third Supplemental Verified Statement of the Ad Hoc
Group of PREPA Bondholders Pursuant to Federal Rule of Bankruptcy
Procedure 2019 [Case No. 17-4780, Dkt. No. 633]. On August 15,
2018, counsel to the Ad Hoc Group submitted corrected versions of
the Verified Statement, the Second Supplemental Verified Statement
and the Third Supplemental Verified Statement [Case No. 17-4780,
Dkt. Nos. 939, 941 and 940, respectively]. On September 11, 2018,
counsel to the Ad Hoc Group submitted the Fourth Supplemental
Verified Statement of the Ad Hoc Group of PREPA Bondholders
Pursuant to Federal Rule of Bankruptcy Procedure 2019 [Case No.
17-4780, Dkt. No. 959]. On November 29, 2018, counsel to the Ad Hoc
Group submitted the Fifth Supplemental Verified Statement of the Ad
Hoc Group of PREPA Bondholders Pursuant to Federal Rule of
Bankruptcy Procedure 2019 [Case No. 17-4780, Dkt. No. 1037]. On May
10, 2019, counsel to the Ad Hoc Group submitted the Sixth
Supplemental Verified Statement of the Ad Hoc Group of PREPA
Bondholders Pursuant to Federal Rule of Bankruptcy Procedure 2019
[Case No. 17-4780, Dkt. No. 1237]. On August 23, 2019, counsel to
the Ad Hoc Group Submitted the Seventh Supplemental Verified
Statement of the Ad Hoc Group of PREPA Bondholders Pursuant to
Federal Rule of Bankruptcy Procedure 2019 [Case No. 17-4780, Dkt.
No. 1610]. On November 13, 2019, counsel to the Ad Hoc Group
submitted the Eighth Supplemental Verified Statement of the Ad Hoc
Group of PREPA Bondholders Pursuant to Federal Rule of Bankruptcy
Procedure 2019 [Case No. 17-4780, Dkt. No. 1735]. On November 27,
2019, counsel to the Ad Hoc Group submitted the Ninth Supplemental
Verified Statement of the Ad Hoc Group of PREPA Bondholders
Pursuant to Federal Rule of Bankruptcy Procedure 2019 [Case No.
17-4780, Dkt. No. 1789]. On January 21, 2020, counsel to the Ad Hoc
Group submitted the Tenth Supplemental Verified Statement of the Ad
Hoc Group of PREPA Bondholders Pursuant to Federal Rule of
Bankruptcy Procedure 2019 [Case No. 17-4780, Dkt. No. 1871]. On
March 3, 2020, counsel to the Ad Hoc Group submitted the Eleventh
Supplemental Verified Statement of the Ad Hoc Group of PREPA
Bondholders Pursuant to Federal Rule of Bankruptcy Procedure 2019
[Case No. 17-4780, Dkt. No. 1926].

Counsel to the Ad Hoc Group submits this Twelfth Supplemental
Verified Statement in accordance with the Twelfth Amended Notice,
Case Management and Administrative Procedures, which are attached
to the Case Management Order, to update the disclosable economic
interests currently held by Members of the Ad Hoc Group and to
restate prior supplemental verified statements.

As of Jan. 14, 2019, and June 24, 2020, members of the Ad Hoc Group
and their disclosable economic interests are:

BlackRock Financial Management, Inc
40 East 52nd Street
New York, NY 10022

Franklin Advisers, Inc.
One Franklin Parkway
San Mateo, CA 94403

GoldenTree Asset Management LP
300 Park Avenue, 21st Floor
New York, NY 10021

Invesco Advisers, Inc.
350 Linden Oaks
Rochester, NY 14625

Knighthead Capital Management, LLC
1140 Avenue of the Americas, 12th Floor
New York, NY 10036

Nuveen Asset Management, LLC
333 West Wacker Dr.
Chicago, IL 60606

Nothing contained in this Twelfth Supplemental Statement (or
Exhibit A hereto) is intended to or should be construed to
constitute (a) a waiver or release of any claims filed or to be
filed against or interests in PREPA held by any Member, its
affiliates or any other entity, or (b) an admission with respect to
any fact or legal theory. Nothing herein should be construed as a
limitation upon, or waiver of, any rights of any Member to assert,
file and/or amend any proof of claim in accordance with applicable
law and any orders entered in these cases.

Counsel for the Ad Hoc Group of PREPA Bondholders can be reached
at:

          TORO COLÓN MULLET P.S.C.
          Manuel Fernández-Bared, Esq.
          Linette Figueroa-Torres, Esq.
          Nayda Perez-Roman, Esq.
          P.O. Box 195383
          San Juan, PR 00919-5383
          Tel: (787) 751-8999
          Fax: (787) 763-7760
          Email: mfb@tcm.law
                 lft@tcm.law
                 nperez@tcm.law

             - and -

          KRAMER LEVIN NAFTALIS & FRANKEL LLP
          Amy Caton, Esq.
          Thomas Moers Mayer, Esq.
          Alice J. Byowitz, Esq.
          1177 Avenue of the Americas
          New York, NY 10036
          Tel: (212) 715-9100
          Fax: (212) 715-8000
          Email: acaton@kramerlevin.com
                 tmayer@kramerlevin.com
                 abyowitz@kramerlevin.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/mBTOG8 and https://is.gd/Mr1gJ3

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ('PROMESA').

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that
may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at
https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.


PURDUE PHARMA LP: Asks Court to Block Sackler Claims by Chapter 11
------------------------------------------------------------------
Law360 reports that Purdue Pharma LP is asking a New York federal
judge not to overturn an order keeping creditors from going after
its former president, saying the judge overseeing its Chapter 11
case was right to rule that the claims would disrupt its
reorganization.

In a 51-page brief filed June 23, 2020, the pharmaceutical company
took aim at an appeal by Bryant Dunaway and five others who have a
case against Richard Sackler alleging that he directed the company
to push the sale of opioids while downplaying the risks of
addiction, contributing to the nationwide opioid epidemic.

                     About Purdue Pharma LP

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.


PURDUE PHARMA: Caplin Updates on Governmental Entities Group
------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Caplin & Drysdale, Chartered submitted an amended
verified statement to disclose an updated list of  Multi-State
Governmental Entities Group in the Chapter 11 cases of Purdue
Pharma L.P., et al.

On October 30, 2019, the MSGE Group filed with the Court its
Verified Statement Pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure [ECF No. 409].

Since filing its initial Verified Statement, the MSGE Group has
grown and now counts approximately 1,292 entities among its
members: 1,233 cities, counties and other governmental entities, 9
tribal nations, 13 hospital districts, 3 independent public school
districts, 32 medical groups, and 2 union funds across 37 states
and territories. A list of the MSGE Group's members as of the
current date is attached hereto as Exhibit A. Caplin & Drysdale,
Chartered serves as bankruptcy counsel to the MSGE Group.

As of July 27, 2020, members of the Governmental Entities and their
disclosable economic interests are:

                                        Economic Interest
                                        -----------------

City of Tarrant                         Unliquidated Claim
Alabama

Schumacher Medical                      Unliquidated Claim
Corporation of Alabama, Inc.
Alabama

Apache County                           Unliquidated Claim
Arizona

City of Bullhead City                   Unliquidated Claim
Arizona

City of Glendale                        Unliquidated Claim
Arizona

City of Prescott                        Unliquidated Claim
Arizona

City of Surprise                        Unliquidated Claim
Arizona

La Paz County                           Unliquidated Claim
Arizona

Pinal County                            Unliquidated Claim
Arizona

Adona                                   Unliquidated Claim
Arkansas

Alicia                                  Unliquidated Claim
Arkansas

Almyra                                  Unliquidated Claim
Arkansas

Alpena                                  Unliquidated Claim
Arkansas

Altheimer                               Unliquidated Claim
Arkansas

Amagon                                  Unliquidated Claim
Arkansas

Anthonyville                            Unliquidated Claim
Arkansas

Arkadelphia                             Unliquidated Claim
Arkansas

Arkansas City                           Unliquidated Claim
Arkansas

Arkansas County                         Unliquidated Claim
Arkansas

Ash Flat                                Unliquidated Claim
Arkansas

The information set forth in Exhibit A, which is based on
information provided by the applicable members of the MSGE Group
through their counsel to Caplin & Drysdale, is intended only to
comply with Rule 2019 of the Federal Rules of Bankruptcy Procedure
and is not intended for any other purpose. The MSGE Group makes no
representation herein as to the amount, validity, or priority of
any particular member's claims and reserves all respective rights
thereto. This Amended Verified Statement and the attached Exhibit A
should not be read as to waive or limit any of the rights of the
MSGE Group or its members to assert, file, or amend any claims in
accordance with applicable procedures established by this Court.

The MSGE Group reserves the right to further amend or supplement
this Amended Verified Statement as necessary in accordance with
Rule 2019 of the Federal Rules of Bankruptcy Procedure.

Counsel for the Multi-State Governmental Entities Group can be
reached at:

          Caplin & Drysdale, Chartered
          Kevin C. Maclay, Esq.
          James P. Wehner, Esq.
          Jeffrey A. Liesemer, Esq.
          Todd E. Phillips, Esq.
          One Thomas Circle, NW, Suite 1100
          Washington, DC 20005
          Tel: (202) 862-5000
          Fax: (202) 429-3301
          E-mail: kmaclay@capdale.com
                  jwehner@capdale.com
                  jliesemer@capdale.com
                  tphillips@capdale.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/Wd1dud

                     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 facing the Company.

The Company's consolidated balance sheet at Aug. 31, 2019, showed
$1.972 billion in assets and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain, in White Plains, New York, has
been assigned to oversee Purdue's Chapter 11 case.

Davis Polk & Wardwell LLP and Dechert LLP are serving as legal
counsel to Purdue.  PJT Partners is serving as investment banker,
and AlixPartners is serving as financial advisor.  Prime Clerk LLC
is the claims agent.


PURDUE PHARMA: McGrail & Bensinger 2nd Update on Hospitals Group
----------------------------------------------------------------
In the Chapter 11 cases of Purdue Pharma L.P., et al., the law firm
of Mcgrail & Bensinger LLP submitted a second 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].

On July 10, 2020, the Ad Hoc Group of Hospitals filed its amended
verified statement pursuant to Fed. R. Bankr. P. 2019 [Docket No.
1368]. Since the filing of the First Amended 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 second amended statement to add
these additional hospitals.

As of July 29, 2020, members of the Ad Hoc Group of Hospitals and
their disclosable economic interests are:

Acquisition Bell Hospital, LLC
UP Health System – Bell
901 Lakeshore Drive
Ishpeming, MI 49849

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Affinity Hospital, LLC
Grandview Medical Center
3690 Grandview Pky
Birmingham, AL 35243

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Claremore Regional Hospital, LLC
Hillcrest Hospital Claremore
1202 N. Muskogee Place
Claremore, OK 74017

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Cushing Hospital, LLC
Hillcrest Hospital Cushing
1027 E. Cherry St.
Cushing, OK 74023

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Henryetta Hospital, LLC
Hillcrest Hospital Henryetta
2401 West Main Street
Henryetta, OK 74437

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Hillcrest Medical Center, LLC
Hillcrest Medical Center
1120 South Utica Avenue
Tulsa, OK 74104

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Pryor Hospital, LLC
Hillcrest Hospital Pryor
111 N. Bailey
Pryor, OK 74361

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

AHS Southcrest Hospital, LLC
Hillcrest Hospital South
8801 S. 101st E. Ave.
Tulsa, OK 74133

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Aiken Regional Medical Centers, LLC
Aiken Regional Medical Centers
302 University Parkway
Aiken, SC 29801

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Allegiance Hospital of Many, LLC
Sabine Medical Center
240 Highland Drive
Many , LA 71449

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Allegiance Hospital of North Little Rock, LLC
Allegiance Health Management
North Metro Medical Center
1400 Braden St.
Jacksonville, AR 72076

* Unsecured, unliquidated claim(s) for, among other things,
  compensatory and punitive damages

Alliance Healthcare System
Alliance Health Care
1430 Hwy 4 East
Holly Springs, MS 38634

* 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/OFgTj4

                    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.


PURDUE PHARMA: Scottsdale Seeks Share of Bankruptcy Settlement
--------------------------------------------------------------
Terrance Thornton, writing for Scottsdale Independent, reports that
that the City of Scottsdale in Arizona seeks a share of settlement
proceeds that may be awarded in the pending lawsuit against Purdue
Pharma L.P. and subsequent court proceedings in United States
Bankruptcy Court for the private company’s role in the nationwide
opioid crisis.

Scottsdale City Council in June approved resolution No. 11839
allowing the City Attorney's Office to assert creditors' rights in
the case pending in United States Bankruptcy Court in the Northern
District of Ohio.  The vote was unanimous at Scottsdale City Hall,
3939 N. Drinkwater Blvd., Tuesday, June 16, 2020, which just beat
the Bankruptcy Court deadline of June 20, 2020.

"Purdue Pharma is a manufacturer of pharmaceuticals, including
certain drugs believed to have contributed to the nationwide opioid
crisis," said Scottsdale City Attorney Sherry Scott in her June
report to City Council.

"Numerous public and private entities and individuals have asserted
claims against Purdue Pharma for its role in the crisis in various
courts throughout the country. One of those lawsuits consists of
multidistrict litigation now pending in the Northern District of
Ohio, on behalf of the majority of the counties, cities, and towns
in the United States," said Sharron Scott

Purdue Pharma is a privately held pharmaceutical company founded by
John Purdue Gray. It is owned principally by descendants of
Mortimer and Raymond Sackler and produces, among other things,
opiate-based drugs for human consumption.

Ms. Scott contends Scottsdale may be entitled to share in funds
assigned to creditors a part of the pending federal Bankruptcy
Court proceedings.

"The City of Scottsdale is a member of the plaintiff class in this
litigation, which allows the city to receive a portion of any
settlement proceeds that are paid to the plaintiff class in
settlement of opioid-related claims by the defendants," she said.
"The City of Scottsdale is represented in this action by class
counsel."

With Scottsdale attaining creditor status against Purdue Pharma in
Bankruptcy Court, Ms. Scott says settlement dollars will reach the
municipality.

"Purdue Pharma has reached an agreement 'n principle' to settle the
claims against it in the multidistrict litigation. To effectuate
that settlement, Purdue Pharma has filed for Chapter 11 bankruptcy.
Class counsel for the multi-district litigation are not
representing the class for purposes of the bankruptcy proceeding,"
she points out of the need for municipal creditor rights to be
established.

"Any party with a potential claim against Purdue Pharma ---
including members of the multi-district class --- must assert
creditors rights in the bankruptcy proceeding on or before June 20,
2020 in order to protect their rights to receive any funds from the
settlement."

According to published news reports, the Bankruptcy Court
settlement carries a valuation of more than $10 billion.

"Asserting creditor rights in the Purdue Pharma bankruptcy will
protect the city's ability to receive settlement funds in the
multi-district litigation. The filing of the proof of claim can be
accomplished without the need to retain outside counsel," Ms. Scott
pointed out.

However, the timeline for settlement and Bankruptcy Court ruling is
yet to be determined, Ms. Scott said in her report.

"The total amount of recovery that the city will be able to collect
is unknown at this point, as it will be established in further
litigation and negotiation," she said. "Any impact on future
budgets will be positive."

                       About Purdue Pharma LP

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.


PURDUE PHARMA: Seeks to Hire Skadden Arps as Special Counsel
------------------------------------------------------------
Purdue Pharma L.P., and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Southern District of New York to
employ Skadden, Arps, Slate, Meagher & Flom LLP as their special
counsel.

In connection with the Initial Retention Application, the Debtors
retained Skadden to represent them by providing regulatory and
compliance advice, certain civil and criminal investigations
initiated by state attorneys general and state agencies and the
Department of Justice  and certain other United States agencies,
and certain civil litigation, including approximately 51 cases
filed in Texas state courts, most of which have been consolidated
into a Texas state multi-district litigation, and to provide the
services described in the Initial Retention Application related
thereto.

The Debtors seek to expand the scope of Skadden's employment and
retention to allow Skadden to advise the Debtors in connection with
a potential transaction, as well as certain corporate and
regulatory matters that arise in connection with the Advice
Matters, Governmental Investigation Matters, Litigation Matters,
and Transaction Matters.

Skadden does not hold or represent any interest adverse to the
Debtors or the estates with respect to the matters on which it is
to be employed, according to court filings.

Skadden's billing rates that are effective beginning Jan 1, 2020
for the Skadden professionals range from $1,125 to $1,695 for
partners, $475 to $1,270 for associates and special counsel, and
$240 to $430 for paralegals.

On April 11, 2019, an initial retainer was paid to Skadden in the
amount of $1,500,000, and on June 27, 2019, an additional retainer
was paid to Skadden in the amount of $1,000,000.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

   Question:  Did you agree to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement?

   Response:  Yes, Skaden has agreed to provide volume discounts as
described in Second Supplemental Fitzgerald Declaration at Docket
No. 936.

   Question:  Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response:  No. All U.S. timekeepers bill based on a standard
rate schedule in U.S. dollars.

   Question:  If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

   Response:  Skadden's billing rates increased effective Jan 1,
2020 to reflect regular, annual rate increases. However, consistent
with its arrangement with the Debtors prior to Jan 1, 2020,
including the 12-month period prior to the Petition Date, Skadden
agreed to continue to provide a volume discount.

   Question:  Has your client approved your prospective budget and
staffing plan, and, if so for what budget period?

   Response:  Skadden and the Debtors have discussed Skadden's
estimated fees and expenses and staffing related to the
Supplemental Services through September 2020.

     Patrick Fitzgerald. Esq.
     Skadden, Arps, Slate, Meagher & Flom LLP
     155 N. Wacker Drive
     Chicago, IL 60606
     Tel: 1-312-407-0700
     Fax: 1-312-407-0411

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

Skadden Arps can be reached at:

     Patrick Fitzerald, Esq.
     SKADDEN ARPS SLATE MEAGHER & FLOM LLP
     155 North Wacker Drive
     Chicago, IL 60606-1720
     Tel: (312) 407-0700
     Fax: (312) 407-0411

                About Purdue Pharma L.P.

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers. More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation facing the Company.

The Company's consolidated balance sheet at Aug. 31, 2019, showed
$1.972 billion in assets and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain, in White Plains, New York, has
been assigned to oversee Purdue's Chapter 11 case.

Davis Polk & Wardwell LLP and Dechert LLP are serving as legal
counsel to Purdue.  PJT Partners is serving as investment banker,
and AlixPartners is serving as financial advisor. Prime Clerk LLC
is the claims agent.

Counsel to the Official Committee of Unsecured Creditors are Akin
Gump Strauss Hauer & Feld LLP and Bayard, P.A.


PYXUS INTERNATIONAL: Jamie Fell Represents Shareholders Group
-------------------------------------------------------------
In the Chapter 11 cases of Pyxus International, Inc., Attorney Ms.
Jamie Fell submitted a verified statement under Rule 2019 of the
Federal Rules of Bankruptcy Procedure, to disclose that she is
representing the Shareholders Group.

In their original petition, they stated that shareholder names,
email addresses, and number of shares held as of June 24, 2020,
would be made available to the court upon request.

When debtor counsel, Ms. Jamie Fell, contacted them to schedule the
July 2, 2020 hearing, she also requested that they provide the
debtor with the names, addresses, and financial interest of the
group of shareholders. They again asked our group to submit their
information with the additional details. It was only at the hearing
on July 2, 2020 that they were officially informed about Rule 2019
from the debtor counsel and Honorable Judge Silverstein. Again,
they asked their group members to fill and sign a templated
Shareholder Verification Statement and to send them a copy, while
the original stayed with them. A templated Shareholder Verification
Statement attached at the end of this document.

A summary of the shareholder information obtained as July 8, 2020
follows.  They are seeming to file the signed copies of individual
verification forms, containing shareholder personal information,
UNDER SEAL. A "Motion to file UNDER SEAL" was filed at the court's
physical address via drop-box submission on July 9, 2020. The
"UNDER SEAL" documents include 86 signed copies of the verification
form, along with a google sheets information list. All shareholder
verification forms were received through email. There were several
group members who missed our internal cut-off time for providing
the form, but had previously provided some of the information
required, they have also been new members who have joined the group
since July 8, 2020. Many are still only finding out about the
bankruptcy petition.  They will include these members and their
information if the court permits it in.

All share counts and financial interest information provided is as
of June 15, 2020, when the company filed for Chapter 11. A Group of
Shareholders only includes members who were holding shares as of
June 15, 2020 and operates on a "join at will, leave at will"
basis. They have encouraged all group members to contribute to the
group efforts based on their willingness, availability and/or
ability. Several core-working members have committed additional
time and effort to help out. They have never asked any group member
to contribute funds for any reason and have turned down offer(s)
from whom that wanted to show appreciation with a donation.
Petitioner Hongchao Sun volunteered to pay the necessary cost to
cover the basic legal filings with a $5000 Cap and with Credit Card
method, in extreme case an Equity Committee and funding does not
get provided.

They indicated to all group members that they had to comply with
Rule 2019 and that any claim of financial interest might be limited
to only those shareholders who provided a signed copy of the
shareholder verification statement by the cutoff time.  However,
they do seek to have more qualified shareholders included in our
group efforts and in any financial claim that the court would say
is exclusive to our group.

     2.1 Individual shareholders who provided a signed copy of a
         "Shareholder Verification Statement": 86 shareholders,
         618,591 shares, an investment/cost of $6,262,385.19

     2.2 Individual shareholders who provided detailed
         information but have not yet provided a signature: 23
         shareholders, 100,891 shares, investment/cost of
         $973,986.67

     2.3 Individual shareholder who originally provided numbers of
         shares held as of June 15, 2020, prior to the filing of
         the shareholders' petition, but have not provided further
         details or a verification statement: 36 shareholders,
         92,279 shares, unknown investment/cost

A Group of Shareholders remains without legal representation. Any
and all information provided to the Court, the US Trustee and
related parties continues to be based on our best understanding of
this Chapter 11 process. We request that the Court, the US Trustee
and all related parties, pardon any error's that have or may occur
from our end. We ask that absent the appointment of an Equity
Committee and legal counsel, that they also continue to help guide
us through the procedural process, document exchange process,
information consolidation process, information verification
process, and all related processes on both the individual
shareholder and group level. As the Petitioner, Hongchao Sun will
promptly coordinate and navigate with group members if something is
required or requested by the Court, the US Trustee, or the related
parties.

As of July 11, 2020, our group's structure:

     3.1: 150+ members including 86 members who provided signed
          copies of the Shareholder Verification Statement; 23
          members who provided detailed information but did not
          provide signed copies of the Shareholder Verification
          Statement by July 8, 2020; 36 members who provided their
          name and number of shares held as of June 15, 2020; and
          several members who missed the group's internal cut-off
          time or joined the group after July 8, 2020.

     3.2: Working member's: Hongchao Sun Petitioner; Group email
          administrator, social media outreach; core-working
          member on Finance/Account/Legal; Brett Howard;
          Elvis Vislrovic; Warren Kivi; Alyssha Eve Csuk; Prabh
          Shankar G; there are also other members who
          contributed/contributing to our group efforts including
          but not limit to: Frisco Baccam, Serkan Atik, Tetrin
          Hill, Amit Unadlcat, Sally Bonin, Anna Johnson, Ellen
          Miller, Matthew Byrnell, Jorg Maier, and Stephanie
          Maddux, etc.

     3.3: Proposed candidates for Equity Committee: Hongchao Sun,
          Elvis Viskovic, Warren Kivi, Alyssha Eve Csuk, Prabh
          Shankar G, Frisco Baccam.

Nothing contained in this statement should be construed as a
limitation upon, or waiver of, any rights of any member of A Group
of Shareholders, to assert, file and/or amend any claim or proof of
claim in order to comply with an applicable law or Order entered in
these proceedings. The information contained herein is provided
only for the purpose of complying with Rule 2019 and is not
intended for any other purpose.

As of now, the petitioner, Hongchao Sun, is not aware of any claims
against or interests in the Debtors, or any of them, held by A
Group of Shareholders as a group, any individual member of A Group
of Shareholders as an individual shareholder; or some of members of
A Group of Shareholders as a different group.

The petitioner reserves the right to amend this Statement as may be
necessary in accordance with the requirements set forth in Rule
2019.

The Firm can be reached at:

          Ms. Jamie Fell, Esq.
          Mr. William Russell, Esq.

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

                    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.


QUORUM HEALTH: Investors Say Bad Faith Warrants Ch. 11 Plan Denial
------------------------------------------------------------------
Law360 reports that a leading equity holder to rural hospital chain
Quorum Health Care Services LLC urged a Delaware bankruptcy judge
to reject the company's Chapter 11 plan, claiming that a lack of
good faith and low-balled company valuations propped up a scheme to
wipe out stockholders.  Mudrick Capital Management LP, which holds
15% of Quorum's shares, told U.S. Bankruptcy Judge Karen B. Owens
that the plan was both unfairly presented and no longer relevant,
based on receipts in recent weeks of tens of millions in aid for
COVID-19 care losses under the federal government's Coronavirus
Aid, Relief and Economic Security.

                 About Quorom Health Care Services

Headquartered in Brentwood, Tennessee, Quorum Health (NYSE: QHC) --
http://www.quorumhealth.com/-- is an operator of general acute
care hospitals and outpatient services in the United States.
Through its subsidiaries, the Company owns, leases or operates a
diversified portfolio of 24 affiliated hospitals in rural and
mid-sized markets located across 14 states with an aggregate of
1,995 licensed beds. The Company also operates Quorum Health
Resources, LLC, a leading hospital management advisory and
consulting services business.

Quorum Health incurred net losses attributable to the company of
$200.25 million in 2018, $114.2 million in 2017, and $347.7 million
in 2016.

As of Sept. 30, 2019, Quorum Health had $1.52 billion in total
assets, $1.72 billion in total liabilities, $2.27 million in
redeemable non-controlling interest, and a total deficit of $203.36
million.

On April 7, 2020, Quorum Health Corporation and 134 affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
20-10766) to seek confirmation of a pre-packaged plan.

Debtors hired McDermott Will & Emery LLP and Wachtell, Lipton,
Rosen & Katz as legal counsel, MTS Health Partners, L.P. as
financial advisor, and Alvarez & Marsal North America, LLC. as
restructuring advisor. Epiq Corporate Restructuring, LLC, is the
claims agent, maintaining the Web site https://dm.epiq11.com/Quorum


RE PALM SPRINGS: Hires Cavazos Hendricks as Counsel
---------------------------------------------------
RE Palm Springs II, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Texas to employ Cavazos Hendricks Poirot,
P. C., as counsel to the Debtor.

RE Palm Springs requires Cavazos Hendricks to:

   a. advise and consult with the Debtor regarding the filing of
      the Petition, Schedules, Statement of Financial Affairs,
      and all other pleadings to be filed in the Debtor's case;

   b. advise and consult with the Debtor concerning questions
      arising in the conduct of the administration of the estate
      and concerning the Debtor's rights and remedies with regard
      to the estate's assets and the claims of secured, preferred
      and unsecured creditors and other parties in interest;

   c. appear for, prosecute, defend and represent the Debtor's
      interest in suits arising in or related to this case;

   d. assist in the preparation of such pleadings, motions,
      notices and orders as are required for the orderly
      administration of this estate; and

   e. investigate what means may be necessary to preserve certain
      property rights owned by the estate and to determine and
      take all necessary and reasonable actions for the
      preservation and/or liquidation of such assets where
      necessary.

Cavazos Hendricks will be paid at these hourly rates:

     Attorneys                $230 to $500
     Paraprofessionals        $100 to $135

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

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

Cavazos Hendricks can be reached at:

     Charles B. Hendricks, Esq.
     CAVAZOS HENDRICKS POIROT, P.C.
     Suite 570, Founders Square
     Dallas, TX 75202
     Tel: (214) 573-7302
     Fax: (214) 573-7399
     E-mail: chuckh@chfirm.com

                   About RE Palm Springs II

RE Palm Springs II is the owner of fee simple title to an under
construction four-story, 150-room full-service hotel in Palm
Springs, CA.

RE Palm Springs II, LLC, based in Denver, CO, filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 20-31972) on July 22, 2020.

In the petition signed by CRO Thomas M. Kim, the Debtor was
estimated to have at least in assets and $57.31 million in
liabilities.

CAVAZOS HENDRICKS POIROT, PC, serves as bankruptcy counsel to the
Debtor.


RE PALM SPRINGS: Hires Hodges Ward as Real Estate Broker
--------------------------------------------------------
RE Palm Springs II, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Texas to employ Hodges Ward Elliott, LLC,
as real estate broker to the Debtor.

RE Palm Springs requires Hodges Ward to market and sell the
Debtor's real property known as a four-story, 150-room full-service
hotel located on a 3.93-acre site on North Palm Canyon Drive in
downtown Palm Springs, California.

Hodges Ward will be paid a commission of 1% of the contract
purchase price, subject to reduction in two scenarios: (a) a flat
fee of $50,000 if the initial stalking horse bid is ultimately
accepted and closed or (b) 0.5% of the contract purchase price if
the stalking horse bidder submits a subsequent higher bid that is
ultimately accepted and closed.

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

James L. Patrick, member of Hodges Ward Elliott, LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Hodges Ward can be reached at:

     James L. Patrick
     Hodges Ward Elliott, LLC
     3344 Peachtree Road, N.E.
     Atlanta, GA 30326
     Tel: (404) 233-6000
     Fax: (404) 233-6636

                   About RE Palm Springs II

RE Palm Springs II is the owner of fee simple title to an under
construction four-story, 150-room full-service hotel in Palm
Springs, CA.

RE Palm Springs II, LLC, based in Denver, CO, filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 20-31972) on July 22, 2020.  

In its petition, the Debtor was estimated to have $10 million to
$50 million in assets and $57,309,877 in liabilities.  The petition
was signed by Thomas M. Kim, chief restructuring officer.

CAVAZOS HENDRICKS POIROT, PC, serves as bankruptcy counsel to the
Debtor.


REGIONAL HEALTH: Interim CFO Quits from All Positions
-----------------------------------------------------
Clinton Cain, the interim chief financial officer, senior vice
president and chief accounting officer (and the principal financial
officer and principal accounting officer) of Regional Health
Properties, Inc., informed the Company of his decision to resign
from all positions held at the Company, effective as of Aug. 15,
2020, in order to pursue other opportunities.  Mr. Cain will
continue to serve as the Company's principal financial officer and
principal accounting officer through the effective date of his
resignation.

