/raid1/www/Hosts/bankrupt/TCR_Public/210903.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, September 3, 2021, Vol. 25, No. 245

                            Headlines

2127 FLATBUSH: Wells Fargo Says Reorganizing Plan Not Feasible
3052 BRIGHTON FIRST: Says Tenant Action to Decrease Property Value
4218 PARTNERS: Lender Says Sale Plan Has $10K for Unsecureds
5X5 CAPITAL: Second Amended Reorganizing Plan Confirmed by Judge
AARNA HOTELS: October 12 Disclosure Statement Hearing Set

AARNA HOTELS: Unsecureds to Recover up to 100% of Allowed Claims
ABILITY INC: Posts $5M Net Loss for Half Year Ended June 30
ABRI HEALTH: Court Approves Settlement With LTC
AFFORDABLE CONCRETE: Case Summary & 20 Largest Unsecured Creditors
AIWA CORPORATION: Brand Scheduled for Auction on October 4, 2021

ALAMO DRAFTHOUSE: 3 Valley Locations Rebrand to Majestic Theaters
ALCO CONSTRUCTION: Seeks to Hire Villa & White as Legal Counsel
AMERICAN RESOURCE: Trustee Taps C. Steven Baker as Consultant
AMMA421 LLC: Seeks to Hire Morrison Cohen as Litigation Counsel
ANNIE'S HOLDINGS: Court Confirms Amended Plan

ANNIE'S HOLDINGS: Wins Final OK on Disclosure Statement
BAYTOWN MUNICIPAL: S&P Assigns Final 'BB' Rating on 2021B Bonds
BESTHOST INN: Case Summary & 20 Largest Unsecured Creditors
BODYTEK FITNESS: Seeks to Hire Susan D. Lasky as Legal Counsel
BRIGHT MOUNTAIN: Withum Replaces EisnerAmper as Accountant

BW HOMECARE: S&P Affirms 'CCC' ICR, Outlook Negative
CDT DE SAN SEBASTIAN: Seeks to Tap WVS Law as Substitute Counsel
CLASSIC ACQUISITIONS: Case Summary & 20 Top Unsecured Creditors
CLEARPOINT CHEMICALS: Responds to Committee Plan Objection
CLEARPOINT CHEMICALS: Says Plan Largely Consensual

CORSAIR-USA-NJ LLC: Taps Andrew Teitelman as Special Counsel
COSTA HOLLYWOOD: Liquidating Trustee Taps Litigation Counsel
CRYSTAL FOUNTAIN: Wins Interim OK on Disclosure Statement
CUENTAS INC: Jeffery Johnson Named as CEO
CURARE LABORATORY: Taps Kaplan Johnson Abate & Bird as Counsel

CYTOCOM INC: Changes Name to "Statera Biopharma, Inc."
CYXTERA DC HOLDINGS: S&P Upgrades ICR to 'B-', Outlook Stable
DENDON INC: Gets OK to Hire M. Denise Dotson as Legal Counsel
DOLPHIN ENTERTAINMENT: EJF Debt Opportunities Reports 5.1% Stake
DOWNSTREAM DEVELOPMENT: Moody's Hikes CFR to Caa1, Outlook Stable

EAGLE HOSPITALITY: Woodbridge Hotel Sold by Receiver for $23.5M
ENDEAVOR ENERGY: S&P Upgrades ICR to 'BB' on Increasing Scale
ENERMEX INTERNATIONAL: Seeks to Hire Hrbacek as Special Counsel
FIELDWOOD ENERGY: Files Supplements, Sells Assets to QuarterNorth
GAP INC: S&P Raises ICR to 'BB' on Improving Operating Momentum

GAUCHO GROUP: Incurs $1.3 Million Net Loss in Second Quarter
GAUCHO GROUP: Six Proposals Approved at Annual Meeting
GEX MANAGEMENT: CEO Issues Shareholder Letter
GLOBAL FOODS: Subchapter V Plan Confirmed by Judge
GREEN COUNTRY ENERGY: S&P Cuts $319MM Sec. Notes Rating to 'CCC-'

GREENSILL CAPITAL: To Pursue Over $65M in Retained Causes of Action
HEATH V. FULKERSON: Seeks to Tap Gabriel Liberman as Legal Counsel
HOLLEY PURCHASER: Moody's Hikes CFR to B2 & Alters Outlook to Pos.
HWY 24 LUMBER: Resolves NG Solutions' Disputes; Plan Confirmed
INDIGO NATURAL: S&P Upgrades ICR to 'BB', Outlook Positive

INTELSAT SA: Convertible Noteholders Say Plan Still Unconfirmable
INTELSAT SA: Lenders Extend $1.5BB Replacement DIP Loan
INTELSAT SA: SES Americom Says Amended Disclosures Deficient
INTELSAT SA: United States Trustee Says Amended Plan Ineffective
INTERPACE BIOSCIENCES: Extends Notes Maturity to Sept. 30

JDUB'S BREWING: Seeks to Hire Mitaro Consulting as Sales Agent
JEWISH HISTORY MUSEUM: New Plan Okayed, To Continue Operations
JTS TRUCKING: September 23 Plan Confirmation Hearing Set
JTS TRUCKING: Unsecureds for $159K to Share of Residual Proceeds
LONG VALLEY: Case Summary & Unsecured Creditor

MAIN STREET INVESTMENTS II: US Trustee Says Disclosures Inadequate
MARINETEK NORTH: Seeks to Hire McAtee & Associates as Accountant
MASTER TECH: Case Summary & 13 Unsecured Creditors
MATADOR RESOURCES: Moody's Ups CFR to B1 & Unsecured Notes to B2
MESOBLAST LIMITED: Reports US$98.8M Net Loss for FY Ended June 30

MUKEUNJI II: Seeks to Hire Morrison Tenenbaum as Legal Counsel
MY2011 GRAND: Mezz Lender's Claim to be Paid in Full
NATIONAL FINANCIAL: Taps Philip von Kahle as Liquidating Trustee
NET ELEMENT: Stockholders Approve Merger
NEW FORTRESS ENERGY: S&P Rates Senior Secured Notes 'B+'

NORDSTROM INC: Moody's Assigns Ba1 CFR & Alters Outlook to Stable
OMNIQ CORP: Begins Trading on NASDAQ
ORIGINAL RIVERFRONT: Unsecureds Will Get 3.07% of Claims in Plan
OXFORD FINANCE: S&P Affirms 'BB-' ICR, Outlook Stable
PARALLAX HEALTH: Settles Suit With SEC Over 'Misleading Statements'

PRESBYTERIAN VILLAGES: Fitch Assigns 'BB' IDR, Outlook Stable
PURDUE PHARMA: Bankruptcy Court OKs Sacklers-Backed Plan
PURDUE PHARMA: Connecticut AG to Appeal Plan Approval
PURDUE PHARMA: Ryan Hampton Out as Committee Member
REAL WATER: Files Chapter 7 Bankruptcy Protection

REGIONAL HOUSING: Taps GGG as Interim Management Services Provider
RESULTS FITNESS: Case Summary & 9 Unsecured Creditors
ROCHELLE HOLDINGS: Disclosure Statement Wins Conditional OK
ROCKWORX INC: Gets OK to Hire Kutner Brinen as Local Counsel
RONNY'S A-LA-CARTE: Claims Will be Paid From Continued Operations

SAN DIEGO TACO: Case Summary & 19 Unsecured Creditors
SANTA MARIA BREWING: Oct. 19 Plan Confirmation Hearing Set
SEQUENTIAL BRANDS: Jessica Simpson Wants to Buy Back Brand
SHARITY MINISTRIES: David Parmer Appointed to Members' Committee
SITO MOBILE: US Trustee Opposes Impermissible Injunction Provision

SK HOLDCO: S&P Downgrades ICR to 'CCC' on Rising Liquidity Risk
SOTO'S AUTO: Taps Accounting & Business Partners as Accountant
SOUTHWESTERN ENERGY: S&P Ups ICR to 'BB' on Close of Acquisition
SPENGLER PLUMBING: Unsecured Creditors to Get $100K over 5 Years
SRI VARI: October 12 Disclosure Statement Hearing Set

TALEN ENERGY: Moody's Cuts CFR to B3 & Sr. Unsecured Debt to Caa1
TENET HEALTHCARE: Moody's Affirms B2 CFR & Alters Outlook to Pos.
TREASURES AND GEMS: Court Denies Motion to Use Cash Collateral
U-HAUL CO: Plan Confirmation Hearing Slated for Oct. 20
VARSITY BRANDS: Moody's Affirms B3 CFR & Alters Outlook to Stable

VERDANT HOLDINGS: Case Summary & 18 Unsecured Creditors
VIVA TEXAS: Seeks to Tap Fiske Hanley, III as Real Estate Agent
WESTMINSTER PRESBYTERIAN: Fitch Affirms 'BB' IDR, Outlook Negative
YOUNGBLOOD SKIN: Seeks to Hire Hahn & Hahn as Bankruptcy Counsel
[*] Healthcare Bankruptcy Filings Declined in the 2nd Qtr. of 2021

[*] U.S. Oil Industry Bankruptcies Fuel Environmental Crisis
[^] BOOK REVIEW: BOARD GAMES - Changing Shape of Corporate Power

                            *********

2127 FLATBUSH: Wells Fargo Says Reorganizing Plan Not Feasible
--------------------------------------------------------------
Wells Fargo Bank, N.A. ("WFB") objects to the Disclosure Statement
and Plan of Reorganization of Debtor 2127 Flatbush Ave Inc.

Wells Fargo claims that the Debtor's disclosure statement is
speculative and fails to demonstrate how the Debtor will fund the
plan as proposed.

Wells Fargo points out that the Debtor's Disclosure Statement fails
to show any actual proof of the three sources of income. The Debtor
affixes to the Disclosure Statement as exhibits self-serving
statements to serve as proof of income. WFB should not rely on
hearsay to make a determination about the Plan.

Wells Fargo states that throughout the case the Debtor has
presented conflicting information with respect to rents received
and what tenants occupy the Premises. Rather than provide
information for WFB to make an informed judgment about the plan it
raises more questions and confusion with respect to rents and
income received by the Debtor.

Wells Fargo cites that the Debtor's Disclosure Statement states
that it will fund the Plan from sale proceeds from another parcel
of real property owned by the Borrower currently in contract for a
purchase price of $1.4 million. The Debtor does not provide any
proof or evidence of the forthcoming sale.

Wells Fargo asserts that the Debtor's Disclosure Statement fails to
show how the Debtor will adequately fund the Plan therefore the
Plan is not feasible. Furthermore, Debtor's proposed treatment of
WFB's claim is impermissible.

Wells Fargo further asserts that the Debtor places WFB in class 2
of the Plan. Debtor's Plan proposes to reqrite the terms of WFB's
Note and Mortgage. Notwithstanding the lack of privity between the
Debtor and WFB, WFB could not agree to a re-write of its loan for
repayment with a Debtor that does not have the income to make the
monthly payments.

Wells Fargo says that the Debtor's Plan is silent as to WFB's
impaired status. WFB is impaired and will not vote in favor of the
Plan as currently proposed.

A full-text copy of Wells Fargo's objection dated August 30, 2021,
is available at https://bit.ly/3tbstG9 from PacerMonitor.com at no
charge.

Attorneys for Wells Fargo:

     FRENKEL, LAMBERT, WEISS, WEISMAN & GORDON, LLC
     Elizabeth L. Doyaga, Esq.
     53 Gibson Street
     Bay Shore, New York 11706
     (631)969-3100; File No: 01-048964-B00

                About 2127 Flatbush Ave Inc.

2127 Flatbush Ave Inc., based in Brooklyn, New York, is a Single
Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). The
Company owns a property located at 2127 Flatbush Avenue, Brooklyn,
NY, valued by the Company at $374,000.

2127 Flatbush Ave Inc. filed for Chapter 11 bankruptcy (Bankr.
E.D.N.Y. Case No. 19-45430) on September 11, 2019, listing total
assets of $374,000 and total liabilities of $1,107,658.  The
petition was signed by Gene Burshtein, shareholder.

Law Office of Mark Bernstein is the Debtor's legal counsel.


3052 BRIGHTON FIRST: Says Tenant Action to Decrease Property Value
------------------------------------------------------------------
3052 Brighton First, LLC opposed the approval of the Modified Third
Amended Disclosure Statement and confirmation of the Modified Third
Amended Chapter 11 Plan filed by Creditor 3052 Brighton 1st Street
II LLC.  The Debtor complained that the Disclosure Statement, as
modified, does not contain adequate information within the meaning
of Section 1125(a)(1) of the Bankruptcy Code.

Bruce Weiner, Esq. at Rosenberg, Musso & Weiner, LLP, counsel for
the Debtor recounted that pursuant to the Modified Third Amended
Disclosure Statement, there is a legal issue as to whether the
Debtor's Property located at 3052 Brighton First Street, Brooklyn,
New York could be sold free and clear of the claims of former
tenants, and that the Secured Creditor may ask the Bankruptcy Court
to resolve the issues concerning Section 365(f) of the Bankruptcy
Code as to those tenants.  Any disclosure statement should state
that the Bankruptcy Court may not permit this and what that means
to the Plan and to the sale of the Property, he contended.  Tenants
at the Property have filed a class action in state court (the State
Court Tenant Litigation) against the Debtor.

Mr. Weiner added that because any potential buyer will take title
subject to the claims of the tenants, the disclosure statement
should discuss the impact of the State Court Tenant Action on the
sale of the Property so that creditors and the Court can decide
whether it makes sense to sell the Property.  The Debtor believes
that the State Court Tenant Litigation will depress the price of
the Property.  

The State Court Tenant Action will have a great impact on the value
of the Property, the counsel said.

A copy of the objection is available for free at
https://bit.ly/2V2KVnU from PacerMonitor.com.

Counsel for the Debtor:

   Bruce Weiner, Esq.
   Rosenberg, Musso & Weiner, LLP
   26 Court Street, Suite 2211
   Brooklyn, NY 11242
   Telephone: (718) 855-6840

                   About 3052 Brighton First LLC

3052 Brighton First, LLC, a New York-based company, filed a Chapter
11 petition (Bankr. E.D.N.Y. Case No. 20-40794) on Feb. 6, 2020,
listing as much as $50,000 in both assets and liabilities.  Judge
Nancy Hershey Lord oversees the case.  Bruce Weiner, Esq., and
Altagracia Beatrice Pierre-Outerbridge, Esq., at Outerbridge Law
P.C. serve as the Debtor's bankruptcy counsel and special counsel,
respectively.


4218 PARTNERS: Lender Says Sale Plan Has $10K for Unsecureds
------------------------------------------------------------
Maguire Ft. Hamilton LLC, a secured creditor of 4218 Partners LLC
and Plan proponent, on August 27, 2021, filed with the U.S.
Bankruptcy Court for the Eastern District of New York, a Third
Amended Chapter 11 Plan and a Second Amended Disclosure Statement
for the Debtor.

The Plan Proponent seeks to confirm the Lender's Plan in order to
sell the 4218 Property at an Auction.  The Plan Proponent said that
it may not receive any Qualified Bids for the 4218 Property other
than the Plan Proponent's own Credit Bid.  

The Plan Proponent said it has provided a carve-out of up to
$10,000 for Unsecured Creditors so that Unsecured Creditors will
receive a distribution even if the Sale of the 4218 Property does
not generate enough money to pay all Secured Creditors in full.  

Each holder of an Allowed General Unsecured Claim shall receive
cash -- to the extent the Sale Proceeds exceed the value of
Maguire's Secured Claim -- equal to the greater of: (a) the amount
of such Allowed General Unsecured Claim; or (b) (1) a pro rata
share of the remaining Sale Proceeds after payment of the Maguire's
Secured Claim, and (2) a pro rata share of the General Unsecured
Claim Carve-Out.  All Interests in the Debtor shall be cancelled as
of the Effective Date.  

The Plan Proponent believes that if the Lender's Plan is not
approved, the Debtor's Chapter 11 Case will most likely be
converted to a liquidation case under Chapter 7 of the Bankruptcy
Code.

A copy of the Second Amended Disclosure Statement is available for
free at https://bit.ly/3t6U4bQ from PacerMonitor.com.

Counsel for Maguire Ft. Hamilton LLC, Plan Proponent for 4218
Partners LLC:

   Leslie A. Berkoff, Esq.
   Moritt Hock & Hamroff LLP
   400 Garden City Plaza
   Garden City, NY 11530
   Telephone: (516) 873-2000

                        About 4218 Partners

4218 Partners LLC owns the property located at 4218 Fort Hamilton
Parkway, Brooklyn, New York, as well as, all rights attendant to
such property.

4218 Partners LLC, and 175 Pulaski RLM LLC, based in Brooklyn,
N.Y., sought Chapter 11 protection (Bankr. E.D.N.Y. Lead Case No.
19-44444) on July 21, 2019.  In the petitions signed by Joseph
Fischman, manager, 4218 Partners estimated assets of $10 million to
$50 million and liabilities of $1 million to $10 million; and 175
Pulaski estimated assets and liabilities of $1 million to $10
million.  The cases are assigned to the Hon. Nancy Hershey Lord.
Nutovic & Associates is the Debtors' attorney.

On May 21, 2021, Lender Maguire Ft. Hamilton filed an Amended
Chapter 11 Plan of Reorganization for Debtor 4218 Partners, which
Plan provides for the sale, free and clear of liens, claim, and
encumbrances of the Debtor's 4218 Property.  MORITT HOCK & HAMROFF
LLP represents Maguire.


5X5 CAPITAL: Second Amended Reorganizing Plan Confirmed by Judge
----------------------------------------------------------------
Judge Michael E. Romero has entered an order confirming the Second
Amended Plan of Reorganization for Small Business Under Chapter 11,
Subchapter V of 5X5 Capital, LLC.

The standards for confirmation of the Second Amended Plan have been
met under Sections §§ 1129(a) and 1191(a).

Pursuant to Section 1183(c)(2), not later than 14 days after the
Second Amended Plan is substantially consummated as defined in
Section 1101(2)(A), (B), and (C), the Debtor shall file with the
Court and serve on the Subchapter V Trustee, the United States
Trustee and all parties in interest, notice of such substantial
consummation.

A full-text copy of the Plan Confirmation Order dated August 30,
2021, is available at https://bit.ly/3zIoLGO from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     David M. Serafin, Esq.
     Law Office of David M. Serafin
     501 S. Cherry St., #1100
     Denver, CO 80246
     Tel: (303) 862-9124
     Email: david@davidserafinlaw.com

                        About 5X5 Capital

5X5 Capital, LLC owns and operates a franchise of Garlic Jim's
Famous Gourmet Pizza located at 3982 Red Cedar Drive, Highlands
Ranch, Colo.

5X5 Capital sought protection under Subchapter V of Chapter 11 of
the Bankruptcy Code (Bankr. D. Colo. Case No. 21-10405) on Jan. 27,
2021.  Brent and Kristen Barnett, owners of 5X5 Capital, signed the
petition.  In the petition, the Debtor disclosed assets of between
$100,001 and $500,000 and liabilities of the same range.

Judge Michael E. Romero oversees the Debtor's Chapter 11 case.  The
Debtor is represented by the Law Office of David M. Serafin in its
case.


AARNA HOTELS: October 12 Disclosure Statement Hearing Set
---------------------------------------------------------
On Aug. 27, 2021, debtor Aarna Hotels, LLC filed with the U.S.
Bankruptcy Court for Western District of North Carolina a
disclosure statement and plan. On August 30, 2021, Judge J. Craig
Whitley ordered that:

     * Oct. 12, 2021 at 9:30 a.m., Charles R. Jonas Federal
Building, 401 West Trade Street, Courtroom 2B, Charlotte, NC 28202
is the hearing to consider approval of the disclosure statement.

     * Oct. 5, 2021, is the last date to file and serve written
objections to the disclosure statement.

A copy of the order dated August 30, 2021, is available at
https://bit.ly/38A3i6R from PacerMonitor.com at no charge.

                       About Aarna Hotels

Aarna Hotels, LLC is a limited liability company formed in 2017
under the laws of the State of North Carolina. It owns and operates
an Aloft branded hotel located at 3928 Memorial Parkway in
Charlotte, North Carolina.

Aarna Hotels sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. N.C. Case No. 21-30249) on April 29,
2021. In the petition signed by Anuj N. Mittal, manager, the Debtor
disclosed up to $50 million in both assets and liabilities.

Judge Laura T. Beyer presided over the case before Judge J. Craig
Whitley took over.  Richard S. Wright, Esq., at Moon Wright &
Houston, PLLC, is the Debtor's legal counsel.


AARNA HOTELS: Unsecureds to Recover up to 100% of Allowed Claims
----------------------------------------------------------------
Aarna Hotels, LLC, filed with the U.S. Bankruptcy Court for the
Western District of North Carolina a Chapter 11 Plan of Liquidation
and a Disclosure Statement, dated August 27, 2021.

The Debtor sold its operating assets -- the hotel property and
related furniture, fixtures, and equipment -- to FWREF II CLT
Airport, LLC for $22,500,000, subject to approval of the Court.
The Debtor expects that the sale proceeds, together with funds on
hand from its ongoing operations, will be sufficient to pay all
Allowed Secured and Unsecured Claims against the Estate in full,
and to leave funds available for distribution to the holder of the
Equity Interests in the Debtor.

The Allowed Secured Claim of M2C in Class 2 is estimated to recover
100% of the allowed claim amount for $20,400,000.  Holders of
Allowed General Unsecured Claims in Class 4 are expected to recover
up to the full amount of their claims aggregating $300,000,
excluding claims for rejection damages.  Distributions to the
holder of Class 5 Allowed Equity Interests, if any, shall be made
from the remaining Net Estate Cash after distribution to all senior
classes of claims.  All equity interests shall be deemed cancelled
on the distribution date.

A copy of the Disclosure Statement is available for free at
https://bit.ly/2YjdZch from PacerMonitor.com.

Counsel for the Debtor:

   Richard S. Wright, Esq.
   Moon Wright & Houston, PLLC
   121 West Trade Street, Suite 1950
   Charlotte, NC 28202
   Telephone: (704) 944-6560
   Facsimile: (704) 944-0380

                        About Aarna Hotels

Aarna Hotels, LLC is a limited liability company formed in 2017
under the laws of the State of North Carolina. It owns and operates
an Aloft branded hotel located at 3928 Memorial Parkway in
Charlotte, North Carolina.

Aarna Hotels sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. N.C. Case No. 21-30249) on April 29,
2021. In the petition signed by Anuj N. Mittal, manager, the Debtor
disclosed up to $50 million in both assets and liabilities.

Judge Laura T. Beyer presided over the case before Judge J. Craig
Whitley took over.  Richard S. Wright, Esq., at Moon Wright &
Houston, PLLC, is the Debtor's legal counsel.


ABILITY INC: Posts $5M Net Loss for Half Year Ended June 30
-----------------------------------------------------------
Ability Inc. filed with the Tel-Aviv Stock Exchange on Aug. 31,
2021, a periodic report including the Company's condensed
consolidated interim financial statements as of and for the
six-month period ended June 30, 2021.

Ability reported a net loss and comprehensive loss of US$5.01
million on US$281,000 of revenue from sales for the six months
ended June 30, 2021, compared to a net loss and comprehensive loss
of US$4.47 million on US$898,000 of revenue from sales for the six
months ended June 30, 2020.

As of June 30, 2021, the Company had US$13.33 million in total
assets, US$27.41 million in total liabilities, and a total capital
deficit of US$14.08 million.

The cash used in current operations in the first six months of 2021
amounted to US$335,000, primarily including comprehensive loss in
the sum of US$5,006,000, net of an increase in the sum of
US$3,061,000 in trade balances, payable expenses, and other
creditors.  This sum includes recognition of provision for lawsuits
in the sum of US$2,500,000 as described hereinabove, an increase of
US$478,000 in the balance of related parties, adjustments to P&L
items in the sum of US$475,000, increase in the sum of US$395,000
thousand in creditor balances due to wage and related, and increase
in the sum of US$370,000 in the customer advances balance, net of
accrued costs due to projects.

The cash used in current operations in the first six months of 2020
amounted to US$844,000, primarily including comprehensive loss in
the sum of US$4,471,000, net of a decrease in the sum of
US$1,950,000 in customer balances due to recognition of provision
for doubtful debt related to the full debt of a Group client in the
sum of US$1,950, as described hereinabove, adjustments to P&L items
in the sum of US$602,000, increase in the sum of US$387,000 in
trade balances, payable expenses and other creditors, increase in
the sum of US$378,000 in creditor balances due to wage and related,
and an increase in the sum of US$298,000 in the balance of related
parties

The cash used in investment operations in the first six months of
2021 amounted to US$77,000, including an increase in the restricted
deposit balance.

The cash resulting from investment operations in the first six
months of 2020 amounted to US$435,000, including a decrease in the
restricted deposit balance.

The cash used in financing operations in the first six months of
2021 amounted to US$5,000, including the repayment of a lease
liability.

The cash used in financing operations in the first six months of
2020 amounted to US$6,000, including the repayment of a lease
liability.

A full-text copy of the Form 6-K is available for free at:

https://www.sec.gov/Archives/edgar/data/1652866/000121390021045838/ea146644ex99-1_abilityinc.htm

                         About Ability Inc.

Ability Inc. is a holding company operating through its
subsidiaries Ability Computer & Software Industries Ltd., Ability
Security Systems Ltd., and Telcostar, which provide advanced
interception, geolocation and cyber intelligence products and
solutions that serve the needs and increasing challenges of
security and intelligence agencies, military forces, law
enforcement agencies and homeland security agencies worldwide.

Ability Inc. reported a net and comprehensive loss of US$7.74
million for the year ended Dec. 31, 2019, compared to a net loss
and comprehensive loss of US$10.19 million for the year ended Dec.
31, 2018. As of June 30, 2020, the Company had US$14.14 million in
total assets, US$21.34 million in total liabilities, and a total
shareholders' deficit of US$7.20 million.

Ziv Haft, Certified Public Accountants (Isr.) BDO Member Firm, in
Tel Aviv, Israel, the Company's auditor since 2015, issued a "going
concern" qualification in its report dated June 15, 2020 citing
that the Company has an accumulated deficit, working capital
deficit, suffered recurring losses and has negative operating cash
flow.  Additionally, the Company is under an investigation of the
Israeli Ministry of Defense, which ordered a suspension of certain
export licenses.  Additionally, severe restrictions imposed by many
countries on global travel as a result of the coronavirus disease
of 2019 outbreak have impeded the Group's ability to complete the
phase of the systems acceptances.  These matters, along with other
reasons, raise substantial doubt about the Company's ability to
continue as a going concern.


ABRI HEALTH: Court Approves Settlement With LTC
------------------------------------------------
Amy Stulick of Skilled Nursing News reports that real estate
investment trust LTC Properties (NYSE: LTC) late Tuesday announced
it entered into a settlement agreement with Senior Care Centers and
Abri Health Services, collectively known as the "Lessee," among
others.

The settlement -- approved in the U.S. Bankruptcy Court for the
Northern District of Texas, Dallas Division -- includes a one-time
payment of $3.25 million from LTC to affiliates of the Lessee along
with the transition of 11 skilled nursing facilities in Texas to
HMG Healthcare LLC. Payment and transfer of operations are expected
to occur on or around Oct. 1, 2021, LTC said in a statement.

Texas-based HMG owns and/or operates 29 seniors housing and care
properties in Texas and Kansas; the transfer brings that number to
40 properties.

Abri Health Care filed for Chapter 11 bankruptcy protection in
April 2021 after emerging from another bankruptcy involving Senior
Care Centers one month prior.

"We look forward to growing our association with HMG Healthcare and
having these properties leased to an operator of our choice," Wendy
Simpson, chairman and CEO of LTC, said in a statement. "We have had
a long-standing relationship with the principals of HMG for over a
decade and their involvement in reaching the settlement was
instrumental."

"We are excited to be taking over operations at these skilled
nursing centers, allowing us to bring our premier health care
services to an increased number of patients throughout Texas, while
expanding our successful and long-standing relationship with LTC,"
Laurence Daspit, principal at HMG, added in the same statement.

Properties will be leased under a one-year master lease with rent
determined by cash flow — LTC said the properties will eventually
be rolled into a master lease between LTC and HMG after a
stabilized rent rate is established in the first year.

Terms are being negotiated for a secured working capital loan for
HMG.

The Westlake Village, Calif.-based REIT added that payments for the
11 facilities could be deferred by up to six months, and agreed to
indemnify HMG of expenses incurred pre-transfer, including claims
and liabilities.

                       About Abri Health Care Services

Founded in 2009, Abri Health Care Services, LLC --
https://abrihealthcare.com/ -- offers skilled nursing services,
short-term rehabilitation, long-term care, and assisted living in
over 22 locations across Texas.

Abri Health Care Services and subsidiary Senior Care Centers, LLC,
sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No.
21-30700) on April 16, 2021. In the petition signed by CEO Kevin
O'Halloran, Abri Health Care Services disclosed total assets of up
to $50 million and total liabilities of up to $10 million. The
cases are handled by Judge Stacey G. Jernigan.  

The Debtor tapped Polsinelli, PC, as legal counsel, and
CliftonLarsonAllen, LLP, as accountant and tax consultant.


AFFORDABLE CONCRETE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Affordable Concrete, LLC
        69096 Highway 2
        Commerce City, CO 80022

Business Description: Affordable Concrete, LLC is a full-service
                      general construction company with
                      specialties in concrete, commercial and
                      office renovations, asphalt, civil, and
                      demolition services.

Chapter 11 Petition Date: September 2, 2021

Court: United States Bankruptcy Court
       District of Colorado

Case No.: 21-14587

Judge: Hon. Kimberley H. Tyson

Debtor's Counsel: Keri L. Riley, Esq.
                  KUTNER BRINEN DICKEY RILEY, P.C.
                  1660 Lincoln Street, Suite 1720
                  Denver, CO 80264
                  Tel: 303-832-2400
                  E-mail: klr@kutnerlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Roger Bartlett as owner and president.

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/DBYNFGA/Affordable_Concrete_LLC__cobke-21-14587__0001.0.pdf?mcid=tGE4TAMA


AIWA CORPORATION: Brand Scheduled for Auction on October 4, 2021
----------------------------------------------------------------
Nathan Jolly of Channel News reports that the legendary Aiwa
Corporation is scheduled for bankruptcy auction in October 4, 2021.
The brand, responsible for inventing the very first cassette tape
recording back in 1964, has filed for Chapter 11 bankruptcy.

The Aiwa brand is up for auction, as part of the bankruptcy
proceedings of its parent company Aiwa Corporation, with bids being
taken until October 4, 2021.

Aiwa has been a leader in headphones, stereos, and speakers since
1951. The Japanese company listed on the Tokyo Stock Exchange from
1964, with the company taken over and delisted by Sony in 2003,
later being sold to a US company, who renamed as Aiwa Corp.

                     About Aiwa Corporation

Chicago-based Aiwa Corporation -- https://aiwa.co/ -- is a consumer
electronics brand that manufactures audio equipment.

Aiwa Corporation filed a petition for Chapter 11 protection (Bankr.
N.D. Ill. Case No. 21-07762) on June 22, 2021, listing total assets
of $1,764,887 and total liabilities of $5,818,251. Aiwa CEO Joseph
J. Born signed the petition. The case is handled by Judge Deborah
L. Thorne. Jeremy C. Kleinman, Esq., at FrankGecker LLP, is the
Debtor's legal counsel.



ALAMO DRAFTHOUSE: 3 Valley Locations Rebrand to Majestic Theaters
-----------------------------------------------------------------
Torrence Dunham of KTAR News (Arizona) reports that the three Alamo
Drafthouse Cinema locations in the Valley were closed Monday and
will reopen Friday rebranded as Majestic Theaters.

Chandler residents Kim and Craig Paschich, the franchisees who
owned the Alamo locations, will continue to be at the helm of the
theaters located in Tempe, Chandler and Gilbert.

"We're offering the best from before, and so much more," Craig
Paschich, CEO of Majestic Theaters Arizona, said in a press
release.

"Our Majestic family is readying to open the doors to a new
beginning and make great memories with our guests."

The rebranding follows the couple's group, Paschich Alam

Along with a new name, the theaters are set to have a refreshed
food and beverage menu along with more flexible attendance policies
for guests under 18.

The theaters will continue to offer a wide array of first-run films
and art house favorites in addition to hosting interactive movie
parties and live film events with celebrity appearances, according
to the release.

Majestic is also planning to introduce a loyalty program and
upgraded technology to elevate the guest experience in the coming
months, according to the release.

The Valley Alamo Drafthouse Cinema locations were among many
theaters that suffered financially during the COVID-19 pandemic,
with the franchisee filing for Chapter 11 bankruptcy protection
last May due to the impact of mandated closures.

The chain as a whole followed in March and filed for bankruptcy,
also citing the pandemic for its financial trouble.

Prior to the agreement to part ways, the franchisee filed a civil
lawsuit to end their agreement with the chain but Alamo Drafthouse
countersued for breach of contract, according to ABC 15.

                      About Alamo Drafthouse

The Alamo Drafthouse Cinema -- https://drafthouse.com -- is an
American cinema chain founded in 1997 in Austin, Texas that is
famous for its strict policy of requiring its audiences to maintain
proper cinemagoing etiquette.  Known for offering full meal and
alcohol service at its theaters, the company also operates a movie
merchandise store and an annual genre film festival, Fantastic
Fest.  Alamo Drafthouse had 41 locations as of March 31, 2021, with
23 of those locations ran by franchisees.

On March 3, 2021, Alamo Drafthouse Cinemas Holdings, LLC and 33
affiliated companies filed Chapter 11 petitions (Bankr. D. Del.
Lead Case No. 21-10474).

Alamo Drafthouse was estimated to have $100 million to $500 million
in assets and liabilities as of the bankruptcy filing.

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

The Company tapped Young Conaway Stargatt & Taylor LLP as
bankruptcy counsel, Portage Point Partners as its financial
adviser, and Houlihan Lokey Capital as its investment banker.  Epiq
Corporate Restructuring, LLC, is the claims agent.


ALCO CONSTRUCTION: Seeks to Hire Villa & White as Legal Counsel
---------------------------------------------------------------
ALCO Construction Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire Villa & White, LLP
to serve as legal counsel in its Chapter 11 case.

The firm will render these services:

     (a) assist and advise ALCO Construction relative to its
operations as a debtor-in-possession, and relative to the overall
administration of its case;

     (b) represent the Debtor at hearings to be held before the
court and communicate with its creditors regarding the matters
heard and the issues raised, as well as the decisions and
considerations of the court;

     (c) prepare, review and analyze pleadings, orders, operating
reports, schedules, statements of affairs, and other documents
filed and to be filed with the court, and consent or object to
pleadings and orders on behalf of the Debtor;

     (d) assist in preparing legal papers in support of positions
taken by the Debtor as well as preparing witnesses and reviewing
documents relevant thereto;

     (e) coordinate the receipt and dissemination of information
prepared by and received from the Debtor and its retained
professionals as well as information from accountants or other
professionals engaged by any official committee;

     (f) confer with the professionals selected and employed by any
official committee;

     (g) assist the Debtor in its negotiations with creditors or
their court-appointed representatives and interested third parties
concerning the terms and conditions of a plan of reorganization and
disclosure statement to be filed by the Debtor;

     (h) provide other services related to the confirmation of a
plan of reorganization;

     (i) assist the Debtor in its discussions and negotiations with
others regarding the terms, conditions, and security for credit, if
any, during this Chapter 11 case;

     (j) conduct examination of witnesses in order to analyze and
determine, among other things, the Debtor's assets and financial
condition, whether the Debtor has made any avoidable transfers of
its property, and whether causes of action exist on behalf of the
Debtor's estate; and

     (k) provide other necessary legal services.

Morris White III, Esq., a partner at Villa & White, will be
primarily responsible for the supervision of the case.  The
attorney bills at a rate of $350 per hour.

Mr. White disclosed in a court filing that his firm does not hold
an interest adverse to Debtor's estate.

The firm can be reached through:

     Morris E. "Trey" White III, Esq.
     Villa & White LLP
     1100 NW Loop 410 #802
     San Antonio, TX 78213
     Tel: (210) 225-4500
     Fax: (210) 212-4649
     Email: treywhite@villawhite.com

                   About ALCO Construction Inc.

ALCO Construction Inc. sought Chapter 11 protection (Bankr. W.D.
Tex. Case No. 21-50953) on Aug. 1, 2021, disclosing up to $1
million in assets and up to $10 million in liabilities.  ALCO
President Terri K. Corbett signed the petition.  Judge Ronald B.
King oversees the case.  Villa & White, LLP is the Debtor's legal
counsel.


AMERICAN RESOURCE: Trustee Taps C. Steven Baker as Consultant
-------------------------------------------------------------
Barry Mukamal, the appointed trustee in the Chapter 11 cases of
American Resource Management Group, LLC (DE) and affiliates, seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Florida to employ C. Steven Baker as his expert consultant.

The trustee needs the assistance of an expert consultant regarding
the lawsuit In re American Resource Management Group, LLC (DE), et
al., Case No. 19-14605-BKC-SMG, as well as provide other services
as the trustee may reasonably request on related issues.

Mr. Baker will be billed at his hourly rate of $650, plus
reimbursement for expenses incurred. He also requires a retainer of
$10,000.

Mr. Baker disclosed in a court filing that he is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The professional can be reached at:

     C. Steven Baker
     1526 Pleasant Ridge Road
     Maryville, IL 62062
     Telephone: (708) 445-0642
     Email: sbaker109@comcast.net

                    About American Resource

American Resource Management Group, LLC (DE) and its affiliates
filed Chapter 11 bankruptcy petitions (Bankr. S.D. Fla. Lead Case
No. 19-14605) on April 9, 2019. Shyla Cline and Scott Morse,
managers, signed the petitions.  In its petition, American Resource
estimated $100,000 to $500,000 in assets and $1 million to $10
million in liabilities.

Judge Scott M. Grossman oversees the cases.  

Tate M. Russack, Esq., an attorney based in Boca Raton, Fla., is
the Debtors' bankruptcy attorney.

Barry Mukamal was appointed as Chapter 11 trustee for the Debtors.
The trustee tapped Kozyak Tropin & Throckmorton LLP as legal
counsel; Bast Amron LLP and Meland Budwick, PA as special counsel;
and C. Steven Baker as expert consultant.


AMMA421 LLC: Seeks to Hire Morrison Cohen as Litigation Counsel
---------------------------------------------------------------
Amma421, LLC seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to employ Morrison Cohen LLP as
special litigation counsel.

The Debtor desires to retain Morrison Cohen as special counsel
because of its familiarity and knowledge of the Debtor's ongoing
rent dispute negotiations with Normandy Real Estate Partners, the
parent company of 880 Broadway Owner, LLC and 880 Broadway Tenant,
LLC.

The hourly rates of the firm's attorneys are as follows:

     Danielle C. Lesser   $850 per hour
     Yuliya Neverova      $500 per hour

The firm received a retainer of $10,000 from the Debtor.

Danielle Lesser, Esq., a partner at Morrison Cohen, disclosed in a
court filing that the firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Danielle C. Lesser, Esq.
     Morrison Cohen LLP
     909 3rd Ave.
     New York, NY 10022
     Telephone: (212) 735-8600
     Facsimile: (212) 735-8708
     Email: dlesser@morrisoncohen.com

                         About Amma421 LLC

New York-based Amma421, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
21-11333) on July 21, 2021, disclosing up to $50,000 in assets and
up to $10 million in liabilities. Paulette M. Cole, managing
member, signed the petition.

Judge David S. Jones oversees the case.

The Debtor tapped Klestadt Winters Jureller Southard & Stevens, LLP
as bankruptcy counsel and Morrison Cohen LLP as special counsel.


ANNIE'S HOLDINGS: Court Confirms Amended Plan
---------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida confirmed the Amended Chapter 11 Plan of
Annie's Holdings, LLC.

A copy of the order is available for free at https://bit.ly/3DA2FZj
from PacerMonitor.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.  Judge Jerry A.
Funk presides over the case.  Richard A. Perry P.A. is the Debtor's
legal counsel.


ANNIE'S HOLDINGS: Wins Final OK on Disclosure Statement
-------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida entered orders confirming the Plan and
approving the Disclosure Statement of Annie's Holdings, LLC on a
final basis.

