/raid1/www/Hosts/bankrupt/TCR_Public/210426.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, April 26, 2021, Vol. 25, No. 115

                            Headlines

1 BIG RED: $360K Sale of Prairie Village Property to Sunshine OK'd
110 WEST PROPERTIES: Creditor Tarzana Says Plan Unconfirmable
335 LAKE AVENUE: Judgment Entered in Accordance With Sale Order
335 LAKE AVENUE: Unsecureds Will be Paid in Full
53 STANHOPE: May 27 Plan Confirmation Hearing Set

53 STANHOPE: Unsecureds to Get What's Left of Sale Proceeds
ADARA ENTERPRISES: Voluntary Chapter 11 Case Summary
AEMETIS INC: Updates Presentation of Five-Year Plan
AGM GROUP: Signs Supplement Agreement With Yushu Kingo Shareholders
AHEAD DB: S&P Rates New $400MM Senior Unsecured Notes 'CCC+'

AIRXCEL INC: S&P Upgrades ICR to 'B' on Strong RV Demand
AJRANC INSURANCE: Gets Interim Approval to Use Cash Collateral
ALLIED UNIVERSAL: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
ALLIED UNIVERSAL: Moody's Hikes CFR to B2, Outlook Stable
ALLIED UNIVERSAL: S&P Upgrades ICR to 'B', Outlook Stable

ALTICE USA: S&P Ups ICR to 'BB' on Favorable Business Prospects
AMATA LLC: Court Grants Access to Busey Bank's Collateral
AMERICAN NATIONAL: Court Extends Cash Access Thru June 23
ANGLO-DUTCH ENERGY: Voluntary Chapter 11 Case Summary
APACHE CORP: Moody's Affirms Ba1 CFR, Outlook Still Negative

APPLIED ENERGETICS: Incurs $3.2 Million Net Loss in 2020
ARTISAN BUILDERS: K & T & Akras Buying Phoenix Property for $1.4M
ASAIG LLC: Sale of Substantially All Assets to AAS Bidco Approved
ASAIG LLC: Selling Substantially All Assets to AAS Bidco LLC
AUGUSTUS INTELLIGENCE: Case Summary & 20 Top Unsecured Creditors

AUTOMOTORES GILDEMEISTER: Dechert Represents Noteholders Group
AVID BIOSERVICES: Completes Redemption of Series E Preferred Stock
AYTU BIOPHARMA: May Issue 105,449 Shares Under Neos' Stock Plan
AZALEA TOPCO: S&P Alters Outlook to Negative, Affirms 'B' ICR
BARETT EVAN SCHERMAN: Buying Non-Exempt Assets From Plan Agent

BAYTEX ENERGY: S&P Alters Outlook to Stable, Affirms 'B' ICR
BCP RAPTOR: S&P Alters Outlook to Positive, Affirms 'B-' ICR
BILLINGS LODGE: Acting U.S. Trustee Objects to Disclosure Statement
BL RESTAURANTS: Court Confirms Chapter 11 Liquidation Plan
BOY SCOUTS OF AMERICA: Claimants Say Disclosures Insufficient

BRICK HOUSE: Seeks July 19 Solicitation Exclusivity Extension
BRIDGEMARK CORP: Seeks to Hire Brown Armstrong as Accountant
CARE NEW ENGLAND, RI: S&P Alters Outlook to Dev., Affirms 'B+' ICR
CAUSE TECH: Files Emergency Bid to Use Cash Collateral
CES ENERGY: S&P Alters Outlook to Stable, Affirms 'B' ICR

CHILDREN FIRST: Disclosure Hearing Continued to Oct. 21
CORUS ENTERTAINMENT: S&P Rates C$300MM Senior Unsecured Notes 'BB'
CREATD INC: Incurs $24.2 Million Net Loss in 2020
CRESTWOOD HOSPITALITY: Voluntary Chapter 11 Case Summary
CYCLE FORCE: Case Summary & 12 Unsecured Creditors

DEMETRIOS ESTIATORIO: Wins Cash Collateral Access Thru May 13
DIMAS ACEVEDO, JR.: Selling Imperial Beach Property for $808K
DIOCESE OF ROCKVILLE: Cullen and Dykman Represents Parish Group
DORCHESTER RESOURCES: Sets Bidding Procedures for Assets
DURR MECHANICAL: Debtor Will Liquidate its Assets

EAGLE HOSPITALITY: Doesn't Have Luxury to Delay Sale Process
EAGLECLAW MIDSTREAM: S&P Upgrades ICR to 'B' on Increasing Volumes
ELECTRONIC DATA: Case Summary & 20 Largest Unsecured Creditors
ELEMENT SOLUTIONS: S&P Upgrades ICR to 'BB', Outlook Stable
EMERALD GRANDE: Wins Court Nod on Cash Use Thru Aug. 31

ENERGY ACQUISITION: S&P Rates New $100MM Sr. Sec. Term Loan B 'B-'
EWC COOK: Seeks to Hire Kell C. Mercer as Bankruptcy Counsel
EXPO CONSTRUCTION: Disclosure Statement Hearing Reset to May 26
FAYETTE MEMORIAL: May 12 Hearing on Sale of Connersville Property
FAYETTE MEMORIAL: Woda Buying Connersville Property for $175K

FF FUND: Seeks to Continue Confirmation Hearing to May 21
FOREVER 21: Assets Sold to F21 OpCo; Unsecureds to Get Less 1%
FRONTDOOR INC: S&P Affirms 'BB-' ICR, Alters Outlook to Positive
GENEVER HOLDINGS: Seeks July 12 Plan Exclusivity Extension
GI CONSILIO: S&P Assigns 'B-' ICR on Leveraged Buyout

GL BRANDS: Fine-Tunes $1.31-Million Merida Sale Plan
GL BRANDS: To Seek Plan Confirmation on May 20
GLASS MOUNTAIN: S&P Lowers ICR to 'CC' on Likely Default
GLOW HOSPITALITY: May Use Pender Cash Collateral
GOEASY LTD: S&P Assigns 'BB-' Rating on $320MM Sr. Unsecured Notes

GOGO INC: Provides Preliminary First Quarter Results
GRIDDY ENERGY: Customers Who Sign Releases Won't Have to Pay Bills
GROUND OPTIONS: May Use Cash Collateral Thru End of May
H. EDWARD PARIS DDS: Seeks to Hire Fife M. Whiteside as Counsel
HAWKEYE ENTERTAINMENT: June 16 Plan Confirmation Hearing Set

HERITAGE CHRISTIAN: Wins Cash Collateral Access Thru June 10
HERMELL PRODUCTS: Court Okays Request for Cash Access
HERTZ GLOBAL: Plans Shareholder Payout as Part of Ch.11 Exit Plan
HILMORE LLC: Seeks to Hire Weintraub & Selth as Legal Counsel
HKO 3 LLC: Disclosure Statement Hearing Set for May 27

HOLLINGSWORTH FARMS: June 10 Disclosure Statement Hearing Set
HOLLISTER CONSTRUCTION: Wins Confirmation of Liquidating Plan
HOSANNA BUILDING: Court Confirms Three-Year Plan
ICAN BENEFIT: Court Authorizes Use of Cash Collateral
INSPIREMD INC: Shareholders Approve Reverse Stock Split

INTELLIPHARMACEUTICS INT'L: Posts $924,566 Net Loss in 1st Quarter
ISLET SCIENCES: WSF Agrees to Extend Additional Financing
JAZZ PHARMACEUTICAL: S&P Assigns Prelim 'BB-' Rating on Sec. Notes
JDUBS BREWING: Files Mediated Plan; Resolves Parties' Disputes
K3D PROPERTY: Court Approves Disclosure Statement

KLX ENERGY: Incurs $30.5 Million Net Loss in Fourth Quarter
KONTOOR BRANDS: Moody's Affirms Ba2 CFR & Alters Outlook to Stable
LADAN INC: Court Confirms Reorganization Plan
LAROCHE CARRIER: Amends Administrative Claims Pay Details
LATAM AIRLINES: Judge Says It's Too Early to Know If Co. Is Solvent

LATAM AIRLINES: Will Present Ch.11 Exit Plan Before End of June
LAWNOOD PROFESSIONAL: Seeks to Hire Kelley Fulton as Legal Counsel
LEED CORP: April 29 Hearing on $140K Sale of Shoshone Property
LEED CORP: H Properties LLC Buying Shoshone Property for $140K
LGS STECK MEMORIAL: Gets Access to Cash Collateral Thru June 30

LIFE CARE: Fitch Rates $87MM Revenue Bonds 'BB+
LIMENOS CORPORATION: Seeks to Hire Nelson Robles-Diaz as Counsel
MALLINCKRODT PLC: Bondholders to Get 100% of Shares in Plan
MAPLE MANAGEMENT: Gets Cash Collateral Access Thru June 9
MAVIS TIRE: S&P Affirms B- ICR on Leveraged Buyout, Outlook Stable

MAX FINE FURNITURE: Gets Cash Collateral Access Thru May 31
MEDIACO HOLDING: Swings to $28.9 Million Net Loss in 2020
MEDICAL DEPOT: Moody's Upgrades CFR to Caa1, Outlook Stable
MILLER TOOL: U.S. Trustee Says Plan Not Filed in Good Faith
MOBITV INC: Auction of Substantially All Assets Set for May 11

MOUNTAIN PROVINCE: Widens Net Loss to C$263.4 Million in 2020
NANYAH VEGAS: Seeks to Hire Darby Law as Legal Counsel
NATIONAL RIFLE ASSOCIATION: Board Will Meet to Consider Plan
NEW YORK CLASSIC: Wins Cash Collateral Access Thru May 5
NTH SOLUTIONS: Gets Approval to Cash Collateral Access

OBLONG INC: Incurs $7.4 Million Net Loss in 2020
ODYSSEY ENGINES: Wins July 12 Plan Exclusivity Extension
OVINTIV INC: Fitch Alters Outlook on 'BB+' LT IDRs to Positive
PARKERVISION INC: Widens Net Loss to $19.6 Million in 2020
PBS BRAND: Asks Court to Extend Plan Exclusivity Until August 18

PCDM PROPERTIES: Seeks to Hire Keating Firm as Legal Counsel
PHI GROUP: Posts $226,717 Net Loss in Quarter Ended Dec. 31
PIASECKI REALTY: Case Summary & 3 Unsecured Creditors
PLATINUM GROUP: Incurs US$4-Mil. Net Loss for Quarter Ended Feb. 28
PLAYER'S POKER: Seeks to Hire  Kallman + Logan as Accountant

POWER BAIL: Court OKs Deal on Cash Collateral Use Thru June 30
PREFERRED EQUIPMENT: Wins Cash Collateral Access Thru April 28
PRIMO WATER: S&P Rates New US$750MM Senior Unsecured Notes 'B'
PROLINE CONCRETE: May 27 Plan Confirmation Hearing Set
PURDUE PHARMA: Binder & Schwartz Represents Class Claimants

PURDUE PHARMA: Watchdog Says It Needs to Explain Payouts
QUALITY WELDING: Pep-Up Buying 2 90-Gal. LPG Storage Tank for $350K
QURATE RETAIL: S&P Alters Outlook to Stable, Affirms 'BB-' ICR
ROLLING HILLS: Has Interim OK to Use Cash Collateral Thru May 11
ROMANS HOUSE: Wins Cash Collateral Access Thru May 4

SC SJ HOLDINGS: Accor Management Says Disclosures Inadequate
SEADRILL PARTNERS: Court Approves Seadrill Ltd. Settlement
SHELTON BROTHERS: Files Notice of April 30 Bid Procedures Hearing
SHORE PROPERTY: Seeks to Hire Gary S. Poretsky as Legal Counsel
SHRUNGI LLC: June 1 Plan & Disclosures Hearing Set

SIMPLE SITEWORK: Lender Bank Says Plan Unfeasible
SOAS LLC: May Use Cash Collateral Thru June 3
SOFT FINISH: Wins Cash Collateral Access Thru Mid-September
SOLOMON EDUCATION: Seeks to Hire Neeleman Law as Legal Counsel
SPECTRUM HIGH SCHOOL: S&P Rates 2017A-B Bond 'BB+,' Outlook Stable

STA VENTURES: Files Proposed Order Approving 12-Acre Property Sale
SUMMIT FINANCIAL: Trustee's $1.6M Sale of Plantation Property OK'd
SUNDANCE ENERGY: Wins Final OK on $50-Mil. DIP Financing
TAURIGA SCIENCES: Appoints Two New Directors
TAURIGA SCIENCES: Invests $88,375 in SciSparc

TAURIGA SCIENCES: Lowers Net Loss to $22K in Third Quarter
TD HOLDINGS: Increases Authorized Common Shares to 600M Shares
TILDA MARIE B. SUTTON: $185K Sale of Dublin Property Approved
TRAXIUM LLC: Wants Plan Exclusivity Extended Thru May 14
TRI-STATE PAIN: TIAA Commercial Objects to Disclosure Statement

TTK RE ENTERPRISE: NH Buying Atlantic City Property for $125K
TTK RE ENTERPRISE: NH Buying Atlantic City Property for $165K
TTK RE ENTERPRISE: Selling Atlantic City Property for $125K
UNITI GROUP: Units Complete Private Placement of $570M Senior Notes
W RESOURCES: Seeks to Continue Interest Sale Hearing to May 5

W. KENT GANSKE: Files Notice of $270K Sale of Sun Prairie Property
W. KENT GANSKE: Steinbeck Buying Sun Prairie Property for $270K
W.F. GRACE: Gets Access to Cash Collateral Thru July 31
WATERLOO AFFORDABLE: Gets OK to Hire Special Litigation Counsel
YOUFIT HEALTH: Plan & Disclosure Hearing Reset to May 25

ZPOWER TEXAS: Amended Joint Liquidating Plan Confirmed by Judge
[^] BOND PRICING: For the Week from April 19 to 23, 2021

                            *********

1 BIG RED: $360K Sale of Prairie Village Property to Sunshine OK'd
------------------------------------------------------------------
Judge Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas authorized 1 Big Red, LLC's sale of the real
property located at 4512 W. 69th Terrace, in Prairie Village,
Kansas, to Sunshine Daily, LLC, for $360,000.

Any and all objections to the Sale Motion regarding the Sale
Agreement or proposed procedures for approving the sale that have
not been withdrawn, waived, resolved, sustained, or settled are
expressly denied and overruled in their entirety.

The Sale Agreement is approved in its entirety.

The sale is free and clear of all Liens, in accordance with the
Sale Agreement and the Order, with such Liens to attach to the net
proceeds of the sale of the Property.

The transfer of the Property to Daily Sunshine, LLC may not be
avoided under any applicable law, because Sunshine Daily, LLC, is
providing the Estate with reasonably equivalent value.

The automatic stay pursuant to section 362 of the Bankruptcy Code
is modified to the extent necessary (i) to allow Sunshine Daily,
LLC to give the Debtor any notice provided for in the Sale
Agreement and (ii) to allow Sunshine Daily, LLC, the Debtor and any
other person or entity to take any and all actions permitted by the
Sale Agreement or the Order or as necessary to effectuate any
provision of the Sale Agreement or the Order or to consummate the
transactions contemplated by the Sale Agreement and the Order.

There is no just delay for the implementation of the Order and, for
all purposes, it will be a final order with respect to the sale of
the Property and other relief granted.

The real estate taxes, title insurance, and usual and regular
closing costs will be paid at the time of the Closing of the sale.

Time is of the essence, the 14 day stays imposed by Rules 6004(h)
and 6006(d) of the Federal Rules of Bankruptcy Procedure are waived
with respect to the Order, and the Order will take effect
immediately upon its entry.

              About 1 Big Red, LLC
        
1 Big Red, LLC, principally located at 440 E. 63rd St., Kansas
City, MO 64110, is engaged activities related to real estate.

1 Big Red, LLC sought Chapter 11 protection (Bankr. D. Kan. Case
No. 21-20044) on Jan. 15, 2021.  The case is assigned to Judge
Robert D. Berger.

The Debtor listed total assets at $2.5 million and $3,094,099 in
estimated liabilities.
       
The Debtor tapped Colin Gotham, Esq., at Evans & Mullinix, P.A. as
counsel.

The petition was signed by Sean Tarpenning, CEO.



110 WEST PROPERTIES: Creditor Tarzana Says Plan Unconfirmable
-------------------------------------------------------------
Creditor and interested party Tarzana Crossing, a Merchant Faire,
LLC, objects to the Disclosure Statement of debtor 110 West
Properties, LLC dated April 13, 2021.

Tarzana claims that the Disclosure Statement fails to explain what
the Debtor's future may be.  The Disclosure Statement states that
Debtor will receive a discharge, but a discharge is not available
in a liquidating plan.

Tarzana cites that Fairview states that there are no prospects for
an actual sale, and sees no alternative to obtaining relief from
stay to foreclose on its collateral.  The proposed Disclosure
Statement makes the false presumption that Fairview supports the
proposed Plan, which is plainly incorrect.

Tarzana points out that the Debtor's prolix Disclosure Statement is
difficult to follow because it reads like a complex legal document,
rather than a communication of information to parties in interest.
A 90-page Disclosure Statement that essentially repeats the
language of a 235-page Plan does not provide investors or creditors
with the information to which they are entitled.

Tarzana asserts that the Disclosure Statement raises questions, but
does not answer them, concerning the viability of the proposed
transaction. For example:

     * The Debtor admits that it may lack the right and title
necessary to sell its assets, and that the issue is currently being
litigated.

     * The Debtor has refused to disclose the names of all the
guarantors of the proposed transaction and has not provided any
statements of financial condition for any of the guarantors despite
Tarzana's requests.

     * The Debtor has not even attempted to show how the Buyer can
or will raise the $22 million needed to fund the proposed Plan.
This is a particularly important issue by virtue of the fact that
the proposed Buyer has repeatedly failed to come up with payments
to fund previous purchase/sale transactions.

     * The Debtor has failed to disclose why the $10 million first
trust deed loan which the Buyer contemplates obtaining will bear
interest at the excessive rate of 12 percent, whereas the
subsequent contemplated $12 million second trust deed loan will
bear interest at 3 percent.

     * The Plan calls for all of Tarzana's adversary proceeding
claims to be dismissed with prejudice. However, the Disclosure
Statement fails to acknowledge that a number of Tarzana's claims
are not derivative, and therefore there is no basis for dismissing
those claims for the benefit of the estate.

     * Counsel for the Buyer and its principals, Thomas Nowland,
has moved to be relieved as counsel because of protracted lack of
communication and cooperation and, apparently, failure to pay fees.
Buyer's lack of counsel is likely to implicate or jeopardize the
proposed Plan and Disclosure Statement.

Tarzana further asserts that the Disclosure Statement should be
disapproved because the proposed Plan cannot be confirmed. Debtor
has failed and refused to provide any reliable or detailed
information about the financial status or history of Buyer or its
guarantors. Debtor's first trust deed lender has filed a motion for
relief from stay to foreclose.

A full-text copy of Tarzana's objection dated April 20, 2021, is
available at https://bit.ly/3vjq0JA from PacerMonitor.com at no
charge.  

Attorneys for Creditor Tarzana:

     Peter C. Bronson
     LAW OFFICES OF PETER C. BRONSON
     770 L Street, Suite 950
     Sacramento, California 95814
     Telephone: (916) 444-1110
     Facsimile: (916) 361-6046
     E-mail: pbronson@pbronsonlaw.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.


335 LAKE AVENUE: Judgment Entered in Accordance With Sale Order
---------------------------------------------------------------
Judge Kenneth S. Gardner of the U.S. Bankruptcy Court for the
District of Colorado entered judgment incorporating the terms of
the April 7, 2021 order authorizing 335 Lake Avenue, LLC's sale of
the real estate located at 335 Lake Avenue, in Aspen, Colorado, to
Steven Black for $9.375 million, under the terms of the Purchase
Agreement and Settlement Agreement, in favor the Debtor.

The matter came before the Court for a hearing on April 1, 2021,
regarding the Sale Motion filed Feb. 15, 2021, and the U.S. Bank
National Association's Response thereto, filed March 5, 2021.  The
issues have been tried, heard and/or considered, and a decision has
been rendered.

                      About 335 Lake Avenue

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

On April 1, 2020, 335 Lake Avenue filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo.
Case No. 20-12378).  James K. Daggs, Debtor's manager, signed the
petition.  At the time of the filing, Debtor disclosed total
assets
of $10 million to $50 million.  Judge Joseph G. Rosania Jr.
oversees the case.  

Debtor has tapped Weinman & Associates, P.C. as its bankruptcy
counsel and Allen Vellone Wolf Helfrich & Factor, P.C. and Klein
Cote Edwards Citron, LLC as its special counsel.



335 LAKE AVENUE: Unsecureds Will be Paid in Full
------------------------------------------------
335 Lake Avenue, LLC, submitted an Amended Disclosure Statement.

335 Lake Avenue is a luxury rental property in Aspen, Colorado.
After a total renovation was completed in 2008, a downturn in the
Aspen real estate market occurred and it was decided to place the
property in the luxury rental market for short-term rentals.
Ultimately, in 2015 a long-term lease was entered into with Steven
L. Black ("Lease").  This Lease provided for payment of $20,000 per
month plus reimbursement for utilities, maid service and related
expenses, except real estate taxes and insurance.

The Reorganized Debtor will close the Black Sale if it has not
closed prior to confirmation. The sale proceeds shall be deposited
into the Escrow Account. Unsecured Creditors shall be paid in full
within 60 days after the Effective Date from the Debtor in-
Possession account.

The Debtor's Real Property was located at 335 Lake Avenue, Aspen,
Colorado, and consists of a home and lot upon which the home sits.
The Real Property was believed to have been valued at $13,750,000
pursuant to a Broker Opinion of Value. Nevertheless, pursuant to
the Settlement Agreement with Black, the property was sold to him
for $9,375,000, which was an amount greater than the original
contract with Black.

The Plan will treat claims as follows:

   * Class 2.  U.S. Bank National Association.  Class 2 is impaired
under the Plan.  The Class 2 creditor shall retain its purported
lien securing its claim to the same extent and in the same priority
as its pre-petition lien and shall be paid upon the closing of the
sale of the Debtor's Real Property provided the claim of the Class
2 creditor has been determined to be an Allowed Secured Claim upon
the entry of Final Orders in all pending Legal Proceedings.

   * Class 3.  Allowed Unsecured Claims.  Class 3 is impaired under
the Plan. The holders of allowed unsecured claims in Class 3 will
be paid the allowed amount of their unsecured claims in full no
later than 60 days from the Effective Date.

Upon entry of the Plan Confirmation Order, the Estate's Assets
shall be transferred to the Reorganized Debtor, however, the Escrow
Account shall be retained at First Western Trust Bank.

The Reorganized Debtor will operate its business following entry of
the Confirmation Order. This shall include the prosecution of the
Litigation Claims and management of the Escrow Account consistent
with Sec. 345 of the Bankruptcy Code to maximize the rate of return
on the account.

Counsel for the Debtor:

     Jeffrey A. Weinman
     WEINMAN & ASSOCIATES, P.C.
     730 17th Street, Suite 240
     Denver, CO 80202-3506
     Telephone: (303) 572-1010
     Facsimile: (303) 572-1011
     E-mail: jweinman@weinmanpc.com

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

                       About 335 Lake Avenue

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

On April 1, 2020, 335 Lake Avenue filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo.
Case No. 20-12378).  James K. Daggs, Debtor's manager, signed the
petition.  At the time of the filing, Debtor disclosed total assets
of $10 million to $50 million.  Judge Joseph G. Rosania Jr.
oversees the case.  

The Debtor has tapped Weinman & Associates, P.C. as its bankruptcy
counsel and Allen Vellone Wolf Helfrich & Factor, P.C., and Klein
Cote Edwards Citron, LLC as its special counsel.


53 STANHOPE: May 27 Plan Confirmation Hearing Set
-------------------------------------------------
On April 19, 2021, 55 Stanhope LLC, 119 Rogers LLC, 127 Rogers LLC,
C & YSW, LLC, Natzliach LLC, 106 Kingston LLC, and 167 Hart LLC,
Debtor Affiliates of 53 Stanhope LLC, filed the Fourth Amended
Disclosure Statement pertaining to the Fourth Amended Plan of
Reorganization.

On April 20, 2021, Judge Robert D. Drain approved the Disclosure
Statement and established the following dates and deadlines:

     * May 20, 2021, at 5:00 p.m., is fixed as the last day for
submitting written acceptances or rejections to the Plan and
creditor election forms, as applicable.

     * May 20, 2021, at 5:00 p.m., is fixed as the last day for
filing and serving written objections to confirmation of the Plan.

     * May 27, 2021, at 10:00 a.m., is fixed for the hearing on
confirmation of the Plan to be conducted telephonically.

     * May 17, 2021 at 5:00 p.m., is fixed as the last day to
return ballots to be counted as votes.

A full-text copy of the order dated April 20, 2021, is available at
https://bit.ly/3dKtGhN from PacerMonitor.com at no charge.  

                     About 53 Stanhope LLC

53 Stanhope LLC and 17 affiliates are primarily engaged in renting
and leasing real estate properties.

53 Stanhope LLC and its affiliates filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 19-23013) on May 20, 2019.  The petitions
were signed by David Goldwasser, authorized signatory of GC Realty
Advisors.

Mark A. Frankel, Esq., at Backenroth Frankel & Krinsky, LLP,
represents the Debtors.

Each of the Debtors is an affiliate of 73 Empire Development LLC,
which sought bankruptcy protection (Bankr. S.D.N.Y. Case No. 19
22285) on Feb. 21, 2019.  Its case is not jointly administered with
those of the Debtors.  

Backenroth Frankel also serves as counsel to 73 Empire Development.


53 STANHOPE: Unsecureds to Get What's Left of Sale Proceeds
-----------------------------------------------------------
53 Stanhope LLC, et al, submitted a Fourth Amended Disclosure
Statement explaining their Chapter 11 Plan.

A hearing to consider confirmation of the Plan will be held May 27,
2021, at 10:00 a.m., at the United States Bankruptcy Court, 300
Quarropas Street, White Plains, New York 10601-4140, as the date,
time and place for the telephonic hearing.  May 17, 2021 at 5:00
p.m. (EDT), is the last date for the filing and serving of any
objections to confirmation of the Plan.

At the trial of the 2020 Plan, the Bankruptcy Court granted the
Debtors' motion to subordinate to shareholder status the Israeli
Claims held by Jefferson Operations LLC, Kingston Operations LLC,
618 Lafayette Operations LLC and 325 Franklin Operations LLC (the
"Subordinated Claims") and denied the Debtors' motion to
subordinate the other Israeli Claims. But the Court found that for
Plan purposes, the Claims would be estimated as having no value.

To the extent they may ultimately be Allowed notwithstanding,
except for the Subordinated Claims, the Plan herein modifies the
2020 Plan by treating the Israeli Claims as General Unsecured
Claims. The Subordinated Claims of Jefferson Operations LLC, 618
Lafayette Operations LLC and 325 Franklin Operations LLC shall be
entitled to the same treatment as other Class 5 Interests.

The Plan will treat claims as follows:

    * Class 4 Allowed General Unsecured Claims totaling $1,268,154.
Each Debtor shall pay each Class 4 Claimant in Cash on the
Effective Date, its pro-rata share of the net Property Sale
Proceeds from the sale of its Property after payment of
Administrative Claims, Class 1 Claims, Class 2 Claims, Class 3
Claims and Priority Tax Claims, up to the Allowed Amount of its
Class 4 Claim plus interest at the applicable contractual rate as
it accrues from the Petition Date through the date of payment.
Class 4 is impaired.

    * Class 5 Allowed Interest Holders.  Each Debtor shall pay each
Interest Holder in Cash on the Effective Date, its pro-rata share
of the net Property Sale Proceeds from the sale of its Property
after payment of Administrative Claims, Class 1 Claims, Class 2
Claims, Class 3 Claims, Class 4 Claims and Priority Tax Claims.
Class 5 is impaired.

The Properties will be sold subject to Sections 363(b), 1123(a)(6),
1129 and 1141 of the Bankruptcy Code and the "Sale and Auction
Procedures".  The sale expenses and Effective Date payments under
the Plan will be paid from the proceeds of such sale.

In general, the Sale and Auction Procedures provide for a sale of
the Properties at an auction sale to be conducted on a date to be
announced at the offices of Backenroth Frankel & Krinsky, LLP, 800
Third Avenue, New York, New York 10022.  The Properties shall be
sold "as is." Bidding shall be limited to all cash offers.  The
minimum opening aggregate bid and the minimum opening Property-by
Property bids will be in amounts to be announced no later than
seven days in advance of the auction after consultation with the
Mortgagee and Rosewood Properties. Bidding shall be in increments
to be announced in advance of the auction. All prospective bidders
except the Mortgagee are required to deposit 10% of their opening
bid (the "Deposit") in escrow with the undersigned counsel by bank
check or wire deposit. The sale will be subject to the approval of
the Bankruptcy Court.

Attorneys for the Debtors:

     Mark Frankel
     BACKENROTH FRANKEL & KRINSKY, LLP
     800 Third Avenue
     New York, New York 10022
     (212) 593-1100

A copy of the Fourth Amended Disclosure Statement is available at
https://bit.ly/3n6BDAQ from PacerMonitor.com.

                      About 53 Stanhope LLC

53 Stanhope LLC and 17 affiliates are primarily engaged in renting
and leasing real estate properties.

53 Stanhope LLC and its affiliates filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 19-23013) on May 20, 2019.  The petitions
were signed by David Goldwasser, authorized signatory of GC Realty
Advisors.

Mark A. Frankel, Esq., at Backenroth Frankel & Krinsky, LLP,
represents the Debtors.

Each of the Debtors is an affiliate of 73 Empire Development LLC,
which sought bankruptcy protection (Bankr. S.D.N.Y. Case No. 19
22285) on Feb. 21, 2019.  Its case is not jointly administered with
those of the Debtors.  

Backenroth Frankel also serves as counsel to 73 Empire Development.


ADARA ENTERPRISES: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Adara Enterprises Corp.
        411 E 57th Street
        Suite 1-A
        New York, NY 10022

Business Description: Adara Enterprises Corp. operates as an
                      asset management business.  Currently, the
                      Debtor's primary asset is quantitative
                      trading software, which was originally
                      developed at significant expense over the
                      course of 10-15 years by Clinton Group, Inc.

                      and has been used to assist in trades of
                      more than $50 billion by Clinton and its
                      former licensees.

Chapter 11 Petition Date: April 22, 2021

Court: United States Bankruptcy Court
       District of Delaware

Case No.: 21-10736

Debtor's
Bankruptcy
Co- Counsel:      Ronald S. Gellert, Esq.
                  GELLERT SCALI BUSENKELL & BROWN, LLC
                  1201 N. Orange Street, Suite 300
                  Wilmington, DE 19801
                  Tel: 302-425-5806
                  Fax: 302-425-5814
                  Email: rgellert@gsbblaw.com

                     - and -

                  Daniel B. Besikof, Esq.
                  Bethany D. Simmons, Esq.
                  LOEB & LOEB LLP
                  345 Park Avenue
                  New York, New York 10154
                  Tel: (212) 407-4000
                  Fax: (646) 417-6335
                  Email: dbesikof@loeb.com;
                         bsimmons@loeb.com

Debtor's
Claims &
Noticing
Agent:            DONLIN RECANO & CO, INC.

Estimated Assets:

Estimated Liabilities:

The petition was signed by Daniel Strauss, president and
treasurer.

The Debtor filed an empty 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/IQMDREQ/Adara_Enterprises_Corp__debke-21-10736__0001.0.pdf?mcid=tGE4TAMA


AEMETIS INC: Updates Presentation of Five-Year Plan
---------------------------------------------------
Aemetis, Inc. has updated the presentation of its five year plan
that positions the company to generate $1.07 billion of revenues
and $325 million of adjusted EBITDA in year 2025.

The Aemetis five year plan is being presented at the BofA
Securities RNG Conference, including a presentation on Wednesday,
April 21 by Eric McAfee, Chairman and CEO of Aemetis.

The revenues growth plan is a CAGR of 35% and the EBITDA growth
plan is a CAGR of 109% for the years 2021 to 2025.

"The updated presentation includes a description of the projects
under development by our new Aemetis Carbon Capture subsidiary to
build Carbon Capture & Sequestration (CCS) for our biofuels plants
and potentially other refineries to significantly reduce the carbon
intensity of our products," said Eric McAfee, Chairman and CEO of
Aemetis.  "A recent Stanford University Center for Carbon Capture
study evaluated the largest 61 carbon emission sites in California,
comprised of oil refineries, cement plants and natural gas power
plants.  The study identified that the ethanol plants in California
were by far the most profitable locations for carbon injection and
storage.  The Aemetis plant and the Riverbank site are located over
a shale caprock about 7,000 feet underground that creates an
attractive CO2 storage formation without requiring a CO2 pipeline,
reducing the capital investment and operating costs significantly
compared to other CCS projects."

The majority of the Company's revenue growth is expected to come
from California dairy Renewable Natural Gas and the Aemetis "Carbon
Zero" renewable jet/diesel plants using negative carbon intensity
cellulosic hydrogen produced from waste almond orchard wood in
Central California.

The Aemetis Dairy RNG project plan shows revenues growing from $9
million in 2021 to $175 million in 2025, while Dairy RNG project
EBITDA expands from $4 million in 2021 to $141 million in 2025.

The Aemetis "Carbon Zero" renewable jet/diesel plants utilizing
estimated -80 negative carbon intensity cellulosic hydrogen are
planned to grow to $467 million revenues and EBITDA of $136 million
in year 2025.

The Company's Carbon Zero jet and diesel plant design
commercializes patented technology exclusive to Aemetis for the
production of renewable jet fuel and renewable diesel for aviation
and commercial truck markets.  The Aemetis "Carbon Zero 1" plant
has a planned capacity of 45 million gallons per year and will be
located at the 142-acre Riverbank Industrial Complex, a former US
Army ammunitions plant in Riverbank, California.

Aemetis recently announced a $2 billion bid process to airlines and
fuel blenders for the Carbon Zero 1 plant and is finalizing offtake
agreements.  The Carbon Zero jet and diesel fuels may be used in
today's airplane, truck, and ship fleets without significant
changes in fueling infrastructure or engines.

Using an estimated -80 carbon intensity cellulosic hydrogen instead
of +170 CI petroleum hydrogen, the profitability of renewable
diesel and jet fuel produced from cellulosic hydrogen and low CI
non-food corn oil from the Keyes ethanol plant is increased
significantly.

Aemetis has received $57 million of grant funding to support its
carbon reduction upgrades at the Keyes plant, the -426 carbon
intensity dairy RNG project, and the Riverbank jet/diesel plant
project.  Funding and grant awards have been provided by the USDA,
the US Forest Service, the California Energy Commission, the
California Department of Food and Agriculture, and PG&E’s energy
efficiency program.

                          About Aemetis

Headquartered in Cupertino, California, Aemetis --
http://www.aemetis.com-- is an international renewable natural
gas, renewable fuels and byproducts company focused on the
acquisition, development and commercialization of innovative
technologies that replace traditional petroleum-based products. The
Company operates in two reportable geographic segments: "North
America" and "India."

Aemetis reported a net loss of $36.66 million for the year ended
Dec. 31, 2020, compared to a net loss of $39.48 million for the
year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$125.14 million in total assets, $102.23 million in total current
liabilities, $207.65 million in total long term liabilities, and a
total stockholders' deficit of $184.74 million.


AGM GROUP: Signs Supplement Agreement With Yushu Kingo Shareholders
-------------------------------------------------------------------
As previously disclosed in the current report on Form 6-K filed
with the Securities and Exchange Commission on Jan. 22, 2020, on
Jan. 16, 2020, Tianjin AnGaoMeng Construction Development Co., Ltd.
(formerly Shenzhen AnGaoMeng Construction Development Co., Ltd.), a
PRC company and a wholly-owned subsidiary of AGM Group Holdings
Inc., entered into an equity transfer agreement with all the
shareholders of Yushu Kingo City Real Estate Development Co., Ltd.,
who collectively own 100% of the equity interest in Yushu Kingo,
pursuant to which agreement, in exchange for 100% of the equity
interest in Yushu Kingo, Tianjin AnGaoMeng agreed to pay
$20,000,000 in cash and cause AGM Holdings to issue 2,000,000 Class
A ordinary shares, valued at $15 per share, subject to the terms
and conditions of the Agreement.  As of April 9, 2021, Tianjin
AnGaoMeng has made advance payments in the amount of $4,937,663.

On April 6, 2021, the parties entered into a supplement agreement
to the Equity Transfer Agreement.  Pursuant to the Supplement
Agreement, if Tianjin AnGaoMeng decides not to proceed with the
acquisition contemplated by the Equity Transfer Agreement and
terminate such agreement on or before Oct. 31, 2021, the Sellers
shall return the Advance Payment and pay an additional 10% interest
to Tianjin AnGaoMeng.  If the Sellers are unable to make such
payment, the Sellers agreed to transfer the titles of real
properties of Yushu Kingo to Tianjin AnGaoMeng, valued with a 20%
discount to market price. The parties further agreed to conduct a
new evaluation of Yushu Kingo's assets and to enter into supplement
agreement based on such evaluation.

                     About AGM Group Holdings

Headquartered in Wanchai, Hong Kong, AGM Group Holdings Inc. is a
software company, currently conducting three main business: 1)
accounting and ERP software, 2) fintech software, and 3) trading
education software and website service.

AGM reported a net loss of $1.56 million for the year ended Dec.
31, 2019, compared to a net loss of $8.41 million for the year
ended Dec. 31, 2018.

Flushing, New York-based JLKZ CPA LLP, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
May 14, 2020, citing that the Company had incurred substantial
losses during the year, which raises substantial doubt about its
ability to continue as a going concern.


AHEAD DB: S&P Rates New $400MM Senior Unsecured Notes 'CCC+'
------------------------------------------------------------
S&P Global Ratings assigned its 'CCC+' issue-level rating and '6'
recovery rating to Chicago-based information technology solutions
provider Ahead DB Holdings LLC's proposed $400 million senior
unsecured notes due in 2028. S&P also raised the rating on the
company's first-lien term loan to 'B+' from 'B' and revised the
recovery rating to '2' from '3'.

Proceeds from the notes will be used to repay $235 million
outstanding under Ahead's second-lien term loan due in 2028 and
reduce the amount outstanding under its first-lien term loan to
$630 million from $785 million. This prompted S&P to raise the
issue-level rating.

Ahead acquired RoundTower Technologies LLC and Kovarus Inc. in
October 2020. S&P said, "We continue to anticipate a successful
integration, synergies realizations, and 3%-6% organic revenue
growth this year, supported by new digital infrastructure and cloud
deployments and solid profitability. We forecast adjusted leverage
will fall below 6x by the end of 2021 from above 7x when that
transaction closed."

ISSUE RATINGS - RECOVERY ANALYSIS

Key analytical factors

-- Ahead's contemplated debt capitalization will consist of a $115
million senior secured revolving credit facility due in 2025
(undrawn), first-lien term loan due in 2027 reduced to about $630
million, and $400 million in new senior unsecured notes due in
2028.

-- The borrower in all cases is Ahead DB Holdings LLC.

-- S&P's simulated default scenario assumes a payment default in
2024 as a result of a failure to achieve synergies and weak
economic conditions that reduce IT maintenance spending and system
upgrades, coupled with smaller and shorter service contracts,
inefficient research and development and product support spending,
and competitive pricing pressure on margins.

-- The first-lien senior secured debt ranks pari passu. S&P
assumes its collateral represents substantially all our emergence
value.

-- S&P said, "We value Ahead as a going concern using the EBITDA
multiple valuation approach. We believe that following a payment
default, the company would likely reorganize rather than liquidate
because of its long-standing supplier relationships, customer
relationships, and technical knowledge."

-- S&P said, "Our emergence valuation multiple of 6x is consistent
with the value-added reseller nature of the business, as well as
with similarly rated peers. We also assume bankruptcy
administrative expenses of 5%."

Simulated default assumptions

-- Year of default: 2024
-- EBITDA at emergence: $98 million
-- Implied enterprise value multiple: 6x
-- Revolving credit facility: 85% drawn at default

Simplified waterfall

-- Net enterprise value (gross enterprise value, $588 million;
less restructuring administrative expenses, $29 million): $559
million

-- Value to senior secured debt: $581 million

-- First-lien claims (revolving credit facility, $101 million;
term loan, $629 million): $730 million

    --Recovery expectations: 70%-90% (rounded estimate: 75%)

-- Remaining value: None

-- Senior unsecured claims(senior unsecured notes): $414 million

    --Recovery expectations: 0%-10% (rounded estimate: 0%)

Debt claims include approximately six months of accrued but unpaid
interest.



AIRXCEL INC: S&P Upgrades ICR to 'B' on Strong RV Demand
--------------------------------------------------------
S&P Global Ratings raised the issuer credit rating on Airxcel Inc.
to 'B' from 'B-'. S&P also raised the issue-level ratings on the
first-lien debt to 'B' from 'B-' and on the second-lien debt to
'CCC+' from 'CCC'. The stable outlook reflects S&P's expectation
that Airxcel can maintain leverage of 4.5x-5.5x in 2021 and 2022,
which would represent significant cushion compared to our 6.5x
downgrade threshold.

The upgrade reflects robust retail demand for RVs, which will
likely enable the company to sustain adjusted debt to EBITDA under
6.5x. The perception that RVs are a safe travel option during the
COVID-19 pandemic will likely support continued robust revenue and
EBITDA generation at Airxcel in 2021 and probably for a good
portion of 2022. S&P's updated forecast is that total
lease-adjusted debt to EBITDA could improve to the 4.5x-5x range in
2021, driven by higher sales volumes and EBITDA margin expansion,
before demand normalizes and leverage returns to the 5x-5.5x range
in 2022.

The RV Industry Assn., a trade organization that represents RV
original equipment manufacturers (OEMs), stated that North American
industry shipments could increase approximately 24% in calendar
year 2021 based on the midpoint of its shipments guidance. S&P
said, "We believe demand for RVs could remain elevated through 2021
given increased order backlogs at OEMs and historically low
inventory levels at retail RV dealerships. The backlogs increase
our confidence about our revenue forecast, even though backlogs can
be an imperfect indicator because the orders are subject to dealer
cancellation without penalty."

S&P said, "Additionally, although we believe RV demand could
potentially moderate in 2022 following two robust years, Airxcel's
aftermarket sales channel could mitigate volatility in the overall
RV industry. Airxcel's aftermarket sales tend to be higher-margin
and less volatile over the economic cycle, and account for a higher
percentage of the company's gross profit. We believe RV product
aftermarket sales would be less hurt by a potential inventory
correction. Airxcel's commercial/industrial segment will also
likely continue to be less volatile than the RV segment. That
segment, which provides essential heating, ventilation, and air
conditioning (HVAC) systems to telecommunication companies,
utilities companies, and schools, will likely continue to benefit
from growth in data usage and 5G infrastructure investments.

"A key risk is the sustainability of current RV demand. Under our
base-case forecast, we assume the company's revenue will increase
15%-25% in 2021. However, there is a significant risk RV demand
will soften following the current surge as customers return to
other forms of travel and after dealers replenish their inventory
levels, possibly in 2022. In addition, we believe the currently
elevated level of RV demand might be supported by government
stimulus payments, which have added to the discretionary income of
consumers that did not lose their jobs. The end of stimulus
payments could reduce demand."

Another source of potential volatility is that the RV industry can
periodically experience surges in demand that cause the highly
competitive OEMs to overbuild inventory, which recently contributed
to an industrywide inventory correction and caused wholesale
shipments to outpace retail demand for a prolonged period. The
results were significant shipment declines as recently as 2019. In
the current environment, OEMs may compete for market share when
consumer demand is perceived to be strong and temporary, which
could lead to inadvertent overproduction and excess inventory in
the channel. This could reintroduce the need to quickly reduce
inventory in the channel in the future (possibly in 2022) and
hamper the company's revenue and EBITDA margin if the RV industry
does not align production with retail demand.

Airxcel's acquisitive strategy could be a use of liquidity. S&P
believes the company is opportunistic and could continue to make
tuck-in acquisitions, as it has done over the past few years.
Airxcel has a track record of relying on operating cash flow and
asset-based lending (ABL) revolver to fund acquisitions, which can
be a risk, particularly if acquisitions are completed when RV
demand is down.

Airxcel's potential sale of its Marvair segment could increase
business risks, but it could also reduce leverage if proceeds are
used for debt repayment. In late 2019, the company completed a
reorganization and taxable spin-off of Marvair, the commercial and
industrial HVAC segment, which could prepare it for a sale over the
intermediate term. Airxcel's business risks would likely increase
if it sells Marvair due to lower revenue diversity, because HVAC
products have different end customers than the RV segment. Airxcel
would also lose Marvair's exposure to aftermarket sales, which tend
to have higher margins and are less volatile. Historically, these
business qualities have helped to mitigate the effects of
volatility in RV demand. S&P said, "We believe Marvair could be
sold at an EBITDA multiple that is attractive to the financial
sponsor because of its growth potential, distinct revenue drivers,
and higher EBITDA margin than the RV businesses. We believe
leverage could decrease if the sponsor uses proceeds from the sale
to repay debt."

The stable outlook reflects S&P's expectation that Airxcel can
maintain leverage in the 4.5x-5.5x range in 2021 and 2022, which
would represent significant cushion compared to our 6.5x downgrade
threshold.

S&P's could lower the rating if:

-- Adjusted leverage remains above 6.5x or adjusted EBITDA
interest coverage remains less than 2x, and Airxcel experiences
reduced liquidity that pressures its ability to pay interest,
principal amortization, and capital expenditures.

-- Airxcel develops further reliance on the ABL revolver and the
springing fixed-charge coverage ratio covenant becomes tested with
less than 15% cushion for compliance.

-- While currently unlikely because of anticipated high leverage
and the company's financial sponsor ownership, S&P could raise the
rating if the company can sustain adjusted leverage below 5x.



AJRANC INSURANCE: Gets Interim Approval to Use Cash Collateral
--------------------------------------------------------------
Judge Caryl E. Delano authorized AJRANC Insurance Agency, Inc., and
affiliate R.A. Borruso, Inc., to use cash collateral on an interim
basis pursuant to the budget, pending final hearing on April 26,
2021 at 3 p.m.

Expenditures in excess of the variance or not on the budget will
not be deemed to be unauthorized use of cash collateral, unless the
recipient cannot establish that the expense would be entitled to
administrative expense priority if the recipient had extended
credit for the expenditure.

The lenders are granted, as adequate protection, replacement lien
in all categories and types of collateral in which they held a
security interest and lien as of the Petition Date to the same
extent, validity and priority that they held as of the Petition
Date.

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

                  About AJRANC Insurance Agency

AJRANC Insurance Agency, Inc., based in Lutz, Fla., filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 20-06493) on August 27,
2020.  In the petition signed by Anthony L. Borruso, president, the
Debtor disclosed $1,869,283 in assets and $1,920,494 in
liabilities.  STICHTER RIEDEL BLAIN & POSTLER, P.A., serves as
bankruptcy counsel to the Debtor.

Nine Family Circle Holdings, Inc. (Case No. 20-6494) and R.A.
Borruso, Inc. (Case No. 20-6495) also sought Chapter 11 protection.
The cases are jointly administered under AJRANC Insurance's case.



ALLIED UNIVERSAL: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed Allied Universal Holdco LLC's (AU)
Long-Term Issuer Default Rating (IDR) at 'B'. The Rating Outlook is
Stable. Fitch has also affirmed existing instrument ratings, and
assigned ratings on new debt issued to fund its acquisition of G4S.
A full list of ratings follows at the end of this release.

Allied Universal's rating is supported by the company's market
leadership position in U.S. manned guarding services, which is
strengthened by the acquisition of G4S. Fitch expects AU's
experienced management team will navigate through the complex
transaction. The rating is held in check by the company's
Fitch-calculated pro forma adjusted leverage, which remains at the
high end of Fitch's rating sensitivities following the G4S
acquisition. Fitch expects the company to profitably integrate the
acquisition and return to the mid-6.0x range by YE 2021.

KEY RATING DRIVERS

Acquisition Drives Leverage, Enhances Scale: This transformative
acquisition doubles AU's annual revenue to ~$18 billion and
establishes a clear global leader in security services. G4S adds an
additional 86 countries with significant presences in Europe and
the UK (17% of PF revenue), APAC (6%), South America (4%), and
Middle East & Africa (collectively 5%). AU will remain
predominantly North American, with the region accounting for 67% of
PF revenue and ~70% of operating profit. In addition to manned
guarding, G4S brings exposure to a small-cash-in transit business
(the bulk of which was sold to Brink's in February 2020), as well
as several new technology capabilities.

Potential Integration Challenges: AU expects integration efforts to
take up to two years, generating synergies of $155 million
(comprised of $31 million G4S corporate costs, and $124 million of
North American duplication & redundancies). Fitch believes this
synergy target is achievable, noting AU has frequently achieved or
beaten its own synergy targets for previous acquisitions. Outside
of North America, Fitch expects local G4S management to largely
remain in place, which lessens integration risk. The G4S
acquisition also brings potential for greater headline risk, which
may present dimensions of ESG risk for AU.

Resilient Pandemic Performance: The pandemic had minimal effect on
AU, as demand for security services at healthcare providers, state
and local governments and financial institutions have more than
offset declines in other areas. Overall, management reports
continued organic revenue growth (+4% in 2020) and grew headcount
throughout the year.

Enhanced Diversification: AU services a variety of blue chip
clients including 320 of the Fortune 500. The company is also
diversified geographically across the United States, with no
particular region making up more than 20% of revenues. Diversity
extends globally, with 33% of PF revenue generated in 86 new
countries spread across several regions. National clients represent
approximately 23% of total U.S. revenues with a 98% retention rate.
The company's top five clients account for less than 5% revenue. AU
is also well diversified by end market, the largest being Major
Corporates & Industrials (21%), Government (13%), Financial
Institutions (9%), and Retail & Malls (7%).

Continuing Operating Performance Improvements: AU has grown over
the past 10 years, while simultaneously improving margins. Annual
organic growth has ranged from 3% to 7%, driven by rate increases
and new client wins. The company has largely institutionalized its
integration efforts, resulting in more efficient synergy
realization and helping drive overall margin improvement.

Elevated Leverage: Ongoing M&A activity has been primarily financed
with debt. Fitch-defined pro forma total leverage (total debt with
equity credit/operating EBITDA) reduced from 7.0x at Dec. 31, 2018
to 6.1x at Dec. 31, 2020, driven by operational and margin
improvements across the platform. Fitch expects the G4S acquisition
will temporarily push leverage to 6.9x at closing, before partial
realization of synergies delevers the company back to 6.4x at YE
2021. Pro forma adjustments include annualized operating results
and related synergies for midyear acquisitions. Fitch expects the
company to continue focusing on small, tuck-in acquisitions as part
of its efforts to consolidate this fragmented industry.

Recession Resistant Industry: The security services industry is
relatively recession resistant, given the critical and
non-discretionary importance of asset protection. The industry
experienced growth rates of 9% in 2008, 2% in 2009 and -1% in 2010,
returning to low single digit growth in 2011. Fitch believes the
biggest risk during a recession is more due to the loss of business
when client's go under than a client cutting back on contracted
services. Recessions can also have positive cost effects, as rising
unemployment can reduce pressure on wages, overtime, and turnover.

Potential Cost Pressure: The fragmented industry structure
typically results in contract pricing pressure, although these
pressures alleviated during the 2020-2021 pandemic. Pre- pandemic,
employee costs increased due to low unemployment and minimum wage
growth in several states. Pay rates generally exceed minimum wage
given their focus on hiring and retaining qualified security
personnel. Additional cost concerns involve mandatory paid leave,
unionization, and higher unemployment which may not get passed on
to clients.

M&A Risk: There are few remaining large U.S. acquisitions, which
may drive up multiples large security service providers look to M&A
to supplement organic growth. Future acquisitions are expected to
focus on broadening electronic security offerings, and expanding to
new or existing markets and verticals through tuck-ins with
specific market focuses.

DERIVATION SUMMARY

AU's ratings reflect the company's position as the largest U.S.
security service provider and its expanded global coverage, which
affords the company access to larger security contracts not
generally available to smaller competitors, as well as its
substantial geographic and customer diversification. This industry
is relatively recession resistant as exhibited with its overall
performance during the pandemic and the 2008-2009 downturn.

AU's ratings are constrained by the company's high leverage due to
debt-financed M&A activity, as well as the degree of integration
risks that result from the transformative G4S acquisition. Although
the company is significantly larger than Garda World Security
Corporation (B+/Stable), it has less business line diversification,
lower EBITDA margins and higher leverage.

KEY ASSUMPTIONS

-- Revenue growth of 5% from 2021 onwards reflects core organic
    growth of 3% in North America, 2% in the rest of the world,
    combined with the impact of continued M&A.

-- Yearly M&A spend is forecast at $200 million, at a 4.5x EBITDA
    multiple and a 10% EBITDA margin. This accounts for ~$410
    million-$460 million in annual revenue. Funding for these
    acquisitions is primarily through FCF.

-- Acquisitions in 2021 are as follows: $8.3 billion purchase
    price for G4S, net $1.6 billion acquired cash; and $357
    million for acquisitions, which closed during Q1.

-- Margin improvement driven by acquisition synergies and costs
    reduction efforts expected to be realized by 2021-2022. Fitch
    expects half of the synergy benefit to be realized in the
    first year, with the remaining portion over 2022-2023. Outer
    year improvements are driven from implementation of AU's best
    practices across G4S' platform globally. Synergies are
    expected to generate a $250 million cash cost, which is
    realized in 2021.

-- Allowing for a substantial working capital effect in 2021 due
    to the G4S acquisition, FCF normalizes around $600 million
    annually in 2022 and thereafter.

-- Leverage falls to 5.0x by 2024.

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes Allied Universal would be reorganized
as a going-concern in bankruptcy rather than liquidated. Fitch has
assumed a 10% administrative claim.

Going-Concern (GC) Approach

Allied Universal's GC EBITDA assumption is based on Fitch's
projected 2020 EBITDA, which includes a full year of the G4S
transaction as well as adjustments for a portion of synergies
identified by the company.

The GC EBITDA estimate reflects Fitch's view of a sustainable,
post-reorganization EBITDA level upon which we base the enterprise
valuation.

Outstanding debt at bankruptcy is based on the following:

The company issues new debt to fund the G4S acquisition, including
~$1.8 billion in USD and EUR Senior Secured term loans, ~$3.2
billion in Senior Secured notes, and ~$1.3 billion in Senior
Unsecured notes.

Fitch typically assumes ABL facilities are 75% drawn at bankruptcy
due to the deterioration of the underlying accounts receivables
base prior to the bankruptcy filing. Although Allied Universal's
ABL revolver is secured by a first-lien on all working capital
assets and a second-lien on remaining assets, availability is
governed by a borrowing base of a percentage of eligible
receivables. AU upsized its ABL to $1.0 billion in connection with
the G4S transaction.

Fitch typically assumes revolvers are fully drawn when companies
are under duress. The company added a EUR300 million revolver to
its existing $300 million revolver in connection with the G4S
transaction.

Fitch's recovery analysis contemplates insolvency resulting from a
significant loss of contracts from increased competitive pressure
due to a breakdown in the industry's oligopolistic structure. Under
this scenario, one of the other large competitors becomes
aggressive regarding pricing leading to a 15% drop in revenues.
Based on an EBITDA margin of 7.5%, Fitch-calculated EBITDA would
fall to $1.45 billion.

An EV multiple of 7x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value. The choice of
this multiple considered the following factors:

The G4S transaction was conducted at an 11x multiple.

According to industry information, most of the large transactions
announced over the past 15 years have indicated average purchase
price values in the 8x-9x EBITDA range while smaller acquisitions
tend to have mid- to high single digit multiples.

Wendel acquired AlliedBarton for approximately 12x EBITDA; Allied
Universal acquired USSA for approximately 11x; and CDPQ recent
investment in Allied Universal was made at approximately 11x.

Given that the pure-play contract manned security industry is
comprised of private companies, there are no public multiples
available.

The 'BB-' rating and 'RR2' Recovery Rating on the first-lien
secured debt are based on Fitch's recovery analysis under a GC
scenario, which indicates strong recovery prospects in the 71% to
90% range. The 'CCC+' rating and 'RR6' Recovery Rating on the
unsecured debt indicates poor recovery prospects in the 0% to 10%
range.

RATING SENSITIVITIES

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

-- Fitch-calculated pro forma total leverage (total debt with
    equity credit/operating EBITDA) declines below 6.0x;

-- FFO Leverage declines below 6.25x.

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

-- FCF margin remains below 2% for an extended time;

-- Fitch-calculated pro forma total leverage exceeds 7.0x driven
    by operational issues; debt funded M&A; or dividends without a
    credible plan to delever.

BEST/WORST CASE RATING SCENARIO

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

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: Proforma for the transaction, liquidity of $2.3
billion (comprised of $713 million cash, plus availability under
the ABL and revolvers) is adequate for the rating category.

ESG Considerations:

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


ALLIED UNIVERSAL: Moody's Hikes CFR to B2, Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded Allied Universal Holdco LLC's
corporate family rating to B2 from B3, probability of default
rating to B2-PD from B3-PD, the senior secured to B2 from B3 and
the senior unsecured to Caa1 from Caa2. In addition, Moody's
assigned B2 ratings to its proposed senior secured US dollar term
loan, Euro revolver and Euro term loan. The outlook is stable.

The proceeds of the newly rated debt, unrated debt, over $1 billion
of equity from affiliates of Warburg Pincus, Caisse de Depot et
Placement du Quebec ("CDPQ") and others and cash were used to fund
the acquisition of G4S plc ("G4S") for about $7 billion (excluding
acquired cash) and pay related fees and expenses. Moody's expects
the unrated debt will be refinanced. Total debt sources raised for
the acquisition will be around $6 billion. The acquisition was
announced earlier in 2021 and completed on April 6.

RATINGS RATIONALE

"A bigger and potentially more profitable Allied Universal in North
America, plus the addition of the profitable and diverse non US G4S
business portfolio, makes the acquisition a positive credit
development despite over $6 billion of new debt incurred to
complete the transaction," said Edmond DeForest, Moody's Vice
President and Senior Credit Officer.

The upgrade of the CFR to B2 from B3 reflects the increased revenue
size and geographic scope of Allied Universal following the
acquisition of G4S. Both companies generated significant profits
and free cash flow in 2020, despite the difficult operating
environment in its uniformed guarding and other business services
markets. That said, Allied Universal had not generated free cash
flow before 2020. The integration of the two company's North
American operations provides an opportunity to achieve scale
efficiencies and cost reductions. North America represents about
two-thirds of revenue and more of profits and free cash flow for
the combined enterprise. Very high initial debt to EBITDA of 7.0
times as of December 31, 2020, pro forma for the acquisition of G4S
and other 2021 acquisitions made in 2021, including of Secure
America, LLC, should fall below 6.0 times by the end of 2022.
Leverage declines will be driven by 2% to 4% organic revenue
growth, expanding rates of profitability enabled by the anticipated
achievement of over $150 million of annual cost reduction targets,
as well as some debt repayment. However, cost reductions could take
longer than planned or prove difficult to achieve. Allied Universal
will roughly double in revenue size and increase its North American
footprint by about 25%. Adding legacy G4S markets, notably in the
UK, Belgium and The Netherlands in Europe, as well as many other
global markets, leaves Allied Universal with a larger operating
scale and greater geographic scope, but also non US dollar revenue
and profits. Legacy G4S cash-in-transit business lines add market
diversity, while G4S's retail and other technology integrated
security solutions expand the scope of Allied Universal's
technology-enhanced security offerings; these businesses have
better profitability characteristics than the company's core
uniformed guarding segment. Since about one third of revenue will
be outside the US, the inclusion of Euro and Sterling-denominated
debt among the acquisition financing sources helps balance Allied
Universal's liabilities to its pro forma assets and profits. EBITA
to interest expense expected around 2.5 times and free cash flow
(before transaction expenses) to debt of at least 3% anticipated,
as well as a very good liquidity profile, provide further support
for the upgrade.

All financial metrics cited reflect Moody's standard adjustments.

Allied Universal's EBITDA margins, historically around 9%, are low
relative to other essential business services companies. However,
security services, which accounts for over 90% of revenues,
features very low capital investment requirements, leading to good
free cash flow despite the narrow profit margins. In addition,
Moody's anticipates EBITDA margins will expand to above 10% over
the next 12 to 18 months as scale benefits and planned cost
reductions are achieved. An ongoing change in revenue mix towards
larger but lower gross margin contracts could slow profit rate
increases, but with the benefit of greater revenue certainty from
its largest and highest quality customers. The company may face
revenue pressure if pandemic-related lockdowns prevent it from
operating parts of its business. Allied Universal benefits from its
market position as the US's largest security services company, the
recession resistant nature of the security services business and a
track record of successfully integrating acquisitions and achieving
targeted cost reductions.

Moody's considers demand for security services to be relatively
stable through economic cycles, since customers generally view
security as a non-discretionary spending item. The overall security
services industry is relatively mature, with limited growth
prospects. Allied Universal is the largest security services
provider in North America with an estimated 35% market share
(according to the company) of the over $25 billion outsourced
manned guarding market. Moody's believes this scale brings benefits
from both a revenue and a cost perspective, and provides a
competitive advantage relative to smaller regional companies,
particularly with regard to national accounts. The company's
largest competitors include Securitas AB (unrated) and Garda World
Security Corporation (B3 stable). The North American security
services market is highly fragmented, with the top three companies
representing about half of the market and the remaining 50% spread
among thousands of local competitors. Historically, about 20% of
Allied Universal's pro-forma revenue has been comprised of national
accounts, which typically benefit from longer contracts and
established relationships, as well as reportedly high customer
retention rates of over 95%.

As a business service provider, Allied Universal does not have a
material or unusual environmental impact. Moody's regards the
coronavirus outbreak as a social risk under its ESG framework,
given the substantial implications for public health and safety.
The coronavirus outbreak, an uncertain global economic outlook and
asset price volatility have created a severe and extensive credit
shock across many sectors, regions and markets. The credit effects
of these developments continue to pressure certain of Allied
Universal's business segments, customers and regions. For instance,
the cash-in-transit and secured logistics sectors have been
significantly affected by the shock given their sensitivity to
customer demand and sentiment. That said, Moody's note that its
cash-in-transit and secured logistics operations are outside the
US, mostly in the UK, Europe and Africa.

Allied Universal has a very large global work force, so it faces a
diverse set of worker safety and related rules and regulations.
Both predecessor companies had a track record of complying with
applicable laws and maintains job-appropriate training of its large
employee base and board oversight of its risk management practices.
Potential reputational risks could arise from the mismanagement or
improper actions of its large employee base of uniformed guards, or
from the unauthorized use of the company's weapons, vehicles and
secured facilities by its employees or others. However, its track
record and reputation for prudent management and controls provides
support that any future issues will be handled safely and without
incurring reputational damage.

As a private company owned by financial sponsors, Allied
Universal's financial strategies are expected to remain aggressive
and opportunistic. Its track record of debt-financed acquisitions
and history of operating with high financial leverage and limited
free cash flow reflect its opportunistic policies typical of
financial sponsor ownership. Moody's considers the amount of equity
sources provided for the G4S purchase modest compared to the debt
sources. The board of directors is controlled by Warburg Pincus and
CDPQ. Among Allied Universal's expected near term capital
allocation priorities are investing in the business, completing
acquisitions, financial leverage reduction and cash returns to
shareholders. Financial reporting is delivered much later than is
typical for publicly-traded services companies, limiting timeliness
and transparency into its operations and financial results.

Moody's considers Allied Universal's liquidity profile as very
good. The company expects to close the G4S acquisition with over
$600 million of cash. Free cash flow (before transaction-related
expenses) should be at least $300 million in 2021 and $400 million
in 2022. Moody's anticipates full availability under its existing
$300 million senior secured first lien revolving credit facility
expiring 2024, proposed Eu300 million senior secured revolver due
2026 and unrated $1,00 million senior secured asset based revolving
credit facility ("ABL") expiring 2024. Moody's anticipates that
Allied Universal will increase the ABL size to $1,500 million.

The $300 million and Eu300 million revolvers are subject to a
maximum first lien net leverage ratio when utilization exceeds 30%
of total capacity. Moody's does not anticipate that the covenant
will be tested over the next year. If it were tested, Moody's
believes that the company would remain compliant.

The ratings assigned to the individual instruments are based on the
probability of default of the company, reflected in the B2-PD PDR,
as well as a family recovery of 50% of debt obligations assumed at
default.

The upgrade to B2 (LGD3) from B3 (LGD3) of the ratings assigned to
the senior secured debts reflects the upgrade of the PDR to B2-PD
from B3-PD and their ranking junior to the ABL and senior to the
unsecured claims. The rated senior secured debts are secured on by
substantially all assets and by the stock of the company's material
domestic and international subsidiaries. The secured debts are
further supported by upstream guarantees from the material domestic
subsidiaries. Collateral sharing arrangements and other structural
features of the debt documents render all secured debts (other than
the ABL) equal in Moody's waterfall of claims at default. The ABL
is considered senior to the rated secured debts due to its first
priority claim on the most liquid current US assets of the
company.

The senior secured debt documents include provisions permitting
incremental debt capacity up to the sum of: 1) the greater of: a)
$1,800 million; and b) pro forma adjusted EBITDA for the most
recent trailing 12 month period; 2) in the case of debt secured
pari passu with the existing secured debt, the maximum amount that
can be incurred without causing the Senior Secured First Lien Net
Leverage Ratio to exceed 4.75 times. No portion of the incremental
capacity may be incurred with an earlier maturity than the initial
term loans. Subject to certain limitations, Allied Universal will
be permitted to designate any existing or subsequently acquired or
organized non-borrower subsidiary as an "unrestricted subsidiary",
subject to carve-out capacity and other conditions. There are no
express "blocker" provisions which prohibit the transfer of
material or specified assets to unrestricted subsidiaries.
Non-wholly-owned subsidiaries are not required to provide
guarantees; dividends or transfers resulting in partial ownership
of subsidiary guarantors could jeopardize guarantees, with a
protective provision requiring majority lender consent for any
guarantee releases, if required under the credit agreement. There
are no express protective provisions prohibiting an up-tiering
transaction.

The upgrade to Caa1 (LGD6) from Caa2 (LGD6) of the ratings assigned
to the senior unsecured debts reflects the upgrade of the PDR to
B2-PD from B3-PD and their ranking within the capital structure
junior to the secured debts.

The stable outlook reflects Moody's expectations for low single
digit revenue increases, EBITDA margins of over 10% and debt to
EBITDA to fall below 6 times over the next 12 to 18 months. The
stable outlook also incorporates Moody's expectation for periodic
debt-funded acquisitions that could result in debt to EBITDA
temporarily rising toward 7 times.

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

The ratings could be upgraded if Moody's expects 1) debt to remain
around 5.0 times; 2) free cash flow above 6.0% of total debt; 3)
balanced financial policies; and 4) good liquidity.

The ratings could be downgraded if 1) revenue growth rates decline
toward break even; 2) expected profitability rate increases are not
achieved; 3) debt to EBITDA is expected to remain above 6.5 times;
or 4) free cash flow to debt is anticipated to remain below 3.0%.

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

Issuer: Allied Universal Holdco LLC

Corporate Family Rating, Upgraded to B2 from B3

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

Senior Secured 1st Lien Bank Credit Facility, Upgraded to B2
(LGD3) from B3 (LGD3)

Senior Secured Regular Bond/Debenture, Upgraded to B2 (LGD3) from
B3 (LGD3)

Senior Unsecured Regular Bond/Debenture, Upgraded to Caa1 (LGD6)
from Caa2 (LGD6)

Senior Secured Revolving Credit Facility, Assigned B2 (LGD3)

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

Outlook, Remains Stable

Allied Universal, headquartered in Conshohocken, Pennsylvania and
Santa Ana, California and controlled by affiliates of private
equity sponsors Warburg Pincus and CDPQ, is one of the world's
largest security and related services company. Moody's expects 2021
revenue (including a full year of G4S results) of around $19
billion.


ALLIED UNIVERSAL: S&P Upgrades ICR to 'B', Outlook Stable
---------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on North
American security solutions provider Allied Universal Topco LLC to
'B' from 'B-'. The outlook is stable. At the same time, S&P
assigned its 'B' issue-level and '3' recovery ratings to the
proposed secured credit facilities and secured notes and its 'CCC+'
issue-level and '6' recovery ratings to the proposed unsecured
notes.

S&P also raised its issue-level rating on Allied's existing secured
and unsecured debt to 'B' and 'CCC+', respectively, from 'B-' and
'CCC'.

On April 6, 2021, Allied Universal acquired G4S PLC for about $8.3
billion (9.6x pro forma adjusted EBITDA multiple). The transaction
was financed with balance sheet cash, about $1.07 billion of new
cash equity, and approximately $6.3 billion of new debt.

S&P said, "The stable outlook reflects our view that the company
will make steady progress executing the G4S integration, adjusted
EBITDA margins (S&P Global Ratings calculated basis) will be
sustained in the 7%-8% range, and adjusted leverage will decline to
the low-8x area by year-end 2022 from the pro forma high-8x area at
transaction close.

"Our upgrade primarily reflects the sharp improvement in Allied's
competitive position and operating scale following its acquisition
of G4S. Allied is now the global leader in the approximately $100
billion security services industry as a result of doubling its
revenue and EBITDA base. We view the industry as a
recession-resilient business, mature, but growing." Increased
utilization of workforce optimization tools and advanced security
systems technologies will likely improve client satisfaction and
retention, profitability, service line extensions, and revenue
growth over time.

Pro forma for the acquisition, Allied's global share increased to
about 18%, surpassing previous market leader, Securitas AB. In
North America, Allied holds a commanding market position, with
about 40% share of the $27 billion outsourced market, larger than
the next 10 largest competitors combined. The transaction will
increase guard density and operating efficiency in local markets,
and more importantly, it enhances Allied's ability to service large
multinational customers that are looking for a single integrated
security provider, potentially leading to market share gains. S&P
expects Allied will continue to continue to consolidate the manned
guarding industry segment while also leveraging its customer base
by expanding into more profitable adjacent end markets such as
security systems installation.

