/raid1/www/Hosts/bankrupt/TCR_Public/200827.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, August 27, 2020, Vol. 24, No. 239

                            Headlines

1116 MAPLE STREET: Taps Margulies Faith as Bankruptcy Counsel
2806 PARADISE: Sept. 15 Plan & Disclosure Hearing Set
AAC HOLDINGS: Lays Out Auction Schedule for Brentwood Sale
ABILITY INC: Ziv Haft Raises Substantial Going Concern Doubt
ADAMIS PHARMACEUTICALS: Four Proposals Passed at Annual Meeting

AIR CANADA: S&P Downgrades ICR to 'B+'; Outlook Negative
AIRXCEL INC: S&P Affirms 'B-' ICR; Outlook Stable on RV Demand
ALLIED WELDING: Aug. 27 Disclosure Statement Hearing Set
AME ZION: Seeks to Hire Gabriel Liberman as Bankruptcy Counsel
ANDES INDUSTRIES: Creditors' Committee Objects to Plan Disclosures

ANDES INDUSTRIES: Soontai Tech Objects to Joint Disclosures
ANGEL'S TOUCH: Plan of Reorganization Confirmed by Judge
ANTELOPE VALLEY: Moody's Affirms Ba3 Ratings, Outlook Negative
APPALACHIAN CHRISTIAN: Fitch Cuts Series 2013 Bonds to 'D'
ATHLETICO HOLDINGS: S&P Affirms 'B' ICR; Outlook Negative

BARRE N9NE: Has Until October 30 to File Combined Plan & Disclosure
BELLE INVESTMENTS: Laura Ervin Objects to Amended Disclosure
BHF CHICAGO: Has Until Oct. 12 to File Plan & Disclosures
BIOSTAGE INC: Incurs $1.2 Million Net Loss in Second Quarter
BOMBARDIER INC: Fitch Rates Sr. Unsecured Notes to 'CCC/RR4'

BORDEN DAIRY: Completes Sale to Capitol Peak Partners and KKR
BRUIN E&P: Creidtors Owed at Least $1-Bil. to Get Equity in Plan
BURBANK HILLS: Case Summary & Unsecured Creditor
C.B. HONEYCUTT: Hires Essex Richards as Bankruptcy Counsel
CALIFORNIA RESOURCES: Gov. Urged to Keep Cleanup Obligations

CANCER GENETICS: Signs Definitive Merger Agreement with StemoniX
CBL & ASSOCIATES: Disputes Alleged Defaults
CEC ENTERTAINMENT: Committee Taps A&M as Financial Advisor
CEC ENTERTAINMENT: Committee Taps Kelley Drye as Lead Counsel
CEC ENTERTAINMENT: Committee Taps Womble Bond as Co-Counsel

CHUCK E. CHEESE: Noteholders Oppose Use of Cash Amid Shutdown
COMMUNITY HOME: District Court Vacates Fee Award
CORNELL ST: U.S. Trustee Objects to Plan of Reorganization
CUENTAS INC: Shareholders Pass Two Proposals at Special Meeting
DELTA AIR: Fitch Rates Guaranteed Revenue Bonds 'BB+/RR4'

DENIHAN HOSPITALITY: Ashkenazy Urges Surrey Hotel to Sell Assets
DIOCESE OF BUFFALO: Victims Balk at $162K for PR Consultant
EVEN STEVENS: Creditors to Get Paid by Asset Sale Proceeds
EYEPOINT PHARMACEUTICALS: Gets $9.5M Upfront Cash from Ocumension
FACEBANK INTERNATIONAL: DBRS Confirms BB LongTerm Issuer Rating

GALICIAFLPOKE LLC: May Use Cash Collateral Until September 15
GARBANZO MEDITERRANEAN: Seeks to Hire Carmody MacDonald as Counsel
GB HOLDINGS: Seeks to Hire Giddens Mitchell as Legal Counsel
GJK FL ENTERPRISES: May Use Cash Collateral Thru Sept. 15
GREEN EARTH: August 27 Plan Confirmation Hearing Set

GULF AVIATION: Plan of Reorganization Confirmed by Judge
H & S TOWING: Disclosure Hearing Continued to Sept. 22
HANNON ARMSTRONG: Fitch Rates $375MM Unsecured Notes 'BB+'
HI-CRUSH INC: Risk of Notes Default Casts Going Concern Doubt
HILCORP ENERGY I: Moody's Cuts CFR to Ba2 & Unsecured Notes to Ba3

J.C. PENNEY: Casper, Wyo. Location Spared from Store Closures
J.D. BEAVERS: Unsecured Creditors to Have 17% Recovery Under Plan
JRSIS HEALTH: Centurion ZD CPA & Co. Raises Going Concern Doubt
KCIBT HOLDINGS: S&P Lowers Long-Term ICR to 'SD'
KINTARA THERAPEUTICS: Closes Additional $2.2M Private Placement

KOHO SOFTWARE: Has Until Sept. 15 to File Plan
LANDS' END: Term Loan Nearing Maturity Casts Going Concern Doubt
LIBBEY INC: Discloses Substantial Doubt on Remaining Going Concern
LIBERTY FOOD: UFCW Trustees' Bid for Default Judgment Nixed
LILIS ENERGY: Has $1.9M Net Loss for the Quarter Ended March 31

LSC COMMUNICATIONS: Has $63.0M Net Loss for Quarter Ended June 30
LUBY'S INC: Has $25.0-Mil. Net Loss for the Quarter Ended June 3
MACY'S INC: Exececutives Get $9 Million in Bonuses
MEDIQUIRE INC: Liquidating Plan Confirmed by Judge
MEDTAINER INC: Posts $333K Net Loss for the Quarter Ended March 31

MID-CON ENERGY: Says Substantial Doubt on Going Concern Exists
MITCHAM INDUSTRIES: Reports $6.6M Net Loss for April 30 Quarter
MOBIQUITY TECHNOLOGIES: Deficit Raises Going Concern Doubt
MODERN VIDEOFILM: Disclosure Hearing Continued to Nov. 18
MOTIF DIAMOND: US Trustee Objects to Combined Plan & Disclosures

MOUNT GROUP: Seeks to Tap Randall P. Whately as Special Counsel
MOUNTAIN PROVINCE: To Seek OK for Proposed Financing Solutions
MYOS RENS: Posts $771,000 Net Loss for the Quarter Ended June 30
NEIMAN MARCUS: UST Says Retailer Must Justify Exec. Payouts
NEUROMETRIX INC: Posts $852,000 Net Loss for Quarter Ended June 30

NEW YORK HOSPITALITY: Hires Calzaretto & Company as Accountant
NN INC: Moody's Places Caa2 CFR on Review for Upgrade
NN INC: S&P Places 'B-' Issuer Credit Rating on Watch Developing
NORTHWEST BIOTHERAPEUTICS: Losses Cast Going Concern Doubt
NOVABAY PHARMACEUTICALS: Appoints CEO Justin Hall to Board

NUANCE ENERGY: Case Summary & 20 Largest Unsecured Creditors
OAK HOLDINGS: S&P Lowers ICR to 'B-' on Declining Demand
OBALON THERAPEUTICS: Recurring Losses Cast Going Concern Doubt
OGGUSA INC: Seeks Approval to Tap Freed Maxick as Accountant
OLEUM EXPLORATION: Seeks to Hire James Law Firm as Texas Counsel

ONCOSEC MEDICAL: Posts $9.9-Mil. Net Loss for the April 30 Quarter
ONEWEB GLOBAL: Plan Sponsor to Provide Funding
OWENS & MINOR: Moody's Alters Outlook on B3 CFR to Stable
PETROTEQ ENERGY: Posts $1.11-Mil. Net Loss for Quarter Ended May 31
PG&E CORP:Sued by Residents & Companies Weeks After Bankruptcy Exit

PHYTO-PLUS INC: Sept. 2 Plan Confirmation Hearing Set
PIERCE WILLIAMS: Seeks Approval to Hire Litigation Counsel
PUGNACIOUS ENDEAVORS: S&P Rates $330MM Senior Secured Term Loan B-
RYFIELD PROPERTIES: Taps Patrick Irwin Law Firm as Special Counsel
SLIDEBELTS INC: Voluntary Chapter 11 Case Summary

SM-T.E.H. REALTY: Seeks to Tap Georgeadis Setley as Special Counsel
SOUTHWEST WINNERS: S&P Rates 2020A-B Educational Revenue Bonds BB+
TEMPLAR ENERGY: Prepackaged Plan of Liquidation Confirmed by Judge
TENSAR CORP: S&P Lowers ICR to 'CCC' on Higher Refinancing Risk
THOMPSON NATIONAL: Disclosure Motion Hearing Continued to Sep. 24

TREEHOUSE FOODS: Moody's Rates New $400MM Unsecured Notes 'B2'
TREEHOUSE FOODS: S&P Alters Outlook to Stable, Affirms 'BB-' ICR
UNIT CORPORATION: Seeks to Hire Grant Thornton as Auditor
UNITED CANVAS: Case Summary & 20 Largest Unsecured Creditors
WANSDOWN PROPERTIES: Amended Chapter 11 Plan Confirmed by Judge

WASHINGTON PRIME: S&P Lowers ICR to 'CCC'; Outlook Negative
WOOD PROTECTION: Seeks Court Approval to Hire Bankruptcy Attorney
ZOHAR III: Dispute with Tilton et al. Not Amenable to Mediation
[*] S&P Takes Various Rating Actions in Business Services Sector
[^] Recent Small-Dollar & Individual Chapter 11 Filings


                            *********

1116 MAPLE STREET: Taps Margulies Faith as Bankruptcy Counsel
-------------------------------------------------------------
1116 Maple Street, LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire Margulies
Faith, LLP as its bankruptcy counsel.

The firm will render these services in connection with Debtor's
Chapter 11 case:

     (a) advise Debtor regarding matters of bankruptcy law;

     (b) advise Debtor regarding its legal rights and
responsibilities and assist in the administration of its bankruptcy
estate;

     (c) assist in the sale of Debtor's assets;

     (d) advise Debtor with respect to the negotiation, preparation
and confirmation of a plan of reorganization;

     (e) represent Debtor in proceedings or hearings before the
bankruptcy court; and

     (f) prepare legal papers.

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

          Partners                       Hourly Rate
          Jeremy W. Faith, Esq.             $610
          Craig G. Margulies, Esq.          $610
          Monsi Morales, Esq.               $500
          Meghann Triplett, Esq.            $450

          Senior Associates              Hourly Rate
          Ori Blumenfeld, Esq.              $435

          Associates                     Hourly Rate
          Anna Landa, Esq.                  $425

          Paralegals                     Hourly Rate
          Helen Cardoza                     $230
          Angela Saba                       $225

Margulies Faith received a pre-bankruptcy retainer in the amount of
$100,000 from Debtor.  Debtor will pay the firm $15,000 per month
once the retainer is depleted.

Jeremy Faith, Esq., a partner at Margulies Faith, disclosed in a
court filing that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeremy W. Faith, Esq.
     Monsi Morales, Esq.  
     Margulies Faith LLP
     16030 Ventura Blvd., Suite 470
     Encino, CA 91436
     Telephone: (818) 705-2777
     Facsimile: (818) 705-3777
     Email: Jeremy@MarguliesFaithLaw.com
            Monsi@MarguliesFaithLaw.com

                    About 1116 Maple Street LLC

1116 Maple Street, LLC is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)). It has 100 percent fee
interest in a property located at 1116 East Maple St., Glendale,
Calif., valued by Debtor at $5 million.

1116 Maple Street sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 20-16362) on July 14,
2020. Mihran Tcholakian, managing member, signed the petition.  At
the time of the filing, Debtor disclosed assets of $5,057,759 and
liabilities of $4,871,355.

Judge Barry Russell oversees the case.  Margulies Faith LLP is
Debtor's legal counsel.


2806 PARADISE: Sept. 15 Plan & Disclosure Hearing Set
-----------------------------------------------------
2806 Paradise Isle LLC, a Nevada limited-liability company, filed
with the U.S. Bankruptcy Court for the District of Nevada an ex
parte motion to conditionally approve the Disclosure Statement.

On July 17, 2020, Judge Gary Spraker granted the motion and ordered
that:

   * That Debtor's proposed Disclosure Statement contains adequate
information and is approved on a conditional basis;

   * That Debtor will distribute solicitation packages consisting
of: (i) the Disclosure Statement, together with all attachments
thereto, including the Plan; (ii) this order conditionally
approving the Disclosure Statement; (iii) the Ballot, as
appropriate; and (iv) the Combined Hearing Notice.

   * Aug. 25, 2020 at 5:00 p.m. is fixed as the last day to
properly execute and deliver all Ballots.

   * Sept. 1, 2020 is the deadline for filing and serving
objections to the adequacy of the Disclosure Statement and/or
confirmation of the Plan.

   * Sept. 8, 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.

   * Sept. 15, 2020, at 9:30 a.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 July 17, 2020, is available at
https://tinyurl.com/y5gmo3mk from PacerMonitor at no charge.

Counsel for the Debtor:

         ANDERSEN LAW FIRM, LTD.
         Ryan A. Andersen, Esq.
         Ani Biesiada, Esq.
         3199 E Warm Springs Rd, Ste 400
         Las Vegas, Nevada 89120

                    About 2806 Paradise Isle

2806 Paradise Isle, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-12795) on May 14, 2018.
At the time of the filing, the Debtor was estimated to have assets
of less than $500,000 and liabilities of less than $1 million.
Judge Laurel E. Babero presides over the case.  The Debtor tapped
Andersen Law Firm, Ltd. as its legal counsel.


AAC HOLDINGS: Lays Out Auction Schedule for Brentwood Sale
----------------------------------------------------------
Geert De Lombaerde, writing for Nashville Post, reports that
lawyers and investment bankers for AAC Holdings have delineated the
process for selling all or parts of the Brentwood company, which
filed for bankruptcy June 2020.

In recent filings in a Delaware court, AAC representatives say they
are looking for potential buyers to submit indications of interest
by Aug. 14, 2020 and to make formal bids by Sept. 11, 2020.  The
group of five investment firms that control most of AAC's
pre-bankruptcy debt and have lent the addiction treatment services
provider about $62 million since its Chapter 11 filing will then
get to decide whether to go to an auction with one or more
submitted bids or to push forward with a restructuring plan that
will have them own outright a reorganized AAC.  If an auction takes
place, it is scheduled for Sept. 21, 2020.

The five firms in charge of the process are, in order of their
holdings of pre-Chapter 11 AAC debt:

   * Brightwood Capital Advisors out of New York, which owns about
$76 million worth of debt
   * HG Vora Capital Management, a New York firm that has also been
active of late in Tivity Health's affairs ($62 million)
   * CQS LLC, a credit-focused asset manager with four offices
around the world (nearly $43 million)
   * Main Street Capital Corp. out of Houston ($35 million)
   * Dallas-based Capital Southwest Corp. ($20 million)

That quintet is continuing to look for possible acquirers for AAC
with the help of investment bank Cantor Fitzgerald.  Since March of
last year, Cantor bankers have been scouring for buyers or private
equity sponsors for AAC, which at one point was valued at more than
$1 billion but ran into trouble after loading up on debt to pay $85
million for AdCare in 2017 and a year later having much of its
possible patient pipeline pulled out from underneath it when Google
changed a search algorithm.

Cantor last year rounded up four formal indications of interest
that went nowhere and this spring combed through a group of more
than 50 possible buyers and sponsors.  That process resulted in
three proposals that didn't pan out.

Not everyone is totally fine with Cantor's involvement going
forward, however.  The recently appointed committee of unsecured
creditors told the court hat, while it is fine with Cantor running
a sale process, it was the firm's compensation structure to be
adjusted.  As currently structured, Cantor is set to be paid both a
restructuring fee and a sale fee should AAC's assets be sold for
less than the value of its roughly $400 million in secured debt.
The creditors committee says that would be unreasonable and out of
line with similarly-sized Chapter 11 cases.  An attorney for AAC
says the issue has been resolved in principle.

                      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.  Debtors disclosed that they had $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 their bankruptcy
counsel, Chipman Brown Cicero & Cole, LLP as conflicts counsel,
and
Cantor Fitzgerald as investment banker.  Donlin, Recano & Company,
Inc. is Debtors' notice, claims and balloting agent and
administrative advisor.

The U.S. Trustee for Regions 3 and 9 appointed a committee of
unsecured creditors.  The committee is represented by Cole Schotz
P.C.


ABILITY INC: Ziv Haft Raises Substantial Going Concern Doubt
------------------------------------------------------------
Ability Inc. filed with the U.S. Securities and Exchange Commission
its annual report on Form 20-F, disclosing a net and comprehensive
loss of $7,737,000 on $1,885,000 of revenues for the year ended
Dec. 31, 2019, compared to a net and comprehensive loss of
$10,189,000 on $539,000 of revenues for the year ended in 2018.

The audit report of Ziv Haft states that the Company has an
accumulated deficit, working capital deficit, suffered recurring
losses and has negative operating cash flow.  Additionally, the
Company is under an investigation of the Israeli Ministry of
Defense, which ordered a suspension of certain export licenses.
Additionally, severe restrictions imposed by many countries on
global travel as a result of the coronavirus disease of 2019
("COVID-19") outbreak have impeded the Group's ability to complete
the phase of the systems acceptances.  These matters, along with
other reasons, raise substantial doubt about the Company's ability
to continue as a going concern.

The Company's balance sheet at Dec. 31, 2019, showed total assets
of $17,215,000, total liabilities of $20,080,000, and $2,865,000 in
total shareholders' deficit.

A copy of the Form 20-F is available at:

                       https://is.gd/QE3TdX

Ability Inc., through its subsidiaries, provides interception,
geolocation, and cyber intelligence products and solutions for
security and intelligence agencies, military forces, law
enforcement agencies, and homeland security agencies worldwide. It
specializes in off-air interception of voice, SMS, and data
communication from cellular and satellite communication networks;
and deciphering solutions for cellular and satellite
communications. The company offers strategic and tactical cellular
interception systems for intercepting mobile phone traffic and
tracking mobile phone users; and satellite interception systems. It
also provides geolocation systems to geographically target mobile
phones; and cyber solutions that enable the user to extract and
view information from mobile phones. Ability Inc. was founded in
1994 and is headquartered in Tel Aviv, Israel.



ADAMIS PHARMACEUTICALS: Four Proposals Passed at Annual Meeting
---------------------------------------------------------------
The 2020 annual meeting of stockholders of Adamis Pharmaceuticals
Corporation was held virtually on Aug. 20, 2020, at which the
stockholders:

   (1) elected Howard C. Birndorf, Roshawn A. Blunt, Dennis J.
       Carlo, Ph.D., David J. Marguglio, and Richard C. Williams
       to serve as directors until the Company's annual meeting
       of stockholders in 2021, or until such person's successor
       is duly elected and qualified, or until such person's
       earlier resignation, death, or removal;

   (2) approved the 2020 Equity Incentive Plan;

   (3) did not approve, on a nonbinding advisory basis, the
       compensation of the Company's named executive officers;

   (4) ratified the selection of BDO USA, LLP, as independent
       registered public accounting firm for the year ending
       Dec. 31, 2020; and

   (5) approved the adjournment of the Meeting, if necessary or
       appropriate, to solicit additional proxies if there are
       insufficient votes at the time of the Meeting to adopt any
       of the foregoing proposals.

With respect to Proposal No. 2, approval of an amendment to the
Company's Restated Certificate of Incorporation to increase the
number of shares of common stock authorized to be issued by the
Company from 100,000,000 to 200,000,000, and Proposal No. 3
described in the Proxy Statement, approval of an amendment to the
Company's Restated Certificate of Incorporation to effect a reverse
stock split of the outstanding shares of common stock, if the Board
of Directors of the Company in its discretion determines to effect
a reverse stock split at any time before Dec. 31, 2020, at a
reverse stock split ratio ranging from 1-for-2 to 1-for-15, as
determined by the Board of Directors at a later date, the meeting
was adjourned in order to allow the Company additional time to
solicit proxies for those proposals before they are vote upon.  The
meeting was adjourned until Sept. 3, 2020, at 10:00 a.m. Pacific
Time.  The adjourned meeting will be a completely "virtual" meeting
of stockholders, and stockholders will be able to listen and
participate in the virtual meeting as well as vote and submit
questions during the live webcast of the meeting by visiting
www.virtualshareholdermeeting.com/ADMP2020. To participate in the
virtual meeting, stockholders will need the control number found on
their proxy card or in the instructions that accompanied their
proxy materials.  Only stockholders of record on the record date of
June 23, 2020, are entitled to vote.

                 About Adamis Pharmaceuticals

Adamis Pharmaceuticals Corporation --
http://www.adamispharmaceuticals.com/-- is a specialty
biopharmaceutical company primarily focused on developing and
commercializing products in various therapeutic areas, including
respiratory disease, allergy and opioid overdose. The company's
SYMJEPI (epinephrine) Injection 0.3mg and SYMJEPI (epinephrine)
Injection 0.15mg products were approved by the FDA for use in the
emergency treatment of acute allergic reactions, including
anaphylaxis.

Adamis reported a net loss of $29.31 million for the year ended
Dec. 31, 2019, compared to a net loss of $39 million for the year
ended Dec. 31, 2018.  As of June 30, 2020, the Company had $39.70
million in total assets, $16.58 million in total liabilities, and
$23.12 million in total stockholders' equity.

Mayer Hoffman McCann P.C., in San Diego, California, the Company's
auditor since 2007, issued a "going concern" qualification in its
report dated March 30, 2020 citing that the Company has incurred
recurring losses from operations and is dependent on additional
financing to fund operations.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


AIR CANADA: S&P Downgrades ICR to 'B+'; Outlook Negative
--------------------------------------------------------
S&P Global Ratings lowered all of its ratings on Air Canada by one
notch, including its issuer credit rating on the company to 'B+'
from 'BB-'. At the same time, S&P removed all of the ratings from
CreditWatch, where they had been placed with negative implications
March 20, 2020.

"We expect Air Canada to generate weaker credit metrics over the
next few years than previously assumed due in part on our view of a
more gradual recovery in air travel demand. The downgrade primarily
reflects our expectation that the recovery in air travel demand
will be slower than previously assumed," S&P said.

S&P assumes Air Canada's passenger revenue miles (traffic) will be
60%-70% lower in 2020, 30%-40% lower in 2021, 15%-20% lower in
2022, and they will not return to 2019 levels until at least 2024.
Despite measures the company is taking to reduce costs and capital
investments, S&P believes Air Canada will continue to burn cash
over at least the next couple of years, with FOCF of negative C$4
billion in 2020 and negative C$500 million-$700 million in 2021.
S&P also expects adjusted FFO-to-debt will remain below 12% and
adjusted debt-to-EBITDA above 5x until 2022, which is one year
later than the rating agency had previously anticipated.

Air Canada, along with the rest of the global airline industry,
continues to face weak demand for air travel stemming from
temporary restrictions on non-essential cross-border travel and
passenger fears of contracting the coronavirus. In response to the
unprecedented drop in demand, Air Canada has taken measures to
right-size its fleet and workforce (it has reduced its workforce by
more than 50%) to minimize costs and preserve cash. Other measures
S&P expects Air Canada will take to preserve cash include reducing
project-related costs and deferring capital expenditures, including
some aircraft deliveries. Since the airline is operating fewer
flights, the rating agency sees limited benefit from lower jet fuel
prices driven by the collapse in oil prices and demand for jet
fuel.

"We expect demand for international and business travel to recover
more slowly than domestic travel. We believe Air Canada is
over-indexed to international and U.S. transborder travel, for
which we expect demand will take longer to recover than domestic
travel," S&P said.

During 2019, the company generated about 47% of passenger revenue
from international routes, 22% from U.S. transborder routes, and
30% from domestic routes.

"In our view, demand for international travel should take longer to
recover than domestic travel, because the perceived health risks of
flying internationally are higher than those of staying within
Canada, and cross-border travel restrictions remain in place in
most countries. We believe domestic air travel will likely recover
first, followed by U.S. transborder travel, while international
travel will take longer," S&P said.

The pace of recovery remains highly uncertain on most routes and
will depend on perceived health risks associated with travel, along
with consumer confidence more broadly.

Air Canada is also over-indexed to higher-yielding business travel,
which S&P believes will take longer to recover than leisure travel.


"This reflects our view that many businesses will look to reduce
travel expenses amid the weaker economic environment we are in, and
some might adapt so well to remote work that fewer work trips will
be required," S&P said.

"The rating also reflects our view that Air Canada should maintain
sufficient liquidity to manage through the unprecedented stress the
airline industry faces. In our view, Air Canada continues to have
adequate liquidity with a little more than C$9 billion of cash on
hand as of June 30, 2020," the rating agency said.

This high cash position, despite the significant cash burn during
the second quarter, is due in part to the company being very active
in the capital markets. Since mid-March, Air Canada has raised
about C$5.5 billion in equity, debt, and aircraft financing. S&P
believes the company could issue additional debt against its
unencumbered assets if needed. According to Air Canada's
second-quarter filing, the company estimates an unencumbered asset
pool of approximately C$2.5 billion (excluding the value of its
Aeroplan loyalty program and Air Canada Vacations).

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

-- Health and safety.

"The negative outlook reflects our view that should the anticipated
effects of the pandemic become more severe, Air Canada's operating
results could recover more slowly than we expect or its liquidity
could come under pressure," S&P said.

S&P currently assume Air Canada's airline passenger traffic will
fall 60%-70% this year, with a gradual recovery over the next few
years.

"We could lower the rating within the next 12 months if we believe
credit metrics will trend weaker than our current forecast, which
assumes adjusted FFO-to-debt in the high single-digit area in 2021
and more than 12% in 2022. This could occur if we believe the
recovery will be weaker than we currently assume, resulting in
lower earnings and continued high cash flow burn. We could also
lower the rating if the company's liquidity deteriorates," S&P
said.

"We could revise the outlook to stable within the next 12 months if
we gain more conviction that credit metrics will improve about in
line with our current expectations, which include adjusted
FFO-to-debt above 12% and approaching break-even FOCF generation by
2022. This could occur if the lifting of international travel
restrictions and a reduction in the public's perceived risk of
contracting the coronavirus contribute to a meaningful increase in
air travel demand," the rating agency said.


AIRXCEL INC: S&P Affirms 'B-' ICR; Outlook Stable on RV Demand
--------------------------------------------------------------
S&P Global Ratings affirmed all ratings on recreational vehicle
(RV) and commercial and industrial supplier Airxcel Inc., including
its 'B-' issuer credit rating, and removed them from CreditWatch,
where the rating agency placed them with negative implications on
March 20, 2020.

The rating affirmation and stable outlook reflect S&P's base case
for Airxcel and incorporates anticipated good demand for RV
products at least over the next several quarters.  S&P forecasts
Airxcel's adjusted debt to EBITDA will be 6x-6.5x and EBITDA
coverage of interest expense will be in the high-1x area in 2020,
potentially improving in 2021. Although stay-at-home orders and
social-distancing measures resulted in partial production shutdowns
in the latter half of March and April, Airxcel resumed operations
in May and recovered through July, the most recent month for which
S&P has indications regarding product demand. Strong current and
anticipated demand for RVs caused S&P to significantly update its
base-case assumptions for 2020 and 2021. S&P now assumes about flat
or modestly higher total revenue in 2020 and about flat in 2021,
and adjusted EBITDA margin in the mid-teens percent area over this
period.

The widespread production shutdown of RV manufacturers during the
second quarter led to steep declines in shipments. After declining
82.1% in April and 29.5% in May, RV shipments increased 10.8% in
June, according to the RV Industry Association. Airxcel's net sales
declined about 25% in the second quarter, although consumers
continued to shop for RVs during much of the second quarter.
Industry earnings reports, executive interviews, and press reports
have pointed to strong, recovering demand for RVs sequentially in
May, June, and July. The weeks during which RV manufacturers were
shut down but dealerships continued to sell led to low retail
inventory, resulting in higher manufacturer order backlogs and
demand for production along the RV supply chain. Despite Airxcel's
net sales decline in the second quarter, S&P expects the company to
generate meaningful year-over-year growth in the second half of
2020.

S&P believes current demand is likely the result of RV travel
becoming an attractive alternative compatible with social
distancing during the coronavirus pandemic. Fewer desirable travel
options are available, with cutbacks in air travel and cruises to
domestic and international destinations. In addition, consumer
credit and gas prices remain supportive of RV purchases.

Demand in Airxcel's commercial/industrial segment will likely
continue to be less volatile than the RV segment. This segment
provides essential heating, ventilation, and air conditioning
systems to telecommunications companies, utilities, and schools.
Growth in data usage and 5G infrastructure investments will be
supportive of this segment's revenue. In 2020, S&P assumes this
segment's revenue could decline partly due to interrupted
production in the second quarter and reduced capital investments by
customers, and potentially recover in 2021.

Key risks include the sustainability of RV retail demand and
uncertainty surrounding the economy and coronavirus containment.
S&P's updated base case assumes revenue increases in the second
half of 2020 and into 2021 amid a steep recession in the U.S. This
contrasts with previous recessions in which demand for RVs dropped
precipitously. Financial risk could become elevated over the coming
years if the recent and anticipated spike in RV demand over the
next several quarters reverses in 2021 or afterward, or in the
event lower discretionary income reduces demand. A recent
industrywide inventory correction was a result of mismatched
wholesale shipments and retail demand, which significantly reduced
shipments for a period. In the current environment, manufacturers
may compete for market share when consumer demand is perceived to
be strong and cause inadvertent overproduction. Such dynamics could
introduce variability to Airxcel's operating performance.

"In addition, we believe it is plausible current RV demand may have
modestly benefitted from stimulus payments by the US government,
which will probably decrease over time if the pandemic ebbs and the
economy recovers," S&P said.

"We believe Airxcel has adequate liquidity over the forecast
period.  It had about $16 million cash and cash equivalents as well
as $55.6 million availability under its asset-based lending (ABL)
revolver at the end of the second quarter. We believe the cash and
ABL availability can sustain operations for a period of time even
in a low-revenue scenario. Incorporating our revenue assumptions in
2020, and if RV demand is sustained in 2021, Airxcel's liquidity
sources would cover our assumed operating, financial, and other
required cash outlays," the rating agency said.

Key uses of cash are operating costs, working capital uses if any,
capital expenditure (capex), interest expense, debt amortization,
and upcoming debt maturities in 2021.

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

-- Health and safety

The stable outlook reflects good anticipated demand for Airxcel's
products principally in its RV segment over at least the next
several quarters, and S&P's updated forecast that the company's
leverage will be in the 6x-6.5x range in 2020.

"We could lower the rating if operating performance is weaker than
we expect and liquidity becomes pressured, leading us to view the
capital structure could be unsustainable over time. Such a scenario
could result from a prolonged recession in the U.S. that further
hurts consumer discretionary RV spending," S&P said.

"We could raise the rating if we become confident demand for
Airxcel's products will be stable in 2021, adjusted debt to EBITDA
can be sustained below 6.5x, and EBITDA interest coverage will be
more than 2x," the rating agency said.


ALLIED WELDING: Aug. 27 Disclosure Statement Hearing Set
--------------------------------------------------------
On July 15, 2020, Debtor Allied Welding, Inc. filed with the U.S.
Bankruptcy Court for the Central District of Illinois a Disclosure
Statement and Plan of Reorganization.

On July 16, 2020, Judge Thomas L. Perkins ordered that:

  * Aug. 21, 2020 is fixed as the last day for filing and serving
written objections to the Disclosure Statement.

  * Aug. 27, 2020 at 10:00 a.m. is fixed for the hearing on
approval of the Disclosure Statement, and to consider any
objections.

A copy of the order dated July 16, 2020, is available at
https://tinyurl.com/y5oycel3 from PacerMonitor.com at no charge.

                      About Allied Welding

Founded in 1964, Allied Welding, Inc. --
https://www.alliedwelding.net/ -- provides assembly, packaging,
precision CNC machining, welding, powder coating and plasma cutting
services.  It has a 78,000-square-foot manufacturing facility in
Chillicothe, Ill.

Allied Welding sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Ill. Case No. 19-81007) on July 17, 2019.  At the
time of the filing, the Debtor was estimated to have assets of
between $1 million and $10 million and liabilities of the same
range.  The case is assigned to Judge Thomas L. Perkins.  The
Debtor is represented by Rafool, Bourne & Shelby, P.C.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Aug. 9, 2019.  The
committee is represented by Lewis Rice LLC.


AME ZION: Seeks to Hire Gabriel Liberman as Bankruptcy Counsel
--------------------------------------------------------------
AME Zion Western Episcopal District seeks approval from the U.S.
Bankruptcy Court for the Eastern District of California to hire the
Law Offices of Gabriel Liberman, APC as its bankruptcy counsel.

The firm will advise Debtor of its powers and duties under the
Bankruptcy Code and will provide other legal services in connection
with its Chapter 11 case.

The firm's services will be provided mainly by Gabriel Liberman,
Esq., who will be paid at the rate of $315 per hour.
Paraprofessionals will charge $150 per hour.  

The firm holds a retainer in the sum of $23,725.75.

The Law Offices of Gabriel Liberman and its attorneys are
"disinterested" within the meaning of Section 101(14) of the
Bankruptcy Code, according to court filings.

The firm can be reached through:

     Gabriel E. Liberman, Esq.
     Law Offices of Gabriel Liberman, APC  
     1545 River Park Drive, Suite 530
     Sacramento, California 95815
     Telephone: (916) 485-1111
     Facsimile: (916) 485-1111
     Email: Gabe@4851111.com

                About AME Zion Western Episcopal District

AME Zion Western Episcopal District, a non-profit California
religious organization, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 20-23726) on July 30,
2020.  Lewis Clinton, chief operating officer, signed the petition.
At the time of the filing, Debtor had estimated assets of between
$50 million to $100 million and liabilities of between $10 million
to $50 million.

Judge Fredrick E. Clement oversees the case.  The Law Offices of
Gabriel Liberman, APC is Debtor's legal counsel.


ANDES INDUSTRIES: Creditors' Committee Objects to Plan Disclosures
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the jointly
administered Chapter 11 cases of Debtors Andes Industries, Inc. and
PCT International, Inc. objects to the Joint Disclosure Statement
Relating To Debtors’ Joint Plan of Reorganization Dated June 8,
2020 and joins in the objections filed by the United States Trustee
and the Petitioning Creditors.

The Committee points out that the Disclosure Statement should be
supplemented to enable a creditor to make an informed decision
regarding whether to vote in favor or against the Debtors’ Joint
Plan of Reorganization.

The Committee claims that the Debtors should explain how the
Debtors plan to pay any residual amounts due and owing to general
unsecured creditors on account of their Allowed Claims at the end
of the Plan’s 10-year term, especially if the Net Available Cash
does not provide for payment as projected.

The Committee suggests that the Debtors should disclose that the
Debtors filed the Adversary Proceeding against Petitioning
Creditors the same day as they filed the Disclosure Statement, that
Petitioning Creditors contest the equitable claims asserted in the
Adversary Proceeding, and assess the potential costs for and risks
of extended litigation, and the likelihood of success.

The Committee recommends the need for Debtors to clarify
source/allocation of Newco’s $2 million funding (and update the
amount, if necessary), whether it will be financed, raised, or is
currently available upon demand.

A copy of the Committee's objection to joint disclosure statement
dated July 17, 2020, is available at https://tinyurl.com/y6pu9a2u
from PacerMonitor at no charge.

Attorneys for the Committee of Unsecured Creditors:

          Hilary L. Barnes
          David B. Nelson
          ALLEN BARNES & JONES, PLC
          1850 N. Central Avenue, Suite 1150
          Phoenix, Arizona 85004
          Office: (602) 256-6000
          Fax: (602) 252-4712
          E-mail: hbarnes@allenbarneslaw.com
                  dnelson@allenbarneslaw.com

                    About Andes Industries
                     and PCT International

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

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

Judge Paul Sala oversees the cases.  

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


ANDES INDUSTRIES: Soontai Tech Objects to Joint Disclosures
-----------------------------------------------------------
Creditor Soontai Tech Co., Ltd., a creditor in the bankruptcy
proceedings of the jointly administered cases of debtors Andes
Industries, Inc. and PCT International, Inc., joins in the
objection by United States Trustee to Debtors' Joint Disclosure
Statement filed on June 15, 2020.

Soontai incorporates all of the positions and arguments raised the
United States Trustee in the Objection by reference.  Soontai
requests that the Disclosure Statement not be approved at this
time.

A copy of Soontai Tech's objection to joint disclosure statement
dated July 17, 2020, is available at https://tinyurl.com/y3fqdgu9
from PacerMonitor at no charge.

Attorneys for Creditor Soontai:

         Michael Gerity
         ISRAEL & GERITY, PLLC
         202 EAST EARLL DRIVE, SUITE 440
         PHOENIX, ARIZONA 85012
         Tel: (602) 274-4400
         Fax: (602) 274-4401
         E-mail: MGERITY@IG-LAW.COM

                    About Andes Industries
                    and PCT International

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

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

Judge Paul Sala oversees the cases.  

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


ANGEL'S TOUCH: Plan of Reorganization Confirmed by Judge
--------------------------------------------------------
Judge Robert H. Jacobvitz has entered an order approving the
Disclosure Statement and confirming the Chapter 11 Plan of
Reorganization of Debtor An Angel's Touch, LLC, a New Mexico
Limited Liability Company.

The Disclosure Statement complies with the requirements of the
United States Bankruptcy Code, including but not limited to the
requirements of 11 U.S.C. Sec. 1125(a) that the Disclosure
Statement contains adequate information sufficient to enable a
hypothetical reasonable investor to make an informed judgment about
the Plan.

The Plan complies with the requirements of the Bankruptcy Code,
including but not limited to each of the applicable requirements of
11 U.S.C. Sec. 1129(a) and (b).

The Plan has been proposed in good faith and not by any means
forbidden by law.

A copy of the order dated July 17, 2020, is available at
https://tinyurl.com/yxvnylme from PacerMonitor.com at no charge.

Attorneys for the Debtor:

         ASKEW & WHITE, LLC
         Daniel A. White
         1122 Central Ave. SW, Suite 1
         Albuquerque, NM 87102
         Tel: (505) 433.3097
         Fax: (505) 717.1494
         E-mail: dwhite@askewwhite.com

                    About An Angel's Touch

An Angel's Touch LLC, which provides non-emergency transportation
services, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D.N.M. Case No. 19-11394) on June 11, 2019.  In the
petition signed by its managing member, Nichole Jones, the Debtor
was estimated to have assets of less than $500,000 and debts of $10
million.  Judge Robert H. Jacobvitz is assigned to the case.  Askew
& Mazel, LLC, serves as Debtor's counsel.


ANTELOPE VALLEY: Moody's Affirms Ba3 Ratings, Outlook Negative
--------------------------------------------------------------
Moody's Investors Service has affirmed the Ba3 assigned to Antelope
Valley Healthcare District (CA). The rating action affects
approximately $120 million of rated debt. The outlook is negative.

RATINGS RATIONALE

Affirmation of the Ba3 reflects Antelope Valley Healthcare
District's strong market position, adequate operating margins and
balance sheet measures, balanced against a long history of
management turnover, which is a governance risk under the Moody's
ESG classification, and high adjusted leverage when considering the
organization's unfunded pension liability. An additional
consideration is the fact that AVHD does not currently comply with
seismic regulations, currently slated to go into effect in 2030.

The most immediate social risk is the impact of COVID-19. Unlike
many other states, California did not mandate that hospitals stop
providing elective services. Nevertheless, AVHD did experience a
reduction in volume and revenue in Spring 2020. Although volumes
have largely recovered, a high degree of uncertainty still remains
around the longer-term potential impact of COVID-19. Moody's
regards the coronavirus outbreak as a social risk under its ESG
framework, given the substantial implications for public health and
safety.

