/raid1/www/Hosts/bankrupt/TCR_Public/210722.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, July 22, 2021, Vol. 25, No. 202

                            Headlines

3052 BRIGHTON: Debtor Will Liquidate Property to pay Claims
ABAB CORP: Seeks to Employ Saldana Carvajal as Special Counsel
ABAB CORP: Seeks to Hire Charles A. Cuprill as Bankruptcy Counsel
ABAB CORP: Taps Luis R. Carrasquillo & Co. as Financial Consultant
ADAMIS PHARMACEUTICALS: Stockholders Pass All Proposals at Meeting

ADVANCED PLASTIX: Taps Adelstein & Kaliner as Bankruptcy Counsel
AEPC GROUP: Court Confirms Chapter 11 Plan
AIKIDO PHARMA: To Hold Annual Shareholders Meeting on Oct. 5
AIWA CORPORATION: Seeks Access to Cash Collateral
AJRANC INSURANCE: Claims to be Paid From Disposable Income

ALEX AND ANI: U.S. Trustee Says Disclosures Inadequate
AMSTERDAM HOUSE: Fine-Tunes Plan; Confirmation Hearing August 25
AMSTERDAM HOUSE: Wins Access to Cash Collateral
ANCHOR REEF: Taps Cohn Birnbaum & Shea as Special Counsel
ANNIE'S HOLDINGS: August 25 Plan & Disclosure Hearing Set

APOSTOLIC ASSEMBLIES: Voluntary Chapter 11 Case Summary
BAYTOWN MUNICIPAL: S&P Assigns Prelim BB Rating on Revenue Bonds
BIONIK LABORATORIES: Dr. Dusseux Resigns as CEO, Director
BLINK CHARGING: Elects Carmen Perez-Carlton to Board
BRIGHT MOUNTAIN: Provides Prelim Unaudited Q4 2020 Results

CBAV1 LLC: Court Approves Disclosure Statement
CCMW LLC: Case Summary & 4 Unsecured Creditors
CELLA III: Creditor Taps Henderson as Auctioneer
CHECKMATE COMMUNICATIONS: Court Confirms Modified Plan
CHIMNEY PASTURES: Seeks to Hire Baker & Associates as Legal Counsel

COSMOLEDO LLC: PPP Eligible Claimholders to Get $3MM in Plan
COUNCIL FOR AID: May Use Citibank's Cash Collateral Thru August 10
DATA STORAGE: Unveils Pricing of $8.3M Registered Direct Offering
DELTA AIR: S&P Affirms 'BB' ICR, Alters Outlook to Stable
DIFFENDAL-WELLIVER: Seeks to Hire CGA Law Firm as Legal Counsel

DIRECTV FINANCING: Moody's Rates New $3.1BB Secured Notes 'Ba3'
DOUBLE D GROUP: September 7 Plan & Disclosure Hearing Set
DURRIDGE COMPANY: Taps Huron Consulting as Valuation Expert
FCG ACQUISITIONS: Moody's Rates New Second Lien Term Loan 'Caa2'
FCG ACQUISITIONS: S&P Rates First-Lien Delayed-Draw Term Loan 'B-'

GATEWAY KENSINGTON: Taps Priolet & Associates as Special Counsel
GETWELL PHARMACY: Hearing Today on Cash Collateral Access
GI DYNAMICS: To Effect 1-for-1,000 Reverse Stock Split
GLOBAL COURIERS: Obtains Final Approval to Use Cash Collateral
GOLDEN OIL: Court Confirms Parent-Backed Plan

GORDON BROTHERS: Affiliate Wins Cash Collateral Access
HARLAN REAL: Gets OK to Hire Harris Law Practice as Legal Counsel
HENRY HOLDINGS: Moody's Puts B2 CFR Under Review for Upgrade
HERON DEVELOPMENT: Case Summary & 20 Largest Unsecured Creditors
HILLMAN SOLUTIONS: Fitch Assigns Final 'BB-' IDR, Outlook Stable

HILLTOP AT DIA: Seeks to Hire East-West Econometrics as Appraiser
IRIDIUM SATELLITE: S&P Rates New Credit Facilities 'BB-'
ISLAND VIEW: Trustee Taps KapilaMukamal as Tax Accountant
J. HUNTER: Wins Cash Collateral Access Thru Aug 31
JONES SODA: Plans Strategic Entry Into Cannabis Sector

KADMON HOLDINGS: U.S. FDA Grants Full Approval of REZUROCK
KRISJENN RANCH: Expects Sale Plan to Pay 100% to Unsecureds
LIDDLE & ROBINSON: Updates Stipulated Administrative Claims Details
LONG ISLAND CITY DEVELOPERS: Seeks to Hire B6 Real Estate as Broker
LSB INDUSTRIES: S&P Places 'CCC+' ICR on CreditWatch Positive

MOHEGAN GAMING: Unit Amends Credit Facilities With Bank of Montreal
MORE AUTOMOTIVE: Seeks to Hire Saldana Carvajal as Special Counsel
MORE AUTOMOTIVE: Taps Charles A. Cuprill as Bankruptcy Counsel
MORE AUTOMOTIVE: Taps Luis R. Carrasquillo as Financial Consultant
MOTT LLC: Seeks Approval to Hire Ag & Business as Legal Counsel

MTE HOLDINGS: Unsecureds to Split Litigation Proceeds in Plan
NATCHITOCHES MEDICAL: Wins Final Approval to Use Cash Collateral
NAVISTAR INT'L: Moody's Withdraws 'B2' Corp. Family Rating
NIEMAN PRINTING: Wins Access to Cash Collateral on Final Basis
O.P. INVESTMENT: Bank Makes Election, Plan Modified

OCEAN POWER: Incurs $14.8 Million Net Loss in Fiscal 2021
PACIFIC PANORAMA: Taps Resnik Hayes Moradi as Bankruptcy Counsel
PENN ENGINEERING: S&P Affirms 'B+' ICR on Low Leverage
POGO ENERGY: Sussman & Moore Represents Utility Companies
POWER SOLUTIONS: All Three Proposals Passed at Annual Meeting

POWER SOLUTIONS: Secures Additional $25M Loan From Weichai America
PURDUE PHARMA: AG Ferguson Files Objection to Bankruptcy Plan
PURDUE PHARMA: Toledo City Council Okays Future Settlement Money
QUANTUM VALVE: Taps Quilling Selander as Bankruptcy Counsel
RENNOVA HEALTH: Completes Reverse Stock Split

RGN-GROUP HOLDINGS: Liquidating SPE Unsecureds to Get 2.1% to 58.8%
RUSSO REAL ESTATE: Taps Peyco Southwest as Real Estate Broker
RVT INC: Unsecured Creditors to Receive 100% Under Plan
SALIENT CRGT: GovernmentCIO Deal Has No Impact Moody's Caa1 CFR
SALON PROZ: Wins Cash Collateral Access Thru Aug 31

SAMURAI MARTIAL: Seeks to Hire Baker & Associates as Legal Counsel
SEBSEN ELECTRIC: Seeks to Use Cash Collateral
SEBSEN ELECTRIC: TCMI's Ruediger Mueller Named as Trustee
SEQUA CORP: S&P Alters Outlook to Negative, Affirms 'CCC+' ICR
SOAS LLC: Wins Interim Use of Cash Collateral Thru August 15

SOUTH MOON: Unsecureds Will be Paid in Full Over 5 Years
SOVOS COMPLIANCE: S&P Assigns 'B-' ICR, Outlook Stable
SPICE MUST FLOW: Seeks Cash Collateral Access
TRINITAS CLO IX: Moody's Upgrades $30MM Cl. E Notes Rating to Ba3
TUG INC: Seeks to Employ Hinkle Law Firm as Bankruptcy Counsel

URGENT CARE PHYSICIAN: Seeks to Use BofA et al.'s Cash Collateral
UTC LABORATORIES: Seeks to Hire Agent Consulting as Bookkeeper
WAGYU 100: Amended Plan of Reorganization Confirmed by Judge
WARNER MUSIC: S&P Upgrades ICR to 'BB+' on Streaming Growth
WASHINGTON PRIME: Unsecured Claims Unimpaired Under Plan

WC HIRSHFELD: Seeks to Hire Friedman & Feiger as Special Counsel
WENTZVILLE PARKWAY: S&P Affirms 'BB+' Rating on 2019A Rev. Bonds
ZARAPHATH ACADEMY: Voluntary Chapter 11 Case Summary
[^] Recent Small-Dollar & Individual Chapter 11 Filings

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3052 BRIGHTON: Debtor Will Liquidate Property to pay Claims
-----------------------------------------------------------
3052 Brighton First, LLC, submitted a Third Amended Disclosure
Statement explaining its Chapter 11 Plan.

The Plan provides for the reorganization of the Debtor by
liquidating the real property and improvements thereon, commonly
known as and located at 3052/3062 Brighton 1st Street, Brooklyn,
New York 11235 (Block: 8669, Lot: 18) (the "Property"), the
proceeds of which shall be used to pay Claims, as more fully
described below and in the Plan.  The Proponents have communicated
with, and intends to engage Rosewood Realty Group (the "Broker") to
market and auction the Property (the "Sale") pursuant to 11 U.S.C.
Sec. 363 in order to obtain its highest and best price, in
accordance with applicable provisions of the Bankruptcy Code.  The
Sale shall be conducted following confirmation of the Plan, but
subject to certain conditions set forth in detail herein below and
in the Plan. Bid procedures will be the subject of a separate
motion and order.

In addition to proceeds from the Sale of the Properties, the
Proponents intend to commit cash presently held by the Receiver
(the "Receivership Funds") in order to pay all Statutory Fees,
Administrative Claims, the Other Secured Claims in Class 1 and
Class 4 in full on the Effective Date.

In the event that the Available Cash on the Effective Date is
insufficient to provide creditors of the Debtor's estate with the
distributions required to be made on the Effective Date, any
shortfall will be funded by the Proponents (by either reducing the
distribution to be made on account of the Proponents' Secured
Claims in Class 2 and/or Class 3, or through Cash to be provided
one or more of the Proponents) with any such shortfall funding
constituting an administrative claim against the Debtor's estate
payable from Cash after the Effective Date.

Under the Plan, Class 5 General Unsecured Claims total $56,143.
Each holder of an Allowed Class 5 General Unsecured Claim will
receive on account of such claim a pro rata distribution of
Available Cash after all payments to Class 1 Claims, the Class 2
Claim, the Class 3 Claim, and the Class 4 Claims, Statutory Fees
and Administrative Claims, with simple interest at the Federal
Judgment Rate per annum from the Petition Date, with principal
being paid in full prior to any payments being made on account of
such interest. Class 5 is impaired.

Attorneys for 3052 Brighton 1st Street II LLC & 3052 Brighton 1st
Street LLC:

     Jerold C. Feuerstein, Esq.
     Daniel N. Zinman, Esq.
     Stuart L. Kossar, Esq.
     KRISS & FEUERSTEIN LLP
     360 Lexington Avenue, Suite 1200
     New York, NY 10017
     (212) 661-2900

A copy of the Disclosure Statement dated July 14, 2021, is
available at https://bit.ly/3emzygU from PacerMonitor.com.

                    About 3052 Brighton First

3052 Brighton First, LLC, is a New York Limited Liability Company
having an address of 4403 15th Avenue, Brooklyn, New York 11219.
Its business consists of ownership and operating of the Property
located at 3052/3062 Brighton 1st Street, Brooklyn, New York 11235
(Block: 8669, Lot: 18).

3052 Brighton First, LLC, filed a Chapter 11 petition (Bankr.
E.D.N.Y. Case No. 20-40794) on Feb. 6, 2020.  Bruce Weiner, Esq.,
is the Debtor's counsel.


ABAB CORP: Seeks to Employ Saldana Carvajal as Special Counsel
--------------------------------------------------------------
ABAB Corporation seeks approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to hire Saldana, Carvajal & Velez-Rive,
P.S.C. as its special counsel.

The Debtor requires a special counsel to provide legal services
with regard to general matters, including employment law, civil and
commercial litigation.

The firm's hourly rates are as follows:

     Partners        $175 per hour
     Associates      $150 per hour
     Law Clerks      $125 per hour
     Paralegals      $75 per hour

Luis Saldana Roman, Esq., a principal at Saldana, Carvajal &
Velez-Rive, 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.

The firm can be reached at:

     Luis N. Saldana Roman, Esq.
     Saldana, Carvajal & Velez-Rive, P.S.C.
     166 Constitution Ave.
     San Juan, PR 00901
     Tel.: (787) 289-9250
     Fax: (787) 289-9253
     Email: lsaldana@scrvlaw.com

                      About ABAB Corporation

ABAB Corporation, doing business as Payless Car Rental, filed a
Chapter 11 petition (Bankr. D. P.R. Case No. 21-02140) on July 15,
2021.  At the time of the filing, the Debtor had between $1 million
and $10 million in both assets and liabilities. Alberic Colon
Solis, president, signed the petition.

Judge Enrique S. Lamouttee Inclan oversees the case.

Charles A. Cuprill P.S.C. Law Offices serves as the bankruptcy
counsel while Saldana, Carvajal & Velez-Rive, P.S.C. serves as the
special counsel. The Debtor's financial consultant is Luis R.
Carrasquillo & Co., P.S.C.


ABAB CORP: Seeks to Hire Charles A. Cuprill as Bankruptcy Counsel
-----------------------------------------------------------------
ABAB Corporation seeks approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to hire Charles A. Cuprill, P.S.C., Law
Office to serve as legal counsel in its Chapter 11 case.

The firm's hourly rates are as follows:

     Charles A. Cuprill-Hernández, Esq.       $350 per hour
     Paralegals                               $85 per hour
    
The Debtor paid $15,000 to the law firm as a retainer fee.

Charles Curpill-Hernandez, Esq., the firm's attorney who will be
providing the services, disclosed in a court filing that he is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Charles A. Curpill-Hernández, Esq.
     Charles A. Cuprill, P.S.C., Law Office
     356 Fortaleza St., Second Florr
     San Juan, PR 00901
     Tel.: 787-977-0515
     Fax: 787-977-0518
     Email: ccuprill@cuprill.com

                      About ABAB Corporation

ABAB Corporation, doing business as Payless Car Rental, filed a
Chapter 11 petition (Bankr. D. P.R. Case No. 21-02140) on July 15,
2021.  At the time of the filing, the Debtor had between $1 million
and $10 million in both assets and liabilities. Alberic Colon
Solis, president, signed the petition.

Judge Enrique S. Lamouttee Inclan oversees the case.

Charles A. Cuprill P.S.C. Law Offices serves as the bankruptcy
counsel while Saldana, Carvajal & Velez-Rive, P.S.C. serves as the
special counsel. The Debtor's financial consultant is Luis R.
Carrasquillo & CO., P.S.C.


ABAB CORP: Taps Luis R. Carrasquillo & Co. as Financial Consultant
------------------------------------------------------------------
ABAB Corporation seeks approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to hire Luis R. Carrasquillo & Co.,
P.S.C. as its financial consultant.

The Debtor needs a financial consultant to assist in the financial
restructuring of its affairs, advise on strategic planning, assist
in the preparation of a plan for reorganization, and participate in
the negotiation with creditors.

The firm's hourly rates are as follows:

     Luis R. Carrasquillo, Partner                          $175
per hour
     Marcelo Gutiérrez, Senior CPA                          $125
per hour
     Arnaldo Morales, Senior Accountant                     $100
per hour
     Carmen Callejas Echevarria, Senior Accountant          $90 per
hour
     Zoraida Delgado Diaz, Junior Accountant                $65 per
hour
     Enid Olmeda, Junior Accountant                         $45 per
hour
     Rosalie Hernandez Burgos, Administrative and Support   $35 per
hour
     Kelsei Lopez, Administrative and Support               $35 per
hour

The Debtor paid $12,000 to the firm as a retainer fee.

Luis Carrasquillo Ruiz, a principal at the 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.

The firm can be reached at:

     Luis R. Carrasquillo Ruiz, CPA
     Luis R. Carrasquillo & Co., P.S.C.
     28th St., Turabo Gardens Ave.
     Caguas, PR 00725
     Tel: 787-746-4555
     Fax: 787-746-4564
     Email: luis@cpacarrasquillo.com

                      About ABAB Corporation

ABAB Corporation, doing business as Payless Car Rental, filed a
Chapter 11 petition (Bankr. D. P.R. Case No. 21-02140) on July 15,
2021.  At the time of the filing, the Debtor had between $1 million
and $10 million in both assets and liabilities. Alberic Colon
Solis, president, signed the petition.

Judge Enrique S. Lamouttee Inclan oversees the case.

Charles A. Cuprill P.S.C. Law Offices serves as the bankruptcy
counsel while Saldana, Carvajal & Velez-Rive, P.S.C. serves as the
special counsel. The Debtor's financial consultant is Luis R.
Carrasquillo & CO., P.S.C.


ADAMIS PHARMACEUTICALS: Stockholders Pass All Proposals at Meeting
------------------------------------------------------------------
At the annual meeting of stockholders of Adamis Pharmaceuticals
Corporation, the stockholders:

   (1) elected Howard C. Birndorf, Roshawn A. Blunt, Dennis J.
       Carlo, Ph.D., David J. Marguglio, and Richard C. Williams
       to the board of directors to hold office until the 2022
       Annual Meeting of Stockholders, or until such person's
       successor is duly elected and qualified, or until such
       person's earlier resignation, death, or removal;;

   (2) approved, on a nonbinding advisory basis, the compensation
of
       the Company's named executive officers; and

   (3) ratified the selection of BDO USA, LLP, as independent
       registered public accounting firm for the year ending
       Dec. 31, 2021.

                    About Adamis Pharmaceuticals

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

Adamis reported a net loss of $49.39 million for the year ended
Dec. 31, 2020, compared to a net loss of $27.51 million for the
year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$30.87 million in total assets, $27.37 million in total
liabilities, and $3.50 million in total stockholders' equity.

San Diego, California-based BDO USA, LLP, the Company's auditor
since 2020, issued a "going concern" qualification in its report
dated April 15, 2021, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


ADVANCED PLASTIX: Taps Adelstein & Kaliner as Bankruptcy Counsel
----------------------------------------------------------------
Advanced Plastix, Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to hire Adelstein &
Kaliner, LLC to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     (a) giving the Debtor legal advice with respect to its powers
and duties in general and under the bankruptcy laws in particular;

     (b) assisting in the identification and prosecution of claims
and causes of action assertable by the Debtor, including but not
limited to, taking necessary action to avoid any liens against the
Debtor's property where appropriate, and representing the Debtor in
connection with proceeding to protect and reclaim the Debtor's
assets;

     (c) assisting in the examination of proofs of claim previously
filed and to be filed in the court and the possible prosecution of
objections to such claims;

     (d) preparing legal papers; and,

     (e) performing other necessary legal services for the Debtor.


The Debtor desired to employ the firm under a general retainer
based on time and standard billable charges.

Jon M. Adelstein, the firm's attorney who will be providing the
services, disclosed in a court filing that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Jon M. Adelstein, Esq.
     Adelstein & Kaliner, LLC
     3993 Huntingdon Pike, Suite 210
     Huntingdon Valley, PA 19006
     Tel.: (215) 230-4250
     Fax: (215) 230-4251

                       About Advanced Plastix

Advanced Plastix, Inc. filed a Chapter 11 petition (Bankr. E.D. Pa.
Case No. 21-11967) on July 15, 2021.  At the time of the filing,
the Debtor had between $100,0000 and $500,000 in both assets and
liabilities. Larry P. Campbell, president, signed the petition.
Judge Magdeline D Coleman oversees the case.  Adelstein & Kaliner,
LLC serves as the Debtor's legal counsel.


AEPC GROUP: Court Confirms Chapter 11 Plan
------------------------------------------
Judge Theodor C. Albert has entered an order approving and
confirming the Plan and each and all of the provisions therein and
modifications of AEPC Group, LLC.

A post-confirmation status conference will be held on November 3,
2021 at 10:00 a.m. in Courtroom 5B, 411 West Fourth Street, Santa
Ana, CA.

The Reorganized Debtor shall file a post-confirmation status report
at least 14 days prior to the post-confirmation status conference,
which shall be served on the United States Trustee, the twenty
largest unsecured creditors, and those parties who have requested
special notice.

All classes of claims that are impaired under the plan and entitled
to vote, Classes 1, 2, 3, 4, 5, accepted the Plan, exclusive of any
acceptance by a plan insider as required by 11 U.S.C. Sec.
1129(a)(10).

On the Effective Date, all ownership interests in AEPC shall be
deemed cancelled, released, and extinguished and the Reorganized
Debtor shall issue ownership interests in the Reorganized Debtor in
accordance with the Plan and Disclosure Statement and in accordance
with any applicable provisions of nonbankruptcy law.

General Reorganization Counsel to Debtor:

     JEFFREY S. SHINBROT, ESQ.
     JEFFREY S. SHINBROT, APLC
     15260 Ventura Blvd., Suite 1200
     Sherman Oaks, CA 91403
     Telephone: (310) 659-5444
     Fax (310) 878-8304
     E-mail: jeffrey@shinbrotfirm.com

                         About AEPC Group

AEPC Group, LLC is an Irvine, Calif.-based full-service,
multi-discipline architectural, engineering and construction
services firm with professional, technical and support personnel.

AEPC Group sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
20-11611) on June 4, 2020.  AEPC Group President Ed Ghalib signed
the petition.  At the time of the filing, the Debtor disclosed
total assets of $953,625 and total liabilities of $1,327,056.
Judge Theodor Albert oversees the case.  The Debtor has tapped
Jeffrey S. Shinbrot, APLC, as its legal counsel, and C.Y.G.
Financial Advisory Services as its investment banker.


AIKIDO PHARMA: To Hold Annual Shareholders Meeting on Oct. 5
------------------------------------------------------------
The Board of Directors of AIkido Pharma Inc. confirmed its
intention to hold the Company's 2021 Annual Meeting of Shareholders
on Tuesday, Oct. 5, 2021.  The time and location of the 2021 Annual
Meeting, and the matters to be considered, will be as set forth in
the Company's definitive proxy statement for the 2021 Annual
Meeting to be filed in due course with the Securities and Exchange
Commission.

Since the date of the 2021 Annual Meeting has been changed by more
than 30 days from the anniversary date of the Company's last annual
meeting of shareholders, the Company is informing shareholders of
this change and the updated deadline for shareholders to submit
nominations for director or proposals for consideration at the 2021
Annual Meeting in accordance with the rules and regulations of the
SEC and the Company's By-laws.  Accordingly, shareholders wishing
to nominate a candidate for director or to propose other business
at the 2021 Annual Meeting must ensure proper notice is received by
the Company at its offices no later than Aug. 2, 2021.  The notice
must include all of the information required by the Company's
By-laws.

                         About Aikido Pharma

Headquartered in New York, NY, Aikido Pharma Inc. fka Spherix
Incorporated -- http://www.spherix.com-- was initially formed in
1967 and is currently a biotechnology company seeking to develop
small-molecule anti-cancer therapeutics.  The Company's activities
generally include the acquisition and development of technology
through internal or external research and development.  In
addition, the Company seeks to acquire existing rights to
intellectual property through the acquisition of already issued
patents and pending patent applications, both in the United States
and abroad.  The Company may alone, or in conjunction with others,
develop products and processes associated with technology
development.  Recently, the Company has invested in and helped
develop technology with Hoth Therapeutics, Inc., DatChat, Inc. and
with its recent asset acquisition with CBM BioPharma, Inc. in
December 2019.

Aikido Pharma reported a net loss of $12.34 million for the year
ended Dec. 31, 2020, compared to a net loss of $4.18 million for
the year ended Dec. 31, 2019.  As of March 31, 2021, the Company
had $104.93 million in total assets, $559,000 in total liabilities,
and $104.37 million in total stockholders' equity.


AIWA CORPORATION: Seeks Access to Cash Collateral
-------------------------------------------------
Aiwa Corporation asked the Bankruptcy Court to authorize the use of
cash collateral, in which the Secured Creditor has interest,
through the week ending August 20, 2021, and to grant conditional
adequate protection to the Secured Creditor.  The Debtor is seeking
to use the cash collateral to pay operating expenses (including
salaries, fees owed to the U.S. Trustee, and restructuring
expenses), pursuant to the budget.

The budget provided for weekly disbursements, as follows:

    $44,367 for the week beginning July 11, 2021;

       $846 for the week beginning July 18, 2021;

       $454 for the week beginning July 25, 2021;

    $14,096 for the week beginning August 1, 2021;

    $16,800 for the week beginning August 8, 2021; and

     $2,900 for the week beginning August 15, 2021.

A copy of the budget, filed in Court with the proposed order, is
available for free at https://bit.ly/3hLX74R from PacerMonitor.com.


The Debtor's primary secured lenders, Fairlane Fund One, LP and
Fairlane Fixed Income Fund LLC (Original Lenders), on February 5,
2021, filed a lawsuit in the District Court for the 44th District
of Dallas County, Texas in order to collect on two promissory
notes.  The Original Lenders sought and obtained an order
appointing a receiver, Pascal Garbani, over the Debtor's assets.
The Receiver gave notice of a public sale of the Debtor's operating
assets, seeking the submission of bids by March 31, 2021.  

On March 24, 2021, the Original Lenders sold the Notes to the
Secured Creditor, an acquisition entity formed and controlled by
Mizari Enterprises, a competitor of the Debtor.  Thereafter, the
Secured Creditor, standing in the shoes of the Original Lenders,
directed the Receiver to postpone the public sale.  

The Debtor negotiated with an affiliate of Sakar International,
Inc. to pay off the Notes in full and provide the Debtor
substantial funds to allow it to pay other creditors.  On or about
May 20, 2021, Sakar signed the necessary agreements and placed them
in escrow along with $4.2 million in cash, an amount the Debtor
said is more than enough to pay-off the Notes, as well as the
Receiver's fees and expenses.  The Receiver, however, did not
consent to the Sakar Transaction or even provide a pay-off amount
saying that he could not do so without the Secured Creditor's
consent.

On June 7, 2021, the Receiver entered into an agreement (the Mizari
Transaction) to sell the Debtor's operating assets to the Secured
Creditor for $4.5 million and additional future payments totaling
$2.5 million in a private sale.  The Receiver did not inform Sakar
or any other prospective bidder of the proposed terms of sale in
the Mizari Transaction.  The Receiver also did not seek the input
on the proposed transaction from the Debtor or any of the Debtor's
stakeholders.  According to the Debtor, the Receiver did not seek
the requisite confirmation of the sale from the Texas Court until
after the Debtor sought to challenge the proposed sale.

The Secured Creditor asserted a payoff amount for the Secured
Obligations for approximately $4.05 million, for principal and
interest.  Because the Mizari Transaction was never confirmed by
the Texas Court, at the time of the bankruptcy filing, the
operating assets became assets of the Debtor's bankruptcy estate,
subject to the lien of the Secured Creditor.

The Debtor believes that in an open auction, the operating assets
will yield in excess of the amount offered by the Secured Creditor
in the Mizari Transaction.  Consequently, the operating assets
provide the Secured Creditor with a substantial equity cushion that
will adequately protect the Secured Creditor from any diminution in
the value of its collateral relating to the proposed use of cash
collateral.

Moreover, to the extent that the Court determines that the Secured
Creditor is the present owner of the Operating Assets, the Debtor
proposed to grant the Secured Creditor (i) the proposed net cash
replacement lien; and (ii) junior liens on prepetition and
postpetition property, subject to any existing lien to secure an
obligation to repay any of the cash collateral that is used by the
Debtor.

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

The Court will consider the request at a hearing on July 22, 2021
at 9 a.m., via telephone or Zoom video conference.

                      About Aiwa Corporation

Chicago-based Aiwa Corporation -- https://aiwa.co/ -- f/k/a Hale
Devices, Inc. is a consumer electronics brand that manufactures
audio equipment.

Aiwa Corporation sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 21-07762) on June 22, 2021.  In the petition signed by CEO
Joseph J. Born, Aiwa estimated total assets of $1,764,887 and total
liabilities of $5,818,251.  The case is handled by the Honorable
Deborah L. Thorne.  Jeremy C. Kleinman, of FrankGecker LLP, is the
Debtor's counsel.  William Avellone was appointed as the Debtor's
Subchapter V Trustee.


AJRANC INSURANCE: Claims to be Paid From Disposable Income
----------------------------------------------------------
AJRANC Insurance Agency, Inc. and Nine Family Circle Holdings,
Inc., submitted a Second Amended Plan of Reorganization.

This Plan of Reorganization under chapter 11 of the Bankruptcy Code
proposes to pay creditors of AJRANC, Nine Family, and Borruso from
their net disposable income.
U
nder the Plan, Class 5a All non-priority unsecured claims against
AJRANC total $3,299,000.  Every holder of a non-priority unsecured
claim against AJRANC shall receive its pro-rata share of the
Debtor's projected disposable income as defined by Section 1191(d)
of the Bankruptcy Code.  Payments shall be made on a quarterly
basis over a period of 5 years, commencing three months after the
Effective Date.  Class 5a is impaired.

Class 5b All non-priority unsecured claims against Nine Family
total $2,085,197.84. Every holder of a non-priority unsecured claim
against Nine Family shall receive its pro-rata share of the
Debtor's projected disposable income as defined by Section 1191(d)
of the Bankruptcy Code.  Payments shall be made on a quarterly
basis over a period of 5 years, commencing three months after the
Effective Date. Class 5b is impaired.

Attorneys for the Debtors:

     Scott A. Stichter
     Stichter Riedel Blain & Postler, P.A.
     110 East Madison Street, Suite 200
     Tampa, Florida 33602
     Tel: (813) 229-0144
     E-mail: sstichter@srbp.com

A copy of the Disclosure Statement dated July 14, 2021, is
available at https://bit.ly/3rbCP8e 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.


ALEX AND ANI: U.S. Trustee Says Disclosures Inadequate
------------------------------------------------------
Andrew R. Vara, the United States Trustee for Region 3, objects to
Alex and Ani, LLC, et al.' motion for entry of an order approving
The Adequacy of the Disclosure Statement.

The U.S. Trustee points out that the Disclosure Statement in its
present form does not satisfy the adequate information standard of
11 U.S.C. Sec. 1125 and should not be approved.  The Disclosure
Statement was filed without a liquidation analysis or any
supporting financial disclosures.  The Disclosure Statement does
not provide adequate information concerning the Plan's feasibility
or whether the Plan will pay to the creditors not less than they
would receive if the case were a case under Chapter 7 of the
Bankruptcy Code. For these reasons, the United States Trustee urges
that the Court deny approval of the Disclosure Statement and
require its amendment so that adequate information is provided to
voters as required by 11 U.S.C. Sec. 1125.  

Moreover, the U.S. Trustee notes that the Plan also seeks a
discharge in the event that substantially all assets of the
Debtors' are sold.  Liquidating debtors are not entitled to a
discharge.  The Plan is also contrary to the ruling in In re Emerge
Energy Services, 2019 WL 7634308 (Bankr. DE 2019), which held that
creditors be given the choice to opt-in to proposed third-party
releases rather than be required to object or opt out of proposed
third-party releases.  The United States Trustee also urges that
certain problematic aspects of the Plan be addressed at this time,
so that the various requirements of 11 U.S.C. Sec. 1129 may be
satisfied if the Debtors obtain the necessary acceptances from
those who cast votes on the Plan.

                         About Alex and Ani

Founded in 2004 by Carolyn Rafaelian, Alex and Ani, LLC --
http://www.alexandani.com/-- has become a premier jewelry brand,
quickly gaining popularity because of the novel and customizable
nature of its signature expandable wire bracelet. Alex and Ani has
been headquartered in East Greenwich, R.I. since 2014. Since
opening its first retail store in Newport, R.I. in 2009, Alex and
Ani has expanded to over 100 retail store locations across the
United States, Canada and Puerto Rico.

Alex and Ani and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 21-10918) on June 9, 2021.  Robert
Trabucco, chief restructuring officer, signed the petitions.  At
the time of the filing, the Debtors had between $100 million and
$500 million in both assets and liabilities. Judge Craig T.
Goldblatt oversees the cases.

The Debtors tapped Kirkland & Ellis LLP as bankruptcy counsel,
Klehr Harrison Harvey Branzburg LLP as local counsel, Katten Muchin
Rosenman LLP as special counsel, and Portage Point Partners, LLC as
financial advisor and investment banker. Kurtzman Carson
Consultants LLC is the claims agent and administrative advisor.


AMSTERDAM HOUSE: Fine-Tunes Plan; Confirmation Hearing August 25
----------------------------------------------------------------
Amsterdam House Continuing Care Retirement Community, Inc. d/b/a
The Amsterdam at Harborside submitted a Disclosure Statement for
First Amended Plan of Reorganization on July 19, 2021.

A hearing to consider confirmation of the Plan is scheduled for
August 25, 2021 at 9:30 a.m., before the Honorable Alan S. Trust,
United States Bankruptcy Judge.

Pursuant to the Plan Support Agreement, the Plan is currently
supported by Holders of approximately 73% of the Bond Claims.

The Debtor believes that the Plan, which is the result of
extensive, arm's-length negotiations among (i) the Debtor, (ii) the
Member, (iii) UMB Bank, N.A., as both the 2014 Bond Trustee and the
successor bond trustee and successor master trustee, and (iv) the
Holders of approximately 73% of the Bond Claims (the "Consenting
Holders"), provides the Debtor with a long-term resolution of its
financial issues, compliance with all applicable New York State law
and regulations, ability to fulfill its charitable mission and
wherewithal to honor its commitments to its residents. In
particular, the Debtor, the Member, and the Consenting Holders have
agreed to the terms of a Plan Support Agreement together with a
refinancing of the Debtor's bond obligations.

Class 1 consists of all Allowed Other Priority Claims against the
Debtor. Each such Holder shall receive, in full satisfaction of
such Allowed Other Priority Claim, Cash in an amount equal to such
Allowed Other Priority Claim, on or as soon as reasonably
practicable after the later of (i) the Effective Date; (ii) the
date the Other Priority Claim becomes an Allowed Claim; or (iii)
the date for payment provided by any agreement or arrangement
between the Debtor and the Holder of the Allowed Other Priority
Claim against the Debtor.

Class 2 consists of all Other Secured Claims against the Debtor.
Each Holder of an Allowed Other Secured Claim shall receive, at the
sole and exclusive option of the Reorganized Debtor: (a) Cash equal
to the amount of such Claim; (b) the collateral securing its
Allowed Other Secured Claim, (c) Reinstatement of its Allowed Other
Secured Claim, or (d) such other treatment that renders its Allowed
Other Secured Claim Unimpaired in accordance with section 1124 of
the Bankruptcy Code.

Class 3 consists of the Bond Claims against the Debtor. The Bond
Claims are Allowed and shall be treated as follows: (i) Bond Claims
on account of the 2014 A Bonds are Allowed in the aggregate amount
of $144,867,580.48, (ii) Bond Claims on account of the 2014 B Bonds
are Allowed in the aggregate amount of $1,566,999.86, (iii) Bond
Claims on account of the 2014 C Bonds are Allowed in the aggregate
amount of $67,876,572.19.

Class 4 consists of all General Unsecured Claims against the
Debtor, including Rejection Damage Claims. On the Effective Date or
as soon as reasonably practicable thereafter, the Debtor will pay
an amount equal to fifteen percent of the Allowed amount of such
Class 4 Claim, in each case subject to all defenses or disputes the
Debtor may assert as to the validity or amount of such Claims.
Accordingly, Class 4 Claims are Impaired.

Class 5 consists of all claims for refunds of entrance fees
pursuant to Residency Agreements and applicable New York State law
that are presently due and owing as of the Effective Date. Each
Holder of an Allowed Resident Refund Claim shall receive payment in
the full face amount of such Class 5 Claim but shall not receive
interest. Class 5 Claims are Impaired.

Class 6 consists of all Intercompany Claims against the Debtor,
including those of the Member. All Intercompany Claims shall, at
the option of the Debtor in consultation with the Member, the 2014
Bond Trustee, and the Creditors' Committee, either be reinstated or
extinguished without distribution, provided that the Claims under
the Subvention Certificate shall be reinstated but such Claims
shall at all times shall be subordinate to obligations relating to
the Series 2021 Bonds as further evidenced by an acceptable
subordination agreement.

Class 7 consists of Interests of the Debtor. On the Effective Date,
Interests of the Debtor shall be Reinstated, and holders of such
Interests shall retain such Interests.

Upon the Effective Date, pursuant to that certain Member
Contribution Agreement by and between the Debtor and the Member
dated June 14, 2021 (the "Member Contribution Agreement"), the
Member will contribute $9.0 million (the "Member Contribution") to
the Debtor to be used to meet Plan obligations. Approximately $3.6
million of this contribution will be funded from excess proceeds
from the sale of land purchased with proceeds from a pre-existing
HEAL Grant. The availability of the Member Contribution, including
any required regulatory approval, is a Condition Precedent to the
Effective Date.