S&P said, "However, we don't expect meaningful free cash flow
generation or deleveraging until 2023. High debt service costs,
$121 million of annual pension over the next six years, $415
million of deferral payroll tax payments over the next two years,
one-time transaction and restructuring costs, and ongoing profit
margin pressures will likely result in negligible free operating
cash flow over the next two years. Pro forma leverage as of
year-end 2020 will increase to the high-8x area up from the low 8x
area. Under our base case, we estimate about $200 million of free
operating cash flow (FOCF) deficits in 2021 and about $60 million
of FOCF in 2022.

"While our base case forecast projects adjusted leverage to decline
to the 7x area in 2023, we believe debt-funded mergers and
acquisitions (M&A) will continue to be part of Allied's growth
strategy, resulting in adjusted leverage to be sustained above 8x."
The inherent complexity of the large cross-border acquisition
integration activities will likely to require significant
investments and time. Furthermore, the integration of G4S and
proposed synergy plan is more complex and expensive relative to its
previous tuck-in acquisitions. S&P said, "Nevertheless, we believe
the proposed $155 million in run-rate synergies are achievable and
the $250 million in one-time costs adequately reflect investments
required for a cross-border deal of this size. However, we assume
cost savings will be realized over three years rather than the
company's view that the majority of the cost-cuts will be completed
and realized within 2021." The identified cost take-outs will
primarily be headcount in overlapping sales, general, and
administrative functions in North America and global corporate
costs. The largest proportion of one-time expenses will be used for
legal and compliance integration, retention bonuses buyouts and
severance, uniform and vehicle rebranding, and information
technology systems integration.

A stronger-than-expected recovery in labor markets could squeeze
profitability. The industry's profit margins are counter-cyclical
as high unemployment rates associated with economic recessions have
been a tailwind for Allied's profitably due to lower non-billed
overtime, training, and recruiting costs. S&P said, "However, over
the next two years, our base case assumes EBITDA margins are flat
to down. The company is likely to face headwinds due to the
unprecedented level of extended unemployment benefits that is
resulting in a tight labor market. In addition, our forecast
recovery in unemployment rates to 4.6% in 2022 from 8.1% in 2021,
along with the reduction in one-time high-margin services related
to COVID-19 screening that occurred in 2020, will pressure
margins."

However, Allied has invested in proprietary technology and tools to
streamline recruiting and employee scheduling and optimize contract
pricing for regional managers that could support profit margins if
they are appropriately scaled. In addition, improved productivity
or margin improvement from new security technology deployments or
from the adoption of new technology solutions could also improve
profitability.

S&P said, "The stable outlook reflects our view that the company
will make steady progress executing the G4S integration, adjusted
EBITDA margins (S&P Global Ratings calculated basis) will be
sustained in the 7%-8% range, and adjusted leverage will decline to
the low-8x area by year-end 2022 from the pro forma high-8x area at
transaction close."

S&P could lower the ratings if:

-- Operating performance or EBITDA margins were weaker than
expected;

-- S&P expected sustained FOCF deficits or a sharp increase in
adjusted leverage; or

-- The company increasingly relied on revolving credit facility
borrowing to fund operations.

This could occur if the company had difficulty integrating G4S,
employee turnover increased, bill/pay rates deteriorated, or Allied
experienced market share losses due to poor service quality and
reputational damage. Furthermore, S&P could also lower the rating
if Allied pursued debt-funded dividends or large non-accretive
M&A.

S&P said, "We could raise our ratings if the company reduced its
leverage below 7.5x on a sustained basis, with FOCF to debt
approaching the mid-single-digit percent area. This could occur if
the company demonstrated strong execution of its integration
initiatives or if the company were to materially expand into
more-profitable security technology offerings.

"However, we believe an upgrade is unlikely over the next 24 months
given our view on the integration costs and the financial sponsor's
aggressive financial risk tolerance and the associated
re-leveraging risk."



ALTICE USA: S&P Ups ICR to 'BB' on Favorable Business Prospects
---------------------------------------------------------------
S&P Global Ratings raised the issuer credit rating on Altice USA by
one notch to 'BB' from 'BB-', reflecting its more favorable view of
its business, somewhat tempered by its expectations for ongoing
elevated leverage.

S&P said, "We are also removing the issuer credit ratings from
CreditWatch, where we had placed them with positive implications on
February 9, 2021.

"The upgrade reflects our more favorable view of Altice's business
over the next few years. We believe Altice, along with its cable
peers, will benefit from the structural shift to high-speed
broadband connectivity throughout the U.S. Demand for faster
internet had been building even before the pandemic as consumers
attach more devices to Wi-Fi, stream video, and participate in
online gaming." This trend accelerated during the pandemic because
of working at home and remote learning. Altice will benefit from
new consumer sign-ups for broadband services (deepening
penetration), taking share from competitors offering slower
broadband services (such as digital subscriber line [DSL] and
satellite) and higher prices as existing consumers migrate to
faster-speed tiers.

Altice's management team has improved operational efficiency since
acquiring Cablevision. Altice's management has demonstrated skill
in executing an aggressive cost-cutting plan while maintaining
consistent subscriber trends in recent years. Since acquiring
Cablevision in 2017, Altice has delayered management, eliminated
nonessential operating and service agreements, and rationalized
supplier relations, which have collectively improved EBITDA
margins. The company also benefits from demographically favorable
regions, with about 70% of operations in New York and Texas, which
tend to have above-average income levels and greater household
density than most markets. Combined, these factors allow Altice to
lead the industry in EBITDA per home passed, EBITDA per customer,
and cash flow conversion.

S&P said, "We view the company's financial policy and governance as
aggressive for a public company, but the risks are manageable and
factored into our upgrade and 6x downside leverage threshold.
Although management introduced a leverage target of 4.5x-5.0x in
2018, it has yet to operate consistently within this range (S&P
Global Ratings-adjusted leverage was 5.7x as of Dec. 31, 2020).
Instead, the company has pursued what it considers higher return on
investment (ROI) uses of its cash and cash flow, including mergers
and acquisitions (M&A) and share repurchases, all of which have
been at least partially funded with debt. For example, in December
2020, Altice used the proceeds it received from the sale of a
minority stake (49%) in Lightpath to fund a one-time stock buyback
tender. Our 6x downside adjusted leverage threshold for the 'BB'
rating (which includes S&P Global Ratings' adjustments) is looser
than the company's own 5x target and reflects our improved view of
the business. Still, we don't expect Altice to increase leverage
above our 6x downgrade trigger for a sustained period.

"Legal and structural guardrails will likely keep governance
concerns in check. We view Altice's governance structure as
aggressive for a publicly traded company and having similar
characteristics to a sponsor-controlled company. However, we
believe having public equity and debtholders place guardrails
around any actions that its largest shareholder, Patrick Drahi (92%
voting shares; 47% economic stake), could take. This includes
paying out a sizable one-time dividend to shareholders or making
acquisitions that would increase and keep leverage well above its
stated leverage range.

"We view the likelihood of a debt-financed, take-private
transaction of Altice USA as low over the next two to three years.
For starters, Altice USA has an equity market cap of over $16
billion, whereas Altice Europe's stock was significantly depressed
when Mr. Drahi recently bought out minority holders and took the
company private. While ongoing share repurchases could increase Mr.
Drahi's economic stake (currently about 45%) over time, it would
take several years for this to occur. Perhaps more importantly, we
believe Altice USA's public float is important strategically for
Mr. Drahi because it could serve as deal currency for future M&A.

"We view the likelihood of a large debt-financed special dividend
to owners to support Mr. Drahi's European investment as low. We
believe that significant leakage associated with Mr. Drahi's
minority economic stake is a key consideration. Secondly, there
would be tax impacts that would further reduce the efficiency of
such a transaction. We believe the 2018 spin-out of Altice USA runs
counter to the intent to use Altice USA as a funding vehicle to
support Altice Europe (which is demonstrating signs of improving
cash flow)."

While Mr. Drahi has flexibility within debt agreements to
unilaterally declare subsidiaries as unrestricted, selling assets
and using proceeds to return cash to shareholders, there are
limitations that would prevent pro forma leverage increasing
significantly. There is a maximum pro forma leverage covenant of
5.5x for such a transaction, plus a free-and-clear basket of 30% of
last two-quarter average EBITDA (about $1.3 billion), which S&P
estimates could push pro forma leverage to about 5.75x under the
most aggressive scenarios.

S&P said, "Leveraging M&A remains an ongoing credit risk but is not
factored explicitly into our rating.Altice has an acquisitive track
record and we believe it remains interested in acquiring related
businesses. The company recently made an unsuccessful bid to
purchase Atlantic Broadband from parent Cogeco Communications that
would have raised pro forma leverage to around 6x. Although this
signals a willingness to operate at leverage inconsistent with its
public target (4.5x-5x), we believe the company would ultimately
seek to restore leverage to below 5.5x quickly. We believe
transformative M&A deals would likely require access to the deeper
investment-grade credit markets, placing a natural leverage
guardrail on large-scale M&A risk.

"Lacking M&A opportunities, we believe the company will likely
favor returning cash to shareholders through share repurchases over
reducing debt below the higher end of its leverage range. While
this could keep leverage somewhat elevated above its stated
leverage range, we don't expect that the company will undertake a
leveraged share repurchase program that would push leverage above
our 6x downgrade threshold.

"The stable outlook reflects our view that Altice could deleverage
by about 0.5x per year through earnings and cash flow generation.
However, we expect that the company will deploy capital toward
shareholder returns or acquisitions, such that leverage could
remain above 5x over the next year."

S&P is unlikely to raise the rating over the next year but could do
so long-term if leverage stays below 4.5x. This would require:

-- Management to revise its public leverage target; and

-- Demonstrate a track record of operating within its stated
targets.

S&P is unlikely to lower the rating over the next year, but could
do so if:

-- The company's operating performance materially weakens versus
our base case due to competition; or

-- It becomes more aggressive with debt-financed share repurchases
or M&A such that leverage remains above 6x.



AMATA LLC: Court Grants Access to Busey Bank's Collateral
---------------------------------------------------------
Judge Jack B. Schmetterer authorized Amata LLC to use the cash
collateral of pre-petition lender Busey Bank to finance day-to-day
operations, pay employees and lessors, and pursue a financial and
operational restructuring, according to the approved budget.

The Debtor's authority will take effect retroactive to the Petition
Date through and including the earliest to occur of:

     * the indefeasible payment in full of the prepetition debt and
the adequate protection obligations;

     * the failure of the Court to enter a final order by 5 p.m.
(prevailing Central Time) on May 17, 2021;

     * the Debtor's non-compliance to the approved budget in the
use of cash collateral;

     * the Debtor's failure to make any payment required under this
interim order, including the adequate protection obligations;

     * the appointment, without the Prepetition Lender's prior
written consent, of a Chapter 11 trustee or examiner with duties in
addition to those set forth in Sections 1106(a)(3) and (a)(4) of
the Bankruptcy Code; and

     * the conversion of the Debtor's Chapter 11 case to a case
under Chapter 7 without the prior written consent of the
Prepetition Lender.

As of the Petition Date, the Debtor owes the Prepetition Lender
$2,696,806 in aggregate principal amount, inclusive of accrued
interest, costs, expenses, fees and other charges under the
pre-petition financing documents.  The Prepetition Lender's liens
have priority over all other liens except those valid, enforceable,
non-avoidable and perfected liens (x) that are senior in priority
to the prepetition liens, and (y) in existence on the Petition Date
that are perfected after the Petition Date.

The Court ruled that the Prepetition Lender is granted
post-petition replacement liens, super-priority claim, and
post-petition payments (for principal and interest) as adequate
protection for any diminution in value of its interests in the
pre-petition collateral and any other decline in value as a result
of the imposition of the automatic stay.

The pre-petition liens, the replacement liens and the
super-priority claim are all subordinate to the amount carved-out
for (i) fees payable to the Subchapter V Trustee, (ii) professional
fees of, and costs and expenses incurred by, professionals or
professional firms retained by the Debtor, subject to a cap, (iii)
the allowed professional fees and costs and expenses incurred by
all case professionals after the occurrence of a termination
declaration event, in an aggregate amount of up to $10,000, and
(iv) reasonable fees and expenses of up to $5,000 in the aggregate
incurred by any Court-appointed Chapter 7 trustee.  

A copy of the order is available at https://bit.ly/3amCgkH from
PacerMonitor.com at no charge.

Final hearing is set for May 11, 2021 at 11:00 a.m. (prevailing
Central Time).  Objections must be filed no later than five days
prior to the final hearing.

                        About Amata LLC

Amata LLC -- http://www.amatacorp.com/-- with principal place of
business at 77 W. Wacker Drive, Suite 4500, in Chicago, Illinois,
is an office space provider catering specifically to legal
practitioners.  Amata filed a petition under Subchapter V of
Chapter 11 of the Bankruptcy Code on April 12, 2021 (Bankr. N.D.
Ill. Case No. 21-04801) with the U.S. Bankruptcy Court for the
Northern District of Chicago.

In the petition signed by Ronald C. Bockstahler, founder and chief
executive officer, the Debtor is estimated with assets between
$1,000,001 to $10 million and liabilities within the same range.

Neema T. Varghese was appointed as the Subchapter V Trustee.

Judge Jack B. Schmetterer is assigned to the case.

McDonald Hopkins LLC is the Debtor's general bankruptcy counsel and
may be reached at:

   Nicholas M. Miller, Esq.
   McDonald Hopkins LLC
   300 North LaSalle Street, Suite 1400
   Chicago, IL 60654
   Telephone: (312) 642-6938
   Facsimile: (312) 280-8232
   Email: nmiller@mcdonaldhopkins.com

Counsel for Busey Bank, pre-petition lender:

   J. Ryan Potts, Esq.
   Brotschul Potts, LLC
   30 N. LaSalle Street, Suite 1402
   Chicago, IL 60602
   Telephone: (312) 551-9003
   Email: ryan@brotschulpotts.com



AMERICAN NATIONAL: Court Extends Cash Access Thru June 23
---------------------------------------------------------
The Honorable David R. Jones of the U.S. Bankruptcy Court for
Southern the District of Texas authorized American National Carbide
Co. to use cash collateral through June 23, 2021 to pay
post-petition obligations in the ordinary course of business based
on the budget, and any other disbursements authorized by Court
order.  The Debtor projected $32,635 in cash disbursements for the
week ending April 23, 2021, including $16,600 in employee payroll.
The Court ruled, however, that notwithstanding the approved budget,
the Debtor may not make any disbursements to any professional
without a separate Court order authorizing said disbursement.

Holders of allowed secured claims with a security interest in cash
collateral will be entitled to a replacement lien in all property
of the estate, and a continuing security interest to the same
extent, validity, and priority as of the Petition date.

Judge Jones ruled that the liens by Harris County will neither be
primed by nor subordinated to any liens granted pursuant to
applicable non-bankruptcy law or pursuant to this order.

The next hearing on the motion is set for June 23, 2021 at 9 a.m.
A copy of the order is available at https://bit.ly/3aoYy5m from
PacerMonitor.com at no charge.

                 About American National Carbide

American National Carbide Co. -- http://anconline.com/-- is a
vertically integrated manufacturer of cemented tungsten carbide
products for a wide range of industries, including metalworking,
oil and gas, and wood processing, as well as zinc reclaim powders
and ready-to-press grade powders.

American National Carbide filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
21-31050) on March 26, 2021.  Greg Stroud, president, signed the
petition.  At the time of the filing, the Debtor disclosed
$1,492,225 in assets and $3,969,983 in liabilities.  Attorney
Donald Wyatt PC represents the Debtor as legal counsel.



ANGLO-DUTCH ENERGY: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Anglo-Dutch Energy, LLC
        1717 West Loop South
        Suite 1400
        Houston, TX 77027

Business Description: Anglo-Dutch Energy, LLC --
                      http://www.anglo-dutch.com-- is an
                      operator focused on exploration,
                      acquisitions, and development in the United
                      States.  Its acquisitions team is
                      experienced in acquiring low-risk production
                      life oil and gas reserves throughout the
                      Upper Gulf Coast, Permian Basin and Mid-
                      Continent.

Chapter 11 Petition Date: April 23, 2021

Court: United States Bankruptcy Court
       Southern District of Texas

Case No.: 21-60036

Debtor's Counsel: Timothy L. Wentworth, Esq.
                  OKIN ADAMS LLP
                  1113 Vine St., Suite 240
                  Houston, TX 77002
                  Tel: (713) 228-4100
                  Email: twentworth@okinadams.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Scott V. Van Dyke, member & president.

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/ADXVRQY/Anglo-Dutch_Energy_LLC__txsbke-21-60036__0001.0.pdf?mcid=tGE4TAMA


APACHE CORP: Moody's Affirms Ba1 CFR, Outlook Still Negative
------------------------------------------------------------
Moody's Investors Service affirmed Apache Corporation's Ba1
Corporate Family Rating, Ba1-PD Probability of Default Rating and
Ba1 senior unsecured notes rating. The outlook remains negative.
Moody's concurrently upgraded Apache's Speculative Grade Liquidity
Rating to SGL-1 from SGL-2.

"The affirmation of Apache's Ba1 ratings reflects a more supportive
oil and gas price environment combined with the company's continued
restraint in capital spending and dividends that will drive free
cash flow generation and improved credit metrics in 2021," said
Pete Speer, Moody's Senior Vice President. "However, the company
needs to substantially reduce outstanding debt to enhance the
resiliency of its cash flow based leverage metrics to periods of
weaker commodity prices while also reducing leverage on its smaller
production and reserves base."

Upgrades:

Issuer: Apache Corporation

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

Affirmations:

Issuer: Apache Corporation

Probability of Default Rating, Affirmed Ba1-PD

Corporate Family Rating, Affirmed Ba1

Commercial Paper, Affirmed NP

Senior Unsecured Notes, Affirmed Ba1 (LGD4)

Outlook Actions:

Issuer: Apache Corporation

Outlook, Remains Negative

RATINGS RATIONALE

The affirmation of Apache's Ba1 CFR reflects Moody's expectation of
recovery in leverage metrics and meaningful free cash flow
generation in 2021. Apache like many of its peers swiftly cut
capital expenditures and dividends in 2020 as oil prices collapsed
in response to the coronavirus pandemic. The benefits of those cuts
extend into 2021 with capex expected to remain at levels that
largely maintain oil production volumes but overall production will
continue to decline primarily because of declines in US natural gas
volumes. Free cash flow generation will grow substantially in 2021
thanks to high oil prices year to date and could rise further if
prices remain above Moody's base oil price assumptions. This will
allow Apache to reduce debt and financial leverage, helping its
credit metrics recover from the very weak levels in 2020.

Apache's Ba1 CFR reflects the benefits of its large asset base that
is diversified geographically, geologically and by hydrocarbon. Its
mix of unconventional and conventional reservoirs moderates its
capital intensity compared to its more shale focused peers.
Apache's property portfolio benefits from having producing assets
in the North Sea and Egypt that provide exposure to Brent oil
pricing and generates meaningful cash flow even in a low oil price
environment. This adds diversification to its large acreage
position in the Permian Basin. The company also benefits from a
continued claim on the prospective acreage position in Suriname
with many discoveries reported to date.

The company's strong business profile is offset by high debt levels
and weaker credit metrics than its similarly rated peers. Apache's
cash flow based credit metrics are lower and its leverage on
production and proved developed (PD) reserves is higher than its
Ba1 and many Ba2 rated peers. With limited capital investment
resulting in declining to flat production and PD reserves over the
next few years it is important for the company's Ba1 rating that
debt be reduced beyond upcoming maturities to drive improvements in
credit metrics and enhance the company's resilience to future
downcycles in commodity prices.

The negative outlook reflects Apache's still weak investment
returns and financial leverage metrics relative to peers under
Moody's base commodity price assumptions and the need to reduce
debt beyond the company's limited amount of upcoming maturities to
sustain metrics supportive of its rating through commodity price
volatility. If the company generates substantial free cash flow and
prioritizes debt reduction as stated by management then the outlook
could be changed to stable.

Apache's SGL-1 rating indicates very good liquidity as underpinned
by its $4 billion committed revolving credit facility that matures
in March 2024 and forecasted free cash flow generation. As of
December 31, 2020, there was approximately $2.95 billion of
availability on the revolver after taking into account $150 million
of borrowings outstanding and around $900 million of letters of
credit, most of it being made up of letters of credit posted for
asset retirement obligations in the UK North Sea. The facility has
one financial maintenance covenant for which Apache has ample
headroom for future compliance. The company has limited debt
maturities through the revolver maturity in 2024, with no debt
maturities in 2021, followed by $213 million maturing in April 2022
and $123 million in January 2023.

Apache's senior unsecured notes are rated Ba1, the same as the CFR.
The company's revolving credit facility and senior notes are all
unsecured with no subsidiary guarantees.

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

Apache's ratings could be downgraded if its investment returns and
financial leverage metrics do not sustainably improve from 2020
levels. An LFCR below 1x, Retained Cash Flow (RCF)/Debt below 20%,
or Debt/PD above $12/boe could result in a ratings downgrade.

In order for a ratings upgrade to be considered, Apache has to
substantially reduce outstanding debt and return to modest
production and reserves growth at competitive returns with oil and
gas prices in the middle of Moody's medium term ranges. A Leveraged
Full-Cycle Ratio (LFCR) above 1.5x, RCF/Debt above 40%, and Debt/PD
approaching $8/boe could support a ratings upgrade.

Apache Corporation is a large independent exploration and
production company headquartered in Houston, Texas. It is a wholly
owned subsidiary of publicly traded APA Corporation (APA). The
company operates in the Permian Basin in west Texas and
southeastern New Mexico, with acreage spanning the Midland,
Delaware and Central Basin Platform sub-basins. Core international
operating areas are in Egypt and the North Sea. An exploration
program is underway in Suriname which is owned by another APA
subsidiary, for which Apache holds a claim on that asset.

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


APPLIED ENERGETICS: Incurs $3.2 Million Net Loss in 2020
--------------------------------------------------------
Applied Energetics, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$3.23 million on $175,920 of revenue for the year ended Dec. 31,
2020, compared to a net loss of $5.56 million on zero revenue for
the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $4.63 million in total assets,
$2.93 million in total liabilities, and $1.70 million in total
stockholders' equity.

Henderson, Nevada-based RBSM LLP, the Company's auditor since 2016,
issued a "going concern" qualification in its report dated April
12, 2021, citing that the company has suffered recurring losses
from operations, will require additional capital to fund its
current operating plan, and has stated that substantial doubt
exists about the company's 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/879911/000121390021021158/f10k2020_appliedenerge.htm

                     About Applied Energetics

Headquartered in Tucson, Arizona, Applied Energetics, Inc. --
www.aergs.com -- specializes in the development and manufacture of
advanced high-performance lasers, high voltage electronics,
advanced optical systems, and integrated guided energy systems for
prospective defense, aerospace, industrial, and scientific
customers worldwide.


ARTISAN BUILDERS: K & T & Akras Buying Phoenix Property for $1.4M
-----------------------------------------------------------------
Artisan Builders, LLC, asks the U.S. Bankruptcy Court for the
District of Arizona to authorize the short sale of the real
property located at 2250 N. 28th Street, in Phoenix, Arizona, to K
& T Joint Ventures and Akras Capital, LLC, for $1.395 million,
subject to higher and better offers.

It is the Debtor's second Motion to Approve Sale related to this
real property.  Its initial Motion was filed March 30, 2021, but
withdrawn when the buyer withdrew.

The Debtor is a homebuilder.  At the time of filing its Petition it
held title to 18 parcels of real property on most of which it had
been in the process of constructing single family residences,
including to the six lots which comprise 2250 N. 28th Street.
Construction was not complete.

The Debtor has entered into a Commercial Resale Real Estate
Purchase Contract for the sale of 2250 N. 28th Street with the
Buyers for $1.395 million.  Escrow is to close 30 days from
completion of the due diligence period which is 15 days from Court
approval.

America's Specialty Finance Co. issued a loan in the principal
amount of $1.3 million secured by a first position deed of trust
against the subject property.  It contends the balance currently
owed by Debtor and secured by 2250 N. 28th Street is approximately
$1.68 million.

Real Estate Finance Corp. ("REFCO") holds a second position deed of
trust, securing the principal amount of $500,000.  Of it, a 10%
interest was assigned to Beech Ridge, LLC, in exchange for its loan
of a principal amount of $50,000.

The Nirmal Trust, Divyesh Patel, Trustee, holds a third position
deed of trust, securing the principal amount of $100,000.

KJAM, LLC, holds a fourth position deed of trust, securing the
principal amount of $100,000.

On Oct. 15, 2020, the Court issued its Order Authorizing Employment
of My Home Group, LLC, and its broker, John Dyer, to list and sell
the 2250 N. 28th Street property for the Debtor.  The Listing
Agreement and Purchase Contract call for this broker and agent,
Nancie Dion, to receive a 3% commission upon a successful sale with
the Buyer's agent to also receive a 3% commission.  The Buyers are
represented by agents William Gregg and Kristin Gregg of Keller
Williams Integrity First.

The real estate brokers involved in the transaction will reduce the
commissions to a combined 4% of the sales price to further this
transaction.  Listing broker will recover the 2.5% commission with
1.5% of that amount to be paid to the cooperating broker.

The contemplated sale is a short sale.  The amount due under the
secured liens exceed the purchase price and the value of the
subject property.  To allow the sale to take place, the senior
lender, ASFC, has agreed to accept the net proceeds, those
available after payoff of the commissions, closing costs, and
unpaid property taxes. The net proceeds to be distributed to ASFC
is $1.325 million.

The primary holder of the second position deed of trust, REFCO,
will release its security interest without payment. Beech Ridge,
LLC, the 10% holder of the second position deed of trust, will
receive any proceeds remaining after the distribution to ASFC, set
forth above, and payment of closing costs, including commissions.
Depending on the amount of the closing costs, there may be no net
proceeds available for Beech Ridge.

There will be no funds available for the third or fourth position
deeds of trust holders, the Nirmal Trust and KJAM, LLC.

The Debtor understands, based on information provided to it by
ASFC, the unpaid property tax to be paid at closing of the sale is
$1,535, or similar amount.

The sale of the 2250 N. 28th Street property is a typical
transaction of the Debtor's, although unique in the sense it
comprises lots on which construction is not complete.  The sale, if
approved, will allow the pay down of the Debtor's obligations to
ASFC and a portion to Beech Ridge.  There will be no funds
available for Debtor.  

The Debtor therefore seeks Court approval of the sale in accordance
with Section 363 (f) and Bankruptcy Rule 6004.  It believes the
offer from the Buyer represents the best price obtainable for the
2250 N. 28th Street Property.  It, however, does request the sale
be subject to higher and better offers.

Upon Court approval, the 2250 N. 28th Street property will be sold
free and clear of liens, claims, and encumbrances.  The secured
lien of ASFC's will attach to the net sale proceeds in the amount
of $1.325 million.  The balance of the sales price will attach to
the Beech Ridge, lien after payment of the associated closing
costs.  Any net amount still remaining will attach to the Beech
Ridge, LLC, lien.

The Debtor suggests any party desiring to bid provide the counsel
for the Debtor with a $5,000 cashier's check, or cash, on the date
of the sale and bid increases in increments of at least $1,000.

There is no current appraisal of the property.

Finally, the Debtor requests a waiver of the 14-day stay pursuant
to Rule 6004(h) to allow the order approving the relief requested
to take effect immediately so as to allow the sale to take place on
the date set forth in the Purchase Contract or as close to it as
reasonably possible.

A copy of the Agreement is available at
https://tinyurl.com/fh6mt37r from PacerMonitor.com free of charge.


             About Artisan Builders, LLC,

Artisan Builders, LLC, located at 17916 N. 93rd Street, Scottsdale,
Arizona, is a full service general contractor specializing in
custom homes.

Artisan Builders sought Chapter 11 protection (Bankr. D. Ariz. Case
No. 20-07501) on June 24, 2020.

The Debtor estimated assets and liabilities in the range of $1
million to $10 million.

The Debtor tapped Richard W. Hundley, Esq., at The Kozub Law Group,
PLC as counsel.

The petition was signed by James Guajardo, manager.

On Oct. 20, 2020, the Court appointed Urban Blue Realty, LLC, and
Nicolas Blue as Broker.



ASAIG LLC: Sale of Substantially All Assets to AAS Bidco Approved
-----------------------------------------------------------------
Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas authorized ASAIG, LLC, and affiliates to sell
substantially all assets to AAS Bidco, LLC.

The Buyer has offered to purchase the Purchased Assets in exchange
for (i) a credit bid of $14 million of AIG Prepetition Obligations,
(ii) the assumption by the Buyer of the Assumed Liabilities, and
(iii) cash in an amount necessary to pay 100% of the outstanding
DIP Obligations and projected administrative claims, priority
claims and other wind-down expenses at Closing.

The Sale Hearing was held on April 16, 2021.

On April 6, 2021, the Debtors conducted the Auction for the
Purchased Assets.  At the Auction, the Debtors (i) determined that
the Buyer's bid for the Purchased Assets, as memorialized in the
APA and the other Related Agreements, represents the highest or
otherwise best offer for the Purchased Assets and (ii) designated
the Buyer’s bid as the successful bid.  Also at the Auction, the
Debtors, in a valid and sound exercise of their business judgment,
determined that the next highest or otherwise best offer for the
Purchased Assets submitted at the Auction was the $22.5 million
credit bid of the AIG Lenders.

The APA and all other Related Agreements, including all of the
terms and conditions thereof, are authorized and approved in all
respects.

The sale is free and clear of all claims, liens, interests and
encumbrances (except as set forth in the APA) of any kind or nature
whatsoever.  All claims, liens, interests and encumbrances of any
kind or nature whatsoever (other than as expressly set forth in the
APA), will attach (effective upon the transfer of the Purchased
Assets to the Buyer) to the Proceeds.

Until the Closing, the Debtors will operate the business (including
the Purchased Assets), incur liabilities and make disbursements, in
each case in accordance with the APA and the other Related
Agreements.

The Debtors are authorized to (i) assume the Assumed Contracts,
(ii) assign the Assumed Contracts to the Buyer, effective upon and
subject to the occurrence of the Closing, free and clear of all
liens, claims, encumbrances, and other interests of any kind or
nature whatsoever, which Assumed Contracts by operation of the Sale
Order, will be deemed assumed and assigned effective as of the
Closing, and (iii) execute and deliver to the Buyer such documents
or other instruments as may be necessary to assign and transfer the
Assumed Contracts to the Buyer.  The Buyer's assumption on the
terms set forth in the APA and the other Related Agreements of the
Assumed Contracts, is approved.

Notwithstanding anything to the contrary set forth in the APA, on
the Closing Date, that certain Event Services Contract between
Debtor Aztec and Century Club of San Diego, which includes the
initial Event Services Contract and the First Amendment to Event
Services Contract, is assumed and assigned to the Buyer pursuant to
section 365 of the Bankruptcy Code, with no Cure Amount required.


Any amounts that become payable by the Debtors to the Buyer
pursuant to the APA and any of the Related Agreements executed in
connection therewith will be paid in accordance therewith.

At the time of the Closing of the transactions contemplated by the
APA and the other Related Agreements, the Debtors are authorized
and directed to distribute the Proceeds in accordance with the
terms of the DIP Credit Agreement, the DIP Order and the Sale
Order.  

The Back-Up Bidder is approved as the Back-Up Bidder, and the
Back-Up Bid is approved as the Back-Up Bid, and, in accordance with
the Bidding Procedures Order, will remain open and irrevocable
until the earlier of (i) the closing of the Sale to the Buyer or
the Back-Up Bidder and (ii) the date that is 30 days after the Sale
Hearing.

Recognizing the Stalking Horse Purchaser's expenditure of time,
energy and resources, the Debtors are authorized to pay the
Stalking Horse Protections in the amount of $144,000 to the
Stalking Horse Purchaser in immediately available funds as set
forth in the Sale Motion, Bidding Procedures Order and Stalking
Horse Agreement.

For the avoidance of doubt, and notwithstanding anything to the
contrary in the DIP Order, the Sale Order or the APA with Buyer,
the Harris County secured ad valorem tax claim for years 2019, 2020
and a prorated portion of 2021 pertaining to the Purchased Assets,
will be paid by the Debtors at Closing, and payment of the Tax
Claim will be a condition to Closing.  Upon payment, Harris
County's liens in the Purchased Assets and the Reserve established
pursuant to the DIP Order as adequate protection for the Tax Claim
shall be released in full.

To the extent applicable, the automatic stay pursuant to section
362 of the Bankruptcy Code i lifted with respect to the Debtors to
the extent necessary, without further order of Court, (i) to allow
the Buyer to give the Debtors any notice provided for in the APA
and the other Related Agreements, and (ii) allow the Buyer to take
any and all actions permitted by the APA and the other Related
Agreements and necessary to consummate the Sale and transactions
contemplated in the APA and the other Related Agreements.  

Notwithstanding Bankruptcy Rules 6004(h) and 6006(d), the Sale
Order will be effective and enforceable immediately upon entry and
its provisions will be self-executing.  In the absence of any
entity obtaining a stay pending appeal, the Debtors and the Buyer
are free to close the Sale under the APA and the other Related
Agreements in accordance with their terms at any time.

A copy of the Agreement is available at
https://tinyurl.com/y24ep3h2 from PacerMonitor.com free of charge.

                      About ASAIG LLC

ASAIG, LLC filed its voluntary petition for relief under Chapter
11
of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 20-35600)
on Nov. 17, 2020. The petition was signed by A. Kelly Williams,
manager.  At the time of the filing, the Debtor had estimated
assets of between $1 million and $10 million and liabilities of
between $10 million and $50 million.  

Judge Marvin Isgur oversees the case.  Matthew Okin, Esq., at Okin
Adams LLP, represents the Debtor as counsel.



ASAIG LLC: Selling Substantially All Assets to AAS Bidco LLC
------------------------------------------------------------
ASAIG, LLC, and affiliates filed with the U.S. Bankruptcy Court for
the Southern District of Texas their second notice of filing
proposed order in connection with the sale of substantially all
assets to AAS Bidco, LLC.

In aggregate, consideration for the sale and transfer of the
Purchased Assets will be composed of the following:

     i. the Credit Bid;

     ii. the assumption by Buyer of the Assumed Liabilities;

     iii. cash in an amount necessary to pay the outstanding DIP
Obligations arising under: (1) the DIP Term Loan A in the lesser
amount of (i) $4.65 million and (ii) the full principal amount due
and owing under the DIP Term Loan A as of the Closing Date; and (2)
the DIP Delayed Draw Term Loans in the lesser amount of (i) $7.5
million and (ii) all DIP Obligations due and owing in respect of
the DIP Delayed Draw Term Loans; and iv. cash in an amount
necessary to pay the Wind Down Expenses in an amount not to exceed
$750,000.

On April 6, 2021, the Debtors conducted an auction to determine the
Successful Bidder for the purchase of substantially all of their
Assets, as provided in the Court's Bidding Procedures Order.  Upon
the conclusion of the Auction, they selected AAS Bidco as the
Successful Bidder for the Assets.   

In connection with the Bidding Procedures Order, the Debtors file
their final proposed order approving the sale to AAS Bidco (Exhibit
A).  Exhibit B is a redline showing changes to the proposed order
from the version submitted on April 15, 2021.

Exhibit C is the final version of the proposed Asset Purchase
Agreement by and among Aztec/Shaffer, LLC, ASAIG, LLC and AAS
Bidco, LLC.

                      About ASAIG LLC

ASAIG, LLC filed its voluntary petition for relief under Chapter
11
of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 20-35600)
on Nov. 17, 2020. The petition was signed by A. Kelly Williams,
manager.  At the time of the filing, the Debtor had estimated
assets of between $1 million and $10 million and liabilities of
between $10 million and $50 million.  

Judge Marvin Isgur oversees the case.  Matthew Okin, Esq., at Okin
Adams LLP, represents the Debtor as counsel.



AUGUSTUS INTELLIGENCE: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Augustus Intelligence Inc.
        1 World Trade Center
        77th Floor
        Suite D
        New York, NY 10007

Business Description: Augustus Intelligence Inc. develops
                      artificial intelligence software technology.
                      Augustus offers its customers and
                      prospective customers an integrated, all-in-
                      one artificial intelligence solution to be
                      used in conjunction with the customers'
                      existing technology in order to maximize
                      efficiencies and improve profitability.

Chapter 11 Petition Date: April 24, 2021

Court: United States Bankruptcy Court
       District of Delaware

Case No.: 21-10744

Judge: Hon. John T. Dorsey

Debtor's Counsel: Bryan J. Hall, Esq.
                  ARCHER & GREINER, P.C.
                  300 Delaware Avenue
                  Suite 1100
                  Wilmington, DE 19801
                  Tel: 302-356-6625
                  Fax: 302-777-4352
                  E-mail: bjhall@archerlaw.com

Debtor's
Co-Counsel:       HAHN & HESSEN LLP

Debtor's
Claims,
Noticing &
Solicitation
Agent:            STRETTO
                  https://cases.stretto.com/augustus/court-docket

Debtor's
Financial
Advisor:          RYNIKER CONSULTANTS, LLC

Total Assets as of March 31, 2021: $10,110,349

Total Liabilities as of March 31, 2021: $2,763,109

The petition was signed by Emmet Keary, president/general counsel.

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

https://www.pacermonitor.com/view/TNCEFYQ/Augustus_Intelligence_Inc__debke-21-10744__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Armstrong Teasdale               Legal Counsel         $636,242
2005 Market Street
Suite 2900
Philadelphia, PA 19103
Email: accountinginfo@armstrongteasdale.com

2. R. Bankes                            Bank              $354,876
1 Stephen Street                     Development
London W1T 1AL                          Fees
United Kingdom
Tel: +44-7849-631036

3. One World Trade Center LLC         WTC Rent            $169,377
       
One Bryant Park,                
48th Floor                         
New York, NY 10036
Email: KKuznick@durst.org

4. Mena - WHO                      Mobilization           $120,000
9454 Wilshire Boulevard               Budget
Beverly Hills, CA 90212              Provider
Tel: +971.477.3185

5. O'Toole Scrivo, LLC                Board                $97,815
14 Village Park Road                  Legal
Cedar Grove, NJ 07009                Counsel
Tel: 973-979-8131
Email: jdigiulio@oslaw.com

6. Josef Broich                   Board Counsel            $85,538
Bockenheimer
Landstrasse 2-4
Frankfurt am Main
D-60306 Germany
Email: vmeyer@broich.de

7. Symphony Group                     Tech                 $77,025
Kolodvorska 11a                    Consulting
Sarajevo Sarajevo, 71000
Bosnia and Herzegovina
Email: invoices@symphony.is

8. Pacific Eagle                   Consulting              $58,151
Holdings Limited EUR                Services
Suite 1607, 16/F,
Dominion Centre
43-59 Queen's Road
East Hong Kong
Hong Kong
Email: shelley@aicapital.ai

9. Kaiser Dillon PLLC                 Legal                $55,646
1099 14th Street                  Investigation-
Northwest 8th Floor West          Ramsey Taylor
Washington, DC 20005
Email: billing@kaiserdillon.com

10. Kaplan, Hecker &              Legal Counsel-           $52,145
Fink LLP                             Pascal
350 Fifth Avenue                   Wienberger
Suite 7110
New York, NY 10118
Tel: 929-284-2426

11. Stride Consulting LLC        Tech Consulting           $48,697
127 W. 26th St. #1201
New York, NY 10001
Email: ar@stride.nyc

12. Rodl & Partner                   German                $39,624
Aeussere Sulzbacher Strasse         Auditing
100                                 Services
Nuremberg 90491 Germany
Email: info@roedle.de

13. Anakin Design Studios           Website                $34,547
Salzburger Str. 15                Development
Waging am See 83329 Germany
Email: hello@anakin.co

14. Law Offices of                 Sublease                $30,360
Navid Aminzadeh                     Legal
950 Third Avenue                   Counsel
Suite 901
New York, NY 10022
Email: sabrina@navidlaw.com

15. Reinhardt LLP                   General                $23,417
200 Liberty Street                  Counsel
27th Floor
New York, NY 10281
Email: cg@reinhardtllp.com

16. Ulrich Stockheim                 Board                 $19,912
Communications                     Consultant
7 Muehlengasse Cologne,
North Rhine-Westphalia
50667 Germany
Email: us@us-communications.de

17. Fallon, Bixby,                   Legal                 $18,877
Cheng & Lee, Inc.                 Immigration
130 Battery St.                     Services
Suite 550
San Francisco, CA 94111
Tel: 415-781-2338

18. Roland Berger                                          $18,368
Holding
1 Sederanger
Munich, Bavaria
80538 Germany
Email: noemail@augustusai.com

19. Athorus, PLLC                    Legal                 $11,325
125 316th St. NW                    Counsel
Stanwood, WA 98292
Tel: 206-466-9596
Email: amanda.vanderwel@athorus.com

20. Regus CME Ireland LTD         Co-Working                $9,857
28-32 Upper                         Space
Pembroke St.
Dublin
Dublin 2, Ireland
Email: dublin.pembrokehouse.regus.com


AUTOMOTORES GILDEMEISTER: Dechert Represents Noteholders Group
--------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Dechert LLP submitted a verified statement to
disclose that it is representing the Ad Hoc Group of Consenting
Noteholders in the Chapter 11 cases of Automotores Gildemeister
SpA, et al.

The Ad Hoc Group of holders, or investment managers or advisors for
holders, of 7.50% senior secured notes due 2025.

The members of the Ad Hoc Group are (i) certain funds or accounts
managed or advised by Elliott Investment Management L.P. and (ii)
certain funds or accounts managed or advised by Bain Capital
Credit, LP.

The members of the Ad Hoc Group hold claims against Gildemeister,
as Issuer, and its subsidiaries AG Créditos SpA., Marc Leasing,
S.A., Fonedar S.A., Camur S.A., Lodinem S.A., Carmeister S.A.,
Maquinaria Nacional S.A. (Chile), RTC S.A., Fortaleza S.A.,
Maquinarias Gildemeister S.A., Comercial Gildemeister S.A., and
Bramont Montadora Industrial e Comercial de Vehiculos S.A., as
guarantors, for obligations under and on account of the 7.50% Notes
due 2025 and the 2025 Notes Indenture.

The members of the Ad Hoc Group also hold claims against
Gildemeister, as Borrowers, and its subsidiaries AG Créditos SpA.,
Marc Leasing, S.A., Fonedar S.A., Camur S.A., Lodinem S.A.,
Carmeister S.A., Maquinaria Nacional S.A. (Chile), RTC S.A.,
Fortaleza S.A., Maquinarias Gildemeister S.A., Comercial
Gildemeister S.A., and Bramont Montadora Industrial e Comercial de
Vehiculos S.A., as guarantors, for obligations under and on account
of the Superpriority Senior Secured Priming Debtor-In-Possession
Credit Agreement, dated as of April 19, 2021, among Automotores
Gildemeister SpA, as Borrower, the Guarantors named therein, as
Guarantors, the Lenders from time to time parties thereto, as
Lenders, and Acquiom Agency Services LLC as Administrative Agent,
and TMF Group New York, LLC as Collateral Agent.

The members of the Ad Hoc Group also hold Series C preferred stock
and Series A and B Warrants.

As of April 22, 2021, members of the Ad Hoc Group and their
disclosable economic interests are:

Elliott Investment Management L.P.
Phillips Point, East Tower, Suite 1000
777 South Flagler Drive
West Palm Beach, FL 33401

* 7.50% Notes due 2025 Claims: $334,006,236 plus accrued and
                               unpaid interest, fees and expenses

* DIP Claims: $12,761,251 plus accrued and unpaid interest, fees
              and expenses

* Number of Series C Preferred Shares: 141,223

* Number of Series A Warrants: 511,743

* Number of Series B Warrants: 254,965

Bain Capital Credit, LP.
200 Clarendon Street
Boston, MA 02116

* 7.50% Notes due 2025 Claims: $62,734,771 plus accrued and unpaid
                               interest, fees and expenses

* DIP Claims: $2,332,409 plus accrued and unpaid interest, fees
              and expenses

* Number of Series C Preferred Shares: 34,215

* Number of Series A Warrants: 123,347

* Number of Series B Warrants: 61,101

Counsel for Ad Hoc Group of Consenting Noteholders can be reached
at:

        DECHERT LLP
        Allan S. Brilliant, Esq.
        Stephen M. Wolpert, Esq.
        Eric O. Hilmo, Esq.
        1095 Avenue of the Americas
        New York, NY 10036
        Telephone: (212) 698-3500
        Facsimile: (212) 698-3599
        E-mail: allan.brilliant@dechert.com
                stephen.wolpert@dechert.com
                eric.hilmo@dechert.com

A copy of the Rule 2019 filing is available at
https://bit.ly/3ewsEF4 at no extra charge.

                 About Automotores Gildemeister

Headquartered in Santiago, Chile, Automotores Gildemeister SpA is
one of the largest car importers and distributors in Chile and Peru
operating a network of company-owned and franchised vehicle
dealerships.  Its principal car brand is Hyundai, for which it is
the sole importer in both of its markets.  For the last 12 months
ended June 30, 2020, AG reported consolidated net revenues of $770
million, of which 95.2% correspond to sales in Chile and Peru, its
key markets.

Automotores Gildemeister SpA and its affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 21010685) in New York on April
12, 2021.  The Hon. Lisa G Beckerman is the case judge.
Automotores was estimated to have $500 million to $1 billion in
assets and liabilities as of the bankruptcy filing.  CLEARY
GOTTLIEB STEEN & HAMILTON LLP, led by Jane VanLare, and Adam
Brenneman, is the Debtors' counsel, and PRIME CLERK LLC is the
claims agent.


AVID BIOSERVICES: Completes Redemption of Series E Preferred Stock
------------------------------------------------------------------
Avid Bioservices, Inc. has completed the redemption of all of the
Company's outstanding 10.50% Series E Convertible Preferred Stock
as of April 12, 2021.

In a press release dated March 10, 2021, the company announced its
intention to utilize a portion of the proceeds from its recent
offering of exchangeable senior notes to redeem all of the
company's outstanding Series E Preferred Stock.  Each share of
Series E Preferred Stock was redeemed at a redemption price equal
to the liquidation amount of $25.00 per share plus accrued and
unpaid dividends per share up to, but excluding, the Redemption
Date.  As a result of the completed redemption, the Series E
Preferred Stock is no longer outstanding nor listed as CDMOP on the
NASDAQ Stock Market.

                      About Avid Bioservices

Avid Bioservices -- http://www.avidbio.com-- is a dedicated
contract development and manufacturing organization (CDMO) focused
on development and CGMP manufacturing of biopharmaceutical drug
substances derived from mammalian cell culture.  The company
provides a comprehensive range of process development, CGMP
clinical and commercial manufacturing services for the
biotechnology and biopharmaceutical industries.  With over 28 years
of experience producing monoclonal antibodies and recombinant
proteins, Avid's services include CGMP clinical and commercial drug
substance manufacturing, bulk packaging, release and stability
testing and regulatory submissions support.  For early-stage
programs, the company provides a variety of process development
activities, including upstream and downstream development and
optimization, analytical methods development, testing and
characterization.  The scope of its services ranges from standalone
process development projects to full development and manufacturing
programs through commercialization.

Avid Bioservices reported a net loss of $10.47 million for the year
ended April 30, 2020, a net losses of $4.21 million for the year
ended April 30, 2019, and a net loss of $21.81 million for the year
ended April 30, 2018.  As of Jan. 31, 2021, the Company had $168.18
million in total assets, $82.81 million in total liabilities, and
$85.37 million in total stockholders' equity.


AYTU BIOPHARMA: May Issue 105,449 Shares Under Neos' Stock Plan
---------------------------------------------------------------
Aytu BioPharma, Inc. filed a Form S-8 registration statement with
the Securities and Exchange Commission to register 105,449 shares
of common stock issuable under Neos Therapeutics, Inc.'s 2015 Stock
Option and Incentive Plan.

On March 19, 2021, Aytu BioPharma, its wholly owned subsidiary
Neutron Acquisition Sub, Inc., and Neos Therapeutics, Inc.
completed their previously announced merger pursuant to their
Agreement and Plan of Merger dated Dec. 10, 2020.  Neos was the
surviving corporation of the merger and became a wholly owned
subsidiary of Aytu BioPharma.

Pursuant to the Merger Agreement, and pursuant to The Nasdaq Stock
Market Rule 5635, Aytu BioPharma is registering an aggregate of
105,449 shares of common stock of the company in connection with
the assumption by it at the effective time of the Merger
contemplated in the Merger Agreement of previously granted options
under the 2015 Stock Option and Incentive Plan.

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

https://www.sec.gov/Archives/edgar/data/1385818/000143774921009171/aytu20210401_s8.htm

                       About Aytu BioPharma

Englewood, Colorado-based Aytu BioPharma, Inc. formerly known as
Aytu BioScience, Inc. -- http://www.aytubio.com-- is a specialty
pharmaceutical company with a growing commercial portfolio of
prescription therapeutics and consumer health products.

Aytu Bioscience reported a net loss of $13.62 million for the year
ended June 30, 2020, compared to a net loss of $27.13 million for
the year ended June 30, 2019. As of Dec. 31, 2020, the Company had
$166.74 million in total assets, $54.05 million in total
liabilities, and $112.69 million in total stockholders' equity.


AZALEA TOPCO: S&P Alters Outlook to Negative, Affirms 'B' ICR
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating and
revised the outlook to negative from stable. S&P also affirmed its
'B' issue-level rating on its outstanding first-lien credit
facilities.

The negative outlook reflects limited capacity for underperformance
given Press Ganey's very high leverage and downside risk to its
base-case scenario for deleveraging in 2022, possibly due to
integration challenges or a slower recovery from COVID-19
pandemic-related pressures.

The rating reflects Press Ganey's very high adjusted leverage,
which constrains financial flexibility. A strong market position
and above average profitability, which support continued free cash
flow generation, only partially offsets this. S&P said, "Noncash
payment-in-kind preferred equity (which we treat as debt-like in
our credit measures and adds about 0.8x of leverage) also helps
cash flow. Following COVID-19 pandemic-related pressures on Press
Ganey's hospital customers, which contributed to a 7% revenue
decline in 2020, and exacerbated by an aggressive pace of
acquisitions in recent quarters, we expect leverage will remain
very high at about 9.5x-10x in 2021 and improving to about 9x in
2022. Additionally, we forecast free cash flow to debt will be
between 2% and 3% of debt over the next two years, but below that
of the last two years. We see limited downside cushion within the
'B' rating and elevated operational risk in integrating Press
Ganey's largest and latest acquisition."

S&P said, "We expect the acquisition will modestly improve the
company's dominant market position and diversity in niche health
care patient-experience survey data services. This acquisition
extends the reach of Press Ganey's services and increases
cross-selling opportunities for its ancillary services. We expect
Press Ganey can improve operational efficiency of the target and
achieve similar profitability and cash flow measures to that of its
core business within 2-3 years.

"We continue to view Press Ganey's proprietary database, containing
35 years of industry data, deep and long-standing relationships
with its client base, and strong market share as meaningful
competitive advantages. We believe the addition of payer data to
its database will further strengthen this advantage. Our assessment
of the company's business risk profile also reflects above-average
EBITDA margins, strong brand awareness, high client retention rates
(three-year average of 98.5%), good revenue visibility from
multiyear contracts, and a diverse customer base with no single
client representing more than 2.5% of total revenue. Additionally,
we continue to view Press Ganey as likely to benefit from an
increasing focus on value-based reimbursement in the health care
provider industry. Its data and analytics provide important
qualitative measurements of value.

"Our negative outlook reflects limited capacity for
underperformance given Press Ganey's very high leverage and
downside risk to our base-case scenario due to integration issues
or a slower recovery from pandemic-related pressures."

S&P could lower our rating on Press Ganey if it expects:

-- Leverage sustained above 10x; or

-- Free operating cash flow declining to below 1% of debt on a
sustained basis.

This is possible within the next 12 months amid unexpected
integration challenges, operational difficulties, or increased
competition that depresses EBITDA margins. Given S&P expects
leverage above 9.5x, there is limited capacity for debt-funded
acquisitions.

S&P could revise the outlook to stable if:

-- The company performs in line with our expectations of
mid-single-digit percentage pro forma revenue growth; and

-- Maintains EBITDA margins of about 38%-40%.



BARETT EVAN SCHERMAN: Buying Non-Exempt Assets From Plan Agent
--------------------------------------------------------------
John Van Curen, the Plan Agent of the postconfirmation chapter 11
estate of Barett Evan Scherman and Susan Averbach Scherman, asks
the U.S. Bankruptcy Court for the Northern District of California
to authorize the sale to Debtors of the non-exempt personal
property, consisting primarily of (a) a collection of glass
sculptures, other artwork and antique furniture for $50,000; and
(b) a 2003 SLK 32 AMG Mercedes automobile for $6,675.

The post-confirmation estate's primary asset is real property
located at 875 Francisco Street, in San Francisco, California
94109.  In the Debtors' amended Schedule C of Exemptions filed on
July 16, 2020, the Debtors claimed a $175,000 homestead exemption
in the Real Property.  Under the terms of the Modified Plan, the
Real Property will be sold by the Plan Agent, and proceeds will be
distributed to secured and administrative creditors, as well as
paid to the Debtors to the extent of the Homestead Exemption, with
the balance of proceeds to be distributed to other classes.

On Dec. 18, 2020, the Court entered an order approving the Plan
Agent's retention of Joel Goodrich of Coldwell Banker as his real
estate agent to assist with the marketing and sale of the Real
Property.  As of the date of the Motion, the Real Property is being
marketed for sale, but no sale agreement has yet been reached.  

The Modified Plan also provides for the liquidation of non-exempt
personal property of the estate by the Plan Agent.  All of the
Non-Exempt Assets are located at the Real Property.

The Plan Agent has solicited and reviewed bids for the sale of the
Artwork from several parties, including auctioneers.  Auctioneers
have collectively estimated that the Artwork may sell for a range
of approximately $12,135 to $29,300 gross, at auction, to be
conducted as an online auction only, due to the COVID-19 pandemic.
That gross price will be subject to reduction by associated
expenses such as the auctioneer's commission and reimbursement of
marketing, insurance, packing and other transportation costs for
the Artwork.  Given that the bulk of the Artwork is extremely
fragile Italian glass sculptures, the expenses associated with
packing and moving the pieces to the auctioneer's site for
photography and sale is likely to be significant, and would likely
further reduce the net proceeds realized by the Plan Agent on
behalf of the postconfirmation estate.

In addition, one of the auctioneers has offered to purchase the
Artwork outright, for an approximate price of $10,000.

With respect to the Vehicle, it is estimated by an auctioneer that
it would sell for between $6,000 and $7,500 gross at an auction,
less a commission and reimbursement of costs to the auctioneer.  If
sold through a private sale, the Plan Agent estimates that the
Vehicle may sell for approximately $10,000, based on online
information and the current mileage and condition of the Vehicle.

In the Debtors' Amended Schedule A/B: Property filed on July 16,
2020, the Debtors estimated the Artwork to have a value $50,000,
and the Vehicle to have a value of $10,000.  In their Amended
Schedule C: Exemptions, the Debtors claimed a $3,325 exemption for
the
Automobile.

Prior to the Petition Date, on April 21, 2020, the Debtors executed
a $30,000 Promissory Note (Secured) in favor of Martin Brotman.
Also on April 21, 2020, the Debtors and Brotman entered into a
Security Agreement, whereby the Debtors pledged the Artwork as
collateral to secure the Promissory Note.  On May 1, 2020, Brotman
filed a UCC-1 Financing Statement with respect to the Brotman
Secured Claim with the California Secretary of State.  

The Brotman Secured Claim is treated in Class F under the Modified
Plan.  Brotman's interest in the Promissory Note, the Security
Agreement, and the Secured Claim have been assigned to the Martin
Brotman and Farron C. Brotman Living Trust.

Under Part 1 of the Modified Plan, the Plan Agent will sell the
Artwork and pay the net proceeds to the Brotman Trust up to the
amount of the Class F secured claim, and will retain the balance of
the purchase price, if any, for the postconfirmation estate.  In
the event that the net proceeds are less than the Class F secured
claim, the Brotman Trust will be entitled to file an unsecured
claim for the deficiency.  

Under Part 7(j)(1) of the Modified Plan, the Plan Agent may sell
any non-exempt estate assets for the benefit of the
postconfirmation estate (including to the Debtors if determined by
the Plan Agent to be beneficial to the estate), provided that any
sale for a price greater than $10,000 will be subject to Court
approval on 10 days' notice to creditors.

In addition to soliciting bids from auctioneers, the Plan Agent
received an expression of interest from the Debtors in purchasing
all of the Non-Exempt Assets.  The Plan Agent and the Debtors,
through their new counsel, engaged in negotiations and agreed upon
such a purchase upon terms that have been memorialized in a
Purchase And Sale Agreement (Personal Property) dated as of April
2, 2021.

The material terms of the Agreement are:

      A. The effectiveness of the Agreement is conditioned upon the
entry of an order of the Court approving and authorizing the
Agreement.

      B. The purchase price of the Non-Exempt Assets is $56,675,
consisting of the following components: (a) $50,000 for purchase of
the Artwork; and (b) $6,675 for the purchase of the Automobile,
together with a waiver of any rights of exemption with respect to
the Automobile.

      C. In addition to Court approval, the purchase of the
Non-Exempt Assets is conditioned upon the following, each of which
may be waived and excused by the Plan Agent in his discretion:

            (i) The Debtors will have timely and safely removed and
stored the Artwork at the Debtors' own risk and expense, within 30
days' written notice from the Plan Agent instructing them to do so;


            (ii) The Debtors will have timely paid all rent
obligations, and maintained condition, servicing and insurance,
with respect to the Automobile.  In compensation for the use of the
Automobile pending its purchase, the Debtors will pay to the Plan
Agent on the date that the Agreement is fully executed the amount
of $350, and in addition will pay to the Plan Agent on the first
day of each calendar month thereafter the amount of $250, until
full payment of the Automobile Price is received by the Plan Agent
or this Agreement is terminated by the Plan Agent;

            (iii) The Automobile will have been removed from the
Real Property as of the date of payment of the Combined Price; and


            (iv) Payment of the Combined Price, by application
against the Homestead Exemption, will occur no later than July 31,
2021, or such later date as the Plan Agent will approve in his sole
and absolute discretion.

            (v) Payment of Purchase Price. The Combined Price will
be paid by credit against payment of the Homestead Exemption at the
close of escrow for the sale of the Real Property.

      D. In the event that the Debtors fail to timely remove and
store the Non-Exempt Assets, they will pay to the Plan Agent $100
per diem from the initial date of non-compliance until such removal
and storage is fully completed.

      E. The Debtors will have the right to purchase the Automobile
at the discounted price of $5,675, a $1,000 reduction of the
Automobile Price, by payment no later than May 2, 2021, or such
later date as the Plan Agent may approve.

      F. The Plan Agent makes no other representations of any kind,
implied or express, with respect to the status of the Non-Exempt
Assets, including without limitation any representations as to the
value, condition or authenticity of the Non-Exempt Assets.  The
Debtors acknowledge that they are purchasing the Non-Exempt Assets
solely on an "as-is, where-is basis."

The Debtors have paid $350 to the Plan Agent for use of the
Automobile through April 30, 2021, as provided by the Agreement.

The Plan Agent believes that the sale of the Non-Exempt Assets to
the Debtors is in the best interests of the post-confirmation
estate.  The Combined Price is substantially higher than all other
bids and estimates received by the Plan Agent, and will avoid
significant costs of sale such as commissions, shipping and storage
costs, insurance premiums, and marketing costs.  The sale will also
avoid the delay and uncertainties of an auction process.

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

Barett Evan Scherman and Susan Averbach Scherman sought Chapter 11
protection (Bankr. N.D. Calif. Case No. 20-30473) on June 12, 2020.
The Debtors taped Merle Meyers, Esq., as counsel.  The Combined
Plan Of Reorganization And Disclosure Statement (Sept. 30, 2020)
was confirmed on Nov. 25, 2020.  The Plan became effective as of
Dec. 10, 2020.  John Van Curen was appointed as the Plan Agent as
of the Effective Date.  



BAYTEX ENERGY: S&P Alters Outlook to Stable, Affirms 'B' ICR
------------------------------------------------------------
S&P Global Ratings revised its outlook on Calgary-based Baytex
Energy Corp. to stable from negative and affirmed its 'B' issuer
credit rating and 'B+' senior unsecured debt rating on the company.
The '2' recovery rating on the company's senior unsecured debt is
unchanged.

S&P said, "We expect improved cash flows and leverage metrics over
the next two years. We recently revised our oil and AECO price
assumptions. Based on the updated price assumptions, we expect
Baytex will generate meaningfully improved cash flow and leverage
metrics. Specifically, we expect its adjusted FFO-to-debt ratio
will improve above 20% in 2021 from about 13% in 2020, with further
modest improvement in 2022. These metrics compare favorably with
our previous estimates and underpin our outlook revision.

"Our estimates incorporate our view that Baytex will maintain
stable production and limit capital spending within internally
generated cash flows over the next couple of years. Although the
company's hedges limit the overall benefit of higher prices in
2021, they provide some downside protection in a weak pricing
environment."

"Baytex's capital spending discipline should support free cash flow
generation and deleveraging. We believe Baytex's capital spending
discipline and continued adherence to moderate financial policies
would support stable credit measures during our forecast period.
Based on our estimated annual capital spending of C$275
million-C$300 million, the company would be able to maintain daily
production in the mid-70,000 barrels of oil per day (boe/d) area in
2021-2022. At this level of production and at our price
assumptions, the company's total capital spending will be well
within internal cash flow generation and enable Baytex to generate
average annual positive free operating cash flows (FOCF) of about
C$200 million through 2022.

"We believe the company would direct the bulk of the free cash
flows toward debt reduction (through revolver repayments) and
deleverage over the next couple of years as it approaches the
US$400 million 2024 notes maturity.

"Our assessment of the business risk profile constrains the rating.
Our revised assessment of Baytex's business risk profile
incorporates the company's relatively high cost structure compared
with that of peers. Based on S&P Global Ratings-calculated
full-cycle costs, which include cash operating costs and three-year
average finding and development (F&D) costs, Baytex's estimated
breakeven costs are the highest compared with those of U.S. peers
with a similar product mix, production profile, and rating. S&P
Global Ratings-calculated production costs for the company exceed
those of its U.S. peers, largely due to its higher-cost Canadian
operations. With organic reserve replacement well below 100% in the
past three years (2018-2020), relative to somewhat high annual
capital spending, Baytex's drill-bit F&D costs are well above those
of the peer group. In addition, we believe the company's relatively
low reserve life (on a proved developed basis) and reduced
production (we estimate 2021-2022 annual production that is 22%-23%
below 2019 levels) constrain our business risk profile assessment
on Baytex."

Nevertheless, Baytex's largely light oil-focused product mix,
geographic diversification across five basins in Canada and the
U.S., and strong production economics at its U.S. operations (which
accounted for 40% of Baytex's 2020 daily average production) offset
S&P's unfavorable view of the aforementioned factors. In addition,
the company's spending focus on operations with the strongest
netbacks should ensure Baytex will generate more than sufficient
cash flows to fund its production and replacement spending
requirements from internal cash flow generation. The Eagle Ford and
Viking shales, which generate the strongest netbacks, are estimated
to account for about 60% of S&P Global Ratings' estimate of the
company's forecast production over the next few years.
S&P said, "The stable outlook reflects S&P Global Ratings'
expectation that Baytex's Canadian and U.S. upstream operations and
projected FFO generation will support the company's cash flow and
leverage metrics at levels appropriate for the 'B' rating. We
estimate the company will generate adjusted FFO-to-debt ratio in
the low-20% area with continued expectations of positive free cash
flows."

S&P could lower the rating under the following scenarios:

-- Baytex's financial performance and liquidity weakened relative
to our current expectations, including two-year average adjusted
FFO to debt well below 20% on a sustained basis and negative FOCF;
and

-- S&P expected the company's reserves profile to weaken with a
further decline in proved developed producing reserves.

S&P could raise the rating, if:

-- Baytex was able to increase revenues and cash flows, such that
its two-year average adjusted FFO-to-debt ratio strengthened above
30%;

-- The company demonstrated use of positive free operating cash
flows for debt reduction; and

-- Simultaneously, S&P also expected the company to improve its
reserve life and proved developed producing reserves.



BCP RAPTOR: S&P Alters Outlook to Positive, Affirms 'B-' ICR
------------------------------------------------------------
S&P Global Ratings affirmed its issuer credit rating and
issue-level ratings on BCP Raptor II LLC at 'B-' and revised the
outlook to positive from negative.

S&P said, "Our '3' recovery rating on the company's debt remains
unchanged, indicating our expectation for meaningful (50%-70%;
rounded estimate: 60%) recovery in the event of a payment default.

"The positive outlook reflects our expectation that BCP will
generate $40 million-$55 million of free cash flow in 2021, which
it will use to reduce its adjusted debt to EBITDA ratio to the
5.25x-5.75x range over the next 12 months."

Like several of its midstream peers operating in the Permian Basin,
BCP faced challenging market conditions throughout 2020. Despite
these challenges, the company was able to expand its gathered
natural gas volumes by 7% year over year and produced $9 million of
free cash flow in the second half of 2020.

S&P said, "We forecast BCP's 2021 natural gas gathered exit volumes
will be in the 265 million cubic feet per day (MMcf/d)–290 MMcf/d
range and anticipate its crude and water volumes could each rise by
between 10% and 20% during the year. Despite the constructive
volume growth, BCP continues to lack scale in comparison to its
Permian gathering and processing peers. The company's 2021 capital
spending, which we forecast will be in $20 million-$25 million
range, is very manageable and will not detract from its
deleveraging. BCP's customer base currently includes 12 customers
with a weighted average contract term of 12.9 years, which leads us
to expect that it will derive approximately 66% of its 2021 gross
profit from fixed-fee contracts and 1% from minimum volume
commitment (MVC) contracts. This level of direct-commodity price
exposure is greater than its peers and makes the company
susceptible to swings in commodity prices and the drilling activity
of its customers. That said, management has been proactive by
setting internal controls and processes to mitigate the direct
commodity price risk, with nearly 45% of total 2021 exposure either
realized or hedged. The company's association with affiliate
EagleClaw Midstream Ventures LLC (ECMV) continues to be highly
supportive of its performance by providing flow assurance,
redundancy and reliability to both sets of customers. That said, we
believe the company has less customer diversity with weaker
counterparties than its peers."

BCP is concentrated in one basin and has a relatively smaller asset
footprint than its peers. Specifically, the company owns and
operates approximately 415 miles of pipeline infrastructure, 520
MMcf/d of natural gas processing capacity, 60,000 barrels per day
(MBbl/d) of crude storage, and 510 MBbl/d of produced water
disposal capacity. BCP also has about 225,000 dedicated acres. In
our view, BCP continues to offer its customers superior downstream
connectivity through the Permian Highway Pipeline relative to the
connectivity offered by its peers. S&P believes management is not
only focused on expanding the company's gathering and processing
capabilities but also building a fully integrated midstream entity
from the well-head to its end markets.

S&P said, "We estimate BCP's adjusted EBITDA will be in the $100
million-$125 million range in 2021, which leads us to forecast free
cash flow generation in the $40 million-$55 million range. We do
not anticipate the company will require any equity contributions
from its sponsor over our forecast, thus we expect it to achieve
debt to EBITDA in the 5.25x-5.75x range over the next 12 months.

"Our positive outlook on BCP highlights the increased volume
throughput of its system coupled with our expectation for
substantial excess free cash flow generation over the next 12
months, which will facilitate near-term deleveraging. Specifically,
we forecast the company will achieve adjusted debt to EBITDA in the
5.25x-5.75x range in 2021.

"We could raise our rating on BCP if the company continues to
increase its throughput volumes, while generating positive free
cash flow and sustaining its adjusted leverage below 6x.

"We could revise the outlook to stable if we expect BCP to remain
between 6x-6.5x. This could happen if throughput volumes remain
flat, or if the company incurred significant debt-financed capital
expenditures."



BILLINGS LODGE: Acting U.S. Trustee Objects to Disclosure Statement
-------------------------------------------------------------------
The Acting United States Trustee for Region 18, Gregory M. Garvin,
opposed the Disclosure Statement accompanying the Chapter 11 Plan
filed by Billings Lodge, No. 394, Benevolent And Protective Order
Of Elks Of United States Of America, Inc.

The Acting U.S. Trustee complained that:

   * the Disclosure Statement does not contain adequate information
because it does not clearly provide for or discuss the statutory
quarterly fees that must be paid in connection with the Debtor's
bankruptcy and the Debtor's performance of the proposed Plan.

   * the Disclosure Statement and Plan should discuss the expected
fees in connection with a contemplated sale of real property and
disbursements in greater detail.  

Brett R. Cahoon, counsel for the Acting U.S. Trustee, said the
contemplated sale of real property and disbursements will trigger
substantial statutory quarterly fees.  This information, he said,
is relevant and important for creditors to properly analyze how
much money they might be paid under the proposed Plan and how they
will vote.

   * Section 3.01 of the Plan references "US Trustee's fees" in
discussing administrative expenses.  

Mr. Cahoon described Section 3.01 of the Plan as explaining that
503(b) claims that are given priority under 507(a) will be paid in
full on or before the Effective Date of the Plan.  It then states,
he added, that [n]o Administrative Expenses except US Trustee's
fees, taxes, and closing costs for the Real Property will be paid
without prior Court approval.  The statutory quarterly fees don't
fit into the Section 503(b) category of claims so that the Plan and
Disclosure Statement should have separate provisions or language
regarding the payment of statutory quarterly fees, Mr. Cahoon
asserted.

A copy of the objection is available for free at
https://bit.ly/3nifIa8 from PacerMonitor.com.

                    About Billings Lodge No. 394

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

Billings Lodge filed a voluntary Chapter 11 bankruptcy petition
(Bankr. D. Mont. Case No. 20-10110) on June 5, 2020.  The petition
was signed by Jeffery R. Isom, exalted ruler.

