/raid1/www/Hosts/bankrupt/TCR_Public/210416.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, April 16, 2021, Vol. 25, No. 105

                            Headlines

110 WEST PROPERTIES: $22M Sale to Criscione-Meyer to Fund Plan
1716 I LLC: Night Club's Plan to Pay Unsecured Claims in 36 Months
3100 E. IMPERIAL: Voluntary Chapter 11 Case Summary
3135 MACARTHUR: Unsecured Creditors Will Get 50% of Claims in Plan
4-S RANCH: Sandton Credit Says Amended Disclosures Inaccurate

4-S RANCH: US Trustee Wants Plan to Update Real Property Status
ADVANCED POWER: Amends Plan to Resolve Ally Bank's Claim Issues
ALPINE US BIDCO: S&P Assigns 'B-' ICR, Outlook Positive
AME ZION: Trustee Taps Braun Int'l, Premiere Estates as Brokers
ANGEL'S SQUARE: Voluntary Chapter 11 Case Summary

AULT GLOBAL: Incurs $32.7 Million Net Loss in 2020
AVENTURA HOTEL: U.S. Trustee Unable to Appoint Committee
AVERY ASPHALT: Seeks to Hire PPL Group, ThreeSixty as Auctioneers
BETTEROADS ASPHALT: Files Plan, Says Deal With Lenders Near
BIOSTAGE INC: Appoints Peter Pellegrino as Interim VP of Finance

BLACKHAWK NETWORK: Moody's Alters Outlook on B2 CFR to Stable
BLACKTOP INDUSTRIES: Seeks Cash Collateral Access
BMSL MANAGEMENT: Seeks to Hire Berger Fischoff as Legal Counsel
BOY SCOUTS OF AMERICA: J&C/TNF Claimants Say Disclosures Inadequate
BOY SCOUTS: Locks Law Firm Claimants Say Disclosures Inadequate

BRINK'S COMPANY: PAI Purchase No Impact on Moody's Ba2 CFR
BROADSTREET PARTNERS: Moody's Affirms B2 CFR Amid Notes Issuance
BUFFALO SH: Unsecureds Will Recover 100% in Reorganization Plan
CADENCE BANCORPORATION: S&P Places 'BB+' ICR on Watch Positive
CAJUN COMPANY: Seeks to Hire Mickey deLaup as Special Counsel

CAREVIEW COMMUNICATIONS: Incurs $11.7 Million Net Loss in 2020
CASTLE US: Moody's Affirms B3 CFR, Outlook Stable
CCF HOLDINGS: S&P Withdraws 'CCC' Issuer Credit Rating
CHOATES G. CONTRACTING: Case Summary & 6 Unsecured Creditors
CITY CHURCH: IRS Seeks to Condition Use of Cash Collateral

CLEARPOINT CHEMICALS: Seeks to Hire Munsch Hardt as Special Counsel
CMC II: Modcomp Inc. Appointed to Creditors' Committee
COSMOS HOLDINGS: Swings to $820,786 Net Income in 2020
CROWNROCK LP: S&P Rates $400MM Senior Unsecured Debt 'BB-'
DGWB VENTURES: Wins Cash Collateral Access Thru April 21

DISCOVERY DAY: Seeks to Hire Noack and Co. as Accountant
ENVEN ENERGY: S&P Alters Outlook to Stable, Affirms 'B-' ICR
FENCEPOST PRODUCTIONS: Court Approves Disclosure Statement
FIELDWOOD ENERGY: Court Gives Clearance to Seek Plan Votes
GIRARDI & KEESE: Los Angeles Office Building Is in Escrow

GIRARDI & KEESE: Trustee Selects Firm to Locate Erika's Valuables
GLOW HOSPITALITY: Final Cash Collateral Hearing Moved to April 20
GOGO INC: Swaps 19.1M Common Shares for $105.7M Notes
GYP HOLDINGS III: Moody's Rates Proposed Unsecured Notes 'B2'
HERMELL PRODUCTS: Seeks to Hire Bardaglio Hart as Accountant

HERTZ CORP: Fine-Tunes Plan Backed by Centerbridge, et al.
HERTZ CORPORATION: US Trustee Wants Opt-In Forms in Ballots
HIGHTOWER HOLDING: S&P Rates New $300MM Sr. Unsecured Notes 'CCC'
HOMES BY KC: Gets OK to Hire Abode Agency as Real Estate Agent
HORIZON GLOBAL: Harry Wilson Won't Stand for Reelection as Director

HOSPEDERIA VILLA VERDE: Seeks to Hire Frye Maldonado as Counsel
HOSPITALITY INVESTORS: Nears Prepack to Hand Control to Brookfield
IDEANOMICS: Unit Inks Deal to Supply 200K E-Vehicles to Indonesia
JAGUAR HEALTH: Upsizes ATM Financing Program by $15.3 Million
K3D PROPERTY: Creditors' Committee Says Disclosures Inadequate

LTR INTERMEDIATE: Moody's Assigns First Time B3 Corp Family Rating
LUCID ENERGY: S&P Alters Outlook to Positive, Affirms 'B' ICR
M1 DEVELOPMENT: Case Summary & 16 Unsecured Creditors
MANSIONS APARTMENT: Addresses Bank, Campbell Concerns on Plan
MATAWAN ACQUISITION: Voluntary Chapter 11 Case Summary

MCDERMOTT INTL INC: Can't Ditch the CB&I Merger Suit, Says Judge
MCIVOR HOLDINGS: Seeks to Hire Berkshire Hathaway as Broker
MICROVISION INC: Hires Sumit Sharma as New CEO
MOUNT ETNA PARTNERS: Seeks to Hire Factsco LLC as Accountant
NATURALSHRIMP INC: Expects to Get $4.9M Proceeds from Offering

NEW RESONETICS: S&P Assigns 'B-' ICR on Debt Refinancing
OCEAN AVENUE: Seeks Approval to Hire Wilcox Law Firm as Counsel
OZARK PARTNERS: Case Summary & 2 Unsecured Creditors
PALMS NL CONDOMINIUM: Hires Bakalar as Association Law Counsel
PATRICK INDUSTRIES: S&P Rates New $350MM Sr. Unsecured Notes 'B+'

PLAMEX INVESTMENT: Case Summary & 20 Largest Unsecured Creditors
PLATINUM CORRAL: Case Summary & 20 Largest Unsecured Creditors
PRESSURE BIOSCIENCES: Incurs $16 Million Net Loss in 2020
PROFESSIONAL FINANCIAL: Tri Counties Says Disclosures Insufficient
QUINCY BAG: Seeks to Hire Robert J Murphy as Legal Counsel

R.R. DONNELLEY: S&P Assigns 'B+' to $350MM Senior Secured Notes
REGALIA BEACH: Creditors to be Paid in Full in Liquidating Plan
SALON PROZ: Seeks to Hire David C. Hinton as Accountant
SAMM SOLUTIONS: Seeks Cash Collateral Access Thru May 15
SC SJ Holdings: Seeks to Hire CHMWarnick as Special Hotel Advisor

SC SJ HOLDINGS: Seeks to Hire Pillsbury Winthrop as Legal Counsel
SEADRILL PARTNERS: Has Deal With Parent, Files 3rd Amended Plan
SHAW 3RD HOLDINGS: Hires RoganMillerZimmerman as Legal Counsel
SIMPLE SITEWORK: Unsecureds Will Receive 20% of Their Claims
SOUTH PARK CLUBHOUSE: Case Summary & 20 Largest Unsecured Creditors

SOUTHERN ROCK: U.S. Trustee Unable to Appoint Committee
STANTON VIEW: Seeks to Hire Wolff & Orenstein as Legal Counsel
STARCO VENTURES: Case Summary & 4 Unsecured Creditors
SUMMIT FAMILY: Gets OK to Hire Sacks Tierney as Legal Counsel
SUNERGY CALIFORNIA: Committee Seeks to Hire Downey Brand as Counsel

TELESAT CANADA: S&P Rates New US$500MM Senior Secured Notes 'BB-'
TRIDENT HOLDINGS: Seeks to Hire Valuation Source as Appraiser
TRIPTYCH MIAMI: U.S. Trustee Unable to Appoint Committee
TS GILL CAB: Seeks to Hire Dahiya Law Offices as Legal Counsel
[^] BOOK REVIEW: Oil Business in Latin America: The Early Years


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110 WEST PROPERTIES: $22M Sale to Criscione-Meyer to Fund Plan
--------------------------------------------------------------
110 West Properties, LLC, filed with the U.S. Bankruptcy Court for
the Central District of California, Los Angeles Division, a Chapter
11 Plan of Reorganization and a Disclosure Statement dated April
13, 2021.

The Debtor is proposing a Chapter 11 Plan to restructure its
financial affairs through a sale and leaseback of substantially all
of the Debtor's assets.  The Debtor is proposing to sell
substantially all of the Debtor's assets to and lease those assets
back from Criscione-Meyer Entitlement, a limited liability company
cell of ATCAPM, LLC, a Delaware limited liability company, a
Delaware series parent ("CME") through this Plan.  

The Plan contemplates the sale of Debtor's Property to the Buyer
CME for $22 million ("Purchase Price") plus the mutual releases,
including, among other terms, releasing claims for the Prior
Buyer's Deposits and claims against parties with indemnity claims
against the Debtor, withdrawal of the $1,500,000 Dos
Cabezas/Criscione Proof of Claim, withdrawal of the Lis Pendens,
withdrawal of other Prior Buyers Adverse Bankruptcy Actions, and
dismissal with prejudice of certain pending litigation
(collectively, the "Release Consideration"), pursuant to a certain
Real Property Purchase and Sale Agreement and Escrow Instructions,
including exhibits (the "Purchase Agreement"). This Purchase
Agreement is similar to the March 2021 Purchase Agreement.

The Plan also provides for distributions to certain Allowed Claims
based on the sale of the Debtor's Property to Buyer CME.

Class 3 consists of Allowed General Unsecured Claims.  Under the
Plan, each holder of an Allowed General Unsecured Claim will
receive on account of such claim, pro rata distributions from the
cash received by the Debtor either at or after Closing in excess of
the Administrative Claims, Class 1 and Class 2 Claims ("Available
Cash"). While the Debtor anticipates that each holder of an Allowed
Class 3 claim will ultimately be paid in full, such payment may not
occur by the Closing Date. Class 3 is impaired under the Plan.

Class 4 constitutes the Prior Buyer Releasors. Under the Plan, the
Mutual Release will become immediately effective regardless of
whether there is a closing of the sale of the Property pursuant to
the Purchase Agreement. Pursuant to the Mutual Release, the Debtor
and the Prior Buyer Releasors are to provide mutual releases. The
Prior Buyer are to withdraw or dismiss with prejudice, as
appropriate, the Dos Cabezas/Criscione Proof of Claim, among other
Prior Buyers Adverse Bankruptcy Actions, to the extent they remain
pending.

Class 5 is comprised of parties who own equity or ownership
Interests in the Debtor immediately prior to the Effective Date.
Under the Plan, all existing holders of Interests in the Debtor are
to retain their Interests in the Debtor. There will be no payments
made to these holders of Interests in the Debtor until
Administrative Claims, Class 1 Fairview Secured Claim, Class 2
Allowed Pre-Petition and Post-Petition Secured Tax Claims, and
Class 3 Allowed General Unsecured Claims are paid in full.

Class 6 is comprised of Tarzana. Under the Plan, Tarzana is given
the option to either: (i) receive its pro rata distribution as a
holder of Interests in the Debtor under Class 5 Interests in the
Debtor after all senior Classes are paid in full; or (ii)
subordinate its Claim to the holders of Interests in the Debtor
(Class 5) until other holders of equity whose claims have not been
subordinated have received an amount equal to their preferred
return of 8% on their capital investments pursuant to the Debtor's
operating agreement plus their capital investments, and then to
receive from the available Cash, its distribution on account of the
Allowed Tarzana Crossing Claim.

The Plan contemplates the sale and transfer of substantially all of
the assets of the Debtor, including the Property, pursuant to the
Purchase Agreement. The Confirmation Order shall contain specific
authority for the Debtor to sell the assets pursuant to the terms
of the Purchase Agreement.

A full-text copy of the Disclosure Statement dated April 13, 2021,
is available at https://bit.ly/3txqdJ3 from PacerMonitor.com at no
charge.

The Debtor is represented by:

     Gregory K. Jones, Esq.
     Dykema Gossett LLP
     333 South Grand Avenue, Suite 2100
     Los Angeles, CA 90071
     Tel: (213) 457-1800
     Fax: (213) 457-1850
     E-mail: gjones@dykema.com

                    About 110 West Properties

110 West Properties, LLC, a privately held company in Los Angeles,
filed a voluntary Chapter 11 petition (Bankr. C.D. Cal. Case No.
19-24048) on Nov. 29, 2019. The petition was signed by Richard K.
Ullman, Sr. of RU, LLC, manager of the Debtor.

At the time of the filing, the Debtor disclosed assets of between
$10 million and $50 million and liabilities of the same range.

Judge Neil W. Bason oversees the case.  Dykema Gossett LLP is the
Debtor's legal counsel.


1716 I LLC: Night Club's Plan to Pay Unsecured Claims in 36 Months
------------------------------------------------------------------
1716 I LLC filed an Amended Chapter 11 Plan of Reorganization and a
corresponding Disclosure Statement.

The Plan will be funded from proceeds of the Debtor's business
operations; or, in the event that business operations have not
resumed as of the Effective Date, the Plan will be funded by the
owner of the business pending the resumption of business
operations.

As a result of the coronavirus crisis, the Debtor, which owns a
nightclub in the central business section of the District of
Columbia, was forced to close the business and cease all business
operations in March of 2020.  To date the business remains closed
under emergency health regulations imposed by the District of
Columbia.

The Debtor leases the business premises under a commercial lease
with a regular monthly base rent in the amount of $25,000;
provided, however, the landlord has offered Debtor a current rent
abatement, with the monthly rent limited to Debtor's share of real
estate taxes, pending resolution of the coronavirus crisis. Aside
from the lease, the Debtor owns sound, lighting, cooking and
computer equipment used in connection with the operation of the
business, valued at approximately $45,000.  The Debtor also
maintains a debtor-in-possession bank account.

The Plan will treat claims and interests  as follows:

   * Class III consists of the Secured Claim of the District of
Columbia. The District of Columbia filed an amended proof of claim
(No. 2-2) asserting a secured claim in the amount of $1,842,610.
The Debtor objected to the claim and the parties have agreed to
settlement of the District's claim.  The Debtor will pay $8,333.33
per month for 48 months for a total of $400,000, in full payment of
the District's claims.  The Debtor will commence payments 60 days
from the Effective Date of the Plan.  Class III is impaired.

   * Class IV consists of four unsecured claims. A claim for
workman's compensation was filed on behalf of Mike Dominic Moore
("Moore") in the amount of $25,000.  A claim for goods sold was
filed on behalf of Southern Glazer's Wine and Spirits, LLC in the
amount of $3,000. Unsecured claims were also filed on behalf of the
District of Columbia and the IRS.  The IRS has asserted an
unsecured claim, estimated at $15,200 for unfiled corporate income
taxes.  The District of Columbia included an unsecured claim in the
amount of $6,128 as part of its disputed claim for corporate
franchise taxes and sales & use taxes, which is included in the
settlement of the District's claim.  All allowed unsecured claims
shall be paid by the Debtor in full.  The allowed claims of Moore,
Southern Glazer and the IRS will be paid by the Debtor in equal
monthly installments, over a period of 36 months, with the first
payment commencing 30 days from the Effective Date of the Plan.
Class IV is impaired.

   * Class V  consists of the Equity Interest in the Debtor. Chaz
Zhou owns a 100 percent interest in the Debtor.  Class V is not
impaired.

Counsel for the Debtor:

     Wendell W. Webster, Esq.
     1775 K Street, N.W., Suite 290
     Washington, DC 20006
     Tel: (202) 659-8510
     E-mail: wwebsterfredrickson.com

A copy of the Amended Disclosure Statement is available at
https://bit.ly/3mSGsxB from PacerMonitor.com.

                         About 1716 I

1716 I LLC owns and operates a full-service nightclub, lounge and
bar business located in the central business section of the
District of Columbia.  It filed for Chapter 11 bankruptcy
protection (Bankr. D.D.C. Case No. 19-00699) on Oct. 23, 2019.  The
Hon. S. Martin Teel, Jr. oversees the case.  In its petition, the
Debtor was estimated to have $100,000 to $500,000 in assets and $1
million to $10 million in liabilities.  The petition was signed by
Charles Zhou, shareholder and principal.  The Debtor is represented
by Wendell W. Webster, Esq., at Webster & Fredrickson, PLLC.


3100 E. IMPERIAL: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: 3100 E. Imperial Investment, LLC
        6988 Beach Blvd, Suite B-215
        Buena Park, CA 90621

Chapter 11 Petition Date: April 14, 2021

Court: United States Bankruptcy Court
       Central District of California

Case No.: 21-10957

Judge: Hon. Erithe A. Smith

Debtor's Counsel: Ron Bender, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
                  10250 Constellation Blvd., Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Fax: (310) 229-1244
                  E-mail: rb@lnbyb.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Donald Chae, designated officer.

The Debtor stated it has no unsecured creditors.

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

https://www.pacermonitor.com/view/NSNBAOI/3100_E_Imperial_Investment_LLC__cacbke-21-10957__0001.0.pdf?mcid=tGE4TAMA


3135 MACARTHUR: Unsecured Creditors Will Get 50% of Claims in Plan
------------------------------------------------------------------
3135 MacArthur Plaza LLC filed with the U.S. Bankruptcy Court for
the Western District of Texas, San Antonio Division, a Small
Business Chapter 11 Plan and a corresponding Disclosure Statement
on April 13, 2021.

In 2019, Dollar Tree Stores Inc. stopped paying rent at the space
it leased from Debtor alleging that since Walmart moved, it was
only required to pay the lesser of 1% of the sales and 1/2 of the
rent.  Prior to then, Dollar Tree was paying the incorrect rent and
was advised that the 5-year lease would not be renewed.  The
Chapter 11 case was filed to require Dollar Tree to pay its monthly
rent and for the Debtor to reorganize due to decreased rental
income from Dollar Tree and other tenants not paying rent.

Class 1 consists of the Secured Claim of Bexar County in the amount
of $37,152.  The remaining balance will be paid in June under a
split-payment option.

Class 2 consists of the Secured Claim of Schertz Bank & Trust in
the amount of $2,900,000. The Debtor will make interest-only
payments for 6 months of $10,394 and at the end of the 6 months
will resume regular P & I payments of $17,327.

Class 3 consists of General Unsecured Creditors. This Class will
receive a distribution of 50% of their allowed claims to be
distributed in equal monthly payments of $2,600 per month to be
shared prorate over 5 years.

Interest will be retained by Equity Interest Holders.

Payments and distributions under the Plan will be funded by net
rental income from lease of commercial retail space.

A full-text copy of the Disclosure Statement dated April 13, 2021,
is available at https://bit.ly/32ix4ty from PacerMonitor.com at no
charge.

                    About 3135 MacArthur Plaza

San Antonio, Texas-based 3135 MacArthur Plaza LLC is primarily
engaged in renting and leasing real estate properties.  It is the
fee simple owner of a property located at 3135 Nacadoches Road San
Antonio, Texas, having an appraised value of $3 million.

3135 MacArthur Plaza filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 21-50045) on Jan. 13, 2021.  In its petition, the Debtor
disclosed $3,577,969 in assets and $3,354,501 in liabilities.
Judge Craig A. Gargotta presides over the case.  Malaise Law Firm
serves as the Debtor's bankruptcy counsel.


4-S RANCH: Sandton Credit Says Amended Disclosures Inaccurate
-------------------------------------------------------------
Creditor Sandton Credit Solutions Master Fund IV, LP objects to
approval of the Third Amended Disclosure Statement related to the
proposed Third Amended Plan of Reorganization submitted by Debtor
4-S Ranch Partners, LLC ("4-S" or the "DIP").

Sandton claims that the Third Amended Disclosure Statement filed by
the DIP in support of its proposed Third Amended Plan of
Reorganization fails to include adequate information concerning the
interest rate applicable to Sandton's claim and the current status
of the real property securing Sandton's claim.

Sandton points out that the Third Amended Disclosure Statement
inaccurately describes the interest rate applicable to Sandton's
claim. The inaccurate description and failure to include
information concerning the stipulated interest rate is misleading
to creditors and renders the Third Amended Disclosure Statement
inadequate.

Sandton joins the Objection filed by the U.S. Trustee concerning
the Third Amended Disclosure Statement's failure to include
accurate information concerning the present status of the 4-S
Ranch. This property, and the DIP's ability to monetize the
property and its associated rights, are crucial to the success or
failure of the DIP's plan of reorganization. Accordingly, the Third
Amended Disclosure Statement fails to include adequate information
concerning the status of this property.

A full-text copy of Sandton's objection dated April 13, 2021, is
available at https://bit.ly/2RygEex from PacerMonitor.com at no
charge.

Attorneys for Creditor Sandton:

     WANGER JONES HELSLEY PC
     265 E. River Park Circle, Suite 310
     Fresno, CA 93720
     Telephone: (559) 233-4800
     Facsimile: (559) 233-9330
     Kurt F. Vote
     Steven K. Vote
     E-mail: kvote@wjhattorneys.com
             svote@wjhattorneys.com

                    About 4-S Ranch Partners

4-S Ranch Partners, LLC is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

4-S Ranch Partners filed its voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Cal. Case No. 20-10800) on March
2, 2020.  Stephen W. Sloan, Debtor's managing member, signed the
petition.  At the time of filing, the Debtor was estimated to have
$500 million to $1 billion in assets and $50 million to $100
million in liabilities.  

Judge Rene Lastreto II oversees the case.

Macdonald Fernandez LLP and Klein, DeNatale, Goldner, Cooper,
Rosenlieb & Kimball, LLP serve as the Debtor's bankruptcy counsel
and special counsel, respectively.  The Debtor tapped McGinley &
Associates, Inc. as hydrogeological rebuttal expert witness and
hydrogeological consultant.


4-S RANCH: US Trustee Wants Plan to Update Real Property Status
---------------------------------------------------------------
Tracy Hope Davis, United States Trustee for Region 17, objects to
approval of the Disclosure Statement for the Amended Plan of
Reorganization of Debtor 4-S Ranch Partners, LLC.

On Dec. 9, 2020, the Court entered an Order approving a stipulation
between the Debtor, Stephen Sloan and Sandton Credit Solutions
Master Fund IV, LP resolving stay relief motions with respect to
the Real Property. The Stay Relief Order required payment in full
to Sandton by no later than March 31, 2021.

On April 5, 2021, Sandton filed a status conference report. Sandton
stated that the Debtor did not make payment in any amount to
Sandton by March 31, 2021 and the portion of the Order granting
Sandton relief from stay took effect April 1, 2021. The foreclosure
sale is scheduled for April 29, 2021.

The United States Trustee claims that the Disclosure Statement
fails to provide adequate information about the current status of
the Debtor's Real Property.

The United States Trustee points out that the Debtor should amend
the Disclosure Statement to address how this development affects
the implementation and feasibility of the Plan because monetizing
the Real Property is a lynchpin of the Debtor's Plan.  

A full-text copy of the United States Trustee's objection dated
April 13, 2021, is available at https://bit.ly/3x7MCie from
PacerMonitor.com at no charge.

                    About 4-S Ranch Partners

4-S Ranch Partners, LLC is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

4-S Ranch Partners filed its voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Cal. Case No. 20-10800) on March
2, 2020.  Stephen W. Sloan, Debtor's managing member, signed the
petition.  At the time of filing, the Debtor was estimated to have
$500 million to $1 billion in assets and $50 million to $100
million in liabilities.  

Judge Rene Lastreto II oversees the case.

Macdonald Fernandez LLP and Klein, DeNatale, Goldner, Cooper,
Rosenlieb & Kimball, LLP serve as the Debtor's bankruptcy counsel
and special counsel, respectively.  The Debtor tapped McGinley &
Associates, Inc. as hydrogeological rebuttal expert witness and
hydrogeological consultant.


ADVANCED POWER: Amends Plan to Resolve Ally Bank's Claim Issues
---------------------------------------------------------------
Advanced Power Technologies, LLC, submitted an Amended Disclosure
Statement in support of Amended Chapter 11 Plan of Reorganization
on April 13, 2021.

The Amended Disclosure Statement added the Allowed Secured Claim of
Ally Bank in Class 3 in the approximate amount of $15,737 secured
by a 2017 Dodge Ram 1500 pursuant to the Retail Installment Sale
Contract Simple Finance Charge.  The holder of the Allowed Class 3
Claim shall receive the following treatment upon the Effective
Date: (i) following the Effective Date, the Debtor shall remain
current on its obligations to Ally Bank under the Retail
Installment Sale Contract Simple Finance Charge; and (ii) the
Debtor shall cure 100% of the monetary default under the Retail
Installment Sale Contract Simple Finance Charge as of the Petition
Date (i.e., $1,527) in 6 consecutive and equal monthly payments
without interest commencing in the first full month following the
Effective Date (i.e., approximately $254.45 per month for 6
months).

The Class 3 Claim is impaired.  Accordingly, the holder of the
Allowed Class 3 Claim is entitled to vote to accept or reject the
Plan.  The Debtor submits that the foregoing classification and
treatment provided to Ally Bank in the Plan satisfies the Objection
to Confirmation of Debtor's Chapter 11 Plan of Reorganization filed
by Ally Bank.

The Amended Disclosure Statement does not alter the proposed
treatment for unsecured creditors and the equity holder:

     * Class 3 Allowed Unsecured Claim of Nesco Specialty Rentals,
which asserts a claim of $2.015 million, is impaired.  Nesco will
recover 14.88% of its claims. Following the Effective Date, the
Debtor will cure $300,000 of the monetary default under the Nesco
Agreements as of the Petition Date in 12 quarterly payments without
interest commencing in the first full quarter following the
Effective Date, the Debtor shall make four consecutive quarterly
payments to Nesco in the amount of $20,000, and thereafter, the
Debtor shall make eight consecutive quarterly payments to Nesco in
the amount of $27,500; and the balance of the Allowed Unsecured
Claim of Nesco (i.e., $1,715,533) shall be classified and treated
as an Allowed General Unsecured Claim in Class 7 of this Plan.

     * Class 7 Allowed General Unsecured Claims in the allowed
amount of $4,104,790 are impaired.  Creditors will recover 1.22% of
their claims.  Each holder of Allowed Class 7 Claim shall receive a
Pro Rata distribution of $50,000 in cash provided by the holder of
the Allowed Equity Interests in the Debtor in exchange for said
holder retaining his Equity Interests in the Reorganized Debtor.

     * Class 8 Allowed Equity Interests are impaired.  In exchange
for the $50,000 new value payment to the Class 7 Allowed General
Unsecured Claims, the holder of the Allowed Equity Interests in the
Debtor shall retain his, her or its Equity Interests in the
Reorganized Debtor.

The sources of consideration for distributions under the Plan
include the Debtor's cash on hand as of the Effective Date as well
the future profits of the Reorganized Debtor.  In addition, upon
the Effective Date, the holder of the Debtor's Equity Interests
will remit the $50,000 new value payment to the Debtor's general
bankruptcy counsel, Shraiberg, Landau & Page, P.A., for a pro rata
distribution to the holders of Allowed Class 8 General Unsecured
Claims.

A full-text copy of the Amended Disclosure Statement dated April
13, 2021, is available at https://bit.ly/3wQcqPA from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Bradley S. Shraiberg, Esq.
     Joshua B. Lanphear, Esq.
     SHRAIBERG, LANDAU & PAGE, P.A.
     2385 NW Executive Center Drive, Ste. 300
     Boca Raton, FL 33431
     Telephone: (561) 443-0800
     Facsimile: (561) 998-0047
     E-mail: bss@slp.law
     E-mail: jlanphear@slp.law

               About Advanced Power Technologies

Advanced Power Technologies, LLC --
http://www.advancedpowertech.com/-- offers interior and exterior
lighting, signage, and electrical service needs throughout the
United States and Canada. It works with commercial, hospitality,
industrial, institutional, restaurant, and retail clients to save
energy and reduce operating costs.

Advanced Power Technologies, LLC, based in Pompano Beach, Fla.,
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 20-13304) on
March 11, 2020. In the petition signed by Devin Grandis, president,
the Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  

Judge Peter D. Russin Bradley replaced Judge Paul G Hyman Jr., who
previously oversaw the case.  Bradley S. Shraiberg, Esq., at
Shraiberg Landau & Page PA, serves as the Debtor's bankruptcy
counsel.

The U.S. Trustee was not able to appoint an Official Committee of
Unsecured Creditors for the Debtor.


ALPINE US BIDCO: S&P Assigns 'B-' ICR, Outlook Positive
-------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to the
new parent company, Alpine U.S. Bidco LLC. S&P assigned their 'B'
issue-level rating to the first-lien credit facilities and '2'
recovery rating, indicating the expectations for substantial
(70%-90%, rounded estimate 75%) recovery in the event of a payment
default. S&P assigned their 'CCC+' issue-level rating to the
second-lien term loan and '5' recovery rating, indicating the
expectations for modest (10%-30%, rounded estimate 10%) recovery in
the event of a payment default.

Financial sponsor, Lindsay Goldberg LLC is acquiring U.S.-based
business-to-business baked goods manufacturer, ARYZTA North America
(ANA; legal company name Alpine U.S. Bidco LLC) from parent
company, ARYZTA AG for approximately $850 million.

A new $100 million revolving credit facility due 2026 (undrawn at
close), $325 million first-lien term loan B due 2028, and $125
million second-lien term loan due 2029, along with about $404
million common equity from Lindsay Goldberg and related
co-investors will fund the purchase of the company.

The positive outlook reflects the possibility of an upgrade over
the next 12 months if ANA maintains steady profit and cash flow
improvements absent a slower recovery in macroeconomic conditions
or if the virus worsens, causing away-from-home dining closures.

The ratings reflect ANA's limited track record of improved
operating performance. ARYZTA AG is spinning off ANA and S&P's
based the ratings on preliminary terms and unaudited carve-out
financials (its analysis is subject to review of final
documentation). ANA's revenues and profitability have declined for
the past several years. Its revenues dropped to about $1.4 billion
for the year-ended July 31, 2019, from about $2 billion for the
fiscal-year-ended July 31, 2016. Its adjusted EBITDA fell to about
just over $120 million in fiscal 2019, from more than $300 million
in fiscal 2016. Divestitures along with prior management's
operational missteps and failed acquisition integrations were the
primary drivers for this deterioration. These resulted in lost
business with key customers. Since then, new management refocused
on the company's core business-to-business customers and took
actions to reduce the company's fixed cost base, ultimately
restoring lost business and profitability. Still, the company has
not demonstrated sustained organic revenue growth. For the
fiscal-year-ended July 31, 2020, revenues fell about 12% and EBITDA
dropped approximately 45%. Revenues moderated during the first half
of fiscal 2020 but declined in the second half because of the
pandemic and ensuing closures of restaurants, hurting the company's
quick-service restaurants (QSR) and foodservice customers. Its
retail in-store bakery channel outperformed the others as demand
for at-home food consumption increased. Through the first half of
fiscal 2021 (ended Jan. 31, 2021), revenue declines moderated as
restaurants gradually reopened but still declined 17% and EBITDA
improved substantially from the beginning of the pandemic due to
the reduction of fixed costs. Sustained profit improvements and
continued recovery in the back half of fiscal 2021 is essential for
deleveraging.

Debt leverage is high and sustained EBITDA improvement is necessary
to deleveraging. The company's majority ownership by financial
sponsors may also limit substantial deleveraging. S&P said, "Pro
forma for the proposed transaction, we estimate the company's debt
leverage for the 12-months-ended Jan. 31, 2021, of 8.5x. Higher
leverage reflects the company's weak operating performance for the
past 12 months primarily because of the decline in the foodservice
channel and initial closures in the QSR channel. If the company can
maintain or modestly improve its profitability from the first half
of fiscal 2021 to the second half (ending July 31, 2021), then we
estimate pro forma leverage of 5.6x. We believe this is largely
achievable because of the company's cost actions already in place
and our expectations of continued recovery in the QSR and
foodservice channels. However, if we see further deterioration in
the foodservice segment or a slower recovery, then leverage could
remain in the high-single-digit range."

Following this transaction, financial sponsor, Lindsay Goldberg
will own the majority of the company. The firm is capitalizing this
transaction with more than 45% of common equity, an above-average
equity contribution by sponsors, demonstrating their confidence in
their ability to turnaround the business given their familiarity
with Fresh Start Bakeries (a prior Lindsay Goldberg portfolio
company that was purchased by ANA in 2010). S&P said, "That said,
we also believe the sponsor will likely seek a leveraged dividend
or sale over time. We also expect ANA to seek opportunistic
acquisitions after the spin-off given the fragmented industry. As a
result, we believe leverage could remain more than 5x over the next
several years."

The company's operating profit margins are below average and cash
flow generation will be limited until fiscal 2022. As a result,
deleveraging will depend on the company achieving profitability
improvements from foodservice recovery and sustained improvements
in QSR. S&P said, "We forecast EBITDA margin of 7%-8% for the
fiscal-year-ending July 31, 2021, assuming the first half run-rate
EBITDA for the full year. Margins have gradually recovered with the
company's cost savings actions, but still below historical levels.
We do not expect the company to restore EBITDA margin to above
double-digits for at least a couple more years, depending on the
pace of the foodservice channel recovery. We forecast minimal free
operating cash flow generation for the fiscal-year-ending July 31,
2021, but cash flows should improve in fiscal 2022 with the gradual
recovery in the foodservice channel, continued recovery with QSRs,
and strong high-single-digit growth in the in-store bakery channel.
We forecast at least $20 million in free operating cash flow in
fiscal 2022, after capital expenditures of about $40 million."