Under the Plan, secured creditor South State Bank will be paid in
full with interest via monthly payments and a balloon payment
within 48 months.  Unsecured claims in Class 5 will receive $500
per month.  The equity holder, David Singh, will retain his
interests in the Debtor.

Copies of the orders are available for free at
https://bit.ly/3BxhidR and https://bit.ly/3Bz7gcj from
PacerMonitor.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.


BAYTOWN MUNICIPAL: S&P Assigns Final 'BB' Rating on 2021B Bonds
---------------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' final rating to the series
2021A bonds and a 'BB' rating to the series 2021B bonds on The
Baytown Municipal Development District (BMDD).

On August 25, 2021, BMDD, a political subdivision of the state of
Texas and the City of Baytown, priced its $18.1 million series
2021A and its $14 million series 2021B hotel revenue bonds,
together with other funds that it will use to finance the
construction and operation of the 208 room Baytown Convention
Center and Hotel project.

S&P said, "BMDD priced its revenue bonds on Aug. 25, 2021. The
first-lien bonds have an annual interest rate of 2.5% (compared
with the expectation of 3%) until 2031, and an annual interest rate
of 4% starting 2032 until 2050, in line with our assumption when we
assigned the preliminary ratings. The second-lien bonds have an
annual interest rate of 3.5% (compared with the expectation for
4.25%)until 2031, and an annual interest rate of 5% starting 2032
until 2050, in line with our assumption when we assigned the
preliminary ratings. The final yield of the first-lien bonds closed
around 2.8%, while the second-lien bonds closed with a yield of
around 3.8%.

"Our investment-grade rating on the first-lien bonds reflects our
view of a relatively simple construction project and sufficient
liquidity to cover construction costs and reasonable delays,
considering this is a small hotel with no particular complexities
identified (such as poor ground conditions or large-scale
greenfield convention hotels with more than 900 rooms that add
complexity.)

"Additionally, the rating reflects our view of robust debt service
coverage ratios (DSCRs) with an expected minimum DSCR of around
2.4x and strong downside risk resiliency under different scenarios,
including a covid simulated scenario applied at the hotel's opening
date which suggests the project first and second lien bonds would
not default.

"Because construction won't be complete until 2023, the hotel will
avoid the immediate impacts of the pandemic. But a key risk we
consider in the rating is the impact COVID-19 will have on consumer
travel behavior, particularly because the hotel will rely heavily
on business travel, a category that could be particularly
vulnerable. We reflect this risk in our base-case projections, in
which occupancy levels for the hotel are around 8% lower than
CBRE's expectations (we expect stabilized occupancy of 65% compared
with CBRE's 73%), and below existing hotels in the Baytown area and
near the Houston airport, which achieved occupancy levels between
65% and 70% pre-pandemic.

"We expect the proposed hotel will attract primarily corporate
travelers (58% estimated demand mix), leisure (22% estimated demand
mix), and meetings and group (20% estimated demand mix) market
segments, based on CBRE's estimates (CBRE is the market consultant
for the project). We view the hotel to be well positioned to
attract travel due to its national brand affiliation, its extensive
meeting space in a region where there are few comparable offerings,
and its location as a unique upper-upscale hotel in Baytown, in
which there are currently no hotels with these amenities. Under our
market exposure and downside stresses, in which occupancy levels
and margins are materially decreased, the project's first-lien
bonds reflect DSCRs above 1x given its low leverage, and the
second-lien bonds' reserve accounts are sufficient to avoid a
default.

"The project's strong liquidity protections and low leverage are
they key drivers that result in an investment-grade outcome on the
first-lien tranche. First-lien bonds will have up to 2.5 years of
debt service payments in a debt reserve account (one year fully
funded at financial close, and 1.5 years funded with operating cash
flows). Under our base-case projections, the first-lien debt
reserve accounts will be fully funded with 2.5 years of debt
service by the end of 2024.

"Our stress test analysis is applied during ramp up, which we view
to be the hotel's most vulnerable phase. In order for the
first-lien debt to default, RevPAR would need to be around $15 from
the hotel's opening date to 2026. In this scenario, occupancy
levels would need to decline to around 20% together with ADRs below
$80. Under this scenario, the first-lien debt would deplete its
reserve accounts and default in 2026. For this reason, we believe
the risk of being a single-asset convention center and hotel in a
relatively small market is offset by very low leverage at the
first-lien tranche and strong liquidity provisions to withstand a
severe market downside. We also modeled a COVID-19-like scenario,
in which RevPAR falls to around 23% of our base-case expectation in
the first year of operations (reaching around $24) and recovers to
around 60% of base-case expectations in the second year, and the
first-lien DSCR remains above 1.0x, without the need to draw any
reserve account. We consider this strong resiliency to be
commensurate with an investment-grade rating and is primarily due
to the low leverage at the senior tranche."

When compared with other investment-grade single-asset convention
center hotels, such as the Georgia World Congress Center Authority
(GWCCA) in Atlanta, this project is located in a less-densely
populated city with no direct peers. However, there is a much lower
amount of debt in its capital structure measured on a DSCR basis
(our base-case minimum DSCR for the GWCCA is 2.2x) or a senior
debt-to-room ratio. Baytown's senior debt-to-room ratio is around
$89,000, compared with GWCCA's $233,000.

Also, single-asset hotels that are operational and still investment
grade, such as Denver Convention Center Hotel Authority
(BBB-/Negative), benefit from government support in the form of
city contributions that average around 56% of debt service over the
life of the debt. S&P said, "Our outlook on the Denver hotel is
currently negative as it is relying mostly on existing liquidity
rather than operating cash flows to service debt. We rate Denver
comparably to Baytown because of its much lower cash flow
volatility (the Baytown project is 100% exposed to guest volume
risk to generate revenues) and much higher leverage. On a senior
debt-to-room ratio basis, the Denver Convention Center Hotel is
around $322,000, compared with Baytown's $89,000."

S&P said, "Our 'BB' second-lien bonds rating reflects the same
fundamentals of the first-lien bonds, but a lower DSCR given that
the second-lien bonds are subordinated to the first-lien bonds. We
expect a minimum DSCR of around 1.35x for the second-lien bonds,
also with a strong downside resiliency, as these bonds will also
have a fully funded one-year debt service reserve account, plus an
additional amount up to 2.5x years of debt service funded with
operating cash flows."

The following key dates remain aligned with preliminary
assumptions:

-- Financial close on Sept. 9., 2021.
-- Construction starts by Oct. 10, 2021.
-- Substantial completion on Feb. 9, 2023.
-- Final completion on March 10, 2023.
-- Convention Center and Hotel open on April 10, 2023.
-- Capitalized interest expenses end six months after the hotel
opening date.
-- First principal payment on Oct. 1, 2025.
-- Final maturity of the bonds on Oct. 1 2050 (no changes).

The BMDD, a political subdivision of the state of Texas and the
City of Baytown, plans to finance, build, and operate a
full-service, upper-upscale 208-room hotel and convention center in
Baytown, Texas. Located 30 miles east of downtown Houston, the
hotel is expected to attract primarily business travel when it
opens in April 2023. The Baytown Convention Center and Hotel
Project will be operated under a 30-year Hotel Service Agreement by
Hyatt Corp. under the Hyatt Regency brand. The project will be
financed with a combination of hotel revenue bonds and direct
contributions from the city of Baytown (all contributed at the same
time as the hotel revenue bonds' financial close).

S&P said, "The stable outlook reflects our expectations that
construction of the Baytown Convention Center and Hotel Project
construction will be on time and within budget given the
experienced constructor and a reasonable construction schedule. 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 stabilized occupancy rate of around
65% and a RevPAR of around $104 (increasing 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
significantly lower, 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 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
and a subordinate DSCR above 1.5x while maintaining liquidity and a
strong resilience under our downside scenario."



BESTHOST INN: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Besthost Inn LLC
        8530 Beach Boulevard
        Buena Park, CA 90620-3956

Chapter 11 Petition Date: September 1, 2021

Court: United States Bankruptcy Court
       Central District of California

Case No.: 21-12158

Judge: Hon. Erithe A. Smith

Debtor's Counsel: Michael Jay Berger, Esq.
                  LAW OFFICES OF MICHAEL JAY BERGER
                  9454 Wilshire Boulevard, 6th Floor
                  Beverly Hills, CA 90212
                  Tel: (310) 271-6223
                  Fax: (310) 271-9805
                  Email: michael.berger@bankruptcypower.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Reazuddin, 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/4OSMYHA/BESTHOST_INN_LLC__cacbke-21-12158__0001.0.pdf?mcid=tGE4TAMA


BODYTEK FITNESS: Seeks to Hire Susan D. Lasky as Legal Counsel
--------------------------------------------------------------
Bodytek Fitness Pembroke Pines LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Susan Lasky, Esq., an attorney practicing in Ft. Lauderdale, Fla.,
to handle its Chapter 11 case.

Ms. Lasky will render these legal services:

     (a) advise the Debtor regarding its powers and duties in the
continued management of its financial affairs;

     (b) advise the Debtor regarding its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

     (c) prepare legal papers;

     (d) protect the interest of the Debtor in all matters pending
before the court; and

     (e) represent the Debtor in negotiation with its creditors in
the preparation of a Chapter 11 plan.

Ms. Lasky has agreed to perform said services at the reduced hourly
rates of $400 for attorney fees and $200 for paralegal services.

The attorney received a retainer of $2,500 to be applied to
post-petition services.

Ms. Lasky disclosed in a court filing that she is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The attorney can be reached at:

     Susan D. Lasky, Esq.
     320 S.E. 18 St.
     Ft. Lauderdale, FL 33316
     Telephone: (954) 400-7474
     Facsimile: (954) 206-0628
     Email: Sue@SueLasky.com

               About Bodytek Fitness Pembroke Pines

Bodytek Fitness Pembroke Pines, LLC filed its voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Case No. 21-17687) on Aug. 5, 2021, listing up to $100,000 in
assets and up to $500,000 in liabilities. Cecelia Facey, managing
member, signed the petition.  Judge Peter D. Russin oversees the
case.  Susan D. Lasky, Esq., serves as the Debtor's legal counsel.


BRIGHT MOUNTAIN: Withum Replaces EisnerAmper as Accountant
----------------------------------------------------------
The Audit Committee of the Board of Directors of Bright Mountain
Media, Inc. approved the dismissal of EisnerAmper LLP, as the
Company's independent registered public accounting firm, effective
Aug. 24, 2021.  

Eisner's audit reports on the financial statements for the years
ended Dec. 31, 2018 and 2019 did not provide an adverse opinion or
disclaimer of opinion to the Company's financial statements, nor
modify its opinion as to uncertainty, audit scope or accounting
principles except for the inclusion of an explanatory paragraph
related to substantial doubt about the ability to continue as a
going concern.

During the fiscal years ended Dec. 31, 2019 and 2020, and the
subsequent interim period through Aug. 24, 2021, there were: (i) no
disagreements within the meaning of Item 304(a)(1)(iv) of
Regulation S-K and the related instructions between the Company and
Eisner on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure
which, if not resolved to Eisner's satisfaction, would have caused
Eisner to make reference thereto in their reports; and (ii) no
"reportable events" within the meaning of Item 304(a)(1)(v) of
Regulation S-K, except that Eisner concurred with the Company's
assessment of material weaknesses related to the Company's internal
controls over financial reporting.

In its Management's Report on Internal Control Over Financial
Reporting, as set forth in Item 4 "Controls and Procedures" of the
Company's Quarterly Report on Form 10-Q for the quarters ended
March 31, 2019, June 30, 2019, Sept. 30, 2019, March 31, 2020, June
30, 2020 and Sept. 30, 2020 and Item 9A "Controls and Procedures"
of the Company's Annual Report on Form 10-K for the year ended Dec.
31, 2019, the Company reported material weaknesses in its internal
controls over financial reporting, which constitute reportable
events (as defined in Item 304(a)(1)(v) of Regulation S-K).  These
material weaknesses are: i) Insufficient segregation of duties,
oversight of work performed and lack of compensating controls in
the Comopany's finance and accounting functions due to limited
personnel, ii) The Company's systems that impact financial
information and disclosures have ineffective information technology
controls, iii) Inadequate controls surrounding revenue recognition,
to ensure that all material transactions and developments impacting
the financial statements are reflected and properly recorded, iv)
Management evaluation of 1) the disclosure controls and procedures
and 2) internal control over financial reporting was not
sufficiently comprehensive due to limited personnel, v) Ineffective
controls and procedures in area of review and preparation of Form
10-K and other filings on a timely basis, vi) Inadequate controls
surrounding information provided to third party valuation reports
in connection with acquisitions to ensure that the financial
information is accurate and free from misstatements, and vii)
Management calculation of the provision for income taxes and
related deferred income taxes were not calculated correctly in
accordance with ASC 740, Income Taxes.  Management needs to gain a
more precise understanding of the components of the income tax
provision and deferred income taxes and monitor the differences
between the income tax basis and financial reporting basis of
assets and liabilities to effectively reconcile the deferred income
tax balances.  The Audit Committee discussed the subject matter of
the reportable events with Eisner.  The Company has authorized
Eisner to respond fully to Withum's inquiries concerning the
subject matter of such reportable events.  Notwithstanding these
material weaknesses in internal control over financial reporting,
the Company has concluded that, based on its knowledge, the
consolidated financial statements, and other financial information
included in its Annual Reports on Form 10-K for the fiscal year
ended Dec. 31, 2019 present fairly, in all material respects the
Company's financial condition, results of operations and cash flows
for the periods presented in conformity with accounting principles
generally accepted in the United States. However, on March 31,
2021, the Company issued a Form 8-K where it disclosed that it
determined that the Company's previously issued consolidated
financial statements as of and for the years ended Dec. 31, 2019,
and the unaudited consolidated financial statements as of and for
each of the interim quarterly periods ended Sept. 30, 2019, March
31, 2020, June 30, 2020 and Sept. 30, 2020, should no longer be
relied upon due to material errors contained in those financial
statements.

During the fiscal years ended Dec. 31, 2019 and 2020 and the
subsequent interim period through Aug. 24, 2021, neither the
Company nor anyone on its behalf has consulted with Withum
regarding: (i) the application of accounting principles to a
specific transaction, either completed or proposed, or the type of
audit opinion that might be rendered on the Company's financial
statements, and neither a written report nor oral advice was
provided to the Company that Withum concluded was an important
factor considered by the Company in reaching a decision as to any
accounting, auditing, or financial reporting issue; (ii) any matter
that was the subject of a disagreement within the meaning of Item
304(a)(1)(iv) of Regulation S-K and the related instructions; or
(iii) any reportable event within the meaning of Item 304(a)(1)(v)
of Regulation S-K.

Concurrent with the decision to dismiss Eisner as the Company's
independent registered public accounting firm, the Company's Audit
Committee and the Board of Directors approved the engagement of
WithumSmith+Brown, PC as its new independent registered public
accounting firm for the years ended Dec. 31, 2019 and Dec. 31, 2020
as the Company's new independent registered public accounting firm
to audit the Company's financial statements fiscal year 2019 and
2020.

                       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.


BW HOMECARE: S&P Affirms 'CCC' ICR, Outlook Negative
----------------------------------------------------
S&P Global Ratings affirmed its issue-level rating on the
first-lien debt on BW Homecare Holdings LLC (d/b/a Elara Caring) at
'CCC' and second-lien debt at 'CC'.

The negative outlook reflects heightened risk for a distressed
exchange or debt restructuring over the next year given its high
leverage, cash flow deficits, and little room for underperformance
to meet its financial commitments.

The PCS segment is struggling with both a slower-than-expected
recovery of patient volume and a challenging labor market. PCS
provides long-term in-home care to assist with daily living tasks
for individuals. The segment (which accounts for about 46% of total
revenues) employs a largely low-skilled labor force that
historically earns low wages. The COVID-19 pandemic has amplified
an already tight labor market in this segment, with jobless
benefits disrupting the ability to retain caregivers industrywide.
This constrains the company's ability to service patients or take
referrals, resulting in lower volumes within this segment.

The company's Skilled Care (30% of total revenues) and Behavioral
Health (7%) businesses are once again growing, with the Hospice
segment (16%) lagging slightly, but normalizing in recent quarters.
However, given its view that the PCS segment will likely face
continued challenges, S&P expects a double-digit revenue decline in
2021.

Its strong cash balance gives the company some time to cover cash
flow deficits. S&P said, "Our forecast for 2021 suggests a
low-single-digit decline in the company's revenues, largely driven
by a slower-than-expected recovery from the pandemic as it
navigates through a tight labor market. We expect cash flow
deficits for 2021 and 2022 as the company must repay its Medicare
Advance Payments (MAPS) and deferred tax balances. Additionally,
the company's 1.5 lien debt will lose its paid-in-kind (PIK)
feature in January 2022, requiring the company to pay about $25
million additional cash interest per year."

This results in higher leverage, much higher cash interest expense,
and ongoing cash flow deficits such that the capital structure may
be unsustainable.

The negative outlook reflects current operating difficulties and
heightened risks for a distressed exchange or debt restructuring
over the next 12 months.

S&P said, "We could lower our ratings if we believe there is
greater risk of a distressed exchange or debt restructuring within
the next six months. This could occur if we expect continuing cash
flow deficits.

"We could revise the outlook to stable if the company's revenues
and EBITDA recover over the next 12 months, or if the company
stabilizes liquidity by improving cash flow such that we believe it
can meet obligations for at least the next year. This could occur
if the company sees improved PCS volumes or a stabilized labor
market, or if it favorably amends its credit agreement."



CDT DE SAN SEBASTIAN: Seeks to Tap WVS Law as Substitute Counsel
----------------------------------------------------------------
CDT de San Sebastian, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ WVS Law, LLC as its
substitute legal counsel.

WVS Law will be billed $200 per hour for attorney fees, plus
reimbursement for expenses incurred.

The firm will also receive a retainer in the amount of $5,000.

Wallace Vazquez Sanabria, Esq., the principal at WVS Law, disclosed
in a court filing that the firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Wallace Vazquez Sanabria, Esq.
     WVS Law LLC
     17 Mexico St., Suite D-1
     San Juan, PR 00917-2202
     Telephone: (787) 756-5730
     Facsimile: (787) 764-0340
     Email: wvslawllc@gmail.com

                    About CDT de San Sebastian

CDT de San Sebastian Inc. is a tax-exempt entity that operates an
outpatient care center in San Sebastian, P.R.

CDT de San Sebastian sought Chapter 11 protection (Bankr. D.P.R.
Case No. 19-06636) on Nov. 13, 2019, listing as much as $10 million
in both assets and liabilities. Eduardo Rodriguez MD, president,
signed the petition. Judge Brian K. Tester was assigned to the case
before Judge Edward A. Godoy took over.

The Debtor tapped WVS Law LLC as its legal counsel, replacing Jose
Ramon Cintron, Esq.  JE&MA CPA Consulting Solutions, LLC is the
Debtor's accountant.


CLASSIC ACQUISITIONS: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Classic Acquisitions, LLC
           d/b/a Classic Paint and Body
        P.O. Box 263A
        1854 Hendersonville Rd.
        Asheville, NC 28803

Chapter 11 Petition Date: September 1, 2021

Court: United States Bankruptcy Court
       Western District of North Carolina

Case No.: 21-10164

Judge: Hon. George R. Hodges

Debtor's Counsel: Edward Hay, Esq.
                  PITTS, HAY, HUGENSCHMIDT
                  14 Clayton Street
                  Asheville, NC 28801
                  Tel: 828-255-8085
                  Fax: 828-251-2760
                  E-mail: firm@phhlawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Anne Morrow as 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/7CWWIYY/Classic_Acquisitions_LLC__ncwbke-21-10164__0001.0.pdf?mcid=tGE4TAMA


CLEARPOINT CHEMICALS: Responds to Committee Plan Objection
----------------------------------------------------------
Clearpoint Chemicals, LLC, in response to the Plan confirmation
objection of the Official Committee of Unsecured Creditors, said,
among other things, that the treatment of Unsecured Claims in Class
6 under prior iterations of the Plan is irrelevant to confirmation
of the Plan currently before the Bankruptcy Court.  Subsequent
negotiations, business factors, and input from interested parties
and their counsel resulted in the various amendments to June Term
Sheet framework that eventually yielded the Plan in its current --
and only relevant -- version, the Debtor said.

Lawrence B. Voit, Esq. at Silver Voit & Garrett, counsel for the
Debtor, contended that the Liquidation Analysis, contrary to the
Committee's assertion, does attribute estate causes of action,
particularly against Insiders, at values more than $0, citing that
the net value of potential fraudulent transfer claims against
Insiders are between $352,160 and $674,622.

Moreover, Mr. Voit asserted that there is no basis to subordinate
or reclassify debt owed to insiders, unless the claimant has
engaged in inequitable conduct and the conduct has injured
creditors or has given unfair advantage to the claimant.  He said
the Insiders (Mr. Foster and Mr. Rader or their affiliated
entities) have agreed to compromise and subordination nearly $2
million of Insider Claims.  The amended Plan proposes to
subordinate each of the Insider Claims, except the Allowed
Administrative Expense Claim in favor of Clearpoint Industries, on
account of the DIP financing extended to the Debtor.

A copy of the Debtor's reply is available for free at
https://bit.ly/38sNOl1 from PacerMonitor.com.

Counsel for the Debtor:

   Lawrence B. Voit, Esq.
   Alexandra K. Garrett, Esq.
   Matthew C. Butler, Esq.
   Silver Voit & Garrett,
     Attorneys at Law, P.C.
   4317-A Midmost Drive
   Mobile, AL 36609-5589
   Telephone: (251) 343-0800
   Email: agarrett@silvervoit.com
          lvoit@silvervoit.com
          mbutler@silvervoit.com

                    About Clearpoint Chemicals

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

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

Judge Jerry C. Oldshue oversees the case.

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


CLEARPOINT CHEMICALS: Says Plan Largely Consensual
--------------------------------------------------
Clearpoint Chemicals, LLC, filed with the U.S. Bankruptcy Court for
the Southern District of Alabama a Memorandum of Law in support of
the final approval of the Debtor's Second Amended Disclosure
Statement and confirmation of its Second Amended Plan.

According to the Debtor, the terms of the Plan are largely
consensual and that the Debtor and Plan Sponsor have worked with
various objecting parties to address the issues raised concerning
the Plan.  The Debtor said that the only remaining objection to
Plan confirmation is that of the Official Committee of Unsecured
Creditors, which the Debtor addressed in a separate reply filed
with the Court.

A copy of the Memorandum of Law is available for free at
https://bit.ly/3ysDK68 from PacerMonitor.com.

Counsel for the Debtor:

   Lawrence B. Voit, Esq.
   Alexandra K. Garrett, Esq.
   Matthew C. Butler, Esq.
   Silver Voit & Garrett,
     Attorneys at Law, P.C.
   4317-A Midmost Drive
   Mobile, AL 36609-5589
   Telephone: (251) 343-0800
   Email: agarrett@silvervoit.com
          lvoit@silvervoit.com
          mbutler@silvervoit.com

                    About Clearpoint Chemicals

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

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

Judge Jerry C. Oldshue oversees the case.

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


CORSAIR-USA-NJ LLC: Taps Andrew Teitelman as Special Counsel
------------------------------------------------------------
Corsair-USA-NJ, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania to employ the Law Offices
of Andrew Teitelman, PC as its special counsel to handle title and
property issues relating to its real property.

The law firm will render these legal services:

     (a) prepare legal papers;

     (b) advise the Debtor regarding any negotiations and
settlement discussions with the Debtor's creditors;

     (c) help the Debtor choose and prepare expert witness
testimony if necessary; and

     (d) prepare the Debtor's principal in compiling evidence and
prepare to give testimony and cross testimony.

The hourly rates charged by Teitelman are as follows: $325 as of
Jan. 1, 2021 and $330 as of Jan. 1, 2022.

The Debtor paid Teitelman a combined retainer of $6,000.

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

The firm can be reached at:

     Law Offices of Andrew Teitelman, PC
     250 Princeton Avenue, Suite 201
     Gladstone, OR 97027
     Telephone: (503) 659-1978
     Email: andrew@teitelmanlaw.com

                      About Corsair-USA-NJ LLC

Corsair-USA-NJ, LLC filed a petition for Chapter 11 protection
(Bankr. E.D. Pa. Case No. 21-11632) on June 8, 2021, listing as
much as $50,000 in both assets and liabilities. Jason Konek,
managing member, signed the petition.

Judge Ashely M. Chan oversees the case.

The Debtor tapped Center City Law Offices, LLC as bankruptcy
counsel and the Law Offices of Andrew Teitelman, PC as special
counsel.


COSTA HOLLYWOOD: Liquidating Trustee Taps Litigation Counsel
------------------------------------------------------------
Maria Yip, the official appointed to oversee the Costa Hollywood
Property Owner, LLC Liquidating Trust, seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Hoffman, Larin & Agnetti, PA as special litigation counsel.

The trustee needs the assistance of a special litigation counsel to
investigate potential litigation claims and if appropriate pursue
these claims under Chapter 5 of the Bankruptcy Code and applicable
federal and state law.

The firm will receive a contingency fee of 35 percent of the gross
monetary recoveries obtained from litigation claims.

In addition, the firm will be reimbursed for expenses incurred.

Michael Hoffman, Esq., a member of Hoffman, Larin & Agnetti,
disclosed in a court filing that his firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Michael S. Hoffman, Esq.
     Hoffman, Larin & Agnetti, PA
     909 North Miami Beach Blvd., Suite 201
     North Miami Beach, FL 33162
     Telephone: (305) 653-5555
     Facsimile: (305) 940-0090
     Email: mshoffman@hlalaw.com
     
               About Costa Hollywood Property Owner

Costa Hollywood Property Owner, LLC --
https://www.costahollywoodresort.com -- is a privately held company
in the traveler accommodation industry. It owns and operates Costa
Hollywood Beach Resort, a resort hotel in Hollywood Beach, Fla.
Costa Hollywood Beach Resort offers rooms and suites featuring an
elevated design aesthetic and luxe decor.  

Costa Hollywood sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-22483) on Sept. 19,
2019, disclosing as much as $100 million in both assets and
liabilities.  Moses Bensusan, manager and sole member, signed the
petition.  

Judge A. Jay Cristol oversees the case.  

Peter D. Russin, Esq., at Meland Russin & Budwick, P.A. is the
Debtor's bankruptcy counsel.

The bankruptcy court confirmed the Debtor's Chapter 11 plan of
liquidation on Aug. 25, 2020.  

Maria M. Yip is the official appointed to administer the Costa
Hollywood Property Owners, LLC Liquidating Trust. The liquidating
trustee tapped Nelson Mullins Broad as bankruptcy counsel and Cimo
Mazer Mark, PLLC and Hoffman, Larin & Agnetti, PA as special
litigation counsel. Cassel and Yip Associates is the financial
advisor.


CRYSTAL FOUNTAIN: Wins Interim OK on Disclosure Statement
---------------------------------------------------------
Judge Lisa S. Gretchko of the U.S. Bankruptcy Court for the Eastern
District of Michigan granted preliminary approval to the Disclosure
Statement of Crystal Fountain Chapel Funeral Home, LLC and James C.
Lewis, Sr., LLC., as contained in the Debtors' Amended Combined
Plan of Reorganization and Disclosure Statement.

The Court fixed Oct. 6, 2021, as the deadline by which ballots
voting on the Plan shall be returned.  

Oct. 6 is also the deadline to file and serve objections to final
approval of the Disclosure Statement and confirmation of the Plan.

The Disclosure Statement and Plan confirmation hearing is set for
Oct. 15, 2021, at 1 p.m.

A copy of the order is available for free at https://bit.ly/38tUYFH
from PacerMonitor.com.

All professionals must file final fee applications 30 days after
entry of the confirmation order.

            About Crystal Fountain Chapel Funeral Home

Crystal Fountain Chapel Funeral Home, LLC, filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Mich. Case No. 21-44190) on May 12, 2021, listing under $1
million in both assets and liabilities. Elder Melvin Lewis,
responsible person, signed the petition.

Affiliated company, James C. Lewis, Sr., LLC, also filed a Chapter
11 petition (Bankr. E.D. Mich. Case 21-44189) on May 12, 2021.  In
its petition, the Debtor estimated $100,000 to $500,000 in both
assets and liabilities.  Both cases are assigned to Judge Lisa S.
Gretchko, and are jointly administered.  All pleadings, motions and
other documents, except for proofs of claims, are docketed and
filed under Crystal Fountain Chapel Funeral Home LLC.

Stevenson & Bullock, PLC, serves as counsel for the Debtors.


CUENTAS INC: Jeffery Johnson Named as CEO
-----------------------------------------
Cuentas, Inc. has named Jeffery D. Johnson as chief executive
officer.

Mr. Johnson is an accomplished executive in the payments industry
with extensive experience in the product development and
distribution of payment solutions.  He joins Cuentas after serving
as senior vice president and general manager for Netspend, a Global
Payments Company (NYSE: GPN).

Mr. Johnson replaces Arik Maimon, Interim CEO.  Mr. Maimon will
continue as executive chairman of the Company's Board of
Directors.

"I am extremely excited to have the opportunity to lead Cuentas in
its next stages of growth," said Mr. Johnson.  "Arik and Michael,
co-founders of Cuentas, have built a unique program for the Latino
market that has seen significant growth.  There are numerous
opportunities for expansion, and I am confident that our team can
accelerate growth and provide increased shareholder value."

Mr. Johnson brings more than 20 years of experience in the payments
industry beginning with Stored Value Systems, a FleetCor company
(NYSE:FLT) where he led sales for their payroll card and gift card
product sets.  He also served as Senior Vice President at Money
Network, the payroll card company that was acquired by First Data
(now Fiserv (NASDAQ: FISV).  He led the prepaid group of First
Data, a $300M+ division of the company and served as Chief Revenue
Officer of Card Compliant, a reg-tech company.  He currently sits
on the board of AI payments company DataSeers.

"Jeff is a well-respected industry veteran in prepaid and payments,
having driven growth, change management and successful exits at
numerous companies," said Arik Maimon, co-founder and executive
chairman of the Board.  "He understands the extensive value chain
and has the expertise and the relationships we are looking for to
help us expand our offerings, enhance partnerships and distribution
in a market with $1.5 trillion in purchasing power and explosive
growth," added Maimon.

"I am extremely happy on our selection and Jeff Johnson's
acceptance, to come on as our new CEO of Cuentas.  I believe with
Jeff's deep experience in the card, prepaid and merchant processing
financial industry for over 20 years, Cuentas will thrive to
execute our blueprint on being a leading US and Global mobile
banking brand and solution," said Michael De Prado, co-founder and
executive vice chairman of the Board.

On Aug. 25, 2021, Cuentas and Mr. Johnson entered into an
employment agreement, pursuant to which Mr. Johnson agreed to serve
as the Company's new chief executive officer.  The Employment
Agreement commenced and became effective as of Aug. 25, 2021, and
shall continue for an initial term of three years, ending on Aug.
24, 2024.  The initial term would be automatically extended for
additional one year periods on the same terms and conditions as set
out in the Employment Agreement; however, the Employment Agreement
will not renew automatically if either the Company or Mr. Johnson
provide a written notice to the other of a decision not to renew,
which notice must be given at least 90 days prior to the end of the
initial term or any subsequently renewed one year term.

Pursuant to the terms of the Employment Agreement, Mr. Johnson will
receive an annual base salary of $300,000 per year, and will be
eligible for an annual incentive payment of up to 100% of his base
salary, which annual incentive payment shall be based on the
Company's performance as compared to the goals established by the
Company's Board of Directors in consultation with Mr. Johnson.
This annual incentive shall have a 12 month performance period and
will be based on a January 1 through December 31 calendar year,
with Mr. Johnson's entitlement to the annual incentive and the
amount of such award, if any, remaining subject to the good faith
discretion of the Board of Directors.  Pursuant to the terms of the
Employment Agreement, Mr. Johnson has the option to have any such
earned annual incentive be paid in fully vested shares of the
Company's Common Stock, but must elect such option by the end of
the first quarter following the relevant performance calendar year
period.

In consideration of Mr. Johnson's agreement to enter into the
Employment Agreement and remain with the Company, Mr. Johnson will
receive a one-time signing bonus in the amount of $200,000, which
is to be paid in two installments: the first installment of
$100,000 to be paid on the Company's next regular payday following
the hire date of Aug. 25, 2021, and the second installment of
$100,000 to be paid on Company's next regular payday following the
first anniversary of the hire date of Aug. 25, 2021, provided that
Mr. Johnson is employed by the Company on such relevant payment
date.

                           About Cuentas

Headquartered in Miami, Florida, Cuentas, Inc. --
http://www.cuentas.com-- is a Fintech company utilizing technical
innovation together with existing and emerging technologies to
deliver accessible, efficient and reliable mobile, new-era and
traditional financial services to consumers.  Cuentas is
proactively applying technology and compliance requirements to
improve the availability, delivery, reliability and utilization of
financial services especially to the unbanked, underbanked and
underserved segments of today's society.

Cuentas reported a net loss attributable to the company of $8.10
million for the year ended Dec. 31, 2020, compared to a net loss
attributable to the company of $1.32 million for the year ended
Dec. 31, 2019.  As of June 30, 2021, the Company had $12.94 million
in total assets, $3.45 million in total liabilities, and $9.48
million in total stockholders' equity.


CURARE LABORATORY: Taps Kaplan Johnson Abate & Bird as Counsel
--------------------------------------------------------------
Curare Laboratory, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Kentucky to employ Kaplan Johnson
Abate & Bird, LLP to serve as legal counsel in its Chapter 11
case.

The legal services to be rendered are as follows:

     (a) advise the Debtor regarding its powers and duties in the
continued management of its financial affairs and estate assets;

     (b) take all necessary action to protect and preserve the
estate;

     (c) prepare legal papers; and

     (d) perform any and all other legal services for the Debtor.

The Debtor agrees to pay the firm an advance retainer of $15,000.

The hourly rates of the firm's attorneys and staff are as follows:

     Charity S. Bird            $385 per hour
     Tyler R. Yeager            $300 per hour
     Other Counsel       $240 - $475 per hour
     Paraprofessionals           $95 per hour   

In addition, the firm will be reimbursed for expenses incurred.

Tyler Yeager, Esq., a member of Kaplan Johnson Abate & Bird,
disclosed in a court filing that the firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:
   
     Charity S. Bird, Esq.
     Tyler R. Yeager, Esq.
     Kaplan Johnson Abate & Bird LLP
     710 W. Main St., 4th Floor
     Louisville, KY 40202
     Telephone: (502) 416-1630
     Email: cbird@kaplanjohnsonlaw.com
            tyeager@kaplanjohnsonlaw.com

                      About Curare Laboratory

Curare Laboratory LLC, a medical laboratory in Louisville, Ky.,
filed its voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Ky. Case No. 21-31588) on July 29,
2021, disclosing up to $50,000 in assets and up to $500,000 in
liabilities.  Tyler Burke, manager, signed the petition. Judge
Charles R. Merrill oversees the case.  Kaplan Johnson Abate & Bird,
LLP is the Debtor's legal counsel.


CYTOCOM INC: Changes Name to "Statera Biopharma, Inc."
------------------------------------------------------
Cytocom, Inc. changed its corporate name to Statera Biopharma, Inc,
effective Sept. 1, 2021.  

The name change was effected following approval by Cytocom's board
of directors through the filing of a Certificate of Amendment to
the company's Restated Certificate of Incorporation.  In accordance
with Section 242(b)(1) of the Delaware General Corporation Law,
stockholder approval of the name change was not required.

The name change does not affect the rights of the company's
security holders, creditors or suppliers.  Following the name
change, any stock certificates that reflect the company's prior
name will continue to be valid.  Certificates reflecting the new
name will be issued in due course as old stock certificates are
tendered for exchange or transfer to its transfer agent.

Also effective Sept. 1, 2021, Cytocom's common stock began trading
on The Nasdaq Capital Market with the symbol "STAB" and it is
represented by a new CUSIP number, 857561 104.

                           About Cytocom

Cytocom, Inc. (formerly known as Cleveland BioLabs, Inc.) is a
clinical-stage biopharmaceutical company developing novel
immunotherapies targeting autoimmune, neutropenia/anemia, emerging
viruses and cancers based on a proprietary platform designed to
rebalance the body's immune system and restore homeostasis.  The
company also has one of the largest platforms of toll-like
receptors (TLR4, TLR5 and TLR9) in the biopharmaceutical industry,
addressing conditions such as radiation sickness and cancer
treatment side effects.  Cytocom is developing therapies designed
to elicit directly within patients a robust and durable response of
antigen-specific killer T-cells and antibodies, thereby activating
essential immune defenses against autoimmune, inflammatory,
infectious diseases, and cancers. Specifically, Cytocom has several
clinical-stage development programs for Crohn's disease,
hematology, pancreatic cancer, and COVID-19 in addition to
expansion to fibromyalgia and multiple sclerosis.  To learn more
about Cytocom, Inc., please visit www.cytocom.com.

Cleveland Biolabs reported a net loss of $2.44 million for the year
ended Dec. 31, 2020, compared to a net loss of $2.69 million for
the year ended Dec. 31, 2019.  As of June 30, 2021, the Company had
$13.83 million in total assets, $300,623 in total liabilities, and
$13.53 million in total stockholders' equity.


CYXTERA DC HOLDINGS: S&P Upgrades ICR to 'B-', Outlook Stable
-------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to the
new parent, Cyxtera Technologies Inc., and raised the ratings to
'B-' from 'CCC', on Cyxtera DC Holdings while removing them from
CreditWatch where S&P placed them with positive implications on
Feb. 23, 2021, reflecting a more sustainable capital structure with
prospects for deleveraging from recent growth in interconnection
activity. However, leverage will likely remain elevated through
2022 with minimal free operating cash flow (FOCF) from higher
capital expenditures to support planned installation and expansion
activities.

S&P is also raising its issue-level ratings on Cyxtera's $120
million senior secured revolving credit facility and $871 million
outstanding first-lien term loan to 'B' from 'CCC+'.

The stable outlook reflects S&P's expectation that headwinds from
the Lumen contract will offset growth in the company's core
business such that adjusted debt to EBITDA remains above its 6.5x
upgrade threshold over the coming 12 months.

The SVAC transaction improves Cyxtera's liquidity position in
addition to strengthening credit metrics due to lower debt and
interest expense savings. S&P expects lease-adjusted debt to EBITDA
in the mid-8x area this year, down from 11x in 2020. The company
received a total of $493 million of cash proceeds from the SVAC
business combination (including $250 million private placements of
common stock from institutional investors) and used the proceeds to
repay the $123 million revolver outstanding and $310 million of
second-lien debt due 2025, lowering total outstanding debt. Cyxtera
also extended the maturity of its revolver facility to 2023. In
S&P's view, the company's liquidity position has improved thanks to
full availability under the $120.1 million revolver, excess cash
from the transaction, and lower interest expense that helps make
room for growth initiatives and potential investments in the
business. That said, although Cyxtera generated modestly positive
free cash flow in second-quarter 2021, much of the improvement was
from temporary working capital inflows, so the sustainability of
this trend is uncertain and depends on the level of EBITDA growth
and capex spending over the coming few years.

The company's leases contribute to Cyxtera's high debt balance, but
provides some financial flexibility compared to traditional debt.
While lease-adjusted debt remains high, a large portion of the
adjusted debt balance is due to the company's capitalized leases.
The company's leases are typically 15 years long, with three,
five-year extension options. While the leases are capitalized over
the full 30-year period, S&P believes that it provides the company
with some financial flexibility, in that it can terminate
unprofitable leases once the option to extend comes due.
Additionally, S&P views the longer-term leases favorably because it
greatly reduces the company's renewal risk.