Proposed Counsel to the Debtor:

     Thomas R. Califano
     William E. Curtin
     Shafaq Hasan
     SIDLEY AUSTIN LLP
     787 Seventh Avenue
     New York, New York 10019
     Tel: (212) 839-5300
     Fax: (212) 839-5599
     Email: tom.califano@sidley.com
            wcurtin@sidley.com
            shafaq.hasan@sidley.com

     Jackson T. Garvey
     SIDLEY AUSTIN LLP
     One South Dearborn
     Chicago, IL 60603
     Tel: (312) 853-7000
     Fax: (212) 853-7036
     Email: jgarvey@sidley.com

                About Amsterdam House Continuing Care

Amsterdam House Continuing Care Retirement Community, Inc. (doing
business as The Amsterdam at Harborside) operates Nassau County's
first and only continuing care retirement community licensed under
Article 46 of the New York Public Health Law, which provides
residents with independent living units, enriched housing and
memory support services, comprehensive licensed skilled nursing
care, and related health, social, and quality of life programs and
services.

Amsterdam House Continuing Care Retirement Community filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 21-71095) on June 14, 2021. James
Davis, president and chief executive officer, signed the petition.
At the time of the filing, the Debtor had between $100 million and
$500 million in both assets and liabilities.

Judge Louis A. Scarcella oversees the case.

The Debtor tapped Sidley Austin, LLP as legal counsel and RBC
Capital Markets, LLC as investment banker.  Kurtzman Carson
Consultants, LLC is the Debtor's claims and noticing agent and
administrative advisor.


AMSTERDAM HOUSE: Wins Access to Cash Collateral
-----------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York has
authorized Amsterdam House Continuing Care Retirement Community
Inc., d/b/a The Amsterdam at Harborside, to use cash collateral in
which UMB Bank, N.A., as 2014 Bond Trustee has an interest, on a
final basis.

The Debtor has requested the use of Cash Collateral in connection
with the Chapter 11 Case to preserve the value of its business.

The Debtor is obligated to the 2014 Bond Trustee for the benefit of
the beneficial holders of the tax-exempt Series 2014 Bonds,
authorized and issued by Nassau County Industrial Development
Agency. The 2014 Issuer issued (1) Continuing Care Retirement
Community Fixed Rate Revenue Bonds (Amsterdam at Harborside
Project) Series 2014A, (2) Continuing Care Retirement Community
Fixed Rate Revenue Bonds (Amsterdam at Harborside Project) Series
2014B and (3) Continuing Care
Retirement Community Excess Cash Flow Revenue Bonds (Amsterdam at
Harborside Project) Series 2014C pursuant to the Indenture of Trust
dated as of November 1, 2014, as amended by the First Amendment to
Indenture of Trust dated January 22, 2020.

In connection with the issuance of the Series 2014 Bonds, the 2014
Issuer and the Debtor entered into that certain Installment Sale
Agreement dated as of November 1, 2014, as amended by the First
Amendment to the Installment Sale Agreement dated as of January 22,
2020 to further the consummation on November 13, 2014 of the
restructuring transactions effectuated pursuant to the Debtor's
Amended Plan of Reorganization Under Chapter 11 of the Bankruptcy
Code in its prior chapter 11 case captioned Amsterdam House
Continuing Care Retirement Community, Inc.

As security for its obligations under the Installment Sale
Agreement, the Debtor granted the 2014 Bond Trustee a security
interest against the Mortgaged Property  and a security interest
against substantially all of the Debtor’s assets pursuant to that
Mortgage, Assignment of Lease and Rents and Security Agreement
dated November 1, 2014 and the Trust Estate (as defined in the 2014
Indenture) pursuant to the 2014 Indenture.

In addition, under the terms of the Bond Documents, certain
accounts were established and are held by the 2014 Bond Trustee,
including, but not limited to the following funds, each as defined
in the Bond Documents: the Bond Fund, the Project Fund, the Revenue
Fund, the Debt Service Reserve Fund, the Operating Reserve Fund,
and the Entrance Fee Fund. As of the Petition Date, the
Trustee-Held Funds totaled approximately $5,304,000.

As of the Petition Date, the amounts due and owing by the Debtor
with respect to the Series 2014 Bonds and the obligations under the
Bond Documents are:

     a. Unpaid principal on the Series 2014 Bonds (including
accreted value on the Series 2014C Bonds) in the amount of
$207,793,702.19;

     b. Accrued but unpaid interest on the Series 2014 Bonds in the
amount of $6,517,450.35 as of June 14, 2021; and

     c. unliquidated, accrued and unpaid fees and expenses of the
2014 Bond Trustee and its professionals incurred through the
Petition Date. The amounts, when liquidated, will be added to the
aggregate amount of the Bond Claim.

As adequate protection for the Debtor's use of cash collateral, the
2014 Bond Trustee will have a valid, perfected, and enforceable
replacement lien and security interest in (i) all assets of the
Debtor existing on or after the Petition Date of the same type as
the Prepetition Bond Collateral, together with the proceeds, rents,
products, and profits thereof, whether acquired or arising before
or after the Petition Date, to the same extent, validity,
perfection, enforceability, and priority of the liens and security
interests of the 2014 Bond Trustee as of the Petition Date; and
(ii) all other assets of the Debtor of any kind or nature.

As additional adequate protection for any Diminution, and solely to
the extent of any Diminution, the 2014 Bond Trustee will have a
superpriority administrative expense claim pursuant to Section
507(b) of the Bankruptcy Code with recourse to and payable from any
and all assets of the Debtor's estate, including but not limited to
rights of the Debtor, choses in action, or claims of any kind
whatsoever, choate or inchoate, present or residual, other than
Avoidance Actions.

A copy of the order and the Debtor's budget is available for free
at https://bit.ly/3kwIcxk from Kurtzman Carson Consultants, claims
agent.

The Debtor projects $666,000 in total cash receipts and $619,650
for the week ending July 24.

                       About Amsterdam House

Amsterdam House Continuing Care Retirement Community Inc., d/b/a
The Amsterdam at Harborside, operates Nassau County's first and
only continuing care retirement community licensed under Article 46
of the New York Public Health Law, which provides residents with
independent living units, enriched housing and memory support
services, comprehensive licensed skilled nursing care, and related
health, social, and quality of life programs and services.

The Debtor filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No.
21-71095) on June 14, 2021.  At the time of filing, the Debtor
estimated $100 million to $500 million in assets and liabilities.
The Hon. Louis A. Scarcella oversees the case.  Sidley Austin LLP
is the Debtor's counsel.  Kurtzman Carson Consultants LLC is the
Debtor's claims and noticing agent.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. serves as
counsel for UMB Bank, N.A., 2014 Bond Trustee.



ANCHOR REEF: Taps Cohn Birnbaum & Shea as Special Counsel
---------------------------------------------------------
Anchor Reef Club at Branford, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Connecticut to hire Cohn
Birnbaum & Shea, P.C. as special counsel.

The Debtor needs the firm's legal advice on real estate and
environmental law to complete the sale of its real property in
Branford, Conn.

The firm's hourly rates are as follows:

     Partners     $420 per hour
     Associates   $240 per hour
     Paralegals   $200 per hour

The Debtor paid $10,000 to the law firm as a retainer fee.

Douglas Pelham, Esq., a principal at Cohn Birnbaum & Shea,
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.

The firm can be reached at:

     Douglas S. Pelham, Esq.
     Cohn Birnbaum & Shea P.C.
     100 Pearl Street
     Hartford, Connecticut 06103-4500
     Tel: 860-493-2261
     Cell: 860-916-5061
     Fax: 860-727-0361
     Email: dpelham@cbshealaw.com
     
                 About Anchor Reef Club at Branford

Anchor Reef Club at Branford, LLC, a company based in Westlake
Village, Calif., filed a Chapter 11 petition (Bankr. D. Conn. Case
No. 17-21080) on July 19, 2017.  In the petition signed by Albert
Nassi, manager of the member, the Debtor estimated $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.

The Hon. James J. Tancredi presides over the case.

Coan Lewendon Gulliver & Miltenberger, LLC, and Cohn Birnbaum &
Shea P.C. serve as the Debtor's bankruptcy counsel and special
counsel, respectively.


ANNIE'S HOLDINGS: August 25 Plan & Disclosure Hearing Set
---------------------------------------------------------
On July 15, 2021, debtor Annie's Holdings, LLC, filed with the U.S.
Bankruptcy Court for the Middle District of Florida a Disclosure
Statement and Plan.

On July 19, 2021, Judge Jerry A. Funk conditionally approved the
Disclosure Statement and ordered that:

     * August 25, 2021, at 10:30 a.m., in 4th Floor Courtroom D,
300 North Hogan Street, Jacksonville, Florida is the hearing on
final approval of the disclosure statement and for the hearing on
confirmation of the plan.

     * Creditors and other parties in interest shall file with the
court their written ballots accepting or rejecting the Plan no
later than 10 days before the date of the Confirmation Hearing.

     * Any objections to Disclosure or Confirmation shall be filed
and served 7 days before the date of the Confirmation Hearing.

A copy of the order dated July 19, 2021, is available at
https://bit.ly/2VXdQtD from PacerMonitor.com at no charge.

Attorneys for Debtor:

     Richard A. Perry, Esq.
     Richard A. Perry, P.A.
     820 East Fort King Street
     Ocala, FL 34471-2320
     Telephone: (352) 732-2299
     Email: richard@rapocala.com

                       About Annie's Holdings

Annie's Holdings, LLC, a Belleview, Fla.-based limited liability
company, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Case No. 20-02628) on Sept. 3, 2020.  At the time
of the filing, the Debtor had estimated assets of between $500,001
and $1 million and liabilities of the same range.  Richard A. Perry
P.A. is the Debtor's legal counsel.


APOSTOLIC ASSEMBLIES: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Apostolic Assemblies of Jesus Christ Inc.
        1028 E. 10th Street
        Jacksonville, FL 32206

Chapter 11 Petition Date: July 21, 2021

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 21-01793

Debtor's Counsel: Eric McKay, Esq.
                  THE LAW OFFICES OF ERIC N. MCKAY
                  3948 3rd St S Ste 297
                  Jacksonville Beach, FL 32250
                  Tel: (904) 651-8256
                  Email: eric@ericmckaylaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jerry Brand, 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/U7CV6ZY/Apostolic_Assemblies_of_Jesus__flmbke-21-01793__0001.0.pdf?mcid=tGE4TAMA


BAYTOWN MUNICIPAL: S&P Assigns Prelim BB Rating on Revenue Bonds
----------------------------------------------------------------
S&P Global Ratings assigned a 'BBB-' preliminary rating to the
proposed $18.56 million first-lien revenue bonds and a 'BB'
preliminary rating to the proposed $14.38 million second-lien
revenue bonds on the Baytown Municipal Development District (BMDD),
a political subdivision of the state of Texas and the City of
Baytown. The outlook is stable.

S&P said, "Our investment-grade preliminary rating for the
first-lien bonds reflects our view of a relatively simple
construction difficulty and sufficient liquidity to cover
construction costs, as well as strong debt service coverage ratios
and robust liquidity protections during the operational phase,
together with an important resiliency under different downside
stresses.

"The project benefits from a construction delay contingency reserve
that would support a six month construction delay. We view this as
credit supportive, considering that this is a small hotel with no
particular complexities identified."

In operations, the hotel will be fully exposed to volume risk and
will compete with neighboring hotels to attract convention,
business and leisure travel. To reflect this risk S&P has assigned
an operations phase business assessment which is on the higher end
of risk relative to rated peer hotels, as some rated convention
center hotels have strong city support in the form of annual
contributions. The Denver Convention Center Authority, for example,
has city contributions that averages around 56% of debt service
over the life of the debt.

For projects fully exposed to volume risk, the coverage ratios
required to reach an investment grade outcome are higher. We expect
relatively robust debt service coverage ratios (DSCRs) with an
expected minimum DSCR of 2.4x based upon our assumptions, which
mitigates the risks of operating hotels that are sensitive to
recessionary risk and, more recently, pandemics. Resiliency
stresses in our downside financial forecast also show strength, in
which the project would need to achieve RevPar levels of around $15
for more than 3 years in order to default. This is due to low
senior leverage and strong liquidity protections that include a
fully funded senior debt service reserve account with 1 year of
debt service and upsized to 2.5 years of debt service with
operating cash flows.

The 'BB' rating on the second-lien bonds follows the same
rationale, but with lower DSCRs (a minimum of around 1.35x based
upon our assumptions) given its subordination to the first-lien
bonds.

A presale report with the rationale behind the assigned ratings
will be published after this research update.

S&P said, "The stable outlook reflects our expectations that the
Baytown Convention Center and Hotel Project construction will be
performed on time and within budget given the experienced
constructor and a reasonable construction schedule, with an opening
date in February 2023. We believe the $840,000 contingency reserve
covering a six-month construction delay provides protection for the
construction phase.

"Once the hotel becomes operational by 2023, we expect a four-year
ramp-up period to achieve a stable occupancy rate of around 65% and
a RevPAR of around $104 (escalating at 2% thereafter) that should
result in a minimum DSCR of around 2.4x for the first-lien bonds
and 1.35x for the second-lien bonds.

"During the construction phase, we could lower the rating if the
construction schedule is materially delayed, or if the construction
counterparty's credit quality weakens. During operations, we could
lower the rating if the hotel cannot attract demand in line with
our forecast occupancy levels or if pricing needs to be materially
reduced, resulting in a projected minimum DSCR below 2.2x for the
first-lien bonds or around 1.25x for the second-lien bonds. With
our assumed stabilized average daily rate (ADR) of around $160 by
2026, a DSCR of below 2.2x would occur if occupancy levels do not
surpass 60%.

"A higher rating is not likely during construction because our
construction period stand-alone credit profile is constrained by
the assessment of the construction risk and creditworthiness on the
construction contractor with insufficient liquidity for replacement
without materially affecting construction timing and budget. During
operations, we could consider a higher rating if the project is
able to demonstrate a track record of senior DSCRs approaching 3x
range and a subordinate DSCR above 1.5x while maintaining liquidity
and a strong resilience under our downside scenario."



BIONIK LABORATORIES: Dr. Dusseux Resigns as CEO, Director
---------------------------------------------------------
Dr. Eric Dusseux has resigned as chief executive officer and
stepped down from the Board of Directors of BIONIK Laboratories
Corp., to pursue an opportunity outside the rehabilitation robotic
device industry.  The resignation was effective as of July 14,
2021.  

Rich Russo Jr., BIONIK's current chief financial officer, will
assume the role of interim CEO.  The Board has begun a search for
Dr. Dusseux's successor.

"This was a difficult decision that I reached after much
reflection. It has been a privilege working as CEO,
shoulder-to-shoulder with the best team in the business since
September 2017.  I am proud of all we have accomplished together to
serve our patients and clients. I want to thank the team and the
Board of Directors for their support," said Dr. Dusseux.

Andre Auberton-Herve, Chairman of the Board, said, "On behalf of
the Board, we thank Eric for his service and many accomplishments
during his tenure as CEO, particularly during the COVID-19
pandemic.  The company has made great strategic, commercial and
operational progress under Eric's leadership.  We wish Eric the
very best."

"Eric has assembled a talented and highly capable leadership team,
including Rich Russo who will step in as Interim CEO," Auberton
added.  "This will ensure continuity while we conduct a search for
a permanent replacement."

                     About BIONIK Laboratories

BIONIK Laboratories -- http://www.BIONIKlabs.com-- is a robotics
company focused on providing rehabilitation and mobility solutions
to individuals with neurological and mobility challenges from
hospital to home.  The Company has a portfolio of products focused
on upper and lower extremity rehabilitation for stroke and other
mobility-impaired patients, including three products on the market
and three products in varying stages of development.

Bionik Laboratories reported a net loss and comprehensive loss of
$13.62 million for the year ended March 31, 2021, compared to a net
loss and comprehensive loss of $25.02 million for the year ended
March 31, 2020.  As of March 31, 2021, the Company had $8.79
million in total assets, $5.51 million in total liabilities, and
$3.28 million in total stockholders' equity.

Toronto, Canada-based MNP LLP, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated June 24,
2021, citing that he Company has experienced losses and has a
working capital deficiency and an accumulated deficit.  These
conditions, along with other matters, raise substantial doubt about
Company's ability to continue as a going concern.


BLINK CHARGING: Elects Carmen Perez-Carlton to Board
----------------------------------------------------
Carmen M. Perez-Carlton was elected to Blink Charging Co.'s Board
of Directors and was appointed to be the Chair of its new
Environmental, Social and Governance (ESG) Committee effective July
20, 2021.

Ms. Perez-Carlton, 60, has been a member of the Board of Directors
of Uniti Group Inc., a publicly-traded real estate investment trust
(REIT) focused on the acquisition, construction and operation of
mission-critical communications infrastructure, since October 2019.
She also serves as a member and a financial expert of Uniti's
Audit Committee and as a member of Uniti's Governance Committee.
Ms. Perez-Carlton most recently served as an independent advisor
for Crown Castle, Inc., a publicly-traded fiber infrastructure
REIT, providing input and strategic guidance on matters related to
mergers and acquisitions, strategy and business development
opportunities, from January 2017 to July 2019.

Previously, she served as president of FPL FiberNet, LLC from 2007
until it was acquired by Crown Castle in January 2017.  Ms.
Perez-Carlton also served as vice president, Sales and Marketing
and Director, Finance & Accounting with FPL FiberNet, LLC from
March 2004 to January 2007.  Prior to FPL FiberNet, LLC, Ms.
Perez-Carlton served as Assistant Controller and Director, Revenue
and Recovery for Florida Power & Light Co.  She started her career
as an Audit Manager with Deloitte.  Ms. Perez-Carlton holds a B.A.
degree in Accounting from Florida International University and is a
Certified Public Accountant (inactive status).  Ms. Perez-Carlton
has served on multiple non-profit organization's boards and was
recognized in 2013 by Capacity Media as one of the top ten women in
the telecommunications industry.

Ms. Perez-Carlton's operational, management, financial and
accounting expertise gained through her long tenure as a senior
executive in the telecommunications industry make her well
qualified to be a member of the Board.  As a result of this
expertise and experience, especially as President of FPL FiberNet,
LLC until its sale in January 2017, Ms. Perez-Carlton is uniquely
qualified to advise on the Company's growth strategies and M&A
activities.

During the last two years, there have been no transactions or
proposed transactions by the Company in which Ms. Perez-Carlton has
had or is to have a direct or indirect material interest, and there
are no family relationships between Ms. Perez-Carlton and any of
its executive officers or other directors.

The Company's Board of Directors has determined that Ms.
Perez-Carlton is "independent," as independence is defined in the
listing rules for the Nasdaq Stock Market.

With Ms. Perez-Carlton, the Company's Board of Directors currently
consists of eight members.

                        About Blink Charging

Based in Miami Beach, Florida, Blink Charging Co. (OTC: CCGID)
f/k/a Car Charging Group Inc. -- http://www.CarCharging.com-- is
an owner and operator of electric vehicle charging stations in the
United States and a growing presence in Europe, Asia, Israel, the
Caribbean, and South America.  The Blink Network utilizes
proprietary cloud-based software that operates, maintains, and
tracks the EV charging stations connected to the network, along
with the associated charging data.  The Company has established
key
strategic partnerships to roll out adoption across numerous
location types, including parking facilities, multifamily
residences and condos, workplace locations, health care/medical
facilities, schools and universities, airports, auto dealers,
hotels, mixed-use municipal locations, parks and recreation areas,
religious institutions, restaurants, retailers, stadiums,
supermarkets, and transportation hubs.

Blink Charging reported a net loss of $17.85 million for the year
ended Dec. 31, 2020, compared to a net loss of $9.65 million for
the year ended Dec. 31, 2019.  As of March 31, 2021, the Company
had $251.94 million in total assets, $8.77 million in total
liabilities, and $243.17 million in total stockholders' equity.


BRIGHT MOUNTAIN: Provides Prelim Unaudited Q4 2020 Results
----------------------------------------------------------
Bright Mountain Media, Inc. provided preliminary revenue results
for the fourth quarter ended Dec. 31, 2020.

The Company expects total revenues for the fourth quarter of 2020
to be at least $6.6 million, representing growth of 112% when
compared to revenues of $3.1 million in the fourth quarter of 2020.
The increase in revenue was primarily due to continued platform
growth, including from the acquisition of the Company's publishing
division Wild Sky Media.

Revenues for the fourth quarter ended Dec. 31, 2020 were in line
with the Company's previously announced preliminary full year 2020
financial results of approximately $16 million, an estimated 130%
increase as compared to revenue of $7.0 million in the previous
year.

Final recognized revenue is subject to Bright Mountain Media's
quarterly and year-end review and will be released with the
Company's unaudited financial statements and related 10-K report.
Bright Mountain Media anticipates filing its 2020 Form 10-K later
this month, which will be followed by its subsequent quarterly
filings and application to relist to the OTCQB exchange.

"The expected revenue growth in the fourth quarter of 2020
demonstrates the successful integration of Wild Sky Media and the
success of our leading end-to-end digital media and advertising
services platform," said Kip Speyer, chairman and chief executive
officer of Bright Mountain Media.  "We continue to work diligently
to complete our year end 2020 financials and file our 10-K later
this month."

                      About Bright Mountain

Based in Boca Raton, Fla., Bright Mountain Media, Inc. --
www.brightmountainmedia.com -- is an end-to-end digital media and
advertising services platform, efficiently connecting brands with
targeted consumer demographics.  In addition to its corporate
website, the Company owns and/or manages 24 websites which are
customized to provide its niche users, including active, reserve
and retired military, law enforcement, first responders and other
public safety employees with products, information and news that
the Company believes may be of interest to them. The Company also
owns an ad network which was acquired in September 2017.

Bright Mountain reported a net loss of $3.40 million for the year
ended Dec. 31, 2019, compared to a net loss of $5.22 million for
the year ended Dec. 31, 2018. As of Sept. 30, 2020, the Company had
$42.77 million in total assets, $29.92 million in total
liabilities, and $12.85 million in total shareholders' equity.

EisnerAmper LLP, in Iselin, New Jersey, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
May 14, 2020, citing that the Company has experienced recurring net
losses, cash outflows from operating activities, and has an
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.


CBAV1 LLC: Court Approves Disclosure Statement
----------------------------------------------
Judge Patricia M. Mayer has entered an order approving the
Disclosure Statement of CBAV1, LLC.

The hearing on confirmation of the Debtor's Plan of Liquidation
will be held on Aug. 17, 2021, at 11:00 a.m. before the Honorable
Patricia Mayer via teleconferencing.

Aug. 10, 2021, is fixed as the date on or before which any written
objection to confirmation of the Plan of Liquidation is required to
have been filed with the Court and served upon counsel for the
Debtor.

The Debtor will file its report of Plan voting with the Clerk of
the United States Bankruptcy Court on or before Aug. 13, 2021.

Aug. 10, 2021, is set as the last date by which ballots must be
received in order to be considered as acceptances or rejections of
the Plan of Liquidation.

                          About CBAV1 LLC

Bethlehem, Penn.-based CBAV1, LLC, filed a Chapter 11 petition
(Bankr. E.D. Pa. Case No. 20-14310) on Oct. 30, 2020.  In its
petition, the Debtor was estimated to have $1 million to $10
million in both assets and liabilities.  Rachel Chell, the manager,
signed the petition.  Judge Patricia M. Mayer presides over the
case.  Ciardi Ciardi & Astin serves as the Debtor's bankruptcy
counsel.


CCMW LLC: Case Summary & 4 Unsecured Creditors
----------------------------------------------
Debtor: CCMW, LLC
        201-D Pomona Drive
        Greensboro, NC 27407

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

Chapter 11 Petition Date: July 20, 2021

Court: United States Bankruptcy Court
       Middle District of North Carolina

Case No.: 21-10395

Judge: Hon. Benjamin A. Kahn

Debtor's Counsel: Samantha K. Brumbaugh, Esq.
                  IVEY, MCCLELLAN, SIEGMUND, BRUMBAUGH &
                  MCDONOUGH, LLP
                  100 S. Elm St, Ste. 500
                  Greensboro, NC 27401
                  Tel: 336-274-4658
                  Fax: 336-274-4540
  
Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ed Regensburg, member/manager.

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

https://www.pacermonitor.com/view/KM6DSOI/CCMW_LLC__ncmbke-21-10395__0001.0.pdf?mcid=tGE4TAMA


CELLA III: Creditor Taps Henderson as Auctioneer
------------------------------------------------
Girod LoanCo, LLC, a creditor of Cella III, LLC, seeks approval
from the U.S. Bankruptcy Court for the Eastern District of
Louisiana to hire Henderson Auctions to market for sale the
Debtor's commercial real estate in Metairie, La.  

The firm's services include:
      
     (a) preparing all marketing materials, advertising and
publicity necessary to promote the auction. Advertising mediums
will include print and digital publications, targeted marketing
lists, partnering real estate broker customer databases, local and
international real estate publications.

     (b) engaging a licensed real estate broker, to be paid by the
firm and not charged to the Debtor or this bankruptcy estate, to
generate leads, to list the Debtor's property for sale in the
applicable Multiple Listing Services, and to advertise the property
on additional platforms available to licensed brokers as determined
by the broker and the firm;

     (c) utilizing the firm's experience and expertise to conduct
the auction in a professional manner in an effort to obtain the
highest possible price for the property; and

     (d) appearing in the bankruptcy court and testifying about the
auction or any related matter upon request.

The firm will be paid a commission equal to 6 percent of the total
sale price of the Debtor's property.

J.S. Lawrence Green, chief executive officer of Henderson Auctions,
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.

The firm can be reached at:

     J.S. Lawrence Green
     J. A. H. Enterprises, Inc. d/b/a Henderson Auctions
     13340 Florida Blvd. P.O. Box 336
     Livingston, LA 70754
     Tel: 225-686-2252
     Fax: 225-686-0647
     Email: lawrence@hendersonauctions.com

                        About Cella III LLC

Cella III, LLC, owns the building and real estate located at 4545,
4539, and 4531 Veteran's Memorial Highway, Metairie, LA. This
property is located at a prominent, heavily traveled commercial
intersection of Veterans Memorial Boulevard and Clearview Parkway.

Cella III filed a Chapter 11 petition (Bankr. E.D. La. Case No.
19-11528) on June 5, 2019.  In the petition signed by George A.
Cella, III, member and manager, the Debtor was estimated to have
$10 million to $50 million in assets and $1 million to $10 million
in liabilities.

Judge Jerry A. Brown oversees the case.  

The Debtor tapped Congeni Law Firm, LLC as bankruptcy counsel,
Sternberg, Naccari & White, LLC as special counsel, and Patrick J.
Gros, CPA, APAC, as accountant.


CHECKMATE COMMUNICATIONS: Court Confirms Modified Plan
------------------------------------------------------
Judge John K. Sherwood has entered an order confirming and
approving the Plan of Checkmate Communications, L.L.C., a New
Jersey limited liability company.

Classes I, II and V have voted in favor of accepting the Plan;
Classes III and IV have not voted; Class V has voted to not accept
the Plan.

Classes I, II and V are impaired and have accepted the Plan. Class
VI is impaired and has not accepted the Plan but will receive or
retain under the plan on account of such claim or interest property
of a value, as of the effective date of the plan, that is not less
than the amount that such holder would so receive or retain if the
debtor were liquidated under chapter 7 of this title on such date.

Three impaired classes have accepted the Plan. Class VI, general
unsecured creditors, has not voted to accept the Plan. The Court
confirms the plan, notwithstanding its non-acceptance by Class VI,
in accordance with Pursuant to 11 U.S.C. Sec. 1191(b), and the
Court finds that the Plan does not discriminate unfairly, and is
fair and equitable, with respect to each class of claims or
interests that is impaired under, and has not accepted, the Plan.

                      Modifications of the Plan

The Plan is modified to delete and excise from the Plan the
following language pertaining to New Style Contractors, Inc.
("NSC"), which appears in Section 1.5 on pages 6 and 7 of the
Plan:

     The DIP asserts that it has a pre-petition account receivable
in the amount of $185,077 owed to it by New Style Contractors, Inc.
("NSC"), a general contractor (the "QCC AR"), with whom the DIP has
a pre-petition contract with respect to the Queens Community
College Project (the "QCC Project").  It is the DIP's position
that, after the bankruptcy was filed, NSC refused to allow the DIP,
without legal justification, to complete its pre-petition contract
with NSC. As a result, the DIP has suffered monetary damages, in an
as yet unquantified amount, in the form of lost profits.

     By operation of New York and/or New Jersey statutes, certain
of those funds owed by NSC to the DIP (i.e. $21,848.83) constitute
trust funds that are for the benefit of certain of the DIP's unpaid
pre-petition vendors who supplied materials for the QCC Project
(the "QCC Suppliers").

     Within ten (10) days from entry of the Confirmation Order, NSC
shall pay and/or turn over to the DIP the sum of $50,000 as partial
payment on account of the account receivable owed by NSC to the DIP
with respect to the QCC Project (the "NSC Payment"). Upon receipt
of the NSC Payment from NSC, the DIP shall simultaneously pay the
QCC Suppliers (i) ULE the sum of $2,134.42, (ii) Graybar the sum of
$424.10, (iii) Cooper Electric the sum of $10,204.14 and (iv)
Turtle & Hughes ("T&H") the sum of $4,716.  In exchange for these
payments, ULE, Graybar, Cooper Electric and T&H shall execute any
and all required lien discharge/ release documents with respect to
the QCC Project and waive their unsecured claims relating to the
QCC Project for any additional amounts owed.

     The balance of the NSC Payment, or $32,520.93, shall be
retained by the DIP as a carveout to make payments to professional
fee administrative expense claimants. The balance of accounts
receivable owed by NSC to the DIP (i.e. $135,077) shall be retained
by NSC but shall be included among the accounts receivable
abandoned by the DIP to Worthy.

Attorneys for the Debtor:

     Paul J. Maselli, Esquire
     Attorney ID 036101986
     MASELLI WARREN, P.C.
     600 Alexander Road, Suite 3-4A
     Princeton, New Jersey 08540
     Tel: (609) 452-8411
     E-mail: pmaselli@maselliwarren.com

                  About Checkmate Communications

Checkmate Communications, LLC, is an electrical equipment supplier
in Jersey City, New Jersey.

Checkmate Communications sought Chapter 11 protection (Bankr.
D.N.J. Case No. 20-21872) on Oct. 22, 2020.  The Debtor estimated
assets and debt of $1 million to $10 million.  Maselli Warren,
P.C., led by Paul J. Maselli, is the Debtor's counsel.


CHIMNEY PASTURES: Seeks to Hire Baker & Associates as Legal Counsel
-------------------------------------------------------------------
Chimney Pastures Ranch, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire Baker & Associates
to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     a. analyzing the financial situation of the Debtor;

     b. advising the Debtor with respect to its duties under the
Bankruptcy Code;

     c. preparing and filing schedules of assets and liabilities,
statements of affairs, motions and other legal papers;

     d. representing the Debtor at the first meeting of creditors;

     e. representing the Debtor in all proceedings before the court
and in any other judicial or administrative proceeding where its
rights may be litigated or otherwise affected;

     f. preparing and filing disclosure statement, if necessary,
and Chapter 11 plan of reorganization; and

     g. assisting the Debtor in any matters relating to or arising
out of its bankruptcy case.

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

The Debtor deposited with the firm the amount of $9,238.

Reese Baker, Esq., a partner at Baker & Associates, 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.

The firm can be reached at:

     Reese Baker, Esq.
     Baker & Associates
     950 Echo Lane, Ste 300
     Houston, TX 77024
     Tel: (713) 979-2279

                    About Chimney Pastures Ranch

Houston-based Chimney Pastures Ranch, LLC filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Texas Case No. 21-32253) on July 2, 2021. Charles Newcomb,
president, signed the petition.  In the petition, the Debtor
disclosed $1 million to $10 million in assets and $100,000 to
$500,000 in liabilities.  Judge Christopher M. Lopez presides over
the case.  Reese Baker, Esq., at Baker & Associates, represents the
Debtor as legal counsel.


COSMOLEDO LLC: PPP Eligible Claimholders to Get $3MM in Plan
------------------------------------------------------------
Cosmoledo, LLC and its Debtor Affiliates submitted an Amended
Disclosure Statement to Accompany Plan of Liquidation dated July
19, 2021.

Class 3 consists of all Allowed PPP Eligible Claims. Holders of
Allowed Class 3 Claims will be entitled to receive a Pro Rata
Distribution of Trust Units equal to (i) the Pro Rata Distribution
of Remaining Cash, plus (ii) 20% of the Net PPP Cash Balance after
payment of, or Reserves for, all Class 1 Claims, Administrative
Claims (including Professional Fee Claims), Priority Tax Claims,
Class 2 Claims and the expenses of the Liquidation Trust. In
accordance with the settlement of the PPP Motion and as provided
for the in the Plan, Class 3 shall receive an aggregate
Distribution in an amount not less than $3,000,000.

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

     * Class 4 consists of all General Unsecured Claims that are
not PPP Eligible Claims. Each Holder of an Allowed Class 4 Claim
shall receive, in full satisfaction, settlement, release, and
discharge of such Allowed Class 4 Claim, a Pro Rata Distribution of
Trust Units equal to (i) the Pro Rata Distribution of Remaining
Cash, less (ii) 20% of the Net PPP Cash Balance. Distributions on
account of Trust Units owned by Holders of Allowed Class 4 Claims
shall be made on (i) the date that the Liquidation Trustee
determines is appropriate to make Distributions to Holders of Class
4 Claims, or (ii) such other date as may be ordered by the
Bankruptcy Court.

     * Class 5 consists of all Intercompany Claims. Each Allowed
Class 5 Claim shall be discharged, released, and extinguished as of
the Effective Date, and will be of no further force or effect, and
no Distributions shall be made on account of any such Intercompany
Claims.

     * Class 6 consists of all Intercompany Interests. All Class 6
Intercompany Interests shall be cancelled, released, and
extinguished as of the Effective Date, and will be of no further
force or effect, and no Distributions shall be made on account of
any Intercompany Interests.

     * Class 7 consists of all Interests in Cosmoledo, LLC. All
Class 7 Interests in Cosmoledo shall be cancelled, released, and
extinguished as of the Effective Date, and will be of no further
force or effect, and no Distributions shall be made on account of
any such Interests.

The Plan provides for the liquidation of any remaining Assets and
distribution thereof in accordance with the Plan on and after the
Effective Date. All Assets will be transferred to a Liquidation
Trust, and the Liquidation Trustee will (a) establish the Reserves,
(b) make, or cause to be made, Distributions pursuant to the Plan,
(c) liquidate and/or administer the Assets, (d) commence,
prosecute, settle or otherwise resolve all objections to Disputed
Claims, (e) assert, prosecute, continue and settle all Causes of
Action, and (f) take any and all other actions not inconsistent
with the terms of the Plan that are appropriate or necessary to
effectuate the terms of the Plan and close the bankruptcy case.

The Bankruptcy Court has scheduled a hearing to consider the
Confirmation of the Plan for August 31, 2021 at 10:00 a.m.
Objections to Confirmation of the Plan, if any, must be in writing
and filed with the Bankruptcy Court and served, so as to be
received no later than August 20, 2021.

Attorneys for the Debtors:

     Andrew R. Gottesman, Esq.
     CeCe M. Cole, Esq.
     Gabriel Altman, Esq.
     Mintz & Gold LLP
     600 Third Avenue, 25th Fl.
     New York, NY 10016
     Tel: (212) 696-4848
     Fax: (212) 696-1231
     Email: gottesman@mintzandgold.com
            altman@mintzandgold.com
            cole@mintzandgold.com

                        About Cosmoledo LLC

Cosmoledo, LLC and affiliates own and operate 16 fine-casual
bakery-cafes in New York City under the trade name "Maison Kayser."
Maison Kayser -- https://maison-kayser-usa.com/ -- a global brand,
is an authentic artisanal French boulangerie that has been doing
business in New York since 2012.

Cosmoledo and its affiliates, including Breadroll, LLC, sought
Chapter 11 protection (Bankr. S.D.N.Y Lead Case No. 20-12117) on
September 10, 2020.

In the petitions signed by CEO Jose Alcalay, Debtors were estimated
to have assets in the range of $10 million to $50 million, and $50
million to $100 million in debt.

Judge Michael E. Wiles oversees the case. The Debtors have tapped
Mintz & Gold LLP as their bankruptcy counsel, and CBIZ Accounting,
Tax and Advisory of New York LLC as their financial advisor,
accountant, and consultant. Donlin Recano & Co., Inc., is the
claims agent.

The U.S. Trustee for Region 2 appointed a committee to represent
unsecured creditors in the Debtors' Chapter 11 cases. The committee
is represented by Hahn & Hessen LLP.


COUNCIL FOR AID: May Use Citibank's Cash Collateral Thru August 10
------------------------------------------------------------------
Judge James L. Garrity, Jr. authorized Council For Aid To
Education, Inc. to use cash collateral through August 10, 2021, to
pay for the expenses it incurred in the ordinary course of its
business and in connection with its bankruptcy case.  

Citibank, N.A., as a holder of interest in the cash collateral, is
granted (a) a valid, perfected, and enforceable, post-petition
security interest in (i) all fixtures and personal property and
(ii) all proceeds and products of each of those assets, in each
case junior to any prior perfected and enforceable pre-petition
lien or security interest, and (b) a valid, perfected, and
enforceable, postpetition replacement lien on and security interest
in all of the assets of the Debtor constituting Citibank's
prepetition collateral and the proceeds thereof.  The Adequate
Protection Lien shall be subject to all other validly and properly
perfected pre-petition liens and security interests in favor of
third parties that were senior to, and had priority over,
Citibank's security interest and lien as of the Petition Date.