The company competes in a large but highly fragmented industry. At
more than $1.2 billion in revenues, ANA is a leading, frozen
business-to-business bakery in North America. The $23 billion
business-to-business baked goods industry is highly fragmented with
key players participating in specific product categories. ANA's key
channels are QSR, foodservice, and retail in-store bakery. Brands
are only 30% of its business under the La Brea Bakery, Otis
Spunkmeyer, and Oakrun Farm brands. The company also retains
well-recognized trade brands such as Cuisine de France, Pennant, La
Francaise Bakery, Gourmet Baker, and Mette Munk. The company
retains leading market positions in business-to-business cookies,
muffins, donuts, and breads in the foodservice channel. Large
competitors include Rich's, FGF Brands, Rise Baking, C.H. Guenther,
and CSM Bakery Solutions. We expect a gradual recovery in the
foodservice channel as consumer mobility increases with higher
vaccination rates. Prior to the pandemic, the away-from-home
channels were growing in the mid-single-digit range. S&P also
expects favorable in-store bakery trends to continue post-pandemic
as consumers seek fresh product offerings and expect
low-single-digit revenue growth in that channel.

ANA has scale and a large manufacturing network that provides it
with a competitive advantage. Since 2018, the company has optimized
its bakery network and currently operates 15 bakeries, down from
22. Its bakeries are located nationally in the U.S. spanning from
the West coast, Midwest, the South, and East coast. It also has
three Canadian facilities. ANA dedicates certain facilities and
production lines to top key customers. This extensive network
provides the company with a competitive advantage because of its
proximity to customer locations, providing lower transportation
costs and ability to service large-scale orders. The company
currently has sufficient capacity for growth. The company also
utilizes third-party logistics companies, which allows for less
costly and more effective distribution and production.

The company has high customer concentration, albeit with large
customers with long-standing relationships. The company's top 10
customers comprise about 70% of the company's revenues and profits.
ANA has long-standing relationships with these customers, averaging
30 years. S&P said, "However, we also acknowledge given the size of
these customers, they have negotiating power and a key credit risk
is any of the large customers choosing other suppliers or changing
their menu offerings. With certain of its top accounts and
products, ANA has multi-year contracts and pass-through mechanisms
for commodity and labor inflation. We believe this somewhat
mitigates the risk of substantial volume losses and cost inflation.
We also acknowledge that ANA's performance will largely depend on
its customers' underlying demand trends and operating performance,
as the company is largely an extension of their supply chains."

The positive outlook reflects the possibility of an upgrade over
the next 12 months if ANA maintains steady profit improvements
through the remainder of fiscal 2021 into fiscal 2022, resulting in
leverage sustained below 6.5x and at least $20 million of free
operating cash flow generation.

S&P believes the company could achieve these upside conditions if:

-- It demonstrates sustained organic revenue growth as a result of
new customer wins and a gradual recovery in the foodservice channel
and near full recovery in the QSR channel because there is no
significant pandemic-induced or economic headwinds, and people
return close to pre-COVID-19 social and spending habits;

-- Operating profits improve because increased volumes; and

-- ANA demonstrates conservative financial policies by not making
large, debt-financed dividends or acquisitions.

S&P said, "We could revise the outlook to stable if we believe
leverage will remain higher than 6.5x and the company's cash flow
profile stays well below $20 million. We could lower the ratings if
ANA's profit deteriorates for the remainder of fiscal 2021 and
profitability recovery is much slower than expected into fiscal
2022, resulting in liquidity constraints or an unsustainable
capital structure."

Potential deterioration in performance or rise in leverage could
result from:

-- The loss of key, large customers because of service issues or
market share losses;

-- An unexpected resurgence of the pandemic because of
vaccine-resistant variants, delayed vaccine rollouts, or vaccines
prove less effective than expected;

-- Depressed demand for food away from home (such as
pandemic-induced hesitancy, substantially higher work-from-home
employment policies, or a material reduction in higher education
enrollment or onsite learning);

-- A meaningful economic downturn; or

-- More aggressive financial policies such as a large,
debt-financed acquisition or dividend.


AME ZION: Trustee Taps Braun Int'l, Premiere Estates as Brokers
---------------------------------------------------------------
Jeffrey Golden, the Chapter 11 trustee for the bankruptcy estate of
Ame Zion Western Episcopal District, seeks approval from the U.S.
Bankruptcy Court for the Eastern District of California to hire
real estate brokers, Braun International Real Estate and Premiere
Estates, Inc.

The trustee requires the services of a broker to sell three real
properties located at 2535 North Vine St., Denver, Colo.; 18695
Bonita Drive, Morgan Hill, Calif.; and 9920 Los Lagos Circle North,
Granite Bay, Calif.  Collectively, the properties are worth more
than $5.16 million.

The brokers will get a 5 percent commission.

Todd Wohl, a partner at Braun International and Premiere Estates,
disclosed in court filings that he and his firms do not represent
any interest adverse to the Debtor's bankruptcy estate.

Mr. Wohl holds office at:

     Todd Wohl
     Braun International Real Estate
     438 Pacific Coast Highway
     Hermosa Beach, CA 90254
     Phone: 866-568-6638
     Email: todd@braunco.com

     -- and --

    Premiere Estates, Inc.
    Phone: (310) 698-3625 x228
    Email: twohl@premiereestates.com
           Info@PremiereEstates.com

             About AME Zion Western Episcopal District

AME Zion Western Episcopal District, a non-profit California
religious organization, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 20-23726) on July 30,
2020. Lewis Clinton, chief operating officer, signed the petition.

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

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

On March 2, 2021, Jeffrey I. Golden was appointed as Chapter 11
trustee for the Debtor's bankruptcy estate. The trustee tapped
David M. Goodrich, Esq., as his legal counsel and Hahn Fife &
Company, LLP as his accountant.


ANGEL'S SQUARE: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Angel's Square, Inc.
        5630 N. Federal Highway
        Fort Lauderdale, FL 33308

Business Description: Angel's Square, Inc. is a Single Asset Real
                      Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).

Chapter 11 Petition Date: April 15, 2021

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 21-13576

Judge: Hon. Peter D. Russin

Debtor's Counsel: Brian S. Behar, Esq.
                  BEHAR, GUTT & GLAZER, P.A.
                  DCOTA, Suite A-350
                  1855 Griffin Road
                  Fort Lauderdale, FL 33004
                  Tel: 305-931-3771
                  E-mail: bsb@bgglaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Fernando D. Gill, registered agent.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

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

https://www.pacermonitor.com/view/4TLCHJY/Angels_Square_Inc__flsbke-21-13576__0001.0.pdf?mcid=tGE4TAMA


AULT GLOBAL: Incurs $32.7 Million Net Loss in 2020
--------------------------------------------------
Ault Global Holdings, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$32.73 million on $23.87 million of total revenue for the year
ended Dec. 31, 2020, compared to a net loss of $32.94 million on
$22.36 million of total revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $75.64 million in total
assets, $26.51 million in total liabilities, and $49.13 million in
total stockholders' equity.

Ault Global said, "The COVID-19 global pandemic has been
unprecedented and unpredictable and is likely to continue to result
in significant national and global economic disruption, which may
adversely affect our business.  Based on the Company's current
assessment, however, the Company does not expect any material
impact on its long-term strategic plans, its operations, or its
liquidity due to the worldwide spread of the COVID-19 virus.
However, the Company is actively monitoring this situation and the
possible effects on its financial condition, liquidity, operations,
suppliers, and industry."

On Dec. 31, 2020, the Company had cash and cash equivalents of
$18,679,848.  This compares with cash and cash equivalents of
$483,383 at Dec. 31, 2019.  The increase in cash and cash
equivalents was primarily due to cash provided by financing
activities with the remaining variance attributed to fluctuations
in exchange rates between the U.S. dollar and the Israeli Shekel.

Net cash used in continuing operating activities totaled
$11,182,225 for the year ended Dec. 31, 2020, compared to
$10,262,733 for the year ended Dec. 31, 2019.  The most significant
change was a decrease in cash provided from payments on accounts
receivable, related party.  During April 2019, the Company received
a payment $2,676,219 and no such payments were received during the
year ended Dec. 30, 2020.  Cash flow from operating activities
during the year ended Dec. 31, 2020 benefited from improved
operating results compared to the prior year period, including
improved gross margins from ceasing the negative margin
cryptocurrency mining operations and lower general and
administrative expenses from lower third-party fees and travel
related costs.

Net cash used in investing activities was $7,783,215 for the year
ended Dec. 31, 2020, compared to $2,851,055 for the year ended Dec.
31, 2019.  The increase of the net usage of cash from investing
activities was primarily attributed to $3,627,534 cash used for the
acquisition of Relec, net of cash acquired, $2,118,411 related
party investments in AVLP and Alzamend, and $1,425,341 related to
the purchase of marketable equity securities.

Net cash provided by financing activities was $37,283,639 and
$12,925,203 for the year ended Dec. 31, 2020 and 2019,
respectively. Net cash provided by financing activities for the
year ended Dec. 31, 2020, primarily related to net proceeds from
the sale of shares of common stock through its at-the-market
offerings, net proceeds from its debt financings, partially offset
by net payments related to advances on future receipts.  Net cash
provided by financing activities for the year ended Dec. 31, 2019,
primarily related to net proceeds from the sale of shares of common
stock through its at-the-market offering, partially offset by net
payments related to its debt financings and advances on future
receipts.

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

https://www.sec.gov/Archives/edgar/data/896493/000121465921004221/ag32421010k.htm

                About Ault Global Holdings, Inc.

Ault Global Holdings, Inc. (fka DPW Holdings, Inc.) is a
diversified holding company pursuing growth by acquiring
undervalued businesses and disruptive technologies with a global
impact.  Through its wholly and majority-owned subsidiaries and
strategic investments, the Company provides mission-critical
products that support a diverse range of industries, including
defense/aerospace, industrial, telecommunications, medical, and
textiles.  In addition, the Company extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.


AVENTURA HOTEL: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 case of Aventura Hotel Properties, LLC, according to court
dockets.
    
                  About Aventura Hotel Properties

Aventura Hotel Properties, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 21-12374) on
March 12, 2021.  Francisco Arocha, manager, signed the petition.
In the petition, the Debtor disclosed assets of between $10 million
and $50 million and liabilities of the same range.  Judge Jay A.
Cristol oversees the case.  Genovese Joblove & Battista, P.A. is
the Debtor's legal counsel.


AVERY ASPHALT: Seeks to Hire PPL Group, ThreeSixty as Auctioneers
-----------------------------------------------------------------
Avery Asphalt, Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the District of Colorado to employ PPL Group,
LLC and ThreeSixty Asset Advisors, LLC.

The Debtors need the firms' assistance to sell personal properties
through public auctions.  These properties include office furniture
and equipment, vehicles, and machinery.

The auctioneers will charge a 12 percent buyer's premium and will
pass on to the buyers any additional points assessed by any
third-party bidding platforms.  They will be paid $53,000 from the
sale proceeds for marketing and labor expenses.

As disclosed in court filings, PPL Group and ThreeSixty do not hold
or represent an interest adverse to the Debtors and their estates.

The firms can be reached through:

     Alex Mazer
     PPL Group, LLC
     105 Revere Drive, Suite C
     Northbrook, IL 60062
     Phone: 224.927.5329
     Email: alex@pplgroupllc.com

     -- and --

     Jeff Tanenbaum
     ThreeSixty Asset Advisors, LLC
     3075 E. Thousand Oaks Blvd.
     Westlake Village, CA 91362
     Phone: 720-704-5400

                       About Avery Asphalt

Avery Asphalt, Inc., a Colorado-based asphalt paving contractor,
and its affiliates filed voluntary petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No.
21-10799) on Feb. 19, 2021.  The affiliates are Avery Equipment
LLC, Avery Holdings LLC, 1401 S. 22nd Avenue LLC, LBLA Ventures
Inc., and Regional Pavement Maintenance of Arizona Inc. (Case Nos.
21-10800, 21-10801, 21-10802, 21-10805 and 21-10808).

At the time of the filing, the Debtors each disclosed total assets
of less than $50,000 and total liabilities of $1 million to $10
million.

Wadsworth Garber Warner Conrardy, PC and 3i Law, LLC serve as the
Debtors' bankruptcy counsel and special counsel, respectively.


BETTEROADS ASPHALT: Files Plan, Says Deal With Lenders Near
-----------------------------------------------------------
Betteroads Asphalt LLC submitted a Plan of Reorganization and a
Disclosure Statement.

The Debtor intends to commence solicitation of votes on the Plan
based on the possibility of reaching an agreement with Banco
Popular de Puerto Rico, Banco Santander Puerto Rico, FirstBank
Puerto Rico and the Economic Development Bank (hereafter
collectively, referred to as the "Lenders").  While the Debtor and
the Lenders have engaged in arms' length negotiations seeking to
resolve their differences and claims, still this agreement has not
been completed. Once completed, the Disclosure Statement, as well
as the Plan will be amended or supplemented to conform with the
covenants to be agreed with the Lenders.

                       Treatment of Claims

Class 1 consists of the secured portion of the claim owed to BPPR,
FirstBank, SFS and EDB on account of the Syndicated Credit Facility
in the aggregate amount of $94,306,956.21. Class 1 is impaired.

Class 2 consists of the secured portion of the claim owed to BPPR
on account its direct credit facility in the aggregate amount of
$19,098,906. Class 2 is impaired.

Class 4 consists of the claim owed to Western Surety Company (CNA).
This creditor has claimed against the Debtor the aggregate amount
of $12,853,074. Class 4 is impaired.

For the treatment of classes 1, 2 and 4, the Debtor and creditors
are still working on a settlement agreement to resolve this claim.
Treatment of this Class will be subject to the terms of a
Settlement Agreement which still is being negotiated.

Class 6 consists of all General Unsecured creditors.  On the
effective date of the plan allowed claimants shall receive from the
Debtor a lump sum payment in the aggregate amount of $______ to be
paid pro-rata among all allowed claimants under this Class.  This
pro-rata distribution will be paid to each allowed general
unsecured claim in a single lump-sum payment to be distributed on
the effective date of the Plan. Class 6 is impaired.

Class 8 consists of all Equity Security Interests of the Debtor.
On the Effective Date, or as soon thereafter as reasonably
practicable, all Betteroads Interests will be extinguished. Class 8
is impaired.

While the Debtor and the Lenders have engaged in arms' length
negotiations seeking to
resolve their differences and claims, still this agreement has not
been completed. Once completed, the Disclosure Statement will be
amended or supplemented to conform with the covenants to be agreed
with the Lenders.

Attorneys for the Debtor:

     LUGO MENDER GROUP, LLC
     Betteroads Asphalt, LLC
     100 Carr 165 Suite 501
     Guaynabo, P.R. 00968-8052
     Tel.: (787) 707-0404
     Fax: (787) 707-0412

     S/ Wigberto Lugo Mender
     Wigberto Lugo Mender
     USDC-PR 212304
     wlugo@lugomender.com

     S/ Alexis A. Betancourt Vincenty
     Alexis A. Betancourt Vincenty
     USDC-PR 301304
     a_betancourt@lugomender.com

A copy of the Disclosure Statement is available at
https://bit.ly/3mJ8gob from PacerMonitor.com.

                    About Betteroads Asphalt
                     and Betterecycling Corp

Betteroads Asphalt LLC produces warm mix asphalt, which is used in
airports, highways, neighborhoods, and environment projects.
Betterecycling Corporation produces gasoline, kerosene, distillate
fuel oils, residual fuel oils, and lubricants.  Both companies are
based in San Juan, P.R.

On June 9, 2017, creditors commenced involuntary bankruptcy
petitions under Chapter 11 of the Bankruptcy Code against
Betteroads Asphalt LLC (Bankr. D.P.R. Case No. 17-04156) and
Betterecycling Corporation (Bankr. D.P.R. Case No. 17-04157).

On Oct. 11, 2019, the court entered the "order for relief" after
finding that the involuntary petitions were not filed for an
improper bankruptcy purpose or with bad faith.

Judge Enrique S. Lamoutte oversees the cases.  The Debtors are
represented by Lugo Mender Group, LLC.


BIOSTAGE INC: Appoints Peter Pellegrino as Interim VP of Finance
----------------------------------------------------------------
Biostage, Inc. has appointed Peter A. Pellegrino Jr. as interim
vice president of finance.

Mr. Pellegrino is currently president of Point Providence
Consulting, a financial consultancy firm that specializes in
working with life sciences companies.  The Company has engaged
Point Providence Consulting, and appointed Mr. Pellegrino as
interim vice president of finance in connection therewith, to
assist with certain finance and accounting functions of the
Company.  In such role, Mr. Pellegrino will be the Company's
principal accounting officer and principal financial officer.

Mr. Pellegrino has not previously held any positions with the
Company and has no family relationship with any directors or
executive officers of the Company.

                        About Biostage

Holliston, Massachusetts-based Biostage, Inc. -- www.biostage.com
-- is a biotechnology company developing bioengineered organ
implants based on the Company's novel Cellframe and Cellspan
technology.  The Company's technology is comprised of a
biocompatible scaffold that is seeded with the recipient's own
cells.  The Company believes that this technology may prove to be
effective for treating patients across a number of life-threatening
medical indications who currently have unmet medical needs.  The
Company is currently developing its technology to treat
life-threatening conditions of the esophagus, bronchus or trachea
with the objective of dramatically improving the treatment paradigm
for those patients.  Since inception, the Company has devoted
substantially all of its efforts to business planning, research and
development, recruiting management and technical staff, and
acquiring operating assets.

Biostage reported a net loss of $4.86 million for the year ended
Dec. 31, 2020, compared to a net loss of $8.33 million for the year
ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had $2.07
million in total assets, $951,000 in total liabilities, and $1.12
million in total stockholders' equity.

Boston, Massachusetts-based RSM US LLP, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
April 13, 2021, citing that the Company has suffered recurring
losses from operations, has an accumulated deficit, uses cash flows
in operations, and will require additional financing to continue to
fund operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


BLACKHAWK NETWORK: Moody's Alters Outlook on B2 CFR to Stable
-------------------------------------------------------------
Moody's Investors Service affirmed Blackhawk Network Holdings,
Inc.'s ratings, including the B2 Corporate Family Rating and B2-PD
Probability of Default Rating. Concurrently, Moody's also affirmed
the company's first lien and second lien credit facilities ratings
at B1 and Caa1, respectively. The outlook was changed to stable
from negative.

The affirmation of the ratings reflects Moody's expectation that
earnings will continue to grow, as the headwinds caused by COVID-19
subside, and Blackhawk will maintain good liquidity, supported by
large cash balances, cash flow generation and revolver
availability. Blackhawk's leading global processing network,
increasingly diversified revenue base and digital card offerings
also support the rating. The outlook was revised to stable due to
the expectation of steady demand for the company's products with
lock-downs winding down and retail locations opening up, along with
growing volumes from the digital channels. In addition, the
expansion of the content portfolio and the expectation that
consumer discretionary spending will grow along with the economy
support the stability of earnings for Blackhawk, in Moody's view.
Moody's expects the U.S. economy to grow 4.7% this year and 5.0% in
2022.

Affirmations:

Issuer: Blackhawk Network Holdings, Inc.

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured 1st Lien Bank Credit Facility, Affirmed B1 (LGD3)

Senior Secured 2nd Lien Bank Credit Facility, Affirmed Caa1
(LGD5)

Outlook Actions:

Issuer: Blackhawk Network Holdings, Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Blackhawk's B2 CFR reflects its high leverage of 6.7x (Moody's
adjusted) as of the last twelve months (LTM) ended September 2020.
The ratings also consider Blackhawk's concentrated business
profile, financial payments (primarily gift cards), with partner
concentration risks in the retail industry. Blackhawk's ratings are
supported by its leading market position as one of the largest
third-party distributors of gift cards globally and its highly
scalable and global processing network. Moody's expects Blackhawk's
operating performance will continue to be supported by long-term
contracts with distribution partners, such as Kroger,
Albertsons/Safeway and Giant Eagle and long-standing relationships
with leading content providers across a variety of retail
categories, including Apple and Amazon.

The stable outlook reflects Blackhawk's good liquidity position and
the expectation that demand for gift cards and incentive offers
from corporates will continue to grow after reaching a trough in
2Q2020 when retail locations were closed and when the company saw
sales decline in the double digits on a year over year basis.
Fourth quarter 2020 sales, when a significant portion of the
company's annual earnings occur, were solid and grew on a
year-over-year basis. Moody's anticipates revenue growth in the low
single-digits in 2021 and 2022, supported by increasing spending by
consumers, a pickup in demand for travel and other products that
were suppressed during the pandemic and contribution from the
acquisitions of SVM Cards and National Gift Card in the incentives
segment. Leverage is expected to decrease towards 6.5x over the
next 12-24 months (Moody's adjusted). EBITDA margin is expected to
be in the 13% area (Moody's adjusted) in the next 12-24 months, and
free cash flow to debt will be around 11%. The outlook also
incorporates the assumption that the company will not undertake any
large debt funded acquisitions or pay out any large distributions
to equity holders.

Ratings on the senior secured credit facilities reflect the overall
probability of default of the company, as indicated by the B2-PD
Probability of Default Rating, and the expected loss of individual
debt instruments. The B1 rating (LGD3) on the senior secured
revolver and 1st lien term loan is one notch above the B2 Corporate
Family Rating (CFR) reflecting the first priority claim on the
assets of the company and loss absorption support from the 2nd lien
facility in a default scenario. The senior credit facilities are
secured by substantially all assets of the company. The Caa1 rating
(LGD5) on the 2nd lien term loan is two notches below the B2 CFR
reflecting the effective subordination to the 1st lien credit
facility.

Blackhawk's liquidity position will remain good over the next 12
months. While the company incurs significant working capital usage
prior to holidays, most notably the end-of-year holiday season,
Blackhawk will be able to fund the outflow with a combination of
cash on hand, which was $783 million at the end of January 2021,
and usage under its $400 million revolver. Revolver usage,
including letters of credit (sublimit of $200 million) with certain
content providers, peaks in November before the large cash inflow
from holiday spend. The company is a cash flow generator with
free-cash-flow to debt in the 11% area and expected to remain in
the low teens area.

The rating also incorporates governance considerations, in
particular Blackhawk's aggressive financial policies under
private-equity ownership, including debt-funded acquisitions and
tolerance for high leverage.

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

The ratings could be upgraded if Moody's expects 1) sustained
earnings growth while maintaining its market position as one of the
largest third-party distributors of gift cards globally; 2) total
debt to EBITDA (Moody's adjusted) remains under 4.5x and free cash
flow above 10.0% of total debt; 3) balanced financial policies; and
4) good liquidity.

The ratings could be downgraded if 1) long-term revenue growth or
margins become pressured by increased competition, lower demand
from consumers or other factors; 2) debt/EBITDA leverage is
expected to remain above 7.0x (Moody's adjusted); 3) free cash flow
to debt is anticipated to approach 3.0%; or 4) the company pursues
aggressive shareholder-friendly financial policies, including
leveraging acquisitions. The rating could also be downgraded if the
liquidity position of the company deteriorates significantly.

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

Blackhawk Network Holdings, Inc. reported around $2.7 billion of
total operating revenues in the year ended December 2020. Based in
Pleasanton, CA, Blackhawk operates a physical and digital gift card
as well as prepaid payments network. In June 2018, Blackhawk was
acquired by Silver Lake Partners and P2 Capital Partners for
roughly $3.5 billion in enterprise value.


BLACKTOP INDUSTRIES: Seeks Cash Collateral Access
-------------------------------------------------
Blacktop Industries, LLC asks the U.S. Bankruptcy Court for the
Western District of Texas, San Antonio Division, for authority to
use cash collateral for payroll and general operating expenses.

The Debtor asserts it is critical to the operation of its business,
and to its reorganization efforts, that it be permitted to pay
these expenses using cash collateral. The Debtors produces revenue
from its traffic products company and would use such revenue to pay
the budgeted expenses. Moreover, the revenue will be deposited by
the Debtor in its DIP operating account pending entry of an order
allowing use of cash collateral or consent by lien holders.

Specifically, the Debtor requests authority to use the cash
collateral to pay up to 110% of each expense in the budget, so long
as the total of cash collateral spent during the month does not
exceed by more than 5% of that month's total.

The Debtor also requests the matter be set for hearing and that,
upon hearing, the Court will enter an Interim Order authorizing the
use of cash collateral.

A copy of the Motion is available for free at
https://bit.ly/3s8Labx from PacerMonitor.com.

                     About Blacktop Industries, LLC

Blacktop Industries LLC -- https://blacktopindustries.net -- is a
family owned and operated traffic products Company based in New
Braunfels, Texas.  The Company sells a full range of traffic
products including: posts, sign hardware, roll up signs, sign
stands, traffic cones, barricades, aluminum sign blanks, rolled
sheeting, and delineators.

Blacktop Industries sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 21-50412) on April 8,
2021. In the petition signed by Cherylan Chappell, president, the
Debtor disclosed $900,869 in assets and $1,472,690 in liabilities.

Judge Ronald B. King oversees the case.

Robert Lane, Esq. at THE LANE LAW FIRM is the Debtor's counsel.



BMSL MANAGEMENT: Seeks to Hire Berger Fischoff as Legal Counsel
---------------------------------------------------------------
BMSL Management, LLC and its affiliates seek authority from the
U.S. Bankruptcy Court for the Eastern District of New York to
employ Berger, Fischoff, Shumer, Wexler, Goodman, LLP as its legal
counsel.

The firm's services include:

     a. advising the Debtor with respect to its powers and duties
in the continued management of its business and property;

     b. representing the Debtor at court hearings on matters
pertaining to its affairs;

     c. assisting the Debtor in the preparation and negotiation of
a plan of reorganization with its creditors;

     d. preparing legal papers; and

     e. other legal services necessary to administer the Debtor's
Chapter 11 case.

The firm's hourly rates are:

     Partners      $450 - $575
     Associates    $315 - $400
     Paralegals    $185

Berger Fischoff will be paid a retainer of $30,000.

Berger Fischoff does not represent any interest adverse to the
Debtor and its bankruptcy estate, according to court papers filed
by the firm.

The firm can be reached through:

     Heath S Berger, Esq.
     Berger, Fischoff, Shumer,
     Wexler & Goodman, LLP
     6901 Jericho Turnpike #230
     Syosset, NY 1179
     Phone: 800-806-1136
     Email: hberger@bfslawfirm.com

                       About BMSL Management

BMSL Management LLC filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 20-43621) on Oct. 14, 2020, disclosing under $1
million in both assets and liabilities.  The Debtor is represented
by Shiryak Bowman Anderson Gill & Kadochnikov, LLP.


BOY SCOUTS OF AMERICA: J&C/TNF Claimants Say Disclosures Inadequate
-------------------------------------------------------------------
The Claimants represented by Jacobs & Crumplar, P.A., and The
Neuberger Firm P.A. (the "J&C/TNF Claimants"), who are survivors of
childhood sexual abuse who each filed a Sexual Abuse Survivor Proof
of Claim, object to the sufficiency and adequacy of the Disclosure
Statement for the Amended Chapter 11 Plan of Reorganization of Boy
Scouts of America and Delaware BSA, LLC.

The J&C/TNF Claimants assert that the Disclosure Statement:

   -- fails to disclose the assets and liabilities of each party
receiving a release:

     * The J&C/TNF Claimants object to the adequacy of the
Disclosure Statement because it fails to provide them with
sufficient information to make an informed decision on whether to
vote to accept or reject the Plan, which proposes a release of all
local councils and may propose a release of charter organizations,
or to raise a Best Interest of Creditors objection.

     * The Disclosure Statement does not provide any property-by
property valuation of the real or personal property that the
Debtors intend to transfer to a settlement trust, or any property
by-property valuation of the real or personal property that the
Debtors seek to retain. The same is true of the Debtors' other
assets, including investments.

     * The Disclosure Statement does not include in its liquidation
analysis the properties of the local councils.

     * The Disclosure Statement and the Plan fail to provide any
property valuation information for a creditor, including the
J&C/TNF Claimants, to determine if each local council is making a
substantial contribution that warrants a release and channeling
injunction.

     * The Disclosure Statement and the Plan do not provide any
property valuation information of any charter organization that
will be released, including any justification by a charter
organization for asserting that an asset is unavailable to pay
creditors, how many childhood sexual abuse claims implicate each
charter organization, and how much each charter organization is
contributing in exchange for a release of such childhood sexual
abuse claims.

     * The J&C/TNF Claimants cannot make an informed decision to
vote to accept or reject the Plan because the Disclosure Statement
does not contain any information about the number of claims against
each local council or charter organization, or any estimate of the
value of such claims.

   -- fails to disclose the specific entities to be released. The
J&C/TNF Claimants object to the adequacy of the Disclosure
Statement and the accompanying solicitation procedures because they
fail to notify creditors, including the J&C/TNF Claimants, which
local council and/or charter organization is associated with their
abuse, whether any such entity will receive a release, and if so,
the terms of the release.

   -- fails to disclose insurance coverage risks. The J&C/TNF
Claimants object to the adequacy of the Disclosure Statement
because it fails to explain the likelihood of defeating the
insurers' coverage defenses or the insurance companies' ability to
pay abuse claims that total billions of dollars.

   -- fails to disclose how insurance policies will be utilized.
The J&C/TNF Claimants are entitled to know how the proceeds of any
policies will be utilized, including whether the proceeds of a
policy that covers a Claimant's claim is being used to pay
administrative expenses, to pay trust administrative and legal
expenses, or to compensate others who do not have a claim covered
under the same policy.

    -- fails to disclose the contribution of insurers and their
insureds. The J&C/TNF Claimants object to the adequacy of the
Disclosure Statement because it fails to explain what contribution
the insurers and their non-Debtor insureds will make in order to
receive a release.

The J&C/TNF Claimants join the objection to the Disclosure
Statement filed by the Tort Claimants' Committee.

A full-text copy of the J&C/TNF Claimants' objection dated April
13, 2021, is available at https://bit.ly/2Q5fIOj from Omni Agent
Solutions, the claims agent.

Counsel to the J&C/TNF Claimants:

     Thomas C. Crumplar, Esq.
     Raeann Warner, Esq.
     Jacobs & Crumplar, P.A.
     750 Shipyard Dr., Suite 200
     Wilmington, DE 19801
     Telephone: (302) 656-5445
     Facsimile: (302) 656-5875
     E-mail: Raeann@jcdelaw.com
             Tom@jcdelaw.com

            - and -

     Thomas S. Neuberger, Esq.
     Stephen J. Neuberger, Esq.
     The Neuberger Firm
     17 Harlech Dr.
     Wilmington, DE 19807
     Telephone: 302-655-0582
     Facsimile: 302-656-5875
     E-mail: tsn@neubergerlaw.com
             sjn@neubergerlaw.com

                   About Boy Scouts of America

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

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

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

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

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020.  The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.


BOY SCOUTS: Locks Law Firm Claimants Say Disclosures Inadequate
---------------------------------------------------------------
The claimants represented by the LOCKS LAW FIRM, who are survivors
of childhood sexual abuse who each filed a Sexual Abuse Survivor
Proof of Claim, object to the sufficiency and adequacy of the
Disclosure Statement for the Amended Chapter 11 Plan of
Reorganization of Boy Scouts of America and Delaware BSA, LLC.

The LOCKS LAW FIRM Claimants assert that the Disclosure Statement:

   -- fails to disclose the assets and liabilities of each party
receiving a release:

     * The Disclosure Statement does not provide any property-by
property valuation of the real or personal property that the
Debtors intend to transfer to a settlement trust, or any property
by-property valuation of the real or personal property that the
Debtors seek to retain.

     * The Disclosure Statement does not include in its liquidation
analysis the properties of the local councils.

     * The Disclosure Statement and the Plan fail to provide any
property valuation information for a creditor, including the LOCKS
LAW FIRM Claimants, to determine if each local council is making a
substantial contribution that warrants a release and channeling
injunction.

     * The Disclosure Statement and the Plan do not provide any
property valuation information of any charter organization that
will be released, including any justification by a charter
organization for asserting that an asset is unavailable to pay
creditors, how many childhood sexual abuse claims implicate each
charter organization, and how much each charter organization is
contributing in exchange for a release of such childhood sexual
abuse claims.

     * The LOCKS LAW FIRM Claimants cannot make an informed
decision to vote to accept or reject the Plan because the
Disclosure Statement does not contain any information about the
number of claims against each local council or charter
organization, or any estimate of the value of such claims.

     * The Disclosure Statement also fails to adequately explain
how any contribution by non-Debtor entities, including local
councils and charter organizations, will be utilized, including
whether their contribution will be used to pay administrative
expenses, to pay trust administrative and legal expenses, or to
compensate others who do not have a claim against that entity.

   -- fails to disclose the specific entities to be released. The
LOCKS LAW FIRM Claimants object to the adequacy of the Disclosure
Statement and the accompanying solicitation procedures because they
fail to notify creditors, including the LOCKS LAW FIRM Claimants,
which local council and/or charter organization is associated with
their abuse, whether any such entity will receive a release, and if
so, the terms of the release.

   -- fails to disclose insurance coverage risks. The LOCKS LAW
FIRM Claimants object to the adequacy of the Disclosure Statement
because it fails to explain the likelihood of defeating the
insurers' coverage defenses or the insurance companies' ability to
pay abuse claims that total billions of dollars.

   -- fails to disclose how insurance policies will be utilized.
The LOCKS LAW FIRM Claimants object to the adequacy of the
Disclosure Statement because it fails to explain how the proceeds
of any insurance policies assigned to the trust will be utilized.

   -- fails to disclose the contribution of insurers and their
insureds. The LOCKS LAW FIRM Claimants object to the adequacy of
the Disclosure Statement because it fails to explain what
contribution the insurers and their non-Debtor insureds will make
in order to receive a release.