S&P said, "The ratings on Cyxtera Technologies Inc. reflect our
expectation for limited growth through 2022, until headwinds from
the Lumen contract minimize. Our 2021 projections reflect flat
revenue and EBITDA primarily due to a step-down in Lumen (formerly
known as CenturyLink) revenue, fully offsetting moderate core
revenue growth and any utilization improvement. Headwinds from
Lumen will continue through 2022 and into 2023, slowing utilization
improvement from levels that remain below-industry average (around
68%). Lumen-related sales will continue to decline because when
Cyxtera was spun out of CenturyLink (now known as Lumen),
CenturyLink was expected to sell its managed services offering into
Cyxtera. Quickly after the spin, however, CenturyLink acquired
Level 3, which had its own data centers for CenturyLink to sell
into. The current Lumen contract provides for step-downs in the
space Cyxtera provides to Lumen for its managed services. We
anticipate those step-downs to trail off by 2023, and once
headwinds from the Lumen contract dissipate, Cyxtera has the
potential for improved utilization and cash flow generation.

"We believe Cyxtera is better positioned for growth than some
smaller data center peers due to its improving interconnections,
which are high-margin and create a sticky customer base. With
ongoing demand for digital exchange technology transformation
especially after the pandemic subsides, we think Cyxtera is
well-positioned to grow interconnection and bare metal offerings
over the coming years. The company generated about 11% of revenue
from interconnections in the second quarter of 2021 (versus nearly
8% in 2017) and we expect it to increase to the low-teens in 2022.
Average network providers available per site increased to 17 in
2021 from six to eight in 2017 and the number of unique network
service providers increased to more than 240 from 106. We view its
customer mix, as an improving carrier neutral business model and
its focus on retail colocation as more favorable for interconnected
revenue growth compared with other rated data center peers like
Flexential Corp., TierPoint LLC, and Dawn Acquisitions LLC. That
said, our assessment also recognizes competitive challenges the
company could face from larger-scale providers that are also
focused on interconnection, such as Equinix Inc..

"The stable outlook reflects our expectation for modest EBITDA
growth over the next year with limited debt reduction, such that
leverage remains elevated above our 6.5x upgrade threshold over the
coming 12 months.

"We could lower ratings or revise the outlook to negative should
business conditions worsen, such that we believe the company's
deleveraging path becomes less credible and that we no longer
believe the capital structure to be sustainable. This could be the
result of pricing pressure, elevated churn, an inability to obtain
new clients, or the result of incremental debt that slows the
ability of the company to delever.

"While not expected over the next year, we could raise the ratings
on Cyxtera if the company grows its EBITDA base such that leverage
is sustained below 6.5x. We could also raise the ratings if the
company improves and sustains utilization north of 75%, combined
with a significant improvement in EBITDA margin and cash flow, once
headwinds from the Lumen contract diminish."


DENDON INC: Gets OK to Hire M. Denise Dotson as Legal Counsel
-------------------------------------------------------------
Dendon, Inc. received approval from the U.S. Bankruptcy Court for
the Northern District of Georgia to hire M. Denise Dotson, LLC to
serve as legal counsel in its Chapter 11 case.  

The firm's services include:

     a. preparing pleadings and applications;

     b. conducting examination;

     c. advising the Debtor of its rights, duties and obligations
under the Bankruptcy Code;

     d. consulting and representing the Debtor with respect to a
Chapter 11 plan;

     e. performing those legal services incidental and necessary to
the day-to-day operations of the Debtor's business, including,
institution and prosecution of necessary legal proceedings, and
general business and corporate legal advice and assistance;

     f. take other actions incident to the proper preservation and
administration of the Debtor's estate and business.

The firm will charge these fees:

     Attorneys           $275 per hour
     Legal Assistants     $75 per hour

M. Denise Dotson, Esq., disclosed in court filings that she and her
firm neither hold nor represent any interest adverse to the Debtor
and its bankruptcy estate.

The firm can be reached through:

     M. Denise Dotson, Esq.
     M. Denise Dotson, LLC
     125 Clairemont Avenue, Suite 440
     Decatur, GA 30030
     Tel: 404-210-0166
     Email: denise@mddotsonlaw.com
            ddotsonlaw@me.com

                         About Dendon Inc.

Dendon, Inc. filed a petition for Chapter 11 protection (Bankr.
N.D. Ga. Case No. 21-55796) on Aug 4, 2021, listing up to $50,000
in assets and up to $1 million in liabilities.  M. Denise Dotson,
LLC represents the Debtor as legal counsel.


DOLPHIN ENTERTAINMENT: EJF Debt Opportunities Reports 5.1% Stake
----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exhange Commission,
EJF Capital LLC, Emanuel J. Friedman, EJF Debt Opportunities Master
Fund, L.P., and EJF Debt Opportunities GP, LLC, disclosed that as
of Aug. 27, 2021, they beneficially own 390,744 shares of common
stock of Dolphin Entertainment, Inc., which represents 5.1 percent
of the shares outstanding.  The percentage is based on 7,640,404
shares of Common Stock, par value $0.015 per share outstanding as
of Aug. 13, 2021, as reflected in the Form 10-Q filed by the Issuer
with the U.S. SEC on Aug. 16, 2021.

EJF Debt Opportunities Master Fund, L.P. (Debt Fund) is the record
owner of the number of shares of Common Stock.

EJF Debt Opportunities GP, LLC is the general partner of the Debt
Fund and an investment manager of certain affiliates thereof and
may be deemed to share beneficial ownership of the Common Stock of
which the Debt Fund is the record owner.

EJF Capital LLC is the sole member of EJF Debt Opportunities GP,
LLC, and may be deemed to share beneficial ownership of the shares
of Common Stock of which EJF Debt Opportunities GP, LLC may share
beneficial ownership.

Emanuel J. Friedman is the controlling member of EJF Capital LLC
and may be deemed to share beneficial ownership of the shares of
Common Stock of which EJF Capital LLC may share beneficial
ownership.

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

https://www.sec.gov/Archives/edgar/data/1282224/000089534521000751/ff458748_13g-dolphin.htm

                    About Dolphin Entertainment

Headquartered in Coral Gables, Florida, Dolphin Entertainment, Inc.
-- http://www.dolphinentertainment.com-- is an independent
entertainment marketing and premium content development company.
Through its subsidiaries, 42West LLC, The Door Marketing Group LLC
and Shore Fire Media, Ltd, the Company provides expert strategic
marketing and publicity services to many of the top brands, both
individual and corporate, in the entertainment, hospitality and
music industries.

Dolphin Entertainment reported a net loss of $1.94 million for the
year ended Dec. 31, 2020, compared to a net loss of $2.33 million
for the year ended Dec. 31, 2019.  As of June 30, 2021, the Company
had $50.99 million in total assets, $28.82 million in total
liabilities, and $22.17 million in total stockholders' equity.

Miami, Florida-based BDO USA, LLP, the Company's auditor since
2014, issued a "going concern" qualification in its report dated
April 15, 2021, citing that the Company has suffered recurring
losses from operations, and at Dec. 31, 2020, has an accumulated
deficit, and a working capital deficit that raise substantial doubt
about the Company's ability to continue as a going concern.


DOWNSTREAM DEVELOPMENT: Moody's Hikes CFR to Caa1, Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service upgraded Downstream Development
Authority's (DDA) Corporate Family Rating and the rating on the
company's $270 million senior secured notes due Feb 2023 to Caa1
from Caa3, and its Probability of Default Rating to Caa1-PD from
Ca-PD. The rating outlook is stable.

Downstream owns and operates the Downstream Casino Resort, a Native
American casino located at the point where the state borders for
Kansas, Missouri and Oklahoma meet.

The upgrade of DDA's Corporate Family Rating to Caa1 considers that
the company's default risk has been significantly reduced as a
result of its strong EBITDA performance -- EBITDA has grown
steadily despite the challenges related to the coronavirus -- and
significant reduction in debt/EBITDA, from 6.8x for the LTM period
ended September 30, 2020 to 3.3x for the LTM period ended June 30,
2021. The Caa1 Corporate Family Rating also acknowledges that
despite DDA's EBITDA performance and leverage improvement,
refinancing risk related to the $270 million senior secured notes
that mature in February 2023 exists. The upgrade of the PDR to
Caa1-PD additionally reflects the return to a 50% mean family
recovery rate estimate along with the reduction in near term
default risk.

The stable rating outlook considers that although Moody's views
that DDA's EBITDA, free cash flow performance and credit metrics
are characteristic of a higher rating, until the company improves
its overall debt maturity profile, further rating improvement is
not likely. Also incorporated into the stable outlook is Moody's
view that DDA's August 2022 $55 million term loan maturity, with
$38 million outstanding, is not a near-term meaningful risk given
that the company has more than enough cash on its balance sheet to
repay the term loan in full if necessary. In addition, Moody's
expects DDA will generate over $30 million of annual free cash
flow.

Moody's took the following rating actions:

Upgrades:

Issuer: Downstream Development Authority

Corporate Family Rating, Upgraded to Caa1 from Caa3

Probability of Default Rating, Upgraded to Caa1-PD from Ca-PD

Senior Secured Regular Bond/Debenture, Upgraded to Caa1 (LGD4)
from Caa3 (LGD3)

Outlook Actions:

Issuer: Downstream Development Authority

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

DDA's credit profile and Caa1 CFR is supported by its
well-established position and stable operating performance history
in the Northeast Oklahoma gaming market. The Downstream Casino
Resort is located near the three-corner border of Oklahoma, Kansas
and Missouri in northeast Oklahoma. In addition to being easily
accessible to a major highway, the casino has a demonstrated
ability to withstand competition and generate stable revenue and
EBITDA since its opening in 2008, and despite a casino opening
since then near its market area.

Key concerns include the fact that DDA is small in terms of
revenue, reliant on cyclical discretionary consumer spending, and
entirely dependent upon Downstream Casino Resorts to generate the
revenue and cash flow to service its debt. Annual net revenue is
only about $190 million. This makes DDA subject to greater risks
than a multi-facility and more geographically diversified gaming
company and more vulnerable to market conditions including regional
economic swings in its only market area, higher promotional
activity, and possible earnings compression.

DDA's rating also considers that Saracen Development, LLC, a 100%
wholly owned unrestricted subsidiary of the DDA, has its own
financing structure. There are no explicit guarantees or
cross-default provisions that link the two entities. As a result,
DDA and Saracen are rated on a standalone basis with each rating
factoring in the common ownership and relationship between the
companies.

The coronavirus outbreak and the government measures put in place
to contain it continue to disrupt economies and credit markets
across sectors and regions. Although an economic recovery is
underway, the recovery is tenuous, and continuation will be closely
tied to containment of the virus. As a result, a degree of
uncertainty around Moody's forecasts remains. Moody's regards the
coronavirus outbreak as a social risk under Moody's ESG framework,
given the substantial implications for public health and safety.
The gaming sector has been one of the sectors most significantly
affected by the shock given its sensitivity to consumer demand and
sentiment. More specifically, DDA remains vulnerable to a renewed
spread of the outbreak. DDA also remains exposed to discretionary
consumer spending that leave it vulnerable to shifts in market
sentiment in these unprecedented operating conditions.

Additional social risk for gaming companies includes evolving
consumer preferences related to entertainment choices and
population demographics that may drive a change in demand away from
traditional casino-style gaming. Younger generations may not spend
as much time playing casino-style games (particularly slot
machines) as previous generations. Data security and customer
privacy risk is elevated given the large amount of data collected
on customer behavior. In the event of data breaches, the company
could face higher operational costs to secure processes and limit
reputational damage.

Moody's expects financial policies to be aggressive under ownership
by the Quapaw Tribe of Oklahoma with high leverage and the bulk of
cash flow from operations less capital expenditures to be
distributed to the tribe. This reduces the amount of cash available
for debt repayment, new development and acquisitions.

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

A higher rating requires that DDA improve its overall debt maturity
profile and maintain its current credit metrics including moderate
leverage and positive free cash flow.

Ratings could be lowered if liquidity weakens including if DDA does
not proactively refinance. DDA's ratings could be downgraded if
earnings were to weaken materially, economic conditions in its
drawing area deteriorate, or there is increased competition.

DDA is a wholly owned unincorporated instrumentality of the Quapaw
Tribe of Oklahoma, a federally recognized Native American tribe
with approximately 4,900 enrolled members. Downstream owns and
operates the Downstream Casino Resort, a Native American casino
located at the point where the state borders for Kansas, Missouri
and Oklahoma meet -- its casino is in Oklahoma and part of its
parking lot is located in Kansas. Revenue for the 12 months ended
June 30, 2021 was approximately $190 million.

The principal methodology used in these ratings was Gaming
published in June 2021.


EAGLE HOSPITALITY: Woodbridge Hotel Sold by Receiver for $23.5M
---------------------------------------------------------------
Ishika Mookerjee of Bloomberg News reports that the Superior Court
of New Jersey on Aug. 27, 2021 entered an order approving the sale
of Delta Woodbridge Hotel and other assets by a rent receiver to a
third party for $23.5 million, according to an Eagle Hospitality
Trust filing to the Singapore stock exchange.

Pursuant to the final judgment for foreclosure, the outstanding
principal balance of the Delta Woodbridge mortgage loan is approx.
$37.6 million, with the amount to generally be offset by the
proceeds of the sale of the property.

                    About Eagle Hospitality Group

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

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

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

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


ENDEAVOR ENERGY: S&P Upgrades ICR to 'BB' on Increasing Scale
-------------------------------------------------------------
S&P Global Ratings raised the issuer credit rating on Endeavor
Energy Resources L.P. and its issue-level ratings on its debt to
'BB' from 'BB-'. The recovery rating remains '3', reflecting its
expectation of meaningful (50%-70%; rounded estimate: 65%) recovery
in the event of a payment default.

The stable outlook reflects S&P's view that Endeavor will continue
to increase production while keeping capital spending within
internally generated cash flow. S&P forecasts average funds from
operations (FFO) to debt well above 60% with debt/EBITDA around 1x
over the next two years.

Endeavor has substantially increased its scale to levels comparable
with 'BB' rated peers while maintaining low leverage. The company
produced 185 thousand barrels of oil equivalent per day (mboe/d) in
the second quarter and reported 837 million (mm)boe of proved
reserves (53% developed) at year-end 2020, making it one of the
largest private oil and gas producers in the U.S. Endeavor has
approximately 370,000 net acres in the Midland Basin, and its
current production has almost tripled 2018 production rates and
more than doubled its reserves at that time. S&P said, "We expect
the rapid growth trajectory to continue in 2022 and beyond, with
capital spending likely to increase next year as well.
Nevertheless, we believe Endeavor will continue to maintain
conservative financial metrics including average FFO/debt of around
100% and debt/EBITDA around 1x over the next two years; with the
projections supported by its relatively low cash operating costs
($8.97/Boe in the second quarter of 2021) and solid operational
track record with an emphasis on organic growth."

The company is generating free cash flow and has a strong liquidity
profile. S&P said, "Endeavor has produced more than $300 million of
free operating cash flow in the first half of this year, and we
expect it will continue to generate significant excess cash flows
in the near-term. We believe these will likely fund a moderate
level of discretionary distributions while also providing
opportunities for debt reduction. In our view, the cash flow
visibility and management's responsiveness to last year's
challenging market conditions have reduced credit risk given
Endeavor's large capital outspend in prior years. Liquidity is also
strong with more than $800 million of cash on hand at quarter-end
in addition to an undrawn $1.5 billion revolving credit facility
commitment and no bond maturities until 2025. Although the credit
facility is set to expire in March 2023, we believe it will likely
be extended given Endeavor's performance and improved oil and gas
prices." The company has hedged approximately 50% of expected oil
production in the second half of 2021, with a very modest swap
position for 2022.

The stable outlook reflects S&P's view that Endeavor will continue
to increase production while keeping capital spending within
internally generated cash flow. S&P forecasts average FFO to debt
well above 60% with debt/EBITDA around 1x over the next two years.

S&P could lower the rating if FFO to debt falls below 45%. This
would most likely occur if:

-- Commodity prices fall below our price deck assumptions;

-- The company does not meet our production growth expectations;
or

-- It becomes more aggressive with capital expenditures and
distributions.

An upgrade would be possible if the company increases its scale to
levels more comparable with 'BB+' rated peers while maintaining at
least adequate liquidity, FFO to debt comfortably above 60%, and
avoiding significant and sustained cash flow outspend.

This would most likely occur if:

-- Production and proved reserves significantly increase.

-- Its financial policy continues to be conservative.



ENERMEX INTERNATIONAL: Seeks to Hire Hrbacek as Special Counsel
---------------------------------------------------------------
Enermex International, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Hrbacek Law Firm
PC as its special counsel.

The Debtor needs the assistance of Hrbacek to represent it in a
suit against Elite Piping and Civil, Ltd.

Hrbacek will receive 40 percent of any amount recovered from EPC
and will bill one-half of its normal hourly rates as follows:

     Dean A. Hrbacek    $150 per hour
     Mark Wilson        $150 per hour
     David Freshwater   $125 per hour
     Paralegal          $35 per hour

David Freshwater, Esq., an attorney at Hrbacek, 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:

     David Freshwater, Esq.
     Hrbacek Law Firm PC
     130 Industrial Blvd., Suite 110
     Sugar Land, TX 77478
     Telephone: (281) 240-2424
     Facsimile: (281) 240-7089
     Email: info@hrbacek.com

                    About Enermex International

Houston-based Enermex International Inc. filed a voluntary petition
for Chapter 11 protection (Bankr. S.D. Texas Case No. 21-32619) on
Aug. 2, 2021, listing as much as $10 million in both assets and
liabilities.  Enermex President Edgar Padilla signed the petition.


Judge Jeffrey Norman oversees the case.  

The Debtor tapped Coplen & Banks, PC as bankruptcy counsel and
Hrbacek Law Firm, PC as special counsel.


FIELDWOOD ENERGY: Files Supplements, Sells Assets to QuarterNorth
-----------------------------------------------------------------
Fieldwood Energy, LLC and its debtor affiliates notified the U.S.
Bankruptcy Court for the Southern District of Texas that, as of
August 27, 2021, the Debtors' Eighth Amended Joint Chapter 11 Plan
confirmed by the Court on June 25, 2021, was substantially
consummated.  Accordingly, August 27, 2021 is the effective Date of
the Plan.

Simultaneously filed with said notice is the Debtors' Sixth Amended
Plan Supplement relating to the Modified Eighth Amended Joint
Chapter 11 Plan filed on August 25, 2021.

The Plan Supplements included the revised drafts of (i) the
1129(a)(5) Exhibit, (ii) the June 15 Schedule of Assumed Contracts,
(iii) the June 15 Credit Bid Purchase Agreement, (iv) June 25
Apache Plan of Merger, (v) the June 15 Chevron Plan of Merger, and
(vi) the June 25 Oil and Gas Schedules.

Pursuant to the revised Purchase and Sale Agreement, the Debtor
sold the Acquired Interests free and clear of all encumbrances to
QuarterNorth Energy LLC and Mako Buyer 2 LLC, a wholly-owned
subsidiary of QuarterNorth Energy.  The Acquired Interests are sold
for the following consideration: (1) a credit bid and equivalent
release of the Sellers/Debtors and any guarantors from a portion of
the Claims arising under the Credit Agreement, in an aggregate
amount up to the FLTL Claims Allowed Amount, (2) the Cash Portion,
(3) the GUC Warrants, (4) the SLTL Warrants, (5) the Subscription
Rights and (6) Buyer's assumption of the Assumed Liabilities.

The Credit Bid and Release shall be equal to at least $1.03
billion, less (i) the Cash Portion, (ii) the GUC Warrants, (iii)
the SLTL Warrants, (iv) the Subscription Rights and (v) the amount
of the First Lien Exit Facility on the Closing Date, subject to
adjustments.

A redline of the notice, the Plan Supplements, including the
Revised Purchase and Sale Agreement in Exhibit C, is available for
free at https://bit.ly/3zyjQYB from Prime Clerk, claims agent.

Counsel for the Debtors:

   Alfredo R. Perez, Esq.
   Weil, Gotshal & Manges LLP
   700 Louisiana Street, Suite 1700
   Houston, TX 77002
   Telephone: (713) 546-5000
   Facsimile: (713) 224-9511
   Email: Alfredo.Perez@weil.com

          - and -

   Matthew S. Barr, Esq.
   Jessica Liou, Esq.
   Weil, Gotshal & Manges LLP
   767 Fifth Avenue
   New York, NY 10153
   Telephone: (212) 310-8000
   Facsimile: (212) 310-8007
   Email: Matt.Barr@weil.com
          Jessica.Liou@weil.com

                      About Fieldwood Energy

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

Fieldwood Energy and its 13 affiliates previously sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30648) on Feb. 15,
2018, with a prepackaged plan that would deleverage $3.286 billion
of funded debt by $1.626 billion.

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

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

Judge David R. Jones oversees the cases.

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

The first-lien group employed O'Melveny & Myers LLP as its legal
counsel and Houlihan Lokey Capital, Inc. as its financial advisor.
The RBL lenders employed Willkie Farr & Gallagher LLP as their
legal counsel and RPA Advisors, LLC as their financial advisor.
Meanwhile, the cross-holder group tapped Davis Polk & Wardwell LLP
and PJT Partners LP as its legal counsel and financial advisor,
respectively.

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


GAP INC: S&P Raises ICR to 'BB' on Improving Operating Momentum
---------------------------------------------------------------
S&P Global Ratings raised the issuer credit rating on San
Francisco-based specialty apparel retailer The Gap Inc. to 'BB'
from 'BB-', and raised the rating on the company's senior secured
notes to 'BB+' from 'BB'.

The positive outlook reflects the potential for a higher rating if
Gap Inc. can sustainably expand sales for its higher-growth,
more-profitable brands and strengthen relevance at its mature
brands while maintaining its existing conservative financial
policy.

The upgrade reflects Gap Inc.'s improving operating performance and
strengthening credit metrics, supported by a favorable
macroeconomic backdrop. Strong operating results at Old Navy and
Athleta led to solid topline growth during the most recent quarter,
with comparable sales increasing 12% above 2019 levels. S&P said,
"We believe continuing momentum at these brands will enable the
company to reach its recently revised sales target of approximately
$18 billion this year, roughly 10% above 2019 levels. Further,
efforts to reposition the company's mature brands, Banana Republic
and Gap Global, for profitable growth are progressing, in our view.
The company continues to close unprofitable stores and is on track
this year to close 75% of the 350 Gap Global and Banana Republic
North American stores slated to close by the end of 2023. We also
believe the company's performance benefited from stronger consumer
demand as improved mobility contributed to increased consumer
spending on apparel. Rebounding profitability, good free cash flow
generation and conservative cash management have strengthened the
company's credit protection metrics. Based on these improvements
and our updated forecast, we revised our financial risk profile
assessment to intermediate from significant."

Gap Inc.'s merchandising and marketing initiatives are resonating
with customers that have been eager to spend on apparel. Successful
product assortments, ramped up marketing, and reduced discounting
are fueling Gap Inc.'s solid operating performance. Old Navy, Gap
Inc.'s largest brand, generated comparable sales of 18% during the
most recent quarter compared to 2019, driven by strength in its
value-focused, diverse apparel offering. S&P believes the recent
launch of the brand's BODEQUALITY initiative, which expands its
women's apparel line to a wider range of sizes, can serve as a key
growth channel and position it to achieve its 2023 sales target of
$10 billion.

Athleta, the company's fastest-growing brand, is well situated in
the growing activewear apparel segment. In S&P's view, heightened
brand awareness from recent high-profile partnerships, footprint
expansion, including its entry into Canada this year, and ongoing
digital investments will support sales approaching $1.5 billion
this year, on track to meet its $2 billion target by 2023.

Comparable sales at Gap Global grew 3% during the quarter vs. 2019
levels, driven by better inventory and enhancements to the customer
experience both in stores and online. S&P believes the changes
being implemented within its European business, including shifting
to a partnership model and shuttering its stores in Ireland and the
U.K., will benefit margins and enhance profitability over time.

Performance at Banana Republic improved sequentially, but
comparable sales trends remain negative relative to 2019. The
brand's focus on occasion wear has contributed to its slower
recovery. S&P believes efforts to restore relevance will take time
and pricing strategies may encounter resistance from a customer
base accustomed to discounts and promotions.

S&P said, "Topline trends and expense reduction initiatives are
driving operating margins higher but operating risks remain and we
expect competitive dynamics will intensify. We believe Gap Inc. is
making progress towards achieving its goal of expanding operating
margin to 10% by 2023. Operating income rebounded significantly
this quarter, benefiting from sales recovery, higher merchandise
margin, and reduced store expenses. Digital sales growth, store
closures, and lower rents enabled the company to better leverage
its fixed costs. Additionally, a less promotional environment and
tighter inventory resulted in less discounting across all of Gap
Inc.'s brands, leading to more than 100 basis points (bps) of
merchandise margin expansion compared to 2019. We expect Gap to
continue to invest heavily in its omnichannel capabilities as
digital sales growth remains elevated. The company's ability to
reduce fixed costs, expand product margins, and drive sales volume
on a sustained basis will be critical to offsetting the structural
cost pressures that accompany the sales channel shift to online.

"While the company's sales and margin targets are achievable in our
view, fashion misses (which have hampered performance in the past)
and heightened competition from both established and new entrants
could pose challenges. Operating conditions also remain in flux as
the spread of the Delta variant has led to a surge in COVID-19
cases and rising hospitalizations. Supply chain headwinds,
inflation, and rising wage pressure are additional challenges that
Gap Inc. will need to navigate. We still believe Gap Inc. is
susceptible to downside risk in light of its highly discretionary
merchandise offering, still-elevated exposure to mall traffic, and
ongoing turnaround initiatives at its mature brands. As a result,
we continue to apply a negative comparable rating analysis
modifier."

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

Social: Health and Safety

The positive outlook reflects the potential for a higher rating if
Gap Inc. can sustainably expand the sales of its higher-growth,
more-profitable brands and strengthen relevance at its mature
brands while maintaining its existing conservative financial
policy.

S&P could raise its rating if:

-- Gap Inc. builds on its current operating momentum and we
believe it is on target to achieving key performance milestones,
including expanding operating margin to 10% by 2023; and

-- It maintains a consistent financial policy that supports funds
from operations (FFO) to debt at or above 35%.

S&P could revise the outlook to stable if:

-- Operating performance stabilizes at lower levels than S&P
currently forecasts, possibly due to competitive headwinds
intensifying or deteriorating operating environment conditions.

-- Gap Inc. shifts to a less conservative financial policy.



GAUCHO GROUP: Incurs $1.3 Million Net Loss in Second Quarter
------------------------------------------------------------
Gaucho Group Holdings, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
of $1.32 million on $340,360 of sales for the three months ended
June 30, 2021, compared to a net loss of $1.51 million on $117,332
of sales for the three months ended June 30, 2020.

For the six months ended June 30, 2021, the Company reported a net
loss of $2.46 million on $615,399 of sales compared to a net loss
of $2.80 million on $414,318 of sales for the six months ended June
30, 2020.

As of June 30, 2021, the Company had $13.96 million in total
assets, $4.62 million in total liabilities, and $9.33 million in
total stockholders' equity.

Gaucho Group stated, "Since inception, our operations have
primarily been funded through proceeds received in equity and debt
financings. We believe we have access to capital resources and
continue to evaluate additional financing opportunities.  There is
no assurance that we will be able to obtain funds on commercially
acceptable terms, if at all.  There is also no assurance that the
amount of funds we might raise will enable us to complete our
development initiatives or attain profitable operations."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1559998/000149315221020120/form10-q.htm

                         About Gaucho Group

Headquartered in New York, NY, Gaucho Group Holdings, Inc. --
http://www.algodongroup.com-- was incorporated on April 5, 1999.  
Effective Oct. 1, 2018, the Company changed its name from Algodon
Wines & Luxury Development, Inc. to Algodon Group, Inc., and
effective March 11, 2019, the Company changed its name from Algodon
Group, Inc. to Gaucho Group Holdings, Inc. Through its wholly-owned
subsidiaries, GGH invests in, develops and operates real estate
projects in Argentina. GGH operates a hotel, golf and tennis
resort, vineyard and producing winery in addition to developing
residential lots located near the resort.  In 2016, GGH formed a
new subsidiary and in 2018, established an e-commerce platform for
the manufacture and sale of high-end fashion and accessories. The
activities in Argentina are conducted through its operating
entities: InvestProperty Group, LLC, Algodon Global Properties,
LLC, The Algodon - Recoleta S.R.L, Algodon Properties II S.R.L.,
and Algodon Wine Estates S.R.L. Algodon distributes its wines in
Europe through its United Kingdom entity, Algodon Europe, LTD.

Gaucho Group reported a net loss of $5.78 million for the year
ended Dec. 31, 2020, compared to a net loss of $6.95 million for
the year ended Dec. 31, 2019.


GAUCHO GROUP: Six Proposals Approved at Annual Meeting
------------------------------------------------------
Gaucho Group Holdings, Inc. convened its 2021 Annual Stockholder
Meeting, at which the stockholders:

   (1) elected Peter J.L. Lawrence to serve a three-year term as a
       Class II director until his successor is elected and
       qualified;

   (2) approved the issuance of an additional 10,000,000 shares of

       common stock pursuant to an equity line of credit with
Tumim
       Stone Capital LLC;

   (3) approved the amendment to the 2018 Equity Incentive Plan
       thereby increasing the number of shares available for awards

       under the plan to 15% of the Company's common stock
       outstanding on a fully diluted basis as of the date of
       stockholder approval;

   (4) approved the purchase of Argentina real estate from
Hollywood
       Burger Holdings, Inc.;

   (5) approved the purchase of shares of the remaining 21% of
       common stock of Gaucho Group, Inc.;

   (6) ratified and approved Marcum, LLP as the Company's
       independent registered accounting firm for the year ended
       Dec. 31, 2021; and

   (7) rejected the proposal to cancel for cause the employment
       contract with Scott L. Mathis, CEO.

                        About Gaucho Group

Headquartered in New York, NY, Gaucho Group Holdings, Inc. --
http://www.algodongroup.com-- was incorporated on April 5, 1999.  
Effective Oct. 1, 2018, the Company changed its name from Algodon
Wines & Luxury Development, Inc. to Algodon Group, Inc., and
effective March 11, 2019, the Company changed its name from Algodon
Group, Inc. to Gaucho Group Holdings, Inc.  Through its
wholly-owned subsidiaries, GGH invests in, develops and operates
real estate projects in Argentina.  GGH operates a hotel, golf and
tennis resort, vineyard and producing winery in addition to
developing residential lots located near the resort.  In 2016, GGH
formed a new subsidiary and in 2018, established an e-commerce
platform for the manufacture and sale of high-end fashion and
accessories.  The activities in Argentina are conducted through its
operating entities: InvestProperty Group, LLC, Algodon Global
Properties, LLC, The Algodon - Recoleta S.R.L, Algodon Properties
II S.R.L., and Algodon Wine Estates S.R.L. Algodon distributes its
wines in Europe through its United Kingdom entity, Algodon Europe,
LTD.

Gaucho Group reported a net loss of $5.78 million for the year
ended Dec. 31, 2020, compared to a net loss of $6.95 million for
the year ended Dec. 31, 2019.  As of March 31, 2021, the Company
had $11.46 million in total assets, $3.18 million in total
liabilities, and $8.28 million in total stockholders' equity.


GEX MANAGEMENT: CEO Issues Shareholder Letter
---------------------------------------------
GEX Management Inc issued a Letter to Shareholders from Joseph
Frontiere, the Company's recently appointed CEO, dated Sept. 1,
2021.

Dear Shareholders,

As the new CEO of GEX Management, Inc (OTC: GXXM), I am issuing
this Shareholder Letter to share the company's Corporate Vision and
our plans to build on the 2021 Strategic Roadmap laid out by the
management team earlier this year.

My focus as the incoming CEO has been to expand the capabilities of
our Enterprise Technology Consulting practice and, in particular,
focus on cutting edge technologies related to the Decentralized
Financing (DeFi) industry.  According to an April 2021 article in
Coin Gekko, the DeFi industry has achieved a market capitalization
of close to $128 billion and lies at the core of the crypto-market
where lending and trading activities are carried out utilizing
blockchain networks that use tokens as proceeds and collateral.  A
primary goal of GEX as a player in this industry will be to bridge
the gap between traditional and decentralized financial markets for
major participants.  As a rapidly emerging area primed for hyper
growth over the next several years, we believe that DeFi has the
potential to significantly disrupt the financial services industry.
DeFi has started to gain significant traction among both
institutional and retail investors who are seeking to achieve alpha
returns in their portfolio by exploiting the potential advantages
offered within the space of distributed finance.  The reluctance of
major banks to adopt crypto/ DeFi alternatives is allowing for the
massive growth of crypto trading throughout the world, generating
the need for alternate payment systems and alternative data sets
generated by DeFi technologies.

As an early innovator in this space, GEX is in the process of
establishing the infrastructure and resources to run a DeFi focused
Data Lab by leveraging the significant foundational frameworks
established by our data scientists in the area of decentralized
exchanges.  In particular, our Data Lab builds and refines
alternate data sets using advanced business intelligence models,
machine learning algorithms and predictive analytics to develop
advanced business insights that delivers us a competitive edge in
achieving significant monetization within the multi-billion dollar
DeFi industry.  To ensure a consistent source of cryptocurrency
data and access to cryptocurrency subject matter experts, the Data
Lab ensures we have access to raw cryptocurrency data in real time
before it is made available to other business intelligence firms.
This ensures that our data warehouse servers are updated with
cryptocurrency transaction data within minutes of each transaction.
Our deep research expertise and strategic investment into this
technology has provided us with access to major cryptocurrency
influencers around the world and helped us establish significant
strategic partnerships with world leading data scientists who have
shown particular interest in enhancing our understanding of the
DeFi space.

Our advanced DeFi focused data analytics and market insights can be
leveraged by our technology users and business partners to invest
in cryptocurrency assets, participate in cryptocurrency liquidity
pools and yield farming to achieve potentially superior returns in
their portfolio.  Additionally, our technology collects, processes,
organizes data from external sources, prepares it for analysis, and
creates artificial intelligence (AI) models that provides market
trends, answers market queries, and creates data visualizations.
Our BI Insights and Analytics dashboards makes analytic results and
prediction models available to our clients for operational
decision-making and strategic planning.  The goal of our DeFi
Business Intelligence initiatives is to drive clients towards
better business and investment decisions related to blockchain,
cryptocurrencies, and non-fungible assets (NFTs).  This enables
organizations and investors to increase revenue, improve
operational efficiency, and gain competitive advantages in the
cryptocurrency marketplace. To achieve these goals, our technology
incorporates a combination of traditional data warehousing,
artificial intelligence, mathematical modeling, plus various
methodologies for managing and analyzing data.

We are already seeing significant growth synergies within our
Strategy and Enterprise Technology Consulting practices as a result
of the growing demand from our existing clients who are eager to
leverage DeFi related technology and data insights for their
specific needs.  For instance, one of our clients anticipate the
launch of their first DeFi exchanges by leveraging our technology
in September 2021; additionally, we have been approached by
numerous other clients interested in establishing similar exchanges
with the help of our DeFi focused technology and business
intelligence consulting product offerings.  Despite these immediate
revenue generation opportunities, we believe our long term value
proposition would be to allow users of our proprietary DeFi
technology platform and business insight solutions to help them
establish arbitrage positions across various DeFi protocols and
potentially swap over 1,700 coins in the market-place via business
insight-driven volume transactions.  Our first mover advantage in
this space backed by our proprietary AI based technology platform
and leading industry subject matter experts has already fast
tracked us to one of the market leader positions in the rapidly
evolving DeFi space.

To take full advantage of the advanced DeFi focused analytic
models, GEX is in the process of reviewing the potential launch of
a GEX Fund, which would use Business intelligence to strategically
invest in cryptocurrency liquidity pools, yield farms, and flash
loans.  The GEX Fund would use models from its Business
Intelligence Product Ecosystem to gain a potential competitive edge
over other crypto currency investors and leverage the Business
Insights gained from its investment decisions to feed data back
into its proprietary artificial intelligence models to help improve
its prediction models and data sets.

I look forward to reporting on our successful journey together in
helping make DeFi a success story for GEX and continue our onward
and upward journey towards another successful year!

Joseph Frontiere
CEO, GEX Management, Inc.

                       About GEX Management

GEX Management -- http://www.gexmanagement.com-- is a management
consulting company providing Strategy and Enterprise Technology
Consulting solutions to public and private companies across a
variety of industry sectors.

GEX Management reported a net loss of $224,947 in 2020, a net loss
of $100,200 in 2019, and a net loss of $5.10 million in 2018.  As
of June 30, 2021, the Company had $3.40 million in total assets,
$5.05 million in total liabilities, and a total shareholders'
deficit of $1.64 million.



GLOBAL FOODS: Subchapter V Plan Confirmed by Judge
--------------------------------------------------
Judge Bianca M. Rucker has entered an order confirming the Chapter
11 Small Business Subchapter V Plan and Combined Disclosure
Statement of Global Food Group, Inc.

At the hearing, counsel for Debtor proposed the following two oral
amendments to the Plan:

     * Global shall have the option to cure the missed monthly
payment owed to Arkansas Development Finance Authority, a secured
creditor, on or before October 1, 2021, by making the payment from
cash flows of Debtor or through the payment being made by a
guarantor on the debt. In the event the payments are made by the
guarantors, Global shall be obligated to the guarantor on a
postpetition basis.

     * Global, in its sole and absolute discretion and business
judgment, shall have the right to prepay the payments to class 6
creditors, in whole or part, without penalty or discount.

Upon consideration of the Plan, the Objection filed by Mattfield
Farms, Inc. f/k/a Metro Foods Inc., the testimony of Robbie Brown,
the president and chief executive officer of Debtor, and Tim Bunch,
the Debtor's retained certified public accountant, other evidence
and proof, the Court finds and orders that the Objection is
overruled and Debtor has established its burden of proof for all of
the required elements of 11 U.S.C. Sec. 1129 and 1191.

A copy of the Plan Confirmation Order dated August 30, 2021, is
available at https://bit.ly/3kMc0om from PacerMonitor.com at no
charge.

Attorneys for Debtor:

     Charles T. Coleman, Esq.
     Jacob P. Fair, Esq.
     Wright, Lindsey & Jennings, LLP.
     200 West Capitol Avenue, Suite 2300
     Little Rock, AR 72201-3699
     Phone: (501) 371-0808
     Fax: (501) 376-9442
     Email: ccoleman@wlj.com
            jfair@wlj.com

                     About Global Foods Group

Global Foods Group, Inc. is the fee simple owner of a property
located at 245 Quality Drive, Clinton, Ark., valued at $2.9
million.

Global Foods Group filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ark. Case No.
21-10758) on March 20, 2021.  Robble Brown, president, signed the
petition.  At the time of the filing, the Debtor disclosed
$7,103,607 in total assets and $6,964,186 in total liabilities.
Judge Ben T. Barry oversees the case.  The Debtor tapped Wright,
Lindsey & Jennings, LLP and Timothy A. Bunch CPA, P.A. as its legal
counsel and accountant, respectively.


GREEN COUNTRY ENERGY: S&P Cuts $319MM Sec. Notes Rating to 'CCC-'
-----------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Green Country
Energy LLC's (GCE) $319 million senior secured notes to 'CCC-' from
'CCC', reflecting its view that the project will likely default
without an unforeseen positive development within the next six
months. The '1' recovery rating is unchanged (90%-100%; rounded
estimate: 95%), indicating its expectation for very high recovery
in a default.

S&P's negative outlook reflects its view that in the absence of an
economically equivalent contract to cover the 2022-2024 period, or
any other mitigating factor such as financial support from its
sponsor, the project is vulnerable to default.

GCE is a 795-megawatt (MW) natural-gas-fired combined cycle power
plant in Jenks, Okla. The project began operating in February 2002,
and it has a 20-year tolling agreement with Exelon Generation Co.
LLC (Exelon) ending February 2022. The project and its holding
company are bankruptcy-remote from parent J-Power USA Generation
L.P., a joint venture between John Hancock Life Insurance Co. and
J-Power North America Holdings Co. Ltd.

S&P said, "Under our base-case forecast, we do not expect the
project to have sufficient funds to cover the early mandatory
payment. Since 2017 , the project has been using a mandatory cash
trap fund to set aside money to pay the early redemption payment.
Our projections reflect a shortfall of about $14 million to meet
the payment, after accounting for the money in cash trap account
and the DSR funds. If a redemption payment deficit occurs without
an alternate liquidity source, the project will likely default.

