/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/170711.mbx T R O U B L E D C O M P A N Y R E P O R T E R Tuesday, July 11, 2017, Vol. 21, No. 191 Headlines 1231 41 STREET: Seeks to Hire Rubin LLC as Legal Counsel 21ST CENTURY ONCOLOGY: Seek to Hire Hall Render as Counsel 21ST CENTURY ONCOLOGY: Seeks to Employ Allen & Overy as Counsel 21ST CENTURY ONCOLOGY: Seeks to Hire A&M, Appoint CEO 21ST CENTURY ONCOLOGY: Taps Kirkland & Ellis as Legal Counsel 21ST CENTURY ONCOLOGY: Taps Kurtzman as Administrative Advisor 21ST CENTURY ONCOLOGY: Taps Millco as Financial Advisor 8100 VETERANS: Taps Cohen Silbiger as Attorneys ABACUS INVESTMENT: Taps Palm Harbor as Legal Counsel ABC DENTISTRY: Unsecureds to Recover 100% Under Plan ADVANCED PRIMARY: U.S. Trustee Unable to Appoint Committee AGS ENTERPRISES: Gardere Wynne Replaces Coats Rose as Counsel ALASKA HARVEST: Taps Streinz Law Office as Legal Counsel ALL-STATE FIRE: Hires Buechler & Garber as Counsel ALTADENA LINCOLN: Taps Salvato Law as General & Litigation Counsel AM CASTLE: Closes $85MM DIP Financing Agreement from PNC Bank ANDERSON SHUMAKER: Status Hearing on Plan, Disclosures on Aug. 29 BAKKEN INCOME: Seeks to Hire SingerLewak as Accountant BCC SANDUSKY: Taps Goodman Real Estate as Broker BCC SANDUSKY: Taps Marcus and Millichap as Real Estate Broker BEMA RESTAURANT: Taps Madoff & Khoury as Legal Counsel BICOM NY: Case Summary & 20 Largest Unsecured Creditors BLACK DIAMOND HOSPITALITY: Taps Kutner Brinen as Legal Counsel BLACK IRON: Hires Durham Jones as Special Litigation Counsel BRANDON DORTCH: Unsecureds to Recoup 14% Under Plan CAPSTONE PEDIATRICS: Seeks to Expand Scope of Meridian Services CENTORBI LLC: Unsecured Creditors to Get $50,000 for 5 Yrs. CIBER INC: SAP America Appointed to Creditors' Committee CIDER INC: Seeks to Hire Grant Thornton as Tax Advisor COHERENT INC: S&P Raises CCR to BB+ on Improved Credit Metrics CORNERSTONE APPAREL: Taps Steven C. Kim as Special Counsel CROSIER FATHERS: Committee Taps Stinson Leonard as Legal Counsel EAC ENTERPRISES: Seeks to Hire Harvey Law Firm as Attorney EARTHONE CIRCUIT: U.S. Trustee Forms 5-Member Committee EMEDICAL STRATEGIES: Seeks to Hire A&W CPAs as Accountant ENERGY FUTURE: Elliott Working on $18.5 Billion Bid for Oncor FAIRPOINT COMMUNICATIONS: S&P Raises CCR to B+; Off CreditWatch FARMER'S MECHANICAL: JPMorgan to Get $242.41 Per Month for 5 Yrs. FORD COOPER: July 13-20 Online Auction of Assets Approved GEEAA SPRINGDALE: Taps Goering & Goering as Legal Counsel GENERAL WIRELESS: Hilco Streambank to Sell IPv4 Addresses GENESCO INC: S&P Affirms Then Withdraws BB Corp. Credit Rating GENON ENERGY: Hires Kirkland & Ellis as Attorneys GENON ENERGY: Hires McKinsey RTS as Restructuring Advisors GENON ENERGY: Hires PricewaterhouseCoopers as Tax Consultants GENON ENERGY: Hires Rothschild as Investment Banker GENON ENERGY: Hires Zack A. Clement as Local Counsel GLEACHER & CO: To Make Fifth Liquidating Distribution GOING VENTURES: Hearing on Disclosures Set for Aug. 2 GONZO PACIFIC: Proposes to Pay 2% Commission to Maui Lifestyle GRANDPARENTS.COM INC: Plan Earmarks $50,000 for Unsecured Claims GROVE PLAZA: Unsecureds to Recoup 51.4% Under Plan GYMBOREE CORP: Hires Lazard Freres as Investment Banker GYMBOREE CORP: Taps Prime Clerk as Administrative Advisor HALKER CONSULTING: May Use Cash Collateral Until Sept. 15 HALKER CONSULTING: Taps Dennis & Company P.C. as Accountants HARTFORD COURT: Unsecureds to be Paid $37,800 Over 5 Years HAYWARD INDUSTRIES: S&P Assigns 'B' CCR, Outlook Stable HELIOPOWER INC: Disclosures Conditionally OK'd: Aug. 6 Plan Hearing HHGREGG INC: Wants Plan Filing Deadline Moved to Sept. 5 IGNITE RESTAURANT: Files Joint Plan of Reorganization ILLINOIS STAR: Taps Kemper CPA Group as Accountant IMPERIAL METALS: S&P Lowers CCR to 'CCC-', Outlook Negative IPEK PROPERTIES: Taps Erol Gulistan as Legal Counsel JACOBS FINANCIAL: EKS&H LLLP Raises Going Concern Doubt JAWBONE INC: Commenced Liquidation Proceedings KEYSTONE CONSTRUCTION: Taps Ugell Law Firm as Legal Counsel KITTERY POINT: Taps Martin Associates as Financial Advisor KODI DISTRIBUTING: Gets Approval to Hire Phoenix Accounting LIBERTY INTERACTIVE: S&P Affirms BB CCR, Revises Outlook to Stable MANUFACTURERS ASSOCIATES: Unsecureds to be Paid 10% in 8 Quarters MURPHY & DURIEU: Taps Rising Group's Joshua Rizack as CRO NATIONAL TRUCK: Hires Lugenbuhl Wheaton as Counsel NC DEVELOPMENT: Taps Hoover Penrod as Legal Counsel OLYMPIA OFFICE: JSH Taps Susan Power Johnston as NY Counsel PARAMOUNT RESOURCES: S&P Places B- CCR on CreditWatch Positive PERSISTENCE PARTNERS: Unsecureds to be Paid from Settlement Proceed PHOTOMEDEX INC: Dismissed from Linda Andrew Liability Suit POSIBA INC: Unsecureds to Get Full Payment at 3% Per Annum POWER EQUIPMENT: SBA to be Paid $600K at 3.344% Per Annum RACEWAY MARKET: Hearing on Plan Outline Approval Set for Aug. 14 RAND LOGISTICS: Grant Thornton LLP Raises Going Concern Doubt RLE INDUSTRIES: Seeks to Hire Foresight as Financial Advisor RLE INDUSTRIES: Taps DelBello Donnellan Weingarten as Counsel RUE21 INC: Committee Hires Fox Rothschild as Co-Counsel RUE21 INC: Committee Seeks to Hire Cooley as Lead Counsel RUE21 INC: Seeks to Hire Ernst & Young as Tax Advisor SE PROFESSIONALS: Seeks to Hire Schenck S.C. as Accountant SE PROFESSIONALS: Taps Crane Heyman as Legal Counsel SHADRACH MESHACH: Says Counsel May Seek Compensation from Buyer SHORT BARK: Case Summary & 20 Largest Unsecured Creditors SPECTRUM ALLIANCE: U.S. Trustee Forms 4-Member Committee SQUARE ONE: Taps Latham Shuker as Legal Counsel TAKATA CORP: Pachulski to Represent Tort Claimants Panel TAKATA CORP: Section 341 Meeting Slated for August 2 TAKATA CORP: U.S. Trustee Forms Tort Claimants Committee TAKATA CORP: U.S. Trustee Forms Trade Creditors Committee TAKATA CORP: Whiteford Taylor, Milbank Represent Creditors Panel TOISA LIMITED: Claims Bar Date Set for August 8 TRAVELLER'S REST: Taps Henry & O'Donnell as Legal Counsel TRILOGY ENERGY: S&P