The LOCKS LAW FIRM Claimants join the objection to the Disclosure
Statement filed by the Tort Claimants' Committee.

A full-text copy of the LOCKS LAW FIRM Claimants' objection dated
April 13, 2021, is available at https://bit.ly/3uOnnPW from Omni
Agent Solutions, the claims agent.

Counsel to the Locks Law Firm Claimants:

     KASEN & KASEN, P.C.
     Jenny R. Kasen, Esq.
     The Brandywine Building
     1000 N. West Street, Suite 1200
     Wilmington, DE 19801
     Telephone: (302) 652-3300
     Facsimile: (856) 424-7565
     E-Mail: jkasen@kasenlaw.com

         - and -

     LOCKS LAW FIRM
     Jerry A. Lindheim, Esq.
     601 Walnut Street, Suite 720 East
     Philadelphia, PA 19106
     T: 215-893-3421
     M: 215-285-9789
     F: 215-893-3444
     E-Mail: jlindheim@lockslaw.com

                   About Boy Scouts of America

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

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

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

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

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020.  The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.


BRINK'S COMPANY: PAI Purchase No Impact on Moody's Ba2 CFR
----------------------------------------------------------
Moody's Investors Service said The Brink's Company's debt-funded
purchase of Payment Alliance International ("PAI") is a further
expansion for Brink's into the ATM management space and will
provide additional operating scale and profits to its US ATM
business unit. Therefore, Moody's considers the purchase a positive
credit development. However, the purchase price of about $213
million, which is about 6.7 times pre-synergy EBITDA, will be
financed with cash, some of which the company borrowed under its $1
billion revolving credit facility (unrated), so financial leverage
will increase and liquidity will be narrowed in the near term.
Given the balance of positive and negative credit factors, the
ratings, including the Ba2 corporate family rating and Ba3 senior
unsecured rating, as well as the stable outlook, remain unchanged
at this time.

The Brink's Company provides security-related services on a global
basis. Services include cash-in-transit, secure transportation of
valuables, ATM servicing, payment services, guarding and related
logistics. Moody's expects 2021 revenues of over $4 billion.


BROADSTREET PARTNERS: Moody's Affirms B2 CFR Amid Notes Issuance
----------------------------------------------------------------
Moody's Investors Service has affirmed the B2 corporate family
rating and B2-PD probability of default rating of BroadStreet
Partners, Inc. following the announcement that the company is
issuing $325 million of senior unsecured notes, which Moody's has
rated Caa1. The notes are being offered to qualified institutional
investors under Rule 144A of the Securities Act of 1933.
BroadStreet will use net proceeds of the offering to repay a
portion of its senior secured first-lien term loans and repay in
full its $75 million second-lien term loan (unrated) and pay
related fees and expenses. In the same action, Moody's upgraded
BroadStreet's first-lien credit facility ratings to B1 from B2
based on the change in funding mix. The rating outlook for
BroadStreet is negative.

RATINGS RATIONALE

BroadStreet ratings reflect its steady growth in middle market
insurance brokerage, diversification across clients and carriers,
and good EBITDA margins. The company's unique co-ownership model of
acquiring majority interests in large core agencies and allowing
these agencies to retain operational autonomy differentiates it
from other privately held rated brokers. These strengths are
tempered by the company's high financial leverage, the complexity
of its majority/minority ownership structure across many core
agencies, the sizable periodic dividends to noncontrolling
interests, and exposure to errors and omissions, a risk inherent in
professional services.

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

While the proposed borrowing does not increase BroadStreet's
financial leverage, it increases the proportion of unsecured debt
relative to secured debt. This shift in funding mix provides
greater protection to secured creditors, prompting the one-notch
upgrade of the secured credit ratings.

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

Given the negative rating outlook, a rating upgrade for BroadStreet
is unlikely. Factors that could return the outlook to stable
include: (i) debt-to-EBITDA ratio at or below 6.5x, (ii) maintain
(EBITDA – capex) coverage of interest above 1.5x, and (iii)
maintain free-cash-flow-to-debt ratio above 3%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio remaining above 6.5x, (ii) (EBITDA – capex)
coverage of interest below 1.5x, (iii) free-cash-flow ratio below
3%, or (iv) significant decline in revenue and EBITDA.

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

$325 million eight-year senior unsecured notes at Caa1 (LGD6).

Moody's has affirmed the following ratings:

Corporate family rating at B2;

Probability of default rating at B2-PD.

Moody's has upgraded the following ratings:

$250 million first-lien senior secured revolving credit facility
maturing in January 2025 to B1 (LGD3) from B2 (LGD3);

$1.1 billion first-lien senior secured term loan maturing in
January 2027 to B1 (LGD3) from B2 (LGD3);

$225 million first-lien senior secured term loan maturing in
January 2027 to B1 (LGD3) from B2 ( LGD3);

The B1 rating on the $225 million first-lien senior secured term
loan maturing in January 2027 will be withdrawn upon repayment of
term loan.

The rating outlook for BroadStreet remains negative.

Headquartered in Columbus, Ohio, BroadStreet ranked as the
14th-largest US insurance broker based on 2019 revenue, according
to Business Insurance. The company generated total revenue of $799
million for the 12 months through December 2020.

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


BUFFALO SH: Unsecureds Will Recover 100% in Reorganization Plan
---------------------------------------------------------------
Buffalo SH Partner I, LP, submitted an Amended Plan of
Reorganization and a corresponding Disclosure Statement.

The Debtor owns 100% of the membership interests in Ivy Buffalo I,
LLC, a Delaware limited liability company ("Ivy Buffalo").  Ivy
Buffalo in turn owns 50% of the membership interests in Herron
Drive Associates, LLC, a Delaware limited liability company
("Herron").  The other 50% of the membership interests in Herron
are owned by a third-party investor.

Herron owns a student housing property located at 100 Herron Drive,
Amherst, NY called Block20, which has over 190 apartment units.
Block20 is located near the State University of New York at
Buffalo, whose students largely occupy the apartments.

The Debtor maintains that as reflected in a valuation performed by
Cushman & Wakefield, Block20 had a value between $54,030,000 and
$59,430,000 as of August 29, 2019. The Debtor and General Partner
estimate that based on subsequent operational improvements and
other factors, Block20 has a current value in excess of
$60,000,000.

Block20 is encumbered by a mortgage held by Greystone Servicing
Corporation, Inc., on behalf of the Federal National Mortgage
Association ("Fannie Mae"), which secures a mortgage loan with an
outstanding balance of approximately $35,117,000 as of December 31,
2020. The Fannie Mae mortgage loan is current and in good
standing.

Under the Plan, Class 2 General Unsecured Claims are unimpaired and
will recover 100% of their claims.  Unsecured creditors will
receive payment in full, in cash, on the later of (1) the Effective
Date; or (2) the date such general unsecured claim is allowed.

The Plan will be implemented through the use of funds currently in
the possession of the Debtor or to be received by the Debtor prior
to the Effective Date, including, without limitation, the Funding
Payment from the plan sponsor, all as set forth more fully in the
Steady Capital Stipulation.  Ivy Fund Manager, LLC, the 100% owner,
is the Plan Sponsor.

Counsel to the Debtor:

     Jerry L. Switzer, Jr.
     Trinitee G. Green
     Polsinelli PC
     150 N. Riverside Plaza, Suite 3000
     Chicago, IL 60606
     Telephone: (312) 819-1900
     Facsimile: (312) 819-1910
     E-mail: jswitzer@polsinelli.com
             tggreen@polsinelli.com

A copy of the Disclosure Statement is available at
https://bit.ly/3g63BLG from PacerMonitor.com.

                  About Buffalo SH Partner I LP

Buffalo SH Partner I LP owns 100% of the membership interests in
Ivy Buffalo I, LLC, which in turn owns 50% of the membership
interests in Herron Drive Associates, LLC.  The other 50% of the
membership interests in Herron are owned by a third-party investor.
Herron owns a student housing property located at 100 Herron
Drive, Amherst, NY called Block20, which has over 190 apartment
units.  

Buffalo SH Partner I LP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 20-20671) on Nov. 24,
2020.  At the time of the filing, the Debtor estimated assets of
between $10,000,001 and $50,000,000 and liabilities of between
$1,000,001 and $10,000,000.  

Judge Janet S. Baer oversees the case.

Polsinelli PC serves as the Debtor's legal counsel.


CADENCE BANCORPORATION: S&P Places 'BB+' ICR on Watch Positive
--------------------------------------------------------------
S&P Global Ratings placed its 'BB+' long-term issuer credit rating
on Cadence Bancorporation, its 'BBB-' long-term issuer rating on
Cadence Bank, and its 'BB' rating on the parent company's
subordinated debt on CreditWatch with positive implications.

The CreditWatch placement follows Cadence's announcement that it
has entered into an agreement to merge with BancorpSouth Bank
(BBB/Stable/A-2), a $24.1 billion asset bank based in Tupelo,
Miss., in an all-stock transaction.Following the merger, which
management expects to close in fourth-quarter 2021, the resulting
entity will have approximately $44 billion in assets, $29 billion
in loans, and $37 billion in deposits, and operate in about 423
locations across nine states.

S&P said, "The CreditWatch positive reflects our expectation that
we will equalize our ratings on Cadence with those on BancorpSouth
once the merger closes. We could raise the issuer credit ratings by
one notch if we think the company's business line and loan
diversification, asset quality, and loan metrics will meaningfully
improve as a result of the merger. Although capital measures are
likely to decline from Cadence's current high levels, we expect
them to remain adequate and in line with the reduced risk of the
more diversified portfolio. We will also consider whether
integration challenges remain manageable in an upgrade scenario.

"Conversely, we could remove the ratings from CreditWatch if the
merger fails to close, which we do not expect; if we believe loan
performance at the consolidated entity, particularly in the more
loan vulnerable portfolios, will worsen and lead to heightened loan
losses; or if we expect consolidated financial performance to
decline."



CAJUN COMPANY: Seeks to Hire Mickey deLaup as Special Counsel
-------------------------------------------------------------
The Cajun Company, Inc., seeks approval from the U.S. Bankruptcy
Court for the Western District of Louisiana to hire Mickey deLaup,
Esq., an attorney practicing in Metairie, La., as special counsel.

The Debtor needs the attorney's legal assistance in a case styled
Audrey Gaudet v. Asbestos Corporation LTD. et al. (Case No.
2014-2686-M-13).  The case is pending in Orleans Parish Civil
District Court.

Ms. deLaup is not holding any retainer.  The Debtor will not be
paying any of the attorney's fees or expenses.

As disclosed in court filings, Ms. deLaup does not hold interests
adverse to the Debtor or any of its officers and directors.

Ms. deLaup holds office at:

     Mickey S. deLaup, Esq.
     2701 Metairie Road
     Metairie, LA 70001
     Phone: (504) 828-2277
     Fax: (504) 828-2233
     E-mail: mdelaup@delauplawfirm.com

                      About The Cajun Company

The Cajun Company -- http://cajunco.net/-- is a family-owned and
operated business that provides industrial insulation services.

The Cajun Company filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. 21-50174) on
March 26, 2021.  Julia E. Davis, corporate secretary and
comptroller, signed the petition.  At the time of the filing, the
Debtor had estimated assets of less than $50,000 and liabilities of
between $1 million and $10 million.  

Judge John W. Kolwe oversees the case.

The Debtor tapped H. Kent Aguillard, Esq., as bankruptcy counsel;
Neuner Pate and Mickey S. deLaup, Esq., as special counsel;
Darnall, Sikes & Frederick, Inc., as accountant; and Steve Gardes,
an accountant practicing in Lafayette, La., as financial
consultant.


CAREVIEW COMMUNICATIONS: Incurs $11.7 Million Net Loss in 2020
--------------------------------------------------------------
Careview Communications, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K disclosing a net
loss of $11.68 million on $6.46 million of net revenues for the
year ended Dec. 31, 2020, compared to a net loss of $14.14 million
on $6.29 million of net revenues for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $5.50 million in total assets,
$108.76 million in total liabilities, and a total stockholders'
deficit of $103.26 million.

BDO USA, LLP, in Dallas, Texas, the Company's auditor since 2010,
issued a "going concern" qualification in its report dated April 8,
2021, citing that the Company has suffered recurring losses from
operations and has accumulated losses since inception that raise
substantial doubt about its ability to continue as a going
concern.

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

https://www.sec.gov/Archives/edgar/data/1377149/000138713121004274/crvw-10k_123120.htm

                   About CareView Communications

CareView Communications, Inc. -- http://www.care-view.com-- is a
provider of products and on-demand application services for the
healthcare industry, specializing in bedside video monitoring,
software tools to improve hospital communications and operations,
and patient education and entertainment packages.  Its proprietary,
high-speed data network system is the next generation of patient
care monitoring that allows real-time bedside and point-of-care
video monitoring designed to improve patient safety and overall
hospital costs.  The entertainment packages and patient education
enhance the patient's quality of stay. CareView is dedicated to
working with all types of hospitals, nursing homes, adult living
centers and selected outpatient care facilities domestically and
internationally.  The Company's corporate offices are located at
405 State Highway 121 Bypass, Suite B-240, Lewisville, TX 75067.


CASTLE US: Moody's Affirms B3 CFR, Outlook Stable
-------------------------------------------------
Moody's Investors Service affirmed Castle US Holding Corporation's
B3 corporate family rating, B3-PD probability of default rating,
and the Caa2 rating on the issuer's unsecured notes.

Concurrently, Moody's downgraded its rating on Castle's senior
secured credit facilities from B2 to B3. The downgrade of the bank
loan ratings follows the company's announced plan for a $295
million add-on to its senior secured term loan to partially fund
the $450 million purchase of Brandwatch, a provider of digital
consumer intelligence and social media listening software, in a
moderately leveraging transaction (LTM debt/EBITDA increases by
0.5x)[1]. The incremental bank debt and resulting dilution of
first-loss support for Castle's senior secured debt instruments
provided by the company's unsecured bonds prompted this rating
action. The ratings outlook is stable

Moody's affirmed the following ratings:

Corporate Family Rating --B3

Probability of Default Rating --B3-PD

Senior Unsecured Notes due 2028 -- Caa2 (LGD6)

Moody's downgraded the following ratings:

Gtd Sr Sec. 1st Lien Revolving Credit Facility expiring
2025--Downgraded to B3 (LGD3) from B2 (LGD3)

Gtd Sr Sec. 1st Lien Term Loan due 2027--Downgraded to B3 (LGD3)
from B2 (LGD3)

Outlook Action:

Outlook remains Stable

RATINGS RATIONALE

Castle's B3 CFR is constrained by the company's elevated 2020 pro
forma debt/EBITDA of 9x (Moody's adjusted for operating leases).
Debt leverage approximates 8x when including a purchase accounting
related deferred revenue adjustment. Additionally, the issuer's
credit quality is negatively impacted by its relatively limited
scale and exposure to economic cycles, which during the past year
resulted in increased churn and weak top-line trends given Castle's
narrow vertical market focus as a provider of software and related
services to communications professionals globally. The company's
concentrated private equity ownership by an affiliate of Platinum
Equity LLC ("Platinum") presents material corporate governance
risks with respect to potentially aggressive financial strategies,
particularly with respect to incremental dividend distributions and
debt financed acquisitions that could negatively impact credit
protection measures. These risks are partially offset by the
company's solid presence as a provider of solutions within its
target market of clients including public relations agencies, large
multinationals, small and medium businesses, and government
entities. Castle's credit quality is also supported by the
company's largely SaaS driven revenue model and historically strong
retention rates that should produce relatively high revenue
predictability as macroeconomic conditions continue to recover and,
in conjunction with solid profitability metrics, should fuel
improving free cash flow generation.

Following the acquisition, Castle's good liquidity is principally
supported by the company's pro forma cash balance of approximately
$59 million as of December 31, 2020. The company's liquidity is
also bolstered by an undrawn $180 million revolving credit facility
and Moody's expectation that the company will generate free cash
flow over the coming year approximating 3% of total debt. While
Castle's term loans are not subject to financial covenants, the
revolving credit facility has a springing covenant based on a
maximum net first lien leverage ratio of 8x which the company
should be in compliance with over the next 12-18 months.

The stable outlook reflects Moody's expectation that Castle will
generate low-single digit organic revenue growth over the next 12
months. Top line expansion is projected to be principally driven by
a recovery in the company's core Distribution product segment and
incremental product purchases by existing clients within the
company's installed base that should mitigate expected softness in
Software revenue which remains under near term pressure due to
higher customer churn. Ongoing cost rationalization efforts should
fuel margin improvement and result in moderate deleveraging during
this period.

The B3 rating for the senior secured credit facility, comprised of
a revolver maturing in 2025 and term loan maturing in in 2027,
reflects Castle's B3-PD probability of default rating ("PDR") and a
loss given default ("LGD") assessment of LGD3. The rating on the
credit facility is consistent with the CFR. Despite the first lien
bank debt's priority in the collateral and senior ranking in the
capital structure relative to the company's senior unsecured bonds
(rated Caa2), the considerable proportion of secured debt relative
to the unsecured bonds results in only minor and diminished
first-loss support.

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

Although not anticipated in the near future, the rating could be
upgraded if Castle sustains healthy revenue growth and
profitability, successfully integrates recent acquisitions, and
adheres to a conservative financial policy such that debt/EBITDA
(Moody's adjusted) approaches 6.5x, and annual free cash flow to
debt exceeds 5%.

The rating could be downgraded if Castle were to experience a
weakening competitive position, incurs sustained free cash flow
deficits, or the company maintains aggressive financial policies
that meaningfully constrain financial flexibility.

The principal methodology used in these ratings was Software
Industry published in August 2018.

Castle, through its parent company (d/b/a Cision), provides
database tools and software to public relations and communications
professionals. Moody's projects that Castle will generate pro forma
revenue exceeding $850 million in FY21.


CCF HOLDINGS: S&P Withdraws 'CCC' Issuer Credit Rating
------------------------------------------------------
S&P Global Ratings withdrew its 'CCC' issuer credit rating on CCF
Holdings LLC, its 'CCC' rating on the company's senior secured
notes, and its 'CC' rating on the company's payment-in-kind notes
at the company's request. At the time of withdrawal, the outlook
was negative.



CHOATES G. CONTRACTING: Case Summary & 6 Unsecured Creditors
------------------------------------------------------------
Debtor: Choates G. Contracting, LLC
        401 Cooper Landing Road, Suite C-4
        Cherry Hill, NJ 08002

Business Description: Choates G. Contracting is the owner of
                      various single-family homes and rental
                      properties in New Jersey and Pennsylvania
                      having an aggregate current value of $1.63
                      million.

Chapter 11 Petition Date: April 15, 2021

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 21-13085

Debtor's Counsel: Daniel L. Reinganum, Esq.
                  MCDOWELL LAW, PC
                  46 West Main St.
                  Maple Shade, NJ 08052
                  Tel: 856-482-5544
                  Fax: 856-482-5511
                  E-mail: danielr@mcdowelllegal.com

Total Assets: $1,672,000

Total Liabilities: $1,167,600

The petition was signed by Darrell Choates, the managing member.

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

https://www.pacermonitor.com/view/RJDKX4I/Choates_G_Contracting_LLC__njbke-21-13085__0001.0.pdf?mcid=tGE4TAMA


CITY CHURCH: IRS Seeks to Condition Use of Cash Collateral
----------------------------------------------------------
The U.S., on behalf of its agency, the Internal Revenue Service,
asks the U.S. Bankruptcy Court for the Western District of North
Carolina, Charlotte Division, to require City Church to provide
adequate protection in connection with the Debtor's use of cash
collateral or, alternatively, to continue to prohibit the Debtor
from using cash collateral unless monthly payments are made to IRS
and other adequate protection is provided.

On March 30, 2021, the Court entered an Order imposing various
obligations on the Debtor. Among the obligations stated in the
Order was: "To the extent that a secured creditor has a lien on
cash or its equivalent in the Debtor's possession, the Debtor shall
not use cash collateral as defined by 11 U.S.C. section 363 unless
each entity that has an interest in such cash collateral consents
or the Court, after notice and hearing, authorizes such use, sale,
or lease in accordance with the provisions of 11 U.S.C. section
363."

On April 8, 2021, IRS filed a claim for federal taxes which
consists of a secured claim of $78,025.77, a priority claim of
$7,812.48, and an unsecured general claim of $26,850.08.

IRS filed a prepetition Notice of Federal Tax Lien. IRS contends
that, due to the filing of the notice, the federal tax lien is
secured against all of the Debtor's assets, including but not
limited to, real and personal property.

Due to the secured status of the United States, IRS requests
monthly adequate protection payments of $1,402 with respect to the
Debtor's equity in property.  In addition, the Debtor must also
provide proof of federal payroll tax deposits to the Internal
Revenue Service, D. L. Harris, 4905 Koger Blvd., Suite 102 MS 9,
Greensboro, NC 27407.

A copy of the motion is available at https://bit.ly/3dThQ3G from
PacerMonitor.com.

                     About City Church

City Church owns a church facility located at 11901 Sam Furr Road,
Huntersville, NC having a comparable sale value of $8.6 million.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Court (Bankr. W.D. N.C. Case No. 21-30161) on March 27,
2021. In the petition signed by Michael A. Stevens, Sr., senior
pastor, the Debtor disclosed $8,654,616 in assets and $6,953,375 in
liabilities.

Judge Laura T. Beyer oversees the case.

Robert Lewis, Jr., Esq. at THE LEWIS LAW FIRM, P.A. is the Debtor's
counsel.

The U.S. Internal Revenue Service is represented by:
     
     Assistant U.S. Attorney James Sullivan, Esq.
     227 West Trade Street
     Carillon Building, Suite 1650
     Charlotte, NC 28202
     Tel: 704-344-6222
     Fax: 704-344-6629
     E-mail: JAMES.SULLIVAN2 @USDOJ.GOV



CLEARPOINT CHEMICALS: Seeks to Hire Munsch Hardt as Special Counsel
-------------------------------------------------------------------
Clearpoint Chemicals, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Alabama to hire Munsch, Hardt,
Kopf & Harr, P.C. as its special counsel.

The Debtor requires legal assistance in a mediation with Integrity
Applied Science, Inc. and James River Insurance Company and in
drafting a settlement agreement that may result from the mediation.


The Debtor is a defendant in a pre-bankruptcy civil action styled
James River Insurance Company v. Clearpoint Chemicals, LLC and
Integrity Applied Science, Inc. (Case No. 4-20-00761-O) filed in
the U.S. District Court for the Northern District of Texas, Fort
Worth Division.  This action seeks a declaratory judgment that
James River is not obligated to defend or indemnify the Debtor in a
lawsuit brought by Integrity against the Debtor in the federal
district court in Denver.

Michael Huddleston, Esq., is the attorney at Munsch Hardt who will
be providing the services.  His hourly rate is $650.

Mr. Huddleston disclosed in court filings that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

Munsch Hardt can be reached through:

     Michael W. Huddleston, Esq.
     Munsch, Hardt, Kopf & Harr, P.C.
     500 N. Akard Street, Suite 3800
     Dallas, TX 75201-6659
     Tel: 214-855=7572
     Email: mhuddleston@munsch.com

                    About Clearpoint Chemicals

Clearpoint Chemicals, LLC operates in the specialty chemical
services industry.  It develops customer-specific chemical
solutions, provides in-house last mile logistics, and delivers
on-site application and management, and continued communication and
project assessment services.

Clearpoint Chemicals sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ala. Case No. 20-12274) on Sept. 29,
2020.  At the time of the filing, the Debtor disclosed assets of
between $10 million and $50 million and liabilities of the same
range.

Judge Jerry C. Oldshue oversees the case.  

The Debtor tapped Silver, Volt & Garrett as its bankruptcy counsel.
R. Tate Young, Esq., an attorney practicing in Houston, and
Michael W. Huddleston, Esq., of Munsch, Hardt, Kopf & Harr, P.C.
serve as the Debtor's special counsel.


CMC II: Modcomp Inc. Appointed to Creditors' Committee
------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 on April 14 appointed Modcomp,
Inc. as new member of the official committee of unsecured creditors
in the Chapter 11 cases of CMC II, LLC and its affiliates.

Meanwhile, Medline Industries, Inc. is no longer a member of the
committee.  

As of April 14, the members of the committee are:

     1. Angela Ruckh
        c/o Silvija A. Strikis, Esq.
        Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C.
        Phone: (202) 326-7900
        Fax: (202) 326-7999
        E-mail: sstrikis@kellogghansen.com

     2. Modcomp, Inc., dba CSPi Technology Solutions
        Attn: Michael Newbank
        VP Finance and Chief Accounting Officer
        1182 E Newport Center Drive
        Deerfield Beach, FL 33442
        Phone: (954) 571-4603
        E-mail: mike.newbanks@cspi.com

     3. Sharon Ann Outwater
        c/o: Wilkes & Associates, P.A.
        One N. Dale Mabry, Suite 800
        Tampa, FL 33609
        Phone: (813) 873-0026
        Fax: (813) 286-8820
  
                         About CMC II LLC

CMC II, LLC, 207 Marshall Drive Operations, LLC and 803 Oak Street
Operations LLC are part of a group of Consulate Health care
corporate affiliates that manage and operate 140 skilled nursing
facilities.

CMC II provides management and support services to approximately
140 SNFs, each of which is operated by an affiliate under the
common ownership of non-debtor LaVie Care Centers, LLC, doing
business as Consulate Health Care. 207 Marshall operates Marshall
Health and Rehabilitation Center, a 120-bed SNF located in Perry,
Fla., while 803 Oak Street operates Governor's Creek Health and
Rehabilitation, a 120-bed SNF located in Green Cove Springs, Fla.

On March 1, 2021, CMC II, 207 Marshall, 803 Oak Street and three
inactive affiliates sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 21-10461).  As of the bankruptcy filing, CMC II had
between $100 million and $500 million in both assets and
liabilities.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Chipman Brown Cicero & Cole, LLP, as legal
counsel and Alvarez & Marsal North America, LLC as restructuring
advisor.  Stretto is the claims agent and administrative advisor.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee of unsecured creditors in the Debtors' Chapter 11 cases.
The committee is represented by Porzio, Bromberg & Newman, P.C.


COSMOS HOLDINGS: Swings to $820,786 Net Income in 2020
------------------------------------------------------
Cosmos Holdings Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing net income of
$820,786 on $55.41 million of revenue for the year ended Dec. 31,
2020, compared to a net loss of $3.30 million on $39.68 million of
revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $43.84 million in total
assets, $48 million in total liabilities, and a total stockholders'
deficit of $4.16 million.

San Francisco, California-based Armanino LLP, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated April 15, 2021, citing that the Company has suffered
recurring losses from operations and has a net accumulated deficit
that raises substantial doubt about its ability to continue as a
going concern.

As of Dec. 31, 2020, the Company had working capital of $5,979,870
versus a working capital deficit of $7,062,250 as of Dec. 31, 2019.
This increase in the working capital surplus is primarily
attributed to the Company's operating profit in the year ending as
of Dec. 31, 2020.

As of Dec. 31, 2020, the Company had net cash of $628,395 versus
$38,537 as of Dec. 31, 2019.  For the twelve months ended Dec. 31,
2020, net cash used in operating activities was $11,501,718 versus
$4,788,842 net cash used in operating activities for the twelve
months ended Dec. 31, 2019.  The Company has devoted substantially
all of its cash resources to apply its investment program to expand
through organic business growth and, where appropriate, the
execution on selective company and license acquisitions, and
incurred significant general and administrative expenses to enable
it to finance and grow its business and operations.

During the year ended Dec. 31, 2020, there was $117,744 net cash
used in investing activities versus $588,929 used in during the
year ended Dec. 31, 2019.  In the year ending Dec. 31, 2020 this
was due to the purchase of fixed assets.  In the year ending Dec.
31, 2019, this was due to proceeds from the sale of investments
offset by the purchase of fixed assets.

During the year ended Dec. 31, 2020, there was $12,460,541 of net
cash and cash equivalents provided by financing activities versus
$3,587,330 provided by financing activities during the year ended
Dec. 31, 2019.

Cosmos said, "We believe that our current cash in our bank account
and working capital as of December 31, 2020 will satisfy our
estimated operating cash requirements for the next twelve months.
However, the Company will require additional financing in fiscal
year 2021 in order to continue at its expected level of operations
and potential acquisitions.  If the Company is unable to raise
additional funds in the future on acceptable terms, or at all, it
may be forced to curtail its development activities.

"We anticipate using cash in our bank account as of December 31,
2020, cash generated from the operations of the Company and its
operating subsidiaries and from debt or equity financing, or from
loans from management, to the extent that funds are available to do
so to conduct our business in the upcoming year.  Management is not
obligated to provide these or any other funds."

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

https://www.sec.gov/Archives/edgar/data/1474167/000147793221002377/cosm_10k.htm

                    About Cosmos Holdings

Cosmos Holdings Inc. is a multinational pharmaceutical wholesaler.
The Company imports, exports and distributes pharmaceutical
products of brand-name and generic pharmaceuticals,
over-the-counter (OTC) medicines, and a variety of dietary and
vitamin supplements.  Currently, the Company distributes products
mainly in the EU countries via its two wholly owned subsidiaries
SkyPharm SA and Decahedron Ltd.


CROWNROCK LP: S&P Rates $400MM Senior Unsecured Debt 'BB-'
----------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating to
U.S.-based exploration and production company CrownRock L.P.'s $400
million senior unsecured debt offering. The recovery rating on this
debt is '2', indicating its expectation for substantial (70%-90%;
rounded estimate: 85%) recovery of principal for creditors in the
event of a payment default.

S&P said, "We expect the company to distribute the proceeds from
this debt to its holding company (CrownRock Holdings L.P.) in order
to redeem approximately $396 million of its outstanding preferred
stock and pay associated transaction expenses.

"Our 'B+' long-term issuer credit rating and stable outlook on
CrownRock remain unchanged."



DGWB VENTURES: Wins Cash Collateral Access Thru April 21
--------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Santa Ana Division, has authorized DGWB Ventures, LLC to use cash
collateral on an interim basis through April 21, 2021.

The Debtor is authorized to use cash collateral in accordance with
the budget with a 20% variance.

As adequate protection for the Debtor's use of cash collateral,
Citizens Business Bank is granted a replacement lien on all assets
to which the Bank's prepetition lien would have attached but for
the filing of the Debtor's bankruptcy petition, with the same
validity, priority and extent as to the Bank's prepetition lien,
but not on any claims for relief under 11 U.S.C. sections 506(c),
544-545, 547-549, 553(b) or 724(a), or any proceeds thereof.

A hearing on the matter is scheduled for April 21 at 10 a.m.

A copy of the order is available for free at https://bit.ly/2Qomf6Q
from PacerMonitor.com.

                   About DGWB Ventures, LLC

DGWB Ventures, LLC is a Single Asset Real Estate debtor (as defined
in 11 U.S.C. Section 101(51B)). The Company is the owner of a fee
simple title to a property located at 217 N Main St Santa Ana,
California, with an appraised value of $7.3 million.

DGWB Ventures filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 21-10017) on
Jan. 6, 2021.  Jon Ernest Gothold, manager, signed the petition. At
the time of filing, the Debtor disclosed total assets of $8,227,212
and total liabilities of $4,865,714.  

Judge Theodor C. Albert oversees the case.  

Snell & Wilmer LLP serves as the Debtor's counsel.



DISCOVERY DAY: Seeks to Hire Noack and Co. as Accountant
--------------------------------------------------------
Discovery Day Academy II, Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ Noack
and Co. as its accountant.

The Debtor requires an accountant to prepare and file its annual
tax return for 2020.

Noack and Co. will bill $275 per hour for the services of its
certified public accountants and $125 per hour for the services
provided by senior level staff.  A fixed rate of $95 will be
charged by the firm for assistance with Quickbooks and basic
accounting.

Andrea Dillon, tax manager at Noack and Co., disclosed in a court
filing that the firm is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code.

Noack and Co. can be reached through:

     Andrea Dillon, CPA
     Noack and Co.
     1910 Park Meadows Dr Ste 101
     Fort Myers, FL, 33907-3830
     Phone: (239) 936-6144


                  About Discovery Day Academy II

Discovery Day Academy II Inc. is an independent private school
located in Bonita Springs. Founded in 2006, Discovery Day Academy
has developed The Discovery Method, a project-based learning model,
with an emphasis on children ages two to eight years.

Discovery Day Academy II filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
20-04183) on May 29, 2020.  Discovery Day President Elizabeth A.
Garcia signed the petition.  At the time of the filing, the Debtor
disclosed $5,500,000 and $6,050,389 in liabilities.

Judge Caryl E. Delano oversees the case.  

The Debtor tapped Dal Lago Law as its legal counsel and Noack and
Co. as its accountant.


ENVEN ENERGY: S&P Alters Outlook to Stable, Affirms 'B-' ICR
------------------------------------------------------------
S&P Global Ratings revised its outlook on U.S.-based oil and gas
exploration and production (E&P) company EnVen Energy Corp. to
stable from negative and affirmed its 'B-' issuer credit rating. At
the same time, S&P affirmed its 'B+' issue-level rating to the
company's new second-lien notes. The recovery rating on this debt
is '1'.

The stable outlook reflects S&P's expectation that EnVen's credit
measures will strengthen such that funds from operations (FFO) to
debt will average approximately 30% and debt (including adjustments
for preferred equity and asset retirement obligations) to EBITDA
will be in the 2.5x area over the next two years, and the company
will generate positive free cash flow.

The outlook revision primarily reflects the company's recent
second-lien notes offering and our expectation that it will
successfully extend the maturity of its RBL facility by two years
to 2024, with a reduction in the borrowing base to $165 million
from $225 million. The company intends to use proceeds from the
2026 notes offering to repay in full the remainder of its $325
million second-lien notes maturing in 2023. The new notes are
priced at a yield of nearly 13% and carry at 10% annual
amortization. These transactions improve the company's maturity
profile and support liquidity.