"We note that our 'CCC-' rating on this project is driven more by
the project's unsustainable financial commitments than by the
probability of default. This is because we view that the parent has
incentives to cover the shortfall rather than lose the asset to
lenders over a relatively small sum. However, there is no legal
obligation to do it. The project is ring-fenced from its sponsors
and a default on the project will not trigger a default on its
sponsors. The sponsors are investing in maintenance more than what
would be required to operate the plant to the maturity date. In our
view, there are at least 10 years of additional life remaining for
the asset, suggesting that economic incentives could be sufficient
for the sponsor to avoid a default. Project sponsor J-Power USA has
a $25 million working capital facility at its disposal to cover any
mandatory redemption shortfall.

"Our recontracting assumption is still pivotal. If recontracting
occurs, the mandatory redemption would not apply, and our rating on
the project would likely be higher. But an early redemption
requirement--which was triggered under the project's bond indenture
in February 2017 when the project's power contract with Exelon was
not renewed--in the bond indenture effectively forces the project
to generate enough cash flow to pay for two years of annual debt
service, on top of the principal and interest due.

"GCE has sought substitute power contracts, but none to date would
be sufficiently similar to the Exelon terms to avoid the early
redemption. Market conditions could allow the project to sign
additional contracts and avoid early redemption, but we view this
as less likely and reflect this in our negative outlook. In
November 2020, GCE signed a three-year power purchase agreement
starting in June 2022 at 240 MW, increasing to 440 MW for the
following two years. GCE's bond indenture allows for the redemption
payment to be lifted from the project only if its agreement with
Exelon ending in February 2022 is replaced with an economically
equivalent contract. Because the new power contract produces lower
cash flow than the Exelon agreement, the redemption payment
remains."

The project's operational performance so far this year reflects
high peak and nonpeak availability factors. The 'CCC-' rating on
the project does not reflect any concern or issues with the
project's operational performance, which has improved since 2019.
The project's peak availability factor was strong at about 98% for
full-year 2020 and about 99% year-to-date 2021. The forced outage
rate hours were 136 in 2020, down from 145 in 2019 and 336 in 2018.
So far in 2021, GCE has reported 127 forced outage rate hours.

S&P said, "The negative outlook reflects our view that in the
absence of a contract to cancel the early mandatory redemption
payment of $54.7 million due in February 2022, the project is
vulnerable to default because it does not have sufficient liquidity
(without resorting to external liquidity such as equity or support
from parent) to make the payment.

"We would likely lower the rating over the six months, if there is
no contract or other mitigating factor in place such as an equity
injection, which can pay in full the outstanding debt due in Feb.
2022. We could also lower ratings if it appears that the project
will enter a distressed debt exchange under which the lenders will
not get any compensation if they agree to defer the payment of
debt.

"We will likely raise the rating if the project is able to pay the
early mandatory redemption amount in full at the due date. We would
expect the project to re-capitalize at that point. The extent of
ratings uplift would depend upon the new capital structure.
Alternately, a less likely scenario for upgrade could arise, if the
project extends its CSA or favorably changes the terms and
conditions of its agreements, such that the requirement for the
mandatory redemption is terminated."



GREENSILL CAPITAL: To Pursue Over $65M in Retained Causes of Action
-------------------------------------------------------------------
Greensill Capital Inc. filed with the U.S. Bankruptcy Court for the
Southern District of New York a Chapter 11 Plan of Liquidation and
a Disclosure Statement explaining the Plan.

The Plan is centered around (i) the sale of the Debtor's 100%
ownership interest in Finacity Corporation to White Oak Global
Advisors, LLC, and (ii) the Global Settlement.  The Finacity Sale
and the Global Settlement, according to the Debtor, is the result
of negotiations among the Debtor, the Creditors' Committee,
Greensill Capital (UK) Limited (GCUK), the Katz Parties -- Adrian
Katz, Dana Katz, and the Katz Family Trust -- as the Stalking Horse
Bidder, and other interested parties.

Pursuant to the Global Settlement, and subject to the Effective
Date, GCUK has agreed to subordinate its $52,840,507 claim to
General Unsecured Claims and receive only 20% of the Liquidation
Trust Net Recovery until Allowed General Unsecured Claims are paid
in full, and then 100% of the Liquidation Trust Net Recovery
thereafter.

The Debtor has liquidated its primary tangible asset and the
remaining assets consist almost entirely of potential Causes of
Action.  The Plan contemplates payment in full of Priority Wage
Claims aggregating $830,000 and the funding of the Liquidation
Trust with the remaining Sale Proceeds and cash on hand to pursue
over $65,000,000 in Retained Causes of Action.  The Plan further
provides that the Liquidation Trust will be funded with an initial
minimum reserve of $250,000.

According to the Plan, all recoveries made from Retained Causes of
Action effected before the Effective Date will be allocated solely
to payment of Allowed General Unsecured Claims, which are estimated
to be between $5,000,000 to $7,000,000.

A copy of the Disclosure Statement is available for free at
https://bit.ly/3mVcbAo from Stretto, claims agent.

The deadline to vote on the Plan is 5 p.m. (prevailing Eastern
Time) on October 1, 2021.  

Counsel for the Debtor:

   Albert Togut, Esq.
   Kyle J. Ortiz, Esq.
   Bryan M. Kotliar, Esq.
   Amanda C. Glaubach, Esq.
   Togut, Segal & Segal LLP
   One Penn Plaza, Suite 3335
   New York, NY 10119
   Telephone: (212) 594-5000

                      About Greensill Capital

Greensill is an independent financial services firm and principal
investor group based in the United Kingdom and Australia.  It
offers structures trade finance, working capital optimization,
specialty financing and contract monetization. Greensill Capital
Pty is the parent company for the Greensill Group.

Greensill began to unravel in March 2021 when its main insurer
stopped providing credit insurance on US$4.1 billion of debt in
portfolios it had created for clients including Swiss bank Credit
Suisse.

Greensill Capital (UK) Limited and Greensill Capital Management
Company (UK) Limited filed for insolvency in Britain on March 8,
2021. Matthew James Byrnes, Philip Campbell-Wilson and Michael
McCann of Grant Thornton were appointed as administrators.

Greensill Capital Pty Ltd. filed insolvency proceedings in
Australia. Matt Byrnes, Phil Campbell-Wilson, and Michael McCann of
Grant Thornton Australia Ltd, were appointed as voluntary
administrators in Australia.

Greensill Capital Inc. filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Case No. 21-10561) on March 25, 2021. Jill M. Frizzley,
director, signed the petition. In the petition, the Debtor listed
assets of between $10 million and $50 million and liabilities of
between $50 million and $100 million. The case is handled by Judge
Michael E. Wiles.

In the Chapter 11 case, the Debtor tapped Segal & Segal LLP as
bankruptcy counsel, Mayer Brown LLP as special counsel, and GLC
Advisors & Co., LLC and GLCA Securities, LLC as investment bankers
and financial advisors.  Matthew Tocks is the chief restructuring
officer of the Debtor.  The official committee of unsecured
creditors is represented by Arent Fox LLP.

Greensill Capital (UK) Limited filed a Chapter 15 petition (Bankr.
S.D.N.Y. Case No. 21-11473) to seek U.S. recognition of its UK
proceedings on Aug. 18, 2021. ALLEN & OVERY LLP, led by Laura R.
Hall, is the Debtor's counsel in the Chapter 15 case.




HEATH V. FULKERSON: Seeks to Tap Gabriel Liberman as Legal Counsel
------------------------------------------------------------------
Heath V. Fulkerson, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of California to employ the Law
Offices of Gabriel Liberman, APC to serve as legal counsel in its
Chapter 11 case.

The firm will render these legal services:

     (a) assist the Debtor to execute its duties; and

     (b) implement the restructuring and reorganization of the
Debtor.

The firm received a post-petition retainer of $5,000 from a
third-party entity.

The hourly rates of the firm's attorneys and staff are as follows:

     Gabriel E. Liberman   $315 per hour
     Paraprofessionals     $150 per hour

In addition, the firm will seek reimbursement for expenses
incurred.

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

The firm can be reached through:

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

                   About Heath V. Fulkerson LLC

Heath V. Fulkerson LLC filed its voluntary petition for Chapter 11
protection (Bankr. E.D. Calif. Case No. 21-22898) on July 28, 2021,
disclosing up to $10 million in assets and up to $500,000 in
liabilities.  Heath V. Fulkerson, managing member, signed the
petition.  Judge Fredrick E. Clement oversees the case. The Law
Offices of Gabriel Liberman, APC serves as the Debtor's legal
counsel.


HOLLEY PURCHASER: Moody's Hikes CFR to B2 & Alters Outlook to Pos.
------------------------------------------------------------------
Moody's Investors Service upgraded Holley Purchaser, Inc.'s
corporate family rating to B2 from B3 and probability of default
rating to B2-PD from B3-PD, and affirmed the senior secured first
lien bank credit facilities rating at B2. Moody's also assigned a
SGL-2 speculative grade liquidity rating. The rating outlook has
been changed to positive from stable.

The upgrade reflects both the ongoing improvement in Holley's
operating performance and its transition to being a publicly-traded
company following the completion of its business combination with
Empower, Ltd., a special purpose acquisition company, or SPAC, in
July 2021. Holley utilized $100 million of proceeds from the
transaction to pay down a portion of its more expensive second lien
term loan, thus reducing interest expense and resulting in pro
forma financial leverage of 3.9x debt/EBITDA at the end of June
2021.

Moody's views Holley's transition to a public company favorably as
it improves transparency through the provision of public filings
and the company's market access. Further, management has provided a
more transparent financial policy with publicly communicated target
leverage ratios. However, Holley's former private equity ownership
maintains a 57% equity stake in the company, and Moody's expects
Holley to remain active in pursuing acquisitions. Nonetheless,
Moody's expects debt/EBITDA to remain around 4x through 2022 with
strong earnings on moderate organic revenue growth.

The positive outlook reflects the potential for Holley to
demonstrate a track record of executing on its stated financial
policy goals as a public company, which if executed could support
financial leverage being maintained below 4x debt/EBITDA on a
Moody's adjusted-basis.

Upgrades:

Issuer: Holley Purchaser, Inc.

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

Corporate Family Rating, Upgraded to B2 from B3

Assignments:

Issuer: Holley Purchaser, Inc.

Speculative Grade Liquidity Rating, Assigned SGL-2

Affirmations:

Issuer: Holley Purchaser, Inc.

Senior Secured Bank Credit Facility, Affirmed B2 (LGD3)

Outlook Actions:

Issuer: Holley Purchaser, Inc.

Outlook, Changed To Positive From Stable

RATINGS RATIONALE

Holley's ratings reflect the company's strong competitive position
in the niche market for performance automotive aftermarket
products, moderate financial leverage and good liquidity. Holley
maintains a leading market share across its core products and
generates almost half its revenue through e-commerce, including
ongoing growth in the company's own direct-to-consumer sales. This
sales channel is higher margin than more traditional retail and
wholesale channels, and growth in direct-to-consumer sales has
contributed to EBITA margins that are expected to remain above
20%.

The ratings also reflect Holley's modest revenue scale, focus on
highly discretionary products and a history of pursuing debt-funded
acquisitions. Following substantial growth during the pandemic,
Moody's maintains the view that Holley's organic growth rate will
moderate to about 5% in 2022 as greater options for consumer
discretionary income return given the economic recovery. Moody's
expects Holley to pursue acquisitions to increase its scale and
product offering, especially given the fragmented nature of the
performance automotive aftermarket space. Moody's anticipates
future acquisitions will likely be partially debt-funded.

Holley's SGL-2 speculative grade liquidity rating reflects its good
liquidity supported by Moody's expectation for strong free cash
flow to debt of about 10% in 2022. Holley's good free cash flow
reflects the company's high margin, efficient working capital
management and modest capital expenditures. The company's liquidity
is also supported by full availability of a $50 million revolving
credit facility due 2023.

The B2 rating for the first lien credit facilities is in line with
Holley's CFR as this debt no longer benefits from the loss
absorption provided by the company's second lien debt following the
$100 million pay down of that tranche.

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

The ratings could be upgraded if Holley demonstrates a supportive
financial policy around acquisitions and/or shareholder returns
such that debt/EBITDA is expected to be sustained below 4x.
Consistently strong organic revenue growth and maintaining good
liquidity with free cash flow to debt sustained above 10% could
also support an upgrade.

The ratings could be downgraded if Holley engages in an aggressive
financial policy of debt funded acquisitions and/or shareholder
returns that result in debt/EBITDA above 5.5x. Deteriorating
operating results, including organic revenue declines and material
EBITA margin compression, could also pressure the ratings. In
addition, a weaking of liquidity with free cash flow trending
toward breakeven could result in a downgrade.

Holley Purchaser, Inc. (Holley), headquartered in Bowling Green,
KY, designs and manufactures performance engine products for the
enthusiast focused automotive aftermarket. The company's product
offerings include electronic fuel injection and tuner systems,
ignition controls, carburetors, superchargers, exhaust systems and
other products designed to enhance the performance of the car.
Revenue for the twelve months ended June 2021 was $625 million.

The principal methodology used in these ratings was Automotive
Suppliers published in May 2021.


HWY 24 LUMBER: Resolves NG Solutions' Disputes; Plan Confirmed
--------------------------------------------------------------
Judge Brenda T. Rhoades has entered an order confirming the Amended
Plan of Reorganization of HWY 24 Lumber & Feed, Inc.

The Plan has been proposed in good faith and not by any means
forbidden by law. The requisite number of impaired classes of
claims or interests voting have voted to accept the Plan.

The identity, qualifications, and affiliations of the persons who
are to serve the Debtor, after Confirmation of the Plan, have been
fully disclosed, and the appointment of such persons to such
offices, or their continuance therein, is equitable, and consistent
with the interests of the creditors and equity security holders and
with public policy.

The Debtor and the objecting Creditor NG Solutions, LLC announced
to the Court a resolution of the Objection to Confirmation which
resolution is contained in the Amended Plan. The resolution
provides NG with an Allowed Secured Claim of $175,000 to be paid in
60 payments with interest at the rate of 5.5% per annum. The
resolution requires NG to dismiss its pending appeal. The
resolution also provides for full releases of any disputes between
NG and the Debtor.

The Debtor reserves the right to object to the amount and allowance
of all claims after Confirmation, except the NG claim. All such
objections shall be filed within 60 days of the Effective Date, as
defined in the Plan.

A copy of the Plan Confirmation Order dated August 30, 2021, is
available at https://bit.ly/3zLUMxK from PacerMonitor.com at no
charge.

Attorneys for the Debtor:

     Eric A. Liepins, Esq.
     Eric A. Liepins, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Tel: (972) 991-5591
     Fax: (972) 991-5788

                    About HWY 24 Lumber & Feed

HWY 24 Lumber & Feed, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Tex. Case No. 20-42468) on Dec.
16, 2020.  At the time of filing, the Debtor disclosed less than
$50,000 in assets and up to $1 million in liabilities.

Judge Brenda T. Rhoades oversees the case.

Eric A. Liepins, P.C., serves as the Debtor's legal counsel.  NG
Solutions, LLC, as Lender, is represented by Russell W. Mills. Esq.
and J. Reid Burley, Esq. at Bell Nunnally & Martin LLP.


INDIGO NATURAL: S&P Upgrades ICR to 'BB', Outlook Positive
----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Indigo
Natural Resources LLC to 'BB' from 'B+' and removed it from
CreditWatch, where S&P placed it with positive implications on June
2, 2021. The rating outlook is positive, the same as its outlook on
Southwestern.

Subsequent to this, S&P withdrew its issuer credit rating on
Indigo.

S&P said, "We are raising the rating on Indigo's senior unsecured
notes that were not part of the exchange to 'BB' from 'BB-' and
removing the rating from CreditWatch. We have subsequently
withdrawn the issue-level rating.

"The rating actions follow the closing of Southwestern's
acquisition of Indigo. We raised our issuer credit rating on Indigo
to 'BB' with a positive outlook to equalize it with that of
Southwestern because we now consider Indigo to be a core entity of
the company. We subsequently withdrew our issuer credit rating on
Indigo.

"At the same time we raised our issue-level rating on Indigo's
unsecured notes to 'BB' from 'BB-', in line with our rating on
Southwestern's unsecured debt. We have subsequently withdrawn the
issue-level rating."



INTELSAT SA: Convertible Noteholders Say Plan Still Unconfirmable
-----------------------------------------------------------------
The Ad Hoc Group of 4.5% convertible notes due 2025 (the
"Convertible Notes" and the holders thereof, the "Convertible
Noteholders") issued by Intelsat S.A., creditors, filed an amended
objection to the motion of Intelsat S.A. and its Debtor Affiliates
for entry of an Order Approving the Adequacy of the Disclosure
Statement.

Debtor ISA is back before this Court asking for permission to
solicit essentially the same plan as in February. The plan was
unconfirmable then; it is unconfirmable now. The last six months
have been a waste, as would be soliciting votes on a plan that is
dead on arrival.

Besides the flawed Plan Settlements, the ISA Proposed Amended Plan
is patently unconfirmable and doomed for failure for the following
additional reasons:

     * No Impaired Accepting Class: Absent allowance of the
Guarantee Reinstatement Claims (which, as described in numerous
pleadings, will not occur), given that the Ad Hoc Group intends to
vote to reject the Amended Plan, the ISA Proposed Amended Plan
lacks an impaired accepting creditor class in violation of section
1129(a)(10) of the Bankruptcy Code.

     * Absolute Priority Rule: Even if there were a consenting
impaired class of creditors under the ISA Proposed Amended Plan,
the ISA Proposed Amended Plan cannot meet the requirements for
cramdown of the class of Convertible Notes inasmuch as the class of
ISA's equity interests is receiving or retaining value.

     * Best Interests Test: The ISA Proposed Amended Plan cannot
satisfy the best interests test with respect to the Convertible
Notes because the Debtors' liquidation analysis fails to account
for ISA's entitlement to (a) the Accelerated Relocation Payments,
(b) various intercompany debt claims, (c) its debtless
subsidiaries' - Holdings and Investments -- tax attributes and
attendant litigation claims, and (d) its debtless subsidiary's –
Holdings SARL -- consent right over the equity issuance at
Holdings.

     * Lack of Good Faith: The Proposed Amended Plan was not
proposed in good faith, as evidenced by (i) the Plan Settlements,
which were manufactured to justify a predetermined allocation of
value to certain estates and hand-picked creditors over others
without any regard for the underlying merits of the to-be-settled
claims and (ii) the mechanisms meant to empower creditors asserting
Guarantee Reinstatement Claims and to bind ISA permanently to the
inter-estates settlements and to fiduciary releases regardless of
confirmation of the ISA Proposed Amended Plan, all of which are
meant to sideline the Convertible Notes.

     * Improper Releases: The Debtor Release and Third-Party
Release are improper and not supported by adequate consideration.
The Debtor Release is particularly inappropriate inasmuch as it
purports to release estate claims and causes of action against
ISA's directors and officers, even if confirmation of the ISA
Proposed Amended Plan is denied.

A full-text copy of Convertible Noteholders' objection dated August
30, 2021, is available at https://bit.ly/3yEmwTi from Stretto, the
claims agent.

Counsel for the Ad Hoc Group of Convertible Noteholders:

     STROOCK & STROOCK & LAVAN LLP
     Kristopher M. Hansen
     Daniel A. Fliman
     Sayan Bhattacharyya
     Isaac S. Sasson
     180 Maiden Lane
     New York, NY 10038
     Tel: (212) 806-5400
     E-mail: khansen@stroock.com
             dfliman@stroock.com
             sbhattacharyya@stroock.com
             isasson@stroock.com     

     BOIES SCHILLER FLEXNER LLP
     Duane L. Loft
     55 Hudson Yards
     New York, NY 10001
     Tel: (212) 909-7606
     E-mail: dloft@bsfllp.com

     Marc V. Ayala
     333 Main Street
     Armonk, NY 10504
     Tel: (914) 749-8200
     E-mail: mayala@bsfllp.com

     NELSON MULLINS RILEY & SCARBOROUGH LLP
     H. Jason Gold
     Dylan G. Trache
     101 Constitution Ave. NW, Suite 900
     Washington, DC 20001
     Tel: (202) 689-2800
     E-mail: jason.gold@nelsonmullins.com
             dylan.trache@nelsonmullins.com

                      About Intelsat S.A.

Intelsat S.A. -- http://www.intelsat.com/-- is a publicly held
operator of satellite services businesses, which provides a diverse
array of communications services to a wide variety of clients,
including media companies, telecommunication operators, internet
service providers, and data networking service providers. It is
also a provider of commercial satellite communication services to
the U.S. government and other select military organizations and
their contractors.  The company's administrative headquarters are
in McLean, Virginia, and the Company has extensive operations
spanning across the United States, Europe, South America, Africa,
the Middle East, and Asia.

Intelsat S.A. and its debtor-affiliates concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Va. Lead Case No. 20-32299) on May 13, 2020.  The
petitions were signed by David Tolley, executive vice president,
chief financial officer, and co-chief restructuring officer. At the
time of the filing, the Debtors disclosed total assets of
$11,651,558,000 and total liabilities of $16,805,844,000 as of
April 1, 2020.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kutak Rock LLP as legal
counsel; Alvarez & Marsal North America, LLC as restructuring
advisor; PJT Partners LP as financial advisor & investment banker;
Deloitte LLP as tax advisor; and Deloitte Financial Advisory
Services LLP as fresh start accounting services provider. Stretto
is the claims and noticing agent.

The U.S. Trustee for Region 4 appointed an official committee of
unsecured creditors on May 27, 2020. The committee tapped Milbank
LLP and Hunton Andrews Kurth LLP as legal counsel; FTI Consulting,
Inc. as financial advisor; Moelis & Company LLC as investment
banker; Bonn Steichen & Partners as special counsel; and Prime
Clerk LLC as information agent.


INTELSAT SA: Lenders Extend $1.5BB Replacement DIP Loan
-------------------------------------------------------
Intelsat S.A. and affiliates ask the U.S. Bankruptcy Court for the
Eastern District of Virginia, Richmond Division, for authority to,
among other things, use cash collateral and obtain replacement
postpetition financing.

The replacement DIP lenders consist of certain members of the
Jackson Ad Hoc Group and certain members of the Jackson Crossover
Ad Hoc Group.  The DIP Lenders that are members of the Jackson
Crossover Ad Hoc Group will fund 52.0% of the DIP Facility. The DIP
Lenders that are members of the Jackson Ad Hoc Group will fund
48.0% of the DIP Facility.

Following months of extensive negotiations and mediation, the
Debtors executed an amended plan support agreement on August 24,
2021, that is supported by holders of approximately $11 billion in
claims, representing nearly 75% of the Debtors' outstanding
prepetition indebtedness across their capital structure.  The
Debtors also filed the Amended Plan.

According to the Debtors, the execution of the Amended PSA and
filing of the Plan with the support of the vast majority of the
Debtors' key creditor constituents is a pivotal moment in these
cases and lays the groundwork for a comprehensive restructuring
that would reduce the Debtor's funded debt obligations by
approximately $8 billion and position the Company for long-term
success.

Simultaneously, the Debtors completed much of the work required to
clear the C-band spectrum and receive the first of the two
accelerated relocation payments provided for under the Federal
Communications Commission Order, amounting to approximately $1.2
billion.

In spite of these significant achievements, however, the
FCC-directed reimbursement process for the costs and expenses of
clearing the C-band spectrum has not proceeded on the expected
timeline. The Debtors therefore require incremental liquidity in
the lead up to confirmation.

To capitalize on the momentum generated by the Amended PSA and
Amended Plan, and to adjust for these changed circumstances, the
Debtors engaged with their existing DIP lenders to access
additional capital to provide the Debtors with liquidity and
flexibility to continue clearing the C-band spectrum in accordance
with the timeline set forth in the FCC Order and for the benefit of
the Debtors' stakeholders. The Debtors' continued operational
achievements in clearing the C-band spectrum ahead of the
aggressive deadlines in the FCC Order led to a swift capital raise
and another endorsement by the Debtors' creditors of the Company's
long-term value.

The Debtors used the consensus reached on the Amended PSA to engage
in discussions with the ad hoc group of creditors represented by
Akin Gump Strauss Hauer & Feld LLP and advised by Centerview
Partners LLC, and the ad hoc group of creditors represented by
Jones Day and advised by Houlihan Lokey Capital, Inc. regarding the
terms of an incremental debtor-in-possession financing facility.

These discussions ultimately coalesced into the Replacement DIP
Facility. The Replacement DIP Facility will refinance the Existing
DIP Facility and provide an additional $500 million of liquidity to
further facilitate the Debtors' clearing of C-band spectrum in
light of the revised timing forecast for reimbursement of the
Debtors' clearing costs.

As of the filing of the Motion, the DIP Debtors have drawn the
entire $1 billion available under their Existing DIP Facility. The
DIP Debtors seek authorization to borrow up to $1.5 billion under
the DIP Credit Agreement, consisting of:

     (a) a senior secured superpriority term loan facility in an
aggregate principal amount of $1.25 billion, and

     (b) a superpriority delayed draw term loan in an aggregate
principal amount of up to $250 million.

The Closing Date Term Loan Commitment will be available to the
Debtors upon closing in a single draw concurrently with entry of
the Order and the Delayed Draw Term Loan Commitment will be
available in a subsequent draw at the election of the Debtors after
entry of the Order upon 3 business days' prior notice. The
refinancing of the Existing DIP Facility and access to the
incremental capital will ensure that the Debtors remain adequately
capitalized during the chapter 11 cases as they begin the
solicitation on the Amended Plan. These funds will also allow the
Debtors to continue their critical work toward clearing the C-band
spectrum by the accelerated deadlines set by the FCC Order in light
of the delay in the FCC's reimbursement of the reasonable costs and
expenses of clearing the C-band spectrum.

As compared to the Existing DIP Facility, the Replacement DIP
Facility contains a few material differences:

     (a) Increased Principal Amount. An increase in the principal
amount of up to $1.5 billion, from $1 billion. The $1.5 billion
includes a $1 billion term loan to refinance the Existing DIP
Facility, a $250 million incremental term loan to be drawn
immediately, and a $250 million incremental delayed draw term
loan.

     (b) Inflight Working Capital Basket. Increased to an amount
equal to $300 million to fund adjustments to working capital
incident to the Debtors' operation and continued integration of the
Intelsat Inflight LLC's commercial aviation business.

     (c) Option to Extend Maturity Date by 3 Months. The Scheduled
Maturity Date, July 13, 2022, may be extended at the sole option of
the DIP Debtors by up to three months, from July 13, 2022 to
October 13, 2022 if necessary for regulatory approvals.

     (d) Reduced Interest Rate. The drawn portion of the DIP Loans
will bear interest at a rate equal to LIBOR +475bps per annum with
a 1.00% LIBOR floor.
The Replacement DIP Facility also provides the DIP Debtors with the
flexibility to increase the principal amount of funding by $500
million in two $250 million draws, the first of which will be made
upon closing of the Replacement DIP Facility.

The Debtor also requires the use of cash collateral to make
payments on account of the Adequate Protection Obligations and
other obligations provided for in the Existing DIP Order, the Order
and the DIP Documents.

Subject to the Carve Out, the DIP Obligations will be secured by
valid, binding, continuing enforceable, fully-perfected,
non-avoidable, automatically and properly perfected liens on, and
security interests in, all present and after acquired property of
the DIP Debtors:

     a. Pursuant to section 364(d)(1) of the Bankruptcy Code, a
valid, binding, continuing, enforceable, fully perfected first
priority priming security interest and lien on all prepetition and
postpetition property of the DIP Debtors of the same nature, scope,
and type as the Prepetition Collateral; and

     b. Pursuant to section 364(c)(3) of the Bankruptcy Code, be
secured by a valid, binding, continuing, enforceable, fully
perfected junior priority security interest and lien on all
prepetition and postpetition property of the DIP Debtors.

All of the DIP Obligations will constitute allowed superpriority
administrative expense claims against the DIP Debtors on a joint
and several basis (without the need to file any proof of claim)
with priority over any and all claims against the DIP Debtors.

A copy of the motion is available at https://bit.ly/38rTQlU from
PacerMonitor.com.

               About Intelsat S.A.

Intelsat S.A. -- http://www.intelsat.com/-- is a publicly held
operator of satellite services businesses, which provides a diverse
array of communications services to a wide variety of clients,
including media companies, telecommunication operators, internet
service providers, and data networking service providers. It is
also a provider of commercial satellite communication services to
the U.S. government and other select military organizations and
their contractors.  The company's administrative headquarters are
in McLean, Virginia, and the Company has extensive operations
spanning across the United States, Europe, South America, Africa,
the Middle East, and Asia.

Intelsat S.A. and its debtor-affiliates concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Va. Lead Case No. 20-32299) on May 13, 2020.  The
petitions were signed by David Tolley, executive vice president,
chief financial officer, and co-chief restructuring officer. At the
time of filing, the Debtors disclosed total assets of
$11,651,558,000 and total liabilities of $16,805,844,000 as of
April 1, 2020.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kutak Rock LLP as legal
counsel; Alvarez & Marsal North America, LLC as restructuring
advisor; PJT Partners LP as financial advisor & investment banker;
Deloitte LLP as tax advisor; and Deloitte Financial Advisory
Services LLP as fresh start accounting services provider. Stretto
is the claims and noticing agent.

The U.S. Trustee for Region 4 appointed an official committee of
unsecured creditors on May 27, 2020. The committee tapped Milbank
LLP and Hunton Andrews Kurth LLP as legal counsel; FTI Consulting,
Inc. as financial advisor; Moelis & Company LLC as investment
banker; Bonn Steichen & Partners as special counsel; and Prime
Clerk LLC as information agent.



INTELSAT SA: SES Americom Says Amended Disclosures Deficient
------------------------------------------------------------
SES Americom, Inc. filed a supplemental objection to the motion of
Intelsat S.A. and its Debtor Affiliates for entry of an Order
Approving the Adequacy of the Disclosure Statement.

Incredibly, in the months since SES filed its Initial Objection,
the Debtors have taken the position that the allocation of the
Accelerated Relocation Payments reflected in the Initial Disclosure
Statement—a crucial determinant of recoveries for unsecured
creditors of the various Intelsat Debtors, and one of the most
hotly disputed issues in this case—was based on an "error."

Indeed, the Amended Disclosure Statement reveals that under the
Amended Plan, billions of dollars in Accelerated Relocation
Payments will be redistributed from Intelsat Alliance to other
Debtors. This about-face underscores the need for further
disclosures concerning the details, deliberations, and rationale
behind the new allocation of the Accelerated Relocation Payments,
which deprives unsecured creditors of Intelsat US—the Intelsat
entity actually carrying out the C-Band clearing work—of any
substantial recovery in these cases.

In addition to these deficiencies, the Amended Disclosure Statement
contains no information explaining why the Debtors have decided to
allocate 100% of the Accelerated Relocation Payments to the
Prepetition Secured Parties as Cash Collateral. The Accelerated
Relocation Payments the Debtors are expecting to
receive—amounting to approximately $4.9 billion—equate to
nearly 40% of the Debtors' total assets.

SES asserts that the Amended Disclosure Statement must (a) explain
the basis for determining that the Accelerated Relocation Payments
are, in fact, Cash Collateral of the Prepetition Secured Parties,
especially in light of the fact that neither the Debtors nor the
Prepetition Secured Parties have even attempted to demonstrate that
the Accelerated Relocation Payments are Cash Collateral, and (b)
include a discussion of SES's position that the Accelerated
Relocation Payments are not Cash Collateral and that, if these
Payments are not Cash Collateral, recoveries to the unsecured
creditors of the Jackson Subsidiaries, such as SES, would
materially increase.

A full-text copy of SES Americom's objection dated August 30, 2021,
is available at https://bit.ly/3gWOfJ4 from Stretto, the claims
agent.  

Co-Counsel for SES Americom:

     GIBSON, DUNN & CRUTCHER LLP
     Orin Snyder
     Michael A. Rosenthal
     Brian M. Lutz
     Christopher D. Belelieu
     Justine M. Goeke
     200 Park Avenue
     New York, NY 10166-0193
     Tel: (212) 351-4000
     Fax: (212) 351-4035
     E-mail: OSnyder@gibsondunn.com
             MRosenthal@gibsondunn.com
             BLutz@gibsondunn.com
             CBelelieu@gibsondunn.com
             JGoeke@gibsondunn.com

     KAUFMAN & CANOLES, P.C.
     Dennis T. Lewandowski
     Clark J. Belote
     150 W. Main Street, Suite 2100
     Norfolk, VA 23510-1665
     Tel: (757) 624-3252
     Fax: (888) 360-9092
     E-mail: dtlewand@kaufcan.com
             cjbelote@kaufcan.com

                       About Intelsat S.A.

Intelsat S.A. -- http://www.intelsat.com/-- is a publicly held
operator of satellite services businesses, which provides a diverse
array of communications services to a wide variety of clients,
including media companies, telecommunication operators, internet
service providers, and data networking service providers. It is
also a provider of commercial satellite communication services to
the U.S. government and other select military organizations and
their contractors.  The company's administrative headquarters are
in McLean, Virginia, and the Company has extensive operations
spanning across the United States, Europe, South America, Africa,
the Middle East, and Asia.

Intelsat S.A. and its debtor-affiliates concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Va. Lead Case No. 20-32299) on May 13, 2020.  The
petitions were signed by David Tolley, executive vice president,
chief financial officer, and co-chief restructuring officer. At the
time of the filing, the Debtors disclosed total assets of
$11,651,558,000 and total liabilities of $16,805,844,000 as of
April 1, 2020.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kutak Rock LLP as legal
counsel; Alvarez & Marsal North America, LLC as restructuring
advisor; PJT Partners LP as financial advisor & investment banker;
Deloitte LLP as tax advisor; and Deloitte Financial Advisory
Services LLP as fresh start accounting services provider. Stretto
is the claims and noticing agent.

The U.S. Trustee for Region 4 appointed an official committee of
unsecured creditors on May 27, 2020. The committee tapped Milbank
LLP and Hunton Andrews Kurth LLP as legal counsel; FTI Consulting,
Inc. as financial advisor; Moelis & Company LLC as investment
banker; Bonn Steichen & Partners as special counsel; and Prime
Clerk LLC as information agent.


INTELSAT SA: United States Trustee Says Amended Plan Ineffective
----------------------------------------------------------------
John P. Fitzgerald, III, Acting United States Trustee for Region
Four (the "UST"), objects to the Disclosure Statement for the
Amended Joint Chapter 11 Plan of Reorganization of Intelsat S.A.
and its Debtor Affiliates.

The United States Trustee claims that the Amended Disclosure
Statement in its current form cannot be approved because it fails
to provide adequate information as required by section 1125 of the
Bankruptcy Code, and the proposed underlying Amended Plan is
unconfirmable.

The United States Trustee objects to hearing the approval of the
Amended Disclosure Statement on September 1, 2021. The failure to
provide a creditor with formal notice in time to file an objection
to a disclosure statement or plan confirmation may violate due
process and render the plan ineffective as to such creditor.

The United States Trustee objects to the Amended Disclosure
Statement and the proposed solicitation procedures to the extent
that they would deem a Class to have accepted the Amended Plan even
when no votes are received from members of that Class.

The United States Trustee points out that the Debtors have not
demonstrated the appropriateness of the third-party releases and
the exculpation provisions. Furthermore, the Amended Proposed
Solicitation Procedures Order proposes procedures that do not
guarantee adequate notice to affected third parties and do not
render the third-party releases fully consensual.  

The United States Trustee states that absent neither the Amended
Plan nor the accompanying Amended Disclosure Statement discussing
how the releases meet the requirements articulated by Fourth
Circuit case law, based on the record existing in this case, it
does not appear that the Debtors can present sufficient evidence to
satisfy the Berhmann test.

The United States Trustee submits that the third-party release
provisions are impermissible as a matter of law under applicable
Fourth Circuit case law. To the extent the Court is inclined to
allow releases by consent alone, the Court should follow those
courts that require strict evidence of actual consent by the
affected parties.

The United States Trustee asserts that the Amended Disclosure
Statement provides no information on the fees the debtors are
planning to pay the multitude of professionals covered by the
definition of "Restructuring Expenses." Accordingly, additional
information should be provided to specify all of the professionals
covered by this provision and the basis for the payments of such
professional fees.

A full-text copy of the UST's objection dated August 30, 2021, is
available at https://bit.ly/3DIt5YM from Stretto, the claims
agent.

                       About Intelsat S.A.

Intelsat S.A. -- http://www.intelsat.com/-- is a publicly held
operator of satellite services businesses, which provides a diverse
array of communications services to a wide variety of clients,
including media companies, telecommunication operators, internet
service providers, and data networking service providers. It is
also a provider of commercial satellite communication services to
the U.S. government and other select military organizations and
their contractors.  The company's administrative headquarters are
in McLean, Virginia, and the Company has extensive operations
spanning across the United States, Europe, South America, Africa,
the Middle East, and Asia.

Intelsat S.A. and its debtor-affiliates concurrently filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Va. Lead Case No. 20-32299) on May 13, 2020.  The
petitions were signed by David Tolley, executive vice president,
chief financial officer, and co-chief restructuring officer. At the
time of the filing, the Debtors disclosed total assets of
$11,651,558,000 and total liabilities of $16,805,844,000 as of
April 1, 2020.

Judge Keith L. Phillips oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kutak Rock LLP as legal
counsel; Alvarez & Marsal North America, LLC as restructuring
advisor; PJT Partners LP as financial advisor & investment banker;
Deloitte LLP as tax advisor; and Deloitte Financial Advisory
Services LLP as fresh start accounting services provider. Stretto
is the claims and noticing agent.

The U.S. Trustee for Region 4 appointed an official committee of
unsecured creditors on May 27, 2020. The committee tapped Milbank
LLP and Hunton Andrews Kurth LLP as legal counsel; FTI Consulting,
Inc. as financial advisor; Moelis & Company LLC as investment
banker; Bonn Steichen & Partners as special counsel; and Prime
Clerk LLC as information agent.


INTERPACE BIOSCIENCES: Extends Notes Maturity to Sept. 30
---------------------------------------------------------
Interpace Biosciences, Inc. and Ampersand 2018 Limited Partnership
amended the promissory note they entered into on January 7, 2021,
to change its maturity date to the earlier of (a) Sept. 30, 2021
and (b) the date on which all amounts become due upon the
occurrence of any event of default. In addition, the promissory
note dated January 7, 2021, by and between Interpace and 1315
Capital II, L.P. had been amended to change its maturity date in a
similar manner.  

Except with respect to their respective maturity dates, the terms
of the Notes are otherwise unchanged.  The Security Agreement
remains in full force and effect, and was not amended in connection
with the amendments to the Notes.

On Jan. 7, 2021, Interpace entered into promissory notes with
Ampersand in the amount of $3 million, and 1315 Capital in the
amount of $2 million, respectively, and a related security
agreement.  On May 10, 2021, Interpace amended the Ampersand Note
to increase the principal amount to $4.5 million, and amended the
1315 Capital Note to increase the principal amount to $3.0 million.
The maturity dates of the Notes were the earlier of (a) June 30,
2021 and (b) the date on which all amounts become due upon the
occurrence of any event of default as defined in the Notes.

On June 24, 2021, Interpace and Ampersand amended the Ampersand
Note to change its maturity date to the earlier of (a) Aug. 31,
2021 and (b) the date on which all amounts become due upon the
occurrence of any event of default as defined in the Ampersand
Note.  On June 25, 2021, Interpace and 1315 Capital amended the
1315 Capital Note to change its maturity date in a similar manner.

Ampersand holds 28,000 shares of Interpace's Series B Convertible
Preferred Stock, which are convertible from time to time into an
aggregate of 4,666,666 shares of the company's Common Stock, and
1315 Capital holds 19,000 shares of the company's Series B, which
are convertible from time to time into an aggregate of 3,166,668
shares of the company's Common Stock.  On an as-converted basis,
such shares would represent approximately 38.9% and 26.4% of
Interpace's fully-diluted shares of Common Stock, respectively.  As
a result, Interpace considers the Aug. 31, 2021 amendments to the
Notes to be related party transactions.

