/raid1/www/Hosts/bankrupt/TCR_Public/211011.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, October 11, 2021, Vol. 25, No. 283

                            Headlines

11500 SPACE: Unsec. Creditors to Get Paid from Sale/Loan Proceeds
2136 FULTON: Plan Confirmation Hearing Set for Nov. 9
6525 BELCREST: White Taylor Represents Dewey, Bald Eagle
A & G PIZZA: Plan & Disclosures Due Dec. 28
A.B.C. CARPET: Auction of Substantially All Assets Set for Oct. 22

ABILITY INC: Faces US$194K Suit for Legal Services
ACER THERAPEUTICS: Gets Notice of Allowance for Patent Application
ADT SECURITY: Egan-Jones Keeps B- Senior Unsecured Ratings
AEROSPACE FACILITIES: Seeks to Hire Gabriel Liberman as Counsel
AES CORP: Egan-Jones Keeps BB Senior Unsecured Ratings

AGSPRING MISSISSIPPI: Oct. 15 Hearing on Bid Procedures for Assets
ALGON CORP: Wins Cash Collateral Access Thru Oct 31
ALLEGIANT TRAVEL: Egan-Jones Keeps B- Senior Unsecured Ratings
ALLIED SYSTEMS: Yucaipa Drained Funds After Chapter 11 Ruling
ALM LLC: To Seek Plan Confirmation on Nov. 3

ALPHA LATAM: Cerberus South Named Stalking Horse Bidder of Assets
ALUMINUM SHAPES: Auction of Substantially All Assets on Oct. 25
ANTERO MIDSTREAM: Moody's Ups CFR to Ba2 & Unsecured Notes to Ba3
ANTERO RESOURCES: Moody's Ups CFR to Ba2 & Unsecured Notes to Ba3
AR TEXTILES: Plan & Disclosures Deadline Extended to Oct. 27

ASHA PROPERTY: Gets Cash Collateral Access
ATHABASCA OIL: S&P Rates Senior Secured Second-Lien Debt 'B+'
AVERY COMMERCIAL: Says Negotiations w/ Great Western Still Ongoing
AVIS BUDGET: Egan-Jones Hikes Senior Unsecured Ratings to CCC
BAIRN LLC: Case Summary & 20 Largest Unsecured Creditors

BALL CORP: Egan-Jones Keeps BB Senior Unsecured Ratings
BELDEN INC: Egan-Jones Keeps BB- Senior Unsecured Ratings
BLUCORA INC: Egan-Jones Keeps B Senior Unsecured Ratings
BOY SCOUTS OF AMERICA: Court Approves Disclosure Statement
BOY SCOUTS: Plan Confirmation Hearings to Begin Jan. 24

BRAINSTORM INTERNET: Taps Weinman & Associates as New Counsel
BT MCCARTHY: Case Summary & 20 Largest Unsecured Creditors
CALPLANT I: Court Gives Permission to Tap $30.1Mil. Bankruptcy Loan
CAMBER ENERGY: Has 249.6M Authorized Common Shares as of Oct. 6
CANADA GOOSE: S&P Alters Outlook to Positive, Affirms 'B+' ICR

CARDINAL HEALTH: Egan-Jones Keeps BB Senior Unsecured Ratings
CASUALTY UNDERWRITERS: A.M. Best Cuts FSR to B(Fair)
CDT DE SAN SEBASTIAN: To File Amended Plan by Oct. 13
CE INTERMEDIATE: S&P Assigns 'B-' ICR, Outlook Stable
CENTRAL GARDEN: Egan-Jones Keeps BB Senior Unsecured Ratings

CENTURY ALUMINUM: Egan-Jones Keeps CCC Senior Unsecured Ratings
CHOICE HOTELS: Egan-Jones Keeps BB Senior Unsecured Ratings
CIMAREX ENERGY: Egan-Jones Keeps BB+ Senior Unsecured Ratings
CM WIND: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
CMC MATERIALS: Egan-Jones Keeps BB+ Senior Unsecured Ratings

CORPORATE COLOCATION: Cash Deal with Landlord, SBA OK'd
CORRY DAVIS: Claims Will be Paid From Estate Sale Proceeds
CRAVE BRANDS: Wins Cash Collateral Access Thru Dec 15
DATAVANT GROUP: Moody's Confirms B3 CFR & Alters Outlook to Pos.
DELUXE CORP: Egan-Jones Keeps B Senior Unsecured Ratings

DISH NETWORK: Egan-Jones Hikes Senior Unsecured Ratings to BB+
DOMTAR CORP: Egan-Jones Keeps BB+ Senior Unsecured Ratings
DUNTOV MOTOR: Unsecured Creditors to Get $18K in 36 Months
DURA-TRAC FLOORING: Unsecureds to Recover 5% via Quarterly Payments
EAGLE GARDEN: Case Summary & Unsecured Creditor

EQUESTRIAN EVENTS: Updates TD Auto Secured Claims Pay Details
EVERGREEN GARDENS: $7MM DIP Loan, Cash Collateral Access OK'd
EXPEDIA GROUP: Egan-Jones Keeps B+ Senior Unsecured Ratings
FERRO CORP: Egan-Jones Hikes Senior Unsecured Ratings to B+
FORD STEEL: Unsecureds to Recover 100% in Sale Plan

GEORGE WASHINGTON: Lender Sues Port Authority Over Bankruptcy Sale
GEORGE WESTON: Egan-Jones Keeps BB Senior Unsecured Ratings
GREEN PHARMACEUTICALS: Continued Operations to Fund Plan
GREIF INC: Egan-Jones Cuts Senior Unsecured Ratings to BB-
GYPSUM RESOURCES: Claims to be Paid From Cash Flow

HAWAIIAN HOLDINGS: Extends Early Tender Deadline to Oct. 14
HAWAIIAN HOLDINGS: U.S. Global Jets Acquires 10.42% Equity Stake
HOST HOTELS: Egan-Jones Keeps BB Senior Unsecured Ratings
IAMGOLD CORPORATION: Egan-Jones Keeps BB Senior Unsecured Ratings
IONIS PHARMACEUTICALS: Egan-Jones Keeps BB- Sr. Unsecured Ratings

ISTAR INC: Egan-Jones Keeps B+ Senior Unsecured Ratings
JACK IN THE BOX: Egan-Jones Keeps B- Senior Unsecured Ratings
JAMES M MIES: $550K Sale of Sedgwick County Property to Nietos OK'd
KATERRA INC: Ex-Clients Demands $1 Million Payment Error Return
KNOW LABS: Extends Maturity of Convertible Promissory Notes to 2022

LAREDO PETROLEUM: S&P Alters Outlook to Positive, Affirms 'B-' ICR
LEGACY HALL: Plan to be Funded by Property Sale Proceeds
LOVE BITES: Case Summary & 20 Largest Unsecured Creditors
LOVES FURNITURE: Court Okays Disclosures & Confirms Plan
MACERICH COMPANY: Egan-Jones Keeps BB+ Senior Unsecured Ratings

MARATHON PETROLEUM: Egan-Jones Keeps BB Senior Unsecured Ratings
MBIA INC: Egan-Jones Keeps CCC Senior Unsecured Ratings
MEDLEY LLC: Court Okays Plan Despite Regulators' Objections
MERITOR INC: Egan-Jones Hikes Senior Unsecured Ratings to BB
METLIFE INC: Egan-Jones Keeps BB+ Senior Unsecured Ratings

MICROCHIP TECHNOLOGY: Egan-Jones Keeps B+ Senior Unsecured Ratings
MONITRONICS INTERNATIONAL: S&P Affirms 'B-' ICR on Refinancing
MOON GROUP: Committee Taps Gavin/Solmonese as Financial Advisor
MOON GROUP: Committee Taps Saul Ewing Arnstein & Lehr as Counsel
MOON GROUP: Seeks to Hire 'Ordinary Course' Professional

MORRIS MAILING: To Seek Plan Confirmation on Nov. 30
MOUTHPEACE DENTAL: Unsecureds Will Get 10.3% Dividend in Plan
MRO HOLDINGS: S&P Alters Outlook to Positive, Affirms 'B' ICR
NATIONAL FUEL: Egan-Jones Keeps BB Senior Unsecured Ratings
NCR CORP: Egan-Jones Keeps B- Senior Unsecured Ratings

NORDSTROM INC: Egan-Jones Keeps B+ Senior Unsecured Ratings
NORTHWEST BANCORP: Notice on Bid Procedures for Asset Shortened
NXT ENERGY: To Present at LD Micro Main Event on Oct. 14
OCCIDENTAL PETROLEUM: Egan-Jones Keeps B+ Senior Unsecured Ratings
OFFICE DEPOT: Egan-Jones Keeps CCC+ Senior Unsecured Ratings

ORGANIC POWER: Disclosure is Inadequate, Healy Says
ORGANIC POWER: Oriental Says Plan Not Fair and Equitable
OWENS-ILLINOIS GROUP: Egan-Jones Hikes Sr. Unsecured Ratings to B
OXFORD INDUSTRIES: Egan-Jones Hikes Senior Unsecured Ratings to B+
PATTERSON COMPANIES: Egan-Jones Keeps B+ Senior Unsecured Ratings

PERSEVERANCE GROUP: Kemp Smith Represents Crusades Claimants
POST OAK TX: Wins Cash Collateral Access Thru Oct 14
PREMIER ASSURANCE: Foreign Reps' $365K Sale of Property Approved
PREMIER ASSURANCE: Foreign Reps' $405K Sale of Real Property Okayed
PREMIER SERVICES: Gets OK to Hire Hoff Law Offices as Legal Counsel

PSALMS FUNERAL: Continued Operations to Fund Plan Payments
PVH CORP: Egan-Jones Keeps B+ Senior Unsecured Ratings
RADIAN GROUP: Egan-Jones Keeps BB+ Senior Unsecured Ratings
RANGE RESOURCES: Moody's Hikes CFR to Ba3 & Alters Outlook to Pos.
RIVER BEND MARINA: To Seek Plan Approval on Nov. 18

ROBERT MORRIS: Kizer Bonds Represents Centennial Bank, Nutrien
ROSCOE GUITARS: Wins Access to Cash Collateral Thru Oct 28
RR DONNELLEY: Egan-Jones Hikes Senior Unsecured Ratings to B-
S.A.M. GROUP: Unsecured Creditors to Get $6.6K in 4 Years
SCM DALLAS: Cash Access Deal with SBA OK'd

SD IMPORT: Unsecureds Will Get 100% of Claims in Subchapter V Plan
SEADRILL LTD: Seeks 4 More Months of Bankruptcy Control
SEP SOFTWARE: Gets OK to Hire Kutner as Bankruptcy Counsel
SHARITY MINISTRIES: Pays Full Refund for Pospetition Payments
SKILL CAPITAL: Creditors to Get Proceeds From Liquidation

SMITHFLY DESIGNS: Unsecureds' Recovery Hiked to 25% in Plan
SOO HOTELS: Unsecured Creditors to Get $5K per Month for 60 Months
SPECTACLE GARY: S&P Upgrades ICR to 'B', Outlook Stable
SUMMIT HOTEL: Egan-Jones Keeps BB Senior Unsecured Ratings
SUNSTONE HOTEL: Egan-Jones Keeps B+ Senior Unsecured Ratings

TEEKAY CORP: Egan-Jones Keeps B Senior Unsecured Ratings
TEEKAY TANKERS: Egan-Jones Keeps BB Senior Unsecured Ratings
TELEPHONE AND DATA: Egan-Jones Keeps B+ Senior Unsecured Ratings
TEX-GAS HOLDINGS: Unsecureds Will be Paid in Full Over 24 Months
TIBCO SOFTWARE: Fitch Affirms 'B' LT IDR, Outlook Remains Negative

TRIDENT BRANDS: Names Michael Friedman as President, CEO
TRIDENT HOLDINGS: Case Summary & 14 Unsecured Creditors
UNITED AIRLINES: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
UPSTREAM LIFE: A.M. Best Withdraws C++(Marginal) FSR
USA GYMNASTICS: "Future Claims" Inconsistent, Says Humphrey

USA GYMNASTICS: $425M Settlement to Sex Abuse Claimants Proposed
USA GYMNASTICS: Disclosure Omits Allocation Protocol, Claimants Say
USA GYMNASTICS: Disclosures Inadequate, Twistars Says
USA GYMNASTICS: Plan Disclosures Inadequate, TIG Says
USA GYMNASTICS: UST Says Plan Patently Unconfirmable

USF HOLDINGS: S&P Downgrades ICR to 'CCC+', Outlook Developing
VECTOR GROUP: Egan-Jones Keeps CCC Senior Unsecured Ratings
VIASAT INC: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
WENDY'S COMPANY: Egan-Jones Keeps B- Senior Unsecured Ratings
WESCO INTERNATIONAL: Egan-Jones Keeps B+ Senior Unsecured Ratings

WYNN RESORTS: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
YUNHONG CTI: Signs New $6M ABL Senior Secured Credit Facility
ZAANA-17 LLC: $640K Sale of Pelham Property to Gurneys Approved
[*] Pre-Bankruptcy Payouts Under Fire from U.S. Govt. Watchdog
[^] BOND PRICING: For the Week from October 4 to 8, 2021


                            *********

11500 SPACE: Unsec. Creditors to Get Paid from Sale/Loan Proceeds
-----------------------------------------------------------------
11500 Space Center, LLC, filed with the U.S. Bankruptcy Court for
the Southern District of Texas a Disclosure Statement in support of
Plan of Reorganization dated October 5, 2021.

11500 Space Center is a Texas limited liability company formed on
December 3, 2003 under the name Mr. Money Fifteen, LLC. On May 11,
2007, the company amended its Articles of Organization to change
the name to 11500 Space Center, LLC. 11500 Space Center maintains
its principal offices in Houston, Harris County Texas and owns as
its' primary asset a 4.13 acre of land located at 11500 Space
Center Blvd, Houston, Texas ("Property").

This bankruptcy was filed to allow the Debtor sufficient time to
market and sell or lease Property and/or refinance the debt, with
the proceeds to be utilized to pay creditors. Subsequent to the
Petition Date, the Debtor negotiated the terms of a lease with a
new tenant and intends to seek Bankruptcy Court approval of the
same. The Debtor believes that selling or refinancing the Property
will provide the greatest return to creditors.

The Debtor seeks to confirm the Plan of Reorganization which seeks
to restructure the assets and liabilities of the Debtor through
either (i) rental income received from operation of the Property
and refinancing of existing debt or (ii) sale of the Property and
distribution of Net Sale Proceeds as provided herein and in the
Plan. As described in this Disclosure Statement, the Debtor believe
that the procedures set forth in the Plan will provide the highest
and best recovery for the Debtor's estate and creditors.

The terms of the Debtor's Plan are based upon, among other things,
the Debtor's assessment of its ability to achieve the goals, make
the distributions contemplated under the Plan, and pay its
continuing obligations in the ordinary course of business. Under
the Plan, Claims against and Interests in the Debtor are divided
into Classes according to their relative seniority and other
criteria.

Generally, if the Plan is confirmed by the Bankruptcy Court and
consummated:

     * Administrative Claims of Professionals and the United States
Trustee will be paid in full in cash, from the Net Sale Proceeds;

     * Allowed Secured Class 1 Claims shall receive monthly
payments until the Allowed Claims shall be paid in full;

     * Allowed Secured Class 2 and Class 3 Claims shall receive
periodic interest payments until the Property is sold or
refinanced, at which time the Allowed Claims shall be paid in full
from the proceeds of such sale or refinance;

     * Allowed Secured Class 4 Claims shall receive periodic
payments until the Property is sold or refinanced, at which time
the Allowed Claims shall be paid in full from the proceeds of such
sale or refinance;

     * after payment of the Class 1, Class 2, Class 3, and Class 4
Claims, allowed M&M and Judgment Claims will be paid in full upon
sale or refinance of the Property;

     * thereafter Allowed Class 6 Claims of General Unsecured
Creditors will be paid on a pro rata basis from the Net Sale/Loan
Proceeds until paid in full, without interest;

     * thereafter, the Allowed Unsecured Affiliate and Insider
Claims will be paid on a pro rata basis from the remaining Net Sale
/Loan Proceeds.

The Plan provides for the sale or refinancing of the Property
within 24 of the Effective Date which provides sufficient funds to
pay Allowed Class 1, Class 2, Class, Class 4, Class 5, and Class 6
Claims in full as provided in the Plan. The proceeds of the sale
will be distributed pursuant to the terms of the Plan.
Alternatively, the Debtor may obtain refinancing of the Property,
the proceeds of which shall be distributed pursuant to the terms of
the Plan. Additional funding for the Plan shall come from monthly
rental payments received from the lease with Voyages of Houston.

The source of funds to achieve consummation of and carry out the
Plan will be (i) the Net Sale Proceeds or Loan Proceeds; (ii)
rental income; (iii) the Other Assets, if any; and (iv) the Net
Litigation Proceeds, if any, which will be used to satisfy Claims
in the manner and order of priority.

A full-text copy of the Disclosure Statement dated October 5, 2021,
is available at https://bit.ly/3iIYAsZ from PacerMonitor.com at no
charge.

                  About 11500 Space Center

11500 Space Center, LLC, a company based in Houston, filed a
Chapter 11 petition (Bankr. S.D. Texas Case No. 21-32299) on July
6, 2021.  At the time of the filing, the Debtor had between $10
million and $50 million in both assets and liabilities. John Kevin
Munz, president, signed the petition.  Judge David R. Jones
oversees the case.  Haselden Farrow, PLLC serves as the Debtor's
legal counsel.


2136 FULTON: Plan Confirmation Hearing Set for Nov. 9
-----------------------------------------------------
Judge Nancy Hershey Lord of the U.S. Bankruptcy Court for the
Eastern District of New York approved the Third Modified Disclosure
Statement with respect to the Third Modified Plan of 2136 Fulton
Realty LLC.  

The Court scheduled a telephonic hearing for Nov. 9, 2021 at 11
a.m. (prevailing Eastern Time) to consider confirmation of the
Plan.  Objections to Plan confirmation must be filed and served by
5 p.m. (prevailing Eastern Time) on Nov. 2.

A copy of the order is available at https://bit.ly/2YpmCSj from
PacerMonitor.com at no charge.

                     About 2136 Fulton Realty

2136 Fulton Realty LLC's primary asset is a mixed use property
consisting of a vacant commercial space and two residential
apartments located at 2136 Fulton Street, Brooklyn, New York.  Both
residential apartments are occupied with a monthly rent of $2,100
for each of the units.

2136 Fulton Realty LLC filed a Chapter 11 petition (Bankr. E.D.N.Y.
Case No. 20-42296) on June 10, 2020.  Eric H. Horn, Esq., of A.Y.
Strauss LLC, is the Debtor's counsel.


6525 BELCREST: White Taylor Represents Dewey, Bald Eagle
--------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Whiteford, Taylor & Preston L.L.P. submitted a
verified statement to disclose that it is representing Dewey, L.C.
and Bald Eagle Partners, LLC in the Chapter 11 cases of 6525
Belcrest Road, LLC.

WTP has been retained to represent Dewey L.C. and Bald Eagle
Partners, LLC in the Chapter 11 Case.  Bald Eagle serves as
development manager and advisor to Dewey in its efforts to develop
their property in Hyattsville, MD. Additional, Bald Eagle has a
parcel adjacent to the Dewey track under contract which has a
separate Detailed Site Plan which is linked to the overall
development and to Dewey's Detailed Site Plan.

As of Oct. 6, 2021, each creditor and their disclosable economic
interests are:

Bald Eagle Partners, LLC
4800 Hampden Lane, Ste 200
Bethesda, MD 20814

* Nature of Claim: Disparagement of title, abuse of process and
                   related claims
* Amount of Claim: Undetermined

Dewey, L.C.
4800 Hampden Lane, Ste 200
Bethesda, MD 20814

* Nature of Claim: Lease-Rejection damages claim
* Amount of Claim: $2,700,723.23

* Nature of Claim: Administrative claim
* Amount of Claim: $65,365.38

* Nature of Claim: Disparagement of title, abuse of process and
                   related claims
* Amount of Claim: Undetermined

WTP reserves the right to amend or supplement this Verified
Statement.

The information contained herein is intended only to comply with
Bankruptcy Rule 2019 and is not intended for any other use or
purpose.

Counsel for Dewey, L.C. and Bald Eagle Partners, LLC can be reached
at:

          WHITEFORD, TAYLOR & PRESTON L.L.P.
          Kenneth M. Lewis, Esq.
          220 White Plains Road, Second Floor
          Tarrytown, NY 10591
          Tel: (914) 761-8400
          E-mail: klewis@wtplaw.com

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

                    About 6525 Belcrest Road

New York-based 6525 Belcrest Road, LLC owns Metro Center III, a
commercial real property in Hyattsville, Md.

6525 Belcrest Road filed its voluntary petition for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 21-10968) on May 19, 2021,
listing as much as $10 million in both assets and liabilities.
Judge Michael E. Wiles oversees the case.

The Debtor tapped Robinson Brog Leinwand Greene Genovese & Gluck PC
as bankruptcy counsel and Peckar & Abramson, PC, as special
litigation counsel.


A & G PIZZA: Plan & Disclosures Due Dec. 28
-------------------------------------------
In the Chapter 11 case of A & G Pizza, Inc., Judge David M. Warren
ordered that, to ensure that the case is handled expeditiously and
economically, the Debtor must file a plan and a disclosure
statement by Dec. 28, 2021.  A status conference will be held on
Monday, October 25, 2021, at 9:30 a.m. by conference telephone
call.

                       About A & G Pizza

A & G Pizza, Inc., operates "Milano Pizza" in Zebulon, North
Carolina. Milano Pizza has been in business for over thirty years.
The debtor-entity, owned by Aiman Abdelhadi, has operated Milano
Pizza since 2015.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.C. Case No. 21-02160) on Sept. 29,
2021.  In the petition filed by Aiman Abdelhadi, president, the
Debtor disclosed up to $50,000 in assets and up to $500,000 in
liabilities.

Travis Sasser, Esq., at Sasser Law Firm, is the Debtor's counsel.


A.B.C. CARPET: Auction of Substantially All Assets Set for Oct. 22
------------------------------------------------------------------
Judge David S. Jones of the U.S. Bankruptcy Court for the Southern
District of New York authorized the bidding procedures proposed by
A.B.C. Carpet Co. Inc. and its affiliates in connection with the
sale of substantially all of their assets to 888 Capital Partners,
LLC, subject to overbid.

The consideration for the sale and transfer of the Acquired Assets
from the Sellers to the Buyer will be (a) a credit bid of the DIP
Credit Agreement and Prepetition Secured Indebtedness (which is
estimated to exceed $15 million); (b) the payment by or on behalf
of the Buyer or its designee of the Professional Fee Escrow Amount
and the Winddown Amount in an aggregate amount not to exceed the
financing or funding provided pursuant to the Budget and the DIP
Order, (c) cash to pay the Cure Amounts, if any, (d) cash equal to
$300,000 plus the amount of the Store-Level Cash; and (e) the
assumption by the Buyer of the Assumed Liabilities pursuant to the
Assignment and Assumption Agreements which will provide for,
amongst other items, (x) assumption of gift card liabilities and
merchandise credits, (y) assumption of Customer Order Obligations
described in Section 1.3(a); and (z) the Transition Service
Contribution (as defined in Section 6.2).

The Debtors are authorized to enter into the Stalking Horse
Agreement, and the Stalking Horse Bid will be subject to higher or
better Qualified Bids, in accordance with the terms and procedures
of the Bidding Procedures.

The Stalking Horse Bid Protections, as modified in the Bidding
Procedures Order, are approved in their entirety, including,
without limitation, the Break-Up Fee and Expense Reimbursement,
payable in accordance with, and subject to the terms of, the
Stalking Horse Agreement and the Bidding Procedures.  In accordance
with the Stalking Horse Agreement, as modified, the Stalking Horse
Bidder will be granted the right to a break-up fee in an amount
equal to $500,000 and reimbursement of reasonable, documented
expenses incurred by the Stalking Horse Bidder and its
professionals in negotiating the Stalking Horse Bid and the
Stalking Horse Agreement, in an amount not to exceed $300,000.
Except as expressly provided for in the Order, no other bidding
protections are authorized or permitted under it.

The Debtors are authorized to pay the Break-Up Fee, to the extent
payable under the Stalking Horse Agreement, without further order
of the Court.

They are authorized to escrow the Expense Reimbursement, to the
extent payable under the Stalking Horse Agreement, without further
order of the Court, but will not disburse any of such funds,
subject to agreement of the parties as to the amount or, otherwise,
an order of the Court.

In accordance with the terms of the Stalking Horse Agreement, the
Bid Protections will be paid in cash from the proceeds of any
approved Alternative Transaction.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Oct. 19, 2021, at 4:00 p.m. (ET)

     b. Initial Bid: Bidding will start at the purchase price and
terms proposed in the Baseline Bid plus $1.3 million (the $800,000
of bid protections, plus $500,000).

     c. Deposit: 10% of the proposed purchase price

     d. Auction: The Auction will take place at the offices of
Greenberg Traurig, LLP, 200 Park Avenue, New York, New York 10166
or virtually should the Debtors choose on Oct. 22, 2021 if a
Qualified Bid other than the Stalking Horse Bid is received, or at
such other time and location as the Debtors, after consulting with
the Consultation Parties and providing notice to the Sale Notice
Parties, may determine in their reasonable business judgment.

     e. Bid Increments: Not to exceed $250,000

     f. Sale Hearing: Oct. 27, 2021, at 10:00 a.m. (ET) via Zoom

     g. Sale Objection Deadline: Oct. 14, 2021, at 4:00 p.m. (ET)

     h. Closing: Oct. 31, 2021

     i. The Stalking Horse Bidder will be considered a Qualified
Bidder, and the Stalking Horse Bid, as reflected in the Stalking
Horse Agreement, is a Qualified Bid for all purposes and
requirements pursuant to the Bidding Procedures.

     j. In connection with the sale of the Assets, a person or
entity may seek to credit bid all or a portion of their secured
claims for their respective collateral pursuant to section 363(k)
of the Bankruptcy Code. A Credit Bid will not require a Deposit.

The Sale Notice is approved, and no other or further notice of the
sale of the Assets, the Auction, the Sale Hearing, or the deadlines
for Sale Objections will be required if the Debtors serve and
publish such notice in the manner provided in the Bidding
Procedures and the Order.  

Within two business days after entry of the Order, the Debtors will
file with the Court, serve on the Sale Notice Parties, and cause to
be published on the Case Website the Sale Notice upon Sale Notice
Parties.

Within five business days after entry of the Order, the Debtors
will cause the contents of the Sale Notice to be published once in
the national edition of USA Today or the New York Times.

Within one calendar day after the conclusion of the Auction (or as
soon as reasonably practicable thereafter), the Debtors will file
with the Court, serve on the Sale Notice Parties, and cause to be
published on the Case Website, the Notice of Auction Results.

The Assumption and Assignment Procedures are approved. As soon as
practicable, but not later than three days after the entry of the
Order, the Debtors will file with the Court, serve on the Sale
Notice Parties, and cause to be published on the Case Website, the
Initial Assumption and Assignment Notice. The deadline for a
counterparty to object to the assumption and assignment of its
executory contract(s) and unexpired lease(s) is Oct. 14, 2021 at
4:00 p.m. (ET).

Pursuant to the terms of the Stalking Horse Agreement, the Stalking
Horse Bidder will have the right, at any time prior to two Business
Days prior to the Sale Hearing if no Auction is held, to designate
additional Transferred Contracts for which notice has been provided
for proposed assumption and assignment to the Stalking Horse Bidder
or to remove Contracts from the list of Transferred Contracts from
proposed assumption and assignment.

Within three days of an Adequate Assurance Objection, the Debtors
will provide to the objecting Counterparty Adequate Assurance
Information of the Stalking Horse Bidder.

Notwithstanding the possible applicability of Bankruptcy Rules
6004(h), 6006(d), 7062, or 9014, or any applicable provisions of
the Bankruptcy Rules or the Local Rules or otherwise stating the
contrary, the terms and conditions of the Order will be immediately
effective and enforceable upon its entry, and any applicable stay
of the effectiveness and enforceability of the Order is waived.

The Debtors are authorized to take all action necessary to
effectuate the relief granted in the Order.

A copy of the Bidding Procedures is available at
https://tinyurl.com/4wr7kexh from PacerMonitor.com free of charge.

                   About A.B.C. Carpet Co. Inc.

New York-based A.B.C. Carpet Co., Inc. owns and operates ABC
Carpet
& Home, an iconic lifestyle brand and home furnishing retailer
with
stores in Manhattan and Brooklyn.

A.B.C. Carpet Co. and its affiliates filed their voluntary
petitions for Chapter 11 protection (Bankr. S.D.N.Y. Lead Case
No.21-11591) on Sept. 8 2021.  Aaron Rose, chief executive
officer,
signed the petitions. At the time of filing, the Debtors
disclosed up to $50 million in assets and up to $100 million in
liabilities.

Judge David S. Jones oversees the cases.

The Debtors tapped Greenberg Traurig, LLP as legal counsel and B.
Riley Securities, Inc. as investment banker and financial advisor.
Stretto is the claims and noticing agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' bankruptcy cases on Sept. 22,
2021.



ABILITY INC: Faces US$194K Suit for Legal Services
--------------------------------------------------
Ability Inc. disclosed that on Oct. 5, 2021, a claim was filed
against the company for a total of NIS 629,378 ($193,953 based on
the exchange rate of $1.00 / NIS 3.245 in effect as of Oct. 6,
2019) in respect of a financial debt claimed for legal services
against the company, the company's subsidiaries Ability Computer
Software Industries Ltd. and Ability Security Systems Ltd., Mr.
Anatoly Hurgin, Mr. Alexander Aurovsky, and Ability Limited (not a
subsidiary).

Ability Inc. is examining the lawsuit's alleged claims, as well as
its implications, in light of the ongoing proceedings held before
the Tel Aviv District Court as part of a request to delay
proceedings for the purpose of formulating a debt settlement under
the Insolvency and Economic Rehabilitation Law (Amendment No. 4 –
Temporary Order – New Corona Virus) 2021.

                        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, 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.

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.


ACER THERAPEUTICS: Gets Notice of Allowance for Patent Application
------------------------------------------------------------------
Acer Therapeutics Inc. and its collaboration partner, Relief
Therapeutics Holding SA, announced that the U.S. Patent and
Trademark Office (USPTO) has issued a Notice of Allowance for
Acer's patent application No. 17/196,416 for certain claims related
to ACER-001 (sodium phenylbutyrate).  The allowed patent claims in
the application titled, "Palatable Compositions Including Sodium
Phenylbutyrate and Uses Thereof," include pharmaceutical
composition claims covering ACER-001's taste-masked,
multi-particulate dosage formulation for oral administration.

The USPTO issues a patent Notice of Allowance after it determines a
patent should be granted upon completion of any outstanding
administrative requirements.  Acer's patent is expected to be
issued in the fourth quarter of 2021 and expire in 2036.  If it
receives marketing approval for ACER-001, Acer intends to submit
the patent for listing by the U.S. Food and Drug Administration
(FDA) in its Approved Drug Products with Therapeutic Equivalence
Evaluations, or Orange Book.

"We are extremely pleased to have received this Notice of Allowance
from the USPTO for our proprietary formulation of ACER-001 as we
continue to advance its development to potentially treat patients
with Urea Cycle Disorders (UCDs), Maple Syrup Urine Disease (MSUD)
and other possible indications," said Jeff Davis, chief business
officer at Acer.  "This Notice marks another important milestone in
our pursuit of possible ACER-001 commercialization while we prepare
to bring this treatment to UCDs patients, subject to FDA's approval
of our ACER-001 New Drug Application."

Jack Weinstein, chief financial officer and treasurer of Relief,
added, "In parallel to the patent application efforts in the U.S.,
Acer and Relief are pursuing similar claims in the European Patent
Office to cover ACER-001 as we continue to execute on our plan to
submit a Marketing Authorization Application for ACER-001 for the
treatment of patients with UCDs in Europe in Q2/Q3 2022."

Parties interested in the ACER-001 program for UCDs may sign up for
updates at:
https://www.acertx.com/rare-disease-research/acer-001-for-urea-cycle-disorders-ucds/

ACER-001 is an investigational product candidate which has not been
approved by FDA, the European Medicines Agency (EMA), or any other
regulatory authority.  There can be no assurance that this product
candidate will receive regulatory authority approval for marketing
in any territory or become commercially available for the
indications under investigation.

                         Acer Therapeutics

Acer Therapeutics -- http://www.acertx.com-- is a pharmaceutical
company focused on the acquisition, development and
commercialization of therapies for serious rare and
life-threatening diseases with significant unmet medical needs.
Acer's pipeline includes four clinical-stage candidates: emetine
hydrochloride for the treatment of patients with COVID-19; EDSIVO
(celiprolol) for the treatment of vascular Ehlers-Danlos syndrome
(vEDS) in patients with a confirmed type III collagen (COL3A1)
mutation; ACER-001 (a taste-masked, immediate release formulation
of sodium phenylbutyrate) for the treatment of various inborn
errors of metabolism, including urea cycle disorders (UCDs) and
Maple Syrup Urine Disease (MSUD); and osanetant for the treatment
of induced Vasomotor Symptoms (iVMS) where Hormone Replacement
Therapy (HRT) is likely contraindicated.  Each of Acer's product
candidates is believed to present a comparatively de-risked
profile, having one or more of a favorable safety profile, clinical
proof-of-concept data, mechanistic differentiation and/or
accelerated paths for development through specific programs and
procedures established by the FDA.

Acer Therapeutics reported a net loss of $22.88 million for the
year ended Dec. 31, 2020, compared to a net loss of $29.42 million
for the year ended Dec. 31, 2019.  As of March 31, 2021, the
Company had $44.51 million in total assets, $34.10 million in total
liabilities, and $10.41 million in total stockholders' equity.

BDO USA, LLP, based in Boston, Massachusetts, issued a "going
concern" qualification in its report dated March 1, 2021, citing
that the Company has recurring losses and negative cash flows from
operations that raise substantial doubt about the Company's ability
to continue as a going concern.


ADT SECURITY: Egan-Jones Keeps B- Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 8, 2021, maintained its
'B-' foreign currency and local currency senior unsecured ratings
on debt issued by ADT Security Corporation. EJR also maintained its
'B' rating on commercial paper issued by the Company.

Headquartered in Boca Raton, Florida, ADT Security Corporation
provides security systems.



AEROSPACE FACILITIES: Seeks to Hire Gabriel Liberman as Counsel
---------------------------------------------------------------
Aerospace Facilities Group, Inc. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of California to employ
the Law Offices of Gabriel Liberman, APC to handle its Chapter 11
case.

The firm's hourly rates are as follows:

     Attorneys               $315 per hour
     Paraprofessionals       $150 per hour

The Debtor paid the firm a retainer in the amount of $15,000.

The firm will also be reimbursed for out-of-pocket expenses
incurred.

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

The firm can be reached at:

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

               About Aerospace Facilities Group Inc.

Aerospace Facilities Group, Inc. is part of the Other Nonmetallic
Mineral Product Manufacturing industry.  It is headquartered in
West Sacramento, Calif.

Aerospace Facilities Group filed a petition for Chapter 11
protection (Bankr. E.D. Calif. Case No. 21-23244) on Sept. 14,
2021, listing up to $1 million in assets and up to $10 million in
liabilities.  Dennis R. Robinson, president of Aerospace Facilities
Group, signed the petition.  Judge Christopher M. Klein oversees
the case.  The Law Offices Of Gabriel Liberman, APC serves as the
Debtor's legal counsel.


AES CORP: Egan-Jones Keeps BB Senior Unsecured Ratings
------------------------------------------------------
Egan-Jones Ratings Company, on September 13, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by AES Corporation.

Headquartered in Arlington County, Virginia, AES Corporation
acquires, develops, owns, and operates generation plants and
distribution businesses in several countries.



AGSPRING MISSISSIPPI: Oct. 15 Hearing on Bid Procedures for Assets
------------------------------------------------------------------
Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the
District of Delaware granted the request of Agspring Mississippi
Region, LLC, and its affiliates to shorten notice with respect to
approval of the bidding procedures relating to the sale of their
Big River assets.

The Bidding Procedures Motion will be considered by the Court at
the omnibus hearing on Oct. 15, 2021, at 1:00 p.m. (ET). The
Objection Deadline is Oct. 12, 2021, at 4:00 p.m. (ET).

                 About Agspring Mississippi Region

Operating as a holding company, Agspring Mississippi Region, LLC
--
https://agspring.com/ -- focuses on grain, oilseed and specialty
crop handling, processing and logistics operations.

Agspring and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Del. Lead Case No. 21-11238) on
Sept. 10, 2021.  In the petition signed by Kyle Sturgeon, chief
restructuring officer, Agspring listed $10 million to $50 million
in assets and $100 million to $500 million in liabilities.

Judge Craig T. Goldblatt oversees the cases.

Pachulski Stang Ziehl & Jones, LLP serves as the Debtors' legal
counsel.



ALGON CORP: Wins Cash Collateral Access Thru Oct 31
---------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
Miami Division, authorized Algon Corporation to continue using cash
collateral on an interim basis through the end of October 2021.

The Court says the prior Order authorizing continued use of cash
collateral, with all conditions set forth therein [ECF 325] is
reaffirmed and modified only to provide that the Debtor may
continue to use cash collateral in the ordinary course of business
and within the budget constraints set forth in the separately filed
October budget [ECF 327] through the end of October 2021,
predicated upon the payment of $15,000 adequate protection to the
secured creditors by the close of business on October 28.

A continued hearing on the Debtor's access to cash collateral is
set for October 29 at 1:30 p.m. via Zoom.

A copy of the order and the Debtor's budget for September and
October 2021 is available for free at https://bit.ly/3Fl9Cy6 from
PacerMonitor.com.

The Debtor projects $145,000 in cash receipts and $132,338 in total
disbursements for October 2021.

                      About Algon Corporation

Miami, Fla.-based Algon Corporation -- https://www.algon.com/ -- is
a worldwide distributor of raw materials and industrial parts for
the pharmaceutical, cosmetic, and food industries.

Algon Corp sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 19-18864) on July 1, 2019.  In the
petition signed by its president, Alfredo Suarez, the Debtor was
estimated to have assets and liabilities of less than $10 million.

The case is assigned to Judge Robert A. Mark.

The Debtor is represented by Geoffrey S. Aaronson, Esq., at
Aaronson Schantz Beiley P.A.



ALLEGIANT TRAVEL: Egan-Jones Keeps B- Senior Unsecured Ratings
--------------------------------------------------------------
Egan-Jones Ratings Company, on September 13, 2021, maintained its
'B-' foreign currency and local currency senior unsecured ratings
on debt issued by Allegiant Travel Company. EJR also maintained its
'B' rating on commercial paper issued by the Company.

Headquartered in Las Vegas, Nevada, Allegiant Travel Company
operates as a leisure travel company.



ALLIED SYSTEMS: Yucaipa Drained Funds After Chapter 11 Ruling
-------------------------------------------------------------
Jeff Montgomery of Law360 reports that a litigation trustee for
long-bankrupt Allied Systems Holdings Inc.'s estate has sued two
Yucaipa Cos. funds and dozens of investors, alleging in Delaware
bankruptcy court that the funds failed to pay more than $132
million in judgments and tried to move $380 million out of reach.

The suit seeks recoveries of the judgments as well as interest and
penalties from Yucaipa American Alliance Fund I LP and a parallel
Yucaipa fund and 39 Yucaipa investors -- including 18 major pension
funds -- into which the Yucaipa funds allegedly transferred some
$380 million as its risks estate claims mounted from Allied.

                   About Allied Systems Holdings

BDCM Opportunity Fund II, LP, Spectrum Investment Partners LP, and
Black Diamond CLO 2005-1 Adviser L.L.C., filed involuntary
petitions for Allied Systems Holdings Inc. and Allied Systems Ltd.
(Bankr. D. Del. Case Nos. 12-11564 and 12-11565) on May 17, 2012.
The signatories of the involuntary petitions assert claims of at
least $52.8 million for loan defaults by the two companies.

Allied Systems, through its subsidiaries, provides logistics,
distribution, and transportation services for the automotive
industry in North America.

Allied Holdings Inc. first filed for chapter 11 protection (Bankr.
N.D. Ga. Case Nos. 05-12515 through 05-12537) on July 31, 2005.
Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represented the
Debtors in the 2005 case. Allied won confirmation of a
reorganization plan and emerged from bankruptcy in May 2007 with
$265 million in first-lien debt and $50 million in second-lien
debt.

The petitioning creditors said Allied defaulted on payments of
$57.4 million on the first lien debt and $9.6 million on the
second.  They hold $47.9 million, or about 20% of the first-lien
debt, and about $5 million, or 17%, of the second-lien obligation.

They are represented by Adam G. Landis, Esq., and Kerri K. Mumford,
Esq., at Landis Rath & Cobb LLP; and Adam C. Harris, Esq.,and
Robert J. Ward, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings Inc. formally put itself and 18
subsidiaries into bankruptcy reorganization June 10, 2012,
following the filing of the involuntary Chapter 11 petition.

The Company is being advised by Mark D. Collins, Esq., at Richards,
Layton & Finger, P.A., and Jeffrey W. Kelley, Esq., at Troutman
Sanders, Gowling Lafleur Henderson.

The bankruptcy court process does not include captive insurance
company Haul Insurance Limited or any of the Company's Mexican or
Bermudan subsidiaries. The Company also announced that it intends
to seek foreign recognition of its Chapter 11 cases in Canada.

An official committee of unsecured creditors has been appointed in
the case.  The Committee consists of Pension Benefit Guaranty
Corporation, Central States Pension Fund, Teamsters National
Automobile Transporters Industry Negotiating Committee, and General
Motors LLC. The Committee is represented by Sidley Austin LLP.

In January 2014, the U.S. Trustee for Region 3 appointed a
three-member Official Committee of Retirees.

Yucaipa Cos. has 55% of the senior debt and took the position it
had the right to control actions the indenture trustee would take
on behalf of debt holders. The state court ruled in March 2013 that
the loan documents didn't allow Yucaipa to vote.

In March 2013, the bankruptcy court gave the official creditors'
committee authority to sue Yucaipa.  The suit includes claims that
the debt held by Yucaipa should be treated as equity or
subordinated so everyone else is paid before the Los Angeles-based
owner.  The judge allowed Black Diamond to participate in the
lawsuit against Yucaipa and Allied directors.

Yucaipa American Alliance Fund I, L.P., Yucaipa American Alliance
(Parallel) Fund I, L.P., Yucaipa American Alliance Fund II, L.P.,
Yucaipa American Alliance (Parallel) Fund II, L.P., represented by
Michael R. Nestor, Esq., and Edmund L. Morton, Esq., at Young
Conaway Stargatt & Taylor, LLP; and Robert A. Klyman, Esq., at
Gibson, Dunn & Crutcher LLP.

First Lien Agent, Black Diamond Commercial Finance, L.L.C.,
represented by Adam G. Landis, Esq., and Kerri K. Mumford, Esq., at
Landis Rath & Cobb LLP; and Adam C. Harris, Esq., Robert J. Ward,
Esq., and David M. Hillman, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings, Inc., has changed its name to ASHINC
Corporation.

                          *     *     *

ASHINC Corporation, f/k/a Allied Systems Holdings, Inc., and its
debtor affiliates filed with the U.S. Bankruptcy Court for the
District of Delaware a joint Chapter 11 plan of reorganization,
co-proposed by the Committee and the first lien agents.

The Plan provides that certain of the Debtors' assets, the
Litigation Trust Assets, will vest in the Allied Litigation Trust,
and the remainder of the Debtors' assets, including the proceeds
from the sale of substantially all of the Debtors' assets, will
either revest in the Reorganized Debtors or be distributed to the
Debtors' creditors.


ALM LLC: To Seek Plan Confirmation on Nov. 3
--------------------------------------------
Judge Mildred Caban Flores has entered an order conditionally
approving the Disclosure Statement explaining the Plan of ALM LLC.

The hearing for the consideration of the final approval of the
Disclosure Statement and the confirmation of the Amended Plan and
of such objections as may be made to either will be held on Nov. 3,
2021, at 9:00 a.m., via Microsoft Teams.

Any objection to the final approval of the Disclosure Statement
and/or the confirmation of the Amended Plan shall be filed on/or
before 14 days prior to the date of the hearing on confirmation of
the Amended Plan.

Acceptances or rejections of the Amended Plan may be filed in
writing by the holders of all claims on/or before 14 days prior to
the date of the confirmation hearing.

                         About ALM LLC

ALM, LLC, also known as Agua La Montana, is the owner of a fee
simple title to a property in Trujillo Alto, P.R., having a current
value of $860,943.

ALM filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 20-04571) on Nov. 25, 2020,
listing total assets of $1,083,384 and total liabilities of
$2,919,967.  ALM President Kristian E. Riefkohl Bravo signed the
petition.  

Judge Mildred Caban Flores oversees the case.  

Gandia Fabian Law Office and Jimenez Vazquez & Associates, PSC,
serve as the Debtor's legal counsel and accountant, respectively.


ALPHA LATAM: Cerberus South Named Stalking Horse Bidder of Assets
-----------------------------------------------------------------
Judge J. Kate Stickles of the U.S. Bankruptcy Court for the
Southern District of New York authorized:

      (i) Alpha Latam Management, LLC and affiliates to designate
Cerberus South American Investments, LLC (or such affiliates as it
may designate in writing), on behalf of certain funds and accounts
managed by its affiliates and their direct and indirect
subsidiaries, as the stalking horse bidder for certain Assets that
constitute the Stalking Horse Package; and

     (ii) Alpha Capital S.A.S. and Vive Créditos Kusida S.A.S.
("Sellers") to enter into and perform certain obligations under an
asset purchase agreement, whereby the Buyer has agreed to purchase
certain specified loans in the Sellers' loan portfolio and certain
contracts related to the operation of such portfolio ("Stalking
Horse Package"), subject to the solicitation of higher or otherwise
better offers.