S&P said, "The outlook revision also reflects our view that the
company's credit measures will improve relative to our prior
expectations. Based on our revised oil price assumptions, we now
expect EnVen to realize much higher oil prices, while maintaining
modest capital spending. Therefore, we project the company's FFO to
debt will improve to approximately the 30% range this year.
Moreover, we expect the company to generate modestly positive
discretionary cash over the next two years."

Upside on the credit rating is limited primarily by the company's
small, concentrated reserves and production base and risky nature
of its offshore oil and gas operations. This is somewhat offset by
the company's above-average profitability, due in part to the
higher proportion of oil in its mix. While the company has been
able to make progress on increasing its reserves through sidetrack
projects (wherein a secondary wellbore is drilled away from the
original discovery well), the company has historically relied
primarily on acquisitions from the majors and large independent oil
companies to drive growth. S&P said, "Moreover, we view EnVen's
focus on five fields as entailing a higher degree of risk given the
high asset concentration and the challenges of offshore operations,
which can be affected by storm-related shut-ins. Still, the
company's average decline curve remains modest on a relative basis
at 15%, and it has a relatively high percentage of proved developed
reserves at 82% as of Dec. 31, 2020. We view both these factors
favorably from a credit perspective."

S&P said, "The stable outlook reflects our expectation that EnVen's
credit measures will strengthen such that FFO to debt will average
approximately 30% and debt (including adjustments for preferred
equity and asset retirement obligations) to EBITDA in the 2.5x area
over the next two years, while the company generates positive free
operating cash flow.

"We could downgrade EnVen if we expect the company's capital
structure has become unsustainable. This would most likely occur if
commodity prices were to weaken and the company did not reduce
capital spending, or if the company does not meet our production
expectations. Additionally, we could lower ratings if liquidity
materially weakens potentially through a further reduction in its
borrowing base.

"We could upgrade EnVen if the company were to meaningfully
increase the size and scale of its reserves and production to
levels more consistent with higher-rated peers. This would most
likely occur through an acquisition completed on a leverage neutral
basis."


FENCEPOST PRODUCTIONS: Court Approves Disclosure Statement
----------------------------------------------------------
Judge Dale L. Somers has entered an order approving the Disclosure
Statement of debtors Fencepost Productions, Inc., Old Dominion
Apparel Corporation, and NPB Company, Inc.

The objection of BMS Management, Inc., BMS Logistics, Inc., and
Related Shareholders to Debtors' Amended Joint and Consolidated
Disclosure Statement is the sole response and opposition to the
Amended Disclosure Statement (the Subordinated Creditors
Objection"). Subsequent to the filing of the Subordinated Creditors
Objection, the Court issued its decision on the issues and matters
in dispute between Debtors and the group of subordinated creditors
(described as the "BMS Group") in the Memorandum Opinion and Order
Overruling Debtors' Objections to Proofs of Claim filed by the BMS
Group and Granting in Part and Denying in Part Debtors' Omnibus
Motion to (A) Disqualify Votes of Subordinated Creditors, (B)
Designate Plan Rejection, (C) Invalidate Unsigned Ballots, and (D)
Strike Plan/Disclosure Statement Objection (the "Memorandum Opinion
and Order") on March 31, 2021. In the Memorandum Opinion and Order,
the Court held that "prudential considerations bar the members of
the BMS Group from exercising their rights to vote against
confirmation and to challenge specific aspects of Debtors' Plan
which do not directly impact their financial interests . . . .
Because the BMS Group lacks standing to participate in the Plan
confirmation process, their ballots and objections to the
disclosure statement and to the Plan will not be considered." The
Court therefore concluded that "prudential standing principles
preclude the BMS Group from participating in the disclosure
statement and Plan confirmation process."

In response to the Court's inquiry, counsel for the Debtors stated
that the use of the word "Consolidated" in the title of the Amended
Disclosure Statement is misleading and the Amended Disclosure
Statement is filed on behalf of each of the Debtors in these three
jointly administered cases.

                    About Fencepost Productions

Fencepost Productions, Inc. -- http://www.fencepostproductions.com/
-- is a designer and distributor of men's, women's, and youth
outdoor apparel under its brands Staghorn River, Willow Trails, and
Northern Outpost.

Fencepost Productions and its affiliates, NPB Company Inc. and Old
Dominion Apparel Corporation, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Kan. Lead Case No. 19-41545) on Dec.
18, 2019.  At the time of the filing, Fencepost Productions was
estimated to have $1 million to $10 million in assets and $10
million to $50 million in liabilities.  Judge Dale L. Somers
oversees the cases.

The Debtor has tapped Mcdowell Rice Smith & Buchanan as its legal
counsel and Hovey Williams, LLP, as its special counsel.


FIELDWOOD ENERGY: Court Gives Clearance to Seek Plan Votes
----------------------------------------------------------
Leslie A. Pappas of Bloomberg Law reports that Fieldwood Energy LLC
won bankruptcy court approval of its disclosure statement, allowing
the offshore oil driller to solicit votes for its Chapter 11 plan.

The restructuring plan would allow the company to recapitalize
debt, preserve 1,000 jobs, and continue to operate its assets in
the Gulf of Mexico as going concerns, according to the company's
disclosure statement.  The Plan will also set aside money for
Fieldwood to meet its obligations to plug and decommission
abandoned wells.

Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas approved the amended disclosures after a hearing
Wednesday, April 14, 2021.

                       About Fieldwood Energy

Fieldwood Energy -- https://www.fieldwoodenergy.com/ -- is a
portfolio company of Riverstone Holdings focused on acquiring and
developing conventional assets, primarily in the Gulf of Mexico
region.  It is the largest operator in the Gulf of Mexico owning an
interest in approximately 500 leases covering over two million
gross acres with 1,000 wells and 750 employees.  

Fieldwood Energy and its 13 affiliates previously sought Chapter 11
protection (Bankr. S.D. Texas Lead Case No. 18-30648) on February
5, 2018, with a prepackaged plan that would deleverage $3.286
billion of funded debt by $1.626 billion.

On August 3, 2020, Fieldwood Energy and its 13 affiliates again
filed voluntary Chapter 11 petitions (Bankr. S.D. Tex. Lead Case
No. 20-33948).  Mike Dane, senior vice president, and chief
financial officer signed the petitions.

At the time of the filing, the Debtors estimated $1 billion to $10
billion in both assets and liabilities.

Judge David R. Jones oversees the cases.

The Debtors tapped Weil, Gotshal & Manges LLP as their legal
counsel, Houlihan Lokey Capital, Inc. as an investment banker, and
AlixPartners, LLP as financial advisor. Prime Clerk LLC is the
claims, noticing, and solicitation agent.

The first-lien group employed O'Melveny & Myers LLP as its legal
counsel and Houlihan Lokey Capital, Inc. as its financial advisor.
The RBL lenders employed Willkie Farr & Gallagher LLP as their
legal counsel and RPA Advisors, LLC as their financial advisor.

Meanwhile, the cross-holder group tapped Davis Polk & Wardwell LLP
and PJT Partners LP as its legal counsel and financial advisor,
respectively.

On August 18, 2020, the Office of the U.S. Trustee appointed a
committee of unsecured creditors.  Stroock & Stroock & Lavan,
LLPand Conway MacKenzie, LLC serve as the committee's legal counsel
and financial advisor, respectively.


GIRARDI & KEESE: Los Angeles Office Building Is in Escrow
---------------------------------------------------------
Law360 reports that Girardi Keese's main office building in Los
Angeles is in escrow after being listed for $7.5 million, a
bankruptcy trustee said Tuesday, April 13, 2021, in a court filing.


The 16,680-square-foot building on Wilshire Boulevard near the
city's downtown Financial District is one of two conjoined
buildings that comprised the firm's office space. The final sale
price and the identity of the buyer have not been disclosed, though
the buyer has reportedly expressed interest in also buying the
firm's furniture. Trustee Elissa Miller of SulmeyerKupetz PC, who
is liquidating the storied law firm, told a bankruptcy judge in a
status update Tuesday, April 13, 2021.

                      About Girardi & Keese

Girardi and Keese or Girardi & Keese was a Los Angeles-based law
firm founded in 1965 by lawyers Thomas Girardi and Robert Keese. It
served clients in California in a variety of legal areas.  It was
known for representing plaintiffs against major corporations.

An involuntary Chapter 7 petition (Bankr. C.D. Cal. Case No.
20-21022) was filed in December 2020 against GIRARDI KEESE by
alleged creditors Jill O'Callahan, Robert M. Keese, John Abassian,
Erika Saldana, Virginia Antonio, and Kimberly Archie.

The petitioners' attorneys:

         Andrew Goodman
         Goodman Law Offices, Apc
         Tel: 818-802-5044
         E-mail: agoodman@andyglaw.com

Elissa D. Miller, a member of the firm SulmeyerKupetz, has been
appointed as Chapter 7 trustee.

The Chapter 7 trustee can be reached at:

         Elissa D. Miller
         333 South Grand Ave., Suite 3400
         Los Angeles, California 90071-1406
         Telephone: 213.626.2311
         Facsimile: 213.629.4520
         E-mail: emiller@sulmeyerlaw.com


GIRARDI & KEESE: Trustee Selects Firm to Locate Erika's Valuables
-----------------------------------------------------------------
Law360 reports that the bankruptcy trustee liquidating embattled
attorney Tom Girardi's personal property is seeking to tap a Los
Angeles law firm to hunt down money and valuables held by his wife,
Erika, saying the "Real Housewives of Beverly Hills" star may have
taken community property or given it to others. Trustee Jason Rund
of Sheridan & Rund PC said in a court filing Tuesday, April 13,
2021, night that Abir Cohen Treyzon & Salo LLP would be tasked with
finding whether Erika Girardi has anything that could be used to
pay ex-clients, vendors, businesses and lawyers who have filed
claims for millions of dollars against her.

                        About Girardi & Keese

Girardi and Keese or Girardi & Keese was a Los Angeles-based law
firm founded in 1965 by lawyers Thomas Girardi and Robert Keese. It
served clients in California in a variety of legal areas.  It was
known for representing plaintiffs against major corporations.

An involuntary Chapter 7 petition (Bankr. C.D. Cal. Case No.
20-21022) was filed in December 2020 against GIRARDI KEESE by
alleged creditors Jill O'Callahan, Robert M. Keese, John Abassian,
Erika Saldana, Virginia Antonio, and Kimberly Archie.

The petitioners' attorneys:

         Andrew Goodman
         Goodman Law Offices, Apc
         Tel: 818-802-5044
         E-mail: agoodman@andyglaw.com

Elissa D. Miller, a member of the firm SulmeyerKupetz, has been
appointed as Chapter 7 trustee.

The Chapter 7 trustee can be reached at:

         Elissa D. Miller
         333 South Grand Ave., Suite 3400
         Los Angeles, California 90071-1406
         Telephone: 213.626.2311
         Facsimile: 213.629.4520
         E-mail: emiller@sulmeyerlaw.com


GLOW HOSPITALITY: Final Cash Collateral Hearing Moved to April 20
-----------------------------------------------------------------
Judge Michael E. Ridgway of the U.S. Bankruptcy Court District of
Minnesota has continued to April 20 the hearing to consider Glow
Hospitality, LLC's use of cash collateral on a final basis.  The
hearing is set for 11 a.m.

Glow Hospitality previously sought and obtained entry of an order
authorizing the use of cash collateral on an interim basis through
April 15 in accordance with the budget.

The Debtor has entered into a Stipulation for Interim Use of Cash
Collateral with Pender East Credit 1 REIT L.L.C. and Pender Capital
Asset Based Lending Fund I, LP.

The parties agree that on June 28, 2019, the Debtor executed a
promissory note payable to the order of Pender East in the original
principal amount of $3,650,000.  The Loan evidenced by a Loan
Agreement dated June 28, 2019 and secured by a Combination
Mortgage, Assignment of Rents, Security Agreement and Fixture
Filing dated June 28, 2019 and recorded on July 1, 2019 in the
office of the Beltrami County Recorder as Document No. A000581152
whereby the Debtor granted Pender East a mortgage on real property
located at 2422 Ridgeway Ave NW, Bemidji, MN as more fully set
forth in the Mortgage. The Debtor operates a hotel on the Real
Property.

The Mortgage also granted Pender East a first-priority security
interest in all of the Debtor's furniture, fixtures, equipment,
machinery, accounts, income, profits and revenue from any business
conducted on the Real Property, rents, rights to payment, contract
rights, chattel paper, general intangibles, and all additions,
accessions, replacements and proceeds of the foregoing as more
fully set forth in the Mortgage.

Pender East perfected its first-priority security interest in the
Personal Property by filing a UCC financing statement, filing no.
1091286400030 on July 2, 2019.

On December 15, 2020, Pender East transferred and assigned its
rights under the Loan Agreement, Note, Mortgage. Financing
Statement and other ancillary loan documents to Pender Capital. The
Assignment of the Mortgage to Pender Capital was recorded with the
Beltrami County Recorder's Office on February 2, 2021 as Document
No. A000596166. The assignment of the Financing Statement to Pender
Capital was recorded in the Beltrami Recorder's Office on February
1, 2021 as Document No. A000596147. Additionally, the UCC3 -
Assignment of the Financing Statement was filed in the Minnesota
Secretary of State's Office on January 25, 2021 as File No.
1212759700497.

Pender holds validly perfected and enforceable liens on and
security interests in the Collateral.

As of the Filing Date, the Debtor owed Pender the principal amount
of $3,650,000 plus interest, for a total of $4,157,193.07. The
Indebtedness does not include account attorneys' fees, costs, and
expenses incurred which are provided for under the Loan Agreement.

These events constitute Events of Default:

    A. Failure of the Debtor to timely: (i) comply with any
obligation contained in this Stipulation; (ii) properly maintain
and repair the Collateral, but only to the extent the Collateral is
property of the estate; or (iii) maintain insurance on the
Collateral, but only to the extent the Collateral is property of
the estate;

     B. Entry of an order altering or vacating the order approving
this Stipulation, or lifting the automatic stay as to any other
creditor, or providing for conversion or dismissal of the case,
unless Pender shall consent to the order; or

     C. Failure to make any payments required under the terms of
the Stipulation.

A copy of the order and the Debtor's budget is available for free
at https://bit.ly/2QS81et from PacerMonitor.com.

The Debtor projects $33,934.38 in total expenses.

                  About Glow Hospitality, LLC

Glow Hospitality operates in the traveler accommodation industry.
It sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. D. Minn. Case No. 21-60102) on March 22, 2021. In the
petition signed by Baljinder Sandhu, president and controlling
member, the Debtor disclosed up to $10 million in both assets and
liabilities.

Judge Michael E. Ridgway oversees the case.

Thomas J. Flynn, Esq., at LARKIN HOFFMAN DALY & LINDGREN LTD., is
the Debtor's counsel.

Pender East Credit 1 Reit LLC and Pender Capital Asset Based
Lending Fund I LP, as lenders, are represented by:

     Kesha L. Tanabe, Esq.
     1515 Canadian Pacific Plaza
     120 South Sixth Street
     Minneapolis, MN 55402
     E-mail: kesha@tanabelaw.com

         - and -

     Caren L. Stanley, Esq.
     218 NP Avenue
     PO Box 1389
     Fargo, ND 58107-1389
     Tel: 701.237.6983
     Email: cstanley@vogellaw.com



GOGO INC: Swaps 19.1M Common Shares for $105.7M Notes
-----------------------------------------------------
On April 9, 2021, Gogo Inc. issued an aggregate of 19,064,529
shares of its common stock to Silver (XII) Holdings, LLC, an
affiliate of GTCR LLC, in exchange for $105,726,000 aggregate
principal amount of its 6.00% Convertible Senior Notes due 2022
beneficially owned by Silver (XII).  The Exchange was effected
pursuant to that certain Exchange Agreement, dated as of April 1,
2021, between Gogo Inc. and Silver (XII), and the entry into the
Exchange Agreement was previously reported on the company's Current
Report on Form 8-K filed with the Securities and Exchange
Commission on April 1, 2021.

                     Registration Rights Agreement

In accordance with the terms of the Exchange Agreement, on April 9,
2021, the Company entered into that certain Registration Rights
Agreement with Silver (Equity) Holdings, LP and Silver (XII)
Holdings, LLC, pursuant to which the GTCR Affiliates and their
permitted transferees have been afforded customary demand and
piggyback registration rights with respect to the shares of the
Company's common stock held by the GTCR Affiliates as of the
closing of the Exchange (including the Exchange Shares).  The
demand rights of the GTCR Holders shall be exercisable after the
one year anniversary of the date of the Exchange Agreement.

          Existing Registration Rights Agreement Amendment

In accordance with the terms of the Exchange Agreement, on April 9,
2021, the Company and Thorndale Farm Gogo, LLC entered into that
certain amendment to the registration rights agreement, dated as of
Dec. 31, 2009, among the Company and the shareholders party
thereto.  The Existing Registration Rights Agreement Amendment,
among other things, amends the Shareholders' piggyback registration
rights in respect of underwritten public offerings pursuant to the
Registration Rights Agreement and the Shareholders' right to
participate in a Block Sale (as defined in the Existing
Registration Rights Agreement Amendment) initiated by another
shareholder, and obligation to allow other shareholders to
participate in a Block Sale initiated by such Shareholders.

                 JPMorgan Delivers 1.5M Shares

On April 13, 2021, pursuant to the terms of the Amended and
Restated Forward Stock Purchase Confirmation, dated Dec. 11, 2019,
between the Company and JPMorgan Chase Bank, National Association,
London Branch, the Counterparty delivered 1,538,049 shares of
common stock to the Company.  Following settlement, 575,100 shares
of common stock remained subject to the Confirmation, which are
deliverable by the Counterparty at any time prior to the last day
of the 90 Exchange Business Day (as defined in the Confirmation)
period, commencing on, and including, the 82nd Scheduled Trading
Day (as defined in the Confirmation) immediately preceding May 15,
2022.  The Company's other Forward Stock Purchase Confirmation,
dated March 3, 2015, with Merrill Lynch International acting
through its agent, Merrill Lynch, Pierce, Fenner & Smith
Incorporated, terminated pursuant to its terms in March 2020.

As of April 13, 2021, following settlement of shares of common
stock pursuant to the Confirmation and closing of the Exchange,
109,609,905 shares of the Company's common stock were outstanding.

                         About Gogo Inc.

Gogo Inc. -- http://www.gogoair.com-- is an inflight internet
company that provides broadband connectivity products and services
for aviation. It designs and sources innovative network solutions
that connect aircraft to the Internet, and develop software and
platforms that enable customizable solutions for and by its
aviation partners.  Gogo's products and services are installed on
thousands of aircraft operated by the leading global commercial
airlines and thousands of private aircraft, including those of the
largest fractional ownership operators.  Gogo is headquartered in
Chicago, IL, with additional facilities in Broomfield, CO, and
locations across the globe.

Gogo Inc. reported a net loss of $250.04 million for the year ended
Dec. 31, 2020, compared to a net loss of $146 million for the year
ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had $673.58
million in total assets, $1.31 billion in total liabilities, and a
total stockholders' deficit of $641.11 million.


GYP HOLDINGS III: Moody's Rates Proposed Unsecured Notes 'B2'
-------------------------------------------------------------
Moody's Investors Service affirmed GYP Holdings III Corp.'s
(operating as GMS Inc.) Ba3 Corporate Family Rating and Ba3-PD
Probability of Default Rating. Moody's also upgraded the senior
secured term loan to Ba3 from B1 and assigned a B2 rating to the
company's proposed issuance of senior unsecured notes. The outlook
is stable. In addition, Moody's upgraded GMS' speculative grade
liquidity rating to SGL-1 from SGL-2.

Moody's views the proposed notes issuance as credit positive since
proceeds from will be used to redeem a similar amount of the
company's senior secured term loan maturing 2025. This leverage
neutral transaction reduces refinancing risk in mid-2025. Cash on
hand will be used to pay related fees and expenses. Interest
expense is increasing modestly due to the higher coupon on the
notes relative to the term loan, partially offset by the potential
repricing of the term loan. However, higher net interest payments
are not material comparative to GMS' revenue of about $3.1 billion
for LTM Q3 2021.

The upgrade of GMS' senior secured term loan to Ba3 from B1 results
from Moody's expectation of higher recovery values for the term
loan, since this debt is being reduced by slightly more than
one-third. In addition, the term loan benefits now from the
seniority it has relative to the unsecured notes.

The B2 rating assigned to GMS' senior unsecured notes due 2029, two
notches below the Corporate Family Rating, results from their
subordination to the company's secured debt.

The change in GMS' speculative liquidity rating to SGL-1 from SGL-2
reflects Moody's expectation that GMS will generate consistent free
cash flow in excess of $120 million in fiscal years 2022 and 2023
ending April 30. Significant cash on hand, ample revolver
availability and no near-term maturities contribute to GMS' very
good liquidity profile as well.

The following ratings are affected by the action:

Upgrades:

Issuer: GYP Holdings III Corp.

Gtd Senior Secured 1st Lien Term Loan, Upgraded to Ba3 (LGD3) from
B1 (LGD4)

Speculative Grade Liquidity Rating, Upgraded to SGL-1 from SGL-2

Assignments:

Issuer: GYP Holdings III Corp.

Senior Unsecured Regular Bond/Debenture, Assigned B2 (LGD5)

Affirmations:

Issuer: GYP Holdings III Corp.

Probability of Default Rating, Affirmed Ba3-PD

Corporate Family Rating, Affirmed Ba3

Outlook Actions:

Issuer: GYP Holdings III Corp.

Outlook, Remains Stable

RATINGS RATIONALE

GMS' Ba3 CFR reflects Moody's expectation that the company will
benefit from expansion in new home construction and residential
repair and remodeling activity, as well as increasing demand for
wallboard that accounts for about 40% of GMS' revenue. Moody's
projects that GMS will maintain solid credit metrics such as
adjusted debt-to-LTM EBITDA remaining below 3.5x over the next two
years and interest coverage, measured as EBITA-to-interest-expense,
will approximate 4.5x in fiscal year 2022. Moody's also forecasts
good operating performance with adjusted EBITDA margin sustained
near 10%. However, GMS faces strong competition in all of its
markets from other distributors and its product mix is reliant on
commodity-like products. These factors make it difficult for GMS to
expand margins and to significantly grow market share.

The stable outlook reflects Moody's expectation that GMS will
follow conservative financial policies such as maintaining leverage
below 3.5x. Very good liquidity and positive end market dynamics
further support the stable outlook.

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

Factors that could lead to an upgrade:

-- Debt-to-LTM EBITDA sustained near 3.0x

-- Preservation of good liquidity

-- Maintenance of conservative financial policies

Factors that could lead to a downgrade:

-- Debt-to-LTM EBITDA maintained above 4.0x

-- EBITDA margin contracting towards 8.5%

-- Deterioration in liquidity profile

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

GMS Inc., headquartered in Tucker, Georgia, is a North American
distributor of wallboard, steel framing, ceiling systems and other
related building products.


HERMELL PRODUCTS: Seeks to Hire Bardaglio Hart as Accountant
------------------------------------------------------------
Hermell Products, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Connecticut to hire Bardaglio Hart &
Shuman, LLC as its accountant.

The firm's services include:

     a. closing out the Debtor's books and opening new books;   

     b. preparing the periodic statements of the Debtor's
operations as required by the rules of the bankruptcy court;

     c. preparing and filing tax returns and quarterly reports
required by state and federal taxing authorities;

     d. advising the Debtor on various corporate issues, tax laws
and other tax-related issues;

     e. assisting the Debtor in the preparation of various federal
and state tax documents, financial documents necessary for the
Debtor to comply with its obligations regarding financial reporting
and record keeping;  

     f. assisting the Debtor in monitoring and preparing operating
reports.

Bardaglio will be paid at the rate of $150 per hour.  The maximum
amount of compensation sought is $10,000.

Timothy Keene, the firm's accountant who will be providing the
services, disclosed in a court filing that he is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

Bardaglio can be reached through:

     Timothy M. Keene, CPA
     Bardaglio Hart & Shuman, LLC
     594 North Street
     Windsor Locks, CT 06096
     Phone: 860-627-9001
     Fax: 860-623-5733
     Email: tim@cpabhs.com

                      About Hermell Products

Hermell Products, Inc. -- https://www.hermell.com – offers
comfortable and supportive medical equipment including, orthopedic
supports, slings, cervical and lumbar cushions, foot care products,
decubitus care products, wheelchair and seating cushions, and a
collection of products for the bed.

Hermell Products sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Conn. Case No. 21-20284) on March 25,
2021.  In the petition signed by Ronald G. Pollack, president, the
Debtor disclosed $710,254 in assets and $2,125,418 in liabilities.

Judge James J. Trancredi oversees the case.

The Debtor tapped Novak Law Office, P.C. as its legal counsel and
Bardaglio Hart & Shuman, LLC as its accountant.


HERTZ CORP: Fine-Tunes Plan Backed by Centerbridge, et al.
----------------------------------------------------------
The Hertz Corporation, et al., submitted a Modified Second Amended
Joint Chapter 11 Plan of Reorganization and a corresponding
Disclosure Statement.

As reported in the TCR, the Debtors have selected a proposal by
Centerbridge Partners, L.P., Warburg Pincus LLC, and
DundonCapitalPartners, LLC, to serve as plan sponsors.

The Plan contemplates a recapitalization of the Debtors through a
combination of the issuance of new debt and equity capital.  Under
the Plan, the Reorganized Debtors will issue new Reorganized Hertz
Parent Common Interests, as follows (subject to dilution from the
Preferred Stock and equity reserved or granted under the Management
Equity Incentive Plan):

   (i) approximately 48.2% to the Holders of Unsecured Funded Debt
Claims, Pro Rata in exchange for such Claims;

  (ii) approximately 9.5% to be sold to Dundon for $400 million;

(iii) approximately 2.0% to be sold to Centerbridge for $82.5
million;

  (iv) approximately 2.0% to be sold to Warburg Pincus for $82.5
million; and

   (v) the remaining approximately 38.4% of Reorganized Hertz
Parent Common Interests will be offered pursuant to the Rights
Offering to all Holders of Unsecured Funded Debt Claims, Pro Rata,
without regard to whether any such Holder is an "accredited
investor" within the meaning of Rule 501 Regulation D under the
Securities Act, or (ii) a "qualified institutional buyer" within
the meaning of Rule 144A of the securities Act. As part of their
agreement to sponsor the Plan, the members of the Ad Hoc Group of
Unsecured Noteholders have agreed to exercise the subscription
rights provided pursuant to the Plan to purchase Reorganized Hertz
Parent Common Interests. The members of the Ad Hoc Group of
Unsecured Noteholders have also agreed to purchase any Unsubscribed
Shares not purchased by the other Unsecured Funded Debt Holders.

The Plan also provides for the issuance of $385 million of
Preferred Stock that will be sold in equal amounts to each of
Centerbridge and Warburg Pincus.  The Preferred Stock is
convertible to Reorganized Hertz Parent Common Interests under the
circumstances and subject to the conditions described in the term
sheet attached hereto as Exhibit N. The Preferred Stock will accrue
dividends in the amount of 4% per annum, compounded quarterly, for
the first three years (unless converted earlier), payable in the
form of additional liquidation preference for the Preferred Stock.

The Plan also provides for the Reorganized Debtors to obtain a $1.3
billion senior secured term loan to fund Plan distributions and a
$1.5 billion revolving credit facility to fund their working
capital needs.

The transactions set forth in the Plan will raise approximately
$3.873 billion in cash proceeds:

  * $565 million from the purchase of Reorganized Hertz Parent
Common Interests by the Plan Sponsors;

  * $1,623 million from the purchase of stock pursuant to the
Rights Offering;

  * $385 million from the purchase of Preferred Stock by
Centerbridge and
Warburg Pincus; and

  * $1,300 million in proceeds from the Exit Term Loan Facility.

The funds generated by these transactions will be used, in part, to
provide the following distributions to creditors:

  * Payment in full of Administrative Claims, including all amounts
due in respect of the Debtors' DIP Financing, cure costs arising
from the assumption of Executory Contracts and Unexpired Leases,
Section 503(b)(9) Claims, and accrued and unpaid professional
fees;

  * Payment in full of Claims arising from the Debtors' prepetition
first lien facilities;

  * Payment in full of Claims arising under the Debtors'
prepetition second lien notes;

  * Payment in full of Other Secured Claims and Claims entitled to
priority under section 507(a) of the Bankruptcy Code;

  * Payment in full of Claims on account of the Debtors' guarantee
of the HHN Notes; and

  * Cash distributions to Holders of General Unsecured Claims in
the estimated
amount of 75% of the Allowed amount of such Claims

The Holders of Unsecured Funded Debt Claims will receive, in
exchange for such Claims, 48.2% of the Reorganized Hertz Parent
Common Interests, representing an estimated recovery of 75% on
account of such Claims at a Plan equity value of $4.525 billion,
plus Subscription Rights to purchase Reorganized Hertz Parent
Common Interests at a per share price based on a 6.7% discount to
Plan value.  The PE Sponsors' commitment to purchase Reorganized
Hertz Parent Common Interests is at the same per share price
offered to Holders of Unsecured Funded Debt Claims pursuant to the
Rights Offering (i.e. a 6.7% discount to Plan value).

The Debtors will emerge from Chapter 11 protection with
approximately $2 billion in global liquidity (inclusive of capacity
under the Exit Revolving Credit Facility) and only $1.3 billion in
corporate debt (exclusive of ABS facilities and letters of credit).
The Debtors believe that such liquidity is sufficient to fund their
operations after emergence and will provide them with the financial
strength and flexibility required to successfully execute their
business plan.

Under the Plan, the Debtors will also assume their Collective
Bargaining Agreements, assume The Hertz Corporation Account Balance
Defined Benefit Pension Plan, and continue to administer and keep
in effect the defined benefits plans sponsored by non-debtor
Affiliate Puerto Ricancars, Inc.

Red-lined copies of the Modified Second Amended Plan and Disclosure
Statement are available at https://bit.ly/3mO8P01

Attorneys for the Debtors:

     Thomas E Lauria
     Matthew C. Brown
     WHITE & CASE LLP
     200 South Biscayne Boulevard, Suite 4900
     Miami, FL 33131
     Telephone: (305) 371-2700

     J. Christopher Shore
     David M. Turetsky
     Andrew T. Zatz
     Andrea Amulic
     1221 Avenue of the Americas
     New York, NY 10020
     Telephone: (212) 819-8200

     Jason N. Zakia
     111 South Wacker Drive
     Chicago, IL 60606
     Telephone: (312) 881-5400

     Roberto J. Kampfner
     Ronald K. Gorsich
     Aaron Colodny
     Andrew Mackintosh
     Doah Kim
     555 South Flower Street, Suite 2700
     Los Angeles, CA 90071
     Telephone: (213) 620-7700

     Mark D. Collins
     John H. Knight
     Brett M. Haywood
     Christopher M. De Lillo
     RICHARDS, LAYTON & FINGER, P.A.
     J. Zach Noble (No. 6689)
     One Rodney Square
     910 N. King Street
     Wilmington, Delaware 19801
     Telephone: (302) 651-7700

A copy of the Disclosure Statement is available at
https://bit.ly/3dVVSx2 from Primeclerk, the claims agent.

                       About Hertz Corp.

Hertz Corp. and its subsidiaries -- http://www.hertz.com/--
operate a worldwide vehicle rental business under the Hertz,
Dollar, and Thrifty brands, with car rental locations in North
America, Europe, Latin America, Africa, Asia, Australia, the
Caribbean, the Middle East, and New Zealand.  They also operate a
vehicle leasing and fleet management solutions business.

On May 22, 2020, The Hertz Corporation and certain of its U.S. and
Canadian subsidiaries and affiliates filed voluntary petitions for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for
the District of Delaware (Bankr. D. Del. Case No. 20-11218).

Judge Mary F. Walrath oversees the cases.  

The Debtors have tapped White & Case LLP as their bankruptcy
counsel, Richards, Layton & Finger, P.A., as local counsel, Moelis
& Co. as investment banker, and FTI Consulting as financial
advisor.  The Debtors also retained the services of Boston
Consulting Group to assist the Debtors in the development of their
business plan. Prime Clerk LLC is the claims agent.

The U.S. Trustee for Regions 3 and 9 appointed a Committee to
represent unsecured creditors in Debtors' Chapter 11 cases.  The
Committee has tapped Kramer Levin Naftalis & Frankel LLP as its
bankruptcy counsel, Benesch Friedlander Coplan & Aronoff LLP as
Delaware counsel, UBS Securities LLC as investment banker, and
Berkeley Research Group, LLC as financial advisor.  Ernst & Young
LLP provides audit and tax services to the Committee.

Co-counsel to the Ad Hoc First Lien Group and DIP Lenders:

         David B. Stratton, Esq.
         TROUTMAN PEPPER HAMILTON SANDERS LLP
         Hercules Plaza
         1313 Market Street, Suite 5100
         Wilmington, DE  19899-1709
         Telephone: (302) 777-6500
         Facsimile: (302) 421-8390

               - and -

         Michael D. Messersmith, Esq.
         Michael B. Solow, Esq.
         Brian J. Lohan, Esq.
         ARNOLD & PORTER KAYE SCHOLER LLP
         70 West Madison Street, Suite 4200  
         Chicago, IL 60602-4231  
         Telephone: (312) 583-2300
         Facsimile: (312) 583-2360

               - and -

         Maja Zerjal Fink, Esq.
         ARNOLD & PORTER KAYE SCHOLER LLP
         250 West 55th Street
         New York, NY  10019-9710
         Telephone: (212) 836-8000
         Facsimile: (212) 836-8689


HERTZ CORPORATION: US Trustee Wants Opt-In Forms in Ballots
-----------------------------------------------------------
Andrew R. Vara, the United States Trustee for Region 3, objects to
the motion of The Hertz Corporation and its Debtor Affiliates for
entry of an order approving the Disclosure Statement.