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

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


BL RESTAURANTS: Court Confirms Chapter 11 Liquidation Plan
----------------------------------------------------------
Law360 reports that bankrupt gastropub chain Bar Louie cleared a
final wind-up hurdle for remnants of its former 134-site business,
securing plan confirmation in Delaware for a Chapter 11 liquidation
of its remaining assets.

U.S. Bankruptcy Judge Mary F. Walrath approved the debtor's Chapter
11 plan on Wednesday, April 21, 2021, a little more than a year
after the sale of most of the business to a top creditor and
stalking horse bidder following efforts to market the company that
failed to attract any other interested parties. The stalking horse,
a group led by Antares Capital LP, offered to give up a combined
$82.5 million.

                          About Bar Louie

Founded in 1991, BL Restaurants Holding, LLC operates Bar Louie
gastrobars at various locations including lifestyle centers,
traditional shopping malls, event locations, central business
districts and other stand-alone specialty sites.

With more than 90 gastrobars across the United States, Bar Louie --
http://www.barlouie.com/-- serves up shareable, chef-inspired grub
with craft cocktails, martinis, beer and wine in an always-social
space. Known for its handcrafted drinks, as well as its lineup of
local and regional beers which range from 20 to 40 taps depending
on the size of each location, Bar Louie caters to local tastes and
satisfies cravings from daytime until last call.

BL Restaurants and three affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-10156) on
Jan. 27, 2020.  At the time of the filing, the Debtors estimated
assets of between $50 million and $100 million and liabilities of
between $100 million and $500 million.  The petitions were signed
by Howard Meitiner, CRO.

The Debtors tapped Klehr Harrison Harvey Branzurg LLP as legal
counsel; Configure Partners LLC as investment banker; Carl Marks
Advisory Group LLC as restructuring advisor; and Epiq Bankruptcy
Solutions Inc as notice and claims agent.


BOY SCOUTS OF AMERICA: Claimants Say Disclosures Insufficient
-------------------------------------------------------------
Claimant Nos. SA-51322, SA-51309, SA-51344, SA-51360, SA-51330,
SA-51361, and SA-51326 object to the sufficiency and adequacy of
the Disclosure Statement for the Amended Chapter 11 Plan of
Reorganization for the Boy Scouts of America and Delaware BSA,
LLC.

The Claimants point out that 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 it seeks to retain.

The Claimants object to the adequacy of the Disclosure Statement
and the accompanying solicitation procedures because they fail to
notify 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.

The Claimants contend 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.

The Claimants assert that the Disclosure Statement fails to explain
how the proceeds of any insurance policies assigned to the trust
will be utilized.

The Claimants further assert that the Disclosure Statement fails to
specify what contribution the local council and/or charter
organizations will have to make to receive a release, including a
contribution above and beyond their rights under insurance
policies.

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

A full-text copy of the Claimants' objection dated April 20, 2021,
is available at https://bit.ly/3aBtT4G from Omniagentsolutions, the
claims agent.

Attorney for Claimants:

     BERMAN LAW FIRM
     MICHAEL J. BERMAN
     Suite 503, Bank of Guam Bldg.
     111 W. Chalan Santo Papa
     Hagatna, Guam 96910

                    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.


BRICK HOUSE: Seeks July 19 Solicitation Exclusivity Extension
-------------------------------------------------------------
Debtor Brick House Properties, LLC requests the U.S. Bankruptcy
Court for the District of Utah, Central Division to extend the
exclusive periods during which the Debtor may solicit acceptances
until July 19, 2021.

On December 22, 2020, the Court conducted a preliminary hearing on
the Debtor's motion to reject a real estate purchase contract with
Vesna Capital, LLC. A final evidentiary hearing on the Rejection
Motion is scheduled for April 23, 2021.

Cause exists for the 90-day extension request of the Solicitation
Period:

(a) A key component of Debtor's Plan is the resolution of the
Rejection Motion, which is currently pending an evidentiary
hearing, and will have a significant impact on the future direction
of this case;
(b) The Debtor's case is somewhat complex, especially considering
the manifold disputes with Vesna Capital;
(d) The Debtor has made significant progress in resolving issues
facing its estate, as the Court is aware through the hearing
conducted in this matter and the pleadings on file; and
(e) Confirmation of such a plan will allow the Debtor to preserve
its value as an ongoing concern, which can only benefit the
Debtor's creditors.

In summary, the requested extension of the Solicitation Period will
facilitate the Debtor's efforts to maximize the value of its estate
by providing the Debtor with a full and fair opportunity to seek
acceptances of the Plan.

The Debtor submits that the extension requested herein will
increase the likelihood of a greater distribution to creditors than
would be possible if the Debtor was required to seek confirmation
without additional time to finalize acceptance of the Plan with key
creditors. Also, it is an exercise of prudent business judgment and
an attempt to have adequate time to resolve disputes with Vesna
Capital.

If granted, the extension of the Solicitation Period will be
without prejudice to:
(i) the right of the Debtor to seek further extensions of the
Exclusive Periods; or
(ii) the right of any party in interest to seek to reduce the
Solicitation Period for the cause.

A copy of the Debtor's Motion to extend is available at
https://bit.ly/3v8Asni from PacerMonitor.com.

                      About Brick House Properties, LLC

Brick House Properties, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Utah Case No. 20-26250) on Oct. 21, 2020, estimating
under $1 million in both assets and liabilities.

Brick House Properties owns two parcels of real property in
Riverton, Utah. It leases portions of the property to four related
persons and entities: (i) Our Journey School LLC (the
"Pre-Elementary School"); (ii) Our Journey, Inc. (the "Elementary
School"); (iii) Hidden Valais Ranch LLC (the "Farm"); and (iv)
Emily and Josh Aune.

Emily Aune is the sole member of the Debtor and is also the sole
member and owner of the Farm. She is a 90% owner in the
Pre-Elementary School. The Elementary School is a 501(3)(c)
non-profit and is managed by a board of which Emily and Josh are
members.

Judge Kevin Anderson oversees the case. The Debtor is represented
by Cohne Kinghorn, P.C. as counsel.


BRIDGEMARK CORP: Seeks to Hire Brown Armstrong as Accountant
------------------------------------------------------------
Bridgemark Corporation filed a supplemental application seeking
approval from the U.S. Bankruptcy Court for the Central District of
California to expand the services of its accountant, Brown
Armstrong Accountancy Corporation.

The Debtor needs additional services from the firm in connection
with its court-approved settlement agreement with a major equity
holder and Placentia Development Company, LLC, and the sale of its
non-cash assets to California Natural Resources Group Orange
County, LLC and two other buyers.  These services include tax
analysis and advice and the preparation of documents necessary to
assist the chief officer overseeing the Debtor's wind-down and the
liquidation trustee who will be appointed following confirmation of
the Debtor's Chapter 11 plan of liquidation.

Brown Armstrong charges $350 per hour for partners and $200 for
managers.  The rates charged by the firm's paraprofessionals range
from $90 to $140 per hour.

As is customary, the Debtor will pay Brown Armstrong a flat fee of
$15,000 to prepare tax documents and filings.

The firm can be reached through:

     Ryan L. Nielsen, CPA
     Brown Armstrong CPA
     4200 Truxtun Ave, Suite 300
     Bakersfield, CA 93309
     Tel: 661-324-4971
     Toll Free: 888-565-1040
     Fax: 661-324-4997
     Email: rnielsen@bacpas.com

                   About Bridgemark Corporation

Bridgemark Corporation, an oil and gas exploration and production
company, filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
20-10143) on Jan. 14, 2020.  At the time of the filing, the Debtor
disclosed assets of between $10 million and $50 million and
liabilities of the same range.  Robert Hall, president and chief
executive officer, signed the petition.

Judge Theodor Albert oversees the case.

The Debtor hired Pachulski Stang Ziehl & Jones LLP as bankruptcy
counsel; Locke Lord LLP, Greines Martin Stein & Richland LLP, and
McGee & Associates as special counsel; GlassRatner Advisory &
Capital Group LLC as financial advisor; and Brown Armstrong
Accountancy Corporation as accountant.


CARE NEW ENGLAND, RI: S&P Alters Outlook to Dev., Affirms 'B+' ICR
------------------------------------------------------------------
S&P Global Ratings revised its outlook to developing from negative
and affirmed its 'B+' rating on Rhode Island Health and Educational
Building Corp.'s bonds issued for Care New England (CNE).

"The outlook revision reflects upside potential to the rating
should the Feb. 23, definitive agreement to merge with 'BBB+' rated
Lifespan be consummated," said S&P Global Ratings credit analyst
Cynthia Keller. "Without this merger we believe CNE's financial
performance and trends will continue to be pressured and could
result in a lower rating over time."



CAUSE TECH: Files Emergency Bid to Use Cash Collateral
------------------------------------------------------
Cause Tech LLC asks the U.S. Bankruptcy Court for the Southern
District of Florida, West Palm Beach Division, for entry of an
order deeming that no cash collateral interest exists, or in the
alternative, authorizing the Debtor's use of cash collateral.

The Debtor requires the use of cash collateral for its on-going
business operations.

On June 21, 2016, Wells Fargo loaned $473,600 to co-borrowers Big
Couch Media Group, LLC and Big Couch Holdings, LLC. The current
balance of the loan is approximately $317,000.

In connection with the Note, Wells Fargo obtained a Commercial
Security Agreement, granted by Big Couch Media Group, LLC, and
executed by Big Couch Media Group, LLC and Big Couch Holdings,
LLC.

The Security Agreement provides Wells Fargo with a blanket lien on
all assets of Big Couch Media Group, LLC. It does not contain any
language purporting to grant Wells Fargo a lien on the assets of
Big Couch Holdings, LLC.

The Debtor asserts that no other Security Agreement exists and that
it has never pledged its assets as collateral to Wells Fargo.

Florida's secured transaction registry does not contain any
recorded UCC-1 filed for Big Couch Holdings, LLC or for Cause Tech,
LLC.

Accordingly, the Debtor is unaware of any creditor with a perfected
lien interest in the Debtor's cash or bank account under Article 9
of the Uniform Commercial Code, as adopted by the Florida
Statutes.

As adequate protection, the Debtor proposes to provide Wells Fargo
with replacement liens consistent with the extent, priority, and
validity of such interests as were held on the petition date.

The motion does not seek to bind the estate with respect to the
validity, perfection or amount of Wells Fargo's pre-petition liens,
claims or debts or the waiver of claims against Wells Fargo without
first giving parties in interest at least 75 days from the entry of
the order and the creditors' committee, if formed, at least 60 days
from the fate of its formation to investigate such matters, and if
different than these time frames, the period of time after which
any challenge is barred.

A copy of the motion is available for free at
https://bit.ly/3nb8k0a from PacerMonitor.com.

                   About Cause Tech LLC

Cause Tech, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 21-13201) on April 1,
2021.  At the time of filing, the Debtor had estimated assets of
between $100,001 and $500,000 and liabilities of between $500,001
and $1 million.

The Debtor is represented by the Law Offices of Malinda L. Hayes.

Wells Fargo Bank, N.A., as lender is represented by Dana L.
Kaplan.



CES ENERGY: S&P Alters Outlook to Stable, Affirms 'B' ICR
---------------------------------------------------------
S&P Global Ratings revised its outlook on CES Energy Solutions
Corp. to stable from negative and affirmed its 'B' issuer credit
rating. At the same time, S&P affirmed its 'B' issue-level rating
and '4' recovery rating on the company's senior unsecured notes.

The stable outlook reflects its view that CES will maintain
adjusted FFO to debt above 20% over our forecast period.

S&P said, "We expect CES to generate improved credit measures
despite the muted drilling activity outlook. While we anticipate
ongoing capital discipline from exploration and production
companies to moderate the pace of demand recovery for the North
American onshore oilfield services sector, we project CES will
generate adjusted FFO to debt averaging close to 30% over the next
two years. The improvement in credit measures is led by modest
growth in revenues (fueled by price increases implemented by larger
peers) as well as an increase in market share, both in Canada and
the U.S. At the same time, we expect management will use excess
cash to pay down debt and accordingly are now netting cash from our
adjusted debt metrics. Management has publicly stated that it
intends to allocate accumulated surplus cash to debt reduction,
refinancing the upcoming 2024 debt maturity with a smaller issue
size. Based on the above factors, we project adjusted FFO to debt
to improve from 15% in 2020 to 25% in 2021, with further
improvement expected in 2022."

CES' ability to lower costs and maintain a healthy liquidity
position support S&P's rating. Prompt cost reductions during 2020
and the company's countercyclical business model enabled CES to
offset the potential adverse effects of falling revenues and
generate meaningful positive free operating cash flow. The strong
free cash flow generation enabled the company to repay the credit
facility and exit 2020 with full availability under the C$235
million facility due September 2022. S&P said, "We expect the
company will generate positive free cash flows over our forecast
period, although at modest levels due to working capital buildup on
the expectation of rising activity. We believe the healthy
liquidity position and free cash flow generation will facilitate
net debt reduction during our 2021-2022 forecast period. At the
same time, CES does not face any near-term refinancing risk with
the C$290 million of unsecured notes due October 2024. To date, we
view the company's recent open market bond repurchases as
opportunistic, given the nominal amounts of debt repurchased. We
expect CES could continue repurchasing debt in the open market,
which would help it achieve its debt reduction target.

"CES' limited scale of operations and product diversity relative to
those of higher-rated peers continue to constrain the company's
credit profile and our rating. CES has a leading market share in
the Canadian drilling fluids market and it has broadened the scope
of its U.S. operations with modest market share gains in the past
few years, having a large presence in the Permian basin. Still, we
consider the company's geographic and operating diversity fairly
narrow compared with that of higher-rated midsize oilfield service
providers, because CES' product offering is limited to drilling
fluids and production and specialty chemicals. Although its
proportion of production chemicals is expected to improve, the
company will continue to have meaningful exposure to the highly
cyclical drilling fluids segment. Accordingly, our ratings continue
to reflect amplified volatility in the company's EBITDA during
cyclical swings, as demonstrated by the steep decline in EBITDA
generation in 2020; adjusted EBITDA declined by 50% from 2019
levels. We expect CES' cost reduction initiative undertaken during
2020 will support margin stability in the forecast period, but we
expect margin improvement to be limited, given persistent pricing
pressure for the company's product and services. We estimate
adjusted EBITDA margins of 11%-11.5% over our forecast period and
assess the company's profitability in the midrange of our North
American peer group.

"The stable outlook reflects our view that CES will generate
sufficient cash flows over our forecast period to maintain its
fully adjusted, two-year average FFO-to-debt ratio above 20%. We
believe the company's countercyclical working capital model and
ability to temper its cost structure will enable CES to maintain
credit measures within our current rating threshold. The outlook
also reflects our expectation that management will use excess cash
toward debt reduction.

"We could lower our ratings over the next 12 months if CES' cash
flow generation materially underperforms our expectations, leading
to adjusted FFO to debt declining below 20% on a sustained basis
and liquidity weakening. This could occur if the rebound in
industry activity and demand for oilfield services are prolonged,
leading to cash flow generation below our expectations.

"We believe an upgrade is unlikely given CES' limited scale and
narrow scope of operations compared with those of higher-rated
peers. Accordingly, an upgrade would be contingent on broader
operational and geographic diversification, while maintaining
adjusted FFO to debt at the higher end of the 20%-30% range."



CHILDREN FIRST: Disclosure Hearing Continued to Oct. 21
-------------------------------------------------------
Judge Robert A. Mark continued to Oct. 21, 2021, at 2 p.m., the
hearing to approve the Disclosure Statement and to confirm the Plan
of Children First Consultants, Inc.  The confirmation hearing will
be held at C. Clyde Atkins U.S. Courthouse, 301 N. Miami Avenue,
Courtroom 4 (RAM), in Miami, Florida.

Accordingly, the adjusted relevant deadlines are as follows:

   * Sept. 23, 2021 - Deadline for serving the Disclosure
Statement, Plan and ballot.

   * Oct. 7, 2021 - Claims objection deadline

   * Sept. 30, 2021 - Deadline for fees application

   * Oct. 12, 2021 - Deadline for filing ballots accepting or
rejecting the Plan

   * Oct. 18, 2021 - Deadline for (i) objections to confirmation of
the Plan, (ii) objections to approval of the Disclosure Statement,
and (iii) for filing proponent's report and confirmation affidavit
by the Plan proponent.

Counsel for the Debtor:

    Nicole Grimal Helmstetter, Esq.
    Agentis PLLC
    55 Alhambra Plaza, Suite 800
    Coral Gables, FL 33134
    Telephone: 305.722.2002
    Email: ngh@agentislaw.com
    Website: www.agentislaw.com

                  About Children First Consultants

Children First Consultants Inc., a mental health services provider
in Miami, Fla., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-25286) on Nov. 13,
2019.  At the time of the filing, Debtor was estimated to have
assets of between $1 million and $10 million and liabilities of the
same range.

The case is assigned to Judge Robert A. Mark.

The Debtor tapped Agentis PLLC as its bankruptcy counsel, and
Christopher M. David and Fuerst Ittleman David & Joseph as its
special litigation counsel.


CORUS ENTERTAINMENT: S&P Rates C$300MM Senior Unsecured Notes 'BB'
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '3'
recovery rating to Corus Entertainment Inc.'s proposed C$300
million senior unsecured notes due in 2028. The '3' recovery rating
reflects its expectation of average (50%-70%; rounded estimate:
50%) recovery in a default scenario.

S&P said, "We expect the company to use most of the proceeds to
repay senior secured debt and hence view the transaction to be
leverage neutral. Due to lower levels of senior secured claims in
the recovery waterfall, we assess the recovery prospects for the
senior secured debtholders to improve to 95% from 85%. As a result,
today we also upgraded the company's current senior secured debt
facility to 'BBB-' from 'BB+' and revised the recovery rating to
'1' from '2'. In case Corus upsizes the proposed senior unsecured
notes, the 'BB' issue-level rating and '3' recovery rating will be
unaffected but recovery prospects could marginally improve to
reflect lower secured debt."

At the same time, the company is in negotiations to extend the
maturity of its senior secured term loan and revolving credit
facility to 2025, pushing most debt maturities four years out or
beyond. With the company's focus on its growth strategy, we expect
Corus' increased investment in new content creation to drive
content licensing revenue opportunities, continued success with the
company's streaming strategy through various platforms (including
StackTV and Nick+ on Amazon Prime Video Channels Canada and the
GlobalTV app), and increased use of digitized data-driven
advertising technology (including audience segment selling
initiatives and automated buying platform Cynch) could support its
low-to-mid single-digit percentage area topline growth over the
next 12 months. Partially offsetting the revenue growth could be
modest programming cost increases over the next few quarters,
thereby leading to low-single-digit EBITDA (S&P Global Ratings'
adjusted) growth in fiscal 2021 compared with fiscal 2020. As a
result, S&P expects Corus to generate about C$480 million of EBITDA
in fiscal 2021.

S&P said, "Furthermore, we project Corus will generate about C$230
million-C$240 million of free operating cash flow (FOCF) in fiscal
2021, driven by its steady EBITDA performance and asset-light
business model. We expect about 45%-50% of FOCF could be
distributed to shareholders in the form of cash dividends and
discretionary share buybacks. The remaining portion of the FOCF
after shareholder remuneration will be directed toward debt
reduction. As a result, with a combination of modest EBITDA growth
and potential debt repayment, we project the company's debt to
EBITDA (S&P Global Ratings' adjusted) will be about 3x over the
next 12 months, which is commensurate with the current 'BB' issuer
credit rating and stable outlook."

ISSUE RATINGS—RECOVERY ANALYSIS

Key analytical factors

-- S&P's simulated default scenario incorporates the assumption
that Corus will default in 2026, following significantly weakened
operations resulting from a prolonged economic downturn, intense
competition, fewer subscribers, and a lack of audience appeal.

-- S&P's default-year minimum capital expenditure (capex) is
approximately 1.5% of the revenue compared with the 2.0% default
assumption in our recovery criteria, reflecting the company's low
maintenance capex.

-- S&P's emergence EBITDA corresponds to Corus' estimated fixed
charges in 2026.

-- S&P values the company on a going-concern basis, using a 6.5x
multiple of its projected emergence EBITDA of about C$211 million,
based on its leading market position as the second-largest media
company in Canada.

-- S&P has used an operational adjustment of 20% reflecting the
company's high levels of debt on the path to default

-- In S&P hypothetical default scenario, we estimate that the
senior secured lenders can expect very high (90%-100%; rounded
estimate: 95%) recovery in its distressed scenario, which
corresponds to a '1' recovery rating and a 'BBB-' issue-level
rating.

-- The remaining value of about C$164 million after servicing the
senior secured claims will be available to the senior unsecured
noteholders, thereby leading to meaningful (50%-70%; rounded
estimate: 50%) recovery in the event of default and an issue-level
rating of 'BB'.

Simulated default assumptions

-- Simulated year of default: 2026
-- EBITDA at emergence: about C$211 million
-- EBITDA multiple: 6.5x

Simplified waterfall

-- Gross recovery value: about C$1.36 billion

-- Net enterprise value (after 5% administrative costs): about
C$1.3 billion

-- Estimated priority claims: None

-- Remaining recovery value: about C$1.3 billion

-- Estimated senior secured term loan claims: about C$1.14
billion

-- Value available for senior secured term loan lenders: C$1.3
billion

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

-- Estimated senior unsecured claims: about C$306 million

-- Value available for unsecured claim: about C$164 million

   --Recovery range: 50%-70% (rounded estimate:50%)

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

Ratings List

NEW RATING

Corus Entertainment Inc.
  Senior Unsecured
  CAD300 mil sr nts due 2028   BB
   Recovery Rating        3(50%)

ISSUE-LEVEL RATINGS RAISED; RECOVERY RATINGS REVISED
                  TO     FROM
Corus Entertainment Inc.
  Senior Secured         BBB-     BB+
  Recovery Rating       1(95%)    2(85%)



CREATD INC: Incurs $24.2 Million Net Loss in 2020
-------------------------------------------------
Creatd, Inc. filed with the Securities and Exchange Commission its
Annual Report on Form 10-K disclosing a net loss of $24.21 million
on $1.21 million of net revenue for the year ended Dec. 31, 2020,
compared to a net loss of $8.04 million on $453,006 of net revenue
for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $10.78 million in total
assets, $5.34 million in total liabilities, and $5.45 million in
stockholders' equity.

Somerset, New Jersey-based Rosenberg Rich Baker Berman, P.A., the
Company's auditor since 2018, issued a "going concern"
qualification in its report dated March 30, 2021, citing that the
Company had a significant accumulated deficit, and has incurred
significant net losses and negative operating cash flows.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern for a period of one year from the
issuance of the financial statements.

                       Management's Comments

"Creatd was founded with a few core principles in mind: to build an
organization that is scalable and sustainable, one that leverages
rapidly evolving technology, and capitalizes on it," commented
Jeremy Frommer, Creatd's founder and CEO.  "Equally as important,
the Company must be competitive and defensible while actively
engaged in forging synergistic relationships among its
co-opetition. Where companies overlap on the Venn diagram of
interests and business models, that is where co-opetition, or
cooperative competition, occurs.  In the technology space in
particular, platforms can gain a unique edge by embracing a degree
of co-opetition, aligning resources with industry peers to expand
one another's strengths, mitigate mutual weaknesses, and ultimately
create a more valuable product, as well as a more compelling
experience for all end users."

Frommer continued, "Co-opetition is a more than 100 year-old
business strategy and has always been an important avenue for
Creatd's growth.  Our foresight in applying these foundational
principles of partnership over the years has worked to enhance our
company's ability to efficiently adapt to and thrive in the digital
space, even in the face of the extreme external circumstances we
faced this year."

"2020 was, more than anything, a positioning year for the Company.
We right-sized our balance sheet and executed on our creator-first
business model, as well as expanded and improved our technology
footprint.  We attracted a marquee board of directors and the most
capable executive management team I have put together in my 30+
year career.  Our 2020 results demonstrate that we are optimally
situated to capture the opportunities that exist within the creator
marketplace.  With the visibility and validation afforded by our
up-listing to the Nasdaq, we can now confidently focus on building
profitable revenue growth."

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

https://www.sec.gov/Archives/edgar/data/1357671/000121390021018972/f10k2020_creatdinc.htm

                           About Creatd, Inc.

Headquartered in Fort Lee, NJ, Creatd, Inc. -- https://creatd.com
--is the parent company behind Vocal Ventures, Creatd Partners, and
Recreatd, empowers creators, brands, and entrepreneurs through
technology and partnership.  Its flagship product, Vocal, is a
best-in-class creator platform.


CRESTWOOD HOSPITALITY: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: Crestwood Hospitality LLC
           DBA Holiday Inn Express & Suites Tucson Mall
        620 E. Wetmore Road
        Tucson, AZ 85705

Business Description: Crestwood Hospitality LLC operates in the
                      hotels and motels industry.

Chapter 11 Petition Date: April 23, 2021

Court: United States Bankruptcy Court
       District of Arizona

Case No.: 21-03091

Judge: Hon. Brenda Moody Whinery

Debtor's Counsel: Randy Nussbaum, Esq.
                  SACKS TIERNEY P.A.
                  4250 N Drinkwater Blvd.
                  4th Floor
                  Scottsdale, AZ 85251-3693
                  Tel: 480-425-2600
                  E-mail: Randy.Nussbaum@SacksTierney.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Sukhbinder Khangura, member and vice
president.

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/NCMEILY/CRESTWOOD_HOSPITALITY_LLC__azbke-21-03091__0001.0.pdf?mcid=tGE4TAMA


CYCLE FORCE: Case Summary & 12 Unsecured Creditors
--------------------------------------------------
Debtor: Cycle Force Group, LLC
           DBA North America Cycles
           DBA CFG Promos
           DBA DropShipDirect
           FDBA Cycle Source
           DBA N2 Logistics
           DBA Iowa Cycling Factory
           DBA In Gear Outfitters
           DBA Bikeaid
           DBA Force Graphics
           DBA Bicycle Surplus
        2105 SE 5th St.
        Ames, IA 50010

Business Description: Cycle Force Group, LLC --
                      https://www.cyclefg.com -- is a centrally
                      located importer of bicycles, parts and
                      accessories serving all facets of the
                      cycling industry including independent
                      retailers, mass retailers, sporting good
                      retailers, e-commerce retailers, premium and
                      incentive distributors and jobbers and OEM
                      customers worldwide.

Chapter 11 Petition Date: April 22, 2021

Court: United States Bankruptcy Court
       Southern District of Iowa

Case No.: 21-00571

Debtor's Counsel: Krystal R. Mikkilineni, Esq.
                  Jeffrey D. Goetz, Esq.
                  BRADSHAW, FOWLER, PROCTOR & FAIRGRAVE PC
                  801 Grand Avenue, Suite 3700
                  Des Moines, IA 50309-8004
                  Tel: 515-246-5880
                  Fax: 515-246-5808
                  Email: mikkilineni.krystal@bradshawlaw.com
                         goetz.jeffrey@bradshawlaw.com

Debtor's
Financial
Advisor:          CR3

Debtor's
Free Trade
Zone Counsel:     MILLER & CO

Total Assets: $9,795,675

Total Liabilities: $8,516,707

The petition was signed by Nyle Nims, president/CEO.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 12 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/Q3ZEYSI/Cycle_Force_Group_LLC__iasbke-21-00571__0001.0.pdf?mcid=tGE4TAMA


DEMETRIOS ESTIATORIO: Wins Cash Collateral Access Thru May 13
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Jacksonville Division, has authorized Demetrios Estiatorio, LLC to
use cash collateral on an interim basis through May 13, 2021.

The Debtor is authorized to pay: (a) amounts expressly authorized
by the Court, including payments to the United States Trustee for
quarterly fees; (b) the current and necessary expenses set forth in
the budget, plus an amount not to exceed 10% for each line item;
and (c) additional amounts as may be expressly approved in writing
by UCC Lenders as Secured Creditor.

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

The Debtor is also directed to maintain  insurance coverage for its
property in accordance with the obligations under the loan and
security documents with the Secured Creditor.

A final hearing on the matter is scheduled for May 13 at 2:30 p.m.

A copy of the order and the Debtor's budget is available for free
at https://bit.ly/3xd9RHz from PacerMonitor.com.

The Debtor projects $41,925 in total sales and $27,131 in total
expenses.

                 About Demetrios Estiatorio, LLC

The Demetrios Estiatorio, LLC filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla.
Case No. 20-03677) on Dec. 30, 2020.  Sophia Tratsas, manager,
signed the petition.

At the time of filing, the Debtor had estimated assets of less than
$50,000 and liabilities of between $100,001 and $500,000.  

Judge Roberta A. Colton oversees the case.

The Debtor tapped Jason A. Burgess, Esq., as its legal counsel and
Carolyn Hall of Hall Accounting & Tax Services, LLC as its
accountant.



DIMAS ACEVEDO, JR.: Selling Imperial Beach Property for $808K
-------------------------------------------------------------
Dimas Acevedo, Jr., asks the U.S. Bankruptcy Court for the Southern
District of California to authorize the private sale of the real
property located at 1361-63 Imperial Beach Blvd., in Imperial
Beach, California, to Muthanna Attisha for $808,000, subject to
overbid.

A hearing on the Motion is set for April 1, 2021, at 2:30 p.m.

The Property is a multi-family rental property and the Debtor's
residence located in San Diego County, California.  

The known liens on the Property and the estimated amounts due are
as follows: The Loan Company of San Diego ("TLC"), First Deed of
Trust, $1,548,309.28; Alastra Investments, LLC, Second Deed of
Trust, $127,000; County of San Diego Treasurer/Tax Collector,
property tax lien, $86,400.82.  

The Debtor proposes to use the proceeds of the sale to pay off San
Diego County's property tax lien in full, and pay down TLC's
allowed secured claim in connection with its first trust deed lien
on the Property to the extent Sale proceeds allow, net of the costs
of sale and administrative carve-out of no more than 0.04% of the
sale price to cover United States Trustee fees that would be owed
as a result of the proposed sale.  The Debtor's secured creditors
will otherwise be paid according to the terms of the Debtor's Plan.
The Debtor believes that first trust deed lien holder TLC should
receive the net proceeds of the sale in the approximate amount of
$700,000 upon the close of escrow.  

The Debtor has received a post-petition offer to purchase the
subject Property from a third-party individual, the Buyer.  The
Buyer is a third-party, arms'-length purchasers who seeks to
purchase the Property free of all liens and claims.

The essential terms of the proposed sale are:  

      a. The purchase price is $808,000;

      b. The effective date will be the date on which the Purchase
and Sale Agreement is executed by all parties as approved by the
Court in the titled case;

      c. The Debtor has agreed to pay normal and customary escrow
closing costs and the documentary transfer tax.  There are no
broker fees as the proposed sale of the Property is a private sale.
The Debtor will pay all outstanding property taxes from the Sale
proceeds.

The proposed sale is in the best interest of the Debtor's creditors
and his bankruptcy estate because no brokers fees will be incurred
(saving approximately $48,000) and the Debtor's secured creditors
will be paid their allowed secured claims, to the extent Sale
Proceeds allow, in an accelerated manner.

While the Debtor is prepared to consummate the Sale of the Property
to Buyer pursuant to the above terms, he is obliged to seek the
maximum price for the Property.  Accordingly, he asks that the
Court authorizes him to implement an overbid procedure regarding
the sale of the Property per the following terms:

      a. Present at Hearing: The Buyer and each Qualified Bidder,
defined below, must be present (telephonically) at the hearing on
the Motion or represented by an individual or individuals with the
authority to participate in the overbid process;

      b. Notice of Overbid: Any party wishing to participate in the
overbid process must notify the Debtor in writing directed to
Debtor's attorney of record, Edward J. Fetzer, Esq. via email
addressed to edwardfetzer@gmail.com, of his/her/its intention to do
so no later than close-of business two calendar days before the
hearing on the Motion;

      c. Earnest Money: To be a qualified overbidder, each party
participating in the overbid process must provide proof of their
ability to deposit 10% of their highest bid, payable by certified
check or cashier's check, at the close of the hearing on the
Motion;

      d. Initial Overbid: The initial overbid for the Property will
be $833,000 with subsequent overbids being made in minimum
increments of $5,000.  In the event that the Buyer is not the
successful bidder for the Property, the successful bidder will then
become the buyer under the same terms and conditions as set forth,
except in Purchase Price.  Under these circumstances, any proposed
purchase agreement with the Buyer would no longer be effective and
the Buyer would be entitled to full refund of any deposit.

The proposed sale is in the best interest of the Debtor's creditors
and his bankruptcy estate because no brokers fees will be incurred
(saving approximately $48,000) and the Debtor's secured creditors
will be paid their allowed secured claims, to the extent Sale
Proceeds allow, in an accelerated manner.

While the Debtor is prepared to consummate the Sale of the Property
to Buyer pursuant to the described terms, he is obliged to seek the
maximum price for the Property.  Accordingly, he asks that the
Court authorizes him to implement an overbid procedure regarding
the sale of the Property per the following terms:

      a. The Buyer and each Qualified Bidder must be present
(telephonically) at the hearing on the Motion or represented by an
individual or individuals with the authority to participate in the
overbid process;

      b. Any party wishing to participate in the overbid process
must notify the Debtor in writing directed to his attorney of
record, Edward J. Fetzer, Esq. via email addressed to
edwardfetzer@gmail.com, of his/her/its intention to do so no later
than close-of business two calendar days before the hearing on the
Motion;

      c. Earnest Money: $25,000 to be paid no later than 4:00 p.m.
on May 4, 2021.  Qualified Overbidders must attend the hearing on
May 6, 2021 at 2:00 p.m. by dialing the Honorable Louise D. Adler's
courtroom at 866-434-5269, access code 8111598;

      d. The initial overbid for the Property will be $825,000 with
subsequent overbids being made in minimum increments of $5,000.  In
the event that the Buyer is not the successful bidder for the
Property, the successful bidder will then become the buyer under
the same terms and conditions as set forth above, except in
Purchase Price.  Under these circumstances, any proposed purchase
agreement with Buyer would no longer be effective and Buyer would
be entitled to full refund of any deposit.

It is important to note that the amounts secured by TLC's and
Alastra's aforementioned deeds of trust are also secured by deeds
of trust on the Debtor's other property located at 1351-55 Imperial
Beach Blvd, Imperial Beach, California.  It is a condition of
escrow that all liens be released in order to close.  Thus, the
Debtor has assumed the obligation of negotiating with the Alastra
to obtain release of its junior lien.  In the alternative, the
Debtor is concurrently seeking a Court order stripping Alastra's
junior lien from the Property.

In addition, the Debtor will seek a stipulation with TLC for its
consent to receive less than full payment on its First Trust Deed
to effect the proposed Sale.  The remaining balance on TLC's
mortgage will be secured (with equity to spare) by the Debtor's
other real property.  In the event a sale stipulation is not
reached between Debtor and TLC, Debtor alternatively requests Court

approval of the Sale, nonetheless, as argued.

If the Court approves the Sale, the Debtor seeks authorization for
distribution of the Sale proceeds at the close of escrow as
follows:

      (a) Normal closing costs, including but not limited to the
Trustee's share of escrow charges, the cost of a standard coverage
title insurance policy, recording fees, documentary transfer taxes,
pro-rated real property taxes, and other normal and customary
charges, pro-rations, costs, and fees;

      (b) Payment of all outstanding property taxes from Sale
proceeds;

      (c) An administrative carve-out paid to the Debtor of no more
than 0.04% of the sale price (approximately $3,232 at a sale price
of $808,000) to cover United States Trustee fees that would be owed
as a result of the proposed sale;

      (d) Payment to satisfy amounts due and owing on the First
Trust Deed to the extent Sale proceeds allow, subject to the
Debtor's review and approval of final payoff demands.  The Debtor
believes that first trust deed lien holder TLC should receive the
net proceeds of the sale in the approximate amount of $700,000 upon
closing.

      (e) The remaining balance on TLC's mortgage (approximately
$890,000) would be secured by the Debtor's other real property
(valued at $1,035,0001.)  Similarly, Alastra's junior lien will be
released or avoided per Debtor’s Motion to Value and Avoid Junior
Lien with the balance of Alastra’s loan secured by Debtor’s
other real property, as well.

The Debtor proposes to sell the subject Property free and clear of
all interests in the Property, including the First and Second Trust
Deeds, and property tax lien.  He asks to liquidate the subject
Property and to use the net proceeds to pay allowed secured claims
and closing costs and, thereafter, continue to make payments on his
secured creditor's allowed claims according to the terms of his
Chapter 11 Plan of Reorganization.

A copy of the Agreement is available at
https://tinyurl.com/9rhdmw8x from PacerMonitor.com free of charge.

Dimas Acevedo, Jr. sought Chapter 11 protection (Bankr. S.D. Cal.
Case No. 20-04097) on Aug. 14, 2020.  The Debtor tapped Edward
Fetzer, Esq., as counsel.



DIOCESE OF ROCKVILLE: Cullen and Dykman Represents Parish Group
---------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Cullen and Dykman LLP submitted a verified
statement to disclose that it is representing the Diocesan Entities
in the Chapter 11 cases of The Roman Catholic Diocese of Rockville
Centre, New York.

The Diocesan Entities, including as set forth in the Debtor's
schedules and statement of financial affairs, may (a) have claims
against the above-captioned debtor as the term claim in defined in
title 11 of the United States Code, which claims may not yet be
known or determined, and may be unmatured, unliquidated and/or
contingent, (b) be a party to certain agreements with the Debtor,
(c) be a defendant in litigation in which the Debtor is also a
defendant giving rise to claims by them against the Debtor
including for indemnity, contribution and reimbursement, and (d)
have or share an interest in property of the Debtor, such as
insurance policies and proceeds, or property held by the Debtor for
them or have claims relating to such property.

C&D filed certain proofs of claim for Diocesan Entities, copies of
which are available on the Epiq website for the Debtor, which may
be accessed through the following link:
https://dm.epiq11.com/case/rdrockville/claims

The Diocesan Entities do not own any equity securities of the
Debtor.

The names and addresses of the Diocesan Entities represented by C&D
are set forth on Schedule "A." The information contained in
Schedule "A" is based upon information provided by the Diocesan
Entities and is subject to possible change.

St. Gerard Majella R.C. Parish
300 Terryville Road
Port Jefferson, NY 11776

St. John the Evangelist
546 St. John's Place
Riverhead, NY 11901

Sts. Philip and James R.C. Church
1 Carow Place
St. James, NY 11780

Church of Infant Jesus
110 Myrtle Avenue
Port Jefferson, NY 11777

St. Dominic Catholic Church
93 Anstice Street
Oyster Bay, NY 11771

Our Lady of Mount Carmel
495 North Ocean Avenue
Patchogue, NY 11772

Holy Name of Jesus
690 Woodbury Road
Woodbury, NY 11797

Church of the Good Shepard
1370 Grundy Avenue
Holbrook, NY 11741

St. Joseph R.C. Church
130 5th Street
Garden City, NY 11530

St. Margaret of Scotland Church
81 College Road
Selden, NY 11784

Parish of St. Agnes Cathedral
29 Quealy Place
Rockville Centre, NY 11570

St. Patrick's R.C. Church
235 Glen Street
Glen Cove, NY 11542

C&D was engaged by each of the Diocesan Entities to represent their
respective individual interests in connection with the commencement
of the Debtor's case at the instance of each of the Diocesan
Entities.

Counsel for Certain Parishes and Other Related Entities can be
reached at:

              CULLEN AND DYKMAN LLP
              Matthew G. Roseman, Esq.
              Thomas R. Slome, Esq.
              Amanda Tersigni, Esq.
              100 Quentin Roosevelt Boulevard
              Garden City, NY 11530
              Tel: (516) 357-3700

A copy of the Rule 2019 filing is available at
https://bit.ly/2QrmmP6 at no extra charge.

                      About The Roman Catholic
               Diocese of Rockville Centre, New York

The Roman Catholic Diocese of Rockville Centre, New York is the
seat of the Roman Catholic Church on Long Island.  The Diocese has
been under the leadership of Bishop John O. Barres since February
2017.  The State of New York established the Diocese as a
religious
corporation in 1958.  The Diocese is one of eight Catholic dioceses
in New York, including the Archdiocese of New York.  The Diocese's
total Catholic population is approximately 1.4 million, roughly
half of Long Island's total population of 3.0 million.  The Diocese
is the eighth largest diocese in the United States when measured by
the number of baptized Catholics.

The Roman Catholic Diocese of Rockville Centre, New York, filed a
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 20-12345) on Sept.
30, 2020.  The Diocese was estimated to have $100 million to $500
million in assets and liabilities as of the filing.

The Hon. Shelley C. Chapman is the case judge.

The Diocese tapped Jones Day as legal counsel, Alvarez & Marsal
North America, LLC, as restructuring advisor, and Sitrick and
Company, Inc., as communications consultant.  Epiq Corporate
Restructuring, LLC, is the claims agent.

The U.S. Trustee for Region 2 appointed a committee to represent
unsecured creditors in the Chapter 11 case.  The Committee retained
Pachulski Stang Ziehl & Jones LLP as its legal counsel.


DORCHESTER RESOURCES: Sets Bidding Procedures for Assets
--------------------------------------------------------
Dorchester Resources, LP, filed with the U.S. Bankruptcy Court for
the Western District of Oklahoma its amended request to authorize
the bidding procedures in connection with the sale of assets to
DRII, LLC, for the base purchase price of $10 million, plus the
assumption of certain agreements of the Debtor which amount to over
$800,000, subject to certain adjustments and carve-outs upon Court
approval of the transaction, subject to overbid.

Objections, if any, must be filed no later than 14 days from the
date of filing of the Motion.

The Debtor's business has declined due to long term pricing
declines, as well as the depression of energy prices during the
past 12 months, in part as a result of the COVID-l9 pandemic and
the related quarantines, travel restrictions, and reduced
manufacturing outputs.  Therefore, the Debtor cannot continue in
its business or rehabilitate its operations.

The only way for Debtor to realize any value for its assets is to
sell the assets identified on the Asset Purchase Agreement.  Prior
to filing bankruptcy, the Debtor entered into the Purchase
Agreement with the Stalking Horse Purchaser, together with its
successors and assigns, under which Stalking Horse Purchaser will
acquire the Designated Assets for the base purchase price of $10
million, plus the assumption of certain agreements of the Debtor
which amount to over $800,000, subject to certain adjustments and
carve-outs upon Court approval of the transaction.

In addition to the Motion, the Debtor has filed, or will shortly
file, a Motion for an Order (A) Approving the Sale of the Assets
Free and Clear of All Liens, Claims, Encumbrances, and Interests to
the Winning Bidders; and (B) Authorizing the Assumption and
Assignment of Certain Executory Contracts and Unexpired Leases of
the Debtor and Notice of Opportunity for Hearing ("Sale Motion").

The procedures governing the Sale will be governed by the Bidding
Procedures Order sought by the Bidding Procedures Motion,
establishing certain stalking horse bidding and sale procedures for
the proposed Sale of the Designated Assets.  The Purchase Agreement
provides for the sale and transfer of the Designated Assets free
and clear of all liens, claims, encumbrances and other interests.
The Designated Assets do not include cash, accounts, avoidance
actions or other claims and causes of action belonging to the
Debtor's estate.

The Bidding Procedures Motion seeks approval of the form of the
Purchase Agreement; however, the request for authority to
consummate the Sale is requested pursuant to the Sale Motion.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: June 15, 2021, at 4:00 p.m. (CT)

     b. Initial Bid: $10.25 million

     c. Deposit: $1.25 million

     d. Auction: The Auction will take place, in compliance with
the Bidding Procedures, on June 18, 2021, at 10:00 a.m. (CT) at the
offices of the Auctioneer or the Debtor's counsel, or such other
place and time as the Debtor will notify all Qualified Bidders.

     e. Bid Increments: $100,000

     f. Sale Hearing/Sale Objection Deadline: May 5, 2021, at 9:30
a.m. (CST)

     g. Breakup Fee: $200,000

     h. Expense Reimbursement: $50,000

Five business days after entry of the Bidding Procedures Order, the
Debtor will cause the Sale Notice upon all the Sale Notice
Parties.

Regarding the Bidding Procedures Motion, the Debtor asks approval
of the form of the Purchase Agreement because the form of the
agreement should be approved prior to the bidding process.  It
submits the form and content of the Purchase Agreement is
reasonable and customary considering the facts and circumstances in
the case.  Therefore, the Debtor asks the Bidding Procedures Order
approves the form and content of the Purchase Agreement.

Finally, the Debtor asks the Court to order that the stays provided
for in Bankruptcy Rules 6004(h) and 6006(d) are waived and the
Bidding Procedures Order will be effective immediately upon its
entry.

A copy of the Bidding Procedures is available at
https://tinyurl.com/26ttyzbe from PacerMonitor.com free of charge.

                  About Dorchester Resources

Dorchester Resources, LP filed a voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Okla. Case
No.
21-10840) on April 5, 2021.  At the time of the filing, the Debtor
had between $10 million and $50 million in both assets and
liabilities.  

Judge Sarah A. Hall oversees the case.

The Debtor tapped Christensen Law Group, PLLC as counsel and Dakil
Auctioneers, Inc. as marketing and sales agent.  Omni Agent
Solutions is the claims and administrative agent.



DURR MECHANICAL: Debtor Will Liquidate its Assets
-------------------------------------------------
Durr Mechanical Construction, Inc, submitted a Third Amended
Disclosure Statement explaining its Liquidating Plan.

On or about June 15, 2018, the Debtor filed a complaint against
PSEG, captioned Durr Mechanical Construction, Inc. v. PSEG Fossil,
LLC, Civil action number 18-CV-10675 (KM)  (CW),  in the United
States District Court for the District of New Jersey,  seeking to
recover the aggregate amount of approximately $93,218,512.  Peckar
& Abramson, P.C. represents the Debtor in this action concerning
this Affirmative Claim.  The Debtor anticipates a likely
affirmative recovery on its affirmative claim against PSEG through
either settlement prior to trial or through a trial before the U.S.
District Court of the District of New Jersey.  The trial, if
necessary, should occur within the next 1.5 to 2 years depending
upon, among other things, the following: (a) the court's calendar
and its current backlog of cases due to the pandemic; (b) discovery
continuing on its current course; (c) additional required motion
practice; (d) the cooperation of all relevant witnesses, and (e)
the availability of relevant documents.

The Debtor has pursued a recovery on certain affirmative claims
against the City of New  York (the "City"), acting by and through
the New York City Department of Environmental  Protection ("DEP"),
arising out of Contract CRO-312 for the project known as the Croton
Water Treatment Plant located at Van Cortlandt Park, Bronx, New
York (the "DEP Project”).
Since the Filing Date, the Debtor has engaged in extensive
discovery with DEP regarding the City's alleged defenses to the
Debtor’s claims,  and recently, on September 3, 2020, filed an
adversary proceeding against the City to recover on this
Affirmative Claim.   The City filed a motion to dismiss certain
causes of action of the complaint and/or seeking to have certain
causes of action resolved in a forum other than the Bankruptcy
Court, and the Debtor filed opposition to the motion.  The
preliminary hearing on the motion was held on Dec. 23, 2020, with
further briefing ordered by the Court on limited issues raised on
the record of the hearing regarding the arbitrability of certain
claims and a subsequent hearing was held on March 17, 2021. While a
decision on the City's motion to compel arbitration of certain of
the claims asserted in the complaint relating to substantial
completion of the DEP Project is pending before the Court, the
parties continue to engage in an informal exchange of information
pertaining to the Affirmative Claim. The Debtor anticipates that
any potential settlement of the Affirmative Claim may be attainable
within the next 6-9 months, whereas a trial in any forum would
require at least a year prior to resolution, subject to the court
calendar.

The Plan will treat claims as follows:

    * Class 3 Priority (Non-Tax) Claims: Each holder of an allowed
Class 3 claims, as has been agreed with each such creditor, shall
receive payment including applicable interest, on account of such
allowed class 3 claims after payment of classes 1 and 2 claims, and
allowed administrative expenses. Class 3 is impaired.

    * Class 4 General Unsecured claims: Each holder of an allowed
Class 4 claim shall receive payment on account of its allowed
general unsecured claim in the amount of its pro rata share of
available fund, after payment in full of classes 1,2 and 3, allowed
administrative expenses claims and allowed priority tax claims.
Class 4 is impaired.

Distributions to Allowed Claimants under the Plan will be funded
from the Available Funds, which predominantly include and consist
of the recoveries to be realized from the Affirmative Claims as
prosecuted by the Liquidating Trust. The Liquidating Trustee
selected by the Debtor is Kenneth A. Durr, the President of the
Debtor.

Attorneys for the Debtor:

     Adam P. Wofse, Esq.
     Gary F. Herbst, Esq.
     LaMonica Herbst & Maniscalco, LLP
     3305 Jerusalem Avenue
     Wantagh, New York 11793
     Tel: (516) 826-6500  

A copy of the Third Amended Disclosure Statement is available at
https://bit.ly/3v79Enp from PacerMonitor.com.

                      About Durr Mechanical

Durr Mechanical Construction, Inc. -- http://www.durrmech.com/--
is a mechanical contracting company headquartered in New York.  It
offers commercial HVAC, scheduling and cost control, BIM drafting,
erecting and setting equipment, process piping, power piping, and
emergency services.

Durr Mechanical Construction filed a voluntary petition for
reorganization under Chapter 11 of Title 11 of the United States
Code (Bankr. S.D.N.Y. Case No. 18-13968) on Dec. 7, 2018.  In the
petition signed by Kenneth A. Durr, president, the Debtor was
estimated to have $100 million to $500 million in assets and $50
million to $100 million in liabilities.  LaMonica Herbst &
Maniscalco, LLP, led by Michael Thomas Rozea, and Adam P. Wofse,
serves as counsel to the Debtor.


EAGLE HOSPITALITY: Doesn't Have Luxury to Delay Sale Process
------------------------------------------------------------
Melissa Cheok of Bloomberg Law reports that "Eagle Hospitality
Group does not have the luxury of delaying the sale or
restructuring process as the current pandemic continues to create
volatility and uncertainty with respect to the U.S. hospitality
industry's recovery," Eagle Hospitality Trust says in an SGX
filing.

Says unless there is certainty that a delay in the sale process
would result in better or higher bids for the hotels, delaying the
sale process would put further risks on stakeholders by increasing
the borrowers' exposure under the debtor-in-possession financing
facility without creating an offsetting increase in the value of
the hotels.

                   About Eagle Hospitality Group

Eagle Hospitality Trust -- https://eagleht.com/ -- is a hospitality
stapled group comprising Eagle Hospitality Real Estate Investment
Trust ("Eagle H-REIT") and Eagle Hospitality Business Trust. Based
in Singapore, Eagle H-REIT is established with the principal
investment strategy of investing on a long-term basis, in a
diversified portfolio of income-producing real estate which is used
primarily for hospitality and/or hospitality-related purposes, as
well as real estate-related assets in connection with the
foregoing, with an initial focus on the United States.

EHT US1, Inc., and 26 affiliates, including 15 LLC entities that
each owns hotels in the U.S., sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 21-10036) on Jan. 18, 2021.

EHT US1, Inc., estimated $500 million to $1 billion in assets and
liabilities as of the bankruptcy filing.

The Debtors tapped PAUL HASTINGS LLP as bankruptcy counsel; FTI
CONSULTING, INC., as restructuring advisor; and MOELIS & COMPANY
LLC, as investment banker.  COLE SCHOTZ P.C. is the Delaware
counsel.  RAJAH & TANN SINGAPORE LLP is Singapore Law counsel, and
WALKERS is Cayman Law counsel.  DONLIN, RECANO & COMPANY, INC., is
the claims agent.


EAGLECLAW MIDSTREAM: S&P Upgrades ICR to 'B' on Increasing Volumes
------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating and issue-level
ratings on EagleClaw Midstream Ventures LLC (ECMV) to 'B' from
'B-'. S&P's '4' recovery rating on the company's debt remains
unchanged, indicating its expectation for average (30%-50%; rounded
estimate: 45%) recovery in the event of a payment default.

Like several of its midstream peers operating in the Permian Basin,
ECMV faced challenging market conditions throughout 2020. Despite
these challenges, the company was able to expand its gathered
natural gas volumes by 17% year over year and produced $11 million
of free cash flow in the second half of 2020.

S&P said, "We forecast ECMV's 2021 natural gas gathered exit
volumes will be in the 740 million cubic feet per day
(MMcf/d)–790 MMcf/d range as its customers bring their drilled
but uncompleted wells (DUCs) from 2020 online. We anticipate the
company's capital spending in 2021 will be approximately 40% of its
2020 levels and highly discretionary, with a large focus on
gathering and well connects, which it can defer to avoid detracting
from its near-term deleveraging. Over the past few years management
has invested substantial capital to build out its infrastructure to
meet the offtake needs of several noteworthy customers, including
PDC, Shell, and XTO, that surround its asset footprint. These
material projects not only provide ECMV with long-term volumetric
upside but also further demonstrate management's efforts to de-risk
its counterparty concentration and increase its customer credit
quality. The company's customer portfolio currently includes 24
customers with a weighted average contract term of 11.3 years. We
expect ECMV to derive approximately 78% of its 2021 gross profit
from its fixed-fee contracts and 4% from its minimum volume
commitment (MVC) contracts. ECMV's contract portfolio is more
directly exposed to commodity prices than its peers who have a
higher percentage of fee-based contracts which is a risk if
commodity prices deteriorate.

"The company continues to focus on one basin but has historically
demonstrated the ability to scale its footprint. ECMV owns and
operates approximately 925 miles of pipeline infrastructure, 780
MMcf/d of natural gas processing capacity, and 30,000 barrels per
day (30 MBbl/d) of crude storage. The company also has about
520,000 dedicated acres and benefits from its association with
affiliate company BCP Raptor II LLC. The relationship provides
among other things, through its offtake agreement a backstop for
any operational shortfalls. In our view, ECMV continues to offer
its customers superior downstream connectivity through the Permian
Highway Pipeline and Grand Prix Pipeline relative to the
connectivity offered by its peers. We believe management is not
only focused on expanding the company's gathering and processing
capabilities but also building a fully integrated midstream entity
from the well-head to its end markets.

"We estimate ECMV's adjusted EBITDA will be in the $195
million-$220 million range in 2021, which leads us to forecast free
cash flow generation in the $35 million-$50 million range. We do
not anticipate the company will require any equity contributions
from its sponsor over our forecast, thus we expect it to achieve
adjusted debt to EBITDA in the 5.5x-6.25x range over the next 12
months.

"Our stable outlook on ECMV highlights the increased volume
throughput of its system coupled with our expectation for
substantial excess free cash flow generation over the next 12
months, which will facilitate near-term deleveraging. Specifically,
we forecast the company will achieve adjusted debt to EBITDA in the
5.5x-6.25x range in 2021.

"We could consider taking a negative rating action on ECMV if its
throughput volumes underperform our expectations for a prolonged
period and it fails to sweep substantial excess cash flow to reduce
its debt balance. This would cause it to sustain adjusted debt to
EBITDA of more than 6.5x.

"Although unlikely in the near term, we could consider taking a
positive rating action on ECMV if it reduces its leverage to 5x
while continuing to expand its volumes."



ELECTRONIC DATA: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Electronic Data Magnetics, Inc.
        210 Old Thomasville Rd.
        High Point NC 27260

Business Description: Electronic Data Magnetics manufactures and
                      reproduces magnetic and optical media.  The
                      Company is a manufacturer of technically
                      advanced printed products used in a variety
                      of markets including, airlines, mass transit
                      agencies, toll roads, parking institutions,
                      betting slips, printing for US GPO,
                      tabulating cards, and RFID tags.

Chapter 11 Petition Date: April 22, 2021

Court: United States Bankruptcy Court
       Middle District of North Carolina

Case No.: 21-10222

Judge: Hon. Lena M. James

Debtor's Counsel: James C. Lanik, Esq.
                  WALDREP WALL BABCOCK & BAILEY PLLC
                  1076 West Fourth Street
                  Winston Salem, NC 27101
                  Tel: 336-722-6300
                  E-mail: jlanik@waldrepwall.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by R. Richard Hallman, president and CEO.

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

https://www.pacermonitor.com/view/VFUXAIY/Electronic_Data_Magnetics_Inc__ncmbke-21-10222__0001.0.pdf?mcid=tGE4TAMA


ELEMENT SOLUTIONS: S&P Upgrades ICR to 'BB', Outlook Stable
-----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Element
Solutions Inc. and its subsidiary Macdermid Inc. to 'BB' from
'BB-', issue-level rating on senior secured debt to 'BBB-' from
'BB', and issue-level rating on unsecured debt to 'BB' from 'BB-'.
At the same time, S&P revised the recovery rating on the senior
secured debt to '1' from '2'. The recovery rating on the unsecured
debt remains '4'. S&P is also withdrawing its issuer credit rating
on subsidiary company MacDermid Inc because it no longer issues
debt independently from Element.

The outlook is stable, reflecting S&P's expectation that the
company's operating performance in 2021 and beyond will support
credit metrics appropriate for the rating. This includes a funds
from operations (FFO) to total debt ratio of at least 20%.

Element benefits from its exposure to growing end markets,
particularly in its electronics segment, where its solutions are
used in circuit board manufacturing, electronics assembly, and
semiconductor fabrication and packaging. Despite the pandemic,
organic revenue in the company's electronics segment grew 2% in
2020, including a 16% increase in the fourth quarter of 2020 over
the corresponding quarter in 2019. This outperformance relative to
our previous expectation was led by a 23% year-over-year
improvement in semiconductor solution sales. S&P expects
macroeconomic trends to underpin continued EBITDA growth in
Element's core electronics businesses. Other factors that support
demand growth include increased 5G adoption, along with the
corresponding 5G infrastructure buildout; robust semiconductor
application demand; and a gradual shift toward electric vehicles.
The company derives about 20%-25% of its EBITDA from mobile phones
and mobile infrastructure, where it benefits both from growth in
overall units sold and greater penetration of its products in in 5G
devices compared with similar legacy phones. In addition, while a
small percentage of overall revenue at this time, the company
should benefit from electric vehicle (EV) adoption given the
greater utilization of its product in an average EV than in a
legacy vehicle.

S&P said, "We view some of the company's end markets as prone to
cyclicality, including the semiconductor market, but we expect
steady volume growth in the medium term.

"We believe the company's financial policies, and current debt
leverage, will remain supportive of our 'BB' issuer credit rating,
even in the absence of debt paydown over our forecast period. We
expect that modest EBITDA growth and minimal capital expenditure
requirements will translate into significant free cash flow (FCF)
generation over the coming years, with S&P Global Ratings-adjusted
free operating cash flow (FOCF) exceeding $250 million per year
over the next few years. We believe the company will pay out about
20% of this FCF in dividends, pursue opportunistic bolt-on
acquisitions amounting to about $75 million per year, and
opportunistically buy back shares under its existing share
repurchase plan. We expect the company to retain the remaining cash
on its balance sheet, but do not expect additional debt paydowns
beyond mandatory amortization payments on the company's term loan.
We believe the company will continue to pursue financial policies
consistent with our 'BB' rating.

"The stable outlook on Element reflects our view that credit
metrics will improve in 2021, supported by the global economic
recovery, particularly a continued rebound in automotive end
markets (25% of the company's end-market exposure), and bolstered
by outperformance in the company's electronics segment, which
benefits from secular trends such as the shift to 5G, semiconductor
demand, and vehicle electrification. We now expect S&P Global
Ratings-adjusted weighted FFO to debt in the 20%-30% range. Our
current rating assumes management is committed to maintaining
credit ratios within this range, and we do not factor debt-funded
share buybacks or meaningful acquisitions into our rating.

"We could lower our ratings in the next year if FFO to debt fell
below 20% with no immediate prospect for improvement. This would
most likely occur if global industrial demand unexpectedly weakened
in 2021 compared with 2020, Element began facing raw-material cost
pressures, the company returned a significant amount of balance
sheet cash to shareholders, or EBITDA margins deteriorated
significantly, dropping by over 200 basis points (bps), along with
marginally weaker revenue growth. We could also consider a negative
rating action if the company were to pursue any large debt-funded
acquisitions or pursue more aggressive, leveraging financial
policies.

"We could consider a positive rating action in the next year if FFO
to debt were to rise above 30%, and we believed management was
committed to maintaining leverage metrics at this level. This could
occur if EBITDA margins expanded by over 200 bps and revenue growth
were slightly higher than our current expectations. In such a
scenario, we would also expect the company to balance shareholder
rewards and acquisitions with debt paydowns. This would require the
company to use balance sheet cash and excess FOCF to pay down debt
beyond our current expectations."



EMERALD GRANDE: Wins Court Nod on Cash Use Thru Aug. 31
-------------------------------------------------------
Judge Paul M. Black authorized Emerald Grande, LLC to use the cash
collateral of Premier Bank, Inc., through and including August 31,
2021, in accordance with the budget.  The budget for the month of
August 2021 provided for $29,719 in total disbursements, including
$19,328 in payments to Premier Bank for loan interest and
principal.

Premier Bank, Inc., as successor by merger to First Bank of
Charleston, Inc., has interest in the cash collateral arising from
obligations the Debtor, as borrower, contracted with Premier Bank
under several loan documents.  The obligations are secured by valid
and duly perfected liens and security interests in (i) the real
property in Kanawha County, West Virginia, (ii) all leases of the
Kanawha property, (iii) all inventory, chattel paper, accounts,
equipment, general intangibles and fixtures relating to the Kanawha
property, (iv) all cash currently held in the Debtor's demand
deposit with Premier Bank, and (v) all present and future rents
from the Kanawha Property.

As adequate protection, the Debtor is directed to:

   * make payments for principal and interest due under the Premier
Bank loan documents on the 30th (for Loan No. 351018) and on the
3rd (for Loan No. 330005) of each month through the 30th and 3rd of
the month, respectively, when the current Court order expires.

   * set aside and transfer amounts earmarked for payment of real
estate taxes on the Kanawha Property, from the Debtor's demand
deposit account at Premier Bank to a separate escrow account with
Premier Bank in the Debtor's name.

Premier Bank is granted a valid, perfected, continuing liens and
security interest on a post-petition basis in the collateral to the
same extent and prior given to the liens and security interest
granted to Premier Bank in the collateral before the Petition
Date.

The Debtor acknowledged that Premier Bank paid all pre-petition
real estate taxes due on the Kanawha Property and added the full
amount of $126,964 to the principal balance of the outstanding
loans on a pro rata basis.

A copy of the order is available free of charge at
https://bit.ly/3gp1UsM from PacerMonitor.com

A further hearing will be held on August 24, 2021 at 10 a.m.  To
participate in the hearing, parties are instructed to dial
(866)434-5269, and provide access code 4427877 when prompted to do
so.

                   About Emerald Grande, LLC

Emerald Grande, LLC, owns and operates two hotel properties, the La
Quinta Inn and Suites adjacent to the Elkview Crossings Shopping
Mall, in Elkview, West Virginia; and the La Quinta Inn and Suitest
adjacent to the Merchants Walk Shopping Mall, in Summersville, West
Virginia. It also owns a real estate development in Charleston
(Kanawha City), West Virginia.

Emerald Grande filed a Chapter 11 petition (Bankr. N.D. W.Va. Case
No. 17-00021) on Jan. 11, 2017. The petition was signed by William
A. Abruzzino, managing member. The case is assigned to Judge
Patrick M. Flatley.

The Debtor estimated assets and liabilities at $10 million to $50
million at the time of the filing. The Debtor is represented by
Steven L. Thomas, Esq., at Kay, Casto & Chaney PLLC. The Debtor
employs Woomer, Nistendirk & Associates PLLC as accountant; and
Realcorp, LLC, as broker, with Jon Cavendish serving as the listing
agent, to market and sell its property in Kanawha County, West
Virginia.

No official committee of unsecured creditors has been appointed.

Counsel for Premier Bank, Inc., as successor by merger to First
Bank of Charleston, Inc.:

   Marc. R. Weintraub, Esq.
   Kevin W. Barrett, Esq.
   Bailey & Glasser, LLP
   209 Capitol Street
   Charleston, WV 25301
   Tel: (304) 345-6555
   Fax: (304) 342-1110
   Email: mweintraub@baileyglasser.com
          kbarrett@baileyglasser.com



ENERGY ACQUISITION: S&P Rates New $100MM Sr. Sec. Term Loan B 'B-'
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level and '3' recovery
ratings to Acquisition Co. Inc.'s (subsidiary of Energy Holdings
(Cayman) Ltd., d/b/a ECI) proposed $100 million senior secured term
loan B due June 2025. The '3' recovery rating indicates its
expectation of meaningful (50%-70%; rounded estimate: 50%) recovery
in the event of a payment default. The company will use the
proceeds from the debt issuance, along with sponsor equity, to fund
upcoming acquisitions.

S&P said, "We expect these acquisitions to reduce leverage, given
the equity contribution from the financial sponsor. These
acquisitions will further broaden ECI's end-market exposure into
the broader auto and various industrial end markets.

"Our 'B-' issuer credit rating and negative outlook are unchanged.
S&P Global Ratings-adjusted debt rose to exceed 11x in 2020 because
of COVID-19 pandemic-related headwinds across the company's end
markets. While we expect a significant rebound in 2021 given
guidance from the company's major customers, we anticipate leverage
will remain elevated. We also anticipate constrained adjusted free
operating cash flow generation, given working capital needs.

"Our 'B-' issue-level rating on the revolving credit facility and
'CCC' issue-level rating on the company's second lien debt are
unchanged. The '3' recovery rating on the company's revolving
credit facility indicates our expectation of meaningful (50%-70%;
rounded estimate: 50%) recovery, while the '6' recovery rating on
the senior second-lien debt indicates our expectation for
negligible (0%-10%; rounded estimate: 5%) recovery in the event of
a payment default."

Issue Ratings--Recovery Analysis

Key analytical factors

-- S&P said, "Our simulated default scenario contemplates a
default occurring in 2023 following an abnormally weak
macroeconomic environment that reduces the company's end-market
demand, which leads to lower business volumes and rising raw
material and energy costs. ECI's cash flow would become
insufficient to cover its interest expense, the required
amortization on its term loans, its working capital, and its
maintenance capital outlays. We assume these conditions would
impair the company's ability to meet its fixed charges, which
eventually would drain its liquidity and trigger a bankruptcy
filing."

-- S&P believes ECI's underlying business would still have
considerable value. Therefore, S&P expects it would emerge from
bankruptcy rather than pursue a liquidation.

Simulated default assumptions

-- Simulated year of default: 2023
-- EBITDA multiple: 5x
-- EBITDA at emergence: $89 million
-- Jurisdiction: U.S.

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $423
million

-- Valuation split (obligors/nonobligors): 75%/25%

-- Collateral value (plus deficiencies) available to first
priority claims: $414 million

-- Secured debt claims: $809 million

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

-- Value available to unsecured debt (collateral/noncollateral):
$8 million

-- Senior unsecured debt claims: $120 million

  --Recovery expectations: 0%-10% (rounded estimate: 5%)

Note: Debt amounts include six months of accrued interest that S&P
assumes will be owed at default. Collateral value includes asset
pledges from obligors (after priority claims) plus equity pledges
in nonobligors. S&P generally assume usage of 85% for cash flow
revolvers at default.



EWC COOK: Seeks to Hire Kell C. Mercer as Bankruptcy Counsel
------------------------------------------------------------
EWC Cook, Ltd. seeks approval from the U.S. Bankruptcy Court for
the Western District of Texas to hire Kell C. Mercer, P.C. as its
bankruptcy counsel.

The firm's services include:

  -- advising the Debtor with respect to its rights, duties and
powers in its Chapter 11 case;

  -- advising the Debtor regarding compliance with the United
States Trustee guidelines;

  -- assisting and advising the Debtor in its consultations with
creditors and parties in interest relating to the administration of
the case;

  -- attending meetings and negotiating with representatives of
creditors and other parties in interest;

  -- assisting and advising the Debtor as to its communications, if
any, to the general creditor body regarding significant matters in
the case;

  -- assisting and advising the Debtor as to its communications
with the Subchapter V trustee in the case;

  -- representing the Debtor at all necessary hearings and other
proceedings;

  -- reviewing, analyzing and advising the Debtor with respect to
applications, orders, statements of operations and schedules filed
with the court;

  -- assisting the Debtor in formulating, negotiating and
prosecuting a Subchapter V plan;

  -- assisting the Debtor in preparing pleadings and applications
as may be necessary in furtherance of the Debtor's interests and
objectives; and

  -- performing other legal services necessary to administer the
case.

The firm will charge an hourly fee of $400.  It received $21,717
from the Debtor as retainer and currently holds a retainer in the
amount of $18,859.

Kell Mercer, Esq., disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Kell C. Mercer, Esq.
     Kell C. Mercer, P.C.
     1602 E. Cesar Chavez Street
     Austin, TX 78702
     Tel: (512) 627-3512
     Fax: (512) 597-0767
     Email: kell.mercer@mercer-law-pc.com

                          About EWC Cook

EWC Cook, Ltd. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Texas Case No.
21-10174) on MArch 14, 2021.  At the time of the filing, the Debtor
disclosed $100,001 to $500,000 in assets and $500,001 to $1 million
in liabilities.  Kell C. Mercer, P.C. represents the Debtor as
legal counsel.


EXPO CONSTRUCTION: Disclosure Statement Hearing Reset to May 26
---------------------------------------------------------------
Judge Eduardo V. Rodriguez has entered an order within which the
hearing on the Disclosure Statement of Debtor Expo Construction
Group, LLC is reset to May 26, 2021, at 9:00 a.m. The deadline for
GL Nettles to file an objection to the Disclosure Statement is May
21, 2021.

A full-text copy of the order dated April 20, 2021, is available at
https://bit.ly/3nge48O from PacerMonitor.com at no charge.

               About Expo Construction Group

Expo Construction Group, LLC, a Houston-based general contractor,
filed a voluntary petition for relief under Chapter 11 of the
United States Code (Bankr. S.D. Tex. Case No. 20-34099) on Aug. 18,
2020. Melida Taveras, a managing member, signed the petition.  At
the time of filing, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities.  The Law
Office of Margaret M. McClure serves as the Debtor's legal counsel.


