/raid1/www/Hosts/bankrupt/TCR_Public/200828.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, August 28, 2020, Vol. 24, No. 240

                            Headlines

1465V DONHILL: Seeks Approval to Hire Real Estate Broker
232 SEIGEL: Heritage Equity's Planned Hotel Files for Bankruptcy
ALASKA UROLOGICAL: Gets Court Approval to Hire Real Estate Broker
AMERICORE HOLDINGS: IRS Has Issues With Disclosure Statement
AMERITUBE LLC: Unsecureds Will Recover 7% Under Plan

ARCHDIOCESE OF SANTA FE: Receives $1M of CARES Funds
BEEBE RIVER: Gets Court Approval to Hire Realtor
BELLE INVESTMENTS: US Trustee Objects to Disclosure Statement
BJ SERVICES: Files for Chapter 11 Due to Downturn
BLUE WATER: Court Confirms Joanne Pollio's Plan

BOSCOV’S DEPT. STORE: Defers Federal Loan Payment
BRIGGS & STRATTON: Auction Okayed; Generac Still in Running
BRIGGS & STRATTON: KPS to Open Auction for Assets
BRIGGS & STRATTON: Severance Pay for Wauwatosa Workers OK'd
BRUIN E&P PARTNERS: Says Plan to Cut Debt by $840 Million

CALAIS REGIONAL: Taps Ankura Consulting to Conduct Asset Valuation
CALIFORNIA PIZZA: Porter, Gibson Represent First Lien Group
CALIFORNIA RESOURCES: Francisco Leon Promoted to CFO
CANCER GENETICS: Incurs $1.7 Million Net Loss in Second Quarter
CARBO CERAMICS: Emerges from Bankruptcy Under New Ownership

CHESAPEAKE ENERGY: Pennsylvania Ordered to Stop Oil Royalty Suit
CIBT GLOBAL: Moody's Lowers CFR to Caa2, Outlook Negative
CLEAN ENERGY: Enters Into Securities Purchase Agreement with LGH
COCO BEACH GOLF: TDF Entitled to Payment of Administrative Costs
COMCAR INDUSTRIES: Court Approves Bid to Nix Sale to Ex-Director

CONSOLIDATED LAND: KCP Wants Equity Investor Identified
CONSOLIDATED LAND: Red Lion Questions New Franchise Agreement
CONSOLIDATED LAND: Wells Fargo Says Plan Unconfirmable
DJJ ENTERPRISES: Court Confirms Reorganization Plan
DJL BUILDERS: Plan Confirmed; Unsecureds to Get 100% Over Time

DM WORLD: To Seek Plan Confirmation on Sept. 9
ECO-STIM ENERGY: Court Approves Disclosure Statement
EP ENERGY: Unsecureds Will Get Nothing in Plan
EVOKE PHARMA: Eversana Appoints Quesenberry as Gimoti CCO
FIRST FLORIDA: Seeks to Delay Mediation, Disclosure Deadlines

FORGE DRILLING: Voluntary Chapter 11 Case Summary
FRONTIER COMMUNICATIONS: Files Waiver Request With FCC
GENCANNA GLOBAL: Control of Company Heads to 6th Circuit Court
GENCANNA GLOBAL: MariMed Loses Round in Legal Fight
GENERAL MOTORS: Layoffs 1,000 Workers from Wentzville Plant

GNC HOLDINGS: Harbin's $760M Stalking-Horse Bid Okayed
GNC HOLDINGS: Has Dual-Track Plan Backed by Lenders
GNC HOLDINGS: Unsecured Creditors Oppose Quick Sale
GOODRICH QUALITY THEATERS: Purchased Out of Bankruptcy by NY Group
GRUPO AEROMEXICO: Secures $1 Billion of DIP Financing From Apollo

HAMPTON BAY: Court Approves Plan & Disclosure Statement
HANNAH SOLAR: Profits Use to Pay Claims in Plan
HELIUS MEDICAL: Philippe Deschamps Quits as President & CEO
INTERSTATE COMMODITIES: Case Summary & 20 Top Unsecured Creditors
J.C. PENNEY: Saved River Oaks Location from Announced Closure

JOHN VARVATOS: Unsecureds to Get At Least $2M in Lion Deal
KEHE DISTRIBUTORS: Moody's Raises CFR to Ba3, Outlook Stable
LA MERCED: Bankrụptcy Court Won't Halt Sale Amid Appeal
LATEX FOAM: SSG Served as Investment Banker in Sale to Artilat
LBD PLLC: Seeks to Hire General Counsel PC as Special Counsel

M.E. SMITH: Aug. 28 Evidentiary Hearing on 3rd Amended Plan
MARIMED INC: Loses Round in Legal Fight With GenCanna
MCGRATH TECHNICAL: Seeks to Hire Bielli & Klauder as Legal Counsel
METROPOLITAN PIER: Fitch Rates Series 2020B/C/D Bonds 'BB+'
MEXTEX OPERATING: Seeks to Hire Pulman Cappuccio as Legal Counsel

MOUNTAIN PROVINCE: Fitch Cuts IDR to CCC, Outlook Negative
MUSCLEPHARM CORP: Incurs $5.08 Million Net Loss in Q3 2019
NEIMAN MARCUS: Ares Faces New Suit Over Mytheresa Transfer
NEW YORK HOSPITALITY: Seeks Approval to Hire Bankruptcy Attorneys
NINE FAMILY: Voluntary Chapter 11 Case Summary

NOBLE CORP: Milbank, Jackson Represent Legal Noteholder Group
NUSTAR ENERGY: Moody's Lowers CFR to Ba3, Outlook Negative
ORANGE BLOSSOM CATERING: May Use Cash Collateral Thru Sept. 8
PATRIOT TRACTOR:  Seeks to Hire Holder Law as Legal Counsel
PG&E CORP: Power Lines Results to the 2019 California Fire

PYXUS INTERNATIONAL: Emerges from Chapter 11 Bankruptcy
ROBERT'S SEAFOOD: May Use Cash Collateral Thru Sept. 10
ROCHESTER DRUG: Court Junks Novartis and Merck Bids to Lift Stay
SCIENTIFIC GAMES: Adopts Change in Control Protection Plan
SK BLUE: Fitch Affirms 'B' LongTerm IDRs, Outlook Negative

SUPERIOR AMERIHOST: Voluntary Chapter 11 Case Summary
TEEWINOT LIFE: Case Summary & 20 Largest Unsecured Creditors
VERITY HEALTH: Gets Calif. Atty. General’s Nod to Sell St. Francis
WABASH NATIONAL: Moody's Lowers CFR to B1 & Unsec. Rating to B3
WADE PARK: Case Summary & 20 Largest Unsecured Creditors

WEINSTEIN CO: Fees to Harvey, D&O Lawyers Doom Settlement
WINDSTREAM HOLDINGS: Sealed Docs Accepted for Appellate Record
[*] 7 Haynes and Boone Lawyers Recognized in 2020 Lawdragon List
[*] BofA Faces Suit for Botched Bankruptcy Reports
[*] Ch. 11 U.S. Commercial Bankruptcy Filings up 52% in July

[*] Experts Warn of Permanent Restaurant Closures
[*] Lowenstein Sandler's Primer on IP for Licensees & Licensors
[*] PPE Manufacturing Helping Distressed Companies
[*] PPP & the Temporary Relief It Brings to Small Business
[*] State Bankruptcy Legislation Needs Care

[^] BOOK REVIEW: Hospitals, Health and People

                            *********

1465V DONHILL: Seeks Approval to Hire Real Estate Broker
--------------------------------------------------------
1465V Donhill Drive seeks authority from the U.S. Bankruptcy Court
for the Central District of California to hire Sanjay Pai of Nelson
Shelton Real Estate ERA Powered as its real estate broker.

Debtor needs the services of a real estate broker to sell its real
properties located at 1465 Donhill Drive, Beverly Hills, Calif.
The broker will be paid 4.25 percent of the sale price.

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

Mr. Pai holds office at:

      Sanjay Pai
      Nelson Shelton Real Estate ERA Powered
      355 N Cannon Dr,
      Beverly Hills, CA 90210

                    About 1465V Donhill Drive

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

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


232 SEIGEL: Heritage Equity's Planned Hotel Files for Bankruptcy
----------------------------------------------------------------
Nicholas Rizzi, writing for Commercial Observer, reports that
Toby Moskovits' Heritage Equity Partners planned hotel in Bushwick,
Brooklyn, could be doomed after it filed for bankruptcy while the
developer has been fighting in court with lenders on the project.

Heritage Equity started Chapter 11 proceedings at its
under-construction 144-room hotel at 232 Seigel Street on through
232 Seigel Acquisitions LLC, which has about $7 million in debt,
court documents show. The LLC lists the value of its assets as
nearly $18 million.

Heritage Equity, led by Moskovits and business partner Michael
Lichtenstein, bought the vacant lot at 232 Seigel Street between
Bushwick Avenue and White Street along with 15 other nearby plots
of land in 2015 for $28.5 million, The Real Deal reported.

The developer filed plans later that year to build a 10-story,
97,245-square-foot hotel on the site designed by Morali Architects
with a gym and restaurant, according to TRD.

However, in November 2019, Moskovits sued her lender, BridgeCity
Capital, to stop default and acceleration notices on the $5.25
million loan at the Bushwick hotel development, TRD reported.

The loan was sold to Fortress Investment Group, and Moskovits
refiled her suit in January, according to TRD.  In the suit,
Moskovits accuses Fortress of "predatory tactics" and only buying
the loans to try and take over the project.

"Fortress clearly started colluding with BridgeCity defendants to
try and prevent [Heritage] from constructing the hotel project,
which would not align with the desire to maximize the value of the
overall site by combining the property with an adjacent development
site [at 215 Moore Street]," the suit said.

Moskovits withdrew the suit against Fortress earlier this month, a
source with knowledge of the proceedings said.

Aside from the Fortress case, Moskovits and Lichtenstein are facing
lawsuits from two investors tied to the Bushwick hotels and other
developments.

In December, Shaul Kopelowitz filed a suit claiming Moskovits and
Lichtenstein owed him $3.3 million and asked to be repaid with
stakes in six LLCs owned by Heritage, including the one tied to 323
Seigel Street, TRD reported.

Richmond Hill Investment Co. also filed a suit against Heritage in
February to get back $4.5 million related to 232 Seigel Street and
the nearby office development at 215 Moore Street. The project at
215 Moore Street was later put into receivership.

And Heritage isn't just dealing with problems with its Bushwick
projects.  Its flagship development, the Williamsburg Hotel at 96
Wythe Avenue, was thrown into receivership in October 2019 after
Heritage defaulted on a $68 million mortgage on the property, TRD
reported.

                  About 232 Seigel Acquisition

232 Seigel Acquisition classifies its business as Single Asset Real
Estate (as defined in 11 U.S.C. Section 101(51B)).  232 Seigel
Acquisition is the owner of fee simple title to certain real
property in Brooklyn, New York, having a comparable sale value of
$18 million.

232 Seigel Development LLC and 232 Seigel Acquisition LLC          
    sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 20-22844
to 20-22845) on July 14, 2020.

232 Seigel Acquisition disclosed total assets of $18,000,000 and
total liabilities of $7,112,316.

The Hon. Robert D. Drain is the case judge.

The Debtors tapped Mark Frankel, Esq., at BACKENROTH FRANKEL &
KRINSKY, LLP, as counsel.


ALASKA UROLOGICAL: Gets Court Approval to Hire Real Estate Broker
-----------------------------------------------------------------
Alaska Urological Institute, P.C. received approval from the U.S.
Bankruptcy Court for the District of Alaska to employ Matthew Fink
of Alaska' Merges & Acquisitions, LLC as its real estate broker.

Debtor needs the services of a real estate broker to negotiate with
its landlord Ruby Investments, LLC.  Debtor currently plans to
reject its lease with Ruby Investments and move its business to
another location.  

Mr. Fink will be compensated as follows:

     (1) In the event Debtor stays at its current location and is
able to negotiate a rent reduction with Ruby Investments, then the
broker's commission is 10 percent of that reduction over the
remaining term of the existing lease (the existing lease expires
May 31, 2024).  In the event a new lease is entered into that
extends beyond the existing term, then the commission is 3 percent
of the total lease payments beyond the existing term.

     (2) In the event that an entirely new lease is entered into
with Ruby Investments, then the commission is 3 percent of total
lease payments.

     (3) In the event that a new lease is entered into at a
location other than Debtor's current location, then the commission
is 3 percent of total lease payments.

Mr. Fink disclosed in court filings that he is a disinterested
person as defined by Section 101(13)(A-E) of the Bankruptcy Code.

Mr. Fink holds office at:

     Matthew L. Fink
     Alaska' Merges & Acquisitions, LLC
     3350 Midtown Place
     Anchorage AK 99503

              About Alaska Urological Institute

Alaska Urological Institute, P.C., is a medical group specializing
in urology, radiation oncology, registered dietitian or nutrition
professional, nurse practitioner, family medicine, medical
oncology, physician assistant, hematology/oncology, anesthesiology,
plastic and reconstructive surgery and more.

Alaska Urological Institute, P.C., based in Anchorage, AK, filed a
Chapter 11 petition (Bankr. Alaska Case No. 20-00086) on March 25,
2020. Cabot Christianson, Esq., at the Law Office of Cabot
Christianson, P.C., serves as bankruptcy counsel.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by William R. Clark, president, shareholder.


AMERICORE HOLDINGS: IRS Has Issues With Disclosure Statement
------------------------------------------------------------
The United States, on behalf of its agency, the Internal Revenue
Service, objects to the motion filed by Third Friday Total Return
Fund, LLP, to (1) conditionally approve disclosure statement and
(2) combine final hearing on approval of disclosure statement with
hearing on confirmation of the plan of Americore Holdings, LLC.

The IRS points out that the court should not hold a combined
hearing because Third Friday's motion for conditional approval
violates 11 U.S.C. Sec. 1125(b), Fed. R. Bank. P. 3017(a), and
local rule 3017-1.

According to the IRS, Third Friday does not assert that any of the
Debtors meet the definition of a small business debtor, as provided
in 11 U.S.C. Sec. 101(51D), nor does Third Friday argue that any of
these proceedings would be considered small business cases pursuant
to 11 U.S.C. Sec. 101(51C).

The IRS asserts that the Third Friday's motion is entirely bereft
of legal argument for why the Court should grant this extraordinary
relief for a Debtor that does meet the Title 11 definition of a
small business debtor.

The IRS objects to the approval of the Disclosure Statement, as the
Disclosure Statement contradicts the court's previously entered
order setting the government claim bar date.

The IRS complains that the Disclosure Statement provides no relief
for the Service if the Confirmation Hearing is held prior to
December 28, 2020.

The IRS objects to the approval of the Disclosure Statement for
failure to provide sufficient information as required by 11 U.S.C.
Sec. 1125, because the IRS has not yet received sufficient
information to make determinations regarding its proofs of claims.

The IRS points out that the Disclosure Statement fails to mention
that the Service has been unable to file proofs of claims for the
Debtors’ outstanding tax liabilities.

According to Service, the Disclosure Statement thus fails to
include adequate information regarding the outstanding proofs of
claims to be filed by the IRS, in particular, whether the Proposed
Plan will be adequately funded to pay all potential Priority Tax
Claims or whether the Proposed Plan would be sufficient to pay the
IRS's potential Secured Claims in full.

                    About Americore Holdings

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

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

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


AMERITUBE LLC: Unsecureds Will Recover 7% Under Plan
----------------------------------------------------
Ameritube LLC filed a First Amended Disclosure Statement.

The Debtor's largest asset, as a group, is the equipment it owns.
The Debtor does not own any real property.  The Debtor leases its
building from another entity, Ravone Properties, LLC.  Ravone
Properties LLC is a real estate company owned by Cherunya Ravitsky,
Joseph Ravitsky, and Khariton Ravitsky.

Other than equipment and accounts receivable, the Debtor's largest
remaining asset is its inventory.  The Debtor valued its inventory
on its schedules at $423,752, using a cost basis approach, holding
the raw material inventory at cost and adding $1 per pound for
processing of finished goods inventory.

Marco International, holder of a secured claim in Class 2, will
receive receive, in full and final satisfaction of its Class 2
Allowed Secured Claim, a Plan Secured Note in the amount of its
Allowed Secured Claim.  Marco shall retain its Liens as they
existed on the Petition Date to secure the Plan Secured Note.

TBK Bank, which holds a $261,322 secured claim in Class 3(a), will
be paid in full no later than Dec. 31, 2020.  This claim shall
accrue interest at the rate of Prime plus 4.75% per annum on a 12
month amortization. Debtor shall make monthly payments of principal
and interest in the amount of $5,000.00 commencing on the
Distribution Date, with the balance of the note being due by
December 31, 2020.

TBK Bank's Class 3[b] secured claim was fully satisfied from
collected accounts receivable and no additional or other amounts
shall be paid on account of the claim.

Allowed secured claims of Newtek Small Business Finance in Class
4[a]-[b] will receive, in full and final satisfaction of its Class
4[a]-[b] Allowed Secured Claim, a Plan Secured Note in the amount
of its Allowed Secured Claims.  Newtek shall retain its Liens as
they existed on the Petition Date to secure the Plan Secured Note.

With respect to Class 5 Allowed General Unsecured Claims will
receive on a quarterly basis for a period of 5 years following the
Effective Date, a cash payment in the amount of such holder's pro
rata share of the amount available in the Unsecured Claim
Distribution Fund for each such month.  Quarterly payments wll be
made on the first day of each month of January, April, July, and
October in the 5 year period following the Effective Date.  The
estimated return to unsecured creditors is seven cents on the
dollar, or 7% of their claims.

Class 6 Interests in the Debtor will be cancelled.  The Reorganized
Debtor will issue new membership interests to AMGMT, Inc., in
exchange for new value contributed in the amount of $15,000.

A full-text copy of the First Amended Disclosure Statement dated
July 20, 2020, is available at https://tinyurl.com/yxem57wx from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Sarah M. Cox
     Howard Marc Spector
     Spector & Cox, PLLC
     12770 Coit Road, Suite 1100
     Dallas, Texas 75251
     Phone: (214) 310-1321
     E-mail: sarah@spectorcox.com

                      About Ameritube LLC

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

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

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


ARCHDIOCESE OF SANTA FE: Receives $1M of CARES Funds
----------------------------------------------------
Jesse Moya, writing for Taos News, reports that the Archdiocese of
Santa Fe recently received nearly $1 million in federal funds from
the Coronavirus Aid, Relief and Economic Security Act's paycheck
protection program.

As a response to the closures caused by the novel coronavirus
pandemic, employers nationwide had to lay off employees or place
them on temporary furlough.

The funds will allow the church to retain employees through several
facets of the organization and keep them working through the
emergency.

"We are thankful to receive this lifeline which has enabled us to
retain our dedicated employees who continue their vital service
ministries to our greater community which has been drastically
affected by this pandemic," said Archbishop John C. Wester in a
statement. "May we continue to keep all our sisters and brothers
who are struggling physically, spiritually and economically in
prayer and for our public health workers and scientists that they
may soon find a cure."

The church said the funds would go to assisting employees in the
parishes and schools under the umbrella of the archdiocese.

The federal program was designed to assist businesses with taxpayer
funds in maintaining their workforce during the coronavirus
pandemic.
On the national level, the Catholic Church received nearly $1.4
billion in CARES act funds.

The Archdiocese of Santa Fe recently challenged the U.S. Small
Business Association in court for the ability to apply for the
loans. The April court case was argued over the ability for an
applicant to apply for the PPP funds while undergoing Chapter 11
bankruptcy filings.

The Archdiocese filed for bankruptcy in 2018 following a slew of
sexual abuse lawsuits stemming from the 1990's.

               About the Archdiocese of Santa Fe

The Roman Catholic Church of the Archdiocese of Santa Fe --
https://www.archdiosf.org/ -- is an ecclesiastical territory or
diocese of the southwestern region of the United States in the
state of New Mexico.  At present, the Archdiocese of Santa Fe
covers an area of 61,142 square miles.  There are 93 parish seats
and 226 active missions throughout this area.

The Archdiocese of Santa Fe sought Chapter 11 protection (Bankr.
D.N.M. Case No. 18-13027) on Dec. 3, 2018, to deal with child abuse
claims.  It reported total assets of $49,184,579 and total
liabilities of $3,700,000 as of the bankruptcy filing.

Judge David T. Thuma oversees the case.

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


BEEBE RIVER: Gets Court Approval to Hire Realtor
------------------------------------------------
Beebe River Business Park, LLC received approval from the U.S.
Bankruptcy Court for the District of New Hampshire to hire Linda
Matheson, a realtor at Peabody & Smith Realty.

Debtor needs the services of a realtor to list eight parcels of
land in Campton, New Hampshire and sell the properties for
$369,000.

Ms. Matheson disclosed in court filings that she and her firm have
no relationship to creditors or any other "party in interest" in
Debtor's Chapter 11 case and have no pre-bankruptcy claims against
Debtor and its bankruptcy estate.

The firm can be reached through:

      Linda Matheson
      Peabody & Smith Realty
      383 Main Street
      PO Box 789
      Franconia, NH
      Phone: (603) 823-5700

                  About Beebe River Business Park

Based in Campton, N.H., Beebe River Business Park, LLC filed a
voluntary Chapter 11 petition (Bankr. D.N.H. Case No. 20-10210) on
Feb. 26, 2020, listing under $1 million in both assets and
liabilities. The Debtor previously filed a petition for relief on
Aug. 15, 2018 (Bankr. D.N.H. Case No. 18-11103.  

Judge Bruce A. Harwood oversees the case.

Ryan M. Borden, Esq., at Ford, McDonald, McPartlin & Borden, P.A.,
is Debtor's legal counsel.


BELLE INVESTMENTS: US Trustee Objects to Disclosure Statement
-------------------------------------------------------------
The U.S. Trustee for Region 8 objects to the approval of the First
Amended Disclosure Statement filed by Belle Investments, LLC.

The U.S. Trustee asserts that the Debtor's Disclosure Statement
does not contain adequate information because it fails to provide
(i) a complete description of the available assets and their value,
(ii) the source of the information and the valuation methods used,
(iii) a description of how the plan will be implemented, and (iv)
information relevant to the risks being taken by the creditors and
interest holders.

According to the U.S. Trustee, the Debtor does not explain whether
there are leases and if so, whether he is rejecting or accepting
those leases.

The U.S. Trustee points out that the Debtor also does not explain
the state court litigation decision that was issued during this
case.

                   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.


BJ SERVICES: Files for Chapter 11 Due to Downturn
-------------------------------------------------
Rebecca Smith and Luca Casiraghi, writing for Bloomberg News,
reports that BJ Services LLC and affiliates start voluntary Chapter
11 process, with the company saying it's pursuing all options for a
"value-maximizing outcome," according to a filing.

The Company is actively discussing asset purchase agreements for
going-concern sales of the cementing business and portions of the
fracturing business.  It believes a successful completion of these
sales would reduce the number of jobs impacted by this process.

Warren Zemlak, president and CEO of BJ Services, says "the severe
downturn in activity and subsequent lack of liquidity resulted in
an unmanageable capital structure.'

                      About BJ Services

BJ Services, LLC, and its related entities are providers of
pressure pumping and oilfield services for the petroleum industry.
Headquartered in Tomball, Texas, the companies operate through two
segments, hydraulic fracturing and cementing.  BJ Services --
https://www.bjservices.com/ -- primarily serves customers in
upstream North American oil and natural gas shale basins in the
completion of new wells and in remedial work on existing wells.  

Chapter 11 petitions were filed by BJ Services (Bankr. S.D. Tex.
Case No. 20-33627), as Lead Debtor, together with its affiliates BJ
Management Services, L.P. (Case No. 20-33628), BJ Services Holdings
Canada, ULC (Case No. 20-33629), and BJ Services Management
Holdings Corp. (Case No. 20-33630) on July 20, 2020.  The cases are
assigned to Judge Marvin Isgur.

In the petition signed by CEO Warren Zemlak, BJ Services was
estimated to have assets at $500 million to $1 billion and $500
million to $1 billion in debt.

The Debtors tapped Joshua A. Sussberg, P.C., at Kirkland & Ellis
LP; Christopher T. Greco, P.C., at Kirkland & Ellis International
LP; Samantha G. Lawrence, Esq., and Joshua M. Altman, Esq., as
their General Bankruptcy Counsel.

The Debtors tapped Jason S. Brookner, Esq., Paul D. Moak, Esq.,
Amber M. Carson, Esq., at Gray Reed & McGraw LLP as their
co-bankruptcy counsel.


BLUE WATER: Court Confirms Joanne Pollio's Plan
-----------------------------------------------
The Court entered an order confirming First Amended Plan of
Reorganization of Blue Water Powerboats filed by plan proponent,
Joanne Pollio, under Chapter 11 of the Bankruptcy Code.

Judge Mindy A. Mora has ordered that the Amended Plan is confirmed
and approved in all respects.

That the Debtor will pay the United States Trustee the sum of $975
to the U.S. Trustee representing outstanding quarterly fees for the
second quarter of 2020 within 10 days of the entry of this Order
and shall pay and any and all other appropriate sums required
pursuant to 28 U.S.C. Sec. 1930(a)(6) within 15 days of the entry
of the order for pre-confirmation periods, and simultaneously file
with the Court monthly operating reports indicating the cash
disbursements for the relevant period.

Jordan L. Rappaport, Esq. of Rappaport Osborne & Rappaport, PLLC,
is named as Disbursing Agent without additional compensation from
the Debtor; bond is waived; the Disbursing Agent is directed to
make all payments due on the Effective Date of the Amended Plan.

Any and all objections to the Amended Plan are overruled.

That the Amended Plan is further modified and confirmed as follows:
(i) the Disbursing Agent shall dispose of unclaimed funds pursuant
to Local Rule 3011-1(B)(1)(b) and (ii) the Disbursing Agent shall
dispose of undistributable funds, pursuant to Local Rule
3011-1(C)(2), wherein said undistributable funds shall be donated
to the Bankruptcy Bar Foundation for the Southern District of
Florid.

Attorneys for Plan Proponent Joanne Pollio:

     Jordan L. Rappaport, Esquire
     Rappaport Osborne & Rappaport, PLLC
     1300 N. Federal Highway, Suite 203
     Boca Raton, FL 33432
     Telephone: (561) 368-2200
     Facsimile: (561) 338-0350

                  About Blue Water Powerboats

Blue Water Powerboats, Inc., is a recreational boating lessor that
rents boats on a half-day to daily basis to consumer individuals at
its offices in Riviera Beach, Florida.

Blue Water Powerboats sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-21113) on Sept. 10,
2018. At the time of the filing, the Debtor was estimated to have
assets of less than $50,000 and liabilities of less than $500,000.
Judge Mindy A. Mora oversees the case. The Debtor tapped David
Lloyd Merrill, Esq., at The Associates, as its legal counsel.

The Debtor's president, Mark Pollio, is subject to an affiliated
bankruptcy case, Case No. 18-21115.


BOSCOV’S DEPT. STORE: Defers Federal Loan Payment
---------------------------------------------------
Chris Reber Creber, writing for TN Online, reports that Boscov's is
moving forward with plans to defer a payment on a $4.73 million
federal loan which dates back to their emergence from bankruptcy in
2009.

On July 15, 2020, the Schuylkill County Commissioners, representing
one of the six counties involved with the loan, signed off on the
plan.

Boscov's sought to forgo a $324,000 loan payment due Aug. 1, 2020
due to COVID-19.  Stores were closed for more than two months
during the virus shutdown.  

The missed payment will be split over the remaining eight years in
the term of the loan.

"There's a lot of paperwork involved but realistically all that's
happening is Boscov's is being permitted to pay the installment
they were required to pay in August over the remaining portion of
the loan beginning a year from now," said Glenn Roth, assistant
county solicitor.

The loan was a unique deal in which Boscov's received counties’
community development block grant funds in order to emerge from
Chapter 11 bankruptcy. The state pledged to guarantee the payments
if Boscov's defaulted on the loan.

This is the first time that the company has missed a payment on the
loan.

                      Closed on Thanksgiving

Delmarva reports that Boscov's has announced its stores will be
closed on Thanksgiving Day.  In a statement, Boscov's said closing
on Thanksgiving both eliminates a highly congested shopping day
while also giving this day back to families.

"COVID-19 has required enormous efforts from our associates and
they've more than earned this time off," said Jim Boscov.  "More
than ever, this year has reinforced the importance of family and
this decision allows our customers, coworkers and communities to
enjoy an uninterrupted Thanksgiving meal."

Other national retailers, including Kohl's, Target and Walmart,
have also announced they will be closed on Thanksgiving this year.

                About Boscov's Department Store

Boscov's Department Store, LLC, owns and operates a chain of
department stores.  The Company sells family apparel, jewelry,
shoes, accessories, and home and garden furnishings.  Boscov's
Department Store serves customers throughout the United States.
Boscov's has 26 stores in Pennsylvania, as well as locations in
Connecticut, Delaware, Maryland, New Jersey, New York, Ohio and
Rhode Island.


BRIGGS & STRATTON: Auction Okayed; Generac Still in Running
-----------------------------------------------------------
The Milwaukee Business Journal reports that a U.S. Bankruptcy Court
judge has approved Briggs & Stratton's proposal for a fast-track
auction despite objections for creditors.

According to Farm-Equipment.com, a recent court filing shows
Generac Power Systems does remain in the running as a potential
bidder.

On July 20, when Briggs filed for Chapter 11 reorganization, the
company had negotiated an agreements with KPS to buy Briggs for
$550 million and would provide $265 million toward
debtor-in-possession financing, the Business Journal reports.
Briggs and KPS wanted an auction process with bids due by Aug. 28
and an auction conducted on Sept. 1. if any bids exceeded KPS's
bid.  A final sale would then be approved by Sept. 11.

The judge approved most of the dates but delayed the hearing until
Sept. 15.  He also denied objections from the official unsecured
creditors committee that includes the federal Pension Benefit
Guarantee Corp., retired Briggs' executives and holders of the
nearly $200 million in unsecured notes.

The Business Journal reports that "Generac Power Systems also filed
an objection calling for the option of not having to bid for the
entirety of Briggs & Stratton's assets. Generac indicated in its
objection that it is a potential bidder and "has significant
interest in acquiring certain assets."

Houlihan Lokey, which is the investment banking firm working for
Briggs, filed a document stating the firm is cooperating with
Generac on a possible bid.

                  About Briggs & Stratton Corp

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

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

Judge Barry S. Schermer oversees the cases.

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

The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.


BRIGGS & STRATTON: KPS to Open Auction for Assets
-------------------------------------------------
KPS Capital Partners, LP ("KPS") announced mid-July 2020 that,
through a newly formed affiliate, it has entered into an asset
purchase agreement with Briggs & Stratton Corporation (NYSE: BGG)
and certain of its wholly-owned subsidiaries (collectively, "Briggs
& Stratton" or the "Company") under which KPS will acquire
substantially all of the assets of Briggs & Stratton, including
equity of foreign subsidiaries, for approximately $550 million.

Briggs & Stratton has filed a motion with the United States
Bankruptcy Court for the Eastern District of Missouri seeking the
designation of KPS as the stalking horse bidder in a sale motion as
part of the Company's filing of voluntary petitions under Chapter
11 of the Bankruptcy Code.  Briggs & Stratton expects to sell its
assets through a court-supervised sale process under Section 363 of
the Bankruptcy Code.

KPS, through an affiliate, has also agreed to invest $265 million
in a FILO tranche of Briggs & Stratton's Debtor in Possession
("DIP") financing to support the Company's operations.  Upon the
entry of a final order approving the DIP facility, KPS will have
the right to "credit bid" its $265 million participation in the DIP
financing in connection with the proposed acquisition of Briggs &
Stratton.  Following court approval, the DIP facility will ensure
that Briggs & Stratton has sufficient liquidity to continue normal
operations and continue to meet its financial obligations during
the Chapter 11 process, including the timely payment of employee
wages and benefits, continued servicing of customer orders and
shipments, and other obligations.

KPS also announced that it has entered into an agreement in
principle with the United Steelworkers of America (the "USW") with
respect to a new collective bargaining agreement ("CBA") for Briggs
& Stratton hourly employees represented by the union at the
Company's manufacturing facilities in Wisconsin.  The new CBA, an
exclusive agreement between KPS and the USW, will become effective
upon completion of the acquisition.  

Further, Wells Fargo has agreed to continue to provide floorplan
financing to support Briggs & Stratton's customers under KPS'
ownership, and a syndicate of banks including Wells Fargo, Bank of
America, BMO Harris Bank and PNC Business Credit has committed to
provide exit financing to Briggs & Stratton.  The financings are
subject to completion of the acquisition and customary closing
conditions.

Michael Psaros, Co-Founder and Co-Managing Partner of KPS, said,
"We are very excited to acquire Briggs & Stratton, a legendary
brand in American manufacturing and the leading company in its
industry.  Briggs & Stratton enjoys a leading market position,
scale, a global manufacturing footprint, world-class design and
engineering capabilities, and a portfolio of industry-leading
products sold under iconic brand names.  We intend to capitalize on
the Company's many attractive growth opportunities and to support
its already substantial investment in research and development,
technology and new product development. KPS intends to grow the new
Briggs & Stratton aggressively through strategic acquisitions.

"KPS is committed to the expeditious acquisition of Briggs &
Stratton to provide certainty of outcome and confidence in the new
Company's future for all of its stakeholders, including customers,
employees and suppliers.  The Company and its stakeholders will
benefit from KPS' demonstrated commitment to manufacturing
excellence, continuous improvement, global network, access to
capital and significant financial resources.  The new Briggs &
Stratton will be conservatively capitalized and not encumbered by
its predecessor's significant liabilities.

"We thank the United Steelworkers of America for its support of our
acquisition of the Company. "We have expended an enormous amount of
effort, resources and capital on this process to date. We are
confident that all of the conditions necessary to create a new
thriving going concern enterprise are in place," Mr. Psaros
concluded.  

Kirkland & Ellis LLP is acting as legal counsel to KPS with respect
to the transaction.

                   About KPS Capital Partners

KPS, through its affiliated management entities, is the manager of
the KPS Special Situations Funds, a family of investment funds with
over $11.4 billion of assets under management (as of March 31,
2020).  For over two decades, the Partners of KPS have worked
exclusively to realize significant capital appreciation by making
controlling equity investments in manufacturing and industrial
companies across a diverse array of industries, including basic
materials, branded consumer, healthcare and luxury products,
automotive parts, capital equipment and general manufacturing.  KPS
creates value for its investors by working constructively with
talented management teams to make businesses better, and generates
investment returns by structurally improving the strategic
position, competitiveness and profitability of its portfolio
companies, rather than primarily relying on financial leverage. The
KPS Funds' portfolio companies have aggregate annual revenues of
approximately $8.4 billion, operate 150 manufacturing facilities in
26 countries, and have approximately 23,000 employees, directly and
through joint ventures worldwide. The KPS investment strategy and
portfolio companies are described in detail at www.kpsfund.com.

                     About Briggs & Stratton

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

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

Judge Barry S. Schermer oversees the cases.

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

The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.


BRIGGS & STRATTON: Severance Pay for Wauwatosa Workers OK'd
-----------------------------------------------------------
Tom Daykin of the Milwaukee Journal Sentinel reports that Briggs &
Stratton Corp., which is reorganizing under Chapter 11 bankruptcy
protection, has reached a severance agreement with its union
workers.

Small engine manufacturer Briggs & Stratton Corp. and the union
representing its workers have reached an agreement on severance
pay.

That's according to a new filing in U.S. Bankruptcy Court, where
Briggs is reorganizing its finances under Chapter 11 protection.

The tentative agreement affects nearly 200 hourly employees at the
company's Wauwatosa facility who are represented by the United
Steel Workers Union.

The company filed for bankruptcy protection in July.  That includes
plans to sell the company's assets to KPS Capital Partners LP, a
New York private equity firm, for approximately $550 million.

Meanwhile, Briggs in June announced plans to stop making lawn
mowers, snowblowers and pressure washers at the Wauwatosa plant.

Those operations are being transferred to company facilities in
Sherrill and Munnsville, New York, and to an unnamed Briggs
supplier.

Standby generators and engine components production, along with
other support areas, will stay at the Wauwatosa facility.

Along with simplifying its operations, those moves will allow the
company to sell the Wauwatosa facility and lease back only the
southern half to reduce costs, according to the bankruptcy court
filing.

The United Steel Workers Union represents approximately 330
employees at the Wauwatosa facility.

The facility's partial closing means Briggs will permanently lay
off 185 of those union workers.

The severance pay agreement, which needs court approval, calls for
union employees who are being terminated to receive a lump sum
payment of between one and eight weeks’ pay, depending on the
employee’s years of service.

Employees also would receive pay for unused vacation time.

Most of the employees affected will be terminated by Sept. 30.

The total payment to each employee will range from approximately
$1,700 to $13,300, depending on that employee's seniority and
accrued vacation. Most employees at the Wauwatosa facility will be
eligible for less than $5,000 total severance and vacation pay, the
filing said.

The potential severance and vacation pay is expected to total
$910,000, but could range from $500,000 to $1.1 million.

Briggs, the world's largest manufacturer of small gasoline engines,
employs about 5,000 people worldwide including around 1,300 in the
Milwaukee area. Years ago, the company had 11,000 employees just in
Wisconsin.

                     About Briggs & Stratton

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

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

Judge Barry S. Schermer oversees the cases.

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

The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.


BRUIN E&P PARTNERS: Says Plan to Cut Debt by $840 Million
---------------------------------------------------------
Bruin E&P Partners, LLC and its subsidiaries, an exploration and
production company with assets in the Williston Basin, North
Dakota, announced mid-July 2020 that it has the support of more
than two-thirds of all its funded debt creditors, as well as its
current equity holders, for a restructuring transaction that will
eliminate over $840 million of the Company's funded debt.

The restructuring transaction will be implemented through a
prepackaged Chapter 11 process that will be financed by a
debtor-in-possession ("DIP") financing facility of $230 million.
Bruin has a solid acreage position in the Williston Basin and a
management team with extensive experience. The Bruin restructuring
transaction, through the DIP financing and cash from operations, is
expected to provide Bruin with the platform to continue near term
operational success and long term growth. Bruin remains committed
to its partners in the Williston Basin, including those who have
supported Bruin over the last five years.

The Company also has secured committed exit financing of $230
million and will emerge from Chapter 11 with approximately $230
million in funded debt.  The deleveraging transaction and exit
financing will poise Bruin, through its extensive operational
experience within and outside the Williston Basin, for the balance
sheet to enable long term growth.

The Company commenced solicitation of votes from its equity
holders, lenders, and bondholders in support of a prepackaged
Chapter 11 Plan of Reorganization.  The Company commenced the
prepackaged Chapter 11 filing in the U.S. Bankruptcy Court for the
Southern District of Texas.  The Company's support from its equity
and creditor constituencies is memorialized in a Restructuring
Support Agreement.  The Company plans to move swiftly toward Court
approval of the Plan, with confirmation expected within
approximately 45 days from filing.

"Bruin has been one of the premier operators in the Williston Basin
over the last five years and will continue to execute high return
projects during the planned short restructuring period," said Matt
Steele, Chief Executive Officer of Bruin.  "Bruin places a high
value on operating safely and efficiently through responsible
development."  Mr. Steele continued saying "This transaction will
allow Bruin to continue to support our partners, landowners,
leaseholders, employees, contractors and the communities in which
we work and live."

                    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.

Kirkland & Ellis LLP is serving as legal counsel to Bruin, PJT
Partners LLP is serving as financial advisor, AlixPartners LLP is
serving as restructuring advisor, and Jackson Walker L.L.P. is
serving as local legal counsel.  Omni Agent Solutions is the claims
agent, maintaining the page http://www.omniagentsolutions.com/bruin


CALAIS REGIONAL: Taps Ankura Consulting to Conduct Asset Valuation
------------------------------------------------------------------
Calais Regional Hospital seeks approval from the U.S. Bankruptcy
Court for the District of Maine to hire Ankura Consulting Group,
LLC to conduct a valuation of its business enterprise and real and
personal properties.  

The firm's services will be provided mainly by Jerry Chang, a
senior managing director.  Mr. Chang and other senior managing
directors at the firm charge an hourly fee of $845.  The rates for
other professionals range from $390 to $800 per hour while the
rates for paraprofessionals range from $150 to $315 per hour.

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

Mr. Chang can be reached at:

     Jerry M. Chang
     Ankura Consulting Group, LLC
     1180 West Peachtree Street, NW, Suite 550
     Atlanta, GA 30309
     Phone: (404) 589-4200

                   About Calais Regional Hospital

Based in Calais, Maine, Calais Regional Hospital operates as a
non-profit organization offering cardiac rehabilitation, emergency,
food and
nutrition, home health, inpatient care unit, laboratory, nursing,
radiology, respiratory care and stress testing, surgery, and social
services.  Visit https://www.calaishospital.org for more
information.

Calais Regional Hospital filed a Chapter 11 petition (Bankr. D.
Maine Case No. 19-10486) on Sept. 17, 2019.  At the time of the
filing, Debtor disclosed assets of between $10 million and $50
million and liabilities of the same range.

Judge Michael A. Fagone oversees the case.  

Debtor has tapped Murray Plumb & Murray as its bankruptcy counsel,
Kelly, Remmel & Zimmerman and Norman Hanson Detroy LLC as special
counsel, and Spinglass Management LLC as financial advisor.