                      About Regional Health

Regional Health Properties, Inc. (NYSE American: RHE) (NYSE
American: RHEpA) -- http://www.regionalhealthproperties.com/-- is
a self-managed healthcare real estate investment company that
invests primarily in real estate purposed for senior living and
long-term healthcare through facility lease and sub-lease
transactions.

Regional Health reported a net loss attributable to the company's
common stockholders of $3.50 million for the year ended Dec. 31,
2019 compared to a net loss attributable to the company's common
stockholders of $19.88 million for the year ended Dec. 31, 2018.
As of March 31, 2020, the Company had $112.4 million in total
assets, $100.6 million in total liabilities, and $11.74 million in
total stockholders' equity.


RGN-COLUMBUS IV: Case Summary & 2 Unsecured Creditors
-----------------------------------------------------
Debtor: RGN-Columbus IV, LLC
        3000 Kellway Drive
        Suite 140
        Carrollton, TX 75006

Business Description: RGN-Columbus IV, LLC is primarily engaged in

                      renting and leasing real estate properties.

Chapter 11 Petition Date: July 30, 2020

Court: United States Bankruptcy Court
       District of Delaware

Case No.: 20-11894

Judge: Brendan Linehan Shannon

Debtor's Counsel: Patrick A. Jackson, Esq.
                  FAEGRE DRINKER BIDDLE & REATH LLP
                  222 Delaware Avenue, Suite 1410
                  Wilmington, Delaware 19801
                  Tel: (302) 467-4200
                  Email: Patrick.Jackson@faegredrinker.com

Debtor's
Restructuring
Advisor:          DUFF & PHELPS, LLC

Total Assets as of June 30, 2020: $482,969

Total Liabilities as of June 30, 2020: $2,118,621

The petition was signed by James S. Feltman, responsible officer.

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

                        https://is.gd/qePsaB


RHINO BARE: Case Summary & 7 Unsecured Creditors
------------------------------------------------
Debtor: Rhino Bare Projects LLC
        1947 S Myrtle Ave
        Monrovia, CA 91016

Chapter 11 Petition Date: July 30, 2020

Court: United States Bankruptcy Court
       Central District of California

Case No.: 20-16889

Judge: Hon. Sheri Bluebond

Debtor's Counsel: Leslie Cohen, Esq.
                  LESLIE COHEN LAW PC
                  506 Santa Monica Blvd. Suite 200
                  Santa Monica, CA 90401
                  Tel: 310-394-5900
                  Email: leslie@lesliecohenlaw.com  

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Victor Galam, managing member.

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

                         https://is.gd/t3iq4j

List of Debtor's Seven Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Galam Family Irrevocable Trust  Operating Loan       $1,860,000
1947 S Myrtle Ave.
Monrovia, CA, 91016
Mike Galam
Tel: 310-910-3825
Email: mike@nga911.com

2. Quality Property Trust          Operating Loan       $1,500,000
1947 S Myrtle Ave.
Monrovia, CA, 91016
Mike Galam
Tel: 310-910-3825
Email: mike@nga911.com

3. Jeff Malinovitz                 Operating Loan         $500,000
11557 Ventura Blvd.
Studio City, CA, 91604
Tel: (818) 939-4530
Email: jeffmalin77@gmail.com

4. Russ August & Kabat              Professional          $125,000
Attn: Nathan Meyer                    Services
12424 Wilshire Blvd, 12th Floor
Los Angeles, CA, 90025
Nathan Meyer
Tel: (310) 826-7474
Email: nmeyer@raklaw.com

5. Donald Dean                     Operating Loan         $110,000
8593 Laurel Dr,
Pinellas Park, FL, 33782
Tel: (310) 777-7766
Email: don@donalddean.com

6. Craig Franze                    Operating Loan         $100,000
541 Sweetbrair Street
Pittsburgh, PA, 15211
Tel: (702) 817-8393
Email: craig@zexzoo.com

7. Bruce Cardenas                  Operating Loan          $70,000
6655 West 83rd Street
Los Angeles, CA, 90045
Tel: (310) 993-5538
Email: bruce.cardenas@gsgprotective.com


RIDGELINE TECHNOLOGY: Seeks to Hire Voisenat Law Office as Counsel
------------------------------------------------------------------
Ridgeline Technology seeks authority from the US Bankruptcy Court
for the Northern District of California to hire the Law Office of
Marc Voisenat as its counsel.

The legal services to be provided by Mr. Voisenat are:

     a. file schedules, chapter 11 plan, disclosure statement and
amended schedules and plan, if necessary;

     b. appear at Meeting of creditors and Initial Debtor
Interview;

     c. make court appearances;

     d. make any necessary objects on disputed debts; and

     e. file Adversary Proceeding, Conversion to Chapter 7, and
Motion to dismiss, if necessary.

Mr. Voisenat will be employed on an hourly basis plus costs and
expenses.  The proposed hourly rate is $400.00 per hour.

Mr. Voisenat attests that he does not hold or represent an interest
adverse to this estate and does not have any connections with the
debtor, creditors, or any other party in interest in this case,
their respective attorneys or accountants, the United States
Trustee or any person employed in the office of the United States
Trustee.

Mr. Voisenat can be reached through:

     Marc Voisenat
     Law Offices of Marc Voisenat
     2329A Eagle Ave.
     Alameda, CA 94501
     Phone: (510) 263-8664
     Email: voisenatecf@gmail.com

                           About Ridgeline Technology

Ridgeline Technology filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Cal. Case No. 20-51049) on July
14, 2020, listing under $1 million in both assets and liabilities.
Marc Voisenat, Esq. at VOISENAT LAW OFFICES represents the Debtor
as counsel.


ROCHESTER DRUG: Mead Square's Bid to Lift Automatic Stay Tossed
---------------------------------------------------------------
In the bankruptcy case captioned In re: Rochester Drug Cooperative,
Inc., Chapter 11, Debtor, Case No. 20-20230-PRW (Bankr. W.D. N.Y.),
Bankruptcy Judge Paul R. Warren denied the motion of Mead Square
Pharmacy, Inc. seeking relief from the automatic stay.

Shortly before filing its Chapter 11 petition, the Debtor commenced
an action against Mead Square in the Monroe County Supreme Court to
collect sizeable trade debts allegedly owed to the Debtor. After
the state court complaint was served, but before Mead Square filed
its answer, the Chapter 11 case was filed.  Mead Square attempted
(post-petition) to serve its answer, including counterclaims, to
the Debtor's state court complaint, but that answer was rejected by
the Debtor as being in violation of the automatic stay, because it
included counterclaims. As a result, Mead Square filed its answer,
without counterclaims.

Mead Square moves to lift the automatic stay so that it can seek
leave in the state court to amend its answer to assert
counterclaims against the Debtor. Mead Square asserts in its motion
that it merely seeks "to offset a mutual debt" between the parties.
The Bankruptcy Court notes that a more forthcoming description of
the proposed counterclaims is provided in Mead Square's supporting
memorandum of law:  "Debtor's criminal conduct, which was concealed
from its shareholders/members thereby preventing them from securing
adequate supply chain replacements, has placed Movants and other
similarly situated independent pharmacies in peril of financial
disaster. . . . Movants seek to plead counterclaims against Debtor
alleging breach of implied contract, breach of the implied covenant
of good faith and fair dealing, promissory estoppel, unjust
enrichment and fraudulent inducement."

The Debtor opposes the motion, arguing that Mead Square has not
carried its burden of proving mutuality of claims -- a necessary
element to any setoff -- and, therefore, has failed to show cause
necessary to lift the stay under section 362(d)(1). Alternatively,
the Debtor argues that the factors established by the U.S. Court of
Appeals for the Second Circuit in In re Sonnax Industries, Inc.,
907 F.2d 1280 (2d Cir. 1990) weigh in favor of not lifting the
stay.

The Creditors' Committee also opposes the motion, arguing that the
proposed counterclaims are claims for intentional torts unrelated
to the state court complaint, and that those tort claims --
alleging breach of fiduciary duty -- are derivative claims that
belong to the Debtor's Estate, not the Mead Square movants. The
Committee asserts that Mead Square has failed to meet its burden of
showing cause necessary to obtain stay relief under section
362(d)(1). Additionally, the Committee also argues that application
of the Second Circuit's Sonnax factors weighs heavily in favor of
denial of the Mead Square motion.

The Sonnax factors are: (1) whether relief would result in a
partial or complete resolution of the issues;(2) lack of any
connection with or interference with the bankruptcy case;(3)
whether the other proceeding involves the debtor as a fiduciary;(4)
whether a specialized tribunal with the necessary expertise has
been established to hear the cause of action (5) whether the
debtor's insurer has assumed full responsibility for defending it;
(6) whether the action primarily involves third parties; (7)
whether the litigation in another forum would prejudice the
interests of other creditors; (8) whether the judgment claims
arising from the other action is subject to equitable
subordination; (9) whether movant's success in the other proceeding
would result in a judicial lien avoidable by the debtor; (10) the
interests of judicial economy and the expeditious and economical
resolution of litigation; (11) whether the parties are ready for
trial in the other proceeding; and (12) impact of the stay on the
parties and the balance of harms.

According to the Bankruptcy Court, as an initial matter, it is
unnecessary for a Court to consider the Sonnax factors unless and
until Mead Square has carried its initial burden of proof of
demonstrating cause to lift the stay. It is well-settled that "[i]f
the movant fails to make an initial showing of cause . . . the
court should deny relief without requiring any showing from the
debtor that it is entitled to continued protection." Here, Mead
Square acknowledges that, in order to demonstrate that cause exists
to lift the stay, it must prove that it has mutual claims to setoff
in the state court action. But, beyond simply parroting the legal
standard necessary to asset a setoff claim, Mead Square makes no
effort to prove that mutuality of claims exists—a necessary
element to a setoff claim.

It is not enough to simply state that the Debtor owes Mead Square a
debt that arose prepetition. And, that's all that Mead Square
offers, the Bankruptcy Court says.

"[T]he debt and claim must be mutual." According to Judge Warren,
for mutuality to exist, the claims or debts must be owed "between
the same parties in the same right or capacity."

"[The] allowance of a setoff is a decision that lies within the
sound discretion of the bankruptcy court." And, setoff must be
scrutinized in light of the goals and objectives of the Bankruptcy
Code. "In general, the Bankruptcy Code is oriented toward the
prevention of preferential treatment of creditors." To ensure
equality of treatment of the holders of unsecured claims, the
requirement of mutuality has been narrowly interpreted by the
courts, to "ensure[] that setoff is allowed only in situations in
which the equitable considerations are strongest: namely where the
claims or debts are owed between the same parties in the same right
or capacity."

The Bankruptcy Court holds that the necessary element of mutuality
of claims is not present. First, the movants consist of two
separate corporations and three individuals. The alleged claims of
the individual movants are separate and distinct from the claims of
the corporate movants. And, the claims of the five movants, inter
se, are also separate and distinct from each other. The five
movants each stand in different rights and capacities vis-a-vis the
Debtor.

Further, as the Committee observes, the counterclaims that Mead
Square proposes to bring against the Debtor in state court are
derivative claims that belong to the Estate. In describing those
counterclaims, Mead Square acknowledges as much: "Debtor owed and
owes a fiduciary duty to its shareholder members, which it violated
by maintaining . . . that it was in compliance with state and
federal laws, rules and regulations, while it, and its CEO and COO
were being investigated for, and ultimately charged with a number
of crimes." Any claims for breach of fiduciary duty or
mismanagement against the Debtor or its management are property of
the Estate, to be pursued by the Committee on behalf of all
unsecured creditors -- if at all. To the extent Mead Square has
claims that are not derivative, those claims can be litigated in
this Court.

Mead Square has failed to carry its threshold burden to show cause
exists to lift the automatic stay under section 362(d)(1). Having
failed to make an initial showing of cause, the motion of Mead
Square is denied.

"Even if the Court has been led down the primrose path, in finding
that Mead Square has failed to establish cause to lift the stay
under section 362(d)(1), application of the relevant Sonnax factors
convinces the Court, in the exercise of its discretion, that stay
relief should not be granted," Judge Warren says.

Judge Warren concludes that the relevant Sonnax factors all weigh
in favor of denial of the motion to lift stay. The notion that Mead
Square is being made to defend itself in state court, while being
disadvantaged by not being permitted to assert unrelated
counterclaims, does not survive scrutiny. The proposed claims can
be litigated by Mead Square in Bankruptcy Court in connection with
the claims review process.

A copy of the Court's Decision and Order dated July 20, 2020 is
available at https://bit.ly/30e9I8c from Leagle.com.

                About Rochester Drug Co-Operative

Rochester Drug Cooperative, Inc., is an independently owned New
York cooperative corporation formed in 1905 and incorporated in
1948 with a principal office and place of business located at 50
Jet View Drive, Rochester, New York 14624.  Its principal business
is to warehouse, merchandise, and then distribute, on a cooperative
basis, drugs, pharmaceutical supplies, medical equipment and other
merchandise commonly sold in drug stores, pharmacies, health and
beauty stores, and durable medical equipment business.  It is a
wholesale regional drug cooperative that operates as both a buying
cooperative and a traditional drug distribution company created for
the purpose of helping independent pharmacies compete in the
current healthcare environment.

Rochester Drug Cooperative sought Chapter 11 protection (Bankr.
W.D.N.Y. Case No. 20-20230) on March 12, 2020, for the purpose of
winding-down the Debtor's operations and liquidating its assets.

The Debtor was estimated to have $50 million to $100 million in
assets and $100 million to $500 million in liabilities.

The Hon. Paul R. Warren is the case judge.

The Debtor tapped Bond, Schoeneck & King, PLLC, led by Stephen A.
Donato, as counsel and Epiq Corporate Restructuring, LLC as the
claims and noticing agent.


RPS VENTURES: Case Summary & 4 Unsecured Creditors
--------------------------------------------------
Debtor: RPS Ventures, Inc.
        2620 W. Main Street
        Jacksonville, AR 72078

Chapter 11 Petition Date: July 31, 2020

Court: United States Bankruptcy Court
       Eastern District of Arkansas

Case No.: 20-13136

Judge: Hon. Ben T. Barry

Debtor's Counsel: M. Randy Rice, Esq.
                  RICE LAW OFFICE
                  523 S. Louisiana, #300
                  Little Rock, AR 72201
                  Tel: (501) 374-1019
                  E-mail: randyrice2@comcast.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joseph Matt Robinson, president.

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

                       https://is.gd/lGsDRO


RWDY INC: Committee Hires Stewart Robbins as Counsel
----------------------------------------------------
The Official Committee of Unsecured Creditors of RWDY, Inc., seeks
authorization from the U.S. Bankruptcy Court for the Western
District of Louisiana to retain Stewart Robbins Brown & Altazan,
LLC, as counsel to the Committee.

The Committee requires Stewart Robbins to:

   a. represent the Committee in any proceedings and hearings
      related to the Chapter 11 Case;

   b. attend meetings and negotiation with representatives of the
      Debtor and other parties in interest in the Chapter 11
      Case;

   c. negotiate with the Debtor and other creditor and equity
      constituencies in the Chapter 11 case regarding a plan of
      reorganization;

   d. advise the Committee of its powers and duties and regarding
      matters of bankruptcy law;

   e. investigate and research the Debtor's assets and
      liabilities;

   f. provide assistance, advice, and representation concerning
      the confirmation of, or objection to, any proposed plan(s);

   g. prosecute and defend litigation matters and such other
      matters that might arise during the Chapter 11 Case;

   h. provide counseling and representation with respect to
      assumption or rejection of executory contracts and leases,
      sales of assets, and other bankruptcy-related matters
      arising from the Chapter 11 Case;

   i. render advice with respect to other legal issues relating
      to the Chapter 11 Case, including, but not limited to,
      corporate finance and commercial issues;

   j. prepare on behalf of the Committee any necessary adversary
      complaints, motions, applications, orders, and other legal
      papers relating to the Chapter 11 Case; and

   k. perform such other legal services as may be necessary and
      appropriate for the efficient and economical administration
      of the Chapter 11 Case.

Stewart Robbins will be paid at these hourly rates:

     Attorneys                  $205 to $415
     Paralegals                     $120

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

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

Stewart Robbins can be reached at:

     Paul Douglas Stewart, Jr., Esq.
     STEWART ROBBINS & BROWN, LLC
     301 Main Street, Suite 1640
     Baton Rouge, LA  70821-2348
     Tel: (225) 231-9998
     Fax: (225) 709-9467
     E-mail: dstewart@stewartrobbins.com

                       About RWDY Inc.

RWDY, Inc. -- http://www.rwdyinc.com/-- is an internationally
recognized provider of oil field consultants.  RWDY Inc. filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. La. Case No. 20-10616) on June 23, 2020.  In the
petition signed by Brian T. Owen, president, the Debtor was
estimated to have up to $50,000 in assets and $10 million to $50
million in liabilities.  Robert W. Raley, Esq., represents the
Debtor.


SD-CHARLOTTE LLC: Unsecureds to Be Paid from Cure Claims
--------------------------------------------------------
Debtors SD-Charlotte, LLC, RTHT Investments, LLC, SD Restaurant
Group, and SD-Missouri, LLC filed with the U.S. Bankruptcy Court
for the Western District of North Carolina, Charlotte Division, a
Disclosure Statement for Joint Plan of Liquidation dated June 19,
2020.

The Plan contemplates a liquidation of the Plan Debtors and their
Estates and is therefore referred to as a "plan of liquidation."
The primary objective of the Plan is to maximize the value of
recoveries to Holders of Allowed Claims and to distribute all
property of the Plan Debtors' Estates that is or becomes available
for distribution roughly in accordance with the priorities
established by the Bankruptcy Code. The Plan Debtors believe that
the Plan accomplishes this objective and is in the best interests
of their Estates, and therefore seek to confirm the Plan.

As part of Confirmation, the Plan Debtors are proposing that, on
the Effective Date, the Estates of the Plan Debtors be deemed
consolidated for administrative purposes related to the Plan,
including for purposes of (1) implementing the Plan, (2) voting,
(3)assessing whether the Confirmation standards have been met, (4)
calculating and making distributions under the Plan, and (5) filing
post-Confirmation reports and paying quarterly fees to the
Bankruptcy Administrator.

Class 3 General Unsecured Claims against the Plan Debtors will not
receive any payment on account of their claims other than payments
received on account of cure claims in connection with the sales.

Class 5 interests will be canceled, and Holders of Class 5
interests will not receive any Distribution pursuant to this Plan.

Allowed Claims (other than Prepetition Secured Lender Claims) and
any amounts necessary to wind down the Plan Debtors' Estates will
be paid from the Wind Down Fund, subject to the limitations and
qualifications.

A full-text copy of the Disclosure Statement dated June 19, 2020,
is available at https://tinyurl.com/ycg2dz8r from PacerMonitor at
no charge.

SD-Charlotte, LLC, sought Chapter 11 protection (Bankr. W.D. N.C.
Case No. 3:20-bk-30149) on Feb. 7, 2020.  The case is assigned to
Judge Laura T Beyer.

Counsel to the Debtors:

        MOORE & VAN ALLEN PLLC
        Zachary H. Smith
        Hillary B. Crabtree
        James Langdon
        Julia A. May
        100 N. Tryon Street, Suite 4700
        Charlotte, NC 28202
        Telephone: (704) 331-1000
        Facsimile: (704) 339-5968
        E-mail: zacharysmith@mvalaw.com
        E-mail: hillarycrabtree@mvalaw.com
        E-mail: jimlangdon@mvalaw.com
        E-mail: juliamay@mvalaw.com




SETTLERS JERKY: Aug. 12 Plan Confirmation Hearing Set
-----------------------------------------------------
On June 17, 2020, the U.S. Bankruptcy Court for the Central
District of California, Los Angeles Division, held a continued
hearing to consider that certain Motion For Entry Of An Order
Approving Disclosure Statement Describing Chapter 11 Plan Of
Reorganization dated March 18, 2020, filed by Debtor Settlers Jerky
Inc.

On June 23, 2020, Judge Sheri Bluebond granted the motion and
ordered that:

   * The Disclosure Statement is approved.

   * Aug. 12, 2020, at 2:00 p.m. is the hearing to consider
confirmation of the Third Amended Plan.

   * July 27, 2020, is the deadline for ballots to be received by
counsel for the Debtor to be counted as votes.

   * July 27, 2020, is the deadline to file objections to
confirmation of the Third Amended Plan.

A copy of the order dated June 23, 2020, is available at
https://tinyurl.com/y767u2nl 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

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.


SHADDEN LLC: Seeks to Hire Compass Colorado as Broker
-----------------------------------------------------
Shadden, LLC, seeks authority from the U.S. Bankruptcy Court for
the District of Colorado to employ Compass Colorado LLC d/b/a
Compass, as broker.

Shadden, LLC requires Compass Colorado to market and sell the
Debtor's real property located at 9689 E. Prentice Circle,
Greenwood Village, Colorado.

Compass Colorado will be paid a commission of 3.33% of the gross
sales price.

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

Megan Quinn Mayfield, partner of Compass Colorado LLC d/b/a
Compass, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Compass Colorado can be reached at:

     Megan Quinn Mayfield
     COMPASS COLORADO LLC D/B/A COMPASS
     680 E. Colorado Blvd., Suite 150
     Pasadena, CA 91101
     Tel: (626) 205-4040

                       About Shadden LLC

Shadden, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 19-18726) on Oct. 8, 2019.  At the
time of the filing, the Debtor had estimated assets of less than
$50,000 and liabilities of between $1 million and $10 million.  The
case has been assigned to Judge Kimberley H. Tyson.  The Debtor
tapped Keri L. Riley, Esq., at Kutner Brinen, P.C., as its legal
counsel.


SOAPTREE HOLDINGS: Aug. 10 Plan & Disclosure Hearing Set
--------------------------------------------------------
Debtor Soaptree Holdings LLC filed with the U.S. Bankruptcy Court
for the District of Nevada an ex parte motion to conditionally
approve the Amended Disclosure Statement and set a Combined Hearing
for the Final Approval of the Amended Disclosure Statement and for
the Confirmation of Amended Plan of Reorganization.

On June 25, 2020, Judge August B. Landis granted the motion and
ordered that:

   * The Debtor's proposed Disclosure Statement contains adequate
information and is approved on a conditional basis.

   * The Debtor will distribute the Solicitation Packages,
excluding the Ballot, to holders of claims in Class 3, Class 4,
Class 7, and Class 9, because Class 3, Class 4, Class 7, and Class
9 Claims are unimpaired, and, therefore, not entitled to vote to
accept or reject the Plan.

   * July 20, 2020, at 5:00 p.m. is the deadline for all Ballots to
be properly executed.

   * July 27, 2020, is the deadline for filing and serving
objections to the adequacy of the Disclosure Statement and/or
confirmation of the Plan.

   * Aug. 3, 2020, is the deadline for filing and serving a brief
in support of the final approval of the Disclosure Statement and
the confirmation of the Plan and a reply to any objections filed to
the final approval of the Disclosure Statement and the confirmation
of the Plan.

   * Aug. 10, 2020, at 1:30 p.m. is the combined hearing to
consider the adequacy of the Disclosure Statement for final
approval and the confirmation of the proposed Plan.

A copy of the order dated June 25, 2020, is available at
https://tinyurl.com/yaa7m8dq from PacerMonitor at no charge.

The Debtor is represented by:

          ANDERSEN LAW FIRM, LTD.
          Ryan A. Andersen, Esq.
          Ani Biesiada, Esq.
          3199 E Warm Springs Rd, Ste 400
          Las Vegas, Nevada 89120

                    About Soaptree Holdings

Soaptree Holdings LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-16378) on Oct. 24,
2018.  In the petition signed by its manager, Shawn Samol, the
Debtor disclosed less than $1 million in assets and less than
$50,000 in liabilities.  Judge August B. Landis oversees the case.
The Debtor tapped Andersen Law Firm, Ltd., as its legal counsel;
and RPD Analytics, LLC as its appraiser and valuation expert.


SONADOR CAPITAL: Unsecureds to Get Paid from Property Sale
----------------------------------------------------------
Sonador Capital Partners, LLC, filed with the U.S. Bankruptcy Court
for the Middle District of Tennessee at Nashville a Disclosure
Statement describing Chapter 11 Plan dated June 23, 2020.

The Debtor is a Tennessee limited liability company established in
2016 whose main business developing and selling real property in
Newcomb, Tennessee.  The Debtor purchased the real property in
question in 2016 for $325,000 and obtained financing to fund the
development of this property from First Volunteer Bank in the
amount of $475,948 (Claims Register D.E. 1) and from Larry and
Joyce Lamb in the amount of $212,000.

After developing this property for sale, the Debtor obtained a
contract for sale in the amount of $5,000,000 in 2018.  This
contract fell through during the due diligence period, and the
Debtor has continued to market the property.  It is currently being
marketed for $11,000,000.

The Debtor is in the process of engaging Hillco, a national real
estate marketing company, to sell the property in Newcomb,
Tennessee.  Hillco is currently running a conflicts check to accept
employment.

General unsecured claims are unsecured claims not entitled to
priority under Code Section 507(a).  There are two claimants in
this class. There is the claim of Land.com in the amount of $3,600
((No claim filed – estimated from the schedules) and Walter Ray
Culp, III, Chief Manager of the Debtor (No claim filed) who will be
withdrawing any claim against the Debtor.  The claims in this class
will be paid in full from the sale of undeveloped real property in
Newcomb, TN within 180 days from date of confirmation.

Interest holders will maintain all stock.

The Plan will be funded by the liquidation of real estate. The
Debtor will be responsible for post-confirmation management.

The Debtor will act as the disbursing agent for the purpose of
making all distributions provided for under the Plan.  The
disbursing agent will serve without bond and shall receive no
compensation for distribution services rendered and expenses
incurred pursuant to the Plan.

A full-text copy of the Disclosure Statement dated June 23, 2020,
is available at https://tinyurl.com/ycgfwcct from PacerMonitor at
no charge.

Counsel to the Debtor:

         STEVEN L. LEFKOVITZ
         618 Church Street, Suite 410
         Nashville, TN 37219
         Phone: (615) 256-8300
         Fax: (615) 255-4516
         E-mail: slefkovitz@lefkovitz.com

                     About Sonador Capital

Sonador Capital Partners, LLC, is a Single Asset Real Estate (as
defined in 11 U.S.C. Section 101(51B)).  The Company is the fee
simple owner of a property located at Newcomb-Elk Valley Pike and
Highway 297, Newcomb, TN, having a comparable sale value of $5
million.

Sonador Capital filed a Chapter 11 petition (Bankr. M.D. Tenn Case
No. 20-02391) on May 1, 2020.  At the time of filing, the Debtor
had $5,001,501 of total assets and $979,456 of total liabilities.
The case is assigned to Hon. Randal S. Mashburn.  The Debtor's
counsel is Steven L. Lefkovitz, Esq., of LEFKOVITZ & LEFKOVITZ.


SPANISH BROADCASTING: Deregisters its Common Stock Due to Pandemic
------------------------------------------------------------------
Spanish Broadcasting System, Inc. has voluntarily deregistered from
the reporting requirements of the Securities Exchange Act of 1934,
as amended.

For the Company, as it is and has been for all companies, the
global pandemic has provided need, reason and basis for the Company
to reduce expenses and operate with utmost efficiency. With that
continuing goal and objective, the decision of the Company to
deregister the Company's common stock, par value $0.0001 per share
was driven by elimination of the significant costs and
administrative burdens of preparing and filing current and periodic
reports with the Securities and Exchange Commission, the demands
placed on management and the Company to comply with the
requirements of the Exchange Act, and the low number of holders of
the Common Stock of the Company.  The Company believes the expected
savings of more than $1.5 million per year outweigh the advantages
of continuing to be an SEC reporting company.

The Company had filed a Form 15 Certification and Notice of
Termination of Registration under Section 12(g) of the Exchange Act
with the SEC in connection with its intention to deregister its
Common Stock and suspend its obligations to file reports with the
SEC.  The Company is eligible to file Form 15 because the Company's
Common Stock is held by less than 300 holders of record.

                   About Spanish Broadcasting

Spanish Broadcasting System, Inc. (SBS) --
http://www.spanishbroadcasting.com/-- owns and operates radio
stations located in the top U.S. Hispanic markets of New York, Los
Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the
Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and
Urbano format genres.  SBS also operates AIRE Radio Networks, a
national radio platform of over 275 affiliated stations reaching
95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network
television operation with over-the-air, cable and satellite
distribution and affiliates throughout the U.S. and Puerto Rico,
produces a nationwide roster of live concerts and events, and owns
a stable of digital properties, including La Musica, a mobile app
providing Latino-focused audio and video streaming content and
HitzMaker, a new-talent destination for aspiring artists.

Spanish Broadcasting recorded a net loss of $928,000 for the year
ended Dec. 31, 2019, compared to net income of $16.49 million for
the year ended Dec. 31, 2018.  As of March 31, 2020, the Company
had $453.36 million in total assets, $547.98 million in total
liabilities, and a total stockholders' deficit of $94.62 million.

Crowe LLP, in Fort Lauderdale, Florida, the Company's auditor since
2013, issued a "going concern" qualification in its report dated
March 30, 2020, citing that the 12.5% Senior Secured Notes had a
maturity date of April 15, 2017.  Cash from operations or the sale
of assets was not sufficient to repay the notes when they became
due.  In addition, at Dec. 31, 2019, the Company had a working
capital deficiency.  These factors raise substantial doubt about
its ability to continue as a going concern.


STAGE STORES: Gets Court Approval for $1.7M Bonuses for Store Execs
-------------------------------------------------------------------
Law360 rep[orts that a Texas bankruptcy judge on June 18, 2020,
overrode objections by the government bankruptcy watchdog to
discount chain Stage Stores Inc.'s proposal to pay up to $1.7
million in bonuses to its top executives.

U.S. Bankruptcy Judge David Jones approved the proposed performance
incentive plan at a remote hearing, saying the plan was "entirely
appropriate" and had the support of the creditors who will be
funding it. "I think it's a reasonable approach to an unusual
situation," he said. Stage Stores — the parent company of
discount retailers Peebles, Palais Royal, Bealls and Goody's —
hit Chapter 11 in May, blaming COVID-19 closures for its
misfortune.