FAYETTE MEMORIAL: May 12 Hearing on Sale of Connersville Property
-----------------------------------------------------------------
Fayette Memorial Hospital Association, Inc., files with the U.S.
Bankruptcy Court for the Southern District of Indiana a notice of
its proposed private sale of the real property located at 3135
Virginia Avenue, in Connersville, Indiana, to Woda Cooper
Development, Inc., or its assignee for $175,000.

On April 13, 2021, Fayette, acting through its Sale Motion.

The Property consists of the real property and improvements
commonly known as The Erb Building.  No exemptions are claimed in
the Property.  

The entire Purchase Price, less the costs of sale allocated to
Fayette as the Seller (estimated to be less than $2,500), will be
received by the estate for the purposes of funding payment
obligations under the terms of the confirmed plan in the case.  

The contingencies to sale are set forth in Section 12 of the
Purchase Agreement.   Material contingencies include the ability of
Woda Cooper to obtain governmental approvals, including zoning
approvals, to construct senior housing units and related amenities
on the Property, and securing a final reservation of Section 42 Tax
Credits from the Indiana Housing and Community Development
Authority.   

The Property was offered for sale as part of the sale process
guided by H2C Analytics, LLC, but no buyer was identified in that
process.  A Brokers Opinion of Value was secured that provides
justification for the Purchase Price.  Additional detail regarding
efforts to market and sell the Property are set forth in Paragraphs
22-27 of the Sale Motion.  

None of the Debtor, the Debtor's insiders, or the Plan
Administrator have any existing business or personal relationship
with Woda Cooper, and there will be no ongoing relationship after
consummation of the sale.   

The proposed sale will not include the transfer of personally
identifiable information.

The Property is subject to a blanket lien in favor of The Bank of
New York Mellon Trust Co. N.A., as Trustee ("BNYM") and the sale of
the Property free and clear of such lien is contemplated as part of
the Settlement, Release, Plan Support and Exit Financing Agreement
previously approved by the Court.   

A copy of the Sale Motion may be obtained by contacting the
Debtor's attorneys, on PACER, at https://www.bmcgroup.com/fmha or
from the Clerk of the Court.  

A Telephonic Hearing on the Sale Motion will take place on May 12,
2021, at 1:30 p.m. (EDT), before the Honorable Jeffrey J. Graham,
United States Bankruptcy Court, 877-848-7030, Access Code 8891756.
The Objection Deadline is May 4, 2021.

            About Fayette Memorial Hospital Association

Founded in 1913, Fayette Memorial Hospital Association, Inc. --
https://www.fayetteregional.org/ -- is a multi-faceted health care
organization in Connersville, Indiana.  It offers ambulatory care,
cancer care, care pavilion, dermatology, diagnostic imaging,
emergency care, express care, facial and cosmetic procedures,
hospice care, laboratory services, pediatrics, physical therapy
and
rehabilitation, among other services.  

Fayette Memorial Hospital Association sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ind. Case No.
18-07762) on Oct. 10, 2018.  In the petition signed by CEO Randall
White, the Debtor estimated assets of $10 million to $50 million
and liabilities of $10 million to $50 million.  The case is
assigned to Judge Jeffrey J. Graham.  The Debtor tapped Fultz
Maddox Dickens PLC as its legal counsel.  

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee tapped Fox Rothschild LLP as
its legal counsel.

The official committee of unsecured creditors was appointed on
Dec. 5, 2018.  On Feb. 19, 2021, the Court confirmed the Joint
Plan of Liquidation by which it confirmed the Immaterially
Modified Joint Chapter 11 Plan of Liquidation.  Pursuant to the
Confirmation Order and the Plan, the Committee was dissolved, and
Bernadette Barron of Barron Business Consulting, Inc., was
appointed as the Plan Administrator.



FAYETTE MEMORIAL: Woda Buying Connersville Property for $175K
-------------------------------------------------------------
Fayette Memorial Hospital Association, Inc. asks the U.S.
Bankruptcy Court for the Southern District of Indiana to authorize
the private sale of the real property located at 3135 Virginia
Avenue, in Connersville, Indiana, to Woda Cooper Development, Inc.
or its assignee for $175,000.

The Debtor is the owner of the Property, the legal description of
which is set forth in the Warranty Deed (Exhibit A).  Pursuant to
the terms of the Plan, the Property remains an asset of the
Debtor's estate and subject to the jurisdiction and authority of
the Court.

On March 18, 2021, the Debtor entered into a Purchase Agreement
with Woda Cooper outlining the terms for the proposed sale of the
Property to it.  The terms of the Purchase Agreement remain subject
to the approval of the Court.  By the Motion, the Debtor seeks
entry of an order authorizing the Debtor to sell the Property to
Woda Cooper free and clear of liens claims and encumbrances and
pursuant to the terms of the Purchase Agreement.   

The Property to be sold consists of the real estate and
improvements commonly known as "The Erb Building" as legally
described in the Warranty Deed.  Prior to the Debtor's ownership,
the Property was operated as the Erb Lumber Company location in
Connersville, Indiana.  The Debtor utilized the Property for
records and equipment storage.   

The Property is subject to the BNYM Blanket Lien in favor of The
Bank of New York Mellon Trust Co. N.A., as Trustee ("BNYM") as
described in the Settlement, Release, Plan Support and Exit
Financing Agreement entered into by and between BNYM, Comerica
Bank, N.A., the Debtor and the Committee approved pursuant to the
Order Granting Joint Motion of the Debtor and the Committee to
Compromise and Settle Disputes with the Bank of New York Mellon
Trust Company, N.A. as Trustee and Comerica Bank, to Approve Plan
Support Agreement and to Authorize the Granting of a Security
Interest and Use of Cash Collateral.

In accordance with the terms of the BNYM Plan Support Agreement and
the Plan, the remaining assets of the Debtor's estate, including
the Property, are to be liquidated by the Plan Administrator to
generate funds to satisfy the Plan payment obligations, including
but not limited to payment obligations to BNYM [Plan Section 5.3,
and BNYM Plan Support Agreement Section 3(k)].  

The prospective purchaser of the property is Woda Cooper.  Woda
Cooper is a private company headquartered in Columbus, Ohio, and is
engaged in the business of developing and managing affordable
housing throughout the Midwest, and in other areas of the country.
Woda Cooper is seeking to acquire and re-develop the Property
utilizing Low-Income Housing Tax Credits to be issued by the
Indiana Housing and Community Development Authority.

Pursuant to the Purchase Agreement, the proposed sale price for the
Property is $175,000.  The entire Purchase Price, less the costs of
sale allocated to the Debtor as the seller (estimated to be less
than $2,500), will be received by the Debtor's estate for the
purposes of funding payment obligations under the terms of the
Plan.   

The contingencies to the sale are set forth in Section 12 of the
Purchase Agreement, and include the following:  

      a. Woda Cooper determining that it can obtain all
governmental approvals necessary or desirable for the construction
of the housing units and all related amenities on the Property.

      b. Woda Cooper determining that the Property is in compliance
with the lender and investor environmental requirements.  

      c. Woda Cooper completing due diligence on the site and
market review to its satisfaction.

      d. Woda Cooper obtaining acceptable zoning approvals for the
planned number of units and acceptable site plan approval by the
appropriate government.  

      e. Woda Cooper determining that development of Property for
its intended use is economically feasible.

      f. Woda Cooper determining that the environmental remediation
plan and costs associated with environmental reports are
acceptable.  

      g. Woda Cooper obtaining a final reservation of Section 42
Tax Credits from the IHCDA.

      h. Debtor receiving approval from the Bankruptcy Court to
sell Woda Cooper the Property through a private sale.

Because Woda Cooper seeks to redevelop the property with Tax
Credits, the sale is contingent upon Woda Cooper receiving an award
of Tax Credits from the IHCDA, and the timeline for the application
and award process may extend into November 2021.  The Purchase
Agreement therefore provides for the sale to occur by Dec. 31,
2021.    

Due to the extended timeline to consummate the sale contemplated by
the Purchase Agreement, and the costs to be incurred by the
Debtor’s estate to maintain insurance and fire protection for the
Property during the interim, certain additional protections are
provided for the Debtor including the following:  

      a. Woda Cooper is required to make a $10,000 initial earnest
money deposit to be held by an escrow agent;  

      b. Upon Bankruptcy Court Approval, $5,000 of that initial
earnest money deposit will become non-refundable and deemed fully
earned by the Debtor; and  

      c. If the Purchase Agreement has not been previously
terminated, the remainder of the initial earnest money deposit will
become non-refundable and deemed fully earned by the Debtor on July
26, 2021.   

The most recent tax assessed value of the property, according to
the Fayette County Assessor's office is $286,400.  

The Property was offered for sale as part of the sale process
guided by H2C Analytics, LLC, but no buyer was identified for the
Property.   

In June 2019, the Debtor evaluated listing the Property for sale
with a local commercial real estate broker, but the broker
recommended listing the Property for far less than the tax assessed
value of the Property.  Additionally, the Debtor has received
unsolicited offers for the property including the following:  

      a. On July 29, 2019, Robert & Rodney Ball offered $25,000 for
the Property;

      b. On Sept. 6, 2019, McKinley Development, LLC offered
$90,000 contingent on a number of issues including financing and
receipt of an award of Tax Credits from the IHCDA; and  

      c. On July 24, 2020, the City of Connersville offered $10,000
for the Property.

In connection with its evaluation of the offer of $175,000 from
Woda Cooper, the Debtor received a Brokers Opinion of Value from
Erin Losekamp, a Broker with American Heritage Realty, Inc. in
Connersville, Indiana, reviewing comparable sales of commercial
properties in Connersville.  The BOV indicates that the average
sale price for a commercial property in Connersville has been
approximately 57.6% of the tax assessed value of the property.

In the instant case, the proposed Purchase Price is equal to 61.1%
of the tax assessed value of the Property and as set forth in the
BOV, the Purchase Price is "inline with comparable properties of
similar use and age of the improvements and is not out of the norm
when considering sales prices (and offer) to assessed value."  The
Purchase Agreement represents the best purchase offer received by
the Debtor for the Property.   

The sale of the Property on the terms set forth in the Purchase
Agreement is consistent with the terms and the timeline of events
described the Plan and the projections outlined in the Disclosure
Statement to the Plan.   

            About Fayette Memorial Hospital Association

Founded in 1913, Fayette Memorial Hospital Association, Inc. --
https://www.fayetteregional.org/ -- is a multi-faceted health care
organization in Connersville, Indiana.  It offers ambulatory care,
cancer care, care pavilion, dermatology, diagnostic imaging,
emergency care, express care, facial and cosmetic procedures,
hospice care, laboratory services, pediatrics, physical therapy
and
rehabilitation, among other services.  

Fayette Memorial Hospital Association sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ind. Case No.
18-07762) on Oct. 10, 2018.  In the petition signed by CEO Randall
White, the Debtor estimated assets of $10 million to $50 million
and liabilities of $10 million to $50 million.  The case is
assigned to Judge Jeffrey J. Graham.  The Debtor tapped Fultz
Maddox Dickens PLC as its legal counsel.  

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee tapped Fox Rothschild LLP as
its legal counsel.

The official committee of unsecured creditors was appointed on
Dec. 5, 2018.  On Feb. 19, 2021, the Court confirmed the Joint
Plan of Liquidation by which it confirmed the Immaterially
Modified Joint Chapter 11 Plan of Liquidation.  Pursuant to the
Confirmation Order and the Plan, the Committee was dissolved, and
Bernadette Barron of Barron Business Consulting, Inc., was
appointed as the Plan Administrator.



FF FUND: Seeks to Continue Confirmation Hearing to May 21
---------------------------------------------------------
FF Fund I, L.P. and F5 Business Investment Partners, LLC, as
jointly administered files this Ex-Parte Motion for Continuance of
Confirmation Hearing Scheduled for April 26th and 27th, 2021)
Continuance of Hearing on Final Fee Applications, Continuance of
Hearing on Motion to Approve Settlement with Acadaca, LLC and Jason
Feingold, and Extension of Certain Corresponding Confirmation
Deadlines . In support thereof, the Debtors state as follows:

The Debtors and the primary interested parties, including Andrew
Franzone, Dennis Hersch, Richard Grausman, Brian Stein, the Ann
Lewin Revocable Trust, the Kimple 2009 Trust, Lewis Hall, Stalene
Hall, Ashleigh Aungst, Angie Skinner and the Securities and
Exchange Commission (collectively, the "Interested Parties"), have
been coordinating and taking discovery in connection with the
upcoming confirmation hearing.  The discovery process has taken
longer than the parties anticipated.  As a result, the Debtor and
the primary Interested Parties contacted the Court's Courtroom
Deputy and requested, subject to the filing of this Motion, that
the confirmation hearing on the Plans be continued to May 21, 2021
and May 27, 2021, which dates have been reserved on the Court's
calendar (the "Continued Confirmation Hearing").

The Disclosure Statement Order also set April 12, 2021, as the
deadline to object to confirmation (the "Objection Deadline") and
April 21, 2021, as the deadline for the Debtors to file the
Confirmation Affidavit and Confirmation Report (the "Confirmation
Reporting Deadline").  In connection with the Continued
Confirmation Hearing, the Debtors seek an extension of the
Objection Deadline to May 7, 2021 (2 weeks prior to the Continued
Confirmation Hearing) and the Confirmation Reporting Deadline to
May 18, 2021 (3 business days prior to the Continued Confirmation
Hearing).  The Debtors do not seek any other extensions of
deadlines in connection with the Continued Confirmation Hearing.

On April 5, 2021, the Debtors filed their Motion to Approve
Settlement and Compromise of Controversy with Acadaca, LLC and
Jason Feingold (the "Acadaca Motion"). A hearing on the Acadaca
Motion was also scheduled for April 26, 2021. The Debtors seek a
continuance of the hearing on the Acadaca Motion to coincide with
the Continued Confirmation Hearing, including because the Acadaca
settlement is conditioned on confirmation of the Plans as set forth
in the Acadaca Motion.

By this Motion, the Debtors request a continuation of the
confirmation hearing to May 21, 2021, and May 27, 2021, at 9:30
a.m., as the parties need additional time to complete discovery in
connection therewith and expected objections to confirmation.

The Debtors have obtained the agreement of counsel to the
Interested Parties to the relief requested herein, specifically the
continuance of the confirmation hearing to the Continued
Confirmation Hearing.

Additionally, the Parties request: (i) a continuance of the
hearings on the Acadaca Motion and the Final Fee Applications to
May 21, 2021 at 9:30 a.m.; (ii) an extension of the Objection
Deadline to May 7, 2021; and (iii) an extension the Confirmation
Reporting Deadline to May 18, 2021.

Attorneys for the Debtors:

     Paul J. Battista, Esq.
     Heather L. Harmon, Esq.
     GENOVESE JOBLOVE & BATTISTA, P.A.
     100 Southeast Second Street, Suite 4400
     Miami, Florida 33131
     Telephone: (305) 349-2300
     Facsimile: (305) 349-2310
     E-mail: pbattista@gjb-law.com
             hharmon@gjb-law.com

                         About FF Fund

FF Fund I, L.P., is a limited partnership that was formed in August
2010.  FF Fund's general partner is FF Management.  FF Fund's
offering documents identified a broad range of investment
strategies to achieve its stated objectives of "capital
appreciation and current income."

FF Fund has 13 subsidiaries and affiliates that FF Management set
up and routinely evolved over the roughly 10 years since FF Fund's
formation for various accounting, tax, audit, insurance,
regulatory, liquidity, operational, and administrative reasons.

F3 Real Estate Partners, LLC, was established to invest in real
estate primarily from 2011 through 2019.  Prior to the CRO's
appointment, F3 purchased and then sold a residential complex
containing 87 condominium units in West Palm Beach, FL, which sale
transaction closed in May 2019.

F5 Business Investment Partners, LLC, held and currently owns the
majority of the current investments made by FF Fund with monies
received from the Limited Partners.  The investments made by the F5
consisted mainly of (i) illiquid, non-tradeable privately held
shares in early-stage or start-up companies, (ii) minority
interests in real estate partnerships, or (iii) unsecured
promissory notes.

F6 Standard Securities Partners, LLC, held liquid hedge fund
investments.

The remainder of the subsidiaries had nominal investments.

On Sept. 24, 2019, FF Management retained Soneet R. Kapila to
manage FF Fund.  FF Management was and is controlled by Andrew
Franzone.

FF Fund I L.P., an investment company based in Miami, Fla., filed a
voluntary petition for relief under Chapter 11 of Bankruptcy Code
(Bankr. S.D. Fla. Case No. 19-22744) on Sept. 24, 2019.  In the
petition signed by CRO Soneet R. Kapila, the Debtor estimated $50
million to $100 million in assets and $1 million to $10 million in
liabilities.  

On Jan. 24, 2020, F5 Business Investment Partners, LLC, an
affiliate of FF Fund, filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 20-10996).  The case is jointly administered with that of
FF Fund.  At the time of the filing, F5 Business estimated assets
of between $10 million and $50 million and liabilities of between
$1 million and $10 million.

Chief Judge Laurel M. Isicoff oversees the cases.  

Paul J. Battista, Esq., at Genovese Joblove & Battista, P.A., is
serving as the Debtors' legal counsel.

No creditors' committee has been appointed in the case.  In
addition, no trustee or examiner has been appointed.


FOREVER 21: Assets Sold to F21 OpCo; Unsecureds to Get Less 1%
--------------------------------------------------------------
Forever 21, Inc., and its affiliates submitted a Disclosure
Statement for its Second Amended Joint Chapter 11 Plan dated April
20, 2021.

On Feb. 19, 2020, the Debtors accomplished their goal of achieving
a going-concern transaction by closing the sale of substantially
all of their assets to F21 OpCo, LLC (the "Sale").  The Sale
ensured that the Forever 21 brand would continue and thrive beyond
these Chapter 11 Cases.  Since that time, the Debtors, along with
their advisors, have been working diligently to identify and
effectuate a value-maximizing wind-down of the Debtors' estates,
enabling them to exit these Chapter 11 Cases while maximizing value
to Holders of Claims and Interests.

Since the closing of the Sale, the Debtors have been working on
certain value-accretive workstreams to bring in additional value to
their estates for distribution to Holders of Claims. The Debtors
closed on the sale of certain real property (the "Warehouse Sale")
that brought approximately $16.0 million of net available proceeds
for distribution.  The Debtors also received certain tax refunds in
the amount of approximately $22.4 million under the Coronavirus
Aid, Relief, and Economic Security Act and approximately $1.9
million of refunds of certain state income tax prepayments upon the
filing of the Debtors' fiscal 2019 tax returns.

Additionally, the Debtors anticipate receiving certain additional
state tax refunds in the amount of approximately $500,000, proceeds
of a certain Court-approved settlement of intercompany claims
between the Debtors and Forever 21 Korea Retail, LLC in the amount
of approximately $205,000, and proceeds of a certain duty drawback
claim. Such proceeds will be used to fund the distributions
provided for in the Plan.

Class 3A consists of Crossover Unsecured Claims will have a less
than 1% projected recovery plus value of Avoidance Action waiver.
Except to the extent that a Holder of an Allowed Class 3A Claim
agrees to less favorable treatment of its Allowed Class 3A Claim,
in full and final satisfaction, settlement, release, and discharge
of, and in exchange for each Allowed Class 3A Claim: (i) on the
Effective Date, each Holder thereof shall receive its Pro Rata
share of the General Unsecured Claims Recovery; and (ii) on the
Effective Date any Avoidance Actions held by the Debtors or the
Wind-Down Debtors against such Holder will be fully waived,
released, and discharged, and Avoidance Actions held by the Debtors
or the Wind-Down Debtors against Holders of Crossover Unsecured
Claims shall not be Retained Claims or Causes of Action.

Class 3B consists of Other Unsecured Claims will have a less than
1% projected recovery. Except to the extent that a Holder of an
Allowed Class 3B Claim agrees to less favorable treatment of its
Allowed Class 3B Claim, in full and final satisfaction, settlement,
release, and discharge of, and in exchange for each Allowed Class
3B Claim, on the Effective Date, or as soon as reasonably
practicable thereafter, each Holder shall receive its Pro Rata
share of the General Unsecured Claims Recovery.

On the Effective Date, Existing Equity Interests will be canceled,
released, and extinguished, and will be of no further force or
effect and no Holder of Existing Equity Interests shall be entitled
to any recovery or distribution under the Plan on account of such
Interests.

The quantum of the recovery available to Holders of Allowed General
Administrative Claims pursuant to the Administrative and Priority
Tax Claims Recovery is dependent on a number of variables and
conditions.  Those factors include, but are not limited to, the
following:

     * receipt of certain remaining state tax refunds in the amount
of approximately $500,000;

     * proceeds of a certain Court-approved settlement of
intercompany claims between the Debtors and Forever 21 Korea
Retail, LLC in the amount of approximately $205,000; and

     * the aggregate amount of Allowed General Administrative
Claims following reconciliation and objection, as applicable, by
the Debtors or the Plan Administrator, as applicable.

Without limiting the variability of the foregoing and for
illustrative purposes only, the Debtors estimate that Distributable
Cash available for distribution under the Plan could be equal to
approximately $31.7 to $32.2 million. In the event these Chapter 11
Cases are converted to cases under chapter 7 of the Bankruptcy
Code, the Debtors estimate that the Distributable proceeds could be
equal to approximately $25.6 to $27.3 million after taking into
account additional chapter 7 expenses.

The Debtors shall fund distributions under the Plan, with Cash on
hand on the Effective Date, the Wind-Down Amount, and the Tax
Refunds.  Any changes in intercompany account balances resulting
from such transfers will be accounted for and settled in accordance
with the Debtors' historical intercompany account settlement
practices and will not violate the terms of the Plan.

Counsel to the Debtors:

     Joshua A. Sussberg
     Aparna Yenamandra
     KIRKLAND & ELLIS LLP
     601 Lexington Avenue
     New York, New York 10022
     Telephone: (212) 446-4800
     Facsimile: (212) 446-4900

          - and -  

     Anup Sathy
     KIRKLAND & ELLIS LLP
     300 North LaSalle Street
     Chicago, Illinois 60654
     Telephone: (312) 862-2000
     Facsimile: (312) 862-2200

          - and -  

     Laura Davis Jones
     James E. O'Neill
     Timothy P. Cairns
     PACHULSKI STANG ZIEHL & JONES LLP
     919 North Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, Delaware 19899-8705 (Courier 19801)
     Telephone: (302) 652-4100
     Facsimile: (302) 652-4400

                       About Forever 21

Founded in 1984 by South Korean husband and wife team Do Won Chang
and Jin Sook Chang and headquartered in Los Angeles, Calif.,
Forever 21, Inc. -- http://www.forever21.com/-- is a fast-fashion
retailer of women's, men's and kids clothing and accessories and is
known for offering the hottest, most current fashion trends at a
great value to consumers. Forever 21 delivers a curated assortment
of new merchandise brought in daily.

Forever 21, Inc. and seven of its U.S. subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-12122) on Sept.
29, 2019. According to the petition, Forever 21 has estimated
liabilities on a consolidated basis of between $1 billion and $10
billion against assets of the same range.  

As of the bankruptcy filing, the Debtors operated 534 stores under
the Forever 21 brand in the U.S. and 15 stores under beauty and
wellness brand, Riley Rose.

The Debtors tapped Kirkland & Ellis LLP as legal advisor; Alvarez &
Marsal as restructuring advisor; and Lazard as investment banker;
and Pachulski Stang Ziehl & Jones LLP as local bankruptcy counsel.
Prime Clerk is the claims agent.

Andrew Vara, acting U.S. trustee for Region 3, appointed a
committee of unsecured creditors on Oct. 11, 2019.  The committee
is represented by Kramer Levin Naftalis & Frankel LLP and Saul
Ewing Arnstein & Lehr LLP.

Counsel to the administrative agent under the Debtors' prepetition
revolving credit facility and the Debtors' DIP ABL financing
facility are Morgan, Lewis & Bockius LLP and Richards, Layton &
Finger, PA.

Counsel to the administrative agent under the Debtors' DIP term
loan facility is Schulte Roth & Zabel LLP.

                          *     *     *

In February 2020, the company was purchased by a consortium that
includes Authentic Brands Group, Simon Property Group and
Brookfield Property Partners for $81.1 million.  As part of the
deal, ABG and Simon will each own 37.5% of the fast-fashion
retailer, while Brookfield controls the remaining 25% of Forever
21's operating and intellectual property businesses.


FRONTDOOR INC: S&P Affirms 'BB-' ICR, Alters Outlook to Positive
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issuer credit rating on U.S.
market-leading home-service plan provider Frontdoor Inc. and
revised the outlook to positive from stable. At the same time, S&P
affirmed its 'BB-' debt rating on Frontdoor's first-lien credit
facility ($250 million revolver due 2023 and $650 million term loan
due 2025) with a recovery rating of '3'. S&P also affirmed its 'B'
debt rating on the company's $350 million unsecured note due 2026
with a recovery rating of '6'.

The positive outlook reflects Frontdoor's deleveraging trajectory,
supported by resilience in 2020, double-digit growth expected in
2021, and solid cash generation. The company performed well in 2020
amid economic disruption and the COVID-19 pandemic, enabling modest
de-levering, and we expect further leverage improvements in 2021.

S&P said, "The positive outlook reflects our expectation that
Frontdoor will achieve top-line growth of 10%-12%, maintain stable
EBITDA margins of 17%-18%, and generate strong cash flows resulting
in net debt to EBITDA of 1.5x-2.0x in 2021 and EBITDA coverage
above 5.0x. We expect Frontdoor to maintain its dominant presence
in the home-service plan market, supported by its significant
contractor base and enhanced technological capabilities relative to
peers, while gradually expanding its addressable market through its
emerging businesses, Streem and ProConnect.

"We could affirm the ratings and revise the outlook to stable if
the company chooses to deploy excess capital to sustain leverage
above 2.0x and EBITDA coverage of 4.5x-5.0x.

"Additionally we could lower our ratings on Frontdoor in the next
12 months if earnings or credit metrics deteriorate, resulting in
debt to EBITDA above 3x and/or coverage below 4.0x. This could
occur if earnings fall due to lost market share or compressed
margins from increased operational costs and undisciplined growth
efforts, or if the company adopts a more aggressive financial
policy.

"We could raise our ratings in the next 12 months if we expect
Frontdoor to maintain a less-aggressive strategy with leverage
sustainably below 2.0x and coverage near 6.0x. We could also raise
our ratings if Frontdoor expands its geographic footprint through
greater revenue split by state, boosts market penetration via its
direct-to-consumer channel, and starts to experience meaningful
accretive benefits from its on-demand platform buildout."



GENEVER HOLDINGS: Seeks July 12 Plan Exclusivity Extension
----------------------------------------------------------
Debtor Genever Holdings, LLC requests the U.S. Bankruptcy Court for
the Southern District of New York to extend by 90 days the
exclusive periods during which the Debtor may file a plan of
reorganization and to solicit acceptances until July 12, 2021, and
September 9, 2021, respectively.

The Debtor has been working diligently with Pacific Alliance Asia
Opportunity Fund L.P. ("PAX") and Bravo Luck Ltd. on finalizing a
comprehensive sale framework that is designed to promote a
transparent and coordinated marketing effort under the stewardship
of Melanie Cyganowski, Esq. as the duly appointed Sales Officer, to
oversee the sale process. A hearing is currently scheduled for
April 27, 2021, to consider both the settlement and the retention.

The most likely scenario is that the Residence will be sold under,
or in connection with, a Chapter 11 plan process. Moreover, the
expectation is that the marketing of the Residence will take many
months to complete.

The Debtor owns the entire 18th Floor Apartment and auxiliary units
in the Sherry Netherland Hotel located at 781 Fifth Avenue, New
York, NY 10022 (the "Residence"). The Residence is a unique asset
and will require a significant effort in order to maximize value.
To help facilitate achieving the maximum value, a unified plan
needs to be negotiated and developed in conjunction with the
marketing process. Thus, maintaining exclusivity will add to the
overall stability of the Chapter 11 case, and cause thereby exists
to grant the requested extension.

By the end of the additional 90 days, the Debtor anticipates that
the marketing effort will be well underway, at which time the
Debtor, the Court, and all creditors and interested parties will be
in a better position to evaluate the next steps.

A copy of the Debtor's Motion to extend is available at
https://bit.ly/3tKs9Ob from PacerMonitor.com.

                            About Genever Holdings

Genever Holdings is the owner of the entire 18th Floor Apartment
and auxiliary units in the Sherry Netherland Hotel located at 781
Fifth Avenue, New York, NY 10022.

Genever Holdings LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
20-12411) on October 12, 2020.  The petition was signed by Yanping
Wang, authorized representative.  At the time of filing, the Debtor
estimated $50 million to $100 million in both assets and
liabilities.  

Judge James L. Garrity Jr. is the case judge. Kevin J. Nash, Esq.,
at Goldberg Weprin Finkel Goldstein LLP serves as the Debtor's
counsel.


GI CONSILIO: S&P Assigns 'B-' ICR on Leveraged Buyout
-----------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to the
newly formed GI Consilio Parent LLC, in line with its previous
ratings for Consilio. The outlook is stable.

S&P said, "We also assigned a 'B-' issue-level rating and '3'
recovery rating to Consilio's proposed $1.01 billion first-lien
term loan and $75 million revolver. Additionally, we assigned a
'CCC' rating and '6' recovery rating to Consilio's proposed $300
million second-lien term loan.

"The stable outlook on Consilio reflects our view that adjusted
leverage will remain 6.5x-7.5x over the next year. This is
supported by its solid performance in a difficult 2020, which we
expect to continue, and its history of successfully navigating
often complex integration processes."

Private equity sponsor Stone Point Capital is acquiring Washington,
D.C.-based legal process outsourcing provider GI Consilio Parent
LLC (doing business as Consilio) in a leveraged buyout for $1.7
billion.

Concurrently, Aquiline Capital Partners is acquiring Xact Data
Discovery (XDD), a Mission, Kan.-based data management and review
services provider for law firms and corporations for approximately
$660 million.

Consilio and XDD will merge and the combined company will continue
to operate under the Consilio name. Its new capital structure will
include a $1.01 billion, seven-year first-lien term loan; $300
million, eight-year second-lien term loan; and $75 million,
five-year revolving credit facility, undrawn at closing.

S&P said, "Despite the sharp increase in debt, we expect Consilio
will deleverage below 7x in the next 12 months. Following the
transaction, we expect adjusted leverage will increase to over 7x
from 6.3x as of Sept. 30, 2020. However, we anticipate the company
will deleverage below 7x in the next 12 months on the realization
of $10 million-$15 million of acquisition synergies and the
conclusion of roughly $10 million of integration costs. We expect
most synergies from the XDD acquisition to come from general and
administrative support functions, overlapping management structure,
and technology savings on duplicative software licenses. We view
the merger favorably, as the combined business will benefit from
increased scale, provide complementary product offerings in
e-discovery and document review, as well as cross-selling
opportunities for existing customers. Customer overlap is expected
to be about 5%. There is integration risk however, particularly
around sales force realignment, which adds some uncertainty to our
forecast. Additionally, we have seen large increases in working
capital related to acquisitions in the legal process outsourcing
space, which could decrease cash flow in the near term. We believe
Stone Point and Acquiline will prioritize free cash flow use for
acquisitions, with the potential for further debt funded
acquisitions or dividends.

"Consilio demonstrated solid operating performance throughout the
recent pandemic, and we expect low- to mid-single-digit percent
organic revenue growth in both its eDiscovery and document review
segments over the next 12-24 months. There was limited impact from
court closures related to the COVID-19 pandemic. The percentage of
subscription-based revenues increased from current customers using
more review services and new customer wins. Despite more recurring
revenues, roughly 80% of revenue remains transactional, driven by
the volume of legal matters and new customer wins, providing
limited visibility into future revenues. Consilio has a strong
pipeline of new business, partially offsetting the transactional
nature of revenue.

"We expect both the eDiscovery business and document review will
benefit from pent-up demand in 2021 and increased second requests
around mergers and acquisitions, with pandemic-related litigation
expected to increase in 2022. Further, a new presidential
administration more focused on regulation, specifically for big
technology companies, should support demand for legal process
outsourcing services. Revenue for Consilio's two largest
competitors, Epiq Systems Inc. (owned by parent DTI Holdco Inc.;
CCC+/Negative) and KLDiscovery Inc. (unrated), sharply declined in
2020. However, Consilio continued gaining market share.

"We expect margin compression for the combined company in 2021,
driven by integration costs and pricing pressure in eDiscovery. We
forecast gross margin contraction in the segment in the next
several years, given the commoditized nature of Consilio's services
and a highly competitive and fragmented industry. We believe
document review gross margins will be pressured in 2021 as well, as
some complex, high-margin legal matters from 2020 conclude. Pricing
from document review work is driven by whether the work is
conducted onshore versus offshore, with a premium charged to
onshore work. Margins may also be impacted by the company's use of
third-party software from Relativity, as a large percentage of
eDiscovery work uses this platform, and Relativity has emerged as a
competitor in the eDiscovery services industry.

"Our stable outlook on Consilio reflects our view that adjusted
leverage will remain 6.5x-7.5x over the next year. This is
supported by the company's solid performance in a difficult 2020,
which we expect to continue, and its history of successfully
navigating often complex integration processes.

"We could lower our rating on Consilio if its operating performance
falls short of our expectations. This could result from a sharp
decline in enterprise customer demand for eDiscovery services or
diminished or smaller new case work. We could also lower the rating
if the company uses a material amount of its liquidity sources to
fund an acquisition. Specifically, this would be if:

-- S&P considered the company's capital structure unsustainable;

-- S&P considered the company's liquidity position less than
adequate; or

-- S&P expected a debt restructuring or payment default.

S&P could raise its rating if Consilio's high-margin eDiscovery
business outpaced its growth expectations and the company continued
to extend its leading market share position. S&P would also require
the company to maintain a financial policy that would support:

-- Adjusted leverage sustained below 6.5x;
-- Free operating cash flow to debt greater than 7%.



GL BRANDS: Fine-Tunes $1.31-Million Merida Sale Plan
----------------------------------------------------
GL Brands, Inc., f/k/a Freedom Leaf, Inc., and its
debtor-affiliates filed with the U.S. Bankruptcy Court for the
Northern District of Texas a Second Amended Joint Chapter 11 Plan
of Reorganization and a corresponding Disclosure Statement.  

The Plan contemplates the sale to the highest bidder of the right
to receive 100% of the new, to-be issued Equity Interests in the
reorganized Debtors on the Effective Date of the Plan.  Merida
Capital Partners III, LP, Merida Capital Partners III QP, LP, and
affiliates, pursuant to a Stalking Horse Bid agrees to purchase the
Assets for consideration the Debtors valued at $1,314,019, which
will be paid through a combination of cash, forgiveness of existing
secured debt, and voluntary subordination of unsecured debt.

Merida will then receive the New Equity Interests in the
reorganized Debtors directly in exchange for the satisfaction of
the DIP Loan, the Existing Secured Claim, and more than $6,400,000
in General Unsecured Claims against the Debtors.  The Plan will
foster the rehabilitation of the Debtors' business by removing
approximately $15,400,000 of debt from their balance sheets.

Under the Plan, claims and interests will be treated as follows:

(a) Class 1 Merida Existing Secured Claim.

   * If Merida purchases the Assets, the acceptance of the Assets
shall satisfy the Existing Secured Claim in full.

   * If a bidder other than Merida (whether as Stalking Horse
Bidder or as Successful Bidder at the Auction) purchases the
Assets, the Debtors shall pay off the Class 1 Existing Secured
Claim in cash on the Effective Date, or as soon as practicable
thereafter, with interest at the contract rate, but without default
interest, late fees, or attorneys' fees.  The Existing Secured
Creditor shall retain its liens on the property of the Debtors
until paid.

(b) Classes 3 to 7 General Unsecured Claims against each of the
debtor-affiliates, as follows:

   * Class 3 General Unsecured Claims against GL Brands
   * Class 4 General Unsecured Claims against The Texas Wellness
Center
   * Class 5 General Unsecured Claims against ECS Labs
   * Class 6 General Unsecured Claims against B & B Aesthetics
Labs
   * Class 7 General Unsecured Claims against Leafceuticals

Allowed General Unsecured Claims will receive approximately 1.25%
in distribution under the sale of the assets for the Merida
Stalking Horse Bid.  The Debtors estimate the allowed General
Unsecured Claims in Class 3 to be approximately $14,400,000.

(c) Class 8 Equity Interests consist of the rights of the Debtors'
existing Equity Interest Holders.  Under the Plan, Class 8 Equity
Interests will be cancelled, and new Equity Interests in the
Reorganized Debtors will be issued to the purchaser of the Assets.


If an auction occurs and the assets are sold to the successful
bidder (other than Merida), proceeds of the auction will be used
first to repay DIP Loan, the Class 1 Pre-Existing Secured Claim,
the Break-Up Fee, if any, and other Allowed Administrative Claims
not otherwise paid through the Debtors' DIP Loan or available
Cash.

The remaining proceeds will be divided among the Debtors in
proportion to their Allowed General Unsecured Claims.  The
estimated allocation among the Debtors is GL Brands 78.18%; The
Texas Wellness Center 13.88%; ECS Labs 5.29%; B & B Aesthetics Labs
1.03%; and Leafceuticals 1.61%.  The Debtors will use their
allocated share of the sale proceeds to make a pro-rata
Distribution to the Holders of Allowed Unsecured Claims against the
particular Debtor.  The pro-rata Distribution will be in full
satisfaction of said Claims.

The Debtors reserve the right to request the Bankruptcy Court to
confirm the Plan pursuant to Section 1129(b) of the Bankruptcy Code
in the event any impaired Class of claimants shall fail to accept
this Plan according to Section 1129(a) of the Bankruptcy Code.
  
The confirmation hearing is scheduled before the Honorable Edward
Lee Morris, United States Bankruptcy Judge for the Northern
District of Texas, on May 20, 2021, at 2:00 p.m. (CDT) by WebEx.

Ballots to accept or reject the Plan must be turned in no later
than 5:30 p.m. (CDT) on May 17, 2021, to the Debtors' counsel:

    Robert A. Simon, Esq.
    Whitaker Chalk Swindle & Schwartz, PLLC
    301 Commerce Street, Suite 3500
    Fort Worth, TX 76102
    Telephone: (817) 878-0543
    Facsimile: (817) 878-0501
    Email: rsimon@whitakerchalk.com

A copy of the Second Amended Disclosure Statement is available free
of charge at https://bit.ly/3tCBgR0 from PacerMonitor.com.

                         About GL Brands

GL Brands -- https://www.glbrands.com/ -- formerly d/b/a Freedom
Leaf, is a global hemp consumer packaged goods company engaged in
the development and sale of cannabis-derived wellness products.
Through its premier brands Green Lotus and Irie CBD, GL Brands
delivers a full portfolio of hemp-derived CBD products, including
tinctures, soft gels, gummies, sparkling beverages, vapes, flower
and topical segments to promote greater wellness and balance, in
the U.S. and throughout the world.

On Dec. 17, 2020, GL Brands, Inc. et al sought Chapter 11
protection (Bankr. N.D. Tex. Lead Case No. 20-43800).  GL Brands
disclosed total assets of $100,000 to $500,000 and total
liabilities of $10 million to $50 million.  The petition was signed
by CEO Carlos Frias.

Judge Edward L. Morris oversees the case.

The Debtors tapped Robert A. Simon, Esq., at Whitaker Chalk Swindle
and Schwartz, as bankruptcy counsel.


GL BRANDS: To Seek Plan Confirmation on May 20
----------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
approved conditionally the Second Amended Disclosure Statement to
the Second Amended Joint Plan of Reorganization of GL Brands and
its affiliated Debtors as containing adequate information for
holders of claims in impaired classes to make an informed decision
on whether to vote to accept or reject the Plan.

The deadline for filing and serving objections to the Disclosure
Statement and Plan confirmation is May 17, 2021, at 5:30 p.m., CDT.
The deadline to vote to accept or reject the Plan is also on May
17, 2021, at 5:30 p.m. (CDT).

The combined hearing to approve the Disclosure Statement and
confirm the Plan is on May 20, 2021, at 2:00 p.m. (CDT) before the
Honorable Edward Lee Morris of the Northern Texas Bankruptcy Court,
Fort Worth Division.

A copy of the order is available for free at https://bit.ly/3dFN7s7
from PaceMonitor.com.

                         About GL Brands

GL Brands -- https://www.glbrands.com/ -- formerly d/b/a Freedom
Leaf, is a global hemp consumer packaged goods company engaged in
the development and sale of cannabis-derived wellness products.
Through its premier brands Green Lotus and Irie CBD, GL Brands
delivers a full portfolio of hemp-derived CBD products, including
tinctures, soft gels, gummies, sparkling beverages, vapes, flower
and topical segments to promote greater wellness and balance, in
the U.S. and throughout the world.

On Dec. 17, 2020, GL Brands, Inc., et. al, sought Chapter 11
protection (Bankr. N.D. Tex. Lead Case No. 20-43800).  GL Brands
disclosed total assets of $100,000 to $500,000 and total
liabilities of $10 million to $50 million.  The petition was signed
by CEO Carlos Frias.

Judge Edward L. Morris oversees the case.

The Debtors tapped Robert A. Simon, Esq., at Whitaker Chalk Swindle
and Schwartz, as bankruptcy counsel.


GLASS MOUNTAIN: S&P Lowers ICR to 'CC' on Likely Default
--------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Glass
Mountain Pipeline LLC to 'CC' from 'CCC'. At the same time, S&P
lowered its issue-level rating on the company's term loan B to 'CC'
from 'CCC'. The '3' recovery rating is unchanged, indicating its
expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery in the event of a payment default.

The negative outlook reflects S&P's expectation that a default or
restructuring is inevitable.

S&P said, "The downgrade reflects our view that a default is a
virtual certainty. We expect Glass Mountain will likely breach the
1.1x minimum debt service coverage ratio covenant on its $300
million term loan B when it submits its compliance certificate for
the period ended March 31, 2021, unless its financial sponsor,
BlackRock Inc., provides an equity cure. However, even with that,
we still believe the company's capital structure is unsustainable
and that it will miss an interest payment, file for bankruptcy, or
complete a distressed debt exchange or restructuring. Glass
Mountain has engaged debt advisers and its bond investors and
BlackRock are negotiating the capital structure. Furthermore, its
bonds trade at a steep discount to par, increasing the likelihood
of a distressed debt exchange or a transaction we would likely view
as a default.

"The negative outlook reflects our expectation that a default or a
restructuring of the term loan B is a virtual certainty. We expect
Glass Mountain will miss an interest payment, file for bankruptcy,
or complete a distressed debt exchange, debt restructuring, or
similar transaction we would view as a default or selective
default.

"We could lower our ratings on Glass Mountain if the company misses
an interest payment, files for bankruptcy, or completes a
distressed debt exchange.

"We could consider a positive rating action if we no longer expect
the company to default on its debt obligations."



GLOW HOSPITALITY: May Use Pender Cash Collateral
------------------------------------------------
Judge Michael E. Ridgway of the U.S. Bankruptcy Court for the
District of Minnesota authorized Glow Hospitality, LLC to use the
cash collateral of Pender East Credit 1 REIT, L.L.C., and Pender
Capital Asset Based Lending Fund I, LP, following an agreement
reached by the parties.  Pender is entitled to the adequate
protection of its interest in the cash collateral for any
diminution arising from the Debtor's use of the collateral.

              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., of Tanabe Law Firm, and Caren L. Stanley, Esq., at Vogel Law
Firm.


GOEASY LTD: S&P Assigns 'BB-' Rating on $320MM Sr. Unsecured Notes
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' debt rating to goeasy Ltd.'s
proposed issuance of $320 million senior unsecured notes due 2026.
S&P expects the company to use proceeds from the transaction to
fund the acquisition of LendCare Holdings Inc. Although it expects
the LendCare acquisition to raise goeasy's leverage above 2.75x as
measured by debt to adjusted total equity (ATE), S&P expects the
company will reduce leverage over the medium term and view
favorably the issuance of equity as part of the acquisition
financing.

S&P said, "The stable outlook reflects our expectation that over
the next 12 months, goeasy will maintain its solid market position
in nonprime consumer lending and lease financing while diversifying
its funding profile through its acquisition of LendCare. Our
base-case scenario assumes that while debt to ATE will be
2.75x-3.25x after the acquisition, the company will make efforts to
reduce leverage over the coming quarters. The outlook also
incorporates our expectation that the company will continue to
operate with net charge-offs below 15%.

"We could lower the ratings over the next 12 months if debt to ATE
rises above 3.25x on a sustained basis and the company is not
successful in executing its capital-raising plan. We could also
lower the ratings if the company's operating performance materially
deteriorates.

"We could raise the ratings if the company maintains stable credit
performance in its loan portfolio, successfully diversifies its
funding profile, and maintains debt to ATE under 2.75x."


GOGO INC: Provides Preliminary First Quarter Results
----------------------------------------------------
In connection with its ongoing discussions with potential lenders
regarding the refinancing transaction it announced on April 1,
2021, Gogo Inc. is providing the following preliminary financial
results and other current information:
  
For the three months ended March 31, 2021:

   * Service revenue of approximately $59 million, equipment
revenue
     of approximately $14 million and total revenue of
approximately
     $73 million

   * Net loss in the range of $(12) million to $(4) million

   * Adjusted EBITDA of approximately $33 million, which reflects a

     delay in certain budgeted operating expenses now expected to
be  
     incurred in future quarters

As of April 14, 2021:

   * Cash and cash equivalents of $461 million

   * Long-term indebtedness consisting of the following:

       - $975 million aggregate principal amount outstanding of
         9.875% Senior Secured Notes

       - $103 million aggregate principal amount outstanding of
         6.000% Convertible Senior Notes

       - 109,609,905 total shares of common stock outstanding

The Company will release its complete financial results for the
first quarter of 2021 before the market opens on May 6, 2021, and
will host a conference call with financial analysts the same day at
8:30 a.m. (ET).

                          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.


GRIDDY ENERGY: Customers Who Sign Releases Won't Have to Pay Bills
-------------------------------------------------------------------
Griddy Energy LLC submitted an Amended Plan of Liquidation and a
Disclosure Statement.

Griddy is a retail electric provider ("REP") in Texas which
provided its customers the ability to purchase wholesale
electricity with no mark-up.  Prior to the events that precipitated
this chapter 11 case, Griddy had approximately 29,000 customers in
Texas and approximately 30 employees.  As a result of the forced
transitioning of customers to a Provider of Last Resort ("POLR")
commencing on Feb. 26, 2021, by the Electric Reliability Council of
Texas ("ERCOT"), Griddy currently has no customers and, as of the
Petition Date, had reduced its employee headcount to 16.  The
Debtor has filed this case to pursue a chapter 11 plan of
liquidation and implement a wind-down of its business.

The liquidation and orderly wind-down provided for in the Plan will
result in the distribution of the Debtor's assets to its creditors
and interest holders consistent with the priorities set forth in
the Bankruptcy Code.

The Plan provides, among other things, that:

     * The Debtor's secured lender will, for the benefit of the
Debtor's estate: (a) forego receipt of approximately $550,000 of
the principal face amount owed to it by the Debtor in favor of
other creditors in accordance with the terms of the Plan) and (b)
receive interest at the non-default contract rate (rather than
seeking to collect default interest from the Petition Date to the
Effective Date);

     * Holders of Allowed Class 5 Customer Claims (i.e., former
customers of the Debtors):

        (a) will have the opportunity to receive releases from the
Debtor and the other Released Parties for all claims, including,
for unpaid amounts owed by such former customers for the
electricity and related fees, taxes, expenses and other costs due
as a result of the winter storm event that occurred in mid-February
2021 in Texas (commonly referred to as "Winter Storm Uri"), in
exchange for such former customers giving the Released Parties a
release of all claims the former customers have or may have against
the Released Parties.

        (b) for those former customers that:

            - do not opt out of the mutual releases; and

            - paid the Debtor for electricity consumed by such
Participating Customer (i.e., a former customer that votes to
accept the Plan or abstains from voting on the Plan) during the
period Feb. 13, 2021, through Feb. 19, 2021, and timely and
properly files a proof of claim for such amount as reflected on the
Debtor's books and records by the Former Customers Bar Date in
accordance with the Former Customers Bar Date Order, such former
customer would have an Allowed Claim in Class 5 in such amount,
less any amounts such Participating Customer successfully disputed
and received a full or partial refund from such Participating
Customer's credit card company (to the extent not accounted for in
the Debtor's books and records).

            Any former customer that does not wish to exchange
releases will be considered a "Non-Participating Customer" and will
not be treated as having an Allowed Class 5 Customer Claim. Rather,
such Non-Participating Customer would have a temporarily Allowed
Claim in Class 4 (Other General Unsecured Claims) for purposes of
voting on the Plan. For all other purposes, if the
Non-Participating Customer timely and properly files an unsecured
nonpriority claim against the Debtor by the applicable Bar Date in
accordance with the applicable Bar Date Order, the
Non-Participating Customer will be treated as a holder of Other
General Unsecured Claims.  Other than for purposes of voting on the
Plan, any former customer that does not wish to exchange releases
and does not timely and properly file a proof of claim against the
Debtor shall not have either a Class 4 Claims (Other General
Unsecured Claims) or Class 5 Claims (Customer Claims) against the
Debtor;

     * Holders of Allowed Other General Unsecured Claims will
receive on a Pro Rata basis (i) the aggregate amount of Available
Cash of the Debtor and (ii) any Net Recovery Proceeds, provided
that, with respect to any Causes of Action arising from, relating
to or in connection with the winter storm event that occurred in
Texas in mid-February 2021, holders of Allowed Other General
Unsecured Claims will share any recoveries therefrom (net of all
costs and expenses) on a Pro Rata basis with the holders of Allowed
Class 5 Participating Customer Claims on account of their Allowed
Participating Customer Potential Return Claims;5 and

      * The Debtor will appoint a plan administrator (the "Plan
Administrator") and, upon the Effective Date, the Liquidating
Debtor will enter into a Plan Administrator Agreement with the Plan
Administrator and the sole interest in the Liquidating Debtor will
vest in the Plan Administrator.  The Plan Administrator will act as
a fiduciary and will have full authority to administer the
liquidation and wind-down of the Debtor under the provisions of the
Plan, including to (i) make Distributions to holders of Claims set
forth in the Plan; (ii) object to, dispute, compromise or settle
the amount, validity, priority, treatment or Allowance of any
Claim; (iii) sell, abandon or dispose of any remaining property of
the Debtor; and (iv) pursue any Causes of Action consistent with
the provisions of the Plan.

Attorneys for the Debtor:

     David Eastlake
     BAKER BOTTS L.L.P.
     910 Louisiana Street
     Houston, Texas 77002
     Telephone: (713) 229.-1234
     Facsimile: (713) 229.-1522
     Email: david.eastlake@bakerbotts.com

              - and -

     Robin Spigel
     Chris Newcomb
     BAKER BOTTS L.L.P.
     30 Rockefeller Plaza
     New York, New York 10112-4498
     Telephone: (212) 408-2500
     Facsimile: (212) 408-2501
     E-mail: robin.spigel@bakerbotts.com
             chris.newcomb@bakerbotts.com

A copy of the Disclosure Statement is available at
https://bit.ly/3v6sVW7 from PacerMonitor.com.

                        About Griddy Energy

California startup Griddy Energy is an American power retailer that
formerly sold energy to people in the state of Texas at wholesale
prices for a $9.99 monthly membership fee and had approximately
29,000 members.  Griddy was a feature of Texas' unusual,
deregulated system for electric power.  The vast majority of Texans
-- and Americans -- pay a fixed rate for electric power and get
predictable monthly bills. However, Griddy works by connecting
customers to the wholesale market for electricity, which can change
by the minute and is more volatile, for a monthly fee of $9.99.

During February 2021's winter storm in Texas, power generators
failed and demand for heating shot up.  In response, ERCOT raised
the price of electricity to the legal limit of $9 per kilowatt-hour
and kept it there for several days. Griddy customers who didn't
lose power were hit with massive electric bills that were
auto-debited from their bank accounts.

State grid operator ERCOT at the end of February 2020 cut off the
Griddy's access to customers for unpaid bills following the Texas
freeze. The Texas attorney general also said it is suing Griddy,
saying it engaged in deceptive trade practices by issuing excessive
bills.

Griddy Energy filed a chapter 11 bankruptcy petition (Bankr. S.D.
Tex. Case No. 21-30923) on March 15, 2021.

Griddy estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities as of the bankruptcy filing.

Griddy is represented by Baker Botts LLP as legal counsel.  Griddy
is represented by Crestline Solutions, LLC and Scott Pllc as public
affairs advisors.  Stretto is the claims agent.


GROUND OPTIONS: May Use Cash Collateral Thru End of May
-------------------------------------------------------
Judge Carol A. Doyle granted Ground Options, LLC continued access
to cash collateral through May 31, 2021.  Judge Doyle entered an
order extending the effectivity of the interim order authorizing
the Debtor to obtain a post-petition financing.  The Debtor may use
the cash collateral during the interim period to the extent
post-petition financing is unavailable.

Final hearing is set for May 13, 2021 at 10:30 a.m.

                      About Ground Options

Ground Options, LLC sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 20-19706) on Nov. 3, 2020.  The petition was signed by
William Maulsby, the CEO and managing partner.  At the time of the
filing, the Debtor was estimated to have $50,000 to $100,000 in
assets and $1 million to $10 million in liabilities.

Ground Options, LLC, is in the business of providing ground
transportation options and solutions for various groups including
collegiate athletics.  In the recent past, the Debtor has provided
logistics services for numerous college athletic conferences, the
NCAA championships, and the Big Ten Basketball Championships.
Other events for which the Debtor provided such services include
the Presidential Inauguration, the Papal visit and the NBA All Star
events.

Judge Carol A. Doyle oversees the case.

The Debtor tapped Burke, Warren, Mackay & Serritella, P.C., as
counsel and Advantage Bookkeeping Professionals, Inc. as
accountant.



H. EDWARD PARIS DDS: Seeks to Hire Fife M. Whiteside as Counsel
---------------------------------------------------------------
H. Edward Paris, DDS seeks approval from the U.S. Bankruptcy Court
for the Middle District of Georgia to hire Fife M. Whiteside, PC as
its legal counsel.

The firm will render these services:

     a. advise the Debtor with respect to its power and duties in
the continued operation of its business and management of its
property;

     b. prepare legal papers;

     c. continue existing litigation and conduct examinations
incidental to the administration of the Debtor's estate;

     d. assist with the preparation and filing of a statement of
financial affairs, schedules and lists;

     e. take any action for the proper preservation and
administration of the estate;

     f. take whatever action necessary in connection with the use
of the Debtor's property pledged as collateral;

     g. assert claims held by the Debtor;

     h. assist the Debtor in connection with claims for taxes made
by governmental units; and

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

The firm will charge $250 per hour for its services. It received a
retainer in the amount $10,000.

Fife M Whiteside neither holds nor represents any interest
materially  adverse to the interests of the Debtor's estate,
creditors or equity security holders, according to court papers
filed by the firm.

The firm can be reached through:

     Fife M. Whiteside, Esq.
     Fife M. Whiteside PC
     1124 Lockwood Ave
     Columbus, GA 31906-2416
     Tel: 706-320-1215
     Fax: 706-320-1217
     Email: whitesidef@mindspring.com

                     About H. Edward Paris, DDS

H. Edward Paris, DDS, P.C., an endodontics practice in Columbus,
Ga., filed its voluntary petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Ga. Case No. 21-40150) on April 8,
2021.  H. Edward Paris, authorized representative, signed the
petition.  At the time of the filing, the Debtor had $50,000 to
$100,000 in assets and $1 million to $10 million in liabilities.
Fife M. Whiteside PC represents the Debtor as legal counsel.


HAWKEYE ENTERTAINMENT: June 16 Plan Confirmation Hearing Set
------------------------------------------------------------
On April 7, 2021, the U.S. Bankruptcy Court for the Central
District of California, conducted a hearing to consider the
adequacy of the Disclosure Statement describing Plan of
Reorganization proposed by Debtor, Hawkeye Entertainment, LLC.

On April 20, 2021, Judge Maureen A. Tighe approved the Disclosure
Statement and ordered that:

     * June 16, 2021, at 1:00 p.m., in Courtroom 302, U.S.
Bankruptcy Court, 21041 Burbank Boulevard, Woodland Hills,
California 91367 is the Confirmation Hearing.

     * May 24, 2021, at 5:00 p.m., is the deadline by which ballots
to accept or reject the Plan must be received by the Ballot
Tabulator.

     * May 24, 2021, is the deadline by which any party objecting
to confirmation of the Plan must file and serve its objection and
evidence in support.

     * May 28, 2021, is the deadline for any party to indicate if
witnesses will be necessary for cross-examination at the
Confirmation Hearing.

     * June 7, 2021, is the deadline by which the Debtor's
memorandum and evidence in support of confirmation of the Plan and
reply to any objection to Confirmation of the Plan must be filed
and served.

     * June 7, 2021, is the deadline for the Debtor to file its
Plan Ballot Summary.  

A full-text copy of the order dated April 20, 2021, is available at
https://bit.ly/3gvAWzU from PacerMonitor.com at no charge.

Attorneys for Hawkeye Entertainment:

     Sandford L. Frey
     Dennette A. Mulvaney
     LEECH TISHMAN FUSCALDO & LAMPL, INC.
     200 S. Los Robles Avenue, Suite 300
     Pasadena, California 91101
     Telephone: (626) 796-4000
     Facsimile: (626) 795-6321
     E-mail: sfrey@leechtishman.com;
             dmulvaney@leechtishman.com

                    About Hawkeye Entertainment

Hawkeye Entertainment, LLC's most valuable asset is a written lease
agreement, along with its First Amendment, for the first four
floors and basement of the real property commonly known as the
Pacific Stock Exchange Building located at 618 S. Spring Street, in
Los Angeles, California.  Hawkeye is a holding company for the
Lease, which is sublet to a related entity.  The business of the
related sublease operates an event venue in downtown Los Angeles
for private parties, corporate events, live entertainment, fashion
shows, and more. Hawkeye previously filed a Chapter 11 petition on
Sept. 30, 2013 (Bankr. C.D. Cal. Case No. 13-16307) due to disputes
with its landlord.

Hawkeye sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 19-12102) on Aug. 21, 2019.  At the time
of the filing, the Debtor disclosed assets ranging between $1
million to $10 million and liabilities of the same range.  The
petition was signed by Adi McAbian, president of Saybian Gourmet,
Inc., a member of Hawkeye Ent.

Previously, Judge Victoria S. Kaufman was assigned to the case, but
now Judge Maureen A. Tighe oversees the case.  Sandford L. Frey,
Esq., at Leech Tishman Fuscaldo & Lampl, Inc., is the Debtor's
legal counsel.


HERITAGE CHRISTIAN: Wins Cash Collateral Access Thru June 10
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Ohio,
Eastern Division, has entered a Second Stipulation and Order
extending the interim order authorizing Heritage Christian Schools
of Ohio, Inc. to use cash collateral in accordance with the budget
through June 10, 2021.

Except as otherwise provided in the Second Stipulation and Order,
the terms of the Interim Order will be valid and binding upon the
Debtor, all creditors of Debtor and all other parties-in-interest
from and after the date of the Interim Order and the Second
Stipulation and Order. Nothing in the Second Stipulation and Order
be construed to alter, modify, waive, stay, condition, or amend any
other provision, any finding of fact or any conclusion of law set
forth in the Interim Order. In the event the Court modifies any of
the provisions of the Interim Order, such modifications will not
affect the rights and priorities of Quest Solutions, Inc. with
respect to the Cash Collateral.

A further hearing on the matter is scheduled for June 8 at 2 p.m.
Objections are due June 4.

A copy of the order is available for free at https://bit.ly/2QeZRx3
from PacerMonitor.com.

          About Heritage Christian School of Ohio, Inc.

Heritage Christian Schools of Ohio, Inc. --
https://heritagechristianschool.org/ -- is a tax-exempt private
Christian school located in Canton, Ohio.

Heritage Christian Schools of Ohio Inc. filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Ohio Case No. 21-60124) on Feb. 2, 2021. The petition was
signed by Sharla Elton, superintendent. At the time of filing, the
Debtor estimated $1,206,968 in assets and $626,431 in liabilities.

Judge Russ Kendig presides over the case.

Anthony J. DeGirolamo, Esq. represents the Debtor as counsel.

Heritage Canton, LLC, as lender is represented by Matthew R.
Duncan, Esq.



HERMELL PRODUCTS: Court Okays Request for Cash Access
-----------------------------------------------------
Judge James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut authorized Hermell Products, Inc., to use
cash collateral to pay ordinary course operating expenses pursuant
to the budget through the earlier of June 17, 2021, or the
occurrence of a termination event.

The Court ruled that the Claimants are granted senior security
interests in, and liens on, all personal property and real estate,
with the same validity, extent and priority that the Claimants have
as to the said liens on the Petition Date to the extent of the
diminution in value of their respective secured position.  As
further adequate protection, the Claimants will have allowed
administrative expense claims senior to all other administrative
expense claims to the extent of post-petition diminution in value.

The Claimants are Windsor Federal Savings and Loan Association, the
Business Backer, LLC, Celtic Bank/Kabbage Funding, State of
Connecticut Department of Economic and Community Development, and
the U.S. Small Business Administration.

Parties-in-interest will have until the later of June 23, 2021 or
60 days after appointment of a creditors' committee in the Debtor's
case to contest or challenge the validity or perfection of the
Claimants' liens and replacement liens.

Hearing on the final use of cash collateral will be on June 17,
2021 at 11 a.m. via Zoom.gov.  The Debtor must file and serve a
proposed final order and budget by 5 p.m. on June 11, 2021.
Objections to the Debtor's continued use of cash collateral must be
filed and served by 4 p.m. on June 15, 2021.

A copy of the order is available at https://bit.ly/3anPsG7 from
PacerMonitor.com at no charge.

                      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.

Timothy Miltenberger has been appointed Sub-chapter V Trustee of
the estate.

The Debtor's counsel may be reached at:

    Anthony S. Novak, Esq.
    Novak Law Office, P.C.
    280 Adams Street
    Manchester, CT 06042
    Email: anthonysnovak@aol.com



HERTZ GLOBAL: Plans Shareholder Payout as Part of Ch.11 Exit Plan
-----------------------------------------------------------------
Becky Yerak and Alexander Gladstone of The Wall Street Journal
report that Hertz Global Holdings proposes shareholder payout as
part of bankruptcy-exit plan.

The rental-car company has agreed to a revised plan to finance its
exit from bankruptcy that includes a shareholder recovery.

Hertz Global Holdings Inc. agreed to provide some value to equity
holders when it leaves chapter 11, vindicating the individual
traders who have insisted the company is worth something despite
its bankruptcy filing.

Hertz proposed in a chapter 11 exit plan on Wednesday that current
stockholders receive warrants to purchase up to 4% of the
restructured business, the first time the company has said it is
worth enough to distribute some value to its owners.

The shareholder distribution would amount to a recovery of 60 to 70
cents per share, a "material return to equity," Hertz lawyer Thomas
Lauria said during a court hearing Wednesday, April 21, 2021.

If approved by the U.S. Bankruptcy Court in Wilmington, Del., that
outcome would make Hertz a relative rarity in corporate
bankruptcies, in which equity ranks behind debt and most often is
wiped out. Hertz shares closed at $1.74 on Wednesday, down 8.4% on
the day but up 36% year to date.

The proposed distribution to equity is part of a restructuring
proposal put forth by Dundon Capital Partners LLC, Centerbridge
Partners LP and Warburg Pincus LLC, selected by Hertz earlier this
month after a competitive process to finance the company's exit
from chapter 11.

Hertz has the exclusive right to propose restructuring terms,
meaning that any bankruptcy plan needs the company's support to
advance to creditors for a vote. Hertz is racing to exit from
bankruptcy as soon as it can, concerned about the risk that
favorable market conditions could turn against it.

Companies generally enter bankruptcy when they can't cover their
debts, much less pay anything on account of their equity. When
shareholders do receive anything, it is often because a short-term
stress fades, an industry recovers more quickly than expected, or
market conditions change. Past examples include onetime mall giant
General Growth Properties Inc. in 2010 and former American Airlines
parent AMR Corp. in 2013.

Risk-hungry individual investors were convinced Hertz had value
after it filed for bankruptcy last year, piling into the company
and sending its stock up nearly 900% before declining again, a
speculative frenzy that presaged the GameStop Corp. phenomenon.

Even after Hertz shares fell back to earth last year and were
delisted from the New York Stock Exchange, some enthusiasts
continued to tout the company in online forums, confident in a
comeback.

Now it appears they were on to something all along. Enthusiasm for
Hertz has broadened in recent weeks to larger investors amid a
rebound in U.S. business and leisure travel that has been fueled by
Covid-19 vaccination campaigns. Airlines are adding flights within
the U.S. and nearby destinations, optimistic about a summer
vacation boom and encouraged by a rise in bookings.

As recently as last week, Hertz had insisted its equity was
worthless because the company wasn't worth enough to cover its debt
and had no surplus of value left over for stockholders.  Hertz
entered chapter 11 with roughly $19 billion owed to banks and
bondholders, one of the largest companies driven to default by the
Covid-19 pandemic.

But a bidding war between rival consortia of investors in recent
weeks drove up Hertz's value enough to put its equity in the money.
Competition for control of Hertz continues as it explores an
alternative bid, submitted Tuesday, from an investment group led by
Knighthead Capital Management LLC and Certares Management LLC that
also includes an equity payout.

The competing plan includes a 50-cent payout per share in cash for
stockholders and gives them the chance to participate in a $1
billion rights offering, Andrew Glenn, a lawyer for hedge-fund
shareholders backing Knighthead and Certares, said at the court
hearing. He argued that his group's plan is a better deal because
it provides the payout in cash to stockholders, rather than from
warrants.

A Hertz board committee determined that the restructuring terms put
forth by Knighthead and Certares were incomplete, but could lead to
a superior proposal if developed further, Mr. Lauria said
Wednesday.

Hertz will continue to pursue the alternate proposal, but the
company needs to move quickly on the offer on the table from
Dundon, Centerbridge and Warburg, Mr. Lauria said. He said the
company’s European operations have an immediate need for cash to
refurbish the rental-car fleet there.

The judge overseeing the bankruptcy said Wednesday that to lock in
that proposal, Hertz could commit to a roughly $75 million breakup
fee, payable to the plan sponsors if the company ultimately selects
a different offer.

Considering that investors have valued the business at roughly $5
billion to $6 billion, the fee shouldn’t be too big an obstacle
for other Hertz bidders to overcome, the company's investment
banker William Derrough testified on Wednesday, April 21, 2021.

The competition for Hertz also has led to a rally in prices for its
unsecured bonds, meaning that bondholders stand to do well on debt
bought at a discount, when the company’s prospects weren't as
bright.

                         About Hertz Global Holdings

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

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

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

White & Case LLP is serving as legal advisor, Moelis & Co. is
serving as investment banker, and FTI Consulting is serving as
financial advisor. Richards, Layton & Finger, P.A., is the local
counsel.

Prime Clerk LLC is the claims agent, maintaining the page
https://restructuring.primeclerk.com/hertz


HILMORE LLC: Seeks to Hire Weintraub & Selth as Legal Counsel
-------------------------------------------------------------
Hilmore, LLC seeks approval from the U.S. Bankruptcy Court for the
Central District of California to employ Weintraub & Selth APC to
handle its Chapter 11 case.

The firm will render these services:

     1. advise the Debtor concerning its rights, powers and duties
under Sections 1107 and 1108 of the Bankruptcy Code;

     2. advise the Debtor concerning all general administrative
matters in the bankruptcy case and dealings with the Office of the
United States Trustee;

     3. represent the Debtor at all hearings before the bankruptcy
court unless it is represented in that proceeding or hearing by
special counsel;

     4. prepare legal papers;

     5. advise the Debtor regarding matters of bankruptcy law,
including its rights and remedies with respect to assets of the
estate and creditor claims;

     6. represent the Debtor in contested matters;

     7. represent the Debtor in any litigation commenced by or
against the Debtor, provided that such litigation is within the
firm's expertise and subject to a further engagement agreement with
the Debtor;

     8. represent the Debtor in the negotiation, preparation and
implementation of a plan of reorganization;

     9. analyse claims filed in the bankruptcy case;

     10. negotiate with creditors regarding the amount and payment
of their claims;

     11. object to claims as may be appropriate; and

     12.perform all other necessary legal services for the Debtor.

The firm will be paid at these rates:

     Daniel J. Weintraub   $650 per hour
     James R. Selth        $550 per hour
     Crystle J. Lindsey    $450 per hour
     David Brownstein      $500 per hour
     Paraprofessionals     $250 per hour
     Legal Assistants      $150 to $175 per hour

Weintraub & Selth received pre-bankruptcy retainers totaling
$50,000, which included the filing fee.  The firm will also be
reimbursed for out-of-pocket expenses incurred.

Crystle Lindsey, Esq., a partner at Weintraub & Selth, disclosed in
a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Daniel J. Weintraub, Esq.
     James R. Selth, Esq.
     Crystle J. Lindsey, Esq.
     Weintraub & Selth APC
     11766 Wilshire Boulevard, Suite 1170
     Los Angeles, CA 90025
     Tel: (310) 207-1494
     Fax: (310) 442-0660
     Email: dan@wsrlaw.net

                     About Hilmore LLC

Hilmore LLC, a 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. C.D. Calif. Case
No. 21-12755) on April 5, 2021.  Shahrokh Javidzad, manager, signed
the petition.  At the time of the filing, the Debtor had between $1
million and $10 million in both assets and liabilities.  Judge
Sheri Bluebond presides over the case.  Weintraub & Selth APC
represents the Debtor as legal counsel.


HKO 3 LLC: Disclosure Statement Hearing Set for May 27
------------------------------------------------------
Judge Vincent F. Papalia has set the hearing to approve the Second
Amended Disclosure Statement to the Second Amended Chapter 11 Plan
of HKO 3, LLC on May 27, 2021 at 11 a.m.  The hearing will take
place by telephone via Court Solutions.  