CALIFORNIA PIZZA: Porter, Gibson Represent First Lien Group
-----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Gibson, Dunn & Crutcher LLP and Porter Hedges LLP
submitted a verified statement to disclose that they are
representing the Ad Hoc Priority/First Lien Lender Group in the
Chapter 11 cases of California Pizza Kitchen, Inc., et al.

In March 2020, certain members of the Ad Hoc Priority/First Lien
Lender Group retained Gibson, Dunn & Crutcher LLP to represent them
as counsel in connection with a potential restructuring of the
outstanding debt obligations of the above-captioned debtors and
certain of their subsidiaries and affiliates. Subsequently, on or
about June 30, 2020, Gibson Dunn contacted Porter Hedges LLP to
serve as Texas co-counsel to the Ad Hoc Priority/First Lien Lender
Group.

Gibson Dunn and Porter Hedges represent the members of the Ad Hoc
Priority/First Lien Lender Group in their capacities as lenders
under (i) that certain Priority First Lien Credit and Guarantee
Agreement, dated as of April 27, 2020, by and among California
Pizza Kitchen, Inc., as borrower, CPK Holdings Inc., as holdings,
certain of the other Debtors, as guarantors, Jefferies Finance LLC,
as administrative agent and collateral agent, and the several
lenders from time to time parties thereto, and (ii) that certain
First Lien Credit and Guarantee Agreement, dated as of August 23,
2016, by and among CPK, as borrower, CPK Holdings, as holdings,
certain of the other Debtors, as guarantors, Jefferies, as
administrative agent and collateral agent party thereto, and the
several term loan and revolving lenders from time to time parties
thereto.

Gibson Dunn and Porter Hedges do not represent or purport to
represent any other entities in connection with the Debtors'
chapter 11 cases. Gibson Dunn and Porter Hedges do not represent
the Ad Hoc Priority/First Lien Lender Group as a "committee" and do
not undertake to represent the interests of, and are not
fiduciaries for, any creditor, party in interest, or other entity
that has not signed a retention agreement with Gibson Dunn or
Porter Hedges. In addition, the Ad Hoc Priority/First Lien Lender
Group does not represent or purport to represent any other entities
in connection with the Debtors' chapter 11 cases. Each member of
the Ad Hoc Priority/First Lien Lender Group does not represent the
interests of, nor act as a fiduciary for, any person or entity
other than itself in connection with the Debtors' chapter 11
cases.

Upon information and belief formed after due inquiry, Gibson Dunn
and Porter Hedges do not hold any disclosable economic interests in
relation to the Debtors.

As of Aug. 20, 2020, members of the Ad Hoc Priority/First Lien
Lender Group and their disclosable economic interests are:

ACM ASOF VII (Cayman) Holdco LP
One Rockefeller Plaza, 32nd Floor
New York, NY 10020

* Priority Indebtedness: $1,896,698.35

Amzak Capital Management
980 N. Federal Highway, Suite 315
Boca Raton, FL 33432

* Priority Indebtedness: $774,653
* First Lien Indebtedness: $3,584,854

Anchorage Capital Group, LLC
610 Broadway
New York, NY 10012

* Priority Indebtedness: $1,506,701
* First Lien Indebtedness: $6,972,542

Antares Capital LP
500 West Monroe St.
Chicago, IL 60661

* Priority Indebtedness: $1,005,692
* First Lien Indebtedness: $5,501,087

Apex Credit Partners
520 Madison Ave, 16th Floor
New York, NY 10022

* Priority Indebtedness: $8,157,310
* First Lien Indebtedness: $21,543,987

Argo Group & Affiliates
175 E Houston St., Suite 1300
San Antonio, TX 78205

* Priority Indebtedness: $689,666
* First Lien Indebtedness: $1,652,696
* Second Lien Indebtedness: $5,000,000

Capital Southwest Corporation
5400 LBJ Freeway, Suite 1300
Dallas, TX 75240

* Priority Indebtedness: $1,347,907.75
* First Lien Indebtedness: $4,156,317.19

Cerberus Capital Management L.P.
875 Third Avenue
New York, NY 10022

* Priority Indebtedness: $269,299
* First Lien Indebtedness: $1,246,233

Chatham Asset Management
1230 Peachtree St. NE, Suite 1750
Atlanta, GA 30309

* Priority Indebtedness: $1,668,129
* First Lien Indebtedness: $12,148,230

Coöperatieve Rabobank U.A.
New York Branch
245 Park Avenue, 37th Floor
New York, NY 10167

* Priority Indebtedness: $8,655,937
* First Lien Indebtedness: $24,830,881

Crescent Capital Group LP
11100 Santa Monica Blvd, Suite 2000
Los Angeles, Ca 90025

* Priority Indebtedness: $14,715,094
* First Lien Indebtedness: $32,059,315
* Second Lien Indebtedness: $4,728,000

Ellington Management Group L.P.
53 Forest Ave
Old Greenwich, CT 06870

* Priority Indebtedness: $1,430,536
* First Lien Indebtedness: $7,824,959
* Second Lien Indebtedness: $10,700,000

Ensign Peaks Advisors, Inc.
60 E. South Temple Street, Suite 400
Salt Lake City, UT 84111

* Priority Indebtedness: $2,825,064
* First Lien Indebtedness: $13,073,515

First Eagle Private Credit, LLC
227 West Monroe Street, Suite 3200
Chicago, IL 606

* Priority Indebtedness: $1,977,545
* First Lien Indebtedness: $9,151,461

Five Arrows Managers North America LLC
633 W. 5th St., Suite 6700
Los Angeles, CA 90071

* First Lien Indebtedness: $5,782,367

Great Elm Capital Corporation
800 South Street, Suite 230
Waltham, MA 02453

* First Lien Indebtedness: $9,897,475
* Second Lien Indebtedness: $4,300,000

I-45 SPV LLC
5400 LBJ Freeway, Suite 1300
Dallas, TX 75240

* Priority Indebtedness: $1,888,420.84
* First Lien Indebtedness: $5,823,011.47

Jefferies Finance LLC
520 Madison Ave, 16th floor
New York, NY 10022

* Priority Indebtedness: $3,107,912
* First Lien Indebtedness: $8,208,198

Main Street Capital Corporation
1300 Post Oak Blvd. 8th Floor
Houston, TX 77056

* Priority Indebtedness: $5,034,146
* First Lien Indebtedness: $12,063,691

MJX Asset Management, LLC
12 E 49th Street, 38th Floor
New York, NY 10017

* First Lien Indebtedness: $4,743,136

Monroe Capital, LLC
311 South Wacker Drive, Suite 6400
Chicago, IL 60606

* First Lien Indebtedness: $14,475,000

Petrus Yield Opportunities Fund, L.P.
3000 Turtle Creek Blvd.
Dallas, TX 75219

* Priority Indebtedness: $1,085,270
* First Lien Indebtedness: $5,022,291

Telos CLO 2013-3, LTD
One Rockefeller Plaza, 32nd Floor
New York, NY 10020

* Priority Indebtedness: $466,498.13
* First Lien Indebtedness: $2,501,537.82

Telos CLO 2013-4, LTD
One Rockefeller Plaza, 32nd Floor
New York, NY 10020

* Priority Indebtedness: $757,631.62
* First Lien Indebtedness: $1,672,867.86

Telos CLO 2014-5, LTD
One Rockefeller Plaza, 32nd Floor
New York, NY 10020

* Priority Indebtedness: $410,512.67
* First Lien Indebtedness: $2,201,322.76

Telos CLO 2014-6, LTD
One Rockefeller Plaza, 32nd Floor
New York, NY 10020

* Priority Indebtedness: $497,349.25
* First Lien Indebtedness: $2,666,973.03

Telos CLO 2018-8, LTD
One Rockefeller Plaza, 32nd Floor
New York, NY 10020

* Priority Indebtedness: $206,184.18
* First Lien Indebtedness: $1,105,636.85

Wells Fargo Bank, N.A.
550 South Tryon Street
Charlotte, NC 28202

* Priority Indebtedness: $98,809
* First Lien Indebtedness: $457,256.56

Counsel for the Ad Hoc Priority/First Lien Lender Group can be
reached at:

          John F. Higgins, Esq.
          PORTER HEDGES LLP
          1000 Main Street, 36th Floor
          Houston, TX 77002
          Telephone: (713) 226-6648
          Facsimile: (713) 226-6248
          Email: JHiggins@porterhedges.com

             - and -

          David M. Feldman, Esq.
          Alan Moskowitz, Esq.
          GIBSON, DUNN & CRUTCHER LLP
          200 Park Avenue
          New York, New York 10166
          Telephone: (212) 351-4000
          Facsimile: (212) 351-4035
          Email: dfeldman@gibsondunn.com
                 amoskowitz@gibsondunn.com

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

                    California Pizza Kitchen

California Pizza Kitchen, Inc., is a casual dining restaurant
chain
that specializes in California-style pizza.  Since opening its
doors in Beverly Hills in 1985, CPK has grown from a single
location to more than 200 restaurants worldwide.  CPK's
traditional
dine-in locations are full-service restaurants that serve pizza,
salads, pastas and other California-inspired fare, alongside a
curated selection of wines and a menu of handcrafted cocktails and
craft beers.  Though the Company's dine-in restaurants are the
primary way the Company serves its customers, CPK also has a
number
of "off-premises" services and licensing agreements that allow
customers to get their favorite CPK dishes on the go.  For more
information, visit http://www.cpk.com/  

California Pizza Kitchen, Inc. sought Chapter 11 protection as the
Lead Debtor (Bankr. S.D. Tex. Case No. 20-33752), along with its
affiliates, California Pizza Kitchen of Annapolis, Inc. (Case No.
20-33753); CPK Holdings Inc. (Case No. 20-33755); CPK Hospitality,
LLC (Case No. 20-33751; CPK Management Co. (Case No. 20-33757);
CPK
Spirits, LLC (Case No. 20-33756); CPK Hunt Valley, Inc. (Case No.
20-33754); CPK Texas, LLC (Case No. 20-33758) on July 29, 2020.
The cases are assigned to Judge Marvin Isgur.

In the petitions signed by CEO James Hyatt, the Debtors were
estimated to have assets in the range of $100 million to $500
million and $500 million to $1 billion in debt.

The Debtors tapped Joshua A. Sussberg, P.C., Matthew C. Fagen,
Esq., Francis Petrie, Esq., at Kirkland & Ellis LLP and Kirkland &
Ellis International LLP as general bankruptcy counsel.

The Debtors also tapped Matthew D. Cavenaugh, Esq., Kristhy M.
Peguero, Esq., Genevieve Graham, Esq., Veronica A. Polnick, Esq.,
at jackson Walker L.L.P. as their local bankruptcy counsel.
Guggenheim Securities, LLC, serves as the Debtors' financial
advisor and investment banker.  Alvarez & Marsal North America,
LLC, is the Debtors' restructuring advisor.  Hilco Real Estate,
LLC, is the real estate consultant and advisor.  Prime Clerk --
https://cases.primeclerk.com/CPK -- is the claims agent.



CALIFORNIA RESOURCES: Francisco Leon Promoted to CFO
----------------------------------------------------
According to an Aug. 18, 2020 regulatory filing by California
Resources Corporation, Francisco J. Leon was appointed Executive
Vice President and Chief Financial Officer of CRC effective as of
Aug. 14, 2020.  

Mr. Leon, age 43, has been the Company's Executive Vice President,
Corporate Development & Strategic Planning since January 2018.
Prior to that, he served as Vice President - Portfolio Management
and Strategic Planning since December 2014.  Mr. Leon holds an
M.B.A. from the University of Texas,Austin and a bi-national
Bachelor of Arts degree in International Business from San Diego
State University and CETYS Universidad in Mexico.  

Marshall D. Smith, formerly Senior Executive Vice President and
Chief Financial Officer, left the Company effective as of August
14, 2020.  Mr. Smith's departure from the Company did not result
from any disagreement or difference of opinion with the Company
with respect to its internal controls, financial statements, audit
scope limitations, audit reports, management representations or
otherwise connected in any way with its financial controls or audit
procedures. In connection with his departure, Mr. Smith entered
into a separation agreement and general release with the Company.

As part of that agreement, he also agreed to provide transition
services as a consultant to the Company for two months for a
monthly fee of $30,000.  The Company would like to thank Mark for
his years of service and wish him well in his retirement.

              About California Resources Corp.

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

California Resources reported a net loss attributable to common
stock of $28 million for the year ended Dec. 31, 2019, compared to
net income attributable to common stock of $328 million for the
year ended Dec. 31, 2018. As of Dec. 31, 2019, the Company had
$6.96 billion in total assets, $709 million in total current
liabilities, $4.87 billion in long-term debt, $146 million in
deferred gain and issuance costs, $720 million in other long-term
liabilities, $802 million in redeemable non-controlling interests,
and total deficit of $296 million.

                           *    *    *

In March 2019, S&P Global Ratings affirmed its 'CCC+' issuer credit
rating on California Resources Corp. The affirmation reflects S&P's
expectation that CRC will continue to support its liquidity by
balancing its spending with its cash flow, selling non-core assets,
and potential for joint ventures in 2019 as mentioned in the
Company's fourth quarter conference call.

As reported by the TCR on April 6, 2020, Moody's Investors Service
downgraded California Resources Corp.'s Corporate Family Rating to
Caa3 from Caa1.  The rating actions reflect CRC's elevated
restructuring risk, including the potential for a bankruptcy filing
or distressed exchange, following its failed attempt to execute a
debt for debt exchange in March.


CANCER GENETICS: Incurs $1.7 Million Net Loss in Second Quarter
---------------------------------------------------------------
Cancer Genetics, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $1.70 million on $1.45 million of revenue for the three months
ended June 30, 2020, compared to a net loss of $3.77 million on
$1.53 million of revenue for the three months ended June 30, 2019.

For the six months ended June 30, 2020, the Company reported a net
loss of $2.88 million on $2.87 million of revenue compared to a net
loss of $8.39 million on $3.35 million of revenue for the six
months ended June 30, 2019.

Gross profit remained approximately the same in both of the
comparable quarters of 2019 and 2020, while the overall gross
margin increased by 4 percentage points, from approximately 52% to
56%.  The Discovery Services business unit gross margin increased
in second quarter of 2020 compared to 2019 principally due to lower
lab supplies and outsourcing expenses in the comparable periods.

Total operating expenses for the second quarter of 2020 were
approximately $2.5 million, an increase of 68% compared to $1.5
million during the second quarter of 2019.  The increase in total
operating expenses was primarily due to an increase in professional
fees of $901,000 including one-time costs of approximately $619,000
associated with accounting for discontinuing operations as well as
the timing of such fees incurred (Q1 2019 vs. Q2 2020) and
connected to the annual filing of the Company's Form 10-K.  These
additional expenses resulted from the significant company
turnaround associated with the disposition of two business units
and close-out of those discontinued operations.

As of June 30, 2020, the Company had $11.79 million in total
assets, $6.68 million in total liabilities, and $5.10 million in
total stockholders' equity.

Cash and cash equivalents totaled approximately $2.9 million as of
June 30, 2020.

Even after the disposal of the Company's BioPharma Business and
Clinical Business, the Company does not project that cash at June
30, 2020 will be sufficient to fund normal operations for the
twelve months from the issuance of these financial statements in
the Quarterly Report on Form 10-Q.  The Company said its ability to
continue as a going concern is dependent on reduced losses and
improved future cash flows.  Alternatively, the Company may be
required to raise additional equity or debt capital, or consummate
other strategic transactions.  The Company is continuing to
evaluate strategic options, with the assistance of an investment
bank, which could include the sale of assets, a merger, reverse
merger or strategic transaction.  These factors raise substantial
doubt about the Company's ability to continue as a going concern
for the twelve months from the issuance of these financial
statements in the Quarterly Report on Form 10-Q. The Company can
provide no assurance that these actions will be successful or that
additional sources of financing will be available on favorable
terms, if at all.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1349929/000134992920000013/cgix-20200630.htm

                     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.


CARBO CERAMICS: Emerges from Bankruptcy Under New Ownership
-----------------------------------------------------------
CARBO Ceramics Inc. announced that it has emerged from Chapter 11
bankruptcy protection. This marks the successful and expeditious
completion of CARBO's financial restructuring process along with
the implementation of the Company's Plan of Reorganization (the
"Plan"), which was confirmed by the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division on June 18, 2020.
CARBO has bolstered its balance sheet by significantly reducing its
debt and certain lease liabilities, providing a solid foundation as
the Company moves forward under the ownership of Wilks Brothers,
LLC (the "Wilks Brothers").

"This successful financial restructuring positions the Company to
navigate the ever-changing business environment from a place of
strength while continuing to deliver value for our clients and
partners," said Justin Wilks, Senior Vice President of the Wilks
Brothers. "We look forward to maximizing CARBO's potential and
unlocking opportunities for strategic growth."

In connection with the emergence, Don Conkle has been promoted to
Chief Executive Officer of CARBO.  Mr. Conkle joined the Company in
2012 as the Vice President of Sales and Marketing and has 34 years
of leadership and industry experience.

"This is a pivotal milestone and the start of a promising new
chapter for CARBO," said Don Conkle, Chief Executive Officer. "We
began our restructuring process with the clear goal of
strengthening our capital structure to best position CARBO to
succeed in the future – which we have accomplished.  We are
grateful to our employees, clients and vendors who supported us
through this process and now set our eyes on future growth with a
common goal across the organization to deliver uncompromising
quality products and services for our clients."

Pursuant to the Plan, CARBO has completed a debt-for-equity
exchange with the Wilks Brothers. In connection with this
transaction, the Company has converted the existing $15 million DIP
facility into a $15 million exit facility.

The Company's operating strategy will continue to be focused on
providing products and services to the oil and gas and industrial
markets, utilizing its primary strengths in material sciences,
manufacturing expertise, technology solutions, and supported by an
extremely talented workforce.

Filings and additional information on the transaction consummated
in connection with CARBO's emergence from bankruptcy can be found
at http://dm.epiq11.com/Carbo.

                     About CARBO Ceramics

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

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

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

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

Judge Marvin Isgur oversees the cases.  

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

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



CHESAPEAKE ENERGY: Pennsylvania Ordered to Stop Oil Royalty Suit
----------------------------------------------------------------
Steven Church of Bloomberg News reports that the state of
Pennsylvania wrongly pressed court actions against Chesapeake
Energy Corp. and violated the federal protections given to bankrupt
companies, a judge ruled July 17, 2020.

The ruling means that while Chesapeake is in bankruptcy the Office
of the Attorney General of Pennsylvania can't press lawsuits
accusing the company of underpaying oil and gas royalties to
landowners in the state

U.S. Bankruptcy Judge David R. Jones rejected claims state
officials were exempt from the federal rule that temporarily halts
litigation while a company tries to reorganize in bankruptcy.

                  About Chesapeake Energy Corp.

Headquartered in Oklahoma City, Chesapeake Energy Corporation's
(NYSE: CHK) operations are focused on discovering and developing
its large and geographically diverse resource base of
unconventional oil and natural gas assets onshore in the United
States.

Chesapeake Energy reported a net loss of $308 million for the year
ended Dec. 31, 2019. As of Dec. 31, 2019, the company had $16.19
billion in total assets, $2.39 billion in total current
liabilities, $9.40 billion in total long-term liabilities, and
$4.40 billion in total equity.

Chesapeake Energy and its affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Lead Case No. 20-33233) on June 28, 2020, after
reaching terms of a Chapter 11 plan of reorganization to eliminate
approximately $7 billion of debt.

The Debtors tapped Kirkland & Ellis LLP as legal counsel, Jackson
Walker LLP as co-counsel and conflicts counsel, Alvarez & Marsal as
restructuring advisor, Rothschild & Co and Intrepid Financial
Partners as financial advisors, and Reevemark as communications
advisor.  Epiq Global is the claims agent, maintaining the page
http://www.chk.com/restructuring-information

Wachtell, Lipton, Rosen & Katz serves as legal counsel to
Chesapeake Energy's Board of Directors.

MUFG Union Bank, N.A., the DIP facility agent and exit facilities
agent, has tapped Sidley Austin LLP as legal counsel, RPA Advisors
LLC as financial advisor, and Houlihan Lokey Capital Inc. as
investment banker.

Davis Polk & Wardell LLP and Vinson & Elkins L.L.P. serve as legal
counsel to an ad hoc group of first lien last out term loan lenders
while Perella Weinberg Partners and Tudor, Pickering, Holt & Co.
serve as the group's investment bankers.

Franklin Advisers, Inc., has tapped Akin Gump Strauss Hauer & Feld
LLP as legal counsel, FTI Consulting, Inc. as financial advisor,
and Moelis & Company LLC as investment banker.

On July 9, 2020, the Office of the U.S. Trustee appointed a
committee to represent unsecured creditors in Debtors' Chapter 11
cases.  The unsecured creditors' committee has tapped Brown
Rudnick, LLP and Norton Rose Fulbright US, LLP as its legal
counsel, and AlixPartners, LLP as its financial advisor.

On July 24, 2020, the bankruptcy watchdog appointed a committee of
royalty owners.  The royalty owners' committee is represented by
Forshey & Prostok, LLP.


CIBT GLOBAL: Moody's Lowers CFR to Caa2, Outlook Negative
---------------------------------------------------------
Moody's Investors Service downgraded CIBT Global, Inc.'s corporate
family rating to Caa2 from Caa1 and the company's the first-lien
credit ratings to Caa1 from B3. Moody's affirmed the second-lien
Caa3 instrument rating. In addition, Moody's downgraded the
probability of default rating to Caa2-PD/LD, appending a limited
default designation ("LD") to CIBT's probability of default rating,
from Caa1-PD. The "/LD" designation will be removed in three days.
The outlook remains negative.

Affirmations:

Issuer: CIBT Global, Inc.

Senior Secured 2nd Lien Bank Credit Facility, Affirmed Caa3 (LGD5)

Downgrades:

Issuer: CIBT Global, Inc.

Corporate Family Rating, Downgraded to Caa2 from Caa1

Probability of Default Rating, Downgraded to Caa2-PD/LD from
Caa1-PD

Senior Secured 1st Lien Bank Credit Facility, Downgraded to Caa1
(LGD3) from B3 (LGD3)

Outlook Actions:

Issuer: CIBT Global, Inc.

Outlook, Remains Negative

RATINGS RATIONALE

The rating downgrade reflects the incremental headwinds that the
company is facing due to the coronavirus pandemic, which has
stalled domestic and international travel. The company's revenue is
highly dependent on the volume of travel and Moody's expects travel
and immigration to remain suppressed for the next twelve months as
compared to 2019 levels. Moody's expects that challenges will
remain for the company to generate organic revenue growth and
positive free cash flow in a highly levered capital structure.
Moody's expects travel volumes will experience a slow recovery in
late 2020 and will not return to pre-coronavirus levels for some
time. Revenue for 2Q 2020 was significantly lower on a
year-over-year basis from 2Q 2019. Free cash flow for the quarter
remained negative with FCF/Debt of -1.3%. Debt/EBITDA was extremely
high (Moody's adjusted) and is expected to remain high, indicating
the capital structure is untenable in the current operating
environment. Management has embarked on cost-cutting actions to
offset the revenue reduction and most of the cost cutting measures
have been implemented leaving limited recourse for further cuts.

The appending of the PDR with an "/LD" designation indicates that a
limited default has occurred as a result of the amendment completed
in late July whereby a portion of the company's interest rate for
its $140 million 2nd lien term loan due 2025 has been converted to
payment-in-kind (PIK) pay. This constitutes a distressed exchange
under Moody's definitions of distressed exchanges and defaults. As
a result of the amendment the lenders under the 2nd lien term loan
agreed to PIK a portion of the interest on the term loan (6.75%,
with cash pay of LIBOR + 1.00%) through the quarter ending March
31, 2022. Previously the interest cost was LIBOR + 7.75%. Interest
cost under the company's 1st lien term loan remains as cash pay.

CIBT's Caa2 CFR reflects its very high leverage as of June 2020,
tight liquidity available to service debt, limited scale and
acquisitive growth strategy in the highly competitive and
fragmented market for travel and immigration services. The rating
is constrained by the risks related to CIBT's exposure to the
cyclicality of the global business travel market which has been
susceptible to economic downturns, disease outbreak and
geopolitical disruptions. CIBT's governance risk is viewed as high
characterized by its history of high leverage and debt financed
acquisitions, though the commitment of the sponsor to contribute
additional equity somewhat mitigates near-term risk of further
downward pressure. In addition, Moody's regards the coronavirus
outbreak as a social risk under its ESG framework, given the
substantial implications for public health and safety. The
continued spread of the coronavirus outbreak has created a severe
and extensive credit shock across many sectors, regions and
markets. The combined credit effects of these developments are
unprecedented. CIBT is susceptible to this social risk since it is
heavily reliant on travel, which in turn is subject to distancing
restrictions caused by coronavirus.

Nonetheless, CIBT's ratings are supported by its solid market
position and demonstrated expertise in managing complex document
application and procurement processes for international travel.
This has enabled the company to maintain longstanding customer
relationships with retention rates in excess of 95%. CIBT's modest
capital needs and high variable cost structure provide the ability
to adjust operations to changes in client spending levels.

The negative outlook reflects the risk that CIBT's earnings and
free cash flow could erode beyond current expectations due to the
adverse impact from COVID-19 and uncertain economic conditions. The
outlook and credit rating could be pressured if social distancing
measures remain in place longer than anticipated or the
recessionary environment caused by COVID-19 adds additional
challenges, exacerbating a weak operating and liquidity position.

The Caa1 rating for CIBT's first lien bank debt reflect the
borrower's Caa2-PD/LD Probability of Default Rating and takes into
account the bank debt's priority claim on the collateral and senior
ranking in the capital structure relative to CIBT's second lien
debt. The second lien credit facility is rated Caa3, reflecting its
subordinate lien on the collateral. The credit agreements are
guaranteed by CIBT Global, Inc.'s material domestic subsidiaries
and KCIBT Intermediate II, Inc., which is the direct parent of CIBT
Global, Inc. As part of the July 2020 amendment to the credit
facilities CIBT UK Limited and each of its UK subsidiaries were
added as guarantors to the facilities.

CIBT's liquidity is expected to remain weak, despite injections by
the sponsor of $15 million that was done in July of this year. The
company's $65 million revolver was fully drawn as of the end of
June but current availability stands at approximately $41 million.
The company is subject to a minimum liquidity test and Moody's
expects CIBT to comply comfortably with this covenant over the next
12-18 months. The company generated negative free cash flow
(Moody's adjusted) during 2Q 2020 and Moody's expects free cash
flow to remain negative in 2020 and into 2021. Moody's expects cash
needs will be funded from cash on hand. Moody's estimates that pro
forma for the PIK interest the company will have $34 million in
annual cash interest expense. In addition, the required annual term
loan amortization amount is approximately $3.9 million. Capital
expenditure is minimal as the company has scaled back on capex and
the business is not capital intensive.

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

The ratings could be upgraded if: 1) the travel sector outlook or
economic conditions stabilize and as a result declining revenue
trends reverse, resulting in positive organic growth; 2) Moody's
sees liquidity improvement with free cash flow trending towards
break-even and 3) EBITA/interest moves toward 1.0x.

The ratings could be downgraded further if: 1) the recessionary
environment caused by COVID-19 deteriorates, extending the expected
timeline to return to break-even free cash flow; 2) revenue decline
rate accelerates above current expectations, causing further
weakening in liquidity, continued negative free cash flow and
increased revolver usage; and 3) the ability to service debt
diminishes leading to a likelihood of a restructuring of the
balance sheet.

Headquartered in McLean, Virginia, CIBT is a leading provider of
third-party travel visa, passport, and immigration logistics
services for corporate clients worldwide. The company was acquired
by Kohlberg & Company in June 2017.

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


CLEAN ENERGY: Enters Into Securities Purchase Agreement with LGH
----------------------------------------------------------------
Clean Energy Technologies, Inc., entered into a securities purchase
agreement with LGH Investments, LLC, pursuant to which the Company
issued to the Investor a convertible promissory note in the
original principal amount of $103,000, a two-year warrant to
purchase 1,500,000 shares of the Company's common stock, par value
$.001 per share, and one million restricted shares of Common Stock.
The Note carried an original issue discount of $3,000 with
interest of 8% per annum payable at maturity.  The Note matures 8
months from the issue date and is convertible at any time into the
Common Stock at a conversion price equal to $0.02 per share,
subject to adjustment.  The conversion of the Note is limited to
4.99% of the issued and outstanding shares of the Common Stock
unless the market capitalization falls below $2,000,000 in which
case the limitation is increased to 9.99%.  If an event of default
occurs, the conversion price changes to the lesser of (a). $0.02
(two) cents or (b) 70% of the lowest traded price in the prior
fifteen trading days immediately preceding a notice of conversion.
In the event that the Company issues a convertible note on more
favorable terms the terms of the Note will be revised to reflect
such terms.  The Note has amortization payments of $15,143.50
commencing 60 days after the Issue Date and each 30 days
thereafter.

The Warrant has an exercise price of $0.04 per share, have a term
of two years, and may be exercised on a cashless basis.  The
exercise price and number of shares subject to purchase under the
Warrant are subject to adjustment for certain corporate actions.

On July 15, 2020 Clean Energy Technologies, Inc. entered into a
Securities Purchase Agreement with PowerUp Lending Group Ltd. for
the purchase of a Convertible Promissory Note in the aggregate
principal amount of $128,000 carrying an interest rate of 11% and
due on July 15, 2021.  The purchase price on the PowerUp Note was
$128,000 with the Company paying for expenses of $3,000.  The funds
were received by the Company on Oct. 30, 2019.

The PowerUp Note may be converted at any time after 180 days from
the issue date into shares of Company's Common Stock at a price
equal to 65% of the lowest two day average closing bid price of the
Company's Common Stock during the 15 consecutive Trading Days prior
to the date on which Holder elects to convert all or part of the
Power Up Note, subject to adjustment for certain penalties.  The
PowerUp Note may be converted to up to a maximum of 4.99% of the
issued and outstanding Common Stock of the Company and permits the
Company to pre-pay its obligations at a premium prior to maturity.

The Company is required to reserve six times the number of shares
of its Common Stock issuable on full conversion of the Power Up
Note (initially 58,783,008 shares).

                        About Clean Energy

Headquartered in Costa Mesa, California, Clean Energy Technologies,
Inc. -- http://www.cetyinc.com/-- designs, produces and markets
clean energy products and integrated solutions focused on energy
efficiency and renewables.

Clean Energy reported a net loss of $2.56 million for the year
ended Dec. 31, 2019, compared to a net loss of $2.81 million for
the year ended Dec. 31, 2018.  As of June 30, 2020, the Company had
$4.03 million in total assets, $9.66 million in total liabilities,
and a total stockholders' deficit of $5.63 million.

Fruci & Associates II, PLLC, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated
May 27, 2020, citing that the Company has a significant accumulated
deficit, net losses, and negative working capital and has utilized
significant net cash in operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


COCO BEACH GOLF: TDF Entitled to Payment of Administrative Costs
----------------------------------------------------------------
Bankruptcy Judge Enrique S. Lamoutte denies the request of Banco
Popular De Puerto Rico -- in its capacity as trustee of the "Puerto
Rico Industrial, Tourist, Educational, Medical and Environmental
Control Facilities Financing Authority ("AFICA") Tourism Revenue
Refunding Bonds, 2011 Series A (Trump International Golf Club
Puerto Rico Project)" issued pursuant to the Trust Agreement dated
March 30, 2011, between BPPR, as Trustee, and AFICA -- asking the
Court to reconsider and vacate the order entered on March 27, 2020,
directing the Clerk of Court to disburse funds consigned by Debtor
Coco Beach Golf & Country Club pursuant to the terms of a confirmed
Chapter 11 plan to the Puerto Rico Tourism Development Fund.

BPPR's motion is premised on three grounds:

     1. TDF has a contingent and unliquidated pre-petition claim
which arose from a contract preceding bankruptcy and, thus, is
ineligible for an administrative expense claim;

     2. TDF's direct payment to a third-party provided no tangible
benefit to the bankruptcy estate, especially when the confirmed
plan provides for the liquidation of all the estate's assets --
thus, any remaining unpaid claims will be discharged without
recourse against the debtor; and

     3. TDF failed to establish a valid claim for administrative
expenses.

BPPR alleges that Fed. R. Civ. 59(e) applies as the motion was
filed within 14 days based on the General Order 20-03 issued by the
court extending the applicable statute of limitations and that the
March 27, 2020 order is a manifest error of law.

TDF in its opposition recounts the travel of the contested matter
and alleges that BPPR may not under Rule 59(e), made applicable to
bankruptcy under Fed. R. Bankr. P. 9023, introduce new evidence or
arguments that could or should have been presented prior to
judgment -- that is, questioning TDF's right to payment as BPPR had
only questioned the amounts requested. TDF further argues that it
is entitled to the payment of administrative expenses for
post-petition advances or disbursements made on behalf of the
Debtor for the benefit of the estate. "Therefore, the Court
correctly concluded that the Disbursement made by TDF during the
course of the bankruptcy proceedings has administrative expense
priority and should be paid with the funds consigned with the Clerk
of the Court," TDF said.

After considering the motions before the court regarding whether to
reconsider the March 27, 2020 order adjudicating that the funds
consigned with the Clerk of Court be disbursed to the TDF and the
facts before the court at the time the order was entered, the court
declines to reconsider the legal conclusion in the order subject of
the current matter. Judge Lamoutte says the arguments before the
court should have been presented before the matter was submitted
after the parties failed to reach an agreement. The uncontested
facts and allegations moved the court to enter the March 27, 2020
order.

The issue of which secured creditor, TDF or BPPR, had a priority
over the funds based on their respective ranking was not presented
to the court. The funds to be distributed were to class one
creditors, that is secured creditors, and TDF had first priority.
But both parties moved the court on the same day, July 14, 2020,
for payment of administrative expenses. The court notes that who
gets paid and in what amount does not affect the terms of the
confirmed plan.

Although the funds disbursed to the debtor post-petition by TDF are
based on a prepetition security agreement, the same were for the
benefit of the estate, which allowed time for the sale of the
Debtor's main asset and ultimately, the confirmation of the
Debtor's chapter 11 plan. These events were not in controversy. The
real property sold for $2,200,000 was encumbered in an amount
exceeding $23,000,000 and the funds were to be distributed in
accordance with the terms of the confirmed chapter 11 liquidation
plan. The funds consigned with the Clerk of Court would be
disbursed to class 1 creditors, that is, TDF and/or BPPR, depending
on the agreement of the two or upon a court order. No other
creditor was affected. The parties failed to reach an agreement.

The court agrees with TDF that "TDF's disbursement post-petition
allowed the instant proceeding to exist as a Chapter 11. Conversion
to Chapter 7 would have been detrimental to creditors, resulting in
unavoidable delays and higher administrative expenses. The
disbursement made by TDF thus provided actual benefit to the
estate." In addition, the court also agrees with TDF that Rule
59(e) may not be used to present new arguments.

The bankruptcy case is in re: COCO BEACH GOLF & COUNTRY CLUB, SE,
CHAPTER 11, Debtor, Case No. 15-05312 (ESL) (Bankr. D.P.R.).

A copy of the Court's Opinion dated July 24, 2020 is available at
https://bit.ly/31qCSQX from Leagle.com.

                     About Coco Beach Golf

Coco Beach Golf & Country Club, S.E., is the owner of a first
class
golf and country club in Rio Grande, Puerto Rico, currently
operating under the name of Trump International Golf Club Puerto
Rico.  Completed in 2005, Trump International Golf Club has two
18-hole golf courses and country club facilities on a parcel land
with a total surface area of 2,501,944.021 square meters,
equivalent to 636.5629 "cuerdas".

The Company sought Chapter 11 protection (Bankr. D.P.R. Case No.
15-05312) in Old San Juan, Puerto Rico, on July 13, 2015, and
immediately filed a motion seeking to sell most of the assets for
$2.04 million in cash to OHorizons Global, LLC, subject to higher
and better offers.

The Debtor tapped Charles A. Cuprill-Hernandez as bankruptcy
counsel but the attorney resigned on Oct. 22, 2015.

The Debtor later hired Wigberto Lugo Mender and the firm of Lugo
Mender Group LLC., who will serve as attorneys

The Debtor in August 2015 won approval to hire Certified Public
Accountant (CPA) Luis R. Carrasquillo & CO. PSC, as financial
consultant.  CPA Carrasquillo resigned from his appointment.


COMCAR INDUSTRIES: Court Approves Bid to Nix Sale to Ex-Director
----------------------------------------------------------------
Alex Wolf, writing for Bloomberg Law, reports that bankrupt Comcar
Industries Inc. received court approval to withdraw a request to
sell one of its trucking business units to a former board chairman
after discovering the deal would amount to a giveaway of valuable
assets.

The Auburndale Fla.-based hauling company asked to withdraw the
sale after a committee of creditors complained it was "reminiscent
of Tom Sawyer's swindle."  Comcar would get little in return for
the assets and the sale would release ousted director Mark Bostick
from potential litigation over a $500,000 severance payment, the
committee said.

                     About Comcar Industries

Comcar Industries -- https://comcar.com/ -- is a transportation and
logistics company headquartered in Auburndale, Fla., with over 40
strategically-located terminal and satellite locations across the
United States.

On May 17, 2020, Comcar Industries and related entities sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-11120).  In
the petitions signed by CRO Andrew Hinkelman, Comcar Industries was
estimated to have $50 million to $100 million in assets and
liabilities as of the bankruptcy filing.

The Hon. Laurie Selber Silverstein is the presiding judge.

The Debtors tapped DLA Piper LLP (US) as counsel; FTI Consulting,
Inc. as financial advisor; and Bluejay Advisors, LLC as investment
banker.  Donlin Recano & Company, Inc. is the claims agent.


CONSOLIDATED LAND: KCP Wants Equity Investor Identified
-------------------------------------------------------
KCP Seven Ground, LLC ("KCP"), filed its objection to the Joint
Disclosure Statement for Consolidated Land Holdings, LLC, Appleton
Land, LLC, 100 Berlin Land, LLC, 200 STL Land, LLC, 204 Fox Land,
LLC, 205 Wolf Land, LLC, 5500 Midland Land, LLC & High Point Land,
LLC.

KCP asserts that the Debtors' Disclosure Statement does not contain
sufficient information to allow creditors to make an informed
decision regarding whether to accept or reject the Plan.

KCP complains that the Disclosure Statement provides insufficient
information about the unnamed "Equity Investor," its relationship
to the Debtors or their managers or the conditions under which the
"Equity Infusion" is being made and how it will be utilized.

KCP points out that the Disclosure Statement fails to include any
financial information (including projections) or a liquidation
analysis that would allow them to assess the purchase price to be
paid by the Equity Investor for its acquisition of all interests in
the Debtors and/or the potential value of the Debtors’ operations
going forward, as is necessary to determine whether the Plan is
being proposed in good faith.

According to KCP, the Debtors need to provide information regarding
the Debtors' projections and future management to meet the
requirements of 1129(a)(11) and (a)(5) respectively.

KCP asserts that the Disclosure Statement fails to disclose what
happens to the KCP's lien on Land Capital's interest in CLH's
membership interests, or how KCP's interest will be treated in the
Plan.  Moreover, the Disclosure Statement fails to explain how
extinguishment of CLH's equity is fair and equitable to KCP.

Attorneys for KCP Seven Ground:

     Michael S. Budwick, Esq.
     James C. Moon, Esq.
     MELAND RUSSIN & BUDWICK, P.A.
     3200 Southeast Financial Center
     200 South Biscayne Boulevard
     Miami, Florida 33131
     Telephone: (305) 358-6363
     Telecopy: (305) 358-1221
     mbudwick@melandrussin.com
     jmoon@melandrussin.com

                 About Consolidated Land Holdings

Consolidated Land Holdings and its subsidiaries are privately held
companies engaged in activities related to real estate.

Consolidated Land Holdings, LLC, and 21 affiliates concurrently
filed voluntary petitions seeking relief under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 19-04760) on July
22, 2019. The petitions were signed by Joseph G. Gillespie III,
manager. At the time of filing, the Debtors estimated $50 million
to $100 million in both assets and liabilities.

The Debtors are represented by R Scott Shuker, Esq. at Latham,
Shuker, Eden & Beaudine, LLP.


CONSOLIDATED LAND: Red Lion Questions New Franchise Agreement
-------------------------------------------------------------
Red Lion Hotels Franchising, Inc. ("RLHF") objects to the
Consolidated Land Holdings, LLC, et al.'s Joint Disclosure
Statement because it does not provide sufficient information to
adequately disclose how the Debtors will accomplish the actions
proposed as part of their plan of reorganization.

RLHF points out that the Disclosure Statement lacks adequate
information because the Debtors do not explain how Appleton Land
will enter into a new franchise agreement with Radisson when it
does not operate the hotel.

RLHF further points out that the Debtors fail to explain how
Appleton Land can obtain a new franchise agreement when it does not
have any rights to the hotel operations.

RLHF asserts that the Disclosure Statement should not be approved
without clearly indicating (i) what the Debtors' intention is with
respect to how Appleton Land will enter into a franchise agreement,
and (ii) how the Debtors will obtain the equity infusion they need
and from whom.