Pursuant to the Debtors' Plan and solicitation procedures, voting
class members will be deemed to have released certain third parties
unless they vote to reject the Plan and on that same ballot
"opt-out" of the third party release, or they do not vote on the
Plan but still return the ballot on which they have checked the
"opt-out" box. Such practice is contrary to this Court's holding in
In re Washington Mutual, Inc., 442 B.R. 314 (Bankr. D. Del. 2011).

The U.S. Trustee raises this issue now so Debtors may resolve the
situation by changing the opt-out portion of their ballots to an
opt-in form.  Doing so will ensure that only those claimants who
actually receive the forms and actually consent to give third party
releases, will be deemed to provide the same.  Approval of the
solicitation procedures should be denied absent this change being
made.

Moreover, requiring an affirmative expression of consent helps to
ensure there is true consent, rather than consent assumed by
silence, which could be caused by factors such as a package being
wrongly addressed or misdelivered, or other mail failures or
delays. The risk of mail errors should be borne by the
beneficiaries of the releases, not by the Debtors' claimants.

                    About Hertz Corp.

Hertz Corp. and its subsidiaries -- http://www.hertz.com/--
operate a worldwide vehicle rental business under the Hertz,
Dollar, and Thrifty brands, with car rental locations in North
America, Europe, Latin America, Africa, Asia, Australia, the
Caribbean, the Middle East, and New Zealand. They also operate a
vehicle leasing and fleet management solutions business.

On May 22, 2020, The Hertz Corporation and certain of its U.S. and
Canadian subsidiaries and affiliates filed voluntary petitions for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for
the District of Delaware (Bankr. D. Del. Case No. 20-11218).

Judge Mary F. Walrath oversees the cases.  The Debtors have tapped
White & Case LLP as their bankruptcy counsel, Richards, Layton &
Finger, P.A. as local counsel, Moelis & Co. as investment banker,
and FTI Consulting as financial advisor.  The Debtors also retained
the services of Boston Consulting Group to assist the Debtors in
the development of their business plan. Prime Clerk LLC is the
claims agent.

The U.S. Trustee for Regions 3 and 9 appointed a Committee to
represent unsecured creditors in Debtors' Chapter 11 cases.  The
Committee has tapped Kramer Levin Naftalis & Frankel LLP as its
bankruptcy counsel, Benesch Friedlander Coplan & Aronoff LLP as
Delaware counsel, UBS Securities LLC as investment banker, and
Berkeley Research Group, LLC as financial advisor.  Ernst & Young
LLP provides audit and tax services to the Committee.


HIGHTOWER HOLDING: S&P Rates New $300MM Sr. Unsecured Notes 'CCC'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'CCC' issue rating and '6' recovery
rating to Hightower Holding LLC's (B-/Stable/--) proposed $300
million eight-year senior unsecured notes. The '6' recovery rating
indicates the expectation of negligible (0%) recovery in the event
of default. S&P's issuer credit rating on Hightower remains 'B-'
with a stable outlook. Its rating on the company's first-lien term
facility remains 'B-'; the recovery rating remains '4' with an
expectation of average recovery (about 45%) in the event of
default.

S&P said, "We expect Hightower to use the proceeds of the
transaction to pay down existing indebtedness and for general
corporate purposes including mergers and acquisitions. Pro forma
for the proposed transaction and following debt repayment, we
expect Hightower to have $900 million outstanding total unadjusted
debt (including the $600 million first-lien term loan launched
April 7, 2021). We expect adjusted debt to EBITDA to stay well
above 5x with EBITDA interest coverage of 1x-2x over the next 12
months."



HOMES BY KC: Gets OK to Hire Abode Agency as Real Estate Agent
--------------------------------------------------------------
Homes by KC, LLC received approval from the U.S. Bankruptcy Court
for the Northern District of Georgia to hire Abode Agency, LLC, as
its real estate agent.

The firm's services include listing and marketing the Debtor's real
property for sale, identifying and negotiating with potential
buyers, and assisting the Debtor to close a sale.

Abode Agency will get a 6 percent commission on the final sales
price at closing.

As disclosed in court filings, Abode Agency is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Heidi Reis
     Abode Agency LLC
     245 N. Highland Ave. NE
     Atlanta, GA 30307
     Phone: (404) 647-4697/(404) 859-2018
     Fax: (404) 860-1533
     Email: bobblack63@gmail.com

                         About Homes By KC

Homes By KC, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 20-63784) on March 2,
2020.  At the time of the filing, the Debtor had between $100,001
and $500,000 in both assets and liabilities.  Judge James R. Sacca
oversees the case.  Rountree, Leitman & Klein, LLC is the Debtor's
legal counsel.


HORIZON GLOBAL: Harry Wilson Won't Stand for Reelection as Director
-------------------------------------------------------------------
Harry J. Wilson, a current member of the Board of Directors of
Horizon Global Corporation, with a term expiring at the Company's
2021 annual meeting of stockholders, notified the Company that he
will not stand for reelection at the 2021 Annual Meeting.

Mr. Wilson currently serves as Chair of the Board's Compensation
Committee, and his service in this role will also end effective as
of the 2021 Annual Meeting.  Mr. Wilson's retirement from the Board
did not result from a disagreement with the Company.

The Board expressed its thanks to Mr. Wilson for his service to the
Board.

On April 9, 2021, the Board increased the size of the Board from
eight to nine directors, and appointed John F. Barrett to fill the
newly created directorship, effective immediately.  Mr. Barrett
will serve until his term expires at the Company's 2021 Annual
Meeting, at which time he will stand for reelection for a further
term expiring at the Company's 2022 annual meeting of
stockholders.
As a non-employee director, Mr. Barrett will receive compensation
in the same manner as the Company's other non-employee directors,
which compensation the Company disclosed in its definitive proxy
statement for its 2020 annual meeting of stockholders filed with
the Securities and Exchange Commission on May 18, 2020.

Mr. Barrett currently serves as managing partner and chief
investment officer of Corre Partners Management, LLC, an investment
firm he co-founded in 2009 to invest in both public and private
middle market companies in turnaround.  Since March 2019, in
connection with the Company's entry into the Second Lien Term
Facility Credit Agreement, Mr. Barrett has been acting in a Board
observer role on behalf of Corre Partners.  Prior to co-founding
Corre Partners, Mr. Barrett was a senior member of the investment
team at Trafelet & Company, LLC, a private investment firm, from
2006 to 2009.  From 2001 to 2006, Mr. Barrett served as senior vice
president of the investment team at Avenue Capital Group, a global
investment firm focused on identifying value opportunities in the
distressed and special situation space.  Mr. Barrett began his
career at KPS Capital Partners, LP, a leading middle market private
equity firm focused on turnaround investing.

                  Second Lien Term Facility Agreement

On March 15, 2019, the Company entered into a Second Lien Term
Facility Credit Agreement with Cortland Capital Markets Services
LLC, as administrative agent and collateral agent, Corre Partners.
The Second Lien Term Facility Agreement provided for a second lien
term loan facility initially in the aggregate principal amount of
approximately $51.0 million.  The Second Lien Lenders included
Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund,
LP and Corre Opportunities II Master Fund, LP.  The Company
previously had in place a first lien term facility pursuant to
which approximately $25.2 million was outstanding as of Dec. 31,
2019.  Corre purchased term loans under the First Lien Term
Facility in the open market and held approximately $20.7 million
under the First Lien Term Facility when it was refinanced and
replaced with the Replacement Term Loan Facility on July 6, 2020.
During 2020, Corre received approximately $675,200 in cash
interest, approximately $322,400 in paid-in-kind ("PIK") interest
and a PIK amendment fee of approximately $623,600 under the First
Lien Term Facility.  On July 6, 2020, the Second Lien Term Facility
was also refinanced and replaced with the Replacement Term Loan
Facility.  Corre held approximately $40.3 million under the Second
Lien Term Facility when it was refinanced and replaced with the
Replacement Term Loan Facility.  During 2020, Corre received
approximately $2.4 million in PIK interest under the Second Lien
Term Facility.

On July 6, 2020, the Company entered into a replacement term loan
facility that provided a replacement term loan that refinanced and
replaced the amounts outstanding under the First Lien Term Loan
Facility and Second Lien Term Loan Facility, plus any accrued
interest and unpaid interest thereon.  The interest on the
replacement term loan was LIBOR plus 10.75% per annum, subject to a
1.00% LIBOR floor, of which 4.00% was payable in cash and the
remainder of which was PIK interest.  Borrowings under the
Replacement Term Loan Facility were to mature on the earlier of:
(i) June 30, 2022 and (ii) April 1, 2022 if the Company's
Convertible Notes were not repaid or otherwise discharged prior to
such date. Additionally, the Replacement Term Loan Facility
provided for a 1.00% PIK closing fee, which was added to the
principal amount of the replacement term loan on the closing date.
As of July 6, 2020, Corre held approximately $63.0 million
(including the PIK closing fee) under the Replacement Term Loan
Facility.  From July 6, 2020 until Feb. 2, 2021, when the
Replacement Term Loan Facility was repaid in full with the proceeds
of a new term loan facility, Corre received approximately $1.2
million in cash interest, approximately $3.1 million in PIK
interest, a cash prepayment of premium of approximately $1.9
million and a payment for the reimbursement of fees of
approximately $82,270 under the Replacement Term Loan Facility.

In February 2017, the Company issued $125.0 million aggregate
principal amount of 2.75% Convertible Senior Notes due 2022.
Interest is payable on the Convertible Notes on January 1 and July
1 of each year, and the Convertible Notes will mature on July 1,
2022 unless earlier converted.  The Convertible Notes are
convertible into an aggregate of 5,005,000 shares of the Compny's
common stock, based on an initial conversion price of $24.98 per
share.  Corre purchased Convertible Notes in the open market and
held approximately $47.2 million aggregate principal amount of
Convertible Notes as of Dec. 31, 2019.  During 2020, Corre received
approximately $1.3 million of interest payments on their
Convertible Notes.

                       About Horizon Global

Horizon Global -- http://www.horizonglobal.com-- is a designer,
manufacturer, and distributor of a wide variety of
custom-engineered towing, trailering, cargo management and other
related accessory products in North America, Australia and Europe.
The Company serves OEMs, retailers, dealer networks and the end
consumer.

Horizon Global reported a net loss attributable to the Company of
$36.56 million for the 12 months ended Dec. 31, 2020, compared to
net income attributable to the company of $80.75 million on $690.45
million of net sales for the 12 months ended Dec. 31, 2019.  As of
Dec. 31, 2020, the Company had $456.49 million in total assets,
$480.34 million in total liabilities, and a total shareholders'
deficit of $23.85 million.


HOSPEDERIA VILLA VERDE: Seeks to Hire Frye Maldonado as Counsel
---------------------------------------------------------------
Hospederia Villa Verde, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire Frye
Maldonado Law Office to handle its Chapter 11 case.

Frye Maldonado Law Office will be paid an hourly rate of $150 and
reimbursed with actual and necessary expenses.  The firm received a
retainer in the amount of $6,000.

Harold Frye Maldonado, Esq., at Frye Maldonado, disclosed in a
court filing that his firm is a disinterested person pursuant to
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Harold A. Frye Maldonado, Esq.
     Frye Maldonado Law Office
     654 Ave Munoz Rivera, 654 Plaza
     San Juan, PR 00918
     Phone:  787-767-3800
     Fax: (800) 204-0744
     Email: frye.maldonado@gmail.com

                   About Hospederia Villa Verde

Hospederia Villa Verde, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.P.R. Case No. 21-01015) on March 31,
2021, listing $500,001 to $1 million in both assets and
liabilities.  Harold A. Frye Maldonado, Esq., at Frye Maldonado Law
Office, serves as the Debtor's legal counsel.


HOSPITALITY INVESTORS: Nears Prepack to Hand Control to Brookfield
------------------------------------------------------------------
Allison McNeely and Katherine Doherty report that Hospitality
Investors Trust Inc. is nearing a deal that would hand control of
the debt-laden hotel operator to Brookfield Asset Management as
part of a pre-packaged bankruptcy, according to people with
knowledge of the matter.

HIT, which owns about 100 hotels across the U.S., has been getting
advice from law firm Proskauer Rose and investment bank Jefferies
Financial Group Inc. on the restructuring talks, said the people,
who asked not to be identified discussing confidential discussions.
The real estate investment trust said in a regulatory filing in the
second week of April 2021 that it was negotiating with Brookfield,
its largest investor, over a potential Chapter 11 filing.

Representatives for Hospitality Investors Trust and Proskauer
didn't respond to a request for comment, while representatives for
Brookfield and Jefferies declined to comment.

Hospitality Investors Trust is the latest U.S. hotel operator to
consider bankruptcy after the Covid-19 pandemic spurred a slowdown
in global travel. REIT Eagle Hospitality Trust filed for Chapter 11
earlier this 2020, as have several individual hotels across the
country.

The REIT owns older hotels with Marriott International Inc., Hilton
Worldwide Holdings Inc. and Hyatt Hotels Corp. branding. Its top
markets by room are Orlando, Florida, Atlanta, and West Palm
Beach/Boca Raton, Florida, according to its website and annual
report.

Hospitality Investors Trust no longer has sufficient cash fund its
obligations and Brookfield is the only likely provider of
additional liquidity, according to its 2020 annual report.
Brookfield holds all of its preferred equity, worth about $441
million, and Hospitality Investors Trust converted the cash payment
to payment-in-kind in December to preserve liquidity.

The asset manager's preferred stake would make up about 43% of
Hospitality Investors Trust's common stock, which has never traded
publicly, if converted, according to the report. A restructuring
would likely wipe out its existing common shareholders.

Hospitality Investors Trust is under forbearance with its mezzanine
term loan lenders until June 30, and modified terms of the loan to
set a repayment schedule and waive any default stemming from a
bankruptcy filing. The REIT had more than $1 billion of liabilities
as of Dec. 31, 2020.

                 About Hospitality Investors Trust

Hospitality Investors Trust, Inc., incorporated on July 25, 2013,
is a self-managed real estate investment trust ("REIT") that
invests primarily in premium-branded select-service lodging
properties in the United States. As of March 31, 2020, the Company
owns or has an interest in a total of 104 hotels with a total of
12,994 guest rooms located in 33 states. As of March 31, 2020, all
but one of these hotels operated under a franchise or license
agreement with a national brand owned by one of Hilton Worldwide,
Inc., Marriott International, Inc., Hyatt Hotels Corporation, and
Intercontinental Hotels Group or one of their respective
subsidiaries or affiliates. The Company's one unbranded hotel has a
direct affiliation with a leading university in Atlanta.



IDEANOMICS: Unit Inks Deal to Supply 200K E-Vehicles to Indonesia
-----------------------------------------------------------------
Tree Technologies Sdn Bhd (Treeletrik), a Malaysian home-grown
electric vehicles (EV) maker with a presence in the ASEAN market
and a subsidiary of Ideanomics (NASDAQ: IDEX), has signed a
partnership to supply 200,000 units of its 100% electric motorbikes
to Indonesia, via distributors, PT Pasifik Sakti Enjiniring and the
Nahdatul Ulama Board (PBNU).  The partnership extends Treeletrik's
regional presence as a key player in promoting electric mobility,
supporting ASEAN's energy transition agenda.

The partnership positions Malaysia as a key EV manufacturer and
first regional supplier to export units in ASEAN, in line with the
region's evolving energy landscape.  The region's ultimate goal of
decreasing the level of final energy consumption in the road
transport sector by 2040 paves the way for EV makers like
Treeletrik to continue building a progressive EV ecosystem.

Commenting on the Cooperation Agreement signing with PT Pasifik
Sakti Enjiniring, Treeletrik CEO, Datuk Viswananthan Menon said,
"Treeletrik is a pioneer in bringing true electric motorbikes from
Malaysia to the ASEAN region and beyond, spearheading a new way of
mobility.  We are thrilled to further our efforts on the regional
stage through this partnership with PT Pasifik Sakti Enjiniring and
PBNU in Indonesia to provide a transportation option that is clean,
safe, and affordable, with our advanced EV technology.  Our 100%
electric motorbikes offer customers long-term cost savings and more
importantly contribute towards an overall positive impact to the
environment."

The agreement spanning three years, will see Treeletrik supply
electric motorbikes to be jointly marketed by PT Pasifik Sakti
Enjiniring and PBNU for the Indonesian market.  PT Pasifik Sakti
Enjiniring which operates the electric motorbikes brand, MOLINUS
(Motor Listrik Nusantara), will now add Treeletrik's 100% electric
motorbikes to its portfolio.  A joint venture is also in the
pipeline between Treeletrik and PT Pasifik Sakti Enjiniring to
establish an assembly plant in Indonesia in anticipation of growing
demand for the electric motorcycles.  The move will serve as a
positive boost to Indonesia's economy through talent development,
job opportunities and technology transfer.

The new electric motorbike range, certified in Europe and Malaysia
with UNECE WP.29, will feature Treeletrik's signature quick swap
lithium battery technology.  With an average speed of 65-90
km/hour, the e-motorbikes have a travel range of 85 to 120 km.
Aligned with the Indonesian government's program concerning the
Acceleration of the Battery-Based Electric Motor Vehicle Program,
the Indonesian parties are optimistic about demand and set sales
targets at 10,000 units for the year 2021 and completing the
200,000 units by end of 2023.  The full agreement will be disclosed
via an 8-K filing.

"The sizeable orders secured to date and ongoing discussions with
other countries expressing keen interest on Treeletrik's e-bike
range, will result in significant expansion in both Malaysia and
international operations of Treeletrik," added Menon.

Ideanomics acquired 51% ownership of Treeletrik in 2019.  The
company has since begun organizing itself for growth in the ASEAN
region to tap the region's heavy reliance on two- and three-wheeled
transportation.

                 About Tree Technologies Sdn. Bhd.

Tree Technologies Sdn Bhd, owns the EV brand Treeletrik, and is a
pioneer company to bring a true road legal electric motorbikes to
Malaysia.  The company provides transportation options that are
clean, safe and affordable, with advanced technology, EV
innovations and minimal maintenance. Treeletrik is licensed to
manufacture all kinds of EV products from MITI.

In March 2019, Ideanomics acquired a controlling stake in Tree
Technologies Sdn Bhd.  The combined organisation accelerates the
adoption and affordability of EV production, extending Treeletrik's
portfolio from EV mopeds and bikes to EV buses, trucks and cars.
The expanded vehicle product line serves the 650 million people in
the ASEAN region including Malaysia, Thailand, Indonesia, Cambodia,
Vietnam, Philippines, Laos, Singapore, and Brunei.

                        About Ideanomics

Ideanomics is a global company focused on the convergence of
financial services and industries experiencing technological
disruption.  Its Mobile Energy Global (MEG) division is a service
provider which facilitates the adoption of electric vehicles by
commercial fleet operators through offering vehicle procurement,
finance and leasing, and energy management solutions under its
innovative sales to financing to charging (S2F2C) business model.
Ideanomics Capital is focused on disruptive fintech solutions and
services across the financial services industry.  Together, MEG and
Ideanomics Capital provide their global customers and partners with
leading technologies and services designed to improve transparency,
efficiency, and accountability, and its shareholders with the
opportunity to participate in high-potential, growth industries.
The company is headquartered in New York, NY, with offices in
Beijing, Hangzhou, and Qingdao, and operations in the U.S., China,
Ukraine, and Malaysia.

Ideanomics reported a net loss of $106.04 million for the year
ended Dec. 31, 2020, compared to a net loss of $96.83 million for
the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$234.41 million in total assets, $32.64 million in total
liabilities, $1.26 million in series A convertible redeemable
preferred stock, $7.48 million in redeemable non-controlling
interest, and $193.02 million in total equity.


JAGUAR HEALTH: Upsizes ATM Financing Program by $15.3 Million
-------------------------------------------------------------
Jaguar Health, Inc. announced the upsizing by $15.3 million of the
at-the-market financing program the Company established on Oct. 5,
2020 with Ladenburg Thalmann & Co. Inc. for potential future
financing needs.

On April 9, 2021, the Company filed a registration statement and
prospectus supplement in connection with its previously disclosed
At The Market Offering Agreement with Ladenburg, as agent, to
increase the size of the at-the-market offering pursuant to which
the Company may offer and sell, from time to time through
Ladenburg, shares of the Company's common stock.

"We are very pleased to have expanded the capacity of the ATM
program," said Lisa Conte, Jaguar's president and CEO.  "While we
do not anticipate issuing any shares at this time, the upsized ATM
program is available to provide the Company with future funding, if
needed, at the prevailing market price at the time of sale, hence,
based on timing, potentially priced at-the-market, or
above-the-market, as defined by Nasdaq."

"Jaguar and Napo Pharmaceuticals, our wholly owned subsidiary, have
multiple clinical programs that are funded with non-dilutive
financing," Conte said, "including Napo's ongoing pivotal Phase 3
trial of crofelemer for prophylaxis of diarrhea in adult cancer
patients receiving targeted therapy ("cancer therapy-related
diarrhea" ("CTD")), and our planned development program for
lechlemer for the indication of the symptomatic relief of diarrhea
and dehydration in cholera patients.  On the financing front, it is
important for the Company to have the flexibility to respond to
relevant and critical emerging clinical needs as well - such as
COVID-related diarrhea."

As announced, the Company is actively pursuing conditional
marketing authorization from the European Medicines Agency for
crofelemer for COVID-related diarrhea through Napo EU S.p.A.,
Jaguar's wholly owned Italian subsidiary.  "We expect that clinical
efforts related to COVID-related diarrhea will be funded by the
anticipated merger – aimed for mid-2021 – of Napo EU with the
Dragon special purpose acquisition company (the "Dragon SPAC"),
which is anticipated to be listed on AIM Italia," Conte added.

                         About Jaguar Health

Jaguar Health, Inc. -- http://www.jaguar.health-- is a commercial
stage pharmaceuticals company focused on developing novel,
sustainably derived gastrointestinal products on a global basis.
The Company's wholly owned subsidiary, Napo Pharmaceuticals, Inc.,
focuses on developing and commercializing proprietary human
gastrointestinal pharmaceuticals for the global marketplace from
plants used traditionally in rainforest areas.  Its Mytesi
(crofelemer) product is approved by the U.S. FDA for the
symptomatic relief of noninfectious diarrhea in adults with
HIV/AIDS on antiretroviral therapy.

Jaguar Health reported a net loss and comprehensive loss of $33.81
million for the year ended Dec. 31, 2020, compared to a net loss
and comprehensive loss of $38.54 million for the year ended Dec.
31, 2019.  As of Dec. 31, 2020, the Company had $42.84 million in
total assets, $25.64 million in total liabilities, and $17.20
million in total stockholders' equity.


K3D PROPERTY: Creditors' Committee Says Disclosures Inadequate
--------------------------------------------------------------
The Committee of Unsecured Creditors objects to the K3D Property
Services, LLC's Disclosure Statement on the grounds that the
Disclosure Statement does not contain adequate information that
would enable a hypothetical investor typical of the unsecured
creditors to make an informed decision about the plan -- in
particular, in consideration of the financial dealings of the
Debtor as reflected in the monthly operating statements.

The Committee notes, among other things, that there are unexplained
payments to Morris Holdings (an entity controlled by principals),
Armor Xteriors and Be Big, and Francisco Pizzuto.

The Committee further points out, "The Disclosure Statement
contains no assurance that the principals of the Debtor will devote
their full energies, time and resources to the Debtor throughout
the pendency of the Plan, thus giving no assurance that the Debtor
will successfully reorganize.  There is no contingency plan to
insure a successful reorganization in the event Ken Morris and Kurt
Morris should determine to leave K3D to become employed elsewhere
or seek to engage on other careers."

Counsel for the Committee of Unsecured Creditors:

     Arthur C. Grisham, Jr.
     7151 Lee Highway, suite 300
     Chattanooga, TN 37421
     Phone: (423) 777-4346
     Mobile: (423) 227-6256
     E-mail: art@grisham-atty.com

                    About K3D Property Services

K3D Property Services, LLC offers a variety of services, including
home remodeling, basement finishing, drywall installation and
finishing, tile installation, carpet installation, wall framing,
bathroom remodeling, kitchen remodeling, deck installation and
maintenance, interior and exterior painting, commercial painting,
wallpaper and popcorn ceiling removal, deck staining, concrete
floor coatings, and metal roof painting.

K3D Property Services filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tenn. Case No. 19
15361) on Dec. 23, 2019. The petition was signed by Kenneth Morris,
its managing member. At the time of the filing, the Debtor had
estimated $1 million to $10 million in both assets and
liabilities.

Judge Shelley D. Rucker oversees the case.  

The Debtor tapped Farinash & Stofan and The Fox Law Corporation,
Inc. as bankruptcy counsel; The Law Offices of Stephan Wright PLLC
as special counsel; Lucove, Say & Co. as accountant; and Pointe
Commercial Real Estate, LLC as real estate broker.


LTR INTERMEDIATE: Moody's Assigns First Time B3 Corp Family Rating
------------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to LTR
Intermediate Holdings, Inc. ("Liberty Tire"), the direct parent of
Liberty Tire Recycling Holdco, LLC, including a B3 corporate family
rating, B3-PD probability of default rating and B3 rating on the
company's proposed senior secured (first lien) bank credit
facility, consisting of a revolving credit facility and term loan.
The outlook is stable.

The net proceeds from the $410 million first lien term loan, along
with cash equity from new sponsor Energy Capital Partners, will be
used to fund the buyout of Liberty Tire, including the repayment of
all its existing debt, distributing a dividend to outgoing
shareholders and covering transaction fees. A new $60 million
5-year revolving facility, also to be issued, will be undrawn at
close. Environmental risk was a factor in the ratings, particularly
the waste and pollution category, as Liberty Tire's core business
operates within regulation around collection and disposal of used
tires and benefits from recycling those tires to usable end
products.

RATINGS RATIONALE

The ratings reflect Liberty Tire's modest scale with a niche market
focus of scrap tire collection and recycling, its elevated leverage
with debt-to EBITDA approaching 6x (after Moody's standard
adjustments), and the challenge of matching used tire (inbound)
collections with profitable and sustainable demand for the
company's (outbound) end products. Demand for outbound operations
(sale of grade/used tire and processed tire end-products such as
crumb rubber) is volatile with some correlation to the economic
cycle and products that compete with other low-priced products. As
a result, the company has a history of uneven free cash flow
generation (cash flow for operations less capital expenditures less
dividends). Moody's believes Liberty Tire is addressing the
challenges of the past with contracts to collect the used tires,
with better pricing and at volume levels that enable the company to
be profitable. The company is exposed to pricing pressure in the
competitive operating landscape with limited barriers to entry. It
also faces margin pressures from freight and labor cost inflation
amid driver shortages, and rising landfill costs. These factors and
the fragmented market increase the likelihood of additional
acquisitions for more material growth opportunities.

The ratings consider Liberty Tire's leadership position in its
niche sub-sector of the waste management industry, benefiting from
a national footprint, diverse and longstanding customer base
(including large, national chain accounts) and favorable dynamics
driving scrap tire collection. These include state regulations
governing rubber tire disposal, population growth (increases
prospects for vehicle growth and therefore more miles driven) and
growing public awareness and interest in recycling. The company's
inbound operation (scrap tire collection) is a relatively steady
business - except for a decline in 2020 from the effects of the
coronavirus - that provides good revenue visibility at modest
margins. In contrast, recycled tires, or outbound products, rely on
various end-market applications that are not only more volatile but
generate much lower margins.

End market uses for recycled tires include reselling tires with
remaining tread life, mixing crumb rubber in asphalt and athletic
fields, using rubber mulch for playgrounds and burning tires as
fuel for cement, paper and other energy-related processes. The
company's ability to recoup costs of separating steel wire from
tires and reselling the steel as scrap metal is vulnerable to
commodity price volatility. A focus on increasing the wallet share
of higher value recycled products through improved process
capabilities and acquisitions in recent years should improve
outbound earnings. This should support moderately better credit
metrics into 2022, along with recovering economic conditions, the
company's pricing actions and some earnings benefit from
acquisitions made over the last year. As a result, Moody's expects
debt-to-EBITDA to fall towards a low to mid 5x range from some
profit expansion.

Moody's expects Liberty Tire to have adequate liquidity, with
nominal cash balances of about $5 million balanced by expectations
of adequate availability under the new $60 million revolving credit
facility and positive free cash flow, with at least mid-single
digit free cash flow to debt (including Moody's standard
adjustments). The facility will likely be tapped periodically for
seasonal working capital needs. Scaling back growth capital
spending closer to maintenance spending could potentially result in
stronger free cash flow. The revolving facility will be subject to
a springing net leverage covenant (ratio to be determined), tested
if borrowings exceed 35% of the revolver commitment. The term loan
is not expected to have any financial maintenance covenants.

The stable outlook reflects Moody's expectation of steady inbound
collections, priced with sound economics for the company, and
process improvements to drive modest organic revenue and earnings
growth into 2022, and support an improvement in credit metrics and
free cash flow generation. Moody's also assumes that landfill
volumes will remain at or below current levels (of about 15%) and
expect the company to maintain adequate liquidity.

Environmental factors are a key credit consideration, given the
business model benefits from regulation requiring
environmentally-sound disposal of scrap tires, which drives demand
for the company's collection and recycling services. Liberty Tire
must comply with environmental laws and regulations and obtains
necessary government permits to operate its facilities and land
sites, and no material issues have been disclosed to date.

Governance risk is highlighted by the likelihood of aggressive
financial policies, including further acquisitive growth that poses
execution risks and could weaken credit metrics or liquidity,
including free cash flow generation.

Specific terms of the new bank agreement have yet to be publicly
disclosed. The senior bank credit facility is expected to contain
flexible covenants for transactions that, if undertaken, could
adversely affect creditors. This includes incremental facility
capacity not to exceed an amount up to the greater of (a) $78
million and (b) 100% of the borrower's LTM consolidated adjusted
EBITDA, plus an amount that would not result in: (x) the first lien
net leverage ratio exceeding the closing date ratio, for
incremental facilities secured pari passu with the initial term
loan and revolver. Amounts (i) up to the greater of (a) $78 million
and (b) 100% of the borrower's LTM consolidated adjusted EBITDA,
plus (ii) an additional 100% of LTM consolidated adjusted EBITDA
may be incurred with an earlier maturity date than the initial term
loan. There are no express "blocker" provisions that prohibit the
transfer of specified assets to unrestricted subsidiaries; such
transfers are permitted subject to carve-out capacity and other
conditions. Only wholly-owned subsidiaries are required to provide
subsidiary guarantees, posing risks of potential guarantee release
if there were a partial change in ownership. There is no explicit
protective language limiting such releases.

Moody's took the following actions for LTR Intermediate Holdings,
Inc.:

Assignments:

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Senior Secured 1st lien Term Loan, Assigned B3 (LGD3)

Senior Secured 1st lien Revolving Credit Facility, Assigned B3
(LGD3)

Outlook Actions:

Outlook, Assigned Stable

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

The ratings could be downgraded with Moody's expectation for
deteriorating revenue or no earnings expansion, including from
weaker performance of outbound operations, (e.g. higher landfill
volumes or an erosion of pricing power). EBIT-to-interest expected
below 1x or debt-to-EBITDA to remain around 6x or higher (all
ratios inclusive of Moody's standard adjustments) could also drive
a downgrade. A weaker liquidity profile, with Moody's expectation
of negative free cash flow or diminishing revolver availability,
including a growing reliance on the facility to fund working
capital needs, could also result in a downgrade. Additionally, an
inability to integrate acquisitions successfully or meaningful
debt-financed transactions that weaken the metrics would also drive
downwards rating pressure.

Ratings could be upgraded with profitable growth, including
material improvement in earnings with stronger margins, such that
debt-to-EBITDA is expected to remain below 5x and EBIT-to-interest
above 2x. The maintenance of a good liquidity profile, including
consistent positive free cash flow generation with at least high
single digit free cash flow-to-debt on a sustained basis, would
also be a prerequisite to an upgrade.

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in April 2018.

LTR Intermediate Holdings, Inc., through its principal subsidiary,
Liberty Tire Recycling Holdco, LLC, provides scrap-tire collection
and rubber recycling services primarily in the United States, and
in Canada. Its three primary revenue streams are 1) Inbound
Collections, which are fees received for used tire collections, 2)
Grade/Used Tires or the resale of road-worthy tires, and 3)
Beneficial Reuse, or Outbound Products derived from processing
recycled tires into various alternative applications. Revenues were
$502 million for the fiscal year ended December 31, 2020.


LUCID ENERGY: S&P Alters Outlook to Positive, Affirms 'B' ICR
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S&P Global Ratings revised the outlook on Dallas-based gas gatherer
and processor Lucid Energy Group II Borrower LLC to positive from
negative and affirmed its 'B' issuer credit rating. At the same
time, S&P affirmed its 'B' issue ratings on the company's
first-lien term loan. The '3' recovery rating remains unchanged,
indicating its expectation of meaningful (50% to 70%; rounded
estimate: 60%) recovery in event of a payment default scenario.

S&P said, "The positive outlook reflects our view that Lucid will
be able to grow volumes in the cost-competitive Northern Delaware
Basin with the completion of its remaining expansion project, Red
Hills V, in December 2020. We expect adjusted debt to EBITDA to
decline to between 4.0x and 4.5x in 2021.

"The outlook revision reflects our view of the resiliency of
Lucid's business. Despite the reduction in drilling activity in the
Permian, Lucid's average volumes grew by over 30% in 2020 to over
800 million cubic feet per day (MMcf/d). With the build-out of Red
Hills V, which came online in December 2020, Lucid's capacity is
now above 1,100 MMcf/d and we expect average volumes will continue
to grow, especially given the favorable commodity price
environment. Despite the uncertainty around long-term drilling
activity, we expect most producers will continue investing in the
Delaware Basin and expect Lucid's average volumes to grow above
1,000 MMcf/d in the next 12 months."