RATING OUTLOOK

Maintenance of the negative outlook, despite its expectation of
favorable operating results and stable cash flow in fiscal 2021,
reflects concerns over management stability and long-term plans to
address seismic requirements.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATING

  - Stabilization of senior management over a multi-year period

  - Ability to sustain positive operating margins and good cash
flow over multi-year period

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATING

  - Unexpected management turnover

  - Inability to secure funding sources to meet seismic needs

  - Decline in operating performance or liquidity

  - Violation of financial covenants

LEGAL SECURITY

The bonds are secured by a revenue pledge. Key financial covenants
include minimum days cash on hand of 55 days and annual debt
service coverage of 1.2x.

PROFILE

AVHD operates 420 licensed bed Antelope Valley Hospital, an acute
care hospital located in Lancaster, CA. AVHD is a political
subdivision of the State of California.

METHODOLOGY

The principal methodology used in this rating was Not-For-Profit
Healthcare published in December 2018.



APPALACHIAN CHRISTIAN: Fitch Cuts Series 2013 Bonds to 'D'
----------------------------------------------------------
Fitch Ratings has downgraded the rating for the revenue refunding
and improvement bonds series 2013 that were issued by the Health
and Educational Facilities Board of the City of Johnson City,
Tennessee on behalf of Appalachian Christian Village (d/b/a
Cornerstone Village) (ACV) to 'D' from 'CC'.

SECURITY

The bonds are secured by a pledge of gross revenues and a mortgage
on certain property of the obligated group, consisting of
Appalachian Christian Village and Appalachian Christian Village
Foundation, Inc. A debt service reserve fund (DSRF) provides
additional security. However, the DSRF has been reduced to
approximately $420,000 following ACV's unscheduled draw to pay its
semi-annual principal and interest payment on the series 2013 bonds
on Feb. 15, 2020.

KEY RATING DRIVERS

PAYMENT DEFAULT: The downgrade to 'D' from 'CC' reflects ACV's
failure to pay its semi-annual interest payment on its series 2013
bonds that was due on Aug. 15, 2020. Due to ongoing financial
difficulties, ACV has failed to make its payments toward debt
service to the trustee, which resulted in the trustee drawing on
the DSRF to make the semi-annual bond payment that was due on Feb.
15, 2020. While the remaining DSRF has enough funds to cover the
Aug. 15, 2020 payment, the trustee has chosen not to draw on the
remaining trustee-held funds to make consecutive semi-annual bond
payments.

RATING SENSITIVITIES

Rating sensitivities are no longer relevant given ACV's 'D'
rating.

CREDIT PROFILE

ACV is a rental (previously Type-C) life plan community located in
Johnson City, TN with 177 independent living units, 89 assisted
living units (ALUs), and 103 skilled nursing beds located on two
campuses, Sherwood and Pine Oaks. Of the 89 ALUs, 69 are located at
Pine Oaks Assisted Living Community, which is leased and operated
by ACV, but not part of the obligated group. Fitch reviews the
financial results of the obligated group, which reported
approximately $14.8 million in total operating revenues in fiscal
2020 (unaudited).


ATHLETICO HOLDINGS: S&P Affirms 'B' ICR; Outlook Negative
---------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on
Athletico Holdings LLC and removed the rating from CreditWatch,
where the rating agency placed it with negative implications on
March 31, 2020.  At the same time, S&P affirmed its 'B' issue-level
rating and '3' recovery rating on the company's first-lien
revolving credit facility and term loan.

"While our base-case forecast assumes the company's patient visit
volumes continue to rise in the second half of 2020, the uncertain
future course of the pandemic escalates the risk that it will
experience a lower-than-forecast level of elective procedures and
physical therapy visits over the next year," S&P said.

In the second quarter of 2020, which S&P considers to be the trough
of the pandemic's impact, the company suffered a 37% drop in the
volume of patient visits at its clinics. At the time, the company
temporarily halted its de novo growth strategy. Since then,
management has implemented cost-cutting measures, including
furloughing employees and using telehealth to partially mitigate
the effect of its cancellations. Furthermore, S&P expects
Athletico's patient visits and revenue to remain modestly below
pre-pandemic levels over the coming 12 months due to a slower
rebound in elective surgeries, a pause on high school and
collegiate athletics, and a reduction in its workers compensation
business, which the rating agency expects will modestly pressure
the company's performance through mid-2021.

S&P expects Athletico's adjusted leverage to be about 6.6x for 2020
before modestly improving to between 6.0x and 6.5x for 2021
assuming the effects of the pandemic subside.  The company employs
a de novo growth strategy, albeit at a significantly slower pace
than that of its rated peers, such as ATI Holdings and Upstream
Newco. Although Athletico is less aggressive than its peers in
terms of its pace of acquisitions and level of debt leverage, S&P
still considers the company to be relatively aggressive, which
reflects the hearty risk appetite of its private-equity owners. The
rating agency expects the company's leverage to remain above 5x
given its financial-sponsor ownership.

Although it expects Athletico's cash flow to improve in 2021, S&P
projects the company's discretionary cash flow will be negligible
after accounting for its substantial growth capex, the
reinstatement of dividend distributions, and ongoingrepurchases of
member interests.  The company's de novo growth strategy is capital
intensive as it has historically targeted opening approximately
35-45 clinics annually. Although it expects the company to scale
back this activity due to the pandemic, S&P believes the company's
investment in de novo clinic openings will still be a significant
use of cash and support revenue growth in the high-single-digit
percent area. Additionally, the company has paid an annual general
dividend of approximately $15 million and repurchased about $5
million-$7 million of member interests in each of the last two
years. Although it expects Athletico to reduce its repurchases and
capex investment in de novo openings in 2020, S&P expects the
company to gradually resume its growth strategy in the second half
of 2020 and into 2021 as its business returns to near pre-COVID
levels. Therefore, S&P expects the company to generate negligible
discretionary cash flow for the next 12 months.

S&P's 'B' rating reflects the company's high leverage and the
rating agency's view that the company's business is subject to
several material risks.  These risks include Athletico's small
scale and narrow focus in the highly fragmented outpatient
rehabilitation industry, which has relatively low barriers to entry
and remains exposed to reimbursement risk. S&P's rating also
reflects the company's geographic concentration in Illinois, which
leaves it vulnerable to regional economic and labor market
pressures." The industry reimbursement environment has been stable
over the past few years; however, a recent proposal by the Centers
for Medicare & Medicaid Services (CMS) would reduce PT
reimbursement rates by about 8% in 2021.

Partially offsetting these factors are the industry's good
tailwinds, including the aging U.S. population and increased
frequency of injuries that require rehabilitation. Relative to its
peers, Athletico has a favorable payor mix because its generates
approximately 53% of its gross patient service revenue from
commercial payors, 21% from government payors, 23% from workers'
compensation, and 4% from self-pay or other. Additionally, the
company's de novo growth strategy, which it supplements with
tuck-in acquisitions, is less aggressive than that of its rated
peers (ATI Holdings targeted 75 new clinics and Upstream
Rehabilitation targeted 75-100 new clinics annually).

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

-- Social; Health and safety

"The negative outlook reflects the uncertainty around the
pandemic's future path. It also incorporates our expectation for
lower profitability and limited cash flow generation in 2020 and
2021 as the company's patient volumes remain modestly below
pre-pandemic levels, it faces incremental operating costs, and
resumes its substantial capex spending to fund its de novo growth
strategy. We expect minimal cash flow and leverage maintained
between 6x and 7x for the next 12 months," S&P said.

S&P could lower its rating on Athletico if it sustains cash flow
deficits after capex for a prolonged period or its EBITDA margins
decline by about 500 basis points (bps) and cause its leverage to
rise above 8x. This could occur due to significant headwinds
(potentially stemming from a resurgence of the pandemic), increased
patient apprehension around visiting clinics, challenges with new
store openings, or bad debt expenses that drag down its
profitability.

"We could revise our outlook on Athletico to stable if we believe
the risks facing its business due to the pandemic have declined or
it significantly improves cash flow (after capex spending and
potential dividends) on a sustained basis. This could occur if it
improves its EBITDA margins by 400 bps such that its cash flow
returns to pre-COVID levels," the rating agency said.


BARRE N9NE: Has Until October 30 to File Combined Plan & Disclosure
-------------------------------------------------------------------
On July 15, 2020, debtor Barre N9NE Studio LLC filed with the U.S.
Bankruptcy Court for the District of Massachusetts an emergency
motion to extend time for filing Combined Second Amended Disclosure
Statement and Plan of Reorganization.

On July 16, 2020, Judge Janet E. Bostwick granted the motion and
ordered that:

   * the deadline for the Debtor to file a plan under Section
1121(e)(2) is extended to Oct. 30, 2020; and

   * July 31, 2020 is the deadline to file and serve any objections
to the motion.

A copy of the order dated July 16, 2020, is available at
https://tinyurl.com/y4vkcen8 from PacerMonitor at no charge.

                     About Barre N9ne Studio

Barre N9ne Studio LLC operates 4 barre and fitness studios,
teaching fitness classes in a group setting as well as offers one
on one personal training.  As of the bankruptcy filing, it had
locations in Danvers, Woburn, Somerville and Andover,
Massachusetts.  The company's office is located at 9 Page Street,
Danvers, Massachusetts.

Barre N9ne Studio filed a Chapter 11 bankruptcy petition (Bankr. D.
Mass. Case No. 19-13241) on Sept. 24, 2019, estimating less than $1
million in both assets and liabilities.  Nina M. Parker, at Parker
& Lipton, is the Debtor's counsel.


BELLE INVESTMENTS: Laura Ervin Objects to Amended Disclosure
------------------------------------------------------------
Laura Ervin objects to the Amended Disclosure Statement Describing
First Amended Chapter 11 Plan filed by debtor Belle Investments,
LLC.

In her objection, Laura Ervin points out that:

   * Jerry Mark Ervin is the 100% owner of the Debtor.  Ms. Ervin
is the ex-wife of Mr. Ervin and is entitled to domestic support
obligations in the form of alimony and child support pursuant to
the Marital Dissolution Agreement and Permanent Parenting Plan
Order incorporated into the Final Decree of Divorce between the Mr.
Ervin and Ms. Ervin.

   * The Debtor states in the disclosure statement that real estate
will be sold that has a value of $377,000 without referencing any
supporting basis for the value or even disclosing the property
addresses other than attaching a property record card.  Therefore,
it is not possible to determine the value of the real property from
the disclosure statement.

   * In the Debtor's ongoing budget, the Debtor fails to disclose
any required payments to taxing authorities or any other
maintenance and operating expenses.

   * The Debtor fails to disclose the basis for an 18-month delay
of the sale of its real estate.

   * The Debtor has agreed to convert an unsecured creditor, Scott
Hodes, into a secured creditor by referencing an agreement to do so
while this case was pending without court approval and without
disclosing why it is in the best interest of creditors for this
settlement to be approved.

A full-text copy of Laura Ervin's objection to amended disclosure
dated July 17, 2020, is available at https://tinyurl.com/y2uleh8k
from PacerMonitor at no charge.

Attorney for Laura Ervin:

          TIMOTHY G. NIARHOS
          NIARHOS LAW GROUP, PLC
          1106 18th Avenue South
          Nashville, Tennessee 37212
          Tel: (615) 320-1101
          Fax: (615) 320-1102
          E-mail: tim@niarhos.com

                     About Belle Investments

Belle Investments, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 19-03205) on May 20,
2019.  At the time of the filing, the Debtor disclosed assets of
between $100,001 and $500,000 and liabilities of the same range.
The case has been assigned to Judge Charles M. Walker.  Lefkovitz &
Lefkovitz, PLLC, is the Debtor's legal counsel.


BHF CHICAGO: Has Until Oct. 12 to File Plan & Disclosures
---------------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, has entered an
order within which Debtor BHF Chicago Housing Group B, LLC shall
file Plan and Disclosure Statement by October 12, 2020.

A copy of the order dated July 14, 2020, is available at
https://tinyurl.com/y6rzcx89 from PacerMonitor at no charge.

               About BHF Chicago Housing Group B

BHF Chicago Housing Group B, LLC is the owner of fee simple title
to certain parcels of real property, all in Chicago, Illinois.

BHF Chicago Housing Group B sought Chapter 11 protection (Bankr.
N.D. Ill. Case No. 20-12453) on June 15, 2020.  In the petition
signed by Andrew Belew, president, BHF as manager, the Debtor was
estimated to have assets in the range of $10 million to $50 million
and $50 million to $100 million in debt.  The Debtor tapped Scott
N. Schreiber, Esq., Kevin H. Morse, Esq., and Samuel J. Tallman,
Esq., at Clark Hill PLC, as counsel.


BIOSTAGE INC: Incurs $1.2 Million Net Loss in Second Quarter
------------------------------------------------------------
Biostage, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q, disclosing a net loss of $1.18
million on $0 of revenues for the three months ended June 30, 2020,
compared to a net loss of $2.43 million on $0 of revenues for the
three months ended June 30, 2019.

For the six months ended June 30, 2020, the Company reported a net
loss of $3.18 million on $0 of revenues compared to a net loss of
$4.36 million on $0 of revenues for the six months ended June 30,
2019.

As of June 30, 2020, the Company had $1.38 million in total assets,
$1.15 million in total liabilities, and $230,000 in total
stockholders' equity.

At June 30, 2020, the Company had operating cash on-hand of $0.6
million.  The Company also had debt of $0.4 million based on
receiving a loan in May 2020 pursuant to the Paycheck Protection
Program (PPP), established as part of the Coronavirus Aid, Relief,
and Economic Security (CARES) Act.  Under the terms of the PPP,
certain amounts of the Loan may be forgiven if they are used for
qualifying expenses as described in the CARES Act, although there
is no assurance that any portion of the loan will be forgiven.

During the six-month period ended June 30, 2020, the Company used
net cash in operations of $2.2 million and received $1.9 million
from financing activities, including approximately $0.6 million of
proceeds from private placement transactions that resulted in the
issuance of 151,027 shares of the Company's common stock and
warrants to investors in private placement transactions and
approximately $1.0 million from the issuance of 353,533 shares of
its common stock to a group of investors in connection with the
exercise of previously issued warrants.  The Company also received
proceeds of approximately $0.4 million from the aforementioned PPP
loan.

The Company said it will need to raise additional funds to fund its
operations.  In the event the Company does not raise additional
capital from outside sources before the fourth quarter of 2020, it
may be forced to curtail or cease its operations.

                         Going Concern

The Company has incurred substantial operating losses since its
inception, and future losses are anticipated.  As of June 30, 2020,
the Company has an accumulated deficit of approximately $67.3
million and will require additional financing to fund future
operations.  The Company expects that its operating cash on-hand at
June 30, 2020 of $0.6 million, along with net proceeds received
subsequent to the end of the quarter of approximately $0.2 million
from the issuance of 58,932 shares of its common stock from the
exercise of 58,932 previously issued warrants at $3.70 per share
will enable it to fund its operating expenses and capital
expenditure requirements into the fourth quarter of 2020. In
addition, on Jan. 30, 2020 the World Health Organization declared
the COVID-19 outbreak a "Public Health Emergency of International
Concern" and on March 11, 2020, declared it a pandemic.  

Biostage said, "The full extent to which the COVID-19 pandemic may
directly or indirectly impact our business, results of operations
and financial condition, expenses, clinical trial, research and
development costs and employee-related amounts, will depend on
future developments that are highly uncertain, including as a
result of new information that may emerge concerning COVID-19 and
the actions taken to contain it or treat COVID-19, as well as the
economic impact that may impact the Company.  Therefore, these
conditions have caused management to determine there is substantial
doubt about the Company's ability to continue as a going concern.

"The Company will need to raise additional funds to fund its
operations.  In the event the Company does not raise additional
capital from outside sources before the fourth quarter of 2020, it
may be forced to curtail or cease its operations.  Cash
requirements and cash resource needs will vary significantly
depending upon the timing of the financial and other resource needs
that will be required to complete ongoing pre-clinical and clinical
testing of products, research and development, and regulatory
efforts and collaborative arrangements necessary for the Company's
products that are currently under development.  In addition, the
Company received $404,221 of loan proceeds in May 2020 as part of
the Paycheck Protection Program (PPP), established as part of the
Coronavirus Aid, Relief, and Economic Security (CARES) Act.  Based
on the current loan terms, payments begin in November 2020 subject
to the Company meeting the partial or full loan forgiveness
requirements.  The Company is currently seeking and will continue
to seek financings from other existing and/or new investors to
raise necessary funds through a combination of public or private
equity offerings.  The Company may also pursue debt financings,
other financing mechanisms, research grants, or strategic
collaborations and licensing arrangements.  The Company may not be
able to obtain additional financing on favorable terms, if at
all."

A full-text copy of the Form 10-Q is available for free at:

https://www.sec.gov/Archives/edgar/data/1563665/000110465920094718/tm2020413-1_10q.htm

                      About Biostage Inc.

Headquartered in Holliston, Massachusetts, Biostage --
http://www.biostage.com/-- is a bioengineering company that is  
developing next-generation esophageal implants.  The Company's
Cellspan technology combines a proprietary, biocompatible scaffold
with a patient's own cells to create an esophageal implant that
could potentially be used to treat pediatric esophageal atresia and
other conditions that affect the esophagus.  The Company's
esophageal implant leverages the body's inherent capacity to heal
itself as it is a "living tube" that facilitates regeneration of
esophageal tissue and triggers a positive host response resulting
in a tissue-engineered neo-conduit that restores continuity of the
esophagus.  These implants have the potential to dramatically
improve the quality of life for children and adults.

Biostage reported a net loss of $8.33 million for the year ended
Dec. 31, 2019, compared to a net loss of $7.53 million for the year
ended Dec. 31, 2018.  As of March 31, 2020, Biostage had $1.71
million in total assets, $1.07 million in total liabilities, and
$644,000 in total stockholders' equity.

RSM US LLP, in Boston, Massachusetts, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
March 27, 2020 citing that the Company has suffered recurring
losses from operations, has an accumulated deficit, uses cash flows
in operations, and will require additional financing to continue to
fund operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


BOMBARDIER INC: Fitch Rates Sr. Unsecured Notes to 'CCC/RR4'
------------------------------------------------------------
Fitch Ratings has downgraded Bombardier Inc.'s (BBD) senior
unsecured notes to 'CCC'/'RR4' from 'CCC+'/'RR3' and removed the
notes from Rating Watch Negative. Fitch has affirmed BBD's Issuer
Default Rating (IDR) at 'CCC' and preferred shares at 'CC'/'RR6'.

The downgrade of BBD's senior unsecured notes follows the closing
of BBD's three-year secured term loan of up to $1 billion. The loan
is secured by certain aviation inventory and related accounts
receivable. The senior position of the term loan compared to
unsecured notes results in lower recoveries estimated by Fitch for
the unsecured notes in a distress scenario.

The term loan will provide additional liquidity while BBD completes
pending asset sales of its aerostructures and Bombardier
Transportation (BT) businesses and addresses the impact of the
coronavirus pandemic on demand for business jets. It also increases
BBD's financial flexibility over the medium term following the
asset sales as there is currently no credit facility available to
the aviation business.

KEY RATING DRIVERS

BBD's ratings incorporate the company's high leverage, negative
FCF, Fitch's concerns about the risk of constrained liquidity over
the long term if FCF does not become positive after 2020, and
substantially smaller scale after completing pending asset sales.
BBD intends to use proceeds from asset sales to pay down debt, but
Fitch believes the loss of earnings from divested businesses will
offset much of the effects of lower debt and leave leverage at
elevated levels. After mid-2021, BBD will be focused on the
business jet market where it is well positioned. However, the
business jet market is highly cyclical and is experiencing
significant disruption due to the coronavirus pandemic although
activity has increased from trough levels earlier this year.

Negative FCF: The impact of the coronavirus pandemic exacerbated
BBD's seasonally weak FCF in the first half of 2020, which totaled
approximately negative $2.7 billion. FCF in the second quarter was
less negative than originally anticipated, but Fitch expects that
FCF could approach negative $3 billion for all of 2020. Cash from
pending asset sales in 2020 and 2021 will help to offset negative
FCF during the period. However, Fitch expects liquidity, before
considering short-term borrowing, might be inadequate for short
periods depending on the timing of cash flows. This concern is
mitigated by the new $1 billion term loan.

Asset Sales: Proceeds from asset sales offset concerns about
liquidity in the near term. Transactions include $575 million from
the Canadair Regional Jet (CRJ) program that was completed June 1,
2020 and approximately $500 million from BBD's aerostructures
business, which is expected to be completed in the fall of 2020.
The sale of Bombardier Transportation to Alstom SA is expected to
occur in the first half of 2021, which would provide net proceeds
of approximately $4.2 billion-$4.5 billion. Fitch believes there is
a risk that the valuation could be adjusted prior to closing,
potentially resulting in lower proceeds than currently
anticipated.

Liquidity Concerns: Proceeds from asset dispositions will support
debt reduction but, in the absence of a return to positive FCF,
Fitch believes BBD could be challenged to meet funding needs by
late 2022 or in 2023. In addition to scheduled debt maturities, BBD
has pension liabilities and certain retained liabilities related to
the sale of the regional jet program.

High Leverage: Fitch expects BBD's leverage could remain high in
the absence of a solid economic recovery, even after expected debt
reduction. BBD's closest debt maturities include EUR414 million due
in May 2021 and USD1.018 billion due in December 2021. There are
additional debt maturities in 2022. At June 30, 2020, debt/EBITDA
was well above 10x, as calculated by Fitch.

Weak Operating Results: Low orders at BBD's Aviation and
Transportation businesses and previous temporary production
shutdowns associated with the coronavirus are contributing to sharp
declines in revenue and to lower margins expected for all of 2020.
Fitch expects the revenue impact on BBD to be mitigated by the
backlog for the Global 7500. Margins likely will be negatively
affected by new safety measures implemented to protect employee
health, and planning will be more difficult until economic
conditions stabilize.

Fitch assumes demand will start to recover in the second half of
2020, but the pace of improvement is difficult to estimate, and a
return to higher margins may be slow. The Transportation business
has a large backlog, and government support for Transportation
customers is possible. However, a resumption of normal activity may
not occur before the anticipated divestiture of the business in
2021.

DERIVATION SUMMARY

BBD's current operating profile includes well-established positions
in its aerospace and transportation markets. There is significant
competition in these markets and several competitors are larger,
better capitalized or generate higher margins, putting BBD at a
disadvantage with respect to funding future new programs in
business jets and supporting working capital at BT. Alstom's
agreement to acquire BT is consistent with expected consolidation
in the rail equipment sector. When the transaction is concluded,
BBD will be less diversified and have a more concentrated exposure
to the cyclical business jet market. BBD generates lower revenue
and margins than Gulfstream, a subsidiary of General Dynamics
Corporation, although margins should benefit over the long term
from an updated product line and BBD's increased focus on business
jets and aftermarket revenue. BBD's credit profile is weaker than
its peers due to significant previous investment in developing the
A220, which contributed to high leverage.

KEY ASSUMPTIONS

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

  -- FCF in 2020 is significantly negative and could approach
negative $3 billion;

  -- BBD completes pending divestitures in 2020 and the first half
of 2021;

  -- Liquidity is adequate to fund scheduled debt maturities at
least into 2022;

  -- Business jet revenue declines significantly in 2020 due to the
impact of the coronavirus pandemic, including the effect of a
trough in business jet activity early in the year followed by some
improvement;

  -- Aviation margins are low in 2020 followed by gradual
improvement due to a refreshed product line, a focus on aftermarket
revenue, and cost efficiencies associated with higher production of
the Global 7500;

  -- Margins at BT continue to be pressured by legacy projects.

Recovery Analysis

  -- The analysis for BBD reflects Fitch's expectation that the
enterprise value of the company, and recovery rates for creditors,
would be maximized as a going concern rather than through
liquidation. Fitch has assumed a 10% administrative claim. The
recovery analysis assumes that a combination of lower end market
demand, negative FCF partly offset by proceeds from the sale of
Aviation assets in 2020, and an inability to refinance debt creates
a distress scenario in 2021 or 2022.

  -- Going-concern EBITDA of $349 million reflects Fitch's
projected EBITDA in 2022 for BBD's business jet operations
following asset sales of other aviation businesses in 2020 and the
sale of BT in 2021. EBITDA reflects challenging conditions
associated with the coronavirus pandemic that are contributing to
weak margins and cash flow as well as uncertainty about the timing
of a full recovery in BBD's business jet market.

  -- An EBITDA multiple of 6.0x is used to calculate a
post-reorganization valuation, below the 6.7x median for the
industrial and manufacturing sector and above the 5.5x average for
the small subset of A&D companies. The multiple incorporates a
competitive environment and cyclicality and event risk in the
aerospace sector.

  -- In a distress scenario, Fitch assumes BT is divested in 2021
as planned. Fitch uses a discounted value of $3.4 billion, which
incorporates execution risk related to the pending sale of BT.
Fitch assumes all liabilities at BT remain with BT as it is
relatively independent of BBD's aviation business.

  -- Fitch assumes $500 million of the secured term loan is
outstanding after the sale of BT to Alstom is concluded. Under this
scenario, the recovery model produces a Recovery Rating of 'RR4'
for unsecured debt, reflecting average recovery prospects (31%-50%)
in a distress scenario. The 'RR6' for preferred stock reflects poor
recovery prospects due to a low priority position relative to BBD's
debt.

RATING SENSITIVITIES

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

  -- The impact of the coronavirus pandemic is resolved without a
significant long-term impact to the business jet market;

  -- Annual FCF is positive;

  -- Consistently lower leverage, including debt/EBITDA below
6.0x.

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

  -- FFO interest coverage is below 1x;

  -- Pending sales of the BT and Aerostructures assets are not
completed as planned, or the company receives less cash than
originally expected;

  -- Cash plus availability under BT's revolver is less than $1
billion.

LIQUIDITY AND DEBT STRUCTURE

BBD's liquidity at June 30, 2020 included cash of $1.7 billion plus
$738 million of availability under BT's EUR1.154 billion revolver
that matures in 2022. BT has access to a EUR75 million uncommitted
short-term revolver and has a letter of credit (LC) facility used
to support performance risk and secure advance payments from
customers. In addition, BT has arrangements under which it receives
amounts from third-party advance providers in exchange for rights
to customer payments, and sells certain receivables on a
non-recourse basis. BT and the Aviation business both make use of
extended payment terms although payment terms on new Aviation trade
payables are not currently being extended due to financial market
conditions.

As of June 30, 2020, covenants in BT's bank facilities included
minimum liquidity, minimum equity, and a maximum debt/EBITDA ratio,
all calculated for BT on a stand-alone basis. Minimum required
liquidity at the end of each quarter varies between EUR500 million
and EUR750 million. BBD does not publicly disclose required levels
for other covenants. Amendments to the revolver and letter of
credit facility were made in the second quarter of 2020, including
adjustments to certain financial covenants. Financial covenants
were all met as of June 30, 2020.

BBD's reported long-term debt totaled $9.3 billion at June 30, 2020
including the current portion. Scheduled maturities include
approximately $1.5 billion due in 2021 (EUR414 million in May;
USD1.018 billion in December) and $1.7 billion due in 2022. BBD's
debt at June 30, 2020 as calculated by Fitch totaled approximately
$11.8 billion. In addition to long-term debt, this amount includes
borrowings under BT's revolver of $564 million and approximately
$1.8 billion related to contract balances and receivables sold
under BT's arrangements described, together with amounts sold under
extended payment terms. Fitch also includes half of BBD's preferred
shares.

BBD's net pension obligation at Dec. 31, 2019 was nearly $2 billion
(79% funded) including unfunded plans. Funded plans were 86%
funded. BBD will retain slightly more than half of pension and
other post-retirement liabilities after BT is sold.

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).


BORDEN DAIRY: Completes Sale to Capitol Peak Partners and KKR
-------------------------------------------------------------
Borden, one of America's favorite dairy companies founded in 1857,
today announced that it and certain affiliates finalized the
approximately $340 million sale of substantially all Borden assets
to Capitol Peak Partners and KKR.  This transaction allows Borden
to be appropriately capitalized with the business intact, including
all plants, branches, routes and the Borden brand.  The new Borden
entity will continue employment for approximately 3,300 Borden
employees and service for Borden customers.

Capitol Peak assumed majority ownership of the new company, and KKR
became a lender and minority equity investor.  They established a
new Board of Directors and leadership team, tapping dairy industry
veterans to lead the Company:

  * Gregg Engles is the Chairman and CEO of the new Borden entity
and also serves as Capitol Peak's Founder and Executive Managing
Partner. He brings extensive dairy industry experience as the
former Chairman and CEO of both Dean Foods and The WhiteWave Foods
Company.

  * Pat Boyle is the President. He has worked in the dairy industry
since the 1970s, most recently serving as Owner and CEO of Hill
Country Dairies.

  * Pat Ford is the Chief Financial Officer. He previously served
as CFO of Dairy Group (Dean Foods) and Southern Foods and most
recently was Owner and President of Flexcel Company, Inc., an east
Texas manufacturer of oil and gas tools.

   * Pete Schenkel is a Board Member who previously served as
President and owner of Southern Foods, which later sold to Suiza
Foods and became Dean Foods. He is also the former President and a
Board Member of Dean Foods.

"Over the past 163 years, Borden defined its well-recognized and
reputable brand by partnering with America's dairy farmers and
leading retailers to provide American families with delicious and
nutritious products," said Engles. "I am very optimistic about
Borden's future and excited about the opportunity to lead this
iconic dairy Company into a bright new chapter focused on serving
customers and growing the business profitably."

Borden initiated voluntary reorganization proceedings on Jan. 5,
2020. Upon finalizing the sale, Borden's former controlling and
majority equity holders, ACON Investments and Grupo Lala,
respectively, no longer have ownership interest in the business.
KKR's investment is held by business development companies
co-managed by KKR Credit.

For additional information about the sale, visit
http://www.bordenfinancialreorg.com/

                  About Capitol Peak Partners

Capitol Peak Partners -- http://www.capitolpeakpartners.com/-- is
a middle market private equity firm focused on consumer businesses
in North America. Capitol Peak is composed of seasoned operators
and business builders with a 30-year track record of extraordinary
value creation at companies like Dean Foods and WhiteWave Foods,
where they partnered with talented managers to generate exceptional
risk-adjusted returns for investors. As a partnership of operators,
Capitol Peak contributes more than just capital to help companies
grow, including leveraging an extensive network of operators when
appropriate.

                           About KKR

KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, credit and
real assets, with strategic partners that manage hedge funds. KKR
aims to generate attractive investment returns for its fund
investors by following a patient and disciplined investment
approach, employing world-class people, and driving growth and
value creation with KKR portfolio companies. KKR invests its own
capital alongside the capital it manages for fund investors and
provides financing solutions and investment opportunities through
its capital markets business. References to KKR's investments may
include the activities of its sponsored funds. For additional
information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's
website at www.kkr.com and on Twitter @KKR_Co.

                         About Borden

Founded in 1857 by Gail Borden, Jr., Borden --
http://www.bordendairy.com/-- is a heritage American brand that
produces more than 35 wholesome and delicious products enjoyed by
millions of people every day. Borden was the first company to
develop a patent for the process of condensing milk, as well as the
first company to use glass milk bottles. In 1936, Elsie became
America's favorite spokes-cow, and was recognized in 2000 by AdAge
as one of the top 10 advertising icons of the 20th century. Today,
Borden is headquartered in Dallas and operates 12 milk processing
plants and nearly 100 branches across the U.S. that produce and
distribute nearly 500 million gallons of milk annually for
customers in the grocery, mass market, club, food service,
hospitality, school and convenience store channels. The company's
People First culture has inspired decades of loyal tenure among
hundreds of the 3,300 people Borden employs. In 2019, Borden landed
the No. 16 spot on Forbes' list of America's Most Reputable
Companies, highlighting the company's well-earned trust amongst
consumers.

                      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.


BRUIN E&P: Creidtors Owed at Least $1-Bil. to Get Equity in Plan
----------------------------------------------------------------
Bruin E&P Partners, LLC, and its debtor subsidiaries filed with the
U.S. Bankruptcy Court for the Southern District of Texas, Houston
Division, a Disclosure Statement for the Joint Prepackaged Chapter
11 Plan of Reorganization dated July 16, 2020.

The Company's capital structure consists of $1.077 billion in total
principal amount outstanding as of the Petition Date:

   * a senior secured revolving credit facility with $510 million
in aggregate principal amount outstanding (the "RBL Facility");
and

   * 8.875% Senior Notes with approximately $567 million in
aggregate principal amount outstanding (the "Notes").

Under the Plan, Class 3 RBL Claims owed $400.9 million will recover
53.9 percent.  On the Effective Date, each holder of an Allowed RBL
Claim shall receive, in full and final satisfaction of such Claim,
its Pro Rata share of 92.5% of the New Interests, subject to
dilution by the Management Incentive Plan.

Class 4 Notes Claims owed $589.9 million will recover 2.8 percent.
On the Effective Date, each holder of an Allowed Notes Claim (other
than Notes Claims against the Bruin Williston Debtor) will receive,
in full and final satisfaction of such Claim, its pro rata share of
7.1% of the New Interests, subject to dilution by the Management
Incentive Plan.

Class 5A General Unsecured Claims Against Debtors other than Bruin
Williston Debtor Claims will have a 100% projected recovery under
Plan. On the Effective Date, each holder of an Allowed General
Unsecured Claim Against Debtors other than the Bruin Williston
Debtor shall receive, in full and final satisfaction of such Claim,
(a) payment in full in Cash on the later of (i) the Effective Date,
or (ii) the date due in the ordinary course of business in
accordance with the terms and conditions of the particular
transaction or agreement giving rise to such Claim, or (b) such
other treatment that renders such Claim Unimpaired.

Class 5B General Unsecured Claims Against the Bruin Williston
Debtor Claims will have a 0.2% projected recovery under the Plan.
On the Effective Date, each holder of an Allowed Unsecured Claim
Against the Bruin Williston Debtor (including Notes Claims against
the Bruin Williston Debtor) will receive, in full and final
satisfaction of such Claim, its Pro Rata share of 0.4% of the New
Interests, subject to dilution by the Management Incentive Plan.

Class 8 Bruin Interests will be cancelled, released, and
extinguished without any distribution on account of such existing
Interests.

The Debtors and the Reorganized Debtors, as applicable, shall fund
distributions under the Plan with: (1) the proceeds from the DIP
Facility; (2) the New Interests; and (3) the proceeds from the Exit
Facility, as applicable.

On July 16, 2020, the Debtors, the Equity Sponsor, and the
Consenting Stakeholders entered into the Restructuring Support
Agreement. Since executing the Restructuring Support Agreement, the
Debtors have documented the terms of the restructuring contemplated
thereby, including the Plan. The restructuring transactions
contemplated by the Plan will significantly reduce the Debtors’
funded-debt obligations and annual interest payments and result in
a stronger balance sheet for the Debtors.

The Plan represents a significant step in the Debtors' months-long
restructuring process.  The Restructuring Support Agreement will
allow the Debtors to proceed expeditiously through chapter 11 to a
successful emergence.  The Plan will significantly deleverage the
Debtors' balance sheet and provide the capital injection needed for
the Debtors to conduct competitive operations going forward.

A full-text copy of the Disclosure Statement dated July 17, 2020,
is available at https://tinyurl.com/yy4jq9lx from PacerMonitor at
no charge.

Proposed Co-Counsel to the Debtors:

          JACKSON WALKER L.L.P.
          Matthew D. Cavenaugh
          Veronica A. Polnick
          1401 McKinney Street, Suite 1900
          Houston, Texas 77010
          Telephone: (713) 752-4200
          Facsimile: (713) 752-4221
          E-mail: mcavenaugh@jw.com
                  vpolnick@jw.com

               - and -

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

               - and -

          W. Benjamin Winger
          300 North LaSalle Street
          Chicago, Illinois 60654
          Telephone: (312) 862-2000
          Facsimile: (312) 862-2200
          E-mail: benjamin.winger@kirkland.com

               - and -

          AnnElyse Scarlett Gains
          1301 Pennsylvania Avenue, N.W.
          Washington, D.C. 20004
          Telephone: (202) 389-5000
          Facsimile: (202) 389-5200
          E-mail: annelyse.gains@kirkland.com

                     About Bruin E&P Partners

Bruin E&P Partners, LLC -- http://www.bruinep.com/-- is a
privately owned exploration and production enterprise focused on
the acquisition and development of onshore oil and natural gas
producing properties.  Its production and development activities
are located in North Dakota.  Headquartered in Houston, Texas, and
with offices in Colorado and North Dakota, Bruin has 134
employees.

Bruin E&P Partners filed a Chapter 11 petition (Bankr. S.D. Tex.
Case No. 20-33605) on July 16, 2020.  At the time of filing, the
Debtor had $1 billion to $10 billion estimated assets and $1
billion to $10 billion estimated liabilities.

The Hon. Marvin Isgur oversees the case.


BURBANK HILLS: Case Summary & Unsecured Creditor
------------------------------------------------
Debtor: Burbank Hills, LLC
        9999 Edmore Pl
        Sun Valley, CA 91352

Chapter 11 Petition Date: August 25, 2020

Court: United States Bankruptcy Court
       Central District of California

Case No.: 20-11528

Judge: Hon. Victoria S. Kaufman

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

Total Assets: $1,540,000

Total Liabilities: $497,477

The Debtor listed GM Engineering, Inc. as its sole unsecured
creditor holding a claim of $15,000.

The petition was signed by Andrew Nowaczek, managing member.

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

https://www.pacermonitor.com/view/WDWI5AQ/BurbankHills_LLC__cacbke-20-11528__0001.0.pdf?mcid=tGE4TAMA


C.B. HONEYCUTT: Hires Essex Richards as Bankruptcy Counsel
----------------------------------------------------------
C.B. Honeycutt Grading, Inc. received approval from the U.S.
Bankruptcy Court for the Western District of North Carolina to
employ Essex Richards P.A. as its bankruptcy counsel.

The firm will provide the following services:

     a. advise Debtor concerning the continued management of its
business and its responsibilities under the Bankruptcy Code;

     b. negotiate, prepare and pursue confirmation of a Chapter 11
plan and approval of disclosure statement;

     c. prepare legal papers;

     d. appear in court; and

     e. prosecute and defend Debtor in all adversary proceedings
related to its bankruptcy case.

The firm will be paid at hourly rates as follows:

     John C. Woodman, Esq.            $300
     Paralegals                       $175
     Staffs                           $65

Essex Richards will be paid a retainer in the amount of $10,000 and
will be reimbursed for out-of-pocket expenses incurred.

John Woodman, Esq., a partner at Essex Richards, disclosed in court
filings that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

Essex Richards can be reached at:

     John C. Woodman, Esq.
     Essex Richards, P.A.
     1701 South Bldv.
     Charlotte, NC 28203
     Tel: (704) 377-4300

                        About C.B. Honeycutt

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

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


CALIFORNIA RESOURCES: Gov. Urged to Keep Cleanup Obligations
------------------------------------------------------------
As one of California's largest oil producers enters bankruptcy, the
Center for Biological Diversity and Sierra Club urged Gov. Gavin
Newsom to prevent California Resources Corporation and other
troubled oil companies from shirking legal obligations to clean up
their wells and prevent pollution. CRC filed for Chapter 11
bankruptcy mid-July.

The letter calls on the governor to intervene in CRC's bankruptcy
proceedings to ensure the company sets aside enough money for well
cleanup.  CRC and its affiliates operate approximately 18,700 wells
in California, which could cost more than $1 billion to properly
plug, according to the Institute for Energy Economics and Financial
Analysis. Of these, 7,826 are already "idle," which means they've
produced little to no oil in the past two years.

"Bankruptcy proceedings like these endanger California because oil
companies like CRC can weaponize them to dump their environmental
cleanup costs on the public," said Kassie Siegel, an attorney at
the Center for Biological Diversity. "Given the huge number of
wells at stake, the Newsom administration should intervene quickly
to protect the public from those costs and our environment from
pollution. More big oil bankruptcies are coming, and Gov. Newsom
has a responsibility to be ready."