The Debtor and Citibank are parties to a prepetition Relationship
Ready Line of Credit in the original principal amount of $500,000,
secured by a duly perfected security interest in substantially all
of the Debtor's assets.  As of the Petition Date, the Debtor owed
Citibank $478,098 in principal and $1,196 in interest, plus accrued
and incurred fees and expenses, under the Line of Credit.  

As additional adequate protection:

  a. the Debtor shall grant Citibank a super-priority
administrative expense claim with respect to the amount of the
Citibank Obligations that exceeds the value of its collateral, to
the extent of any decrease in the value of Citibank's secured
interest in the Debtor's assets arising from the Debtor's use of
cash collateral;

  b. the Debtor must make timely interest payments in respect of
the Citibank Obligations;

  c. the Debtor shall reimburse Citibank for its out-of-pocket fees
and expenses, including the prepetition and postpetition fees and
expenses of its counsel, within five business days of the
presentment of summary invoices.

The Adequate Protection Lien and the Super-Priority Claim shall be
subordinate only to the Carve Out.  

The Carve Out consists of fees and expenses of the Clerk of the
Bankruptcy Court and the fees of the Office of the United States
Trustee, plus applicable interest on any such fees, and also to the
allowed fees and expenses of the Debtor's professionals and the
Subchapter V Trustee which have been awarded by an Order of the
Bankruptcy Court in an aggregate amount of up to $100,000, such
amount to be allocated $75,000 to the Debtor's professionals and
$25,000 on account of fees and expenses of the Subchapter V
Trustee.

A final hearing on the Debtor's use of the cash collateral will be
held on August 10, 2021 at 10 a.m.  Objections must be filed and
served in order that they are received by no later than 4 p.m. on
August 3.  

A copy of the interim order is available for free at
https://bit.ly/3BgZKDv from PacerMonitor.com.

Co-Counsel for the Debtor:

   Jeffrey A. Cooper, Esq.
   Rabinowitz, Lubetkin & Tully LLC
   293 Eisenhower Parkway, Suite 100
   Livingston, NJ 07039
   Telephone: (973) 597-9100 ext. 118
   Facsimile: (973) 597-9119

Counsel for Citibank, N.A.:

   Frederick Hyman, Esq.
   Duane Morris LLP
   1540 Broadway
   New York, NY 10036-4086
   Telephone: (212) 692-1063
   Facsimile: (212) 208-4521
   Email: rhyman@duanemorris.com

             About Council For Aid To Education, Inc.  

Council For Aid To Education, Inc. is a Delaware not-for-profit
corporation which develops performance-based and custom assessments
that measure students' essential college and career readiness
skills and identify opportunities for student growth.  The Debtor
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. S.D.N.Y. Case No. 21-11221) on June 30, 2021. In the
petition signed by Robert J. Yayac, chief executive officer and
president, the Debtor disclosed up to $10 million in both assets
and liabilities.  Judge James L. Garrity, Jr. presides over the
case.

James B. Sowka, Esq., at Seyfarth Shaw LLP is the Debtor's counsel.
Jeffrey A. Cooper, Esq., at Rabinowitz, Lubetkin & Tully LLC
represents the Debtor as co-counsel.  Heidi J. Sorvino serves as
the Debtor's Subchapter V Trustee.



DATA STORAGE: Unveils Pricing of $8.3M Registered Direct Offering
-----------------------------------------------------------------
Data Storage Corporation has entered into a securities purchase
agreement with certain accredited institutional investors to
purchase approximately $8.3 million of its shares of common stock
in a registered direct offering and warrants to purchase shares of
its common stock in a concurrent private placement priced
at-the-market under Nasdaq rules.  The combined purchase price for
one share of common stock and 0.75 warrants is $6.04.

Pursuant to the terms of the Purchase Agreement, DSC has agreed to
sell 1,375,000 shares of its common stock and warrants to purchase
up to an aggregate of 1,031,250 shares of its common stock.  The
warrants will be immediately exercisable, will expire on the five
year and six-month anniversary of the issuance date and will have
an exercise price of $6.15 per share.

DSC expects the gross proceeds from the registered direct offering
and concurrent private placement to be approximately $8.3 million
before deducting the placement agent's fees and other estimated
offering expenses.

Maxim Group LLC is acting as the sole placement agent in connection
with the offering.

The shares of common stock are being offered pursuant to a shelf
registration statement on Form S-3 (File No. 333-257812), which was
declared effective by the United States Securities and Exchange
Commission on July 16, 2021.  The warrants issued in the concurrent
private placement and shares issuable upon the exercise of such
warrants were offered in a private placement under Section 4(a)(2)
of the Securities Act of 1933, as amended, and Rule 506(b) of
Regulation D promulgated thereunder and have not been registered
under the Act or applicable state securities laws.

                        About Data Storage

Data Storage Corporation -- http://www.DataStorageCorp.com--
delivers and supports a broad range of premium technology solutions
focusing on IaaS, data storage protection and IT management.
Clients look to DSC to ensure disaster recovery, business
continuity, enhance security, and to meet increasing industry,
state and federal regulations.  The Company markets to businesses,
government, education and the healthcare industry by leveraging
leading technologies.  Through its business units, the Company
provides IaaS, SaaS, DRaaS, VoIP, IBM Power systems and storage
hardware with managed IT services.

As reflected in the consolidated financial statements, the Company
had a net income (loss) available to shareholders of $55,339 and
$(54,452) for the years ended Dec. 31, 2020 and 2019, respectively.
As of Dec. 31, 2020, DSC had cash of $893,598 and a working
capital deficiency of $2,666,448.  As a result, the Company said,
these conditions raised substantial doubt regarding its ability to
continue as a going concern.


DELTA AIR: S&P Affirms 'BB' ICR, Alters Outlook to Stable
---------------------------------------------------------
S&P Global Ratings affirmed its 'BB' issuer credit rating on Delta
Air Lines Inc. and revised its outlook to stable from negative.

The stable outlook is based on an expected restoration of credit
ratios supporting our current rating, and a much-diminished
likelihood of a downgrade.

Domestic leisure travel is leading the traffic and revenue
recovery. Robust demand for vacations and visiting friends and
relatives have boosted domestic revenues and yields to levels
exceeding 2019, as of the end of June, according to the company.
This is impressive, considering higher-yielding business traffic is
still well below pre-pandemic levels. Leisure travel is likely to
decline seasonally after Labor Day, though less than normally
because of remaining pent-up demand, with business travel
accelerating as offices and schools reopen. The recent upturn in
COVID-19 infections injects uncertainty into the traffic and
revenue recovery, but S&P does not foresee a return to widespread
lockdowns. Still, a more prolonged and uneven recovery remains a
risk.

Business and intercontinental flying will be slower to come back.
Delta, like its peer North American hub-and-spoke airlines, relies
also on business travel and intercontinental flying, and its
financial recovery will accordingly take longer than for low-cost,
domestic-focused competitors. And some business traffic is probably
lost permanently, the victim of increased availability and
acceptance of videoconferencing, particularly for internal company
events. In its second-quarter earnings call, Delta estimated that
its domestic business traffic would reach 55%-60% of 2019 levels by
the end of the third quarter, with further gains thereafter. The
near-term outlook for intercontinental traffic varies
significantly, with recently strong outbound bookings to European
countries that have lifted inbound restrictions, but the U.S. has
yet to reciprocate for European visitors and Pacific routes are
still weak and unlikely to rebound meaningfully until 2022.

Continued substantial federal aid cushions the impact of COVID-19
in 2021. S&P counts cash grants under the Payroll Support Program
(PSP) as a contra-expense, partly offsetting labor costs and
boosting our forecast pretax and net income for Delta to
approximately breakeven this year. The company states it expects to
report mid-single-digit-percent pretax margins, not counting PSP
aid, in the third quarter. The grants and associated unsecured
loans, plus success tapping the capital markets, supports ample
liquidity ($17.8 billion on June 30, 2021), and S&P assesses
overall liquidity as strong. Delta has increased its capital
spending, projecting $3.2 billion this year, contributed $1.5
billion to its underfunded pension plans (the company forecasts
this should avoid the need for any material contributions required
by regulation going forward), and prepaid debt to begin rebuilding
its balance sheet.

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

S&P said, "We expect a modest profit in the second half of 2021,
increasing (but still well below pre-pandemic levels) in 2022. This
should produce credit ratios supportive of the rating (at least
high-teens-percent funds from operations [FFO] to debt), with
further improvements thereafter.

"We could raise ratings if we expect FFO to debt to move
consistently above 20%. This would most likely occur with continued
earnings recovery and debt reductions by the company.

"We could lower ratings if we expect credit ratios to deteriorate
materially, with FFO/debt returning to less than 12% and we expect
that condition to persist. This could occur if there is a major
resurgence of the pandemic, prompting renewed lockdowns and
deterioration in consumer confidence. In this scenario, we might
conclude that the fundamental risk characteristics of the industry
have worsened, particularly for airlines that rely significantly on
business and long-haul international travel, and reflect that in
our assessment of business risk."



DIFFENDAL-WELLIVER: Seeks to Hire CGA Law Firm as Legal Counsel
---------------------------------------------------------------
Diffendal-Welliver, Inc. seeks approval from the U.S. Bankruptcy
Court for the Middle District of Pennsylvania to hire CGA Law Firm
to serve as legal counsel in its Chapter 11 case.

The firm's hourly rates are as follows:

     Lawrence V. Young, Esq.            $395 per hour
     Brent C. Diefenderfer, Esq.        $275 per hour
     E. Haley Rohrbaugh, Esq.           $225 per hour
     Christina M. Locondro, paralegal   $130 per hour
     Kenny Brayboy, paralegal           $130 per hour

The Debtor paid $10,000 to the law firm as a retainer fee.

Lawrence Young, Esq., at CGA Law 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.

The firm can be reached at:

     Lawrence V. Young, Esq.  
     CGA Law Firm
     135 North George Street
     York, PA 17401
     Tel.: (717) 848-4900
     Fax: (717) 843-9039
     Email: lyoung@cgalaw.co
     
                   About Diffendal-Welliver Inc.

Littlestown, Pa.-based Diffendal-Welliver, Inc. filed a Chapter 11
petition (Bankr. M.D. Pa. Case No. 21-01574) on July 15, 2021.  At
the time of the filing, the Debtor disclosed total assets of up to
$10 million and total liabilities of up to $1 million.  Suzanne
Radcliffe, president, signed the petition.  Judge Henry W. Van Eck
presides the case.  CGA Law Firm serves as the Debtor's legal
counsel.


DIRECTV FINANCING: Moody's Rates New $3.1BB Secured Notes 'Ba3'
---------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the proposed
$3.1 billion of senior secured notes due 2027 of DIRECTV Financing,
LLC (DirecTV) (Ba3 CFR ) and DIRECTV Financing Co-Obligor, Inc.
Both are indirect wholly owned subsidiaries of DIRECTV
Entertainment Holdings LLC. Moody's had previously also assigned a
Ba3 rating to the company's 5-year $500 million senior secured
revolving credit facility and 6-year $3.1 billion senior secured
term loan which will be pari passu to the proposed notes issuance.
The outlook is stable.

On February 25, 2021, AT&T Inc. (AT&T, Baa2 stable) announced the
sale of a 30% stake in AT&T's satellite and terrestrial video
services provider business to TPG Capital (TPG). The deal includes
AT&T's DirecTV, U-verse video, and all of AT&T's virtual MVPD
business, AT&T TV, and was valued at about $16.3 billion. TPG will
pay $1.8 billion for its 30% stake, which will include TPG
receiving senior preferred equity yielding 10%. AT&T will have
about $4.25 billion of junior preferred equity in DirecTV that will
PIK 6.5% annually until the TPG preferred is redeemed, and $4.2
billion of catch-up common equity. DirecTV will incur about $6.2
billion of new senior secured debt, including the $3.1 billion term
loan and $3.1 billion of the proposed senior secured notes which
are expected to be pari passu. The proceeds are expected to be
distributed to AT&T at the close of the transaction. The
transaction also includes transferring $195 million of legacy
DirecTV senior unsecured notes (unrated) to new DirecTV, and AT&T's
commitment to fund up to $2.5 billion of net losses from the NFL
Sunday Ticket contract for the time of close in 2021 to the end of
the 2022 season, which is the end of the current broadcast license
contract.

Assignments:

Issuer: DIRECTV Financing, LLC

Senior Secured Regular Bond/Debenture, Assigned Ba3 (LGD3)

RATINGS RATIONALE

DirecTV's Ba3 CFR reflects the company's modest financial leverage,
which Moody's expects to remain near 1.5x debt to EBITDA (including
Moody's adjustments) over the next 12 to 18 months, and strong free
cash flow generation, which is expected to be about $1.5 billion
annually. The Ba3 CFR also reflects DirecTV's significant scale and
programming content advantage given its large subscriber base which
will continue to advantage the company in negotiating content costs
relative to peers, albeit, offset by the continuing secular decline
of the US pay-tv market.

However, DirectTV's subscriber losses have been disproportionality
greater than industry metrics in recent years, which Moody's
believes is directly related to the ownership and direction of AT&T
which starved the company of marketing and retention capital in
lieu of higher AT&T corporate uses of cash. This likely led to
higher priced offerings than competitors starting in 2018, which in
turn led to particularly high and disproportionate net subscriber
losses and declines in revenue. Moody's expects a continued decline
in DirecTV DBS subscribers, due to the time it will take to reverse
the company specific negative trend and the impact on the brand, as
well as the ongoing overall industry secular pressures. However,
Moody's anticipate that losses will trend more in-line with
industry metrics over several years as the company strengthens its
marketing and implements smarter customer retention initiatives. As
a result of the company specific and industry wide secular
pressure, the company's CFR is constrained at the Ba3 level.

Moody's anticipate that the company will strike a harder line with
cable networks and broadcast TV groups over rising carriage
affiliate fee rates which will help to manage margins. With the
separation of leadership from AT&T, Moody's expect promotional
offerings to be used as bargaining power to help reduce churn. But
as the NFL Sunday Ticket contract is not currently expected to be
renewed or at least not with exclusivity in FY2023, Moody's expects
a moderate spike in churn as loyal sports customers may migrate to
other providers with the NFL offering. Moody's believes that a new
materially less costly non-exclusive NFL Sunday Ticket agreement
could result in a more favorable outcome but is not considered in
Moody's analysis considering the uncertainty. Moody's also believe
that DirecTV has potential to benefit from being a provider of last
resort as wireline cable and telecom companies de-emphasize and
even eliminate their pay TV offerings as subscriber penetration
sinks to levels inconsistent with profitability over the medium to
long-term. This would create a longer tail for revenues and bolster
the companies leverage with networks.

The top line secular pressures will continue to be a headwind for
the linear television industry and Moody's believes that beyond
subscriber retention, emphasis on cost savings will be the primary
focus. The company's new streaming product, AT&T TV (likely to be
rebranded), will help offset declines at DirecTV and generate new
customer growth as the company will rely on its nationwide
internet-delivered premium product. Moody's anticipates that
subscriber acquisition and equipment costs will be materially lower
than the DBS service, which can be passed on to consumers to
alleviate secular pressures. The upfront costs of AT&T TV will be
more favorable relative to DirecTV due to less equipment and
self-installation capability, however, growth will remain a
question as overall vMVPD growth has sputtered. Moody's is also
concerned that high priced pay TV in any form other than full
a-la-carte will continue to face significant secular headwinds.

The credit profile is supported by the expected conservative
financial policy driven by AT&T, and in Moody's view, key debt
protection terms for debtholders that provides significant comfort
that investors face little self-inflicted financial policy event
risks. With DirecTV to be majority owned by AT&T, Moody's believes
that the financial policy will be managed conservatively and will
mitigate any event risks associated with the minority owned
financial sponsor. The debt protections include a change of control
provision being triggered if AT&T's economic ownership stake
declines to under 50% or under 50% controlling governance rights.
Limitations on debt incurrence, an excess cashflow sweep and
restricted payments are also key terms that provide credit
protection and support for the credit ratings.

Moody's expects DirecTV to have a very good liquidity profile
supported by strong free cash flow generation and a fully undrawn
$500 million revolving credit facility. At close of the
transaction, DirecTV will have $300 million of cash on the balance
sheet and Moody's expects that the company will maintain cash
balances at this level with the excess of the company's expected
$1.5 billion of annual free cash flow to be allocated for debt
repayment and distributions to the company's shareholders. The
company's term loan amortizes 10% annually and includes a 50%
excess cash flow sweep with first lien net leverage-based
step-downs to 25% and 0%. The revolving credit facility also
contains a springing first lien net leverage ratio covenant of
2.25x, tested when more than 35% of the revolver is drawn, which
Moody's expects the company to maintain substantial cushion. The
notes have a change of control provisions, restrictions on
additional indebtedness and paying dividends.

The stable outlook reflects Moody's expectations of low to
mid-teens percentage subscriber losses over the next 12 to 18
months but improving closer to industry-wide metrics expected to be
high single digits to low teens losses after about 2 years. While
sales and EBITDA will remain pressured for the next couple of
years, Moody's expect the company to generate annual FCF of about
$1.5 billion. With moderating and stable capital expenditures of
about 1% of revenue annually for the projected period, Moody's
expect the company to use cash for debt repayment and maintain debt
to EBITDA (Moody's adjusted) under 1.5x.

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

Given the secular pressures causing substantial subscriber declines
within the company's DirecTV Pay-TV and U-Verse businesses, the
company's ratings are constrained at the Ba3 level so a ratings
upgrade is unlikely. However, an upgrade could occur if the company
invested in businesses consistent with material revenue growth and
leverage (Moody's adjusted debt to EBITDA) remained low.

Ratings could be downgraded if secular pressures accelerate further
resulting in more rapid subscriber declines in the company
businesses, if leverage (Moody's adjusted debt to EBITDA) is
sustained above 2.00x, or if the company is controlled by private
equity owners.

The principal methodology used in this rating was Pay TV published
in December 2018.

DIRECTV Financing, LLC is comprised of the video entertainment
services operations of the AT&T Video Entertainment Business, which
include AT&T's DIRECTV, U-Verse video, AT&T TV, and WatchTV
operations in the United States and was created when TPG bought a
30% stake from AT&T in July 2021. As of the last twelve months
ended in March 31, 2021, DirecTV generated about $27.3 billion of
total revenue.


DOUBLE D GROUP: September 7 Plan & Disclosure Hearing Set
---------------------------------------------------------
The Double D Group, LLC filed with the U.S. Bankruptcy Court for
the District of Nevada an amended ex parte motion for order
conditionally approving adequacy of Amended Disclosure Statement in
support of Amended Plan of Reorganization.

On July 19, 2021, Judge Natalie M. Cox granted the motion and
ordered that:

     * The proposed Disclosure Statement is approved on a
conditional basis pursuant to Local Rule 3017 as containing
adequate information.

     * August 24, 2021 is fixed as the last day to submit all
ballots to be counted as votes.

     * September 7, 2021 at 9:30 a.m. is the combined hearing on
final approval of the conditionally approved Disclosure Statement
and confirmation of the Plan.

     * August 24, 2021 is fixed as the last day to file any
response or objections to final approval of the Disclosure
Statement and/or confirmation of the Plan.

     * August 31, 2021 is fixed as the last day to file any reply
to an Objection must be filed with the Court.

     * August 31, 2021 is fixed as the last day for the Debtor to
file a brief in support of confirmation of the Plan along with a
supporting declaration.

A copy of the order dated July 19, 2021, is available at
https://bit.ly/3wVp5j7 from PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Thomas H. Fell
     Anthony W. Austin
     Fennemore Craig, P.C.
     300 South Fourth Street, Suite 1400
     Las Vegas, Nevada 89101
     Telephone: (702) 692-8000
     E-mail: tfell@fennemorelaw.com
     E-mail: aaustin@fennemorelaw.com

                     About The Double D Group

The Double D Group, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 21-10343) on Jan. 26,
2021.  Jose Pihardo, the managing member, signed the petition.  At
the time of the filing, the Debtor disclosed assets of between $1
million and $10 million and liabilities of the same range. Judge
Natalie M. Cox oversees the case.  Fennemore Craig, P.C., is the
Debtor's legal counsel.


DURRIDGE COMPANY: Taps Huron Consulting as Valuation Expert
-----------------------------------------------------------
Durridge Company Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Massachusetts to hire Huron Consulting Services
LLC, a Boston-based valuation expert.

The firm's services include:

     (a) reviewing the books and records of the Debtor;

     (b) providing expert testimony consisting of (i) a report
setting forth an estimate of the going-concern value of the Debtor
based on projections of future operations prepared by the Debtor;
(ii) an estimate of the value of the intellectual property of the
Debtor as of the petition date; and (iii) a report responding to
the methodology and conclusions in any opposing report setting
forth an estimate of the value of the intellectual property of the
Debtor;

     (c) if requested, providing expert testimony before the
bankruptcy court regarding the valuation report and services; and

     (d) providing related services to the Debtor in the course of
its Chapter 11 proceedings and assisting in the confirmation of a
Chapter 11 plan.

The firm will be paid a fixed fee of $12,000, plus any
out-of-pocket expenses.

Stephen Darr, managing director at Huron Consulting Services,
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.

The firm can be reached at:

     Stephen Darr
     Huron Consulting Services LLC
     100 High Street, Suite 2301
     Boston, MA 02110
     Tel.: (617) 226-5500
     Fax: (617) 226-5555

                       About Durridge Company

Billerica, Massachusetts-based Durridge Company Inc. is a Delaware
corporation organized on April 11, 2016 under the name of Sensory
Acquisition Company. The name was changed on that date to Durridge
Company Inc. and is registered to do business in Massachusetts.

Durridge is a provider of professional radon detection equipment
and provides services including radon detection solutions for
businesses, universities, and governments worldwide. Durridge also
provides a wide range of accessories for their proprietary
technology known as RAD7, as well as software for performing
sophisticated radon data analysis, and expert calibration and
maintenance services.

Durridge sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Mass. Case No. 21-40187) on March 15, 2021. In the
petition signed by Wendell Clough, president, the Debtor disclosed
$354,112 in assets and $2,182,277 in liabilities.

The Honorable Christopher J. Panos is the case judge.

Parker & Associates, LLC represents the Debtor as legal counsel
while Huron Consulting Services, LLC serves as its valuation
expert.


FCG ACQUISITIONS: Moody's Rates New Second Lien Term Loan 'Caa2'
----------------------------------------------------------------
Moody's Investors Service assigned a Caa2 rating to FCG
Acquisitions, Inc.'s (Flow Control Group, FCG) new second lien
delayed draw term loan, which is the same rating as FCG's existing
second lien term loan. The additional borrowing capacity provided
under the new second lien facility, along with a new $120 million
increase to FCG's first lien delayed draw term loan, will be used
to fund future acquisitions. There is no change to the B2 rating on
the first lien senior secured credit facilities. The increased term
loan commitments do not impact FCG's other ratings, including the
existing B3 corporate family rating. The ratings outlook is
stable.

Since its April 2021 LBO by KKR & Co., Inc. (KKR), Flow Control
Group has engaged in a steady pace of relatively small debt-funded
acquisitions, as Moody's expected. These investments were all in
the industrial distribution sector, which is similar to FCG's
existing businesses. Since closing the LBO on April 1, 2021, FCG
has completed four acquisitions totaling $98 million, funded
primarily through $65 million in drawings on the existing $100
million first lien delayed draw term loan. The company plans to use
the balance of the first lien facility's availability to fund about
$27 million in acquisitions currently under letters of intent that
are expected to close in July. With the new first and second lien
delayed draw term loans, FCG will replenish term loan capacity to
be used for future acquisitions.

The following summarizes the rating actions:

Assignments:

Issuer: FCG Acquisitions, Inc.

Senior Secured 2nd Lien Term Loan, Assigned Caa2 (LGD6)

RATINGS RATIONALE

Flow Control Group's B3 corporate family rating reflects the risks
related to its acquisition growth strategy and heavy reliance on
the performance of those acquisitions to provide cash flow. The
rating also reflects substantial debt levels due to funding of the
company's 2021 purchase by KKR and ongoing acquisition funding. As
well, the company has a recent history of thin free cash flow.

However, FCG has long history as a value-added distributor of
highly engineered components to leading industrial customers in
North America representing a diverse range of end markets. FCG's
backlog provides short-term revenue visibility and good
profitability with EBITA margins expected to remain around 10%.
Moody's expect the company to have adequate liquidity with modest
cash balances and stable positive free cash flow.

The stable ratings outlook reflects Moody's expectations that Flow
Control Group will be able to maintain consistent EBITA margins in
excess of 10% over the next few years with little business
integration risks as it completes acquisitions. The outlook also
reflects Moody's expectation of additional debt to be raised to
fund acquisitions, with debt-to-EBITDA remaining close to 8x (not
adjusted to include pro forma full year earnings from acquisitions)
through 2022.

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

Ratings could be upgraded if the company successfully executes
planned acquisitions in the next few years. Higher ratings would be
supported by deleveraging primarily through debt repayment, with
debt-to-EBITDA falling below 5.5x without pro forma adjustments for
acquisitions. The maintenance of EBITA margins in excess of 10% and
strong liquidity along with more conservative financial policies
would also support higher ratings.

Ratings could be downgraded if the company is unable to execute its
acquisition growth strategy as planned. This may result in negative
or breakeven free cash flow over the next few years. Significantly
higher debt levels, including increased drawing on the revolving
credit facility to support cash flow shortfalls, would also warrant
lower ratings. As well, the undertaking of more aggressive
financial policies could prompt a downgrade. This may include an
accelerated pace of debt-financed acquisitions or a distribution of
capital to owners.

Headquartered in Charlotte, North Carolina, Flow Control Group is a
distributor of industrial products and services. Reported revenue
is approximately $600 million.

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


FCG ACQUISITIONS: S&P Rates First-Lien Delayed-Draw Term Loan 'B-'
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' rating to FCG Acquisitions
Inc.'s proposed $120 million first-lien, delayed-draw term loan and
its 'CCC' rating to the company's $50 million second-lien,
delayed-draw term loan. The recovery rating on the first-lien debt
is '3', indicating expectations for meaningful (50%-70%; rounded
estimate: 50%) recovery in the event of a default. The recovery
rating on the second-lien debt is '6', indicating expectations for
negligible (0%-10%; rounded estimate: 5%) recovery in the event of
a default. The delayed-draw term loans are not fungible with the
existing term loans until drawn.

FCG maintains an active acquisition pipeline, with a focus on
increasing its scale in the highly fragmented and competitive flow
control distribution market. The company has completed four tuck-in
acquisitions since April 1, 2021, and will likely close several
others in the current fiscal quarter (ending Sept. 30). These deals
will use most or all of the company's existing $100 million
first-lien, delayed-draw term loan capacity. S&P expects FCG will
use the proceeds from the incremental delayed-draw term loans for
additional acquisitions.

S&P said, "The company's operating performance is tracking to meet
our expectations as economic activity continues to pick up. We
believe a broad-based macroeconomic recovery and increasing
industrial activity will drive mid-single-digit percent revenue
growth for FCG over the next 12 months and that operating leverage
and cost savings from ongoing value-creation initiatives will
moderately expand its S&P Global Ratings-adjusted EBITDA margins.
While the capital goods industry is facing raw material cost
inflation, we believe FCG can pass on cost increases to customers
quickly. We expect the company will remain very acquisitive,
keeping its forecasted leverage (with our adjustments) high:
7.0x-8.0x in fiscal 2021 and 6.5x-7.5x in 2022 (pro forma for
acquisition EBITDA and including realized cost savings). Therefore,
our 'B-' issuer credit rating and stable outlook on FCG are
unchanged."

RECOVERY ANALYSIS

-- S&P's simulated default scenario contemplates a default
occurring in 2023 due to sharp revenue and margin declines arising
from a combination of an economic contraction, increasing price
competition, and operational inefficiencies.

-- The gross enterprise value of approximately $404 million is
based on an emergence EBITDA of $81 million. S&P said, "We believe
that lenders will aim to maximize FCG's value and pursue a
reorganization rather than a liquidation in a default scenario.
Therefore, we value the company on a going-concern basis and apply
a 5x multiple to our projected emergence EBITDA."

-- S&P said, "We assume the company's existing $100 million
delayed-draw facility is fully utilized for acquisitions but have
not yet factored in any outstanding borrowings under the company's
proposed delayed-draw loans. Should these facilities be drawn, we
would reassess recovery, including the EBITDA contribution from
acquired entities."

Simulated default assumptions

-- Jurisdiction: U.S.
-- Revolver facility assumed 85% drawn at default

Simplified waterfall

-- Gross enterprise value: $404 million

-- Net enterprise value (after 5% administrative costs): $384
million

-- Valuation split in % (obligor/nonobligors): 80%/20%

-- Priority claims: $0 million

-- Collateral value available to first-lien debt claims: $357
million

-- Estimated first-lien debt claims: $707 million

    --Recovery rating: '3' (50%-70%; rounded estimate: 50%)

-- Value available to second-priority and deficiency claims
(collateral/noncollateral): $0 million/$27 million

-- Estimated second-lien debt claims: $115 million

    --Recovery rating: '6' (0%-10%; rounded estimate: 5%)

All debt amounts include six months of prepetition interest.



GATEWAY KENSINGTON: Taps Priolet & Associates as Special Counsel
----------------------------------------------------------------
Gateway Kensington, LLC received approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Priolet &
Associates, P.C., as its special real estate counsel in connection
with the sale of its condominium units.

The Debtor is the sponsor of a luxury condominium located at 15
Kensington Road, Bronxville, N.Y.  Priolet & Associates represented
the Debtor as seller of the 47 units that had already been sold,
and was involved in drafting the contract of sale of Unit 104,
which sale is pending.

Priolet & Associates charges a flat fee of $1,250 per transaction.

As disclosed in court filings, Priolet & Associates neither
represents nor holds any interest adverse to the Debtor.

The firm can be reached through:

     Claude P. Priolet, Esq.
     Priolet & Associates PC
     1025 Westchester Ave., Suite 320
     West Harrison, NY 10604
     Phone: +1 914-288-0400
     Email: realestatelaw@prioletlaw.com

                      About Gateway Kensington

Gateway Kensington, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
21-22274) on May 14, 2021. At the time of the filing, the Debtor
disclosed total assets of up to $10 million and total liabilities
of up to $50 million.  Judge Robert D. Drain presides over the
case.  Kirby Aisner & Curley, LLP represents the Debtor as legal
counsel.


GETWELL PHARMACY: Hearing Today on Cash Collateral Access
---------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Tennessee,
Western Division, will hold a hearing today, July 22 at 9 a.m., on
the request of GetWell Pharmacy of Tennessee to continue using the
cash collateral of AmerisourceBergen Drug Corporation and provide
adequate protection.

The hearing was originally set for July 20 and continued to
Thursday.  AmerisourceBergen has objected to the request.

The Court previously authorized GetWell Pharmacy to use the
remaining proceeds of the Paycheck Protection Program loan for
obligations incurred during the period from the Petition Date
through July 20, 2021, solely in the amounts and solely for the
purposes set forth in the Budget. Only after the remaining proceeds
of the PPP loan has been exhausted will the Debtor be authorized to
use ABDC's cash collateral for obligations incurred during the
period from the Petition Date through July 20, and solely in the
amounts and for the purposes set forth in the Budget.

As adequate protection of ABDC's interests against diminution in
value of its interests in the Property and Cash Collateral,
pursuant to Sections 361 and 363(e), the Debtor is authorized to,
grant, and upon entry of the Interim Order will be deemed to have
granted to ABDC continuing valid, binding, enforceable,
non-avoidable, and automatically perfected postpetition replacement
security interests in and liens, to the extent of and of the same
priority as its pre-petition security interests and liens in and on
the assets of the Debtor on any and all presently owned and
hereafter acquired assets and all proceeds thereof to the extent
that Lender maintained liens on such assets prior to the Petition
Date.

The Debtor consented to these terms:

     a. If the Debtor has not obtained an infusion of equity
capital which has been deposited in a Debtor bank account in an
amount of not less than $50,000 to be used as working capital on or
before July 20, the Debtor will cease taking any salary or other
compensation from the Debtor no more than 14 days after July 20,
2021, and will immediately commence an orderly liquidation of the
assets of the Debtor, in a manner acceptable to ABDC.

     b. As soon as practicable, the Debtor will market its
prescription files to any and all interested parties operating in
the Debtor's market area, and will provide any prospective
interested purchaser with such information as any such prospective
purchaser requests to enable that prospective purchaser to make an
offer to purchase the prescription files. The Debtor will
participate in a telephone call, no more than weekly to apprise
ABDC of the status of its marketing efforts and will provide all
relevant written communications.

     c. If Debtor fails to generate the weekly revenue stated in
the Budget, the Debtor consents to an expedited hearing requesting
termination of authorization to use Cash Collateral and grant such
other relief the Court deems just.

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

The Debtor projects $8,000 in sales and $2,801 in total expenses
for the week ending July 24.

                 About Getwell Pharmacy of Tennessee

Getwell Pharmacy of Tennessee sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No.  21-21598) on
March 13, 2021. In the petition signed by Rick Chambers, president,
the Debtor disclosed up tp $500,000 in assets and up to $1 million
in liabilities.

Judge M. Ruthie Hagan oversees the case.

Steven N. Douglass, Esq., at Harris Shelton, is the Debtor's
counsel.

AmerisourceBergen Drug Corporation is represented in the case by
Morton R. Branzburg, Esq. at Klehr Harrison Harvey Branzburg LLP.



GI DYNAMICS: To Effect 1-for-1,000 Reverse Stock Split
------------------------------------------------------
GI Dynamics, Inc. filed amendments to its Seventh Amended and
Restated Certificate of Incorporation, as amended: (i) to effect a
1-for-1,000 reverse stock split of its outstanding shares of common
stock, par value $0.01, whereby each 1,000 shares of Common Stock
registered in the name of a stockholder immediately prior to the
effective time of the Reverse Split were converted into one share
of Common Stock, except that shares of Common Stock owned by
stockholders owning fewer than 1,000 shares of Common Stock
immediately prior to the effective time of the Reverse Split were
converted into the right to receive a cash payment of $0.06 per
share of Common Stock owned by such stockholders prior to the
effective time of the Reverse Split, and (ii) immediately following
the Reverse Split, to effect a 1,000-for-1 forward stock split of
its Common Stock, whereby each share of Common Stock outstanding
upon consummation of the Reverse Split was converted into 1,000
shares of Common Stock.

As a result of the consummation of the Stock Split, stockholders
that owned fewer than 1,000 shares of Common Stock immediately
prior to the effective time of the Reverse Split were cashed out at
a price of $0.06 per share and are no longer stockholders of the
Company, and stockholders that owned 1,000 or more shares of Common
Stock immediately prior to the effective time of the Reverse Split
were not cashed out and the total number of shares held by them
remain unchanged.

The amendments to the Company's Certificate of Incorporation in
connection with the Stock Split were approved by unanimous written
consent of the Board of Directors of the Company on May 13, 2021,
and by written consent of the requisite number of stockholders
holding sufficient shares to approve such amendments on May 24,
2021.

Following the receipt of Board and stockholder approvals, on June
25, 2021, the Company filed a Definitive Information Statement on
Schedule 14C with the U.S. Securities and Exchange Commission,
which, among other things, informed stockholders of the materials
terms of the Stock Split and the approved amendments to the
Certificate of Incorporation prior to them taking effect.  The
Company mailed a copy of the Information Statement to its
stockholders on or around June 29, 2021.

As a result of the Stock Split, the number of record holders of the
Company's Common Stock was reduced to fewer than 300, thereby
allowing the Company to deregister its Common Stock under Section
12(g) of the Securities Exchange Act of 1934, as amended and
suspend its reporting obligations under Section 15(d) of the
Exchange Act. The Company intends to promptly file Form 15 with the
SEC, upon which the Company's obligation to file certain periodic
reports with the SEC, including Forms 10-K, 10-Q and 8-K, will be
immediately be suspended.  The Company expects that the
deregistration of its Common Stock will become effective 90 days
after the date of filing of Form 15 with the SEC.

                         About GI Dynamics

Founded in 2003 and headquartered in Boston, Massachusetts, GI
Dynamics, Inc. (ASX:GID) is a developer of EndoBarrier, an
endoscopically-delivered medical device for the treatment of type 2
diabetes and the reduction of obesity.

GI Dynamics reported a net loss of $11.14 million for the year
ended Dec. 31, 2020, compared to a net loss of $17.33 million for
the year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$4.47 million in total assets, $5.01 million in total liabilities,
and a total stockholders' deficit of $535,000.

Boston, Massachusetts-based Wolf and Company, P.C., the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated March 11, 2021, citing that the Company has suffered
losses from operations since inception and has an accumulated
deficit that raises substantial doubt about the Company's ability
to continue as a going concern.


GLOBAL COURIERS: Obtains Final Approval to Use Cash Collateral
--------------------------------------------------------------
Judge Charles R. Merrill authorized Global Couriers Inc. to use
cash collateral, on a final basis, pursuant to the approved
budget.

The Court ruled that Swift Financial LLC shall receive monthly
adequate protection payments of $1,879 for the Debtor's use of the
cash collateral.  The payments of $1,879 shall be incorporated into
the Debtor's Plan of Reorganization.

A copy of the final order is available for free at
https://bit.ly/3iuB0PU from PacerMonitor.com.