Lucid's credit quality is supported by its high investment-grade
counterparties. Lucid's contract profile is heavily weighted
towards investment-grade counterparties. Its top four customers
account for 66% of Lucid's volumes and their ratings range from
'AA-' to 'BBB-'. Furthermore, Lucid has 91% of its total revenue
contracted under fee-based and minimum volume commitments with a
weighted average contractual life of seven years. Its minimum
volumes contracts expire in 2024 and 2030.

S&P said, "We expect Lucid to use its future excess cash flow to
pay down debt and reduce leverage. Despite the reduced drilling
activity from the commodity price volatility, Lucid ended 2020 with
leverage at 6.1x. In 2021, we expect Lucid to reduce its capital
spending and focus on ramping up utilization of its existing
infrastructure. We expect it to use any excess cash flow to reduce
debt and that Lucid will likely focus on first paying down its
revolver in 2021 and then paying down its term loan C in 2022. We
believe leverage will decline to the 4.0x to 4.5x range in 2021.
However, future positive rating actions are dependent upon Lucid's
ability to consistently maintain leverage below 5.0x, while
continuing to increase volumes.

"The positive outlook reflects our view that Lucid will be able to
continue to grow volumes in the cost-competitive Northern Delaware
Basin with the completion of its remaining expansion project, Red
Hills V, in December 2020. We expect adjusted debt to EBITDA to
decline to between 4.0x and 4.5x in 2021.

"We could raise the rating if we see an increase in the scale and
scope of the operations via increased throughput volumes on the
system that could come from new contracts or expansion projects.
Improved diversity by commodity-type and geography would also help
improve scale and scope. In addition, we could consider raising the
rating if the company exhibits debt to EBITDA below 5.0x on a
sustained basis.

"We could revise the outlook to stable if we expect debt to EBITDA
to be above 5.0x over the next 12 months, which would likely be due
to lower-than-expected volumes on the system. In addition, if the
company issues incremental debt to finance additional expansion
projects or if liquidity deteriorates we could take a negative
rating action."


M1 DEVELOPMENT: Case Summary & 16 Unsecured Creditors
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Debtor: M1 Development LLC
        744 Lefferts Street
        Apt 4R
        Brooklyn, NY 11203

Chapter 11 Petition Date: April 14, 2021

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 21-40977

Judge: Hon. Jil Mazer-Marino

Debtor's Counsel: Avrum J. Rosen, Esq.
                  LAW OFFICES OF AVRUM J. ROSEN, PLLC
                  38 New St
                  Huntington, NY 11743-3327
                  Tel: 631-423-8527
                  Fax: 631-423-4536
                  E-mail: arosen@ajrlawny.com

Total Assets: $357,186

Total Liabilities: $2,272,000

The petition was signed by Rafi Manor, 99% owner.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 16 unsecured creditors is available for free
at:

https://www.pacermonitor.com/view/B62MRDQ/M1_Development_LLC__nyebke-21-40977__0001.0.pdf?mcid=tGE4TAMA


MANSIONS APARTMENT: Addresses Bank, Campbell Concerns on Plan
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Mansions Apartment Homes at Marine Creek, LLC proposed non-material
or adverse modification to the Debtor's Amended Plan of
Reorganization Dated April 9, 2021 and Debtor's Second Amended
/Disclosure Statement Dated April 9, 2021, to address the concerns
raised by Happy State Bank and David Campbell.

The changes proposed in the Modification are neither material nor
adverse to any party and should be made a part of the Plan and
Disclosure Statement approved in this case and are set forth as
follows:

Effective Date means June 4, 2021.

Class 3: Allowed Secured Claims of Happy State Bank (the "Bank").
The Class 3 Allowed Secured Claims of the Bank shall be paid in
full. This Claim shall bear interest at its contract rate of 18%
from the Petition Date until paid in full. The balance of the
Allowed Secured Claim shall be paid with accrued and unpaid
interest, fees, expenses and costs (including attorney's fees and
expenses incurred by Claimant after the Petition Date until the
Claim is paid in full) on the Effective Date. Within a reasonable
time following payment to the Bank and not longer than 30 days, the
pending state court lawsuit between the Debtor and the Bank and any
third parties shall be jointly dismissed.

Class 4: Allowed Secured Claims of David Campbell ("Campbell"). The
Class 4 Allowed Secured Claims of Campbell shall be paid in full.
This Claim shall bear interest at the rate of five percent (5%) per
annum from the Petition Date. The balance of the Allowed Secured
Claim shall be paid with accrued and unpaid interest, fees,
expenses and costs (including attorney's fees and expenses incurred
by Claimant after the Petition Date until the Claim is paid in
full) on the Effective Date. Within a reasonable time following
payment to Campbell and the Bank and not longer than 30 days, the
pending state court lawsuit between the Debtor, the Bank, Campbell
and any third parties shall be jointly dismissed.

Attorneys for the Debtor:

     Joyce W. Lindauer
     Kerry S. Alleyne
     Guy H. Holman
     Joyce W. Lindauer Attorney, PLLC
     1412 Main Street, Suite 500
     Dallas, Texas 75202
     Telephone: (972) 503-4033
     Facsimile: (972) 503-4034

                 About Mansions Apartment Homes
                        at Marine Creek

Mansions Apartment Homes at Marine Creek, LLC filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Tex. Case No. 20-43643) on Nov. 30, 2020.  Tim Barton,
president of Mansions Apartment, signed the petition.  In the
petition, the Debtor disclosed assets of between $1 million and $10
million and liabilities of the same range.

Judge Edward L. Morris oversees the case.  

Joyce W. Lindauer Attorney, PLLC, serves as the Debtor's legal
counsel.

On Feb. 3, 2021, the Court appointed Robert Yaquinto, Jr., as the
Chapter 11 trustee.  Bonds Ellis Eppich Schafer Jones LLP serves as
the trustee's legal counsel.


MATAWAN ACQUISITION: Voluntary Chapter 11 Case Summary
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Debtor: Matawan Acquisition, LLC
        60 Main Street
        Matawan, NJ 07747

Business Description: Matawan Acquisition, LLC is a Single Asset
                      Real Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).

Chapter 11 Petition Date: April 15, 2021

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 21-13084

Debtor's Counsel: Eugene D. Roth, Esq.
                  LAW OFFICE OF EUGENE D. ROTH
                  2520 Highway 35, Suite 307
                  Manasquan, NJ 08736
                  Tel: 732-292-9288
                  E-mail: erothesq@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ronak Shah, managing member.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

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

https://www.pacermonitor.com/view/K64IEBI/Matawan_Acquisition_LLC__njbke-21-13084__0001.0.pdf?mcid=tGE4TAMA


MCDERMOTT INTL INC: Can't Ditch the CB&I Merger Suit, Says Judge
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Law360 reports that a Texas federal judge explained Wednesday that
McDermott International Inc. must face a securities fraud suit over
its acquisition of Chicago Bridge & Iron Co., denying its motion to
dismiss and finding that stockholders sufficiently pled that proxy
statements from McDermott were made "with actual knowledge that
they were misleading.

"U.S. District Judge George C. Hanks Jr. already denied McDermott's
motion to dismiss on March 31, 2021 in a one-page order, and issued
his full opinion behind the order on Wednesday, April 14, 2021,
that said McDermott cannot escape the allegations it concealed
material problems with the integration of CB&I's business.

                   About McDermott International

Headquartered in Houston, Texas, McDermott (NYSE: MDR) --
http://www.mcdermott.com/-- is a provider of engineering,
procurement, construction and installation and technology
solutions
to the energy industry.  Its common stock was/is listed on the New
York Stock Exchange under the trading symbol MDR.

As of Sept. 30, 2019, McDermott had $8.75 billion in total assets,
$9.86 billion in total liabilities, $271 million in redeemable
preferred stock, and a total stockholders' deficit of $1.38
billion.

On Jan. 21, 2020, McDermott International announced that it has the
support of more than two-thirds of all its funded debt creditors
for a restructuring transaction that will equitize nearly all the
Company's funded debt, eliminating over $4.6 billion of debt.

McDermott solicited votes from its lenders and bondholders in
support of a prepackaged Chapter 11 Plan of Reorganization and
commenced the prepackaged Chapter 11 later in the day, on Jan. 21,
2020 in the U.S. Bankruptcy Court for the Southern District of
Texas.

McDermott International and 224 affiliates on Jan. 21 and 22, 2020,
filed Chapter 11 bankruptcy petitions (Bankr. Lead Case No.
20-303360).

The Hon. Marvin Isgur is the case judge.

The Debtors tapped KIRKLAND & ELLIS LLP (NEW YORK) as general
bankruptcy counsel; JACKSON WALKER L.L.P. as local counsel;
ALIXPARTNERS, LLP as restructuring advisor; AP SERVICES, LLC, as
operational advisor; ARIAS, FABREGA & FABREGA as Panamanian
counsel; and BAKER BOTTS L.L.P. as corporate counsel. PRIME CLERK
is the claims agent, maintaining the page



MCIVOR HOLDINGS: Seeks to Hire Berkshire Hathaway as Broker
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McIvor Holdings, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to hire Will Langley, a real
estate broker at Berkshire Hathaway Keys Real Estate.

The Debtor requires a real estate broker to assist in the listing
and sale of its real property located at 1010 Kennedy Drive, Key
West, Fla.

The firm will get a 6 percent commission on the gross sales price.

As disclosed in court filings, Berkshire and its members and
associates are disinterested persons within the meaning of Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Benton William
     Berkshire Hathaway Knight &
     Gardner Realty
     336 Duval Street
     Key West, FL 33040
     Phone: 305-294-5155
     Email: will@keysrealestate.com

                       About McIvor Holdings

McIvor Holdings, LLC, a Key West, Fla.-based company that owns
commercial real estate properties, sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 21-11284) on
Feb. 10, 2021.  At the time of the filing, the Debtor disclosed
assets of between $1 million and $10 million and liabilities of the
same range.  Judge Laurel M. Isicoff presides oversees the case.
Kevin Christopher Gleason, Esq., at Florida Bankruptcy Group, LLC,
represents the Debtor as legal counsel.


MICROVISION INC: Hires Sumit Sharma as New CEO
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MicroVision, Inc. entered into an agreement employing Sumit Sharma
as the Company's chief executive officer for a period of three
years commencing as of April 8, 2021 (Effective Date).  The
Agreement includes the following compensation-related terms and
conditions:

Base Salary.  The Agreement provides for an annual base salary of
$300,000, payable in accordance with the payroll practices of the
Company for its executives and subject to annual review by the
Company's board of directors or a committee thereof.  No decrease
may be made to Mr. Sharma's base salary without his prior written
consent.

Bonus Compensation.  In consideration for the Incentive RSU Award
described below, the Agreement provides that Mr. Sharma will not be
eligible for an annual bonus opportunity during the Term under any
bonus or other annual incentive plan of the Company.

Long Term Incentives.  The Agreement provides that Mr. Sharma will
be entitled to a special equity award to be granted in the form of
restricted stock units under the Company's 2020 Equity Incentive
Plan.  Under the Incentive RSU Award, Mr. Sharma will be granted
300,000 RSUs as soon as reasonably practicable following the
Effective Date, and he then will be entitled to receive subsequent
grants of 300,000 RSUs on an annual basis in each of April 2022,
April 2023 and April 2024, provided that he remains employed by the
Company.  Each grant of RSUs under the Incentive RSU Award will be
fully vested on its respective date of grant.  In the event that a
Change of Control (as defined in the Agreement) occurs while Mr.
Sharma remains employed by the Company and prior to the time when
any portion of the Incentive RSU Award remains ungranted to him,
the ungranted portion of the Incentive RSU Award will be granted as
a single fully vested award to Mr. Sharma sufficiently in advance
of the closing of the Change of Control such that he can
participate in the transaction as a shareholder with respect to the
shares of stock underlying such award.

The Agreement further provides that other than the Incentive RSU
Award, Mr. Sharma will not be entitled to receive any other
equity-based award of the Company that is subject solely to a
time-based vesting requirement.  Mr. Sharma will remain entitled to
receive equity-based awards of the Company that are subject to
performance-based vesting conditions.

Severance.  Under the Agreement, if the Company terminates Mr.
Sharma's employment other than for "cause" or if Mr. Sharma
terminates employment for "good reason" (each as defined in the
Agreement) prior to the end of the Term, in addition to receiving
earned but unpaid pay and unreimbursed business expenses, Mr.
Sharma is entitled to receive continued base salary for a period of
12 months and reimbursement for the Company's portion of group
medical, dental and vision insurance premiums during the salary
continuation period, subject to possible early termination if Mr.
Sharma and his dependents are no longer entitled to such coverage
under COBRA or Company plans.

If a Change of Control (as defined in the Agreement) occurs and the
Company terminates Mr. Sharma's employment other than for "cause"
during the Term and within two years following such Change of
Control, then, in lieu of the severance payments described above,
Mr. Sharma would be entitled to receive a lump sum payment equal to
one year of base salary at the rate in effect at the date of
termination or, if higher, on the date of the Change of Control.
In addition, the Company will pay the full cost of Mr. Sharma's
continued participation in the Company's group health and dental
plans for one year or, if less, for so long as he remains entitled
to continue such participation under applicable law. Mr. Sharma is
not entitled to any tax gross-up payment for any "golden parachute"
excise tax on change of control benefits, but payments and benefits
would be reduced if and to the extent the reduction is more
favorable to Mr. Sharma on an after-tax basis.  Severance and other
benefits are conditioned on Mr. Sharma delivering an effective
release of claims in favor of the Company within the timeframe
specified in the Agreement.

Other.  Under the Agreement, Mr. Sharma agreed to post-employment
undertakings regarding non-solicitation and non-competition for 24
months and confidentiality with respect to the Company's
confidential information; severance and other benefits are
conditioned on compliance with these covenants.

                        About MicroVision

MicroVision -- http://www.microvision.com-- is a pioneering
company in MEMS based laser beam scanning technology that
integrates MEMS, lasers, optics, hardware, algorithms and machine
learning software into its proprietary technology to address
existing and emerging markets.  The Company's integrated approach
uses its proprietary technology to provide solutions for automotive
lidar sensors, augmented reality micro-display engines, interactive
display modules and consumer lidar modules.

MicroVision reported a net loss of $13.63 million for the year
ended Dec. 31, 2020, compared to a net loss of $26.48 million for
the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$21.01 million in total assets, $11.99 million in total
liabilities, and $9.01 million in total shareholders' equity.


MOUNT ETNA PARTNERS: Seeks to Hire Factsco LLC as Accountant
------------------------------------------------------------
Mount Etna Partners, LLC and Mount Etna Investments, Inc. seek
approval from the U.S. Bankruptcy Court for the Western District of
Missouri to hire Factsco LLC as their accountant.

The firm will render these services:

     a. prepare profit and loss statements;

     b. prepare monthly operating reports;

     c. prepare bank reconciliations, records and reports as
required;

     d. assist and advise the Debtor in performing other
functions.

The firm will be paid an hourly fee of $75.

As disclosed in court filings, Factsco LLC does not represent
interest adverse to the Debtors' estates in the matters upon which
it is to be retained.

The firm can be reached through:

     Tyrus C. Young
     Factso LLC
     2407 Plantation Ceter Drive #100
     Matthews, NC 28105
     Phone:  (727) 470-8684

                   About Mount Etna Investments

Mount Etna Partners, LLC and Mount Etna Investments, Inc. filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Mo. Lead Case No. 21-30025) on Feb. 23, 2021.
Garrett Reincke, chief executive officer, signed the petitions.  At
the time of the filing, Mount Etna Partners disclosed total assets
of $500,000 to $1 million and $1 million to $10 million in
liabilities while Mount Etna Investments disclosed total assets of
less than $50,000 and total liabilities of $1 million to $10
million.   

Judge Brian T. Fenimore oversees the cases.

The Debtors tapped Collins, Webster & Rouse, PC as their legal
counsel and Factso, LLC as their accountant.


NATURALSHRIMP INC: Expects to Get $4.9M Proceeds from Offering
--------------------------------------------------------------
NaturalShrimp Incorporated entered into a securities purchase
agreement on April 14, 2021, with an accredited investor, for the
offering of (i) $5,000,000 worth of common stock, par value $0.0001
per share, of the Company; at a per share purchase price of $0.55
per Share (ii) common stock purchase warrants to purchase up to an
aggregate of 10,000,000 shares of Common Stock, which are
exercisable for a period of five years after issuance at an initial
exercise price of $0.75 per share, subject to certain adjustments,
as provided in the Warrants; and (iii) 1,000,000 shares of Common
Stock.  Pursuant to the Purchase Agreement, the Purchaser is
purchasing the Shares, accompanying Warrants and Commitment Shares
for an aggregate purchase price of $5,000,000.  The number of
shares of common stock outstanding immediately after the Offering
was 573,280,090 shares (excluding the exercise of the warrants
offered in the Offering).  The Company expects to receive
approximately $4,925,000 in net proceeds from the Offering before
exercise of the Warrants and after deducting the discounts,
commissions, and other estimated offering expenses payable by the
Company.  The Company expects to use the net proceeds from the
Offering to redeem 2,450 shares of Series D Preferred Stock in the
aggregate amount of $3,658,800, for working capital and for general
corporate purposes.

The Shares, the accompanying Warrants and Commitment Shares will be
issued to the Purchaser in a registered direct offering, pursuant
to which the Shares, the Warrants, the Commitment Shares and the
shares of Common Stock issuable upon exercise of the Warrants, will
all be registered under the Securities Act of 1933, as amended,
pursuant to a prospectus supplement to the Company's currently
effective registration statement on Form S-3 (File No. 333-253953),
which was initially filed with the U.S. Securities and Exchange
Commission on March 5, 2021, and was declared effective on March
22, 2021.  A prospectus supplement for the Offering will be filed
on April 15, 2021 and will be available on the SEC's web site at
http://www.sec.gov.

The Purchase Agreement contains customary representations,
warranties and agreements by the Company and the other parties
thereto, customary conditions to closing, indemnification
obligations of the parties, including for liabilities under the
Securities Act and other obligations of the parties.

Further, pursuant to the terms of the Purchase Agreement, from
April 15, 2021, until the date that is the twelve-month anniversary
of the closing of the Offering, upon any issuance by the Company or
any of its subsidiaries of Common Stock or Common Stock Equivalents
for cash consideration, indebtedness or a combination of units
thereof, each Purchaser shall have the right to participate in up
to an amount of the Subsequent Financing equal to 100% of the
Subsequent Financing on the same terms, conditions and price
provided for in the Subsequent Financing.

Share Exchange Agreement

On April 14, 2021, the Company, entered into a share exchange
agreement with a holder of the Series D Preferred Stock, whereby,
at the closing of the Offering, the Holder has agreed to exchange
an aggregate of 3,600 shares of the Company's Series D Preferred
Stock, par value $0.0001 per share into approximately 3,739.63
shares of the Company's Series E Convertible Preferred stock, par
value $0.0001.  In connection with the Exchange Agreement, the
Company has filed a Certificate of Designation of Preferences of
the Series E Convertible Preferred Stock with the State of Nevada.

                  Certificate of Designations Confirmed

On April 14, 2021, the Secretary of State of the State of Nevada
delivered confirmation of the effective filing of the Company's
Certificate of Designations of the Series E Preferred Stock, which
established 10,000 shares of the Company's Series E Preferred
Stock, having such designations, rights and preferences as set
forth therein.

The shares of Series E Preferred Stock have a stated value of
$1,200 per share and are convertible into Common Stock at the
election of the holder of the Series E Preferred Stock at any time
at a price of $0.35 per share, subject to adjustment.  The Series E
Preferred Stock is convertible into that number of shares of Common
Stock determined by dividing the Series E Stated Value (plus any
and all other amounts which may be owing in connection therewith)
by the Conversion Price, subject to certain beneficial ownership
limitations.

Each holder of Series E Preferred Stock shall be entitled to
receive, with respect to each share of Series E Preferred Stock
then outstanding and held by such holder, dividends at the rate of
12% per annum, payable quarterly.

The holders of Series E Preferred Stock rank senior to the Common
Stock and Common Stock Equivalents (as defined in the Series E
Designation) with respect to payment of dividends and rights upon
liquidation and will vote together with the holders of the Common
Stock on an as-converted basis, subject to beneficial ownership
limitations, on each matter submitted to a vote of holders of
Common Stock (whether at a meeting of shareholders or by written
consent).

The Series E Designation are subject to certain Registration
Rights, whereby if the Corporation does not complete a market
listing to the NYSE American, the Nasdaq Capital Market, the Nasdaq
Global Market, the Nasdaq Global Select Market or the New York
Stock Exchange (or any successors to any of the foregoing) within
120 calendar days from the issuance of the Series E Preferred
Stock, the Company will, within ten calendar days, file a
registration statement covering the shares of Common Stock
underlying the Series E Preferred Shares. Additionally, the Company
will include the shares of Common Stock underlying the Series E
Preferred Shares in any registration statement which shall be
hereafter filed by the Company, subject to certain requirements, as
noted in the Series E Designation.

                         About Natural Shrimp

NaturalShrimp, Inc. is a publicly traded aqua-tech Company,
headquartered in Dallas, with production facilities located near
San Antonio, Texas. The Company has developed a commercially viable
system for growing shrimp in enclosed, salt-water systems, using
patented technology to produce fresh, never frozen, naturally grown
shrimp, without the use of antibiotics or toxic chemicals.
NaturalShrimp systems can be located anywhere in the world to
produce gourmet-grade Pacific white shrimp.

NaturalShrimp recorded a net loss of $4.81 million for the year
ended March 31, 2020, compared to a net loss of $7.21 million for
the year ended March 31, 2019.  As of Dec. 31, 2020, the Company
had $15.39 million in total assets, $9.60 million in total
liabilities,$208,333 in series D redeemable convertible preferred
stock, and $5.58 million in total stockholders' equity.

Turner, Stone & Company, L.L.P., in Dallas, Texas, issued a "going
concern" qualification in its report dated June 26, 2020, citing
that Company has suffered significant losses from inception and has
a significant working capital deficit.  These conditions raise
substantial doubt about its ability to continue as a going concern.


NEW RESONETICS: S&P Assigns 'B-' ICR on Debt Refinancing
--------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to
medical device contract manufacturer New Resonetics Holding Corp.
The outlook is stable.

S&P said, "We also assigned our 'B-' and 'CCC' issue-level ratings
to its first-lien secured debt and second-lien secured debt,
respectively. Recovery ratings are '3' and '6' for the first-lien
debt and second-lien debt, respectively. "The stable outlook
reflects our expectation for revenue growth of about 20% in 2021
(on a GAAP basis) and adjusted EBITDA margins in the high-20% area.
We also expect adjusted leverage to be about 7x and free operating
cash flow to turn modestly positive in 2022."

The business risk assessment reflects the company's small scale,
customer concentration, and operations in the highly fragmented
medical contract manufacturing industry. These factors are offset
by meaningful barriers to entry and long-tenured relationships with
key customers. Resonetics provides micro-manufacturing services to
medical device and diagnostic device manufacturers. Its core
capabilities include laser ablating, cutting, drilling, welding,
centerless grinding and nitinol processing. Its end-market exposure
includes neurovascular, diabetes, peripheral vascular, and
interventional cardiology therapeutic areas. Our business risk
assessment considers the company's long-standing and sticky
customer relationships. Although there are meaningful barriers to
entry, S&P also takes into account contract manufacturers' exposure
to pricing pressure from original equipment manufacturers (OEMs).

Over the past few years, Resonetics' capabilities have expanded
through a series of acquisitions that provide cross-selling
opportunities. Despite its increasing scale, we project Resonetics
to reach about $235 million of revenue by the end of 2021, smaller
than rated peers such as Integer Holdings Corp. S&P said, "We
believe the company's scale limits its ability to navigate ongoing
industry hurdles such as pricing and trade terms pressure from
larger, consolidating device manufacturers and increasing portfolio
expansion needs. At the same time, its established relationship
with OEM customers and high switching costs for customers due to
regulatory certifications and requirements create some barriers to
entry. Facility and manufacturing changes are uncommon in the
industry since revalidation can be disruptive, costly, and
time-consuming. Consequently, the company has long-lasting,
established relationships with key customers which average 15
years. We view the company's customer concentration risk as high,
with its top five customers representing about 60% of its total
revenue."

S&P said, "We believe manufacturers prefer to work with fewer
suppliers that have expanded capabilities, with the goal to reduce
complexity and improve quality and delivery. At the same time, we
expect larger customers to use scale and high bargaining power to
negotiate pricing and payment terms that are less favorable for
Resonetics and that it will likely have to make price concessions
for large volume contracts. However, we believe that the component
cost is a fraction of the total end product cost for customers,
which is why the pricing pressure will remain limited to 1%-2% per
year and can likely be offset by the company's improved operating
leverage and efficiencies as it grows in scale."

Resonetics' end-market exposure is generally favorable. The company
generates a material part of its revenue from high-growth end
markets. About 40% of its revenue comes from valves, catheters, and
guidewires for neurovascular, interventional cardiology, and
structural heart procedures; and about 30% of revenue comes from
its diabetes segment. The underlying growth in these markets is
supported by older and more active population and technological
advancements. In addition, given the higher acuity of many of its
end products, the impact from the COVID-19 pandemic on Resonetics
was less severe compared to other rated peers such as Tecostar
Holdings, Inc. and Femur Buyer, Inc., which are exposed to the
orthopedic implants market. The company reported above 30% revenue
growth (on a GAAP basis) in 2020, resulting from new program
launches through its Lightspeed Lab (engineering and consulting
services) and continued growth of existing programs.

S&P said, "We expect the company to continue pursuing an
acquisition-driven growth strategy to complement its organic
growth, keeping adjusted leverage in the 7x range. We also expect
modest free operating cash flow generation in projected years. We
expect during a normal operating environment the company's
financial sponsor to prioritize activities such as acquisitions and
shareholder returns over debt reduction and, consequently, for
adjusted leverage to remain above 5x the next several years. In
addition, we think its free operating cash flow to be slightly
negative in 2021 and turn modestly positive in 2022.

"Our stable outlook reflects revenue growth of about 20% in 2021
(on a GAAP basis) driven by new program launches and growth in
existing programs supported by attractive therapeutic end markets
in structural heart and diabetes. It also reflects slight growth in
the adjusted EBITDA margin that largely stays within the high-20%
area, driven by improved operating leveraging and lower cost
production in Costa Rica, partially offset by continued pricing
pressure. We expect adjusted leverage to be about 7x and free
operating cash flow to turn modestly positive in 2022.

"We would consider a downgrade if the company suffers from
operational missteps that cause loss of major contract and
customers, leading to prolonged cash flow deficits.

"We could consider an upgrade if the company continues to grow in
scale, sustains adjusted leverage below 7x, and achieves
free-operating cash flow to debt of 3% or more."


OCEAN AVENUE: Seeks Approval to Hire Wilcox Law Firm as Counsel
---------------------------------------------------------------
Ocean Avenue Sports Bar and Grill seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire Wilcox
Law Firm to handle its Chapter 11 case.

The standard rates charged by partners at Wilcox Law Firm range
from $250 to $350 per hour.  Associates charge between $165 and
$235 per hour.

Robert Wilcox, Esq., the firm's attorney who will be providing the
services, will charge $375 per hour.  

Wilcox Law Firm received a retainer in the amount of $6,000,
inclusive of $1,738 filing fee.

Mr. Wilcox disclosed in court filings that he and his firm are
"disinterested persons" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:
   
     Robert D. Wilcox, Esq.
     Wilcox Law Firm
     1301 Riverplace Blvd., Suite 800
     Jacksonville, FL 32207
     Telephone: (904) 405-1250
     Email: rw@wlflaw.com

              About Ocean Avenue Sports Bar and Grill

Ocean Avenue Sports Bar and Grill is a single asset real estate
debtor (as defined in 11 U.S.C. Section 101(51B)).

Ocean Avenue Sports Bar and Grill filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla.
Case No. 21-00638) on March 17, 2021.  Julie Lazecki, manager,
signed the petition.  At the time of the filing, the Debtor
disclosed total assets of less than $50,000 and total liabilities
of $1 million to $10 million.  Robert D. Wilcox, Esq., at Wilcox
Law Firm, represents the Debtor as legal counsel.


OZARK PARTNERS: Case Summary & 2 Unsecured Creditors
----------------------------------------------------
Debtor: Ozark Partners, Inc.
        2403 Lowell Road
        Gastonia, NC 28054

Business Description: Ozark Partners, Inc. Is a Single Asset Real
                      Estate (as defined in 11 U.S.C. Section
                      101(51B)).

Chapter 11 Petition Date: April 9, 2021

Court: United States Bankruptcy Court
       Western District of North Carolina

Case No.: 21-30195

Judge: Hon. Laura T. Beyer

Debtor's Counsel: Richard S. Wright, Esq.
                  MOON WRIGHT & HOUSTON, PLLC
                  121 West Trade Street
                  Suite 1950
                  Charlotte, NC 28202
                  Tel: 704-944-6560
                  Fax: 704-944-0380
                  E-mail: rwright@mwhattorneys.com

Total Assets: $3,008,325

Total Liabilities: $1,329,274

The petition was signed by Jennifer Beal, president.

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

https://www.pacermonitor.com/view/TWM45AQ/Ozark_Partners_Inc__ncwbke-21-30195__0001.0.pdf?mcid=tGE4TAMA


PALMS NL CONDOMINIUM: Hires Bakalar as Association Law Counsel
--------------------------------------------------------------
The Palms NL Condominium Association, Inc. seeks approval from the
U.S. Bankruptcy Court for the Southern District of Florida to
employ Bakalar & Associates, P.A. as its association law counsel.

The firm will represent the Debtor in its collection efforts, lien
foreclosure and other state court proceedings, and general
association matters.

The hourly rates charged by the firm are as follows:

     Junior Associates     $175 per hour
     Senior Associates     $200 per hour
     Senior Partners       $225 per hour
     Paralegal             $60 per hour

Leonard Wilder, Esq., the firm's attorney who will be providing the
services, disclosed in a court filing that he and his firm are
disinterested within the meaning of Section 327(a) of the
Bankruptcy Code.

The firm can be reached through;

     Leonard Wilder, Esq.
     Bakalar & Associates, P.A.
     12472 West Atlantic Boulevard
     Coral Springs, FL 33071
     Phone: (954) 475-4244
     Fax: (954) 475-4994

            About The Palms NL Condominium Association

The Palms NL Condominium Association, Inc. filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Fla. Case No. 21-12227) on March 8, 2021, listing under $1
million in both assets and liabilities. Judge Scott M. Grossman
oversees the case.

The Debtor tapped Hoffman, Larin & Agnetti, PA as its bankruptcy
counsel and Bakalar & Associates, P.A. as its association law
counsel.  Leigh Hoffman is the Debtor's chief restructuring
officer.


PATRICK INDUSTRIES: S&P Rates New $350MM Sr. Unsecured Notes 'B+'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '5'
recovery rating to Patrick Industries Inc.'s proposed $350 million
senior unsecured notes due 2029. The proposed notes will be pari
passu with the company's existing senior unsecured notes. Patrick
plans to use the proceeds from this issuance to partially repay the
outstanding balance on its revolving credit facility, pay
transaction-related expenses, and bolster cash balances for
acquisition opportunities. Concurrent with the debt issuance,
Patrick also plans to amend its credit facilities by upsizing the
term loan A to $150 million, resetting the term loan A's
amortization schedule, extending maturities, and revising the
covenant threshold, among other changes.

S&P said, "We forecast Patrick's S&P-adjusted gross debt to EBITDA
will be in the high-2x to 3.25x range in 2021 and 2022. Our
forecast assumes significant demand in 2021 and 2022 in the
company's recreational vehicle (RV), marine, industrial, and
manufactured homes end markets. In addition, we assume Patrick
significantly increases its total revenue by 30%-40% in 2021,
inclusive of pro forma acquired revenue, before the growth rate
moderates in 2022. Over this period, we assume the company's
adjusted EBITDA margin will be in the low-teens percent area."

S&P's 'BB-' issuer credit rating and stable outlook on Patrick are
unchanged.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P assigned its 'B+' issue-level rating and '5' recovery
rating to Patrick's proposed $350 million senior unsecured notes
maturing in 2029. The '5' recovery rating indicates its expectation
for modest recovery (10%-30%; rounded estimate: 25%) in the event
of a payment default. The 'B+' issue-level rating is one notch
below its 'BB-' issuer credit rating, reflecting secured borrowings
ahead of the proposed senior unsecured notes, as well as the
existing pari passu senior unsecured notes in the capital
structure.

-- S&P also incorporates the unrated, upsized senior secured term
loan A principal of $150 million pro forma for the proposed
amendments to the credit facilities.

-- The company's capital structure also comprises unrated senior
unsecured 1% convertible notes due 2023, which are junior with
respect to subsidiary guarantees compared to the proposed and
existing senior unsecured notes.

-- S&P raised its default scenario gross enterprise value for
Patrick to reflect the acquisitions completed in 2020 and year to
date in 2021.
-- S&P simulated default scenario contemplates a default occurring
in 2025 due to a prolonged economic downturn and a decline in
consumer credit availability, the combination of which
significantly reduces the demand for RV, marine, and housing
products. Such a downturn could also coincide with the company
undertaking debt-financed acquisitions.

-- S&P assumes that 85% of the $550 million revolver is drawn at
the time of default.

-- S&P has valued the company as a going concern using a 6x
multiple of our projected emergence EBITDA.