Puts B- Long-Term CCR on CreditWatch Positive UNILIFE CORP: Sanofi Winthrop Objects to Lowenstein Retention UTE MESA LOT 2: Taps Shumaker Loop as Legal Counsel V-BLOX CORP: Plan Confirmation Hearing on Aug. 2 WELLMAN DYNAMICS: Taps Clark Hill as Special Environmental Counsel WEST WINDOWS: Taps Heriberto Acevedo as Accountant WESTMOUNTAIN GOLD: Unsecureds to Get 7-12 Cents Per Dollar XCELERATED LLC: Taps Bingham Greenebaum as Legal Counsel YMCA OF MARQUETTE: Committee Taps Wardrop as Legal Counsel ZUCKER GOLDBERG: Panel Wants Tseitlin to Pursue Avoidance Claims [^] Large Companies with Insolvent Balance Sheet ********* 1231 41 STREET: Seeks to Hire Rubin LLC as Legal Counsel -------------------------------------------------------- 1231 41 Street, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Rubin LLC to, among other things, give legal advice regarding its duties under the Bankruptcy Code, and assist in the preparation of a plan of reorganization. The hourly rates charged by the firm for the services of its attorneys range from $375 to $500. Paralegals charge $75 per hour. Samuel Pfeiffer, managing member of the Debtor, has agreed to pay the fees and expenses of the firm from funds that are not property of the Debtor or its estate. As of July 6, the firm has received payments in th total amount of $12,500. Paul Rubin, Esq., disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul A. Rubin, Esq. Rubin LLC 345 Seventh Avenue, 21st Floor New York, NY 10001 Tel: 212.390.8054 Fax: 212.390.8064 Email: prubin@rubinlawllc.com About 1231 41 Street LLC Based in Brooklyn, New York, 1231 41 Street, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-41407) on March 27, 2017. At the time of the filing, the Debtor disclosed that it had estimated assets of less than $50,000 and liabilities of $1 million to $10 million. Judge Elizabeth S. Stong presides over the case. No trustee or creditors committee has been appointed. 21ST CENTURY ONCOLOGY: Seek to Hire Hall Render as Counsel ---------------------------------------------------------- 21st Century Oncology Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Hall, Render, Killian, Heath & Lyman, PLLC as special counsel. The firm will continue to provide legal services to the company and its affiliates, including general counsel and health care legal services, compliance and regulatory guidance, general human resources oversight, physician contract and general contracting legal reviews. Hall Render will be paid according to this compensation package: (i) an annual flat fee basis in the amount of $3.6 million, paid in $300,000 monthly payments for services provided under an amended engagement letter dated April 26, 2017; (ii) an hourly basis, subject to a 10% discount from each attorney's standard hourly rate for services under the governmental investigations engagement letter dated May 16, 2017; and (iii) a monthly basis in the amount of $6,750 for services provided under the staffing agreement for an executive legal assistant. The hourly fees for attorneys providing the services under the governmental investigations engagement letter are: Amy Garrigues $545 Jon Zucker $310 Amanda Maly $295 Amy Poe $280 Matthew Decker $270 Kimberly Commins-Tzoumakas, Esq., at Hall Render, disclosed in a court filing that her firm does not hold any interest adverse to the Debtors. The firm can be reached through: Kimberly Commins-Tzoumakas, Esq. Hall, Render, Killian, Heath & Lyman, PLLC 201 W. Big Beaver Road, Suite 1200 Columbia Center Troy, MI 48084 Phone: (248) 457-7852 Fax: (248) 740-7501 Email: kcommins-tzoumakas@hallrender.com About 21st Century Oncology 21st Century Oncology Holdings, Inc. is a global provider of integrated cancer care services. As of March 31, 2017, the company operated 179 treatment centers, including 143 centers located in 17 U.S. states and 36 centers located in seven countries in Latin America. 21st Century and 59 U.S. affiliates filed Chapter 11 petitions under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770) on May 25, 2017. The cases are pending before the Hon. Judge Robert D. Drain. At the time of the filing, the Debtors estimated their assets and debts at $1 billion to $10 billion. The Debtor employed Kurtzman Carson Consultants LLC as claims and noticing agent. On June 8, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. 21ST CENTURY ONCOLOGY: Seeks to Employ Allen & Overy as Counsel --------------------------------------------------------------- 21st Century Oncology Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Allen & Overy LLP as special counsel. The firm will continue to represent the company and its affiliates in certain matters, including a Department of Justice inquiry related to potential criminal anti-trust violations regarding the market in Florida. John Terzaken, Esq., and Jana Steenholdt, Esq., will charge $950 per hour and $485 per hour, respectively. Mr. Terzaken disclosed in a court filing that his firm does not hold or represent any interest adverse to the Debtors. In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Mr. Terzaken disclosed that his firm has not agreed to any variations from, or alternatives to, its standard billing arrangements for its employment with the Debtors, and that its billing rates have not changed over the past 12 months. Mr. Terzaken also disclosed that the the fee arrangements were negotiated and agreed to by the firm and the Debtors. Allen & Overy can be reached through: John Terzaken, Esq. Allen & Overy LLP 1101 New York Avenue, NW Washington, DC 20005 Tel: +1 202-683-3877 Email: john.terzaken@allenovery.com About 21st Century Oncology 21st Century Oncology Holdings, Inc. is a global provider of integrated cancer care services. As of March 31, 2017, the company operated 179 treatment centers, including 143 centers located in 17 U.S. states and 36 centers located in seven countries in Latin America. 