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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, March 2, 2022, Vol. 26, No. 60

                            Headlines

5035 N. LINCOLN: Taps Springer Larsen Greene as New Counsel
6855 JIMMY: Voluntary Chapter 11 Case Summary
975 WALTON BRONX: Seeks to Hire Property Valuation as Appraiser
AAIM CARE: Seeks to Hire Michael D. O'Brien as Legal Counsel
ACER THERAPEUTICS: Appoints Adrian Quartel as Chief Medical Officer

ACM DEVELOPMENT: Gets OK to Hire Duerr & Cullen as Accountant
AGILON ENERGY: $75.5MM Cash Sale of Assets to TXCR Acquisition OK'd
AIPHARMA GLOBAL: Has Forbearance Deal with Aditxt Thru June 30
AIS HOLDCO: Moody's Affirms B3 CFR & B2 Rating on First Lien Debt
ALERISLIFE INC: Incurs $29.9 Million Net Loss in 2021

AMERICAN CRYOSTEM: Incurs $381K Net Loss in First Quarter
AMERICAN WAY: Unsecureds to Get Share of Net Income for 5 Years
ANDREW YOUNG: $35K Sale of D.A.Y.'s Gary Property to TP Colfax OK'd
APOLLO ENDOSURGERY: Bruce Robertson Resigns From Board of Directors
APOLLO ENDOSURGERY: Incurs $24.7 Million Net Loss in 2021

ARCHDIOCESE OF AGANA: To Try New Talks to Settle Local Abuse Claims
ASTON CUSTOM: $120K Sale of 3 Dallas Real Properties to SURJ Denied
ASTROTECH CORP: CVI, Heights Capital No Longer Own Common Shares
ATLAS FINANCIAL: Cayman Court OKs Scheme of Arrangement
ATLAS FINANCIAL: Sees Opportunity to Recapture Business

AUNT BETTYE'S: Seeks to Hire Brown Law Firm as Bankruptcy Counsel
AUSTIN AIRPORT: Case Summary & 20 Largest Unsecured Creditors
AUTOMOTIVE PARTS: Unsecureds to Recover 3.2% to 8.9% in Plan
BELL AND ARTHUR: Gets OK to Hire FactorLaw as Legal Counsel
BETTER 4 YOU: Seeks Cash Collateral Access

BFCD PROPERTIES: Hearing on Disclosure Statement on April 5
BLACK CREEK: April 12 Disclosure Statement Hearing Set
BODY TEK: Unsecured Will Cover 5% in 60 Months
BROOKLYN EVENTS: Moody's Alters Outlook on Ba1 Rating to Stable
BSPV-PLANO: Case Summary & 20 Largest Unsecured Creditors

CALIFORNIA STATEWIDE: Moody's Ups Rating on 2002B Term Bonds to Ba2
CARVANA CO: Incurs $287 Million Net Loss in 2021
CARVANA CO: Moody's Puts 'B3' CFR Under Review for Downgrade
CARVANA CO: To Buy ADESA US Physical Auction Biz From KAR for $2.2B
CEDAR FAIR: Incurs $48.5 Million Net Loss in 2021

CENTRO NGD HOLDINGS: Taps Akerman LLP as Bankruptcy Counsel
CENTURY ALUMINUM: Incurs $167.1 Million Net Loss in 2021
CHARLOTTE EQUITIES: Seeks to Hire Cushner & Associates as Counsel
CHF-DOVER LLC: S&P Affirms 'BB-' Rating on 2018A/B Revenue Bonds
CITIUS PHARMACEUTICALS: Leonard Mazur Reports 11.76% Equity Stake

CITIUS PHARMACEUTICALS: Myron Holubiak Lowers Equity Stake to 2.61%
CITY CHURCH: $5.5MM Sale of Huntersville Property to Bi-Part Okayed
COLE CAMP: Stipulation on Cash Collateral Access OK'd
CPE FEEDS: Voluntary Chapter 11 Case Summary
CRAIG A. POPE: $500K Sale of 21 Whitewater Vacant Lots Approved

CRECHALE PROPERTIES: $1.7MM Sale of Anne St. Apartments Withdrawn
CRECHALE PROPERTIES: $99.5K Sale of Hattiesburg Property Approved
CYPRESS CREEK: $330K Sale of Humble Property to A & K Approved
DIAMOND SPORTS: S&P Assigns Prelim 'B' Rating on $635MM Term Loan
DJ'S TOWING: Wins Final OK on Cash Collateral Access

DOCTOR DREDGE: Wins Cash Collateral Access
DRALA MOUNTAIN: Case Summary & 13 Unsecured Creditors
DRALA MOUNTAIN: Seeks Access to Cash Collateral
EKSO BIONICS: Incurs $9.8 Million Net Loss in 2021
EMPACADORA Y PROCESADORA: Seeks Approval to Hire Financial Advisor

EMPACADORA Y PROCESADORA: Taps Fuentes Law Offices as Counsel
ESTIATORIO ENT: Gets OK to Hire Richard Greco as Real Estate Broker
EXPRESS GRAIN: $81.7K Sale of Golfcarts and Flatbed Truck Approved
FLINT, MI: Final Judgment and Order Entered in Water Crisis Cases
FMBC INVESTMENTS: April 15 Plan Confirmation Hearing Set

FORUM ENERGY: CEO's Base Salary Rises to $600K
FULL HOUSE: Promotes John Ferrucci to Chief Operating Officer
FUSE GROUP: Sells $100K Convertible Note to Liu Marketing
GRAY LAND: $2.1MM Sale of Klickitat Property to Wilkins Approved
GREAT WESTERN: Fitch Puts 'B-' LongTerm IDR on Watch Positive

GREAT WESTERN: Moody's Puts 'B3' CFR Under Review for Upgrade
GVS TEXAS: Seeks Approval to Hire Reed Smith as Conflicts Counsel
IHEARTCOMMUNICATIONS INC: Moody's Alters Ratings Outlook to Stable
IHEARTMEDIA INC: S&P Upgrades ICR to 'B+' on Higher Revenue
INNERLINE ENGINEERING: Taps Resnik Hayes Moradi as Legal Counsel

INTELLIPHARMACEUTICS INTERNATIONAL: Has Going Concern Doubt
IRONSIDE LLC: Court Appoints Carey Brown as CRO
JC STRENGTH: Plan and Disclosure Statement Due July 5
JPA NO. 111: Auction of 2 Airbus A350-941 Aircrafts Set for March 8
JPA NO. 111: Auction of Substantially All Assets Set for March 8

JUST RELAX: $9.5K Sale of Personal Property to Spring Hill OK'd
KAR AUCTION: Moody's Puts 'B2' CFR Under Review for Upgrade
KERWIN BURL STEPHENS: Thunderbird's Sale of Leased Properties OK'd
LEATHERWOOD MARINA: Taps Michelle Ash of Simply Marinas as Broker
LORDSTOWN MOTORS: KPMG Issues Going Concern Doubt Warning

LOVELAND CLASSICAL: S&P Raises 2016 Revenue Bond Rating to 'BB+'
LSB INDUSTRIES: Swings to $43.5 Million Net Income in 2021
MACY'S INC: S&P Hikes ICR to 'BB' on Strong Performance Recovery
MANN'S WORLD: Trustee's May 13-15 Auction of Revolving Cannon OK'd
MANNY'S MEXICAN: Seeks to Hire TAP Consulting as Accountant

MAPLE MANAGEMENT: Unsecureds Will be Paid in Full in Plan
MARIA L. RADWANSKI: $96K Sale of Cumru Township Asset to JAJD OK'd
MARRIOTT OWNERSHIP: Moody's Alters Outlook on 'Ba3' CFR to Stable
MARRIOTT VACATIONS: S&P Upgrades ICR to 'BB-' on Continued Sales
MARRONE BIO: Chief Financial Officer Resigns

MAUI MEADOWS: Wins Interim Cash Collateral Access
MONTICELLO HORIZON: Sale of 4 Monticello Residential Homes Approved
MST CONSULTING: Files Emergency Bid to Use Cash Collateral
NATURE COAST: $72K Sale of 4 Dodge Ram 2500 ProMaster Approved
NEOVASC INC: CVI, Heights Capital Report 3.7% Equity Stake

NETWORK COMMUNICATIONS: Taps Berger Singerman as Legal Counsel
NORTH PIER OCEAN: Auction of North Pier Development Set for April 7
NRCT LLC: Court Approves $225K Sale of Real Property in Atlanta
NUVERRA ENVIRONMENTAL: Common Stock Delisted From Nasdaq
NUZEE INC: Signs Deal to Acquire Dripkit for $860K

OPERATION STIMULATION: Voluntary Chapter 11 Case Summary
OPTION CARE: Swings to $139.9 Million Net Income in 2021
PARKINSON SEED: May Recoup $212,000 from Brookside LLC
PB 6, LLC: 2nd Amended Plan Unconfirmable, Fundrise West Says
PB-6, LLC: Plan Disclosures Inadequate, U.S. Trustee Says

PDC ENERGY: Great Western Transaction No Impact on Moody's Ba2 CFR
PHI GROUP: Incurs $10.6 Million Net Loss in Second Quarter
PHUNWARE INC: CVI, Heights Capital Cease to be Shareholders
PIPELINE FOODS: Amends Plan to Resolve Chubb Issues
PLATINUM GROUP: Deepkloof Ltd, et al. Report 25.9% Equity Stake

PLAYA HOTELS: Incurs $89.7 Million Net Loss in 2021
PLUS THERAPEUTICS: Widens Net Loss to $13.4 Million in 2021
POST OAK TX: Wins Interim Cash Collateral Access
PRINCE FASHIONS: Taps Louis Fogel & Associates as Special Counsel
PUERTO RICO: PREPA Bondholders Say Mediator Needed for Plan B

QUICK CASH: Court Junks Al-Assi Bid to Set Aside Default Judgment
REGIONAL HEALTH: Incurs $1.2 Million Net Loss in 2021
RENEWABLE ENERGY: Moody's Puts 'B1' CFR Under Review for Upgrade
REVANCE THERAPEUTICS: PwC Raises Going Concern Doubt Warning
REYTECH SERVICES: Wins Interim Cash Collateral Access

RGN-GROUP: Objection to TIAA Claim for Attorneys' Fees Overruled
RIVERA FAMILY: Seeks to Hire TAP Consulting as Accountant
RIVERSTREET VENTURES: April 19 Auction of Orleans Parish Property
ROCKDALE MARCELLUS: Gets Court Okay for Liquidation Plan Vote
ROCKWORX INC: Seeks Cash Collateral Access

ROLETTE COUNTY, ND: Moody's Alters Outlook on B2 Rating to Stable
RUM RUNNERS: $1M Sale of Properties to Dive Bar Conditionally OK'd
RVT INC: Amends Plan; Confirmation Hearing April 12
SANUWAVE HEALTH: Issues Going Concern Doubt Warning
SHAW 3RD HOLDINGS: Seeks Approval to Hire Compass Inc. as Realtor

SHORELINE FENCE-RAILING: Taps Bird & Smith as Bankruptcy Counsel
SKY INN OPERATION: Voluntary Chapter 11 Case Summary
SOLEGNA HOLDINGS: $60K Sale of Dallas Property to Roberge Approved
STATERA BIOPHARMA: Reports Preliminary 2021 Financial Results
STEM HOLDINGS: Incurs $4.2 Million Net Loss in First Quarter

STEMGENEX MEDICAL: To Pay $3.65 Million in Class Settlement
SUDBURY PROPERTY: To File Proposed Order on $1.6MM Property Sale
SUNLIGHT PROPERTIES: Case Summary & Five Unsecured Creditors
TONARCH 1: Voluntary Chapter 11 Case Summary
TRANSOCEAN LTD: Incurs $591 Million Net Loss in 2021

U.S. SILICA: Incurs $34.3 Million Net Loss in 2021
USA GYMNASTICS: 7th Circuit Says Liberty Must Give to Nassar Fund
VERTEX ENERGY: Gets Commitment for $125M Senior Secured Loan
VTB BANK: S&P Downgrades ICR to 'BB+', On CreditWatch Negative
WATERLOO AFFORDABLE: Proposed Sale Procedures for All Assets Denied


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5035 N. LINCOLN: Taps Springer Larsen Greene as New Counsel
-----------------------------------------------------------
5035 N. Lincoln Avenue, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to hire Springer Larsen
Greene, LLC to substitute for Cozen O'Connor.

The firm's services include:

     (a) consulting with the Debtor concerning its powers and
duties, the continued operation of its business and management of
the financial and legal affairs of its estate;

     (b) consulting with the Debtor and with other professionals
concerning the negotiation, formulation, preparation and
prosecution of a Chapter 11 plan and disclosure statement;

     (c) conferring and negotiating with creditors and other
parties in interest concerning the Debtor's financial affairs and
property, Chapter 11 plans, claims, liens, and other aspects of the
case;

     (d) appearing in court and preparing legal papers; and

     (e) providing other necessary legal services.

The firm's hourly rates are as follows:

     Richard G. Larsen, Esq.    $445
     Joshua D. Greene, Esq.     $455
     Thomas E. Springer, Esq.   $465

The Debtor paid $20,000 to the law firm as a retainer fee.

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

The firm can be reached at:

     Richard Larsen, Esq.
     Springer Larsen Greene, LLC
     300 S. County Farm Road, Suite, Suite G
     Wheaton, IL 60187
     Tel: 630-510-0000
     Email: rlarsen@springerbrown.com

                       About 5035 N. Lincoln

Chicago-based 5035 N. Lincoln Avenue, LLC sought Chapter 11
bankruptcy protection (Bankr. N.D. Ill. Case No. 21-07043) on June
2, 2021, listing as much as $10 million in both assets and
liabilities. Judge Lashonda A. Hunt oversees the case.

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


6855 JIMMY: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: 6855 Jimmy Carter Blvd, LLC
        6855 Jimmy Carter Blvd, Suite 2150
        Nocross, GA 30071

Business Description: 6855 Jimmy Carter Blvd, LLC is a Single
                      Asset Real Estate debtor (as defined in 11
                      U.S.C. Section 101(51B)).

Chapter 11 Petition Date: February 28, 2022

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 22-51652

Debtor's Counsel: Michael D. Robl, Esq.
                  ROBL LAW GROUP LLC
                  3754 LaVista Road
                  Suite 250
                  Tucker, GA 30084
                  Tel: 404-373-5153
                  Fax: 404-537-1761
                  Email: michael@roblgroup.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jerome Lee as member.

The Debtor stated it has no creditors holding unsecured claims.

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

https://www.pacermonitor.com/view/5I34HHI/6855_Jimmy_Carter_Blvd_LLC__ganbke-22-51652__0001.0.pdf?mcid=tGE4TAMA


975 WALTON BRONX: Seeks to Hire Property Valuation as Appraiser
---------------------------------------------------------------
975 Walton Bronx, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to hire Property Valuation
Inc. to appraise its residential apartment building located at 975
Walton Ave., Bronx, N.Y.

The firm will receive a flat fee of $11,500 for its services.

Property Valuation can be reached through:

     Michael Falsetta
     Property Valuation Inc.
     777 Westchester Avenue
     White Plains, NY 10604
     Phone: 718-675-3200
     Email: mf@propertyvaluationinc.com

                      About 975 Walton Bronx

975 Walton Bronx, LLC is a New York limited liability company,
which primarily owns a multi-family residential apartment building
at 975 Walton Avenue, Bronx, N.Y. The property consists of 182
apartments and commercial space, including a cell tower.

975 Walton Bronx sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 21-40487) on Feb. 25,
2021, listing as much as $50 million in both assets and
liabilities.  Judge Jil Mazer-Marino oversees the case.  

Goldberg Weprin Finkel Goldstein, LLP and David L. Smith, Esq., an
attorney in New York, serve as the Debtor's legal counsel and chief
restructuring officer, respectively.


AAIM CARE: Seeks to Hire Michael D. O'Brien as Legal Counsel
------------------------------------------------------------
AAIM Care, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Oregon to employ Michael D. O'Brien & Associates
P.C. to serve as legal counsel in its Chapter 11 case.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     Michael D. O'Brien, MDO, Partner   $430
     Theodore J. Piteo, TJP, Partner    $350
     Jackie Zielke, JLZ, Paralegal      $175
     Lauren Gary, LNG, Paralegal        $125

The firm received a retainer in the amount of $16,000.

As disclosed in court filings, Michael D. O'Brien is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Michael D. O'Brien, Esq.
     Theodore J. Piteo, Esq.
     Michael D. O'Brien & Associates, P.C.
     12909 SW 68th Pkwy, Suite 160
     Portland, OR 97223  
     Phone: (503) 786-3800

                         About AAIM Care

AAIM Care, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ore. Case No. 22-30228) on Feb. 14, 2022, listing
up to $500,000 in assets and up to $10 million in liabilities.
Sanjeev Jain, member, signed the petition.

Judge Teresa H. Pearson oversees the case.

Michael D. O'Brien & Associates, P.C. is the Debtor's legal
counsel.


ACER THERAPEUTICS: Appoints Adrian Quartel as Chief Medical Officer
-------------------------------------------------------------------
Acer Therapeutics Inc. has appointed Adrian Quartel, M.D., FFPM, as
chief medical officer.  Dr. Quartel will oversee Acer's clinical
development, medical affairs, regulatory and other scientific and
medical functions.

"We are pleased to welcome Dr. Quartel to our experienced
leadership team," said Chris Schelling, CEO and founder of Acer.
"Dr. Quartel's proven track record of guiding the clinical
development, approval and launch of six rare disease products or
treatments in the U.S. and Europe, and his experience as a
board-certified physician in pharmaceutical medicine, will be a
welcome addition to our team and provide vital strategic oversight
as our product pipeline continues to advance and grow."

Adrian Quartel, M.D., FFPM, added, "The chance to join Acer at such
a pivotal time in the company's history is compelling.  Acer's
innovative business model and its unwavering devotion to patients
offers the opportunity to make an immediate and positive difference
in people's lives.  I look forward to leading Acer's medical
efforts in support of its mission to bring much-needed treatments
to patients."

Dr. Quartel joins Acer Therapeutics from Adamas Pharmaceuticals, a
company focused on drug discovery, development, and delivery of
treatments for neurological diseases, where he served as chief
medical officer since 2020.  In his role at Adamas, Dr. Quartel
oversaw research and development, as well as medical affairs and
regulatory functions.  Prior to Adamas, he served as the group vice
president, Global Medical Affairs, at BioMarin Pharmaceuticals Inc.
where he led the launch of six treatments for rare disease or rare
genetic disorders, including KUVAN, VIMIZIM and Brineura.  Prior to
BioMarin, Dr. Quartel held senior medical leadership roles at
Astellas, Chiltern, and ICON Clinical Research where he was
responsible for clinical development, pharmacovigilance, and
medical affairs.  Earlier in his career, Dr. Quartel worked as a
clinical research fellow at UCLA Cedar Sinai and as a resident in
cardio-thoracic surgery at Erasmus University Medical Center.  Dr.
Quartel received an M.D. from Erasmus University Medical School,
Rotterdam, and a post graduate specialization in pharmaceutical
medicine from the Faculty of Pharmaceutical Medicine in London.  He
is board certified by the General Medical Council (GMC) in
pharmaceutical medicine in the United Kingdom.

                   Inducement Grant Under Nasdaq
                    Marketplace Rule 5635(c)(4)

In connection with his appointment as Acer's chief medical officer,
Dr. Quartel was issued a grant of a non-qualified option to
purchase 200,000 shares of Acer's common stock.  The award was
approved by the independent members of Acer's Board of Directors
and granted under the inducement award provision of Acer's 2018
Stock Incentive Plan, with a grant date of Feb. 21, 2022, as an
inducement material to Dr. Quartel in entering into employment with
Acer, in accordance with Nasdaq Marketplace Rule 5635(c)(4).

The per share exercise price of the option is equal to the closing
price of Acer's common stock on the trading day before the grant
date.  The option vests over a four-year period commencing on the
date of grant, with 25% vesting on the one-year anniversary of the
grant date and the remaining 75% vesting quarterly over the
remaining three years (assuming continued service in all
instances), with a standard post-service exercise period of 90
days.  In addition, the option will accelerate and become fully
vested immediately prior to a change in control but only to the
extent that the optionee remains in the service of the Company
immediately prior to such change in control.  The option has a
ten-year term.

                         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 Sept. 30, 2021, the
Company had $32.55 million in total assets, $30.39 million in total
liabilities, and $2.16 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.


ACM DEVELOPMENT: Gets OK to Hire Duerr & Cullen as Accountant
-------------------------------------------------------------
ACM Development, LLC received approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Duerr & Cullen
CPAs, P.A. as its accountant.

The Debtor requires an accountant to prepare its tax returns and
provide general accounting and tax consulting services.

The hourly rates charged by the firm for its services are as
follows:

     Partner, John Cullen          $250 per hour
     Tax Manager, Patrick Shuman   $180 per hour
     Tax Senior                    $160 per hour
     Tax Staff                     $140 per hour
     Accounting Manager            $140 per hour
     Accounting Staff              $100 per hour

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

The firm can be reached through:

     John Cullen, CPA
     Duerr & Cullen CPAs, P.A.
     1304 N. Maitland Avenue
     Maitland, FL 32751
     Tel: (407) 644-6968
     Fax: (407) 644-6946
     Email: admin@dccpas.net

                       About ACM Development

ACM Development, LLC provides excavation services and is based in
Ocoee, Fla.

ACM Development filed a petition for Chapter 11 protection (Bankr.
M.D. Fla. Case No. 22-00210) on Jan. 20, 2022, listing up to $10
million in assets and up to $50 million in liabilities.  Eric R.
Mynhier, manager, signed the petition.

Judge Lori V. Vaughan oversees the case.

The Debtor tapped Latham, Luna, Eden & Beaudine, LLP and Duerr &
Cullen CPAs, P.A. as its legal counsel and accountant,
respectively.


AGILON ENERGY: $75.5MM Cash Sale of Assets to TXCR Acquisition OK'd
-------------------------------------------------------------------
Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas authorized Agilon Energy Holdings II, LLC, and
affiliates to sell all assets to TXCR Acquisition Co., LLC, for
$75.5 million in cash and assumption of all Assumed Liabilities in
accordance with the Asset Purchase Agreement.

The Sale of Hearing was held on Feb. 9, 2022.

The Debtors are further authorized, but not directed, to pay,
without further order of the Court, whether before, at or after
Closing, any expenses or costs required to be paid to consummate
the Sale Transaction or for the Sellers to perform their
obligations solely in accordance with the APA. Any remaining amount
owed by the Debtors to the Buyer pursuant to the APA will be
entitled to treatment as an administrative claim.

On the Closing Date (a) the Debtors will report the amount of the
Carve Out as of such date to the DIP Administrative Agent and (b)
the Carve Out Reserves will be funded in accordance with the Final
DIP Order.

Upon the occurrence of the Closing Date, proceeds of the sale of
the Assets will be applied (a) first, to fund the Carve Out and
Carve Out Reserves, and (b) second, to repay the DIP Obligations
until the DIP Obligations have been Paid in Full, as such term is
defined in the Final DIP Order. All proceeds remaining after paying
and/or funding the amounts set forth in the forgoing clauses (a)
and (b) (the "Retained Funds") will be held by the Debtors and (i)
used solely in accordance with the Final DIP Order or any
subsequent cash collateral order entered by the Court or (ii)
distributed pursuant to an order of the Court. The Retained Funds
will be in an amount sufficient to pay all alleged Permitted Prior
Liens, subject to reduction only as any alleged prior Permitted
Prior Lien is disallowed or paid.

The DIP Lenders and DIP Agents are authorized to immediately
receive and apply any amounts received pursuant to the Order.

In the event that the Stalking Horse Bidder terminates the Stalking
Horse APA under circumstances that trigger its right to receive the
Break-Up Fee, the Debtors are authorized to pay the Stalking Horse
Bidder the Break-Up Fee pursuant to the terms of the Stalking Horse
APA.

Upon the Closing of the Sale Transaction pursuant to the APA, the
Stalking Horse APA will be deemed terminated and the requisites for
triggering the Break-Up will be satisfied without any further
required action, and the Debtors are authorized and directed to
then pay the Break-Up Fee in the amount of $2,573,400, being 4% of
the Purchase Price under the Stalking Horse APA of $64.335 million,
to the Stalking Horse Bidder in immediately available funds as set
forth in the Bidding Procedures Order to an account designated by
the Stalking Horse Bidder, without further action by any party or
order of the Court.

Pursuant to the terms of the Bidding Procedures and the Stalking
Horse APA, upon the Closing of the APA, the Debtors are authorized
and directed to return the Stalking Horse Bidder's Good Faith
Deposit together with any interest accrued thereon, if any, to an
account designated by the Stalking Horse Bidder without further
order of the Court.

The sale is free and clear of all Liens, Claims, and Interests,
other than Assumed Liabilities and Permitted Liens, with all such
all Liens, Claims, and Interests will attach to the proceeds.

Notwithstanding any provision of any contract governing the Assets,
including any Assigned Contract to be assumed and/or assigned to
the Buyer as of the Closing (or as otherwise provided in the
Bidding Procedures Order).

The automatic stay pursuant to section 362 of the Bankruptcy Code
is modified with respect to the Debtors to the extent necessary,
without further order of the Court, to allow the Buyer to deliver
any notice provided for in the APA and allow the Buyer to take any
and all actions permitted or required under the APA in accordance
with the terms and conditions thereof.   

Notwithstanding Bankruptcy Rules 6004(h) and 6006(d), the Order
will not be stayed for 14 days after the entry thereof, but will be
effective and enforceable immediately upon entry, and the 14-day
stay provided in such rules is expressly waived and will not apply.
Accordingly, the Order will be effective and enforceable
immediately upon entry and its provisions will be self-executing.
In the absence of any person or entity obtaining a stay pending
appeal, the Debtors and the Buyer are free to close the Sale
Transaction under the APA at any time pursuant to the terms thereof
immediately upon entry of the Order.

Ad valorem property taxes, including all such taxes reflected in
the proofs of claim filed here in by Harris County and Victoria
County, plus statutory interest accrued thereon, will be paid in
full at closing from the proceeds of the Sale Transaction, prior to
payment of any proceeds to other lien creditors, and the ad valorem
tax liens securing payment of tax years 2021 and prior, including
the 2022 ad valorem property taxes to be assessed during the 2022
calendar year, are expressly retained until said taxes are paid in
full.

Pursuant to the Bidding Procedures, the Back-Up Bidder is directed
to keep its bid open for acceptance by the Debtors until the date
which is the earlier of (i) 60 days after the date of the entry
this Order or (ii) the consummation of the Sale Transaction with
the Buyer. If the sale to the Buyer does not close through no fault
of the Debtors, the Debtors are authorized to consummate the Sale
Transaction with the Back-Up Bidder in accordance with the terms of
its highest bid at the Auction and otherwise in accordance with the
Sale Order mutatis mutandis, and if the Sale Transaction is
consummated with the Back-Up Bidder, then the Back-Up Bidder will
be entitled to all of the findings and protections of the Sale
Order provided to the Buyer mutatis mutandis.   

A copy of the Agreement is available at
https://tinyurl.com/ms3my4ja from PacerMonitor.com free of charge.

                About Agilon Energy Holdings II LLC

Texas-based power producer Agilon Energy Holdings II, LLC and its
affiliates, Victoria Port Power LLC and Victoria City Power LLC,
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No.
21-32156) on June 27, 2021. At the time of the filing, Agilon had
between $100 million and $500 million in both assets and
liabilities.

Judge Marvin Isgur oversees the cases.

The Debtors tapped Locke Lord, LLP as legal counsel, Grant
Thornton, LLP as financial advisor and Hugh Smith Advisors, LLC as
restructuring advisor.  Hugh Smith of Hugh Smith Advisors serves
as
the Debtors' chief restructuring officer. Stretto is the claims
and
noticing agent.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtors' Chapter 11 cases on July 30,
2021. Pachulski Stang Ziehl & Jones, LLP serves as the committee's
legal counsel and and Conway MacKenzie, LLC, its financial
advisor.



AIPHARMA GLOBAL: Has Forbearance Deal with Aditxt Thru June 30
--------------------------------------------------------------
Aditxt, Inc., a Delaware corporation, has entered into a
Forbearance Agreement and Seventh Amendment to Secured Credit
Agreement with AiPharma Global Holdings LLC, a Delaware limited
liability company, which intends to change its name to Cellvera
Global Holdings LLC, Cellvera Holdings Ltd., a company formed under
the laws of the British Virgin Islands f/k/a AiPharma Holdings
Limited, Cellvera Asia Limited, a company formed under the laws of
Hong Kong f/k/a AiPharma Asia Limited.

As of Jan. 31, 2022, Aditxt's $14.5 million loan to the Borrower
became fully due and payable under a Secured Credit Agreement dated
as of August 27, 2021, as amended to date.

The parties entered into the Forbearance Agreement on February 14,
2022. Pursuant to the Forbearance Agreement, Aditxt agreed to
forbear from exercising its rights and remedies against the
Borrower and certain affiliated guarantor parties until the earlier
of:

     (i) June 30, 2022 or

    (ii) the date of occurrence of any event of default under the
Forbearance Agreement.

Given that the parties continue to conduct due diligence in
connection with a Share Exchange Agreement dated as of December 28,
2021 by and between Aditxt and AiPharma Group Ltd., Aditxt and the
Borrower also agreed that should the initial closing occur under
the Share Exchange Agreement, the existing event of default will be
waived. Under the Forbearance Agreement, the Company and the
Borrower also agreed to certain amendments to the Credit Agreement,
including, but not limited to: (i) the delivery by the Borrower of
certain financial statements and forecasts, and (ii) certain
regularly scheduled payments to be made by Borrower to the Company
during the Forbearance Period.

Aditxt is developing technologies focused on improving the health
of the immune system through immune monitoring and reprogramming.
Aditxt’s immune monitoring technology is designed to provide a
personalized comprehensive profile of the immune system. Aditxt's
immune reprogramming technology is currently at the pre-clinical
stage and is designed to retrain the immune system to induce
tolerance with an objective of addressing rejection of transplanted
organs, autoimmune diseases, and allergies.

Last year, Aditxt entered into a transaction agreement to reach a
definitive agreement by the end of November 2021 to acquire a
subsidiary of AiPharma Global which is to own all of the assets of
AiPharma Global, a company focused on discovering, developing and
commercializing antiviral therapies across a broad spectrum of
infectious diseases.

AiPharma Global is a biopharmaceutical company that holds directly,
or through its affiliates worldwide (excluding Japan), exclusive
rights to Avigan/Reeqonus/Qifenda and all formulations of
favipiravir, a broad spectrum oral antiviral drug that targets
COVID-19 and other infectious diseases.


AIS HOLDCO: Moody's Affirms B3 CFR & B2 Rating on First Lien Debt
-----------------------------------------------------------------
Moody's Investors Service has affirmed the B3 corporate family
rating and B3-PD probability of default rating of AIS Holdco, LLC
(dba Franklin Madison). The rating agency has also affirmed the B2
rating on Franklin Madison's first-lien credit facilities and the
Caa2 rating on its existing second-lien term loan. The rating
outlook for Franklin Madison is stable.

RATINGS RATIONALE

According to Moody's, Franklin Madison's ratings reflect its
position as a leading distributor of accidental death and
dismemberment (AD&D) policies and hospital accident plans. The
company maintains good EBITDA margins and solid cash flow. Franklin
Madison has recurring annual revenue from its in-force blocks of
business, primarily AD&D, which comprise the majority of its
premiums. The company is focused on improving its organic growth
primarily through expanding its marketing spend and digital
capabilities. These strengths are offset by the company's limited
revenue diversification, high carrier concentrations, elevated
financial leverage and its limited scale.

For the 12 months ending September 30, 2021, Franklin Madison
generated total revenue of $217 million. The company is focused on
generating revenue growth through increased mail volume, new
product roll-outs and further digitalization of marketing and
policy servicing. Moody's expects the company to maintain healthy
EBITDA margins.

Moody's estimates that Franklin Madison's pro forma debt-to-EBITDA
is in the range of 6.0x-6.5x, with (EBITDA - capex) coverage of
interest around 2.0x and a free-cash-flow-to-debt ratio in the
low-to-mid-single digits. These metrics incorporate Moody's
standard accounting adjustments for operating leases.

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

The following factors could lead to an upgrade of Franklin
Madison's ratings: (1) demonstrated ability to grow revenue, expand
product offerings and diversify insurance carriers, (2)
debt-to-EBITDA ratio sustained below 5.5x, (3) (EBITDA - capex)
coverage of interest exceeding 2x, and (4) free-cash-flow-to-debt
ratio exceeding 5%.

The following factors could lead to a downgrade of Franklin
Madison's ratings: (1) debt-to-EBITDA ratio above 6.5x, (2) (EBITDA
- capex) coverage of interest below 1.2x, (3)
free-cash-flow-to-debt ratio below 2%, or (4) increased insurance
carrier concentrations or the loss of a major carrier.

Moody's has affirmed the following ratings (and loss given default
(LGD) assessments) of AIS Holdco, LLC.:

Corporate family rating at B3;

Probability of default rating at B3-PD;

$25 million senior secured first-lien revolving credit facility
maturing in August 2023 at B2 (LGD3);

$315 million senior secured first-lien term loan maturing in August
2025 at B2 (LGD3);

$110 million senior secured second-lien term loan maturing in
August 2026 at Caa2 (LGD5).

The rating outlook for AIS Holdco, LLC is stable.

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

Based in Franklin, Tennessee, Franklin Madison is a third-party
broker, administrator and marketer of simplified, guaranteed-issue
insurance products on behalf of credit unions and regional/national
banks. The company generated revenue of $217 million during the 12
months ended September 30, 2021.


ALERISLIFE INC: Incurs $29.9 Million Net Loss in 2021
-----------------------------------------------------
AlerisLife Inc. filed with the Securities and Exchange Commission
its Annual Report on Form 10-K disclosing a net loss of $29.93
million on $934.59 million of total revenues for the year ended
Dec. 31, 2021, compared to a net loss of $7.59 million on $1.16
billion of total revenues for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $376.28 million in total
assets, $140.91 million in total current liabilities, $53.78
million in total long-term liabilities, and $181.59 million in
total shareholders' equity.

Fourth Quarter Summary of Financial Results:

   * Net loss for the fourth quarter of 2021 was $10.7 million, or
$0.34 per share, which included $2.3 million of expenses in
connection with the Reposition phase of the strategic plan
announced on April 9, 2021, or the Strategic Plan, partially offset
by $1.0 million reimbursed by Diversified Healthcare Trust, or DHC,
compared to net income of $2.9 million, or $0.09 per share, for the
fourth quarter of 2020.

   * Earnings before interest, taxes, depreciation and
amortization, or EBITDA, for the fourth quarter of 2021 was $(7.5)
million compared to $5.8 million for the fourth quarter of 2020.
Adjusted EBITDA was $(6.4) million for the fourth quarter of 2021
compared to $5.2 million for the fourth quarter of 2020.

Management Commentary

Katherine Potter, president and chief executive officer, made the
following statement:

"We achieved several strategic milestones during and subsequent to
the end of the fourth quarter, including rebranding ourselves as
AlerisLife and announcing strategic collaborations and partnerships
to enhance our resident experience and expand our lifestyle
services offering.  We also enhanced our leadership team with the
addition of a new Chief People Officer and a new Chief Customer
Officer, and we hope to leverage their experience to further expand
our services and customer base.

"During the fourth quarter, average occupancy for the 20 senior
living communities owned by AlerisLife increased 210 basis points
from the third quarter.  Average occupancy for the 120 comparable
community managed portfolio increased 70 basis points from the
third quarter.  We believe the disruption associated with
transitioning management of certain communities owned by
Diversified Healthcare Trust is now behind us and we continue to
see a sustained improvement in macroeconomic fundamentals.  As a
result, we remain focused on optimizing our core competencies,
including continuing to deliver an exceptional and enhanced
resident experience to senior living and active adult residents,
while also offering lifestyle services to choice-based consumers.

"We remain well capitalized to continue executing our strategic
transformation, as we ended the year with unrestricted cash and
cash equivalents of $67.0 million.  Additionally, subsequent to
quarter end, we closed on a $95.0 million term loan, $63.0 million
of which was immediately outstanding.  This loan not only enhanced
our liquidity and flexibility, but gives us additional capital to
pursue the development and expansion of our lifestyle services
offering."


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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1159281/000115928122000026/fve-20211231.htm

                         About AlerisLife

AlerisLife (formerly known as Five Star Senior Living Inc.) is a
holding company incorporated in Maryland and substantially all of
its business is conducted by its two segments: (i) residential
(formerly known as senior living) through its brand Five Star
Senior Living, or Five Star, and (ii) lifestyle services (formerly
known as rehabilitation and wellness Services) primarily through
its brands Ageility Physical Therapy Solutions and Ageility
Fitness, or collectively Ageility, as well as Windsong Home Health.
As of Dec. 31, 2021, through the Company's residential segment, it
owned and operated or managed, 141 senior living communities
located in 28 states with 20,105 living units, including 10,423
independent living apartments, 9,636 assisted living suites, which
includes 1,872 of its Bridge to Rediscovery memory care units, and
one continuing care retirement community, or CCRC, with 106 living
units, including 46 skilled nursing facility or SNF, units that was
closed in February 2022.  The Company managed 121 of these senior
living communities (18,005 living units) for Diversified Healthcare
Trust, or DHC, and owned 20 of these senior living communities
(2,100 living units).  The Company's lifestyle services segment
provides a comprehensive suite of lifestyle services including
Ageility rehabilitation and fitness, Windsong home health and other
home based, concierge services at senior living communities the
Company owns and operates or manage as well as at unaffiliated
senior living communities.

Five Star reported a net loss of $20 million for the year ended
Dec. 31, 2019, a net loss of $74.08 million for the year ended
Dec. 31, 2018, and a net loss of $20.90 million for the year ended
Dec. 31, 2017.


AMERICAN CRYOSTEM: Incurs $381K Net Loss in First Quarter
---------------------------------------------------------
American CryoStem Corporation filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q disclosing a
net loss of $380,755 on $61,185 of total revenues for the three
months ended Dec. 31, 2021, compared to a net loss of $46,034 on
$126,600 of total revenues for the three months ended Dec. 31,
2020.

As of Dec. 31, 2021, the Company had $1.14 million in total assets,
$2.57 million in total liabilities, and a total shareholders'
deficit of $1.43 million.

As of Dec. 31, 2021, the Company had a cash balance of $103,027,
compared to $8,244 at Sept. 30, 2021.  The Company used 532,435 of
its cash for operations and $9,680 for investing activities, in new
patents development.  The main sources of cash provided by
financing activities included new equity issuances totaling
$665,000

Accounts Receivable increased to $83,736 at Dec. 31, 2021 from
$78,782 at Sept. 30, 2021 mainly due to an increase in receivables
storage and processing fees.

Convertible debt increased to $709,544 on Dec. 31, 2021, versus
$706,131 as of Sept. 30, 2021.  This increase was due to the
effects of amortizing the beneficial conversion feature of the
notes.

"The Company will continue to focus on its financing and investment
activities, but should we be unable to raise sufficient funds, we
will be required to curtail our operating plans or cease them
entirely.  We cannot assure you that we will generate the necessary
funding to operate or develop our business. In the event that we
are able to obtain the necessary financing to move forward with our
business plan, we expect that our expenses will increase
significantly as we attempt to grow our business. Accordingly, the
above estimates for the financing required may not be accurate and
must be considered in light these circumstances," American CryoStem
said.

There was no significant impact on the Company's operations as a
result of inflation for the nine months ended December 31, 2021.

"We will require additional capital to fund marketing, operational
expansion, processing staff training, as well as for working
capital.  We are attempting to raise sufficient funds would enable
us to satisfy our cash requirements for a period of the next 12 to
24 months.  In order to finance further market development with the
associated expansion of operational capabilities for the time
period discussed above, we will need to raise additional working
capital.  However, we cannot assure you we can attract sufficient
capital to enable us to fully fund our anticipated cash
requirements during this period.  In addition, we cannot assure you
that the requisite financing, whether over the short or long term,
will be raised within the necessary time frame or on terms
acceptable to us, if at all.  Should we be unable to raise
sufficient funds we may be required to curtail our operating plans
if not cease them entirely.  As a result, we cannot assure you that
we will be able to operate profitably on a consistent basis, or at
all, in the future," American CryoStem said.

In order to move the Company through the next critical growth phase
of development and commercialization and to ensure it is in
position to support the research collaborations and market
penetration strategies, management continues to seek new investment
into the Company from existing and new investors with particular
emphasis on identifying the best deal structure to attract and
retain meaningful capital sponsorship from both the retail and
institutional investing communities, while limiting dilution to the
current shareholders.  Management also focuses its efforts on
increasing sales and licensing revenue and reducing expenses.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1468679/000101905622000229/acryo_1q22.htm

                      About American CryoStem

Eatontown, New Jersey-based American CryoStem Corporation (OTC:
CRYO) -- http://www.americancryostem.com-- is a developer,
marketer and global licensor of patented adipose tissue-based
cellular technologies and related proprietary services with a focus
on processing, commercial bio-banking and application development
for adipose (fat) tissue and autologous adipose-derived
regenerative cells (ADRCs).

American CryoStem reported a net loss of $2.88 million for the year
ended Sept. 30, 2021, compared to a net loss of $1.18 million for
the year ended Sept. 30, 2020.  As of Sept. 30, 2021, the Company
had $1.06 million in total assets, $2.90 million in total
liabilities, and a total shareholders' deficit of $1.85 million.

Spokane, Washington-based Fruci & Associates II, PLLC, the
Company's auditor since 2017, issued a "going concern"
qualification in its report dated Jan. 13, 2022, citing that the
Company has incurred significant losses since inception.  This
factor raises substantial doubt about the Company's ability to
continue as a going concern.


AMERICAN WAY: Unsecureds to Get Share of Net Income for 5 Years
---------------------------------------------------------------
American Way Enterprises, LLC, filed with the U.S. Bankruptcy Court
for the Southern District of Mississippi a Plan of Reorganization
dated Feb. 24, 2022.

The Debtor was formed in 2017 and has operated as American Way
Enterprises. It is operated out of 3726 Beechwood Ridge, Meridian,
MS 39307. At the time of filing, Debtor is an enterprise which does
concrete polishing.

The debtor has had fluctuating income and delays in collecting on
jobs that had been performed. Expenses including fuel have risen
dramatically. The Covid 19 pandemic and the resulting economy also
greatly affected the operations. Debtor was unable to continue
payroll and had to lay off an employee. Debtor also incurred
unexpected and costly legal fees with an ongoing lawsuit from a
relative.

The Debtor classifies Claims in the following Classes:

     * Class 1 consists of Administrative Expense Claims. All Class
1 expenses and claims for fees will be paid as provided for in
future Court Orders, or as may be agreed upon, except that fees due
to the Office of the United States Trustee will be paid as and when
due until this Case is closed, converted or dismissed.

     * Class 2 consists of Priority Claims. The IRS has filed a POC
with estimated claim of $600.00. The Mississippi Department of
Revenue has filed a claim for $2,233.00. The priority claims will
be paid at from Debtor's net monthly income. Said income will be
paid to all allowed unsecured priority claims first after all Class
1 claims. Any funds left over will go the next class, secured
creditors. This is an impaired class.

     * Class 3.1 consists of the Secured Claim of Roy Thomas. The
lease purchase on the automobile will be paid directly to the Bank
at $1,240.00 per month until paid in full. Upon payment, Roy Thomas
will release the title and/or lien on the 2016 Dodge Ram and 2012
Chevrolet 2500.

     *  Class 4 consists of General, Unsecured Claims. The Holders
of Allowed General, Unsecured Claims will receive at least yearly
distributions from the Debtor that represent its net income, if
any. The Debtor's net income will be paid to General, Unsecured
Creditors holding Allowed, General Unsecured Claims for a period of
five years from and after the entry of an Order confirming the
Plan. General Unsecured Creditors will receive at least $60,000.00
unless there are allowed priority claims or administrative claims.
The $60,000.00 over the life of the plan will go to administrative
claims first, then to allowed priority claims, and the balance, if
any, will go to the allowed general unsecured claims.

The Debtor's means of execution of the Plan will be provided by
income the Debtor generates from its business operations and funds
in the DIP accounts.

A full-text copy of the Plan of Reorganization dated Feb. 24, 2022,
is available at https://bit.ly/35zJCBW from PacerMonitor.com at no
charge.

Debtor's Counsel:

     Douglas M. Engell, Esq.
     Law Offices of Douglas M. Engell, Inc.
     P.O. Box 309
     Marion, MS 39342
     Phone: (601)693-6311
     Email: dengell@dougengell.com

                 About American Way Enterprises

American Way Enterprises, LLC, filed a petition for Chapter 11
protection (Bankr. S.D. Miss. Case No. 21-01958) on Nov. 20, 2021,
listing up to $50,000 in assets and up to $500,000 in liabilities.
Judge Katharine M. Samson presides over the case.  The Law Offices
of Douglas M. Engell, Inc., is the Debtor's legal counsel.


ANDREW YOUNG: $35K Sale of D.A.Y.'s Gary Property to TP Colfax OK'd
-------------------------------------------------------------------
Judge James R. Ahler of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized Andrew L. Young and affiliates to
sell D.A.Y. Investments, LLC's real property commonly known as 1560
Colfax Street, in Gary, Indiana 46407, consisting of approximately
.25 of an acre composed of the Property Identification Number
listed and as legally described in the Agreement of Purchase and
Sale, to TP Colfax LLC for $35,000, plus the cost and expense (not
to exceed $10,000) of negotiating and closing the sale.

The Debtors are authorized to enter into the Contract (and other
applicable transaction documents) to sell the Colfax Street
Property to the Buyer free and clear of any liens, claims and
encumbrances, provided that outstanding real estate taxes on the
Colfax Street Property will be paid in full at closing.

Andrew Young, for D.A.Y., is authorized to sign, execute and
deliver such other documents on behalf of the Debtors as are
necessary to effectuate the transactions approved by the Order.

At closing, D.A.Y.  is authorized to pay closing costs and real
estate taxes from the sale proceeds. The Net Proceeds of the
transaction, including the amount identified as being fees and
expenses of the Debtors' counsel paid by the Buyer as part of the
purchase price, will be deposited in D.A.Y.'s DIP account, subject
to any valid outstanding liens attaching to said Net Proceeds. The
Net Proceeds are to be used or distributed only after a subsequent
order from the Court authorizing use or payment of the Net
Proceeds.

The amount identified as being paid to cover costs, expenses, and
Fox Rothschild LLP's fees will not be paid until the Court enters
an order authorizing payment.

For the avoidance of doubt, the Lake County Treasurer asserts that
the Net Proceeds are subject to tax liens held by Lake County; the
Debtors dispute this assertion.

The parties are each reserving all of their rights with regard to
the Lake County Treasurer's alleged liens on the Net Proceeds and
Fox Rothschild's asserted carve-out to pay fees.

The Debtors reserve their rights, if any, to contest the amount of
the taxes asserted by the Lake County Treasurer with respect to
properties that are not the subject of the sale.

The Lake County Treasurer reserves her right, if any, to object to
the allowance and payment of fees sought by Fox Rothschild.

Within seven days after the closing of the sale transaction
approved by the Order, the Debtors will file the report of sale
required by Fed. R. Bankr. P. 6004(f)(1) and serve said report on
the parties identified in Local Rule B-6004-1 (a).

The 14-day stay under Fed. R. Bankr. P. 6004(h) is waived for cause
and the Order is effective immediately.

Wadsworth, Illinois-based Andrew L. Young filed for Chapter 11
bankruptcy protection on November 23, 2009 (Bankr. N.D. Ill. Case
No. 09-44322).  Gregory K. Stern, Esq., at Gregory K. Stern, P.C.,
assists the Company in its restructuring effort.  The Company was
estimated to have assets at $10 million to $50 million in assets
and liabilities at $1 million to $10 million in its Chapter 11
petition.



APOLLO ENDOSURGERY: Bruce Robertson Resigns From Board of Directors
-------------------------------------------------------------------
Bruce Robertson has resigned from Apollo Endosurgery, Inc.'s Board
of Directors, effective Feb. 15, 2022, to focus on other
commitments.  Dr. Robertson, managing director of H.I.G. Capital,
LLC, has served as a member of the Apollo Board of Directors since
February 2008.

"Bruce has been instrumental in Apollo's development in his 14
years of service on our Board," said Chas McKhann.  "Personally, he
has been a highly valued colleague and advisor in my first year as
CEO. We thank Bruce for his unwavering contributions to Apollo's
formation and growth, and we wish him all the best in his future
endeavors."

"Since our initial investment in Apollo, my colleagues at H.I.G.
Capital and I have been excited about the Company's potential to
play a transformative role in therapeutic endoscopy," said Dr.
Robertson, "I leave knowing that Apollo is in good hands under a
new leadership team, with a sound strategy to realize the full
potential of our original vision."

The Company has engaged Spencer Stuart, a global executive search
firm, to lead a search process for Dr. Robertson's successor.

                     About Apollo Endosurgery

Apollo Endosurgery, Inc. -- http://www.apolloendo.com-- is a
medical technology company focused on less invasive therapies to
treat various gastrointestinal conditions, ranging from
gastrointestinal complications to the treatment of obesity.
Apollo's device-based therapies are an alternative to invasive
surgical procedures, thus lowering complication rates and reducing
total healthcare costs.  Apollo's products are offered in over 75
countries and include the OverStitch Endoscopic Suturing System,
the OverStitch Sx Endoscopic Suturing System, and the ORBERA
Intragastric Balloon.

Apollo Endosurgery reported a net loss of $24.68 million for the
year ended Dec. 31, 2021, a net loss of $22.61 million for the year
ended Dec. 31, 2020, a net loss of $27.43 million for the year
ended Dec. 31, 2019, and a net loss of $45.79 million for the year
ended Dec. 31, 2018.  As of Dec. 31, 2021, the Company had $131.53
million in total assets, $70.29 million in total liabilities, and
$61.24 million in total stockholders' equity.


APOLLO ENDOSURGERY: Incurs $24.7 Million Net Loss in 2021
---------------------------------------------------------
Apollo Endosurgery, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$24.68 million on $62.99 million of revenues for the year ended
Dec. 31, 2021, compared to a net loss of $22.61 million on $42.05
million of revenues for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $131.53 million in total
assets, $70.29 million in total liabilities, and $61.24 million in
total stockholders' equity.

Apollo stated, "We have experienced operating losses since
inception and have an accumulated deficit of $297.5 million as of
December 31, 2021.  To date, we have funded our operating losses
and acquisitions through equity offerings and the issuance of debt
instruments.  Our ability to fund future operations and meet debt
covenant requirements will depend upon our level of future revenue
and operating cash flow and our ability to access future draws on
our existing credit facility, or additional funding through either
equity offerings, issuances of debt instruments or both.

"Management believes our existing cash and cash equivalents, cash
from operations, additional term loans available upon certain
thresholds under the Term Loans and access to financing sources
will be sufficient to meet covenant, liquidity and capital
requirements for the next twelve months and beyond.  Management
periodically evaluates our liquidity requirements, alternative uses
of capital, capital needs and available resources.  Any future
capital requirements will depend on many factors including market
acceptance of our products, the costs of our research and
development activities, the cost and timing of additional
regulatory clearance and approvals, the cost and timing of
identified gross margin improvement projects, the cost and timing
of clinical programs, the ability to maintain covenant compliance
with our lending facility, and the costs of sales, marketing, and
manufacturing activities.  We may be required to seek additional
equity or debt financing.  As a result of this process, we have in
the past, and may in the future, explore alternatives to finance
our business plan, including, but not limited to, sales of common
stock, preferred stock, convertible securities or debt financings,
reduction of planned expenditures, or other sources, although there
can be no assurances that such additional funding could be
obtained.  If we are unable to raise additional capital when
desired, our business, operating results and financial condition
could be adversely affected."

               Fourth Quarter 2021 vs Fourth Quarter 2020

Total worldwide revenue increased to $16.2 million in the fourth
quarter of 2021, a 26% increase compared to the fourth quarter of
2020, despite the impact of the recent surge in COVID-19 cases,
which pressured procedural volumes in several key geographies, both
domestic and international.

ESS product sales increased $2.8 million, or 37% in the fourth
quarter of 2021 compared to 2020.  Fourth quarter U.S. ESS product
sales increased 42% while OUS ESS product sales increased 29%,
highlighting continued demand for Apollo's OverStitch and X-Tack
products across a range of patient indications.  IGB product sales
increased $0.9 million, or 20%, during the fourth quarter 2021
compared to the fourth quarter 2020 reflecting continued strength
in demand for the ORBERA balloon.  In the U.S., IGB product sales
increased 6% while OUS IGB product sales increased 27%.

Gross margin increased by 40 basis points, from 55.9% to 56.3%, and
was $9.1 million for the fourth quarter 2021 compared to $7.2
million for the fourth quarter 2020.

Total operating expenses in the fourth quarter were $14.8 million
compared to $10.4 million in the fourth quarter 2020.  Excluding
stock-based compensation, total non-GAAP adjusted operating
expenses increased to $13.3 million from $9.8 million in 2020,
primarily reflecting increased sales and marketing expenses to
support current and anticipated revenue growth.