The aggregate consideration for the sale and transfer of the
Purchased Assets from the Sellers to the Buyer will be as follows:
an amount in cash calculated in accordance with Section 3.1(a)(i)
of the Disclosure Schedule; plus any Cure Costs related to Assumed
Contracts pursuant to section 365 of the Bankruptcy Code and
Section 2.5 ((i).

On the Closing Date, the Buyer will pay or cause to be paid to any
Seller or its designee(s) an amount or amounts in cash equal, in
the aggregate, to the Purchase Price, less (i) the Deposit, which
will be released to Sellers pursuant to Section 3.3 on the Closing
Date, less (ii) the Net Cash Flows, which are to be credited toward
the Purchase Price pursuant to Section 7.6, less (iii) the Taxes to
be deducted from the Purchase Price pursuant to Section 7.13, plus
(iv) solely to the extent that Buyer withholds any amounts pursuant
to Section 3.5 which would otherwise be payable to any of the
Sellers under the Agreement as a result of the Buyer's assignment
of the rights and obligations thereunder pursuant to Section
10.4(a), an amount such that, after such withholding, the Sellers
receive a net amount equal to the amount they would have received
if such withholding had been imposed on the amounts otherwise
payable to the Sellers under the Agreement at 50% of the rate
actually imposed; provided that, following the Closing, the Sellers
will use commercially reasonable efforts to obtain any reduction,
refund or rebate of any such withholding from the relevant taxing
authority and will pay to the Buyer 50% of any such amounts
refunded or rebated, net of reasonable costs and expenses incurred
by the Sellers with respect thereto.  

The Stalking Horse Bidder will be deemed a Qualified Bidder, and
the Stalking Horse Bid will be deemed a Qualified Bid, for all
purposes under the Bidding Procedures.

The Bid Protections, as set forth in the Stalking Horse APA, are
approved in their entirety, and are payable in accordance with the
Stalking Horse APA.  The Sellers are authorized to pay the Stalking
Horse Bidder, without further authority or order from the Court,
(a) a break-up fee equal to $3 million and (b) the reasonable and
documented out-of-pocket expenses of Buyer incurred in connection
with the Stalking Horse Bid and Proposed Transaction up to an
amount equal to $1 million, as and when specified by the Stalking
Horse APA and subject to paragraph D of the Order; provided that
the Bid Protections will not be greater than 5% of the Estimated
Purchase Price as of Oct. 28, 2021 (or if the Auction is held on a
later date, such later date) based on the pricing terms in the
Stalking Horse APA and the most recent Loan Tape as of such date.

Notwithstanding anything to the contrary in the Bid Procedures
Order and/or the Bidding Procedures to the contrary:

     (a) The IOI Deadline was extended to Oct. 8, 2021, at 4:00
p.m. (ET).   

     (b) The Revised Sale Notice is approved.

     (c) The Debtors were to file and serve the Revised Sale
Notice, in English and Spanish, upon the Notice Parties and all
other known creditors of the Debtors on Oct. 4, 2021, in lieu of
filing and serving the Sale Notice on Sept. 24, 2021.  

     (d) The Debtors will publish a notice substantially similar in
all respects to the Revised Sale Notice on the case website
(https://cases.primeclerk.com/alphalatam), with its espective
translation or any modification necessary for ease of publication,
once in The New York Times (National Edition) in the U.S. and once
in El Tiempo (National Edition) in Colombia.  Such publication
notice will be deemed sufficient and proper notice of the Sale and
the Stalking Horse APA to any other interested parties whose
identities are unknown to the Debtors.

Notwithstanding the possible applicability of Bankruptcy Rules
6004(h), 6006(d), 7062, 9014 or any applicable provisions of the
Bankruptcy Rules or the Local Rules or otherwise stating the
contrary, the terms and conditions of the Order will be immediately
effective and enforceable upon its entry, and any applicable stay
of the effectiveness and enforceability of the Order is waived.

                    About LATAM Airlines Group

LATAM Airlines Group S.A. -- http://www.latam.com/-- is a
pan-Latin American airline holding company involved in the
transportation of passengers and cargo and operates as one unified
business enterprise. It is the largest passenger airline in South
America.

Before the onset of the COVID-19 pandemic, LATAM offered passenger
transport services to 145 different destinations in 26 countries,
including domestic flights in Argentina, Brazil, Chile, Colombia,
Ecuador and Peru, and international services within Latin America
as well as to Europe, the United States, the Caribbean, Oceania,
Asia and Africa.

LATAM and its 28 affiliates sought Chapter 11 protection (Bankr.
S.D.N.Y. Lead Case No. 20-11254) on May 25, 2020. Affiliates in
Chile, Peru, Colombia, Ecuador and the United States are part of
the Chapter 11 filing.

The Debtors disclosed $21,087,806,000 in total assets and
$17,958,629,000 in total liabilities as of Dec. 31, 2019.

The Hon. James L. Garrity, Jr., is the case judge.

The Debtors tapped Cleary Gottlieb Steen & Hamilton LLP as
bankruptcy counsel, FTI Consulting as restructuring advisor, Lee
Brock Camargo Advogados as local Brazilian litigation counsel, and
Togut, Segal & Segal LLP and Claro & Cia in Chile as special
counsel. The Boston Consulting Group, Inc. and The Boston
Consulting Group UK LLP serve as the Debtors' strategic advisors.
Prime Clerk LLC is the claims agent.

The official committee of unsecured creditors formed in the case
tapped Dechert LLP as its bankruptcy counsel, Klestadt
WintersJureller Southard & Stevens, LLP as conflicts counsel, UBS
Securities LLC as investment banker, and Conway MacKenzie, LLC as
financial advisor.  Ferro Castro Neves Daltro & Gomide Advogados,
is the committee's Brazilian counsel.

The Ad Hoc Group of LATAM Bondholders tapped White & Case LLP as
counsel.

Glenn Agre Bergman & Fuentes, LLP, led by managing partner Andrew
Glenn and partner Shai Schmidt, has been retained as counsel to
the
Ad Hoc Committee of Shareholders.



ALUMINUM SHAPES: Auction of Substantially All Assets on Oct. 25
---------------------------------------------------------------
Judge Jerrold N. Poslusny of the U.S. Bankruptcy Court for the
District of New Jersey authorized Aluminum Shapes, L.L.C.'s bidding
procedures in connection with the auction sale of substantially all
assets.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Oct. 22, 2021, at 4:00 p.m. (ET)

     b. Initial Bid: The Overbid will be no less than the value of
the Bid Protections, if any, plus a value equal to $100,000.

     c. Deposit: 7.5% of the Purchase Price

     d. Auction: Oct. 25, 2021, at 10:00 a.m. (ET), is the date and
time of the Auction, which will be held at the offices of proposed
counsel to the Debtor, Obermayer Rebmann  Maxwell & Hippel LLP,
1500 Market Street, Suite 3400 Philadelphia, PA, 19102 or such
other place and time as the Debtor will notify all Qualified
Bidders that have submitted Qualified Bids, the Debtor's
post-petition lender and its counsel, and the Official Committee of
Unsecured Creditors appointed in the Debtor's chapter 11 case and
its counsel.

     e. Bid Increments: $100,000

     f. Sale Hearing: Oct. 28, 2021, at 1:00 p.m. (ET)

     g. Sale Objection Deadline: Oct. 27, 2021, at 12:00 p.m. (ET)

     h. Closing: Nov. 1, 2021

The Break-Up Fee requested in the Motion is denied without
prejudice.  However, within two days of any designation of a
Stalking Horse Bidder, the Debtor may seek to have a break-up fee
for such Stalking Horse Bidder approved by the Court. Any break-up
fee that is approved by the Court may be paid at Closing and be
deemed an administrative expense claim. In addition, the Debtor
may, but is not obligated to, reimburse the reasonable and
documented out-of-pocket fees and expenses of the Stalking Horse
Bidder, if one is selected, up to $75,000, which expenses must be
filed with the Court for review and subject to Court approval. The
aggregate amount that may be paid to any or all Stalking Horse
Bidders on account of the Bid Protections, if approved by the
Court, will not exceed 3% of the proposed Purchase Price.       

The Sale Notice is approved. Within three business days following
the entry of the Order, or as soon as reasonably practicable
thereafter, the Debtor will cause the Sale Notice to be served on
the Sale Notice Parties.

The procedures set forth regarding the assumption and assignment of
the executory contracts and unexpired leases proposed to be assumed
by the Debtor pursuant to section 365(b) of the Bankruptcy Code and
assigned to the Successful Bidder pursuant to section 365(f) of the
Bankruptcy Code in connection with the Sale are approved to the
extent set forth.

No less than 28 days prior to the Sale Objection Deadline, the
Debtor will serve the Contract Assumption Notice on all
counterparties to all potential Assigned Contracts and provide a
copy of the same to the Consultation Parties.

The payment of the applicable Cure Payments by the Successful
Bidder, as applicable, the provision of adequate assurance by the
Successful Bidder, as applicable, that they will promptly cure any
non-monetary defaults existing prior to the Closing under the
Assigned Contracts, and the provision of adequate assurance of
future performance by the Successful Bidder under the Assigned
Contracts will (i) effect a cure of all defaults existing
thereunder, and (ii) compensate for any actual pecuniary loss to
such counterparty resulting from such default. The Cure Objection
Deadline is 14 days after service of the Contract Assumption
Notice, or such deadline set forth in the Supplemental Assumption
Notice.

Notwithstanding Bankruptcy Rule 6004(h), the terms and conditions
of the Order are immediately effective and enforceable upon its
entry.

A copy of the Bidding Procedures is available at
https://tinyurl.com/phhr5zrc from PacerMonitor.com free of charge.

                      About Aluminum Shapes

Aluminum Shapes, L.L.C., is presently engaged in the business of
fabrication and processing of aluminum by extrusion and is the
owner of certain commercial/industrial real estate located at 9000
River Road, Delair, New Jersey.

Jacky Cheung, an Australian national and resident of Vietnam, owns
100% of the membership interests and is the sole member of the
Company.

Aluminum Shapes filed a Chapter 11 bankruptcy petition (Bankr.
D.N.J. Case No. 21-16520) on August 15, 2021, with a deal to sell
the business to Reich Brothers, LLC.

The Debtor estimated $10 million to $50 million in assets and
liabilities as of the bankruptcy filing.

Obermayer Rebmann Maxwell & Hippel LLP, led by Edmond M. George,
is
the Debtor's bankruptcy counsel.  Riveron Consulting's Winter
Harbor, LLC, is the interim management provider.  Cowen and
Company, LLC, is the investment banker.  Berwyn Capital Interests
is the restructuring agent.



ANTERO MIDSTREAM: Moody's Ups CFR to Ba2 & Unsecured Notes to Ba3
-----------------------------------------------------------------
Moody's Investors Service upgraded Antero Midstream Partners LP's
(AM) Corporate Family Rating to Ba2 from Ba3, Probability of
Default Rating to Ba2-PD from Ba3-PD, and senior unsecured notes to
Ba3 from B1. The Speculative Grade Liquidity rating was unchanged
at SGL-3. The rating outlook remains stable.

"The upgrade is consistent with the concurrent upgrade of Antero
Resources Corporation, which is the primary E&P counterparty of
Antero Midstream," said Sajjad Alam, Moody's Senior Analyst. "The
significant deleveraging of Antero Resources and improved commodity
prices should provide greater stability around Antero Midstream's
future cash flow."

Upgrades:

Issuer: Antero Midstream Partners LP

Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD

Corporate Family Rating, Upgraded to Ba2 from Ba3

Senior Unsecured Notes, Upgraded to Ba3 (LGD4) from B1 (LGD5)

Outlook Actions:

Issuer: Antero Midstream Partners LP

Outlook, Remains Stable

RATINGS RATIONALE

Antero Midstream's Ba2 CFR reflects its heavy reliance on Antero
Resources, concentrated geographic focus in the Appalachian Basin,
and indirect exposure to highly volatile natural gas and natural
gas liquids (NGLs) prices. AM's counterparty risk has been greatly
reduced in 2021 given its primary counterparty has repaid a large
amount of debt, lowered operating and development costs, eliminated
prior refinancing risks and is looking to deliver significant free
cash flow going forward. AM's CFR is supported by its substantial
scale, moderate financial leverage, adequate distribution coverage
and predominantly fee-based revenue stream from Antero Resources.
Any material changes to Antero Resources' credit profile will
likely have a direct impact on Antero Midstream's ratings. The
company will continue to distribute most of its operating cash flow
to shareholders leaving only a limited amount of free cash flow for
potential growth spending.

Antero Midstream's unsecured notes are rated Ba3, one notch below
the Ba2 CFR given the significant size of the company's secured
credit facility in the capital structure that has a priority claim
to AM's assets.

The SGL-3 rating reflects Moody's view that AM will maintain
adequate liquidity through 2022. AM had roughly $1.6 billion of
availability under its $2.13 billion revolving credit facility as
of June 30, 2021 and Moody's don't expect any meaningful increase
in revolver borrowings through 2022. The revolver expires on
October 26, 2022, and Moody's expects AM to extend the maturity in
2021. The partnership has limited alternate liquidity given its
assets are encumbered.

Antero Midstream's stable rating outlook is consistent with the
rating outlook of Antero Resources.

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

An upgrade of AM's ratings would depend on Antero Resources
Corporation ratings being upgraded. Moody's would also expect
debt/EBITDA to decline and be sustained below 3x and distribution
coverage to be sustained above 1.1x. The CFR could be downgraded if
Antero Resources' CFR is downgraded, or if AM's leverage metric
rises above 4x.

Antero Midstream Partners LP is a wholly owned subsidiary of Antero
Midstream Corporation, a midstream energy company based in Denver,
Colorado. Antero Midstream Corporation owns and operates an
integrated system of natural gas gathering pipelines, compression
stations, processing and fractionation plants, and water handling
and treatment assets in northwest West Virginia and southern Ohio.

The principal methodology used in these ratings was Midstream
Energy published in December 2018.



ANTERO RESOURCES: Moody's Ups CFR to Ba2 & Unsecured Notes to Ba3
-----------------------------------------------------------------
Moody's Investors Service upgraded Antero Resources Corporation's
Corporate Family Rating to Ba2 from Ba3, Probability of Default
Rating to Ba2-PD from Ba3-PD, and senior unsecured notes to Ba3
from B1. The SGL-2 Speculative Grade Liquidity Rating was
unchanged. The rating outlook remains stable.

"The upgrade reflects Antero's material debt reduction in 2020-21,
and our expectation that the company will deliver additional debt
reduction in 2022 that should make its credit profile more
resilient to low prices," said Sajjad Alam, Moody's Vice President.
"High projected natural and NGLs prices combined with the company's
commitment to spend only maintenance level of capex should
facilitate significant free cash flow generation and debt reduction
through 2022."

Upgrades:

Issuer: Antero Resources Corporation

Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD

Corporate Family Rating, Upgraded to Ba2 from Ba3

Senior Unsecured Notes, Upgraded to Ba3 (LGD4) from B1 (LGD5)

Outlook Actions:

Issuer: Antero Resources Corporation

Outlook, Remains Stable

RATINGS RATIONALE

Antero's Ba2 CFR reflects its much improved financial leverage and
maturity profile following roughly $1.7 billion of debt reduction
in 2020-21 and sharp increases in global natural gas and NGLs
prices; reduced capital spending plans geared to support more
sustainable free cash flow generation; and declining firm-transport
volume commitment costs that should boost future margins. The
rating also considers Antero's large natural gas production and
reserves in Appalachia, high exposure to NGLs (-30% of total
production), reduced operating and development costs, and 29.2%
ownership of Antero Midstream Corporation, which had a market
capitalization of $5.1 billion at the end of September 2021.
Antero's ratings are restrained by its singular geographic
concentration in Appalachia, significant undeveloped reserves,
shale focused operations that require high level of reinvestments,
exposure to volatile energy prices, as well as its prior history of
aggressive financial policies. While Antero's diversified
firm-transportation (FT) pipeline contracts have historically
helped realize higher prices, the company pays high tariff rates
and has higher overall midstream costs than its Appalachian peers.

Antero should have good liquidity through 2022, which is reflected
in the SGL-2 rating. Moody's expects significant free cash flow
generation in coming quarters enabling Antero to reduce at least
$400 million of debt through 2022. Antero does not have any debt
maturities until 2025. Antero had $1.9 billion in available
borrowing capacity as of June 30, 2021 after accounting for $742
million of LC outstanding. The borrowing base under the credit
facility was $2.85 billion and lender commitments were $2.64
billion at June 30. Moody's expects Antero to extend the revolver
maturity in 2021 to enhance financial flexibility and reduce
refinancing risk. The revolver will mature the earlier of: (i)
October 26, 2022, and (ii) the date that is 91 days to the earliest
stated redemption of any series of Antero's senior notes, unless
such series of notes is refinanced.

Antero's senior unsecured notes are rated Ba3 and notched below the
Ba2 CFR because of the significant size of the secured credit
facility, which has a first-lien priority claim to substantially
all of Antero's assets. The unsecured notes have upstream
guarantees from substantially all of Antero's E&P subsidiaries that
also guarantee the secured revolving credit facility.

Antero's stable rating outlook reflects Moody's expectation of
continued deleveraging and significant free cash flow generation
through 2022.

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

An upgrade to Ba1 would be contingent on Antero's ability to
substantially reduce debt, produce free cash flow on a consistent
basis, and maintain high capital efficiency. More specifically, an
upgrade could be considered if the company can sustain the
leveraged full-cycle ratio (LFCR) above 2x and maintain a retained
cash flow to debt ratio above 40% on a consolidated basis. Antero's
ratings could be downgraded if retained cash flow to debt declines
below 25%, the LFCR falls below 1.25x, or the company generates
substantial negative free cash flow.

Antero Resources Corporation is a leading natural gas and natural
gas liquids producer in the Marcellus and Utica Shales in West
Virginia, Ohio and Pennsylvania.

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



AR TEXTILES: Plan & Disclosures Deadline Extended to Oct. 27
------------------------------------------------------------
Judge David M. Warren has entered an order granting an extension
of, up to and including Oct. 27, 2021, of the deadline to file its
plan of reorganization and disclosure statement for AR Textiles,
Ltd.

                       About AR Textiles

Robersonville, N.C.-based AR Textiles Ltd. filed a Chapter 11
petition (Bankr. E.D.N.C. Case No. 21-01441) on June 28, 2021.  In
the petition signed by Pasqual Alles, vice president, the Debtor
disclosed $5,744,986 in assets and $22,227,509 in liabilities.
Judge David M. Warren oversees the case.  Joseph Z. Frost, Esq., at
Buckmiller, Boyette & Frost, PLLC is the Debtor's legal counsel.


ASHA PROPERTY: Gets Cash Collateral Access
------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Corpus Christi Division, has authorized Asha Property LLC and Madu
Inc. to use cash collateral on an interim basis and provide related
relief.

The Debtors stipulate that Navy Army holds valid and perfected
liens in the Debtors' Austin Street Property located in Rockport,
Texas, and that Navy Army holds a valid and perfected lien in the
rents generated from the Austin Street Property. In addition to the
foregoing collateral, Navy Army holds a valid and perfected lien in
the Debtors' 208 Circle Drive Property located in Corpus Christi,
Texas. Navy Army also holds a valid and perfected lien in the rents
generated from the 208 Circle Property, although the property at
this time is not rented.

The property serves as security for promissory notes executed by
Grizzly Recovery, LLC, Grizzly Ventures, LLC, and Lalitha M.
Janaki, as makers, payable to Navy Army in the original principal
amount of $1,687,600. The liens created by the Deeds of Trust in
the Austin Street Property are limited to the amount of $1,020,750
with respect to the Rockport Property, and the amount of $95,352
with respect to the 208 Circle Property.

The Debtors are permitted to use the cash collateral in accordance
with weeks 1 through 5 of the proposed 35-day budget, specifically
for paying the amounts owed for water and electricity and to
establish a reserve for the payment of property taxes for the
Austin Street Property.

As adequate protection, Navy Army is granted a Replacement Lien
pursuant to 11 U.S.C. section 361(2), to the extent that Cash
Collateral is used, in all cash the Debtors acquire or generate
after the Petition Date, but solely to the same extent and priority
as existed pre-petition.

A final hearing on the matter is scheduled for October 19, 2021 at
3:30 p.m.

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

                         About Asha Property, LLC

Asha Property is primarily engaged in renting and leasing real
estate properties. The Debtor sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 21-21225) on
September 6, 2021. In the petition signed by Sathesh Janaki,
manager, the Debtor disclosed up to $10 million in both assets and
liabilities.

Judge David R. Jones oversees the case.

Todd Headden, Esq., at Hayward PLLC is the Debtor's counsel.

Navy Army Community Credit Union, as lender, is represented by:

     Ronald A. Simank, Esq.
     Schauer & Simank, PC
     615 North Upper Broadway, Suite 700
     Corpus Christi TX 78401-0781
     Tel: 361-884-2800
     Fax: 361-884-2822
     E-mail: rsimank@cctxlaw.com



ATHABASCA OIL: S&P Rates Senior Secured Second-Lien Debt 'B+'
-------------------------------------------------------------
S&P Global Ratings placed all its ratings on Athabasca Oil Corp.
(AOC) on CreditWatch with developing implications, indicating that
there is an equal likelihood of the rating being either raised or
lowered. S&P expected to resolve the CreditWatch placement when the
new bond offering is completed.

S&P said, "As we expect to raise the issuer credit rating to 'B-'
on completion of the new debt offering, we have assigned a 'B+'
issue-level rating and '1' recovery rating to the proposed US$350
million five-year senior secured second-lien debt.  The '1'
recovery rating indicates our expectation of very high recovery,
with a capped estimated recovery of 95%.

"AOC's February 2022 US$450 million debt maturity is the most
significant funding obligation in our current 12-month liquidity
profile assessment for the company. Our estimate of AOC's financial
resources is well below the company's upcoming operating and
financial funding needs, resulting in a funding gap that continues
to handicap AOC's credit profile and our rating. Without the
company's refinancing of this upcoming maturity, we project a
significant deficit in AOC's total sources of liquidity relative to
its required spending, with the estimated ratio of liquidity
sources relative to uses just below 0.8x. Although our updated
revenue and cash flow forecast has increased, due to the
substantial Western Canadian Select (WCS) hedges in place through
year-end 2022, our projected total liquidity sources remain
insufficient to fully fund all required spending, including the
repayment of the US$450 million debt. The successful completion of
the proposed debt issue would improve our pro forma liquidity
sources relative to total expected spending to about 1.4x. As a
result, our assessment of AOC's liquidity profile will not
strengthen unless the company is able to address this near-term
debt maturity. By AOC's extending its debt maturity beyond our
current liquidity assessment time frame, we would revise our
liquidity profile assessment to adequate from less than adequate.

"The company's updated hedge position has locked in a WCS price
that increases our projected thermal oil revenues by about 12.5% in
2022. Given AOC's limited scale, with thermal oil accounting for
about 70%-75% of the company's daily average production,
advantageous hedges can have an amplified effect on revenues and
cash flow. In addition, our forecast fully adjusted debt and funds
from operations (FFO) would benefit from the projected decrease in
long-term debt (pro forma the completion of the US$350 million debt
issue). In combination, these factors would move our projected
2021-2022 average FFO-to-debt ratio from the bottom half of the
20%-30% range (under our previous base-case scenario) to the upper
end of the 30%-45% range.

"We expect to resolve the CreditWatch placement immediately
following the successful completion of the proposed US$350 million
second-lien debt offering. The CreditWatch development placement
indicates there is an equal likelihood we could either raise or
lower the rating.

"If AOC successfully completes its proposed debt issuance, we would
raise the issuer credit rating to 'B-' with a stable outlook. An
improved liquidity profile, our assessment of AOC's current
business risk profile, and its strengthened projected fully
adjusted FFO-to-debt ratios for 2021 and 2022 would support a 'B-'
rating.

"Alternatively, if AOC is unable to complete the proposed new debt
issue, S&P Global Ratings believes there will be an increased risk
of a distressed exchange or payment default because the company
will not have sufficient funds to repay the US$450 million
maturity. If AOC does not complete the second-lien debt issuance,
we would lower the rating to 'CCC-'. Furthermore, if the company
initiates an exchange offer we would characterize as distressed, we
would lower the issuer credit rating to 'CC' upon announcement of
the exchange offer."


AVERY COMMERCIAL: Says Negotiations w/ Great Western Still Ongoing
------------------------------------------------------------------
Avery Commercial Small C, LLC, submitted a First Amended Disclosure
Statement in support of its proposed Plan of Reorganization dated
October 5, 2021.

The Debtor is a Texas limited liability company having a principal
place of business in Laredo, Texas.  The sole member of the LLC is
Avery Holdings, LTD. The managers of the Debtor are Michael A.
Hochman, its sole manager. The chief operating officer of the
Debtor is Brian T. Moreno.

Class 3 consists of the Secured Claim of Great Western Bank. Great
Western and the debtor are in the process of attempting to
negotiate a settlement of the claims and counterclaims asserted in
the lawsuit. These include the reduction of the balloon period from
the five years previously proposed to four years, and the increase
in the interest rate from the 3.25% previously proposed to 4.5% are
part of that negotiation. Issues that remain to be resolved between
the parties before a settlement can be entered are:

     * The interest rate to be charged on the Debtor's
pre-confirmation indebtedness. Debtor proposes to have this
interest accrue at the pre-default contract rate, not the default
rate provided in the note;

     * The amount of the attorney's fees to be paid to Great
Western (if any). Debtor would agree to a reasonable amount to be
determined by the court; and,

     * The written terms of the debt instrument to memorialize the
Debtor's obligation to pay per its confirmed plan. The Debtor would
have the repayment terms be a part of the Debtor's plan with all
obligations and default provisions clearly stated in the plan in a
clear and understandable language.

Treatment: Debtor will pay Great Western the amount of its Allowed
Secured Claim in monthly payments of principal and interest
beginning on the 15th day of the month following the confirmation
of the plan or the entry of a final non-appealable judgment
determining the Allowed Amount of the Class 3 Claim. The Allowed
Class 3 Claim will be paid at an annual interest rate of 4.5%
amortized over a period of 25 years with the outstanding and unpaid
balance being due and fully payable at the fourth anniversary of
the first payment date. Pending the incorporation of a settlement
agreement between the Debtor and Great Western, or the entry of the
final non-appealable judgment. The creditor shall retain its liens
until paid in full. The total of Class 3 Claims is undetermined and
subject to the Debtor's claim of set off in the adversary or a
resolution by agreement between the Debtor and this Creditor.

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

     * Debtor will pay the unsecured claims in Class 4 in full over
twelve months at no interest. The initial payment will be made on
the 30th day following the effective date. The Reorganized Debtor
will pay the claims in Class 4 from available cash on hand.

     * Prepetition Equity Interests in the Debtor will be deemed
Allowed Equity Interests. On the effective date, the Equity
Interests in the Debtor shall automatically convert to Equity
Interests in the Reorganized Debtor.

A full-text copy of the First Amended Disclosure Statement dated
October 5, 2021, is available at https://bit.ly/3Bpvs0Z from
PacerMonitor.com at no charge.

Proposed counsel for the Debtor:

    Carl Michael Barto
     817 Guadalupe
     Laredo, Texas 78040
     State Bar No. 01852100
     S.D. Tex No. 6830
     Tel: (956) 725-7500
     Fax: (956) 722-6739
     E-mail: cmblaw@netscorp.net

                      About Avery Commercial

Avery Commercial Small C, LLC, sought protection under Chapter 11
of the Bankruptcy Code on Feb. 22, 2021 (Bankr. S.D. Tex. Case No.
21-50020).  Brian T. Moreno, the Debtor's vice president and chief
operating officer, signed the petition.  In the petition, the
Debtor disclosed total assets of $4,985,519 and total liabilities
of $3,398,302.

The Debtor is represented by Carl M. Barto, Esq., at the Law
Offices of Carl M. Barto.

Great Western Bank, a secured creditor, is represented by:

     Diann M. Bartek, Esq.
     Jeana Long, Esq.
     Dykema Gossett PLLC
     1400 N. McColl Road, Suite 204
     McAllen, TX 78501
     Telephone: (956) 984-7400
     Facsimile: (956) 984-7499
     Email: dbartek@dykema.com
            jlong@dykema.com

Wells Fargo Bank, also as a secured creditor, is represented by:
     
     Robert L. Barrows, Esq.
     Warren, Drugan & Barrows, P.C.
     800 Broadway, Suite 200
     San Antonio, TX 78215
     Telephone: (210) 226-4131
     Facsimile: (210) 224-6488
     Email: rbarrows@wdblaw.com


AVIS BUDGET: Egan-Jones Hikes Senior Unsecured Ratings to CCC
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Avis Budget Group, Inc. to CCC from CCC-.

Headquartered in Parsippany-Troy Hills, New Jersey, Avis Budget
Group, Inc. operates as a vehicle rental and mobility solution
service.



BAIRN LLC: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Bairn, LLC
        320 Brown Street, #409
        West Lafayette, IN 47906

Business Description: Bairn, LLC is the fee simple owner of 69
                      real properties located in Lafayette,
                      Indiana having an aggregate current value
                      of $6.06 million.

Chapter 11 Petition Date: October 8, 2021

Court: United States Bankruptcy Court
       Northern District of Indiana

Case No.: 21-40250

Debtor's Counsel: Sarah L. Fowler, Esq.
                  OVERTURF FOWLER LLP
                  9102 N. Meridian Street, Suite 555
                  Indianapolis, IN 46260
                  Tel: 317-559-3647
                  Fax: 317-854-9216
                  Email: sfowler@ofattorneys.com

Total Assets: $6,479,598

Total Liabilities: $2,626,905

The petition was signed by Deborah Lane as 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/7EHNZPQ/Bairn_LLC__innbke-21-40250__0001.0.pdf?mcid=tGE4TAMA


BALL CORP: Egan-Jones Keeps BB Senior Unsecured Ratings
-------------------------------------------------------
Egan-Jones Ratings Company, on September 17, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Ball Corporation.

Headquartered in Broomfield, Colorado, Ball Corporation provides
metal packaging for beverages, foods, and household products.



BELDEN INC: Egan-Jones Keeps BB- Senior Unsecured Ratings
---------------------------------------------------------
Egan-Jones Ratings Company, on September 176, 2021, maintained its
'BB-' foreign currency and local currency senior unsecured ratings
on debt issued by Belden Inc.

Headquartered in St. Louis, Missouri, Belden Inc. designs,
manufactures, and markets cable, connectivity, and networking
products.



BLUCORA INC: Egan-Jones Keeps B Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on September 10, 2021, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by Blucora, Inc.

Headquartered in Irving, Texas, Blucora, Inc. is a provider of a
wide range of technology-enabled financial services to consumers,
small businesses and tax professionals through its subsidiaries.



BOY SCOUTS OF AMERICA: Court Approves Disclosure Statement
----------------------------------------------------------
Judge Laurie Selber Silverstein entered an order approving the
Disclosure Statement of Boy Scouts of America and Delaware BSA,
LLC.

All objections to the Disclosure Statement that have not been
withdrawn or resolved previously or at the hearing to consider
approval of the Disclosure Statement are overruled.

The following dates and deadlines in connection with the
Solicitation Procedures and Confirmation Hearing are approved:

  -- Solicitation date: Oct. 15, 2021
  -- Rule 3018(a) motion deadline: Nov. 1, 2021
  -- Publication deadline: Nov. 24, 2021
  -- Plan supplement deadline: Nov. 30, 2021
  -- Coting resolution event deadline: Dec. 14, 2021 or as
otherwise ordered by the Court.
  -- Voting deadline: Dec. 14, 2021 at 4:00 p.m. (Eastern Time).
  -- Preliminary voting report deadline: Dec. 21, 2021.
  -- Final voting report deadline: Jan. 4, 2022.
  -- Plan objection deadline: Jan. 7, 2022 at 4:00 p.m. (Eastern
Time)
  -- Confirmation brief/Plan reply deadline: Jan. 17, 2022.
  -- Confirmation Hearing: Jan. 24, 2022 at 10:00 a.m. (Eastern
Time).

Pursuant to the Plan, the holders of Claims in Class 3A (2010
Credit Facility Claims), Class 3B (2019 RCF Claims), Class 4A (2010
Bond Claims), Class 4B (2012 Bond Claims), Class 5 (Convenience
Claims), Class 6 (General Unsecured Claims), Class 7 (Non- Abuse
Litigation Claims), Class 8 (Direct Abuse Claims), and Class 9
(Indirect Abuse Claims) are impaired and entitled to receive
distributions under the Plan. Accordingly, holders of Claims in
such classes are entitled to vote on account of such Claims.

Ballots need not be provided to holders of Claims or Interests in
the Non-Voting Classes (Classes 1, 2 and 10). Classes 1 and 2 are
Unimpaired and are conclusively presumed to have accepted the Plan
in accordance with section 1126(f) of the Bankruptcy Code. Class 10
is Impaired and is not receiving any distribution under the Plan,
and is therefore deemed to reject the Plan in accordance with
section 1126(g) of the Bankruptcy Code.

For solicitation and tabulation purposes, one Ballot will be
provided to each holder of a General Unsecured Claim and, for
applicable holders of Class 6 Claims, such Ballot shall include the
option to make an irrevocable election to join Class 5 (Convenience
Claims) and be treated as a holder of a Class 5 Claim. If a holder
of a Class 6 Claim with a Claim of $50,000 or less is deemed to
join Class 5 (Convenience Claims) or an eligible holder of a Class
6 Claim that is greater than $50,000 makes the voluntary election
to join Class 5 (Convenience Claims), then its Claim shall, upon
its allowance for voting purposes only, be counted only in such
Class and shall not be tabulated as a Claim in Class 6 (General
Unsecured Claims)

The Debtors shall not provide the holders of Class 10 Delaware BSA
Interests with a Solicitation Package or any other type of notice
in connection with solicitation of the Plan.

All Direct and Indirect Abuse Claims in Classes 8 and 9 of the Plan
shall be temporarily allowed in the amount of $1.00 in the
aggregate per claimant solely for purposes of voting to accept or
reject the Plan and not for any other purpose, or as otherwise
ordered by the Bankruptcy Court.

After entry of the Solicitation Procedures Order, the Solicitation
Agent shall email each Firm that is listed on Direct Abuse Claims
in Class 8 to confirm whether any updates are needed to the Abuse
Survivor Plan Solicitation Directive previously submitted by each
Firm. A Firm must respond in writing to the Solicitation Agent
within five (5) days of receipt of the email in order to change its
preference pursuant to (a) or (b) below. If the Solicitation Agent
does not receive a response from a Firm within this time period,
the Solicitation Agent shall honor the solicitation method that
Firm previously indicated on the Abuse Survivor Plan Solicitation
Directive.

                  About Boy Scouts of America

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

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

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

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

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


BOY SCOUTS: Plan Confirmation Hearings to Begin Jan. 24
-------------------------------------------------------
Upon the motion of Boy Scouts of America ("BSA") and Delaware BSA,
LLC, the U.S. Bankruptcy Court for the District of Delaware on Oct.
8, 2021, entered an order scheduling certain dates and deadlines in
connection with confirmation of the Plan and all related
discovery:

   * The Insurers and the TCC objected, and continue to object, to
the Jan. 24, 2022 start date for the Confirmation Hearing and, by
definition, all interim dates proposed by the Debtors.
Nevertheless, the Insurers and the TCC met-and-conferred in good
faith with the Debtors and others and do not object to the form of
the proposed scheduling order based on the Court's having
previously ordered that the Confirmation Hearing will start on Jan.
24.  For the avoidance of doubt, all objections to the Debtors'
proposed interim dates are overruled.  Century's objections to the
confirmation schedule, its start date and the schedule within the
start date are overruled.

   * Any party in interest that intends to participate in the
Confirmation Proceedings (a "Proposed Participant") must first file
with the Court a notice indicating such intent at any time prior to
the close of the Confirmation Proceedings.

   * The following dates and deadlines shall govern discovery in
connection with confirmation (such dates and deadlines, the
"Confirmation Schedule"):

     -- Deadline to Serve Written Discovery: Oct. 8, 2021
     -- Deadline to Serve Responses & Objections to Written
Discovery: Oct. 18, 2021
     -- Document Production Substantially Complete: Nov. 5, 2021
     -- Deadline for parties to identify the topics on which they
intend to submit expert reports (other than rebuttal expert
reports): Nov. 15, 2021
     -- Deadline to Complete Depositions of Fact Witnesses: Dec. 1,
2021
     -- Expert Reports Due: Dec. 5, 2021
     -- Deadline for parties to identify expert witnesses who will
submit rebuttal expert reports: Dec. 17, 2021
     -- Preliminary Voting Report Deadline: Dec. 21, 2021
     -- Rebuttal Expert Reports Due: Dec. 24, 2021
     -- Final Voting Report Deadline: Jan. 4, 2022
     -- Plan Objection deadline: Jan. 7, 20226
     -- Deadline to Complete Depositions of Expert Witnesses: Jan.
9, 2022
     -- Deadline to Exchange Deposition Designations and File
Motions
in Limine: Jan. 13, 2022
     -- Confirmation Brief / Plan Reply Deadline Jan. 17, 2022
     -- Deadline to Exchange Deposition Counter-Designations: Jan.
18, 2022
     -- Deadline to Submit Joint Pretrial Order, Witness and
Exhibit Lists, Oppositions to Motions in Limine, and for Objections
to Deposition Counter-Designations: Jan. 20, 2022
     -- Final Pretrial Conference: Jan. 21, 2022 at 10:00 a.m.
(Eastern Time)
     -- Confirmation Hearing Jan. 24, 2022 at 10:00 a.m. (Eastern
Time)

As of Oct. 8, 2021, notices of intent to participate in the Plan
Confirmation Proceedings have been submitted by Crew Janci
Claimants, Hurley McKenna & Mertz Survivors, Kentucky Creditors,
and Lujan Claimants.

                  Solicitation Version of DS

Boy Scouts of America and Delaware BSA, LLC submitted an Amended
Disclosure Statement for the Modified Fifth Amended Chapter 11
Plan.

The Plan described in this Disclosure Statement is proposed by the
Debtors and supported by the Future Claimants' Representative, the
Creditors' Committee, the Coalition of Abused Scouts for Justice,
and The Ad Hoc Committee of Local Councils (collectively, the
"Supporting Parties").  The Plan further incorporates settlements
with JP Motgan & Chase Co., Hartford Accident and Indemnity
Company, and The Church of Jesus Christ of Latter-day Saints
("TCJC").

On Sept. 14, 2021, the Debtors filed the Sixth Mediators' Report,
which stated that the Debtors, Hartford, the Future Claimants'
Representative, the Coalition, and the Ad Hoc Committee had agreed
in principle on settlement terms that will result in an additional
$1.037 billion of cash contributions to the Settlement Trust, in
addition to the contributions of up to approximately $820 million
that will be made by the Debtors and the Local Councils.

The Plan provides the framework for global resolution of Abuse
Claims against the Debtors, Related Non-Debtor Entities, and Local
Councils, as well as any Participating Chartered Organizations and
Contributing Chartered Organizations and Settling Insurance
Companies that may make contributions to the Settlement Trust for
the benefit of survivors of Abuse (collectively, "Abuse
Survivors"). The Plan has been designed to maximize and expedite
recoveries to Abuse Survivors. The Debtors and the Supporting
Parties strongly encourage all holders of Claims in the Voting
Classes, including Direct Abuse Claims, to vote in favor of the
Plan.

Generally, the features of settlements as incorporated in the Plan
are as follows:

   * The BSA will contribute to the Settlement Trust, among other
things, (a) Net Unrestricted Cash and Investments; (b) the BSA's
right, title, and interest in and to (i) the Artwork, (ii) the Oil
and Gas Interests, and (iii) the Warehouse and Distribution Center
(the value of which is subject to the Leaseback Requirement); (c)
the net proceeds of the sale of Scouting University; (d) certain of
the Debtors' rights under applicable insurance; (e) the Settlement
Trust Causes of Action; (f) the assignment of any and all
Perpetrator Indemnification Claims held by the BSA; and (g) the BSA
Settlement Trust Note;

   * The BSA Settlement Trust Note to be issued on the Effective
Date to the Settlement Trust by the Reorganized BSA in the
principal amount of $80 million, which will bear interest from the
Effective Date at a rate of 5.5% per annum and be payable
semi-annually. Principal payments under the BSA Settlement Trust
Note shall be payable in annual installments due on February 15 of
each year during the term of the BSA Settlement Trust Note,
commencing on February 15 with certain minimum payment
requirements. The BSA Settlement Trust Note may be prepaid at any
time without penalty;

   * Local Councils are expected to make a substantial contribution
to the Settlement Trust to resolve the Abuse Claims that may be
asserted against them in exchange for being included as a Protected
Party under the Plan and receiving the benefits of the Channeling
Injunction, consisting of (a) $500 million, comprised of at least
$300 million in Cash with the balance in property, exclusive of
insurance rights, (b) the DST Note, a $100 million interest-bearing
variable-payment obligation note issued by a Delaware statutory
trust on or as soon as practicable after the Effective Date, and
(c) the Local Council Insurance Rights. A list of each Local
Council's total expected contribution, including a specific
break-down between the (i) cash contribution and (ii) property
contribution.

   * Each Local Council's commitment to make its respective
contribution to the Settlement Trust is dependent upon, among other
things, an acceptable resolution of insurance and indemnity issues
with respect to Chartered Organizations. Local Councils have
currently memorialized their intent to contribute to the Settlement
Trust on non-binding letters of intent, substantially conforming to
the form. According to the letters of intent, the commitment of
each Local Council to make its share of the $500 million
contribution is expressly contingent on a resolution related to
Chartered Organizations that is acceptable to such Local Council.
To date, no Local Council has publicly expressed satisfaction or
dissatisfaction with the treatment afforded to Chartered
Organizations. The Debtors and the Ad Hoc Committee believe that,
notwithstanding the contingencies currently reflected in Local
Council letters of intent, Local Councils will ultimately
contribute the aggregate amount required under the Plan; references
throughout this Disclosure Statement to the aggregate Local Council
contribution therefore assume that Local Councils will collectively
achieve the Local Council Settlement Contribution amount.

   * The assignment and transfer to the Settlement Trust of all of
the insurance rights of all of the BSA, Local Councils and
Contributing Chartered Organizations under insurance policies of
the Debtors, Local Councils and such Contributing Chartered
Organizations, thereby providing the potential for substantial
insurance recoveries to holders of Direct Abuse Claims;

   * TCJC will make a cash contribution of $250 million plus
certain insurance rights to the Settlement Trust for payment of
Abuse Claims related to TCJC that arose in connection with their
sponsorship of one or more Scouting units which shall be channeled
to the Settlement Trust; TCJC will be included as a Protected Party
under the Plan, and receive the benefits of the Channeling
Injunction. TCJC's contribution will go to pay Abuse Claimants with
a claim against TCJC, in addition to pro rata share of Settlement
Trust expenses, unless there are excess funds which will go to
other Abuse Claimants;

   * A mechanism by which other Chartered Organizations can become
Participating Chartered Organizations (unless they elect not to or
are chapter 11 debtors) through the assignment and transfer to the
Settlement Trust of all of the post-1975 insurance rights of such
Participating Chartered Organization in exchange for inclusion as a
Limited Protected Party under the Plan, thereby providing the
potential for substantial recoveries to holders of Abuse Claims.
The mechanism also includes a pathway for other Chartered
Organizations to make further substantial contributions to the
Settlement Trust to resolve Abuse Claims that may be asserted
against them related to Abuse that arose in connection with their
sponsorship of one or more Scouting units, including those that
arose prior to January 1, 1976, in exchange for being included as a
Protected Party under the Plan and receiving the benefits of the
Channeling Injunction, thereby becoming "Contributing Chartered
Organizations" under the Plan. The Debtors shall continue to work
in good faith with other parties involved in these Chapter 11 Cases
to increase participation by Chartered Organizations;

   * A proposed settlement by and among the BSA, JPM (the BSA's
senior Secured lender), and the Creditors' Committee, under which
JPM has agreed that, in full and final satisfaction of its Allowed
Claims and in exchange for the Creditors' Committee's agreement not
to pursue certain alleged estate causes of action, it shall enter
into the Restated Debt and Security Documents as of the Effective
Date. The Restated Debt and Security Documents will contain terms
that are substantially similar to the Prepetition Debt and Security
Documents except that, among certain other modifications, the
maturity dates under the Restated Debt and Security Documents shall
be the date that is ten (10) years after the Effective Date and
principal under the Restated Debt and Security Documents shall be
payable in installments beginning on the date that is two (2) years
after the Effective Date;

   * The proposed JPM / Creditors' Committee Settlement referenced
above provides for the BSA's assumption of its prepetition Pension
Plan and satisfaction of Allowed Convenience Claims, Allowed
General Unsecured Claims, and Allowed Non-Abuse Litigation Claims,
which are held by creditors who are core to the Debtors' charitable
mission or whose Allowed Claims were incurred in furtherance of the
Debtors' charitable mission;

   * The JPM / Creditors' Committee Settlement also contemplates a
term loan from the National Boy Scouts of America Foundation (as
defined in the Plan, the "Foundation"), in the principal amount of
$42.8 million, which will be used by Reorganized BSA for working
capital and general corporate purposes. This Foundation Loan will
permit the Debtors to contribute a substantial amount of
consideration in Cash to the Settlement Trust on the Effective
Date;

   * Hartford is expected to make a contribution of $787 million to
the Settlement Trust for the payment of Abuse Claims in exchange
for the sale of the Hartford Policies to Hartford free and clear of
the interests of all third parties, including any additional
insureds under the Hartford Policies, which interests will be
channeled to the Settlement Trust; Hartford will be included as a
Settling Insurance Company and Protected Party under the Plan, and
receive the benefits of the Channeling Injunction. Hartford's
contribution is subject to resolution of Chartered Organization
rights to Hartford policies in a manner that is acceptable to
Hartford. All references throughout this Disclosure Statement to
Hartford's contribution assume that Hartford is satisfied with the
Plan's treatment of Chartered Organizations as it impacts Hartford
Policies; and

   * A mechanism by which other Insurance Companies may enter into
Insurance Settlement Agreements and provide sum-certain
contributions to the Settlement Trust in exchange for being
included as a Protected Party under the Plan and receiving the
benefits of the Channeling Injunction, thereby becoming "Settling
Insurance Companies" under the Plan.