21st Century and 59 U.S. affiliates filed Chapter 11 petitions under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770) on May 25, 2017. The cases are pending before the Hon. Judge Robert D. Drain. At the time of the filing, the Debtors estimated their assets and debts at $1 billion to $10 billion. The Debtor employed Kurtzman Carson Consultants LLC as claims and noticing agent. On June 8, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. 21ST CENTURY ONCOLOGY: Seeks to Hire A&M, Appoint CEO ----------------------------------------------------- 21st Century Oncology Holdings, Inc. has filed an application seeking approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Alvarez & Marsal Healthcare Industry Group, LLC. The company also proposes to designate Paul Rundell, the firm's managing director, as interim chief executive officer; Douglas Staut as interim chief financial officer; and Mark Trivette as vice-president of tax. Mr. Staut is senior director of A&M's healthcare restructuring practice while Mr. Trivette is managing director of the firm's tax practice. A&M and its personnel will provide these services: (a) conduct a financial review of the Debtors; (b) assist the Debtors' boards of directors and other bankruptcy professionals in developing, for the board's review, possible restructuring plans or strategic alternatives; (c) serve as principal contact with creditors with respect to the Debtors' financial and operational matters and coordinate with the Debtors' other advisors; (d) manage cash reporting and cash management; (e) review or assist in the creation of long-term financial projections; (f) review labor and non-labor related expense line items for potential cost-reduction opportunities; (g) assist in the development of strategic financial and operational options for the Debtors; (h) assist the Debtors with tax services; (i) perform certain financial and accounting analysis relative with non-debtor affiliate MDL; (j) assist in understanding principal drivers to business growth as directed by stakeholders; (k) assist the Debtors with document collection and preparation of disclosures related to bankruptcy planning and, if applicable, post-bankruptcy reporting; (l) assist in the work with the various constituents including management, the board, various debt holders and their advisors and counsel, as directed by the board and in coordination with the Debtors' legal and financial advisors; and (m) report to the board, and participate in all board meetings. A&M will receive $175,000 per month for Mr. Rundell; $125,000 per month for Mr. Staut, and $100,000 per month for Mr. Trivette. Meanwhile, the firm's additional personnel will be paid at these customary hourly billing rates: Managing Director $765 - $975 Director/Sr. Director $625 - $750 Associate/Sr. Associate $280 - $600 Analyst/Staff $375 - $450 A&M will also receive a "completion fee" of up to $3 million at the conclusion of the Debtors' cases, subject to approval by the board of directors and the court. Payment of the completion fee is contingent upon A&M accomplishing a "restructuring," according to court filings. Mr. Rundell disclosed in a court filing that his firm does not have any interest materially adverse to the interests of the Debtors' estates, creditors or equity security holders. The firm can be reached through: Paul Rundell Alvarez & Marsal Healthcare Industry Group, LLC 540 West Madison Street, Suite 1800 Chicago, IL 60661 Phone: +1 312-601-4220 Fax: +1 312-332-4599 About 21st Century Oncology 21st Century Oncology Holdings, Inc. is a global provider of integrated cancer care services. As of March 31, 2017, the company operated 179 treatment centers, including 143 centers located in 17 U.S. states and 36 centers located in seven countries in Latin America. 21st Century and 59 U.S. affiliates filed Chapter 11 petitions under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770) on May 25, 2017. The cases are pending before the Hon. Judge Robert D. Drain. At the time of the filing, the Debtors estimated their assets and debts at $1 billion to $10 billion. The Debtor employed Kurtzman Carson Consultants LLC as claims and noticing agent. On March 15, 2017, the U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. 21ST CENTURY ONCOLOGY: Taps Kirkland & Ellis as Legal Counsel ------------------------------------------------------------- 21st Century Oncology Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP. The firms will serve as legal counsel to the company and its affiliates in connection with their Chapter 11 cases. The services to be provided by the firms include advising the Debtors regarding their duties under the Bankruptcy Code, negotiating with creditors, advising the Debtors regarding any financing deal or potential sale of their assets, and assist in the preparation of a bankruptcy plan. The hourly rates charged by the firm are: Partners $930 - $1,745 Of Counsel $555 - $1,745 Associates $555 - $1,015 Paraprofessionals $215 - $420 On August 4, 2016, the Debtors paid $250,000 to the firms, which constituted an "advance payment retainer." Subsequently, the Debtors paid additional advance retainers totaling $4,768,442.06. Christopher Marcus, president of Christopher Marcus, P.C., a partner of Kirkland, disclosed in a court filing that Kirkland is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Mr. Marcus disclosed that Kirkland has not agreed to any variations from, or alternatives to, its standard or customary billing arrangements. Mr. Marcus also said that the hourly rates used by Kirkland in representing the Debtors are consistent with the rates that it charges other comparable Chapter 11 clients regardless of the location of the bankruptcy cases. Kirkland's hourly rates for the period prior to December 31, 2016, range from $875 to $1,495 for partners, $625 to $1,495 for of counsel, $525 to $945 for associates, and $180 to $400 for paraprofessionals. The rates for the firm's services are subject to periodic change in the ordinary course of business, the