Loss from operations in the fourth quarter 2021 was $5.7 million
compared to $3.2 million in the fourth quarter 2020.  Net loss in
the fourth quarter of 2021 was $10.4 million compared to $3.5
million in the fourth quarter of 2020, driven largely by an
increase in interest expense related to a write-off of deferred
financing costs and fees associated with the Company's debt
refinancing in December 2021.  Non-GAAP adjusted EBITDA, which
excludes stock-based compensation, gain on forgiveness of PPP loan
and unrealized foreign exchange was a loss of $3.5 million for the
fourth quarter of 2021, compared to a loss of $1.7 million in the
fourth quarter 2020.

Cash, cash equivalents and restricted cash were $91.8 million as of
Dec. 31, 2021, with up to an additional $65.0 million in future
draws available under the Company's credit facility with Innovatus
Capital Partners should the Company meet certain revenue
milestones.
Current and long-term debt at face value as of Dec. 31, 2021
included $35.0 million outstanding under the Innovatus credit
facility and $19.5 million in outstanding convertible notes.

"The fourth quarter capped a transformative year at Apollo, during
which we drove increased utilization of our innovative therapeutic
endoscopy portfolio, positioned the Company to expand our reach
into new indications such as our recent De Novo 510(k)
classification request for Apollo ESG and Apollo REVISE, and
significantly enhanced our balance sheet to support our growth
runway," said Chas McKhann, Apollo's president and CEO.  "We remain
focused on long-term value creation, expanding our base of trained
physicians, working closely with our customers to drive product
utilization, and maximizing the impact of our expanded sales
team."
Financial Outlook for 2022

Apollo expects full year 2022 revenue between $73 million and $75
million, representing growth of approximately 16% to 19% over 2021.
The Company continues to monitor the potential and uncertain impact
of the ongoing COVID-19 pandemic.  Should hospitals or outpatient
centers, where the company's procedures are performed, experience
continued or additional surges in cases, and need to defer elective
procedures to preserve capacity for COVID-19 patients, the
company's ability to achieve these financial projections could be
adversely affected.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1251769/000125176922000006/apen-20211231.htm

                     About Apollo Endosurgery

Apollo Endosurgery, Inc. -- http://www.apolloendo.com-- is a
medical technology company focused on less invasive therapies to
treat various gastrointestinal conditions, ranging from
gastrointestinal complications to the treatment of obesity.
Apollo's device-based therapies are an alternative to invasive
surgical procedures, thus lowering complication rates and reducing
total healthcare costs.  Apollo's products are offered in over 75
countries and include the OverStitch Endoscopic Suturing System,
the OverStitch Sx Endoscopic Suturing System, and the ORBERA
Intragastric Balloon.

Apollo Endosurgery reported a net loss of $22.61 million for the
year ended Dec. 31, 2020, a net loss of $27.43 million for the year
ended Dec. 31, 2019, and a net loss of $45.79 million for the year
ended Dec. 31, 2018.


ARCHDIOCESE OF AGANA: To Try New Talks to Settle Local Abuse Claims
-------------------------------------------------------------------
Haidee Eugenio Gilbert of The Guam Daily Post reports that
attorneys for survivors of clergy sexual assaults and the
Archdiocese of Agana are going into a new round of mediation to try
to settle nearly 300 abuse claims and continue the path toward
healing for the survivors.

If this new settlement round fails, the clergy sex abuse cases
could go to trial.

U.S. Bankruptcy Judge Robert Faris of Honolulu will serve as the
mediator.

Leo Tudela, 78, said six years after survivors came forward and
after the archdiocese has spent $6 million in professional fees, he
hoped he and other survivors would finally get just compensation.

"It is very, very painful and traumatic what happened," he said,
his voice trembling as he stood in court to represent hundreds who,
as children, were sexually assaulted by priests and other clergy in
Guam.

The new round of mediation comes after District Court of Guam Chief
Judge Frances Tydingo-Gatewood on Saturday issued a ruling that
paves the way for the inclusion of Catholic parish and school
assets to the archdiocese's bankruptcy estate, which would be used
to compensate survivors.

The judge ruled in favor of the creditors committee, representing
mostly abuse survivors.

The archdiocese had tried to shield parish and school assets from
being used to pay claims.

"Though the judge's ruling was not in our favor, we will work in
earnest together with the creditors committee and the victims they
represent to bring compensation, justice and healing to the victims
and survivors while sustaining our ministries, schools and
parishes," Archbishop Michael Jude Byrnes said Sunday in a
statement.

The archdiocese previously indicated it could pay up to $34.8
million.

The creditors committee, meanwhile, is proposing a payment plan of
at least $100 million and real estate assets.

                         Not the first time

After issuing her ruling, the judge encouraged both parties to meet
with Judge Faris for mediation, and said she hopes they will come
to an agreement to settle the claims.

Past mediations between the abuse survivors and the archdiocese
didn't result in a settlement.

This time around, it would be much different, the parties said.

A turning point in the bankruptcy process was Tudela's
heart-wrenching testimony in court that humanized the quest for
justice for survivors, and the archbishop's heartfelt apology in
court to all survivors, the parties said.

                           'Stay strong'

Byrnes on Sunday reiterated the apology he offered Friday in court
to Tudela and all the other abuse survivors.

"I am sorry.  As the archbishop of Agana, on behalf of the entire
Catholic Church on Guam, I sincerely apologize for the grave harm
members of the Church inflicted on you in past years.  I pray for
each of you every day.  Our entire archdiocese prays for you at all
our Masses," the archbishop said.

The archbishop also thanked the judge, the court staff, the
attorneys of both sides, the witnesses who were heartfelt and
resilient as they answered questions on the stand, and Tudela and
the many other victims of clergy abuse for their courage in coming
forward.

"To all members of our Church on Guam, stay strong, too.  Our
loving God will not abandon us.  May the Holy Spirit continue to
inspire peace and reconciliation in all of us," he said.

He also thanked those "who toiled and built their parishes and
schools throughout the remarkable history of the Catholic Church on
Guam."

Attorney Edwin Caldie, representing the creditors committee, on
Sunday said the mediation will resume immediately.

"If we can find common ground that is fair and reasonable, I
believe this committee will jump at the chance to resolve this
difficult situation," he said. "As Mr. Tudela said, we seek real
recognition, closure and healing for those who were hurt in the
past, and protection for children in the future. Nothing more."

Archdiocese attorney Ford Elsaesser said while mediation did not
succeed in the past, the court testimony last week "will be a way
to get to a resolution that will bring just compensation to
survivors but also allow the churches and the parishes and the
schools to continue to build on this faith that they have and
continue all the good works they have."

He said the archdiocese will go into mediation immediately, or as
early as this week.

In court, Elsaesser also said the archdiocese wants to "stop the
bleeding financially."

                      About Agana Archdiocese

The Roman Catholic Archdiocese of Agana is an ecclesiastical
territory or diocese of the Catholic Church in the United States
that comprises the United States dependency of Guam.

The Roman Catholic Archdiocese of Agana sought Chapter 11
protection (Bankr. D. Guam Case No. 19- 00001) on Jan. 9, 2019. In
the petition signed by Most Rev. Michael Jude Byrnes, Coadjutor
Archbishop of Agana, it listed $22.96 million in assets, with
$45.66 million in liabilities. The case is handled by Honorable
Judge Frances M Tydingco-Gatewood. Edwin H. Caldie, of Stinson
Leonard Street LLP, is the Debtor's counsel.




ASTON CUSTOM: $120K Sale of 3 Dallas Real Properties to SURJ Denied
-------------------------------------------------------------------
Judge Stacey G. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas denied without prejudice to refiling
Aston Custom Homes & Design, Inc.'s proposed sale to SURJ TXI LLC,
pursuant to their Unimproved Property Contract, of the following
real properties:

     a. located at 2612 Pennsylvania Avenue, in Dallas, Texas
75215, to SURJ TXI LLC for $40,000;

     b. located at 2840 Marburg Street, in Dallas, Texas 75215, for
$40,000, cash; and

     c. located at 4502 Leland Avenue, in Dallas, Texas 75215, for
$40,000, cash.

The Debtor proposed to sell the Properties free and clear of all
liens, claims and encumbrances, and such liens, claims and
encumbrances will attach to the sale proceeds. It proposed that the
sale proceeds will be held by the title company pending an order of
distribution approved by the Court.  

The Court further finds that insufficient action has been taken to
obtain the relief sought.  

                  About Aston Custom Homes & Design

Aston Custom Homes & Design, Inc. --
http://www.astoncustomhome.com/-- is a home design and
construction company based in Dallas, Texas. It specializes in the
reconstruction of historic homes.

Aston Custom Homes & Design sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Texas Case No. 21-30208) on Feb.
1, 2021. At the time of the filing, the Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range. Judge Stacey G. Jernigan oversees the Debtor's case. The
Debtor is represented by Joyce W. Lindauer Attorney, PLLC.



ASTROTECH CORP: CVI, Heights Capital No Longer Own Common Shares
----------------------------------------------------------------
CVI Investments, Inc. and Heights Capital Management, Inc.
disclosed in a Schedule 13G/A filed with the Securities and
Exchange Commission that as of Dec. 31, 2021, they have ceased to
beneficially own shares of common stock of Astrotech Corporation.
A full-text copy of the regulatory filing is available for free
at:

https://www.sec.gov/Archives/edgar/data/1001907/000110465922022498/tm226115d4_sc13ga.htm

                          About Astrotech

Astrotech Corporation (NASDAQ: ASTC) --
http://www.astrotechcorp.com-- is a mass spectrometry company that
launches, manages, and
commercializes scalable companies based on its innovative core
technology through its wholly-owned subsidiaries. 1st Detect
develops, manufactures, and sells trace detectors for use in the
security and detection market.  AgLAB is developing chemical
analyzers for use in the agriculture market.  BreathTech is
developing a breath analysis tool to provide early detection of
lung diseases.  Astrotech is headquartered in Austin, Texas.

Astrotech reported a net loss of $7.60 million for the year ended
June 30, 2021, a net loss of $8.31 million for the year ended June
30, 2020, and a net loss of $7.53 million for the year ended June
30, 2019.  For the six months ended Dec. 31, 2021, the Company
reported a net loss of $4.21 million.  As of Dec. 31, 2021, the
Company had $60.38 million in total assets, $2.83 million in total
liabilities, and $57.55 million in total stockholders' equity.


ATLAS FINANCIAL: Cayman Court OKs Scheme of Arrangement
-------------------------------------------------------
The Grand Court of the Cayman Islands on February 25, 2022, issued
an order sanctioning and approving Atlas Financial Holdings, Inc.'s
scheme of arrangement pursuant to section 86 of Part IV of the
Companies Act (2021 Revision) of the Cayman Islands.

The Scheme had been proposed by the Company and related to its
restructuring. Prior to the Cayman Court's sanctioning of the
Scheme, holders of 91.83% of the Company's 6.625% senior unsecured
notes due 2022 in number and 99.34% par amount of those voting,
voted in favor of the Scheme in a scheme meeting held on February
21, 2022.

Pursuant to the Scheme, the Notes will be canceled and exchanged
for new securities on or around April 26, 2022. The accrued but
unpaid interest on the Notes as of the date the New Notes are
issued will effectively be added onto the principal of the New
Notes.

The New Notes will be issued by the Company pursuant to a second
supplemental indenture and will have a maturity date of April 27,
2027. The New Notes will be unsecured, have a par value of $25.00
per note and have an interest rate of 6.625% per annum, if paid in
cash, and 7.25% per annum, if paid in kind, with a paid-in-kind
option allowing the Company's to pay interest in kind for up to two
years from the date the New Notes are issued.

Additionally, the Company will have the option to redeem the New
Notes after three years at the principal amount to be redeemed,
plus any accrued but unpaid interest, with no penalty. The Company
intends to utilize the extended maturity of the New Notes to
execute on its technology and analytics driven managing general
agency strategy, with the objective of creating value for all
stakeholders. The New Notes are expected to be issued in reliance
on the exemption to registration provided by Section 1145 of the
Bankruptcy Code; however, the Company intends to use its best
efforts to seek registration of the New Notes following the
Restructuring.

The Scheme is subject to certain conditions precedent (unless such
conditions are waived), including that a U.S. Bankruptcy Court
enters an order (or orders) recognizing the Cayman proceeding
commenced before the Cayman Court and enforcing the Scheme within
the territorial jurisdiction of the United States. In the coming
days, the Company intends to commence the recognition proceeding
under chapter 15 of the United States Bankruptcy Code by filing a
petition to obtain the Recognition and Enforcement Order. The
filing of the Recognition Petition will be made in accordance with
the RSA. The filing of the Recognition Petition will not impact the
Company's day-to-day operations.

The Company is authorized to issue 800,000,001 ordinary voting
common shares and, as of February 28, 2022, had 15,052,839 ordinary
voting common shares issued and 14,797,334 ordinary voting common
shares outstanding. The Scheme does not affect the authorized,
issued or outstanding ordinary voting common shares of the
Company.

DLA Piper LLP (US) is acting as restructuring legal counsel to the
Company, together with Conyers Dill & Pearman LLP retained as
Cayman Islands local counsel, in connection with the
Restructuring.

A copy of the Sanctions Order is available at
https://bit.ly/3M78dih

                  About Atlas Financial Holdings

Atlas Financial Holdings, Inc. -- http://www.atlas-fin.com/,
http://www.agmiinsurance.com,and http://www.getopton.com/--
provides commercial automobile insurance in the United States, with
a niche market orientation and focus on insurance for the "light"
commercial automobile sector including taxi cabs and
limousine/livery (including full-time transportation network
company drivers) and business auto. Atlas' specialized
infrastructure is designed to leverage analytics, expertise and
technology to efficiently and profitably provide insurance
solutions for independent contractors, owner operators and other
smaller accounts.


ATLAS FINANCIAL: Sees Opportunity to Recapture Business
-------------------------------------------------------
Atlas Financial Holdings, Inc., in 2018, wrote more than $285
million in gross written premium across 43 states. Responding to
challenges related to its risk-taking insurance company
subsidiaries, the Company underwent a transformational strategic
shift, repositioning its business to a less capital-intensive
managing general agency model.

The COVID-19 pandemic had a significant impact on the Company's
business, driven by an approximate 90% decrease in taxi, livery,
limousine and full-time transportation network company rides for
most of 2020 and well into 2021. Through year-end 2021, excluding
business written under the Company's former paratransit program,
the Company wrote approximately $9.3 million in gross written
premium related to its core taxi, livery, limousine and full-time
transportation network company segments, primarily in a small
number of states.

"We believe there is a meaningful opportunity to recapture business
previously written and continue to grow premium-related revenue as
the impact of the COVID-19 pandemic recedes," the Company said in a
press statement on March 1.

"Signs of a meaningful recovery are beginning to take hold. Through
its MGA operation, Anchor Group Management, Inc. ("AGMI"), Atlas
currently writes the largest volume of its business in California,
Illinois and Nevada, which were also historically among the largest
States in terms of business previously written."

According to the Company, data from the cities of San Francisco,
Chicago and Las Vegas indicate that, as of December 31, 2021, taxi
trips were down 41%, 65%, and 6%, respectively, when compared to
pre-pandemic levels which shows improvement over the 90% decrease
seen during most of the pandemic. "These are leading indicators of
demand for the insurance products AGMI provides. The number of
vehicles in service, which is ultimately the basis for our
addressable market, is catching up with demand for rides in many
markets, but our distribution channel and customers continue to
indicate that demand exceeds available vehicles," the Company said.
"In the fourth quarter of 2021, applications for insurance
submitted to AGMI were up 355% as compared to the same quarter
prior year and policies issued were up 815%. We are encouraged by a
strong start in 2022, with AGMI's applications for insurance during
January and February up 360% as compared to the same period last
year and policies issued through the end of February 2022 up 680%
compared to the same period last year. While these preliminary
results suggest that post pandemic recovery is beginning to result
in improvement to our core business, there can be no assurance that
these trends will continue or that future results will be
consistent with these indications."

Scott D. Wollney, President & CEO at Atlas said, "While it will
take some time to recapture the volume of business we produced
prior to the legacy challenges impacting our former insurance
company subsidiaries and the effect of the COVID-19 pandemic, we
are optimistic about our ability to do so and look forward to
further expansion. We are encouraged by the support from our
stakeholders demonstrated through the recent outcome of our bond
exchange and appreciate their confidence in our strategic plan. The
steady increase in demand for rides in recent months has resulted
in significant increases in application activity and policy
issuance. Anticipating a post-pandemic recovery, we maintained the
level of resources we believe will be necessary to effectively
support the increased volume of business anticipated in 2022.
Additionally, we believe our investment in our specialized
infrastructure and technology, experienced team, and broad
distribution will begin to pay off in terms of positive EBITDA as
we achieve economies of scale, which we anticipate towards the end
of this year, subject to market conditions."

                  About Atlas Financial Holdings

Atlas Financial Holdings, Inc.'s -- www.atlas-fin.com,
www.agmiinsurance.com, and www.getopton.com -- primary business is
commercial automobile insurance in the United States, with a niche
market orientation and focus on insurance for the "light"
commercial automobile sector including taxi cabs and
limousine/livery (including full-time transportation network
company drivers) and business auto. Atlas' specialized
infrastructure is designed to leverage analytics, expertise and
technology to efficiently and profitably provide insurance
solutions for independent contractors, owner operators and other
smaller accounts.

                            *     *     *

The Company's scheme of arrangement regarding the restructuring and
exchange of the Company's 6.625% senior unsecured notes has been
approved in an order by the Grand Court of the Cayman Islands
entered on February 25, 2022, sanctioning and approving the Scheme
pursuant to section 86 of Part IV of the Companies Act (2021
Revision) of the Cayman Islands. The Sanction Order followed an
overwhelming vote in favor of the Restructuring, with a large
percentage of holders, representing approximately 99.34% of the
Notes in par amount of those voting, voting in favor of the Scheme.
Pursuant to the Scheme, the Notes will be canceled and exchanged
for new securities on or around April 26, 2022. The accrued but
unpaid interest on the Notes as of the date the New Notes are
issued will effectively be added onto the principal of the New
Notes. The New Notes will have a maturity date of April 27, 2027,
will be unsecured, have a par value of $25.00 per note and have an
interest rate of 6.625% per annum, if paid in cash, and 7.25% per
annum, if paid in kind, with a paid-in-kind option allowing the
Company's to pay interest in kind for up to two years from the date
the New Notes are issued. Additionally, the Company will have the
option to redeem the New Notes after three years at the principal
amount to be redeemed, plus any accrued but unpaid interest, with
no penalty. The Company intends to utilize the extended maturity of
the New Notes to execute on its technology and analytics driven
managing general agency ("MGA") strategy, with the objective of
creating value for all stakeholders.

The Company intends to commence a recognition proceeding under
chapter 15 of the United States Bankruptcy Code for a U.S.
Bankruptcy Court to enter an order (or orders) recognizing the
Cayman proceeding commenced before the Cayman Court and enforcing
the Scheme within the territorial jurisdiction of the United States
by filing a petition to obtain the Recognition and Enforcement
Order.


AUNT BETTYE'S: Seeks to Hire Brown Law Firm as Bankruptcy Counsel
-----------------------------------------------------------------
Aunt Bettye's Child Development Center, LLC seeks approval from the
U.S. Bankruptcy Court for the Western District of Oklahoma to hire
Brown Law Firm, P.C. to serve as legal counsel in its Chapter 11
case.

The firm's services include:

     a. negotiating allowed claims and treatment of creditors;

     b. rendering legal advice and preparing legal documents
concerning claims of creditors, post-petition financing, executory
contracts, sale of assets and insurance;

     c. representing the Debtor in hearings and other contested
matters;

     d. formulating a disclosure statement and plan of
reorganization; and

     e. representing the Debtor in all other matters needed for
reorganization.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     Ron D. Brown, Esq.   $350 per hour
     Associate            $250 per hour
     Paralegal            $75 per hour

As disclosed in court filings, Brown Law Firm does not represent
any interest adverse to the Debtor's estate.
  
The firm can be reached through:

     Ron D. Brown, Esq.
     R. Gavin Fouts, Esq.
     Brown Law Firm, P.C.
     715 S. Elgin Ave
     Tulsa, OK 74120
     Phone: (918) 585-9500
     Fax: (866) 552-4874
     Email: ron@ronbrownlaw.com
            gavin@ronbrownlaw.com

            About Aunt Bettye's Child Development Center

Aunt Bettye's Child Development Center, LLC sought protection for
relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Okla.
Case No. 22-10245) on Feb. 15, 2021, listing up to $100,000 in
assets and up to $50,000 in liabilities. Thomas D. Walton, manager
and owner, signed the petition.

Judge Sarah A. Hall oversees the case.

Ron D. Brown, Esq., and R. Gavin Fouts, Esq., at Brown Law Firm,
P.C. represent the Debtor as bankruptcy attorneys.


AUSTIN AIRPORT: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Austin Airport Suites, LLC
          d/b/a Staybridge Suites Austin Airport
        1611 Airport Commerce St.
        Austin, TX 78741

Chapter 11 Petition Date: February 28, 2022

Court: United States Bankruptcy Court
       Western District of Texas

Case No.: 22-10135

Judge: Hon. Tony M. Davis

Debtor's Counsel: C. Daniel Roberts, Esq.
                  C. DANIEL ROBERTS, P.C.
                  1602 East Cesar Chavez
                  Austin, TX 78702-4456
                  Tel: (512) 494-8448
                  Email: droberts@cdrlaw.net

                    - and -

                  Kell C. Mercer, Esq.
                  KELL C. MERCER, P.C.

Total Assets: $124,689

Total Liabilities: $9,818,238

The petition was signed by Armando Batarse Cardenas, president,
Austin Airport Suites Management, Inc., managing member.

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

https://www.pacermonitor.com/view/VWNGEFI/Austin_Airport_Suites_LLC__txwbke-22-10135__0001.0.pdf?mcid=tGE4TAMA


AUTOMOTIVE PARTS: Unsecureds to Recover 3.2% to 8.9% in Plan
------------------------------------------------------------
APDI Liquidation LLC, formerly known as Automotive Parts
Distribution International, LLC, submitted a Disclosure Statement
for First Amended Joint Chapter 11 Plan of Liquidation dated Feb.
28, 2022.

The Plan proposes the establishment of a Trust to liquidate the
Debtor's remaining assets, reconcile claims, and distribute the
Debtor's assets, including proceeds from the sale of substantially
all of its assets, to its creditors in accordance with the priority
scheme set forth in the Bankruptcy Code.

Class 1 consists of Other Priority Claims. Each holder of an
Allowed Other Priority Claim shall receive from the Debtor or the
Trust, in full satisfaction, release and discharge of, and in
exchange for such Allowed Other Priority Claim, the amount of such
Allowed Other Priority Claim in Cash on or as soon as practicable
after the latest of: (i) the Effective Date; (ii) the date that is
14 days after the date such Other Priority Claim is Allowed; or
(iii) such other date as may be agreed upon in writing by the
holder of such Allowed Other Priority Claim and the Debtor, or,
after the Effective Date, the Trust. The Allowed Class 1 Claims
total $1,540.00. This Class will receive a distribution of 100% of
their allowed claims.

Class 3 consists of General Unsecured Claims. Each holder of an
Allowed General Unsecured Claim shall receive, in full
satisfaction, release and discharge of and in exchange for such
Allowed General Unsecured Claim, on or as soon as reasonably
practicable after the Effective Date, a Trust Interest, which shall
entitle each holder thereof to its Pro Rata share of Trust Assets
after satisfaction in full of Allowed Administrative Claims,
Allowed Priority Tax Claims, Allowed Other Priority Claims, Allowed
Secured Claims, payment of, or provision for, all other amounts
payable under the Wind Down Budget, and Trust Expenses. For the
avoidance of doubt, Allowed General Unsecured Claims shall be
treated pari passu with Allowed Class 4A Insider Claims. The
allowed unsecured claims total $6,355.023.16. This Class will
receive a distribution of 3.2%-8.9% of their allowed claims.

Class 4A consists of Insider Claims (Subclass 4A). Each holder of
an Allowed Class 4A Insider Claim shall receive a Trust Interest,
which shall entitle each holder thereof to share pari passu with
holders of Allowed Class 3 General Unsecured Claims. The allowed
Class 4A claims total $23,987,138.56. This Class will receive a
distribution of 3.2%-8.9% of their allowed claims.

The Debtor consummated the sale of the Assets to the Buyer pursuant
to the Stalking Horse APA and Sale Order on August 31, 2021. To the
extent a Claim is one of the Assumed Liabilities (as defined in the
Bidding Procedures Motion), such Claim will not be entitled to a
distribution under the Plan.

On the Effective Date, the Debtor and the Trustee shall execute the
Trust Agreement3 and shall take all steps necessary to establish
the Trust in accordance with the Plan and the beneficial interests
therein, which shall be for the benefit of the Trust Beneficiaries.
In the event of any conflict between the terms of Article 7 of the
Plan and the terms of the Trust Agreement, the terms of the Trust
Agreement shall control.

The Cash necessary to fund the budgeted expenses in the Wind Down
Budget shall be funded from the proceeds of the sale of any
unencumbered Assets and the Debtor's Cash on hand.

A full-text copy of the Disclosure Statement dated Feb. 28, 2022,
is available at https://bit.ly/3prKU9a from PacerMonitor.com at no
charge.

Counsel for the Debtor:

     Rakhee V. Patel, Esq.
     Annmarie Chiarello, Esq.
     Winstead PC
     2728 N. Harwood Street
     Dallas, TX 75201
     Tel: (214) 745-5400
     Fax: (214) 745-5390
     Email: rpatel@winstead.com
            achiarello@winstead.com

             - and -

     Jeffrey A. Hokanson, Esq.
     Roya Z. Porter, Esq.
     Ice Miller LLP
     One American Square, Suite 2900
     Indianapolis, IN 46282-0200
     Tel: (317) 236-2236
     Fax: (317) 592-4809
     Email: Jeff.Hokanson@icemiller.com
            Roya.Porter@icemiller.com

                     About Automotive Parts

Automotive Parts Distribution International, LLC, now known as APDI
Liquidation LLC, was established in January 2008 as a distribution
and marketing company to cover the North American aftermarket. It
offers radiators, condensers, fan assemblies, heater cores,
intercoolers, heavy duty radiators, and fuel pump module
assemblies.

Automotive Parts filed a voluntary petition for Chapter 11
protection (Bankr. N.D. Texas Case No. 21-41655) on July 12, 2021,
listing up to $10 million in assets and up to $50 million in
liabilities.  Kevin O'Connor, chief executive officer, signed the
petition.  Judge Edward L. Morris oversees the case.

The Debtor tapped Winstead PC, and Ice Miller, LLP as legal counsel
and Howard, LLP as tax services provider.

The U.S. Trustee for Region 6 appointed an official committee of
unsecured creditors in the Debtor's Chapter 11 case on Aug. 6,
2021.  Kelley Drye & Warren, LLP and Province, LLC serve as the
committee's legal counsel and financial advisor, respectively.


BELL AND ARTHUR: Gets OK to Hire FactorLaw as Legal Counsel
-----------------------------------------------------------
Bell and Arthur Condominium Association, Inc. received approval
from the U.S. Bankruptcy Court for the Northern District of
Illinois to hire FactorLaw, Ltd. to serve as legal counsel in its
Chapter 11 case.

The firm's services include:

  -- advising the Debtor with respect to its powers, rights and
duties under the Bankruptcy Code;

  -- attending meetings and negotiating with creditors and other
concerned parties;

  -- advising the Debtor on the conduct of the case, including all
the legal and administrative requirements of operating under
Chapter 11 of the Bankruptcy Code;

  -- taking all necessary actions to protect and preserve the
Debtor's estate, including but not limited to, prosecuting or
defending all motions and proceedings;

  -- preparing and filing, or defending, adversary proceedings and
other litigation involving the Debtor and its interests in
property;

  -- preparing legal papers;

  -- preparing and negotiating a Chapter 11 plan, disclosure
statement and related documents, and taking any necessary action to
obtain confirmation of the plan; and

  -- Performing other necessary legal services required by the
Debtor.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     William J. Factor     Partner            $400
     Jeffrey Paulsen       Partner            $375
     Ariane Holtschlag     Partner            $375
     Isaiah A. Fishman     Partner            $375
     Justin Storer         Partner            $375
     Elizabeth Peterson    Associate          $325
     Thomas Griseta        Associate          $300
     Katherine McDermott   Associate          $250
     Sam Rodgers           Paralegal          $125
     Danielle Ranallo      Legal Assistant    $100  

FactorLaw received a retainer in the amount of $2,500.

Justin Storer, Esq., at FactorLaw, disclosed in court filings that
his firm is "disinterested" within the meaning of Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Justin Storer, Esq.
     FactorLaw, Ltd.
     105 W. Madison, Suite 1500
     Chicago, IL 60602
     Tel: (312) 878-6976
     Fax: (847) 574-8233
     Email: jstorer@wfactorlaw.com

           About Bell and Arthur Condominium Association

Bell and Arthur Condominium Association, Inc. sought protection for
relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill.
Case No. 22-00410) on Jan. 13, 2022, listing as much as $1 million
in both assets and liabilities. Judge Carol A. Doyle oversees the
case.

William J. Factor, Esq., at FactorLaw, Ltd. serves as the Debtor's
legal counsel.


BETTER 4 YOU: Seeks Cash Collateral Access
------------------------------------------
Better 4 You Breakfast, Inc. asks the U.S. Bankruptcy Court for the
Central District of California, Los Angeles Division, for authority
to use cash collateral in accordance with the proposed budget and
provide adequate protection.

The Debtor requires the use of cash collateral to fund ongoing
business operations including the payment of wages, taxes,
utilities and other ordinary and necessary expenses.

On February 24, 2022, the Los Angeles Superior Court issued an
Order appointing a receiver to liquidate the assets of the Debtor's
subsidiaries, Balance Foods, LLC and Moreno Bros. Distributing,
LLC.

Until the month of February 2021, the Debtor employed a full-time
CFO who was experiencing serious personal problems. The extent of
these problems was unknown to the Debtor's management. As a result
of these problems, however, the CFO began to perform erratically.
This included failing to properly maintain the Debtor's books and
records for the last three quarters of 2021 and the current first
quarter of 2022. The problems were not discovered until about
October 2021.

The Debtor has placed the CFO on leave with reduced duties and is
undergoing an internal audit to correct the accounting errors, but
these problems caused the Debtor to default on its credit facility
with Bank Leumi. The bank called the term loan and demanded
immediate payment of roughly $16 million. The Debtor was unable to
"write a check". This case was filed only after last minute efforts
to negotiate a settlement with Leumi were not successful and just
minutes before a hearing in Los Angeles Superior Court at which
Leumi was seeking to impose a receiver to liquidate the Debtor's
business.

The entities that assert an interest in the Debtor's cash
collateral are Bank Leumi, Fox Business Funding c/o Corporation
Service Company, CA Employment Dev. Dept, US Small Business
Administration, Corporation Service Company, Samson Orus, and Vox
Funding, c/o CT Corporation System.

The Debtor asserts that the secured creditors who may be holding
security interests in cash are adequately protected by the dollar
amount and quality of the Debtor's receivables, as well as the
Debtor's historical financial performance.

A copy of the motion is available at https://bit.ly/3htPVK0 from
PacerMonitor.com.

                About Better 4 You Breakfast, Inc.

Better 4 You Breakfast, Inc. manufactures, packages and distributes
pre-packaged meals on a contract basis for specified periods of
time to approximately 400 clients including schools, residential
care facilities, senior care facilities, rehabilitation facilities
and others in California and Nevada. Those clients distribute the
meals to thousands of low income people including school children,
those in senior care facilities, medical facilities and in other
settings. The meals provided include breakfast, lunch, dinner and
snacks. The meals are manufactured and assembled in Los Angeles
County, California, at the Company's primary headquarters in the
City of Commerce, and distributed through leased warehouses in
several "regions".

Better 4 You Breakfast sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 22-10994) on
February 24, 2022. In the petition signed by Fernando Castillo,
president, the Debtor disclosed up to $50 million in both assets
and liabilities.

Judge Barry Russell oversees the case.

Daniel A. Tilem, Esq., at Law Offices of David A. Tilem is the
Debtor's counsel.



BFCD PROPERTIES: Hearing on Disclosure Statement on April 5
-----------------------------------------------------------
Judge Henry W. Van Eck has entered an order that the hearing to
consider approval of the Amended Disclosure Statement of BFCD
Properties, LLC, will be held at Ronald Reagan Federal Building,
Bankruptcy Courtroom (3rd Floor), Third & Walnut Streets,
Harrisburg, PA 17101 on April 5, 2022 at 9:30 AM.

March 20, 2022, is fixed as the last day for filing and serving in
accordance with Federal Rules of Bankruptcy Procedure 3017(a)
written objections to the Amended Disclosure Statement.

                     About BFCD Properties

BFCD Properties, LLC, sought protection for relief under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 21-01127) on May
18, 2021, listing $100,001 to $500,000 in both assets and
liabilities.  Judge Henry W. Van Eck oversees the case.  The Weiss
Law Group, LLC, and Mott & Gendron Law serve as the Debtor's legal
counsel.


BLACK CREEK: April 12 Disclosure Statement Hearing Set
------------------------------------------------------
Judge Stacey L. Meisel has entered an order within which April 12,
2022 at 11:00 A.M. at Courtroom 3A, in the U.S. Bankruptcy Court,
50 Walnut Street, Newark, New Jersey 07102 is the hearing on the
adequacy of the Disclosure Statement of Black Creek Condos LLC.

In addition, written objections to the adequacy of the Disclosure
Statement shall be filed no later than 14 days prior to the hearing
before this Court, unless otherwise directed by the court.

A full-text copy of the order dated Feb. 24, 2022, is available at
https://bit.ly/3tb99tf from PacerMonitor.com at no charge.

Counsel for Jointly Administered Debtors:

     HOOK & FATOVICH, LLC
     1044 Route 23 North, Suite 100
     Wayne, New Jersey 07470
     Tel.: 973.686.3800
     Fax: 973.686.3801
     ILISSA CHURGIN HOOK, ESQ.
     MILICA A. FATOVICH, ESQ.

                     About Black Creek Condos

Black Creek Condos LLC filed a Chapter 11 petition (Bankr. D.N.J.
Lead Case No. 21-15192) on June 24, 2021, together with its two
affiliates, Black Creek Condos 57592 LLC and Black Creek Condos
57593 LLC.  A third affiliate, Camp Monte LLC, sought Chapter 11
protection (Bankr. D.N.J. Case No. 21-15195) the next day.  The
Debtors own a combined total of 23 condominium units in the Black
Creek Sanctuary Condominium Association development known as the
Black Creek Sanctuary located in the Township of Vernon, New
Jersey.

In the petitions signed by Moshe Rudich, managing member, each
Debtor estimated $1 million to $10 million in both assets and
liabilities.  The cases are jointly administered under Black Creek
Condos LLC's case.

Judge Stacey L. Meisel oversees the cases.

Hook & Fatovich, LLC, serves as counsel for the Debtors.


BODY TEK: Unsecured Will Cover 5% in 60 Months
----------------------------------------------
Body Tek Fitness Pembroke Pines LLC submitted a Chapter 11 Small
Business Plan and a Disclosure Statement.

The Debtor is a Florida Limited Liability Company which was
authorized to do business on February 4, 2019. It has become a
popular fitness center and was voted to be Broward's best gym pre
COVID. It provides a unique workout program through classes
conducted by its trainers. Members pay a monthly fee for classes
with no long term commitment.

Under the Plan, Class 2 Allowed Unsecured Claims totaling $291,547.
Class 2 creditors will receive a total distribution in an amount
equal to 5% of their claim in no more than 60 equal monthly
installments commencing on the Effective Date. Class 2 is
impaired.

Payment to all creditors will be made from operating revenues.

Attorney for the Debtor:

     Susan D. Lasky, Esq.
     320 18th Street
     Ft Lauderdale, FL 33316
     Tel: (954) 400-7474
     Fax: (954) 206-0628
     E-mail: Sue@SueLasky.com

A copy of the Disclosure Statement dated Feb. 23, 2022, is
available at https://bit.ly/3BTCXyn from PacerMonitor.com.

                    About Body Tek Fitness

Body Tek Fitness Inc., a Wilton Manors, Florida-based gym chain,
and its affiliates, Bodytek Fitness Franchising Inc. and Bodytek
Fitness Boca West LLC, filed for Chapter 11 protection (Bankr. S.D.
Fla. Lead Case No. 21-13698) on April 19, 2021.  In the petition
signed by CEO Michael Verdugo, Body Tek Fitness disclosed $53,000
in total assets and $552,000 in total liabilities.  Judge Scott M.
Grossman oversees the cases.  Susan D. Lasky PA serves as the
Debtors' legal counsel.


BROOKLYN EVENTS: Moody's Alters Outlook on Ba1 Rating to Stable
---------------------------------------------------------------
Moody's Investors Service has revised Brooklyn Events Center, LLC's
(ArenaCo) rating outlook to stable from negative and has
concurrently affirmed the Ba1 rating on the PILOT Revenue Bonds,
Series 2009 (Barclays Center Project), PILOT Revenue Refunding
Bonds, Series 2016A (Barclays Center) and PILOT Revenue Refunding
Bonds, Series 2016B (Barclays Center) (Federally Taxable). The
bonds were issued by the Brooklyn Arena Local Development
Corporation that served as the conduit issuer.

Brooklyn Events Center, LLC (ArenaCo) subleases the Arena (the
Barclays Center) from the Brooklyn Arena Local Development
Corporation (BaldCo) that subleases the Arena from the Empire State
Development that owns the Arena and the land on which it sits. The
Arena is a venue for sports and entertainment events that serves as
the home court for the NBA's Brooklyn Nets and the WNBA's New York
Liberty.

Affirmations:

Issuer: Brooklyn Arena Local Development Corporation

Senior Secured Revenue Bonds, Affirmed Ba1

Underlying Senior Secured Revenue Bonds, Affirmed Ba1

Affirmations:

Issuer: Brooklyn Events Center, LLC

Senior Secured Regular/Bond Debenture, Affirmed Ba1

Outlook Actions:

Issuer: Brooklyn Events Center, LLC

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

The revision of the outlook to stable from negative and ratings
affirmations reflect the demonstrated equity support from ownership
coupled with the continued cashflow improvement at the Arena that
should reduce its reliance on future equity support over time.
Moody's expect ownership to continue to provide equity support, if
needed, to ensure the Arena has sufficient funds to cover its
operating costs, including debt service, without drawing on any
indenture required debt service reserve funds. Ownership has a very
high incentive to provide liquidity support to ArenaCo, if needed,
because of the Arena's long-term revenue generating potential that
contributes to the high franchise value of the team. This strong
governance is a key driver of the revision of the outlook to stable
from negative.

This equity support reflects not only the owner's commitment to the
team and ArenaCo, but also compliance with the operating support
agreement that has proven to provide strong governance support
during downside events like the pandemic. ArenaCo's owner, Joseph
Tsai, has signed an operating support agreement with the NBA
whereby he unconditionally and irrevocably agrees to provide the
Nets and ArenaCo with all amounts necessary to meet their expenses
and payment obligations, including the PILOTs, if necessary. This
obligation has not only been honored to date, but there has been
additional equity funded capital investment in the Arena that is
expected to continue, as well as additional investment in the team
as well. In addition to the operating support agreement, the Nets
benefit from a consent letter with the NBA that allows the team to
access the league's support, including liquidity, an important
credit consideration for ArenaCo in the unlikely event of a
worst-case scenario. The NBA consent letter affords the NBA the
right to bundle and sell the team with the Arena to repay any
overdue and uncured PILOTs, which provides the owner with another
strong incentive to continue to make the PILOT payments.

The Ba1 rating reflects the strength and value of the Nets
franchise, which includes the Arena, located in the strongest and
most affluent media market in the US, coupled with the Nets'
non-relocation agreement that ties the team to the Arena and
provides a degree of long-term cash flow predictability. The rating
incorporates the higher share of contractually obligated income in
the form of naming rights, sponsorships, and suites agreements that
will fluctuate with team performance over time. The rating also
considers the improvement in the team's performance that has
resulted in attendance growth. This has positioned the Nets in the
top half of the NBA for average annual attendance for the first
time since moving into the Arena in 2012, according to attendance
figures from ESPN.com. This improvement should help drive demand
for suites, premium seating and tickets as well as sponsorships.
Moody's have seen improvement in some recent sponsorship deals and
there is upside potential in the next few years as the owners
implement their strategy related to these outstanding agreements.

The rating incorporates the continued recovery in other live events
at the Arena that are a large generator of excess cashflow and are
key to ArenaCo's long-term recovery. While the number of events
continues to increase, the margins earned, and total number of
events will need to continue to grow over the next few years before
a new stabilized level of annual events is reached. The pent-up
demand for live entertainment helps this recovery but current total
demand has remained about 10% to 15% below pre-pandemic levels.
Moody's expect this to improve over time as well. The rating also
incorporates the strong liquidity, including a cash-funded debt
service reserve fund equal to 12 months of average annual debt
service and a cash-funded strike/liquidity reserve equal to 50% of
average annual debt service.

OUTLOOK

The stable rating outlook reflects Moody's view that ArenaCo will
continue to recover from the pandemic and will require less equity
support in the future as ArenaCo's cashflow continues to improve.
The stable outlook incorporates Moody's view that ownership will
continue to provide equity support as needed to ensure ArenaCo has
sufficient funds to cover its operating costs, including debt
service, without drawing on any indenture required liquidity
reserves.

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

FACTORS THAT COULD LEAD TO AN UPGRADE

ArenaCo's annual cashflows generate annual debt service coverage
ratios of at least 1.40x on a sustained basis without any equity
support.

Reduction in leverage or debt service that reduces the need for
margins to grow over the long-term.

FACTORS THAT COULD LEAD TO A DOWNGRADE

Any question that needed equity support may be delayed or not
provided in a timely manner.

A draw on the debt service reserve fund.

Change in ownership resulting in less credit supportive owners
where equity support is questioned.

OBLIGOR PROFILE

Brooklyn Events Center, LLC (ArenaCo) is a special purpose entity
created to manage the construction, operations and maintenance of
the Arena. Empire State Development owns the Arena and the land on
which it sits, which is leased to the Brooklyn Arena Local
Development Corporation (BALDCo), the issuer of the PILOT bonds.
BALDCo subleases the Arena to ArenaCo, and ArenaCo is obligated to
make Payments in Lieu of Taxes (PILOTs) to the PILOT Trustee, which
has agreed to remit the PILOT payments to the PILOT Trustee that
directs the payments to bondholders via the PILOT Bond Trustee.

The principal methodology used in these ratings was Generic Project
Finance Methodology published in January 2022.


BSPV-PLANO: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: BSPV-Plano, LLC
        1109 Park Vista Rd.
        Plano, TX 75094

Chapter 11 Petition Date: March 1, 2022

Court: United States Bankruptcy Court
       Eastern District of Texas

Case No.: 22-40276

Debtor's Counsel: Thomas D. Berghman, Esq.
                  MUNSCH HARDT KOPF & HARR, P.C.
                  500 N. Akard Street, Suite 3800
                  Dallas, TX 75201-6659
                  Tel: 214-855-7500

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Richard Shaw as manager.

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

https://www.pacermonitor.com/view/JMBJC7A/BSPV-Plano_LLC__txebke-22-40276__0001.0.pdf?mcid=tGE4TAMA
List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. M Lawncare &                                           $131,569
Sprinkler, LLC
806 Jennifer Ct.
Highland Village, TX
75077

2. Oldham Lumber Company                                  $118,738
8738 Forney Rd.
Dallas, TX 75227

3. Regent Construction                                     $91,646
1107 E 1st St.
Fort Worth, TX 76102

4. AGES Service                                            $75,600
Company, Inc.
1080 S. Kimball Ave.
Ste. 150
Southlake, TX 76092

5. Landstar Excavation Inc.                                $74,187
P.O. Box 293838
Lewisville, TX 76247

6. Zais Companies                                          $50,000
P.O. Box 1403
Decatur, TX 76234

7. Slates Harwell LLP                                      $45,012
1700 Pacific Ave.
Ste. 3800
Dallas, TX 75201

8. Paradis Brothers                                        $37,360
Construction Inc.
450 Cherry Ln.
Southlake, TX 75092

9. Southwest Enclosure                                     $34,965
Systems, Inc.
1438 Crescent Dr.
#104
Carrollton, TX 75006

10. Centex Skilled                                         $30,759
Trades, LLC
1813 Ann and Dossy Ct.
Crowley, TX 76036

11. Trusted Mechanical Services                            $20,700
7665 Dick Price Rd.
Mansfield, TX 76063

12. Miguel Hernandez                                       $15,725
1508 Indiana Ct.
Irving, TX 75060

13. Dalworth Framing Corp.                                 $13,950
4817 Worth St.
Dallas, TX 75246

14. Terry's Portable Welding                               $13,253
106 E. Pioneer
Irving, TX 75061

15. American Arbitration Association                        $6,200
120 Broadway, 21st Fl.
New York, NY 10271

16. Civil Point Engineers                                   $4,000
9101 LBJ Frwy., Ste. 300
Dallas, TX 75243

17. TXU Energy                                              $2,715
P.O. Box 650638
Dallas, TX
75265-0638

18. Republic Services                                       $2,101
#615
551 Huffines Blvd.
Lewisville, TX 75056

19. Trinia Zais                                             $1,925
P.O. Box 1403
Decatur, TX 76234

20. Ranger Fire, Inc.                                       $1,350
1000 S. Main St.
Ste. 150
Grapevine, TX 76051


CALIFORNIA STATEWIDE: Moody's Ups Rating on 2002B Term Bonds to Ba2
-------------------------------------------------------------------
Moody's Investors Service has upgraded the ratings of four tranches
in the tobacco settlement revenue securitization issued by
California Statewide Financing Authority.

The complete rating actions are as follows:

Issuer: California Statewide Financing Authority (Pooled Tobacco
Securitization Program), Series 2002

Ser. 2002A Term Bonds 2, Upgraded to Baa3 (sf); previously on Feb
11, 2021 Upgraded to Ba1 (sf)

Ser. 2002A Term Bonds 3, Upgraded to Ba2 (sf); previously on Feb
20, 2014 Confirmed at Ba3 (sf)

Ser. 2002B Term Bonds 2, Upgraded to Baa3 (sf); previously on Feb
11, 2021 Upgraded to Ba1 (sf)

Ser. 2002B Term Bonds 3, Upgraded to Ba2 (sf); previously on Feb
20, 2014 Confirmed at Ba3 (sf)

RATINGS RATIONALE

The upgrade actions are primarily driven by the deleveraging of the
notes and the availability of cash reserves. In addition to the
factors discussed above, the rating actions are generally driven by
future projections of cigarette shipment volume declines, which are
projected to decline 2%-3% in next three years before accelerating
back to 5%-6%.

Continued shifts in attitudes towards smoking, as well as further
regulation, pose very high risks for tobacco settlement ABS. These
identified risks have been taken into account in the analysis of
the ABS.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was "Tobacco
Settlement Revenue Securitizations Methodology" published in May
2020.

Factors that would lead to an upgrade or downgrade of the ratings:

Up

Moody's could upgrade the ratings if the annual rate of decline in
the volume of domestic cigarette shipments decreases, if payments
increase due to inflation, if future arbitration proceedings and
subsequent recoveries for settling states become more expeditious
than they currently are, or if additional settlements are entered
into which benefit the bonds.

Down

Moody's could downgrade the ratings if the annual rate of decline
in the volume of domestic cigarette shipments increases, if
subsequent recoveries from future arbitration proceedings for
settling states take longer than Moody's assumption of 15-20 years,
if an arbitration panel finds that a settling state was not
diligent in enforcing a certain statute which could lead to a
significant decline in cash flow to that state, or if additional
settlements are entered into which reduce the cash flow to the
bonds.


CARVANA CO: Incurs $287 Million Net Loss in 2021
------------------------------------------------
Carvana Co. filed with the Securities and Exchange Commission its
Annual Report on Form 10-K disclosing a net loss of $287 million on
$12.81 billion of net sales and operating revenues for the year
ended Dec. 31, 2021, compared to a net loss of $462 million on
$5.59 billion of net sales and operating revenues for the year
ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $7.02 billion in total assets,
$6.49 billion in total liabilities, and $525 million in total
stockholders' equity.

"2021 was a year full of meaningful milestones.  We sold our 1
millionth car, achieved our first positive earnings quarter, and
became the fastest growing e-commerce company in U.S. history,"
said Ernie Garcia, founder and CEO of Carvana.  "We're extremely
proud of these milestones but most proud of being named #1 retailer
on Forbes 2022 best employers list in the U.S.  None of this is
possible without an incredible team comprised of exceptional people
who care deeply about delivering great experiences to our
customers."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1690820/000169082022000080/cvna-20211231.htm

                          About Carvana

Founded in 2012 and based in Tempe, Arizona, Carvana Co. --
http://www.carvana.com-- is a holding company that was formed as
a Delaware corporation on Nov. 29, 2016.  Carvana is an e-commerce
platform for buying and selling used cars.  The Company owns and
operates Carvana.com, which enables consumers to quickly and easily
shop vehicles, finance, trade-in or sell their current vehicle to
Carvana, sign contracts, and schedule as-soon-as-next-day delivery
or pickup at one of Carvana's patented, automated Car Vending
Machines.

Carvana Co. reported a net loss of $364.64 million in 2019, a net
loss of $254.74 million in 2018, and a net loss of $164.32 million
in 2017.  As of Sept. 30, 2021, the Company had $5.36 billion in
total assets, $4.65 billion in total liabilities, and $708 million
in total stockholders' equity.

                             *   *   *

As reported by the TCR on May 24, 2021, S&P Global Ratings revised
its ratings outlook to positive from stable and affirmed its 'CCC+'
issuer credit rating on online used-car retailer Carvana Co.  "The
positive outlook indicates that we could raise the ratings on
Carvana if the company continues to make progress in leveraging its
scale to improve margins such that it can achieve near breakeven
EBITDA while maintaining sufficient liquidity to pay for its cash
burn for at least 18 months," S&P said.


CARVANA CO: Moody's Puts 'B3' CFR Under Review for Downgrade
------------------------------------------------------------
Moody's Investors Service placed Carvana Co.'s B3 corporate family
rating; B3-PD probability of default rating and Caa2 senior
unsecured rating on review for downgrade.

The review for downgrade is driven by Carvana's announcement [1]
that it signed a definitive agreement to acquire the physical
auction business of ADESA US for approximately $2.2 billion.
Carvana expects to issue approximately $3.275 billion of new debt
to fund the acquisition as well as pre-fund about $1.0 billion of
capital it believes is required to renovate acquired properties.

On Review for Downgrade:

Issuer: Carvana Co.

Corporate Family Rating, Placed on Review for Downgrade, currently
B3

Probability of Default Rating, Placed on Review for Downgrade,
currently B3-PD

Senior Unsecured Regular Bond/Debenture, Placed on Review for
Downgrade, currently Caa2 (LGD5)

Outlook Actions:

Issuer: Carvana Co.

Outlook, Changed To Rating Under Review From Stable

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

The review will focus on Carvana's ultimate capital structure and
the liquidity required to integrate the acquisition, build the
required infrastructure and refurbishment centers to meets its
internal goals and support ongoing operations. The review will also
focus on the acquisitions impact on Carvana's trajectory towards
generating consistently positive EBITDA.

Given the review for downgrade and the lack of profitability, an
upgrade in the near term is unlikely. Over time, upward momentum
would generate once EBITDA turns consistently positive with at
least adequate liquidity. Ratings could be downgraded if operating
performance levels do not continue to progress such that
profitability is sustained on a quarterly basis or liquidity
weakens for any reason.

Headquartered in Tempe, Arizona, Carvana is an online-only used
vehicle retailer with LTM June 2021 revenues of $13 billion.

The principal methodology used in these ratings was Retail
published in November 2021.


CARVANA CO: To Buy ADESA US Physical Auction Biz From KAR for $2.2B
-------------------------------------------------------------------
Carvana Co. has signed a definitive agreement to acquire ADESA's US
physical auction business, a wholly owned subsidiary of KAR Global,
subject to customary closing conditions, for $2.2 billion in cash.
ADESA U.S. is the second largest provider of wholesale vehicle
auction solutions in the United States with 56 sites and
approximately 4,500 corporate and operations team members.  In
2021, the ADESA U.S. business facilitated more than one million
transactions through those sites, which total approximately 6.5
million square feet of buildings on more than 4,000 acres.

"We are thrilled to welcome ADESA U.S. to the Carvana family.
Together with Carvana's existing operations, ADESA U.S.'s
nationwide infrastructure network and robust, highly profitable
business will accelerate Carvana's progress toward becoming the
largest and most profitable automotive retailer," said Ernie
Garcia, Carvana Founder and CEO.  "Over time, we will leverage our
combined infrastructure and complementary expertise to deliver even
better selection, better value, and faster delivery times to our
retail customers while simultaneously raising the bar and providing
more access and better experiences to our wholesale customers."