Simulated default assumptions

-- Year of default: 2025
-- EBITDA at emergence: $139 million
-- EBITDA multiple: 6.0x
-- Cash flow revolver: 85% drawn at default

Simplified waterfall

-- Gross recovery value: $832 million

-- Net recovery value (after 5% administrative expenses): $791
million

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

-- Estimated secured debt claims: $591 million

-- Estimated value available to secured debt lenders: $791
million

-- Estimated value available to senior unsecured noteholders: $200
million

-- Estimated senior unsecured notes claims: $670 million

    --Recovery expectations: 10%-30% (rounded estimate: 25%)

-- Estimated subordinated debt claims: $173 million

-- Estimated value available to subordinated convertible
noteholders: $0 million

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



PLAMEX INVESTMENT: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Plamex Investment, LLC
        6988 Beach Blvd, Suite B-215
        Buena Park, CA 90621

Business Description: Plamex Investment, LLC is a privately held
                      company whose principal assets are located
                      at 3100 E. Imperial Highway Lynwood, CA
                      90262.

Chapter 11 Petition Date: April 14, 2021

Court: United States Bankruptcy Court
       Central District of California

Case No.: 21-10958

Judge: Hon. Erithe A. Smith

Debtor's Counsel: Ron Bender, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
                  10250 Constellation Blvd., Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  Email: rb@lnbyb.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $100 million to $500 million

The petition was signed by Donald Chae, designated officer.

https://www.pacermonitor.com/view/6WPV4CQ/Plamex_Investment_LLC__cacbke-21-10958__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Planet Fitness                   Tenant Deposit        $103,074
125 E. Elm Street,
Suite 300
Conshohocken, PA 19428

2. Better & Best                        Vendor             $73,179
Building Service Inc.
1833 Avenida San Lorenzo
Fullerton, CA 92833

3. Southern California Edison         Utilities            $37,243
2244 Walnut Grove Avenue
Rosemead, CA 91770

4. Autofin USA                     Tenant Deposit          $36,142
3180 E. Imperial
Hwy. #G
Lynwood, CA 90262

5. GTO Security                        Vendor              $35,338
2202 S Figueroa Street,
Suite 134
Los Angeles, CA 90017

6. Bubbles Apparel                 Tenant Deposit          $30,076
2839 Sycamore Avenue
La Crescenta, CA 91214

7. Star Buffet Lynwood             Tenant Deposit          $25,000
11383 Long Beach Blvd
Lynwood, CA 90262

8. Waste Resources, Inc.              Utilities            $21,252
23 Corporate Plaza Drive,  
Suite 247
Newport Beach, CA 92660

9. Grupo Pakar LLC                 Tenant Deposit          $17,280
9595 Six Pines Drive
Suite 8210
The Woodlands, TX 77382

10. JPL Event Enterprise LLC       Tenant Deposit          $17,000
1238 South Beach Blvd
Anaheim, CA 92804

11. Jose Alan                      Tenant Deposit          $16,000
Sandoval-Iniquez
15137 San Jose Ave
Paramount, CA90723

12. Fashion Qrew                   Tenant Deposit          $14,418
1324 E. Washington Blvd
Los Angeles, CA 90021

13. Family Acupuncture &           Tenant Deposit          $14,000
Herb Clinic
3150 E. Imperial Hwy
B8-206
Lynwood, CA 90262

14. Bioncos La Huerta              Tenant Deposit          $12,507
8557 Orange Street
Downey, CA 90242

15. Real De Oaxaca                 Tenant Deposit          $12,360
11215 Long Beach
Blvd #1010
Lynwood, CA 90262

16. Pho VNK                        Tenant Deposit          $12,056
3180 E. Imperial Hwy, Suite C
Lynwood, CA 90262

17. Hip Hop Zone                   Tenant Deposit          $12,000
3100 E. Imperial Hwy #1009
Lynwood, CA 90262

18. Grupo Concordia LA             Tenant Deposit          $12,000
5919 San Miguel Road
Bonita, CA 91902

19. The Kickin' Crab               Tenant Deposit          $11,706
3170 Imperial Hwy
B4B102
Lynwood, CA 90262

20. Happy Land                     Tenant Deposit          $10,215
6732 Los Verdes Dr.
#3
Rancho Palos Verdes, CA 90275


PLATINUM CORRAL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Platinum Corral, L.L.C.
        521 New Bridge St.
        Jacksonville, NC 28540-5430

Business Description: Platinum Corral, L.L.C. is a multi-unit
                      franchise operator of Golden Corral Buffet-
                      Grill restaurants.

Chapter 11 Petition Date: April 9, 2021

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Case No.: 21-00833

Debtor's Counsel: Gerald A. Jeutter, Jr., Esq.
                  SMITH ANDERSON
                  150 Fayetteville Street, Ste. 2300
                  P.O. Box 2611
                  Raleigh, NC 27602-2611
                  Tel: 919-821-1220
                  Fax: 919-821-6800
                  Email: jjeutter@smithlaw.com

Debtor's
Accountant:       WILLIAMS SCARBOROUGH GRAY, LLP

Debtor's
Financial, Real
Estate and
Restructuring
Adviser:          CAPITAL INSIGHT, LLC

Debtor's
Interim
Chief
Financial
Officer:          BECKY P. O'DANIELL


Total Assets: $11,254,441

Total Liabilities: $49,389,647

The petition was signed by Louis William Sewell, III, president and
chief executive officer.

A full-text copy of the petition is available for free at:

https://www.pacermonitor.com/view/APKEJKI/Platinum_Corral_LLC__ncebke-21-00833__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. 1053 Lenoir Rhyne                    Rent              $246,885
Boulevard LLC
Mr. and Mrs. Russell Wachtier
740 Saint Nicholas Ave., Room 2
New York, NY 10031

2. ARC Cafeusa001 LLC                   Rent              $302,991
Zanesville OH
DEPT 880044 (ID082070)
PO Box 29650
Attn: Officer/Mgr. Phoenix, AZ 85038

3. Brinks Inc.                     Safe & Money           $109,201
Attn: Officer/Manager              Removal SVC
7373 Solutions Center
Chicago, IL 60677

4. Chillicothe Bowling Lanes Inc.       Rent              $182,000
Attn: Officer/Manager
1680 N Bridge St
Chillicothe, OH 45601

5. Dogwood State Bank                Trade Debt           $133,259
FKA Sound Bank
Attn: Officer/Manager
5401 Six Forks Rd,
Suite 100
Raleigh, NC 27609

6. Douglas Ray Higdon             Promissory Note         $220,334
391 Foxwood Dr.
Richmond, KY 40475

7. Greenup County Sheriff             Store 781            $51,223
Attn: Officer/Manager
PO BOX 318
Greenup, KY 41144

8. HP-Wakeforest GC, LLC                 Rent             $273,195
Holly Park Inv.-
Attn: Officer/Mgr.
PO Box 19669
Raleigh, NC 27619

9. Noble Properties Inc.           Rent for Store         $301,489
Attn: Officer/Manager                  2623
4280 Professional
Center Dr Ste 100
Palm Beach Gardens, FL 33410

10. Northeast Bank                   PPP2 Loan          $2,000,000
Attn: Loan Servicing Dept.
PO Box 171769
Boston, MA 02117

11. SBBH Golden Corral, LLC            Rent               $150,421
Attn: Officer/Manager
101 S Kings Drive,
Suite 200
Charlotte, NC 28204

12. Shuler Meats                    Trade Debt            $790,293
Attn: Officer/Manager
124 Shuler RD
Thomasville, NC 27360

13. STORE Master Funding III, LLC      Rent             $2,073,981
Attn: Michael Bennett, Exec. VP
8501 E. Princess Drive, Suite 190
Scottsdale, AZ 85255

14. Sumter County Treasurer         Store 2508             $47,800
Attn: Officer/Manager
PO BOX 100140
Columbia, SC 29202

15. SVCN 4 LLC                         Rent             $1,591,304
c/o The RMR Group LLC
Attn: Officer/Manager
255 Washington St.,
Suite 300 Newton, MA 02458

16. The Loan Source                 PPP Loan            $4,700,812
Attn: Officer/Manager
353 E 83rd St.
New York, NY 10028

17. Toler Properties, LLC             Rent                $175,058
Attn: Officer/Manager
330 Harper Park Dr.,
Suite G
Beckley, WV 25801

18. US Foods Inc.                Restaurant Food           $43,078
Attn: Officer/Manager              and Supplies
PO Box 602292
Charlotte, NC28260

19. Wake County Tax                  Property              $37,613
Administration                    Taxes - Store
Attn: Officer/Manager                 2485
PO BOX 580084
Charlotte, NC 28258

20. WSR Sumter-                        Rent               $261,618
c/o West Realty Group
Attn: Officer/Manager
875 Saint Nicholas Ave., Apt. 1
New York, NY 10032


PRESSURE BIOSCIENCES: Incurs $16 Million Net Loss in 2020
---------------------------------------------------------
Pressure Biosciences, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$16 million on $1.22 million of revenue for the year ended Dec. 31,
2020, compared to a net loss of $11.66 million on $1.81 million of
revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $2.30 million in total assets,
$19.22 million in total liabilities, and a total stockholders'
deficit of $16.92 million.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2015, issued a "going concern" qualification in its report dated
April 15, 2021, citing that the Company has a working capital
deficit, has incurred recurring net losses and negative cash flows
from operations.  These conditions raise substantial doubt about
its ability to continue as a going concern.

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

https://www.sec.gov/Archives/edgar/data/830656/000149315221008950/form10-k.htm

                      About Pressure Biosciences

Headquartered in South Easton, Massachusetts, Pressure Biosciences,
Inc. -- http://www.pressurebiosciences.com-- develops and sells
innovative, broadly enabling, pressure-based platform solutions for
the worldwide life sciences industry.  Its solutions are based on
the unique properties of both constant (i.e., static) and
alternating (i.e., pressure cycling technology, or "PCT")
hydrostatic pressure.  PCT is a patented enabling technology
platform that uses alternating cycles of hydrostatic pressure
between ambient and ultra-high levels to safely and reproducibly
control bio-molecular interactions (e.g., cell lysis, biomolecule
extraction).


PROFESSIONAL FINANCIAL: Tri Counties Says Disclosures Insufficient
------------------------------------------------------------------
Tri Counties Bank ("TCB") submitted a limited objection to the
joint motion for conditional approval of the Disclosure Statement
of Professional Financial Investors, Inc. ("PFI") and its
affiliated debtors and Official Committee of Unsecured Creditors.

TCB is the holder of eight secured claims against these jointly
administered Debtors: three with Professional Financial Investors,
Inc. and five with the LLC/LP Debtors. The eight claims total more
than $55.8 million and each claim is secured by a consensual first
lien in collateral valued by the Debtors in excess of the claim.
TCB is oversecured.

TCB claims that the Debtors and the Committees have spent
substantial time on numerous fronts to investigate the actions and
activities of the principals and operators of the Debtors and their
alleged pre-petition crimes and Ponzi scheme. The results of the
expansive investigation have not been disclosed to the Non Investor
First-Priority Lenders or to other Creditors.

TCB points out that the investigation reports and the
determinations, conclusions and recommendations concerning the
alleged pre-petition fraud and crimes of the Debtors, including the
alleged Ponzi, should be meaningfully disclosed before a disclosure
statement is approved.

TCB asserts that a disclosure statement should not be structured to
restrict the disclosure of known information to put interested
parties at risk post-confirmation while disclosing to those parties
that no objections exist otherwise to their claims.

TCB further asserts that the amended Plan fails to provide
protection for the oversecured Non-Investor First-Priority Lenders.
Indeed, as it now stands, the amended Plan provides a basis for a
post-petition trust to remove any Non-Investor First Priority
Lender's Collateral, to put the net proceeds into a postpetition
fund with no recovery rights to the applicable Non Investor
First-Priority Lender.

Attorneys for Tri Counties:

     Thomas G. Mouzes
     Mark Gorton
     BOUTIN JONES INC.
     Attorneys at Law
     555 Capitol Mall, Suite 1500
     Sacramento, CA 95814
     Phone: 916.321.4444
     Fax: 916.441.7597
     E-mail: tmouzes@boutinjones.com
             mgorton@boutinjones.com

          - and -

     MARK H. ATKINS
     BRUCE L. BELTON
     MARTHA EVENSEN OPICH
     TRI COUNTIES BANK LEGAL DEPARTMENT
     Post Office Box 992570
     Redding, CA 96099-2570
     Phone: (530) 879-4282
     Fax: (530) 248-3300
     Email: legalservice@tcbk.com

                 About Professional Financial Investors

Professional Financial Investors, Inc. and Professional Investors
Security Fund, Inc. are engaged in activities related to real
estate. PFI directly owns 28 real property locations in fee simple
and has an interest as a tenant in common at another real property
location, primarily consisting of apartment buildings and office
parks, located in Marin and Sonoma Counties, California, with an
aggregate value of approximately $108 million, according to an
early July 2020 valuation.

On July 16, 2020, a group of creditors filed an involuntary Chapter
11 petition (Bankr. N.D. Cal. Case No. 20-30579) against
Professional Investors Security Fund. On July 26, 2020,
Professional Financial Investors sought Chapter 11 protection
(Bankr. N.D. Cal. Case No. 20-30604). On Nov. 20, 2020,
Professional Financial Investors filed involuntary Chapter 11
petitions against Professional Investors Security Fund I, A
California Limited Partnership and 28 other affiliates. The cases
are jointly administered under Case No. 20-30604. Between February
3-4, 2021, Professional Financial Investors filed involuntary
Chapter 11 petitions against Professional Investors 31, LLC and
nine other affiliates. The cases are jointly administered under
Case No. 20-30579.

At the time of the filing, Professional Financial Investors
disclosed assets of between $100 million and $500 million and
liabilities of the same range.

Hannah L. Blumenstiel oversees the cases.

The Debtors tapped Sheppard, Mullin, Richter & Hampton, LLP, as
their legal counsel; Trodella & Lapping LLP as conflicts counsel;
Ragghianti Freitas LLP, Weinstein & Numbers LLP, Wilson Elser
Moskowitz Edelman & Dicker LLP, Nardell Chitsaz & Associates, and
Kimball Tirey & St. John, LLP as special counsel; and Donlin,
Recano & Company, Inc. as claims, noticing, and solicitation agent
and administrative advisor.

Michael Hogan of Armanino LLP was appointed as the Debtors' chief
restructuring officer. FTI Consulting, Inc. is the financial
advisor.

On Aug. 19, 2020, the Office of the U.S. Trustee appointed a
committee of unsecured creditors.  The committee is represented by
Pachulski Stang Ziehl & Jones.

Professional Investors 31 and affiliates tapped Sheppard, Mullin,
Richter & Hampton LLP as general bankruptcy counsel; Trodella &
Lapping LLP as conflicts counsel; FTI Consulting, Inc. as financial
advisor; and Armanino LLP as tax accountant.  Donlin, Recano &
Company, Inc. is the claims, noticing and solicitation agent.


QUINCY BAG: Seeks to Hire Robert J Murphy as Legal Counsel
----------------------------------------------------------
Quincy Bag Company, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Iowa to hire Robert J Murphy Law
Offices as its legal counsel.

The firm agrees to render these services:

     a. advise the Debtor with regard to matters of bankruptcy
law;

     b. represent the Debtor in court proceedings and hearings;

     c. assist in the administration of the estate's assets and
liabilities;

     d. prepare legal documents;

     e. provide advice concerning claims of secured and unsecured
credits; and

     f. prepare, negotiate and attain confirmation of a plan of
reorganization.

Robert J Murphy Law Offices will be paid $250 per hour for its
services. The firm received a retainer in the amount of $5,000.

The firm can be reached through:

     Robert J Murphy, Esq.
     Robert J Murphy Law Offices
     2496 Meinen Court
     Dubuque, IA 52002
     Phone:  563-557-9000
     Fax: 563-557-9025
     Email: mur12345@aol.com

                      About Quincy Bag Company

Quincy Bag Company, Inc. manufactures plastic bags.  The company
offers woven polypropylene, multi-wall paper, bulk and burlap bags,
and gunny sacks.

Quincy Bag Company filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Iowa Case No.
21-00202) on March 18, 2021. At the time of filing, the Debtor
estimated $100,001 to $500,000 in assets and 1 million to $10
million in liabilities.  Robert J Murphy Law Offices serves as the
Debtor's legal counsel.


R.R. DONNELLEY: S&P Assigns 'B+' to $350MM Senior Secured Notes
---------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '2'
recovery ratings to R.R. Donnelley & Sons Co.'s (RRD) proposed $350
million senior secured notes due 2026. The '2' recovery rating
indicates its expectation of substantial (70%-90%; rounded
estimate: 70%) recovery for lenders in the event of a payment
default.

S&P said, "We expect RRD to use the net proceeds from the proposed
notes to redeem $289 million of its existing term loan B facility
due January 2024 ($539 million was outstanding as of Dec. 31,
2020.)and pay down its revolver balance which the company will draw
on to repay $55.6 million of the 8.875% debentures due April 15,
2021. We view the proposed transaction to be neutral for leverage
and it would help extend the company's debt maturity schedule. Our
issuer credit rating on RRD remains 'B' with a stable outlook.

"Our 'B' issuer credit rating and stable outlook reflects that
adjusted leverage will likely decline from about 5.5x as of
December 2020 to between 4.6x and 4.8x by the end of 2021 driven by
the economic recovery and lower restructuring costs despite secular
headwinds faced by the commercial printing sector. We also continue
to expect RRD to prioritize debt paydowns supported by its free
cash flows and proceeds from asset sales."

Recovery Analysis

Key Analytical Factors:

-- S&P's simulated default scenario contemplates a default in
2024, resulting from an economic downturn and ongoing pricing
pressure due to the overcapacity in the commercial printing
industry.

-- R.R. Donnelley is the borrower under the senior secured
asset-based liability (ABL) facility due in 2022 and the senior
secured term loan due 2024. It is the issuer of the senior notes
with maturities from 2021-2031.

-- The company's domestic wholly owned subsidiaries (other than
immaterial subsidiaries) guarantee the ABL, the term loan, and the
proposed $350 million senior secured notes.

-- The term loan and proposed senior secured notes have a second
lien on the ABL collateral. The obligations outstanding under the
senior secured term loan and senior notes are secured by the
guarantors' assets (subject to exclusions) and a 65% pledge of the
capital stock of first-tier foreign subsidiaries.

-- The senior unsecured notes do not benefit from subsidiary
guarantees and limit liens on principal property (generally defined
as U.S. manufacturing facilities with a gross book value over 1% of
consolidated net tangible assets).

-- In S&P's analysis, it assumes entities that guarantee the
senior secured credit facilities represent about 60% of its net
emergence value while foreign nonguarantor entities and unpledged
assets represent about 40%.

Simulated default assumptions:

-- Year of default: 2024
-- EBITDA at emergence: about $200 million
-- Implied enterprise value (EV) multiple: 5x
-- ABL credit facility about 49% drawn at default based upon its
borrowing base

Simplified waterfall:

-- Net EV (after bankruptcy administrative costs): about $950
million

-- Value available to ABL facility: $817 million

-- Secured ABL facility claims: about $398 million

    --Recovery expectation: 90%-100% (rounded estimate: 95%)

-- Value available to senior secured debt claims: $419 million

-- Senior secured debt claims: about $601 million

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

-- Value available to senior unsecured claims: $133 million

-- Senior notes claims and pari passu deficiency secured debt
claims: about $1.14 billion

    --Recovery expectation: 10%-30% (rounded estimate: 10%)

Note: S&P's debt assumptions at default include six months of
prepetition interest



REGALIA BEACH: Creditors to be Paid in Full in Liquidating Plan
---------------------------------------------------------------
Regalia Beach Developers LLC, a debtor affiliate of Regalia Units
Owner LLC ("RUO"), filed with the U.S. Bankruptcy Court for the
Southern District of Florida, Miami Division, a Disclosure
Statement with the accompanying Liquidating Plan on April 13,
2021.

The Debtor is in the business of real estate and is the sole member
of RUO. RUO is the sole fee simple owner of two ultra-luxury
residential condominium apartment units at the Regalia Beach
Condominium located in Miami-Dade County, Florida (collectively
referred to as the "Properties").

The Debtor entered into a Settlement Agreement pursuant to which
Atalaya's secured claim against RUO in the amount of $31,800,000.00
(the "Atalaya Secured Claim") will be paid by RUO. Pursuant to that
same Settlement Agreement, Atalaya agreed to release RBD's Guaranty
and Pledge upon payment in full of the Atalaya Secured Claim. The
Settlement Agreement also provided for payment of the Carveouts
upon the sale of the Property, which secured a guaranteed payment
for unsecured creditors.

The Debtor entered into a settlement agreement in the state court
litigation with Montello, which provided for, among other things,
payment of the Montello Judgment in full by a third party, with no
payment by the Debtor, and the settlement of the SWM Claim.

The Debtor entered into a third settlement with the Regalia Ocean
Condominium Association and other co-defendants, which eliminated
the claim of the Association, which had been asserted as a general
unsecured claim in excess of $30 Million. The Association was paid
entirely from insurance proceeds at no cost to the estate.

As a result of the three settlements, the claims against the Debtor
were reduced by over $65 Million, and a series of complex
litigation matters were eliminated.

Class 2 consists of the SW Claim. The SW Claim will be paid in full
from the Creditor Carveout upon Debtor's receipt of the Carveout.
Class 2 is unimpaired.

Class 3 consists of the General Unsecured Claims.  The General
Unsecured claims include all Allowed claims of Unsecured Creditors
that are not part of Classes 1 or 2, subject to any Objections that
are filed and sustained by the Court. The Unsecured Creditors shall
receive a pro rata portion of any sums available from the Creditor
Carveout and Equity Payout after payment in full of Allowed Claims
in Classes 1 and 2. Class 3 is impaired.

Class 4 consists of the Deficiency Claim filed by Atalaya as Proof
of Claim no. 4. Proof of Claim No. 4 shall be disallowed in its
entirety and Atalaya shall receive no distribution on account of
its Class 4 Claim. Class 4 is impaired.

The Debtor shall retain any property remaining, including any
portion of the Carveouts that remain after payment of all Class 1,
2, and 3 Claims. The Debtor shall distribute any remaining proceeds
after payment of all Allowed Class 1, 2, and 3 Claims in full
pursuant to the terms of this Plan to its sole member Golden Beach
Manager, Inc. Class 5 is impaired.

The Debtor will fund the Plan with cash on hand and funds received
from RUO under the RUO Plan. Under the RUO Plan, the Debtor will
receive (a) a payment of $1 Million to pay nonprofessional
administrative claims and general unsecured claims (the "Creditor
Carveout"), (b) a payment of $250,000 to pay its professionals (the
"Professional Carveout"), and (c) an equity distribution available
after payment of the RUO Creditors pursuant to the RUO Plan (the
"Equity Payout"). The initial payment of $1,250,000 the
("Carveout") will be paid upon the sale of one or both of the
Properties, and the Equity Payout will be paid upon the sale of
both Properties and payment in full of the Atalaya Secured Claim
under the RUO Plan. The Debtor has approximately $18,000.00 cash on
hand.

Debtor's assets shall be liquidated, and there shall be no further
operations, other than the distributions to be made under the
Plan.

The Plan is a liquidating plan. The Debtor anticipates that the
creditors will be paid in full under the Plan based upon the RUO
Plan, the Carveouts and the value of the Properties. In the event
of a Chapter 7 liquidation, Atalaya will likely foreclose on the
Properties, a trustee would be appointed for the Debtor, adding
delay and expense to the estate, and the DIP Lender, unsecured
creditors, and equity holder would likely receive nothing.
Therefore, the Debtor believes the Plan is a better result for all
creditors than a liquidation.

The Debtor anticipates that it will receive $1,250,000 in Carveouts
plus approximately $4 to $7 Million as an Equity Payout. The Debtor
expects the Professional Carveout to pay the professional fees in
full. The Debtor also expects the Allowed Unsecured Claims to be
less than $200,000, and that the Creditor Carveout will be
sufficient to pay the SWM Claim ($300,000) and Allowed Unsecured
Claims (est. less than $200,000) in full. Finally, the Debtor
anticipates that Equity will receive a distribution, which will
depend on the sale of the Properties, the expenses associated with
the sale, and the ultimate distribution the Debtor receives from
its subsidiary RUO.

A full-text copy of the Disclosure Statement dated April 13, 2021,
is available at https://bit.ly/2QntPOU from from PacerMonitor.com
at no charge.

Counsel for Debtor:

     Linda Worton Jackson, Esq.
     Florida Bar No. 843164
     Linsey Marie Lovell
     Florida Bar No. 121581
     PARDO JACKSON GAINSBURG, PL
     100 SE First Street, Suite 700
     Miami, FL 33131
     Tel: (305) 358-1001
     Fax: (305) 358-2001
     E-mail: LJackson@pardojackson.com
             LLovell@pardojackson.com

                    About Regalia Units Owner

Regalia Units Owner LLC, and Regalia Beach Developers LLC, which
are engaged in activities related to real estate, sought Chapter 11
protection (Bankr. S.D. Fla. Lead Case No. 20-15747) on May 27,
2020. At the time of the filing, both Debtors disclosed assets of
between $10 million and $50 million and liabilities of the same
range.  Chief Judge Laurel M. Isicoff oversees the cases.  Pardo
Jackson Gainsburg, PL is the Debtors' legal counsel, and Mark
Pordes of Pordes Residential Sales and Marketing is the Debtors'
real estate agent.


SALON PROZ: Seeks to Hire David C. Hinton as Accountant
-------------------------------------------------------
Salon Proz, LLC, seeks approval from the U.S. Bankruptcy Court for
the District of South Carolina to hire David C. Hinton, CPA, PA to
provide accounting services during its Chapter 11 case.

The firm will be paid at the rate of $250 per hour for its
services.

David Hinton, the firm's accountant who will be providing the
services, disclosed in a court filing that he and his firm are
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     David C. Hinton, CPA
     David C. Hinton, CPA, PA
     123 Fayette St.
     Winston-Salem, NC 27101
     Phone: (336) 724-4261

                         About Salon Proz

Salon Proz, LLC, a Columbia, S.C.-based single asset real estate
debtor (as defined in 11 U.S.C. Section 101(51B)), filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D.S.C. Case No. 21-00820) on March 23, 2021.  Yvonne
Jones, the managing member and owner, signed the petition.  In the
petition, the Debtor disclosed $500,000 to $1 million in assets and
$1 million to $10 million in liabilities.  

Judge David R. Duncan oversees the case.

Moore Taylor Law Firm, PA and David C. Hinton, CPA, PA, serve as
the Debtor's legal counsel and accountant.


SAMM SOLUTIONS: Seeks Cash Collateral Access Thru May 15
--------------------------------------------------------
SAMM Solutions, Inc. asks the U.S. Bankruptcy Court for the
Southern District of California for entry of an order approving the
stipulation regarding the interim use of cash collateral and
adequate protection.

The Debtor and Pacific Premier Bank have entered into a stipulation
regarding the Debtor's use of cash collateral for purposes
described in the Budget from the date of the Stipulation through
May 15, 2021, or such later date as may be agreed to pursuant to a
written stipulation entered into by and between the Bank and the
Debtor and approved by the Court without the need for further
hearing. Subject to the Debtor remaining current on all obligations
to the Bank, the Bank agrees that it is adequately protected for
purposes of Bankruptcy Code section 363(e).

On July 10, 2017, the Debtor executed a US Small Business
Administration Note in favor of the Bank in the principal amount of
$1,307,600. On July 10, 2017, the Debtor executed a Business Loan
Agreement and a Commercial Security Agreement in favor of the Bank,
wherein the Debtor granted the Bank a first priority security
interest in all personal property of the Debtor, including
inventory, cash and accounts. The Bank recorded a UCC-1 Financing
Statement in 2017. The Bank therefore holds a first priority lien
on all cash, proceeds and product generated by the prepetition
collateral is "cash collateral" of the Bank within the meaning of
Bankruptcy Code section 363(a).

The material terms of the Stipulation include:

     (1) The Debtor may use the cash collateral up to the amount
and for the specific purposes set forth in the budget.

     (2) The Debtor will make monthly payments to the Bank in the
amount of $15,837.36 (or as designated by the Bank).

     (3) The Bank is granted a "replacement lien" pursuant to
Bankruptcy Code sections 361 and 363(e) in all prepetition and
postpetition assets in which and to the extent the Debtor holds an
interest, which lien is senior is in the same priority as its lien
in existence as of the Petition date and senior in priority to any
and all prepetition and postpetition claims, rights, liens and
interests.

A copy of the Debtor's motion is available for free at
https://bit.ly/3mFqozl from PacerMonitor.com.

                 About SAMM Solutions, Inc.

SAMM Solutions, Inc. -- http://www.btsresearch.com/-- is a San
Diego-based contract research organization that delivers GLP and
Non-GLP biological services to clients in the pharmaceutical,
biopharmaceutical, biotech, academic research, medical device and
related industries.

SAMM Solutions sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Cal. Case No. 19-04700) on Aug. 5, 2019.  At the
time of filing, the Debtor disclosed $999,443 in assets and
$5,869,629 in liabilities.

Judge Louise DeCarl Adler oversees the case.

The Debtor is represented by Stephen C. Hinze, Attorney at Law,
APC.



SC SJ Holdings: Seeks to Hire CHMWarnick as Special Hotel Advisor
-----------------------------------------------------------------
SC SJ Holdings, LLC and FMT SJ, LLC seek approval from the U.S.
Bankruptcy Court for the District of Delaware to employ CHMWarnick,
LLC as special hotel advisor.

The Debtors require a special hotel advisor to to conduct the
process for procuring a new operator or brand for the Fairmont San
Jose.

CHMWarnick will be paid at these rates:

     Richard Warnick              $925 per hour
     Managing Directors           $650 - $925 per hour
     Executive Vice Presidents    $450 - $550 per hour
     VPs and Sr. Vice Presidents  $325 - $425 per hour
     Associates and Managers      $175 - $225 per hour

Thomas Morone, managing director at CHMWarnick, disclosed in a
court filing that his firm is "disinterested" as that term is
defined in Section 101(41) of the Bankruptcy Code.

The firm can be reached through:

     Thomas F. Morone
     CHMWarnick, LLC
     548 Cabot Street
     Beverly, MA 01915
     Tel: 978-522-7000

                  About SC SJ Holdings and FMT SJ

San Ramon-based Eagle Canyon Management's SC SJ Holdings LLC owns
The Fairmont San Jose, an 805-room luxury hotel located at 170
South Market St., San Jose, Calif. The hotel is near many of the
largest Fortune 1000 corporations and is a popular location for
conferences and conventions, particularly in the technology
industry.

On March 5, 2021, SC SJ Holdings' affiliate, FMT SJ LLC, filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 21-10521).  On March 10, 2021, SC SJ
Holdings sought Chapter 11 protection (Bankr. D. Del. Case No.
21-10549). The cases are jointly administered under Case No.
21-10549.

At the time of the filing, SC SJ Holdings disclosed assets of
between $100 million and $500 million and liabilities of the same
range. FMT SJ disclosed that it had estimated assets of between
$500,000 and $1 million and liabilities of between $100 million and
$500 million.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Pillsbury Winthrop Shaw Pittman, LLP as their
bankruptcy counsel, Cole Schotz P.C. as local counsel, and Verity
LLC as financial advisor. Stretto is the claims agent and
administrative advisor.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee of unsecured creditors on March 26, 2021.  The committee
is represented by Seward & Kissel, LLP.


SC SJ HOLDINGS: Seeks to Hire Pillsbury Winthrop as Legal Counsel
-----------------------------------------------------------------
SC SJ Holdings, LLC and FMT SJ, LLC seek approval from the U.S.
Bankruptcy Court for the District of Delaware to employ Pillsbury
Winthrop Shaw Pittman, LLP as their bankruptcy counsel.

The firm's services include:

     a. advising the Debtors of their rights, powers and duties
under the Bankruptcy Code;

     b. assisting the Debtors in preparing their bankruptcy
schedules and statements of financial affairs;

     c. preparing legal papers and reviewing all financial
documents to be filed by the Debtors;

     d. taking all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on the Debtors'
behalf, defending any action commenced against the Debtors, and
representing the Debtors in negotiations concerning litigation in
which they are involved;

     e. preparing, filing and pursuing approval of the Debtor's
disclosure statement and confirmation of their Chapter 11 plan;

     f. representing the Debtors in matters before the Office of
the U.S. Trustee, meeting of creditors and court proceedings and
hearings; and

     g. performing all other legal services necessary to administer
the Debtors' Chapter 11 cases.

The attorneys presently designated to have primary responsibility
in representing the Debtors, and their hourly rates, are as
follows:

     Patrick J. Potter, Partner              $979.40
     Robert J. Grados, Partner             $1,003.00
     Christian A. Salaman Partner            $913.75
     Dania Slim, Partner                     $796.80
     Robert Wallan, Partner                $1,028.50
     Jonathan R. Doolittle, Special Counsel  $817.55
     Rahman Connelly, Counsel                $805.10
     Melissa Pettit, Associate               $630.80
     L. James Dickinson, Associate           $444.05
     Kelsey Lieb, Paralegal                  $310.25
     Lucette Frederique, Research Services   $280.50

Pillsbury received a retainer in the amount of $100,000, which was
supplemented by $75,000 on Sept. 3, 2020, another $75,000 on Dec.
8, 2020, another $180,000 on Feb. 11, 2021, and another $500,000 on
March 3, 2021.  The current balance of the retainer is
$540,369.88.

Deryck Palmer, Esq., at Pillsbury, disclosed in a court filing that
his firm is "disinterested" as such term is defined in Section
101(14) the Bankruptcy Code.

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

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

     Response: Yes.  Pillsbury professionals working on this matter
will bill at a 15 percent to 17 percent discount to their standard
hourly rates due to what the firm considers unique circumstances in
the case.

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

     Response: No.

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

     Response: Pillsbury represented the client for approximately
eight months during the 12-month period prepetition. The material
financial terms for the prepetition engagement remained the same as
the engagement was hourly-based.  The billing rates and material
financial terms for the post-petition period remain the same as the
prepetition period.  The standard hourly rates of Pillsbury are
subject to periodic adjustment in accordance with the Firm’s
practice.