attorney further said. The Debtors have already approved Kirkland’s budget and staffing plan, which covers the period May 25 to November 2017, according to Mr. Marcus. Kirkland can be reached through: Christopher Marcus, Esq. John T. Weber, Esq. Kirkland & Ellis, LLP Kirkland & Ellis International, LLP 601 Lexington Avenue New York, NY 10022 Tel: (212) 446-4800 Fax: (212) 446-4900 -- and -- James H.M. Sprayregen, Esq. William A. Guerrieri, Esq. Alexandra Schwarzman, Esq. Kirkland & Ellis, LLP Kirkland & Ellis International, LLP 300 North LaSalle Street Chicago, IL 60654 Tel: (312) 862-2000 Fax: (312) 862-2200 About 21st Century Oncology 21st Century Oncology Holdings, Inc. is a global provider of integrated cancer care services. As of March 31, 2017, the company operated 179 treatment centers, including 143 centers located in 17 U.S. states and 36 centers located in seven countries in Latin America. 21st Century and 59 U.S. affiliates filed Chapter 11 petitions under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770) on May 25, 2017. The cases are pending before the Hon. Judge Robert D. Drain. At the time of the filing, the Debtors estimated their assets and debts at $1 billion to $10 billion. The Debtor employed Kurtzman Carson Consultants LLC as claims and noticing agent. On March 15, 2017, the U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. 21ST CENTURY ONCOLOGY: Taps Kurtzman as Administrative Advisor -------------------------------------------------------------- 21st Century Oncology Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Kurtzman Carson Consultants LLC. The firm will serve as administrative advisor of the company and its affiliates in connection with their Chapter 11 cases. The firm will provide these services: (a) assist in the solicitation, balloting and tabulation of votes, and prepare any report required for confirmation of a Chapter 11 plan; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) assist in the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs; (d) provide a confidential data room, if requested; and (e) manage and coordinate any distributions pursuant to a confirmed plan. The firm's engagement agreement with the Debtors calls for payment of a retainer in the amount of $50,000. Robert Jordan, managing director of Kurtzman, disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert Jordan Kurtzman Carson Consultants LLC 1290 Avenue of the Americas, 9th Floor New York, NY 10104 About 21st Century Oncology 21st Century Oncology Holdings, Inc. is a global provider of integrated cancer care services. As of March 31, 2017, the company operated 179 treatment centers, including 143 centers located in 17 U.S. states and 36 centers located in seven countries in Latin America. 21st Century and 59 U.S. affiliates filed Chapter 11 petitions under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770) on May 25, 2017. The cases are pending before the Hon. Judge Robert D. Drain. At the time of the filing, the Debtors estimated their assets and debts at $1 billion to $10 billion. The Debtor employed Kurtzman Carson Consultants LLC as claims and noticing agent. On March 15, 2017, the U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. 21ST CENTURY ONCOLOGY: Taps Millco as Financial Advisor ------------------------------------------------------- 21st Century Oncology Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Millco Advisors, LP as financial advisor and investment banker. The firm will provide these services in connection with the Chapter 11 cases of the company and its affiliates: (a) review and analyze the Debtors' business, operations and financial projections; (b) evaluate the Debtors' potential debt capacity in light of their projected cash flows; (c) advise the Debtors on tactics and strategies for negotiating with their stakeholders in connection with any recapitalization; (d) render financial advice to the Debtors and participate in meetings or negotiations with the stakeholders and other relevant parties in connection with any financing or recapitalization; (e) advise the Debtors on the feasibility, timing, nature, and terms of new securities, other consideration or other inducements to be offered pursuant to any financing or recapitalization; (f) assist the Debtors in evaluating potential third-party interest in an investment in, or purchase of, the Debtors or their medical developers business; and (g) attend meetings of the Debtors' board of directors and their committees. The firm will be paid according to this fee arrangement: (a) Advisory Fee. An advisory fee of (i) $150,000 per month for November 2016, December 2016 and January 2017 and (ii) $200,000 per month thereafter, payable on the first date of execution for November 2016 and thereafter on the first day of each month during the term of the engagement. Fifty percent (50%) of the advisory fee in respect of the monthly periods from and including February 2017 kept by Millco will be creditable (without duplication) against any recapitalization fee that is subsequently paid to and retained by the firm. (b) Recapitalization Fee. A fee of (i) $4 million for a recapitalization involving the senior notes, plus (ii) $1 million for a recapitalization involving the "credit facilities," in each case at any time from the date of the engagement agreement until the 12-month anniversary of the termination of the engagement. (c) Financing Fee. A fee to be paid for each financing that occurs during the "fee period" regardless of whether such financing occurs in connection with the consummation of a recapitalization or otherwise, in an amount equal to the percentage of the gross proceeds of these categories with respect to the financing: (i) if the financing is a debt financing, 1.5% of the principal amount of any debt; and (ii) if the financing is an equity financing, 3.25% of the equity capital raised. The fee is payable upon consummation of the financing. Fifty percent (50%) of the excess of the aggregate financing fees paid to and retained by Millco in excess of $3 million will be creditable (without duplication) against any recapitalization Fee that becomes subsequently payable to the firm. (d) Indemnification. As part of the consideration payable to Millco, the Debtors agree to the indemnification, contribution and other provisions. Brendan Hayes, managing director of Millco, disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Brendan V. Hayes Millco Advisors, LP 555 Madison Avenue New York, NY 10022 Phone: 212-416-5800 About 21st Century Oncology 21st Century Oncology Holdings, Inc. is a global provider of integrated cancer care services. As of March 31, 2017, the company operated 179 treatment centers, including 143 centers located in 17 U.S. states and 36 centers located in seven countries in Latin America. 