                    About Stage Stores Inc.

Stage Stores, Inc. (SSI) and its affiliates --
http://www.stagestoresinc.com/-- are apparel, accessories,
cosmetics, footwear, and home goods retailers that operate
department stores under the Bealls, Goody's, Palais Royal, Peebles,
and Stage brands and off-price stores under the Gordmans brand.
Stage Stores operates approximately 700 stores across 42 states.
Stage's department stores predominately serve small towns and rural
communities, and its off-price stores are mostly located in
mid-sized Midwest markets.

Stage Stores, Inc. and affiliate Specialty Retailers, Inc., sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-32564) on
May 10, 2020.

The Company disclosed $1,713,713,000 of total assets and
$1,010,210,000 of total debt as of Nov. 2, 2019.

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

The Debtors tapped Kirkland & Ellis LLP as bankruptcy counsel;
Jackson Walker L.L.P. as local bankruptcy counsel; PJ Solomon,
L.P., is investment banker; Berkeley Research Group, LLC as
restructuring advisor; and A&G Realty as real estate consultant.
Gordon Brothers Retail Partners, LLC, will manage the Company's
inventory clearance sales.  Kurtzman Carson Consultants LLC is the
claims agent.


STRATEGIC PARTNERS: Moody's Affirms B2 CFR, Outlook Stable
----------------------------------------------------------
Moody's Investors Service affirmed Strategic Partners Acquisition
Corp.'s ratings, including its B2 Corporate Family Rating, B2-PD
Probability of Default Rating and B2 rating on its senior secured
credit facilities. The outlook is stable.

"The affirmation reflects SPAC's continued solid performance due to
ongoing demand for its products," stated Moody's apparel analyst,
Mike Zuccaro. "Medical uniforms and scrubs, diagnostics and
personal protective equipment are in high demand due to the global
coronavirus pandemic. When coupled with relatively solid credit
metrics, the company is strongly positioned in the B2 rating
category."

Affirmations:

Issuer: Strategic Partners Acquisition Corp.

Probability of Default Rating, Affirmed B2-PD

Corporate Family Rating, Affirmed B2

Senior Secured Bank Credit Facility, Affirmed B2 (LGD3 from LGD4)

Outlook Actions:

Issuer: Strategic Partners Acquisition Corp.

Outlook, Remains Stable

RATINGS RATIONALE

SPAC's credit profile reflects its narrow product focus on a single
apparel category (medical uniforms) and high customer concentration
which exposes the company to changes in retailer merchandising and
pricing strategies. The credit is also constrained by the risk
associated with private equity ownership, such as the potential for
debt-financed dividend distributions. While debt/EBITDA has
improved around 4.5 times since the 2016 LBO, SPAC's private equity
ownership increases the risk of a potential re-leveraging event.

Mitigating these risks is the stable and growing demand for medical
uniforms, which has recently accelerated due to global coronavirus
pandemic. The credit profile is also supported by SPAC's solid
interest coverage of around 3.0 times EBITA/interest expense
(Moody's-adjusted) and good liquidity. The company also benefits
from its consistently high operating margins and portfolio of
well-recognized brands within its market.

The stable outlook reflects its expectations that SPAC will
maintain good liquidity and solid credit metrics over the next
12-18 months.

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

The ratings could be downgraded if the company's overall operating
performance, liquidity, or relationships with key customers
deteriorate, or if financial policies become more aggressive such
as through material debt-financed dividends. Credit metrics include
debt/EBITDA maintained above 6 times or EBITA/interest expense
falling below 1.75 times.

The ratings could be upgraded if the company diversifies its
product line, meaningfully increases its size and reduces its
reliance on key customers by growing in other channels, while
maintaining good liquidity and a commitment to maintaining
conservative financial policies and credit metrics, including
debt/EBITDA sustained below 4.5 times.

Headquartered in Chatsworth, California, Strategic Partners
Acquisition Corp. is the parent company of Careismatic Brands,
Inc., which designs and distributes medical and school uniform
apparel and related products globally. The company operates using
various trademarks including Cherokee and Dickies. Revenues for the
twelve months ended March 28, 2020 were approximately $430 million.
SPAC has been controlled by New Mountain Capital since June 2016.

The principal methodology used in these ratings was Apparel
Methodology published in October 2019.


SUMMIT GAS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Summit Gas Resources, Inc.
        1 East Alger Street
        Suite 220
        Sheridan, WY 82801

Business Description: Summit Gas Resources, Inc. is engaged in the
                      in the business of extracting coal bed
                      methane gas.

Chapter 11 Petition Date: July 31, 2020

Court: United States Bankruptcy Court
       District of Wyoming

Case No.: 20-20377

Judge: Hon. Cathleen D. Parker

Debtor's Counsel: Margaret M. White, Esq.
                  KARPAN AND WHITE, P.C.
                  1920 Thomes Avenue
                  Suite 610
                  Cheyenne, WY 82001
                  Tel: (307) 637-0143
                  Email: mmw@karpanwhite.com

Total Assets as of June 30, 2020: $33,796,099

Total Debts as of June 30, 2020: $13,319,648

The petition was signed by Peter G. Schoonmaker, president and
CEO.

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

                         https://is.gd/eHuFbz

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Anschutz Corp.                  Royalty Payment         $46,464
Royalty Pool 2
555 17th Street
Suite 2400
Denver, CO 80202

2. Campbell County Treasurer           Taxes              $311,583
500 South Gillette Avenue
Gillette, WY 82716

3. Charles K. Lawrence            Various Surface          $63,188
Order Buying Co Inc.              Use Agreements
877 US 16 East
Buffalo, WY 82834

4. Claiborne K. Rowley              Surface Use            $52,840
Living Trust                         Agreement
1709 Sagebrush Avenue
Sheridan, WY 82801

5. Coyne L. Tibbets               Royalty Payment         $119,811
2040 Taylor Avenue
Sheridan, WY 82801

6. Crowell & Moring LLP              Trade Debt            $73,268
1001 Pennsylvania Avenue, NW
Washington, DC 20004-2595

7. Delta Energy, LLC              Royalty Payment          $48,709
P.O. Box 280969
Lakewood, CO 80228-0969

8. EKS&H                             Trade Debt            $49,593
8181 E. Tufts Ave.
Suite 600
Denver, CO 80237-2521

9. Gail K and Randy K. Bulkley      Surface Use           $107,232
8469 U.S. Highway                    Agreement
14-16
HCR 77
Gillette, WY 82716

10. Gayla J. Rowley                 Surface Use            $52,840
Trustee                              Agreement
1709 Sagebrush Drive
Sheridan, WY 82801

11. Goodrich Petroleum             Royalty Payment         $79,591
Company, LLC
Attn: Diana C Barron
801 Louisiana, Suite 700
Houston, TX 77002

12. Lighthouse Resources             Surface Use           $64,430
f/k/a Montana Royalty Co. Ltd.        Agreement
10980 South Jordan Greenway
South Jordan, UT 84095

13. Mary Jo Reavis                   Surface Use           $59,679
HC 40 Box 105                         Agreement
Decker, MT 59025

14. Powder Holdings, LLC            Amount Loaned       $1,909,357
1 East Alger Street                 Plus Interest
Sheridan, WY 82801

15. Ranger Energy Services, LLC      Trade Debt            $95,937
800 Gessner Suite 1000
Houston, TX 77024

16. Scotia Waterous Capital       Creditor operates       $416,900
Pennezoil Place                  a fund that provides
South Tower                        money to Debtor
711 Louisiana Street
Suite 1400
Houston, TX 77002

17. Sheridan County                Property Taxes          Unknown
Treasurer
224 South Main Street
Sheridan, WY 82801

18. Susan Pribble Trustee           Surface Use           $133,633
Robert W. and Mary                   Agreement-
I Lott And associated Trusts       Denying Access
P.O. Box 82
Ironton, MO 63650

19. Windsor Energy Group LLC       Royalty Payment        $102,355
405 W Boxelder
Suite D
Gillette, WY 82718

20. Wyoming Department of Revenue                         Unknown
122 West 25th Street
Cheyenne, WY 82002


SUNNY HILLS: Seeks to Hire DirtBrokers, Inc. as Real Estate Broker
------------------------------------------------------------------
Sunny Hills Aquatic Club seeks authority from the US Bankruptcy
Code for the Northern District of California to hire  DirtBrokers,
Inc., as its real estate broker.

The Debtor owns certain real property commonly known as 2129 Youngs
Valley Road, Walnut Creek, CA 94596 (APN No. 187-011-019-2).

DirtBrokers was retained by the Debtor on April 26, 2019, to list
the Property for sale.  On or about Sep 16, 2019, the Debtor and
the Broker entered into a modification to the Listing Agreement,
extending the expiration of the Listing Agreement from Oct 26,
2019, to April 8, 2020. On or about May 18, 2020, the Debtor and
the Broker entered
into a modification  to the Listing Agreement, extending the
expiration of the Listing Agreement from April 8, 2020, through
November 18, 2020.

The Debtor proposes to assume the Listing Agreement and employ the
Broker for the purpose of selling the Property.

The Broker will receive a commission of 6 percent of the sale
price, subject to a share agreement with the buyers broker in the
ordinary course of business.

DirtBrokers, Inc. does not have any interest adverse to the estate,
according to court filings.

The broker can be reached through:

     Ron Carter
     DirtBrokers, Inc.
     1431 Oakland Blvd # 215
     Walnut Creek, CA 94596
     Phone: +1 925-279-2222

                About Sunny Hills Aquatic Club

Sunny Hills Aquatic Club is a community swimming pool in Walnut
Creek, California.

Sunny Hills Aquatic Club filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No.
20-41077) on June 25, 2020. At the time of filing, the Debtor
estimated $500,001 to $1 million in assets and $100,001 to $500,000
in liabilities. The Debtor is represented by Tracy Green, Esq. of
Wendel, Rosen, Black And Dean.


TECHNICOLOR SA: Files Chapter 15 Due to COVID-19 Pandemic
---------------------------------------------------------
Andrew Monahan and Melissa Cheok, writing for Bloomberg Law,
reports that French media company Technicolor SA files Chapter 15
bankruptcy protection in a U.S. bankruptcy court, saying that the
Covid-19 pandemic has hurt revenue.

The move comes after the company said that it had reached agreement
in principle with creditors on a restructuring plan. Chapter 15
filings allow companies to protect their U.S. assets while
reorganizing in their home country.

Technicolor said in its filings that it had encountered significant
challenges over the past decade, including a global shift away from
traditional media consumption that hurt revenue from DVD
manufacturing.

                     About Technicolor SA

Technicolor S.A., headquartered in Paris, France, is a leading
provider of solutions and services for the Media & Entertainment
industries, deploying and monetizing next-generation video and
audio technologies and experiences.  The group operates in two
business segments: Entertainment Services and Connected Home.

Technicolor generated revenues of around EUR3.8 billion and EBITDA
(company-adjusted) of EUR324 million in 2019.

Technicolor S.A. filed a Chapter 15 petition (Bankr. S.D. Tex. Case
No. 4:20-bk-33113) on June 22, 2020.  The Hon. David R Jones is the
case judge.  The Debtor's counsel in the U.S. case:

        Matthew D Cavenaugh
        Jackson Walker LLP
        Tel: 713-752-4200
        E-mail: mcavenaugh@jw.com


TEMPLAR ENERGY: Obtains $65M Bankruptcy Offer from Tapstone
-----------------------------------------------------------
Alex Wolf, writing for Bloomberg Law, reports that Tapstone Energy

Oklahoma City-based Templar identified Tapstone as the "stalking
horse" bidder in papers filed June 23, 2020, with the U.S.
Bankruptcy Court for the District of Delaware.  The designation
provides Tapstone with the right to collect a nearly $2 million
break-up fee if another bidder is chosen at a July 9 auction.

                     About Templar Energy

Templar Energy LLC and its affiliates, founded in 2012, are
independent exploration and production companies, with a core focus
on the development and acquisition of oil and natural gas reserves
in the Greater Anadarko Basin of Western Oklahoma and the Texas
Panhandle.

Templar Energy and its operating subsidiaries
--http://templar.energy/-- have acquired substantial assets in the
Mid-Continent region covering, as of the Petition Date,
approximately 273,400 net acres by directly leasing oil and gas
interests from mineral owners.

Templar Energy LLC and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Case No. 20-11441) on June 1, 2020.

Templar Energy was estimated to have $100 million to $500 million
in assets and $500 million to $1 billion in liabilities.

Guggenheim Securities, LLC is acting as the Company's investment
banker, Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as
legal counsel, and Alvarez & Marsal North America, LLC is acting as
financial advisor. Young Conaway Stargatt & Taylor, LLP is local
co-counsel.  Kurtzman Carson Consultants LLC is the claims agent,
maintaining the page http://www.kccllc.net/TemplarEnergy



TIARA TOWNHOMES: Hires Grobstein Teeple as Financial Advisors
-------------------------------------------------------------
Tiara Townhomes LLC seeks authority from the United States
Bankruptcy Court for the Central District of California to employ
Grobstein Teeple LLP as its financial advisors and accountants
effective July 8, 2020.

Services Grobstein will render are:

     a. obtain and evaluate financial records;

     b. evaluate assets and liabilities of the Debtor and Estate;

     c. evaluate tax issues related to the Debtor and Estate;

     d. prepare tax returns;

     e. prepare Monthly Operating Reports;

     f. perform reconstruction and forensic accounting; and

     g. provide accounting and consulting services requested by the
Debtor and its counsel.  

The hourly billing rates for partners and principals are:

     Grobstein, Howard             $505
     Boffill, Kermith              $370
     Howard, Benjamin              $420
     Leonard, Jeffrey              $380
     Lundeen, Brian                $325
     Rasmussen, Erik               $495
     Roopenian, Steven             $315
     Shamas, Eddie                 $310
     Stake, Kurt                   $460
     Teeple, Joshua                $450
     Wright, Kailey                $315

The hourly billing rates for managers and directors are:

     Bussell, Jeffrey              $375
     Chamichyan, Silva             $275
     Godoy, Steven                 $275
     McCarthy, Michael             $280
     Rojany, Rachel                $315
     Thomsen, William              $350

The hourly billing rates for staff and senior accountants are:

     Chun, Jessie                  $225
     Demirdzhyan, Lucy             $140
     Hymel, Dianne                  $85
     Jarquin, Claudia               $85
     Johnson, Kelsea               $150
     Lopez, Lindsay                $135
     McCallum, Breanna             $125
     Meacham, Kevin                $205
     Mehra, Dimple                 $285
     Mier, Lucia                   $200
     Morberg, Thomas               $150
     Muga, Tracey                  $175
     Odell, Alex                   $285
     Patton, Jordan                $115
     Siegel, Brian                 $250
     Solares, Kenneth              $225
     Vacek, Jackie                 $150

Grobstein Teeple charges an hourly fee of $125 for paraprofessional
services.

Joshua Teeple, a partner at Grobstein Teeple, disclosed in court
filings that the firm neither holds nor represents any interest
materially adverse to the interest of Debtor's estate, creditors
and equity security holders.

The firm can be reached through:
   
     Joshua R. Teeple
     Grobstein Teeple LLP
     23832 Rockfield Boulevard
     Lake Forest, CA 92630
     Telephone: (949) 381-5655
     Facsimile: (949) 381-5665
     Email: jteeple@gtllp.com

                      About Tiara Townhomes

Tiara Townhomes, LLC, is a Single Asset Real Estate (as defined in
11 U.S.C. Section 101(51B)).  The company owns in fee simple an
8-unit townhome project located at 14403 Tiara Street, Los Angeles,
CA, having a purchase contract value of $5.45 million.

Tiara Townhomes, LLC, sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 20-11683) on June 11, 2020.  The petition was signed
by Michael VanderLey, CRO of Rockport Development, Inc., owner and
managing member.

The Debtor had total assets of $5,496,092 and liabilities of
$7,975,000 as of the bankruptcy filing.

The Debtor tapped Matthew W. Grimshaw, Esq., at Marshack Hays LLP,
as counsel.


TOTAL OILFIELD: Seeks to Hire T&C Bookkeeping as Accountant
-----------------------------------------------------------
Total Oilfield Solutions, LLC seeks approval from the U.S.
Bankruptcy Court for the District of New Mexico to employ T&C
Bookkeeping and Consulting to provide accounting services.

The professional services that T&C will render are:

     a. assist the Debtor in the preparation of accounting reports
mandated by this Court, the Bankruptcy Code, the Bankruptcy Rules,
this Court's local rules, the guidelines established by the Office
of the United States Trustee, and this Court's orders;

     b. prepare federal and New Mexico tax returns;

    c. assist with formulating a plan of reorganization; and

    d. provide any other services traditionally performed by a
full-service accounting firm.

The rates charged by T&C to Debtor in connection with the
engagement agreement is $10,000 per month.

T&C is a "disinterested person" as that term is defined in section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Thomas Warren
     T&C Bookkeeping and Consulting
     P.O. Box 269
     Loving, NM 88256
     Phone: (575) 300-1417

                About Total Oilfield Solutions

Total Oilfield Solutions, LLC, a Carlsbad, N.M.-based provider of
support activities for the mining industry, filed its voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D.N.M.
Case No. 20-11198) on June 15, 2020.  At the time of filing, Debtor
disclosed assets of $1 million to $10 million and estimated
liabilities of $100,000 to $500,000.  Judge Robert H. Jacobvitz
oversees the case. Debtor is represented by Giddens & Gatton Law,
P.C.


TRAVELERS REST: Seeks to Hire POHL as Bankruptcy Counsel
--------------------------------------------------------
Travelers Rest Enterprises, Inc. seeks authority from the US
Bankruptcy Court for the Southern District of Carolina to hire
POHL, PA as its bankruptcy counsel.

POHL, PA will provide legal services which may be necessary in the
administration of this case, including preparation or amendment of
schedules, representation in contested matters and adversary
proceedings, preparation of a plan of reorganization and disclosure
statement, and other matters which may arise during the
administration of this case.

The standard hourly rates of the firm are $345 per hour for Robert
Pohl, and $75 per hour for legal assistants.

POHL, PA has agreed to a pre-petition retainer in the amount of
$10,000.

POHL, PA does not represent any interests adverse to the
Debtor-in-possession or this estate in the matters upon which it is
to be engaged, according to court filings.

The counsel can be reached through:

     Robert Pohl, Esq.
     POHL, P.A.
     P.O. Box 27290
     Greenville, SC 29616
     Tel: 864-233-6294
     E-mail: Robert@POHLPA.com

                  About Travelers Rest Enterprises, Inc.

Travelers Rest Enterprises, Inc. operates in the hotels and motels
industry. The Company listed itself as a Single Asset Real Estate
(as defined in 11 U.S.C. Section 101(51B)).

Travelers Rest Enterprises filed its voluntary petition for relief
under Chapter 11 of the Bankryptcy Code (Bankr. S.D. Cal. Case No.
20-02756) on July 1, 2020. The petition was signed by David
Jagirdar, director and chairman. At the time of filing, the Debtor
estimated $1 million to $10 million on both assets and liabilities.
Robert Pohl, Esq. at POHL, P.A. represents the Debtor as counsel.


TRB CARROLLTON: Twisted Root Locations in North Tex. in Chapter 11
------------------------------------------------------------------
Ryan Salchert, writing for Dallas Business Journal, reports that
the co-founder of burger chain Twisted Root Burger Co. believed
that the company's Chapter 11 bankruptcy filing will ensure its
survival.

"Chapter 11 is the way I'm positioning Twisted Root for survival
over the next 18 months of down sales. I hope I'm wrong, but I'd
rather plan pessimistically than operate optimistically and end up
out of business," said Twisted Root Burger co-founder Jason Boso.

Entities connected with three Twisted Root Burger Co. locations in
North Texas filed for Chapter 11 bankruptcy protection earlier this
month. In the coming days, more locations are expected to follow
suit, said co-founder Jason Boso on June 22, 2020.

All but one of the restaurant's 10 Dallas-Fort Worth locations have
been temporarily closed since March 20, according to social media
posts, including for carryout and delivery. These closed locations
include the three that have already filed for bankruptcy protection
in Coppell, Arlington and Carrollton.

Bankruptcy documents for the three units can be found below:

  * TRB Arlington LLC lists between one and 49 creditors with
estimated liabilities ranging from $500,001 to $1 million,
according to the bankruptcy filing. Total assets range between
$100,001 and $500,000.

  * TRB Carrollton Square LLC lists the same range of creditors
with estimated liabilities between $1,000,001 million and $10
million.  Total assets range between $100,001 and $500,000.

  * TRB Main Street Coppell LLC lists the same range of creditors
and estimated liabilities as TRB Arlington, with total assets
ranging between $500,001 and $1 million.

The entities' largest unsecured claims are held by JPMorgan Chase &
Co. with each entity listing a contingent claim of more than
$700,000. TRB Carrollton Square also listed a more than $2.26
million contingent claim held by JPMorgan Chase with the financial
institution stipulated as the "guarantor for Truck Yard NXTX LLC
loans."

Boso, who co-founded the chain back in 2006 with Quincy Hart, is
listed as president of each entity.  The burger chain now has 17
locations, including restaurants in Alabama, Florida and Louisiana.
Last year, the restaurant closed one of its locations along SMU
Boulevard in Dallas.

Reorganizing to save the brand

In an email to the Dallas Business Journal Monday, Boso said more
locations will be filing for Chapter 11 in the coming days in a
move meant to reorganize debt and save the brand.

"Chapter 11 is for businesses that intend to reopen but who need
some help reorganizing debt to do so. That's how we're using it. We
are putting locations into Chapter 11 to help us deal with accounts
payable, debt service and rent," Boso wrote. "Most restaurant
owners I know are operating on a hope and a prayer that things turn
around. They may be open, but they are losing money. Chapter 11 is
the way I'm positioning Twisted Root for survival over the next 18
months of down sales. I hope I'm wrong, but I'd rather plan
pessimistically than operate optimistically and end up out of
business."

Boso did not stipulate the number of Twisted Root locations that
might enter the Chapter 11 process, but said it would only impact
the locations in Texas, as the others are franchises.

He also said his other brands – he owns restaurant group Brain
Storm Shelter – would likely not file for bankruptcy. Brain Storm
Shelter operates Truck Yard and Mexican restaurant Tacos &
Avocados, in addition to Twisted Root. Truck Yard's three locations
in Dallas, Houston and The Colony have all been reopened.

"The 'pause button' of Chapter 11 gives us time to negotiate leases
to reflect the current reality, that restaurants are having to be
closed down for up to 14 days every time an employee has COVID, or
that you have employees out for COVID testing for multiple days.
You potentially lose an entire half a month's revenue. Add to that
the increased cost of doing business with the additional safety
measures (hand sanitizer, additional staff dedicated to
disinfection activities, paper menus, masks, etc). Then you also
have social distancing requirements that, while I fully support for
safety reasons, reduce our ability to generate revenue relative to
the square footage that our leases (and rent) are based on. (Those
are) a lot of hurdles to jump just to get to break even," Boso
wrote.

"If some components of this equation don't change and we have
another spike that requires restaurant closures again, we can
expect to see many more restaurants close and forced into Chapter 7
instead of being able to recover via Chapter 11," he added.

Like many local restaurateurs, Boso had previously been approved
for multiple PPP loans for his entities, according to KTVT, but
decided not to accept them.

"Under the current program guidelines, it's actually going to hurt
my business and hurt my employees," he told KTVT in late May.

Aside from PPP and EIDL, many small businesses have turned to their
landlords for help, with varying degrees of success.

"With all of these vacancies in another 12 months, it's a shame
that many landlords can't look ahead to see that they will cause
their own long-term problems if they don't work with good tenants
now on reasonable rent programs that share the pain, instead of
forcing small business owners to carry the burden by themselves,"
wrote Boso.

John Henry, founder and partner at Dallas-based law firm Henry &
Regel, is representing the Twisted Root entities in Chapter 11
proceedings.

Bankruptcies continue to mount across North Texas, as companies hit
hardest by the pandemic – especially in the retail, travel, and
oil and gas industries – are feeling the effects.

                     About Twisted Root Burger

Twisted Root Burger Co. is a restaurant chain providing burgers,
milkshakes, and floats.

The recent COVID-19 outbreak and the resulting economic slowdown
generally and dine-in restaurant occupancy restrictions
specifically have created financial difficulties which have forced
TRB entities to seek relief.

Owners of Twisted Root locations, namely, TRB Carrollton Square,
LLC, TRB Arlington, LLC, and TRB Main Street Coppell, LLC, sought
Chapter 11 protection (Bankr. N.D. Tex. Case No. 20-31615) on June
8, 2020.  John P. Henry, Esq., at HENRY & REGEL, LLC, is the
Debtors' counsel.


TRUE RELIGION: Gets Go Signal from Court to Pay Executive Bonuses
-----------------------------------------------------------------
Law360 reports that bankrupt denim retailer True Religion Apparel
received permission from a Delaware bankruptcy judge on June 22,
2020 to pay out $721,000 in Chapter 11 bonuses to its key employees
as it pursues a debt-for-equity swap plan.

During a hearing conducted via phone and videoconferencing, debtor
attorney Justin Alberto of Cole Schotz PC said the bonuses were
critical to keeping essential employees with the company in order
to promptly execute its proposed Chapter 11 plan. "Our ability to
effectuate a successful reorganization and emergence from
bankruptcy is dependent on the work our key employees are doing,"
Alberto said.

                      About True Religion

Founded in Los Angeles, Calif., in 2002, True Religion Apparel,
Inc. and its affiliates design, market, sell and distribute premium
fashion apparel centered on their core denim products using the
brand names "True Religion" and "True Religion Brand Jeans."  The
companies' products are distributed through wholesale and retail
channels and through the website at http://www.truereligion.com/
On a global basis, the companies had 87 retail stores and over
1,000 employees as of April 13, 2020.

True Religion Apparel and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
20-10941) on April 13, 2020.  At the time of the filing, Debtor
disclosed assets of between $100 million and $500 million and
liabilities of the same range.

Judge Christopher S. Sontchi oversees the cases.

The Debtors tapped Cole Schotz P.C. as legal counsel; Akin Gump
Strauss Hauer & Feld, LLP as corporate counsel; Province, Inc. as
financial advisor; Retail Consulting Services, Inc. as real estate
advisor; and Stretto as claims and noticing agent.  Richard Lynch
of HRC Advisory, LP, is the Debtors' interim chief financial
officer.


TTM TECHNOLOGIES: Fitch Alters Outlook on BB LT IDR to Stable
-------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings of
TTM Technologies, Inc. and TTM Technologies Enterprises (HK)
Limited at 'BB', and has revised the Rating Outlook to Stable from
Negative. In addition, Fitch has affirmed the senior secured debt
rating for the ABL facilities at 'BBB-'/'RR1', senior secured debt
rating at 'BB+'/'RR1' for the term loans, senior unsecured debt
rating at 'BB'/'RR4' and the senior subordinated debt rating at
'B+'/'RR6'. Fitch's actions affect approximately $1.3 billion of
committed and outstanding debt.

Following the leveraging acquisition of Anaren Inc. in 2018,
leverage remained stubbornly above the company's 2.0x net leverage
target and Fitch's 3.5x gross leverage negative sensitivity, as
operating results fell short of expectations due to a poorly
received new product launch by the company's largest handset client
in 2H18. This was compounded by softening automotive markets in
2019, preventing anticipated deleveraging within the typical rating
horizon, resulting in the Fitch's revision of the Rating Outlook to
Negative.

However, with the recently completed sale of the company's Mobility
business, along with improved operating results and strong FCF
generated in 2019 and into 1H20, TTM prepaid $400 million on the
outstanding term loan, and is now well positioned to reduce
leverage below Fitch's negative sensitivity threshold, given
Fitch's expectation that the $250 million of convertible notes
maturing in 2020 will be repaid with available cash.

In addition, recent 2Q results clearly demonstrate a return to
operating momentum, aided by strength in Defense end-markets due to
spending in key strategic programs, consistent with management's
long-term strategy, elevated demand from Medical Device markets
seeking increased supplies of ventilators and patient monitoring
equipment to combat the coronavirus pandemic, and execution on the
margin expansion strategy. Taken together, Fitch believes that
previously discussed conditions to stabilize the rating have been
met.

KEY RATING DRIVERS

Improved End-Market Mix: TTM has continued to pursue its strategy
to reduce operating volatility by seeking an increased mix of sales
into end markets with advantageous characteristics. The company
reduced its exposure to deeply cyclical consumer electronic device
markets to a Fitch-estimated 17% of 2019 revenue, down from 27% in
2014. In January 2020, TTM announced the sale of four Chinese
manufacturing plants that comprise the company's mobility business
to a Chinese consortium, AKMMeadville Electronics (Xiamen) Co.,
Ltd., for $550 million plus the retention of certain accounts
receivable estimated to provide an additional $95 million in cash
proceeds. Fitch expects remaining exposure to consumer electronic
markets to be eliminated as the transaction has since closed.

In place of these sales, TTM has increased its exposure to
favorable end markets, such as automotive and aerospace and
defense, which have longer product cycles, deeper customer
engagement, lower threat of competitive displacement and decreased
order volatility. In 2015, TTM's acquisition of Viasystems Inc.
materially increased exposure to automotive end markets to 20% of
revenue from 2% in the prior year, and the 2018 acquisition of
Anaren increased exposure to A&D markets to 20% on a pro forma
basis from 16% in the prior year.

Fitch believes the improved end-market mix contributes to lower
revenue volatility through economic and product cycles; introduces
new sources of secular growth as wireless handsets reach
saturation; and presents opportunities for margin enhancement
through deeper customer engagement, increased advanced product
sales, longer product cycles and increased returns on capital
investment.

Reduced Customer Concentration: The divestiture of TTM's Mobility
business significantly reduces customer concentration by nearly
eliminating sales to the company's largest handset original
equipment manufacturer customer that represented 15%-20% of
revenues during 2016-2019. While TTM's OEM remaining clients also
operate in concentrated markets, such as A&D, wireless
infrastructure and autos, Fitch estimates the company's revenue
exposure to its top five clients will be reduced to approximately
25%-30% from 32%-37% during 2016-2019 upon closing of the
transaction. Fitch believes the remaining large customers present
favorable characteristics, such as improved secular growth trends,
longer product cycles, deeper design engagement and reduced risk of
competitive displacement, leading to increased revenue stability
and visibility.