"CRC's bankruptcy is likely just the first of many as the oil
industry inevitably declines in California. Gov. Newsom has the
tools to protect the public from Big Oil, but so far he hasn't used
them," said Kathryn Phillips, director of the Sierra Club
California.  "It's critical that Gov. Newsom ensure that failing
oil companies are held accountable for cleaning up their own mess,
rather than leaving taxpayers and workers to pay the price."

Although oil companies are required to pay for the cost of properly
plugging and abandoning wells, they have not set aside nearly the
amount required for remediation. Statewide, the California Council
on Science and Technology estimates that cleaning up California’s
approximately 107,000 oil and gas wells would cost over $9.2
billion, yet the bonds that are supposed to cover these costs total
only about $107 million.

The letter also urges Gov. Newsom to take proactive steps to
protect the public and the environment in anticipation of a likely
wave of future oil and gas bankruptcies. These steps include:

   * Increasing and accelerating well plugging and abandonment
requirements to reduce air and water pollution and create jobs.

   * Increasing bond requirements to ensure that oil and gas
companies set aside enough financial resources to cover the full
costs of remediation even if they become insolvent.

   * Ensuring that the oil and gas industry as a whole – not
taxpayers –funds the remediation of truly “orphaned” wells,
by increasing the administrative fee on well owners as needed.

   * Avoiding the accrual of additional well cleanup costs by
halting approvals and permits for new oil and gas activity,
including new wells and fracking permits.

   * Taking steps to ensure that oil and gas companies satisfy
their obligations to workers by honoring their pension and
healthcare commitments.

Despite the dire outlook for the company, Newsom has continued to
issue CRC new permits to drill wells. State oil regulators have
issued CRC and its affiliates permits to drill nearly 300 new wells
so far this year, including 27 new permits in just the first week
of July, all without conducting environmental review required by
law.  Newsom has approved this expansion of drilling operations
despite CRC's long record of violating safety and environmental
regulations.

"As other companies flirt with insolvency, the governor should
accelerate well remediation by solvent operators, increase bonding
levels on existing wells, and stop digging the hole deeper by
handing out new drilling permits," said Siegel.  "Forcing companies
to clean up their own messes would create jobs, keep the public
safe from unattended wells and make sure polluters are the ones
paying for cleanup."

Statewide, Newsom has issued 1,500 drilling permits for new wells
so far this year.  He also lifted a moratorium on fracking by
authorizing 360 new fracking events over the past few months.

In 2014, CRC was created as a spin-off by Occidental Petroleum and
took over Occidental's California oil and gas wells. Since then,
CRC has performed poorly, earning "junk bond" status from ratings
agencies. CRC blamed the coronavirus pandemic and economic downturn
for the bankruptcy, but CRC was at high risk of bankruptcy even
before these events, as detailed in a report from the Institute for
Energy Economics and Financial Analysis.

                     About California Resources

California Resources Corporation -- http://www.crc.com/-- 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.

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.


CANCER GENETICS: Signs Definitive Merger Agreement with StemoniX
----------------------------------------------------------------
Cancer Genetics, Inc. and StemoniX, Inc. have entered into a
definitive merger agreement.  StemoniX, a private company, is
developing high-throughput disease-specific human organoid
platforms integrated with leading-edge data science technologies.
Under the terms of the merger agreement, StemoniX will merge with a
newly formed subsidiary of Cancer Genetics in an all-equity
transaction.  Upon shareholder approval, the combined company
expects to remain listed on the Nasdaq Stock Market.  StemoniX will
retain its name and become a wholly-owned subsidiary of Cancer
Genetics.

The transaction will position the combined company to harness the
synergies between two critical modalities of drug discovery and
development - advanced animal models and relevant human
high-throughput organoid platforms.  The resulting integration of
scientific and technology-based expertise, skilled management
teams, and ability to offer customers an end-to-end platform will
de-risk and accelerate development of preclinical and clinical
pipelines for biopharma partners as well as for the proprietary
pipeline of the combined company.  In combination, Cancer Genetics
and StemoniX currently enjoy partnerships and R&D relationships
with dozens of global pharmaceutical and biotechnology companies.

"The process of discovering and developing a new drug candidate
takes years and comes with a price tag of hundreds of millions - or
even billions - of dollars.  However, we are at unique time in the
drug discovery industry as the convergence of technological
innovations in both biology and software will transform
conventional workflows in time and accuracy.  To convert the
time-consuming and labor-intensive process of developing a drug for
market, we now look to supplement traditional discovery and drug
approval mechanisms to include humanized cell-based assays with
artificial intelligence (AI) along with our core vivoPharm
business.  Given that our strategy and approach are strongly
aligned with those of StemoniX, we are pleased to have moved
forward with this proposed transaction," stated Jay Roberts, chief
executive officer of Cancer Genetics.

"The pharma industry and society are at a critical pivot point.
Viral pandemics and diseases lacking treatments require a new way
of innovation.  The proposed merger expects to expand our ability
to engage with a larger audience of potential partners and expand
our internal capabilities as we deliver on our mission to rapidly
discover the safest and most effective therapeutics on behalf of
our partners and our shareholders.  The mission will stay
consistent - allow scientists to quickly and economically conduct
high-throughput toxicity and drug development studies in
ready-to-assay plates containing functional microOrgans," stated
Ping Yeh, chief executive officer of StemoniX.

                     ABOUT THE TRANSACTION

Pursuant to the merger agreement, Cancer Genetics will acquire all
of the outstanding capital stock of StemoniX in exchange for a
number of shares of its common stock which will represent
approximately 78% of the outstanding common stock of Cancer
Genetics, subject to certain adjustments and prior to the effects
of the financing referred to below, with the current equity holders
of Cancer Genetics retaining 22% of the common stock immediately
following the consummation of the merger.

The Boards of Directors of both companies have approved the
proposed merger, which is expected to close in the fourth quarter
of 2020, subject to the approval of the shareholders of both Cancer
Genetics and StemoniX, financing and other customary closing
conditions.

H.C. Wainwright & Co. is acting as financial advisors to the Board
of Directors of Cancer Genetics, and Lowenstein Sandler is acting
as its legal counsel.  Northland Securities, Inc. is acting as
financial advisor to the Board of Directors of StemoniX and Taft,
Stettinius & Hollister is acting as its legal counsel.

                     About Cancer Genetics

Through its vivoPharm subsidiary, the Cancer Genetics --
http://www.cancergenetics.com/-- offers proprietary preclinical
test systems supporting clinical diagnostic offerings at early
stages, valued by the pharmaceutical industry, biotechnology
companies and academic research centers.  The Company is focused on
precision and translational medicine to drive drug discovery and
novel therapies.  vivoPharm specializes in conducting studies
tailored to guide drug development, starting from compound
libraries and ending with a comprehensive set of in vitro and in
vivo data and reports, as needed for Investigational New Drug
filings. vivoPharm operates in The Association for Assessment and
Accreditation of Laboratory Animal Care International (AAALAC)
accredited and GLP compliant audited facilities.

Cancer Genetics reported a net loss of $6.71 million for the year
ended Dec. 31, 2019, compared to a net loss of $20.37 million for
the year ended Dec. 31, 2018.

Marcum LLP, in Houston, Texas, the Company's auditor since 2019,
issued a "going concern" qualification in its report dated
May 29, 2020, citing that the Company has minimal working capital,
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.


CBL & ASSOCIATES: Disputes Alleged Defaults
-------------------------------------------
CBL & Associates Limited Partnership (the “Operating
Partnership”), the majority owned subsidiary of CBL & Associates
Properties, Inc. (the "REIT" and collectively with the Operating
Partnership, the "Company"), received notices of default and
reservation of rights letters from Wells Fargo Bank, National
Association, the administrative agent (the "Administrative Agent")
under the Operating Partnership's Credit Agreement, dated as of
January 30, 2019 (as the same may be amended, restated,
supplemented, replaced or otherwise modified from time to time, the
"Credit Agreement") on each of May 26, 2020, June 2, 2020, June 16,
2020 and August 6, 2020.  The notices asserted that certain
defaults and events of default occurred and continue to exist by
reason of the Operating Partnership's failure to comply with
certain restrictive covenants, including the liquidity covenant, in
the Credit Agreement and resulting from the failure to make the
$11.8 million interest payment that was due and payable on June 1,
2020 to holders of the Operating Partnership's $450 million
outstanding principal amount of 5.25% senior unsecured notes due
2023 (the "2023 Notes") and the $18.6 million interest payment that
was due and payable on June 15, 2020 to holders of the Operating
Partnership's $625 million outstanding principal amount of 5.95%
senior unsecured notes due 2026 (the "2026 Notes") prior to the
expiration of the applicable grace periods.

In addition, as previously disclosed, on August 6, 2020, the
Operating Partnership received a notice of imposition of base rate
and post-default rate letter from the Administrative Agent, which
(i) informed the Operating Partnership that following an asserted
event of default on March 19, 2020, all outstanding loans were
converted to base rate loans at the expiration of the applicable
interest periods and (ii) sought payment of approximately $4.8
million related thereto for April through June 2020 (the "Demand
Interest").

On August 19, 2020, the Operating Partnership received a notice of
default and reservation of rights letter from the Administrative
Agent, which asserted that each of the failure to pay the Demand
Interest and the entry into the previously disclosed Restructuring
Support Agreement dated August 18, 2020 by the Company with certain
beneficial owners and/or investment advisors or managers of
discretionary funds, accounts or other entities for the holders of
beneficial owners of the 2023 Notes, the 2026 Notes and the
Operating Partnership's $300 million outstanding principal amount
of 4.60% notes due 2024 (the "2024 Notes" and, together with the
2023 Notes and the 2026 Notes, the "Notes") constituted events of
default under the Credit Agreement.

On August 19, 2020, the Operating Partnership received a notice of
acceleration of obligations under the Credit Agreement (the "Notice
of Acceleration") from the Administrative Agent based on the events
of default previously asserted by the Administrative Agent.
Pursuant to the Notice of Acceleration, the Administrative Agent
declared the $1.123 billion principal amount of the loans together
with interest accruing at the base rate and the post-default rate,
which as previously disclosed are rates being disputed by the
Company, $1.3 million of outstanding letters of credit and all
other obligations under the Credit Agreement to be immediately due
and payable.  The Administrative Agent also terminated the
revolving and swingline commitments and the obligation to issue
letters of credit under the Credit Agreement and instructed the
Operating Partnership to deliver approximately $1.3 million to cash
collateralize outstanding letters of credit.

The Company disagrees with the assertions made by the
Administrative Agent as the basis for the Notice of Acceleration
and, accordingly, the validity of the Notice of Acceleration. The
Company continues to dispute the alleged defaults asserted by the
Administrative Agent and has engaged with the Administrative Agent
since receipt of the Notice of Acceleration. The Administrative
Agent has indicated that the lenders intend to continue good faith
negotiations with the Company surrounding a consensual
restructuring of the Company's balance sheet.  In the event that
the Administrative Agent were to attempt to seek to exercise
remedies based on these disputed defaults, however, it is the
Company's intention to seek an immediate stay of any such action in
a court of appropriate jurisdiction.

If it is determined that an event of default exists under the
Credit Agreement and the Notice of Acceleration was properly
provided by the Administrative Agent, all unpaid principal,
interest and other obligations under the Credit Agreement described
above would be due and payable immediately unless the Operating
Partnership negotiates an amendment or waiver with the requisite
lenders under the Credit Agreement.

An acceleration of the Operating Partnership's obligations under
the Credit Agreement will result in an event of default under the
indenture governing the Operating Partnership’s outstanding Notes
if the indebtedness under the Credit Agreement is not discharged or
the acceleration is not rescinded or annulled within a period of 30
days after notice has been given to the Operating Partnership by
the trustee under the indenture governing the Notes or the holders
of at least 25% in aggregate principal amount of the applicable
series of Notes specifying such default and requiring that the
indebtedness under the Credit Agreement be discharged or such
acceleration be rescinded. Following the occurrence of any such
event of default, the trustee or the holders of at least 25% in
aggregate principal amount of the applicable series of Notes may
declare all outstanding principal of such series of Notes and
accrued and unpaid interest to be due and payable immediately.

                        Letter to Holders

On Aug. 25, 2020, CBL Holdings I, Inc., acting in its capacity as
the sole general partner of CBL & Associates Limited Partnership,
the Operating Partnership (the "Operating Partnership") of CBL &
Associates Properties, Inc. (the "Company"), issued a letter to all
holders of limited partnership interests other than the Company,
directing their attention to certain of the Company's prior public
disclosures concerning the implications for limited partners of the
Company's previously announced restructuring process.  A copy of
the letter is furnished at https://tinyurl.com/y48a2mao

                       About CBL Properties

CBL & Associates Properties, Inc. -- http://www.cblproperties.com

-- is a self-managed, self-administered, fully integrated REIT.
The
Company owns, develops, acquires, leases, manages, and operates
regional shopping malls, open-air and mixed-use centers, outlet
centers, associated centers, community centers, office and other
properties.  The Company's Properties are located in 26 states,
but
are primarily in the southeastern and midwestern United States.
The Company has elected to be taxed as a REIT for federal income
tax purposes.

CBL & Associates reported a net loss of $131.72 million for the
year ended Dec. 31, 2019, compared to a net loss of $99.23 million
for the year ended Dec. 31, 2018.


CEC ENTERTAINMENT: Committee Taps A&M as Financial Advisor
----------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of CEC Entertainment, Inc. and its affiliates
seeks approval from the U.S. Bankruptcy Court for the Southern
District of Texas to hire  Alvarez & Marsal North America, LLC as
its financial advisor.     

The firm will provide the following services to the committee:

     (a) assist in the assessment and monitoring of cash flow
budgets, liquidity and operating results;

     (b) assist in the review of court disclosures;

     (c) assist in the review of Debtors' cost-benefit
evaluations;

     (d) assist in the analysis of Debtors' assets and liabilities
and any proposed transactions for which court approval is sought;

     (e) assist in the review of Debtors' proposed key employee
retention plan and key employee incentive plan, if any;

     (f) attend meetings with Debtors, lenders, creditors,
potential investors, the creditors' committee and any other
official committees;

     (g) assist in the review of any tax issues;

     (h) assist in the investigation and pursuit of causes of
actions;

     (i) assist in the review of the claims reconciliation and
estimation process;

     (j) assist in the review of Debtors' business plan;

     (k) assist in the review of the sales or dispositions of
Debtors' assets;

     (l) assist in the valuation of Debtors' enterprise and equity,
and the analysis of debt capacity;

     (m) assist in the review or preparation of information and
analysis necessary for the confirmation of a Chapter 11 plan; and

     (n) participate in hearings before the court with respect to
matters based upon which Alvarez & Marsal has provided advice.

The firm's hourly rates are as follows:

        Managing Directors   $900 - $1,150
        Directors            $700 - $875
        Associates           $550 - $675
        Analysts             $400 - $500

Mark Greenberg, managing director at Alvarez & Marsal, disclosed in
court filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Mark Greenberg
     Alvarez & Marsal North America, LLC
     700 Louisiana Street, Suite 3300
     Houston, TX 77002
     Telephone: (713) 571-2400
     Facsimile: (713) 547-3697

                   About CEC Entertainment

CEC Entertainment is a family entertainment and dining company that
owns and operates Chuck E. Cheese and Peter Piper Pizza
restaurants.  As of Dec. 31, 2019, CEC Entertainment and its
franchisees operate a system of 612 Chuck E. Cheese restaurants and
129 Peter Piper Pizza stores, with locations in 47 states and 16
foreign countries and territories.  Visit
http://www.chuckecheese.comfor more information.

CEC Entertainment recorded a net loss of $28.92 million for the
year ended Dec. 29, 2019, compared to a net loss of $20.46 million
for the year ended Dec. 30, 2018.  As of Dec. 29, 2019, CEC
Entertainment had $2.12 billion in total assets, $1.90 billion in
total liabilities, and $213.78 million in total stockholders'
equity.

On June 24, 2020, CEC Entertainment and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 20-33163).

Judge Marvin Isgur oversees the cases.

Debtors have tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel, FTI Consulting, Inc. as financial advisor, PJT Partners LP
as investment banker, Hilco Real Estate, LLC as real estate
advisor, and Prime Clerk, LLC, as claims, noticing and solicitation
agent.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on July 13, 2020.  The committee has tapped Kelley Drye &
Warren, LLP and Womble Bond Dickinson (US), LLP as its legal
counsel, and Alvarez & Marsal North America, LLC as its financial
advisor.


CEC ENTERTAINMENT: Committee Taps Kelley Drye as Lead Counsel
-------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of CEC Entertainment, Inc. and its affiliates
seeks approval from the U.S. Bankruptcy Court for the Southern
District of Texas to hire Kelley Drye & Warren LLP as its legal
counsel.

The firm will provide the following legal services:

     (a) advise the committee with respect to its rights, duties
and powers in Debtors' bankruptcy cases;

     (b) assist the committee in its consultations with Debtors;  


     (c) assist the committee in its investigation of the acts,
conduct, assets, liabilities and financial condition of Debtors;

     (d) assist the committee in connection with Debtors'
restructuring and Chapter 11 plan process;

     (e) analyze claims of creditors;

     (f) represent the committee in legal matters generally arising
in Debtors' cases;

     (g) appear before the bankruptcy court and any other federal,
state
or appellate court; and

     (h) prepare court pleadings.

The firm's standard hourly rates for attorneys and
paraprofessionals are as follows:

            Title                Hourly Rates
            Partners             $705-$1,245
            Special Counsel      $585-$840
            Associates           $435-$805
            Paraprofessionals    $200-$365

Jason Adams, Esq., a partner at Kelley Drye, disclosed in a court
filing that the firm is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code.

Mr. Adams also made the following disclosures in response to the
request for additional information set forth in Paragraph D.1 of
the U.S. Trustee Guidelines:

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

     Answer: No.

     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 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: Kelley Drye did not represent the committee in the 12
months prior to Debtors' bankruptcy filing.  The firm represented
committees in other bankruptcy cases in the 12 months prior to the
petition date.

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

     Answer: Debtor approved the firm's budget and staffing plan
for the period of July 14 to Sept. 30, 2020.

The firm can be reached through:

     Jason R. Adams, Esq.
     Kelley Drye & Warren LLP
     101 Park Avenue
     New York, NY 10178
     Telephone: (212) 808-7800
     Facsimile: (212) 808-7897
     Email: jadams@kelleydrye.com

                   About CEC Entertainment

CEC Entertainment is a family entertainment and dining company that
owns and operates Chuck E. Cheese and Peter Piper Pizza
restaurants.  As of Dec. 31, 2019, CEC Entertainment and its
franchisees operate a system of 612 Chuck E. Cheese restaurants and
129 Peter Piper Pizza stores, with locations in 47 states and 16
foreign countries and territories.  Visit
http://www.chuckecheese.comfor more information.

CEC Entertainment recorded a net loss of $28.92 million for the
year ended Dec. 29, 2019, compared to a net loss of $20.46 million
for the year ended Dec. 30, 2018.  As of Dec. 29, 2019, CEC
Entertainment had $2.12 billion in total assets, $1.90 billion in
total liabilities, and $213.78 million in total stockholders'
equity.

On June 24, 2020, CEC Entertainment and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 20-33163).

Judge Marvin Isgur oversees the cases.

Debtors have tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel, FTI Consulting, Inc. as financial advisor, PJT Partners LP
as investment banker, Hilco Real Estate, LLC as real estate
advisor, and Prime Clerk, LLC, as claims, noticing and solicitation
agent.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on July 13, 2020.  The committee has tapped Kelley Drye &
Warren, LLP and Womble Bond Dickinson (US), LLP as its legal
counsel, and Alvarez & Marsal North America, LLC as its financial
advisor.


CEC ENTERTAINMENT: Committee Taps Womble Bond as Co-Counsel
-----------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of CEC Entertainment, Inc. and its affiliates
seeks approval from the U.S. Bankruptcy Court for the Southern
District of Texas to hire Womble Bond Dickinson (US) LLP.

Womble Bond will serve as co-counsel with the committee's lead
bankruptcy counsel, Kelley Drye & Warren, LLP.

The firm's hourly rates are as follows:

     Timekeeper Position          Hourly Rate
     Partners                     $325 - $925
     Of Counsel                   $330 - $890
     Senior Counsel               $125 - $620
     Counsel                      $100 - $650
     Associates                   $265 - $710
     Paralegals                    $50 - $475

Matthew Ward, Esq., a partner at Womble Bond, disclosed in a court
filing that he and other attorneys of the firm do not hold any
interest adverse to the committee and the Debtor's estate or
creditors.

Consistent with the U.S. Trustee's Appendix B Guidelines, Mr. Ward
made the following disclosures:

     (a) Womble Bond did not agree to a variation of its standard
and customary billing arrangements for the engagement;

     (b) Womble Bond's professionals included in the engagement
have not varied their rates based on the geographic location of the
Chapter 11 Cases;

     (c) Womble Bond did not represent the committee prior to the
petition date; and

     (d) Womble Bond is developing a prospective budget and
staffing plan for the cases, which the firm and the committee will
review after the close of the budget period to determine a budget
for the following period.  The committee is aware that during the
course of Debtors' Chapter 11 cases, there may be unforeseeable
fees and expenses that will need to be addressed by the committee
and the firm.  Both will review the budget and staffing plan
throughout the pendency of the cases to determine any adjustments
required to the budget and staffing plan.

Womble Bond can be reached through:

     Matthew P. Ward, Esq.
     Womble Bond Dickinson (US) LLP
     811 Main Street, Suite 3130
     Houston, TX 77002
     Telephone: (346) 998-7801
     Email: matthew.ward@wbd-us.com

                   About CEC Entertainment

CEC Entertainment is a family entertainment and dining company that
owns and operates Chuck E. Cheese and Peter Piper Pizza
restaurants.  As of Dec. 31, 2019, CEC Entertainment and its
franchisees operate a system of 612 Chuck E. Cheese restaurants and
129 Peter Piper Pizza stores, with locations in 47 states and 16
foreign countries and territories.  Visit
http://www.chuckecheese.comfor more information.

CEC Entertainment recorded a net loss of $28.92 million for the
year ended Dec. 29, 2019, compared to a net loss of $20.46 million
for the year ended Dec. 30, 2018.  As of Dec. 29, 2019, CEC
Entertainment had $2.12 billion in total assets, $1.90 billion in
total liabilities, and $213.78 million in total stockholders'
equity.

On June 24, 2020, CEC Entertainment and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 20-33163).

Judge Marvin Isgur oversees the cases.

Debtors have tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel, FTI Consulting, Inc. as financial advisor, PJT Partners LP
as investment banker, Hilco Real Estate, LLC as real estate
advisor, and Prime Clerk, LLC, as claims, noticing and solicitation
agent.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on July 13, 2020.  The committee has tapped Kelley Drye &
Warren, LLP and Womble Bond Dickinson (US), LLP as its legal
counsel, and Alvarez & Marsal North America, LLC as its financial
advisor.


CHUCK E. CHEESE: Noteholders Oppose Use of Cash Amid Shutdown
-------------------------------------------------------------
Katherine Doherty, writing for Bloomberg News, reports that a group
of bondholders in CEC Entertainment Inc., the parent company of
Chuck E. Cheese and Peter Piper Pizza, objects to the debtors' use
of cash collateral in its bankruptcy, arguing that the terms allow
certain secured lenders to take "control" of the case.

Ad hoc group claims that the request to use cash and other
collateral includes "restrictive" milestones that give the secured
lenders a chance to "seize control" over the case at the expense of
other parties, according to a court filing.

                   About CEC Entertainment

CEC Entertainment -- http://www.chuckecheese.com/-- is a family
entertainment and dining company that owns and operates Chuck E.
Cheese and Peter Piper Pizza restaurants.  As of Dec. 31, 2019, CEC
Entertainment and its franchisees operate a system of 612 Chuck E.
Cheese restaurants and 129 Peter Piper Pizza stores, with locations
in 47 states and 16 foreign countries and territories.

CEC Entertainment recorded a net loss of $28.92 million for the
year ended Dec. 29, 2019, compared to a net loss of $20.46 million
for the year ended Dec. 30, 2018.  As of Dec. 29, 2019, CEC
Entertainment had $2.12 billion in total assets, $1.90 billion in
total liabilities, and $213.78 million in total stockholders'
equity.

On June 24, 2020, CEC Entertainment and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 20-33163).  Judge Marvin Isgur oversees the
cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as bankruptcy
counsel; FTI Consulting, Inc. as financial advisor; PJT Partners
LP
as investment banker; Hilco Real Estate, LLC as real estate
advisor; and Prime Clerk, LLC, as claims, noticing and
solicitation
agent.


COMMUNITY HOME: District Court Vacates Fee Award
------------------------------------------------
In the appellate case captioned EDWARDS FAMILY PARTNERSHIP, LP;
BEHER HOLDINGS TRUST, Appellants, v. KRISTINA M. JOHNSON; DEREK A.,
HENDERSON; WELLS, MARBLE & HURST, PLLC Appellees, Cause No.
3:18-CV-158-CWR-LRA (S.D. Miss.), District Judge Carlton W. Reeves
vacated the award of professional fees to attorney Derek A.
Henderson and the law firm of Wells, Marble & Hurst, PLLC.

Edwards Family Partnership, LP and Beher Holdings Trust appealed
the Bankruptcy Court's award of professional fees to Henderson and
Wells, Marble & Hurst, PLLC.

In the first appeal of this fee dispute, the District Court
affirmed the Bankruptcy Court's award to Derek A. Henderson for the
time he spent "opposing a Chapter 11 trustee and proposing an
ultimately unsuccessful plan of reorganization" in the Community
Home Financial Services bankruptcy. That Henderson's proposed plan
was unsuccessful was beside the point; he had made a reasonable
judgment call at the time, the Court held.

The District Court remanded the remainder of the appeal. It
requested additional factual findings on the reasonableness of fees
claimed by Henderson and Wells, Marble & Hurst, PLLC, based on
commencing and then litigating certain Adversary Proceedings in the
bankruptcy matter.

On remand, the Bankruptcy Court made its additional findings. The
Edwards entities again appealed.

The Edwards entities claimed the award was unjustified, while
Henderson and Wells Marble sought to defend their recovery. The
Trustee, despite staying neutral in the Bankruptcy Court
proceedings, filed the longest brief in this appeal to support her
fellow claimants' fee recovery.

Having examined the Bankruptcy Court's supplemental findings and
the present briefs, the District Court says it has "regretfully"
concluded that the record does not support Henderson and Wells
Marble's attorney's fees on the Adversary Proceedings.

When the lawyers decided to pursue the Adversary Proceedings, the
total sum of the unsecured claims was low, both in real terms and
relative to the vast claims of Dr. Edwards' entities. Yet the
lawyers filed "Adversary Proceedings rais[ing] complicated issues
potentially requiring interpretation of the laws of Costa Rica,
Bermuda, British Virgin Islands, Maryland, Mississippi, and
California." It was an expensive course of action from the outset.
Given the modest amounts sought by the unsecured creditors, it
would have been more cost-effective, faster, and better for the
estate to pay off the few unsecured creditors rather than hire
professionals to litigate Adversary Proceedings quibbling about
their priority.

To this, the Bankruptcy Court found that the Adversary Proceedings
had "a material benefit to creditors other than EFP and BHT,
including administrative expense, priority, and unsecured
claimants." According to Judge Reeves, that is true only because
the Adversary Proceedings materially benefitted persons and firms
filing administrative expenses -- lawyers. They had no benefit to
anyone else.

That is not enough to independently sustain the fee award, Judge
Reeves says. As the Bankruptcy Court in Delaware explained last
year, "[i]t is important to hold professionals responsible for the
fees that they incur and ensure that trustees work for the benefit
of the estate, instead of pursuing actions that 'primarily benefit
the trustee or the professionals.'"

The District Court has debated whether the Bankruptcy Court's award
rises to the level of an abuse of discretion. Judge Reeves reviewed
the authorities mentioned which emphasize that "bankruptcy
professionals are not guarantors of the success of a particular
theory, proceeding, or strategy." The Delaware court added, "[t]he
standards set forth in section 330 reflect the realities of legal
practice, where trustees or professionals often act without
complete information about what the ultimate results of those
actions might be." It proceeded to note its concerns about those
professionals who might engage in "the heedless pursuit" of actions
"incurring substantial professional expense for little or no return
to the estate." As those facts were not presented there, however,
the Delaware court awarded fees to the attorneys before it.

After "taking into account all relevant factors" of this particular
case, Judge Reeves says he was ultimately persuaded that granting
fees for the Adversary Proceedings constituted an abuse of
discretion. These legal services were neither necessary nor
"reasonably likely" to benefit the CHFS estate. When one considers
"the reasonable costs of pursuing the action[s]," the "potential
benefits to the estate," and the unique factual reality that Dr.
Edwards was forced to fund litigation against himself, to the
detriment of all creditors, the award cannot be sustained. This was
not a good gamble. The choice to pursue the course of action taken
here was not reasonable.

A copy of the Court's Order dated August 5, 2020 is available at
https://bit.ly/2YyevQA from Leagle.com.

                About Community Home Financial

Community Home Financial is a specialty finance company providing
contractors with financing for their customers.  It operated from
one central location providing financing through its dealer network
throughout 25 states, Alabama, Delaware, and Tennessee.  On
December 23, 2013, Community Home Financial changed its principal
place of business to Panama.

Community Home Financial filed a Chapter 11 petition (Bankr. S.D.
Miss. Case No. 12-01703) on May 23, 2012.  The petition was signed
by William D. Dickson, its president.

The Debtor scheduled $44.9 million in total assets and $30.3
million in total liabilities.  Judge Edward Ellington presides over
the case.

The Debtor was first represented by Roy H. Liddell, Esq., and
Jonathan Bissette, Esq., at Wells, Marble, & Hurst, PPLC as Chapter
11 counsel.  Wells Marble was terminated Nov. 13, 2013.

The Debtor later engaged Derek A. Henderson, Esq., in Jackson,
Mississippi.  In 2013, the Debtor sought to employ David Mullin,
Esq., at Mullin Hoard & Brown LLP, as special counsel.

On Jan. 9, 2014, Kristina M. Johnson was appointed as Chapter 11
trustee for the Debtor.  Jones Walker LLP served as counsel to the
trustee, while Stephen Smith, C.P.A., acted as accountant.


CORNELL ST: U.S. Trustee Objects to Plan of Reorganization
----------------------------------------------------------
William K. Harrington, the United States Trustee for Region 2, to
the proposed plan of reorganization filed by Debtor Cornell St.
Hempstead, LLC.

The United States Trustee claims that the Plan is also
unconfirmable under the Subchapter V small business provisions at
Bankruptcy Code section 1190, et seq., because it fails to comply
with any of the requirements of section 1190. The Plan fails to
provide a history of the Debtor, projections or a liquidation
analysis.

The United States Trustee points out that the lack of financial
information precludes confirmation under Bankruptcy Code section
1191 because Bankruptcy Code section 1191(c) requires that the Plan
devote all of the debtor’s projected disposable income received
in the three or five year period to plan payments, or the value of
the property distributed under the plan in the three or five year
period must not be not less than the disposable income of the
debtor.

The United States Trustee submits that under the standards
enunciated by the Second Circuit, and the case law cited herein,
the Debtor’s Plan fails to meet the good faith requirements of
Bankruptcy Code section 1129 (a)(3).

The United States Trustee asserts that the Plan was apparently
filed without any consultation or input from the Trustee. And
apparently, the Debtor has not sought out the First Lienholder and
has not sought to negotiate with the First Lienholder.  

A full-text copy of the United States Trustee's objection to plan
of reorganization dated July 16, 2020, is available at
https://tinyurl.com/y6ba4wc5 from PacerMonitor at no charge.

                  About Cornell St Hempstead

Based in New York, Cornell St Hempstead, LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
20-71624) on March 13, 2020, listing under $1 million in both
assets and liabilities.  Judge Alan S. Trust oversees the case.
Hasbani & Light, P.C., is the Debtor's legal counsel.


CUENTAS INC: Shareholders Pass Two Proposals at Special Meeting
---------------------------------------------------------------
At a special meeting of the shareholders of Cuentas, Inc. which was
held on Aug. 17, 2020, the Shareholders:

   (1) approved the adoption of the Amended and Restated Articles
       in order to, effective as of the date the Amended and
       Restated Articles are filed with the Secretary of State of
       the State of Florida, cause all outstanding shares of
       Preferred Stock to be converted into shares of Common
       Stock on a one-to-one basis; and

   (2) approved the adoption of the Amended and Restated Bylaws
       of the Company in order to improve and enhance the
       Company's corporate governance structure, to simplify the
       Bylaws and to provide the Company with the flexibility
       necessary to carry out its business plan.

On Aug. 21, 2020, in connection with the Special Meeting, Cuentas
filed with the Secretary of State of the State of Florida the
Company's Amended and Restated Articles of Incorporation to, among
other things, cause all outstanding shares of Series B Preferred
Stock, par value $0.001 per share to be converted into shares of
the Company's common stock, par value $0.001 per share on a
one-to-one basis.  Additionally, the Company amended and restated
its bylaws to improve and enhance the Company's corporate
governance guidelines, to simplify the Bylaws, and to provide the
Company with the flexibility necessary to carry out its business
plans.

Pursuant to the anti dilution terms of the 12/31/2019 transaction
between Cuentas Inc., Dinar Zuz LLC and CIMA Telecom, Inc., Cuentas
is issuing 5M shares to Dinar Zuz LLC and 5M shares to CIMA
Telecom, Inc.

As stated in the Proxy Statement, "The Conversion Shares will be
subject to a 12 month lock-up whereby the holders of such
Conversion Shares may not offer, sell, contract to sell,
hypothecate, pledge or otherwise dispose of their Conversion Shares
for 12 months from the date of filing the Amended and Restated
Articles of Incorporation with the Florida Secretary of State.
Thereafter, each holder of Conversion Shares will be limited to
selling up to 10% of the Conversion Shares received by him in any
one month period."

                         About Cuentas

Headquartered in Miami, Florida, Cuentas, Inc. --
http://www.cuentas.com/-- is focused on financial technology
services, delivering mobile banking, online banking, prepaid debit
and digital content services to unbanked, underbanked and
underserved communities.  The Company derives its revenue from the
sales of prepaid and wholesale calling minutes.

Cuentas reported a net loss attributable to the company of $1.32
million for the year ended Dec. 31, 2019, compared to a net loss
attributable to the company of $3.56 million for the year ended
Dec. 31, 2018.  As of June 30, 2020, the Company had $8.19 million
in total assets, $3.68 million in total liabilities, and $4.51
million in total stockholders' equity.

Halperin Ilanit, in Tel Aviv, Israel, the Company's auditor since
2018, issued a "going concern" qualification in its report on the
consolidated financial statements for the year ended March 30, 2020
citing that as of Dec. 31, 2019, the Company has incurred
accumulated deficit of $19,390,000 and negative operating cash
flows.  These factor, among others, raise substantial doubt about
the Company's ability to continue as a going concern.


DELTA AIR: Fitch Rates Guaranteed Revenue Bonds 'BB+/RR4'
---------------------------------------------------------
Fitch Ratings has assigned a rating of 'BB+'/'RR4' to a series of
special facility revenue bonds totalling $1.3 billion to be
guaranteed by Delta Air Lines, Inc. The bonds will be issued by the
New York Transportation Development Corporation, and the proceeds
of the bonds will be loaned to Delta to fund a portion of the total
costs of the ongoing demolition of terminals C and D at New York's
LaGuardia airport and the design and construction of new terminal
facilities to be leased by Delta under a lease with the Port
Authority of New York and New Jersey expiring in 2050. The
guarantee will be secured by leasehold mortgages in Delta's
leasehold interest in the terminal. The new bonds rank equal in
right of payment to the series 2018 revenue bonds that were issued
under the same master indenture. Fitch also rates the 2018 bonds at
'BB+'/'RR4'.

KEY RATING DRIVERS

The 'BB+'/'RR4' rating on the notes is in-line with Delta's
corporate Issuer Default Rating. Although Fitch views the revenue
bonds as having a favorable position compared with Delta's
unsecured issuances, the value of the collateral is difficult to
ascertain, particularly during the construction phase of this
project, and Fitch does not consider the benefit of the collateral
to be sufficient to warrant a rating above its unsecured rating. If
Delta were to experience financial difficulty while construction
was on-going, a replacement lessee would need to find funding for
the remainder of the project, making the benefit of the security to
investors less certain than it is for other debt issuances backed
by hard assets like aircraft, engines or spare parts.

Nevertheless, Fitch believes that revenue bondholders benefit from
the strategic importance of Delta's position at LaGuardia. Delta is
the largest single carrier at LaGuardia accounting for roughly 25%
of passenger traffic according to Bureau of Transportation
Statistics data. In addition, the guarantee from Delta would allow
bond holders to file a general unsecured claim in a potential
bankruptcy scenario for any amount owed under the bonds that is
over the determined value of Delta's leasehold interest in the
premises.

Delta Air Lines Credit Profile: Fitch downgraded Delta to 'BB+'
from 'BBB-' in April of this year due to sharply lower demand
stemming from the Coronavirus pandemic. Delta's ratings continue to
have a Negative Outlook.

Substantial New Debt: Delta has materially increased its debt
balance since the onset of coronavirus to shore up liquidity.
Delta's cash balance is now well over pre-coronavirus levels,
standing at over $15 billion at the end of the second quarter, such
that the increase in net debt has been modest to date. Delta's
total debt balance increased by approximately $13.7 billion from YE
2019 to June 30 2020, but net debt increased by only $4.8 billion,
equivalent to about a half turn of pre-coronavirus EBITDAR. Fitch
typically focuses on gross leverage for airlines, but Delta's
current liquidity balance makes net cash relevant in this
situation. The current increase in net debt is manageable, and
Delta has substantial capacity to use cash to de-lever should cash
flows improve. If cash burn remains above Fitch's expectations,
failing to reach break-even by early in 2021, the ratings could be
pressured further. Fitch expects gross and net leverage to remain
elevated for the 'BB+' rating at least through YE 2021 due to a
slower than expected rebound in passenger traffic.

Through the first six months of the year the company raised funds
through a $3 billion 364-day term loan secured by aircraft, fully
drawing down $3 billion in revolver capacity, raised $5 billion
through a combination of secured term loans and notes, issued $1.3
billion in unsecured notes and completed $1.243 million in EETC
debt. Delta also entered into $2.8 billion in sale-leaseback
transactions.

Sufficient Liquidity: Fitch believes that the company has
sufficient liquidity to manage through the current downturn,
assuming that traffic continues to slowly improve. Delta is
publicly targeting cash-burn breakeven by the end of this year
Fitch's forecast is more conservative, showing a daily cash burn of
approximately $20 million for the fourth quarter. Even if cash burn
was sustained at this rate, the company maintains a significant
liquidity cushion. Delta also maintains a sizable balance of
unencumbered assets and the potential to raise funds secured by its
loyalty program that could provide substantial additional
liquidity.

Air Traffic Recovery Lagging Initial Expectations:

Ongoing high levels of reported coronavirus cases and travel
restrictions are leading to a prolonged recovery in air traffic
compared to Fitch's prior forecast. The industry saw a material
rebound in demand off of April through levels, but the pace of
recovery slowed as reported cases began to rise again in June.
There is a high degree of uncertainty in forecasts for travel
demand in 2021 and beyond. The pace of recovery is likely to be
dependent on how effective efforts are at controlling coronavirus
cases through the fall and winter along with the timing of
potential treatments or vaccines. In any scenario, 2021 traffic is
unlikely to recover as quickly as Fitch previously expected placing
further pressure on airline credit ratings.