                          About HKO 3 LLC

HKO 3, LLC, is engaged in activities related to real estate, whose
principal assets are located at 597-603 Broadway Newark, NJ 07104.
HKO 3, LLC, filed a Chapter 11 petition (Bankr. D.N.J. Case No.
20-18601) on July 16, 2020.  At the time of filing, the Debtor was
estimated to have $1 million to $10 million in assets and $500,000
to $1 million in liabilities.  Anthony Sodono, III, Esq., of
McMANIMON, SCOTLAND & BAUMANN, LLC, is the Debtor's counsel.


HOLLINGSWORTH FARMS: June 10 Disclosure Statement Hearing Set
-------------------------------------------------------------
On April 15, 2021, Debtor Hollingsworth Farms, LLC, filed with the
U.S. Bankruptcy Court for the Middle District of Alabama a
Disclosure Statement describing Chapter 11 Plan of Reorganization.

On April 20, 2021, Judge William R. Sawyer ordered that:

     * June 10, 2021, at 10:00 a.m., is the telephonic hearing to
consider the approval of the disclosure statement.

     * June 3, 2021, is fixed as the last day for filing and
serving written objections to the disclosure statement.

A full-text copy of the order dated April 20, 2021, is available at
https://bit.ly/2QOuXvb from PacerMonitor.com at no charge.

Attorney for the Debtor:

     ESPY, METCALF & ESPY, P.C.
     J. Kaz Espy (ASB-0122-A63E)
     Post Office Drawer 6504
     Dothan, Alabama 36302-6504
     Tel: (334)793-6288
     Fax: (334)712-1617
     Email: kaz@espymetcalf.com
            lynnia@espymetcalf.com

                   About Hollingsworth Farms

Hollingsworth Farms, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Ala. Case No. 20-31975) on Sept. 16,
2020.  The petition was signed by James W. Hollingsworth, sole
member of Port Royal Medical Investments LLC.  At the time of the
filing, the Debtor was estimated to have $1 million to $10 million
in both assets and liabilities.  Judge William R. Sawyer oversees
the case.  Espy, Metcalf & Espy, P.C., serves as the Debtor's legal
counsel.


HOLLISTER CONSTRUCTION: Wins Confirmation of Liquidating Plan
-------------------------------------------------------------
Judge Michael B. Kaplan approved on a final basis the Disclosure
Statement accompanying the First Amended Plan of Liquidation of
Hollister Construction Services, LLC, as containing adequate
information pursuant to Section 1125 of the Bankruptcy Code, and
confirmed the Debtor's Plan, pursuant to Section 1129 of the
Bankruptcy Code.

The means for implementing the Plan are:

  (i) approval of the Settlement Agreement;
(ii) establishment of the Liquidating Trust and appointment of the
Liquidating Trustee;
(iii) the transfer of the Liquidating Trust Assets to the
Liquidating Trust;
(iv) the procedures for making distributions to holders of Allowed
Claims and Interests;
  (v) the resignation of any remaining officers, directors or
members of the Debtor;
(vi) the dissolution of the Debtor; and
(vii) the exemption from certain transfer taxes.

The Debtor's assets shall vest in the Liquidating Trust, under the
exclusive control of the Liquidating Trustee (subject to the rights
of the Liquidating Trust Committee), pursuant to the provisions of
the Plan, Settlement Agreement and the Confirmation Order.

The Plan appoints a Liquidating Trustee, BAK Advisors, LLC, through
its authorized representative, Bernard A. Katz, who will serve as
the Debtor's sole officer and director following the Effective
Date.  The Effective Date of the Plan, however, shall not occur
until the Liquidating Trust Advance is funded in the amount of
$250,000, according to the Settlement Agreement.

Treatment of Claims and Interests Under the Plan:

   * Claims in Class 1 (Other Priority Claims) are unimpaired under
the Plan and are conclusively presumed to have accepted the Plan
without the solicitation of acceptances or rejections.  

Holders of Claims in Class 2 (Prepetition Secured Lender Claim) and
Class 3 (Arch Claim) are each Impaired under the Plan and voted to
accept the Plan by at least two-thirds in amount and one-half in
number.

   *Class 2 (Pre-petition Secured Lender Claim consists of the
Allowed Pre-petition Lender Claim of PNC Bank, N.A., for
$15,882,260.  PNC has agreed to receive certain cash, including (i)
PNC's portion of the Settling Insider Cash Contribution for
$527,246 on the Effective Date, (ii) the PNC Escrow Account
Payment, (iii) PNC's portion of the Escrow Account, (iv) PNC's
portion of the Partially Bonded Settlement Proceeds, (v) PNC's
portion of the Special Disbursements, (vi) certain othe funds from
the Settlement Account, and (vii) certain of the D & O Claims
Recovery, PNC Excess E & O Claims Recovery and Malpractice Claim
Recovery.

PNC has waived any other amounts that may be due under the PNC Line
of Credit Loan Documents or the PNC Term Loan Documents on account
of its Pre-petition Secured Lender Claim.

   * Class 3 (Arch Claim) consists of the Allowed claim of Arch
Insurance Group, Inc., for $130,000,000.  Arch has agreed to
receive (i) Arch's portion of the Settling Insider Cash
Contribution for $1,107,500 on the Effective Date; (ii) the Arch
Five-Year Note, the Non-Recourse Limited Guaranties, the Third
Party Limited Guaranty, the releases and the Tolling and
Forbearance Agreement; (iii) Arch's portion of the Partially Bonded
Settlement Proceeds, (iv) a portion of the Malpractice Claim
Recovery; and (v) the Arch E & O Claims Recovery, in full
satisfaction of its Class 3 Claim.

Arch has waived any other amounts from the Debtor that may be due
under any bonds, general Indemnity Agreements and any other
documents supporting Arch's claim.

   * Impaired Class 4 General Unsecured Claims are deemed to reject
the Plan and therefore were not entitled to vote on the Plan.
Allowed Class 4 Claims will be entitled to receive a Pro-Rata share
of the cash to be distributed from the Liquidating Trust, if any,
after payment of all Allowed Administrative Claims, Allowed
Professional Fee Claims, Allowed Priority Tax Claims, and Allowed
Other Priority Claims pursuant to their treatment under the Plan.

   * Impaired Class 5 Interests are deemed to reject the Plan and
therefore not entitled to vote on the Plan.  Holders of Class 5
Interests will retain no ownership interest in the Debtor, under
the Plan, and will receive no distribution on account of said
interests, which will be cancelled on the Effective Date.

The Plan further provided, among other things, that:

   - as of the Effective Date, (a) all agreements and other
documents evidencing the Claims or rights of any holders of such
Claims against the Debtor, including all contracts, notes, and
guarantees, and (b) all Interests, shall be deemed automatically
cancelled and the obligations of the Debtor thereunder will be
released.

   -  on the Effective Date, the Debtor's obligations pertaining to
any agreements, indentures, certificates of designation, or similar
documents governing the shares, certificates, notes, bonds, will be
released.

   - on the Effective Date, each Executory Contract and Unexpired
Lease entered into by the Debtor prior to the Petition Date will be
deemed rejected pursuant to Section 365 of the Bankruptcy Code.

   - as of the Effective, all officers, directors, and members of
the Debtor shall be deemed to have resigned.

   - all remaining Incentive Compensation Payments for six former
employees of the Debtor, as approved by the Bankruptcy Court, will
be payable only if and when earned – even if the entitlement to
the Incentive Payments occurs after the Effective Date.

A copy of the Court's findings approving the Disclosure Statement
and confirming the Plan is available for free at
https://bit.ly/3nbnrGN from PacerMonitor.com.

Counsel for the Debtor:

    Kenneth A. Rosen, Esq.
    Mary E. Seymour, Esq.
    Joseph J. DiPasquale, Esq.
    Jennifer B. Kimble, Esq.
    Arielle B. Adler, Esq.
    LOWENSTEIN SANDLER LLP
    One Lowenstein Drive
    Roseland, New Jersey 07068
    Telephone: (973) 597-2500
    Facsimile: (973) 597-2400

Liquidating Trustee:

    Bernard Katz, Independent Manager
    BAK Advisors Inc.
    Email: Bernie@bakadvisors.com


PNC Bank, N.A., pre-petition lender:

    Alison J. Ford, vice president
    130 South Bond Street
    Mail Stop: C5-C436-01-1
    Bel Air, MD 21014
    Telephone: 410.838.2268
    Facsimile: 410.638.2046
    Email: Alison.ford@pnc.com

Counsel for PNC Bank, N.A.:

    James J. Holman, Esq.
    Duane Morris LLPO
    30 South 17th Street
    Philadelphia, PA 19103-4196
    Tel: 215.979.1530
    Fax: 215.689.2562

Arch Insurance Group, Inc., pre-petition lender

    Michael Bramhall
    Asst. VP, Surety Claims
    Arch Insurance Group, Inc.
    3 Parkway
    1601 Cherry Street, Suite 1500
    Philadelphia, PA 19102
    Telephone: 215.606.1715
    E-mail: mbramhall@archinsurance.com

Counsel for Arch Insurance Group Inc.

    Jonathan Bondy, Esq.
    Chiesa Shahinian & Giantomasi PC
    One Boland Drive
    West Orange, NJ 07052
    Telephone: 973.530.2052
    Fax: 973.530.2252
    Email: jbondy@csglaw.com

Official Committee of Unsecured Creditors:

    Joann S. Haddad, chair
    Haddad Plumbing & Heating, Inc.
    P.O. Box 2189
    Newark, NJ 07114
    Email: jhaddad@haddadplumbing.com

                   About Hollister Construction

Hollister Construction Services, LLC -- http://www.hollistercs.com/
-- is a full-service commercial construction company with a team of
150+ construction professionals.  The Company's specialties include
interior and exterior renovations, building additions, and ground
up construction.  Hollister's areas of expertise include the
construction of corporate, education, healthcare, industrial,
retail, and residential projects.

Hollister Construction sought Chapter 11 protection (Bankr. D.N.J.
Lead Case No. 19-27439) on Sept. 9, 2019, in Trenton, New Jersey.
In the petition signed by Brendan Murray, president, the Debtor
disclosed $100 million to $500 million in both assets and
liabilities.

The Hon. Michael B. Kaplan oversees the case.

The Debtor tapped Lowenstein Sandler as counsel; SM Law PC, as
special counsel; 10X CEO Coaching, LLC, as restructuring advisor;
and The Parkland Group, Inc., as business consultant.  Prime Clerk
serves as claims agent.


HOSANNA BUILDING: Court Confirms Three-Year Plan
------------------------------------------------
Judge Lori V. Vaughan has entered an order confirming the Plan of
Hosanna Building Contractors, Inc.

In accordance with 11 U.S.C. Sec. 1192, the Debtor may request a
discharge after all required payments in the first three years of
the Plan are made.  The Debtor is authorized and directed to
execute all agreements and undertake the actions contemplated by
the Plan.

A post-confirmation Status Conference has been scheduled for July
7, 2021, at 2:45 p.m. before the Honorable Lori V. Vaughan at the
U.S. Bankruptcy Court, 400 W. Washington Street, 6th Floor,
Courtroom C, Orlando, Florida 32801.

The Plan will treat claims as follows:

   * Class 1: Class 1 consists of the Allowed Secured Claim of Ford
Motor.  In full satisfaction of Ford Motor's Allowed Secured Claim,
Ford Motor shall be secured by a lien on the Ford Motor Collateral
to the same validity and priority as existed as of the Petition
Date and shall be paid through monthly payments of principal and
interest, amortized over a period of 42 months at a 5.00% fixed
rate of interest.  The first payment will be due on the thirtieth
day after the Effective Date and shall continue on the same day of
each month thereafter.  The monthly payments of principal and
interest to Ford Motor will be in the amount of $568.36.

   * Class 2A: Class 2A consists of the Allowed Secured Claim of
the SBA.  The Allowed Class 2A Secured Claim is in the total amount
of $152,173.  In full satisfaction of SBA"s Allowed Secured Claim,
SBA shall be secured by a lien on the SBA Collateral to the same
validity and priority as existed as of the Petition Date and shall
be paid through monthly payments of principal and interest,
amortized over a period of 120 months at a 3.75% fixed rate of
interest.  The first payment will be due on the 30th day after the
Effective Date and shall continue on the same day of each month
thereafter.  The monthly payments of principal and interest to SBA
will be in the amount of $1,523.

   * Class 2B: Class 2B consists of the Allowed Secured Claim of
the SBA.  The Allowed Class 2B Secured Claim is in the total amount
of $401,225.  In full satisfaction of SBA's Allowed Secured Claim,
SBA will be secured by a lien on the SBA Collateral to the same
validity and priority as existed as of the Petition Date and shall
be paid through monthly payments of principal and interest, and
Hosanna Realty Holdings, LLC, will continue to make the contractual
monthly payments of $2,406 pursuant to the loan documents at the
contractual interest rate of 2.827%.  In the event that Hosanna
Realty Holdings, LLC, fails to make any payment under the loan
documents, the Debtor shall commence payments to the SBA under the
loan documents.

   * Class 3: Class 3 consists of the holder of the Disputed Claim
of On Deck in the amount of $104,549.  The claim of On Deck was
determined to be unsecured and was disallowed.  On Deck shall have
a Class 6 Allowed Unsecured Claim in the amount of $104,549.

   * Class 4: Class 4 consists of the holder of the Disputed Claim
of Legend in the amount of $44,286.  The claim of Legend Funding
was determined to be unsecured and was disallowed. Legend shall
have a Class 6 Allowed Unsecured Claim in the amount of $44,286.

   * Class 5: Class 5 consists of the Allowed Secured Claim of
TimePayment.  The Allowed Class 5 Secured Claim is in the total
amount of $1,177.  In full satisfaction of TimePayment's Allowed
Secured Claim, TimePayment shall be secured by a lien on the
TimePayment Collateral to the same validity and priority as existed
as of the Petition Date and shall be paid through monthly payments
of principal and interest, amortized over a period of 12 months at
a 4.00% fixed rate of interest.  The first payment will be due on
the thirtieth day after the Effective Date and shall continue on
the same day of each month thereafter.  The monthly payments of
principal and interest to TimePayment will be in the amount of
$100.18.

   * Class 6: Class 6 consists of the Allowed Unsecured Claims
against the Debtor in the estimated amount of $1,500,470.  In full
satisfaction of the Class 6 Allowed Unsecured Claims, each Holder
of an Allowed Unsecured Claim shall receive its Pro Rata Share of
the Debtor"s Disposable Income for a period of three years, which
shall be made by quarterly payments to the Subchapter V Trustee
during such period of time.

   * Class 7: Class 7 consists of Equity Interests.  Pursuant to
the Settlement Agreement dated Feb. 25, 2021, between the Debtor
and Kings Service Solutions, LLC, Arnaldo Herrero and Yanet Herrero
have assigned their 10% ownership interest in the Debtor to Dean
Blankenship. Neither Arnaldo Herrero nor Yanet Herrero shall have
any ownership interest in the Reorganized Debtor.

On or before the 1st of June 2021, the Reorganized Debtor will
remit $8,750 to the Subchapter V Trustee as the first quarterly
payment towards Class 6.  The Reorganized Debtor shall make 12
equal quarterly payments of $8,750 total through the Subchapter V
Trustee.

                     About Hosanna Building

Hosanna Building Contractors, Inc., is a full-service contractor
providing service to commercial and residential clients in Florida
and Georgia.  It offers repairs, remodeling, insurance
restorations, and new construction services.  Visit
https://www.hosannabc.com for more information.

Hosanna Building Contractors filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla.
Case No. 20-05457) on Sept. 29, 2020.  Jane Blankenship, Debtor's
chief executive officer, signed the petition.  At the time of the
filing, the Debtor estimated $500,000 to $1 million in assets and
$1 million to $10 million in liabilities.  Judge Lori V. Vaughan
oversees the case.  Aldo G. Bartolone, Esq., at Bartolone Law,
PLLC, serves as the Debtor's legal counsel.


ICAN BENEFIT: Court Authorizes Use of Cash Collateral
-----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
authorized iCan Benefit Group, LLC and its debtor affiliates to use
cash collateral on an interim basis through April 17, 2021, to pay
current and necessary expenses according to the budget, including
payments for U.S. Trustee fees.

The Court also ruled that the Debtors shall use the funds from the
Paycheck Protection Program to pay all line items in the first and
second interim budget, except for (i) the retainer payment to
Chapter 11 financial advisor Carol Fox and (ii) marketing
expenses.

As adequate protection, lender Southern Guaranty Insurance Company
(SGIC) is granted a replacement lien in all property of the Debtors
acquired or generated post-petition to the same extent and priority
and of the same kind and nature as the Lender's pre-petition liens
and security interests in the cash collateral.  SGIC will also be
granted a replacement lien on the funds used to pay for marketing
expenses and to Carol Fox.  

                   About iCan Benefit Group, LLC

iCan Benefit Group, LLC -- https://icanbenefit.com/ -- is a
licensed insurance agency offering a variety of benefit programs
and insurance products from a number of licensed insurance
companies.

iCan Benefit Group and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No.
21-12567) on March 18, 2021.  Stephen M. Tucker, manager, signed
the petitions.  In its petition, iCan Benefit Group disclosed $10
million to $50 million in both assets and liabilities.

Judge Mindy A. Mora oversees the cases.

Agentis PLLC serves as the Debtors' legal counsel and may be
reached at:

    Jesse R. Cloyd, Esq.
    Agentis PLLC
    55 Alhambra Plaza, Suite 800
    Coral Gables, FL 33134
    Telephone: (305) 722-2002
    Email: jrc@agentislaw.com
    Website: www.agentislaw.com



INSPIREMD INC: Shareholders Approve Reverse Stock Split
-------------------------------------------------------
InspireMD, Inc. provided an update of recent corporate
developments.

  * Shareholders approved a 1:15 reverse stock split, reducing the

    number of outstanding shares from 118 million to 7.9 million
    shares, which will take effect following the close of trading
on
    April 26, 2021

  * On April 19, 2021, the Company submitted its application to
join
    the Nasdaq Capital Market, which the Company views as more
    attractive to a broader range of investors than its current
    listing

InspireMD CEO Marvin Slosman commented, "The fundamentals of our
business remain sound and consistent and, as previously noted, our
execution against our milestones continues to progress well.
Following our previously announced oversubscribed capital raise of
$20.7M we are securely positioned to conduct our C-Guardian FDA
clinical trial while maintaining sufficient operating capital to
meet our commercial expansion and product development goals, while
establishing CGuard EPS as the most advanced carotid stent system
in the market.  Our business model, superior technology platform
harnessed by our proprietary MicroNet embolic protection system and
timing of the growth in carotid stenting have laid the foundation
necessary for CGuard EPS to become a market leader in the
prevention of stroke caused by carotid artery disease.  We believe
that moving to the Nasdaq Capital Market is a strategically sound
approach that places us in the company of our peers and allows for
improved visibility in the market.  InspireMD is fundamentally a
stronger company today than ever before, and I am proud of the
extraordinary efforts of our expanding team in creating an exciting
future for our company."

                       About InspireMD Inc.

Headquartered in Tel Aviv, Israel, InspireMD --
http://www.inspiremd.com-- is a medical device company focusing on
the development and commercialization of its proprietary MicroNet
stent platform technology for the treatment of complex vascular and
coronary disease.  A stent is an expandable "scaffold-like" device,
usually constructed of a metallic material, that is inserted into
an artery to expand the inside passage and improve blood flow.  Its
MicroNet, a micron mesh sleeve, is wrapped over a stent to provide
embolic protection in stenting procedures.

InspireMD reported a net loss of $10.54 million for the year ended
Dec. 31, 2020, compared to a net loss of $10.04 million for the
year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$17.78 million in total assets, $5.61 million in total liabilities,
and $12.16 million in total equity.


INTELLIPHARMACEUTICS INT'L: Posts $924,566 Net Loss in 1st Quarter
------------------------------------------------------------------
Intellipharmaceutics International Inc. reported the results of
operations for the three months ended Feb. 28, 2021.

   * On July 2, 2020 the Company had announced that the parties in

     the cases, numbers 17-cv-392-RGA, 18-cv-404-RGA and
20-cv-515-
     RGA between Purdue Pharma L.P. et al and Intellipharmaceutics
     entered into a stipulated dismissal of the Litigations.  The
     stipulated dismissal, which was subject to approval by the
     bankruptcy court presiding over Purdue Pharma's pending
chapter
     11 cases, provides for the termination of patent infringement
     proceedings commenced by Purdue against the Company in the
     United States District Court for the District of Delaware in
     respect of the Company's NDA filing for Aximris XRTM with the
     FDA.  The stipulated dismissal also provides that (i) for a
     30 day period following a final approval of the Company's
     Aximris XRTM NDA the parties will attempt to resolve any
     potential asserted patent infringement claims relating to the
     NDA and (ii) if the parties fail to resolve all such claims
     during such period Purdue Pharma will have 15 days to pursue
an
     infringement action against the Company.  The terms of the
     stipulated dismissal agreement are confidential.  On July 28,
     2020 the United States District Court for the District of
     Delaware signed the stipulations of dismissal into order
     thereby dismissing the claims in the three cases without
     prejudice.  In consideration of the confidential stipulated
     dismissal agreement and for future saved litigation expenses,
     Purdue has paid an amount to the Company.

   * On Jan. 15, 2020, at a joint meeting of the Anesthetic and
     Analgesic Drug Products Advisory Committee and Drug Safety
and
     Risk Management Advisory Committee of the FDA to discuss the
     Company's NDA for Aximris XR, abuse-deterrent oxycodone
     hydrochloride extended-release tablets, the Advisory
Committees
     voted 24 to 2 against the approval of the Company's NDA for
     Aximris XR for the management of pain severe enough to require

     daily, around-the-clock, long-term opioid treatment and for
     which alternative treatment options are inadequate.  The
     Company expects the FDA to take action on its application, on

     completion of their review of the NDA.

Results of Operations

The Company recorded net loss for the three months ended Feb. 28,
2021 of $924,566 or $0.04 per common share, compared with a net
loss of $1,747,373 or $0.08 per common share for the three months
ended Feb. 29, 2020.

The Company recorded revenues of $Nil for the three months ended
Feb. 28, 2021 versus $377,554 for the three months ended Feb. 29,
2020.  Such revenues consisted primarily of licensing revenues from
commercial sales of the 15, 25, 30 and 35 mg strengths of the
Company's generic Focalin XR under the Par agreement.

Expenditures for R&D for the three months ended Feb. 28, 2021 were
lower by $400,360 compared to the three months ended Feb. 29, 2020.
In the three months ended Feb. 28, 2021 the Company recorded $8,592
of expenses for stock-based compensation for R&D employees compared
to $43,428 for the three months ended Feb. 29, 2020.  After
adjusting for the stock-based compensation expenses, expenditures
for R&D for the three months ended Feb. 28, 2021 were lower by
$365,524 compared to the three months ended Feb. 29, 2020.  The
decrease is primarily due to significantly reduced third party
consulting fees, decreased materials expenses and decreased patent
expenses, and the reduction in R&D staff consistent with reduced
R&D activities.

Selling, general and administrative expenses were $172,046 for the
three months ended Feb. 28, 2021 in comparison to $523,231 for the
three months ended Feb. 29, 2020, resulting in a decrease of
$351,185.  The decrease is due to a decrease in administrative
costs and a decrease in wages and marketing costs.

As of Feb. 28, 2021, the Company's cash balance was $202,669.  The
Company currently expects to meet its short-term cash requirements
from quarterly profit share payments from Par and by cost savings
resulting from reduced R&D activities and staffing levels.

The Company said, "If we are able to obtain sufficient funds to
supply products to our marketing and distribution partner, Tris
Pharma, Inc. ("Tris Pharma") and it achieves sales of our generic
Seroquel XR, generic Pristiq and generic Effexor XR products at
anticipated rates, then we may satisfy some of our cash needs with
cost-saving measures.  Even if that occurs, we will still need to
obtain additional funding to, among other things, further product
commercialization activities and development of our product
candidates.  Potential sources of capital may include, if
conditions permit, equity and/or debt financing, payments from
licensing and/or development agreements and/or new strategic
partnership agreements. The Company has funded its business
activities principally through the issuance of securities, loans
from related parties and funds from development agreements.  There
is no certainty that such funding will be available going forward
or, if it is, whether it will be sufficient to meet our needs.  Our
future operations are highly dependent upon our ability to source
additional funding to support advancing our product candidate
pipeline through continued R&D activities and to expand our
operations.  Our ultimate success will depend on whether our
product candidates are approved by the FDA, Health Canada, or the
regulatory authorities of other countries in which our products are
proposed to be sold and whether we are able to successfully market
our approved products.  We cannot be certain that we will receive
such regulatory approval for any of our current or future product
candidates, that we will reach the level of revenues necessary to
achieve and sustain profitability, or that we will secure other
capital sources on terms or in amounts sufficient to meet our
needs, or at all.

"There can be no assurance that we will not be required to conduct
further studies for our Aximris XR product candidate, that the FDA
will approve any of our requested abuse-deterrence label claims,
that the FDA will meet its deadline for review or that the FDA will
ultimately approve the NDA for the sale of product candidate in the
U.S. market or that the product will ever be successfully
commercialized and produce significant revenue for us."

                      About Intellipharmaceutics

Intellipharmaceutics International Inc. is a pharmaceutical company
specializing in the research, development and manufacture of novel
and generic controlled-release and targeted-release oral solid
dosage drugs. The Company's patented Hypermatrix technology is a
multidimensional controlled-release drug delivery platform that can
be applied to a wide range of existing and new pharmaceuticals.
Intellipharmaceutics has developed several drug delivery systems
based on this technology platform, with a pipeline of products
(some of which have received FDA approval) in various stages of
development. The Company has ANDA and NDA 505(b)(2) drug product
candidates in its development pipeline. These include the Company's
abuse-deterrent oxycodone hydrochloride extended release
formulation ("Oxycodone ER") based on its proprietary nPODDDS novel
Point Of Divergence Drug Delivery System (for which an NDA has
been
filed with the FDA), and Regabatin XR (pregabalin extended-release
capsules).

Intellipharmaceutics reported a net loss and comprehensive loss of
$3.39 million for the year ended Nov. 30, 2020, compared to a net
loss and comprehensive loss of $8.08 million for the year ended
November 30, 2019.  As of Nov. 30, 2020, the Company had $3.38
million in total assets, $9.70 million in total liabilities, and a
shareholders' deficiency of $6.31 million.

Toronto, Canada-based MNP LLP, the Company's auditor since 2016,
issued a "going concern" qualification in its report dated Feb.
28,
2021, citing that the Company has suffered recurring losses from
operations and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.


ISLET SCIENCES: WSF Agrees to Extend Additional Financing
---------------------------------------------------------
Islet Sciences, Inc., a Nevada corporation, submitted a Third
Amended Disclosure Statement for the Plan of Reorganization dated
April 20, 2021.

The Third Amended Disclosure Statement discusses the agreement of
WSF to extend the additional financing to the Debtor on the same
terms as the DIP Facility, with the exception of the Debtor's
repayment rate, which WSF increased from $0.04 per share to $0.06
per share. As a result, of the Amended DIP Facility, the Debtor
agreed WSF may own up to 35% of the equity of the Reorganized
Debtor.  The Debtor anticipated the Amended DIP Facility and its
accompanying budget would provide it with sufficient liquidity to
pay the administrative claims if this Chapter 11 case, and provide
adequate working capital post-confirmation. The Debtor now requires
additional capital to both pay administrative claims and provide
adequate working capital post-confirmation.

Accordingly, on April 20, 2021, the Debtor filed its third motion
to amend the DIP Facility to obtain Court approval to increase the
total credit available from $2,000,000 to $3,000,000 (the "Second
Amended DIP Facility").  WSF agreed to extend the additional
financing to the Debtor on largely the same terms as the Amended
DIP Facility. The Second Amended DIP Facility contemplates an
expansion of the Amended DIP Facility, under the terms of a new
note for an additional $1,000,000 (for a total of $3,000,000),
repaid at $0.06 per share. Specifically, the $1,000,000 note
underlying the original DIP Facility remains outstanding and
enforceable, as does a new $2,000,000 note evidencing the expansion
of the credit facility from $1,000,000.00 to $3,000,000.  As a
result of its $3,000,000 total investment in the Debtor, WSF may
own up to 50% of the equity of the Reorganized Debtor.

As of the Petition Date, the Debtor has anticipated it will have
outstanding obligations in the principal amounts of approximately
(i) $3,000,000 of postpetition financing, (ii) $1,955,221 of claims
arising from litigation with the Petitioning Creditors, and (iii)
$6,723,569 of general unsecured debt.  The Plan provides for the
reorganization of the Debtor as a going concern and will
significantly reduce the Debtor's debt while preserving liquidity,
which in turn will result in a stronger and de-levered balance
sheet. The Debtor intents to:

     * issue shares of the New Equity to WSF in accordance with the
lender's DIP Facility, as amended, which result in WSF owning
approximately 50% of the Reorganized Debtor;

     * issue shares to unsecured creditors, with a reserve for the
Petitioning Creditors, which reserve is subject to the outcome of
the North Carolina Litigation, which result in the Petitioning
Creditors owning up to 0.4% of the Reorganized Debtor and General
Unsecured Creditors owning up to 1.5%; and

     * existing Equity Interests shall be issued their Pro Rata
share of the New Equity Interests, subject to dilution based on the
equity issues to WSF and unsecured creditors, leaving current
Equity Interest Holders owning 48.1% of the Reorganized Debtor.

The total amount of the claims of WSF is estimated to be
$3,000,000, plus interest, fees, and expenses.

In particular, the Plan serves as a motion to approve as a
particular Restructuring Transaction, Debtor's renewal of that
certain exclusive license agreement by and between Debtor, as
licensee, and Yale University (the "Licensor") with an effective
date of February 1, 2021 (the "Renewed License"). Under the terms
of the Renewed License, Debtor has been granted, pursuant to the
terms of the Renewed License, an exclusive license to commercialize
and market a series of patents and, as applicable, related methods
and products in connection with an invention identified in the
Renewed License as, Circulating Hypomethylated B cell derived DNA
as a biomarker of B cell destruction.

By way of background, the Debtor and Licensor originally entered
into an exclusive license agreement with respect to the Invention
on or about May 1, 2012 (the "First License Agreement").  Both
Debtor and the Licensor have agreed that the Renewed License
constitutes a continuation and extension of the First License
Agreement, notwithstanding any lapse that may have occurred, or
that may have been deemed to have occurred, through any prior
failure, act, omission, error, lapse on Debtor's part in renewing
the First License Agreement.  The Debtor's agreement with the
Licensor to treat the Renewed License as a continuation and
extension of the First License Agreement notwithstanding any such
failure to timely renew the First License Agreement, if any, does
not alter any other rights or duties of either Debtor or the
Licensor under the First License Agreement or the Renewed License
Agreement.

While Debtor believes and maintains that its entry into the Renewed
License with Licensor constitutes a transaction in the ordinary
course of Debtor's business that does not require approval of the
Bankruptcy Court as it constitutes an ordinary course transaction,
Debtor has elected to seek Bankruptcy Court approval of Debtor's
entry into the Renewed License with Licensor as part of the Plan.
Briefly, the Bankruptcy Court may approve Debtor's use, sale, or
lease of property of Debtor's bankruptcy estate outside of the
ordinary course of business as part of the Plan.

Courts routinely defer to a Debtor's business judgment in approving
transactions outside of the ordinary course of business if a
debtor's justification for undertaking any proposed use, sale, or
lease of estate property is supported by sound business reasons.
The Debtor submits that sound business reasons underpin its
decision to enter the Renewed License as a continuation and
extension of the First License Agreement.  Doing so will allow
Debtor to continue its efforts to commercialize and market patents
included in the Renewed License, as well as any related methods and
products which are expected to generate additional revenues for
Debtor and assist the Debtor's emergence from bankruptcy and
establishment as a viable and profitable business going forward.
The Debtor's decision to enter into the Renewed License with
Licensor is plainly reasonable, supported by sound business
justifications, and is proposed in good faith by Debtor as a
measure to enhance the value of Debtor's business to the collective
benefit of all concerned.  The Debtor expects that the Bankruptcy
Court will approve Debtor’s entry into the Renewed License
Agreement.

Like in the prior iteration of the Plan, Holders of Allowed General
Unsecured Claims shall receive their pro rata distribution of the
New Equity in the full amount of their Allowed Claims, which
equates to 1.5% of the New Equity of the Reorganized Debtor.

A full-text copy of the Third Amended Disclosure Statement dated
April 20, 2021, is available at https://bit.ly/3tN4Nr9 from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Samuel A. Schwartz, Esq.
     SCHWARTZ LAW, PLLC
     601 East Bridger Avenue
     Las Vegas, NV 89101
     Telephone: 702.385.5544
     Facsimile: 702.385.2741
     E-mail: saschwartz@nvfirm.com

                      About Islet Sciences

Islet Sciences, Inc., is a biotechnology company engaged in the
research, development, and commercialization of new medicines and
technologies for the treatment of metabolic diseases and related
indications covering unmet medical needs.

On May 29, 2019, creditors, namely, James Green, William Wilkison,
Brighthaven Ventures, LLC, Kevin M. Long, VACO Raleigh, LLC, Steve
Delmar, and Apex Biostatistics, Inc. (collectively, "Petitioning
Creditors") filed an involuntary Chapter 7 petition against Islet
Sciences (Bankr. D. Nev. 19-13366).  The case was converted to one
under Chapter 11 on Sept. 18, 2019.  

Judge Mike K. Nakagawa oversees the case.

The Debtor has tapped Brownstein Hyatt Arber Schreck LLP and
Schwartz Law PLLC as its legal counsel, Armstrong Teasdale LLP as
special litigation counsel, and Portage Point Partners LLC as
financial advisor.

The U.S. Trustee for Region 17 appointed a committee of unsecured
creditors on Nov. 26, 2019.  The committee is represented by
Andersen Law Firm, Ltd.


JAZZ PHARMACEUTICAL: S&P Assigns Prelim 'BB-' Rating on Sec. Notes
------------------------------------------------------------------
S&P Global Ratings assigned its preliminary 'BB-' issue-level and
'3' recovery ratings to Jazz Pharmaceuticals PLC subsidiary Jazz
Securities Designated Activity Company's proposed $2.7 billion
senior secured notes (maturing in 2029). S&P expects the
noteholders will be entitled to the same collateral as existing
senior secured lenders upon the close of transaction. S&P expects
proceeds from the notes offering, the previously announced $2.65
billion senior secured term loan, cash on hand, and equity will be
used to fund Jazz Pharmaceuticals' acquisition of GW
Pharmaceuticals PLC.

S&P said, "Our preliminary rating on the proposed senior secured
notes incorporates our expectation that we would lower our
issuer-credit rating on Jazz Pharmaceuticals PLC by one notch to
'BB-' from 'BB' following the completion of the company's
acquisition of GW Pharmaceuticals PLC.

"All of our existing ratings on Jazz Pharmaceuticals PLC, including
our 'BB' issuer credit rating, remain on CreditWatch with negative
implications. We expect the acquisition to close in the second
quarter of 2021, at which point we intend to resolve our
CreditWatch."

RECOVERY ANALYSIS

Key analytical factors:

-- The company's proposed capital structure following its
acquisition of GW Pharmaceuticals PLC consists of a new $500
million secured revolving credit facility, new $2.65 billion
secured term loan, new $2.7 billion of senior secured notes,
existing $1.0 billion of unsecured exchangeable notes due 2026,
existing $575 million of unsecured exchangeable notes due 2021
($219 million outstanding at transaction close and expected to be
repaid in August 2021), and existing $575 million of unsecured
exchangeable notes due 2024 (not rated).

-- S&P's simulated default scenario contemplates a default in
2025, stemming from unexpected competition and pricing pressure
that deeply erodes key products, including oxybate sales,
pressuring cash flows.

-- S&P estimates that for the company to default, EBITDA would be
significantly lower than what the company generated in 2020,
representing a dramatic deterioration from the current business
trajectory. If a default occurs, we assume the company would
reorganize as a going concern rather than liquidate.

-- In S&P's hypothetical default scenario, it assumea the
revolving credit facility is 85% drawn and there is a modest
increase in borrowing costs stemming from higher LIBOR and margin
rates following covenant violations.

Simulated default assumptions:

-- Simulated year of default: 2025
-- EBITDA at emergence: $557 million
-- EBITDA multiple: 6.5x

Simplified waterfall:

-- Net enterprise value (after 5% administrative costs): $3.436
billion

-- Valuation split (obligors/nonobligors): 100%/0%

-- Collateral value available to secured creditors: $3.436
billion

-- Secured first-lien debt (revolver and term loan): $5.844
billion

    --Recovery expectations: 50%-70%; rounded estimate: 55%

-- Total value available for unsecured debt: 0

-- Senior unsecured debt: $1.589 billion

     --Recovery expectations: 0%-10%; rounded estimate: 0%

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



JDUBS BREWING: Files Mediated Plan; Resolves Parties' Disputes
--------------------------------------------------------------
JDub's Brewing Company, LLC, submitted a Third Amended Chapter 11
Plan dated April 20, 2021.

On March 19, 2021, Debtor filed two separate motions for summary
judgment on three issues of (i) the ownership of the Beer Brands,
(ii) federal bankruptcy preemption of Fla. Stat. Title XXXIV,
Chapter 563, and (iii) the measure of damages on the Claim, and in
support filed two Declarations of Joerger, and an additional
Declaration of Robert Low.

Pursuant to the Pretrial Order, the Parties began discovery,
including the setting of depositions, subpoenaing witnesses, and
the propounding of written discovery, including requests for the
production of documents, requests for admissions, and
interrogatories, yet before the completion of discovery, the
Parties mediated the Contrasted Matters to be tried with Mediator
Brad Saxton, from March 30, 2021 through April 1, 2021, which
resulted in the Parties resolving all the disputes between them
through a global settlement (the "Agreement"), which included a
Plan Support Agreement (the "Plan Support Agreement").

Subsequent to, and in compliance with the Agreement and the Plan
Support Agreement:

     * The Parties to the Agreement jointly advised the Bankruptcy
Court that the disputes between them had been settled, and that the
Trial scheduled for the Trial Date needed to be cancelled, which
was done by Joint Notice on April 2, 2021.

     * On April 9, 2021 Debtor filed its Motion to Approve Plan
Support Agreement Between Debtor, JDub's Brewing Company, LLC,
Jeremy Joerger, and J.J. Taylor Distributing Florida, Inc., and
Request for Expedited Hearing, incorporating the principal terms of
the Agreement, and the Plan Support Agreement, which are
incorporated into this Third Amended Plan of Reorganization,
including updated Projections, and Liquidation Analysis
(collectively the "Mediated Plan");

     * Debtor filed this Plan as its Mediated Plan;

     * By Order of this Court, the Trial and any and all hearings
on any other matters that were set for, or related to the Trial,
including Debtor's pending Motions for Summary Judgment were all
cancelled, the Pretrial Order was withdrawn, and the confirmation
hearing on this Mediation Plan has been rescheduled for April 28,
2021, at 10:00 a.m.;

    * The Parties to the Agreement (i) cancelled all remaining
depositions scheduled, and/ or witnesses subpoenaed, which was done
by J.J. Taylor on April 1 & 2, 2021 and by Debtor on April 2, 2021;
and (ii) withdrew all pending discovery requests between the
Parties which were done by both J.J. Taylor and Debtor on April 2,
2021;

     * J.J. Taylor amended the Rejection Claim Amount of the Claim
to $2,418,585.00, which is the amount set forth in the Mazzoni
Declaration, based upon the standard in the Beer distribution
industry, against J.J. Taylor's trailing twelve month Gross Profit
Margin under the Distribution Agreement with Debtor measured from
the effective date of the rejection, the Petition Date; which was
done on April 2, 2021 thereby amending the total amount of the
Claim to $2,425,586.30 (the "Amended Claim Amount"; and,

     * Debtor and Joerger agreed to the entry and submission of an
Agreed Order, already submitted to the Bankruptcy Court,
withdrawing, and overruling Debtor's Claim Objection, and allowing
the Claim, in the Amended Claim Amount ("J.J. Taylor's Allowed
Claim"), the entry of which is a required condition precedent under
the Plan Support Agreement.

Class 6 consists of General Unsecured Claims in the amount of
$3,528,000.00. Class 6 consists of the Allowed Unsecured Claims not
otherwise classified under the Plan. The Holder of Allowed
Unsecured Claim shall share Pro Rata in the Beer Brand Proceeds,
and Debtor's Estate's net proceeds from the sale of AMB's
Collateral.

Joerger shall assign, fully contribute, and otherwise absolutely
convey in their entirety, the Beer Brands, and all intellectual
property in the same, to Debtor's Estate (the "Beer Brands
Contribution") to be used to pay allowed claims as provided under
this Plan, and as otherwise provided for under the Plan Support
Agreement, though Joerger will be entitled to use the name and
mark, "JDub's" in his own personal life, but not for any business
purposes that would be in competition with Debtor, its successors
or potential buyers of the Beer Brands, and/ or the Debtor's
Estate's assets.

In exchange for, and upon, the Beer Brands Contribution, Joerger
shall receive from Debtor's Estate 50% of the Beer Brand Proceeds.
The Allowed Administrative Expense Claim of (a) the Debtor’s
approved employed Professionals, and (b) the Subchapter V Trustee
shall be secured by a security interest and Lien in the Beer
Brands, and the Beer Brand Proceeds.

To fund the Debtor's business operations and marketing of Debtor's
Estate's assets from the Confirmation Date through the conclusion
of the Asset Sale under this Plan, the Founder has agreed to
provide the Founder Exit Funding through a loan to the Debtor such
additional funds as may be necessary to sustain business operations
through closing of the Asset Sale under such reasonable lending
terms and conditions as may be approved by the Bankruptcy Court and
derived from the proceeds of the Sale of the Founder Washington
Property.

Debtor and Joerger have committed to increasing the manufacturing
and distribution of the Beer Brands from April 1, 2021 through the
sale of the Debtor's Assets with the intent to maximize the sale
price of the Debtor's Assets, including the Beer Brands. Debtor has
started the process of marketing for an Asset Sale, including the
Beer Brands, and all rights associated with the same, to a buyer or
buyers, including amending its pending Sale Motion(s), so as to
conduct the Asset Sale that may be a combined sale of the Beer
Brands and the AMB Collateral, or the AMB Collateral being sold
separately. Debtor will retain a professional with experience in
valuing and selling Beer Brands, to conduct, the Asset Sale,
including the marketing, soliciting of buyers, coordinating due
diligence, soliciting stalking horse and other bidders, and
auctioning of the assets of Debtor's Estate.

A full-text copy of the Third Amended Plan dated April 20, 2021, is
available at https://bit.ly/3sRMQXu from PacerMonitor.com at no
charge.

Counsel for the Debtor:

     David S. Jennis
     Daniel E. Etlinger
     Jennis Law Firm
     606 East Madison Street
     Tampa, FL 33602
     Telephone: (813) 229-2800
     Email: djennis@jennislaw.com
            detlinger@jennislaw.com

                  About JDub's Brewing Company

JDub's Brewing Company, LLC, is a privately held company in the
beverage manufacturing industry.

The company sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No.20-02926) on April 6, 2020.  In the
petition signed by CEO Jeremy Joerger, the company disclosed
$697,542 in assets and $1,687,781 in debt.  Judge Michael G.
Williamson is assigned to the case.  Daniel Etlinger, Esq., at
David Jennis, PA, d/b/a Jennis Law Firm, is serving as the Debtor's
counsel.


K3D PROPERTY: Court Approves Disclosure Statement
-------------------------------------------------
Judge Shelley D. Rucker approved the Disclosure Statement to the
Chapter 11 Plan of Reorganization of K3D Property Services, LLC.
The Court entered the order based on the Debtor's representation
that changes would be made to supplement the Disclosure Statement
addressing certain objections and changes to satisfy the Court, the
United States Trustee, and Truist Bank.

                   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.


KLX ENERGY: Incurs $30.5 Million Net Loss in Fourth Quarter
-----------------------------------------------------------
KLX Energy Services Holdings, Inc. reported financial results for
its fiscal fourth quarter and full fiscal year ended Jan. 31,
2021.

Fiscal Fourth Quarter 2020 Highlights

   * Revenue of $86.8 million increased $15.9 million, or 22.4%
     sequentially from the fiscal third quarter 2020

   * Net loss of $30.5 million decreased $7.8 million, or 20.4%
     sequentially from the fiscal third quarter 2020

   * Adjusted EBITDA loss of $2.6 million improved $2.8 million,  

     compared to the fiscal third quarter 2020

   * Ended the fiscal fourth quarter with $47.1 million in cash
and
     $82.0 million in total liquidity

   * As of April 2021, successfully integrated the QES merger and
     fully implemented at least $46.0 million of cost synergies

Chris Baker, president and chief executive officer of KLXE, stated,
"We are pleased to report that despite the overhanging issues
brought about by COVID-19, we saw broad-based macroeconomic
improvement that benefited all our business lines in our fiscal
fourth quarter, and this is directly reflected in our financial
results.  2020 fiscal fourth quarter revenues were up approximately
22% sequentially to $87 million and Adjusted EBITDA improved
approximately $3 million."

"I'm also pleased to report that following the QES merger, the
integration of our operations was successfully completed ahead of
schedule," continued Baker.  "With the closure of our Florida
legacy corporate headquarters and the relocation of all key
functions to Houston having been completed in the third quarter, we
then undertook eliminating redundancies and duplicative functions
throughout our operations in the fourth quarter.  In May 2020, we
stated that we expected to generate annualized cost synergies of
$40.0 million within twelve months.  As part of the integration
process, during the third quarter, we identified additional cost
savings and have now fully realized a total of $46.0 million in
projected savings, approximately six months ahead of schedule.  I'm
very proud of the team and would like to thank the tireless efforts
of our employees in bringing the integration to a successful
conclusion."

"With our merger integration now largely complete, we return our
focus on continuing to pursue organic margin enhancing initiatives
and continuing to lead the effort to consolidate the oilfield
service industry in 2021 and beyond," added Baker.  "Given our
history of successfully executing on mergers and acquisitions, we
have shown that we can increase economies of scale, enhance
operating efficiencies, and drive meaningful shareholder value
through consolidation.  It remains a fundamental part of our
strategy to become a low-cost-structure provider of high-quality
drilling, completion and production services."

"Turning to fiscal 2021, KLXE, like most of our peers, experienced
a material slow down due to the unprecedented Winter Storm Uri and
its aftermath in February.  Despite the extremely challenging start
to our fiscal first quarter, we believe we are well positioned to
strongly rebound for the remainder of fiscal year 2021," concluded
Baker.

Fiscal Fourth Quarter 2020 Financial Results

Revenue for the fiscal fourth quarter of 2020 totaled $86.8
million, an increase of 22.4%, compared to fiscal third quarter
revenue of $70.9 million.  The increase in revenue reflects the
impact of an improvement in drilling and completions and to a
lesser extent, production and intervention activity during the
fiscal fourth quarter compared to the fiscal third quarter.  On a
product line basis, drilling, completion, production and
intervention services contributed approximately 24.3%, 49.4%, 13.0%
and 13.3%, respectively, to fiscal fourth quarter revenues.

Net loss for the fiscal fourth quarter of 2020 was $30.5 million,
compared to third quarter net loss of $38.3 million.  Adjusted
EBITDA loss for the fiscal fourth quarter of 2020 was $2.6 million,
an improvement of $2.8 million compared to fiscal third quarter
Adjusted EBITDA loss of $5.4 million.

Total debt outstanding as of Jan. 31, 2021 was $243.9 million,
compared to $243.0 million as of Jan. 31, 2020.  As of Jan. 31,
2021, cash and equivalents totaled $47.1 million.  Total available
liquidity as of Jan. 31, 2021 was approximately $82.0 million,
including net availability under its undrawn ABL Facility.

Capital expenditures were $1.1 million during the fiscal fourth
quarter of 2020, a decrease of $1.5 million, or 57.7% compared to
capital expenditures of $2.6 million in the fiscal third quarter of
2020.  Capital spending during the fiscal third and fourth quarters
of 2020 was driven primarily by maintenance capital expenditures
across KLXE's segments.  KLXE expects fiscal year 2021 capital
spending to be between $15 and $20 million and be primarily focused
on maintenance capital spending.

                        About KLX Energy

Headquartered in Wellington, Florida, KLX Energy Services Holdings,
Inc. is a provider of diversified oilfield services to leading
onshore oil and natural gas exploration and production companies
operating in both conventional and unconventional plays in all of
the active major basins throughout the United States.  The Company
delivers mission critical oilfield services focused on drilling,
completion, intervention and production activities for the most
technically demanding wells from over 60 service facilities located
in the United States.  KLXE's complementary suite of proprietary
products and specialized services is supported by technically
skilled personnel and a broad portfolio of innovative in-house
research and development, manufacturing, repair and maintenance
capabilities.

As of Oct. 31, 2020, KLX Energy had $397.6 million in total assets,
$82.6 million in total current liabilities, $243.6 million in
long-term debt, $0.1 million in deferred income taxes, $9.4 million
in other non-current liabilities, and $61.9 million in total
stockholders' equity.  KLX Energy recorded a net loss of $96.4
million for the year ended Jan. 31, 2020.

                           *   *   *

As reported by the TCR on Feb. 23, 2021, Moody's Investors Service
has completed a periodic review of the ratings of KLX Energy
Services Holdings, Inc. and other ratings that are associated with
the same analytical unit.  KLX Energy Services Holdings, Inc.'s
(KLXE) Caa1 Corporate Family Rating reflects the company's
relatively small scale while providing a range of well completion,
intervention, drilling and production services in a highly cyclical
industry.

In April 2020, S&P Global Ratings lowered its issuer credit rating
on KLX Energy Services Holdings Inc., a U.S.-based provider of
onshore oilfield services and equipment, to 'CCC+' from 'B-'.
"Demand for onshore U.S. oilfield services collapsed along with oil
prices.  The recent fall in oil prices has led many E&P companies
to announce material cuts to capital spending plans, leading us to
reduce our demand expectations for the oilfield services sector.
We now expect oilfield services demand could decline by about 30%
in the U.S. in 2020, with further downside risk if the current weak
price environment remains for a prolonged period," S&P said.


KONTOOR BRANDS: Moody's Affirms Ba2 CFR & Alters Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service changed Kontoor Brands, Inc.'s outlook to
stable from negative and affirmed its ratings, including its Ba2
corporate family rating; Ba3-PD probability of default rating; and
Ba2 ratings on its senior secured credit facilities. The company's
speculative grade liquidity rating was upgraded to SGL-1 from
SGL-2.

"The outlook change to stable reflects our expectation for
continued sequential improvement in Kontoor's operating performance
and credit metrics in 2021," stated Mike Zuccaro, Moody's Vice
President. The affirmation acknowledges that Kontoor ended 2020
with a better than expected recovery in sales and EBITDA in the
third and fourth quarters and strong free cash flow that was used
for debt reduction. As a result, credit metrics remained in line
with the Ba2 CFR. Moody's expects further improvement in 2021, led
by a recovery in overall apparel spending and expansion of new
businesses such as Lee in Wal-Mart and Wrangler in China, and from
further debt reduction. Margins will also benefit from recent cost
savings and efficiency initiatives, leveraging of manufacturing
costs on improving sales, and growth in digital and international
sales.

The upgrade to SGL-1 reflects the company's improved liquidity
position, supported by $248 million of cash at the end of 2020 and
solid operating cash flow, which Moody's expects to fully cover
cash flow needs in 2021, including capital spending, dividends and
debt reduction. In addition, the company repaid all outstanding
borrowings under its $500 million revolving credit facility in
2020. Given its expectation for improving operating performance and
cash flow, the company terminated the temporary covenant relief it
obtained in May 2020. Nevertheless, Moody's expects Kontoor to
maintain ample cushion under its financial covenants.

Affirmations:

Issuer: Kontoor Brands, Inc.

Corporate Family Rating, Affirmed Ba2

Probability of Default Rating, Affirmed Ba3-PD

Senior Secured Bank Credit Facility, Affirmed Ba2 (LGD3)

Upgrades:

Issuer: Kontoor Brands, Inc.

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

Outlook Actions:

Issuer: Kontoor Brands, Inc.

Outlook, Changed To Stable from Negative

RATINGS RATIONALE

Kontoor's Ba2 CFR reflects the iconic nature of its two main
brands, Wrangler and Lee, both with global reach, meaningful scale
and deep customer relationships. The rating also reflects the
company's solid profitability, with EBITDA margins typically in the
low-teens, consistent free cash flow generation, and governance
considerations such as a conservative leverage policy that balances
a focus on debt repayment with a high dividend payout. Although the
global coronavirus pandemic resulted in a temporary weakening in
operating performance, credit metrics have remained solid, with
lease-adjusted debt-to-EBITDAR of around 3.7x and EBITA-to-interest
exceeding 4.0x. Kontoor's liquidity profile is very good, supported
by solid free cash flow generation, $248 million of cash as of
January 2, 2021, and ample availability under its $500 million
revolving credit facility.

The rating is constrained by high sales concentration within one
major customer and limited product diversification with a majority
of total company sales derived from the sale of men's bottoms. The
rating also considers exposure to fashion risk, and volatile input
costs and foreign exchange rates, all of which can have a
meaningful impact on earnings and cash flows.

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

Ratings could be upgraded through sustained revenue and earnings
growth in both brands, increased product and customer diversity,
continued positive free cash flow and debt reduction with
lease-adjusted debt-to-EBITDAR sustained below 3.25 times and
FFO/Net Debt in the mid- to high-20% range.

The ratings could be downgraded if revenue or earnings
deteriorated, if liquidity weakened through free cash flow turning
negative or tighter covenant cushion, or if financial policies were
to be more aggressive than anticipated, such as higher than
expected shareholder returns. Specific metrics include
lease-adjusted debt-to-EBITDAR sustained above 4.0 times or FFO/Net
Debt falling below 20% on a sustained basis.

Kontoor Brands, Inc., ("Kontoor") headquartered in Greensboro,
North Carolina, is a leading global denim and apparel company
consisting mainly of its Wrangler and Lee brands.

The principal methodology used in these ratings was Apparel
Methodology published in October 2019.


LADAN INC: Court Confirms Reorganization Plan
---------------------------------------------
Judge Dennis Montali of the U.S. Bankruptcy Court for the Northern
District of California approved on a final basis the Disclosure
Statement in support of the Plan of Reorganization of Ladan, Inc.
Judge Montali also confirmed the Debtor's Plan of Reorganization
dated March 10, 2021, after having determined that the requirements
set forth in Section 1129(a) of the Bankruptcy Code have been
satisfied.

As reported in the Troubled Company Reporter, Ladan, Inc.,
submitted a Combined Plan of Reorganization and Disclosure
Statement dated March 10, 2021.  General unsecured creditors shall
receive a pro-rata portion of $504,046, likely to result in a 10%
recovery of allowed claims in quarterly payments over 20 quarters.

                        About Ladan Inc.

Ladan, Inc. -- http://ludwigsfinewine.com/-- is a privately held
company that owns and operates wine, beer, and liquor stores.
Ladan, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Cal. Case No. 20-30130) on Feb. 6, 2020.  The
case is assigned to Judge Dennis Montali. In the petition signed by
Magid Nazari, president, the Debtor had $258,503 in assets and
$7,672,414 in liabilities.  Jeffrey Goodrich, Esq., at GOODRICH &
ASSOCIATES, is the Debtor's counsel.




LAROCHE CARRIER: Amends Administrative Claims Pay Details
---------------------------------------------------------
LaRoche Carrier, LLC, submitted an Amended Disclosure Statement for
the Small Business Chapter 11 Plan dated April 20, 2021.

The Amended Disclosure Statement discusses the changes made to
Administrative expenses with $40,000 attorney fees and a proposed
treatment of $400 monthly.

The IRS has an estimated allowed claim of $2,025 which shall be
paid $100.00 monthly for 25 months for a total payout of $2,400.

Like in the prior iteration of the Plan, General unsecured claims
consist of claims of Octagon Tire Holdings LLC totaling $7,395,
First Ins. Funding, Lake Forest Bk & Trust Co., NA totaling
$28,586, Mercedez Benz Fin. Serv. USA LLC totaling $41,243 and
Mingo Agency/Milton Mingo totaling $31,433 will receive no
distribution.

Operations including distributions under the plan will be funded by
truck driving operations.  The Debtor also generates income by the
leasing of a semi-tractor & trailer.  The Debtor plans to offer a
stock to Jean-Paul Kalonji, an insider, for the purchase of $10,000
Jean-Paul-Kalonji will then be the sole owner of Laroche Carrier,
LLC.

A full-text copy of the Amended Disclosure Statement dated April
20, 2021, is available at https://bit.ly/3xu414X from
PacerMonitor.com at no charge.

                      About LaRoche Carrier

LaRoche Carrier, LLC, was engaged in using multiple vehicles and
multiple trailers.  The company was paying drivers by the miles and
ran into difficulty keeping drivers and also having mechanical
failures for both the tractors and the trailers.

Laroche Carrier LLC sought Chapter 11 protection (Bankr. N.D. Ind.
Case No. 19-10532) on April 1, 2019.  Frederick W. Wehrwein, Esq.,
at FRED WEHRWEIN, P.C., is the Debtor's counsel.


LATAM AIRLINES: Judge Says It's Too Early to Know If Co. Is Solvent
-------------------------------------------------------------------
Jeremy Hill of Bloomberg News reports that a bankruptcy judge says
that it is too early to know if Latam Airlines is solvent.

It's still too early to tell whether Latam Airlines Group
shareholders may be entitled to a recovery in the company's
bankruptcy, Judge James L. Garrity Jr. said in a hearing Thursday,
April 22, 2021.

"It's premature, in my view, to make a determination that the
estate is solvent," Garrity said to a stockholder vying for the
formation of an equity committee in the bankruptcy.

A rally in Latam bond prices and a stock market capitalization of
more than $1 billion don't necessarily mean the airline is solvent,
Garrity said.

                      About LATAM Airlines Group

LATAM Airlines Group S.A. -- http://www.latam.com/-- is a
pan-Latin American airline holding company involved in the
transportation of passengers and cargo and operates as one unified
business enterprise.  It is the largest passenger airline in South
America.

Before the onset of the COVID-19 pandemic, LATAM offered passenger
transport services to 145 different destinations in 26 countries,
including domestic flights in Argentina, Brazil, Chile, Colombia,
Ecuador and Peru, and international services within Latin America
as well as to Europe, the United States, the Caribbean, Oceania,
Asia and Africa.

LATAM and its 28 affiliates sought Chapter 11 protection (Bankr.
S.D.N.Y. Lead Case No. 20-11254) on May 25, 2020.  Affiliates in
Chile, Peru, Colombia, Ecuador and the United States are part of
the Chapter 11 filing.

The Debtors disclosed $21,087,806,000 in total assets and
$17,958,629,000 in total liabilities as of Dec. 31, 2019.

The Hon. James L. Garrity, Jr., is the case judge.

The Debtors tapped Cleary Gottlieb Steen & Hamilton LLP as
bankruptcy counsel, FTI Consulting as restructuring advisor, Lee
Brock Camargo Advogados as local Brazilian litigation counsel, and
Togut, Segal & Segal LLP and Claro & Cia in Chile as special
counsel. The Boston Consulting Group, Inc. and The Boston
Consulting Group UK LLP serve as the Debtors' strategic advisors.
Prime Clerk LLC is the claims agent.

The official committee of unsecured creditors formed in the case
tapped Dechert LLP as its bankruptcy counsel, Klestadt Winters
Jureller Southard & Stevens, LLP as conflicts counsel, UBS
Securities LLC as investment banker, and Conway MacKenzie, LLC as
financial advisor.  Ferro Castro Neves Daltro & Gomide Advogados,
is the committee's Brazilian counsel.

The Ad Hoc Group of LATAM Bondholders tapped White & Case LLP as
counsel.


LATAM AIRLINES: Will Present Ch.11 Exit Plan Before End of June
---------------------------------------------------------------
Eduardo Thomson of Bloomberg News reports that Latam Airlines plans
to present its reorganization plan to exit Chapter 11 before the
June 30, 2021 deadline, CEO Roberto Alvo said at the company's
shareholder meeting.

Latam could request an extension of the term to the court but it is
not the baseline scenario they are contemplating, said Alvo.

Latam hopes to obtain approval of the plan and exit Chap. 11 by the
end of 2021, Alvo said.

                    About LATAM Airlines Group

LATAM Airlines Group S.A. -- http://www.latam.com/-- is a
pan-Latin American airline holding company involved in the
transportation of passengers and cargo and operates as one unified
business enterprise. It is the largest passenger airline in South
America.

Before the onset of the COVID-19 pandemic, LATAM offered passenger
transport services to 145 different destinations in 26 countries,
including domestic flights in Argentina, Brazil, Chile, Colombia,
Ecuador and Peru, and international services within Latin America
as well as to Europe, the United States, the Caribbean, Oceania,
Asia and Africa.

LATAM and its 28 affiliates sought Chapter 11 protection (Bankr.
S.D.N.Y. Lead Case No. 20-11254) on May 25, 2020.  Affiliates in
Chile, Peru, Colombia, Ecuador and the United States are part of
the Chapter 11 filing.

The Debtors disclosed $21,087,806,000 in total assets and
$17,958,629,000 in total liabilities as of Dec. 31, 2019.

The Hon. James L. Garrity, Jr., is the case judge.

The Debtors tapped Cleary Gottlieb Steen & Hamilton LLP as
bankruptcy counsel, FTI Consulting as restructuring advisor, Lee
Brock Camargo Advogados as local Brazilian litigation counsel, and
Togut, Segal & Segal LLP and Claro & Cia in Chile as special
counsel.  The Boston Consulting Group, Inc. and The Boston
Consulting Group UK LLP serve as the Debtors' strategic advisors.
Prime Clerk LLC is the claims agent.

The official committee of unsecured creditors formed in the case
tapped Dechert LLP as its bankruptcy counsel, Klestadt Winters
Jureller Southard & Stevens, LLP as conflicts counsel, UBS
Securities LLC as investment banker, and Conway MacKenzie, LLC as
financial advisor. Ferro Castro Neves Daltro & Gomide Advogados, is
the committee's Brazilian counsel.

The Ad Hoc Group of LATAM Bondholders tapped White & Case LLP as
counsel.


LAWNOOD PROFESSIONAL: Seeks to Hire Kelley Fulton as Legal Counsel
------------------------------------------------------------------
Lawnwood Professional Center Condominium Association seeks approval
from the U.S. Bankruptcy Court for the Southern District of Florida
to hire Kelley Fulton & Kaplan, P.L. as its legal counsel.

The firm will render these services:

     (a) give advice to the Debtor with respect to its powers and
duties and the continued management of its business operations;

     (b) advise the Debtor with respect to its responsibilities in
complying with the U.S. trustee's operating guidelines and
reporting requirements and with the rules of the court;

     (c) prepare legal documents;

     (d) protect the interest of the Debtor in all matters pending
before the court; and

     (e) represent the Debtor in negotiation with its creditors in
the preparation of a Chapter 11 plan.

The firm will be paid at these rates:

     Senior Partner Attorney     $500 per hour
     Junior Partner Attorney     $400 per hour

Kelley Fulton & Kaplan will also be reimbursed for out-of-pocket
expenses incurred.  It received a retainer in the amount of
$50,000.  

Craig Kelley, Esq., a partner at Kelley Fulton & Kaplan, disclosed
in a court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

Kelley Fulton can be reached at:

     Craig I. Kelley, Esq.
     Kelley Fulton & Kaplan, P.L.
     1665 Palm Beach Lakes Blvd.
     The Forum - Suite 1000
     West Palm Beach, FL 33401
     Tel: (561) 491-1200
     Fax: (561) 684-3773

                 About Lawnwood Professional Center
                      Condominium Association

Lawnwood Professional Center Condominium Association sought
protection for relief under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Fla. Case No. 21-13406) on April 9, 2021, listing
under $1 million in both assets and liabilities.  Judge Erik P.
Kimball oversees the case.  The Debtor is represented by Kelley
Fulton & Kaplan, P.L.


LEED CORP: April 29 Hearing on $140K Sale of Shoshone Property
--------------------------------------------------------------
Judge Aaron J. Tolson of the U.S. Bankruptcy Court for the District
of Idaho will convene a telephonic hearing on April 29, 2021, at
2:30 p.m. to consider The Leed Corp.'s sale of the property
commonly known at 252, 253, 256, and 257 of Mariposa Way, Shoshone,
Idaho 83352, legally described as lot 17 Block ,3, Lot 4 Block 4,
Lot 19 Block 3, and Lot 2 Block 4 of the Greencut Subdivision in
the City of Shoshone, Lincoln County, Idaho, to H Properties LLC
for $140,000.

The Conference Number is 1-877-336-1831 and the Access Code is
777833 5#.

                    About The Leed Corporation

The Leed Corporation, a company that provides landscape services,
filed its voluntary petition under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 20-40984) on Dec. 31, 2020.  Leed
Corporation President Lon Montgomery, signed the petition.  In the
petition, the Debtor disclosed assets of between $1 million and
$10
million and liabilities of the same range.

Judge Jim D. Pappas oversees the case.

The Debtor tapped Aaron Tolson, Esq., at Tolson & Wayment PLLC, as
its legal counsel, and Jason L. Peterson, CPA as its accountant.



LEED CORP: H Properties LLC Buying Shoshone Property for $140K
--------------------------------------------------------------
The Leed Corp. asks the U.S. Bankruptcy Court for the District of
Idaho to authorize the sale of the property commonly known at 252,
253, 256, and 257 of Mariposa Way, in Shoshone, Idaho 83352,
legally described as lot 17 Block ,3, Lot 4 Block 4, Lot 19 Block
3, and Lot 2 Block 4 of the Greencut Subdivision in the City of
Shoshone, Lincoln County, Idaho, to H Properties LLC for $140,000.

The Debtor, who has 50% ownership in Northside Developers, LLC,
proposes to sell the Property.  The particulars of the sale are in
the Real Estate Purchase and Sale Agreement.  The proposed sale
will take place after April 29, 2020 as arranged through a title
company.

The purchase price for the four lots is $140,000.  A $5,000-earnest
money has been paid.  Craig Hadden is the real estate professional
to be employed and his professional application is pending approval
by the Court.  The fee is a standard 6% fee on the sale, or
$8,400.

Whether the property is to be sold free and clear of any interest,
liens orencumbrances, and, if so, an explanation of how the sale is
authorized by the secured party under 1 1 U.S.C. Section 363(f);
REd Rock Capital, LLC will release its' mortgage interest in 252,
253, 256, and 257 of Mariposa Way, Shoshone, Idaho 83352, legally
described as lot 17 Block 3, Lot 4 Block 4, Lot 19 Block 3, and Lot
2 Block 4 of the Greencut Subdivision in the City of Shoshone,
Lincoln County, Idaho.

Upon satisfaction of its' mortgage interest at closing on or before
4-30-2021.  Upon the approval of Red Rock Capital, LLC, the junior
Lien Holders will receive 2,000 per lot on a pro-rata basis as
follows and will release their junior positions at closing on or
before 4-30-2021.

The estimated fair market value of the property and a brief
statement of the basis for the estimate.  The lots were listed at
$39,900 and the Buyer offered $35,000 cash for each lot for the
purchase (of all 4 lots and the Seller accepted the offer as
reasonable for the sale of 4 lots at one time).

If known, the amounts of each lien or encumbrance claimed against
the property and the identity of each lienholder are: First
Mortgage Red Rock Capital - $262,000, Junior Lien Maynes Taggert -
$220,561, Junior Lien Tax Management Services - $4,000, and Junior
Lien Nathan Olsen - $67,839.  

The proposed disposition of the proceeds of sale will include any
proposed compensation to brokers, auctioneers, or other
professionals will be paid from the proceeds of sale.

The Objection Deadline is April 28, 2021.

All interests in the property sold free and clear will attach to
the proceeds of the sale, except as otherwise provided in the
notice.

A copy of the Agreement is available at
https://tinyurl.com/k889fbd6 from PacerMonitor.com free of charge.

                    About The Leed Corporation

The Leed Corporation, a company that provides landscape services,
filed its voluntary petition under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 20-40984) on Dec. 31, 2020.  Leed
Corporation President Lon Montgomery, signed the petition.  In the
petition, the Debtor disclosed assets of between $1 million and
$10
million and liabilities of the same range.

Judge Jim D. Pappas oversees the case.

The Debtor tapped Aaron Tolson, Esq., at Tolson & Wayment PLLC, as
its legal counsel, and Jason L. Peterson, CPA as its accountant.



LGS STECK MEMORIAL: Gets Access to Cash Collateral Thru June 30
---------------------------------------------------------------
Judge Mary Jo Heston of The U.S. Bankruptcy Court for the Western
District of Washington authorized L. G. Steck Memorial Clinic,
P.C., to use the cash collateral of the Internal Revenue Service
through June 30, 2021 solely to pay the ordinary and necessary
business expenses, pursuant to the budget.

The Internal Revenue Service is granted valid, binding, enforceable
and perfected security interests and liens in the same priority as
they existed before the Petition Date in all personal property of
the Debtor, for the amount of diminution in the value of IRS'
collateral.  Moreover, the Debtor will pay the IRS $10,000 monthly,
by the first of each month, to be applied to IRS' outstanding
secured claim.

A copy of the order is available for free at https://bit.ly/2P63Ueo
from PacerMonitor.com.

                  About L.G. Steck Memorial Clinic

L. G. Steck Memorial Clinic, P.C., is a professional service
corporation that provides health care services.  The Company was
incorporated in 1977 and does business as The Steck Medical Group.


L. G. Steck filed a Chapter 11 petition (Bankr. W.D. Wa. Case No.
19-43334) on Oct. 17, 2019, in Tacoma, Washington.  In the petition
signed by Hugo De Oliveira, chief administrative officer, signed
the petition, the Debtor was estimated with assets between $500,000
and $1 million, and liabilities between $1 million and $10
million.

The case is assigned to Judge Mary Jo Heston.  The Tracy Law Group
PLLC is the Debtor's counsel.



LIFE CARE: Fitch Rates $87MM Revenue Bonds 'BB+
-----------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to $87 million of series
2021A fixed rate revenue bonds to be issued by the St. Johns County
(FL) Industrial Development Authority on behalf of Life Care Ponte
Vedra (dba Vicar's Landing; VL). Fitch has also downgraded VL's
Issuer Default Rating (IDR) to 'BB+' from 'BBB' in the context of
the debt issuance.