Counsel for Red Lion Hotels Franchising, Inc.:

     Brian McDowell
     Robert Davis
     Holland & Knight LLP
     200 South Orange Avenue, Suite 2600
     Orlando, Florida 32801
     Phone: (407) 425-8500
     Fax: (407) 244-5288

         - and -

     Hugh McCullough
     Lauren Dorsett
     Davis Wright Tremaine LLP
     920 Fifth Avenue, Suite 3300
     Seattle, WA 98104-1610
     Tel: 206-622-3150
     E-mail: hughmccullough@dwt.com
             laurendorsett@dwt.com

                About Consolidated Land Holdings

Consolidated Land Holdings and its subsidiaries are privately held
companies engaged in activities related to real estate.

Consolidated Land Holdings, LLC, and 21 affiliates concurrently
filed voluntary petitions seeking relief under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 19-04760) on July
22, 2019. The petitions were signed by Joseph G. Gillespie III,
manager. At the time of filing, the Debtors estimated $50 million
to $100 million in both assets and liabilities.

The Debtors are represented by R Scott Shuker, Esq. at Latham,
Shuker, Eden & Beaudine, LLP.


CONSOLIDATED LAND: Wells Fargo Says Plan Unconfirmable
------------------------------------------------------
Wells Fargo Bank, National Association, as trustee for the benefit
of the holders of UBS Commercial Mortgage 2017-C3, UBS Commercial
Mortgage 2017-C2 and Credit Suisse CASIL 2017-CX9 Mortgage Trust
Commercial Mortgage Pass-Through Certificates, along with Midland
Loan Services, a division of PNC Bank in the roles of the Master
Servicer and Special Servicer ("Lender"), filed its objection to
the Joint Disclosure Statement for Consolidated Land Holdings, LLC,
Appleton Land, LLC, 100 Berlin Land, LLC, 200 STL Land, LLC, 204
Fox Land, LLC, 205 Wolf Land, LLC, 5500 Midland Land, LLC, & High
Point Land, LLC.

Lender points out that the Disclosure Statement is a masterpiece of
obfuscation, concealing the real issues from the Court and
creditors and impeding them from reasonably determining the Land
Debtors' true proposal.

Lender asserts that the Disclosure Statement fails to provide
adequate information for creditors to make an informed judgment
regarding how to vote upon the Plan when it wholly fails to include
financial projections of any kind.

Lender complains that the Land Debtors also concealed prepetition
conduct that either impaired or converted the Lender's collateral.


According to Lender, the Land Debtors pin their quixotic hopes for
cramdown on a request to have the Court cast aside market scrutiny
of the Land Debtors' assets and instead substitute an appraisal
valuation purportedly showing a precipitous decline in value from
the collateral value of not less than $61,579,490 to which they
stipulated as of the petition date.  In so doing, the Land Debtors
conveniently ignore that such a failure of adequate protection
creates a super-priority administrative expense that must be paid
in full, in cash on the effective date of the plan.

Lender points out that the Disclosure Statement is riddled with
gaps where it should have provided important information.

Lender asserts that the Land Debtors have failed to comply with key
orders that this Court has entered in these cases.  That
non-compliance means that the Land Debtors are not going to be able
to satisfy 11 U.S.C. Sec. 1129(a)(1) or (2).

Lender complains that the Disclosure Statement also fails to
disclose the Second Agreed Order Granting Debtor's Second Motion to
Extend Exclusivity [Docket No. 395, April 1, 2020] ("Second Agreed
Exclusivity Order").

According to Lender, the Disclosure Statement is plainly
inadequate.  A cursory review of the Disclosure Statement will
confirm its inadequacies when measured against longstanding factors
that bankruptcy courts consider.  Most fundamentally, it lacks
sufficient information to enable the creditor with the only real
direct stake in the Debtors, the Lender, to make a determination
whether to accept the Plan that the Debtor has filed.

Lender points out that the Disclosure Statement does not explain
the rent payment structure or even who is required to pay what to
whom and who owns what.  Indeed, certain elements of the Plan
presuppose a structure at odds with the reality of the Land
Debtors’ structure, making it nearly impossible to understand
what the Land Debtors actually are proposing.

Lender asserts that since the Land Debtors' Plan does not provide
for payment of the Lender's Section 507(b) amount, the Land
Debtors' Plan is unconfirmable on its face. Thus, the Court cannot
approve the Disclosure Statement.

Local Counsel for Lender:

     ROY S. KOBERT, ESQUIRE
     GrayRobinson, P.A.
     301 E. Pine Street, Suite 1400
     Orlando, FL 32801
     Tel: (407) 843-8880
     Fax: (407) 244-5690

Lead Counsel for Lender:

     GARY F. EISENBERG, ESQUIRE
     Perkins Coie, LLP
     1155 Avenue of the Americas
     22nd Floor
     New York, NY 10036-2711
     Tel: (212) 262-2902
     Fax: (212) 977-1632
     E-mail: geisenberg@perkinscoie.com

               About Consolidated Land Holdings

Consolidated Land Holdings and its subsidiaries are privately held
companies engaged in activities related to real estate.

Consolidated Land Holdings, LLC, and 21 affiliates concurrently
filed voluntary petitions seeking relief under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 19-04760) on July
22, 2019.  The petitions were signed by Joseph G. Gillespie III,
manager.  At the time of filing, the Debtors estimated $50 million
to $100 million in both assets and liabilities.

The Debtors are represented by R Scott Shuker, Esq. at Latham,
Shuker, Eden & Beaudine, LLP.


DJJ ENTERPRISES: Court Confirms Reorganization Plan
---------------------------------------------------
Judge Gary Spraker has ordered that the DJJ Enterprises, LLC's Plan
is confirmed.

DJJ Enterprises' financial projections show that the Debtor will
have projected disposable income for the period described in Sec.
1191(c)(2) of not less than $17,800 over the next three years.

Class 2 Secured claim of On Deck Capital is impaired.  Each holder
of a Class 2 Allowed Secured Claim will be satisfied in full by the
payment of $843 per month commencing by the 15th day of the month
following the Effective Date.

Class 3 Secured claim of LG Funding is impaired.  Each holder of a
Class 3 Allowed Secured Claim shall be satisfied in full by the
payment of $392 per month commencing by the 15th day of the month
following the Effective Date.

Class 4 Secured claim of Global Funding Experts is impaired.  Per
agreement of the parties, the claim of Global Funding Experts
(Class 4) shall be an Allowed Secured Claim in the amount of
$10,000.  This claim shall be satisfied in full by the payment of
$278 per month commencing by the 15th day of the month following
the Effective Date.

Class 5 Secured claim of Geneva Capital is impaired.  Each holder
of a Class 5 Allowed Secured Claim shall be satisfied in full by
the payment of $742 per month commencing by the 15th day of the
month following the Effective Date.

Class 6 Secured claim of Key Equipment Finance is impaired.  Each
holder of a Class 6 Allowed Secured Claim will be satisfied in full
by the payment of $392 per month commencing by the 15th day of the
month following the Effective Date.

Class 7 Secured claim of Marks Garage One, LLC, is impaired.  Each
holder of a Class 6 Allowed Secured Claim will be paid in
accordance with the Third Amendment to Lease Agreement dated as of
Nov. 18, 2019, and the Fourth Amendment to Lease Agreement dated as
of March 30, 2020.

Class 8 Other Secured Claims are impaired. Each holder of an
Allowed Secured Claim in this Class shall be satisfied in full by
equal monthly payments of its Allowed Secured Claim, together with
interest, over a period of three years, commencing by the 15th day
of the month following the Effective Date.

Class 9 Non-priority unsecured creditors are impaired.  Each holder
of an allowed general unsecured, non-priority claim will receive
its pro rata share of the sum of $1,500 per calendar quarter,
commencing by Sept. 15, 2020, and continuing by the immediately
following Dec. 15, March 15, June 15, and Sept. 15 and so on
thereafter during the three-year term of the Plan.

The Plan will be funded through: (1) cash flow generated from
operations; (2) infusions of money from Mr. Judd's mother, Ms.
Gore, on an "as needed" basis, per the form of Revolving Credit
Agreement and Promissory Note.  Additional funding shortfalls may
also be addressed by Mr. Judd reducing his salary on as "as needed"
and interest-free basis.

A full-text copy of the Chapter 11 Plan of Reorganization dated
July 20, 2020, is available at https://tinyurl.com/yxlypdos from
PacerMonitor.com at no charge.

Attorneys for Debtor:

     ZACHARIAH LARSON, ESQ.
     MATTHEW C. ZIRZOW, ESQ.
     LARSON & ZIRZOW, LLC
     850 E. Bonneville Ave.
     Las Vegas, Nevada 89101

                      About DJJ Enterprises

DJJ Enterprises, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Nev. Case No. 18-16615) on Nov. 5, 2018, disclosing
under $1 million in both assets and liabilities.  The Debtor tapped
Matthew C. Zirzow, Esq., at Larson Zirzow & Kaplan, LLC, as
bankruptcy counsel, and Knight Law, as special litigation counsel.


DJL BUILDERS: Plan Confirmed; Unsecureds to Get 100% Over Time
--------------------------------------------------------------
Judge Thomas J. Tucker has ordered that the Disclosure Statement
filed by DJL Builders, Inc. with the Court on April 27, 2020, is
granted final approval as containing adequate information under the
terms and conditions of 11 U.S.C. Sec. 1125.

The Second Amended Combined Plan and Disclosure Statement filed by
the Debtors on April 28, 2020, as modified, is confirmed under 11
U.S.C. §1129.

That the arrearage and past due rent claim of DJL's landlord, the
Edwin A. Schultz Trust and the Timothy C. Yee Trust, will be paid
as follows: one monthly payment on August 28, 2020 and September
28, 2020 and two monthly payments on October 28, 2020. The Debtors
will pay the Edwin A. Schultz Trust and the Timothy C. Yee Trust
the amount of $1,500.00 on September 15, 2020, in connection with
the sample cabinetry that was removed and returned to the
manufacturer under the Debtors’ agreement with such
manufacturer.

The priority claims, to the extent such exist, of the Internal
Revenue Service, the State of Michigan, Department of Treasury and
the State of Michigan, Unemployment Insurance Agency, will be paid
in full within 60 months of the Petition Date in equal monthly
installments beginning on the 28th day of the 6th full month after
the Confirmation Date and continuing on the 28th day of each
consecutive month thereafter until such time as the Claims are paid
in full.

The secured claims of the IRS will be satisfied in full within 60
months of the Petition Date in equal monthly payments, with
interest at the statutory rate, beginning the first full month
after the Confirmation Date.  The IRS will retain its lien in and
to the same extent and same priority as on the Petition Dated in
the Debtors' pre-confirmation and post-confirmation replacement
assets until such time as its secured claim is paid in full.

That Ferguson Enterprises, Inc., will have a non-dischargeable
claim under the Michigan Building Contract Fund Act in the amount
of $57,818.18. The Ferguson Enterprises’ claim will be paid in 60
equal monthly payments beginning on the 25th day of 4th full month
after the Effective Date.

That the Debtors will pay the past due payments due to Ford Motor
Credit by making regularly scheduled payments as follows: July 14,
2020; July 31, 2020, August 18, 2020 and August 31, 2020.

That Functional Floors will have a non-dischargeable claim under
the Michigan Building Contract Fund Act in the amount of $6,264.00
which will be paid under the terms of the Class III Plan
treatment.

That the Debtors will pay the Class IV general unsecured claims in
14 equal payments beginning on the last business day of the third
quarter of 2021 and continuing on the last business day of each
consecutive quarter until paid in full.

                      About DJL Builders

DJL Builders, Inc., is a Michigan corporation, founded by David J.
Latawiec in 2009, which provides home remodeling services to
homeowners in southeastern Michigan. David J. Latawiec is the sole
shareholder.

DJL Builders, Inc., filed a Chapter 11 petition (Bankr. E.D. Mich.
Case No. 19-56856) on Nov. 29, 2019.  Lynn M. Brimer, Esq. --
lbrimer@stroblpc.com -- at STROBL SHARP PLLC is the Debtor's
counsel.


DM WORLD: To Seek Plan Confirmation on Sept. 9
----------------------------------------------
Judge Lori V. Vaughan has ordered that the Disclosure Statement of
DM World Transportation LLC is conditionally approved.

A hearing will be held on Sept. 9, 2020 at 2:00 p.m. in Courtroom
C, Sixth Floor, of the United States Bankruptcy Court, 400 West
Washington Street, Orlando, Florida 32801 to consider and rule on
the disclosure statement and any objections or modifications and,
if the Court determines that the disclosure statement contains
adequate information within the meaning of 11 U.S.C. Sec. 1125, to
conduct a confirmation hearing.

Any party desiring to object to the Disclosure Statement or to
confirmation of the Plan must file its objection no later than
seven days before the date of the Confirmation Hearing.

Creditors and other parties in interest must file with the clerk
their written acceptances or rejections of the plan (ballots) no
later than seven days before the date of the Confirmation Hearing.

In accordance with Local Bankruptcy Rule 3018-1, the debtor must
file a ballot tabulation no later than two days before the date of
the Confirmation Hearing.

                 About DM World Transportation

DM World Transportation, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-02684) on May 12,
2020. At the time of the filing, Debtor had estimated assets of
between $1 million and $10 million and liabilities of between $10
million and $50 million.  Judge Lori V. Vaughan oversees the case.

The Debtor has tapped the Law Firm of Shuker & Dorris, P.A. as its
legal counsel and David M. Cole, CPA, LLC as its tax accountant.

The U.S. Trustee for Region 21 appointed a committee of unsecured
creditors on June 2, 2020. The committee is represented by
Greenberg Traurig, P.A.


ECO-STIM ENERGY: Court Approves Disclosure Statement
----------------------------------------------------
David R. Jones has ordered that the Disclosure Statement of
Eco-Stim Energy Solutions, Inc., EcoStim, Inc., contains "adequate
information" with respect to the Debtors, the Plan, and the
transactions contemplated therein, and is approved in all
respects.

All requirements for Confirmation of the Plan have been satisfied.
The Plan is approved in its entirety and confirmed.

Eco-Stim Energy Solutions, Inc., EcoStim, Inc., First Amended
Disclosure Statement.

The Plan provides for the substantive consolidation of the Debtors
and the vesting of all assets of the Debtors in a liquidating trust
(the "Liquidating Trust") which will be charged with preservation
and distribution to creditors of the proceeds of said assets,
including: (i) any and all interests and assets of the Debtors,
including all of the Debtors' books, records, office assets,
available cash on hand as of the Effective Date (provided, however,
that KCQ shall maintain possession of its retainer until the
Bankruptcy Court has rendered a Final Order on KCQ's final fee
application) (the "Initial Trust Funding"); (ii) the Eco Argentina
Interests and assets, including Net Cash Proceeds from any
collections by Eco Argentina and/or the liquidation thereof; (iii)
the Viking Holding Interests and assets, including any Net Cash
Proceeds from any collections by Viking Holdings and/or the
liquidation thereof; (iv) the Viking Interests and assets,
including the Net Cash Proceeds from any collections by Viking
Interests and/or the liquidation thereof; (v) the Cherokee
Interests and assets, including Net Cash Proceeds from any
collections by Cherokee and/or the liquidation thereof; (vi) all
Causes of Action not explicitly released under the Plan; (vii) all
other rights of the Debtors to payments set forth herein; (viii)
all deposits and retainers held by third-parties (provided,
however, that KCQ will maintain possession of its retainer until
the Bankruptcy Court has rendered a Final Order on KCQ’s final
fee application); and (ix) all products and proceeds from any of
the foregoing (items i-viii herein, the "Liquidating Trust
Assets"), all as provided in the terms and timeframes as follows:

   1. The Plan contemplates substantive consolidation of the
Debtors' Estates.

   2. The Debtors will continue to operate as debtors-in-possession
from the Petition Date until the Effective Date.

   3. On the Effective Date, the Liquidating Trust will be
established, pursuant to the terms of a liquidation trust agreement
(the "Liquidation Trust Agreement"). The Liquidation Trust shall
have the authority and duty to, among other things: (i) receive,
manage, invest, supervise, and protect the Liquidating Trust
Assets; (ii) pay taxes or other obligations incurred by the
Liquidating Trust; (iii) retain and compensate, without further
order of the Bankruptcy Court, the services of employees,
professionals and consultants to advise and assist in the
administration, prosecution and distribution of Liquidating Trust
Assets; (iv) calculate and implement Distributions of Liquidating
Trust Assets; (v) investigate, prosecute, compromise, and settle
Causes of Action vested in the Liquidating Trust, in accordance
with the specific terms of the Liquidating Trust Agreement; (vi)
resolve issues involving Claims and Equity Interests in accordance
with this Plan, including but not limited to objecting to Claims;
and (vii) undertake all administrative functions of the Plan and
the Debtors’ Chapter 11 cases, including the payment of fees
payable to the United States Trustee and the ultimate closing of
the Debtors’ Chapter 11 cases.

   4. On the Effective Date, a Liquidating Trust Committee will be
formed that shall provide oversight and direction to the
Liquidating Trustee in accordance with the terms of the Liquidating
Trust Agreement. The Liquidating Trust Committee shall be composed
of no fewer than 3 members, selected by the Committee, unless the
Trust Agreement provides otherwise.

   5. All Allowed Administrative Claims will be paid on or before
the Effective Date, unless otherwise agreed as set forth in the
Confirmation Order.

   6. All Allowed Priority Tax Claims will be treated in accordance
with Section 1129(a)(9)(c) of the Bankruptcy Code.

   7. All Allowed Class 1 Secured Claims, to the extent any exist,
will be paid in full and in Cash on the Effective Date.

   8. All Allowed Class 2 General Unsecured Claims will be accorded
the following treatment: Except to the extent that a holder of an
Allowed General Unsecured Claim agrees to a different treatment,
until the earlier of: (i) each such holder being paid in full on
account of its Allowed General Unsecured Claim, and (ii) the Trust
Disbursement Termination Date, in full and final satisfaction and
discharge of and in exchange for each Allowed General Unsecured
Claim, each holder of an Allowed General Unsecured Claim shall
receive: (a) on the Distribution Date, such holder’s Pro Rata
share (among holders of Allowed Class 2 Claims) of the
Distribution; (b) in the event of the occurrence of a Liquidating
Event, such holder’s Pro Rata share (among holders of Allowed
Class 2 Claims) of Net Cash Proceeds from such Liquidating Event;
and (c) such holder’s Pro Rata share (among holders of Allowed
Class 2 Claims) of Distributions from all other Liquidating Trust
Assets; provided, however, that no Distributions to Allowed General
Unsecured Claims shall be made prior to payment in full of all
Allowed Secured, Priority, Administrative Claims, and expenses of
the Liquidating Trust.

   9. All Class 3 Equity Interests in Solutions shall be deemed
canceled upon the Effective Date. Class 3 Equity Interests in
Solutions will accordingly be deemed to automatically reject the
Plan and shall not vote on acceptance or rejection of the Plan.

  10. All Class 4 Equity Interests in Eco Inc. shall be deemed
canceled upon the Effective Date. Class 4 Equity Interests in Eco
Inc. will accordingly be deemed to automatically reject the Plan
and shall not vote on acceptance or rejection of the Plan.

  11. Except as otherwise specifically provided in the Plan or in
the Confirmation Order, entry of the Confirmation Order shall: (i)
release the Debtors and the entirety of their property and assets
from all Claims other than Allowed Secured Claims that existed or
arose before the Confirmation Date and extinguish as to the Debtors
all liabilities in respect of any Claim or other obligation, with
the treatment of and consideration to be received by holders of
Allowed Claims pursuant to the Plan in full satisfaction,
settlement, discharge, and release of and in exchange for such
holders’ respective Claims against the Debtors and the Estates;
(ii) relieve of any liability, unless expressly preserved in the
Plan, the Debtors and their Professionals, the Committee and their
Professionals, and the U.S. Trustee (along with all of their
respective successors and assigns) from any liability to any Entity
for any Claims or Causes of Action arising on or after the Petition
Date (except to the extent such Claims or Causes of Action relate
to breach of fiduciary duty, fraud, gross negligence or willful
misconduct); and (iii) except as otherwise specifically provided in
the Plan, the Confirmation Order, and the Liquidating Trust
Agreement , enjoin all Persons that have held, currently hold or
may hold a Claim against the Debtors or the Estates from (a)
commencing or continuing any suit, action or other proceeding of
any kind against the Debtors, the Estates, the Committee, the Trust
Assets, or the Liquidating Trustee (except for objections to
pre-petition fees and outstanding retainers), (b) enforcing,
levying, attaching, or collecting any judgment, award, decree, or
order against the Debtors, the Estates, the Committee, the
Liquidating Trust Assets, or the Liquidating Trustee (or any of
their respective Affiliates, Representatives and Professionals),
(c) creating, perfecting or enforcing any lien, charge, encumbrance
or other Lien of any kind against the Debtors, the Estates, the
Committee, the Plan, the Trust Assets, or the Liquidating Trustee
(or any of their respective Affiliates, Representatives and
Professionals) (d) except for the State of Texas, asserting any
setoff, right of subrogation or recoupment against any debt,
liability or obligation due to the Debtor, the Estate, the
Committee, the Plan, the Trust Assets, or the Liquidating Trustee
(or any of their respective Affiliates, Representatives and
Professionals), and (e) otherwise proceeding in any manner,
directly or indirectly, in any place whatsoever against the
Debtors, the Estates, the Committee, the Plan, the Trust Assets, or
the Liquidating Trustee (or any of their respective Affiliates,
Representatives and Professionals); provided, however, that the
aforementioned injunctions shall specifically exclude Management,
Insiders, Affiliates, Insiders of Affiliates, and Affiliates of
Insiders of the Debtors as are defined in this Disclosure
Statement, the Plan, and/or in the Bankruptcy Code; provided,
further, that nothing contained within this injunction provision
shall to apply to any acts, omissions, Claims, Causes of Action or
other obligations which are expressly preserved within the Plan.

A full-text copy of the First Amended Disclosure Statement dated
July 20, 2020, is available at https://tinyurl.com/yy5kv7wg from
PacerMonitor.com at no charge.

Counsel for the Debtors:

     Brian A. Kilmer
     Meritt Crosby
     Stephen Risley
     KILMER CROSBY & QUADROS PLLC
     712 Main Street, Ste. 1100
     Houston, Texas 77002
     Telephone: 713-300-9662
     Fax: 214-731-3117
     Email: bkilmer@kcq-lawfirm.com
     Email: mcrosby@kcq-lawfirm.com
     Email: srisley@kcq-lawfirm.com

                About Eco-Stim Energy Solutions

Eco-Stim Energy Solutions, Inc., is an oilfield service and
technology company offering pressure pumping and well completion
services and field management technologies to oil and gas producers
drilling in the U.S. and international unconventional shale
markets. In addition to conventional pumping equipment, EcoStim
offers its clients completion techniques that can dramatically
reduce horsepower requirements, emissions and surface footprint.

Eco-Stim filed a Chapter 11 petition (Bankr. S.D. Tex. Case Nos.
20-32167 & 20-32169) on April 16, 2020.  Judge David R. Jones
oversees the case. The Debtors are represented by Brian A. Kilmer,
Esq., of KILMER CROSBY & QUADROS PLLC.


EP ENERGY: Unsecureds Will Get Nothing in Plan
----------------------------------------------
EP Energy Corporation and its affiliated debtors filed a Disclosure
Statement for Fifth Amended Joint Chapter 11 Plan.

Holders of Allowed Unsecured Claims (i.e., 1.25L Notes Claims, 1.5L
Notes Claims, Unsecured Notes Claims, and General Unsecured Claims,
but not Convenience Class Claims) will not receive any distribution
on account of such Allowed Unsecured Claims. Although holders of
Unsecured Claims are receiving no recovery under the Plan,
following discussions with the Creditors' Committee, the Plan
provides for payment of the reasonable and documented compensation,
fees, expenses and disbursements incurred by the 1.25L Notes
Trustee, the 1.5L Notes Trustees, and the Unsecured Notes Trustees.
In addition, the Debtors have agreed to waive avoidance actions
against Ongoing Trade Parties following the Effective Date.  If the
Debtors determine that a Person or Entity designated as an Ongoing
Trade Party will no longer be designated as such after the
Effective Date and will not be subject to the release granted
pursuant to Section 10.11(b) of the Plan (providing for the
Debtors’ release of Avoidance Actions against Ongoing Trade
Parties), the Debtors shall provide notice of such a determination
in writing to such Person or Entity.  Such Person or Entity shall
have thirty (30) days to object in writing to the Debtors'
determination, after which the parties may schedule a hearing with
the Bankruptcy Court seeking a ruling with respect to such
objection.

MSB asserts that claims and equitable remedies may or have arisen
since the Petition Date and that this may give rise to remedies
including termination of the MSB Leases.  If successful, the
termination of the MSB Leases may materially impact the Debtors’
projections and performance of the Plan. The Debtors dispute the
validity of any such claims and equitable remedies.

A full-text copy of the Disclosure Statement for Fifth Amended
Joint Chapter 11 Plan dated July 20, 2020, is available at
https://tinyurl.com/y4t992fc from PacerMonitor.com at no charge.

Attorneys for the Debtors:

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

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

                  About EP Energy Corporation

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

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

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

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

Judge Marvin Isgur oversees the case.

The Debtors tapped Weil, Gotshal & Manges LLP as legal counsel;
Evercore Group L.L.C. as investment banker; and FTI Consulting,
Inc. as financial advisor. Prime Clerk LLC is the claims agent. On
Jan. 13, 2020, Judge Marvin Isgur entered findings of fact,
conclusion of law, and order confirming the Fourth Amended Joint
Chapter 11 Plan of EP Energy Corporation and its Affiliated
Debtors.


EVOKE PHARMA: Eversana Appoints Quesenberry as Gimoti CCO
---------------------------------------------------------
Evoke Pharma, Inc., and Eversana Life Science Services, LLC, the
Company's commercial partner, announced that Eversana has appointed
Christopher Quesenberry as chief commercial officer for Gimoti.  In
June 2020, Gimoti was approved by the Food and Drug Administration
for the relief of symptoms in adults with acute and recurrent
diabetic gastroparesis.

Mr. Quesenberry brings over 30 years of experience in building and
executing on commercial strategies for pharmaceutical companies and
has held roles across the breadth of sales, marketing and
operations.  He previously spent 27 years between Novo Nordisk and
Merck & Co. culminating in positions of Senior Director in
Commercial Strategy, as well as senior sales director in commercial
operations, respectively.  Recently, Mr. Quesenberry served as the
vice president of Global Commercial Effectiveness, providing
leadership for Sales, Market Access, Sales Operations in addition
to other commercial functions at Nalpropion Pharmaceuticals.

The commercialization collaboration between the Company and
Eversana calls for a wide collection of business functions to be
headed by Eversana.  Mr. Quesenberry is leading the
commercialization efforts across multiple functional teams driving
senior decision making for strategy and guiding the building of the
sales team amongst other responsibilities.

                     About Evoke Pharma

Headquartered in Solana Beach, California, Evoke --
http://www.evokepharma.com/-- is a specialty pharmaceutical
company focused primarily on the development of drugs to treat GI
disorders and diseases.  The Company is developing Gimoti, a nasal
spray formulation of metoclopramide, for the relief of symptoms
associated with acute and recurrent diabetic gastroparesis in adult
women.

Evoke Pharma recorded a net loss of $7.13 million for the year
ended Dec. 31, 2019, compared to a net loss of $7.57 million for
the year ended Dec. 31, 2018.  As of June 30, 2020, the Company had
$8.27 million in total assets, $8.64 million in total liabilities,
and a total stockholders' deficit of $373,676.

BDO USA, LLP, in San Diego, California, the Company's auditor since
2014, issued a "going concern" qualification in its report dated
March 12, 2020, citing that the Company has suffered recurring
losses from operations and has not generated revenues or positive
cash flows from operations.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


FIRST FLORIDA: Seeks to Delay Mediation, Disclosure Deadlines
-------------------------------------------------------------
Creditors Melvin R. Kunz and Marian Kunz move the Court to enter an
order enlarging the deadline set forth in the Court's Order
Granting Joint Motion for An Order of Referral to Mediation and to
Continue the June 29, 2020 Hearing on the Approval of the First
Florida Living Options, LLC's Disclosure Statement.

First Florida Living Options, LLC, is a debtor under the provisions
of chapter 11 of the bankruptcy code, having filed a voluntary
petition on July 22, 2019.

In an intentional attempt to avoid payment of the Kunz Judgment and
collection efforts by Kunz through Attorney Andrews, the debtor
filed for relief under the Chapter 11 bankruptcy case.  Melvin and
Marian believe that there are sufficient funds available to the
debtor to pay most, if not all of the amount owed on the Kunz
Judgment from the Debtor's operations and from avoidable transfers.


Attorney Andrews is co-counsel for Melvin and Marian with Camille
Iurillo of Iurillo Law Group, P.A.  Iurillo Law Group, P.A, is
acting primarily in the capacity as bankruptcy counsel.

Attorney Andrews is the primary caregiver for his wife who is
suffering from a debilitating medical condition.

Attorney Andrews practice has been significantly impaired by the
unprecedented COVID pandemic.  Combined with his personal
responsibilities, Mr. Andrews has been limited in his ability to
conduct expedited discovery to meet the uniquely fast-moving
bankruptcy practice as distinguished from Mr. Andrews' state court
practice.  Moreover, Mr. Andrews has undergone surgery recently
that has temporarily impacted his ability to practice law.

Melvin and Marian move the Court to enlarge the time set forth in
the Mediation Order to attend mediation for an additional 60 to 90
days and to continue the hearing for approval of the Debtor's
Disclosure statement for an additional 60 to 90 days.

Attorney for Creditors Melvin R. Kunz and Marian Kunz:

     Camille J. Iurillo, Esquire
     IURILLO LAW GROUP, P.A.
     5628 Central Avenue
     St. Petersburg, FL 33707
     (727) 895-8050 telephone
     (727) 895-8057 facsimile
     ciurillo@iurillolaw.com

               About First Florida Living Options

First Florida Living Options LLC, formerly known as Surrey Place of
Ocala, conducts its business under the names Hawthorne Health and
Rehab of Ocala, Hawthorne Village of Ocala and Hawthorne Inn of
Ocala. The company is based in Ocala, Fla.

First Florida Living Options filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 19-02764) on July 22, 2019.  The petition was
signed by John M. Crock, vice president of Florida Living Options.
The Debtor was estimated to have $1 million to $10 million in both
assets and liabilities as of the bankruptcy filing. Judge Jerry A.
Funk oversees the case. Johnson Pope Bokor Ruppel & Burns, LLP is
the Debtor's bankruptcy counsel.


FORGE DRILLING: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Forge Drilling Tools, LLC
        21710 Arlene Dr.
        Magnolia, TX 77355

Business Description: Forge Drilling Tools, LLC --
                      https://forgedrillingtools.com -- is in the
                      business of metalworking machinery
                      manufacturing.

Chapter 11 Petition Date: August 26, 2020

Court: United States Bankruptcy Court
       Southern District of Texas

Case No.: 20-34294

Judge: Hon. Jeffrey P. Norman

Debtor's Counsel: Leonard Simon, Esq.
             PENDERGRAFT & SIMON LLP
                  2777 Allen Parkway Suite 800
                  Houston, TX 77019
                  Tel: 713-528-8555
                  Email: lsimon@pendergraftsimon.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Greg Ward, manager.

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

https://www.pacermonitor.com/view/4OIXYHY/Forge_Drilling_Tools_LLC__txsbke-20-34294__0001.0.pdf?mcid=tGE4TAMA


FRONTIER COMMUNICATIONS: Files Waiver Request With FCC
------------------------------------------------------
Joan Engebretson, writing for Telecompetitor, reports that Frontier
Communications has filed a waiver request with the FCC, the
resolution of which could impact the company's ability to
participate in Phase 1 of the Rural Digital Opportunity Fund RDOF
auction, scheduled to begin in October.

Frontier entered Chapter 11 bankruptcy in April. As the waiver
petition explains, the company expects the bankruptcy court to
confirm its proposed reorganization plan in August, enabling the
company to emerge from bankruptcy "thereafter upon obtaining the
necessary regulatory approvals." That means the company might
emerge from bankruptcy before the RDOF auction concludes. And
therein lies a potential problem.

In that situation, the company's organizational structure as of
when its short-form application to participate in the RDOF auction
was filed would differ from its organizational structure
post-bankruptcy. But RDOF auction rules allow only minor changes to
short-form applications – such as correcting typographical errors
– after the initial short-form deadline.

Accordingly, the Frontier RDOF waiver request seeks to allow the
changes in organizational structure on the short-form application.
The company said it is doing so "out of an abundance of caution."

The filing notes that strict adherence to current rules "would
compel Frontier to choose between 1) emerging from bankruptcy prior
to the end of the auction, being disqualified from the auction and
defaulting on its auction bids or 2) delaying its emergence from
bankruptcy and postponing the benefits of the restructuring to the
company and its customers."

Frontier argues that neither of those choices would be in the
public interest, but that it would be in the public interest for
the FCC to grant the waiver request.

Frontier RDOF Waiver Request

The Phase 1 RDOF auction will award $16 billion in funding to
network operators that commit to deploying broadband in rural areas
where such service is not currently available. Funding will go to
the company that commits to deploying service for the lowest level
of support, with a weighting system favoring bids to provide
higher-speed, lower-latency service.

Even if the FCC approves the Frontier RDOF waiver request, the
company faces considerable challenges in participating in the
auction, as the company is likely to be bidding against fixed
wireless, satellite providers and rural electric cooperatives that
won a lot of money in the previous Connect America Fund broadband
funding auction. In a first for big cable, Charter also plans to
participate in the RDOF auction, and its local service territory
has 40% overlap with Frontier's local service territory.

Frontier may be planning to bid to deploy fixed wireless service,
which would likely enable the company to bid more competitively
than if it were to bid to use fiber-based technology. The company
plans to participate in the upcoming auction of spectrum in the
CBRS band and would likely use any winnings for fixed wireless.

                  About Frontier Communications

Frontier Communications Corporation (NASDAQ: FTR) offers a variety
of services to residential and business customers over its
fiber-optic and copper networks in 29 states, including video,
high-speed internet, advanced voice, and Frontier Secure digital
protection solutions.

Frontier Communications Corporation and 103 related entities sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 20-22476) on
April 14, 2020.  Judge Robert D. Drain oversees the cases.

The Debtors tapped Kirkland & Ellis LLP as legal counsel; Evercore
as financial advisor; and FTI Consulting, Inc., as restructuring
advisor.  Prime Clerk is the claims agent, maintaining the page
http://www.frontierrestructuring.com/and
https://cases.primeclerk.com/ftr

The U.S. Trustee for Region 2 appointed a committee to represent
unsecured creditors in Debtors' Chapter 11 cases.



GENCANNA GLOBAL: Control of Company Heads to 6th Circuit Court
--------------------------------------------------------------
Law360 reports that the fight over the control of hemp company
GenCanna is heading before a Sixth Circuit's bankruptcy appellate
panel right as the company is looking to wrap up its Chapter 11
case.  On July 16, 2020, cannabis company and major GenCanna
shareholder MariMed filed a notice saying it would appeal an order
from U. S. Bankruptcy Judge Gregory Schaaf of Kentucky finding
MariMed had acted improperly when it attempted to replace members
of GenCanna's board of directors and force out GenCanna's president
and chief executive officer. The fight over control of GenCanna
comes after the hemp company sold the bulk of its assets in a
bankruptcy auction.

                     About GenCanna Global USA

GenCanna Global USA, Inc. -- https://www.gencanna.com/ -- 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.


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.

The Debtors tapped Benesch Friedlander Coplan & Aronoff, LLP and
Dentons Bingham Greenebaum, LLP as legal counsel, Huron Consulting
Services, LLC as operational advisor, and Jefferies, LLC as
financial advisor.  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 tapped Foley & Lardner
LLP as its bankruptcy counsel, DelCotto Law Group PLLC as local
counsel, and GlassRatner Advisory & Capital Group, LLC as financial
advisor.


GENCANNA GLOBAL: MariMed Loses Round in Legal Fight
---------------------------------------------------
Debra Borchardt, writing for Green Market Report, reports that
MariMed Inc. has lost its legal battle against GenCanna.

GenCanna, one of Kentucky's largest hemp companies, filed for
voluntary Chapter 11 reorganization with the U.S. Bankruptcy Court
in the Eastern District of Kentucky earlier this year in February.
One problem with GenCanna's bankruptcy filing though was that
MariMed (OTC:MRMD) was one of the largest shareholders in the
company. It had a $34 million claim against the company sparking a
battle over control of the company.

Law360 reported that MariMed lost a round over the efforts to gain
control over the company. The website said that U.S. Bankruptcy
Judge Gregory Schaaf of Kentucky found MariMed had acted improperly
when it attempted to replace members of GenCanna's board of
directors and force out GenCanna's president and chief executive
officer.

                         The Fight Begins

In any bankruptcy cases, debtors are first in line over equity
holders. In the process of working through its bankruptcy, GenCanna
made a deal to sell the bulk of its assets for $75 million. MariMed
was against the deal and had its own plan to reorganize the
company, but apparently couldn’t come up with the money needed
for the plan. According to the Law360 reporting, the court records
demonstrated that GenCanna went with the offer it had.

The court records said that MariMed's president and chief executive
officer Robert Fireman, who also sits on GenCanna's board of
directors, teamed up with another board member, Michael Falcone, to
form a voting bloc controlling 52% of GenCanna's parent company’s
shares. The two apparently pulled GenCanna Chief Executive Officer
Matty Mangone-Miranda, GenCanna President Steve Bevan, and one
other member of the board of the parent company, and installed
Fireman as chairman, according to court records.

The court filings stated that Fireman and Falcone appointed a new
CEO of the parent company, and directed him to get the bankruptcy
case dismissed. The new director of GenCanna USA's board was told
to develop a plan to liquidate the company within 30 days.

The ousted executives, Mangone-Miranda and Bevan asked Judge Schaaf
to step in claiming MariMed's actions violated board rules. The
Judge agreed saying, "Using an equity position that has no chance
of recovery to object to a settlement that is not even filed is an
obvious attempt to exercise control over the case and enhance the
creditor interests," Judge Schaaf wrote. "Further, this also
suggests clear abuse of the governance process that would warrant
action in this court if an injunction was requested. For now, that
analysis is not required."

Basically, since the assets were sold, there is nothing left for
the equity owners like MariMed. Since there’s nothing left for
MariMed, they have no power to make these types of decisions at the
company. GenCanna said it is in settlement negotiations with its
senior secured lender and buyer to resolve claims from the
committee of unsecured creditors. The settlement is expected to
generate roughly $1 million, but the claims are much higher than
that.

The assets were sold to New York-based MGG Investment Group, a
private lender, and one of the company's creditors.

             GenCanna's Pain Inflicted On MariMed

GenCanna's bankruptcy filing also weighed on the shares of MariMed.
In April 2020, MariMed's fourth-quarter 2019 financial results
included a one-time charge of $30.2 million as a result of a
write-off of its investment in GenCanna. CEO Jon Levine said,
"Despite GenCanna's Chapter 11 filing, we believe that it will
emerge with a restructured capital and operational structure that
will allow GenCanna to restore its position as a leader in the hemp
industry. If this occurs, we believe there will be an opportunity
for the value of the assets to be recaptured at a later date.  We
expect to continue our strong relationship with GenCanna and
jointly pursue opportunities in the evolving hemp industry."

MariMed's shares have dropped from 40 cents in February before the
GenCanna bankruptcy and were lately selling at 13 cents.

                        About MariMed Inc.

MariMed Inc., a multi-state cannabis operator, is dedicated to
improving the health and wellness of people through the use of
cannabinoids and cannabis products. The Company develops, owns, and
manages seed to sale state-licensed cannabis facilities, which are
models of excellence in horticultural principles, cannabis
cultivation, cannabis-infused products, and dispensary operations.
MariMed has an experienced management team that has produced
consistent growth and success for the Company and its managed
business units.

MariMed reported a net loss of $81.88 million for the year ended
Dec. 31, 2019, compared to a net loss of $13.31 million for the
year ended Dec. 31, 2018. As of March 31, 2020, the Company had
$65.34 million in total assets, $58.92 million in total
liabilities, $14.72 million in series B convertible preferred
stock, and a total stockholders' deficit of $8.30 million.

M&K CPAS, PLLC, in Houston, Texas, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
March 31, 2020, citing that the Company has suffered recurring net
losses from operations and has a net capital deficiency, which
raises substantial doubt about its ability to continue as a going
concern.

                      About GenCanna Global

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.

The Debtors tapped Benesch Friedlander Coplan & Aronoff, LLP and
Dentons Bingham Greenebaum, LLP as legal counsel, Huron Consulting
Services, LLC as operational advisor, and Jefferies, LLC as
financial advisor.  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 tapped Foley & Lardner
LLP as its bankruptcy counsel, DelCotto Law Group PLLC as local
counsel, and GlassRatner Advisory & Capital Group, LLC as financial
advisor.


GENERAL MOTORS: Layoffs 1,000 Workers from Wentzville Plant
-----------------------------------------------------------
Fox2Now reports that automobile manufacturer General Motors said in
mid-July 2020 that it will cut 1,000 jobs from its plant in
Wentzville, Missouri.

GM Wentzville, which is about 40 miles west of St. Louis, builds
GM's midsize pickups and full-size vans.

According to reports, employees will be reduced from three to two
shifts.  There are about 1,200 workers per shift at the plant.

Some employees say the cuts are due to a drop in sales, blamed on
the pandemic. There is no time frame set yet on the length of the
layoff.

The news came just a week after GM announced plans to close or idle
a dozen other plants nationwide.