The total estimated BSA settlement trust non-insurance contribution
is $219 million. Assuming a December 31, 2021 Effective Date, the
amount of Net Unrestricted Cash and Investments is estimated to be
approximately $58.9 million and as a result the total BSA
Settlement Trust Contribution is valued at approximately $219
million. The BSA Settlement Trust Contribution value could be
higher or lower than $219 million depending on (a) timing of
emergence, (b) performance of BSA's underlying business between now
and emergence, (c) the level of professional fees incurred, and (d)
the realizable value of the non-cash components of the BSA
Settlement Trust Contribution.

Under the Plan, Class 6 General Unsecured Claims total $26.5
million to $33.5 million. Each holder of an Allowed General
Unsecured Claim shall receive, subject to the holder's ability to
elect Convenience Claim treatment on account of the Allowed General
Unsecured Claim, its Pro Rata Share of the Core Value Cash Pool up
to the full amount of such Allowed General Unsecured Claim in the
manner described in Article VII of the Plan. Creditors will recover
75% to 95% of their claims. Class 6 is impaired.

Attorneys for the Debtors:

       Jessica C. Lauria
       WHITE & CASE LLP
       1221 Avenue of the Americas
       New York, New York 10020
       Telephone: (212) 819-8200
       E-mail: jessica.lauria@whitecase.com

            – and –

       Michael C. Andolina
       Matthew E. Linder
       Laura E. Baccash
       Blair M. Warner
       WHITE & CASE LLP
       111 South Wacker Drive
       Chicago, Illinois 60606
       Telephone: (312) 881-5400
       E-mail: mandolina@whitecase.com
               mlinder@whitecase.com
               laura.baccash@whitecase.com
               blair.warner@whitecase.com

       Derek C. Abbott
       Andrew R. Remming
       Paige N. Topper
       MORRIS, NICHOLS, ARSHT & TUNNELL LLP
       1201 North Market Street, 16th Floor
       P.O. Box 1347
       Wilmington, Delaware 19899-1347
       Telephone: (302) 658-9200
       E-mail: dabbott@morrisnichols.com
               aremming@morrisnichols.com
               ptopper@morrisnichols.com

A copy of the solicitation version of the Disclosure Statement
dated Sept. 30 2021, is available at https://bit.ly/3alKsBh from
Omni Agent Solutions, the claims agent.

                 About Boy Scouts of America

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

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

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

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

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


BRAINSTORM INTERNET: Taps Weinman & Associates as New Counsel
-------------------------------------------------------------
Brainstorm Internet, Inc. received approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Weinman &
Associates, P.C. as its new bankruptcy counsel.

The firm's services include:

   a. providing the Debtor with legal advice regarding its rights
and duties and the continued operation of its business;

   b. representing the Debtor in any manner relevant to preserving
and protecting its estate;

   c. preparing legal papers and appearing in court;

   d. assisting in the winding up and dismissal of the Debtor's
bankruptcy proceedings post-confirmation;

   e. assisting the Debtor in administrative matters; and

   f. performing all other necessary legal services.

The firm's hourly rates are as follows:

     Jeffrey A. Weinman          $495 per hour
     Paralegals                  $250 to $300 per hour

Weinman & Associates will also be reimbursed for out-of-pocket
expenses incurred.

Jeffrey Weinman, Esq., a partner at Weinman & Associates, disclosed
in a court filing that his firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Jeffrey A. Weinman, Esq.
     Weinman & Associates, P.C.
     730 17th Street, Suite 240
     Denver, CO 80202
     Tel: (303) 572-1010
     Fax: (303) 572-1011
     Email: jweinman@weinmanpc.com

                  About Brainstorm Internet Inc.

Brainstorm Internet, a Denver-based wired telecommunications
carrier, filed a petition for Chapter 11 protection (Bankr. D.
Colo. Case No. 21-12549) on May 12, 2021, listing $1,044,617 in
assets and $276,282 in liabilities.  Jawaid Bazyar, president of
Brainstorm Internet, signed the petition.  Judge Kimberley H. Tyson
oversees the case.  The Debtor tapped Jeffrey A. Weinman, Esq., at
Weinman & Associates, P.C., as its bankruptcy counsel.


BT MCCARTHY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: BT McCarthy, Inc.
        97 9th St. N.
        Naples, FL 34102

Business Description: BT McCarthy, Inc. classifies its business
                      as "Other Specialty Trade Contractors".

Chapter 11 Petition Date: October 8, 2021

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 21-01354

Debtor's Counsel: Jeffrey Lampley, Esq.
                  LAMPLEY LAW OFFICE
                  5237 Summerlin Commons Blvd.
                  Ste. 217
                  Fort Myers, FL 33907
                  Tel: (239) 275-2289
                  Email: jlampley@lampleylaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marc Darby as 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/FQ7G5UA/BT_McCarthy_Inc__flmbke-21-01354__0001.0.pdf?mcid=tGE4TAMA


CALPLANT I: Court Gives Permission to Tap $30.1Mil. Bankruptcy Loan
-------------------------------------------------------------------
Leslie Pappas of Law360 reports that a California rice fiberboard
manufacturer got access to $7.2 million of a $30.1 million
bankruptcy loan Thursday, October 7, 2021, after a Delaware
bankruptcy judge overruled objections from the Office of the U.S.
Trustee about the rollup of prepetition debt.

The debtor-in-possession loan from senior bondholders would provide
$26 million in new money to help the Willows, California-based
facility complete construction as it readies itself for a sale,
Jennifer Marines of Morrison & Foerster LLP, an attorney for the
debtor, said during a virtual hearing with the U.S. Bankruptcy
Court for the District of Delaware.

                         About CalPlant I LLC

CalPlant I LLC is a Northern California-based company focused on
manufacturing sustainably-sourced building products, including the
creation of the world's first no-added-formaldehyde, rice
straw-based medium density fiberboard, Eureka MDF.

CalPlant CalPlant and its predecessor company, CalAg, LLC, have
spent many years researching, developing, and patenting a process
to make high-quality MDF using annually renewable rice straw as the
feedstock, the disposal of which has posed environmental issues in
California for decades.  CalPlant -- http://www.eurekamdf.com/--
is the world's first commercial-scale manufacturer of
no-added-formaldehyde, rice straw-based MDF.

CalPlant I Holdco, LLC, and CalPlant I, LLC, sought Chapter 11
protection (Bankr. D. Del. Case No. 21-11302 and 21-11303) on Oct.
5, 2021. The cases are handled by Honorable Judge John T. Dorsey.

CalPlant I Holdco estimated $50 million to $100 million in assets
and up to $50,000 in liabilities as of the bankruptcy filing.
CalPlant I, LLC estimated $100 million to $500 million in assets
and liabilities.

The Debtors tapped MORRISON & FOERSTER LLP as bankruptcy counsel;
MORRIS JAMES LLP, as local bankruptcy counsel; and PALADIN
MANAGEMENT GROUP as financial advisor. PRIME CLERK LLC is the
claims agent.



CAMBER ENERGY: Has 249.6M Authorized Common Shares as of Oct. 6
---------------------------------------------------------------
Camber Energy, Inc. had 249,563,409 shares of common stock issued
and outstanding as of Oct. 6, 2021, according to the company's Form
8-K filing with the Securities and Exchange Commission.   

The increase in Camber's outstanding shares of common stock from
the date of the company's Feb. 23, 2021 increase in authorized
shares of common stock from 25 million shares to 250 million
shares, is primarily due to conversions into common stock by an
institutional investor of shares of Series C Convertible Preferred
Stock of the company that were sold to the institutional investor
in 2018 and/or 2019, along with adjustments to such conversions
and/or conversion premiums due in respect of such Series C
Preferred Stock, which were payable in shares of common stock.  The
conversions of Series C Convertible Preferred Stock held by such
investor were pursuant to the exemptions from registration provided
by Section 3(a)(9) of the Securities Act of 1933, as amended,
Section 4(a)(1) of the Securities Act of 1933, as amended, and/or
Rule 144 promulgated thereunder.  

As of Oct. 6, 2021, the available shares of common stock for Camber
to issue prior to reaching its authorized common stock limit is
436,591.  To increase the number of authorized shares of common
stock, the company would have to obtain approval from its
shareholders.  If Camber were to combine its common shares
outstanding (i.e., perform a reverse split of its common stock)
without shareholder approval, the company's authorized shares of
common stock would have to be reduced by the same ratio. The
company is therefore not considering such a reverse stock split at
this time.

                        About Camber Energy

Based in Houston, Texas, Camber Energy -- http://www.camber.energy
-- is primarily engaged in the acquisition, development and sale of
crude oil, natural gas and natural gas liquids from various known
productive geological formations, including from the Hunton
formation in Lincoln, Logan, Payne and Okfuskee Counties, in
central Oklahoma; the Cline shale and upper Wolfberry shale in
Glasscock County, Texas; and Hutchinson County, Texas, in
connection with its Panhandle acquisition which closed in March
2018.

Camber Energy reported a net loss of $3.86 million for the year
ended March 31, 2020, compared to net income of $16.64 million for
the year ended March 31, 2019.  As of Sept. 30, 2020, the Company
had $11.79 million in total assets, $1.61 million in total
liabilities, $6 million in preferred stock (series C), and $4.18
million in total stockholders' equity.

Marcum LLP, in Houston, Texas, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated June 29,
2020, citing that the Company has incurred significant losses from
operations and had an accumulated deficit as of March 31, 2020 and
2019.  These factors raise substantial doubt about its ability to
continue as a going concern.


CANADA GOOSE: S&P Alters Outlook to Positive, Affirms 'B+' ICR
--------------------------------------------------------------
S&P Global Ratings revised the outlook on Toronto-based performance
luxury apparel company, Canada Goose Holdings Inc. to positive from
stable. At the same time, S&P Global Ratings affirmed its 'B+'
issuer credit rating on the company and its 'BB' issue-level rating
on Canada Goose Inc.'s senior secured term loan. The '1' recovery
rating indicates its expectation for very high (90%-100%; rounded
estimate: 95%) recovery in a default scenario.

The positive outlook indicates the possibility S&P could raise the
ratings in the next few quarters as the company continues to
execute on its direct-to-consumer strategy. The positive outlook
also incorporates the company's significantly improved
debt-to-EBITDA ratio as result of better-than-expected operating
performance.

Favorable operating performance should likely be underpinned by
growth in e-commerce channels, new store openings, and positive
consumer demand. The positive outlook reflects Canada Goose's
better-than-expected recovery in the company's operating
performance for fiscal 2021. The COVID-19 pandemic-led retail
closures had a significant impact on the company's first two fiscal
2021 quarters (ended March 31, 2021), which were also relatively
softer quarters for a highly seasonal business such as Canada
Goose. That said, the recovery after lockdown restrictions were
lifted, particularly from September 2020 through March 2021, was
meaningfully better than expected. As a result, the company's
revenues were lower by just 6% compared with our expectation of a
double-digit percent decline. Similarly, EBITDA performance was
higher than expected and EBITDA margins, on an S&P Global Ratings'
adjusted basis, were 24% compared with our expectation of about
20%. This led to a stronger debt-to-EBITDA ratio of 2.8x compared
with S&P's previous expectation of the high-4.0x area for fiscal
2021.

To a large extent, Canada Goose's strong recovery can be
attributed, to the company's presence in the direct-to-consumer
(DTC) channel, constituting about 60% of total fiscal 2021 revenues
and, in particular, its well-developed e-commerce channels.
Currently, Canada Goose operates in 51 e-commerce markets. S&P sid,
"We expect the company will continue to increase its strategic
shift to the DTC channel such that it contributes about 70% of
total revenues in the near term. We also expect the company will
expand its brick and mortar store openings geographically,
particularly in Mainland China where Canada Goose has opened three
stores since the beginning of fiscal 2022. These factors are key
drivers spurring revenue growth over the next 12 months. Even
though we expect the company will increase its sales, general, and
administrative spending in 2021 to support new store openings, we
still believe it will sustain strong EBITDA margins in the mid-20%
area through fiscal 2022."

S&P said, "A niche market, narrow product focus, and high
seasonality and geopolitical risks constrain the rating. Still, we
view Canada Goose's small-scale, limited product and brand
diversity and the highly seasonal nature of the business as factors
that could lead to greater volatility in EBITDA margins and credit
measures. We believe that within the broader global designer
apparel and footwear market, the company has created a niche
position and has limited scale as a performance luxury outerwear
apparel manufacturer. We assess Canada Goose's single brand and
narrow product focus as key credit risks to the company's business
risk profile. The company has high product concentration with most
of its revenues generated from its highly seasonal parka category
(about 80% of revenues and EBITDA are generated in July through
December), which exposes the company to significant revenue
volatility should seasonal sales weaken. A small but growing
portion of revenues is composed of non-parka products such as
spring and rain jackets and other cold weather accessories. In
addition, Canada Goose plans to expand into footwear. We believe
the company is still in the early stages of product diversification
and these efforts would only modestly benefit its operating
performance for the next 12 months. Finally, even though we assess
geopolitical risk as low, it could still limit the company's
geographic expansion and revenue growth outside of North America,
particularly in Asia.

"We expect the company will continue to generate positive free
operating cash flows, albeit lower than the previous year. During
fiscal 2021, the company had minimal working capital investments
owing to lower inventory build. Furthermore, to preserve cash,
Canada Goose curtailed its capital expenditures (capex) during the
year. As a result, the company exited fiscal 2021 with strong
positive free operating cash flow (FOCF) of about C$250 million. In
anticipation of stronger revenue growth in fiscal 2022, we expect
Canada Goose will increase investments in building its finished
goods inventory. In addition, the company plans to increase capex
in the C$60 million-C$70 million range to build new stores. Even
though Canada Goose will have higher cash outflows compared with
the previous year, we still expect it to generate C$100
million-C$120 million in positive FOCF. Furthermore, with sizable
cash on hand of C$300 million as of June 30, 2021, and C$313
million of borrowing capacity available under the revolving
facility, we expect the company will maintain adequate liquidity
for the next 12 months.

"The positive outlook indicates the possibility we could raise the
ratings on Canada Goose in the next few quarters as the company
continues to execute its DTC strategy. Revenue growth should be
spurred by the growth in e-commerce channels, new store openings in
Asia, and favorable consumer demand. The positive outlook also
incorporates Canada Goose's significantly improved debt-to-EBITDA
ratio as result of better-than-expected operating performance.

"We could revise the outlook to stable if debt to EBITDA (S&P
Global Ratings' adjusted basis) approached the 4x area. This
situation could occur due to softer revenue growth because of
operational underperformance, lower consumer demand due to economic
weakness, or an uncertain environment prolonged by the pandemic. In
addition, geopolitical risks could hinder the company's ability to
deliver its revenue growth.

"We could raise the ratings within the next few quarters if the
company sustains its positive operating performance; continues to
execute its DTC expansion strategy, including new store openings;
and maintains a financial policy commensurate with a leverage level
close to 3x."



CARDINAL HEALTH: Egan-Jones Keeps BB Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 16, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Cardinal Health, Inc.

Headquartered in Dublin, Ohio, Cardinal Health, Inc. provides
complementary products and services to healthcare providers and
manufacturers.



CASUALTY UNDERWRITERS: A.M. Best Cuts FSR to B(Fair)
----------------------------------------------------
AM Best has downgraded the Financial Strength Rating to B (Fair)
from B+ (Good) and the Long-Term Issuer Credit Rating to "bb+"
(Fair) from "bbb-" (Good) of Casualty Underwriters Insurance
Company (CUIC) (Salt Lake City, UT). The outlook of these Credit
Ratings has been revised to stable from negative.

The ratings reflect CUIC's balance sheet strength, which AM Best
assesses as strong, as well as its marginal operating performance,
limited business profile and marginal enterprise risk management.

The rating downgrades reflect AM Best's concerns over the company's
operating performance due to volatility and its prolonged inability
to generate favorable underwriting results leading to surplus
erosion in two of the past five years. The decline in operating
performance has resulted from an increased retention in CUIC's
private passenger automobile book of business. The increased
retention on the auto book to 50% from 20% as of Jan. 1, 2019, has
reduced the amount of ceding commissions CUIC receives, which has
increased the company's expense and combined ratios. Adverse
operating results, as well as the increased retention and lower
commissions have led to the company's five-year average combined
ratio comparing unfavorably with the non-standard auto composite.

CUIC's balance sheet strength assessment remains at the strong
level. CUIC also maintains the strongest level of risk-adjusted
capitalization, as measured by Best's Capital Adequacy Ratio
(BCAR). CUIC maintains a diversified high-quality investment
portfolio consisting mostly of stocks followed by long-term bonds.
Common stock leverage is elevated relative to the composite

CUIC's products focus on private passenger non-standard auto and
are concentrated in Utah and Idaho, which exposes the company to
product and geographic concentration. The company has expanded into
North Dakota recently in an effort to diversify the concentration
in mainly a single state. The company's business model has
continued to change as it had been acting previously as a fronting
carrier for the auto book of business until it began retaining
business in 2016. CUIC's business model also continued to evolve as
it exited the Livestock Risk Protection (LRP) Lamb program in 2018
due to significant volatility.



CDT DE SAN SEBASTIAN: To File Amended Plan by Oct. 13
-----------------------------------------------------
In the Chapter 11 case of CDT de San Sebastian Inc., following a
hearing on Aug. 11, 2021, Judge Edward A. Godoy ordered debtor CDT
De San Sebastian Inc. to file an amended disclosure statement and
plan by Sept. 24.  The Debtor on Sept. 29 then won an order
granting an extension of 14 days of its deadline to file an amended
disclosure statement and plan.

Now, the Debtor is asking the Court to extend its deadline to file
a plan and disclosure statement to Oct. 13, 2021.  The Debtor says
it is finalizing the preparation of the required Disclosure
Statement  & Plan
of Reorganization.

According to the minutes of the Aug. 11 hearing, the hearing on the
disclosure statement is continued to Nov. 3, 2021, at 1:30 p.m. via
Microsoft Teams.  

As reported in the TCR, CDT de San Sebastian filed a Chapter 11
Plan proposes to pay creditors pursuant to a schedule of deferred
cash payments, under a 5-year term, beginning on its effective
date, with cash to be received from the continuing operation of its
business and/or additional cash contributions from its shareholders
and/or legal collection actions to recover past due receivables
from medical insurance provider Triple S. General unsecured
creditors holding allowed claims will receive cash distributions
which the proponent of this Plan has valued at 10% and 1% of the
allowed amount of the claim or scheduled amount, depending on
whether or not a claim was timely filed.

                     About CDT De San Sebastian

CDT De San Sebastian Inc., a tax-exempt entity that operates an
outpatient care center in San Sebastian, P.R., sought Chapter 11
protection (Bankr. D.P.R. Case No. 19-06636) on Nov. 13, 2019.  At
the time of the filing, the Debtor disclosed assets of between $1
million and $10 million and liabilities of the same range.  Judge
Brian K. Tester oversees the case.  The Debtor has tapped Jose
Ramon Cintron, Esq., as its legal counsel, and JE&MA CPA Consulting
Solutions LLC, as its accountant.


CE INTERMEDIATE: S&P Assigns 'B-' ICR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level and '3' recovery
ratings to CE Intermediate I LLC's (d/b/a Clubessential) proposed
revolving credit and senior secured term loan B facilities.

S&P said, "The stable outlook reflects our expectation that
Clubessential will generate positive organic growth and improve its
profitability and cash flow generation over the next year. Although
adjusted leverage will remain high, we expect adjusted free
operating cash flow (FOCF) to debt to improve to the 5% area over
the next 12 months, up from about 2% forecast at the end of 2021.

On Sept. 3, 2021, Silver Lake Alpine II L.P. agreed to acquire a
35% stake in membership management software company Clubessential
with preferred equity.

Clubessential plans to raise $330 million of first-lien debt and
will use the proceeds in addition to the proposed equity investment
from Silver Lake and $30 million of preferred equity from Battery
Ventures to refinance its existing debt, repurchase shares, add
about $80 million of cash to the balance sheet, and pay related
fees and expenses.

The 'B-' rating reflects Clubessential's very high lease and
preferred-share adjusted leverage, its niche focus, its small
revenue and EBITDA bases compared to that of peers, and the
integration risk inherent in its acquisitive growth strategy.
Partly offsetting these factors are its good customer-retention
metrics, its relatively stable recurring revenue base, and its
EBITDA margins that are around or slightly better than the industry
average. Clubessential provides integrated SaaS solutions for
membership-based organizations including country clubs, social
clubs, golf courses, boutique and traditional fitness studios,
government-operated parks and recreation facilities, and college
sports organizations. The company's ClubReady, and Exerp business
segments target fitness clubs in the United States, U.K. and
Denmark, and account for approximately 35% of the company's revenue
pro forma for recent acquisitions, and the company's Clubessential
and ForeUp business lines, which target private clubs and golf
courses account for approximately 39% of pro forma revenue. The
company's Vermont Systems business segment, which targets
recreation programs for the U.S. military, state, and local
governments accounts for approximately 18% of pro forma revenue,
and the company's Prestosports business units targets college
(division 2 and below) and high school sports programs. The company
has moderately high revenue visibility, as approximately 70% of its
revenue is from recurring fees, and another 20% of its revenues
comes from payments processing.

S&P said, "The stable outlook reflects our expectation that
Clubessential will generate positive organic growth and improve its
profitability and cash flow generation over the next year. Although
adjusted leverage will remain high, we expect adjusted FOCF to debt
to improve to the 5% area over the next 12 months, up from about 2%
forecast at the end of 2021."

S&P could revise its outlook to negative or lower its rating on
Clubessential if:

-- S&P believed the company could begin to approach break-even
levels of free operating cash flow.

-- This could occur if poor integration of acquisitions resulted
in compression of EBITDA margins and slowed revenue growth.

S&P could revise its outlook to positive or raise its rating on
Clubessential if:

-- S&P believed the company could sustain lease-adjusted leverage
below 6.5x (which translates to lease and preferred share adjusted
leverage in the mid-teens.

-- This could occur if the company's acquisition strategy and
economies of scale resulted in better-than-expected revenue and
EBITDA performance and market share growth.



CENTRAL GARDEN: Egan-Jones Keeps BB Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 15, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Central Garden & Pet Company.

Headquartered in Walnut Creek, California, Central Garden & Pet
Company manufactures and distributes branded and private label
products.



CENTURY ALUMINUM: Egan-Jones Keeps CCC Senior Unsecured Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 17, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Century Aluminum Company. EJR also maintained its
'C' rating on commercial paper issued by the Company.

Headquartered in Chicago, Illinois, Century Aluminum Company
produces primary aluminum, in both molten and ingot form, through
facilities located in the United States.



CHOICE HOTELS: Egan-Jones Keeps BB Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 16, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Choice Hotels International, Inc.

Headquartered in Rockville, Maryland, Choice Hotels International,
Inc. franchises hotel properties.



CIMAREX ENERGY: Egan-Jones Keeps BB+ Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 17, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Cimarex Energy Co.

Headquartered in Denver, Colorado, Cimarex Energy Co. explores and
produces crude oil and natural gas in the United States.



CM WIND: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
-------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by CM Wind Down Topco Inc. EJR also maintained its
'B' rating on commercial paper issued by the Company.

Headquartered in Atlanta, Georgia, CM Wind Down Topco Inc. operates
as a radio broadcasting company.



CMC MATERIALS: Egan-Jones Keeps BB+ Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 8, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by CMC Materials, Inc.

Headquartered in Aurora, Illinois, CMC Materials, Inc. supplies
slurries used in chemical mechanical planarization, a polishing
process used in the manufacture of integrated circuit devices.



CORPORATE COLOCATION: Cash Deal with Landlord, SBA OK'd
-------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
has approved the stipulation filed by Corporate Colocation, Inc.;
Landlord, 530 6th Street, LLC; and the U.S. Small Business
Administration authorizing the Debtor to use cash collateral and
grant replacement liens on an interim basis through December 17,
2021.

The Court says the effectiveness of the current Amended Order
authorizing the Debtor to use cash collateral, to grant replacement
liens, etc. dated June 28, 2021 including the Stipulation regarding
administrative rent attached to and approved by the Court pursuant
to said Order, will be extended to December 15, 2021, by which time
the Court will have considered the Motion for further extension.

A further hearing on the matter is scheduled for December 15 at 10
a.m.

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

                  About Corporate Colocation Inc.

Corporate Colocation Inc. -- http//www.corporatecolo.com/ --
operates a large server farm that provides website services to
about 25 subtenants that is located at 530 West Sixth Street, Suite
502 et. seq., Los Angeles, California 90014. The Debtor sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
C.D. Calif. Case No. 21-12812) on April 7, 2021. In the petition
signed by Jonathan Goodman, president, the Debtor disclosed
$2,284,042 in assets and $5,041,445 in liabilities.

Judge Ernest Robles oversees the case.

Robert M. Yaspan, Esq., at Law Offices of Robert M. Yaspan is the
Debtor's counsel.

530 6th Street, LLC, as landlord, is represented by Jeffrey Lee
Costell, Esq. at Costell & Adelson Law Corporation.



CORRY DAVIS: Claims Will be Paid From Estate Sale Proceeds
----------------------------------------------------------
Corry Davis Marketing, Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of Texas a Plan of Reorganization dated
October 5, 2021.

The Debtor was incorporated in 1994. The real estate owned by it
was acquired by it in 1994.  The Debtor leases space to vendors and
exhibitors at the First Monday Trade Days markets in Canton, Texas.
It also leases space for short-term lodging during the markets and
collects parking fees from attendees who park on its real estate.

In 2012, the Debtor borrowed $3,500,000 from Citizens State Bank
for the and subsequently borrowed an additional $115,000 from that
bank, both of which were secured by deed of trust liens on all of
Debtor's real estate. When the deed of trust were posted for a
foreclosure sale in July, 2021, the Debtor sought protection under
Chapter 11 of the Bankruptcy Code. The Debtor has continued to
operate its business and has also listed its real estate for sale.

The Plan will treat claims as follows:

     * Class 1 consists of LBC1 Trust Secured Claims. The claims of
LBC1 Trust will be paid post-confirmation in monthly payments of
$16,672.08 commencing 30 days from the Confirmation Date reflecting
the combined amounts of the two notes bearing interest at 3.75% per
annum amortized over the term of 22 years. In the event Debtor has
not secured a sale of its real estate as described in its Schedules
within 18 months of the Petition Date which shall pay all amounts
due to LBC1 Trust as well as those due Van Zandt County Appraisal
District, LBC1 Trust shall have the right to foreclose on its deed
of trust liens without further order of the Court. This claim is
impaired. Any attorney's fees  allowed will be added to the amount
of the claim of LBC1 Trust.

     * Class 2 consists of Van Zandt County Appraisal District
Secured Claim. The claim of Van Zandt County Appraisal District
shall be paid in monthly payments of $3,762.65 commencing 30 days
following the Confirmation Date reflecting the amount of its claim
bearing interest at 12% per annum amortized over the term of 5
years. In the event Debtor has not secured a sale of its real
estate within 18 months of the Petition Date which shall pay all
amounts due to Van Zandt County Appraisal District and LBC1 Trust,
LBC1 Trust shall have the right to foreclose on its deed of trust
liens without further order of the Court without prejudice to the
priority of the lien of Van Zandt County Appraisal District. This
claim is impaired.

     * Class 3 consists of Tom Benton Jackson III Secured Claim.
This claim shall be deemed to be fully-secured and the interest
shall accrue at the rate of 5% per annum. This claim shall be paid
upon the sale by Debtor of its real estate to the extent the net
proceeds thereof are sufficient to pay this claim. This claim is
impaired.

     * Class 4 consists of Kapitus, LLC Secured Claim. This claim
has been disputed by Debtor. Beginning 30 days after the
Confirmation Date, Debtor shall deposit monthly in an escrow
account the amount of $555.31, which is the amount necessary to
amortize the claim of Kapitus, LLC at 6% per annum over a term of
10 years from the Petition Date. Should the resolution of the
dispute result in the determination that Kapitus, LLC has a claim
in a specific amount secured by a valid security interest, that
amount will be paid in monthly payments calculated to amortize the
specific amount over a term of 10 years from the Petition Date at
6% per annum and the escrowed sums shall be applied to such
payments to the extent necessary to pay the monthly payments to
which Kapitus, LLC would be entitled under such determination.

     * Class 5 consists of Priority Unsecured Claims. The Internal
Revenue Service hold a priority unsecured claim in the amount of
$1,335.15, and the Texas Comptroller of Public Accounts holds a
priority unsecured claim in the amount of $1,454.10. The Class 5
Priority Claims shall be paid in full 30 days following the
Confirmation Date. Class 5 Priority Unsecured Claims are not
impaired.

     * Class 6 consists of General Unsecured Claims. The holders of
Allowed General Unsecured Claims shall be paid upon the sale of the
real estate owned by Debtor, each holder receiving its pro rata
part of the net proceeds after payment of Class 1 Claims, Class 2
Claims, Class 3 Claims, Administration Expenses, and Class 4
Claims. In the event the available net proceeds of the sale exceed
the amount of the Allowed General Unsecured Claims, holders of
Allowed General Unsecured Claims shall also be allowed to receive
interest on the amounts of their claims at the Federal judgment
rate in force on the Confirmation Date.

     * Class 7 consists of Interests. The holder of Interests in
the Debtor will retain their Interests post-confirmation. In no
event shall holders of Interests receive any distribution of
profits or proceeds from the Debtor or from the sale of the real
estate owned by Debtor until all Administrative Expenses and the
claims of the Classes have been paid in full.

Debtor will continue to operate its business while it continues its
efforts to sell its real estate for an amount sufficient to pay the
claims treated under this Plan. Payments provided for by this Plan
will be made until the earlier of the expiration of 18 months from
the Petition Date or the closing of the sale of Debtor's real
estate. If Debtor's real estate has not been sold by the expiration
of 18 months from the Petition Date, LBC1 Trust shall have the
right to foreclose on its deed of trust liens in accordance with
the terms of said deeds of trust and Texas law.

A full-text copy of the Plan of Reorganization dated October 5,
2021, is available at https://bit.ly/3lkNgoC from PacerMonitor.com
at no charge.

Attorney for Debtor:

     Michael E. Gazette, Esq.
     Law Offices of Michael E. Gazette
     100 East Ferguson Street, Suite 1000
     Tyler, TX 75702-5706
     Tel: (903) 596-9911
     Fax: (903) 596-9922
     Email: megazette@suddenlinkmail.com

                  About Corry Davis Marketing

Corry Davis Marketing, Inc., a Canton, Texas-based company engaged
in renting and leasing real estate properties, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No.
21-60280) on July 2, 2021.  In the petition signed by Dale Murphy,
president, the Debtor disclosed assets of between $1 million and
$10 million and liabilities of the same range.  The Law Offices of
Michael E. Gazette serves as the Debtor's legal counsel.


CRAVE BRANDS: Wins Cash Collateral Access Thru Dec 15
-----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, authorized Crave Brands LLC and Meathead
Restaurants LLC to use cash collateral in which LQD Financial Corp.
claims an interest on an interim basis through December 15, 2021.

The Debtors are permitted to use cash collateral to pay actual,
ordinary, and necessary expenses, in accordance with the budget,
with a 10% variance.

The Debtors stipulated that (a) the indebtedness described in the
loan agreements executed by and between LQD and the Debtors matured
on March 31; and (b) as of the Petition Date, the balance due to
LQD is not less than $6,550,000 in principal plus accrued interest
at the rate of 17% per annum.

As adequate protection for the Debtor's use of cash collateral, LQD
is granted replacement liens and security interests on the Debtors'
property and assets, to the same extent, validity and priority as
LQD's pre-petition liens and security interests, if any, with any
such liens and security interests automatically perfected without
further action. The replacement liens will be in an amount equal to
the aggregate post-petition cash collateral used.

In addition to the replacement liens granted, LQD is granted a
super-priority administrative claim under Sections 503(b)(1),
507(a), and 507(b) of the Bankruptcy Code for the amount by which
the replacement lien proves to be inadequate and LQD will have all
the rights accorded to it pursuant to Section 507(b).

The Debtors are also directed to maintain insurance of the kind of
covering their property.

A further hearing on the matter is scheduled for December 13 at 2
p.m.

A copy of the order and the Debtor's daily cash flow projections
from Oct. 7 to Dec. 2, is available at https://bit.ly/3iDz34t from
PacerMonitor.com.

The Debtor projects $105,000 in total receipts and $50,052 in total
disbursements for October 11.

                        About Crave Brands

Crave Brands LLC, a company based in Chicago, Ill., sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
N.D. Ill. Case No. 21-04729) on April 9, 2021.  In the petition
signed by Steve Karfaridis, manager, the Debtor disclosed total
assets of up to $50,000 and liabilities of up to $10 million.

Judge Timothy A. Barnes oversees the case.  

Matthew Brash is the Subchapter V trustee appointed in the Debtor's
bankruptcy case.

David A. Warfield, Esq., at Thompson Coburn LLP, represents the
Debtor as bankruptcy counsel.

LQD Financial Corp., a creditor, is represented by the Law Office
of William J. Factor, Ltd.



DATAVANT GROUP: Moody's Confirms B3 CFR & Alters Outlook to Pos.
----------------------------------------------------------------
Moody's Investors Service confirmed CT Technologies Intermediate
Holdings, Inc.'s (dba "Datavant Group"; f/k/a "Ciox Health") B3
Corporate Family Rating, B3-PD Probability of Default Rating and
the B3 first lien senior secured credit facility rating. The
outlook was changed to positive from ratings under review.

This rating action concludes the review for upgrade initiated on
June 10, 2021, which followed company's announcement that it has
signed an agreement to merge Ciox Health with Datavant Holdings,
Inc., a developer of a healthcare data platform dedicated to
assisting in protecting, matching, and sharing health data. The
merger closed in Q3 2021, going forward, the combined entity will
be known as Datavant Group.

The confirmation of Datavant Group's B3 CFR reflects the modest
deleveraging through ongoing improvement in company's operating
performance, with debt-to-EBITDA financial leverage of 5.4x as of
June 30, 2021 (on Moody's adjusted basis). Moody's estimates
include an adjustment for a considerable (albeit decreasing) amount
of operational synergies still to be completed, which adds a degree
of subjectivity to pro forma EBITDA estimates. Moody's views the
merger of Ciox Health and Datavant as strategically sensible, which
will broaden the company's service offering, and provide
opportunities to strengthen the company's growth and operating
margin, over the longer term. However, Moody's does not expect the
merger to materially improve the company's profitability, over the
next 12 months.

The positive outlook reflects Moody's expectation that Datavant
Group will benefit from high single-digit earnings growth, and
further improvement in profitability, which will support the
company's ability to reduce debt/EBITDA towards 5.0x, over the next
12-18 months.

Confirmations:

Issuer: CT Technologies Intermediate Holdings, Inc.

Corporate Family Rating, confirmed at B3

Probability of Default Rating, confirmed at B3-PD

Senior secured first lien credit facility, confirmed at B3 (LGD3)

Outlook Actions:

Issuer: CT Technologies Intermediate Holdings, Inc.

Outlook, changed to Positive from Ratings Under Review

RATINGS RATIONALE

Datavant Group's B3 CFR reflects its moderately high pro forma
debt/EBITDA of 5.4x (on Moody's adjusted basis) for the LTM period
ended June 30, 2021. The rating also incorporates the company's
narrow business focus providing medical information exchange
management and retrieval services to US healthcare providers and
insurance carriers. Legal risks associated with the release of
protected health information and potential changes within the
regulatory environment also present risks to profitability.
However, the rating is supported by Datavant Group's leading
position in managing and sharing health information, an industry
with favorable growth characteristics. Additionally, multi-year
contracts with a large number of US hospitals, and high contract
renewal rates in the mid-90% range, lend visibility and
predictability to revenues.

Datavant Group's very good liquidity reflects balance sheet cash of
approximately $82 million, as of June 30, 2021, Moody's expectation
for high-single digit free cash flow to debt over the next 12
months, as well as access to an undrawn $50 million revolving
credit facility expiring in December 2025.

Social and governance considerations are material to Datavant
Group's rating. Among social concerns is potential reputational and
legal risks associated with the release of protected health
information, although management has stated that the company has
never been charged with a breach that led to a fine. Datavant Group
is liable for protecting patient medical records in compliance with
HIPAA. To maximize consistency and to reduce risk, most of the
process takes place at a centralized operations center in Georgia.
While these efforts have protected the company so far, risks
associated with cyber security breaches will remain elevated in a
rapidly changing technological landscape.

Moody's expects Datavant Group's financial policies to remain
aggressive under private equity ownership. Moody's anticipates
management's strategy will continue to supplement organic growth
with tuck-in acquisitions, and that the company could incur debt to
fund acquisitions, if a suitable opportunity arose.

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

Ratings could be upgraded if the company can effectively manage its
growth while maintaining good product and customer diversity.
Additionally, to be upgraded the company would need to maintain
good liquidity, reflected in positive free cash flow to debt in the
mid-to-high single digit percent range, with debt/EBITDA sustained
below 5.5 times.

Ratings could be downgraded if the company were to experience
operating disruptions or loss of a major contract. A downgrade
could also occur if the company's liquidity profile were to erode,
such that free cash flow was to turn negative on a sustained basis,
or interest coverage falls below one times.

Datavant Group's (f/k/a "Ciox Health"), headquartered in
Alpharetta, GA, is a large provider of healthcare information
services and technology solutions to hospitals, health systems,
physician practices and authorized recipients of protected health
records in the United States. The company offers two main service
lines: Providers Solutions helps providers manage the sharing of
patient's health information and data. Payers Solutions helps
payers and other volume requestors (such as insurance companies)
obtain medical information. In July 2021, Ciox Health completed
merger with Datavant Holdings, Inc. ("Datavant"), developer of a
healthcare data platform dedicated to assisting in protecting,
matching, and sharing health data. Affiliates of New Mountain
Capital, LLC purchased Ciox Health in November 2014. For the twelve
months ended June 30, 2021, the company generated revenues of
approximately $671 million.

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



DELUXE CORP: Egan-Jones Keeps B Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on September 17, 2021, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by Deluxe Corp.

Headquartered in Shoreview, Minnesota, Deluxe Corp. offers check
printing and related business services.



DISH NETWORK: Egan-Jones Hikes Senior Unsecured Ratings to BB+
--------------------------------------------------------------
Egan-Jones Ratings Company, on September 17, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by DISH Network Corp. to BB+ from BB.

Headquartered in Englewood, Colorado, DISH Network Corp. provides a
direct broadcast satellite subscription television, audio
programming, and interactive television services to commercial and
residential subscribers in the United States.



DOMTAR CORP: Egan-Jones Keeps BB+ Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 15, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Domtar Corporation.

Headquartered in Fort Mill, South Carolina, Domtar Corporation
manufactures and markets uncoated freesheet paper.



DUNTOV MOTOR: Unsecured Creditors to Get $18K in 36 Months
----------------------------------------------------------
Duntov Motor Company, LLC, filed with the U.S. Bankruptcy Court for
the Northern District of Texas a First Amended Plan of
Reorganization.

The Debtor has filed the instant case in order to provide a single
forum for the resolution of the issues against it and to provide a
vehicle for an appropriate repayment plan for the benefit of all
creditors. In this Plan, the Debtor proposes to reorganize and pay
existing debts as provided herein. The Debtor believes that the
terms of this Plan will maximize distributions to the creditors of
the Debtor and will allow the Debtor to emerge from bankruptcy with
the ability to meet future ongoing obligations. The Debtor is
seeking the confirmation of this Plan as a non-consensual plan.

The Plan does not release any claims of the Debtor against Edward
and Alan Sevadjian, and the Plan allows for the Radenne litigation
to continue, including the alter-ego claim. Accordingly, it is
possible that Ranenne could obtain a non-dischargeable judgment
against the Debtor and a finding of alter-ego against Edward and
Alan Sevadjian.

The Plan will treat claims as follows:

     * Class 2 consists of the Secured Claim of First State Bank of
Davis Oklahoma. First State Bank of Davis Oklahoma, successor to
First State Bank ("First State Bank"), holds an Allowed Claim
secured by a Lien on the Freightliner Hallmark Toter Home, VIN
1FVABTAK91HH75939 (the "Freightliner") scheduled by the Debtor at
$28,619.67. The Allowed Claim of First State Bank is substantially
the same as the value of the Freightliner. The monthly installment
payment under the Note with First State Bank is $1,136.00 with
payments scheduled to run through May 2023.

     * Class 3 consists of the Secured Claim of UPS Capital
Business Credit. UPS Capital Business Credit holds a Claim secured
by a Lien on substantially all of the Debtor's assets, including
equipment, inventory, and accounts receivable (the "UPS
Collateral") in the asserted amount of $219,654.93. The Collateral
value of the UPS Capital Business Credit Claim is Contested by the
Debtor. The Debtor believes that the value of the UPS Collateral
less an appropriate apportioned amount of the secured tax liability
is in the range of $29,000 - $65,000.00. Subject to UPS Capital
Business Credit supporting the Debtor's Plan, UPS Capital Business
Credit will receive an Allowed Secured Claim of $65,000.00. In the
event UPS Capital Business Credit objects to this treatment and/or
the Plan, the Debtor reserves the right to assert a lower value for
UPS Capital Allowed Secured Claim.

     * Class 4 consists of the Secured Claim of QSLWM. QSLWM holds
a prepetition Allowed Claim of $4,945.50 secured by a Lien on a
retainer in the amount of $4,945.50. QSLWM shall retain its Lien on
the retainer and be allowed to pay itself from the Retainer on the
Effective Date.

     * Class 5 consists of Priority Wage Claims. Unless otherwise
agreed to by such Claimant, all Allowed Priority Wage Claims under
11 U.S.C. § 507(a)(4) shall be paid by lump sum Cash payment on
the later of the Effective Date or 10 days after the Claim is
Allowed.  

     * Class 6 consists of the Priority IRS Tax Claim. The IRS has
filed proof of claim #12 in the amount of $92,083.17 of which
$54,410.10 is designated as a priority claim. The amount of the
Priority IRS Tax Claim is Contested. The Allowed Priority Tax Claim
to the IRS will be paid within 60 months following the Petition
Date by the Debtor making payments in approximate equal amounts
with interest at 6.0% per annum commencing on the later of the
first calendar day of the month following the Effective Date or
Allowance, until paid in full.

     * Class 7 consists of General Unsecured Claims. Once the
Debtor has fully paid the Administrative Expenses, but no later
than the 25th month after the Effective Date, the Debtor shall
commence depositing $500 per month into an Unsecured Creditors Pool
Fund with the Subchapter V Trustee and continue monthly deposits in
this amount for 36 months for a total of $18,000. General Unsecured
Claims shall have an Allowed Class 7 Claim in the Unsecured
Creditors Pool Fund for their respective pro-rata portion of all
Allowed General Unsecured Claims. The Subchapter V Trustee shall
maintain the Unsecured Creditor's Pool Fund in a separate account
for which he shall be the custodian and responsible for making the
distributions provided in the Plan.

     * Class 8 includes all Claims related to the Contested
Corvette Vehicle that is the subject of the Pending Litigation. The
respective rights and obligations of all parties related to the
Contested Corvette Vehicle are all Contested and shall be
adjudicated by Final Order, including but not limited to the
Contested Claims of Frank Radenne and of John Franklin Cooley, Jr.,
and any competing claims of ownership and/or Lien validity and
priority between Franck Radenne, UPS Capital Business Creditor and
John Franklin Cooley, Jr. All Allowed Class 8 Claims that are not
satisfied by acquisition of the Contested Corvette Vehicle in kind
or proceeds from the Contested Corvette Vehicle shall be considered
General Unsecured Claims.

     * Class 9 consists of Interest Holders. Holders of Interests
in the Debtor shall retain such Interests following the Effective
Date.

The obligations under the Plan shall be funded by the operation of
the Debtor's business.

A full-text copy of the First Amended Plan dated October 4, 2021,
is available at https://bit.ly/3mCIKBm from PacerMonitor.com at no
charge.

Counsel for the Debtor:

    John Paul Stanford, Esq.
    QUILLING, SELANDER, LOWNDS,
    WINSLETT & MOSER, P.C.
    2001 Bryan Street, Suite 1800
    Dallas, TX 75201
    Telephone: (214) 871-2100
    Facsimile: (214) 871-2111
    Email: jstanford@qslwm.com

                    About Duntov Motor Company

Duntov Motor Company, LLC sought Chapter 11 protection (Bankr. N.D.
Tex. Case No. 21-40348) on Feb. 20, 2021, listing under $1 million
in both assets and liabilities.  Judge Mark X. Mullin oversees the
case.  The Debtor tapped Quilling, Selander, Lownds, Winslett &
Moser, PC as legal counsel and Andy D. Plagens, LLC as accountant.

Behrooz Vida has been appointed as the Subchapter V Trustee in the
Debtor's case.


DURA-TRAC FLOORING: Unsecureds to Recover 5% via Quarterly Payments
-------------------------------------------------------------------
Dura-Trac Flooring Ltd. Co., filed with the U.S. Bankruptcy Court
for the Northern District of West Virginia a Disclosure Statement
and Plan of Reorganization.