                       About Global Couriers

Global Couriers Inc., a trucking company based in Louisville, Ky.,
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. W.D. Ky. Case No. 21-31391) on June 28, 2021. In the
petition signed by Alma W. Watkins, treasurer, the Debtor disclosed
up to $500,000 in both assets and liabilities.  Judge Charles R.
Merrill oversees the case.  David M. Cantor, Esq., at Seiller
Waterman, LLC, is the Debtor's legal counsel.


GOLDEN OIL: Court Confirms Parent-Backed Plan
---------------------------------------------
Judge Eduardo Rodriguez has entered an order confirming the Plan of
Golden Oil Holding Corporation.

Section 1129(a)(8) of the Bankruptcy Code requires that, with
respect to each class of claims or interests, such class has either
accepted the Plan or is not impaired under the Plan.  Every class
of claims or interests either (i) has accepted the Plan, (ii) is
not impaired under the Plan, or (iii) is deemed to have rejected
the Plan pursuant to Sec. 1126(g) of the Bankruptcy Code.  Under
the Plan, Classes 4, 5, and 6 of creditors are impaired and
entitled to vote on the Plan. The required number of creditors and
amount of creditor claims in Classes 4, 5, and 6 have voted to
accept the Plan and satisfies the requirements of Sec. 1126(c).

Golden Oil Holding Corporation submitted a First Amended Combined
Plan of Reorganization and Amended Disclosure Statement.

The Debtor's plan is simple -- the Debtor's parent company intends
to pay a sum of funds into the estate to be used to satisfy in full
all legitimate claims allowed against the Debtor.

Under the Plan, Class 4 All Other Allowed Unsecured Claims shall
will be paid in full, without interest, in four equal quarterly
installments commencing on the first day of the first calendar
quarter after the Effective Date. Class 4 is impaired.

Class 5 Subordinated Unsecured Claims. Allowed Class 5 Claims shall
receive no distribution under the DS/Plan until all other claims
are satisfied as set forth herein.

Attorneys for the Debtor:

     Hoover Slovacek LLP
     EDWARD L. ROTHBERG
     State Bar No. 17313990
     5051 Westheimer, Suite 1200
     Houston, Texas 77056
     Telephone: 713.977.8686
     Facsimile: 713.977.5395
     E-mail: rothberg@hooverslovacek.com

A copy of the Disclosure Statement dated July 14, 2021, is
available at https://bit.ly/3yVfGtk from PacerMonitor.com.

                         About Golden Oil

Based in Houston, Texas, Golden Oil Holding Corporation, a
privately held company in Houston, Texas, in the oil and gas
extraction business, filed a voluntary Chapter 11 petition (Bankr.
S.D. Tex. Case No. 18-31594) on March 30, 2018.  The petition was
signed by Ralph McElvenny, president and director.  At the time of
filing, the Debtor estimated assets of $1 million to $10 million
and estimated liabilities of $100,000 to $500,000.  The case is
assigned to Judge Karen K. Brown.  The Debtor is represented by
Edward L. Rothberg, Esq., at Hoover Slovack, LLP, in Houston,
Texas.


GORDON BROTHERS: Affiliate Wins Cash Collateral Access
------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Washington
has authorized Kamiak Vineyards Inc., an affiliate of Gordon
Brothers Cellars, Inc. to use cash collateral, consistent with the
budget through August 31, 2021.

The Court says that all other aspects of the prior cash collateral
order entered on May 27 will remain unchanged.

A copy of the Stipulated Order and the Debtor's master budget is
available for free at https://bit.ly/3wZ7J57 from
PacerMonitor.com.

The Debtor projects total income of $114,000 and total expenses of
$98,246 for July 2021.

               About Gordon Brothers Cellars, Inc.

Gordon Brothers Cellars, Inc. owns and operates a wine business.
Gordon Brothers Cellars sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 20-02003) on
November 6, 2020. In the petition signed by Jeffrey J. Gordon,
president, the Debtor disclosed $447,844 in assets and $2,148,304
in liabilities.

Gordon Brothers Cellars' case is jointly administered with the
Chapter 11 case of Kamiak Vineyards Inc., which sought bankruptcy
protection (Bankr. E.D. Wash. Case No. 20-02038) on November 17,
2020.  Gordon Brothers Cellars' is the lead case.

Judge Whitman L. Holt oversees the cases.

John W. O'Leary, Esq., at Gravis Law, PLLC, represents the Debtor.

Kevin O'Rourke is the Chapter 11 Subchapter V Trustee.

Jason Ayres, Esq., and Todd Reuter, Esq., at Foster Garvey P.C.,
represent Bank of Eastern Washington.

Michael Paukert, Esq., at Paukert & Troppmann, PLLC, represents
Equitable Financial Life Insurance Company.



HARLAN REAL: Gets OK to Hire Harris Law Practice as Legal Counsel
-----------------------------------------------------------------
Harlan Real Estate, LLC received approval from the U.S. Bankruptcy
Court for the District of Nevada to hire Harris Law Practice, LLC
to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     (a) examining and preparing the records and reports as
required by the Bankruptcy Code, Federal Rules of Bankruptcy
Procedure and Local Bankruptcy Rules;
  
     (b) preparing the applications and proposed orders to be
submitted to the court;

     (c) identifying and prosecuting the claims and causes of
action asserted by the Debtor on behalf of the estate;

     (d) examining the proofs of claim anticipated to be filed and
the possible prosecution of objections to certain of such claims;

     (e) advising the Debtor and preparing documents in connection
with the contemplated ongoing operation of the Debtor's business,
if any;

     (f) assisting and advising the Debtor in performing other
official functions as set forth in Section 521 of the Bankruptcy
Code; and

     (g) advising and preparing a plan of reorganization,
disclosure statement and related documents, and confirmation of
said plan as provided in Section 1101 of the Bankruptcy Code.

The firm will be paid on a contingency fee basis. Upon sale of the
Debtor's properties, the firm shall be entitled to 50 percent of
the proceeds from the gross sales.

Stephen Harris, Esq., the firm's attorney who will be providing the
services, disclosed in a court filing that he is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Stephen R. Harris, Esq.
     Harris Law Practice LLC
     6151 Lakeside Drive, Suite 2100
     Reno, NV 89511
     Tel.: (775) 786-7600
     Email: steve@harrislawreno.com

                      About Harlan Real Estate

Reno, Nev.-based Harlan Real Estate, LLC filed a Chapter 11
petition (Bankr. D. Nev. Case No. 21-50405) on May 27, 2021.  At
the time of the filing, the Debtor had $1,001,000 in total assets
and $7,232 in total liabilities. Rollin Lazzarone, the managing
member, signed the petition.  Judge Bruce T. Beesley oversees the
case.  Stephen R. Harris, Esq., of Harris Law Practice, LLC, serves
as the Debtor's legal counsel.


HENRY HOLDINGS: Moody's Puts B2 CFR Under Review for Upgrade
------------------------------------------------------------
Moody's Investors Service placed Henry Holdings, Inc.'s (operating
as Henry Company (Henry)) ratings on review for upgrade, including
the company's B2 Corporate Family Rating, B2-PD Probability of
Default Rating, and the B2 rating on the company's senior secured
bank credit facility. The review follows an announcement that
Carlisle Companies Inc. (Carlisle, Baa2 stable) will acquire Henry
from affiliates of American Securities LLC (American Securities) in
an all cash transaction valued at approximately $1.575 billion.
American Securities acquired Henry in October 2016. Closing is
expected in Q3 2021.

Moody's views the proposed transaction as credit positive for
Henry, since Carlisle is higher rated, larger, with $4.2 billion in
revenue, and better capitalized than Henry.

The following ratings/assessments are affected by the actions:

On Review for Upgrade:

Issuer: Henry Holdings, Inc.

Corporate Family Rating, Placed on Review for Upgrade, currently
B2

Probability of Default Rating, Placed on Review for Upgrade,
currently B2-PD

Senior Secured Bank Credit Facility, Placed on Review for Upgrade,
currently B2 (LGD4)

Outlook Actions:

Issuer: Henry Holdings, Inc.

Outlook, Changed To Rating Under Review From Stable

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

The rating review will focus on Henry's bank debt and the support
to which Carlisle will provide this bank debt such as a downstream
guarantee. The bank credit facility consists of a revolving credit
facility and a term loan. The revolving credit facility and term
loan both have a first lien priority security on substantially all
Henry's assets. However, Moody's believes that Carlisle will repay
Henry's term loan and cancel the revolving credit facility, at
which time Moody's would withdraw all of ratings assigned to Henry,
including the outlook.

Henry's B2 Corporate Family Rating reflects Moody's expectation
that leverage will remain high (4.5x at Q1 2021). Customer
concentration is an additional challenge. Robust operating
performance provides an offset to high leverage. Good cash flow,
revolver availability and growth in end markets further support
Henry's credit profile.

Henry Company, headquartered in El Segundo, California, is a North
American developer and manufacturer of roofing products and other
building envelope applications for residential and commercial
construction markets. American Securities, through its affiliates,
is the current owner of Henry.

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


HERON DEVELOPMENT: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Heron Development, LLC
        5491 County Road 427
        Auburn, IN 46706

Chapter 11 Petition Date: July 21, 2021

Court: United States Bankruptcy Court
       Northern District of Indiana

Case No.: 21-10912

Debtor's Counsel: R. William Jonas, Jr., Esq.
                  MAY OBERFELL LORBER
                  4100 Edison Lakes Pkwy #100
                  Mishawaka, IN 46545
                  Tel: 574-243-4100
                  Fax: 574-232-9798
                  Email: RJonas@maylorber.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Stephen D. Brown, managing member.

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/BAA5WIA/Heron_Development_LLC__innbke-21-10912__0001.0.pdf?mcid=tGE4TAMA


HILLMAN SOLUTIONS: Fitch Assigns Final 'BB-' IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has assigned Hillman Solutions Corp. (HLMN) a final
Long-Term Issuer Default Rating (LT IDR) of 'BB-'. Meanwhile, The
Hillman Group, Inc's LT IDR was upgraded to 'BB-' from 'CCC+'.
Fitch also assigned a final rating of 'BB'/'RR2' to the company's
new senior secured term loan facilities. The Rating Outlook is
Stable. The Hillman Companies, Inc's LT IDR was withdrawn as a
result of the transaction.

The company has completed the de-SPAC transaction with no share
redemptions. It used the new $851 million of term loan borrowings,
$93 million of asset backed loans (ABL) borrowings, along with
equity proceeds to repay and replace its legacy debt structure. The
rating actions reflect Hillman's strengthened credit profile as a
result of the transaction which has led to significantly lower
leverage, higher profitability and a more diverse ownership
profile. These strengths are weighed against relatively weaker
business model aspects such as the high degree of customer
concentration and commodity-like nature of HLMN's products

Fitch has withdrawn The Hillman Companies Inc's LT IDR of 'CCC+' as
it has undergone a reorganization as a result of its acquisition by
Landcadia Holdings III, Inc. renamed, Hillman Solutions Corp.
Accordingly, Fitch Ratings will no longer provide Ratings or
analytical coverage for The Hillman Companies, Inc. Hillman
Solutions Corp is the new parent and reporting entity.

KEY RATING DRIVERS

Meaningfully Lower Leverage: Following the completion of the
transaction with no meaningful redemptions, Fitch expects
debt/EBITDA to decline to the high 3.0x range in 2021 from 6.8x at
fiscal YE 2020. In addition, Fitch expects the company to maintain
more moderate financial leverage going forward reflecting more
conservative financial policies. Fitch anticipates an ongoing level
of bolt-on acquisitions that could limit further deleveraging but
should not push leverage materially higher.

Strengthening FCF: Cash flow generation and financial flexibility
will also improve with substantially lower interest costs. Fitch
believes FCF margins (excluding anticipated transaction costs)
could improve to the mid-single-digits compared with negative to
break-even FCF over 2018-2019, assuming EBITDA margins of around
16%. FFO interest coverage is also expected to meaningfully improve
to over 5.0x compared to the low 2.0x range in 2020.

Strong Performance Through the Pandemic: HLMN has performed better
than expected in 2020, reflecting strength in home repair and
remodeling markets driving growth in fasteners and personal
protective supplies, leading to low double-digit revenue growth in
2020. Growth in these markets is expected to moderate in 2021 even
as other businesses that were negatively impacted by the pandemic
such as HLMN's full-service and self-service key replication
improve.

Historically Muted Cyclicality: Fitch believes the company's
cyclicality will be relatively muted compared to other diversified
manufacturers. The company benefits from significant exposure to
home remodeling and renovations rather than new construction. Its
products are also low cost and subject to less price sensitivity in
a downturn. This is underscored by healthy top-line growth in 2020
and only a moderate decline of about 5% in 2009.

Customer Concentration: The company has a concentrated retail
customer base, and there is risk that the loss of all or part of a
large customer could meaningfully reduce its scale with limited
opportunity to recoup lost volumes elsewhere. This risk is
mitigated by the company's track record of maintaining
long-standing relationships with core remodeling hardware
retailers. Home Depot and Lowes are the largest customers,
accounting for 26% and 23% of HLMN's 2020 revenue, respectively.
These customers regularly undertake product line reviews of their
vendors every few years to determine whether and to what extent
they will continue to purchase certain products from a particular
vendor.

Commodity-like Products: HLMN has a fairly commoditized product mix
across the majority of its business, particularly as it relates to
much of its fasteners, hardware, and personal protective products,
which account for more than three-fourths of revenue. Its key
cutting and kiosk offerings have a relatively higher technology
component, although there are competing offerings in the market. In
addition, HLMN sets itself apart through the service it provides
managing its SKU-intensive categories for its main retailers.

Ownership Profile Diluted: While ownership concentration remains,
the share of HLMN's legacy investors (primarily private equity firm
CCMP) is expected to be more diluted, down to 49%. The transaction
signals the private equity owners' path to exiting the business and
a decreasing risk associated with concentrated ownership, such as
aggressive financial policies. Fitch believes it is likely that the
sponsor will continue to exit its position in the position.

DERIVATION SUMMARY

Fitch compares HLMN to Park River Holdings (IDR B), a building
products distributor, and Spectrum Brands (IDR BB) a consumer
products company with large operations in home improvement hardware
and related products. HLMN and Park River have a high degree of
commodity-like products and have a high degree of customer
concentration, namely to big box retail stores. Comparatively,
Spectrum is notably larger and benefits from a greater product line
diversity as well as strong brands and solid market positions.

HLMN's leverage, after considering the transaction, is expected to
be significantly below Park River's, which Fitch expects to be
around 7.1x on a pro forma basis at YE2021 and 6.5x at YE 2022.
Fitch expects Spectrum's leverage to trend around 4.0x beginning in
2021, absent debt financed acquisitions, and that it will operate
around 4.0x going forward.

KEY ASSUMPTIONS

-- Organic growth is positive in the low-single digits in 2021 as
    good home improvement tailwinds annualize and broader retail
    reopening ensue. Fitch assumes low-single digit organic growth
    thereafter;

-- EBITDA margins of 16% in 2021 which remain fairly steady
    thereafter;

-- Significantly lower interest costs support FCF margins in the
    mid-single digits;

-- The company prioritizes deleveraging while balancing an
    appetite for M&A.

RATING SENSITIVITIES

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

-- The company achieves a more diverse product line and reduces
    exposure to large customers;

-- Expectations that debt/EBITDA will be maintained below 3.3x.

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

-- Expectations that debt/EBITDA will be maintained above 4.0x;

-- FCF margin in the low-single digits or lower;

-- The company experiences a loss of a large customer.

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

New Debt Structure: In connection with the transaction, the company
issued a new $835 million term loan, borrowed $16 million under the
new $200 million delayed draw term loan, and had about $93 million
of drawings under the ABL credit facility. The proceeds were used
to repay and refinance HLMN's legacy debt structure.

Sufficient Liquidity: At the close of the transaction the company
had access to a $250 million ABL credit facility and $55 million of
cash. The term loans amortize at 1% per year and the ABL facility
matures first in 2026.

ISSUER PROFILE

Hillman distributes hardware-related products and provides
merchandising services to retail outlets including hardware stores,
home centers, and mass merchants among others. Its product offering
includes fasteners, hardware, personal protective products key
engraving and various self-service kiosks.

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.


HILLTOP AT DIA: Seeks to Hire East-West Econometrics as Appraiser
-----------------------------------------------------------------
Hilltop at DIA, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Colorado to employ East-West Econometrics, Inc.
to conduct an appraisal of its real property in Aurora, Colo.

The property is a 134-acre development land located near Denver
International Airport.  An appraisal of the property is necessary
for the Debtor to obtain post-petition financing, explore a
possible sale of the property, and prepare a Chapter 11 plan of
reorganization.

East-West Econometrics has agreed to appraise the property for a
flat fee of $2,850 and may offer testimony at court hearings.  Its
customary rates for such testimony and related work range from $150
to $250 per hour.  Meanwhile, the firm charges $125 per hour for
travel time.

Martin Steven Kane, an appraiser at East-West Econometrics,
disclosed in a court filing that his firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Martin Steven Kane
     East-West Econometrics, Inc.
     P.O. Box 127
     Louviers, CO 80131
     Office Phone: (888) 704-1644
     Email: stevekane@ewcolo.com

                       About Hilltop at DIA

Englewood, Colo.-based Hilltop at DIA, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No.
21-13309) on June 23, 2021. The petition was signed by Michael D.
Graham of Sebastian Partners, LLC, manager of the Debtor.  In the
petition, the Debtor disclosed assets of between $10 million and
$50  million and liabilities of the same range.  Judge Thomas B.
Mcnamara oversees the case.  Onsager Fletcher Johnson, LLC is the
Debtor's legal counsel.  


IRIDIUM SATELLITE: S&P Rates New Credit Facilities 'BB-'
--------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '2'
recovery rating to Iridium Satellite LLC's proposed term loan. The
'2' recovery rating indicates its expectation for substantial
recovery (70%-90%; rounded estimate: 75%) in the event of a payment
default. The company plans to reprice its existing facility without
materially changing the terms or conditions. S&P views the
transaction as slightly favorable for Iridium Communications Inc.'s
credit quality because it will lower its interest expense and
modestly improve its free operating cash flow (FOCF). However, the
rating also incorporates our expectation that management will use
its FOCF to fund share repurchases over the next year such that its
gross debt to EBITDA remains above its 4x upgrade trigger.





ISLAND VIEW: Trustee Taps KapilaMukamal as Tax Accountant
---------------------------------------------------------
Kevin O'Halloran, the Chapter 11 trustee appointed in Island View
Crossing II, L.P.'s bankruptcy case, seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to hire
KapilaMukamal, LLP as his tax accountant.

The firm's services include:

     (a) preparing and filing of the Debtor's tax returns;

     (b) attending meetings with the trustee and his legal counsel
and with tax authorities, if necessary;

     (c) preparing tax projections and analysis, if necessary; and
   
     (d) resolving any tax compliance matters, if necessary.

Lesley Johnson, the firm's certified public accountant who will be
providing the tax services, will be paid at an hourly rate of $490.
Other professionals of the firm will be paid at hourly rates
ranging from $170 to $690.

Barry Mukamal, a partner at KapilaMukamal, 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:
  
     Barry E. Mukamal, CPA
     KapilaMukamal, LLP
     1000 South Federal Hwy, Suite 200
     Fort Lauderdale, FL 33316
     Tel.: 954-761-1011
     Fax: 954-761-1033
     Email: bmukamal@kapilamukamal.com

                   About Island View Crossing II

Island View Crossing II, L.P., Calnshire Estates, LLC and Steeple
Run, LP filed their respective Chapter 11 petitions (Bankr. E.D.
Pa. Case Nos. 17-14454, 17-14457 and 17-14458, respectively) on
June 30, 2017.

Island View, Calnshire Estates, and Steeple Run are affiliates of
One State Street Associates which filed a voluntary petition on
June 21, 2017 (Bankr. E.D. Pa. Case No. 17-14291).  The Debtors are
managed by Renato J. Gualtieri, a real estate developer based in
Langhorne, PA.

The Debtors' individual cases have not been ordered to be jointly
administered or consolidated and thus, each Debtor has its own
separate bankruptcy estate.  The Hon. Eric L. Frank presides over
these cases.

The petitions were signed by Renato J. Gualtieri, president of the
Debtors' corporate general partner.

At the time of the filing, Calnshire Estates estimated assets of
between $10 million and $50 million and liabilities of between $1
million and $10 million.  Island View Crossing and Steeple Run
estimated their assets and debts at $1 million to $10 million.

The Debtors tapped Smith Kane Holman, LLC as their bankruptcy
counsel, and Stradley Ronon Stevens & Young, LLP as special
litigation counsel.

On Jan. 30, 2018, the U.S. Trustee for Region 3 appointed Kevin
O'Hallaron as the Chapter 11 trustee in the case of Island View
Crossing II, L.P.  The trustee tapped Karalis PC as bankruptcy
counsel, Newbridge Management LLC as financial advisor, and
KapilaMukamal, LLP as tax accountant.


J. HUNTER: Wins Cash Collateral Access Thru Aug 31
--------------------------------------------------
J. Hunter Properties, LLC sought and obtained entry of an order
from the U.S. Bankruptcy Court for the District of New Hampshire
authorizing the use of cash collateral in the ordinary course of
business through August 31, 2021.

The Debtor requires the use of cash collateral to preserve the
operations, value, and integrity of the Debtor's business.

RFLF1, LLC has asserted a secured lien on the Debtor's real estate
located at 419 Ocean Boulevard, Hampton, New Hampshire and 467
Ocean Boulevard, Hampton, New Hampshire. The Debtor operates the
Seagull Inn out of the property at 419 Ocean Boulevard, Hampton,
New Hampshire. The Debtor has operated the Seagull Inn for 7 years,
since 2014.

Eastern Bank and Yamajala Real Estate, LLC have asserted a secured
lien on the Debtor's real estate located at 417 Ocean Boulevard,
Unit 5, Hampton, New Hampshire, as first and second lienholders
respectively.

Investor Capital has asserted a secured lien on the Debtor's real
estate located at 148 Joy Street, Chicopee, Massachusetts.

At this time, the Debtor believes that RFLF1, LLC, Eastern Bank,
and Investor Capital hold a first priority liens on the
pre-petition cash collateral while Yamajala Real Estate, LLC holds
a second priority lien.

As of the Petition date, the Secured Creditors have an interest in
the cash collateral. According to the Debtor, the Secured
Creditors' claims do not exceed $1,605,136 and are substantially
secured by the Debtor's real estate.

RFLF1 has a blanket mortgage on the Debtor's property at 419 Ocean
Boulevard, Hampton, New Hampshire and 467 Ocean Boulevard, Hampton,
New Hampshire in the amount of $1,101,136.

Eastern Bank has a first mortgage on the Debtor's property at 417
Ocean Boulevard, Unit 5, Hampton, New Hampshire in the amount of
$95,000.

Yamajala has a second mortgage on the Debtor's property at 417
Ocean Boulevard, Unit 5, Hampton, New Hampshire in the amount of
$285,000.

Investor Capital has a first mortgage on the Debtor's property at
148 Joy Street, Chicopee, Massachusetts in the amount of $124,000.

On the Petition date, the cash collateral consisted of
approximately $0 in cash, and the real estate valued at
$2,640,000.

The Debtor said it was compelled to seek relief under the
Bankruptcy Code because a foreclosure sale on the Debtor's
properties at 419 Ocean Boulevard, Hampton, New Hampshire and 467
Ocean Boulevard, Hampton, New Hampshire was being held by RFLF1.

The Debtor's mortgage matured on April 12, 2021, and the Debtor was
unable to obtain financing to pay the remaining balance, and
therefore a foreclosure sale by the secured lender, RFLF1 was
scheduled.

The Debtor's Budget projects the amount of the projected receipts
and disbursements as required by LBR 4001-2(d) and shows that the
Debtor will be able to meet its secured lien payments and operating
expenses during the Use Period.

The Debtor believes RFLF 1 has a security interest in cash
collateral on its Assignment of Rents and Leases. The Debtor
proposes granting RFLF 1 a replacement lien on the estate's
post-petition accounts receivable and the cash proceeds thereof.
The proposed replacement lien will have the same priority,
validity, and enforceability as such existing liens on the
Pre-Petition Cash Collateral, but will only be recognized to the
extent of the diminution in value, if any, of the Pre-Petition Cash
Collateral resulting from the Debtor's use of cash collateral
during the Budget Period.

RFLF 1, LLC, Eastern Bank, Yamajala Real Estate, LLC and Investor
Capital, are allowed postpetition replacement liens pursuant to 11
U.S.C. Section 552(b)(2) in all property described in Section
552(b) and generated by or from the real property in which secured
creditors, RFLF1, LLC, Eastern Bank, Yamajala Real Estate, LLC, and
Investor Capital, respectively, held validly perfected and not
avoidable liens and security interests as of the Petition Date,
including rents and other proceeds. The Replacement Liens will
maintain the same priority, validity and enforceability as such
pre-petition liens on the Cash Collateral, but will be recognized
only to the extent of any diminution in the value of the Collateral
resulting from the use of cash Collateral pursuant to the Order.

The Debtor will pay RFLF1, LLC, Eastern Bank and Investor Capital
their monthly payments of $11,000, $774 and $1,100, respectively,
each month commencing August 1. These payments will continue
pending further order of the Court.

A final hearing on the Debtor's use of Cash Collateral is scheduled
for August 17 at 9 a.m.

A copy of the motion is available at https://bit.ly/3rif1iM from
PacerMonitor.com.

A copy of the order and the Debtor's budget for July 15 to August
31 is available at https://bit.ly/3xMVuK1.

The Debtor projects $30,176.74 in total income and $17,126.72 in
total expenses for August.

                  About J. Hunter Properties, LLC

J. Hunter Properties, LLC  is a New Hampshire Limited Liability
Company which buys, owns and holds real estate in the State of New
Hampshire and Massachusetts, with a principal business office at
314 Lafayette Road, Suite 3, Hampton, New Hampshire. Jessica Lapa
is the Manager of J. Hunter Properties, LLC. The Debtor has been in
the real estate purchasing, owning and holding business for over
seven years.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. N.H. Case No. 21-10429) on July 15,
2021. In the petition signed by Jessica Lapa, manager, the Debtor
disclosed up to $10 million in both assets and liabilities.

Eleanor Wm. Dahar, Esq. at Victor W. Dahar Professional Association
is the Debtor's counsel.



JONES SODA: Plans Strategic Entry Into Cannabis Sector
------------------------------------------------------
Jones Soda Co. has issued to SOL Global Investments Corp. a
US$2,000,000 unsecured convertible debenture and has entered into a
non-binding term sheet dated July 14, 2021 with Pinestar Gold Inc.,
a Canadian Reporting Issuer, and SOL.  Jones intends to use the
proceeds of the Convertible Debenture and transactions outlined in
the Term Sheet exclusively for transaction costs and the expansion
of Jones' business to the production and sale of
cannabis-containing beverages, edibles and related products.

Jones intends to operate its planned cannabis operations through
one or more subsdiaries that are separate from its craft beverage
business.

"We believe that Cannabis-infused beverages and edibles are a
perfect fit for the iconic personality of the Jones brand, and that
the proposed transactions will lay the groundwork for a strategic
transformation of the Company to an additional business line that
we feel builds on our current business model," said Mark Murray,
president and CEO of Jones.  "We are also confident that SOL, along
with certain large shareholders of Pinestar will provide Jones with
the knowledge, expertise and resources necessary to help us deliver
on our growth plans within the cannabis sector," added Mr. Murray.

The proposed transactions outlined in the Term Sheet are subject
to, amongst other conditions, due diligence by the parties, the
negotiation and execution of a definitive agreement, approval of
any applicable regulators, including any applicable securities
exchanges, and approval by both the shareholders of Pinestar and
the Supreme Court of British Columbia.

Proposed Transaction Steps Outlined in Term Sheet

Under the terms of the Term Sheet, Jones intends to acquire all of
the outstanding common shares of Pinestar (after a planned
consolidation of such shares) and warrants exercisable into common
shares of Pinestar in exchange for an aggregate of 4,000,000 shares
of Jones common stock and 1,674,808 warrants exercisable into Jones
Shares as part of a statutory plan of arrangement under the
Business Corporations Act (British Columbia) and in reliance on
applicable exemptions from the prospectus and registration
requirements under Canadian and United States securities laws.

The Term Sheet also provides that Pinestar intends to complete an
offering of subscription receipts that is expected to be subscribed
for by SOL and certain significant shareholders of Pinestar, one of
whom is Marc Lustig, a well-known and respected Canadian
entrepreneur, capital markets executive and investor, or their
respective contacts and partners, for minimum aggregate gross
proceeds of US$8,000,000, at a price per Subscription Receipt equal
to US$0.50.  The Subscription Receipts are intended to
automatically convert into units of Pinestar on a one-for-one basis
if certain conditions relating to the Plan of Arrangement are met,
with each Pinestar Unit expected to consist of one common share of
Pinestar Share and one new share purchase warrant of Pinestar,
which are then expected to be immediately exchanged for, or
adjusted into, Jones Units as part of the Plan of Arrangement in
accordance with a 1:1 exchange ratio.

Convertible Debenture

The Convertible Debenture is convertible into units of Jones, with
each Jones Unit consisting of one Jones Share and one share
purchase special warrant of Jones.  Each Jones Special Warrant will
be exercisable into one Jones Share at a price of US$0.625 per
share for a period of 24 months from the date of issuance,
conditional upon Jones increasing its authorized capital to an
amount to cover the Jones Shares issuable pursuant to all of the
outstanding Jones Special Warrants as well as the other Jones
Shares issuable pursuant to the then outstanding
convertible/exercisable securities of Jones. Pursuant to the terms
of the Convertible Debenture, upon satisfaction or waiver of the
conditions precedent to the closing of the Plan of Arrangement, the
entire principal amount on the Convertible Debenture and all
accrued interest thereon shall automatically convert into Jones
Units at a conversion price of US$0.50 per Jones Unit.  The terms
of the Convertible Debenture also provide that Jones shall use the
principal amount of the Convertible Debenture exclusively for the
costs and expenses associated with pursuing and completing the Plan
of Arrangement, and for the purpose of expanding Jones' business to
the production of cannabis-containing beverages and related
products.

Jones also signed a registration rights agreement with SOL, whereby
Jones has agreed to register with the United States Securities and
Exchange Commission the resale of the Jones Shares issuable upon
the conversion of the Convertible Debenture and the exercise of the
Jones Special Warrants.
  
                          About Jones Soda

Headquartered in Seattle, WA, Jones Soda Co. -- www.jonessoda.com
-- develops, produces, markets and distributes premium beverages
primarily in the United States and Canada through its network of
independent distributors and directly to its national and regional
retail accounts.  The Company also sells products in select
international markets.  The Company's products are sold in grocery
stores, convenience and gas stores, on fountain in restaurants, "up
and down the street" in independent accounts such as delicatessens,
sandwich shops and burger restaurants, as well as through its
national accounts with several large retailers.

Jones Soda reported a net loss of $3 million for the year ended
Dec. 31, 2020, compared to a net loss of $2.78 million for the year
ended Dec. 31, 2019.  As of March 31, 2021, the Company had $8.21
million in total assets, $3.72 million in total liabilities, and
$4.49 million in total shareholders' equity.

Seattle, Washington-based BDO USA, LLP, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
March 24, 2021, citing that the Company has suffered recurring
losses from operations and has negative cash flows from operating
activities that raise substantial doubt about its ability to
continue as a going concern.


KADMON HOLDINGS: U.S. FDA Grants Full Approval of REZUROCK
----------------------------------------------------------
Kadmon Holdings, Inc. announced that the U.S. Food and Drug
Administration (FDA) has approved REZUROCK (belumosudil) 200 mg
once daily (QD) for the treatment of adult and pediatric patients
12 years and older with chronic graft-versus-host disease (cGVHD)
after failure of at least two prior lines of systemic therapy.  The
FDA granted Breakthrough Therapy designation and Priority Review
for REZUROCK and reviewed the New Drug Application (NDA) under the
Real-Time Oncology Review (RTOR) pilot program.  The FDA approved
this NDA six weeks ahead of the Prescription Drug User Fee Act
(PDUFA) goal date of Aug. 30, 2021.  REZUROCK is the first and only
FDA-approved small molecule inhibitor of ROCK2, a signaling pathway
that modulates inflammatory responses and fibrotic processes.

"REZUROCK represents a new treatment paradigm for thousands of
cGVHD patients, including those with difficult-to-treat
manifestations like fibrosis," said Corey Cutler, MD, MPH, FRCPC,
Associate Professor of Medicine at Harvard Medical School and
Medical Director, Adult Stem Cell Transplantation Program at the
Dana-Farber Cancer Institute.  "REZUROCK has shown robust and
durable responses across the spectrum of cGVHD and is safe and well
tolerated, allowing patients to stay on therapy and achieve
meaningful benefit from treatment."

The FDA approval of REZUROCK is based on safety and efficacy
results from ROCKstar (KD025-213), a randomized, open-label,
multicenter pivotal trial of REZUROCK in patients with cGVHD who
had received two to five prior lines of systemic therapy.  There
were 65 patients treated with REZUROCK 200 mg taken orally QD.  The
median time from cGVHD diagnosis was 25.3 months and 48% of
patients had four or more organs involved.  Patients had cycled
through a median of 3 prior lines of systemic therapy and 78% were
refractory to their last therapy.  REZUROCK 200 mg QD achieved an
Overall Response Rate (ORR) of 75% through Cycle 7 Day 1 of
treatment (95% Confidence Interval (CI): 63, 85), with 6% achieving
a complete response and 69% achieving a partial response.  The
median time to first response was 1.8 months.  Sixty-two percent of
responders did not require new systemic therapy for at least 12
months following response.  The median duration of response,
calculated from first response to progression, death, or new
systemic therapies for chronic GVHD, was 1.9 months. ORR results
were supported by clinically meaningful improvement from baseline
in the Lee Symptom Scale (LSS) score, a chronic GVHD symptom
measurement, in 52% of patients through Cycle 7 Day 1 of
treatment.

"Patients receiving REZUROCK reported significant improvements in
cGVHD symptoms, showing that not only did treatment result in organ
responses, but it also made people feel better.  This is so
important for a chronic disease with a high symptom burden," said
Stephanie Lee, MD, MPH, Professor at the Fred Hutchinson Cancer
Research Center and the University of Washington School of
Medicine, and Research Director of the Long-Term Follow-Up Program
at Fred Hutchinson.

REZUROCK has been well tolerated and adverse events have been
consistent with those expected in patients with advanced cGVHD
receiving corticosteroids and/or other immunosuppressants.

"We are proud to introduce REZUROCK as a new treatment that
uniquely addresses the underlying inflammatory and fibrotic
pathophysiology of chronic GVHD," said Harlan W. Waksal, MD,
President and CEO of Kadmon.  "Thank you to the patients, their
families and caregivers, who are the center of our focus in
achieving this significant milestone.  We have built a
hematology/oncology-experienced commercial team and we look forward
to rapid adoption of REZUROCK for patients in need."

REZUROCK is expected to be available in the United States by late
August 2021.

The NDA for REZUROCK is part of Project Orbis, an initiative of the
FDA Oncology Center of Excellence that provides a framework for
concurrent submission and review of oncology drugs among
participating international health authorities.

                       About Kadmon Holdings

Based in New York, Kadmon Holdings, Inc. -- http://www.kadmon.com
-- is a clinical-stage biopharmaceutical company that discovers,
develops and delivers transformative therapies for unmet medical
needs.  The Company's clinical pipeline includes treatments for
immune and fibrotic diseases as well as immuno-oncology therapies.

Kadmon reported a net loss attributable to common stockholders of
$111.03 million for the year ended Dec. 31, 2020, compared to a net
loss attributable to common stockholders of $63.43 million for the
year ended Dec. 31, 2019.  As of March 31, 2021, the Company had
$335.11 million in total assets, $275.90 million in total
liabilities, and $59.20 million in total stockholders' equity.


KRISJENN RANCH: Expects Sale Plan to Pay 100% to Unsecureds
-----------------------------------------------------------
KrisJenn Ranch, LLC, et al., submitted a First Amended Joint
Disclosure Statement to their Substantively Consolidated Plan of
Reorganization dated July 19, 2021.

The First Amended Plan of Reorganization proposes to substantively
consolidate all three Debtors into KrisJenn Ranch, LLC to pay
creditors of KrisJenn Ranch, LLC, KrisJenn Ranch LLC, Series Uvalde
Ranch, and KrisJenn Ranch LLC, Series Pipeline Row (the "Debtors")
from the sale of real property and/or pipeline rights.

As a result of the substantive consolidation, (a) all Intercompany
Claims by and among the Debtors, will be eliminated; (b) any
obligation of any of the Debtors and all guarantees thereof
executed by any of the Debtors will be deemed to be an obligation
of each of KrisJenn Ranch, LLC; (c) any Claim filed or asserted
against any of the Debtors will be deemed a Claim against KrisJenn
Ranch, LLC; (d) any Interest in any of the Debtors will be deemed
an Interest in KrisJenn Ranch, LLC; and (e) for purposes of
determining the availability of the right of setoff under section
553 of the Bankruptcy Code, the Debtors will be treated as one
entity, KrisJenn Ranch, LLC, so that debts due to any of the
Debtors may be offset against the debts owed by any of the
Debtors.

The Plan provides for paying real estate taxes, administrative
claims, one secured class for the Mcleod Oil debt, and 100% of the
unsecured debt.