Commitment to Leverage Target: TTM management has expressly
committed to a long-term net leverage target of 2.0x EBITDA.
Following the leveraging acquisition of Anaren in 2018, leverage
had remained stubbornly above the company's target and Fitch's 3.5x
gross leverage negative sensitivity, as a poorly received product
introduction by the company's largest handset client in 2H18 was
compounded by softening automotive markets in 2019, preventing
anticipated deleveraging in Fitch's expected two-year time frame.

The company has demonstrated willingness to exceed the target for
M&A opportunities, but management historically prioritized debt
repayment to return to the long-term target in two to three years
following an acquisition. The 2015 Viasystems acquisition took pro
forma net leverage (excluding synergies) to 4.1x and was followed
by $220 million in voluntary debt prepayment, reducing net leverage
to 2.1x by YE 2016. The 2018 Anaren acquisition was similarly
followed by $144 million in voluntary term loan prepayments to
date.

During the company's 2Q20 earnings announcement, TTM underscored
its commitment to reduced leverage as management announced a $400
million prepayment of the term loan funded by Fitch's estimate of
cash balances approaching $1 billion due to the improved operating
results, the strong FCF experienced in 2019 and into 1H20, as well
as the receipt of proceeds from the sale of the Mobility segment.
TTM is now positioned to achieve management's target and reduce
leverage below Fitch's negative threshold, given Fitch's
expectation that the convertible notes will be repaid in cash upon
maturity in 2020. As a result, Fitch forecasts leverage of 3.1x by
YE 2020, meeting the conditions to stabilize the rating.

Product Necessity: TTM produces printed circuit boards, which are
used to connect the underlying circuitry in nearly all electronic
and computing products. Given the product's necessity, long-term
demand for PCBs is secure, despite short-term economic cyclicality.
Fitch believes the ubiquitous nature of and sustainable demand for
PCBs is supportive of the company's credit profile.

Reliable FCF Generation: TTM generated FCF margins averaging 6.5%
over the most recent four years and has demonstrated strong cash
flow resiliency during adverse environments, with a 2018 trough
margin that still exceeded 4.0%. Fitch believes the acquisition of
the higher margin Anaren and sale of the Mobility segment,
increased sales of advanced technologies, opportunities to engage
clients in complex design and engineering work, accelerated demand
growth in attractive end markets such as A&D and automotive, longer
product runs and lower upfront capital investment, may drive
improved FCF margins over the long term.

Fragmented Industry: The PCB industry contains nearly 2,600
manufacturers, with the top five, including TTM, accounting for
4%-5% market share each. Fitch believes the high fragmentation
results in ongoing pricing pressure, low margins and revenue
volatility. TTM has improved its competitive positioning through
development of advanced technologies and with the acquisition of
Anaren, which provides competitive advantages in A&D markets, as
well as with its large-scale, global manufacturing footprint
capable of fulfilling the high-volume needs of large OEMs.

Weak Position in Value Chain: TTM often experiences low revenue
visibility given a limited backlog of approximately 90 days, lack
of volume commitments in contracts and short lead times for
purchase orders that are typically subject to cancellation without
penalty. Fitch believes the company's position reduces forecasting
ability and contributes to revenue and EBITDA margin volatility.

DERIVATION SUMMARY

TTM continues to pursue the strategic goal of reducing operating
volatility while increasing exposure to markets with favorable
characteristics. Following the Anaren acquisition in 2018, which
increased exposure to A&D markets, TTM recently announced the sale
of its Mobility business unit a Chinese consortium, AKMMeadville
Electronics (Xiamen) Co., Ltd., for $550 million plus the
collection of an estimated $95 million of certain accounts
receivable. The transaction serves to eliminate exposure to
consumer electronics markets that have frequently experienced acute
swings in production volumes due to short lead times, high customer
concentration and elevated seasonality, while also presenting
minimal further growth opportunity due to handset saturation.

In contrast, Fitch believes the exit will allow TTM to increase
focus on attractive markets, such as A&D, automotive,
medical/industrial and wireless infrastructure, where increased
defense spending with and strategic focus on radar and other
advanced technology, rising electronic content in autos, 5G
buildout, development of medical instrumentation and internet of
things provide favorable secular dynamics.

Increased exposure to these end markets provides stronger long-term
growth prospects, reduced economic sensitivity, improved
predictability, deeper customer engineering engagement and longer
product cycles. Fitch views the impacts of the sale and exit from
the handset market positively, as it eliminates many of the adverse
dynamics and risks TTM experienced in recent years, while
increasing focus on stronger end markets and allowing the company
to move up the value chain with more highly engineered products,
resulting in a healthier operating profile.

TTM is well positioned comparably among industry competitors given
its top-five position in the PCB industry, global manufacturing
scale, end-market diversification, focus on leading advanced
technology PCBs, deep engineering engagement with customers and
sole position as a U.S.-domiciled PCB manufacturer in the global
top 10 that is required to serve sensitive product areas in
technology and A&D markets.

TTM has experienced similar operating volatility compared with
credit peers Jabil Inc. (BBB-/Stable) and Flex Ltd. (BBB-/Stable),
but has generated favorable FCF margins in the mid to high single
digits with few periods of cash burn throughout cycles. TTM also
maintains similar end-market exposures, with significantly smaller
scale, but has pursued a differentiated strategy by exiting
consumer electronics markets with the sale of the Mobility segment,
likely resulting in reduced future volatility.

TTM has also demonstrated greater willingness to absorb higher
leverage for M&A transactions that fulfil strategic priorities,
such as the Anaren acquisition, that along with deterioration in
end markets contributed leverage elevated above Fitch and
management targets.

The collection of proceeds from the disposition and subsequent
prepayment of $400 million outstanding on the term loan, now
positions TTM to further reduce leverage to within Fitch's 3.5x
negative sensitivity threshold upon repayment of the convertible
notes maturing in 2020, resulting in Fitch's stabilization of the
Rating Outlook.

The ratings reflect the company's improved end-market mix, reduced
customer concentration, gradual progress up the value chain,
demonstrated commitment to prepaying debt to achieve leverage
targets, reliable FCF and expectation for reduced operating
volatility. No Country Ceiling or operating environment aspects
affect the rating. Fitch applied its parent/subsidiary criteria and
determined the IDRs of TTM Technologies, Inc. and TTM Technologies
Enterprises (HK) Limited should be equalized due to strong legal,
operational and strategic ties.

KEY ASSUMPTIONS

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

  -- Revenue: 23% decline in 2020 due to macro impacts of
coronavirus and disposition of Mobility segment; growth of 4%-6%
per annum thereafter due to strength in strategic Defense
platforms, commercial Aerospace upgrades, increasing electronic
content in Automotive end-markets, 5G infrastructure buildout and
continued Data center expansion;

  -- EBITDA margin compression to 13.4% in 2020 due to revenue
declines and disposition of Mobility segment, followed by return to
14.5% margin in fiscal 2021 and 50 bps expansion per annum
thereafter due to increased engineering engagement with customers,
growth in advanced technology sales, increased mix from
higher-margin Anaren revenues and operating leverage;

  -- Capex: capital intensity of 5%, consistent with recent history
and at the high end of management's 4%-5% target;

  -- Debt: Repayment of convertible notes upon maturity in 2020
using readily available cash balances.

RATING SENSITIVITIES

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

  -- Expectation for total debt with equity credit/operating EBITDA
to be sustained below 3.0x;

  -- Expectation for gross debt/FCF to be sustained below 6.0x;

  -- Improved diversification and increased exposure to more stable
end markets results in reduced cyclicality and improved
visibility.

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

  -- Expectation for total debt with equity credit/operating EBITDA
to be sustained above 3.5x due to a change in financial policies
and/or deterioration of growth and margin expansion opportunities;

  -- Expectation for gross debt/FCF to be sustained above 7.0x.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.

LIQUIDITY AND DEBT STRUCTURE

Robust Liquidity Position: The company's liquidity position has
grown substantially, consisting of $695 million of readily
available cash and available borrowing capacity under the U.S. ABL
and the Asia ABL facilities of $95.5 million and $98.3 million,
respectively, as of June 29, 2020. Strong FCF through fiscal 2019
and into 1H20, along with the sale of the Mobility unit, has led to
significant growth in cash from $256 million at YE fiscal 2018.
Liquidity is further TTM's reliably consistent FCF that Fitch's
forecasts will total $130 million-$170 million per annum through
2023. The strong liquidity position is more than sufficient to fund
the $250 million maturity of the convertible notes due in December
2020 and to sustain through a pronounced downturn due to the
impacts of the coronavirus pandemic.

Total committed and outstanding debt as of June 29, 2020, pro forma
for the term loan prepayment, consists of:

  -- $40 million outstanding on the $150 million U.S. ABL facility
due 2024;

  -- $30 million outstanding on the $150 million Asian ABL facility
due 2024;

  -- $406 million outstanding principal on the senior secured term
loan due 2024;

  -- $375 million outstanding principal on the senior unsecured
notes due 2025;

  -- $250 million outstanding principal on the senior unsecured
non-guaranteed convertible notes due 2020.

SUMMARY OF FINANCIAL ADJUSTMENTS

Fitch made standard financial adjustments as described in the
applicable ratings criteria.

SOURCES OF INFORMATION

The principal sources of information used in the analysis are
described in the applicable criteria.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

The highest level of ESG credit relevance, if present, is a score
of 3. This means ESG issues are credit-neutral or have only a
minimal credit impact on the entity(ies), either due to their
nature or to the way in which they are being managed by the
entity(ies).

TTM Technologies, Inc.

  - LT IDR BB; Affirmed

  - Senior unsecured; LT BB; Affirmed

  - Senior unsecured; LT B+; Affirmed

  - Senior secured; LT BBB-; Affirmed

  - Senior secured; LT BB+; Affirmed

TTM Technologies Enterprises (HK) Limited

  - LT IDR BB; Affirmed

  - Senior secured; LT BBB-; Affirmed


TUESDAY MORNING: Liquidates Two St. Louis Stores
------------------------------------------------
Diana Barr, writing for St. Louis Business Journal, reports that
Tuesday Morning Corp., the off-price retailer that filed for
Chapter 11 bankruptcy last month, is liquidating two of its St.
Louis-area stores in a first phase of closings.

Liquidation sales have begun at Tuesday Morning stores at 233
Watson Plaza in Crestwood and at 17353 Edison Ave. in Chesterfield.
The retailer has six other St. Louis-area stores, in Ellisville,
Creve Coeur, Olivette, South County, Rock Hill and O'Fallon,
Missouri.

The closures are part of a first wave of about 130 store closings
Tuesday Morning said it would undertake as part of its bankruptcy
reorganization. The company has said it plans to identify another
100 stores for closure in the near future. Tuesday Morning had
about 687 retail locations at the time of its Chapter 11 filing.

Dallas-based Tuesday Morning said in its bankruptcy filing that
Aug. 7 would be the final day for store closing sales, but an
individual store could close earlier or go past that date.

Employees at the Crestwood and Chesterfield stores said liquidation
sales began there June 8 and will continue for six to eight weeks
until inventory is depleted.

Great American Group LLC is conducting the store closing sales.
In-store merchandise is being discounted up to 30% off original
prices.

Tuesday Morning had temporarily closed all of its stores this
spring due to the coronavirus pandemic. By the end of May, it had
re-opened over 80% of its existing store footprint with 7,300
associates returning to work.

                 About Tuesday Morning Corp.

Tuesday Morning Corporation, together with its subsidiaries, is a
closeout retailer of upscale home furnishings, housewares, gifts,
and related items. It operates under the trade name "Tuesday
Morning" and is one of the original "off-price" retailers
specializing in providing unique home and lifestyle goods at
bargain values.  Based in Dallas, Tuesday Morning operated 705
stores in 40 states as of Jan. 1, 2020. For more information, visit
http://www.tuesdaymorning.com/

On May 27, 2020, Tuesday Morning and six affiliates sought Chapter
11 protection (Bankr. N.D. Tex. Lead Case No. 20-31476). Tuesday
Morning disclosed total assets of $92 million and total liabilities
of $88.35 million as of April 30, 2020.

The Hon. Harlin Dewayne Hale is the case judge.

Debtors tapped Haynes and Boone, LLP as general bankruptcy counsel;
Alixpartners LLP as financial advisor; Stifel, Nicolaus & Co., Inc.
as investment banker; A&G Realty Partners, LLC as real estate
consultant; and Great American Group, LLC as liquidation
consultant.  Epiq Corporate Restructuring, LLC is the claims and
noticing agent.


ULTRA PETROLEUM: Chamberlain, et al. Represent Jonah LLC, 9 Others
------------------------------------------------------------------
In the Chapter 11 cases of Ultra Petroleum Corp., et al., the law
firms of Chamberlain Hrdlicka, Mcdowell Hetherington LLP, and
Phillip D. Barber, P.C. submitted a verified statement under Rule
2019 of the Federal Rules of Bankruptcy Procedure, to disclose that
they are representing the following parties:

Jonah LLC
8575 Aviator Lane
Centennial, CO 80112-71007

Weeks Pinedale, LLC
600 17th Street, Suite 2800 South
Denver, CO 80202

Weeks Resources, LLC
600 17th Street, Suite 2800 South
Denver, CO 80202

Weeks Oil Properties, LLC
600 17th Street, Suite 2800 South
Denver, CO 80202

McMurray LLC
PO Box 50790
Casper, WY 82605

Bushong Oil & Gas Properties, LLC
8 Polo Field Lane
Denver, CO 80209

Joseph J. Scott
PO Box 2983
Casper, WY 82602

Gasconade Oil Co.
410 17th Street, #1180
Denver, CO 80202

Riggs Oil & Gas Corporation
PO Box 711
Farmington, NM 87499

The Roy H. Dubitzky Trust
2850 Classic Drive
Unit 2814
Highlands Ranch, CO 80126

The Jonah Plaintiffs hold claims against the above-captioned
Debtors that relate to underpaid or unpaid overriding royalty
interests. Gasconade, et al. are parties to a pre-petition
settlement agreement with the Debtors, as well as recipients of
royalties. They are monitoring this case jointly. Each of these
Clients are aware of and have consented their representation by
CHWWA. CHWWA holds no interest in the Debtors or their estates.

None of these claims have been assigned subsequent to the
commencement of this case, and have not been solicited for purchase
by CHWWA or the Clients.

CHWWA and the Clients reserve all rights to supplement and/or amend
this Verified Statement in accordance with the requirements set
forth in the Federal Rule of Bankruptcy Procedure 2019.

Counsel for Jonah Plaintiffs and Gasconade, et al. can be reached
at:

          Jarrod B. Martin, Esq.
          1200 Smith Street, Suite 1400
          Houston, TX 77002
          Tel: 713.356.1280
          Fax: 713.658.2553
          Email: jarrod.martin@chamberlainlaw.com

          Kate H. Easterling, Esq.
          MCDOWELL HETHERINGTON LLP
          1001 Fannin Street, Suite 2700
          Houston, TX 77002
          Tel: (713) 333-6036
          Fax: (713) 337-8850
          Email: Kate.Easterling@mhllp.com

             - and -

          Phillip D. Barber, Esq.
          PHILLIP D. BARBER, P.C.
          1127 Auraria Parkway, Suite 5
          Denver, CO 80204
          Tel: 303-894-0880
          Fax: 720-904-5755
          Email: phillipbarber@aol.com

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

                    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.


ULTRA PETROLEUM: McCarter & English Updates on Equity Group
-----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of McCarter & English submitted an amended verified
statement to disclose an updated list of the Ad Hoc Equity Group
that it is representing in the Chapter 11 cases of Ultra Petroleum
Corp., et. al.

In July of 2020, McCarter & English was retained to represent the
ad hoc Equity Group in connection with the bankruptcy proceedings
of the Debtor and certain affiliates.

As of July 28, 2020, members of the Ad Hoc Equity Group and their
disclosable economic interests are:

                                          Number of Shares of
                                         Equity Interests Held
                                         ---------------------

Charles Viscito                               600,000
5702 NW 48th Court
Coral Springs, Florida 33067

Rengan Rajaratnam                            4,579,001
5255 Collins Avenue, Apt 9E
Miami Beach, Florida 33140

David Daniel Eberle                           208,391
1750 30th St #114
Boulder, Colorado 80301

Keyonna M Anderson                            160,000
2951 S. King Drive, Apt 907
Chicago, Illinois 60616

Marincic Property Company LLC                 285,488
c/o Brian Marincic
P.O. Box 489
Rock Springs, Wyoming 82901

Susan & Scott Backry                           59,910
4506 Island Drive
Midland, Texas 79707

WindPower Supply Co.                          183,528
c/o Scott Backry
4506 Island Drive
Midland, Texas 79707

Douglas Zeltmann                               221,520
906 W Cuthbert Ave.
Midland, Texas 79701

Daniel Backry                                  100,000
6713 Commonwealth Road
Midland, Texas 79707

Nothing contained in this Amended Statement is intended to or
should be construed to constitute (a) a waiver or release of any
claims filed or to be filed against the Debtors, or (b) an
admission with respect to any fact or legal theory. Nothing herein
should be construed as a limitation upon, or waiver of, any rights
of any member of the ad hoc Equity Group to assert, file and/or
amend any proof of claim/proof of interest in accordance with
applicable law and any orders entered in these cases.

Counsel reserves the right to amend or supplement this Amended
Statement as necessary in accordance with Bankruptcy Rule 2019.

Counsel for the Ad Hoc Equity Group can be reached at:

          McCARTER & ENGLISH, LLP
          David J. Adler, Esq.
          825 8th Avenue
          31st Floor
          New York, NY 10019
          Tel: (212) 609-6800
          E-mail: dadler@mccarter.com

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

                    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.


UNITED RESOURCE: Cheryl Gilliam Objects to Plan & Disclosures
-------------------------------------------------------------
Cheryl Gilliam, a/k/a Cheryl Guth, objects to final approval of the
Disclosure Statement and confirmation of the Plan of Reorganization
of Debtor United Resource, LLC.

Gilliam asserts that:

   * The Plan of Reorganization submitted to the Court is based, in
part, upon misrepresentations made by the Debtor at the time of the
Bankruptcy filing Cheryl Gilliam a/k/a Cheryl Guth was an insider
as defined by 11 U.S.C. Section 101(31).

   * The U.S.C. Section 523(15) precludes the bankruptcy discharge,
to the extent those monies are owed by the Debtor, for payments to
Cheryl Gilliam a/k/a Cheryl Guth pursuant to the Consent Judgment
of Divorce.

Cheryl Gilliam requests the Court deny final approval of the
Disclosure Statement and the Plan of Reorganization to the extent
they allow for the discharge by the Debtor and/or David Guth for
monies owed to Cheryl Gilliam pursuant to the September 10, 2018
Consent Judgment of Divorce.

A copy of Cheryl Gilliam's objection to disclosure and plan dated
June 25, 2020, is available at https://tinyurl.com/yc8grak3 from
PacerMonitor at no charge.

Attorney for Cheryl Gilliam:

        DOMINIC SILVESTRI, PLLC
        Dominic Silvestri
        David B. Trivax
        37911 W 12 Mile Road
        Farmington Hills, MI 48331
        Tel: (248) 633-2666
        E-mail: dominic@dslawpllc.com
                dtrivax@serlintrivax.com

                    About United Resource

United Resource, LLC -- https://www.unitedresourcellc.com/ --
specializes in a full array of environmental services to industrial
and municipal clients.  It provides slurry management, storm water
management, property maintenance, inspections and consulting,
vacuum truck services, snow removal, sewer cleaning and televising,
and waterblasting services.

United Resource sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 20-43856) on March 15,
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 Maria L. Oxholm oversees the case.  Schafer and
Weiner, PLLC, is the Debtor's legal counsel.


UNIVERSAL TOWERS: Seeks to Hire Burr & Forman as Counsel
--------------------------------------------------------
Universal Towers Construction, Inc. seeks authority from the United
States Bankruptcy Court for the Middle District of Florida to hire
Eric S. Golden, Esq. and Christopher R. Thompson, Esq., and the law
firm of Burr & Forman LLP as its counsel.

Legal services anticipated to be provided by Burr & Forman are:

     a. advising as to the Debtor's rights and duties in this
case;

     b. preparing pleadings and filings related to this case,
including Schedules, Statement of Financial Affairs, a disclosure
statement, and a plan of reorganization; and

     c. taking any and all other necessary action incident to the
proper preservation and administration of this estate.

Burr & Forman represents no interest adverse to the Debtor or to
the estate in matters upon which it is to be engaged, and is a
"disinterested person" as that term is defined in section 101(14)
of the Bankruptcy Code, as
modified by section 1107(b) of the Bankruptcy Code, according to
court filings.

Burr & Forman's hourly rates are:

     Partners / Counsel    $350-$550
     Associates            $200-$350
     Paralegals            $175-$225

     Mr. Thompson          $325
     Mr. Golden            $500

Mr. Golden, a partner at Burr & Forman, disclosed in a court filing
that his firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

Burr & Forman can be reached through:

     Eric S. Golden, Esq.
     Christopher R. Thompson, Esq.
     Burr & Forman LLP
     420 N 20th Street, Suite 3400
     Birmingham, AL 35203
     Tel: 205 458-5367
     Fax: 205-458-5100
     Email: egolden@burr.com
            crthompson@burr.com

               About Universal Towers Construction, Inc.

Universal Towers Construction, Inc. is a privately held company in
the traveler accommodation industry.

Universal Towers Construction, Inc. filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla.
Case No. 20-03799) on July 3, 2020. The petition was signed by Lis
R. Oliveira-Sommerville, president. At the time of filing, the
Debtor etimated $10 million to $50 million in both assets and
liabilities. Eric S. Golden, Esq. at BURR & FORMAN LLP represents
the Debtor as counsel.


UNIVERSAL TOWERS: Seeks to Hire Withumsmith+Brown as Accountant
---------------------------------------------------------------
Universal Towers Construction, Inc. seeks authority from the United
States Bankruptcy Court for the Middle District of Florida to hire
Withumsmith+Brown, PC, as its accountants and financial advisors.

The professional services that Withum will render are:

     a. assist in the preparation of Debtor's tax returns;

     b. assist in preparation of monthly accounting including the
Debtor's Monthly Operating Report, to the extent such assistance is
necessary;

     c. assist in preparation of cash flow forecasts, valuations
and financial advisory services necessary in the case, including in
connection with formulating a Plan;

     d. attend meetings with the Debtor, and with federal, state
and local tax authorities, if requested;

     f. assist with preparation of Debtor's schedules and statement
of financial affairs; and

     g. render such other assistance in the nature of accounting
services, Auditing, financial consulting or other financial
projects as the Debtor may require.  

The hourly rate that Withum will charge are:

     Partners & Principles         $225 to $890
     Managers & Senior Managers    $220 to $630
     Supervisors                   $210 to $475
     Seniors                       $175 to $335
     Staff Accountants             $175 to $240
     Para-Professionals            $100 to $370

Specifically the hourly rates for Russell Goldberg is $485, James
Rickard is $445 and Kenneth DeGraw is $630.

Kenneth DeGraw, CPA, partner with the firm Withum, attests that
Withum and its representatives are "disinterested persons" as that
phrase is defined in 11 U.S.C. Sec. 101(14), and has no interest
adverse to the Debtor or to the estate of the Debtor on the matters
in which the firm is to be engaged.  

The firm can be reached through:

     Kenneth DeGraw, CPA
     Withumsmith+Brown, PC
     200 Jefferson Park, Suite 400
     Whippany, NJ 07981
     Phone: (973) 898 9494
     Fax: (973) 898 0686

                About Universal Towers Construction, Inc.

Universal Towers Construction, Inc. is a privately held company in
the traveler accommodation industry.

Universal Towers Construction, Inc. filed a voluntary petition for
relief
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
20-03799) on July 3, 2020. The petition was signed by Lis R.
Oliveira-Sommerville, president. At the time of filing, the Debtor
etimated $10 million to $50 million in both assets and liabilities.
Eric S. Golden, Esq. at BURR & FORMAN LLP represents the Debtor as
counsel.


UPGRADE LABS: Hires Grobstein Teeple as Financial Advisor
---------------------------------------------------------
Upgrade Labs Inc., seeks authority from the U.S. Bankruptcy Court
for the Central District of California to employ Grobstein Teeple
LLP, as financial advisor to the Debtor.

Upgrade Labs requires Grobstein Teeple to:

   a. obtain and evaluate financial records;

   b. evaluate assets and liabilities of the Debtor and Estate;

   c. evaluate tax issues related to the Debtor and Estate;

   d. prepare tax returns;

   e. provide litigation consulting if required; and

   f. provide accounting and consulting services requested by the
      Debtor and its counsel.

Grobstein Teeple will be paid at these hourly rates:

     Partners/Principals                $315 to $505
     Managers/Directors                 $275 to $350
     Staffs/Senior Accountants          $150 to $225
     Paraprofessionals                   $85 to $125

Grobstein Teeple will be paid a retainer in the amount of $10,000.

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

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

Grobstein Teeple can be reached at:

     Howard B. Grobstein
     GROBSTEIN TEEPLE LLP
     6300 Canoga, Suite 1500W
     Woodland Hills, CA 91367
     Tel: (816) 532-1020

                     About Upgrade Labs

Upgrade Labs Inc. -- https://upgradelabs.com/ -- owns and operates
Bulletproof Cafe, a biohacking and recovery facility and the
brainchild of Dave Asprey. Its cutting-edge technologies center
around helping patients recover, detoxify, and boost their immune
systems.

Upgrade Labs sought Chapter 11 protection (Bankr. C.D. Cal. Case
No. 20-15422) on June 16, 2020.  The petition was signed by Upgrade
Labs President Miranda Cameron.  At the time of the filing, the
Debtor disclosed total assets of $4,250,091 and total liabilities
of $3,980,146.  Judge Sheri Bluebond oversees the case.

The Debtor has tapped Goe Forsythe & Hodges LLP as it legal counsel
and Armory Consulting Company as its financial advisor.


VERITY HEALTH: California Department Objects to Plan & Disclosures
------------------------------------------------------------------
California Department of Health Care Services objects to the
proposed Disclosure Statement and Amended Joint Chapter 11 Plan of
Liquidation of Verity Health System of California, Inc. and its
debtor affiliates, and states as follows:

   * The proposed Disclosure Statement fails to even reference the
status of the resolution of the Department's claim for Seton's
Medi-Cal debt as it relates to the transfer of Seton's Medi-Cal
Provider Agreement.  Such resolution could materially impact the
sale of Seton and must be disclosed as such in the Disclosure
Statement.

   * The proposed Disclosure Statement does not even reference the
status of the resolution of the Department’s claim for St.
Francis's Medi-Cal debts as its relates to the transfer of St.
Francis's Medi-Cal Provider Agreement.  Such resolution could
materially impact the sale of St. Francis and must be disclosed as
such in the Disclosure Statement.

   * The Debtors must revise Section V(H)(2) of the proposed
Disclosure Statement to delete its misrepresentation of the
Department's appeal with regard to the transfer of St. Vincent's,
Seton's and St. Francis's MediCal Provider Agreements to SGM, in a
sale that has since failed.

A full-text copy of California Department's objection to Plan and
Disclosure Statement dated June 23, 2020, is available at
https://tinyurl.com/y7zlmu2s from PacerMonitor.com at no charge.

Attorneys for Creditor California Department of Health:

         XAVIER BECERRA
         Attorney General of California
         JENNIFER M. KIM
         Supervising Deputy Attorney General
         KENNETH K. WANG
         Deputy Attorney General

                    About Verity Health System

Verity Health System -- https://www.verity.org/ -- operates as a
non-profit health care system in the state of California, with
approximately 1,680 inpatient beds, six active emergency rooms, a
trauma center, and a host of medical specialties, including
tertiary and quaternary care.  Verity's two Southern California
hospitals are St. Francis Medical Center in Lynwood and St. Vincent
Medical Center in Los Angeles.  In Northern California, O'Connor
Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton
Medical Center in Daly City and Seton Coastside in Moss Beach are
part of Verity Health.  Verity Health also includes Verity Medical
Foundation.  

With more than 100 primary care and specialty physicians, VMF
offers medical, surgical and related healthcare services for people
of all ages at community-based, multi-specialty clinics
conveniently located in areas served by the Verity hospitals.
Verity Health System was created in a transaction approved by
California Attorney General Kamala Harris and completed in December
2015.

Verity Health System of California, Inc., and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Lead Case No. 18-20151) on Aug. 31, 2018.  In the petition
signed by CEO Richard Adcock, Verity Health estimated assets of
$500 million to $1 billion and liabilities of $500 million to $1
billion.  

Judge Ernest M. Robles presides over the cases.

The Debtors tapped Dentons US LLP as their bankruptcy counsel;
Berkeley Research Group, LLC, as financial advisor; Cain Brothers
as investment banker; and Kurtzman Carson Consultants as claims
agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Sept. 17, 2018.


VERITY HEALTH: Dept. of HHS Objects to Plan & Disclosures
---------------------------------------------------------
The United States, on behalf of the U.S. Department of Health and
Human Services ("Dep't of HHS") and the Centers for Medicare and
Medicaid Services ("CMS") (collectively, "HHS"), objects to the
proposed Disclosure Statement describing Amended Joint Chapter 11
Plan of Liquidation of Verity Health System of California, Inc. and
its debtor affiliates, and states as follows:

   * The Disclosure Statement also should not be approved because
it lacks adequate information.  Section 1125(b) of the Bankruptcy
Code requires a disclosure statement to provide "adequate
information" to be approved.

   * The Disclosure Statement cannot be approved because it fails
to provide adequate information concerning matters that are
important to HHS and the Debtors’ creditors in their evaluation
of whether to vote for or against the Plan.

   * The Disclosure Statement fails to include any mention of the
HHS Claims or that HHS is a creditor in this case, and it also
fails to include the secured nature of the HHS Claims to the extent
of its setoff claims.  The Disclosure Statement should be denied
(or amended) for failure to provide sufficient information
concerning the secured status of the HHS Claims and the potential
impairment of other secured creditors' claims.