The Debtor is a limited liability company. Since September 28,
2015, the Debtor has been in business of owning and operating
slide-lock temporary flooring system for special events.

This Plan of Reorganization proposes to pay creditors from cash
flow from operations, future income and sale of assets.

This Plan provides for the payment of administrative and priority
claims. Unsecured creditors holding allowed claims will receive
distributions, which the proponent of this Plan has valued at
approximately 5 cents on the dollar.

Class 2 consists of Priority Unsecured Claims. The claims in this
class are impaired and will treat claims as follows:

     * Marci Cirasi shall receive the amount of $750,000.00 without
interest in monthly installments $5,600 per month due on the first
day of each month until all principle is paid in full. Payments on
this obligation will be made only after all secured creditor
payments and all unsecured payments provided for have been paid in
full for that month.

     * Mark Cirasi shall receive the amount of $650,000.00 without
interest in monthly installments $5,600 per month due on the first
day of each month until all principle is paid in full. Payments on
this obligation shall not commence until the payment in full of the
claim of Marci Cirasi and all unsecured payments provided have been
paid in full for that month. The balance of his claim in the amount
of $100,00.00 has been injected into the debtor as additional
equity.

Class 3 consists of General Unsecured Claims. The total claims in
class 4 is $628,317.83 and these claims will be paid 5% of the
amount of their claim pro-rata four equal quarterly installments of
7,853.98 commencing on March 30, 2022, and a like amount on June
30, 2022, September 30, 2022 and a final payment on December 30,
2022. The claims In this class are impaired.

Equity interest holder Mark Cerasi shall retain equity.

Payments and distributions under the Plan will be funded by the
ongoing operating income of the Debtor.

A full-text copy of the Disclosure Statement dated October 4, 2021,
is available at https://bit.ly/3iHB9QG from PacerMonitor.com at no
charge.

The Debtor is represented by:

     James M. Pierson, Esq.
     Pierson Legal Services
     P.O. Box 2291
     Charleston, WV 25328
     Tel: (304) 925-2400
     Email: jpierson@piersonlegal.com

                     About Dura-Trac Flooring

Dura-Trac Flooring Ltd., a privately held company in the carpet and
flooring business, filed a Chapter 11 petition (Bankr. N.D. W.Va.
Case No. 20-00838) on Nov. 16, 2020.  In the petition signed by
Mark Cerasi, managing member, the Debtor was estimated to have $1
million to $10 million in both assets and liabilities.  Pierson
Legal Services serves as the Debtor's bankruptcy counsel.


EAGLE GARDEN: Case Summary & Unsecured Creditor
-----------------------------------------------
Debtor: Eagle Garden, LLC
        21701 Stevens Creek Blvd
        #2610
        Cupertino, CA 95014

Business Description: Eagle Garden is engaged in activities
                      related to real estate.

Chapter 11 Petition Date: October 6, 2021

Court: United States Bankruptcy Court
       Northern District of California

Case No.: 21-51276

Judge: Hon. Elaine E. Hammond

Debtor's Counsel: Guadalupe Gamino, Esq.
                  411 Russell Avenue
                  Santa Rose, CA 95403
                  Tel: 415-706-2090
                  E-mail: ggamino1950@gmail.com
                  
Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bethany Liou as owner/manager.

The Debtor listed PLM Loan as its sole unsecured creditor holding
an unknown amount of claim.

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

https://www.pacermonitor.com/view/QWSG6HY/Eagle_Garden_LLC__canbke-21-51276__0005.0.pdf?mcid=tGE4TAMA


EQUESTRIAN EVENTS: Updates TD Auto Secured Claims Pay Details
-------------------------------------------------------------
Equestrian Events, LLC, submitted a Third Amended Subchapter V Plan
of Reorganization dated October 4, 2021.

Class 2 consists of the secured claims of Kane County, Illinois and
TD Auto Finance. Kane County, Illinois holds a secured claim due to
property taxes due and owing for years 2019 and 2020 totaling
approximately $68,958. TD Auto Finance holds a secured claim due to
a vehicle loan made to Debtor and was owed the amount of $37,258.65
as of the Petition Date. Additionally, there is a default in the
amount of $2,223.43 due and owing to TD Auto Finance.

Kane County, IL shall be paid in full at the estimated rate of
$2,873.29 per month for a period of 24 months. TD Auto Finance
shall be paid in full according to the terms of the existing
contract. Additionally, the default in the amount of $2,223.43
shall be paid in full within six months of confirmation, payable at
the rate of $370.57 per month, on or before the 9th day of each
month.

The Third Amended Plan does not alter the proposed treatment for
unsecured creditors and the equity holder:

     * Unsecured creditors will be paid in full at the rate of
$728.13 per month for 24 months.

     * Equity security holder, Brian Anderson, shall retain his
interest in the Debtor.

The plan will be funded by the continued operations of the Debtor
and income derived from operations of the Debtor. Brian Anderson is
Manager and 100% Member of the Debtor and is responsible for
overseeing the operations of the Debtor. Brian Anderson shall
remain Manager and of the Debtor and remain responsible for the
operations of the Debtor after Plan Confirmation.

A full-text copy of the Third Amended Subchapter V Plan dated
October 4, 2021, is available at https://bit.ly/3DrnWmS from
PacerMonitor.com at no charge.

Attorney for the Plan Proponent:
    
     Joshua D. Greene, Esq.
     Springer Larsen Greene, LLC
     300 South County Farm Rd., Suite G
     Wheaton, IL 60187
     Telephone: (630) 510-0000
     Facsimile: (630) 510-0004
     Email: jgreene@springerbrown.com

                   About Equestrian Events

Equestrian Events, LLC operates a horse boarding business at
45W015-45W017 Welter Rd, Maple Park, Illinois.  It has 100%
ownership interest in the property, which has a current value of
$2.10 million.

Equestrian Events filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 20
21793) on Dec. 21, 2020. Brian Anderson, its manager, signed the
petition.

At the time of filing, the Debtor disclosed total assets of
$2,186,326 and total liabilities of $3,162,525.

Judge Timothy A. Barnes oversees the case.

Springer Larsen Greene, LLC serves as the Debtor's legal counsel.

Skyylight Services and Silver Bottom, LLC, as Lenders, are
represented by Mark A. Carter, Esq., Richard Polony, Esq., and
Daniel L. Morriss, Esq., at Hinshaw & Culbertson LLP as counsel.


EVERGREEN GARDENS: $7MM DIP Loan, Cash Collateral Access OK'd
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York has
authorized Evergreen Gardens Mezz LLC as initial debtor, together
with Evergreen Gardens I LLC (EG I) and Evergreen Gardens II LLC
(EG II), the subsidiary debtors, to, among other things, use cash
collateral and obtain postpetition financing on a final basis.

EG I sought permission to obtain postpetition financing on a
superpriority, senior, and junior secured basis consisting of a
secured debtor-in-possession superpriority multiple draw term loan
credit facility in an aggregate original principal amount of
$7,000,000 pursuant to the terms and conditions of the orders and
the Secured Superpriority Debtor-In-Possession Credit Agreement by
and among EG I and MREF REIT Lender 15 LLC, the DIP Lender.

Subject to the terms and conditions set forth in the DIP Documents
and the Final Order, the EG I is authorized to obtain up to, in an
original principal amount, an amount equal to $7,000,000 minus the
original amount borrowed by EG I pursuant to the Initial Advance of
term loans under the DIP Facility, in a series of draws each in an
amount not less than $100,000 plus up to an additional amount not
to exceed $310,000 to be used in accordance with the Approved
Budget and DIP Documents, solely in the event that the total
aggregate principal amount of $7,000,000 provided under the DIP
Documents is utilized in its entirety in accordance with the Budget
Requirements and no Event of Default exists or any such Event of
Default has otherwise been waived by the DIP Lender.

EG I is the borrower under a Loan and Security Agreement between EG
I and JPMorgan Chase Bank, N.A., the Prepetition EG I Secured
Lender, dated as of June 10, 2019, in the principal amount of $170
million.

EG I will use the DIP Loan proceeds in accordance with the budget
requirement and only for the types of expenses described in the
Approved Budget, and in compliance with the terms and conditions in
the Final Order and the DIP Documents.

Contemporaneously with the receipt of proceeds from the Initial
Draw Advance, EG I will pay the Prepetition EG I Secured Lender
$1,112,535 to replenish certain accounts that are required to be
maintained pursuant to the Prepetition EG I Loan Agreement.

As adequate protection for the EG I's use of cash collateral, the
Prepetition EG I Secured Lender is granted continuing, valid,
binding, enforceable and perfected postpetition security interests
in and liens on the DIP Collateral.

The Adequate Protection Liens will be subject to the Carve Out and
will otherwise be junior only to Permitted Liens, and the Adequate
Protection Liens will otherwise be senior to all other security
interests in, liens on, or claims against any of the DIP
Collateral.

As further adequate protection, the Prepetition EG I Secured Lender
is granted allowed superpriority administrative expense claims in
the EG I Chapter 11 Case and Successor Case.

The Adequate Protection Superpriority Claims will have priority
over all administrative expense claims and unsecured claims against
EG I or its estate.

As further adequate protection, EG I is authorized and directed to
pay in cash (i) current payment of interest in cash at the
non-default rate on the outstanding obligations under the
Prepetition EG I Credit Documents; and (ii) current payment in cash
of all reasonable and documented (in summary form) out-of-pocket
prepetition and postpetition fees and expenses payable to
Prepetition EG I Secured Lender.

These events constitute an "Event of Default:"

     a. The failure of EG I to perform, in any respect, any of the
terms, provisions, conditions, covenants, or obligations under the
Final Order that is not a term, provision, condition, covenant or
obligation under the DIP Credit Agreement in which case any cure
right of a default of any such term, provision, condition, covenant
or obligation shall be governed by the DIP Credit Agreement,
subject to a five Business Day cure period, which cure period will
begin upon the earlier of knowledge by the CROs of such Event of
Default and written notice thereof from the DIP Lender and the
Prepetition EG I Lender to the Borrower in the manner provided for
in the DIP Credit Agreement, or

     b. The occurrence and continuation of any “Event of
Default” under, and as defined in, the DIP Credit Agreement.

The Carve-Out means:

     i. All fees required to be paid to the Clerk of the Court and
to the Office of the U.S. Trustee under 28 U.S.C. Section 1930(a)
plus interest at the statutory rate.

    ii. Following a conversion of the Chapter 11 Cases from chapter
11 to chapter 7, all reasonable fees and expenses up to $25,000
incurred by a trustee under Section 726(b) of the Bankruptcy Code.

   iii. All unpaid fees and expenses incurred by the Debtor
Professionals at any time before or on the day of delivery by the
DIP Lender or the Prepetition EG I Secured Lender of a Carve-Out
Trigger Notice, whether allowed by the Bankruptcy Court prior to or
after delivery of a Carve-Out Trigger Notice and without regard to
whether such fees and expenses are provided for in the Approved
Budget or would cause a Budget Event; and

    iv. Allowed Debtor Professional Fees incurred after the day of
delivery by the DIP Lender or the Prepetition EG I Secured Lender
of the Carve-Out Trigger Notice, in an aggregate amount not to
exceed $250,000 with respect to the Debtor Professionals.

A copy of the final order and the Debtor's 13-week budget is
available at https://bit.ly/3Br7XFa from Donlin Recano, the claims
agent.

The budget provided for total expenses, on a weekly basis, as
follows:

     $132,205 for the week ending October 8, 2021;
      $33,122 for the week ending October 15, 2021;
     $181,126 for the week ending October 22, 2021;
      $79, 836 for the week ending October 29, 2021;
      $94,523 for the week ending November 5, 2021;
      $70,979 for the week ending November 12, 2021;
      $83,122 for the week ending November 19, 2021;
     $186,587 for the week ending November 26, 2021;
      $85,601 for the week ending December 3, 2021;
      $40,670 for the week ending December 10, 2021;

                     About Evergreen Gardens

Evergreen Gardens Mezz LLC focuses on the development,
construction, acquisition, leasing and management of residential
and commercial income-producing properties in Brooklyn, N.Y.  It
owns part of the 900-unit Denizen apartment complex, a millennial
haven in Bushwick, Brooklyn, developed on the former site of the
Rheingold Brewery.

Evergreen Gardens is part of All Year Management, a New York-based
real estate development firm, which has owned, managed and
developed dozens in real estate since its founding.

Evergreen Gardens sought Chapter 11 protection (Bankr. S.D. N.Y.
Case No. 21-10335) on Feb. 22, 2021.  The Debtor estimated assets
and debt of $50 million to $100 million as of the bankruptcy
filing.  

The Hon. Martin Glenn is the case judge.  Weil, Gotshal & Manges
LLP, led by Gary T. Holtzer, and Matthew P. Goren, is the Debtor's
legal counsel.

MREF REIT Lender 15 LLC, as DIP Lender, is represented by Goodwin
Procter LLP.

JPMorgan Chase Bank, N.A., as Prepetition EG I Secured Lender, is
represented by Fried, Frank, Harris, Shriver and Jacobson LLP.



EXPEDIA GROUP: Egan-Jones Keeps B+ Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 15, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Expedia Group, Inc.

Headquartered in Seattle, Washington, Expedia Group, Inc. provides
online travel services for leisure and small business travelers.



FERRO CORP: Egan-Jones Hikes Senior Unsecured Ratings to B+
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Ferro Corporation to B+ from B.

Headquartered in Mayfield Heights, Ohio, Ferro Corporation produces
performance materials for industry by utilizing organic and
inorganic chemistry.



FORD STEEL: Unsecureds to Recover 100% in Sale Plan
---------------------------------------------------
According to its Second Amended Disclosure Statement, FORD STEEL,
LLC's Plan of Reorganization proposes the sale of the Debtor's
property as defined in the Purchase and Sale Agreement (the "Sale
Property") with a 20 year lease back of the Property under a triple
net lease.  

The current proposed sale is to Big Acquisitions LLC for
$10,825,000 with the managing member of the Debtor, Herbert
Jeffries and/or one of his companies other than the Debtor or HC
Jeffries Tower Company, Inc. providing $1,250,000 of the purchase
price as subordinated equity in Big Acquisitions LLC. The proceeds
from the sale under the Purchase and Sale Agreement will be
utilized to pay commissions, closing costs, the first year's rent
at $920,000, a deposit of $1,200,000, the secured claims of
Montgomery County, SILAC, First Financial, the Texas Workforce
Commission and the allowed claim of the IRS8. If funds are
available after payment of the claims of the secured creditors as
provided under the Sale Order (and the escrow of such amount in the
Debtor's Counsel's IOLTA Account), the Debtor also shall pay
administrative claims of the U.S. Trustee and Steel Pipe & Supply.
After Confirmation, the Plan contemplates the continuation of the
Debtor's business utilizing the profits to fund the Plan
contemplates the continuation of the Debtor's business utilizing
the profits to fund the Plan and pay the remaining administrative
claims, priority claims and unsecured claims over a 5 to 10 year
period. However, the Debtor reserves the right to pre-pay any class
on a pro-rata basis as funds are available over the life of the
Plan.

The Debtor's Plan of Reorganization will provide for classification
of creditors' claims in accordance with the United States
Bankruptcy Code. The Debtor is in the steel fabrication business, a
type of construction business. It is customary in the construction
business for a slow-down in business during the holiday period
October through December. This often results in lower revenues
during the first three months of the year. Due to the slow-down
during the holiday period, the Debtor reserves the right, in the
event it is unable to make the full quarterly or monthly payment to
any Unsecured Class of Creditors in any given year, due to an act
of nature such as Hurricane Harvey or the COVID 19 Pandemic, to pay
the unpaid amount during the remaining three quarters of that year.
The unpaid amount may be paid in any manner whether it is monthly
or in a lump sum provided that it is paid in full within eleven
months from the missed payment. Such a delay in payment shall not
constitute a default under the Plan of Reorganization.

Attorneys for the Debtor:

     Julie M. Koenig
     COOPER & SCULLY, PC.
     815Walker, Suite 1040
     Houston, Texas 77002
     Tel: (713) 236-6800
     Fax: (713) 236-6880
     E-mail: Julie.Koenig@cooperscully.com

A copy of the Disclosure Statement dated September 29, 2021, is
available at https://bit.ly/3uxndxl from PacerMonitor.com.

                      About Ford Steel LLC

Porter, Texas-based Ford Steel, LLC --
http://www.fordsteelllc.com/--is in the business of steel product
manufacturing. It fabricates for a wide variety of industries
including the petrochemical industry, waste water treatment,
transmission communication and broadcast towers, mining, and oil
and gas industries.

Ford Steel filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 20-34405) on Sept. 1,
2020.  Herbert C. Jeffries, managing member, signed the petition.
The Debtor had between $1 million and $10 million in both assets
and liabilities.  Judge Eduardo V. Rodriguez oversees the case.

The Debtor tapped Cooper & Scully, PC as bankruptcy counsel. Muskat
Mahony & Devine, LLP, Currin Wuest Mielke Paul & Knapp, PLLC, and
Cantrell & Cantrell, PLLC serve as the Debtor's special counsel.

First Financial Bank, Inc., as lender, is represented by West,
Webb, Allbritton & Gentry, PC.


GEORGE WASHINGTON: Lender Sues Port Authority Over Bankruptcy Sale
------------------------------------------------------------------
Jonathan Randles of The Wall Street Journal reports that a
real-estate investment firm that financed the overhaul of a major
bus station in northern Manhattan sued the Port Authority of New
York and New Jersey, accusing the public agency of upending the
planned bankruptcy sale of a retail leasehold and wiping out a $72
million loan from foreign investors.

New York City Regional Center LLC is seeking to recoup its losses
through the lawsuit filed Monday against the Port Authority, which
detailed problems with a chapter 11 sale for the retail leasehold
at the George Washington Bridge.

           About George Washington Bridge Bus Station

George Washington Bridge Bus Station Development Venture LLC the
lead developer of a public/private venture renovation and
improvement project for the George Washington Bus Station, located
at the east end of the George Washington Bridge, which is owned and
operated by the Port Authority of New York and New Jersey,

George Washington Bridge Bus Station Development Venture LLC sought
Chapter 11 protection (Bankr. S.D.N.Y. Case No. 19-13196) on Oct.
7, 2019. In its petition, it estimated assets between $50 million
and $100 million and liabilities between $100 million and $500
million. The case is handled by Honorable Judge Shelley C. Chapman.
Cole Schotz P.C., led by Rebecca W. Hollander, is serving as the
Debtor's counsel.


GEORGE WESTON: Egan-Jones Keeps BB Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Canada, George Weston Limited.

Headquartered in Toronto, Canada, George Weston Limited operates as
a supermarket.



GREEN PHARMACEUTICALS: Continued Operations to Fund Plan
--------------------------------------------------------
Green Pharmaceuticals, Inc., submitted a Fourth Amended Disclosure
Statement describing Fourth Amended Chapter 11 Plan dated October
5, 2021.

This is a reorganizing plan. The Debtor seeks to make payments
under a plan paying unsecured creditors either a dividend over
time.

The effective date of the proposed Plan is 30 days following entry
of an order confirming the proposed Plan.

To fix problems that led to this bankruptcy filing, the Debtor has
implemented the following procedures and changes:

     * Recognizing early that the Covid 19 pandemic would cause
problems, the Debtor changed its business model. First, it notified
its factor that it would stop factoring its retail invoices and
would terminate the factoring contract. While factoring assists the
Debtor with its cash flow, factoring costs and the Debtor believes
that with its new emphasis on more online sales, factoring will be
less important.

     * Also, the Debtor is selling more product online than it use
to, in particular, through Amazon. In addition, the Debtor will
invest more money into its website so that it can move ass many
sales as possible to its own website where the Debtor will have
more control over its products and their pricing.

     * Green has established relations with the drug store chains.
As their customer base returns in larger numbers over the next
couple of years, the Debtor expects these sales to return, though
not to pre-Covid levels.

     * Green's costs of goods sold ("COGS") is relatively low.

     * Given the structural changes to its business model with
Covid 19, the Debtor ceased its relationship with its factor.
Factoring had aided the Debtor when it mostly sold its products
through large retail chain stores which are notoriously slow
payers. Online purchases are paid for up front. This eliminates the
need to factor receivables.

     * All of these help make it likely that the Debtor can
reorganize and can make plan payments.

During the case, the Debtor's financial performance has been mixed.
Prior to Covid 19, the Debtor's financial position was good. Covid
19 greatly impacted sales. More recently, the Debtor's business has
been recovering. Its payables are timely paid. During the case, the
Debtor has improved its financial reporting and has kept its COGS
and expenses low.

The Debtor has four creditors who assert security interests in
monies:

     * FC Marketplace, LLC appears to be the senior lender and as
such is fully secured by receivables, monies, personal property and
other assets.

     * Independence recorded a UCC-1 Financing Statement with the
State of California Secretary of State on August 28, 2017. The
UCC-1 Financing Statement was not properly perfected because it was
not filed in the state of incorporation, Oregon. As such, it will
be treated as unsecured claim in the plan.

     * Hydrangea recorded a UCC-1 Financing Statement with the
State of California Secretary of State on October 6, 2017. The
UCC-1 Financing Statement was not properly perfected because it was
not filed in the state of incorporation, Oregon. As such, it will
be treated as unsecured claim in the plan.

The Plan will treat claims as follows:

     * Class 1 consists of the secured claim of FC Marketplace.
During the chapter 11 case, the guarantor, Dominique De Rivel has
been making the monthly payments to this creditor and lowering the
balance to approximately $77,000. When plan payments have been
completed, this creditor must promptly release of all liens
asserted against the Debtor.

     * Class 2 consists of General Unsecured Claims. The total
payout for all creditors in this class other than the Rosendez
class is at 4.6%. For the Rosendez class, the payout is 100% of the
agreed upon compromise. If Class 2 votes to accept the plan, then
it shall receive the distribution. If Class 2 votes to reject the
Plan, then the Debtor will move to cram down the Plan treatment.

     * Class 4 consists of Dominique and Christian De Rivel as 100%
holders of the Debtor's stock. If Class 2 votes to reject the Plan
and if the Court determines that the new value contribution the De
Rivels have made during the case and at the time of confirmation do
not constitute sufficient new value, then members of this class
will receive no distribution.

The Plan will be funded by the Debtor's business operation.

The Debtor anticipates having monies of $300,000 at the Plan's
Effective Date from an increase in an EIDL Loan. The Court approved
the Debtor's motion to increase A hearing on the Debtor's motion to
increase the amount of its EIDL loan to $500,000 from $150,000 and
the Court authorized the Debtor to spend $50,000 of the increased
sum on marketing and to segregate the balance of the funds,
$300,000 pending plan confirmation and further order of the
Court.  

A full-text copy of Fourth Amended the Disclosure Statement dated
October 5, 2021, is available at https://bit.ly/3lnzPUU from
PacerMonitor.com at no charge.

Attorneys for Debtor:

     Steven R. Fox, SBN 138808
     W. Sloan Youkstetter, SBN 296681
     THE FOX LAW CORPORATION, INC.
     17835 Ventura Blvd., Suite 306
     Encino, CA 91316
     Tel: (818)774-3545
     Fax: (818)774-3707
     E-mail: srfox@foxlaw.com

                  About Green Pharmaceuticals

Green Pharmaceuticals, Inc. -- https://www.snorestop.com/ -- is a
privately held company in Camarillo, California offering its
flagship brand SnoreStop, an easy-to-use sprays and tablets that
help people to experience a good night's sleep.  SnoreStop the only
medically proven over-the-counter natural solution to snoring that
is not a device.

Green Pharmaceuticals, based in Camarillo, CA, filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 18-12087) on Dec. 19,  018.  In
the petition signed by Dominique De Rivel, president and CEO, the
Debtor disclosed $380,735 in assets and $3,951,007 in liabilities.
The Hon. Deborah J. Saltzman oversees the case.  Steven R. Fox,
Esq., at The Fox Law Corporation, Inc., serves as bankruptcy
counsel.        


GREIF INC: Egan-Jones Cuts Senior Unsecured Ratings to BB-
----------------------------------------------------------
Egan-Jones Ratings Company, on September 10, 2021, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Greif, Inc. to BB- from B+.

Headquartered in Delaware, Ohio, Greif, Inc. manufactures and
markets industrial packaging products and services.



GYPSUM RESOURCES: Claims to be Paid From Cash Flow
--------------------------------------------------
Gypsum Resources Materials, LLC, and Gypsum Resources, LLC,
submitted a Fourth Amended Joint Chapter 11 Plan of Reorganization
and a corresponding Disclosure Statement.

GR, whose business purpose is to hold land for investment and
development, owns approximately 2,200 acres of land in Clark
County, Las Vegas commonly referred to as the "Blue Diamond Hill".
GRM operates a gypsum mine on the Blue Diamond Hill and sells the
gypsum mining product to the public.

GR's assets represent the bulk of the Debtors' asset value due to
the value of the real estate as  well as the potential Clark County
Litigation  Proceeds.  The Debtors will utilize the Auction Sale
Proceeds as well as the Spanish Heights DIP Loan to fund the
initial cash requirements of the
Plan.  GRM is expected to service the long-term obligations of the
Plan through cash flow generated from the gypsum mine.  GR has
approximately $13,200,000 of debt (excluding that asserted by
Rep-Clark) that is
secured against various parcels owned by GR.  It is anticipated
that up to $12,400,000 of this debt will be paid off with the
Auction Property Sale Proceeds, while the remaining debt will be
amortized over 20 years, and paid in full by the tenth anniversary
of the Effective Date.  GRM's Equipment Lenders will represent
approximately $433,900 in debt as Sept. 30, 2021, and will either
be paid under the terms of the Equipment Lender's Documentation, or
have their Equipment Lender's Collateral surrendered to them
(depending on the outcome of the Rep-Clark Adversary).

Under the Plan, Class 4 General Unsecured Claims total $4,566,632.
The Debtors and Reorganized Debtors shall transfer the following
Litigation Trust Assets to the Litigation Trust, to be distributed
by the Litigation Trustee to each Holder of a Class 4 Allowed
General Unsecured Claim, Pro Rata, or to be otherwise used in
accordance with the Litigation Trust Agreement:

    (a) on the Effective Date, from the greater of (i) $1,000,000
or (ii) 25% of the Auction Sale Proceeds remaining after payment of
the Casa Lender Secured Claim, the Alper Secured Claim, Allowed
Administrative Claims, Allowed Priority Tax Claims, Allowed
Priority Claims, and Allowed Secured Property Tax Claims under this
Plan (the "Class 4 Auction Proceeds");

    (b) the Avoidance Actions (subject to the Tolling Agreements);


    (c) the Litigation Trust Seed Fund;

    (d) the recovery, if any, that the Reorganized Debtors receive
in Cash as the prevailing party in the Clark County Litigation,
after payment of (i) all Claims under this Plan other than those in
Class 5 and (ii) all Post-Effective Date Fees incurred until the
date of such recovery (the "Clark County Litigation Proceeds"),
within 30 days after the Reorganized Debtors receive such Clark
County Litigation Proceeds; and

    (e) the Class 4 Unsecured Note.

With respect to the Class 4 Unsecured Note, the Reorganized Debtors
shall in full satisfaction and exchange for all Allowed General
Unsecured Claims, transfer to the Litigation Trustee a Class 4
Unsecured Note in the aggregate amount of all Class 4 Allowed
General Unsecured Claims as of the Effective Date, which Note shall
provide for monthly installments of principal, together with Post
Effective Date Interest, based on a 20 year amortization schedule,
and which shall be paid to the extent the Holders of Class 4
Allowed General Unsecured Claims have not already received such
amounts from the Auction Property Sale Proceeds, the Clark County
Litigation Proceeds and the Litigation Trust Proceeds, with any
remaining principal and interest due on the 10th anniversary of the
Effective Date.

Holders of GR Old Equity Interests in Class 6(a) will not receive
or retain any property and all GR Old Equity Interests will be
extinguished.
As to GRM Old Equity Interests in Class 6(B), Reorganized GR will
retain the GRM Old Equity Interests.

On the Effective Date, the Debtors shall make a draw on the Spanish
Heights DIP Loan in the amount necessary, together with the Auction
Property Sale Proceeds remaining after payment of the Casa Lender
Secured Claim, and the Alper Secured Claim, to provide all
Confirmation Funds for Distribution pursuant to the Plan.

The Bankruptcy Court will hold a hearing on Confirmation of the
Plan starting at 9:30 a.m. on Dec. 14, 2021 at Courtroom 2, Foley
Federal Building and U.S. Courthouse, 300 Las Vegas Boulevard,
South, Las Vegas, Nevada 89101.  The Bankruptcy Court has
established Nov. 24, 2021, as the deadline to object to the Plan.
The voting deadline is Nov. 24, 2021.

Counsel for the Debtors:

     BRETT A. AXELROD, ESQ.
     Nevada Bar No. 5859
     FOX ROTHSCHILD LLP
     1980 Festival Plaza Drive, Suite 700
     Las Vegas, Nevada 89135
     Telephone: (702) 262-6899
     Facsimile: (702) 597 5503
     Email: baxelrod@foxrothschild.com

A copy of the Disclosure Statement for the Fourth Amended Joint
Chapter 11 Plan of Reorganization dated Oct. 8, 2021, is available
at https://bit.ly/3oLtHYL from PacerMonitor.com.

               About Gypsum Resources Materials

Based in Las Vegas, Gypsum Resources Materials, LLC, a privately
held company in the gypsum mining business, and its affiliate
Gypsum Resources, LLC filed voluntary petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Lead Case No.
19-14799) on July 26, 2019.  The petitions were signed by James M.
Rhodes, president of Truckee Springs Holdings, LLC, manager of
Gypsum Resources, LLC.

At the time of the filing, Gypsum Resources Materials had between
$10 million and $50 million in both assets and liabilities.
Meanwhile, Gypsum Resources, LLC had between $50 million and $100
million in both assets and liabilities.

The Debtors tapped Fox Rothschild LLP as bankruptcy counsel, Hill
Farrer & Burrill LLP as special counsel, and Conway MacKenzie, Inc.
and Sonoran Capital Advisors, LLC as financial advisors.

The U.S. Trustee for Region 17 appointed an official committee of
unsecured creditors on Aug. 30, 2019.  The committee is represented
by Goldstein & McClintoc, LLLP.


HAWAIIAN HOLDINGS: Extends Early Tender Deadline to Oct. 14
-----------------------------------------------------------
Hawaiian Airlines, Inc., a wholly owned subsidiary of Hawaiian
Holdings, Inc., has extended the early tender deadline of its
previously announced (i) offers to purchase for cash any and all of
its 7.375% Series 2020-1A Pass Through Certificates due 2027 and
11.250% Series 2020-1B Pass Through Certificates due 2025 and (ii)
Consent Solicitations (as defined in the Offer to Purchase), in
each case set forth in the Company's Offer to Purchase and Consent
Solicitation Statement, dated Sept. 23, 2021.

The "Early Tender Deadline" applicable to the Tender Offers
previously scheduled for 5:00 p.m., New York City time, on Oct. 6,
2021, has been extended to 5:00 p.m., New York City time, on Oct.
14, 2021, unless further extended or earlier terminated by the
Company.

The deadline for withdrawal of tenders of Certificates was 5:00
p.m., New York City time, on Oct. 6, 2021 and remains unchanged.
Certificates that have been tendered or that may be tendered prior
to the applicable expiration date pursuant to the Offer to Purchase
therefore may not be withdrawn unless required by applicable law.

The "Expiration Date" applicable to the Tender Offers was 11:59
p.m., New York City time, on Oct. 21, 2021 and remains unchanged.
The Company will settle the Tender Offers on the Final Settlement
Date which is expected to occur on Oct. 25, 2021.

Other terms of the Tender Offers remain unchanged.  Holders of
Certificates should read carefully and in their entirety the Offer
to Purchase before deciding whether to tender.  No further action
is required to be taken by holders who have already tendered
Certificates.

The Tender Offers are not conditioned upon any minimum pool balance
of Certificates being tendered.  However, the Tender Offers and
Consent Solicitations are subject to, and conditioned upon, the
satisfaction or waiver of certain conditions described in the Offer
to Purchase.

Citigroup Global Markets Inc. is the Dealer Manager and
Solicitation Agent in the Tender Offers and Consent Solicitations.
Global Bondholder Services Corporation has been retained to serve
as the Tender and Information Agent for the Tender Offers and
Consent Solicitations.  Persons with questions regarding the Tender
Offers and Consent Solicitations should contact Citigroup at (800)
558-3745 (toll-free) or (212) 723-6106 (collect).  Requests for
copies of the Offer to Purchase and other related materials should
be directed to Global Bondholder Services Corporation at (banks or
brokers) (212) 430-3774 or (toll free) (866) 807-2200 or by email
to contact@gbsc-usa.com.

None of the Company, the Dealer Manager and Solicitation Agent, the
Tender and Information Agent, the Trustee (as defined in the Offer
to Purchase), the Subordination Agent (as defined in the Offer to
Purchase), nor any of their respective directors, officers,
employees or affiliates makes any recommendation as to whether
holders should tender their Certificates pursuant to the applicable
Tender Offer or consent pursuant to the Consent Solicitations, and
no one has been authorized by any of them to make such a
recommendation.  Holders must make their own decisions as to
whether to tender their Certificates and deliver related consents
to the Proposed Amendments (as defined in the Offer to Purchase),
and, if so, the pool balance of Certificates as to which action is
to be taken.

                       About Hawaiian Holdings

Hawaiian Holdings, Inc.'s primary asset is sole ownership of all
issued and outstanding shares of common stock of Hawaiian Airlines,
Inc.  The Company is engaged in the scheduled air transportation of
passengers and cargo amongst the Hawaiian Islands (the Neighbor
Island routes) and between the Hawaiian Islands and certain cities
in the United States (the North America routes together with the
Neighbor Island routes, the Domestic routes), and between the
Hawaiian Islands and the South Pacific, Australia, New Zealand and
Asia (the International routes), collectively referred to as its
Scheduled Operations.

Hawaiian Holdings reported a net loss of $510.93 million for the
year ended Dec. 31, 2020, compared to net income of $223.98 million
for the year ended Dec. 31, 2019.  As of June 30, 2021, the Company
had $5.22 billion in total assets, $1.44 billion in total current
liabilities, $1.89 billion in long-term debt, $1.28 billion in
total other liabilities and deferred credits, and $610.47 million
in total shareholders' equity.

                             *   *   *

As reported by the TCR on April 12, 2021, S&P Global Ratings
revised its ratings outlook to positive from negative and affirmed
its 'CCC+' issuer credit rating on Hawaiian Holdings Inc. (parent
of Hawaiian Airlines).  S&P said, "The positive outlook indicates
that we could raise our ratings on Hawaiian if we see sustained
improvements in traffic resulting in funds from operations (FFO) to
debt improving to at least the mid-single-digit-percent area in
2022 and further in 2023, with the company also continuing to
maintain adequate liquidity."


HAWAIIAN HOLDINGS: U.S. Global Jets Acquires 10.42% Equity Stake
----------------------------------------------------------------
U.S. Global Jets ETF disclosed in a Schedule 13G filed with the
Securities and Exchange Commission disclosing that as of Sept. 30,
2021, it beneficially owns 5,338,054 shares of common stock of
Hawaiian Holdings, Inc., which represents 10.42 percent of the
shares outstanding.  A full-text copy of the regulatory filing is
available for free at:

https://www.sec.gov/Archives/edgar/data/1172222/000118518521001453/usglbljets20211007_sc13g.htm

                       About Hawaiian Holdings

Hawaiian Holdings, Inc.'s primary asset is sole ownership of all
issued and outstanding shares of common stock of Hawaiian Airlines,
Inc.  The Company is engaged in the scheduled air transportation of
passengers and cargo amongst the Hawaiian Islands (the Neighbor
Island routes) and between the Hawaiian Islands and certain cities
in the United States (the North America routes together with the
Neighbor Island routes, the Domestic routes), and between the
Hawaiian Islands and the South Pacific, Australia, New Zealand and
Asia (the International routes), collectively referred to as its
Scheduled Operations.

Hawaiian Holdings reported a net loss of $510.93 million for the
year ended Dec. 31, 2020, compared to net income of $223.98 million
for the year ended Dec. 31, 2019.  As of June 30, 2021, the Company
had $5.22 billion in total assets, $1.44 billion in total current
liabilities, $1.89 billion in long-term debt, $1.28 billion in
total other liabilities and deferred credits, and $610.47 million
in total shareholders' equity.

                             *   *   *

As reported by the TCR on April 12, 2021, S&P Global Ratings
revised its ratings outlook to positive from negative and affirmed
its 'CCC+' issuer credit rating on Hawaiian Holdings Inc. (parent
of Hawaiian Airlines).  S&P said, "The positive outlook indicates
that we could raise our ratings on Hawaiian if we see sustained
improvements in traffic resulting in funds from operations (FFO) to
debt improving to at least the mid-single-digit-percent area in
2022 and further in 2023, with the company also continuing to
maintain adequate liquidity."


HOST HOTELS: Egan-Jones Keeps BB Senior Unsecured Ratings
---------------------------------------------------------
Egan-Jones Ratings Company, on September 16, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Host Hotels & Resorts, L.P.

Headquartered in Maryland, Host Hotels & Resorts, L.P. operates as
a real estate investment trust.



IAMGOLD CORPORATION: Egan-Jones Keeps BB Senior Unsecured Ratings
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 8, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by IAMGOLD Corporation.

Headquartered in Toronto, Canada, IAMGOLD Corporation is a mid-tier
gold mining company.



IONIS PHARMACEUTICALS: Egan-Jones Keeps BB- Sr. Unsecured Ratings
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, maintained its
'BB-' foreign currency and local currency senior unsecured ratings
on debt issued by Ionis Pharmaceuticals, Inc.

Headquartered in Carlsbad, California, Ionis Pharmaceuticals, Inc.
operates as a biotechnology company.



ISTAR INC: Egan-Jones Keeps B+ Senior Unsecured Ratings
-------------------------------------------------------
Egan-Jones Ratings Company, on September 10, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by iStar Inc.

Headquartered in New York, New York, iStar Inc. operates as a real
estate investment company.



JACK IN THE BOX: Egan-Jones Keeps B- Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, maintained its
'B-' foreign currency and local currency senior unsecured ratings
on debt issued by Jack in the Box Inc. EJR also maintained its 'B'
rating on commercial paper issued by the Company.

Headquartered in San Diego, California, Jack in the Box Inc.
operates and franchises restaurants.



JAMES M MIES: $550K Sale of Sedgwick County Property to Nietos OK'd
-------------------------------------------------------------------
Judge Dale L. Somers of the U.S. Bankruptcy Court for the District
of Kansas authorized James M. Mies' sale of the real estate located
in Sedgwick County, Kansas, to Alejandro and Jill A. Nieto for
$550,000.

The Real Estate is described as Part of the Southwest Quarter
(SW1/4) of Section 29, Township 25 South, Range 1 East of the 6th
P.M., Sedgwick County, Kansas, described as follows: BEGINNING at a
point 1525 feet East and 1423.67 feet South of the Northwest corner
of said SW1/4; THENCE Southerly, parallel with the West line of
said SW1/4, 384.27 feet; THENCE Easterly, parallel with the South
line of said SW1/4, 412.68 feet to the P.C. of a curve to the right
with a radius of 206.38 feet and a central angle of 103°06'30";
THENCE Northeasterly along said curve 371.40 feet to the P.T. of
said curve; THENCE Northwesterly, tangent to said curve, 135.71
feet; THENCE Westerly, parallel with the North line of said SW1/4,
582.34 feet to the point of BEGINNING, containing 5.19 acres, more
or less and subject to a 35-foot road easement on the South and
East sides of the tract and having a common address of 726 W. East
Point Road, Valley Center, KS 67147-8800.

The sale of the Real Estate is free and clear of all liens, lis
pendens and encumbrances of record, including, without limitation,
the
following:

     a. State of Kansas Withholding Tax Lien, filed Aug. 2, 2012 at
12-ST-1496, against James Mies, in the amount of $3,001.81, plus
interest and costs;

     b. State of Kansas Withholding Tax Lien, filed Aug. 2, 2012 at
12-ST-1507, against JMMT Inc. and James Mies, in the amount of
$8,543.62, plus interest and costs;

     c. State of Kansas Withholding Tax Lien, filed Dec. 24, 2012
at 13-ST-3719, against JMMT Inc. and James Mies, in the amount of
$10,487.34, plus interest and costs;

     d. State of Kansas Withholding Tax Lien, filed Feb. 18, 2014
as 14-ST-572, against JMMT Inc., Mary N. Capps and James M. Mies,
in the amount of $10,166.83, plus interest and costs;

     e. Federal Tax Lien recorded May 29, 2018 as DOC#FLM-PG:
29772720 against James M. Mies and Mary N Capps in the amount of
$12,104.26, and any other amounts due thereunder;

     f. Federal Tax Lien recorded May 29, 2018 as DOC#FLM-PG:
29772721 against James M. Mies and Mary N Capps in the amount of
$12,104.26, and any other amounts due thereunder;

     g. Federal Tax Lien recorded Aug. 21, 2018 as DOC#FLM-PG:
29793665 against James M. Mies in the amount of $216,732.96, and
any other amounts due thereunder;

     h. Federal Tax Lien recorded Aug. 21, 2018 as DOC#FLM-PG:
29793666 against James M. Mies in the amount of $216,732.96, and
any other amounts due thereunder;

     i. Federal Tax Lien recorded April 2, 2019 as DOC#FLM-PG:
29838379 against James M. Mies and Mary N. Capps in the amount of
$52,548.05, and any other amounts due thereunder;

     j. Federal Tax Lien recorded April 2, 2019 as DOC#FLM-PG:
29838380 against James M. Mies and Mary N. Capps in the amount of
$52,548.05, and any other amounts due thereunder;

     k. Federal Tax Lien recorded April 26, 2019 as DOC#FLM-PG:
29843598 against James M. Mies in the amount of $84,287.93, and any
other amounts due thereunder;

     l. Federal Tax Lien recorded April 26, 2019 as DOC#FLM-PG:
29843599 against James M. Mies in the amount of $84,287.93, and any
other amounts due thereunder; and

     m. State of Kansas Withholding Tax Lien, filed May 28, 2019 as
19-ST-2387, against James M. Mies and Mary N. Capps, in the amount
of $21,294.31, plus interest and costs.

From the proceeds of the sale, the Court authorizes the payment of
the following:

      a. The Debtor's share of the general taxes and assessments
attributable to the Real Estate for fiscal year 2020 and prior,
plus 2021 real estate taxes prorated to the date of closing, plus
any other amounts related thereto;

      b. The Debtor's share of the closing expenses for title
insurance, recording and other related fees;

      c. Six percent of the gross sale proceeds to the Debtor's
real estate broker;

      d. Internal Revenue Service on its Class 1 secured claim in
the Debtor's First Amended Plan filed June 30, 2020 and confirmed
by Order entered on Aug. 26, 2021; and

      e. The remaining balance of the sale proceeds to be delivered
to the Debtor as the proceeds of his exempt homestead.

James M. Mies sought Chapter 11 protection (Bankr. D. Kan. Case No.
19-11935) on Oct. 8, 2019. The Debtor tapped Mark J. Lazzo, Esq.,
as counsel.



KATERRA INC: Ex-Clients Demands $1 Million Payment Error Return
---------------------------------------------------------------
Vince Sullivan of Law360 reports that a former client of
construction firm Katerra Inc. told a Texas bankruptcy judge late
Wednesday, October 6, 2021, that it inadvertently wired more than
$1 million to the company last month and asked the court to order
the debtor to return the money, which it needs to continue a
construction project.

In a motion, The Ericsson Apartments LP said it intended to wire a
payment of about $1 million to the construction contractor that
replaced Katerra on an Ohio renovation project, but that it
mistakenly used old transfer information to make the payment, which
went to Katerra instead.

                        About Katerra Inc.

Based in Menlo Park, Calif., Katerra Inc. is a Japanese-funded,
American technology-driven offsite construction company.  Katerra
was founded in 2015 by Michael Marks, former chief executive
officer of Flextronics and former Tesla interim CEO, along with
Fritz Wolff, the executive chairman of The Wolff Co. It offers
technology-driven design, manufacturing, and assembly solution for
bathroom pods, door and window, furniture, and modular utility
systems.

Katerra and its affiliates sought Chapter 11 protection (Bankr.
S.D. Tex. Lead Case No. 21-31861) on June 6, 2021. In its petition,
Katerra disclosed assets of between $500 million and $1 billion and
liabilities of between $1 billion and $10 billion.

Judge David R. Jones oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP and Jackson Walker, LLP as
bankruptcy counsel; Houlihan Lokey Capital, Inc. as investment
banker; Alvarez & Marsal North America, LLC as financial and
restructuring advisor; and KPMG, LLP as a tax consultant.  Prime
Clerk LLC is the claims and noticing agent.

The official committee of unsecured creditors tapped Fox
Rothschild, LLP, as counsel; and FTI Consulting, Inc., as financial
advisor.

Weil, Gotshal & Manges LLP is counsel for SB Investment Advisers
(UK) Limited, DIP lender.

                            *    *    *

Katerra in early August 2021 won court approval to sell factories
in Washington State and California for a total of $71 million. Blue
Varsity LLC, a wholly-owned subsidiary of Mercer International
Inc., purchased Katerra's cross-laminated timber factory in
Spokane, Wash. Volumetric Building Companies, a Philadelphia-based
construction company, agreed to buy Katerra's two-year-old factory
in Tracy, Calif.


KNOW LABS: Extends Maturity of Convertible Promissory Notes to 2022
-------------------------------------------------------------------
Know Labs, Inc. approved amendments to the convertible redeemable
promissory notes with Ronald P. Erickson and J3E2A2Z, extending the
due dates to March 31, 2022.