21st Century and 59 U.S. affiliates filed Chapter 11 petitions under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770) on May 25, 2017. The cases are pending before the Hon. Judge Robert D. Drain. At the time of the filing, the Debtors estimated their assets and debts at $1 billion to $10 billion. The Debtor employed Kurtzman Carson Consultants LLC as claims and noticing agent. On March 15, 2017, the U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. 8100 VETERANS: Taps Cohen Silbiger as Attorneys ----------------------------------------------- 8100 Veterans SNS, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire David Cohen, Esq., at the Law Office of David W. Cohen, and David Silbiger, Esq., at Silbiger Law Offices. Mr. Silbiger will advise the Debtor regarding real estate issues, represent it at the meeting of creditors and attend court hearings on behalf of the Debtor. Meanwhile, Mr. Cohen will advise the Debtor regarding plan-related issues and will be responsible for the preparation of schedules, motions and plan. The proposed attorneys will receive an hourly fee of $275. The Debtor paid a retainer in the amount of $10,000, plus $1,717 for the filing fee and $5,000 for the pre-filing services. Messrs. Cohen and Silbiger disclosed in court filings that they are "disinterested persons" as defined in section 101(14) of the Bankruptcy Code. Messrs. Cohen and Silbiger maintain their offices at: David W. Cohen, Esq. Law Office of David W. Cohen 1 N. Charles St., Ste. 350 Baltimore, MD 21201 Tel: (410) 837-6340 Email: dwcohen79@jhu.edu - and – David Silbiger, Esq. Silbiger Law Offices 110 E. Lexington St. Baltimore, MD 21202 Phone: (410) 685-1616 About 8100 Veterans SNS 8100 Veterans SNS, LLC, owns real property in Anne Arundel County known as 8100 Veterans Highway, Millersville, Maryland. 8100 Veterans filed a Chapter 11 petition (Bankr. D. Md. Case No. 17-18846) on June 29, 2017. Khalil Ahmad, member, signed the petition. At the time of filing, the Debtor disclosed $4.85 million in assets and $3.43 million in liabilities. The case is assigned to Judge David E. Rice. ABACUS INVESTMENT: Taps Palm Harbor as Legal Counsel ---------------------------------------------------- Abacus Investment Group, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire legal counsel. The Debtor proposes to hire Palm Harbor Law Group P.A. to give legal advice regarding its duties under the Bankruptcy Code, and provide other legal services related to its Chapter 11 case. Palm Harbor does not represent any interest adverse to Debtor or its estate, according to court filings. The firm can be reached through: Joel S. Treuhaft, Esq. Palm Harbor Law Group, P.A. 2991 Alternate 19, Suite B Palm Harbor, FL 34683 Phone: (727) 797-7799 Fax: (727) 213-6933 About Abacus Investment Group Inc. Based in Auburn, California, Abacus Investment Group, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-05422) on June 22, 2017. Herb Miller, president, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets of less than $50,000 and liabilities of $1 million to $10 million. Its principal assets are located at 441 Lucerne Avenue, Tampa, Florida. ABC DENTISTRY: Unsecureds to Recover 100% Under Plan ---------------------------------------------------- ABC Dentistry, P.A., et al., filed with the U.S. Bankruptcy Court for the Southern District of Texas a first amended disclosure statement dated June 25, 2017, in support of the Debtors' joint Chapter 11 plan of reorganization. Class 4 General Unsecured Claims are impaired by the Plan. The holders will recover 100%. The Holders of Allowed General Unsecured Class 4 Claims will be paid in full as follows: the holder of Allowed General Unsecured Claim will receive (i) 50% of the allowed amount of the holder's claim on the initial distribution date and (ii) the remaining 50% of the allowed amount of the holder's claim on the first semi-annual payment date following the initial distribution date. Holders holders of General Unsecured Claims in Class 4 may elect to be treated as a Class 5 Convenience Claim by making election on the ballot for Class 4 General Unsecured Claims. Class 6 Rohi Litigation Claims are impaired by the Plan. The holder is expected to recover 0-9%. In full satisfaction of all the Rohi Litigation Claim, the holder of the Rohi Litigation Claim will receive the Rohi Settlement Claim that will (i) accrue interest at a flat rate of 1.5% per annum until paid, and (ii) be paid in full by Dec. 31, 2022. The Clerk of the Court shall release the funds placed in the registry of the Court pursuant to the order appearing in docket number 133 as soon as practical following receipt of the Effective Date Notice. The Plan Proponents will then tender the Quarterly Payments on the Initial Quarterly Payment Due Date and then subsequently on each Quarterly Payment Due Date until the Rohi Settlement Claim is paid in full. The Plan Proponents will be permitted to prepay the Rohi Settlement Claim in full at any time prior to Dec. 31, 2022, without paying a penalty or any amount on account of interest that would have otherwise accrued but for the