Carvana and ADESA U.S.'s footprints are highly complementary and
combining them extends the collective reach of the two businesses.
ADESA U.S.'s existing and potential reconditioning operations can
contribute 2M+ incremental units to Carvana's annual production at
full utilization.  Further, 78% of the U.S. population lives within
100 miles of either an ADESA U.S. or existing Carvana inspection
and reconditioning center, meaning customers will have access to
more vehicles with faster delivery times than ever before.

"ADESA earned its place as a respected brand in our industry
because of its dedicated team and robust operations," Garcia said.
"We have long admired ADESA, having come to appreciate their
approach as a customer for many years.  We look forward to joining
forces and continuing on the path of delivering the best customer
offering for both retail and wholesale customers."

Carvana will continue to operate ADESA U.S.'s existing wholesale
auction business and related services under the ADESA brand.  ADESA
U.S. President John Hammer additional senior and executive
leadership and teams will transition to Carvana after the deal is
closed.  The ADESA U.S. business generated over $800M of revenue
and over $100M of EBITDA* in 2021.

"ADESA and Carvana are committed to ensuring a smooth, seamless
transition for the ADESA U.S. physical auction customers," said
John Hammer, president of ADESA.  "We look forward to bringing our
innovative teams together and combining the power of our physical
auction and retail capabilities to better serve buyers, sellers and
consumers across the automotive industry."

Carvana has received committed financing of up to $3.275B from
JPMorgan Chase Bank N.A. and Citi and intends to fund the purchase
price and an additional $1 billion in improvements across the 56
sites through a committed debt financing.

Carvana is advised by Citi and J.P. Morgan Securities LLC as
financial advisors and Kirkland & Ellis LLP as legal counsel .

                          About Carvana

Founded in 2012 and based in Tempe, Arizona, Carvana Co. --
http://www.carvana.com-- is a holding company that was formed as
a Delaware corporation on Nov. 29, 2016.  Carvana is an e-commerce
platform for buying and selling used cars.  The Company owns and
operates Carvana.com, which enables consumers to quickly and easily
shop vehicles, finance, trade-in or sell their current vehicle to
Carvana, sign contracts, and schedule as-soon-as-next-day delivery
or pickup at one of Carvana's patented, automated Car Vending
Machines.

Carvana Co. reported a net loss of $364.64 million in 2019, a net
loss of $254.74 million in 2018, and a net loss of $164.32 million
in 2017.  As of Sept. 30, 2021, the Company had $5.36 billion in
total assets, $4.65 billion in total liabilities, and $708 million
in total stockholders' equity.

                             *   *   *

As reported by the TCR on May 24, 2021, S&P Global Ratings revised
its ratings outlook to positive from stable and affirmed its 'CCC+'
issuer credit rating on online used-car retailer Carvana Co.  "The
positive outlook indicates that we could raise the ratings on
Carvana if the company continues to make progress in leveraging its
scale to improve margins such that it can achieve near breakeven
EBITDA while maintaining sufficient liquidity to pay for its cash
burn for at least 18 months," S&P said.


CEDAR FAIR: Incurs $48.5 Million Net Loss in 2021
-------------------------------------------------
Cedar Fair, L.P. filed with the Securities and Exchange Commission
its Annual Report on Form 10-K disclosing a net loss of $48.52
million on $1.34 billion of net revenues for the year ended Dec.
31, 2021, compared to a net loss of $590.24 million on $181.56
million of net revenues for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $2.31 billion in total assets,
$381.51 million in total current liabilities, $66.48 million in
deferred tax liability, $20.09 million in derivative liability,
$13.35 million in lease liability, $11.14 million in other
liabilities, $2.52 billion in long-term debt, and a partner's
deficit of $698.49 million.

Cedar Fair stated "Our principal sources of liquidity typically
include cash from operating activities, funding from our long-term
debt obligations and existing cash on hand.  Due to the seasonality
of our business, we typically fund pre-opening operations with
revolving credit borrowings.  Revolving credit borrowings are
typically reduced with our positive cash flow during the seasonal
operating period.  Our primary uses of liquidity typically include
operating expenses, partnership distributions, capital
expenditures, interest payments and income tax obligations.

"Due to the negative effects of the COVID-19 pandemic, we took
steps in 2020 to secure additional liquidity and to obtain relief
from certain financial covenants including issuing $1.3 billion of
senior notes, amending our term debt and revolving credit
agreement, reducing operating expenses, including labor costs,
suspending capital expenditures, and suspending quarterly
partnership distributions.  Due to limited open operations, our
2020 and first quarter 2021 liquidity needs were funded from cash
on hand from the recently issued senior notes.  We began generating
positive cash flows from operations during the second quarter of
2021.  Despite a delayed start and various operating restrictions
in place for the 2021 operating season, our 2021 operating results
exceeded our initial expectations, driven by higher consumer demand
driving both attendance and in-park per capita spending.  As a
result, we subsequently redeemed all of our 2024 senior notes in
December 2021. We expect to fund our 2022 liquidity needs with cash
from operating activities and borrowings from our revolving credit
facility.  As of December 31, 2021, we had cash on hand of $61.1
million and $359.2 million of available borrowings under our
revolving credit facility. Based on this level of liquidity, we
have concluded that we will have sufficient liquidity to satisfy
our obligations and remain in compliance with our debt covenants at
least through the first quarter of 2023.

"As restrictions to mitigate the spread of COVID-19 have largely
been lifted and our properties have mostly been able to resume full
operations, management is focused on driving profitable and
sustainable growth in the business, reducing the Partnership's
outstanding debt, and reinstating the quarterly Partnership
distribution.  We expect to invest between $200 million and $215
million in capital expenditures for the 2022 operating season,
which will include the completion of several resort renovation
projects, and investments to expand our park offerings and develop
new revenue centers, and technology enhancements, such as cashless
parks, touch-free transactions and labor management tools.

"Following the issuance of $1.3 billion of senior notes in 2020 and
the redemption of the 2024 senior notes in December 2021, we
anticipate $150 million in annual cash interest in 2022 of which
75% of the payments occur in the second and fourth quarter.  We are
expecting to receive $79.7 million in tax refunds attributable to
the tax year 2020 net operating loss being carried back to prior
years in the United States and an additional $9.5 million in tax
refunds attributable to net operating losses being carried back to
prior years in Canada.  We anticipate receiving these tax refunds
during 2022.  In 2022, we anticipate cash payments for income taxes
to range from $45 million to $60 million, exclusive of these tax
refunds."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/811532/000081153222000029/fun-20211231.htm

                          About Cedar Fair

Sandusky, Ohio-based Cedar Fair, L.P. -- www.cedarfair.com -- is a
regional amusement park operator with 13 properties in its
portfolio consisting of amusement parks, water parks and
complementary resort facilities.  Cedar Fair is a publicly traded
Delaware limited partnership formed in 1987 and managed by Cedar
Fair Management, Inc., an Ohio corporation, whose shares are held
by an Ohio trust.


CENTRO NGD HOLDINGS: Taps Akerman LLP as Bankruptcy Counsel
-----------------------------------------------------------
Centro NGD Holdings, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Akerman, LLP to
serve as legal counsel in its Chapter 11 case.

The firm's services include:

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

     b. advising the Debtor with respect to all general bankruptcy
matters;

     c. preparing legal papers;

     d. representing the Debtor at all critical hearings on matters
relating to its affairs and interests before the bankruptcy court,
any appellate courts, and the U.S. Supreme Court;

     e. prosecuting and defending litigated matters that may arise
during the Debtor's Chapter 11 case;

     f. negotiating appropriate transactions and preparing any
necessary documentation related thereto;

     g. representing the Debtor on matters relating to the
assumption or rejection of executory contracts and unexpired
leases;

     h. advising the Debtor with respect to general corporate
securities, real estate, litigation, environmental, labor,
regulatory, tax, healthcare, and other legal matters which may
arise during the pendency of the case.

The firm will be paid as follows:

     David W. Parham      Partner     $750 per hour   
     Amy M. Leitch        Partner     $430 per hour   
     Laura Taveras        Associate   $390 per hour   
     Jennifer S. Meehan   Paralegal   $280 per hour   
     Teresa Barrera       Paralegal   $250 per hour   

The firm received a retainer in the amount $25,000.

Catherine Kretzschmar, Esq., a partner at Akerman, disclosed in a
court filing that her firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Catherine D. Kretzschmar, Esq.
     Akerman LLP
     201 East Las Olas Blvd., Suite 1800
     Fort Lauderdale, FL 33301
     Tel: 954-468-2443
     Email: catherine.kertzschmar@akerman.com

                     About Centro NGD Holdings

Centro NGD Holdings, LLC is a Miami-based company engaged in
activities related to real estate.

Centro NGD Holdings filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. 22-10961) on
Feb. 6, 2022, listing as much as $10 million in both assets and
liabilities. Harvey Hernandez, managing member, signed the
petition.

Judge Robert A. Mark oversees the case.

Catherine D. Kretzschmar, Esq., at Akerman, LLP serves as the
Debtor's legal counsel.


CENTURY ALUMINUM: Incurs $167.1 Million Net Loss in 2021
--------------------------------------------------------
Century Aluminum Company filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$167.1 million on $2.21 billion of total net sales for the year
ended Dec. 31, 2021, compared to a net loss of $123.3 million on
$1.61 billion of total net sales for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $1.57 billion in total assets,
$547.4 million in total current liabilities, $601.5 million in
total noncurrent liabilities, and $421 million in total
shareholders' equity.

In the fourth quarter of 2021, shipments of primary aluminum
increased by 2 percent sequentially.  Net sales for the fourth
quarter of 2021 increased by 13 percent sequentially, due to higher
shipment volume and higher aluminum prices.

Century reported net income of $60.4 million for the fourth quarter
of 2021, a $112.8 million improvement sequentially primarily due to
higher shipment volume and higher aluminum prices.  Fourth quarter
results were positively impacted by $43.9 million of exceptional
items, in particular $53.8 million of unrealized gains on forward
derivative contracts (net of tax), partially offset by $9.9 million
in share-based compensation costs.  Thus, Century reported adjusted
net income of $17.2 million for the fourth quarter of 2021, an
$22.9 million improvement sequentially.

Adjusted EBITDA for the fourth quarter of 2021 was $82.2 million,
an increase of $11.9 million from the prior quarter primarily
driven by higher prices of primary aluminum and increased regional
premiums, and higher volumes, partially offset by increased power
prices.

Century's liquidity position at quarter end was $99.5 million.
Quarterly cash flow was impacted by increased capital spend on the
Mt. Holly restart project and changes in working capital.

For the full year 2021, shipments of primary aluminum decreased by
3 percent sequentially.  Net sales for the full year 2021 increased
by $607.4 million sequentially, primarily driven by aluminum prices
and regional premiums, offset by lower volume of shipments.

Full year 2021 results were negatively impacted by $105.0 million
of exceptional items, in particular $106.8 million of unrealized
losses on forward derivative contracts (net of tax), and losses of
$24.7 million related to the refinancing of its senior notes,
partially offset by $49.8 million of tax benefit.  Thus, Century
reported an adjusted net loss of $(62.1) million, a $40.8 million
improvement from the full year 2020.

Adjusted EBITDA for the full year 2021 was $174.2 million, an
increase of $162.5 million compared to the prior year, primarily
driven by higher prices of primary aluminum and increased regional
premiums, partially offset by lower shipment volume and increased
power prices.

"Century had a transformative year in 2021, expanding production at
our Hawesville and Mt. Holly facilities, and breaking ground on our
new billet casthouse in Grundartangi," commented President and
Chief Executive Officer Jesse Gary.  "The investments we made and
hard work our employees accomplished in 2021 leave us in excellent
position to take advantage of the uniformly strong market
conditions that we are experiencing throughout the aluminum
sector."

"We continue to recover well from the cyber attack that we suffered
last week.  Our operations and IT teams have done an excellent job
maintaining production throughout the attack.  While we continue to
rely on manual operations in some areas, our teams are increasingly
returning to normal operations across our locations."

"Aluminum prices have continued to strengthen as we enter 2022,
with demand continuing its strong growth path while supply
conditions, driven by energy shortages throughout the world have
continued to tighten.  As supply deficits have become particularly
acute in our two core markets in the U.S. and Europe, Century is
increasingly becoming the supplier of choice for our value-added
product lines due to our secure, short supply lines to our domestic
customer base."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/949157/000094915722000024/cenx-20211231.htm

                     About Century Aluminum Company

Century Aluminum Company -- http://www.centuryaluminum.com-- is a
global producer of primary aluminum and operates aluminum reduction
facilities, or "smelters," in the United States and Iceland.

Century Aluminum reported a net loss of $80.8 million for the year
ended Dec. 31, 2019, and a net loss of $66.2 million for the year
ended Dec. 31, 2018.  As of Sept. 30, 2021, the Company had $1.49
billion in total assets, $515.5 million in total current
liabilities, $653.5 million in total noncurrent liabilities, and
$320.2 million in total shareholders' equity.


CHARLOTTE EQUITIES: Seeks to Hire Cushner & Associates as Counsel
-----------------------------------------------------------------
Charlotte Equities, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire The Law Office
of Cushner & Associates, P.C. to serve as legal counsel in its
Chapter 11 case.

The firm's services include:

     (a) advising the Debtor concerning the conduct of the
administration of its bankruptcy case;

     (b) preparing all necessary applications and motions as
required under the Bankruptcy Code, Federal Rules of Bankruptcy
Procedure, and Local Bankruptcy Rules;

     (c) preparing a disclosure statement and plan of
reorganization; and

     (d) performing all other legal services that are necessary to
the administration of the case.

The firm's hourly rates are as follows:

     Todd S. Cushner, Esq., Owner/Senior Attorney   $500
     James J. Rufo, Esq., Associate attorney        $350
     Charles A. Higgs, Esq., Of Counsel             $350
     Paralegals                                     $200

Cushner & Associates received $10,217, of which $8,500 was used to
pay attorneys' fees while $1,717 was used to pay the filing fee.

James Rufo, Esq., an associate attorney at Cushner & Associates,
disclosed in court filings that his firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:
   
     Todd S. Cushner, Esq.
     The Law Office of Cushner & Associates, P.C.
     399 Knollwood Road Suite 205
     White Plains, NY 10603
     Telephone: (914) 600-5502
     Facsimile: (914) 600-5544
     Email: todd@Cushnerlegal.com

                     About Charlotte Equities

Charlotte Equities, LLC sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 22-22007) on
Jan. 7, 2022, listing as much as $1 million in both assets and
liabilities. Judge Sean H. Lane oversees the case.

Todd S. Cushner, Esq., at The Law Office of Cushner & Associates,
P.C. serves as the Debtor's legal counsel.


CHF-DOVER LLC: S&P Affirms 'BB-' Rating on 2018A/B Revenue Bonds
----------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative and
affirmed its 'BB-' long-term rating on Kent County, Del.'s series
2018A tax-exempt and 2018B taxable student housing and dining
facility revenue bonds issued on behalf of CHF-Dover LLC, Ala.

"The outlook revision and affirmation reflect our view of a solid
rebound in occupancy for fall 2021, which should ensure that fiscal
2022's budgeted debt service coverage of 1.2x will be achieved,"
said S&P Global Ratings credit analyst James Gallardo. "The outlook
revision also reflects our view of the project's strong connection
with Delaware State University, which provided modest support to
the project in fiscal year 2021, enabling the project to meet the
rate covenant debt service coverage of 1.2x."

Credit factors that could result in a negative rating action during
the outlook period include sustained lower-than-budgeted project
occupancy, weaker operating revenues that pressure debt service
coverage below covenanted levels, or the need to use reserve funds
for debt service.

S&P could consider a positive rating action if the project
continues to record near full occupancy, reserves are built up
significantly, and annual debt service coverage substantially
exceeds the required 1.2x rate covenant requirement.

As of fiscal year-end 2021, $68 million in debt is outstanding.



CITIUS PHARMACEUTICALS: Leonard Mazur Reports 11.76% Equity Stake
-----------------------------------------------------------------
Leonard L. Mazur disclosed in a Schedule 13D/A filed with the
Securities and Exchange Commission that he is the beneficial owner
of an aggregate of 18,092,136 shares of Citius Pharmaceuticals,
Inc.'s common stock, which represent approximately 11.76% of the
issuer's outstanding common stock, based upon 146,029,630 shares of
common stock outstanding as of Nov. 30, 2021, as reported by the
issuer in its Schedule 14A.  Mr. Mazur has sole voting and
dispositive power of 18,092,136 shares of the issuer's common stock
beneficially owned.

Mr. Mazur's beneficial ownership consists of (i) 10,255,343 shares
of the issuer's common stock, (ii) 7,243,460 shares of the issuer's
common stock issuable upon the exercise of warrants, and (iii)
593,333 shares of the issuer's common stock subject to options held
by the reporting person that are exercisable within 60 days of Nov.
30, 2021.

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

https://www.sec.gov/Archives/edgar/data/1463414/000121390022008488/ea155933-13da1mazur_citius.htm

                          About Citius

Headquartered in Cranford, NJ, Citius Pharmaceuticals, Inc. --
http://www.citiuspharma.com-- is a specialty pharmaceutical
company dedicated to the development and commercialization of
critical care products targeting unmet needs with a focus on
anti-infectives, cancer care and unique prescription products.

Citius reported a net loss of $23.05 million for the year ended
Sept. 30, 2021, a net loss of $17.55 million for the year ended
Sept. 30, 2020, a net loss of $15.56 million for the year ended
Sept. 30, 2019, a net loss of $12.54 million for the year ended
Sept. 30, 2018, and a net loss of $10.38 million for the year ended
Sept. 30, 2017.  As of Sept. 30, 2021, the Company had $142.43
million in total assets, $9.65 million in total liabilities, and
$132.78 million total equity.


CITIUS PHARMACEUTICALS: Myron Holubiak Lowers Equity Stake to 2.61%
-------------------------------------------------------------------
Myron Z. Holubiak disclosed in a Schedule 13D/A filed with the
Securities and Exchange Commission on Feb. 18, 2022, that he is the
beneficial owner of an aggregate of 3,864,604 shares of Citius
Pharmaceuticals, Inc.'s common stock, which represents
approximately 2.61% of the issuer's outstanding common stock, based
upon 146,029,630 shares of common stock outstanding as of Nov. 30,
2021, as reported by the issuer in its Schedule 14A.

Mr. Holubiak's beneficial ownership consists of (i) 1,992,243
shares of the issuer's common stock, (ii) 1,472,361 shares of the
issuer's common stock issuable upon the exercises of warrants, and
(iii) 400,000 shares of the issuer's common stock subject to
options held by the reporting person that are exercisable within 60
days of Nov. 30, 2021.

The reporting person has purchased from the issuer warrants to
purchase up to an aggregate of 1,472,361 shares of the issuer's
common stock at varying exercise prices, with a weighted average
price of $1.03 per share.  All of the warrants are currently
exercisable, but some expire on each of Aug. 14, 2023, April 5,
2024, and Sept. 27, 2024.

Mr. Holubiak ceased to be the beneficial owner of more than 5% of
the issuer's common stock on Feb. 19, 2021.

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

https://www.sec.gov/Archives/edgar/data/1199080/000121390022008485/ea155932-13da1holubiak_citi.htm

                           About Citius

Headquartered in Cranford, NJ, Citius Pharmaceuticals, Inc. --
http://www.citiuspharma.com-- is a specialty pharmaceutical
company dedicated to the development and commercialization of
critical care products targeting unmet needs with a focus on
anti-infectives, cancer care and unique prescription products.

Citius reported a net loss of $23.05 million for the year ended
Sept. 30, 2021, a net loss of $17.55 million for the year ended
Sept. 30, 2020, a net loss of $15.56 million for the year ended
Sept. 30, 2019, a net loss of $12.54 million for the year ended
Sept. 30, 2018, and a net loss of $10.38 million for the year ended
Sept. 30, 2017.  As of Sept. 30, 2021, the Company had $142.43
million in total assets, $9.65 million in total liabilities, and
$132.78 million total equity.


CITY CHURCH: $5.5MM Sale of Huntersville Property to Bi-Part Okayed
-------------------------------------------------------------------
Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western
District of North Carolina authorized City Church's private sale of
the real property located at 1994 University City Church Drive, in
Huntersville, North Carolina 28078; Lots 1, 2, 3; Book No. 30688,
Page 233 Mecklenburg County, to Bi-Part Development, LLC, for $5.5
million, pursuant to the terms of the Agreement, as modified at the
hearing.

The sale will result in a transfer of the Property free and clear
of all liens, claims, encumbrances, and other interests; all such
liens, claims, encumbrances and other interests will attach to the
proceeds of the Sale.

The request in the Motion that the proceeds from the Sale be
applied to satisfy administrative expenses in this proceeding,
including, but not limited to, 506(c) expenses and the fees and
expenses of the Debtor's bankruptcy counsel, is denied.

The request in the Motion for exculpatory or injunctive relief is
denied.

Nothing in the Order will be construed to approve or deny the
application to employ the Knox Group and/or any commission amount
that may be due to the Knox Group in connection with the sale.  

                         About City Church

City Church owns a church facility located at 11901 Sam Furr Road,
Huntersville, N.C., having a comparable sale value of $8.6
million.


City Church filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 21-30161) on
March 27, 2021.  Michael A. Stevens, Sr., senior pastor, signed
the
petition.  At the time of the filing, the Debtor disclosed
$8,654,616 in assets and $6,953,375 in liabilities.  Judge Laura
T.
Beyer presides over the case.  Robert Lewis, Jr., Esq. at The
Lewis
Law Firm, P.A., serves as the Debtor's legal counsel.



COLE CAMP: Stipulation on Cash Collateral Access OK'd
-----------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Missouri has
approved the the Stipulation for Use of Cash Collateral and
Adequate Protection filed by Cole Camp Auto Parts, LLC and
Citizens-Farmers Bank.

The parties agree that the Debtor granted CFB a lien in certain
assets to secure all present or future indebtedness to CFB pursuant
to two Promissory Notes and Security Agreement.

CFB perfected its interest in and to the CFB Collateral by filing a
UCC-1 financing statement with the Missouri Secretary of State. The
Debtor is not in default under the Loan Documents. As of January
12, 2022, the Debtor owed CFB under the Notes and relevant Loan
Documents, as follows:

     Note #1: the amount of $33,393; and
     Note #2: $99,977,

both bearing interest at 4.5% per annum.

In the operation, management and maintenance of the Debtor's
business, the Debtor submits it must use the Post-Petition
Revenues, which constitute cash collateral, to adequately operate
and maintain the Collateral.

The Debtor proposed to grant to CFB with respect to all obligations
and indebtedness arising under the Debtor's use of Post-Petition
Revenues, a superpriority administrative expense claim pursuant to
Section 507(b) of the Bankruptcy Code, with priority over any and
all administrative expenses of the kind specified in Sections
503(b) and 507(a) of the Bankruptcy Code, and securing such
obligations and indebtedness with a first-priority senior security
interest in and lien upon all the collateral.

The Debtor also grants CFB replacement liens and valid, perfected
and enforceable post-petition security interest in and lien upon
all inventory, equipment, furniture and fixtures and proceeds
therefrom of the estate.

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

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

                    About Cole Camp Auto Parts

Cole Camp Auto Parts, LLC owns and operates two NAPA parts stores,
one in Cole Camp, Missouri, and one in Windsor, Missouri. Cole Camp
filed a Chapter 11 bankruptcy petition (Bankr. W.D. Mo. Case No.
22-20011) on Jan. 12, 2022, disclosing as much as $1 million in
both assets and liabilities.  

Judge Dennis R. Dow oversees the case.  

The Debtor is represented by Erlene W. Krigel, Esq., at Krigel &
Krigel, P.C.



CPE FEEDS: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: CPE Feeds, Inc.
        2102 Lubbock Road
        Brownfield, Texas 79424

Business Description: CPE Feeds, Inc. is a privately held
                      company in the animal food manufacturing
                      business.

Chapter 11 Petition Date: March 1, 2022

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 22-50022

Debtor's Counsel: Ryan C. Gentry, Esq.
                  MCGOWAN & MCGOWAN, PC
                  119 South 6th Street
                  Brownfield, TX 79424
                  Tel: (806) 637-7585
                  Email: Ryan@McGownPC.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by R. Lan Skains as president.

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

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

https://www.pacermonitor.com/view/NXQ3Q4I/CPE_FEEDS_Inc__txnbke-22-50022__0001.0.pdf?mcid=tGE4TAMA


CRAIG A. POPE: $500K Sale of 21 Whitewater Vacant Lots Approved
---------------------------------------------------------------
Judge G. Michael Halfenger of the U.S. Bankruptcy Court for the
Western District of Wisconsin authorized Craig A. Pope and Cathleen
A. Pope to sell their 21 vacant lots located in Mound Meadow
Subdivision, Whitewater, Walworth County, Wisconsin, Parcel Nos.
MM00001 through MM0002, to Mark Larkin for $500,000 pursuant to the
Offer to Purchase dated Jan. 18, 2022.

The sale is free and clear of all liens and encumbrances, with all
liens and encumbrances attached to the sale proceeds.

The Debtors are authorized to pay all usual and customary closing
costs, including but not limited to, title insurance, transfer
fees, proration of real estate taxes and recording fees figured
through the date of closing.

The Walworth County Treasurer will likewise be paid for real estate
taxes owed on the Property from 2015 through 2021 in the
approximate amount of $182,000.

The Debtors must transfer all sale proceeds, net of closing costs
and real estate taxes owed to the Walworth County Treasurer, to the
subchapter V trustee, Jan Pierce, to hold in escrow.  The Trustee
may not distribute the proceeds except as subsequently ordered by
the Court.   

Craig A. Pope and Cathleen A. Pope sought Chapter 11 protection
(Bankr. W.D. Wisc. Case No. 20-22889) on April 16, 2020.  The
Debtors tapped Kristin J. Sederholm, Esq., at Krekeler Strother,
S.C., as counsel.



CRECHALE PROPERTIES: $1.7MM Sale of Anne St. Apartments Withdrawn
-----------------------------------------------------------------
Judge Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi withdrew without prejudice
Crechale Properties, LLC's sale of the real property known as the
Anne St. Apartments, more particularly described as Lots 15, 16,
17, 18, 19, 20, 21, 22 & 23 Magnolia Heights S/D 1 Anne St
Hattiesburg, Lamar County, Mississippi 39402-8173, to Blue Summit
Capital, LLC, for $1.7 million, free and clear of all liens,
claims, encumbrances and other interests.

                      About Crechale Properties

Crechale Properties, LLC is a Hattiesburg, Miss.-based company
engaged in the operation of apartment buildings.

Crechale Properties filed its voluntary petition for Chapter 11
protection (Bankr. S.D. Miss. Case No. 21-50079) on Jan. 21, 2021,
listing up to $10 million in assets and up to $50 million in
liabilities.  Elizabeth Crechale, manager of Crechale Properties,
signed the petition.

Judge Katharine M. Samson presides over the case.

W. Jarrett Little, Esq., at Lentz & Little, PA serves as the
Debtor's legal counsel.



CRECHALE PROPERTIES: $99.5K Sale of Hattiesburg Property Approved
-----------------------------------------------------------------
Judge Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi confirmed Crechale Properties,
LLC's sale of the real property located at 305 Lakewood Loop, in
Hattiesburg, Mississippi, to ColemanFam Investments, LLC, for
$99,500, pursuant to the settlement statement and Warranty Deed.

The is free and clear of all interests, liens and encumbrances, and
that any and all interest, liens and encumbrances attached to said
property are extinguished.

                      About Crechale Properties

Crechale Properties, LLC is a Hattiesburg, Miss.-based company
engaged in the operation of apartment buildings.

Crechale Properties filed its voluntary petition for Chapter 11
protection (Bankr. S.D. Miss. Case No. 21-50079) on Jan. 21, 2021,
listing up to $10 million in assets and up to $50 million in
liabilities.  Elizabeth Crechale, manager of Crechale Properties,
signed the petition.

Judge Katharine M. Samson presides over the case.

W. Jarrett Little, Esq., at Lentz & Little, PA serves as the
Debtor's legal counsel.



CYPRESS CREEK: $330K Sale of Humble Property to A & K Approved
--------------------------------------------------------------
Judge Christopher M. Lopez of the U.S. Bankruptcy Court for the
Southern District of Texas authorized Cypress Creek Emergency
Medical Services Association's sale of the real property located at
3308 Treaschwig Road, in Humble, Texas, to A & K Property Holdings,
LLC, for $330,000.

The sale is free and clear of liens, claims, interests, and
encumbrances.

The terms and conditions of the Order are immediately effective and
enforceable upon its entry.

                        About Cypress Creek

Cypress Creek Emergency Medical Services Association is an
emergency medical service provider based in Spring, Texas.

Cypress Creek filed a petition for Chapter 11 protection (Bankr.
S.D. Texas Case No. 21-33733) on Nov. 18, 2021, listing as much as
$10 million in both assets and liabilities.  Wren Nealy, Jr.,
chief
executive officer, signed the petition.

Judge Christopher M. Lopez oversees the case.

The Debtor tapped Annie Catmull, Esq., at O'Connorwesler, PLLC as
legal counsel; J. Patrick Magill of Magill, PC as chief
restructuring officer; and CBRE Inc. as real estate advisor.



DIAMOND SPORTS: S&P Assigns Prelim 'B' Rating on $635MM Term Loan
-----------------------------------------------------------------
S&P Global Ratings assigned its preliminary 'B' issue-level rating
and '1' recovery rating to Diamond Sports Group LLC's (DSG)
proposed $635 million first-priority term loan maturing in 2026.
The '1' recovery rating indicates our expectation for very high
(90%-100%; rounded estimate: 95%) recovery for lenders in the event
of a payment default. The company plans to use the proceeds from
the new term loan largely for general corporate purposes and to
redeem its $31 million 12.75% senior secured notes due 2026. S&P
will assign final ratings to the proposed first-priority term loan
following the completion of DSG's proposed exchange offer and our
final documentary review.

The company has launched an offer to exchange its existing senior
secured first-lien debt (revolving credit facility, term loan, and
notes) for new senior secured second-lien debt. The debt held by
lenders that do not participate in the exchange will rank third in
priority on the shared collateral. S&P said, "Our current 'CC'
issuer credit rating on DSG reflects that we consider the proposed
exchange to be tantamount to a default because the existing secured
debt will have a more junior rank. Upon the completion of the
exchange offer, we expect to lower our issuer credit rating on DSG
to 'SD' (selective default) and our issue-level rating on the debt
subject to the exchange offer to 'D'. Our issue-level ratings on
the company's debt not subject to the exchange will remain
unchanged."

S&P said, "If the proposed transactions are completed, we expect to
raise our issuer credit rating on DSG to 'CCC+'. Our preliminary
'B' issue-level rating on the proposed first-priority term loan is
notched off this expectation. While the proposed new
financing--along with the proposed management fee deferrals--would
enhance the company's liquidity profile, we believe they will not
solve its long-term capital structure issues because we expect its
leverage to remain elevated at well above 10x over the next few
years. In addition, we project its free operating cash flow would
remain negative due to declines in its linear distribution revenue,
rising sports programming costs, and the anticipated investments in
its planned streaming service. Therefore, we believe DSG will
remain dependent upon favorable business, financial, and economic
conditions to meet its financial commitments. If the proposed
transactions are completed, we expect to revise our recovery rating
on the company's existing secured debt to '4' from '3' because the
new first-priority debt would reduce the collateral value available
to the existing lenders."



DJ'S TOWING: Wins Final OK on Cash Collateral Access
----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
West Palm Beach Division, has authorized DJ's Towing & Transport
LLC to use cash collateral on a final basis.

The Court ruled that the Debtor is allowed full use of cash in the
ordinary course of its business affairs in accordance with 11
U.S.C. 363(c)(1) and under the terms of the agreement expressed in
the Debtor's Motion for Agreed Interim Order (I) Authorizing the
Debtor to Continue Operating Under Factoring Agreement Supplanting
Its Existing Prepetition Factoring Agreement with Advance Business
Capital LLC d/b/a Triumph Business Capital and Authorizing It to
Continue to Sell Accounts Post-Petition and Incur Credit;(II)
Granting Adequate Protection in the Form of Replacement Liens on
Property of the Debtor's Estate Pursuant to Bankruptcy Code
Sections 361, 362, 363, AND 364; (III) Modifying the Automatic
Stay; and (IV) Granting All Such Further Relief As Is Just and
Proper Effective As of Filing Date.

On April 19, 2008, Triumph and DJS entered into an Agreement which
entitled Triumph to, among other things, purchase DJS accounts
arising from DJ's provision of goods and/or services to its
customers.

The parties sought to have their 2018 Factoring Agreement continue
their factoring relationship on a post-petition basis, whereby the
Debtor may offer to sell and Triumph is given an option to purchase
accounts.

Prior to the Petition Date, in exchange for purchasing the Debtor's
Purchased Accounts, Triumph made Purchase Price advances and
overadvances to the Debtor pursuant to and in accordance with the
Agreement, and has a fully secured prepetition claim in the
aggregate amount of $4,000 as of December 15, 2021, which amount
excludes fees and costs of whatever kind or nature.

Triumph duly perfected its first priority ownership interest in the
Purchased Accounts, as well as its first priority security interest
in the Collateral, including non-purchased accounts by filing a
UCC-1 Financing Statement with the State of Florida dated February
3, 2015 which was assigned File No. 201503033277.

As adequate protection for the Debtor's use of cash collateral,
Triumph will have a valid, binding, enforceable and perfected first
and senior security interest and liens in all of the Debtor's
assets acquired or arising on or after the commencement of the
Bankruptcy Case. To the extent any other prepetition secured
creditor of the Debtor, holds a valid, enforceable, unavoidable,
duly perfected prepetition claim secured by any portion of the
Debtor's prepetition assets, as adequate protection, each will
receive a post-petition replacement lien on the Debtor's
post-petition assets subordinate to and inferior in priority to the
senior replacement liens.

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

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

                 About DJ's Towing & Transport LLC

DJ's Towing & Transport LLC is a trucking and logistics company.
DJ's sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. Case No. 21-21882) on December 21, 2021. In the
petition signed by Rodin Bodhu, managing member, the Debtor
disclosed up to $10 million in assets and up to $500,000 in
liabilities.

Judge Erik P. Kimball oversees the case.

Julianne Frank, Atty at Law, is the Debtor's counsel.



DOCTOR DREDGE: Wins Cash Collateral Access
------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Jacksonville Division, has authorized Doctor Dredge, LLC to use
cash collateral on an interim basis in accordance with the budget.


The Debtor requires the use of cash collateral to continue
operating its business and pay salaries.

As of the Petition Date, the Debtor owed Centennial Bank $721,819.
The Debtor's obligation is evidenced by a Promissory Note, Security
Agreement, Financing Statement, and Assignment of Leases and Rents
executed on or about May 25, 2018, pursuant to which the lender
provided funds to the Debtor.

As adequate protection for the Debtor's use of cash collateral, the
lender is granted a replacement lien to the same nature, priority,
and extent that the lender may have had immediately prior to the
date that this case was commenced nunc pro tunc to the Petition
Date. Further, the lender is granted a replacement lien and
security interest on property of the bankruptcy estate to the same
extent and priority as that which existed pre-petition on all of
the cash accounts, accounts receivable and other assets and
property acquired by the Debtor's estate or by the Debtor on or
after the Petition. The replacement lien in the Post-Petition
Collateral will be deemed effective, valid and perfected as of the
Petition Date, without the necessity of filing with any entity of
any documents or instruments otherwise required to be filed under
applicable non-bankruptcy law.

The Debtor is also ordered to pay $1,316 per month to Centennial
Bank commencing March 1, 2022.

The Debtor will also by March 31 file with the Court and circulate
to interested parties a revised budget for the cash collateral
lender and trustee to examine. Such budget will set forth as
projections the Debtor's estimated income and expenses for a
six-month period from the date of filing, i.e. April 2022 to
September 2022. The budget will include the Subchapter V Trustee
fees of $1,000 per month as required and may be incorporated into
the proposed Plan of Reorganization filed by the Debtor.

The Debtor's authority to use the Cash Collateral will terminate
immediately and upon the earlier of (a) a Court order; (b) the
conversion of the Debtor's case to a Chapter 7 case or the
appointment of a Chapter 11 trustee without the lender's consent;
(c) the entry of an Order that alters the validity or priority of
the replacement liens granted to the Bank; (d) the Debtor ceasing
to operate all or substantially all of its business; (e) the entry
of an order granting relief from the automatic stay that allows any
entity to proceed against any material assets of the Debtor that
constitute cash collateral; (f) the entry of an Order authorizing a
security interest under section 364(c) or 364(d) of the Bankruptcy
Code in the collateral to secure any credit obtained or debt
incurred that would be senior to or equal to the replacement lien;
or (g) the dismissal of the Chapter 11 case.

A continued cash collateral hearing is scheduled for April 11 at 11
a.m.

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

The Debtor projects $35,000 in total sales revenue and $5,060 in
total operating expenses.

                        About Doctor Dredge

Doctor Dredge, LLC specializes in underwater excavation projects
throughout the Southeastern United States, covering the states of
Alabama, Georgia and Florida. Founded in 2006, the Company provides
both mechanical and hydraulic dredging services.

Doctor Dredge filed its voluntary petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
22-00192) on Jan. 31, 2022, listing $217,557 in assets and
$1,640,512 in liabilities.  Phillip G. Wilson, managing member,
signed the petition.

Judge Jacob A. Brown presides over the case.

Bryan K. Mickler, Esq., at the Law Offices of Mickler & Mickler,
LLP represents the Debtor as legal counsel.


DRALA MOUNTAIN: Case Summary & 13 Unsecured Creditors
-----------------------------------------------------
Debtor: Drala Mountain Center
          f/k/a Shambhala Mountain Center
        4921 County Road 68-C
        Red Feather Lakes, CO 80545

Business Description: Drala Mountain Center is a Colorado 501(c)
                      (3) nonprofit corporation that operates a
                      Buddhist meditation and retreat center.

Chapter 11 Petition Date: February 28, 2022

Court: United States Bankruptcy Court
       District of Colorado

Case No.: 22-10656

Judge: Hon. Joseph G. Rosania Jr.

Debtor's Counsel: James T. Markus, Esq.
                  MARKUS WILLIAMS YOUNG & HUNSICKER LLC
                  1755 Sherman Street, Suite 1950
                  Denver, CO 80203
                  Tel: (303) 866-0102
                  Email: jmarkus@rmarkuswilliams.com
           
                     - and -

                  James M. Wilton, Esq.
                  Patricia I. Chen, Esq.
                  ROPES & GRAY LLP
                  Prudential Tower, 800 Boylston Street
                  Boston, MA 02199-3600
                  Email: james.wilton@ropesgray.com
                         patricia.chen@ropesgray.com

Debtor's
Financial
Advisor:          CORDES & COMPANY
         
Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Gayner as executive director.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 13 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/OQO6UPY/Drala_Mountain_Center__cobke-22-10656__0001.0.pdf?mcid=tGE4TAMA


DRALA MOUNTAIN: Seeks Access to Cash Collateral
-----------------------------------------------
Drala Mountain Center (f/k/a Shambhala Mountain Center) asks the
U.S. Bankruptcy Court for the District of Colorado for authority to
use cash collateral and provide adequate protection to the Debtor's
secured lender, RH Fund XXII, LLC, a distressed debt fund managed
by Red Hills Holdings, LLC.

The Debtor requires immediate use of its cash collateral to
maintain operations, continue its nonprofit mission, and provide
educational and charitable programs for its communities.

The Debtor believes that, as of the Petition Date, its deposit
accounts are unencumbered. The Debtor maintains active deposit
accounts at the First National Bank of Omaha and Independent Bank
and an active securities account at Fidelity. There are no account
control agreements in place over any of the Debtor's deposit or
securities accounts.  Accordingly, any security interest of Red
Hills, the Debtor's only secured lender, in the Debtor's deposit
accounts is unperfected as of the Petition Date. Although Red Hills
has a security interest in accounts receivable, a significant
percentage of the Debtor's receipts are not proceeds of accounts
receivable because they are (i) cash payments for goods and
services or (ii) restricted or unrestricted donations. In addition,
to the extent that funds from accounts receivables are commingled
with unencumbered funds in the Debtor's collection accounts before
being transferred to disbursement or donation accounts, such funds
are no longer identifiable cash proceeds of Red Hills' collateral.


From March 2020 to July 2021, the global COVID-19 pandemic forced
DMC to close its facilities to the public, resulting in a
significant loss of revenues from lodging and onsite programs.
During the COVID-19 shut-down, DMC sought alternative ways to
continue its nonprofit mission; among other pursuits, DMC began
offering online programs via Zoom. In August 2020, the devastating
Cameron Peak wildfire swept through DMC's land, requiring DMC's
residential staff to evacuate to safety, destroying many buildings
and tent platforms (but sparing the Great Stupa), and damaging
water, sewer, and electrical systems. Following the Cameron Peak
wildfire, DMC's donors contributed more than $600,000 to rebuild
and repair the fire-damaged property.  

In July 2021, DMC re-opened its facilities on a limited basis under
COVID-19 guidelines developed in consultation with an
epidemiologist and federal, state, and local recommendations. Since
re-opening, DMC has held in-person programs that have been
oversubscribed and welcomed more than 1,300 overnight guests, 600
online participants, and thousands of day visitors.

In 2005, DMC financed building development through a combination of
economic development revenue bonds and secured loans from Wells
Fargo Bank, N.A. In 2015, DMC consolidated its outstanding funded
debt into a single secured loan from Wells Fargo in the original
principal amount of $4,150,000. The Wells Fargo Loan is secured on
a first lien basis by certain personal and real property of DMC.
The terms of the Wells Fargo Loan were amended multiple times,
including to ext end the maturity date to November 30, 2019. In
2019, Wells Fargo notified DMC that it would not continue to extend
the maturity of the Wells Fargo Loan. However, through a series of
forbearance agreements, Wells Fargo agreed to forbear from
exercising legal remedies through October 31, 2021 in exchange for
DMC's agreement to make monthly interest payments of $5,000.

During this forbearance period, DMC understands that Wells Fargo
commissioned an appraisal of DMC's principal real estate, dated
December 10, 2020, that determined the value of the property to be
$7,700,000, far in excess of the outstanding principal balance for
the Wells Fargo Loan.

In May 2021, Wells Fargo sold the Wells Fargo Loan to Red Hills, a
distressed debt fund managed by Red Hills Holdings, LLC. Red Hills
does not have account control agreements over DMC's deposit
accounts or securities accounts. On November 1, 2021, DMC and Red
Hills entered into a new forbearance agreement, which (i) extended
the forbearance period for the Wells Fargo Loan to February 28,
2022, (ii) required DMC to make a one-time forbearance payment of
$25,000 to be applied to accrued interest, and (iii) provided for
continued $5,000 monthly interest payments by DMC. Under the terms
of the Red Hills Forbearance Agreement, interest accrues at a
non-default rate of 6.25%. Monthly interest, if paid in full, would
total approximately $21,000 each month.

During the forbearance period, DMC made significant efforts towards
raising funds from donors to pay down the Wells Fargo Loan. On
February 4, 2022, the Pema Chodron Foundation committed to donate
$500,000 to DMC, conditioned on (i) DMC's receipt of matching
donations totaling $500,000, (ii) DMC's commitment to launch a
fundraising campaign during 2022 with a target goal of an
additional $500,000 in donations, and (iii) either a refinancing or
restructuring of the Wells Fargo Loan on terms satisfactory to the
foundation. In February 2022, DMC obtained commitments for $220,000
in matching donations. Of this amount, $210,000 is currently held
in escrow pending the successful completion of this Subchapter V
case. To satisfy the contingencies for the Pema Chodron Foundation
Donation, DMC is continuing to raise matching donations and plans
to launch a fundraising campaign for an additional $500,000 during
the summer of 2022.

Despite good faith efforts, DMC and Red Hills were unable to agree
on terms for a restructured Wells Fargo Loan. DMC filed the
Subchapter V case to preserve its nonprofit mission and to
restructure the Wells Fargo Loan through a Subchapter V plan of
reorganization.

To the extent, if any, that the Debtor's cash constitute cash
collateral, Red Hills is adequately protected by its equity cushion
in the Debtor's real estate and FF&E. As of the Petition Date, the
outstanding amount of principal, accrued interest, and deferred
fees owing in respect of Red Hills' loan was approximately
$4,269,922. An independent appraisal commissioned by DMC determined
that the estimated market value of DMC's real property and
furniture, fixtures and equipment was $7,000,000, as of October 2,
2021. Based on this appraisal, Red Hills enjoys a substantial
equity cushion in its prepetition collateral. As additional
adequate protection, the Debtor proposes (i) to grant Red Hills
replacement liens on post-petition accounts receivable, and (ii) to
make monthly interest payments of $5,000 to Red Hills during the
pendency of the Subchapter V case.

A copy of the motion is available at https://bit.ly/36Gls9e from
PacerMonitor.com.

                    About Drala Mountain Center

Drala Mountain Center (f/k/a Shambhala Mountain Center) was
established in in 1971 by Tibetan Buddhist meditation teacher
Chogyam Trungpa Rinpoche. It is a Colorado 501(c)(3) nonprofit
corporation that operates one of the oldest Buddhist meditation and
retreat centers in the U.S. Formerly known as Shambhala Mountain
Center, DMC changed its name in February 2022 to Drala Mountain
Center. Its nonprofit mission is to bring people together to
experience wisdom and to serve as a catalyst in creating an
enlightened society, grounded in wisdom and kindness towards
individuals, the community, and the natural environment.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 22-10656-JGR on February
28, 2022. In the petition signed by Michael Gayner, executive
director, the debtor disclosed up to $10 million in both assets and
liabilities.

James T. Markus, Esq., at Markus Williams Young and Hunsicker LLC
and James M. Wilton, Esq., at Ropes and Gray LLP represent the
Debtor as counsel.



EKSO BIONICS: Incurs $9.8 Million Net Loss in 2021
--------------------------------------------------
Ekso Bionics Holdings, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$9.76 million on $11.25 million of revenue for the year ended Dec.
31, 2021, compared to a net loss of $15.83 million on $8.88 million
of revenue for the year ended Dec. 31, 2020.

Full-year 2021 revenue includes approximately $9.8 million in
EksoHealth revenue and $1.5 million in EksoWorks revenue.  The
year-over-year increase in revenue was the result of higher volume
of device sales driven by business conditions normalizing from the
impact of the COVID-19 pandemic.

As of Dec. 31, 2021, the Company had $49.17 million in total
assets, $11.95 million in total liabilities, and $37.22 million in
total stockholders' equity.

As of Dec. 31, 2021, the Company had working capital of $40.9
million, compared to working capital of $13.4 million as of Dec.
31, 2020.  The increase in working capital is primarily due to
higher cash balance from equity financings, warrants exercises, and
the reduction of notes payable, current as a result of retiring its
WAB Term Loan.  The Company's cash as of Dec. 31, 2021 consisted of
bank deposits with third party financial institutions.  As of Dec.
31, 2021, of its $40.4 million of cash, $40.2 million was held
domestically while $0.2 million was held by its foreign
subsidiaries.

As of Dec. 31, 2021, the Company had an accumulated deficit of
$208.9 million and cash on hand of $40.4 million.  Largely as a
result of significant research and development activities related
to the Company's advanced technology and commercialization of such
technology into its medical device business, the Company has
incurred significant operating losses and negative cash flows from
operations since inception.  In the year ended Dec. 31, 2021, the
Company used $11.2 million of cash in its operations.

Gross profit for the full year ended Dec. 31, 2021 was
approximately $6.7 million, representing a gross margin of
approximately 60%, compared to gross profit of $5.1 million for the
same period in 2020, representing a gross margin of 57%.  The
increase in gross margin was primarily due to improved EksoWorks
margins, driven by lower production costs of EVO compared to the
previous generation vest, and the reduction of collaborative
arrangements in overall revenue composition.

Sales and marketing expenses for the full year ended Dec. 31, 2021
were $7.3 million, compared to $7.8 million for the same period in
2020, a decrease of $0.5 million.  The decrease in expenses for the
full year was primarily due to cost reduction initiatives the
Company implemented in the spring of 2020.

Research and development expenses for the full year ended Dec. 31,
2021 were $2.7 million, compared to $2.5 million in the same period
in 2020, primarily due to increased employee discretionary
compensation costs.

General and administrative expenses for the full year ended Dec.
31, 2021 were $10.5 million, compared to $7.7 million in the same
period in 2020, primarily due to an increase in business
development costs and increased employee compensation from higher
headcount.

Gain on warrant liabilities for the full year ended Dec. 31, 2021
was $4.0 million associated with the revaluation of warrants issued
in 2019, 2020 and 2021, compared to a loss of $3.1 million
associated with the revaluation of warrants issued in 2015, 2019
and 2020 for the same period in 2020.

Cash on hand at Dec. 31, 2021 was $40.4 million, compared to $12.9
million at Dec. 31, 2020.  For the full year ended Dec. 31, 2021,
the Company used $11.2 million of cash in operations, compared to
$8.8 million for the same period in 2020.

                   Fourth Quarter 2021 Financial Results

Revenue was $4.1 million for the quarter ended Dec. 31, 2021,
compared to $2.3 million for the same period in 2020.  Revenue in
the fourth quarter of 2021 included approximately $3.4 million in
EksoHealth revenue and approximately $0.6 million in EksoWorks
revenue.  The Company booked a total of 30 EksoNR units in the
fourth quarter of 2021, including 10 subscription units.

Gross profit for the quarter ended Dec. 31, 2021 was $2.4 million,
compared to $1.4 million in the same period in 2020, representing a
gross margin of approximately 59% in the fourth quarter of 2021,
compared to a gross margin for the same period in 2020 of 60%.  The
slight decline in gross margin is primarily due to a slight
increase in manufacturing costs.

Sales and marketing expenses for the quarter ended Dec. 31, 2021
were $2.0 million, compared to $1.8 million for the same period in
2020.  The increase was primarily due to increased employee
compensation from higher sales.

Research and development expenses for the quarter ended Dec. 31,
2021 were $0.8 million, compared to $0.7 million for the same
period in 2020, an increase of $0.1 million.  The increase was
primarily due to higher product development activity expenses.

General and administrative expenses for the quarter ended Dec. 31,
2021 were $4.1 million, compared to $1.9 million for the same
period in 2020, an increase of $2.2 million.  The increase was
primarily due to an increase in business development costs and
increased employee compensation from higher headcount.

Gain on warrant liabilities for the quarter ended Dec. 31, 2021 was
$2.0 million due to the revaluation of warrants issued in 2019,
2020 and 2021, compared to a $1.5 million loss associated with the
revaluation of warrants issued in 2015, 2019 and 2020 for the same
period in 2020.

Net loss applicable to common stockholders for the quarter ended
Dec. 31, 2021 was $2.9 million, or $0.23 per basic and diluted
share, compared to net loss of $4.0 million, or $0.48 per basic and
diluted share, for the same period in 2020.

"As a company that is elevating the care of neurorehabilitation,
Ekso Bionics is bringing innovative solutions to patients and
workers," said Steven Sherman, chairman and chief executive officer
of Ekso Bionics.  "We had a strong fourth quarter that reflects
solid execution across our medical and industrial segments.  We
secured several multi-unit orders for our EksoNR exoskeleton
devices from network operators globally, and market awareness of
EVO continues to grow.  Ekso's professional leadership team is
focused on building momentum throughout our sales channels and
driving strategic initiatives to enhance shareholder value."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1549084/000154908422000006/ekso-20211231.htm

                        About Ekso Bionics

Ekso Bionics -- http://www.eksobionics.com-- is a developer of
exoskeleton solutions that amplify human potential by supporting or
enhancing strength, endurance and mobility across medical and
industrial applications.  Founded in 2005, the Company continues to
build upon its expertise to design some of the most cutting-edge,
innovative wearable robots available on the market.  The Company is
headquartered in the Bay Area and is listed on the Nasdaq
CapitalMarket under the symbol EKSO.

Ekso Bionics reported a net loss of $12.13 million for the year
ended Dec. 31, 2019, and a net loss of $26.99 million for the year
ended Dec. 31, 2018.  As of Sept. 30, 2021, the Company had $50.73
million in total assets, $11.67 million in total liabilities, and
$39.06 million in total stockholders' equity.


EMPACADORA Y PROCESADORA: Seeks Approval to Hire Financial Advisor
------------------------------------------------------------------
Empacadora Y Procesadora Del Sur, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire CPA Luis
R. Carrasquillo & Co., P.S.C. as its financial advisor.

The firm will assist the Debtor in the restructuring of its affairs
by providing advice on strategic planning and the preparation of
the Debtor's plan of reorganization, and by participating in
negotiations with creditors.

The hourly rates charged by the firm for its services are as
follows:

     CPA Luis R. Carrasquillo       $185
     CPA Marcelo Gutierrez          $135
     CPA Arnaldo Morales Rivera     $95
     CPA Zoraida Delgado Díaz       $85
     CPA David Sanchez Diaz         $60
     Carmen Callejas Echevarría     $90
     Enid M Olmeda                  $45
     Rosalie Hernández Burgos       $35
     Kelsie Lopez, Esq.             $45

The firm received a $22,000 retainer.