                          About Know Labs

Know Labs, Inc., was incorporated under the laws of the State of
Nevada in 1998.  Since 2007, the Company has been focused primarily
on research and development of proprietary technologies which can
be used to authenticate and diagnose a wide variety of organic and
non-organic substances and materials.  The Company's Common Stock
trades on the OTCQB Exchange under the symbol "KNWN."

Know Labs reported a net loss of $13.56 million for the year ended
Sept. 30, 2020, compared to a net loss of $7.61 million for the
year ended Sept. 30, 2019.  As of June 30, 2021, the Company had
$14.03 million in total assets, $7.82 million in total current
liabilities, $205,633 in total non-current liabilities, and $6
million in total stockholders' equity.

BPM LLP, in Walnut Creek, California, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
Dec. 29, 2020, citing that the Company has sustained a net loss
from operations and has an accumulated deficit since inception.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


LAREDO PETROLEUM: S&P Alters Outlook to Positive, Affirms 'B-' ICR
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on Laredo
Petroleum Inc., an Oklahoma-based exploration and production (E&P)
company, and revised the outlook to positive from stable.

At the same time, S&P affirmed its 'B' issue-level and '2' recovery
ratings on the company's senior unsecured notes.

S&P said, "The positive outlook reflects the likelihood that we
could raise the rating over the next 12 months if Laredo
demonstrates its ability to efficiently integrate and operate its
newly acquired assets, while maintaining adequate liquidity and
appropriate credit measures for the rating. We expect funds from
operations (FFO) to debt of about 35% and positive free operating
cash flow over the next 12-24 months."

Recent acquisitions increase Laredo's weighting to oil and improve
its future drilling inventory in the Permian Basin.

Laredo closed on its $715 million acquisition of Howard County,
Texas, assets from Sabalo Energy LLC during the third quarter of
2021 and expects to close on its $230 million acquisition of
western Glasscock County, Texas, assets from Pioneer Natural
Resources during the fourth quarter. Laredo is funding the
transactions with a combination of cash ($775 million) and equity
($170 million), with the cash portion supplemented by Laredo's $405
million sale of a working interest in a portion of its legacy
assets to Sixth Street Partners LLC, which also closed during the
third quarter. Overall, the transactions will increase the
company's production weighting to crude oil from 31% in the second
quarter of 2021 to about 50% by mid-2022. S&P said, "We expect this
to drive improved profitability going forward, provided the company
can integrate and operate its new properties in a capital-efficient
manner. We expect total production volumes to decline by 8%-10% to
about 80,000 barrels of oil equivalent (boe) per day in 2021 and
remain flat in 2022; however, we expect oil production will
increase by about 15% in 2021 and by about 20% in 2022, assuming
Laredo will focus activity on the development of its new
properties. With the addition of about 400 gross drilling
locations, we estimate Laredo has about seven years of future
drilling inventory, assuming it maintains its current two rig and
one completion crew program."

Improved credit measures under S&P Global Ratings' revised
commodity price assumptions support our positive outlook.

S&P said, "We raised our price assumptions for WTI oil to $70 per
barrel (bbl) in the remainder of 2021 and $60/bbl in 2022, from
$60/bbl and $55/bbl, respectively. In addition, we raised our price
assumptions for Henry Hub natural gas to $4.50 per million British
thermal units (mmBtu) in the remainder of 2021, $3.50/mmBtu in
2022, and $3.00/mmBtu in 2023, from $3.50/mmBtu, $3.00/mmBtu, and
$2.50/mmBtu, respectively. As a result of this, combined with the
company's higher exposure to oil, we expect credit measures to show
a modest improvement, including FFO to debt of about 35% and debt
to EBITDA of about 2.25x over the next 12-24 months. We anticipate
Laredo will generate a modest amount of positive free operating
cash flow (FOCF) in 2021 and 2022, which we anticipate the company
will use primarily to repay borrowings on its reserve-based lending
(RBL) credit facility.

"The positive outlook reflects our view that Laredo's leverage
metrics will strengthen over the next 12-24 months as it benefits
from a higher oil cut in its production mix following its recent
transactions and strengthening commodity prices, which we expect
will enable it to generate positive FOCF. We expect the company's
FFO to debt to average about 35% over the next 12 months.

"We could revise our outlook to stable if credit measures weakened,
such that FFO to debt fell below 30% for a sustained period, which
would most likely occur if commodity prices weakened below our
current expectations, or if the costs of integrating and operating
its recently acquired assets were higher than anticipated,
resulting in weaker profitability or negative FOCF.

"We could raise our rating on Laredo if the company can demonstrate
the efficient integration of its newly acquired assets in Howard
and Glasscock counties, while maintaining costs and improving its
overall profitability. In addition, the company would have to
maintain adequate liquidity and FFO to debt of at least 30%."



LEGACY HALL: Plan to be Funded by Property Sale Proceeds
--------------------------------------------------------
Legacy Hall LLC filed with the U.S. Bankruptcy Court for the
District of Columbia an Amended Disclosure Statement describing a
Chapter 11 Plan dated October 5, 2021.

The Debtor, Legacy Hall LLC is a limited liability company
organized under the laws of the District of Columbia. Debtor's sole
substantial capital asset is the property and improvements located
at 2549, 2551, and 2553 Alabama Avenue, SE, Washington, DC 20020
(collectively the "Property").

Debtor holds the Property subject to the Deeds of Trust held by the
DOT Creditors. Due to the pandemic and inherent business problems
related to development, the Debtor has fallen behind on the various
deeds of trust held by the DOT Creditors. Some of the DOT Creditors
initiated foreclosure actions in the District of Columbia Superior
Court. The Debtor filed this bankruptcy case to reorganize its
business.

Due to the pandemic and inherent business problems related to
development, the Debtor has fallen behind on the various deeds of
trust held by the DOT Creditors. Some of the DOT Creditors
initiated foreclosure actions in the District of Columbia Superior
Court. The Debtor filed this bankruptcy case to reorganize its
business.

The Plan divides the various claims and interests into six classes:
(1) the claim of the Lender, WCP Fund; (2) the claim of the Lender,
Peer Street; (3) the claim of the Lender, FCI Shellpoint Mortgage;
(4) the claims of all post-petition, pre confirmation
(administrative expense) creditors; (5) the claims of taxing
authorities, including the Internal Revenue Service and the
District of Columbia; and (6) the interests of all equity security
holders of the Debtor.

The Plan will treat claims as follows:

     * Class #1: The Plan provides that the amount due in the POC
#1 shall be paid in full from the auction sale proceeds of the sale
of the 2551 Alabama Avenue, SE, Washington, DC 20020.

     * Class #2: The Plan provides that the amount due to Peer
Street shall be paid in full from the auction sale proceeds of the
sale of 2553 Alabama Avenue, SE, Washington, DC 20020.

     * Class #3: The Plan provides that the amount due to
FCI-Shellpoint Mortgage shall be paid in full from the auction sale
proceeds of the sale of 2549 Alabama Avenue, SE, Washington, DC
20020.

     * Class #4: The Plan provides that the claims of all
post-petition, pre-confirmation administrative expense creditors
that arise in the ordinary course of the Debtor's business affairs
will be paid when due. All other administrative-expense claims, as
allowed and entitled to priority under 11 U.S.C. § 507(a)(1) will
be paid in full on the Effective Date except to the extent that any
holder of such a claim agrees to some other treatment.

     * Class #5: The Plan provides that the amount of taxes due to
the Internal Revenue Service, real estate taxes, liens, and other
municipal charges be paid from the Auction Sale of the Property.

     * Class #6: The Plan provides that any amount beyond the Class
1-5 claims will go to the Members of the Debtor.

The Debtor anticipates selling the Property at the Auction Sale for
over $1,000,000. The Proof of Claim for WCP Fund shows a debt of
$242,448.62. The remaining DOT Creditors, while they have not filed
proofs of claim, are owed approximately $475,000.00.

The Debtor anticipates settlement expenses in the Auction Sale of
real estate taxes in the amount of, at least, $33,000.00, the
Property municipal liens and water bills of, at least, $5,000.00.
The Debtor will also be responsible for its part in transfer taxes
of 1.45% of the Auction Sale price. The Title Company will be
responsible, with the full cooperation of the Debtor, to payoff all
DOT Creditors, liens, and other costs associated with the transfer
of the Property.

The Debtor believes the hiring of Alex Cooper Auctioneers, Inc. and
their reputation in the marketplace will allow for funding of the
Plan by way of the Auction Sale of the Property. The Property has
been described as a prime development parcel and will likely bring
many bidders to the Auction Sale.

A full-text copy of the Amended Disclosure Statement dated October
5, 2021, is available at https://bit.ly/2WTWte6 from
PacerMonitor.com at no charge.

Attorney for Debtor:

     Daniel A. Staeven, Esq.
     Frost & Associates, LLC
     1050 Connecticut Ave NW #500
     Washington, DC 20036
     Phone: +1 202-618-1873
     Email: daniel.staeven@frosttaxlaw.com

                    About Legacy Hall LLC

Legacy Hall LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D.D.C. Case No. 21-00164)
on June 15, 2021. At the time of filing, the Debtor had between
$500,001 and $1 million in both assets and liabilities.  Judge
Elizabeth L Gunn presides over the case.  Daniel Staeven, Esq., at
Frost & Associates, LLC, is the Debtor's legal counsel.


LOVE BITES: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Love Bites by Carnie, Inc.
        15028 SW Century Dr., Ste 200
        Sherwood, OR 97140   

Business Description: Love Bites by Carnie, Inc. manufactures
                      sugar and confectionery products.

Chapter 11 Petition Date: October 11, 2021

Court: United States Bankruptcy Court
       District of Oregon

Case No.: 21-32073

Judge: Hon. David W. Hercher

Debtor's Counsel: Douglas R. Ricks, Esq.
                  VANDEN BOS & CHAPMAN, LLP
                  319 SW Washington
                  Suite 520
                  Portland, OR 97204
                  Tel: 503-241-4869
                  Fax: 503-241-3731
                  E-mail: doug@vbcattorneys.com

Total Assets: $721,448

Total Liabilities: $3,635,699

The petition was signed by Tiffany Miller as CEO.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/C2KUV5A/Love_Bites_by_Carnie_Inc__orbke-21-32073__0008.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/ST7LGTY/Love_Bites_by_Carnie_Inc__orbke-21-32073__0001.0.pdf?mcid=tGE4TAMA


LOVES FURNITURE: Court Okays Disclosures & Confirms Plan
--------------------------------------------------------
Judge Thomas J. Tucker entered on order confirming the First
Amended Chapter 11 Plan of Loves Furniture, Inc, as amended.

The Court granted final approval of the Disclosure Statement, as
amended.

Section 1.2.39 of the Plan is deleted and replaced by the
following: 1.2.39 "Exculpated Party" means the following parties,
but only in their capacity as fiduciaries of the estate, and only
for conduct arising after the Petition Date and prior to the
Effective Date: the Debtor, the Committee or any of their
respective equity holders (regardless of whether such interests are
held directly or indirectly), independent contractors, members of
the Committee, employees, successors or assigns, each in their
capacity as such.

Section 10.4 of the Plan is deleted and replaced by the following:
10.4 EXCULPATION: The Plan provisions on exculpation bars claims
against any Exculpated Party that are based on conduct after the
Petition Date and prior to the Effective Date of the Plan by the
Exculpated Party in connection with the Chapter 11 Case only if
such conduct is determined not to have been a breach of fiduciary
duty, gross negligence or willful misconduct.

10.4.1 For clarity, nothing contained in the Plan, the Plan
Supplement or this Confirmation Order bars pursuit of any claim
against any Exculpated Party based on (i) prepetition conduct, (ii)
post-petition conduct that is a breach of fiduciary duty, gross
negligence or willful misconduct, or (iii) post-petition conduct
unrelated to the Chapter 11 Case.

10.4.2 Notwithstanding anything to the contrary contained in the
Confirmation Order, the Plan or the Plan Supplement, the
exculpation provisions of the Plan shall not exculpate any person
or entity on account of any guaranty, and the exculpation
provisions of the Plan shall not prejudice any claims, rights or
remedies of any creditor pursuant or related to any guaranty or
against any guarantor.

10.4.3 The exculpation provisions shall not bar any claims of any
kind or nature against any attorneys.

10.4.4 The exculpation provisions do not bind any taxing authority.


     Under Paragraph 7.1 of the Consulting Agreement, prior to the
time that the Agent is required to remit to the Debtor the Profits
of the Sale (as defined in the Consulting Agreement), the Agent is
entitled to an agreement from the Debtor that the amount to be
distributed is the correct amount, and that the Agent is released
from any and all liability under the terms of the Consulting
Agreement.

Section 4.6 is deleted and replaced by the following:

     4.6.1 Class 6 consists of the Allowed Secured Claim of TD
Bank, N.A. ("TD Bank"). This claim is Allowed in the amount of
$1,100,000. On the Effective Date, TD Bank shall be entitled to set
off its Allowed Secured Claim against the Reserve Fund established
by, and in the possession and control of, TD Bank. Upon submission
of appropriate wire instructions and a W-9 form by the Liquidating
Trustee, TD Bank agrees that the balance of the Reserve Fund
($369,028.16) shall be paid to the Liquidating Trustee by wire
transfer simultaneously with such setoff. Following TD Bank's
setoff, TD Bank shall have an Allowed Unsecured claim in the amount
of $1,168,108.23 which will be treated as an Allowed Class IX
Claim. Except as to the obligation to pay the balance of the
Reserve Fund, on the Effective Date, the Debtor, the estate and the
Liquidating Trust will automatically and without any further
documentation will waive and release any claims that the Debtor,
its estate or the Liquidating Trust may have against TD Bank of any
kind or nature (including, but not limited to, avoidance actions,
and any claims described in, or reserved by the Disclosure
Statement) known or unknown, actual or contingent, whether based in
contract or tort, arising out of or touching upon any fact,
circumstance, representation, act or agreement.

     4.6.2 The Secured Claim of TD Bank is Impaired and, provided
that there is no modification of Section 4.6.1 set forth above, nor
any other change adverse to TD Bank, TD Bank's Allowed Class VI
Secured Claim is determined to have voted to accept the Plan.

Penske is oversecured under the Plan.

All claims of Penske related to the Debtor, and all claims of the
Debtor related to Penske are preserved. All of the Debtor's claims
against Penske are automatically assigned to the Liquidation Trust,
and the Liquidation Trustee will have the full authority to
litigate against, or settle with Penske regarding the amount of
Penske's Claim and its status as a Secured Claim.

The following settlement between STORE and the Debtor relating to
Debtor's Master Lease with STORE is ratified in and incorporated in
the Plan and this Confirmation Order:

     a. The terms set forth in this section are effective March 1,
2021. Until that date, the Master Lease continued in full force as
it existed on the Petition Date.

     b. The Debtor maintained occupancy of the locations at the
total rental rates, triple net.

     c. Under the Final Order Granting Debtor's Emergency Motion
For Entry of Order Authorizing (A) Use of Cash Collateral Pursuant
to 11 U.S.C. §363, (B) Permitting Use of Inventory Potentially
Subject to Security Interests and Liens and Preventing Interference
With Such Use; and (C) Granting of Superpriority Claims and
Adequate Protection On A Final Basis, as amended (the "Cash
Collateral Order") STORE initially received adequate protection
equal to 50% of the Debtor's Inventory Payment and the Debtor's
share of the Sale Profit received by the Debtor from the Agent
under the Consulting Agreement and the Consulting Order from the
sales at the following locations:

     a. Shelby Township, MI (Lakeside)
     b. Taylor, MI
     c. Howell, MI
     d. Royal Oak, MI (Woodward Ave.)
     e. Portage, MI (Kalamazoo)

Planned Furniture Promotions, Inc. ("PFP") has an allowed secured
claim in the amount of $2,225,500.00. The Debtor and PFP
acknowledge and agree that the Debtor is entitled to payment of the
net proceeds of the Square One and Loves 2 sales; provided however
that PFP is entitled to payment of the full amount of its Allowed
Secured Claim from the net proceeds of the Square One and Loves 2
sales before any remaining amounts are paid to the Debtor, the
estate, the Liquidating Trust or the Liquidating Trustee, and
notwithstanding anything herein, nothing will affect or impair
PFP's rights to setoff or recoupment. Upon entry of this Order, PFP
is authorized to effectuate the setoff of the full amount of its
Allowed Secured Claim.

Section II.A.1, second full paragraph of the Disclosure Statement
is revised to correct a misstatement, and is deleted and replaced
with the following:

     "The Store Closing Order also provided for the Agent's payment
of the Agent Advance, a $2,500,000 advance payment of the Debtor's
share of the proceeds of the Sales which allowed the Debtor to pay
necessary administrative expenses, including payroll, as well as
$200,000 as an Augment Fee (as that term is defined in the Store
Closing Order), which pursuant to Paragraph 3.3(b) of the
Consulting Agreement, was for the purpose of fulfilling Pre-Sale
Customer Orders. The Plan is not intended to alter in any way the
terms of repayment of the Agent Advance or the Augment Fee."

A new Section 5.6.3 is added to the Plan, which reads:

     5.6.3 Notwithstanding any provisions herein, in the
Confirmation Order, or in the Liquidating Trust Agreement, all
Avoidance Actions arising under Section 547 of the Bankruptcy Code
against suppliers of goods and services and all lessors of real
property, to the Debtor are waived. The Liquidation Trustee shall
not pursue any such claims against such parties. For the avoidance
of doubt, all Avoidance Actions against insiders, Affiliates or
against any party that did not provide goods and services or leases
of real property to the Debtor that may exist under Section 547 of
the Bankruptcy Code are preserved, and the Liquidation Trustee may
pursue such claims. Under this Section, loans and advances are not
goods or services.

                     About Loves Furniture

Loves Furniture Inc. -- http://www.lovesfurniture.com/-- is a
furniture retailer that sells furniture, mattresses, home decor and
appliances. It conducts business under the name Loves Furniture and
Mattresses.

Loves Furniture sought Chapter 11 protection (Bankr. E.D. Mich.
Case No. 21-40083) on Jan. 6, 2021.  The Debtor was estimated to
have $10 million to $50 million in assets and liabilities at the
time of the filing.

Judge Thomas J. Tucker oversees the case.

The Debtor tapped Butzel Long, A Professional Corporation, led by
Max J. Newman, Esq., as legal counsel; B. Riley Advisory Services
as financial advisor; and Stretto as claims and noticing agent.

On Jan. 14, 2021, the U.S. Trustee for Region 9 appointed an
official committee of unsecured creditors.  The committee tapped
Foley & Lardner LLP as its legal counsel and Conway Mackenzie, LLC
as its financial advisor.


MACERICH COMPANY: Egan-Jones Keeps BB+ Senior Unsecured Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 9, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Macerich Company.

Headquartered in Santa Monica, California, Macerich Company is a
fully integrated self-managed and self-administered real estate
investment trust.



MARATHON PETROLEUM: Egan-Jones Keeps BB Senior Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 10, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Marathon Petroleum Company LP.

Headquartered Findlay, Ohio, Marathon Petroleum Company LP provides
oil refining, marketing, and pipeline transportation services.



MBIA INC: Egan-Jones Keeps CCC Senior Unsecured Ratings
-------------------------------------------------------
Egan-Jones Ratings Company, on September 13, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by MBIA Inc. EJR also maintained its 'C' rating on
commercial paper issued by the Company.

Headquartered in Purchase, Harrison, New York, MBIA Inc. provides
financial guarantee insurance and other forms of credit
protection.



MEDLEY LLC: Court Okays Plan Despite Regulators' Objections
-----------------------------------------------------------
Vince Sullivan of Law360 reports that the Chapter 11 plan of asset
management firm Medley LLC received approval Thursday, October 7,
2021, from a Delaware bankruptcy judge who overruled objections
from federal regulators concerning the flow of funds in the
debtor's business organization.

U.S. Bankruptcy Judge Karen B. Owens issued her ruling during a
videoconference hearing, saying that a compensation program for
employees of nondebtor Medley subsidiaries would provide clear
benefits to the debtor and doesn't implicate funds that would
otherwise be available for Medley's creditors.  The compensation
program drew objections from the Office of the United States
Trustee and the U. S. Securities and Exchange Commission.

                        About Medley LLC

Medley LLC, through its direct and indirect subsidiaries, including
Medley Capital LLC, is an alternative asset management firm
offering yield solutions to retail and institutional investors.  It
provides investment management services to a permanent capital
vehicle, long-dated private funds, and separately managed accounts,
and serves as the general partner to the private funds. Medley is
headquartered in New York City and incorporated in Delaware.

As of Sept. 30, 2020, Medley had $3.4 billion of assets under
management in two business development companies, Medley Capital
Corporation (NYSE: MCC) and Sierra Income Corporation, and several
private investment vehicles. Over the past 18 years, Medley has
provided capital to over 400 companies across 35 industries in
North America.

Medley filed a Chapter 11 bankruptcy petition (Bankr. D. Del. Case
No. 21-10526) on March 7, 2021.  The Debtor disclosed $5,422,369 in
assets and $140,752,116 in liabilities as of March 2, 2021.

The Debtor tapped Lowenstein Sandler LLP and Morris James LLP as
bankruptcy counsel, Eversheds Sutherland (US) LLP as special
counsel, B. Riley Securities Inc. as investment banker, and
Andersen Tax LLC as tax accountant.  Corporation Service Company
serves as the Debtor's independent manager.  Kurtzman Carson
Consultants, LLC is the claims agent.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors on April 22, 2021.  The committee is
represented by Potter Anderson & Corroon, LLP and Kelley Drye &
Warren, LLP.




MERITOR INC: Egan-Jones Hikes Senior Unsecured Ratings to BB
------------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Meritor, Inc. to BB from BB-.

Headquartered in Troy, Michigan, Meritor, Inc. manufactures
automobile components for military suppliers, trucks, trailers, and
specialty vehicles.



METLIFE INC: Egan-Jones Keeps BB+ Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 16, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by MetLife, Inc.

Headquartered in New York, New York, MetLife, Inc. provides
individual insurance, employee benefits, and financial services
with operations throughout the United States and the regions of
Latin America, Europe, and Asia Pacific.



MICROCHIP TECHNOLOGY: Egan-Jones Keeps B+ Senior Unsecured Ratings
------------------------------------------------------------------
Egan-Jones Ratings Company, on September 9, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Microchip Technology Incorporated.

Headquartered in Chandler, Arizona, Microchip Technology
Incorporated designs, manufactures, and markets microcontrollers,
related mixed-signal and memory products, and application
development systems for high-volume embedded control applications.



MONITRONICS INTERNATIONAL: S&P Affirms 'B-' ICR on Refinancing
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on
Farmers Branch, Texas-based U.S. alarm monitoring company
Monitronics International Inc. (doing business as Brinks Home
Security). S&P also assigned its 'B+' issue-level and '1' recovery
ratings (rounded estimate: 95%) to the super-priority term loan and
'B-' issue-level and '3' recovery ratings (rounded estimate: 50%)
to the senior secured notes facility. The super-priority revolver
remains unrated.

The negative outlook incorporates the uncertainty regarding the
company's ability to leverage its large operating and subscriber
base over the next year, in order to grow into its capital
structure.

S&P said, "The refinancing alleviates covenant pressures and
improves our view of liquidity. We previously considered
Monitronics' liquidity to be less than adequate in large part due
to a tight financial covenant setting maximum senior secured debt
to recurring monthly revenue (RMR) at 30x, which could have limited
access to the revolving credit facility. Though not finalized at
the time of publishing, we expect this refinancing to loosen the
company's financial covenants such that Monitronics maintains a 15%
cushion under its limits in our forecast over the next year. While
we expect higher interest expense to offset lower annual
amortization payments, we now view the company's liquidity position
as adequate as a result of the expanded covenant cushions, higher
cash balance and increased revolver availability.

"We expect leverage to approach 9x following this transaction
before moderating to around 6x in 2022. Brinks Home will use
proceeds to repay its existing $150 million super-priority term
loan due in 2024 and $808 million outstanding under its take-back
senior secured term loan facility due in 2024, repay $59 million
outstanding under its super-priority revolving credit facility due
in 2024, add $154 million cash to the balance sheet, and pay
approximately $30 million in transaction-related expenses. This
transaction pushes the next major debt maturity to 2025. We expect
pro forma leverage to increase meaningfully to the high-8x area in
2021 from 5x in 2020, largely due to one-time expenses related to
acquisitions, 3G radio conversion, and refinancing costs then
decline to the high-5x to low-6x range in 2022."

Operating performance trends are encouraging, yet uncertainty
remains on execution. Brinks Home continues to execute on its
strategic plan to manage costs and improve economics of its
subscriber base, however, in S&P's view there remains some
uncertainty on the path to consistent free cash flow generation.
Operational initiative investments, costs related to the sunset of
the 3G network and expected marketing spending as it embarks on
improving awareness to drive customer growth, will all be a drag on
cash flow over the near term.

The recently announced partnership with AT&T Digital Life--a
program to facilitate the transition of Digital Life customers from
3G systems that will sunset over the next two years--allows Brinks
Home the exclusive opportunity to convert 190,000 customers. While
elevated subscriber acquisition costs continue to plague this
industry, they are significantly lower for this initiative than for
Brinks Home's traditional channels (dealer, and direct to
consumer). The program provides tailwinds to Brinks Home's business
as it looks to increase its scale by acquiring customers in an
efficient manner, compared to its prior strategy that centered
around bulk account purchases.

Despite the 1.1% quarterly decline in revenue on a sequential
basis, Brinks Home continues to provide encouraging momentum as
company-adjusted EBITDA increased 4% over last year as a result of
cost efficiencies driven in part by the integration of Select
America and efficiencies in its Field Service costs for the quarter
ended June 30, 2021. Key performance indicators such as unit
attrition and RMR core attrition continue to trend positively,
displaying 10 basis points (bps) and 80 bps improvement on a
sequential basis respectively, ending the quarter at 14.3% and 14%.
The increasing new account average revenue per user (ARPU)
highlights the benefits of Brinks Home's consumer financing
program, which has increased the initial equipment spending by
customers given the proliferation of smart home security devices
and smart home automation solutions. This is also expected to drive
more stickiness within the customer cohort.

The negative outlook incorporates the uncertainty regarding the
company's ability to leverage its large operating and subscriber
base over the next year, in order to grow into its capital
structure.

S&P could lower the rating over the next six to 12 months if it
believes the capital structure is no longer sustainable and there
is an increasing likelihood of a distressed restructuring or
covenant breach. This could occur if Monitronics experiences:

-- Less than 10% cushion across any of its financial maintenance
covenants;

-- Total liquidity (balance sheet cash plus revolver availability)
falls below $50 million;

-- An inability to improve RMR attrition levels; or

-- Sustained negative free operating cash flow (FOCF) stemming
from weaker-than-expected operating performance or
greater-than-expected business investments or customer acquisition
spending.

S&P Said, "While unlikely over the next six to 12 months, we could
revise the outlook to stable if Monitronics outperforms our
base-case assumptions. This includes consistent revenue growth from
improved subscriber economics and key performance indicators
including Unit and RMR attrition rates such that the company would
maintain positive FOCF to debt over our forecast period."



MOON GROUP: Committee Taps Gavin/Solmonese as Financial Advisor
---------------------------------------------------------------
The official committee of unsecured creditors of Moon Group, Inc.
and its affiliates seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to employ Gavin/Solmonese, LLC as its
financial advisor.

The firm's services include:

   a) reviewing and analyzing the business, management, operations,
properties, financial condition and prospects of the Debtors;

   b) reviewing and analyzing historical financial performance and
transactions between and among the Debtors, creditors, affiliates
and other entities;

   c) reviewing the assumptions underlying the business plans and
cash flow projections for the assets involved in any potential
asset sale or plan of reorganization;

   d) determining the reasonableness of the actual or projected
performance of the Debtor, both historically and future;

   e) monitoring, evaluating and reporting to the committee with
respect to the Debtors' near-term liquidity needs, material
operational changes and related financial and operational issues;

   f) reviewing and analyzing all material contracts and
agreements;

   g) assisting and procuring and assembling any necessary
validations of asset values;

   h) providing ongoing assistance to the committee and its legal
counsel;

   i) evaluating the Debtors' capital structure and making
recommendations to the committee with respect to the Debtors'
efforts to reorganize their business operations and confirm a
restructuring or liquidating plan;

   j) assisting the committee in preparing documentation required
in connection with creating, supporting or opposing a Chapter 11
plan and participating in negotiations with the Debtor or any
groups affected by the plan;

   k) assisting the committee in marketing the Debtors' assets;

   l) providing ongoing analysis of the Debtors' financial
condition, business plans, capital spending budgets, operating
forecasts, management and the prospects for their future
performance; and

   m) other necessary financial advisory services.

Gavin/Solmonese will be paid at hourly rates ranging from $250 to
$750.  The firm will also receive reimbursement for out-of-pocket
expenses incurred.

Stanley Mastil, a partner at Gavin/Solmonese, disclosed in a court
filing that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Stanley Mastil
     Gavin/Solmonese LLC
     919 N. Market Street, Suite 600
     Wilmington, DE 19801
     Office: (302) 655-8997
     Mobile: 215.704.2344
     Fax: (302) 655-6063
     Email: stanley.mastil@gavinsolmonese.com

                       About Moon Group Inc.

Moon Group, Inc. and its affiliates filed their voluntary petitions
for Chapter 11 protection (Bankr. D. Del. Lead Case No. 21-11140)
on Aug. 12, 2021, listing up to $50,000 in assets and up to $50
million in liabilities. John D. Pursell, Jr., chief executive
officer, signed the petitions.

Judge Christopher S. Sontchi oversees the cases.

The Debtors tapped Sullivan Hazeltine Allinson, LLC and Kurtzman
Steady, LLC as bankruptcy counsel; Silverang Rosenzweig & Haltzman,
LLC as special litigation counsel; and SC&H Group, Inc. as
investment banker. Stretto is the claims and noticing agent.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors on Aug. 30, 2021.  Lucian Borders Murley, Esq.,
at Saul Ewing Arnstein & Lehr, LLP and Gavin/Solmonese, LLC serve
as the committee's legal counsel and financial advisor,
respectively.


MOON GROUP: Committee Taps Saul Ewing Arnstein & Lehr as Counsel
----------------------------------------------------------------
The official committee of unsecured creditors of Moon Group, Inc.
and its affiliates seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to employ Saul Ewing Arnstein & Lehr,
LLP as its legal counsel.

The firm's services include:

   (a) advising the committee with respect to its rights, duties
and powers in the Debtors' Chapter 11 cases;

   (b) assisting the committee in its communications with the
Debtors relative to the administration of the cases;

   (c) assisting the committee in analyzing the claims of creditors
and the Debtors' capital structure and in negotiating with holders
of claims and equity interests;

   (d) assisting the committee in its investigation of the acts,
conduct, assets, liabilities and financial condition of the Debtors
and of the operation of their business;

   (e) assisting the committee in its investigation of the liens
and claims of the holders of the Debtors' pre-bankruptcy debt and
the prosecution of any claims or causes of action revealed by such
investigation;

   (f) assisting the committee in its analysis of, and negotiations
with, the Debtors or any third party concerning matters related to,
among other things, financing and use of cash collateral, the
assumption or rejection of nonresidential real property leases and
executory contracts, asset dispositions, sale of assets, financing
of other transactions and the terms of one or more plans of
reorganization for the Debtors;

   (g) advising the committee as to its communications to unsecured
creditors regarding significant matters in the Chapter 11 cases;

   (h) representing the committee at hearings and other
proceedings;

   (i) reviewing and analyzing applications, orders, statements of
operations and bankruptcy schedules filed with the court and
advising the committee as to their contents;

   (j) assisting the committee in preparing legal papers; and

   (k) performing other necessary legal services.

The hourly rates charged by the firm are as follows:

     Partners       $545 per hour
     Associates     $290 to $345 per hour

The firm will also be reimbursed for out-of-pocket expenses
incurred.

Lucian Murley, Esq., a partner at Saul Ewing Arnstein & Lehr,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Lucian B. Murley, Esq.
     Saul Ewing Arnstein & Lehr LLP
     1201 N. Market Street, Suite 2300
     Wilmington, DE 19899
     Tel: (302) 421-6840
     Email: luke.murley@saul.com

                       About Moon Group Inc.

Moon Group, Inc. and its affiliates filed their voluntary petitions
for Chapter 11 protection (Bankr. D. Del. Lead Case No. 21-11140)
on Aug. 12, 2021, listing up to $50,000 in assets and up to $50
million in liabilities. John D. Pursell, Jr., chief executive
officer, signed the petitions.

Judge Christopher S. Sontchi oversees the cases.

The Debtors tapped Sullivan Hazeltine Allinson, LLC and Kurtzman
Steady, LLC as bankruptcy counsel; Silverang Rosenzweig & Haltzman,
LLC as special litigation counsel; and SC&H Group, Inc. as
investment banker. Stretto is the claims and noticing agent.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors on Aug. 30, 2021.  Lucian Borders Murley, Esq.,
at Saul Ewing Arnstein & Lehr, LLP and Gavin/Solmonese, LLC serve
as the committee's legal counsel and financial advisor,
respectively.


MOON GROUP: Seeks to Hire 'Ordinary Course' Professional
--------------------------------------------------------
Moon Group, Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to employ O'Dell
Valuation Consulting CPA, LLC and Josephson & Josephson as
"ordinary course" professionals.

The Debtors need the services of O'Dell to prepare an appraisal of
the Moon Group Employee Stock Ownership Plan in order for the plan
to file its Form 5500 with the Internal Revenue Service.  The firm
will be paid at the rate of $250 per hour for the appraisal and
$325 per hour for court testimony.

Meanwhile, Josephson & Josephson will prepare an audit for the Form
5500.  The Debtor will pay $375 to $450 per hour for the services
provided by the firm's partners and $125 to $250 per hour for
staff.

The firms will also receive reimbursement for out-of-pocket
expenses incurred.

The firms can be reached at:

     O'Dell Valuation Consulting CPA LLC
     P.O. Box 1074
     Rockport, ME 04856
     Tel: (443) 480-5800

     -- and --

     Josephson & Josephson
     599 Lexington Avenue, 12th Floor, Suite 1204
     New York, NY 10022
     Tel: (212) 685-2030
     Fax: (212) 685-2150

                       About Moon Group Inc.

Moon Group, Inc. and its affiliates filed their voluntary petitions
for Chapter 11 protection (Bankr. D. Del. Lead Case No. 21-11140)
on Aug. 12, 2021, listing up to $50,000 in assets and up to $50
million in liabilities. John D. Pursell, Jr., chief executive
officer, signed the petitions.

Judge Christopher S. Sontchi oversees the cases.

The Debtors tapped Sullivan Hazeltine Allinson, LLC and Kurtzman
Steady, LLC as bankruptcy counsel; Silverang Rosenzweig & Haltzman,
LLC as special litigation counsel; and SC&H Group, Inc. as
investment banker. Stretto is the claims and noticing agent.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors on Aug. 30, 2021.  Lucian Borders Murley, Esq.,
at Saul Ewing Arnstein & Lehr, LLP and Gavin/Solmonese, LLC serve
as the committee's legal counsel and financial advisor,
respectively.


MORRIS MAILING: To Seek Plan Confirmation on Nov. 30
----------------------------------------------------
Morris Mailing, Inc., will seek confirmation of its Amended
Subchapter V Plan of Reorganization at a Zoom hearing on Nov. 30,
2021, at 1:30 p.m.  Ballots accepting or rejecting the Plan are due
Nov. 10, 2021.

The Debtor submitted an Amended Subchapter V Plan of Reorganization
on Sept. 29, 2201.  

The Plan proposes to pay creditors of Morris Mailing from cash flow
generated by operation of the business.  Non-insider, general
unsecured creditors holding allowed claims will receive quarterly
distributions, which the proponent of this Plan has valued at
approximately 10 cents on the dollar.  The unsecured portion of the
claims of Byline Bank, Zygmut Venture, Inc. and the Small Business
Administration in the amount of $1,468,031 in Class 7 and Class 8
The unsecured claims of noninsider, general unsecured creditors in
the amount of $397,791 will be paid pro rata.  Classes 7 and 8 are
impaired.

The unsecured claims of insiders in the amount of $1,030,814 in
Class 9 will receive no distribution. Class 9 is impaired.

Counsel for the Debtor:

     John F. Hiltz
     Alex J. Whitt
     HILTZ ZANZIG & HEILIGMAN LLC
     53 West Jackson Blvd., Suite 1301
     Chicago, Illinois 60604
     Telephone: 312.566.9008

A copy of the Disclosure Statement dated September 29, 2021, is
available at https://bit.ly/3F6L1wV from PacerMonitor.com.

                     About Morris Mailing

Morris Mailing, Inc., a business offering direct-mailing services
for various publishers in the Chicago area, filed a petition under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill.
Case No. 21-06416) on May 17, 2021.  In the petition signed by
Michael Morris, president, the Debtor disclosed $2,409,960 in total
assets and $4,277,484 in total liabilities as of May 12, 2021.
Judge Jacqueline P. Cox oversees the case.  Hiltz Zanzig &
Heiligman, LLC represents the Debtor as legal counsel.


MOUTHPEACE DENTAL: Unsecureds Will Get 10.3% Dividend in Plan
-------------------------------------------------------------
Mouthpeace Dental, LLC, submitted a Chapter 11 Plan and a
Disclosure Statement.

One of the key issues in this case involved the assumption, cure,
and extension of the Debtor's real property lease, which was
crucial for its ability to continue operating a dental office in
that location for the foreseeable future. The Court entered an
order authorizing assumption of the real property lease, the
payment of certain cure amounts and an additional security deposit
to the landlord, and the exercise of the Debtor's option to extend
the term of the lease an additional five years

Under the Plan, Class 6 General Unsecured Creditors totaling
$177,000 will receive a dividend of approximately 10.3% on general
unsecured claims.  The Debtor will make quarterly payments of
$650.00 over seven years, with such payments totaling $18,200.00,
which such payments being distributed pro rata to holders of
allowed General Unsecured Claims and being in full satisfaction of
such claims.

Class 7 - Subordinated General Unsecured Creditors in excess of
$650,000 would not receive any distributions on account of such
subordinated claims unless and until all other distributions
contemplated under the Plan have been made.

The cash distributions contemplated by the Plan shall be funded by
cash generated in the operation of the Reorganized Debtor's
business and by a cash infusion from the Debtor's principal for the
total sum of $50,000 on or before the Effective Date, plus
additional funding from the Debtor's principal in the amounts
necessary to pay the operating expenses of the Reorganized Debtor
and the Plan payments, if needed.

A copy of the Disclosure Statement dated Sept. 29, 2021, is
available at https://bit.ly/2WAnNy0 from PacerMonitor.com.

Attorneys for the Debtor:

     William A. Rountree
     Benjamin R. Keck
     Taner N. Thurman
     ROUNTREE LEITMAN & KLEIN, LLC
     Century Plaza I
     2987 Clairmont Road, Suite 175
     Atlanta, Georgia 30329
     Tel: (404) 584-1238
     E-mail: wrountree@rlklawfirm.com
             bkeck@rlklawfirm.com
             tthurman@rlklawfirm.com

                   About Mouthpeace Dental

Mouthpeace Dental, LLC filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
20-72289) on Dec. 3, 2020. Syretta Wells, sole shareholder, signed
the petition.  In the petition, the Debtor disclosed total assets
of up to $50,000 and total liabilities of up to $1 million.  

Judge Barbara Ellis-Monro oversees the case.  

Rountree Leitman & Klein, LLC and Carroll & Company, CPAs, P.C.,
serve as the Debtor's legal counsel and accountant, respectively.

Bank of America, N.A., as lender, is represented by:

     Beth E. Rogers, Esq.
     Rogers Law Offices
     100 Peachtree Street, Ste. 1950
     Atlanta, GA 30303
     Tel: 770-685-6320
     Fax: 678-990-9959
     Email: brogers@berlawoffice.com


MRO HOLDINGS: S&P Alters Outlook to Positive, Affirms 'B' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook on MRO Holdings Inc. (MROH)
to positive from negative and affirmed its 'B' issuer credit
rating.

The positive outlook reflects the potential that S&P could raise
the rating if the recovery in demand and margins is sustainable and
not offset by a more aggressive policy than we currently forecast.

Maintenance, repair, and overhaul (MRO) demand recovered
significantly in 2021, resulting in credit metrics improvement. MRO
demand in 2021 returned stronger than previously anticipated as
domestic air travel in the U.S., the company's primary market,
recovered over the summer to more than 80% of pre-pandemic levels.
MROH has seen a significant rebound in demand for its low-cost MRO
services and has been able to increase its billable hours, with
sales up 41% in the first half of 2021. MROH has also achieved
improved EBITDA margin aided by taking cost reduction actions,
mainly labor reductions, made during the pandemic and increased MRO
volume. As a result, we expect that debt to EBITDA will decline to
the mid-3x area for 2021 from 8x in 2020 and our previous
expectations of 5.3x. However, we believe the pace of demand growth
remains uncertain as much of the delayed maintenance has been
completed and U.S. air travel pulls back somewhat due to the delta
variant, rehiring labor to meet higher demand may affect margins,
and the company may pursue a more aggressive financial policy that
was put on hold during the pandemic. These factors result in our
expectation that debt to EBITDA could return to around 5x in 2022.

S&P said, "We expect MROH will maintain adequate liquidity. The
company is likely to generate positive free cash flow in 2021
despite higher working capital needs and capital spending to meet
demand. The company maintains a total of $37 million of various
revolvers, which are all short term in length. While these
revolvers may not be renewed, the company has been able to do so,
even during the pandemic. MROH's next debt maturity is several
years away in 2026.

"We expect MROH to return to a more aggressive financial policy as
demand recovers. Along with plans for capital spending to support
organic growth, the company could look to make acquisitions. We
also expect the company to pursue debt-financed dividends to
ownership, similar to the one completed in 2019. However, we do not
expect debt to EBITDA to exceed 5x on a sustained basis.

"The positive outlook on MROH reflects our expectation that we
could raise the ratings on the company in the next 12 months if
revenue and earnings recovery continues as expected as domestic
U.S. air travel trends back toward pre-pandemic levels. We expect
debt to EBITDA will improve significantly from about 8x in 2020 to
the mid-3x area in 2021. However, there is still some uncertainty
as to the pace of recovery and higher costs to meet the increased
demand."

S&P could raise its rating on MROH over the next 6 to 12 months if
it expects the company will maintain debt to EBITDA less than 5x.
This could occur if:

-- MRO demand continues the strong recovery shown in the first
half of 2021 supporting revenue and margins in-line with S&P's
forecast; and

-- The company does not act more aggressively with financial
policy than S&P currently expects.

S&P could revise the outlook to stable if it expects the company
will sustain debt to EBITDA above 5x for an extended time. This
could occur if:

-- The resurgence of COVID-19 in North America results in weakened
air travel affecting revenue and earnings;

-- Margins deteriorate more than we expect if the company's labor
costs increase more than S&P expects; and

-- The company completes a larger-than-expected dividend or
acquisition.



NATIONAL FUEL: Egan-Jones Keeps BB Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 17, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by National Fuel Gas Company.

Headquartered in Williamsville, New York, National Fuel Gas Company
is an integrated natural gas company with operations in all
segments of the natural gas industry, including utility, pipeline
and storage, exploration and production, and marketing operations.



NCR CORP: Egan-Jones Keeps B- Senior Unsecured Ratings
------------------------------------------------------
Egan-Jones Ratings Company, on September 14, 2021, maintained its
'B-' foreign currency and local currency senior unsecured ratings
on debt issued by NCR Corporation. EJR also maintained its 'B'
rating on commercial paper issued by the Company.

Headquartered in Atlanta, Georgia, NCR Corporation manufactures
financial transaction machines and other products.



NORDSTROM INC: Egan-Jones Keeps B+ Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 15, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Nordstrom, Inc.

Headquartered in Seattle, Washington, Nordstrom, Inc. is a fashion
retailer of apparel, shoes, and accessories for men, women, and
children.



NORTHWEST BANCORP: Notice on Bid Procedures for Asset Shortened
---------------------------------------------------------------
Judge Carol A. Doyle of the U.S. Bankruptcy Court for the Northern
District of Illinois granted the request of Northwest
Bancorporation of Illinois, Inc., to shorten notice regarding its
prosed bidding procedures relating to the sale of only material
asset from 21 days to 16 days.

             About Northwest Bancorporation of Illinois

Northwest Bancorporation of Illinois, Inc. filed its voluntary
petition for Chapter 11 protection (Bankr. N.D. Ill. Case No.
21-08123) on July 2, 2021, listing as much as $50 million in both
assets and liabilities.  Judge Janet S. Baer oversees the case.

The Debtor tapped Taft Stettinius & Hollister, LLP as legal
counsel
and Janney Montgomery Scott, LLC as financial advisor and
investment banker.

The U.S. Trustee for Region 11 appointed an official committee of
unsecured creditors on Aug. 4, 2021.  The committee is represented
by Jeffrey D. Sternklar, LLC and SmithAmundsen, LLC.



NXT ENERGY: To Present at LD Micro Main Event on Oct. 14
--------------------------------------------------------
NXT Energy Solutions Inc. will be presenting at the LD Micro Main
Event on Thursday, Oct. 14, 2021 at 7:30 am PDT / 10:30 am EDT.
George Liszicasz (CEO) and Eugene Woychyshyn (CFO) will be
presenting to a virtual audience.  NXT's presentation is available
at www.nxtenergy.com.