DERIVATION SUMMARY

This transaction is similar to American's JFK revenue bonds. Fitch
Rates American's revenue bonds in line with its other secured debt,
two notches above the corporate issuer default rating. In this case
the 'BB+' rating is in-line with Delta's corporate rating and one
notch below its other secured debt. The decision to align the note
rating with the corporate rating reflects Fitch's view that the
security for this transaction (Delta's leasehold interest in its
space at LaGuardia) is not as beneficial to debtholders compared
with other debt that is secured by hard assets like aircraft and
spare parts and/or international route rights, particularly due to
the risks involved with demolition and construction of the
facilities.

KEY ASSUMPTIONS

Key Assumptions in Fitch's rating case include a steep drop in
demand through 2020, with full recovery not occurring until 2023 or
later. As of Fitch's last full review, the base forecast included
revenues down by roughly 90% through the second quarter of the
year, down as much as 60%-65% in the third quarter, and down at
least 30% in the fourth quarter for domestic focused carriers and
closer to 50% for carriers with more international exposure. These
assumptions are under review and could be revised lower in light of
slower than expected recovery in passenger traffic. Delta's actual
liquidity balance at second-quarter 2020 is significantly better
than previously expected ($15 billion versus an expectation of
roughly $8.5 billion) as Fitch's prior forecasts did not
incorporate the new debt issuances completed in the second quarter.
Higher liquidity partly offsets Fitch's expectations for a slower
recovery.

RATING SENSITIVITIES

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

  -- FCF margins moving back to the low single digits;

  -- EBIT margins in the midteens;

  -- Sustained commitment to conservative financial policies;

  -- Adjusted debt/EBITDAR sustained around or below 2.5x.

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

  -- An extended drop in travel due to the coronavirus pandemic;

  -- Sustained adjusted debt/EBITDAR above 3.3x;

  -- FCF margins declining to neutral on a sustained basis;

  -- FFO fixed-charge coverage falling below 3.5x on a sustained
basis;

  -- Change in management strategy that favors shareholder returns
at the expense of a healthy balance sheet.

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).


DENIHAN HOSPITALITY: Ashkenazy Urges Surrey Hotel to Sell Assets
----------------------------------------------------------------
Natalie Sachmechi, writing for Crains New York, reports that
Ashkenazy Acquisition Group is forcing the Surrey Hotel to sell off
all its assets to salvage a $45 million loan.

Ashkenazy owns the mortgage on the luxury lodging's location at 20
E. 76th St., but the Denihan Hospitality Group controls the brand.
The Surrey reportedly has been struggling to pay rent during the
pandemic, and the mysterious ground lessor wants to terminate its
lease at the property.

After the property investor and the hotel couldn't agree on a
budget to restructure the finances of the struggling hospitality
group, a Bankruptcy Court judge in Manhattan allowed the conversion
from Chapter 11 to Chapter 7.

There were several issues that the two parties could not agree on.

The investment firm, led by billionaire Ben Ashkenazy, agreed to
pay the hotel's taxes on a monthly basis from July 1 through
December as well as utility and security expenses, which would
amount to $2 million in that time, according to the filings. But
the Surrey has said it needs more than double that -- $5 million in
the next three months -- to "preserve and protect the hotel."

Ashkenazy refused to cover the rent on the hotel's ground lease,
which Denihan is alleged not to have paid since March. The hotel's
ground lessor, Surrey Realty Associates LLC, attempted to terminate
the lease, which is also Ashkenazy's collateral under the now-$60
million loan agreement. If the lease were to be terminated,
Ashkenazy would lose it all, filings said.

His attorney, Kevin Nash, claimed that Denihan was working with the
ground lessor to terminate the lease to free itself from debt and
claims that creditors, such as Ashkenazy, could bring.

The real estate investor strong-armed Denihan into an involuntary
Chapter 11 bankruptcy in April to stop the lessor from taking back
the lease, according to court records.

"Bankruptcy is the only available forum for relief at this time as
the New York state courts are closed to commercial disputes," Nash
wrote.

Still, the ground lessor is allegedly refusing to rescind the
default against Denihan and is gunning to take the lease, according
to court papers.

The lawyer claims that the owner of the lot is taking advantage and
trying to "capitalize on the Covid-19 crisis to the detriment of
all other creditors and stakeholders," Nash wrote. "The
commencement of this involuntary case stays the ground lessor's
brazen acts of brinkmanship."

Under Chapter 7, Ashkenazy will forgo restructuring plans and
instead sell the hotel's assets to recover as much of the debt as
he can, though it's too soon to say which assets he will go after,
Nash said.

Attorneys for Denihan could not be immediately reached for comment.


Ashkenazy Acquisition Corporation is a private real estate
investment firm focusing on retail and office assets.  Ashkenazy
Acquisition has acquired over 13 million square feet of retail,
office and residential properties, located throughout the United
States, Canada and England.


DIOCESE OF BUFFALO: Victims Balk at $162K for PR Consultant
-----------------------------------------------------------
WKBW Buffalo reports that earlier this year, the Catholic Diocese
of Buffalo declared Chapter 11 bankruptcy after it was faced with
hundreds of lawsuits alleging sexual abuse by priests.

But despite its financial problems, the diocese is now paying big
bucks to change its image -- and that's not sitting well with
survivors of abuse.

Few have benefited from the diocese's decision to declare
bankruptcy as much as Greg Tucker, who has been working as a
behind-the-scenes adviser to interim Bishop Edward Scharfenberger
since the bishop's introductory news conference last December.

The national public relations consultant replaced former diocese
spokesperson Kathy Spangler soon after former Bishop Richard J.
Malone's resignation. He's now making hundreds of thousands of
dollars from a diocese that says it is financially insolvent.

Records filed in U.S. Bankruptcy Court show the diocese paid Tucker
more than $93,000 from December through February.

Going forward, under an agreement approved by a bankruptcy judge,
the diocese will pay Tucker $10,000 per month plus a maximum of
$3,500 in monthly expenses, even though Tucker says he is not
traveling as much because of the COVID-19 pandemic.

That equals $162,000 per year, if Tucker stays for another 12
months.  Lawyers say the bankruptcy process could last three or
four years.  Add that to what Tucker has already been paid, and his
total a year from now would turn out to be more than a quarter of a
million dollars ($255,000).

"I think it's extravagant," said abuse survivor Kevin Koscielniak,
who says the diocese should save that money for abuse settlements
with survivors.

"You know what the best P.R. plan is? How about you tell the
truth," Koscielniak said. "How about you get in front of people,
and come right out and say, 'Here are the files. We care about
survivors. We want to make sure that this doesn't happen anymore.
Here's the files. We're going to go to the Vatican, we're going to
ask the pope to get rid of all the bad priests or give us, the
bishops, the power to do that. And how about we start to really
care and show that we're here to make a change.'"

Tucker, who lives in Baltimore, Md., is being paid to "arrange
press conferences...advise diocesan leadership regarding public
perception of the diocese...and oversee all internal and external
communications," according to court documents.

The agreement says he will work one week per month from Baltimore
and another four days per month in Buffalo, though he said in an
email that “it has turned into a great deal more” and he has
not billed for those additional hours. Tucker in the application
also asks that he “be permitted to submit fee applications
providing a general description of the services provided, without
submitting hourly time records.”

"I believe they're facing a monumental task," abuse survivor Kevin
Brun said of the diocese’s attempts to change its image. "And I
think it's a waste of money."

The agreement was approved by a bankruptcy committee of abuse
survivors, but Brun, who said he was abused by Fr. Art Smith, voted
against it.

"This has been very painful for me," Brun said of the bankruptcy
process. "I've heard it a thousand times, from attorneys to the
bishop, everyone involved. 'We are so concerned about making this
right for the survivors.' My answer to that is if you're going to
talk the talk, it's time to walk the walk."

In a written statement, Tucker said he is helping to fill a
"critical need for professional communications given the
significant challenges that the Diocese of Buffalo is working to
resolve."

Tucker disputed his status as a P.R. consultant, pointing to his
title as interim communications director. As for the cost of his
services, he said he reduced his fee by 30 percent "given the
significant financial challenges of the diocese." Court records
show the diocese originally planned to pay him $15,000 per month
instead of $10,000 per month.

He said he hopes to provide the diocese with "essential
information, clarity, context that is so needed at this time, even
as the work to bring about a new era of renewal within the Diocese
of Buffalo continues." Click here to read Tucker's full statement.

While Tucker's rates are higher than some public relations rates in
Buffalo, industry sources say some local agencies had no interest
in helping the diocese with P.R. once the more damaging details of
the diocese sex abuse scandal emerged.

It's a sentiment Koscielniak understands.

"That situation, if it was my agency, you walk away from that
contract, because you don't want to align yourself with that kind
of institution, not given what they've done and what they continue
to do," he said.

Click here to read a document filed in U.S. Bankruptcy Court by
Tucker and the Buffalo Diocese.

                     About Buffalo Diocese

The Diocese of Buffalo, N.Y., is home to nearly 600,000 Catholics
over eight counties in Western New York. The territory of the
diocese is co-extensive with the counties of Erie, Niagara,
Genesee, Orleans, Chautauqua, Wyoming, Cattaraugus and Allegany in
New York State, comprising 161 parishes. There are 144 diocesan
priests and 84 religious priests who reside in the Diocese.

The diocese through its central administrative offices (a) provides
operational support to the Catholic parishes, schools and certain
other Catholic entities that operate within the territory of the
Diocese "OCE"; (b) conducts school operations through which it
provides parish schools with financial and educational support; (c)
provides comprehensive risk management services to the OCEs; (d)
administers a lay pension trust and a priest pension trust for the
benefit of certain employees and priests of the OCEs; and (e)
provides administrative support for St. Joseph Investment Fund,
Inc.

Dealing with sexual abuse claims, the Diocese of Buffalo sought
Chapter 11 protection (Bankr. W.D.N.Y. Case No. 20-10322) on Feb.
28, 2020. The diocese was estimated to have $10 million to $50
million in assets and $50 million to $100 million in liabilities as
of the bankruptcy filing.

The Hon. Carl L. Bucki is the case judge.

Bond, Schoeneck & King, PLLC, led by Stephen A. Donato, Esq., is
the diocese's counsel; Connors LLP is its special litigation
counsel; and Phoenix Management Services, LLC is its financial
advisor.  Stretto is the claims agent, maintaining the page
https://case.stretto.com/dioceseofbuffalo/docket


EVEN STEVENS: Creditors to Get Paid by Asset Sale Proceeds
----------------------------------------------------------
Debtors Even Stevens Sandwiches, LLC, Even Stevens Utah, LLC, Even
Stevens Idaho, LLC, and Even Stevens Washington, LLC filed with the
U.S. Bankruptcy Court for the District of Arizona a Disclosure
Statement in support of Joint Plan of Reorganization dated July 17,
2020.

The Plan provides for the sale of substantially all of the
Debtors’ assets to the highest bidder, and the appointment of a
Liquidating Agent to implement the Plan, pursue estate causes of
action, including preferential payments and avoidable transfers,
and make distributions to holders of Allowed Claims.  Accordingly,
the Debtors will cease operations on the Effective Date, and the
future management of the Debtors is not applicable.

After payment of all Allowed Administrative, Priority, and Secured
Claims, the Class 4 General Unsecured Creditors will share pro rata
in distributions of any funds remaining from the Liquidating
Agent's administration of the Consolidated Estate Assets.  In
addition, in the event Take 2, LLC is the highest bidder at the
Asset Sale, then the Class 4 General Unsecured Creditors will share
pro rata in a 5% interest in Take 2, LLC's common units.

Holders of Class 5 Equity Claims will receive nothing on account of
their Equity Interests, and all Equity Interests in the Debtors
will be cancelled on the Effective Date.

The Plan is a liquidating plan that, among other things, provides
for (a) the sale of substantially all of the Debtors’ assets, (b)
the appointment of a Liquidating Agent to implement the Plan and
pursue estate causes of action, and (c) substantive consolidation
of the Debtors’ assets and liabilities for purposes of voting and
distributions to holders of Allowed Claims. No later than the
Effective Date of the Plan, the Debtors will cease all business
operations and will not engage in any business activity
post-confirmation.

The Debtors will hold an auction at the final confirmation hearing
to sell substantially all of the Debtors' real and personal
property free and clear of liens, claims, and encumbrances (the
"Asset Sale").  The "stalking horse" bidder will be Take 2, LLC, or
its nominee, for a sale price of $2,700,000.

A full-text copy of the Disclosure Statement dated July 17, 2020,
is available at https://tinyurl.com/yxw35pey from PacerMonitor.com
at no charge.

Attorneys for the Debtors:

          DAVIS MILES, MCGUIRE GARDNER, PLLC
          Pernell W. McGuire
          M. Preston Gardner
          40 E. Rio Salado Pkwy., Suite 425
          Tempe, AZ 85281
          Tel: (480) 733-6800
          Fax: (480) 733-3748
          E-mail: efile.dockets@davismiles.com

                  About Even Stevens Sandwiches

Even Stevens Sandwiches, LLC, opened its first restaurant in
downtown Salt Lake City, Utah, in June 2014.  It has eight
operating locations: seven in Utah and one in Idaho.

Even Stevens Sandwiches and its affiliates each filed voluntary
Chapter 11 petitions (Bankr. D. Ariz. Lead Case No. 19-03236) on
March 21, 2019.  At the time of the filing, the Debtor was
estimated to have $1 million to $10 million in both assets and
liabilities.

Pernell W. McGuire, Esq., at Davis Miles Mcguire Gardner, PLLC, is
the Debtor's legal counsel.


EYEPOINT PHARMACEUTICALS: Gets $9.5M Upfront Cash from Ocumension
-----------------------------------------------------------------
EyePoint Pharmaceuticals, Inc., reports the expansion of its
exclusive license agreements for the development and
commercialization of YUTIQ and DEXYCU in certain Asian markets.
Under the expanded agreements, Ocumension has made a one-time $9.5
million payment to EyePoint for rights to commercialize both
products under their own brand names in South Korea and other
jurisdictions across Southeast Asia and as the full and final
prepayment of all remaining development, regulatory, and commercial
sale milestone payments under the original license agreements.

"Ocumension is an important partner that shares our beliefs in the
therapeutic potential of YUTIQ and DEXYCU for ocular diseases that
represent growing and significant areas of unmet medical need,"
said George Elston, chief financial officer and head of corporate
development of EyePoint Pharmaceuticals.  "We are delighted to
expand our partnership with Ocumension to include the broader Asian
marketplace.  The payment from the expanded license agreements will
support our operations and the ongoing clinical development of our
pipeline, including our lead candidate, EYP-1901, a potential
six-month sustained delivery therapy for wet age-related macular
degeneration."

"EyePoint's YUTIQ and DEXYCU are important programs in our
portfolio of ocular disease treatments that have the potential to
replace current standards of care that lack long-term activity,
especially given the impact of COVID-19 on patient desire to visit
the doctor," said Ye Liu, chief executive officer of Ocumension.
"We look forward to continuing our development efforts for both
products in order to bring these innovative treatment options to
patients in need across Asia."

                    About EyePoint Pharmaceuticals

EyePoint Pharmaceuticals, formerly pSivida Corp. --
http://www.eyepointpharma.com/-- headquartered in Watertown, MA,
is a specialty biopharmaceutical company committed to developing
and commercializing innovative ophthalmic products in indications
with high unmet medical need to help improve the lives of patients
with serious eye disorders.  The Company currently has two
commercial products: DEXYCU, the first approved intraocular product
for the treatment of postoperative inflammation, and YUTIQ, a
three-year treatment of chronic non-infectious uveitis affecting
the posterior segment of the eye.

Eyepoint reported a net loss of $56.79 million for the year ended
Dec. 31, 2019.  For the six months ended Dec. 31, 2018, the Company
reported a net loss of $44.72 million.  As of June 30, 2020, the
Company had $69.68 million in total assets, $65.50 million in total
liabilities, and $4.18 million in total stockholders' equity.  Cash
and cash equivalents at June 30,
2020 totaled $22.8 million compared to $22.2 million at Dec. 31,
2019.

Deloitte & Touche LLP, in Boston, Massachusetts, the Company's
auditor since 2008, issued a "going concern" qualification in its
report dated March 13, 2020, citing that the combination of the
Company's limited currently available cash, cash equivalents and
available borrowings, together with its history of losses, and the
uncertainty in timing of cash receipts from its newly launched
products raise substantial doubt about the Company's ability to
continue as a going concern.


FACEBANK INTERNATIONAL: DBRS Confirms BB LongTerm Issuer Rating
---------------------------------------------------------------
DBRS, Inc. confirmed the ratings of FACEBANK International
Corporation, including the Company's Long-Term Issuer Rating of BB.
The trend for all ratings is Stable. The Intrinsic Assessment (IA)
for the Company is BB and the Support Assessment is SA3.

KEY RATING CONSIDERATIONS

Established in 2006, FACEBANK operates as an International Bank
Entity (IBE) under the laws of the Commonwealth of Puerto Rico. The
IBE charter offers a tax-efficient platform for the bank to provide
U.S. dollar deposit and payment services to foreign customers.
Through its Florida-based mortgage subsidiary, Florida Home Trust,
the Company provides residential mortgage loans in select Florida
counties largely to foreign nationals. We note that FACEBANK has no
lending or securities exposure to Puerto Rico.

Importantly, the Company maintains an online connection with the
Federal Reserve Bank of New York, which allows it to efficiently
clear deposits for its customers, saving both time and expense. We
view this as a competitive advantage for FACEBANK, as it is the
only IBE with this connectivity, which is contingent on the Company
maintaining strong BSA/AML and corporate governance practices.

FACEBANK has shown improving and strong profitability metrics
driven by a high net interest margin (NIM), supported by low
funding costs and an above average return on its residential
mortgage loan portfolio, its primary loan category. This portfolio
has performed well during the Company's operating history, with low
levels of non-accrual loans and charge-offs. However, the portfolio
has grown during a period of sound Florida real estate fundamentals
and has not been tested in a downturn.

Additionally, the Company maintains about 29% of its balance sheet
in liquid assets including a large percentage in low credit risk
U.S. government securities. The ratings are underpinned by
FACEBANK's liquid balance sheet, profitable operating niche and
conservative loan underwriting. Constraining the ratings are the
Company's short operating history, heightened operational risk
surrounding BSA/AML compliance given its customer base, as well as
limited scale and diversity.

RATING DRIVERS

Increased franchise scale and a greater diversity of earnings would
result in a ratings upgrade. Conversely, an increased risk
appetite, sustained asset quality deterioration or BSA/AML
compliance issues would result in a downgrade of ratings.

RATING RATIONALE

Over its limited operating history, FACEBANK has built a profitable
banking franchise, helping its international customers transact
business in the U.S. Instead of branches, the Company facilitates
its deposit gathering through an arrangement with Business
Development Facilitators (BDF). These BDFs, professionals located
primarily in South America, partner with the Company by referring
customers with a need for a U.S. dollar account to FACEBANK,
sharing in the profits from this customer relationship. This
arrangement, using BDFs that are vetted and largely well known to
FACEBANK's board of directors, helps keep operating costs low.
Additionally, the Company gathers deposits from its lending
business, requiring a deposit account for its loan customers, as
well as the maintenance of escrow deposits. These sources result in
a relatively stable and low-cost deposit base. The Company's cost
of funds in 1H20 was just 21 basis points. This, along with a
higher than average yield on its residential mortgage portfolio,
helps to support the Company's solid NIM and overall earnings.
Profitability is also aided by wire transfer fees, as well as the
IBE charter, which allows the Company to operate essentially tax
exempt.

FACEBANK's primary loan product is residential mortgages in Florida
to foreign nationals. While this poses additional risks, the
Company mitigates these risks with full underwriting and
conservative loan-to-value (LTV) ratios, including a maximum LTV of
70% dependent on the type of property and borrower. Given the
current environment, the Company has enacted a temporary
forbearance program, which has been adopted by about 10% of its
mortgage customers. However, a stable Florida housing market and
low LTV ratio on these properties should provide the Company with
ample downside protection.

The Company is not subject to regulatory capital requirements,
although risk-based capital levels are calculated by management.
DBRS Morningstar views FACEBANK's capital levels as adequate given
its capital generation, well-secured loan portfolio and risk
management practices. As a privately-held institution, FACEBANK's
sources of additional capital are limited, although management has
indicated that the Company's ownership does have the wherewithal to
inject additional capital, if needed. Since 2012, internal capital
generation has been growing and is sufficient to fund balance sheet
growth.

Notes: All figures are in U.S. dollars unless otherwise noted.


GALICIAFLPOKE LLC: May Use Cash Collateral Until September 15
-------------------------------------------------------------
Judge Lori V. Vaughan of the U.S. Bankruptcy Court for the Middle
District of Florida, Orlando Division, has authorized GaliciaFLPoke
LLC to use cash collateral on an interim basis through September
15, 2020. The Debtor can use cash collateral to pay amounts
expressly authorized by the court, the current and necessary
expenses set forth in the budget, and additional amounts as may be
expressly approved in writing by Suntrust Bank, American Momentum
Bank, and the U.S. Small Business Administration within 48 hours of
the Debtor's request. The Debtor is entitled to prompt court
hearings on any disputed proposed expenditures.

Creditors will have a perfected post-petition lien against cash
collateral to the same extent and with the same validity and
priority as the pre-petition lien, without the need to file or
execute any documents as may otherwise be required under applicable
nonbankruptcy law.

An emergency hearing will be held on September 15, 2020.

A full-text copy of the order is available for free at
https://bit.ly/34wJErN from PacerMonitor.com.

                    About GaliciaFLPoke LLC

GaliciaFLPoke LLC filed for voluntary Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 20-04382) on Aug. 3, 2020. It
is represented in court by Jeffrey S. Ainsworth. At the time filing
GaliciaFLPoke LLC has assets of up to $47,761 and debts of up to
$515,571.


GARBANZO MEDITERRANEAN: Seeks to Hire Carmody MacDonald as Counsel
------------------------------------------------------------------
Garbanzo Mediterranean Grill, LLC and its affiliates seek approval
from the U.S. Bankruptcy Court for the Eastern District of Missouri
to hire Carmody MacDonald P.C. as their legal counsel.

The firm will render these services in connection with Debtors'
Chapter 11 cases:

     a. advise Debtors with respect to their rights, power and
duties;

     b. assist Debtors in their consultations with any committee
appointed in their bankruptcy cases;

     c. analyze claims of creditors and negotiate with such
creditors;

     d. investigate Debtors' assets, liabilities and financial
condition;

     e. advise Debtors in connection with the sale of their assets
or businesses;

     f. assist the Debtors in their analysis of and negotiation
with any appointed committee or any third party concerning the
terms of a plan of reorganization;

     g. assist and advise Debtors with respect to their
communications with the general creditor body;

     h. commence and prosecute necessary actions or proceedings;

     i. review, analyze or prepare legal documents;

     j. represent Debtors at court hearings and other proceedings;
and

     k. confer with other bankruptcy advisors retained by Debtors.

     l. assist and advise Debtors regarding pending arbitration and
litigation matters.

The rates charged by the firm range from $295 to $410 per hour for
partners, $240 to $290 per hour for associates, and $145 to $195
per hour for paralegals and law clerks.

The firm received the sum of $30,175 for services provided prior to
Debtors' bankruptcy filing.

Robert Eggmann, Esq., a partner at Carmody MacDonald, 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 through:

     Robert E. Eggmann, Esq.
     Thomas H. Riske, Esq.
     Danielle Suberi, Esq.
     Carmody MacDonald P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, MO 63105
     Telephone: (314) 854-8600
     Facsimile: (314) 854-8660
     Email: ree@carmodymacdonald.com
            thr@carmodymacdonald.com
            das@carmodymacdonald.com

                About Garbanzo Mediterranean Grill

Garbanzo Mediterranean Grill, LLC and its affiliates, Garbanzo
Mediterranean Fresh, LLC, Garbanzo Mediterranean Fresh Missouri,
LLC and Garbanzo Mediterranean Grill Franchising, LLC, operate a
chain of fast food restaurants offering Mediterranean cuisine.

On Aug. 12, 2020, Garbanzo Mediterranean Grill and its affiliates
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Mo. Case No. 20-43963).  Barry Levine, manager, signed the
petitions.

At the time of the filing, Garbanzo Mediterranean Grill had
estimated assets of between $1 million and $10 million and
liabilities of between $10 million and $50 million; Garbanzo
Mediterranean Grill Franchising had estimated assets of between
$100,000 and $500,000 and liabilities of between $50,000 and
$100,000; Garbanzo Mediterranean Fresh had estimated assets of
between $500,000 and $1 million and liabilities of less than
$50,000; and Garbanzo Mediterranean Fresh Missouri had estimated
assets of less than $50,000 and liabilities of between $100,000 and
$500,000.

Judge Barry S. Schermer oversees the cases.  Carmody MacDonald P.C.
is Debtors' legal counsel.


GB HOLDINGS: Seeks to Hire Giddens Mitchell as Legal Counsel
------------------------------------------------------------
GB Holdings of Georgia Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Georgia to hire Giddens,
Mitchell & Associates P.C. as its legal counsel.

The firm's services will include:

     a. advising Debtor of its powers and duties in the continued
management of its property;

     b. preparing legal papers; and

     c. performing all other legal services for Debtor in
connection with its Chapter 11 case.

The firm's hourly rates are as follows:

       Attorney's            Hourly Rate
     Kenneth Mitchell           $250
     Bobbly Giddens             $250
    
       Paralegals
     Alyceson Sadler            $75
     Precious Atkinson          $75

Giddens Mitchell does not represent interests adverse to Debtor and
its estate in the matters upon which the firm is to be engaged,
according to court filings.

The firm can be reached through:

     Kenneth Mitchell, Esq.
     Giddens, Mitchell & Associates P.C.
     3951 Snapfinger Parkway, Suite 555
     Decatur, GA 30035
     Telephone: (770) 987-7007
     Email: Gmapclaw1@gmail.com

                 About GB Holdings of Georgia Inc.

GB Holdings of Georgia Inc., a Decatur, Ga.-based single asset real
estate corporation, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 20-68647) on Aug. 3,
2020.  At the time of the filing, Debtor had estimated assets of
less than $50,000 and estimated liabilities of less than $50,000.
Giddens, Mitchell & Associates P.C. is Debtor's legal counsel.


GJK FL ENTERPRISES: May Use Cash Collateral Thru Sept. 15
---------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida has authorized GJK FL ENTERPRISES to use
cash collateral of Hancock Whitney Bank on an interim basis.  The
Debtor can use the cash collateral to pay amounts expressly
authorized by the Court, including payments to the U.S. Trustee for
quarterly fees, the current and necessary expenses set forth in the
Budget, plus an amount not to exceed 10% for each line item, and
additional amounts as may be expressly approved in writing by the
Creditor.

Hancock WhitneyBank will have a perfected post-petition lien
against cash collateral to the same extent and with the same
validity and priority as the prepetition lien, without the need to
file or execute any document as may otherwise be required under
applicable non bankruptcy law.

A continued hearing on cash collateral use will be held on
September 15, 2020 at 10:00 a.m.

A full-text copy of the order is available for free at
https://bit.ly/31gTSdv from PacerMonitor.com.

                   About GFK FL Enterprises

GJK FL Enterprises, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-01341) on Feb. 18,
2020, listing under $1 million in both assets and liabilities.
Buddy D. Ford, P.A., is the Debtor's counsel.  A+ Accounting and
Tax is Debtor's accountant.



GREEN EARTH: August 27 Plan Confirmation Hearing Set
----------------------------------------------------
On June 12, 2020, debtors Green Earth Ag Service, LLC and Walker
Bros. LLC filed with the U.S. Bankruptcy Court for the Western
District of Wisconsin a Disclosure Statement describing Plan of
Reorganization.

On July 17, 2020, Judge Catherine J. Furay approved the Disclosure
Statement and ordered that:

   * Aug. 7, 2020 will be the last day for returning the ballots,
as instructed on the ballot form, to accept or reject the Debtors'
Plan.

   * Aug. 11, 2020 will be the deadline for the Debtors to file the
Report on Balloting.

   * Aug. 18, 2020, will be the deadline for filing written
objections to confirmation of the Debtors' Plan.

   * Aug. 24, 2020, is fixed as the last day for the Debtors and
any other party in interest to file all exhibits, declarations and
other evidence in support of confirmation of the Debtors' Plan, and
for the Debtors to file any response to objections to confirmation
of the Debtors' Plan.

   * Aug. 27, 2020, commencing at 10:00 a.m. is the hearing to
consider confirmation of the Debtors’ Plan.

A copy of the order dated July 17, 2020, is available at
https://tinyurl.com/yy4dhy93 from PacerMonitor at no charge.

                 About Green Earth Ag Service

Green Earth Ag Service, LLC, filed its Chapter 12 voluntary
petition on Dec. 9, 2019 and Walker Bros., LLC on Dec. 10, 2019.
These two cases are jointly administered.  On March 5, 2020, the
Court converted the cases to Chapter 11 cases (Bankr. W.D. Wis.
Case No. 3-19-14090-cjf) and (Bankr. W.D. Wis.  Case No.
3-19-14092-cjf), respectively.


GULF AVIATION: Plan of Reorganization Confirmed by Judge
--------------------------------------------------------
Judge Eduardo V. Rodriguez has entered an order confirming the
Combined Disclosure Statement and Plan of Reorganization of Debtor
Gulf Aviation, Inc.

The Disclosure Statement provides adequate information concerning
the Debtor's operations to enable the creditors and claim holders
to make an informed decision about the Plan, pursuant to 11 U.S.C.
Sec. 1125.

The Plan has been proposed in good faith and not by any means
forbidden by law.

The Plan is fair, equitable and feasible and is not likely to be
followed by the liquidation or the need for further financial
reorganization of the Debtor, unless such liquidation or
reorganization is proposed in the Plan.

A copy of the order dated July 17, 2020, is available at
https://tinyurl.com/y3jvsduk from PacerMonitor.com at no charge.

                     About Gulf Aviation Inc.

Gulf Aviation, Inc. provides aviation services as a fixed based
operation at the Valley International Airport (Harlingen, Texas)
including aircraft fuel sales, aircraft maintenance and repairs,
and ground support equipment maintenance services.

Gulf Aviation filed a voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 19-10384) on
Oct. 1, 2019, listing under $1 million in both assets and
liabilities.  Jana Smith Whitworth, Esq., at JS Whitworth Law Firm,
PLLC, is the Debtor's legal counsel.


H & S TOWING: Disclosure Hearing Continued to Sept. 22
------------------------------------------------------
Judge Henry W. Van Eck has entered an order within which the
continued hearing on the objection of the United States Trustee to
the Disclosure Statement filed by Debtor H & S Towing Service, Inc.
will take place on Sept. 22, 2020 at 9:30 a.m., 3rd & Walnut Sts,
ankruptcy Courtroom (3rd Fl), Ronald Reagan Federal Building,
Harrisburg, PA 17101.

A copy of the order dated July 17, 2020, is available at
https://tinyurl.com/y3qk3d4b from PacerMonitor at no charge.

                  About H & S Towing Service

H & S Towing Service, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Pa. Case No. 19-01801) on April
27, 2019.  At the time of the filing, the Debtor was estimated to
have assets of less than $1 million and liabilities of less than $1
million.  The case is assigned to Judge Henry W. Van Eck.  The Law
Office of Lawrence G. Frank is the Debtor's counsel.


HANNON ARMSTRONG: Fitch Rates $375MM Unsecured Notes 'BB+'
----------------------------------------------------------
Fitch Ratings has assigned a final rating of 'BB+' to the $375
million of 3.75%, ten-year unsecured notes issued jointly by HAT
Holdings I LLC and HAT Holdings II LLC, which are the indirect
subsidiaries of Hannon Armstrong Sustainable Infrastructure Capital
(HASI; Long-Term Issuer Default Rating [IDR] BB+/Stable). The notes
will be guaranteed by HASI. Simultaneously, Fitch has assigned a
final rating of 'BB+' to the $143.75 million of 0%, three-year
convertible notes being issued by HASI. Net proceeds from the note
issuances will be used for investments in eligible green projects
and for general corporate purposes.

The assignment of the final ratings follows the receipt of
documents conforming to information already received. The final
ratings are the same as the expected ratings assigned to the
unsecured notes on Aug. 18, 2020.

KEY RATING DRIVERS

The ratings on the unsecured debt and the convertible notes are
equalized with HASI's long-term IDR as they rank equally with the
firm's outstanding unsecured notes. The ratings also reflect the
availability of an unencumbered asset pool, which suggests average
recovery prospects for debtholders under a stressed scenario.

Pro forma for these issuances, Fitch estimates that unsecured debt
(at par) would increase to approximately 70% of total debt
outstanding; up from 62% at June 30, 2020. Fitch views the increase
favorably, as it enhances the firm's funding flexibility. Fitch
expects HASI will continue to be opportunistic with regard to
future unsecured issuance.

HASI had $31 million of borrowings outstanding on its secured
revolving credit facility at June 30, 2020 and no term debt
maturities until Sept. 1, 2022 when $150 million of convertible
notes come due. HASI's leverage will increase to 2.0x pro forma for
these issuances, up from 1.6x at June 30, 2020. While leverage will
increase beyond the four-year average of 1.8x as a result of these
transactions, it will remain below the company's leverage limit of
2.5x.

While HASI does not have a defined leverage limit by asset class,
consolidated leverage factors in the portfolio mix and an
assessment of the credit, liquidity, and price volatility of each
investment. Fitch believes HASI's leverage limit of 2.5x is
appropriate for the portfolio risk and ratings and expects HASI to
maintain appropriate headroom to the limit to account for potential
increases in mezzanine debt or common equity securities.

The global coronavirus pandemic has brought forth uncertainty and
disruption to the global economy. Still, as of June 30, 2020,
Hannon had not recorded any losses on its balance sheet, although
it did increase its loss allowance estimate related to the
receivables book by approximately $3 million in 2Q20. While Fitch
believes Hannon is relatively well positioned for an economic
slowdown, it expects near-term weakness in operating performance
given the firm's direct exposure to consumer credit in residential
and community solar projects as well as exposures to non-government
entities in energy efficiency and solar projects. Hannon may also
suffer from delays in project permitting, equipment deliveries, or
construction progress or from an increase in equipment pricing that
could negatively affect its investment's performance. However, the
deterioration in the existing portfolio may be partially offset by
continued investment in new projects. A spike in non-accruals, a
write-down in equity investments and/or material deterioration in
operating performance could lead to negative rating action,
particularly if it leads to a meaningful increase in leverage.

HASI's rating remains supported by its established, albeit niche,
market position within the renewable energy financing sector,
experienced management team, diversified investment portfolio,
strong credit track record and a fairly conservative underwriting
culture. The affirmation also incorporates its adherence to
leverage limits that are commensurate with the risk profile of the
portfolio, demonstrated access to public equity and unsecured debt
markets and long-term relationships with its customers.

Rating constraints include modest scale, dependence on access to
the capital markets to fund portfolio growth and a limited ability
to retain capital due to dividend distribution requirements as a
REIT. Additionally, Fitch views with caution Hannon's opportunistic
shift in its portfolio mix toward higher-risk mezzanine debt and
common equity exposures.

The Stable Outlook reflects Fitch's expectation for broadly
consistent operating performance; the continuation of strong asset
quality trends; the management of leverage in a manner that is
consistent with the risk profile of the portfolio; and the
maintenance of a strong funding profile, which provides solid
flexibility.

RATING SENSITIVITIES

The ratings on the unsecured debt and the convertible notes are
sensitive to changes to HASI's long-term IDR and the level of
unencumbered balance sheet assets relative to outstanding debt. An
increase in secured debt and/or a sustained decline in the level of
unencumbered assets, to such an extent that expected recoveries on
the senior unsecured debt were adversely affected, could result in
the unsecured debt ratings being notched down from the IDR.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:

The ability to demonstrate franchise resilience in an increasingly
competitive environment and through current economic conditions,
the maintenance of fairly low leverage that is consistent with the
risk profile of the portfolio, enhanced liquidity, and the
maintenance of strong funding flexibility. Positive rating momentum
would also be contingent on the maintenance of strong credit
performance and consistent core operating performance.

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:

A sustained increase in leverage above 2.5x and/or a material shift
in Hannon's risk profile, including a material increase in
mezzanine debt and/or equity investments along with an increase in
leverage. A spike in non-accrual levels or write-down in equity
investments, material deterioration in operating performance,
weaker funding flexibility, including a decline in the proportion
of unsecured funding, and/or weaker core earnings coverage of
dividends would also be negative for the ratings.

ESG CONSIDERATIONS

Hannon has an ESG Relevance Score of 4(+) for Exposure to Social
Impact. The score has a positive impact on the ratings as the shift
in consumer preferences toward renewable energy will benefit the
company's business model and its earnings and profitability, which
is relevant to the rating in conjunction with other factors.

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of 3. 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.


HI-CRUSH INC: Risk of Notes Default Casts Going Concern Doubt
-------------------------------------------------------------
Hi-Crush Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss of $146,922,000 on $146,413,000 of revenues for the three
months ended March 31, 2020, compared to a net loss of $6,207,000
on $159,910,000 of revenues for the same period in 2019.

At March 31, 2020, the Company had total assets of $953,082,000,
total liabilities of $699,137,000, and $253,945,000 in total
stockholders' equity.

The Company said, "Absent an extension of the Forbearance
Agreement, the Company will be in default under the Senior Notes,
and currently does not have sufficient liquidity to repay the
$450,000 thousand principal amount of the Senior Notes, should they
be accelerated.  Furthermore, the Company's current forecast also
gives doubt to the Company's available liquidity to meet other
obligations, such as its Senior Notes semiannual interest payments
and operating lease obligations over the next twelve months.  These
conditions and events indicate that there is substantial doubt
about the Company's ability to continue as a going concern within
one year from the issuance date of the financial statements for the
three months ended March 31, 2020."

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

                       https://is.gd/lq4KVT

Hi-Crush Inc. provides proppant and logistics services for
hydraulic fracturing operations.  It offers frac sand production,
advanced wellsite storage systems, flexible last mile services, and
innovative software for real-time visibility and management across
the entire supply chain.  The Company is based in Houston, Texas.



HILCORP ENERGY I: Moody's Cuts CFR to Ba2 & Unsecured Notes to Ba3
------------------------------------------------------------------
Moody's Investors Service downgraded Hilcorp Energy I, L.P.'s
Corporate Family Rating to Ba2 from Ba1, its senior unsecured notes
to Ba3 from Ba2 and its Probability of Default Rating to Ba2-PD
from Ba1-PD. The outlook is stable. This rating action concludes
the review initiated on August 28, 2019 following HEI's
announcement that Hilcorp Alaska, LLC, its wholly owned subsidiary,
had agreed to acquire BP p.l.c.'s (BP, A1 negative) assets in
Alaska.

Effective June 30, HEI closed on its $5.5 billion acquisition of
BP's entire Alaskan upstream and midstream asset base, including BP
Exploration (Alaska) Inc., that owns all of BP's upstream oil and
gas interests in Alaska. The acquisition gives HEI a 26.4% interest
in the prolific Prudhoe Bay field, which it will operate. The 50%
of the Milne Point producing asset not presently owned by HEI was
contributed to HEI at closing, while the remainder of the upstream
asset package is held in a separately capitalized 100% owned
unrestricted HEI subsidiary. The BP Alaska midstream assets will be
closed in a separate transaction at Harvest Midstream I, L.P. (Ba3
stable) for $100 million in the second half of 2020.

"The acquisition of BP's Alaskan upstream assets will materially
expand the scale of Hilcorp's production and reserves, and should
generate ample free cash flow for debt reduction," commented Andrew
Brooks, Moody's Vice President, "While the acquisition is
essentially wholly debt financed adding considerably to
consolidated HEI debt levels, the use of an unrestricted subsidiary
to hold all but the Milne Point upstream assets largely insulates
HEI from the financing and debt servicing obligations of the
acquired assets."