                       About General Motors

General Motors Company, commonly referred to as General Motors, is
an American multinational corporation headquartered in Detroit that
designs, manufactures, markets, and distributes vehicles and
vehicle parts, and sells financial services, with global
headquarters in Detroit's Renaissance Center.




GNC HOLDINGS: Harbin's $760M Stalking-Horse Bid Okayed
------------------------------------------------------
NewHope.com reports that by the end of September, the world should
know if Harbin Pharmaceutical Group Holding Co. Ltd. will be the
new owner of GNC Holdings Inc.

Bankruptcy Judge Karen Owens ruled that the stalking horse
agreement between the two companies is satisfactory. Harbin agreed
to bid $760 million plus the assumption of certain liabilities to
establish a minimum purchase price for GNC's assets.

Harbin Pharmaceutical Group Holding Co. Ltd. is an affiliate of
Harbin Pharmaceutical Group, a Chinese company that in 2018 formed
a partnership with GNC Holdings Inc. and become its biggest
shareholder. Harbin invested $300 million in GNC in exchange for
the right to make, market and sell GNC-branded products in China.

If Harbin is outbid during the upcoming auction, it will receive
$15.2 million in termination fees and up to $3 million for
out-of-pocket expenses connected to making its bid, arranging
financing and reaching the stalking horse agreement. Without those
protections, Harbin would not have been willing to submit a
stalking horse bid, the court noted.

"The stalking horse bidder has provided a material benefit to the
debtors [GNC Holdings Inc. and its affiliates] and their creditors
by providing a baseline value, increasing the likelihood of
competitive bidding at the auction, and facilitating participation
of other bidders in the sale process, thereby increasing the
likelihood that the value of the assets will be maximized through
the debtors’ sale process," Owens wrote in her order.

The deadline for other companies to submit a bid is still Sept. 11,
and the auction will still be on Sept. 15. GNC and Harbin have
agreed, though, to extend the closing date to Oct. 31 if Harbin is
the highest bidder. The closing deadline was Oct. 15.

When GNC filed for Chapter 11 protection on June 23, it said it
would either sell the company or reorganize it. GNC faced debt of
$895 million, including $159.1 million of unsecured debt.

While moving forward with its auction plans, GNC also established a
reorganization plan that Owens approved on Wednesday. It will begin
mailing copies of the plan and related paperwork to certain classes
of claims holders; they will have until Oct. 5 to file their
objections. In that package of paperwork, GNC will urge the claims
holders to approve the plan and lay out the consequences of the
plan being rejected:

    GNC could try to create a different reorganization plan.
    GNC could file for Chapter 7 and its assets would be
liquidated.
    The court could dismiss the Chapter 11 case and claims holders
would have to take independent action, such as lawsuits, to recover
their losses.

The company cautions the claims holders that rejection of the plan
could harm its future operations. "Termination of the restructuring
support agreement could result in protracted Chapter 11 cases,
which could significantly and detrimentally impact the debtors’
relationships with vendors, suppliers, employees, and major
customers," the filing states.

                      About GNC Holdings Inc.

GNC Holdings Inc. is a global health and wellness brand with a
diversified omni-channel business. In its stores and online, GNC
Holdings sells an assortment of performance and nutritional
supplements, vitamins, herbs and greens, health and beauty, food
and drink, and other general merchandise, featuring innovative
private-label products as well as nationally recognized third-party
brands, many of which are exclusive to GNC Holdings. Visit
www.gnc.com for more information.

GNC Holdings and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-11662) on
June 23, 2020. Debtors disclosed $1,415,957,000 in assets and
$895,022,000 in liabilities as of March 31, 2020.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsel; Evercore Group, LLC as investment
banker and financial advisor; FTI Consulting, Inc. as financial
advisor; and Prime Clerk as claims and noticing agent.  Torys LLPis
the legal counsel in the Companies' Creditors Arrangement Act
case.



GNC HOLDINGS: Has Dual-Track Plan Backed by Lenders
---------------------------------------------------
Daniel Gill, writing for GNC Holdings, reports that bankrupt health
and nutrition retailer GNC Holdings Inc. filed a dual-track
reorganization plan that would give equity to the company's secured
lenders if a proposed asset sale falls through.  The plan and a
supporting disclosure statement, filed in the U.S. Bankruptcy Court
for the District of Delaware, tracks the blueprint GNC laid out
when it filed for bankruptcy last month.  It incorporates a
restructuring support agreement reached between GNC and its
principal lenders immediately before the company's bankruptcy
filing.

                      About GNC Holdings

GNC Holdings Inc. is a global health and wellness brand with a
diversified omni-channel business. In its stores and online, GNC
Holdings sells an assortment of performance and nutritional
supplements, vitamins, herbs and greens, health and beauty, food
and drink, and other general merchandise, featuring innovative
private-label products as well as nationally recognized third-party
brands, many of which are exclusive to GNC Holdings. Visit
www.gnc.com for more information.

GNC Holdings and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-11662) on
June 23, 2020.  The Debtors disclosed $1,415,957,000 in assets and
$895,022,000 in liabilities as of March 31, 2020.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsel; Evercore Group, LLC as investment
banker and financial advisor; FTI Consulting, Inc. as financial
advisor; and Prime Clerk as claims and noticing agent.  Torys LLP
is the legal counsel in the Companies' Creditors Arrangement Act
case.


GNC HOLDINGS: Unsecured Creditors Oppose Quick Sale
---------------------------------------------------
Leslie A. Pappas, writing for Bloomberg News, reports that the
unsecured creditors of bankrupt health and nutrition retailer GNC
Holdings Inc. said that its proposed sale process doesn't give
enough time for potential purchasers to participate.

The short timelines are "simply not workable" considering that the
company no longer has a stalking horse bidder to place the an
initial floor-setting bid at the bankruptcy auction, the official
committee of unsecured creditors said in an objection filed Monday
with the U.S. Bankruptcy Court for the District of Delaware.
The sale motion proposes a bid deadline of Aug. 28, an auction
Sept. 1, and a sale hearing Sept. 4.

                       About GNC Holdings

GNC Holdings Inc. is a global health and wellness brand with a
diversified omni-channel business. In its stores and online, GNC
Holdings sells an assortment of performance and nutritional
supplements, vitamins, herbs and greens, health and beauty, food
and drink, and other general merchandise, featuring innovative
private-label products as well as nationally recognized third-party
brands, many of which are exclusive to GNC Holdings. Visit
www.gnc.com for more information.

GNC Holdings and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 20-11662) on
June 23, 2020. Debtors disclosed $1,415,957,000 in assets and
$895,022,000 in liabilities as of March 31, 2020.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP and Latham
& Watkins, LLP as legal counsel; Evercore Group, LLC as investment
banker and financial advisor; FTI Consulting, Inc. as financial
advisor; and Prime Clerk as claims and noticing agent.  Torys LLP
is the legal counsel in the Companies' Creditors Arrangement Act
case.




GOODRICH QUALITY THEATERS: Purchased Out of Bankruptcy by NY Group
------------------------------------------------------------------
Joe Boomgaard, writing for MiBiz, reports that Goodrich Quality
Theaters Inc. has been purchased out by bankruptcy by a New York
group.

A partnership of Mason Asset Management and Namdar Realty Group has
acquired the majority of the assets of Goodrich Quality Theaters
Inc., which filed for Chapter 11 bankruptcy in February.

The $12 million deal, which includes 12 theater locations in
Michigan, seven in Indiana, two in Missouri and one in Illinois,
took effect on July 13, according to a statement. That includes
West Michigan locations in Ada/Lowell, Grand Haven, Kalamazoo,
Holland, Battle Creek, Hastings and Cadillac.

The buyers, both based in Great Neck, N.Y. and doing business under
Goodrich Theater Newco LLC, a Delaware corporation, are working
with theater operator VIP Cinemas to manage the 21 locations.  They
anticipate opening some locations by the end of July, as allowed by
various state restrictions related to COVID-19.

"We are truly excited to be acquiring and reopening the GQT
theaters and we remain optimistic about the future of the
industry," stated Mark McSparin, president of the New GQT. "We will
reopen with the main objective of maintaining quality operations
for our guests through cleanliness, customer service, and value.
The Goodrich name has been in the theater business for 90 years and
we believe that it is important to keep the name going for many
more years to come."

The buyers also retained the majority of Goodrich Quality Theaters'
former general managers and staff, and plan to honor former gift
cards and loyalty programs, according to a statement.

The sale, which was approved by the U.S. Bankruptcy Court for the
Western District of Michigan, did not include a theater in Oswego,
Ill., which was sold in a separate $4.95 million deal to Downers
Grove, Ill.-based Tivoli Enterprises Inc., according to court
records.  

As well, court records indicate that Goodrich Quality Theaters sold
its 50-percent stake in Florida-based Gibsonton Theaters LLC for
$1.1 million to AP Gibsonton LLC.

Goodrich Quality Theaters filed for bankruptcy on Feb. 28, prior to
the widespread outbreak of the COVID-19 pandemic. At the time, the
company said in court filings that it had assets of $50 million to
$100 million and liabilities of $10 million to $50 million.

In an interview with MiBiz at the time of the filing, owner Bob
Goodrich said the company's problems stemmed from a variety of
factors, namely that streaming services such as Netflix have taken
away audience for traditional movie theaters.  As a result,
business was down "not horribly" by 5-6 percent in 2019, he said.

On Feb. 24, Goodrich Quality Theaters defaulted on $29.58 million
in loans, plus $99,577 in interest, to lenders CIBC of Grand
Rapids, Holland-based Macatawa Bank and Grand Rapids-based
Independent Bank, according to filings.

                About Goodrich Quality Theaters

Goodrich Quality Theaters, Inc. -- http://www.gqti.com/-- owns and
operates 30 theaters with 281 screens in cities throughout
Michigan, Indiana, Illinois, Florida and Missouri.  

Goodrich Quality Theaters sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Mich. Case No. 20-00759) on Feb. 25,
2020.  At the time of the filing, the Debtor had estimated assets
of between $50 million and $100 million and liabilities of between
$10 million and $50 million.  Judge Scott W. Dales oversees the
case.  Goodrich Quality Theaters' counsel are Keller & Almassian
PLC and Law Office of Tyrone Bynum PLLC, both based in Grand
Rapids, Michigan.  Stout Risius Ross Advisors, LLC, is the
investment banker and Novo Advisors is the financial advisor.


GRUPO AEROMEXICO: Secures $1 Billion of DIP Financing From Apollo
-----------------------------------------------------------------
Grupo Aeromexico, S.A.B. de C.V. (BMV: AEROMEX) reports that the
DIP Financing Motion was filed Aug. 13, 2020, before H. Judge
Shelley C. Chapman of the United States Bankruptcy Court for the
Southern District of New York, as a follow-up to the financial
restructuring process initiated on June 30, 2020.

Grupo Aeromexico previously announced that it was in the process of
obtaining additional financing, known as "Debtor-In-Possession
(DIP) Financing" in August it obtained, subject to court approval,
commitments for a US$1,000 million senior secured superpriority
multi-tranche debtor in possession term loan facility (the "DIP
Facility") with funds managed by affiliates of Apollo Global
Management Inc. (APO). The DIP Facility consists of (i) a senior
secured Tranche 1 facility of US$200 million, and (ii) a senior
secured Tranche 2 facility of US$800 million. Proceeds from the DIP
Facility may only be used for certain permitted expenses, including
certain working capital expenses and general corporate purposes, as
well as restructuring costs.

Andrés Conesa, CEO of Grupo Aeromexico, commented: "This is a
critical milestone in the ongoing process to transform our Company
with the goal of driving long-term, sustainable growth for
Aeromexico. Throughout this process, we will continue to provide
our customers with the exceptional service and flight experience
they expect from Aeromexico, and we will continue all day-to-day
operations, albeit under these extraordinary COVID-19-related
circumstances. This milestone is a recognition of Aeromexico's
fundamentally solid operating business and proven strategy."

Subject to the fulfillment, in each case, of certain milestones,
covenants and conditions precedent agreed with the DIP Lenders, (i)
upon the date of entry of an order by the Court granting interim
approval of the DIP Facility and fulfillment of other conditions,
up to US$100 million of the Tranche 1 DIP Loans will be made
available; and (ii) upon the date of entry of an order by the
Bankruptcy Court granting final approval of the DIP Facility and
fulfillment of other conditions, the undrawn portion of the Tranche
1 facility will be available in a single draw, and the Tranche 2
DIP Loans will be made available in an initial draw of US$175
million, and, subject to the fulfilment of certain additional
conditions and milestones, subsequent draws in minimum amounts of
US$100 million.

The DIP Facility, which is still subject to the Bankruptcy Court
approval, the execution of definitive credit and ancillary
agreements, and the fulfillment of certain conditions for funding
of the separate two tranches, will provide us with liquidity to
meet our future obligations in a timely and orderly fashion, and to
continue with our operations during and after the voluntary
restructuring process.

The Tranche 2 DIP Facility, may be converted, at the lenders'
option, into shares of reorganized Aeromexico, provided that the
exercise of such equity conversion option will be subject to
certain conditions and, in due course, to the corporate and
regulatory approvals for the issuance of the corresponding shares
including by Aeromexico's general shareholders.

The terms of the DIP Facility require that Aeromexico enters into a
Shareholder Support Agreement with a majority of its shareholders,
representing approximately 75% of its capital stock, including
Delta Airlines, under which such supporting shareholders (i) shall
vote, in due course, in favor of a capital increase to effectuate,
if applicable, the conversion of the Tranche 2 DIP Facility,
including waiving their preemptive rights, (ii) submit themselves
to the jurisdiction of the Bankruptcy Court with respect to the
scope and terms of such Shareholders Support Agreement, and (iii)
agree not to sell their shares during the chapter 11 process. It is
anticipated that with the capital increase these shareholders will
be diluted by not exercising their preemptive rights, so that their
remaining equity stake could be very limited. Other shareholders
within the general investor community will be allowed to exercise
their preemptive rights subject to several factors that are yet to
be determined.

As we have reported, certain Board members, are holders,
individually, of shares representing more than 1% and less than 10%
of our outstanding shares. None of our shareholders, individually,
has significant influence, control or power over Aeromexico. Also,
we are not controlled, directly or indirectly, by a foreign
individual, entity or government. Pursuant to the Mexican Ley del
Mercado de Valores (Securities Market Law) this type of
shareholders agreements shall be disclosed to the public market,
making it available for reference at the Company's offices.

We will continue pursuing, in an orderly manner the voluntary
process of financial restructuring under the chapter 11 process,
while we continue operating and offering services to our customers
and contracting from our suppliers the goods and services required
for operations. We will continue to use the advantages of the
chapter 11 proceeding to strengthen our financial position and
liquidity, protect and preserve our operations and assets, and
implement the necessary adjustments to face the impact of
COVID-19.

This press release contains certain forward-looking statements that
reflect the current views and/or expectations of the Company and
its management with respect to its performance, business and future
events. We use words such as "believe," "anticipate," "plan,"
"expect,", "intend," "target," "estimate," "project," "predict,"
"forecast," "guideline," "should" and other similar expressions to
identify forward-looking statements, but they are not the only way
we identify such statements. Such statements are subject to a
number of risks, uncertainties and assumptions. We caution you that
a number of important factors could cause actual results to differ
materially from the plans, objectives, expectations, estimates and
intentions expressed in this release. The Company is under no
obligation and expressly disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

                      About Grupo Aeromexico

Grupo Aeromexico, S.A.B. de C.V. -- https://www.aeromexico.com/ --
is a holding company whose subsidiaries are engaged in commercial
aviation in Mexico and the promotion of passenger loyalty
programs.
Aeromexico, Mexico's global airline, has its main hub at Terminal
2
at the Mexico City International Airport.  Its destinations
network
features the United States, Canada, Central America, South
America,
Asia and Europe.

Grupo Aeromexico and three of its subsidiaries sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-11563) on June 30,
2020.  In the petitions signed by CFO Ricardo Javier Sanchez
Baker,
the Debtors reported consolidated assets and liabilities of $1
billion to $10 billion.

The Debtors tapped Davis Polk & Wardwell LLP as their bankruptcy
counsel, White & Case LLP and Cervantes Sainz, S.C. as special
counsel, AlixPartners, LLP as financial advisor, and Epiq
Bankruptcy Solutions as claims agent.  SkyWorks Capital, LLC
serves
as Debtors' financial advisor in connection with their aircraft
fleet restructuring efforts.


HAMPTON BAY: Court Approves Plan & Disclosure Statement
-------------------------------------------------------
Judge Carla E. Craig has ordered that the Disclosure Statement of
Hampton Bay Manor, LLC is finally approved pursuant to Section 1125
of the Bankruptcy Code as containing adequate information.

The Plan and all related documents and instruments (whether or not
specifically referred to herein) are CONFIRMED pursuant to Section
1129(a) of the Bankruptcy Code.

The Plan is being implemented and effectuated through the sale and
conveyance of the Debtor's Property, individual Units and the
Debtor’s other assets located at 68 Foster Avenue, Hampton Bays,
New York (collectively, the "Property") to New Owner, in
consideration for the New Owner's financing of the $300,000
Creditor Pool; the New Owner's assumption of the Existing Lenders'
Existing Mortgage Loans and CC Foster DIP Loan and the New Owner's
execution of the Maxim Senior Loan Facility and assumption of the
Debtor's obligations thereunder or under the Final DIP Order.

The Debtor is directed to execute and deliver, and to take all
further actions as may be reasonably (a) requested by the New Owner
or Maxim for the purpose of assigning, transferring, granting,
conveying the Property to the New Owner free and clear of all
claims, liens, taxes and other interests pursuant to 11 U.S.C
Sections 363(b) and (f) and 1123(a)(5)(D) and  1123(b)(5) except
that New Owner will (i) assume the Existing Lenders’ Subordinate
Mortgage Liens in accordance with the Plan and Final DIP Order and
(ii) assume or enter into the Maxim Senior Loan Facility and
execute all related mortgages and loan documents required by Maxim
and as contemplated by the Plan.

The New Owner is authorized to borrow up to the principal sum of
$7,500,000 from Maxim in furtherance of the Plan, the Maxim Loan
Documents and the Court's Final Order Approving and Authorizing
Senior DIP Financing et al., dated May 22, 2020 (ECF #156) as
amended (the "Final DIP Order") and the Plan Supplement (ECF
#172).

Upon closing the Maxim Senior Mortgage Loan, the Creditor Pool in
the sum of $300,000 will to be paid into the IOLA escrow account of
Goldberg Weprin Finkel Goldstein LLP as Disbursing Agent to be
distributed in accordance with the provisions of the Plan or in
accordance with future Orders of this Court.

Goldberg Weprin Finkel Goldstein LLP as Disbursing Agent be and
they hereby are authorized to make distributions to creditors who
have filed allowed claims with the Court and to creditors who are
listed in the Debtor’s schedules as not holding disputed,
contingent or unliquidated claims, except to the extent that such
claims are disputed by the filing of objections in which event
appropriate reserves shall be established by the Disbursing Agent
pending resolution of the claims objection.

On the Effective Date, the New Owner shall be deemed to have
assumed all of the Debtor’s obligations to holders of General
Administrative Claims to the extent such claims have not already
been paid during the Chapter 11 case, and the holders of such
claims shall retain their respective rights and remedies, if any,
with respect to the Property until such claims are paid in full.
The accrued post-position claims of contractors and vendors shall
be paid by the New Owner at the closing of the Maxim Senior
Mortgage Loan or promptly thereafter.

In accordance with the provisions of the Plan (i) requests for the
payment of professional compensation by the Debtor's attorneys and
the Debtor's accountants, and (ii) the time for filing claims by
General Administrative Claimants shall be 30 days after entry of
this Order and the Existing Lenders shall give notice of entry of
this Order to the Debtor’s attorneys, accountants and all known
holders of General Administrative Claims within five business days
of entry of this Confirmation Order

In accordance with section 1141(a) of the Bankruptcy Code, the
terms of the Plan shall be immediately effective and enforceable
and shall bind all holders of all Claims against or Equity
Interests in the Debtor, whether or not such holders of Claims or
Equity Interests have accepted this Plan.

The Existing Lenders shall file post-confirmation status reports in
the format prescribed by the United States Trustee on the 20th day
following the end of the quarter until the entry of an order
closing the Chapter11 case, or until entry of an order thereto
dismiss or convert the Chapter11 case, and schedule quarterly
post-confirmation status conferences.

                    About Hampton Bay Manor

Hampton Bay Manor, LLC, owns a 22-unit condominium apartment
complex located at 68 Foster Avenue, Hampton Bays, New York.

Hampton Bay Manor, LLC, filed a Chapter 11 petition (Bankr.
E.D.N.Y. Case No. 19-40749) on Feb. 6, 2019.  In the petition
signed by Peter Sperry, member, the Debtor disclosed total assets
of $22,000,000 and total liabilities of $17,918,617. The Hon. Carla
E. Craig is the case judge. Richard Klass, Esq., in Brooklyn, New
York, is the Debtors' counsel.


HANNAH SOLAR: Profits Use to Pay Claims in Plan
-----------------------------------------------
Hannah Solar LLC, filed a Plan and a Disclosure Statement.

The Debtor's primary tangible assets are the ownership of a fleet
of vehicles, ownership of several parcels of land upon which solar
power facilities are constructed, contracts for providing
maintenance at existing solar power facilities, and its accounts
receivable.  The Debtor's primary intangible asset is its goodwill
and industry knowledge and contacts, which allow Debtor to continue
to build solar projects at a profit, which such profit may be used
to carry out the terms of the Plan.

Gel Funding LLC, in Class 4, is a merchant cash advance company
that asserts a secured claim as a result of its cash advances to
Debtor.  Gel's allowed claim, subject to claims made against Gel in
the Adversary Proceeding, will be paid as a general unsecured claim
as set forth in Class 11.

Queen Funding LLC in Class 5 is a merchant cash advance company
that asserts a secured claim as a result of its cash advances to
Debtor.  Queen's allowed claim, subject to claims made against
Queen in the Adversary Proceeding, will be paid as a general
unsecured claim as set forth in Class 11.

Strategic Capital Partners LLC in Class 6 is a merchant cash
advance company that asserts a secured claim as a result of its
cash advances to Debtor. Strategic’s allowed claim, subject to
claims made against Strategic in the Adversary Proceeding, will be
paid as a general unsecured claim as set forth in Class 11.

Complete Business Solutions Group Inc. in Class 7 is a merchant
cash advance company that asserts a secured claim as a result of
its cash advances to Debtor.  Complete's allowed claim, subject to
claims made against Complete in the Adversary Proceeding, will be
paid as a general unsecured claim as set forth in Class 11.

Supreme Capital Source in Class 8 is a merchant cash advance
company that asserts a secured claim as a result of its cash
advances to Debtor.  Supreme's allowed claim, subject to claims
made against Supreme in the Adversary Proceeding, will be paid as a
general unsecured claim as set forth in Class 11.

Unsecured Nonpriority Claims in Class 11 will be paid the amounts
set forth on the Budget ($59,890 per month) on a quarterly basis,
beginning when the claims set forth in Classes 1 through 3, 9, and
10 have been paid in full and continuing until the conclusion of
the 36th month following confirmation of Debtor's Plan.  Holders of
Unsecured Nonpriority Claims will be paid their pro rata share of
all such payments.

Equity holders in Class 12 are retaining their interests in Debtor
by making a contribution of new value in the amount of $10,000.

A full-text copy of the Disclosure Statement dated July 20, 2020,
is available at https://tinyurl.com/yxftfezl from PacerMonitor.com
at no charge.

Co-counsel for the Debtor:

     Garrett A. Nail
     PORTNOY GARNER & NAIL LLC
     3350 Riverwood Parkway
     Suite 460
     Atlanta, Georgia 30339
     Tel: (678) 385-9712
     E-mail: gnail@pgnlaw.com

Co-counsel for the Debtor:

     Michael D. Robl
     Georgia Bar No. 610905
     ROBL LAW GROUP LLC
     3754 Lavista Road
     Suite 250
     Tucker, Georgia 30084
     Tel: (404) 373-5153
     Fax: (404) 537-1761
     E-mail: michael@roblgroup.com

                       About Hannah Solar

Hannah Solar, LLC, is a solar energy equipment supplier in Atlanta.
It specializes in planning, design, installation and maintenance of
renewable energy solutions.

Hannah Solar sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ga. Case No. 19-57651) on May 15, 2019. At the
time of the filing, the Debtor was estimated to have assets of less
than $50,000 and liabilities of between $1 million and $10 million.
The Robl Law Group, LLC, is the Debtor's counsel. Portnoy Garner &
Nail LLC, is co-counsel.


HELIUS MEDICAL: Philippe Deschamps Quits as President & CEO
-----------------------------------------------------------
Helius Medical Technologies, Inc., reports that Philippe Deschamps
has stepped down from his positions as president and chief
executive officer and resigned his position as chairman of the
Board of Directors, effective Aug. 23, 2020.  Current members of
the Board of Directors, Dane C. Andreeff and Blane Walter, have
been appointed to the respective positions of interim president and
CEO, effective Aug. 23, 2020, and Chairman of the Board of
Directors, effective Aug. 23, 2020.  Mr. Andreeff will continue to
serve as a director of the Company and is expected to serve as
interim president and CEO until the Board of Directors completes
its search for a permanent successor.

"On behalf of my fellow directors, I would like to thank Phil for
his leadership and dedication to Helius Medical Technologies over
the last seven years," said Blane Walter.  "Phil has led the
Company since its early days and his achievements have enabled
Helius to transition to a publicly-traded, commercial-stage company
that is currently awaiting regulatory clearance in the U.S. We wish
him the very best in his future endeavors."

Mr. Walter continued "The Board and I believe Dane is an excellent
candidate to build upon Helius' recent regulatory and operational
progress as we conduct the search for a permanent successor.  Dane
has been an important adviser to the Company as a member of the
Helius Board of Directors for the last three years, is a large
shareholder and is well-versed in all aspects of its strategy.  For
over 20 years, he has served as General Partner and Portfolio
Manager at Maple Leaf Partners, LP, a hedge fund which he founded
and subsequently grew to over $2 billion in assets under
management.  Dane also possesses significant experience advising
other companies as a board member, including multiple companies in
the healthcare sector.  Importantly, Dane is dedicated to pursuing
our objectives as an organization efficiently and effectively, and
has elected to take no additional compensation in return for his
service as Interim President and CEO.  We look forward to
leveraging his leadership skills, and experience in managing and
advising businesses, as Helius pursues its next phase of growth."

"During my tenure as a member of Helius' Board, I have been
consistently impressed with the potential of our PoNS technology
and dedication our organization has shown to bringing it to the aid
of patients suffering from the effects of chronic conditions like
multiple sclerosis and traumatic brain injury," said Dane C.
Andreeff.  "Helius has made exciting regulatory and operational
progress this year, expanding our network of authorized PoNS
clinics to 19 locations in Canada, obtaining FDA Breakthrough
Designation for our target indication in MS – which represents a
high unmet medical need – and ultimately submitting our request
for U.S. FDA de novo classification and clearance earlier this
month. In view of this progress, I believe we are well-positioned
to begin the next phase of growth as an organization.  As Interim
President and CEO, I am committed to building on our recent
achievements in Canada and the U.S., and driving continued
operational progress for the benefit of our patients and
shareholders."

"It has been a privilege and a great pleasure to serve on the
executive leadership team and Board of Directors at Helius and I'm
proud of the many accomplishments that we have achieved during my
tenure," said Philippe Deschamps.  "I remain a significant
shareholder in Helius and a firm believer that the PoNS technology
represents a truly revolutionary approach to the treatment of
neurological disease and trauma.  I look forward to the Company's
future progress under Dane and Blane’s leadership and
expertise."

                      About Dane C. Andreeff

Dane C. Andreeff has served as a member of Helius' Board of
Directors since August 2017.  Mr. Andreeff is the general partner
and portfolio manager at Maple Leaf Partners, LP, which owns
approximately 3% of Helius' outstanding common stock.  Maple Leaf
Partners, LP is a hedge fund founded by Mr. Andreeff, where he has
been employed since 1996.  In 2003, the fund was seeded by Julian
Robertson's Tiger Management and later grew to over $2 billion in
assets under management.

Mr. Andreeff has served as a member of the Board of Directors of
HDL Therapeutics, Inc., a privately held medical technology and
device company focused on infusing plasma with preβ-HDL for the
treatment of multiple cardiovascular indications, since 2012,
Myocardial Solutions, Ltd., a privately held medical technology
company with an FDA-cleared cardiac MRI software known as MyoStrain
that provides a 10-minute test for detecting heart dysfunction in
multiple cardiovascular indications – including cardiotoxicity in
cancer treatment, since 2016, and TraceSecurity, LLC, a privately
held, profitable cybersecurity services company, since 2005.

Mr. Andreeff received his Bachelor's degree in Economics from the
University of Texas at Arlington in 1989 and his Master's degree in
Economics from the University of Texas at Arlington in 1991.

                       About Blane Walter

Mr. Walter has served as a member of Helius' Board of Directors
since December 2015.  Mr. Walter is a partner at Talisman Capital
Partners, a position he has held since 2011.  In 1999, Mr. Walter
founded inChord Communications, Inc., a global private healthcare
communications company, which was acquired by inVentiv Health in
2005.  Mr. Walter joined inVentiv Health as president of the
Communications division in 2005 and was named chief executive
officer in 2008.  He served in that capacity until leading the sale
of the company to Thomas H. Lee Partners in
2010. Following the buyout, Mr. Walter served as vice chairman of
inVentiv Group, a holding company which survived the buyout, from
2011 to August 2017.

Mr. Walter received his Bachelor's degree in Marketing and Finance
from Boston College in 1993.

                        About Helius Medical

Helius Medical Technologies -- http://www.heliusmedical.com/-- is
a neurotech company focused on neurological wellness.  The
Company's purpose is to develop, license and acquire unique and
non-invasive platform technologies that amplify the brain's ability
to heal itself.  The Company's first product in development is the
Portable Neuromodulation Stimulator (PoNSTM).

Helius Medical reported a net loss of $9.78 million for the year
ended Dec. 31, 2019, compared to a net loss of $28.62 million for
the year ended Dec. 31, 2018.  As of March 31, 2020, the Company
had $8.46 million in total assets, $3.25 million in total
liabilities, and $5.21 million in total stockholders' equity.

BDO USA, LLP, in Philadelphia, Pennsylvania, the Company's auditor
since 2017, issued a "going concern" qualification in its report
dated March 12, 2020 citing that the Company has incurred
substantial net losses since its inception, has an accumulated
deficit of $104.8 million as of Dec. 31, 2019 and the Company
expects to incur further net losses in the development of its
business.  These conditions raise substantial doubt about its
ability to continue as a going concern.


INTERSTATE COMMODITIES: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Interstate Commodities Inc.
        7 Madison Street
        Troy, NY 12180

Business Description: Interstate Commodities Inc. engages in the
                      merchandise of commodities.  The Company
                      offers whole corn, soybean meal, soybeans,
                      soy hulls, soyhull pellets, corn gluten
                      meal, canola meal, sunflower meal, beet pulp

                      pellets, citrus pulp pellets, and wheat.

Chapter 11 Petition Date: August 26, 2020

Court: United States Bankruptcy Court
       Northern District of New York

Case No.: 20-11139

Debtor's Counsel: Gerard R. Luckman, Esq.
                  FORCHELLI DEEGAN TERRANA LLP
                  333 Earle Ovington Blvd., Suite 1010
                  Uniondale, NY 11553
                  Tel: 516-812-6291
                  E-mail: GLuckman@forchellilaw.com

Total Assets: $12,558,336

Total Liabilities: $25,513,305

The petition was signed by Michael G. Piazza, chief operating
officer.

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

https://www.pacermonitor.com/view/FA37LRQ/Interstate_Commodities_Inc__nynbke-20-11139__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. ATEL Leasing Corporation                               $372,756
PO Box 671597
Dallas, TX
75267-1597
Tom Monroe
Email: tmonroe@atel.com

2. BNSF Railway Company                                   $277,894
3115 Solutions Center
Chicago, IL
60677-3001

3. Canadian National                                      $229,723
Attn: Non-Freight Management
PO Box 71351
Chicago, IL
60694-1351

4. Canadian National                                      $372,440
P.O. Box 71206
Chicago, IL
60694-1206

5. Chicago Freight                                      $1,376,437
Car Leasing Co.
PO Box 75129
Chicago, IL 60675

6. Consolidated Logistics                                 $253,182
Solutions Inc.
13041 Binney Street
Omaha, NE 68164

7. Infinity Transportation                                $764,648
2016 1 LLC
PO Box 645510
Cincinnati, OH
45264-5510

8. MGH Railcar                                            $189,440
Services Limited
8207 Fairways West Dr.
Regina, SK S4Y 0A1

9. MRXX Corp.                                           $1,932,493
PO Box 189
Hampton, NH
03843-0189

10. Norfolk Southern                                      $513,212
PO Box 116944
Atlanta, GA
30368-6944

11. Progress Rail Leasing                               $7,369,744
25083 Network Place
Chicago, IL
60673-1250

12. RAS Data Service                                      $370,374
1510 Plainfield Rd
Suite 3
Darien, IL 60561

13. The Andersons Inc.                                  $1,104,025
PO Box 84878
Chicago, IL
60689-8478

14. Trinity Leasing                                       $262,821
Customer Payment Account
W 510131
PO Box 7777
Philadelphia, PA
19175-0131

15. TTX Company                                        $3,669,353
Agent for CSXT
Lockbox 322984
22984 Network Place
Chicago, IL
60673-1229

16. TTX Company                                           $755,404
Agent for NS
Lockbox #22984
22984 Network Place
Chicago, IL
60673-1229

17. TTX Company                                         $1,163,041
Agent for UP
Lockbox #22984
22984 Network Place
Chicago, IL
60673-1229

18. VTG                                                   $189,583
3045 Momentum Place
Chicago, IL
60689-5330

19. Wells Fargo Rail                                      $391,882
9377 W Higgins Rd
Ste 600
Rosemont, IL 60018

20. Wisconsin and Southern Railroad                       $457,460
P.O. Box 790343
Bin #150077
St Louis, MO
63179-0343


J.C. PENNEY: Saved River Oaks Location from Announced Closure
-------------------------------------------------------------
Joseph S. Pete, writing for KPC News, reports that the J.C. Penney
department store at River Oaks Center in Calumet City, Illinois has
been spared from a previously announced closure as the troubled
retailer works through a Chapter 11 bankruptcy.

Plano, Texas-based J.C. Penney, a staple of suburban shopping malls
in nearly every state in the union, no longer lists the Calumet
City store at 200 River Oaks Drive on its list of closing stores,
and an employee said the department store would remain open for the
foreseeable future.

"The Calumet City J.C. Penney has announced they have been removed
from the J.C. Penneys that will be closing," Calumet City
Department of Community and Economic Development Director Joseph
Wiszowaty said. "A great move for a profitable store location such
as Calumet City has been."

J.C. Penney still plans to close 152 of its 850 stores across the
United States and lay off 1,000 corporate and managerial employees.
It intends to shutter stores in Bourbonnais, Carbondale, Freeport
and Mount Vernon in Illinois, and Bedford, Indianapolis, Kokomo,
Madison, Muncie, Plymouth, Richmond and Vincennes in Indiana.

River Oaks, which opened just north of the Little Calumet River
that marks the city's southern border with Lansing in 1966, will
retain two anchors: JC Penney and Macy's. Carson Pirie Scott and
Sears both closed at the mall at the intersection of Torrence
Avenue and River Oaks Drive in 2013.

Namdar Realty Group and Mason Asset Management currently own and
operate the mall, originally an outdoor shopping center that was
later enclosed. Once the seventh largest mall in the Chicagoland
metropolitan area, it's still home to more than 100 retailers,
including AT&T, Bath & Body Works, Claire's, Finish Line, FYE, Foot
Locker's House of Hoops, GNC, Kay Jewelers, Lady Foot Locker, Lids,
Piercing Pagoda, Victoria's Secret, Journeys, and Wetzel's
Pretzels. Bankruptcy attorney Peter Francis Geraci, known for his
"info tape" television commercials, also maintains a law office
there.

J.C. Penney, one of many traditional brick-and-mortar retailers
plunged into bankruptcy during the coronavirus pandemic that closed
its doors for months, also has stores in Southlake Mall in Hobart
and the Porter's Vale Shopping Center in Valparaiso. Faced with
growing competition from online retailers like Amazon, Zappos and
eBay, it closed its department store at the forlorn Marquette Mall
in Michigan City in 2015.

                        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



JOHN VARVATOS: Unsecureds to Get At Least $2M in Lion Deal
----------------------------------------------------------
Alex Wolf, writing for Bloomberg News, reports that private equity
firm Lion Capital LLC, the current owner of John Varvatos
Enterprises Inc., has reached a deal to pay Varvatos' unsecured
creditors more of their claims, removing their objections on Lion's
plan to acquire the fashion brand out of bankruptcy.  The
agreement, announced by a Lion lawyer during a telephonic hearing
at the U.S. Bankruptcy Court for the District of Delaware, calls
for unsecured creditors to receive at least $2 million in
recoveries, up from $250,000 envisioned earlier.  Lion, through its
affiliate Lion Hendrix Cayman Ltd., has proposed to buy the company
out of Chapter 11 bankruptcy.

                 About John Varvatos Enterprises

John Varvatos Enterprises, Inc., is an American international
luxury men's lifestyle brand founded by fashion designer John
Varvatos in 1999.  It operates retail stores in the United States
and other countries worldwide.  It sells, manufactures and designs
fashion products for men such as sweaters, knits, tees, tailored
clothing, jeans, pants, jackets, and accessories.

John Varvatos Enterprises generates revenue through the sale of
merchandise through department store and specialty wholesale
distribution, a transactional globally accessible website, and its
27 brick and mortar retail locations.

John Varvatos Enterprises, Inc. and its affiliates sought Chapter
11 protection (Bankr. D. Del. Lead Case No. 20-11043) on May 6,
2020.

John Varvatos Enterprises was estimated to have $10 million to $50
million in assets and $100 million to $500 million in liabilities
as of the bankruptcy filing.

The Hon. Mary F. Walrath is the case judge.

The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP as counsel;
Clear Thinking Group as financial advisor; MMG Advisors, Inc. as
investment banker; and Omni Agent Solutions as claims agent.


KEHE DISTRIBUTORS: Moody's Raises CFR to Ba3, Outlook Stable
------------------------------------------------------------
Moody's Investors Service upgraded KeHE Distributors, LLC's
Corporate Family Rating and Probability of Default Rating to Ba3
and Ba3-PD from B1 and B1-PD respectively. Moody's also upgraded
the company's $200 million second lien notes due 2026 to B2 from
B3. The outlook is stable.

"The upgrade reflects operating performance that has exceeded
Moody's expectations as demand for food at home has skyrocketed due
to the coronavirus pandemic" Moody's Vice President Mickey Chadha
stated. "The increase in the top line and earnings will result in
debt/EBITDA below 3.0x in the next 12 months and the upgrade also
acknowledges Moody's expectation that KeHE will be able to maintain
this improvement in credit metrics even after more normalized
consumer shopping patterns return", Chadha further stated.

Upgrades:

Issuer: KeHE Distributors, LLC

Probability of Default Rating, Upgraded to Ba3-PD from B1-PD

Corporate Family Rating, Upgraded to Ba3 from B1

Senior Secured 2nd Lien Regular Bond/Debenture, Upgraded to B2
(LGD5) from B3 (LGD5)

Outlook Actions:

Issuer: KeHE Distributors, LLC

Outlook, Remains Stable

RATINGS RATIONALE

KeHE's Ba3 corporate family rating reflects the company's good
liquidity and improving operating performance and credit metrics.
Moody's estimates debt/EBITDA (with Moody's standard adjustments)
will be below 3.0 times for the fiscal year ending April 2021. Even
prior to the coronavirus pandemic, the company's sales volumes and
earnings were demonstrating good growth as the specialty food
industry is the highest growth category in overall grocery sales.
Furthermore, the company's topline and earnings have had a
significant boost as a result of increased demand for food at home
and pantry loading at the grocery stores due to the coronavirus
pandemic. The closure of restaurants due to the pandemic has
resulted in increased dollars being spent at the grocery store as
consumers are forced to eat at home. Moody's expects the demand for
food at home will moderate in 2022 as coronavirus related
restrictions gradually ease and consumer spending patterns
normalize. However, the demand for specialty food products will
continue to be strong as consumers are increasingly eating
healthier food products. Profit dollars have improved as the
company has controlled expenses while growing the topline through
increased volume from existing and new customers. The rating also
reflects KeHE's customer concentration with three of the combined
company's top customers accounting for over 50% of total revenues
and the largest customer accounting for about 30% of the topline,
its thin margins with a fixed cost structure and its limited
pricing power in a highly competitive market. Ratings are supported
by the company's good position in a growing and attractive market
niche for specialty, organic and natural foods and its geographic
diversification. However, it is a relatively small player in the
overall food distribution business segment and could be vulnerable
if larger broadline food distributors enter its niche market.

The stable outlook reflects its expectation that KeHE will continue
to improve profitability and reduce leverage through EBITDA growth
while maintaining good liquidity and balanced financial policies
including but not limited to acquisitions.

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

The company's relatively small scale and customer concentration are
constraints to an upgrade. Ratings could be upgraded if the company
reduces its customer concentration with a more diversified and
continued high quality customer base and demonstrates sustained
growth in sales, and profitability with good liquidity.
Quantitatively, ratings could be upgraded if debt/EBITDA is
sustained below 2.5 times and EBITA/interest expense is sustained
above 3.5 times.