To view the free on-line presentation, please register at:
https://me21.mysequire.com/

The Main Event will take place from October 12 to 14, 2021.
LD Micro Main Event (XIV)

Presentation Date: Thursday, October 14, 2021
Presentation Time: 7:30 am Pacific Time/10:30 am Eastern Time
View NXT's profile here at: http://www.ldmicro.com/profile/NSFDF

                       About NXT Energy

NXT Energy Solutions Inc. is a Calgary-based technology company
whose proprietary SFD survey system utilizes quantum-scale sensors
to detect gravity field perturbations in an airborne survey method
which can be used both onshore and offshore to remotely identify
areas with exploration potential for traps and reservoirs.  The SFD
survey system enables the Company's clients to focus their
hydrocarbon exploration decisions concerning land commitments, data
acquisition expenditures and prospect prioritization on areas with
the greatest potential.  SFD is environmentally friendly and
unaffected by ground security issues or difficult terrain and is
the registered trademark of NXT Energy Solutions Inc. NXT Energy
Solutions Inc. provides its clients with an effective and reliable
method to reduce time, costs, and risks related to exploration.

NXT Energy reported a net loss and comprehensive loss of C$5.99
million for the year ended Dec. 31, 2020. As of June 30, 2021, the
Company had C$24.82 million in total assets, C$3.90 million in
total liabilities, and C$20.92 million in shareholders' equity.

Calgary, Canada-based KPMG LLP, the Company's auditor since 2006,
issued a "going concern" qualification in its report dated
March 30, 2021, citing that the Company's current and forecasted
cash and cash equivalents and short-term investments position is
not expected to be sufficient to meet its obligations that raises
substantial doubt about its ability to continue as a going concern.


OCCIDENTAL PETROLEUM: Egan-Jones Keeps B+ Senior Unsecured Ratings
------------------------------------------------------------------
Egan-Jones Ratings Company, on September 8, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Occidental Petroleum Corporation.

Headquartered in Houston, Texas, Occidental Petroleum Corporation
explores for, develops, produces, and markets crude oil and natural
gas.



OFFICE DEPOT: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 13, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by Office Depot, Inc. EJR also maintained its 'B'
rating on commercial paper issued by the Company.

Headquartered in Boca Raton, Florida, Office Depot, Inc. operates a
chain of office product warehouse stores in North America, Europe,
Asia, and Central America.



ORGANIC POWER: Disclosure is Inadequate, Healy Says
---------------------------------------------------
Creditor Brian Healy filed an objection to Organic Power, LLC's
Disclosure Statement and Proposed Plan as filed on August 12,
2021.

Healy submits that this Honorable Court should not consider the
Disclosure Statement filed because it fails to provide "adequate
information" as the term is defined in Section 1125(a)(1) of the
Bankruptcy Code.

In particular, according to Healy, the Disclosure Statement fails
to fully disclose with specificity (1) the holders of Class A
Membership Units and that this class is indeed impaired under the
Chapter 11 Plan; (2) the impact of the conversion of Class B and C
Membership Units to the current holders of Class A Membership Units
such as Mr. Brian Healy; (3) the means by which the Debtor intends
to generate the revenues necessary for making distributions to
creditors under its proposed Plan of Reorganization in light of
anticipated reduction in revenues which have not been properly
disclosed.

Attorney for Defendant:

     YASMIN ROCIO VAZQUEZ
     VAZQUEZ & ESTRELLA LAW OFFICES
     PMB 407
     AVE. ESMERALDA 405, SUITE 2
     GUAYNABO, PR 00969-4427
     TEL/FAX: 787-402-7275
     E-mail: yvazquez@vazquezestrellalaw.com

                        About Organic Power

Organic Power, LLC, -- https://www.prrenewables.com/ -- is a Vega
Baja, P.R.-based company that offers food processing companies,
restaurants, pharmaceuticals, and retail outlets an alternative to
landfill disposal -- a low cost and environmentally friendly
recycling option.

Organic Power sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 21-00834) on March 17, 2021. Miguel E.
Perez, the president, signed the petition. In its petition, the
Debtor disclosed assets of between $10 million and $50 million and
liabilities of the same range.

Judge Edward A. Godoy oversees the case.

The Debtor tapped Fuentes Law Offices, LLC as bankruptcy counsel,
and Godreau & Gonzalez Law, LLC, and Vidal, Nieves & Bauza, LLC as
special counsel.


ORGANIC POWER: Oriental Says Plan Not Fair and Equitable
--------------------------------------------------------
Oriental Bank submitted an objection to the Disclosure Statement of
Organic Power, LLC.

Oriental's submits that Debtor's proposition to pay Oriental's
claim in 25 years is unreasonable and therefore, the Plan is not
fair and equitable with respect to Oriental's secured claim.

Oriental points out that neither the Disclosure Statement nor Plan
specify when payment to Oriental Bank will begin. Please note that
for other creditors, the Plan provides for payments on the
effective date.

Oriental further points out that the Plan should provide that
Debtor will maintain appropriate insurance in favor of Oriental
Bank and regarding all property that serve as its collateral, until
full payment of its secured claim.

According to Oriental, the Plan should provide that Debtor will pay
all required real estate and personal property taxes regarding all
property that serve as Oriental's collateral, until full payment of
its secured claim.

                           Membership Units

Oriental asserts that the Plan provides for the retention of
Oriental's lien.  However, the plan also provides for the
conversion of Class B, and Class C Membership Interests which are
also pledged to Oriental into Class A.  The plan must provide that
all membership interest, including new converted interest shall
continue to be pledged and subjected to Oriental's lien.

                      Cash Flow Projections

Oriental further points out that on the Cash Flow projections for
Year 2022 Debtor is contemplating a Sale of Assets that constitutes
Oriental's collateral and projected that such sale will generate
$200,000.00. Debtor must disclose what step it has taken in order
to sell such asset, presumably the generator.

Oriental further points out that Debtor must explain or provide a
breakdown of the "Other operating Expenses" estimated at
$120,000.00 yearly.

According to Oriental, Debtor must explain which professionals are
included in the estimated $60,000 yearly for "Professional Fees".

Oriental asserts that Debtor must explain the status of, and all
efforts done, to collect the account receivables. Also, and in view
the Oriental's has a lien over the accounts receivables, Debtor
must specifically provide for a proposed distribution to Oriental,
of any amounts collected from its receivables.

Attorney for Oriental Bank:

     MARISTELLA SÁNCHEZ RODRÍGUEZ
     DELGADO & FERNÁNDEZ, LLC
     PO Box 11750
     Fernández Juncos Station
     San Juan, Puerto Rico 00910-1750
     Tel: (787) 274-1414
     Fax: (787) 764-8241
     E-mail: msanchez@delgadofernandez.com

                       About Organic Power

Organic Power, LLC, -- https://www.prrenewables.com/ -- is a Vega
Baja, P.R.-based company that offers food processing companies,
restaurants, pharmaceuticals, and retail outlets an alternative to
landfill disposal -- a low cost and environmentally friendly
recycling option.

Organic Power sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 21-00834) on March 17, 2021.  Miguel
E. Perez, the president, signed the petition. In its petition, the
Debtor disclosed assets of between $10 million and $50 million and
liabilities of the same range.

Judge Edward A. Godoy oversees the case.

The Debtor tapped Fuentes Law Offices, LLC as bankruptcy counsel,
and Godreau & Gonzalez Law, LLC, and Vidal, Nieves & Bauza, LLC as
special counsel.


OWENS-ILLINOIS GROUP: Egan-Jones Hikes Sr. Unsecured Ratings to B
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 9, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Owens-Illinois Group Inc. to B from B-.

Headquartered in Perrysburg, Ohio, Owens-Illinois Group Inc.
manufactures and sells glass containers.



OXFORD INDUSTRIES: Egan-Jones Hikes Senior Unsecured Ratings to B+
------------------------------------------------------------------
Egan-Jones Ratings Company, on September 14, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Oxford Industries, Inc. to B+ from B.

Headquartered in Atlanta, Georgia, Oxford Industries, Inc. operates
as an international apparel design, sourcing, and marketing
company.



PATTERSON COMPANIES: Egan-Jones Keeps B+ Senior Unsecured Ratings
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 9, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Patterson Companies Inc.

Headquartered in Saint Paul, Minnesota, Patterson Companies Inc.
distributes dental products, veterinary supplies for companion
pets, and rehabilitation supplies.



PERSEVERANCE GROUP: Kemp Smith Represents Crusades Claimants
------------------------------------------------------------
In the Chapter 11 cases of Perseverance Group, LLC, the law firm of
Kemp Smith LLP provided notice under Rule 2019 of the Federal Rules
of Bankruptcy Procedure, to disclose that it is representing the
following claimants:

   Crusades Realty Investments

   * Holder of two secured claims in the approximate amounts of
     $115,465.07 and $66,871.04. The address for this Lender is
     c/o entrust Capital Funding, 2077 Zaragoza, El Paso, Texas
     79938.

   BBMC Properties, LLC

   * Holder of one secured claim in the approximate amount of
     $316,298.03. The address for his Lender is c/o Uprising
     Investments, LLC, 5862 Cromo Drive, Ste. 100, El Paso, Texas
     79912.

   Mayan Family Limited Partnership/My Ventures, LLC

   * Holder of one secured claim in the approximate amount of
     $77,340.36. The address for his Lender is c/o Uprising
     Investments, LLC, 5862 Cromo Drive, Ste. 100, El Paso, Texas
     79912.

Kemp Smith LLP is authorized to represent the Lenders under general
retention agreements with their loan servicers.

Neither Kemp Smith LLP nor its attorneys have any claim against the
Debtor, nor own or have ever owned any equity securities in the
Debtor.

The Firm can be reached at:

        KEMP SMITH LLP
        James W. Brewer, Esq.
        P.O. Box 2800
        El Paso, TX 79999-2800
        Tel: 915.533.4424
        Fax: 915.546.5364
        E-mail: james.brewer@kempsmith.com

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

                    About Perseverance Group

Perseverance Group, LLC filed a petition for Chapter 11 protection
(Bankr. W.D. Texas Case No. 21-30584) on Aug. 2, 2021, listing up
to $1 million in assets and up to $50,000 in liabilities.  Judge H.
Christopher Mott oversees the case.  The Debtor is represented by
The Nevarez Law Firm, PC.


POST OAK TX: Wins Cash Collateral Access Thru Oct 14
----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
West Palm Beach Division, has entered an amended second order
authorizing Post Oak TX, LLC to continue using cash collateral on
an interim basis, through October 14, 2021.

The Court previously permitted the Debtor to use cash collateral on
an interim basis through the hearing on October 6.  At the hearing,
counsel for the Debtor and its lender announced that they were
continuing to work towards a form of budget acceptable to both
parties, and that the parties agreed to the Debtor's use of Cash
Collateral.

The Debtor requires the use of cash collateral to fund payroll and
payroll taxes, satisfaction of its working capital needs, as well
as the ability to pay taxes, inventory, supplies, overhead,
insurance, and other necessary expenses.

As adequate protection for the Debtor's use of cash collateral, RSS
JPMBB20I4-C25 - TX POT, LLC is granted post-petition, replacement
liens in all of the Debtor's assets, including but not limited to
proceeds, products, offspring, or profits from the Debtor's
property, as well as rents of such property or the fees, charges,
accounts, or other payments for the use or occupancy of rooms and
other facilities of the Debtor pursuant to 11 U.S.C. section 552,
in the same priority and to the same extent as existed on the
Petition Date. The Replacement Liens are deemed automatically
perfected without further action by the Lender.
The Lender will have a claim to the extent provided pursuant to 11
U.S.C. section 507(b), subject to a carve out of the Lender's Cash
Collateral solely for the payment of all then due and accrued
United States Trustee Fees and court costs.

Hilton, as the Debtor's agent, will provide the same reports to the
Lender as it provides to the Debtor, including cash flow reports,
profit and loss statements and STR reports.

The Debtor will escrow $100,000 for real estate taxes, and reflect
such escrow in the Budget, as well as any subsequent budgets filed,
and make monthly payments to the Lender in the amount of $150,000,
beginning on October 1, 2021 and every first day of the month
thereafter (the "AP Payments") that the Debtor is entitled to use
Cash Collateral pursuant to a budget either agreed to by the Debtor
and the Lender or approved by the Court. The application of the AP
Payments to the Loan as principal, interest, costs or fees will be
determined at or around the time of plan confirmation, and the
parties reserve their rights with respect to the application of the
AP Payments.

A further hearing on the matter is scheduled for October 13 at
10:30 a.m.

                      About Post Oak TX, LLC

Post Oak TX, LLC is part of the traveler accommodation industry.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 21-18563) on August 31,
2021. In the petition signed by E. Llywd Ecclestone, Jr., president
of General Partner of Member, the Debtor disclosed up to $100
million in both assets and liabilities.

Judge Erik P. Kimball oversees the case.

Andrew Zaron, Esq. at Leon Cosgrove, LLP, is the Debtor's counsel.
KapilaMukamal, LLP is the Debtor's financial advisor.



PREMIER ASSURANCE: Foreign Reps' $365K Sale of Property Approved
----------------------------------------------------------------
Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Jeffrey Stower and Jason Robinson,
the duly authorized and appointed Joint Official Liquidators and
Foreign Representatives of Premier Assurance Group SPC Ltd., to
exercise the Debtor's direct and indirect rights and interests with
respect to 3401-3106A Midtown LLC in order to cause 3111 Midtown
LLC to sell the Property to the Purchaser for a total purchase
price of $365,000, and to take related actions in connection with
the sale of the Property, including the payment of the market-rate
commission to the Broker from the proceeds of the sale.  

The hearing on the Motion was held on Sept. 29, 2021, at 1:30 p.m.


3111 Midtown is authorized to enter into the Sale Contract.

The Foreign Representatives are authorized and empowered to
exercise the Debtor's direct and indirect interest in 3111 Midtown
to effectuate the sale and transfer the Property to the Purchaser,
or its assignee, in accordance with the Order.

They are authorized to execute, deliver, receive, exchange and
record all such documents and instruments as may be necessary and
appropriate to effectuate the sale of the Property upon the terms
of the Sale Contract and to otherwise carry out 3111 Midtown's
obligations under the Sale Contract.

The Foreign Representatives may authorize payment of the
market-rate commission to the appropriate parties from the proceeds
of the sale of the Property. They may direct payment to the Broker
and the broker for the Purchaser in the aggregate amount of 6% of
the total purchase price set forth in the Sale Contract immediately
upon closing.  The Commission will be split evenly between the
Broker and the broker for the Purchaser.

The Foreign Representatives will hold the net sale proceeds in an
account held by 3401 Midtown Holdings LLC at the Miami Branch of
Valley National Bank, pending (i) dissolution of 3111 Midtown LLC
and resolution of any known claims against 3111 Midtown LLC
pursuant to applicable Florida law or (ii) further order of the
Court.

Notwithstanding the provisions of Rule 6004(h) of the Bankruptcy
Rules, the Order will not be stayed for 14 days after its entry and
will be effective immediately upon entry, and the Foreign
Representatives and the Purchaser are authorized to close the sale
immediately upon entry of the Order.

(Attorney Sainvil is directed to serve copies of the Order and to
file a Certificate of Service with the Court confirming such
service.

The bankruptcy case is In re: Premier Assurance Group SPC Ltd.,
(Bankr. S.D. Cal. Case No. 20-20230-RAM).



PREMIER ASSURANCE: Foreign Reps' $405K Sale of Real Property Okayed
-------------------------------------------------------------------
Judge Robert A. Mark of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Jeffrey Stower and Jason Robinson,
the duly authorized and appointed Joint Official Liquidators and
Foreign Representatives of Premier Assurance Group SPC Ltd., to
exercise the Debtor's direct and indirect rights and interests with
respect to 3401-3106A Midtown LLC in order to cause 3106A Midtown
LLC to sell the Property to the Purchaser for a total purchase
price of $405,000, and to take related actions in connection with
the sale of the Property, including the payment of the market-rate
commission to the Broker from the proceeds of the sale.

The hearing on the Motion was held on Sept. 29, 2021, at 1:30 p.m.


The Foreign Representatives are authorized to execute, deliver,
receive, exchange and record all such documents and instruments as
may be necessary and appropriate to effectuate the sale of the
Property upon the terms of the Sale Contract and to otherwise carry
out 3106A Midtown's obligations under the Sale Contract.

They may authorize payment of the market-rate commission to the
appropriate parties from the proceeds of the sale of the Property.
They may direct payment to the Broker and the broker for the
Purchaser in the aggregate amount of 6% of the total purchase price
set forth in the Sale Contract immediately upon closing.  The
Commission will be split evenly between the Broker and the broker
for the Purchaser.

The Foreign Representatives will hold the net sale proceeds in an
account held by 3401 Midtown Holdings at the Miami Branch of Valley
National Bank, pending (i) dissolution of 3106A Midtown LLC and
resolution of any known claims against 3106A Midtown pursuant to
applicable Florida law or (ii) further order of the Court.

Notwithstanding the provisions of Rule 6004(h) of the Bankruptcy
Rules, the Order will not be stayed for 14 days after its entry and
will be effective immediately upon entry, and the Foreign
Representatives and the Purchaser are authorized to close the sale
immediately upon entry of the Order.

The bankruptcy case is In re: Premier Assurance Group SPC Ltd.,
(Bankr. S.D. Cal. Case No. 20-20230-RAM).



PREMIER SERVICES: Gets OK to Hire Hoff Law Offices as Legal Counsel
-------------------------------------------------------------------
Premier Services, Inc. received approval from the U.S. Bankruptcy
Court for the District of Colorado to employ Hoff Law Offices, P.C.
to serve as legal counsel in its Chapter 11 case.

The firm's services include:

   a. providing the Debtor with legal advice with respect to its
powers and duties;

   b. preparing legal papers;

   c. assisting the Debtor in the preparation and confirmation of a
Chapter 11 disclosure statement and plan, if appropriate; and

   d. other necessary legal services.

Hoff Law Offices will be paid at the rate of $400 per hour for
attorneys and $125 per hour for paralegals. The firm will also
receive reimbursement for out-of-pocket expenses incurred.

The retainer fee is $20,000.

Jessica Hoff, Esq., a partner at Hoff Law Offices, disclosed in a
court filing that her firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Jessica L. Hoff, Esq.
     Hoff Law Offices, P.C.
     6400 S Fiddlers Green Cir. #250
     Greenwood Village, CO 80111
     Tel: (720) 739-3599
     Email: jhoff@hofflawoffices.com

                    About Premier Services Inc.

Premier Services, Inc. is part of the Water, Sewage and Other
Systems industry.  It is headquartered in Parker, Colo.

Premier Services filed a petition for Chapter 11 protection (Bankr.
D. Colo. Case No. 21-14900) on Sept. 24, 2021, listing as much as
$10 million in both assets and liabilities.  James F. Bauer, Jr.,
president of Premier Services, signed the petition.  Jessica L.
Hoff, Esq., at Hoff Law Offices, P.C. is the Debtor's legal
counsel.


PSALMS FUNERAL: Continued Operations to Fund Plan Payments
----------------------------------------------------------
Psalms Funeral Home, LLC, filed with the U.S. Bankruptcy Court for
the Southern District of Texas a Chapter 11 Plan of Reorganization
under Subchapter V dated October 5, 2021.

Psalms Funeral is a Texas limited liability company formed on April
8, 2015. Psalms is managed by the owner, Alice Harper Sargent.
Psalms operates a full-service funeral home, which also offers
casket and florist services to its clients.

Psalms's financial difficulties began after being sued by Aquilla
Hogan-Rogers on July 14, 2017. Psalms also received a judgement on
July 18, 2019, and a state court receiver was appointed on March
11, 2021. Psalms's vehicles were seized by the state court
receiver, Robert Berleth.

Holders of Allowed Secured Claims in Class 1, which shall include
Grimes CAD, shall receive payment of their Claims with payments
commencing 30 days after the Effective Date. Holders of Allowed
Secured Claims in Class 1 shall retain their liens until paid in
full.

Holders of Allowed Secured Claims in Class 2, which shall include
Montgomery County, LLC, shall receive payment of their Claims with
payments commencing 30 days after the Effective Date. Holders of
Allowed Secured Claims in Class 2 shall retain their liens until
paid in full.

Holders of Allowed General Unsecured Claims in Class 3 shall
receive payment of their Claims pro rata based on all General
Unsecured Claims. Holders of General Unsecured Claims in Class 3
against the Debtor shall have a threshold amount of $100.00 before
any payment is to be made, save and except the final payment where
the full amount owed to creditor shall be paid in full, according
to the terms of the Plan.

Class 5 consists of Equity Interest Holders. Effective as of the
filing of this Plan, no claims which would otherwise fall into this
class have been identified by the Debtor. Notwithstanding the
foregoing, should a claim arise under this class, payments to
Holders of Allowed Equity Interest Holder Claims would, commencing
60 days from the Effective Date and continuing every month
thereafter, be paid pro rata from the Debtor's disposable income.

Payments and distributions under the Plan will be funded from the
continued operations of the Debtor. The Debtor intends expand
services, as the opportunity arises. The Debtor's 5-year disposable
income projection is attached to and incorporated by reference into
this Plan.

A full-text copy of the Plan of Reorganization dated October 5,
2021, is available at https://bit.ly/2YC4sNN from PacerMonitor.com
at no charge.

Attorneys for the Debtor:
     
     Susan Tran Adams, Esq.
     Brendon Singh, Esq.
     Tran Singh LLP
     2502 La Branch Street
     Houston, TX 77004
     Telephone: (832) 975-7300
     Facsimile: (832) 975-7301
     Email: stran@ts-llp.com
            bsingh@ts-llp.com

                    About Psalms Funeral Home

Psalms Funeral Home, LLC, owner of a full-service funeral home and
florist services in Navasota, Texas, filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Case No. 21-32310) on July 7, 2021.  At the time of the filing, the
Debtor listed $100,001 to $500,000 in both assets and liabilities.
Judge Eduardo V. Rodriguez oversees the case.  Tran Singh, LLP
serves as the Debtor's legal counsel.


PVH CORP: Egan-Jones Keeps B+ Senior Unsecured Ratings
------------------------------------------------------
Egan-Jones Ratings Company, on September 9, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by PVH Corp.

Headquartered in New York, New York, PVH Corp. designs, sources,
manufactures, and markets men's, women's, and children's apparel
and footwear.



RADIAN GROUP: Egan-Jones Keeps BB+ Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 8, 2021, maintained its
'BB+' foreign currency and local currency senior unsecured ratings
on debt issued by Radian Group Inc.

Headquartered in Philadelphia, Pennsylvania, Radian Group Inc.
provides financial guarantee insurance.




RANGE RESOURCES: Moody's Hikes CFR to Ba3 & Alters Outlook to Pos.
------------------------------------------------------------------
Moody's Investors Service upgraded Range Resources Corporation's
Corporate Family Rating to Ba3 from B1, Probability of Default
Rating to Ba3-PD from B1-PD, and senior unsecured notes to B1 from
B2. The SGL-2 Speculative Grade Liquidity Rating was unchanged. The
rating outlook was changed to positive from stable.

"The upgrade reflects meaningful improvement in Range's credit
metrics, and our expectation that the company will achieve
additional debt reduction through 2022 by generating free cash flow
consistently," said Arvinder Saluja, Moody's Vice President.
"Higher natural gas and NGLs prices, management's continued focus
on maintaining capital discipline, as well as the company's
significant near-term hedge book provide good free cash flow
visibility and a reasonable path towards further deleveraging."

Upgrades:

Issuer: Range Resources Corporation

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

Corporate Family Rating, Upgraded to Ba3 from B1

Senior Unsecured Notes, Upgraded to B1 (LGD5) from B2 (LGD5)

Outlook Actions:

Issuer: Range Resources Corporation

Outlook, Changed To Positive From Stable

RATINGS RATIONALE

Range's Ba3 CFR reflects meaningful improvement in its credit
metrics, especially retained cash flow to debt and leveraged
full-cycle ratio (LFCR), and Moody's expectation of further debt
reduction in 2022. Range's low-cost structure will help the company
generate sizeable free cash flow in an improved commodity price
backdrop for both natural gas and natural gas liquids (NGLs).
Moody's expects Range to continue to cut operating and development
costs. The CFR is also supported by Range's strong operating
efficiency, large scale, and good asset-based leverage metrics. In
addition, Range benefits from long-lived reserves, historically
conservative financial policies, and a high level of operational
control over its reserves, enabling significant discipline over the
pace of future development. However, Range's ratings are
constrained by its sensitivity to volatile natural gas and NGLs
prices, with natural gas contributing about 70% of production, and
a limited hedged production profile after 2022.

Range's senior unsecured notes are rated B1, one notch below the
assigned Ba3 CFR, due to their structural subordination to the
company's $2.4 billion senior secured revolving credit facility.

Moody's expects Range to have good liquidity in 2022 as reflected
by the SGL-2 Speculative Grade Liquidity Rating, with positive free
cash flow. As of June 30, 2021, Range had about $1.9 billion in
borrowing capacity under its $2.4 billion senior secured revolving
credit facility due April 2023. It had $121 million borrowings and
$335 million of letters of credit outstanding under its revolver.
The borrowing base for the revolving credit facility was reaffirmed
at $3 billion as part of the redetermination in March 2021. Moody's
expects Range to maintain ample cushion under its financial
covenants. The company's next maturities occur in the second half
of 2022 with about $218 million of debt coming due.

Range's positive rating outlook reflects Moody's expectation of
meaningful free cash flow generation in 2022 leading to debt
reduction and further improvement in credit metrics.

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

An upgrade could be considered if Range produced free cash flow on
a consistent basis, reduced debt significantly, and increased its
retained cash flow to debt ratio and LFCR above 35% and 1.5x,
respectively, based on mid-cycle pricing assumptions. Range's
ratings could be downgraded if retained cash flow to debt and LFCR
fell below 20% and toward 1x, respectively, or the company
demonstrated deteriorating cash margins, capital returns and
operating cash flow.

Range Resources Corporation is an independent exploration and
production company that is headquartered in Fort Worth, Texas.

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


RIVER BEND MARINA: To Seek Plan Approval on Nov. 18
---------------------------------------------------
Judge James J. Robinson has entered an order approving the
Disclosure Statement explaining the Plan of River Bend Marina,
LLC.

A hearing on confirmation of the Plan of Reorganization will be
held telephonically on Nov. 18, 2021 at 10:00 a.m.

Any and all objections to confirmation of the Plan of
Reorganization must be in writing and must be filed in CM/ECF on or
before November 10, 2021.

Acceptances or rejections of the Plan of Reorganization must be
filed and served on or before Nov. 3, 2021.

The Debtor's oral motion to extend the deadline to achieve
confirmation is granted.  The deadline is extended to Dec. 31,
2021.

Attorney for the Debtor:

     Robert D. McWhorter, Jr.
     Inzer, Haney & McWhorter, P.A.
     Post Office Drawer 287
     Gadsden, Alabama 35902
     Tel: 256-546-1656
     Fax: 256-546-1656

                     About River Bend Marina

River Bend Marina, LLC, is a limited liability company operating a
marina and a private waste treatment plant in Marshall County,
Alabama.  River Bend filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ala. Case No. 20-40075) on Jan. 15, 2020, disclosing under $1
million in both assets and liabilities.  Judge James J. Robinson
oversees the case.  The Debtor is represented by Robert D.
McWhorter Jr., Esq., at Inzer Haney McWhorter Haney & Skelton, LLC.


ROBERT MORRIS: Kizer Bonds Represents Centennial Bank, Nutrien
--------------------------------------------------------------
In the Chapter 11 cases of Robert Morris English, Jr., the law firm
of Kizer, Bonds, Hughes & Bowen, PLLC provided notice under Rule
2019 of the Federal Rules of Bankruptcy Procedure, to disclose that
it is representing the following creditors:

Centennial Bank
P.O. Box 507
Bolivar, TN 38008

Nutrien Ag Solutions, Inc.
105 N Fifth Street
Union City, TN 38261

The Firm can be reached at:

          Kizer, Bonds, Hughes & Bowen, PLLC
          Stephen L. Hughes, Esq.
          P.O. Box 320
          Milan, TN 38358
          Tel: (731) 686-1198

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

Robert Morris English, Jr., filed a Chapter 11 petition (Bankr.
W.D. Tenn. Case No. 21-10863) on Sept. 29, 2021.



ROSCOE GUITARS: Wins Access to Cash Collateral Thru Oct 28
----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North Carolina
has authorized Roscoe Guitars, Inc. to use cash collateral on an
interim basis in the ordinary course of business in accordance with
the budget.

The Debtor is permitted to use the cash collateral through the
earliest of:

     (i) the entry of a final order authorizing the use of cash
collateral,

    (ii) the entry of a further interim order authorizing the use
of cash collateral,

   (iii) October 28, 2021,

    (iv) the entry of an order denying or modifying the use of cash
collateral, or

     (v) the occurrence of a Termination Event.

The Debtor is only authorized to use cash collateral for the actual
and necessary expenses of operating the Debtor's business and
maintaining the cash collateral pursuant to the Budget.

First National Bank (FNB), successor in interest to Yadkin Bank,
asserts $553,054 as owing by the Debtor to FNB under certain
prepetition loans, secured by a lien on co-borrower Wolftone, LLC's
buildings; the house and equipment of the Debtor's principal, Keith
Roscoe; and the Debtor's inventory and accounts.

As adequate protection for the Debtor's use of cash collateral, the
Secured Party is granted a post-petition replacement lien in
Debtor's post-petition property of the same type which secured the
indebtedness of the Secured Party pre-petition, with such liens
having the same validity, priority, and enforceability as the
Secured Party had against the same type of such collateral as of
the Petition Date.

The security interests and liens granted to the Secured Party: (i)
are and will be in addition to all security interests, liens and
rights of set-off existing in favor of the Secured Party on the
Petition Date, if any; and (ii) will secure the payment of the
indebtedness owing to the Secured Party in an amount equal to the
aggregate cash collateral used or consumed by the Debtor.

During the Usage Period the Debtor will make an adequate protection
payment to the Secured Party in the amount of $1,500 on or before
October 15, 2021. The Debtor will also preserve, protect, maintain
and adequately insure the cash collateral.

As additional adequate protection, the Debtor will keep all of the
Debtor's  personal property insured for no less than the amounts of
the pre-petition insurance.

As further adequate protection, the Secured Party is allowed
super-priority administrative expense claim pursuant to Sections
503(b) and 507(a)(2) of the Bankruptcy Code.

These events constitute an Event of Default:

     a. The Debtor will fail to comply with any of the terms or
conditions of this Order;

     b. The Debtor will use cash collateral other than as
authorized in the Order;

     c. Cancellation or lapse of the Debtor's applicable insurance
coverage; or

     d. Cessation of business operations by Debtor.

A further hearing on the Cash Collateral Motion is scheduled for
October 28 at 2 pm.

The budget provided for total expenses, on a weekly basis, as
follows:

     $7,325 for the week from October 4 to 10, 2021;

     $8,274 for the week from October 11 to 17, 2021;   

     $2,355 for the week from October 18 to 24, 2021;

     $7,532 for the week from October 25 to 31, 2021;

     $8,117 for the week from November 1 to 7, 2021; and

     $7,090 for the week from November 8 to 14, 2021

A copy of the order and the Debtor's weekly budget for the period
from October 4 to November 14 is available for free at
https://bit.ly/3mxhEeZ from PacerMonitor.com.

                     About Roscoe Guitars, Inc.

Roscoe Guitars, Inc., established in 2003, is in the business of
manufacturing and selling guitars, with emphasis on bass guitars.
The company sought protection under Subchapter V of Chapter 11 of
the Bankruptcy Code (Bankr. M.D.N.C. Case No. 21-10520) on
September 27, 2021, listing $100,000 to $500,000 in assets and
$500,000 to $1,000,000 in liabilities.  Keith B. Roscoe, its
president, signed the petition.

Judge Lena M. James is assigned to the case.  

Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP is tapped as
the Debtor's counsel.

The firm may be reached through:

   Dirk W. Siegmund, Esq.
   Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP
   100 S. Elm St, Ste. 500
   Greensboro, NC 27401
   Telephone: (336) 274-4658
   Email: dws@iveymcclellan.com



RR DONNELLEY: Egan-Jones Hikes Senior Unsecured Ratings to B-
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, upgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by R. R. Donnelley & Sons Company. to B- from CCC+. EJR
also maintained its 'B' rating on commercial paper issued by the
Company.

Headquartered in Chicago, Illinois, R. R. Donnelley & Sons Company
provides commercial printing and information services.



S.A.M. GROUP: Unsecured Creditors to Get $6.6K in 4 Years
---------------------------------------------------------
S.A.M. Group LLC filed with the U.S. Bankruptcy Court for the
Eastern District of Arkansas a Disclosure Statement describing Plan
of Reorganization dated October 4, 2021.

The Debtor is a Limited Liability Company in the State of Arkansas.
The Debtor was formed to build and operate a restaurant and
residential rental units in Conway, Arkansas.

The Debtor was beset by lawsuits and management infighting before
the commencement of the case in September 2018. The lawsuit,
chiefly that of C.R. Crawford Construction Company threatened the
continuation of the Debtor's business operations. The chapter 11
bankruptcy process was chosen as the best method to stabilize the
Debtor's financial affairs and to normalize the Debtor's relations
with its creditors.

At the time of the filing of this Disclosure Statement the
significant events other than the filing of the case itself that
have occurred in the case:

     * The restaurant portion of the Debtor's real estate at 901
Front Street in Conway, Arkansas has been leased on a long terms
lease and the real estate is generating operating income;

     * The residential rental units at the Debtor's real estate are
finished and available for rental on a short-term basis by the
public and such rentals are generating operating income for the
Debtor;

     * A former member of the Debtor, Adam C Waldron, filed
personal chapter 7 bankruptcy and received his discharge and
Waldron is a dissociated member of the Debtor;

     * The current managing member of the Debtor, Sam McFadin,
filed personal chapter 11 bankruptcy and is now operating under a
confirmed plan and McFadin remains the sole member of the Debtor.

Class 2A consists of the Secured Claim of First Community Bank. All
outstanding indebtedness to be paid in full. The interest rate for
this class of claims is 3.25% per annum. This Class is impaired.

Class 2B consists of the claim of C.R. Crawford Construction Co.
This creditor has a second priority secured interest in the real
estate of the Debtor. Class 2B shall be paid interest only on its
claim at 3.25% per annum interest until the balance of principal
and accrued y unpaid interest comes due in the 120th month after
the Effective Date. There shall be no penalty for pre-payment of
any part of any portion of this class of claims. This Class is
impaired.

Class 3A consists of General Unsecured Claims and the unsecured
portion of secured claims. Debtor will pay the sum of $6,600.00 to
the creditors in this class. The claims will bear no interest. This
class shall be paid in 4 annual installments commencing on the
first anniversary date of the confirmation of this Plan, and again
on the second anniversary of the confirmation of this Plan, and
again on the third anniversary of the confirmation of this Plan,
and the final installment on the fourth anniversary of the
confirmation of this Plan. Each annual installment shall be
$1,650.00. This Class is impaired.

Class 4 consists of Equity interest holders. This class shall
receive no distribution under the Plan unless and until Class 3A is
paid in full.

Payments and distributions under the Plan will be funded by the
cash flow above operational expenses including payroll and taxes.

Operating reports indicate that, for the year ending July 31, 2021,
the Debtor averaged $8,145.00 per month gross profit, rental income
averaging $9,0000.00 per month. The operations data and the
Debtor's schedules estimating value of its assets indicate that the
Debtor is operating profitably.

A full-text copy of the Disclosure Statement dated October 4, 2021,
is available at https://bit.ly/3j3199B from PacerMonitor.com at no
charge.

                       About S.A.M. Group

S.A.M. Group LLC is a privately-held company engaged in activities
related to real estate.  S.A.M. Group sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ark. Case No.
18-15169) on Sept. 24, 2018.  In the petition signed by CEO Sam
McFadin, the Debtor estimated assets of less than $50,000 and
liabilities of $1 million to $10 million.  Judge Phyllis M. Jones
presides over the case.  The Debtor tapped the Bond Law Office as
its legal counsel.


SCM DALLAS: Cash Access Deal with SBA OK'd
------------------------------------------
In the Chapter 11 case of SCM Dallas, LLC, the U.S. Bankruptcy
Court for the Northern District of Texas, Dallas Division, has
approved the Motion for Interim and Final Orders Approving
Stipulation Between the U.S. Small Business Administration and the
Debtor Regarding the Use of Cash Collateral and Granting Adequate
Protection.

The Debtor is authorized to spend the cash collateral of the SBA in
accordance with the Stipulation to the extent necessary to avoid
irreparable harm to the Debtor and the bankruptcy estate pending
entry of a final order.

The Debtor is authorized to make the interim payments to the SBA as
set forth in the Stipulation pending entry of a final order of the
Court.

As adequate protection for the use of the SBA's cash collateral,
the SBA is granted a valid, perfected, and non-avoidable
replacement lien and security interest securing payment of an
amount equal to the amount of cash collateral, if any, used by
Debtor, including, without limitation, any diminution in value of
the cash collateral on all of Debtor's accounts, receivables and
proceeds thereof to the extent acquired after the Petition Date.
The SBA replacement liens will be in the same priority as existed
on the Petition Date.

A copy of the order is available at https://bit.ly/3Dj405Y from
PacerMonitor.com.

                       About SCM Dallas LLC

SCM Dallas, LLC filed a petition for Chapter 11 protection (Bankr.
N.D. Texas Case No. 21-31271) on July 12, 2021, listing up to
$50,000 in assets and up to $1 million in liabilities.  Judge
Michelle V. Larson oversees the case.  Stephen A. Roberts, Esq., at
Clark Hill, PLC, represents the Debtor as legal counsel.



SD IMPORT: Unsecureds Will Get 100% of Claims in Subchapter V Plan
------------------------------------------------------------------
SD Import, LLC and Select Distributors, LLC, filed with the U.S.
Bankruptcy Court for the Eastern District of Michigan a Subchapter
V Plan of Reorganization dated October 4, 2021.

The Debtors collectively operate an import and wholesale business,
which wholesales, among other novelty products, vape pens under
various trade names.

Prior to the Petition Date, the Debtors and their responsible
person, Noor Kestou, were involved the Lawsuit. The Lawsuit
involved, among other things, claims related the Debtors' use of
the trademark "Sea Breeze Plus" with respect to vape pens.

The Debtors determined in their business judgment that the Lawsuit
had become uneconomical and, and as a result, ceased using the Sea
Breeze Plus mark and rebranded the existing vape pens inventory to
a new "Goo" mark. The rebranding process has been very expensive.
As a result, the Cases were filed to halt the Lawsuit and refocus
and reorganize the Debtors' business using alternative branding.

The Plan divides Claims and Interests into 8 Classes and treats
them as follows:

     * Class I consists of all Allowed Unsecured Claims against SD
Imports, LLC except (i) Litigation Creditors and (ii) those Holders
of Allowed Class I Claims that do not agree to return to Ordinary
Business Terms with the Debtor. Allowed Class I Claims shall be
paid 100% of their Allowed Class I Claims, without interest, (i) in
accordance with the applicable contractual documents with the
payment terms extended by an equal number of months to any payments
missed or delay on account of the Cases, (ii) in equal monthly
payments over a 6 month period beginning on the later of the
Effective Date or when Allowed, or (iii) as otherwise agreed
between the Holder of the Class I Claim and the Debtor or
Reorganized Debtor.

     * Class II consists of all Holder of Allowed Unsecured Claims
against SD Imports, LLC that do not agree to return Ordinary
Business Terms with the Debtor. Class II Claimants shall receive a
Pro Rata share of the Projected Disposable Income based on all
Claims in the Unsecured Creditor Group. The Reorganized Debtors,
jointly and severally, shall distribute their Projected Disposable
Income to pay each Class II Claimant with an Allowed Class II Claim
in three equal annual payments beginning on the first Business Day
of the first full month following the first anniversary of the
Effective Date and on the same date each year thereafter for two
years.

     * Class III consists of all Litigation Creditors if and when
such Claims are Allowed by agreement or a Final Order. Litigations
Creditors having Allowed Claims shall be assigned all rights,
title, and interest in and to each of the following: (a)
seabreeze.com domain name, (b) the Sea Breeze Plus mark having
USPTO serial number 90148875, and (c) the Breeze Beach mark having
USPTO serial number 90438031. In addition, the Debtors, jointly and
severally, shall pay to each Litigation Creditor with an Allowed
Claim, in three equal annual payments beginning on the first
Business Day of the first full month following the first
anniversary of the Effective Date and on the same date each year
thereafter for two years, the greater of a pro rata amount of (A)
an amount agreed upon in writing at mediation and signed by the
mediator or (B) the Pro Rata share of the Debtors' Projected
Disposable Income based on all Claims in the Unsecured Creditor
Group.

     * Class IV is comprised of all Allowed Unsecured Claims
against Select Distributors, LLC except (i) Litigation Creditors
and (ii) those Holders of Class IV Claims that do not agree to
return to Ordinary Business Terms with the Debtor. Allowed Class IV
Claims shall be paid 100% of their Allowed Class IV Claims, without
interest, (i) in accordance with the applicable contractual
documents with the payment terms extended by an equal number of
months to any payments missed or delay on account of the Cases,
(ii) in equal monthly payments over a 6 month period beginning on
the later of the Effective Date or when Allowed, or (iii) as
otherwise agreed between the Holder of the Class III Claim and the
Debtor or Reorganized Debtor.

     * Class V consists of all Holders of Allowed Unsecured Claims
against Select Distributors, LLC that do not agree to return
Ordinary Business Terms with the Debtor. Class V Claimants shall
receive a Pro Rata share of the Projected Disposable Income based
on all Claims in the Unsecured Creditor Group. The Reorganized
Debtors, jointly and severally, shall distribute their Projected
Disposable Income to pay each Class V Claimant with an Allowed
Class V Claim in three equal annual payments beginning on the first
Business Day of the first full month following the first
anniversary of the Effective Date and on the same date each year
thereafter for two years.

     * Class VI consists of the Claims of the Lender against Select
Distributors, LLC. The Class VI Claim shall be reinstated and paid
in accordance with the applicable contractual documents; provided,
however, any payments missed or delayed on account of the Cases
shall be paid in full. Interest on the Class VI shall continue at
the non-default rate set forth in the applicable contractual
documents.

     * Class VII consists of the claim of Ashh, LLC d/b/a Ooze
Wholesale related to the stylized Goo and Goo Sticks trademarks. In
full and final satisfaction of the Class VII Claim, the settlement
agreement between the Debtors and the Holder of the Class VII Claim
(which shall be included in the Plan Supplement) is approved and
shall be effective.

     * Class VIII consists of Allowed Interests in each of the
Debtors. Noor Kestou is the sole member of this Class VIII. The
Holders of Allowed Interests shall retain their Allowed Interests
in the Reorganized Debtors in the same percentages as held prior to
the Petition Date.

Debtors reasonably believe that ongoing operations shall be
sufficient to fund the Plan in years two and three. Other sources
of cash are necessary in year 1 and may be explored and utilized by
the Debtors to the extent that any addition cash infusions are
necessary or desirable in later years to meet the obligations of
the Plan. To the extent additional monies are needed, it is
contemplated that one or more the of the Debtors may obtain an
interest-bearing loan, which shall be evidenced by a promissory
note, and may be on a secured or unsecured basis (the "Exit
Financing").

A full-text copy of the Subchapter V Plan dated October 4, 2021, is
available at https://bit.ly/3oK6JBd from PacerMonitor.com at no
charge.

Counsel for Debtors:

     Michael E. Baum, Esq.
     John J. Stockdale, Jr., Esq.
     Schafer and Weiner, PLLC
     40950 Woodward Avenue, Ste. 100
     Bloomfield Hills, MI 48304
     Phone: (248) 540-3340
     Email: mbaum@schaferandweiner.com
            istockdale@schaferandweiner.com

                About SD Import and Select Distributors

SD Import, LLC and Select Distributors, LLC collectively operate an
import and wholesale business, which wholesales, among other
novelty products, vape pens under various trade names.

SD Import and Select Distributors filed their voluntary Chapter 11
petitions (Bankr. E.D. Mich. Lead Case No. 21-45687) on July 6,
2021.  At the time of the filing, SD Import listed up to $50,000 in
assets and up to $1 million in liabilities while Select
Distributors listed up to $50,000 in assets and up to $500,000 in
liabilities.

Judge Thomas J. Tucker oversees the cases.

Schafer and Weiner, PLLC and The Weintraub Group, PLC serve as the
Debtors' bankruptcy counsel and special counsel, respectively.
Wrotslavsky & Davis, CPAs, LLC is the Debtors' financial advisor.


SEADRILL LTD: Seeks 4 More Months of Bankruptcy Control
-------------------------------------------------------
Maria Chutchian of Reuters reports that offshore driller Seadrill
Ltd. has requested an additional four months to retain control of
its bankruptcy proceeding, saying it is still working to drum up as
much support as possible for its proposed reorganization plan.

The company, represented by Kirkland & Ellis, made its request in a
motion filed on Tuesday, a few weeks before Seadrill is scheduled
to present its proposed plan for approval to U.S. Bankruptcy Judge
David Jones in Houston. The plan aims to reduce the company's $5.6
billion debt stack by $4.9 billion and raise $350 million in new
financing. Senior lenders will take over most of Seadrill's
equity.

The company has holders of 58% of its senior loans on board with
its proposal.  The company said in Tuesday's, October 5, 2021,
filing that it is still "working to obtain the acceptance of all
voting classes" for its plan and that an extension of its exclusive
period to file a plan is critical to ensuring its plan confirmation
and emergence from bankruptcy move ahead smoothly.

Seadrill has faced opposition to its reorganization efforts since
the outset of the Chapter 11 case, which began in February 2021,
from a group of lenders that argue a sale is a better option for
maximizing the company's value.  Seadrill said in Tuesday's filing
that it is will "work constructively with opponents to the plan to
resolve any remaining open issues."