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

The firm can be reached through:

     Luis R. Carrasquillo Ruiz
     CPA Luis R. Carrasquillo & Co., P.S.C.
     28th Street, # TI-26
     Turabo Gardens Ave.
     Caguas, PR 00725
     Tel: (787) 746-4555/(787) 746-4556
     Fax: (787) 746-4564
     Email: luis@cpacarrasquillo.com

               About Empacadora Y Procesadora Del Sur

Empacadora Y Procesadora Del Sur, Inc., a company in Coamo, P.R.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D.P.R. Case No. 22-00354) on Feb. 15, 2022, listing $11,604,565 in
assets and $10,598,204 in liabilities. Carlos C. Rodriguez Alonso,
president, signed the petition.

Judge Maria De Los Angeles Gonzalez oversees the case.

Alexis Fuentes Hernandez, Esq., at Fuentes Law Offices and CPA Luis
R. Carrasquillo & Co., P.S.C. serve as the Debtor's legal counsel
and financial advisor, respectively.


EMPACADORA Y PROCESADORA: Taps Fuentes Law Offices as Counsel
-------------------------------------------------------------
Empacadora Y Procesadora Del Sur, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire Fuentes
Law Offices, LLC to handle its Chapter 11 case.

Fuentes Law Offices will bill $250 per hour for its services.  The
firm received a retainer in the amount of $25,000.

As disclosed in court filings, Fuentes Law Offices has no prior
connections with the Debtor, any creditor or other party in
interest.

The firm can be reached through:

     Alexis Fuentes-Hernandez, Esq.
     Fuentes Law Offices, LLC
     PO BOX 9022726
     San Juan, PR 009022726
     Phone: +1 787 722 5216
     Fax: +1 787 722 5206
     Email: fuenteslaw@icloud.com

               About Empacadora Y Procesadora Del Sur

Empacadora Y Procesadora Del Sur, Inc., a company in Coamo, P.R.,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D.P.R. Case No. 22-00354) on Feb. 15, 2022, listing $11,604,565 in
assets and $10,598,204 in liabilities. Carlos C. Rodriguez Alonso,
president, signed the petition.

Judge Maria De Los Angeles Gonzalez oversees the case.

Alexis Fuentes Hernandez, Esq., at Fuentes Law Offices and CPA Luis
R. Carrasquillo & Co., P.S.C. serve as the Debtor's legal counsel
and financial advisor, respectively.


ESTIATORIO ENT: Gets OK to Hire Richard Greco as Real Estate Broker
-------------------------------------------------------------------
Estiatorio Ent. Ltd. received approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Richard Greco
Real Estate to market for sale its real property located at 465
White Plains Road, Eastchester, N.Y.

The firm will receive a commission equal to 6 percent of the gross
sales price.

As disclosed in court filings, Richard Greco does not hold any
interest adverse to the Debtor or any of its creditors.

The firm can be reached through:

     Richard Greco
     Richard Greco Real Estate
     2157B Tomlinson Ave
     Bronx, NY 10461
     Phone: +1 718-518-8588
     Fax: 718-319-0720
     Email: Grecoappraisals@aol.com

                     About Estiatorio Ent. Ltd.

Estiatorio Ent. Ltd. is the fee simple owner of an edifice and
property located at 465 White Plains Road, Eastchester, N.Y.  The
property is valued at $3 million.

Estiatorio Ent. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
21-22665) on Nov. 30, 2021, disclosing $3,000,348 in assets and
$417,091 in liabilities.  Konstantinos Doukas, president of
Estiatorio Ent., signed the petition.

Judge Robert D. Drain presides over the case.

Anne Penachio, Esq., and Francis J. Malara, Esq., at Penachio
Malara, LLP represent the Debtor as bankruptcy attorneys.


EXPRESS GRAIN: $81.7K Sale of Golfcarts and Flatbed Truck Approved
------------------------------------------------------------------
Judge Selene D. Maddox of the U.S. Bankruptcy Court for the
Northern District of Mississippi authorized Express Grain
Terminals, LLC's sale of the following:

     (i) 12 Lexsong Model LSZOZOASZ golfcarts and three Lexsong
Model LSZOZOASZOI golfcarts to Dodd Turner for $75,000; and

     (ii) a Lexsong Model LSIO30H electric flatbed truck a "floor"
price of $6,700.

The Debtor to execute such bills of sale, transfer of title or
other related documents which are reasonably necessary to
consummate and close the sale of the Equipment and, once it secures
a purchaser, for the Truck as well. Dennis Gerrard, the duly
appointed CRO of the Debtor, or any otherwise duly appointed estate
representative, is authorized to execute the sale transfer
documents.

The Equipment and the Truck are to be sold free and clear of liens,
claims and interests, but all liens, claims and interests, of
whatsoever nature and kind, will attach to the sales proceeds. The
Court will subsequently determine the liens, claims and interests,
if any, in connection with the sales proceeds.

Upon closing, the sales proceeds will be placed in a segregated,
interest bearing escrow account at an Office of the United States
Trustee authorized depository controlled by the counsel for the
Debtor, with the funds to be disbursed only upon further order of
the Court, after notice and a hearing.

The Court grants the Motion and approves the sale for the fair,
reasonable, and appropriate price of $75,000 for the Equipment and
at least $6,700 for the Truck.

The Response of the UST is resolved by the Debtor's agreement to
file a report, within 14 days of the transaction(s) closing, once
the sales of the Equipment and the Truck have been consummated. In
addition, all funds arising out of the sales of the Equipment and
the Truck will be deposited into an interest-bearing, DIP account
subject to the Chapter 11 Operating Guidelines and Reporting
Requirements promulgated by the Office of the United States
Trustee, under the control of counsel for the Debtor-in-possession,
with the funds on deposit therein not to be disbursed except upon
further order of the Court after notice and a hearing.

It is a final judgment as contemplated by the applicable Bankruptcy
Rules.

              About Express Grain Terminals

Greenwood, Mississippi-based Express Grain Terminals, LLC,
produces
soy products such as oil and biodiesel.

Express Grains Terminals and its affiliates, Express Biodiesel,
LLC
and Express Processing, LLC, sought Chapter 11 protection (Bankr.
N.D. Miss. Lead Case No. 21-11832) on Sept. 29, 2021.  At the time
of the filing, Express Grains Terminals listed up to $50 million
in
assets and up to $100 million in liabilities.  Judge Selene D.
Maddox oversees the cases.

The Law Offices of Craig M. Geno, PLLC, is the Debtors' legal
counsel.

UMB Bank, N.A., the Debtors' lender, is represented by Spencer
Fane
LLP.



FLINT, MI: Final Judgment and Order Entered in Water Crisis Cases
-----------------------------------------------------------------
In the case, In re Flint Water Cases. This Order Relates To ALL
CASES, Case 5:16-cv-10444-JEL-EAS (E.D. Mich.), Judge Judith E.
Levy of the U.S. District Court for the Eastern District of
Michigan, Southern Division, entered Final Judgment and Order of
Dismissal with Prejudice.

I. Background

On Nov. 10, 2021, the Court issued an opinion and order granting
final approval of a partial settlement entered into by the settling
parties in In re Flint Water Cases, Case No. 5:16-cv-10444. That
opinion and order prompts submission of the necessary documents to
the Court for implementing the Settlement Agreement as contemplated
by Article VIII of the Settlement Agreement. Accordingly, the Final
Judgment was submitted to the Court.

For the reasons set forth in the opinion and order granting final
approval, together with the order granting preliminary approval and
additional orders entered previously addressing clarifications to
and modifications of the settlement, Judge Levy holds that there is
no just reason for delay in entering the Final Judgment as to only
the parties to the Settlement Agreement, which are fewer than all
of the parties and claims in the action. The partial settlement
should be implemented promptly. Accordingly, pursuant to Federal
Rule of Civil Procedure 54(b), Judge Levy entered the Final
Judgment, and the Settlement Agreement as clarified or modified by
stipulations and/or orders of the Court, including all Exhibits
thereto, are adopted and fully incorporated by reference into the
Final Judgment.

To fully effectuate the settlement, Judge Levy further ordered that
the Final Judgment is entered in each of the cases pending before
the Court that are listed in the Exhibit 1, except to the extent
that any such cases include claims of valid opt-outs from the
Settlement Class or non-registering Individual Plaintiffs. The
Court Clerk will make appropriate docket entries to effectuate that
result.

As to the Individual Plaintiffs, Judge Levy confirmed, established
and effective to implement the Settlement Agreement. She approved
the Settlement Agreement and distribution of any proceeds for any
claim brought by an Individual Plaintiff that is subject to
Michigan's Wrongful Death Act, Mich. Comp. Laws Section 600.2922,
and such Settlement Agreement processes, procedures, and
distributions are confirmed, established and effective.

Judge Levy approved the distribution of the FWC Qualified
Settlement Fund as provided in the Settlement Agreement. She
confirmed the appointment of ARCHER Systems, LLC as the Claims
Administrator and QSF Administrator, Deborah Greenspan as the
Special Master, ARCHER Systems, LLC and MASSIVE as the Lien
Resolution Administrator, and Forge Consulting, LLC as the
Settlement Planning Administrator.

The FWC Qualified Settlement Fund has previously been established
pursuant to Court order. The allocation of the FWC Qualified
Settlement Fund into the Sub-Qualified Settlement Funds is approved
and, by approving the distribution of the FWC Qualified Settlement
Fund, the distribution of the net funds in the FWC Qualified
Settlement Fund into the following Sub-Qualified Settlement Funds
is approved as follows:

     a. Minor Child Sub-Qualified Settlement Fund - 64.5% of the
net funds in the FWC Qualified Settlement Fund;

     b. Minor Adolescent Sub-Qualified Settlement Fund - 10% of the
net funds in the FWC Sub-Qualified Settlement Fund;

     c. Minor Teen Sub-Qualified Settlement Fund - 5% of the net
funds in the FWC Qualified Settlement Fund;

     d. Future Minor Sub-Qualified Settlement Fund - $35 million to
be taken on a prorated basis from the total amount allocated to the
Minor Child, Minor Adolescent, and Minor Teen Qualified Settlement
Funds;

     e. Adults and Property Damage Sub-Qualified Settlement Fund -
18% of the net funds in the FWC Qualified Settlement Fund (15% for
Adult Claimants and 3% for Property Damage Claimants);

     f. Business Economic Loss Sub-Qualified Settlement Fund - 0.5%
of the net funds in the FWC Qualified Settlement Fund; and

     g. Programmatic Relief Sub-Qualified Settlement Fund - 2% of
the net funds in the FWC Qualified Settlement Fund.

As to the Settlement Class, Judge Levy confirmed and finally
certified the Settlement Class and Subclasses for Adults, Property
Damage, and Business Economic Loss pursuant to Fed. R. Civ. P. 23,
solely for purposes of the settlement. She approved the Settlement
Agreement and its terms as being fair, reasonable, and adequate as
to the Settlement Class Members within the meaning of Fed. R. Civ.
P. 23 and directs its consummation according to its terms.

Judge Levy approved the Settlement Agreement and distribution of
any proceeds for any claim brought by a Class Member that is
subject to Michigan's Wrongful Death Act, Mich. Comp. Laws Section
600.2922, and such Settlement Agreement processes, procedures, and
distributions are confirmed, established and effective.

Judge Levy approved the distribution of the FWC Qualified
Settlement Fund as provided in the Settlement Agreement. She
confirmed the appointments of the following Settlement Class
Representatives and Subclass Representatives:

     a. Settlement Class Representatives means Elnora Carthan;
Rhonda Kelso; Darrell and Barbara Davis; Michael Snyder, as
personal representative of the estate of John Snyder; David Munoz;
Tiantha Williams; Frances Gilcreast; Neil Helmkay; and 635 South
Saginaw LLC;

     b. Subclass Representatives means: i. Rhonda Kelso, Barbara
and Darrell Davis, Tiantha Williams, and Michael Snyder, as
personal representative of the Estate of John Snyder, as
representatives of the Adult Exposure Subclass; ii. Elnora Carthan
and David Munoz as representatives of the Property Damage Subclass;
and iii. 635 South Saginaw LLC, Frances Gilcreast, and Neil Helmkay
as representatives of the Business Economic Loss Subclass.

Judge Levy confirmed the appointment of the following as the
Settlement Class Counsel to represent the Settlement Class and
Subclasses: a. Co-Lead Class Counsel Theodore J. Leopold of Cohen
Milstein Sellers & Toll PLLC and Michael L. Pitt of Pitt McGehee
Palmer, Bonanni & Rivers, P.C., and the Executive Committee.

With respect to the Class Settlement portion of the Settlement
Agreement, Judge Levy confirmed the appointment of ARCHER Systems,
LLC as the Claims Administrator and QSF Administrator, Deborah
Greenspan as the Special Master, ARCHER Systems, LLC and MASSIVE as
the Lien Resolution Administrator, and Forge Consulting, LLC as the
Settlement Planning Administrator.

The FWC Qualified Settlement Fund has previously been established
pursuant to Court order. The allocation of the FWC Qualified
Settlement Fund into the Sub-Qualified Settlement Funds is approved
and, by approving the distribution of the FWC Qualified Settlement
Fund, the distribution of the net funds in the FWC Qualified
Settlement Fund into the following Sub-Qualified Settlement Funds
is approved as follows:

     a. Minor Child Sub-Qualified Settlement Fund - 64.5% of the
net funds in the FWC Qualified Settlement Fund;

     b. Minor Adolescent Sub-Qualified Settlement Fund - 10% of the
net funds in the FWC Sub-Qualified Settlement Fund;

     c. Minor Teen Sub-Qualified Settlement Fund - 5% of the net
funds in the FWC Qualified Settlement Fund;

     d. Future Minor Sub-Qualified Settlement Fund - $35 million to
be taken on a prorated basis from the total amount allocated to the
Minor Child, Minor Adolescent, and Minor Teen Qualified Settlement
Funds;

     e. Adults and Property Damage Sub-Qualified Settlement Fund -
18% of the net funds in the FWC Qualified Settlement Fund (15% for
Adult Claimants and 3% for Property Damage Claimants);

     f. Business Economic Loss Sub-Qualified Settlement Fund - 0.5%
of the net funds in the FWC Qualified Settlement Fund; and

     g. Programmatic Relief Sub-Qualified Settlement Fund - 2% of
the net funds in the FWC Qualified Settlement Fund.

Judge Levy finds that the Settlement Agreement and Settlement
Program with respect to LIIs, who are Settlement Class Members,
including the processes and procedures in Article XXI-applicable to
LIIs, Article III-Registration for and Participation in Settlement
Program, Article IV-Settlement Categories, and Article V-Monetary
Awards, are fair, reasonable, and adequate, and that such processes
and procedures are confirmed, established and effective to
implement the Settlement Agreement.

All Future Minor Claimants are subject to Article VI of the
Settlement Agreement.

A full-text copy of the Court's Feb. 18, 2022 Final Judgment &
Order is available at https://tinyurl.com/wtz24dr4 from
Leagle.com.



FMBC INVESTMENTS: April 15 Plan Confirmation Hearing Set
--------------------------------------------------------
On Oct. 18, 2021, debtor FMBC Investments, LLC filed with the U.S.
Bankruptcy Court for the Middle District of Tennessee a Disclosure
Statement to accompany a Plan of Liquidation.

On Feb. 24, 2022, Judge Charles M. Walker approved the Disclosure
Statement and ordered that:

     * March 25, 2022, is fixed as the last day for serving ballots
accepting or rejecting the Plan.

     * March 25, 2022, is fixed as the last day for filing and
serving written objections to confirmation of the Plan.

     * April 15, 2022, at 11 a.m. via Zoom Video, is the hearing on
confirmation of the Plan.

A full-text copy of the order dated Feb. 24, 2022, is available at
https://bit.ly/3M3sBkj from PacerMonitor.com at no charge.

Counsel for the Debtor:

    Griffin S. Dunham
    Dunham Hildebrand, PLLC
    2416 21st Avenue South, Suite 303
    Nashville, TN 37212
    Phone: 615-933-5850
    E-mail: griffin@dhnashville.com

                    About FMBC Investments
  
Nashville, Tenn.-based FMBC Investments, LLC sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Tenn. Case No.
21-01880) on June 18, 2021.  The Debtor's single asset of value is
the real estate located at 2404, 2500, 2518, and 0 West Heiman
Street, Nashville, Tennessee 37208 (collectively, the "West Heiman
Properties").

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

Judge Charles M. Walker oversees the case.  

Dunham Hildebrand, PLLC and the Law Firm of Baggott Law, PLLC serve
as the Debtor's bankruptcy counsel and special counsel,
respectively.


FORUM ENERGY: CEO's Base Salary Rises to $600K
----------------------------------------------
Neal Lux, Forum Energy Technologies, Inc.'s newly appointed
president and chief executive officer, has received a base salary
increase from $369,000 to $600,000 and will be eligible to receive
a target annual bonus of 100% of his base salary, with a maximum
bonus opportunity of 200% of his base salary, based on company and
individual performance, according to a Form 8-K filed with the
Securities and Exchange Commission.  

In addition, the company granted Mr. Lux 47,519 performance
restricted stock units, which will vest based on continued service
over three years and achievement of designated stock price hurdles,
and 47,519 restricted stock units, which will vest ratably over a
period of three years.  Mr. Lux will also remain subject to the
severance agreement he previously entered into with the company,
dated May 12, 2020.

Meanwhile, Mr. C. Christopher Gaut was appointed executive chairman
of the company's board of directors.  In connection therewith, the
company entered into a letter agreement with Mr. Gaut providing,
among other things: (i) that Mr. Gaut's annual base salary be
decreased from $600,000 to 500,000; (ii) that his target annual
bonus opportunity be reduced from 110% of base salary to 100% of
base salary, with a maximum bonus opportunity of 200% of his base
salary, based on company and individual performance; (iii) for a
cash bonus award of $150,000, vesting in quarterly installments
over a one year period; and (iv) for an award of 33,084
cash-settled phantom units that will vest in equal installments
over two years.  Pursuant to the letter agreement, Mr. Gaut also
waived his right to future severance benefits under his Dec. 19,
2018 severance agreement with the company.

                         About Forum Energy

Forum Energy Technologies -- www.f-e-t.com -- is a global oilfield
products company, serving the drilling, downhole, subsea,
completions and production sectors of the oil and natural gas
industry.  The Company's products include highly engineered
capital
equipment as well as products that are consumed in the drilling,
well construction, production and transportation of oil and natural
gas.  Forum is headquartered in Houston, TX with manufacturing and
distribution facilities strategically located around the globe.

Forum Energy reported a net loss of $96.89 million for the year
ended Dec. 31, 2020, compared to a net loss of $567.06 million for
the year ended Dec. 31, 2019.  As of Sept. 30, 2021, the Company
had $799.97 million in total assets, $453.95 million in total
liabilities, and $346.02 million in total equity.

                             *   *   *

As reported by the TCR on July 15, 2021, Moody's Investors Service
upgraded Forum Energy Technologies, Inc.'s Corporate Family Rating
to Caa1 from Caa2.  "The upgrade of Forum's ratings reflects
reduced risk of default and our expectation that Forum will grow
revenue and EBITDA through 2022 driving reduced leverage and better
interest coverage," commented Jonathan Teitel, a Moody's analyst.

As reported by the TCR on Aug. 25, 2021, S&P Global Ratings revised
its outlook on Forum Energy Technologies Inc. to stable from
negative and affirmed its 'CCC+' issuer credit rating.  The stable
outlook reflects S&P's view that despite expecting leverage to
remain at unsustainable levels over the next 12 months, including
funds from operations (FFO) to debt of about 5%, S&P expects Forum
will maintain adequate liquidity and generate a small amount of
FOCF.


FULL HOUSE: Promotes John Ferrucci to Chief Operating Officer
-------------------------------------------------------------
Full House Resorts, Inc. has promoted John Ferrucci to the
newly-created position of senior vice president and chief operating
officer, subject to finalization of a new employment agreement
between the Company and Mr. Ferrucci related to such position.  As
COO, Mr. Ferrucci will oversee the Company's efforts to open The
Temporary at American Place until a permanent general manager is
selected, continue to serve as general manager of Silver Slipper
Casino Hotel in Hancock County, Mississippi, and will oversee
operations for the Company's other properties.

Mr. Ferrucci began his career at Harrah's Atlantic City as a table
games dealer, working his way up to a casino credit executive.  He
subsequently served as casino manager for Lucayan Beach Resort and
Casino in the Bahamas before moving to Mississippi, where he opened
both the Grand Casino in Gulfport and the Grand Casino in Biloxi.
In 1996, Mr. Ferrucci became the general manager of the New Palace
Casino in Biloxi before returning to the Northeast to help develop
and open a Native American casino.  In 2000, Mr. Ferrucci became
vice president and general manager of Casino Magic Biloxi, which
was the first casino hotel in Mississippi to receive the AAA
Four-Diamond Service Award.  In 2004, Mr. Ferrucci joined the
development team for the Company's Silver Slipper property, where
he worked with architects, engineers and designers to help develop
and open the property, including the subsequent addition of a
129-guestroom hotel in 2015.  Mr. Ferrucci is a graduate of Trenton
State College in New Jersey, where he received his Bachelor of
Science degree in marketing and a Master of Education degree.

Additionally, the Company provided an update on its American Place
project in Waukegan, Illinois.  The Company recently entered into
an agreement to purchase approximately 10 acres of land adjoining
the approximately 30-acre casino site to be leased from the city,
providing space for additional parking and access to the casino
site from a major road.

The Company also recently agreed to purchase a Sprung tent
structure, which has an area of approximately 1.5 football fields
and will house the temporary casino at American Place while the
permanent facility is being constructed.  Aptly named The Temporary
by American Place, it is slated to include approximately 1,000 slot
machines, 50 table games, a fine-dining restaurant, two additional
restaurants, and a center bar.  The Sprung tent structure is
expected to arrive on-site between late-March and late-April 2022,
and opening of The Temporary is expected to occur this upcoming
summer, pending customary gaming approvals.  On March 15, 2022, the
Company is holding a career fair to begin interviewing applicants
for available jobs throughout The Temporary.

"I am pleased to promote John Ferrucci to our new role of Chief
Operating Officer," said Daniel R. Lee, president and chief
executive officer of Full House Resorts.  "Under his leadership,
the Silver Slipper has reached new levels of profitability.  He has
helped develop talent throughout our company, including acting as a
mentor for the general managers of Bronco Billy's and Rising Star.
His hands-on management style, as well as his experience in opening
four casinos, will serve us well as we prepare for new levels of
growth, beginning with our planned opening of The Temporary this
summer."

This update follows the Company's previous announcement that the
Company successfully completed its funding of The Temporary on
Feb. 7, 2022.  On that date, the Company closed its private
offering of $100.0 million aggregate principal amount of its 8.25%
Senior Secured Notes due 2028.  The Additional Notes were sold at a
price of 102.0% of the principal amount and were issued pursuant to
an indenture, dated as of Feb. 12, 2021, under which the Company
issued $310 million of identical senior secured notes in February
2021. Also on February 7, the Company amended its revolving credit
agreement to, among other things, increase its borrowing capacity
from $15.0 million to $40.0 million, all of which was available to
draw.  The interest rate for borrowings under the revolving credit
facility, based on today's rates, would be less than 4%.

                   About Full House Resorts Inc.

Headquartered in Las Vegas, Nevada, Full House Resorts --
www.fullhouseresorts.com -- owns, leases, develops and operates
gaming facilities throughout the country.  The Company's properties
include Silver Slipper Casino and Hotel in Hancock County,
Mississippi; Bronco Billy's Casino and Hotel in Cripple Creek,
Colorado; Rising Star Casino Resort in Rising Sun, Indiana; and
Stockman's Casino in Fallon, Nevada.  The Company also operates the
Grand Lodge Casino at the Hyatt Regency Lake Tahoe Resort, Spa and
Casino in Incline Village, Nevada under a lease agreement with the
Hyatt organization.  The Company is currently constructing a new
luxury hotel and casino in Cripple Creek, Colorado, adjacent to its
existing Bronco Billy's property.

Full House reported net income of $147,000 for the year ended Dec.
31, 2020, compared to a net loss of $5.82 million for the year
ended Dec. 31, 2019.  As of Sept. 30, 2021, the Company had $470.09
million in total assets, $362.77 million in total liabilities, and
$107.32 million in stockholders' equity.

                             *   *   *

As reported by the TCR on Feb. 9, 2021, Moody's Investors Service
assigned a Caa1 Corporate Family Rating and Caa1-PD Probability of
Default Rating to Full House Resorts Inc. (FHR).  The Caa1 CFR
reflects the long, approximately 24 months, Bronco Billy's
construction period, uncertainty related to the level of visitation
and earnings at the redesigned property, FHR's modest scale, and
exposure to cyclical discretionary consumer spending.


FUSE GROUP: Sells $100K Convertible Note to Liu Marketing
---------------------------------------------------------
Fuse Group Holding Inc. entered into a convertible promissory notes
purchase agreement with Liu Marketing (M) Sdn. Bhd., a company
organized under the laws of Malaysia.  

Pursuant to the agreement, the company sold a convertible
promissory note to Liu Marketing with a principal amount of
$100,000.  The note bears interest at the rate of 3% per annum,
which are payable on February 15th of 2023 and 2024.  The note will
mature on the date that is 24 months from the date that the
purchase price of the note is paid to the company.  Any outstanding
principal and interest on the note may be converted to the shares
of common stock of the company at the holder's option at a
conversion price of $0.45 per share at any time until the total
outstanding balance of the note is paid.  The note was sold to Liu
Marketing pursuant to an exemption from registration under
Regulation S, promulgated under the Securities Act of 1933, as
amended.

                         About Fuse Group

Headquartered in Arcadia, CA, Fuse Group provides consulting
services to mining industry clients to find acquisition targets
within the parameters set by the clients, when the mine owner is
considering selling its mining rights.  The services of Fuse Group
and Fuse Processing, Inc. include due diligence on the potential
mine seller and the mine, such as ownership of the mine and whether
the mine meets all operation requirements and/or is currently in
operation.

Fuse Group reported a net loss of $1.02 million for the year ended
Sept. 30, 2021, compared to a net loss of $51,411 for the year
ended Sept. 30, 2020.  As of Dec. 31, 2021, the Company had
$145,608 in total assets, $114,934 in total liabilities, and
$30,674 in total stockholders' equity.

New York, NY-based Paris, Kreit & Chiu CPA LLP, the Company's
auditor since 2022, issued a "going concern" qualification in its
report dated Feb. 11, 2022, citing that as of Sept. 30, 2021, the
Company had recurring losses from operations, an accumulated
deficit, and a negative cash flows from operating activities.  As
such there is substantial doubt about its ability to continue as a
going concern.


GRAY LAND: $2.1MM Sale of Klickitat Property to Wilkins Approved
----------------------------------------------------------------
Judge Frederick P. Corbit of the U.S. Bankruptcy Court for the
Eastern District of Washington authorized Gray Land & Livestock,
LLC's sale of 6,100 acres of land located in Klickitat County,
Washington, consisting of tillable dry crop land and untillable
rangeland, to Sam Wilkins for $2.1 million or assigns, free and
clear of liens.

The net proceeds will be paid to Critical Point Advisors, LLC
("CPA"). The closing agent may directly pay the estimated closing
costs of $12,000 and any outstanding real property taxes or
assessments. The closing agent may directly pay the estimated
closing costs of $12,000 and any outstanding real property taxes or
assessments.

From the net proceeds, CPA may: (i) pay CPA's fees as allowed in
the Plan and Grantor Trust Agreement (approximately $57,750)
arising from this sale; (ii) replenish the operating reserve in the
amount of $150,000; (iii) hold $40,000 (less amounts paid to clear
the Heartland Mortgage; (iv) pay such sum, estimated at
approximately $3,200, as is required to satisfy Miland Walling's
mortgage lien encumbering a portion of the property, which was
recorded on Nov. 5, 2001 under Klickitat County Auditor's No.
1026731 (the "Heartland Mortgage"); (v) hold $200,000 for purposes
of a tax reserve subject to the secured lien rights of Columbia
State Bank and priorities set forth in the Bankruptcy Code; and
(vi) distribute the remainder of the proceeds to Columbia State
Bank. The closing agent may pay net proceeds directly to Columbia
State Bank at closing after accounting for any funds required to be
paid or reserved by this Paragraph.

Columbia State Bank's lien(s) will attach to any and all sale
proceeds held in any reserve or account or any funds otherwise not
paid at closing in the same order of priority as such lien(s)
attached to the real property authorized to be sold pursuant to the
terms of the Order. Proceeds held in any tax reserve under the
Order will be distributed in accordance with a subsequent Court
order. A final settlement statement will be provided to Columbia
State Bank, and any other party requesting such statement as soon
as practical.

To the extent that the Wilkins sale does not close within 21 days
of entry of the Order, the Plan Agent must immediately notify the
Court and the parties and hold a hearing on how to proceed,
including but not limited to considerations of whether to extend
closing time to Wilkins, and/or offering the Property for sale to
Jack Horton or assigns at his originally offered sales price with
five days closing.

Columbia State Bank disputes the claim amount secured by a Deed of
Trust in favor of Miland Walling and Lester Walling. The following
mechanism will be used to resolve this dispute: (i) $40,000 (less
amounts paid to satisfy the Heartland Mortgage) will be held by CPA
from the sale proceeds, to be released upon the mutual written
instruction of Columbia State Bank and Walling; (ii) Walling will
provide a payoff statement and loan and payment history to CPA and
Columbia State Bank within 10 business days of the date of the
Order; (iii) in the event Columbia State Bank and Walling do not
provide mutual written instruction to CPA as described in (i) above
within 30 days of the date of the Order, CPA will initiate an
adversary proceeding for interpleader of the $40,000 (less amounts
paid to satisfy the Heartland Mortgage) pursuant to FRBP 7022, FRCP
22 and applicable law. CPA will be entitled to reimbursement of its
attorney's fees and costs for initiating the interpleader action as
provided under applicable law, so long as those fees do not exceed
$3,000 from the proceeds.

The Debtor's Objection and the Response to Plan Agent's Proposed
Sale of 6,100 Acres to Sam Wilkins and all other objections are
overruled.

CPA, Columbia State Bank, and Walling will cooperate in closing the
sale.

                  About Gray Land & Livestock

Gray Land & Livestock is a privately held company that operates in
the animal food manufacturing industry.  Gray Land & Livestock
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Wash. Case No. 19-00467) on Feb. 28, 2019.  At the time of
the
filing, the Debtor was estimated to have assets of less than
$50,000 and liabilities of $1 million to $10 million.  The case is
assigned to Judge Frederick P. Corbit.  The Debtor tapped Bailey &
Busey LLC as its legal counsel.



GREAT WESTERN: Fitch Puts 'B-' LongTerm IDR on Watch Positive
-------------------------------------------------------------
Fitch Ratings has placed Great Western Petroleum, LLC's (GWP) 'B-'
Long-Term Issuer Default Rating (IDR), 'BB-'/'RR1' senior secured
credit facility and its 'B-'/'RR4' senior secured second lien notes
on Rating Watch Positive.

The Positive Rating Watch follows the announcement that PDC Energy
(PDC; not rated) has entered into an agreement to acquire GWP.
Fitch expects to resolve the Rating Watch upon completion of the
transaction, which could result in an upgrade, but depends on PDC's
treatment of the GWP debt. If the acquisition fails to close, the
Rating Watch Positive will be removed, with GWP rating likely to
remain at 'B-' with a Positive Outlook.

GWP's standalone ratings reflect its smaller pure-play
Denver-Julesburg (DJ) Basin scale, FCF expectations that provide a
notable opportunity in 2022 to reduce the draw on the company's
Reserve Based Loan (RBL) and Fitch's forecast 2021 year-end
leverage around 1.5x. The ratings also consider the risks
associated with the relatively higher regulatory and community
standards that are applied to E&P companies operating in the state
of Colorado.

KEY RATING DRIVERS

Credit Beneficial Transaction: The transaction, which is expected
to close in 2Q22 is valued at approximately $1.3 billion, including
the assumption of approximately $500 million of debt and will be
financed through the issuance of approximately 4 million shares of
PDC common stock to existing GWP shareholders and $543 million of
cash. PDC expects the transaction to be accretive to FCF per share,
oil mix, as well as general & administrative expense per boe. Fitch
forecasts standalone GWP gross leverage of approximately 1x at
year-end 2022, compared to PDC anticipated pro forma leverage of
less than 0.7x at year-end 2022.

Combined DJ Basin Footprint: Upon closing of the transaction GWP's
production will add approximately 55Mboepd production, 54M net
acres located in the DJ basin and 185MMboe proved reserves as of
year-end 2021 to PDC's DJ basin focused asset base. Proforma the
transaction PDC is guiding 2022 production between 225,000 and
240,000 boe per day and between 74,000 and 81,000 bbls of oil per
day with approximately 1 billion boe proved reserves.

Standalone Positive FCF Generation: Fitch is forecasting GWP to
generate FCF of approximately $100 million for 2021 and $85 million
in 2022 before trending towards a more neutral FCF in 2023/2024
under its price deck, which uses WTI of $67 in 2022, $57 in 2023
and $50 thereafter. FCF in 2022, with further upside at strip
pricing, provides an opportunity to reduce RBL borrowings and
improve liquidity.

Standalone Debt Structure: With a $485 million RBL commitment, of
which $288 million was drawn at 3Q21 and $312 million in second
lien notes, GWP has a simple but RBL reliant and encumbered capital
structure. Increased RBL liquidity, particularly through debt
reduction as oppose to borrowing base growth and demonstrated
market access to to issue unsecured notes would be credit
supportive. PDC plans to use cash on hand and draw on its $1.5bn
credit facility, which at year end 2021 was undrawn, to fund the
cash portion of the GWC acquisition.

Standalone Production Costs and Commitments: GWP's relatively low
lease operating expenses and roughly two-thirds of production
liquids weighting help offset the differential and transportation
costs GWP incurs operating in the DJ basin to support a competitive
3Q21 Fitch calculated unhedged cash netback of $32.6/bbl. Fitch
anticipates GWP is positioned to meet its oil and gas minimum
volume commitments, but to do so third-party oil purchases were
required in 2021 and at current oil production levels may need to
be purchased during Fitch's forecast period.

DERIVATION SUMMARY

GWP's 3Q21 production of 51Mboepd is below Civitas Resources, Inc
(BB-/Stable) pro forma its consolidation of Bonanza Creek,
Extraction and Crestone's operations, of 159Mbopepd. Civitas
compares to GWP as a larger pure-play DJ Basin producer. Civitas'
forecast 2021 gross leverage of approximately 0.5x is below GWP at
approximately 1.4x, with both company's concentration in the DJ
basin and its associated operational and capital market risks
tempering the overall impact of their low leverage for their
respective rating levels of their IDRs.

GWP's production is ahead of 'B-' rated Ranger Oil Corporation
(B-/Stable; 38Mboepd), whose operations are located in the Eagle
Ford trend and in line with Talos (B-/Stable), whose offshore asset
base produced 57Mboepd in 3Q21. Forecast leverage for Talos at sub
2.0x is modestly higher than GWP, while Ranger's forecast sub-1.5x
leverage is in-line. GWP's debt to flowing barrel of $17.6M/bbl is
similar to Talos' 18.7M/bbl at 3Q21, and materially below Ranger
29.7/bbl.

Compared to 'B' rated E&P company's Callon Petroleum (B/Stable) and
SM Energy (B/Stable), GWP's production is meaningfully behind these
peers' respective 3Q21 averages of 100Mboped and 156Mboepd. GWP's
3Q21 unhedged cash netback of $32.6/bbl trails Callon's $37/bbl and
SM's $39.5/bbl.

KEY ASSUMPTIONS

-- WTI (USD/bbl) of $68 in 2021, $67 in 2022, $57 in 2023 and $50
    in 2024 and longer term;

-- Henry Hub natural gas (USD/mcf) of $3.80 in 2021, $3.25 in
    2022, $2.75 in 2023, $2.50 in 2024 and longer term;

-- Stand-alone mid to high single digit production growth during
    2022 - 2024;

-- Stand-alone excess cash partially utilized to reduce RBL / RBL
    successfully refinanced successfully;

-- Stand-alone unit production costs are largely flat during
    forecast period.

-- Completion of PDC acquisition in 2Q22

KEY RECOVERY RATING ASSUMPTIONS

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

Going-Concern (GC) Approach

Fitch assumes a bankruptcy scenario exit EBITDA of $220 million,
which reflects the approximate 2023 and 2024 EBITDA's in Fitch's
stress case. The EBITDA estimate considers a weakened oil and
natural gas environment that results in restrained capital
investment causing lower-than-expected production, less economic
drilling inventory and liquidity constraints.

Fitch uses a GC enterprise value (EV) multiple of 3.0x, which is
unchanged from GWP's previous recovery assumption. The historical
bankruptcy case study exit multiples for peer companies range from
2.8x to 7.0x, with an average of 5.2x and a median of 5.4. The
lower multiple reflects GWP's footprint, which is at approximately
53K net acres is smaller position and its location in the DJ Basin,
which is subject to increased regulatory risks and less M&A
activity than other onshore basins.

Liquidation Approach

Fitch uses transactional and asset-based valuations that is
informed by recent transactions for the DJ Basin, on $/acre,
$/drilling location, $/flowing barrel and $/proved reserve
estimates to determine a reasonable sales price for the company's
assets.

Fitch used PDC Energy Inc.'s acquisition of SRC Energy, Inc. in
August 2019 and Bonanza Creek's 2021 acquisition of Highpoint
Energy as key comparisons. SRC's acreage position is slightly south
and east of GWP's company's Weld County position, which has
different valuation impacts than the company's Adams County core,
which is in the volatile oil window. PDC's planned acquisition of
GWC values the company at approximately $24,000 on a per acre and
per boe basin and $4.1M per location.

Fitch assumes GWP's revolver was drawn to $485 million, or 100% of
the elected commitment amount. The allocation of value in the
liability waterfall results in a recovery corresponding to an 'RR1'
rating for the RBL and an 'RR4' rating for the senior secured
second lien notes.

RATING SENSITIVITIES

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

To resolve the Positive Watch:

-- Completion of the contemplated merger and favorable treatment
    of GWP's debt.

To Upgrade on a Stand-Alone Basis:

-- Generation of material FCF over mid-cycle pricing with
    proceeds used for revolver reduction;

-- Utilization of revolver commitment below 50%;

-- Midcycle debt/EBITDA below 2.5x;

-- Production greater than 60 mboepd.

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

-- Failure to complete the merger as contemplated will result in
    removal of the Positive Watch.

To Downgrade on a Stand-Alone Basis:

-- Material reduction in liquidity;

-- Generation of FCF deficits over mid-cycle pricing;

-- Limitations on capital market access affecting refinancing or
    liquidity;

-- Mid-cycle debt/EBITDA above 3.0x

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

Standalone Liquidity: At 3Q21 GWP's liquidity consisted of $197
million of undrawn capacity on its $485 million RBL along with
readily available cash of $18 million, which with forecasted FCF
generation in 2022 should support near-term RBL repayments. There
are no debt maturities until the RBL comes due in June 2024, and
the next bond maturity is September 2025. Fitch believes the
company may need to refinance the notes to a longer maturity in
order to extend the revolver.

GWP's RBL has two financial maintenance covenants including a
maximum leverage ratio not to exceed 3.5 to 1 and a current ratio
that is not to be less than 1.0 to 1.0. Terms of the second lien
issuance only allows the revolving credit facility to be first lien
debt, prohibits any secured debt junior to the revolver and senior
to the second liens, and allows parity second lien debt of up to
$50 million.

ESG CONSIDERATIONS

GWP has an Environmental, Social and Governance (ESG) Relevance
Score of '4' for Exposure to Social Impacts, due to heightened
regulatory pressure for Colorado oil and gas operators, which may
have a longer-term impact on costs and inventory. Fitch believes
this has a negative impact on the credit profile and is relevant to
the rating in conjunction with other factors.

GWP has an ESG Relevance Score of '4' for Energy/Management,
reflecting the company's financial and operational flexibility due
to scale, business mix and diversification. These factors have a
negative impact on the credit profile, and are relevant to the
ratings in conjunction with other factors.

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

ISSUER PROFILE

GWP is a private, independent oil and natural gas company focused
on exploration and development of unconventional oil and gas
reserves in the liquids-rich core of the Greater Wattenberg field
in the DJ Basin. GWP has 54 thousand net acres, primarily located
in Weir and Adams County, Colorado.

On February 28, 2022, PDC Energy Inc. entered into an agreement to
buy Great Western Petroleum, LLC in a cash-and-stock deal valued at
$1.3 billion. PDC will fund the acquisition through the issuance of
4.0 million shares of common stock to Great Western shareholders
and about $543 million in cash. The deal is expected to close in
the second quarter of 2022.


GREAT WESTERN: Moody's Puts 'B3' CFR Under Review for Upgrade
-------------------------------------------------------------
Moody's Investors Service placed Great Western Petroleum, LLC's
ratings on review for upgrade following the announcement that PDC
Energy (PDC, Ba2 stable) will acquire Great Western[1]. The Great
Western ratings on review include its B3 Corporate Family Rating,
B3-PD Probability of Default Rating and Caa2 senior secured second
lien notes rating.

"The potential ownership by PDC will likely improve Great Western's
credit profile given PDC's stronger credit rating and the increased
scale of the combined company," stated Amol Joshi, Moody's Vice
President and Senior Credit Officer.

PDC is acquiring Great Western in a transaction valued at roughly
$1.3 billion, including net debt of approximately $500 million. The
purchase price consideration is comprised of $543 million in cash
and the issuance of 4 million shares of PDC common stock to
existing Great Western shareholders. The transaction, which is
expected to close in the second quarter of 2022, is subject to
customary closing conditions and the satisfaction of certain
regulatory approvals.

On Review for Upgrade:

Issuer: Great Western Petroleum, LLC

Corporate Family Rating, Placed on Review for Upgrade, currently
B3

Probability of Default Rating, Placed on Review for Upgrade,
currently B3-PD

Senior Secured 2nd Lien Regular Bond/Debenture, Placed on Review
for Upgrade, currently Caa2 (LGD5)

Outlook Actions:

Issuer: Great Western Petroleum, LLC

Outlook, Changed To Rating Under Review From Stable

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

Great Western's ratings were placed on review for upgrade based on
the company's potential ownership by PDC which has a stronger
credit profile and greater financial resources. If Great Western's
senior secured second lien notes remain outstanding and benefit
from the same set of guarantors as PDC's existing debt, the rating
on the Great Western notes could be upgraded subject to those
notes' ranking relative to PDC's existing debt. If Great Western
were to become an unguaranteed subsidiary of PDC following the
acquisition and continue to provide separate financial statements,
then its ratings could be upgraded based on the level of
anticipated parental support. If separate financial statements and
sufficient disclosures are not made available to support the
maintenance of ratings, or if all of Great Western's rated debt is
repaid, Moody's will likely withdraw Great Western's ratings.

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

Denver, CO-based Great Western Petroleum, LLC is a private,
independent exploration and production company operating in the
Wattenberg field of Colorado's DJ Basin.


GVS TEXAS: Seeks Approval to Hire Reed Smith as Conflicts Counsel
-----------------------------------------------------------------
GVS Texas Holdings I, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the Northern District of Texas to employ
Reed Smith, LLP as conflicts counsel.

The Debtors need the firm's legal assistance in matters, which
their primary bankruptcy counsel may not handle due to potential
conflicts of interest.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     Michael P. Cooley, Partner      $870
     Lindsey L. Robin, Associate     $660
     Taylre C. Janak, Associate      $535
     Shikendra B. Rhea, Paralegal    $315

Michael Cooley, Esq., a partner at Reed Smith, disclosed the
following in response to the questions set forth in Paragraph D.1
of the U.S. Trustee Guidelines:

     a. Reed Smith did not agree to any variations from, or
alternative to, its standard or customary billing arrangements for
this engagement.

     b. The hourly rates of the Reed Smith professionals
representing the Debtors are consistent with the rates that the
firm charges other Chapter 11 clients regardless of the geographic
location of the Chapter 11 case.

     c. Reed Smith did not represent the Debtors prior to the
filing of their Chapter 11 cases.

     d. Reed Smith, in conjunction with the Debtors and Sidley
Austin, LLP, will develop a prospective budget and staffing for
conflicts matters that arise in the cases, as appropriate.

Mr. Cooley also disclosed that his firm is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code.

Reed Smith can be reached through:

     Michael P. Cooley, Esq.
     Reed Smith, LLP
     2850 N. Harwood Street, Suite 1500
     Dallas, Texas 75201
     Tel: 469.680.4200
     Fax: 469.680.4299
     Email: mpcooley@reedsmith.com

                    About GVS Texas Holdings I

GVS Texas Holdings I, LLC and its affiliates are primarily engaged
in renting and leasing a wide array of properties functioning
principally as self-storage and parking facilities in 64 locations
in Texas, Colorado, Illinois, Indiana, Mississippi, Missouri,
Nevada, New York, Ohio, and Tennessee. Six of the properties are in
the Dallas-Fort Worth Metroplex, with an additional 28 located
elsewhere in Texas. The properties are managed by Great Value
Storage, LLC.

GVS Texas Holdings I and its affiliates sought Chapter 11
protection (Bankr. N. D. Texas Lead Case No. 21-31121) on June 17,
2021. The parent entity, GVS Portfolio I C, LLC, filed a voluntary
Chapter 11 petition (Bankr. N. D. Texas Case No. 21-31164) on June
23, 2021. GVS Portfolio's case is jointly administered with that of
GVS Texas Holdings I. Judge Michelle V. Larson oversees the cases.

In its petition, GVS Texas Holdings I listed disclosed $100 million
to $500 million in both assets and liabilities.

The Debtors tapped Sidley Austin, LLP as bankruptcy counsel and
Reed Smith, LLP as conflicts counsel. Houlihan Lokey Capital, Inc.
and HMP Advisory Holdings, LLC, doing business as Harney Partners,
serve as the Debtors' investment banker and financial advisor,
respectively.


IHEARTCOMMUNICATIONS INC: Moody's Alters Ratings Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service affirmed iHeartCommunications, Inc.'s B2
Corporate Family Rating and B2-PD Probability of Default Rating.
The B1 rating on the senior secured term loan and senior secured
notes, and Caa1 rating on the senior unsecured notes were also
affirmed. The outlook was changed to stable from negative.

The ratings affirmation and change in the outlook to stable reflect
the strong recovery in operating performance and Moody's
expectation that results will exceed pre-pandemic levels in 2022
led by growth in digital services. iHeart's liquidity position has
improved with $352 million of cash and access to an undrawn $450
million ABL revolving facility as of Q4 2021. In addition, Moody's
projects free cash flow (FCF) as a percentage of debt will increase
to the mid to high single digits in 2022 despite higher capex and
cash taxes. As a result of the improved liquidity, Moody's upgraded
iHeart's Speculative Grade Liquidity (SGL) rating to SGL-2 from
SGL-3.

Affirmations:

Issuer: iHeartCommunications, Inc.

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured Bank Credit Facility, Affirmed B1 (LGD3)

Senior Secured Regular Bond/Debenture, Affirmed B1 (LGD3)

Senior Unsecured Regular Bond/Debenture, Affirmed Caa1 (LGD5)

Upgrades:

Issuer: iHeartCommunications, Inc.

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

Outlook Actions:

Issuer: iHeartCommunications, Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

iHeart's B2 CFR reflects the high leverage level (7.7x as of Q4
2021 excluding Moody's standard lease adjustments), but Moody's
expects leverage will decline significantly in 2022 as a result of
strong operating performance and debt repayment. The radio industry
is also being negatively affected by the shift of advertising
dollars to digital mobile and social media as well as heightened
competition for listeners from a number of digital music providers.
Secular pressures in broadcast radio and the cyclical nature of
radio advertising demand have the potential to exert pressure on
profitability over time, if not offset by continued growth in
digital services.

iHeart benefits from its size as the largest radio operator in the
US as well as its geographic diversity and leading market positions
in most of the approximately 160 markets in which it operates.
iHeart also derives significant strength from its diversified
service offering including podcasting, the iHeartRadio service,
live events, syndicated network, and data analytics services.
Moody's expects iHeart's podcasting and digital services will
continue to be a leading contributor to growth going forward. While
local advertising revenue accounted for the vast majority of
revenue historically, national advertising has been an increasing
percentage of revenue. iHeart has an advantage in obtaining
national advertising dollars given its leading position in radio
and podcasting. Live event represents a relatively small portion of
total revenue (6% of revenue in 2019), but Moody's projects live
event revenue will continue to recover toward pre-pandemic levels
due to the strong demand for live entertainment in 2022.

ESG CONSIDERATIONS

iHeart's ESG Credit Impact Score is highly-negative (CIS-4) driven
by the company's exposure to governance risks (G-4). iHeart will
continue to reduce leverage levels, but leverage will remain
relatively high and the company will be subject to the secular
pressures in broadcast radio. iHeart's exposure to social risks is
moderately-negative (S-3). A significant percentage of the
company's revenue and profitability are generated from radio
broadcasting which faces risk from social and demographical trends
as competition for listeners from digital music services has
increased and advertising dollars have shifted to digital and
social media advertising. iHeart's leading market position in
broadcast radio and in digital services such as podcasting offsets
a portion of the risk in broadcast radio.

iHeart's SGL-2 rating reflects a good liquidity position with $352
million of cash on the balance sheet and an undrawn ($27 million of
L/Cs) $450 million ABL revolving credit facility due in 2023 (not
rated by Moody's). iHeart is likely to extend the ABL maturity on a
timely basis. Moody's projects FCF as a percentage of debt will
increase to the mid to high single digits in 2022, despite capex
increasing to the $150 to $165 million range and higher cash taxes.
Capex is likely to decline to the $120 million range in 2023 after
the renovation of the company's headquarters and consolidation of
its real estate footprint are completed.

In response to the pandemic, iHeart drew $350 million on the ABL
facility, but issued $450 million in incremental term loans in July
2020 to repay the remaining ABL facility balance and add cash to
the balance sheet. In 2021, iHeart repaid $250 million in term
loans and spent $64 million to repurchase the outstanding preferred
stock. Moody's expects a significant portion of FCF will be used to
repay debt in 2022. iHeart has made several acquisitions during the
past few years to bolster digital capabilities, including the
Triton Digital acquisition in 2021, but additional activity is
likely to be more limited.

The ABL credit facility is subject to a fixed charge coverage ratio
of at least 1x if borrowing availability is less than the greater
of $40 million and 10% of the aggregate commitments for two
consecutive days. The term loans and secured notes are covenant
lite. Moody's projects iHeart will remain well within compliance
with the ABL covenant.

The stable outlook reflects Moody's expectation that leverage will
decline to the mid 5x range in 2022 driven by good EBITDA growth
and debt repayment. While Moody's projects broadcast radio to
continue to improve toward pre-pandemic levels, performance will
likely be driven by iHeart's leading position in podcasting and
other digital services. High margin political ad spend during the
upcoming mid-term elections will also support operating performance
in 2022. Moody's expects iHeart will continue to direct a
significant portion of FCF to debt repayment and will pursue lower
leverage on a sustained basis.

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

iHeart's ratings could be upgraded if leverage was sustained under
4.5x with organic revenue and EBITDA growth. Free cash flow as a
percentage of debt would also have to be well above 5% with a
strong liquidity position and no near term debt maturities. iHeart
would also have to maintain financial policies consistent with a
higher rating.

iHeart's ratings could be downgraded if leverage was expected to
remain above 6x due to poor operating performance or heighted
secular pressures in the radio industry. A deterioration in
iHeart's liquidity position could also pressure the ratings.

iHeartCommunications, Inc. (iHeart) with its headquarters in San
Antonio, Texas, is the leading terrestrial radio operator and
podcasting service provider in the US. In addition, iHeart operates
its iHeartRadio digital platform, data analytics services, live
events, syndicated networks, and the Katz Media Group. iHeart
emerged from Chapter 11 bankruptcy protection and separated from
Clear Channel Outdoor Holdings, Inc. in Q2 2019. Revenue was
approximately $3.6 billion as of LTM Q4 2021.

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


IHEARTMEDIA INC: S&P Upgrades ICR to 'B+' on Higher Revenue
-----------------------------------------------------------
S&P Global Ratings raised the issuer credit rating on iHeartMedia
Inc. to 'B+' from 'B'.

The stable outlook reflects S&P's expectation that leverage will
decline to about 5x by the end of 2022 from 7x at the end of 2021
through a combination of double-digit percentage EBITDA growth and
voluntary debt repayment.