Debtors shall pay their secured creditor, Mcleod Oil, based on the
secured creditor's exercise of its option over the Express Pipeline
and the timing of the sale of the KrisJenn Ranch (the "Ranch"). If
the Ranch sells prior to execution of the Mcleod Option, then the
proceeds of the Ranch shall be used to pay the allowed Mcleod
claim. If the Ranch does not sell prior to execution of the Mcleod
Option, then the funds from the sale of the Express Pipeline to
Mcleod shall be used to pay the allowed Mcleod claim and any
remaining amounts owed shall be paid from sale of the Ranch or by
Debtor obtaining Ranch financing. If Mcleod rejects its option over
the Express Pipeline, then Debtors shall pay Mcleod its allowed
claim within 180 days of the date the option is rejected, if it has
not already been satisfied through sale of the Ranch.

DMA and Frank Daniel Moore debts related to the Bigfoot Note will
be paid from the Court registry and/or from the Bigfoot Note payee
in accordance with any further orders of the Bankruptcy court.

Debtors shall pay general unsecured claims 100% at the federal
judgment rate of interest in effect on the confirmation date within
60 days of sale of the Ranch.

Equity holders shall all retain their interests as they existed
prior to the bankruptcy case filing.

Debtors anticipate the Ranch will sell for a minimum of $7.5
million. Even if the Court agreed with Mcleod that it was entitled
to 10.5% interest, a sale price of $7.5 million would be sufficient
to pay all pre and post-petition debts of the estate.

A full-text copy of the First Amended Joint Disclosure Statement
dated July 19, 2021, is available at https://bit.ly/3kEx7dG from
PacerMonitor.com at no charge.

Attorneys for Debtors:

     Ronald J. Smeberg, Esq.
     THE SMEBERG LAW FIRM, PLLC
     4 Imperial Oaks
     San Antonio, Texas 78248
     Tel: (210) 695-6684
     Facsimile: (210) 598-7357
     Email: ron@muller-smeberg.com

              About KrisJenn Ranch

KrisJennRanch, LLC is a Texas limited liability company with two
series. The first series is KrisJennRanch, LLC Series Uvalde Ranch
and the second is KrisJennRanch, LLC Series Pipeline Row.  Series
Pipeline owns a pipeline and right of way.  Additionally, Series
Unvalde owns the KrisJennRanch located at 6048 CR 365, Uvalde,
Texas 78801.  The Express Pipeline and the Ranch were each
encumbered by a $5.9 million loan from Mcleod Oil related to an
investment in a pipeline and its right of way.

KrisJenn Ranch, LLC, KrisJenn Ranch, LLC Series Uvalde Ranch and
KrisJenn Ranch, LLC Series Pipeline Row sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Lead Case No.
20-50805) on April 27, 2020.  

At the time of the filing, KrisJenn Ranch, LLC disclosed total
assets of $16,246,409 and total liabilities of $6,548,315.  

Judge Ronald B. King oversees the cases. Muller Smeberg PLLC is the
Debtors' legal counsel.

No creditors' committee has yet been appointed in this case by the
United States Trustee. No trustee or examiner has been requested or
appointed.


LIDDLE & ROBINSON: Updates Stipulated Administrative Claims Details
-------------------------------------------------------------------
Jonathan L. Flaxer, the chapter 11 trustee for the bankruptcy
estate of Liddle & Robinson, L.L.P., submitted a Second Amended
Plan of Liquidation dated July 19, 2021.

The Second Amended Plan discusses the Allowance and Treatment of
Stipulated Administrative Claims. Pursuant to the Claims
Stipulation and Order, the Stipulated Administrative Claims shall
be reduced as follows: (i) Debtor's Counsel shall have a Stipulated
Administrative Claim in the amount of $559,589.63, (ii) Debtor's
Accountants shall have a Stipulated Administrative Claim in the
amount of $65,410.37 (the amounts referred to in (i) and (ii) are
collectively referred to as the "Debtor Professionals Claims"), and
(iii) JLL shall have a Stipulated Administrative Claim in the
amount of $500,000 (the "JLL Claim"). With respect to the
Stipulated Administrative Claims, each holder of a Stipulated
Administrative Claim has agreed to the following treatment with
respect to such Stipulated Administrative Claims:

   * the sole source of recovery for the Stipulated Administrative
Claims shall be the Unliened 9019 Funds and the Estate Fee Share;

   * except to the extent that the Estate has received any of the
Unliened 9019 Funds prior to the Effective Date, no distributions
shall be made or shall be required to be made with respect to the
Stipulated Administrative Claims on the Effective Date;

   * if the Estate has received any of the Unliened 9019 Funds
prior to the Effective Date, then on the Effective Date, the Plan
Administrator shall distribute one half of the Unliened 9019 Funds
on account of the Debtor Professionals Claims, with such
distribution being made pro rata to Debtor's Counsel and Debtor's
Accountants;

   * following the Effective Date, the Plan Administrator shall
within 30 days of the receipt of any Fee Amount that results in an
Estate Fee Share and/or the receipt of the Unliened Funds (i)
distribute one half of any Estate Fee Share and/or the Unliened
9019 Funds until the Debtor Professionals Claims have received
$50,000, collectively, and (ii) following the distribution pursuant
to (i) immediately distribute one-third of the Estate Fee Share
and/or Unliened 9019 Funds until the Debtor Professionals Claims
have received an additional $85,000, collectively, with all such
distributions being made pro rata to Debtor's Counsel and Debtor's
Accountants; and

   * if all distributions have been made pursuant to (d)
immediately the remainder of the Stipulated Administrative Claims
shall be treated as follows:

     -- upon (x) payment in full of all Allowed Counsel Financial
Claims, (y) payment in full of all Allowed Administrative Claims,
and (z) holders of Allowed General Unsecured Claims having received
at least a 10% distribution with respect to such Claims, then the
Plan Administrator shall distribute within 30 days of the receipt
of any Fee Amount (1) any amounts due but not paid to Debtor's
Counsel and Debtor's Accountants, and (2) the next $490,000 of any
Fee Amount as follows: (A) up to $240,000 to Debtor's Counsel and
Debtor's Accountants pro rata with respect to the Debtor
Professionals Claims, and (B) up to $250,000 to JLL with respect to
the JLL Claim, provided that the distributions of funds in
accordance with (A) and (B) shall be paid 51% percent with respect
to the JLL Claim and 49% percent with respect to the Debtor
Professionals Claim until such time as the $490,000 has been
distributed; and  

     -- upon payment in full of all Allowed Claims, the Plan
Administrator shall distribute within 30 days of the receipt of any
Fee Amount, the next $500,000 of any Fee Amount as follows (A) up
to $250,000 to Debtor's Counsel and Debtor's Accountants pro rata
with respect to the Debtor Professionals Claims, and (B) up to
$250,000 to JLL with respect to the JLL Claim, provided that the
distributions of funds in accordance with (A) and (B) shall be paid
one half to each until such time as the $500,000 has been
distributed.

If the Court awards Debtor's Counsel or Debtor's Accountants an
amount less than such Professional Persons' respective proposed
Debtor Professional Administrative Claim, then (i) the definition
of Debtor Professionals Claims shall be modified to reflect the
actual amount allowed by the Court, and (ii) the distributions to
be made shall be reduced commensurate with any reduced amount
allowed by the Court starting with the distributions to be made in
Section 2.3(e)(ii).

Like in the prior iteration of the Plan, Holders of Allowed General
Unsecured Claims shall receive a Pro Rata Share of the Cash in the
Post Confirmation Fund after payment in full of Allowed
Administrative Claims, Allowed Priority Claims, Allowed Priority
Tax Claims, funding of Reserves, and payment of United States
Trustee fees, and payments, if any, with respect to the Allowed
Counsel Financial Secured Claims, and payments, if any, with
respect to the Stipulated Administrative Claims.

A full-text copy of the Second Amended Plan dated July 19, 2021, is
available at https://bit.ly/2TnCnqO from PacerMonitor.com at no
charge.          

Counsel to Chapter 11 Trustee Jonathan L. Flaxer:

     Michael S. Weinstein, Esq.
     GOLENBOCK EISEMAN ASSOR BELL & PESKOE LLP
     711 Third Avenue
     New York, New York 10017
     (212) 907-7300

                      About Liddle & Robinson

Liddle & Robinson, LLP -- http://liddlerobinson.com/-- was a law
firm partnership formed on or about June 4, 1979.  Since its
formation, the Debtor had a strong litigation practice, led by
Jeffrey L. Liddle, with an emphasis on employment law.

Liddle & Robinson sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-12346) on July 22,
2019.  The case is jointly administered with the Chapter 11 case of
Jeffrey Lew Liddle (Bankr. S.D.N.Y. Case No. 19-10747) filed on
March 11, 2019.  Judge Sean H. Lane oversees both cases.

At the time of the filing, Liddle & Robinson had estimated assets
of between $1 million and $10 million and liabilities of between
$10 million and $50 million.  Foley Hoag LLP is the Debtor's legal
counsel.

Jonathan Flaxer was appointed as the Debtor's Chapter 11 trustee.
The Trustee is represented by Golenbock Eiseman Assor Bell & Peskoe
LLP.


LONG ISLAND CITY DEVELOPERS: Seeks to Hire B6 Real Estate as Broker
-------------------------------------------------------------------
Long Island City Developers Group, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire New
York-based real estate broker, B6 Real Estate Advisors, LLC.

The Debtor requires a real estate broker for purposes of marketing
and selling its commercial building located at 38-24 32nd St., Long
Island City, N.Y.

The firm will be paid a commission of 5 percent of the sale
proceeds.

DJ Johnston, senior managing director at B6 Real Estate Advisors,
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.

The firm can be reached at:

     DJ Johnson
     B6 Real Estate Advisors, LLC
     1040 Avenue, 8th Floor
     New York, NY 10018
     Phone: 212.473.2600 / 646.933.2601
     Email: djohnston@b6realestate.com

             About Long Island City Developers Group

Long Island City Developers Group is a New York-based company
primarily engaged in renting and leasing real estate properties. It
owns a 10,000-square-foot commercial building located at 38-24 32nd
St., Long Island City, N.Y.

Long Island City Developers Group filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y.
Case No. 21-4172) on May 10, 2021.  Joseph Torres, 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 Hon.
Jil Mazer-Marino oversees the case.

Morrison Tenenbaum, PLLC serves as the Debtor's legal counsel.


LSB INDUSTRIES: S&P Places 'CCC+' ICR on CreditWatch Positive
-------------------------------------------------------------
S&P Global Ratings placed all of its ratings on LSB
Industries--including the 'CCC+' issuer credit rating, on
CreditWatch with positive implications.

S&P said, "We expect to resolve the CreditWatch placement in the
next few months if the company receives the necessary shareholder
approval and the exchange transaction is consummated as proposed.

"The positive CreditWatch placement stems from our expectation that
if the company receives the necessary shareholder approval and
closes the exchange offer, its credit metrics will improve
materially, such that debt to EBITDA will fall to between 5x-6x on
an S&P Global Ratings-adjusted, weighted-average basis. As we
currently treat the approximately $300 million of preferred stock
as debt-like, LSB's adjusted credit metrics will improve
substantially following the conversion. Post-transaction, with
leverage slightly above 5x on an S&P Global Ratings-adjusted,
weighed-average basis, we would no longer view the company's
leverage and capital structure as unsustainable. Based on the
exchange price of $6.16, pro forma for the transaction, Eldridge
will own approximately 60% of the company's common equity.

"We also believe the deleveraging will allow LSB the flexibility to
implement key strategic initiatives, such as refinancing its
existing secured notes and pursuing potential future acquisitions.
In addition, rebounding industrial demand, continued pricing
strength in nitrogen fertilizer markets, and the company's new
nitric acid offtake agreement should lead to a substantial increase
in 2021 EBITDA and further deleveraging.

"The CreditWatch placement reflects at least a one-in-two
likelihood that we will raise our issuer credit rating on LSB by
one notch to 'B-' within the next few months. We expect to resolve
the CreditWatch placement once the company has received shareholder
approval for the exchange and the transaction has closed. If the
transaction does not close as expected, we would instead most
likely affirm the rating at 'CCC+'."



MOHEGAN GAMING: Unit Amends Credit Facilities With Bank of Montreal
-------------------------------------------------------------------
MGE Niagara Entertainment Inc., an indirect wholly-owned subsidiary
of the Mohegan Tribal Gaming Authority, doing business as Mohegan
Gaming & Entertainment, entered into an amendment to the terms of
its bank credit facilities pursuant to an Amended and Restated
Credit Agreement with, among others, Bank of Montreal, as
administrative agent, and the lenders party thereto.  

Among other things, the amendments contained in the Amended Credit
Agreement provide for a revolving credit facility in the amount of
up to C$180,000,000, a swingline facility in the amount of up to
C$20,000,000 and a term loan facility in the amount of
C$90,000,000.  The Amended Credit Agreement also reduced the Letter
of Credit Sub-Limit under the Revolving Facility to C$45,000,000
from C$100,000,000.  Availability under the Revolving Facility and
Swingline Facility will be determined based on Province of
Ontario-approved gaming capacity levels as set forth in the Amended
Credit Agreement.

In addition, the Applicable Margin (as defined in the Amended
Credit Agreement) was adjusted to provide for an additional pricing
level, commencing from the closing date of the Amended Credit
Agreement until the end of the Initial Retesting Quarter (as
defined in the Amended Credit Agreement), which Initial Retesting
Quarter commences with the first full fiscal quarter where gaming
capacity is equal to or greater than 50% for the entirety of such
fiscal quarter, or during any voluntary or involuntary closing
period, as follows:

Bankers' Acceptances/Letters of
Credit/LIBOR Loans/CDOR Loans: 500 bps

Prime Rate Loans/USBR Loans: 350 bps

Undrawn Commitment Fee: 125 bps

The Amended Credit Agreement also amended the financial maintenance
covenants applicable to MGE Niagara as follows:

  * During any Closure Period (as defined in the Amended Credit
    Agreement), (i) minimum weekly liquidity in the amount of
    C$12,500,000 and (ii) minimum monthly net cash subsidy receipts

    from the Ontario Lottery and Gaming Commission in the amount of

    C$3,750,000;

  * After a reopening of the casino facilities, minimum liquidity
in
    the amount of C$15,000,000, tested weekly until
    such time as the casino facilities have been open for 12
    consecutive months, and then monthly for an additional 6 months

    thereafter;

  * Commencing with the first full month after the 50% Gaming
    Capacity Start Date (as defined in the Amended Credit
    Agreement), until a trailing 12-month test is achieved
   (annualized as provided under the terms of the Amended Credit
    Agreement), minimum monthly Fixed Charge Coverage Ratio (as
    defined in the Amended Credit Agreement) of not less than
    1.10:1.00 (once testing of 4 consecutive fiscal quarters is
    achieved without any closure of the facilities, such covenant
to
    be tested quarterly); and

  * Commencing with the Initial Retesting Quarter, maximum Total
    Leverage Ratio (as defined in the Amended Credit Agreement)
    tested quarterly and determined on a consolidated trailing 12-
    month basis (annualized as provided under the terms of the
    Amended Credit Agreement) initially set at 5.00:1.00, then
    stepping down to 4.50:1.00 commencing with the fiscal quarter
    ending March 31, 2023 and 4.00:1.00 commencing with the fiscal

    quarter ending March 31, 2024.

Finally, the Amended Credit Agreement restricts Permitted
Management and Consulting Fees and other Distributions (as defined
in the Amended Credit Agreement) to those permitted by lender
consent until (i) the completion of four consecutive fiscal
quarters demonstrating compliance with the maximum Total Leverage
Ratio (as defined in the Amended Credit Agreement) and (ii) a Total
Leverage Ratio (as defined in the Amended Credit Agreement) of less
than 3.00:1.00 for the two most recent consecutive fiscal
quarters.

A full-text copy of the Amended & Restated Credit Agreement is
available for free at:

https://www.sec.gov/Archives/edgar/data/1005276/000119312521219720/d133076dex101.htm

                       About Mohegan Gaming

Mohegan Tribal Gaming Authority d/b/a Mohegan Gaming &
Entertainment is a master developer and operator of premier global
integrated entertainment resorts, including Mohegan Sun in
Uncasville, Connecticut, Inspire in Incheon, South Korea and
Niagara Casinos in Niagara, Canada.  MGE is owner, developer,
and/or manager of integrated entertainment resorts throughout the
United States, including Connecticut, New Jersey, Washington,
Pennsylvania, Louisiana, as well as Northern Asia and Niagara
Falls, Canada, and coming soon pending regulatory approval, Las
Vegas, Nevada.  MGE is owner and operator of Connecticut Sun, a
professional basketball team in the WNBA and New England Black
Wolves, a professional lacrosse team in the National Lacrosse
League.  For more information on MGE and its properties, visit
www.mohegangaming.com.

Mohegan Gaming reported a net loss of $162.02 million for the
fiscal year ended Sept. 30, 2020, compared to a net loss of $2.37
million for the year ended Sept. 30, 2019.

                             *   *   *

In February 2021, Moody's Investors Service upgraded Mohegan Tribal
Gaming Authority's ("MTGA") Corporate Family Rating to Caa1 from
Caa2 and Probability of Default Rating to Caa1-PD from Caa2-PD.
The upgrade considers that on January 26, MTGA closed on a
refinancing that had a meaningful positive impact on the company's
liquidity.


MORE AUTOMOTIVE: Seeks to Hire Saldana Carvajal as Special Counsel
------------------------------------------------------------------
More Automotive Products, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire Saldana,
Carvajal & Velez-Rive, P.S.C. as its special counsel.

The Debtor requires a special counsel to provide legal services
with regard to general matters, including employment law, civil and
commercial litigation.

The firm's hourly rates are as follows:

     Partners     $175 per hour
     Associates   $150 per hour
     Law Clerks   $125 per hour
     Paralegals   $75 per hour

Luis Saldana Roman, a principal at Saldana, Carvajal & Velez-Rive,
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.

The firm can be reached at:

     Luis N. Saldana Roman, Esq.
     Saldana, Carvajal & Velez-Rive, P.S.C.
     166 Constitution Ave.
     San Juan, PR 00901
     Tel.: (787) 289-9250
     Fax: (787) 289-9253
     Email: lsaldana@scrvlaw.com
  
                       About More Automotive

More Automotive Products, Inc., doing business as Dollar Rent a
Car, filed a Chapter 11 petition (Bankr. D. P.R. Case No. 21-02142)
on July 15, 2021. At the time of the filing, the Debtor had between
$10 million and $50 million in both assets and liabilities. Alberic
Colon Zambrana, president, signed the petition.

Judge Enrique S. Lamouttee Inclan oversees the case.

Charles A. Cuprill P.S.C. Law Offices serves as the bankruptcy
counsel while Saldana, Carvajal & Velez-Rive, P.S.C. serves as the
special counsel. The Debtor's financial consultant is Luis R.
Carrasquillo & Co., P.S.C.


MORE AUTOMOTIVE: Taps Charles A. Cuprill as Bankruptcy Counsel
--------------------------------------------------------------
More Automotive Products, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire Charles A.
Cuprill, P.S.C., Law Office to serve as legal counsel in its
Chapter 11 case.

The firm's hourly rates are as follows:

     Charles A. Cuprill-Hernandez, Esq.  $350 per hour
     Paralegals                          $85 per hour

The Debtor paid $15,000 to the law firm as a retainer fee.

Charles Cuprill-Hernandez, Esq., the firm's attorney who will be
providing the services, disclosed in a court filing that he is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Charles A. Cuprill-Hernandez, Esq.
     Charles A. Cuprill, P.S.C., Law Office
     356 Fortaleza St., Second Floor
     San Juan, PR 00901
     Tel.: 787-977-0515
     Fax: 787-977-0518
     Email: ccuprill@cuprill.com

                       About More Automotive

More Automotive Products, Inc., doing business as Dollar Rent a
Car, filed a Chapter 11 petition (Bankr. D. P.R. Case No. 21-02142)
on July 15, 2021. At the time of the filing, the Debtor had between
$10 million and $50 million in both assets and liabilities. Alberic
Colon Zambrana, president, signed the petition.

Judge Enrique S. Lamouttee Inclan oversees the case.

Charles A. Cuprill P.S.C. Law Offices serves as the bankruptcy
counsel while Saldana, Carvajal & Velez-Rive, P.S.C. serves as the
special counsel. The Debtor's financial consultant is Luis R.
Carrasquillo & Co., P.S.C.


MORE AUTOMOTIVE: Taps Luis R. Carrasquillo as Financial Consultant
------------------------------------------------------------------
More Automotive Products, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire Luis R.
Carrasquillo & Co., P.S.C. as its financial consultant.

The Debtor needs a financial consultant to assist in the financial
restructuring of its affairs, advise on strategic planning, assist
in the preparation of a plan for reorganization, and participate in
the negotiation with creditors.

The firm's hourly rates are as follows:

     Luis R. Carrasquillo, Partner                         $175 per
hour
     Marcelo Gutiérrez, Senior CPA                         $125
per hour
     Arnaldo Morales, Senior Accountant                    $100 per
hour
     Carmen Callejas Echevarria, Senior Accountant         $90 per
hour
     Zoraida Delgado Diaz, Junior Accountant               $65 per
hour
     Enid Olmeda, Junior Accountant                        $45 per
hour
     Rosalie Hernandez Burgos, Administrative and Support  $35 per
hour
     Kelsei Lopez, Administrative and Support              $35 per
hour

The Debtor paid $12,000 to the firm as a retainer fee.

Luis Carrasquillo Ruiz, a principal at the 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.

The firm can be reached at:

     Luis R. Carrasquillo Ruiz, CPA
     Luis R. Carrasquillo & Co., P.S.C.
     28th St., Turabo Gardens Ave.
     Caguas, PR 00725
     Tel.: 787-746-4555
     Fax: 787-746-4564
     Email: luis@cpacarrasquillo.com

                       About More Automotive

More Automotive Products, Inc., doing business as Dollar Rent a
Car, filed a Chapter 11 petition (Bankr. D. P.R. Case No. 21-02142)
on July 15, 2021. At the time of the filing, the Debtor had between
$10 million and $50 million in both assets and liabilities. Alberic
Colon Zambrana, president, signed the petition.

Judge Enrique S. Lamouttee Inclan oversees the case.

Charles A. Cuprill P.S.C. Law Offices serves as the bankruptcy
counsel while Saldana, Carvajal & Velez-Rive, P.S.C. serves as the
special counsel. The Debtor's financial consultant is Luis R.
Carrasquillo & Co., P.S.C.


MOTT LLC: Seeks Approval to Hire Ag & Business as Legal Counsel
---------------------------------------------------------------
Mott, LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Iowa to hire Ag & Business Legal Strategies to
serve as legal counsel in its Chapter 11 case.

The firm's services include:

     a. preparing pleadings and applications and conducting
examinations incidental to any related proceedings or to the
administration of the Debtor's case;

     b. developing the relationship of the status of the Debtor to
the claims of creditors;

     c. advising the Debtor of its rights, duties and obligations
in its bankruptcy case;

     d. taking any other necessary action incident to the proper
preservation and administration of the bankruptcy case; and

     e. assisting the Debtor in the formulation and preparation of
a Chapter 11 plan and all matters related thereto.

The firm's hourly rates are as follows:

     Attorney Joseph Peiffer     $500 per hour
     Of Counsel                  $350 per hour
     Senior Associate Attorneys  $350 per hour
     Junior Associate Attorneys  $300 per hour
     Chief Financial Strategist  $250 per hour
     Support Staff               $150 per hour

Joseph Peiffer, Esq., owner of Ag & Business, disclosed in a court
filing that his firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

      Austin J. Peiffer, Esq.
      Ag & Business Legal Strategies
      P.O. Box 11425
      Cedar Rapigs, IA 52410-1425
      Tel: 319-363-1641
      Email: austin@ablsonline.com

                           About Mott LLC

Mott, LLC is a Cedar Rapids, Iowa-based company primarily engaged
in renting and leasing real estate properties.

Mott, LLC filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Iowa Case No. 21-00606) on July
7, 2021.  Beverly J. Hobart, managing member, signed the petition.
In the petition, the Debtor disclosed $1 million to $10 million in
both assets and liabilities.  Austin J. Peiffer, Esq., at Ag &
Business Legal Strategies, represents the Debtor as legal counsel.


MTE HOLDINGS: Unsecureds to Split Litigation Proceeds in Plan
-------------------------------------------------------------
MTE Holdings LLC, et al., submitted a First Amended Disclosure
Statement explaining their Chapter 11 Plan.

Following analysis of the qualified bids received at the March 5,
2021 auction, the Debtors selected Maple Energy Holdings, LLC, c/o
Riverstone Holdings, LLC as the Winning bidder with its $85.7
million offer. Chato Energy LLC c/o Arena Investors, LP, with its
$67.27 million offer was selected as the back-up bidder.

The Debtors, the Buyer, Luxe Energy, and Riverstone, solely in its
capacity as direct or indirect equity owner of Buyer entered into a
restructuring support agreement (the "RSA") prior to the filing of
the Plan.

By the RSA, each of the Restructuring Support Parties agrees, among
other things, to (i) use commercially reasonable efforts to support
the Sale Transaction and the Luxe Settlement; (ii) vote all of its
claims against the Debtors now or hereafter owned by each
respective Restructuring Support Party to accept the Plan; and
(iii) not to object, delay, impede, or take any other action
inconsistent with the RSA or the Plan, or propose, discuss,
negotiate, file, support, solicit or vote for any restructuring,
workout, or chapter 11 plan for any of the Debtors other than the
Plan.

In addition, the Debtors agree, among other things, to (i) support
and take all steps reasonably necessary to complete the Sale
Transaction and Luxe Settlement; (ii) negotiate in good faith and
enter into all documents and agreements necessary to consummate the
Sale Transaction and Luxe Agreement; and (iii) secure confirmation
and consummation of the Plan in accordance with certain milestones
set forth in the RSA.

The settlement of the Consolidated Adversary proceeding (adversary
proceedings vs. mineral and M&M lienholders) grew out of months of
mediation involving the Holders of Senior Secured Trade Claims, the
Debtors, and the MDC RBL Lenders.  As provided by the comprehensive
Consolidated Adversary Proceeding Settlement, the Plan provides for
the following distributions to Holders of Allowed Senior Secured
Trade Claims and the MDC RBL Lenders as follows:

   * The Holders of Allowed Senior Secured Trade Claims shall
receive the Senior Secured Trade Recovery Amount, constituting the
Senior Secured Trade Claim Cash Consideration plus interests in the
Net Profits Interest, which Net Profits Interest shall be in
aggregate amount not to exceed $10,000,000.  The Net Profits
Interest will be in the form attached to the Asset Purchase
Agreement as Exhibit I-1, filed with the Bankruptcy Court as part
of D.I. 2255.  The Profit Interest will be executed and will be
effective as of the closing of Asset Purchase Agreement.

   * The value of the Senior Secured Trade Claim Cash Consideration
is equal to: $27,000,000 in cash if each of Classes 4A through 4G
votes to accept the Plan.  If any of Classes 4A through 4G votes to
reject the Plan, "Senior Secured Trade Claim Cash Consideration"
means the lesser of (a) $27,000,000.00, or (b) the excess of the
sum of (i) the MDC Debtors' Cash on hand calculated in accordance
with the Asset Purchase Agreement, plus the MDC Debtors' current
Receivables calculated in accordance with the Asset Purchase
Agreement, less the MDC Debtors' current payables calculated in
accordance with the Asset Purchase Agreement, and (ii) the Cash
proceeds of the Sale Transaction, less the amount of Cash necessary
to (w) fund the Wind-Down Budget, (x) provide for the MDC RBL
Facility Claim Payment, (y) provide for the MDC Contribution for
the Luxe Settlement Fund, and (z) satisfy or fund reserves for
Allowed Administrative Expense Claims (including any Allowed
Substantial Contribution Claims), Priority Tax Claims, and Other
Priority Claims required for emergence from the Chapter 11 Cases
and the Consummation of the Plan to the extent Allowed and required
to be paid in Cash under the Plan.

   * Holders of MDC RBL Facility Claims shall receive the MDC RBL
Facility Claim Payment of $17,500,000 in cash from the Sale
Transaction Proceeds, on the earlier of the Closing Date or the
Effective Date of the Plan.

   * Subject to the Debtors' payment of the MDC RBL Lender Fees
under the Cash Collateral Orders, all costs and attorneys' fees in
connection with the Consolidated Adversary Proceeding will be borne
by the respective parties.

The Debtors, Luxe Energy, and the Buyer, in consultation with the
MTE Administrative Agent, the MDC RBL Lenders, representatives of
Holders of Senior Secured Trade Claims, and representatives of the
Luxe Claimants, reached a comprehensive settlement pursuant to
Section 1123 of the Bankruptcy Code and to resolve the liens
asserted by the Luxe Claimants against Luxe and other non-Debtor
working interest owners in the JOAs operated by the Debtors. Under
the Luxe Settlement, subject to Confirmation of the Plan:  

    (a) Luxe Energy shall contribute the Luxe Contribution to the
Luxe Settlement Fund in exchange for (i) the release from the Luxe
Claimants' Claims and Liens against Luxe Energy and its property,
including without limitation the Luxe Working Interests and (ii)
the releases, bar and injunctions provided in Article IX of the
Plan;

    (b) the Buyer and the Debtors shall contribute the Buyer
Contribution and the MDC Contribution, respectively, to the Luxe
Settlement Fund in full satisfaction of their respective alleged
obligations to Luxe Claimants with respect to the Debtors or the
Joint Operating Agreements;

   (c) the Luxe Settlement Fund shall be administered by the Luxe
Settlement Distribution Agent pursuant to (i) the Luxe Allocation
or, (ii) if the Luxe Claimants cannot agree upon the Luxe
Allocation prior to the Effective Date, the decision of the
Bankruptcy Court in an interpleader action to be commenced by the
Luxe Settlement Distribution Agent;

    (d) on the Effective Date, all Joint Operating Agreements shall
be assumed by the Debtors and assigned to the Buyer pursuant to
section 365 of the Bankruptcy Code;

    (e) upon the Effective Date, all accrued but unpaid claims and
obligations between Luxe Energy and any Debtors (including, without
limitation, (i) claims and obligations relating to joint interest
billings, royalties, and revenues under the Joint Operating
Agreements, and (ii) claims and obligations relating to Transferred
Non-Op Working Interests) as of the Luxe Deemed Assignment Date
shall be deemed "zeroed out" and mutually released, such that no
amounts accruing on or prior to the Luxe Deemed Assignment Date
shall be payable to Luxe Energy by the Debtors or the Buyer, and no
amounts accruing on or prior to the Luxe Deemed Assignment Date
shall be payable by Luxe Energy to the Debtors or the Buyer, and
all obligations accruing or arising after the Luxe Deemed
Assignment Date under the Joint Operating Agreements shall be paid
and performed by the Buyer or Luxe Energy, as the case may be,
pursuant to the terms and conditions of the respective Joint
Operating Agreements;

    (f) Luxe Energy shall consent to the assumption by the Debtors
and assignment to the Buyer of each of the Non-Op Joint Operating
Agreements in connection with the Asset Purchase Agreement wherein
no Cure Cost or other consideration shall be due on account of such
assumption and assignment (besides the amounts contributed to the
Luxe Settlement Fund) and therefore, the aggregate Cure Costs shall
be zero ($0.00);

    (g) Luxe Energy or its designee shall purchase from the Debtors
on the Effective Date free and clear of all Liens, Claims,
encumbrances, and other interests, 45 percent of the Debtors'
working interests in certain Luxe Energy-operated wells and
leasehold interests associated therewith subject to the Non-Op
Joint Operating Agreements, for a purchase price of $4,500,000 to
be paid solely as directed by the Buyer pursuant to a separate
transaction agreement, and Luxe Energy and the Buyer shall enter
into certain consensual amendments to the Joint Operating
Agreements, all as further described in definitive documentation to
be included in the Plan Supplement, which shall be subject to the
consent rights set forth in the RSA. For the avoidance of doubt,
the releases described in Article IX.E of the Plan shall not
release any obligations of Luxe Energy to the Buyer, or of the
Buyer to Luxe Energy, arising or accruing at or after 12:01 a.m.
Central Time on June 1, 2021; and

    (h) the Luxe Claimants shall release their Liens and Claims
against the Other Non-Debtor Working Interest Owners' working
interests which are subject to the MDC Joint Operating Agreements.
Pursuant to the Luxe Settlement, the Luxe Settlement Fund shall be
administered by the Luxe Settlement Distribution Agent and contain:
(a) $4,933,334.00 in Cash to be funded by Luxe Energy; (b)
$1,033,333.00 in Cash, plus the Non-Op Net Profits Interest, to be
funded by the Buyer out of the Buyer's right, title and interest as
non-operating working interest owner in and to the Luxe
Energy-operated wells remaining after transfer to Luxe Energy or
its designee of the Transferred Non-Op Working Interests and
payable out of proceeds from the sale of hydrocarbons that may be
produced and saved from such Luxe Energy-operated wells from and
after the Effective Date in an aggregate amount of all payments
made by the Buyer to the Debtors with respect to the Non-Op Net
Profits Interest equal to $3,000,000; and (c) $2,033,333 in Cash to
be funded or delivered by the Debtors on the Effective Date for
purposes of effectuating the Luxe Settlement.

Under the Plan, claims in Classes 6A-6C (MTE General Unsecured
Claim) and holders of Interests in 7A-7G will receive no
distribution.

Meanwhile, Classes 6D-6G are impaired and entitled to vote on the
Plan.  Under the Plan, Classes 6D-6G MDC General Unsecured Claims
will receive, in full and final satisfaction of such allowed
general unsecured claim, its pro rata share of the applicable units
issued by the MDC Litigation Trust.  Class 6E: Each Holder of an
Allowed MDC Texas Operator General Unsecured Claim shall receive,
in full and final satisfaction of such MDC Texas Operator General
Unsecured Claim, its pro rata share of the applicable units issued
by the MTE Litigation Trust and/or the MDC Litigation Trust, on
account of any MDC Texas Operator Litigation Trust Assets
determined to constitute MTE Litigation Trust Assets and/or MDC
Litigation Trust Assets, respectively, by the MDC RBL Lenders, the
MTE Term Lenders and the Debtors prior to Confirmation.

Attorneys for the Debtors:

   Matthew B. Stein
   David J. Mark
   Michele Angell
   Andrew S. Golden
   KASOWITZ BENSON TORRES LLP
   1633 Broadway
   New York, New York 10019
   Telephone: (212) 506-1700
   Facsimile: (212) 506-1800

      - and –

   Robert J. Dehney
   Eric D. Schwartz
   Daniel B. Butz
   MORRIS, NICHOLS, ARSHT & TUNNELL LLP
   1201 North Market Street, 16th Floor
   P.O. Box 1347
   Wilmington, Delaware 19899-1347
   Telephone: (302) 658-9200
   Facsimile: (302) 658-3989

A copy of the Disclosure Statement dated July 12, 2021, is
available at https://bit.ly/3i9FLy4 from Stretto, the claims
agent.

                        About MTE Holdings

MTE Holdings LLC is a privately held company in the oil and gas
extraction business. MTE sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 19-12269) on Oct. 22,
2019.  In the petition signed by its authorized representative,
Mark A. Siffin, the Debtor disclosed assets of less than $50
billion and debts of $500 million.

Judge Karen B. Owens was originally assigned to the case before
Judge Christopher S. Sontchi took over.

The Debtor tapped Kasowitz Benson Torres LLP as its bankruptcy
counsel; Morris, Nichols, Arsht & Tunnell, LLP as its local
counsel; Greenhill & Co., LLC, as financial advisor and investment
banker; Ankura Consulting LLC, as a chief restructuring officer;
and Stretto as its claims and noticing agent.


NATCHITOCHES MEDICAL: Wins Final Approval to Use Cash Collateral
----------------------------------------------------------------
Judge Stephen D. Wheelis authorized Natchitoches Medical
Specialists, LLC (NMS) and Keyser Avenue Medical Park, LLC (KAMP)
to use cash collateral on a final basis.

Judge Wheelis ruled that:

   a. KAMP is authorized to deposit rent and expense checks
identified in the motion totaling $23,405 into a DIP account which
KAMP will open with BOM Bank (Respondent).  From the rent and
expense checks totaling $23,405, KAMP is authorized to transfer to
NMS $120 representing three months of Dr. Tummala's expenses owed
to NMS, for deposit in the NMS DIP account with BOM Bank;

   b. NMS is authorized to deposit rent and expense checks from
Clinical Pathology Laboratories, Inc. (CPL) totaling $3,259 in the
NMS DIP account at BOM Bank.  From the CPL rent and expense checks
totaling $3,259, NMS is authorized to transfer to KAMP $2,588
representing three months of CPL's rent owed to KAMP, for deposit
in the KAMP DIP account with BOM Bank;

   c. KAMP is authorized to continue transferring the expense
amounts paid by or on behalf of Dr. Tummala ($40/month) to NMS as
those payments are received by KAMP, for deposit in the NMS DIP
account with BOM Bank;

   d. NMS is authorized to continue transferring the rent amounts
paid by or on behalf of CPL ($863/month) to KAMP as those payments
are received by NMS, for deposit in the KAMP DIP account with BOM
Bank; and

   e. KAMP is authorized to use rental income, as cash collateral
of BOM Bank, for property insurance, building maintenance, repairs
and ongoing operations in an amount up to $10,000 per quarter
commencing June 2021, absent approval of Respondent BOM Bank.