A full-text copy of the United States' objection to Plan and
Disclosure Statement dated June 23, 2020, is available at
https://tinyurl.com/y8goa3le from PacerMonitor.com at no charge.

                    About Verity Health System

Verity Health System -- https://www.verity.org/ -- operates as a
non-profit health care system in the state of California, with
approximately 1,680 inpatient beds, six active emergency rooms, a
trauma center, and a host of medical specialties, including
tertiary and quaternary care.  Verity's two Southern California
hospitals are St. Francis Medical Center in Lynwood and St. Vincent
Medical Center in Los Angeles.  In Northern California, O'Connor
Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton
Medical Center in Daly City and Seton Coastside in Moss Beach are
part of Verity Health.  Verity Health also includes Verity Medical
Foundation.  

With more than 100 primary care and specialty physicians, VMF
offers medical, surgical and related healthcare services for people
of all ages at community-based, multi-specialty clinics
conveniently located in areas served by the Verity hospitals.
Verity Health System was created in a transaction approved by
California Attorney General Kamala Harris and completed in December
2015.

Verity Health System of California, Inc., and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Lead Case No. 18-20151) on Aug. 31, 2018.  In the petition
signed by CEO Richard Adcock, Verity Health estimated assets of
$500 million to $1 billion and liabilities of $500 million to $1
billion.  

Judge Ernest M. Robles presides over the cases.

The Debtors tapped Dentons US LLP as their bankruptcy counsel;
Berkeley Research Group, LLC, as financial advisor; Cain Brothers
as investment banker; and Kurtzman Carson Consultants as claims
agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Sept. 17, 2018.


VERITY HEALTH: Seeks to Tap ASK LLP as Special Counsel
------------------------------------------------------
Verity Health System of California, Inc. and its affiliates seek
approval from the U.S. Bankruptcy Court for the Central District of
California to employ ASK LLP as their special counsel.

The firm will render the following services:

     (a) Pre-Suit. Time permitting, ASK attempts to recover claims
before an adversary proceeding is commenced and expenses are
incurred. To procure settlements, ASK sends a demand package
consisting of the identification of the transfers at issue, an
explanation of the cause of action and any new value that may
reduce the preference exposure. ASK attempts to make phone contact
with every recipient of a preference demand to verify the package
is in the right hands and to encourage the settlement option. As
part of the settlement process, ASK may share certain preference
analysis reports.

     (b) Suit. Once an action is commended, ASK usually serves a
summons and complaint, a cover letter, and appropriate local forms
such as a notice of dispute resolution alternatives. ASK again
attempts to make phone contact with every recipient of a lawsuit to
verify the package is in the right hands and to encourage the
settlement option.

The Debtors will compensate the firm as follows:

     (a) Pre-Suit: ASK shall earn legal fees on a contingency basis
of 15 percent of the cash value of any recoveries and the cash
equivalent value of any claim waiver obtained from a potential
defendant of a preference action after ASK issues a demand letter
but prior to initiating a preference action proceeding against such
defendant.

     (b) Post Suit: ASK shall earn legal fees on a contingency
basis of 22.5 percent of the cash value of any recoveries and the
cash equivalent value of any claim waiver obtained in connection
with the settlement of any preference action after ASK initiates
such preference action proceeding but prior to obtaining a judgment
in connection therewith.

     (c) Post Judgment: ASK shall earn legal fees on a contingency
basis of 27.5 percent of the cash value of any recoveries and the
cash equivalent value of any claim waiver obtained from a
preference action defendant after ASK obtains a judgment against
such defendant.

Joseph Steinfield Jr., co-managing principal at ASK, disclosed in
court filings that the firm is a "disinterested person" within the
meaning of Bankruptcy Code section 101(14).

The firm can be reached through:
   
     Joseph L. Steinfield, Jr., Esq.
     ASK LLP
     2600 Eagan Woods Drive, Suite 400
     St. Paul, MN 55121
     Telephone: (651) 406-9665
     Facsimile: (651) 406-9676
     Email: jsteinfield@askllp.com

             About Verity Health System of California

Verity Health System operates as a non-profit health care system in
the state of California, with 1,680 inpatient beds, six active
emergency rooms, a trauma center, and a host of medical
specialties, including tertiary and quaternary care.  Verity's two
Southern California hospitals are St. Francis Medical Center in
Lynwood and St. Vincent Medical Center in Los Angeles.  In Northern
California, O'Connor Hospital in San Jose, St. Louise Regional
Hospital in Gilroy, Seton Medical Center in Daly City and Seton
Coast side in Moss Beach are part of Verity Health.  Verity also
includes Verity Medical Foundation.  Visit https://www.verity.org
for more information  

With more than 100 primary care and specialty physicians, VMF
offers medical, surgical and related healthcare services for people
of all ages at community-based, multi-specialty clinics
conveniently located in areas served by the Verity hospitals.

Verity was created in a transaction approved by California Attorney
General Kamala Harris and completed in December 2015.

On Aug. 31, 2018, Verity Health System of California, Inc. and its
affiliates sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Lead Case No. 18-20151). In the petition
signed by CEO Richard Adcock, Verity Health estimated assets of
$500 million to $1 billion and liabilities of $500 million to $1
billion.  

Judge Ernest M. Robles oversees the cases.

Debtors have tapped Dentons US LLP as their bankruptcy counsel;
Pachulski Stang Ziehl & Jones LLP as co-counsel with Dentons; ASK
LLP as special counsel; Berkeley Research Group, LLC as financial
advisor; Cain Brothers as investment banker; and Kurtzman Carson
Consultants as claims agent.

The official committee of unsecured creditors appointed in Debtors'
cases retained Milbank, Tweed, Hadley & McCloy LLP as its legal
counsel.

Jacob Nathan Rubin was appointed as patient care ombudsman. He is
represented by Levene, Neale, Bender, Yoo & Brill L.L.P.


VOSSEKUIL PROPERTIES: Hires Steinhilber Swanson as General Counsel
------------------------------------------------------------------
Vossekuil Properties LLC seeks authority from the US Bankruptcy
Court for the Eastern District of Wisconsin to employ the law firm
Steinhilber Swanson LLP as its general bankruptcy counsel.

Vossekuil requires Steinhilber to:

     a. prepare bankruptcy schedules and statements;

     b. prepare and file a motion to approve refinance loan on
certain properties;

     c. assist in preparing the disclosure statement and plan of
reorganization and attendant negotiations and hearings;

     d. prepare and review pleadings, motions and correspondence;

     e. appear at and being involved in various proceedings before
this Court;

     f. handle case administration tasks and dealing with
procedural issues;

     g. assist the Debtor-in-Possession with the commencement of
DIP operations, including the 341 Meeting and monthly reporting
requirements; and

     h. analyze claims and prosecuting claim objections.

The hourly rates of attorneys and paraprofessionals of the firm who
are expected to perform work on this file currently range from $120
to $495 per hour.

John W. Menn, Esq. of Steinhilber, assures the court that the firm
does not hold or represent any interest adverse to the Debtor or
its Chapter 11 estate, its creditors, or any other party in
interest and is a "disinterested person" as that term is defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     John W. Menn, Esq.
     Steinhilber Swanson LLP
     122 W. Washington, Suite 850
     Madison, WI 53703
     Tel: 608-630-8990

                       About Vossekuil Properties LLC

Vossekuil Properties LLC sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 20-24880) on
July 14, 2020, listing under $1 million in both assets and
liabilities. John W. Menn, Esq. at Steinhilber Swanson LLP
represents the Debtor as counsel.



WELLS FARGO 2015-LC22: Fitch Cuts Rating on 2 Tranches to CCC
-------------------------------------------------------------
Fitch Ratings has downgraded two and affirmed 11 classes of Wells
Fargo Commercial Mortgage Trust, series 2015-LC22. In addition,
Fitch has revised the Rating Outlook on classes E and X-E to
Negative from Stable.

WFCM 2015-LC22

  - Class A-3 94989TAY0; LT AAAsf; Affirmed

  - Class A-4 94989TAZ7; LT AAAsf; Affirmed

  - Class A-S 94989TBB9 LT AAAsf; Affirmed

  - Class A-SB 94989TBA1; LT AAAsf; Affirmed

  - Class B 94989TBE3; LT AA-sf; Affirmed

  - Class C 94989TBF0; LT A-sf; Affirmed

  - Class D 94989TBH6; LT BBB-sf; Affirmed

  - Class E 94989TAL8; LT BB-sf; Affirmed

  - Class F 94989TAN4; LT CCCsf; Downgrade

  - Class PEX 94989TBG8; LT A-sf; Affirmed

  - Class X-A 94989TBC7; LT AAAsf; Affirmed

  - Class X-E 94989TAA2; LT BB-sf; Affirmed

  - Class X-F 94989TAC8; LT CCCsf; Downgrade

KEY RATING DRIVERS

Relatively Stable Performance/Increased Loss Expectations: Although
overall pool performance remains generally stable, loss
expectations have increased due to several Fitch Loans of Concern
(FLOC). Fitch has identified 16 FLOCs (19.2%) due to deteriorating
performance or expected performance declines from the coronavirus
pandemic. Four (10.9%) are within the top 15. There are seven loans
(6.3%) in special servicing, most of which are recent transfers and
have cited hardships stemming from the coronavirus pandemic and
associated economic shutdown.

Fitch Loans of Concern: The largest FLOC is the fourth largest
loan, Townline Square (3.6%), which is secured by a power center
located in Meriden, CT. The property is anchored by Burlington Coat
Factory (20% NRA, expires May 2024), Big Y Foods (18% NRA, expires
December 2031), and Fitness Edge (11% NRA, expires July 2029). As
of the March 2020 rent roll, the property was 90.8% occupied, which
is down from 100% at YE 2018. The latest YE 2019 servicer reported
NOI DSCR was 1.42x. Additionally, there is limited near term
rollover through 2022. Fitch's analysis included an additional NOI
stress given performance concerns associated with the coronavirus
pandemic.

West Palm Beach Marriott (3.3%) is secured by a 352 room full
service hotel located in West Palm Beach, FL. The property has
several amenities including a pool and both indoor and outdoor
meeting space. The property is located adjacent to the Kravis
Center for the Performing Arts and Palm Beach County Convention
Center, and is approximately three miles from the international
airport. As of year-end 2019 reporting, the hotel's occupancy, ADR,
and RevPAR were 80.3%, $159, and $128, respectively. Fitch's
analysis included an additional NOI stress given performance
concerns associated with the coronavirus pandemic.

San Diego Park N' Fly (2.5%) is secured by an 860-space parking
garage located in San Diego, CA. The property is located two miles
from the San Diego International Airport and provides continuous
shuttle service to the terminals. At issuance the airport was
considered under parked, and The City of San Diego recently
constructed a 3,000-space parking garage attached to one of the
terminals, which acts as direct competition to the subject. Fitch's
analysis included an additional NOI stress given the property's
reliance on air travel. Property performance improved during 2019
after several years of underperformance and NOI DSCR increased to
1.37x at YE 2019, up from 0.93x and 0.71x at YE 2018 and 2017,
respectively. However, Fitch does not consider the performance
improvement sustainable due to the effects of the coronavirus on
air travel. Additionally, the loan has missed the May, June, and
July 2020 payments; watchlist comments from July indicate a default
letter was sent.

Clearwater Collection (1.5%) is the largest specially serviced
loan. The loan is secured by an anchored community retail center
located in Clearwater, FL. The loan transferred to special
servicing in July 2018 after the sponsor was indicted on securities
fraud by the Attorney General of Colorado in April 2018. The second
largest tenant, LA Fitness (33% NRA; lease expires in March 2025)
went dark in 2019. Efforts to sell the property were unsuccessful,
and the special servicer has put a receiver in place and has
initiated the foreclosure proceedings.

The remaining FLOCs were flagged for expected performance declines
given the increased pressure on property performance from the
coronavirus pandemic. Six specially serviced loans (4.7%) are all
secured by hotel properties and have all transferred between April
and June 2020; all of the borrowers have cited performance issues
related to the coronavirus. The special servicer continues to
gather information and work through relief requests/workout
strategies.

Increasing Credit Enhancement: Credit enhancement has increased
since Fitch's last rating action, primarily due to the repayment of
three loans totaling $44.5 million, including the previously fifth
largest loan, Sandpiper Apartments. As of the July 2020 remittance
report, the pool's aggregate balance has been reduced by 9.7% to
$870.5 million from $963.7 million at issuance. Six loans (11.3%)
are defeased, including the third largest loan Somerset Park
Apartments. Ten loans (5.9%) are full term interest only and 33
loans (55.3%) are structured with partial interest only periods;
eight of which remain in their interest only period.

Coronavirus Exposure: Significant economic impact to certain
hotels, retail, and multifamily properties have materialized as a
result of reductions in travel and tourism, temporary property
closures and lack of clarity on the potential duration of the
pandemic. The pandemic has prompted the closure of several hotel
properties in gateway cities as well as malls, entertainment venues
and individual stores. In the current pool, there are 28 loans
(22.6%) that are secured by retail properties, 19 loans (14.7%)
that are secured by hotel properties and 20 loans (26%) that are
secured by multifamily properties. Fitch's base case analysis
applied an additional NOI stress to 10 retail loans (10.9%), 14
hotel loans (12%) and one multifamily loan (1.1%) that did not meet
certain performance thresholds.

Co-Op Collateral: The deal contains a total of nine loans (4.3%)
that are secured by multifamily cooperatives, including the 12th
largest loan, Birchwood Glen Owners Corp (2.1%). All of the
properties are located within the greater New York City metro area.
At issuance the weighted average Fitch DSCR and LTV for the co-op
loans were 7.37x and 33.1%, respectively.

Investment-Grade Credit Opinion Loan: The current second largest
loan in the pool, 40 Wall Street (9.5%) received an
investment-grade credit opinion of 'BBB-sf'* on a stand-alone basis
at issuance.

RATING SENSITIVITIES

The downgrade to classes F and X-F are due to increased loss
expectations with respect to Clearwater Collection, in addition to
the recent transfer of several loans to special servicing. The
Negative Outlook on classes E and X-E reflect the potential for
downgrades given continued concerns regarding the San Diego Park N'
Fly loan and increased number of FLOCs. Additionally,
property-level cash flow concerns, particularly of hotel and retail
properties, as a result of the coronavirus-related economic
slowdown have also been factored into Fitch's analysis. Retail and
lodging represent 22.6% and 14.7%, respectively. The Stable Rating
Outlooks on classes A-1 through D reflect increasing credit
enhancement, continued amortization and generally stable loss
expectations, despite the increase in FLOCs.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:

Sensitivity factors that lead to upgrades would include stable to
improved asset performance coupled with paydown and/or defeasance.
Upgrades to classes B and C would likely occur with significant
improvement in credit enhancement and/or defeasance. However,
adverse selection, increased concentrations or the underperformance
of particular loan(s) may limit the potential for future upgrades.
An upgrade to class D is considered unlikely and would be limited
based on the sensitivity to concentrations or the potential for
future concentrations. Classes would not be upgraded above 'Asf' if
there is a likelihood for interest shortfalls. Upgrades to classes
E and F are not likely until the later years of the transaction,
and only if the performance of the remaining pool is stable and/or
properties vulnerable to the coronavirus return to pre-pandemic
levels, and there is sufficient credit enhancement to the class.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:

Sensitivity factors that lead to downgrades include an increase in
pool level losses from underperforming or specially serviced loans.
Downgrades to the senior A-3, A-4, A-SB, and A-S classes, along
with class B are not expected given the position in the capital
structure and sufficient credit enhancement, but may occur should
interest shortfalls occur or losses increase considerably. A
downgrade to classes C and D may occur should several loans
transfer to special servicing and/or as pool losses significantly
increase. A downgrade to class E is likely should the performance
of the FLOCs fail to stabilize. A downgrade to class F would occur
as losses materialize and credit enhancement becomes eroded.

In addition to its baseline scenario, Fitch also envisions a
downside scenario where the health crisis is prolonged beyond 2021;
should this scenario play out, Fitch expects that a greater
percentage of classes may be assigned a Negative Rating Outlook or
those with Negative Rating Outlooks will be downgraded one or more
categories.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Structured Finance
transactions have a best-case rating upgrade scenario (defined as
the 99th percentile of rating transitions, measured in a positive
direction) of seven notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of seven notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings
are based on historical performance.

USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G -10

No third-party due diligence was provided or reviewed in relation
to this rating action.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

The highest level of ESG credit relevance, if present, is a score
of 3. This means ESG issues are credit-neutral or have only a
minimal credit impact on the entity(ies), either due to their
nature or to the way in which they are being managed by the
entity(ies).


WESCO AIRCRAFT: Moody's Hikes CFR to Caa3, Outlook Still Negative
-----------------------------------------------------------------
Moody's Investors Service downgraded its ratings for Wesco Aircraft
Holdings, Inc. (New), including the company's corporate family
rating (CFR, to Caa3 from Caa1) and probability of default rating
(to Caa3-PD from Caa1-PD), as well as the ratings for its senior
secured notes (to Caa3 from Caa1) and senior unsecured notes (to Ca
from Caa3). The ratings outlook remains negative.

RATINGS RATIONALE

The downgrades reflect Moody's expectation of pronounced earnings
and cash flow pressures during 2020 due to disruptions from the
aftermath of the coronavirus crisis. These disruptions will be
particularly evident in Wesco's commercial aerospace end-markets,
which represent about 70% of company sales. The downgrades also
consider Wesco's weak credit metrics (Moody's adjusted
debt-to-EBITDA in excess of 10x), limited availability under the
revolver, as well as near-term working capital requirements and the
company's high interest burden, which will both result in a very
meaningful consumption of cash over the remainder of 2020.

The Caa3 CFR balances Wesco's position as a leading services
provider and distributor to the aerospace and defense industries
against the company's aggressive governance evidenced by its high
tolerance for financial risk and weak balance sheet with a thin
capitalization. The large-sized combination of Wesco and Pattonair
creates near-term execution and integration risk in an industry
where inventory optimization and consistent on-time customer
deliveries are of paramount importance. This elevated risk is
against a backdrop of a highly leveraged balance sheet with modest
cash reserves and pending earnings and cashflow headwinds from the
coronavirus outbreak. The difficult operating environment, which is
likely to endure for some time, combined with a poorly capitalized
balance sheet and expectations of negative free cash flow, give
rise to the possibility of some form of default over the next 12 to
24 months.

The rapid spread of the coronavirus outbreak, the 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.
Notwithstanding some early signs that the adverse impact of the
coronavirus outbreak on Wesco and the deterioration in credit
quality that it triggered may be relatively short-lived and
subsiding, the company remains vulnerable to shifts in market
demand and changing sentiment in these unprecedented operating
conditions.

The negative outlook reflects the uncertainty as to the depth and
duration of the disruptive effects of the coronavirus as well as
Moody's expectation that, at a minimum, the virus will create
meaningful earnings headwinds and a resultant weakening of key
credit metrics through at least the end of 2020.

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

Any upgrade would be predicated on Wesco improving its liquidity
profile with expectations of limited cash burn and improved
borrowing availability under the revolving credit facility. Strong
execution on the Pattonair transaction that results in the
realization of targeted synergies and meaningful earnings growth
would also be necessary for any ratings upgrade.

Factors that could lead to a downgrade include a weakening
liquidity profile involving the expectation of cash usage during
2020 beyond what is currently contemplated, a diminishment of
capacity under the ABL facility or an anticipated breach of
financial covenants. An inability to increase inventory turns in
the legacy Wesco operations could also result in a downgrade. An
inability to realize targeted synergies, the loss of a large
customer, poor execution on the Pattonair transaction or operating
issues that resulted in lower customer service levels could also
result in a downgrade.

The following summarizes its rating actions:

Issuer: Wesco Aircraft Holdings, Inc. (New)

  Corporate Family Rating, downgraded to Caa3 from Caa1

  Probability of Default Rating, downgraded to Caa3-PD from
Caa1-PD

  Senior Secured Regular Bond/Debenture, downgraded to Caa3 (LGD3)
from Caa1 (LGD3)

  Senior Unsecured Regular Bond/Debenture, downgraded to Ca (LGD5)
from Caa3 (LGD5)

  Outlook, Remains Negative

Wesco Aircraft Holdings, Inc., headquartered in Valencia,
California, is a leading distributor and provider of supply chain
management services to the global aerospace industry. Services
include the distribution of C-class hardware, chemical and
electrical products as well as quality assurance, kitting,
just-in-time delivery and point-of-use inventory management.
Pattonair, headquartered in Derby, UK, is a leading supply chain
management services provider focusing on parts distribution as well
as sourcing and procurement, forecasting and inventory planning,
supplier management, and operations and quality assurance. The
combined companies will offer more than 640,000 active SKUs and are
expected to have pro forma revenues of about $2.2 billion for the
twelve months ended March 2020.

The principal methodology used in these ratings was Aerospace and
Defense Methodology published in July 2020.


WESTERN GLOBAL: Moody's Assigns First Time B2 CFR, Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to Western
Global Airlines, LLC, including a B2 Corporate Family Rating and a
B3 long-term rating to the company's proposed senior unsecured
notes due 2025. The proceeds of the senior unsecured notes, those
from a new $80 million term loan A (unrated) and approximately $30
million of cash will be used to fund the purchase of a portion of
shares from its existing shareholders on behalf of an employee
share ownership trust. The outlook is stable.

"Western Global has recently benefited from the increased demand
for its global air cargo services as a large portion of passenger
aircraft, which has capacity for air cargo, has been grounded
because of the coronavirus pandemic," said Inna Bodeck, a vice
president at Moody's Investors Service. " However, the company has
yet to demonstrate consistent operating results and the ability to
operate with financial leverage, albeit relatively low, at the time
when the company is experiencing a shift in ownership with
associated changes to its corporate governance arrangements," Ms
Bodeck added.

Assignments:

Issuer: Western Global Airlines, LLC

Corporate Family Rating, Assigned B2

Senior Unsecured Regular Bond/Debenture, Assigned B3 (LGD4)

Outlook Actions:

Issuer: Western Global Airlines, LLC

Outlook, Assigned Stable

RATINGS RATIONALE

Western Global's B2 CFR reflects its good market position in the
niche segment of global air freight services, recent significant
revenue and earnings gains, and Moody's expectation that the
company will achieve positive free cash flow over the next 12-18
months. These credit strengths are tempered by its modest scale,
volatile operating history, aged fleet composition, high customer
concentration and negative tangible equity.

Moody's believes that the revenue and earnings gains will slow,
with the gradual rebound of passenger air travel, which will
progressively increase cargo capacity because typically a portion
of the belly-space of passenger aircraft is utilized for cargo
services. Moody's projects that Western Global's debt-to-EBITDA
leverage (4.2x as of June 30, 2020 incorporating Moody's standard
adjustments and pro-forma for the new financing transaction) will
decline to approximately 3.5x over the next 12 months, as the
company continues to benefit from the shortage in air cargo
capacity globally. However, leverage is vulnerable based on
anticipated EBITDA volatility.

Although historically Western Global has focused on providing
aircraft, crew, maintenance, and insurance services, in the last
six months the company has increased its offering of charter
services, which accounted for approximately 60% of revenue for the
six months ending June 30, 2020. Charter services include all of
the services that are provided under an ACMI arrangement and also
include fuel, ground and cargo handling, landing and parking fees.
Also, contracts for these services are typically short in nature
with the longest tenure of less than a year, which can create
volatility in the operating performance.

Western Global's high customer concentration (the top 5 clients
represented 65% of revenue for year-to-date May 15, 2020), albeit
declining, can also create volatility in its operating performance.
Western Global's reliance on very large airlines, logistics
companies and U.S. Department of Defense for revenue results in
limited pricing power. Western Global typically has contractual
arrangements with its largest customers, although they are mostly
six to 12 months long.

A further credit challenge is Western Global's negative tangible
common equity, reflecting a nearly $523 million negative equity
change associated with the purchase of a portion of shares from its
existing shareholders on behalf of the employee share ownership
trust. On the positive side, Western Global's ratio of debt to
EBITDA of 4.2x as of June 30, 2020 was stronger than most rated
aircraft leasing companies, reflecting the strength of Western
Global's recent improvement in operating margins. Moody's further
expects that Western Global will utilize its cash flow to
appropriately balance fleet growth and strengthen its financial
position over the next 12-18 months.

Western Global has an adequate liquidity position supported by cash
on the balance sheet ($35 million as of June 30, 2020) and
availability under a $40 million secured revolving credit
facility.

Moody's rated Western Global's senior unsecured notes B3, one notch
lower than the CFR, reflecting the notes' unsecured priority
relative to secured term loan A, and proportion in Western Global's
capital structure. The senior unsecured notes will be guaranteed on
a senior unsecured basis by Western Global and certain restricted
subsidiaries of Western Global.

The stable outlook reflects Moody's expectations of consistent
improvement in earnings as the company benefits from the increase
in global shipments via its air freight services. It also
anticipates that Western Global will achieve a reduction in debt /
EBITDA leverage to less than 3.0x on a sustained basis and
strengthen its tangible common equity, over the next 12-18 months.

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

The ratings could be upgraded if Western Global increases its
scale, demonstrates a longer-term track record of profitable growth
and effectiveness of its newly established governance arrangements.
Maintenance of a conservative financial policy including
debt-to-EBITDA leverage of below 5.0x on a sustained basis and a
good liquidity position would also be positive for the ratings.

Unexpected customer loss or increased competition leading to a
decline in market share, ultimately leading to lower revenue and
EBITDA could result in a ratings downgrade. Acquisitions,
shareholder distributions or other actions that increase
debt-to-EBITDA above 6.0x, or a deterioration in liquidity could
also result in a ratings downgrade.

Headquartered in Estero, Florida, Western Global Airlines is a
global air cargo platform that provides air cargo services to
airlines, logistics companies as well as U.S. military. The company
had $305 million in total assets and managed a fleet of 14 aircraft
at June 30, 2020.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Finance
Companies Methodology published in November 2019.


WFS ASSET: Seeks to Hire Mullin Hoard as Counsel
------------------------------------------------
WFS Asset Management Ltd seeks authority from the U.S. Bankruptcy
Court for the Northern District of Texas to employ Mullin Hoard &
Brown, LLP, as counsel to the Debtor.

WFS Asset requires Mullin Hoard to:

   a. prepare all motions, notices, orders and legal papers
      necessary to comply with the requisites of the U.S.
      Bankruptcy Code and Bankruptcy Rules;

   b. counsel with the Debtor regarding preparation of operating
      reports, motions for use of cash collateral, and
      development of a Chapter 11 plan; and

   c. provide all other legal services ordinarily associated with
      a bankruptcy case.

Mullin Hoard will be paid at these hourly rates:

     Attorneys                 $185 to $450
     Paralegals                 $80 to $155

Mullin Hoard received from the Debtor a retainer in the amount of
$15,000. Prior to the filing of the petition, Mullin Hoard applied
$3,104 for fees and expenses leaving $9,396 in the Firm's retainer
account. With an additional retainer paid by the Debtor to the Firm
on July 8, 2020, the Firm has in its retainer account a total of
$11,896.

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

Brad W. Odell, a partner of Mullin Hoard, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Mullin Hoard can be reached at:

     Brad W. Odell, Esq.
     Mullin Hoard & Brown, LLP
     P.O Box 2585
     Lubbock, TX 79408
     Tel: (806) 765-7491
     Fax: (806) 765-0553
     E-mail: bodell@mhba.com

                  About WFS Asset Management

WFS Asset Management, Ltd., filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Tex. Case No. 20-50130) on July 7, 2020, disclosing
under $1 million in both assets and liabilities. The Debtor is
represented by MULLIN HOARD & BROWN, LLP.



WHITING PETROLEUM: Kirkendall Represents Geophysical, Fairfield
---------------------------------------------------------------
In the Chapter 11 cases of Whiting Petroleum Corporation, et al.,
the Law Office of Tom Kirkendall submitted a verified statement
under Rule 2019 of the Federal Rules of Bankruptcy Procedure, to
disclose that it is representing Geophysical Pursuit, Inc. and
Fairfield Industries Incorporated d/b/a Fairfield Geotechnologies
f/k/a Fairfield Nodal.

Geophysical Pursuit, Inc. and Fairfield Industries Incorporated
d/b/a Fairfield Geotechnologies f/k/a Fairfield Nodal are
counterparties to intellectual property license agreements for the
non-exclusive use of geophysical seismic data with one of the
Debtors.

GPI licensed the non-exclusive use of certain of its geophysical
seismic data to Whiting under a Master Geophysical Data-Use License
Agreement dated March 9, 2011 that was supplemented six times from
the license date through 2015.

Geokinetics Inc. and Geokinetics USA, Inc. licensed the
non-exclusive use of certain of its geophysical seismic data to
Whiting under a Master Onshore Geophysical Data-Use License
Agreement dated December 21, 2012 that was supplemented twice in
2013, and Fairfield acquired Geokinetics' data and rights in that
license on April 6, 2018.

Both GPI and Fairfield have retained the undersigned in this case.
The undersigned has advised GPI and Fairfield of the dual
representation and both clients have agreed in writing to the dual
representation. The undersigned is aware of no conflict of interest
that exists between GPI and Fairfield in regard to this case. The
undersigned has no claim against any of the Debtors and has not
filed a proof of claim in this case.

Counsel for Geophysical Pursuit, Inc. and Fairfield Industries
Incorporated d/b/a Fairfield Geotechnologies f/k/a Fairfield Nodal
can be reached at:

          Tom Kirkendall, Esq.
          LAW OFFICE OF TOM KIRKENDALL
          2 Violetta Ct
          The Woodlands, TX 77381-4550
          Tel: 713.703.3536
          Email: bigtkirk@hey.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/WbY1Fi

                    About Whiting Petroleum Corp

Whiting Petroleum Corporation, a Delaware corporation --
http://www.whiting.com/-- is an independent oil and gas company
that explores for, develops, acquires and produces crude oil,
natural gas and natural gas liquids primarily in the Rocky Mountain
region of the United States. Its largest projects are in the Bakken
and Three Forks plays in North Dakota and Niobrara play in
northeast Colorado.  Whiting Petroleum trades publicly under the
symbol WLL on the New York Stock Exchange.