For Seadrill: Anup Sathy, Ross Kwasteniet, Brad Weiland, Spencer
Winters and Christopher Marcus of Kirkland & Ellis; and Matthew
Cavenaugh, Jennifer Wertz, Vienna Anaya and Victoria Argeroplos of
Jackson Walker

                       About Seadrill Ltd.

Seadrill Limited (OSE:SDRL, OTCQX:SDRLF) --
http://www.seapdrill.com/-- is a deepwater drilling contractor
providing drilling services to the oil and gas industry. As of
March 31, 2018, it had a fleet of over 35 offshore drilling units
that include 12 semi-submersible rigs, 7 drillships, and 16 jack-up
rigs.

On Sept. 12, 2017, Seadrill Limited sought Chapter 11 protection
after reaching terms of a reorganization plan that would
restructure $8 billion of funded debt.  It emerged from bankruptcy
in July 2018.

Demand for exploration and drilling has fallen further during the
COVID-19 pandemic as oil firms seek to preserve cash, idling more
rigs and leading to additional overcapacity among companies serving
the industry.

In June 2020, Seadrill wrote down the value of its rigs by $1.2
billion and said it planned to scrap 10 rigs. Seadrill said it is
in talks with lenders on a restructuring of its $5.7 billion bank
debt.

Seadrill Partners LLC, a limited liability company formed by
deep-water drilling contractor Seadrill Ltd. to own, operate and
acquire offshore drilling rigs, along with its affiliates, sought
Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 20-35740) on
Dec. 1, 2020, after its parent company swept one of its bank
accounts to pay disputed management fees. Mohsin Y. Meghji,
authorized signatory, signed the petitions.

On Feb. 7, 2021, Seadrill GCC Operations Ltd., Asia Offshore
Drilling Limited, Asia Offshore Rig 1 Limited, Asia Offshore Rig 2
Limited, and Asia Offshore Rig 3 Limited sought Chapter 11
protection. Seadrill GCC estimated $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

Additionally, on Feb. 10, 2021, Seadrill Limited and 114 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy Code with the Court. The lead case
is In re Seadrill Limited (Bankr. S.D. Tex. Case No. 21-30427).

Seadrill Limited disclosed $7.291 billion in assets against $7.193
billion in liabilities as of the bankruptcy filing.

In the new Chapter 11 cases, the Debtors tapped Kirkland & Ellis
LLP as counsel; Houlihan Lokey, Inc. as financial advisor; Alvarez
& Marsal North America, LLC as restructuring advisor; Jackson
Walker LLP as co-bankruptcy counsel; Slaughter and May 2021 as
co-corporate counsel; Advokatfirmaet Thommessen AS as Norwegian
counsel; and Conyers Dill & Pearman as Bermuda counsel.  Prime
Clerk LLC is the claims agent.

On April 9, 2021, the board of directors of debtor Seadrill North
Atlantic Holdings Limited unanimously adopted resolutions
appointing Steven G. Panagos and Jeffrey S. Stein as independent
directors to the board. Seadrill North Atlantic Holdings Limited
tapped Katten Muchin Rosenman LLP as counsel and AMA Capital
Partners, LLC as financial advisor at the sole direction of
independent directors.


SEP SOFTWARE: Gets OK to Hire Kutner as Bankruptcy Counsel
----------------------------------------------------------
SEP Software Corporation received approval from the U.S. Bankruptcy
Court for the District of Colorado to employ Kutner Brinen Dickey
Riley, P.C. to serve as legal counsel in its Chapter 11 case.

The firm's services include:

   a. providing the Debtor with legal advice with respect to its
powers and duties;

   b. assisting the Debtor in the development of a plan of
reorganization;

   c. filing the necessary pleadings, reports and actions, which
may be required in the continued administration of the Debtor's
property;

   d. taking necessary actions to enjoin and stay until final
decree continuation of pending proceedings and commencement of lien
foreclosure proceedings; and

   e. performing all other necessary legal services.

The firm's hourly rates are as follows:

     Attorneys          $350 to $500 per hour
     Paralegals         $100 per hour

Kutner received from the Debtor a retainer of $25,000 and will
receive reimbursement for out-of-pocket expenses incurred.

Jonathan Dickey, Esq., a partner at Kutner, disclosed in a court
filing that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Jonathan M. Dickey, Esq.
     Kutner Brinen Dickey Riley, P.C.
     1660 Lincoln Street, Suite 1720
     Denver, CO 80264
     Tel: (303) 832-2400
     Email: jmd@kutnerlaw.com

                  About SEP Software Corporation

SEP Software Corporation is a Dover, Del.-based technology company
that provides a single backup and disaster recovery solution for
hybrid environments of any size.

SEP Software filed a petition for Chapter 11 protection (Bankr. D.
Colo. Case No. 21-14963) on Sept. 29, 2021, listing up to $50,000
in assets and up to $10 million in liabilities.  Russell Wine,
chief executive officer of SEP Software, signed the petition.
Judge Michael E. Romero oversees the case.  Jonathan M. Dickey,
Esq., at Kutner Brinen Dickey Riley, P.C., is the Debtor's legal
counsel.


SHARITY MINISTRIES: Pays Full Refund for Pospetition Payments
-------------------------------------------------------------
Sharity Ministries Inc. filed a Combined Disclosure Statement and
Chapter 11 Plan of Liquidation dated Oct. 1, 2021.

Pursuant to the Plan, a Liquidating Trust will be established in
order to monetize the Liquidating Trust Assets and distribute to
creditors the proceeds of the Liquidating Trust according to the
priorities set forth in the Plan and the Bankruptcy Code.  The
Debtor will contribute all Liquidating Trust Assets to the
Liquidating Trust, except for the Post-Petition Payments Reserved
Cash which shall be automatically returned to the Members that made
payments to the Debtor after July 8, 2021.

Holders of Class 3 Member Claims for Post-Petition Date Monthly
Payments aggregating $1,178,866 shall receive a full refund,
without interest, of their allowed claims.  Member Claims and
General Unsecured Claims in Class 4 shall receive a pro rata share
of beneficial interests in the Liquidating Trust, with recovery
estimated from 0% to 10%.  Class 6 Section 510(c) Claims shall be
extinguished and shall not receive anything under the Plan.

Under the Plan, Members will be automatically treated as having
submitted a claim for the greater of (i) their previously submitted
requests to the Debtor for payment of medical expenses that have
not yet been satisfied, and (ii) all monthly payments made under
the Debtor's programs.  These amounts will be calculated based on
the Debtor's records.  However, there is no guarantee that said
records are accurate.  If a Member disagrees with the amount or
wishes to file a claim for any other amounts, the Member should
file a proof of claim before the General Bar Date of January 4,
2022.

The deadline to submit ballots voting to accept or reject the Plan
is 5 p.m. (prevailing Eastern Time) on Nov. 22, 2021.  

The confirmation hearing will be held on Dec. 2, 2021 at 1 p.m.
(prevailing Eastern Time).  Objections to Plan confirmation must be
filed and served by no later than Nov. 22 at 4 p.m. (prevailing
Eastern Time).

A copy of the Combined Disclosure Statement and Plan is available
for free at https://bit.ly/3leRcqZ from claims agent, BMC Group.

                   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.

On Aug. 20, 2021, the U.S. Trustee for Region 3 appointed an
official committee to represent members of Sharity Ministries Inc.
in its Chapter 11 case.  The committee is represented by Stevens &
Lee, P.C., Sirianni Youtz Spoonemore Hamburger, PLLC and Mehri &
Skalet, PLLC.


SKILL CAPITAL: Creditors to Get Proceeds From Liquidation
---------------------------------------------------------
Skill Capital LLC filed with the U.S. Bankruptcy Court for the
Southern District of New York a Liquidating Small Business
Subchapter V Plan dated October 5, 2021.

The Debtor was founded in 1988 and specializes in finding and
assessing board-level management teams for private equity-backed
portfolio companies, facilitating due diligence on upcoming deals,
and working with executives and founders to raise private capital.


In 2018, the Debtor employed 18 employees but, as of the Petition
Date, the Debtor no longer had any employees. The Debtor's
headquarters were located at 712 Fifth Avenue, 22nd Floor, New
York, New York 10010, however, as of the Petition Date, the Debtor
had vacated the premises.

This Plan provides for the liquidation of the Debtor's assets in
order to make payments to creditors as set forth in the Plan.

Class 1 shall consist of all Allowed General Unsecured Claims.
Holders of Allowed Class 1 General Unsecured Claims shall receive a
distribution, Pro Rata, of their Allowed Claim, on the Plan
Distribution Date or as quickly as possible thereafter, from the
Plan Distribution Fund, after distribution to all Unclassified
Claims and funding of the Post-Confirmation Date Reserve. Class 1
Claims are Impaired.

Class 2 shall consist of all Intercompany Claims. Intercompany
Claims shall be released and expunged without any distribution on
account of such Claims. Class 2 Claims are Impaired.

Upon entry of the Confirmation Order, Katerina Crews shall be
appointed as the Responsible Person, who shall be the exclusive
representative authorized to act on behalf of the Debtor and its
Estate and shall be authorized to sell, lease, license, settle,
compromise or otherwise dispose of the Debtor's assets and shall
have standing to pursue all of the Debtor's claims and causes of
action, to make distributions to the Debtor's creditors, and to
take all actions necessary to execute the provisions of this Plan.

The Plan shall be funded from the Debtor's: (i) Cash on hand, (ii)
Tax Refunds, (iii) proceeds from any sale or liquidation of the
Debtor's assets, and (iv) all other funds received by the
Responsible Person, including through litigation of certain claims
and causes of action. Upon confirmation of the Plan, the
Responsible Person shall place all such funds into the Distribution
Account.

A full-text copy of the Liquidating Plan dated October 5, 2021, is
available at https://bit.ly/3Dml0In from PacerMonitor.com at no
charge.

Counsel to the Debtor:

     Gregory M. Juell
     Jamila Justine Willis, Esq.
     DLA Piper LLP (US)
     1251 Avenue of the Americas
     New York, NY 10020-1104
     Telephone: (212) 335-4500
     Facsimile: (212) 335-4501
     Email: jamila.willis@dlapiper.com

     Katie Allison
     DLA Piper LLP (US)
     444 West Lake Street, Suite 900
     Chicago, IL 60606
     Telephone: (312) 368-4000
     Facsimile: (312) 236-7516
     Email: katie.allison@us.dlapiper.com

                    About Skill Capital LLC

Founded in 1998, New York-based Skill Capital, LLC specializes in
finding and assessing board-level management teams for portfolio
companies, facilitating due diligence on upcoming deals and working
with executives and founders to raise private capital.

Skill Capital filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 21-11275) on
July 8, 2021.  At the time of the filing, the Debtor listed $50,000
to $100,000 in assets and $1 million to $10 million in liabilities.
Judge David S. Jones oversees the case.  DLA PIPER LLP (US)
represents the Debtor as legal counsel.


SMITHFLY DESIGNS: Unsecureds' Recovery Hiked to 25% in Plan
-----------------------------------------------------------
SmithFly Designs, LLC, submitted a Second Amended Subchapter V Plan
of Reorganization dated October 4, 2021.

Administrative Expense claims of Debtor's counsel for attorney fees
are estimated to be $25,000.00. Counsel for the Debtor has been
provided with a $10,000.00 retainer which will be a credit against
the estimated attorney fees. Administrative Expense claims of the
Subchapter V Trustee are estimated to be $5,000.00. There are no
other anticipated Administrative Expense claims. The priority tax
claim of the State of Ohio Department of Taxation as amended is
$6899.25.

Class SE-1 consists of the allowed Secured Claim of West Central
Development Corporation ("WCDC"). During the Projections Period,
the Class SE-1 Claim shall be paid as set forth, which is the
extent of the value of the Collateral as of the Petition date. The
allowed Class SE-1 Claim shall be paid $918.22 per month, with
payments commencing within 30 days after the Effective Date. The
Class SE-1 Claim shall bear interest at the rate of 5.25% per
annum. Upon completion of the Projections Period, the Debtor's
principal and/or the Debtor will refinance the remaining balance on
the WCDC obligation on terms mutually agreeable to Mr. Smith and
WCDC.

On September 2, 2021, WCDC filed its election to treat its claim as
fully secured. Under 11 U.S.C. Sec. 1111(b) once a creditor makes
such election, the Debtor is required to pay the full amount of the
claim ($135,000.00), the present value of which equals the secured
component ($30,637.19). As such, the treatment of the WCDC claim
needed to reflect this election. Using an interest/discount rate of
5.25%, compliance with §1111(b) would allow for payments over a
period of approximately 30 years. Such a long term payout
obligation is not in the best interests of the Debtor.

Debtor's principal, Ethan Smith, guaranteed payment of the WCDC
obligation and in fact judgment was taken again him personally
pre-petition. The Projections accompanying this Plan envision a 4
year payout the creditors (the "Projections Period"), including
paying the secured component ($30,637.19) of the WCDC claim. At the
end of this 4 year period, Mr. Smith and/or the Debtor will
refinance any balance due under the WCDC obligation/Section 1111(b)
election, on terms mutually agreeable with Mr. Smith/the Debtor and
WCDC, which would include credit for any payments made on the WCDC
claim. There shall be no prepayment penalty if Mr. Smith personally
satisfies the WCDC obligation during the Projections Period and any
payments that are scheduled to be paid to WCDC in the Projections
would be reallocated to the unsecured creditors.

Class UN-G consists of any unsecured claim against these Debtor
which includes the undersecured claims that are fully unsecured.
The Class UN-G Claims shall be Allowed in the amount determined by
the Court and shall be paid by Reorganized Debtor on a pro rata
basis from the Plan Payments, with disbursements to be made no less
than quarterly, after the Allowed Priority Claim and Secured Claim
of West Central Development Corporation is paid pursuant to the
terms of the Plan, and after resolution of all Disputed Claims. It
is projected based up the amount of the Total Unsecured Pool and
the priority claim of the Ohio Department of Taxation as amended
and the secured claim of West Central Development Corporation that
creditors in the UN-G class will receive approximately a 25%
dividend.

The Claims of On Deck Financial and Swift Capital, nka PayPal, were
listed as unsecured claims. On Deck Financial filed 2 Proofs of
Claims aligning with the amounts as listed in the Petition and in
said Proofs of Claim indicated thereon that these claims were
unsecured. Swift Capital, nka PayPal, did not file a Proof of Claim
and its status as unsecured on the Petition is binding for all
purposed herein. Upon confirmation, any lien of record of On Deck
Capital and Swift Capital, nka PayPal, shall be deemed released.
Both creditors shall be treated as if fully unsecured.

The Debtor received notice from the U.S. Small Business
Administration that the PPP loan in the amount of $28,258.31 was
forgiven in full. Accordingly, this claim will not be paid nor will
be calculated as part of the general unsecured creditor pool.

Debtor intends to fund the Plan through cash flow from operations.
Ethan Smith will retain his interest in the Reorganized Debtor and
will continue all of his current duties to the Debtor, including
but not limited to managing and overseeing all of the day to day
operations of the Debtor, marketing, and attending trade shows.

A full-text copy of the Second Amended Subchapter V Plan dated
October 4, 2021, is available at https://bit.ly/3AruMqN from
PacerMonitor.com at no charge.

Proposed Case Attorney for Debtor:

     Ira H. Thomsen, Esq.
     Law Offices of Ira H. Thomsen
     140 N Main Street
     Springboro, OH 45066
     Phone: (937) 748-5001
     Fax: 937-748-5003

                      About SmithFly Designs

SmithFly Designs, LLC sought Chapter 11 protection (Bankr. S.D.
Ohio Case No. 21-30521) on March 31, 2021, disclosing total assets
of up to $50,000 and total liabilities of up to $1 million.  Judge
Guy R. Humphrey oversees the case.  The Debtor is represented by
the Law Offices of Ira H. Thomsen.


SOO HOTELS: Unsecured Creditors to Get $5K per Month for 60 Months
------------------------------------------------------------------
Soo Hotels, Inc., filed with the U.S. Bankruptcy Court for the
Eastern District of Michigan a Small Business Subchapter V Plan of
Reorganization dated October 5, 2021.

Debtor is a Michigan corporation that owns and operates a Choice
Hotel-branded limited service hotel in Sault St. Marie, and has
operated since 2017. Debtor employs 23 employees.

Debtor filed this case because of, among other things, state court
litigation that became too expensive to litigate and the potential
imposition of a receiver which would further exacerbate cash flow
and the relationships with the primary lender for the related real
estate entity and the franchisor. Through this chapter 11 filing,
Debtor seeks to, among other things, resolve issues between the two
shareholders and pay creditors and interest holders over time as
required by the Bankruptcy Code.

Class Namou Hospitality Services (Impaired). Debtor believes that
the HVAC units financed through Namou Hospitality Services are
equal in value to the amount owed, which is $29,900 without
interest. Debtor proposes to continue to pay $3,000 per month
payments for the HVAC units, however, it will consider returning
some of the units as one of the shareholders has requested. Debtor
shall make such payments directly to Namou Hospitality Services,
which shall retain its lien rights until the balance and any
accrued interest is paid, after which such UCC-1 liens shall be
promptly released and the titles assigned to Debtor.

Classes of Priority Unsecured Claims. Certain priority Claims that
are referred to in §§ 507(a)(1), (4), (5), (6), and (7) of the
Code are required to be placed in classes. The Code requires that
each holder of such a Claim receive cash on the Effective Date of
the Plan equal to the allowed amount of such Claim. However, a
class of holders of such Claims may vote to accept different
treatment. There are no priority unsecured claims in this case
other than the IRS.

General unsecured Claims are not secured by property of the estate
and are not entitled to priority under § 507(a) of the Code. The
Class GUC shall be paid Debtor's projected disposable income to be
paid monthly on a pro-rata basis to Class General Unsecured
Creditors over 60 months. Because it is unclear as to the base
amount of claims, it cannot be determined what percentage unsecured
creditors will receive. In any event, general unsecured creditors
will receive a greater distribution than they would in a chapter 7
liquidation. Plan payments will be made by the Debtor directly, and
may be prepaid. Plan payments shall be $5,000 per month in the
aggregate to this class.

Dominic Shammami and Salwan Atto are the equity security holders of
the Debtor. Mr. Shammami and Mr. Atto shall retain their equity
interests in the reorganized Debtor in the same manner, nature, and
extent as prior to the Petition Date.

The Debtor believes that it will have sufficient cash flow from
operations to fund its plan payments and operating expenses.  Due
to COVID related issues, there was a downturn generally in
hospitality, however, Debtor's vacancy rate has improved now that
vaccines are available. Debtor will fund its payment obligations
under this Plan from its business revenues.   

A full-text copy of the Plan of Reorganization dated October 5,
2021, is available at https://bit.ly/3Dfvg5c from PacerMonitor.com
at no charge.

Attorneys for Debtor:

     Robert Bassel, Esq.
     Clinton, MI 49236
     Tel: (248) 835-7683
     Email: bbassel@gmail.com

                      About Soo Hotels

Soo Hotels, Inc. filed a Chapter 11 petition (Bankr. E.D. Mich.
Case No. 21-45708) on July 7, 2021.  At the time of the filing, the
Debtor had between $500,000 and $1 million in both assets and
liabilities.  Dominic Shammami, principal, signed the petition.
Robert Bassel serves as the Debtor's legal counsel.


SPECTACLE GARY: S&P Upgrades ICR to 'B', Outlook Stable
-------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Spectacle
Gary Holdings LLC to 'B' from 'B-'. S&P also raised all issue-level
ratings on the company by one notch. At the same time, S&P removed
all ratings from CreditWatch, where it initially placed them with
negative implications on March 20, 2020.

S&P said, "The stable outlook reflects our forecast for Spectacle
to generate a level of EBITDA that fully covers cash fixed charges,
results in positive discretionary cash flow (DCF), and improves
leverage.

The Seminole Tribe of Florida (Tribe), through various wholly-owned
Hard Rock subsidiaries (including SHRE/SHRI LLC, the direct parent
of both Seminole Hard Rock Entertainment Inc. and Seminole Hard
Rock Entertainment LLC) increased its ownership in Spectacle Gary
Holdings LLC's direct parent to around 76%, following regulatory
issues that required prior majority owners to relinquish their
stake.

"The change to Spectacle's majority ownership improves its credit
quality in our view. Tribe subsidiaries SHRE/SHRI LLC and Hard Rock
Gary increased their ownership of Spectacle's parent to around 76%,
following regulatory investigations by the Indiana Gaming
Commission (IGC) into some of the prior owners and former CEO of
Spectacle's parent, which delayed HRNI's opening by two months. It
is our understanding that the change in majority ownership of
Spectacle's parent largely resolves these issues.

"We view Spectacle as moderately strategic to the Tribe given the
Tribe's willingness to provide contributions to SHRE/SHRI to
facilitate its increased ownership position in Spectacle's parent
to alleviate some of the IGC's prior concerns. We also believe
Spectacle is moderately strategic to the Tribe because we believe
the Tribe may provide some support to Spectacle in some
circumstances. This is because Spectacle's sole operations, its
HRNI casino, uses the Hard Rock brand name, is managed by Seminole
Hard Rock, and provides an increased presence for the brand in the
Midwest.

"Notwithstanding a delayed opening of its casino, Spectacle has
maintained adequate liquidity and we forecast liquidity to remain
adequate. The two-month delay in HRNI's opening depleted more of
Spectacle's remaining funds in its interest reserve account (which
was sufficient to fund debt service through June 30, 2021) than
originally planned, reducing the cushion Spectacle had to ramp up
operations once it opened the casino. Nevertheless, Spectacle
maintained adequate liquidity through cash on hand and cash
generation at the company's prior Majestic Star riverboat casinos,
remaining balances under its construction and interest reserve
accounts, access to its $10 million revolver, and HRNI's initial
operating performance. We expect Spectacle will continue to
maintain adequate liquidity, even as construction accounts are
depleted, given our forecast for EBITDA generation at the new
casino.

"We forecast Spectacle will sustain EBITDA of at least at a level
that fully covers fixed charges.We believe that, based on publicly
available gross gaming revenue (GGR) data from the IGC, HRNI
generated sufficient GGR in its first few months of operations to
support quarterly EBITDA of between $20 million and $30 million,
based on our expectation for margin to be at least in the mid-20%
to 30% area over time, in line with other regional casinos. This
level of run rate EBITDA is sufficient to cover our estimate of
cash fixed charges (interest expense, term loan amortization and
maintenance capital expenditures [capex]) by at least 1x.

"HRNI's initial revenue generation, in our view, has been supported
by a boost in consumer discretionary spending on leisure because of
government stimulus checks and accumulated savings, consumers'
interest in the new property, and our view of HRNI's favorable
location relative to other casinos in its immediate, northern
Indiana, operating market.

"Based on publicly available GGR data, we believe HRNI has taken
some market share from regional northern Indiana competitors
Ameristar Casino, Horseshoe Hammond, and Blue Chip Casino. HRNI's
ability to drive customer visitation and take market share, in our
view, is due in part to HRNI being the only land-based facility in
the northern Indiana market. Land-based casinos typically generate
higher revenue compared to riverboat casinos because land-based
casinos tend to have more open, single-story layouts that make it
easier for customers to navigate the casino floor and find games.
Riverboat casinos typically have gaming on multiple levels and
limited amenities.

"Further, we believe HRNI benefits from good accessibility right
off I-94. We believe this can lead to incremental visitation--as
compared to the northern Indiana riverboat properties--from HRNI's
target market because the existing riverboats do not have direct
highway access and are in less-favorable locations. We also believe
the Hard Rock brand and expected entertainment offerings will drive
incremental visitation because the brand is well-known, and it
resonates with many customers as a good leisure alternative.

"Risks remain around Spectacle's ability to maintain EBITDA at
current levels. Notwithstanding our forecast for Spectacle's
run-rate EBITDA, we believe risks remain as to its ability to
maintain EBITDA at a level that comfortably covers cash fixed
charges given its limited operating track record. This is because
Spectacle operates in the larger and highly competitive Chicagoland
market with existing operators that are parts of larger,
diversified gaming companies. These competitors can allocate
significant resources to marketing and promotions to protect their
customer bases, and they also have large databases of customers to
whom they can market. Within the Chicagoland market, HRNI vies with
three competitors (Horseshoe Hammond, Ameristar Casino Hotel East
Chicago, and the Blue Chip casino) that are within 20 miles of HRNI
in northern Indiana, and two competitors (Harrah's Joliet and
Hollywood Casino Joliet--located to the south and east of Chicago)
that are within 40 miles of HRNI. All of these competitors are
owned by larger gaming operators--Caesars Entertainment Inc., Penn
National Gaming Inc., and Boyd Gaming Corp.

"We do not expect increased competition in Illinois to materially
affect Spectacle's operations in the next one to two years. This is
because we anticipate that the new competition with locations
closest to HRNI, and which would target many of the same customers
as HRNI, will not open until 2023 at the earliest. These locations
are the potential new casino in Chicago's southern suburbs, as
close as 10 to 20 miles from HRNI. We understand that four
applicants have submitted proposals for the southern suburbs
license and that the Illinois Gaming Board (IGB) will hold a
special meeting to hear these proposals on October 13 and narrow
the field down to three bidders. IGB expects to award the license
in January 2022. Once the license is awarded, we expect it could
take one to two years before the casino opens as the licensee will
need to secure financing and construct the casino. The potential
new casino in Chicago, around 30 miles from HRNI, is a longer-term
risk. The request for proposal for the Chicago casino was issued in
April with the deadline extended to the end of October. As a
result, a license for that site will likely not be awarded until
sometime next year as the city will need to select its final
applicant, obtain approval from the Chicago City Council, and apply
to IGB. Therefore, we do not expect a Chicago casino to open before
2025 since we assume it would take upwards of two to three years
from being awarded the license for an operator to secure the
necessary financing, obtain any required approvals to develop in a
busy city center, and construct the facility.

"Nevertheless, we believe that the expected 2022 opening of a
racino (combined horsetrack and casino) at Hawthorne Race Course,
around 40 miles northwest of HRNI, in Illinois, may have a modest
negative impact on HRNI. This is because we expect the racino may
target customers in southeastern Illinois, part of HRNI's target
market. We believe however that any impact would be limited because
we believe Spectacle will have a competitive advantage relative to
the racino given the Hard Rock brand name and since HRNI will
likely offer more amenities compared to the racino.

"The stable outlook reflects our forecast for Spectacle to generate
a level of EBITDA that fully covers cash fixed charges, results in
positive discretionary cash flow (DCF) and improves leverage.

"We could lower ratings if we no longer expected EBITDA to be
sustained at a level that fully covered cash fixed charges and the
company began to deplete its cash balances.

"We could raise the rating one notch once the property establishes
a track record of generating a level of EBITDA that drives at least
modest DCF, debt to EBITDA under 5x, and EBITDA coverage of
interest of at least 2x."



SUMMIT HOTEL: Egan-Jones Keeps BB Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 13, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Summit Hotel Properties, Inc.

Headquartered in Austin, Texas, Summit Hotel Properties, Inc.
operates as a real estate investment trust.



SUNSTONE HOTEL: Egan-Jones Keeps B+ Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 13, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Sunstone Hotel Investors, Inc.

Headquartered in Irvine, California, Sunstone Hotel Investors, Inc.
operates as a hospitality and lodging real estate investment
trust.



TEEKAY CORP: Egan-Jones Keeps B Senior Unsecured Ratings
--------------------------------------------------------
Egan-Jones Ratings Company, on September 8, 2021, maintained its
'B' foreign currency and local currency senior unsecured ratings on
debt issued by Teekay Corporation. EJR also maintained its 'C'
rating on commercial paper issued by the Company.

Headquartered in Hamilton, Bermuda, Teekay Corporation is a
provider of international crude oil and liquefied natural gas (LNG)
marine transportation services.



TEEKAY TANKERS: Egan-Jones Keeps BB Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 16, 2021, maintained its
'BB' foreign currency and local currency senior unsecured ratings
on debt issued by Teekay Tankers Ltd.

Headquartered in Hamilton, Bermuda, Teekay Tankers Ltd. provides
oil transportation services through a fleet of mid-size tankers,
including Suezmax and Aframax crude oil tankers and Long Range 2
product tankers.



TELEPHONE AND DATA: Egan-Jones Keeps B+ Senior Unsecured Ratings
----------------------------------------------------------------
Egan-Jones Ratings Company, on September 15, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by Telephone and Data Systems, Inc.

Headquartered in Chicago, Illinois, Telephone and Data Systems,
Inc. is a diversified telecommunications company.



TEX-GAS HOLDINGS: Unsecureds Will be Paid in Full Over 24 Months
----------------------------------------------------------------
Tex-Gas Holdings, LLC, submitted a Chapter 11 Plan and a Disclosure
Statement.

The Debtor is a limited liability company that owns a single tenant
industrial facility with a total of 47,312 square feet of gross
building area on 17.16 acres of land, located at 1950 FM 3057, Bay
City, Matagorda County, Texas 77414 (the "Industrial Facility" or
"Property").  The Debtor's primary purpose is to hold title to the
real property where the Industrial Facility is located.

The Debtor leases the Industrial Facility to an affiliate, EFG
America LLC, pursuant to a triple net lease.  EFG America LLC and
the Debtor are part of the same consolidated tax group.  The
monthly lease payment is $1,000, which is below market rate.  The
EFG Lease expires on April 30, 2023.

A Dec. 31, 2019 appraisal of the Property valued the Industrial
Facility (with all improvements and equipment) as follows:

    Real Estate (with improvements):          $7,910,000
    Equipment on site (non-debtor property): $44,380,000
                                             -----------           
                        
                                             $52,293,000

Under the Plan, Class 3 Allowed Unsecured Claims will be paid in
full without interest in equal monthly installments over 24 months
from the Effective Date or the date such Claims become Allowed
Claims.  Payments will begin on the Effective Date.  Class 3 is
impaired.

Class 4 Allowed Interests of Equity Holders will retain their
interests in the Reorganized Debtor but will receive no
distributions until the Class 1, 2 and 3 Allowed Claims are paid in
full. Class 4 is impaired.

Cash on hand, collection of rents from the EFG Lease, and the
Equity Contribution will be used to pay Administrative and other
Claims as required by the Plan.

Attorneys for Debtor:

     T. Josh Judd
     Patrick Kelly
     1885 Saint James Place, 15th Floor
     Houston, Texas 77056
     Telephone: 713.850.4200
     Facsimile: 832.786.4877
     Email: jjudd@andrewsmyers.com
            pkelly@andrewsmyers.com

A copy of the Disclosure Statement dated September 29, 2021, is
available at https://bit.ly/3zYh8Lx from PacerMonitor.com.

                     About Tex-Gas Holdings

Tex-Gas Holdings, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 21-80092) on June 1,
2021.  Elroy D. Fimrite, president of Tex-Gas Holdings, signed the
petition.  In the petition, the Debtor disclosed assets of between
$1 million and $10 million and liabilities of the same range.
Judge Jeffrey P. Norman oversees the case.  Andrews Myers, P.C. is
the Debtor's legal counsel.


TIBCO SOFTWARE: Fitch Affirms 'B' LT IDR, Outlook Remains Negative
------------------------------------------------------------------
Fitch Ratings has affirmed TIBCO Software Inc.'s and Balboa
Intermediate Holdings LLC's (collectively TIBCO) Long-Term Issuer
Default Ratings (IDR) at 'B'. TIBCO's first lien senior secured
ratings are affirmed at 'B+'/'RR3'. The second lien secured ratings
are downgraded one notch to 'CCC+'/'RR6' from 'B-'/'RR5'. Fitch has
assigned Bali Finco Inc.'s (Bali) proposed $1.415 billion new first
lien senior secured term loan a 'B+'/'RR3' rating. Debt at Bali
will be pari passu with existing debt issued by TIBCO.

The rating affirmation follows TIBCO's announcement that it has
entered into an agreement to acquire Blue Prism Group plc (LSE:
PRSM) for approximately $1.5 billion. The transaction is to be
largely funded with a $1.415 billion term loan issued by Bali. The
transaction is expected to close in late 2021 or early 2022.

TIBCO's Negative Outlook reflects concerns that leverage will
remain elevated post acquisition, which is to be primarily funded
with debt.

KEY RATING DRIVERS

Acquisitive Strategy: TIBCO has been active with acquisitions. In
September of 2021 it announced the agreement to acquire PRSM, a
publicly traded company that offers its customers RPA solutions
that automate repetitive processes by using software programs. This
is a $1.5 billion pending acquisition. In December of 2020, TIBCO
closed on the acquisition of Information Builders, Inc. (ibi),
which focused on data and analytical software. Terms of the
transaction were not disclosed. Prior to that, TIBCO had averaged
about one small acquisition a year since Vista Equity Partners, its
sponsor, took it private in 2014. Fitch believes TIBCO will
continue to be active with acquisitions for growth.

High Leverage: TIBCO's rating reflects its leverage profile despite
its scale and recurring revenue characteristics. At the end of
FY20, leverage was high at 9.2x. For the LTM ending May 31, 2021,
it fell to 7.4x and with the pending debt funded acquisition,
leverage will be elevated. Fitch notes that results in FY20 reflect
the company's strategic decision to focus on subscription revenues,
which are recurring, and move away from license revenues.
Consequently, revenues were down 10% during the transition year.
Fitch expects TIBCO to strategically make debt-funded acquisitions
to expand capabilities. This is likely to be prioritized over debt
reduction.

Evolving Product Mix: As the inventor of the "information bus",
TIBCO has led the industry in developing on-premise middleware for
more than 20 years, with a specific focus on large, under $500
million revenue companies. TIBCO's acquisition of ibi in 2020
increased its cloud-based offerings and is driving subscription
growth. Fitch expects the pending acquisition of PRSM to enhance
TIBCO's top line growth, expand the total addressable market (TAM),
and expand product offerings as it will soon be able to offer
robotics software. TIBCO largely serves the Americas (primarily the
U.S.) while PRSM focuses on EMEA, therefore, the combination should
allow geographic expansion opportunities for both.

EBITDA Margins: Recent cost containment measures have helped TIBCO
increase adjusted EBITDA margins from the mid 30's to just over 40%
in 1HFY21. On the other hand, PRSM has historically generated
negative EBITDA, which could create challenges for the combined
company's EBITDA margins. TIBCO plans to implement a cost savings
strategy, which, if successful, could help margins.

Recurring Revenues/High Renewal Rates: For the LTM ending 3QFY21,
recurring revenues represented 83% of total revenues, up from 80%
in the year ago period. It has 118% annualized subscription annual
contract value net retention rates. PRSM has approximately 70%
annual recurring revenues and its net retention rate in 1H21 was
116%.

In addition, TIBCO generates over 50% of its revenue from
maintenance services, which tend to be stable. With high renewal
rates across more than 11,000 customers, these maintenance revenues
are expected to account for a large portion of TIBCO's revenues
over the rating horizon. The subscription segment (32% of revenues
in 1HFY21) has contracts that typically range from one to three
years in length.

Potential Customer Expansion: The pending acquisition will allow
TIBCO to integrate PRSM's RPA solutions into its portfolio of
products and offer it to a wider array of customers. TIBCO has more
than 11,000 customers while PRSM has over 2,000. Currently, both
companies have a strong focus on customers in financial services,
telecom and energy, allowing the company to pursue these
complimentary customers while expanding into other segments and
geographically.

DERIVATION SUMMARY

Fitch's 'B' rating for TIBCO is supported by the company's
established technology platforms that result in a stable customer
base, highly recurring revenues and expectations for FCF
generation. The acquisition of PRSM will increase the company's
offerings, size and geographic diversity. PRSM's robotics software
offerings will bring TIBCO an opportunity to expand into fast
growing market and increase EBITDA margins with operating
efficiencies.

Like other Fitch rated software issuers owned by private equity,
TIBCO is in the single 'B' rating category reflecting its high
leverage. Recent and future growth has been accelerated largely
through debt funded acquisitions at TIBCO. The ownership structure
could optimize ROE, limiting the prospect for accelerated
deleveraging.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for the issuer
include:

-- FY21 revenues increase in the low teens from a combination of
    organic growth and as a result of the ibi acquisition which
    closed early in the same fiscal year;

-- In FY21, TIBCO is forecast to have standalone EBITDA margins
    of just over 40%, in line with 1H21 actual results;

-- Fitch assumes the Blue Prism acquisition closes on Dec. 1,
    2021 (the start of FY22) for forecasting purposes which drives
    revenue growth in FY22;

-- The Blue Prism acquisition closes and is financed as proposed
    with a new $1.415 billion 1st lien secured term loan;

-- Debt repayment is modest and there are no assumptions for
    dividends.

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes that TIBCO would be reorganized as a
going concern in bankruptcy rather than liquidated. Fitch assumes a
10% administrative claim and a full draw of the $125 million
revolver.

Going-Concern (GC) Approach

The recovery analysis assumes a going concern EBITDA that is
approximately 30% lower relative to Fitch's EBITDA forecast for
FY23, assuming a combination of revenue decline, margin compression
in a distressed scenario and the inability to achieve acquisition
synergies.

Fitch applies a 6.5x multiple, which is higher than the median
Telecom, Media and Technology EV multiple, but is in line with
other similar companies that exhibit strong FCF characteristics. In
the 21st edition of Fitch's Bankruptcy Enterprise Values and
Creditor Recoveries case studies, Fitch noted nine past
reorganizations in the Technology sector with recovery multiples
ranging from 2.6x to 10.8x. Of these companies, only three were in
the Software sector: Allen Systems Group, Inc.; Avaya, Inc.; and
Aspect Software Parent, Inc., which received recovery multiples of
8.4x, 8.1x and 5.5x, respectively.

The 6.5x multiple reflects Fitch's positive view of the stability
of TIBCO's platform and recent public company transactions in this
sector that have occurred at attractive multiples of up to 10x
revenue (Apigee, Mulesoft).

RATING SENSITIVITIES

Factors that could, individually or collectively, stabilize the
rating:

-- (Cash from operations [CFO] capex)/total debt with equity
    credit ratio sustaining above 3%;

-- Fitch's expectation for sustained organic subscription revenue
    growth;

-- Expectations for gross leverage to be under 7.5x on a
    sustained basis;

-- Ability to successfully integrate Blue Prism, achieve
    substantial synergies and enhance EBITDA margins to at least
    the low 40's by the end of FY22.

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

-- Fitch's expectation for organic subscription revenue growth
    while gross leverage is under 6.0x on a sustained basis;

-- (CFO-capex)/total debt with equity credit ratio trending
    toward 8%.

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

-- CFO-capex)/total debt with equity credit ratio below 3% on a
    sustained basis;

-- Negative organic revenue growth;

-- FFO interest coverage under 1.3x on a sustained basis;

-- Expectations for gross leverage to be above 7.5x on a
    sustained basis.

BEST/WORST CASE RATING SCENARIO

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

LIQUIDITY AND DEBT STRUCTURE

Sufficient Liquidity: Post-closing for the transaction, TIBCO
expects to have approximately $180 million of cash on the balance
sheet and $125 million undrawn on the revolver that extends until
2024. The company has no material maturities until fiscal 2026,
when the senior secured term loans come due.

ISSUER PROFILE

TIBCO Software, Inc. is provider of enterprise data space that
offers integration, data management and analytics software.



TRIDENT BRANDS: Names Michael Friedman as President, CEO
--------------------------------------------------------
Michael Friedman has been appointed as president and chief
executive officer of Trident Brands Incorporated as well as a
member of the company's Board of Directors, effective Oct. 1, 2021.
Concurrent with Mr. Friedman's appointment, Scott Chapman and
Anthony Pallante resigned as president and CEO of the company,
respectively.

In his new role as president and CEO, Mr. Friedman will report to
Trident's Board of Directors and will be responsible for the
strategic direction of the company, as well as oversight of the day
to day operations of the company.

In connection with his appointment as president and CEO, Trident
entered into a one-year employment agreement with Mr. Friedman
which is renewable by the company for two 2 year renewal periods.
The agreement provides for an annual base salary of $180,000 and an
equity compensation grant of 1,100,000 shares of company common
stock which shall vest in four equal quarterly installments
commencing Jan. 1, 2022.  Mr. Friedman is also eligible for annual
as well as performance based equity compensation awards.  In
addition, he is eligible for transaction based cash or equity
bonuses equal to three percent of the value of the transaction,
including an acquisition.

Since 2005, Mr. Friedman, has been president, CEO and a director of
Innovative MedTech, Inc. (IMTH; formerly Fresh Harvest Products,
Inc.).  Mr. Friedman was the founder of IMTH and served as its
chairman until March 25, 2021, when a majority of the company was
sold to several investors, one of which became chairman.  Since
2012, Mr. Friedman has been and continues to be a consultant,
advisor, Board of Director Member, chief executive and chief
financial officer for multiple companies in several industries,
primarily focusing in media, technology and consumer products.  In
2016, Mr. Friedman co-founded and has since served as CEO of Treat
Holdings, LLC, developer of the TreatER mobile application which is
available on the Apple App Store and directs users to the nearest
urgent care or emergency room.  Mr. Friedman received a Master of
Laws in Taxation (L.L.M.) and a Juris Doctor (JD) from New York Law
School.

                        About Trident Brands

Based in Brookfield, Wisconsin, Trident Brands Incorporated, f/k/a
Sandfield Ventures Corp., was initially formed to engage in the
acquisition, exploration and development of natural resource
properties, but has since transitioned and is now focused on
branded consumer products and food ingredients.  The Company is in
the early growth stage and has commenced commercial activities
following a period of organization and development of its business
plan.

Trident Brands reported a a net loss of $5.39 million for the 12
months ended Nov. 30, 2020, compared to a net loss of $12.22
million for the 12 months ended Nov. 30, 2019.  As of Feb. 28,
2021, the Company had $1.77 million in total assets, $30.73
million
in total liabilities, and a total stockholders' deficit of $28.96
million.  As of May 31, 2021, the Company had $1.78 million in
total assets, $31.15 million in total liabilities, and a total
stockholders' deficit of $29.37 million.

MaloneBailey, LLP, in Houston, Texas, the Company's auditor since
2015, issued a "going concern" qualification in its report dated
March 16, 2021, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


TRIDENT HOLDINGS: Case Summary & 14 Unsecured Creditors
-------------------------------------------------------
Debtor: Trident Holdings, LLC
        5580 W Desert Inn Rd
        Las Vegas, NV 89146

Chapter 11 Petition Date: October 8, 2021

Court: United States Bankruptcy Court
       District of Nevada

Case No.: 21-14872

Debtor's Counsel: David Riggi, Esq.
                  RIGGI LAW
                  5550 Painted Mirage Road Suite 320
                  Las Vegas NV 89149
                  Tel: 702-463-7777
                  Email: riggilaw@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $10 million

The petition was signed by James Ronald Clark as managing member.

A copy of the Debtor's list of 14 unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/XOLLE5Q/TRIDENT_HOLDINGS_LLC__nvbke-21-14872__0004.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/W3ZL7LQ/TRIDENT_HOLDINGS_LLC__nvbke-21-14872__0001.0.pdf?mcid=tGE4TAMA


UNITED AIRLINES: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on September 10, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by United Airlines, Inc.

Headquartered in Chicago, Illinois, United Airlines, Inc. provides
commercial airline services.



UPSTREAM LIFE: A.M. Best Withdraws C++(Marginal) FSR
----------------------------------------------------
AM Best has downgraded the Financial Strength Rating to C++
(Marginal) from B+ (Good) and the Long-Term Issuer Credit Rating to
"b" (Marginal) from "bbb-" (Good) of Upstream Life Insurance
Company (Dallas, TX). Concurrently, AM Best has maintained the
under review with negative implications status for these Credit
Ratings (ratings). At the same time, AM Best has withdrawn the
ratings in response to the company's request to no longer
participate in AM Best interactive rating process.

The ratings reflect Upstream's balance sheet strength, which AM
Best assesses as weak, as well as its marginal operating
performance, limited business profile and marginal enterprise risk
management.

In May 2021, AM Best placed Upstream's ratings under review with
negative implications, reflecting continued uncertainty regarding
future risk-adjusted capitalization levels and the resolution of
its remaining non-admitted assets. At the time of this rating
action, the company was in the process of exploring options to
readmit the assets in question. Risk-adjusted capitalization
ratios, as measured by Best's Capital Adequacy Ratio (BCAR) have
declined as a result of continued operating losses in 2020 and
2021, which has resulted in AM Best revising its assessment of
Upstream's operating performance to marginal from adequate. The
company's capital has been further pressured by the non-admission
of assets for three investments imposed by the Texas Department of
Insurance in the second quarter of 2021. The company has not met
its forecast capital levels to date and its capital remains exposed
to less liquid assets, along with some equity market risk due to
investments held in an on-shore captive. The assets of the on-shore
captive are expected to be incorporated into the assets of Upstream
by the end of the third quarter.

The company is in the process of selling some of the assets in
question and has made progress in this regard. Furthermore, the
company has been proactive in pursuing reinsurance solutions to
improve risk-adjusted capital. However, there remains significant
execution risk to restore risk-adjusted capitalization to suitable
levels. Current sales have been tempered to conserve capital but
there could be additional surplus strain if sales increase, which
may be mitigated by executing flow reinsurance treaties.



USA GYMNASTICS: "Future Claims" Inconsistent, Says Humphrey
-----------------------------------------------------------
Terin Humphrey ("Claimant") filed her objection to the Disclosure
Statement filed by Debtor, USA Gymnastics and the Additional Tort
Tort Claimants Committee of Sexual Abuse Survivors.

Claimant objects to the Disclosure Statement because, although it
defines "Future Claims" in such a way as to encompass Claimant's
Claim, which remains timely under applicable Virginia law, the
Disclosure Statement and latest Amended Chapter 13 Plan, expressly
bars claims such as Claimant's Claim from any recovery, which would
include any recovery as a Future Claimant.  Thus, Claimant objects
to the Disclosure Statement because its description of Future
Claims, and the purported treatment of Future Claims, is
inconsistent with the Disclosure Statement's description of the
treatment of claims filed after the Bar Date.