S&P said, "We have increased confidence that iHeartMedia's leverage
will decline below 5.5x in 2022. The company exceeded pre-pandemic
revenue in the fourth quarter of 2021, with its broadcast radio
advertising, podcasting, and digital revenue excluding podcasting
continuing to outperform the industry. The company's operating and
financial performance has also continued to show little impact from
new coronavirus variants and supply chain constraints. As a result,
we have increased confidence in the company's ability to
substantially reduce leverage in 2022. We expect leverage will
decline to about 5x in 2022 from 7x in 2021 due to a combination of
EBITDA growth and voluntary debt repayment. We expect EBITDA will
increase by more than 30% in 2022 from 2021 due to a continued
recovery in broadcast radio advertising, the benefit of political
advertising revenue in an election year, and healthy digital
revenue growth. The strong growth rate in 2022 also reflects
relatively low EBITDA in the first half of 2021, as performance was
still largely weighed down by the COVID-19 pandemic (affecting both
broadcast radio advertising and live events). At the same time, we
expect iHeartMedia will generate more than $400 million of free
operating cash flow (FOCF) in 2022 that it will largely use for
debt repayment. Management has publicly said it will prioritize
debt reduction until it improves leverage to about 4x, at which
point it will reevaluate its capital allocation priorities.

"The stable outlook reflects our expectation that leverage will
decline to about 5x by the end of 2022 from 7x at the end of 2021
through a combination of double-digit percentage EBITDA growth and
voluntary debt repayment."

S&P could lower the rating if leverage remains above 5.5x on a
sustained basis. This could occur if:

-- Broadcast radio advertising revenue declines;

-- Digital revenue growth slows or becomes negative due to
increased competition;

-- Increased digital investments cause EBITDA margins to
deteriorate; or

-- The company uses its cash for sizable acquisitions that are not
immediately accretive rather than paying down debt.

While unlikely over the next year, S&P could raise the rating if:

-- The company reduces leverage below 4.5x and establishes a track
record of maintaining it there, with capacity for potential
acquisitions or shareholder returns;

-- Positive operating and revenue trends continue, with broadcast
advertising revenue remaining stable and digital revenue continuing
to increase; and

-- EBITDA margins remain above 25% despite digital investments.

ESG credit indicators: E-2, S-2, G-2



INNERLINE ENGINEERING: Taps Resnik Hayes Moradi as Legal Counsel
----------------------------------------------------------------
Innerline Engineering, Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Resnik Hayes
Moradi, LLP to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     (a) advising the Debtor regarding compliance with the
requirements of the Office of the U.S. Trustee;

     (b) advising the Debtor regarding matters of bankruptcy law;

     (c) advising the Debtor regarding cash collateral matters;

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

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

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

     (g) making appearances in the bankruptcy court and performing
other legal services required by the Debtor.

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

     M. Jonathan Hayes, Partner          $600
     Matthew D. Resnik, Partner          $565
     Roksana D. Moradi-Brovia, Partner   $500
     Russell J. Stong III, Associate     $400
     David M. Kritzer, Associate         $350
     W. Sloan Youkstetter, Associate     $350
     Pardis Akhavan, Associate           $265
     Boshra Khoder, Associate            $165
     Rosario Zubia, Paralegal            $135
     Priscilla Bueno, Paralegal          $135
     Rebeca Benitez, Paralegal           $135

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

The Debtor has agreed to pay the firm an initial retainer fee of
$36,738 .

Roksana Moradi-Brovia, Esq., a partner at Resnik Hayes Moradi,
disclosed in a court filing that the firm is a "disinterested
person" as that term is defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Roksana D. Moradi-Brovia, Esq.
     Matthew D. Resnik, Esq.
     Resnik Hayes Moradi LLP
     17609 Ventura Blvd., Suite 314
     Encino, CA 91316
     Telephone: (818) 285-0100
     Facsimile: (818) 855-7013
     Email: roksana@RHMFirm.com
            matt@RHMFirm.com

                    About Innerline Engineering

Corona, Cal.-based Innerline Engineering, Inc. --
http://www.innerlineengineering.com/-- offers a variety of
services to municipalities, utility owners, industrial facilities
and commercial property owners for the maintenance of their
underground utilities.

Innerline Engineering filed a petition for Chapter 11 protection
(Bankr. C.D. Cal. Case No. 22-10545) on Feb. 14, 2022, listing as
much as $10 million in both assets and liabilities. Thomas J.C.
Yeh, chief financial officer, signed the petition.

Judge Wayne E. Johnson oversees the case.

Resnik Hayes Moradi, LLP serves as the Debtor's bankruptcy counsel.


INTELLIPHARMACEUTICS INTERNATIONAL: Has Going Concern Doubt
-----------------------------------------------------------
Toronto, Ontario, Canada-based Intellipharmaceutics International,
Inc., said in a regulatory filing with the U.S. Securities and
Exchange Commission that there is substantial doubt about its
ability to continue as a going concern.

"To date, we have not been profitable and have incurred significant
losses and cash flow deficits," Intellipharmaceutics said in its
Annual Information Form for the fiscal year ended November 30,
2021, filed with the U.S. SEC on February 28, 2022.

For fiscal year ended November 30, 2021, the Company reported net
losses of $5,145,155. As of November 30, 2021, the Company had an
aggregate accumulated deficit of $102,241,705.

"We anticipate that we will continue to report losses and negative
operating cash flow. As a result of these net losses and other
factors our independent auditors issued an audit opinion with
respect to our financial statements for the three years ended
November 30, 2021 that indicated that there is a substantial doubt
about our ability to continue as a going concern," the Company
said.

Toronto-based MNP LLP serves as the Company's auditor since 2016.

"There can be no assurance that we will ever be able to achieve or
sustain profitability or positive cash flows. In addition to the
other factors described in this Annual Information Form, our
ultimate success will depend on how many of our product candidates
receive approval by the FDA or Health Canada, or other
jurisdictions and whether we are able to successfully market
approved products. We cannot be certain that we will be able to
receive FDA or Health Canada approval for any of our current or
future product candidates, or that we will reach the level of sales
and revenues necessary to achieve and sustain profitability. If we
are unsuccessful in commercializing our products and/or securing
sufficient financing, we may need to cease or curtail our
operations."

Intellipharmaceutics International, Inc. --
http://www.intellipharmaceutics.com/-- is a pharmaceutical company
specializing in the research, development and manufacture of novel
and generic controlled-release and targeted-release oral solid
dosage drugs. Its patented HypermatrixTM technology is a
multidimensional controlled-release drug delivery platform that can
be applied to the efficient development of a wide range of existing
and new pharmaceuticals.

As of Nov. 30, 2021, the Company had $2 million in total assets and
$10.2 million in total liabilities.


IRONSIDE LLC: Court Appoints Carey Brown as CRO
-----------------------------------------------
Judge Eduardo Rodriguez of the United States Bankruptcy Court for
the Southern District of Texas, Houston Division, ordered that a
Chief Restructuring Officer should be appointed in the Chapter 11
cases of Ironside, LLC, and its debtor-affiliates.

On February 3, 2022, First Financial Bank, N.A. filed a "Motion for
Status Conference Regarding Unauthorized Sale of Property."

Ironside LLC's December 2020 Monthly Operating Report reflects sale
of a Stratasys 900MC 3D printer for $165,000. On July 1, 2021,
Ironside LLC wired $165,000 from its DIP account to First Financial
Bank, N.A. Ironside LLC's January 2021 MOR reflects the sale of
mini mill for $12,000. Exhibit C of the MOR discloses a deposit of
$12,000 into the Debtors' DIP account on January 22, 2021, labeled
"proceeds from sale of mini mill."

Ironside LLC admits that neither the sale of the printer nor the
sale of the mini mill was in the ordinary course of business. Thus,
Ironside LLC was required to adhere to 11 U.S.C. Section 363(b)(1)
and Federal Rule of Bankruptcy Procedure 6004(a); Ironside LLC
failed to do so, Judge Rodriguez points out. The sale of the
printer was not brought to the Court's attention until February 3,
2022, by First Financial Bank's Motion and the sale of the mini
mill was not brought to the Court's attention until the February 8,
2022 hearing by Lubchem, Inc.

The Court finds it in the best interest of the Debtors' bankruptcy
estates to appoint a chief restructuring officer. Accordingly,
Judge Rodriguez appointed Deirdre Carey Brown as CRO for the
Debtors.  The CRO is vested with the powers to investigate,
oversee, manage and direct the acts, conduct, assets, liabilities,
and financial condition of the Debtors, the operation of the
Debtors' business and the desirability of the continuance of such
business, and any other matter relevant to the case or to the
formulation of a plan.

Judge Rodriguez also ordered that First Financial Bank is entitled
reasonable and necessary attorneys' fees for work related to filing
and prosecuting its Motion for Status Conference Regarding
Unauthorized Sale of Property, including work related to the
Court's Order to Show Cause.

A full-text copy of Judge Rodriguez's Memorandum Opinion and Order
dated February 18, 2022, is available at
https://tinyurl.com/ycr54yct from Leagle.com.

              About Ironside LLC

Ironside, LLC -- https://ironsidemfg.com/ -- designs and builds a
line of thru-tubing mud motors and other components for the
oilfield industry.  Its products include bearings, transmissions,
components, motors, agitator, and dual flapper valve.

Ironside, LLC and its affiliate, Ironside Lubricants, LLC, filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-34222) on Aug.
20, 2020.  Randy Riney, managing member, signed the petitions.  At
the time of the filing, Ironside, LLC disclosed estimated assets of
$1 million to $10 million and estimated liabilities of $500,000 to
$1 million.

Judge Eduardo V. Rodriguez oversees the cases.  Pendergraft &
Simon, LLP serves as the Debtors' legal counsel.


JC STRENGTH: Plan and Disclosure Statement Due July 5
-----------------------------------------------------
Judge James R. Sacca has entered an order that the JC Strength &
Conditioning, Inc.'s time period to file a small business Plan and
Disclosure Statement are extended through July 5, 2022.

Attorneys for the Debtor:

     William A. Rountree, Esq.
     Benjamin R. Keck, Esq.
     Elizabeth A. Childers, Esq.
     ROUNTREE LEITMAN & KLEIN, LLC
     Century Plaza I, 2987 Clairmont Road, Suite 350
     Atlanta, Georgia 30329
     Tel: (404) 584-1238
     E-mail: wrountree@rlklawfirm.com
             bkeck@rlklawfirm.com
             echilders@rlklawfirm.com

               About JC Strength & Conditioning

Established in 2008, JC Strength & Conditioning, Inc., is in the
health and fitness business.

JC Strength & Conditioning filed a voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
20-21528) on Nov. 12, 2020.  The petition was signed by Justin
Tway, president.  At the time of the filing, the Debtor disclosed
total assets of $1,354,709 and total liabilities of $1,353,796.
Judge James R. Sacca presides over the case.  The Debtor is
represented by Rountree Leitman & Klein, LLC.


JPA NO. 111: Auction of 2 Airbus A350-941 Aircrafts Set for March 8
-------------------------------------------------------------------
Judge David S. Jones of the U.S. Bankruptcy Court for the Southern
District of New York authorized JPA No. 111 Co., Ltd., and JPA No.
49 Co., Ltd.'s bidding procedures in connection with the sale of
Airbus A350-941 aircraft bearing MSN 067 to Capitol Reef LLC, and
Airbus A350-941 aircraft bearing MSN173 to Isle Royale LLC, and
related property, including (without limitation) leasehold assets,
subject to overbid.

The Stalking Horse Bidders have submitted a Base Purchase Price for
the Purchased Assets in an amount equal to the Senior Secured
Obligations and the Junior Secured Obligations and an Additional
Cash Payment of $5 million. The Debtors estimate that the total
Base Purchase Price equaled $207,741,763.53 as of the Petition
Date.

A hearing on the Motion was held on Feb. 4, 2022.

The Bid Protections as set forth in the Stalking Horse Purchase
Agreement, and the provisions of the Stalking Horse Purchase
Agreement relating thereto, are approved.  The Debtors will pay the
Break-Up Fee and the Expense Reimbursement to the Stalking Horse
Bidders to the extent due and payable under the Stalking Horse
Purchase Agreement in accordance with the terms thereof.

The Sale Notice is approved. As soon as reasonably practicable, but
in no event later than the third Business Day after entry of this
Bidding Procedures Order, the Debtors (or their agent) will serve
the Sale Notice upon the Sale Notice Parties.

The Assumption and Assignment Procedures are approved.

The Debtors are authorized to take the necessary steps under
applicable law to effectuate the Enforcement Actions. The
Enforcement Notices are approved and will be served on the
Enforcement Notice Parties consistent with applicable law.   

The Cure Objection Deadline is March 2, 2022, at 2:00 p.m. (ET).
The Debtors will file a notice with the Court listing the Assigned
Contracts, if any, that the Debtors have determined not to assume,
prior to the Sale Hearing.  

The Bid Deadline is March 7, 2022, at noon (ET). The Minimum Bid is
(a) the Base Purchase Price plus (b) the Minimum Overbid Amount
plus (c) the Break-Up Fee plus (d) the Expense Reimbursement. The
Deposit is 10% of the purchase price.

Any Bid asserted by a Potential Bidder who asserts Credit Biding
Rights must contain a cash component as part of its Bid at least
equal to the sum of the following: (i) Minimum Overbid Amount plus
(ii) the Break-Up Fee plus (iii) the Expense Reimbursement, plus
(iv) the amount of the Additional Cash Payment; plus (v) the amount
of any Secured Obligations that were not part of the credit bid
component of the Bid.

The Auction is scheduled for 10:00 a.m. (ET) on March 8, 2022, to
be conducted virtually through a Zoom link that will be made
available to Qualified Bidders or at another place and time
designated by the Debtors in a prior written notice emailed to all
Qualified Bidders. The Bid Increment is $500,000.

The Sale Objection Deadline is noon (ET) on March 10, 2022. The
Sale Hearing will be at 11:00 a.m. (ET) on March 14, 2022. Those
wishing to appear before the Court at the Sale Hearing must
register their appearance utilizing the Electronic Appearance
portal located at the Court's website:
https://ecf.nysb.uscourts.gov/cgi-bin/nysbAppearances.pl.
Appearances must be entered no later than 4:00 p.m. (ET) on March
11, 2022.

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 of and conditions of the Bidding Procedures
Order shall be immediately effective and enforceable upon its
entry, and any applicable stay of the effectiveness and
enforceability of this Bidding Procedures Order is waived.  

AA copy of the Bidding Procedures is available at
https://tinyurl.com/2p9avj36 from PacerMonitor.com free of charge.

              About JPA No. 111 and JPA No. 49

Tokyo-based JPA No. 111 Co., Ltd., and its subsidiary JPA No. 49
Co., Ltd., filed a Chapter 11 Petition (Bankr. S.D.N.Y., Case No.
21-12075) on December 17, 2021.  The Debtors are special purpose
vehicles wholly owned by JP Lease Products & Services Co. Ltd.,
which offers financial services based on a financial scheme
combining the borrowings from financial institutions and funds to
manage valuable assets including aircraft, ships, containers for
maritime transportation, and solar power generation equipment,
which is a direct wholly owned subsidiary of JIA. JIA, in turn,
creates and sells unique financial instruments to investors that
consist of small and medium enterprises in Japan through a network
of financial institutions, including banks and securities
companies, and tax and accounting firms.

The case is assigned to Hon. David S. Jones.

The Debtor's counsel is Kyle J. Ortiz, Esq., Bryan M. Kotliar,
Esq., Amy M. Oden, Esq., and Amanda C. Glaubach, Esq., at Togut,
Segal & Segal LLP, in New York.

The Debtors had estimated liabilities of $100 million to $500
million.

The petition was signed by Teiji Ishikawa, representative
director.



JPA NO. 111: Auction of Substantially All Assets Set for March 8
----------------------------------------------------------------
Judge David S. Jones of the U.S. Bankruptcy Court for the Southern
District of New York issued an Amended Order authorizing JPA No.
111 Co., Ltd., and JPA No. 49 Co., Ltd.'s bidding procedures in
connection with the sale of Airbus A350-941 aircraft bearing MSN
067 to Capitol Reef LLC, and Airbus A350-941 aircraft bearing
MSN173 to Isle Royale LLC, and related property, including (without
limitation) leasehold assets, subject to overbid.

The Stalking Horse Bidders have submitted a Base Purchase Price for
the Purchased Assets in an amount equal to the Senior Secured
Obligations and the Junior Secured Obligations and an Additional
Cash Payment of $5 million. The Debtors estimate that the total
Base Purchase Price equaled $207,741,763.53 as of the Petition
Date.

A hearing on the Motion was held on Feb. 4, 2022.

The Bid Protections as set forth in the Stalking Horse Purchase
Agreement, and the provisions of the Stalking Horse Purchase
Agreement relating thereto, are approved. The Debtors will pay the
Break-Up Fee and the Expense Reimbursement to the Stalking Horse
Bidders to the extent due and payable under the Stalking Horse
Purchase Agreement in accordance with the terms thereof.

The Sale Notice is approved. As soon as reasonably practicable, but
in no event later than the third Business Day after entry of this
Bidding Procedures Order, the Debtors (or their agent) will serve
the Sale Notice upon the Sale Notice Parties.

The Assumption and Assignment Procedures are approved.

The Debtors are authorized to take the necessary steps under
applicable law to effectuate the Enforcement Actions. The
Enforcement Notices are approved and will be served on the
Enforcement Notice Parties consistent with applicable law.   

The Cure Objection Deadline is March 2, 2022, at 2:00 p.m. (ET).
The Debtors will file a notice with the Court listing the Assigned
Contracts, if any, that the Debtors have determined not to assume,
prior to the Sale Hearing.  

The Bid Deadline is March 7, 2022, at noon (ET). The Minimum Bid is
(a) the Base Purchase Price plus (b) the Minimum Overbid Amount
plus (c) the Break-Up Fee plus (d) the Expense Reimbursement. The
Deposit is 10% of the purchase price.

Any Bid asserted by a Potential Bidder who asserts Credit Biding
Rights must contain a cash component as part of its Bid at least
equal to the sum of the following: (i) Minimum Overbid Amount plus
(ii) the Break-Up Fee plus (iii) the Expense Reimbursement, plus
(iv) the amount of the Additional Cash Payment; plus (v) the amount
of any Secured Obligations that were not part of the credit bid
component of the Bid.

The Auction is scheduled for 10:00 a.m. (ET) on March 8, 2022, to
be conducted virtually through a Zoom link that will be made
available to Qualified Bidders or at another place and time
designated by the Debtors in a prior written notice emailed to all
Qualified Bidders. The Bid Increment is $500,000.

The Sale Objection Deadline is noon (ET) on March 10, 2022. The
Sale Hearing will be at 11:00 a.m. (ET) on March 14, 2022. Those
wishing to appear before the Court at the Sale Hearing must
register their appearance utilizing the Electronic Appearance
portal located at the Court's website:
https://ecf.nysb.uscourts.gov/cgi-bin/nysbAppearances.pl.
Appearances must be entered no later than 4:00 p.m. (ET) on March
11, 2022.

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 of and conditions of the Bidding Procedures
Order will be immediately effective and enforceable upon its entry,
and any applicable stay of the effectiveness and enforceability of
this Bidding Procedures Order is waived.  

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

              About JPA No. 111 and JPA No. 49

Tokyo-based JPA No. 111 Co., Ltd., and its subsidiary JPA No. 49
Co., Ltd., filed a Chapter 11 Petition (Bankr. S.D.N.Y., Case No.
21-12075) on December 17, 2021.  The Debtors are special purpose
vehicles wholly owned by JP Lease Products & Services Co. Ltd.,
which offers financial services based on a financial scheme
combining the borrowings from financial institutions and funds to
manage valuable assets including aircraft, ships, containers for
maritime transportation, and solar power generation equipment,
which is a direct wholly owned subsidiary of JIA. JIA, in turn,
creates and sells unique financial instruments to investors that
consist of small and medium enterprises in Japan through a network
of financial institutions, including banks and securities
companies, and tax and accounting firms.

The case is assigned to Hon. David S. Jones.

The Debtor's counsel is Kyle J. Ortiz, Esq., Bryan M. Kotliar,
Esq., Amy M. Oden, Esq., and Amanda C. Glaubach, Esq., at Togut,
Segal & Segal LLP, in New York.

The Debtors had estimated liabilities of $100 million to $500
million.

The petition was signed by Teiji Ishikawa, representative
director.



JUST RELAX: $9.5K Sale of Personal Property to Spring Hill OK'd
---------------------------------------------------------------
Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Just Relax Massage and Spa, LLC's
sale of personal property, as described in the Asset Purchase
Agreement, to Spring Hill Town Center, LLC for $9,500, to be paid
by way of credit bid against the Buyer's allowed administrative
expense claim.

A hearing on the Motion was held on Jan. 31, 2022.

The sale of the Personal Property is on an "as is, where is" basis,
without representations or warranties, free and clear of any and
all liens and interests.

SHTC is authorized to exercise its rights in the Personal Property
and the premises located at 3206 Aerial Way, in Brooksville,
Florida 34604, at which the Personal Property was stored, including
but not limited to the disposition of the Personal Property and
reletting such premises, notwithstanding the automatic stay imposed
by 11 U.S.C. Section 362, to the extent applicable.

                 About Just Relax Massage and Spa

Just Relax Massage and Spa, LLC filed a petition for Chapter 11
protection (Bankr. M.D. Fla. Case No. 21-04234) on Aug. 13, 2021,
listing up to $50,000 in assets and up to $500,000 in liabilities.
Judge Caryl E. Delano oversees the case.

Joseph A. Pack, Esq., at Pack Law, and Suncoast CPA Group, PLLC
serve as the Debtor's legal counsel and accountant, respectively.



KAR AUCTION: Moody's Puts 'B2' CFR Under Review for Upgrade
-----------------------------------------------------------
Moody's Investors Service placed the ratings of wholesale used
vehicle auction company KAR Auction Services, Inc on review for
upgrade, including the B2 corporate family rating, the B2-PD
probability of default rating, the Ba3 senior secured rating and
the Caa1 senior unsecured rating. KAR's outlook was changed to
ratings under review, from stable. These actions follow KAR's
announcement that it agreed to sell its US physical auction
business to Carvana, Inc. for $2.2 billion in cash. The transaction
is expected to close in the second quarter of 2022. The SGL-1
speculative grade liquidity rating remains unchanged.

The proceeds of the sale will significantly reduce the amount of
funded debt and related interest cost. However, the possibility of
a rating upgrade may be limited by the company's reliance on a
sizeable receivable securitization program, which Moody's views as
debt and results in still very high adjusted leverage. Pro forma
for the transaction, Moody's estimates debt/EBITDA to be 6.5 times,
compared to 8.5 times at year-end 2021. Therefore, Moody's review
will focus on: (i) KAR's strategy to transform its auction business
to a digital-only wholesale remarketing model, the digital
platforms that KAR acquired in the last 18 months to establish a
presence in the digital auction segment, as well as the competitive
environment for digital marketplaces; (ii) the relative earnings
and cash flow contributions of the remaining auction and floor plan
financing operations, and the still high adjusted debt levels;
(iii) the impact of the planned $1.65 billion debt reduction on
KAR's capital structure, including the shift in relative
proportions of secured and unsecured debt, and the ensuing impact
on instrument ratings using Moody's loss-given-default model,
including the possibility of lower recovery prospects for secured
debt as a result of the sale of a significant part of KAR's
operations; (iv) the potential for additional acquisitions and
related impact on financial leverage.

The following rating actions were taken:

On Review for Upgrade:

Issuer: KAR Auction Services, Inc

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

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

Senior Secured Bank Credit Facility, Placed on Review for Upgrade,
currently Ba3 (LGD2)

Senior Unsecured Regular Bond/Debenture, Placed on Review for
Upgrade, currently Caa1 (LGD5)

Outlook Actions:

Issuer: KAR Auction Services, Inc

Outlook, Changed To Rating Under Review From Stable

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

Prior to the transaction and the review of the ratings, KAR's B2
corporate family rating reflected the company's leading position in
the North American wholesale used vehicle auction industry. A deep
network of established relationships with institutional sellers,
fleet managers and dealers underpins KAR's market presence. The
sale of KAR's physical auction business in the US allows KAR to
focus on its strategy to transform its operations to a digital-only
wholesale remarketing model. However, KAR's transformation remains
at an early stage, while KAR also has to contend with competition
in the digital marketplace segment from both well-established used
vehicle auction services providers and new online entrants.

KAR's mid-teens EBITA margin is attractive. However, the margin is
boosted by KAR's very profitable floor plan financing business.

Moody's expects liquidity to remain very good (SGL-1), largely
attributable to strong free cash flow and about $300 million of
availability under the revolving credit facility.

The ratings could be upgraded if Moody's expects sustained strong
organic growth at or above mid-single digit rates, supporting KAR's
competitive position against digital disruption and decelerating
off-lease trends. Other considerations for an upgrade include
debt/EBITDA (including collateralized obligations) sustained below
5.5 times and free cash flow/debt (including collateralized
obligations) above 6.0%, while maintaining financial policies; and
good liquidity.

The ratings could be downgraded if revenue or EBITA margin becomes
pressured due to auction volumes remaining depressed, increased
competition or a protracted integration of acquired digital auction
platforms. The ratings could also be downgraded if debt/EBITDA
(including collateralized obligations) is expected to increase to 7
times or more, free cash flow/debt (including collateralized
obligations) is anticipated to be less than 3%, or if liquidity
deteriorates.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.

KAR Auction Services, Inc. is a leading provider of used vehicle
auction and related vehicle remarketing services in North America
and Europe. The company provides used car auction services through
its wholly owned subsidiary, ADESA, Inc ("ADESA"), and short-term
floor plan financing to independent dealers through its wholly
owned subsidiary, Automotive Finance Corporation ("AFC"). Revenue
was $2.3 billion in 2021.


KERWIN BURL STEPHENS: Thunderbird's Sale of Leased Properties OK'd
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized Thunderbird Oil & Gas, LLC, an affiliate of Kerwin Burl
Stephens, to sell interest in the following Leased Properties: (a)
the Deaton Lease, (b) the Wilson-Hittson Lease, and (c) the
Dooley-Caudill Lease, to Amen Oil, LLC.

The Buyer will assume all liability for all wells located on the
Lease Property as consideration for assignment of all Lease
Properties and the wells located thereon with Railroad Commission
Numbers as shown.

Thunderbird, along with certain other parties, own rights in and to
oil and gas leases and associated real and personal property
located in Palo Pinto County and Stephens County, Texas, known as
the Deaton Lease, the Wilson-Hittson Lease, and the Dooley-Caudill
Lease. The Lease Properties include but are not limited to oil and
gas leases, rights of way, surface equipment, wells, easements and
other forms of property.

The Debtor is authorized to sell the Leased Properties to the Buyer
in accordance with the terms of the Purchase and Sale Agreement.

The sale of the Leased Properties to the Buyer will be free and
clear of all liens, claims, encumbrances, and other interests,
which such claims, encumbrances, interests, lien, including
judgment liens or abstracts of judgment held, filed or recorded by
the Respondent and/or Judgment Creditors will attach to the
retained overriding royalty interest and the proceeds of the sale
of the Leased Properties.

The stay imposed under Bankruptcy Rule 6004(h) will not apply to
the Order.

Kerwin Burl Stephens sought Chapter 11 protection (Bankr. N.D.
Tex.
Case No. 21-40817) on April 7, 2021.  The Debtor tapped J.
Forshey,
Esq., as counsel.



LEATHERWOOD MARINA: Taps Michelle Ash of Simply Marinas as Broker
-----------------------------------------------------------------
Leatherwood Marina and Resort, LLC seeks approval from the U.S.
Bankruptcy Court for the Middle District of Tennessee to employ
Michelle Ash, a broker at Simply Marinas, to market and sell its
real property.

The broker will receive a commission equal to 3 percent of the
gross sale proceeds.

Ms. Ash disclosed in a court filing that her firm does not have
adverse interests to the Debtor, the bankruptcy estate, creditors
or other parties-in-interest.

Ms. Ash can be reached at:

     Michelle Ash
     Simply Marinas
     4000 Ponce de Leon
     Coral Gables, FL 33146
     Phone: +1 305-439-9581
     Email: ash1@simplymarinas.com

                About Leatherwood Marina and Resort

Leatherwood Marina and Resort, LLC, a company that operates a
resort hotel business, filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
22-00301) on Feb. 1, 2022. In its petition, the Debtor disclosed
$3,383,391 in assets and $1,738,500 in liabilities. Scott Walin,
managing member, signed the petition.

Judge Randal S. Mashburn oversees the case.

Steven L. Lefkovitz, Esq., at Lefkovitz & Lefkovitz represents the
Debtor as legal counsel.


LORDSTOWN MOTORS: KPMG Issues Going Concern Doubt Warning
---------------------------------------------------------
KPMG LLP in New York warned in a recent regulatory filing with the
Securities and Exchange Commission that there is substantial doubt
about Lordstown Motors Corp.'s ability to continue as a going
concern.

"The Company does not have sufficient liquidity to fund commercial
scale production and the launch of sale of its electric vehicles
which raises substantial doubt about its ability to continue as a
going concern," KPMG said in its Audit Report dated February 28,
2022, filed together with the Company's Annual Report on Form 10-K
for the fiscal year ended December 31, 2021.

Lordstown Motors, an electric vehicle manufacturer, contemplates
building a limited number of pre-production vehicles in the first
half of 2022 for testing, certification and to demonstrate the
capabilities of the Endurance to potential customers. "We expect
commercial production and sales to begin in the third quarter of
2022. While conducting these activities, and for the foreseeable
future, we will incur significant operating expenses, capital
expenditures and working capital funding that will deplete our cash
on hand. Absent any material delays, we anticipate that we have
sufficient funds to close the Foxconn Transactions and receive the
proceeds as contemplated by the Asset Purchase Agreement. However,
we will be required to raise additional capital in order to execute
our business plan well in advance of reaching commercial production
of the Endurance. The proceeds contemplated in the Asset Purchase
Agreement will not be sufficient for these purposes.  In addition,
the closing of the APA remains subject to certain conditions, and
if the transaction does not close, we will be required to repay the
down payments made by Foxconn and it is unlikely we will have
funding available to do so," the Company said.

"In 2021, our research and development expenses and capital
expenditures increased significantly over 2020 levels to build
capacity and invest in the development of the Endurance. The costs
are significant due to spending needed for prototype components,
vehicle validation tests, securing necessary parts/equipment, and
utilizing in-house and third-party engineering services. Increased
spending was also due in part to the stress that the COVID-19
pandemic put on the global automotive supply chain and a strategic
decision to bring development of certain components, such as the
frame of the Endurance, in-house.  We expect continued supply chain
constraints and pricing pressure that may negatively impact our
cost structure and production timeline.

"In addition, in order to secure adequate supply of battery cells,
we have an agreement with a certain supplier that obligates us to
purchase a minimum volume estimated to be $16.3 million in 2022,
subject to change for fluctuations in raw material pricing.

Lordstown Motors had cash and cash equivalents of approximately
$244.0 million as of December 31, 2021, an accumulated deficit of
$544.8 million at December 31, 2021 and a net loss of $410.4
million for the year ended December 31, 2021. "Our ability to
continue as a going concern is dependent on our ability to raise
the necessary capital, complete the development of our electric
vehicles, obtain regulatory approval, begin commercial scale
production and launch the sale of such vehicles," Lordstown Motors
said.

"We believe that our current level of cash and cash equivalents is
not sufficient to fund commercial scale production and the launch
of sale of such vehicles. These conditions raise substantial doubt
regarding our ability to continue as a going concern for a period
of at least one year from the date of issuance of the consolidated
financial statements included in this report.

"In an effort to alleviate these conditions, management continues
to seek and evaluate opportunities to raise additional funds
through the issuance of equity or debt securities, asset sales,
arrangements with strategic partners or through obtaining financing
from government or financial institutions. We have engaged a
financial advisor to advise the Company on additional financing
alternatives.

"As part of our funding efforts, on July 23, 2021, the Company
entered into the Equity Purchase Agreement with [YA II PN, LTD.],
pursuant to which YA has committed to purchase up to $400 million
of our Class A common stock, at our direction from time to time,
subject to the satisfaction of certain conditions.  During the year
ended December 31, 2021, we issued 9.6 million shares to YA and
received $49.4 million cash, net of equity issuance costs.

"The actual amount that we raise under the Equity Purchase
Agreement will depend on market conditions and other financing
alternatives that we are exploring, as well as limitations in the
agreement.  In particular, at current market prices of our shares
of Class A common stock, without stockholder approval, the Exchange
Cap provision would limit the amount of shares we can issue to 35.1
million shares, and therefore limit funds we are able to raise to
significantly less than the $400 million commitment under the
Equity Purchase Agreement.  As of December 31, 2021, we were in
compliance with the terms and conditions of the Equity Purchase
Agreement and the remaining availability under the Equity Purchase
Agreement was $350 million which is subject to certain limitations
as described above and in Note 7 of the consolidated financial
statements.

"On November 10, 2021, we entered into the APA with Foxconn,
pursuant to which Foxconn would purchase the Lordstown facility for
$230 million and a reimbursement payment for certain operating and
expansion costs incurred by us from September 1, 2021 through the
closing. We would continue to own our hub motor assembly line, as
well as our battery module and packing line assets, certain
intellectual property rights and other excluded assets. Foxconn has
made down payments of the purchase price of $100 million on
November 18, 2021 and $50 million on January 28, 2022. Foxconn is
required to make an additional down payment of $50 million no later
than April 15, 2022, subject to certain conditions.  The balance of
the purchase price, along with reimbursement of certain operating
and expansion costs would be paid at closing.  We are required to
maintain minimum cash balances of $50 million through March 1, 2022
and $30 million thereafter. In connection with the closing, the
Company will issue warrants to Foxconn that are exercisable until
the third anniversary of the closing for 1.7 million shares of
Class A common stock at an exercise price of $10.50 per share.

"If the APA is terminated or if the transaction does not close
prior to the later of (i) April 30, 2022 and (ii) 10 days after the
transaction is cleared by [the Committee on Foreign Investment in
the United States], we are obligated to repay the down payments to
Foxconn. We have granted Foxconn a first priority security interest
in substantially all of our assets to secure the repayment
obligation. The APA is subject to several conditions and has not
been consummated as of the date of the filing of this report. No
assurance can be made that it will ultimately be consummated on the
terms contemplated, or at all.

"In addition to providing the Company near term funding, the
Foxconn Transactions should provide the benefits of scaled
manufacturing, more cost-effective access to certain raw materials,
components and inputs, and reduced overhead costs associated with
the Lordstown facility borne by the Company. We are also exploring
other potential agreements with Foxconn that would establish a
joint product development agreement for future MIH-based vehicles
and an appropriate funding structure. No assurance can be made that
the joint product development agreement, an appropriate funding
structure or other potential agreements would ultimately be entered
or consummated on the terms contemplated, or at all."

Lordstown, Ohio-based Lordstown Motors Corp. is a light duty
original equipment manufacturer focused solely on electric vehicles
for commercial fleet customers.  As of Dec. 31, 2021, the Company
had $688.7 million in total assets against $149.2 million in total
liabilities.


LOVELAND CLASSICAL: S&P Raises 2016 Revenue Bond Rating to 'BB+'
----------------------------------------------------------------
S&P Global Ratings raised its long-term rating on the Colorado
Educational & Cultural Facilities Authority's series 2016 charter
school revenue bonds, issued for Loveland Classical Schools (LCS),
to 'BB+' from 'BB'. The outlook is stable.

"The upgrade reflects our opinion of the school's strengthened
enrollment and demand profile, with several years of consistent
enrollment growth, contributing to healthy operational surplus and
consistent improvement in maximum annual debt service coverage,"
said S&P Global Ratings credit analyst Amber Schafer. The school's
liquidity position also continues to improve.

S&P said, "Social risk for the sector remains elevated as a result
of health and safety risks posed by the COVID-19 pandemic, and we
have considered this under our environmental, social, and
governance factors, given the unknown effect the pandemic could
have on enrollment should the mode of instruction change. However,
we note that LCS has successfully navigated the pandemic to date,
with healthy enrollment increases in fall 2020 and 2021, which we
believe reflects the school's strong academic niche. Despite the
elevated social risk, the school's environmental and governance
risk are in line with our view of the sector as a whole.

"We could take a positive rating action over time if the school
continues to demonstrate a trend of maximum annual debt service
(MADS) coverage consistently comparable with higher-rated peers,
absent one-time federal funding, while maintaining healthy
liquidity and stable enrollment and demand.

"We could consider a negative rating action if the school's demand
profile and enrollment were to deteriorate, if operating
performance and lease-adjusted MADS coverage were to weaken
materially, or if cash on hand were to decrease to a level we
consider inconsistent with the rating."



LSB INDUSTRIES: Swings to $43.5 Million Net Income in 2021
----------------------------------------------------------
LSB Industries, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing net income of
$43.54 million on $556.24 million of net sales for the year ended
Dec. 31, 2021, compared to a net loss of $61.91 million on $351.32
million of net sales for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $1.13 billion in total assets,
$104.93 million in total current liabilities, $518.19 million in
long-term debt, $19.57 million in noncurrent operating lease
liabilities, $3.03 million in other noncurrent accrued and other
liabilities, $26.63 million in deferred income taxes, and $460.49
million in total stockholders' equity.

"We delivered record results and substantial growth in net sales
and adjusted EBITDA in both the fourth quarter and full-year 2021,"
stated Mark Behrman, LSB Industries president and CEO.  "Our strong
performance reflects a confluence of positive factors including
favorable trends in product selling prices coupled with our ability
to operate our facilities reliably, along with the benefits of our
successful commercial initiatives over the past several years.  We
believe that given the current favorable grain prices, and the
expectation that they will continue throughout 2022, combined with
crop inventories at multi-year lows, farmer income will remain
robust supporting strong pricing for the year."

Mr. Behrman continued, "With the free cash flow generated in 2021,
our significantly lower cost of capital and greater liquidity
following our October 2021 debt refinancing, we are extremely
excited to have the financial flexibility to pursue a number of
earnings and cash flow growth opportunities.  In addition, in 2022
we will intensify our focus on planning and implementing our
decarbonization activities including the production of low
carbon/no carbon ammonia and expect to have an announcement
regarding our path forward on these initiatives in the coming
months."

            Financial Position and Capital Expenditures

As of Dec. 31, 2021, the Company's total liquidity was
approximately $143 million, including $82.1 million in cash and
approximately $61.3 million of borrowing availability under its
Working Capital Revolver.  Total liquidity today exceeds $180
million.  Total long-term debt, including the $9.5 million current
portion, was $527.6 million on Dec. 31, 2021 compared to $484.2
million on Dec. 31, 2020.

Interest expense for the fourth quarter of 2021 was $11.8 million
compared to $12.6 million for the same period in 2020.  On Oct. 14,
2021 the Company closed on an offering of $500 million of senior
secured notes due 2028, bearing an interest rate of 6.250%.  The
proceeds of this offering were used to redeem the Company's $435
million of 9.625% senior notes that were due to mature in 2023,
with the balance being used to enhance the liquidity of its balance
sheet and for general corporate purposes.  The Company's fourth
quarter 2021 interest expense reflects higher costs associated with
the refinance of its 9.625% senior secured notes.  Going forward,
the Company expects its quarterly interest expense on its current
debt to be approximately $9.2 million.

Capital expenditures were approximately $35.1 million for the full
year of 2021.  For the full year 2022, total capital expenditures
related to environmental, health and safety and plant investments
are expected to be approximately $50 million with another $15
million earmarked for identified growth initiatives.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/60714/000156459022006694/lxu-10k_20211231.htm

                       About LSB Industries

Headquartered in Oklahoma City, Oklahoma, LSB Industries, Inc. --
http://www.lsbindustries.com-- manufactures and sells chemical
products for the agricultural, mining, and industrial markets.  The
Company owns and operates facilities in Cherokee, Alabama, El
Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a
global chemical company in Baytown, Texas.  LSB's products are sold
through distributors and directly to end customers throughout the
United States.

LSB reported a net loss of $61.91 million in 2020, a net loss of
$63.42 million in 2019, and a net loss of $72.23 million in 2018.
As of June 30, 2021, the Company had $1.05 billion in total assets,
$95.32 million in total current liabilities, $461.46 million in
long-term debt, $20.28 million in noncurrent operating lease
liabilities, $7.37 million in other noncurrent accrued and other
liabilities, $31.2 million in deferred income taxes, $292.85
million in redeemable preferred stocks, and $141.02 million in
total stockholders' equity.

                           *   *   *

This concludes the Troubled Company Reporter's coverage of LSB
Industries until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


MACY'S INC: S&P Hikes ICR to 'BB' on Strong Performance Recovery
----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on New
York-based department store Macy's Inc. to 'BB' from 'BB-'.
Concurrently, S&P raised its ratings on the company's second-lien
debt to 'BBB-' from 'BB+' and on the unsecured notes to 'BB' from
'BB-', with recovery ratings on debt unchanged at '1' and '4',
respectively.

The positive outlook reflects that S&P could raise its rating if
Macy's continues to successfully execute its Polaris strategy as
the retail environment normalizes and the company extends its
operating performance record over the next 12 months.

The upgrade reflects strengthened operating results and reduced
leverage, although S&P expects performance will moderate in 2022
given the persistent inflationary environment. Macy's reported
strong results for the fiscal fourth quarter and full year ended
Jan. 29, 2022, with both comps and gross margin up a healthy amount
relative to 2019. The company's S&P Global Ratings-adjusted EBITDA
margin rose sharply to 14.6% from 10.1% in 2019, benefiting from
sales leverage and a less-promotional environment. It also reflects
Macy's successful execution on its Polaris strategy, including
inventory optimization, enhanced digital capability and merchandise
offering, and a $900 million reduction in sales, general and
administrative costs.

In addition, Macy's has actively managed its capital structure and
reduced debt substantially, including redeeming its $1.3 billion
first-lien secured notes in full using balance sheet cash in August
2021. Solid operating performance, as well as efficient working
capital management and still-moderated capital spending, in
addition to a one-time tax benefit of about $580 million, fueled
more than $2 billion of free operating cash flow (FOCF) generation
in fiscal 2021.

S&P said, "Still, we expect margin trends to reverse somewhat in
2022 as the general retail environment returns to more promotions,
supply chain challenges persist most of the year, and cost
pressures are amplified by high inflation and wage increases. We
also expect capital expenditure will increase significantly in 2022
and 2023, as the company accelerates its investments, especially on
omni and digital capabilities. Macy's also announced a dividend
increase and a new $2 billion share repurchase program. As such, we
forecast an EBITDA decline of about 18% in fiscal 2022 and FOCF
drop to about $900 million. We also expect Macy's will maintain a
conservative financial policy and use internally generated cash to
fund shareholders initiatives, supporting adjusted debt to EBITDA
below 2x. As a result, we revised our financial risk profile score
to intermediate from significant."

Accelerated growth toward online shopping and new customer
acquisition present opportunities to recapture sales and shares
while an industry headwind remains. S&P said, "We expect Macy's
will continue its fleet transformation, with a focus on
right-sizing stores (both in terms of the number and the size of
stores), investing in omnichannel, expanding Backstage and testing
other smaller, off-mall formats. We think Macy's could expedite or
expand its previously announced smaller off-mall Market by Macy's
while thoughtfully repurposing the square footage within its
existing fleet, as the company is revisiting its previously
announced plan on its store closure." Digital penetration decreased
to about 35% of net sales from about 44% in 2020 as store sales
recovered. However, it still represents a 10-percentage points
increase over 2019 (about 25%) as the company boosted its
omnichannel capabilities, including enhanced buy online, pick-up in
store, and curbside pickup. Macy's cited an influx of about 19.4
million new customers, about 26% more than 2019 levels, and an
opportunity to capture market share, particularly in digital. In
addition, Macy's Backstage continues to be a growth opportunity in
the favorable off-price segment, whose value proposition will
continue to resonate with consumers.

S&P said, "Still, our longer-term view is that changing consumer
preferences will be difficult to navigate. Declining mall traffic,
shifting category preferences, and online price transparency are
persistent risks for Macy's business. We envision that continuing
shift toward online purchases, amplified by unrelenting
competition, could lead to lower traffic at brick-and-mortar
locations and persistent sales headwinds.

"The Polaris strategy and additional cost initiatives boosted
Macy's recent margin gain, but future execution risk remains. We
believe continued successful execution of the Polaris strategy is
essential to preserving profitability and counterbalancing a
sustained top-line pressure. We expect continued progress on key
operating strategies, with ongoing efforts around full price
penetration, optimized delivery expense, and efficient working
capital management, will support EBITDA margin maintaining somewhat
higher than the 10% pre-pandemic level. We believe the company's
newly launched initiatives such as Macy's and Bloomingdales'
Digital Market Places and small-store format can contribute to
further margin enhancement if implemented successfully. Key risks
to our forecast include a lower-than-anticipated consumer spending
in the face of inflationary pressure, inventory and supply chain
challenges, execution issues regarding the Polaris strategy,
still-elevated exposure to mall traffic and heightened competition.
As such, we apply a negative comparable rating modifier as we
believe it captures its weaker holistic standing in relation to
'BB+' rated peers.

"The positive outlook reflects that we could raise our rating in
the next 12 months if Macy's continues to execute its Polaris
strategy and extends its good operating performance record."

S&P could raise the ratings if:

-- Successful execution of its Polaris strategy results in an
expansion of the operating record and performance in line with its
base-case expectations, including gaining traction in growth
initiatives and S&P Global Ratings-adjusted EBITDA margins
remaining at about 12% or higher; and

-- S&P would also expect the company to maintain its conservative
financial policy, supporting adjusted leverage comfortably below
3x.

S&P could revise the outlook to stable from positive if:

-- A worsening macro environment or operational misstep causes
weaker performance compared with S&P's base case, resulting in
EBITDA margin meaningfully below 12%; or

-- The company shifts to a more aggressive financial policy.

ESG credit indicator: E2 S2 G2



MANN'S WORLD: Trustee's May 13-15 Auction of Revolving Cannon OK'd
------------------------------------------------------------------
Judge James P. Smith of the U.S. Bankruptcy Court for the Middle
District of Georgia authorized Joy R. Webster, Trustee of Mann's
World, LLC, to sell one Michael B. Suchka Hotchkiss Revolving
Cannon, serial number 0001, by public auction conducted by Rock
Island Auction Co. ("RIAC") to be held at 7819 42nd Street West, in
Rock Island, Illinois 61201, between May 13, 2022, and May 15,
2022.

The sale is free and clear of the liens as set forth in the Motion
with the liens to attach to the proceeds.

RIAC is authorized to retain any non-estate funds in the form of
buyer's premiums without further order from the Court in accordance
with the Terms & Conditions of the Sale attached to the Motion.

The Trustee is authorized to execute any instrument necessary to
effectuate the sale pursuant to Fed.R.Bankr.P. 6004(f)(2).

The 14-day stay period set forth in Fed.R.Bankr.P. 6004(h) is
waived.

The bankruptcy case is In re: Mann's World, LLC, Case No.
19-50791-JPS (Bankr. M.D. Ga.). An Involuntary Chapter 7 Petition
was filed against the Debtor on May 1, 2019. Joy R. Webster was
appointed as Trustee.

The Trustee:

         Joy R. Webster, Esq.
         AKIN, WEBSTER & MATSON, P.C.  
         P.O. Box 1773  
         Macon, GA 31202  
         Telephone: (478) 742-1889  
         E-mail: jwebster@akin-webster.com   



MANNY'S MEXICAN: Seeks to Hire TAP Consulting as Accountant
-----------------------------------------------------------
Manny's Mexican Cocina, Inc. filed an amended application seeking
approval from the U.S. Bankruptcy Court for the Western District of
Wisconsin to employ TAP Consulting, LLC to provide accounting and
feasibility services for the purpose of confirming a Chapter 11
plan.

Sali Sheafor, a partner at TAP, has agreed to a flat monthly rate
of $2,000 for her services.

Ms. Sheafor 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:

     Sali L. Sheafor
     TAP Consulting, LLC
     3934 Circle Drive
     Holmen, WI 54636
     Tel: (608) 519-3072
     Email: sali@tapconsultantlax.com

                    About Manny's Mexican Cocina

Manny's Mexican Cocina, Inc. filed its voluntary petition for
Chapter 11 protection (Bankr. W.D. Wis. Case No. 21-12059) on Oct.
6, 2021. Lynnae Rivera, company owner, signed the petition.

Judge Catherine J. Furay oversees the case.

Galen W. Pittman, Esq., at Pittman & Pittman Law Offices, LLC and
TAP Consulting, LLC serve as the Debtor's legal counsel and
accountant, respectively.


MAPLE MANAGEMENT: Unsecureds Will be Paid in Full in Plan
---------------------------------------------------------
Maple Management, LLC, submitted a Fourth Amended Chapter 11 Plan
of Reorganization.

The Debtor initiated its bankruptcy case because the Trustees of
the National Elevator Industry Pension Fund, Health Benefit Plan,
and Educational Plan, and the Elevator Constructors Annuity and
401(k) Retirement Fund ("Trustees") obtained a judgment in the
amount of $222,620 ("Judgment") against the Debtor on December 15,
2020 in the case captioned as, Trustees of the National Elevator
Industry Pension Fund, Health Benefit Plan, and Educational Plan,
and the Elevator Constructors Annuity and 401(k) Retirement Fund v.
Maple Management, LLC et al, case number 2:19-cv-04305-JS, that was
pending in the United States District Court for the Eastern
District of Pennsylvania.

The Trustees and the Debtor have negotiated a settlement of
controversial
issues, among other things, pertaining to the administration and
governance of the Debtor, the timing of the Debtor's payment of the
Trustees' prepetition claims, the replacement of the
Debtor-in-Possession, Mecha's continued role in the operations of
the Debtor, the Debtor leasing residential real property occupied
by Mecha as a primary residence, the relationship of the Debtor to
Maple Services, all other issues presented in the Motion to
Dismiss, and any other objections the trustees have to confirmation
of a Plan of Reorganization in this case.

The following is a detailing of the foregoing settlement between
the Trustees and the Debtor:

    a. The Debtor, the Trustees, and the SubV Trustee, William
Avellone, will enter into a Consent Order with respect to the
Trustees' Motion to Dismiss.  The Consent Order will be entered
simultaneous with confirmation of this Fourth Amended Plan of
Reorganization. Pursuant to the Consent Order, the SubV Trustee
will replace the Debtor as the Debtor-in-Possession (the
"Trustee-in-Possession") and the SubV Trustee shall remain the
Trustee-in-Possession during the post-confirmation period until the
Trustees' prepetition claim is paid in full - i.e., on the later of
April 1, 2022, or 14 days after entry of the Order of confirmation
of the Amended Plan.

    b. While the SubV Trustee serves as the Trustee-in-Possession,
Mecha will remain as "quality assurance manager" of the Debtor and
an at will employee of Debtor who will only receive a salary and
continuation of any of the company's employee benefit plans, but
who will have no decision-making on the post-confirmation financial
affairs of Debtor, as long as the prepetition claim of the Trustees
remains unpaid.  Mecha will engage in sales on behalf of the
Debtor, as well as overseeing jobs and communicating with
customers, contractors, and employees, but subject to oversight
from The SubV Trustee.  Mecha will have access to all of the
financial
information of the Debtor; however, Debtor will not have direct or
indirect access to the funds of Debtor.  The SubV Trustee will have
plenary authority on all disbursements of Debtor, and Mecha will
have none.  It is further understood and agreed that the Debtor's
Employees will need to continue to use company credit cards for
purchases, which must be approved by the SubV Trustee and, if
approved, paid as business expenses of the Debtor.

    c. It is understood and agreed that the residential lease for
the property at 3S675 Leask Lane, Wheaton, Illinois terminated on
its own terms and that the Debtor is no longer a tenant at such
property, nor is the Debtor responsible for the costs associated
with renting the property at any point after the lease termination.
It is further understood and agreed that a new lease has been
executed with a person or entity other than the
Debtor, and that the security deposit of $6,000 for the property
rental shall be returned to the Debtor's Estate.  Moreover, it is
understood and agreed that the Debtor will not pay for Mecha’s
lodging so long as the SubV Trustee remains the
Debtor-in-Possession.

    d. It is understood and agreed that the Debtor, the Trustees,
and other creditors will engage in good-faith, cooperative efforts
to agree on the terms of an Amended Chapter 11 Plan of
Reorganization, wherein the Debtor agrees to treat the Trustees as
a secured creditor and pay the prepetition claim of the Trustees on
the later of April 1, 2022, or 14 days after entry of the Order of
confirmation of the Amended Plan, subject to the Debtor and the
Trustees agreeing to resolve the issues set forth herein.
Moreover, the Trustees agreed to review and amend their proof of
claim and the Debtor agreed to provide information to the Trustees
to support Mecha's
claim under the Amended Plan.

    e. It is understood and agreed that Maple Services, LLC is
winding down presently, and that Maple Services LLC will not be
assigning any contracts to the Debtor.  However, Maple Services,
LLC has approximately $95,000 in tenant receivables, that require
litigation to collect ("Tenant Receivables").  Maple Services LLC
agrees to pay to the Debtor all net proceeds of the Tenant
Receivables: with "net" defined as "less attorney's fees and costs
associated with collection."

    f. The Debtor will pay its ongoing benefit obligations
accurately and timely -- i.e., by the 15th of the month following
the end of the reporting period (November 2021 contributions due on
December 15, 2021).

    g. As a condition subsequent to the payment of the Trustees'
prepetition claim, the Trustees will provide a draft Satisfaction
of Judgment in a form to be appended to the Amended Plan that
provides: 1) the Satisfaction of Judgment will only be effective
and will be filed with the United States District Courts for the
Northern District of Illinois and Eastern District of Pennsylvania
upon payment of the full judgment amount; and 2) that the amounts
set forth in the Judgment will be distributed accordingly to the
Plaintiffs in the United States District Court for the
Eastern District of Pennsylvania ("EDPA") Action (i.e., the NEI
Health Benefit Plan, NEI Pension Plan, ECA Annuity & 401(k)
Retirement Plan, NEI Education Plan, and Elevator Constructors Work
Preservation Fund) and will be credited appropriately by each Fund
to the contributions that remain unpaid on behalf of the Debtor's
employees, including on behalf of James Mecha, in accordance with
the EDPA's Decision and Judgment.

    h. Based on the Debtor's promise to make payment by April 1,
2022, or 14 days after entry of the Order of confirmation of the
Amended Plan, the Trustees agree that through June 1, 2022, they
will not engage in any collection efforts against James Mecha
personally with respect to the Benefit Funds' Judgment -- i.e., the
EDPA Judgment.  For avoidance of doubt, to the extent the Judgment
is satisfied prior to June 1, 2022, the Trustees will take no
judgment enforcement efforts against James Mecha with respect to
such judgment.  If, as of June 1, 2022, the Trustees' Judgment has
not been paid in full, the Trustees will have the option to
commence collection efforts against Mecha personally, but will
provide fourteen days written advance notice to Ariel Weissberg.

    i. The Debtor agrees that Mecha will not form, or assist in
forming, any new business entity to perform the prior or current
work of the Debtor. Mecha and the Debtor further agree that after
the prepetition claim of the Trustees is paid in full, Mecha will
receive a reasonable salary by the Debtor that does not adversely
affect the liquidity of the Debtor and does not diminish the
Debtor's ability to timely pay the claims of the balance of the
prepetition claimants.

    j. Upon written request after the Trustees' judgment is
satisfied, and if the Debtor is not currently delinquent to the
Trustees for any other reporting period, the Trustees will provide
a letter to the Debtor, with a copy to Local 2 of the International
Union of Elevator Constructors, AFL-CIO, within forty-eight hours
that states the following:

           On [date], you requested written confirmation from the
Benefits Office that the National Elevator Industry Benefit Plans
("Benefit Plans") received Maple Management LLC d/b/a RAE Lifts'
("RAE Lifts") contribution reports and payments through the most
recent reporting period of [date].  As you know, under the
self-reporting system relied upon by the Benefit Plans, it is the
responsibility of employers to accurately report information on
their contribution reports to the Benefit Plans. Accordingly, the
Benefits Office can only confirm the receipt of information
reported by RAE Lifts, and whether a corresponding payment was made
based on the information reported, for the months prior to and
including [date].