                          About Interpace

Headquartered in Parsippany, NJ, Interpace Biosciences f/k/a
Interpace Diagnostics Group, Inc. -- http://www.interpace.com--
offers specialized services along the therapeutic value chain from
early diagnosis and prognostic planning to targeted therapeutic
applications.  Clinical services, through Interpace Diagnostics,
provides clinically useful molecular diagnostic tests,
bioinformatics and pathology services for evaluating risk of cancer
by leveraging the latest technology in personalized medicine for
improved patient diagnosis and management.  Pharma services,
through Interpace Pharma Solutions, provides pharmacogenomics
testing, genotyping, biorepository and other customized services to
the pharmaceutical and biotech industries.

Interpace Biosciences reported a net loss of $26.45 million for the
year ended Dec. 31, 2020, compared to a net loss of $26.74 million
for the year ended Dec. 31, 2019.  As of March 31, 2021, the
Company had $43.86 million in total assets, $30.22 million in total
liabilities, and $46.54 million in preferred stock, and a total
stockholders' deficit of $32.9 million.

Woodbridge, New Jersey-based BDO USA, LLP, the Company's auditor
since 2012, issued a "going concern" qualification in its report
dated April 1, 2021, citing that the Company has suffered operating
losses, has negative operating cash flows and is dependent upon its
ability to generate profitable operations in the future or obtain
additional financing to meet its obligations and repay its
liabilities arising from normal business operations when they come
due.  In addition, the Company has been materially impacted by the
outbreak of a novel coronavirus (COVID-19), which was declared a
global pandemic by the World Health Organization in March 2020.
These conditions raise substantial doubt about its ability to
continue as a going concern.


JDUB'S BREWING: Seeks to Hire Mitaro Consulting as Sales Agent
--------------------------------------------------------------
JDub's Brewing Company, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Mitaro Consulting,
LLC in connection with the sale of its personal property, which it
used to operate its craft beer brewery and tap room in Sarasota,
Fla.

As marketing and sales agent, Mitaro Consulting will provide an
initial report and analysis to determine if the sale of the
personal property pursuant to its Chapter 11 plan of
reorganization, would materially diminish the rehabilitation of
certain intellectual property referred to under the plan as the
"Beer Brands."

The firm will receive $2,500 for its services.

Mike Mitaro, president of Mitaro Consulting, disclosed in a court
filing that his firm neither holds nor represents an interest
adverse to the Debtor's estate.

The firm can be reached through:

     Mike Mitaro
     Mitaro Consulting, LLC
     dba Brewers Advisory Group
     164 Market Street #323
     Charleston, SC 29401
     Phone: 203 722 5967
     Email: hello@brewersadvisorygroup.com

                   About JDub's Brewing Company

JDub's Brewing Company, LLC, a Sarasota, Fla.-based company in the
beverage manufacturing industry, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 20-02926) on
April 6, 2020, listing $697,542 in assets and $1,687,781 in debt.
Judge Michael G. Williamson oversees the case.  

Daniel Etlinger, Esq., at David Jennis, PA, doing business as
Jennis Law Firm, serves as the Debtor's legal counsel.

On July 6, 2021, Judge Williamson confirmed the Debtor's Chapter 11
plan of reorganization.


JEWISH HISTORY MUSEUM: New Plan Okayed, To Continue Operations
--------------------------------------------------------------
Daniel Gill of Bloomberg Law reports that the bankrupt National
Museum of American Jewish History will continue to operate after a
company owned by a former trustee agreed to buy the museum's
building and lease it back for a nominal rent of $1,000 per month.

The Philadelphia museum's Chapter 11 plan, approved Wednesday, also
features an agreement with secured bondholders to accept less than
what they're owed, the museum's lawyer, Lawrence McMichael of
Dilworth Paxson LLP, said at a virtual hearing.

The property purchase, combined with the bondholder deal, allowed
the museum to reach the consensual plan, Mr. McMichael said.

                About Museum of American Jewish History

The Museum of American Jewish History -- https://www.nmajh.org/ --
is a Pennsylvania non-profit organization which operates the
National Museum of American Jewish History, the only museum in the
nation dedicated exclusively to exploring and interpreting the
American Jewish experience. The museum presents educational and
public programs that preserve, explore and celebrate the history of
Jews in America. The museum was established in 1976 and is housed
in the Philadelphia's Independence Mall.

On March 1, 2020, Museum of American Jewish History sought Chapter
11 protection (Bankr. E.D. Pa. Case No. 20-11285).  The Debtor was
estimated to have $10 million to $50 million in assets and
liabilities.  Judge Magdeline D. Coleman oversees the case. The
Debtor tapped Dilworth Paxson, LLP as its legal counsel and Donlin,
Recano & Company, Inc. as its claims agent.


JTS TRUCKING: September 23 Plan Confirmation Hearing Set
--------------------------------------------------------
On August 26, 2021, the U.S. Bankruptcy Court for the Northern
District of Alabama held a hearing to consider the First Amended
Chapter 11 Plan of Liquidation and an accompanying First Amended
Disclosure Statement of debtor JTS Trucking LLC.

At said hearing the Debtor addressed the concerns raised by the
Bankruptcy Administrator in its Limited Objection and the
Bankruptcy Administrator agreed that said changes would satisfy the
Limited Objection.  The Debtor filed the Debtor's Second Amended
Disclosure Statement and the Second Amended Plan of Liquidation
dated August 27, 2021.

On August 30, 2021, Judge James J. Robinson approved the Second
Amended Disclosure Statement and ordered that:

     * September 13, 2021 is fixed as the last day to submit
acceptances or rejections of the Second Amended Plan of
Liquidation.

     * September 20, 2021 is fixed as the last day to file any and
all objections to confirmation of the Second Amended Plan of
Liquidation.

     * September 23, 2021, at 10:00 o'clock a.m. is the telephonic
hearing on confirmation of the Second Amended Plan of Liquidation.

A copy of the order dated August 30, 2021, is available at
https://bit.ly/3DAV3pv from PacerMonitor.com at no charge.

                         About JTS Trucking

JTS Trucking LLC, a trucking company based in Albertville, Alabama,
sought protection under Chapter 11 of the Bankruptcy Court (Bankr.
N.D. Ala. Case No. 20-40423) on March 6, 2020, listing under $1
million in both assets and liabilities.  The petition was signed by
Susan M. Lowden, its member.  The Debtor tapped Harry P. Long,
Esq., at the Law Offices of Harry P. Long, LLC as its counsel; Bill
Massey and MDA Professional Group, PC as its accountants; and Kevin
Lowery and RE/MAX The Real Estate Group as broker and property
manager for the Debtor's estate.


JTS TRUCKING: Unsecureds for $159K to Share of Residual Proceeds
----------------------------------------------------------------
JTS Trucking LLC filed with the U.S. Bankruptcy Court for the
Northern District of Alabama an Amended Chapter 11 Plan of
Liquidation and an Amended Disclosure Statement, dated August 27,
2021.

The Debtor filed its Chapter 11 case in order to complete the sale
of its remaining assets and liquidate the assets in connection with
the litigation with one of its creditors.  The Debtor intends to
sell the remaining assets for $325,000 to Elite Milwright
Fabrication, LLC, subject to Court approval and expects to close
the sale by October 31, 2021.  If this sale does not fall through,
the Debtor intends to hold an auction on January 26, 2022, if
multiple bids are received by January 19.  The Debtor, in a
separate motion, is asking the Court to value its property pursuant
to Section 506 of the Bankruptcy Code and Rule 3012 of the Federal
Rules of Bankruptcy Procedure.

The Secured Claim of Vantage Bank for $282,578, which is secured by
the Debtor's real estate in Albertville Alabama, shall be paid in
full from the sale of the said property.  

Unsecured claims against the Debtor total $159,490.  The Debtor
proposes to pay the allowed unsecured claims their pro rata share
of the remaining proceeds from the liquidation of the remaining
assets and from the net proceeds from the expected litigation
(against Atlantic Southern Construction and a certain Jason
Cahela), after payment of the senior classes of claims.

Atlantic Southern Construction shall not be paid anything from the
liquidation of the assets until all filed and allowed claims have
been paid in full, not having filed a proof of claim in the
Debtor's case.

The equity holders shall receive nothing under the Plan unless all
creditor claims are satisfied in full.  The equity security
interests shall be retained.

A copy of the Amended Disclosure Statement is available for free at
https://bit.ly/2WHRjRR from PacerMonitor.com.

Counsel for the Debtor:

   Harry P. Long, Esq.
   Law Offices of Harry P. Long, LLC
   P.O. Box 1468
   Anniston, AL 36202
   Telephone: (256) 237-3266
   Email: hlonglegal8@gmail.com

                        About JTS Trucking

JTS Trucking LLC, a trucking company based in Albertville, Alabama,
sought protection under Chapter 11 of the Bankruptcy Court (Bankr.
N.D. Ala. Case No. 20-40423) on March 6, 2020, listing under $1
million in both assets and liabilities.  The petition was signed by
Susan M. Lowden, its member.  The Debtor tapped Harry P. Long,
Esq., at the Law Offices of Harry P. Long, LLC as its counsel; Bill
Massey and MDA Professional Group, PC as its accountants; and Kevin
Lowery and RE/MAX The Real Estate Group as broker and property
manager for the Debtor's estate.


LONG VALLEY: Case Summary & Unsecured Creditor
----------------------------------------------
Debtor: Long Valley Real Estate LLC
        67 East Mill Road
        Long Valley, NJ 07853

Business Description: Long Valley Real Estate LLC is primarily
                      engaged in renting and leasing real estate
                      properties.

Chapter 11 Petition Date: September 2, 2021

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 21-17015

Debtor's Counsel: David L. Stevens, Esq.
                  SCURA, WIGFIELD, HEYER, STEVENS & CAMMAROTA, LLP
                  1599 Hamburg Turnpike
                  Wayne, NJ 07470
                  Tel: 973-696-8391
                  Email: ecfbkfilings@scuramealey.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bhavesh B. Patel as managing member.

The Debtor listed 100 Mile Northeast, LLC as its sole unsecured
creditor holding a claim of $0.

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

https://www.pacermonitor.com/view/QV4U4BA/Long_Valley_Real_Estate_LLC__njbke-21-17015__0001.0.pdf?mcid=tGE4TAMA


MAIN STREET INVESTMENTS II: US Trustee Says Disclosures Inadequate
------------------------------------------------------------------
Tracy Hope Davis, United States Trustee for Region 17, objects to
final approval of the amended disclosure statement filed by Main
Street Investments II, LLC.

The United States Trustee claims that the final approval of the
Disclosure Statement should not be granted in this case because the
Debtor has failed to satisfy its burden to show that the Disclosure
Statement contains adequate information within the meaning of
Section 1125(a), and therefore the Plan should not be confirmed
because the Proponent has not complied with Section 11129(a)(2).

The United States Trustee points out that the Disclosure statement
is almost completely bereft of terms of proposed sale of the CCDFI
note. In particular, the Disclosure statement does not indicate
whether or not the sale of the note associated with the Debtor's
Main Street property is contingent upon the sale of the note
associated with the 1319 S. Main Street, Las Vegas, NV 89104
property owned by related entity Main Street Investments III, LLC.


The United States Trustee asserts that the Disclosure Statement
also fails to account for the liquidation value of the unencumbered
Casino Center Boulevard property with a scheduled value of
$420,000.00.

The United States Trustee further asserts that the Disclosure
Statement also fails to provide any detail as to the Debtor's
unscheduled claims against T4 Construction including the nature and
amount of such claims and whether such claims are subject to a
security interest or setoff.

The United States Trustee cites that the Disclosure Statement also
fails to state the professionals employed, an estimate of
administrative fees, and a date for filing of final fee
applications.

The United States Trustee says that the Disclosure Statement also
fails to provide for the preparation and filing of Quarterly Post
Confirmation Reports.

A full-text copy of the United States Trustee's objection dated
August 30, 2021, is available at  https://bit.ly/3mQNrJw from
PacerMonitor.com at no charge.

Attorneys for the United States Trustee:

     Terri H. Didion, Assistant United States Trustee
     State Bar No. CA 133491
     John W. Nemecek, Trial Attorney
     State Bar No. MI P71371
     john.nemecek@usdoj.gov
     UNITED STATES DEPARTMENT OF JUSTICE
     Office of the United States Trustee
     300 Las Vegas Boulevard, So., Ste. 4300
     Las Vegas, NV 89101
     Tel.: (702) 388-6600
     Fax: (702) 388-6658

                 About Main Street Investments II

Main Street Investments II, LLC, filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case
No. 21-10361) on Jan. 27, 2021.  At the time of the filing, the
Debtor disclosed assets of between $1 million and $10 million and
liabilities of the same range.  Judge Natalie M. Cox oversees the
case.  The Law Office of Corey B. Beck, P.C., serves as the
Debtor's legal counsel.  


MARINETEK NORTH: Seeks to Hire McAtee & Associates as Accountant
----------------------------------------------------------------
Marinetek North America, Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
McAtee & Associates, CPAs, PA to prepare its 2020 tax returns.

McAtee charges approximately $6,350 for the preparation of tax
return and supporting documents.

Carol McAtee, the president of McAtee & Associates, disclosed in a
court filing that her firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Carol McAtee, CPA
     McAtee & Associates, CPAs, PA
     5401 Central Avenue
     St. Petersburg, FL 33710
     Telephone: (727) 327-1999
     Email: info@accpas.com

                   About Marinetek North America

Saint Petersburg, Fla.-based Marinetek North America, Inc. filed
its voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case no. 21-03881) on July 26,
2021, listed up to $500,000 in assets and up to $10 million in
liabilities.  John Dunham, senior vice president, signed the
petition.   

Judge Caryl E. Delano oversees the case.

The Debtor tapped Daniel Etlinger, Esq., at David Jennis, P.A., as
legal counsel and McAtee & Associates, CPAs, PA as accountant.


MASTER TECH: Case Summary & 13 Unsecured Creditors
--------------------------------------------------
Debtor: Master Tech Service Corp.
          aka Master Tech
        11496 Luna Road
        Suite 450-500
        Dallas, TX 75234

Business Description: Master Tech Service Corp. is a full-service
                      mechanical contractor offering residential
                      and commercial services throughout the
                      greater Dallas/Ft. area, as well as the
                      Permian Basin.

Chapter 11 Petition Date: September 1, 2021

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 21-42102

Judge: Hon. Edward L. Morris

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  1412 Main Street, Suite 500
                  Dallas, TX 75202
                  Tel: (972) 503-4033
                  Email: joyce@joycelindauer.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Matthew P. Ecoff, president and CEO.

A copy of the Debtor's list of 13 unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/SPM4RTQ/Master_Tech_Service_Corp__txnbke-21-42102__0002.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/GLTOHAQ/Master_Tech_Service_Corp__txnbke-21-42102__0001.0.pdf?mcid=tGE4TAMA


MATADOR RESOURCES: Moody's Ups CFR to B1 & Unsecured Notes to B2
----------------------------------------------------------------
Moody's Investors Service upgraded Matador Resources Company's
Corporate Family Rating to B1 from B2, Probability of Default
Rating to B1-PD from B2-PD, and senior unsecured notes to B2 from
B3. Moody's also upgraded the company's Speculative Grade Liquidity
rating to SGL-2 from SGL-3 to reflect good liquidity. The rating
outlook is stable.

"The upgrade reflects Matador's improved cost structure and
enhanced free cash flow generation capabilities that should
facilitate further deleveraging and volume growth through 2022 in a
supportive oil price environment," said Sajjad Alam, Moody's Senior
Analyst.

The following ratings/assessments are affected by the action:

Upgrades:

Issuer: Matador Resources Company

Probability of Default Rating, Upgraded to B1-PD from B2-PD

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

Corporate Family Rating, Upgraded to B1 from B2

Senior Unsecured Notes, Upgraded to B2 (LGD4) from B3 (LGD5)

Outlook Actions:

Issuer: Matador Resources Company

Outlook, Remains Stable

RATINGS RATIONALE

Matador's B1 CFR is supported by the company's significant acreage
and reserves in the prolific and liquids-rich areas of the Delaware
Basin; a proven track record of consistent production and reserves
growth, relatively low break-even costs, and Moody's expectation of
significant free cash flow generation and further debt reduction
through 2022. The company has reduced its drilling and development
costs and simultaneously expanded production and reserves since
2019, strengthening its resilience to low oil prices. The CFR is
restrained by Matador's limited scale relative to higher rated E&P
companies, geographic concentration, high proportion of
underdeveloped reserves that will necessitate significant ongoing
investments, high capital intensity involving its shale focused
assets, and substantial exposure to federal land leases in New
Mexico that faces an elevated level of regulatory uncertainty. The
rating also considers Matador's controlling interest in the San
Mateo Midstream, LLC joint venture that has provided an increasing
level of midstream and cash flow support, but which also adds debt
to its consolidated metrics slightly weakening the company's
consolidated leverage ratios.

Matador should have good liquidity through 2022, which is reflected
in the SGL-2 rating. Based on management's planned four-rig
drilling program, the company should generate $500-$600 million of
free cash flow through 2022 if WTI crude price averages $55/bbl
during that period. The company had $45 million of unrestricted
cash and $414 million available under its $700 million committed
revolving credit facility at June 30, 2021. Moody's expects Matador
to continue repaying its revolver balance with the projected free
cash flow. The revolver borrowing base was redetermined at $900
million in April 2021 and the facility expires on October 31, 2023.
The revolver agreement requires the company to maintain a leverage
ratio (maximum net debt to adjusted EBITDA) under 4.0x, which the
company should be able maintain comfortably through 2022. Matador's
investment in its midstream joint venture, San Mateo Midstream,
LLC, is unencumbered by Matador's revolving facility and could be a
source of alternate liquidity, if needed. The company has no debt
maturities until the revolver expires in 2023.

Matador's $1.05 billion of senior unsecured notes due 2026 are
rated B2, one notch below the B1 CFR, reflecting the substantial
size of the secured revolving credit facility, which has a priority
claim to Matador's assets over the notes. The revolver is secured
by substantially all of Matador's oil and gas reserves. The $450
million San Mateo credit facility is non-recourse with respect to
Matador and its wholly-owned subsidiaries, and is secured solely by
the assets at the midstream entity.

The stable outlook reflects Moody's expectation that the company
will generate free cash flow, maintain production near current
levels and continue to reduce debt through 2022.

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

Matador's ratings could be upgraded if the company can further grow
production and PD reserves while generating competitive returns and
consistent free cash flow while establishing a track record
regarding capital allocation and returns to shareholders. The CFR
could be upgraded if the company reduces the debt to PD reserves
below $8/boe, sustains the RCF/debt ratio above 40% and maintains
the leveraged full-cycle ratio above 2x. The CFR could be
downgraded if RCF/debt falls below 25%, the leveraged full-cycle
ratio declines below 1x or the company's ability to develop its
federal acreage becomes significantly restrictive.

Matador Resources Company is a Dallas, Texas based publicly-traded
independent exploration and production company with primary
operations in the Delaware Basin in New Mexico and West Texas.

The principal methodology used in these ratings was Independent
Exploration and Production published in August 2021.


MESOBLAST LIMITED: Reports US$98.8M Net Loss for FY Ended June 30
-----------------------------------------------------------------
Mesoblast Limited filed with the Securities and Exchange Commission
its Annual Report on Form 20-F disclosing a net loss of US$98.81
million on US$7.46 million of revenue for the year ended June 30,
2021, compared to a net loss of US$77.94 million on US$32.16
million of revenue for the year ended June 30, 2020.

As of June 30, 2021, the Company had US$744.72 million in total
assets, US$163.32 million in total liabilities, and US$581.40
million in total equity.

Melbourne, Australia-based PricewaterhouseCoopers, the Company's
auditor since 2008, issued a "going concern" qualification in its
report dated Aug. 31, 2021, citing that additional cash inflows
will be required over the next twelve months in order to meet
forecast expenditure, including repayment of the Hercules debt
facility, that raises substantial doubt about its ability to
continue as a going concern.

A full-text copy of the Form 20-F is available for free at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1345099/000156459021046486/meso-20f_20210630.htm

                          About Mesoblast

Headquartered in Melbourne, Australia, Mesoblast --
www.mesoblast.com -- is a developer of allogeneic (off-the-shelf)
cellular medicines for the treatment of severe and life-threatening
inflammatory conditions.  The Company has leveraged its proprietary
mesenchymal lineage cell therapy technology platform to establish a
broad portfolio of late-stage product candidates which respond to
severe inflammation by releasing anti-inflammatory factors that
counter and modulate multiple effector arms of the immune system,
resulting in significant reduction of the damaging inflammatory
process.  Mesoblast has locations in Australia, the United States
and Singapore and is listed on the Australian Securities Exchange
(MSB) and on the Nasdaq (MESO).


MUKEUNJI II: Seeks to Hire Morrison Tenenbaum as Legal Counsel
--------------------------------------------------------------
Mukeunji II, Inc. seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to employ Morrison Tenenbaum, PLLC
to serve as legal counsel in its Chapter 11 case.

The firm will render these legal services:

     (a) advise the Debtor regarding its powers and duties in the
management of its estate;

     (b) assist in any amendments of schedules and other financial
disclosures;

     (c) negotiate with the Debtor's creditors and take the
necessary legal steps to confirm and consummate a plan of
reorganization;

     (d) prepare legal papers;

     (e) pursue preference and fraudulent transfer actions;

     (f) appear before the bankruptcy court to represent and
protect the interests of the Debtor and the estate; and

     (g) perform all other legal services for the Debtor.

The hourly rates of the firm's attorneys and staff are as follows:

     Lawrence F. Morrison  $595 per hour
     Brian J. Hufnagel     $450 per hour
     Associates            $380 per hour
     Paraprofessionals     $250 per hour

In addition, the firm will seek reimbursement for expenses
incurred.

The firm received $9,500 as an initial retainer fee from the
Debtor.

Lawrence F. Morrison, Esq., an attorney at Morrison Tenenbaum,
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:
     
     Lawrence F. Morrison, Esq.
     Brian J. Hufnagel, Esq.
     Morrison Tenenbaum PLLC
     87 Walker Street, Floor 2
     New York, NY 10013
     Telephone: (212) 620-0938
     Facsimile: (646) 390-5095
     Email: lmorrison@m-t-law.com
            bjhufnagel@m-t-law.com
    
                         About Mukeunji II

Mukeunji II, Inc., a restaurant operator in New York, filed its
voluntary petition for Chapter 11 protection (Bankr. E.D.N.Y. Case
No. 21-41737) on June 30, 2021, listing up to $50,000 in assets and
up to $10 million in liabilities. Yong Sun Kim, chief executive
officer, signed the petition. Judge Elizabeth S. Stong oversees the
case. Morrison Tenenbaum, PLLC serves as the Debtor's legal
counsel.


MY2011 GRAND: Mezz Lender's Claim to be Paid in Full
----------------------------------------------------
MY 2011 Grand LLC and S & B Monsey, in response to the objection of
227 Grand Street Mezz Lender LLC to the Debtors' Joint Amended
Disclosure Statement, explained that since the Debtors have the
necessary financing to pay the first mortgage on the subject
property and Mezz Lender's Claim, the Debtors have amended the Plan
to pay the Mezz Lender in full on the effective date.

The Debtors also disclosed that they have entered into a written
agreement with the Estate of Abraham Schwarzman, and amended the
Plan to provide for a closing adjustment for the Estate's 20.8%
distribution.  According to the Debtor, Mezz Lender still refuses
to acknowledge that the Estate of Abraham Schwarzman has agreed to
waive distribution on his 20.8% interest in Mezz Lender's Plan
distribution.

The Debtors asked the Court to approve the Disclosure Statement, as
amended.

A copy of the Debtor's reply is available for free at
https://bit.ly/3t5lC14 from PacerMonitor.com.

Counsel for the Debtors:

   Mark Frankel, Esq.
   Backenroth Frankel & Krinsky, LLP
   800 Third Avenue, Floor 11
   New York, NY 10022
   Telephone: (212) 593-1100

                      About MY 2011 Grand LLC

MY2011 Grand has an equitable interest in Grand Living LLC II, the
Mezz owner of Grand Living LLC, the owner of the property located
at 227 Grand Street Brooklyn, NY 11211.  The current value of the
Debtor's interest is $12.80 million.

S & B Monsey has an equitable interest in Grand Living LLC II, the
Mezz owner of Grand Living LLC, the owner of the property located
at 227 Grand Street Brooklyn, NY 11211.  The current value of the
Debtor's interest is $13.2 million.

MY 2011 Grand LLC and S & B Monsey filed voluntary petitions under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case
No.19-23957) on Nov. 6, 2019. The petitions were signed by David
Goldwasser, authorized signatory of GC Realty Advisors.

At the time of filing, MY2011 Grand and S & B Monsey each estimated
$10 million to $50 million in assets and $1 million to $10 million
in liabilities.

The Debtors are represented by Mark A. Frankel, Esq. at Backenroth
Frankel & Krinsky, LLP, as counsel.


NATIONAL FINANCIAL: Taps Philip von Kahle as Liquidating Trustee
----------------------------------------------------------------
National Financial Holdings, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Philip von Kahle, president of Michael Moecker & Associates, Inc.,
as its liquidating trustee.

Mr. Kahle will render these services:

     (a) determine the terms on which assets comprising the
Debtor's estates should be sold, liquidated or otherwise disposed
of;

     (b) deal in and with all accounts receivable, and title loans
with full authority to collect on terms and conditions deemed
appropriate in the sole discretion of the liquidating trustee;

     (c) collect and receive any and all money and other property
of whatsoever kind or nature due to or owing or belonging to the
Debtor;

     (d) retain and set aside such funds out of the Debtor's estate
as the liquidating trustee shall deem necessary;

     (e) perform any acts or things necessary or appropriate
specifically related to the performance of the collection and
compromise of the title loans;

     (f) perform any act authorized, permitted, or required under
any instrument, contract, agreement, or cause of action relating to
or forming a part of the liquidating Debtor's title loans;

     (g) appear for and on behalf of the Debtor in any action as
may be brought by the Debtor or the Debtor's estates in any court
of jurisdiction and plead to, defend, settle or compromise such
action related to the title loans in the manner deemed appropriate
by the liquidating trustee;

     (h) take all actions for and on behalf of the Debtor and the
Debtor's estates;

     (i) enter into such consulting or employment arrangements or
otherwise retain such accountants, trustees, attorneys, consultants
or independent contractors as the liquidating trustee shall deem
necessary;

     (j) make the distributions provided for in the liquidating
plan; and

     (k) perform other duties as determined.

Mr. Kahle has agreed to perform these services at $375 per hour.

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

The professional can be reached at:

     Philip von Kahle
     Michael Moecker & Associates, Inc.
     1883 Marina Mile Blvd., Ste. 106
     Fort Lauderdale, FL 33315
     Telephone: (954) 252-1560
     Facsimile: (954) 252-2791
     Email: info@moecker.com

                    About National Financial

Founded in 2015 as Finova Financial, National Financial Holdings,
Inc. operates a vehicle title loan financing company in Palm Beach
Gardens, Florida.  

National Financial Holdings filed a Chapter 11 petition (Bankr.
S.D. Fla. Case No. 21-16989) on July 17, 2021, disclosing up to
$50,000 in assets and up to $10 million in liabilities. Derek
Acree, chief legal officer, signed the petition.

Judge Erik P. Kimball was assigned to the case before Judge Mindy
A. Mora took over.

The Debtor tapped Kelley, Fulton & Kaplan, P.L. as legal counsel
and Venita Ackerman, CPA of Ackerman Rodgers, CPA, PLLC as
accountant. Philip von Kahle of Michael Moecker & Associates, Inc.
is the liquidating trustee.


NET ELEMENT: Stockholders Approve Merger
----------------------------------------
Net Element, Inc. held its special meeting of stockholders in
connection with the proposed merger and other transactions
contemplated by the Second Amended and Restated Agreement and Plan
of Merger dated as of July 20, 2021, as amended, by and among the
Company, Mullen Acquisition, Inc., a wholly-owned subsidiary of the
Company, Mullen Technologies, Inc. and Mullen Automotive, Inc., a
wholly-owned subsidiary of Mullen Technologies.

At the Special Meeting, the stockholders:

   (1) approved the Merger, and its accompanying transactions, and
       adopted the Merger Agreement whereby Mullen Acquisition will

       merge with and into Mullen, with Mullen surviving the
Merger
       as a wholly owned subsidiary of Net Element and Net Element

       changing its name to Mullen Automotive, Inc.;

   (2) approved an amendment to the Company's Amended and Restated
       Certificate of Incorporation to change the par value and to
       increase the number of authorized shares of common stock
from
       100,000,000 shares, par value $0.0001, to 500,000,000
shares,
       par value $0.001;

   (3) approved an amendment to the Company's Amended and Restated
       Certificate of Incorporation (a) to change the par value and

       increase the number of authorized shares of preferred stock
       from 1,000,000, par value $0.01, to 58,000,000 shares, par
       value $0.001; (b) authorized the issuance of up to 200,000
       shares of Series A Preferred Stock, which series carries
       1,000 votes per share and converts into Common Stock on a
       100-for-1 basis; (c) authorized the issuance of up to
       12,000,000 shares of Series B Preferred Stock, which series

       carries one vote per share and converts into Common Stock on

       a 1-for-1 basis; and (d) authorized the issuance of up to
       40,000,000 shares of Series C Preferred Stock, which series

       carries one vote per share and converts into Common Stock on

       a 1-for-1 basis;

   (4) did not approve an amendment to the Company's Amended and
       Restated Certificate of Incorporation to amend Article VII
to
       lower the required vote for stockholders to adopt, amend,
       alter or repeal the Bylaws of the Corporation to a majority

       vote standard down from a sixty-six and two-thirds percent
       standard;

   (5) did not approve an amendment to the Company's Amended and
       Restated Certificate of Incorporation to amend Article XI to

       lower the required vote for stockholders to amend or repeal
       Article XI or Article VII to a majority vote standard down
       from a sixty-six and two-thirds percent standard;

   (6) approved an amendment to the Company's Amended and Restated
       Certificate of Incorporation to classify the Board of
       Directors;

   (7) approved an amendment to the Company's Amended and Restated
       Certificate of Incorporation to make other changes,
including
       (i) to remove the restriction on the right for stockholders

       to act by written consent and (ii) to change the post-
       combination Company's name to "Mullen Automotive, Inc.";

   (8) approved the transaction whereby Net Element will divest
       itself of its existing business operations to RBL Capital
       Group LLC, causing RBL to assume the Company's liabilities
       directly related to operations of its existing business
       immediately prior to the closing of such divestiture.  The
       Divestiture will occur immediately prior to the consummation

       of the Merger;

   (9) approved, for purposes of complying with applicable listing
       requirements of Nasdaq: (i) the issuance and sale of shares
       of the Company's Common Stock, Series A Preferred Stock,
       Series B Preferred Stock and Series C Preferred Stock (and
       the shares of Common Stock underlying such shares of Series
A
       Preferred Stock, Series B Preferred Stock and Series C
       Preferred Stock) to shareholders of Mullen pursuant to the
       Merger; (ii) the issuance of additional shares of Series C
       Preferred Stock and warrants (and the Common Stock
underlying
       such Series C Preferred Stock and warrants) to certain
       security holders of Mullen upon exercise of certain
       additional investment rights held by such holders; (iii) the

       issuance of shares of Common Stock issuable upon exercise of

       warrants assumed by the Company pursuant to the Merger; (iv)

       the issuance of additional shares of Common Stock in the
       private placement pursuant to a financing relationship with

       Esousa and (v) the issuance of shares to Drawbridge
       Investments LLC or its affiliate pursuant to a secured,
       convertible promissory note held by Drawbridge;

  (10) elected, subject to and upon the effectuation of the Merger
       at closing of the Merger, David Michery (Class I – 2022),
       Jerry Alban (Class I – 2022), Mary Winter Class I –
2022),
       Kent Puckett (Class II – 2023), Mark Betor (Class II –
2023),
       William Miltner (Class III – 2024), and Jonathan New
(Class
       III – 2024) as directors to serve until the Annual Meeting
of
       the year noted next to their respective Class name and
until
       their respective successors are duly elected and qualified,

       subject to such directors' earlier death, resignation,
       retirement, disqualification or removal;

  (11) approved, on a non-binding advisory basis, the severance and

       change-in-control agreement between Net Element and Steven
       Wolberg as required by Section 951 of the Dodd-Frank Wall
       Street Reform and Consumer Protection Act of 2010;

  (12) approved an amendment to the Company's 2013 Equity
Incentive
       Plan, as amended, to increase the number of shares of the
       Company's Common Stock available for issuance thereunder by
       6,339,500 shares of Common Stock resulting in an aggregate
of
       7,500,000 shares authorized for issuance under the Plan;
and

  (13) approved the adjournment, if necessary, of the special
       meeting to a later date or dates to permit further
       solicitation and vote of proxies in the event that there are

       insufficient votes for any of the above proposals.

                          About Net Element

Headquartered in North Miami Beach, Florida, Net Element, Inc.
(NASDAQ: NETE) -- http://www.NetElement.com-- is a global
technology and value-added solutions group that supports electronic
payments acceptance in a multi-channel environment including
point-of-sale (POS), e-commerce and mobile devices.  The Company
operates two business segments as a provider of North American
Transaction Solutions and International Transaction Solutions.

Net Element reported a net loss attributable to the Company's
stockholders of $5.94 million for the year ended Dec. 31, 2020,
compared to a net loss attributable to the Company's stockholders
of $6.46 million for the year ended Dec. 31, 2019.  As of June 30,
2021, the Company had $30.77 million in total assets, $24.61
million in total liabilities, and $6.16 million in total
stockholders' equity.


NEW FORTRESS ENERGY: S&P Rates Senior Secured Notes 'B+'
--------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '3'
recovery rating to U.S.-based, global integrated gas-to-power
company New Fortress Energy Inc.'s (NFE) $1.5 billion, 6.5% senior
secured notes due in September 2026. The company used the net
proceeds from the notes to fund the cash consideration for the
Golar LNG Partners L.P. acquisition and to pay related fees and
expenses.

S&P said, "The '3' recovery rating on the notes reflects our
expectation that lenders would receive meaningful (50%-70%; rounded
estimate: 60%) recovery if a payment default occurs. The 'B+'
issuer credit rating and stable outlook are unchanged.

"Our simulated default scenario for NFE contemplates a default
arising in 2025 from a prolonged period of weak natural gas and
liquefied natural gas prices, coupled with significantly lower
volumes, weakening demand for power in the markets it serves, and
higher operating costs. We anticipate that a default could occur if
the company's cash flow generation falls below its fixed-charge
requirements assumed at default of approximately $255 million for
an extended period of time and liquidity is fully utilized. Our
default scenario also assumes that NFE does not receive any
residual cash flow from its interest in the variable-interest
entities (VIEs) that have debt obligations secured by certain
vessels and other assets."

ISSUE RATINGS--RECOVERY ANALYSIS

Simulated default assumptions

S&P estimates a gross recovery value of about $2.55 billion
assuming that NFE would be able to recoup lost revenue as volumes
and pricing rebound and operating margins stabilize through cost
cutting during the reorganization process.

-- Emergence EBITDA: $365 million
-- EBITDA multiple: 7x
-- Gross recovery value: $2.55 billion
    --Less: 5% administrative expense: $130 million
-- Net recovery value: $2.42 billion
-- Obligor split: 19% vessel segment and leased vessels/81% all
other New Fortress assets

Simplified waterfall

S&P said, "In our recovery waterfall, we bifurcated approximately
19% of the recovery value to the vessel segment, which consists of
several VIEs that have various non-recourse debt obligations that
are secured by certain vessels and other assets. We anticipate that
there would be no residual value left over after the VIE debt
obligations were satisfied that would go to New Fortress for the
benefit of the company's creditors."

-- Vessel segment recovery value: $460 million

    --Less: Aggregate vessel debt (non-recourse): $676 million

-- Net residual value: $0

Recovery prospects for New Fortress creditors would be derived from
the remaining 81% in recovery value, or $1.96 billion, which, after
the revolver debt of $176 million outstanding at default is repaid,
results in $1.78 billion that is then available to satisfy the
$2.84 billion of senior secured notes outstanding.

This results in meaningful (50%-70%, rounded estimate: 60%)
recovery prospects for senior secured noteholders in the event of a
payment default.

-- Net recovery value from rest of New Fortress: $1.96 billion
  
    --Less: revolver balance outstanding at default: $176 million

-- Recovery value available to senior secured notes: $1.78
billion

-- Senior secured notes outstanding at default: $2.84 billion

-- Recovery estimate for senior secured notes: 50%-70%, rounded
estimate: 60%

-- Recovery rating on senior secured notes: '3'



NORDSTROM INC: Moody's Assigns Ba1 CFR & Alters Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service downgraded Nordstrom, Inc.'s senior
unsecured rating to Ba1 from Baa3, its commercial paper rating to
Not Prime ("NP") from Prime-3, its senior unsecured shelf rating to
(P)Ba1 from (P)Baa3, and its issuer rating to Ba1 from Baa3. At the
same time, Moody's assigned Nordstrom a Ba1 corporate family
rating, Ba1-PD probability of default rating and an SGL-1
speculative grade liquidity rating. The outlook was changed to
stable from negative.

The rating action reflects that although Nordstrom's operating
performance has sequentially improved, it has lagged the recovery
demonstrated by many of its department store and off-price peers in
2021. Despite the current strength in consumer spending and the
recent acceleration in demand of key categories that were depressed
during the pandemic, both Nordstrom's sales and operating margin
improvement have been relatively slower largely driven by its
off-price product mix and inventory constraints.

Credit metrics remain elevated for an investment grade profile and
Moody's expects a normalization of consumer demand and industry
inventory levels in 2022 which pose an additional headwind to
improvement. Nonetheless, Nordstrom has many urban and professional
customers who have still not returned to pre-pandemic traffic
patterns. These customers may accelerate their spending as pandemic
conditions improve. Nordstrom also remains well diversified with
its breadth of full-price and off-price apparel offerings, and is a
leader in digital penetration, a critical element to its strong
history of superior customer service and loyalty.

The downgrade of the senior unsecured notes one notch to Ba1
reflect their relative size as the preponderance of debt in the
capital structure and their junior position behind Nordstrom's
secured revolving credit facility. The notes are also at the parent
holding company and lack subsidiary guarantees. The assignment of
an SGL-1 rating reflects Nordstrom's very good liquidity supported
by its solid cash balances with approximately $487 million of cash
at July 31, 2021, an undrawn $800 million revolver, and Moody's
expectation that cash will be in excess of $900 million of at the
end of fiscal 2021. Nordstrom's very good liquidity is also
supported by its unencumbered real estate portfolio.

Downgrades:

Issuer: Nordstrom, Inc.

Issuer Rating, Downgraded to Ba1 from Baa3

Senior Unsecured Commercial Paper, Downgraded to NP from P-3

Senior Unsecured Regular Bond/Debenture, Downgraded to Ba1 (LGD4)
from Baa3

Senior Unsecured Shelf, Downgraded to (P)Ba1 from (P)Baa3

Assignments:

Issuer: Nordstrom, Inc.

Corporate Family Rating, Assigned Ba1

Probability of Default Rating, Assigned Ba1-PD

Speculative Grade Liquidity Rating, Assigned SGL-1

Outlook Actions:

Issuer: Nordstrom, Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Nordstrom's Ba1 corporate family rating is supported by its
governance considerations in response to the disruption caused by
the pandemic which included its conservative financial strategy
which has prioritized debt reduction and paused dividends and share
purchases. The company has maintained very good liquidity reflected
in its $800 million secured revolving credit facility that is fully
available and its cash balance of $487 million as of July 31, 2021.
The rating also reflects its solid market positioning in both the
full price and off-price segments. The company has made significant
investments historically to provide superior service at all
customer contacts points whether in-store, online or through mobile
and continues to invest to provide integrated experiences. Its
seamless experience is evidenced by its rollout of buy online pick
up in store to all of its Rack locations and its leading online
penetration in off-price. Over one-third of Nordstrom's sales are
from its off-price segment which has historically fared better than
full price in periods of weaker consumer demand, despite its weak
performance during the pandemic.

The rating is constrained by Nordstrom's focus on fashion apparel
and the secular challenges that face the department store industry.
Ratings are also constrained by the company's concentration in
California. The company must also manage its vendor partners
globally and navigate the changing demographic, lifestyle and
workplace trends which may ultimately impact purchasing patterns
and have weaken demand for its products.