Whiting Petroleum and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
20-32021) on April 1, 2020. At the time of the filing, the Debtors
disclosed $7,636,721,000 in assets and $3,611,750,000 in
liabilities.  Judge David R. Jones oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP, Kirkland & Ellis
International, LLP and Jackson Walker L.L.P. as legal counsel;
Moelis & Company as investment banker; Alvarez & Marsal as
financial advisor; Stretto as claims and solicitation agent, and
administrative advisor; and KPMG LLP US as tax consultant.


WINDSTREAM HOLDINGS: Creditors Committee Objects to Plan
--------------------------------------------------------
The Official Committee of Unsecured Creditors of Windstream
Holdings, Inc. and its debtor affiliates objects to the First
Amended Joint Chapter 11 Plan of Reorganization of Windstream
Holdings, Inc., et al.,

The Committee asserts that:

   * The Debtors fail to carry their evidentiary burden of
demonstrating that the Plan satisfies all of the confirmation
requirements because the Plan violates sections 1129(a)(1) and
1129(b) of the Bankruptcy Code by inappropriately allocating the
value of substantial unencumbered estate assets to the First Lien
Creditors.

   * Both the recharacterization claim and the proceeds of that
claim are not encumbered by the Prepetition Liens. The assets that
were the subject of the recharacterization claim would not be the
First Lien Creditors’ collateral if such assets belonged to the
Debtors (which was the relief sought in the recharacterization
claim against Uniti) because the Transferred Assets are explicitly
excluded from the collateral package securing the Debtors’
prepetition debt obligations.

   * Even if the Court were to find that the recharacterization
claim asserted in the Uniti Litigation did qualify as a general
intangible, the claim is not encumbered by the Prepetition Liens
because the claim did not exist at the time such liens were granted
and could not have been pledged.

   * The Settlement Value Attributable to the Other Settled Claims
Against Uniti Is Not Encumbered by the Prepetition Liens.

   * None of the Settlement Value is being used to satisfy the DIP
Claims. Because substantially all of the Settlement Value will not
even be realized by the Debtors until after the Effective Date, the
DIP Claims cannot be deemed satisfied out of the Settlement Value.


A full-text copy of the Official Committee of Unsecureds' objection
to Plan dated June 19, 2020, is available at
https://tinyurl.com/yb3gd8cy from PacerMonitor at no charge.

Counsel for the Official Committee of Unsecured Creditors:

          MORRISON & FOERSTER LLP
          Lorenzo Marinuzzi
          Todd M. Goren
          Jennifer L. Marines
          Erica J. Richards
          250 West 55th Street
          New York, New York 10019
          Telephone: (212) 468-8000
          Facsimile: (212) 468-7900

                About Windstream Holdings

Windstream Holdings, Inc., and its subsidiaries provide advanced
network communications and technology solutions for businesses
across the United States.  They also offer broadband, entertainment
and security solutions to consumers and small businesses primarily
in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019.  The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP, as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


WINDSTREAM HOLDINGS: Crown Castle Objects to Joint Plan
-------------------------------------------------------
Crown Castle Fiber LLC and its parents, subsidiaries, and
affiliates, including but not limited to FPL Fibernet, Light Tower
Fiber Networks I, LLC, Light Tower Fiber Networks II, LLC, Sunesys,
LLC, and Wilcon Operations LLC, object to the First Amended Joint
Chapter 11 Plan of Reorganization of Windstream Holdings, Inc. and
its debtor affiliates.

Crown Castle asserts that the Plan is objectionable because it does
not provide the necessary protections granted by section 365 of the
Bankruptcy Code to parties whose contracts will be assumed by the
Debtors, including proper timing regarding when the Debtors should
assume executory contracts and unexpired leases.

Crown Castle does not believe that Debtors have presented the
appropriate evidence to satisfy their burden of proof to
demonstrate that they have set aside an appropriate amount of cash
from their Required Exit Facility Term Loans to satisfy the cure
claims as listed in the various objections to confirmation.

Crown Castle reserves the right to amend the cure amount demanded,
including to add any cure amount associated with the Agreements and
discovered to be included in the Assumption and Cure List.

Crown Castle objects to the assumption of the Agreement to the
extent that the Debtors seek to assume such contracts without the
full payment of all of Crown Castle’s Cure Amounts existing as of
the Assumption Date and without ensuring the payment in full of all
Crown Castle Accruals existing as of the Assumption Date as and
when they come due.

A full-text copy of the Crown Castle's objection to Plan dated June
19, 2020, is available at https://tinyurl.com/y936ukk8 from
PacerMonitor at no charge.

Counsel for Crown Castle:

         Christopher B. Wick
         Hahn Loeser & Parks LLP
         200 Public Square, Suite 2800
         Cleveland, Ohio 44114
         Telephone: (216) 621-0150
         Facsimile: (216) 241-2824
         E-mail: cwick@hahnlaw.com

                - and -

         SUGAR FELSENTHAL GRAIS & HELSINGER LLP
         Jonathan P. Friedland, Esq.
         230 Park Avenue, Suite 908
         New York, New York 10169
         Telephone: 212 899-9780
         Facsimile: 312-625-7341

                  About Windstream Holdings

Windstream Holdings, Inc., and its subsidiaries provide advanced
network communications and technology solutions for businesses
across the United States.  They also offer broadband, entertainment
and security solutions to consumers and small businesses primarily
in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019.  The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP, as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


WINDSTREAM HOLDINGS: Defends Exit Plan from Unsec. Bondholders
--------------------------------------------------------------
Law360 reports that Windstream Holdings Inc. on June 24, 2020,
Wednesday, defended its Chapter 11 plan in New York bankruptcy
court from claims by unsecured noteholders that the plan grants
first-lien creditors unjustified claims on the cable company's
assets.

Over the course of a more than a seven-hour remote hearing before
U. S. Bankruptcy Judge Robert Drain, counsel for Windstream argued
that the plan offers the best recoveries for all parties, while
counsel for unsecured noteholders said the first-lien lenders were
being granted assets that should be unencumbered.

                  About Windstream Holdings

Windstream Holdings, Inc., and its subsidiaries provide advanced
network communications and technology solutions for businesses
across the United States.  They also offer broadband, entertainment
and security solutions to consumers and small businesses primarily
in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019. The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP, as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.



WINDSTREAM HOLDINGS: Trustees Say Plan Based on Wrong Assumptions
-----------------------------------------------------------------
UMB Bank, National Association, solely in its capacity as successor
indenture trustee, and the U.S. Bank National Association, solely
in its capacities as indenture trustee, object to the First Amended
Joint Chapter 11 Plan of Reorganization of Windstream Holdings,
Inc. and its debtor affiliates.

The Trustees note that 16 months into the case, the Debtors are
seeking confirmation of a Plan that allocates all of the
unencumbered value of their estates and all of the benefits
obtianed through the chapter 11 process to their secured creditors,
leaving more than $2 billion of funded debt with no recovery at
all.

According to the Trustees, the Plan, which was never negotiated
with, or even discussed with the Unsecured Creditors Committee or
with the Trustees, is premised on three flawed assumptions: (1) the
Obligor Debtors (i.e.  those Debtors who have either issued or
guaranteed funded debt) have zero equity in any of their assets
with which to pay any secured claims, (2) their postpetition
settlement with Uniti -- emanating from a litigation that was
instigated by, prosecuted with, and seeking to remedy wrongs
committed against their unsecured creditors -- provides no value to
those unsecured creditors, and (3) the secured creditors that
facilitated the value-destructive spin-off should receive all of
the value of the Debtors' estates solely on account of their
secured claims as classified in the Plan.  Indeed, the Plan does
not contemplate any secured creditor deficiency claims and does not
discuss, quantify, classify, or treat any other claims that such
creditors may have, including on account of diminution in value, if
any, of their prepetition collateral.  In fact, the impaired,
accepting class with which the Debtors are seeking to cram down
every objecting class is Class 3 (First Lien Claims).

The Trustees aver that:

   * The FRBP Rule 9019 Order does not confer liens on Uniti
Settlement proceeds.

   * The Plan does not, and in any event could not, provide
distributions based on purported adequate protection claims.

   * The Debtors can offer no evidence regarding the negotiations
of that central aspect of the Plan.

   * The Plan does not allow adequate protection claims in any
amount, and the hypothetical rights of the first lien creditors are
therefore irrelevant to the Court's determination as to whether the
Plan violates the absolute rule.

   * The value attributable to the settlement of the
Recharacterization Claim must be awarded to unsecured creditors
because they would have benefited from the claim had it been
litigated to conclusion.

A full-text copy of the Trustees' objection to Plan dated June 19,
2020, is available at https://tinyurl.com/y7gmrm3v from
PacerMonitor at no charge.

Counsel to the Trustees:

         WHITE & CASE LLP
         Southeast Financial Center, Suite 4900
         200 South Biscayne Blvd.
         Miami, Florida 33131
         Telephone: (305)371-2700
         Facsimile: (305)358-5744
         Thomas E Lauria, Esq.
         1221 Avenue of the Americas
         New York, NY 10020-1095
         Telephone: (212)819-8200
         Facsimile: (212)354-8113
         J. Christopher Shore, Esq.
         Harrison Denman, Esq.
         Philip M. Abelson, Esq.
         Julia M. Winters, Esq.

                 About Windstream Holdings

Windstream Holdings, Inc., and its subsidiaries provide advanced
network communications and technology solutions for businesses
across the United States.  They also offer broadband, entertainment
and security solutions to consumers and small businesses primarily
in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019.  The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP, as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


WPB HOSPITALITY: Unsecureds to be Paid from Subordination Agreement
-------------------------------------------------------------------
WPB Hospitality, LLC, filed an Amended Disclosure Statement
describing Chapter 11 Plan dated June 23, 2020.

The Debtor has entered into a Subordination Agreement with Wanda S.
Bertoia and Alpine Hospitality, Inc. (collectively the
"Subordinated Creditors").  The Subordination Agreement provides
that Bertoia and Alpine, the "Subordinated Creditors" will
subordinate their claims in the Bankruptcy for the benefit of the
non-insider unsecured allowed creditor claims; plus allowed
priority creditor claims; plus allowed administrative creditor
claims. The Subordination Agreement provides that the Subordinated
Creditors (insiders) agree that all proceeds of any kind from the
breach of fiduciary duty action and/or the construction action
shall be paid over to the Debtor and applied to the amounts owed to
the Superior Creditors pursuant to an approved reorganization plan
in the bankruptcy.

Class 4 General Unsecured Creditors. The allowed claims of the
general unsecured creditors shall be paid pursuant to the
Subordination Agreement with Wanda Bertoia and Alpine Hospitality,
Inc. all of the creditors of the Debtor will be paid first from all
proceeds of any kind from the litigation and the Subordination
Agreement.

Class 5 unsecured claims of Abbas Consulting, Inc. and Frisco
Acquisition, LLC, are disputed.  The Debtor disputes these claims
based upon the fact that these creditors had entered into an
agreement to purchase the Debtor's property which agreement they
subsequently breached. The breach of the contract formed a basis
for the Debtor's litigation against these creditors.

Class 6 consists of the unsecured claim of Alpine Hospitality, Inc.
for $5,784,158.53 based upon Proof of Claim No. 5. T his claim will
receive no distribution unless and until all Superior Claims are
paid in full.

Wanda Bertoia is the sole equity security holder for the Debtor.
The prepetition membership interest will be retained.  The equity
security holder agrees to take no distribution or other payment
from the Debtor until all senior creditors are paid in full.

Bertoia and Alpine have agreed to fund both the Breach of Fiduciary
Duty Litigation and the Construction Litigation including to pay
attorneys fees, and costs and expenses including expert witness
fees.

In excess of $200,000.00 of the Debtor's loan proceeds were placed
in a joint account at Northeast Bank. The Debtor took the position
that when ALC bid the full amount of its debt in the foreclosure
proceeding, that its security claims in the Northeast Bank monies
were extinguished.

A full-text copy of the Amended Disclosure Statement dated June 23,
2020, is available at https://tinyurl.com/y9gee49u from
PacerMonitor at no charge.

The Debtor is represented by:

          LINDQUIST-KLEISSLER & COMPANY, LLC
          Arthur Lindquist-Kleissler #9822
          950 S. Cherry Street #418
          Denver CO 80246
          Tel: (303) 691-9774
          Fax: (303) 200-8994
          E-mail: arthuralklaw@gmail.com

                     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.


ZIM CORPORATION: Incurs $9K Net Loss in Fiscal 2020
---------------------------------------------------
ZIM Corporation filed with the U.S. Securities and Exchange
Commission its Annual Report on Form 20-F, disclosing a net loss of
US$8,999 on US$347,509 of total revenue for the year ended March
31, 2020, compared to net income of US$703,516 on US$700,049 of
total revenue for the year ended March 31, 2019.

As of March 31, 2020, the Company had US$1.33 million in total
assets, US$99,855 in total liabilities, and US$1.23 million in
shareholders' equity.

ZIM said, "We anticipate that our cash and cash equivalents balance
at March 31, 2020 of $429,824 along with cash generated from
operations will be sufficient to meet our present operating and
capital expenditures through fiscal year 2021.  Management will
continue its efforts to increase revenue, its cost reduction
activities and strive to eliminate liabilities and reduce our
current operational costs.  However, there is no guarantee that
unanticipated circumstances will not require additional liquidity.

"Future liquidity and cash requirements will depend on a wide range
of factors including the level of success the Company has in
executing its strategic plan as well as its ability to maintain
business in existing operations and to raise additional financing.
Accordingly, there can be no assurance that the Company will be
able to meet its working capital needs for any future period."

MNP LLP, in Ottawa, Canada, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated July 28,
2020, citing that the Company has an accumulated deficit as at
March 31, 2020 of $20,631,105 and has a history of operating losses
which raise substantial doubt about the Company's ability to
continue as a going concern.

A full-text copy of the Form 20-F is available for free at:

                      https://is.gd/D5otxs

                     About ZIM Corporation

Headquartered in Ontario, Canada, ZIM Corporation is a provider of
software products and services for the database and mobile markets.
ZIM products and services are used by enterprises in the design,
development and management of business, database and mobile
applications.  ZIM also provides mobile content to the consumer
market.


[*] 2020 Midyear Report on Bankruptcy Trends for Oil & Gas Industry
-------------------------------------------------------------------
Keith Goldberg, writing for Law360, presents an analysis on the
midyear bankruptcy trends of the oil and gas industry in 2020.

The story of 2020 so far for the oil and gas industry: The
financial reckoning is here.

The industry was girding for a flood of Chapter 11 filings even
before the COVID-19 pandemic, with approximately $200 billion in
oil and gas debt coming due within the next few years and virtually
no help coming from investors. Then the pandemic led to a historic
crash in energy demand.

Federal coronavirus aid provided a temporary stay of execution for
some companies, but experts say that impact has already started to
wear off.

The road through bankruptcy is proving to be bumpier compared to
the previous bankruptcy wave of 2016-17, experts say. While some
companies are still able to convince some of their major creditors
to swap their debt for equity in a reorganized company, it's a
tougher and more expensive process as talk of banks riding to the
rescue fizzles out.

The alternative of selling off a bankrupt company's assets hasn't
been a cakewalk either, as oil prices still waffle and the pandemic
clouds the industry's near-term future. Meanwhile, experts say
fights are already erupting over attempts by drillers to reject
service and midstream contracts in bankruptcy.

Here, attorneys explain five significant oil and gas bankruptcy
trends that emerged in the first half of the year.

Coronavirus Aid Is a Temporary Reprieve

The year didn't start with a bonanza of new bankruptcy cases. Of
the 35 bankruptcies for drillers, oil field services and midstream
companies filed through the first five months of the year, 12 were
filed in May, according to figures compiled by Haynes and Boone
LLP.

Porter Hedges LLP restructuring and bankruptcy partner Eric English
said the shock of free-falling oil prices earlier in the year,
including a first-ever trip to negative territory, may have played
a role in the initial slow pace of filings.

"To a certain extent, people didn't know whether there was going to
be anything to reorganize," English said. "Now that we see a little
more stability in the oil prices and hopefully some kind of
recovery in the economy, people are a little more confident to do
more restructurings and go through the process of a Chapter 11 to
accomplish it."

But experts also point to the loan program under the Coronavirus
Aid, Relief and Economic Security Act — including the federal
government's expansion of eligibility requirements and allowing
companies to carry five years' worth of net operating losses to
offset taxable income — as giving some oil and gas companies
temporary breathing room.

"These companies have been able to broaden their runway and ...
navigate the pandemic by resorting to these provisions and the
relief they provide under the CARES Act," said Jay Ong, a
shareholder in Munsch Hardt Kopf & Harr PC's bankruptcy practice.

But any additional runway is starting to run out. Chapter 11
filings this month include drillers Templar Energy, Extraction Oil
& Gas Inc. and Chisholm Oil and Gas Operating LLC and fracking sand
firm Vista Proppants and Logistics LLC.

"There's only so much that a stimulus program can do and how far it
can reach," Ong said.

Debt-to-Equity Swaps Are a Tougher Sell

While oil and gas companies are still able to convince lenders to
swap their debt for equity in a restructured company just as they
were in the previous bankruptcy wave, it's been harder this time
around, experts say.

For example, a Texas bankruptcy judge in March scuttled EP Energy
Corp.'s $3.3 billion Chapter 11 plan just two weeks after
confirming it, after the company and its creditors agreed that the
debt-for-equity swap underpinning the deal was no longer
financially viable as oil prices plunged to new lows.

Jackson Walker LLP bankruptcy partner Liz Freeman said that secured
lenders are having to raise significant amounts of additional cash
to pull off debt-to-equity swaps. That isn't easy in what's been a
chilly environment for new oil and gas investment, she said.

"I think it was easier to raise financing during the previous
bankruptcy wave," Freeman said. "It's been more difficult for the
new equity holders to obtain new financing or new capital
commitments. There's been less money available, the money has
largely dried up."

Experts say an even bigger hurdle for debt-to-equity swaps is that
in many cases, the key creditors aren't junior secured lenders or
unsecured bondholders. Instead, they're first-lien lenders like
banks who hold reserve-based loans and are facing losses after
getting through the previous bankruptcy wave relatively unscathed.

"They're not going to have the same appetite as bondholders to roll
the dice and take the equity and see if this turns around in the
next six to 18 months," said Buddy Clark, who co-chairs Haynes and
Boone's energy practice group and primarily represents oil and gas
lenders. "The proposals from existing management and existing
equity to the banks was, 'Why don't you take a discount on your
notes and we'll go forward together?' The banks' attitude is, 'No,
we don't want to join hands with the management of these failed
companies.'"

Banks Are No White Knight

During the worst of the pandemic-fueled oil price slump, there was
talk in industry circles that large banks would assume control of
and operate oil and gas companies through special purpose entities
or other structures, something they've historically been reluctant
to do.

But experts say that simply hasn't materialized. Not only are banks
resisting swapping their debt for equity, they're preparing to take
losses on their existing loans as part of winding down their oil
and gas lending activities. That includes banks pushing their
reserve-based loans into a workout to avoid foreclosure, or simply
pushing a company to sell its asset under Section 363 of the
federal Bankruptcy Code.

"There are some lenders that have flat out told us, 'We are getting
out of this space,'" Porter Hedges' English said.

Clark said that in 2015, just before the previous oil and gas
bankruptcy wave, there were at least 30 major lenders actively
sinking cash into the oil and gas industry. That number may be down
by as much as one-third today, he said.

"And they're just actively managing their current portfolios,
they're not actively making new loans," Clark said. "That will be
an interesting thing to keep an eye on in the future: Who are going
to be the players in the energy lending field going forward?"

Asset Sales Face a Tight Market

Banks and other lenders may be pushing for Section 363 asset sales
to salvage what they can from a bankrupt oil and gas company, but
that doesn't mean they've been easy to pull off, experts say.

For example, driller Alta Mesa Resources Inc. had to renegotiate a
deal to sell assets as part of its Chapter 11 liquidation after its
original deal fell through, though the sale price didn't drop
much.

English, who represented Alta Mesa in its Chapter 11 case, said
he's seeing fewer stalking horse bids for oil and gas assets, as
well as potential buyers simply abandoning a Section 363 sales
process.

"We've been contacted by buyers in a couple of these 363 processes
that do some diligence, look at it and then just drop out and say
it's not worth it," English said. "I just haven't seen a lot of 363
processes that have had robust auctions where the price goes way
up. It seems to be pretty weak still."

Munsch Hardt's Ong said that with oil and gas asset values still
largely depressed, there's even been some hesitation on the part of
debtors to move forward with Section 363 sales. To the extent they
can pause a bankruptcy — or delay or extend the Section 363
process — they're doing so in the hopes the market will improve,
Ong said.

"It's a dicey game to play, to try and press pause," Ong said. "A
lot of that comes down to what type of cooperation a debtor is able
to manage with its major creditors ... and its ability to get the
court to encourage that type of cooperation."

But while buyers and sellers may be more cautious, it doesn't mean
that Section 363 sales won't happen, said Haynes and Boone
bankruptcy partner Charlie Beckham. The financial pressures facing
companies and lenders are simply too great, and dragging out a
bankruptcy only makes it more expensive, he said.

"I think we're going to see it because people have lost their
patience," Beckham said.

Resurgence in Contract Rejection Fights

The previous bankruptcy wave was punctuated by a 2016 court
decision that Sabine Oil and Gas Corp. could reject gas-gathering
contracts in bankruptcy because they didn't contain covenants that
tied the contracts to Sabine's drilling properties — a concept
known as "running with the land" — as interpreted by Texas law.
The ruling, affirmed by the Second Circuit in 2018, sent ripples
throughout the midstream industry as other drillers looked to shed
their own midstream contracts or renegotiate them.

Experts say contract rejection fights are resurfacing in the
current spate of bankruptcies, and the Sabine decision looms
large.

"That's the hot issue that people are thinking about now," K&L
Gates LLP restructuring and insolvency of counsel Robert Honeywell
said. "Which contracts run with the land and which ones don't?"

While decisions like Sabine have helped establish a basic framework
for contract rejection, Jackson Walker's Freeman said the variation
between contracts means there has to be a fact-intensive analysis
to determine if an agreement can be rejected.

It technically didn't happen this year, but the judge handling Alta
Mesa's bankruptcy in December rejected its bid to ditch a contract
to sell oil and gas to a pipeline company because it was related to
Alta Mesa's land and mineral interests and therefore "ran with the
land."

Freeman said that further complicating the contract rejection
question is the issue of "integrated agreements" such as agreements
for gathering, transportation and off-take that drillers have inked
with a single midstream company that contain clauses integrating
the deals into an overarching contract.

"You have to determine which of the related agreements are
integrated and would be rejected," Freeman said.  "You have two
different baskets of litigation."


[*] 6 Pharmaceutical & Devicemaker Bankruptcies in 2020
-------------------------------------------------------
Maia Anderson, writing for Beckers Hospital Review, reports on six
pharmaceutical or medical device companies that filed for
bankruptcy protection or had their bankruptcy plan approved in
2020.

Bankruptcies are listed in chronological order.

1. Florida drugmaker files for bankruptcy after recall

KRS Global Biotechnology, a Boca Raton, Fla.-based drug-compounding
facility, filed for Chapter 11 bankruptcy, citing "unforeseen
business circumstances."

2. Insys bankruptcy plan gets court OK

Insys Therapeutics, the first drugmaker to go bankrupt after opioid
litigation, won court approval for its bankruptcy plan Jan. 16,
2020.

3. Reva Medical files for bankruptcy

Reva Medical, a San Diego-based devicemaker that specializes in
vascular devices, has filed for Chapter 11 bankruptcy, listing $5.9
million in assets and $104.5 million in debt.

4. Insulin pump maker files for bankruptcy

Valeritas Holdings, a New Jersey-based company that makes insulin
pumps, filed for Chapter 11 bankruptcy, and Zealand Pharma, a
Denmark-based drugmaker, said it will acquire "substantially all"
of Valeritas' assets.

5. Mallinckrodt to put US generics business in bankruptcy in opioid
settlement

Mallinckrodt filed for Chapter 11 bankruptcy for its generic drug
business as part of a settlement with 47 U.S. states and U.S.
territories.

6. Generic drugmaker Akorn files for bankruptcy

Akorn, a generic drugmaker based in Lake Forest, Ill., has filed
for Chapter 11 bankruptcy a year after the FDA sent it warning
letters about manufacturing violations at two of its plants.


[*] ABC as Alternative to Sec. 363 Sales for Distressed M&As
------------------------------------------------------------
Jason Taketa of Manatt Phelps & Phillips LLP wrote on Law360 an
expert analysis regarding an alternative to Sec. 363 sales for
distressed mergers & acquisitions (M&As).

In the three-month period from March 1 through May 31, 2020
commercial business entities have filed 1,812 Chapter 11 bankruptcy
cases in U.S. bankruptcy courts, representing a year-over-year
increase of 31%.

What's more, the pace of monthly Chapter 11 filings has
significantly increased, with the number of Chapter 11 filings in
March, April and May representing year-over-year increases of 18%,
26% and 48%, respectively, signaling a potential wave of business
bankruptcies and insolvencies on the horizon emanating from the
economic shock of the COVID-19 pandemic shutdowns.

If this wave continues to build momentum, one can almost certainly
expect a corresponding uptick in distressed M&A activity, as both
strategic and financial buyers look to make acquisitions at reduced
valuations.

Sophisticated buyers looking to acquire going-concern businesses
will generally structure their acquisitions around a mechanism to
"cleanse" the assets of claims from the business owner's
creditors.

While the most commonly known and widely used mechanism to
accomplish such a transaction is the bankruptcy court sale process
under Title 11 of the U.S. Code, Section 363, through a Chapter 11
proceeding, buyers and sellers should strongly consider the
alternative business liquidation device outside of bankruptcy known
as an assignment for the benefit of creditors, or ABC, which may be
a more expedient, efficient, cost-effective and flexible path for
distressed M&A transactions than the traditional 363 sale route.

Nuts and Bolts of ABCs

ABCs — also sometimes referred to as "general assignments for the
benefit of creditors" — are creations of state law.

While ABCs originated from common law, many states have codified
the ABC process, either in whole or in part, while a minority of
states still rely on pure common law. Consequently, each state's
ABC law can differ in many important respects and as such, for
purposes of this article, we will focus on California's ABC law,
which by some accounts has been used more frequently in the past 20
years than the ABC laws in other states.

Fundamentally, ABCs are vehicles for selling or liquidating a
business and/or its assets in an orderly, controlled way. As a
business liquidation tool, ABCs function similarly to Chapter 7
bankruptcies wherein businesses, for a variety of reasons, can no
longer operate and their remaining assets, to the extent there are
any, are liquidated.

ABCs can also be used to facilitate a going-concern sale of the
debtor's assets to a third party, similar to a Section 363 sale in
a Chapter 11 bankruptcy; however, unlike in a Chapter 11
bankruptcy, ABCs cannot be used to financially rehabilitate a
business or restructure its debt.

Generally speaking, an ABC involves the distressed entity, the
assignor, assigning all of its right, title, interest in, and
custody and control of its assets to a third-party assignee, which
is designated to act in a fiduciary capacity for the benefit of the
assignor's creditors.

Thereafter, the assignee liquidates/sells the assets and
distributes the proceeds to the assignor's creditors. As in a
federal bankruptcy proceeding, unsecured creditors have no right to
pursue the assets assigned to the assignee.

Rather, these unsecured creditors are required to file a proof of
claim to the assignee; if the claim is allowed, the unsecured
creditor will ultimately participate in the assignee's distribution
of funds of the assignor's estate, following certain rules of
priority as established under the applicable state ABC law.

Beneficial Features of Going-Concern ABC Sales

California's ABC law, like those of many other states,[1] is
nonjudicial, meaning that an ABC can be accomplished with few
formalities and without any court proceedings or filings. Certain
common features of an ABC process that spring from its nonjudicial
nature make an ABC a more effective tool in distressed M&A than a
sale through bankruptcy would be.

First, ABCs can be consummated in a relatively short period of
time. For example, a prepackaged going-concern ABC sale can be
consummated in a matter of weeks once the buyer and seller agree on
the principal terms of the sale, whereas prepackaged or fully
marketed Section 363 sales through Chapter 11 can involve weeks or
months of prepetition planning and negotiation, and take weeks or
months to complete after the initial bankruptcy filing.

For distressed businesses without the liquidity runway needed to
successfully navigate a Chapter 11 bankruptcy, an ABC may be the
only viable path to completing a going-concern or asset sale and
avoiding shuttering a business permanently. Further, the speed of
the ABC process allows buyers to move swiftly to acquire distressed
businesses or assets, helping to greatly reduce knowledge leakage
and/or employee, customer and vendor defections prior to closing.

Parties also have greater flexibility to structure the ABC process.
Unlike in Section 363 sales, assignees in an ABC process are not
required to hold any formal open bidding or auction as part of the
liquidation of the assets and, in prepackaged ABCs, assignees can
proceed to sell assigned assets to the designated purchasers almost
immediately after assignment, recognizing that assignees are wise
to explore and investigate a meaningful sale process, if possible.

As such, prearranged buyers in an ABC process do not risk losing
out in the auction process, which can be attractive to potential
distressed M&A buyers, who might otherwise be leery of devoting
time, money and resources to an acquisition without relative
certainty of closing.

By virtue of being nonjudicial and therefore nonpublic, ABC
transactions can proceed discreetly and without the unwanted
publicity that a public bankruptcy brings, thereby helping protect
the goodwill and reputations of the underlying business, its
owners, management and investors.

Further, an ABC transaction is often publicly characterized as an
acquisition of a business or its assets, which does not carry with
it the negative associations that bankruptcy does.

Finally, unlike Chapter 7 bankruptcy sales in which a trustee is
appointed to a case at random from a list of preapproved trustees
in a jurisdiction, troubled businesses considering an ABC are free
to engage the assignee of their choosing.

In states such as California, in which ABCs are more common,
troubled businesses have a number of known firms and professionals
from which to choose, many of whom specialize in or focus on a
particular industry. A knowledgeable and experienced assignee can
be a great value to an ABC process by greatly reducing the
assignee's learning curve with respect to a particular business.

Further, veteran assignees may have the necessary experience and
infrastructure to operate the assigned business between assignment
and liquidation or as part of the business wind-down, without the
continued involvement of the assignor's management or directors.