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

     Response: The Debtors and their professionals are currently
formulating a detailed budget, recognizing that in the course of a
case like the Debtors' Chapter 11 cases, it is highly likely that
there may be a number of unforeseen fees and  expenses that will
need to be addressed by the Debtors and their professionals.

Pillsbury can be reached through:

     Deryck A. Palmer, Esq.
     Pillsbury Winthrop Shaw Pittman LLP
     1540 Broadway
     New York, NY 10036-4039
     Tel: 212-8585-1000
     Fax: 212-858-1500
     Email: deryck.palmer@pillsburylaw.com

                  About SC SJ Holdings and FMT SJ

San Ramon-based Eagle Canyon Management's SC SJ Holdings LLC owns
The Fairmont San Jose, an 805-room luxury hotel located at 170
South Market St., San Jose, Calif. The hotel is near many of the
largest Fortune 1000 corporations and is a popular location for
conferences and conventions, particularly in the technology
industry.

On March 5, 2021, SC SJ Holdings' affiliate, FMT SJ LLC, filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 21-10521).  On March 10, 2021, SC SJ
Holdings sought Chapter 11 protection (Bankr. D. Del. Case No.
21-10549). The cases are jointly administered under Case No.
21-10549.

At the time of the filing, SC SJ Holdings disclosed assets of
between $100 million and $500 million and liabilities of the same
range. FMT SJ disclosed that it had estimated assets of between
$500,000 and $1 million and liabilities of between $100 million and
$500 million.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Pillsbury Winthrop Shaw Pittman, LLP as their
bankruptcy counsel, Cole Schotz P.C. as local counsel, and Verity
LLC as financial advisor. Stretto is the claims agent and
administrative advisor.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee of unsecured creditors on March 26, 2021.  The committee
is represented by Seward & Kissel, LLP.


SEADRILL PARTNERS: Has Deal With Parent, Files 3rd Amended Plan
---------------------------------------------------------------
Debtor Seadrill Limited and Seadrill Partners LLC jointly request
approval from the U.S. Bankruptcy Court for the Southern District
of Texas of a global settlement of disputes relating to the
existing management services agreements under which certain
Seadrill  Limited Debtors manage SDLP's and its subsidiaries'
business operations (the "Settlement").  

The Settlement will comprehensively resolve disputes regarding
prepetition claims between the parties, postpetition charges under
the management and administrative services agreements between the
Parties, and go-forward transition services.  Approval of the
Settlement will maximize the value of both sets of estates and
permit both groups of Debtors to focus on their respective
operations and restructuring transactions.

The Settlement contemplates that the Debtors will mutually waive
prepetition claims against each other, including the Seadrill
Limited Debtors' lien claims and the SDLP Debtors' claims related
to the prepetition application of cash in satisfaction of alleged
amounts owed under the MSAs.  SDLP will settle Seadrill Limited's
accrued postpetition claims for management services with a
mutually-agreed cash payment, consisting of full payment of
pass-through costs incurred on behalf of the SDLP Debtors, plus an
agreed payment for allocated overhead.  The Parties have also
agreed to the scope and cost of transition and restructuring
support services that the Seadrill Limited Debtors will provide to
effectuate the transition to the SDLP Debtors' new management
service providers, as well as the timing of related payments to be
made by the SDLP Debtors in respect thereof.

The Settlement provides for the following material terms, subject
to Court approval:  

  * SDLP will pay a total fixed amount of $11,250,000, to be paid
within 3 business days of the date of entry of the Settlement Order
(the "Effective Date") on account of management services provided,
consisting of $2,250,000 per month from Dec. 1, 2020 through April
30, 2021; the fixed fee covers all rigs, regardless of operating
status, and access to the capital spares pool through April 30,
2021;

  * SDLP will pay Seadrill Limited operating fees of $25,000 per
day for each of the West Vela and West Capella rigs, effective May
1, 2021, through the date that any third party MSA provider is then
in control of any respective rig;

  * SDLP will pay Seadrill Limited for unpaid pass-through costs
accrued in December 2020, January 2021, and February 2021, in the
amount of $6,479,265, within 3 business days of the Effective
Date;

  * SDLP will directly pay restructuring and transition fees to
Seadrill Limited in a total amount of $3,000,000, inclusive of,
including $750,000 for restructuring services (the "Restructuring
Services Fee") for the period December 2020 through June 2021, and
$2,250,000 (the "Transition Support Fee"), payable in three parts
and prorated equally on a per-rig basis, with the initial payment
of 33% within three days of the Effective Date, 33% within  60 days
of the Effective Date, and 33% no later than June 30, 2021;
provided, however that the final 33% for the West Vela and West
Capella rigs will be paid on the earlier of (i) turnover or (ii) 60
days after the end of the operating period (as applicable to each
rig);

  * Within 3 business days of the Effective Date, SDLP will fund $9
million in cash, which is equal to an estimated 60 days of payments
(based on historical payments, estimated and agreed among the
Parties prior to the Effective Date) due to Seadrill Limited under
this Settlement into a separate, segregated SDLP bank account to be
used for the sole purpose of securing payments under this
Settlement (the "Segregated Account");

  * Seadrill Limited shall waive all claims it may hold with
respect to the SDLP estates, whether administrative, general
unsecured, or otherwise, including, for the avoidance of doubt, any
lien claims under Louisiana law;

  * SDLP shall waive all claims against Seadrill Limited's estates,
including, for the  avoidance of doubt, those related to the $19.4
million cash sweep from November 2020;

  * each of the Parties will support SDLP and Seadrill Limited in
connection with their  respective restructurings and confirmation
of a chapter 11  plan  of  reorganization in each other's chapter
11 cases and will not object to confirmation of the other's Plan,
except to the extent inconsistent with this Settlement;  

  * the Settlement Order will contain full mutual debtor releases
of all claims and causes of action, other than the Parties’
obligations under the Settlement, by (a) SDLP in favor of Seadrill
Limited and its affiliates, related parties, and, for the avoidance
of doubt, current and former directors and officers and (b)
Seadrill Limited in favor of SDLP and its  affiliates, related
parties, and, for the avoidance of doubt, current and former
directors and officers;

  * within three business days after the Effective Date, SDLP will
amend the SDLP Plan and corresponding disclosure statement to
modify the debtor and third-party releases to be consistent with
the Term Sheet;

  * Seadrill Limited shall provide data for each SDLP rig,
including data related to direct-hire personnel, bank accounts,
insurance policies, legal-entity history, and capital spares, among
other things; and

  * Seadrill Limited shall provide appropriate access to certain
shore-based and offshore personnel.

                       Third Amended Plan

Approval of the Settlement requires modifications to the Second
Amended Joint Chapter 11 Plan of Reorganization of Seadrill
Partners LLC and Its Debtor Affiliates (as amended, the "SDLP
Plan") to make it consistent with the terms of the Settlement,
including modifications to the debtor and non-debtor releases
contained in the SDLP Plan.  Accordingly, the SDLP  Debtors filed
the Third Amended Joint Chapter 11 Plan of Reorganization of
Seadrill Partners LLC and its Debtor Affiliates Pursuant to Chapter
11 of the Bankruptcy Code (the "SDLP Third  Amended Plan")
contemporaneously.  

Given that the SDLP Debtors began soliciting votes to accept or
reject the SDLP Plan prior to filing the SDLP Third Amended Plan,
the SDLP Debtors propose distributing a supplemental notice to all
parties in interest receiving the confirmation hearing notice to
apprise them of the changes reflected in the SDLP Third Amended
Plan so that they make fully informed decisions whether to, among
other things, "opt out" of the SDLP  Plan's third-party release
provisions.  Because the SDLP Debtors do not believe the
modifications reflected in the SDLP Third Amended Plan require a
re-solicitation of votes on the SDLP Plan, the SDLP Debtors believe
this mechanism appropriately balances the need to protect parties'
due process rights and a desire to efficiently use estate
resources.

A copy of the Third Amended Plan is available at
https://bit.ly/3trnS24

                      About Seadrill Partners

Seadrill Partners LLC (NYSE: SDLP) is a limited liability company
formed by deep-water drilling contractor Seadrill Ltd.
(OTCMKTS:SDRLF) to own, operate and acquire offshore drilling rigs.
It was founded in 2012 and is headquartered in London, the United
Kingdom.  Seadrill Partners, set up as an asset-holding unit, owns
four drillships, four semi-submersible rigs and three so-called
tender rigs which are all operated by Seadrill Ltd.

Seadrill Partners and its affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Lead Case No. 20-35740) on Dec. 1, 2020.  Mohsin
Y. Meghji, managing partner at M3 Partners, acting as the Company's
Chief Restructuring Officer, signed the petitions.

Judge Marvin Isgur oversees the cases.

Seadrill Partners disclosed $4,579,300,000 in assets and
$3,122,300,000 in total debts as of June 30, 2020.

Kirkland & Ellis LLP and Kirkland & Ellis International LLP, and
Jackson Walker LLP are the Debtors' bankruptcy counsel.  The
Debtors also tapped Sheppard Mullin Richter & Hampton, LLP to serve
as conflicts counsel and KPMG LLP to provide tax provision and
consulting services.

                        About Seadrill Ltd.

Seadrill Limited (OSE:SDRL, OTCQX:SDRLF) --
http://www.seapdrill.com/-- is a deepwater drilling contractor
providing drilling services to the oil and gas industry.  As of
March 31, 2018, it had a fleet of over 35 offshore drilling units
that include 12 semi-submersible rigs, 7 drillships, and 16 jack-up
rigs.

On Sept. 12, 2017, Seadrill Limited sought Chapter 11 protection
after reaching terms of a reorganization plan that would
restructure $8 billion of funded debt.  It emerged from bankruptcy
in July 2018.

Demand for exploration and drilling has fallen further during the
COVID-19 pandemic as oil firms seek to preserve cash, idling more
rigs and leading to additional overcapacity among companies serving
the industry.

In June 2020, Seadrill wrote down the value of its rigs by $1.2
billion and said it planned to scrap 10 rigs.  Seadrill said it is
in talks with lenders on a restructuring of its $5.7 billion bank
debt.

On Feb. 7, 2021, Seadrill GCC Operations Ltd., Asia Offshore
Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2
Limited, and Asia Offshore Rig 3 Limited sought Chapter 11
protection.  Seadrill GCC estimated $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

Additionally, on Feb. 10, 2021, Seadrill Limited and 114 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy Code with the Court.  The lead case
is In re Seadrill Limited (Bankr. S.D. Tex. Case No. 21-30427).

Seadrill Limited disclosed $7.291 billion in assets against $7.193
billion in liabilities as of the bankruptcy filing.

In the new Chapter 11 cases, Kirkland & Ellis LLP is counsel for
the Debtors.  Houlihan Lokey, Inc., is the financial advisor.
Alvarez & Marsal North America, LLC, is the restructuring advisor.
The law firm of Jackson Walker L.L.P. is co-bankruptcy counsel.
The law firm of Slaughter and May is co-corporate counsel.
Advokatfirmaet Thommessen AS is serving as Norwegian counsel.
Conyers Dill & Pearman is serving as Bermuda counsel.  Prime Clerk
LLC is the claims agent.


SHAW 3RD HOLDINGS: Hires RoganMillerZimmerman as Legal Counsel
--------------------------------------------------------------
Shaw 3rd Holdings, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Columbia to hire RoganMillerZimmerman,
PLLC to handle its Chapter 11 case.

RoganMillerZimmerman will be paid at the rate of $425 per hour for
its services.

The firm received an initial retainer in the amount of $35,000.

Christopher Rogan, Esq., a principal at RoganMillerZimmerman,
disclosed in a court filing that his firm is "disinterested" as
that term is defined in Section 101(41) of the Bankruptcy Code.

The firm can be reached through:

     Christopher L. Rogan, Esq.
     RoganMillerZimmerman, PLLC
     50 Catoctin Circle, NE, Suite 333
     Leesburg, VA 20176
     Phone: (703) 777-8850
     Fax: (703) 777-8854
     Email: crogan@RMZLawFirm.com

                     About Shaw 3rd Holdings

Shaw 3rd Holdings, LLC filed a voluntary Chapter 7 petition (Bankr.
D. D.C. Case No. 20-00467) on Dec. 2, 2020.  The court converted
the case to one under Chapter 11 on Feb. 24, 2021.  Judge Elizabeth
L. Gunn oversees the case.  Christopher Rogan, Esq., at
RoganMillerZimmerman, PLLC, represents the Debtor as legal counsel.


SIMPLE SITEWORK: Unsecureds Will Receive 20% of Their Claims
------------------------------------------------------------
Simple Sitework, Inc., filed a Second Amended Plan of
Reorganization.

The Plan proposes to pay creditors from future income.

Secured creditors will be paid in full with interest over time.
Third Coast Bank, SSB, in Class 3(b), has filed three secured
claims.  It filed a claim for a commercial loan in the amount of
$2,559,532, a PPP loan in the amount of $391,000 and a truck loan
on a 2018 Ford F150 in the amount of $29,398.  The payment on the
commercial loan will be $27,148 per month including 5% interest for
120 months after deducting the adequate protection payments, with
the first monthly payment being due and payable on the 15th day of
the first full calendar month following 60 days after the effective
date of the plan.  The PPP loan has been forgiven and pursuant to
new SBA Rules and Guidelines, the $10,000 grant has also been
forgiven by the SBA.  The truck payment is $707 per month.  This
class is impaired.

Class 4 General Unsecured Claims will each be paid 20% of their
claims over 60 months.  The payments will be monthly and the first
payment is due and payable on the 15th day of the first full month
following the effective date of the plan.

A copy of the Second Amended Plan of Reorganization is available at
https://bit.ly/3uLVxUs from PacerMonitor.com.

                      About Simple Sitework

Simple Sitework, Inc., is a locally owned and operated company
providing residential and commercial site-work throughout Southeast
Texas.

Simple Sitework filed a voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Texas Case No. 20-34508) on
Sept. 11, 2020.  Judge Jeffrey P. Norman oversees the case.
Margaret M. McClure, Esq., is the Debtor's bankruptcy counsel.


SOUTH PARK CLUBHOUSE: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------------
Debtor: South Park Clubhouse, LTD
        2200 Brownsville Road
        South Park, PA 15129

Chapter 11 Petition Date: April 9, 2021

Court: United States Bankruptcy Court
       Western District of Pennsylvania

Case No.: 21-20856

Debtor's Counsel: David Z. Valencik, Esq.
                  CALAIARO VALENCIK
                  938 Penn Avenue, 5th Fl.
                  Suite 501
                  Pittsburgh, PA 15222
                  Tel: 412-232-0930
                  Fax: 412-232-3858
                  E-mail: dcalaiaro@c-vlaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mary Morosetti, authorized
representative.

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

https://www.pacermonitor.com/view/NQ5DZUQ/South_Park_Clubhouse_LTD__pawbke-21-20856__0001.0.pdf?mcid=tGE4TAMA


SOUTHERN ROCK: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 case of Southern Rock & Lime, Inc., according to court dockets.
    
                   About Southern Rock & Lime

Southern Rock & Lime, Inc. filed for Chapter 11 protection (Bankr.
N.D. Fla. Case No. 21-50021) on Feb. 24, 2021. James E. Clemons,
Jr., president, signed the petition.  At the time of the filing,
the Debtor disclosed $1 million to $10 million in both assets and
liabilities. Judge Karen K. Specie oversees the case.  Bruner
Wright, PA serves as the Debtor's counsel.


STANTON VIEW: Seeks to Hire Wolff & Orenstein as Legal Counsel
--------------------------------------------------------------
Stanton View Development, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire Wolff &
Orenstein, LLC as its legal counsel.

The firm's services include:

     a. representing the Debtor at the initial interview and
meeting of creditors;

     b. advising the Debtor in connection with the formulation,
negotiation and promulgation of a plan of reorganization and
related documents;

     c. assisting in the negotiation and documentation of financing
agreements, debt restructuring and related transactions;

     d. preparing legal documents and reviewing all financial
reports to be filed in the Debtor's Chapter 11 case; and

     e. other legal services necessary to administer the Debtor's
bankruptcy case.

The hourly rates charged by Wolff & Orenstein are as follows:

     Members               $490 per hour
     Associates            $275 per hour
     Law Clerks            $200 per hour
     Office Assistants     $150 per hour

Prior to its bankruptcy filing, the Debtor provided the firm a
retainer of $25,000, plus a deposit of $2,000 to cover the filing
fee and other costs.

As disclosed in court filings, Wolff & Orenstein does not hold any
interest adverse to the Debtor and its bankruptcy estate.

The firm can be reached through:

     Michael G. Wolff, Esq.
     Wolff & Orenstein, LLC
     15245 Shady Grove Road
     North Lobby, Suite 465
     Rockville, MD 20850
     Tel: 301-250-7232
     Fax: 301-816-0592
     Email: mwolff@wolawgroup.com

                  About Stanton View Development

Stanton View Development, LLC is a privately held company in the
residential building construction business.

Stanton View Development filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No.
21-11810) on March 23, 2021.  Donte Lee, managing member, signed
the petition.  At the time of the filing, the Debtor disclosed
$567,519 in assets and $2,291,972 in liabilities.  Wolff &
Orenstein, LLC is the Debtor's legal counsel.


STARCO VENTURES: Case Summary & 4 Unsecured Creditors
-----------------------------------------------------
Debtor: Starco Ventures, Inc.
        10701 US Hwy19 North
        Pinellas Park, FL 33782

Chapter 11 Petition Date: April 7, 2021

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 21-01673

Debtor's Counsel: Buddy D. Ford, Esq.
                  BUDDY D. FORD, P.A.
                  9301 West Hillsborough Avenue
                  Tampa, FL 33615-3008
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543
                  E-mail: All@tampaesq.com

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Jacques de brujin, director/president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at

A full-text copy of the petition is available for free at:

https://www.pacermonitor.com/view/AZ665FA/Starco_Ventures_Inc__flmbke-21-01673__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Four Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Camarque Ltd                    Future Interest     $52,000,000
PO Box 187                           in property
Gingerland, Nevis

2. Matthew D. Weidner, Esq.           Services             $50,000
250 Mirror Lake
Drive North
Saint Petersburg, FL 33701

3. Rick Richards, Inc.                                     $31,450
24605 53rd Avenue
East Myakka City, FL 34251

4. City of Bradenton                    Code                    $0
101 12th Street West                Enforcement
Bradenton, FL 34205                    Liens


SUMMIT FAMILY: Gets OK to Hire Sacks Tierney as Legal Counsel
-------------------------------------------------------------
Summit Family Restaurants Inc. received approval from the U.S.
Bankruptcy Code for the District of Arizona to hire Sacks Tierney
P.A. to handle its Chapter 11 case.

The firm will be paid as follows:

     Partners       $325 to $545 per hour
     Associates     $240 to $345 per hour
     Paralegal      $185 to $220 per hour

Sacks Tierney is a disinterested party and does not hold or
represent an interest adverse to the Debtor's estate, according to
court papers filed by the firm.

The firm can be reached through:

      Wesley D. Ray, Esq.
      Sacks Tierney, P.A.
      4250 N Drinkwater Blvd., 4th Floor
      Scottsdale, AZ 85251-3693
      Tel: 480-425-2600
      Email: Wesley.Ray@sackstierney.com

                 About Summit Family Restaurants

Summit Family Restaurants Inc. owns and operates Denver restaurant
Casa Bonita.  The restaurant, which opened in 1974, shut its doors
in March 2020, at the beginning of the COVID-19 pandemic.

Summit's parent, Star Buffet, Inc., owns and operates restaurants
in several western states, Oklahoma, and Florida.  It operates
restaurants under the HomeTown Buffet, JB's Restaurants,
BuddyFreddys, JJ North's Country Buffet, Holiday House, Casa
Bonita, and North's Star Buffet names. Star Buffet's restaurants
provide customers with a variety of fresh food at moderate prices.

Summit Family Restaurants filed a petition under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
21-02477) on April 6, 2021.  The Debtor disclosed total assets of
$3.682 million and total liabilities of $4.425 million as of March
31, 2021.

Wesley Denton Ray, Esq., at Sacks Tierney P.A., serves as the
Debtor's legal counsel.


SUNERGY CALIFORNIA: Committee Seeks to Hire Downey Brand as Counsel
-------------------------------------------------------------------
The official committee of unsecured creditors of Sunergy
California, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of California to retain Downey Brand, LLP as
its legal counsel.

The firm's services include:

     (a) advising the committee with respect to all matters and
proceedings in the Debtor's Chapter 11 case;

     (b) assisting the committee in litigation that arises in
connection with the case;

     (c) investigating and potentially prosecuting avoidance or
preferential transfer actions on behalf of the committee;

     (d) negotiating or challenging as necessary the Debtors' plan
of reorganization and disclosure statement;

     (e) negotiating with the Debtor and other constituencies as
necessary;

     (f) assisting in the committee's investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtor;

     (g) advising the committee with respect to the appointment of
a trustee or examiner, or any other legal proceeding involving the
interests represented by the committee;

     (h) other legal services mutually agreed to by the committee
and the firm.

The customary hourly rates for the attorneys initially assigned to
the case are as follows:

     Jamie P. Dreher, Partner    $470
     Paul R. Gaus, Associate     $325

The rates charged by Downey Brand's associate attorneys range from
$250 to $370 per hour.  Paralegals charge between $220 and $270 per
hour.

Downey Brand does not hold or represent any interest adverse to the
Debtor's estate, according to court papers filed by the firm.

The firm can be reached through:

     Jamie P. Dreher, Esq.
     Paul R. Gaus, Esq.
     Downey Brand LLP
     621 Capitol Mall, 18th Floor
     Sacramento, CA 95814-4731
     Tel: 916-444-1000
     Fax: 916-444-2100
     Email: jdreher@downeybrand.com
     Email: pgaus@downeybrand.com

                     About Sunergy California

Sunergy California LLC -- http://www.sunergyus.com/-- is a solar
module supplier.  It was founded in 2016 and is headquartered and
has module production facilities in Sacramento, Calif.
                      
Sunergy California filed a Chapter 11 petition (Bankr. E.D. Calif.
Case No. 21-20172) on Jan. 20, 2021.  In the petition signed by Lu
Han, chairman, the Debtor disclosed total assets of $7,629,993 and
total liabilities of $17,226,553.  Judge Christopher M. Klein
oversees the case.

Gonzalez & Gonzalez Law, P.C. and RKF Global PLLC serve as the
Debtor's bankruptcy counsel and special counsel, respectively.

The U.S. Trustee for Region 17 appointed an official committee of
unsecured creditors on March 17, 2021.  The committee is
represented by Downey Brand, LLP.


TELESAT CANADA: S&P Rates New US$500MM Senior Secured Notes 'BB-'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level and '3' recovery
ratings to Telesat Canada's proposed US$500 million senior secured
note issuance due in 2026. The '3' recovery rating reflects its
expectation of meaningful (50%-70%; rounded estimate: 60%) recovery
in a default scenario. The 'BB-' issue-level and '3' recovery
ratings on Telesat's existing secured debt are unchanged.

S&P said, "We expect the company will use the proceeds to fund its
Lightspeed program (LEO constellation) through its unrestricted
subsidiary. As a result of the additional debt, we anticipate
leverage will increase by about 1.2x to about 7.5x in 2021, which
we view to be credit negative and greater than our current downside
threshold on the issuer credit rating (BB-/Watch Neg/--). At the
same time, all our ratings on Telesat are unchanged and remain on
CreditWatch with negative implications, where they were placed Feb
10, 2021."

ISSUE RATINGS - RECOVERY ANALYSIS

Key analytical factors:

-- S&P's simulated default scenario considers that a meaningful
decline in demand in the GEO (geosynchronous equatorial orbit)
satellite business could eventually affect the company's ability to
generate adequate EBITDA to cover its fixed-charge requirements,
with liquidity being used up to cover cash shortfalls, and results
in a payment default.

-- S&P said, "In such a scenario, we anticipate that Telesat would
likely remain a going concern. Therefore, we consider the cash flow
generating operations of the existing GEO operations as the main
source of recovery value for restricted group lenders/noteholders.

-- S&P said, "At this point in time, our analysis excludes the
unrestricted group that houses the LEO project. We estimate a gross
recovery value of about C$2.25 billion assuming a 5.5x multiple and
about C$411 million emergence EBITDA."

-- S&P assumes that the company, in a reorganization, would be
able to stabilize its cash flows by rationalizing costs but remains
about 40% below current EBITDA levels at emergence.

-- S&P's 5.5x multiple reflects the relative stability of
recurring cash flows and high profitability, albeit with slowing
growth.

S&P said, "Based on these factors, we have revised the recovery
estimate on the existing senior secured debt to 60% from 55%, while
the recovery rating of '3' and 'BB-' issue-level rating remain
unchanged.

"While we understand that US$1.6 billion in aggregate assets
(including cash and C-band spectrum assets) were transferred from
the restricted group of subsidiaries into an unrestricted
subsidiary (in the form of equity capital/contribution investment)
that will house the LEO project and the proposed US$500 million
issuance will also be transferred to the unrestricted subsidiary as
equity capital, we anticipate that proceeds from these transferred
cash and assets will be used to fund the US$5 billion LEO project,
which we understand would entail a 60%-65% debt structure at the
unrestricted subsidiary level.

"Given the significant scale of the project and the inherent risks
due to the potential for time delay, cost overruns, and execution
risk, in addition to the project not having yet obtained full
financing, we have excluded the LEO unrestricted subsidiary from
our recovery analysis at present. We anticipate that we will review
our recovery analysis once the company obtains fully committed
financing for the project and thereafter we will consider the
various stages of completion of the project phases. On completion
of each constellation phase and the commencement of
income-generating operations, we will then consider the valuation
of each constellation phase.

"Our recovery analysis yields a net recovery value of about C$2.15
billion, based on a 5.5x multiple of about C$411 million of
emergence EBITDA estimate and 5% administrative expenses. As a
result, the senior secured debt has a '3' recovery rating,
indicating meaningful (50%-70%, rounded estimate: 60%) recovery in
a simulated default, leading to an issue-level rating of 'BB-'.

"After servicing the senior secured claims, there would be no value
available to be distributed to the senior unsecured claims.
Therefore, the senior unsecured claims have a '6' recovery rating,
indicating our expectation of negligible (0%-10%; rounded estimate:
0%) recovery in the event of default, resulting in an issue-level
rating of 'B'."

Simulated default assumptions

-- Default year: 2023
-- EBITDA at emergence: About C$411 million
-- EBITDA multiple: 5.5x

Simplified waterfall

-- Gross recovery value: about C$2.25 billion

-- Net recovery value for waterfall after administrative expenses
(5%): about C$2.15 billion

-- Estimated senior secured debt: about C$3.4 billion

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

-- Estimated senior unsecured note debt/ /deficiency claims: about
C$1.26 billion

-- Value available for senior unsecured debt:0

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

All debt amounts include six months of prepetition interest

  Ratings List

  NEW RATING

  Telesat Canada

  Telesat LLC
   Senior Secured
   US$500 mil nts due 2026    BB-/Watch Neg
    Recovery Rating           3(60%)

  ISSUE-LEVEL RATINGS UNCHANGED; RECOVERY EXPECTATION REVISED
                             TO            FROM
  Telesat Canada
  
  Telesat LLC
   Senior Secured       BB-/Watch Neg   BB-/Watch Neg
    Recovery Rating         3(60%)         3(55%)



TRIDENT HOLDINGS: Seeks to Hire Valuation Source as Appraiser
-------------------------------------------------------------
Trident Holdings, LLC, seeks approval from the U.S. Bankruptcy
Court for the District of Nevada to hire Valuation Source, a Las
Vegas-based appraiser and valuation expert.

The Debtor needs the assistance of the firm to prepare an appraisal
report for its real properties located at 5580 W. Desert Inn Road,
Las Vegas.  The properties consist of a luxury home and a parcel of
land.

Valuation Source will charge a flat fee of $2,500 for the appraisal
report.

As disclosed in court filings, Valuation Source is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Andrew J. Johnson
     Valuation Source
     5510 S. Fort Apache Rd
     Las Vegas, NV 89148
     Direct: 702.496.9923
     Office: 702-856-7422
     Fax: 888.261.3292
     Email: andrew@valuationsourcenv.com

                       About Trident Holdings

Trident Holdings, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Nev. Case No. 21-11260) on March 16, 2021.  At the time
of the filing, the Debtor was estimated to have total assets of
less than $50,000 and total liabilities of $1 million to $10
million.  The Debtor is represented by Andersen Law Firm, Ltd.


TRIPTYCH MIAMI: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 case of Triptych Miami Holdings, LLC, according to court
dockets.
    
                   About Triptych Miami Holdings
  
Triptych Miami Holdings, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Fla. Case No. 21-12375) on March
12, 2021.  At the time of the filing, the Debtor had between $10
million and $50 million in both assets and liabilities.  Judge
Robert A. Mark oversees the case.  Genovese Joblove & Battista,
P.A. is the Debtor's legal counsel.


TS GILL CAB: Seeks to Hire Dahiya Law Offices as Legal Counsel
--------------------------------------------------------------
TS Gill Cab Corp. and its affiliates seek approval from the U.S.
Bankruptcy Court for the Eastern District of New York  to hire
Dahiya Law Offices, LLC as their legal counsel.

The firm will provide these services:

     a. advice the Debtors with respect to their powers and duties
in the continued operation of their business and the management of
their property;

     b. assist the Debtors in the preparation of a plan of
reorganization and take necessary steps to bring the plan to
confirmation;

     c. prepare legal documents;

     d. appear before the bankruptcy court and the United States
Trustee and protect the interests of the Debtors;

     e. perform legal services for the Debtors that may be
necessary and appropriate.

Dahiya will charge these hourly rates:

     Principal          $600
     Counsel            $450
     Paralegals         $150
     Clerks              $50

The firm received an advance retainer of $5,000 prior to the
petition date.

Karamvir Dahiya, Esq., principal at Dahiya, 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:

     Karamvir Dahiya, Esq.
     Dahiya Law Offices, LLC
     75 Maiden Lane, Suite 506
     New York, NY 10038
     Tel: (212)766-8000
     Fax: (212)766-8001
     Email: karam@bankruptcypundit.com

                   About TS Gill Cab

TS Gill Cab Corp. and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Lead Case No.
21-40351) on Feb. 12, 2021, listing $50,000 in both assets and
liabilities. Karamvir Dahiya, Esq., at Dahiya Law Offices, LLC,
represents the Debtors as legal counsel.  


[^] BOOK REVIEW: Oil Business in Latin America: The Early Years
---------------------------------------------------------------
Author:  John D. Wirth Ed.
Publisher:  Beard Books
Softcover:  282 pages
List price:  $34.95
Review by Gail Owens Hoelscher
Buy a copy for yourself and one for a colleague on-line at
http://is.gd/DvFouR

This book grew out of a 1981 meeting of the American Historical
Society. It highlights the origin and evolution of the state-owned
petroleum companies in Argentina, Mexico, Brazil, and Venezuela.

Argentina was the first country ever to nationalize its petroleum
industry, and soon it was the norm worldwide, with the notable
exception of the United States. John Wirth calls this phenomenon
"perhaps in our century the oldest and most celebrated of
confrontations between powerful private entities and the state."

The book consists of five case studies and a conclusion, as
follows:

     * Jersey Standard and the Politics of Latin American Oil
          Production, 1911-30 (Jonathan C. Brown)

     * YPF: The Formative Years of Latin America's Pioneer State
          Oil Company, 1922-39 (Carl E. Solberg)

     * Setting the Brazilian Agenda, 1936-39 (John Wirth)

     * Pemex: The Trajectory of National Oil Policy (Esperanza
          Duran)

     * The Politics of Energy in Venezuela (Edwin Lieuwen)

     * The State Companies: A Public Policy Perspective (Alfred
          H. Saulniers)

The authors assess the conditions at the time they were writing,
and relate them back to the critical formative years for each of
the companies under review. They also examine the four
interconnecting roles of a state-run oil industry and distinguish
them from those of a private company. First, is the entrepreneurial
role of control, management, and exploitation of a nation's oil
resources. Second, is production for the private industrial sector
at attractive prices. Third, is the integration of plans for
military, financial, and development programs into the overall
industrial policy planning process.  Finally, in some countries is
the promotion of social development by subsidizing energy for
consumers and by promoting the government's ideas of social and
labor policy and labor relations.

The author's approach is "conceptual and policy oriented rather
than narrative," but they provide a fascinating look at the
politics and development of the region. Mr. Brown provides a
concise history of the early years of the Standard Oil group and
the effects of its 1911 dissolution on its Latin American
operations, as well as power struggles with competitors and
governments that eventually nationalized most of its activities.
Mr. Solberg covers the many years of internal conflict over oil
policy in Argentina and YPF's lack of monopoly control over all
sectors of the oil industry. Mr. Wirth describes the politics and
individuals behind the privatization of Brazil's oil industry
leading to the creation of Petrobras in 1953. Mr. Duran notes the
wrangling between provinces and central government in the evolution
of Pemex, and in other Latin American countries. Mr. Lieuwin
discusses the mixed blessing that oil has proven for Venezuela,
creating a lopsided economy dependent on the ups and downs of
international markets. Mr. Saunders concludes that many of the
then-current problems of the state oil companies were rooted in
their early and checkered histories." Indeed, he says, "the
problems of the past have endured not because the public petroleum
companies behaved like the public enterprises they are; they have
endured because governments, as public owners, have abdicated their
responsibilities to the companies."

John D. Wirth was Gildred Professor of Latin American Studies at
Stanford University.  He died in June 2002 in Toronto.



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
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includes links to freely downloadable images of these small-dollar
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Each Friday's edition of the TCR includes a review about a book of
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Monthly Operating Reports are summarized in every Saturday edition
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then-ending.

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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2021.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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are $25 each.  For subscription information, contact Peter A.
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