Judge Wheelis further ruled that, as adequate protection for the
use of the cash collateral, Respondent BOM Bank is granted a
post-petition lien on the post-petition properties of the kind and
nature that it holds in prepetition property of KAMP, to the extent
it does not already have the same, in the same priority as it held
in pre-petition property.  

Further, on a final basis, KAMP is authorized to make monthly
adequate protection payments to Respondent BOM Bank.  Specifically,
KAMP shall pay to the Respondent on or before the 10th day of each
calendar month $16,834 representing 31 days' worth of interest on
its loan with Respondent, pending confirmation of KAMP's Chapter 11
plan.

A copy of the final order is available for free at
https://bit.ly/3kD5UIx from PacerMonitor.com.

              About Natchitoches Medical Specialists

Natchitoches Medical Specialists, LLC, a Natchitoches, La.-based
company that operates in the healthcare industry, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. Case No.
21-80137) on April 11, 2021.  At the time of the filing, the Debtor
disclosed total assets of $8,009,156 and total liabilities of
$286,300.

Affiliate, Keyser Avenue Medical Park, LLC, filed for Chapter 11
protection (Bankr. W.D. La. Case No. 21-80221) on June 11, 2021.
The two cases are jointly administered under Natchitoches' case.

Judge Stephen D. Wheelis oversees the cases.

Natchitoches and Keyser are represented by Diment & Associates, LLC
and Gold Weems Bruser Sues & Rundell, APLC, respectively.



NAVISTAR INT'L: Moody's Withdraws 'B2' Corp. Family Rating
----------------------------------------------------------
Moody's Investors Service withdrew all ratings of Navistar
International Corp. including: B2 Corporate Family Rating, B2-PD
Probability of Default and the SGL-3 Speculative Grade Liquidity
Rating. Moody's also withdrew the ratings of its major operating
subsidiary, Navistar, Inc. with senior secured term loan at Ba2 and
the industrial revenue bonds at B3.

Withdrawals:

Issuer: Illinois Finance Authority

Senior Unsecured Revenue Bonds, Withdrawn , previously rated B3
(LGD5)

Issuer: Navistar International Corp.

Corporate Family Rating, Withdrawn, previously rated B2

Probability of Default Rating, Withdrawn , previously rated B2-PD

Speculative Grade Liquidity Rating, Withdrawn, previously rated
SGL-3

Issuer: Navistar, Inc.

Senior Secured Bank Credit Facility, Withdrawn, previously rated
Ba2 (LGD2)

Outlook Actions:

Issuer: Navistar International Corp.

Outlook, Changed To Rating Withdrawn From Stable

Issuer: Navistar, Inc.

Outlook, Changed To Rating Withdrawn From Stable

RATINGS RATIONALE

The rating withdrawals follow the acquisition of Navistar by TRATON
SE (TRATON, Baa1 negative) and the repayment of all of Navistar's
rated obligations.

Navistar International Corp. is one of the largest manufacturers in
the US and Canadian market for buses, medium, severe service, and
heavy duty trucks. The company generated approximately $8 billion
in revenues (excluding financial services) during the last twelve
months ending April 30, 2021.


NIEMAN PRINTING: Wins Access to Cash Collateral on Final Basis
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division, authorized Nieman Printing, Inc. to use cash
collateral on a final basis pursuant to the approved budget.  

The U.S. Small Business Administration, and People's Capital and
Leasing Corp, secured lenders of the Debtor, claim that
substantially all of the Debtor's assets are subject to the
prepetition liens of the secured lenders, including liens on
accounts receivable relevant to the Debtor's current motion.

The value of PCLC's collateral is declining or at risk of declining
because of, among other things, the unauthorized purported sale of
such collateral and failure to report information affecting such
collateral.

As adequate protection for the Debtor's use of Cash Collateral, the
Secured Lenders are granted replacement liens and security
interests co-extensive with their prepetition liens.

As additional adequate protection, the Debtor will pay PCLC the sum
of $15,000 commencing August 1, 2021, and continuing the first  day
of each month thereafter until confirmation of a Plan of
Reorganization or as other ordered by the Court.

The replacement liens granted to the Secured Lenders are
automatically perfected without the need for filing of a UCC-1
financing statement with the Secretary of State's Office or any
other such act of perfection. All cash accounts of the Debtor and
all accounts receivable collections by the Debtor post-petition
will be deposited in a separate cash collateral account, being
Debtor's debtor-in-possession accounts.

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

                    About Nieman Printing, Inc.

Nieman Printing, Inc., which owns and operates a printing company
in Dallas, Texas, filed a Chapter 11 petition (Bankr. N.D. Tex.
Case No. 21-31134) on June 17, 2021.  As of the Petition Date, the
Debtor estimated between $1,000,000 and $10,000,000 in both assets
and liabilities.  The petition was signed by Garrett Graves,
president.  Eric A. Liepins, P.C. represents the Debtor as
counsel.



O.P. INVESTMENT: Bank Makes Election, Plan Modified
---------------------------------------------------
O.P. Investment Group, LLC, filed a modified First Amended Combined
Plan of Reorganization and Disclosure Statement.

1. Section 3.1.2 of the Plan is deleted in its entirety and
replaced with the following:

     3.1.2 If the Bank votes against the Plan, then: 3.1.2.1 If the
Bank's Claim were bifurcated under 11 U.S.C. Sec. 506 into the
Bank's Secured Claim and the Bank's Unsecured Claim, then based on
the Proteus USA, LLC draft appraisal and the Bank's proof of claim,
the Bank's Secured Claim would be equal to $1,974,670 and its
Unsecured Claim would be equal to $2,687,732. See Proof of Claim
No. 1.  Because the Bank made an election under 11 U.S.C. Sec.
1111(b), the Bank's Secured Claim is equal to $4,662,406.12 and the
value of the Bank's interest in the Estate's interest in the Real
Property is $1,974,669.77 (the "Collateral Value").

     3.1.2.2 In full and final satisfaction of the Bank's Secured
Claim, the Debtor or Reorganized Debtor shall pay the Bank monthly
payments of $12,951.13 (the "Monthly Payment") over a 30-year term.
The Monthly Payment will pay the full amount of the Bank's Secured
Claim and will pay the Collateral Value with interest at 6.867% per
annum. The first Monthly Payment shall be on the first Business Day
of the first calendar month after the Effective Date and followed
with a Monthly Payment on the first Business Day of each calendar
month thereafter for 359 months.

     3.1.2.3 The value of the Claim securing the Bank's Mortgage
shall be equal to the Bank's Secured Claim and upon full payment of
the Bank's Secured Claim to the Bank, the Bank's Mortgage shall be
released and discharged by the Bank.

     3.1.2.4 For the avoidance of doubt, the Reorganized Debtor
shall be responsible for paying any taxes and insurance associated
with the Real Estate.

     3.1.2.5 Nothing in this Section 3.1.2 impairs or prohibits
Bank's rights to pursue any Person who may be obligated to Bank
based on any personal guarantee of Bank's Claim under applicable
non-bankruptcy law.

     3.1.2.6 Nothing in this Section 3.1.2 impairs or prohibits the
Debtor or Reorganized Debtor from pursuing any objection to the
Bank's Claim including, without limitation, the validity, priority,
extent, or amount of such Claim.

2. The last sentence in Section 13.2 of the Plan is deleted and of
no further force or effect.

3. Section 6.2 of the Plan is hereby deleted in its entirety and of
no further force or effect.

Attorneys for the Debtor:

     DANIEL J. WEINER
     MICHAEL E. BAUM
     JOHN J. STOCKDALE, JR.
     SCHAFER AND WEINER, PLLC
     40950 Woodward Avenue, Suite 100
     Bloomfield Hills, MI 48304
     Tel: (248) 540-3340
     E-mail: jstockdale@schaferandweiner.com

                    About O.P. Investment Group

O.P. Investment Group, LLC, owns a commercial strip mall located at
35252-35240 23 Mile Road, New Baltimore, Michigan 48047.  O.P.
Investment Group filed its Chapter 11 petition (Bankr. E.D. Mich.
Case No. 21-40722) on Jan. 28, 2021.  The petition was signed by
Bassam Kallabat, member.  In its petition, the Debtor estimated its
assets and liabilities at $1 million to $10 million.

Judge Thomas J. Tucker oversees the case.

The Debtor is represented by Daniel J. Weiner, Esq., at Schafer and
Weiner, PLLC.


OCEAN POWER: Incurs $14.8 Million Net Loss in Fiscal 2021
---------------------------------------------------------
Ocean Power Technologies, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K disclosing a net
loss of $14.76 million on $1.21 million of revenues for the 12
months ended April 30, 2021, compared to a net loss of $10.35
million on $1.68 million of revenues for the 12 months ended April
30, 2020.

As of April 30, 2021, the Company had $86.38 million in total
assets, $5.91 million in total liabilities, and $80.47 million in
total stockholders' equity.

Management Commentary

"Despite the challenges presented by the COVID-19 pandemic, during
fiscal year 2021, OPT continued its business progression, including
the successful acquisition and integration of 3Dent Technology,
which will open up new avenues for consulting services, and we
significantly improved our cash position," said Philipp Stratmann,
OPT's president and chief executive officer.  "I am proud to say
that our offices have reopened, and we continue to operate with
attention to safety as the pandemic subsides."

Stratmann continued, "I'm excited to be leading OPT at this
juncture, and believe the Company is well-positioned for success in
terms of products, solutions, and customer developments.  Our
growth strategy, including a particular focus on Maritime Domain
Awareness and expansion in the ocean protection and ocean data
markets, will help solidify our position as a leader in maritime
power and data solutions."  Stratmann concluded, "We are energized
and excited for the year ahead and our plans to grow our business
to benefit our shareholders."

       Fourth Quarter and Fiscal Year 2021 Financial Review

Revenue for the fourth quarter of fiscal year 2021 was $0.6
million, essentially flat compared to the prior-year period, while
revenue for the full fiscal year 2021 was $1.2 million, reflecting
a 28% decrease from fiscal 2020.  The decline in revenue for the
full year was mainly attributable to COVID-19 pandemic-related
project delays. The net loss for the fourth quarter and fiscal year
2021 was $5.2 million, and $14.8 million, respectively,
representing increases over the prior year comparable periods
primarily attributable to higher costs incurred due to COVID-19
pandemic-related delays, higher engineering, product development,
and general and administrative costs, and the impact of an
arbitration settlement.

Total cash, cash equivalents, and restricted cash was $83.6 million
as of April 30, 2021.  Net cash used in operating activities
increased by $1.1 million during the fiscal year ended April 30,
2021, to $11.7 million.  The use of cash reflects the timing of the
receipt of proceeds on the sale of net operating losses, which
occurred subsequent to yearend for fiscal 2021, and within the
fiscal year 2020.

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

https://www.sec.gov/Archives/edgar/data/1378140/000149315221017188/form10-k.htm

                   About Ocean Power Technologies

Headquartered in Monroe Township, New Jersey, Ocean Power
Technologies, Inc. -- http://www.oceanpowertechnologies.com-- is a
marine power solutions provider that designs, manufactures, sells,
and services its products while working closely with partners that
provide payloads, integration services, and marine installation
services. Its PowerBuoy solutions platform provides clean and
reliable electric power and real-time data communications for
remote offshore and subsea applications in markets such as
offshore
oil and gas, defense and security, science and research, and
communications.

KPMG LLP, in Philadelphia, Pennsylvania, the Company's auditor
since 2004, issued a "going concern" qualification in its report
dated June 29, 2020, citing that the Company has suffered recurring
losses from operations and has an accumulated deficit that raise
substantial doubt about its ability to continue as a going concern.


PACIFIC PANORAMA: Taps Resnik Hayes Moradi as Bankruptcy Counsel
----------------------------------------------------------------
Pacific Panorama, LLC seeks approval from the U.S. Bankruptcy Court
for the Central District of California to hire Resnik Hayes Moradi,
LLP to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     (a) advising and assisting the Debtor regarding compliance
with the requirements of the Office of the United States Trustee;

     (b) advising regarding matters of bankruptcy law, including
the rights and remedies of the Debtor with respect to its assets
and claims of creditors;

     (c) advising regarding cash collateral matters, if any;

     (d) conducting examinations of witnesses, claimants or adverse
parties and preparing reports, accounts, and pleadings;

     (e) advising the Debtor concerning the requirements of the
Bankruptcy Code and applicable rules;

     (f) assisting in the negotiation, formulation, confirmation
and implementation of a Chapter 11 plan of reorganization;

     (g) making court appearances; and

     (h) taking such other action and performing such other
services as the Debtor may require.

The firm's hourly rates are as follows:

     M. Jonathan Hayes, Partner            $525 per hour
     Matthew D. Resnik Partner             $550 per hour
     Roksana D. Moradi-Brovia Partner      $500 per hour
     Russell J. Stong III Associate        $400 per hour
     David M. Kritzer Associate            $350 per hour
     W. Sloan Youkstetter Associate        $350 per hour
     Pardis Akhavan Associate              $250 per hour
     Boshra Khoder Associate               $165 per hour
     Rosario Zubia Paralegal               $135 per hour
     Priscilla Bueno Paralegal             $135 per hour
     Rebeca Benitez Paralegal              $135 per hour
     Ja’Nita Fisher Paralegal              $135 per hour
     Max Bonilla Paralegal                 $135 per hour
     Susie Segura Paralegal                $135 per hour

The Debtor paid $50,000 to the law firm as a retainer fee.

M. Jonathan Hayes, Esq., a partner at Resnik Hayes Moradi,
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.

The firm can be reached at:

     M. Jonathan Hayes, Esq.
     Resnik Hayes Moradi LLP
     17609 Ventura Boulevard, Suite 314
     Encino, CA 91316
     Tel.: (213) 572-0800
     Fax: (818) 855-7013
     
                    About Paficic Panorama

Pacific Panorama, LLC, a company based in Pacific Palisades,
Calif., filed a Chapter 11 petition (Bankr. C.D. Calif. Case No.
21-15239) on June 18, 2021.  At the time of the filing, the Debtor
had between $1 million and $10 million in assets and between $10
million and $50 million in liabilities.  Shlomy Weingarten,
managing member, signed the petition.  Judge Barry Russell oversees
the case.  The Debtor's legal counsel is Resnik Hayes Moradi, LLP.


PENN ENGINEERING: S&P Affirms 'B+' ICR on Low Leverage
------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on
Pennsylvania-based specialty fastener manufacturer Penn Engineering
& Manufacturing Corp.

S&P said, "At the same time, we raised the rating on Penn
Engineering's senior secured term loans to 'BB-' from 'B+' and
revised the recovery rating to '2' from '3'. The '2' recovery
rating indicates our expectation for substantial (70%-90%; rounded
estimate: 70%) recovery in the event of a payment default.

"The stable outlook on Penn Engineering reflects our expectation
that the company will maintain its strong EBITDA margins and
disciplined financial policy such that its adjusted debt to EBITDA
will be 3x-4x and its funds from operations (FFO) to debt will
remain between 15%-25% over the next 12 months."

Penn Engineering has demonstrated conservative financial policies
in recent years, resulting in improved liquidity and lower
financial risk. Over the last 18 months, Penn Engineering
maintained its strong EBITDA margins by implementing temporary cost
reduction actions, negotiating fixed cost savings with key
suppliers, and minimizing its discretionary spending amid the
pandemic-related downturn in the first half of 2020. The company
also focused on managing its working capital and maximizing its
free cash flow, despite challenging macroeconomic conditions. In
2020, it generated record reported free cash flow of $132 million,
with which it repaid $121.6 million of its term loans, including
about $75.6 million repaid in the fourth quarter. Further, steady
free cash flow through the first quarter has allowed the company to
repay an additional $14.4 million of its term loans, bringing its
reported gross debt to $603 million as of March 31, 2021, compared
to $825 million just two years prior. At the same time, the
company's revolving credit facility remains undrawn and it
continues to strengthen its balance sheet. S&P said, "As a result,
we revised our assessment of Penn Engineering's financial risk
profile to significant from aggressive. We recognize Penn
Engineering's stronger cash position and recently upsized revolving
credit facility may lead management to pursue sizable acquisition
opportunities or shareholder returns. Nonetheless, we expect it
will maintain prudent capital deployment such that leverage will
remain below 4x, inclusive of strategic acquisitions or
dividends."

A swift recovery in the second half of 2020 prompted strong
momentum in Penn Engineering's automotive markets. Following a halt
in automotive production in the first and second quarters of 2020
due to the COVID-19 pandemic, build rates quickly rebounded as
vehicle demand recovered. China and the U.S. are leading the
recovery of demand for autos, driven by increasing private
consumption in China and the reduction of the federal interest rate
and rollout of the largest stimulus program in U.S. history. S&P
now forecasts global light vehicle production will increase 12%-14%
in 2021. Although recent semiconductor shortages and unexpected
supply chain disruptions have slowed production growth, we expect
the impact on Penn Engineering to be minimal. In response to the
chip shortage, automakers are shifting available semiconductors to
top-selling and premium models, limiting the impact on Penn
Engineering as its sales are primarily comprised of these vehicle
platforms.

The stable outlook on Penn Engineering reflects S&P's expectation
that the company will maintain its strong EBITDA margins and
disciplined financial policy such that its adjusted debt to EBITDA
will be 3x-4x and its FFO to debt will remain between 15%-25% over
the next 12 months.

S&P could lower its rating on Penn Engineering if:

-- A downturn in the company's end markets or the loss of key
customers results in a significant deterioration in operating
performance and credit measures. Specifically, S&P could lower the
rating if weak operating performance or aggressive financial
policies cause debt to EBITDA to increase above 5x and its FFO to
debt to decline below 12% with limited near-term prospects for
improvement; or

-- Weak operating performance pressures the company's liquidity,
causing the covenant under the revolver to be tested and headroom
under the financial covenant to decline to less than 15%.

S&P could raise its rating on Penn Engineering if:

-- The company significantly improves its scale and scope of
operations while maintaining its strong market position and EBITDA
margins; and

-- It sustains FFO to debt above 20% and adjusted debt to EBITDA
below 4x, inclusive of future acquisitions or shareholder
dividends.



POGO ENERGY: Sussman & Moore Represents Utility Companies
---------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Sussman & Moore, LLP submitted a verified statement
to disclose that it is representing the utility companies in the
Chapter 11 cases of Pogo Energy, LLC.

The names and addresses of the Utilities represented by the Firm
are:

     a. AEP Texas Inc.
        Attn: Melissa A. Gage, Esq.
        Associate General Counsel
        400 West 15th Street
        Austin, Texas 78701-1677

     b. CenterPoint Energy Houston Electric, LLC
        Attn: Douglas H. Darrow, Esq.
        Associate General Counsel
        CenterPoint Energy, Inc.
        1111 Louisiana St.
        Houston, TX 77002

The nature and the amount of claims of the Utilities, and the times
of acquisition thereof are as follows:

     a. AEP Texas Inc. and CenterPoint Energy Houston Electric, LLC
have unsecured claims against the above-referenced Debtor arising
from prepetition utility services.

     b. For more information regarding the claims and interests of
the Utilities in this bankruptcy case, refer to the Objection of
AEP Texas Inc. and CenterPoint Energy Houston Electric, LLC to the
Debtor's Emergency Motion for an Interim and Final Order (I)
Prohibiting Utilities from Altering, Refusing, or Discontinuing
Service and (II) Determining Adequate Assurance of Payment for
Future Services filed in the above-captioned bankruptcy case.

The Firm was retained to represent the foregoing Utilities in July
2021. The circumstances and terms and conditions of employment of
the Firm by the Utilities is protected by the attorney-client
privilege and attorney work product doctrine.

The Firm can be reached at:

          Weldon L. Moore III, Esq.
          Sussman & Moore, LLP
          2911 Turtle Creek Blvd., Suite 1100
          Dallas, TX 75219
          Telephone: (214) 378-8270
          Facsimile: (214) 378-8290
          E-mail: wmoore@csmlaw.net

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://bit.ly/3BpdrR1

                        About Pogo Energy

Pogo Energy -- https://pogoenergy.com -- is a green energy provider
that offers prepaid electricity with no deposit required and
same-day electricity service in Texas.

Pogo Energy LLC sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 21-31224) on July 1, 2021.  In its petition, it listed assets
of no more than $10 million and liabilities of as much as $50
million.  The case is handled by Honorable Judge Michelle V.
Larson.  Rachael L. Smiley, of Ferguson Braswell Fraser Kubasta PC,
is the Debtor's counsel.


POWER SOLUTIONS: All Three Proposals Passed at Annual Meeting
-------------------------------------------------------------
Power Solutions International, Inc. held its 2021 Annual Meeting of
Stockholders at which the stockholders:

   (1) elected Shaojun Sun, Ph.D., Hong He, Kenneth W. Landini,
       Xinghao Li, Sidong Shao, Frank P. Simpkins, and Guogang Wu
       as directors for a one-year term expiring at the Company's
       2022 Annual Meeting;

   (2) ratified BDO USA, LLP to serve as the Company's independent
       registered public accounting firm for the fiscal year ending

       Dec. 31, 2021; and

   (3) approved the Company's named executive officer compensation
       was approved on an advisory, non-binding basis.

                       About Power Solutions

Headquartered in Wood Dale, IL, Power Solutions International, Inc.
(http://www.psiengines.com)designs, engineers, manufactures,
markets and sells a broad range of advanced, emission-certified
engines and power systems that are powered by a wide variety of
clean, alternative fuels, including natural gas, propane, and
biofuels, as well as gasoline and diesel options, within the
energy, industrial and transportation end markets.  The Company
manages the business as a single segment.

Power Solutions reported a net loss of $22.98 million for the year
ended Dec. 31, 2020, compared to net income of $8.25 million for
the year ended Dec. 31, 2019.  As of March 31, 2021, the Company
had $279.05 million in total assets, $291 million in total
liabilities, and a total stockholders' deficit of $11.95 million.

Chicago, Illinois-based BDO USA, LLP, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
March 30, 2021, citing that significant uncertainties exist about
the Company's ability to refinance, extend, or repay its
outstanding indebtedness and maintain sufficient liquidity to fund
its business activities.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


POWER SOLUTIONS: Secures Additional $25M Loan From Weichai America
------------------------------------------------------------------
Power Solutions International, Inc. had entered into an additional
shareholder's loan agreement with its majority stockholder, Weichai
America Corp., dated as of July 14, 2021.  

The Shareholder's Loan Agreement, which matures on May 20, 2022,
provides the Company with access to up to $25 million of credit at
the discretion of Weichai to supplement the Company's working
capital.  Borrowings under the Shareholder's Loan Agreement will
incur interest at the applicable rate of LIBOR + 4.50% per annum.
As of July 15, 2021, PSI has borrowed $15 million under the
Shareholder's Loan Agreement.

Lance Arnett, chief executive officer, commented, "We appreciate
the continued support that Weichai, our strategic partner and
majority stockholder, has provided to us through this additional
loan.  This added liquidity will help support our business and
operational needs as we move forward.  As we enter the second half
of 2021, we will continue to seek longer term financing options
with the assistance of Weichai, while also working closely with
them as we monitor our liquidity moving forward."

Shaojun Sun, chairman of the board, added, "PSI is an important
strategic partner to Weichai.  We look forward to our continued
collaboration together and to supporting and working with PSI as we
strive to achieve long-term growth and shareholder value."

                       About Power Solutions

Headquartered in Wood Dale, IL, Power Solutions International, Inc.
(http://www.psiengines.com)designs, engineers, manufactures,
markets and sells a broad range of advanced, emission-certified
engines and power systems that are powered by a wide variety of
clean, alternative fuels, including natural gas, propane, and
biofuels, as well as gasoline and diesel options, within the
energy, industrial and transportation end markets.  The Company
manages the business as a single segment.

Power Solutions reported a net loss of $22.98 million for the year
ended Dec. 31, 2020, compared to net income of $8.25 million for
the year ended Dec. 31, 2019.  As of March 31, 2021, the Company
had $279.05 million in total assets, $291 million in total
liabilities, and a total stockholders' deficit of $11.95 million.

Chicago, Illinois-based BDO USA, LLP, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
March 30, 2021, citing that significant uncertainties exist about
the Company's ability to refinance, extend, or repay its
outstanding indebtedness and maintain sufficient liquidity to fund
its business activities.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.


PURDUE PHARMA: AG Ferguson Files Objection to Bankruptcy Plan
-------------------------------------------------------------
Washington State Attorney General Bob Ferguson led eight other
attorneys general in filing a formal objection today asking the
judge to reject Purdue Pharma's proposed bankruptcy plan, which
includes a lifetime legal shield for the company's owners, the
Sackler family. The states argue that a bankruptcy court doesn't
have the authority to prevent attorneys general from enforcing
state law, including the decision to pursue the Sacklers for their
illegal conduct.

"This settlement plan allows the Sacklers to walk away as
billionaires with a legal shield for life," Mr. Ferguson said.
"It's up to the states -- not a bankruptcy court -- to decide
whether states should hold the Sacklers accountable in a court of
law. We're asking the court to reject this flawed proposal. The
Sacklers should not be allowed to profit from their misconduct."

Purdue's bankruptcy plan proposes that the Sackler family pay $4.3
billion to the group of states, municipalities and private
plaintiffs, including Washington, that sued the company in 2017.
Ferguson's objection, filed today in the U.S. Bankruptcy Court for
the Southern District of New York as part of Purdue's bankruptcy
proceedings, asserts $4.3 billion is miniscule in context: The
Sackler family made over $11 billion in profits from producing and
deceptively marketing OxyContin, a major driver in the rise of the
opioid crisis.

The crisis has cost the nation millions of lives and at least $2
trillion in damage. Based on expert reports, it will cost
Washington state alone tens of billions of dollars to fix the
state's opioid crisis.

As noted in a recently published New York Times op-ed, by the time
they are finished paying this settlement, the Sacklers will be
wealthier than they were when they started: "The Sacklers proposed
to pay the $4.5 billion out over nine years. Their current fortune
is estimated to be at least $11 billion. Conservatively, with
interest and investments, this means they can expect a 5 percent
annualized rate of return on that fortune. If that's the case,
they'll be able to pay the fine without even touching their
principal. When they're done paying in 2030, they will probably be
richer than they are today."

In addition, Purdue's bankruptcy plan releases the Sacklers for
life from all liability, meaning that the states would be
permanently barred from bringing consumer protection lawsuits
against the Sacklers. The objection asserts that a bankruptcy court
judge does not have the authority to take away a state attorney
general's power to enforce consumer protection laws.

The states' objection argues the Sacklers should not be handed a
federal injunction shielding the lion's share of their
multi-billion-dollar fortune in exchange for payments that cover
less than one percent of the damage they caused.

Washington's opposition to this settlement does not prevent
Washington from receiving its share of the settlement funds. If the
judge denies the objection and approves Purdue's proposal,
Washington and the other objecting states will still receive their
share of the $4.3 billion settlement fund. Although the plan is
still being finalized and these numbers are preliminary,
Washington's portion of this fund is estimated to be about $67
million to $76 million over 11 payments. Factoring in inflation,
the estimated total value in today's dollars is $53 million to $60
million.

Joining Washington in filing the objection is California,
Connecticut, Delaware, Maryland, Oregon, Rhode Island, Vermont and
the District of Columbia.

The hearing on the bankruptcy plan is set to begin on August 9. The
judge will decide on whether to approve the plan shortly after.

Case background

Washington is one of 48 states that sued Purdue Pharma, the maker
of OxyContin, for fueling the opioid epidemic. Washington's lawsuit
asserts Purdue embarked on a massive deceptive marketing campaign
to convince doctors and the public that OxyContin is effective for
treating chronic pain and has a low risk of addiction, all without
evidence to support its claims. This deceptive marketing resulted
in the deaths of Washingtonians and devastation to Washington
families.

The lawsuit contends Purdue conducted an uncontrolled experiment on
the American public without any reliable clinical evidence that
opioids are effective at treating chronic pain. To doctors and
patients, Purdue consistently downplayed the risks of addiction
from long-term use and deceptively represented opioids as safe for
treating long-term chronic pain.

The opioid epidemic continues to rise. The CDC recently reported
that more than 93,000 Americans died from an opioid overdose last
year, a record number and a 30 percent jump from 2019.

The lawsuit sought damages, injunctive relief, and civil penalties.
Washington estimated that Purdue would owe $2 billion in penalties
alone.

In October 2019, shortly before the lawsuit was set to go to trial,
Purdue declared bankruptcy, and then obtained an injunction halting
all state legal actions against the company. As part of the
bankruptcy proceedings, Purdue had to draft a plan that, once
approved by the judge, governs how the company will pay back all
its creditors -- including the 48 state attorneys general that
filed suit.

After Purdue submitted its proposal in March of this year, a subset
of 25 attorneys general including Ferguson issued a statement
opposing the plan. Ferguson issued another statement earlier this
July opposing the plan's lifetime legal shield and insufficient
settlement amount.

Assistant Attorneys General Tad Robinson O'Neill and Laura Clinton
are leading the case for Washington.

Ferguson's work on the opioid epidemic

For the last several years, the Attorney General's Office has taken
on complex cases to hold major corporations accountable for their
role in the opioid crisis. Earlier this year, a multinational
consulting firm that worked with Purdue was legally required to pay
$13.4 million to the Attorney General's Office. The consulting
firm, McKinsey, discussed ways for Purdue to "turbocharge" sales of
OxyContin.

In January 2020, Ferguson filed a lawsuit against Johnson &
Johnson, one of the largest suppliers of the raw materials used to
produce opioid pain medications, accusing the multinational company
of playing a key role in driving the entire pharmaceutical industry
to vastly expand the use of prescription opioids.

Ferguson also sued the three largest distributors of opioids --
McKesson Corp., Cardinal Health Inc. and AmerisourceBergen Drug
Corp. -- in 2019, asserting they made billions of dollars feeding
the opioid epidemic by shipping huge amounts of oxycodone,
fentanyl, hydrocodone and other prescription opioids into the state
even when they knew or should have known those drugs were likely to
end up in the hands of drug dealers and addicts.

In the summer of 2017, the Attorney General's Office hosted a
summit on Washington's opioid epidemic in partnership with the
Washington State Patrol and the Washington Association of
Prosecuting Attorneys. A report developed by the organizations
after the summit included a range of recommendations, several of
which became the subject of Attorney General request legislation in
the 2018 legislative session. Those proposals included limits on
new opioid prescriptions, which failed to pass the Legislature.
However, in the first half of 2019, state medical boards
implemented new opioid prescription limits in Washington state
similar to those requested by Ferguson.

               About Washington's Attorney General

Washington's Attorney General -- http://www.atg.wa.gov-- serves
the people and the state of Washington. As the state's largest law
firm, the Attorney General's Office provides legal representation
to every state agency, board, and commission in Washington.
Additionally, the Office serves the people directly by enforcing
consumer protection, civil rights, and environmental protection
laws. The Office also prosecutes elder abuse, Medicaid fraud, and
handles sexually violent predator cases in 38 of Washington's 39
counties.

                   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 facing the Company.

The Company's consolidated balance sheet at Aug. 31, 2019, showed
$1.972 billion in assets and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain, in White Plains, New York, has
been assigned to oversee Purdue's Chapter 11 case.

Davis Polk & Wardwell LLP and Dechert LLP are serving as legal
counsel to Purdue. PJT Partners is serving as investment banker,
and AlixPartners is serving as financial advisor. Prime Clerk LLC
is the claims agent.



PURDUE PHARMA: Toledo City Council Okays Future Settlement Money
----------------------------------------------------------------
The Associated Press reports that the Toledo City Council on
Tuesday, July 13, 2021, agreed to let the mayor and city law
director accept opioid settlement money from Purdue Pharma for the
impact the opioid crisis has had on Toledo.

Council members voted unanimously to allow Toledo Mayor Wade
Kapszukiewicz and City Law Director Dale Emch to vote in favor of
the plan.

Purdue Pharma, maker of OxyContin, filed for bankruptcy in 2019 in
the wake of several lawsuits brought against the company, including
one from the city of Toledo. A group that represented the
plaintiffs as well as some attorneys general and creditors worked
out a bankruptcy plan for reorganization with Purdue Pharma
representatives.

According to city of Toledo spokesman Ignazio Messina, the city
cast a vote in favor of the reorganization plan. Votes are due by
Wednesday.

"Ultimately, it will be up to the bankruptcy court. We do not know
how much money the city will receive because there are many
variables in the formula at this point," Messina said in a
statement Tuesday, July 13, 2021.

The city of Toledo signed on last year to the One Ohio Memorandum
of Understanding that provides for a statewide distribution formula
designed to address the opioid crisis and its impact on the Toledo
community and communities throughout the state. It is anticipated
that the money from the plan, if approved by the bankruptcy court,
would flow through the One Ohio process, according to language on
the city council ordinance.

Earlier this July 2021, Purdue Pharma's plan to reorganize into a
new entity got a big boost as 15 states that had previously opposed
the new business model ended up voicing their support, the
Associated Press reported.

The agreement from multiple state attorneys general, including
those who had most aggressively opposed Purdue’s original
settlement proposal, was disclosed July 7, 2021 in a filing in U.S.
Bankruptcy Court in White Plains, N.Y. It followed weeks of intense
mediations that resulted in changes to Purdue’s original exit
plan.

The new settlement terms call for Purdue to make tens of millions
of internal documents public, a step several attorneys general,
including those for Massachusetts and New York, had demanded as a
way to hold the company accountable.

Attorneys general for both states were among those who agreed to
the new plan, joining about half the states that had previously
approved it.

Some of the attorneys general who signed on noted that their states
are in line to get more money faster to fund drug treatment and
prevention.

But they continued to express ire with the company and especially
members of the wealthy Sackler family who own the company and have
not accepted any blame. "No one is happy with the settlement," New
York Attorney General Letitia James said. "Can the Sacklers do
more? Hell yeah, they can do a lot better, but it should first
begin with an apology."

North Carolina Attorney General Josh Stein noted July 8, 2021 that
the deal includes about $1.5 billion more than it initially did.

In a statement, members of the Sackler family called the support of
more states "an important step toward providing substantial
resources for people and communities in need."

The opioid crisis includes overdoses involving prescription drugs
as well as illegal ones such as heroin and fentanyl. Purdue's
bankruptcy case is the highest-profile piece of complicated
nationwide litigation against drugmakers, distribution companies
and pharmacies.

With just nine states and the District of Columbia remaining
opposed to the plan, it makes it more likely the federal bankruptcy
judge will confirm the deal.

Still, nine states and the District of Columbia did not sign on.
One of the holdouts, Washington Attorney General Bob Ferguson
complained: "This settlement plan allows the Sacklers to walk away
as billionaires with a legal shield for life."

                      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 for across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation facing the Company.

The Company's consolidated balance sheet at Aug. 31, 2019, showed
$1.972 billion in assets and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain, in White Plains, New York, has
been assigned to oversee Purdue's Chapter 11 case.

Davis Polk & Wardwell LLP and Dechert LLP are serving as legal
counsel to Purdue. PJT Partners is serving as investment banker,
and AlixPartners is serving as financial advisor. Prime Clerk LLC
is the claims agent.


QUANTUM VALVE: Taps Quilling Selander as Bankruptcy Counsel
-----------------------------------------------------------
Quantum Valve and Oilfield Solutions, LLC seeks approval from the
U.S. Bankruptcy Court for the Eastern District of Texas to hire
Quilling, Selander, Lownds, Winslett & Moser, P.C. to serve as
legal counsel in its Chapter 11 case.

The firm's services include:

     (a) providing legal advice to the Debtor regarding its powers,
duties and responsibilities and the continued management of its
affairs and assets under Chapter 11;

     (b) preparing legal papers;

     (c) preparing a status report and plan of reorganization, and
other services incident thereto;

     (d) investigating and prosecuting preference and fraudulent
transfers actions arising under the avoidance powers of the
Bankruptcy Code; and

     (e) performing all other legal services for the Debtor, which
may be necessary.

The firm's hourly rates are as follows:

     Attorney              $200 - $425 per hour
     Paralegals            $100 - $135 per hour

On June 24, 2021, the Debtor paid $21,738 to the law firm as a
retainer fee.

John Paul Stanford, Esq., a shareholder of the 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.

The firm can be reached at:

     John Paul Stanford, Esq.
     Quilling, Selander, Lownds, Winslett & Moser, P.C.
     2001 Bryan Street, Suite 1800
     Dallas, TX 75201
     Tel.: (214) 880-1851
     Email: jstanford@qslwm.com

            About Quantum Valve and Oilfield Solutions

Quantum Valve and Oilfield Solutions, LLC, a Fort Worth,
Texas-based company that provides support activities for the mining
industry, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D. Texas Case No. 21-40994) on July 12, 2021. In the
petition signed by John Luke Reed, chief executive officer, the
Debtor disclosed up to $50 million in both assets and liabilities.
Christopher J. Moser, Esq. at Quilling, Selander, Lownds, Winslett
and Moser, PC is the Debtor's legal counsel.


RENNOVA HEALTH: Completes Reverse Stock Split
---------------------------------------------
Effective at 5:00 pm, Eastern Time, on July 16, 2021, Rennova
Health, Inc. effected a 1 for 1,000 reverse stock split of its
outstanding common stock.  The Company's common stock opened for
trading on Monday, July 19, 2021 on a post-split basis under the
temporary trading symbol "RNVAD".  The trading symbol will revert
to "RNVA" after 20 business days.