The Rating Outlook has been revised to Stable from Negative.

Excluding temporary debt, VL's total pro forma debt outstanding is
approximately $129 million. In addition to the series 2021A fixed
rate revenue bonds, VL also has a $42 million 31-year ground lease
that was entered into in 2020 as part of the Oak Bridge project.

VL's plan of finance also includes temporary debt, much of which
will be issued later in 2021 and 2022 (and repaid by fiscal 2023).
The temporary debt includes a $20 million taxable bank line of
credit with BBVA ($12.5 million of which has been withdrawn to
date) and $31.2 million of tax-exempt variable rate series 2021B
bonds (to be held directly by BBVA and issued later in 2021 and
2022). The 2020 bank line and series 2021B bonds will be repaid
with entrance fees from VL's Oak Bridge expansion project (the line
of credit will be repaid first).

Proceeds from the financing plan will be used to: support
construction of the Oak Bridge expansion campus project; refund
existing series 2014 and series 2016 BBVA loans (of approximately
$24 million); fund a debt service reserve fund (DSRF) and a
capitalized interest fund; terminate VL's two swaps outstanding;
and pay the costs of issuance. The series 2021A bonds are expected
to price on May 26, 2021.

SECURITY

The series 2021A bonds are expected to be secured by a revenue
pledge of the obligated group (OG). The OG will consist of the
existing VL campus as well as the Oak Bridge expansion campus, both
in Ponte Vedra Beach, FL. VL's MTI is being updated as part of the
2021 financing and is expected to include debt service coverage and
liquidity tests and an additional bonds test.

ANALYTICAL CONCLUSION

The 'BB+' IDR reflects VL's somewhat modest financial profile in
the context of a solid market position in a very good service area
and track-record of strong operational performance. Pro forma
cash-to-adjusted debt and maximum annual debt service (MADS)
coverage are consistent with the high-end of a
below-investment-grade life plan community (LPC) given the level of
new debt associated with the financing to support construction of
the Oak Bridge expansion project. While VL has faced operational
pressures because of the coronavirus pandemic, favorably, the
organization continued to generate good operating margins and
recorded positive net entrance fees in 2020 despite the pandemic.
Fitch expects VL to continue to record good margins in fiscal 2021
and beyond.

Capital spending will be robust in fiscals 2021 and 2022 as VL
continues to develop the Oak Bridge expansion project. Phase I of
the project includes 109 independent living units (ILUs, including
cottages) and a club house. VL maintains a current waitlist of
approximately 290, which indicates strong demand in the market.
Subsequent Oak Bridge phases and any associated new debt are not
factored into the current rating. Management notes that of the 109
Phase I ILUs, over 60% have depositors; the initial ILUs are not
expected to open until spring/summer 2022, and therefore there is
ample time to pre-sale the remaining units.

Despite the more modest pro forma ratios, Fitch's forward look
indicates that should operating margins hold up and VL generate
successful entrance fees, capital-related ratios by years four and
five of the scenario analysis could approach metrics more
consistent with an investment-grade rating.

KEY RATING DRIVERS

Revenue Defensibility: 'a'

Leading High-End LPC in a Quality Service Area

VL benefits from its position as the leading high-end LPC in the
broad service area and its advantageous location in Ponte Vedra
Beach, FL. The organization has a strong waitlist and property
values in the immediate service area are above average and growing.
Ponte Vedra is one of the wealthiest communities in the
Jacksonville area. Competition is present in the broader metro
Jacksonville, although somewhat limited in the immediate service
area.

Operating Risk: 'bbb'

Strong Operating History; Major Capex and Associated New Debt
Stress Capital Ratios

VL's midrange operating risk assessment is supported by a history
of strong operating margins balanced by a significant capital
spending project and associated new debt. Even before the opening
of the Oak Bridge expansion project (expected in 2022), VL's
average age of plant is favorably low.

Financial Profile: 'bb'

Moderately Stressed Financial Profile in the Forward-Look

Given the strong revenue defensibility and midrange operating risk
assessments, VL's financial profile is moderately weak in Fitch's
forward-looking scenario analysis. If the Oak Bridge project is
executed and entrance fees and unit move-ins follow as expected,
improved cash flow generation could lead to stronger capital ratios
over time and an improved financial profile.

ASYMMETRIC ADDITIONAL RISK CONSIDERATIONS

There are no asymmetric risk considerations associated with VL's
rating.

RATING SENSITIVITIES

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

-- Successful completion of Oak Bridge expansion project on time
    and on budget, with robust entrance fees and limited operating
    disruptions, leading to increased cash flow generation;

-- Liquidity growth leading to notably improved cash-to-adjusted
    debt over current pro forma levels.

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

-- Unexpected challenges executing the Oak Bridge leading to
    delays and cost overruns;

-- Weaker than anticipated entrance fees for Oak Bridge or other
    unexpected operating disruptions resulting in compressed
    operating metrics and thinner MADS coverage;

-- Softer liquidity and/or material new money debt issuance
    leading to lighter cash-to-adjusted debt relative to current
    pro forma levels.

BEST/WORST CASE RATING SCENARIO

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

CREDIT PROFILE

VL is a Type A LPC consisting of 227 ILUs (including 15 cottages),
38 private assisted living units (ALU), and a 60-bed skilled
nursing facility. The community is located in Ponte Vedra Beach,
FL, approximately 25 miles southeast of downtown Jacksonville.
Historically, most residents had been on refundable entrance fee
contracts, but VL has been transitioning to non-refundable
contracts, and its associated refundable entrance fee liability has
declined. To this point, management reports VL has not sold a
refundable contract since 2018. VL received its last accreditation
survey in 2018, and its next survey is due in 2023. In fiscal 2020
(Dec. 31 year-end), VL recorded approximately $28 million in total
audited operating revenue.

The sole corporate member of VL is Life Care Pastoral Services
(LCPS). There are no cross-obligations between VL and LCPS.

REVENUE DEFENSIBILITY

VL's ILU occupancy rate is high, and has been strong for many
years. In 2020, ILU occupancy averaged 97.5% and measured above 98%
at year-end. This continues a trend of occupancy above 95%. Not
surprisingly however, assisted living (ALU) and skilled nursing
(SNF) occupancy rates were hit by the pandemic. ALU occupancy
dropped to an average of approximately 80% in 2020, after measuring
in the 90% range in prior years. SNF occupancy averaged 60% in
2020, down from 75% in 2019. This trend of ALU and SNF occupancy
rates in 2020 is consistent with industry trends across the U.S.
during the pandemic.

VL maintains a waitlist of approximately 290, which indicates
strong demand for its current property as well as for the Oak
Bridge expansion campus. Moreover, more than 60% of the 109 ILU Oak
Bridge Phase I project has depositors in place. Fitch expects VL's
ILU occupancy will remain strong and that ALU and SNF occupancy
rates will rebound.

The majority of VL's residents come from the nearby beach
communities. The service area around Ponte Vedra Beach is strong.
Based on Zillow.com data, property values are consistently well
above average. For example, the median home value estimates in
Ponte Vedra Beach and Ponte Vedra are approximately $480,000 and
$350,000, respectively, with both markets expected to continue to
see increases in home values. Moreover, management reports that
home sales are turning over very quickly. Population growth in the
broad Jacksonville area has been robust, and particularly so in St.
Johns County. Ponte Vedra Beach is among the wealthiest communities
in the area.

VL is located adjacent to the TPC Sawgrass golf course, an annual
destination for PGA tournaments. While there is no formal
relationship between VL and TPC or the PGA, Fitch views the
location favorably.

While there are other senior living options in the broad
Jacksonville area, immediate full-service competition is somewhat
limited. Cypress Village, a type A/B LPC, is located approximately
11 miles northwest of VL in the southeast corner of Jacksonville.
Fleet Landing (BBB) is a type A LPC located approximately 13 miles
north of VL in Atlantic Beach, FL. Both VL and Fleet have high
occupancy percentages, which suggest there is more than enough
demand in the market. Fleet is also opening an ILU expansion later
in 2021 on its current campus. Fitch believes that there is ample
demand for both the VL and Fleet expansion projects, supported by
the robust housing market in the area.

VL operates at an advantageous price point potential given its
attractive location and high-end service offerings. Nevertheless,
Fitch considers VL to be affordable given the high wealth capacity
in the immediate service area. Moreover, the history of high ILU
occupancy, long waitlist and manageable degree of competition
suggest VL retains pricing power.

OPERATING RISK

VL is a Type A LPC, which limits its cost management ability, given
residents pay the same monthly service fee as they age through the
continuum.

VL has a track-record of strong operating metrics, which continued
in fiscal 2020 despite the pandemic. Over the last five years, the
operating ratio, averaged just under 90%, the net operating margin
(NOM) averaged nearly 15%, and the NOM-adjusted averaged
approximately 29%. Despite the pandemic, this trajectory of good
margins was sustained in fiscal 2020, as the operating ratio, NOM
and NOM-adjusted measured 84%, 19.5% and 28%, respectively. The
maintenance of high ILU occupancy contributed to these operating
results in fiscal 2020. Moreover, VL's net entrance fees from
existing units remained positive at $2.4 million in 2020 (up from
$1.8 million in 2019) despite disruptions from the pandemic. The
operating metrics in 2020 were also bolstered by approximately $1.7
million in grant revenue, primarily in the form of CARES Act and
other stimulus funding, which helped to offset the added labor and
supply costs and decline in ALU and SNF revenue due to the
pandemic.

Fitch expects VL to continue to generate good operating metrics in
the coming years. During the construction and initial move in
phases of the Oak Bridge expansion projects margins may contract
relative to VL's strong track-record, but should remain adequate
(NOM-adjusted should remain robust as net entrance fees are
received). Moreover, after the project opens and units fill up, the
operating ratio and NOM should return to historical trends.

VL's average age of plant measured a favorably low 6.8 years at FYE
2020. Moving forward, capital spending will be robust as the
organization expects to spend nearly $90 million on the Oak Bridge
expansion campus in 2021 and 2022. Initial move in to the cottages
is expected in spring/summer 2022, while the initial hybrid ILUs
will open by year-end 2022 with the subsequent units opening before
spring 2023. Of the 109 ILUs planned as part of Phase I of the
Oakbridge project, VL already has deposits for more than 60% of the
units. Routine capital spending is expected to be in the $4
million-$6 million range over the next four years (compared with
depreciation expense in the $6 million-$10 million range over the
period). If pre-sales and entrance fees for Phase I are
particularly successful, management might consider moving forward
with Phase II of the project, which is expected to include 66
additional ILUs plus 60 ALU/memory care units.

While Oak Bridge is a significant project for VL, Fitch believes
adequate construction risk safeguards are being put in place. A
feasibility study has been developed with the assistance of a
third-party consultant, identifying market demand and cash flow
expectations. A project manager and construction teams are in place
as ground-breaking was in March 2021. VL's new CFO, who joined the
organization in 2020, has prior experience executing a large capex
project at an LPC in another market.

While VL's pro forma capital-related metrics are stressed, Fitch
expects considerable improvement in the coming years. Pro forma
debt adds to approximately $129 million (excluding the temporary
debt). Pro forma MADS is $7.1 million, leading to a high MADS as a
percent of revenue of 27%, although MADS is not in effect until
2024, at which point VL should be generating considerable revenue
from the Oak Bridge campus. Based on fiscal 2020 results,
revenue-only MADS coverage is 0.6x. Pro forma debt-to-net-available
is high at approximately 18x. While stressed for a high below
investment-grade LPC, Fitch expects considerable improvement in
these metrics after entrance fees from Oak Bridge are recorded and
the campus opens and cash flows follow. For example, in year four
of Fitch's forward-looking scenario analysis, debt-to-net available
is just under 8x and revenue-only MADS coverage exceeds 1x.

FINANCIAL PROFILE

VL's financial profile is moderately weak in the context of its
strong revenue defensibility and midrange operating risk
assessments.

Pro forma, VL has approximately $129 million of debt outstanding,
excluding approximately $51 million of temporary 2020 taxable bank
loan and series 2021B bonds. At FYE 2020, VL's had approximately
$24 million of unrestricted cash and investments.

As noted, VL's pro forma debt coverage ratios are stressed, but
based on Fitch's forward-looking scenario analysis, metrics should
improve over time. Based on fiscal 2020 results and including the
long-term debt associated with the 2021 financing, VL's pro forma
cash-to-adjusted debt is 23.5% and MADS coverage is 1.0x. In
Fitch's forward-looking scenario analysis, which considers expected
entrance fees and move-in associated with the Oak Bridge project,
cash-to-adjusted should approach 40% by year five of the base case
while MADS coverage exceeds 1.2x by year three.

Fitch's baseline scenario is a reasonable forward look of financial
performance over the next five years given current economic
expectations. Capital spending will be elevated in 2021 and 2022 as
the Oak Bridge project is constructed. Fitch's baseline scenario
assumes an economic stress (to reflect equity volatility), which is
specific to VL's asset allocation. Pro forma cash on hand is 425
days and days cash does not fall below 400 days in any year of the
forward-looking base case and therefore is not an asymmetric risk.

ASYMMETRIC ADDITIONAL RISK CONSIDERATIONS

There are no asymmetric risk considerations associated with VL's
rating. While the Oak Bridge campus construction project is
considerable, Fitch believes the organization has put in place
measures in place to minimize project risk.

ESG CONSIDERATIONS

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


LIMENOS CORPORATION: Seeks to Hire Nelson Robles-Diaz as Counsel
----------------------------------------------------------------
Limenos Corporation seeks approval from the U.S. Bankruptcy Court
for the District of Puerto Rico to hire Nelson Robles-Diaz Law
Offices, PSC as its legal counsel.

The firm's services include;

     a. prosecuting the motions and applications filed;

     b. advising the Debtor with respect to its duties, rights and
powers under the Bankruptcy Code;

     c. representing the Debtor in negotiations with creditors;

     d. assisting the Debtor in analyzing claims;

     e. assisting the Debtor in the investigation of claims, causes
of action and other matters; and

     f. representing the Debtor in negotiations, litigation,
hearings and other proceedings.

The firm's attorneys will be paid at the rate of $300 per hour.
The rates for paralegals and law clerks range from $40 to $50 per
hour.  

The retainer fee is $6,000.

As disclosed in court filings, Nelson Robles-Diaz is a
"disinterested person" within the meaning of Sections 101(14) and
327 of the Bankruptcy Code.

The firm can be reached through:

     Nelson Diaz Robles, Esq.
     Nelson Robles-Diaz Law Offices PSC
     P.O. Box 192302
     San Juan, Puerto Rico 00912
     Tel: (787) 294-9518
     Fax: (787) 294-9519     
     Email: nroblesdiaz@gmail.com

                   About Limenos Corporation

Limenos Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 20-02169) on June 5, 2020,
listing under $1 million in both assets and liabilities.  

Judge Mildred Caban Flores oversees the case.  

Francisco J. Ramos Gonzalez, Esq., at Francisco J Ramos &
Asociados, CSP and Nelson Robles-Diaz, P.S.C. serve as the Debtor's
legal counsel.  Monge Robertin Advisors, LLC is the Debtor's
restructuring advisor.


MALLINCKRODT PLC: Bondholders to Get 100% of Shares in Plan
-----------------------------------------------------------
Mallinckrodt PLC and its debtor affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a Joint Chapter 11
Plan of Reorganization and a Disclosure Statement on April 20,
2021.

The Debtors opened discussions with the Ad Hoc First Lien Term
Lender Group, an ad hoc group of Holders of First Lien Revolving
Facility Claims, and an ad hoc group of Holders of Guaranteed
Unsecured Notes Claims in an effort to address near-term maturities
and to set an appropriate and sustainable capital structure for the
Reorganized Debtors.  The Debtors spent considerable time and
effort responding to diligence requests from all parties involved,
as well as conducting extensive, multifaceted discussions.  In the
end, while not all the Debtors' creditor groups are party to the
Restructuring Support Agreement, the Debtors and the ad hoc group
of Holders of Guaranteed Unsecured Notes Claims were able to reach
an agreement on the terms of a financial restructuring, which is
memorialized in the RSA. The Opioid Settlement and the Acthar
Settlement are also included as part of the Restructuring Support
Agreement.

The Plan contemplates that on the Effective Date or as soon as
reasonably practicable thereafter, the Reorganized Debtors may,
consistent with the terms of the Restructuring Support Agreement,
take all actions as may be necessary to effectuate the Plan,
including:

     * The execution and delivery of appropriate agreements or
other documents of sale, merger, consolidation, or reorganization
containing terms that are consistent with the terms of the Plan and
that satisfy the requirements of applicable law;

     * The execution and delivery of an equity and asset transfer
agreement and any other appropriate instruments of transfer,
assignment, assumption, or delegation of any property, right,
liability, duty, or obligation on terms consistent with the terms
of the Plan;

     * The creation of a NewCo and/or any NewCo Subsidiaries that
may, at the Debtors' or Reorganized Debtors' option in consultation
with the Supporting Parties, acquire all or substantially all the
assets of one or more of the Debtors;

     * The filing of appropriate certificates of incorporation,
merger, migration, consolidation, or other organizational documents
with the appropriate governmental authorities pursuant to
applicable law; and

     * All other actions that the Reorganized Debtors determine are
necessary or appropriate.

The Plan further contemplates the following treatment of Allowed
Claims and Interests:

     * All Allowed Other Secured Claims shall (i) be paid in full
in Cash including the payment of any interest, (ii) receive the
collateral securing its Allowed Other Secured Claim, or (iii)
receive any other treatment that would render such Claim
Unimpaired, in each case, as determined by the Debtors with the
reasonable consent of the Required Supporting Unsecured
Noteholders, the Governmental Plaintiff Ad Hoc Committee, and the
MSGE Group and following consultation with the Supporting Term
Lenders.

     * Except to the extent that a Holder of an Allowed Guaranteed
Unsecured Notes Claim agrees to less favorable treatment, in
exchange for full and final satisfaction, settlement, release, and
discharge of each Allowed Guaranteed Unsecured Notes Claim, on the
Effective Date, each Holder of an Allowed Guaranteed Unsecured
Notes Claim shall receive its Pro Rata Share of the Takeback Second
Lien Notes and 100% of New Mallinckrodt Ordinary Shares, subject to
dilution on account of the New Opioid Warrants and the Management
Incentive Plan.

     * Except to the extent that a Holder of an Allowed General
Unsecured Claim agrees to less favorable treatment, in exchange for
full and final satisfaction, settlement, release, and discharge of
each Allowed General Unsecured Claim, each Holder of an Allowed
General Unsecured Claim shall receive its General Unsecured Claims
Baseline Distribution and if its Class 6 General Unsecured Claim is
against an Accepting Class 6 Debtor, its General Unsecured Claims
Accepting Distribution.

     * As of the Effective Date, all State Opioid Claims shall
automatically, and without further act, deed, or court order, be
channeled exclusively to, and all of Mallinckrodt's liability for
State Opioid Claims shall be assumed by, the Opioid Trust. Each
State Opioid Claim shall be resolved solely in accordance with the
terms, provisions, and procedures of the Opioid Trust Documents and
shall receive a recovery, if any, from the Governmental Opioid
Claims Share. The Opioid Trust shall be funded in accordance with
the provisions of the Plan.

     * As of the Effective Date, all Non-State Governmental Opioid
Claims shall automatically, and without further act, deed, or court
order, be channeled exclusively to, and all of Mallinckrodt's
liability for Non-State Governmental Opioid Claims shall be assumed
by, the Opioid Trust. Each Non-State Governmental Opioid Claim
shall be resolved solely in accordance with the terms, provisions,
and procedures of the Opioid Trust Documents and shall receive a
recovery, if any, from the Governmental Opioid Claims Share. The
Opioid Trust shall be funded in accordance with the provisions of
the Plan.

     * As of the Effective Date, all Other Opioid Claims shall
automatically be channeled exclusively to, and all of
Mallinckrodt's liability for Other Opioid Claims shall be assumed
by, the Opioid Trust. Each Other Opioid Claim shall be resolved
solely in accordance with the terms of the Opioid Trust Documents
and shall receive a recovery, if any, from the Other Opioid Claims
Share. The Opioid Trust shall be funded in accordance with the
provisions of the Plan.

     * Holders of Equity Interests shall receive no distribution on
account of their Equity Interests.  On the Effective Date, all
Equity Interests will be canceled and extinguished and will be of
no further force or effect.

The Debtors shall fund Cash distributions under the Plan with Cash
on hand, including cash from operations.  Cash payments to be made
pursuant to the Plan will be made by the Reorganized Debtors.

Counsel to the Debtors:
   
     Mark D. Collins, Esq.
     Michael J. Merchant, Esq.
     Amanda R. Steele, Esq.
     Brendan J. Schlauch, Esq.
     Garrett S. Eggen, Esq.
     Richards, Layton & Finger, P.A.
     One Rodney Square
     920 N. King Street
     Wilmington, DE 19801
     Telephone: (302) 651-7700
     Facsimile: (302) 651-7701
     E-mail: collins@rlf.com
             merchant@rlf.com
             steele@rlf.com
             schlauch@rlf.com
             eggen@rlf.com

          - and -
   
     George A. Davis, Esq.
     George Klidonas, Esq.
     Andrew Sorkin, Esq.
     Anupama Yerramalli, Esq.
     Latham & Watkins LLP
     885 Third Avenue
     New York, NY 10022
     Telephone: (212) 906-1200
     Facsimile: (212) 751-4864
     E-mail: george.davis@lw.com
             george.klidonas@lw.com
             andrew.sorkin@lw.com
             anu.yerramalli@lw.com

          - and -

     Jeffrey E. Bjork
     LATHAM & WATKINS LLP
     355 South Grand Avenue, Suite 100
     Los Angeles, California 90071
     Telephone: (213) 485-1234
     Facsimile: (213) 891-8763
     E-mail: jeff.bjork@lw.com

          - and -

     Jason B. Gott
     LATHAM & WATKINS LLP
     330 North Wabash Avenue, Suite 2800
     Chicago, Illinois 60611
     Telephone: (312) 876-7700
     Facsimile: (312) 993-9767
     E-mail: jason.gott@lw.com

                    About Mallinckdrodt PLC

Mallinckrodt -- http://www.mallinckrodt.com/-- is a global
business consisting of multiple wholly owned subsidiaries that
develop, manufacture, market and distribute specialty
pharmaceutical products and therapies.  The company's Specialty
Brands reportable segment's areas of focus include autoimmune and
rare diseases in specialty areas like neurology, rheumatology,
nephrology, pulmonology and ophthalmology; immunotherapy and
neonatal respiratory critical care therapies; analgesics and
gastrointestinal products.  Its Specialty Generics reportable
segment includes specialty generic drugs and active pharmaceutical
ingredients.

As of March 27, 2020, the Company had $10.17 billion in total
assets, $8.27 billion in total liabilities, and $1.89 billion in
total shareholders' equity.

On Oct. 12, 2020, Mallinckrodt plc and certain of its affiliates
sought Chapter 11 protection in Delaware in the U.S. (Bankr. D.
Del. Lead Case No. 20-12522) to seek approval of a restructuring
that would reduce total debt by $1.3 billion and resolve
opioid-related claims against the Company.

Mallinckrodt plc disclosed $9,584,626,122 in assets and
$8,647,811,427 in liabilities as of Sept. 25, 2020.

Latham & Watkins LLP, Ropes & Gray LLP and Wachtell, Lipton, Rosen
& Katz are serving as counsel to the Company, Guggenheim
Securities, LLC is serving as investment banker and AlixPartners
LLP is serving as restructuring advisor to Mallinckrodt. Hogan
Lovells is serving as counsel with respect to the Acthar Gel
matter.  Prime Clerk LLC is the claims agent.


MAPLE MANAGEMENT: Gets Cash Collateral Access Thru June 9
---------------------------------------------------------
The Hon. Janet S. Baer of the U.S. Bankruptcy Court for the
Northern District of Illinois entered a second interim order
authorizing Maple Management to use cash collateral through and
including June 9, 2021 to pay actual, ordinary and necessary
operating expenses related to its business, pursuant to the budget.
Greenwich Capital Management LP has interest in the cash
collateral.

The Court ruled that the Debtor shall pay arrearage due to
Greenwich Capital for (i) $4,500 on or before April 2, 2021, and
(ii) $3,000 on or before April 16, 2021.

Any budgeted expense which is not paid in the month for which it
was budgeted shall be carried over for payment in subsequent
months, except for the monthly adequate protection payment to
Greenwich Capital of $1,000 per week or such sum as may be further
determined by the Court pursuant to Section 362(d)(3) of the
Bankruptcy Code.

A status hearing on the matter will be held on June 9, 2021 at 1:30
p.m.

                 About Maple Management, LLC

Maple Management, LLC is engaged in the business of owning and
operating a construction-related business that installs elevators,
ramps and lifts for the disabled, elderly and infirm at their
primary residences. Maple Management operates from the real
property commonly known as 245 W Roosevelt Rd Ste 77, West Chicago,
IL 60185-4838. Maple rents this premises. Its principal is James
Mecha.

Maple sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Ill. Case No. 21-02059) on February 17, 2021. In
the petition signed by Mecha, the Debtor disclosed up to $50,000 in
assets and up to $1 million in liabilities.

Judge Janet S. Baer oversees the case.

Ariel Weissberg at Weissberg and Associates, Ltd. is the Debtor's
counsel.



MAVIS TIRE: S&P Affirms B- ICR on Leveraged Buyout, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating on auto
service provider Mavis Tire Express Services TopCo L.P. (Mavis)
with a stable ratings outlook.

S&P said, "At the same time, we assigned our 'B-' rating on the
proposed $200 million revolver and $1.9 billion first-lien secured
debt with a '3' recovery rating (50%-70%; rounded estimate: 50%).
We also assigned our 'CCC' issue-level and '6' recovery ratings
(0%-10%; rounded estimate: 0%) to the proposed $720 million
unsecured notes.

"The stable outlook reflects our expectation that good operating
performance and acquisition synergies will result in S&P Global
Ratings' adjusted leverage declining from very high levels and
modest free operating cash flow (FOCF) generation.

"The ratings reflect our expectation for deleveraging from very
high levels following the acquisition by the BayPine and TSG
Consumer-led investor group. We estimate Mavis' S&P Global Ratings'
adjusted leverage (including preferred equity) will exceed 11x in
2021 following the planned acquisition. The proposed financing
includes a $1.9 billion first-lien term loan, $720 million in
unsecured notes, and around $500 million in preferred equity, along
with common equity. Following meaningful growth in 2020 including
the 37% increase in adjusted EBITDA, we expect EBITDA expansion
will continue and the company's low-cost capital spending model
will support FOCF generation over the next 12-18 months. This
results in improved S&P Global Ratings' adjusted leverage trending
toward 10x in 2022. We think further organic growth and store
expansion strategies will continue to drive increased profitability
and greater scale over the long term, supporting the proposed
capital structure.

"We would expect to discontinue all ratings on Mavis Tire Express
Services Corp., including the 'B-' issuer credit rating, shortly
after the close of the proposed acquisition and redemption of debt
at the entity. Mavis Tire Express Services will remain a subsidiary
to Mavis Tire Express Services TopCo.

"We expect Mavis to continue consolidating in the highly fragmented
sector. Mavis competes in a highly competitive and fragmented
industry and is pursuing an aggressive growth strategy primarily
through acquisition. The industry includes small individual
automotive service shops, regional players, and large retailers
that sell tires and other products. Notwithstanding its rapid
growth, Mavis only has about 2% market share in the industry and we
believe meaningful consolidation opportunities exist.

"We believe Mavis' internal information technology system and
customer service focus are key to its offering and success with
past acquisitions. For example, the company has a dedicated call
center that refers more than 75% of customers to local store
managers for service, which we believe improves customer service
and loyalty, and facilitates the integration of newly acquired
stores. Moreover, we think the company's customer-facing digital
initiatives will help provide further differentiation and cohesion
over the long term. These initiatives include providing customers
access to available inventory levels and access to pricing options
in addition to other services.

"Aggressive acquisition strategy has fueled growth but presents
execution risks. We note risks inherent to sizable acquisitions,
although Mavis' record is good. We believe Mavis will continue to
pursue a dual approach to acquisitions, consolidating both small
independent operations and opportunistic larger industry players,
leveraging its well-developed technology systems to facilitate
successful integration. While Mavis' record of integration is good,
its aggressive growth strategy presents continued risks, and future
execution errors could lead to deterioration in the company's
credit profile. We expect the company to continue to engage in
debt-funded acquisitions over the medium term, keeping S&P Global
Ratings' adjusted leverage very high, reducing the margin for
error."

Acquisitions have built the company's scale and broadened its
geographic diversity, supporting purchasing efficiencies and
brand-name recognition. Most recently, Mavis completed the
acquisition of Town Fair Tire in late 2020, with its operations of
about 100 locations in the New England region and broadening its
geographic footprint with little store overlap. Other accretive
acquisitions of note include STS Tire & Auto Centers in 2017,
Express Oil Services in 2018, and about 100 NTB Tire & Service
Centers in early 2020.

S&P said, "We expect resilient industry demand will support Mavis'
performance growth in the next year or two. The average vehicle age
has increased to more than 11 years in the U.S., which should boost
demand for repair and maintenance services offered by Mavis. We
also believe consumers have likely deferred car maintenance and
repair work amid the recessionary environment in 2020, resulting in
built-up demand for car servicing that supports our performance
expectations for Mavis in the next year.

"The stable outlook reflects our expectation for improving
performance over the next 12 months driven by customer-facing
digital initiatives, acquisition benefits including procurement
savings, new store openings, and industry tailwinds. These
performance trends should drive improvement in credit metrics,
including adjusted leverage in the 10x area over the next year."

S&P could raise the rating on the company if:

-- Revenue and operating income growth exceed its base-case
forecast over the next 12 months, resulting in S&P Global Ratings'
adjusted leverage in the mid-8x area or lower and FOCF generation
of about $150 million annually;

-- The company reduces debt beyond our expectations and adopts a
more conservative financial policy, supporting credit metrics; and

-- The company successfully diversifies its store footprint by
profitably expanding into new markets.

S&P could lower the rating on Mavis if it believes the company's
capital structure is potentially unsustainable. This could happen
if:

-- The company is unable to profitably execute on its acquisition
and growth strategies, leading to lower sales and declining EBITDA
margins; or

-- S&P expects the company to generate sustained negative FOCF.



MAX FINE FURNITURE: Gets Cash Collateral Access Thru May 31
-----------------------------------------------------------
Judge Eduardo V. Rodriguez of the U.S. Bankruptcy Court for the
Southern District of Texas authorized Max Fine Furniture &
Appliances, Inc., to continue using cash collateral through May 31,
2021 after an agreement was reached between the Debtor and its
secured creditors (i) Pacific Western Bank, as
successor-in-interest to CapitalSource Finance LLC, (ii) Rio Bank,
and (iii) Wells Fargo Commercial Distribution Finance, LLC.  The
cash collateral will be used solely to pay reasonable ordinary
course expenses of the Debtor's business, expenses associated with
its Chapter 11 case, and other expenses agreed upon with the
secured creditors.  

The Court said the Debtor may grant each of Pacific Western, Rio
Bank and Wells Fargo post-petition liens and replacement liens
against their respective collateral to the same validity, extent
and priority, as existed as of the Petition Date.

The Debtor is also directed to remit these post-petition payments:

   * on or by May 15, 2021, the Debtor shall remit to Pacific
Western the amount equal to the greater of (a) $45,000 or (b) the
amount that, when applied by Pacific Western to the Debtor's
outstanding Pacific Western loan balance, would cause the
outstanding balance of the Pacific Western loan to equal to the
Availability on Eligible Receivables.  The cash payments shall be
mailed to Pacific Western at a lockbox address provided by Pacific
Western, or its counsel;

   * On or by May 18, 2021, the Debtor shall remit $8,991 to Rio
Bank at Rio Bank, Attn: Brian J. Humphries, 701 E. Expressway 83,
McAllen, Texas 78501; and

   * On or by May 15, 2021, the Debtor shall remit $2,250 to Wells
Fargo at Wells Fargo-CDF, P.O. Box 206731, Dallas, Texas 75320.

As of the Petition Date, the balances owed by the Debtor to each of
the secured creditors are:

   (i) $2,563,206 on the Pacific Western Loan, plus subsequently
accruing interest, and other charges.  The obligation is secured by
liens on substantially all of Debtor's personal property, and by
liens on the real property holdings of Maximo Saenz, the Debtor's
sole shareholder;

   (ii) approximately $437,652 on the Rio Bank Note, plus
subsequently accruing interest, and other charges.  This amount is
secured by liens and security interests in all inventory, accounts,
and equipment, and other collateral as described in the Rio
Security Agreement; and

  (iii) approximately $26,319 on the Wells Fargo Note, plus
subsequently accruing interest, and other charges.  This obligation
is secured by Well Fargo's security interests and liens in all
inventory, accounts, and equipment, and other collateral pursuant
to the Wells Fargo Security Agreement, as well as all of the
Debtor's respective accounts, equipment, contract rights, goods,
inventory, and other items of personal property.

A copy of the order is available at https://bit.ly/2QFphU4 from
PacerMonitor.com at no charge.

A further hearing on the request will be held on May 26, 2021 at
1:30 p.m., Central Time, in the bankruptcy courtroom in the United
States Bankruptcy Courthouse, 1701 West Business Highway 83,
McAllen, Texas.

Counsel for Pacific Western Bank:

   Brent R. McIlwain, Esq.
   Brian J. Smith, Esq.
   HOLLAND & KNIGHT, LLP
   200 Crescent Court, Suite 1600
   Dallas, TX 75201
   Tel: (214) 964-9500
   Fax: (214) 964-9501
   Email: brent.mcilwain@hklaw.com
          brian.smith@hklaw.com

Counsel for Rio Bank:

   Scott A. Walsh, Esq.
   WALSH MCGURK CORDOVA NIXON
   4900-B North 10th Street
   McAllen, TX 78504
   Tel:(956) 632-5013
   Fax:(956) 630-5199
   Email: swalsh@wmcnlaw.com

Counsel for Wells Fargo Commercial Distribution Finance:

   Vicki M. Skaggs, Esq.
   ATLAS, HALL & RODRIGUEZ, LLP
   P.O. Box 3725
   McAllen, TX 78502
   Tel: (956) 682-5501
   Fax: (956) 686-6109
   Email: vmskaggs@atlashall.com


           About Max Fine Furniture & Appliances, Inc.

Max Fine Furniture & Appliances, Inc. --
https://www.maxfinefurniture.com/ -- sells a wide selection of
bedroom, living room, dining room, leather, home office, kids
furniture and brand name mattresses.  It carries several brands,
including Ashley, Restonic Mattresses, and Best Chair.

Max Fine Furniture & Appliances, Inc., sought Chapter 11 protection
on March 17, 2020 (Bankr. S.D. Tex. Case No. 20-70114). In the
petition signed by Maximo Saenz, president, the Debtor estimates
$6,283,658 in assets and $4,261,778 in liabilities.

Jana Smith Whitworth, Esq., at JS WHITWORTH LAW FIRM, PLLC, is the
Debtor's counsel.



MEDIACO HOLDING: Swings to $28.9 Million Net Loss in 2020
---------------------------------------------------------
Mediaco Holding Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss
attributable to common shareholders of $28.90 million on $39.26
million of net revenues for the year ended Dec. 31, 2020, compared
to net income attributable to common shareholders of $1.84 million
on $40.80 million of net revenues for the 10 months ended Dec. 31,
2019.

As of Dec. 31, 2020, the Company had $146.35 million in total
assets, $133.10 million in total liabilities, $24.26 million in
series A cummulative convertible participating preferred stock, and
a total deficit of $11.01 million.

Indianapolis, Indiana-based Ernst & Young LLP, the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated March 30, 2021, citing that the Company does not
expect to meet its liquidity needs or maintain compliance with
certain of its financial covenants, which could cause the
acceleration of all or a portion of unpaid principal amounts under
the Company's Senior Credit Facility, and the Company's sources of
liquidity would be insufficient to satisfy such accelerated
obligations if they became due within one year after the date of
issuance of its consolidated and combined financial statements.  As
a result, the Company has stated that substantial doubt exists
about the Company's 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/1784254/000156459021016257/ck0001784254-10k_20201231.htm

                       About MediaCo Holding

Headquartered in Indianapolis, Indiana, MediaCo Holding Inc.'s
assets primarily consist of two radio stations, WQHT-FM and
WBLS-FM, which serve the New York City metropolitan area, as well
as approximately 3,300 advertising structures in the Southeast
(Valdosta) region and Mid-Atlantic (Kentucky) region of the United
States.  The Company derives its revenues primarily from radio and
outdoor advertising sales, but it also generates revenues from
events, including sponsorships and ticket sales.  For more
information, visit www.mediacoholding.com.


MEDICAL DEPOT: Moody's Upgrades CFR to Caa1, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service upgraded Medical Depot Holdings, Inc.
(d/b/a Drive DeVilbiss Healthcare "Drive") Corporate Family Rating
to Caa1. Moody's also upgraded the company's Probability of Default
Rating to Caa1-PD/LD and appended a "/LD" designation reflecting
the recent amendments to Drive's first and its 1.5 lien credit
agreements which are considered distressed exchanges and therefore
a default under Moody's definitions. Moody's also assigned a Caa1
rating to the company's first lien credit facilities due in 2025
and upgraded the $4 million second lien term loan rating to Caa3
from Ca. At the same time, the Caa2 rating assigned to the
company's first lien credit facilities due in 2023 were withdrawn.
The outlook is stable. The /LD designation appended to the PDR will
be removed in a few business days.

Drive amended its credit agreements in a manner that will
significantly reduce total leverage and debt service requirements
over the near term. Specifically, Drive's first lien lenders waived
term loan amortization during 2021, materially reduced term loan
amortization in 2022 and extended the final maturity date from
January 3, 2023 to June 1, 2025. At the same time the company's 1.5
lien lenders converted the full amount of their loan to preferred
shares. Moody's considers these changes to be a material change to
original transaction terms and represent a distressed exchange and
therefore a default under Moody's definition.

The upgrade of the Corporate Family Rating to Caa1 from Caa2
reflects Moody's view that the company's likelihood of a default is
lower following these amendments, in particular the extension of
its debt maturities which will provide additional time for the
company to execute on its operating improvement plans. The upgrade
also reflects recent improvement in operating results with EBITDA
margins (as defined by the company) rising around 170 basis points
in 2020. Drive's liquidity profile is adequate as the company has
in excess of $70 million of cash on hand as of 12/31/20 and, with
improved performance and the reduction in mandatory term loan
amortization, Moody's expects the company to generate positive free
cash flow over the next 12-24 months.

The following rating actions were taken

Upgrades:

Issuer: Medical Depot Holdings, Inc.

Corporate Family Rating, Upgraded to Caa1 from Caa2

Probability of Default Upgraded to Caa1-PD/LD (/LD Appended) from
Caa2-PD

Senior secured 2nd Lien Credit Facility upgraded to Caa3 (LGD6)
from Ca (LGD6)

Assignments:

Issuer: Medical Depot Holdings, Inc.

Senior Secured Revolving Credit Facility, Assigned Caa1 (LGD3)

Senior Secured Floating Rate Term Loan, Assigned Caa1 (LGD3)

Senior Secured Fixed Rate Term Loan, Assigned Caa1 (LGD3)

Withdrawals:

Issuer: Medical Depot Holdings, Inc.

Senior Secured 1st Lien Bank Credit Facility, Withdrawn ,
previously rated Caa2 (LGD3)

Outlook Actions:

Issuer: Medical Depot Holdings, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Medical Depot Holdings, Inc.'s Caa1 CFR reflects it significant
leverage with debt/EBITDA in excess of 10 times as of December 31,
2020 pro-forma for the restructuring. The company's efforts to
improve operating performance have begun to show some positive
signs, as EBITDA margins expanded around 170 basis points in 2020.
The company will need to drive further improvement in performance
to reduce leverage to more sustainable levels. The company will
face some headwinds to deleveraging as debt levels will likely rise
as a meaningful portion of its interest costs are PIK. Medical
Depot has no material debt maturities until June 2025. Medical
Depot benefits from its credible market position in the durable
medical equipment industry. It is well diversified by distribution
channel with sales through e-commerce sites, large retailers, and
durable medical equipment distributors. The company's near-term
liquidity is adequate with cash balances of over $70 million as of
December 31, 2020 and Moody's expects the company will generate
slightly positive free cash flow over the next 12 to 24 months
however the company has no access to committed sources of external
financing.

The outlook is stable as the company's default probability is
appropriately captured at the current rating level.

ESG considerations are a factor in Medical Depot's ratings. Medical
device companies regularly encounter elevated elements of social
risk, including responsible production as well as other social and
demographic trends. Risks associated with responsible production
include compliance with regulatory requirements for safety of
medical devices as well as adverse reputational risks arising from
recalls, safety issues or product liability litigation. Medical
device companies will generally benefit from demographic trends,
such as the aging of the populations in developed countries. That
said, increasing utilization may pressure payors, including
individuals, commercial insurers or governments to seek to limit
use and/or reduce prices paid. Governance considerations
incorporate Moody's expectations of aggressive financial policies
because a majority of the company is owned by funds affiliated with
private-equity sponsor Clayton Dubilier & Rice.

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

Ratings could be upgraded if the company continues to see further
benefits from its ongoing operating initiatives, which would be
evidenced by EBITDA margins continuing to rise. Quantitatively
ratings could be upgraded if debt/EBITDA was sustained below 7
times while maintaining positive free cash flow and adequate
liquidity.

Ratings could be downgraded if liquidity erodes, operating
performance deteriorates or the probability of default, including
by way of a transaction that Moody's would deem a distressed
exchange, were to rise.

The principal methodology used in these ratings was Medical Product
and Device Industry published in June 2017.

Based in Port Washington, New York, Medical Depot (d/b/a Drive
DeVilbiss Healthcare) is a global manufacturer of durable and home
medical equipment. The company manufactures and distributes
mobility products (wheelchairs, canes, walkers and rollators),
respiratory products (oxygen concentrators and nebulizers),
specialty beds, bath and personal care products, and sleep apnea
devices and other products. The company's products are principally
sold to patients through homecare dealers, wholesalers, retailers,
home shopping related businesses and e-commerce companies. Medical
Depot is owned by private-equity firm Clayton, Dubilier & Rice.
Revenues are approximately $0.9 billion.


MILLER TOOL: U.S. Trustee Says Plan Not Filed in Good Faith
-----------------------------------------------------------
Andrew R. Vara, United States Trustee, objects to the confirmation
of Plan of Liquidation of Debtor Miller Tool & Die, Inc.

The U.S. Trustee objects to confirmation of the Plan because it
contains impermissible release and exculpation clauses and because
it violates the "good faith" requirement of 11 U.S.C. §
1129(a)(3).

The U.S. Trustee claims that the Debtor's exculpation clause is
overbroad, stating that "no person" who acted on behalf of the
Debtor shall be held liable for any claim, and it carves out only
gross negligence and willful misconduct. The exculpation clause is
also objectionable because it is not limited to acts or claims
arising from the date of filing to the effective date.

The U.S. Trustee points out that the Debtor's Plan does not meet
the seven required factors for the Court to confirm the non-debtor
third-party release provisions in the Debtor's Plan. This release
and exculpation provision is further objectionable because it has
no temporal boundaries.

The U.S. Trustee asserts that the Debtor has not proposed this plan
in good faith. A conflict of interest on the part of the Debtor
defeats the contention that this Plan was proposed in good faith.

The U.S. Trustee further asserts that the Debtor's sole shareholder
and principal is also a shareholder in one company that is a
potential avoidance claim defendant, and his father owns the other.
Therefore, the Debtor has a conflict of interest and should not
retain discretion regarding avoidance actions to the potential
detriment of unsecured creditors.

The U.S. Trustee states that the Plan should show all advances made
by and payments made to Comerica Bank, as it appears that Comerica
Bank's claim will be or has been paid in full prior to
confirmation, even though the Plan states that Comerica Bank's
claim is impaired.

The U.S. Trustee has raised an informal objection to Comerica
Bank's legal fees as the fees are subject to review under the terms
of the Final Cash Collateral Order. Therefore, the Plan should not
be confirmed until that issue is resolved.

A full-text copy of the U.S. Trustee's objection dated April 20,
2021, is available at https://bit.ly/3vgVC2A from PacerMonitor.com
at no charge.

                      About Miller Tool & Die

Founded in 1930, Miller Tool & Die, Inc. --
http://www.millertd.com/-- is a privately held company that
manufactures industrial machinery, serving and supporting its
customers throughout North, South & Central America, Mexico,
Europe, and Asia.

Miller Tool & Die sought Chapter 11 protection (Bankr. E.D. Mich.
Case No. 20-52501) on Dec. 21, 2020.  In its petition, the Debtor
disclosed total assets of $2,905,993 and debt of $6,996,536.
Miller Tool President Patrick Miller signed the petition.

Judge Thomas J. Tucker oversees the case.  

The Debtor tapped Lynn M. Brimer, Esq., at Strobl Sharp PLLC, as
its legal counsel.


MOBITV INC: Auction of Substantially All Assets Set for May 11
--------------------------------------------------------------
MobiTV Inc. and affiliates filed with the U.S. Bankruptcy Court for
the District of Delaware a notice of proposed bidding procedures in
connection with the auction sale of substantially all assets or
proposals to sponsor a plan of reorganization.

On March 8, 2021, the Debtors filed the Sale Motion seeking entry
of (i) the Bidding Procedures Order (a) approving Bidding
Procedures for the sale of the Assets or proposals to sponsor a
plan of reorganization, (b) approving procedures for the assumption
and assignment of designated executory contracts and unexpired
leases, and the sale and transfer of other designated contracts,
(c) scheduling the Auction and Sale Hearing, and (d) granting
related relief, and (ii) the Sale Order (a) authorizing the Sale of
the Assets free and clear of all Encumbrances, other than assumed
liabilities, to the Successful Bidder submitting the highest or
otherwise best bid, (b) authorizing the assumption and assignment
of the Transferred Contracts, and authorizing the sale and transfer
of other designated contracts, and (c) granting certain related
relief.

On April 7, 2021, the Court entered the Bidding Procedures Order,
thereby approving the Bidding Procedures Relief and the Debtors'
ability to designate a Stalking Horse Bidder in the Debtors'
business judgment (with the Secured Lenders' consent and in
consultation with the Consultation Parties) by April 26, 2021.  The
Bid Deadline is May 7, 2021, at 4:00 p.m. (ET).

The Sale Hearing is scheduled for May 21, 2021, at 2:00 p.m. (ET).
The Sale Hearing is being held to approve the highest or otherwise
best offer received for the Assets at the Auction, which, if any,
will take place on May 11, 2021, via videoconference, commencing at
10:00 a.m. (ET).  The Sale Objection Deadline is May 17, 2021, at
4:00 p.m.

The Sale Order, if approved, will authorize the assumption and
assignment of the Transferred Contracts of the Debtors.

A copy of the Bid Procedures is available at
https://tinyurl.com/7bhtf6y4 from PacerMonitor.com free of charge.

                          About MobiTV, Inc.

Founded in 2000, MobiTV is the first company to bring live and
on-demand television to mobile devices and is a leader in
application-based television and video delivery solutions.  MobiTV
provides end-to-end internet protocol streaming television
services
("IPTV") via a proprietary cloud-based, white-label application.

On March 1, 2021, MobiTV Inc. and MobiTV Service Corporation filed
for Chapter 11 protection (Bankr. D. Del. Lead Case No. 21-10457).

MobiTV Inc. estimated at least $10 million in assets and $50
million to $100 million in liabilities as of the filing.

FTI Consulting, Inc. and FTI Capital Advisors LLC have been
retained as the Company's financial advisor and investment banker
to assist in negotiation of strategic options.  Pachulski Stang
Ziehl & Jones LLP and Fenwick & West LLP are serving as the
Company's legal advisors.  Stretto is the claims agent,
maintaining
the page https://cases.stretto.com/MobiTV.



MOUNTAIN PROVINCE: Widens Net Loss to C$263.4 Million in 2020
-------------------------------------------------------------
Mountain Province Diamonds Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 40-F disclosing a net
loss of C$263.43 million on C$226.99 million of sales for the year
ended Dec. 31, 2020, compared to a net loss of C$128.76 million on
C$276.33 million of sales for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had C$595.33 million in total
assets, C$75.73 million in current liabilities, C$374.71 million in
secured notes payable, C$750,000 in lease liabilities, C$70.44
million in decommissioning and restoration liability, and C$73.70
million in total shareholders' equity.

Toronto, Canada-based KPMG LLP, the Company's auditor since 1999,
issued a "going concern" qualification in its report dated March
29, 2021, citing that the Company has suffered recurring losses
from operations that raises substantial doubt about its ability to
continue as a going concern.

A full-text copy of the Form 40-F is available for free at:

https://www.sec.gov/Archives/edgar/data/1004530/000119312521098571/d115473dex992.htm

                      About Mountain Province

Mountain Province is a Canadian-based resource company listed on
the Toronto Stock Exchange under the symbol 'MPVD'.  The Company's
registered office and its principal place of business is 161 Bay
Street, Suite 1410, P.O. Box 216, Toronto, ON, Canada, M5J 2S1.
The Company, through its wholly owned subsidiaries 2435572 Ontario
Inc. and 2435386 Ontario Inc., holds a 49% interest in the Gahcho
Kue diamond mine, located in the Northwest Territories of Canada.
De Beers Canada Inc. holds the remaining 51% interest.  The Joint
Arrangement between the Company and De Beers is governed by the
2009 amended and restated Joint Venture Agreement.  The Company's
primary assets are its aforementioned 49% interest in the GK Mine
and 100% owned Kennady North Project.


NANYAH VEGAS: Seeks to Hire Darby Law as Legal Counsel
------------------------------------------------------
Nanyah Vegas, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Nevada to hire Darby Law
Practice, Ltd. as its legal counsel.

The firm will render these services:

   a. advise the Debtor of its rights, powers and duties in the
continued operation of its business and management of its
properties;

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

   c. prepare legal papers;

   d. attend meetings and negotiations with the Subchapter V
trustee, representatives of creditors, equity holders, prospective
investors or acquirers and other parties in interest;

   e. appear before the bankruptcy court, any appellate courts and
the Office of the United States Trustee;

   f. pursue confirmation of a plan of reorganization and approval
of the corresponding solicitation procedures and disclosure
statement; and

   g. perform all other necessary legal services in connection with
the Debtor's Chapter 11 Subchapter V case.

Darby Law Practice will be paid at hourly rates ranging from $400
to $450 and will be reimbursed for out-of-pocket expenses
incurred.

The retainer fee is $5,000.

Kevin Darby, Esq., a partner at Darby Law Practice, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Kevin A. Darby, Esq.
     Darby Law Practice, Ltd.
     4777 Caughlin Parkway
     Reno, NV 89519
     Tel: (775) 322-1237
     Fax: (775) 996-7290
     Email: kevin@darbylawpractice.com

                        About Nanyah Vegas

Nanyah Vegas, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No.
21-50226) on March 29, 2021.  Yoav Harlap, managing member, signed
the petition.  At the time of the filing, the Debtor disclosed zero
asset and total liabilities of $1,491,831.  Judge Bruce T. Beesley
oversees the case.  Darby Law Practice, Ltd. represents the Debtor
as legal counsel.


NATIONAL RIFLE ASSOCIATION: Board Will Meet to Consider Plan
------------------------------------------------------------
Law360 reports that an executive with the National Rifle
Association told a Texas bankruptcy judge Wednesday, April 21,
2021, that the organization's board of directors would meet soon to
consider a Chapter 11 plan of reorganization, saying leadership is
prepared to handle the bankruptcy process and that no examiner is
needed.

During the eighth day of a trial on motions to dismiss the NRA's
Chapter 11 case, the debtor kicked off its presentation of evidence
by calling First Vice President Willes Lee, a retired U.S. Army
lieutenant colonel who voiced his support for the NRA's leadership
team, including Executive Vice President Wayne LaPierre.

                 About National Rifle Association of America

America is a gun rights advocacy group. The NRA claims to be the
longest-standing civil rights organization and has more than five
million members.

Seeking to move its domicile and principal place of business to
Texas amid lawsuits in New York, National Rifle Association of
America sought Chapter 11 protection (Bankr. N.D. Texas Case No.
21-30085) on Jan. 15, 2021.  Affiliate Sea Girt LLC simultaneously
sought Chapter 11 protection (Case No. 21-30080).

The NRA was estimated to have assets and liabilities of $100
million to $500 million as of the bankruptcy filing.

Judge Harlin Dewayne Hale oversees the cases.

The Debtors tapped Neligan LLP and Garman Turner Gordon LLP as
their bankruptcy counsel, and Brewer, Attorneys & Counselors as
their special counsel.

The U.S. Trustee for Region 6 appointed an official committee of
unsecured creditors on Feb. 4, 2021. Norton Rose Fulbright US, LLP
and AlixPartners, LLP serve as the committee's legal counsel and
financial advisor, respectively.


NEW YORK CLASSIC: Wins Cash Collateral Access Thru May 5
--------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York has
authorized New York Classic Motors, LLC to use cash collateral on
an interim basis in accordance with the budget, with a 10%
variance, through May 5, 2021.

The Debtor requires the use of Collateral to pay administrative
expenses as they become due and payable during the period covered
by the Budget.

The Debtor asserts that Nick S. Advani as collateral agent for HIL
Holdings I LLC, holds a duly perfected senior security interest in
all of the Debtor's personal property,  including the proceeds
thereof, by virtue of two promissory notes in the amounts of $2.1
million and $800,000, each dated March 1, 2021 and related security
agreements, the history and copies of are set forth at length in
the Motion and made a part hereof, and the filing of a UCC-1
Financing Statement evidencing such interests.

The Debtor asserts that the HH1 Loan Agreements matured prior to
the Petition Date but the Debtor has not satisfied the obligations.
Accordingly, the HH1 Loan agreements were in default as of the
Petition Date.

As of petition date, the Debtor was indebted to HH1 in the
approximate amount of $2.9 million.

The Debtor asserts that the U.S. Small Business Administration
holds a duly perfected subordinate security interest in all of the
Debtor's personal property, including the proceeds thereof, by
virtue of a note and security agreement, entered into by the Debtor
on or about June 17, 2020, and the filing of a UCC-1 Financing
Statement evidencing such interest.

As of the Filing Date, the Debtor was indebted to the SBA in the
approximate amount of $150,000.

Upon the consent of HH1, the Debtor is authorized to use Cash
Collateral subject to the terms of the Order and pursuant to the
attached budget in an amount not to exceed $115,992, on an interim
basis, which collectively constitutes adequate protection for that
use, in an aggregate amount up to but not in excess of the actual
anticipated cash needs of the Debtor, from the Petition Date
through the Final Hearing.

As adequate protection for the Debtor's use of cash collateral, the
Secured Creditors are  granted replacement liens in the Cash
Collateral, to the extent that said liens were valid, perfected and
enforceable as of the Filing Date and in the continuing order of
priority of the Pre-Petition Liens without determination as to the
nature, extent and validity of said pre-petition liens and claims,
and solely to the extent Collateral Diminution occurs during the
Chapter 11 case, subject to: (i) up to $100,000 of the claims of
Chapter 11 professionals duly retained and to the extent awarded
pursuant to sections 330 or 331 of the Bankruptcy Code or pursuant
to any monthly fee order entered in the Chapter 11 case; (ii)
United States Trustee fees pursuant to 28 U.S.C. Section 1930 and
interest pursuant to 31 U.S.C. Section 3717; and (iii) the payment
of any claim of any subsequently appointed Chapter 7 Trustee to the
extent of $10,000; and (iv) estate causes of action and the
proceeds of any recoveries of estate causes of action under Chapter
5 of the Bankruptcy Code.

As additional adequate protection for the Debtor's use of Cash
Collateral, the Debtor will pay to HH1 monthly interest only debt
service payments, at the contract (non-default) rate of interest,
as set forth in the HH1 Loan Agreements. HH1 will also be entitled
to payment of actual and reasonable attorneys' fees and expenses,
in the approximate amount of $10,000 per month, which will be paid
in arrears on a monthly basis. Counsel for HH1 will deliver a
monthly detailed statement for such fees and expenses to the
Debtor, counsel for the Debtor, the U.S. Trustee and any committee
if one is appointed.

To the extent the Replacement Liens fail to adequately protected
HH1 for the diminution in the Cash Collateral, HH1 will receive an
allowed super-priority administrative expense claim, subject only
to the Carve-Outs.

As no debt service is currently required under the SBA Loan
Documents, no monthly payments will be paid by the Debtor at this
time.  

A final hearing on the Debtor's use of Cash Collateral is scheduled
for May 5 at 11 a.m.

A copy of the order and the Debtor's four-week budget through the
week of May 3 is available for free at https://bit.ly/3dHGSnI from
PacerMonitor.com.

The Debtor projects total cash balance of:

$75,006 thru April 12
$85,383 thru April 19
$80,265 thru April 26
$168,864 thru May 3

                About New York Classic Motors, LLC

New York Classic Motors LLC, doing business as Classic Car Club
Manhattan, is a classic car dealer in New York.  The company filed
for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No.
21-10670) in Manhattan on April 9, 2021.  It listed assets of about
$50 million and liabilities of about $50 million.  

Judge Martin Glenn oversees the case.

Kirby Aisner & Curley LLP is the Debtor's counsel.



NTH SOLUTIONS: Gets Approval to Cash Collateral Access
------------------------------------------------------
Judge Eric L. Frank authorized Nth Solutions, LLC to use cash
collateral through May 14, 2021, to pay all of its reasonable and
necessary operating expenses, including all trust fund payroll and
sales taxes, in accordance with the budget.

Judge Frank ruled that the Debtor's use of cash collateral may be
extended for an additional four weeks upon filing with the Court an
amended budget that has been approved by the Debtor and Bryn Mawr
Trust, the Lender.

To the extent of any diminution in value of the Lender's
pre-petition cash collateral, the Lender is granted valid, binding,
enforceable and perfected post-petition replacement liens on the
Debtor's post-petition assets, but limited only to those types and
descriptions of collateral in which the Lender holds a pre-petition
lien or security interest.  The replacement liens will have the
same priority and validity as the Lender's pre-petition security
interests and liens.

Judge Frank will convene a further hearing on May 12, 2021 at 11
a.m. in the United States Bankruptcy Court, 900 Market Street, 2nd
Floor, Courtroom No. 1, Philadelphia, Pennsylvania.

A copy of the order is available for free at https://bit.ly/3x6TEUd
from PacerMonitor.com.

                      About Nth Solutions

Nth Solutions, LLC -- https://nth-solutions.com/ -- operates a
facility located at 15 East Uwchlan Avenue in Exton, Pa., where it
manufactures electronic and mechanical precision devices. In
addition to its own product line, Nth Solutions also works with its
clients using a proprietary market-driven methodology in order to
produce additional "state-of-the-art" products.

Nth Solutions sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Pa. Case No. 21-10782) on March 26, 2021.  In the
petition signed by Susan Springsteen, managing partner and member,
the Debtor was estimated to have assets of less than $50,000 and
liabilities of $1 million to $10 million.  Judge Eric L. Frank
oversees the case. Maschmeyer Karalis P.C. represents the Debtor as
counsel.



OBLONG INC: Incurs $7.4 Million Net Loss in 2020
------------------------------------------------
Oblong, Inc. filed with the Securities and Exchange Commission its
Annual Report on Form 10-K disclosing a net loss of $7.42 million
on $15.33 million of revenues for the year ended Dec. 31, 2020,
compared to a net loss of $7.76 million on $12.83 million of
revenues for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $29.14 million in total
assets, $7.09 million in total liabilities, and $22.06 million in
total stockholders' equity.

Iselin, New Jersey-based EisnerAmper LLP, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated March 30, 2021, citing that the Company has incurred losses
and expects to continue to incur losses.  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/ix?doc=/Archives/edgar/data/746210/000074621021000024/glow-20201231.htm

                         About Oblong Inc.

Oblong, Inc. -- www.oblong.com -- was formed as a Delaware
corporation in May 2000 and is a provider of patented multi-stream
collaboration technologies and managed services for video
collaboration and network applications.


ODYSSEY ENGINES: Wins July 12 Plan Exclusivity Extension
--------------------------------------------------------
Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern
District of Florida, Miami Division extended the periods within
which the Debtors Odyssey Engines, LLC and its affiliates have the
exclusive right to file a plan of reorganization through and
including July 12, 2021, and the concomitant deadline to solicit
acceptances through and including September 10, 2021.

The world remains in the grip of an unprecedented pandemic that has
devastated many industries, particularly including the aviation
industry. Given its MRO presence – its nearly complete testing
facility – and its positioning within the industry, the Debtors
are poised to emerge from the pandemic larger, stronger, and
financially sound.

Unfortunately, that process is not necessarily a quick one. One
aspect of the Debtors' "plan" is based on the United States
government’s oft-discussed bailout of the aviation industry. The
bailout remains in discussion and is not yet a reality, although it
is reasonable to expect that it will be, and in the near future.

The Debtors are also courting private investment and lending which
will also support their emergence from chapter 11, but that also is
proving to be a longer flight path than expected. The Debtors
remain confident but need additional time. The Debtors are working
diligently to maintain their ongoing business and are attempting to
negotiate with their creditors. In accord with Energy Conversion
Devices, Inc. and Dow Corning Corp., supra, the issue is whether
the Cases and issues presented are sufficiently complex and the
Debtors efforts sufficient to extend the Exclusive Period.

Now the Debtors' exclusivity periods are extended, the Court shall
retain jurisdiction to hear and determine all matters arising from
or related to the implementation of the Order. The Order is entered
without prejudice to creditors and other parties in interest
seeking to terminate the Debtors' exclusive right to file a plan
upon motion to the Court.

A copy of the Debtors' Motion to extend is available at
https://bit.ly/3gxsOPa from PacerMonitor.com.

A copy of the Court's Extension Order is available at
https://bit.ly/3atcco0 from PacerMonitor.com.

                            About Odyssey Engines

Odyssey Engines, LLC and its affiliates own, lease, and maintain
aircraft engines. On June 23, 2020, Odyssey Engines and its
affiliates concurrently filed voluntary petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No.
20-16772). The petitions were signed by David Alan Boyer,
president.  At the time of the filing, each Debtor disclosed assets
of $1 million to $10 million and liabilities of $10 million to $50
million.

Judge Robert A. Mark oversees the cases. The Debtors have tapped
David R. Softness, P.A. as legal counsel; GGG Partners, LLC as a
chief restructuring officer; Bedford Advisers as financial advisor;
and Pat Duggins Consulting Services Inc. as an appraiser.

Synovus Bank is represented by Daniel Gold, Esq. --
Daniel.gold@bipc.com -- at Buchanan Ingersoll & Rooney as counsel.
Preferred Bank is represented by Daniel DeSouza, Esq. --
ddesouza@desouzalaw.com -- as counsel.


OVINTIV INC: Fitch Alters Outlook on 'BB+' LT IDRs to Positive
--------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings
(IDRs) of Ovintiv Inc. (OVV), Ovintiv Canada ULC and Ovintiv
Exploration Inc. at 'BB+', OVV and Ovintiv Exploration's senior
unsecured ratings at 'BB+'/'RR4', but revised the Rating Outlook
from Negative to Positive. Fitch has also affirmed the Short-Term
IDRs and CP ratings of Ovintiv Inc. and Ovintiv Canada ULC at 'B'.

The main drivers for the revision to Positive Rating Outlook center
on the company's $1.1 billion in announced asset sales and enhanced
FCF outlook, which should allow for accelerated gross balance sheet
reductions versus earlier targets, and will also address
refinancing concerns. For a future upgrade, Fitch would also expect
to see a trend of continued structural improvements in netbacks and
FCF across the cycle through unit cost reductions, while
maintaining low leverage and an adequate drilling inventory.

Ovintiv's ratings reflect the company's size and scale as an
independent exploration and production (E&P); above-average basin
and geographic diversification; improving FCF prospects, strong
line of sight on debt repayment over the next few quarters;
improving cost position; and adequate near-term hedge position.

These considerations are offset by margins and netbacks which have
historically lagged those of oilier diversified peers; its
still-significant exposure to natural gas (47% of production in
2020); and a maturity wall that was larger than average versus
peers as of YE20.

KEY RATING DRIVERS

Announced Asset Sales: OVV announced $1.1 billion in asset sales in
1Q21, including stakes in the Duvernay for $263 million in February
(includes $12 million contingency payment linked to future
commodity prices), and the sale of its Eagle Ford assets to Validus
Energy for $880 million. Both transactions are expected to close in
2Q21, subject to ordinary closing conditions and regulatory
approvals. Associated production is moderate relative to OVV's
asset base. Duvernay produced under 10,000 boepd in Q4 2020 (43%
liquids, 57% gas) and the Eagle Ford around 28,000 boepd ( 82%
liquids, 18% gas).

Improved FCF: OVV's 2021 FCF outlook has significantly improved
given lower cash costs, the impact of a cash tax refund and higher
oil prices. Lower cash costs stem from the roll off of Deep Panuke
remediation costs, lower legacy transport contracts and the impact
of a 25% workforce reduction taken during the pandemic. As
calculated by Fitch, OVV generated $62 million in FCF in 2020 with
leverage of 3.0x.

Lower Debt Targets: Given the combination of near-term asset sales
and improved FCF, the company has lowered its total gross debt
target from an earlier level in the $6.2 billion-$6.3 billion range
to
$4.5 billion by 1H22. Much of this reduction should be front-loaded
in 2021, and OVV expects to be at or below $5.0 billion in gross
debt by the end of the year. If executed on this timetable, this
will also address the refinancing issues that were a key concern
hanging over the credit earlier in the pandemic.

Sizable Gas Exposure: Although it continues to transition toward
liquids, OVV still has a sizable exposure to natural gas. As of
YE20, natural gas comprised approximately 47% of production, down
from around 53% in 2018 but still relatively high versus
diversified peers. OVV's production also has a relatively large
NGLs component in its liquids mix, along with better performing
condensate. Although pricing has improved recently for both natural
gas and NGLs as pandemic conditions lift, these mix effects have
been a key driver behind the company's below-average netbacks,
which lagged those of more oily E&P peers in recent years. High gas
exposure also drives the company's above-average G&T costs, which
are associated with managing gas basis risk.

Maturity Wall Still High: Although there is good line of sight in
taking down its maturity wall, OVV's maturity wall remained
above-average versus peers at YE20, and included $518 million in
3.9% November 2021 notes, $600 million in 5.75% January 2022 notes,
as well as a revolver and CP balance of $950 million (just under
24% utilization of total capacity). In the unexpected event pricing
were to see a second leg down, the company could be forced to lean
on the revolver again, although asset sale proceeds certainly would
cap the extent of borrowing.

Scale and Diversification: Following 2021 asset sales, OVV will
operate in four basins, with production concentrated in its three
core plays: the Permian, Montney and Anadarko Basins. Remaining
non-core production is largely in the Bakken. Fitch views OVV's
scaled multibasin model favorably given it mitigates against
single-basin regulatory risk and allows companies to still reach
their production guidance by shifting capital in the event issues
pop up in one basin. Separately, OVV announced a standstill
agreement with activist investor Kimmeridge in 1Q21.

DERIVATION SUMMARY

At approximately 544,000 boepd (YE20), OVV is above average in size
when compared with peers including Hess (BBB-/Stable), Marathon Oil
(BBB-/Stable), Apache (BB+/Stable) and Murphy (BB+/Negative).
Geographic and basin diversification is also above average for the
peer group and includes the company's three core growth plays
(Permian, Anadarko and Montney) and the Bakken, following recently
announced asset sales in the Duvernay and Eagle Ford. However, cash
netbacks remain below average versus diversified E&P peers due to
mix effects, including the company's high exposure to natural gas
(47% of production at YE20) and non-condensate NGLs, as well as
incremental G&T costs associated with managing AECO basis risk.
Fitch anticipates the company's netbacks should continue to
gradually improve due to the elimination of legacy costs, drilling
efficiencies and an ongoing transition to higher
liquids-weighting.

As calculated by Fitch, at Dec. 31, 2020, OVV's unhedged netbacks
averaged $4.37/boe, versus $12.05/boe for APA, $9.78/boe for MUR,
$8.48/boe for MRO, $5.02/boe for HES and $8.86/boe for DVN. OVV's
maturity wall and revolver utilization are also somewhat larger
than peers, although both issues should be addressed once
de-leveraging programs are completed over the next few quarters. No
parent/subsidiary, country ceiling or operating environment
considerations constrain the rating.

KEY ASSUMPTIONS

-- Base Case WTI oil price of $55 in 2021, and $50 across the
    remainder of the forecast;

-- Base Case Henry Hub natural gas prices of $2.75/mcf in 2021;
    and $2.45/mcf across the remainder of the forecast;

-- Capex of approximately $1.5 billion in 2021, rising gradually
    to just under $1.7 billion by 2024;

-- Production of 519,000 boepd in 2021, 516,000 boepd in 2022,
    522,000 boepd in 2023, and 536,000 boepd in 2024;

-- Eagle Ford and Duvernay asset sales close as expected in 2021
    for approximately $1.1 billion;

-- Total gross debt declines to just under $5.0 billion by the
    end of 2021;

-- Dividend growth and stock repurchases resume beginning 2023.

RATING SENSITIVITIES

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

-- Trend of continued structural improvements in netbacks and FCF
    across the cycle through unit cost reductions, while
    maintaining adequate drilling inventory;

-- Elimination of near term refi risk through gross debt
    reduction;

-- Mid-cycle debt/EBITDA below 2.5x;

-- Mid-cycle FFO leverage below 2.5x

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

-- Inability to maintain adequate liquidity while addressing
    upcoming maturities;

-- Mid-cycle debt/EBITDA above 3.0x;

-- Mid-cycle FFO leverage above 3.0x;

-- Trend of additional gross debt increases.