           The Benefits Office's records reflect that it received
contribution reports and payments from RAE Lifts through the most
recent reporting period of [date] and that the Benefit Funds' prior
judgment against RAE Lifts for unpaid contributions that was issued
by the United States District Court for the Eastern District of
Pennsylvania has been satisfied.

    k. The Benefit Funds will vote to accept the Amended Plan,
subject to acceptance of the Benefit Funds terms set forth above.

The Trustees, Mecha and the Debtor agreed that the Settlement Terms
shall be memorialized further in any Order confirming this Plan,
particularly regarding the replacement of the Debtor in Possession
by William Avellone, pending payment of the prepetition claim of
the Trustees.

The Debtor proposes to pay its creditors on their respective
allowed claims in full from: (a) proceeds from the Debtor's
accounts receivable generated through services performed and
materials provided to the debtor's existing and future customers
(b) the proceeds of the Tenant Receivables; and (c) the Security
Deposit.  The term of the Plan will not exceed a period of 5
years.

Class V Claims of General Unsecured Creditors are impaired.  The
class will be paid in full on or before 4 years from the Effective
Date.  

Attorney for the Debtor:

     Ariel Weissberg, Esq.
     WEISSBERG AND ASSOCIATES, LTD.
     564 W. Randolph, Second Floor
     Chicago, Illinois 60061
     Tel. (312) 663-0004
     Fax. (312) 663-1514
     E-mail: ariel@weissberglaw.com

A copy of the Plan dated Feb. 23, 2022, is available at
https://bit.ly/3siQJHJ from PacerMonitor.com.

                    About Maple Management

Maple Management, LLC, owns and operates a construction-related
business that installs elevators, ramps and lifts for the disabled,
elderly and infirm at their primary residences.  Maple Management
operates from the real property commonly known as 245 W Roosevelt
Rd Ste 77, West Chicago, IL 60185-4838. Maple rents this premises.
Its principal is James Mecha.

Maple sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Ill. Case No. 21-02059) on Feb. 17, 2021.  In the
petition signed by Mecha, the Debtor disclosed up to $50,000 in
assets and up to $1 million in liabilities.

Judge Janet S. Baer oversees the case.

Ariel Weissberg, Esq., at Weissberg and Associates, Ltd., is the
Debtor's counsel.


MARIA L. RADWANSKI: $96K Sale of Cumru Township Asset to JAJD OK'd
------------------------------------------------------------------
Judge Patricia M. Mayer of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania authorized Maria L. Radwanski and
David R. Radwanski to sell the real property located at 4119 New
Holland Road, in Cumru Township, Berks County, Pennsylvania
("Premises"), to JAJD Properties, LTD., for the sum of $96,000, in
accordance with the terms of the Agreement of Sale.

At settlement, distributions will be made as follows:

     a. All real estate taxes and other obligations owed by the
Movants that are a lien on the Premises pursuant to the law of the
Commonwealth of Pennsylvania or any of its political subdivisions
or agencies including, but not limited to, any validly filed
mortgages, tax liens, municipal liens, or other liens.

     b. The usual and customary costs of settlement paid by the
Sellers pertaining to the transfer of real estate in Berks County,
Pennsylvania.

     c. To the Debtor the value of his exemption in the amount of
$5,172 pursuant to 11 USC Section 522(d)(5).

     d. All remaining proceeds after payment of the foregoing
items, will be paid to the to the Chapter 11 Subchapter V Trustee
Richard E. Furtek, CPA for distribution in accordance with the
Debtor's Chapter 11 Plan, as amended.

Maria L. Radwanski and David R. Radwanski sought Chapter 11
protection (Bankr. E.D. Pa. Case No. 20-12159) on April 29, 2020.
The Debtors tapped John A. Digiamberardino, Esq., as counsel.



MARRIOTT OWNERSHIP: Moody's Alters Outlook on 'Ba3' CFR to Stable
-----------------------------------------------------------------
Moody's Investors Service revised the outlook of Marriott Ownership
Resorts, Inc. (a subsidiary of Marriott Vacations Worldwide
Corporation, herein combined as "Marriott Vacations") to stable
from negative. At the same time, Moody's affirmed the company's Ba3
corporate family rating, Ba3-PD probability of default rating, Ba1
senior secured bank credit facility and senior secured ratings, and
B1 senior unsecured rating. Moody's also upgraded Marriott
Vacations' speculative grade liquidity rating to SGL-1 from SGL-3.

"The stable outlook reflects Moody's expectation that Marriott
Vacations' improved operating performance will enable the company
to achieve and maintain EBITA/interest coverage above 3.0x and
debt/EBITDA around 5.0x," stated Pete Trombetta, Moody's lodging
analyst. "The company's improved operating performance is being
driven by continued strong leisure travel that is resulting in
stronger sales of vacation ownership products and growing tour
volume as occupancy returns to 2019 levels at beach and resort
settings," added Trombetta. All metrics include Moody's standard
adjustments and 100% of securitized debt.

Upgrades:

Issuer: Marriott Ownership Resorts, Inc.

Speculative Grade Liquidity Rating, Upgraded to SGL-1 from SGL-3

Affirmations:

Issuer: Marriott Ownership Resorts, Inc.

Corporate Family Rating, Affirmed Ba3

Probability of Default Rating, Affirmed Ba3-PD

Senior Secured 1st Lien Revolving Credit Facility, Affirmed Ba1
(LGD2)

Senior Secured 1st Lien Term Loan B2, Affirmed Ba1 (LGD2)

Gtd Senior Secured Global Notes, Affirmed Ba1 (LGD2)

Gtd Senior Unsecured Global Notes, Affirmed B1 (LGD5)

Outlook Actions:

Issuer: Marriott Ownership Resorts, Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Marriott Vacations' credit profile benefits from its strong brand
presence in the upscale segment of the timeshare industry, its
geographic diversity, and the portion of its earnings derived from
recurring and fee based sources such as resort management and
exchange, rentals, and consumer finance. The company also benefits
from its position as the third largest vacation ownership company
in terms of revenues and number of owners (after Hilton Grand
Vacations Borrower LLC' (Ba3 stable) acquisition of Diamond Resorts
International, Inc.), and second largest timeshare exchange network
in terms of members -- trailing only Travel + Leisure Co. (Ba3
negative). Marriott Vacations' credit profile is constrained by its
high leverage when including 100% of securitized debt, which
Moody's forecasts will approximate 5.0x over the next two years.
The company's credit profile is also constrained by the volatility
inherent in timeshare sales during economic downturns and the
consumer finance segment's sole focus on timeshare customers.

Marriott Vacations' improved liquidity profile reflects its cash
balances of $342 million at December 31, 2021, good free cash flow
which will benefit from lower inventory spending over the next 12
months, $113 million of gross notes receivable that were eligible
for securitization and full availability under its $600 million
revolving credit facility. The company's revolver expires in August
2023 and Moody's expects the company will extend the commitment
well in advance of the expiration date. The company also has access
to a $350 million warehouse credit facility that expires April 2023
(no borrowings at December 31, 2021). The company is subject to a
first lien net leverage ratio test of 3.0x which Moody's forecasts
will have sufficient headroom over the next 12 months. In Moody's
view the company has modest access to alternative liquidity in a
distressed scenario including the sale of receivables.

The Ba1 rating on the secured debt issued by Marriott Ownership
Resorts, Inc., including a $600 million senior secured revolver,
$893 million senior secured term loan due 2025 ($784 million
outstanding at December 31, 2021), and $250 million 6.125% senior
secured notes, is two notches above the corporate family rating and
reflects the support provided by the company's $850 million of
total senior unsecured notes and the $805 million convertible notes
issued by its ultimate parent. The senior unsecured notes are rated
B1 reflecting relative size in the capital structure and their
junior position behind the secured debt.

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

Ratings could be upgraded if the company is able to maintain
EBITA/interest expense around 4.5x and leverage below 4.5x. Ratings
could be downgraded if the company's liquidity weakened or if the
recovery stalled and indications are that the company cannot
maintain EBITA/interest coverage above 3.0x or de-lever to below
5.25x.

Marriott Ownership Resorts, Inc., a subsidiary of Marriott
Vacations Worldwide Corporation, is one of the largest vacation
ownership and timeshare exchange companies. The company develops,
markets, sells and/or manages vacation ownership properties under
brands including the Marriott Vacation Club, Westin Vacation Club,
Sheraton Vacation Club, Grand Residences by Marriott, Hyatt
Residence Club, and The Ritz-Carlton Residences brand. Marriott
Vacations has a portfolio of nearly 120 properties and has the
second largest timeshare exchange business with access to nearly
3,200 resorts. Revenues in 2021 were about $3.9 billion.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.


MARRIOTT VACATIONS: S&P Upgrades ICR to 'BB-' on Continued Sales
----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Marriott
Vacations Worldwide Corp. (MVW) to 'BB-' from 'B+'. The outlook is
positive. S&P also raised the issue-level ratings on the senior
secured debt to 'BB+' from 'BB'. The senior secured debt comprises
the term loan, revolving credit facility, and senior secured
notes.

In addition, S&P raised the issue-level ratings on MVW's senior
unsecured notes to 'B+' from 'B', and the issue-level rating of the
subordinated convertible debt to 'B' from 'B-', due to the
one-notch upgrade of the issuer credit rating.

The positive outlook reflects the possibility of a one-notch
upgrade to 'BB' over the next year if our forecast for contract
sales and EBITDA growth enables MVW to sustain its measure of S&P
Global Ratings-adjusted leverage below 4.5x, incorporating
volatility over the economic cycle and future potential leveraging
acquisitions.

S&P said, "The upgrade and positive outlook reflect our updated
forecast that MVW's contract sales and EBITDA will continue to
recover and grow through 2022 and likely 2023, potentially enabling
the company to reduce and sustain our measure of leverage below the
4.5x upgrade threshold. Our updated forecast is that MVW's
captive-adjusted debt to EBITDA will be below 4x in 2022,
potentially improving further in 2023. MVW outperformed our prior
expectation by achieving about 5x captive-adjusted leverage in
2021, and we assume the recovery in leisure travel and timeshare
contract sales will be sustained in 2022. Our updated base-case
forecast incorporates an improvement in contract sales and our view
that pent-up demand for the company's timeshare product and MVW's
relatively high mix of low-cost sales to existing owners could
drive elevated VPG and EBITDA margin in 2022, resulting in EBITDA
that is above pre-pandemic levels. VPG, a key revenue driver,
remained near record levels in fourth-quarter 2021 because
timeshare companies are focused on high-quality marketing channels
and selling more points to existing owners, which typically is less
costly than acquiring new customers and has a meaningfully higher
percentage of leads converting to sales, rather than through
off-premises-contact sales channels that tend to be low-yielding
and more exposed to visitation volatility.

"We also believe VPG could remain elevated in the near term, partly
because MVW plans to unify its Marriott, Westin, and Sheraton
timeshare offerings into a single points-based product, which is
likely to generate selling cost efficiencies and enable the company
to improve penetration of upgrade sales opportunities. In addition,
the plan to unify the three brands can alleviate inventory-related
working capital needs. We also expect timeshare demand and
occupancy will continue to be good particularly for resort systems
that have geographic diversity, such as MVW's.

"We assume full-year 2022 gross contract sales of $1.6 billion,
surpassing pre-pandemic levels. If the recovery continues as we
assume over the next several quarters, we believe the mix of sales
will eventually revert toward more new owners, likely resulting in
some EBITDA margin pressure. However, the impact in 2023 could be
offset by the recovery of other segments such as higher-margin
management and exchange revenues if membership levels stabilize
after the loss of Diamond Resorts members from the Interval
International exchange network last year following the close of the
Hilton Grand Vacations acquisition. Our leverage forecast is also
supported by MVW's ample inventory in the near term due to acquired
inventory from the Welk Resorts acquisition, resulting in total
inventory equivalent to about three years of sales, which should
alleviate inventory spending and working capital's use of cash.

"In our view, MVW's business attributes and financial policy
indicate its ability to deleverage.We believe timeshare resort
occupancy will remain high due to the investment that owners have
made in this purchased product, in comparison to alternative
vacation options such as hotel stays. The leisure travel recovery
held up well in recent months due to pent-up demand, with
fourth-quarter 2021 occupancies at select MVW locations exceeding
same-period 2019 levels. Occupancy at select MVW beach and regional
resorts reached 90%-98% in the fourth quarter. MVW has sizable
exposure to destination markets such as Hawaii and Orlando, Fla.,
which experienced good demand in recent months and together
accounted for a little more than 40% of pre-COVID-19 contract
sales. Data released by Hawaii's Department of Transportation show
that daily total air passenger counts to the state in the
seven-day-period ended Feb. 23, 2022, were about 100% of
same-period 2019 levels. Recovery in destination and urban markets
is likely to depend on consumers' perception of safety to travel by
air and the loosening of capacity restrictions at local
attractions. Meanwhile, MVW's exposure to urban markets such as New
York and San Francisco, where the company recently developed
inventory, as well as in Asia, could lag the overall recovery.

"In addition, it is our understanding the company's financial
policy is to maintain its measure of leverage between 2.5x-3x.
Given that our adjustments, particularly the inclusion of operating
lease obligations to debt and the removal of captive finance EBITDA
from consolidated EBITDA, typically add around 1x on average, we
believe MVW's 3x leverage policy maximum could translate into our
measure of adjusted leverage that is commensurate with a one-notch
higher rating, as long as the company's capital allocation plans
can absorb potential operating volatility, leveraging acquisitions,
and shareholder capital returns."

Omicron and other potential virus variants pose some near-term
risks. Fly-to destinations like Hawaii and Orlando, Fla., can face
restrictions during a surge in cases because of any potential
variants of the virus. Recovery in destination and urban markets is
likely to depend on consumers' perception of safety to travel by
air and the loosening of capacity restrictions at local
attractions. MVW has a sizable exposure to these markets and
overall performance can be burdened in such a scenario. Meanwhile,
MVW recently developed inventory in urban markets such as New York
City and San Francisco, exposing the company if these markets lag
the overall recovery. Potential COVID-19 variants could also hamper
MVW's rental business, which is sensitive to short-term travel
demand and has high carrying costs.

S&P said, "We expect the captive finance subsidiary will have good
cushion over the next 12 to 18 months. MVW experienced average
annual default rates on gross vacation ownership note receivables
of 6.74% in 2020. We believe default rates have become more stable
and could result in lower write-offs on delinquent vacation
ownership loans and a lower captive's debt-to-equity ratio over
time. We estimate MVW ended 2021 with S&P Global Ratings-adjusted
debt to equity in the low-3x area at the captive, which we believe
will remain in the 3x-4x range in 2022. If MVW sustains default
rates above 5%, the captive's financial risk could rise enough to
impair MVW's overall financial risk. Higher default rates and
financial risk at the captive could also result in more cash
outlays at MVW, to the extent the company chooses to support the
credit quality of securitized loans or opportunistically
repurchases low-cost timeshare inventory underlying any defaults.

"However, we do not believe the captive would significantly hurt
the parent's financial risk in a manner that would lead to a
downgrade. The captive debt-to-equity ratio in 2021 had a cushion
to the 5x downgrade threshold. The captive can absorb some
deterioration in loan losses without impairing MVW's overall
financial risk. Furthermore, while annualized loan losses could be
somewhat elevated during the pandemic, these losses represent
cyclical performance rather than a fundamental shift in
underwriting standards. We therefore may not lower the rating
solely based on this risk factor.

"We expect MVW to realize full year of planned cost synergies in
2022 and maintain adequate liquidity. MVW had about $1.1 billion of
liquidity as of the year-end 2021, consisting of $342 million cash,
revolver availability of $598 million, and eligible notes that can
generate about $113 million through securitization. As MVW finances
more timeshare sales, it can pledge more receivables to the
warehouse. The warehouse is typically an interim liquidity source
to make new consumer loans, and its potential usage for operating
expenses could reduce availability for the company to originate
consumer loans. MVW's ability to generate cash flow also improved
since mid-2020 partly as a result of cost cuts and planned
synergies totaling $200 million. These synergies are intended to be
permanent and are fully implemented as of year-end 2022. The cost
savings and synergies incorporate the use of technology to generate
sales more efficiently, the effect of which we believe may become
more apparent in higher EBITDA margin overtime after timeshare
sales rebound substantially.

"The positive outlook reflects the possibility of a one-notch
upgrade in the issuer rating to 'BB' over the next year if our
forecast for contract sales and EBITDA growth enables MVW to
sustain our measure of adjusted leverage below 4.5x, incorporating
volatility over the economic cycle and future potential leveraging
acquisitions.

"We could raise the rating when we have greater certainty that
contract sales, revenue, and EBITDA can improve in a way that
enables MVW to sustain S&P Global Ratings-adjusted leverage below
4.5x, incorporating the company's leverage policy and potential
leveraging transactions. The company's policy is to maintain
leverage in the 2.5x-3x range based on its measure, and our measure
of leverage adds about 1x due to adjustments."

S&P could lower the rating if:

-- Travel demand fails to recover as we assume in 2022, causing
MVW's captive-adjusted debt to EBITDA to be sustained above 5.5x;

-- Risk in the captive finance subsidiary rises enough to impair
the parent's financial risk, which could occur if the captive's
debt-to-equity ratio is sustained above 5x or loan losses in the
captive's portfolio increased materially.

ESG credit indicators: To E-2, S-3, G-2; From E-2, S-4, G-2

S&P said, "Health and safety factors have improved in our view and
are now a moderately negative consideration in our credit rating
analysis of MVW. As a result, we changed our social credit
indicator to S-3 from S-4. Social factors are reflected in the
unprecedented decline in tour flow due to the pandemic, which is
unlikely to fully recover until 2022 at the earliest." Although
this was a rare and extreme disruption that is unlikely to recur at
the same magnitude, MVW's timeshare sales were impaired and will
likely recover slowly particularly in destination long-haul markets
such as Europe and Southeast Asia. A partially offsetting factor is
MVW's sole focus on leisure travel, which is likely to recover more
quickly than other forms of travel, its geographically diverse
resort system, and recurring fees from resort management and
consumer financing income. Risks could lessen if pent-up demand for
leisure travel translates into a sustained recovery in credit
metrics.

Environmental, social, and governance (ESG) credit factors for this
change in credit rating/outlook and/or CreditWatch status:

-- Social - Health and safety



MARRONE BIO: Chief Financial Officer Resigns
--------------------------------------------
Suping (Sue) Cheung notified Marrone Bio Innovations, Inc. of her
decision to resign from her position as the Company's chief
financial officer, effective March 9, 2022, for personal reasons,
as disclosed in a Form 8-K filed with the Securities and Exchange
Commission.  LaDon Johnson, a director with CFO Systems, has been
appointed interim CFO on a consulting basis while the company
begins a national search for a permanent CFO.

"We appreciate Sue's contributions to Marrone Bio over the past
year, and wish her the best,' said chief executive officer Kevin
Helash.  "I have full confidence in LaDon and our finance
organization, and expect the transition to be seamless."

Mr. Johnson has more than 30 years of experience in global
corporate finance in the agriculture, food, renewables and
biotechnology sectors.  Previous roles include serving as CFO for
an international biotechnology company and as managing director and
CFO for the fifth largest crop seed company in the world.

Helash added, "We welcome LaDon to the company and look forward to
gaining from his insights and experience in finance for global
agricultural companies during the coming months as we manage the
transition and recruit a permanent CFO."

The Company has agreed to pay CFO Systems an hourly fee of $325 for
the services of Mr. Johnson.

                   About Marrone Bio Innovations

Based in Davis, California, Marrone Bio Innovations, Inc. --
http://www.marronebio.com-- discovers, develops and sells
innovative biological products for crop protection, plant health
and waterway systems treatment.  The Company's products are sold
through distributors and other commercial partners to growers
around the world for use in integrated pest management and crop
protection systems that improve efficacy and increase yields and
quality while protecting the environment.  Its products are often
used in conjunction with or as an alternative to other agricultural
solutions to control pests and enhance plant nutrition and health.

Marrone Bio reported a net loss of $20.17 million for the year
ended Dec. 31, 2020, a net loss of $37.17 million for the year
ended Dec. 31, 2019, and a net loss of $20.21 million for the year
ended Dec. 31, 2018.  As of Sept. 30, 2021, the Company had $82.14
million in total assets, $51.51 million in total liabilities, and
$30.63 million in total stockholders' equity.


MAUI MEADOWS: Wins Interim Cash Collateral Access
-------------------------------------------------
The U.S. Bankruptcy Court for the District of Hawaii has authorized
Maui Meadows Management LLC to use cash collateral on an interim
basis.

The Debtor is permitted to use cash collateral only for these
limited purposes:

     (a) make the adequate protection payment to U.S. Bank National
Association, as Trustee for Velocity Commercial Capital Loan Trust
2018-2;

     (b) pay property taxes and insurance on the property located
at 3343 Keha Drive, Kihei, Maui, Hawai'i 96753; and

     (c) make a $2,000 monthly payment, beginning on the first day
of the month immediately after the petition was filed on December
14, 2021 (i.e., January 1, 2022), and continuing monthly thereafter
until the date an order of confirmation is entered or the case is
dismissed or converted, into a separate debtor-in-possession bank
account designated specifically to fund the Subchapter V Trustee's
projected compensation.

A further hearing on the matter is scheduled for March 14, 2022 at
2 p.m.

A copy of the order is available at https://bit.ly/3hqgik3 from
PacerMonitor.com.

           About Maui Meadows Management

Maui Meadows Management, LLC, a company based in Kihei, Hawaii,
filed a petition for Chapter 11 protection (Bankr. D. Hawaii Case
No. 21-01129) on Dec. 14, 2021, listing as much as $10 million in
both assets and liabilities. Steven Michael Warsh, manager, signed
the petition.

Judge Robert J. Faris oversees the case.

Michael J. Collins, Esq., at Cain & Herren, ALC and Alan Sears, a
certified public accountant based in Tucson, Ariz., serve as the
Debtor's legal counsel and accountant, respectively.



MONTICELLO HORIZON: Sale of 4 Monticello Residential Homes Approved
-------------------------------------------------------------------
Judge Cecelia G. Morris of the U.S. Bankruptcy Court for the
Southern District of New York authorized Monticello Horizon Legacy,
LLC's sale of the following four separate residential homes:

     a. at 167 Park Avenue, in Monticello, New York, and  133 Park
Avenue, in Monticello, New York, to Sky Top Towers LLC for the
total purchase price of $705,000 plus adjustments in accordance
with the Sale Agreements, free and clear of all claims, liens,
taxes and non-permitted encumbrances, including without limitation
the mortgage lien of Wilmington Trust, National Association, as
Trustee, for the Benefit of the Holders of Corevest American
Finance 2019-1 Trust Mortgage Pass-Through Certificates ("Lender"),
with same (including the mortgage lien of the Lender) to attach to
the proceeds of sale; and

     b. 13 Cross Street, in Monticello, New York, and 26 Prince
Street, in Monticello, New York, to Big Deal Equities LLC for the
total purchase price of $202,000 plus adjustments in accordance
with the Sale Agreements, free and clear of all claims, liens,
taxes and non-permitted encumbrances, including without limitation
the mortgage lien of the Lender, with same (including the mortgage
lien of the Lender) to attach to the proceeds of sale.

The rights and remedies of Wilmington Trust will not be prejudiced
by its consent to these sales nor will Wilmington Trust's standing
in the bankruptcy be changed or otherwise affected by the agreement
to the partial liquidation of pledged collateral.

The Debtor is authorized to pay all reasonable and customary
closing costs, transfer taxes and expenses at the closings with the
net proceeds thereof to be paid over to the Lender in partial
reduction of its secured claim, with the Debtor and the Lender
reserving
their respective rights regarding the final balance due to the
Lender.

The Debtor will provide the counsel for the Lender with a copy of
the proposed closing statements relating to each of the sale
transactions itemizing the closing costs and expenses.

Any stay provided for by Bankruptcy Rule 6004(h) will not apply,
and the Order will be effective immediately upon entry thereof and
the Debtor is authorized to proceed to close the respective sales.

                About Monticello Horizon Legacy

Monticello Horizon Legacy, LLC, based in South Fallsburg, NY,
filed
a Chapter 11 petition (Bankr. S.D.N.Y. Case No. 20-35665) on June
24, 2020.  In the petition signed by Esther Loeffler, managing
member, the Debtor was estimated to have $1 million to $10 million
in both assets and liabilities.  The Hon. Cecelia G. Morris
oversees the case.  Michelle Trier, Esq., at Genova & Malin,
serves
as bankruptcy counsel.



MST CONSULTING: Files Emergency Bid to Use Cash Collateral
----------------------------------------------------------
MST Consulting, Inc. d/b/a AIM Remodeling and Construction asks the
U.S. Bankruptcy Court for the Western District of Texas, El Paso
Division, for authority to use cash collateral on an emergency
basis, in order to carry on its normal business activities.

AIM believes that, as of petition date, it had retired in 2018 the
last state tax lien that had been filed against it, for only
$7,359.  However, the Comptroller did not release that lien.

The lien balance claimed by the Comptroller is now $59,477. AIM has
agreed to commence payments on it of $1,350 per month, over 48
months including interest at the rate of 4.25% per annum.

As adequate protection for the Debtor's use of cash collateral, the
Comptroller will receive a replacement lien upon AIM'S cash
equivalent, a covenant to keep the cash equivalents at least equal
to the amount on hand as of petition date, and access to the
monthly operating reports in the case, to see what income the
Debtor is receiving and what expenses it is paying.

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

                        About MST Consulting

MST Consulting Inc. is a construction company, doing remodeling and
original construction on homes and business property. The Debtor
filed a petition for Chapter 11 protection (Bankr. W.D. Tex. Case
No. 22-30103) on Feb. 9, 2022, listing up to $500,000 in both
assets and liabilities.  Amada S. Flores, president, signed the
petition.

The Debtor tapped the law firm of E.P. Bud Kirk as legal counsel.


NATURE COAST: $72K Sale of 4 Dodge Ram 2500 ProMaster Approved
--------------------------------------------------------------
Judge Roberta A. Colton of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Nature Coast Emergency Medical
Foundation, Inc.'s private sale of the following four vehicles to
Community Care Ambulance Network for the aggregate purchase price
of $72,000: (i) Vehicle No. 424: 2016 Dodge Ram 2500 ProMaster, VIN
108430; (ii) Vehicle No. 425: 2015 Dodge Ram 2500 ProMaster, VIN
520274; (iii) Vehicle No. 426: 2015 Dodge Ram 2500 ProMaster, VIN
520282; and (iv) Vehicle No. 427: 2015 Dodge Ram 2500 ProMaster,
VIN 520272.

A hearing on the Motion was held on Jan. 13, 2022, at 10:30 a.m.
(EST).

There is no financing contingency and this is an all-cash offer.

The Vehicles are being sold on a free and clear of all liens,
claims, encumbrances and any other interests.

The closing for the Sale will take place as soon as commercially
reasonable following the entry of the Order. The parties are
authorized and directed to effectuate and to close the same,
including execution of all documents and instruments required by
the Motion or Florida law.

The Sale is an "arms'-length" transaction and Community Care is not
affiliated with the Debtor. Community Care is a good faith
purchaser for value of the Vehicles and, as such, is entitled to
the full protections of the Bankruptcy Code including but not
limited to Section 363(m).

Notwithstanding Bankruptcy Rules 2002 and 6004(h), the terms and
conditions of the Order will be immediately effective and
enforceable upon its entry and there will be no stay of execution
or effectiveness of the Order.

The Court finds that the Notice of Preliminary Hearing provided
adequate and sufficient notice of the Hearing given the nature of
the Motion and of the Debtor's operations as a whole.
     
                      About Nature Coast

Nature Coast Emergency Medical Foundation, Inc. --
https://naturecoastems.org/ -- is Citrus County's exclusive,
not-for-profit (501(c)3), Advanced Life Support 9-1-1 emergency
responder and medical transportation provider. The organization
was
established on Oct. 1, 2000.

Nature Coast Emergency Medical Foundation sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
21-02357) on Oct. 2, 2021, listing $7,016,218 in total assets and
$4,730,723 in total liabilities. Mary Hedges, president of Nature
Coast Emergency Medical Foundation, signed the petition.

Judge Roberta A. Colton oversees the case.

David S. Jennis, Esq., at David Jennis, PA, doing business as
Jennis Morse Etlinger, is the Debtor's bankruptcy counsel while
The
Hogan Law Firm serves as the special board counsel. Fitch &
Associates, LLC is the Debtor's financial and operational
consultant.



NEOVASC INC: CVI, Heights Capital Report 3.7% Equity Stake
----------------------------------------------------------
CVI Investments, Inc. and Heights Capital Management, Inc.
disclosed in a Schedule 13G/A filed with the Securities and
Exchange Commission that as of Dec. 31, 2021, they beneficially own
2,562,500 shares of common stock of Neovasc Inc., representing 3.7
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/0001399708/000110465922022547/tm226115d18_sc13ga.htm

                         About Neovasc Inc.

Neovasc -- www.neovasc.com -- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace. The Company develops minimally
invasive transcatheter mitral valve replacement technologies, and
minimally invasive devices for the treatment of refractory angina.
Its products include the Neovasc Reducer, for the treatment of
refractory angina, which is not currently commercially available in
the United States (2 U.S. patients have been treated under
Compassionate Use) and has been commercially available in Europe
since 2015, and Tiara, for the transcatheter treatment of mitral
valve disease, which is currently under clinical investigation in
the United States, Canada, Israel and Europe.

Neovasc reported a net loss of $28.69 million for the year ended
Dec. 31, 2020, compared to a net loss of $35.13 million for the
year ended Dec. 31, 2019.  As of Dec. 31, 2020, the Company had
$17.88 million in total assets, $15.90 million in total
liabilities, and $1.98 million in total equity.

Grant Thornton, LLP, in Vancouver, Canada, the Company's auditor
since 2002, issued a "going concern" qualification in its report
dated March 10, 2021, citing that the Company incurred a
comprehensive loss of $30.2 million during the year ended Dec. 31,
2020.  These conditions, along with other matters, raise
substantial doubt about the Company's ability to continue as a
going concern as at Dec. 31, 2020.


NETWORK COMMUNICATIONS: Taps Berger Singerman as Legal Counsel
--------------------------------------------------------------
Network Communications of Northwest Florida, Inc. seeks approval
from the U.S. Bankruptcy Court for the Northern District of Florida
to employ Berger Singerman, LLP to serve as legal counsel in its
Chapter 11 case.

The firm's services include:

     (a) giving advice to the Debtor with respect to its powers and
duties and the continued management of its business operations;

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

     (c) preparing adversary proceedings and legal documents;

     (d) protecting the interests of the Debtor in all matters
pending before the court; and

     (e) representing the Debtor in negotiations with its creditors
and in the preparation of a Chapter 11 plan.

The hourly rates charged by the firm's attorneys and paralegals are
as follows

     Brian G. Rich, Esq.       $495
     Michael J. Niles, Esq.    $450
     Associate Attorneys       $375 - $495
     Paralegals                $85 - $265

Berger Singerman received a retainer in the amount of $25,000.

Brian Rich, Esq., shareholder of Berger Singerman, disclosed in a
court filing that his firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Brian G. Rich, Esq.
     Berger Singerman, LLP
     313 N. Monroe Street, Suite 301
     Tallahassee, FL 32301
     Tel: 850-561-3010
     Email: brich@bergersingerman.com

                   About Network Communications

Network Communications of Northwest Florida, Inc., a cable company
in Pensacola, Fla., filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No.
22-30087) on Feb. 11, 2022, listing up to $500,000 in assets and up
to $10 million in liabilities. Timothy G. McDonald, chief executive
officer, signed the petition.

Brian G. Rich, Esq., at Berger Singerman, LLP serves as the
Debtor's legal counsel.


NORTH PIER OCEAN: Auction of North Pier Development Set for April 7
-------------------------------------------------------------------
Judge David M. Warren of the U.S. Bankruptcy Court for the Eastern
District of North Carolina authorized North Pier Ocean Villas
Homeowners Association, Inc.'s bidding procedures in connection
with the auction sale of the following:

     A. North Pier development, including all Condominiums and
related common areas, located at 1800 Canal Drive in Carolina
Beach, North Carolina, and all easements, rights-of-way, leases,
rights, privileges, tenements, hereditaments, and uses appurtenant
to the Real Property; and

     B. all fixtures, including any items that are permanently
attached to or affixed to the Real Property, together with all
personal property and other items located within but not affixed to
the Real Property.

The sale is free and clear of all claims, liens and encumbrances
that may be asserted against the Property, as follows:

     A. Any and all post-petition liens and/or security interests
in favor of Conversion Financial, LLC.

     B. Any and all real property taxes due and owing to any City,
County or municipal corporation, and more particularly, to the New
Hanover County Tax Collector.

     C. Those liens and claims, whether fixed and liquidated or
contingent and unliquidated, that have or may be asserted against
the Property by the North Carolina Department of Revenue, the
Internal Revenue Service, and any and all other taxing and
government authorities.

The liens against the Property will be transferred to and
automatically attach to the proceeds of sale in the order of their
pre-sale priority and further orders of the Court.

In accordance with the Bidding Procedures, the Property will be
sold in an "As Is" condition, and no warranties will be made as to
the condition, use or fitness of the Property for a particular
purpose. The purchaser of the Property will bear all costs
associated with the transfer of the Property, including
registration fees, local transfer fees and taxes, and North
Carolina sales taxes, as applicable.

The Debtor is authorized to designate a Qualified Bid as a Stalking
Horse Bid, and approving payment of a break-up fee to Stalking
Horse Bidder in the amount of 1.5% of the initial Stalking Horse
Bid to be paid to Stalking Horse Bidder from the sales proceeds at
closing, in the event Stalking Horse Bidder is not the Successful
Bidder.

The overbid procedures at the auction in the event of a Stalking
Horse Bidder, whereby competing bids must exceed the Stalking Horse
Bid by not less than 3% of the proposed Stalking Horse Bid, are
approved.

The period within which bidders will be able to submit Qualified
Bids will commence the date of the Order, and expire April 4, 2022.
The offer must be for not less than $3.95 million. Pursuant to the
terms of such form, the offer must expressly state that the
Bidder's offer is all cash, on an "as-is, where-is" basis and
irrevocable during the Irrevocability Period. There is a deposit
equal to 5% of the purchase price, payable to the Escrow Agent.

The proposed qualifications for a Qualified Bidder as set forth in
the Order and the authority of the Debtor to conduct an auction on
April 7, 2022 in accordance with the Bidding Procedures are
approved.

If more than one Qualified Bidder submit a qualifying bid, the
Property will be auctioned at 10:00 a.m. (EST) on April 7, 2022, in
the 3rd Floor Courtroom, United States Bankruptcy Court, 300
Fayetteville Street, Raleigh, North Carolina.

A final hearing to approve the sale to the Successful Bidder will
be held at 10:00 a.m. (EST) on April 12, 2022, in the 3rd Floor
Courtroom, United States Bankruptcy Court, 300 Fayetteville Street,
Raleigh, North Carolina.

The closing occur within 10 days after entry by the Court of a
non-appealable Order approving the sale of the Property to the
Successful Bidder.

                   About North Pier Ocean Villas
                      Homeowners Association

North Pier Ocean Villas Homeowners Association, Inc., filed a
petition for Chapter 11 protection (Bankr. E.D.N.C. Case No.
21-01760) on Aug. 5, 2021, listing under $1 million in both assets
and liabilities. David J. Haidt, Esq., at Ayers & Haidt, PA,
represents the Debtor as legal counsel.



NRCT LLC: Court Approves $225K Sale of Real Property in Atlanta
---------------------------------------------------------------
Judge Wendy L. Hagenau of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized Chuck Thakkar, Niloy
Thakkar, and Rohan Thakkar, affiliates of NRCT, LLC, to sell the
real property located at 620 Grand Harbor Blvd., in Atlanta,
Georgia, to Gordon Dabrasky and Leslie Dabrasky for $225,000,
pursuant to an Agreement/Contract: To Buy and Sell Real Estate
dated Jan. 7, 2022.

Niloy Thakkar is authorized to take any and all actions on behalf
of NRCT, LLC, to effectuate the sale of the Property to the
Purchasers and is authorized to take any and all necessary steps to
effectuate the terms and conditions of the Agreement, including
executing any and all documents and instruments necessary to
effectuate the sale of the Property to the Purchasers. Anna
Humnicky ("Plan Agent") will have no liability and no obligations
with respect to the sale of the Property to the Purchasers and will
have no obligation to execute any documents in connection with the
sale of the Property to the Purchasers.   

The terms and conditions of the Order will be immediately effective
and enforceable upon entry of the Order. The stay otherwise imposed
by Bankruptcy Rule 6004(h) is waived.

NRCT, LLC is authorized to pay the closing and settlement costs as
set forth in the Supplement.

All net proceeds from the sale of the Property will be remitted to
the Clerk of the U.S. Bankruptcy Court for the Northern District of
Georgia, Atlanta Division.

The bankruptcy case is In re: NRCT, LLC, Case No. 15-58444-WLH
(Bankr. N.D. Ga.).



NUVERRA ENVIRONMENTAL: Common Stock Delisted From Nasdaq
--------------------------------------------------------
The NYSE American LLC filed a Form 25 with the Securities and
Exchange Commission notifying the removal from listing and/or
registration of Nuverra Environmental Solutions, Inc.'s common
stock on the Exchange under Section 12(b) of the Securities
Exchange Act of 1934.

Nuverra requested that the Exchange file a notification of removal
from listing on Form 25 with the SEC with respect to the delisting
of the common stock.  The common stock ceased being traded
following the close of trading on Feb. 23, 2022. Furthermore,
Nuverra intends to file with the SEC a Form 15 requesting that the
reporting obligations of the company under Sections 13(a) and 15(d)
of the Exchange Act be suspended.

                             About Nuverra

Nuverra Environmental Solutions, Inc. provides water logistics and
oilfield services to customers focused on the development and
ongoing production of oil and natural gas from shale formations in
the United States.  Its services include the delivery, collection,
and disposal of solid and liquid materials that are used in and
generated by the drilling, completion, and ongoing production of
shale oil and natural gas.  The Company provides a suite of
solutions to customers who demand safety, environmental compliance
and accountability from their service providers.

Nuverra Environmental reported a net loss of $44.14 million for the
year ended Dec. 31, 2020, a net loss of $54.94 million for the year
ended Dec. 31, 2019, and a net loss of $59.26 million for the year
ended Dec. 31, 2018.  As of Sept. 30, 2021, the Company had $169.31
million in total assets, $55.02 million in total liabilities, and
$114.29 million in total shareholders' equity.


NUZEE INC: Signs Deal to Acquire Dripkit for $860K
--------------------------------------------------
NuZee, Inc. entered into an asset purchase agreement with Dripkit,
Inc., pursuant to which it agreed to acquire substantially all of
the assets and certain specified liabilities of the company.  Each
stock recipient will execute a joinder to the asset purchase
agreement at the closing of the acquisition for purposes of those
certain representations and warranties of the stock recipients set
forth in the agreement.

Pursuant to the asset purchase agreement, the aggregate purchase
price for the acquisition is $860,000, plus the assumption of the
assumed liabilities (other than the principal amount of Dripkit's
Small Business Association Economic Injury Disaster Loan).  At the
closing, NuZee will pay the purchase price as follows: (a) $355,000
in cash will be paid to Dripkit, subject to certain adjustments and
holdbacks as further described below and (b) a number of shares of
NuZee's common stock, par value $0.00001 per share, will be issued
to Dripkit's existing investors (the stock recipients).

At closing, the cash portion of the purchase price will be reduced
by the following amounts: (a) a purchase price advance of $22,000,
representing a bridge loan from NuZee in February 2022 to provide
Dripkit with operational financing prior to the Closing, (b) an
indemnity holdback of $35,500, which will be held back by NuZee for
18 months for the purpose of satisfying any indemnification claims
made by NuZee pursuant to the asset purchase agreement, and (c) a
cash bulk sales holdback of $40,000.

The stock consideration will be calculated by dividing (a) the
difference of $505,000 minus the principal and interest amount of
the EIDL as of the closing by (b) the midpoint of the open and
closing sale price of NuZee's common stock on the Nasdaq Capital
Market as of the date immediately prior to the closing, and
rounding down to the nearest whole share number.  In addition,
NuZee will hold back $40,000 worth of the stock consideration as
the stock bulk sales holdback amount.  The bulk sales holdback
amount will be used to satisfy any sales and use taxes owed by
Dripkit to the State of New York as of the closing, and any amounts
remaining after offsetting the cost of any such sales and use taxes
will be distributed to Dripkit (in the case of the cash bulk sales
holdback amount) and/or delivered to the stock recipients (in the
case of the stock bulk sales holdback amount).

The asset purchase agreement contains customary representations,
warranties, covenants and indemnities from Dripkit.  Pursuant to
the asset purchase agreement, Dripkit has agreed not to engage in
or assist any others in engaging in the business of selling single
serve coffee-related products or solicit customers of the business
for a period of 36 months commencing on the closing.  At the
closing, each stock recipient will execute a lock-up agreement that
generally prohibits, subject to customary exceptions, the sale,
pledge, transfer or other disposition of the company's common stock
for a period of 12 months after the closing.

The asset purchase agreement may be terminated under certain
circumstances, including by either party at any time prior to the
closing by written notice to the other party if the other party has
not fulfilled its closing conditions set forth in the asset
purchase agreement by March 1, 2022.

                            About NuZee

NuZee, Inc. (d/b/a Coffee Blenders) is a specialty coffee company
and a single-serve pour-over coffee pouch producer and co-packer.
The Company owns packing equipment developed in Asia for single
serve pour over production.  It co-packs single-serve pour-over
coffee and tea bag style coffees for customers in the U.S. market
and also co-packs for the South Korean market.

NuZee reported a net loss of $18.55 million for the year ended
Sept. 30, 2021, a net loss of $9.52 million for the year ended
Sept. 30, 2020, and a net loss of $12.21 million for the year ended
Sept. 30, 2019.  Nuzee reported a net loss of $2.80 million for the
three months ended Dec. 31, 2021.  As of Dec. 31, 2021, the Company
had $14.26 million in total assets, $1.97 million in total
liabilities, and $12.29 million in total stockholders' equity.


OPERATION STIMULATION: Voluntary Chapter 11 Case Summary
--------------------------------------------------------
Debtor: Operation Stimulation Associates, Inc.
        6652 Highway 41
        Ringgold, GA 30736

Chapter 11 Petition Date: February 28, 2022

Court: United States Bankruptcy Court
       Eastern District of Tennessee

Case No.: 22-10455

Debtor's Counsel: David J. Fulton, Esq.
                  SCARBOROUGH & FULTON
                  620 Lindsay Street, Ste 240
                  Chattanooga, TN 37403
                  Tel: (423) 648-1880
                  Email: djf@sfglegal.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Roger A. Babb as president.

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

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

https://www.pacermonitor.com/view/Q6SCIPA/Operation_Stimulation_Associates__tnebke-22-10455__0001.0.pdf?mcid=tGE4TAMA


OPTION CARE: Swings to $139.9 Million Net Income in 2021
--------------------------------------------------------
Option Care Health, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing net income of
$139.9 million on $3.43 billion of net revenue for the year ended
Dec. 31, 2021, compared to a net loss of $8.07 million on $3.03
billion of net revenue for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $2.79 billion in total assets,
$1.62 billion in total liabilities, and $1.18 billion in total
stockholders' equity.

                 Fourth Quarter 2021 Financial Highlights

   * Net revenue of $927.2 million, up 15.2% compared to $804.7
million in the fourth quarter of 2020

   * Gross profit of $212.2 million, or 22.9% of revenue, up 15.5%
compared to $183.8 million, or 22.8% of revenue, in the fourth
quarter of 2020

   * Net income of $75.5 million, or $0.42 earnings per share
inclusive of a one-time benefit from the elimination of the
Company's valuation allowance on deferred tax assets of $30.4
million or $0.17 per share, compared to net income of $17.8
million, or $0.10 earnings per share, in the fourth quarter of
2020

   * Adjusted EBITDA of $86.8 million, up 28.3% compared to $67.7
million in the fourth quarter of 2020

   * Cash flow from operations of $65.3 million, and cash balances
of $119.4 million at the end of the fourth quarter

   * Acquired Infinity Infusion Nursing, LLC and Wasatch for $50.0
million and $17.8 million, respectively, financed through cash
balances on hand

John C. Rademacher, chief executive officer, commented, "The entire
Option Care Health team continues to execute in an ongoing
challenging environment.  With the patient at the center of
everything we do, Option Care Health served over a quarter of a
million patients in 2021 despite the ongoing pandemic situation.
We are proud of the results we have generated as well as the many
investments we continue to make to drive future growth."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1014739/000101473922000009/bios-20211231.htm

                     About Option Care Health

Option Care Health -- OptionCareHealth.com -- is an independent
provider of home and alternate site infusion services.  With over
7,000 teammates, including approximately 4,300 clinicians, the
Company works compassionately to elevate standards of care for
patients with acute and chronic conditions in all 50 states.
Through its clinical leadership, expertise and national scale,
Option Care Health is reimagining the infusion care experience for
patients, customers and teammates.

                             *   *   *

This concludes the Troubled Company Reporter's coverage of Option
Care Health until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


PARKINSON SEED: May Recoup $212,000 from Brookside LLC
------------------------------------------------------
Parkinson Seed Farm, Inc., by and through Matthew McKinlay, its
Plan Administrator, commenced an adversary proceeding styled
Parkinson Seed Farm, Inc., Plaintiff, v. Arlo Weeks and Brookside,
LLC, Defendants, Adv. Proceeding No. 20-08039-JMM (Bankr. D.
Idaho).

Arlo Weeks worked closely with Dirk Parkinson, PSF's president and
CEO, handling a limited set of duties, such as keeping checkbook
balances, organizing information submitting it to others for
review, and working collaboratively with PSF's Certified Public
Accountant.  Sometime in 2015, Weeks established Brookside. PSF
contributed money to Brookside and Brookside provided services to
PSF.

The Plaintiff alleges numerous causes of action in its complaint:

     1. The Plaintiff seeks an order pursuant to Sections 548 and
550 of the Bankruptcy Code, as well as Section 544 and Idaho Code
Sections 55-913 and 914, avoiding and recovering for the bankruptcy
estate prepetition payments made to Defendants.

     2. The Plaintiff prays for an order pursuant to Sections 547
and 550, avoiding and recovering for the bankruptcy estate the
prepetition payments to Defendants dated on or after February 14,
2018.

     3. The Plaintiff seeks to avoid and recover for the bankruptcy
estate postpetition payments to Defendants pursuant to Sections 549
and 550.

     4. The Plaintiff alleges that Defendants committed fraud
against the Plaintiff and seeks $303,097 for sums received between
2014 and 2018.

     5. The Plaintiff alleges that Defendants wrongfully converted
PSF funds and seeks $303,097 in damages.

     6. The Plaintiff alleges that Defendants were unjustly
enriched by their actions and seeks $303,097 in damages.

     7. The Plaintiff alleges that Defendants' action breached
their fiduciary duties owed to Plaintiff and seeks $303,097 in
damages.

     8. The Plaintiff seeks attorney fees and costs incurred in
pursuing these causes of action.

Chief Bankruptcy Judge Joseph M. Meier of the United States
Bankruptcy Court for the District of Idaho denies the causes of
action against Weeks, finding that PSF received reasonably
equivalent value with respect to Weeks. PSF paid Weeks
approximately $8,333 per month during the relevant lookback period,
which equates to roughly $100,000 per year. Mr. McKinlay testified
as an expert that he believed Weeks' services were worth
approximately $60,000-$75,000 per year. Weeks began working for PSF
sometime around 2003 and, at the time of the transfers, had
approximately 13 to 15 years' experience in the role, so even
assuming Mr. McKinlay's estimate is accurate, Weeks would be at the
higher end of that estimate. Weeks' role, although narrow at the
start of his employment, expanded significantly through the years.
At the time the transfers took place, Weeks was performing multiple
functions for PSF, including business management, human resources,
IT, and payroll. Although there were other farm managers, there was
no other administrative manager that filled the Weeks role. The
Court finds, after taking into account the direct benefits, such as
the multitude of services Weeks provided, as well as the indirect
benefits, such as having the same person fill that role for many
years with the resulting retention of organizational knowledge, the
value PSF received was roughly equivalent to the amount it paid to
Weeks.

Judge Meier, however, rules that the same cannot be said for the
transfers to Brookside made during the relevant lookback period.
Brookside's role was similar to that performed by Weeks before
Brookside was formed. Brookside largely assisted Weeks in his role
as the administrator, performing various office tasks. It did
perform some services for PSF, such as mapping and other GIS
services, but Brookside was paid approximately $8,0007 per month
for a total of approximately $96,000 per year. Thus, PSF did not
receive reasonably equivalent value for the services Brookside
provided.

With respect to payments made by PSF to Brookside for reimbursement
of fees, the Court finds that PSF did not receive reasonably
equivalent value for fees paid to Brookside that should have been
paid by Idaho Springs Water Company. With respect to Plaintiff's
fraud claim, PSF reimbursed Brookside for expenses Brookside
incurred for services it provided to Idaho Springs Water Company,
and Weeks admitted PSF should not have reimbursed Brookside for
those fees. That amount is $2,332.

With respect to all other expense reimbursements, the Court finds
the Plaintiff has failed to sustain its burden PSF did not receive
reasonably equivalent value for the reimbursements. Weeks testified
that Brookside would perform services for PSF and incur fees for
those services, for which it would charge PSF. For example,
Plaintiff's Exhibit 111 seeks reimbursement for duplicate travel
reimbursements. After taking a closer examination of the supporting
documents, it appears to the Court that the checks Plaintiff argues
are duplicate travel expenses are actually for different amounts
and different travelers.

Accordingly, the Plaintiff's first cause of action under Section
548(a)(1)(B) against Brookside will be granted in the amount of
$133,368. Plaintiff's third cause of action under Section 549 will
be granted with respect to Brookside in the amount of $79,145.
Plaintiff's fourth cause of action for fraud will be granted with
respect to Brookside in the amount of $2,332, although Plaintiff
also successfully recovered this amount under its first cause of
action. All other causes of action against Brookside will be
denied. The parties are directed to submit simultaneous briefs
within 14 days of the entry of this decision in support of their
position on attorney's fees.

In total, Plaintiff will be allowed to recover $212,514.64 from
Brookside, the Court held.