Claimant also objects to the Disclosure Statement because Exhibit I
to the Plan, describing the Future Claimant Allocation Protocol has
not been provided.

Finally, Claimant objects to the Disclosure Statement because it
fails to provide a justification for limiting the Future Claims
Reserve to 1% of the Net Settlement Payment.

Attorney for Terin Humphrey:

     Joseph L. Mulvey
     MULVEY LAW LLC
     133 W. Market Street, No. 274
     Indianapolis, IN 46204
     Tel: (317) 721-1339
     E-mail: joseph@mulveylawllc.com

                      About USA Gymnastics

USA Gymnastics -- https://www.usagym.org/ -- is a not-for-profit
organization incorporated in Texas.  Based in Indianapolis,
Indiana, USAG's organization encompasses six disciplines: women's
gymnastics, men's gymnastics, trampoline and tumbling, rhythmic
gymnastics, acrobatic gymnastics, and group gymnastics.  USAG
provides educational opportunities for coaches and judges, as well
as gymnastics club owners and administrators, and sanctions
approximately 4,000 competitions and events throughout the United
States annually.  More than 200,000 athletes, professionals, and
clubs are members of USAG.  USAG sets the rules and policies that
govern the sport of gymnastics in the United States, including
selecting and training the United States gymnastics teams for the
Olympics and World Championships.  As of the Petition Date, USAG
employs 53 individuals, nearly all of whom work for USAG
full-time.

USA Gymnastics sought Chapter 11 protection (Bankr. S.D. Ind. Case
No. 18-09108) on Dec. 5, 2018.  USAG estimated $50 million to $100
million in assets and the same range of liabilities as of the
bankruptcy filing.

The Hon. Robyn L. Moberly is the case judge.

USAG tapped JENNER & BLOCK LLP as counsel; ALFERS GC CONSULTING,
LLC and SCRAMBLE SYSTEMS, LLC, as business consulting services
providers; and OMNI Management Group, Inc., as claims agent.


USA GYMNASTICS: $425M Settlement to Sex Abuse Claimants Proposed
----------------------------------------------------------------
USA Gymnastics filed a Second Amended Chapter 11 Plan of
Reorganization and Disclosure Statement dated Oct. 1, 2021, with
the Debtor and the Additional Tort Claimants Committee of Sexual
Abuse Survivors as Plan proponents.

Class 2 PNC Bank Claim for use of the Bank's line of credit, and
Class 3 Sharp Claim asserted for $20,998, shall both receive 100%
recovery in the Plan.  

Class 4 General Unsecured Convenience Claims (for claims $500 or
less) aggregating $75,000 shall also recover 100% of the allowed
amount.  Class 5 General Unsecured Claims numbering will get 80%
recovery of allowed claim in three annual installments beginning
August 15, 2022.  There are 154 General Unsecured Claims with
asserted total of $1,173,082, plus $668,101 worth of liabilities
for which no claims were filed and the Debtor will treat as General
Unsecured Claims.

There are 510 timely filed Class 6 Abuse Claims in that are not
duplicative of other Abuse Claims, and have not been disallowed,
withdrawn or objected to.  Class 7 Personal Injury Claim consists
of a $3,000,000 claim of a minor gymnast for personal injuries
allegedly suffered at a gymnastics event.  The Debtor does not
admit any liability for the claim and reserves all defenses.  Class
8 USOPC Claim consists of an unliquidated claim for indemnities
allegedly owed by the Debtor to USOPC for attorney's fees incurred
in connection with the sex abuse litigation.

Class 9 Indemnification Claims consists of claims for losses or
damages suffered in connection with certain events for which the
Debtor is obligated to compensate third parties, such as the
commencement of the sex abuse litigation and related
investigations.  There are 19 Class 9 Claims for a total of
$41,487,568 in addition to unliquidated amounts.

With respect to Class 6 Abuse Claims, Class 8 USOPC Claim and Class
9 Indemnification Claims, the Plan provides two alternatives: (a)
the Full or Partial Settlement Alternative; or (b) the Litigation
Only Alternative.

Under the Full or Partial Settlement Alternative:

   (a) if the CGL Insurers each accept the Survivors' Committee's
CGL Insurer Settlement Offer aggregating $425,000,000, the Trust
will be created for the benefit of Abuse Claimants and Future
Claimants and will be funded by the Total Settlement Demand Amount
and the Twistars Payment; or

   (b) if less than all CGL Insurers accept the Survivors'
Committee's CGL Insurer Settlement Offer, then the Survivors'
Committee and the Debtor may jointly elect the Partial Settlement
Option and the Trust will be created for the benefit of Abuse
Claimants and Future Claimants and will be funded by the payments
by the Partial Settlement Option Accepted Parties, the Twistars
Payment, and the assignment of Insurance Claims, and Abuse
Claimants whose Claims are covered by a Non-Settling Insurer's
policy may elect to pursue litigation against the Debtor and any
other defendant subject to the terms of the Plan.

Under the Litigation Only Alternative -- which will occur if the
CGL Insurers do not commit to fund the Total Settlement Demand
Amount and the Debtor and the Survivors' Committee do not jointly
elect to proceed with the Partial Settlement Option -- the Plan
permits all Holders of Abuse Claims filed or deemed to be filed by
the Bar Date to prosecute their Claims against the Reorganized
Debtor in name only in the courts where such Claims were pending
before the Petition Date or the courts in which such Claims could
have been brought, but for the automatic stay imposed by Section
362 of the Bankruptcy Code.

A copy of the Disclosure Statement is available for free at
https://bit.ly/3ldg7eh from PacerMonitor.com.

                       About USA Gymnastics

USA Gymnastics -- https://www.usagym.org/ -- is a not-for-profit
organization incorporated in Texas. Based in Indianapolis, Indiana,
USAG's organization encompasses six disciplines: women's
gymnastics, men's gymnastics, trampoline and tumbling, rhythmic
gymnastics, acrobatic gymnastics, and group gymnastics. USAG
provides educational opportunities for coaches and judges, as well
as gymnastics club owners and administrators, and sanctions
approximately 4,000 competitions and events throughout the United
States annually. More than 200,000 athletes, professionals, and
clubs are members of USAG.  USAG sets the rules and policies that
govern the sport of gymnastics in the United States, including
selecting and training the United States gymnastics teams for the
Olympics and World Championships.  As of the Petition Date, USAG
employs 53 individuals, nearly all of whom work for USAG
full-time.

USA Gymnastics sought Chapter 11 protection (Bankr. S.D. Ind. Case
No. 18-09108) on Dec. 5, 2018.  USAG estimated $50 million to $100
million in assets and the same range of liabilities as of the
bankruptcy filing.

The Hon. Robyn L. Moberly is the case judge.

USAG tapped JENNER & BLOCK LLP as counsel; ALFERS GC CONSULTING,
LLC and SCRAMBLE SYSTEMS, LLC, as business consulting services
providers; and OMNI Management Group, Inc., as claims agent.


USA GYMNASTICS: Disclosure Omits Allocation Protocol, Claimants Say
-------------------------------------------------------------------
Dr. Erin Kaufman, M. Doe, Kelly Doe, Rylee Daugherty, John J.
Ferreira, and Jacqueline Combs (collectively, the "Non-Committee
Claimants"), object to USA Gymnastics' Disclosure Statement.  In
addition, the Non-Committee Claimants join the objections filed by
Terin Humphrey (the "Humphrey Objection") and the United States
Trustee (the "UST Objection").

The Non-Committee Claimants point out that the Disclosure Statement
as currently drafted fails in its central purpose, which is to
provide Abuse Claimants (including Future Claimants -- two of whom
are Non-Committee Claimants) with the information necessary to
meaningfully evaluate their proposed treatment under the Plan.  It
cannot be approved in its current form.

The Non-Committee Claimants further point out that most critically,
the Disclosure Statement omits the Allocation Protocol, which is
the single most important facet of the Plan for voting creditors.
The Allocation Protocol dictates how much each creditor will
receive on account of his or her Abuse Claim, yet it is nowhere to
be found in the Plan or Disclosure Statement currently on file. The
version of the Plan filed last month included an empty Exhibit H
("Allocation Protocol [To Be Supplemented]"), and the revised
version filed just seven days prior to the objection deadline now
promises to provide the missing Allocation Protocol "Prior To The
Disclosure Statement Hearing." Plan Ex. H. This unjustified delay
deprives creditors of the opportunity to meaningfully evaluate the
adequacy of disclosures regarding the Allocation Protocol. Abuse
Claimants should have at least 28 days to review the complete Plan
and Disclosure Statement – including the all-important Allocation
Protocol – prior to Court's approval of solicitation and voting.

The Non-Committee Claimants assert that the Disclosure Statement is
also inadequate with respect to Future Claims and Future Claimants.
It fails to quantify or estimate the potential number and amount of
such claims, or even acknowledge the indisputable fact that certain
of the Abuse Claims that were filed after the Bar Date (but are
nonetheless actually on file) qualify as Future Claims. Nor does
the Disclosure Statement provide any explanation or justification
for reserving just 1% of available funds for Future Claimants –
and certainly no showing that such a small reserve will in fact
suffice to provide Future Claimants the same compensation as other
Abuse Claimants. In addition, Future Claimants appear to be subject
to a separate (and presumably unequal) Allocation Protocol, and are
excluded from the important and potentially highly valuable right
to participate in litigation against Non-Settling Insurers, all
without any explanation or justification for such exclusion.

According to Non-Committee Claimants, finally, the liquidation
analysis is incomplete and misleading.  It asserts that in a
hypothetical chapter 7 liquidation there would be no net assets
available to make distributions to holders of Abuse Claims or
Future Claims, even though there is in fact ample insurance
coverage. Nor does the liquidation analysis account for the fact
that in a hypothetical chapter 7 case, there would be no channeling
injunction and hence no bar on the pursuit of culpable third
parties – including, in particular, the USOPC. If the channeling
injunction is truly as valuable as it is represented to be, then
the Disclosure Statement should include an estimate of what
creditors are giving up if they provide the votes to confirm the
Plan and thereby implement the channeling injunction.

Bankruptcy Counsel for the Non-Committee Claimants:

     Robert J. Pfister, Esq.
     Michael L. Tuchin, Esq.
     Thomas E. Patterson, Esq.
     Sasha M. Gurvitz, Esq.
     KTBS Law LLP
     1801 Century Park East, 26th Floor
     Los Angeles, California 90067
     Telephone: (310) 407-4000
     Facsimile: (310) 407-9090
     Email: rpfister@ktbslaw.com
            mtuchin@ktbslaw.com
            tpatterson@ktbslaw.com
            sgurvitz@ktbslaw.com

                       About USA Gymnastics

USA Gymnastics -- https://www.usagym.org/ -- is a not-for-profit
organization incorporated in Texas.  Based in Indianapolis,
Indiana, USAG's organization encompasses six disciplines: women's
gymnastics, men's gymnastics, trampoline and tumbling, rhythmic
gymnastics, acrobatic gymnastics, and group gymnastics.  USAG
provides educational opportunities for coaches and judges, as well
as gymnastics club owners and administrators, and sanctions
approximately 4,000 competitions and events throughout the United
States annually.  More than 200,000 athletes, professionals, and
clubs are members of USAG.  USAG sets the rules and policies that
govern the sport of gymnastics in the United States, including
selecting and training the United States gymnastics teams for the
Olympics and World Championships.  As of the Petition Date, USAG
employs 53 individuals, nearly all of whom work for USAG
full-time.

USA Gymnastics sought Chapter 11 protection (Bankr. S.D. Ind. Case
No. 18-09108) on Dec. 5, 2018.  USAG estimated $50 million to $100
million in assets and the same range of liabilities as of the
bankruptcy filing.

The Hon. Robyn L. Moberly is the case judge.

USAG tapped JENNER & BLOCK LLP as counsel; ALFERS GC CONSULTING,
LLC and SCRAMBLE SYSTEMS, LLC, as business consulting services
providers; and OMNI Management Group, Inc., as claims agent.


USA GYMNASTICS: Disclosures Inadequate, Twistars Says
-----------------------------------------------------
Gedderts' Twistars USA Gymnastics Club, Inc., Twistars USA, Inc.,
John Geddert, and Kathryn Geddert (collectively, the "Twistars
Parties"), in response to the Disclosure Statement for the First
Amended Joint Chapter 11 Plan of Reorganization Proposed by USA
Gymnastics and the Additional Tort Claimants Committee of Sexual
Abuse Survivors.

During the pendency of the Bankruptcy Case, the Twistars Parties
have actively worked with the Debtor, the Additional Tort Claimants
Committee of Sexual Abuse Survivors (the "Committee") and other
constituents in an effort to resolve certain issues.

The Twistars Parties, however, point out that the Disclosure
Statement still lacks adequate information.

   * The Disclosure Statement needs to clarify that the channeling
injunction in favor of the Twistars Parties and their employees,
officers, agents, attorneys, and directors – and the payment of
the Twistars Contribution of $2.125M – is not contingent on the
election made by Survivor Claimants.

   * Section 12.3(B) of the Plan provides that the holder of a
Channeled Claim is enjoined from enforcement of the Channeled Claim
against a Protected Party. Although the Twistars Parties receive
the benefit of the channeling injunction by virtue of their
inclusion in the definition of "Participating Party," the Plan
should be clarified to make clear that the Twistars Settling
Insurers also are receiving the benefit of this channeling
injunction directly.

   * Section 12.9 of the Plan includes a mutual release by and
between, inter alios, the Debtor, Reorganized Debtor and Bankruptcy
Estate on one hand and the Participating Parties, Non-Debtor CGL
Settling Insurer Covered Persons, and Settling Insurers on the
other hand related to any and all claims or causes of action
against each other and their respective Related Persons. Such a
release was neither a condition of the previously agreed upon
settlement nor agreed to by the Twistars Parties.

   * The Disclosure Statement must provide that the Survivor
Claimants must execute a release in the form and manner acceptable
to the Twistars Parties.

   * There are instances in which "Twistars" is misspelled as
"Twisters" that require correction. While the amended Plan and
Disclosure Statement have made one such revision, others remain.
Indeed, there is reference to the "Twisters (sic) Payment" on Page
12 of the Disclosure Statement that requires correction.

The Twistars Parties assert that their objections to the Disclosure
Statement, however, must be remedied so that the Disclosure
Statement contains adequate information.

Attorneys for Gedderts' Twistars USA Gymnastics Club, Inc. Twistars
USA,
Inc., John Geddert, and Kathryn Geddert:

     Charles D. Bullock
     STEVENSON & BULLOCK, P.L.C.
     26100 American Drive, Suite 500
     Southfield, MI 48034
     Phone: (248) 354-7906
     Facsimile: (248) 354-7907
     Email: cbullock@sbplclaw.com

              - and -

     Cameron R. Getto
     ZAUSMER, AUGUST & CALDWELL, P.C.
     32255 Northwestern Hwy., Suite 225
     Farmington Hills, MI 48334
     Phone: (248) 851-4111
     Facsimile: (248) 851-0100
     Email: cgetto@zacfirm.com

                      About USA Gymnastics

USA Gymnastics -- https://www.usagym.org/ -- is a not-for-profit
organization incorporated in Texas.  Based in Indianapolis,
Indiana, USAG's organization encompasses six disciplines: women's
gymnastics, men's gymnastics, trampoline and tumbling, rhythmic
gymnastics, acrobatic gymnastics, and group gymnastics.  USAG
provides educational opportunities for coaches and judges, as well
as gymnastics club owners and administrators, and sanctions
approximately 4,000 competitions and events throughout the United
States annually.  More than 200,000 athletes, professionals, and
clubs are members of USAG.  USAG sets the rules and policies that
govern the sport of gymnastics in the United States, including
selecting and training the United States gymnastics teams for the
Olympics and World Championships.  As of the Petition Date, USAG
employs 53 individuals, nearly all of whom work for USAG
full-time.

USA Gymnastics sought Chapter 11 protection (Bankr. S.D. Ind. Case
No. 18-09108) on Dec. 5, 2018.  USAG estimated $50 million to $100
million in assets and the same range of liabilities as of the
bankruptcy filing.

The Hon. Robyn L. Moberly is the case judge.

USAG tapped JENNER & BLOCK LLP as counsel; ALFERS GC CONSULTING,
LLC and SCRAMBLE SYSTEMS, LLC, as business consulting services
providers; and OMNI Management Group, Inc., as claims agent.


USA GYMNASTICS: Plan Disclosures Inadequate, TIG Says
-----------------------------------------------------
TIG Insurance Company ("TIG"), an insurer and party in interest in
the chapter 11 case, submitted an objection to USA Gymnastics'
motion for order approving the Disclosure Statement and Plan
Confirmation procedures.

TIG asserts that:

   * The Debtors' failure to include any meaningful discussion of
the allocation protocol in the disclosure statement means that the
disclosure statement does not provide "Adequate Information."  The
Plan provides that "[d]istributions and reserves from the Trust to
Abuse Claimants and Future Claimants will be determined by
application of the Allocation Protocol and the Future Claimant
Allocation Protocol, as the case may be." Plan § 3.11 (the
Allocation Protocol and Future Claimant Protocol are referred to
herein as the "TDP"). The Plan's treatment of Class 6 and 10 claims
is completely governed by the TDP, which is to be Exhibit D to the
Plan (along with the Trust Agreement). No claimant can make an
informed decision on the Plan without knowing how his or her claim
will be treated.  The Disclosure Statement fails to discuss the
TDP, which controls the treatment of the abuse claims under the
Plan (Classes 6 and 10).  Neither the Plan nor the Disclosure
Statement attaches the proposed TDP.  The Debtor's motion to
approve the Disclosure Statement acknowledged this deficiency but
stated that this critical document would be filed by September 22.
The Debtor has failed to meet this self-imposed disclosure
deadline, leaving claimants with no meaningful chance to review or
comment on a critical plan document. Because the Disclosure
Statement does not attach or even describe those documents, it does
not contain adequate information as required by § 1125.

   * The Plan is internally inconsistent as to litigation claims.
Section 10.4 of the Plan provides that an "Abuse Claimant holding
an Abuse Claim insured solely by one or more Non-Settling Insurers"
is authorized to pursue her claim against the Debtor or any
participating party but that their recovery is limited to
Non-Settling Insurance proceeds. Exhibit E to the Plan purports to
list Abuse Claims by CGL Insurance Policy of Non-Settling Insurers.
However, neither the Plan nor the Disclosure Statement informs
claimants that the large majority of the claims identified on
Exhibit E also potentially implicate years of coverage issued by
Settling Insurers and, thus, are not "solely" insured by
Non-Settling Insurers so as to be eligible to pursue their claim
against the Debtor for purposes of seeking recovery from a
Non-Settling Insurer.

   * The Disclosure Statement contains no disclosure concerning the
treatment of contribution claims.  The Plan and Disclosure
Statement similarly fail to provide for the treatment of
third-party contribution claims or describe how such claims will be
handled. The Plan provides that such claims will be channeled to
the Trust and third-party insurers such as TIG will be enjoined
from pursuing contribution claims against Settling Insurers.

   * The Disclosure Statement should disclose that the plan seeks
improper declarations concerning coverage.  The Debtor's proposed
Plan includes gratuitous, self-serving declarations concerning the
effect of the Trust's assumption of liability for abuse claims.
These types of proposed findings and rulings regarding the
insurers' potential coverage obligations are akin to seeking
declaratory judgment on non-core, state-law insurance coverage
issues. Such rulings cannot properly be included in a Plan or
confirmation order under § 1123 of the Bankruptcy Code.

   * The Plan's assignment provisions exceed the court's power.
Under applicable state law and the TIG Policies, coverage exists
only to indemnify its insured for covered judgments and settlements
entered into with TIG's consent. By attempting to transfer the
policy rights without TIG's consent, Debtor is attempting to change
the entity that TIG is required to indemnify to claimants that are
adverse to the Debtor, and thus adverse to TIG.

   * The proposed findings that attach to the insurance rights are
inconsistent with the Bankruptcy Code.  The proposed Plan seeks to
improperly prejudge insurance coverage issues. The TIG Policies
contain conditions to the insurers' liability, including the
establishment of the Debtor's liability by either a settlement
consented to by TIG or an actual trial. Neither of these conditions
have occurred with respect to any of the claims against the Debtor
that have been tendered to TIG.

   * The Plan contains impermissible findings.  The Bankruptcy
Court does not have the power to decide as part of confirmation
that a non-debtor does not have a claim against a third party. TIG
contends that it does have such claims, and this Court cannot
eliminate those claims by fiat as part of a confirmation
proceeding.

   * The Plan is not insurance neutral.  The Plan contains numerous
provisions that purport to preserve Non-Settling Insurers'
obligations, but it also contains multiple provisions expressly
stating that such an insurer is precluded from making various state
law arguments. It further provides that the Debtor's actions in
connection with the Plan have no impact on coverage.

   * The balloting procedures are inappropriate.  The proposed
balloting procedures do not provide for the classification and
voting of contribution claims against non-debtors. If such claims
are to be enjoined, and effectively discharged, the Plan must make
adequate provision for such claims, including via classification
and voting. In totally ignoring such claims, the balloting
procedures are entirely defective.

Counsel for TIG Insurance Company:

     George R. Calhoun
     IFRAH LAW
     1717 Pennsylvania Avenue NW, Suite 650
     Washington, DC 20006
     (202) 524-4147
     george@ifrahlaw.com

     Heather E. Simpson
     KENNEDYS CMK LLP
     120 Mountain View Boulevard
     P.O. Box 650
     Basking Ridge, NJ 07920
     (908) 848-6300
     heather.simpson@kennedyslaw.com

     David Temple
     Sean T. Devenney
     DREWRY SIMMONS VORNEHM, LLP
     736 Hanover Place, Suite 200
     Carmel, IN 46032
     Tel: (317) 580-4848
     Fax: (317) 580-4855
     E-mail: dtemple@dsvlaw.com

                        About USA Gymnastics

USA Gymnastics -- https://www.usagym.org/ -- is a not-for-profit
organization incorporated in Texas.  Based in Indianapolis,
Indiana, USAG's organization encompasses six disciplines: women's
gymnastics, men's gymnastics, trampoline and tumbling, rhythmic
gymnastics, acrobatic gymnastics, and group gymnastics.  USAG
provides educational opportunities for coaches and judges, as well
as gymnastics club owners and administrators, and sanctions
approximately 4,000 competitions and events throughout the United
States annually.  More than 200,000 athletes, professionals, and
clubs are members of USAG.  USAG sets the rules and policies that
govern the sport of gymnastics in the United States, including
selecting and training the United States gymnastics teams for the
Olympics and World Championships.  As of the Petition Date, USAG
employs 53 individuals, nearly all of whom work for USAG
full-time.

USA Gymnastics sought Chapter 11 protection (Bankr. S.D. Ind. Case
No. 18-09108) on Dec. 5, 2018.  USAG estimated $50 million to $100
million in assets and the same range of liabilities as of the
bankruptcy filing.

The Hon. Robyn L. Moberly is the case judge.

USAG tapped JENNER & BLOCK LLP as counsel; ALFERS GC CONSULTING,
LLC and SCRAMBLE SYSTEMS, LLC, as business consulting services
providers; and OMNI Management Group, Inc., as claims agent.


USA GYMNASTICS: UST Says Plan Patently Unconfirmable
----------------------------------------------------
Nancy J. Gargula, the United States Trustee for Region 10 (the
"U.S. Trustee"), objects to the approval of USA Gymnastics' USA
Gymnastics' Disclosure Statement because the Disclosure Statement
lacks adequate information, and the underlying plan is patently
unconfirmable.

The U.S. Trustee points out that the survivor claimants need to
know the CGL insurance policies' liability limits to fairly
evaluate the Joint Plan. The Debtor goes into significant detail
regarding the Class 6 ("Survivor Claims") claimants' Full or
Partial Settlement Alternatives1 and the risks of the Litigation
Only Alternativ. The Debtor describes, in summary form, $425m in
CGL Settlement Offers made to the CGL Insurers and describes
insurance policies the Debtor, the Karolyis, and USOPC had in
effect at various times. But the Debtor does not include any
information, even disputed information, about the CGL Insurers'
liability limits under the CGL Insurance Policies. As a result,
Survivor Claimants cannot determine if the Full or Partial
Settlement Alternatives represent a fair deal monetarily as they do
not know how much money is potentially available for compensation
if they were to choose to reject the Joint Plan.

The U.S. Trustee further points out that the survivors' need to
know the individual amounts of the CGL Insurers' Settlement Offers
to fairly evaluate the Joint Plan.  The Disclosure Statement does
not include the accepted CGL Insurer Settlement Offers. The
Disclosure Statement includes the CGL Settlement Offers for those
CGL Insurers who have yet to accept those offers; but fails to
include that same information for those insurers who have accepted
the offers. This issue is similar to the failure to disclose the
policy liability limits as noted above. Survivor Claimants cannot
determine if the Full or Partial Settlement Alternatives represent
a fair deal monetarily because they do not know how much money is
potentially available for compensation as compared to the amount
being offered from each CGL Insurer.

Moreover, the U.S. Trustee asserts that no detail is provided about
the relationship between the Debtor and some of the entities to be
protected by the channeling injunction.  The Disclosure Statement
supplies a short biography for the members of the Debtor's current
board of directors. It does not provide any information about some
of the people and entities who would be covered by the Channeling
Injunction and what their relationship is to the Debtor. To
determine if it is in their best interests to vote in favor of the
plan, the Survivor Claimants should be given information as to who
is on the list of Non-Debtor CGL Settling Insurer Covered Persons,
Participating Parties, and Related Persons, so the Survivor
Claimants can determine if releasing each person or entity is
appropriate.

According to the U.S. Trustee, the litigation only alternative
continues to shelter debtor's assets from liability.  The Debtor
provides limited detail regarding the Litigation Only Alternative.
The Litigation Only Alternative still provides a discharge to the
Debtor and limits recovery for the Survivor Claimants to any funds
they can recover from the CGL Insurance Policies.  The Debtor is
not contributing any of its current assets or future income to fund
recoveries, if any, by Survivors.  Further, the Litigation Only
Alternative requires Holders of Abuse Claims to either recommence
their prepetition lawsuits or to initiate new lawsuits within 30
days following the Effective Date of the Joint Plan.  The
acceptance of the Litigation Only Alternative appears to provide no
benefit to the Survivor Claimants and is tantamount to rejection of
the Joint Plan but with more limitations on those claimants' rights
to recovery than if the Joint Plan were not approved.

The U.S. Trustee points out that insufficient information regarding
the survivors' claims' treatment.  The Class 6 Survivors' Claimants
are to be paid pursuant to the Allocation Protocol and the Class 10
Future Claimants are to be paid pursuant to the Future Claimant
Allocation Protocol via the FCR. The Allocation Protocol and Future
Claimant Allocation Protocol should be attached to the Joint Plan
as Exhibits H and I, but they have not yet been supplied by the
Debtor or filed with the Court.

The U.S. Trustee further points out that the disclosure statement
should not be approved because the treatment of class 6 claims
under the full or partial settlement alternative renders the plan
patently unconfirmable.
Because the Allocation Protocol has not yet been filed, how the
Trust would distribute funds among Survivor Claimants is unknown.
However, the need to have an Allocation Protocol implies that the
Debtor and the Committee intend to implement some distribution
methodology other than pro rata. In the absence of the Allocation
Protocol the U.S. Trustee will utilize the terms of a prior version
of the Trust Agreement filed on February 21, 2020, to explain her
argument against a distribution scheme that is not pro rata. Under
the Prior Trust Agreement holders of Survivor Claims were provided
one of four different treatments if the class elected to settle
their claims, rather than to litigate.

                       About USA Gymnastics

USA Gymnastics -- https://www.usagym.org/ -- is a not-for-profit
organization incorporated in Texas.  Based in Indianapolis,
Indiana, USAG's organization encompasses six disciplines: women's
gymnastics, men's gymnastics, trampoline and tumbling, rhythmic
gymnastics, acrobatic gymnastics, and group gymnastics.  USAG
provides educational opportunities for coaches and judges, as well
as gymnastics club owners and administrators, and sanctions
approximately 4,000 competitions and events throughout the United
States annually.  More than 200,000 athletes, professionals, and
clubs are members of USAG.  USAG sets the rules and policies that
govern the sport of gymnastics in the United States, including
selecting and training the United States gymnastics teams for the
Olympics and World Championships.  As of the Petition Date, USAG
employs 53 individuals, nearly all of whom work for USAG
full-time.

USA Gymnastics sought Chapter 11 protection (Bankr. S.D. Ind. Case
No. 18-09108) on Dec. 5, 2018.  USAG estimated $50 million to $100
million in assets and the same range of liabilities as of the
bankruptcy filing.

The Hon. Robyn L. Moberly is the case judge.

USAG tapped JENNER & BLOCK LLP as counsel; ALFERS GC CONSULTING,
LLC and SCRAMBLE SYSTEMS, LLC, as business consulting services
providers; and OMNI Management Group, Inc., as claims agent.


USF HOLDINGS: S&P Downgrades ICR to 'CCC+', Outlook Developing
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on North
American automotive supplier USF Holdings LLC to 'CCC+' from 'B'.

S&P said, "At the same time, we lowered our issue-level rating on
the company's senior secured term loan to 'CCC+' from 'B'. The '3'
recovery rating indicates our expectation for meaningful recovery
(50%-70%; rounded estimate: 60%) in the event of a default.

"The developing outlook reflects that we could raise or lower our
ICR on USF depending upon its ability to offset the inflationary
effects of rising resin costs and factory wages and improve its
free cash flow generation to at least breakeven while maintaining
sufficient liquidity as its sales volumes approach normalized
levels in fiscal year 2022.

The downgrade reflects USF's weakening liquidity, due to its lower
margins and negative free cash flow, and the possibility that its
liquidity may tighten further. The company's operations and
top-line revenue have been adversely affected by the slowdown in
North American automotive production because of ongoing
semiconductor chip shortages, as well as its lower operating
margins. At the same time, USF's gross profitability and EBITDA
margins have declined because of inflationary pressures from rising
resin costs and higher factory wages. Over 50% of the company's
spending on resin is for products it sells under contracts that do
not feature direct pass-through mechanism to its original equipment
manufacturer (OEM) customers. USF's commodity resin prices have
risen by 100% relative to the prior year, which compressed its
margins in fiscal year 2021 because it was unable to offset the
increase by raising prices on products sold to its customers. This
cost inflation has increased the company's leverage, weakened its
liquidity, and caused it to generate negative free operating cash
flow.

USF is at higher risk of breaching its total debt to EBITDA
financial covenants given its tightening covenant headroom, which
we forecast will be less than 10.0%. Additionally, the availability
under its asset-based lending (ABL) facility has fallen to $27.9
million as of the end of the second quarter. S&P anticipates that
the company may need to increase its reliance on the ABL revolver,
via formal draws or increased usage of receivables factoring, to
finance its operations, working capital, and growth capital
expenditure over the next couple of quarters.

The magnitude and timing of the recovery in OEM production volumes,
as well as increases in its customer pricing to offset inflationary
cost pressures, are uncertain. USF's credit metrics and liquidity
could rebound fairly quickly if it successfully passes through its
increased costs to its customers or if resin prices fall due to
increased capacity in the petrochemical industry. However, a
failure to pass on these costs to its OEM customers in a timely
manner would further erode its liquidity.

S&P said, "The developing outlook on USF reflects that we could
raise or lower our ICR depending upon the company's ability to
offset the inflationary effects of rising resin costs and factory
labor wages, improve its free cash flow to at least breakeven, and
maintain sufficient liquidity as its sales volumes approach
normalized levels in fiscal year 2022."

S&P could downgrade USF if:

-- Its liquidity profile deteriorates further because of sustained
negative free operating cash flows, which could occur if its
margins remain weak due to lower volumes and sustained inflationary
cost pressures; and

-- It appears likely to breach any of its financial covenants or
triggers the springing liquidity ratio on its ABL revolver.

S&P would consider upgrading USF if:

-- It is able to offset the inflationary effects of rising resin
costs and factory labor wages, potentially through favorable price
negotiations with its OEM customers as its volumes improve in
2022;

-- Its liquidity improves because its free cash flow approaches
breakeven; and

-- It increases its covenant headroom (with at least 15% EBITDA
cushion) by improving its financial performance.



VECTOR GROUP: Egan-Jones Keeps CCC Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on September 13, 2021, maintained its
'CCC' foreign currency and local currency senior unsecured ratings
on debt issued by Vector Group Ltd.

Headquartered in Miami, Florida, Vector Group Ltd. operates as a
holding company.



VIASAT INC: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company, on September 14, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by Viasat, Inc. EJR also maintained its 'B' rating
on commercial paper issued by the Company.

Headquartered in Carlsbad, California, Viasat, Inc. operates as a
communication company.



WENDY'S COMPANY: Egan-Jones Keeps B- Senior Unsecured Ratings
-------------------------------------------------------------
Egan-Jones Ratings Company, on September 9, 2021, maintained its
'B-' foreign currency and local currency senior unsecured ratings
on debt issued by Wendy's Company.

Headquartered in Dublin, Ohio, Wendy's Company operates fast-food
restaurants.



WESCO INTERNATIONAL: Egan-Jones Keeps B+ Senior Unsecured Ratings
-----------------------------------------------------------------
Egan-Jones Ratings Company, on September 17, 2021, maintained its
'B+' foreign currency and local currency senior unsecured ratings
on debt issued by WESCO International, Inc.

Headquartered in Pittsburgh, Pennsylvania, WESCO International,
Inc. distributes electrical products and other industrial
maintenance, repair, and operating supplies.



WYNN RESORTS: Egan-Jones Keeps CCC+ Senior Unsecured Ratings
------------------------------------------------------------
Egan-Jones Ratings Company, on September 7, 2021, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by Wynn Resorts, Limited. EJR also maintained its
'B' rating on commercial paper issued by the Company.

Headquartered in Las Vegas, Nevada, Wynn Resorts, Limited owns and
operates luxury hotels and destination casino resorts in Las Vegas,
Nevada, Macau, and China.



YUNHONG CTI: Signs New $6M ABL Senior Secured Credit Facility
-------------------------------------------------------------
Yunhong CTI Ltd. has completed a refinancing of its term loan
obligations and entered into a new revolving credit and security
agreement establishing a $6 million asset-based lending (ABL)
senior secured credit facility which matures on Sept. 30, 2023.
The new senior facilities replaces the company's prior senior
secured credit facility, which was to mature on Dec. 31, 2021.  The
new senior facilities are secured by substantially all assets of
the company.

The new senior facilities provide additional liquidity and fewer
restrictive financial covenants than Yunhong's prior senior secured
credit facility.  This is expected to create operational runway as
the company moves forward with its strategic initiatives designed
to improve performance and growth.

"The execution of this refinancing is an important milestone for
the company and a critical next step in our journey.  This
completes the foundational elements of our multi-year strategic
roadmap.  We have accelerated our efforts around these initiatives
and securing the new financial facility allows us to head into 2022
on a sounder financial foundation to support our growth
objectives," said Jana Schwan, chief operating officer of the
Yunhong CTI.

"Under the new senior credit facility, the company will have fewer
restrictive financial covenants than the previous credit agreement
as well as a lower rate of interest.  To successfully execute the
company's strategy, it is essential that we have a capital
structure in place that provides added liquidity to invest in the
growth initiatives we have planned and better positions the company
to navigate through cyclical economic environments," said Jennifer
Connerty, chief financial officer of Yunhong CTI.

                         About Yunhong CTI

Lake Barrington, Illinois-based Yunhong CTI Ltd. --
www.ctiindustries.com -- develops, produces, distributes and sells
a number of consumer products throughout the United States and in
over 30 other countries, and it produces film products for
commercial and industrial uses in the United States.  Many of the
Company's products utilize flexible films and, for a number of
years, it has been a leading developer of innovative products which
employ flexible films including novelty balloons, pouches and films
for commercial packaging applications.

Yunhong CTI reported a net loss of $4.25 million for the 12 months
ended Dec. 31, 2020, compared to a net loss of $8.07 million for
the 12 months ended Dec. 31, 2019.  As of June 30, 2021, the
Company had $24.48 million in total assets, $18.22 million in total
liabilities, and $6.26 million in total shareholders' equity.

New York, NY-based RBSM LLP, the Company's auditor since 2019,
issued a "going concern" qualification in its report dated April
15, 2021, citing that the Company has suffered recurring losses
from operations and will require additional capital to continue as
a going concern.  In addition, the Company is in violation of
certain covenants agreed to with PNC Bank which if not resolved
could result in PNC Bank initiating liquidation proceedings.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


ZAANA-17 LLC: $640K Sale of Pelham Property to Gurneys Approved
---------------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Zaana-17, LLC's sale of all of
its rights, title and interest in the property known as Lot 7 or 8
Chardonnay Road, in Pelham, New Hampshire 03076, to Melissa and
Seth Gurney for $639,900.

The Sale Hearing on the Sale Motion was held on Sept. 30, 2021.

The Purchase and Sale Agreement is approved and the Debtor and the
Buyer are each authorized to take any actions necessary or
appropriate to: (i) consummate the Sale of the Lot 8 by the
Purchaser and the closing of the Sale in accordance with the
Purchase and Sale Agreement and this order; and (ii) consummate the
Purchase and Sale Agreement together with all additional
instruments and documents that may be reasonably necessary or
desirable to consummate the Purchase and Sale Agreement.

The sale is free and clear of all liens, claims, encumbrances, and
interests.

The Order constitutes a final order within the meaning of 28 U.S.C.
Section 158(a). Notwithstanding any provision in the Bankruptcy
Rules to the contrary, the Court expressly finds there is no reason
for delay in the implementation of the Order and, accordingly: (i)
the terms of the Order will be immediately effective and
enforceable upon its entry; (ii) the Debtor is not subject to any
stay in the implementation, enforcement or realization of the
relief granted in the Order; and (iii) the Debtor may, in its
discretion and without further delay, take any action and perform
any act authorized under the Order.

The Closing will take place and payment of the Purchase Price will
take place following entry of a Final Order of the United States
Bankruptcy Court approving the sale and as otherwise extended in
writing as set forth in the Purchase and Sale Agreement.

                        About Zaana-17

Zaana-17 LLC, based in Dracut, MA, filed a Chapter 11 petition
(Bankr. D. Mass. Case No. 20-41170) on Dec. 16, 2020.  In the
petition signed by Frank J. Gorman, Sr., manager, the Debtor was
estimated to have $1 million to $10 million in both assets and
liabilities.  The Hon. Christopher J. Panos presides over the
case.

PARKER & LIPTON, serves as bankruptcy counsel to the Debtor.



[*] Pre-Bankruptcy Payouts Under Fire from U.S. Govt. Watchdog
--------------------------------------------------------------
Ben Unglesbee of Retail Dive reports that pre-bankruptcy bonuses
have become so commonplace that they are often an indication that a
Chapter 11 is imminent.  Retail likely accounts for an outsized
share of such bonuses, for the simple reason that the retail
represents the most bankruptcies of any other industry except the
oil and gas field, according to Debtwire data.

The retailers listed above each paid millions in retention bonuses
to key executives in the months, weeks or even days before filing.


J.C. Penney, for example, paid $10 million in retention bonuses to
top managers just days before the company filed. That included more
than $4 million to then-CEO Jill Soltau, who would go on to leave
company shortly following its acquisition by Simon Property Group
and Brookfield Asset Management later in the year.

Such bonuses are subjected to strict court oversight if they are
paid during bankruptcy, after Congress in 2005 put tight
restrictions on executive bonuses in the Bankruptcy Code.

As the GAO details, for a bankrupt company to pay a retention
bonus, the executive must have an actual job offer for the same or
greater compensation, the executive's services must be essential to
the company's survival, and the bonus can't be greater than 10
times average bonus to non-management employees. No such rules
apply to bonuses ahead of a bankruptcy.

The bonuses are ostensibly paid to keep a management team in place
so that a company can survive a court restructuring or sale.  That
assumes executives would jump ship in the short term without the
payouts, and that their work at the company is essential to its
immediate survival.

Aside from the optics of paying millions to the managers of a
company that can't meet its financial obligations, the bonuses
represent cash not there for creditors during the Chapter 11
process.  That matters especially as several retail bankruptcies,
including that of Toys R Us, have left vendors shortchanged and
employees without jobs or meaningful severance.

Executives at Toys R Us have been sued by former vendors for a host
of things, including pre-bankruptcy bonuses.  According to emails
brought to light in litigation in early September 2017, then-Toys R
Us CEO Dave Brandon and his chief talent officer learned from their
restructuring attorneys at Kirkland & Ellis that any bonuses and
their amounts would be under much greater restrictions during a
bankruptcy.  Their solution was to pay themselves bonuses --
including $2.8 million to Brandon -- mere days before Toys R Us
filed for Chapter 11.

Some experts say such bonuses could be clawed back by unsecured
creditors through lawsuits, such as the one filed against former
Toys R Us leaders. The GAO report notices that the Bankruptcy
Code's fraudulent transfer provisions could be used by unsecured
creditors and other affected parties to rein in pre-bankruptcy
bonuses.  But such litigation is expensive, the arguments are
difficult to prove and the outcomes are always uncertain.

That means, under the status quo, most bonuses would likely remain
intact. As David Farrell, a partner with law firm Thompson Coburn,
told Retail Dive earlier this year: "Worst case, you might have to
give some of it back, but probably not all of it.  And you might
get away with getting to keep all of it. So what's the downside?  I
mean, there's reputation and the public scrutiny that comes with
this.  But that doesn't seem to be a big inhibition [for] any of
the executives so far."


[^] BOND PRICING: For the Week from October 4 to 8, 2021
--------------------------------------------------------

  Company                    Ticker  Coupon Bid Price   Maturity
  -------                    ------  ------ ---------   --------
BPZ Resources Inc            BPZR     6.500     3.017   3/1/2049
Basic Energy Services Inc    BASX    10.750     7.250 10/15/2023
Basic Energy Services Inc    BASX    10.750    15.125 10/15/2023
Bath & Body Works Inc        BBWI     5.625   108.353 10/15/2023
Buffalo Thunder
  Development Authority      BUFLO   11.000    50.000  12/9/2022
Carlson Travel Inc           CARLTV  11.500    49.100 12/15/2026
Carlson Travel Inc           CARLTV  11.500    34.500 12/15/2026
Endo Finance LLC             ENDP     5.750    92.875  1/15/2022
Endo Finance LLC             ENDP     5.750    91.269  1/15/2022
Energy Conversion Devices    ENER     3.000     7.875  6/15/2013
Energy Future Competitive
  Holdings Co LLC            TXU      0.921     0.072  1/30/2037
Federal Home Loan Banks      FHLB     1.000    99.572  4/15/2026
Federal Home Loan Banks      FHLB     0.125    99.835 10/13/2021
Federal Home Loan
  Mortgage Corp              FHLMC    0.300    99.880 10/13/2023
GNC Holdings Inc             GNC      1.500     1.250  8/15/2020
GTT Communications Inc       GTTN     7.875     9.924 12/31/2024
GTT Communications Inc       GTTN     7.875    10.250 12/31/2024
Goodman Networks Inc         GOODNT   8.000    38.205  5/11/2022
International Paper Co       IP       3.000   108.152  2/15/2027
MAI Holdings Inc             MAIHLD   9.500    16.800   6/1/2023
MAI Holdings Inc             MAIHLD   9.500    16.800   6/1/2023
MAI Holdings Inc             MAIHLD   9.500    16.800   6/1/2023
MBIA Insurance Corp          MBI     11.386    11.500  1/15/2033
MBIA Insurance Corp          MBI     11.386    10.851  1/15/2033
MF Global Holdings Ltd       MF       9.000    15.625  6/20/2038
MF Global Holdings Ltd       MF       6.750    15.625   8/8/2016
NTC Capital I                NTRS     0.646    99.732  1/15/2027
NTC Capital II               NTRS     0.716    99.709  4/15/2027
National Rural Utilities
  Cooperative Finance Corp   NRUC     3.000    99.761 10/15/2021
National Rural Utilities
  Cooperative Finance Corp   NRUC     3.000    99.762 10/15/2021
Navajo Transitional
  Energy Co LLC              NVJOTE   9.000    65.000 10/24/2024
Nine Energy Service Inc      NINE     8.750    48.570  11/1/2023
Nine Energy Service Inc      NINE     8.750    48.756  11/1/2023
Nine Energy Service Inc      NINE     8.750    48.812  11/1/2023
OMX Timber Finance
  Investments II LLC         OMX      5.540     0.350  1/29/2020
Renco Metals Inc             RENCO   11.500    24.875   7/1/2003
Revlon Consumer Products     REV      6.250    43.372   8/1/2024
Riverbed Technology Inc      RVBD     8.875    67.396   3/1/2023
Riverbed Technology Inc      RVBD     8.875    67.396   3/1/2023
Rolta LLC                    RLTAIN  10.750     1.176  5/16/2018
Sears Holdings Corp          SHLD     6.625     0.573 10/15/2018
Sears Holdings Corp          SHLD     6.625     1.281 10/15/2018
Sears Roebuck Acceptance     SHLD     7.000     1.014   6/1/2032
Sears Roebuck Acceptance     SHLD     6.500     1.083  12/1/2028
Sears Roebuck Acceptance     SHLD     6.750     1.058  1/15/2028
Sears Roebuck Acceptance     SHLD     7.500     1.160 10/15/2027
Sempra Texas Holdings Corp   TXU      5.550    13.500 11/15/2014
Talen Energy Supply LLC      TLN      4.600    90.342 12/15/2021
Talen Energy Supply LLC      TLN      9.500    77.962  7/15/2022
Talen Energy Supply LLC      TLN      9.500    77.655  7/15/2022
TerraVia Holdings Inc        TVIA     5.000     4.644  10/1/2019
Washington Prime Group LP    WPG      6.450    39.500  8/15/2024



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
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public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
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then-ending.

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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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