Downgrades:

Issuer: Hilcorp Energy I, L.P.

Probability of Default Rating, Downgraded to Ba2-PD from Ba1-PD

Corporate Family Rating, Downgraded to Ba2 from Ba1

Senior Unsecured Notes, Downgraded to Ba3 (LGD5) from Ba2 (LGD5)

Outlook Actions:

Issuer: Hilcorp Energy I, L.P.

Outlook, Changed to Stable from Rating Under Review

RATINGS RATIONALE

The acquisition of BP's assets will more than double HEI's Alaskan
production to around 120,000 barrels of oil equivalent (Boe) per
day. The acquired production, which is all oil, is expected to
average over 70,000 Boe per day, while HEI's total pro forma
production across its portfolio will increase to about 230,000 Boe
per day. HEI has consistently employed a strategy of acquiring
older, mature, long-lived properties, including in Alaska's Cook
Inlet and North Slope regions, with a base level of production,
creating value by minimizing declining well performance and
reducing costs. Moody's expects HEI to extend this strategy to the
newly acquired Alaskan assets as well.

A key structural component of the purchase and sale transaction is
the establishment of UnSub to hold all but the Milne Point Alaskan
assets acquired by HEI, and the provision of seller-financing by BP
to fund this element of the acquisition on a non-recourse basis to
HEI. An approximate $2.1 billion five-year note will be extended by
BP payable at 8% after year-one, together with a one-year $700
million cash sharing obligation. A $1.6 billion contingent earnout
provision, which is payable from 50% of UnSub's net cash flow is
subject to the realization of eight-quarters of Alaska North Slope
(ANS) crude pricing of at least $50 per barrel, and on the basis of
a quarterly ANS average of at least $50 per barrel. There is no
termination date to the earn out. The components of the UnSub
financing are secured only by the assets of UnSub, with anticipated
free cash flow directed to the repayment of UnSub debt. HEI has no
financial guarantees or contractual obligations in support of
UnSub's debts or liabilities. Any distributions from UnSub to HEI,
which are expected to be modest if any, are required to repay HEI
debt. Moody's projects that there will be significant free cash
flow from the acquired Alaskan assets at both HEI and UnSub
enabling HEI to maintain stand-alone leverage consistent with its
targeted 2.5x debt/EBITDA level, and with UnSub approaching 2.5x
debt/EBITDA by 2023.

HEI will capitalize an independently evaluated fair market
valuation of the UnSub's financing obligations as liabilities on
its balance sheet in accordance with GAAP, which Moody's will
include in HEI's consolidated debt aggregate. As such, the absolute
amount of HEI consolidated debt will approximately double from its
$2.65 billion June 30 total. Moody's expects that debt will
increase to the equivalent of around $21,000 per Boe of production
from about $18,000 per Boe prior to the acquisition. Retained cash
flow (RCF) to debt is expected to remain in the mid-20% area.

The rapid spread of the coronavirus outbreak, deteriorating global
economic outlook, low oil prices, and high asset price volatility
have created an unprecedented credit shock across a range of
sectors and regions. Moody's regards the coronavirus outbreak as a
social risk under its ESG framework, given the substantial
implications for public health and safety. HEI's exposure to oil
prices leaves it vulnerable to shifts in market demand and
sentiment in these unprecedented operating conditions.

From a governance perspective, company founder, Mr. Jeffery
Hildebrand, owns the vast majority of HEI's limited partner
interests and holds the 1% general partnership interest through
Hilcorp Energy Company, which manages HEI's oil and gas operations.
The singular control Mr. Hildebrand wields over the Hilcorp
enterprises is also considered in HEI's credit profile. However,
HEI has prospered under Mr. Hildebrand's control and leadership,
while limiting its use of excessive debt financing.

Moody's expects HEI's liquidity position to remain good into 2021.
At June 30, however, HEI's cash and marketable securities balance
had declined to $9 million from its year-end total of $260 million,
HEI having used $209 million of the amount to close on the 50%
interest in Milne Point acquired from BP. HEI's $1.7 billion
secured borrowing base revolving credit facility was utilized in
the amount of $1.055 billion at June 30, and is scheduled to mature
in November 2022. HEI paid $500 million to BP in two instalments in
2019, both installments borrowed under its revolving credit
facility. UnSub has no credit facility. Moody's expects HEI and the
UnSub to be substantially free cash flow positive, using cash flow
for debt repayment.

The Ba3 rating on HEI's senior unsecured notes reflects their
subordinate position to the company's $1.7 billion secured
borrowing base revolving credit's priority claim to the company's
assets. The size of the senior secured claims relative to HEI's
outstanding senior unsecured notes results in the notes being rated
one notch below the Ba2 CFR.

The stable outlook reflects HEI's low risk exploitation strategy,
and Moody's expectation that the company will be able to generate
its forecasted free cash flow for debt reduction.

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

A rating upgrade could be considered if HEI reduces consolidated
debt to average daily production below $18,000 per Boe and increase
RCF to debt above 30%. Moody's would further expect that HEI's
future growth strategy not materially deviate from its historic
focus on the acquisition of mature, longer-lived assets whose
potential avail themselves to future exploitation upside. A
downgrade is possible should HEI's debt increase above $25,000 per
Boe of average daily production, should RCF to debt drop below 20%
or should debt levels further increase to fund acquisitions or
distributions.

Hilcorp Energy I, L.P. is a private limited partnership
headquartered in Houston, Texas. The company's primary producing
assets are located in Alaska, Texas, Louisiana and the Utica
Shale.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.


J.C. PENNEY: Casper, Wyo. Location Spared from Store Closures
-------------------------------------------------------------
Dan Cepeda, writing for Oil City reports that Casper, Wyoming
location is not included in the round of store closures of J.C.
Penney.

Casper's JCPenney, one of the last remaining original anchor stores
in the Eastridge Mall, will continue to operate at least for the
foreseeable future.

"Our Casper location is not on our store closing list," said
JCPenney media representative Dion Martin in an email to Oil City
News. "However, the list is not final as we're announcing the
closures in phases."

"As we proceed through the restructuring process and continue to
conduct comprehensive evaluations of our retail footprint and a
careful analysis of store performance and future strategic fit for
JCPenney, some locations have been removed from the
originally-announced list of store closures," the email continues.

"We look forward to emerging from Chapter 11 a stronger retailer as
we continue providing engaging experiences for our customers."

Like many legacy retailers in the U.S., JCPenney, which traces its
roots to Kemmerer, Wyoming, has struggled to adapt to strong
competition from digital retailers.

The economic downturn caused by shutdowns to slow COVID-19 spread
have also severely hit retail shopping trends.

JCPenney, which filed for Chapter 11 bankruptcy in May, yesterday
announced its plan to close 152 stores and reduce its workforce by
1,000 employees.

"These decisions are always extremely difficult, and I would like
to thank these associates for their hard work and dedication. We
are committed to supporting them during this period of transition,"
said CEO Jill Soltau in the statement.

"This organizational restructuring will create a smaller, more
financially flexible company, and will help ensure JCPenney emerges
from both Chapter 11 and the Coronavirus (COVID-19) pandemic as an
even stronger retailer," the company said in a statement.

Casper's JCPenney was one of the first anchor stores at Eastridge
Mall when it opened in 1982. The store was located in downtown
Casper for decades before that.

                       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


J.D. BEAVERS: Unsecured Creditors to Have 17% Recovery Under Plan
-----------------------------------------------------------------
Debtor J.D. Beavers Co. LLC filed an Amended Combined Plan of
Reorganization and Disclosure Statement on July 17, 2020.

The Plan proposes to pay the following:

   * priority claims, including any priority taxes, in full;

   * those creditors whose security attaches to property of the
estate an amount based on the value of their collateral; and

   * general unsecured creditors an estimated 17% of their claims.

The Plan also proposes alternative treatment of interest holders’
equity in Debtor: Generally speaking, if Class VI approves the
Plan, then Class VIII interest holders will infuse $60,000 of new
value in Reorganized Debtor in exchange for being issued the stock
in of the Reorganized Debtor; or, if Class VI rejects the Plan,
then there will be an Equity Auction for the stock of Reorganized
Debtor.

Class VI Allowed General Unsecured Claims will be paid their pro
rata portion of monthly distributions from the fifth through the
60th month of the Payment Period. Said distributions shall be made
on the first calendar day of those months and in the collective
amounts. The distributions will total approximately $180,921.

With respect to the Class VIII Interests of Debtor held by Mr.
Beavers, the sole Class VIII Interest Holder, if Class VI votes to
accept the Plan, the Class VIII will contribute new value in the
amount of $60,000 to the Debtor in exchange for receiving the
equity Interests in the Reorganized Debtor.  If Class VI votes to
reject the Plan and the Court determines that as a result of such
rejection the Plan but for this paragraph does not comply with the
absolute priority rule, the interests of Debtor will be cancelled
and the Interests of the Reorganized Debtor will be sold at the
Equity Auction.

A full-text copy of the Amended Combined Disclosure Statement and
Plan dated July 17, 2020, is available at
https://tinyurl.com/y2hdd2r6 from PacerMonitor at no charge.

The Debtor is represented by:

         THE FOX LAW CORPORATION
         Steven R. Fox
         17835 Ventura Blvd., Suite 306
         Encino, CA 91316
         Tel: (818) 774-3545
         E-mail: SRFox@FoxLaw.com

           - and -

         SCHAFER AND WEINER, PLLC
         Jeffery J. Sattler
         40950 Woodward Ave., Ste. 100
         Bloomfield Hills, MI 48304
         Tel: (248) 540-3340
         E-mail: jsattler@schaferandweiner.com

                   About Debtor J.D. Beavers

J.D. Beavers Co. LLC is a recycling company in Brighton, Michigan
that converts scrap metal into reusable raw materials for the metal
making industry. The company buys aluminum, carbide, coated wire,
copper, brass & red metals, gold & silver, lead acid battery, niton
XL3t, steel, stainless steel, and tool steel.

The Company filed a Chapter 11 petition (Bankr. E.D. Mich. Case No.
19-32748) on Nov. 20, 2019 in Flint, Michigan.  In the petition
signed by John D. Beavers, president, the Debtor was listed with
total assets at $950,945 and total liabilities at $2,495,614.  

Judge Joel D. Applebaum administers the case.  

Schafer and Weiner, PLLC, and The Fox Law Corporation, Inc., serve
as counsel to the Debtor.


JRSIS HEALTH: Centurion ZD CPA & Co. Raises Going Concern Doubt
---------------------------------------------------------------
JRSIS Health Care Corporation filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net income of $1,268,659 on $31,463,433 of total revenue for the
year ended Dec. 31, 2019, compared to a net income of $2,847,100 on
$28,402,759 of total revenue for the year ended in 2018.

The audit report of Centurion ZD CPA & Co. states that the Company
has a significant accumulated deficits and negative working
capital. These factors raise substantial doubt about the
Company’s ability to continue as a going concern.

The Company's balance sheet at Dec. 31, 2019, showed total assets
of $51,628,682, total liabilities of $28,641,831, and a total
shareholders' equity of $22,986,851.

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

                       https://is.gd/VXVN6A

JRSIS Health Care Corporation provides a range of medical services
in Harbin in the Heilongjiang Province of the People's Republic of
China. It offers services in the areas of pediatrics, dermatology,
ears, nose, throat, traditional Chinese medicine, ophthalmology,
internal medicine dentistry, general surgery, rehabilitation
science, gynecology, general medical services, etc. The company
provides its services through Jiarun Hospital, which consists of
950 beds. The company was formerly known as China Runteng Medical
Group Co., Ltd and changed its name to JRSIS Health Care
Corporation in November 2013. JRSIS Health Care Corporation was
founded in 2006 and is based in Harbin, the People's Republic of
China.



KCIBT HOLDINGS: S&P Lowers Long-Term ICR to 'SD'
------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating on
KCIBT Holdings L.P. (CIBT) to 'SD' (selective default) from 'CCC+'
and its issue-level rating on the company's second-lien term loan
due 2025 to 'D' (default) from 'CCC'.

The downgrade follows the company's second-lien term loan amendment
completed on July 20, 2020, which allows CIBT to elect to partially
PIK interest (6.75% PIK / 1.0% cash-pay of the total 7.75% coupon)
on its second-lien term loan (due 2025) through the quarter ending
March 30, 2022. The amendments also extended the revolving credit
facility by 21 months to March 2024 (from June 2022), and
materially relaxed the company's financial covenant to a minimum
liquidity test (effective until total net leverage remains below
7.5x for two consecutive fiscal quarters) and a minimum EBITDA
covenant that commences in June 2022 and is tested until December
2022. As a condition to the amendment, the company will also have
to include its UK entity (CIBT UK Limited) and related UK
subsidiaries as loan parties.

"We view the amendment as tantamount to a default because lenders
are receiving less than originally promised given that the timing
of interest payments has slowed, and the deferred PIK interest
payment represents an additional risk to lenders. Given the
significant business pressure and steep revenue declines caused by
the COVID-19 pandemic's disruption to global travel volumes, we
view the amendment as distressed rather than opportunistic," S&P
said.

"We will reassess our ratings on CIBT and its debt in the coming
days to reflect the risk of a conventional default after
reevaluating the company's credit measures under its amended
capital structure. Our review will focus on the long-term viability
of the company's capital structure and liquidity position amidst
difficult operating conditions as the global travel industry
remains challenged by pandemic-related travel restrictions,
consumer apprehension, and the risk of a secular decline in the
demand for global business travel," the rating agency said.

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

-- Health and safety factors


KINTARA THERAPEUTICS: Closes Additional $2.2M Private Placement
---------------------------------------------------------------
Kintara Therapeutics, Inc., has closed its previously announced
private placement with investors providing for the sale and
issuance of 2,185 shares of its Series C Convertible Preferred
Stock at a purchase price of $1,000 per share priced at-the-market
under the rules of the Nasdaq Stock Market.  The Preferred Stock is
convertible into shares of the Company's common stock at a
conversion price of $1.214 per share.  The closing resulted in
gross proceeds to the Company of approximately $2.2 million, which
is in addition to the $19.6 million of gross proceeds previously
announced in connection with the initial closing of the private
placement.  The Preferred Stock accrues dividends as previously
announced.

The Company intends to use the net proceeds from the offering to
fund the previously announced registration study for VAL-083 in
newly diagnosed and recurrent GBM, the 15-patient REM-001
confirmatory lead-in study intended to continue seamlessly into a
full Phase 3 pivotal study for CMBC, and for working capital. Also,
as previously disclosed, the GBM trial will be executed through the
Company's partnership with Global Coalition for Adaptive Research
(GCAR) through the Glioblastoma Adaptive Global Innovative Learning
Environment (GBM AGILE) Study, an adaptive clinical trial platform
in GBM.

The shares of Preferred Stock were offered in a private placement
pursuant to an applicable exemption from the registration
requirements of the Securities Act of 1933, as amended, and, along
with the common shares issuable upon their exercise or payable as
dividends pursuant to the Preferred Stock, have not been registered
under the Act, and may not be offered or sold in the United States
absent registration with the SEC or an applicable exemption from
such registration requirements.

                         About Kintara

Located in San Diego, California, Kintara (formerly DelMar
Pharmaceuticals) is dedicated to the development of novel cancer
therapies for patients with unmet medical needs.  Kintara is
developing two late-stage, Phase 3-ready therapeutics for clear
unmet medical needs with reduced risk development programs.  The
two programs are VAL-083 for GBM and REM-001 for CMBC.

As of March 31, 2020, the Company had $5.10 million in total
assets, $1.38 million in total liabilities, and $3.72 million in
total stockholders' equity. DelMar reported a net and comprehensive
loss of $8.05 million for the year ended June 30, 2019, following a
net and comprehensive loss of $11.14 million for the year ended
June 30, 2018.


KOHO SOFTWARE: Has Until Sept. 15 to File Plan
----------------------------------------------
Judge Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida, Tampa Division, has entered an order
within which debtor Koho Software, Inc. must file a Plan on or
before Sept. 15, 2020.

A copy of the order dated July 17, 2020, is available at
https://tinyurl.com/y5fwtalw from PacerMonitor at no charge.

                      About Koho Software

Koho Software, Inc. d/b/a Quest Desk Solutions, filed a Chapter 11
bankruptcy petition (Bankr. M.D. Fla. Case No. 20-04649) on June
17, 2020, disclosing under $1 million in both assets and
liabilities. The Debtor tapped Buddy D. Ford, P.A., as counsel.


LANDS' END: Term Loan Nearing Maturity Casts Going Concern Doubt
----------------------------------------------------------------
Lands' End, Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $20,643,000 on $217,008,000 of net revenue
for the 13 weeks ended May 1, 2020, compared to a net loss of
$6,818,000 on $262,433,000 of net revenue for the 13 weeks ended
May 3, 2019.

At May 1, 2020, the Company had total assets of $1,088,335,000,
total liabilities of $760,437,000, and $327,898,000 in total
stockholders' equity.

Lands' End said, "The Company's Term Loan Facility matures on April
4, 2021, which is within one year after the date of the Condensed
Consolidated Financial Statements issued with this Quarterly Report
on Form 10-Q.  As of May 1, 2020, the remaining balance outstanding
under the Term Loan Facility was $384.1 million.  In addition, in
the event the Term Loan Facility debt is not extended, repaid or
otherwise refinanced at least six months before its maturity date,
the Company's ABL Facility would mature on January 4, 2021.  Given
the amount currently outstanding under the Term Loan Facility and
its maturity date of April 4, 2021, and based on the definitions in
the relevant accounting standards, management has determined that
this condition raises substantial doubt about the Company's ability
to continue as a going concern.

"The Company is in the process of seeking new financing to replace
the Term Loan Facility and, to the extent this can be successfully
secured, is expected to alleviate the doubt raised by the
application of ASC 205.  Due to the Company's recent trends of
profitable growth, management believes that it will be able to
refinance the Term Loan Facility on acceptable terms despite the
challenging financial environment reflecting the COVID-19 pandemic.
The Company currently has received non-binding term sheets from
multiple investors for transactions which would allow it to
refinance the Term Loan Facility debt and is in active discussions
and negotiations regarding the refinancing.  The Company's
financial forecasts indicate sufficient liquidity for at least the
next twelve months under the terms of these proposals.  However, as
the ability to secure a refinancing is conditional upon the
execution of agreements with new or existing investors, which is
considered outside of the Company's control, for an amount that
allows the Company to meet its obligations as they become due
within a period of at least one year from the date of issuance of
its financial statements, the refinancing is not considered
probable of occurring until such time as the refinancing is
completed."

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

                       https://is.gd/WjaQOl

Lands' End, Inc., operates as a uni-channel retailer of casual
clothing, accessories, footwear, and home products in the United
States, Europe, Asia, and internationally.  It operates through
U.S. eCommerce, Retail, Lands' End Outfitters, Europe eCommerce,
and Japan eCommerce segments.  The company sells its products
online through its landsend.com Website, as well as through third
party online marketplaces, direct mail catalogs, and retail
locations.  As of Jan. 31, 2020, it operated 25 Lands' End stores.
The company was founded in 1963 and is headquartered in Dodgeville,
Wisconsin.


LIBBEY INC: Discloses Substantial Doubt on Remaining Going Concern
------------------------------------------------------------------
Libbey Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss of $78,748,000 on $151,164,000 of total revenues for the
three months ended March 31, 2020, compared to a net loss of
$4,542,000 on $175,649,000 of total revenues for the same period in
2019.

At March 31, 2020, the Company had total assets of $667,386,000,
total liabilities of $757,315,000, and $89,929,000 in total
shareholders' deficit.

The Company said, "On June 1, 2020 (the "Petition Date"), the
Company filed a petition for reorganization in the United States
Bankruptcy Court for the District of Delaware (the "Bankruptcy
Court") under Chapter 11 of the United States Bankruptcy Code (the
"Bankruptcy Code").  The Condensed Consolidated Financial
Statements do not reflect any adjustments that might result from
the outcome of our Chapter 11 proceedings.  The risks and
uncertainties surrounding the Chapter 11 Cases, the events of
default under our credit agreements, and the results of operations
due to the spread of the COVID-19 pandemic impacting the Company's
business raise substantial doubt as to the Company's ability to
continue as a going concern.  Our ability to continue as a going
concern is dependent upon, among other things, our ability to
become profitable, maintain profitability and successfully
implement our Chapter 11 plan of reorganization.  As the progress
of these plans and transactions is subject to approval of the
Bankruptcy Court and, therefore, not within our control, successful
reorganization and emergence from bankruptcy cannot be considered
probable and such plans do not alleviate substantial doubt about
our ability to continue as a going concern."

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

                       https://is.gd/TjLMOB

Libbey Inc. manufactures glass tableware products in five countries
and markets them to customers in over 100 countries.  The Company
is based in Toledo, Ohio.


LIBERTY FOOD: UFCW Trustees' Bid for Default Judgment Nixed
-----------------------------------------------------------
District Judge Michael A. Shipp denied Plaintiffs Trustees of the
UFCW Local 152 Health and Welfare Fund; Trustees of the UFCW Local
152 Retail Meat Pension Fund; Trustees of the UFCW Union and
Participating Food Industry Employers Health and Welfare Fund; and
Trustees of the UFCW Union and Participating Food Industry
Employers Tri-State Pension Fund's Motion for Default Judgment
against Defendant Liberty Food Stores, Inc. in the case captioned
TRUSTEES OF THE UFCW LOCAL 152 HEALTH AND WELFARE FUND, et al.,
Plaintiffs, v. LIBERTY FOOD STORE, INC., Defendant, Civil Action
No. 19-17559 (MAS) (ZNQ) (D.N.J.).

On Jan. 21, 2011, Liberty Food Stores filed for Chapter 11
bankruptcy protection. As a result of the bankruptcy, Liberty Food
Stores entered into settlement agreements with each individual
Plaintiff under which Defendant, in aggregate, "agreed to pay the
total sum of $207,090 by way of an initial down-payment and
thereafter ninety-five monthly installment payments to be paid
pursuant to the payment schedule contained in each [Settlement]
Agreement." The Defendant remitted 84 of the 95 scheduled payments
for a total of $185,877.68. The Plaintiffs last received a payment
on or about June 13, 2019. Pursuant to the terms of the Settlement
Agreements, the Plaintiffs timely notified Defendant of its
delinquency and informed Defendant had five days to cure the issue
or the Plaintiffs would declare them in breach of the Settlement
Agreements. The Defendant failed to cure its delinquency.

On Sept. 24, 2019, the Plaintiffs filed an Amended Complaint
seeking (1) judgment against Liberty Food Stores for breaching the
Settlement Agreements; (2) an order requiring Defendant to remit
$21,212.32 to Plaintiffs, which represents the outstanding balance
owed; and (3) an order requiring Defendant to pay Plaintiffs' fees
and costs. On Oct. 11, 2019, counsel for Defendant sent the
Plaintiffs letter correspondence acknowledging its receipt of the
Summons and Complaint. On Oct. 21, 2019, the Plaintiffs e-filed a
copy of this acknowledgement on the Court's docket. On Nov. 18,
2019, the Plaintiffs requested the Clerk of the Court make an entry
of default against the Defendant. On Nov. 19, 2019, the Clerk
entered default against Defendant. On Jan. 17, 2020, the Plaintiffs
asked the Court to enter a default judgment.

According to Judge Shipp, as a threshold issue, it is unclear to
the Court whether it has jurisdiction over this dispute. Although
this matter ostensibly arises under federal law, namely the
Employee Retirement Income Security Act of 1974 and the Labor
Management Relations Act, each Settlement Agreement contains the
following clause: "[t]he parties mutually agree that the United
States Bankruptcy Court, for the District of New Jersey, shall
maintain jurisdiction in the event that any dispute arises related
to th[e] Settlement Agreement[s] and the breach/enforcement
thereof." The plaintiffs sought to redress for Defendant's failure
to remit all payments as required under the Settlement Agreements.
The Court, therefore, finds good cause to deny the Plaintiffs'
Motion without prejudice and permit the Plaintiffs to address this
issue.

A copy of the Court's Memorandum Order dated August 5, 2020 is
available at https://bit.ly/3gvNXWg from Leagle.com.

                 About Liberty Food Store

Based in Mercerville, N.J., Liberty Food Store, Inc., aka Risoldis
Great Valu Foods, filed for Chapter 11 bankruptcy protection
(Bankr. D.N.J) on Jan. 21, 2011, with under $50,000 in estimated
assets and $1 million to $10 million in estimated liabilities. The
petition was signed by Sabatino A. Risoldi, Jr., president.


LILIS ENERGY: Has $1.9M Net Loss for the Quarter Ended March 31
---------------------------------------------------------------
Lilis Energy, Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $1,904,000 on $12,770,000 of total
revenues for the three months ended March 31, 2020, compared to a
net loss of $22,692,000 on $17,697,000 of total revenues for the
same period in 2019.

At March 31, 2020, the Company had total assets of $250,932,000,
total liabilities of $244,436,000, and $246,207,000 in total
stockholders' deficit.

As part of the Chapter 11 Cases, the Company entered into a
restructuring support agreement (the "RSA") on June 28, 2020, with
(i) the lenders under its Revolving Credit Facility (other than
Varde) (the "Consenting RBL Lenders") and (ii) certain investment
funds and entities affiliated with Varde Partners, Inc.
(collectively, "Varde") which collectively own all of its
outstanding preferred stock and a subordinated participation in
that certain Second Amended and Restated Senior Secured Revolving
Credit Agreement dated as of October 10, 2018 (as amended, the
"Revolving Credit Agreement" and the loan facility, the "Revolving
Credit Facility"), by and among Lilis Energy, Inc., as borrower,
the other Debtors, as guarantors, BMO Harris Bank, N.A., as
administrative agent (the "Administrative Agent"), and the lenders
party thereto ("RBL Lenders").

Lilis Energy said, "The Company's operations and its ability to
develop and execute its business plan are subject to a high degree
of risk and uncertainty associated with the Chapter 11 Cases.  The
outcome of the Chapter 11 Cases is subject to a high degree of
uncertainty and is dependent upon factors that are outside of the
Company's control, including actions of the Bankruptcy Court and
the Company's creditors.  There can be no assurance that the
Company will confirm and consummate a Plan as contemplated by the
RSA or complete another plan of reorganization with respect to the
Chapter 11 Cases.  As a result, the Company has concluded these
matters raise substantial doubt about the Company's ability to
continue as a going concern for a twelve-month period following the
date of issuance of these consolidated financial statements."

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

                       https://is.gd/PZavpb

Lilis Energy, Inc., is an independent oil and natural gas company
focused on the acquisition, development, and production of
conventional and unconventional oil and natural gas properties in
the core of the Delaware Basin in Winkler, Loving, and Reeves
Counties, Texas and Lea County, New Mexico.  Lilis Energy, Inc.,
was incorporated in 2007 and is headquartered in Houston, Texas.


LSC COMMUNICATIONS: Has $63.0M Net Loss for Quarter Ended June 30
-----------------------------------------------------------------
LSC Communications, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $63 million on $532 million of net sales
for the three months ended June 30, 2020, compared to a net loss of
$25 million on $869 million of net sales for the same period in
2019.

At June 30, 2020, the Company had total assets of $1,485 million,
total liabilities of $1,674 million, and $189 million in total
deficit.

The Company disclosed that there is substantial doubt about its
ability to continue as a going concern.

The Company said, "While operating as debtors-in-possession under
Chapter 11, we may sell or otherwise dispose of or liquidate assets
or settle liabilities, subject to the approval of the Bankruptcy
Court or as otherwise permitted in the ordinary course of business
(and subject to restrictions in our debt agreements), for amounts
other than those reflected in the accompanying condensed
consolidated financial statements.  Further, the plan of
reorganization could materially change the amounts and
classifications of assets and liabilities reported in the condensed
consolidated financial statements."

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

                       https://is.gd/4rl4oD

LSC Communications, Inc., together with its subsidiaries, provides
various traditional and digital print, print-related services, and
office products in North America, Europe, and Mexico. It operates
through Magazines, Catalogs and Logistics; Book; Office Products;
Mexico; and Other segments. The company was founded in 2016 and is
based in Chicago, Illinois.


LUBY'S INC: Has $25.0-Mil. Net Loss for the Quarter Ended June 3
----------------------------------------------------------------
Luby's, Inc. filed its quarterly report on Form 10-Q, disclosing a
net loss of $24,979,000 on $18,994,000 of total sales for the
quarter ended June 3, 2020, compared to a net loss of $5,301,000 on
$74,766,000 of total sales for the quarter ended June 5, 2019.

At June 3, 2020, the Company had total assets of $189,256,000,
total liabilities of $123,614,000, and $65,642,000 in total
shareholders' equity.

The Company said, "The full extent and duration of the impact of
the COVID-19 pandemic on our operations and financial performance
is currently unknown.  The Company's continuation as a going
concern is dependent on its ability to generate sufficient cash
flows from operations and its ability to generate proceeds from
real estate property sales to meet its obligations.  The conditions
and events, in the aggregate, raise substantial doubt about our
ability to continue as a going concern."

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

                       https://is.gd/TCvtPc

Luby's, Inc. operates as a multi-brand restaurant company in the
United States.  It operates through three segments: Company-Owned
Restaurants, Franchise Operations, and Culinary Contract Services.
It was formerly known as Luby's Cafeterias, Inc.  The Company was
founded in 1947 and is headquartered in Houston, Texas.



MACY'S INC: Exececutives Get $9 Million in Bonuses
--------------------------------------------------
Anders Melin and Jordyn Holman, writing for Bloomberg News, report
that the board of Macy's Inc. handed $9 million in equity awards to
six top executives just two weeks after the department store chain
said it would cut thousands of jobs in its corporate office.

Chief Executive Officer Jeff Gennette received restricted stock
worth $3.7 million on July 9, according to a regulatory filing. The
other five, including legal chief Elisa Garcia and Danielle Kirgan,
who oversees human resources, received awards ranging from $350,000
to $3 million.

It has been a grim year for the retailer, whose difficulties have
been exacerbated by enforced store lockdowns to stave off the
coronavirus pandemic. A month before the lockdowns began, the
company said it would close 125 department stores -- a quarter of
its total -- and lay off a few thousand workers. And on June 25,
Gennette announced another 3,900 job cuts in corporate and
management roles.

The company’s shares have plunged 60% this year.

The economic effects of the pandemic have ripped through the retail
industry, which for years has fought to cope with changing consumer
behavior and a shift to online shopping. Neiman Marcus, J.C. Penney
Co. and others have filed for bankruptcy, while many more have cut
jobs both in stores and at the corporate level.

Macy's top executives typically receive their annual equity
allotments in mid-March, but the board delayed those grants this
year, the company said in an emailed statement. Instead they were
granted in July.

The statement didn't address questions about the board's decision
to delay the awards, but said that it will be explained in next
year's proxy.

On July 1, the board also reversed top executives' temporary salary
reductions that had been been in place since April.  That means
Gennette, who took no salary for that period, is now back at his
$1.3 million annual rate.

Executive compensation tends to be decoupled from job cuts and
broader organizational shifts in a company. Senior executives
usually receive most of their pay in equity awards like restricted
stock or options, which rise and fall in value in tandem with share
prices.

In the past, Macy's has handed top bosses stock options and
performance shares that are tied to goals. But the awards handed to
to Gennette and his five deputies last week will be theirs as long
as they remain on their jobs for a few years, regardless of the
firm’s results.

                       About Macy's Inc.

Macy's, Inc., an omni-channel retail organization, operates stores,
Websites, and mobile applications.  The company was formerly known
as Federated Department Stores, Inc., and changed its name to
Macy's, Inc., in June 2007.  Macy's Inc. was founded in 1830 and is
based in Cincinnati, Ohio.


MEDIQUIRE INC: Liquidating Plan Confirmed by Judge
--------------------------------------------------
Judge Martin Glenn has entered an order approving the Disclosure
Statement and confirming the Plan of Liquidation of MediQuire,
Inc.

The Plan has been proposed in good faith and not by any means
forbidden by law.

The Debtor has acted in "good faith" for purposes of 11 U.S.C. Sec.
1125(e), and the Plan proponent has complied with all applicable
provisions of the Bankruptcy Code.

Each holder of a claim has been deemed to have accepted the Plan or
will receive or retain on account of such claim under the Plan
property of a value, as of the Effective Date of the Plan, that is
not less than the amount that such holder would receive or retain
if the Debtor were liquidated under Chapter 7 of the Bankruptcy
Code on such date.

A copy of the order dated July 16, 2020, is available at
https://tinyurl.com/y5t9h4yf from PacerMonitor.com at no charge.

                      About Mediquire Inc.

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

Mediquire, Inc., based in New York, NY, filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 20-10284) on Jan. 30, 2020.  In the
petition signed by CFO Rhonda Rosen, the Debtor disclosed
$2,178,510 in assets and $1,780,713 in liabilities.  Joel
Shafferman, Esq., at Shafferman & Feldman LLP, serves as bankruptcy
counsel to the Debtor.


MEDTAINER INC: Posts $333K Net Loss for the Quarter Ended March 31
------------------------------------------------------------------
Medtainer, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $333,392 on $556,129 of sales for the
quarter ended March 31, 2020, compared to a net income of $471,558
on $604,437 of sales for the same period in 2019.

At March 31, 2020, the Company had total assets of $2,684,086,
total liabilities of $1,897,581, and $786,505 in total
shareholders' equity.

The Company said that there is substantial doubt as to its ability
to continue as a going concern citing that it has generated
material operating losses since inception and its ability to
continue as a going concern is dependent on the successful
execution of its operating plan, which includes increasing sales of
existing products while introducing additional products and
services, controlling cost of goods sold and operation expenses,
negotiating extensions of existing loans, and raising either debt
or equity financing.  The Company further stated that the Covid-19
pandemic is expected materially to impede the execution of the
Company's operating plan.

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

                       https://is.gd/d1CmQV

Medtainer, Inc., through its subsidiaries, designs, manufactures,
brands, and sells proprietary plastic medical grade containers in
the United States. The company offers Medtainer containers that
store pharmaceuticals, herbs and herbal remedies, teas, and other
solids or liquids, as well as coffee, wines and liquors, and food
products. It also provides private labeling and branding services
for purchasers of containers and other products. In addition, the
company sells and distributes humidity control inserts, lighters,
smell–proof bags, hydroponic grow towers, and other items. It
markets its products directly to end users; and retail public
through Internet, as well as wholesalers and other businesses. The
company was formerly known as Acology, Inc. and changed its name to
Medtainer, Inc. in October 2018. Medtainer, Inc. was incorporated
in 1997 and is based in Corona, California.


MID-CON ENERGY: Says Substantial Doubt on Going Concern Exists
--------------------------------------------------------------
Mid-Con Energy Partners, LP, filed its quarterly report on Form
10-Q, disclosing a net income of $2,783,000 on $38,455,000 of total
revenues for the three months ended March 31, 2020, compared to a
net loss of $3,788,000 on $3,018,000 of total revenues for the same
period in 2019.

At March 31, 2020, the Company had total assets of $204,525,000,
total liabilities of $108,809,000, and $57,552,000 in total
equity.

The Company disclosed factors that raise substantial doubt over the
Partnership's ability to continue as a going concern for at least
one year from the date that the financial statements are issued.

The Company said, "At March 31, 2020, the Partnership was not in
compliance with the leverage ratio covenant of our credit
agreement.  On June 4, 2020, Amendment 15 to the credit agreement
was executed, decreasing the borrowing base of the credit agreement
from $95.0 million to $64.0 million, establishing a repayment
schedule for the borrowing base deficiency and waiving the March
31, 2020, leverage ratio noncompliance.  However, we did not
receive a waiver for more than one year from the balance sheet
date, resulting in borrowings payable of $74.0 million being
classified as current liabilities at March 31, 2020.  The
Partnership's total current liabilities of $77.2 million exceeded
our total current assets of $20.9 million at March 31, 2020.  Our
ability to continue as a going concern is dependent on the
re-negotiation of our revolving credit facility, or other measures
such as the sale of assets or raising additional capital.  There is
no assurance, however, that such discussions will result in a
refinancing of the credit facility on acceptable terms, if at all,
or provide any specific amount of additional liquidity.  These
factors raise substantial doubt over the Partnership's ability to
continue as a going concern for at least one year from the date
that these financial statements are issued, and therefore, whether
we will realize our assets and extinguish our liabilities in the
normal course of business and at the amounts stated in the
unaudited condensed consolidated financial statements."

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

                       https://is.gd/fSXmzT

Mid-Con Energy Partners, LP acquires, explores, develops, and
produces oil and natural gas properties in North America.  The
company's properties are located in the Southern Oklahoma,
Northeastern Oklahoma, parts of Oklahoma, Colorado and Texas within
the Hugoton, and Texas Gulf Coast and Texas within the Eastern
Shelf of the Permian in the Mid-Continent and Permian Basin regions
of the United States.  The company was founded in 2011 and is
headquartered in Dallas, Texas.  Mid-Con Energy GP LLC serves as
the general partner of Mid-Con Energy Partners LP.


MITCHAM INDUSTRIES: Reports $6.6M Net Loss for April 30 Quarter
---------------------------------------------------------------
Mitcham Industries, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $6,642,000 on $7,375,000 of total revenues
for the three months ended April 30, 2020, compared to a net loss
of $2,415,000 on $9,857,000 of total revenues for the same period
in 2019.

At April 30, 2020, the Company had total assets of $51,203,000,
total liabilities of $10,653,000, and $40,550,000 in total
shareholders' equity.

The Company disclosed that there is substantial doubt about its
ability to meet its obligations as they arise over the next twelve
months.

Mitcham Industries said, "The Company has a history of losses, has
had negative cash from operating activities in each of the last two
years and its cash balance as of April 30, 2020 is significantly
lower than at April 30, 2019.  For the past three years, the
Company has generated significant cash from the sale of preferred
stock pursuant to an "at the market" program.  That program has
been completed and no further preferred shares can be sold pursuant
to it.  Furthermore, the amount of authorized preferred stock
available for other financing transactions is limited.  While the
Company has plans to increase the authorized shares, such increase
requires shareholder approval and there can be no assurance such
approval will be obtained.

The Company further stated, "The Company has a history of losses,
has had negative cash from operating activities in the last two
years and may not have access to sources of capital that were
available in prior periods. In addition, the COVID-19 pandemic and
the decline in oil prices during the quarter ended April 30, 2020
have created significant uncertainty and could have a material
adverse effect on the Company’s business, financial position,
results of operations and liquidity. Accordingly, substantial
uncertainty has arisen regarding the Company’s ability to
continue as a going concern. These consolidated financial
statements do not include any adjustments to reflect the possible
future effects on the recoverability and classification of assets
or the amounts and classification of liabilities that may result
should the Company not be able to continue as a going concern."

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

                       https://is.gd/0jb4qH

Mitcham Industries, Inc., through its subsidiaries, provides
technology to the oceanographic, hydrographic, defense, seismic and
maritime security industries worldwide. The company operates in two
segments, Marine Technology Products, and Equipment Leasing.
Mitcham Industries, Inc. was founded in 1987 and is headquartered
in The Woodlands, Texas.



MOBIQUITY TECHNOLOGIES: Deficit Raises Going Concern Doubt
----------------------------------------------------------
Mobiquity Technologies, Inc., filed its quarterly report on Form
10-Q, disclosing a net comprehensive loss of $4,583,460 on $657,269
of revenue for the three months ended June 30, 2020, compared to a
net comprehensive loss of $27,441,461 on $2,249,485 of revenue for
the same period in 2019.

At June 30, 2020, the Company had total assets of $13,377,088,
total liabilities of $6,437,854, and $6,939,234 in total
stockholders' equity.

The Company disclosed factors that raise substantial doubt
regarding its ability to continue as a going concern for a period
of one year from the issuance of the financial statements.