prepayment. The plan proponents will commit to fund the Plan in an amount sufficient to make all of the required payments under the Plan. The First Amended Disclosure Statement is available at: http://bankrupt.com/misc/txsb16-34221-246.pdf As reported by the Troubled Company Reporter on May 24, 2017, the Debtors filed with the Court a disclosure statement dated May 15, 2017, in support of the Debtors' joint plan of reorganization, which proposed that Class 4 General Unsecured Claims recover 0-100%. About ABC Dentistry ABC Dentistry, P.A., ABC Dentistry Old Spanish Trail, P.L.L.C., and ABC Dentistry West Orem, P.L.L.C., are part of a family of clinics doing business as ABC Dental in the Houston area. ABC Dental, which employs approximately 40 people, provides a variety of dental and orthodontic services to Medicaid patients. On Aug. 26, 2016, each of the Debtors filed a voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 16-34221). The Debtors estimate assets in the range of $100,000 to $500,000 and liabilities of up to $50 million as of the bankruptcy filing. The Hon. Jeff Bohm (16-34221) and Karen K. Brown (16-34222 and 16-34225) presides over the cases. The petitions were signed by Iraj S. Jabbary, D.D.S., director. The Debtors have hired Baker Botts L.L.P. as their counsel, Stout Risius Ross, Inc., as financial advisor, BMC Group, Inc., as noticing agent. No official committee of unsecured creditors has been appointed in the case. ADVANCED PRIMARY: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------------- An official committee of unsecured creditors has not yet been appointed in the Chapter 11 case of Advanced Primary Care, LLC as of July 7, according to a court docket. About Advanced Primary Care, LLC Advanced Primary Care, LLC, is a limited liability company which provides medical services to consumers in Memphis, Shelby County, Tennessee. The Debtor operates its business in 5983 Appletree Drive, Memphis, Tennessee. The business was started on June 30, 2006, in Shelby County. Michael Jones is the sole member. The Company previously sought bankruptcy protection on July 15, 2016 (Bank. W.D. Tenn. Case No. 16-26388). Advanced Primary Care, LLC, based in Memphis, TN, filed a Chapter 11 petition (Bankr. W.D. Tenn. Case No. 17-24732) on May 30, 2017. The Hon. Paulette J. Delk presides over the case. Eugene G. Douglass, Esq., at Douglass & Runger, serves as bankruptcy counsel. In its petition, the Debtor estimated $30,295 in assets and $1.06 million in liabilities. The petition was signed by Michael A. Jones, chief manager. AGS ENTERPRISES: Gardere Wynne Replaces Coats Rose as Counsel ------------------------------------------------------------- AGS Enterprises, Inc. and KLN Steel Products Company LLC filed an amended application to the U.S. Bankruptcy Court for the Northern District of Texas, seeking permission to employ Gardere Wynne Sewell LLP as counsel. The Debtors require Gardere Wynne to: (a) render legal advice with respect to the powers and duties of debtors in Chapter 11; (b) negotiate, prepare and file a plan of reorganization and disclosure statement and otherwise promote the financial rehabilitation of the Debtors; (c) take all necessary action to protect and preserve the estate of the Debtors, including the prosecution of actions on the Debtors' behalf, the defense of any actions commenced against the Debtors, negotiations concerning all litigation in which the Debtors are involved, and the evaluation of and objection to claims filed against the estate; (d) prepare on behalf of the Debtor all necessary applications, motions, answers, orders, reports and other papers in connection with the administration of the estate herein, and appear on behalf of the Debtors at all Court hearings in connection with the Debtors' case; (e) render legal advice and perform general services in connection with the foregoing; and (f) perform all other necessary legal services in connection with these Chapter 11 cases. On December 13, 2016, the Debtors filed an application to employ Coats Rose PC as counsel. On January 18, 2017, the Court granted the Debtors' application. On May 12, Frank J. Wright filed Notice of Change of Law Firm as for AGS Enterprises and KLN Steel and of Substitution of Law Firms; and commenced work as an attorney at Gardere on May 16. By this Amended Application, the Debtors seek authority to employ Gardere as attorneys for the Debtors, and as replacement for Coats Rose PC. Ms. C. Ashley and Ms. Erin McGee both worked on this matter while employed at Coats Rose PC. Gardere Wynne will be paid at these hourly rates: Frank J. Wright $700 C. Ashley Ellis $525 Erin McGee $375 Gardere Wynne will also be reimbursed for reasonable out-of-pocket expenses incurred. Frank J. Wright, partner of Gardere Wynne, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Gardere Wynne can be reached at: Frank J. Wright, Esq. GARDERE WYNNE SEWELL LLP 2021 McKinney Avenue, Suite 1600 Dallas, Texas 75201 Tel: (214) 999-3000 Fax: (214) 999-4667 About AGS Enterprises AGS Enterprises, Inc., and KLN Steel Products Company, LLC, each filed a chapter 11 petition (Bankr. N.D. Tex. Case Nos. 16-34322 and 16-34323, respectively) on November 2, 2016. The petitions were signed by Kelly O'Donnell, president. The Debtors are represented by Frank Jennings Wright, Esq., at Coats Rose, P.C. The case is assigned to Judge Stacey G. Jernigan. The Debtors both estimated assets and liabilities at $1 million to $10 million at the time of the filing. About KLN Steel Products KLN Steel Products Company, LLC (Bankr. N.D. Tex. Case No. 16-34323), together with its parent company, AGS Enterprises, Inc. (Bankr. N.D. Tex. Case No. 16-34323) filed voluntary Chapter 11 petitions on Nov. 2, 2016. The Petitions were signed by Kelly O'Donnell, president. The case is assigned to Stacey G. Jernigan. The Debtor is represented by Frank Jennings Wright, Esq., at Coats Rose, P.C. At the time of filing, the Debtor estimated both assets