The Trade-Offs of an ABC

There are, of course, certain trade-offs associated with ABCs, each
of which may warrant special consideration depending on the
circumstances.

First, as noted earlier, the ABC process is essentially a business
liquidation device; it cannot be used to financially rehabilitate a
business or restructure debt like a Chapter 11 case and therefore
is not suitable for a business capable of restructuring.

Further, unlike bankruptcy proceedings, an ABC does not offer an
automatic stay of claims against the debtor; rather, collection
lawsuits and other claims can continue, notwithstanding the
assignment to the assignee.[2]

ABCs lack certain protective provisions offered by bankruptcy law
that help preserve the existing contract rights of a debtor's
bankruptcy estate and facilitate the transfer of those rights in a
sale. For example, bankruptcy law renders unenforceable certain
contract termination provisions allowing a counterparty to
terminate upon the insolvency or bankruptcy of the other party,
thereby preserving the estate's rights in the underlying contract.
An ABC does not protect against counterparty termination based on
such provisions, and in many cases, the ABC itself will give rise
to termination under most formulations of such contract
provisions.

Further, executory contracts and unexpired leases can be
transferred without the consent of the counterparty as part of a
Section 363 sale, whereas an ABC does not give the assignee the
same powers. In both cases, buyers of assets generally need to
negotiate directly with the contract counterparty in order to
assume the executory portions of these contracts, which can add
layers of execution risk in a going-concern ABC sale.

Corporate ABCs also require stockholder approval because they
represent a sale of all or substantially all of a corporation's
assets, whereas a corporation may file for bankruptcy upon approval
of the corporation's board of directors and without the vote or
consent of its stockholders. If obtaining the consent of a
distressed corporation's stockholders to effect an ABC in a timely
manner (if at all) will be difficult or impractical, an ABC may not
be the most advisable option.

Finally, because ABC laws can vary from state to state, attempting
an ABC with a business that has assets located in multiple states
can lead to multistate jurisdictional issues. An ABC conducted
under one state's law[3] can shield attachment claims against
assets in that particular state, but it may not be effective to
shield similar attachment claims against assets in other state
jurisdictions.

While a conflict-of-laws analysis is outside the scope of this
article, generally speaking, there are no guarantees that other
state courts will honor or recognize an ABC conducted under the law
of a different state. Because of this, buyers may be uncomfortable
purchasing multistate business assets through an ABC.

Conclusion

The question of whether to employ an ABC may not be as simple as A,
B, C; structuring a distressed M&A transaction depends on the
specific facts and circumstances involved.


[*] Alston & Bird: Bankruptcy Tax Determinations
------------------------------------------------
Jasper Cummings of Alston & Bird wrote an article on JDSupra titled
"Tax Determinations in Bankruptcy."

Our Federal Tax Group considers the unclear tax powers of the
bankruptcy courts and how the IRS won't take any determinations too
kindly.

* Prepetition tax claims
* The IRS's constitutional and statutory defenses
* Bankruptcy court powers in the Code

A wave of bankruptcies is expected to come out of the current
economic situation and with them will come tax issues.  For
example, corporations that wish to reorganize will be very
interested in preserving their net operating losses and maximizing
their use after a change of ownership in the bankruptcy.  But
whether those wishes come true depends on many difficult issues in
the federal income tax laws. And they are only a few of the state
and federal tax issues that can arise in bankruptcies.

Aside from determinations of prepetition tax claims in the
bankruptcy, the bankruptcy judge's tax powers are somewhat unclear.
For that reason, the taxing authority is highly likely to resist
determination of a tax issue in the bankruptcy in an adversary
proceeding by the debtor or related persons against the tax
collector.

The IRS in particular has been very resistant to tax determinations
in the bankruptcy courts. It is likely to raise constitutional
defenses as well as statutory defenses under the Bankruptcy Code
and to object to the jurisdiction of the court.

It is possible, however, to obtain tax determinations from the
bankruptcy courts. Some powers are specially provided by the Code.
For example, a trustee or debtor in possession can file a
post-petition return without payment and demand a quick up or down
from the tax collector. If the tax collector disagreed with the
position taken in the return, the bankruptcy judge can determine if
the return is correct.



[*] Bankruptcy Courts Ease Commercial Tenants Rent Requirements
---------------------------------------------------------------
Christopher McNulty of Mitchell, Williams, Selig, Gates & Woodyard
PLLC wrote an article on JDSupra titled "Bankruptcy Courts are
Easing Traditionally Rigid Lease Payment Requirements for
Commercial Tenants In COVID-Related Filings":

Bankruptcy courts in multiple jurisdictions have granted
tenant-friendly relief to companies that have filed for Chapter 11
bankruptcy in recent months. While the Bankruptcy Code typically
requires timely performance of lease obligations under 11 U.S.C. §
365, bankruptcy courts have employed little-used provisions like 11
U.S.C. §§ 105 and 305(a) to grant debtors’ mothball motions—
i.e., requests for deferral or cessation of rent payments and other
non-essential expenses.

On March 23, 2020, Modell's Sporting Goods requested that the Court
temporarily suspend all bankruptcy proceedings and defer payment of
all expenses other than those that are absolutely essential (i.e.,
not including rent) for 60 days. Modell’s asserted that the
suspension would ultimately result in the availability of more
money for distribution to creditors and cited § 305(a), which
permits the dismissal of a case or suspension of proceedings if the
interests of creditors and the debtor would be better served by
such dismissal or suspension. Given the unprecedented economic
situation created by the COVID pandemic, Modell's argued, the
application of such an extraordinary remedy was warranted.
Persuaded that the suspension would preserve Modell's orderly
liquidation plans, the Court authorized the suspension pursuant to
its authority under §§ 105 and 305.

On March 31, 2020, Pier 1 requested that the Court grant its
proposal for a limited operations period to take a pause on
payments to landlords, shippers, suppliers, and vendors so that it
could pay only critical expenses. Pier 1 cited § 105(a) which
provides that a bankruptcy court may issue any order, process, or
judgment that is necessary to carry out the provisions of the
title, and argued that a "breathing spell" in these unusual
circumstances is precisely the sort of relief the bankruptcy
process was designed to provide under § 105(a). The Court was
persuaded that suspending proceedings would allow Pier 1 the
breathing room it needed to preserve its restructuring plans and
stave off liquidation and, pursuant to § 105, temporarily relieved
Pier 1 from paying post-petition rent to its landlords. The Court
reasoned that: (1) the relief would not abolish Pier 1's obligation
to pay rent, but instead would delay such payment during the
limited operations period; and (2) all unpaid rent would continue
to accrue and would be due before Pier 1 could confirm a plan, in
accordance with the Bankruptcy Code’s administrative claim
requirements.

In April 2020, a consolidated group of debtor restaurants operating
in the Kansas City area filed an emergency motion to suspend
post-petition rent payments to landlords. The Court stated that
before the COVID-19 pandemic forced restaurants to cease
operations, the debtors demonstrated potential for a successful
reorganization and, further, acknowledged that the unprecedented
circumstances require (1) flexible application of the Bankruptcy
Code and (2) exercise of the Court's equitable powers under § 105
to grant relief notwithstanding § 365. It cited the Pier 1 and
CraftWorks cases, stating that "no reasonable alternative" exists,
and the relief sought offers "a short-term allocation of scarce
resources to meet immediate needs and preserve the value of the
Debtors’ estates for all creditor constituencies." In making its
ruling, the Court exercised its equitable power to override the
landlords’ statutory right to payment of post-petition rent in
favor of maintaining (1) the debtors’ perceived going-concern
value and (2) prospects for recovery to all creditors.

Given that this trend arose out of the rapid economic decline that
COVID-19 shutdowns thrusted upon many major companies, landlords
and tenants can expect similar decisions in future COVID-induced
filings. Prior to the pandemic, post-petition rent payments under
commercial leases have traditionally been required. However,
bankruptcy courts are courts of equity, and extraordinary times
like the COVID-19 pandemic have caused some courts to weave
flexibility into the ordinarily strict requirements.

For the foreseeable future, bankruptcy courts will likely stretch
its equitable powers to new limits to preserve reorganization
opportunities for debtors. The potential impact of this trend may
extend beyond landlord-tenant issues, as business debtors could
make similar equitable arguments related to requests for adequate
protection payments or relief from stay. As the pandemic continues,
and if businesses are unable to recover even as states loosen
restrictions, more and more debtors may find themselves seeking to
delay non-essential expenses, likely relying on Pier 1, Modell's
Sporting Goods, and other cases as precedent. Landlords should
consider this trend when faced with tenants looking to rework or
delay terms of a lease.



[*] Covid-19 Forces Seafood Restaurant Closures
-----------------------------------------------
Christine Blank, writing for Seafood Source, reports that COVID-19
pandemic resulted to the closure of numerous seafood restaurants in
the U.S. and the United Kingdom.

The COVID-19 pandemic continues to negatively impact the restaurant
industry in the United States and the United Kingdom, as popular
seafood restaurant chains close locations.

In the U.S., Houston, Texas-based Pappas Restaurants group and
Carlsbad, California-based Rubio's Coastal Grille said they are
closing a number of locations.

While Restaurant Business reported that Rubio's is closing 12 of
its approximately 170 locations, a Rubio's spokerspon told
SeafoodSource the chain is "still finalizing decisions."

Meanwhile, Pappas is permanently closing five of its locations in
Houston, including Pappas Seafood House, Pappadeaux Seafood
Kitchen, and Pappas Shrimp Shack, Preview reported.

Despite those closures, the chain still said it plans to maintain
more than 80 locations.

"We have more than 80 locations that either remained open or have
reopened," Pappas said in a press release.

In addition, large chains that serve seafood are also closing some
of their restaurants. For example, Dallas, Texas-based TGI Fridays
will permanently close up to 20 percent of its 386 restaurants,
Bloomberg reported.

Orlando, Florida-based FoodFirst Global Restaurants, which operates
the Bravo Italian Mediterranean and Brio Italian Mediterranean
restaurant chains, recently filed for bankruptcy after closing 71
of its 92 locations.

Garden Fresh, the parent company of Sweet Tomatoes/ Souplantation,
is closing all 97 of its restaurants after filing for bankruptcy in
May.

West Palm Beach, Florida-based TooJay's Original Gourmet Deli,
which operates 24 restaurants, also recently filed for chapter 11
bankruptcy protection. The chain, which offers a number of seafood
dishes, said that two of its restaurants are closed, while the
others remain open for takeout and delivery, Restaurant Business
reported.

In the United Kingdom, Lancashire-based Seafood Pub Company has
gone into administration, The Lancanshire Telegraph reported.

"Without funding and no income since the forced closure, we have no
choice other than for the business to go into Administration,"
Founder Jocelyn Nieve said in a letter to employees.

Several individual restaurants in the U.K., including London-based
Texture and Siren, are also closing their doors.

The closures continue a trend of COVID-19 related closures and
bankruptcies for restaurant chains. The restaurant industry has
been hit hard by the COVID-19 pandemic, with reports indicating
that 85 percent of independent restaurants may close by the end of
the year if government aid is not provided.



[*] Experts Say Wave of Bankruptcies to Get Bigger
--------------------------------------------------
Mary Williams Walsh of The New York Times reports that experts are
claiming that another wave of megabankruptcies is on the way.

Already, companies large and small are succumbing to the effects of
the coronavirus.  They include household names such as Hertz and J.
Crew and comparatively anonymous energy companies such as Diamond
Offshore Drilling and Whiting Petroleum.

And the wave of bankruptcies is going to get bigger.

Edward Altman, creator of the Z score, a widely used method of
predicting business failures, estimated that this year will easily
set a record for so-called megabankruptcies — filings by
companies with $1 billion or more in debt. And he expects the
number of merely large bankruptcies — at least $100 million —
to challenge the record set the year after the 2008 economic
crisis.

Even a meaningful rebound in economic activity over the coming
months won't stop it, said Altman, finance profess emeritus at New
York University’s Stern School of Business. "The really hurting
companies are too far gone to be saved," he said.

Chesapeake Energy, once the second-largest natural gas company in
the country, is wrestling with about $9 billion in debt. Tailored
Brands — the parent of Men’s Wearhouse, Jos. A. Bank and K&G
— recently disclosed that it, too, might have to file for
bankruptcy protection. So did Weatherford International, an
oil-field services company that emerged from bankruptcy only in
December.

More than 6,800 companies filed for Chapter 11 bankruptcy
protection last year, and this year will almost certainly have
more. The flood of petitions from the worst economic downturn since
the Great Depression could swamp the system, making it harder to
save the companies that can be rescued, bankruptcy experts said.

Most good-size companies that go into bankruptcy try to restructure
themselves, working out payment agreements for their debts so they
can stay open. But if a plan can’t be worked out — or isn't
successful — they can be liquidated instead. Equipment and
property are sold off to pay debts, and the company disappears.

Without reform in the system, "we anticipate that a significant
fraction of viable small businesses will be forced to liquidate,
causing high and irreversible economic losses," a group of
academics said in a letter to Congress in May. "Workers will lose
jobs even in otherwise viable businesses."

Among their suggestions: increasing budgets to recall retired
judges and hire more clerks and giving companies more time to come
up with workable plans to prevent them from being sold off for
parts.

"Tight deadlines may lead to overly optimistic restructuring plans
and subsequent refilings that will congest courts and delay future
recoveries," they wrote.

The pandemic -- with its lockdowns, which have just started to ease
-- was enough on its own to put some businesses under. The gym
chain 24 Hour Fitness, for example, declared bankruptcy last week,
saying it would close 100 locations because of financial problems
that its chief executive attributed entirely to the coronavirus.

But in many cases, the coronavirus crisis exposed deeper problems,
like staggering debts run up by companies whose business models
were already struggling to deal with changes in consumer behavior.

Hertz has been weighed down by debt created in a leveraged buyout
more than a decade ago and added to it with the acquisition of
Dollar Thrifty in 2012. As it was battling competitors, the ascent
of Uber and Lyft further upended the rental-car industry.

J. Crew and Neiman Marcus were carrying heavy debt loads from
leveraged buyouts by private-equity firms while struggling to deal
with the changing preferences of shoppers who increasingly buy
online.

Oil and gas companies such as Diamond and Whiting borrowed heavily
to expand when commodities prices were much higher. Those prices
started to fall as production increased and plunged further still
when Russia and Saudi Arabia got into a price war shortly before
the economic shutdowns began.

(And then there are cases that have nothing to do with the pandemic
but nonetheless take up time and energy in the courts. Borden
Dairy, a Dallas company with a history that goes back to 1857,
declared bankruptcy in January, a victim of declining prices,
rising costs and changing tastes.)

A run of defaults looks almost inevitable. At the end of the first
quarter of this year, U.S. companies had amassed nearly $10.5
trillion in debt — by far the most since the Federal Reserve Bank
of St. Louis began tracking the figure at the end of World War II.

"An explosion in corporate debt," Altman said.

Having a lot more debt to deal with is likely to make the coming
bankruptcies a bruising experience for unsecured creditors, who may
include retirees with pensions or health benefits, vendors waiting
to be paid, tort plaintiffs whose lawsuits are cut short and
sometimes even current workers. If a company goes into bankruptcy
with more secured debts than the value of its assets, the secured
creditors — including vulture investors who bought up the debt
for a song — can walk away with virtually everything.

The sums at play in some of these cases will be enormous. Altman
expects at least 66 cases with more than $1 billion in debt this
year, eclipsing 2009's mark of 49. He also predicted 192
bankruptcies involving at least $100 million in debt, which would
trail only 2009's record of 242.

Robert Keach, a director of the American College of Bankruptcy,
said many companies had so far managed to put off bankruptcy by
amassing cash and conserving it as best they can: drawing down
existing credit lines, furloughing workers, delaying projects and
taking advantage of federal and state pandemic-relief programs.

But when those programs expire, the companies will start burning
through their cash. That's when bankruptcy filings are likely to
soar and stay elevated, Keach said.

Expect "COVID-19 cliff" in the next 30 to 60 days, he said.


[*] Glamour's Store Closing List of 2020 (Updated July 22, 2020)
----------------------------------------------------------------
Whitney Perry, writing for the Glamour, reports the retail
apocalypse has come for your favorite stores, including Macy's,
Zara, and Starbucks.

All products featured on Glamour are independently selected by our
editors. However, when you buy something through our retail links,
we may earn an affiliate commission.

Between COVID-19's catastrophic impact on retail coupled with the
continued rise of online shopping, 2020 has brought a store closing
list that's predictably vast. According to a recent report from
retail data firm Coresight Research, as many as 20,000 to 25,000
stores in the U.S. could permanently shutter this year, with more
than 4,000 stores saying they'll close down this year. More than
half of the closures would be situated in malls, which are already
in peril but have faced particular challenges due to social
distancing.

Before the health crisis, a number of retailers filed for
bankruptcy and started to shutter physical locations, but in recent
weeks the number has shot up. J.Crew, Neiman Marcus, and JCPenney
are among the companies that filed for bankruptcy protection, while
bankrupt sporting-goods retailer Modell's stopped liquidation sales
and closed all its stores.

It's not all gloom and doom, though: While some of your favorite
retailers are closing select locations, several plan to divert
savings into a focus on e-commerce, which is the way most of us
shop these days anyway.

Below, an evolving tally of store closing updates:

* Bath & Body Works
Stock up on Perfect Peony body splash now: Bath & Body Works's
parent company, L Brands, announced in May 2020 that 50 locations
in the United States, as well as one store in Canada, will close in
2020. The closures will mostly affect mall locations. It's not all
bad news for the brand: Though in-mall stores are largely going
away, 26 new locations will also open this year.

* Signet Jewelers
The company—which runs several familiar mall jewelry stores
including Kay Jewelers, Zales, Jared, H.Samuel, and Piercing
Pagoda—revealed in June 2020 plans to close 150 U.S. stores and
80 U.K. stores ASAP, and that it will close at least another 150
stores before the end of the year, citing the impact of the
COVID-19 pandemic

* Gap
In March 2019, Gap said it will be shuttering approximately 230
stores during the next two years due to falling sales. As of
January 2020, here are the locations that have closed or are
scheduled to close.

Victoria’s Secret
Controversial lingerie retailer Victoria's Secret's parent company,
L Brands, announced in May 2020 that it plans to close a quarter of
its stores—250 locations—in the U.S. and Canada during the next
few months. The brand also said more closures could be on the
horizon over the next few years. According to CNN, there are around
1,100 Victoria's Secret locations in North America.

* Papyrus
Paper goods and stationery chain Papyrus filed for bankruptcy in
January 2020, which prompted plans to close all of its 254 stores
across the U.S. and Canada.

* Zara
In June 2020, the fast-fashion retailer's parent company, Inditex,
announced plans to close between 1,000 and 1,200 stores over the
next two years and divert resources into online sales strategies
due to the ongoing COVID-19 pandemic. The company hasn't announced
which Zara locations will be affected, but said in a statement that
closings will be "stores at the end of their useful life."

* Chico's
Chico’s FAS, the parent company of the women's clothing chain,
said in a 2019 press release that it will close 250 locations over
the next three years and will put more effort into online sales.
The company also operates White House Black Market and Soma.

* JCPenney
The department store filed for bankruptcy in May 2020, and said it
planned to eventually close about 30% of its 846 stores, many of
which are situation in malls. Business Insider published a list in
June 2020 of the JCPenney locations that will be closing as part of
phase one.

* Macy's
In February 2020, department store Macy's said it will be closing
125 stores over the next three years and cutting thousands of
corporate jobs. It also will be shuttering several office locations
throughout the country and will consolidate customer service
centers. The retailer's Manhattan location will become its only
corporate headquarters.

* G.H Bass and Wilson’s Leather
New York–based fashion manufacturer G-III Apparel Group Ltd.
announced in June 2020 that it will permanently close all 110
Wilsons Leather and 89 G.H. Bass stores.

Pier 1 Imports
The furniture chain is planning to close 450 stores—about half of
its total locations—the company announced in January 2020 amid
falling sales. The retailer's CEO also said it planned to cut its
corporate head count and shut down select distribution centers.

* Destination Maternity
In 2019, it was announced that 183 Destination Maternity locations
will close after the company filed for Chapter 11 bankruptcy
protection. Motherhood Maternity and A Pea in the Pod also fall
under the retailer's parent company and will be affected. USA Today
published the list of closures the same year they were announced.
Online retail is up and running under Motherhood Maternity.

* Modell's
As of March 2020, bankrupt sporting-goods retailer Modell's stopped
liquidation sales and closed all of its stores, according to
Crain's.

* Express
In early 2020, fashion retailer Express said it will close 100
stores by 2022.

* Nordstrom
Nordstrom announced in June 2020 that it will permanently close all
three Jeffrey designer apparel stores (which it owns) in addition
to the 16 Nordstrom department stores it plans to shut down.

* New York & Company
The apparel chain's parent company, RTW Retailwinds, revealed plans
to close 27 stores in its portfolio in 2020, including 19 New York
& Company locations, four Fashion to Figure stores, and four New
York & Co. outlets.

* A.C. Moore
Craft-store chain A.C. Moore plans to close all 145 of its stores
in 2020, according to an announcement made by its parents company,
Nicole Crafts, in November 2019. The company said it plans to
acquire and convert around 40 locations into Michaels craft stores,
a former competitor of A.C. Moore.

* Forever 21
In October 2019, the fast-fashion mega-chain announced it would be
filing for Chapter 11 bankruptcy and planned to close up to 178
U.S. locations. "The decisions as to which domestic stores will be
closing are ongoing, pending the outcome of continued conversations
with landlords," a spokesperson for the retailer told Glamour in
2019. However, a month later, the company said it planned to reduce
the U.S. closures to 88 locations. E-commerce for the retailer is
business as usual.

* The Children's Place
Kids' apparel retailer The Children’s Place announced in June
2020 that it will close 300 of its 920 stores in the United States,
Canada, and Puerto Rico, with 200 planned for this year and 100 for
2021. E-commerce will be the company's focus.

* Bose
Electronics brand Bose is closing all of its 119 stores in the
U.S., Europe, Japan, and Australia and will focus on online retail.
According to Business Insider, approximately 130 locations will
remain open in China, the United Arab Emirates, India, and South
Korea.

* Guess
Apparel and accessories brand Guess plans to close approximately
100 stores in North America and China over the next 18 months.

* Tuesday Morning
Closeout discount decor chain Tuesday Morning filed for bankruptcy
and plans to shut down around 230 of its nearly 700 locations in
the coming months. "The prolonged and unexpected closures of our
stores in response to COVID-19 has had severe consequences on our
business," said CEO Steve Becker in a news release.

* GameStop
In 2020, the video-game chain said it expects store closures "to be
equal to or more than the 320 net closures we saw in fiscal 2019 on
a global basis."

* Bed, Bath & Beyond
The home-goods giant announced plans to close dozens of stores in
at least eight U.S. states in 2020. See the list of closures here.

* Sears & Kmart
In November 2019, Sears revealed plans to close 96 stores in
February 2020, including 51 Sears locations and 45 Kmart stores.
(The chairman of Kmart purchased Sears for $11 billion in 2004.)

* Hallmark
Business Insider reported that at least 16 Hallmark-branded stores
in 12 states would close in the first half of 2020, according to
local reports and social media posts by store owners.

Starbucks
In June 2020, the coffee giant said it will close up to 400
company-owned stores in the U.S. and Canada over the next 18
months, as it rolls out new-format stores and makes other changes
better suited to quick pickup and convenience.




[*] Iron Mountain: Lawyers' COVID-19 Checklist on Tech Acquisitions
-------------------------------------------------------------------
Jonathan Chisholm of Iron Mountain wrote on JDSupra an article
titled "A COVID-19 Checklist for Lawyers as you Advise Clients on
Technology Acquisitions":

As we ride out the wave of the COVID-19 pandemic, companies
continue to prepare for the unexpected.  The impact on our economy
will no doubt lead to vendor disagreements, litigation, and
bankruptcies or business closures -- especially as smaller
companies struggle to stay afloat.  Now is the time to advise
clients to actively re-evaluate their software and technology
acquisitions, and consider software escrow as a risk mitigation
tool to support business-critical technology.

Here are three areas you should think about as you advise clients
on acquiring and/or maintaining the technology they use to run
their businesses.  No doubt you have already recommended software
escrow for risk mitigation, but as reported in The National Law
Review, licensees and licensors need to prepare for potential
bankruptcies caused by COVID-19.  That's why paying attention to
the details around an escrow agreement are especially important
now.

1. Make sure the software escrow agreement is actually in place.
You advised your clients to set up escrow for a business-critical
technology, but did the escrow agreement get set up? As a best
practice, we advise that the escrow agreement is signed and set up
at the same time the software license is signed. This takes care of
escrow when it is still top of mind.

If the statement "the escrow shall be set up within 90 days after
the execution of the main agreement" sounds familiar, there is a
good chance the escrow could have been forgotten. Last year, Iron
Mountain data shows that 32% of all escrow inquiries ended up
inactive and closed. We believe that despite good intentions,
people forget to do escrow. Advise your clients to review their
agreements to ensure that their escrow protection is in place. Too
often, companies think they have an active escrow agreement place,
however, when circumstances arise, and they need to release the
escrow deposit, they realize it was never set up. If your client is
unsure of the status, engage with your escrow agent to get the
specifics on the agreement and when it was put into effect.

2. Once escrow is in place, is it going to work? You've worked with
your client to negotiate and set up an escrow account with a
professional escrow agent. But, has your client been actively
involved in managing the escrow? Suggest they go back and look at
the escrow agreement and ask these questions:

  * Are the contacts for both sides of the escrow updated? The
designated contact for an escrow agreement has specific
responsibilities. You don't want to find out important notices are
being sent to individuals who are no longer employed or simply not
involved.

  * When was the last update of source code? Does the code in
escrow match the version that your client is using? It's essential
to know what's in your software escrow deposit. A good escrow
deposit schedule should run parallel with the development of the
solution it supports. At a minimum, every time there is a release
of a new version of the solution, there should be a deposit in the
escrow account.

  * When was the code verified for completeness and accuracy? With
Iron Mountain, customers have four levels of escrow verification to
choose from. Did you know your client can negotiate to inspect the
deposit themselves to ensure that source code along with
third-party tools, build instructions, and other necessary
information are present? They also have the option to have a third
party review it.

Reach out to your escrow agent for help to ensure all of these
protections are in place.

3. Escrow releases are expected to increase—check your release
conditions. An escrow release happens when the developer is unable
to support the product for reasons specified in the escrow
agreement—such as bankruptcy, obsolescence, merger or
acquisition—and the escrow materials are released to the licensee
to that they can keep their business up and running.

Year-to-date in 2020, Iron Mountain has seen a 175% increase in
release requests—and the financial crisis impact is just starting
to hit small developers. Early stage software developers with
series A or B funding could run into liquidity issues.  Providers
in hard hit industries like the airlines and hospitality are facing
serious concerns about their businesses if they are unable to
pivot. We believe that maintenance/support and bankruptcy (Chapter
11 and Chapter 7) will be common release conditions in the wake of
the COVID-19 pandemic.  However, small startups without the ability
to file for formal bankruptcy protection will more likely take the
path of dissolution or ceasing to do business in ordinary course.
Work with your client to take account of the release conditions
they have in place for critical vendors and advise companies to
evaluate their vendors’ risk profile to include escrow.

Risk mitigation is important to your clients -- otherwise they
wouldn't be working with you. Make sure that all of the benefits of
a software escrow agreement are available to them.  The best escrow
arrangements have a process, and as a legal advisor, you have an
obligation to make sure your clients are protected.


[*] New Opportunities Seen as Retailers Face Uncertain Economy
--------------------------------------------------------------
Christie Moffat, writing for Bisnow Houston, reports that new
opportunities arise as retailers experienced uncertain economy in
the second half of 2020 caused by the coronavirus pandemic.

Retailers have felt the brunt of the coronavirus pandemic, closing
their doors for several weeks and reopening cautiously as
government orders have lifted. Unable to survive the economic
impact, some have filed bankruptcy, offering retailers the chance
to reorganize and shed stores that were not performing well.

The stores facing permanent closure present other retailers a rare
opportunity to secure well-located real estate that seldom comes on
the market.

Fidelis Realty Partners Vice President of Leasing Carson Wilson
told Bisnow that Pier 1 Imports, which is going through Chapter 7
bankruptcy proceedings, has very attractive real estate that will
be a target for many opportunities retailers in the market.

"One thing about Pier 1: They've traditionally had pretty good real
estate, and so they have pretty desirable boxes," Wilson said.

Fidelis has four Pier 1 stores in its portfolio, and three have
already been spoken for by other users. Ulta Beauty, Five Below and
an undisclosed retailer have signed on for those three stores,
which each have about 10K SF of retail space.

"Those have actually been quickly snatched up," Wilson said.

Not many new leases have been signed in the last few months, as
most businesses have been in mitigation and survival mode. But now,
many negotiations that were in play prior to the shutdown have
restarted, in addition to the appearance of opportunistic new
deals.

Evergreen Commercial Realty President Lilly Golden said that on the
tenant representation side of her business, she is trying to secure
quality locations occupied by retailers going through either
Chapter 7 or Chapter 11 bankruptcy, such as Pier 1, JCPenney and
Neiman Marcus.

In the wake of the coronavirus and retail fallout, landlords are
now much more willing to consider tenants that would not have
considered for a retail center in the past, Golden said.

"Landlords that were previously holding out for higher prices and
only the high-end, beat users are now getting much more creative,
and are willing to consider users that they weren’t willing to
consider previously," she said.

Tenant mix traditionally been an important part of crafting a
successful retail center. But with retailers facing an uncertain
future and seeking financial assistance, landlords are becoming
less fussy, and at the end of the day, good credit is the key,
Golden added.

Streetwise Managing Partner Ed James said, every time there is an
economic downturn, opportunistic retailers move in on quality real
estate.

"The strong will take advantage of their balance sheet to jump on
opportunities," he said.

According to James, larger discount retailers like Ross, TJ Maxx
and HomeGoods are all on the prowl, looking for big-box locations
coming onto the market. One of James' tenant clients, Cycle Gear,
has also been active in taking over some Pier 1 retail boxes.

"There's very strategic people who already raised the money to take
advantage of real estate that's coming available in a lot of
markets," James said.