A full-text copy of Judge Meier's Memorandum of Decision dated
February 18, 2022, is available at https://tinyurl.com/467fnfd5
from Leagle.com.

                  About Parkinson Seed Farm

Located in Saint Anthony, Idaho, Parkinson Seed Farm, Inc. --
http://www.parkinsonseedfarm.com/-- farms approximately 7,200
acres of potatoes.  It raises seed potatoes, hard red and hard
white wheat, as well as a small amount of alfalfa (mostly to feed
horses for recreational purposes).  The company raises 11 of what
it considers to be more mainstream varieties such as the Russet
Burbank, Ranger, three different line selections of Russet
Norkotah, white varieties such as Cal Whites and Atlantics, and
reds like the Dark Red Norland. The company was founded in 1937.

Parkinson Seed Farm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Idaho Case No. 18-40412) on May 15,
2018.  In the petition signed by Dirk Parkinson, president, the
Debtor disclosed $6.11 million in assets and $26.92 million in
liabilities.

Judge Joseph M. Meier presides over the case.  Parkinson Seed Farm
hired Robinson & Associates as its legal counsel.

On Oct. 19, 2019, the Court appointed Henri LeMoyne of LeMoyne
Realty & Appraisals as Realtor.

On March 3, 2020, the Court confirmed SummitBridge National
Investments VI LLC's Amended Chapter 11 Plan of Liquidation Dated
Dec. 11, 2019.  The Plan appointed Matt McKinlay of CFO Solutions
LLC as Plan Administrator.


PB 6, LLC: 2nd Amended Plan Unconfirmable, Fundrise West Says
-------------------------------------------------------------
Fundrise West Coast Opportunistic REIT, LLC, submitted its
objection to the Second Amended Disclosure Statement in support of
debtor PB 6, LLC's Second Amended Chapter 11 Plan.

Fundrise points out that the Second Amended Disclosure Statement
fails to provide adequate information because it:

   (i) fails to provide any information on the ability of Debtor's
members to make plan payments even though Debtor would be relying
almost entirely on its members to make those payments and even
though those individuals will likely be subject to a default
judgment by the time of plan confirmation;

  (ii) provides inaccurate information regarding the amount of
Fundrise's claim and the value of the Property (as defined below);


(iii) fails to set forth any plan for how Debtor would complete
construction of the homes at the Property and sell the homes to pay
off Fundrise's loan (not to mention any other creditors).

Fundrise further points out that like its prior iterations, the
Second Amended Plan is facially unconfirmable because:

   (a) the Second Amended Plan fails to comply with the Best
Interest of Creditors Test under 11 U.S.C. Sec. 1129(a)(7) in that
it fails to provide Fundrise with the present value of its fully
secured claim even though a chapter 7 liquidation date would do so;


   (b) the Second Amended Plan is not feasible for several reasons,
including that Debtor has no cash and Debtor has failed to provide
evidence that it could make even the minimal interest-only payments
to Fundrise that would be owed under its proposed plan;

   (c) the Second Amended Plan does not provide fair and equitable
treatment to Fundrise because it treats Fundrise's secured claim as
significantly undersecured despite Debtor's own valuation showing
that Fundrise is likely oversecured and because it provides for an
unreasonably low interest rate;

   (d) the Second Amended Plan allows the Debtor's members to
retain their equity interests despite an insubstantial contribution
of new value which does not sufficiently capitalize the Debtor; and


   (e) the Second Amended Plan includes an impermissible injunction
in favor of Debtor's non-debtor members.

Attorney for Fundrise West Coast Opportunistic REIT, LLC:

     Craig Solomon Ganz, Esq.
     Michael S. Myers, Esq
     BALLARD SPAHR LLP
     2029 Century Park East, Suite 1400
     Los Angeles, CA 90067-2915
     Telephone: (480) 318-6701
     Facsimile: (602) 798-5595
     E-mail: ganzc@ballardspahr.com
             myersm@ballardspahr.com

                           About PB 6 LLC

PB 6, LLC, a privately held company in Newbury Park, Calif., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case No. 21-10293) on Feb. 23, 2021.  At the time of the
filing, the Debtor disclosed assets of between $1 million and $10
million and liabilities of the same range.  Judge Maureen Tighe
oversees the case.  Jeffrey S. Shinbrot, APLC, is the Debtor's
counsel.


PB-6, LLC: Plan Disclosures Inadequate, U.S. Trustee Says
---------------------------------------------------------
The United States Trustee has reviewed the Second Amended
Disclosure Statement Describing First Amended Chapter 11 Plan and
the Second Amended Chapter 11 Plan filed by PB-6, LLC.

The U.S. Trustee points out that the Amended Disclosure Statement
contains inadequate information for a hypothetical creditor to
determine if the Amended Plan is feasible.  The Amended Plan will
be funded by a $50,000 contribution from its members and the
members will make the monthly payments to secured classes 1 and 2
which could be over $15,000 per month. The Amended Disclosure
Statement, including Mr. Goldberg's declaration, however, is void
of any information concerning the members' willingness and ability
to fund the contribution.  Additional information should be
provided about the members' ability to fund the Amended Plan,
especially as they have personally guaranteed the loan owed to
Fundrise and Fundrise has taken legal action against them based on
their guaranty.

The U.S. Trustee further points out that there is no information as
to how the Debtor intends to make the balloon payment to Fundrise
by the December 31, 2024 deadline and pay the general unsecured
creditors if it is unable to complete the Project.  The Amended
Disclosure Statement states that the Debtor intends to obtain a
$1,150,000 loan from Agoura Hills Financial to complete the initial
phase of the Project.  The initial phase includes only the
foundation work, sewer tie-ins, underground plumbing and
electrical. The Disclosure Statement fails to state where the
additional funds will come from to complete the Project.  Exhibit B
to the Amended Disclosure Statement projects that the Debtor will
need $5,278,000 to complete the Project.  According to the U.S.
Trustee, a hypothetical creditor should be given information about
what funds the Debtor intends to use to complete the Project and/or
to make the balloon payment to Fundrise and payment to general
unsecured creditors.

                         About PB 6 LLC

PB 6, LLC, a privately held company in Newbury Park, Calif., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case No. 21-10293) on Feb. 23, 2021.  At the time of the
filing, the Debtor disclosed assets of between $1 million and $10
million and liabilities of the same range.  Judge Maureen Tighe
oversees the case.  Jeffrey S. Shinbrot, APLC is the Debtor's
counsel.


PDC ENERGY: Great Western Transaction No Impact on Moody's Ba2 CFR
------------------------------------------------------------------
Moody's Investors Service said that PDC Energy's (PDC, Ba2 stable)
plans to acquire Great Western Petroleum, LLC (Great Western) for
$1.3 billion, including $500 million in net debt, and for an
enhanced return of capital framework, taken together are modestly
credit negative but do not affect the current ratings or stable
outlook.

Despite increase in acquisition related debt and lower availability
of free cash flow for debt reduction due to increase in shareholder
returns, PDC's Ba2 Corporate Family Rating and the stable outlook
remain unchanged because the company has a strong balance sheet as
it repaid $700 million in debt in 2021 and its credit metrics are
expected to remain strong in 2022-23.

The Great Western acquisition will add to PDC's Colorado position,
with new inventory mostly inside Adams county and some
complimenting its existing position in Weld county. The acquisition
will add 185 MMboe of proved reserves (YE21 proved reserves before
the transaction was 814 MMboe), production of 55 Mboe/d (42% oil),
and permitted locations in Weld and Adams County. Weld county
contains 100 locations with 9 approved permits, and Adams county
contains 215 locations with 12 DUCs and 105 approved permits.
Nonetheless, PDC will remain constrained by its primary production
concentration in one basin, the Wattenberg Field of the Rocky
Mountain region in Colorado, where the challenging regulatory
climate further magnifies this concentration risk. Colorado has
stricter rules and regulations pertaining to oil and gas
development relative to other states, such as Texas.

The acquisition will be funded with a combination of equity, debt,
and cash on hand. Excluding the likely assumption of Great Western
debt, the acquisition consideration will include 4 million shares
of PDC common stock and approximately $543 million of cash. While
the acquisition is initially leveraging with the likely assumption
of Great Western's debt and debt financing the cash portion of the
acquisition, the company will add size and scale to its core
position which will increase PDC's ability to generate cash flow
and organically reduce leverage through 2022-2023.

PDC also announced that going forward it would be doubling its base
dividend and returning about 60% of its post-dividend free cash
flow (FCF) to shareholders through either share repurchases and
special dividends. At $75 per bbl WTI price, $4 per Mcf NYMEX
natural gas, and NGL realizations of $27.50, the company assumes it
will generate $1.3 billion in free cash flow in 2022, which it will
allocate between debt reduction and shareholder returns.

The acquisition in isolation could have been considered to be a
modest credit positive because of increase in scale and cash flow
accretion, but its positive impact is largely offset by the
meaningful increases in debt, shareholder returns, and Colorado
exposure. While Moody's expect credit metrics to weaken from the
current solid levels, given the company's strong year-end 2021
balance sheet and the pro-forma cash flow potential from the
acquisition, the company will be able to organically reduce
leverage. Based on Moody's 2022 price deck of $62 per bbl WTI
price, $3 per Mcf NYMEX natural gas, and NGL realizations of about
$25 per bbl, Moody's expect PDC's credit metrics to remain strong
with RCF/debt of 75% - 80% and leverage below 1x.

PDC Energy (PDC) is an independent North American exploration and
production (E&P) company that conducts operations in the Wattenberg
Field in Colorado targeting the Codell and Niobrara formations, and
in the Delaware Basin in the Wolfcamp zones.


PHI GROUP: Incurs $10.6 Million Net Loss in Second Quarter
----------------------------------------------------------
PHI Group, Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q disclosing a net loss of $10.59
million on $5,000 of total revenues for the three months ended Dec.
31, 2021, compared to a net loss of $212,867 on $13,000 of total
revenues for the three months ended Dec. 31, 2020.

For the six months ended Dec. 31, 2021, the Company reported a net
loss of $16.55 million on $25,000 of total revenues compared to a
net loss of $549,131 on $18,000 of total revenues for the six
months ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $5.50 million in total assets,
$6.96 million in total liabilities, and a total stockholders'
deficit of $1.46 million.

The Company has accumulated deficit of $67,115,338 as of Dec. 31,
2021.  The Company incurred net losses for the quarters ended
Dec. 31, 2021, and Dec. 31, 2020.  The Company said these factors
as well as the uncertain conditions that the Company faces in its
day-to-day operations with respect to cash flows create an
uncertainty as to the Company's ability to continue as a going
concern.  The financial statements do not include any adjustments
that might be necessary should the Company be unable to continue as
a going concern.  Management has taken action to strengthen the
Company's working capital position and generate sufficient cash to
meet its operating needs through June 30, 2022 and beyond.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/704172/000149315222005139/form10-q.htm

                         About PHI Group

Headquartered in Irvine, California, PHI Group, Inc.
(www.phiglobal.com) primarily focuses on advancing PHILUX Global
Funds, a group of Luxembourg bank funds organized as "Reserved
Alternative Investment Fund", and building the Asia Diamond
Exchange in Vietnam.  The Company also engages in mergers and
acquisitions and invests in select industries and special
situations that may substantially enhance shareholder value.

PHI Group reported a net loss of $6.55 million for the year ended
June 30, 2021, a net loss of $1.32 million for the year ended June
30, 2020, and a net loss of $2.93 million for the year ended June
30, 2019.  As of Sept. 30, 2021, the Company had $3.56 million in
total assets, $6.08 million in total liabilities, and a total
stockholders' deficit of $2.51 million.


PHUNWARE INC: CVI, Heights Capital Cease to be Shareholders
-----------------------------------------------------------
CVI Investments, Inc. and Heights Capital Management, Inc.
disclosed in a Schedule 13G/A filed with the Securities and
Exchange Commission that as of Dec. 31, 2021, they have ceased to
beneficially own shares of common stock of Phunware, Inc.  A
full-text copy of the regulatory filing is available for free at:

https://www.sec.gov/Archives/edgar/data/1665300/000110465922022529/tm226115d10_sc13ga.htm

                          About Phunware

Headquartered in Austin, Texas, Phunware, Inc. --
http://www.phunware.com-- offers a fully integrated software
platform that equips companies with the products, solutions and
services necessary to engage, manage and monetize their mobile
application portfolios globally at scale.

Phunware reported a net loss of $22.20 million for the year ended
Dec. 31, 2020, a net loss of $12.87 million for the year ended
Dec. 31, 2019, and a net loss of $9.80 million for the year ended
Dec. 31, 2018.  As of Sept. 30, 2021, the Company had $31.95
million in total assets, $18.93 million in total liabilities, and
$13.03 million in total stockholders' equity.


PIPELINE FOODS: Amends Plan to Resolve Chubb Issues
---------------------------------------------------
Pipeline Foods, LLC, et al., and its Official Committee of
Unsecured Creditors submitted an Amended Joint Plan of Liquidation
dated Feb. 24, 2022.

The Revised version of the Plan reflects certain non-material
modifications and corrections and certain changes made to address
and resolve comments received from Chubb.

"Chubb" means, collectively, ACE American Insurance Company,
Federal Insurance Company, Illinois Union Insurance Company, Penn
Millers Insurance Company, Westchester Fire Insurance Company
and/or each and any of their U.S.-based affiliates and successors
in their capacities as Insurers.

"Chubb Settlement Agreement" means the Settlement Agreement and
Release entered into between Pipeline Foods, LLC and Illinois Union
Insurance Company and approved by the Chubb Settlement Order.

"Chubb Settlement Estate Proceeds" means $150,000 of the settlement
amount received by the Debtors from Illinois Union Insurance
Company pursuant to the Chubb Settlement Agreement.

"Chubb Settlement Order" means the Order Approving Settlement Among
Pipeline Foods, LLC and Illinois Union Insurance Company Pursuant
to Federal Rule of Bankruptcy Procedure 9019 entered in the Chapter
11 Cases by the Bankruptcy Court on September 17, 2021.

"Section 503(b)(9) Atlantic Sale/Van Mol Proceeds" means,
collectively, the Section 503(b)(9) Atlantic Sale Proceeds and the
Section 503(b)(9) Van Mol Proceeds, which amount totals
$1,907,549.58.

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

     * Class 5 consists of General Unsecured Claims. Each Holder of
an Allowed Class 5 General Unsecured Claim shall receive a Pro Rata
Share of: (1) the Excess 503(b)(9) Atlantic Sale/Van Mol Proceeds,
if any, to the extent the Liquidating Trustee deems advisable, with
said funds being transferred to the Distribution Account and
earmarked for Allowed General Unsecured Claims if the Liquidating
Trustee declines to make said distribution; and (2) on each
Subsequent Distribution Date, to the extent the Liquidating Trustee
deems advisable, and the Final Distribution Date, subject to the
prior payment in full of any amounts owed to Rabobank in respect of
the Rabobank Liquidation Preference, all then-available proceeds of
the Unsecured Creditor Post-Effective Date Distributable Assets.

     * Class 6 consists of the Subordinated Compeer Unsecured
Claims. Each Holder of an Allowed Subordinated Compeer Unsecured
Claim shall receive a Pro Rata Share of all then-available proceeds
of the Unsecured Creditor Post-Effective Date Distributable Assets
once, and only to the extent that, all Allowed General Unsecured
Claims have been paid in full. The Debtors and the Creditors'
Committee do not anticipate that any payments will be made to the
Holders of Allowed Subordinated Compeer Unsecured Claims.

     * Class 8 consists of all Equity Interests. On the Effective
Date, all Equity Interests shall be deemed canceled, extinguished
and discharged and of no further force or effect, and the Holders
of Equity Interests shall not be entitled to receive or retain any
property on account of such Equity Interests.

Entry of the Confirmation Order shall constitute approval, pursuant
to section 105(a) of the Bankruptcy Code, as of the Effective Date,
of the substantive consolidation of the Debtors for all purposes
related to this Plan, including voting, confirmation,
distributions, and Claim determinations.

On the Effective Date: (i) all assets and liabilities of the
Debtors shall, solely for Distribution purposes, be treated on an
aggregated basis, (ii) each Claim against any of the Debtors shall
be deemed a single Claim against and a single obligation of all of
the Debtors, (iii) any Claims scheduled, filed or to be filed in
the Chapter 11 Cases shall be deemed single Claims against the
Debtors, (iv) all guarantees of one Debtor of the payment,
performance, or collection of obligations of another Debtor shall
be eliminated and canceled, (v) all transfers, disbursements and
Distributions on account of Claims made by or on behalf of any of
the Debtors' Estates hereunder will be deemed to be made by or on
behalf of all of the Debtors’ Estates, and (vi) any obligation of
the Debtors as to Claims will be deemed to be one obligation of all
of the Debtors.

Holders of Allowed Claims entitled to Distributions under this Plan
shall be entitled to their share of assets available for
Distribution to such Claims without regard to which Debtor was
originally liable for such Claims.

A full-text copy of the Amended Joint Liquidating Plan dated Feb.
24, 2022, is available at  https://bit.ly/3K0otQ9 from Stretto,
claims agent.

Counsel for the Debtors:

     Mark Minuti, Esq.
     Monique B. DiSabatino, Esq.
     Matthew P. Milana, Esq.
     SAUL EWING ARNSTEIN & LEHR LLP
     1201 N. Market St., Suite 2300, P.O. Box 1266
     Wilmington, DE 19899
     Tel: (302) 421-6800
     E-mail: mark.minuti@saul.com
             monique.disabatino@saul.com
             matthew.milana@saul.com

          - and -

     Michael L. Gesas, Esq.
     Barry A. Chatz, Esq.
     David A. Golin, Esq.
     Andrew J. Rudolph, Esq.
     SAUL EWING ARNSTEIN & LEHR LLP
     161 North Clark St., Suite 4200
     Chicago, Illinois 60601
     Tel: (312) 876-7100
     E-mail: michael.gesas@saul.com
             barry.chatz@saul.com
             david.golin@saul.com
             andrew.rudolph@saul.com

Counsel to the Official Committee of Unsecured Creditors:

     Kevin G. Collins, Esq.
     BARNES & THORNBURG LLP
     1000 N. West St., Suite 1500
     Wilmington, DE 19801
     Tel: (302) 300-3434
     E-mail: kevin.collins@btlaw.com

          - and -

     Connie A. Lahn, Esq.
     Molly N. Sigler, Esq.
     BARNES & THORNBURG LLP
     2800 Capella Tower, 225 South Sixth St.
     Minneapolis, MN 55402
     Tel: (612) 333-2111
     E-mail: connie.lahn@btlaw.com
             molly.sigler@btlaw.com

          - and -

     Kevin C. Driscoll, Jr., Esq.
     BARNES & THORNBURG LLP
     One N. Wacker Dr., Suite 4400
     Chicago, IL 60606
     Tel: (312) 214-8322
     E-mail: Kevin.driscoll@btlaw.com

                     About Pipeline Foods

Pipeline Foods, LLC -- https://www.pipelinefoods.com/ -- is the
first U.S.-based supply chain solutions company focused exclusively
on non-GMO, organic, and regenerative food and feed. It is based in
Fridley, Minn.

Pipeline Foods and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 21-11002) on July 8, 2021.  The
affiliates are Pipeline Holdings, LLC, Pipeline Foods Real Estate
Holding Company, LLC, Pipeline Foods, ULC, Pipeline Foods Southern
Cone S.R.L., and Pipeline Foods II, LLC. In the petition signed by
CRO Winston Mar, Pipeline Foods disclosed between $100 million and
$500 million in both assets and liabilities.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Saul Ewing Arnstein & Lehr, LLP as legal
counsel; Ocean Park Securities, LLC as investment banker; Baker
Tilly US, LLP and Baker Tilly Windsor, LLP as tax consultants; and
The Finley Group, Inc. as financial advisor.  Matthew Smith,
managing director at Finley Group, serves as chief restructuring
officer.  Stretto is the claims, noticing and administrative
agent.

Bryan Cave Leighton Paisner, LLP, serves as legal counsel to the
Board of Directors.

On July 22, 2021, the U.S. Trustee for Region 3 appointed an
official committee of unsecured creditors. The committee tapped
Barnes & Thornburg, LLP as its legal counsel and Dundon Advisers,
LLC as its financial advisor.

Bryan Cave Leighton Paisner LLP serves as special counsel to the
board of managers of Pipeline Holdings, LLC, one of the affiliated
debtors.


PLATINUM GROUP: Deepkloof Ltd, et al. Report 25.9% Equity Stake
---------------------------------------------------------------
Deepkloof Limited, HCI Invest14 Holdco (Pty) Limited, and Hosken
Consolidated Investments Limited disclosed that as of Feb. 11,
2022, they beneficially own 24,837,349 shares of common stock of
Platinum Group Metals Ltd., representing 25.9 percent (based on
95,891,331 common shares outstanding as of Feb. 21, 2022, as
disclosed on the issuer's website on such date).

From April 27, 2021 to May 10, 2021, HCI, through Deepkloof, sold
an aggregate of 294,495 shares in open market transactions on the
New York Stock Exchange for aggregate gross proceeds of
$1,521,038.

On Feb. 11, 2022, HCI purchased an aggregate of 3,539,823 shares
directly from Platinum in a non-brokered private placement.  The
shares were sold at a price per share of $1.695 for aggregate gross
proceeds to Platinum of $6.0 million.  After giving effect to the
February 11 private placement, the reporting persons beneficially
owned 25.9% of the total amount of shares outstanding as of Feb.
21, 2022.

HCI holds 100% of the equity interests in Invest14, and Invest14
holds 100% of the equity interests in Deepkloof.  As a result, each
of HCI and Invest14 may be deemed to beneficially own, and have
shared voting and dispositive power with respect to, all those
shares.

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

https://www.sec.gov/Archives/edgar/data/1095052/000119312522048588/d130940dsc13da.htm

                    About Platinum Group Metals

Headquartered in British Columbia, Canada, Platinum Group Metals
Ltd. -- http://www.platinumgroupmetals.net-- is a platinum and
palladium focused exploration, development and operating company
conducting work primarily on mineral properties it has staked or
acquired by way of option agreements or applications in the
Republic of South Africa and in Canada.

Platinum Group reported a loss of $13.06 million for the year ended
Aug. 31, 2021, a loss of $7.13 million for the year ended Aug. 31,
2020, a loss of $16.78 million for the year ended Aug. 31, 2019,
and a loss of $41.02 million for the year ended Aug. 31, 2018.


PLAYA HOTELS: Incurs $89.7 Million Net Loss in 2021
---------------------------------------------------
Playa Hotels & Resorts N.V. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$89.68 million on $534.64 million of total revenue for the year
ended Dec. 31, 2021, compared to a net loss of $262.37 million on
$273.19 million of total revenue for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $2.06 billion in total assets,
$1.43 billion in total liabilities, and $630.83 million in total
shareholders' equity.

As of Dec. 31, 2021, the Company held $270.1 million in cash and
cash equivalents, excluding $23.5 million of restricted cash.
Total interest-bearing debt was $1,145.2 million, comprised of the
Company's Senior Secured Term Loan due 2024 and its property loan
due 2025.  Effective March 29, 2018, the Company entered into two
interest rate swaps to fix LIBOR at 2.85% on $800.0 million of its
variable rate Term Loan.  As of Dec. 31, 2021, there was no balance
outstanding on its $85.0 million Revolving Credit Facility.

Management Commentary

"The Playa team once again did an excellent job during the fourth
quarter dealing with the operational challenges, on both the
staffing and demand front, presented by the increase in COVID-19
cases.  Our focus on ADR discipline combined with improving airlift
and guest demand led to better than expected margin performance.
While Mexico continued its steady recovery, the standout in the
quarter was the sequential improvement in the Dominican Republic
driven by the return of our European guests.  Jamaica remained
subdued due to more stringent COVID-related travel restrictions
compared to our other segments but the performance in the Dominican
Republic makes me optimistic about the potential recovery in
Jamaica when we move beyond the pandemic.

"The momentum from the fourth quarter has carried over into the new
year with several successive weeks in January setting weekly
revenue bookings records.  In fact, our revenue and ADR pacing
continue to be quite robust and well ahead of 2021 for every
quarter of 2022, even as we lap the surge in bookings we saw in
2021," said Bruce D. Wardinski, Chairman and CEO of Playa Hotels &
Resorts.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1692412/000169241222000042/plya-20211231.htm

                    About Playa Hotels & Resorts

Playa Hotels & Resorts is an owner, operator and developer of
all-inclusive resorts in prime beachfront locations in popular
vacation destinations in Mexico and the Caribbean.  As of Dec. 31,
2021, Playa owned and/or managed a total portfolio consisting of 22
resorts (8,366 rooms) located in Mexico, Jamaica, and the Dominican
Republic.  In Mexico, Playa owns and manages Hyatt Zilara Cancun,
Hyatt Ziva Cancun, Wyndham Alltra Cancun, Wyndham Alltra Playa del
Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva
Puerto Vallarta, and Hyatt Ziva Los Cabos.  In Jamaica, Playa owns
and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton
Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and
Jewel Paradise Cove Beach Resort & Spa.  In the Dominican Republic,
Playa owns and manages the Hilton La Romana All-Inclusive Family
Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt
Zilara Cap Cana and Hyatt Ziva Cap Cana.  Playa owns two resorts in
the Dominican Republic that are managed by a third-party and
manages five resorts on behalf of third-party owners.  

Playa reported a net loss of $262.37 million for the year ended
Dec. 31, 2020, compared to a net loss of $4.36 million for the year
ended Dec. 31, 2019. As of Sept. 30, 2021, the Company had $2.02
billion in total assets, $1.39 billion in total liabilities, and
$623.95 million in total shareholders' equity.


PLUS THERAPEUTICS: Widens Net Loss to $13.4 Million in 2021
-----------------------------------------------------------
Plus Therapeutics, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$13.40 million on zero development revenue for the year ended Dec.
31, 2021, compared to a net loss of $8.24 million on $303,000 of
development revenue for the year ended Dec. 31, 2020.  The increase
in net loss is primarily due to the increase in research and
development expenses.

As of Dec. 31, 2021, the Company's cash balance was $18.4 million,
compared to $8.3 million as of Dec. 31, 2020.  In 2021 and in 2022
to date, the Company strengthened its balance sheet by raising
$28.5 million.  As a result, at Jan. 31, 2022, the Company's cash
balance was $23.0 million.

Through 2021, the Company continued to utilize the $3 million grant
from the NIH/National Cancer Institute for funding of the clinical
trials for the ReSPECT-GBM Phase 1/2 trial.

Total operating expenses for full year 2021 were $12.5 million,
compared to total operating expenses of $9.9 million for full year
2020.  This increase is primarily due to increased research and
development expenses in 2021.

As of Dec. 31, 2021, the Company had $21.98 million in total
assets, $11.15 million in total liabilities, and $10.84 million in
total stockholders' equity.

"In 2021, the Company significantly advanced its lead 186RNL
program and expanded its pipeline," said Marc H. Hedrick M.D.,
president and chief executive officer of Plus Therapeutics.  "Our
2022 plan will build on our successful 2021 track record.  This
year we have planned an aggressive schedule of development
activities in conjunction with continued strengthening of our
balance sheet."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1095981/000156459022006708/pstv-10k_20211231.htm

                      About Plus Therapeutics

Headquartered in Austin, Texas, Plus Therapeutics, Inc. --
http://www.plustherapeutics.com-- is a clinical-stage
pharmaceutical company focused on the discovery, development, and
manufacturing scale up of complex and innovative treatments for
patients battling cancer and other life-threatening diseases.

Plus Therapeutics reported a net loss of $10.89 million for the
year ended Dec. 31, 2019, a net loss of $12.63 million for the year
ended Dec. 31, 2018, and a net loss of $22.68 million for the year
ended Dec. 31, 2017.


POST OAK TX: Wins Interim Cash Collateral Access
------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
West Palm Beach Division, has authorized Post Oak TX, LLC to
continue using cash collateral on an interim basis in accordance
with the budget, for March 2022.

RSS JPMBB20I4-C25 - TX POT, LLC asserts an interest in the Debtor's
cash collateral.

A further interim hearing on the Debtor's continued cash collateral
access is set for March 30 at 1:30 p.m.  

The Court held that any further budget(s) to be considered at the
Continued Interim Hearing must be furnished to the Lender and
parties-in-interest, and filed with the Court no later than March
22. Any objections to a further budget(s), or to the Debtor's
continued use of Cash Collateral must be filed on or before March
28.

On January 27, 2022, the Court entered its Sixth Interim Order (I)
Authorizing Use of Cash Collateral Pursuant to 11 U.S.C. section
363, (II) Providing Secured Lender Adequate Protection Pursuant to
11 U.S.C. sections 361 and 363 and (III) Scheduling a Further
Interim Hearing. The Prior Cash Collateral Order provided that the
deadline for the Debtor to challenge the validity or priority of
the Lender's asserted lien against the Debtor's assets shall be
February 23, 2022, which would be the last extension of the Lien
Challenge Deadline. Notwithstanding the terms of the Prior Cash
Collateral Order, with the consent of the Lender, the Lien
Challenge Deadline has been extended to March 30, 2022. Absent
timely action by the Debtor on or before the Lien Challenge
Deadline, the Debtor will be deemed to have stipulated to the
validity and priority of the Lender's lien, the specific language
of which will be memorialized in a further Court order. To the
extent of any discrepancy between the current Order and the October
4 Order, the current Order will govern.

A copy of the order and the Debtor's March 2022 budget is available
at https://bit.ly/3vtnC6E from PacerMonitor.com.

The budget  includes a line item of $100,000 for legal fees. As
announced at the hearing, this amount will only be used to pay fees
and costs of the Debtor's professionals previously applied for and
awarded by the Court.

The Debtor projects $1,918,349 in revenue cash collections and
$1,628,646 in total operating expenses.

                      About Post Oak TX, LLC

Post Oak TX, LLC is part of the traveler accommodation industry.
Post Oak TX 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.



PRINCE FASHIONS: Taps Louis Fogel & Associates as Special Counsel
-----------------------------------------------------------------
Prince Fashions, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Louis Fogel &
Associates as its special litigation counsel.

The Debtor requires legal assistance to pursue the claims asserted
in the adversary proceeding (Adv. Proc. No. 19–08714-rdd) against
60G 542 Broadway Owner, LLC and 542 Holding Corp.

Louis Fogel & Associates will bill $405 per hour for its services.
The retainer fee is  $20,000.

As disclosed in court filings, Louis Fogel & Associates does not
represent interests adverse to the Debtor and its estate with
respect to the matters upon which it is to be employed.

The firm can be reached through:

     Louis Fogel, Esq.
     Louis Fogel & Associates
     75 Wall  Street, Suite 33-A
     New York, NY 10005
     Phone: 212-944-1580
     Fax: 212-944-1869
     Email: LouisFogel@LouisFogelLaw.com

                       About Prince Fashions

Prince Fashions, Inc. is a corporation established in 1974 under
the laws of New York.  The company, as tenant, manages a parcel of
commercial real estate located at 542 Broadway, N.Y., pursuant to a
99-year lease with landlord 542 Holding Corp.

Prince Fashions sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-23079) on May 29,
2019, listing up to $50 million in assets and up to $1 million in
liabilities.  Judge Robert D Drain oversees the case.  

Rosen & Associates, P.C. and Louis Fogel & Associates serve as the
Debtor's bankruptcy counsel and special litigation counsel,
respectively.


PUERTO RICO: PREPA Bondholders Say Mediator Needed for Plan B
-------------------------------------------------------------
The Ad Hoc Group of PREPA Bondholders, a group of holders of bonds
issued by the Puerto Rico Electric Power Authority (PREPA), filed
in mid-February 2022 an urgent motion to:

   (i) reappoint the Honorable Barbara J. Houser (Ret.) as mediator
to facilitate negotiations between the Financial Oversight and
Management Board for Puerto Rico  and the Ad Hoc Group in
connection with a path forward if the RSA  legislation is not
passed and, once that objective is achieved, a comprehensive
resolution of issues and claims in PREPA's Title III case through a
plan of adjustment with other creditors if necessary, and

  (ii) to impose deadlines with respect to a plan of adjustment for
the PREPA.

On Feb. 28, the Official Committee of Unsecured Creditors said in
court filings that it is not opposed to mediation to try to reach a
global resolution with all parties in interest, including the
Committee, regarding a PREPA plan of adjustment.

However, according to the Creditors Committee, the PREPA
bondholders are asking the Court to impose a plan and confirmation
schedule and implement a mediation process that would not only
continue to bar the Committee from pursuing its objection to the
PREPA bond claims, but would apparently not even permit the
Committee to participate
in the mediation until after talks between the Oversight Board and
the PREPA bondholders have concluded -- and only then if the
mediator believes that such participation "may broaden support for
a PREPA plan of adjustment to be filed by the Oversight Board."

"No global resolution will occur, however, if the PREPA bondholders
and the Oversight Board are allowed to negotiate a deal among
themselves first and then attempt to involve the Committee and
other parties later.  This approach has not succeeded in the past
in these cases -- including when the Oversight Board mediated
unilaterally with the HTA bondholders in the HTA case, relegating
the Committee to the sidelines until after the Oversight Board
reached a deal with the HTA bondholders -- and will inevitably fail
again here.  Any mediation process must involve all of PREPA’s
key stakeholders, including most notably the Committee," the
Creditors Committee tells the Court.

In response to the objection by the Creditors Committee and other
parties, the PREPA bondholders note the thrust of most of
the "objections" is simply to request that the mediation be
broadened in scope and include the objectors as parties.  The Ad
Hoc Group notes that it has filed a revised proposed order that
which makes clear that all parties are welcome to participate and
allows the mediator to determine the order in which to meet with
parties.

                         PREPA Plan Deal

The Ad Hoc Group believes that the RSA -- a preexisting consensual
agreement negotiated over a number of years that resolves the
overwhelming majority of PREPA's financial debt -- is the most
logical starting place for the mediation.

According to the bondholders, the Oversight Board and AAFAF have
reaffirmed their support for the RSA as the basis for a PREPA plan.
The RSA remains the right deal, with "gargantuan benefits" for
PREPA and the people of Puerto Rico.  It reduces legacy debt by
more than $2 billion and the present value of PREPA's debt service
by at least 40%, while offering an "unprecedented" benefit to
ratepayers: under the terms of the RSA, PREPA is not contractually
obligated to increase rates to ratepayers above a pre-set,
non-fluctuating charge to cover debt service.  The RSA also
resolves significant pending litigation that, if left unabated,
could mire PREPA in years of litigation, expose
it to billions of dollars of additional debt payments, and risk
delaying its emergence from Title III indefinitely.

As currently drafted, the RSA requires legislation.  Wile the Ad
Hoc Group welcomes the opportunity to continue to engage with the
Puerto Rico Legislature, it is clear that simply continuing to wait
for passage of the legislation is not a viable option.

The Ad Hoc Group believes that a Plan B solution that preserves the
benefits of the RSA is achievable. The Ad Hoc Group believes that a
mediator can assist the parties in reaching a non-legislative
solution to the RSA.  The framework of the RSA already exists, and
it provides enormous benefits for both sides.  What the parties
need is a neutral third party that is empowered to establish a
structured process for engagement and negotiation.

The bondholders assert that the Creditors Committee (with two PREPA
creditors among its seven members) questions the business judgment
of the Oversight Board and AAFAF in having reached the RSA, and
makes clear that it prefers to engage in years of scorched earth
litigation that would indefinitely delay PREPA's exit from Title
III.

                        About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ('PROMESA').

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017. On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases. The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are on-board as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at
https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                          *     *     *

The two Title III plans of adjustment have been confirmed to date,
for the Commonwealth and COFINA debtors.


QUICK CASH: Court Junks Al-Assi Bid to Set Aside Default Judgment
-----------------------------------------------------------------
Before the Judge David T. Thuma of the United States Bankruptcy
Court for the District of New Mexico is Nael Al-Assi's motion to
set aside a default judgment under Fed.R.Civ.P. 60(b). The Court
entered the judgment because Mr. Al-Assi did not appear for trial
on the merits in the adversary proceeding captioned YVETTE J.
GONZALES, chapter 7 trustee, Plaintiff, v. TIMOTHY DELGADO, STACEY
DELGADO, PAT MATAYA, MATAYA CONSTRUCTION CO., INC., GALLUP LUMBER &
SUPPLY CO., RED MESA ELECTRIC ENTERPRISES, LLC, ELKHORN CABINETS,
LLC, REHOBOTH CHRISTIAN SCHOOL, ONEMAIN FINANCIAL F/K/A
CITIFINANCIAL, SYNCHRONY BANK, NEW YORK LIFE INSURANCE COMPANY,
FIDELITY AND GUARANTY LIFE INSURANCE COMPANY, and NAEL AL-ASSI,
Defendants, Adv. No. 17-1051-t (Bankr. D.N.M.).

The Plaintiff filed an amended complaint, seeking to recover more
than a million dollars alleged to have been fraudulently
transferred by the Debtor within two years prepetition. Mr. Al-Assi
is one of the defendants; the Plaintiff sought to recover $60,000
paid to Mr. Al-Assi about a year prepetition. Plaintiff's claims
against all defendants hinged on the Debtor's alleged insolvency
when the transfers were made.

The Plaintiff moved at the beginning of trial for default judgments
against all "no shows." The Court granted the motion orally,
instructing Plaintiff's counsel to submit forms of judgment
post-trial. Mr. Al-Assi now argues the judgment should be set aside
under clauses (1) (excusable neglect); (5) (prospective application
inequitable); and/or (6) (other reason justifying relief) of Rule
60(b).

Having considered the record, the relevant law, and the parties'
arguments, the Court concludes that the motion should be denied.
According to Judge Thuma, citing Ogden v. San Juan County, 32 F.3d
452, 455 (10th Cir. 1994), being pro se does not excuse a litigant
from adhering to deadlines, attending hearings, or following the
rules of procedure.

Having been alerted to the proceedings by repeated notices and
orders, including two orders on the trial date, Mr. Al-Assi decided
for unknown reasons not to retain counsel, participate in the
litigation, or attend trial, Judge Thuma points out. If after
answering the complaint Mr. Al-Assi had trouble deciding how best
to defend himself, he should have hired a lawyer, Judge Thuma
notes. His command of the language is more than sufficient to read
and understand a document as simple as the Court's order setting
trial, Judge Thuma continues. Mr. Al-Assi did not make the required
"demonstration of . . . some reasonable basis for noncompliance
within the time specified in the rules," the court notes.

Moreover, Judge Thuma holds there is an indication of a lack of
good faith: while Mr. Al-Assi first claimed he did not get notice
of the trial, he now admits that he did get notice but did not
understand it. These positions cannot be reconciled.

Balancing the factors and giving more weight to the reason why Mr.
Al-Assi failed to attend the trial, the Court finds Mr. Al-Assi's
neglect was not excusable.

A full-text copy of Judge Thuma's Opinion dated February 18, 2022,
is available at https://tinyurl.com/frbc7knk from Leagle.com.

                       About Quick Cash Inc.

Quick Cash Inc. doing business as Cash Cow Loan Company, Cash Cow
Furniture, and Cash Cow Tires & Service, is a New Mexico
corporation headquartered in Gallup. Formed in 2003, Quick Cash is
wholly owned by Timothy and Stacey Delgado. Quick Cash's operations
included consumer lending, tax refund lending, a retail furniture
business, and an automobile tire and service center.

Quick Cash filed for chapter 11 bankruptcy protection (Bankr D.N.M.
Case No. 15-11800-t7) on July 6, 2015. The case was converted to
Chapter 7 on August 11, 2017.


REGIONAL HEALTH: Incurs $1.2 Million Net Loss in 2021
-----------------------------------------------------
Regional Health Properties, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K disclosing a net
loss of $1.18 million on $26.69 million of total revenues for the
year ended Dec. 31, 2021, compared to a net loss of $688,000 on
$17.58 million of total revenues for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $105.70 million in total
assets, $95.30 million in total liabilities, and $10.40 million in
total stockholders' equity.

At Dec. 31, 2021, the Company had $6.8 million in cash, including a
Medicaid overpayment of $1.5 million received in the third and
fourth quarter of 2021, which the Company expects to repay in the
near future and is recorded in "Accrued Expenses" in the Company's
consolidated balance sheets as of Dec. 31, 2021.  Additionally, the
Company has approximately $3.1 million of restricted cash and $52.9
million in indebtedness net of $1.3 million deferred financing and
unamortized discounts, of which the Company anticipates net
principal repayments of approximately $1.9 million during the next
twelve-month period.  Additionally, as of Dec. 31, 2021, as a
result of the suspension of the dividend payment on the Series A
Preferred Stock commencing with the fourth quarter 2017 dividend
period, the Company has $36.9 million of accumulated accrued and
unpaid dividends.

"Management anticipates access to, and receipt of, several sources
of liquidity, including cash from operations and cash on hand.  We
have routine ongoing discussions with existing and potential new
lenders to refinance current debt on a longer-term basis and, in
recent periods, have refinanced short-term acquisition-related debt
with traditional long-term mortgage notes, some of which have been
executed under government guaranteed lending programs.

"In order to satisfy the Company's capital needs, the Company is
undertaking measures to grow its operations, streamline its cost
infrastructure and otherwise increase liquidity by: (i) refinancing
or repaying debt to reduce interest costs and mandatory principal
repayments, with such repayment to be funded through potentially
expanding borrowing arrangements with certain lenders; (ii)
increasing future lease revenue through acquisitions and
investments in existing properties; (iii) modifying the terms of
existing leases; (iv) replacing certain tenants who default on
their lease payment terms; and (v) reducing other and general and
administrative expenses.

"The Company anticipates that these actions, if successful, will
provide the opportunity to maintain its liquidity, thereby
permitting the Company to better meet its operating and financing
obligations.  However, there is no guarantee that such actions will
be successful."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1004724/000156459022005755/rhe-10k_20211231.htm

                       About Regional Health Properties

Regional Health Properties, Inc. (NYSE American: RHE) (NYSE
American: RHEpA) -- http://www.regionalhealthproperties.com/-- is
a self-managed healthcare real estate investment company that
invests primarily in real estate purposed for senior living and
long-term healthcare through facility lease and sub-lease
transactions.

Regional Health reported a net loss of $688,000 for the year ended
Dec. 31, 2020, compared to a net income of 5.50 million for the
year ended Dec. 31, 2019.  As of Sept. 30, 2021, the Company had
$107.02 million in total assets, $96.15 million in total
liabilities, and $10.88 million in total stockholders' equity.


RENEWABLE ENERGY: Moody's Puts 'B1' CFR Under Review for Upgrade
----------------------------------------------------------------
Moody's Investors Service placed the ratings of Renewable Energy
Group, Inc. (REG) on review for upgrade, including its B1 Corporate
Family Rating, B1-PD Probability of Default rating and B2 rating on
its senior secured notes.

The review of REG's ratings follows the announcement[1] that REG
and Chevron Corporation (Chevron) have reached an agreement in
which Chevron will acquire REG's outstanding shares in an all-cash
transaction valued at $3.15 billion. Chevron will pay $61.50 in
cash for each share of REG. The acquisition, which has been
approved by the boards of directors of both companies, is subject
to REG's shareholder approval and regulatory reviews. It is
expected to close in the second half of 2022.

"The potential ownership by Chevron is a positive for Renewable
Energy given Chevron's much stronger credit profile," stated James
Wilkins, Moody's Vice President - Senior Analyst.

The following summarizes the ratings activity.

On Review for Upgrade:

Issuer: Renewable Energy Group, Inc.

Corporate Family Rating, Placed on Review for Upgrade, currently
B1

Probability of Default Rating, Placed on Review for Upgrade,
currently B1-PD

Senior Secured Regular Bond/Debenture, Placed on Review for
Upgrade, currently B2 (LGD4)

Outlook Actions:

Issuer: Renewable Energy Group, Inc.

Outlook, Changed To Rating Under Review From Stable

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

REG's ratings were placed on review for upgrade based on their
potential ownership by Chevron (Aa2 stable) which has a stronger
credit profile and greater financial resources. While the agreement
and plan of merger provides for a potential redemption or repayment
of REG's debt, Chevron has not commented on how the REG debt will
be treated. As of September 30, 2021, REG had $550 million of
secured notes due 2028, no outstanding borrowings under its
revolving credit facility (unrated) and cash and marketable
securities (inclusive of long-term securities) totaling $1.0
billion. The holders of the secured notes due 2028 have the right
to require the company to repurchase the notes at a price of 101,
upon the occurrence of a Change in Control or once a definitive
agreement is in place for the Change in Control. However, if REG's
notes remain outstanding and are guaranteed by Chevron then the
ratings on the notes would be upgraded to Chevron's rating level.
If REG were to be an unguaranteed subsidiary of Chevron post
acquisition and continue to provide separate audited financial
statements going forward, then its ratings would likely be upgraded
based on anticipated parental support. However, the ratings upgrade
would likely be limited to the Ba category unless there are
significant changes to REG's stand-alone credit profile. If
separate financial statements and sufficient disclosures are not
made available to support the maintenance of ratings, Moody's will
likely withdraw REG's ratings.

The principal methodology used in these ratings was Refining and
Marketing published in August 2021.

Renewable Energy Group, Inc. is one of North America's largest
producers of advanced biofuels through converting natural fats,
oils and greases into transportation biofuels.


REVANCE THERAPEUTICS: PwC Raises Going Concern Doubt Warning
------------------------------------------------------------
PricewaterhouseCoopers LLP, in San Jose, California, warned that
there is substantial doubt about Revance Therapeutics, Inc.'s
ability to continue as a going concern.

"The Company has suffered recurring losses from operations and
negative cash flows that raise substantial doubt about its ability
to continue as a going concern," PwC said in its Audit Report dated
February 28, 2022, filed together with the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2021.  PwC has
served as the Company's auditor since 2005.

For the year ended December 31, 2021, Revance had a net loss of
$281.3 million. As of December 31, 2021, Revance had a working
capital surplus of $178.8 million and an accumulated deficit of
$1.4 billion. In recent years, Revance has funded operations
primarily through the sale of common stock, convertible senior
notes, payments received from collaboration arrangements, and sales
of the RHA(R) collection of dermal fillers. As of December 31,
2021, Revance had capital resources of $225.1 million consisting of
cash, cash equivalents, and short-term investments.

On October 15, 2021, the Food and Drug Administration issued a
Complete Response Letter regarding Revance's biologics license
application for DaxibotulinumtoxinA for Injection for the treatment
of moderate to severe glabellar (frown) lines. The FDA indicated it
was unable to approve the BLA in its present form due to
deficiencies related to the FDA's onsite inspection at the
Company's manufacturing facility. As a result, the potential
commercial launch of DaxibotulinumtoxinA for Injection for the
treatment of glabellar lines has been delayed.

"The commercial launch delay and its impact on our capital
resources has raised substantial doubt with respect to our ability
to meet our obligations to continue as a going concern. Our
existing cash, cash equivalents, and short-term investments will
not allow us to fund our operations for at least 12 months
following the filing of this Report," the Company said.

"In order to mitigate the substantial doubt to continue as a going
concern, we will be required to raise additional capital to fund
our operations. We will seek additional capital through public or
private equity or debt financings, royalty financings or other
sources, such as strategic collaborations. Additional capital may
not be available when needed, on terms that are acceptable to us or
at all. If adequate funds are not available to us on a timely
basis, or at all, we will be required to take additional actions
beyond the cost preservation measures previously initiated to
address our liquidity needs, including to continue to further
reduce operating expense and delay, reduce the scope of,
discontinue or alter our research and development activities for
DaxibotulinumtoxinA for Injection, the RHA(R) Pipeline Products and
our onabotulinumtoxinA biosimilar program; the development of
OPUL(TM); our sales and marketing capabilities or other activities
that may be necessary to continue to commercialize the RHA(R)
Collection of dermal fillers, OPUL(TM) and our product candidates,
if approved, and other aspects of our business plan.

"If we raise additional capital through marketing and distribution
arrangements, royalty financings or other collaborations, strategic
alliances or licensing arrangements with third parties, we may need
to relinquish certain valuable rights to our product candidates,
technologies, future revenue streams or research programs or grant
licenses on terms that may not be favorable to us. If we raise
additional capital through public or private equity offerings, the
ownership interest of our existing stockholders will be diluted and
the terms of any new equity securities may have a preference over
our common stock. If we raise additional capital through debt
financing, we may be subject to specified financial covenants or
covenants limiting or restricting our ability to take specific
actions, such as incurring additional debt, making capital
expenditures or pursuing certain transactions, any of which could
restrict our ability to commercialize our product candidates or
operate as a business."

Nashville, Tennessee-based Revance is a commercial stage
biotechnology company focused on innovative aesthetic and
therapeutic offerings, including its next-generation, long-acting,
neuromodulator product, DaxibotulinumtoxinA for Injection.  As of
December 31, 2021, the Company had $531 million in total assets
against $462 million in total liabilities.


REYTECH SERVICES: Wins Interim Cash Collateral Access
-----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas has
authorized Reytech Services, LLC to use cash collateral in the
amount of $116,156 to make payroll due for February 18, 2022, and
February 25, 2022. No portion of the Funds will be paid or
delivered to Doug Patterson.

As adequate protection for the Debtor's use of cash collateral,
FCCI Insurance Company is granted a superpriority lien in all of
the Debtor's unencumbered to the extent that the Debtor's use of
cash collateral results in a diminution in value of FCCI's interest
in the Prepetition Collateral as of the Petition Date.

FCCI is also ordered and authorized to deliver and release the
Funds by cashier's check or wire transfer to the Debtor's
Debtor-in-Possession bank account at Southside Bank by no later
than close of business on February 28, 2022.

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

                    About Reytech Services, LLC

Reytech Services, LLC operates a utilities construction company in
Grand Prairie servicing the greater north Texas and surrounding
communities. Its primary business comes from public and municipal
construction projects. Performance of these projects required
surety bonds. Reytech currently has five ongoing project which are
bonded by FCCI Insurance Company.

Reytech sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Tex. Case No. 22-40334) on February 17, 2022. In
the petition signed by Doug Patterson, company owner, the Debtor
disclosed up to $10 million in both assets and liabilities.

Judge Mark X. Mullin oversees the case.

Clayton L. Everett, Esq., at Norred Law, PLLC is the Debtor's
counsel.

FCCI Insurance Company, as creditor, is represented by Law Offices
of Robert M. Fitzgerald, PC and Weinstein Radcliff Pipkin LLP.


RGN-GROUP: Objection to TIAA Claim for Attorneys' Fees Overruled
----------------------------------------------------------------
The Teachers Insurance and Annuity Association of America sought
allowance of attorneys' fees and interest as part of its claim
against debtor H-Work, LLC, asserting damages arising from the
breach of a commercial property lease in Dallas, Texas.

The Debtors objected to TIAA's Claim and, prior to trial, the
parties agreed the Debtors' objection to the portion of TIAA's
Claim related to interest and attorneys' fees would be held in
abeyance until the Court decided the main issues in dispute. On
September 15, 2021, the Court issued an Opinion sustaining, in
part, the Debtors' objection, and allowing TIAA's claim in the
reduced amount of $3,380,155.37.

The Order regarding the Debtors' Objection to TIAA's Claim included
a schedule for considering TIAA's claim for attorneys' fees and
interest. Consistent with that Order, on October 4, 2021, TIAA
filed its request for attorneys' fees in the amount of $736,524.64,
and interest in the amount of $581,758.57.5 Both amounts were set
as of September 30, 2021, and TIAA notes that those amounts will
continue to increase over time.

On October 14, 2021, the Debtors objected to TIAA's request for
attorneys' fees and interest. On December 31, 2021, the Debtors
filed a letter with supplemental authority in support of their
objection to TIAA's interest claim.

Judge Brendan Linehan Shannon of the United States Bankruptcy Court
for the District of Delaware sustained, in part, the Debtors'
objection to TIAA's claim for attorneys' fees with respect to the
fees requested for Munsch Hardt Kopf & Harr, P.C., in connection
with litigation in Texas state courts. The Debtors' remaining
objections to TIAA's claim for attorneys' fees are overruled, and
the Debtors' objection to TIAA's claim for interest is sustained.

According to Judge Shannon, the Court has reviewed the
documentation provided in support of the attorneys' fees and
disagrees that the instances of block billing or other claimed
deficiencies prevent the Court from assessing the reasonableness of
the fees.  Careful review of the billing records submitted reflect
intensive trial preparation, briefing, and discovery entirely
consistent with what the Court would expect for a complex
commercial trial.

With respect to interest, the Court agrees with the thorough and
well-reasoned analysis laid out in In re Hertz Corp on this issue
and concludes TIAA is entitled to interest on its allowed claim at
the federal judgment rate.  Relying on caselaw, the express
language of the Bankruptcy Code, and legislative history, Judge
Walrath determined in Hertz that the federal judgment rate, rather
than the contract rate, should be used to determine the appropriate
amount of postpetition interest payable to unimpaired creditors by
a solvent debtor.  The Court in Hertz wrote:

     "It is true that in the rare solvent chapter 11 debtor case,
some claims may be entitled to post-petition interest under
sections 1129(a)(7) and 726(a)(5). However, those sections do not
reinstate the creditors' contract or state law rights to unmatured
interest that has been disallowed by section 502(b)(2). Instead ...
sections 1129(a)(7) and 726(a)(5) require treatment of claims in
accordance with the mandates of those sections which courts have
concluded require the payment of post-petition interest only at the
federal judgment rate.30 Judge Walrath also observed that applying
the federal judgment rate promotes several important policies of
the Bankruptcy Code, including similar treatment of creditors with
the same priority, predictability, and the efficient administration
of the estate."