Mobiquity Technologies said, "The continuation of the Company as a
going concern is dependent upon the continued financial support
from its shareholders, the ability of management to raise
additional equity capital through private and public offerings of
its common stock, and the attainment of profitable operations.  As
of June 30, 2020, the Company had an accumulated deficit of
$178,155,775.  These factors raise substantial doubt regarding the
Company's ability to continue as a going concern for a period of
one year from the issuance of these financial statements."

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

                       https://is.gd/Kohnwa

Mobiquity Technologies, Inc. operates as a mobile advertising
technology company primarily in the United States. It provides
location-based data and insights on consumer's real-world behavior
and trends for use in marketing and research; and accurate and
scaled solution for mobile data collection and analysis. The
company was formerly known as Ace Marketing & Promotions, Inc. and
changed its name to Mobiquity Technologies, Inc. in September 2013.
Mobiquity Technologies, Inc. was founded in 1998 and is
headquartered in New York, New York.



MODERN VIDEOFILM: Disclosure Hearing Continued to Nov. 18
---------------------------------------------------------
Judge Mark S. Wallace has entered an order within which the hearing
on the approval of Disclosure Statement accompanying First Amended
Chapter 11 Plan of Debtor Modern VideoFilm, Inc. will be continued
to Nov. 18, 2020 at 9:00 a.m., with an updated status report due
Nov. 4, 2020.

A copy of the order dated July 17, 2020, is available at
https://tinyurl.com/y2u35qpl from PacerMonitor at no charge.

                   About Modern VideoFilm

Modern VideoFilm Inc. is a feature film and television
post-production company based in California. Modern VideoFilm filed
a Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-11792) on May
16, 2018.  In the petition signed by CRO Howard Grobstein, the
Debtor was estimated to have $1 million to $10 million in assets
and $50 million to $100 million in liabilities.

Judge Mark S Wallace oversees the case.

Garrick A. Hollander, Esq., at Winthrop Couchot Golubow Hollander,
LLP, serves as the Debtor's counsel.


MOTIF DIAMOND: US Trustee Objects to Combined Plan & Disclosures
----------------------------------------------------------------
Daniel M. McDermott, United States Trustee, objects to the Combined
Plan and Disclosure Statement of debtor Motif Diamond Designs,
Inc., and states as follows:

   * A plan must provide adequate means for the plan’s
implementation.

   * The Debtor does not provide sufficient information on how it
will fund the Plan.

   * It is also unclear, based on the Debtor’s operations
throughout this case, how it estimates it will be able to pay 15%
to its unsecured creditors.

   * The Plan notes that the Debtor plans to reject its mall lease
and move to a new, more profitable location outside the mall.
However, the Plan includes no specifics as to the alternate
location, the timing of the move, moving costs, rent cost, and the
basis that an alternate location would be more profitable.

   * Absent additional information, the Plan cannot be confirmed
because the information provided is inadequate as to how the Plan
will be funded.

   * Finally, because the Plan is vague, the feasibility of the
Plan cannot be assessed.

A full-text copy of the U.S. Trustee's objection to combined plan
and disclosure dated July 17, 2020, is available at
https://tinyurl.com/ybdgu7ul from PacerMonitor.com at no charge.

                   About Motif Diamond Designs

Motif Diamond Designs, Inc. is a jewelry store based in Taylor,
Michigan. The Company filed a Chapter 11 petition (Bankr. E.D.
Mich. Case No. 20-40285) on Jan. 8, 2020.  The petition was signed
by Toros Chopjian, its vice president.  At the time of the filing,
the Debtor was estimated to have assets of up to $50,000 and
liabilities of $1 million to $10 million.

Judge Phillip J. Shefferly oversees the case.

The Debtor hired Yuliy Osipov, Esq. at Osipov Bigelman, P.C., as
its bankruptcy counsel and Al-Hassan, Howell, Sadaps CPA &
Associates, P.C., as its accountants.


MOUNT GROUP: Seeks to Tap Randall P. Whately as Special Counsel
---------------------------------------------------------------
Mount Group, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Michigan to employ Randall P. Whately PLLC
as special counsel.

Debtor needs the firm's legal assistance to appeal the taxable
value of its real estate properties.

The firm will receive 25 percent of the total tax savings for 2020.
It is estimated that the tax savings for 2020 will be $25,500 for
an anticipated legal fee of $6,375.

Yasser Hammoud, Debtor's principal, paid the firm a retainer of
$470, of which $450 will be used to pay the filing fee.  
   
Randall Whately, Esq., the firm's attorney who will be providing
the services, 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:
   
     Randall P. Whately, Esq.
     Randall P. Whately PLLC
     44327 Plymouth Oaks Blvd.
     Plymouth, MI 48170
     Telephone: (734) 335-1967
     Facsimile: (734) 207-3651
     
                         About Mount Group

Mount Group, LLC is a single asset real estate (as defined in 11
U.S.C. Section 101(51B)).

On June 19, 2020, Mount Group sought Chapter 11 protection (Bankr.
E.D. Mich. Case No. 20-46958).  Yasser Hammoud, Debtor's principal,
signed the petition.  At the time of the filing, Debtor disclosed
$1 million to $10 million in both assets and liabilities.  Judge
Maria Oxholm oversees the case.  Robert N. Bassel, Esq., is
Debtor's legal counsel.


MOUNTAIN PROVINCE: To Seek OK for Proposed Financing Solutions
--------------------------------------------------------------
Mountain Province Diamonds Inc. intends to hold a special meeting
of shareholders on Sept. 29, 2020.  The record date for
shareholders entitled to receive notice and vote at the Special
Meeting has been set as Aug. 26, 2020.

The Special Meeting is being called to enable the Company's
shareholders to approve two related party transactions that will
significantly strengthen the Company's financial position as it
responds to the challenges posed by the COVID-19 pandemic.  An
information circular with detailed information about the Special
Meeting will be mailed to shareholders.

At the Special Meeting, the Company will seek approval for the
assignment from the existing lenders to Dermot Desmond, or a
related company, of the Company's indebtedness of US$25,000,000
under its senior secured revolving credit facility.

In connection with the Assignment, certain amendments will be made
to the Existing Credit Facility, including, among other things,
adjusting the interest rate to a fixed 5% per annum, payable
monthly, and removing certain financial maintenance covenants under
a one-year term.  The effect of the Assignment is that Mr. Desmond
will provide a refinancing and extension of the existing
US$25,000,000 credit facility.

The Company will also seek approval at the Special Meeting for an
increase from US$50,000,000 to US$100,000,000 in the sales capacity
under the previously announced diamond sales agreement between the
Company, certain of its subsidiaries and Dunebridge Worldwide Ltd.
This will allow the Company to continue selling its run of mine
diamonds (below 10.8 carats) at the prevailing market price, and
potentially share in the future upside should the traditional sales
channels for rough diamonds remain closed or subdued.

Dunebridge is controlled by Dermot Desmond, an insider and related
party of Mountain Province.  The Sales Capacity Increase and the
Assignment therefore each constitute a "related party transaction"
within the meaning of Multilateral Instrument 61-101 – Protection
of Minority Shareholders in Special Transactions ("MI 61-101").
Mountain Province is relying on the exemption from the formal
valuation requirement of MI 61-101 contained in Section 5.5(g) on
the basis of financial hardship.  The terms of the Transactions
were unanimously approved by the independent members of Mountain
Province's board of directors.

An ad hoc committee of independent directors of Mountain Province,
all of whom are independent of management and Mr. Desmond, the
major shareholder of Mountain Province, undertook a deliberate and
full consideration of the Transactions and various alternatives and
financing options available to Mountain Province and concluded that
the Transactions are reasonable and represent the best options for
Mountain Province in the circumstances, having regard to the best
interests of Mountain Province and its stakeholders.  The
Independent Committee unanimously recommended the Transactions to
the board of directors of the Company.  The Board has received the
recommendations and findings of the Independent Committee, and Mr.
Jonathan Comerford and Mr. Brett Desmond having declared conflicts
of interest and not attending any part of any meeting where the
Transactions were discussed and not voting on the Transactions, has
unanimously found that the Company is in serious financial
difficulty, that the Transactions designed to improve the financial
position of the issuer, that Section 5.5(f) of National Instrument
61-101 is not applicable, and approved the Transactions.  

In addition to shareholder approval, the Transactions are subject
to approval by the Toronto Stock Exchange.

Stuart Brown, the Company's president and CEO, commented:

"The impact of the COVID-19 pandemic on the diamond industry and in
turn the Company has been profound.  The support shown by Mr.
Desmond and the subsequent finalisation of the Transactions will be
a substantial positive step in stabilising the Company and brings
more certainty to its future.  In particular, the US$50,000,000
increase of the sales agreement allows the Company the flexibility
to sell its diamonds under the agreement or through the traditional
sales channels as they begin to open after the summer holidays."

"As previously announced, the Company is planning to hold its first
sale since the start of the pandemic in September."

                  About Mountain Province Diamonds Inc.

Mountain Province Diamonds -- www.mountainprovince.com -- is a 49%
participant with De Beers Group in the Gahcho Kue diamond mine
located in Canada's Northwest Territories.  The Gahcho Kue Joint
Venture property consists of several kimberlites that are actively
being mined, developed, and explored for future development.  The
Company also controls 106,202 hectares of highly prospective
mineral claims and leases that surround the Gahcho Kue Joint
Venture property that include an indicated mineral resource for the
Kelvin kimberlite and inferred mineral resources for the Faraday
kimberlites.

Mountain Province reported a net loss of C$128.76 million for the
year ended Dec. 31, 2019, compared to a net loss of C$18.93 million
for the year ended Dec. 31, 2018.

                         *    *    *

As reported by the TCR on July 21, 2020, Moody's Investors Service
downgraded Mountain Province Diamonds Inc.'s Corporate Family
rating to Caa3 from Caa1.  The downgrade of MPD's rating reflects
Moody's view that the company will be challenged to repay its
revolving credit facility as per its revolving credit facility
waiver agreement [1] given the current difficult rough diamond
market as the coronavirus pandemic has further weakened prices and
sales volumes, as well as the increased risk that the company
enters into a debt restructuring transaction.

In May 20, 2020, S&P Global Ratings lowered its issuer credit
rating on Toronto-based Mountain Province Diamonds Inc. (MPV) and
its issue-level rating on the company's second-lien secured notes
to 'CCC-' from 'CCC+'.  "We believe MPV faces a high risk of
exhausting its liquidity within the next several months, and
increased likelihood for engaging in a debt restructuring
transaction we view as a distressed," S&P said.


MYOS RENS: Posts $771,000 Net Loss for the Quarter Ended June 30
----------------------------------------------------------------
MYOS RENS Technology Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $771,000 on $329,000 of net revenues for
the three months ended June 30, 2020, compared to a net loss of
$1,175,000 on $154,000 of net revenues for the same period in
2019.

At June 30, 2020, the Company had total assets of $4,072,000, total
liabilities of $1,244,000, and $2,828,000 in total stockholders'
equity.

The Company has suffered recurring losses from operations and
incurred a net loss of $1,637 thousand for the six months ended
June 30, 2020.  The accumulated deficit as of June 30, 2020 was
$40,962 thousand.  The Company has not yet achieved profitability
and expects to continue to incur cash outflows from operations.

The Company said, "It is expected that its operating expenses will
continue to increase and, as a result, the Company will eventually
need to generate significant product revenues to achieve
profitability.  These conditions indicate that there is substantial
doubt about the Company's ability to continue as a going concern
within one year after the condensed consolidated financial
statement issuance date."

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

                       https://is.gd/CyEHzg

MYOS RENS Technology Inc. focuses on the discovery, development,
and commercialization of nutritional ingredients, functional foods,
and other technologies that enhance muscle health and performance.
The company was formerly known as MYOS Corporation and changed its
name to MYOS RENS Technology Inc. in March 2016. MYOS RENS
Technology Inc. was founded in 2007 and is based in Cedar Knolls,
New Jersey.



NEIMAN MARCUS: UST Says Retailer Must Justify Exec. Payouts
-----------------------------------------------------------
Ella Chochrek, writing for Footwear News, reports that a lawyer
from the Justice Department has recommended that a judge reject
Neiman Marcus' key employee incentive plan (KEIP) unless executives
can prove they helped boost NMG's earnings.

Attorneys for Neiman Marcus are set to ask a U.S. bankruptcy judge
to approve a KEIP that would award a maximum of $10 million to
eight top execs -- with a payout of as much as $6 million going to
CEO Geoffroy van Raemdonck. In addition, Neiman Marcus is
requesting up to $8.7 million in pay for 239 other employees,
including 17 senior vice presidents, 82 vice presidents, 40
directors and up to 100 eligible "key associates." The retailer
says these bonuses would go to members of its workforce who are
"critical to day-to-day operations" and would be “difficult and
costly" to replace.

But according to the DoJ watchdog, Henry Hobbs, execs must show
that the payouts are more than "pay to stay" bonuses, which are
illegal under U.S. bankruptcy law. A statute was added to the
bankruptcy code prohibiting such payouts in 2005, Hobbs wrote, in
response to "glaring abuses of the bankruptcy system" by execs from
companies such as Enron and Polaroid.

Watch on FN

In order to pay out the bonuses, Hobbs said, NMG must first show
that "a nexus exists between the specific work duties of the KEIP
participants and the achievement of the performance goals; and the
performance goals represent challenging, incentive-based
benchmarks." Otherwise, the company must prove that the execs "have
bona fide offers from other businesses at the same or greater rate
of compensation" and are "essential" to the survival of the
business.

Facing pressure stemming from a multi-billion-dollar debt load,
declining foot traffic and increased digital competition, Neiman
Marcus announced a four-year transformation plan centered on
omnichannel and supply chain technology investments two years ago.
The company had managed to avoid bankruptcy in 2019 after reworking
some of its debt, and was looking into various strategies to shore
up capital, including the potential sale or IPO of the MyTheresa
e-commerce site. But Neiman Marcus' existing challenges were
exacerbated in mid-March, when the coronavirus forced it to
temporarily shutter its entire fleet, driving sales downward.

Neiman Marcus filed for Chapter 11 protection on May 7 in Texas
bankruptcy court, listing estimated assets in the range of $1
billion and $10 billion, roughly on par with its estimated
liabilities. It reached an agreement in May with creditors for $675
million in debtor-in-possession financing. Post-bankruptcy, Neiman
Marcus expects to eliminate $4 billion of debt, with no near-term
maturities. The company is aiming to emerge from Chapter 11 by
early fall.

                       About Neiman Marcus

Neiman Marcus Neiman Marcus Group LTD, LLC --
https://www.neimanmarcus.com/ -- is a luxury omni-channel retailer
conducting store and online operations principally under the Neiman
Marcus, Bergdorf Goodman, and Last Call brand names. It also
operates the Horchow e-commerce website offering luxury home
furnishings and accessories.  Since opening in 1907 with just one
store in Dallas, Neiman Marcus and its affiliates have
strategically grown to 67 stores across the United States.

Weeks after being forced to temporarily shutter stores due to the
coronavirus pandemic, Neiman Marcus Group and 23 affiliates sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-32519) on
May 7, 2020, after reaching an agreement with a significant
majority of our creditors to undergo a financial restructuring
that
will substantially reduce the Company's debt load, and provide
access to considerable financing to ensure business continuity.

Kirkland & Ellis LLP is serving as legal counsel to the Company,
Lazard Ltd. is serving as the Company's investment banker, and
Berkeley Research Group is serving as the Company's financial
advisor. Stretto is the claims agent, maintaining the page
https://cases.stretto.com/NMG

Judge David R. Jones oversees the cases.

The Extended Term Loan Lenders are represented by Wachtell, Lipton,
Rosen & Katz as legal counsel, and Ducera Partners LLC as
investment banker.

The Noteholders are represented by Paul, Weiss, Rifkind, Wharton &
Garrison LLP as legal counsel and Houlihan Lokey as investment
banker.


NEUROMETRIX INC: Posts $852,000 Net Loss for Quarter Ended June 30
------------------------------------------------------------------
NeuroMetrix, Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss of $851,944 on $1,359,979 of revenues for the
quarter ended June 30, 2020, compared to a net loss of $3,362,191
on $2,354,683 of revenues for the same period in 2019.

At June 30, 2020, the Company had total assets of $8,605,528, total
liabilities of $3,116,912, and $5,488,616 in total stockholders'
equity.

The Company said, "We have reported recurring losses from
operations and negative cash flows from operating activities.
These factors raise substantial doubt about our ability to continue
as a going concern for the one-year period from the date of
issuance of these financial statements.  We held cash and cash
equivalents of $5.4 million as of June 30, 2020.  We believe that
these resources and the cash to be generated from future product
sales will be sufficient to meet our projected operating
requirements into the third quarter of 2021.  Accordingly, we will
need to raise additional funds to support our operating and capital
needs in the third quarter of 2021 and beyond."

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

                       https://is.gd/cJPRXq

NeuroMetrix, Inc., a healthcare company, develops and markets
products for the detection, diagnosis, and monitoring of peripheral
nerve and spinal cord disorders.  The Company develops wearable
neuro-stimulation therapeutic devices and point-of-care neuropathy
diagnostic tests to address chronic health conditions, including
chronic pain, sleep disorders, and diabetes.  It operates in the
United States, Europe, Japan, China, the Middle East, and Mexico.
The Company has a strategic collaboration with GlaxoSmithKline.
NeuroMetrix, Inc., was founded in 1996 and is headquartered in
Waltham, Massachusetts.



NEW YORK HOSPITALITY: Hires Calzaretto & Company as Accountant
--------------------------------------------------------------
New York Hospitality, JV seeks authority from the U.S. Bankruptcy
Court for the Western District of Texas to hire Calzaretto &
Company LLC as its accountant.

The firm will provide the following services:

     a. assist Debtor and its legal counsel in preparing and filing
the required schedules, statement of financial affairs, monthly
financial reports and other documents;

     b. help Debtor and its legal counsel respond to inquiries from
creditors and the United States Trustee regarding its current and
past financial affairs;

     c. assist in the negotiation and documentation of any
borrowing, sale or refinancing of property of the estate; and

     d. assist in the formulation of a plan of reorganization and
disclosure statement and in obtaining confirmation of the plan.

The firm will be paid at hourly rates as follows:

     Member/Director                 $325
     Associate                       $225
     Staff/Paraprofessional          $110

Calzaretto & Company will also be reimbursed for out-of-pocket
expenses incurred.

John Calzaretto, a member of Calzaretto & Company, disclosed in
court filings that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

Calzaretto & Company can be reached at:

     John A. Calzaretto
     Calzaretto & Company, LLC
     459 Route 38 West
     Maple Shade, NJ 08052
     Tel: (856) 667-0400
     Fax: (856) 667-1477

                  About New York Hospitality, JV

New York Hospitality, JV, a single asset real estate (as defined in
11 U.S.C. Sec. 101(51B)), filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No.
20-10765) on July 6, 2020.  At the time of filing, Debtor estimated
$1 million to $10 million in both assets and liabilities.

Judge Tony M. Davis oversees the case.  

Debtor has tapped B. Weldon Ponder, Jr., Esq., and Catherine Lenox,
Esq., as its bankruptcy attorneys, and Calzaretto & Company, LLC as
its accountant.


NN INC: Moody's Places Caa2 CFR on Review for Upgrade
-----------------------------------------------------
Moody's Investors Service place the ratings of NN, Inc. on review
for upgrade including Corporate Family Rating and Probability of
Default Rating at Caa2 and Caa3-PD; and the senior secured credit
facilities at Caa2. The Speculative Grade Liquidity Rating is
SGL-4.

On Review for Upgrade:

Issuer: NN, Inc.

Corporate Family Rating, Placed on Review for Upgrade, currently
Caa2

Probability of Default Rating, Placed on Review for Upgrade,
currently Caa3-PD

Senior Secured Bank Credit Facility, Placed on Review for Upgrade
currently Caa2 (LGD3)

Outlook Actions:

Issuer: NN, Inc.

Outlook, Changed To Rating Under Review From Negative

Speculative Grade Liquidity Rating:

Issuer: NN, Inc.

Unchanged at SGL-4

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

The review will consider NN's expected leverage, free cash flow
generation, and industry prospects following the completion of the
announced definitive agreement to sell NN's Life Sciences division
to affiliates of American Securities LLC. Under the terms of the
agreement, the Life Sciences division will be purchased for $825
million, including $755 million (subject to customary adjustments)
in cash payable at closing of the transaction and an additional $70
million earnout payable in cash based on the 2022 performance of
the Life Sciences division. The transaction is expected to be
completed in the fourth quarter of 2020, subject to customary
closing conditions.

NN plans to use an estimated $700 million in net proceeds from the
sale to pay down its term loan debt resulting in increased
financial flexibility and reduced interest costs. The sale of Life
Sciences is expected to complete NN's strategic review of its
businesses and allow management to focus on the remaining Mobile
Solutions and Power Solutions business segments.

The review will consider NN's competitive position and growth
prospects in its Mobile Solutions business (with LTM revenues of
$251 million) and Power Solutions business ($175 million in
revenues. The review will also consider the coronavirus pandemic's
negative impact on volumes in the company's end-markets and free
cash flow generation. Moody's estimates that pro forma Debt/EBITDA
for the LTM period ending June 30, 2020 will decrease to about 6x
(inclusive of Moody's adjustments and excluding certain management
add-backs) from about 8.8x. Upon completion of the transaction NN's
liquidity profile should also improve.

On improving governance, as part of management efforts to support
operations, NN bolstered its board of directors with members
experienced in advising and valuing strategic alternatives.

The principal methodology used in these ratings was Manufacturing
Methodology published in March 2020.

NN, headquartered in Charlotte, NC, is a diversified industrial
company that combines advanced engineering and production
capabilities with in-depth materials science expertise to design
and manufacture high-precision components and assemblies for a
variety of markets on a global basis. Revenues for the LTM period
ending June 30, 2020 were $763 million.


NN INC: S&P Places 'B-' Issuer Credit Rating on Watch Developing
----------------------------------------------------------------
S&P Global Ratings placed its 'B-' issuer credit rating on NN Inc.
and its existing issue-level ratings on the company's debt on
CreditWatch with developing implications. The CreditWatch placement
reflects the potential for a higher rating if the transaction
closes as expected with net proceeds used for debt reduction and
elimination of liquidity risk, or a lower rating if any unforeseen
obstacles to closing the transaction in a timely manner leads to a
return of liquidity issues.

The rating action is in response to the announcement that NN Inc.
has signed a definitive agreement to divest its Life Sciences
division to American Securities for $825 million. The company
expects the transaction to close in the fourth quarter of 2020,
generating $700 million net proceeds to be used for debt reduction.
If the transaction closes as expected, S&P would reassess the
ratings at that time given the resolution to issues regarding
near-term liquidity, and potential meaningful improvement to credit
measures.

"The developing CreditWatch reflects our perspective on the
company's ability to successfully emerge from the present position
where liquidity is constrained and dependent on waivers that
provide temporary relief. Given the transaction is expected to
close in the fourth quarter, and the company is no longer subject
to a maximum leverage covenant in the third quarter due to a recent
waiver, we believe this transaction should resolve liquidity issues
as long as it closes within this timeframe," S&P said.

The developing CreditWatch also speaks to the alternate case where
if for any reason the transaction were not to close during the
fourth quarter, then liquidity would remain constrained and could
lead to a lower rating, according to S&P.

"We could raise or lower the ratings of NN Inc. pending the
successful completion of the announced divestiture of the Life
Sciences division and corresponding expected debt reduction. The
successful completion of the divestiture would likely lead to a
higher rating benefitting from lower debt leverage. If the
transaction did not close in a timely manner that could lead to a
lower rating due to a likely return of constrained liquidity," the
rating agency said.


NORTHWEST BIOTHERAPEUTICS: Losses Cast Going Concern Doubt
----------------------------------------------------------
Northwest Biotherapeutics, Inc., filed its quarterly report on Form
10-Q, disclosing a net income of $2,726,000 on $570,000 of total
revenues for the three months ended March 31, 2020, compared to a
net loss of $20,946,000 on $339,000 of total revenues for the same
period in 2019.

At March 31, 2020, the Company had total assets of $9,183,000,
total liabilities of $44,175,000, and $34,992,000 in total
stockholders' deficit.

Northwest Biotherapeutics said, "The Company has incurred annual
net operating losses since its inception.  Management believes that
the Company has access to capital resources through the sale of
equity and debt financing arrangements.  However, the Company has
not secured any commitments for new financing for this specific
purpose at this time.

"The Company does not expect to generate material revenue in the
near future from the sale of products and is subject to all of the
risks and uncertainties that are typically faced by biotechnology
companies that devote substantially all of their efforts to R&D and
clinical trials and do not yet have commercial products.  The
Company expects to continue incurring annual losses for the
foreseeable future.  The Company's existing liquidity is not
sufficient to fund its operations, anticipated capital
expenditures, working capital and other financing requirements
until the Company reaches significant revenues.  Until that time,
the Company will need to obtain additional equity and/or debt
financing, especially if the Company experiences downturns in its
business that are more severe or longer than anticipated, or if the
Company experiences significant increases in expense levels
resulting from being a publicly-traded company or from expansion of
operations.  If the Company attempts to obtain additional equity or
debt financing, the Company cannot assume that such financing will
be available to the Company on favorable terms, or at all.

"Because of recurring operating losses and operating cash flow
deficits, there is substantial doubt about the Company's ability to
continue as a going concern within one year from the date of this
filing.

"The COVID-19 situation, and related restrictions and lockdowns,
have adversely affected the Company's programs and may continue to
adversely affect them.  However, despite these difficulties, the
Company believes that it is still substantially on track with the
milestone timelines announced at the Annual Meeting.  Examples of
effects of the COVID-19 situation include the following: the
process for completion of the final data collection from trial
sites for the Phase 3 trial has been materially slowed by the
inability to perform in-person monitoring visits by the contract
research organization, by very limited availability of
investigators and staff at trial sites (many of whom have been
reassigned to treating COVID-19 patients), and substantially longer
timeframes for Institutional Review Board or Ethics Committee
meetings and regulatory processes for matters other than COVID-19.
The Company has been unable to undertake compassionate use cases
during part of March and during Q2, due to lockdowns, travel
restrictions and hospitals focusing most of their personnel and
resources on COVID-19 patients.  In addition, manufacturing of
DCVax products is impeded by personnel being under lockdown, and
the buildout of the Sawston facility has been delayed by the
construction sector shutdown and restrictions.  The Company
anticipates that such effects of the COVID-19 situation may
continue for an extended period of time.  However, the Company is
exploring possible ways of mitigating these effects, such as
employing double shifts for some of the Sawston facility
buildout."

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

                       https://is.gd/EU9UnN

Northwest Biotherapeutics, Inc., is focused on developing
personalized immunotherapy products to treat cancers in the United
States and Europe.  The Company has a broad platform technology for
DCVax dendritic cell-based vaccines.  The Company is headquartered
in Bethesda, Maryland.


NOVABAY PHARMACEUTICALS: Appoints CEO Justin Hall to Board
----------------------------------------------------------
NovaBay Pharmaceuticals, Inc. appoints President and CEO Justin
Hall to the Company's Board of Directors, effective Aug. 21, 2020.
Mr. Hall has been with NovaBay for seven years in various
capacities, and fills a vacancy on the Board following the
resignation of Xiaopei (Ray) Wang.  Board membership remains at
six, including three independent directors.

Mr. Hall will serve as a Class II director, and will stand for
reelection to a three-year term at the 2021 NovaBay annual meeting
of stockholders.

"Serving as chief executive for the past 18 months, Justin has
proven to be a highly capable leader who is well respected by the
NovaBay staff and business partners," said NovaBay Chairman of the
Board Paul E. Freiman.  "He successfully spearheaded a major shift
in U.S. commercial strategy to broaden sales of our flagship
product, Avenova, from prescription only to include the direct to
consumer channel.  Online unit sales have subsequently become an
increasing portion of our core business, with consumers continuing
to have access to our product during the COVID-19 pandemic without
interruption and without leaving their homes.

"He tapped our international health network early in the U.S.
pandemic for personal protective equipment when supply of these
important items was severely limited.  More recently, he led
efforts to secure funding and improve our capital structure,
providing our Company with financial security during these
uncertain times.  The board acknowledges his leadership and
welcomes his membership.  On behalf of the board, I would also like
to extend sincere thanks to Ray for his service over the past two
years," added Mr. Freiman.

"It's exciting to take this next step at NovaBay as we navigate the
pandemic while moving toward future growth," said Mr. Hall. "I see
significant opportunities ahead to build on our current business
with new products and expanded markets.  I have developed a close
working relationship with the board over my years with the Company,
and appreciate their confidence."

                         About Novabay

Headquartered in Emeryville, California, NovaBay Pharmaceuticals,
Inc. -- http://www.novabay.com-- is a biopharmaceutical company
focusing on commercializing and developing its non-antibiotic
anti-infective products to address the unmet therapeutic needs of
the global, topical anti-infective market with its two distinct
product categories: the NEUTROX family of products and the
AGANOCIDE compounds.  The Neutrox family of products includes
AVENOVA for the eye care market, CELLERX for the aesthetic
dermatology market, and NEUTROPHASE for wound care market.

Novabay reported a net loss and comprehensive loss of $9.66 million
for the year ended Dec. 31, 2019, compared to a net loss and
comprehensive loss of $6.54 million for the year ended Dec. 31,
2018.  As of June 30, 2020, the Company had $13.27 million in total
assets, $12.29 million in total liabilities, and $983,000 in total
stockholders' equity.

OUM & CO. LLP, in San Francisco, California, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated March 26, 2020 citing that the Company has experienced
operating losses for most of its history and expects expenses to
exceed revenues in 2020.  The Company also has recurring negative
cash flows from operations and an accumulated deficit.  All of
these matters raise substantial doubt about its ability to continue
as a going concern.


NUANCE ENERGY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Nuance Energy Group, Inc.
           DBA Nuance Energy Group
           DBA Agwell Solar
        1223 Wilshire Blvd., Suite 357
        Santa Monica, CA 90403

Business Description: Nuance Energy Group, Inc. --
                      https://nuanceenergy.com -- is a
                      manufacturer, solar developer, and licensed
                      solar contractor.  Nuance Energy delivers
                      turnkey solar design, engineering, and
                      construction services for select markets.

Chapter 11 Petition Date: August 25, 2020

Court: United States Bankruptcy Court
       Central District of California

Case No.: 20-17761

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Michael Jay Berger, Esq.
                  LAW OFFICES 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 Brian Carlyle Boguess, chief executive
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://www.pacermonitor.com/view/2OGABOA/Nuance_Energy_Group_Inc__cacbke-20-17761__0001.0.pdf?mcid=tGE4TAMA


OAK HOLDINGS: S&P Lowers ICR to 'B-' on Declining Demand
--------------------------------------------------------
S&P Global Ratings lowered its ratings on U.S.-based Oak Holdings
LLC, including its issuer credit rating, to 'B-' from 'B'.

The COVID-19 pandemic has significantly disrupted Oak's business by
reducing the demand for its products, which is pressuring its
credit measures and liquidity.  The near-term outlook for team
sports, and thus the demand for the company's uniforms and
dancewear, remains unfavorable. Oak's revenue declined by 65% and
its reported EBITDA was negative in the second quarter, which led
to total first half revenue and EBITDA declines of nearly 40% and
70%, respectively. However, S&P expects the company's performance
trends to improve in the back half of the year as many youth sports
leagues reopen in the U.S. (albeit with participation below normal
levels). S&P forecasts full-year 2020 revenue and EBITDA declines
(pro forma for a full year of Pacific Headwear, which the company
acquired in mid-2019) of more than 30% and 40%, respectively. In
addition, S&P estimates that Oak's leverage will spike above 10x in
2020 and its EBITDA interest coverage will be weak in the low-1x
area. S&P expects the company's performance to improve moderately
in 2021 as sports participation and the demand for uniforms
gradually rebound, leading the rating agency to forecast leverage
of about 8x and EBITDA interest coverage in the high-1x area. S&P
also expects Oak's free operating cash flow to remain positive this
year and next, which reduces the potential for a near-term
liquidity crisis.

Despite S&P's expectation for an improvement in the company's
credit measures in 2021, the negative outlook reflects the
refinancing risk related to the upcoming expiration of its revolver
given the considerable near-term uncertainty around team sports.
S&P assumes many school and recreational sports leagues will resume
in the fall but with lower rates of participation. However, the
demand for Oak's products is not entirely dependent on schools
returning to in-person classes because the majority of its sales
are tied to recreational rather than school sports. Nevertheless,
school sports are a material revenue source for the company and its
credit measures may be weaker than S&P currently expects if schools
are forced to shut down in-person classes and sports due to a
second wave of coronavirus infections. Over the longer term, S&P
believes participation in team sports will be strong, especially if
the coronavirus risk dissipates, though significant uncertainty
remains over the next two years.

S&P will likely lower its ratings on Oak if it cannot renew its
revolver before it becomes current in October.  Oak's revolver
expires at the end of October 2021. S&P's base-case expectation is
that the company will be able to renew its revolver on satisfactory
terms before it becomes current this year. However, there is risk
that it will be unable to do so because of its high leverage and
uncertain near-term outlook.

"Without access to the revolver, we believe the company's liquidity
would become constrained, eventually leading to a restructuring
event or bankruptcy filing. Therefore, we would likely lower our
rating by one or more notches if it does not renew the revolver
before it becomes current this October," S&P said.

The negative outlook reflects the possibility that S&P will lower
its ratings on Oak if the rating agency believes the company's
capital structure will become unsustainable or its liquidity will
become constrained.

"We could lower our rating if the company is unable to renew its
revolver on satisfactory terms before it becomes current in October
2020 or if a second wave of COVID infections leads to the
widespread cancellation of sports leagues such that Oak is unable
to improve its leverage and interest coverage in 2021," S&P said.

"We could revise our outlook on Oak to stable if it renews its
revolver on satisfactory terms and school and recreational sports
leagues resume such that we are confident the company will meet our
2021 projections, including leverage in the high-single-digit
percent area, EBITDA interest coverage in the mid- to high-1x area,
positive free cash flow, and adequate liquidity," the rating agency
said.


OBALON THERAPEUTICS: Recurring Losses Cast Going Concern Doubt
--------------------------------------------------------------
Obalon Therapeutics, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss and comprehensive loss of $4,188,000 on
$703,000 of revenues for the three months ended June 30, 2020,
compared to a net loss and comprehensive loss of $6,767,000 on
$386,000 of revenues for the same period in 2019.

At June 30, 2020, the Company had total assets of $13,873,000,
total liabilities of $6,695,000, and $7,178,000 in total
stockholders' equity.

The Company said, "Based on our cash balances and recurring losses
since inception, there is substantial doubt about our ability to
continue as a going concern Our ability to continue as a going
concern, and correspondingly to execute on our business plan and
strategy, is dependent upon our ability to accomplish one or more
of the following: raise additional capital in the very near term to
fund our ongoing operations or engage in a strategic alternative.
If we are not able to accomplish one or more of these goals in the
near term, there is a high likelihood we may need to sell all or
portions of our business, liquidate all or some of our assets or
seek bankruptcy protection, which could result in significant
decrease in value for all stakeholders."

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

                       https://is.gd/GejrgA

Obalon Therapeutics, Inc., is a vertically integrated medical
device-company focused on developing and commercializing innovative
medical devices to treat obese and overweight people by
facilitating weight loss.  The company is based in Carlsbad,
California.


OGGUSA INC: Seeks Approval to Tap Freed Maxick as Accountant
------------------------------------------------------------
OGGUSA, Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the Eastern District of Kentucky to employ
Freed Maxick CPAs, P.C. as their accountant.

The firm will provide these services:

     (a) Prepare Debtors' annual federal income tax and resident
state income tax returns for the tax year ending Dec. 31, 2019;

     (b) Assist Debtors in calculating estimated tax payments for
2020;

     (c) Assess the impact of tax return reform, new revenue
recognition standards and certain other regulatory requirements,
and advise Debtors as to whether any changes in accounting methods
may be required; and

     (d) Advise Debtors on issues which may arise concerning
various tax matters or general business matters.

     (e) Review and advise Debtors on their 2020 sales and use tax
returns.

The firm's hourly rates for the tax preparation services are as
follows:

     Director                       $420
     Principal                      $405
     Senior Manager/Manager    $175-$220
     Supervisor                $155-$160
     Senior Accountant         $135-$140
     Staff Accountant          $120-$125

Freed Maxick may consult with a tax specialist who is a partner in
the national tax practice of RSM US Alliance specializing in
mergers, acquisitions and bankruptcy.  The hourly rate to be
charged for the use of the RSM tax specialist will be $1,055 per
hour.

In addition, Freed Maxick will bill for all out-of-pocket expenses
incurred in connection with its engagement.

Timothy McPoland of Freed Maxick disclosed in court filings that
the firm is a "disinterested person" as defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:
   
     Timothy J. McPoland
     Freed Maxick CPAs, P.C.
     424 Main Street, Suite 800
     Buffalo, NY 14202
     Telephone: (716) 847-2651
     Facsimile: (716) 847-0069

                     About GenCanna Global USA

GenCanna Global USA, Inc. is a vertically-integrated producer of
hemp and hemp-derived CBD products with a focus on delivering
social, economic and environmental impact through seed-to-scale
agricultural production. Visit https://www.gencanna.com for more
information.

GenCanna Global USA was the subject of an involuntary Chapter 11
proceeding (Bankr. E.D. Ky. Case No. 20-50133) filed on Jan. 24,
2020. The involuntary petition was signed by alleged creditors
Pinnacle, Inc., Crawford Sales, Inc., and Integrity/Architecture,
PLLC.  

On Feb. 6, 2020, GenCanna Global USA consented to the involuntary
petition and on Feb. 5, 2020, two affiliates, GenCanna Global Inc.
and Hemp Kentucky LLC, filed their own voluntary Chapter 11
petitions.

Laura Day DelCotto, Esq., at DelCotto Law Group PLLC, represents
the petitioners.

Debtors have tapped Benesch Friedlander Coplan & Aronoff, LLP and
Dentons Bingham Greenebaum, LLP as legal counsel; Huron Consulting
Services, LLC as operational advisor; Jefferies, LLC as financial
advisor; and Freed Maxick CPAs, P.C. as accountant. Epiq is the
claims agent, which maintains the page
https://dm.epiq11.com/GenCanna

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on Feb. 18, 2020. The committee has tapped Foley &
Lardner LLP as its bankruptcy counsel, DelCotto Law Group PLLC as
local counsel, and GlassRatner Advisory & Capital Group, LLC as
financial advisor.


OLEUM EXPLORATION: Seeks to Hire James Law Firm as Texas Counsel
----------------------------------------------------------------
Oleum Exploration, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Pennsylvania to employ James Law
Firm, PLLC as special Texas counsel.

Debtor previously retained the law firm of Chamberlin Law &
Mediation as its Texas counsel but Larry Chamberlin, Esq., advised
Debtor that he could not fulfill the engagement.

James Law Firm will provide these legal services:

     (a) advise Debtor with respect to all transactional and
corporate matters arising under Texas law in connection with the
implementation and consummation of the bankruptcy plan; and

     (b) perform any other necessary legal services in connection
with Debtor's Chapter 11 case that are not duplicative of the
services provided by other bankruptcy professionals retained by
Debtor.

James Law Firm's hourly rates are as follows:

     Richard James        $315
     Joshua Dildake       $280
     Paralegals           $100
     Clerical Personnel    $50

Richard James, Esq., an attorney at James Law Firm, disclosed in
court filings that the firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Richard James, Esq.
     James Law Firm, PLLC
     1776 Woodstead Court, Suite 105
     The Woodlands, TX 77380
     Telephone: (832) 764-7885
     Facsimile: (713) 389-5756

                      About Oleum Exploration

Oleum Exploration, LLC, a production and exploration company
operating in Gulf Coast Basin, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 19-00664) on Feb.
16, 2019.  Scott Slater, Debtor's managing member, signed the
petition.  At the time of the filing, Debtor disclosed $2,164,154
in assets and $10,400,625 in liabilities.