BEST/WORST CASE RATING SCENARIO

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

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: OVV's liquidity is adequate but revolver
utilization is higher than most peers. At Dec. 31, 2020, cash was
$10 million, and the company used $950 million of its $4.0 billion
in revolver capacity, comprised of a $598 million draw and $352
million in commercial paper. The company's CP program is 100%
backed by revolver capacity. OVV's revolver capacity is split
between a $2.5 billion unsecured revolver at Ovintiv Inc. and a
$1.5 billion revolver at Ovintiv Canada ULC, both of which mature
July 2024. Separately, the company has uncommitted credit lines
totaling $336 million, of which $67 million was used for undrawn
letters of credit. Maturities over the next few years include
$518 million in 3.9% notes due November 2021 and a $600 million in
5.75% notes due January 2022.

Financial Covenants: OVV's covenants are light, with the main
financial covenant a 60% maximum consolidated debt/capitalization
ratio on its revolver. The covenant excludes nonrecourse debt, the
Bow Office lease and allows for the add-back of approximately $7.7
billion in impairments taken when OVV converted to GAAP accounting
in 2011. Other features include a negative pledge and restrictions
on the ability to issue debt from non-guarantor material
subsidiaries (maximum of 17.5% of consolidated tangible assets). As
of YE20, the company had ample headroom on this covenant with an
actual ratio of 37%, versus 28% the year prior.

ESG CONSIDERATIONS

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


PARKERVISION INC: Widens Net Loss to $19.6 Million in 2020
----------------------------------------------------------
Parkervision, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$19.58 million on zero product revenue for the year ended Dec. 31,
2020, compared to a net loss of $9.45 million on $74,000 of product
revenue for the year ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $4.46 million in total assets,
$48.28 million in total liabilities, and a total shareholders'
deficit of $43.82 million.

Fort Lauderdale, Florida-based MSL, P.A., the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated March 31, 2021, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
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/914139/000091413921000006/prkr-20201231x10k.htm

                        About Parkervision

Headquartered in Jacksonville, Florida, ParkerVision, Inc.
(http://www.parkervision.com)has designed and developed
proprietary radio-frequency (RF) technologies that enable advanced
wireless solutions for current and next generation wireless
communication products.  ParkerVision is engaged in a number of
patent enforcement actions in the U.S. to protect patented rights
that it believes are broadly infringed by others.


PBS BRAND: Asks Court to Extend Plan Exclusivity Until August 18
----------------------------------------------------------------
Debtors PBS Brand Co. LLC and its affiliates request the U.S.
Bankruptcy Court for the District of Delaware to extend the
exclusive periods during which the Debtors may file a plan and to
solicit acceptances, through and including August 18, 2021, and
October 18, 2021, respectively.

The Debtors have made significant progress in their chapter 11
cases, having resolved many of the outstanding issues. The
negotiations with the Official Committee of Unsecured Creditors and
lenders are proceeding in earnest but have not yet been concluded,
and additional issues with other interested parties have impeded
the Debtors' efforts to prepare and file a plan in these cases.

On February 18, 2021, the Debtors, after consultation with the
Committee, filed a combined plan and disclosure statement (as
subsequently amended, the "Plan").

On March 18, 2021, the Court entered an Order:
(i) Approving on an Interim Basis the Adequacy of Disclosures in
the Combined Amended Plan and Disclosure Statement;
(ii) Scheduling the Confirmation Hearing and Deadline for Filing
Objections;
(iii) Establishing Procedures for Solicitation and Tabulation of
Votes to Accept or Reject the Combined Plan and Approving the Form
of Ballot and Solicitation Package; and
(iv) Approving the Notice Provisions (the "Solicitation Order").

The Debtors have not only filed a combined plan and disclosure
statement but the Court entered the Solicitation Order, the Debtors
have served a copy of the Plan and other related documents upon
creditors and other parties in interest, and a hearing to consider
confirmation is scheduled for April 28, 2021.

Again, the Debtors are currently in the process of plan
solicitation, and the voting deadline is April 19, 2021. The
Debtors are working towards a resolution of all open simultaneously
supports a reasonable extension of time. In addition, the various
possible outcomes of these situations would have a material effect
on any proposed plan's feasibility.

The Debtors anticipate that the plan will be confirmed, however out
of an abundance of caution seek entry of an Order extending the
exclusivity periods.

The Debtors' request for an extension of the Exclusive Periods is
not a negotiation tactic, but a prophylactic measure to preserve
the exclusive rights of the Debtors to formulate and confirm an
alternative viable and feasible plan in the event that creditors do
not vote to accept the Plan or if the Plan is not confirmed for
some other reason.

A copy of the Debtors' Motion to extend is available at
https://bit.ly/3nbMKbZ from Omniagentssolutions.com.

                             About PBS Brand Co.

PBS Brand Co. LLC and its affiliates are a chain of "eatertainment"
venues that blends best in category scratch-kitchen culinary
specialties, and craft cocktail and craft non-alcoholic programs.

Each of the Punch Bowl locations is a design-forward environment
that provides its patrons with a different and diverse selection of
games including, among other things, bowling, scrabble,
shuffleboard, virtual reality, billiards, karaoke, vintage arcade
games, ping-pong, darts, and skee-ball, and in one location, a
nine-hole miniature golf course, that create a setting conducive to
large corporate gatherings as well as a la carte sales.

PBS Brand Co. and its affiliates concurrently filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Case No. 20-13157) on December 21, 2020. Stacy
Johnson Galligan, authorized representative, signed the petitions.
At the time of the filing, PBS Brand was estimated to have $10
million to $50 million in both assets and liabilities.

The Honorable Janet Kathleen Stickles replaced Judge John T.
Dorsey, who previously oversees the cases.

The Debtors tapped Morris James LLP as their legal counsel; SSG
Advisors, LLC as investment banker; Omni Agent Solutions as the
claims, noticing and balloting agent; Edward Gavin of
Gavin/Solmonese and Mark Shapiro of B. Riley Advisory Services both
serve as chief restructuring officers; and CBRE, Inc. as real
estate broker.

On January 6, 2021, the Office of the United States Trustee for the
District of Delaware appointed an official committee of unsecured
creditors in these Chapter 11 Cases. Porzio, Bromberg & Newman,
P.C. and Province, LLC serve as the committee's legal counsel and
financial advisor, respectively.


PCDM PROPERTIES: Seeks to Hire Keating Firm as Legal Counsel
------------------------------------------------------------
PCDM Properties, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Louisiana to hire The Keating Firm,
APLC to handle its Chapter 11 case.

Keating Firm will be paid at the rate of $250 per hour for the
services of its attorneys and $75 per hour for paralegal services.
The firm will also be reimbursed for out-of-pocket expenses
incurred.

David Patrick Keating, Esq., partner of The Keating Firm, disclosed
in a court filing that his firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

Keating Firm can be reached at:

     David Patrick Keating, Esq.
     The Keating Firm, APLC
     P.O. BOX 3426
     Lafayette, LA 70502
     Tel: (337)594-8200
     Email: rickkeating@charter.net

                       About PCDM Properties

PCDM Properties, LLC, file its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. Case No.
21-50212) on April 13, 2021.  At the time of filing, the Debtor
disclosed $500,001 to $1 million in assets and $100,001 to $500,000
in liabilities.  The Keating Firm, APLC serves as the Debtor's
legal counsel.


PHI GROUP: Posts $226,717 Net Loss in Quarter Ended Dec. 31
-----------------------------------------------------------
PHI Group, Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q disclosing a net loss of $226,717
on zero revenue for the three months ended December 31, 2019,
compared to a net loss of $407,042 on $200,000 of total revenues
for the three months ended Dec. 31, 2018.

For the six months ended Dec. 31, 2019, the Company reported a net
loss of $580,149 on $8,531 of total revenues compared to a net loss
of $1.32 million on $200,000 of total revenues for the six months
ended Dec. 31, 2018.

As of Dec. 31, 2019, the Company had $1.09 million in total assets,
$6.56 million in total liabilities, and a total stockholders'
deficit of $5.47 million.

PHI Group said, "As shown in the accompanying consolidated
financial statements, the Company has accumulated deficit of
$42,376,931 as of December 31, 2019 and total stockholders' deficit
of $5,465,852.  For the quarter ended December 31, 2019, the
Company incurred a net loss of $226,348 as compared to a net loss
in the amount of $407,042 during the same period ended December 30,
2019.  These factors as well as the uncertain conditions that the
Company faces in its day-to-day operations with respect to cash
flows create an uncertainty as to the Company's ability to continue
as a going concern.  The financial statements do not include any
adjustments that might be necessary should the Company be unable to
continue as a going concern.  Management has taken action to
strengthen the Company's working capital position and generate
sufficient cash to meet its operating needs through June 30, 2021
and beyond."

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

https://www.sec.gov/Archives/edgar/data/704172/000149315221009252/form10-q.htm

                          About PHI Group

Headquartered in Irvine, California, PHI Group, Inc.
(www.phiglobal.com) is primarily engaged in the operations of
PHILUX Global Funds, SCA, SICAV-RAIF, a "Reserved Alternative
Investment Fund" ("RAIF") under the laws of Luxembourg, and the
development of the Asia Diamond Exchange in Vietnam.  Besides, the
Company provides corporate finance services, including merger and
acquisition advisory and consulting services for client companies
through its wholly owned subsidiary PHILUX Capital Advisors, Inc.
(formerly PHI Capital Holdings, Inc.) (www.philuxcap.com) and
invests in selective industries as well as special situations that
may potentially create significant long-term value for
shareholders.  PHILUX Global Funds will include a number of
sub-funds for investment in agriculture, renewable energy, real
estate, infrastructure, and the Asia Diamond Exchange in Vietnam.


PIASECKI REALTY: Case Summary & 3 Unsecured Creditors
-----------------------------------------------------
Debtor: Piasecki Realty, LLC
        857 Union Avenue
        New Windsor, NY 12553

Business Description: Piasecki Realty, LLC is a Single Asset Real
                      Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).  The Company is the fee
                      simple owner of 4 acres property with 7200
                      sq. ft warehouse located at 857 Union
                      Avenue, New Windsor, New York valued at
                      $999,000.

Chapter 11 Petition Date: April 22, 2021

Court: United States Bankruptcy Court
       Southern District of New York

Case No.: 21-35317

Judge: Hon. Cecelia G. Morris

Debtor's Counsel: Michelle L. Trier, Esq.
                  GENOVA & MALIN, LLP
                  1136 Route 9
                  Wappingers Falls, NY 12590

Total Assets: $999,000

Total Liabilities: $1,501,315

The petition was signed by Wieslaw Piasecki, managing member.

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

https://www.pacermonitor.com/view/M56KQDI/Piasecki_Realty_LLC__nysbke-21-35317__0001.0.pdf?mcid=tGE4TAMA


PLATINUM GROUP: Incurs US$4-Mil. Net Loss for Quarter Ended Feb. 28
-------------------------------------------------------------------
Platinum Group Metals Ltd. filed with the Securities and Exchange
Commission its Quarterly Report on Form 6-K disclosing a net loss
of US$3.99 million for the three months ended Feb. 28, 2021,
compared to a net loss of US$3.10 million for the three months
ended Feb. 29, 2020.

For the six months ended Feb. 28, 2021, the Company reported a net
loss of US$6.55 million compared to a net loss of US$2.55 million
for the six months ended Feb. 29, 2020.

As of Feb. 28, 2021, the Company had US$50.77 million in total
assets, US$31.93 million in total liabilities, and US$18.85 million
in total shareholders' equity.

Platinum Group said, "The Company's ability to continue operations
in the normal course of business will therefore depend upon its
ability to secure additional funding by methods that could include
debt refinancing, equity financing, the sale of assets and
strategic partnerships.  Management believes the Company will be
able to secure further funding as required although there can be no
assurance that these efforts will be successful.  These factors
give rise to material uncertainties resulting in substantial doubt
as to the ability of the Company to continue to meet its
obligations as they come due and hence, the ultimate
appropriateness of the use of accounting principles applicable to a
going concern."

A full-text copy of the Form 6-K is available for free at:

https://www.sec.gov/Archives/edgar/data/1095052/000106299321003604/exhibit99-1.htm

                     About Platinum Group Metals

Headquartered in British Columbia, Canada, Platinum Group Metals
Ltd. -- http://www.platinumgroupmetals.net-- is a platinum and
palladium focused exploration, development and operating company
conducting work primarily on mineral properties it has staked or
acquired by way of option agreements or applications in the
Republic of South Africa and in Canada.  The Company's sole
material mineral property is the Waterberg Project.  The Company
continues to evaluate exploration opportunities both on currently
owned properties and on new prospects.

Platinum Group reported a net loss of US$7.13 million for the year
ended Aug. 31, 2020, compared to a net loss of US$16.77 million for
the year ended Aug. 31, 2019.  As of Aug. 31, 2020, the Company had
US$37.41 million in total assets, US$41.56 million in total
liabilities, and a total shareholders' deficit of US$4.14 million.

PricewaterhouseCoopers LLP, in Vancouver, Canada, the Company's
auditor since 2007, issued a "going concern" qualification in its
report dated Nov. 25, 2020, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency,
negative working capital and has significant amounts of debt
payable without any current source of operating income which raise
substantial doubt about its ability to continue as a going concern.


PLAYER'S POKER: Seeks to Hire  Kallman + Logan as Accountant
------------------------------------------------------------
Player's Poker Club, Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire Kallman +
Logan & Company, LLP as its accountant.

The Debtor requires an accountant to prepare income tax returns and
provide bookkeeping services.

The firm will be paid at hourly rates as follows:

     Frances Kallman     $425
     Danielle Li         $285
     Christiane Riancho  $220
     Febbir Napial       $180
     Nicole Corona       $180
     Diana Leon          $100

As disclosed in court filings, Kallman does not represent interests
adverse to the Debtor and its bankruptcy estate.

The firm can be reached through:

     Frances Kallman
     Kallman + Logan & Company, LLP
     125 South Barrington Place,
     Los Angeles, CA 90049
     Phone: 310-909-1900
     Fax: 310-909-1909
     Email: frances@klcocpas.com

                     About Player's Poker Club

Player's Poker Club, Inc. filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case
No. 21-10357) on April 6, 2021.  Patrick Berry, general manager,
signed the petition.  At the time of the filing, the Debtor
disclosed $3,061,422 in assets and $3,500,852 in liabilities.  The
Debtor tapped Kogan Law Firm, APC and Kallman + Logan & Company,
LLP as its legal counsel and accountant, respectively.


POWER BAIL: Court OKs Deal on Cash Collateral Use Thru June 30
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Riverside has approved the Fourth Interim Stipulation Authorizing
the Use of Cash Collateral between Caroline Djang, the Subchapter V
Trustee-in-Possession for the bankruptcy estate of Power Bail
Bonds, Inc., and Secured Creditor Lexington National Insurance
Corporation.

The Trustee and LNIC have reached an agreement regarding the
consensual use of Cash Collateral that would allow the Trustee's
interim use of Cash Collateral to pay ordinary, necessary and
reasonable operating expenses incurred by the estate for the Second
Quarter of 2021 (April 1, 2021 to June 30, 2021).

The LNIC is a secured creditor of the Debtor by virtue of a blanket
security interest in all of the Debtor's assets properly perfected
by the recording of a UCC-1 financing statement on or August 28,
2017.  LNIC's collateral includes, without limitation, the Debtor's
accounts receivable and certain intellectual property.

LNIC is the only creditor of the Debtor with a security interest in
the Debtor's AR.

LNIC will be filing an amended proof of claim in the amount of not
less than $5,882,958.

The Trustee's authorization to use Cash Collateral is conditioned
upon these terms:

     a. For accounts that are current (i.e., payment made within
last 120 days), the Trustee will be allowed to offer up to a 25%
discount on accounts receivable with a balance of $1,000 or less;
on current accounts with a balance of more than $1,000, the Trustee
shall be allowed to offer no more than a 10% discount without
express written permission from LNIC; for accounts that are
delinquent (payment not made within last 120 days), the Trustee
shall be allowed to offer up to a 50% discount so long as the
amount forgiven does not exceed $3,000.

     b. The Trustee will remit to LNIC 90% of all net revenues
collected by Trustee during the Term. The amounts monies shall be
received by LNIC on a monthly basis through a designated account
via ACH transmittal not later than 5 calendar days after the end of
April, May and June 2021.

     c. LNIC will inform the Trustee of its total claims, legal,
and recover expense: (i) for the period of April 1, 2021 to April
30, 2021 by 9:00 am on May 3, 2021; (ii) for the period of May 1,
2021 to May 31, 2021 by 9:00 am on June 1, 2021; and (iii) for the
period of June 1, 2021 to June 30, 2021 by 9:00 am on July 1, 2021
so that Trustee can timely provide LNIC reimbursement for LINC's
CLR expense and then in turn provide LNIC with the 90% of all net
revenues.

     d. LNIC will provide the Trustee with proof of its expenses
(i.e., invoices, copies of checks, etc.) for claims, legal, and
recovery costs for: (i) for the period of April 1, 2021 to April
30, 2021, by May 4, 2021; (ii) for the period of May 1, 2021 to May
31, 2021 by June 4, 2021; and (iii) for the period of June 1, 2021
to June 30, 2021 by July 6, 2021.

     e. The Trustee will turnover to LNIC excess cash collateral
funds in the amount of $113,983.87, within five days of the entry
of an order approving the Stipulation.

     f. Noncompliance by the Trustee with any of the express terms
or provisions of the Stipulation will result in the immediate loss
of the Trustee's authorization to use Cash Collateral.

                      About Power Bail Bonds

Power Bail Bonds, Inc., a company based in Temecula, Calif., filed
a Chapter 11 petition (Bankr. C.D. Calif. Case No. 20-14155) on
June 15, 2020. In the petition signed by Marcus Romero, chief
executive officer and president, Debtor disclosed $55,112,483 in
assets and $2,673,222 in liabilities.

Judge Mark S. Wallace oversees the case.

The Debtor tapped Reid & Hellyer, APC as its bankruptcy counsel and
John R. Mayer, A Professional Law Corporation as its special
counsel.

Caroline R. Djang has been appointed as Subchapter V trustee in the
Debtor's Chapter 11 case.



PREFERRED EQUIPMENT: Wins Cash Collateral Access Thru April 28
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Rhode Island has
authorized Preferred Equipment Resource, LLC to use cash collateral
on an interim basis through April 28, 2021.

The Debtor is authorized to use no more than $8,000 of the cash
collateral of TD Bank, N.A. solely for the purpose of satisfying
payroll obligations for these payroll periods: (1) April 11, 2021
through April 17, 2021; and (2) April 18, 2021 through April 24,
2021.

As adequate protection for the Debtor's use of cash collateral, TD
Bank is granted a post-petition replacement lien and security
interest on all of the Debtor's business assets of the estate to
the same extent, type, priority, and validity of TD Bank's
pre-petition liens and security interests in the amount of any cash
collateral utilized.

The continued hearing on the matter is set for April 28 at 11 a.m.

A copy of the order is available for free at https://bit.ly/32CO0LA
from PacerMonitor.com.

             About Preferred Equipment Resource, LLC

Preferred Equipment Resource, LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D.R.I. Case No.
1:21-bk-10308) on April 16, 2021. In the petition signed by Kenneth
R. Bent, member, the Debtor disclosed up to $500,000 in assets and
up to $1 million in liabilities.

Judge Diane Finkle oversees the case.

Peter M. Iascone, Esq., at Peter M. Iascone & Associates, Ltd., is
the Debtor's counsel.



PRIMO WATER: S&P Rates New US$750MM Senior Unsecured Notes 'B'
--------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '4'
recovery rating to Primo Water Holdings Inc.'s proposed US$750
million senior unsecured notes. The '4' recovery rating indicates
its expectation for modest (30%-50%; rounded estimate: 40%)
recovery in the event of a default. Primo Water Holdings is a
wholly-owned subsidiary of Primo Water Corp. (Primo) (B/Stable/--).
The proceeds of the transaction, together with cash on hand and
borrowings under the revolver, will be used to refinance Primo
Water Corp.'s existing US$750 million senior unsecured notes
maturing in 2025. S&P views the proposed transaction as leverage
neutral and debt to EBITDA (on an S&P Global Ratings' adjusted
basis) pro forma the transaction will remain about 5x based on
year-end 2020 EBITDA. The rating on Primo Water Corp. is
unchanged.

Primo's residential segment, which accounts for 60% of overall
revenues, should support the company's earnings through 2021
pending recovery in the commercial segment, which continues to be
affected by the COVID-19 pandemic. A combination of volume and
modest pricing should result in mid-single-digit revenue growth in
2021.

S&P said, "Furthermore, we believe Primo should be able to support
its profitability due to the company's proactive cost-saving
measures and ability to pass through commodity and freight costs to
customers. Therefore, we expect it will sustain EBITDA margins (on
an S&P Global Ratings' adjusted basis) in the 17.5%-18.0% range and
debt to EBITDA in the high 4x area through 2021. We also estimate
the company will generate sufficient free cash flows to support
tuck-in acquisitions of about US$40 million-US$60 million."

ISSUE RATINGS—RECOVERY ANALYSIS

Key analytical factors

-- S&P is assigning its 'B' issue-level rating and '4' recovery
rating to Primo Water Holdings' US$750 million proposed senior
unsecured notes. The '4' recovery rating indicates its expectation
for modest (30%-50%; rounded estimate: 40%) recovery in the event
of a default.

-- S&P's simulated default scenario incorporates the assumption
that the company would default in 2024 due to a sharp decline in
sales from a combination of lost customers, heightened competition,
and a prolonged weak economy.

-- S&P assumes the company would reorganize or be sold as a going
concern as opposed to being liquidated, primarily based on its
viable business model and decent market-share positions in the
North American and European home and office water-delivery
markets.

-- S&P values Primo on a going-concern basis using a 6x multiple
on its emergence EBITDA, which corresponds to the company's
estimated fixed charges in our simulated default year.

Simulated default assumptions

-- Simulated default year: 2024
-- Emergence EBITDA: US$150 million
-- Multiple: 6x

Simplified waterfall

-- Gross recovery value: US$898 million
-- Net recovery value for waterfall after administrative expenses
(5%): US$853 million
-- Estimated priority claims: US$309 million
-- Remaining recovery value: US$544.5 million
-- Estimated senior unsecured notes claim: US$1.32 billion
-- Value available for senior unsecured notes claim: US$544.5
million
    --Recovery range: 30%-50% (rounded estimate: 40%)

All debt amounts include six months of prepetition interest.


PROLINE CONCRETE: May 27 Plan Confirmation Hearing Set
------------------------------------------------------
On April 12, 2021, debtor Proline Concrete of WNY, Inc. filed with
the U.S. Bankruptcy Court for the Western District of New York a
First Amended Disclosure Statement referring to a First Amended
Plan.

On April 20, 2021, Judge Carl L. Bucki approved the First Amended
Disclosure Statement and established the following dates and
deadlines:

     * May 27, 2021 at 11:00 A.M. at the Robert H. Jackson U.S.
Courthouse, 2 Niagara Square, 5th Floor-Orleans Courtroom, Buffalo,
NY 14202 is the hearing on confirmation of the plan.

     * May 24, 2021 is fixed as the last day for filing and serving
written objections to confirmation of the plan.

     * Ballots accepting or rejecting this plan may be filed at any
time before the confirmation hearing.

A full-text copy of the order dated April 20, 2021, is available at
https://bit.ly/3xoQonh from PacerMonitor.com at no charge.

The Debtor is represented by:

         BAUMEISTER DENZ LLP
         Arthur G. Baumeister, Jr.
         174 Franklin Street, Suite 2
         Buffalo, New York 14202
         Tel: (716) 852-1300
         Fax: (716) 852-1344
         E-mail: abaumeister@bdlegal.net

                About Proline Concrete of WNY

Proline Concrete of WNY, Inc., filed a chapter 11 petition (Bankr.
W.D.N.Y. Case No. 16-11455) on July 25, 2016.  The petition was
signed by James R. Sickau, president.  At the time of the filing,
the Debtor was estimated to have assets and debts at $1 million to
$10 million.  The case is assigned to Judge Carl L. Bucki.  The
Debtor is represented by Arthur G. Baumeister, Jr., Esq., at
Amigone, Sanchez & Mattrey LLP.


PURDUE PHARMA: Binder & Schwartz Represents Class Claimants
-----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Binder & Schwartz submitted a verified statement to
disclose that it is representing the Public School District
Creditors in the Chapter 11 cases of Purdue Pharma L.P., et al.

Binder & Schwartz represents the Baltimore City Board of School
Commissioners, the Board of Education of Miami-Dade County Public
Schools, the Board of Education of Thornton Township High School
District 205, the other public school districts identified in
Exhibit A hereto, and such other school districts as may
subsequently join the proposed class of "all public school
districts nationwide that are independent governmental entities."
See Motion by Public School Districts for an Order Allowing Them to
Proceed with a Class Proof of Claim and Certifying a Class.

The names of the Public School District Creditors are listed in
Exhibit A hereto, which is incorporated herein by reference. The
Public School District Creditors can be reached at the following
address:

          Binder & Schwartz LLP
          366 Madison Avenue, 6th Floor
          New York, New York 10017
          Attn: Eric B. Fisher

-- School District Clients:

    Board of Education of Miami-Dade County Public Schools
    Baltimore City Board of School Commissioners
    Board of Education of Rochester City School District
    Board of Education of Minnetonka School District No. 276

-- Illinois:

    Board of Education of East Aurora School District No. 131
    Board of Education of Thornton Township High School District
    205
    Board of Education of Thornton Fractional Township High
    Schools, Illinois District No. 215
    Board of Education of Joliet Township High School District 204
    Board of Education of the City of Chicago, School District 299

-- West Virginia:

    Board of Education of Mason County Public School District
    Board of Education of Putnam County Schools
    Board of Education of Wyoming County Schools
    Board of Education of Marion County Schools

-- Kentucky:

    Board of Education of Fayette County Public Schools
    Board of Education of LaRue County Schools
    Board of Education of Bullitt County School District
    Board of Education of Breathitt County Schools
    Board of Education of Estill County Schools
    Board of Education of Harrison County Schools
    Board of Education of Hart County Schools
    Board of Education of Jefferson County Public Schools
    Board of Education of Johnson County School District
    Board of Education of Lawrence County Schools
    Board of Education of Martin County Schools
    Board of Education of Menifee County Schools
    Board of Education of Owsley County Schools
    Board of Education of Wolfe County Schools

-- Maine:

    Board of Education of Bangor School Department
    Board of Education of Cape Elizabeth School Department
    Board of Education of Maine Regional School Unit #10
    Board of Education of Maine Regional School Unit #13
    Board of Education of Maine Regional School Unit #25
    Board of Education of Maine Regional School Unit #26
    Board of Education of Maine Regional School Unit #29
    Board of Education of Maine Regional School Unit #34
    Board of Education of Maine Regional School Unit #40
    Board of Education of Maine Regional School Unit #50
    Board of Education of Maine Regional School Unit #57
    Board of Education of Maine Regional School Unit #60
    Board of Education of Maine Regional School Unit #71
    Board of Education of Maine Regional School Unit #9
    Board of Education of Maine School Administrative District #11
    Board of Education of Maine School Administrative District #15
    Board of Education of Maine School Administrative District #28
    Board of Education of Maine School Administrative District #35
    Board of Education of Maine School Administrative District #44
    Board of Education of Maine School Administrative District #53
    Board of Education of Maine School Administrative District #55
    Board of Education of Maine School Administrative District #6
    Board of Education of Maine School Administrative District #61
    Board of Education of Maine School Administrative District #72
    Board of Education of Portland School Department
    Board of Education of Scarborough School Department
    Board of Education of South Portland School Department
    Board of Education of St. George Municipal School District
    Board of Education of Waterville School Department
    Board of Education of Ellsworth School Department

-- New Hampshire:

    Board of Education of Goshen School District
    Board of Education of Kearsarge Regional School District-SAU65
    Board of Education of Lebanon School District
    Board of Education of Pittsfield School District
    Board of Education of Tamworth School District

-- New Mexico:

    Board of Education of Eunice Public School District
    Board of Education of Gallup-McKinley County School District

Counsel for the Public School District Creditors can be reached
at:

          BINDER & SCHWARTZ LLP
          Eric B. Fisher, Esq.
          366 Madison Avenue, 6th Floor
          New York, NY 10017
          Tel: (212) 510-7008
          Fax: (212) 510-7299
          E-mail: efisher@binderschwartz.com

A copy of the Rule 2019 filing is available at
https://bit.ly/3et8YCi at no extra charge.

                    About Purdue Pharma LP

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers. More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation.  The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.  

The Debtors tapped Davis Polk & Wardwell LLP and Dechert LLP as
legal counsel; PJT Partners as investment banker; AlixPartners as
financial advisor; and Prime Clerk LLC as claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in Debtors'
bankruptcy cases.

David M. Klauder, Esq., was appointed as fee examiner. The fee
examiner is represented by Bielli & Klauder, LLC.


PURDUE PHARMA: Watchdog Says It Needs to Explain Payouts
--------------------------------------------------------
Daniel Gill of Bloomberg Law reports that Purdue Pharma must
explain payouts and shield for sacklers, watchdog says.

Purdue Pharma LP is facing a federal bankruptcy watchdog's
opposition to disclosures supporting its reorganization plan over
concerns that the company hasn't explained how it intends to
classify and pay out billions of dollars worth of claims.

The OxyContin manufacturer's disclosure statement also fails to
adequately explain liability releases for the Sackler family, the
Justice Department's U.S. Trustee's Office said Wednesday, April
21, 2021. The Purdue owners are slated to contribute $4.2 billion
to the bankruptcy estate as part of a settlement in the case.

The disclosure statement doesn’t analyze what creditors would get
if the company were liquidated in Chapter 7.

                    About Purdue Pharma LP

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers.  More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation.  The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.  

The Debtors tapped Davis Polk & Wardwell LLP and Dechert LLP as
legal counsel; PJT Partners as investment banker; AlixPartners as
financial advisor; and Prime Clerk LLC as claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in Debtors'
bankruptcy cases.

David M. Klauder, Esq., was appointed as fee examiner.  The fee
examiner is represented by Bielli & Klauder, LLC.


QUALITY WELDING: Pep-Up Buying 2 90-Gal. LPG Storage Tank for $350K
-------------------------------------------------------------------
Quality Welding & Fabrication, Inc., asks the U.S. Bankruptcy Court
for the Southern District of Mississippi to authorize the sale of
two 90-gallon LPG storage tanks to Pep-Up, Inc., for $350,000, plus
shipping.

Quality owns various pieces of equipment which are surplus and no
longer needed in its manufacturing business.  The equipment is
encumbered by duly perfected liens in favor of Hancock Whitney
Bank.  Upon information and belief, Quality believes Hancock will
consent to its proposed sale.

The Debtor would propose that the lienholder, Hancock, should
receive the net proceeds from the sale of the personal property
upon which it holds a valid first perfected lien position.  The net
proceeds will mean the proceeds remaining after any sales
commission, re-furbishing expenses or transportation costs.

The Debtor has received an offer from the Buyer to purchase two
90-gallon LPG storage tanks for the price of $350,000, plus
shipping to be paid by the Purchaser.  Preparation expenses to be
incurred by Quality to ready the tanks for shipment will be
approximately $21,286 per tank.

Pursuant to Rule 6004(h) F. R. Bankr. P., Quality asks that the
14-day stay should be waived.

              About Quality Welding & Fabrication

Based in Columbia, Mississippi, Quality Welding & Fabrication,
Inc.
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Miss. Case no. 20-50970) on June 11, 2020, listing $1 million
to $10 million in both assets and liabilities.  

Robert Alan Byrd, Esq., at Byrd & Wiser represents the Debtor as
counsel.   Massey Higginbotham & Vise, P.A. was hired as its
special counsel.



QURATE RETAIL: S&P Alters Outlook to Stable, Affirms 'BB-' ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook on U.S.-based video commerce
and online retailer Qurate Retail Inc. to stable from negative and
affirmed all of its ratings, including its 'BB-' issuer credit
rating, on the company.

S&P said, "The stable outlook reflects our expectation that Qurate
will continue to generate good cash flow while prioritizing
shareholder returns, which will lead it to sustain leverage in the
high 3x range.

"We expect the company's stable operating performance in 2021 and
ongoing shareholder returns to lead to steady credit measures. In
2020, Qurate outperformed our revenue growth and margin
expectations across its businesses and we now expect it to maintain
leverage in the high 3x area, which compares with our previous
expectations at the onset of the pandemic for a slower recovery and
higher leverage. Despite our forecast for intensified competitive
pressures and a normalization of consumer behavior in 2021, we
believe the company's operating performance will remain stable as
it continues to make progress on its digital video and e-commerce
initiatives. We also expect Qurate to continue to realize synergies
from its integration of HSN while expanding and retaining its pool
of new customers in the U.S. and internationally. In 2020, the
company benefited from higher demand for home-related products and
accessories due to the COVID-19 pandemic, which helped to offset
the softness in its apparel and beauty demand. While Qurate's S&P
Global Ratings-adjusted leverage was 3.5x in 2020, we expect its
performance to moderate this year due to the tapering of demand for
home-related products and its ongoing shareholder returns, which
will lead its leverage to deteriorate slightly to the high 3x area.
Still, we are revising our assessment of the company's financial
risk profile to significant from aggressive given the prospects for
an improvement in its credit measures.

"We expect the company to have ample liquidity and believe it will
continue to generate solid free operating cash flow (FOCF). As of
December 2020, Qurate had full availability under its $2.95 billion
revolver (including the remaining portion of the $400 million
tranche available to Zulily and outstanding letters of credit) and
we expect it to maintain a sufficient cushion under its financial
covenants given our expectation that it will improve its earnings
without materially increasing its debt. In 2020, the company
generated about $2 billion of FOCF, though we expect its FOCF
generation to moderate toward $1 billion annually in the coming
years as its inventory levels normalize and its capital investment
rebounds.

"Despite the medium-terms risk stemming from cord cutting,
declining TV viewership, and intensified competitive pressures, we
expect the company will continue to favor shareholders returns over
debt reduction. Qurate generates a significant portion of its
revenue from TV viewership, which is in secular decline due to cord
cutting and other factors. We also foresee some execution risks as
the company shifts away from TV viewership in a cost-effective
manner, though we recognize that it has adequate financial
resources to expand its digital and mobile content. Finally, Qurate
remains susceptible to intensified competitive pressures that could
require it to hasten its promotional cadence to sustain its sales.

"Qurate continues to execute unconventional transactions to return
capital to its shareholders. The company paid nearly $1.3 billion
in special cash dividends to its shareholders in 2020 and
distributed approximately $1.3 billion through the 8% cash dividend
on its preferred stock, which we include in our calculation of its
adjusted debt due to the terms of the equity. The company also
resumed its share repurchase program late in 2020 and we expect it
to continue to favor shareholders returns. This could reduce its
cash balance, which we net against its debt in our adjusted debt
calculations. That said, these actions were consistent with its
publicly stated financial policy of maintaining leverage of less
than 2.5x at QVC Inc. We believe the company actually has some room
to increase its leverage (by about a half turn) while remaining
within this target range. Our calculation of Qurate's leverage,
which reflects its debt levels and our adjustments, at the overall
corporate structure was closer to 3.5x as of year-end 2020.
Therefore, we revised our comparable ratings analysis modifier to
negative from neutral to reflect our expectation that its credit
measures will be at the weaker end of our significant financial
risk profile range, as well as the execution risks associated with
the secular changes it is navigating and its relatively aggressive
financial policy.

"The stable outlook on Qurate reflects our expectation that it will
continue to acquire and retain new customers while generating good
cash flow, despite the tapering in the demand for its home-related
products, as the post-pandemic operating environment normalizes. We
expect the company to continue to prioritize capital returns to its
shareholders over business investments, which will lead its
leverage to remain in the high 3x area on a sustained basis.

"We could raise our rating on Qurate if we expect it to sustain
leverage of less than 3.5x and believe its business has good growth
prospects despite the operating headwinds stemming from the secular
decline in TV viewership. We will monitor the company's ability to
increase its digital video penetration and maintain its
profitability over the longer term.

"We could lower our ratings on Qurate if we expect its adjusted
leverage to rise to about 4.5x or higher." This could occur if:

-- The company significantly underperforms S&P's expectations and
reports depressed sales and profits due to misguided business
execution or merchandise missteps, greater-than-expected
cord-cutting patterns, or increased competitive pressures amid
scarce discretionary spending, which would cause us to assess its
business less favorably; or

-- The company's financial policy becomes more aggressive and it
undertakes larger shareholder returns, such as through
debt-financed stock buybacks, while its performance weakens.



ROLLING HILLS: Has Interim OK to Use Cash Collateral Thru May 11
----------------------------------------------------------------
Judge Kathy A. Surratt-States authorized Rolling Hills Apartments,
LLC to use cash collateral on an interim basis through May 11,
2021, to pay the operating expenses of its business in accordance
with the budget.

The Debtor is directed to pay LBCI REO, LLC $5,000 by the first of
each month beginning May 1 as adequate protection for the use of
LBCI's cash collateral.

As of the Petition Date, the Debtor owes LBCI $2,582,173, plus
attorney's fees and costs.  The debt is secured by valid,
perfected, enforceable, first priority liens and security interests
in the Debtor's real property in Maya Lane, St. Louis, Missouri.
The liens and security interest extends to the rent income
generated by the property.

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

Final hearing is set for May 11 at 10 a.m. in the United States
Bankruptcy Court for the Eastern District of Missouri, Courtroom
7-North.  Objections must be filed no later than May 4.

              About Rolling Hills Apartments, LLC

Rolling Hills Apartments is a Single Asset Real Estate debtor (as
defined in 11 U.S.C. Section 101(51B)). Rolling Hills sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
E.D. Mo. Case No. 21-41314) on April 9, 2021.

In the petition signed by Robert Keith Bennett, manager, the Debtor
disclosed $3,486,865 in assets and $3,752,509 in liabilities.

Judge Kathy A. Surratt-States oversees the case.

Counsel for the Debtor:

   Robert E. Eggman, Esq.
   Thomas H. Riske, Esq.
   Carmody MacDonald, P.C.
   120 South Central Ave., Suite 1800
   St. Louis, MO 63105
   Tel: (314) 854-8600
   Fax: (314) 854-8660



ROMANS HOUSE: Wins Cash Collateral Access Thru May 4
----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas, Fort
Worth Division, has authorized Romans House, LLC and Healthcore
System Management, LLC to use cash collateral on an interim basis
in accordance with their respective budgets, with a 10% variance.

The Interim Order acknowledges that certain creditors may assert
they are secured in substantially all of the respective Debtors'
personal property and the proceeds thereof.  The secured creditors
include Pender Capital Asset Based Lending Fund, LP.

As adequate protection of the Romans Secured Creditors' interest,
if any, in the Cash Collateral pursuant to sections 361 and 363(e)
of the Bankruptcy Code to the extent of any diminution in value
from the use of the Collateral the Court grants the Secured
Creditors a replacement security lien on and replacement liens on
all of Romans' personal property, whether the property was acquired
before or after the Petition Date.

The Replacement Liens are equal to the aggregate diminution in
value of the respective Collateral, if any, that occurs from and
after the Petition Date.  The Replacement Liens will be of the same
validity and priority as the Secured Creditors' liens on the
respective prepetition Collateral.

As additional adequate protection for Romans' use of cash
collateral, Pender is granted these protections:

     a. Adequate Protection Partial Payment: Romans will pay Pender
$5,000 on or before April 28, 2021.

     b. Financial Reporting: Romans will continue to provide
financial reporting to Pender in the same manner as was provided
prior to the Petition Date.

     c. Bank Accounts. Romans will maintain its DIP Account(s) in
accordance with the orders of the Court applicable thereto as well
as the regulations of the Office of the United States Trustee.

As adequate protection of Healthcore' Secured Creditors' interest,
if any, in the Cash Collateral, the Healthcore Secured Creditors
are granted replacement security liens on and replacement liens on
all of Healthcore's personal property, whether such property was
acquired before or after the Petition Date.

The Healthcore Replacement Liens will be equal to the aggregate
diminution in value of the respective Collateral, if any, that
occurs from and after the Petition Date.  The Healthcore
Replacement Liens will be of the same validity and priority as the
liens of Healthcore Secured Creditors on the respective prepetition
Collateral.

Healthcore was slated to pay Pender $5,000 on or before April 23,
2021, as a holdover tenant.

The Replacement Liens are subject and subordinate to: (a)
professional fees and expenses of the attorneys, financial advisors
and other professionals retained by any creditors committee if and
when one is appointed; (b) any and all fees and expenses incurred
by a patient care ombudsman if and when one is appointed; and (c)
any and all fees payable to the U.S. Trustee pursuant to 28 U.S.C.
Sec. 1930(a)(6) and the Clerk of the Bankruptcy Court.

The final hearing on the matter is scheduled for May 4, 2021 at
9:30 a.m. via Webex.

A copy of the Interim Order and the Debtors' respective budgets for
the period from April 16 to 30, 2021, is available for free at
https://bit.ly/3elG9HF from PacerMonitor.com.

Romans House projects total expenses of $84,750 and net loss of
$6,009 during the period.

Healthcore Systems projects total expenses of $35,975 and net
income of $15 during the period.

                        About Romans House

Based in Fort Worth, Texas, Romans House, LLC operates Tandy
Village Assisted Living, a continuing care retirement community and
assisted living facility for the elderly in Fort Worth, Texas.
Affiliate Healthcore System Management, LLC, operates Vincent
Victoria Village Assisted Living, also an assisted living facility
for the elderly.

Romans House, LLC, and Healthcore System sought Chapter 11
protection (Bankr. N.D. of Tex. Case No. 19-45023 and 19-45024) on
Dec. 9, 2019.

Romans House was estimated to have $1 million to $10 million in
assets and liabilities while Healthcore was estimated to have $1
million to $10 million in assets and $10 million to $50 million in
liabilities.

The Hon. Edward L. Morris is the case judge.

Demarco Mitchell, PLLC, is the Debtors' legal counsel.  Levene,
Neale, Bender, Yoo & Brill L.L.P., serves as their co-bankruptcy
counsel.




SC SJ HOLDINGS: Accor Management Says Disclosures Inadequate
------------------------------------------------------------
Accor Management US Inc. (f/k/a Fairmont Hotels & Resorts (U.S.)
Inc.) objects to the motion of Debtors SC SJ Holdings, LLC and FMT
SJ, LLC, for order approving Disclosure Statement.

Accor points out that the information provided in the Debtors'
Disclosure Statement is woefully inadequate and does not satisfy
the requirement to disclose adequate information pursuant to
Section 1125 of the Bankruptcy Code.  The Disclosure Statement
fails to provide crucial information for creditors to evaluate the
merits of the Plan and raises significant concerns regarding the
Plan's feasibility.

Accor claims that the Disclosure Statement refers to a "Liquidation
Analysis" attached as Exhibit 3. However, no such Liquidation
Analysis is attached. Absent disclosure of the Liquidation
Analysis, the Disclosure Statement does not provide adequate
information.

Accor states that in the table summarizing the treatment and
classification of Claims and Equity Interests, the Disclosure
Statement does not include the Estimated Allowed Amount nor the
Estimated Recovery for each class.  This information is crucial in
order for creditors to evaluate the Plan and decide whether to vote
in support of it.

Accor asserts that the Disclosure Statement does not disclose the
percentage difference in the distributions to Class 4(B) Claims
depending on whether Class 4(B) votes to accept or reject the Plan.
Further information regarding the magnitude of this risk must
therefore be provided in order for the Disclosure Statement to
provide adequate information to creditors.

Accor further asserts that the Debtors have not disclosed the
amount of the contribution nor the name of the entity that will
provide the capital.  Creditors cannot evaluate the feasibility of
the Plan without this crucial information.

Accor says that the Disclosure Statement and the Debtors' schedules
contain conflicting and possibly inaccurate information regarding
intercompany claims.  The Disclosure Statement indicates that FMT
has not paid rent since February 2020.

A full-text copy of Accor's objection dated April 20, 2021, is
available at https://bit.ly/2QUHTj2 from Stretto, the claims
agent.

Counsel to Accor Management:

     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Sean M. Beach
     S. Alexander Faris
     1000 North King Street
     Wilmington, Delaware 19801
     Telephone: (302) 571-6600
     Facsimile: (302) 571-1253
     E-mail: sbeach@ycst.com
             afaris@ycst.com

          - and –

     SIDLEY AUSTIN LLP
     Samuel A. Newman
     Genevieve G. Weiner
     Julia Philips Roth
     555 West Fifth Street
     Los Angeles, California 90013
     Telephone: (213) 896-6000
     Facsimile: (213) 896-6600
     E-mail: sam.newman@sidley.com
             gweiner@sidley.com
             julia.roth@sidley.com

     SIDLEY AUSTIN LLP
     Chad S. Hummel chummel@sidley.com
     1999 Avenue of the Stars, 17th Floor
     Los Angeles, California 90067
     Telephone: (310) 595-9500
     Facsimile: (310) 595-9501

                 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 co-counsel with Pillsbury;
Katz, Abosch, Windesheim, Gershman & Freedman, P.A. as financial
advisor; CHMWarnick, LLC as special hotel advisor; and Verity, LLC
as restructuring advisor.  Neil Demchick of Verity serves as the
Debtors' chief restructuring officer.  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: Court Approves Seadrill Ltd. Settlement
----------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas approved the settlement between Seadrill Limited
and its debtor-affiliates, on the one hand, and Seadrill Partners
LLC (SDLP) together with its debtor-affiliates, on the other hand.


The Settlement is a compromise and settlement of claims, interests,
causes of action, and controversies regarding pre-petition claims
between SDLP and Seadrill Limited, post-petition charges under the
Management and Administrative Services Agreements (MSAs) between
the parties, and provisions for go-forward transition services.

The Settlement provides that:

    * Seadrill Limited will provide restructuring and transition
services to SDLP through June 30, 2021 for a total fee of
$3,000,000, which fees will be paid by SDLP in accordance with the
terms and on the timing set forth in Term Sheet.

   * the SDLP Debtors are authorized and directed to pay Seadrill
Limited a total fixed amount of $11,250,000 within three business
days of the date of entry of the Court order, and 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.

   * the SDLP Debtors are authorized and directed to fund $9
million in cash into a separate, segregated SDLP bank account to be
used solely to secure payments under the current Settlement within
three business days of the date of entry of the Settlement Order.
The cash in the Segregated Account is deemed free and clear of all
pre-existing liens, claims, and encumbrances.  Seadrill Limited has
a first priority lien on the Segregated Account to secure amounts
owing under the Settlement.  All payments contemplated in the
Settlement Order have administrative priority under Sections 503(b)
and 507(a) of the Bankruptcy Code.

Moreover, the Settlement provided that MSAs are amended and
restated consistent with the Term Sheet through and until the
conclusion of the Transition Period, which will be the longer of:

  (a) June 30, 2021, so long as Seadrill Limited has made
reasonable efforts to plan and complete the transition by such
date, and provided that the failure of SDLP or its new MSA
operators to make reasonable efforts to plan and complete the
transition by such date shall not obligate Seadrill Limited to
provide transition services beyond such date; or

  (b) a date that is otherwise mutually agreed between SDLP,
Seadrill Limited, and the TLB Lenders.

Upon conclusion of the Transition Period, the MSAs are deemed
terminated so that no fees or payments under the MSAs or otherwise,
other than those set forth in the Settlement Order and the Term
Sheet, will be due to Seadrill Limited.

In addition, the Court approved the adequacy, and the form and
manner of notice of the Modified Combined Hearing Notice.  The Plan
Confirmation Schedule is amended and restated in its entirety, as
follows:

     * April 30, 2021 is the Plan Supplement Date.
     * May 7, 2021, at 4 p.m., prevailing C.T., is the Cure
Objection Deadline.
     * May 7, 2021, at 11:59 p.m., prevailing C.T., is the Voting
Deadline.
     * May 7, 2021 at 4 p.m., prevailing C.T., is the Plan and
Disclosure Statement Objection Deadline.
     * May 13, 2021, at 4 p.m., prevailing C.T., is the Deadline to
File Voting Report.
     * May 13, 2021 is the Deadline to File Confirmation Brief or
Omnibus Reply to Any Plan or Disclosure Statement    Objection.
     * May 14, 2021, at 1 p.m., prevailing C.T., is the Combined
Hearing on Disclosure Statement and Plan.

A copy of the order and the MSA Settlement Term Sheet is available
for free at https://bit.ly/2RKfT23 from PacerMonitor.com.

                     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.


SHELTON BROTHERS: Files Notice of April 30 Bid Procedures Hearing
-----------------------------------------------------------------
Shelton Brothers, Inc., filed with the U.S. Bankruptcy Court for
the District of Massachusetts a notice of the hearing set for April
30, 2021, at 11:30 a.m., to consider its bidding procedures in
connection with the sale of substantially all assets of Progressive
Distribution, LLC, to Michael Merrifield, or his nominee for
$400,000, subject to overbid.

On April 13, 2021, the Court entered an Order setting a telephonic
hearing on an Emergency Motion for Interim and Final Use of Cash
Collateral, Chapter 11 Plan of Reorganization, and Motion to
Approve Bidding Procedures and Break-Up Fee for April 30, 2021 at
11:30 a.m. before Judge Elizabeth D. Katz.

The hearing will be conducted telephonically.  The parties will
dial-in to the meeting using the following dialing instructions:
Meeting Dial-in No: (888) 363-4734, and when prompted enter the
Access Code: 496 4809.

                   About Shelton Brothers, Inc.

Shelton Brothers, Inc. is a beer importing and distributing
company
located in Belchertown, Mass.  Shelton Brothers filed a voluntary
petition under the provisions of Chapter 11 of the Bankruptcy Code
(Bankr. D. Mass. Case No. 20-30606) on Dec. 18, 2020. In the
petition signed by Daniel W. Shelton, president, the Debtor
disclosed between $1 million to $10 million in both assets and
liabilities.  

Judge Elizabeth D. Katz oversees the case.

Andrea M. O'Connor, Esq., at Fitzgerald Attorneys at Law, P.C.,
represents the Debtor as counsel.



SHORE PROPERTY: Seeks to Hire Gary S. Poretsky as Legal Counsel
---------------------------------------------------------------
Shore Property Holdings, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire The Law
Offices of Gary S. Poretsky, LLC as its bankruptcy counsel.

The firm's services include:

     a. advising the Debtor of its rights, powers and duties in its
Chapter 11 case;

     b. advising the Debtor regarding matters of bankruptcy law;

     c. representing the Debtor in court proceedings and hearings;

     d. reviewing the nature and validity of liens asserted against
the property of the Debtor and advising the Debtor of the
enforceability of such liens;

     e. preparing legal documents and reviewing all financial
reports to be filed in the Debtor's bankruptcy case;

     f. advising the Debtor concerning, and preparing responses to,
legal papers that may be filed and served; and

     g. performing all other legal services necessary to administer
the case.

The firm's attorneys will be paid at the rate of $350 per hour.

As disclosed in court filings, The Law Offices of Gary S. Poretsky
is a "disinterested person" within the meaning of Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Gary S. Poretsky, Esq.
     The Law Offices of Gary S. Poretsky, LLC
     7 Church Lane, Suite 5
     Pikesville, MD 21208
     Phone: 443-738-5432

                   About Shore Property Holdings

Shore Property Holdings, LLC, a Towson, Md.-based real estate
holding company, filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 21-12410)
on April 13, 2021.  At the time of the filing, the Debtor was
estimated to have assets of less than $50,000 and liabilities of $1
million to $10 million.  The Law Offices of Gary S. Poretsky, LLC
represents the Debtor as legal counsel.


SHRUNGI LLC: June 1 Plan & Disclosures Hearing Set
--------------------------------------------------
On April 19, 2021, debtor Shrungi LLC filed with the U.S.
Bankruptcy Court for the Eastern District of Texas, Sherman
Division, a Disclosure Statement along with a proposed Chapter 11
Plan of Reorganization.

On April 20, 2021, the Court conditionally approved the Disclosure
Statement and established the following dates and deadlines:

     * May 24, 2021, is fixed as the last day for filing written
acceptances or rejections of the Debtors' proposed Chapter 11
plan.

     * May 26, 2021, is fixed as the last day for filing and
serving written objections to final approval of the Debtors'
Disclosure Statement; or confirmation of the Debtors' proposed
Chapter 11 plan.

     * June 1, 2021, at 10:00 a.m., is the telephonic hearing to
consider final approval of the Debtors' Disclosure Statement (if a
written objection has been timely filed) and to consider the
confirmation of the Debtors' proposed Chapter 11 Plan.

A full-text copy of the order dated April 20, 2021, is available at
https://bit.ly/3dP3PVK from PacerMonitor.com at no charge.  

The Debtor is represented by:
     
     Joyce W. Lindauer, Esq.
     Kerry S. Alleyne, Esq.
     Guy H. Holman, Esq.
     Joyce W. Lindauer Attorney, PLLC
     1412 Main Street, Suite 500
     Dallas, TX 75202
     Telephone: (972) 503-4033
     Facsimile: (972) 503-4034
     Email: joyce@joycelindauer.com

                        About Shrungi LLC

Shrungi, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Texas Case No. 21-40166) on Feb. 1, 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
Brenda T. Rhoades oversees the case.  The Debtor is represented by
Joyce W. Lindauer Attorney, PLLC.


SIMPLE SITEWORK: Lender Bank Says Plan Unfeasible
-------------------------------------------------
Third Coast Bank, SSB, filed an objection to the Second Amended
Plan of Reorganization and the corresponding Disclosure Statement
of Simple Sitework, Inc.

Michael J. Durrschmidt, Esq., at Hirsch & Westheimer P.C., counsel
for TCB, complained that the Plan does not adequately disclose the
treatment of TCB's two claim against the Debtor, which claims,
according to Mr. Durrschmidt, are fully secured and validly
perfected. "The Disclosure Statement conditionally approved by the
Court provides that TCB is a fully secured creditor and proposes to
pay TCB in full over ten years in monthly payments of $27,148 per
month which computes to an interest rate of roughly 3.5%, Mr.
Durrschmidt related.  However, the Plan now seems to imply that
TCB's claim is not fully secured, he noted.

Mr. Durrschmidt also questioned the Plan's feasibility noting that
the Debtor did not work in February on a consistent basis with
prior months.  This, he said, would lead to lower revenue
anticipated in May and perhaps June.  The counsel believes there is
not a reasonable likelihood the Debtor will be able to pay the
indebtedness due to TCB.

A copy of the TCB objection is available for free at
https://bit.ly/32C1l6P from PacerMonitor.com.

Attorneys for Third Coast Bank, SSB
    Michael J. Durrschmidt, Esq.
    Kim Lewinski, Esq.
    Hirsch & Westheimer P.C.
    1415 Louisiana, 36th Floor
    Houston, Texas 77002
    Telephone: 713-220-9165
    Facsimile: 713-223-9319
    E-mail: mdurrschmidt@hirschwest.com
            klewinski@hirschwest.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. Tex. 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.


SOAS LLC: May Use Cash Collateral Thru June 3
---------------------------------------------
Judge Marc Barreca of the U.S. Bankruptcy Court for the Western
District of Washington authorized Soas LLC to use cash collateral
on an interim basis through June 3, 2021, to pay the ordinary and
necessary business expenses of its business, as outlined in the
budget.

Judge Barreca ruled that:

    * Lender Live Oak Bank Company is granted valid, binding,
enforceable and perfected security interests and liens in the same
priority as that existed before the Petition Date, in all of the
Debtor's personal property, as adequate protection; and

    *  Junior Lienholders comprised of Steven Oliva, Hi-School
Pharmacy Services, McKesson Corporation and Cardinal Health 110 LLC
are granted a valid, binding, enforceable, and automatically
perfected replacement lien and security interest in all of the
Debtor's post-petition assets with the same status and priority as
between the Junior Lienholders as existed pre-petition.  

As additional adequate protection to Lender Live Oak, the Debtor is
directed to:

     (i) make no payments on pre-petition debts, except for
prepetition wages, salaries, medical insurance premiums and other
benefits in an amount not to exceed the unsecured priority amounts
under Section set forth in 507(a)(4) and (5) of the Bankruptcy
Code, unless expressly consented to in writing by Live Oak, or
approved by the Bankruptcy Court after notice and hearing; and

    (ii) make an adequate protection payment for $13,750 not later
than April 15, 2021, and another $13,750 not later than May 15,
2021, without prejudice to any party in interest to challenge the
rate of interest at any final hearing or in a plan of
reorganization, or to reallocate any adequate protections to
interest and principal after a final ruling on the extent, validity
and priority of all Lender's and Junior Lien Creditor Liens.

To the extent that a component of rent paid to Dry Lake Land
Stewardship LLC represented a partial payment to Live Oak, the
Court ruled the interest paid under this provision will be credited
against that component of the rent paid to Dry Lake Land
Stewardship.  In addition, the Debtor may pay The Tracy Law Group
PLLC up to $50,000 for unpaid administrative expenses if sufficient
funds are available after payments for adequate protection have
been made.

The use of cash collateral is terminated and Live Oak Bank may
submit an ex parte order converting the Debtor's case to one under
Chapter 7 if the Debtor fails to comply with the deadlines set by
the Court under this order, a copy of which is available for free
at https://bit.ly/2QBkJ16 from PacerMonitor.com.

A further hearing is set for June 23, 2021 at 9:30 a.m.  Objections
must be filed no later than 12:00 p.m. on May 31.

                        About Soas, LLC

Soas, LLC, which conducts business under the name Island Drug, is a
long-term care pharmacy in Oak Harbor, Wash.  It dispenses
medicinal preparations delivered to patients residing within an
intermediate or skilled nursing facility, including intermediate
care facilities for mentally retarded, hospice, assisted living
facilities, group homes, and other forms of congregate living
arrangements.  

Soas LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Wash. Case No. 19-10928) on March 18, 2019.  At the
time of filing, the Debtor estimated assets and liabilities of
between $1 million and $10 million.   

The case is assigned to Judge Marc Barreca.

The Tracy Law Group PLLC is the Debtor's legal counsel.  No
official committee of unsecured creditors has been appointed in the
case.

Counsel for the Debtor may be reached at:

    The Tracy Law Group PLLC
    1601 5th Ave, Suite 610
    Seattle, WA 98101
    Tel: 206-624-9894
    Fax: 206-624-8598
    Website: www.thetracylawgroup.com



SOFT FINISH: Wins Cash Collateral Access Thru Mid-September
-----------------------------------------------------------
Judge Barry Russell of the U.S. Bankruptcy Court for the Central
District of California authorized Soft Finish Inc. to use cash
collateral through September 15, 2021, to pay the expenses
according to the approved budget.

The Court directed the Debtor to pay Pacific City Bank its regular
monthly payment of $19,437 beginning April 15, 2021, and the
Internal Revenue Service a monthly payment of $3,000 beginning
April 15, 202, as adequate protection to the interest holders.

Pacific City Bank and the Internal Revenue Service are granted a
replacement lien on the Debtor's post-petition cash collateral to
the extent that the cash collateral is actually used by the
Debtor.

                       About Soft Finish Inc.

Soft Finish manufactures clothing, specifically denim product such
as jeans, denim jackets, skirts, shorts, shirts. Soft Finish
specializes in "distressing" garments, taking hard, rigid,
untreated denim fabric and washing the product to soften garments
and using techniques to "beat up" or "age" garments. Distressing
includes hand sanding garments to create natural wear areas, adding
holes to garments to make them look used or old, stone washing to
give the garment a softer feel and a lighter color as well as other
hand treatments.

Soft Finish is the successor in interest to US Garment LLC. In late
2017, US Garment LLC transferred its assets to Soft Finish and Soft
Finish assumed 100% of the US Garment debt. The owners of US
Garment were Jae K. Chung and a minority interest with her son
Wesley Chung.  Jae K. Chung is the sole owner of Soft Finish.

Soft Finish sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 21-12038) on March 15,
2021. In the petition signed by Jae K. Chung, as president, the
Debtor disclosed $203,316 in assets and $1,404,553 in liabilities.

Judge Barry Russell oversees the case.

M. Jonathan Hayes, Esq., at Resnik Hayes Moradi, LLP, is the
Debtor's counsel.



SOLOMON EDUCATION: Seeks to Hire Neeleman Law as Legal Counsel
--------------------------------------------------------------
Solomon Education Group, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Washington Neeleman
Law Group as its legal counsel.

The firm's services include:

     a. assisting the Debtor in the investigation of the financial
affairs of the Debtor's bankruptcy estate;

     b. providing legal advice and assistance to the Debtor with
respect to matters relating to its Chapter 11 case and creditor
distribution;

     c. preparing all pleadings necessary for proceedings arising
under the case; and

     d. performing all necessary legal services for the estate.

The firm will be paid at these rates:

     Attorneys         $400 per hour
     Associates        $275 per hour
     Paralegals        $125 per hour

Neeleman Law Group will also be reimbursed for out-of-pocket
expenses incurred.  The firm received from the Debtor the amount of
$21,738 as retainer.

Thomas Neeleman, Esq., a partner at Neeleman Law Group, disclosed
in a court filing that his firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

Neeleman Law can be reached at:

     Thomas D. Neeleman, Esq.
     Neeleman Law Group, P.C.
     1904 Wetmore Ave., Suite 200
     Everett, WA 98201
     Tel: (425) 212-4800
     Fax: (425) 212-4802
     Email: courtmail@expresslaw.com

                   About Solomon Education Group

Solomon Education Group, LLC -- http://www.solomonschool.com-- is
a Mukilteo, Wash.-based limited liability company that runs a
private day and boarding school for grades 7 to 12.

Solomon Education Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Wash. Case No. 21-10539) on March 18,
2021. In the petition signed by Richard Lee, managing member, the
Debtor disclosed $1 million to $10 million in both assets and
liabilities.  Judge Timothy W. Dore oversees the case.  Thomas D.
Neeleman, Esq., at Neeleman Law Group, P.C. is the Debtor's legal
counsel.


SPECTRUM HIGH SCHOOL: S&P Rates 2017A-B Bond 'BB+,' Outlook Stable
------------------------------------------------------------------
S&P Global Ratings revised its outlook on its 'BB+' rating on
Bethel, Minn.'s series 2017A and 2017B bonds, issued for Spectrum
High School on behalf of Spectrum Building Co., to stable from
negative.

"The revision to stable outlook reflects our expectation of
financial stabilization; with improved margins expected in fiscal
2021--though they still may be breakeven or slightly negative on a
full-accrual basis--we expect maximum annual debt service coverage
to slightly improve," said S&P Global credit analyst Natalie
Fakelmann. "We expect student enrollment and its overall healthy
demand profile to remain constant and state funding to increase,
which we expect will provide credit stability."

S&P said, "We assessed the school's enterprise profile as strong,
characterized by steady enrollment growth, albeit on a modest
enrollment base, solid academic performance and relationship with
authorizer, and partly offset by a weak waiting list. We assessed
the school's financial profile as vulnerable, based on low debt
service coverage (DSC) and slim margins and a highly leveraged debt
profile. We believe that these combined credit factors lead to an
anchor rating of 'BB+' and a standalone credit profile of 'BB+'.
"The stable outlook reflects our expectation that the financial
profile will at lease maintain current liquidity levels, without
the addition of debt, and that financial operations will stabilize
in fiscal 2021 and fiscal 2022, with slight improvements in net
margins and maximum annual debt service coverage. We expect the
school's demand profile to remain healthy."

Chartered in 2006 by The Volunteers of America (VOA) and located in
Elk River, Minn., Spectrum is a public, college-preparatory charter
school serving 812 students in sixth through 12th grades. A group
of local parents looking for a more rigorous high school
environment focused on strong academic standards, a technology-rich
environment, and community-based outreach started the school sin
2006 with 66 students in ninth through 10th grade. Beyond regular
academics, students can take up to 21 community college courses and
earn college credit on campus through the C@SH (College @ Spectrum
High) program, which is a unique feature of the school. The school
also recently added a full-size ice rink used for hockey, which is
one of the only outdoor rinks in the community.



STA VENTURES: Files Proposed Order Approving 12-Acre Property Sale
------------------------------------------------------------------
STA Ventures, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Georgia a notice of its proposed order
approving its sale of its Loganville/Walton County 12-Acre
property.

The Court conducted a noticed hearing on March 31, 2021, regarding
the Debtor's Sale Motion and the Debtor's Amendment to its Sale
Motion.  After evidence and argument, the Court approved the
Debtor's Sale Motion and the Debtor's Sale Motion Amendment in
connection with oral bench rulings and announcements at the
Hearing.  It instructed the Debtor's counsel to prepare a proposed
order and submit the proposed order to counsel for Bay Point
Capital Partners II, LP.

At 10:41 a.m. on April 2, 2021, the Debtor's counsel transmitted to
Bay Point Capital counsel a proposed "Order Approving Debtor's
Amended Motion to Sell Debtor's Loganville/Walton County 12 Acre
Property Free and Clear of Liens."

The Debtor's counsel did not receive any response from Bay Point
Capital counsel until approximately 9:44 a.m. on April 6, 2021.  At
that time, Bay Point Capital counsel submitted a different proposed
order with stated written notation that if Debtor STA Ventures did
not agree to the Bay Point Capital counsel proposed order the
parties would proceed with submitting separate proposed orders to
the Court.  The Debtor's counsel reviewed Bay Point Capital
counsel's proposed order transmitted on April 6, 2021 and did not
accept that proposed order.  

Pursuant to the Court's instructions at the March 31, 2021 Hearing
and the written statement from Bay Point Capital counsel, the
Debtor's counsel is submitting with the Notice the Debtor's
(Proposed) Order Approving Debtor's Motion to Sell
Loganville/Walton County 12 Acre Property Free and Clear of Liens.


An identical copy of the Proposed Order has been uploaded as an
E-Order on the CM/ECF website without the inclusion of the word
"Proposed" in the caption of the Order.

Wherefore, the Debtor prays (1) that the Court reviews the Proposed
Order; and 2) that the Court enters the uploaded Order Approving
Debtor's Motion to Sell, or as adjusted by the Court after review.


A copy of the Proposed Order is available at
https://tinyurl.com/2zfpz443 from PacerMonitor.com free of charge.

                       About STA Ventures

STA Ventures, LLC is a limited liability corporation with
principal
office address at 145 Houze Way, Roswell, Fulton County, Ga.

On June 1, 2020, STA Ventures filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ga. Case No. 20-66843).  The petition was
signed by Stephen T. Allen, its managing member.  At the time of
the filing, the Debtor disclosed assets of $1 million to $10
million and estimated liabilities of the same range.

The Debtor has tapped Chamberlain, Hrdlicka, White, Williams &
Aughtry as legal counsel; Peach Appraisal Group, Inc. as
appraiser;
and Magaro & Conine, CPA as accountant.



SUMMIT FINANCIAL: Trustee's $1.6M Sale of Plantation Property OK'd
------------------------------------------------------------------
Judge Peter D. Russin of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Marc P. Barmat, the duly appointed
Chapter 7 Trustee of Summit Financial Corp., to sell the commercial
property located at 100 NW 100th Avenue, in Plantation, Florida, to
Markson Hoder Holdings, LLC, for $1,574,524, pursuant to the terms
the proposed Commercial Contract.

A hearing on the Motion was held on April 15, 2021, at 10:00 a.m.

The sale is free and clear of all liens, claims and encumbrances,
with any liens, claims, and encumbrances to attach to the sale
proceeds.

At the closing, the Trustee is authorized to pay to Brokers 6%
commission per the approved listing agreement.  Further, the
listing agreement provides that in the event of a cooperating
broker is used in connection with the sale, the Brokers will offer
compensation to cooperating broker of 2.5%.

                 About Summit Financial Corp

Summit Financial Corp -- https://www.summitfinancialcorp.org/ --
provides financing by purchasing and servicing retail installment
sales contracts originated at franchised automobile dealerships
and
select independent used car dealerships located throughout
Florida,
Alabama, and Georgia. From its location in Plantation, Florida,
Summit Financial provides financing for automobile loans for
customers that fail to meet the standards of financing from
conventional sources, such as most banks, credit unions and other
national finance companies. The Company was founded in 1984.

Summit Financial filed a Chapter 11 petition (Bankr. S.D. Fla.
Case
No. 18 13389) on March 23, 2018.  In the petition signed by David
Wheeler, vice president, the Debtor estimated $100 million to $500
million in assets and liabilities.

Judge Raymond B Ray presides over the case.

Leiderman Shelomith Alexander + Somodevilla, PLLC, is serving as
general bankruptcy counsel to the Debtor.  Douglas J. Jeffrey,
P.A., led by principal Douglas J. Jeffrey, is serving as general
counsel and special counsel to the Debtor.  Moecker Auctions,
Inc.,
is the appraiser.  Dinnall Fyne & Company Inc., is the accountant.
Ideal Corporate Funding, Inc., has been tapped by the Debtor to
evaluate its strategic options with respect to securing financing.

The U.S. Trustee for Region 21 on April 20, 2018, appointed seven
creditors to serve on the official committee of unsecured
creditors
in the Chapter 11 case.  The Committee retained Craig A. Pugatch
and Rice Pugatch Robinson Storfer & Cohen, PLLC as its counsel;
and
KapilaMukamal, LLP as its forensic accountant and financial
advisor.

Marc P. Barmat is the duly appointed and acting Chapter 7 Trustee.



SUNDANCE ENERGY: Wins Final OK on $50-Mil. DIP Financing
--------------------------------------------------------
Judge David R. Jones authorized Sundance Energy, Inc., and its
affiliated debtors to obtain up to $50 million in aggregate
principal of DIP financing under a Junior Secured DIP Credit
Agreement with Morgan Stanley Capital Administrators Inc., as
administrative and collateral agent for a syndicate of lenders.

The material terms of the DIP facility are:

    * DIP Lender: Group of lenders

    * Administrative and Collateral Agent:  Morgan Stanley Capital
Administrators Inc.

    * DIP Commitment:  Up to $50 million of new money,
post-petition term loan facility, on a secured super-priority
basis, consisting of:

       - an initial draw of up to $10 million in maximum aggregate
principal amount, which was made available to the DIP Borrower upon
entry of the interim order;

       - following entry of the final order and only on the Plan
Effective Date, an additional amount of $35 million in commitments
will be available to the DIP Borrower;

       - an aggregate amount of $5 million to be made available to
the DIP Borrower, solely with the consent of the Case Extension
Required Lenders, as Case Extension Draws.