As a result of the reverse stock split, every 1,000 shares of the
Company's common stock issued and outstanding on the Effective Time
were consolidated into one issued and outstanding share, except to
the extent that the reverse stock split resulted in any of the
Company's stockholders owning a fractional share, which fractional
share will be in that case paid in cash.  In connection with the
reverse stock split, there was no change in the nominal par value
per share of $0.0001.

Trading of the Company's common stock will continue on a
split-adjusted basis under a new CUSIP number.  Based on the number
of shares outstanding on July 16, the reverse stock split reduced
the number of shares of the Company's common stock outstanding from
approximately 10 billion pre-reverse split shares to approximately
10 million post-reverse split.

All outstanding preferred shares, stock options, warrants, and
equity incentive plans immediately prior to the reverse stock split
generally were appropriately adjusted by dividing the number of
shares of common stock into which the preferred shares, stock
options, warrants and equity incentive plans were exercisable or
convertible by 1,000 and multiplying the exercise or conversion
price by 1,000, as a result of the reverse stock split.

The Company has retained its transfer agent, Computershare Inc., to
act as its exchange agent for the reverse stock split.
Computershare will provide stockholders of record as of the
Effective Time a letter of transmittal providing instructions for
the exchange of their stock certificates.  Stockholders owning
shares via a broker or other nominee will have their positions
automatically adjusted to reflect the reverse stock split, subject
to brokers' particular processes, and will not be required to take
any action in connection with the reverse stock split.

                       About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- operates
three rural hospitals and a physician's office in Tennessee and a
physician's office in Kentucky and provides diagnostics and
supportive software solutions to healthcare providers.

Rennova Health reported a net loss of $18.34 million for the year
ended Dec. 31, 2020, compared to a net loss of $48.03 million for
the year ended Dec. 31, 2019. As of March 31, 2021, the Company had
$11.21 million in total assets, $64.12 million in total
liabilities, and a total stockholders' deficit of $52.91 million.

Salt Lake City, Utah-based Haynie & Company, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated April 15, 2021, citing that the Company has recognized
recurring losses and negative cash flows from operations, and
currently has minimal revenue producing activities.  This raises
substantial doubt about the Company's ability to continue as a
going concern.


RGN-GROUP HOLDINGS: Liquidating SPE Unsecureds to Get 2.1% to 58.8%
-------------------------------------------------------------------
RGN-Group Holdings, LLC and its debtor-affiliates submitted a First
Amended Disclosure Statement for the First Amended Joint Plan dated
July 19, 2021.

Recapitalization of the Guarantor Debtors. The Plan provides that
each Guarantor Debtor will emerge from its respective chapter 11
case with a restructured balance sheet that demonstrates positive
equity value. The Debtors believe that the Plan adequately
recapitalizes each Guarantor Debtor and complies with the Debtors'
go-forward financial obligations upon emergence. Certain
modification agreements for Unexpired Leases at RGN-National and H
Work require that the Guarantor Debtor to such Unexpired Lease have
a specified minimum net worth. Upon the Effective Date, such
guarantees shall be provided by RGN-Group Holdings as a replacement
guarantor. Aside from these lease modification agreements, the
Debtors do not intend to replace guarantors under lease agreements
through consummation of the Plan.

The Debtors estimate that RGN-Group Holdings will emerge from
chapter 11 with a mid-point enterprise value of approximately $435
million. The Debtors further estimate that RGN-Group Holdings will
emerge from chapter 11 with approximately $352.8 million in net
funded debt, comprised of: (a) proceeds from the Exit Facility in
the amount of approximately $111.3 million; and (b) Prepetition
Credit Agreement Claims of approximately $241.5 million. The
Debtors estimate that RGN-Group Holdings will emerge from chapter
11 with approximately $82.2 million in tangible equity value. The
Debtors believe that RGN-Group Holdings is adequately recapitalized
to comply with its post-emergence financial obligations, including
any payments RGN-Group Holdings is required to make under the Plan
and any minimum net worth requirements under Unexpired Leases that
it currently guarantees and for which it will serve as replacement
guarantor upon the Effective Date.

The Debtors estimate that RGN-National will emerge from chapter 11
with a mid-point enterprise value of approximately $18.5 million
and approximately $8.3 million in net debt relating to certain
deferred rent obligations. Accordingly, the Debtors estimate that
RGN-National will emerge from chapter 11 with approximately $10.2
million in equity value. The Debtors believe that RGN-National is
adequately recapitalized to comply with its post-emergence
financial obligations. Distributions RGN-National is required to
make under the Plan will be funded by the proceeds of the Exit
Facility at RGN-Group Holdings.

The Debtors estimate that H Work will emerge from chapter 11 with a
mid-point enterprise value of approximately $9 million and
approximately $7.2 million in net debt relating to certain deferred
rent obligations. Accordingly, the Debtors estimate that H Work
will emerge from chapter 11 with approximately $1.8 million in
equity value. The Debtors believe that H Work is adequately
recapitalized to comply with its post-emergence financial
obligations. Distributions H Work is required to make under the
Plan will be funded by the proceeds of the Exit Facility at RGN
Group Holdings.

The Plan divides the Debtors into the Liquidating SPE Debtors, the
Excluded SPE Debtors (if any), and the Reorganizing Debtors. The
Debtor entities that will be Liquidating SPE Debtors are RGN-Los
Angeles XXV, LLC, RGN-Atlanta XXXV, LLC, RGN-Columbus IV, LLC,
RGN-Chicago XLIV, LLC, RGN-Portland VII, LLC, RGNSan Jose IX, LLC,
RGN-New York V, LLC, and RGN-Chicago XVI, LLC.

The treatment of Allowed Claims and Allowed Interests with respect
to Reorganizing Debtors:

   * Class 5A consists of General Unsecured Claims against
Guarantor Debtors with 100% projected recovery. Each Holder of an
Allowed General Unsecured Claim against the Guarantor Debtors shall
receive:

     -- payment in full in Cash (including payment of postpetition
interest at a rate sufficient to render such Allowed General
Unsecured Claim against the Guarantor Debtors Unimpaired), which
payment shall occur on the later of (A) the Effective Date or (B)
the first business day after the date that is thirty (30) calendar
days after the date such Claim becomes an Allowed General Unsecured
Claim;

     -- solely to the extent such Allowed General Unsecured Claim
is contingent as of the Effective Date, Reinstatement of such
Allowed General Unsecured Claim; or

     -- such other treatment rendering such Allowed General
Unsecured Claim Unimpaired in accordance with section 1124 of the
Bankruptcy Code.

   * Class 5B consists of General Unsecured Claims against Assuming
SPE Debtors with 100% projected recovery. Each Holder of an Allowed
General Unsecured Claim against Assuming SPE Debtors shall receive
the following:

     -- payment in full in Cash (including payment of postpetition
interest at a rate sufficient to render such Allowed General
Unsecured Claim against the Assuming SPE Debtors Unimpaired), which
payment shall occur on the later of (A) the Effective Date or (B)
in the ordinary course;

     -- solely to the extent such Allowed General Unsecured Claim
is contingent as of the Effective Date, Reinstatement of such
Allowed General Unsecured Claim; or

     -- such other treatment rendering such Allowed General
Unsecured Claim Unimpaired.

   * Class 5C consists of General Unsecured Claims against
Rejecting SPE Debtors with 100% projected recovery. Each Holder of
an Allowed General Unsecured Claim against Rejecting SPE Debtors
shall receive payment in full in Cash (including payment of
postpetition interest at a rate sufficient to render such Allowed
General Unsecured Claim against Rejecting SPE Debtors Unimpaired),
which payment shall occur on the later of (A) the Effective Date or
(B) in the ordinary course.

The treatment of Allowed Claims and Allowed Interests with respect
to the Liquidating SPE Debtors:

   * Class L3 consists of General Unsecured Claims against
Liquidating SPE Debtors with 2.1%–58.8% projected recovery. Each
Holder of an Allowed General Unsecured Claim against a Liquidating
SPE Debtor shall receive its Pro Rata share of the applicable
Liquidating SPE Debtor Distribution Pool in Cash on the Effective
Date.

   * Class L4 consists of Intercompany Claims against Liquidating
SPE Debtors. All Intercompany Claims against the Liquidating SPE
Debtors shall extinguished, compromised, addressed, cancelled, or
settled without any distribution on account of such Claims.

   * Class L5 consists of Existing Interests in Liquidating SPE
Debtors. All Existing Interests in the Liquidating SPE Debtors
shall be discharged, cancelled, released, and extinguished and of
no further force or effect without any distribution on account of
such Interests.

The Debtors shall fund distributions under the Plan, as applicable,
with: (a) the Exit Facility, if applicable; (b) Cash held on the
Effective Date by or for the benefit of the Debtors; and (c) the
recapitalization of the Guarantor Debtors or the replacement of any
Guaranty, as applicable.

The Voting Deadline is August 12, 2021, at 4:00 p.m. The
Confirmation Hearing is scheduled for August 19, 2021, at 10:00
a.m.

               About RGN Group Holdings LLC

RGN-Group Holdings, LLC and its affiliates are primarily engaged in
renting and leasing real estate properties.  On Aug. 17, 2020,
RGN-Group Holdings and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
20-11961).

At the time of the filing, RGN-Group Holdings disclosed total
assets of $1,005,956,000 and total liabilities of $946,016,000.

Judge Brendan Linehan Shannon oversees the cases.

The Debtors have tapped Faegre Drinker Biddle & Reath LLP as their
bankruptcy counsel, Alixpartners as financial advisor, Duff &
Phelps LLC as restructuring advisor, and Epiq Corporate
Restructuring LLC as claims and noticing agent.

Natasha Songonuga is the Subchapter V trustee for the estates of
RGN-Group Holdings, LLC and its affiliates.  The trustee is
represented by Gibbons P.C.

The Official Committee of Unsecured Creditors has retained FTI
Consulting, Inc. as financial advisor; and Cole Schotz P.C. and
Frost Brown Todd LLC as Co-Counsel.


RUSSO REAL ESTATE: Taps Peyco Southwest as Real Estate Broker
-------------------------------------------------------------
Russo Real Estate, LLC and DeRiso Development, LLC seek approval
from the U.S. Bankruptcy Court for the District of Texas to hire
Arlington, Texas-based real estate broker, Peyco Southwest Realty
Inc.

The Debtors need the services of a real estate broker to list and
sell approximately 5,332 square feet of lease space on
approximately 0.4905-acre tract of land in Tarrant County, Texas.

The firm will be paid a commission of 6 percent if co-brokered or 5
percent if the deal was done directly with no other broker
involved.

Jordan Foster, the firm's primary commercial real estate broker,
disclosed in a court filing that he is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Jordan Foster
     Peyco Southwest Realty Inc.
     1703 North Peyco Drive
     Arlington, TX 76001
     Tel.: (817) 467-6803
     Email address: jfoster@peycosouthwest.com

          About Russo Real Estate and DeRiso Development

Russo Real Estate LLC, and DeRiso Development, LLC are Arlington,
Texas-based companies engaged in activities related to real
estate.

Russo Real Estate and DeRiso Development filed voluntary petitions
for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Texas Lead Case No. 21-40220) on Feb. 1 2021.  At the time of the
filing, Russo Real Estate disclosed assets of between $1 million
and $10 million and liabilities of the same range.  DeRiso
Development had estimated assets of less than $50,000 and
liabilities of between $1 million and $10 million.

Judge Edward L. Morris oversees the cases.

Hixson & Stringham, PLLC and Curnutt & Hafer, LLP serve as the
Debtors' bankruptcy counsel and special counsel, respectively.


RVT INC: Unsecured Creditors to Receive 100% Under Plan
-------------------------------------------------------
RVT, Inc., submitted an Amended Chapter 11 Disclosure Statement
explaining its Chapter 11 Plan.

The Plan proposes to restructure the financial affairs of the
Debtor.

Under the Plan, Class 4 — General Unsecured Claims consists of
"general" unsecured claims, which will receive, over time, the
following estimated percentage of their claims: 100%.

The Plan proponent believes the Plan is feasible because, both on
the Effective Date and for the duration of the Plan, the proponent
estimates that Debtor will have sufficient cash to make all
distributions.

Attorney for: RVT, Inc:

     Larry Fieselman, Esq.
     OAKTREE LAW
     10900 183rd street, Suite 270
     Cerritos CA90703
     Tel : (562) 741-3943
     Fax : (562) 264-1496

A copy of the Disclosure Statement dated July 12, 2021, is
available at https://bit.ly/3B1ZDLV from PacerMonitor.com.

                                         About RVT Inc.

Based in Fontana, California, RVT Inc. filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 19-17552) on Aug. 28, 2019, listing
under $1 million in both assets and liabilities.  The Hon. Mark S.
Wallace is the case judge.  OAKTREE LAW represents the Debtor.


SALIENT CRGT: GovernmentCIO Deal Has No Impact Moody's Caa1 CFR
---------------------------------------------------------------
Moody's Investors Service said that the ratings of Salient CRGT,
Inc. ("SCRGT" or the "company"), including the Caa1 corporate
family, Caa1-PD probability of default, and B3 first lien bank
facility ratings, are unaffected by the company's pending sale to
GovernmentCIO. The negative outlook is unaffected.

RATINGS RATIONALE

The Caa1 CFR reflects the company's relatively small size and an
elevated financial risk profile with leverage in the mid-7x range.
Refinancing risk is high because the first lien revolver expires in
November 2021 and the term loan matures in February 2022. That
said, SCRGT's recent contract award momentum has been favorable and
leverage will decline to mid-6x near term with earnings growth.

A change of control provision under SCRGT's first lien loan
agreement will cause repayment and termination of all rated debt
facilities concurrent with the company's sale. The transaction is
scheduled to close in the third quarter of 2021, at which time
Moody's expects to withdraw all of the company's ratings.

Should the company's sale not occur as planned, a rating upgrade
would depend on successful refinancing of the debt structure, with
leverage below 7x. Ratings would, in turn, be downgraded were the
maturing debts to not be quickly refinanced.

Salient CRGT, headquartered in Fairfax, Virginia, is a provider of
custom software development, data analytics and other technology
services to US government agencies. SCRGT is a portfolio company of
Bridge Growth Partners and Frontenac Company (equally split
ownership). Revenue for the last twelve months ending April 2, 2021
was approximately $428 million.


SALON PROZ: Wins Cash Collateral Access Thru Aug 31
---------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina has
authorized Salon Proz, LLC to continue using cash collateral on an
interim basis through August 31, 2021, in accordance with the
budget, with a 10% variance.

In an effort to achieve a consensual Plan, the Parties had
mediation scheduled for July 14. The Parties have stipulated to an
extension of the authorized use of cash collateral through August
31 to allow the Parties to evaluate the results of mediation and
take any appropriate actions stemming from the outcome of the
mediation. Nothing (i) obligates the Parties to reach a resolution
of their issues at the mediation or (ii) impairs or waives any
right or remedy of the Parties in the case.

The Parties also agreed to continue the Motion to Dismiss Case
filed by South Carolina Community Bank, d/b/a Optus Bank, to a
later date in August; the continuance of the Motion to Dismiss will
be made by separate Order. The parties also agree that the Debtor's
budget incorporated the Order will be increased due to an increase
in utility usage associated with new tenants and to increase
professional fees. The adequate protection payment to Optus will
remain $1,500 per month.

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

                         About Salon Proz

Salon Proz, LLC, a Columbia, S.C.-based single asset real estate
debtor (as defined in 11 U.S.C. Section 101(51B)), filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. S.C. Case No. 21-00820) on March 23, 2021.  Yvonne
Jones, managing member and owner, signed the petition.  At the time
of filing, the Debtor disclosed $500,000 to $1 million in assets
and $1 million to $10 million in liabilities.

Judge David R. Duncan oversees the case.

Moore Taylor Law Firm, PA represents the Debtor as legal counsel.



SAMURAI MARTIAL: Seeks to Hire Baker & Associates as Legal Counsel
------------------------------------------------------------------
Samurai Martial Sports, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Baker &
Associates to serve as legal counsel in its Chapter 11 case.

The firm's services include:

   a. assisting in analyzing the Debtor's financial situation;

   b. advising the Debtor with respect to its duties under the
Bankruptcy Code;

   c. preparing legal papers;

   d. representing the Debtor at the first meeting of creditors;

   e. representing the Debtor in all proceedings before the
bankruptcy court and in any other judicial or administrative
proceeding where the rights of the Debtor may be litigated or
otherwise affected;

   f. preparing and filing disclosure statement and Chapter 11 plan
of reorganization; and

   g. assisting in other matters relating to or arising out of the
Debtor's bankruptcy case.

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

The Debtor paid the firm a retainer of $15,000.

Reese Baker, Esq., a partner at Baker & Associates, 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:

     Reese Baker, Esq.
     Baker & Associates
     950 Echo Lane, Ste 300
     Houston, TX 77024
     Tel: (713) 979-2279

                   About Samurai Martial Sports

Samurai Martial Sports, Inc. is a Houston-based company that
operates a sports complex, camps, after school care and related
matters.

Samurai Martial Sports sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case  No.  21-32250) on July 2,
2021. In the petition signed by Ihab Ahmed, president, the Debtor
disclosed $1 million to $10 million in both assets and liabilities.
Judge Eduardo V. Rodriguez oversees the case.  Reese Baker, Esq.,
at Baker & Associates, is the Debtor's legal counsel.


SEBSEN ELECTRIC: Seeks to Use Cash Collateral
---------------------------------------------
Sebsen Electric, LLC asked the Bankruptcy Court to authorize the
use of cash, accounts receivable, and other income derived from the
Debtor's operations to fund its operating expenses and costs of
administration in its bankruptcy case for the duration of the
Chapter 11 case.

The proposed six-month budget from July through December 2021
provided for these costs and expenses:
                             
                  Cost of         Total  
     Month       Goods Sold      Expenses
    -------      -----------     --------
     July          $181,500       $86,600

     August        $179,000       $59,600

     September     $159,000       $59,600

     October       $168,000       $59,600

     November      $238,000       $58,200

     December      $227,500       $58,200

Upon information and belief, Electric Supply, Inc. and the U.S.
Small Business Administration may claim blanket liens against the
Debtor's assets.  Electric Supply asserts a claim for $328,000
while the SBA asserts a claim for $149,900.  The Debtor estimates
that the collective claims of the Secured Creditors are secured by
$433,000 in assets, including cash collateral.

As adequate protection for the use of cash collateral, Debtor
proposed to grant the Secured Creditors postpetition replacement
liens on the Secured Creditor Assets to the same extent, validity,
and priority as existed prepetition.

A copy of the motion is available for free at
https://bit.ly/3zeD9ph from PacerMonitor.com.

Counsel for the Debtor:

   Buddy D. Ford, Esq.
   Jonathan A. Semach, Esq.
   Heather M. Reel, Esq.
   Buddy D. Ford, P.A.
   9301 West Hillsborough Avenue
   Tampa, FL 33615-3008
   Telephone: (813) 877-4669
   Email: All@tampaesq.com
          Buddy@tampaesq.com
          Jonathan@tampaesq.com
          Heather@tampaesq.com

                    About Sebsen Electric, LLC

Sebsen Electric, LLC filed a petition under Subchapter V of Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 21-03626) on
July 12, 2021.  On the Petition Date, the Debtor disclosed $545,466
in total assets and $888,950 in total liabilities.  The petition
was signed by Anthony S. Italiano, manager.  Buddy D. Ford, P.A.
represents the Debtor as counsel.  Ruediger Mueller is appointed as
the Debtor's Subchapter V Trustee.



SEBSEN ELECTRIC: TCMI's Ruediger Mueller Named as Trustee
---------------------------------------------------------
Mary Ida Townson, United States Trustee for Region 21, appointed
Ruediger Mueller as Subchapter V Trustee for Sebsen Electric, LLC.
Mr. Mueller is president and senior partner at Turnaround
Consulting & Management International (TCMI).

Mr. Mueller's contact information:

Ruediger Mueller, CTP
1112 Watson Court
Reunion, FL 34747
Telephone: (678) 863-0473
Facsimile: (407) 540-9306
Email: trustee@tcmius.com

                    About Sebsen Electric, LLC

Sebsen Electric, LLC filed a petition under Subchapter V of Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 21-03626) on
July 12, 2021.  On the Petition Date, the Debtor disclosed $545,466
in total assets and $888,950 in total liabilities.  The petition
was signed by Anthony S. Italiano, manager.  Buddy D. Ford, P.A.
represents the Debtor as counsel.  Ruediger Mueller is appointed as
the Debtor's Subchapter V Trustee.



SEQUA CORP: S&P Alters Outlook to Negative, Affirms 'CCC+' ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook on Sequa Corp. to stable
from negative and affirmed its 'CCC+' issuer credit rating.

S&P said, "The stable outlook reflects our expectation that the
company's commercial aerospace business will recover, though the
pace of the recovery remains uncertain.

"We expect Sequa's credit metrics will begin to recover in 2021.
The company's debt to EBITDA weakened to about 9.9x in 2020 because
of the lower demand stemming from the effects of the coronavirus
pandemic. Sequa's Precoat segment, which provides metal coatings
for construction uses, remained stable during the pandemic.
However, the company's Chromalloy segment, which supplies
aftermarket parts and services to the aerospace industry,
experienced a significant drop in its revenue and earnings as the
volume of air travel declined and airlines parked their aircraft.
We expect Sequa's Chromalloy segment to report a recovery in its
volumes in 2021 as the pace of air travel begins to recover and the
effects of the pandemic subside. Specifically, we now forecast the
company will improve its debt to EBITDA to about 7.4x-7.8x in 2021
and 6.7x-7.1x in 2022."

While the risks stemming from the pandemic have lessened, there is
still some uncertainty following the emergence of more contagious
variants. The volume of air traffic has begun to recover from 2020
lows in places such as the U.S. and China. In other markets, such
as Europe and India, the pace of the recovery has been slower due
to their lower vaccination rates. The emergence of the highly
contagious delta variant could further delay the recovery in these
areas if the currently available suite of vaccines prove to be
ineffective against this new variant.

Sequa will likely maintain adequate liquidity. As of March 31,
2021, the company had about $77 million of cash and $161 million of
availability under its undrawn revolver and receivables purchase
agreement (RPA). S&P said, "We expect the company to generate
negative free cash flow of $20 million-$30 million in 2021 due to
working capital needs as its demand recovers, though we forecast it
will likely generate modest positive free cash flow in 2022. Sequa
used the proceeds from the sale of a Precoat facility in December
2020 to improve its liquidity and repay debt and no longer faces
the required amortization on its first-lien term facility through
2024. We anticipate Sequa will be in compliance with the first-lien
net leverage covenant on its credit facility, which comes back into
effect for the quarter ending Sept. 30, 2021, and steps down each
quarter through June 30, 2022."

S&P said, "The stable outlook on Sequa reflects our expectation
that its credit metrics will improve in 2021 after weakening
significantly in 2020 due to the reduced level of air traffic
because of the coronavirus outbreak, though there is still some
uncertainty around the pace of its recovery. We now expect the
company's debt to EBITDA to improve to 7.4x-7.8x in 2021 after
weakening to 9.9x in 2020.

"We could raise our rating on Sequa if it improves its debt to
EBITDA below 8x and increases its free cash flow to at least
breakeven and we expect both measures to remain at these levels.
This would likely occur due to a recovery in the commercial
aerospace market assuming the company maintains its relatively
conservative financial policy. In addition, we would expect Sequa
to address its upcoming maturities before they become current.

"We could lower our rating on Sequa if we believe it will default
in the next 12 months due to a near-term liquidity crisis or think
it is considering undertaking a distressed exchange offer or
redemption. Such a liquidity crisis would likely occur if the
pandemic has a greater-than-anticipated effect on its earnings and
free cash flow because the volume of air traffic does not recover
as we expect."



SOAS LLC: Wins Interim Use of Cash Collateral Thru August 15
------------------------------------------------------------
Judge Marc Barreca authorized Soas, LLC to use cash collateral, on
an interim basis, through August 15, 2021, to pay ordinary and
necessary business expenses, pursuant to the budget.  

The budget provided for these total monthly expenses:

      $389,044 for the month of July 2021;

      $359,899 for the month of August 2021;

      $371,198 for the month of September 2021;

      $383,890 for the month of October 2021;

      $367,069 for the month of November 2021; and

      $348,216 for the month of December 2021.

A copy of the budget is available for free at
https://bit.ly/36HrEe5 from PacerMonitor.com.

As adequate protection for the Debtor's use of cash collateral,
lender Live Oak Bank Company is granted valid, binding, enforceable
and perfected security interests and liens in all personal property
of the Debtor, and all rents, profits, and proceeds generated
therefrom, in the same priority as they existed prior to the
Petition Date, to the extent of any diminution in the value of the
Lender's collateral after the Petition Date.  The Replacement Liens
shall be in addition to those liens against the Debtor's assets
that the Lender held pre-petition.

As additional adequate protection for any diminution in the value
of their respective collateral, Junior Lienholders -- Steven Oliva;
Hi-School Pharmacy Services; McKesson Corporation and Cardinal
Health 110 LLC -- shall be granted valid, binding, enforceable, and
automatically perfected replacement lien and security interest in
all of the Debtor's post-petition assets.

The Debtor shall, as further adequate protection:

   * provide the Lender, beginning August 1, 2021 and by 12 noon
every Friday thereafter, specific reports containing information on
the Debtor's cash income; cash expenditures; comparison of budgeted
and actual income and expenses; and a listing of accounts
receivable and work-in-progress;

   * 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 pursuant to
Section 507(a)(4) and (5) of the Bankruptcy Code, unless expressly
agreed upon in writing by Live Oak, or approved by the Bankruptcy
Court after notice and hearing; and

   * make an adequate protection payment to Live Oak Bank for
$10,000 not later than August 5, 2021.  

The adequate protection payment to the Lender is without prejudice
to the estate, the Debtor, any Committee if one is appointed, or
any other party in interest to challenge the interest rate 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 interest paid pursuant to the current provision of
the interim order shall be credited against that component of the
rent paid to Dry Lake Land Stewardship, LLC.  The Debtor owes Dry
Lake Land Stewardship for back rent as of the Petition Date,
according to a list of the Debtor's creditors with unsecured
claims.   

In the event the Debtor fails to comply with the adequate
protection payment deadline, the use of cash collateral is
terminated and Live Oak Bank may submit an ex parte order
converting the Debtor's case to Chapter 7.  The Debtor may pay its
counsel, The Tracy Law Group PLLC, up to $50,000 during the interim
period for allowed but unpaid administrative expense, subject to
availability of sufficient funds after the adequate protection
payments have been made.

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

A further interim hearing on the Debtor's use of the cash
collateral is set for August 5, 2021, at 9:30 a.m.  Objections and
response, if any, must be filed no later than 12 p.m. on July 29.

                          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.


SOUTH MOON: Unsecureds Will be Paid in Full Over 5 Years
--------------------------------------------------------
South Moon BBQ Incorporated submitted a Plan and a Disclosure
Statement.

Since April of 2021, the Debtor has been at 100% full capacity
indoor dining. As expected, sales have increased.  The Debtor
expects sales to continue to increase to between $60,000 to $80,000
per month plus additional revenue from video gaming hopefully in
August of 2021.

Under the Plan, Class 4 General Unsecured Creditors. The Plan
proposes to pay all Class 4 claims in full over a 5-year term with
interest at the rate of 3% per annum. Class 4 is impaired.

Payments to creditors total $15,090.50 per month per Section 2.4 of
the Plan.

Attorney for the Debtor:

     JAMES E. STEVENS
     Barrick Switzer Long Balsley & Van Evera, LLP
     6833 Stalter Drive
     Rockford, IL 61108
     815-962-6611
     jstevens@bslbv.com

A copy of the Disclosure Statement dated July 12, 2021, is
available at https://bit.ly/3r91v0T from PacerMonitor.com.

                    About South Moon BBQ Inc.

South Moon BBQ Incorporated sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-80759) on April
1, 2019.  At the time of the filing, the Debtor was estimated to
have assets of less than $50,000 and liabilities of less than $1
million.  The case is assigned to Judge Thomas M. Lynch.  Barrick,
Switzer, Long, Balsley, & Van Evera LLP is the Debtor's counsel.


SOVOS COMPLIANCE: S&P Assigns 'B-' ICR, Outlook Stable
------------------------------------------------------
S&P Global Ratings assigned a 'B-' issuer credit rating to Sovos
Compliance LLC and a 'B-' issue-level rating and '3' recovery
rating to the proposed first-lien debt.

The stable outlook reflects S&P's expectation that the company's
strong recurring revenue base and solid margins will support stable
operating growth and leverage compression into the mid-to-high-10x
area by the end of fiscal 2022.

Sovos' business risk profile is constrained by its small scale of
operations and narrow focus in a highly fragmented and niche tax
compliance market.

Despite being a leading service provider in the space, Sovos
operates at a relatively small scale, generating about $409 million
in pro forma revenue in fiscal 2021 in the much broader $8 billion
indirect tax compliance market. It provides an end-to-end solution,
which includes tax determination, continuous transaction control
compliance, and tax reporting to jurisdictions in the U.S., Latin
America, Europe and Asia. This enables multinational businesses to
outsource their tax compliance reporting requirements and leverage
Sovos' jurisdictional expertise. Its service portfolio consists of
tax and regulatory reporting, global value added tax, sales and use
tax, and Ship Compliant. However, with this narrower service
portfolio mainly focused on indirect tax compliance and reporting
solutions, the company operates in a highly competitive and
fragmented industry. The industry is saturated with small service
providers, as well as larger players (such as Thomson Reuters
Corp., FIS, and Vertex, offering similar technology capabilities
and is well-funded with diversified revenue streams. The
consolidation of smaller players by large-scale service providers,
as well as broader industry consolidation are the major
contributors to client attrition and retention rates. As a result,
S&P views the competitive landscape as a key risk to Sovos' growth
trajectory over the next few years.

S&P said, "That said, we believe the company is well-positioned for
growth from industry tailwinds of evolving regulatory requirements
and digital transformation from their enterprise customers, as well
as local and regional jurisdictions. As corporate entities and
legal firms aim to automate workflows and digitize processes, we
think Sovos stands to benefit from its strong position in the
market, especially from blue-chip companies that operate in
regulated industries facing a multitude of complexities in their
tax reporting workflows. The company has relationships with
approximately half of the Fortune 500 companies and its top
industry verticals also show solid diversification, including
financial services, manufacturing, retail, and professional and
business services. Moreover, we believe the high share of recurring
revenue (over 90%) from its multiyear contracts with price
escalators will provide strong revenue visibility. Moreover, the
company serves more than 20,700 customers and has limited customer
concentration since the top 10 customers account for 7% of total
revenue.

"While organic revenue growth slowed down in 2020 due to the
COVID-19 pandemic, top-line growth has picked up in the first half
of 2021, driven by the essential nature of its services. Over the
next 12 months, we expect robust organic growth and acquisitions to
drive top-line growth in the near term to the 30% area. We also
forecast the roll off of one-time transaction-related costs from
the August 2020 LBO (Hg and TA Associates) transaction to support
EBITDA margins expansion into the mid-to-high 30% area in fiscal
2022 from about 21.1% in fiscal 2021.

"Sovos' acquisitive growth strategy will limit long-term
deleveraging given our expectation of continued acquisition and
integration-related costs, which we view as recurring."

Given the fragmented nature of the industry, sticky client
relationships, and the growing importance of indirect tax
compliance reporting solutions, industry consolidation has been an
attractive avenue for Sovos to scale its technology platform,
global reach, and revenue base. The company has had an active
acquisition history, making over 18 acquisitions (excluding three
acquisitions that have yet to close) over the past eight years.
Subsequently, S&P believes Sovos' acquisition strategy will remain
aggressive because increasing the scope and scale of its products
will remain a key priority.

S&P said, "In our view, the company would prioritize growth
opportunities in the value-added tax segment as in-house operators
turn to outsourcing to improve efficiency as more countries
transition toward continuous tax controls that require real time
e-invoicing capabilities. While we expect the company to continue
to generate solid organic and acquisition-driven sales, operating
leverage and EBITDA growth should lead to deleveraging in the 10x
area over the next year. That said, leverage could also expand
further, given the company's highly acquisitive nature. As a
result, we believe the sponsor will continue to prioritize capital
projects, acquisitions, or dividends over debt repayment, thus
limiting deleveraging opportunities. Although Sovos' cash balance,
improved capacity under its revolving credit facility, and solid
free operating cash flow (FOCF) generation could provide additional
capacity for acquisitions, we believe the company will likely
employ its proposed delayed draw term loan given its 24-month
expiration date (if undrawn). Notably, this has not been reflected
in our base case.

"Sovos will operate with high leverage, and credit measures will be
further pressured by the inclusion of about $425 million of
preferred equity in our calculation of adjusted debt.

"With this transaction, Sovos' capital structure includes the
addition of $425 million preferred equity securities. According to
our criteria, we treat these preferred shares as debt because they
lack permanence, thus increasing our pro forma adjusted leverage to
over 10x in fiscal 2022. Although we assess the preferred shares as
debt-like, we do not expect this to weigh on Sovos' cash interest
and cash flow given the option to defer interest payments through a
cash alternative, pay-in-kind interest feature of the preferred
equity.

"The stable outlook reflects our expectation that the company's
strong recurring revenue base and solid margins, along with
continued demand for tax compliance software solutions, will
contribute to stable operating growth over the next 12 months. Our
base case expectation is for adjusted leverage to decline to the
mid-to-high-10x area by the end of fiscal 2022.

"We could raise our ratings on Sovos if the company increased its
scale significantly (aligning it more comparably with higher-rated
peers) and strengthened its operating performance from successful
acquisition integrations and expansion of its enterprise resource
planning vendor network while sustaining FOCF to debt in the
high-single-digit percent area."

S&P could lower its rating on Sovos if:

-- The company materially underperformed S&P's base case
expectations for sales and earnings, resulting in break-even or
negative FOCF and a failure to deleverage from its very high
leverage levels such that its capital structure became
unsustainable; or

-- The company's liquidity materially weakened because of a
weakened operating performance, large debt-financed acquisitions or
dividends, integration missteps from recent acquisitions, customer
losses, or an unexpected spike in costs.



SPICE MUST FLOW: Seeks Cash Collateral Access
---------------------------------------------
The Spice Must Flow, LLC asks the U.S. Bankruptcy Court for the
Western District of North Carolina, Asheville Division, for
authority to use cash collateral in accordance with a formal
budget.

PS Funding, Inc. (PS Funding 1) assignee of Pantheon Capital
Advisors, Inc., holds a valid first priority lien encumbering 50
Newfound Road, Asheville, Buncombe County, North Carolina, pursuant
to a Deed of Trust, Assignment of Rents and Security Agreement
dated December 16, 2019. The Debtor asserts that the amount of the
outstanding claim is $104,024.61 and the value of the Property
securing the claim is $180,000 and generates rent on a regular
basis.

PS Funding, Inc. (PS Funding 2), assignee of Pantheon Capital
Advisors, Inc., holds a valid first priority lien encumbering 41
McKinney Drive, Asheville, Buncombe County, North Carolina pursuant
to a Deed of Trust, Assignment of Rents and Security Agreement
dated December 23, 2019. The Debtor asserts that the amount of the
outstanding claim is $203,494.23 and the value of the Property
securing the claim is $275,000 and generates rent on a regular
basis.

Pantheon Capital Advisors, Inc. (Pantheon 1) holds a valid first
priority lien encumbering 4 and 12 Strawflower Lane, Asheville,
Buncombe County, North Carolina pursuant to a Deed of Trust,
Assignment of Rents and Security Agreement dated January 9, 2020.
The Debtor asserts that the amount of the outstanding claim is
$94,356.58 and the value of the Property securing the claim is
$90,000 and generates rent on a regular basis.

Pantheon Capital Advisors, Inc. (Pantheon 2) holds a valid first
priority lien encumbering 8 Strawflower Lane, Asheville, Buncombe
County, North Carolina pursuant to a Deed of Trust, Assignment of
Rents and Security Agreement dated January 9, 2020. The Debtor
asserts that the amount of the outstanding claim is $93,948.62 and
the value of the Property securing the claim is $73,600 and
generates rent on a regular basis.

Pantheon Capital Advisors, Inc. (Pantheon 3) holds a valid first
priority lien encumbering 577 Emma Road, Asheville, Buncombe
County, North Carolina pursuant to a Deed of Trust, Assignment of
Rents and Security Agreement dated January 9, 2020. The Debtor
asserts that the amount of the outstanding claim is $126,000 and
the value of the Property securing the claim is $400,000 and
generates rent on a regular basis.

The Debtor has not yet had a full opportunity to review all of the
Loan Documents. At this point, the Debtor relies upon its
understanding that the Deeds of Trusts securing the Real Property
contain Assignments of Rents and Profits clauses securing all funds
received as rents collected on the Real Properties.

The Debtor says the Lenders have adequate protection against the
diminution in value of their pre-petition collateral.
Preliminarily, the use of cash collateral in the ordinary course of
business, in and of itself, provides adequate protection in that it
preserves the going concern value of the Debtor's business and, as
a result, the value of the pre-petition collateral. To further
protect against diminution in the value of the pre-petition
collateral, the Debtor proposes to provide the Lenders with
replacement liens in post-petition assets to the same extent and
priority as existed pre-petition, for all cash collateral actually
expended during the duration of the interim cash collateral order.