The stable outlook reflects that Nordstrom is poised to continue to
experience sales and margin improvement in the second half of 2021
given the robust consumer environment despite the ongoing pandemic
and the risks poised by the delta variant. Credit metrics are
expected to improve with leverage levels returning to pre-pandemic
levels. The outlook also reflects that its financial strategy is
expected to remain conservative until operational performance
returns to more normalized levels.

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

Ratings could be upgraded should Nordstrom consistently grow sales
at both its full line and off-price segment and returns operating
margins to levels in excess of what it achieved prior to the
pandemic. Diversification as its off-price business grows and
returns to growth would also be viewed favorably. An upgrade would
require operating performance, margin improvements and leverage
reductions such that EBIT to interest expense will be sustained
above 4.0x and debt to EBITDA is sustained below 2.5x while
maintaining very good liquidity. An upgrade would also require
Nordstrom to maintain financial strategies that would support its
credit metrics remaining at or better than these levels.

Ratings could be downgraded should Nordstrom's operating
performance remain pressured or financial strategy becomes less
conservative or liquidity weakens. Quantitatively ratings could be
downgraded if EBIT to interest expense is sustained below 3.0x and
debt to EBITDA is sustained above 4.0x.

Headquartered in Seattle, Washington, Nordstrom, Inc. is a leading
fashion retailer based in the US and Canada. Nordstrom operates
over 350 stores including 100 full-line stores, Nordstrom Rack
stores, clearance stores and Nordstrom Local service concept
stores. Additionally, the company operates Nordstrom.com,
Nordstrom.ca, Nordstromrack.com, and TrunkClub.com. Revenues for
the latest twelve months ended July 31, 2021 are approximately
$13.4 billion.

The principal methodology used in these ratings was Retail Industry
published in May 2018.


OMNIQ CORP: Begins Trading on NASDAQ
------------------------------------
omniQ Corp.'s common stock has been approved for listing on The
Nasdaq Capital Market.  Trading of OMNIQ's shares on the Nasdaq
began at the market open on Thursday, Sept. 2, 2021 under the
symbol "OMQS".

"Listing on The Nasdaq Capital Market marks another milestone in
OMNIQ's development, as we continue to grow our positive momentum
as a powerhouse of AI, object identification and automation," said
Shai Lustgarten, CEO of OMNIQ.  "We believe this Nasdaq listing
will build long-term shareholder value through increased visibility
and improved trading liquidity."

                         About omniQ Corp.

Headquartered in Salt Lake City, Utah, omniQ Corp. (OTCQB: OMQS) --
http://www.omniq.com-- provides computerized and machine vision
image processing solutions that use patented and proprietary AI
technology to deliver data collection, real time surveillance and
monitoring for supply chain management, homeland security, public
safety, traffic & parking management and access control
applications.  The technology and services provided by the Company
help clients move people, assets and data safely and securely
through airports, warehouses, schools, national borders, and many
other applications and environments.

Omniq Corp. reported a net loss attributable to common stockholders
of $11.31 million for the year ended Dec. 31, 2020, compared to a
net loss attributable to common stockholders of $5.31 million for
the year ended Dec. 31, 2019. As of June 30, 2021, the Company had
$35.86 million in total assets, $44.50 million in total
liabilities, and a total stockholders' deficit of $8.64 million.

Salt Lake City, Utah-based Haynie & Company, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated March 31, 2021, citing that the Company has a deficit in
stockholders' equity, and has sustained recurring losses from
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


ORIGINAL RIVERFRONT: Unsecureds Will Get 3.07% of Claims in Plan
----------------------------------------------------------------
Original Riverfront RV Park, LLC filed with the U.S. Bankruptcy
Court for the Southern District of Texas a Small Business Plan of
Reorganization under Subchapter V dated August 30, 2021.

The primary asset of Original Riverfront is a 3.5-acre riverfront
lot located along the San Jacinto River in Highlands, Texas (the
"Riverfront Lot") where the debtor operates an RV park with short
term and long term rentals. A majority of the Debtor's tenants are
employed in the nearby oil and gas refineries.

Original Riverfront maintained profitability in the years following
incorporation of the business, however, due to the financial
pressures caused by COVID19, Original Riverfront fell behind on its
payments to its secured lenders. Due to the closure of the nearby
refineries, Original Riverfront lost many of its long-term tenants
and was unable to service its debts. Original Riverfront sought
bankruptcy relief on May 31, 2021 in order to avoid foreclosure by
its secured lenders and in order to reorganize its financial
affairs.

Pursuant to the liquidation analysis, the unsecured creditors would
receive no distribution if this bankruptcy proceeding was converted
to a Chapter 7 proceeding, but in this Chapter 11 proceeding, they
will be receiving 3.07% distribution of their claims through
Original Riverfront's income from future operations. The Debtor is
still in the process of analyzes the potential recovery for general
unsecured creditors under a potential liquidation of assets of the
estate and will supplement this Plan with a liquidation analysis
shortly after the filing of this Plan.

Class 1 consists of the Secured Claims. Commencing the 1st day of
the month, following 30 days after the Effective Date, Royal
Holdings Group, LLC and Gable Holdings, LLC shall receive 24
consecutive monthly Cash payments based on a 10 year amortization
of their respective claims with interest bearing at 6.5% per annum
with the then remaining claim becoming due and payable following
the expiration of the 24 month payment term.

Holders of Ad Valorem Claims in Class 2 (Harris County, Harris
County Court Costs, Goose Creek CISD, and Lee College District (the
"Ad Valorem Claimants")) shall receive 60 monthly Cash payments
commencing 30 days from the Effective Date with payments calculated
on a 5 year amortization of the Claims from the Petition Date, and
with interest bearing on the respective Claims per applicable
statutory non-bankruptcy law. Holders of Allowed Claims in Class 2
shall retain all liens it currently holds, whether for pre-petition
tax years or for the current tax year, on any property of the
Debtor until it receives payment in full of all taxes, and interest
owed to them under the provisions of this Plan, and their lien
position shall not be diminished. The Reorganized Debtor shall pay
all post-petition ad valorem tax liabilities owing to the Ad
Valorem Claimants in the ordinary course of business as such tax
debt comes due and prior to said ad valorem tax becoming delinquent
without the need of the Ad Valorem Claimants to file an
administrative expense claim and/or request for payment.

Class 3 consists of Unsecured General Claims. In full satisfaction,
Holders of Allowed General Unsecured Claims in this Class shall be
paid Pro Rata in 4 semi-annual Cash payments of $50.00 with
payments commencing the first day of the month following 30 days
from the Effective Date and with following payments to be made
every six months thereafter.

Jeffrey and Julie Lacombe, the sole equity interest holders of the
Debtor shall retain their interests in the Debtor.

Payments and distributions under the Plan will be funded the
continued operations of the Debtor. The Subchapter V Trustee shall
distribute payment under the Plan following confirmation of the
Plan.

A full-text copy of the Subchapter V Plan dated August 30, 2021, is
available at https://bit.ly/3BAbOPL from PacerMonitor.com at no
charge.

Attorneys for the Debtor:
   
     Susan Tran Adams, Esq.
     Brendon Singh, Esq.
     Tran Singh, LLP
     1010 Lamar St., Suite 1160
     Houston TX 77002
     Telephone: (832) 975-7300
     Facsimile: (832) 975-7301
     Email: STran@ts-llp.com

                 About Original Riverfront RV Park

Original Riverfront RV Park, LLC is a Texas limited liability
company incorporated on Sept. 18, 2017.  It owns a 3.5-acre
riverfront lot located at 1204 S. Main St., Highlands, Texas.
Original Riverfront operates a recreational vehicle park on the
riverfront lot and provides nightly and monthly rentals to its
customers.  Original Riverfront owns another 10,010-square-foot lot
with a small building located at 1906 N. Main St., Highlands,
Texas, that it utilizes as an office and storage facility.

Original Riverfront sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Texas Case No. 21-60054) on May 31,
2021. In the petition signed by Jeffrey J. Lacombe, manager, the
Debtor disclosed up to $1 million in assets and up to $500,000 in
liabilities. Judge Christopher Lopez oversees the case. Tran Singh,
LLP is the Debtor's legal counsel.


OXFORD FINANCE: S&P Affirms 'BB-' ICR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issuer credit rating on
Oxford Finance LLC. The outlook remains stable. At the same time,
S&P affirmed its 'B' rating on its senior unsecured debt.

S&P said, "We expect Oxford Finance will expand its balance sheet
as more opportunities become available, pushing leverage, as
measured by debt to adjusted total equity, higher. Oxford's
leverage was 3.09x as of June 30, 2021, up from 2.55x on Dec. 31,
2020, and 2.12x as of June 30, 2020. We believe that the company
intends to operate with mid-3x leverage for the next several years
given ample capacity under its credit facility and growing
investment pipeline."

However, the company has a track record of strong underwriting,
which supports the rating. Over the past 10 years, the company has
had an annualized net loss of approximately 6 basis points while it
has grown the portfolio approximately 17%. Net charge-offs through
March 2021 totaled $7.8 million on $6.1 billion of originations.
Oxford had a $12.9 million charge-off in the second quarter, but
this is tiny compared with the total portfolio and origination
volume. Similarly, over the past 10 years, the company's
nonaccruals averaged less than 1.0% of the portfolio.

S&P said, "We anticipate Oxford will maintain good credit
performance through prudent underwriting that will ensure minimal
realized credit losses and sound profitability over the next 12
months. We also expect net charge-offs to remain below peers on a
consistent basis."

As of June 2021, Oxford's portfolio was $2.7 billion with 232 loans
to 119 borrowers. Health care services represented 58% and
biotechnology was 42% of total outstanding balances. The largest
exposure was 3.7%, made to a diagnostics company with an
outstanding balance of $103 million. The top 10 loans accounted for
25.7% of the portfolio. Senior secured loans were approximately 69%
of the portfolio, while the portfolio is 99.2% floating rate.

S&P said, "The stable outlook reflects our expectation that Oxford
will operate with leverage, debt to adjusted total equity, around
3.5x and that prudent underwriting will support minimal realized
credit losses and sound profitability over the next 12 months. We
also expect the company to ensure that its funding vehicles remain
in compliance with its financial covenants.

"We could lower our rating if leverage, as measured by debt to
adjusted total equity, rises beyond 4.0x. We could also lower the
rating if portfolio credit quality deteriorates more than we
expect, particularly if that puts pressure on any of the company's
secured debt covenants."

An upgrade is unlikely over the next 12 months.



PARALLAX HEALTH: Settles Suit With SEC Over 'Misleading Statements'
-------------------------------------------------------------------
Parallax Health Sciences, Inc., its former Chief Executive Officer,
Paul Arena, and its Chief Technology Officer, Nathaniel Bradley,
entered into settlements with the U.S. Securities and Exchange
Commission, resolving a civil lawsuit filed by the SEC in the U.S.
District Court for the Southern District of New York against the
Company, its former CEO, and its CTO alleging that the Company made
false and misleading statements in a series of press releases
issued in March and April 2020 about the Company's efforts to fight
COVID-19, including that the Company had a COVID-19 screening test
in development that would be "available soon" and that it had
medical and personal protective equipment (PPE) for "immediate
sale."  The SEC's allegations against the former CEO and CTO
related to their roles in the statements.

The SEC's Complaint alleged that the Company and the former CEO
violated Sections 17(a)(1) and (3) of the Securities Act of 1933
and Section 10(b) of the Securities Exchange Act of 1934 and Rule
10b-5 thereunder, and the CTO violated Section 17(a)(3) of the
Securities Act of 1933.  The Company, the former CEO and the CTO
all settled the SEC's Complaint without admitting or denying the
SEC's allegations.

Under the terms of the settlements, the Company, the former CEO and
the CTO consented to the entry of judgments permanently enjoining
them from future violations of the charged provisions and requiring
them to pay penalties of $100,000, $45,000, and $40,000,
respectively.  The former CEO also agreed to be prohibited for five
years from acting as a public company officer or director and from
participating in an offering of penny stock.  The former CEO
subsequently resigned his position as director, president and CEO
of the Company.  Mr. Bradley, the CTO, without admitting or denying
the SEC's allegation of negligence under Section 17(a)(3) of the
Securities Act of 1933, agreed to be prohibited for three years
from participating in an offering of a penny stock.  Mr. Bradley
remains the Company's chief technology officer and director, and
president of Parallax Health Management, one of the Company's
subsidiaries.

The Company, the former CEO and the CTO remitted timely their first
scheduled payments which were due within 30 days of the July 9,
2021, entry of the Order in the United States District Court.

Previously, in connection with the same investigation that gave
rise to this settled lawsuit, on April 10, 2020, the SEC
temporarily suspended trading in the Company's common stock for a
period of 10 days due to questions about the adequacy and accuracy
of information in the marketplace, specifically the statements
referenced in the Complaint.  The trading suspension expired on
April 24, 2020.

                          About Parallax

Headquartered in West Palm Beach, Florida, Parallax Health
Sciences, Inc. -- http://www.parallaxcare.com/-- focuses on
personalized patient care through remote healthcare services,
behavioral health systems, and Point-of-Care diagnostic testing.

Parallax reported a net loss of $12.87 million for the year ended
Dec. 31, 2019.  As of Dec. 31, 2019, the Company had $1.36 million
in total assets, $11.61 million in total liabilities, and a total
stockholders' deficit of $10.25 million.

Farmington Hills, Michigan-based Freedman & Goldberg CPAs, the
Company's auditor since 2016, issued a "going concern"
qualification in its report dated May 15, 2020, citing that the
Company has suffered recurring losses from operations, has a net
capital deficiency and has significant contingencies that raise
substantial doubt about its ability to continue as a going concern.


PRESBYTERIAN VILLAGES: Fitch Assigns 'BB' IDR, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has assigned a 'BB' Issuer Default Rating (IDR) to
Presbyterian Villages of Michigan Obligated Group (PVM OG) and
affirmed the 'BB' rating on the following bonds:

-- $17.8 million series 2020A revenue bonds issued by the Public
    Finance Authority (Wisconsin);

-- $28.2 million of series 2015 revenue bonds issued by the
    Michigan Finance Authority.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a pledge of unrestricted receivables, a
mortgage on certain properties and a debt service reserve fund.

ANALYTICAL CONCLUSION

The 'BB' IDR reflects PVM OG's soft financial profile in the
context of its midrange revenue defensibility and weak operating
risk profile assessments. Fitch expects that PVM OG's occupancy and
operating results should remain consistent, provided no additional
debt is incurred, allowing PVM OG to maintain cash-to-adjusted debt
and maximum annual debt service (MADS) coverage ratios that are
consistent with the current rating, including in the out years of
Fitch's forward-looking stress case scenario.

KEY RATING DRIVERS

Revenue Defensibility: 'bbb'

Mixed Market Assessments

PVM OG includes two contrasting campuses: East Harbor and Westland.
The strength of East Harbor's revenue defensibility is balanced
against the challenges faced by Westland in the midrange assessment
for the OG. While independent living unit (ILU) occupancy at East
Harbor has generally been favorable at about 95% over the past
several years, while it has generally been unfavorable, at around
80% at Westland. Combined overall occupancy for the OG was 76% at
the end of June, 2021. The service areas differ for each campus as
well. Westland primarily targets low-income residents due to its
challenged primary service area. Conversely, East Harbor is in a
strong market area with favorable demographic characteristics.
While competitors are present in the broader area, competition is
somewhat limited in the communities immediately surrounding
Westland and East Harbor. PVM OG mostly offers rental contracts,
limiting exposure to local housing market volatility. Rate
increases occur regularly, supporting Fitch's midrange revenue
defensibility assessment.

Operating Risk: 'bb'

Pressured Operations; Adequate Capital-Related Metrics

Fitch's assessment of PVM OG's operating risk reflects its soft
historical operating performance within the context of its rental
contract mix. Over the last five fiscal years, PVM OG's operating
ratio averaged 102%, its net operating margin (NOM) averaged
negative 4% and its NOM- adjusted margin has averaged negative
3.9%. These ratios are consistent with a below investment grade
rating and a weak operating assessment. PVM OG actively pursues
grant revenue from governmental agencies and runs contribution
campaigns to increase its operating revenue and fund large capital
projects. Fitch considers the additional funds to be somewhat
volatile and which are only expected to modestly enhance future
revenue. PVM OG has a history of good capital investment, balanced
against a somewhat elevated average age of plant of about 15 years.
PVM OG reported it has no additional debt plans over the Rating
Outlook period. PVM OG's capital-related metrics as of fiscal 2020
-- revenue only MADS coverage of 1.3x, debt-to-net available of
10.8x and MADS at 9.2% of revenues -- indicate moderate ability to
absorb capital needs in the context of its current operations.

Financial Profile: 'bb'

Modest Financial Profile

Given PVM OG's midrange revenue defensibility and weak operating
risk assessments, Fitch expects that PVM OG will maintain a
financial profile that is consistent with a 'bb' assessment even
during the volatility assumed in Fitch's stress case scenario.
Fitch calculated MADS coverage has been consistent with the weak
assessment, averaging 1x over the past few years and does not dip
below .8x at any point in Fitch's stress case scenario. PVM OG's
balance sheet has also been stable, albeit soft with unrestricted
cash and investments at $17.9 million in 2020, or 52%
cash-to-adjusted debt at YE 2020, which is consistent with the 'BB'
rating and 'bb' financial profile assessment. Unrestricted cash
represented 214 days cash on hand (DCOH) in 2020, which is neutral
to the assessment of PVM OG's financial profile. Management reports
debt service coverage ratio (DSCR) and DCOH calculations based on
the MTI prescribed covenant requirements. For the interim six
months-ended June 31, 2021, Management reported 229 DCOH and 1.81x
DSCR for the rolling 12 months ended June 31, 2021.

Asymmetric Additional Risk Considerations

No additional asymmetric risk considerations were relevant to the
rating.

RATING SENSITIVITIES

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

-- Improvement of the long-term liability profile such that MADS
    is greater than 1.5x and trending toward 2.0x and cash-to-debt
    greater than 75% consistently.

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

-- Any future debt that further negatively affects PVM OG's
    leverage metrics, as the credit does not have any additional
    debt capacity at this rating level;

-- Deterioration of the financial profile such that MADS is
    trending toward 1.0x and cash-to-adjusted debt lower than 40%
    consistently.

BEST/WORST CASE RATING SCENARIO

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

PVM OG is an aging services network and is headquartered in
Southfield, MI. PVM OG consists of PVM Corporate, the PVM
Foundation, continuing care retirement communities in Westland and
Chesterfield (East Harbor), and Presbyterian Village North (which
owns 13 acres of undeveloped land). The two PVM OG campuses total
289 independent rental units (ILU), 116 assisted living units (ALU)
and 102 skilled nursing (SNF) beds. With the issuance of the series
2020 bonds, PVM OG added the following entities:

-- Harry and Jeanette Weinberg Green Houses (WGH) at Rivertown
    located in Detroit.

-- PVM is the sole member of WGH. WGH was completed in 2017, and
    consists of 21 studio apartments.

-- Harbor Inn, Chesterfield Township, Michigan. Presbyterian
    Village East is the sole member of Harbor Inn. The capital
    project that the bonds will primarily fund will support Harbor
    Inn which is developing 96 independent living apartments and
    ranch homes on the Village of East Harbor campus.

-- PVM OG also has an ownership interest in approximately 2,035
    ILUs and ALUs through nonobligated entities and an equity
    interest in two Program of All-Inclusive Care for the Elderly
    (PACE). PVM manages 1,051 ILUs and ALUs for which it does not
    have an ownership interest. All PVM owned and managed
    properties are in Michigan.

-- PVM OG recorded $28 million in operating revenue in fiscal
    2020 (Dec. 31 year-end).

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.


PURDUE PHARMA: Bankruptcy Court OKs Sacklers-Backed Plan
--------------------------------------------------------
The United States Bankruptcy Court for the Southern District of New
York (the "Bankruptcy Court") on Sept. 1 approved the Purdue Pharma
L.P. chapter 11 plan of reorganization (the "Plan"). The Plan
received overwhelming support from more than 95% of voting
creditors, including every voting class of creditors and
bi-partisan state attorneys general from 43 states and
territories.

"Confirmation is proof positive that representatives of disparate
stakeholders can work together under difficult circumstances and
produce an outcome that is truly in the public interest," said
Steve Miller, who joined Purdue Pharma L.P. in mid-2018 as chairman
of its Board of Directors. "Instead of years of value-destructive
litigation, including between and among creditors, this Plan
ensures that billions of dollars will be devoted to helping people
and communities who have been hurt by the opioid crisis."

In approving the plan, the federal bankruptcy court determined that
the plan is fair, reasonable, and in the best interests of the
estate. This determination was made after a lengthy trial that took
place over three weeks, in which numerous fact and expert witnesses
testified, and after reviewing more than 4,000 pages of sworn
declarations and expert testimony from many parties.

[Wednes]day's decision confirming Purdue's Plan comes after a
multi-year, arduous, inclusive process in which governments,
creditors, and representatives of individual victims came together
to forge a solution that received the support of more than 95% of
Purdue's creditors. This process included more than a year of
mediation among multiple groups of governmental and private
creditors as well as opposite the shareholders. "We deeply
appreciate all of the parties who poured their hearts and souls
into this process, and we admire the individuals who came forward
to share their stories," Mr. Miller continued. "We are committed to
expeditiously handing over Purdue's assets to the new
post-emergence company with a public-minded mission and the
capability to develop medicines that can help with the opioid
crisis."

As soon as the plan becomes effective, billions of dollars in value
will begin to flow into a National Opioid Abatement Trust ("NOAT")
established with a mission to fund opioid crisis abatement efforts
in satisfaction of the claims brought by states and localities, as
well as to opioid abatement trusts established for the benefit of
other creditors such as Native American Tribes (the "Tribe Trust"),
hospitals, third-party payors, and children with a history of
Neonatal Abstinence Syndrome and their guardians. An additional
$700 to $750 million will be provided to trusts that will make
distributions to qualified personal injury claimants.

Purdue will cease to exist, and substantially all of its operating
assets will be transferred to a newly formed company with a
public-minded mission of addressing the opioid crisis. The new
company will be owned primarily by NOAT, with the Tribe Trust
holding a minority interest. The new post-emergence company will
also develop and distribute millions of doses of opioid addiction
treatment and overdose reversal medicines.

The Sackler families will have no involvement in the new company,
and are paying $4.325 billion (in addition to $225 million already
paid to the United States Department of Justice) into the estates.
Moreover, during the course of the trial, the bankruptcy court
materially narrowed the scope and reach of the releases being
provided to the shareholders under the settlement.

Purpose, Governance & Oversight

The new company will operate in a responsible and sustainable
manner, taking into account long-term public health interests
related to the opioid crisis. The new company will continue serving
patients and consumers who rely on Purdue's existing medicines and
products, pursuing its pipeline, and introducing new medicines.

The new company will be governed by new independent board members
selected by the stakeholders. It will be held to the highest
standards of conduct, required to comply with a detailed injunction
continuing to restrict the promotion of opioid products, and will
be subject to operating covenants to ensure that all of its
products, including all opioid products, are provided in a safe
manner that reduces the risk of diversion. A corporate monitor will
continue to ensure that the new company complies with the
court-ordered injunction, and will report regularly on compliance.

Providing Unprecedented Transparency

The company committed at the outset of the bankruptcy proceeding to
create a document repository making publicly available core
documents related to its historical sales and marketing practices.
Tens of millions of documents will ultimately be placed in the
public repository.

The repository will initially hold about 13.7 million documents,
primarily including the documents that have already been produced
in various legal proceedings and that relate to the development and
promotion of opioids.

The company also agreed to provide millions of additional documents
not previously produced in any litigation or investigation, as well
as hundreds of thousands of privileged documents from the years
when Purdue developed and promoted opioids.

The repository will be significantly larger than the entire tobacco
industry repository – which covered decades, multiple companies,
and included no privileged documents.

The new company will publish semi-annual reports that will describe
the effectuation of its core mission, the short-term and long-term
value being created by the company, and the public benefits being
achieved consistent with its mission. In addition, each abatement
trust will publish annual reports on the disbursement and use of
abatement funds. Compliance with directing funds for authorized
abatement purposes will be tracked within these reports.

Advancing Public Health

Utilizing its scientific and technical expertise, the new company
will oversee the ongoing development and eventual distribution of
three opioid addiction treatment and overdose reversal medicines
that can potentially save and improve lives*.

1. Buprenorphine naloxone tablets – The new company will
provide/distribute millions of doses of a generic version of
buprenorphine and naloxone sublingual tablets CIII, a treatment for
opioid dependence. The FDA approved a generic version of
buprenorphine and naloxone tablets, in 2020. (For full prescribing
information, click here; for the medication guide and warnings,
click here.)

2. Over-the-counter (OTC) naloxone nasal spray – The company will
continue to support the development of a low-cost, OTC naloxone
intranasal spray through a collaboration with Harm Reduction
Therapeutics that will be sold over-the-counter without a
prescription, and for a fraction of the cost of existing naloxone
nasal spray therapy, making it easier for more people to afford,
access, and use.

3. Injectable nalmefene – The company will continue to advance
the development of injectable nalmefene, an opioid antagonist
designed to reverse opioid overdose, in three dosage forms: vial,
prefilled syringe, and autoinjector. The FDA previously granted
Competitive Generic Therapy designation for the vial and prefilled
syringe, and Fast Track designation for the autoinjector. Nalmefene
may be another treatment option to help address the growing and
continuing crisis of opioid overdose deaths, including those due to
fentanyl and other synthetic opioids.

A Plan with Unprecedented Support

The Plan was supported by more than 95% of the more than 120,000
voting creditors, almost 97% of state and local governmental
creditors, bi-partisan state attorneys general from 43
states/territories, and (1) the Official Committee of Unsecured
Creditors, (2) the Ad Hoc Committee of Governmental and Other
Contingent Litigation Claimants, (3) the Multi-State Governmental
Entities Group, (4) the Native American Tribes Group, (5) the Ad
Hoc Group of Individual Victims, (6) the Ad Hoc Group of Hospitals,
(7) the Third-Party Payor Group, (8) the Ratepayer Mediation
Participants, and (9) the NAS Committee representing caregivers and
children affected by NAS who filed claims against Purdue.

"There has been extensive collaboration among a wide range of
stakeholders over the past two years, and we are grateful for the
tireless work and good-faith efforts of so many who have brought us
to this point," said Mr. Miller. "While there is historically broad
support for the plan, we also know that there have been deeply held
views on the other side. We are hopeful that this is the moment
where all parties will join the overwhelming majority so that the
billions of dollars can begin to flow on day one."

*This information discusses investigational uses of agents in
development and is not intended to convey conclusions about
efficacy or safety. There is no guarantee that the medications
listed in this release will successfully complete development or
gain FDA approval.

Purdue's plan of reorganization will deliver billions in value to
communities across the country to fund programs specifically for
abatement of the opioid crisis. The bankruptcy settlement will also
deliver funds to private abatement trusts for the benefit of
personal injury claimants.

Substantially all of Purdue's assets will be transferred to a new
post-emergence company with a public-minded mission. This new
company will be governed by new independent board members, and will
operate in a responsible and sustainable manner taking into account
long-term public health interests relating to the opioid crisis.
The company will continue serving patients and consumers who rely
on its medicines and products, pursuing its pipeline, and
introducing medicines that will help save and improve lives.

                      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: Connecticut AG to Appeal Plan Approval
------------------------------------------------------
Connecticut Attorney General William Tong issued a statement
regarding Judge Robert Drain's decision on September 1, 2021 that
he will approve a bankruptcy plan for Purdue Pharma that grants a
lifetime legal shield to the Sackler family. The plan purports to
extinguish Connecticut's claims against Purdue and, most
strikingly, the non-bankrupt Sacklers using a controversial and
unprecedented legal maneuver that has resulted in calls for federal
bankruptcy reform to ensure this miscarriage of justice can never
be repeated.

Connecticut plans to file a notice of appeal. Attorney General Tong
is actively weighing all options for next legal steps in
conjunction with other opposing parties.

"Our bankruptcy system is broken. Connecticut is prepared to
appeal, and we are weighing all viable options to preserve our
claims against the Sacklers," said Attorney General Tong. "The
Sacklers are not bankrupt, and they should not be allowed to
manipulate bankruptcy laws to evade justice and protect their blood
money. This decision is a slap in the face to the millions of
suffering and grieving Americans who have lost their lives and
loved ones due to the Sacklers calculated and craven pursuit of
opioid profits. We need bankruptcy reform now to close the
non-debtor release loophole to ensure wealthy bad actors cannot
misuse our bankruptcy courts to escape justice."

Purdue's bankruptcy plan requires the Sackler family to pay $4.3
billion over nine years to states, municipalities and private
plaintiffs, including Connecticut.

Attorney General Tong joined eight other attorneys general filing
objections in the U.S. Bankruptcy Court for the Southern District
of New York. The objections note that the Sackler family made at
least $11 billion in profits from producing and deceptively
marketing OxyContin, a major driver in the rise of the opioid
crisis and, importantly, the Sacker family is not bankrupt or even
claiming bankruptcy. The crisis has cost the nation millions of
lives and more than $2 trillion in damage.

Attorney General Tong testified before the House Judiciary
Subcommittee on Antitrust, Commercial, and Administrative Law last
month in support of bankruptcy reform.

                       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: Ryan Hampton Out as Committee Member
---------------------------------------------------
The U.S. Trustee for Region 2 disclosed in a court filing that as
of Sept. 1, these creditors are the remaining members of the
official committee of unsecured creditors in the Chapter 11 cases
of Purdue Pharma L.P. and its affiliates:

     1. West Boca Medical Center
        21644 Florida Highway
        Boca Raton, FL 33428
        Attention: Paige Kesman, Assistant General Counsel
        Telephone: (496) 892-2000

     2. CVS Caremark Part D Services L.L.C. and
        CaremarkPCS Health, L.L.C.
        2211 Sanders Road, NBT-9
        Northbrook, IL 60062
        Attention: Andrea Zollett, Senior Legal Counsel
        Telephone: (847) 599-4106

     3. LTS Lohmann Therapy Systems Corporation
        21 Henderson Drive
        West Caldwell, NJ 07006
        Attention: Stephanie Satz, General Counsel (US)
        Telephone: (973) 276-8925

     4. Blue Cross and Blue Shield Association
        1310 G Street NW
        Washington, DC 20005
        Attention: Brendan Stuhan, Assistant General Counsel
        Telephone: (202) 942-1069

     5. Pension Benefit Guaranty Corporation
        1200 K Street, NW
        Washington, DC 20005
        Attention: Adi Berger, Director
        Telephone: (202) 326-4000

     6. Kara Trainor

     7. Cheryl Juaire

     8. Walter Lee Salmons

Ryan Hampton was previously identified as member of the creditors
committee.  His name no longer appears in the new notice.

                        About Purdue Pharma

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers.  More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation. The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.   

The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP as
legal counsel; PJT Partners as investment banker; AlixPartners as
financial advisor; and Grant Thornton, LLP as tax structuring
consultant.  Prime Clerk LLC is the claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in the Debtors'
bankruptcy cases.

David M. Klauder, Esq., is the fee examiner appointed in the
Debtors' cases.  The fee examiner is represented by Bielli &
Klauder, LLC.


REAL WATER: Files Chapter 7 Bankruptcy Protection
-------------------------------------------------
Clarissa Hawes, writing for FreightWaves, reports that
AffinityLifestyles.com and its affiliates, Real Water Inc. and Real
Water of Tennessee, filed for Chapter 7 bankruptcy on Aug. 20,
2021. The move comes two months after a federal court ordered the
companies to stop producing or distributing bottled water and water
concentrate under the brand names Re2al Water Drinking Water and
Re2al Alkalized Water at its Mesa, Arizona, and Henderson
facilities.

Among the companies' top 20 unsecured credits are several trucking
and logistics firms, including Chicago-based Echo Global Logistics,
owed nearly $38,000, GlobalTranz of Phoenix, Arizona, owed more
than $31,300 and XPO Logistics in Las Vegas, owed around $22,000.

In May 2021, the Department of Justice filed suit against Real
Water and executives, Brent A. Jones, a former Nevada lawmaker, and
his son, Blain K. Jones, alleging a series of sanitation and
labeling failures led to an outbreak of liver illnesses tied to the
products.

FDA investigators claim Real Water personnel had not "properly
cleaned and sanitized the water tanks in which they mix processed
municipal tap water with E2 Concentrate, potentially leading to
chemical and microbial contamination" at its two facilities,
according to the lawsuit filed by the DOJ.

Real Water settled the suit with federal authorities in June 2021.


"While the companies marketed their products as a healthy
alternative to tap water, the government alleged that the products,
in fact, consisted of municipal tap water that the defendants
processed with various chemicals in violation of current good
manufacturing practices, relevant food safety standards and hazard
prevention measures," according to court documents.

The DOJ filed the complaint after the FDA received reports that at
least 16 adults and children experienced acute non-viral hepatitis
after drinking Real Water. Court documents state that five children
experienced acute liver failure after drinking the products.

At least 21 lawsuits have been filed against Real Water and its
executives since the company issued a voluntary recall of all of
its products in March. The FDA found that despite its products
being linked to a nationwide hepatitis outbreak, Real Water
products were still being sold online.

                  No funds for unsecured creditors

Managing entity AffinityLifestyles.com lists assets for its company
as between $1 million and $10 million, liabilities as between
$500,000 and $1 million and states that it has up to 99 creditors,
according to its bankruptcy petition filed in the U.S. Bankruptcy
Court for the District of Nevada.

Real Waters lists both its assets and liabilities as between $1
million and $10 million and has up to 199 creditors, according to
court filings. Real Water of Tennessee states its assets are
between $100,000 to $500,000 and its liabilities are between
$500,000 to $1 million. It has up to 49 creditors.

Brent A. Jones, president and founder of the Re2al Water brands,
stated in his petition that after administrative fees are paid, no
funds will be available for unsecured creditors.

Matthew C. Zirzow, bankruptcy attorney for Real Water and its
affiliates, did not respond to FreightWaves' request seeking
comment.

A creditors' meeting for AffinityLifestyles.com and its affiliates
is scheduled for Sept. 20, 2021 in Las Vegas.

                         About Real Water

Real Water is a Nevada-based water company that offers stable
negative ionized antioxidant water.  Real Water Inc. sought Chapter
7 protection (Bankr. D. Nev. Case No. 21-14101) on August 19, 2021.
The case is handled by Honorable Judge Mike K. Nakagawa.  MATTHEW
C. ZIRZOW, of Larson & Zirzow, LLC, is the Debtor's counsel.


REGIONAL HOUSING: Taps GGG as Interim Management Services Provider
------------------------------------------------------------------
Regional Housing & Community Services Corp. and its affiliates seek
approval from the U.S. Bankruptcy Court for the Northern District
of Georgia to employ GGG Partners, LLC to provide interim
management services.

GGG Partners will render these services:

     (a) evaluate the Debtors' operations, cash flows and financial
position;

     (b) work with the Debtor and management company to prepare
information for a potential Chapter 11 filing;

     (c) evaluate and validate cash flows and determine any cash
flow shortfalls;

     (d) work with the Debtors' personnel to ensure that all
Chapter 11 related reporting and requirements are filed in a timely
manner;

     (e) explore strategic alternatives to maximize value for all
creditors;

     (f) evaluate the most appropriate course of action for the
Debtors;

     (g) work to effectuate the course of action in conjunction
with the Debtors' counsel and management;

     (h) work with the Debtors and counsel to seek approval for the
most appropriate plan;

     (i) act generally as the Debtors' chief restructuring
officer.

The hourly rates of GGG Partners' professionals are as follows:

     Katie S. Goodman        $375 per hour
     Associates       $300 - $350 per hour

In addition, GGG Partners will seek reimbursement for expenses
incurred.

Prior to the commencement of the Debtors' Chapter 11 cases, GGG
received a retainer in the amount of $40,000 for its services to be
rendered during these cases.

Katie Goodman, managing member of GGG Partners, disclosed in a
court filing that the firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Katie Goodman
     GGG Partners, LLC
     3155 Roswell Rd. NE, Suite 120
     Atlanta, GA 30305
     Telephone: (404) 256-0003
     Facsimile: (404) 256-4555
     Email: kgoodman@gggpartners.com

            About Regional Housing & Community Services

Regional Housing & Community Services Corp. and its affiliates
filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 21-41034) on Aug. 26,
2021, listing as much as $100,000 in both assets and liabilities.

Judge Paul W. Bonapfel oversees the cases.

The Debtor tapped Scroggins & Williamson, P.C. as legal counsel and
GGG Partners, LLC as interim management services provider. Kurtzman
Carson Consultants, LLC is the claims, noticing and balloting
agent.


RESULTS FITNESS: Case Summary & 9 Unsecured Creditors
-----------------------------------------------------
Debtor: Results Fitness, LLC
        1990 Cheneyville Rd
        Owings, MD 20736-4355

Chapter 11 Petition Date: September 1, 2021

Court: United States Bankruptcy Court
       District of Maryland

Case No.: 21-15602

Debtor's Counsel: Thomas F. DeCaro, Jr., Esq.
                  DECARO & HOWELL P.C.
                  14406 Old Mill Road
                  Suite 201
                  Upper Marlboro, MD 20772
                  Tel: 301-464-1400
                  Fax: 301-464-4776
                  E-mail: tffd@erols.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Carter as managing member.

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

https://www.pacermonitor.com/view/CCXVUEY/Results_Fitness_LLC__mdbke-21-15602__0001.0.pdf?mcid=tGE4TAMA


ROCHELLE HOLDINGS: Disclosure Statement Wins Conditional OK
-----------------------------------------------------------
Judge Lori V. Vaughan of the U.S. Bankruptcy Court for the Middle
District of Florida conditionally approved the Disclosure Statement
of Rochelle Holdings XIII LLC.

Judge Vaughan will convene an evidentiary hearing on September 29
to 30, 2021 at 10 a.m. in connection with the final approval of the
Disclosure Statement and confirmation of the Plan.

A copy of the order is available for free at https://bit.ly/38w6wIo
from PacerMonitor.com.

                 About Rochelle Holdings XIII LLC

Rochelle Holdings XIII LLC is a Single Asset Real Estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

Rochelle Holdings sought voluntary Chapter 11 protection (Bankr.
M.D. Fla. Case No. 21-03216) on July 15, 2021.  In the petition
signed by managing member Matthew R. Hill, Rochelle Holdings
disclosed assets of $85,000,0000 and estimated liabilities of
$29,055,000.  Lawrence M. Kosto, Esq., of LAWRENCE M. KOSTO, is the
Debtor's counsel.


ROCKWORX INC: Gets OK to Hire Kutner Brinen as Local Counsel
------------------------------------------------------------
Rockworx, Inc. received approval from the U.S. Bankruptcy Court for
the District of Colorado to hire Kutner Brinen Dickey Riley, P.C.
to serve as local counsel in its Chapter 11 case.

Fox Law will render these services:

     a. provide the Debtor with legal advice with respect to its
powers and duties;

     b. assist the Debtor in the development of a plan of
reorganization under Chapter 11;

     c. file the necessary pleadings, reports and actions, which
may be required in the continued administration of the Debtor's
property under Chapter 11;

     d. take necessary actions to enjoin and stay until final
decree continuation of pending proceedings and to enjoin and stay
until final decree the commencement of proceedings and all matters
as may be provided under Section 362 of the Bankruptcy Code; and

     e. perform all other legal services for the Debtor, which may
be necessary but not to represent the Debtor in non-bankruptcy
proceedings.

The firm's hourly rates are as follows:

     Jeffrey S. Brinen    $500 per hour
     Jenny Fujii          $410 per hour
     Jonathan M. Dickey   $350 per hour
     Keri L. Riley        $350 per hour
     Paralegal            $100 per hour

The firm received a retainer in the amount of $15,000.

As disclosed in court filings, Kutner is disinterested within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jonathan M. Dickey, Esq.
     Kutner Brinen Dickey Riley, P.C.
     1660 Lincoln Street, Suite 1720
     Denver, CO 80264
     Tel: 303-832-3047
     Email: jmd@kutnerlaw.com

                        About Rockworx Inc.