and liabilities at $1 million to $10 million. ALASKA HARVEST: Taps Streinz Law Office as Legal Counsel -------------------------------------------------------- Alaska Harvest Seafood LLC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Streinz Law Office to, among other things, give legal advice regarding its duties under the Bankruptcy Code, assist in the negotiation of financing deals, negotiate with creditors, and prepare a plan of reorganization. James Ray Streinz, Esq., will charge an hourly fee of $400 for his services. Mr. Streinz disclosed in a court filing that his firm does not hold any interest adverse to the Debtor's estate, creditors or equity security holders. The firm can be reached through: James Ray Streinz, Esq. Streinz Law Office 7830 SW 40th Avenue, Suite 1 Portland, OR 97219 Tel: (503) 621-7172 Email: ray@streinzlaw.com About Alaska Harvest Seafood Alaska Harvest Seafood LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ore. Case No. 17-30261) on January 30, 2017. The petition was signed by Paul Cutler, authorized representative. At the time of the filing, the Debtor estimated its assets and debts at $1 million to $10 million. On February 1, 2017, the court ordered the transfer of the case to the Eugene Office from the Portland Office. The case was assigned a new case number: 17-60288. Judge David W. Hercher presides over the case. The Debtor hired Behrends, Carson & Covington as legal counsel. ALL-STATE FIRE: Hires Buechler & Garber as Counsel -------------------------------------------------- All-State Fire Protection, Inc. seeks authorization from the U.S. Bankruptcy Court for the District of Colorado to employ Buechler & Garber, LLC as counsel. The Debtor requires Buechler & Garber to: (a) prepare on behalf of the Debtor-in-Possession all necessary reports, orders and other legal papers required in this Chapter 11 proceeding; (b) perform all legal services for Debtor as Debtor-in- Possession which may become necessary herein; and (c) represent the Debtor in any litigation which the Debtor determines is in the best interest of the estate. Buechler & Garber will be paid at these hourly rates: Kenneth J. Buechler $350 Aaron A. Garber $350 Michael J. Guyerson $350 Jonathan M. Dickey $200 Paralegals $105 Buechler & Garber will also be reimbursed for reasonable out-of-pocket expenses incurred. Prior to the bankruptcy filing, Buechler & Garber received $25,000 as retainer from the Debtor for the Law Firm's fees and costs. The Law Firm applied $8,762.50 to the retainer for pre-petition services up through the filing of the Debtor's Chapter 11 bankruptcy case. Buechler & Garber is holding the amount of $16,237.50 as retainer in its trust account subject to Court approval. Kenneth J. Buechler, partner of Buechler & Garber, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and their estate. Buechler & Garber can be reached at: Kenneth J. Buechler Buechler & Garber LLC 999 18th Street, Suite 1230-S, Denver, CO 80202 Tel: (720) 381-0045 Fax: (720) 381-0382 Email: ken@bandglawoffice.com About All-State Fire Protection Inc. All-State Fire Protection, Inc., based in Wiggins, Colo., specializes in the installation of fire sprinkler systems for residential and commercial clients. The company filed a Chapter 11 petition (Bankr. D. Colo. Case No. 17-15844) on June 23, 2016. The Hon. Thomas B. McNamara presides over the case. Kenneth J. Buechler, Esq., at Buechler & Garber, serves as bankruptcy counsel. In its petition, the Debtor estimated $1 million to $10 million in both assets and liabilities. The petition was signed by Raymond Gibler, president. A list of the Debtor's 20 largest unsecured creditors is available for free at http://bankrupt.com/misc/cob17-15844.pdf ALTADENA LINCOLN: Taps Salvato Law as General & Litigation Counsel ------------------------------------------------------------------ Altadena Lincoln Crossing LLC seeks authorization from the U.S. Bankruptcy Court for the Central District of California to employ Salvato Law Offices as general bankruptcy and litigation counsel, nunc pro tunc to June 16, 2017. The Debtor requires Salvato Law to: (a) advise and assist the Debtor in the preparation of all statements, schedules, records and reports required by applicable law in connection with the initiation and operation of the case; (b) attend the meeting of creditors; (c) appear at all hearings where the attorney for the Debtor is required to appear; (d) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code, and Bankruptcy Rules relating to the administration of this case, and the operation of the Debtor's estate as a debtor in possession, including preparation and confirmation of a Plan of Reorganization; and (e) represent the Debtor in connection with any pending or subsequently commenced adversary proceeding in the Bankruptcy Court. Salvato Law will be paid at these hourly rates: Gregory M. Salvato $495 Joseph Boufadel $350 Paralegal $150 Salvato Law will also be reimbursed for reasonable out-of-pocket expenses incurred. Salvato Law received a Fee Advance in the sum of $25,000 from San Fernando Red, LLC, a remote equity holder of the Debtor. Salvato Law will bill and draw down incurred fees on a monthly basis from its Fee Advance in accordance with the Guidelines of the U.S. Trustee. Gregory M. Salvato, principal of Salvato Law, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and their estate. Salvato Law can be reached at: Gregory M. Salvatao Esq. SALVATO LAW OFFICES Wells Fargo Center 355 South Grand Avenue, Ste. 2450 Los Angeles, CA 90071-9500 Tel: (213) 484-8400 Fax: (213) 402-3778 E-mail: Gsalvato@salvatolawoffices.com About Altadena Lincoln Crossing LLC Headquartered in Pasadena, California, Altadena Lincoln Crossing LLC, a Delaware limited liability company, filed for Chapter 11 bankruptcy protection (Bankr. C.D. Cal. Case No. 17-14276) on April 7, 2017, estimating its assets and liabilities at between $10 million and $50 million each. The petition was