Judge Robert N. Opel II oversees the case.  

Debtor has tapped Kurtzman Stead, LLC as its bankruptcy counsel,
and Gray Reed & McGraw LLP and James Law Firm, P.L.L.C. as special
counsel.


ONCOSEC MEDICAL: Posts $9.9-Mil. Net Loss for the April 30 Quarter
------------------------------------------------------------------
OncoSec Medical Incorporated filed its quarterly report on Form
10-Q, disclosing a net loss of $9,888,181 on $0 of revenue for the
three months ended April 30, 2020, compared to a net loss of
$6,883,101 on $0 of revenue for the same period in 2019.

At April 30, 2020, the Company had total assets of $39,139,410,
total liabilities of $17,435,552, and $21,703,858 in total
stockholders' equity.

OncoSec Medical said, "The Company has sustained losses in all
reporting periods since inception, with an inception-to date-loss
of $197.6 million as of April 30, 2020.  These losses are expected
to continue for an extended period of time.  Further, the Company
has never generated any cash from its operations and does not
expect to generate such cash in the near term.  The aforementioned
factors raise substantial doubt about the Company's ability to
continue as a going concern within one year from the issuance date
of the condensed consolidated financial statements."

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

                       https://is.gd/OpAPHn

OncoSec Medical Incorporated, a biotechnology company, focuses on
the development of cytokine-based intratumoral immunotherapies to
stimulate the body's immune system to target and attack cancer.
The Company was formerly known as NetVentory Solutions Inc. and
changed its name to OncoSec Medical Incorporated in March 2011.
OncoSec Medical Incorporated was incorporated in 2008 and is
headquartered in Pennington, New Jersey.


ONEWEB GLOBAL: Plan Sponsor to Provide Funding
----------------------------------------------
OneWeb Global Limited and its affiliates filed a Joint Chapter 11
Plan on July 17, 2020.

The Plan identifies the Plan Sponsor as BidCo 100 Limited.

On the Effective Date, the Plan Sponsor shall be issued one hundred
100% of the New Equity Interests in Reorganized Company Party in
exchange for the consideration set forth in the Plan and the
holders of Allowed Secured Notes Claims shall receive in exchange
for their claims the BidCo Equity Consideration.  

The Plan Sponsor will, among other things, fund a "Wind-Down
Reserve" of $3 million allocated to the winding down of the
Liquidating Debtors.

Class 4 consists of all General Unsecured Claims.  Each holder
thereof, in exchange for full and final satisfaction shall receive
its pro rata share of the General Unsecured Claim Distribution.
Each holder of an Allowed General Unsecured Claim that votes to
accept the Plan shall receive an Avoidance Action Release.

Class 9 consists of all OneWeb Interests. On the Effective Date,
all OneWeb Interests shall be deemed cancelled and extinguished and
shall be of no further force and effect, whether surrendered for
cancellation or otherwise, and there shall be no distributions
under the Plan to the holders of OneWeb Interests on account of
such Interests.

Prior to the Effective Date, Plan Sponsor will be capitalized with
cash and commitments sufficient to satisfy the Additional Cash Plan
Funding. The Reorganized Debtors shall fund distributions under the
Plan from the proceeds of the (1) DIP Facility including Interim
Funding, (2) Cash Consideration, (3) Additional Cash Plan Funding
and (4) BidCo Equity Consideration.

On the Effective Date, the Plan Sponsor shall pay the Cash
Consideration to the Debtors by wire transfer of immediately
available funds to an account or accounts designated in writing by
the Debtors before the Effective Date. The Cash Consideration shall
be used to pay allowed DIP Claims as well as other claims to be
satisfied in cash hereunder. For the avoidance of doubt, in the
event of a successful challenge by the Creditors’ Committee under
the Cash Collateral Order of the Secured Notes Claims rolled up
into Roll-Up Loans, the Cash Consideration provided for in the Plan
Support Agreement will not be reduced and shall be distributed in
accordance with the Bankruptcy Code and any applicable order of the
Court to holders of Allowed Claims to the extent necessary to
satisfy such Claims.

On and following the Effective Date, Plan Sponsor will provide the
Reorganized Debtors with the Additional Cash Plan Funding to fund,
as and when due: (i) all Cure Claims associated with the executory
contracts Plan Sponsor elects to have the Reorganized Debtors
assume; (ii) all Administrative Expense Claims, including the
Wind-Down Reserve; and (iii) the Reorganized Debtors’ business
going forward.

A full-text copy of the Plan dated July 17, 2020, is available at
https://tinyurl.com/y6ajbubp from PacerMonitor at no charge.

Counsel to the Plan Sponsor:

         WEIL, GOTSHAL & MANGES LLP
         767 Fifth Avenue
         New York, New York 10153
         Garrett A. Fail
         Gabriel A. Morgan
         Telephone: (212) 310-8000
         Facsimile: (212) 310-8007
         E-mail: Garrett.Fail@weil.com   
                 Gabriel.Morgan@weil.com

               - and -   

         CRAVATH, SWAINE & MOORE LLP
         Paul H. Zumbro  
         George E. Zobitz
         825 Eighth Avenue
         New York, New York 10019
         Telephone: (212) 474-1000
         Facsimile: (212) 474-3700
         E-mail: PZumbro@cravath.com    
                 JZobitz@cravath.com

Counsel to the Debtors:

         Dennis F. Dunne, Esq.
         Andrew M. Leblanc, Esq.
         Tyson M. Lomazow, Esq.
         Lauren C. Doyle, Esq.
         MILBANK LLP
         55 Hudson Yards
         New York, New York 10001
         Telephone: (212) 530-5000
         Facsimile: (212) 530-5219

                   About OneWeb Global Limited

Founded in 2012, OneWeb Global Limited is a global communications
company developing a low-Earth orbit satellite constellation system
and associated ground infrastructure, including terrestrial
gateways and end-user terminals, capable of delivering
communication services for use by consumers, businesses,
governmental entities, and institutions, including schools,
hospitals, and other end-users whether on the ground, in the air,
or at sea.  

OneWeb's business consists of the development of the OneWeb System,
which has included the development of small-next generation
satellites that have been mass-produced through a joint venture and
the development of specialized connections between the satellite
system and the internet and other communications networks through
the SNPs.  For more information, visit https://www.oneweb.world/

OneWeb Global Limited and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
20-22437) on March 27, 2020.  At the time of the filing, Debtors
disclosed assets of between $1 billion and $10 billion and
liabilities of the same range.


OWENS & MINOR: Moody's Alters Outlook on B3 CFR to Stable
---------------------------------------------------------
Moody's Investors Service affirmed the ratings of Owens & Minor
Inc., including the B3 Corporate Family Rating and the B3-PD
Probability of Default Rating. Moody's also affirmed the B3 rating
on the senior secured credit facilities and notes. Concurrently,
Moody's upgraded the Speculative Grade Liquidity Rating to SGL-3
from SGL-4, signifying adequate liquidity. The rating agency also
changed the outlook to stable from negative.

The affirmation of the CFR, stabilization of outlook and upgrade of
the SGL rating all reflect an improved liquidity outlook. Owens &
Minor completed the sale of its European logistics business,
Movianto, for $133 million, the proceeds from which will be applied
to debt reduction. The rating actions also reflect an improvement
in financial covenant headroom and a reduction in refinancing risk,
following the repayment of a portion of the 2021 maturities with
disposal proceeds and internally generated cash. The outlook for
cash flow is also improved due to strong demand for the company's
manufacturing business, which produces personal protective
equipment (PPE) used to prevent the transmission of coronavirus.
The profit margins of this business are higher than those in the
distribution business, which continues to face headwinds. Liquidity
remains constrained by high mandatory debt amortization of about
$50 million per year, and maturities in 2021 and 2022, but these
appear increasingly manageable.

Moody's took the following rating actions:

Owens & Minor, Inc.

Corporate Family Rating, affirmed at B3

Probability of Default Rating, affirmed at B3-PD

Senior Secured Notes due 2021, affirmed at B3 (LGD3)

Gtd. Senior Secured Notes due 2024, affirmed at B3 (LGD3)

Speculative Grade Liquidity Rating, upgraded to SGL-3 from SGL-4

Outlook action:

Owens & Minor, Inc.

The outlook was changed to stable from negative.

Owens & Minor Medical, Inc.

Revolving Credit Facility expiring 2022, affirmed at B3 (LGD3)

Secured Term Loan A-1 due 2022, affirmed at B3 (LGD3)

Secured Term Loan A-2 due 2022, affirmed at B3 (LGD3)

Gtd. Secured Term Loan B due 2025, affirmed at B3 (LGD3)

Outlook action:

Owens & Minor Medical, Inc.

The outlook was changed to stable from negative.

RATINGS RATIONALE

Owens & Minor's B3 CFR is constrained by the company's high
financial leverage, moderate scale in the highly competitive
medical distribution business and low margins overall despite an
increasing contribution from its profitable manufacturing
operations. The rating is also constrained by modest operating cash
flow relative to capital expenditures and mandatory debt
amortization. With evidence of a recent improvement in operating
performance, Moody's expects that adjusted debt to EBITDA will
remain high but improve to a range of 5.5x-6.0x over the next 12-18
months. With revenues of $8.4 billion in the twelve months to June
30, 2020, Owens & Minor competes against significantly larger
companies, such as Cardinal Health, Inc., which also has a more
diversified product offering. The ratings are supported by Moody's
view that the company will generate positive free cash flow and
will use most of its free cash flow to reduce debt.

The Speculative Grade Liquidity Rating of SGL-3 reflects the
company's adequate liquidity, including moderate headroom under its
financial covenants, moderately positive free cash flow after
required debt amortization and access to external credit
facilities. At June 30, 2020, Owens & Minor had unrestricted cash
of $101 million and $79 million of restricted cash that must be
applied toward debt repayment. The company's $179 million notes
must be repaid by June 2021 in order to avoid the springing
maturity on the term loan. In July 2022, the term loan ($207
million currently outstanding) matures and the revolving credit
facility expires.

The stable outlook reflects Moody's expectation that financial
leverage will gradually improve over the next 12 to 18 months as
the company further grows its manufacturing business, stabilizes
its core distribution business, and repays debt. Moody's forecasts
adjusted debt/EBITDA will remain high but will improve to a range
of 5.5x-6.0x over the next 12-18 months.

Owens & Minor has limited exposure to environmental risks. The
coronavirus pandemic, which Moody's considers as a social risk, has
materially affected Owens & Minor's performance by reducing demand
for surgical supplies as a result of a decline in hospital
procedures. However, this adverse impact has been mitigated by a
strong increase in demand for PPE that the company manufactures and
distributes. With respect to governance, Owens & Minor has had
several management changes within the last eighteen months and
therefore the current management team has a limited track record at
Owens & Minor. Under the prior management team, the company pursued
several leveraging acquisitions, had missed its own financial
guidance, reduced its dividend, and implemented a restructuring of
the business. Under the new management team, there is early
evidence of a stabilization of the business and improvement in
governance.

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

The ratings could be upgraded if the company demonstrates organic
revenue growth and margin improvement, consistently generates
positive free cash flows and further reduces leverage.
Specifically, if adjusted debt/EBITDA is expected to be sustained
below 5.5x, Moody's could upgrade the ratings.

The ratings could be downgraded if liquidity deteriorates from
current levels, if the company experiences further margin pressure,
or if cash flow weakens. Specifically, if adjusted debt/EBITDA is
sustained above 6.5x Moody's could downgrade the ratings.

Owens & Minor, headquartered in Mechanicsville, VA, is a nationwide
provider of distribution and logistics services to the healthcare
industry and a European provider of logistics services to
pharmaceutical, life-science, and medical-device manufacturers.
Owens & Minor also manufactures medical supplies. In the twelve
months to June 30, 2020, Owens & Minor had revenue of $8.4
billion.

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


PETROTEQ ENERGY: Posts $1.11-Mil. Net Loss for Quarter Ended May 31
-------------------------------------------------------------------
Petroteq Energy Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss and comprehensive loss of $1,113,978 on
$125,768 of revenues for the three months ended May 31, 2020,
compared to a net loss and comprehensive loss of $4,500,179 on
$38,088 of revenues for the same period in 2019.

At May 31, 2020, the Company had total assets of $75,005,450, total
liabilities of $19,172,975, and $55,832,475 in total shareholders'
equity.

The Company disclosed that there is substantial doubt about its
ability to continue as a going concern.

The Company said, "At May 31, 2020, we had not yet achieved
profitable operations, had accumulated losses of ($85,794,169)
since our inception and a working capital deficit of ($12,666,896),
and expect to incur further losses in the development of our
business, all of which casts substantial doubt about our ability to
continue as a going concern.  We have incurred net losses for the
past four years.  The opinion of our independent registered
accounting firm on our audited financial statements for the years
ended August 31, 2019 and 2018 draws attention to our notes to the
financial statements, which describes certain material
uncertainties regarding our ability to continue as a going concern.
Our ability to continue as a going concern is dependent upon our
ability to generate future profitable operations and/or to obtain
the necessary financing to meet our obligations and repay our
liabilities arising from normal business operations when they come
due.  Management's plan to address our ability to continue as a
going concern includes (1) obtaining debt or equity funding from
private placement or institutional sources, (2) obtaining loans
from financial institutions, where possible, or (3) participating
in joint venture transactions with third parties.  Although
management believes that it will be able to obtain the necessary
funding to allow us to remain a going concern through the methods
discussed, there can be no assurances that such methods will prove
successful."

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

                       https://is.gd/6nor93

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



PG&E CORP:Sued by Residents & Companies Weeks After Bankruptcy Exit
-------------------------------------------------------------------
Kavya Balaraman, writing for Utility Dive, reports that PG&E
Corporation was sued by Northern California companies and residents
for damages caused by the October 2019 Kincade Fire, a week after
the utility emerged from a bankruptcy caused by a series of earlier
wildfires.

State investigators have not determined the cause of the Kincade
Fire, but PG&E -- which settled its previous wildfire liabilities
and exited Chapter 11 bankruptcy earlier this month -- has stated
that it could face a $600 million loss related to the blaze.

The implications for PG&E will depend on the extent of damages
plaintiffs are seeking, which isn't specified in the lawsuit,
according to Steven Weissman, a lecturer at the Goldman School of
Public Policy, University of California, Berkeley.  "If it's just a
few million dollars, then a company the size of PG&E can probably
work its way around that. If it's a multi-billion dollar suit, then
it's a very different story," he said.

                           Dive Insight

PG&E emerged from Chapter 11 bankruptcy July 1, after committing to
a $25.5 billion payout to resolve liabilities stemming from a
series of wildfires caused by its power lines between 2015 and
2018. But experts have noted that it still faces the risk of
catastrophic wildfires in its service territory.

The Kincade Fire occurred in October 2019, ten months after the
company filed for bankruptcy. The fire burned roughly 78,000 acres
and nearly 200,000 people had to be evacuated during the blaze,
according to the complaint. The California Department of Forestry
and Fire Protection (CAL FIRE) has not yet made a determination on
the cause of the fire, but PG&E in a May filing with the U.S.
Securities and Exchange Commission noted that it's "reasonably
possible" it will incur a loss related to it.

"[T]here are a significant number of victims whose lives were
horribly impacted by the Kincade Fire and this is the only way we
have to get them full, fair and reasonable compensation," Jack
Weaver, partner at Welty Weaver & Currie, told Utility Dive, adding
that the attorneys were not able to bring a lawsuit against the
utility until it came out of bankruptcy.

"I live in this community, I care about this community and I've
seen first hand the devastation that the Kincade Fire brought,"
Weaver said.

The complaint, filed July 8 with a California county court, accused
PG&E of failing to address safety hazards on its system and
adopting a "run to failure" approach with its infrastructure. The
plaintiffs also alleged that PG&E has prioritized corporate profits
and compensation over maintaining its system.

"This pattern and practice of favoring profits over having a solid
and well-maintained infrastructure that would be safe and
dependable for years to come left PG&E vulnerable to an increased
risk of a catastrophic event such as the Kincade Fire," the
complaint states.

"This is a continuation of the absolute lack of preparation and
care exhibited by PG&E, and we hope that now that they're out of
bankruptcy and back in business, they'll pay more attention to
protecting communities from these fires," Stephen Murray, an
attorney with Murray Law Firm, which is part of the lawsuit, told
Utility Dive.

In an emailed statement, PG&E spokesperson Deanna Contreras noted
that CAL FIRE has not yet determined the cause of the Kincade Fire
and PG&E has not been able to review the evidence collected by the
agency.

"At PG&E, we remain focused on reducing wildfire risk across our
service area while also limiting the scope and duration of Public
Safety Power Shutoffs that may occur this wildfire season," she
added.

Weaver noted that if PG&E is found liable for the Kincade Fire, it
would have access to the $21 billion wildfire insurance fund
created by California lawmakers in 2019, as a safety net for them
to be able to have financial remuneration available for the
victims.

However, there are restrictions to that access, according to
Weissman — for instance, PG&E might not be able to draw from the
pool before CAL FIRE officially determines that it triggered the
Kincade Fire. Moreover, he added, PG&E would have to reimburse the
fund any money that reflects "unreasonable conduct" on their part,
as determined by the California Public Utilities Commission.

So hypothetically, "if PG&E had to face a billion dollar liability
and if the PUC concluded that the company was unreasonable, and it
has to reimburse the pool, that would probably be a very difficult
thing for PG&E to do under its current financial circumstances,"
Weissman said.

                     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, as special regulatory counsel. Munger Tolles & Olson
LLP, as 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.


PHYTO-PLUS INC: Sept. 2 Plan Confirmation Hearing Set
-----------------------------------------------------
Phyto−Plus, Inc. filed with the U.S. Bankruptcy Court for the
Middle District of Florida, Tampa Division, a Disclosure
Statement.

On July 16, 2020, Judge Michael G. Williamson conditionally
approved the Disclosure Statement and established the following
dates and deadlines:

   * Any written objections to the Disclosure Statement shall be
filed with the Court and served no later than seven (7) days prior
to the date of the hearing on confirmation.

   * Sept. 2, 2020 at 10:00 a.m. in Tampa, FL − Courtroom 8A, Sam
M. Gibbons United States Courthouse, 801 N. Florida Avenue is the
hearing on confirmation of the Plan, including timely filed
objections to confirmation.

   * Parties in interest will submit to the Clerk's office their
written ballot accepting or rejecting the Plan no later than eight
days before the date of the Confirmation Hearing.

   * Objections to confirmation will be filed with the Court and
served no later than seven days before the date of the Confirmation
Hearing.

   * The Plan Proponent shall file a ballot tabulation no later
than 96 hours prior to the time set for the Confirmation Hearing.

A copy of the order dated July 16, 2020, is available at
https://tinyurl.com/y469hvfu from PacerMonitor at no charge.

                        About Phyto-Plus
  
Phyto-Plus Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-10837) on Nov. 14,
2019.  At the time of the filing, the Debtor disclosed assets of
between $100,001 and $500,000  and liabilities of the same range.
Judge Michael G. Williamson oversees the case.  Buddy D. Ford,
P.A., is the Debtor's legal counsel.

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


PIERCE WILLIAMS: Seeks Approval to Hire Litigation Counsel
----------------------------------------------------------
Pierce Williams & Read, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of Kentucky to employ
Stephen Underwood, Esq., an attorney practicing in Hopkinsville,
Ky.

Debtor needs the attorney's legal assistance in a case styled CTB
Inc., d/b/a Brock Grain Systems vs. Pierce, Williams and Read (Case
Number 19-CI-00691).  The case was filed in the Christian Circuit
Court, Hopkinsville, Ky.

Mr. Underwood will be compensated at the rate of $195 per hour.  He
received the sum of $15,000 as a general retainer.

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

The attorney holds office at:
   
     Stephen E. Underwood, Esq.
     315 W. Ninth Street
     P.O. Box 999
     Hopkinsville, KY 42241-0999
     Telephone: (270) 885-5575

                   About Pierce Williams & Read

Pierce Williams & Read, Inc., a company based in Hopkinsville, Ky.,
filed a Chapter 11 petition (Bankr. W.D. Ky. Case No. 20-50128) on
March 9, 2020.  At the time of the filing, Debtor disclosed
$681,074 in assets and $2,460,395 in liabilities.  

Judge Alan C. Stout oversees the case.  

Debtor has tapped Jason E. Holland, Attorney at Law as its
bankruptcy counsel and Stephen E. Underwood, Esq., as its
litigation counsel.


PUGNACIOUS ENDEAVORS: S&P Rates $330MM Senior Secured Term Loan B-
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level rating and '3'
recovery rating to Pugnacious Endeavors Inc.'s $330 million
incremental senior secured term loan. The '3' recovery rating
indicates its expectation for meaningful recovery (50%-70%; rounded
estimate: 50%) of principal in the event of a payment default.

Pugnacious issued the incremental term loan, which is pari
passu--but not fungible--with its existing senior secured credit
facility, through its borrower subsidiary PUG LLC. The company will
use the proceeds from the term loan as excess cash to bolster its
liquidity amid the ongoing COVID-19 pandemic and the dramatically
negative effects of the cancelation and postponement of almost all
live events since mid-March 2020 on its business.

S&P's 'B-' issuer credit rating and negative outlook on Pugnacious
remain unchanged. While the incremental debt marginally increases
the company's debt burden and cash interest costs due to its high
interest rate (LIBOR plus 8%), S&P believes the additional
liquidity will support the company's ability to service its cash
needs during this period of almost no revenue. S&P's rating and
outlook continue to reflect the substantial risk that the
disruption to live events could persist and the company could face
additional operational challenges such that it is unable to
adequately manage its cost structure, cash flow, and liquidity,
ultimately leading to an unsustainable capital structure.

"We could lower our rating if we believe that Pugnacious will not
be able to maintain adequate liquidity to service its debt fixed
charges because of the pandemic's adverse effects on the live
events industry. Under this scenario, we would either expect a
payment default on its debt obligations or view its capital
structure as unsustainable over the long term," S&P said.

"We could revise our outlook on Pugnacious to stable once it is
able to resume staging live events such that it generates sustained
positive free operating cash flow, leading us to believe its
liquidity and payment default risk have dissipated," the rating
agency said.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P's simulated default scenario contemplates a payment default
occurring in 2022 due to a loss of revenue and market position
because of COVID-19, regulatory actions, competition from larger
primary ticketing peers, and an economic downturn combined with
delays in the integration of, and lower synergy realization from,
the StubHub acquisition.

-- S&P believes the company's lenders would pursue a
reorganization rather than a liquidation in a hypothetical default
due to StubHub's favorable brand reputation, technology-enabled
secondary ticket buying platform, and significant
customer-to-customer seller base.

-- Pugnacious' capital structure comprises a senior secured credit
facility that includes a $125 million revolving credit facility
maturing in 2025, a $1.7 billion term loan maturing in 2027, and a
EUR452 million term loan maturing in 2027. The company's $330
million pari passu incremental senior secured term loan matures in
2027.

-- PUG LLC, a direct subsidiary of Pugnacious Endeavors Inc., is
the borrower of the senior secured debt facilities. PUG and all of
its material domestic subsidiaries guarantee the secured debt. The
secured debt benefits from a lien on substantially all of the U.S.
assets of the borrower and guarantors (about 75% of our emergence
enterprise value) and 65% of the capital stock of each foreign
subsidiary.

-- Other default assumptions include an 85% draw on the revolving
credit facility, LIBOR is 2.5%, and all debt amounts include six
months of prepetition interest.

Simulated default assumptions

-- Simulated year of default: 2022

-- Emergence EBITDA: About $215 million

-- Implied enterprise value multiple: 6.5x

Simplified waterfall

-- Net enterprise value (after 5% administrative expenses): About
$1.3 billion

-- Total senior secured debt claims: About $2.7 billion

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


RYFIELD PROPERTIES: Taps Patrick Irwin Law Firm as Special Counsel
------------------------------------------------------------------
Ryfield Properties, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Washington to employ Patrick
Irwin Law Firm as special counsel.

Patrick Irwin Law Firm will render the following services:

     (a) Continue the pending litigation with Jason Rygaard who
managed Debtor's logging operations;

     (b) Commence litigation to facilitate the sale of Debtor's
real property located at 91 Marshall Road, Sequim, Wash.; and

     (c) Defend related adversary proceeding filed by Mr. Rygaard
and several other plaintiffs.

The entirety of the work will be performed by Patrick Irwin, Esq.,
at $275 per hour.  In addition, the firm will be reimbursed its
actual, out-of-pocket expenses.

Mr. Irwin disclosed in court filings that the firm is a
"disinterested person" within the meaning of Sections 101(14) and
327(a) of the Bankruptcy Code.

The firm can be reached through:
   
     Patrick Irwin, Esq.
     Patrick Irwin Law Firm
     106 North Laurel Street
     Port Angles, WA 98362
     Telephone: (360) 928-7117

                       About Ryfield Properties

Ryfield Properties, Inc., a privately held company in the quarrying
business, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Wash. Case No. 20-11360) on May 7, 2020.  Katy
Rygaard, a principal at Ryfield Properties, signed the petition.
At the time of the filing, Debtor was estimated to have $1 million
to $10 million in assets and liabilities.  

Judge Christopher M. Alston oversees the case.  

Debtor has tapped the Law Office of Faye C. Rasch as its bankruptcy
counsel and Patrick Irwin Law Firm as its special counsel.


SLIDEBELTS INC: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: SlideBelts, Inc.
        5272 Robert J Matthews Parkway
        El Dorado Hills CA 95762

Business Description: SlideBelts, Inc. -- https://slidebelts.com
                      -- is a belt company founded in 2004.

Chapter 11 Petition Date: August 25, 2020

Court: United States Bankruptcy Court
       Eastern District of California

Case No.: 20-24098

Judge: Hon. Ronald H. Sargis

Debtor's Counsel: Stephen Reynolds, Esq.
                  REYNOLDS LAW CORPORATION
                  424 Second Street, Suite A
                  Davis, CA 95616
                  Tel: 530 297 5030
                  Email: sreynolds@lr-law.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brig Taylor, president and CEO.

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://www.pacermonitor.com/view/FTF7MRI/SlideBelts_Inc__caebke-20-24098__0001.0.pdf?mcid=tGE4TAMA


SM-T.E.H. REALTY: Seeks to Tap Georgeadis Setley as Special Counsel
-------------------------------------------------------------------
SM-T.E.H. Realty 4, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Missouri to employ Georgeadis
Setley as special counsel.

Georgeadis Setley will render these legal services:

     (a) prepare and file or cause to be published any necessary
document or notice regarding the ongoing formation and operation of
Debtor and any changes thereto;

     (b) negotiate the sale of Debtor's asset and draft any and all
documentation necessary to effectuate same;

     (c) advise Debtor's bankruptcy attorney on the status of all
secured and priority claims and assist in the preparation of
bankruptcy schedules and statements;

     (d) advise Debtor with respect to matters in litigation
affecting its property;

     (e) assist Debtor and its bankruptcy attorney in the
formulation and presentation to creditors and parties-in-interest
of its Chapter 11 plan;

     (f) assist Debtor in the implementation of the plan;

     (g) assist the bankruptcy attorney in representing Debtor in
connection with avoidance actions filed under Chapter 5 of the
Bankruptcy Code; and

     (h) assist Debtor's bankruptcy attorney in objecting to
claims, when appropriate.

The hourly rate charged by the firm will not exceed $300 per hour.
In addition, the firm may charge for paralegal services at the rate
of $75 to $100 per hour.

Nicole Plank, Esq., at Georgeadis Setley, disclosed in court
filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Nicole Plank, Esq.
     Georgeadis Setley
     4 Park Plaza, 2nd Floor
     Wyomissing, PA 19610
     Telephone: (610) 898-9500
     Facsimile: (610) 898-0276

                      About SM-T.E.H. Realty 4

SM-T.E.H. Realty 4, LLC, is a single asset real estate (as defined
in 11 U.S.C. Section 101(51B)) whose principal assets are located
at 4015 Brittany Circle Bridgeton, Mo.

SM-T.E.H. Realty 4 sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mo. Case No. 20-42148) on April 21,
2020.  Michael Fein, Debtor's manager, signed the petition.  At the
time of the filing, Debtor was estimated to have $10 million to $50
million in both assets and liabilities.  

Judge Kathy A. Surratt-States oversees the case.  

Debtor has tapped Silver Lake Group, Ltd. as its bankruptcy counsel
and Georgeadis Setley as its special counsel.


SOUTHWEST WINNERS: S&P Rates 2020A-B Educational Revenue Bonds BB+
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' rating to the New Hope
Cultural Education Facilities Finance Corp., Texas' series 2020A
and series 2020B educational revenue bonds issued for Southwest
Winners Foundation Inc., doing business as Southwest Preparatory
School, a Texas not-for-profit corporation. The outlook is stable.

"We assessed Southwest Preparatory School's enterprise profile as
adequate, with a long 22-year operating history and history of
successful renewal for the maximum term, seasoned and effective
management with robust succession planning for key leadership, good
demand, expected enrollment near 1,000 students in the fall, and
solid student retention," said S&P Global Ratings analyst Mel
Brown. "Our view of the enterprise profile is tempered by weakness
in academic performance during the most recent test year and lack
of a meaningful waitlist across its campuses." S&P assessed
Southwest Prep's financial profile as adequate, with a revenue base
of $14 million, growing unrestricted reserves, and a low and
manageable debt burden, and solid pro forma lease-adjusted MADS
coverage."

The stable outlook reflects S&P's opinion that over its outlook
period, the rating agency expects Southwest Prep to maintain
financial metrics around current assessment levels, preserve its
market position and unrestricted days' cash on hand and improve
academics such that all campuses meet standards at the next state
testing assessment during the outlook.

While S&P views the financial profile as a strength for the credit,
there is some noise in the enterprise profile that presents risks
going forward as it relates to demand stability and academic
performance. The rating agency will continue monitoring these
features over the long term as management executes its operational
goals and navigates the new leadership transitions.


TEMPLAR ENERGY: Prepackaged Plan of Liquidation Confirmed by Judge
------------------------------------------------------------------
Judge Brendan L. Shannon has entered an order approving the
adequacy of the Disclosure Statement and confirming the Joint
Prepackaged Plan of Liquidation of Templar Energy LLC and its
Debtor Affiliates.

The Plan has been proposed in good faith and in compliance with
applicable provisions of the Bankruptcy Code and not by any means
forbidden by law, thus satisfying Section 1129(a)(3) of the
Bankruptcy Code.

As evidenced by the Disclosure Statement and at the Combined
Hearing, each holder of a Claim or Interest in each Impaired Class
has either accepted the Plan or will receive or retain under the
Plan property of a value, as of the Effective Date, that is not
less than the amount that such holder would receive or retain if
the Debtors liquidated under Chapter 7 of the Bankruptcy Code on
such date. Thus, the Plan satisfies section 1129(a)(7) of the
Bankruptcy Code.

A copy of the order dated July 17, 2020, is available at
https://tinyurl.com/yy2e7sq2 from PacerMonitor at no charge.

                     About Templar Energy

Templar Energy LLC and its affiliates, founded in 2012, are
independent exploration and production companies, with a core focus
on the development and acquisition of oil and natural gas reserves
in the Greater Anadarko Basin of Western Oklahoma and the Texas
Panhandle.

Templar Energy and its operating subsidiaries --
http://templar.energy/-- have acquired substantial assets in the
Mid-Continent region covering, as of the Petition Date,
approximately 273,400 net acres by directly leasing oil and gas
interests from mineral owners.

Templar Energy LLC and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Case No. 20-11441) on June 1, 2020.

Templar Energy was estimated to have $100 million to $500 million
in assets and $500 million to $1 billion in liabilities.

Guggenheim Securities, LLC is acting as the Company's investment
banker, Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as
legal counsel, and Alvarez & Marsal North America, LLC, is acting
as financial advisor.  Young Conaway Stargatt & Taylor, LLP, is
local co-counsel.  Kurtzman Carson Consultants LLC is claims agent,
maintaining the page http://www.kccllc.net/TemplarEnergy


TENSAR CORP: S&P Lowers ICR to 'CCC' on Higher Refinancing Risk
---------------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating on
Atlanta-based building products manufacturer The Tensar Corp. to
'CCC' from 'B-'.

S&P also lowered its rating on the company's $235 million
first-lien term loan ($212 million outstanding) to 'CCC+' from 'B'
and its second-lien term loan to 'CCC-' from 'CCC+'. The recovery
ratings are unchanged.

Tensar's debt matures within the next 12 months.  The downgrade
reflects S&P's view that given the maturity of Tensar's first-lien
term loan is now less than one year, the company is at a heightened
risk of refinancing its debt. Over the coming 12 months, the
company's $212 million (outstanding) first-lien term loan and its
$25 million asset-backed lending facility (ABL), $10 million
currently outstanding, both come due. The term loan comprises 70%
of the company's capital structure, the remaining 30% is made up of
a $78 million second-lien term loan due July 2022. Although the
company's results and infrastructure end markets have largely been
insulated from recessionary conditions to date, there is
uncertainty regarding infrastructure spending levels in 2021 given
reduced fuel tax collections in many states. This, combined with
potentially challenging capital market conditions following the
coronavirus outbreak could impede the company's ability to
refinance its debt. However, S&P would likely raise its ratings if
the company successfully completes its refinancing.

Tensar's performance continues to remain strong through the first
half of the year, despite operating headwinds caused by the
COVID-19 pandemic.   S&P views it unlikely the company would engage
in a distressed exchange or discount repurchase of its debt given
its improved operating performance through the first half of 2020.
The company's products provide development solutions tied to larger
infrastructure and commercial projects, which have been continuing
through the pandemic as this work is deemed essential. Although,
Tensar's backlog remains high, the pace of its projects has slowed
due to COVID-19-induced labor shortages, and general uncertainties
that have led to some project delays. Further, the company's
margins are subject to raw material cost volatility, particularly
in resins and diesel fuel, which account for 60% of manufacturing
costs. Currently resin prices and diesel costs are low, which
should help offset the effect of any sales decline. S&P expects the
company's overall performance to be flat to
low-single-digit-percent growth this year, resulting in sustained
leverage of 6x-7x.

"The negative outlook indicates we could lower the rating on
Tensar, potentially to that of a default, if it does not refinance
or extend its first-lien term loan prior to its maturity in July
2021. We could also lower the rating if the company's liquidity
position deteriorates or if the company undertakes any action we
consider to be a default, such as a debt restructuring or buyback
below par," S&P said.

"We could lower our rating on Tensar if the company does not
address its debt maturities and we believe a default, distressed
exchange, or discounted repurchase appears to be likely within six
months," the rating agency said.

S&P could revise its outlook to stable and raise the rating on
Tensar if the company refinances its upcoming maturities and puts
in place a sustainable capital structure, with debt leverage
remaining at 6x-7x.


THOMPSON NATIONAL: Disclosure Motion Hearing Continued to Sep. 24
-----------------------------------------------------------------
Judge Scott C. Clarkson has entered an order within which the
hearing on the motion to approve Disclosure Statement of debtor
Thompson National Properties, LLC, scheduled for Aug. 6, 2020, is
continued to Sept. 24, 2020, at 11:00 a.m.

The deadline for the Claimants to file an opposition to the Motion
shall be no later than 14 days prior to the Continued Hearing
Date.

A copy of the order dated July 17, 2020, is available at
https://tinyurl.com/y4a9lpbw from PacerMonitor.com at no charge.

Counsel for the Debtor:

         Leonard M. Shulman
         SHULMAN BASTIAN FRIEDMAN & BUI LLP
         100 Spectrum Center Drive, Suite 600
         Irvine, California 92618
         Telephone: (949) 340-3400
         Facsimile: (949) 340-3000
         E-mail: lshulman@shulmanbastian.com

               About Thompson National Properties

Thompson National Properties LLC -- http://www.tnpre.com/-- is a
real estate advisory company, specializing in acquisitions for high
net worth investors and their joint venture partners, along with
3rd party property management, asset management and receivership
advisory services.  Headquartered in Costa Mesa, California, TNP
was founded in April 2008 and has three regional offices.  As of
August 16, 2013, TNP manages a portfolio of 106 commercial
properties, in 24 states, totaling approximately 11.02 million
square feet, on behalf of over 6,000 investor/owners/lenders with
an overall purchase value of $1.2 billion.

TNP sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 19-13728) on Sept. 26, 2019.  The
petition was signed by Anthony W. Thompson, chief executive
officer.  At the time of filing, the Debtor had $983,766 in assets
and $12,990,235 in debts.  The case is assigned to Judge Scott C
Clarkson.  The Debtor is represented by Leonard M. Shulman, Esq.,
at Shulman Hodges & Bastian, LLP.


TREEHOUSE FOODS: Moody's Rates New $400MM Unsecured Notes 'B2'
--------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to $400 million
senior unsecured notes due 2028 being offered by TreeHouse Foods,
Inc. All other of the company's ratings, including its Ba3
Corporate Family Rating, Ba3-PD Probability of Default Rating, Ba2
senior secured debt, B2 senior unsecured debt, and SGL-2
Speculative Grade Liquidity rating are unaffected. The rating
outlook is stable.

Net proceeds from the eight-year notes will be used to fund the
redemption of the company's $376 million 4.875% senior notes due
2022 that are redeemable at 100% of principal amount after March
15, 2020. The remaining proceeds will supplement cash balances and
be used for general purposes. The proposed notes offering is not
contingent upon the repurchase of the existing $376 million senior
notes due 2022.

Moody's views the transaction as credit positive because it will
extend TreeHouse's debt maturity profile without materially
affecting cash interest cost. The company's ratings are not
affected because financial leverage and free cash flow are largely
unchanged.

Assignments:

Issuer: TreeHouse Foods, Inc.

Senior Unsecured Regular Bond/Debenture, Assigned B2 (LGD5)

RATINGS RATIONALE

TreeHouse Foods, Inc.'s credit profile (Ba3 stable) reflects its
leading position as the nation's largest private label food
manufacturer. The ratings are supported by the company's
significant scale and good diversification. These credit strengths
are balanced against execution risk related to ongoing
restructuring; potential further plant disruptions due to the
coronavirus pandemic; relatively high financial leverage; and raw
material price volatility.

As TreeHouse approaches the final stages of two major restructuring
programs, it is better positioned to generate stronger sales,
earnings and cash flow going forward. Partly due to the effects of
coronavirus related demand, Moody's expects that the company will
exceed most of its 2020 targets of 1%-2% organic sales growth,
operating profit margin expansion, greater than 10% earnings per
share growth and $300 million in cash flow (operating cash flow
minus capital expenditures). Beyond 2020, accelerating benefit from
restructuring programs will allow the company to sustain this
positive momentum through 2021.

The SGL-2 Speculative Grade Liquidity Rating reflects TreeHouse's
good liquidity, characterized by solid operating cash flows,
abundant availability under its $750 million senior secured
revolving credit facility expiring in February 2023 and over $300
million of cash balances. The company does not pay a dividend.

ESG CONSIDERATIONS

The rapid spread of the coronavirus outbreak, deteriorating global
economic outlook, low oil prices, and high asset price volatility
are creating an unprecedented credit shock across a range of
sectors and regions. Foodservice and other out-of-home sales, have
been negatively affected by the coronavirus pandemic. Moody's
regards the coronavirus outbreak as a social risk under its ESG
framework, given the substantial implications for public health and
safety.

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

The stable outlook reflects Moody's expectation that successful
completion of restructuring activities in 2020 will improve the
operating margin and facilitate further deleveraging.

A ratings upgrade could occur if current restructuring activities
are successfully executed, core operating performance remains
stable with improving profit margin, and debt/EBITDA is sustained
below 4.0x.

A ratings downgrade could occur if operating performance begins to
deteriorate significantly, financial policy becomes more
aggressive, debt/EBITDA exceeds 5.5x, or if liquidity deteriorates,
including if earnings cushion against bank covenants falls below
10%.