Not many retail tenants have been forced to close permanently yet
in Houston. Wilson said 1% or less of the tenants in Fidelis' 12M
SF retail portfolio have shuttered their doors for good.

"The only closure we have seen have been related to bankruptcies,
and there really hasn't been a lot yet," he said. "I think that's
still to come."

James said that of Streetwise's 1.5M SF portfolio, the exposure to
tenants going through Chapter 7 or Chapter 11 bankruptcy is
currently small, but will rise as more retailers file. He
anticipate that women's clothing and soft goods retailers will be
particularly vulnerable in the current economic environment.

"We may not see bankruptcies, but you're going to see an amount of
stores that they decide to close," James said.

The coronavirus pandemic has exposed many retailers that were
already facing difficulty, accelerating the bankruptcies of some
that may have been able to last a few years before filing.



[*] Rising Bankruptcies in Louisiana’s Energy Industry
--------------------------------------------------------
Kristen Mosbrucker, writing for The Advocate, reports that
Lousiana's energy industry has experienced rising bankruptcy
filings.

Several oil and gas service businesses in Louisiana have filed for
bankruptcy protection in recent weeks amid an economic downturn
spurred by the coronavirus pandemic and low crude oil prices.

Two businesses near Lafayette, one in Houma and another in Kenner
filed for bankruptcy, all of which appear to be oil and gas
services companies. Dozens more Louisiana businesses are owed money
by the companies filing for bankruptcy, records show.

In recent weeks, the Louisiana Oil and Gas Association has said
about half its 460 member companies have told the organization that
bankruptcy was on the table as an option to survive the economic
downturn.

Hundreds of wells in Louisiana have been shut-in since the
coronavirus pandemic began. Wells are shut in for various reasons,
one of which could be lack of production. Operators aren't required
by the state to disclose why the decision was made.

Crude oil futures briefly fell below $0 several weeks ago as demand
for fuels plummeted amid stay-at-home orders across the globe to
control the spread of the coronavirus.  Storage became an issue for
a glut of oil on the market.  With some countries agreeing since
then to limit oil production and world economies gradually
reopening, the price of U.S. benchmark oil has rebounded about 20%
in the past 30 days to about $40 per barrel.

However, experts say $55 to $65 per barrel is needed by U.S.
producers.

In early June 2020, there were fewer than 300 oil rigs running
across the U.S., the lowest in recent history.  During the most
dire point of the 2014 to 2016 oil bust, there were still about 400
rigs operating. If there's less oil and gas extraction, there's
less demand for related services -- the majority of Louisiana
companies tied to the oil and gas sector.

"We are going to get hit hard," said Gifford Briggs, president of
the Louisiana Oil and Gas Association. "If you're not drilling
wells, it doesn't matter what kind of debt you have, there's not
enough business."

Once the market recovers, it may be a while for demand to bounce
back since companies are deferring or canceling major investments,
he said.

"We're competing with what little activity there is, which is
mostly in Texas," he said.

Some of the organization's members have concerns about what happens
when existing work dries up at the end of the year.

"They said, 'We've got some work to finish out 2020, but we have
nothing in 2021," Briggs said. "That V-shaped recovery is not going
to happen."

None of the companies filing in recent weeks had filed for
bankruptcy before, despite the significant downturn in the industry
in 2016.

  * In Carenco, Professional Pumping Services LLC filed for Chapter
7 bankruptcy, a liquidation of the business and auction of assets
to pay off any debts. The Lafayette-area pumping services business
has fewer than 100 creditors. It had $3.5 million in assets, much
of which was specialty equipment, with only $756,139 in
liabilities. Typically debt outweighs assets in a bankruptcy case.
A significant slice of unsecured creditors were employees of the
company owed unpaid wages.  Broussard-based C&B Sales and Services
is owed more than $66,150 as an unsecured creditor of Professional
Pumping Services; Lafayette-based Deep South Chemical is owed
$17,124; and Belle Chasse-based River Rental Tools is owed
$37,169.

  * Franklin-based SMI Companies Global Inc. filed for Chapter 11
bankruptcy, which means the company seeks to reorganize debt and
continue doing business. The company has fewer than 100 creditors,
but it owes more than $1.5 million with less than $21,000 in
assets.

* Lafayette-based Aluminum & Stainless Inc. is owed more than
$31,200; Gonsolulin Engineering in New Iberia is owed $29,000;
Lafayette Paint & Supply Inc. is owed $18,155; and Broussard-based
NI Welding Supply is owed more than $102,780, records show.

* Chester J. Marine LLC, based in Houma, filed for Chapter 11
bankruptcy seeking to reorganize the business.  It has fewer than
50 creditors and more than $1 million in assets with less than
$400,000 in liabilities.  Randolph Morgan Welding Service in
Patterson is owed more than $126,100 and Workboat Electrical
Services in Houma is owed $86,466.

* Regional Valve Corp. in Kenner filed for Chapter 11 bankruptcy.
It also has fewer than 50 creditors, which are owed more than $1.2
million. The company has less than $1 million in assets.  The
largest unsecured creditors for Regional Valve Corp. included
several business loans from $100,000 due to LoanMe and other
alternative lenders such as more than $100,000 to Green Note
Capital, another $18,600 to FundWorks LLC and an $80,000 line of
credit from On Deck.



[*] Securing Forbearance/Payment During COVID-19 Pandemic
---------------------------------------------------------
Jane Bello Burke, W. Seth Calleri, Carmine Castellano, Jessica
Chue, William Ciszewski III and Marissa Coheley of Hodgson Russ LLP
wrote an article on JDSupra titled "Securing Payment or Forbearance
in the Time of COVID-19"

The lifeblood of any business is getting paid for the goods or
services it provides. While the world economy has slowed to a
crawl, now, more than ever, businesses are focused on converting
the receivables they have issued into cash in the door. In addition
to the business realities of the COVID-19 pandemic, additional
challenges have been presented by Executive Orders amending or
limiting legal courses of action. Thus, it is important to move
carefully, whether collecting on receivables, negotiating with a
vendor, or protecting your own credit or legal rights, to ensure
that your business has complied with its contracts and the
applicable law.


In New York, the Governor has acted by Executive Order to prohibit,
limit, or delay certain payment and enforcement activities. For
example, developers who own residential apartment buildings have
been prevented from commencing or enforcing evictions until August
20, 2020. Executive Order 202.28. Similarly, they are prohibited
from imposing a fee or late charge for rent that was not paid
between March 20 and August 20. Id. Commercial developers are
similarly hamstrung. But, the same Order limits commercial mortgage
foreclosure actions through August 20, 2020: "There shall be no
initiation of a proceeding or enforcement of . . . a foreclosure of
any . . . commercial mortgage, for nonpayment of such mortgage,
owned or rented by someone that is eligible for unemployment
insurance or benefits under state or federal law or otherwise
facing financial hardship due to the COVID-19 pandemic for a period
of sixty days beginning on June 20, 2020." Lending giants Freddie
Mac and Fannie Mae announced this week that they have extended the
moratorium on foreclosures for their loans through August 31. Once
the moratoriums are lifted, it is anticipated that there will be
glut of eviction and foreclosure cases like there was when the
housing bubble burst and the Great Recession hit. There will likely
be specific rules and procedures implemented by the courts to
process those matters effectively and efficiently.


Even if a business was not seeking an eviction or foreclosure, the
courts were closed to non-essential matters for months, and
re-opening has gone in fits and starts with commercial payment
disputes taking a backseat to more pressing matters.


Whether you are the business seeking payment or the debtor seeking
forbearance, early planning and communication are key. Many
contracts contain notice provisions and require that the debtor be
given an opportunity to cure their default before any action can be
taken on the debt. Businesses seeking payment should review their
contracts closely and be sure that they have satisfied any
conditions precedent. If your business has not been paying its
invoices, be aware of any such notice and cure requirements and
taken action before the cure period expires. Practically speaking,
even if your contract does not have a notice and cure period, the
courts will want evidence that notice of the default was provided
and some amount of time was given the debtor to cure it. Some
courts have gone so far as to impose such obligations, even if the
contract itself does not explicitly require it, based on the
doctrine of good faith and fair dealing that is implied in every
contract.

In conjunction with the legal requirements, business decisions must
be made. For businesses with slow paying, or non-paying, customers,
the question is, what is your goal? Is it to collect on that one
invoice no matter what? Or is there a long term relationship with
the customer such that you are willing to forebear on collecting
immediately, but want security that it eventually will be paid? For
those who need to take immediate action to collect, there are
numerous ways to assert your rights through aggressive litigation,
filing lis pendens, or enforcing your right to recover collateral
or leased property. For those who have relationships that warrant a
mutually beneficial path forward, forbearance agreements coupled
with the necessary security to obtain future payment may be a safer
path. Depending on the method chosen, the receivable may be
converted into an instrument the creditor can use in its own
financing.


For businesses on the receiving end of such threats or actions,
understanding your rights in each situation is paramount.
Evaluation of all circumstances is essential to potentially
avoiding litigation, presenting the strongest defense, and
negotiating terms reflective of your financial capabilities. It may
be that reorganization options, including bankruptcy, provide the
best path forward. As discussed in prior alerts, your contracts may
provide defenses under the current circumstances (like force
majeure clauses), your insurance may provide coverage for the
subject losses (like business interruption coverage), or other
business factors may enable you to negotiate a favorable
resolution. To the extent circumstances lead to a bankruptcy, our
attorneys can advise you regarding the protections afforded by a
bankruptcy filing, creditor's rights, risks, and related costs.
Planning for the expiration of the moratoriums in August 2020
should be done now. Businesses do not have to accept the status
quo, but being proactive is the best path toward a favorable
outcome.



[*] Shale Companies Face Mass Bankruptcies, Business Losses
-----------------------------------------------------------
IBT Times reports that the U.S. shale oil companies experienced
massive business losses, bankruptcies and business consolidation
due to COVID-19 pandemic.

The U.S. shale oil industry is facing massive losses and a wave of
bankruptcies as low oil prices continue to pressure the beleaguered
energy sector.

Accounting and professional services firm Deloitte said in a report
that shale exploration and production companies may be forced to
write down the value of their assets by as much as $300 billion,
with heavy impairments expected in the second quarter.

"The oil industry is currently experiencing a 'great compression'
in which companies' room to maneuver is restricted by low commodity
prices, reduced demand, capital constraints, debt loads, and health
impacts of COVID-19," Deloitte said in the report. "Unlike in
previous downturns, these effects are now simultaneous -- creating
a higher level risk of technical insolvencies and building intense
pressure on the industry."

The COVID-19 pandemic and related global lockdown sapped demand and
crushed oil prices.  While oil prices have surged from April lows,
they still remain moderate by historical standards and are still
not high enough to allow most oil firms to break-even. (West Texas
Intermediate crude futures were trading at about $40 per barrel on
Monday morning.)

Deloitte estimated that about 30% of shale companies would be
"technically insolvent" with oil prices at $35, while another 20%
would have "stressed financials" at that price level.

After these heavy losses trigger more business insolvencies, mass
consolidation will take place.

"As COVID-19 impacts amplify pressures on shale companies through
2020, a wave of impairments may prompt the deepest consolidation
the industry has ever seen over the next six to 12 months," said
Duane Dickson, vice chairman at Deloitte.

Among the most prominent shale operators that have already
collapsed was Whiting Petroleum, once a dominant player in the
Bakken region. Deloitte expects more bankruptcies across the oil
and gas ecosystem in the coming weeks and months.

"The reverberations of the pandemic will extend beyond the U.S.
shale industry," Deloitte warned. "Although U.S. shale [accounts
for] less than 10% of global oil and gas production, it accounts
for 40% of the global drilling activity and [represents] nearly
100% of the growth in U.S. midstream and export-oriented refining
and petrochemical sectors over the past 10 years," Deloitte
declared. "Thus, any major developments in U.S. [shale companies]
will likely have a domino effect on the global oil and gas
industry."

But the shale oil industry had its troubles long before the
emergence of the pandemic.

Deloitte noted that the U.S. has enjoyed a shale oil boom for 15
years which has granted the country energy independence. Shale oil
production has more than doubled over the past five to six years.

"But beneath this phenomenal growth, the reality is that the shale
boom peaked without making money for the industry in aggregate,"
Deloitte said. "In fact, the U.S. shale industry registered net
negative free cash flows of $300 billion, impaired more than $450
billion of invested capital, and saw more than 190 bankruptcies
since 2010."

Then the covid-19 pandemic shattered the entire oil industry in
March 2020.

"It's largely certain that 2020 will be a trying year for the oil
and gas industry," Deloitte indicated. "The big unknown is the
post–COVID-19 environment and the Organization of the Petroleum
Exporting Countries' role in balancing oil supplies. Oil demand,
however, isn't expected to return to pre-pandemic levels anytime
soon due to the new norm of remote telecommuting, relatively stable
and stronger prospects in natural gas, decapitalized and stable
business profile of new energies, shortened supply chains, and
regionalization of trade."

Investors have now appeared to shun shale oil firms.

In fact, shale-related bankruptcies have already commenced in
earnest.

In June Extraction Oil & Gas of Denver, once a powerful name in the
industry, filed for bankruptcy after it defaulted on a bond
interest payment.

"After months of liability management and careful analysis of our
strategic options, we determined that a voluntary Chapter 11 filing
with key creditor support provides the best possible outcome for
Extraction," said Extraction chief executive officer Matt Owens.

Extraction produced nearly 100,000 barrels a day of oil equivalent
from its shale wells in Colorado's DJ Basin.

In early June, Haynes and Boone, a Dallas-based law firm, said 19
North American shale oil exploration and production companies had
already filed for bankruptcy protection since the start of the
year.


[^] BOND PRICING: For the Week from July 27 to 31, 2020
-------------------------------------------------------

  Company                     Ticker  Coupon Bid Price   Maturity
  -------                     ------  ------ ---------   --------
24 Hour Fitness Worldwide     HRFITW   8.000     1.101   6/1/2022
AMC Entertainment Holdings    AMC      5.750    23.887  6/15/2025
AMC Entertainment Holdings    AMC      5.875    24.554 11/15/2026
Ahern Rentals Inc             AHEREN   7.375    44.548  5/15/2023
Ahern Rentals Inc             AHEREN   7.375    44.413  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    85.369  1/31/2021
American Airlines 2013-1
  Class B Pass
  Through Trust               AAL      5.625    82.761  1/15/2021
American Airlines Group Inc   AAL      5.000    55.528   6/1/2022
American Airlines Group Inc   AAL      5.000    55.573   6/1/2022
American Energy-
  Permian Basin LLC           AMEPER  12.000     2.750  10/1/2024
American Energy-
  Permian Basin LLC           AMEPER  12.000     2.316  10/1/2024
American Energy-
  Permian Basin LLC           AMEPER  12.000     2.316  10/1/2024
BPZ Resources Inc             BPZR     6.500     3.017   3/1/2049
Basic Energy Services Inc     BASX    10.750    13.172 10/15/2023
Basic Energy Services Inc     BASX    10.750    12.747 10/15/2023
Bon-Ton Department Stores     BONT     8.000     9.376  6/15/2021
Bristow Group Inc/old         BRS      6.250     5.922 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    23.483 10/15/2024
CEC Entertainment Inc         CEC      8.000    12.250  2/15/2022
Calfrac Holdings LP           CFWCN    8.500    10.497  6/15/2026
Calfrac Holdings LP           CFWCN    8.500    10.420  6/15/2026
California Resources Corp     CRC      8.000     2.063 12/15/2022
California Resources Corp     CRC      6.000     1.952 11/15/2024
California Resources Corp     CRC      8.000     3.000 12/15/2022
California Resources Corp     CRC      5.500     0.250  9/15/2021
California Resources Corp     CRC      6.000     1.706 11/15/2024
Callon Petroleum Co           CPE      6.250    33.067  4/15/2023
Callon Petroleum Co           CPE      6.125    30.479  10/1/2024
Callon Petroleum Co           CPE      8.250    31.020  7/15/2025
Callon Petroleum Co           CPE      6.125    29.262  10/1/2024
Callon Petroleum Co           CPE      6.125    29.262  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     9.500   1/1/2025
Chesapeake Energy Corp        CHK      5.500     5.000  9/15/2026
Chesapeake Energy Corp        CHK      8.000     5.000  1/15/2025
Chesapeake Energy Corp        CHK      5.750     4.750  3/15/2023
Chesapeake Energy Corp        CHK      7.000     5.250  10/1/2024
Chesapeake Energy Corp        CHK      8.000     4.938  6/15/2027
Chesapeake Energy Corp        CHK     11.500     9.000   1/1/2025
Chesapeake Energy Corp        CHK      4.875     5.125  4/15/2022
Chesapeake Energy Corp        CHK      5.375     4.760  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     4.090  6/15/2027
Chesapeake Energy Corp        CHK      8.000     4.090  6/15/2027
Chesapeake Energy Corp        CHK      8.000     4.730  1/15/2025
Chesapeake Energy Corp        CHK      8.000     4.500  3/15/2026
Chesapeake Energy Corp        CHK      8.000     4.730  1/15/2025
Dean Foods Co                 DF       6.500     2.250  3/15/2023
Dean Foods Co                 DF       6.500     1.432  3/15/2023
Denbury Resources Inc         DNR      9.000    42.418  5/15/2021
Denbury Resources Inc         DNR      7.750    42.328  2/15/2024
Denbury Resources Inc         DNR      4.625     2.125  7/15/2023
Denbury Resources Inc         DNR      6.375    13.750 12/31/2024
Denbury Resources Inc         DNR      5.500     1.047   5/1/2022
Denbury Resources Inc         DNR      9.000    41.359  5/15/2021
Denbury Resources Inc         DNR      9.250    42.199  3/31/2022
Denbury Resources Inc         DNR      9.250    41.877  3/31/2022
Denbury Resources Inc         DNR      6.375    13.750 12/31/2024
Denbury Resources Inc         DNR      7.500    44.000  2/15/2024
Denbury Resources Inc         DNR      7.750    42.183  2/15/2024
Denbury Resources Inc         DNR      7.500    40.008  2/15/2024
Diamond Offshore Drilling     DOFSQ    7.875    11.250  8/15/2025
Diamond Offshore Drilling     DOFSQ    4.875    11.500  11/1/2043
Diamond Offshore Drilling     DOFSQ    5.700    11.500 10/15/2039
Diamond Offshore Drilling     DOFSQ    3.450    12.250  11/1/2023
ENSCO International           VAL      7.200    12.259 11/15/2027
EP Energy LLC / Everest
  Acquisition Finance Inc     EPENEG   7.750    27.000  5/15/2026
EP Energy LLC / Everest
  Acquisition Finance Inc     EPENEG   7.750    27.000  5/15/2026
EnLink Midstream Partners LP  ENLK     6.000    39.250       N/A
Energy Conversion Devices     ENER     3.000     7.875  6/15/2013
Energy Future Competitive
  Holdings Co LLC             TXU      1.049     0.072  1/30/2037
Exela Intermediate LLC /
  Exela Finance Inc           EXLINT  10.000    24.901  7/15/2023
Exela Intermediate LLC /
  Exela Finance Inc           EXLINT  10.000    24.482  7/15/2023
Extraction Oil & Gas          XOG      7.375    22.000  5/15/2024
Extraction Oil & Gas          XOG      5.625    21.750   2/1/2026
Extraction Oil & Gas          XOG      5.625    21.414   2/1/2026
Extraction Oil & Gas          XOG      7.375    16.050  5/15/2024
FTS International             FTSINT   6.250    28.958   5/1/2022
Federal Home Loan Banks       FHLB     1.740    99.669   2/5/2024
Federal Home Loan Banks       FHLB     2.400    99.662   5/5/2045
Federal Home Loan Banks       FHLB     1.875    99.508   2/4/2025
Federal Home Loan Banks       FHLB     1.600    99.450   8/4/2022
Federal Home Loan
  Mortgage Corp               FHLMC    1.750    99.448  11/7/2023
Federal Home Loan
  Mortgage Corp               FHLMC    0.625    99.206   2/5/2024
Federal Home Loan
  Mortgage Corp               FHLMC    1.650    99.476   2/4/2022
Federal Home Loan
  Mortgage Corp               FHLMC    1.700    99.276  11/7/2023
Federal Home Loan
  Mortgage Corp               FHLMC    0.400    99.220  11/7/2022
Fleetwood Enterprises         FLTW    14.000     3.557 12/15/2011
Ford Motor Credit Co LLC      F        3.157    99.892   8/4/2020
Forum Energy Technologies     FET      6.250    42.138  10/1/2021
Frontier Communications       FTR     11.000    35.625  9/15/2025
Frontier Communications       FTR     10.500    34.250  9/15/2022
Frontier Communications       FTR      8.750    32.750  4/15/2022
Frontier Communications       FTR      7.125    32.484  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    30.520   7/1/2021
Frontier Communications       FTR     11.000    35.392  9/15/2025
Frontier Communications       FTR     11.000    35.392  9/15/2025
Frontier Communications       FTR     10.500    34.253  9/15/2022
Frontier Communications       FTR     10.500    34.253  9/15/2022
General Electric Co           GE       5.000    79.250       N/A
Global Eagle Entertainment    ENT      2.750     7.576  2/15/2035
Goldman Sachs Group Inc/The   GS       1.901    99.549   8/6/2020
Goodman Networks              GOODNT   8.000    19.875  5/11/2022
Great Western Petroleum
  LLC / Great Western
  Finance Corp                GRTWST   9.000    57.190  9/30/2021
Great Western Petroleum
  LLC / Great Western
  Finance Corp                GRTWST   9.000    57.154  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                 GTRC     9.500    70.815 10/15/2021
Guitar Center                 GTRC     9.500    71.471 10/15/2021
Hertz Corp/The                HTZ      6.250    39.500 10/15/2022
Hertz Corp/The                HTZ      7.000    26.222  1/15/2028
Hi-Crush                      HCR      9.500     3.500   8/1/2026
Hi-Crush                      HCR      9.500    11.000   8/1/2026
High Ridge Brands Co          HIRIDG   8.875     3.500  3/15/2025
High Ridge Brands Co          HIRIDG   8.875     2.797  3/15/2025
HighPoint Operating           HPR      7.000    26.928 10/15/2022
HighPoint Operating           HPR      8.750    25.911  6/15/2025
International Paper Co        IP       7.500   106.674  8/15/2021
International Wire Group      ITWG    10.750    83.573   8/1/2021
International Wire Group      ITWG    10.750    83.573   8/1/2021
J Crew Brand LLC /
  J Crew Brand Corp           JCREWB  13.000    50.500  9/15/2021
JC Penney Corp                JCP      6.375     0.450 10/15/2036
JC Penney Corp                JCP      5.875    37.970   7/1/2023
JC Penney Corp                JCP      8.625     0.625  3/15/2025
JC Penney Corp                JCP      7.400     0.500   4/1/2037
JC Penney Corp                JCP      5.875    32.000   7/1/2023
JC Penney Corp                JCP      7.125     0.712 11/15/2023
JC Penney Corp                JCP      8.625     2.500  3/15/2025
Jabil                         JBL      5.625   101.971 12/15/2020
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       HOV      5.000    10.899   2/1/2040
K Hovnanian Enterprises       HOV      5.000    10.899   2/1/2040
LSC Communications            LKSD     8.750    17.875 10/15/2023
LSC Communications            LKSD     8.750     2.875 10/15/2023
Lexicon Pharmaceuticals       LXRX     5.250    61.988  12/1/2021
Liberty Media                 LMCA     2.250    48.000  9/30/2046
Lonestar Resources America    LONE    11.250    13.665   1/1/2023
Lonestar Resources America    LONE    11.250    13.328   1/1/2023
MAI Holdings                  MAIHLD   9.500    16.116   6/1/2023
MAI Holdings                  MAIHLD   9.500    16.116   6/1/2023
MAI Holdings                  MAIHLD   9.500    16.116   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    80.977  2/15/2021
Martin Midstream Partners
  LP / Martin Midstream
  Finance Corp                MMLP     7.250    79.526  2/15/2021
Martin Midstream Partners
  LP / Martin Midstream
  Finance Corp                MMLP     7.250    79.526  2/15/2021
Mashantucket Western
  Pequot Tribe                MASHTU   7.350    15.625   7/1/2026
McClatchy Co/The              MNIQQ    6.875    11.500  7/15/2031
McClatchy Co/The              MNIQQ    6.875     2.500  3/15/2029
McClatchy Co/The              MNIQQ    7.150     1.572  11/1/2027
Men's Wearhouse Inc/The       TLRD     7.000     1.938   7/1/2022
Men's Wearhouse Inc/The       TLRD     7.000     2.279   7/1/2022
Morgan Stanley                MS       2.120    96.735   9/1/2020
Murray Energy                 MURREN  12.000     0.635  4/15/2024
Murray Energy                 MURREN  12.000     0.635  4/15/2024
NWH Escrow                    HARDWD   7.500    46.466   8/1/2021
NWH Escrow                    HARDWD   7.500    46.466   8/1/2021
Nabors Industries             NBR      0.750    30.500  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     6.244 10/25/2024
Neiman Marcus Group
  LTD LLC / Neiman Marcus
  Group LLC / Mariposa
  Borrower / NMG              NMG      8.750     6.063 10/25/2024
Neiman Marcus Group
  LTD LLC / Neiman Marcus
  Group LLC / Mariposa
  Borrower / NMG              NMG     14.000    28.825  4/25/2024
Neiman Marcus Group Ltd LLC   NMG      8.750    53.625 10/15/2021
Neiman Marcus Group Ltd LLC   NMG      8.000    58.756 10/15/2021
Neiman Marcus Group Ltd LLC   NMG      8.000    58.756 10/15/2021
Neiman Marcus Group Ltd LLC   NMG      8.750    53.625 10/15/2021
Nine Energy Service           NINE     8.750    49.021  11/1/2023
Nine Energy Service           NINE     8.750    49.303  11/1/2023
Nine Energy Service           NINE     8.750    49.672  11/1/2023
Northwest Hardwoods           HARDWD   7.500    35.000   8/1/2021
Northwest Hardwoods           HARDWD   7.500    34.415   8/1/2021
OMX Timber Finance
  Investments II LLC          OMX      5.540     1.660  1/29/2020
Oasis Petroleum               OAS      6.875    18.385  3/15/2022
Oasis Petroleum               OAS      2.625    12.500  9/15/2023
Oasis Petroleum               OAS      6.875    18.797  1/15/2023
Oasis Petroleum               OAS      6.250    17.779   5/1/2026
Oasis Petroleum               OAS      6.500    19.094  11/1/2021
Oasis Petroleum               OAS      6.250    17.881   5/1/2026
Omnimax International         EURAMX  12.000    82.250  8/15/2020
Omnimax International         EURAMX  12.000    82.095  8/15/2020
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    47.785   6/1/2021
PHH                           PHH      6.375    62.924  8/15/2021
Party City Holdings           PRTY     6.625    14.938   8/1/2026
Party City Holdings           PRTY     6.125    15.350  8/15/2023
Party City Holdings           PRTY     6.625    15.160   8/1/2026
Party City Holdings           PRTY     6.125    16.907  8/15/2023
Peabody Energy                BTU      6.000    62.022  3/31/2022
Peabody Energy                BTU      6.000    61.452  3/31/2022
Pride International LLC       VAL      7.875     7.002  8/15/2040
Renco Metals                  RENCO   11.500    24.875   7/1/2003
Revlon Consumer Products      REV      5.750    32.788  2/15/2021
Revlon Consumer Products      REV      6.250    17.084   8/1/2024
Rolta LLC                     RLTAIN  10.750     7.116  5/16/2018
SESI LLC                      SPN      7.125    40.250 12/15/2021
SESI LLC                      SPN      7.125    38.404 12/15/2021
SESI LLC                      SPN      7.750    33.049  9/15/2024
SanDisk LLC                   SNDK     0.500    84.859 10/15/2020
Sears Holdings                SHLD     6.625     9.000 10/15/2018
Sears Holdings                SHLD     8.000     1.301 12/15/2019
Sears Holdings                SHLD     6.625     6.025 10/15/2018
Sears Roebuck
  Acceptance Corp             SHLD     7.500     0.468 10/15/2027
Sears Roebuck
  Acceptance Corp             SHLD     7.000     0.445   6/1/2032
Sears Roebuck
  Acceptance Corp             SHLD     6.750     0.673  1/15/2028
Sears Roebuck
  Acceptance Corp             SHLD     6.500     0.563  12/1/2028
Sempra Texas Holdings         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     0.680   6/1/2022
Tapstone Energy LLC /
  Tapstone Energy
  Finance Corp                TAPENE   9.750     0.680   6/1/2022
Teligent Inc/NJ               TLGT     4.750    39.826   5/1/2023
TerraVia Holdings             TVIA     5.000     4.644  10/1/2019
Tesla Energy Operations       TSLAEN   3.600    99.610   8/6/2020
Transworld Systems            TSIACQ   9.500    26.978  8/15/2021
Ultra Resources Inc/US        UPL     11.000     5.500  7/12/2024
Unit                          UNTUS    6.625    14.500  5/15/2021
Voyager Aviation Holdings
  LLC / Voyager Finance Co    VAHLLC   8.500    72.671  8/15/2021
Voyager Aviation Holdings
  LLC / Voyager Finance Co    VAHLLC   8.500    72.878  8/15/2021
Whiting Petroleum             WLL      6.625    18.750  1/15/2026
Whiting Petroleum             WLL      5.750    17.000  3/15/2021
Whiting Petroleum             WLL      6.250    18.000   4/1/2023
Whiting Petroleum             WLL      6.625    18.487  1/15/2026
Whiting Petroleum             WLL      6.625    18.487  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     2.090   8/1/2023
Windstream Services LLC /
  Windstream Finance Corp     WIN      6.375     5.000   8/1/2023
Windstream Services LLC /
  Windstream Finance Corp     WIN      9.000     1.910  6/30/2025
Windstream Services LLC /
  Windstream Finance Corp     WIN      8.750     2.750 12/15/2024
Windstream Services LLC /
  Windstream Finance Corp     WIN     10.500     4.192  6/30/2024
Windstream Services LLC /
  Windstream Finance Corp     WIN      8.750     1.043 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
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equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
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includes links to freely downloadable images of these small-dollar
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Each Friday's edition of the TCR includes a review about a book of
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
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.

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                   *** End of Transmission ***