Ratings could be downgraded if operating performance deteriorates
such that debt/EBITDA is sustained above 3.0x and EBITA/interest
approaches 2.25 times. Ratings could also be downgraded if
liquidity deteriorates or if acquisition activity causes
deterioration in cash flow or credit metrics.

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

KeHE Distributors, LLC is a majority employee owned Specialty and
Natural and Organic (N&O) and Fresh food distributor in the U.S.and
Canada. KeHE's U.S. Distribution customers include chain grocery,
chain natural, independent grocery and independent natural
retailers. In Canada, KeHE services grocery supermarket chain
retailers, independent grocery retailers, club stores and
foodservice retailers. Total revenue is approximately $5.5 billion.


LA MERCED: Bankrụptcy Court Won't Halt Sale Amid Appeal
---------------------------------------------------------
Bankruptcy Judge Enrique S. Lamoutte denied Debtor La Merced
Limited Partnership SE's motion for stay pending appeal.

The Debtor and OSP Consortium LLC came before the court on Oct. 8,
2019, for a hearing to consider the motion to dismiss filed by OSP,
the Debtor's opposition and urgent motion for the use of cash
collateral. The parties informed the court that they had reached an
agreement in principle. As a result of the proffer, the court
granted the parties 14 days to file the agreement in writing and if
no agreement was reached, the pending contested matters would be
heard on Feb. 10, 2020. The stipulation was filed on Nov. 8, 2019
and approved on Nov. 14, 2019.

On Dec. 12, 2019, the court approved the Debtor's disclosure
statement and scheduled a hearing on confirmation for March 10,
2020. On March 9, 2020, the Debtor moved the court to continue the
confirmation hearing. The Debtor pointed out that the present
conditions in Puerto Rico had prevented it from finalizing the
financing necessary to fund the plan. On the same date, the court
granted the request and rescheduled the confirmation hearing for
July 14, 2020.

On March 9, 2020, OSP filed a motion to compel the sale of
property. On the same date, the court granted the motion finding
that that the factual allegations were not in controversy and that
the court by continuing the confirmation hearing had not set aside
the stipulation between the parties. On May 22, OSP filed a motion
for entry of an order to sell the property. On June 23, the court
granted OSP's request.

On July 3, 2020, the Debtor filed a notice of appeal of the court's
orders denying its opposition to OSP's motion requesting sale and
the order granting OSP's request approving the sale.

On July 14, 2010, the court ordered the parties to brief whether
the appealed orders were interlocutory or final. The main basis for
the court's concern is that although the court authorized the sale
of the property pursuant to the terms of the stipulation, the
approval of the sale had been scheduled for July 14, 2020.

Judge Lamoutte notes that a motion for stay pending appeal is an
extraordinary remedy and requires a substantial showing on the part
of the movant. In the First Circuit, in a motion for a stay pending
appeal, the movant bears the burden of demonstrating: (i) a
likelihood of success on the merits; (2) the potential for
irreparable harm in the absence of a stay; (3) whether issuing a
stay will burden the opposing party less than denying a stay will
burden the movant; and (4) the effect, if any, on the public
interest. It is well-settled law that a court should only grant a
stay of the order subject to appeal if all elements are present.
Failure to satisfy all four prongs dooms the motion.

The first factor the court must consider in a motion for stay
pending appeal is whether the movant has a likelihood of success on
the merits of the appeal. To satisfy this requirement, the movant
must show, "more than mere possibility" of success -- rather, they
must establish a 'strong likelihood' that they will ultimately
prevail."

The Debtor argues that it has a strong likelihood to succeed on the
merits based on the applicability of the rebus sic stantibus
doctrine to the particular facts of this case prompted by the
unpredictable circumstances caused by the tremors in January 2020
and Covid-19 pandemic since March 2020. OSP opposes the request
alleging that the Debtor's request for stay pending appeal only
restates and rehashes its previous arguments, which the Court
already considered and denied. Thus, the motion for stay pending
appeal does not make a substantial showing of a likely success on
the merits.

According to Judge Lamoutte, the sequence of events shows that on
March 9, 2020, OSP filed a motion to compel the sale of property
based on the stipulation filed between the Debtor and OSP. The
court granted the same as the facts underlying the motion to compel
sale were uncontested and the stipulation between the parties
provided for the sale upon the default on the payment. On May 22,
2020, OSP again moved the court for the entry of an order for the
sale of the property. The Debtor opposed the request invoking
equity principles and the rebus sic stantibus doctrine. OSP filed a
response detailing the reasons why the rebus sic stantibus doctrine
did not apply to the facts of this case. The court adopted the
analysis and rationale of OSP's motion in response and entered two
orders, the first one on June 16, 2020 denying the response by the
Debtor to OSP's request for sale for the reasons stated by OSP's
response, and the second on June 23, 2020 granting the request for
sale made by OSP on May 22, 2020. The June 23, 2020 order approves
the procedures for the sale of the real property, provides for the
bidding proceedings and auction, and scheduled for July 14, 2020
the approval of the sale. The Debtor filed a notice of appeal of
these two orders on July 3, 2020.

The court declines to revisit the issue of the applicability of the
rebus sic stantibus doctrine to the facts of this case.  The
applicability of the rebus sic stantibus doctrine has been
considered and the court found the same inapplicable due to the
rationale in OSP's response. Therefore, the court finds that the
Debtor has failed to meet the burden of likelihood to succeed on
the merits base on the same legal basis previously rejected by the
court.

The court, after considering the motions filed by the Debtor and
OSP, notes that the appealed orders are interlocutory as the sale
had not been approved as of the date that the appeals were filed.
The court further notes that an order approving the report of sale
is being entered on even date by granting OSP's "Motion in
Compliance With Order."  

A copy of the Court's Opinion and Order dated July 24, 2020 is
available at https://bit.ly/3ftEM8s from Leagle.com.

                         About La Merced LP

La Merced Limited Partnership, S.E., is a single asset real
estate,
as defined in 11 U.S.C. Section 101(51B)).  Based in San Juan,
Puerto Rico, La Merced LP filed a voluntary petition under Chapter
11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 18-06858) on
Nov.
27, 2018.  In the petition signed by Luz Celenia Castellano,
administrator, the Debtor disclosed $6,088,228 in liabilities.
Judge Enrique S. Lamoutte Inclan is the case judge.  Nelson Robles
Diaz Law Offices, PSC, led by founding partner Nelson Robles Diaz,
is the Debtor's counsel.


LATEX FOAM: SSG Served as Investment Banker in Sale to Artilat
--------------------------------------------------------------
Abla Advior reports that SSG Capital Advisors, LLC ("SSG") acted as
the investment banker to Latex Foam International d/b/a Talalay
Global ("Talalay Global" or the "Company") in the sale of
substantially all of its assets to Artilat NV ("Artilat"). The sale
was effectuated through a Chapter 11 Section 363 process in the
U.S. Bankruptcy Court for the District of Connecticut. The
transaction closed in July 2020.

Headquartered in Shelton, Connecticut, Talalay Global is the
largest producer of Talalay latex in the world and the only
manufacturer in North America. The Company is known for producing
some of the finest latex sleep products across the globe and
produces finished and semi-finished goods including mattresses,
mattress components, mattress toppers, pillows, and more to provide
a comprehensive sleep products portfolio.

After emerging from bankruptcy in 2015 under a plan of
reorganization, the Company focused on increasing the sales of its
core sleep products portfolio and lowering its overall cost
structure. The Company initiated several strategic initiatives
beginning in 2017, including hiring a new CEO, appointing three
independent directors to its Board, refocusing on the emerging
pillows segment and executing a thorough review of its operating
process to drive a more efficient operating structure. However, the
introduction of "bed-in-a-box" sleep products and the
disintermediation of traditional retailers, combined with rising
material costs, negatively impacted the sales and profitability of
the Company resulting in a second Chapter 11 filing in August
2019.

SSG was retained by Talalay Global in November 2019 to conduct a
comprehensive marketing process and solicit offers for the Company.
The process attracted significant interest from several domestic
and international strategic and financial parties. COVID-19 hit
during the middle of the sale process, causing the Company to shut
down until June 2020. Despite the shutdown, the sale process was
accelerated and SSG was able to source and secure a stalking horse
offer from a financial buyer. Several qualified overbids were
received, resulting in a robust auction in June 2020 with multiple
rounds of bidding. Artilat's highest and best auction bid
ultimately provided the best outcome and maximized value for all
stakeholders. SSG's industry knowledge and expertise running
special situations sale processes enabled the transaction to be
consummated on a going-concern basis and preserved hundreds of
jobs.

For more than 60 years, Artilat has held a leading position as a
European manufacturer of a latex foam products for the global home
bedding market. Artilat has sales offices across the globe
including Belgium, Czech Republic, Canada, Spain, Portugal, Italy,
Greece, China, Korea, Japan, Australia and the United States.

Other professionals who worked on the transaction include:

   * Eric A. Henzy, James Berman and John L. Cesaroni of Zeisler &
Zeisler, P.C., bankruptcy counsel to Talalay Global;

   * Michael Grundei of Wiggin and Dana LLP, corporate counsel to
Talalay Global;

   * Brian L. Davies, Jr., Jim Calandra, Adam Brissette and David
Rychalsky of Capstone Headwaters, financial advisor to Talalay
Global;

   * Joseph Lubertazzi, Jr. and Joseph J. Cherico of McCarter &
English, LLP, counsel to the secured lender;

   * Michael E. Baum of Schafer & Weiner, PLLC, counsel for the
Creditors Trust;

   * Wojciech F. Jung of Lowenstein Sandler LLP and Irve J. Goldman
of Pullman & Comley LLC, counsel to the Official Committee of
Unsecured Creditors;

   * Steven J. Fleming, Stephen T. Hammond and Mason Klement of
PricewaterhouseCoopers LLP, financial advisor to the Official
Committee of Unsecured Creditors;

   * Charles T. Hagan III and J. Alexander S. Barrett of Hagan
Barrett PLLC, corporate counsel to Artilat NV; and

   * Kristin B. Mayhew of McElroy, Deutsch, Mulvaney & Carpenter
LLP, bankruptcy counsel to Artilat NV.

                 About SSG Capital Advisors

SSG Capital Advisors is an independent boutique investment bank
that assists middle-market companies and their stakeholders in
completing special situation transactions. It provides its clients
with comprehensive investment banking services in the areas of
mergers and acquisitions, private placements, financial
restructurings, valuations, litigation and strategic advisory. SSG
has a proven track record of closing over 300 transactions in North
America and Europe and is a leader in the industry. SSG Capital
Advisors, LLC (Member FINRA, SIPC) is a wholly owned broker dealer
of SSG Holdings, LLC. SSG is a registered trademark for SSG Capital
Advisors, LLC. SSG provides investment banking, restructuring
advisory, merger, acquisition and divestiture services, private
placement services and valuation opinions.

                About Latex Foam International

Latex Foam International, LLC, which conducts business under the
name Talalay Global, provides textile furnishing products.  It
offers house furnishings such as blankets, bedspreads, sheets,
table clothes, towels, and shower curtains.

Latex Foam International and four affiliates filed voluntary
petitions seeking relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Conn. Lead Case No. 19-51064) on Aug. 8, 2019.  The
petitions were signed by Marc Navarre, chief executive officer.  At
the time of the filing, the Debtors were estimated to have assets
between $10 million and $50 million and liabilities of the same
range.  Judge Julie A. Manning oversees the case.  James Berman,
Esq., at Zeisler & Zeisler, P.C., is the Debtors' counsel.


LBD PLLC: Seeks to Hire General Counsel PC as Special Counsel
-------------------------------------------------------------
LBD, PLLC seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Virginia to hire General Counsel, P.C. as its
special counsel.

General Counsel will advise Debtor on employment law and insurance
litigation matters.  The rates charged by the firm for attorney's
services range from $275 to $450 per hour.

J. Andrew Baxter, Esq., a principal at General Counsel, disclosed
in court filings that his firm is a "disinterested person" within
the meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     J. Andrew Baxter
     General Counsel, P.C.
     6849 Old Dominion Drive, Suite 220
     McLean, VA 22101
     Tel: (703) 556-0411

                           About LBD PLLC

LBD, PLLC is a law firm specializing in divorce, family law, estate
planning and business law.  It has several office locations
throughout Northern Virginia, Maryland and the Washington, D.C.
Metro areas.  Visit https://www.dipietropllc.com for more
information.

LBD, PLLC filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Va. Case No. 20-10414) on Feb. 9,
2020.  In the petition signed by Joseph J. DiPietro, member and
manager, Debtor estimated $50,000 to $100,000 in assets and $1
million to $10 million in liabilities.  Jeffery T. Martin Jr.,
Esq., at Henry & O'Donnell P.C., is Debtor's legal counsel.


M.E. SMITH: Aug. 28 Evidentiary Hearing on 3rd Amended Plan
-----------------------------------------------------------
Judge Elizabeth D. Katz has ordered that the Evidentiary Hearing of
M.E. Smith, Inc.'s Third Amended First Modified Plan of
Reorganization is continued, it will be on August 28, 2020 at
10:00AM from Worcester. The continued hearing will be conducted
telephonically; parties may participate by dialing 888-363-4734,
and entering access code 496 4809 when prompted.

                        About M.E. Smith

Established in 2004, M.E. Smith, Inc., is a Massachusetts
corporation providing construction and maintenance of municipal
water utilities. Services are provided generally to cities and
towns in Massachusetts and Connecticut. Its sole shareholder is
Mark E. Smith.

M.E. Smith, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D.
Mass. Case No. 19-40235) on Feb. 12, 2019. The Hon. Elizabeth D.
Katz is the case judge. The Debtor is represented by Michael Van
Dam, Esq. at Van Dam Law LLP.


MARIMED INC: Loses Round in Legal Fight With GenCanna
-----------------------------------------------------
Debra Borchardt, writing for Green Market Report, reports that
MariMed Inc. has lost its legal battle against GenCanna.

GenCanna, one of Kentucky's largest hemp companies, filed for
voluntary Chapter 11 reorganization with the U.S. Bankruptcy Court
in the Eastern District of Kentucky earlier this year in February.
One problem with GenCanna's bankruptcy filing though was that
MariMed (OTC:MRMD) was one of the largest shareholders in the
company. It had a $34 million claim against the company sparking a
battle over control of the company.

Law360 reported that MariMed lost a round over the efforts to gain
control over the company. The website said that U.S. Bankruptcy
Judge Gregory Schaaf of Kentucky found MariMed had acted improperly
when it attempted to replace members of GenCanna's board of
directors and force out GenCanna's president and chief executive
officer.

                         The Fight Begins

In any bankruptcy cases, debtors are first in line over equity
holders. In the process of working through its bankruptcy, GenCanna
made a deal to sell the bulk of its assets for $75 million. MariMed
was against the deal and had its own plan to reorganize the
company, but apparently couldn’t come up with the money needed
for the plan. According to the Law360 reporting, the court records
demonstrated that GenCanna went with the offer it had.

The court records said that MariMed's president and chief executive
officer Robert Fireman, who also sits on GenCanna's board of
directors, teamed up with another board member, Michael Falcone, to
form a voting bloc controlling 52% of GenCanna's parent company’s
shares. The two apparently pulled GenCanna Chief Executive Officer
Matty Mangone-Miranda, GenCanna President Steve Bevan, and one
other member of the board of the parent company, and installed
Fireman as chairman, according to court records.

The court filings stated that Fireman and Falcone appointed a new
CEO of the parent company, and directed him to get the bankruptcy
case dismissed. The new director of GenCanna USA's board was told
to develop a plan to liquidate the company within 30 days.

The ousted executives, Mangone-Miranda and Bevan asked Judge Schaaf
to step in claiming MariMed's actions violated board rules. The
Judge agreed saying, "Using an equity position that has no chance
of recovery to object to a settlement that is not even filed is an
obvious attempt to exercise control over the case and enhance the
creditor interests," Judge Schaaf wrote. "Further, this also
suggests clear abuse of the governance process that would warrant
action in this court if an injunction was requested. For now, that
analysis is not required."

Basically, since the assets were sold, there is nothing left for
the equity owners like MariMed. Since there’s nothing left for
MariMed, they have no power to make these types of decisions at the
company. GenCanna said it is in settlement negotiations with its
senior secured lender and buyer to resolve claims from the
committee of unsecured creditors. The settlement is expected to
generate roughly $1 million, but the claims are much higher than
that.

The assets were sold to New York-based MGG Investment Group, a
private lender, and one of the company's creditors.

             GenCanna's Pain Inflicted On MariMed

GenCanna's bankruptcy filing also weighed on the shares of MariMed.
In April 2020, MariMed's fourth-quarter 2019 financial results
included a one-time charge of $30.2 million as a result of a
write-off of its investment in GenCanna. CEO Jon Levine said,
"Despite GenCanna's Chapter 11 filing, we believe that it will
emerge with a restructured capital and operational structure that
will allow GenCanna to restore its position as a leader in the hemp
industry. If this occurs, we believe there will be an opportunity
for the value of the assets to be recaptured at a later date.  We
expect to continue our strong relationship with GenCanna and
jointly pursue opportunities in the evolving hemp industry."

MariMed's shares have dropped from 40 cents in February before the
GenCanna bankruptcy and were lately selling at 13 cents.

                        About MariMed Inc.

MariMed Inc., a multi-state cannabis operator, is dedicated to
improving the health and wellness of people through the use of
cannabinoids and cannabis products. The Company develops, owns, and
manages seed to sale state-licensed cannabis facilities, which are
models of excellence in horticultural principles, cannabis
cultivation, cannabis-infused products, and dispensary operations.
MariMed has an experienced management team that has produced
consistent growth and success for the Company and its managed
business units.

MariMed reported a net loss of $81.88 million for the year ended
Dec. 31, 2019, compared to a net loss of $13.31 million for the
year ended Dec. 31, 2018. As of March 31, 2020, the Company had
$65.34 million in total assets, $58.92 million in total
liabilities, $14.72 million in series B convertible preferred
stock, and a total stockholders' deficit of $8.30 million.

M&K CPAS, PLLC, in Houston, Texas, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
March 31, 2020, citing that the Company has suffered recurring net
losses from operations and has a net capital deficiency, which
raises substantial doubt about its ability to continue as a going
concern.

                      About GenCanna Global

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.

The Debtors tapped Benesch Friedlander Coplan & Aronoff, LLP and
Dentons Bingham Greenebaum, LLP as legal counsel, Huron Consulting
Services, LLC as operational advisor, and Jefferies, LLC as
financial advisor.  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 tapped Foley & Lardner
LLP as its bankruptcy counsel, DelCotto Law Group PLLC as local
counsel, and GlassRatner Advisory & Capital Group, LLC as financial
advisor.


MCGRATH TECHNICAL: Seeks to Hire Bielli & Klauder as Legal Counsel
------------------------------------------------------------------
McGrath Technical Staffing, Inc. seeks authority from the U.S.
Bankruptcy Court for the Eastern District of California to hire
Bielli & Klauder, LLC as its legal counsel.

Debtor needs the firm's legal assistance to:

     a. advise Debtor of its powers and duties under the Bankruptcy
Code;

     b. prepare legal papers;

     c. represent Debtor in defense of any proceedings instituted
to reclaim property or to obtain relief from the automatic stay
under Section 362(a) of the Bankruptcy Code;

     d. assist Debtor in the preparation of schedules and
statements of financial affairs;

     e. assist Debtor in the preparation of a plan of
reorganization and disclosure statement; and

     f. assist Debtor in the potential sale of its assets pursuant
to Section 363 of the Bankruptcy Code.

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

     Thomas D. Bielli                $350
     David M. Klauder                $350

Bielli & Klauder received a $26,717 retainer from People 2.0 Global
Inc. from monies owed to Debtor.  The firm will also be reimbursed
for out-of-pocket expenses incurred.

Thomas Bielli, Esq., a partner at Bielli & Klauder, disclosed in a
court filing that the firm is "disinterested" as defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Thomas Daniel Bielli, Esq.
     Bielli & Klauder, LLC
     1500 Walnut Street, Suite 900
     Philadelphia, PA 19102
     Tel: 215-642-8271
     Fax: 215-754-4177
     Email: tbielli@bk-legal.com

                 About McGrath Technical Staffing

Founded by Mike Wiley in 2005, McGrath Technical Staffing, Inc. is
a recruiting, staffing and solutions company, offering professional
staffing services, technology talent services and commercial
staffing services.  It conducts business under the name McGrath
Systems.  Visit https://www.mcgrathsystems.com for more
information.

Based in Blue Bell, Pa., McGrath filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Cal.
Case No. 20-13241) on Aug 3, 2020.  McGrath President Michael Wiley
signed the petition.  At the time of filing, Debtor disclosed
assets of between $1 million and $10 million and liabilities of the
same range.

Judge Magdeline D. Coleman oversees the case.

Thomas D. Bielli, Esq., at Bielli & Klauder, LLC, Debtor as legal
counsel.


METROPOLITAN PIER: Fitch Rates Series 2020B/C/D Bonds 'BB+'
-----------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to the following
Metropolitan Pier and Exposition Authority (MPEA) (Illinois)
McCormick Place expansion project bonds:

  -- $67.325 million expansion project refunding bonds, series
2020B;

  -- $49.065 million expansion project refunding bonds, series
2020C (taxable);

  -- $46.27 million expansion project bonds, series 2020D
(taxable).

The bonds will be sold via negotiation on or about the weeks of
Aug. 31 or Sept. 7, 2020.

The Rating Outlook is Negative.

SECURITY

MPEA expansion project bonds are special limited obligations
payable from amounts received by the trustee from the state-held
expansion project fund, including authority taxes and state sales
tax deposits (a portion of state sales taxes) if authority taxes
are insufficient. Payments to the trustee from the expansion
project fund are subject to annual state legislative
appropriation.

ANALYTICAL CONCLUSION

The rating on the MPEA expansion project bonds reflects the pledge
of appropriated state sales tax deposits (subordinate to the lien
of state-issued Build Illinois sales tax revenue bonds), which
serve as a backstop to authority taxes, to pay debt service. 80% of
the state's sales taxes are available to be transferred into the
expansion project fund as needed to address deficiencies from the
authority taxes, and then annually appropriated to the bond
trustee. The transfer to the bond trustee requires annual
legislative appropriation, thereby capping the rating at one notch
below the state of Illinois' IDR. Fitch considers the trapping of a
small portion of state sales taxes in the event of
non-appropriation as insufficient incentive to fully mitigate state
appropriation risk.

While coverage will likely narrow, Fitch anticipates the bonds'
structure will withstand sharp coronavirus-driven revenue declines
in state sales taxes at a level consistent with Fitch's baseline
macro-economic scenario, without deterioration in long-term credit
quality. Looking through the current downturn, Fitch anticipates
the state sales taxes, which are broader and more robust than the
authority taxes, will grow with inflation and can withstand a
substantial level of decline and still maintain sum-sufficient debt
service coverage.

KEY RATING DRIVERS

Appropriation Requirement Links Rating to State: MPEA's ability to
make full and timely payment of debt service is contingent on the
state legislature's annual appropriation of revenue, including of
state sales tax deposits and authority taxes, to the indenture
trustee. This appropriation requirement caps the rating at one
notch below the state's IDR, well below Fitch's assessment of the
underlying credit quality of the debt structure. The rating does
not consider MPEA's operations as state sales tax deposits are
collected and owned entirely by the state before being appropriated
directly to the bond trustee.

Robust Coverage and Resiliance: Given the legal leverage
limitations on the Build Illinois bonds and the statutory cap on
state sales tax deposits for expansion project bonds, state sales
taxes can sustain a significant level of decline and still maintain
ample debt service coverage on all obligations. This is consistent
with a 'aaa' assessment of resilience through moderate economic
declines.

Modest Revenue Growth Anticipated: Illinois' economic performance,
while positive, has lagged that of the U.S. as a whole, and Fitch
anticipates state sales taxes will grow essentially in line with
inflation. This is consistent with a 'a' assessment for pledged
revenue growth prospects.

RATING SENSITIVITIES

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

  -- A sustained and significant improvement in the growth
prospects for sales tax revenues, which would likely not occur
until the current pandemic-driven downturn has passed;

  -- Positive rating action on the state's IDR, given the direct
rating linkage.

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

  -- Greater-than-anticipated, sustained and deep revenue declines,
materially thinner coverage of annual debt service and a weakened
level of resilience in the bonds' structure, all of which could be
triggered by a severe economic contraction, including one
consistent with Fitch's coronavirus downside scenario, extending
well into the second half of the year or beyond. Given the current
capping of the rating discussed, sufficient weakening of the
performance of pledged revenues to warrant a downgrade is
unlikely.

  -- Negative rating action on the state's IDR, given the direct
rating linkage.

CREDIT PROFILE

Economic Resource Base

Illinois benefits from a large, diverse economy centered on the
Chicago metropolitan area, which is the nation's third largest and
is a nationally important business and transportation center.
Economic growth leading into the current downturn had lagged that
of the U.S. as a whole, with population stagnation and labor market
weakness.

Current Developments - Sector-Wide Coronavirus Implications

The recent outbreak of the coronavirus and related government
containment measures worldwide create an uncertain global
environment for U.S. state and local governments and related
entities in the near term. Fitch's ratings are forward-looking, and
Fitch will monitor developments in state and local governments as a
result of the virus outbreak as it relates to severity and
duration, and incorporate revised expectations for future
performance and assessment of key risks.

In its baseline scenario, Fitch assumes sharp economic contractions
hit major economies in 1H20 at a speed and depth that is
unprecedented since World War II. Recovery begins from 3Q20 onward
as the health crisis subsides after a short but severe global
recession. GDP remains below its 4Q19 level until mid-2022.
Additional details, including key assumptions and implications of
the baseline scenario and a downside scenario.

Overview of Dedicated Tax Bonds

The bonds are special limited obligations of MPEA secured by a
pledge of revenues, including amounts received by the trustee from
the expansion project fund, bond proceeds and other moneys and
funds held under the indenture. Deposits to the expansion project
fund are from authority taxes and state sales tax deposits.
Payments to the trustee from the expansion project fund are based
on an annual certification by MPEA to the state comptroller and
treasurer. The authority is a municipal corporation of the state
and would be eligible to file for bankruptcy if the state
legislature authorized such filings for local governments.

Authority taxes, which consist of restaurant, hotel and car rental
and airport departure taxes as well as part of the Illinois Sports
Facility Authority surplus, are the intended source of expansion
project fund deposits. Authority taxes are subject to state
appropriation both to the expansion project fund and subsequently
to the bond trustee.

If authority taxes are insufficient to make any monthly deposit to
the expansion project fund, a portion of the state share of state
sales taxes (the state sales tax deposits) is automatically
deposited into the expansion project fund in amounts sufficient to
address the shortfall. This commitment is subordinate to
outstanding Build Illinois sales tax revenue bonds (senior and
junior lien bonds rated 'A-'/Stable) that are issued directly by
the state and not subject to annual state appropriation. The state
sales tax deposits for the expansion project bonds must be
appropriated from the expansion project fund to the trustee in
order to be used for debt service. Under a non-impairment covenant
in the indenture, the state pledges that it will not limit or alter
the basis on which the state sales taxes are collected.

Planned Issuance Provides Budget and Debt Service Relief

MPEA's issuance of series 2020B, C and D bonds combined with other
state support including a direct $56 million appropriation, will
provide critical budgetary relief for the authority as it works to
manage sharply reduced revenues as a result of the coronavirus
pandemic. The Authority's operating revenues derive primarily from
hosting conventions and large events at its facilities. This
activity and related revenues have been sharply curtailed, creating
operating deficits for the authority. MPEA's fiscal challenges do
not affect Fitch's rating on the bonds which is driven by the
state's sales tax revenues and appropriation requirement.

The series 2020B and C bonds will refund all maturities coming due
in fiscal 2021 (along with associated interest), leaving
interest-only payments for certain series and reducing overall debt
service costs for the year by approximately $118 million-$97
million. Pro forma debt service increases in out-years,
particularly in fiscals 2027-2029 and 2042, when debt that is first
callable in 2022 is scheduled to mature. The restructuring will not
change the final maturity for all outstanding debt in 2057. MPEA
pays debt service on expansion project bonds from authority taxes
that are derived from leisure and hospitality-based activity and
have seen significant declines during the pandemic. The lower debt
service in fiscal 2021 aligns with the authority's current
expectation for authority taxes and minimizes the potential the
authority will draw on the backstop provided by state sales taxes.
Fitch considers this proposed restructuring of debt service a
reasonable approach to managing the sharp revenue declines and
consistent with the current rating on the bonds.

The series 2020D bonds will utilize the authority's remaining
expansion project bonds borrowing capacity, and, using newly
broadened approved uses, to provide liquidity for general corporate
purposes. Fitch anticipates MPEA will use the roughly $46 million
in proceeds to manage operating deficits associated with the
pandemic, and potentially support debt service or additional
restructuring.

Sales Tax Growth Prospects are Modest

Fitch's analysis focuses on the state sales taxes as they are a
much stronger revenue stream than the authority taxes. Sales taxes
are imposed at a unified state and local rate of 6.25%, with 80% of
collections representing the state's share. With a relatively
slowly growing state economy, Fitch considers growth prospects for
state sales taxes essentially in line with inflation. State sales
taxes are economically sensitive, as illustrated by the cumulative
12% decline during the Great Recession. Revenues recovered since
then, growing regularly though with some volatility that could be
attributed to gasoline prices as the state taxes gasoline sales as
a percentage of the per gallon price.

Fiscal 2019 exhibited very strong growth of nearly 8%, and likely
benefitted from the state's implementation of new regulations
following the U.S. Supreme Court's June 2018 Wayfair decision
expanding states' ability to directly tax remote sellers. Fiscal
2020 revenues declined 2%, reflecting initial effects of the
coronavirus pandemic. The state's most recent estimate for fiscal
2021 is a 7% yoy decline.

Over the long-term, Fitch anticipates sales tax growth will
moderate from the robust 2019 gain and generally revert to
prepandemic historical performance. Between 2007 and 2017, average
annual growth in state sales taxes was 1.2%, just below inflation.

High Level of Structural Resilience

State sales taxes totaled $9.2 billion in fiscal 2020 (including
certain amounts collected in state non-general funds), covering
pro-forma maximum annual debt service (MADS) on aggregate debt
(including Build Illinois senior and junior bonds and MPEA's
expansion project bonds) by approximately 18x. For current
aggregate MADS Fitch uses fiscal 2022 pro forma debt service of
$523.6 million as aggregate debt service declines steadily each
year given the declining schedule for Build Illinois bonds.

Fitch applies both a short-term coronavirus-driven stress and a
long-term perspective to arrive at an assessment of the bonds'
structural resilience. Based on fiscal 2020 pledged revenues, state
sales tax revenues could withstand an up to 94% revenue decline and
maintain sum-sufficient coverage of maximum annual debt service.
This is well in excess of Fitch's 34% coronavirus stress applied to
fiscal 2019 sales tax revenues (the last year unaffected by the
pandemic - equivalent to a 30% decline on fiscal 2020 revenues).
The 34% stress is informed by Fitch's initial nationwide assumption
of declines in discretionary retail activity.

Fitch also assesses the FAST output, using both prepandemic
moderate economic downturn expectations of a 1% decline in national
GDP and the largest decline in revenues over the period covered by
the revenue sensitivity analysis. The prepandemic FAST model output
indicates a 2.9% drop in revenue in a moderate recession scenario,
while the largest cumulative historical decline was 12% between
fiscals 2008 and 2010. Declines during the current downturn could
exceed that cumulative loss.

Fitch assesses resilience of the structure based on a conservative
assumption that the Build Illinois liens would be fully leveraged
to their maximum ABT and that MADS would occur the same year that
the proposed statutory maximum state sales tax deposit for
expansion project bonds of $450 million is reached. In 2020, MPEA
received statutory authorization lifting the cap on the maximum
amount of annual state sales tax deposits available for expansion
project bonds to $450 million from $350 million, which Fitch
considers a de facto cap on debt service. This scenario is unlikely
as current Build Illinois debt service is on a declining schedule
while the maximum state sales tax deposits are on an ascending
schedule.

Nevertheless, in this scenario, the state sales taxes could
withstand an 85% decline, equivalent to 26x the projected decline
in a moderate economic downturn and 7x the largest historical
peak-to-trough decline, and still cover MADS. Given this
exceptional level of resilience and the growth prospects assessment
noted, Fitch's rating on the bonds is tied to the state's IDR
rather than the underlying dedicated tax-bond analysis, which would
support a much higher rating.

EXPOSURE TO ISSUER OPERATIONS

The bonds are subject to state appropriation risk given the
appropriation requirement for the authority taxes and state sales
tax deposits used to pay debt service. Bonds are not exposed to
operating risk from MPEA as the state sales tax deposits available
for debt service are solely state revenues, collected and
controlled by the state itself in a fund held within the state
treasury, until they are appropriated directly to the bond trustee
as needed for debt service. State law authorizes state sales tax
deposits solely for transfer to the expansion project fund and to
support debt service on expansion project bonds. State sales taxes
or sales tax deposits never flow to the authority and cannot be
used for authority operations.

If an appropriation is not made, the authority taxes are not able
to be transferred into the expansion project fund and instead,
state sales tax deposits equivalent to debt service are
automatically deposited into the expansion project fund. Without an
appropriation, the transferred state sales tax deposits cannot be
used for debt service, but they are also unavailable for general
state operations. Under current law, the maximum amount of state
sales tax deposits that could be transferred into the expansion
project fund is $300 million in fiscal 2021 (less than 1% of
projected sales tax revenues), escalating gradually to a maximum of
$450 million in fiscal 2036.

The governor's veto of a state budget bill that included
appropriation for expansion project bonds debt service at the start
of fiscal 2016 illustrates the risk posed to bondholders. The
non-appropriation prevented the monthly transfer of funds from the
expansion project fund to the trustee by the July 20 date outlined
in the indenture. Fitch notes the state enacted an appropriation
for transfers to the bond trustee on Aug. 20, thereby preventing an
event of default under indenture. Illinois also enacted a timely
appropriation in fiscal 2017 despite the ongoing state budget
impasse. In Fitch's view, these actions reflect the state's strong
incentives to ensure timely debt service payments on the expansion
project bonds and support close linkage to the state's IDR.

In some instances, Fitch will rate appropriation or lease-backed
debt equivalent to a government's IDR if the agency judges the
already strong incentive for appropriation to be significantly
enhanced. Fitch does not consider the trapping of a very modest
share of general fund revenues as described to be enough of an
incentive to warrant a rating for the expansion project bonds
equivalent to the state's IDR.

MPEA Project Revenue Bonds Do Not Affect Expansion Project Bonds
Rating

In 2019, MPEA issued $36.865 million in project revenue bonds via
private placement (series 2019A, not rated by Fitch), secured by a
pledge of various authority revenues including savings from
financed energy projects, net revenues of certain parking
facilities, and net revenues of the authority's energy center.
There is no linkage with the authority taxes or state sales tax
deposits used for expansion project bonds.

ESG Considerations

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of 3 - ESG issues are credit
neutral or have only a minimal credit impact on the entity, either
due to their nature or the way in which they are being managed by
the entity.

Illinois has an Environmental, Social and Governance (ESG)
Relevance Score of '4' for Governance - Rule of Law, Institutional
& Regulatory Quality, Control of Corruption, which reflects the
state's repeated inability to address its structural challenges due
to an absence of consensus and resistance among key stakeholders.


MEXTEX OPERATING: Seeks to Hire Pulman Cappuccio as Legal Counsel
-----------------------------------------------------------------
MexTex Operating Company seeks authority from the U.S. Bankruptcy
Court for the Western District of Texas to hire Pulman, Cappuccio &
Pullen, LLP as its legal counsel.

The firm will provide the following services:

     a. take all necessary actions to protect and preserve Debtor's
bankruptcy estate, including the prosecution of actions on Debtor's
behalf, the defense of any action commenced against Debtor, the
negotiation of disputes in which Debtor is involved, and the
preparation of objections to claims filed against the estate;

     b. prepare legal papers;

     c. advise Debtor on legal questions concerning all aspects of
its Chapter 11 case, including issues regarding the sale or lease
of the bankruptcy estate's assets; and

     d. assist in the formulation of a plan of reorganization.

The firm will be paid at hourly rates as follows:

     Randall A. Pulman, Partner     $500
     Thomas Rice, Counsel           $450
     Amber L. Fly, Associate        $275
     Paralegal                      $125
     Law Clerk                      $90

Pulman Cappuccio received a retainer from Debtor in the amount of
$75,000.  The firm incurred $3,862.50 in fees and expenses, which
was applied against the retainer prior to filing the Chapter 11
petition.  Pulman Cappuccio holds the remaining $71,137.50 as a
post-petition retainer.

Randall Pulman, Esq., a partner at Pulman Cappuccio, disclosed in
court filings that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

Pulman Cappuccio can be reached at:

     Mr. Randall A. Pulman, Esq.
     Pulman, Cappuccio & Pullen, LLP
     2161 N.W. Military Highway, Suite 400
     San Antonio, TX 78213
     Tel: (210) 222-9494
     Fax: (210) 892-1610
     Email: RPulman@pulmanlaw.com

                  About MexTex Operating Company

MexTex Operating Company is an Austin, Texas-based company that
provides support activities for the mining industry.

MexTex Operating Company, filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No.
20-10768) on July 7, 2020. At the time of the filing, Debtor
disclosed assets of between $1 million and $10 million and
liabilities of the same range.

Judge H. Christopher Mott oversees the case.

Pulman, Cappuccio & Pullen, LLP represents Debtor as legal counsel.


MOUNTAIN PROVINCE: Fitch Cuts IDR to CCC, Outlook Negative
----------------------------------------------------------
Fitch Ratings has downgraded Mountain Province Diamonds Inc.'s
(MPVD) Issuer Default Rating to 'CCC' from 'B-'. The Rating Outlook
remains Negative. Fitch has also downgraded the first-lien
revolving credit facility to 'B'/'RR1' from 'BB-'/'RR1' and the
second-lien secured notes to 'CCC'/'RR4' from 'B-'/'RR4'.

The downgrade reflects materially lower diamond prices and the
currently challenged diamond market due to coronavirus pandemic
implications. The downgrade also reflects Fitch's belief that
coronavirus pandemic-related effects leading to any shortfall in
business performance could quickly erode the company's minimal
liquidity, consisting of CAD17 million in cash and no availability
under its fully drawn revolver. Fitch views this as partially
offset by expectations for relatively neutral FCF.

The Negative Outlook reflects pandemic-related uncertainties, which
resulted in MPVD suspending its third sale, the pandemic's
potentially adverse effect on remaining liquidity and the
uncertainty MPVD will be able to refinance the notes due 2022. The
Outlook also reflects Fitch's belief that there is heightened risk
of a distressed debt exchange in the next 12-28 months if MPVD is
unable to access capital markets. Currently, MPVD's ability to
secure additional financing remains uncertain, although Fitch views
this as partially offset by a supportive majority shareholder. Mr.
Desmond's support has been demonstrated by his willingness to
assume and refinance credit facility obligations and the sales
agreement between Dunebridge Worldwide Ltd. (Dunebridge), which Mr.
Desmond controls. Fitch recognizes that the production profile has
been generally in line with expectations and the Outlook is not
reflective of asset quality, but rather coronavirus and
sector-related issues.

MPVD's rating reflects its relatively small size, concentrated
operations with single commodity exposure and short operating
history. This is offset by a solid mine life, mining operations
located in a favorable jurisdiction, an experienced operator,
strong margins and Fitch's expectation for relatively neutral FCF
generation. The rating is supported by a relatively steady
production profile over the tenor of the notes and the potential to
add resources and extend the life of mine (LOM) plan.

KEY RATING DRIVERS

Pressured Liquidity: As of June 30, 2020, MPVD had cash and cash
equivalents of CAD17 million and no availability under its fully
drawn $25 million revolving credit facility. Given MPVD's
relatively small size, any shortfall in business performance could
exhaust minimal liquidity. The operation of single mine heightens
coronavirus pandemic-related implication's potential to cause
operational disruptions. Fitch views MPVD's weak liquidity as
partially offset by expectations for relatively neutral FCF and a
supportive majority shareholder.

Restructuring Likely Required: A default in the next 12-28 months
is a real possibility if MPVD is unable to refinance the notes due
2022. The currently challenged diamond market heightens the risk
MPVD will be unable to access capital markets. Fitch believes MPVD
may need to pursue a destressed debt exchange if alternative
financing is unavailable or at acceptable terms.

Supportive Majority Shareholder: The coronavirus pandemic resulted
in MPVD suspending its third diamond sale in 2020, pressuring
liquidity. During 2Q20, MPVD entered into an agreement with
Dunebridge, a company controlled by Mr. Desmond, to sell up to $50
million of diamonds at prevailing market prices. As of June 30,
2020, approximately $22.6 million of diamonds have been sold under
the agreement, with approximately $27.4 million remaining under the
agreement. In 3Q20, MPVD announced it will seek approval for an
increase to $100 million in sales capacity under the agreement with
Dunebridge.

In 3Q20, MPVD announced it is seeking approval for the assignment
from the existing lenders of the credit facility to Mr. Desmond. In
connection, Mr. Desmond will provide a refinancing and extension of
the $25 million revolving credit facility. The proposal includes
adjusting the interest rate to a fixed 5% per annum, payable
monthly and removing certain financial maintenance covenants under
a one-year term.