As additional adequate protection, the Debtor proposes to pay these
monthly adequate protection payments to the Lenders beginning July
30, 2021:

PS Funding 1  -   $574.43
PS Funding 2  - $1,123.70
Pantheon 1    -   $521.00
Pantheon 2    -   $518.79
Pantheon 3    -   $695.78

The Debtor requests a preliminary hearing on an emergency basis to
approve the interim request pursuant to Bankruptcy Rule 4001(b)(2)
and that a final hearing be set at least 14 days after the filing
of the motion.

A copy of the order and the Debtor's budget is available at
https://bit.ly/3zcyR1P from PacerMonitor.com.

The Debtor projects $ 19,500 in total income and $ 13,375 in total
expenses for July 2021.

                     About The Spice Must Flow

The Spice Must Flow, LLC, an Asheville, N.C.-based company, sought
protection for relief under Chapter 11 of the Bankruptcy Code
(Bankr. W.D.N.C. Case 21-10135)  on July 6, 2021.  Shawn Thomas
Johnson, member and manager, signed the petition. At the time of
filing, the Debtor disclosed total assets of up to $10 million and
total liabilities of up to $1 million.  Judge George R. Hodges
presides over the case.  Ivey, Mcclellan, Siegmund, Brumbaugh &
Mcdonough, LLP, serves as the Debtor's legal counsel.



TRINITAS CLO IX: Moody's Upgrades $30MM Cl. E Notes Rating to Ba3
-----------------------------------------------------------------
Moody's Investors Service has assigned ratings to three classes of
CLO refinancing notes issued by Trinitas CLO IX, Ltd. (the
"Issuer").

Moody's rating action is as follows:

US$384,000,000 Class A-RR Floating Rate Notes due 2032 (the "Class
A-RR Notes"), Assigned Aaa (sf)

US$72,000,000 Class B-RR Floating Rate Notes due 2032 (the "Class
B-RR Notes"), Assigned Aa2 (sf)

US$28,200,000 Class C-RR Deferrable Floating Rate Notes due 2032
(the "Class C-RR Notes"), Assigned A2 (sf)

Additionally, Moody's has taken rating action on the following
outstanding notes originally issued by the Issuer on November 19,
2018 (the "Original Closing Date"):

US$37,800,000 Class D Deferrable Floating Rate Notes due 2032 (the
"Class D Notes"), Upgraded to Baa3 (sf); previously on December 23,
2020 Confirmed at Ba1 (sf)

US$30,000,000 Class E Deferrable Floating Rate Notes due 2032 (the
"Class E Notes"), Upgraded to Ba3 (sf); previously on August 3,
2020 Downgraded to B1 (sf)

RATINGS RATIONALE

The rationale for the ratings is based on Moody's methodology and
considers all relevant risks particularly those associated with the
CLO's portfolio and structure.

The Issuer is a managed cash flow collateralized loan obligation
(CLO). The issued notes are collateralized primarily by a portfolio
of broadly syndicated senior secured corporate loans.

Trinitas Capital Management, LLC (the "Manager") will continue to
direct the selection, acquisition and disposition of the assets on
behalf of the Issuer and may engage in trading activity, including
discretionary trading, during the transaction's remaining
reinvestment period.

The Issuer previously issued one other class of secured notes and
one class of subordinated notes, which will remain outstanding.

In addition to the issuance of the Refinancing Notes, a variety of
other changes to transaction features will occur in connection with
the refinancing. These include: extension of the non-call period,
and the inclusion of alternative benchmark replacement provisions.

Moody's rating action(s) on the Class D Notes and Class E Notes are
primarily a result of the refinancing, which increases excess
spread available as credit enhancement to the rated notes.
Additionally, the Notes benefited from a shortening of the weighted
average life (WAL).

Moody's modeled the transaction using a cash flow model based on
the Binomial Expansion Technique, as described in "Moody's Global
Approach to Rating Collateralized Loan Obligations."

The key model inputs Moody's used in its analysis, such as par,
weighted average rating factor, diversity score and weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers. For modeling
purposes, Moody's used the following base-case assumptions:

Performing par and principal proceeds balance: $591,548,701

Defaulted par: $1,035,599

Diversity Score: 76

Weighted Average Rating Factor (WARF): 2904

Weighted Average Spread (WAS) (before accounting for LIBOR floors):
3.48%

Weighted Average Recovery Rate (WARR): 48.01%

Weighted Average Life (WAL): 5.84 years

In consideration of the current high uncertainties around the
global economy, and the ultimate performance of the CLO portfolio,
Moody's conducted a number of additional sensitivity analyses
representing a range of outcomes that could diverge, both to the
downside and the upside, from Moody's base case. Some of the
additional scenarios that Moody's considered in its analysis of the
transaction include, among others: an additional cashflow analysis
assuming a lower WAS to test the sensitivity to LIBOR floors; and a
lower recovery rate assumption on defaulted assets to reflect
declining loan recovery rate expectations.

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
December 2020.

Factors That Would Lead to an Upgrade or Downgrade of the Ratings:

The performance of the rated notes is subject to uncertainty. The
performance of the rated notes is sensitive to the performance of
the underlying portfolio, which in turn depends on economic and
credit conditions that may change. The Manager's investment
decisions and management of the transaction will also affect the
performance of the rated notes.


TUG INC: Seeks to Employ Hinkle Law Firm as Bankruptcy Counsel
--------------------------------------------------------------
Tug, Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Kansas to hire Hinkle Law Firm, LLC to serve as legal
counsel in its Chapter 11 case.

The firm's services include:

     (a) advising the Debtor of its rights, powers, and duties,
including those with respect to the operation and management or
liquidation of its business and property;

     (b) assisting the Debtor in the negotiation and documentation
of financing agreements, cash collateral orders (if any), and
related transactions;

     (c) investigating into the nature and validity of liens
asserted against the Debtor's property, and advising it concerning
the enforceability of those liens;

     (d) investigating and taking necessary actions to collect
income and assets in accordance with applicable law and recover
property for the benefit of the Debtor's estate;

     (e) preparing legal documents and reviewing financial reports
to be filed in the case;

     (f) advising the Debtor concerning and preparing responses to
pleadings and other documents, which may be filed and served in the
case;

     (g) advising the Debtor in connection with the formulation,
negotiation, and promulgation of a Chapter 11 plan and related
documents; and

     (h) performing other necessary legal services.

The firm's hourly rates are as follows:

     W. Thomas Gilman      $325 per hour
     Nicholas R. Grillot   $275 per hour
     Lora J. Smith         $185 per hour
     Associates            $175 per hour
     Legal Assistants      $125 per hour

The Debtor paid $15,000 to the law firm as a retainer fee.

As disclosed in court filings, Hinkle Law Firm neither holds nor
represents an interest adverse to the Debtor's bankruptcy estate.

The firm can be reached at:

     W. Thomas Gilman, Esq.
     Hinkle Law Firm LLC
     1617 N. Waterfront Pkwy, Suite 400
     Wichita, KS 67206-6639
     Tel.: (316) 267-2000
     Fax: (316) 264-1518/(316) 660-6522
     Email: tgilman@hinklaw.com

                           About Tug Inc.

Tug, Inc., doing business as Proscape, filed a Chapter 11 petition
(Bankr. D. Kan. Case No. 21-10665) on July 15, 2021. At the time of
the filing, the Debtor had $339,621 in total assets and $1,089,820
in total liabilities. Connor Fosse, president, signed the petition.
Judge Dale L. Somers oversees the case.  Hinkle Law Firm, LLC
serves as the Debtor's legal counsel.


URGENT CARE PHYSICIAN: Seeks to Use BofA et al.'s Cash Collateral
-----------------------------------------------------------------
Urgent Care Physicians, Ltd. asked the Bankruptcy Court to
authorize the use of cash collateral to pay, payroll, utilities,
taxes, insurance, and other ordinary ongoing business costs and
expenses, pursuant to the budget.

The three-month budget provided for total expenses, as follows:
  
      $97,835 for the month of July 2021;

     $100,736 for the month of August 2021; and

     $104,797 for the month of September 2021.

The Debtor disclosed that its current total accounts receivable
aged 90 days or less is $183,375, of which the Debtor anticipates
ultimately recovering approximately 61.09%, or $112,030.  

Bank of America, N.A. has a properly perfected first position
security interest in the Debtor's Accounts, including health care
receivables.  The Small Business Administration has a properly
perfected second position security interest in the Debtor's
accounts, including health-care insurance receivables and credit
card receivables.  Both creditors have filed UCC Financing
Statements with the Wisconsin Department of Financial Institutions
(WDFI).

The Debtor proposed the following as adequate protection for the
secured creditors' interest in the cash collateral:

   * The claims of BOA and SBA will continue to be secured by the
Debtor's assets on a post-petition basis, to the same extent and
priority that the claims were secured pre-petition;

   * The Debtor will continue to make payments to both creditors on
the current debt terms, i.e., $4,500 per month to BOA (payments to
the SBA on the EIDL will not commence until May 2022);

  * The Debtor will maintain all existing casualty and professional
liability insurance coverage, naming BOA and SBA as loss payees to
the extent required pursuant to the respective loan documents; and

  * The Debtor will maintain its DIP bank account(s) with BOA.

A copy of the motion is available for free at
https://bit.ly/3wNz9L8 from PacerMonitor.com.

Counsel for the Debtor:

   John W. Menn, Esq.
   Steinhilber Swanson LLP
   107 Church Avenue
   Oshkosh, WI 54901
   Telephone: (920) 235-6690
   Facsimile: (920) 426-5530
   Email: jmenn@steinhilberswanson.com

                   About Urgent Care Physicians

Urgent Care Physicians, Ltd., which operates an urgent care clinic
in Appleton, Wisconsin, sought protection under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wis. Case No.
21-24000) on July 15, 2021.  On the Petition Date, the Debtor
reported $100,000 to $500,000 in assets and $1,000,000 to
$10,000,000 in liabilities.  The petition was signed by Bobby B.
Yun, president.  Judge Beth E. Hanan is assigned to the case.
Steinhilber Swanson LLP serves as the Debtor's counsel.  




UTC LABORATORIES: Seeks to Hire Agent Consulting as Bookkeeper
--------------------------------------------------------------
UTC Laboratories, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Louisiana to employ Agent Consulting as
its bookkeeper.

The firm's services include:

     (a) preparing financial reports, including monthly operating
reports, pursuant to requirements provided by the Office of the
United States Trustee;

     (b) maintaining the Debtor's accounting records; and

     (c) providing such other accounting and financial advisory
services as may be requested by the Debtor.

Agent Consulting will charge $200 per hour for its services and
will seek reimbursement for expenses incurred.

As disclosed in court filings, Agent Consulting is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Rush Agent
     Agent Consulting
     7570 Old Canton Rd Ste 101
     Madison​, MS, 39110-6100
     Phone: (601) 707-5776
     Email: info@agentconsulting.com

                      About UTC Laboratories

UTC Laboratories, LLC, a New Orleans, La.-based company that
operates medical and diagnostic laboratories, filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. La. Case No. 21-10609) on May 3, 2021.  Barry Griffith,
manager, signed the petition.  At the time of the filing, the
Debtor disclosed $10 million to $50 million in assets and $1
million to $10 million in liabilities.  Judge Douglas D. Dodd
oversees the case.  Jones Walker, LLP serves as the Debtor's legal
counsel.


WAGYU 100: Amended Plan of Reorganization Confirmed by Judge
------------------------------------------------------------
Judge Joshua P. Searcy has entered an order confirming the Amended
Plan of Reorganization filed by Wagyu 100, LLC.

The Plan complies with the applicable provisions of Title 11, and
the Debtor, as the plan proponent, has complied with the applicable
provisions of Title 11. The Plan has been proposed in good faith
and not by any means forbidden by law.

All payments made or promised to be made by the Debtor or any other
person for services or for costs and expenses in, or in connection
with, the Plan, and incident to the case, have been disclosed to
the Court and are reasonable or, if to be fixed after Confirmation
of the Plan, will be subject to the approval of the Court.

The Plan does not affect any rate change of any regulatory
commission with jurisdiction over the rights of the Debtor. The
Plan is not likely to be followed by further need for
reorganization.

All Section 1930 fees shall be paid by the Debtor on or before the
Effective Date of the Plan or as agreed to by the Debtor and the
United States Trustee. All creditors will receive at least as much
under the Plan than they would receive in a Chapter 7 liquidation.
The Plan does not affect any retiree benefits.

A copy of the Plan Confirmation Order dated July 19, 2021, is
available at https://bit.ly/3xYfk52 from PacerMonitor.com at no
charge.

Attorneys for Debtor:
   
     Eric A. Liepins, Esq.
     Eric A. Liepins, PC
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Telephone: (972) 991-5591
     Facsimile: (972) 991-5788
     Email: eric@ealpc.com

                        About Wagyu 100

Wagyu 100, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No.
21-60039) on Feb. 1, 2021. Eric A. Liepins, Esq., at Eric A.
Liepins, PC serves as the Debtor's counsel.


WARNER MUSIC: S&P Upgrades ICR to 'BB+' on Streaming Growth
-----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Warner Music
Group Corp. (WMG) to 'BB+' from 'BB'. S&P also raised its
issue-level rating on the senior secured debt to 'BB+' from 'BB';
the recovery rating remains '3'.

S&P said, "The stable outlook reflects our view that WMG's
high-single-digit percentage growth trajectory will continue to
mirror the music industry's growth, resulting from the
proliferation of digital streaming services. Our outlook also
reflects our expectation that the company will operate with
adjusted leverage in the 3x-3.5x area over the next 12 months,
while prioritizing its cash flow toward the acquisition of music
assets.

"Our view of WMG's business has significantly improved over the
past few years because streaming has become its dominant source of
revenue. We expect digital revenue to contribute roughly 65% of
WMG's total revenue in fiscal 2021, most of it from streaming. We
think there's still significant room for expansion in the streaming
services segment, particularly in developing countries where
increasing wealth and mobile phone adoption are key industry growth
drivers. There are also more opportunities for expansion in
developed countries such as Japan, Germany, and France that have
higher rates of physical music sales but are increasingly adopting
digital streaming services. We expect price increases to become
more substantial as markets approach full penetration, which would
present additional opportunity for revenue growth once streaming
services reach full penetration globally. WMG's digital revenue
will continue to increase at a low-double-digit percentage annually
the next few years. Digital streaming growth will more than offset
declines in physical sales and downloads. The revenue mix will
continue to shift toward streaming, improving WMG's overall revenue
visibility, earnings stability, and profitability. We revised our
business risk assessment to satisfactory from fair because of these
improvements in the business model.

"WMG has a track record of prioritizing excess cash toward the
acquisition of music assets. It spent roughly $366 million on
acquisitions of music rights, music catalogs, and other
music-related businesses in the first half of fiscal 2021. We
expect all music labels, including key peers Sony Music
Entertainment and Universal Music Group, to continue pursuing
opportunistic acquisitions, either to improve market share through
catalog expansion, enter additional music-related verticals, and/or
to make strategic geographic expansions. The multiples for music
assets have increased as the competition becomes fiercer. We
anticipate WMG will continue to use most of its DCF for
acquisitions over the next few years and that its annual spending
on the acquisition of music rights will increase as demand
increases. WMG began paying a regular dividend in September 2020,
after an IPO in June. While the company may raise its dividend in
the future, we don't expect it will pursue shareholder-rewarding
activities at the expense of leverage. We believe it is more likely
WMG will use debt to fund further acquisitions. Because of its
track record, we now view majority owner Access Industries Inc. as
a strategic owner, not a financial sponsor. We revised our
financial policy assessment to neutral.

"We expect WMG to reduce leverage below 3.5x at the end of fiscal
2021 while it generates over 10% of DCF to debt annually. Because
we no longer view Access as a financial sponsor, we will begin
netting cash in our leverage calculation. This provides roughly a
half turn of improvement in our forecast relative to previous
expectations. WMG has the capacity to continue deleveraging through
EBITDA growth, but its financial policy will determine the future
of its leverage profile. We expect the company will operate in the
3x-3.5x range over the next few years as it continues to pursue
music assets at high EBITDA multiples and fund these acquisitions
with cash on hand or incremental debt. DCF to debt should increase
1%-2% annually because WMG's profitability will improve as the
percentage of revenue from streaming increases, resulting in
positive operating leverage. However, the company's acquisition
spending could be in excess of DCF generation over the next few
years.

"The stable outlook reflects our view that WMG's high-single-digit
percentage growth trajectory will continue to mirror that of the
music industry on the proliferation of digital streaming services.
Our outlook also reflects our expectation that the company will
operate with adjusted leverage in the 3x-3.5x area over the next 12
months, while prioritizing cash flow toward the acquisition of
music assets."

S&P could lower its issuer credit rating on WMG if it believes
adjusted leverage will increase above the 3.75x area and free
operating cash flow (FOCF) to debt declines below 10% on a
sustained basis. This could occur if:

-- Operating performance deteriorates, leading to
lower-than-expected EBITDA growth, driven by a slowdown or reversal
in growth trends within the music industry or market share losses.

-- WMG materially changes its financial policy to focus on
shareholder returns.

S&P could raise its issuer credit rating if:

-- WMG articulates and commits to a financial policy with respect
to leverage, FOCF trajectory, and shareholder returns consistent
with an investment-grade company.

-- Leverage declines well below the 3x area, with no risk of
releveraging above 3x.



WASHINGTON PRIME: Unsecured Claims Unimpaired Under Plan
--------------------------------------------------------
Judge Marvin Isgur has entered an order conditionally approving the
Disclosure Statement of Washington Prime Group Inc., et al.

These dates are established and approved with respect to the
solicitation of votes to accept or reject the Plan, voting on the
Plan, filing objections to the Plan and Disclosure Statement, and
approving the Disclosure Statement and confirming the Plan:

  * The Plan supplement filing deadline will be on August 3, 2021.

  * The voting deadline will be on August 9, 2021, at 12:00 p.m.,
prevailing Central Time.

  * The objection deadline will be on August 9, 2021, at 12:00
p.m., prevailing Central Time.

  * The deadline to file a voting report will be on August 11,
2021.

  * The Combined Hearing (if Equitization Restructuring) will be on
August 12, 2021, at 9:00 a.m., prevailing Central Time.

  * Combined Hearing (if Toggle Restructuring) will be on August
26, 2021, at 9:00 a.m., prevailing Central Time.

                          Reorganization Plan

Washington Prime Group Inc., et al. submitted a Plan and a
Disclosure Statement.

After extensive hard-fought, arm's-length negotiations, the Debtors
and Consenting Stakeholders entered into a restructuring support
agreement on June 11, 2021 prior to filing voluntary petitions
under chapter 11 of title 11 of the United States Code in the U.S.
Bankruptcy Court for the Southern District of Texas, Houston
Division (the "Bankruptcy Court").  The Consenting Stakeholders are
Holders of at least 74.5% of the aggregate principal amount of the
2018 Credit Facility Claims, Holders of at least 62% of the
aggregate principal amount of the 2015 Credit Facility Claims,
Holders of 100% of the aggregate principal amount of the Weberstown
Term Loan Facility Claims, and Holders of at least 66.67% of the
aggregate principal amount of the Unsecured Notes Claims.

The Restructuring Support Agreement provides for two paths toward a
consensual resolution of these chapter 11 cases, each of which is
encompassed in the Plan. The first path is the Equitization
Restructuring, which is a comprehensive restructuring pursuant to
which the equity of Reorganized WPG will be issued to existing
shareholders, Unsecured Noteholders (on account of their Claims),
and Unsecured Noteholders, and Backstop Parties that participate in
an Equity Rights Offering. The Equitization Restructuring is
anchored by the Plan Sponsor's commitment to equitize its Unsecured
Notes Claims and backstop a $325 million rights offering, and the
agreement of both the Plan Sponsor and Ad Hoc Lender Group to
accept takeback paper in satisfaction of the bulk of the credit
facilities claims.

In addition, a key component of the Restructuring Support Agreement
and Plan is a "toggle" feature, allowing the Debtors to seek an
alternative value-maximizing transaction that would repay, in full
in Cash, all of the Company's corporate-level debt. Specifically,
the Debtors will use the 60 days following the Petition Date to
solicit proposals for such an alternative transaction, continuing
the comprehensive marketing process that began prepetition. If such
a proposal is received, and it provides a distribution to the
Debtors' Existing Equity Interests in excess of what is provided
for under the Equitization Restructuring, the Debtors are able to
toggle to, and then effectuate, the Toggle Restructuring.

The Debtors will have access to a $100 million delayed-draw term
loan debtor-in-possession financing facility (the "DIP Facility")
to support these Chapter 11 Cases. Specifically, the DIP Facility
will be used to administer these cases, operate the Debtors'
business in the ordinary course, and facilitate the marketing
process for an Acceptable Alternative Restructuring Proposal. The
Debtors, with the assistance of their advisors, received numerous
proposals for debtor-in-possession financing from potential
third-party lenders and existing stakeholders during an extensive
prepetition marketing process. After multiple rounds of negotiation
with potential DIP lenders on the terms of their proposals, the
Debtors determined that under the facts and circumstances of these
Chapter 11 Cases, the terms embodied in the DIP Facility represent
the best terms available to the Debtors. The Consenting Lenders
under the Restructuring Support Agreement (the "DIP Lenders") are
providing the DIP Facility.

Under the Plan, Class 7 General Unsecured Claims total $13.0
million.  Each holder of an Allowed General Unsecured Claim shall
receive, at the option of the applicable Debtor: (i) payment in
full in Cash; (ii) Reinstatement; (iii) if the Equitization
Restructuring occurs, such other treatment reasonably acceptable to
the Plan Sponsor rendering such General Unsecured Claim Unimpaired
in accordance with section 1124 of the Bankruptcy Code; or (iv) if
the Toggle Restructuring occurs, such other treatment rendering
such General Unsecured Claim Unimpaired in accordance with section
1124 of the Bankruptcy Code. Creditors will recover 100% of their
claims.

The Debtors shall fund distributions under the Plan pursuant to the
Equitization Restructuring, as applicable, with (1) the issuance of
the New Common Equity; (2) the proceeds of the Equity Rights
Offering; (3) the issuance of or borrowings under the New Term Loan
Exit Facility and the New Revolving Exit Facility; and (4) Cash on
hand.

Proposed Co-Counsel to the Debtors:

     Matthew D. Cavenaugh
     Kristhy M. Peguero
     Genevieve Graham
     JACKSON WALKER LLP
     1401 McKinney Street, Suite 1900
     Houston, Texas 77010
     Telephone: (713) 752-4200
     Facsimile: (713) 752-4221
     Email: mcavenaugh@jw.com
            kpeguero@jw.com
            ggraham@jw.com

Proposed Co-Counsel to the Debtors:

     Joshua A. Sussberg, P.C.
     Alexander J. Nicas
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     601 Lexington Avenue
     New York, New York 10022
     Telephone: (212) 446-4800
     Facsimile: (212) 446-4900
     Email: joshua.sussberg@kirkland.com
            alexander.nicas@kirkland.com

             - and -

     Chad J. Husnick, P.C.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     300 North LaSalle Street
     Chicago, Illinois 60654
     Telephone: (312) 862-2000
     Facsimile: (312) 862-2200
     Email: chad.husnick@kirkland.com

A copy of the Order dated July 12, 2021, is available at
https://bit.ly/2UKJhqu from Primeclerk, the claims agent.

A copy of the Disclosure Statement dated July 12, 2021, is
available at https://bit.ly/3hEBBiy from Primeclerk, the claims
agent.

                  About Washington Prime Group

Washington Prime Group Inc. (NYSE: WPG) --
http://www.washingtonprime.com/-- is a retail REIT and a
recognized leader in the ownership, management, acquisition and
development of retail properties. It combines a national real
estate portfolio with its expertise across the entire shopping
center sector to increase cash flow through rigorous management of
assets and provide new opportunities to retailers looking for
growth throughout the U.S.

Washington Prime Group and its affiliates sought Chapter 11
protection (Bankr. S.D. Texas Lead Case No. 21-31948) on June 13,
2021. At the time of the filing, Washington Prime Group's property
portfolio consists of material interests in 102 shopping centers in
the United States totaling approximately 52 million square feet of
gross leasable area. The company operates 97 of the 102
properties.

As of March 31, 2021, Washington Prime Group had total assets of
$4.029 billion against total liabilities of $3.471 billion.

The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis
International, LLP as lead bankruptcy counsel; Jackson Walker, LLP
as co-counsel; Alvarez & Marsal North America, LLC as restructuring
advisor; Guggenheim Securities, LLC as investment banker; Deloitte
Tax, LLP as tax services provider; and Ernst & Young, LLP as
auditor.  Prime Clerk LLC is the claims agent, maintaining the page
http://cases.primeclerk.com/washingtonprime    

SVPGlobal, the Debtors' lender, tapped Davis Polk & Wardwell, LLP
and Evercore Group, LLC as its legal counsel and investment banker,
respectively.

The U.S. Trustee for Region 6 appointed an official committee of
unsecured creditors in the Debtors' cases on June 25, 2021.  The
committee is represented by Greenberg Traurig, LLP.


WC HIRSHFELD: Seeks to Hire Friedman & Feiger as Special Counsel
----------------------------------------------------------------
WC Hirshfeld Moore, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Western District of Texas to employ
Friedman & Feiger, L.L.P. as its special litigation counsel.

The firm will represent the Debtors in connection with the wrongful
foreclosure and related actions against ATX Debt Fund 2, LLC.

Friedman & Feiger's attorneys will be paid at hourly rates ranging
from $250 to $850.  The firm received a retainer of $50,000.

Jason Friedman, Esq., a partner at Friedman & Feiger, 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.

The firm can be reached through:

     Jason H. Friedman, Esq.
     Friedman & Feiger, L.L.P.
     5301 Spring Valley Rd
     Dallas, TX 75254
     Phone: +1 972-788-1400
     Email: info@fflawoffice.com

                     About WC Hirshfeld Moore

WC Hirshfeld Moore, LLC and its affiliates filed Chapter 11
petitions (Bankr. W.D. Texas Lead Case No. 20-10251) on Feb. 3,
2020.  The affiliates are (i) WC 103 East Fifth, LLC, (ii) WC 320
Congress, LLC, (iii) WC 422 Congress, LLC, (iv) WC 805-809 East
Sixth, LLC, (v) WC 901 East Cesar Chavez, LLC, (vi) WC 1212 East
Sixth, LLC and (vii) WC 9005 Mountain Ridge, LLC.  Judge Tony M.
Davis oversees the cases.

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

The Debtors tapped Ciardi, Ciardi & Astin and Loewinsohn Flegle
Deary Simon, LLP as bankruptcy counsel, and Friedman & Feiger,
L.L.P. as special litigation counsel.  Lain, Faulkner & Co., P.C.
is the Debtor's accountant.  


WENTZVILLE PARKWAY: S&P Affirms 'BB+' Rating on 2019A Rev. Bonds
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' long-term rating on the
Industrial Development Authority of St. Charles County, Mo.'s
series 2019A taxable sales tax revenue bonds, issued for the
Wentzville Parkway Regional Community Improvement District (CID),
and removed the rating from CreditWatch with negative implications,
where it had been placed on April 30, 2021. The outlook is stable.

"The CreditWatch removal reflects our view that we have received
sufficient and timely information that we believe is necessary to
maintain the rating," said S&P Global Ratings credit analyst Joshua
Travis.

The bonds are primarily secured by 40% of the district's sales tax
revenue generated in the Regional CID area 1. On Sept. 10, 2019,
the qualified voters within the district approved the imposition of
the Regional CID Sales Tax at a rate of 1% on all retail sales made
in the district that are subject to taxation under Missouri law.
The tax is authorized to be imposed from Jan. 1, 2020, through June
12, 2074. S&P said, "While bondholders have a subordinate claim on
other revenue collected within the district, we have not considered
these sources in our analysis, as there is currently no revenue
being generated outside CID area 1. We rate the bonds under our
priority-lien tax revenue debt criteria, which factors in both the
strength and stability of the pledged revenue as well as the
general credit quality of the linked obligor that distributes and
collects the tax (the obligor's creditworthiness)."

Despite the onset of the pandemic shortly after the imposition and
collection of the Regional CID Sales Tax, taxable sales within the
Wentzville Parkway area have remained steady and in line with
historical and forecasted data. Retailers within the district have
largely remained stable, with more openings than closures
throughout 2020. While the district is home to more than 100
businesses and is the city's largest shopping area, featuring a
regional draw, approximately 73% of taxable sales within the
district come from 10 retailers, which anchor the development. S&P
said, "With our view that pent-up demand will support a forecasted
increase in year-over-year real consumer spending, we believe that
pledged revenues will support coverage levels that, although we
consider them weak to very weak, should provide at least sufficient
coverage. While historical collections have exhibited low
volatility, we believe that the concentration and limited
geographical collection area expose pledged revenue to high
volatility and continue to constrain the rating."

S&P said, "Should collections decline and be sustained at weaker
levels, we could consider a lower rating. Particularly, given the
geographical and tax remitter concentration, in case of any
closures in primary retailers within the district that led to a
decline in pledged revenue, we would also likely lower the rating.

"Conversely, if retailer concentration diminishes materially, we
could consider a higher rating."



ZARAPHATH ACADEMY: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Zaraphath Academy Inc.
        1028 E. 10th St.
        Jacksonville, FL 32206

Chapter 11 Petition Date: July 21, 2021

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 21-01792

Debtor's Counsel: Eric McKay, Esq.
                  THE LAW OFFICES OF ERIC N. MCKAY
                  3948 3rd St S Ste 297
                  Jacksonville Beach, FL 32250
                  Tel: (904) 651-8256

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jerry Brent, 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/SRIJBCI/Zaraphath_Academy_Inc_and_Apostolic__flmbke-21-01792__0001.0.pdf?mcid=tGE4TAMA


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Barina Group LLC
   Bankr. E.D.N.Y. Case No. 21-71292
      Chapter 11 Petition filed July 13, 2021
         See
https://www.pacermonitor.com/view/VDYCN6Q/Barina_Group_LLC__nyebke-21-71292__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re CA Financial Solutions
   Bankr. C.D. Cal. Case No. 21-15700
      Chapter 11 Petition filed July 14, 2021
         See
https://www.pacermonitor.com/view/O5TCS3Y/CA_Financial_Solutions__cacbke-21-15700__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Irina Musheyev
   Bankr. E.D.N.Y. Case No. 21-41811
      Chapter 11 Petition filed July 14, 2021
         represented by: Alla Kachan, Esq.

In re Laurence Alen Freidin
   Bankr. C.D. Cal. Case No. 21-15685
      Chapter 11 Petition filed July 14, 2021
         represented by: Susan Seflin, Esq.

In re Corps Physique Inc.
   Bankr. S.D.N.Y. Case No. 21-22409
      Chapter 11 Petition filed July 14, 2021
         See
https://www.pacermonitor.com/view/FERYTWA/CORPS_PHYSIQUE_INC__nysbke-21-22409__0001.0.pdf?mcid=tGE4TAMA
         represented by: Lawrence F. Morrison, Esq.
                         MORRISON TENENBAUM, PLLC
                         E-mail: info@m-t-law.com

In re Pilates Center of New York Inc.
   Bankr. S.D.N.Y. Case No. 21-22408
      Chapter 11 Petition filed July 14, 2021
         See
https://www.pacermonitor.com/view/E5ZIPYA/PILATES_CENTER_OF_NEW_YORK_INC__nysbke-21-22408__0001.0.pdf?mcid=tGE4TAMA
         represented by: Lawrence F. Morrison, Esq.
                         MORRISON TENANBAUM, PLLC
                         E-mail: info@m-t-law.com

In re Jason Daniel Osborne
   Bankr. E.D. Va. Case No. 21-71429
      Chapter 11 Petition filed July 14, 2021
         represented by: Christy Louis, Esq.

In re Dan Andrew Nilson and Donna Mae Nilson
   Bankr. D. Ariz. Case No. 21-05468
      Chapter 11 Petition filed July 15, 2021
         represented by: Thomas Allen, Esq.
                         ALLEN BARNES & JONES, PLC

In re Project Mate Inc.
   Bankr. N.D. Cal. Case No. 21-40930
      Chapter 11 Petition filed July 15, 2021
         See
https://www.pacermonitor.com/view/FKL2FPA/Project_Mate_Inc__canbke-21-40930__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Christopher L. Shanks
   Bankr. C.D. Ill. Case No. 21-70526
      Chapter 11 Petition filed July 15, 2021
             represented by: Sumner A. Bourne, Esq.

In re Adiele LLC
   Bankr. D. Mass. Case No. 21-11028
      Chapter 11 Petition filed July 15, 2021
         See
https://www.pacermonitor.com/view/H54NK6I/Adiele_LLC__mabke-21-11028__0001.0.pdf?mcid=tGE4TAMA
         represented by: Patrick Culhane, Esq.
                         LAW OFFICE OF PATRICK M. CULHANE
                         E-mail: pculhanelaw@gmail.com

In re Felix Atlasman
   Bankr. D.N.J. Case No. 21-15743
      Chapter 11 Petition filed July 15, 2021
         represented by: Steven Abelson, Esq.

In re Advanced Plastix, Inc.
   Bankr. E.D. Pa. Case No. 21-11967
      Chapter 11 Petition filed July 15, 2021
         See
https://www.pacermonitor.com/view/VJCFTZI/Advanced_Plastix_Inc__paebke-21-11967__0001.0.pdf?mcid=tGE4TAMA
         represented by: Jon M. Adelstein, Esq.
                         ADELSTEIN & KALINER, LLC
                         E-mail: jadelstein@adelsteinkaliner.com

In re Timothy Lee Wilkinson and Christine Marie Wilkinson
   Bankr. M.D. Pa. Case No. 21-01586
      Chapter 11 Petition filed July 15, 2021
         represented by: Kara Gendron, Esq.

In re FRS Group, Inc.
   Bankr. W.D. Wash. Case No. 21-11367
      Chapter 11 Petition filed July 15, 2021
         See
https://www.pacermonitor.com/view/5S5KX4I/FRS_Group_Inc__wawbke-21-11367__0001.0.pdf?mcid=tGE4TAMA
         represented by: Thomas D. Neeleman, Esq.
                         NEELEMAN LAW GROUP, P.C.
                         E-mail: courtmail@expresslaw.com

In re John A. Pastore
   Bankr. D. Colo. Case No. 21-13707
      Chapter 11 Petition filed July 16, 2021
         represented by: Aaron Garber, Esq.
                         WADSWORTH GARBER WARNER CONRARDY, P.C.
                         E-mail: aconrardy@wgwc-law.com

In re Craft Logistics, Inc.
   Bankr. N.D. Tex. Case No. 21-31304
      Chapter 11 Petition filed July 16, 2021
         See
https://www.pacermonitor.com/view/NSWRQJY/Craft_Logistics_Inc__txnbke-21-31304__0001.0.pdf?mcid=tGE4TAMA
         represented by: Robert Chamless Lane, Esq.
                         THE LANE LAW FIRM
                         E-mail: notifications@lanelaw.com

In re Richard Alan Pierce
   Bankr. N.D. Cal. Case No. 21-50957
      Chapter 11 Petition filed July 17, 2021
         represented by: Arasto Farsad, Esq.

In re Brian M. Pierce and Stephanie D Pierce
   Bankr. N.D. Ala. Case No. 21-81252
      Chapter 11 Petition filed July 19, 2021
         represented by: Stuart Maples, Esq.
                         MAPLES LAW FIRM, PC

In re Jose Guillermo Ontiveros, Jr.
   Bankr. C.D. Cal. Case No. 21-15809
      Chapter 11 Petition filed July 19, 2021
         represented by: Onyinye Anyama, Esq.

In re 18 Brennan Broke Me, LLC
   Bankr. W.D.N.C. Case No. 21-10142
      Chapter 11 Petition filed July 19, 2021
         See
https://www.pacermonitor.com/view/EJFFAHY/18_Brennan_Broke_Me_LLC__ncwbke-21-10142__0001.0.pdf?mcid=tGE4TAMA
         represented by: Samantha K. Brumbaugh, Esq.
                         IVEY, MCCLELLAN, SIEGMUND, BRUMBAUGH &
                         MCDONOUGH, LLP

In re David A Salle
   Bankr. W.D.N.C. Case No. 21-10143
      Chapter 11 Petition filed July 19, 2021

In re Linda S Mariano
   Bankr. S.D. Fla. Case No. 21-17046
      Chapter 11 Petition filed July 20, 2021
         represented by: Bart Houston, Esq.

In re Hacienda del Rio, Inc. a New Mexico Corporation
   Bankr. D.N.M. Case No. 21-10876
      Chapter 11 Petition filed July 20, 2021
         See
https://www.pacermonitor.com/view/T2C7U3Y/Hacienda_del_Rio_Inc_a_New_Mexico__nmbke-21-10876__0001.0.pdf?mcid=tGE4TAMA
         represented by: James Clay Hume, Esq.
                         HUME LAW FIRM
                         E-mail: james@hume.lawfirm.com

In re Tuy Q. Nguyen
   Bankr. E.D. Va. Case No. 21-50602
      Chapter 11 Petition filed July 20, 2021
         represented by: Robert Roussos, Esq.
                         ROUSSOS & BARNHART PLC
                         E-mail: roussos@rgblawfirm.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

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Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Copyright 2021.  All rights reserved.  ISSN: 1520-9474.

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