The principal methodology used in this rating was Consumer Packaged
Goods Methodology published in February 2020.

Headquartered in Oak Brook, Illinois, TreeHouse Foods, Inc. is a
leading private label food manufacturer servicing primarily retail
grocery and foodservice distribution channels. It sells products
within a wide array of food categories. Revenue for the twelve
months ending June 2020 was approximately $4.3 billion.



TREEHOUSE FOODS: S&P Alters Outlook to Stable, Affirms 'BB-' ICR
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' rating to U.S.-based
TreeHouse Foods Inc.'s proposed senior unsecured notes due 2028.
The recovery rating is '4', indicating S&P's expectations for
average (30%-50%: 30% rounded estimate) recovery in a payment
default. The rating agency will withdraw the ratings on the 4.875%
notes due 2022 after they are repaid.

S&P is affirming all of its ratings, including its 'BB-' issuer
credit rating, reflecting improved operating performance for 2020
as we expect the company to continue to experience heightened
demand from increased food-at-home consumption and an economic
downturn. Along with restored organic revenue growth, we expect
EBITDA to expand with lower restructuring costs.

The affirmation and outlook revision to stable reflects TreeHouse's
ability deleverage quicker than S&P's prior expectations. For the
12 months ended June 30, 2020, S&P estimates that debt leverage
declined to about 4.9x compared with just over 5.5x for the fiscal
year ended Dec. 31, 2019. The deleveraging reflects the company's
increased EBITDA from lower restructuring charges, higher sales,
and lower debt levels. S&P expects the company to continue to grow
organic revenues for the remainder of the year and EBITDA margin to
expand because of operating leverage and lower restructuring
charges. Since 2017, the company has incurred nearly $346 million
in restructuring costs, notably $167 million in 2018 and $105
million in 2019. Costs drop substantially in 2020 to $55 million-65
million. This should drive improvements in EBITDA and debt leverage
to support the current rating. S&P does not add back
COVID-19-related costs.

Demand for packaged food has increased substantially from the
pandemic and the resultant recession should support positive growth
trends for private label.  Since the pandemic began in mid-March,
demand in the packaged food industry has risen substantially due to
pantry loading and shelter-in-place orders. While economies have
opened up, demand levels remain elevated due to increased
consumption as consumers eat at home more often due to away from
home dining closures or restricted openings, and limited consumer
mobility. While the private-label industry lagged branded players
in growth because retailers were focused on keeping shelves
stocked, S&P expects private-label growth to accelerate as
retailers refocus on their longer-term strategies. S&P also expects
demand for private label to rise if a recession persists and
government stimulus dollars go away, resulting in a more stressed
consumer who will seek value. These trends bode well for TreeHouse
and should drive at least low- to mid-single-digit revenue growth.

Private-label trends are favorable, supporting further growth.  
Private-label market share gains in the U.S. have accelerated in
recent years, even during economic expansion, with the industry
expected to continue to grow in the low-single-digit percent area.
At under 20% of retail food sales in the U.S., there are still
opportunities in the industry for further share gains. In addition,
private-label products are attractive to retailers because they
often offer higher margins to the retailer than branded
alternatives. Increased focus by food retailers, growth of greater
innovations and premium products, and favorable demographic trends
should support further industry growth. Private-label has become
increasingly attractive to the growing and influential millennial
and Generation Z populations, which are less brand-loyal.

The company should generate good cash flows to support further debt
reduction.  TreeHouse has historically generated strong cash flow
from operations. However in 2018 and 2019, cash flows were
pressured by high restructuring costs. S&P expects the company to
sustain strong cash flows, which should improve with increased
focus on working capital improvements, especially inventory
management and extending payable days. S&P expects the company to
generate $250 million-$300 million in free cash flow in 2020 after
about $135 million in capital expenditures (capex). S&P expects the
company to continue to pay down debt in 2020 and 2021, and manage
debt leverage in the 3x-3.5x range (reported company leverage),
which the rating agency believes is around 4x-5x (S&P Global
Ratings-adjusted). The company does not pay a dividend and does not
regularly repurchase shares. S&P believes that the company will
seek tuck-in acquisitions.

The stable outlook reflects S&P's expectation that TreeHouse will
continue to deleverage and manage debt leverage below 5x. The
rating agency expects free operating cash flow (FOCF) of $250
million-$300 million in fiscal 2020 to support additional debt
repayment.

"We could raise the rating if the company improves its
profitability forgoes sizable share repurchases or acquisitions;
and applies excess cash flow to debt reduction, resulting in
leverage sustained below 4x. We believe this could occur with
sustained low-single-digit organic revenue growth and EBITDA margin
of at least 12%, from gaining market share and new customers," S&P
said.

"We could lower ratings if the company's operating performance
deteriorates substantially. We believe this could occur if the
company cannot meet customer demands due to supply chain
disruptions or it loses market share. Large, debt-financed
acquisitions or shareholder returns, could also result in debt
leverage sustained above 5x," the rating agency said.


UNIT CORPORATION: Seeks to Hire Grant Thornton as Auditor
---------------------------------------------------------
Unit Corporation and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to retain Grant
Thornton LLP as their auditor.

Debtors desire to retain Grant Thornton to continue to perform
various imperative auditing procedures.  The firm has provided
audit services to Debtors since April 13, 2020.

Debtors propose to compensate Grant Thornton under the following
fee structure:

     (a) Fees for the audit services for the period ended Dec. 31,
2020 will total $335,000;

     (b) Fees for the quarterly reviews will total $20,000 per
quarter;

     (c) The hourly rates for audit services will be $275 for
partner and $155 for employee; and

     (d) The hourly rates for restructuring services will be $375
for partner and $190 for employee.

In the 90 days prior to the petition filing, Debtors paid $25,000
in fees to Grant Thornton for pre-bankruptcy services rendered and
expenses incurred. As of the petition date, Debtors owed Grant
Thornton $17,845.24, and the firm agrees to waive those fees.

Brian Trimble, a partner at Grant Thornton, disclosed in court
filings that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Brian Trimble
     Grant Thornton LLP
     2431 E. 61st St., Suite 500
     Tulsa, OK 74136
     Telephone: (918) 877-0800
     Facsimile: (918) 877-0805

                       About Unit Corporation

Unit Corporation (NYSE- UNT) (OTC Pink- UNTCQ) is a Tulsa-based,
publicly held energy company engaged in oil and gas exploration,
production, contract drilling and natural gas gathering and
processing through its subsidiaries.  Visit http://www.unitcorp.com
for more information.

On May 22, 2020, Unit Corporation and five affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 20-32740) with a
pre-negotiated plan that reduces debt by $650 million.  Mark E.
Schell, senior vice president, signed the petitions. Debtors had
$2,090,052,000 in total assets and $1,034,417,000 in total debt as
of Dec. 31, 2019.

Judge David R. Jones oversees the cases.

Debtors have tapped Vinson & Elkins L.L.P. as legal advisor,
Evercore Group L.L.C. as investment banker, Opportune LLP as
restructuring advisor, and Grant Thornton LLP as auditor.  Prime
Clerk LLC is the claims agent, maintaining the page
https://cases.primeclerk.com/UnitCorporation

Weil, Gotshal & Manges, LLP and Greenhill & Co., LLC serve as legal
advisor and financial advisor, respectively, to an ad hoc group of
holders of subordinated notes.


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

     Debtor                                           Case No.
     ------                                           --------
     United Canvas & Sling, Inc.                      20-30781
        d/b/a UCS, Inc.
     511 Hoffman Road
     Lincolnton, NC 28092

     Schwartz Family Properties North Carolina, LLC   20-30782
     511 Hoffman Road
     Lincolnton, NC 28092

     Rounders Pit Foam, LLC                           20-30783
     511 Hoffman Road
     Lincolnton, NC 28092

Business Description:     United Canvas & Sling, Inc. manufactures
                          sporting and athletic goods, including
                          sports and fitness equipment.

Chapter 11 Petition Date: August 25, 2020

Court:                    United States Bankruptcy Court
                          Western District of North Carolina

Judge:                    Hon. Laura T. Beyer

Debtors' Counsel:         Andrew T. Houston, Esq.
                          MOON WRIGHT & HOUSTON, PLLC
                          121 West Trade Street
                          Suite 1950
                          Charlotte, NC 28202
                          Tel: 704-944-6560
                          Email: ahouston@mwhattorneys.com

Debtor's
Independent
Manager:                  ABTV RECEIVERSHIP SERVICES, LLC

United Canvas' Estimated Assets: $1 million to $10 million

United Canvas' Estimated Liabilities: $1 million to $10 million

Schwartz Family's Estimated Assets: $1 million to $10 million

Schwartz Family's Estimated Liabilities: $1 million to $10 million

Rounders Pit's Estimated Assets: $0 to $50,000

Rounders Pit's Estimated Liabilities: $0 to $50,000

The petitions were signed by John Fioretti, representative for
receiver.

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

https://www.pacermonitor.com/view/L5TIKHI/United_Canvas__Sling_Inc__ncwbke-20-30781__0001.0.pdf?mcid=tGE4TAMA

A copy of Schwartz Family's petition containing, among other items,
a list of the Debtor's three unsecured creditors is available for
free at PacerMonitor.com at:

https://www.pacermonitor.com/view/BE3WJFQ/Schwartz_Family_Properties_North__ncwbke-20-30782__0001.0.pdf?mcid=tGE4TAMA

A copy of Rounders Pit's petition containing, among other items, a
list of the Debtor's six unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/GI4AYQY/Rounders_Pit_Foam_LLC__ncwbke-20-30783__0001.0.pdf?mcid=tGE4TAMA


WANSDOWN PROPERTIES: Amended Chapter 11 Plan Confirmed by Judge
---------------------------------------------------------------
Judge Stuart M. Bernstein has entered findings of fact, conclusions
of law and order confirming the Second Amended Chapter 11 Plan of
Debtor Wansdown Properties Corporation N.V.

The Debtor has proposed the Plan in good faith and not by any means
forbidden by law, thereby satisfying Section 1129(a)(3) of the
Bankruptcy Code.  In determining that the Plan has been proposed in
good faith, the Court has examined the totality of the
circumstances surrounding the filing of the Chapter 11 Case and the
formulation of the Plan.

The Chapter 11 Case was filed with the purpose of reorganizing the
Debtor, and the Plan was the result of arms’-length negotiations
and reflect a settlement of the disputed issues between the Debtor
and its creditors.

The Liquidation Analysis contained in the Disclosure Statement
reflects, and the Court finds, that each holder of a claim or
interest in an impaired class will receive a distribution on
account of such claim or interest that is not less than such holder
would receive or retain if the Debtor was liquidated in a chapter 7
bankruptcy case. Thus, the Plan satisfies section 1129(a)(7) of the
Bankruptcy Code.

A copy of the order dated July 16, 2020, is available at
https://tinyurl.com/y48xthmx from PacerMonitor.com at no charge.

                 About Wansdown Properties

Wansdown Properties Corporation, N.V.'s primary asset is a
seven-story townhouse located at 29 Beekman Place, New York, New
York.  It was incorporated in 1979 under the laws of Curacao,in
accordance with Article 38 of the Commercial Code of the
Netherlands Antilles and continues to exist under the laws of the
Netherland Antilles.  Wansdown Properties was formed as a holding
company to own and manage the Property for an affluent individual
who deceased in January 2016.

Wansdown Properties Corporation sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-13223) on Oct.
8, 2019.  At the time of the filing, the Debtor was estimated to
have assets of between $10 million and $50 million and liabilities
of the same range.  The case is assigned to Judge Stuart M.
Bernstein.

Counsel for the Debtor:

     Paul A. Rubin
     Hanh V. Huynh
     RUBIN LLC
     345 Seventh Avenue, 21st Floor
     New York, New York 10001
     Tel: 212.390.8054
     Fax: 212.390.8064
     E-mail: prubin@rubinlawllc.com
             hhuynh@rubinlawllc.com


WASHINGTON PRIME: S&P Lowers ICR to 'CCC'; Outlook Negative
-----------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Washington
Prime Group Inc. (WPG) to 'CCC' from 'CCC+'.

At the same time, S&P is lowering its issue-level rating on the
company's unsecured debt to 'CCC-' from 'B-' and its rating on the
company's preferred stock to 'C' from 'CC'. In addition, S&P is
revising its recovery rating on WPG's unsecured debt to '5' from
'2' reflecting lower recovery prospects following amendments to the
credit facilities that provide temporary collateral in the form of
stock pledges and first lien interests in 50% of a previously
unencumbered group of properties.

"We believe WPG will likely violate its financial covenants unless
its rent collection and EBITDA generation materially improve from
second quarter and stabilize over the next few quarters," S&P said.


On Aug. 13, 2020, the company amended its credit facilities to
waive its compliance with the total and unsecured leverage
covenants for the second and third quarters of 2020 and raise the
thresholds for subsequent quarters. It also eliminated the minimum
combined equity valuation covenant and modified its other covenants
over the next year (June 30, 2020-June 30, 2021) so that its annual
EBITDA will be calculated on a building annualized basis starting
with the quarter ending Dec. 31, 2020, through June 30, 2021 (when
it will return to a trailing-12-month basis) because it anticipates
that the second and third quarters of 2020 could be its worst from
an EBITDA collection standpoint.

"While we view this as somewhat positive given the company's
technical non-compliance during the second quarter amid material
declines in its cash flow due to COVID-19 associated rent
deferrals, we believe its future covenant compliance remains highly
dependent on favorable business conditions, which we are unsure
will occur," S&P said.

Moreover, the agreement comes with a step up in pricing and the
temporary pledging of assets (which represent 50% of its previously
unencumbered NOI) as collateral, which will materially reduce the
company's financial flexibility over the next year. Lastly, it
includes a new minimum liquidity covenant during the covenant
modification period that requires WPG to maintain $65 million of
unrestricted cash and cash equivalents at all times and will be
tested monthly. As of June 30, 2020, the company had $144 million
of cash on hand.

WPG's mall portfolio is facing a continued secular decline,
which--when coupled with the retail headwinds stemming from
COVID-19 and the related recession--has severely reduced the
viability of its business.  As S&P anticipated, the coronavirus
pandemic has accelerated the headwinds the company was already
facing and sharply weakened its operating performance by leading it
to offer material rent deferrals, concessions, and write-offs for
its retail tenants. WPG only collected 44% of its contractual rents
in the second quarter, including approximately 38% from enclosed
assets and approximately 61% from open-air assets. The company has
agreed to or is currently negotiating with the tenants responsible
for 30% of its remaining 56% of unpaid second-quarter rent on
deferral agreements or payments, and had already deemed the
remaining 26% uncollectible due to bankruptcies and lease
modifications. This uncollectible revenue severely affected the
company's second-quarter same-property revenue growth, which
declined by 44.6% (without factoring in the performance of tier-2
and non-core malls) as it reported negative re-leasing spreads even
for open-air properties.

Provided there is no second wave of coronavirus cases that leads
states and municipalities to revert to more-stringent lockdown
measures (which has already occurred in California to a certain
extent), S&P expects the second quarter of 2020 to be the low point
for WPG's cash rent collection. The company's rent collections
trended upward in July because the majority of its properties are
now open (although its traffic and sales performance remains
uncertain). Moreover, the pace of bankruptcies accelerated
materially this quarter and included a number of mall tenants, such
as J.C. Penney, Ascena, Tailored Brands, Lucky Brand, True
Religion, J.Crew, Brooks Brothers, and others.

"We expect continued store closures and rationalizations, which we
believe could disproportionately effect weaker-quality malls as
retailers choose to retain their more-productive locations.
Therefore, we expect that continued retail disruption over the next
several quarters, and potentially years, will lead to additional
write-offs, causing the company to report persistently negative
re-leasing spreads and triggering the co-tenancy clauses although
some of these have been eliminated with the restructuring of its
rent deferral leases," S&P said.

S&P believes the holiday season will be crucial for many struggling
retailers and it is uncertain if their sales will be strong enough
to overcome the unprecedented hurdles they are currently facing,
such as continued capacity restraints, the more widespread adaption
of e-commerce, and consumer wariness about returning to in-store
shopping. This could negatively affect their ability to pay
deferred rent (the majority of which is owed starting in the
beginning of 2021). If current circumstances persist and retailers
remain reluctant or unable to pay their rent over the next several
months--and/or bankruptcies further accelerate perhaps due to a
weaker-than-normal holiday season or the reinstatement of some
lockdown measures—S&P anticipates WPG could violate its covenants
in the next 12 months (especially when its leverage covenants are
reinstated beginning in the fourth quarter).

S&P views the company's capital structure as unsustainable over the
longer term.  It remains highly uncertain how the company will
finance its upcoming debt obligations. These include the $647
million currently outstanding on its unsecured credit facility due
Dec. 30, 2021 (excluding extension options), the $690 million
outstanding across its three term loans due between December 2022
and January 2023, and the $720.9 million currently outstanding on
its unsecured notes due 2024.

S&P thinks it could be difficult for WPG to refinance its debt
because the rating agency expects the headwinds stemming from the
pandemic and related recession to persist beyond the next few
months and materially affect the company's business prospects and
credit protection measures.

Currently, S&P is uncertain that WPG will be able to materially
recover its EBITDA generation such that its capital structure would
be sustainable over the longer term given the pandemic's effect on
the retail industry. Instead, S&P believes the company is dependent
upon favorable business, financial, and economic conditions to meet
its obligations. The rating agency believes WPG could explore a
debt restructuring if it is unable to turn around its operations.

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

-- Health and safety

"The negative outlook on WPG reflects our expectation that
continued significant EBITDA declines could lead to a potential
covenant breach in the next 12 months despite the recent
amendments, which provide more cushion. We view the company's
capital structure as unsustainable given its operating challenges
due to the material acceleration in retail bankruptcies," S&P
said.

"We expect WPG's operating performance to be challenged by the
retail disruption stemming from the pandemic for at least the next
several quarters. In particular, we view the company as dependent
on a favorable holiday retail season to ensure the collectability
of its rent deferrals and negate the effects of additional retail
fallout and disruption. We believe the company's path to
stabilizing its EBITDA generation is onerous," the rating agency
said.

S&P could lower its ratings on WPG if:

-- Its operating metrics, including its rent collection and write
offs, deteriorate materially such that S&P believes a covenant
breach is inevitable. S&P believes this could occur if there is a
second wave of mandated store closures or retail sales do not pick
up toward the back half of the year, leading to a large number of
uncollectible revenue assessments and the impairment of asset
valuations; and

-- S&P believes the company is considering a debt restructuring
that it would view as distressed.

While unlikely in the next year, S&P could consider revising its
outlook on WPG to stable if:

-- The disruption in the retail industry abates quicker than
anticipated such that its EBITDA stabilizes over the next quarter
or two, leading to much greater headroom under its leverage
covenants and reducing the risk that the company will consider a
distressed exchange. At this time, S&P would also need to see
evidence that the level of bankruptcies and liquidations among its
tenants is manageable and its operating metrics are on a path to
recovery; and

-- S&P would also need more clarity around the company's debt
refinancing prospects.


WOOD PROTECTION: Seeks Court Approval to Hire Bankruptcy Attorney
-----------------------------------------------------------------
Wood Protection Technologies, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Warren
Katz, Esq., an attorney practicing in Chicago, to handle its
Chapter 11 case.

Mr. Katz will provide these legal services:

     (a) advise Debtor with respect to its powers and duties;

     (b) assist Debtor in the preparation of a Chapter 11 plan of
reorganization;

     (d) file legal papers;

     (e) represent Debtor at the meeting of creditors and hearings
on confirmation of its Chapter 11 plan; and

     (f) represent Debtor in adversary proceedings and other
contested bankruptcy matters.

Mr. Katz will be compensated at his hourly rate of $350.

Debtor paid a pre-bankruptcy retainer to Mr. Katz in the amount of
$3,717, of which $2,000 was allocated for pre-bankruptcy legal
fees.  The firm also used $1,717 of the amount to pay the filing
fee.

Mr. Katz, Esq., disclosed in court filings that he is a
"disinterested person" as defined in Section 101(14) of the
Bankruptcy Code.

The attorney holds office at:
   
     Warren Katz, Esq.
     2949 North Broadway, Unit 2
     Chicago, IL 60657
     Telephone: (949) 697-4111
     Email: wkatz@kentlaw.itt.edu
  
                About Wood Protection Technologies

Wood Protection Technologies, Inc., a company based in Escondido,
Calif., that is engaged in paint, coating and adhesive
manufacturing, sought Chapter 11 protection (Bankr. D. Colo. Case
No. 20-14273) on June 22, 2020.  Steven Plumb, Debtor's authorized
representative, signed the petition.  At the time of the filing,
Debtor disclosed total assets of $360,000 and total liabilities of
$1,837,195.  Judge Thomas B. McNamara oversees the case. Warren
Katz, Esq., is Debtor's legal counsel.


ZOHAR III: Dispute with Tilton et al. Not Amenable to Mediation
---------------------------------------------------------------
Chief Magistrate Judge Mary Pat Thynge recommended that the case
LYNN TILTON, et al., Appellants, v. ZOHAR III, CORP., et al.,
Appellees, C. A. No. 20-933-MN (D. Del.) be withdrawn from
mandatory referral for mediation and proceed through the appellate
process of the Court.

According to Judge Thynge, as a result of a screening process, the
issues involved in the case are not amenable to mediation and
mediation at this stage would not be a productive exercise, a
worthwhile use of judicial resources, nor warrant the expense of
the process.

A notice of appeal was filed with the Bankruptcy Court on July 9,
2020 and transmitted to the District Court on July 10, 2020.
Neither part expressed interest in mediation and advised that a
mediation process would not be useful in resolving the appeal.
Prior to litigating this matter in Bankruptcy Court, the parties
met and conferred regarding the scope of the requests and the
issues raised on appeal.

Lynn Tilton and the Patriarch Stakeholders took an appeal from the
Bankruptcy Court's September 27, 2019 Order in the Chapter 11 cases
of appellees, Zohar III, Corporation and certain affiliates.  The
Order granted the Debtors' motion to compel Ms. Tilton to continue
with a monetization process agreed to by the parties in accordance
with a settlement agreement approved by the Bankruptcy Court.  The
Settlement Agreement was intended to provide a 15-month breathing
spell from value-destructive litigation so that these adversarial
parties could work together to try to monetize certain companies
and maximize value for all stakeholders. Appellants contend that
upon expiration of the 15-month window, however, the Settlement
Agreement contemplated restoring the parties to the status quo ante
-- permitting litigation to resume and ending the monetization
process. The Bankruptcy Court disagreed, holding that "the
settlement agreement unambiguously provides for the continuation of
the [joint] monetization process following the expiration of the
15-month window."  In a July 13, 2020 decision, Delaware District
Judge Maryellen Noreika affirmed.  A copy of the July 13 decision
is available at https://bit.ly/3gzqpA7 from Leagle.com.

A copy of the Magistrate Judge's Recommendation is August 5, 2020
is available at https://bit.ly/3lm2CqY from Leagle.com.

                    About Zohar III Corp.

Zohar III, Corp., and its affiliates are investment funds
structured as collateralized loan obligations.  Zohar III et al.
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Del. Case Nos. 18-10512 to 18-10517) on March 11, 2018.  In the
petition signed by Lynn Tilton, director, the Debtors estimated $1
billion to $10 billion in assets and $500 million to $1 billion in
liabilities.  Young Conaway Stargatt & Taylor, LLP, is the Debtors'
bankruptcy counsel.  No official committee of unsecured creditors
has been appointed in the Chapter 11 cases.


[*] S&P Takes Various Rating Actions in Business Services Sector
----------------------------------------------------------------
S&P Global Ratings said operating performance for the U.S. business
services sector during the second-quarter 2020 has generally been
better-than-expected. The sector benefited from quick cost-cutting
measures and flexible cost structures that helped to cushion profit
margins and to preserve liquidity. Additionally, unprecedented
action by the Federal Reserve has benefited highly leveraged
issuers, providing liquidity and access to credit markets.
Improving business confidence will likely result in many companies
repaying a portion of their excess revolving credit facility
borrowing in 2020, or pursuing modest industry-consolidating
acquisitions. Under its base case, S&P expects industry credit
measures to rebound to pre-COVID levels by the end of 2021 as GDP
rebounds by 5.2%.

S&P acknowledges a high degree of uncertainty about the rate of
spread and peak of the coronavirus pandemic and the impact of the
current economic recession. As the situation evolves, S&P will
update its assumptions and estimates accordingly.

Operating performance has varied greatly by industry subsector.
Generally, worldwide social distancing sanctions and the economic
recession have sparked unprecedented operational disruptions or
revenue declines in business services companies with end-market
concentration in the travel, entertainment, traditional retailing,
and oil & gas end-markets. Revenue trends from many have stabilized
and in some cases shown gradual improvement through mid-August.
However, many of these companies are often struggling with cash
flow deficits, thin liquidity buffers, or an unsustainable capital
structure.

S&P took the following rating actions:

  Issuer                                  To           From

  GI Revelation Acquisition LLC       B-/Stable       B-/CW Neg
  KLDiscovery Inc.                    B-/Negative     B-/CW Neg
  LD Intermediate Holdings Inc.       B-/Negative     B-/CW Neg
  TriNet Group Inc.                   BB/Stable       BB/Negative
  ABB/Con-Cise Optical Group LLC      CCC+/Negative   CCC+/Stable
  CDK Global Inc.                     BB+/Negative    BB+/Negative
  SIRVA Inc.                          CCC+/CW Neg     B-/CW Neg
  STG-Fairway Holdings LLC            B-/Positive     B-/Negative
  (d/b/a First Advantage Corp.)
  STG-Fairway Acquisitions Inc.       B-/Positive     B-/Negative
  ABC Financial Intermediate LLC      B-/Negative     B-/CW Neg
  CoreCivic Inc.                      BB/Stable       BB/Negative

S&P plans to publish individual reports as soon as practicable.
Ratings removed from CreditWatch generally reflect the lower
probability of a rating action over the next several months.

"Outlook revisions to negative or positive reflect the possibility
of a downgrade or upgrade over the next 12 months. Downgrades
typically reflect operating or credit measures that are weaker than
expected, likely to deteriorate over the next year, or that have
very thin liquidity in the face of cash flow deficits," S&P said.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Z Edge of All Trades, LLC
   Bankr. D. Ariz. Case No. 20-09480
      Chapter 11 Petition filed August 19, 2020
         See
https://www.pacermonitor.com/view/CA2DAPY/Z_EDGE_OF_ALL_TRADES_LLC__azbke-20-09480__0001.0.pdf?mcid=tGE4TAMA
         represented by: Lawrence B. Slater, Esq.
                         LAWRENCE B. SLATER, PLLC
                         E-mail: lawrence@slater.net

In re OM Dev Inc.
   Bankr. S.D.N.Y. Case No. 20-22947
      Chapter 11 Petition filed August 19, 2020
         See
https://www.pacermonitor.com/view/Q3XLGDI/OM_DEV_Inc__nysbke-20-22947__0001.0.pdf?mcid=tGE4TAMA
         represented by: Anne Penachio, Esq.
                         PENACHIO MALARA, LLP
                         E-mail: frank@pmlawllp.com

In re Perry Farms, LLC
   Bankr. W.D.N.C. Case No. 20-50338
      Chapter 11 Petition filed August 19, 2020
         See
https://www.pacermonitor.com/view/ZM5JZRA/Perry_Farms_LLC__ncwbke-20-50338__0001.0.pdf?mcid=tGE4TAMA
         represented by: Samantha K. Brumbaugh, Esq.
                         IVEY, MCCLELLAN, GATTON & SIEGMUND, LLP
                         E-mail: skb@iveymcclellan.com

In re Inclusive Healthcare Group, LLC
   Bankr. S.D. Tex. Case No. 20-34199
      Chapter 11 Petition filed August 19, 2020
         See
https://www.pacermonitor.com/view/NJFPYCQ/Inclusive_Healthcare_Group_LLC__txsbke-20-34199__0001.0.pdf?mcid=tGE4TAMA
         represented by: Kevin S. Wiley, Sr., Esq.
                         THE WILEY LAW GROUP, PLLC
                         E-mail: kwiley@wileylawgroup.com

In re Kenneth M. Mims
   Bankr. N.D. Ga. Case No. 20-69137
      Chapter 11 Petition filed August 19, 2020
         represented by: Anna Humnicky, Esq.
                         SMALL HERRIN, LLP
                         E-mail: ahumnicky@smallherrin.com

In re James Patrick Doyle
   Bankr. D. Utah Case No. 20-25049
      Chapter 11 Petition filed August 19, 2020
         represented by: Jeremy Sink, Esq.

In re Christopher Alexander Todero
   Bankr. C.D. Cal. Case No. 20-12329
      Chapter 11 Petition filed August 19, 2020
         represented by: Anerio Altman, Esq.

In re John Paul Long, Jr.
   Bankr. N.D. Okla. Case No. 20-11346
      Chapter 11 Petition filed August 19, 2020
          represented by: Scott Kirtley, Esq.
                          Karen C. Walsh, Esq.
                          RIGGS, ABNEY, NEAL, TURPEN, ORBISON &
                          LEWIS

In re 211, LLC
   Bankr. S.D. Fla. Case No. 20-18952
      Chapter 11 Petition filed August 20, 2020
         See
https://www.pacermonitor.com/view/DD6R2XI/211_LLC__flsbke-20-18952__0001.0.pdf?mcid=tGE4TAMA
         represented by: Owei Z. Belleh, Esq.
                         THE BELLEH LAW GROUP, PLLC
                         E-mail: bankruptcy@bellehlaw.com

In re Hintons5, LLC
   Bankr. S.D.N.Y. Case No. 20-35871
      Chapter 11 Petition filed August 20, 2020
         See
https://www.pacermonitor.com/view/RXKEYXI/Hintons5_LLC__nysbke-20-35871__0001.0.pdf?mcid=tGE4TAMA
         represented by: Michelle L. Trier, Esq.
                         GENOVA & MALIN


In re K & K Technology Corp
   Bankr. N.D. Cal. Case No. 20-41366
      Chapter 11 Petition filed August 20, 2020
         See
https://www.pacermonitor.com/view/Q4VDENY/K__K_Technology_Corp__canbke-20-41366__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Gecko Parks, LLC
   Bankr. S.D. Fla. Case No. 20-18973
      Chapter 11 Petition filed August 20, 2020
         See
https://www.pacermonitor.com/view/Z73ULBI/Gecko_Parks_LLC__flsbke-20-18973__0001.0.pdf?mcid=tGE4TAMA
         represented by: Chad Van Horn, Esq.
                         VAN HORN LAW GROUP, P.A.
                         E-mail: chad@cvhlawgroup.com

In re Farber Ballet Inc.
   Bankr. E.D.N.Y. Case No. 20-43010
      Chapter 11 Petition filed August 20, 2020
         See
https://www.pacermonitor.com/view/VEQWCYY/Farber_Ballet_Inc__nyebke-20-43010__0001.0.pdf?mcid=tGE4TAMA
         represented by: David A. Feinerman, Esq.
                         DAVID A. FEINERMAN, ESQ
                         E-mail: esqdaf@aol.com

In re Lucky Teeth Pediatric Dentistry PLLC
   Bankr. E.D. Tex. Case No. 20-41794
      Chapter 11 Petition filed August 20, 2020
         See
https://www.pacermonitor.com/view/PTGDVAY/Lucky_Teeth_Pediatric_Dentistry__txebke-20-41794__0001.0.pdf?mcid=tGE4TAMA
         represented by: Joyce Lindauer, Esq.
                         JOYCE W. LINDAUER ATTORNEY, PLLC
                         E-mail: joyce@joycelindauer.com

In re Lester Partin
   Bankr. S.D. Ga. Case No. 20-60232
      Chapter 11 Petition filed August 20, 2020
         represented by: Michael J. Hall, Esq.

In re Ziad Masoud
   Bankr. E.D. Tex. Case No. 20-41795
      Chapter 11 Petition filed August 20, 2020
         represented by: Joyce Lindauer, Esq.

In re TJ Holdings, Inc.
   Bankr. D. Mass. Case No. 20-11732
      Chapter 11 Petition filed August 21, 2020
         See
https://www.pacermonitor.com/view/ACHNGRQ/TJ_Holdings_Inc__mabke-20-11732__0001.0.pdf?mcid=tGE4TAMA
         represented by: Peter M. Daigle, Esq.
                         DAIGLE LAW OFFICE
                         E-mail: pmdaigleesq@yahoo.com

In re Sub Alpine Mutual Beneficial Society
   Bankr. W.D. Pa. Case No. 20-22456
      Chapter 11 Petition filed August 21, 2020
         See
https://www.pacermonitor.com/view/BB3CYQQ/Sub_Alpine_Mutual_Beneficial_Society__pawbke-20-22456__0001.0.pdf?mcid=tGE4TAMA
         represented by: Michael S. Geisler, Esq.
                         MICHAEL S. GEISLER
                         E-mail: m.s.geisler@att.net

In re Upland Point Corporation
   Bankr. W.D. Wisc. Case No. 20-12186
      Chapter 11 Petition filed August 21, 2020
         See
https://www.pacermonitor.com/view/UBJJ2DA/Upland_Point_Corporation__wiwbke-20-12186__0001.0.pdf?mcid=tGE4TAMA
         represented by: Michelle A. Angell, Esq.
                         KREKELER STROTHER, S.C.
                         E-mail: mangell@ks-lawfirm.com

In re Pacific Watercraft Group Inc
   Bankr. W.D. Wash. Case No. 20-12192
      Chapter 11 Petition filed August 20, 2020
         See
https://www.pacermonitor.com/view/IWBBVUY/Pacific_Watercraft_Group_Inc__wawbke-20-12192__0001.0.pdf?mcid=tGE4TAMA
         represented by: John A. Sterbick, Esq.
                         STERBICK & ASSOCIATES, P.S.
                         E-mail: jsterbick@sterbick.com;
                                 LoreleiW@sterbick.com

In re Ironside Lubricants, LLC
   Bankr. S.D. Tex. Case No. 20-34223
      Chapter 11 Petition filed August 20, 2020
         See
https://www.pacermonitor.com/view/3LUMZKY/Ironside_Lubricants_LLC__txsbke-20-34223__0001.0.pdf?mcid=tGE4TAMA
         represented by: Leonard Simon, Esq.
                         PENDERGRAFT & SIMON LLP
                         E-mail: lsimon@pendergraftsimon.com

In re Kalpana Paidipally
   Bankr. D.N.J. Case No. 20-19803
      Chapter 11 Petition filed August 21, 2020
         represented by: David Stevens, Esq.

In re Everett Allen Lash and Yvonne Kay Lash
   Bankr. N.D. Tex. Case No. 20-50157
      Chapter 11 Petition filed August 21, 2020
         represented by: David Langston, Esq.

In re Brew Crew Transportation, LLC
   Bankr. W.D. Ark. Case No. 20-71846
      Chapter 11 Petition filed August 24, 2020
         See
https://www.pacermonitor.com/view/QECQWGY/Brew_Crew_Transportation_LLC__arwbke-20-71846__0001.0.pdf?mcid=tGE4TAMA
         represented by: Donald A. Brady, Jr., Esq.
                         BRADY & CONNER, PLLC
                         E-mail: don@fayettevillebankruptcy.com

In re Invision Logistics LLC
   Bankr. N.D. Ga. Case No. 20-69240
      Chapter 11 Petition filed August 22, 2020
         See
https://www.pacermonitor.com/view/JCOXIUY/INVISION_LOGISTICS_LLC__ganbke-20-69240__0001.0.pdf?mcid=tGE4TAMA
         represented by: Greg Bailey, Esq.
                         ATTY. GREG T. BAILEY & ASSOC
                         E-mail: attygregtbailey@msn.com

In re Rich Industries, Inc.
   Bankr. N.D. Ill. Case No. 20-16032
      Chapter 11 Petition filed August 23, 2020
         See
https://www.pacermonitor.com/view/NFPEEVY/Rich_Industries_Inc__ilnbke-20-16032__0001.0.pdf?mcid=tGE4TAMA
         represented by: Gregory K. Stern, Esq.
                         GREGORY K. STERN, P.C.
                         E-mail: greg@gregstern.com

In re Lori Ann DiFabio
   Bankr. E.D. Pa. Case No. 20-13445
      Chapter 11 Petition filed August 22, 2020
         represented by: Michael Siddons, Esq.

In re Harry Girard Lockwood
   Bankr. D.S.C. Case No. 20-03331
      Chapter 11 Petition filed August 24, 2020
         represented by: Allen Jeffcoat III, Esq.
                         JEFFCOAT LAW, LLC

In re Ayman Mohamed Salem
   Bankr. C.D. Cal. Case No. 20-17692
      Chapter 11 Petition filed August 24, 2020
         represented by: Nima Vokshori, Esq.

In re Jovanka Stevanovich
   Bankr. N.D. Ill. Case No. 20-16067
      Chapter 11 Petition filed August 24, 2020
         represented by: Tara Collins-Mong, Esq.

In re William F. Floyd, Jr.
   Bankr. E.D.N.C. Case No. 20-02904
      Chapter 11 Petition filed August 24, 2020
         represented by: Joseph Frost, Esq.
                         BUCKMILLER, BOYETTE & FROST, PLLC
                         E-mail: jfrost@bbflawfirm.com

In re Joseph W. Floyd, IV
   Bankr. E.D.N.C. Case No. 20-02905
      Chapter 11 Petition filed August 24, 2020
         represented by: Joseph Frost, Esq.
                         BUCKMILLER, BOYETTE & FROST, PLLC
                         E-mail: jfrost@bbflawfirm.com

In re Christine Stiles
   Bankr. E.D. Tex. Case No. 20-41814
      Chapter 11 Petition filed August 24, 2020
         represented by: Gregory Mitchell, Esq.

In re Tri-State Sports Entertainment, Inc.
   Bankr. N.D. Tex. Case No. 20-42675
      Chapter 11 Petition filed August 25, 2020
         See
https://www.pacermonitor.com/view/N4ZDTMI/Tri-State_Sports_Entertainment__txnbke-20-42675__0001.0.pdf?mcid=tGE4TAMA
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS
                         E-mail: eric@ealpc.com

In re Alpha Agricultural Builders Inc.
   Bankr. N.D. Ill. Case No. 20-81507
      Chapter 11 Petition filed August 25, 2020
         See
https://www.pacermonitor.com/view/XS6BZLY/Alpha_Agricultural_Builders_Inc__ilnbke-20-81507__0001.0.pdf?mcid=tGE4TAMA
         represented by: George P. Hampilos, Esq.
                         HAMPILOS & ASSOCIATES, LTD.
                         E-mail: george@hampiloslaw.com

In re Innovative Payroll Services, Inc.
   Bankr. S.D. Tex. Case No. 20-80221
      Chapter 11 Petition filed August 25, 2020
         See
https://www.pacermonitor.com/view/TNYM4NQ/Innovative_Payroll_Services_Inc__txsbke-20-80221__0001.0.pdf?mcid=tGE4TAMA
         represented by: John E. Smith, Esq.
                         JOHN E. SMITH & ASSOCIATES, P.C.
                         E-mail: john@johnesmithattorney.com

In re Alexx Brown, LLC
   Bankr. C.D. Cal. Case No. 20-17570
      Chapter 11 Petition filed August 19, 2020
         See
https://www.pacermonitor.com/view/ZOTDONA/Alexx_Brown_LLC__cacbke-20-17570__0001.0.pdf?mcid=tGE4TAMA
         represented by: Andrew Goodman, Esq.
                         GOODMAN LAW OFFICES, A PROFESSIONAL
                         CORPORATION
                         E-mail: agoodman@andyglaw.com

In re Mary F. Olson
   Bankr. W.D. Wash. Case No. 20-12224
      Chapter 11 Petition filed August 25, 2020


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

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