Significant Price Pressure: Geopolitical and macroeconomic
uncertainties, partially driven by U.S.-China trade tensions,
resulted in reduced consumer confidence that pressured 2019 diamond
market prices. MPVD's average selling prices fell approximately 15%
in 2019 compared with 2018. MPVD's average prices declined
approximately 24% YTD June 30, 2020 compared with the period a year
prior. The coronavirus pandemic creates further uncertainty and may
result in additional diamond price and demand pressure which would
further pressure liquidity. The magnitude and timing of diamond
market recovery remains uncertain.

Coronavirus Pandemic Creates Uncertainty: Citywide closures in
Antwerp, Belgium, where MPVD sells its diamonds, resulted in the
company postponing its third sale of 2020. MPVD plans to hold its
first sale since the start of the pandemic in September 2020
however there remains uncertainty that traditional sales channels
for diamonds remain closed or subdued. Fitch views this as
partially offset by the Dunebridge agreement although the company's
relatively small size and minimal liquidity is a ratings concern.
Fitch believes operating a single mine site heightens the risk of
operational disruption from the pandemic.

Covenant Pressure: MPVD announced a covenant amendment on March 31,
2020, which included increasing the maximum leverage ratio to 4.5x
in 1Q20, 5.0x in 2Q20 and 4.25x in 3Q20. MPVD announced it entered
into a waiver agreement on July 13, 2020, which exempts the company
from compliance with financial covenants in 2Q20 and removes the
covenant to maintain a minimum cash balance. In exchange, MPVD
agreed to reduce the revolver to USD25 million from USD50 million
and additional covenants. In 3Q20, MPVD announced it will seek
approval to remove certain financial agreements under the revolver
under a one-year term.

Stable Production Profile: The Gahcho Kué (GK) mine is located in
Canada's Northwest Territories, a mining-friendly and politically
stable jurisdiction. MPVD has a limited track record with the GK
mine, declaring commercial production on March 1, 2017, but De
Beers Canada, Inc., the majority owner and operator of the GK mine,
has extensive mining history, which helps mitigate risk. MPVD's
small size and limited operating history is also offset by a
relatively long LOM plan, which extends to 2030. All mining at the
GK mine is currently open pit, which also reduces operational risk.
Fitch expects MPVD's share of annual diamond production to average
around 3 million carats over the next four years, barring any
unexpected pandemic-related production curtailments.

Strong Margins: MPVD benefits from strong EBITDA margins, even in
the weak diamond price environment, driven by relatively high-grade
and low-cost mining. Fitch expects solid margins and manageable
capital spending at relatively stable prices to result in neutral
FCF generation on average.

DERIVATION SUMMARY

MPVD is significantly smaller than Russian-based leading global
diamond producer PJSC ALROSA (BBB-/Stable). Alrosa accounts for
over 25% of global diamond production, has low cash costs, robust
margins and conservative financial leverage. Gold miner Gran
Colombia Gold Corp. (B/Stable) has favorable leverage metrics, but
it has lower margins and higher country risk compared with MPVD.
Iron pellet producer Ferrexpo plc (BB-/Stable) is larger and has
favorable leverage metrics compared with MPVD. However, Ferrexpo's
credit quality is constrained by the operating environment in
Ukraine.

KEY ASSUMPTIONS

Key Assumptions

Fitch's Key Assumptions Within the Rating Case for the Issuer
Include:

  -- Average diamond prices decline in 2020, recover modestly to
2019 average prices in 2021 and remain relatively flat thereafter;

  -- Production averages roughly 3 million carats per year, on a
49% basis, through 2023;

  -- Carats sold lower in 2020 due to suspended third 2020 sale and
high uncertainty associated with the coronavirus' impact on the
business, which then rebounds in 2021, partially driven by
inventory build;

  -- Minimal exploration spending until 2023;

  -- No dividends or share repurchases.

RATING SENSITIVITIES

Fitch could Stabilize the Outlook if MPVD is able to significantly
improved liquidity and with higher visibility into MPVD's ability
to access capital markets.

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

  - Demonstrated capital market access and visibility into strategy
to addresses the 2022 notes maturity;

  - Expectation of stronger than expected FCF resulting in improved
liquidity.

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

  - Heightened risk for a destressed debt exchange or an inability
to secure financing which addresses the 2022 notes maturity;

  - Shareholder support weakens;

  - Further deteriorating liquidity position;

  - A combination of lower diamond prices, lower sales and/or
higher costs resulting in FCF significantly below expectations.

LIQUIDITY AND DEBT STRUCTURE

Minimal Headroom: MPVD had cash and cash equivalents of roughly
CAD17 million and no availability under its fully drawn
USD25million revolver due 2020 as of June 30, 2020. Fitch and any
shortfall in business performance may quickly exhaust remaining
liquidity.

The recovery analysis assumes MPVD would be considered a going
concern in bankruptcy and the company would be reorganized rather
than liquidated. Assumptions for the going concern approach
include:

Fitch assumes a bankruptcy scenario exit going concern EBITDA of
CAD65 million. The EBITDA estimate is reflective of variable
production levels that tend to fluctuate with kimberlite mix shifts
and could potentially heighten refinancing risk. The EBITDA
estimate incorporates a scenario of material supply chain
disruption and prolonged weakness in the diamond market. The GC
EBITDA estimate also reflects the volatility and unpredictability
of diamond prices.

Fitch applies EBITDA multiples that generally range from 4.0x-6.0x
for mining issuers, given the cyclical nature of commodity prices.
MPVD's 4.0x multiple is at the low end of the range reflecting its
short operating history and concentration in a single commodity.

Fitch applies a going concern EBITDA of CAD65 million and a 4.0x
enterprise value multiple, which results in an enterprise value of
CAD260 million and compares closely with Fitch's estimated
liquidation value. Fitch assumed the revolving credit facility is
fully drawn and a 10% administrative claim in the recovery
analysis. Fitch's recovery analysis results in a 100% recovery for
the first-lien senior secured revolver rated 'B'/'RR1' and a 49%
recovery for the second- lien senior secured notes rated
'CCC'/'RR4'.


MUSCLEPHARM CORP: Incurs $5.08 Million Net Loss in Q3 2019
----------------------------------------------------------
MusclePharm Corporation filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q, disclosing a net loss
of $5.08 million on $21.17 million of net revenue for the three
months ended Sept. 30, 2019, compared to a net loss of $1.42
million on $21.94 million of net revenue for the three months ended
Sept. 30, 2018.

For the nine months ended Sept. 30, 2019, the Company reported a
net loss of $15.47 million on $62.25 million of net revenue
compared to a net loss of $4.21 million on $67.95 million of net
revenue for the three months ended Sept. 30, 2018.

As of Sept. 30, 2019, the Company had $17.32 million in total
assets, $41.96 million in total liabilities, and a total
stockholders' deficit of $24.64 million.

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

https://www.sec.gov/Archives/edgar/data/1415684/000165495420009484/mslp_10q.htm

                     About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTCQB:MSLP) -- http://www.musclepharm.com/and
http://www.musclepharmcorp.com/-- develops, manufactures, markets
and distributes branded nutritional supplements.  The Company
offers a broad range of performance powders, capsules, tablets and
gels that satisfy the needs of enthusiasts and professionals
alike.

MusclePharm reported a net loss of $18.93 million on $79.67 million
of net revenue for the year ended Dec. 31, 2019, compared to a net
loss of $10.76 million on $88.11 million of net revenue for the
year ended Dec. 31, 2018.  As of Dec. 31, 2019, the Company had
$14.54 million in total assets, $42.49 million in total
liabilities, and a total stockholders' deficit of $27.95 million.

SingerLewak LLP, in Los Angeles, California, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated Aug. 24, 2020, citing that the Company has suffered recurring
losses from operations, accumulated deficit and its total
liabilities exceed its total assets.  This raises substantial doubt
about the Company's ability to continue as a going concern.


NEIMAN MARCUS: Ares Faces New Suit Over Mytheresa Transfer
----------------------------------------------------------
Sindhu Sundar, writing for WWD, reports that the conflict over
Neiman Marcus Group and Mytheresa, the German luxury web site the
retailer acquired in 2014, is playing out on parallel tracks.

Controversy still surrounds the transaction that, according to
Neiman Marcus, was completed in 2018, which had moved the Mytheresa
subsidiaries out of its debt structure. Even before Neiman's
ongoing bankruptcy, the move prompted some creditors to file
lawsuits claiming that the transaction was designed to keep the
value of Mytheresa -- which creditors have described as a $1
billion asset -- away from the reach of creditors. Those lawsuits
have since been dismissed, but the battle very much rages on.

For one, the retailer's bankruptcy proceedings are still playing
out in Texas federal court, where unsecured creditors are arguing
they should be allowed to pursue recoveries related to the
Mytheresa transfer. U.S. Bankruptcy Judge David Jones has allowed
the unsecured creditors committee to file a competing disclosure
statement for a Chapter 11 plan in the case  

Meanwhile, UMB Bank NA, the trustee for a group of bondholders,
filed a new lawsuit in New York state court against Ares Partners
Holdco LLC and other Ares entities; Ares is one of the owners of
Neiman's.  UMB Bank filed the suit on the same day the state court
dismissed its previous suit over the Mytheresa transfer, which it
had filed in August 2019.

Neiman and Ares had sought to dismiss that previous suit by the
bondholders' trustee by arguing that the indentures at issue --
that is, the loan documents that governs the bonds -- contain
waivers or releases that prevent the trustee from bringing the
suit.

They had also argued that the trustee can't bring the suit before
there had been an event of default, which at the time they said
there wasn't, because Neiman Marcus had not missed any payments on
its debt at the time.

In its new lawsuit this week, UMB Bank argues that the default
event has come to pass after all, as Neiman's bankruptcy
demonstrates. The suit argued that Neiman's had defaulted on its
interest payments to unsecured noteholders. The UMB Bank suit only
targets Ares entities, as Neiman's ongoing bankruptcy would
essentially pause any other separate legal action against Neiman
Marcus and its other related entities in Chapter 11.

"On May 7, 2020, the inevitable bankruptcy Ares' conduct
precipitated came to fruition, with the company filing a Chapter 11
Bankruptcy Petition in the Bankruptcy Court for the Southern
District of Texas," the complaint said, referring to the Neiman
Marcus bankruptcy. "On or about May 15, 2020, the default created
by the missed interest payment ripened into an event of default,
which is continuing, under the indentures."

A representative for Ares Management contended in a statement
Friday that the claims lacked merit.

"The latest suit filed by UMB makes the exact same claims that were
just dismissed for lack of standing, which continue to be entirely
without merit," a spokesman for Ares Management said in the
statement.

                   About Ares Management Corp.

Ares Management Corporation is a global alternative investment
manager operating three integrated businesses across credit,
private equity and real estate.

                     About Neiman Marcus Group

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

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

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

Judge David R. Jones oversees the cases.

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

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


NEW YORK HOSPITALITY: Seeks Approval to Hire Bankruptcy Attorneys
-----------------------------------------------------------------
New York Hospitality, JV seeks authority from the U.S. Bankruptcy
Court for the Western District of Texas to hire Austin, Texas-based
attorneys B. Weldon Ponder Jr., Esq., and Catherine Lenox, Esq., to
handle its Chapter 11 case.

Debtor needs legal assistance to:

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

      b. represent Debtor in adversary proceedings and other
contested and uncontested matters;

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

      d. assist Debtor in the formulation of a plan of
reorganization and in taking the necessary steps to obtain court
approval of the plan.

Mr. Ponder and Ms. Lenox will charge $375 per hour and $300 per
hour for attorney's services, respectively.  For paraprofessional
services provided by Ms. Lenox, the hourly fee is $125.   

Mr. Ponder received a retainer of $30,000 directly from the trust
account of Calzaretto & Bernstein LLC, Debtor's pre-bankruptcy
counsel.  The funds in that trust account were from Debtor.  From
that retainer, $6,717 was used to pay the pre-bankruptcy services
provided and expenses incurred by Mr. Ponder, including $1,717 for
the filing fee, while $7,339.10 was used to pay the pre-bankruptcy
services provided and expenses incurred by Ms. Lenox.  This leaves
$15,943.90 in Mr. Ponder's trust account as a retainer for
post-petition legal services and reimbursable expenses.

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

The attorneys can be reached at:

      B. Weldon Ponder, Jr.  
      4408 Spicewood Springs Road
      Austin, TX 78759
      Tel: 512-342-8222
      Fax: 512-342-8444
      Email: welpon@austin.rr.com

        -- and --

      Catherine Lenox Esq.
      P.O. Box 9904
      Austin, TX 78766
      Tel: 512-689-7273
      Fax: 512-451-7273
      Email: clenox.law@gmail.com

                  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.


NINE FAMILY: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Nine Family Circle Holdings, Inc.
        1128 Lake Hanna Dri.
        Lutz, FL 33549

Business Description: Nine Family Circle Holdings, Inc.

Chapter 11 Petition Date: August 27, 2020

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 20-06494

Debtor's Counsel: Scott A. Stichter, Esq.
             STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 E. Madison St., Suite 200
                  Tampa, FL 33602
                  Tel: 813-229-0144
                  Email: sstichter@srbp.com

Total Assets as of July 31, 2020: $1,021,465

Total Liabilities as of July 31, 2020: $1,269,446

The petition was signed by Anthony L. Borruso, president.

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

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

https://www.pacermonitor.com/view/EXCE6HA/Nine_Family_Circle_Holdings_Inc__flmbke-20-06494__0001.0.pdf?mcid=tGE4TAMA


NOBLE CORP: Milbank, Jackson Represent Legal Noteholder Group
-------------------------------------------------------------
In the Chapter 11 cases of NOBLE CORPORATION PLC, et al., the law
firms of Milbank LLP and Jackson Walker L.L.P. submitted a verified
statement filed under Rule 2019 of the Federal Rules of Bankruptcy
Procedure, to disclose that they are representing the Ad Hoc Group
of Legacy Noteholders.

The ad hoc group of certain beneficial holders, or investment
advisors or managers for the account of beneficial holders, of
notes issued pursuant to (a)that certain Indenture, dated as of
November 21, 2008, between Noble Holding International Limited as
issuer and the Bank of New York Mellon Trust Company, N.A. as
trustee and (b) that certain Indenture, dated as of March 16, 2015,
between NHIL as issuer and Wells Fargo Bank, N.A. as trustee,
including:

     (i) The 4.90% Senior Notes due 2020 and 6.20% Senior Notes due
2040, issued pursuant to the Second Supplemental Indenture relating
to the 2008 Indenture, dated as of July 26, 2010, by and among NHIL
as issuer, Noble Corporation as guarantor and BNY Mellon as
trustee;

    (ii) The 4.625% Senior Notes due 2021 and 6.05% Senior Notes
due 2041, issued pursuant to the Third Supplemental Indenture
relating to the 2008 Indenture, dated as of February 3, 2011, by
and among NHIL as issuer, Noble Corporation as guarantor, and BNY
Mellon as trustee;

   (iii) The 3.95% Senior Notes due 2022 and 5.25% Senior Notes due
2042, issued pursuant to the Fourth Supplement to the 2008
Indenture, dated as of February 10, 2012, by and among NHIL as
issuer, Noble Corporation as guarantor, and BNY Mellon as trustee;

    (iv) The 7.950% Senior Notes due 2025 and 8.950% Senior Notes
due 2045, issued pursuant to the First Supplemental Indenture
relating to the 2015 Indenture, dated as of March 16, 2015, by and
among NHIL as issuer, Noble Corporation as guarantor, and
Wilmington Trust, National Association as trustee; and

     (v) The 7.750% Senior Notes due 2024, issued pursuant to the
Second Supplemental Indenture relating to the 2015 Indenture, dated
as of December 28, 2016, by and among NHIL as issuer, Noble as
guarantor, and Wilmington Trust, National Association as trustee.

In March 2020, the Ad Hoc Group retained Milbank as counsel. In
July 2020, the Ad Hoc Group retained Jackson Walker as Texas
counsel.

Counsel represents the Ad Hoc Group and does not represent or
purport to represent any entities other than the Ad Hoc Group in
connection with the Debtors' chapter 11 cases. In addition, neither
the Ad Hoc Group nor any member of the Ad Hoc Group represents or
purports to represent any other entities in connection with the
Debtors' chapter 11 cases.

As of Aug. 14, 2020, members of the Ad Hoc Group and their
disclosable economic interests are:

Brigade Capital Management, LP
399 Park Avenue, 16th Floor
New York, NY, 10022

* 2024 Legacy Notes: $77,079,000.00
* 2025 Legacy Notes: $718,000.00
* 2040 Legacy Notes: $26,450,000.00
* 2041 Legacy Notes: $17,050,000.00
* 2042 Legacy Notes: $80,000.00
* 2045 Legacy Notes: $64,405,000.00

Canyon Capital Advisors LLC
2000 Avenue of the Stars, 11th Floor
Los Angeles, CA 90067

* 2024 Legacy Notes: $20,503,000.00
* 2025 Legacy Notes: $195,343,000.00
* 2040 Legacy Notes: $85,098,000.00
* 2041 Legacy Notes: $34,440,000.00
* 2042 Legacy Notes: $43,770,000.00
* 2045 Legacy Notes: $68,305,000.00
* $31,955,000.00 Priority Guarantee Notes
* $29,219,113.75 participation in loans under Revolving Credit
  Facility

Citadel Advisors LLC
601 Lexington Avenue
New York, NY 10022

* 2022 Legacy Notes: $313,000.00
* 2024 Legacy Notes: $17,000,000.00
* 2025 Legacy Notes: $33,000,000.00
* $2,700 credit default swap position

King Street Capital Management, L.P.
299 Park Avenue, 40th Floor
New York, NY 10171

* 2024 Legacy Notes: $14,000,000.00
* 2040 Legacy Notes: $86,075,500.00
* 2041 Legacy Notes: $123,514,200.00
* 2042 Legacy Notes: $254,212,700.00
* $5,000,000 credit default swap position

Nothing contained in this Verified Statement should be construed as
a limitation upon, or waiver of, any rights of any member of the Ad
Hoc Group to assert, file, and/or amend any claim or proof of claim
filed in accordance with applicable law and any orders entered in
these cases.

The information contained herein is provided only for the purpose
of complying with Bankruptcy Rule 2019 and is not intended for any
other use or purpose.

Counsel reserves the right to amend this Verified Statement as may
be necessary in accordance with the requirements set forth in
Bankruptcy Rule 2019.

Co-Counsel to the Ad Hoc Group of Legacy Noteholders can be reached
at:

          JACKSON WALKER L.L.P.
          Matthew D. Cavenaugh, Esq.
          Kristhy M. Peguero, Esq.
          Cameron Secord, Esq.
          1401 McKinney Street, Suite 1900
          Houston, TX 77010
          Telephone: (713) 752-4200
          Facsimile: (713) 752-4221
          Email: mcavenaugh@jw.com
                 kpeguero@jw.com
                 csecord@jw.com

             - and -

          MILBANK LLP
          Evan R. Fleck, Esq.
          Matthew L. Brod, Esq.
          55 Hudson Yards
          New York, NY10001
          Telephone: (212) 530-5000
          Facsimile: (212) 530-5219
          Email: efleck@milbank.com
                 mbrod@milbank.com

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

                    About Noble Corporation

Noble Corporation plc -- http://www.noblecorp.com/-- is an
offshore drilling contractor for the oil and gas industry.  It
provides contract drilling services to the international oil and
gas industry with its global fleet of mobile offshore drilling
units. Noble Corporation focuses on a balanced, high-specification
fleet of floating and jackup rigs and the deployment of its
drilling rigs in oil and gas basins around the world.

On July 31, 2020, Noble Corporation and its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Tex. Lead Case No. 20-33826).  Richard B. Barker,
chief financial officer, signed the petitions.  Debtors disclosed
total assets of $7,261,099,000 and total liabilities of
$4,664,567,000 as of March 31, 2020.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP and
Porter Hedges LLP as legal counsel, AlixPartners, LLP as financial
advisor, and Evercore Group LLC as investment banker.  Epiq
Corporate Restructuring, LLC is the claims and noticing agent.


NUSTAR ENERGY: Moody's Lowers CFR to Ba3, Outlook Negative
----------------------------------------------------------
Moody's Investors Service has downgraded the ratings of NuStar
Energy L.P. (NuStar) and NuStar Logistics L.P., including the
Corporate Family Rating to Ba3 from Ba2, Probability of Default
rating to Ba3-PD from Ba2-PD and ratings of senior unsecured notes
to Ba3 from Ba2. The ratings of NuStar Logistics' subordinated
notes and the ratings of preferred units issued at NuStar were
downgraded to B2 from B1. Concurrently, Moody's upgraded NuStar's
Speculative Grade liquidity Rating to SGL-3 from SGL-4. The outlook
on all ratings is negative.

The action concludes the review of the ratings for downgrade
initiated on April 13, 2020.

"The downgrade of the ratings reflects Moody's expectation that
NuStar will need to reduce the absolute amount of its debt and
high-cost preferred capital, to support its credit profile amid
slow growth. Moody's does not expect NuStar to generate significant
free cash flow to repay debt, but the company retains significant
flexibility to further reduce distributions or raise capital
through asset monetization over time," said Elena Nadtotchi,
Moody's Senior Credit Officer.

Downgrades:

Issuer: NuStar Energy L.P.

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

Corporate Family Rating, Downgraded to Ba3 from Ba2

Pref. Stock Preferred Stock, Downgraded to B2 (LGD6) from B1
(LGD6)

Issuer: NuStar Logistics, L.P.

Subordinate Notes, Downgraded to B2 (LGD6) from B1 (LGD6)

Senior Unsecured Notes, Downgraded to Ba3 (LGD3) from Ba2 (LGD3)

Issuer: St. James (Parish of) LA

Senior Unsecured Revenue Bonds, Downgraded to Ba3 from Ba2

Upgrades:

Issuer: NuStar Energy L.P.

Speculative Grade Liquidity Rating, Upgraded to SGL-3 from SGL-4

Outlook Actions:

Issuer: NuStar Energy L.P.

Outlook, Changed to Negative from Rating Under Review

Issuer: NuStar Logistics, L.P.

Outlook, Changed to Negative from Rating Under Review

RATINGS RATIONALE

The downgrade of the CFR to Ba3 reflects Moody's expectation that
in the near term NuStar will not generate significant free cash
flow and will need to make divestments to reduce debt. NuStar
benefits from an extensive and diversified portfolio of assets, but
any divestments will likely take some time because the company
needs to achieve higher valuations to enable deleveraging.

Prior year growth investments and an enlarged revenue base should
help NuStar to mitigate a decline in earnings in 2020, caused by
reduced activity in refining and E&P sectors amid economic
lockdowns. Slower growth in earnings from NuStar's new assets,
including from its recently completed Permian Crude system, will
delay organic deleveraging beyond 2020-21.

While NuStar reduced its shareholder distributions, its free cash
flow generation remains constrained by the significant cash
payments on common and preferred units, as well as its relatively
high cash cost of debt. In 2017-2019, NuStar generated significant
negative free cash flow and had to make divestments to help fund
operating deficits. In 2020, NuStar cut capital investment and
should cover most of payments on capital and investment from its
operating cash flow.

At the end of June 2020, NuStar's adjusted debt stood at $3.4
billion, with a further $1.4 billion outstanding in preferred
securities, that Moody's excludes from the calculation of debt and
leverage metrics. Moody's expects NuStar's leverage to exceed 5x
debt/EBITDA in 2020-21 and to recover slowly in step with growth in
earnings.

The negative outlook on the ratings reflects significant annual
refinancing requirements and high execution risk, as NuStar is
forging its deleveraging plan.

NuStar Logistics' unsecured notes are rated Ba3, at the level of
the Ba3 CFR, reflecting a debt capital structure that is comprised
of almost all unsecured debt. NuStar Logistics' various unsecured
bonds and its 2020 revolving credit facility are unsecured and pari
passu. NuStar Logistics' subordinated notes and NuStar's preferred
units are rated B2, two notches below the Ba3 CFR, reflecting their
respective contractual and structural subordination to NuStar
Logistics' debt obligations. If the revolver were to become secured
or secured debt was added to the capital structure then the senior
unsecured notes would likely be downgraded.

Moody's expects NuStar's liquidity profile to remain constrained by
weak free cash flow generation, after several years of significant
investment and free cash flow deficits funded by borrowing and by
issuing preferred securities. The SGL-3 rating anticipates that the
company will continue to proactively manage its significant
refinancing needs in 2021-23.

NuStar's principal source of liquidity is its committed $1 billion
revolving credit facility that matures in October 2023. The credit
facility is unsecured, but drawings are subject to a material
adverse change clause. The credit facility has two financial
covenants (debt/EBITDA of no greater than 5.0x and EBITDA/ Interest
of at least 1.75x). Moody's expects NuStar to remain in compliance
with the financial covenants in 2020-21.

Moody's expects that NuStar will proactively manage its significant
annual refinancing needs. In April 2020, the company raised a
3-year term loan to address near term maturities, including $450
million senior notes due in September 2020 and $300 million senior
notes maturing in February 2021. At June 2020, NuStar reported $889
million available for borrowing under its facility. Supporting
NuStar's liquidity profile is its large asset base as well as its
unsecured capital structure and the corresponding flexibility to
sell assets or raise secured financing to raise cash.

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

Considering the large amount of preferred liabilities outstanding,
a deterioration in leverage, with debt/EBITDA exceeding 5.5x or
weaker liquidity may lead to a downgrade of the rating. The Ba3
rating may be upgraded if the company delivers on the growth
potential of its now completed Permian Crude System acquisition and
lays the foundation of the financial framework which will allow it
to maintain sound liquidity and leverage below 4.5x debt/EBITDA, as
well as reduce the financial burden of distributions, including
payments on various preferred units.

NuStar Energy is a sizable and diversified pipeline and storage
company operating a network of oil and refining product pipelines
in the Permian and Eagle Ford basins in Texas, and an interstate
ammonia pipeline connecting production and terminals in Louisiana
with America's corn belt. NuStar also owns and operates large crude
and refining products storage network across the Midwest.

The principal methodology used in these ratings was Midstream
Energy published in December 2018.


ORANGE BLOSSOM CATERING: May Use Cash Collateral Thru Sept. 8
-------------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida, Tampa Division, has approved the
emergency motion filed by Orange Blossom Catering Inc. seeking
authority to use cash collateral. The Debtor is authorized to 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 Debtor's
budget, plus an amount not to exceed 10% for each line item; and
additional amounts as may be expressly approved in writing by
Customers Bank and Fora Financial Advance, LLC.

The Court says each creditor with a security interest in the cash
collateral 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 preliminary hearing on the matter will be held on
September 8, 2020.

A full-text copy of the Court's Interim Order is available for free
at https://bit.ly/3gvcrPq from PacerMonitor.com.

               About Orange Blossom Catering Inc.

Orange Blossom Catering, based in Saint Petersburg, Florida, offers
full-service event planning for personal, community and corporate
functions. It sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 20-06185) on August 14, 2020. At
the time of filing, the Debtor disclosed assets of between $500,000
to $1 million and liabilities of between $1 million to $10 million.
It is represented by Camille J. Iurillo, Esq. and Kevin Hing, Esq.
of The Iurillo Law Group P.A.  The petition was signed by Ryan
Clelland, president.



PATRIOT TRACTOR:  Seeks to Hire Holder Law as Legal Counsel
-----------------------------------------------------------
Patriot Tractor Trailer Sales, LLC seeks authority from the U.S.
Bankruptcy Court for the Northern District of Texas to hire Holder
Law as its legal counsel.

The firm will provide the following services:

     (a) advise Debtor of its powers and duties in the continued
operation of its business and management of its property;

     (b) take all necessary actions to protect and preserve
Debtor's estate, including the prosecution of actions on its
behalf, the defense of any actions commenced against Debtor,
negotiations concerning litigation in which Debtor is involved, and
objections to claims filed against the estate;

     (c) prepare legal papers;

     (d) prepare a disclosure statement and Chapter 11 plan of
reorganization;

     (e) provide legal advice on other matters including, but not
limited to, corporate finance and governance, contracts, antitrust,
labor and tax.

The firm will charge these hourly fees:

     Areya Holder Aurzada     $450
     Associate Attorney       $300
     Paralegals               $150

Holder Law received $16,717 from Debtor prior to its bankruptcy
filing. The firm applied $1,128 from funds received for attorney's
fees and $1,717 for the filing fee.

Areya Holder Aurzada, Esq., at Holder Law, disclosed in a court
filing that the firm and its attorneys are "disinterested" as
defined in Section 101(14) of the Bankruptcy Code.

Holder Law can be reached through:

     Areya Holder Aurzada, Esq.
     Holder Law
     901 Main Street, Suite 5320
     Dallas, TX 75202
     Telephone: (972) 438-8800  
     Email: areya@holderlawpc.com

                About Patriot Tractor Trailer Sales

Patriot Tractor Trailer Sales, LLC, a truck dealer in Texas, filed
its voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 20-32065) on July 31,
2020.  Carlos Moreno, member, signed the petition.  At the time of
the filing, Debtor disclosed $1,754,926 in assets and $3,390,473 in
liabilities.  Judge Michelle V. Larson oversees the case.  Areya
Holder Aurzada, Esq., at Holder Law, represents Debtor as legal
counsel.


PG&E CORP: Power Lines Results to the 2019 California Fire
----------------------------------------------------------
Less than a month after emerging from bankruptcy triggered by a
string of devastating wildfires in 2017 and 2018, PG&E Corp. has
now been found responsible for California's biggest blaze of 2019.

CAL Fire announced mid-July that the Kincade Fire in Sonoma County,
started on October 23, 2019, and burned a total of 77,758 acres,
destroyed 374 structures and caused four non-life threatening
injuries.  CAL FIRE investigators were immediately dispatched to
the Kincade Fire and began working to determine the origin and
cause of the fire.

After a very meticulous and thorough investigation, CAL FIRE has
determined that the Kincade Fire was caused by electrical
transmission lines owned and operated by Pacific Gas and
Electric(PG&E) located northeast of Geyserville. Tinder dry
vegetation and strong winds combined with low humidity and warm
temperatures contributed to extreme rates of fire spread.

The Kincade Fire investigative report has been forwarded to the
Sonoma County District Attorney's Office.

                        PG&E Statement

PG&E issued the following statement in response to the release of
information by the California Department of Forestry and Fire
Protection (CAL FIRE) regarding the October 2019 Kincade Fire:

We appreciate all the heroic efforts of the first responders who
fought the 2019 Kincade Fire, helped local citizens evacuate and
made sure no one perished in the fire.

We are aware of CAL FIRE's news release stating that PG&E
facilities caused the fire. At this time, we do not have access to
CAL FIRE's investigative report or the evidence it has collected.
We look forward to reviewing both at the appropriate time.

We want our customers and communities to know that safety is our
most important responsibility and that we are working hard every
day to reduce wildfire risk throughout our service area.

The Kincade Fire began on October 23, 2019, northeast of
Geyserville in Sonoma County, Calif.  On October 24, 2019, PG&E
filed an Electric Incident Report with the California Public
Utilities Commission (CPUC) related to the Kincade Fire.

                       About PG&E Corp.

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.


PYXUS INTERNATIONAL: Emerges from Chapter 11 Bankruptcy
-------------------------------------------------------
Pyxus International, Inc., a global value-added agricultural
company, announced Aug. 24, 2020, that the Amended Joint
Prepackaged Chapter 11 Plan of Reorganization of Pyxus
International, Inc. and Its Affiliated Debtors (the "Plan")
confirmed by the United States Bankruptcy Court for the District of
Delaware on August 21, 2020 has become effective. As a result,
Pyxus has successfully completed its financial restructuring and
emerged from Chapter 11 with its debt reduced by more than $400
million and maturities extended.  

"Over the last two months, we have been keenly focused on enhancing
the Company's financial flexibility, and the completion of our
financial restructuring process is a significant step forward,"
said Pieter Sikkel, Pyxus' President and CEO. "We are now a
stronger and more competitive company with a foundation that
bolsters our position in targeted markets and enables us to drive
long-term value for all of our stakeholders. I want to thank our
exceptional team at Pyxus for their commitment and continued focus
through this process. We are also grateful for the support of our
vendors, suppliers, customers and partners and we look forward to
working together for years to come."

Under the terms of the Plan, Pyxus has completed a comprehensive
balance sheet restructuring that includes but is not limited to
extending the maturity of its existing first lien debt, eliminating
$635 million in principal amount of existing second lien debt,
while adding a $213 million exit term loan, which replaced the
debtor-in-possession financing incurred in connection with the
Chapter 11 cases, and a $75 million exit asset based revolving
facility. The elimination of the second lien debt and access to new
working capital lines of credit, including foreign credit
facilities, substantially strengthens the Company's balance sheet.

Pursuant to the Plan, in connection with the effectiveness of the
Plan, a series of corporate transactions were completed which
resulted in the Company being a new corporation renamed Pyxus
International, Inc., which through its subsidiaries continues to
operate the Company's businesses, while the corporation formerly
known as Pyxus International, Inc. has changed its name to Old
Holdco, Inc.  Upon the effectiveness of the Plan, all outstanding
shares of Old Holdco, Inc. were cancelled.

The investment in the Company's exit term loan facility is being
led by Glendon Capital Management L.P. and Monarch Alternative
Capital LP. Collectively, Monarch and Glendon will own a majority
of the new equity in the Company.

In accordance with the Plan, the Company's board of directors is
comprised of three members, consisting of Mr. Sikkel, along with
Patrick Fallon, Principal at Monarch, and Holly Kim, Partner at
Glendon.

"We see tremendous opportunity for a delevered Pyxus," said Ms.
Kim. "We are excited to work with the management team going forward
to unlock the Company's full potential."

Simpson Thacher & Bartlett LLP served as legal counsel, and Lazard
and RPA Advisors served as financial advisors to Pyxus.

                   About Pyxus International

Pyxus International Inc. -- http://www.pyxus.com/-- is a global
agricultural company with 145 years of experience delivering
value-added products and services to businesses, customers and
consumers.

Pyxus reported a net loss of $71.17 million for the year ended
March 31, 2019, compared to net income of $51.91 million for the
year ended March 31, 2018. As of March 31, 2019, Pyxus had $1.86
billion in total assets, $1.67 billion in total liabilities, and
$192.02 million in total stockholders' equity.

On June 15, 2020, Pyxus and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
20-11570).  Judge Laurie Selber Silverstein oversees the cases.

The Debtors tapped Simpson Thacher & Bartlett, LLP as general
bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as
Delaware bankruptcy counsel; and Lazard Freres & Co. LLC and RPA
Advisors, LLC as restructuring advisors. Prime Clerk, LLC is
theclaims and noticing agent and administrative advisor.


ROBERT'S SEAFOOD: May Use Cash Collateral Thru Sept. 10
-------------------------------------------------------
Judge Robert A. Colton of the U.S Bankruptcy Court for the Middle
District of Florida, Jacksonville Division, granted the request of
Robert's Seafood and Hot to Go Kitchen Inc. for authority to use
Fairport Asset Management REO LLC's cash collateral. The Debtor was
indebted to Fairport Asset Management in the approximate amount of
$274,356.00. The Debtor's obligation is evidenced by a Promissory
Note, Security Agreement, Financing Statement, and Assignment of
Leases and Rents executed on or about November 27, 2000, pursuant
to which the lender provided funds to the Debtor. The Debtor
contends that without the use of this Cash Collateral, it would not
be able to pay its monthly obligations, which would frustrate any
effort to successfully reorganize under Chapter 11 of the
Bankruptcy Code.

As adequate protection of the lender's interest and the estate's
interest in Cash Collateral, the lender is granted a replacement
lien to the same nature, priority, and extent that the lender may
have had immediately prior to the date that the case was commenced.
Further, the lender is granted a replacement lien and security
interest on property of the bankruptcy estate to the same extent
and priority as that which existed pre-petition on all of the cash
accounts, accounts receivable and other assets and property
acquired by the Debtor’s estate or by the Debtor on or after the
Petition. The Debtor will pay $2,531.12 per month to Fairport Asset
Management starting September 1, 2020, and on the 1st of the month
thereafter or further Order of the Court.

A final cash collateral hearing will be held on September 10,
2020.

A full-text copy of the Interim Order is available for free at
https://bit.ly/3lkpxmp from PacerMonitor.com.

                About Robert's Seafood and
                   Hot to Go Kitchen Inc.

Robert's Seafood and Hot to Go Kitchen Inc. is based in
Jacksonville, Florida. It filed a voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
20-02369) on August 9, 2020. At the time of filing, Debtor
disclosed assets between $100,000 to $500,000 and liabilities
between $500,000 to $1 million. Bryan K. Mickler, Esq., at Mickler
& Mickler is the Debtor's counsel.




ROCHESTER DRUG: Court Junks Novartis and Merck Bids to Lift Stay
----------------------------------------------------------------
In the bankruptcy case captioned In re: Rochester Drug Cooperative,
Inc., Chapter 11, Debtor, Case No. 20-20230-PRW (Bankr. W.D.N.Y.),
Bankruptcy Judge Paul R. Warren denied Novartis Pharmaceuticals
Corp. and Merck & Co., Inc. and affiliates' respective motions to
lift the automatic stay to assert setoff claims in defense of
unrelated antitrust class actions.

The Debtor (individually and as a class representative), together
with other plaintiffs, filed a class action against Novartis and
other defendants alleging antitrust violations in the District
Court for the Southern District of New York long before the Chapter
11 case was filed. Novartis is a pre-petition trade creditor of the
Debtor, owed a debt of approximately $1.2 million. Novartis did not
assert a right of setoff in its answer.

Novartis has moved for relief from the automatic stay to clear the
way for it to then move before the District Court for permission to
amend its answer in the antitrust action. Novartis proposes to
assert a right to setoff in the antitrust action. Simply put,
according to Judge Warren, Novartis seeks to position itself in the
District Court antitrust class action to set off the amount of the
Debtor's trade debt against a potential judgment for antitrust
violations. Novartis does not mention the possible preference claim
the Estate may have against it. And, it would seem that any
judgment in the antitrust class action is a very long way off. At
this point in time, the District Court has not certified the class
under Fed.R.Civ.P. 23. Perhaps, if granted stay relief, Novartis'
end game is to then point to its offset claim as a basis to seek to
disqualify the Debtor from serving as a representative of the
class, Judge Warren says.

The Debtor (individually and as a class representative) also filed
a class action against Merck and other defendants alleging
antitrust violations in the District Court for the Eastern District
of Virginia long before the Chapter 11 case was filed. Merck is a
pre-petition trade creditor of the Debtor owed a debt of
approximately $4.9 million. No right to setoff was included by
Merck in its answer.

Without first obtaining an order lifting the automatic stay, Merck
requested leave of the District Court to amend its answer to assert
a right to setoff. The District Court declined to entertain Merck's
motion to amend, unless and until the automatic stay was lifted by
this Court. Here too, according to Judge Warren, any potential
judgment in the antitrust class action is a very long way off. The
District Court has not yet certified the class under Rule 23. Like
Novartis, Merck may be attempting to position itself to point to a
setoff claim as a basis to then seek to disqualify the Debtor from
serving as a class representative.

Judge Warren also notes Merck seeks to go farther with its stay
relief request -- without specifying the outer limits of its
request. Merck requests that the automatic stay be lifted "to
permit Merck to prosecute all available defenses, including
setoff." Merck offers no insight as to the universe of available
defenses it wishes to prosecute. It's a good bet those defenses go
beyond a simple setoff claim, Judge Warren adds. Merck repeatedly
asserts that the Debtor will suffer no prejudice or harm were this
Court to permit Merck to assert a setoff defense in the antitrust
litigation. And, without offering any analysis, Merck claims that
permitting it to assert a setoff defense in the antitrust class
action will not prejudice the Debtor's other unsecured creditors.
Merck makes no mention of the potential preference claim the Estate
may have against Merck, which may result in the disallowance of its
setoff claim, in whole or in part, under section 502 of the Code.

Both the Debtor and the Committee object to stay relief. While the
objections differ in some respects, the objections of both the
Debtor and Committee agree in two critical respects. First, both
the Debtor and Committee argue that Novartis and Merck have failed
to carry their initial burden to show that cause exists to lift the
stay under 11 U.S.C. section 362(d)(1). Specifically, Novartis and
Merck bear the burden to prove that each has the right to a setoff
claim -- a necessary element of which is mutuality. The Debtor and
Committee both argue that element is not present, so cause has not
been demonstrated under section 362(d)(1).

Second, both the Debtor and Committee argue that the relevant
Sonnax factors set forth in In re Sonnax Indus., Inc., 907 F.2d
1280, 1285 (2d Cir. 1990) weigh against granting stay relief.
Boiled down to its bones, the Debtor and Committee point out that,
while both Novartis and Merck hold sizeable trade payable claims
against the Debtor, the Estate may hold actions for preferential
transfers occurring within 90 days of the petition, in amounts
approximately equal to the trade payables. Were Novartis and Merck
allowed to assert a right to setoff in the antitrust actions, they
would benefit from dollar-for-dollar recoveries on their trade debt
claims, while the other unsecured creditors would (at best) see
only pennies for each dollar of their claims. Further, if a
preference is found to exist under 11 U.S.C. section 547, the
unsecured claims of Novartis and Merck (for which they seek setoff)
may be subject to disallowance under section 502 of the Code.