    * Borrower: Sundance Energy, Inc.

    * Guarantor: Affiliated Debtors Armadillo E&P, Inc., and Sea
Eagle Ford, LLC

    * Maturity:  The earliest of (a) June 14, 2021, (b) the
effective date of an Approved Plan, and (c) the date all DIP Loans
become due and payable under the Loan Documents, whether by
acceleration or otherwise.

    * Interest:  The DIP Loans shall bear interest at a rate per
annum selected by the Borrower equal to the LIBO Rate plus 8.00%,
provided that if the LIBO Rate shall be lower than 1.00%, the LIBO
Rate will be 1%, but in no event to exceed the highest lawful rate.
There is a default rate, which is equal to the rate then
applicable to such amount payable plus an additional 2%, but in no
event to exceed the highest lawful rate.

The Court also authorized the Debtors to use the cash collateral on
a final basis.  The Court ruled that from and after the Closing
Date and until the earlier of the DIP Termination Date or the entry
of a Cash Collateral Termination Order, the DIP Loan Parties shall
be authorized to use pre-petition collateral, including cash
collateral, and shall be permitted to draw upon the DIP Facility
and the proceeds thereof solely to the extent provided for in the
approved budget and terms and conditions of the Final DIP Order and
the DIP Loan Documents.

                Pre-petition Secured Obligations

Before the Petition Date, the Debtor obtained financing through a
revolving credit facility under a Prepetition RBL Credit Agreement,
and a term loan credit facility under a Pre-petition Term Loan
Credit Agreement.  Accordingly, these pre-petition lenders, along
with the DIP Secured Parties, have interest in the cash collateral,
and all of the Debtors' cash constitutes or will constitute cash
collateral of the Debtor's Secured Lenders.  

(a) Prepetition RBL Credit Agreement

The Debtors were granted a revolving facility under the Prepetition
RBL Credit Agreement with Toronto Dominion (Texas) LLC, as
successor administrative agent to Natixis, New York Branch under
the Prepetition RBL Credit Agreement, and the lenders party
thereto.

As of the Petition Date, the Debtors, as borrower and guarantors,
were jointly and severally liable and indebted to the Prepetition
RBL Agent and the Prepetition RBL Lenders in the aggregate
principal amount of at least $146,950,000, plus any other amounts
due and payable under the Prepetition RBL Loan Documents,

(b) Prepetition Term Loan Credit Agreement

Debtor Sundance Energy, as borrower, was granted a term loan
facility by Morgan Stanley Capital Administrators Inc., as
administrative agent under the Prepetition Term Loan Credit
Agreement

As of the Petition Date, the Debtors were jointly and severally
liable and indebted to the Prepetition Term Loan Agent and the
Prepetition Term Lenders in the aggregate principal amount of at
least $252,997,054, plus any other amounts due and payable under
the Prepetition Term Loan Documents.

                    Adequate Protection

The Court ruled that the Pre-petition RBL Secured Parties, the
Pre-petition Term Loan Secured Parties, and the DIP Secured Parties
be provided adequate protection for the Debtors' use of cash
collateral:

* Adequate Protection Liens

   (1)  The DIP Agent for the benefit of the DIP Secured Parties is
granted valid, binding, enforceable, non-avoidable, and
automatically and properly perfected liens and security interests
as collateral security for the prompt and complete performance and
payment when due of all DIP Obligations.

(2) The Prepetition RBL Secured Parties are granted a valid,
binding, enforceable and automatically perfected post-petition lien
on all Other DIP Collateral to the extent of any Diminution in
Value of the Prepetition RBL Secured Parties' interests in the
Prepetition Collateral, subject to the Carve Out and the Permitted
Prior Senior Liens;

  (3) Term Loan Adequate Protection Liens of the Pre-petition Term
Lenders shall be (x) with respect to the DIP Priority Collateral,
subject and subordinate only to the Carve Out, the Senior DIP
Liens, and the Permitted Prior Senior Liens and (y) with respect to
all Other DIP Collateral, shall be subject and subordinate only to
the Carve Out, the Permitted Prior Senior Liens, the Prepetition
RBL Liens, the RBL Adequate Protection Liens and the Junior DIP
Liens.

* Adequate Protection Claims

   (1) The DIP Agent is granted an allowed super-priority
administrative expense claim in each of the DIP Loan Parties'
Chapter 11 Cases and any successor cases thereof on account of the
DIP Obligations, subject to the carve-out and to the RBL Adequate
Protection Claims, with recourse to all DIP Collateral and priority
over all administrative expenses of the kind specified in the
Bankruptcy Code.

   (2) The Prepetition RBL Secured Parties are granted an allowed
super-priority administrative expense claim, to the extent of any
diminution in value of the Prepetition RBL Secured Parties'
interests in the prepetition collateral.

   (3)The Prepetition Term Loan Secured Parties will not receive or
retain any payments, property or other amounts in respect of the
Term Loan Adequate Protection Claims from the DIP Priority
Collateral unless and until the Carve Out and the DIP Obligations
have indefeasibly been paid in cash in full and all DIP Commitments
have been terminated.

* Additional Adequate Protection

   (1) The Prepetition RBL Agent, on behalf of the Prepetition RBL
Secured Parties, shall receive current cash payment during these
Chapter 11 cases of all accrued interest on the Prepetition RBL
Obligations under the Prepetition RBL Credit Agreement as such
interest becomes due and payable at the applicable contractual
non-default rate.  The first such interest payment date shall be
March 31, 2021, and thereafter, the last business day of every
calendar month.

   (2) The Debtors shall pay all reasonable, documented and
reimbursable fees, costs and expenses of the Prepetition RBL Agent
and the Prepetition RBL Lenders, including the pre-petition and
post-petition fees and expenses incurred by professionals employed
by the Prepetition RBL Agent, with a cap of up to $10,000 for each
firm.

   (3) The Debtors shall pay all reasonable, documented and
reimbursable fees, costs and expenses of the Prepetition Term Loan
Agent and the Prepetition Term Lenders, including the pre-petition
and post-petition fees and expenses of professionals employed by
the Prepetition Term Loan Secured Parties.

                       Right to Credit Bid

The DIP Agent or its designee, on behalf of the DIP Secured
Parties, shall have the unqualified right to credit bid up to the
full amount of the DIP Obligations, provided that, in connection
with a credit bid for Other DIP Collateral, the DIP Secured Parties
shall indefeasibly pay in full in cash all Prepetition RBL
Obligations and any RBL Adequate Protection.

Without abrogating the challenge rights set forth in the final DIP
order, the Prepetition Agents or their designee, on behalf of the
Prepetition Secured Parties shall each have the right to credit bid
for the Other DIP Collateral, in accordance with the Prepetition
Loan Documents, up to the full amount of the Prepetition Secured
Obligations under the applicable pre-petition facility, in each
case, in connection with any sale or other disposition of all or
any portion of the DIP Collateral or Prepetition Collateral as
provided for in Section 363(k) of the Bankruptcy Code, without the
need for further Court order.

A copy of the final DIP Order, with the DIP Credit Agreement (as
Exhibit 3), and summary of the case milestones (as Exhibit 2), is
available for free at https://bit.ly/2P64XuQ from PacerMonitor.com

                      About Sundance Energy Inc.

Sundance Energy Inc. -- http://www.sundanceenergy.net/-- is an
independent energy exploration and production company located in
Denver, Colorado. The Company is focused on the acquisition and
development of large, repeatable oil and natural gas resource plays
in North America.  Current activities are focused in the Eagle
Ford.

On March 9, 2021, Sundance Energy, Inc. and 3 affiliated debtors
each filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D. Texas Lead Case No.
21-30882).  The Honorable David R. Jones is the case judge.

The Debtors tapped Latham & Watkins LLP and Hunton Andrews Kurth
LLP as counsel and Miller Buckfire & Co., LLC as investment banker;
and FTI Consulting Inc. as financial advisor. Prime Clerk LLC is
the claims agent.

Haynes & Boone LLP, and Opportune LLP advise Toronto Dominion
(Texas) LLC, which currently serves as successor administrative
agent under the Prepetition RBL Facility.

K&L Gates LLP, is counsel to ABN AMRO Capital USA, LLC. Luskin,
Stern & Eisler LLP, is counsel to Credit Agricole Corporate and
Investment Bank.

Morgan Stanley Capital Administrators, Inc., is advised by Simpson
Thacher & Bartlett LLP, Locke Lord LLP, and Houlihan Lokey Capital,
Inc.

Morgan Stanley Capital Administrators Inc., administrative agent,
may be reached at:

      Attention: David Lazarus
      1585 Broadway, 16th Floor
      New York, NY 10036
      Telephone: 212-296-8134



TAURIGA SCIENCES: Appoints Two New Directors
--------------------------------------------
Tauriga Sciences, Inc. appointed James Rosati and Chris Sferruzzo
to serve as members of its board of directors, effective March 8,
2021.

Mr. Rosati is a multi-disciplinary business leader with more than
25 years of chief executive experience in the insurance,
manufacturing, telecommunications, banking and investment banking
industries.  His areas of functional specialty include financial
management, strategic planning, corporate governance and personnel
development. Dating back to 1972, Mr. Rosati has served in senior
positions in private industry, government appointments and
community activities.  In 2017, Mr. Rosati retired as the chief
executive officer and president of Beacon Mutual Insurance Company,
a prominent Rhode Island based insurance carrier, after having been
elevated to chief executive in 2007 to lead their successful
turnaround through the implementation of over 100 new policies, and
significantly improving both its corporate governance and cultural
dynamics.  From 2017 to present, Mr. Rosati has held board
memberships or advisory roles for a number of for profit and
non-profit entities, and has also been an investor in both
privately held and publicly traded company, including in the
pharmaceuticals and healthcare industries.  He was also named one
of the Top 25 Business Leaders in Rhode Island by the Providence
Business News.  Mr. Rosati is a veteran of the United States Coast
Guard and a graduate of Bryant University where he earned a
bachelor's degree in Economics.  Mr. Rosati will serve as an
independent board member.

Mr. Sferruzzo currently serves as the executive vice president,
finance of Bozzutos Inc., a multi-billion dollar gross revenue
distribution and logistics company based in Connecticut which was
founded in 1945, with multiple distribution centers that wholesale
dry groceries, dairy and delicatessen items, meat, poultry,
seafood, produce, and non-food items to retail supermarkets,
grocery stores, and independently-owned convenience stores, as well
as the recently announced agreement to sell the Company's Tauri-gum
products on its E-Commerce Platform.  Prior to joining Bozzuto's,
Mr. Sferruzzo was a senior portfolio manager at Lazard Asset
Management where he oversaw a global fixed income and equity
derivative portfolio of 3.5 billion in assets comprising of
investments from municipalities, family offices and corporate
pension funds.  Prior to joining Lazard, Mr. Sferruzzo served as
chief investment officer at Argent Funds Group, where he oversaw
the Global Fixed Income and Equity Portfolio management teams.  His
team was recognized as Best in Class in 2006 and 2007 by
Institutional Investor.  Mr. Sferruzzo also served as managing
director for McMahan Securities where he was responsible for
growing Sales & Trading, which attained record performance under
his leadership.  Throughout his career he has acquired intense
experience in P&L Ownership and Management.  Mr. Sferruzzo has
focused on investing in various companies leveraging his experience
in corporate restructurings, Mergers and Acquisitions and managing
teams to strengthen innovation, marketing and operational
efficiency.  Mr. Sferruzzo holds a Masters of Business
Administration from the University of Connecticut and a Bachelor's
of Science in Finance from Saint John's University. Mr. Sferruzzo
will serve as a non-independent Board member.

As compensation for Mr. Rosati's Board services, Mr. Rosati has
been granted 1,000,000 restricted shares of the Company's common
stock. Mr. Sferruzzo has been granted 1.5 million restricted shares
of the Company's common stock, in part in recognition of the
assistance and support he has provided to the Company since 2019.
Each of Mr. Rosati's and Mr. Sferruzzo's restricted shares shall be
issued simultaneous with the effective date of their appointment,
and at the market closing price per share of the Company's common
stock on March 5, 2021 (the date immediately preceding the
effective date of their Board appointment).

The Company's Board believes that each of Mr. Rosati's and Mr.
Sferruzzo's extensive executive level experience, having served on
or as an advisor to other company boards, knowledge of operational,
organizational and financial matters makes them highly qualified
and valuable appointees to the Company's Board.

                           About Tauriga

Tauriga Sciences, Inc. -- www.taurigum.com -- is a Florida
corporation, with its principal place of business being located at
555 Madison Avenue, Fifth Floor, New York, NY 10022.  The Company
has, over time, moved into that of a diversified life sciences
technology company, with its mission to operate a revenue
generating business, while continuing to evaluate potential
acquisition candidates operating in the life sciences technology
space.

Tauriga reported a net loss of $3.03 million for the year ended
March 31, 2020, compared to a net loss of $1.10 million for the
year ended March 31, 2019.  As of Dec. 31, 2020, the Company had
$2.28 million in total assets, $1.34 million in total liabilities,
and $939,650 in total stockholders' equity.

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
June 29, 2020, citing that the Company's significant operating
losses raise substantial doubt about its ability to continue as a
going concern.


TAURIGA SCIENCES: Invests $88,375 in SciSparc
---------------------------------------------
Tauriga Sciences, Inc. participated in a private placement equity
offering by SciSparc Ltd., formerly known as Therapix Biosciences,
which is a specialty, clinical-stage pharmaceutical company
focusing on the development of cannabinoid-based treatments.  Aegis
Capital Corp. acted as the exclusive placement agent in connection
with the offering.  The Company was solely a participant in the
offering and paid no placement, finder or other fees to the
placement agent or others in connection with this transaction.

Tauriga said, "SciSparc's business model is complementary with our
own ongoing pharmaceutical development efforts, and, therefore, we
will explore the possibility for collaboration between our two
companies in the future on potential drug and/or product
development as opportunities and timing prove mutually feasible.
Of course, we cannot guarantee that a collaborative effort will
ultimately occur, nor the possibility of any such efforts'
success."

The Company's investment was for $88,375 as part of SciSparc'
syndicated $8.15M offering to accredited and institutional
investors at an offering price of $7.07 per Unit.  Each Unit
consists of 1 American Depositary Share ("ADS"), one Series A
Warrant, and one-half  Series B Warrant.  The Series A Warrants
have an exercise price of $7.07, subject to adjustments therein.
The Series B Warrants have an exercise price equal to $10.60,
subject to adjustments therein.  The Series A Warrants and the
Series B Warrants are exercisable beginning six months from the
date of issuance and have a term of exercise equal to five years
from the initial exercise date.  In connection with its investment,
Tauriga Sciences Inc. acquired 12,500 Units, consisting of (a)
12,500 Shares SPRCY at a cost basis of $7.07 per share, (b) 12,500
Warrants to at a strike price of $7.07 per share and (c) 6,250
Warrants to at an strike price of $10.60 per share.

                     Aegea Collaboration Deal

As previously described in the Company's periodic reports,
including in its most recently filed Form 10-Q filed of Feb. 22,
2021, on April 3, 2020, the Company had entered into a
collaboration agreement with Aegea Biotechnologies Inc., as
subsequently amended, in which the Company had agreed to provide
financing to Aegea in connection with Aegea's development efforts
of a Covid 19 test kit, such financing to primarily come from the
Company's then existing equity line of credit facility.  On Jan. 6,
2021, however, the Company determined to terminate its equity line
of credit facility and, therefore, effectively eliminate any
further obligation to additional funding to Aegea under the
Collaboration Agreement.  On Feb. 26, 2021, as part of a settlement
agreement concluding the Collaboration Agreement, the Company
acquired an additional 69,552 common shares of Aegea, increasing
the Company's total holdings to 139,104 Aegea shares (representing
a 2.04% stake as of the date of the settlement date).  The Company
believes its assistance to Aegea proved valuable and hope that the
respective parties' collaborative efforts provide value to the
Company's shareholders in the future, although the Company cannot
provide any guarantee of such success.

                           About Tauriga

Tauriga Sciences, Inc. -- www.taurigum.com -- is a Florida
corporation, with its principal place of business being located at
555 Madison Avenue, Fifth Floor, New York, NY 10022.  The Company
has, over time, moved into that of a diversified life sciences
technology company, with its mission to operate a revenue
generating business, while continuing to evaluate potential
acquisition candidates operating in the life sciences technology
space.

Tauriga reported a net loss of $3.03 million for the year ended
March 31, 2020, compared to a net loss of $1.10 million for the
year ended March 31, 2019.  As of Dec. 31, 2020, the Company had
$2.28 million in total assets, $1.34 million in total liabilities,
and $939,650 in total stockholders' equity.

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
June 29, 2020, citing that the Company's significant operating
losses raise substantial doubt about its ability to continue as a
going concern.


TAURIGA SCIENCES: Lowers Net Loss to $22K in Third Quarter
----------------------------------------------------------
Tauriga Sciences, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
of $22,169 on $74,949 of net revenue for the three months ended
Dec. 31, 2020, compared to a net loss of $827,919 on $87,781 of net
revenue for the three months ended Dec. 31, 2019.

For the nine months ended Dec. 31, 2020, the Company reported a net
loss of $1.61 million on $215,113 of net revenue compared to a net
loss of $2.11 million on $201,881 of net revenue for the nine
months ended Dec. 31, 2019.

As of Dec. 31, 2020, the Company had $2.28 million in total assets,
$1.34 million in total liabilities, and $939,650 in total
stockholders' equity.

                         Going Concern

During the fourth quarter of the year ended March 31, 2019, the
Company began sales and marketing efforts for its Mint flavored
Tauri-GumTM product.  During the nine months ended Dec. 31, 2020,
the Company recognized net sales of $215,113 and a gross profit of
$35,284, compared to net sales of $201,881 and a gross profit of
$35,719 for the same period during the same period in the prior
year.  At Dec. 31, 2020, the Company had a working capital surplus
of $922,687 compared to a working capital deficit of $334,832 for
the year ended March 31, 2020.  The improvement is largely
resultant from increased inventory levels and an increase in value
of trading securities.  Although the Company has a working capital
surplus, the Company said there is no guarantee that this will
continue therefore it still believes that there is uncertainty with
respect to continuing as a going concern.

Tauriga stated, "The Company, in the short term, intends to
continue funding its operations either through cash-on-hand or
through financing alternatives.  Management's plans with respect to
this include raising capital through equity markets to fund future
operations as well as the possible sale of its remaining marketable
securities which had a market value of $1,377,400 at December 31,
2020.  In the event the Company cannot raise additional capital to
fund and/or expand operations or fails to raise adequate capital
and generate adequate sales revenue, or if the regulatory landscape
were to become more difficult or result in regulatory enforcement,
it could result in the Company having to curtail or cease
operations."

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

https://www.sec.gov/Archives/edgar/data/1142790/000149315221004472/form10-q.htm

                          About Tauriga

Tauriga Sciences, Inc. -- www.taurigum.com -- is a Florida
corporation, with its principal place of business being located at
555 Madison Avenue, Fifth Floor, New York, NY 10022.  The Company
has, over time, moved into that of a diversified life sciences
technology company, with its mission to operate a revenue
generating business, while continuing to evaluate potential
acquisition candidates operating in the life sciences technology
space.

Tauriga reported a net loss of $3.03 million for the year ended
March 31, 2020, compared to a net loss of $1.10 million for the
year ended March 31, 2019.

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
June 29, 2020, citing that the Company's significant operating
losses raise substantial doubt about its ability to continue as a
going concern.


TD HOLDINGS: Increases Authorized Common Shares to 600M Shares
--------------------------------------------------------------
TD Holdings, Inc. effected a Certificate of Amendment of the
Certificate of Incorporation with the Secretary of State of
Delaware to increase the number of authorized shares of its common
stock, par value $0.001 per share, from 100,000,000 shares to
600,000,000 shares and the number of authorized shares of its
preferred stock, par value $0.001 per share, from 10,000,000 shares
to 50,000,000 shares.  The Amendment was approved by the Company's
Board of Directors on March 9, 2021, and by shareholders holding a
majority of the Company's issued and outstanding capital stock on
March 10, 2021.  The Amendment does not affect the rights of the
Company's shareholders.

A copy of the Amendment is available for free at:

https://www.sec.gov/Archives/edgar/data/1556266/000121390021022432/ea139739ex3-01_tdholdings.htm

                          About TD Holdings

Headquartered in Beijing, People's Republic of China, TD Holdings,
Inc., (formerly known as Bat Group, Inc.) has become a used
luxurious car leasing business as well as a commodities trading
business operating in China since the disposition of its direct
loans, loan guarantees and financial leasing services to
small-to-medium sized businesses, farmers and individuals in July
2018.  The Company's current operations consist of leasing of
luxurious pre-owned automobiles and operation of a non-ferrous
metal commodities trading business.

For the year ended Dec. 31, 2019, the Company incurred net loss
from continuing operations of approximately $6.94 million, and
reported cash outflows of approximately $2.17 million from
operating activities.  The Company said these factors caused
concern as to its liquidity as of Dec. 31, 2019.


TILDA MARIE B. SUTTON: $185K Sale of Dublin Property Approved
-------------------------------------------------------------
Judge Stephani W. Humrickhouse of the U.S. Bankruptcy Court for the
Eastern District of North Carolina authorized Tilda Marie Brisson
Sutton's sale of the real property located at 6591 Albert Street,
in Dublin, Bladen County, North Carolina, to Rayon Thomas and Dia
Collins Thomas for a purchase price of $185,000.

The commission earned by Gerry S. Cox of Cox Realty & Appraisal, as
the real estate broker, equal to 4% of the purchase price, is
approved.
   
The sale is free and clear of any and all interests, liens,
encumbrances, rights or claims in the Property, including, but not
limited to, the following:

      a. Any and all property taxes due and owing to any City,
County, or municipal corporation, including the Bladen County Tax
Collector and the City of Dublin;

      b. Any and all liens of the Internal Revenue Service or the
North Carolina Department of Revenue, based upon tax liens recorded
with the Bladen County, North Carolina clerk of court,  including
16 M 79 recorded on Oct. 3, 2016 in Bladen County in favor of the
Internal Revenue Service, 17 M 25 recorded on March 24, 2017 in
Bladen County in favor of the North Carolina Department of Revenue
for income taxes, and 10 M 2061  recorded on Nov. 17, 2010 in
Bladen County in favor of the IRS to the extent not cancelled prior
to the closing;  

      c. The judgment lien of Houston Nile Brisson, Jr., David
Frazelle, and Robert G. Ray, all as co-executors of the Estate of
Houston Nile Brisson, Jr., recorded with the Bladen County Clerk of
Court at 17 CVS 000042 on March 20, 2017;  

      d. Any and all remaining interests, liens, encumbrances,
rights and claims asserted against the Property, which relate to or
arise as a result of a sale of the Property, or which may be
asserted against the buyer of the Property, including, but limited
to, those liens, encumbrances, interests, rights and claims,
whether fixed and liquidated or contingent and unliquidated, that
have or may be asserted against the Property or the buyer of the
Property by the North Carolina Department of Revenue, the Internal
Revenue Service, and any and all other taxing and government
authorities.
  
The liens and other interests named, if any, will attach to the
proceeds of sale.  

The sales proceeds will be distributed as follows at closing:

      a. First, to pay all costs of sale, including commissions to
Cox Realty & Appraisal, as wells as all recording costs normally
paid by Sellers in Bladen County, North Carolina;  

      b. Next, to pay all outstanding property taxes for 2018,
2019, and 2020 to Bladen County, North Carolina and the City of
Dublin, plus pro-rated ad valorem taxes for the 2021 tax year;  

      c. Last, to the IRS for application against their tax lien
for the 2012 income taxes, including interest through the date of
closing.  

Tilda Marie Brisson Sutton sought Chapter 11 protection (Bankr.
E.D. N.C. Case No. 17-04225) on Aug. 30, 2017.  The Debtor tapped
Trawick H Stubbs, Jr., Esq., at Stubbs & Perdue, P.A. as counsel.
On May 10, 2018, the Court entered an Order Confirming Plan of
Reorganization.



TRAXIUM LLC: Wants Plan Exclusivity Extended Thru May 14
--------------------------------------------------------
Traxium, LLC and its affiliates ask the U.S. Bankruptcy Court for
the Northern District of Ohio, Eastern Division to extend the
Debtors' exclusive period to file a plan of reorganization through
and including May 14, 2021, and to obtain acceptances through and
including July 13, 2021.

In accordance with the applicable provisions of the Bankruptcy Code
and the Bankruptcy Rules, the Debtors have prepared schedules of
assets and liabilities, statements of financial affairs, and
statements of executory contracts (collectively the "Schedules")
filing the Schedules with the Court on a timely basis.

The Debtors were present and testified through its President and
Chief Executive Officer at the first meeting of creditors pursuant
to Section 341 of the Bankruptcy Code, notice of which, upon
information and belief, was served upon all creditors.

While the Debtors are in the process of evaluating and drafting the
Debtors' proposed plan of reorganization and negotiating the terms
of amended and restated notes with Fifth Third Bank, the Debtors
believe that a 30-day extension is necessary and sufficient for
these purposes.

The requested extension will allow the Debtors time to negotiate
terms with one of its secured lenders and determine the ideal
avenue by which to prepare and file a feasible, and ideally a
consensual, plan of reorganization.

No creditors' committee has yet been appointed by the United States
Trustee. The extension of the Exclusive Rights Period requested
herein will not harm the Debtors' creditors or other parties in
interest.

A copy of the Debtors' Motion to extend is available at
https://bit.ly/2PcBaRf from PacerMonitor.com.

                            About Traxium LLC

Traxium, LLC is a holding company comprised of commercial printing
and marketing businesses. The Debtors provide a complete platform
of graphic design, marketing, and printing solutions and services
consisting of print, bindery, and finishing services, mailing
services, and other products and services to customers throughout
the region and across the country.

Traxium filed its voluntary petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ohio Case No. 20-51888) on October
16, 2020. George Schmutz, chief executive officer, signed the
petition.  At the time of filing, the Debtor disclosed $4,420,019
in assets and $5,665,021 in liabilities.

The Honorable Alan M. Koschik oversees the case. Gertz & Rosen,
Ltd. and Rysenia Capital Solutions, LLC serve as the Debtors' legal
counsel and restructuring advisor, respectively. Dennis Durco of
Rysenia Capital is the Debtors' operations consultant and chief
restructuring officer.


TRI-STATE PAIN: TIAA Commercial Objects to Disclosure Statement
---------------------------------------------------------------
TIAA Commercial Finance, Inc., objected to the Amended Disclosure
accompanying the Amended Plan of Tri-State Pain Institute LLC.

According to Michael F.J. Romano, Esq., TIAA's counsel at Romano,
Garubo & Argentieri, Counselors at Law, LLC, the Debtor failed to
make payments under certain lease and loan documents, and is past
due since June 2019.  The pre-petition arrearages under the lease
and loan documents total at least $387,228.  The total amount now
due and owing to TIAA on the lease and loan documents is no less
than $1,705,734, he said.

TIAA complained, among other things, that the Debtor's Plan:

   (a) does not provide that TIAA will retain its interest in the
medical equipment to the full extent of its interest;

   (b) does not provide that TIAA will receive on account of its
secured claims cash payments totaling at least the allowed amount
of such claims or the immediate return of the TIAA Medical
Equipment; and

   (c) does not provide that the interest and/or liens of parties
will attach to the proceeds of a sale of assets proposed under the
Plan.   

TIAA asserts to hold a first perfected security interest in certain
medical equipment used in the Debtor's business.  TIAA also
objected to the plans separately filed in the bankruptcy cases of
Dr. Joseph Martin Thomas and affiliated Debtor 2374 Village Common
Drive, LLC.  Dr. Thomas is the sole member of 2374 VCD and the
Debtor.     

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

Attorney for TIAA Commercial Finance Inc.

    Michael F.J. Romano, Esq.
    Romano, Garubo & Argentieri,
    Counselors at Law, LLC
    P.O. Box 456, 52 Newton Avenue
    Woodbury, New Jersey 08096
    Telephone: (856) 384-1515
    Email: mromano@rgalegal.com

                   About Tri-State Pain Institute

Tri-State Pain Institute LLC is a well-known Erie pain specialist
founded by Joseph M. Thomas, M.D.

Tri-State Pain Institute, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Pa. Cas No. 20-10049) on Jan.
23, 2020.  At the time of the filing, the Debtor had estimated
assets of between $500,001 and $1 million and liabilities of
between $1,000,001 and $10 million.

Judge Thomas P. Agresti oversees the case.  

The Debtor tapped Marsh, Spaeder, Baur, Spaeder, and Schaaf, LLP,
as the legal counsel and Coldwell Banker Select, Realtors as real
estate broker.

On Feb. 14, 2020, the U.S. Trustee for Regions 3 and 9 appointed a
Committee of unsecured creditors in the Debtor's Chapter 11 case.
The Committee is represented by Knox, McLaughlin, Gornall &
Sennett, P.C.


TTK RE ENTERPRISE: NH Buying Atlantic City Property for $125K
-------------------------------------------------------------
Judge Jerrold N. Poslusny of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on May 11, 2021, at
11:00 a.m., to consider TTK RE Enterprises, LLC's sale of the real
property located at 2714 Fairmount Avenue, in Atlantic City, New
Jersey, to NH Property Management LLC for $125,000.

The Debtor's business consists of acquiring and leasing of
residential real properties.  The Debtor owns residential rental
properties in southern New Jersey as of the Petition Date.  Among
the rental units owned by the Debtor is the Property.  The CMA
Summary Report dated March 18, 2021 set the value of the Property
at $125,000.

As of the Petition Date, the Debtor was indebted to Corevest
American Finance Lender, LLC in the amount of $2,144,457 as set
forth in Proof of Claim No. 44 filed by Situs on Jan. 7, 2020.

As of the Petition Date, the Situs Claim was secured by a mortgage
against 18 of the Debtor's real properties as of the Petition Date,
including the Property.  The Situs mortgage against the Property
dated April 25, 2018 was recorded on July 25, 2018 as Instrument
No. 2018037889 in the amount of $2.159 million.

The Situs Claim is also secured by the rents from the real
properties against which Situs possesses a mortgage(s), including
the Property.  

According to the Title Report, the Property is also subject to
outstanding real estate taxes and municipal liens for outstanding
water and sewer charges as of the date of closing on the sale of
the Property as set forth in the Title Report.

The Situs mortgage against the Property is far in excess of the
value of the Property.  Said Title Report also reflects the
judgment of Fox Capital Group, Inc. appearing of record, entered
subsequent to the Petition Date against non-debtor Emily K. Vu and
TTK RE Investments, LLC in the amount of $193,708.32 plus docketing
costs at Judgment No. DJ-172139-2019.

Although Debtor has sold numerous properties and paid down the
Situs Claim since the Petition Date, the Situs Claim secured by the
mortgage against the Property is still far in excess of the value
of the Property.  

The Property has been listed for sale with Century 21 Alliance,
1333 New Road, Suite 1, Northfield, New Jersey, the Court-Approved
realtor, and has been actively marketed by Century 21.  As the
result of the efforts of Century 21, the Debtor has entered into a
Contract for Sale of the Property with the Buyer for the sum of
$125,000, subject to the approval of the Court.  The Debtor
proposes to sell the Property free and clear of all liens,
encumbrances, claims, and interests that may be asserted by any
entity claiming an interest therein.

As such, the Debtor also asks to have the 4% commission ($5,000)
provided for in the listing agreement paid to Century 21 at the
time of closing on the sale of the Property.

The Purchaser has no relationship to Debtor, and the Debtor
represents that the proposed sale of the Property is the result of
an arms'-length transaction and the sale price has been approved by
Situs, the secured lender.

Because it believes the $125,000 purchase price for the Property is
the highest and best offer which the Debtor will receive for the
Property and as such, it is in the Debtor's best business judgment
to proceed with the sale of the Property to the Purchaser for
$125,000.  

Except for all transfer taxes associated with the sale or as
otherwise provided for in the Contract for Sale, all costs relating
to the sale and settlement of the Property, including all searches
and title search fees, all survey fees, all title company
settlement charges and title insurance costs, will be the
obligation of the Purchaser at the time of closing.   

All property taxes, all public utility charges, rents and like
charges, if any, relating to the Property will be pro-rated as of
Closing.  Settlement at Closing will be made on pro-ration of
estimates of such taxes and charges with net balances payable by
either Party at the time of closing.

The Debtor submits that at the time of closing the proceeds of the
sale of the Property should be paid as follows:

      a. Normal costs attendant with closing on the sale of the
Property but not limited to, outstanding real estate taxes and
municipal liens for outstanding water and sewer charges as of the
date of closing on the sale of the Property;

      b. 4% of the Purchase Price ($5,000) to Century 21, to be
split equally with any participating/cooperating broker in
connection with the sale of the Property; and

      c. All remaining proceeds to Situs on account of the Situs
Secured Claim.

The Debtor asks that the stay of an order granting the Motion under
Bankruptcy Rule 6004(h) be waived for cause because the Purchaser
intends to close immediately upon the entry of an Order approving
the sale of Property and the Debtor is concerned that the Purchaser
will refuse to close if the Debtor cannot do so promptly upon the
entry of an Order approving the sale of the Property.    

A copy of the Contract is available at https://tinyurl.com/565t3far
from PacerMonitor.com free of charge.

                    About TTK RE Enterprise

TTK RE Enterprise LLC is a privately held company in Somers Point,
New Jersey.  The Company is the 100% owner of 48 real estate
properties in New Jersey having a total current value of
$9,265,000.

TTK RE Enterprise sought Chapter 11 protection (Bankr. D.N.J. Case
No. 19-30460) on Oct. 29, 2019 in Camden, New Jersey.  In the
petition signed by Emily K. Vu, president, the Debtor disclosed
total assets of $9,269,950, and total liabilities of $6,432,457.
Judge Jerrold N. Poslusny Jr. oversees the case.  FLASTER
GREENBERG
PC - CHERRY HILL is the Debtor's counsel.



TTK RE ENTERPRISE: NH Buying Atlantic City Property for $165K
-------------------------------------------------------------
Judge Jerrold N. Poslusny of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on May 11, 2021, at
11:00 a.m., to consider TTK RE Enterprises, LLC's sale of the real
property located at 31 N. Delancy Place, in Atlantic City, New
Jersey, to NH Property Management LLC for 165,000.

The Debtor's business consists of acquiring and leasing of
residential real properties.  The Debtor owns residential rental
properties in southern New Jersey as of the Petition Date.  Among
the rental units owned by the Debtor is the Property.  The CMA
Summary Report dated March 18, 2021 set the value of the Property
at $165,000.

As of the Petition Date, the Debtor was indebted to Corevest
American Finance Lender, LLC in the amount of $2,144,457 as set
forth in Proof of Claim No. 44 filed by Situs on Jan. 7, 2020.

As of the Petition Date, the Situs Claim was secured by a mortgage
against 18 of the Debtor's real properties as of the Petition Date,
including the Property.  The Situs mortgage against the Property
dated April 25, 2018 was recorded on July 25, 2018 as Instrument
No. 2018037889 in the amount of $2.159 million.

The Situs Claim is also secured by the rents from the real
properties against which Situs possesses a mortgage(s), including
the Property.  

According to the Title Report, the Property is also subject to
outstanding real estate taxes and municipal liens for outstanding
water and sewer charges as of the date of closing on the sale of
the Property as set forth in the Title Report.

The Situs mortgage against the Property is far in excess of the
value of the Property.  Said Title Report also reflects the
judgment of Fox Capital Group, Inc. appearing of record, entered
subsequent to the Petition Date against non-debtor Emily K. Vu and
TTK RE Investments, LLC in the amount of $193,708.32 plus docketing
costs at Judgment No. DJ-172139-2019.

Although Debtor has sold numerous properties and paid down the
Situs Claim since the Petition Date, the Situs Claim secured by the
mortgage against the Property is still far in excess of the value
of the Property.  

The Property has been listed for sale with Century 21 Alliance,
1333 New Road, Suite 1, in Northfield, New Jersey, the
Court-Approved realtor, and has been actively marketed by Century
21.  As the result of the efforts of Century 21, the Debtor has
entered into a Contract for Sale of the Property with the Buyer for
the sum of $165,000, subject to the approval of the Court.  The
Debtor proposes to sell the Property free and clear of all liens,
encumbrances, claims, and interests that may be asserted by any
entity claiming an interest therein.

As such, the Debtor also asks to have the 4% commission ($6,600)
provided for in the listing agreement paid to Century 21 at the
time of closing on the sale of the Property.

The Purchaser has no relationship to Debtor, and the Debtor
represents that the proposed sale of the Property is the result of
an arms'-length transaction and the sale price has been approved by
Situs, the secured lender.

Because it believes the $165,000 purchase price for the Property is
the highest and best offer which the Debtor will receive for the
Property and as such, it is in the Debtor's best business judgment
to proceed with the sale of the Property to the Purchaser for
$165,000.  

Except for all transfer taxes associated with the sale or as
otherwise provided for in the Contract for Sale, all costs relating
to the sale and settlement of the Property, including all searches
and title search fees, all survey fees, all title company
settlement charges and title insurance costs, will be the
obligation of the Purchaser at the time of closing.   

All property taxes, all public utility charges, rents and like
charges, if any, relating to the Property will be pro-rated as of
Closing.  Settlement at Closing will be made on pro-ration of
estimates of such taxes and charges with net balances payable by
either Party at the time of closing.

The Debtor submits that at the time of closing the proceeds of the
sale of the Property should be paid as follows:

      a. Normal costs attendant with closing on the sale of the
Property but not limited to, outstanding real estate taxes and
municipal liens for outstanding water and sewer charges as of the
date of closing on the sale of the Property;

      b. 4% of the Purchase Price ($6,600) to Century 21, to be
split equally with any participating/cooperating broker in
connection with the sale of the Property; and

      c. All remaining proceeds to Situs on account of the Situs
Secured Claim.

The Debtor asks that the stay of an order granting the Motion under
Bankruptcy Rule 6004(h) be waived for cause because the Purchaser
intends to close immediately upon the entry of an Order approving
the sale of Property and the Debtor is concerned that the Purchaser
will refuse to close if the Debtor cannot do so promptly upon the
entry of an Order approving the sale of the Property.    

A copy of the Contract is available at https://tinyurl.com/9ecxkwmk
from PacerMonitor.com free of charge.

                    About TTK RE Enterprise

TTK RE Enterprise LLC is a privately held company in Somers Point,
New Jersey.  The Company is the 100% owner of 48 real estate
properties in New Jersey having a total current value of
$9,265,000.

TTK RE Enterprise sought Chapter 11 protection (Bankr. D.N.J. Case
No. 19-30460) on Oct. 29, 2019 in Camden, New Jersey.  In the
petition signed by Emily K. Vu, president, the Debtor disclosed
total assets of $9,269,950, and total liabilities of $6,432,457.
Judge Jerrold N. Poslusny Jr. oversees the case.  FLASTER
GREENBERG
PC - CHERRY HILL is the Debtor's counsel.



TTK RE ENTERPRISE: Selling Atlantic City Property for $125K
-----------------------------------------------------------
Judge Jerrold N. Poslusny of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on May 11, 2021, at
11:00 a.m., to consider TTK RE Enterprises, LLC's sale of the real
property located at 24 N. Georgia Avenue, in Atlantic City, New
Jersey, to NH Property Management LLC for 125,000.

The Debtor's business consists of acquiring and leasing of
residential real properties.  The Debtor owns residential rental
properties in southern New Jersey as of the Petition Date.  Among
the rental units owned by the Debtor is the Property.  The CMA
Summary Report dated March 18, 2021 set the value of the Property
at $125,000.

As of the Petition Date, the Debtor was indebted to Corevest
American Finance Lender, LLC in the amount of $2,144,457 as set
forth in Proof of Claim No. 44 filed by Situs on Jan. 7, 2020.

As of the Petition Date, the Situs Claim was secured by a mortgage
against 18 of the Debtor's real properties as of the Petition Date,
including the Property.  The Situs mortgage against the Property
dated April 25, 2018 was recorded on July 25, 2018 as Instrument
No. 2018037889 in the amount of $2.159 million.

The Situs Claim is also secured by the rents from the real
properties against which Situs possesses a mortgage(s), including
the Property.  

According to the Title Report, the Property is also subject to
outstanding real estate taxes and municipal liens for outstanding
water and sewer charges as of the date of closing on the sale of
the Property as set forth in the Title Report.

The Situs mortgage against the Property is far in excess of the
value of the Property.  Said Title Report also reflects the
judgment of Fox Capital Group, Inc. appearing of record, entered
subsequent to the Petition Date against non-debtor Emily K. Vu and
TTK RE Investments, LLC in the amount of $193,708.32 plus docketing
costs at Judgment No. DJ-172139-2019.

Although Debtor has sold numerous properties and paid down the
Situs Claim since the Petition Date, the Situs Claim secured by the
mortgage against the Property is still far in excess of the value
of the Property.  

The Property has been listed for sale with Century 21 Alliance,
1333 New Road, Suite 1, Northfield, New Jersey, the Court-Approved
realtor, and has been actively marketed by Century 21.  As the
result of the efforts of Century 21, the Debtor has entered into a
Contract for Sale of the Property with the Buyer for the sum of
$125,000, subject to the approval of the Court.  The Debtor
proposes to sell the Property free and clear of all liens,
encumbrances, claims, and interests that may be asserted by any
entity claiming an interest therein.

As such, the Debtor also asks to have the 5% commission ($9,500)
provided for in the listing agreement paid to Century 21 at the
time of closing on the sale of the Property.

The Purchaser has no relationship to Debtor, and the Debtor
represents that the proposed sale of the Property is the result of
an arms'-length transaction and the sale price has been approved by
Situs, the secured lender.

Because it believes the $125,000 purchase price for the Property is
the highest and best offer which the Debtor will receive for the
Property and as such, it is in the Debtor's best business judgment
to proceed with the sale of the Property to the Purchaser for
$125,000.  

Except for all transfer taxes associated with the sale or as
otherwise provided for in the Contract for Sale, all costs relating
to the sale and settlement of the Property, including all searches
and title search fees, all survey fees, all title company
settlement charges and title insurance costs, will be the
obligation of the Purchaser at the time of closing.   

All property taxes, all public utility charges, rents and like
charges, if any, relating to the Property will be pro-rated as of
Closing.  Settlement at Closing will be made on pro-ration of
estimates of such taxes and charges with net balances payable by
either Party at the time of closing.

The Debtor submits that at the time of closing the proceeds of the
sale of the Property should be paid as follows:

      a. Normal costs attendant with closing on the sale of the
Property but not limited to, outstanding real estate taxes and
municipal liens for outstanding water and sewer charges as of the
date of closing on the sale of the Property;

      b. 4% of the Purchase Price ($5,000) to Century 21, to be
split equally with any participating/cooperating broker in
connection with the sale of the Property; and

      c. All remaining proceeds to Situs on account of the Situs
Secured Claim.

The Debtor asks that the stay of an order granting the Motion under
Bankruptcy Rule 6004(h) be waived for cause because the Purchaser
intends to close immediately upon the entry of an Order approving
the sale of Property and the Debtor is concerned that the Purchaser
will refuse to close if the Debtor cannot do so promptly upon the
entry of an Order approving the sale of the Property.    

A copy of the Contract is available at https://tinyurl.com/sxfxc3hn
from PacerMonitor.com free of charge.

                    About TTK RE Enterprise

TTK RE Enterprise LLC is a privately held company in Somers Point,
New Jersey.  The Company is the 100% owner of 48 real estate
properties in New Jersey having a total current value of
$9,265,000.

TTK RE Enterprise sought Chapter 11 protection (Bankr. D.N.J. Case
No. 19-30460) on Oct. 29, 2019 in Camden, New Jersey.  In the
petition signed by Emily K. Vu, president, the Debtor disclosed
total assets of $9,269,950, and total liabilities of $6,432,457.
Judge Jerrold N. Poslusny Jr. oversees the case.  FLASTER
GREENBERG
PC - CHERRY HILL is the Debtor's counsel.



UNITI GROUP: Units Complete Private Placement of $570M Senior Notes
-------------------------------------------------------------------
Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC,
each a subsidiary of Uniti Group Inc., completed a private offering
of $570,000,000 aggregate principal amount of the Issuers' 4.750%
Senior Secured Notes due 2028.  The Issuers intend to use the net
proceeds from the offering to fund the redemption in full of their
outstanding 6.00% Senior Secured Notes due 2023 and to pay any
related premiums, fees and expenses.

The Notes were issued at an issue price of 100% of their principal
amount pursuant to an Indenture, dated as of April 20, 2021, among
the Issuers, the guarantors named therein and Deutsche Bank Trust
Company Americas, as trustee and as collateral agent.  The Notes
mature on April 15, 2028 and bear interest at a rate of 4.750% per
year.  Interest on the Notes is payable on April 15 and October 15
of each year, beginning on Oct. 15, 2021.

The Issuers may redeem the Notes, in whole or in part, at any time
prior to April 15, 2024 at a redemption price equal to 100% of the
principal amount of the Notes redeemed plus accrued and unpaid
interest on the Notes, if any, to, but not including, the
redemption date, plus an applicable "make whole" premium described
in the Indenture.  Thereafter, the Issuers may redeem the Notes in
whole or in part, at the redemption prices set forth in the
Indenture.  In addition, prior to April 15, 2024, the Issuers may,
on one or more occasions, redeem up to 10% of the aggregate
principal amount of the Notes in any twelve month period at a
redemption price equal to 103% of the principal amount thereof plus
accrued and unpaid interest thereon, if any, to, but not including,
the applicable redemption date.  Notwithstanding the foregoing, the
Issuers may not use the proceeds of any offering of Additional
Notes (as defined in the Indenture) with a price to investors equal
to or in excess of 103% to finance any such optional redemption.
Further, at any time on or prior to April 15, 2024, up to 40% of
the aggregate principal amount of the Notes may be redeemed with
the net cash proceeds of certain equity offerings at a redemption
price of 104.750% of the principal amount plus accrued and unpaid
interest, if any, to, but not including, the applicable redemption
date; provided that at least 60% of aggregate principal amount of
the originally issued Notes remains outstanding.  If certain
changes of control of Uniti Group LP occur, holders of the Notes
will have the right to require the Issuers to offer to repurchase
their Notes at 101% of their principal amount plus accrued and
unpaid interest, if any, to, but not including, the repurchase
date.

The Notes are fully and unconditionally guaranteed, jointly and
severally, on a senior unsecured basis by the Company and on a
senior secured basis by each of Uniti Group LP's existing and
future domestic restricted subsidiaries (other than the Issuers)
that guarantees indebtedness under the Company's senior secured
credit facilities and existing secured notes.  In addition, the
Issuers will use commercially reasonable efforts to obtain
necessary regulatory approval to allow certain non-guarantor
subsidiaries of the Company to guarantee the Notes, including by
making filings to obtain such approval within 60 days of the
issuance of the Notes. The guarantees are subject to release under
specified circumstances, including certain circumstances in which
such guarantees may be automatically released without the consent
of the holders of the Notes.

The Notes and the related guarantees are the Issuers' and the
Subsidiary Guarantors' senior secured obligations and rank equal in
right of payment with all of the Issuers' and the Subsidiary
Guarantors' existing and future unsubordinated obligations;
effectively senior to all unsecured indebtedness of the Issuers and
the Subsidiary Guarantors, including the Company's existing senior
unsecured notes, to the extent of the value of the collateral
securing the Notes; effectively equal with all of the Issuers' and
the Subsidiary Guarantors' existing and future indebtedness that is
secured by first-priority liens on the collateral (including
indebtedness under the Company's senior secured credit facilities
and existing secured notes); senior in right of payment to any of
the Issuers' and Subsidiary Guarantors' subordinated indebtedness;
and structurally subordinated to all existing and future
liabilities (including trade payables) of the Company's
subsidiaries (other than the Issuers) that do not guarantee the
Notes.  The guarantee of the Company will be its senior unsecured
obligation and will rank equally in right of payment with all of
its existing and future unsubordinated obligations and senior in
right of payment to any of its subordinated indebtedness.  The
Notes and the related guarantees will also be effectively
subordinated to any existing or future indebtedness that is secured
by liens on assets that do not constitute a part of the collateral
securing the Notes to the extent of the value of such assets, and
to any existing or future secured indebtedness of the Company to
the extent of the value of the assets securing such indebtedness.

The Notes and the related guarantees will be secured by liens on
substantially all of the assets of the Issuers and the Subsidiary
Guarantors, which assets also ratably secure obligations under the
Company's existing secured notes and senior secured credit
facilities, in each case, subject to certain exceptions and
permitted liens.  The collateral will not include real property
(below a specified threshold of value), but will include certain
fixtures and other equipment as well as cash that we receive
pursuant to our long-term exclusive triple-net leases with
Windstream Holdings II, LLC.

The Indenture contains customary high yield covenants limiting the
ability of Uniti Group LP and its restricted subsidiaries to: incur
or guarantee additional indebtedness; incur or guarantee secured
indebtedness; pay dividends or distributions on, or redeem or
repurchase, capital stock; make certain investments or other
restricted payments; sell assets; enter into transactions with
affiliates; merge or consolidate or sell all or substantially all
of their assets; and create restrictions on the ability of the
Issuers and their restricted subsidiaries to pay dividends or other
amounts to the Issuers.  These covenants are subject to a number of
important and significant limitations, qualifications and
exceptions.  The Indenture also contains customary events of
default.

                           About Uniti

Headquartered in Little Rock, Arkansas, Uniti --
http://www.uniti.com-- is an internally managed real estate
investment trust.  It is engaged in the acquisition and
construction of mission critical communications infrastructure, and
is a provider of wireless infrastructure solutions for the
communications industry.  As of Dec. 31, 2020, Uniti owns over
123,000 fiber route miles, approximately 6.9 million fiber strand
miles, and other communications real estate throughout the United
States.

Uniti Group reported a net loss of $718.81 million for the year
ended Dec. 31, 2020, compared to net income of $10.91 million for
the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$4.73 billion in total assets, $6.80 billion in total liabilities,
and a total shareholders' deficit of $2.07 billion.

                        *   *   *

In March 2020, S&P Global Ratings placed all ratings on U.S.
telecom REIT Uniti Group Inc., including the 'CCC-' issuer credit
rating, on CreditWatch with positive implications.  The CreditWatch
placement follows the company's announcement it reached an
agreement in principle with its largest tenant Windstream Holdings
Inc. to resolve all legal claims it asserted against Uniti in the
context of Windstream's bankruptcy proceedings.


W RESOURCES: Seeks to Continue Interest Sale Hearing to May 5
-------------------------------------------------------------
W Resources, LLC Liquidating Trust asks the U.S. Bankruptcy Court
for the Middle District of Louisiana (i) to continue hearing on
proposed sale of its 40% minority interest in Pine Valley, LLC, to
Bradford H. Brian, and Roger Hebert for $18,000, subject to
overbid, from April 21, 2021, at 2:00 p.m. (CST) to May 5, 2021, at
2:00 p.m. (CST), and (ii) to extend the deadline for responses to
be filed through April 28, 2021.

On March 23, 2021, the Trust filed the Sale Motion, which
requested, the sale of a 40% membership interest in Pine Valley.  A
hearing before the Court on the Sale Motion was set for April 21,
2021, at 2:00 p.m. (CST).  

The Trust requests a continuance of the hearing on the Sale Motion
in order to give parties in interest additional time to evaluate
possible overbids.  Notice of the requested continuance has been
provided to the office of the United States Trustee, which has
indicated that it has no objection.

                        About W Resources

W Resources, LLC, is a privately-owned company in Baton Rouge,
Louisiana, engaged in activities related to real estate.  It is a
holding company with a diverse set of raw and recreational land,
farming and hunting operations, an aircraft hangar, oil and gas
interests, and equity-based interests.

W Resources sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. La. Case No. 18-10798) on July 23, 2018.  In the
petition signed by Dwayne M. Murray, Chapter 11 trustee for
Michael
Worley, manager, the Debtor estimated assets and liabilities of
$50
million to $100 million each.

The Debtor hired Stewart Robbins & Brown, LLC, as its legal
counsel.  Horne LLP serves as accountant.



W. KENT GANSKE: Files Notice of $270K Sale of Sun Prairie Property
------------------------------------------------------------------
W. Kent Ganske and Julie L. Ganske filed with the U.S. Bankruptcy
Court for the Eastern District of Wisconsin a notice of their sale
of their condominium unit located at 886 Stonehaven Drive, Unit 31,
in Sun Prairie, County of Dane, Wisconsin, to Shirley Steinbeck for
$270,000.

The closing will take place by May 14, 2021, subject to Court
approval, or at a different date upon mutual agreement of the
parties.  The Debtors also ask approval of and authorization to pay
Closing Costs, including a broker's commission in the amount of 6%,
from the proceeds at closing, with the net proceeds to be paid to
United Cooperative, which holds a properly perfected first priority
lien on the Property greatly exceeding the value of the Property.

Objections, if any, must be filed no later than 21 days from the
date of the Notice.

W. Kent Ganske and Julie L. Ganske sought Chapter 11 protection
(Bankr. E.D. Wisc. Case No. 20-21042) on Feb. 11, 2020.



W. KENT GANSKE: Steinbeck Buying Sun Prairie Property for $270K
---------------------------------------------------------------
W. Kent Ganske and Julie L. Ganske ask the U.S. Bankruptcy Court
for the Eastern District of Wisconsin to authorize the sale of
their condominium unit located at 886 Stonehaven Drive, Unit 31, in
Sun Prairie, County of Dane, Wisconsin, to Shirley Steinbeck for
$270,000.

On Aug. 10, 2020, the Debtors filed Notice and Application by
Debtors for Authority to Employ Stark Company Realtors as Real
Estate Broker Sun Prairie Condo.  Attached as Exhibit A to the
First Application was a Residential Condominium Listing Contract
between Stark Company Realtors and the Debtors, setting forth a
list price for the Property of $295,000 and a 6% commission to
Stark, half of which could be shared with any cooperating firms.

On Sept. 2, 2020, the Court issued its Order Granting Application
by Debtors for Authority to Employ Stark Company Realtors as Real
Estate Broker Sun Prairie Condo.  On Dec. 17, 2020, the term of the
First Listing Contract expired.

On Jan. 27, 2021, the Debtors filed Notice and Application by
Debtors for Authority to Employ Bunbury & Associates, Inc. as Real
Estate Broker Sun Prairie Condo.  Attached as Exhibit A to the
Second Application was a Residential Condominium Listing Contract
between Bunbury & Associates Realtors and the Debtors, setting
forth the list price for the Property of $275,000 and a 6%
commission to Bunbury, half of which could be shared with any
cooperating firms.  On Jan. 29, 2021, the Court granted it.

On March 4, 2021, the Court issued its Order Granting Motion to
Sell Property of the Estate Sun Prairie Condo, authorizing the
Debtors to sell the Property to Shane Heim for the purchase price
of $270,000.  On March 9, 2021, the Debtors received a WB-40
Amendment to Offer to Purchase, which reduced the offered purchase
price from $270,000 to $255,000.00.  The Debtors rejected the
amendment in order to obtain a higher selling price from another
buyer.

The Debtors have ownership interest in the Property, as evidenced
by a Quit Claim Deed, recorded as Document No. 5278043, in the Dane
County Register of Deeds on Oct. 21, 2016, and by a Quit Claim
Deed, recorded as Document No. 5474125, in the Dane County Register
of Deeds on March 11, 2019.  The First Deed quit claimed an
undivided ½ interest as joint credit to the Debtors and an
undivided ½ interest to Kalyn Wachter.  The Second Deed quit
claimed Kalyn Wachter's interest in the property to the Debtors.

After listing the Property on Aug. 17, 2020, and through continued
marketing, the Debtors received an offer from an unrelated
third-party, Shirley Steinbeck, to purchase the Property for
$270,000, which is fair value for the Property.  The Property is
subject to liens and encumbrances of record, the first priority
being held as a mortgage to United Cooperative in an amount that
greatly exceeds the value of the Property.

The closing on the sale of the Property is scheduled to take place
on May 14, 2021, subject to Court approval, or at a different date
upon mutual agreement of the parties.

The Debtors seek authority to pay from the closing proceeds any and
all closing costs incurred, including the broker commission, title
insurance, transfer fees, prorated real estate taxes, any
delinquent real estate taxes, and any other usual costs of closing
incurred with the sale of the Property.

The sale will be free and clear of liens, with liens to attach to
the proceeds of sale.  All remaining net proceeds after Closing
Costs will be paid to United Cooperative, which holds a properly
perfected first priority lien.

The Debtors request that the Court approves the commission and
authorizes the distribution of the broker's commission at closing.

Based on the Debtors' knowledge of the Property and its potential
market, the offer appears to be reasonable and should be accepted
and approved.  They believe that the sale is in the best interests
of the estate, and allows a reduction of estate expenses and
secured debt.  They ask that the stay of the order provided in
F.R.B.P. 6004 be waived, in order to allow the sale to proceed as
scheduled, and to avoid loss to the estate.

A copy of the Agreement is available at
https://tinyurl.com/4pdkk3a8 from PacerMonitor.com free of charge.

W. Kent Ganske and Julie L. Ganske sought Chapter 11 protection
(Bankr. E.D. Wisc. Case No. 20-21042) on Feb. 11, 2020.



W.F. GRACE: Gets Access to Cash Collateral Thru July 31
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Hampshire
authorized W.F. Grace Construction, LLC to continue using cash
collateral until 11:59 p.m. on July 31, 2021, to pay costs and
expenses incurred by the Debtor in the ordinary course of its
business, according to the budget.  The budget provided for up to
$458,388 of total costs and expenses through July 31, 2021.

The Court will continue hearing on the motion on July 21, 2021 at 2
p.m.  

A copy of the order and the budget is available at
https://bit.ly/3anSavh from PacerMonitor.com free of charge.

               About W.F. Grace Construction, LLC

W.F. Grace Construction, LLC is part of the residential
construction contractors industry.

W.F. Grace Construction filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D.N.H. Case No.
20-10844) on Sept. 28, 2020. The petition was signed by William F.
Grace, Jr., sole member. At the time of filing, the Debtor
estimated $1 million to $10 million in both assets and
liabilities.

Judge Bruce A. Harwood oversees the case.

William S. Gannon, Esq., at William S. Gannon PLLC represents the
Debtor as counsel.



WATERLOO AFFORDABLE: Gets OK to Hire Special Litigation Counsel
---------------------------------------------------------------
Waterloo Affordable Housing, LLC received approval from the U.S.
Bankruptcy Court for the District of Nebraska to hire Theodore
Boecker, Jr., Esq., an attorney practicing in Omaha, Neb., as
special litigation counsel.

The Debtor requires a litigation counsel to:

     a. give legal advice with respect to the Debtor's relationship
with the U.S. Department of Housing and Urban Development (HUD) and
the City of Waterloo, Iowa;

     b. prepare and file adversary proceedings against HUD and the
City of Waterloo for amounts owed and other damages;

     c. negotiate and, if necessary, litigate insurance issues
arising from water damages to the Debtor's property; and

     d. perform all other legal services as may be requested by the
Debtor.

Mr. Boecker will be paid at the rate of $275 per hour.

In court papers, Mr. Boecker disclosed that he does not represent
interests adverse to the Debtor and its bankruptcy estate.

Mr. Boecker can be reached at:

     Theodore R. Boecker, Jr., Esq.
     11225 Davenport St, Ste 100
     Omaha, NE 68154-2641
     Phone: (402) 933-9500

                 About Waterloo Affordable Housing

Waterloo Affordable Housing, LLC, a lessor of real estate in Omaha,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Neb. Case No. 19-81610) on Oct. 30, 2019.  At the time of the
filing, the Debtor disclosed assets of between $1 million and $10
million and liabilities of the same range.  

Judge Thomas L. Saladino oversees the case.  

Robert Vaughan Ginn, Esq., and Theodore R. Boecker, Jr., Esq.,
serve as the Debtor's bankruptcy attorney and special litigation
attorney, respectively.


YOUFIT HEALTH: Plan & Disclosure Hearing Reset to May 25
--------------------------------------------------------
Counsel for YouFit Health Clubs, LLC, et al., submitted a
certification requesting entry of supplemental order regarding the
date for the hearing on final approval of the Disclosure Statement
and confirmation of the Plan.  On April 20, 2021, Judge Mary F.
Walrath ordered that:

     * The Combined Hearing on final approval of the Disclosure
Statement and confirmation of the Plan is rescheduled for May 25,
2021, at 2:00 p.m.

     * The deadline to file objections, if any, to final approval
of the Disclosure Statement and/or confirmation of the Plan is
extended to May 17, 2021, at 4:00 p.m.

     * The deadline for the Debtors to file the Balloting Report,
consolidated reply to objections, and proposed form of confirmation
order, is extended to May 20, 2021 at 4:00 p.m.

Counsel for the Debtors:

     Dennis A. Meloro
     GREENBERG TRAURIG, LLP
     The Nemours Building
     1007 North Orange Street, Suite 1200
     Wilmington, Delaware 19801
     Telephone: (302) 661-7000
     Facsimile: (302) 661-7360
     E-mail: melorod@gtlaw.com

            - and -

     Nancy A. Peterman
     Eric Howe
     Nicholas E. Ballen
     77 West Wacker Dr., Suite 3100
     Chicago, Illinois 60601
     Telephone: (312) 456-8400
     Facsimile: (312) 456-8435
     Emails: petermanN@gtlaw.com
             howeE@gtlaw.com
             ballenN@gtlaw.com

                     About YouFit Health Clubs

YouFit Health Clubs, LLC, and its affiliates own and operate 85
fitness clubs in the states of Alabama, Arizona, Florida, Georgia,
Louisiana, Maryland, Pennsylvania, Rhode Island, Texas, and
Virginia. Visit https://www.youfit.com/ for more information.

On Nov. 9, 2020, YouFit Health Clubs and its affiliates sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-12841).
YouFit was estimated to have $50 million to $100 million in assets
and $100 million to $500 million in liabilities as of the filing.

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

The Debtors tapped Greenberg Traurig LLP as its bankruptcy counsel,
FocalPoint Securities LLC as investment banker, Red Banyan Group
LLC as communications consultant, and Hilco Real Estate LLC as real
estate advisor.  Donlin Recano & Company Inc. is the claims agent.

On Nov. 18, 2020, the U.S. Trustee for Region 3 appointed a
committee to represent unsecured creditors in the Debtors' Chapter
11 cases.  The committee tapped Berger Singerman LLP and Pachulski
Stang Ziehl & Jones LLP as its legal counsel, and Dundon Advisers
LLC as its financial advisor.


ZPOWER TEXAS: Amended Joint Liquidating Plan Confirmed by Judge
---------------------------------------------------------------
Judge Edward Morris has entered an order confirming the Amended
Joint Plan of Liquidation filed by ZPower, LLC and ZPower Texas,
LLC.

The Debtors proposed the Plan in good faith. The Plan is by no
means forbidden by law. The Debtors have complied with all
requirements of the Bankruptcy Code for confirmation of the Plan,
and the Plan complies with all relevant provisions of the
Bankruptcy Code.

Under the Plan, and subject to the provisions thereof, the Business
Assets of the Debtors and their estates will be transferred to Riot
Energy, as further evidenced by the Riot Energy APA, in exchange
for a release by Riot Energy of its prepetition and postpetition
claims against the Debtors and the estates and in exchange for a
partial release by Riot Energy of its liens against property of the
Debtors and their estates.

Riot Energy has at all times acted in good faith and has not
engaged in any action that would subject it to any forfeiture or
avoidance of any transfer of the Business Assets. The consideration
provided by Riot Energy under the Plan is sufficient, valuable, and
reasonably equivalent consideration for the Business Assets.

Under the Plan, the Creditor Trust is created, to be governed by
the Creditor Trust Agreement. Joseph Sullivan, through his entity
Joseph Sullivan LLC, shall be the initial Creditor Trust Trustee,
being properly qualified to serve in such role.

A full-text copy of the Plan Confirmation Order dated April 20,
2021, is available at https://bit.ly/3sLgdKY from PacerMonitor.com
at no charge.

                       About ZPower Texas

ZPower -- https://www.zpowerbattery.com/ -- is a manufacturer of
silver-zinc rechargeable microbatteries.  The Company serves the
consumer electronics, medical, and military and defense
industries.

ZPower Texas, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Tex. Case No. 20-41158) on March 17,
2020.  At the time of the filing, the Debtor estimated assets of
between $10 million to $50 million and liabilities of between $10
million to $50 million.  The petitions were signed by Glynne
Townsend, the CRO.  The case is presided by Hon. Mark X. Mullin.
Davor Rukavina, Esq., of Munsch Hardt Kopf & Harr, P.C., is the
Debtors' bankruptcy counsel.  Honigman LLP is special IP counsel.


[^] BOND PRICING: For the Week from April 19 to 23, 2021
--------------------------------------------------------

  Company                    Ticker  Coupon Bid Price   Maturity
  -------                    ------  ------ ---------   --------
BPZ Resources Inc            BPZR     6.500     3.017   3/1/2049
Basic Energy Services Inc    BASX    10.750    19.250 10/15/2023
Basic Energy Services Inc    BASX    10.750    18.847 10/15/2023
Briggs & Stratton Corp       BGG      6.875     8.500 12/15/2020
Buffalo Thunder
  Development Authority      BUFLO   11.000    50.001  12/9/2022
Chinos Holdings Inc          CNOHLD   7.000     0.332       N/A
Chinos Holdings Inc          CNOHLD   7.000     0.332       N/A
Dean Foods Co                DF       6.500     1.733  3/15/2023
Dean Foods Co                DF       6.500     1.999  3/15/2023
Diamond Offshore Drilling    DOFSQ    3.450    19.000  11/1/2023
Diamond Offshore Drilling    DOFSQ    7.875    17.750  8/15/2025
ENSCO International Inc      VAL      7.200    10.088 11/15/2027
Energy Conversion Devices    ENER     3.000     7.875  6/15/2013
Exela Intermediate LLC /
  Exela Finance Inc          EXLINT  10.000    36.029  7/15/2023
Exela Intermediate LLC /
  Exela Finance Inc          EXLINT  10.000    36.918  7/15/2023
Fleetwood Enterprises Inc    FLTW    14.000     3.557 12/15/2011
Frontier Communications      FTR      8.750    68.750  4/15/2022
Frontier Communications      FTR      6.250    66.838  9/15/2021
Frontier Communications      FTR      9.250    66.000   7/1/2021
GNC Holdings Inc             GNC      1.500     1.250  8/15/2020
GTT Communications Inc       GTT      7.875    15.482 12/31/2024
GTT Communications Inc       GTT      7.875    27.750 12/31/2024
GameStop Corp                GME     10.000   107.763  3/15/2023
Goodman Networks Inc         GOODNT   8.000    35.779  5/11/2022
High Ridge Brands Co         HIRIDG   8.875     1.134  3/15/2025
High Ridge Brands Co         HIRIDG   8.875     1.134  3/15/2025
Hornbeck Offshore Services   HOSS     5.000     0.563   3/1/2021
Kraft Heinz Foods Co         KHC      4.000   106.932  6/15/2023
Liberty Media Corp           LMCA     2.250    46.090  9/30/2046
MAI Holdings Inc             MAIHLD   9.500    15.895   6/1/2023
MAI Holdings Inc             MAIHLD   9.500    15.895   6/1/2023
MAI Holdings Inc             MAIHLD   9.500    15.895   6/1/2023
MF Global Holdings Ltd       MF       9.000    15.625  6/20/2038
MF Global Holdings Ltd       MF       6.750    15.625   8/8/2016
Marathon Oil Corp            MRO      2.800   102.778  11/1/2022
Mashantucket Western
  Pequot Tribe               MASHTU   7.350    15.750   7/1/2026
Navajo Transitional
  Energy Co LLC              NVJOTE   9.000    65.500 10/24/2024
Nine Energy Service Inc      NINE     8.750    41.421  11/1/2023
Nine Energy Service Inc      NINE     8.750    41.564  11/1/2023
Nine Energy Service Inc      NINE     8.750    41.324  11/1/2023
Nordstrom Inc                JWN      8.750   112.761  5/15/2025
OMX Timber Finance
  Investments II LLC         OMX      5.540     0.878  1/29/2020
Optimas OE Solutions
  Holding LLC / Optimas
  OE Solutions Inc           OPTOES   8.625    90.036   6/1/2021
Optimas OE Solutions
  Holding LLC / Optimas
  OE Solutions Inc           OPTOES   8.625    90.036   6/1/2021
Pride International LLC      VAL      6.875    18.000  8/15/2020
Pride International LLC      VAL      7.875    18.000  8/15/2040
Raymond James Financial      RJF      3.625   112.119  9/15/2026
Renco Metals Inc             RENCO   11.500    24.875   7/1/2003
Revlon Consumer Products     REV      6.250    38.890   8/1/2024
Rolta LLC                    RLTAIN  10.750     1.729  5/16/2018
SG Structured Products Inc   SOCGEN   4.550   100.000  4/28/2021
Sears Holdings Corp          SHLD     8.000     1.125 12/15/2019
Sears Holdings Corp          SHLD     6.625     2.859 10/15/2018
Sears Holdings Corp          SHLD     6.625     2.859 10/15/2018
Sears Roebuck Acceptance     SHLD     7.500     0.272 10/15/2027
Sears Roebuck Acceptance     SHLD     7.000     0.592   6/1/2032
Sears Roebuck Acceptance     SHLD     6.500     0.811  12/1/2028
Sears Roebuck Acceptance     SHLD     6.750     0.403  1/15/2028
Sempra Texas Holdings Corp   TXU      5.550    13.500 11/15/2014
Summit Midstream Partners    SMLP     9.500    62.500       N/A
TerraVia Holdings Inc        TVIA     5.000     4.644  10/1/2019
Transworld Systems Inc       TSIACQ   9.500    32.014  8/15/2021
Voyager Aviation Holdings
  LLC / Voyager Finance Co   VAHLLC   9.000    45.920  8/15/2021
Voyager Aviation Holdings
  LLC / Voyager Finance Co   VAHLLC   9.000    47.960  8/15/2021
Wells Fargo & Co             WFC      2.900    99.512  4/30/2021



                            *********

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
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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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On Thursdays, the TCR delivers a list of recently filed
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
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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
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2021.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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                   *** End of Transmission ***