With respect to Munsch Hardt in connection with litigation in the
Texas state courts, the Debtors argue Munsch Hardt should not
recover fees for the eviction proceeding that exceed the amount set
in the state court's order. Further, the Debtors argue Munsch Hardt
should not recover attorneys' fees arising from state court
proceedings that are still pending because no final judgment has
been entered. The Debtors also assert the affidavit in support of
Munsch Hardt's fees does not delineate the number of hours spent on
each case matter, making it impossible to determine the amount of
time attributable to litigation of state court matters or the
Debtors' Claim Objection.

Judge Shannon agrees with the Debtors. The lack of documentation
and limited information in Munsch Hardt's affidavit prevent the
Court determining whether the fee request is permissible and, if
so, what amount of attorneys' fees are reasonable. Therefore, the
Debtors' objection to Munsch Hardt's fees will be sustained.

A full-text copy of the Memorandum Opinion dated February 17, 2022,
is available at https://tinyurl.com/ycku67wf from Leagle.com.

                     About RGN-Group Holdings

Headquartered in Chertsey, UK, Regus Group Plc was founded by the
current CEO Mark Dixon in 1989 and is the world's largest provider
of serviced offices and videoconferencing facilities.  Following
the acquisition of HQ Global Workplaces in 2004, it runs a network
of approximately 80,000 workstations in 55 countries around the
world.

RGN-Group Holdings, LLC and its affiliates are primarily engaged in
renting and leasing real estate properties in the U.S.

On Aug. 17, 2020, RGN-Group Holdings and and other U.S. affiliates
of Regus Group sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 20-11961).  At the time of the
filing, RGN-Group Holdings disclosed total assets of $1,005,956,000
and total liabilities of $946,016,000.  

Judge Brendan Linehan Shannon oversees the cases.

The Debtors have tapped Faegre Drinker Biddle & Reath LLP as their
bankruptcy counsel, AlixPartners as financial advisor, Duff &
Phelps LLC as restructuring advisor, and Epiq Corporate
Restructuring LLC as claims and noticing agent.


RIVERA FAMILY: Seeks to Hire TAP Consulting as Accountant
---------------------------------------------------------
Rivera Family Holdings, LLC filed an amended application seeking
approval from the U.S. Bankruptcy Court for the Western District of
Wisconsin to employ TAP Consulting, LLC to provide accounting and
feasibility services for the purpose of confirming a Chapter 11
plan.

Sali Sheafor, CPA, a partner at TAP, has agreed to a flat monthly
rate of $2,000 for her services.

Ms. Sheafor 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 through:

    Sali L. Sheafor, CPA
    AP Consulting, LLC
    3934 Circle Drive
    Holmen, WI 54636
    Tel: (608) 519-3072
    Email: sali@tapconsultantlax.com

                   About Rivera Family Holdings

Rivera Family Holdings, LLC, a privately-held company in Onalaska,
Wis., filed a petition for Chapter 11 protection (Bankr. W.D. Wis.
Case No. 21-12062) on Oct. 6, 2021, listing as much as $10 million
in both assets and liabilities.  Lynnae Rivera, authorized
representative, signed the petition.

Judge Catherine J. Furay presides over the case.

Galen W. Pittman, Esq., at Pittman & Pittman Law Offices, LLC and
TAP Consulting, LLC serve as the Debtor's legal counsel and
accountant, respectively.


RIVERSTREET VENTURES: April 19 Auction of Orleans Parish Property
-----------------------------------------------------------------
Judge Meredith S. Grabill of the U.S. Bankruptcy Court for the
Eastern District of Louisiana issued a preliminary order
authorizing Riverstreet Ventures, LLC's bidding procedures in
connection with the auction sale of the real property bearing
municipal addresses 1239 Brooklyn Street, 200 Lamarque Street, and
203 Lamarque Street in Algiers, Orleans Parish.

The Preliminary Sale Motion is granted to the extent set forth in
the Preliminary Order, with all other issues raised in the
Preliminary Sale Motion being reserved and preserved for later
decision following a final hearing.

The Debtor will provide all information requested by The McEnery
Co. to establish a "data room" no later than two business days
following entry of the Order. The Revised Auction and Bidding
Procedures and incorporated exhibits.

The form of Notice Requesting Bids is approved and, as soon as
practicable after entry of the Order, the counsel for the Debtor
will file and serve the Notice Requesting Bids upon the entire
mailing matrix in the case.

Per the instructions in the Bid Procedures, all bidders, including
Riverstreet Ventures, LLC, a Delaware Limited Liability Company,
must submit a cash deposit of $100,000 and proof of the bidders'
financial ability to consummate its offer to the Bid Committee by
April 12, 2022.

Anyone interested in bidding at the auction must deliver to the Bid
Committee the deposit and bid necessary to constitute a qualified
bid as set forth in the Bid Procedures no later than 5:00 p.m.
(CST) on April 12, 2022. In the event the Bid Committee receives at
least two Qualified Offers, as that term is defined in the
Procedures and the Notice Requesting Bids, before the deadline, the
counsel for the Debtor will file a Notice of Auction by April 15,
2022, and serve it upon the entire mailing matrix of the case and
will promptly file a certificate of service reflecting same.

The minimum bid will be $4.214 million plus a real estate
commission of up to 5%.  Pursuant to the Court's order, the Broker
will receive a commission of 2% of the gross sale price if the
Property is sold to RSVD.  The Broker will receive a commission of
5% of the gross sale price if the Property is sold to any other
party. Accordingly, if RSVD is determined to be a Qualified Bidder,
the minimum bid for RSVD is $4.3 million cash at closing.  Any
other parties interested in submitting a Bid Proposal must make a
minimum offer of $4.436 million
payable in cash at closing unless the Bid Committee approves a
lesser amount.

In the event an auction is invoked, the auction will take place on
April 19, 2022, at 10:00 a.m. (CST), at the office of the Debtor's
counsel, 3027 Ridgelake Drive, Metairie, LA 70002, and will be
conducted pursuant to the approved Bid Procedures as same may be
modified by the Court prior to the Auction. The Bid Increment is
$50,000.

The final hearing will be held on April 26, 2022, at 9:00 a.m. at
the U.S. Bankruptcy Court, Eastern District of Louisiana, 500
Poydras Street, Courtroom B-709, New Orleans, Louisiana or by
telephone conference using: Dial-in Telephone Number: 888-684-8852
and Access Code: 9318283. The parties are directed to the Court's
General Order 2021-2 and General Order 21-17 for instructions
regarding the Court's hybrid model plan for conduct of hearings and
entry of the federal building.

The Movant will serve the Order on the required parties who will
not receive a copy through the ECF system pursuant to the FRBP and
the LBRs and file a certificate of service to that effect within
three days.

                         About Riverstreet Ventures

Metairie, La.-based Riverstreet Ventures, LLC sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La. Case No.
21-10818) on June 23, 2021, disclosing total assets of up to $10
million and total liabilities of up to $50 million.  Philip J.
Spiegelman, president, signed the petition.

Judge Meredith S. Grabill oversees the case.

Simon Peragine Smith & Redfearn, LLP and Middleburg Riddle Group
serve as the Debtor's bankruptcy counsel and special counsel,
respectively.



ROCKDALE MARCELLUS: Gets Court Okay for Liquidation Plan Vote
-------------------------------------------------------------
James Nani of Bloomberg Law reports that Rockdale Marcellus LLC
received conditional approval to solicit creditor votes on its plan
to liquidate in Chapter 11 and distribute about $21 million in cash
that remains in the shale driller's bankruptcy estate.

The amended plan and disclosure statement, approved for voting
purposes Monday, February 28, 2022, would pay in full $13.2 million
in administrative claims and $1.5 million in taxes.  Secured
creditors also would be paid in full.

A "convenience class" of unsecured creditors with claims of up to
$75,000 would recover 50% of their claims.  Unsecured creditors
holding claims larger than $75,000 would recover about 16% of $40
million in claims.

                   About Rockdale Marcellus

Rockdale Marcellus is a northeast Pennsylvania natural gas driller.
It owns and operates 66 producing wells on 42,897 net acres in
three northeast Pennsylvania counties.

On Sept. 21, 2021, Rockdale Marcellus, LLC and Rockdale Marcellus
Holdings, LLC filed petitions for Chapter 11 protection (Bankr.
W.D. Pa. Lead Case No. 21-22080). The Debtors' cases have been
assigned to Judge Gregory L. Taddonio.

Rockdale Marcellus, LLC listed $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

The Debtors tapped Reed Smith, LLP, as bankruptcy counsel; Quinn
Emanuel Urquhart & Sullivan, LLP as special litigation counsel;
Houlihan Lokey Capital, Inc. as financial advisor and investment
banker; and Huron Consulting Services, LLC as restructuring
advisor. John C. DiDonato, managing director at Huron, serves as
the Debtors' chief restructuring officer. Epiq is the claims and
noticing agent and administrative agent.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee of unsecured creditors in the Debtors' Chapter 11 cases
on Oct. 1, 2021. The committee tapped Pachulski Stang Ziehl &
Jones, LLP as lead bankruptcy counsel; Whiteford Taylor & Preston,
LLP as local counsel; and Riveron RTS, LLC as financial advisor.


ROCKWORX INC: Seeks Cash Collateral Access
------------------------------------------
Rockworx, Inc. asks the U.S. Bankruptcy Court for the District of
Colorado for authority to use cash collateral in accordance with an
alternative budget and provide adequate protection to parties
claiming an interest in the Debtor's cash collateral on a
preliminary basis.

The Debtor had considerable financial difficulties in the past few
years and then the impact of COVID-19 hitting hard. Beginning in
July 2021, the Debtor began changing its business model and
business practices and, as a result, its business operation has
been improving. The Debtor has analyzed its financial and operating
difficulties, identified potential changes to its business model
and intends to make these changes as part of its reorganization.

A copy of the motion is available at https://bit.ly/3prD3Z8 from
PacerMonitor.com.

                        About Rockworx Inc.

Rockworx, Inc., an aggregate supplier in Pueblo, Colo., filed its
voluntary petition for Chapter 11 protection  (Bankr. D. Colo. Case
No. 21-14527) on Aug. 31, 2021, listing $1,310,706 in assets and
$1,310,706 in liabilities.  Rockworx President Sean Dudley signed
the petition.

Judge Kimberley H. Tyson oversees the case.

The Fox Law Corporation, Inc. and Kutner Brinen Dickey Riley, P.C.
serve as the Debtor's lead bankruptcy counsel and local counsel,
respectively.  Lucove Say & Co. is the Debtor's accountant.



ROLETTE COUNTY, ND: Moody's Alters Outlook on B2 Rating to Stable
-----------------------------------------------------------------
Moody's Investors Service has affirmed Rolette County, ND's B2
issuer rating and Caa1 lease revenue rating. The county has $9.2
million of rated lease revenue debt outstanding. The outlook has
been changed to stable from negative. The issuer rating is
equivalent to the county's hypothetical general obligation
unlimited tax (GOULT) rating; there is no debt associated with the
GOULT security.

RATINGS RATIONALE

The B2 issuer rating incorporates the county's narrow and limited
financial operations, which are expected to remain weak due to
operating pressure from the county's jail fund, which consumes the
bulk of the county's very limited general fund resources. The jail
facility, which has been a financial burden on the county since it
was built in 2017, was temporarily closed by the state for
compliance violations and reopened in September 2020 with higher
mandated costs and lower revenue. However, in fiscal 2021 the
county was approved through the state's legislative session to
receive additional state aid (around $500,000 annually through
fiscal 2023) to be used for lease payments, and general fund
operations which support the county jail. The county was also
approved to receive a total of $2.8 million of American Rescue Plan
Funds (ARPA), of which it received half as of fiscal 2021. The
county believes the funds could be used for jail operations with
council approval, however no major allocations have been made year
to date. The rating also encompasses the county's small tax base,
below average resident income levels and high debt burden. The
county's constrained revenue-raising ability, weaker budget
management, and inability to effectively manage core operations are
material governance considerations.

The Caa1 lease revenue rating is notched twice from the county's
issuer rating because of the heightened risk of non-appropriation
and the more essential nature of the county's jail facility, which
is the pledged asset.

Governance is a material factor in this rating action. The county
is already levying at the maximum allowable rate and has no
prospects for raising additional revenue. The jail itself has had
issues which management is attempting to address. That said, the
state has taken some interest in the county's finances which helps
to offset some of the weakness.

RATING OUTLOOK

The movement of the county's outlook to stable from negative is
based on the state legislature's recent decision to provide
financial support to the county. The outlook is also based on
recently approved ARPA funding.

The county has made its February 1, 2022 lease payment (interest)
and its next payment (interest and principal) is due August 1,
2022.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

Significant and sustained increase in operating reserves

Substantial improvement in jail operations

Upgrade in issuer rating (lease rating)

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

Continued degradation of operating reserves

Non-appropriation for lease payments (lease rating)

Downgrade in issuer rating (lease rating)

LEGAL SECURITY

The lease revenue bonds are payable from by rental payments made by
the county to the trustee, Zion Bank, subject to annual
appropriation.

PROFILE

Rolette County is located about 10 miles from the border of Canada
(Aaa stable) in north central North Dakota (Aa1 stable) and serves
a population of just over 14,500. The County encompasses an area of
about 913 square miles and includes the Turtle Mountains and the
International Peace Gardens.

METHODOLOGY

The principal methodology used in the issuer rating was US Local
Government General Obligation Debt published in January 2021.


RUM RUNNERS: $1M Sale of Properties to Dive Bar Conditionally OK'd
------------------------------------------------------------------
Judge Gregory L. Taddonio of the U.S. Bankruptcy Court for the
Western District of Pennsylvania conditionally granted Rum Runners
PA, LLC's sale to Dive Bar Holdings, LLC, of two parcels of real
property located at 3385-3379 Babcock Blvd. in the township of
Ross, County of Allegheny, State of Pennsylvania, Allegheny County
tax parcels: 430-G-125 and 430-G-136, for $700,000, together with
personal property, mainly FF&E, located thereon, which is owned by
Rum Runners Saloon, Inc., an affiliate entity, for $300,000,
subject to the Debtor filing an amended ordered approving the sale
under a Certification of the counsel.

The sale is pursuant to their Contract for the Purchase and Sale of
Real Property and Tangible Personalty, dated Nov. 29, 2021.

A continued hearing on the sale motion will be set for the same
date as the plan confirmation hearing.

                     About Rum Runners PA

Gibsonia, Pa.-based Rum Runners PA, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
21-20369) on Feb. 23, 2021.  Mark E. Baranowski, member, signed
the
petition.  In the petition, the Debtor disclosed assets of between
$1 million and $10 million and liabilities of the same range.
Judge
Gregory L. Taddonio oversees the case.  Robert O Lampl Law Office
is the Debtor's legal counsel.



RVT INC: Amends Plan; Confirmation Hearing April 12
---------------------------------------------------
RVT, Inc., submitted an Amended Disclosure Statement which relates
to the accompanying Amended Chapter 11 Plan.

This Chapter 11 Plan proposes to restructure the financial affairs
of the Debtor.

Under the Plan, Class 4 General Unsecured Claims consists of
general unsecured claims, which will receive, over time, the
following estimated percentage of their claims: 100%.

The Plan proponent believes the Plan is feasible because, both on
the Effective Date and for the duration of the Plan, the proponent
estimates that Debtor will have sufficient cash to make all
distributions.

On the Effective Date, all property of the bankruptcy estate will
vest in the reorganized Debtor free and clear of all claims and
interests except as otherwise provided in this Plan.

The payment terms promised in this Plan constitute new contractual
obligations that replace any payment terms that existed prior to
the effective date, and all rights and obligations other than those
new payment terms continue to apply.

The Bankruptcy Court has scheduled April 12, 2022 at 1:00 p.m. as
the Confirmation Hearing/Status Conference.

A full-text copy of the Amended Disclosure Statement dated Feb. 28,
2022, is available at https://bit.ly/341QyXU from PacerMonitor.com
at no charge.

                          About RVT Inc.

Based in Fontana, California, RVT Inc. filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 19-17552) on Aug. 28, 2019, listing
under $1 million in both assets and liabilities.  The Hon. Mark S.
Wallace is the case judge.  OAKTREE LAW represents the Debtor.


SANUWAVE HEALTH: Issues Going Concern Doubt Warning
---------------------------------------------------
SANUWAVE Health, Inc., warned in a recent regulatory filing with
the Securities and Exchange Commission that its recurring losses
from operations and dependency upon future issuances of equity or
other financing to fund ongoing operations have raised substantial
doubt as to its ability to continue as a going concern.

"We will be required to raise additional funds to finance our
operations and remain a going concern; we may not be able to do so,
and/or the terms of any financings may not be advantageous to us,"
the Company said in its quarterly report on Form 10-Q for the
quarterly period ended September 30, 2021, filed last week.

"The continuation of our business is dependent upon raising
additional capital. We expect to devote substantial resources for
the commercialization of the dermaPACE(R) system and intend to
continue to research and develop the non-medical uses of the PACE
technology, both of which will require additional capital
resources. The operating losses and the events of default on the
Company's notes payable indicate substantial doubt about the
Company's ability to continue as a going concern for a period of at
least twelve months from the filing of this Quarterly Report on
Form 10-Q," according to the Company.

SANUWAVE Health explained, "The continuation of our business is
dependent upon raising additional capital to fund operations.
Management's plans are to obtain additional capital in 2022 through
investments by strategic partners for market opportunities, which
may include strategic partnerships or licensing arrangements, or
raise capital through the conversion of outstanding warrants,
issuance of common or preferred stock, securities convertible into
common stock, or secured or unsecured debt. These possibilities, to
the extent available, may be on terms that result in significant
dilution to our existing shareholders. In addition, there can be no
assurances that our plans to obtain additional capital will be
successful on the terms or timeline we expect, or at all. Although
no assurances can be given, management believes that potential
additional issuances of equity or other potential financing
transactions as discussed above should provide the necessary
funding for us. If these efforts are unsuccessful, we may be
required to significantly curtail or discontinue operations or, if
available, obtain funds through financing transactions with
unfavorable terms."

SANUWAVE Health, Inc. is focused on the research, development, and
commercialization of its patented noninvasive and biological
response activating medical systems for the repair and regeneration
of skin, musculoskeletal tissue, and vascular structures. The
Company's lead regenerative product in the United States is the
dermaPACE(R) device used for treating diabetic foot ulcers.

Through the Company's acquisition, on Aug. 6, 2020, of the
UltraMIST(R) assets from Celularity, Inc., SANUWAVE now combines
two highly complementary and market-cleared energy transfer
technologies and two human tissue biologic products, which creates
a platform of scale with an end-to-end product offering in the
advanced wound care market.

As of September 30, 2021, the Company had $19.2 million in total
assets against $48.7 million in total liabilities.


SHAW 3RD HOLDINGS: Seeks Approval to Hire Compass Inc. as Realtor
-----------------------------------------------------------------
Shaw 3rd Holdings, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Columbia to hire Compass, Inc. to market
for sale its real property located at 1901 3rd St., NW, Washington,
DC.

The realtor will receive a 5 percent commission on the gross
selling price of the property, of which 2.5 percent will be paid to
the selling agent (if different from the realtor), plus a flat fee
of $395.

As disclosed in court filings, Compass does not have connections
with the Debtor, creditors and other parties in interest.

The firm can be reached through:

     Kevin Shirley
     Compass, Inc.
     1313 14th Street, NW
     Washington, DC 20005
     Phone: (202) 386 6330

                      About Shaw 3rd Holdings

Shaw 3rd Holdings, LLC filed a voluntary Chapter 7 petition (Bankr.
D. D.C. Case No. 20-00467) on Dec. 2, 2020.  The court converted
the case to one under Chapter 11 on Feb. 24, 2021.  

Judge Elizabeth L. Gunn oversees the case.  

Christopher Rogan, Esq., at RoganMillerZimmerman, PLLC represents
the Debtor as legal counsel.


SHORELINE FENCE-RAILING: Taps Bird & Smith as Bankruptcy Counsel
----------------------------------------------------------------
Shoreline Fence-Railing Co., LLC seeks approval from the U.S.
Bankruptcy Court for the District of South Carolina to hire Bird &
Smith, P.A. to serve as legal counsel in its Chapter 11 case.

The firm's services include assisting the Debtor in complying with
procedural matters, preparing a Chapter 11 plan of reorganization,
and dealing generally with creditors and other matters relating to
the Debtor's estate.

The firm received a retainer in the amount of $12,900.

Reid Smith, Esq., at Bird & Smith, disclosed in a court filing that
the firm is a disinterested person within the meaning of Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Reid B. Smith, Esq.
     Bird & Smith, P.A.
     1712 St Julian Pl # 102
     Columbia, SC 29204
     Phone: +1 803-771-7888
     Email: rsmith@birdsmithlaw.com

                 About Shoreline Fence-Railing Co.

Shoreline Fence-Railing Co., LLC sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D.S.C. Case No. 22-00342)
on Feb. 11, 2022, listing up to $50,000 in assets and up to $1
million in liabilities. Judge John E. Waites oversees the case.

Reid B. Smith, Esq., at Bird & Smith, P.A. serves as the Debtor's
legal counsel.


SKY INN OPERATION: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Sky Inn Operation, Inc.
           d/b/a Staybridge Suites Austin Airport
        1611 Airport Commerce Dr.
        Austin, TX 78741

Business Description: The Debtor is a fee simple owner of a real
                      property located at Lot 9, Block B,
                      Airport Commerce Park, Section I, a
                      subdivision in Travis County, Texas, having
                      an appraised value of $17.4 million.

Chapter 11 Petition Date: February 28, 2022

Court: United States Bankruptcy Court
       Western District of Texas

Case No.: 22-10134

Judge: Hon. Tony M. Davis

Debtor's Counsel: C. Daniel Roberts, Esq.
                  C. DANIEL ROBERTS, P.C.
                  1602 East Cesar Chavez
                  Austin, TX 78702-4456
                  Tel: (512) 494-8448
                  Email: droberts@cdrlaw.net

                    - and -

                  Kell C. Mercer, Esq.
                  KELL C. MERCER, P.C.

Total Assets: $18,098,268

Total Liabilities: $9,000,000

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Armando Batarse Cardenas, president of
Sky Inn Hotels & Suites, Inc, sole shareholder.

The Debtor stated it has no creditors holding unsecured claims.

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

https://www.pacermonitor.com/view/QREJVLQ/Sky_Inn_Operation_Inc__txwbke-22-10134__0001.0.pdf?mcid=tGE4TAMA


SOLEGNA HOLDINGS: $60K Sale of Dallas Property to Roberge Approved
------------------------------------------------------------------
Judge Brenda T. Rhodes of the U.S. Bankruptcy Court for the Eastern
District of Texas authorized Solegna Holdings LLC's sale of the
real property located at 9487 Olde Towne Row, in Dallas, Texas
75227, to Sylvain Roberge for $60,000.

The Sales Contract is approved.

The sale is free and clear of all liens, claims and encumbrances.
Such liens, claims and encumbrances to attach to the proceeds of
sale.

The 2021 ad valorem taxes, along with any penalties and interest
that may have accrued thereon, will be paid in full at closing, and
the liens securing payment of the 2022 ad valorem taxes and any
penalties and interest that may accrue thereon will remain attached
to the property and become the responsibility of the Buyer.

All reasonable and necessary closing costs will be paid at
closing.

The remaining proceeds from the sale will be applied to Hal O.
Collier, the Trustee's indebtedness against the property being
sold.

There will be no 14-day delay in the effectiveness of the Order of
Sale.

                       About Solegna Holdings

Solegna Holdings, LLC filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Texas. Case No.
20-42233) on Nov. 2, 2020.  At the time of the filing, the Debtor
had estimated assets of between $500,001 and $1 million and
liabilities of between $100,001 and $500,000.  The Debtor is
represented by Joyce W. Lindauer Attorney, PLLC.



STATERA BIOPHARMA: Reports Preliminary 2021 Financial Results
-------------------------------------------------------------
Statera Biopharma, Inc. announced unaudited, preliminary revenue
and other financial results for its fiscal year ended Dec. 31,
2021.

   * Revenues for the year ended Dec. 31, 2021 were $1,487,036
representing an increase of 100%, from $0 for the same period in
2020.  The increase in revenues was due to the acquisition of
ImQuest Life Sciences, Inc. and its subsidiaries (ImQuest) in June
2021 by Old Cytocom.  ImQuest is a research and development company
focused specifically on cancer, inflammation and infectious disease
treatments.  The Company reported no revenue in 2020.

   * Cost of revenues for the year ended Dec. 31, 2021 was
$488,314, representing an increase 100% for the same period in
2020.  The increase was due to the acquisition of ImQuest.  Cost of
revenues as a percentage of revenue was 33% for the year ended Dec.
31, 2021.

   * Operating costs for the year ended Dec. 31, 2021 were
$31,587,009, representing an increase of $20,086,619, or 191%, from
$10,501,668 for the 2020.  The increase in operating costs was
principally due to increases in research and development expense
(an increase of $6,566,403 or 125% year over year) and general and
administrative expense (an increase of $14,441,905 or 276% year
over year).  The increase in research and development expense was
the result of increased costs for the expansion in 2021 of clinical
trial programs for Crohn's disease and COVID-19.  The increase in
general and administrative expense reflects the costs incurred for
the Merger and Old Cytocom's acquisition of ImQuest, legal and
other fees incurred to raise additional capital in 2021, increases
in employee compensation, benefits and stock based compensation,
and insurance expense.

    * Other expense for the year ended Dec. 31, 2021 was
$4,328,823, representing an increase of $2,736,630, or 172%, from
other expense of $1,592,193 for the same period in 2020.  The
change is due to an increase of $5,458,954 in interest and other
non-operating expense, offset by an increase of $2,722,324 in gains
on extinguishment of debt.

    * Net loss attributed to the Company for the year ended Dec.
31, 2021 was $34,892,762, representing an increase of $22,798,701,
or 189%, from $12,093,861 for the same period in 2020.  The
increase in net loss is principally due to the increase in
operating expense.

Michael K. Handley, the Company's CEO, stated, "We have taken
numerous steps to further the development of our clinical stage
pipeline that has us well-positioned to achieve numerous milestones
in 2022.  Following the recent submission to the FDA of our Phase 3
clinical trial protocol for STAT-201 in the treatment of pediatric
Crohn's Disease, we plan to use proceeds from our recent registered
direct offering to initiate patient enrollment in the second
quarter.  Additionally, use of proceeds will include the enrollment
of patients with acute COVID-19 infection in our STAT-205 study,
from which we are targeting to have preliminary data this year."

                            About Statera

Statera Biopharma, Inc. (formerly known as Cytocom, Inc. and
Cleveland Biolabs) is a clinical-stage biopharmaceutical company
developing novel immunotherapies targeting autoimmune,
neutropenia/anemia, emerging viruses and cancers based on a
proprietary platform designed to rebalance the body's immune system
and restore homeostasis.

Cleveland Biolabs reported a net loss of $2.44 million for the year
ended Dec. 31, 2020, a net loss of $2.69 million for the year ended
Dec. 31, 2019, a net loss of $3.71 million for the year ended Dec.
31, 2018, and a net loss of $9.84 million for the year ended Dec.
31, 2017.  As of Sept. 30, 2021, the Company had $98.04 million in
total assets, $23.84 million in total liabilities, and $74.19
million in total stockholders' equity.


STEM HOLDINGS: Incurs $4.2 Million Net Loss in First Quarter
------------------------------------------------------------
Stem Holdings, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
of $4.19 million on $4.21 million of revenues for the three months
ended Dec. 31, 2021, compared to a net loss of $3.28 million on
$5.27 million of revenues for the three months ended Dec. 31,
2020.

As of Dec. 31, 2021, the Company had $43.80 million in total
assets, $13.91 million in total liabilities, and $29.90 million in
total shareholders' equity.

Stem Holdings stated "In December 2019, an outbreak of a novel
strain of coronavirus (COVID-19) originated in Wuhan, China, and
has since spread to several other countries, including the United
States.  On June 11, 2020, the World Health Organization
characterized COVID-19 as a pandemic.  In addition, as of the time
of the filing of this Annual Report on Form 10-K, several states in
the United States have declared states of emergency, and several
countries around the world, including the United States, have taken
steps to restrict travel.  The existence of a worldwide pandemic,
the fear associated with COVID-19, or any, pandemic, and the
reactions of governments in response to COVID-19, or any, pandemic,
to regulate the flow of labor and products and impede the travel of
personnel, may impact our ability to conduct normal business
operations, which could adversely affect our results of operations
and liquidity.  Disruptions to our supply chain and business
operations disruptions to our retail operations and our ability to
collect rent from the properties which we own, personnel absences,
or restrictions on the shipment of our or our suppliers' or
customers' products, any of which could have adverse ripple effects
throughout our business.  If we need to close any of our facilities
or a critical number of our employees become too ill to work, our
production ability could be materially adversely affected in a
rapid manner.  Similarly, if our customers experience adverse
consequences due to COVID-19, or any other, pandemic, demand for
our products could also be materially adversely affected in a rapid
manner. Global health concerns, such as COVID-19, could also result
in social, economic, and labor instability in the markets in which
we operate.  Any of these uncertainties could have a material
adverse effect on our business, financial condition or results of
operations.

"These conditions raise substantial doubt as to the Company's
ability to continue as a going concern.  Should the United States
Federal Government choose to begin enforcement of the provisions
under the "ACT", the Company through its wholly owned subsidiaries
could be prosecuted under the "ACT" and the Company may have to
immediately cease operations and/or be liquidated upon its closing
of the acquisition or investment in entities that engage directly
in the production and or sale of cannabis.

"Management believes that the Company has access to capital
resources through potential public or private issuances of debt or
equity securities.  However, if the Company is unable to raise
additional capital, it may be required to curtail operations and
take additional measures to reduce costs, including reducing its
workforce, eliminating outside consultants, and reducing legal fees
to conserve its cash in amounts sufficient to sustain operations
and meet its obligations.  These matters raise substantial doubt
about the Company's ability to continue as a going concern."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1697834/000149315222005114/form10-q.htm

                        About Stem Holdings

Headquartered in Boca Raton, Florida, Stem Holdings, Inc. --
http://www.stemholdings.com-- is a multi-state, vertically  
integrated, cannabis company that, through its subsidiaries and its
investments, is engaged in the manufacture, possession, use, sale,
distribution or branding of cannabis, and holds licenses in the
adult use and medical cannabis marketplace in the states of Oregon,
Nevada, California, Oklahoma and Massachusetts.

Stem Holdings reported a net loss of $64 million for the year ended
Sept. 30, 2021, compared to a net loss of $11.5 million for the
year ended Sept. 30, 2020. As of Sept. 30, 2021, the Company had
$57.19 million in total assets, $22.95 million in total
liabilities, and $34.23 million in total shareholders' equity.

Deer Park, IL-based LJ Soldinger Associates, LLC, the Company's
auditor since 2017, issued a "going concern" qualification in its
report dated Jan. 13, 2022, citing that the Company, and its
affiliates, had net losses of $64 million and $11.5 million,
negative working capital of $2.954 million and $9.235 million and
accumulated deficits of $115.750 million and $51.386 million as of
and for the year ended Sept. 30, 2021 and 2020, respectively.  In
addition, the Company has commenced operations in the production
and sale of cannabis and related products, an activity that is
illegal under United States Federal law for any purpose, by way of
Title II of the Comprehensive Drug Abuse Prevention and Control Act
of 1970, otherwise known as the Controlled Substances Act of 1970.
These facts raise substantial doubt as to the Company's ability to
continue as a going concern.


STEMGENEX MEDICAL: To Pay $3.65 Million in Class Settlement
-----------------------------------------------------------
Jonathan Capriel of Law360 reports that a California federal judge
has given final approval to a $3.65 million class action settlement
against StemGenex Medical Group Inc., a stem cell therapy provider
that filed for Chapter 7 bankruptcy in 2019, for misleadingly
marketing and selling treatments to patients suffering from
"incurable diseases and a dearth of hope."

U.S. District Judge Anthoney J. Battaglia approved the award on
Friday, which includes almost $1.1 million in attorney fees and
about $460,000 for out-of-pocket expenses.  At 30% of the
settlement fund, the attorney fees rate exceeds the normal
benchmark for similar cases, the judge noted.

                 About StemGenex Medical Group

StemGenex Medical Group is a stem cell therapy provider in San
Diego, California. StemGenex sought Chapter 7 bankruptcy protection
(Bankr. S.D. Cal. Case No. 19-05393) on Sept. 5, 2019.  In its
petition, StemGenex listed estimated assets of just $300 in cash
and $1 million in debts and other liabilities.  The case is handled
by Honorable Judge Laura S Taylor. Michael T. O'Halloran, of Law
Office Of Michael T. O'Halloran, is the Debtor's counsel.


SUDBURY PROPERTY: To File Proposed Order on $1.6MM Property Sale
----------------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts, Central Division, ordered Sudbury
Property Management, LLC's counsel to submit a proposed order
consistent with what was discussed at the hearing on the Debtor's
proposed private sale of the real estate situated on 1.71 acres of
land in Marlborough, Massachusetts, and consists of three wood
frame commercial buildings that have been divided into 21
commercial condominium units containing a total of 22,058 feet of
net rentable area,  to Tiago Bruno Alves, Monalisa De Assis and
Rafael Klipp for $1.575 million, free and clear of liens, claims
and interests.

Building # 1 is a two-story office building, divided into four
units on each floor, several of which have been combined to meet
the needs of tenants. Building # 2 is a two-story building with a
walkout basement. It is also divided into four units. Building # 3
is a three-story single unit historic building and the building is
in the demolition stage of being built out.

The proposed order must be in Word format and be submitted to
cjp@mab.uscourts.gov with an email copy to all the parties present
at the hearing.

                 About Sudbury Property Management

Sudbury Property Management, LLC is a privately held company in
the
nonresidential building construction industry. The company is
headquartered in Marlborough, Mass.

Sudbury Property Management filed a petition for Chapter 11
protection (Bankr. D. Mass. Case No. 21-40913) on Dec. 14, 2021,
listing as much as $10 million in both assets and liabilities.
Padraig O'Beime, member, signed the petition.

Judge Christopher J. Panos oversees the case.

The Debtor tapped Francis C. Morrissey, Esq., at Morrissey, Wilson
& Zafiropoulos, LLP as legal counsel.



SUNLIGHT PROPERTIES: Case Summary & Five Unsecured Creditors
------------------------------------------------------------
Debtor: Sunlight Properties, LLC
        11008 Desert Dove Avenue
        Las Vegas, NV 89144

Business Description: The Debtor is the fee simple owner of five
                      real properties located in Las Vegas, Nevada
                      having a total current value of $2.58
                      million.

Chapter 11 Petition Date: March 1, 2022

Court: United States Bankruptcy Court
       District of Nevada

Case No.: 22-10708

Debtor's Counsel: David Mincin, Esq.
                  MINCIN LAW, PLLC
                  7465 W. Lake Mead Boulevard, #100
                  Las Vegas, NV 89128
                  Tel: 702-852-1957
                  Email: dmincin@mincinlaw.com

Total Assets: $2,581,500

Total Liabilities: $1,348,000

The petition was signed by Val Grigorian as managing member.

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

https://www.pacermonitor.com/view/G46FDBY/SUNLIGHT_PROPERTIES_LLC__nvbke-22-10708__0001.0.pdf?mcid=tGE4TAMA


TONARCH 1: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Tonarch 1, LLC
        2249 Duane Street
        Los Angeles, CA 90039

Business Description: Tonarch 1, LLC is a Single Asset Real Estate
                      debtor (as defined in 11 U.S.C. Section 101
                      (51B)).

Chapter 11 Petition Date: March 1, 2022

Court: United States Bankruptcy Court
       Central District of California

Case No.: 22-11117

Judge: Hon. Barry Russell

Debtor's Counsel: Paul E. Manasian, Esq.
                  LAW OFFICE OF PAUL MANASIAN
                  1310 65th Street
                  Emeryville, CA 94608
                  Tel: (415) 730-3419
                  Email: manasian@mrlawsf.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Anne Kihagi as manager.

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

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

https://www.pacermonitor.com/view/T2K2JRI/Tonarch_1_LLC__cacbke-22-11117__0001.0.pdf?mcid=tGE4TAMA


TRANSOCEAN LTD: Incurs $591 Million Net Loss in 2021
----------------------------------------------------
Transocean Ltd. filed with the Securities and Exchange Commission
its Annual Report on Form 10-K disclosing a net loss of $591
million on $2.56 billion of contract drilling revenues for the year
ended Dec. 31, 2021, compared to a net loss of $568 million on
$3.15 billion of contract drilling revenues for the year ended Dec.
31, 2020.

As of Dec. 31, 2021, the Company had $20.68 billion in total
assets, $1.30 billion in total current liabilities, $8.17 billion
in total long-term liabilities, and $11.21 billion in total
equity.

At Dec. 31, 2021, the Company had $976 million in unrestricted cash
and cash equivalents and $436 million in restricted cash and cash
equivalents.  In the year ended Dec. 31, 2021, the Company's
primary sources of cash were net cash provided by operating
activities and net cash proceeds from the issuance of shares under
the ATM Program. The Company's primary uses of cash were debt
repayments and capital expenditures.

Net cash provided by operating activities increased primarily due
to (a) reduced cash paid for interest, (b) the cash payment of $125
million released from restricted cash to satisfy its remaining
obligations under the Plaintiff Steering Committee settlement
agreement in June 2020 with no comparable activity in the current
year and (c) reduced cash paid for income taxes.

Net cash used in investing activities decreased primarily due to
(a) reduced capital expenditures unrelated to the Company's two
newbuilds under construction and (b) reduced investments in
unconsolidated affiliates, partially offset by (c) increased
investments in loans to its unconsolidated affiliates and (d)
reduced proceeds from disposal of assets.

Net cash used in financing activities decreased primarily due to
(a) reduced cash used to repay debt, primarily as a result of the
full redemption of $714 million aggregate principal amount of the
9.00% Senior Notes in February 2020 and (b) aggregate net cash
proceeds from the issuance of 36.1 million shares under the ATM
Program in the current year, partially offset by (c) net cash
proceeds from the issuance of the 8.00% senior notes due February
2027 in January 2020.

"We expect to use existing unrestricted cash balances, internally
generated cash flows, borrowings under the Shipyard Loans or the
Secured Credit Facility, as defined below, or proceeds from the
disposal of assets, the issuance of additional debt or the issuance
of additional shares under the ATM Program to fulfill anticipated
obligations, which may include capital expenditures, working
capital and other operational requirements, scheduled debt
maturities or other payments.  We may consider establishing
additional financing arrangements with banks or other capital
providers, and subject to market conditions and other factors, we
may be required to provide collateral for any such future financing
arrangements.  We continue to evaluate additional potential
liability management transactions in connection with our ongoing
efforts to prudently manage our capital structure and improve our
liquidity.  In each case subject to then existing market conditions
and our expected liquidity needs, among other factors, we may
continue to use existing unrestricted cash balances, internally
generated cash flows and proceeds from asset sales to pursue
liability management transactions, including among others,
purchasing or exchanging one or more existing series of our debt
securities in the open market, in privately negotiated
transactions, through tender offers or through exchange offers.
Any future purchases, exchanges or other transactions may be on the
same terms or on terms that are more or less favorable to holders
than the terms of any prior transaction, including the exchange
transactions completed in the years ended December 31, 2021 and
2020. We can provide no assurance as to which, if any, of these
alternatives, or combinations thereof, we may choose to pursue in
the future, if at all, or as to the timing with respect to any
future transactions.

"The ongoing effect of the COVID-19 pandemic, including virus
variants, and the volatility in oil prices could have significant
adverse consequences for general economic, financial and business
conditions, as well as for our business and financial position and
the business and financial position of our customers and suppliers
and may, among other things, impact our ability to generate cash
flows from operations, access the capital markets on acceptable
terms or at all, and affect our future need or ability to borrow
under our Secured Credit Facility.  In addition to our potential
sources of funding, the effects of such global events may impact
our liquidity or need to alter our allocation or sources of
capital, implement further cost reduction measures and change our
financial strategy.

"We have generated positive cash flows from operating activities
over recent years and, although we cannot provide assurances, we
currently expect that such cash flows will continue to be positive
over the next year.  However, among other factors, if the drilling
market deteriorates, or if we experience poor operating results, or
if we incur expenses to, for example, reactivate, stack or
otherwise assure the marketability of our fleet, cash flows from
operations may be reduced or negative.

"Our ability and willingness to access the debt and equity markets
is a function of a variety of events, including, among others,
general economic conditions, industry conditions, market conditions
and market perceptions of us and our industry and credit rating
agencies' views of our debt.  The rating of the majority of our
long-term debt ("Debt Rating") is below investment grade.  The Debt
Rating is causing us to experience increased fees and interest
rates under our Secured Credit Facility and agreements governing
certain of our senior notes.  Future downgrades may further
restrict our ability to access the debt market for sources of
capital and may negatively impact the cost of such capital at a
time when we would like, or need, to access such markets, which
could have an impact on our flexibility to react to changing
economic and business conditions.  An economic downturn like the
one we are currently experiencing could have an impact on the
lenders participating in our credit facilities or on our customers,
causing them to fail to meet their obligations to us."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1451505/000145150522000017/rig-20211231x10k.htm

                         About Transocean

Transocean Ltd. is an international provider of offshore contract
drilling services for oil and gas wells.  The company specializes
in technically demanding sectors of the offshore drilling business
with a particular focus on ultra-deepwater and harsh environment
drilling services.

For the nine months ended Sept. 30, 2021, the Company reported a
net loss of $331 million.  Transocean reported a net loss of
$1.25 billion for the year ended Dec. 31, 2019.  As of Sept. 30,
2021, the Company had $20.98 billion in total assets, $1.35 billion
in total current liabilities, $8.36 billion in total long-term
liabilities, and $11.27 billion in total equity.

                           *     *     *

As reported by the TCR on July 12, 2021, S&P Global Ratings raised
its issuer credit rating on Switzerland-based offshore drilling
company Transocean Ltd. to 'CCC' from 'CCC-'.  S&P said, "Our 'CCC'
issuer credit rating reflects the potential that the company will
undertake additional distressed transactions over the next year.
Although Transocean has taken steps to improve its liquidity, it
still has significant debt maturities and high capital spending
requirements over the next two years."


U.S. SILICA: Incurs $34.3 Million Net Loss in 2021
--------------------------------------------------
U.S. Silica Holdings, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$34.32 million on $1.10 billion of total sales for the year ended
Dec. 31, 2021, compared to a net loss of $115.12 million on $845.89
million of total sales for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $2.22 billion in total assets,
$1.61 billion in total liabilities, and $614.08 million in total
stockholders' equity.

As of Dec. 31, 2021, the Company had $239.4 million in cash and
cash equivalents, an increase of 59% when compared with Dec. 31,
2020, and total debt was $1.211 billion.  Capital expenditures in
2021 totaled $30.3 million and were primarily related to growth
projects, and other facility improvements and maintenance projects.
During the fourth quarter of 2021, the Company generated $12.6
million in cash flow from operations.

                         Fourth Quarter Results

U.S. Silica reported a net loss of $19.0 million, or $0.25 per
basic and diluted share, for the fourth quarter ended Dec. 31,
2021.  The fourth quarter results were negatively impacted by $3.5
million pre-tax, or $0.03 per diluted share after-tax, of charges
primarily related to merger and acquisition related expense and
other adjustments, resulting in an adjusted loss of $0.22 per basic
and diluted share.

These results compared with net income of $4.6 million, or $0.06
per basic and diluted share, for the fourth quarter of 2020, which
were positively impacted by $31.3 million pre-tax, or $0.32 per
diluted share after-tax, primarily related to the recognition of
$27.2 million of shortfall fees in the Company's Oil and Gas
segment.

Bryan Shinn, chief executive officer, stated, "Our fourth quarter
and full year 2021 results reflected positive market momentum as we
continued to navigate a global economic recovery.  We reported a
strong financial quarter with sequential increases in total
volumes, revenues, and Adjusted EBITDA.  Our outperformance in the
quarter was due primarily to robust customer demand in both
segments, along with efficiency improvements and price increases
that outpaced inflation.

"In our Industrial and Specialty Products segment, customer demand
remained stronger than anticipated across most end markets during
the fourth quarter and we experienced record sales for our
high-purity filtration products.  Additionally, our numerous price
increases and surcharges in 2021 are helping to offset inflation
and maintain margins and we are continuing to increase prices in
2022 as necessary.

"In our Oil and Gas segment, proppant and logistics demand improved
sequentially, driven by stronger customer activity, particularly in
West Texas.  During the quarter, we also executed a number of
contracts at improved prices as customers have been intent on
securing proppant and delivery services for what is expected to be
a very strong first half of 2022.  Given these developments, we are
essentially sold out of sand proppant.

"Overall, 2022 is setting up to be an outstanding year across the
company.  We are well positioned for robust growth in our ISP
segment with demand driven by new opportunities in several
fast-growing end-uses, increased new product adoption, expected GDP
expansion for our base business, and margins that are supported by
further price increases.  In our Oil and Gas segment, strong
customer demand and constructive commodity prices should support
higher prices and improved margins for sand proppant and SandBox as
well.  We are increasing our contract coverage and forecast strong
proppant demand through the first half of the year.  Finally, we
expect to generate free cash flow this year and to continue
de-levering our balance sheet."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1524741/000152474122000006/slca-20211231.htm

                          About U.S. Silica

Headquartered in Katy, Texas, U.S. Silica Holdings, Inc. --
http://www.ussilica.com-- is a global performance materials
company and a producer of commercial silica used in a wide range of
industrial applications and in the oil and gas industry.  In
addition, through its subsidiary EP Minerals, LLC, the Company
produces products derived from diatomaceous earth, perlite,
engineered clays, and non-activated clays.

For the nine months ended Sept. 30, 2021, the Company reported a
net loss of $15.21 million.  U.S. Silica reported a net loss of
$115.12 million in 2020, a net loss of $329.75 million in 2019, and
a net loss of $200.82 million in 2018. As of Sept. 30, 2021, the
Company had $2.24 billion in total assets, $1.61 billion in total
liabilities, and $628.01 million in total stockholders' equity.


USA GYMNASTICS: 7th Circuit Says Liberty Must Give to Nassar Fund
-----------------------------------------------------------------
Rachel Scharf of Law360 reports that a Liberty Mutual unit must
help fund USA Gymnastics' $380 million bankruptcy settlement with
victims of former team doctor and convicted sexual abuser Larry
Nassar, the Seventh Circuit affirmed in a split panel opinion
Friday, February 25, 2022.

The Seventh Circuit affirmed that a Liberty Mutual unit must help
fund USA Gymnastics' $380 million bankruptcy settlement with
victims of former team doctor and convicted sexual abuser Larry
Nassar. Liberty Insurance Underwriters Inc. had appealed a 2020
summary judgment order that it owes USA Gymnastics about $9 million
for hundreds of lawsuits alleging the organization allowed Nassar
to abuse athletes for years.

                      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.


VERTEX ENERGY: Gets Commitment for $125M Senior Secured Loan
------------------------------------------------------------
Vertex Energy, Inc. announced that, in conjunction with its
previously disclosed planned acquisition (through one or more of
its affiliates) of the Mobile refinery and related logistics assets
from Equilon Enterprises LLC d/b/a Shell Oil Products US, the
Company's wholly-owned subsidiary, Vertex Refining Alabama LLC, a
Delaware limited liability company, has entered into a commitment
letter with a syndicate of lenders in respect of a three-year, $125
million first-lien senior secured term loan facility.  The closing
date and the funding of the Term Loan are subject to the closing of
Vertex's planned acquisition of the Mobile Refinery during the
first quarter of 2022, in addition to various conditions precedent,
as set forth in more detail in the Commitment Letter filed with the
Securities and Exchange Commission on the Company's Form 8-K on
Feb. 22, 2022.

The Vertex Term Loan syndicate is led by, among others, certain
funds and accounts managed by each of BlackRock Financial
Management, Inc., Whitebox Advisors, LLC and Highbridge Capital
Management, LLC.  The Term Loan proceeds are expected to be used by
Vertex and its direct wholly-owned subsidiaries to fund a portion
of the purchase price of the Mobile Refinery, a portion of a
planned renewable diesel conversion project at the Mobile Refinery,
liquidity needs, and certain fees and expenses associated with the
closing of the Term Loan.  The Term Loan is expected to be secured
by substantially all of the present and after-acquired assets of
the Company and its subsidiaries and to be guaranteed by the
Company and certain of its subsidiaries.

As described in more detail in the Commitment Letter, the Term Loan
will bear interest at a rate equal to the sum of (i) the greater of
(x) the per annum rate publicly quoted from time to time by The
Wall Street Journal as the "Prime Rate" in the United States minus
1.50% and (y) the Fed Funds rate for such day plus 0.50% (subject
to a floor of 1.0%) plus (ii) 8.75%.  Further, as a closing
condition of the Term Loan, Vertex is required to issue warrants to
purchase an aggregate of 2.75 million shares of common stock of
Vertex, to the lenders on a pro-rata basis based on each lender's
loan commitments. The Lender Warrants will be subject to customary
registration rights and antidilution rights, have a three-year term
and a $4.50 per share exercise price.  The Lender Warrants and the
shares of common stock issuable upon exercise thereof have not been
registered under the Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or
an applicable exemption from registration requirements.

Oppenheimer & Co. Inc. acted as financial advisor and Lead Arranger
to Vertex in connection with the arrangement of this facility.

                        About Vertex Energy

Houston-based Vertex Energy, Inc. (NASDAQ: VTNR) is a specialty
refiner of alternative feedstocks and marketer of high-purity
petroleum products.  Vertex is one of the largest processors of
used motor oil in the U.S., with operations located in Houston and
Port Arthur (TX), Marrero (LA) and Heartland (OH).  Vertex also
co-owns a facility, Myrtle Grove, located on a 41-acre industrial
complex along the Gulf Coast in Belle Chasse, LA, with existing
hydro-processing and plant infrastructure assets, that include nine
million gallons of storage.  The Company has built a reputation as
a key supplier of Group II+ and Group III Base Oils to the
lubricant manufacturing industry throughout North America.

Vertex Energy reported a net loss attributable to the company of
$12.04 million for the year ended Dec. 31, 2020, a net loss
attributable to the company of $5.05 million for the year ended
Dec. 31, 2019, and a net loss attributable to the company of $2.22
million for the year ended Dec. 31, 2018.  As of June 30, 2021, the
Company had $135.11 million in total assets, $79.58 million in
total liabilities, $37.03 million in total temporary equity, and
$18.50 million in total equity.


VTB BANK: S&P Downgrades ICR to 'BB+', On CreditWatch Negative
--------------------------------------------------------------
S&P Global Ratings lowered its long- and short-term issuer credit
ratings on VTB to 'BB+/B' from 'BBB-/A-3. S&P also placed the
ratings on CreditWatch with negative implications. In addition, S&P
lowered to 'BB+' from 'BBB-' its rating on the bank's
U.S.-denominated senior unsecured debt as well as placed our 'B'
rating CreditWatch negative on VTB's subordinated debt. S&P then
suspended the ratings.

As well, S&P lowered its long-term rating on London-based VTB
Capital PLC to 'BB' from 'BB+', placed the ratings on CreditWatch
negative, and suspended them.

Rationale

The Office of Foreign Assets Control's (OFAC's) inclusion of VTB
Bank and VTB Capital in its Specially Designated Nationals and
Blocked Persons list, could materially affect the entities'
operations and financial risk profile. S&P suspended its ratings on
VTB Bank and VTB Capital following the inclusion on the list. S&P
will consider the suspension status and might reinstate the ratings
if the OFAC sanctions are lifted, all else being equal.



WATERLOO AFFORDABLE: Proposed Sale Procedures for All Assets Denied
-------------------------------------------------------------------
Judge Thomas L. Saladino of the U.S. Bankruptcy Court for the
District of Nebraska denied Waterloo Affordable Housing LLC's
proposed sale procedures in connection with the auction sale of
substantially all assets.

The Debtor proposed to sell substantially all assets free and clear
of all liens.

The Debtor will file an amended motion to sell or the case will be
dismissed. The Movant is responsible for giving notice to parties
in interest as required by rule or statute.

                 About Waterloo Affordable Housing

Waterloo Affordable Housing, LLC, a lessor of real estate in
Omaha,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Neb. Case No. 19-81610) on Oct. 30, 2019. At the time of the
filing, the Debtor disclosed up to $10 million in both assets and
liabilities. Judge Thomas L. Saladino oversees the case.  

Robert Vaughan Ginn, Esq., and Theodore R. Boecker, Jr., Esq.,
serve as the Debtor's bankruptcy attorney and special litigation
attorney, respectively.



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Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2022.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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