According to Judge Warren, it is unnecessary to consider the Sonnax
factors unless and until Movants have carried their initial burden
of proof of demonstrating cause to lift the stay. Here, the Movants
charge head-long into an analysis of the Sonnax factors. In doing
so, the Movants fail to acknowledge that, in order to show that
cause exists to lift the stay, the Movants must prove that they
each have mutual claims to setoff in the antitrust class actions.
But, other than presuming that cause exists for purposes of section
362(d)(1), neither Novartis nor Merck make any effort to
demonstrate that mutuality of claims exists. Absent proof of
mutuality of claims, the Movants fail to demonstrate a critical
element necessary to show that cause exists to justify stay
relief.

Here, the Court holds that mutuality of claims is not present. The
setoff each Movant seeks to advance is for a trade debt owed by the
Debtor, in its individual capacity, against a potential recovery by
the Debtor, as a class representative, in the antitrust litigation.
That trade debt is owed to "Novartis Pharmaceuticals Corp." and
"Merck & Co., Inc." respectively. It would appear that the Movants,
individually, are not strictly the same parties as the "Novartis
defendants" and the "Merck defendants" in the antitrust class
actions. The Novartis defendants in the antitrust class action are
Novartis Pharmaceuticals Corporation, Novartis AG and Par
Pharmaceutical, Inc. The Merck defendants in the antitrust class
action are Merck & Co., Inc., Merck Sharp & Dohme Corp.,
Schering-Plough Corp., Schering Corp., MSP Singapore Co. LLC,
Glenmark Pharmaceuticals, Ltd., and Glenmark Generics Inc., USA.
Mutuality of claims is lacking because the trade debt is not owed
between the same parties, in the same right or capacity.

The Movants have failed to carry their burden of proving that
mutuality exists, to support the proposed setoff. Consequently, the
Movants have failed to carry their threshold burden of
demonstrating that cause exists to lift the automatic stay under
section 362(d)(1) of the Code. Having failed to make the required
showing of cause, the motion of each Movant is denied.

A copy of the Court's Decision and Order dated July 24, 2020 is
available at https://bit.ly/31pmYGr from Leagle.com.

               About Rochester Drug Co-Operative

Rochester Drug Cooperative, Inc., is an independently owned New
York cooperative corporation formed in 1905 and incorporated in
1948 with a principal office and place of business located at 50
Jet View Drive, Rochester, New York 14624.  Its principal business
is to warehouse, merchandise, and then distribute, on a
cooperative
basis, drugs, pharmaceutical supplies, medical equipment and other
merchandise commonly sold in drug stores, pharmacies, health and
beauty stores, and durable medical equipment business.  It is a
wholesale regional drug cooperative that operates as both a buying
cooperative and a traditional drug distribution company created
for
the purpose of helping independent pharmacies compete in the
current healthcare environment.

Rochester Drug Cooperative sought Chapter 11 protection (Bankr.
W.D.N.Y. Case No. 20-20230) on March 12, 2020, for the purpose of
winding-down the Debtor's operations and liquidating its assets.

The Debtor was estimated to have $50 million to $100 million in
assets and $100 million to $500 million in liabilities.

The Hon. Paul R. Warren is the case judge.

The Debtor tapped Bond, Schoeneck & King, PLLC, led by Stephen A.
Donato, as counsel and Epiq Corporate Restructuring, LLC as the
claims and noticing agent.


SCIENTIFIC GAMES: Adopts Change in Control Protection Plan
----------------------------------------------------------
Scientific Games Corporation adopted the Scientific Games
Corporation Change in Control Protection Plan covering the
following executive officers of the Company: Barry L. Cottle,
president and chief executive officer; Michael C. Eklund, executive
vice president, chief financial officer, treasurer and corporate
secretary; Patrick J. McHugh, executive vice president and Group
chief executive, lottery; Matthew Wilson, executive vice president
and Group chief executive, gaming; James Sottile, executive vice
president and chief legal officer; and Michael F. Winterscheidt,
senior vice president and chief accounting officer.

The CIC Plan provides that in the event an executive's employment
is terminated by the Company within 18 months following a change in
control without cause or by the executive for good reason (each as
defined in the CIC Plan), the executive would be entitled to cash
severance payments equal to the sum of his base salary and
severance bonus amount, multiplied by two in the case of Messrs.
Cottle and Wilson and one and a half in the case of the other
executives.  An executive's severance bonus amount is equal to the
highest annual incentive compensation paid to him in respect of the
two most recent fiscal years but not more than his target bonus for
the then-current fiscal year, except that, if the executive's
employment agreement would provide for a greater bonus amount for
severance purposes, then his severance bonus amount shall be equal
to such greater amount.  Upon such a termination, executives would
also receive a pro rated bonus for the year of termination, based
on actual performance, continued medical coverage for the length of
the severance period and accelerated vesting of all equity awards
granted by the Company or SciPlay Corporation, with the level of
achievement of any performance-based vesting criteria determined by
the Compensation Committee of the Board of Directors of the Company
or SciPlay, as applicable.  For purposes of the CIC Plan, "change
in control" is generally defined as a third-party, excluding
MacAndrews & Forbes Incorporated and its affiliates, acquiring at
least 30% of the Company's common stock.
The foregoing payments and benefits are conditioned on the
executive's execution and non-revocation of a release of claims in
favor of the Company and continuing compliance with any applicable
restrictive covenants, including confidentiality, non-competition
and non-solicitation covenants.  The CIC Plan also contains a "best
net cutback" provision in the event any payments or benefits to an
executive would be subject to the excise tax imposed by Section
4999 of the Internal Revenue Code of 1986, as amended.

                     About Scientific Games

Based in Las Vegas, Nevada, Scientific Games Corporation
(NASDAQ:SGMS) -- http://www.scientificgames.com/-- is a developer
of technology-based products and services and associated content
for the worldwide gaming, lottery, social and digital gaming
industries.  Its portfolio of revenue-generating activities
primarily includes supplying gaming machines and game content,
casino-management systems and table game products and services to
licensed gaming entities; providing instant and draw-based lottery
products, lottery systems and lottery content and services to
lottery operators; providing social casino solutions to retail
consumers and regulated gaming entities, as applicable; and
providing a comprehensive suite of digital RMG and sports wagering
solutions, distribution platforms, content, products and services.


Scientific Games reported a net loss of $118 million for the year
ended Dec. 31, 2019, compared to a net loss of $352 million for the
year ended Dec. 31, 2018.  As of June 30, 2020, the Company had
$7.84 billion in total assets, $10.32 billion in total liabilities,
and a total stockholders' deficit of $2.48 million.


SK BLUE: Fitch Affirms 'B' LongTerm IDRs, Outlook Negative
----------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings
(IDRs) of SK Blue Holdings, LP and its issuing subsidiary, Polar
U.S. Borrower, LLC, at 'B'. Fitch has also affirmed the long-term,
senior first-lien secured ratings at 'BB-'/'RR2'. The Rating
Outlook is revised to Negative from Stable.

The 'B' rating reflects the company's diverse mix of intermediate
and additive products, broad range of customers within various
end-markets and synergy capture related the SI Group acquisition,
partially offset by modest cyclicality and an elevated leverage
profile related to the SI Group acquisition. Though most of the
company's segments - particularly rubber and adhesives, and fuel
and lubes, given their exposure to autos - have been materially
impacted by the coronavirus pandemic, management has been proactive
taking steps managing risks and bolstering liquidity, with the
company operating at or near an all-time high in liquidity and no
significant maturities until 2025.

The Negative Outlook reflects Fitch's expectation that the
company's financial risk profile will remain heightened for an
extended period due to the impact of coronavirus pandemic on
vehicle use, and as a result, the rate at which the company can use
FCF to repay debt. Additionally, the cancellation of the Industrial
Resins segment's sale to ASK Chemicals, the proceeds from would
have been used to accelerate deleveraging, will result in total
debt with equity credit/operating EBITDA of greater than 5.5x in
the near-term, which is high for the 'B' rating category. A
combination of continued synergies, capture and debt repayment
through a combination of FCF and asset sales such that leverage
trends toward 5.5x by 2022 could stabilize the Outlook.

KEY RATING DRIVERS

Impact from Coronavirus Pandemic: SK Blue's products' end uses in
fuel, lubricants and rubber leave the company relatively exposed to
large-scale changes in vehicle use. The onset of the coronavirus
pandemic saw a sharp decline in both volumes and price -
particularly in Asia, where the company faced a less favorable
pricing environment. The company's pharma business has served as a
bright spot throughout the pandemic, with solid demand for
ibuprofen and rising demand for propofol, which is used in
intubation. Fitch believes that to the extent that vehicle miles
driven return to historical levels, the company's operations will
normalize.

Ongoing Integration and Centralization: Prior to its acquisition by
SK Blue, SI Group's facilities followed an affiliate model, with
each subsidiary as its own profit center and with its own staff.
The combined company is reviewing its facilities for redundancies,
having already shut down its Songjiang facility with several others
under review. Additionally, a more disciplined capex process has
resulted in slower spending and a lower go-forward maintenance
capex. Fitch believes that the ongoing optimization of the
company's manufacturing footprint is achievable, and will
materially benefit cash generation. Fitch notes that the
integration and synergy capture of SI Group is well ahead of
target, with material EBITDA benefit related to cost synergies
through 1Q20.

Solid Core Additives Position: Backward integration into
intermediate chemistry provides an advantaged cost structure for
the company's additive products. SK Blue is unique in its ability
to switch capacity to other products within its portfolio in
response to tightness or weakness across markets. In conjunction
with the company's increasing centralization of its facilities,
Fitch believes that utilization rates will rise over the
medium-term, resulting in modest margin tailwinds.

Industrial Resins Divestiture Called Off: On April 3, 2020, the
company announced the termination of its agreement to sell its
Industrial Resins business to ASK Chemicals. Fitch believes that a
sale of the company still makes strategic sense, since the
Industrial Resins business is the company's lowest margin segment,
and Fitch views the segment as noncore to SK Blue's operations. The
proceeds from the sale would likely have been used to accelerate
deleveraging, and Fitch believes that should a similar deal be
reached in the future, the proceeds from the sale would likely go
toward debt repayment. Management intends to operate the Industrial
Resins business independently in the meantime, and Fitch believes
that the business is likely to be sold once its potential buyers
have financial flexibility.

DERIVATION SUMMARY

Compared to other chemical peers in the 'B' category, SK Blue
Holdings LP has relatively high gross leverage. Typically, the
greater degree to which a chemical manufacturer's products are
specialized or otherwise defensible, the greater amount of debt the
firm can support at the same rating level. Kronos Worldwide
(B+/Negative) operates with total debt with equity credit/operating
EBITDA of under 2.0x, but its titanium dioxide (TiO2) offerings'
price is highly volatile, leaving the company exposed to large
swings in leverage and volatile cash flows. In contrast, SK
Invictus Intermediate II S.a.r.l. (B+/Negative), which operates at
a similar level of leverage as SK Blue, but has a higher rating,
enjoys a number one market position in both of its segments,
including its fire safety retardants segment, which acts as the
sole supplier of fire retardants to the U.S. government, among
other governmental entities. The relative insulation from
competition yields more stable cash flows, allowing SK Invictus to
operate with higher leverage than these peers. SK Blue's business
and cash flow risk profiles are towards the middle of these peers,
with moderately diverse offerings in the additives space,
fragmented competition, and a modest (but improving) cost
advantage.

KEY ASSUMPTIONS

  -- Vehicle usage roughly at historical levels by mid-2021;
  -- Organic revenue growth thereafter in low to mid-single digits,
driven primarily by volumes;

  -- Industrial Resins sold in FY 2022;

  -- Initial margin expansion driven by continued realization of
cost synergies already recognized as of 1Q20 and jumping during the
forecast's 2022 industrial resins divestiture - rising utilization
rates aid margin expansion thereafter;

  -- TL amortization completed as anticipated with some prepayments
related to the ECF sweep;

  -- Capital deployment primarily toward organic growth.

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes that SK Blue would be reorganized as
a going-concern in bankruptcy rather than liquidated. Fitch has
assumed a 10% administrative claim.

SK Blue's GC EBITDA assumption is based on YE 2019 EBITDA. The
going-concern EBITDA estimate reflects Fitch's view of a
sustainable, post-reorganization EBITDA level upon which the
valuation of the company is based. The going-concern EBITDA depicts
a scenario in which severe volume headwinds in the Rubber and
Adhesives business, and weak growth in other segments due to slower
macroeconomic activity, potentially due to residual softness from
the coronavirus pandemic, leads to a severe drop in both EBITDA and
cash generation. The assumption also reflects corrective measures
taken in the reorganization to offset the adverse conditions that
triggered default such as cost cutting efforts and industry
recovery.

An EV multiple of 6.0x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value. The multiple is
comparable to the range of historical bankruptcy case study exit
multiples for peer companies, which ranged from 5.2x-7.7x and a
median of 5.9x. Bankruptcies in this space related either to
litigation or to deep cyclical troughs. The revolving credit
facility is assumed to be drawn at 80%. Fitch's recovery
assumptions result in a recovery rating for the senior secured debt
within the 'RR2' range and results in a 'BB-' rating.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to a
Stabilization of the Rating Outlook

  -- Continued cost synergy capture and successful ERP rollout
and/or timely divestiture of the Industrial Resins business,
resulting in total debt with equity credit/operating EBITDA between
4.5x and 5.5x.

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

  -- Continued cost synergy capture and successful ERP rollout,
timely divestiture of the Industrial Resins business and
greater-than-anticipated application of FCF to debt repayment,
resulting in total debt with equity credit/operating EBITDA durably
below 4.5x;

  -- FFO Fixed Charge Coverage durably above 2.5;

  -- Consistently positive FCF generation.

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

  -- Unsuccessful integration of SI Group and ERP teething issues,
leading to an inability to realize a substantial portion of
projected synergies and total debt with equity credit/operating
EBITDA durably above 5.5x;

  -- FFO Fixed Charge Coverage durably below 2.0.

LIQUIDITY AND DEBT STRUCTURE

Solid Liquidity: SK Blue has access to a $250 million revolving
credit facility and a moderate cash balance. In the onset of the
coronavirus pandemic, the company aggressively targeted working
capital reduction in an effort to bolster liquidity. As a result,
the company's liquidity is now near an all-time high, with
liquidity of greater than $350 million. However, the first-lien
revolver has a springing maximum net leverage ratio of 7.1x in
effect when greater than 35% of the revolver is drawn, effectively
limiting the revolver's availability to $87.5 million during
periods where the company would have net leverage in excess of
7.1x. Fitch believes that this level of liquidity is still more
than sufficient to run the business with sufficient cushion to
absorb modest disruptions. Though the company will likely give some
of the working capital back as volumes and operations normalize,
Fitch believes that the revolver will remain mostly undrawn
throughout the forecast horizon. Term loan amortization is modest
at approximately $14.6 million per year, with no significant
maturities until 2025. The company's revolver matures in 2023.

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).


SUPERIOR AMERIHOST: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Superior Amerihost Hotel, LLC
        29291 Amerihost Dr.
        Dowagiac, MI 49047

Business Description: Superior Amerihost Hotel, LLC is a Single
                      Asset Real Estate debtor (as defined in
                      11 U.S.C. Section 101(51B)).

Chapter 11 Petition Date: August 26, 2020

Court: United States Bankruptcy Court
       Western District of Michigan

Case No.: 20-02762

Judge: Hon. John T. Gregg

Debtor's Counsel: Stuart Sandweiss, Esq.
                  METRO DETROIT BANKRUPTCY LAW GROUP
                  18481 West Ten Mile Road Suite 100
                  Southfield, MI 48075
                  Tel: 248-559-2400
                  E-mail: stuart@metrodetroitbankruptcylaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Edom Lyatuu, member/manager.

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/BLLJSUA/Superior_Amerihost_Hotel_LLC__miwbke-20-02762__0001.0.pdf?mcid=tGE4TAMA



TEEWINOT LIFE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Teewinot Life Sciences Corporation
        12005 Whitmarsh Lane
        Tampa, FL 33626

Business Description: Teewinot Life Sciences Corporation
                      operates as a biotechnology pharmaceutical
                      company focused on the biosynthetic
                      production of pure pharmaceutical grade
                      cannabinoids.

Chapter 11 Petition Date: August 27, 2020

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 20-06489

Debtor's Counsel: Daniel R. Fogarty, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 E. Madison St., Suite 200
                  Tampa, FL 33602
                  Tel: 813-229-0144
                  Email: dfogarty@srbp.com

Total Assets: $25,993,546

Total Liabilities: $13,671,110

The petition was signed by Scott Foss-Kilburn, chief restructuring
officer.

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

https://www.pacermonitor.com/view/LBCHSSY/Teewinot_Life_Sciences_Corporation__flmbke-20-06489__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Queens Court Venture                                 $2,057,854
Partners V, LLC
515 Madison Ave., 29th Floor
New York, NY 10012

2. Queens Court Venture                                 $1,980,099
Partners V, LLC
515 Madison Ave., 29th Floor
New York, NY 10012

3. Schwegman, Lundberg &                                  $141,472
Woessner, P.A.
1600 TCF Tower
121 South Eighth St.
Minneapolis, MN 55402

4. Chase Bank                                              $65,924
383 Madison Ave.
New York, NY 10179

5. Technology for Science LLC                              $56,471
13522 Broadfield Dr.
Potomac, MD 20854

6. Honigman                                                $50,795
650 Trade Centre Way. #200
Kalamazoo, MI 49002

7. LeapChem                                                $48,050
Zhongtian Mansion
Yugu Road, Hangzhou
China

8. Sichenzia Ross                                          $46,788
Ference Kesner LLP
1185 Avenue of Americas
37th Floor
New York, NY 10036

9. LifeSci Advisors                                        $43,692
250 West 55th St. 34th Floor
New York, NY 10019

10. Total CFO                                              $42,400
20711 Sterlington Dr.
Land O Lakes, FL 34638

11. Eversheds                                              $36,914
One Earlsfort Centre
Earlsfort Terrace
Dublin 2 Ireland

12. Bokas Consulting                                       $35,775
1315 Algonac Ave.
Ann Arbor, MI 4810

13. LifeSci Public Relations                               $31,391
250 West 55th Street.
34th Floor
New York, NY 10019

14. RTI International                                      $27,062
P.O. Box 900002
Raleigh, NC 27675-9000

15. Venable                                                $22,573
PO Box 62727
Baltimore, MD 21264

16. Chemical Abstracts Service                             $17,144
L-3000
Columbus, OH 43260

17. Scalar                                                 $16,000
PO Box 1031
Draper, UT 84020

18. H+K Strategies                                         $15,900
160 Bloor Street East. Suite 800
Toronto, ON M4W 3P7
Canada

19. Eurofins                                               $14,413
15 Research Park Dr.
St. Charles, MO 63304

20. State of Delaware                                      $14,183
Division of Corporations
P.O. Box 898
Dover, DE 19903


VERITY HEALTH: Gets Calif. Atty. General’s Nod to Sell St. Francis
--------------------------------------------------------------------
Tiffany Stecker, writing for Bloomberg Law, reports that the
California Attorney General Xavier Becerra offered his tentative
approval for the $350 million sale of a Los Angeles-area nonprofit
hospital.

In a letter, Becerra (D) outlined conditions for the sale of St.
Francis Medical Center, a Lynwood, Calif., medical facility owned
by Verity Health System, to Ontario, Calif.-based Prime Healthcare
Services.

"The Covid-19 public health crisis has brought home the importance
of having access to lifesaving hospital care nearby in our
communities," Becerra said Friday in a news release.

                  About Verity Health Systems

Verity Health System -- https://www.verity.org/ -- operates as a
non-profit health care system in the state of California, with
approximately 1,680 inpatient beds, six active emergency rooms, a
trauma center, and a host of medical specialties, including
tertiary and quaternary care. Verity's two Southern California
hospitals are St. Francis Medical Center in Lynwood and St. Vincent
Medical Center in Los Angeles. In Northern California, O'Connor
Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton
Medical Center in Daly City and Seton Coastside in Moss Beach are
part of Verity Health.  Verity Health also includes Verity Medical
Foundation.  

With more than 100 primary care and specialty physicians, VMF
offers medical, surgical and related healthcare services for people
of all ages at community-based, multi-specialty clinics
conveniently located in areas served by the Verity hospitals.
Verity Health System was created in a transaction approved by
California Attorney General Kamala Harris and completed in December
2015.

Verity Health System of California, Inc., and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Lead Case No. 18-20151) on Aug. 31, 2018.  In the petition
signed by CEO Richard Adcock, Verity Health was estimated to have
assets of $500 million to $1 billion and liabilities of $500
million to $1 billion.  

Judge Ernest M. Robles oversees the cases.

The Debtors tapped Dentons US LLP as their bankruptcy counsel;
Berkeley Research Group, LLC, as financial advisor; Cain Brothers
as investment banker; and Kurtzman Carson Consultants as claims
agent.

The official committee of unsecured creditors formed in the case
retained Milbank, Tweed, Hadley & McCloy LLP as counsel.


WABASH NATIONAL: Moody's Lowers CFR to B1 & Unsec. Rating to B3
---------------------------------------------------------------
Moody's Investors Service downgraded the ratings of Wabash National
Corporation, including the corporate family rating to B1 from Ba3
and probability of default rating to B1-PD from Ba3-PD, the senior
secured debt to Ba3 from Ba2 and senior unsecured to B3 from B1.
Moody's also changed the speculative grade liquidity rating to
SGL-2 from SGL-1. The outlook remains stable.

The downgrades reflect Moody's expectation of meaningful downwards
pressure on revenue and earnings likely into 2021, amid
deteriorating end market fundamentals and weak macro conditions,
heightened by the coronavirus outbreak. These factors are likely to
sustain Wabash's financial leverage at an elevated level over the
next year, with weakening credit metrics amid an uncertain
environment. Moody's notes that fundamental changes in the
company's business led Wabash to record a significant impairment
charge this year. Moody's views the pandemic as a social risk given
its implications for public health and safety.

RATINGS RATIONALE

The ratings, including the B1 CFR, reflect Wabash's exposure to the
volatility of the truck trailer industry and transportation cycle.
The company faces weakening demand for its core heavy duty trailers
(mainly Class 8), which comprise the substantial portion of
revenue, amid the sharp cyclical drop in truck production
accelerated by the coronavirus crisis. These conditions will weigh
on revenue and earnings, and negatively impact Wabash's credit
metrics into 2021. Debt/EBITDA (after Moody's standard adjustments)
is likely to exceed 4x over the next year, a high level for
Wabash's business risk. Operating margins also will likely trend
towards the low-to mid-single digit range (including Moody's
standard adjustments) from about mid-to-high single digit levels
over the past year.

Moody's notes the final mile products business (FMP), about 17% of
revenue for the last twelve months ended June 2020, has also
declined meaningfully amid weak demand for its truck bodies (mainly
Classes 2-5). This is despite positive growth trends in e-commerce
and home delivery. FMP is exposed to small and medium-sized end
customers, which are more vulnerable in a recession. FMP is also
susceptible to supply chain disruptions in chassis availability,
following recent supplier plant closures driven by the pandemic and
its lingering uncertainty.

Wabash is a leader in the truck trailer manufacturing industry. The
company's backlog of about $750 million (as of June 30, 2020)
provides some revenue visibility, albeit down from about $1 billion
in March 2020. However, backlog orders may be subject to delay or
cancellation. Wabash has undertaken cost-cutting measures to help
offset the earnings headwinds and coronavirus impacts, including
headcount reductions. It has also managed working capital and
reduced capital expenditures to preserve cash generation. The
company should benefit from ongoing productivity and operational
initiatives that could provide savings of at least $20 million over
the next year. These factors, along with the company's recognized
brand and Moody's expectation of good liquidity, support the
ratings.

Wabash's liquidity profile is good, as denoted by the SGL-2 rating.
Liquidity is supported by Moody's expectation of healthy cash
balances (above $150 million in 2020 and over $120 million in 2021)
and an undrawn $175 million ABL revolver, balanced by weak cash
flow on low earnings over the next year. Moody's expects free cash
flow to moderate in 2020, with free cash flow to debt (including
Moody's standard adjustments) falling towards the mid-single digit
range from the low teens. Free cash flow likely will turn negative
in 2021 as working capital needs and capex ramp up with a gradual
pick-up in demand and economic recovery.

The stable outlook reflects Moody's expectation of the good
liquidity profile to anchor operations amid weak fundamentals in
the company's trailer and truck body markets with uncertainty as to
a sustainable meaningful recovery in demand.

From a corporate governance perspective, Wabash is publicly-traded
with a primarily independent board of directors. Wabash pays a
dividend and actively repurchase shares although this is
temporarily suspended following the onset of the coronavirus and
weakening demand. Given the company's business risk and modest
margin profile, progress towards a lower level of financial
leverage would strengthen its flexibility to contend with severe
down cycles or sudden declines in demand. Moody's notes that
despite efforts to diversify the business, the majority of products
still relate to truck trailers.

The Ba3 senior secured debt rating, at one notch above the CFR,
reflects the priority afforded to the secured debt holders relative
to other liability claims. The secured rating also reflects the
comparatively low amount of secured debt as a portion of overall
claims under a reorganization scenario. The senior unsecured debt
at B3, now two notches below the CFR, considers the lowered
expected recovery of the large senior unsecured class, which is in
a first loss position.

Moody's took the following actions:

Downgrades:

Issuer: Wabash National Corporation

Corporate Family Rating, Downgraded to B1 from Ba3

Probability of Default Rating, Downgraded to B1-PD from Ba3-PD

Speculative Grade Liquidity Rating, Downgraded to SGL-2 from SGL-1

Senior Secured Bank Credit Facility, Downgraded to Ba3 (LGD3) from
Ba2 (LGD3)

GTD Senior Unsecured Notes, Downgraded to B3 (LGD5) from B1 (LGD5)

Outlook Actions:

Issuer: Wabash National Corporation

Outlook, Remains Stable

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

A ratings upgrade is unlikely at least until trailer demand
sustainably improves along with business conditions and the broader
macroeconomic environment. Over time, the ratings could be upgraded
with the maintenance of very good liquidity and stronger credit
metrics, such that debt/EBITDA is expected to remain below 3x,
adjusted operating margins sustained at high single digit levels
and retained cash flow/debt above 20%. This would be accompanied by
successful execution of the company's diversification strategy,
with a business profile that is able to withstand severe cyclical
downturns in trailer demand.

The ratings could be downgraded with expectations of deteriorating
liquidity, including sustained negative free cash flow or a
reliance on revolver borrowings to fund internal cash needs. The
ratings could also be downgraded with a lack of progress in
meaningfully reducing leverage, such that debt/EBITDA is expected
to remain above 4x, or with EBITA/interest sustained below 2.5x.
The secured debt rating could also be lowered if the company adds a
meaningful amount of secured debt and reduces the unsecured claims
such that the relative recovery levels for the secured debt would
be reduced. Shareholder-friendly actions that increase leverage or
weaken liquidity would also drive downward ratings momentum.

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

Wabash National Corporation, based in Lafayette, Indiana, is a
leading designer and manufacturer of truck and tank trailers, as
well as related transportation equipment. The company also
manufactures truck bodies. Revenues were approximately $1.9 billion
for the last twelve months ended June 30, 2020.


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

    Debtor                                       Case No.
    ------                                       --------
    Wade Park Land Holdings, LLC                 20-11192
    45 Ansley Drive
    Newnan, GA 30263

    Wade Park Land, LLC                          20-11193
    45 Ansley Drive
    Newnan, GA 30263

Business Description:  Wade Park Land Holdings is the owner of
                       50 acres, more or less, comprised of
                       lots 1,2,3 and 4R, Block A of Wade Park,
                       Block A, Lots 1,2,3, 4R and 5R, an addition
                       to the City of Frisco, according to the
                       plat recorded in Volume 2015, Page 631 of
                       the Plat Records of Collin County, Texas.

Chapter 11 Petition Date: August 26, 2020

Court: United States Bankruptcy Court
       Northern District of Georgia

Debtors' Counsel: David L. Bury, Jr., Esq.
                  STONE & BAXTER, LLP
                  577 Mulberry Street, Suite 800
                  Macon, GA 31201
                  Tel: 478-750-9898
                  E-mail: dbury@stoneandbaxter.com

Wade Park Land Holdings'
Estimated Assets: $100 million to $500 million

Wade Park Land Holdings'
Estimated Liabilities: $100 million to $500 million

Wade Park Land's
Estimated Assets: $100 million to $500 million

Wade Park Land's
Estimated Liabilities: $50 million to $100 million

The petitions were signed by Stanley E. Thomas, authorized
signatory.

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

https://www.pacermonitor.com/view/GNC7LQA/Wade_Park_Land_Holdings_LLC__ganbke-20-11192__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/LHETAQQ/Wade_Park_Land_LLC__ganbke-20-11193__0001.0.pdf?mcid=tGE4TAMA

A. List of Wade Park Land Holdings' 20 Largest Unsecured Creditors:


   Entity                           Nature of Claim   Claim Amount
   ------                           ---------------   ------------
1. Alliant Insurance Services, Inc.  Trade Payable      $2,154,286
701 B Street, 6th Floor
San Diego, CA 92101

2. Andres Construction               Trade Payable        $432,703
Services, LLC
3710 Rawlins, Suite 1510
Dallas, TX 75219

3. B2 and Company                    Trade Payable        $214,830
Exponential
5379 Old Ranch Road
Park City, UT 84098

4. Bristol Development Group, LLC    Trade Payable        $514,474
381 Mallory Station Road,
Suite 204
Franklin, TN 37067

5. Capform, Inc.                     Trade Payable        $300,000
1455 Halsey Way
Carrollton, TX 75007

6. CB Richard Ellis, Inc.            Trade Payable        $514,419
P.O. Box 406588
Location Code 2281
Atlanta, GA 30384-6588

7. City of Frisco, Texas             Trade Payable      $3,528,679
6101 Frisco Square Blvd.
3rd Floor
Frisco, TX 75034

8. Falcon Realty Advisors, LLC       Trade Payable        $385,000
16000 N. Dallas
Parkway, Suite 225
Dallas, TX 75248

9. First Insurance Funding Corp.     Trade Payable        $458,773
450 Skokie Blvd., Suite 1000
Northbrook, IL 60062-7917

10. Hillcrest Realty                 Trade Payable        $300,000
Advisors, Inc.
2170 Lakeshore Drive
Agoura Hills, CA 91301

11. John D. Phillips                 Trade Payable      $4,828,160
4230 Glen Devon Drive
Atlanta, GA 30327

12. Keaton Interiors, Inc.           Trade Payable        $114,865
4444 Spring Valley Road
Dallas, TX 75244

13. Kimley-Horn and Associates, Inc. Trade Payable        $128,922
P.O. Box 951640
Dallas, TX 75395-1640

14. Plat Form Real Estate            Trade Payable        $873,156
2501 Jarratt Avenue
Austin, TX 78703

15. SWA Group                        Trade Payable        $113,802
P.O. Box 5904
Sausalito, CA 9496

16. The Greeby Companies, Inc.       Trade Payable        $157,141
611 Rockland Road,
Suite 106
Lake Bluff, IL 60044

17. The McDevitt Company             Trade Payable        $148,070
1121 Admiral Peary Way
Philadelphia, PA 19112

18. Venture Commercial               Trade Payable        $113,093
Real Estate, LLC
8235 Douglas Avenue,
Suite 720
Dallas, TX 75225

19. Wade Park Finance Company A1       Financing        $4,750,000
c/o NYSA Capital
3424 Peachtree Road NE - Suite 1150
Atlanta, GA 30326

20. Wakefield Beasley & Associates   Trade Payable      $2,930,638
5200 Avalon Boulevard
Alpharetta, GA 30009

B. List of Wade Park Land, LLC's 11 Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount
   ------                           ---------------   ------------

1. 5G Studios                        Trade Payable         $98,620
800 Jackson Street
Suite 500
Dallas, TX 75202

2. CB Richard Ellis, Inc.            Trade Payable         $42,525
P.O. Box 406588
Location Code 2281
Atlanta, GA 30384

3. Madden Realty Services, LLC       Trade Payable         $30,240
5914 Brookhill Lane
Frisco, TX 75034

4. Mason Retail Group                Trade Payable         $75,000
1720 Lancaster Street
Baltimore, MD 21231

5. Paul Deusing Partners             Trade Payable         $13,083
2600 Fairmount Street, Bernward
HouseDallas, TX 75201

6. Plat Form Real Estate             Trade Payable         $68,274
2501 Jarrett Avenue
Austin, TX 78703

7. Stack Realty, LLC                 Trade Payable        $190,000
3270 Sul Ross
Houston, TX 77098

8. Thannisch Development             Trade Payable        $15,000
Services, Inc.
445 Cherokee Hill
Canton, GA 30115

9. The Strategic Edge                Trade Payable         $30,336
1899 Orchard Lake Road,
Suite 105
Keego Harbor, MI 48320

10. Universal City                   Trade Payable        $600,000
Management III, LLC
45 Ansley Drive
Newnan, GA 30263

11. Z Resorts Management, LLC        Trade Payable        $193,100
5701 Main Street
Houston, TX 77005


WEINSTEIN CO: Fees to Harvey, D&O Lawyers Doom Settlement
---------------------------------------------------------
The case captioned LOUISETTE GEISS, et al., Plaintiffs, v. THE
WEINSTEIN COMPANY HOLDINGS LLC, et al., Defendants, No. 17 Cv. 9554
(AKH)(S.D.N.Y.) was brought by victims of Harvey Weinstein's
alleged sexual misconduct, and on behalf of a class they seek to
represent. Nine of the Plaintiffs moved for preliminary approval of
a settlement that would settle all class claims from a fund created
by insurers in a parallel bankruptcy proceeding involving
Weinstein's companies. Upon review, District Judge Alvin K.
Hellerstein denies preliminary approval of the settlement.

Harvey Weinstein, a powerful force in the entertainment production
industry, with his brother, Robert Weinstein, founded Miramax Film
NY LLC in the late 1970s, sold Miramax to Disney in 1993 but
remained in charge.  They later departed for their new production
company, The Weinstein Company Holdings, LLC, on Sept. 30, 2005.
Throughout, Plaintiffs allege, Weinstein used his power in the
industry to sexually harass and assault them. Weinstein set up
meetings with his victims under the guise of hiring them, making
business deals, or networking. Then, he allegedly isolated them,
often in hotel rooms, offices, or other private spaces, and engaged
in unwanted flashing, groping, fondling, harassment, battering,
false imprisonment, sexual assault, attempted rape, and/or rape,
and threatened or blacklisted his victims if they opposed his
advances or disclosed them to others. Plaintiffs allege that people
associated with Miramax, Disney, and TWC knew about Weinstein's
misconduct, facilitated it, enabled it, and covered it up. The
companies' officers, directors, and employees allegedly procured
women who aspired to be actresses, producers, or directors in the
motion picture industry, lured them to hotel rooms, approved
Weinstein's expenses for hotel rooms, and approved large settlement
payments and legal fees to procure women's silence and cover up
Weinstein's behavior. After a New York Times expose in 2017, scores
of women began to come forward and allege claims against him, his
companies, and their officers and directors. Weinstein was fired
from TWC's Board. In 2018, TWC and its affiliates filed for Chapter
11 bankruptcy.

Plaintiffs filed this action on Dec. 6, 2017 on behalf of two
groups:

     1) Plaintiffs Katherine Kendall, Nannette Klatt, Caitlin
Dulany, Zoe Brock, Larissa Gomes, and Melissa Sagemille (the
"Miramax Plaintiffs") sue on behalf of victims of Weinstein while
Weinstein was associated with Miramax and Disney (i.e., before
Sept. 30, 2005), and

     2) Plaintiffs Louisette Geiss, Sarah Ann Thomas, and Melissa
Thompson (the "TWC Plaintiffs") sue on behalf of victims of
Weinstein while Weinstein was associated with TWC (i.e., after
Sept. 30, 2005).

Plaintiffs sue Harvey and Robert Weinstein; TWC; Miramax; Disney
and Disney affiliates; and certain officers and directors of the
companies.

Judge Hellerstein dismissed Plaintiffs' initial complaint with
leave to amend. Plaintiffs then filed the operative complaint, the
First Amended Complaint. The First Amended Complaint includes
federal claims pursuant to the Trafficking Victims Protection Act
("TVPA") and Racketeer Influenced and Corrupt Organizations Act
("RICO"), and state claims for negligent supervision and retention,
battery, assault, false imprisonment, intentional infliction of
emotional distress, negligent infliction of emotional distress, and
ratification. Defendants again moved to dismiss all claims.

By an order and opinion of April 17, 2019, Judge Hellerstein
dismissed all Defendants except Harvey Weinstein, and all claims
except Count I, the TVPA claim brought by the TWC Plaintiffs
against Weinstein. Judge Hellerstein held that the TWC Plaintiffs
plausibly alleged that Weinstein violated 18 U.S.C. section
1591(a)(1), which applies to anyone who "in or affecting interstate
or foreign commerce . . . recruits, entices, harbors, transports,
provides, obtains, advertises, maintains, patronizes, or solicits
by any means a person[,]" "knowing, or, . . . in reckless disregard
of the fact, that means of force, threats of force, fraud, coercion
. . ., or any combination of such means will be used to cause the
person to engage in a commercial sex act." Judge Hellerstein held
that Weinstein's sexual assaults could be "commercial sex act[s],"
and that "the TVPA extends to enticement of victims by means of
fraudulent promises of career advancement, for the purpose of
engaging them in . . . non-consensual sexual activity."

Judge Hellerstein dismissed all other claims of the TWC Plaintiffs,
all claims of the Miramax Plaintiffs, and all Defendants other than
Harvey Weinstein. Only the TVPA claim against Harvey Weinstein
survives.

The proposed class action settlement is paired with a proposed
settlement of the bankruptcy proceedings initiated by TWC and its
affiliates. In the bankruptcy proceedings, the insurers of the
bankrupt TWC propose to create a fund of $46,786,000. Of that
fund:

     * $5,400,000 are allocated to settlements for individual
plaintiffs who have pending sexual abuse lawsuits and who are bound
by a separate settlement agreement,

     * $7,295,000 are allocated to payment of claims unrelated to
Weinstein's alleged sexual misconduct toward women,

     * $12,216,000 are allocated to defense costs for TWC's
officers and directors (including the Weinstein Brothers),

     * $1,500,000 are allocated to defense costs for just the
Weinstein Brothers,

     * $1,500,000 are allocated to defense costs for TWC officers
and directors in contract and commercial cases, and

     * $18,875,000 are allocated to the proposed class action
settlement.

This last amount, $18,875,000, is allocated for the administrative
expenses associated with the settlement, taxes, attorneys' fees and
costs, any service award approved by the court for representatives
of the class, and distributions to claimants. The Settlement
Agreement provides that Plaintiffs' counsel may seek an award up to
25% of the settlement fund, or $4,718,750, plus expenses. The
Settlement Agreement provides for releases by class members of
their claims against the Weinstein Brothers, their companies, and
the officers and directors of their companies. Individual
plaintiffs who have sued Harvey Weinstein in separate suits or have
settled with him and other Defendants are excluded from the
settlement class.

According to Judge Hellerstein, he must consider whether he is
likely to find that the settlement is "fair, reasonable, and
adequate" in light of the factors enumerated in Rule 23(e)(2) and
City of Detroit v. Grinnell Corp., 495 F.2d 448 (2d Cir. 1974).

Numerous factors weigh against approval, the Judge said. For
example, in assessing the adequacy of the relief, Judge Hellerstein
says he must consider "the effectiveness of any proposed method of
distributing relief to the class, including the method of
processing class-member claims." Here, critical considerations as
to the availability and scope of recovery are delegated to a
non-judicial officer, the Special Master, with insufficient
guidelines tested by adversarial process and pre-trial discovery.
Even if the Special Master had authority to make these decisions,
the underdeveloped guidelines are likely to lead to arbitrary
awards for claimants.

The Bankruptcy Agreement proposes major deductions from the amounts
that otherwise would be available to claimants: $13,716,000 to
defray the litigation costs of the TWC officers and directors, and
$1,500,000 to defray the litigation costs of the Weinstein
Brothers. At the preliminary approval hearing, Judge Hellerstein
observed that favoring these groups at the expense of the people
suffering sexual abuse by Harvey Weinstein was "obnoxious."  Judge
Hellerstein says he continues to hold to that view. Furthermore, he
cannot fully assess the numerous factors related to the size of the
potential awards because the proposed class is too indefinite, and
the parties' proposed process gives insufficient clarity regarding
how funds would be allocated.

In light of these and other considerations set out in Rule 23(e)(2)
and Grinnell, Judge Hellerstein says he would not be able to find
at the final approval stage that the proposed settlement is fair,
reasonable, and adequate.

A copy of the Court's Memorandum Opinion dated July 24, 2020 is
available at https://bit.ly/3ie3oUn from Leagle.com.

About The Weinstein Company Holdings

The Weinstein Company was an American independent film studio
founded by Bob and Harvey Weinstein in 2005.  The Weinstein
Company
Holdings LLC and 54 affiliates sought Chapter 11 protection
(Bankr.
D. Del. Lead Case No. 18-10601) on March 19, 2018 after reaching a
deal to sell all assets to Lantern Asset Management as stalking
horse bidder.  The Weinstein Company Holdings estimated $500
million to $1 billion in assets and $500 million to $1 billion in
liabilities.

Lantern ultimately emerged as successful bidder following an
auction.  The Court approved the sale for $287 million.

The Hon. Mary F. Walrath is the case judge.