Rockworx, Inc., an aggregate supplier in Pueblo, Colo., filed its
voluntary petition for Chapter 11 protection  (Bankr. D. Colo. Case
No. 21-14527) on Aug. 31, 2021, listing $1,310,706 in assets and
$1,310,706 in liabilities.  Rockworx President Sean Dudley signed
the petition.  

Judge Kimberley H. Tyson oversees the case.  

The Fox Law Corporation, Inc. and Kutner Brinen Dickey Riley, P.C.
serve as the Debtor's lead bankruptcy counsel and local counsel,
respectively.


RONNY'S A-LA-CARTE: Claims Will be Paid From Continued Operations
-----------------------------------------------------------------
Ronny's A-La-Carte, Inc. submitted a Plan of Reorganization for the
resolution of the Claims against Debtor.

The filing of the petition was prompted by a need to restructure
debt arising from prepetition litigation, specifically a lawsuit
from a distributor, Buffalo Rock Company, Inc. v. Pepsico, Inc. et
al, No. 01-CV-2019-900217.00 (Jefferson County Alabama Circuit
Court) and a suit to confirm a $1.5 million arbitration award from
Bottling Group (Pepsi) related to the same. Bottling Group LLC v.
Ronny's A-La-Carte, Inc. No. 7:21-cv-01129-PMH (S.D.N.Y.).

Ronny's A-La-Carte, Inc. filed bankruptcy on July 13, 2021 to
reorganize its affairs.

Class 1 consists of any Secured Claim or Priority Tax Claim against
Debtor held by the Internal Revenue Service (the "IRS") which was
assessable or due and payable prior to the Filing Date (the "Class
1 IRS Tax Claim"). The IRS filed Proof of Claim 1 on July 27, 2021
for estimated taxes due of $3,958.49. The Government Bar Date for
filing proofs of claim is fixed by 11 U.S.C. §502 and is January
10, 2022. Upon passage of the Government Bar Date, any claim
asserted or assertable by the IRS on or before the Filing Date or
treated as arising prior to the Filing Date pursuant to 11 U.S.C.
§502(i) shall: (i) be time barred and fixed as provided in the
Plan, subject to Debtor's right to object to the same and (ii) any
other, additional or amended claim assessable on or prior to the
Filing Date shall be disallowed in its entirety and forever
discharged.

Class 4 consists of general unsecured claims not otherwise
specifically classified in the Plan. Debtor will pay Allowed
Unsecured Claims a pro-rata share of the following monthly
distributions commencing on the 28th day of the 1st month following
the Effective Date and continuing on the 28th day of each
subsequent month through and including the 36th month in the
monthly amount:

          Month       Payment
         
          Months 1-18 $200.00
         
          Months 19-36 $1,200.00

Class 5 consists of the shareholder loan claims noted on the books
and records of the Debtor other than the May 26, 2021 Ronny Shiflet
Note. Such claims are scheduled by the Debtor at $108,869.29. Such
claims shall not receive any distribution under the Plan. The Claim
of the Class 5 Creditors are Impaired by the Plan and the holders
of Class 5 Claims are entitled to vote to accept or reject the
Plan.

Class 6 consists of the Interest Claims. Ronny Shiflet shall retain
his interest of the shares in Debtor.

The Subchapter V Trustee was appointed by the United States Trustee
in this case to perform the duties described in section 1183(b) of
the Bankruptcy Code, one of which is to facilitate the development
of a consensual plan of reorganization.

The source of funds for the payments pursuant to the Plan is
Debtor's operations or other income. Debtor will continue its
prepetition business and use this income to pay creditors under the
Plan.

A full-text copy of the Plan of Reorganization dated August 30,
2021, is available at https://bit.ly/3zE66eV from PacerMonitor.com
at no charge.

Attorneys for Debtor:

     Nathan T. Juster, Esq.
     Jones & Walden, LLC
     699 Piedmont Avenue, NE
     Atlanta, GA 30308
     Tel: (404) 564-9300

                   About Ronny's A-La-Carte Inc.

Ronnys A-La-Carte, Inc., an Atlanta, Ga.-based merchant wholesaler
of grocery and related products, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 21-55239) on July
13, 2021.  Ronny Shiflet, chief executive officer, signed the
petition.  At the time of the filing, the Debtor disclosed assets
of between $100,000 and $500,000 and liabilities of between $1
million and $10 million.  Judge Paul Baisier oversees the case.
Jones & Walden, LLC is the Debtor's legal counsel.


SAN DIEGO TACO: Case Summary & 19 Unsecured Creditors
-----------------------------------------------------
Debtor: San Diego Taco Company, Inc.
           dba Salud!
        2196 Logan Avenue
        San Diego, CA 92113

Business Description: San Diego Taco Company, Inc. is part of the
                      restaurant industry specializing in Mexican

                      cuisine.

Chapter 11 Petition Date: September 2, 2021

Court: United States Bankruptcy Court
       Southern District of California

Case No.: 21-03594

Judge: Hon. Christopher B. Latham

Debtor's Counsel: Jason E. Turner, Esq.
                  J. TURNER LAW GROUP, APC
                  2563 Mast Way Ste 202
                  Chula Vista, CA 91914-4539
                  Tel: (619) 684-4005
                  Email: jturner@jturnerlawgroup.com

Total Assets: $615,570

Total Liabilities: $1,597,598

The petition was signed by Ernie Becerra III as president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 19 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/WFCQJBY/San_Diego_Taco_Company_Inc__casbke-21-03594__0001.0.pdf?mcid=tGE4TAMA


SANTA MARIA BREWING: Oct. 19 Plan Confirmation Hearing Set
----------------------------------------------------------
Santa Maria Brewing Co., Inc., filed with the U.S. Bankruptcy Court
for the Central District of California a motion for entry of an
order approving the Disclosure Statement.

On August 30, 2021, Judge Deborah J. Saltzman granted the motion
and ordered that:

     * The Disclosure Statement is approved.

     * Oct. 1, 2021, at 5:00 p.m. is fixed as the last day for
creditors to submit ballots accepting or rejecting the Plan to be
counted as votes.

     * Oct. 19, 2021, at 11:30 a.m. is the hearing to consider
confirmation of the Plan.

     * Oct. 1, 2021, is fixed as the last day for any interested
party to file and serve objections to confirmation of the Plan.

     * Oct. 8, 2021, is fixed as the last day for the Debtor to
file a confirmation brief including evidence in support of
confirmation and reply to any objections.

A copy of the order dated August 30, 2021, is available at
https://bit.ly/3BPH2Th from PacerMonitor.com at no charge.

Attorneys for the Debtor:
   
     Leslie A. Cohen, Esq.
     J'aime K. Williams, Esq.
     Leslie Cohen Law, PC
     506 Santa Monica Blvd., Suite 200
     Santa Monica, CA 90401
     Telephone: (310) 394-5900
     Facsimile: (310) 394-9280
     Email: leslie@lesliecohenlaw.com
            jaime@lesliecohenlaw.com

                    About Santa Maria Brewing

Santa Maria Brewing Co. Inc. filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal.
Case No. 20-11486) on Dec. 15, 2020.  Byron Moles, chief executive
officer, signed the petition. At the time of the filing, the Debtor
disclosed $1 million to $10 million in assets and $10 million to
$50 million in liabilities.  Judge Deborah J. Saltzman oversees the
case.  Leslie Cohen Law, PC serves as the Debtor's bankruptcy
counsel.


SEQUENTIAL BRANDS: Jessica Simpson Wants to Buy Back Brand
----------------------------------------------------------
Law360 reports that singer Jessica Simpson has offered to buy out
Sequential Brands' interest in her clothing line for $65 million,
the company told a Delaware bankruptcy judge Wednesday, September
1, 2021, as it opened its Chapter 11 case.

During a first-day hearing held virtually, debtor attorney Joshua
Brody of Gibson Dunn & Crutcher LLP said the recording artist and
her family had offered to purchase Sequential's 62.5% interest in
the Jessica Simpson Collection.  That proposal joins $370 million
in committed stalking horse offers for the debtor's activewear and
Joe's Jeans business lines.

                     About Sequential Brands

Sequential Brands Group (NASDAQ:SQBG) together with its
subsidiaries, owns various consumer brands.  The company licenses
its brands for a range of product categories, including apparel,
footwear, fashion accessories, and home goods.

Sequential Brands Group, Inc. and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 21-11194) on Aug. 31,
2021.

The Company disclosed total assets of $442,774,937 and debt of
$435,073,539 as of Aug. 30, 2021.

The Hon. John T. Dorsey is the case judge.

Gibson, Dunn & Crutcher LLP and Pachulski Stang Ziehl & Jones LLP
are serving as Sequential's legal counsel. Stifel and its affiliate
Miller Buckfire & Co. are serving as Sequential's investment
banker.  Kurtzman Carson Consultants LLC is the claims agent.


SHARITY MINISTRIES: David Parmer Appointed to Members' Committee
----------------------------------------------------------------
The U.S. Trustee for Region 3 appointed David Parmer to the
official committee that was formed to represent members of Sharity
Ministries Inc. in its Chapter 11 case.

Meanwhile, Laurence Spero resigned as committee member.  

As of Sept. 1, the committee is composed of:

     1. Joseph McCarthy
        Phone: 757-880-0466
        E-mail: jmccarthy@americanbus.com

     2. Cynthia Briseno
        Phone: 541-507-7403
        E-mail: mikecyn56@gmail.com

     3. David Parmer
        Phone: 936-207-0034
        E-mail: parmercounseling@gmail.com

     4. Celeste Stranahan
        Phone: 813-310-0721
        E-mail: cjstran@gmail.com

     5. Cindy Powers
        Phone: 325-423-2727
        E-mail: kjcco2264@gmail.com

                   About Sharity Ministries Inc.

Established in 2018, Sharity Ministries Inc. is a 501(c)(3)
faith-based nonprofit corporation in Roswell, Ga., that operates a
health care sharing ministry, a medical cost-sharing arrangement
among persons of similarly and sincerely held religious beliefs.

Sharity Ministries sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 21-11001) on July 8, 2021.
As of March 31, 2021, the Debtor had total assets of $4,496,871 and
total liabilities of $2,922,214.  Judge John T. Dorsey oversees the
case.

The Debtor tapped Landis Rath & Cobb, LLP and Baker & Hostetler,
LLP as legal counsel, and SOLIC Capital Advisors, LLC as
restructuring advisor.  Neil Luria of SOLIC serves as the Debtor's
chief restructuring officer.  BMC Group, Inc. is the claims and
noticing agent and administrative advisor.

The U.S. Trustee for Region 3 appointed an official committee of
members of Sharity Ministries in its Chapter 11 case.  The members'
committee is represented by David William Giattino, Esq.


SITO MOBILE: US Trustee Opposes Impermissible Injunction Provision
------------------------------------------------------------------
The United States Trustee objects to confirmation of the First
Amended Joint Plan of Reorganization of Debtors Sito Mobile
Solutions, Inc., Sito Mobile, Ltd., and Sito Mobile R&D, IP, LLC.

The U.S. Trustee objects to several of the provisions of the First
Amended Joint Plan. The First Amended Joint Plan includes an
overbroad exculpation provision, third-party release provision, and
an impermissible injunction provision. In addition, the First
Amended Joint Plan provides for substantive consolidation without
having filed a prior Motion or providing a basis for such
substantive consolidation.

The United States Trustee points out that the exculpation provision
exceeds permissible parameters. Contrary to the limits of
exculpation, the First Amended Joint Plan includes as "Exculpated
Parties" the DIP Lenders and the Plan Funders who are not
fiduciaries of the estate.

The United States Trustee states that the First Amended Joint Plan
provides for the third-party release for the benefit of the Plan
Funders. It appears that the Plan Funders have satisfied the
"hallmarks" that would support a third-party release in Continental
however, the Debtors must make a complete record at the time of
Confirmation.

The United States asserts that the Debtors did not seek Substantive
Consolidation in these cases by prior motion and the First Amended
Plan is devoid of any basis as to why the Debtors should be
substantively consolidated. The Debtors must provide evidence that
the entities disregarded separateness so significantly that their
creditors relied on this failure and treated the entities as one,
or (ii) postpetition, their assets and liabilities are so entangled
that separating them is prohibitive and will hurt all creditors to
support its request for Substantive Consolidation.

A full-text copy of the United States Trustee's objection dated
August 30, 2021, is available at  https://bit.ly/2WJtFom from
PacerMonitor.com at no charge.

           About SITO Mobile

SITO -- https://www.sitomobile.com -- is a developer of customized,
data-driven solutions for brands spanning strategic insights and
media.  The platform reveals a deeper and more meaningful
understanding of customer interests, actions, and experiences
providing increased clarity for clients when it comes to navigating
business decisions.

Jersey City, N.J.-based Sito Mobile Ltd., and its affiliates SITO
Mobile Solutions, Inc., and SITO Mobile R&D IP, LLC, filed Chapter
11 petitions (Bankr. D.N.J. Case Nos.  20-21435, 20-21436 and 20
21437) on October 8, 2020. The petitions were signed by CEO Thomas
Candelaria.

Sito Mobile Ltd.'s declared total assets at $0 and total
liabilities at $21,027,306.  SITO Mobile Solutions declared total
assets at $592,565 and total liabilities at $21,019,306. SITO
Mobile R&D declared total assets at $2,674,944 and total
liabilities at $19,727,206.

The Honorable Rosemary Gambardella is the case judge.

The Debtors hired Daniel M. Stolz, Esq., at Wasserman, Jurista &
Stolz, P.C. as counsel.  In January 2021, Wasserman, Jurista &
Stolz was merged into Genova Burns in anticipation of a surge of
midsized clients facing bankruptcies and restructurings. The
Debtors are now represented by Genova Burns, LLC.

The Official Committee of General Unsecured Creditors is
represented by lawyers at Perkins Coie LLP.


SK HOLDCO: S&P Downgrades ICR to 'CCC' on Rising Liquidity Risk
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on SK HoldCo
LLC (Service King) to 'CCC' from 'CCC+', its issue-level rating on
its senior secured debt to 'CCC' from 'CCC+', and its issue-level
rating on its senior unsecured notes to 'CC' from 'CCC-'.

The negative outlook reflects the increased risk that the company
will default on its debt. This could include a payment default or a
refinancing or restructuring transaction that S&P considers
distressed because its debtholders receive less than par.

S&P said, "We revised our assessment of Service King's liquidity to
weak because of the July 1, 2022, springing maturity on its term
loan, which will cause the entire $775 million term loan to become
current if more than $135 million of its $375 million unsecured
notes due Oct.. 1, 2022, remain outstanding on that date.We now
include $241 million (the difference between the $375 million notes
and the maximum allowed to avoid a springing maturity on the term
loan) of debt repayment in our liquidity assumptions over the next
12 months. The weak assessment reflects our expectation that
Service King's sources of liquidity will be less than 0.2x its uses
over the next 12 months after accounting for these upcoming
maturities.

"We continue to believe that a debt restructuring is likely.Service
King faces continued (albeit less so) weaker collision volumes,
increasing labor costs, and elevated refinancing risks, thus we
view a distressed exchange as increasingly likely as it seeks to
address its capital structure and upcoming debt maturities.

"The negative outlook reflects the increased risk that Service King
will default on its debt. This could occur due to a payment default
or a refinancing or restructuring transaction that we consider
distressed because its debtholders receive less than par. It also
reflects the uncertainty around how quickly the company's revenue
and margins will stabilize given the ongoing recovery from the
pandemic.

"We would lower our rating on Service King if it enters into a debt
exchange that we view as distressed or a bankruptcy or default
appear inevitable over the next six months. This could occur if the
company fails to address the maturity of its notes due Oct. 1,
2022, given the springing maturity on its term loan B.

"We could raise our rating on Service King if it successfully
refinances its unsecured notes without undertaking a debt exchange
that we view as a selective default."



SOTO'S AUTO: Taps Accounting & Business Partners as Accountant
--------------------------------------------------------------
Soto's Auto & Truck Repairs Service, Inc. received approval from
the U.S. Bankruptcy Court for the Middle District of Florida to
employ Accounting & Business Partners, LLC as its accountant.

The Debtor needs the assistance of an accountant to provide
traditional bookkeeping, payroll, and accounting services as well
as bankruptcy reporting services.

For the first six months of the engagement, the firm will be billed
hourly based on the following rates:

     (a) $35 for administrative services;
     (b) $65 for bookkeeping services;
     (c) $105 for payroll and tax services; and
     (d) $195 for services performed by a certified public
accountant.

Beginning in the seventh month of the engagement, traditional
bookkeeping, payroll, and accounting services will be billed at a
flat monthly rate of $575.

In addition, the firm will seek reimbursement for expenses
incurred.

The firm has requested a $5,000 retainer from the Debtor.

Andrea Bone, the founder of Accounting & Business Partners,
disclosed in a court filing that the firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Andrea Bone, CPA
     Accounting & Business Partners, LLC
     10730 102nd Ave. N.
     Seminole, FL 33778
     Telephone: (727) 828-9945
     Facsimile: (727) 255-7788
  
             About Soto's Auto & Truck Repairs Service

Soto's Auto & Truck Repairs Service, Inc. is a family-owned diesel
truck repair company founded in March 2004. It provides heavy-duty
truck repair and maintenance services, including engine repairs,
overhauls, and replacements, as well as mobile truck repair and
maintenance services.

Soto's Auto & Truck filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
21-04131) on Aug. 6, 2021, disclosing up to $500,000 in assets and
up to $1 million in liabilities. John Soto, president, signed the
petition.

The Debtor tapped Stichter, Riedel, Blain & Postler, PA as legal
counsel and Accounting & Business Partners, LLC as accountant.


SOUTHWESTERN ENERGY: S&P Ups ICR to 'BB' on Close of Acquisition
----------------------------------------------------------------
S&P Global Ratings raised the issuer and issue-level rating on
U.S.-based exploration and production (E&P) company Southwestern
Energy Co. to 'BB'. S&P removed the ratings from CreditWatch where
it placed them with positive implications on June 2, 2021.

The positive outlook reflects S&P's view that credit measures will
improve through 2022 as the company generates significant free cash
flow, which it expects to go toward debt reduction.

The acquisition of Indigo increases Southwestern's size and scale,
but more importantly provides geographic diversification. The
acquisition increases Southwestern's pro forma reserves to
approximately 15 trillion cubic feet as of year-end 2020 and
production to about 4.1 billion cubic feet equivalent per day. The
acquisition also provides the company with a new core dry gas asset
in the Haynesville adding more than 1,000 inventory locations and
more than 330 producing wells across 149,000 net surface acres.
Importantly, the acquisition will decrease the company's exposure
to in-basin pricing in Appalachia, which has often resulted in
significantly negative pricing differentials. In addition, Indigo's
good cost structure and pricing in Gulf Coast markets should
increase Southwestern's exploration and production margin by
$0.15-per million cubic feet, which will improve profitability. The
combination also provides Southwestern with multiple sales
locations in Greater Appalachia and the Gulf Coast, which has
exposure to international markets, where demand for liquified
natural gas is growing.

S&P said, "Under our revised price assumptions and pro forma for
the acquisition of Indigo, we forecast Southwestern's credit
metrics will strengthen in 2022. S&P Global Ratings recently
revised its Henry Hub natural gas price to average $3.50/mmBtu for
the remainder of 2021 and $3.00/mmBtu for 2022. We now project the
company's funds from operations (FFO) to debt in the range of
30-35% in 2021, increasing to 45%-50% in 2022 and debt to EBITDA in
the range of 2.5x-3x in 2021, decreasing to 1.5x-2x in 2022 as the
acquisition of Indigo is integrated. Additionally, the company
expects to generate more than $2.0 billion of free cash flow
through 2023 under current strip prices and its existing hedge
program. Although the company will miss some upside related to
current strong natural gas pricing due to a strong hedge book in
2021 and 2022, we view the hedging program as supportive of cash
flow and providing more certainty in expected debt repayment,
including its remaining $207 million of unsecured notes due 2022
and borrowings under its revolving credit facility. We expect
Southwestern to maintain a financial policy that focuses on cash
flow generation and balance sheet strengthening, and that any
future shareholder returns would not increase debt levels.

"The positive outlook on Southwestern reflects our expectation that
the company's financial measures will continue to improve over the
next year as they focus on continued debt reduction, cost
improvements, and integrating the lower-cost Indigo assets. We
expect Southwestern to generate significant free cash flow which it
will likely use for debt reduction, including paying down its
revolver and remaining 2022 notes. We forecast FFO to debt to
average between 45% and 50% in 2022.

"We could revise the outlook to stable if we expected financial
measures to weaken, including FFO to debt sustained significantly
below 45% on an ongoing basis. This could follow a period of lower
commodity prices that leads to a decline in profitability, or if
contrary to our expectations, management pursues a more aggressive
spending plan or returns cash to shareholders before debt
repayment.

"We may consider raising the rating if the company successfully
integrates the Indigo acquisition and generates free cash flow to
reduce borrowings on its credit facility and repay the remaining
2022 senior notes while maintaining FFO to debt above 45% on a
sustained basis, likely in conjunction with the company maintaining
a relatively conservative financial policy."



SPENGLER PLUMBING: Unsecured Creditors to Get $100K over 5 Years
----------------------------------------------------------------
Spengler Plumbing Company, Inc. filed with the U.S. Bankruptcy
Court for the Southern District of Illinois a Plan of
Reorganization and Disclosure Statement for Small Business under
Subchapter V dated August 30, 2021.

In July 2019, the Debtor filed its first case under Chapter 11.
During that case, the Debtor streamlined its operations through
loss of employees and surrender of equipment. The CARES Act,
enacted in response to the pandemic, expanded eligibility for
relief under Subchapter V of Chapter 11 of the Bankruptcy Code.
That Act prohibited access to Subchapter V if the Debtor in an
existing case was ineligible a the time of the petition date. Thus,
the Debtor dismissed its 2019 Chapter 11 case.

After dismissal of the 2019 Chapter 11 case, the Debtor continued
its efforts to streamline its business by way of reducing overhead
and other unnecessary expenses. After taking those steps, the
Debtor was prepared to seek relief under Subchapter V of Chapter
11. The Debtor filed this case on June 1, 2021, and is submitting
this proposed Plan of Reorganization under Subchapter V of Chapter
11 of the United States Bankruptcy Code. The Plan proposes payments
on account of all secured claims, payment in full to its priority
claimant, the IRS, and payment of $100,000.00 over the life of the
plan to unsecured creditors.

As creditors and interested parties can see, unsecured creditors
would receive no more than $96,000.00 in a liquidation. The Plan,
on the other hand, proposes to pay unsecured creditors $100,000.00
over a period of 5 years. As a result, the Plan is in the best
interests of creditors.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately 6 cents on the dollar. This Plan also provides for
the payment of administrative and priority claims. The final Plan
payment is expected to be paid or about November 30, 2026.

Class 1 consists of Priority claims. Any and all priority claims
shall paid monthly under the Plan until paid in full. Other than
priority tax claims, the Debtor does not anticipate there are any
such claims.

Class 2 consists of Secured Claims:

     * Bank of Belleville. Claimant shall be paid the value of its
interest in property of the Debtor over the life of the plan and
thereafter according to the documents evidencing its claims. Claim
is unimpaired.

     * Ford Credit. Claimant shall be paid the value of its
interest in property of the Debtor over the life of the plan and
thereafter according to the documents evidencing its claims. Claim
is unimpaired.

     * Hitachi Capital. Claimant shall be paid the value of its
interest in property of the Debtor over the life of the plan and
thereafter according to the documents evidencing its claims.
Balance of claims shall be treated in Class 3. Claim is impaired.

     * Wells Fargo. Claimant shall be paid the value of its
interest in property of the Debtor over the life of the plan and
thereafter according to the documents evidencing its claims.
Balance of claims shall be treated in Class 3. Claim is impaired.

Class 3 consists of Non-priority unsecured creditors. Holders of
allowed non-priority unsecured claims shall receive their
respective ratable share of the sum of $100,000.00 payable over the
life of the Plan.

Class 4 consists of Equity security holders of the Debtor. The
holders of equity interests in the Debtor shall retain their
respective interests. In addition, Jason Spengler shall continue to
receive, as part of his compensation, dividend payments as
recommended by the Debtor's tax advisors.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash flow from operations and future income. In order to make
the payments required under the Plan, the Debtor shall continue to
operate its business and manage its affairs in the ordinary course
of business. Jason Spengler shall continue to serve as President
and sole shareholder of the Debtor.

A full-text copy of the Subchapter V Plan dated August 30, 2021, is
available at https://bit.ly/3jCrj3t from PacerMonitor.com at no
charge.

Counsel to Spengler Plumbing:

     Steven M. Wallace
     Silver Lake Group, Ltd.
     6 Ginger Creek Village Drive
     Glen Carbon, Illinois 62034
     (618) 619-2067 (Direct)
     Email: steve@silverlakelaw.com

                   About Spengler Plumbing Company

Founded in 1971, Spengler Plumbing Company, Inc., specializes in
plumbing and HVAC services.

Spengler Plumbing previously sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Ill. Case No. 19-30958) on July
19, 2019.

Spengler Plumbing recently sought Chapter 11 bankruptcy (Bankr.
S.D. Ill. Case No. 21-30409) on June 1, 2021.  Silver Lake Group
Ltd., led by Steven M. Wallace, is the Debtor's counsel.


SRI VARI: October 12 Disclosure Statement Hearing Set
-----------------------------------------------------
On Aug. 27, 2021, debtor Sri Vari CRE Development LLC filed with
the U.S. Bankruptcy Court for Western District of North Carolina a
disclosure statement and plan. On August 30, 2021, Judge J. Craig
Whitley ordered that:

     * Oct. 12, 2021 at 09:30 AM, Charles R. Jonas Federal
Building, 401 West Trade Street, Courtroom 2B, Charlotte, NC 2820
is the hearing to consider approval of the disclosure statement.

     * Oct. 5, 2021 is the last date to file and serve written
objections to the disclosure statement.

A copy of the order dated August 30, 2021, is available at
https://bit.ly/3mTUykf from PacerMonitor.com at no charge.

                About Sri Vari CRE Development

Sri Vari CRE Development, LLC is a limited liability company formed
in 2017 under the laws of the State of North Carolina. The company
owns and operates the Courtyard by Marriott branded hotel located
at 8536 Outlets Boulevard in Charlotte, N.C.

Sri Vari CRE Development sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.C. Case. No. 21-30250) on April 29,
2021.  In the petition signed by Anuj N. Mittal, manager, the
Debtor disclosed up to $50 million in assets and up to $10 million
in liabilities.  Judge Laura T. Beyer presided over the case before
Judge J. Craig Whitley took over.  The Debtor tapped Richard S.
Wright, Esq., at Moon Wright & Houston, PLLC, as legal counsel and
Greerwalker, LLP as financial advisor.


TALEN ENERGY: Moody's Cuts CFR to B3 & Sr. Unsecured Debt to Caa1
-----------------------------------------------------------------
Moody's Investors Service downgraded the ratings of Talen Energy
Supply, LLC including its corporate family rating to B3 from B2,
its probability of default to B3-PD from B2-PD, its senior secured
debt to B1 from Ba3, and its senior unsecured guaranteed debt to
Caa1 from B3. Talen's speculative grade liquidity rating remains at
SGL-3. The outlook is negative.

RATINGS RATIONALE

"Talen's highly leveraged capital structure is becoming
increasingly untenable given the company's weak second quarter
results and uncertain future power market prospects," stated Edna
Marinelarena, Moody's analyst. The company's financial profile will
remain stressed as it manages a high debt burden in the face of
persistently low energy margins and recent results from the PJM
capacity auction. Additionally, Moody's see Talen's plan to invest
material capital into its new Cumulus Infrastructure platform as
increasing both business and financial risk.

Talen's B3 CFR reflects the increased credit risk resulting from a
combination of low energy margins and a high debt burden in the
range of $4.7 billion. The rating further reflects the inherent
volatility of the merchant power markets in which it operates and
the company's dependence on a sustained recovery in power prices to
maintain adequate debt service coverage metrics. The only material
near term debt maturity is $114 million of unsecured notes due in
December 2021, which it intends to retire with cash on hand,
although there are substantial additional debt maturities in 2025
and 2026. The B1 rating on approximately $2.4 billion of secured
debt reflects its superior position in the capital structure while
the Caa1 rating on approximately $1.7 billion of senior unsecured
debt rating is driven by a sizeable amount of secured, first
priority debt.

Talen's financial performance was already weak entering 2021 after
the company ended 2020 with a ratio of cash flow from operations
before changes in working capital (CFO pre-WC) to debt of 2.2%
compared to 6.1% in 2019. The company's financial metrics in 2021
will be adversely affected by the severe Texas winter storm event
in February and low energy margins that were not sufficient to
cover the company's high capital spending in the second quarter. As
of the last twelve months ending June 30, 2021, Talen's ratio of
CFO pre-WC to debt had declined to a negative 1.3%.

Although the company is currently benefitting from higher capacity
revenue for the 2021/2022 delivery year following an earlier PJM
auction, Moody's expect credit metrics to remain low in 2021 as the
company's energy margins will not fully benefit from the higher
commodity prices given its largely hedged position. Talen faces
significant headwinds over the next 12 to 18 months due to its
weakened financial condition as well as a return to lower capacity
revenue following the poor PJM auction results for the 2022/2023
delivery year. The outcome of PJM's next auction in December 2021
will be one indicator of Talen's financial viability longer term.

In May 2021, management announced an ESG growth strategy called
Cumulus Infrastructure. Moody's view this strategy as innovative
but new, untested and highly risky given the potential for it to
consume substantial capital, financial resources and management
attention. Talen Energy Supply recently funded a $45 million
capital investment into one of the Cumulus Infrastructure
subsidiaries, Cumulus Coin Holdings LLC. Moody's view this
investment as a significant change in the company's financial
policy, particularly considering the organization's recent
performance, and amounting to a material increase in business risk.
Further investments of the company's limited resources into Cumulus
Infrastructure will be viewed as credit negative and could lead to
a rating downgrade.

Liquidity

The speculative grade liquidity rating SGL-3 reflects the company's
adequate liquidity albeit one that has been adversely affected by
the low energy margins and capacity revenue given the PJM auction
results. As a result, Moody's expect internal cash generation to be
lower over the near term with future cash flow being highly
dependent on upcoming PJM auctions and overall power prices. As of
the end of the second quarter ending June 30, 2021, the company had
a $329 million unrestricted cash balance. The company's only near
term debt maturity is a $114 million senior unsecured note due in
December 2021; and management has expressed its intent to retire
the debt with current cash on hand.

The company has access to a $690 million secured revolving credit
facility and a total of $200 million under unsecured letter of
credit facilities. Usage under the secured revolver consisted of
$409 million of letters of credit, reducing total availability to
$281 million. Talen's revolving credit facility includes one
financial maintenance covenant, a maximum senior secured net
leverage ratio of 4.25x. As of June 30, 2021, the company's senior
secured leverage ratio was 3.69x. The revolver also includes a
covenant prohibiting distributions to equity holders while the
total leverage ratio (as defined) is at or above 4.5x. As of June
2021, Talen calculated its total leverage ratio at 7.28x. Draws
under the credit facility require representations of no material
adverse change, a credit negative.

Outlook

The negative outlook reflects Moody's view that Talen's financial
profile will remain stressed over the next 12 to 18 months due to
ongoing low energy margins, weak PJM auction results for the
2022/2023 period and questions over future capacity revenue. It
also reflects uncertainty over the company's investments in and the
future growth of its new Cumulus Infrastructure platform.

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

Factors that Could Lead to an Upgrade

Given the negative outlook, an upgrade of the CFR is unlikely over
the near-term. Longer term, an upgrade could occur if there were to
be a material reduction in leverage or an improvement in power
market conditions causing the company to return to a sustain free
cash flow positive position and its ratio of CFO pre-WC to debt to
increase, and be maintained, well above 5%.

Factors the Could Lead to a Downgrade

A rating downgrade could occur if the upcoming December 2021 PJM
capacity auction does not result in substantially higher capacity
prices, if leverage remains elevated, if there are operational
challenges at any of its generating facilities, or if energy
margins continue to be low worsening the company's free cash flow
negative position. In addition, if there is any refinancing that
replaces unsecured guaranteed debt with secured debt, or there is
other erosion of the unsecured liability base, there could be
pressure on the ratings of the unsecured guaranteed notes. Should
the company increase its investment in or invest in other Cumulus
Infrastructure vehicles, this could also lead to a rating
downgrade.

Talen Energy Supply, LLC (Talen) is an independent power producer
with about 13 GW of generating capacity. Talen Energy Corporation
(TEC), headquartered in The Woodlands, TX, is a privately owned
holding company held by an affiliate of Riverstone Holdings LLC
(Riverstone) that owns 100% of Talen and conducts all of its
business activities through Talen. In May 2021, TEC launched an ESG
growth initiative called Cumulus Infrastructure where, through four
subsidiaries, the company intends to build and operate a hyperscale
data center (Cumulus Data), venture in digital currency (Cumulus
Coin), develop solar and wind projects (Cumulus Renewables) and
battery storage (Cumulus Storage). Talen Energy Supply is a
preferred investor in Cumulus Coin.

About 84% of Talen's generation assets are located in the PJM
Interconnection, L.L.C. (PJM, Aa2 stable) with the balance located
in Texas, Montana, and New England. These assets are largely fossil
fuel with nuclear at about 17% of total owned generation in 2020.

Issuer: Talen Energy Supply, LLC

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

Corporate Family Rating, Downgraded to B3 from B2

Senior Secured Bank Credit Facility, Downgraded to B1 (LGD2) from
Ba3 (LGD2)

Senior Secured Regular Bond/Debenture, Downgraded to B1 (LGD2)
from Ba3 (LGD2)

Senior Unsecured Regular Bond/Debenture, Downgraded to Caa1 (LGD5)
from B3 (LGD5)

Issuer: Pennsylvania Economic Dev. Fin. Auth.

Senior Unsecured Revenue Bonds, Downgraded to Caa1 (LGD5) from B3
(LGD5)

Outlook Actions:

Issuer: Talen Energy Supply, LLC

Outlook, Remains Negative

The principal methodology used in these ratings was Unregulated
Utilities and Unregulated Power Companies published in May 2017.


TENET HEALTHCARE: Moody's Affirms B2 CFR & Alters Outlook to Pos.
-----------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Tenet Healthcare
Corporation, including its Corporate Family Rating at B2 and its
Probability of Default Rating at B2-PD. Moody's also affirmed
Tenet's senior secured first lien and second lien debt at B1 and
its senior unsecured debt at Caa1. There is no change to the
Speculative Grade Liquidity Rating of SGL-2. The outlook was
changed to positive from stable.

The ratings affirmation reflects Tenet's good scale and business
diversity, moderately high financial leverage and modest free cash
flow after minority interest relative to debt. It also reflects
large cash outflows that the company will make as it repays the
accelerated Medicare payments from the CARES Act over the next
year. Moody's also notes some uncertainty as to the cash flow
profile of Tenet following the planned spin-off of its revenue
cycle management business, Conifer, in mid-2022.

The positive outlook reflects a strengthening across all of Tenet's
business segments and recent evidence of deleveraging. Tenet's
volumes have largely recovered from the depths of the COVID-19
pandemic throughout which Tenet has executed effectively throughout
various surges of hospitalizations in its markets.

Ratings affirmed:

Tenet Healthcare Corporation

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Senior secured debt at B1 (LGD3)

Senior unsecured debt at Caa1 (LGD5)

Outlook change:

Tenet Healthcare Corporation

The outlook, previously stable, was changed to positive.

RATINGS RATIONALE

Tenet's B2 Corporate Family Rating reflects Moody's expectation
that the company will operate with moderately high financial
leverage over the next 12-18 months with adjusted debt/EBITDA in
the low-to-mid 5-times range. Including the benefit of CARES Act
grant aid and pro forma for the sale of the 5 Miami-Dade area
hospitals, Moody's estimates Tenet's adjusted debt/EBITDA to be
around 5.0 times for the last twelve months ended June 30, 2021.
Moreover, Tenet's free cash flow after minority interest payments
remains modest relative to debt. Tenet's free cash flow will be
reduced by the planned spin-off of its revenue cycle management
business, Conifer, in mid-2022. The rating is also constrained by
the company's significant capital requirements and the need to
repay $1.4 billion of accelerated Medicare payments through
September 2022. The rating is supported by Tenet's significant
scale and good diversity. The company is well diversified by state
and payor. Tenet's ambulatory surgery and revenue cycle management
businesses add business diversity. The ambulatory surgery business
in particular will benefit from longer-term trends that favor
services being done on an outpatient basis. Finally, Tenet's
liquidity has been significantly helped by substantial government
aid received by hospitals.

The positive outlook reflects Moody's view that Tenet will continue
to operate with significant scale and diversity over the next 12-18
months. It is further underpinned by Moody's expectation that Tenet
will continue to demonstrate strong operational execution
throughout the pandemic, even in the face of surging cases and
hospitalizations.

With respect to governance, Tenet has generally exhibited
aggressive financial policies, marked by persistently high
financial leverage. As a for-profit hospital operator, Tenet also
faces high social risk. Beyond COVID-19, the affordability and
price transparency of hospitals and the practice of balance billing
have garnered substantial social and political attention.
Additionally, hospitals rely on Medicare and Medicaid for a
substantial portion of reimbursement. Any changes to reimbursement
to Medicare or Medicaid directly impacts hospital revenue and
profitability.

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

Tenet's ratings could be downgraded if the company's operating
performance weakens. Further, the divestiture of Conifer without
debt repayment, or the pursuit of share repurchases or shareholder
distributions could result in a downgrade. More specifically, the
ratings could be downgraded if debt/EBITDA is expected to be
sustained above 6.5 times.

The ratings could be upgraded if Tenet can realize the additional
benefits from its recent cost and operating initiatives, including
increased profit margins. Further, the ratings could be upgraded if
Tenet sustains an appropriate level of free cash flow following the
Conifer spin-off. If Moody's expects debt/EBITDA to be sustained
below 5.5 times, the ratings could be upgraded.

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

Tenet, headquartered in Dallas, Texas, is one of the largest
healthcare providers by revenue in the US. The company operates 65
hospitals, 24 surgical specialty hospitals and more than 500
outpatient surgical centers in the US. Tenet also owns a
revenue-cycle management business, called Conifer. Revenues for the
last twelve months ended June 30, 2021 were approximately $19
billion.


TREASURES AND GEMS: Court Denies Motion to Use Cash Collateral
--------------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York denied, without prejudice, the motion to use
cash collateral filed by Treasures and Gems, Ltd.

David M. Repetto, the court-appointed administrator of the estate
of Rhoda Crane -- in the action pending before the Honorable James
J. DeLuca, JSC, of the Superior Court of New Jersey, Chancery
Division, Probate Part, styled In re Estate of Rhoda Crane,
Deceased, Docket No. P-029-21 -- objected to the request.

In the motion, the Debtor said it requires the use of lenders' cash
collateral to operate its business in the ordinary course to enable
it to continue to operate and file and confirm a plan of
reorganization.

The Debtor has a prepetition secured financing agreement consisting
of a consolidated Modification and Extension Agreement together
with UCC1s, a Mortgage and an Assignment of Rents with Kenden, LLC,
dated May 4, 2021. Pursuant to the financing agreements, Kenden
holds a security agreement and filed UCC-1 statements as to all
real and personal property used in connection with the Debtor's
business including real estate and improvements, cash, accounts
receivable inventory and equipment. The outstanding balance of the
obligation secured by the Debtor's assets is alleged to be
approximately $2,400,000.  The loan is current.

The Debtor pays Kenden approximately $15,586.00 per month including
interest at 8%. Based upon documents provided by the Debtor, the
Lender appears to have a perfected security interest in the
Debtor's real estate and improvements as well as in the rents at
the property, cash and accounts receivable as well as inventory,
equipment, and furniture and fixtures.

The Debtor believes that its assets as a going concern have a value
exceeding $4,540,000. The Debtor's gross receipts are presently
$24,000 per month and its expenses are roughly $31,000 per month.
The Debtor believes it will be able to close the gap by increasing
revenues and reducing expenses in the near term. If necessary, the
Debtor said Michael Crane will loan additional monies to the Debtor
as approved by the Court so as to operate at a break even.