Cravath, Swaine & Moore LLP is the Debtors' bankruptcy counsel,
with the engagement led by Paul H. Zumbro, George E. Zobitz, and
Karin A. DeMasi, in New York.

Richards, Layton & Finger, P.A., is the local counsel, with the
engagement headed by Mark D. Collins, Paul N. Heath, Zachary I.
Shapiro, Brett M. Haywood, and David T. Queroli, in Wilmington,
Delaware. Bernstein Litowitz Berger & Grossmann, LLP, as special
litigation counsel.

The Debtors also tapped FTI Consulting, Inc., as restructuring
advisor; Moelis & Company LLC as investment banker; and Epiq
Bankruptcy Solutions, LLC as claims and noticing agent.

The Office of the U.S. Trustee for Region 3 appointed an official
committee of unsecured creditors on March 28, 2018.  The committee
retained Pachulski Stang Ziehl & Jones, LLP as its legal counsel,
and Berkeley Research Group, LLC as its financial advisor.


WINDSTREAM HOLDINGS: Sealed Docs Accepted for Appellate Record
--------------------------------------------------------------
District Judge Vincent L. Briccetti issued an order granting
appellee's motion to accept documents under seal into appellate
record in the case captioned U.S. BANK NATIONAL ASSOCIATION,
Appellant, v. WINDSTREAM HOLDINGS, INC., et al., Appellees, Case
No. 20-cv-05440 (VB) (S.D.N.Y.).

The Clerk for the United States Bankruptcy Court for the Southern
District of New York is permitted and authorized to transmit to the
United States District Court for the Southern District of New York
those portions of the appellate record, as designated by the
Appellees, which were received by the Bankruptcy Court under seal.

The District Court will accept, under seal, the Sealed Material,
and the Sealed Material will be dealt with by the parties pursuant
to the District Court's usual practices and procedures concerning
sealed materials.

On February 15, 2019, a federal district court issued a judgment in
favor of Aurelius Capital in U.S. Bank National Association v.
Windstream Services, LLC v. Aurelius Capital Master, Ltd., finding
that Windstream’s 2015 spin-off of its telecommunications assets,
and subsequent “lease” of such assets was a sale-leaseback that
violated its indenture. As a result of the decision and the
corresponding cross-default to Windstream’s other indebtedness,
Windstream filed for Chapter 11 bankruptcy.

A copy of the Court's Order dated July 24, 2004 is available at
https://bit.ly/3kiR2fH from Leagle.com.

                    About Windstream Holdings

Windstream Holdings, Inc., and its subsidiaries provide advanced
network communications and technology solutions for businesses
across the United States.  They also offer broadband,
entertainment
and security solutions to consumers and small businesses primarily
in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019.  The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP,
as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


[*] 7 Haynes and Boone Lawyers Recognized in 2020 Lawdragon List
----------------------------------------------------------------
Seven Haynes and Boone, LLP lawyers have been featured in the
inaugural Lawdragon 500 Leading Global Restructuring and Insolvency
Lawyers and U.S. Bankruptcy and Restructuring Lawyers listings.

Lawdragon compiled the list through research of the lawyers
handling the biggest restructurings globally, intersected with
professional leadership and respect from their peers.

The following Haynes and Boone lawyers were recognized in 2020:

  * Charlie Beckham (Partner)
  * Eli Columbus (Partner)
  * Patrick Hughes (Partner)
  * Kenric Kattner (Partner)
  * Kourtney Lyda (Counsel)
  * Ian Peck (Partner and Chair of the firm's Restructuring
Practice Group)
  * Stephen Pezanosky (Partner)

The Haynes and Boone Restructuring Practice Group handles issues in
large and complex out-of-court financial restructurings and Chapter
11 reorganization cases. Chambers USA, Chambers and Partners, 2020
ranks the practice as a market leader, and clients describe our
lawyers as "business-oriented attorneys."  The Restructuring
Practice Group was shortlisted for the 2015 Chambers USA Award of
Excellence as Bankruptcy Team of the Year for the entire nation.

Haynes and Boone is an international corporate law firm with
offices in Texas, New York, California, Charlotte, Chicago, Denver,
Washington, D.C., London, Mexico City and Shanghai, providing a
full spectrum of legal services in energy, technology, financial
services and private equity. With more than 575 lawyers, Haynes and
Boone is ranked among the largest U.S.-based firms by The National
Law Journal, The American Lawyer and The Lawyer. It also was
recognized across the board for excellence in the BTI Consulting
Group's 2020 "A-Team" report, which identifies the law firms that
in-house counsel commend providing superior client service.


[*] BofA Faces Suit for Botched Bankruptcy Reports
--------------------------------------------------
Law360 reports that a Bank of America NA consumer has filed a
proposed class action over claims the bank inaccurately listed him
as having filed for bankruptcy and refused to correct his credit
report.  William Norman Brooks III told a California federal court
July 17, 2020, that when his bank confused him with someone with a
similar name who did file for bankruptcy, Brooks informed the bank
of its error. However, he was ultimately still denied a personal
loan and watched his hard-earned credit score plummet, leading him
to file suit against the bank for violating the Fair Credit
Reporting Act and other state laws.


[*] Ch. 11 U.S. Commercial Bankruptcy Filings up 52% in July
------------------------------------------------------------
Epiq, a global leader in legal services, released its July 2020
bankruptcy filing statistics from its AACER business. Continuing
the trend from the previous month, commercial Chapter 11 filings
are up 52% over July 2019 with 642 new filings, which is up from
423 last year. In the first seven months of 2020, Chapter 11
commercial filings are up 30% over the same period last year, with
a total of 4,246 filings.

"As expected, we continue to see significant year over year growth
in Chapter 11 commercial bankruptcy filings," said Deirdre
O'Connor, managing director of corporate restructuring at Epiq.
"The COVID-19 pandemic is reshaping consumer buying habits.
Therefore, we will continue to see large retail, energy, and
transportation businesses taking advantage of the tools provided by
a formal bankruptcy to restructure to be more profitable and
competitive in the long-term."

Non-commercial bankruptcy is benefiting from "government-backed
programs that have injected liquidity into the markets," said Chris
Kruse, senior vice president of Epiq AACER.  Chapter 13
non-commercial filings are down 38% in 2020 with 99,136 filings,
which is down from 159,602 filings in the same period of 2019.
Chapter 7 non-commercial filings are down 21% in July 2020 with
30,177 new filings, which is down from 38,033 the same period of
2019.

However, total non-commercial filings have increased each of the
last four months and are up 11% since April with 40,072 in July
2020, which is up from 36,151 in April 2020.  "Perhaps these
numbers are early indications of the pending personal bankruptcy
spike expected to start later this year as the longer-term impact
of the COVID-19 begins to manifest," said Kruse.

                        About Epiq AACER

Epiq AACER is the market leader in U.S. Bankruptcy Court data,
workflow automation software and services for organizations who
need to leverage accurate and timely bankruptcy data to lower their
financial risk, reduce costs, and accelerate bankruptcy operations.
Learn more at http://www.AACER.com/

                           About Epiq

Epiq, a global leader in the legal services industry, takes on
large-scale, increasingly complex tasks for corporate counsel, law
firms, and business professionals with efficiency, clarity, and
confidence.  Clients rely on Epiq to streamline the administration
of business operations, class action and mass tort, court
reporting, eDiscovery, regulatory, compliance, restructuring, and
bankruptcy matters.  Epiq subject-matter experts and technologies
create efficiency through expertise and deliver confidence to
high-performing clients around the world.  Learn more at
http://www.epiqglobal.com/


[*] Experts Warn of Permanent Restaurant Closures
-------------------------------------------------
Cathy Burke, writing for the Jewish Voice, reports that trade
groups predicts that one-third of restaurants in the U.S. could
close down permanently due to COVID-19 pandemic.

Trade groups estimate up to 30% of restaurants could permanently
close because of the pandemic, CNBC reported Saturday.

Citing a report from S&P Global Ratings released mid-July, CNBC
reported 15 publicly traded restaurant chains have already been
tagged as most likely to file for bankruptcy.

The report found the three most vulnerable were casual dining chain
Kisses From Italy, with a 41.2% chance of defaulting within the
next 12 months, followed by Muscle Maker and Giggles N’ Hugs.

Starbucks, Denny's and Yum Brands made the list, although they were
tagged as much less vulnerable, CNBC reported.

Franchisees of large fast-food chains are also struggling, the news
outlet reported: NPC International, Pizza Hut’s largest U.S.
franchisee, filed for Chapter 11 on July 1.

According to CNBC, the coronavirus crisis will likely permanently
change the restaurant industry, and prove to be the death for
buffet-style restaurants.

CNBC reported chains that've been hit hard include CEC
Entertainment -- Chuck E. Cheese's parent company -- which filed
for bankruptcy in June; Garden Fresh Restaurants, parent company of
buffet-style restaurants Souplantation and Sweet Tomatoes, which
filed for Chapter 7 bankruptcy in May and closed all of its
locations permanently; and the U.S. arm of Le Pan Quotidien, PQ New
York, which sought Chapter 11 bankruptcy protection in late May.


[*] Lowenstein Sandler's Primer on IP for Licensees & Licensors
---------------------------------------------------------------
Phillip Gross, Matt Savare and Bryan Sterba of Lowenstein Sandler
LLP wrote an article on JD Supra titled "Some Going Concerns: A
Primer On Intellectual Property Issues In ] For Licensors And
Licensees."

Much has been written on the myriad of legal issues emanating from
the global COVID-19 pandemic: the constitutionality of the
lockdowns, liability for stores that open, the process of obtaining
PPP loans, and the applicability of force majeure clauses, to name
a few.

As intellectual property and bankruptcy practitioners, we are
fielding more questions regarding the impact of bankruptcies (both
actual and potential) on the rights of licensors and licensees.

This article highlights some of the most frequently raised issues,
both for licensors and licensees evaluating their rights due to a
recent or pending bankruptcy filing, as well as for parties
re-evaluating their risk profiles when entering into new license
agreements amid the COVID-19 pandemic.

We also explore some of the pitfalls of source code escrow
agreements and the impact of a release of source code due to a
bankruptcy filing.

Rights of a licensor when a licensee enters bankruptcy

Generally, a license agreement is like any other contract in that
it can be terminated upon the mutual agreement of the parties or as
otherwise set forth in its terms (typically for a party’s uncured
breach or upon expiration).

Many license agreements contain language purporting to authorize a
party to terminate such a contract upon the counterparty's
insolvency or filing for bankruptcy (known as "ipso facto"
clauses).

However, such clauses are typically unenforceable in executory
contracts (i.e. contracts where material performance obligations
remain due on both sides) when a counterparty files a chapter 11 or
chapter 7 case under the United States Bankruptcy Code (the
"Bankruptcy Code") as the Bankruptcy Code generally forbids the
termination of such a contract (and a party's rights or obligations
thereunder) based solely on the debtor counterparty's insolvency or
the commencement of a bankruptcy case under the Bankruptcy Code,
whether or not on such a termination right exists in the
contract.1

This is logical, because the Bankruptcy Code seeks to preserve the
rights of the debtor/bankruptcy estate so that the business may
continue uninterrupted while the trustee (in a chapter 7 case) or
"debtor-in-possession" (in a chapter 11 reorganization case)2
decides what contracts should be "assumed" (and continue to be
performed under) or what contracts should be "rejected".

In the intellectual property context, the prohibition on the
enforcement of ipso facto clauses combined with the Bankruptcy
Code's automatic stay is often critical as such provisions prevent
a non-debtor licensor from terminating a debtor licensee's right to
use intellectual property needed to operate (such as a license for
infrastructure software) upon the commencement of a bankruptcy
proceeding.

Licensed rights of intellectual property (whether a patent,
copyright, trademark, trade secret, publicity, or otherwise) are
not typically assignable by a licensee without the consent of the
licensor under non-bankruptcy law.

The Bankruptcy Code specifically states a trustee of a bankruptcy
estate may not assign a contract where the default position under
applicable non-bankruptcy law is to excuse the counterparty to the
agreement from accepting such an assignment.3

Thus, although a non-debtor licensor cannot terminate a license
simply due to a debtor licensee's insolvency or filing of a
bankruptcy petition under the Bankruptcy Code, such non-debtor
licensor may ultimately prevent the debtor licensee from assigning
its interest to a third party.

Such non-debtor licensor may then ultimately be able to seek relief
from the Bankruptcy Code's automatic stay to terminate the license
that cannot be assigned, and arguably therefore cannot be
assumed.4

However, where the license agreement expressly allows the licensee
to assign the license agreement (whether generally or specifically
in connection with a sale of all or substantially all of the
licensee’s assets), then an executory intellectual property
license would likely be assignable under applicable law and such a
contract would not be terminable by the licensor.

Thus, it is critical for a licensor and licensee to closely review
and critically negotiate all intellectual property contract/license
agreement provisions, including those provisions relating to
assignment and termination upon bankruptcy.

Rights of a non-debtor licensee when a debtor licensor enters
bankruptcy:

Under the Bankruptcy Code, a debtor (in a chapter 11 bankruptcy) or
chapter 7 trustee (in a chapter 7 liquidation) has broad authority,
upon approval of the court, to assume (i.e. accept) or reject (i.e.
deem the contract breached)5 executory contracts of the bankruptcy
estate in order to maximize the value of the debtor's assets for
the benefit of its bankruptcy estate.6

When a debtor enters bankruptcy, the trustee/debtor may believe
that the best way to preserve the value of the bankruptcy estate is
to terminate any outstanding license agreements (to the extent
possible) in order to increase the value of the bankruptcy estate's
intellectual property.

However, section 365(n) of the Bankruptcy Code protects the rights
of intellectual property non-debtor licensees by giving the
licensee the ability to (a) accept any such rejection of the
contract by the debtor licensor, or (b) retain the licensee's
rights under such intellectual property license despite the
rejection of such contract.7

Although allowing for a unilateral rejection of the license by the
debtor licensor could increase the value of the bankruptcy
estate’s applicable intellectual property assets, allowing such
rejection without protecting the rights of counterparty non-debtor
licensees would be too disruptive for licensees, and could result
in substantial consequences for these downstream licensees.

Such consequences could include potentially bankrupting a licensee
that would no longer be able to conduct its business if its license
rights could so easily be vaporized.

Since the Bankruptcy Code not only seeks to preserve the value of a
business as a going concern and the rights of creditors, but also
to minimize the effects of a bankruptcy filing on the rest of the
economic ecosystem, the inclusion of these provisions in the
Bankruptcy Code is logical and necessary.

If the non-debtor licensee chooses to retain its contractual rights
upon a license agreement’s rejection by a debtor licensor, the
licensee will need to continue making any payments required under
the license agreement to the bankruptcy estate.

The applicable intellectual property assets that are subject to the
license may be sold during the bankruptcy proceedings, and the
license would be transferred with them.

Note that the restrictions noted above regarding the
non-assignability of an intellectual property license by a debtor
licensee would not apply, as the default rule preventing the
assignment of intellectual property licenses is only for licensees,
while licensors may generally assign their interests under
applicable non-bankruptcy law.

In such circumstances, the license would need to be transferred
with the intellectual property, and the assignee will step into the
shoes of the previous licensor.

One question that is often raised is whether an exclusive license
is converted to a non-exclusive license as a result of the
bankruptcy of the licensor.

Although this may sound like a reasonable approach for the
Bankruptcy Code to have taken (essentially treating the licensee as
another creditor and limiting its recovery), the provisions of
section 365(n) of the Bankruptcy Code expressly state that
exclusivity rights of a non-debtor licensee shall continue to be
effective if the licensee elects to retain its intellectual
property rights despite rejection of the license agreement in the
bankruptcy proceedings.

The protections of section 365(n) of the Bankruptcy Code only apply
to "intellectual property." However, the Bankruptcy Code does not
clearly delineate all categories of intellectual property that
would be protected by section 365(n).

Accordingly, licensees of intellectual property should include
language such as the below in their license agreements to make
clear that such licenses are intended to fall within the definition
of "intellectual property" subject to the important protections of
section 365(n) of the Bankruptcy Code:

Bankruptcy Protection. The parties agree that all of the rights to
any [Licensed Materials] hereunder constitute "intellectual
property" as defined in Section 101(35A) of the United States
Bankruptcy Code (the "Bankruptcy Code") and that this Agreement
shall be governed by Section 365(n) of the Bankruptcy Code. If
[Licensor] voluntarily or involuntarily becomes subject to the
protection of the Bankruptcy Code, and [Licensor] or the trustee in
bankruptcy rejects this Agreement under Section 365 of the
Bankruptcy Code, [Licensee] shall have the right to: (i) treat this
Agreement as terminated; or (ii) retain [Licensee's] rights under
this Agreement, specifically including, without limitation, the
right to exercise its rights granted herein to such [Licensed
Materials].

Source code escrow

Another hot topic is the impact of a bankruptcy on an agreement
that includes a source code escrow provision. Software is typically
licensed solely in object code form (i.e., the form readable by a
computer, but not understandable by humans), rather than as source
code (i.e., human readable).

When licensing software that is material to its business, a
licensee should seek to have the licensor place the source code for
the applicable software into escrow with a third-party agent (such
as Iron Mountain).

Pursuant to an agreement between the licensor and the escrow agent,
the agent will release the source code under certain limited
conditions negotiated between the licensor and the licensee in the
underlying license agreement (most typically, conditions relating
to circumstances where the licensor no longer supports or maintains
the software).

The vast majority of software licensors rightly seek to maintain
the secrecy of that software's source code. Businesses built
entirely around their proprietary software consider their source
code to be the company’s crown jewels and are often very
reluctant to make it available under any circumstances, including
in escrow.

Nevertheless, licensors providing critical software often find such
escrow provisions necessary in order to close the deal with their
customers.

The conditions triggering the release of source code pursuant to an
escrow provision may include the bankruptcy of the licensor or the
assignment of the applicable license agreement by the licensor.
Both of these concepts may be implicated by a bankruptcy filing and
should be taken into consideration prior to any voluntary
bankruptcy filing occurring.

Although no company wants to consider a potential bankruptcy when
negotiating a license agreement with a potential licensee (and
over-arguing on such contingencies may be viewed as a weakness of
the licensor's business to the licensee), it is important for
licensors not to allow such release conditions to be triggered too
easily.

A useful strategy for licensors when negotiating release conditions
and rights of a licensee following such a release is to focus on
the respective parties' shared interests rather than the
consequences of a bankruptcy and/or release of source code.

By highlighting the goal of maintaining business continuity for a
licensee — and that the licensee may not be in a position to
maintain and support the software itself if the source code is
released — the parties should be able to reach a reasonable
middle-ground on the release conditions and the terms surrounding
the usage of the source code thereafter.

It should be noted that the release of source code from an escrow
account is not the same as a transfer in ownership. Nevertheless,
licensors and licensees need to carefully draft source code escrow
provisions in their underlying license agreement to ensure that
their interests are adequately protected.

In a properly drafted escrow provision, the source code should
remain the intellectual property and confidential information of
the licensor, and the licensee would have the right to use such
source code only to the extent still allowed under (and for the
remainder of) the applicable license agreement.

In the context of a bankruptcy, acquirers of the intellectual
property rights and source code of the bankruptcy estate typically
consider such assets' value to have diminished substantially upon
any source code release.

This is the case even when the provisions of a source code escrow
agreement require the licensee to maintain the source code's
confidentiality upon release or other reasonable restrictions.

For this reason, a potential acquiror of such intellectual property
assets from a bankruptcy estate may seek to come to an agreement
with any potential recipients of the source code in escrow to avoid
its release if the acquiror agrees to maintain the software for the
licensees following the purchase and/or provide additional
consideration.

Looking forward

Whether analyzing rights with a licensor impacted by the current
pandemic or exploring a new business opportunity with a
counterparty, it is important for businesses relying on the value
of intellectual property to consider and appropriately address the
interplay between bankruptcy and intellectual property law, and how
such interplay affects their related commercial intellectual
property agreements.

Although the Bankruptcy Code may override certain provisions in a
contract, the parties to intellectual property licenses have great
latitude to plan for many scenarios, and potentially mitigate their
respective risks, by negotiating contractual provisions to protect
their respective rights in the event that a contract counterparty
undergoes a bankruptcy.

Although it may be unpleasant to negotiate and plan for the
bankruptcy of either party to a license, such initial additional
efforts will prove worthwhile in the long run should a bankruptcy
become a reality.

Reprinted with permission from the June 22, 2020, issue of Westlaw
Journal Bankruptcy. © 2020 Thomson Reuters. All Rights Reserved.
Further duplication without permission is prohibited.

1 See 11 U.S.C. § 365(e)(1). However, 11 U.S.C. § 365(e)(2)
contains an important exception to this general rule limiting
section 365(e)(1) in situations where the non-debtor contract
counterparty is excused from accepting performance from or
rendering performance to an assignee of such contract or lease. As
a result, section 365(e)(1) does not impact ipso facto clauses in
those contracts that are not assignable under applicable
non-bankruptcy law. See generally 3 COLLIER ¶ 365.07[1] at 365-67
(stating that "§ 365(e)(2) provides that the invalidation of ipso
facto clauses does not apply to contracts or leases that are
non-assignable under applicable non-bankruptcy law"). However, the
non-debtor licensor will not be able to immediately terminate a
licensee’s rights following a bankruptcy filing due to the
automatic stay protection provided under 11 U.S.C. § 362(a) the
Bankruptcy Code, although the non-debtor licensor is not obligated
to accept the assignment of the license in the bankruptcy
proceedings, and may subsequently seek relief from the automatic
stay to terminate the license under an ipso facto clause or other
termination for breach provisions in such license.

2 In a chapter 7 liquidation, a chapter 7 trustee is appointed to
take over the debtor and maximize the value of the debtor’s
assets for the benefit of the debtor's "estate". In a chapter 11
reorganization, typically no trustee is appointed and the debtor
continues to run its business as a "debtor-in-possession". The
Bankruptcy Code gives certain rights and powers to a "trustee". In
a chapter 7 case, such rights are exercised by the appointed
chapter 7 trustee. In a chapter 11 case, such rights are exercised
by the debtor company (unless a chapter 11 trustee is appointed for
cause such as due fraud, dishonesty, incompetence, gross
mismanagement, or the like).

3 See 11 U.S.C. § 365(c)(1)(a).

4 There is a split in the bankruptcy case law whether a contract
that cannot be assigned also cannot be assumed, which has
implications for a debtor seeking to reorganize under chapter 11 of
the Bankruptcy Code. Thus, an analysis of licensor and licensee
rights needs to be performed depending on the location where the
bankruptcy case is filed.

5 Certain courts had historically treated "rejection" of an
executory contract as akin to termination of such contract and the
counterparty's rights thereunder. However, the Supreme Court in
Mission Product Holdings, Inc. v. Tempnology, LLC, 587 U.S. ___,
139 S. Ct. 1652, 203 L.Ed.2d 876 (2019) held that rejection of an
executory contract is akin to breach of such contract outside of
bankruptcy. See Mission Product: Supreme Court Protects Rights of
Trademark Licensees in Bankruptcy Despite "Rejection" of Underlying
Trademark License Agreement by Debtor-Licensor, available at
https://bit.ly/3hyyXc2.

6 See 11 U.S.C. § 365(a).

7 While the non-debtor licensee can retain its intellectual
property rights, such rights would only exist as of the bankruptcy
filing (so the licensee likely will not be able to force
debtor-licensor to take affirmative actions under the contract such
as providing maintenance, updates, support or even defend the
intellectual property). Additionally, other related
non-intellectual property rights under the license agreement such
as the right to distribute products may be found by a court to not
fundamentally be subject to the protections under section 365(n) of
the Bankruptcy Code.


[*] PPE Manufacturing Helping Distressed Companies
--------------------------------------------------
Tim Henderson, writing for Roanoke, reports that PPE manufacturing
has helped distressed and bankrupt companies bounce back.

As factories start bringing back workers laid off at the beginning
of the pandemic, some are retooling to meet coronavirus-related
demands.

Designetics, a firm near Toledo, Ohio, that makes windshield
coating systems, now has about half of its 73 workers trained to
make custom protective barriers to prevent coronavirus
transmission.

The switch started when a local hospital asked for a particular
size barrier for ultrasound sessions with expectant mothers. Orders
flowed in from grocery stores, restaurants and beauty salons. Even
an art gallery ordered transparent barriers to keep its artwork
visible.

"It's really the big thing right now," said Designetics President
Sydney Spraw. "It's been a nice addition to what we've lost on the
automotive side."

While the company still ships its windshield coating system to more
than 60 countries, that part of the business has become
unpredictable, Spraw said.

"You can make something and ship it and then the country closes
down and it can't be delivered because there's literally nobody
there to accept it," Spraw said. "Or the delivery person refused to
be screened so they won’t accept it."

Manufacturing jobs nationwide are starting to come back from their
pandemic nosedive. Falling by more than 1.3 million between
February and April, they hit 11.4 million, the lowest number since
March 2010, after the Great Recession.

Manufacturing jobs increased in May and June by about 700,000, but
remain 6% below the same point in 2019 — about the level they
were five years ago as the recovery took hold, according to a
Stateline analysis of U.S. Bureau of Labor Statistics data.

Other factory layoffs could still be coming as a result of new
shutdowns in response to the latest wave of coronavirus cases.

For instance, the Wisconsin-based small engine manufacturer Briggs
& Stratton recently announced 228 layoffs plus 120 more by its
supplier Adecco USA, effective in August, citing the pandemic’s
effect on its lawnmower and pressure washer business.

Some states are trying to boost manufacturing job numbers by
helping factories reach out to potential customers of barriers,
masks and other personal protective equipment, or PPE. California
helped create an online marketplace for that purpose in June, and
similar markets were set up with state help in Missouri, Indiana
and Ohio.

Those states are some of the most dependent on manufacturing jobs.
California has the largest number of manufacturing jobs, while
those in Indiana make up the largest share of total jobs, 20%,
according to the Bureau of Labor Statistics.

States are easing the path in other ways, too. As manufacturers
look to make protective equipment on the side, many are worried
about liability, said Linda Kelly, general counsel for the National
Association of Manufacturers, a trade group.

"You now have digital printing facilities making face shields, or
textile makers that now make masks and gowns," Kelly said. "If I'm
making something I've never made before, am I going to be held to
some obscure standard when I’m just trying to step up and do the
right thing in an emergency?"

At least eight states have passed laws or issued an executive order
to limit liability during the pandemic, and three more are
considering it.

Automotive manufacturers across the country, including makers of
parts and supplies, are having the most trouble bouncing back.

Jobs in that sector dropped by 40% or about 580,000 jobs between
March and April, and increased by about 35,000 in May as some
automakers started adding shifts again, according to a Stateline
analysis of Current Population Survey data provided by the
University of Minnesota.

The slight improvement in automotive jobs will be hard to sustain
because there's a worldwide glut of unsold cars, said William
Spriggs, chief economist for the AFL-CIO and a former assistant
labor secretary in the Obama administration.

"The drop in demand has been more precipitous than the Great
Recession," Spriggs said. “Unlike the Great Recession, the
headwinds now are more like a hurricane."

Ford Motor Co. has called for a federal "cash for clunkers"
program, similar to one in California begun in 2009 to get old cars
off the road and boost demand.

But that's not going to help much if other countries start dumping
unsold cars in the United States, seeking better returns from the
strong U.S. dollar, Spriggs said. At the same time, bankrupt Hertz
put its fleet on the used-car market.

Automotive plants large and small have been turning to PPE as a
side job.

Cadillac Parts, a parts supplier near Detroit, began making
hospital gowns when managers heard local hospitals were in
desperate need. Auto plants in Indiana, Michigan, Mississippi and
Tennessee now manufacture face shields and ventilators.

Some types of factories have not been able to retool during the
pandemic. Ohio's Libbey Glass, which produces glassware for
institutions and restaurants, sought Chapter 11 bankruptcy
protection June 1.

Factories must constantly adapt to stay viable, said Clinton
Longenecker, a business professor at the University of Toledo.

"The downturn is forcing people to get creative and innovative," he
said. "We'll see a lot of positive things when the economy returns
to normal if we can just survive this current crisis."


[*] PPP & the Temporary Relief It Brings to Small Business
----------------------------------------------------------
Steven Abramowitz, Adrianne Goins, Paul Heath, George Howard, David
Meyer, and Jessica Peet of Vinsons & Elkins LLP wrote an article on
JD Supra titled "The Paycheck Protection Program and Bankruptcy."

The COVID-19 pandemic has heavily disrupted our lives, communities,
and businesses. Even with new approaches, not all businesses can
overcome the substantial challenges brought by the pandemic.
Lending programs like the Paycheck Protection Program have brought
temporary relief, but many small businesses remain exposed to
financial difficulties and face a real risk of bankruptcy.

New Small Business Provisions in Bankruptcy Code

Small businesses considering bankruptcy protection should be aware
of recent changes to the Bankruptcy Code – enacted as the
pandemic hit the United States and enhanced under the CARES Act. In
February 2020, Congress enacted the Small Business Reorganization
Act as Subchapter 5 of Chapter 11 of the Bankruptcy Code. It
modifies the traditional bankruptcy process set out in Chapter 11
and reduces the cost and expense for small businesses to
reorganize. Originally, the debt limit for a small business to
qualify under Subchapter 5 was $2.7 million.

The CARES Act, enacted March 27, 2020, increased the debt limit for
eligible businesses under the Small Business Reorganization Act
from $2.7 million to $7.5 million, to allow more small businesses
to take advantage of Subchapter 5. The increase in the debt limit
is effective for one year after enactment of the CARES Act –
until March 27, 2021. Certain companies that previously filed under
regular Chapter 11 have successfully been able to convert to cases
under Subchapter 5.

Subchapter 5 (with the increased debt limit under the CARES Act)
may provide many small businesses with a more attractive option for
bankruptcy protection. Among other advantages, the provisions
provide for a more streamlined confirmation process (generally
without a disclosure statement), no requirement for creditors'
committees, and the ability to confirm a plan without needing to
obtain approval by a class of impaired creditors or complying with
the absolute priority rule, so long as the plan provides for the
application of all projected "disposable income" over three to five
years to payments under the plan. Thus, the Subchapter 5 process
may offer a less costly form of bankruptcy relief, with the ability
to retain equity, so long as the debtor dedicates all of their
disposable income for three to five years to the payment of
creditors. Subchapter 5 also provides for the involvement of a
trustee in all cases, including to facilitate the development of a
consensual plan of reorganization, but the trustee’s role is
generally more limited than in typical trustee cases.

Issues for Paycheck Protection Program Borrowers

Many small businesses – nearly 5 million nationwide – received
loans under the popular Paycheck Protection Program ("PPP"), also
part of the CARES Act. If they are considering bankruptcy, PPP
borrowers may have questions about the interaction of the PPP
program and bankruptcy proceedings.

• Unsecured Loan. Since PPP loans are unsecured, with no
collateral required (and no
  personal guarantee), if a PPP borrower goes into bankruptcy, the
government would
  have a general unsecured claim against the borrower in
bankruptcy.

• Use of PPP Loan Funds. PPP borrowers may be concerned about the
use of loan funds
  in a bankruptcy proceeding, since the CARES Act limits the
permissible use of
  funds. Whether a bankruptcy court could require PPP loan funds to
be spent on
  costs not permitted under the CARES Act is an open, untested
question.

• Fraud Concerns. Businesses that had filed for bankruptcy before
applying for PPP
  loans are not eligible under SBA rules to receive PPP loans.
Although some
  Bankruptcy Courts have enjoined the SBA from applying this rule
under the anti-
  discrimination provisions of the Bankruptcy Code, a number of
more recent cases
  have generally upheld the SBA rule. Businesses that apply for PPP
loans and then
  file for bankruptcy before being approved are required to inform
their lenders and
  withdraw their applications for PPP loans. However, a business is
not prohibited
  from filing for bankruptcy after receiving a PPP loan. To avoid
concerns about
  fraud in such a situation, it is important that no facts suggest
that the
  bankruptcy filing was postponed to allow the borrower to receive
a PPP loan.

The issues facing small businesses today are unprecedented and
complex. Traditional challenges interact with new programs,
creating novel issues. It is important to consult counsel for
assistance when navigating these challenges. Vinson & Elkins is
monitoring the developments facing businesses during the pandemic
and offers clients our cross-disciplinary approach to best resolve
issues they face today.



[*] State Bankruptcy Legislation Needs Care
-------------------------------------------
Susheel Kirpalani, a partner at Quinn Emanuel, wrote on Bloomberg
Law that with Covid-19 causing states to face rising expenditures
and growing shortfalls in tax revenues, some policymakers and
pundits have suggested making federal bankruptcy laws available to
state governments.

Congress should act with precision and not haste, or it will
increase the cost of borrowing in all 50 states and destabilize the
multitrillion-dollar municipal bond market.

The U.S. bankruptcy laws are a foundational pillar of the world's
most envied capital markets for one reason: they provide a reliable
set of rules that lead to predictable outcomes. When states seek to
access the $3.9 trillion municipal finance market, investors take
comfort in the fact that the Constitution makes it very hard for a
state to break its contractual commitments based on changed
circumstances -- even if doing so would free up money for good
uses.

Now that Covid-19 is causing states to face rising expenditures and
growing shortfalls in tax revenues, some policymakers and pundits
have suggested it's time to consider making federal bankruptcy laws
available to state governments.  These voices are quick to note
that municipalities and state-level instrumentalities can already
file under Chapter 9 of the Bankruptcy Code.

While opponents ponder whether subjecting states to federal court
orders represents an affront to the 10th Amendment, any such law
would be optional for states to use. The U.S. Supreme Court already
cleared the way for this framework in 1938. The bigger
constitutional concern is the continuing role of the Contracts
Clause, which is the part of the Constitution that prevents states
from reneging on their contracts at will.

How It Could Work

Any constitutional bankruptcy law for the states should reserve
power to the courts to permit states to impair obligations to the
extent justified, but only to that extent. Otherwise, the law would
subvert the Constitution, confound judges, and lead to
unpredictable and politicized outcomes for markets.

Prospective bill sponsors and relevant committees of jurisdiction
would be well served to assess the checks and balances provided by
the courts in Chapter 11 before simply incorporating a subset of
bankruptcy provisions for states as it did with Chapter 9. In the
corporate context, courts can remedy abuses of creditor rights by
authorizing a creditor-sponsored plan, the appointment of a
trustee, or even liquidation. None of these features is available
in Chapter 9 due to state sovereignty, but that should not be the
end of the analysis.

Lawmakers should consider that when a state seeks to break its own
contractual commitment today, it must demonstrate in a court of law
that the impairment is both reasonable and necessary—terms that
have an established body of jurisprudence. Even if an impairment is
necessary, its reasonableness may depend on the specific commitment
made and the context in which it was made.

For example, a public employee union that already provided
concessions due to a state's recent financial distress should
continue to be protected from a second bite at the apple in
bankruptcy unless there is truly no other viable alternative.
Similarly, a non-impairment commitment expressly provided by
statute to induce lending, or the state’s vesting of property
interests in future benefits or revenues, should be considered
superior on a relative basis to other claims in bankruptcy that
enjoy no such protection.

As such, to the extent Congress considers a state-level bankruptcy
law, lawmakers should be careful to ensure that a court retains the
power to evaluate the policy decisions underlying a proposed
bankruptcy plan in a manner consistent with the Contracts Clause.
Furthermore, respecting state-law commitments and priorities given
to creditors on a relative basis would be the best way to respect
state sovereignty.

In this way, Congress can afford states bankruptcy relief to
promote collective action to bind hold-outs while still
safeguarding settled constitutional expectations. This can be done
without offending state sovereignty because the state is already
constrained by the Constitution in the absence of a new bankruptcy
law.

If a state could demonstrate an impairment were reasonable and
necessary, and the requisite creditor votes for the plan were
obtained, the court would grant the federal discharge. But if it
could not make the showing, the court would deny confirmation of
that particular plan and the state would need to either formulate a
better one or dismiss its bankruptcy case and revert to the status
quo—no sovereign-bad feelings.

But if state-level bankruptcy law is drawn up in a way that gives
states the unchecked right to impair their debt obligations, it
will turn the Constitution on its head. And while creditors could
try and invoke the protection of the Contracts Clause even if it
were not codified in the new statute, this approach would create
much greater uncertainty than if the law spelled out the
constitutional obligations in the first place.

This is why Congress must act with precision rather than haste.
Lawmakers must not be hypnotized by the mantra of state sovereignty
without pausing to consider what constitutional protections
constrain the states when they transact with private parties.

Should Congress opt for a quick fix, it will increase the cost of
borrowing in all 50 states and destabilize the
multi-trillion-dollar municipal bond market. There is a way to aid
states, but it's not by passing legislation that inadvertently
writes the Contracts Clause out of the Constitution entirely.



[^] BOOK REVIEW: Hospitals, Health and People
---------------------------------------------
Author: Albert W. Snoke, M.D.
Publisher: Beard Books
Softcover: 232 pages
List Price: $34.95

Order your personal copy today at
http://www.beardbooks.com/beardbooks/hospitals_health_and_people.html

Hospitals, Health and People is an interesting and very readable
account of the career of a hospital administrator and physician
from the 1930's through the 1980's, the formative years of today's
health care system. Although much has changed in hospital
administration and health care since the book was first published
in 1987, Dr. Snoke's discussion of the evolution of the modern
hospital provides a unique and very valuable perspective for
readers who wish to better understand the forces at work in our
current health care system.

The first half of Hospitals, Health and People is devoted to the
functional parts of the hospital system, as observed by Dr. Snoke
between the late 1930's through 1969, when he served first as
assistant director of the Strong Memorial Hospital in Rochester,
New York, and then as the director of the Grace-New Haven Hospital
in Connecticut. In these first chapters, Dr. Snoke examines the
evolution and institutionalization of a number of aspects of the
hospital system, including the financial and community
responsibilities of the hospital administrator, education and
training in hospital administration, the role of the governing
board of a hospital, the dynamics between the hospital
administrator and the medical staff, and the unique role of the
teaching hospital.

The importance of Hospitals, Health and People for today's readers
is due in large part to the author's pivotal role in creating the
modern-day hospital. Dr. Snoke and others in similar positions
played a large part in advocating or forcing change in our hospital
system, particularly in recognizing the importance of the nursing
profession and the contributions of non-physician professionals,
such as psychologists, hearing and speech specialists, and social
workers, to the overall care of the patient. Throughout the first
chapters, there are also many observations on the factors that are
contributing to today's cost of care. Malpractice is just one
example. According to Dr. Snoke, "malpractice premiums were
negligible in the 1950's and 1960's. In 1970, Yale-New Haven's
annual malpractice premiums had mounted to about $150,000." By the
time of the first publication of the book, the hospital's premiums
were costing about $10 million a year.

In the second half of Hospitals, Health and People, Dr. Snoke
addresses the national health care system as we've come to know it,
including insurance and cost containment; the role of the
government in health care; health care for the elderly; home health
care; and the changing role of ethics in health care. It is
particularly interesting to note the role that Senator Wilbur Mills
from Arkansas played in the allocation of costs of hospital-based
specialty components under Part B rather than Part A of the
Medicare bill. Dr. Snoke comments: "This was considered a great
victory by the hospital-based specialists. I was disappointed
because I knew it would cause confusion in working relationships
between hospitals and specialists and among patients covered by
Medicare. I was also concerned about potential cost increases. My
fears were realized. Not only have health costs increased in
certain areas more than anticipated, but confusion is rampant among
the elderly patients and their families, as well as in hospital
business offices and among physicians' secretaries." This aspect of
Medicare caused such confusion that Congress amended Medicare in
1967 to provide that the professional components of radiological
and pathological in-hospital services be reimbursed as if they were
hospital services under Part A rather than part of the co-payment
provisions of Part B.

At the start of his book, Dr. Snoke refers to a small statue,
Discharged Cured, which was given to him in the late 1940's by a
fellow physician, Dr. Jack Masur. Dr. Snoke explains the
significance the statue held for him throughout his professional
career by quoting from an article by Dr. Masur: "The whole question
of the responsibility of the physician, of the hospital, of the
health agency, brings vividly to mind a small statue which I saw a
great many years ago.it is a pathetic little figure of a man, coat
collar turned up and shoulders hunched against the chill winds,
clutching his belongings in a paper bag-shaking, tremulous,
discouraged. He's clearly unfit for work-no employer would dare to
take a chance on hiring him. You know that he will need much more
help before he can face the world with shoulders back and
confidence in himself. The statuette epitomizes the task of medical
rehabilitation: to bridge the gap between the sick and a job."

It is clear that Dr. Snoke devoted his life to exactly that
purpose. Although there is much to criticize in our current
healthcare system, the wellness concept that we expect and accept
today as part of our medical care was almost nonexistent when Dr.
Snoke began his career in the 1930's. Throughout his 50 years in
hospital administration, Dr. Snoke frequently had to focus on the
big picture and the bottom line. He never forgot the importance of
Discharged Cured, however, and his book provides us with a great
appreciation of how compassionate administrators such as Dr. Snoke
have contributed to the state of patient care today. Albert Waldo
Snoke was director of the Grace-New Haven Hospital in New Haven,
Connecticut from 1946 until 1969. In New Haven, Dr. Snoke also
taught hospital administration at Yale University and oversaw the
development of the Yale-New Haven Hospital, serving as its
executive director from 1965-1968. From 1969-1973, Dr. Snoke worked
in Illinois as coordinator of health services in the Office of the
Governor and later as acting executive director of the Illinois
Comprehensive State Health Planning Agency. Dr. Snoke died in April
1988.



                            *********

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
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however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
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