The Debtor proposed to give Kenden a replacement lien on the
Debtor's post-petition assets and a super-priority administrative
expense claim in accordance with Section 507(b) of the Bankruptcy
Code to the extent the adequate protection provided proves
inadequate. The Debtor will also pay the Lender its normal monthly
payment of principal and interest as "adequate protection" payments
during the course of the Chapter 11 proceeding.

The Debtor said it has requested that the Lender consents to its
use of cash collateral but received no response as of the date of
filing of its Motion.

The Debtor argued the Lender is adequately protected by the value
of the underlying collateral as well as the proposed adequate
protection payments.

                   NJ Probate Court Proceedings

The Debtor currently is the subject an active and contentious
litigation before the NJ Probate Court in connection with the
administration of estate of Rhoda Crane.  Rhoda was Michael Crane's
and Jacqueline Crane's aunt. Michael and Jacqueline are brother and
sister. Their mother (Rhoda's sister) was Joyce Crane.  Rhoda died
on July 5, 2020, and their mother, Joyce, died on October 9, 2020.

The NJ Probate Court is presiding over, among other issues,
Michael's and Jacqueline's competing claims of ownership of the
Debtor and, consequently, the management and
disposition of the Debtor's assets.  

According to Repetto, the NJ Probate Court in early August issued
an order and made rulings stripping Michael of any authority to
manage the Debtor or act on its behalf and enjoining him from doing
so. A week later, he filed the Chapter 11 petition. But the NJ
Probate Court charged the Administrator as the only person
authorized to act on the Debtor's behalf and manage its assets
pending further proceedings.

According to Repetto, the Debtor's Chapter 11 filing and the Cash
Collateral Motion represent (a) an unauthorized attempt by Michael
to act on behalf of the Debtor and manage its assets, and (b) a
flagrant violation of, and attempt to collaterally attack, the NJ
Probate Court's rulings and orders. Repetto said Michael -- while
purporting to act on the Debtor's behalf and in knowing violation
of the NJ Probate Court's orders -- is requesting the Bankruptcy
Court to issue an emergency order that would directly contradict
the NJ Probate Court's orders and usurp its jurisdiction over
matters pertaining to the administration of Rhoda's estate.

On August 11, 2021, the NJ Probate Court issued an Order to Show
Cause with Temporary Restraints further memorializing its rulings
from the August 10 Hearing.  Among other provisions, the August 11
Order expressly:

     (i) provides the Administrator with the authority "to employ
agents/representatives for the purpose of managing and maintaining
the Property and preserving [T&G];"

    (ii) directs the Administrator "to contact tenants at the
Property and direct them to make rental payment into a designated
financial account control by the Mr. Repetto;"

   (iii) restrains Michael from "communicating with any tenants or
vendors of or related to the Property except as directed by Mr.
Repetto;" and

    (iv) requires Michael to provide a detailed accounting and turn
over all funds related to the Property to the Administrator by
August 12.

Michael has failed to comply with any of the NJ Probate Court's
directives in the August 11 Order, Repetto said.

                  About Treasures and Gems, Ltd.  

Treasures and Gems, Ltd., a single asset real estate, as defined
under Section 101(51B) of the Bankruptcy Code, sought Chapter 11
protection (Bankr. S.D. N.Y. Case No. 21-11474) on August 18,
2021.

On the Petition Date, the Debtor estimated $1 million to $10
million in both assets and liabilities.  The petition was signed by
Michael E. Crane, the Debtor's president.  

Judge Martin Glenn is assigned to the case.

The Debtor tapped Genova Burns LLC to serve as its counsel.



U-HAUL CO: Plan Confirmation Hearing Slated for Oct. 20
-------------------------------------------------------
Judge B. Mckay Mignault of the U.S. Bankruptcy Court for the
Southern District of West Virginia approved the Disclosure
Statement to the Second Amended Plan of Reorganization of U-Haul
Co. of West Virginia.  

The Court fixed Oct. 7, 2021, as the last day to file and serve
objections to Plan confirmation.  Oct. 7 also is the last day to
file acceptances or rejections of the Plan.

A telephonic hearing will be held at 1:30 p.m. on Oct. 20, 2021 to
consider confirmation of the Plan.

A copy of the order is available for free at https://bit.ly/2Yjb17w
from PacerMonitor.com.

                 About U-Haul Co. of West Virginia

St Albans, W.Va.-based U-Haul Co. of West Virginia sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
W.Va. Case No. 21-20140) on June 16, 2021.  At the time of the
filing, the Debtor disclosed total assets of $1,056,439 and total
liabilities of $118,626,327.  Judge B. Mckay Mignault oversees the
case.  Flaherty Sensabaugh Bonasso, PLLC and Brown Edwards &
Company, LLP serve as the Debtor's legal counsel and financial
advisor, respectively.


VARSITY BRANDS: Moody's Affirms B3 CFR & Alters Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service affirmed Varsity Brands Holding Co.,
Inc.'s ratings, including its Corporate Family Rating at B3, its
Probability of Default Rating at B3-PD, the rating on the senior
secured first lien term loan due 2024 at B2, and the rating on the
senior secured first lien notes due 2024 at B2. The outlook was
changed to stable from negative.

The ratings affirmation and change to a stable outlook reflects
Varsity Brands' better than anticipated revenue and EBITDA over the
past few quarters, Moody's expectations for a continuation of
revenue and earnings recovery toward pre-pandemic levels over the
next 12-18 months, and the company's good liquidity. Varsity
Brands' reported year-to-date through June 26, 2021 revenue and
management's adjusted EBITDA growth of 20.7% and 42.8%
respectively, over the same period last year. Revenue and EBITDA
remains below 2019 levels, however, the company's largest segment,
BSN Sport, reported year-to-date revenue growth of 3% and EBITDA
increasing by 41% over the same period in 2019. BSN Sports' order
backlog exiting the second quarter was high, with order trends
exceeding 2019 levels. The company's Varsity Spirit and Herff Jones
segments reported strong revenue and EBITDA growth over 2020 but
remain well below 2019 levels.

Moody's expects Varsity Brands' revenue and EBITDA to continue to
recover in the second half of 2021 and continue to sequentially
improve towards 2019 levels in 2022. Sales growth will be supported
by continued positive order trends at BSN Sports benefiting from
resumption of sports activities and market share gains, a
resumption of in-person school instruction that will benefit demand
for scholastic achievement products, and more normalized
participation in cheer events. In addition, Moody's expects the
company's EBITDA margin to benefit from permanent cost savings that
will result in EBITDA recovering close to 2019 levels by the end of
2022. As a result, Moody's projects Varsity Brands' debt/EBITDA
leverage will remain high but meaningfully improve to below 8x by
end of 2022.

Varsity Brands' good liquidity also provides the company
flexibility to fund working capital needs, reinvestment and debt
service, and to weather short-term disruptions that may occur due
to lingering effects of the coronavarius on schools and athletic
related activities. Liquidity is supported by a relatively healthy
cash balance of $104 million and access to an undrawn $180 million
revolver as of June 26, 2021.

Moody's took the following rating actions:

Affirmations:

Issuer: Varsity Brands Holding Co., Inc.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Secured First Lien Bank Credit Facility, Affirmed B2
(LGD3)

Senior Secured First Lien Regular Bond/Debenture, Affirmed B2
(LGD3)

Outlook Actions:

Issuer: Varsity Brands Holding Co., Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Varsity Brands' B3 CFR reflects its very high financial leverage
with debt/EBITDA around 10.5x for the twelve months period ended
June 26, 2021. School closures and cancellation of athletic and
other extracurricular competitions across the US over the past year
due to the coronavirus outbreak materially and negatively impacted
demand for the company's products. Moody's expects demand will
gradually improve over the next 12-18 months, benefiting from
school reopenings and resumption of athletic events in the US. As a
result, Moody's expects debt/EBITDA will gradually improve to below
8.0x by the end of fiscal 2022. The company's high seasonality
causes volatility in operating results, and its mature Herff Jones
business segment faces topline secular headwinds as consumer demand
for affinity products gradually erodes.

The credit profile also reflects Varsity Brands' solid position
within niche school apparel, athletic and achievement markets and
the diversification provided by the three business segments. The
varied school related product portfolio helps to limit volatility
in financial performance, because of the somewhat nondiscretionary
nature of products that are required to participate in school
activities. However, greater apprehension about sports and
extracurricular activity participation is likely until the
coronavirus sustainably subsides. Varsity Brands' good liquidity
reflects its relatively healthy cash balance $104 million and
access to an undrawn $180 million revolver as of June 26, 2021, and
lack of near term maturities until its revolver is due in June
2024, other than first lien term loan amortization.

Varsity Brands is exposed to environmental risks since it directly
or through the supply chain utilizes resources such as raw
materials, energy, and water. Investments necessary to minimize
such environmental risks can increase costs and reduce cash flow
but help protect Varsity Brands' brand image and valuable customer
relationships.

The coronavirus outbreak and the government measures put in place
to contain it continue to disrupt economies and credit markets
across sectors and regions. Although an economic recovery is
underway, it is tenuous, and its continuation will be closely tied
to containment of the virus. As a result, there is uncertainty
around Moody's forecasts. Moody's regards the coronavirus outbreak
as a social risk under its ESG framework, given the substantial
implications for public health and safety. Varsity Brands has been
negatively affected by the coronavirus because of exposure to
school closures and reductions in social activities such as team
sports, and the company remains vulnerable to the outbreak
spreading. The company is also affected by social trends such as
the gradual reduction in spending on school affinity products, and
labor relationships and working conditions in products such as
apparel.

Governance factors primarily relate to the company's aggressive
financial policies under private equity ownership, including
elevated financial leverage and use of debt to fund acquisitions.

Certain of Varsity Brands' subsidiaries are defendants in different
class actions lawsuits that allege anticompetitive behavior, as
well as mishandling of customers information. Moody's base case
assumes no material monetary penalties or major adverse effect on
the company's business model or operations from the legal
proceedings. Any adverse outcome that results in a material and
negative impact to the company's market position or credit metrics
would pressure the ratings.

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

The stable outlook reflects Moody's expectation that Varsity
Brands' revenue and earnings will gradually recover over the next
12-18 months, resulting in debt/EBITDA leverage improving to under
8.0x, and that the company will maintain good liquidity to provide
financial flexibility to fund items such as investments in working
capital as sales recover.

Ratings could be upgraded if the company demonstrates consistent
organic revenue growth with EBITDA margin expansion and positive
free cash flow on an annual basis, if debt/EBITDA is sustained
below 7.0x, and the company maintains at least adequate liquidity
with less reliance on revolver borrowings. A ratings upgrade would
also require a sustained reopening and resumption of normal school
activities and financial policies that support credit metrics at
the aforementioned levels.

Ratings could be downgraded if the pace of revenue recovery stalls
or reverses, if Moody's expects debt/EBITDA to be sustained above
8.0x, or if liquidity deteriorates for any reason including
sustained negative free cash flows or increasing revolver reliance.
Ratings could also be downgraded if financial policies become more
aggressive or the company completes a large shareholder dividend or
an acquisition that increases financial leverage.

Headquartered in Farmers Branch, Texas, Varsity Brands Holding Co.,
Inc. ("Varsity"), through its affiliates, is a provider of sports,
cheerleading and achievement related products to schools, colleges
and youth organizations in the US. The company operates through its
three complementary businesses: BSN Sports, providing sports
apparel and equipment to schools and consumers; Herff Jones,
supplying graduation-related items and recognition rewards through
its Yearbook and Achievement divisions; and Varsity Spirit,
offering cheerleading uniforms and apparel and hosting cheerleading
camps and competitions. The company was acquired in 2018 in an LBO
transaction by Bain Capital for a total implied enterprise value of
approximately $2.9 billion, with prior PE owners Charlesbank
Capital Partners and some co-investors expected to retain a
minority stake in the entity. The company generated approximately
$1.7 billion of revenue for the twelve months ended June 26, 2021.

The principal methodology used in these ratings was Consumer
Durables Industry published in April 2017.


VERDANT HOLDINGS: Case Summary & 18 Unsecured Creditors
-------------------------------------------------------
Debtor: Verdant Holdings, LLC
        755 Opossum Lake Road
        Carlisle, PA 17015

Chapter 11 Petition Date: September 2, 2021

Court: United States Bankruptcy Court
       Middle District of Pennsylvania

Case No.: 21-01938

Debtor's Counsel: Robert E. Chernicoff, Esq.
                  CUNNINGHAM, CHERNICOFF & WARSHAWSKY, P.C.
                  2320 North Second Street
                  Harrisburg, PA 17110
                  Tel: (717) 238-6570

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Goldsmith, managing director.

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

https://www.pacermonitor.com/view/DXNRAWQ/Verdant_Holdings_LLC__pambke-21-01938__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 18 Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Stantec Architecture                                   $500,623
& Engneering
5000 Ritter Road
Suite 102
Mechanicsburg, PA 17055

2. Cerullo Datte & Burke, PC                              $151,107
450 Market Street
P.O. Box 450
Pottsville, PA 17901

3. Brownstein Hyatt                                       $102,846
Farber Schreck
P.O. Box 172168
Denver, CO 80217

4. Buchanan Ingersoll                                      $75,293
& Rooney, P.C.
1700 K Street NW
Suite 300
Washington, DC 20006

5. St. Moritz Security                                     $51,054
Services, Inc.
4600 Clarton Blvd.
Pittsburgh, PA
15236-2114

6. David Khawam, Esquire                                   $40,000
600 South White
Horse Pike
Audubon, NJ 08106

7. Bank Direct                                             $30,306
Two Conway Park,
150 North Field Dr
Suite 190
Lake Forest, IL 60045

8. West Penn Power                                         $14,975
P.O. Box 3687
Akron, OH
44309-3687

9. Levien & Company                                        $10,870
570 Lexington Avenue
3rd Floor
New York, NY 10022

10. Chemel Kornick &                                       $10,379
Mooney, LLC
One Gateway
Center, Suite 1725
420 Fort Duquesne Blvd.
Pittsburgh, PA 15222

11. Kenneth L. Woodruff &                                   $3,792
Associates
P.O. Box 42
Morrisville, PA 19067

12. Maher Duessel                                           $2,500
503 Martindale Street
Suite 600
Pittsburgh, PA 15212

13. Valbridge Property Advisors                             $1,000
4701 Baptist Road
Suite 304
Pittsburgh, PA 15227

14. UniFirst                                                  $949
1150 2nd Avenue
New Kensington, PA 15068

15. SSM Industries, Inc.                                      $774
1302 Memorial Drive
Latrobe, PA 15650

16. Waste Management                                          $388
P.O. Box 13648
Philadelphia, PA
19101-3648

17. Comcast                                                   $108
P.O. Box 3001
Southeastern, PA
19398-3001

18. Matheson Tri-Gas, Inc.                                    $106
P.O. Box 347297
Pittsburgh, PA 15251



VIVA TEXAS: Seeks to Tap Fiske Hanley, III as Real Estate Agent
---------------------------------------------------------------
Viva Texas Cruises, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Fiske Hanley,
III, a real estate agent at Tranzon Asset Strategies.

The Debtor needs the assistance of a real estate agent to assist in
selling its property located at 2150 State Highway 361, Aransas
Pass, Texas.

Mr. Hanley will receive a commission of 5 percent of the property's
purchase price upon the consummation of the sale.

Mr. Hanley disclosed in a court filing that he is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The realtor can be reached at:

     Fiske Hanley, III
     Tranzon Asset Strategies
     P.O. Box 100912
     Fort Worth, TX 76185
     Telephone: (817) 821-7208
     Email: thanley@tranzon.com

                     About Viva Texas Cruises

Bishop, Texas-based Viva Texas Cruises, Inc. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Case No.
21-21128) on May 3, 2021, disclosing up to $10 million in assets
and up to $500,000 in liabilities.  Vidal Conde, director, signed
the petition.  Judge David R. Jones oversees the case. The Debtor
tapped Adelita Cavada Law as legal counsel.


WESTMINSTER PRESBYTERIAN: Fitch Affirms 'BB' IDR, Outlook Negative
------------------------------------------------------------------
Fitch Ratings has assigned a 'BB' Issuer Default Rating (IDR) to
Westminster Presbyterian Retirement Community, VA d/b/a Westminster
at Lake Ridge (WLR). Fitch has also affirmed the 'BB' rating on the
series 2016 bonds issued by the Industrial Development Authority of
the County of Prince William, Virginia issued on behalf of WLR.

The Rating Outlook is Negative.

SECURITY

The bonds are secured by a gross revenue pledge of and security
interest in the gross revenue of the obligated group (WLR is the
only member), a mortgage lien on the community, and a series
specific debt service reserve that is cash funded to maximum annual
debt service (MADS) of $3.34 million.

ANALYTICAL CONCLUSION

The affirmation of the 'BB' rating reflects improvement in
operating performance through the first half of fiscal year ended
June 30, 2021 driven by improved independent living unit (ILU)
occupancy and management's tight cost controls. The affirmation
also reflects balance sheet metrics that are in line with Fitch's
expectations during the last review.

The Negative Rating Outlook reflects continued concern around
management's ability to sustain operational improvements and
maintain cash at current levels while continuing to fund capital
and debt obligations. The coronavirus pandemic continues to
pressure occupancy at the health center, which has caused a drain
on operations. If health center occupancy does not improve and
operational stress continues such that liquidity metrics
deteriorate from current levels, it could result in a downgrade.

KEY RATING DRIVERS

Revenue Defensibility: 'bbb'

Steady Demand for ILUs

WLR is a single-site community located approximately 30 miles
southwest of Washington D.C. Approximately 60% of WLR's residents
are from the nearby suburbs slightly closer to D.C. (Fairfax
County, Alexandria, Arlington) and parts of Prince William County.
The community includes the full continuum of care with independent
living units (ILUs), assisted living (ALUs), and skilled nursing
facilities (SNFs). ILU occupancy has averaged 95% over the last
five years with some softening through the pandemic, although still
in line with the midrange assessment. ALU and SNF occupancy rates
are lower due to pressure from the pandemic, similar to other
senior living communities.

Operating Risk: 'bbb'

Pressured Operating Performance

WLR's operating risk is midrange with net operating margin (NOM)
and NOM-adjusted (NOMA) averaging 4.6% and 21.6% over the last five
fiscal years. Lack of rate increases in ALU, pressure on health
center occupancy and more recently significant pandemic pressure
combined with higher carrying cost in 2020 has led to weaker
metrics. Operating ratio and debt burden are in line with the
assessment while revenue only maximum annual debt service coverage
(MADS) is light for the rating at just 0.2x as of Dec. 31, 2020.

Financial Profile: 'bb'

Constrained Liquidity

Fitch expects WLR to moderately improve entrance fee cash flows as
demand for ILU stabilizes. Based on year to date 2021 results
through June, cash to adjusted debt is sufficient for the 'bb'
assessment, given WLR's midrange revenue defensibility and
operating risk assessments, and its anticipated to gradually
improve over time as the community rebuilds occupancy.

RATING SENSITIVITIES

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

-- Sustained improvement in financial performance and
    stabilization of occupancy;

-- Stabilization of cash levels at the current levels with cash
    to adjusted debt maintained comfortably above 30%.

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

-- Erosion of liquidity or additional debt with cash to adjust
    debt dropping below 30%;

-- Failure to maintain operating performance improvement with NOM
    dropping to 3% on a consistent basis.

BEST/WORST CASE RATING SCENARIO

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

WLR is a primarily Type C (fee for service) life plan community
(LPC) with 235 ILU's including a residential center with 140
apartment units and 95 standalone cottages and a healthcare center
consisting of 40 assisted living units (ALUs, 34 private and six
semi-private units), and a 44-bed SNF with all private beds after
taking 16 beds offline at the end of 2019. The community was opened
in 1993 and sits on 62 acres in Lake Ridge, VA, about 30 miles
southwest of Washington, D.C. WLR is the sole member of the
obligated group and generated $22 million in 2020 (fiscal year
ended Dec. 31).

WLR's parent, Ingleside, is the sole corporate member of the two
other LPCs, Ingleside at King Farm, MD (B-/Stable) and Ingleside at
Rock Creek in Washington, D.C. as well as a supporting foundation,
a for-profit development company, and non-profit home care service
provider.

Revenue Defensibility

Over the last five fiscal years, ILU, ALU and SNF occupancy has
averaged 95%, 86% and 82% respectively. As of June 30, 2021, ILU
occupancy is 94%, slightly below its historical average but
improved from the fiscal year end. AL and SNF census remain
challenged at 71% and 66%. The weaker AL and SNF occupancy
statistic reflect continued pandemic pressure. Management expects
some improvement in AL occupancy but expects SNF to remain
pressured. Management is currently developing a strategy to boost
occupancy that could include the addition of memory care to AL.

Competition is limited in the immediate service area, but the
larger region has seen increasing competition. WLR differentiates
itself from other communities as it offers the full continuum of
care on a large open green space. WLR maintains a waitlist of
approximately 100 residents with a $5,000 deposit.

Management has held ALU rates steady in recent years in an attempt
to keep them in line with competition and area real estate trends.
However annual 4.5% and 3.5% increases were implemented in monthly
service fees and entrance fees in 2021 for ALU and SNF. Management
expects to keep rates steady at that level moving forward.

Operating Risk

WLR historically offered both life care (type-A) and
fee-for-service (type C) contracts but discontinued the life care
contracts. Current refund options are 0%, 50% and 90%. Residents
pay both entrance fees and monthly services fees, and when they
transfer to AL or SNF they pay the going per diem rate.

Operating results have weakened in recent years and were
exacerbated by the pandemic with the health center and ALUs taking
the most significant hit. The health center had been experiencing
steady declines in occupancy due to declining lengths of stay,
disruption of hospital referral relationships and increased
competition. Management has taken steps to stem losses through cost
control and while there has been some improvement in margins,
performance remains challenged. NOM and NOMA improved to 6.7% and
24.7% through June 30, 2021 compared to negative 12% and 11.1%
respectively, at year end. Management is budgeting to the end the
year with NOM of 6.7%. Based on results through the first half of
the year, Fitch believes the budget is achievable assuming there
are no further declines in occupancy.

Capex-to-depreciation has averaged 314% over the last five years as
WLR has invested heavily in the campus, largely focused on
independent living and common areas. Management reports these
strategic investments are completed and it expects to fund capital
expenditures at approximately 50% over the next three years.
However, WLR's long-range plan calls for further updates and
renovation of the SNF and ALUs, but these investments would likely
need to be paired with a successful ILU expansion. Given the
decline in cash and pressured operating results, these plans are on
hold as the system reevaluates its strategy. These investments are
not incorporated into the rating and will be assessed as any plans
are developed.

Capital related metrics are sufficient for the rating with MADs
coverage and debt burden of 1.6x and 13.9% respectively as of Dec.
31, 2020. Coverage through the first half of fiscal 2021 ended June
30 is 2.6x. WLR's coverage covenant is 1.2x, leaving it with some
headroom should performance decline.

Financial Profile

WLR's unrestricted cash and investments totaled $13.2 million as of
June 30, 2021, representing a weak 30% of adjusted debt and an
adequate 244 days cash on hand. MADS coverage including entrance
fees shows a sound five-year average of 2.0x, which is comfortably
in excess of the 1.2x requirement.

Fitch believes that occupancy will continue to recover across the
continuum as management continues to address the challenges related
to the pandemic. The recent strategic investments in independent
living and the common areas should further boost occupancy and
allow the community to remain competitive in its service area.

As a result of these improvements combined with management's
efforts to tighten expense controls Fitch expects incremental
improvement in cash flow although Fitch does not expect
unrestricted cash to grow from current levels as WLR continues to
fund capital needs and debt obligations. Fitch expects WLR will
sustain sufficient cash-to adjusted debt and MADS coverage levels
through the base case scenario that in line with the current
rating, which factors in Fitch's standard portfolio stress.

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.


YOUNGBLOOD SKIN: Seeks to Hire Hahn & Hahn as Bankruptcy Counsel
----------------------------------------------------------------
Youngblood Skin Care Products, LLC seeks approval from the U.S.
Bankruptcy Court for the Central District of California to employ
Hahn & Hahn, LLP to serve as legal counsel in its Chapter 11 case.

Hahn & Hahn will render these legal services:

     (a) advise the Debtor on the requirements of the court, the
Bankruptcy Code, the Bankruptcy Rules, the Local Rules, and the
United States trustee's Guidelines and Requirements;

     (b) advise the Debtor on the rights and remedies of its
bankruptcy estate and the rights, claims, and interests of
creditors;

     (c) represent the Debtor in any proceeding or hearing before
the court involving the Debtor's estate;

     (d) conduct examinations of witnesses, claimants, or adverse
parties and represent the Debtor in any adversary proceeding;

     (e) prepare legal papers;

     (f) represent the Debtor in obtaining approval for any
financing or use of cash collateral;

     (g) assist the Debtor in the negotiation, formulation,
preparation, and confirmation of a plan of reorganization and the
preparation and approval of a disclosure statement describing such
a plan; and

     (h) perform any other legal services.

The hourly rates of the firm's attorneys and staff are as follows:

     Dean G. Rallis Jr.        $620 per hour
     Matthew D. Pham           $425 per hour
     Attorneys          $300 - $620 per hour
     Paralegals         $225 - $240 per hour

In addition, the firm will be reimbursed for expenses incurred.

Prior to the petition date, the firm received a total of $84,831.84
from the Debtor.

Dean Rallis Jr., Esq., an attorney at Hahn & Hahn, disclosed in a
court filing that the firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Dean G. Rallis Jr., Esq.
     Matthew D. Pham, Esq.
     Hahn & Hahn LLP
     301 E. Colorado Blvd., Ninth Floor
     Pasadena, CA 91101-1977
     Telephone: (626) 796-9123
     Facsimile: (626) 449-7357
     Email: drallis@hahnlawyers.com
            mpham@hahnlawyers.com

                About Youngblood Skin Care Products

Youngblood Skin Care Products, LLC, a cosmetics company based in
Simi Valley, Calif., filed a petition for Chapter 11 protection
(Bankr. C.D. Calif. Case No. 21-10808) on Aug. 2, 2021, listing as
much as $10 million in both assets and liabilities.  Jason Toth,
executive vice president, signed the petition.

Judge Deborah J. Saltzman oversees the case.

The Debtor tapped Hahn & Hahn, LLP as legal counsel and Cohen &
Freedman as accountant. Mike Paulsin is the chief financial
officer.


[*] Healthcare Bankruptcy Filings Declined in the 2nd Qtr. of 2021
------------------------------------------------------------------
The economic impact of the global pandemic has yet to be seen in
the health care industry, at least not in bankruptcy filings, as
seen in the newest Polsinelli-TrBK Distress Indices Report. For the
first time in more than 13 quarters, the Health Care Services
Distress Research Index dipped below 100 points – an
unprecedented drop in Chapter 11 filings for the commonly
distressed industry.

The second quarter of 2021 marked the lowest ever recorded by the
Index since the benchmark period of 2010; this Index had previously
exceeded the benchmark for 22 consecutive quarters prior to the end
of 2020.

"We're seeing a truly remarkable change in the health care industry
right now. This is the lowest rate of health care bankruptcy
filings the Index has ever seen, and we're seeing clear reasons for
that," said Polsinelli Shareholder Jeremy Johnson, a bankruptcy and
restructuring attorney and co-author of the report. "We think this
drastic change is due to substantial and continued government
support for the most vulnerable of health care industries during
the pandemic."

The Polsinelli-TrBK Distress Indices are the backbone of a
quarterly research report series that uses Chapter 11 filing data
– bankruptcies with more than $1 million in assets – as a proxy
for measuring financial distress in the overall U.S. economy and
breakdowns of distress specifically in the real estate and health
care services sectors. It is the only current measurement that
tracks both Main Street and Wall Street statistics.

The report, released September 1, 2021, by Am Law 100 firm
Polsinelli, also highlights economic distress in the real estate
industry. The industry is still experiencing a slow, steady stream
of bankruptcies as experts await the anticipated increase in
filings from post-pandemic lifting of eviction moratoria.

Other significant updates in the report include:

The Chapter 11 Distress Research Index was 66.24 for the second
quarter of 2021. The Chapter 11 Index decreased more than 17 points
since the last quarter. Compared with the same period one year ago,
the Index has decreased only two points and compared with the
benchmark period of the fourth quarter of 2010, it is down over 33
points. This is the second highest the Chapter 11 Index has
registered since the first quarter of 2011.

The Real Estate Distress Research Index was 22.24 for the second
quarter of 2021. The Real Estate Index has decreased over one point
since the last quarter. Compared with the same period one year ago,
the Index decreased more than eight points and compared with the
benchmark period of the fourth quarter of 2010, it is down over 77
points. This is the first decrease after several stable quarters.

The Health Care Services Distress Research Index was 63.33 for the
second quarter of 2021. The Health Care Index decreased more than
333 points since the last quarter. Compared with the same period
one year ago, the Index has decreased over 446 points and compared
with the benchmark period of the fourth quarter of 2010, it is down
over 36 points. The index has exceeded the benchmark every quarter
since the third quarter of 2015, often by significant margins, and
has continued to track significantly higher than the other
indices.

The Polsinelli-TrBK Distress Indices track the increase or decrease
in all Chapter 11 filings with more than $1 million in assets since
the fourth quarter of 2010. Unlike the public markets, the
Polsinelli-TrBK Distress Indices include both public and private
companies, creating a broader economic view and one that may show
developing trends on Main Street before they appear on Wall
Street.

                         About Polsinelli

Polsinelli is an Am Law 100 firm with 900 attorneys in 21 offices
nationwide. Recognized by legal research firm BTI Consulting as one
of the top firms for excellent client service and client
relationships, the firm's attorneys provide value through practical
legal counsel infused with business insight, and focus on health
care, financial services, real estate, intellectual property,
middle-market corporate, labor and employment and business
litigation. Polsinelli PC, Polsinelli LLP in California.




[*] U.S. Oil Industry Bankruptcies Fuel Environmental Crisis
------------------------------------------------------------
Alex Wolf of Bloomberg Law reports a tide of failing energy
companies has government regulators racing to address the nation's
stockpile of abandoned, methane-leaking oil wells as environmental
liabilities come to a head in oil and gas bankruptcy proceedings.

More than 260 domestic oil producers filed Chapter 11 over a
six-year period marked by depressed commodity prices and the global
economic shock caused by the Covid-19 pandemic.

Many distressed fossil fuel companies are passing environmental
obligations on to government bodies amid the worst crude crash in
history. Some of those companies use bankruptcy to shift
multimillion or even multibillion-dollar decommissioning burdens to
predecessors and joint interest holders.

The prolonged downturn now has lawmakers and regulators enhancing
efforts to address an environmental crisis more than a century in
the making.

The bipartisan infrastructure bill passed by the Senate last month
would allocate more than $4 billion for plugging and remediating
abandoned oil wells, while federal regulators and lawmakers
continue to look at tougher rules that would require fossil fuel
companies to set aside more money to plug wells at the end of their
productive life.

In a federal policy update announced Aug. 18, the Biden
administration tightened requirements to ensure more offshore oil
companies have funds in place for decommissioning wells in the Gulf
of Mexico.

"In general, we don't want the taxpayer picking up the bill for
decommissioning," said John Filostrat, a spokesman for the Bureau
of Ocean Energy Management.  "We want to make sure there's no
public bailout of companies and their obligations."

But decades of lenient regulation coupled with the economics that
have long guided a cyclical boom-or-bust industry in the U.S. have
made it challenging to ensure drillers are covering their cleanup
costs.

More than 3 million oil and gas wells in the U.S. sit idle, and
roughly two-thirds of them are unplugged, collectively emitting
several million metric tons of greenhouse gases each year,
according to the Environmental Protection Agency. Many of the wells
leak methane, more than 25 times as potent as carbon dioxide at
trapping heat in the atmosphere and exacerbating climate change,
the EPA says.

The chemicals from abandoned wells also can be noxious to people
living near them and can contaminate groundwater.

"It's basically capital cost without a return, so companies are
obviously less motivated to put money into those projects," said
attorney Paul J. Goodwine of Looper Goodwine PC, an oil and gas
company adviser.

Escaping Liability

Oil and gas drillers are legally obligated to plug abandoned wells
that have reached the end of their useful life, but often
leaseholders run out of money and abandon these orphaned wells. If
they're to be plugged, usually with cement pumped into the
wellbore, American taxpayers often foot a bill ranging from $20,000
to $145,000 per well, according to the Government Accountability
Office.

The large company that drills a well often sells it to a midsize
company that operates it for a while, then finally to someone who
can "eke out the last few molecules," said Environmental Defense
Fund attorney Adam Peltz.  "Really these end sales are about
escaping the plugging liability."

The federal government—which oversees 10% of leases—and the
nation's oil producing states generally require that producers post
bonds for their wells, providing some financial assurance that
drillers will pay for their own environmental liabilities.

"But bonds have historically not been sufficient" to cover cleanup
costs, said Peltz.  In many instances at the state level, "there's
really only pennies on the dollar for the state to plug if the
operator goes bankrupt."

For example, Louisiana-based Shoreline Energy LLC turned its oil
well decommissioning obligations over to the state after filing for
bankruptcy in 2016.

Three years later, Weatherly Oil & Gas LLC left Texas with millions
of dollars in plugging liabilities from wells abandoned in Chapter
11.

And last year, wells abandoned by PetroShare Corp. as part of its
bankruptcy left Colorado taxpayers with the bill.
Predecessors on the Hook

It’s atypical for oil and gas drillers to leave unprofitable
wells to the state because they could more easily be sold to other
producers, said Robert Schuwerk, an executive director at Carbon
Tracker, a think tank focused on climate change. But mounting
economic pressures, growing environmental concerns, and stricter
regulations appear to be changing that.

"In the bankruptcies you will start to see that people use the
power of abandonment," he said, adding that PetroShare’s course
through Chapter 11 could be the "industry ideal model."

BOEM, a division of the Interior Department that oversees offshore
energy development, announced it was expanding financial assurance
efforts in the Gulf of Mexico just weeks after Fieldwood Energy LLC
was cleared to reorganize in bankruptcy through a plan that
addressed an estimated $7 billion of cleanup obligations in the
Gulf.

The Houston-based offshore operator's plan relied on a complex
series of transactions, abandoning old wells, and foisting
potentially hundreds of millions of dollars’ worth of
decommissioning obligations on its well-capitalized predecessors
and joint business partners.

The Chapter 11 plan drew challenges from companies like BP
Exploration & Production Inc. and Exxon subsidiary XTO Energy Inc.
for saddling them with liabilities stemming from leases they sold
to Fieldwood years ago.

But the restructuring scheme passed muster with federal regulators
and was deemed by U.S. Bankruptcy Judge Marvin Isgur to be "in the
best interest of the United States and the creditors of the
estate."

Fieldwood wasn't the first offshore oil producer to use bankruptcy
to isolate bad assets and abandon idled wells. But the extent of
what happened in that case “was on a different scale," said
Goodwine, who has built a career from counseling drillers in the
Gulf states. "I think it's indicative of where things are going or
how things will be handled in the future."

Changing Landscape

Although Interior may be able to give its blessing to bankruptcy
plans that shift liabilities to financially healthy companies, that
call isn’t always up to federal officials. In fact, state-level
regulators oversee about 90% of the nation’s oil wells.

And not every state has the same power as the federal government to
look to predecessors to foot the cleanup bill, said Kelli Norfleet,
a Houston-based bankruptcy lawyer at Haynes and Boone LLP. If an
insolvent driller with insufficient bonding tries to abandon wells
to a state without that ability, “you’re placing the liability
squarely at the feet of the taxpayers in that state,” she said.

To mitigate the likelihood that taxpayers must shoulder the costs
of cleaning up after failed petroleum companies, states are looking
to bolster their bonding requirements.

In the most high-profile rulemaking at the state level, Colorado is
in the process of implementing rules that would raise the cost of
bonding for each new well drilled in the state. Michigan, Oklahoma,
Ohio, Pennsylvania, West Virginia, and Utah all are making similar
efforts, Peltz said.

Recently introduced federal legislation (S.2177) also would
strengthen bonding requirements for wells on federal land. That
bill would go beyond simply plugging the roughly 57,000 abandoned
wells dotting the U.S. that have no known solvent last operator of
record.

“Our bills not only invest in orphaned well clean up, but also
restore the role of local leaders in lease sales, and hold
companies operating on public lands to the same high standards that
responsible operators already follow,” lead sponsor Sen. Michael
Bennet (D-Colo.) said in a June 22 statement. “These bills will
reduce methane emissions—which is the fastest way to protect our
climate, restore wildlife habitat, and create good-paying jobs."


[^] BOOK REVIEW: BOARD GAMES - Changing Shape of Corporate Power
----------------------------------------------------------------
Author:     Arthur Fleischer, Jr.,
            Geoffrey C. Hazard, Jr., and
            Miriam Z. Klipper
Publisher:  Beard Books
Softcover:  248 pages
List Price: $34.95

Order your personal copy today at
http://www.amazon.com/exec/obidos/ASIN/1587981629/internetbankrupt


A ruling by the Delaware Supreme Court on January 29, 1985 was a
wake-up call to directors of U. S. corporations. On this date,
overruling a lower court decision, the Delaware Supreme Court
ruled
that the nine board members of Chicago company Trans Union
Corporation were "guilty of breaching their duty to the company's
shareholders." What the board members had done was agree to sell
Trans Union without a satisfactory review of its value. The guilty
board members were ordered by the Court to pay "the difference
between the per share selling price and the 'real' market value of
the company's shares."

Needless to say, the nine Trans Union directors were shocked at
the
guilt verdict and the punishment. The chairman of the board,
Jerome
Van Gorkom, was a lawyer and a CPA who was also a board member of
other large, respected corporations. For the most part, it was he
who had put together the terms of the potential sale, including
setting value of the company's stock at $55.00 even though it was
trading at about $38.00 per share. News of the possible sale
immediately drove the stock up to $51.50 per share, and was
commented on favorably in a "New York Times" business article.
Still, Van Gorkom and the other directors were found guilty of
breaching their duty, and ordered by Delaware's highest court to
pay a sum to injured parties that would be financially ruinous.
This was clearly more than board members of the Trans Union
Corporation or any other corporation had ever bargained for. It
was
more than board members had ever conceived was possible without
evidence of fraud or graft.

The three authors are all attorneys who have worked at the highest
levels of the legal field, business, and government. Fleischer is
the senior partner of the law firm Fried, Frank, Harris, Schriver
&
Jacobson at the head of its mergers and acquisitions department.
He's also the author of the textbook "Takeover Defenses" which is
in its 6th edition. Hazard is a Professor of Law and former
reporter for the American Bar Association's special committee on
the lawyers' ethics code; while Klipper has been a New York
assistant district attorney prosecuting corporate and financial
fraud, and also a corporate attorney on Wall Street. Using the
Trans Union Corporation case as a watershed event for members of
boards of directors, the highly-experienced legal professionals
lay
out the new ground rules for board members. In laying out the
circumstances and facts of a number of cases; keen, concise
analyses of these; and finding where and how board members went
wrong, the authors provide guidance for corporate directors, top
executives, and corporate and private business attorneys on
issues,
processes, and decisions of critical importance to them.

Household International, Union Carbide, Gelco Corp., Revlon, SCM,
and Freuhauf are other major corporations whose
merger-and-acquisitions activities resulted in court cases that
the
authors study to the benefit of readers. The Boards of Directors
of
these as well as Trans Union and their positions with other
companies are listed in the appendix. Many other corporations and
their board members are also referred to in the text.

With respect to each of the cases it deals with, BOARD GAMES
outlines the business environment, identifies important
individuals, analyzes decisions, and discusses considerations
regarding laws, government regulations, and corporate practice. In
all of this, however, given the exceptional legal background of
the
three authors, the book recurringly brings into the picture the
legalities applying to the activities and decisions of board
members and in many instances, court rulings on these. Passages
from court transcripts are occasionally recorded and commented on.
Elsewhere, legal terms and concepts -- e. g., "gross
nonattendance"
-- are defined as much as they can be. In one place, the authors
discuss six levels of responsibility for board members from
"assure
proper result" through negligence up to fraud. Without being
overly
technical, the authors' legal experience and guidance is
continually in the forefront. Needless to say, with this, BOARD
GAMES is a work of importance to board members and others with the
responsibility of overseeing and running corporations in the
present-day, post-Enron business environment where shareholders
and
government officials are scrutinizing their behavior and decisions.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2021.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***