signed by Greg Galletly, manager. The Debtor is an affiliate of BGM Pasadena, LLC, which sought bankruptcy protection (Bankr. C.D. Cal. Case No. 15-27833) on Nov. 20, 2015. Judge Julia W. Brand presides over Altadena's case. James A Tiemstra, Esq., at Tiemstra Law Group PC serves as the Debtor's bankruptcy counsel. AM CASTLE: Closes $85MM DIP Financing Agreement from PNC Bank ------------------------------------------------------------- A. M. Castle & Co., on July 10 disclosed it has successfully closed its $85 million senior-secured, revolving, debtor-in-possession financing agreement with PNC Bank, National Association, a member of The PNC Financial Services Group, Inc. The DIP Facility, which was initially announced on June 5, 2017, will allow the Company to immediately reduce cash interest payments by replacing a substantial portion of its current first lien credit facilities, which carry 11.0% interest. Additionally, Castle expects to use additional available capital from its cash on hand and the DIP Facility to invest in growth initiatives as it approaches the completion of its prepackaged financial restructuring later this summer. The Delaware Bankruptcy Court on July 6 entered a Final Order authorizing the Debtors to obtain postpetition financing. The Court also entered a Final Order authorizing the Debtors to use cash collateral and grant adequate protection. Subject to certain closing date availability requirements, up to $75 million of the proceeds of the DIP Facility would be used to pay-down the existing Prepetition First Lien Obligations, which currently total $112 million in principal amount. As of the bankruptcy filing date, the Debtors owed: -- $112,000,000 plus an exit fee under a prepetition first lien credit facility where Cantor Fitzgerald Securities serves as administrative and collateral agent. -- $177,019,000 plus interest under A.M. Castle's 12.75% senior secured notes due 2018 (Second Lien Notes); and -- $22,323,000 plus interest under A.M. Castle's 5.25% convertible senior secured notes due 2019 (Third Lien Notes). A copy of the Final DIP Order and the Debtors' nine-week budget through the week of Sept. 1, 2017, is available at: http://bankrupt.com/misc/deb17-11330-00136.pdf A copy of the Final Cash Collateral Order is available at: http://bankrupt.com/misc/deb17-11330-00137.pdf On July 6, the COurt also authorized the Debtors to (i) ratify and implement the $125,000,000 Senior Secured Facilities Exit Facility Commitment Letter Agreement dated June 1, 2017, including the Exit Facility Term Sheet, with PNC Bank, (ii) pay and reimburse related fees and expenses, and (iii) indemnify the parties thereto. A copy of that Court Order is available at: http://bankrupt.com/misc/deb17-11330-00139.pdf President and CEO Steve Scheinkman said, "As the Company moves forward with its prepackaged proceeding, the DIP Facility provides us with working capital at competitive rates, which will enable us to realize immediate, substantial cash interest savings. As we previously announced, Castle has also executed a commitment letter with PNC Bank for a $125 million senior-secured, revolving credit facility (the 'New ABL Facility'), anticipated to close later this summer once we complete our financial restructuring and otherwise satisfy the conditions to closing. We expect to use the New ABL Facility not only to refinance certain existing secured debt of the Company and any DIP Facility borrowing, but also to provide additional capital to support our uninterrupted operations and growth investments. These measures to significantly reduce our interest burden, coupled with the successful completion of our financial restructuring process later this summer, should permit us to concentrate on growing our business, improving our service to customers, and strengthening our partnerships with vendors." About A.M. Castle & Co. and Keystone Tube Founded in 1890, and based in Oak Brook, Illinois, A. M. Castle & Co. (OTCQB:CASL) is a global distributor of specialty metal and supply chain services, principally serving the producer durable equipment, commercial aircraft, heavy equipment, industrial goods, construction equipment, and retail sectors of the global economy. It specializes in the distribution of alloy and stainless steels; nickel alloys; aluminum and carbon. Together, A.M. Castle and its affiliated companies operate out of 21 metals service centers located throughout North America, Europe and Asia. The Company disclosed $339.2 million in assets and $388.4 million in liabilities as of March 31, 2017. On June 18, 2017, A.M. Castle & Co., Keystone Tube Company, LLC, and three related entities sought Chapter 11 protection to seek confirmation of a Prepackaged Joint Chapter 11 Plan of Reorganization. The cases are jointly administered under the lead case of Keystone Tube Company (Bankr. D. Del. Case No. 17-11330) and are pending before the Honorable Laurie Selber Silverstein. The Debtors tapped Pachulski Stang Ziel & Jones LLP as counsel, Imperial Capital, LLC, as financial advisor, Deloitte Tax LLP, as tax advisor; Deloitte & Touche LLP as tax auditor; and Fenwick & West LLP, as tax counsel. Kurtzman Carson Consultants LLC is the claims and solicitation agent. Creditors that are parties to the Restructuring Support Agreement ("Consenting Creditors") tapped Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel; Conaway Stargatt & Taylor, LLP, as co-counsel; and Ducera Partners LLC, as financial advisor. Consenting Creditor SGF, Inc tapped Goodwin Procter LLP and Pepper Hamilton LLP as counsel. Shipman Goodwin LLP serves as counsel to the First Lien Agent. No official committee has been appointed in the case. ANDERSON SHUMAKER: Status Hearing on Plan, Disclosures on Aug. 29 ----------------------------------------------------------------- The Hon. Donald R. Cassling of the U.S. Bankruptcy Court for the Northern District of Illinois has scheduled a status hearing on the Debtor's plan and disclosure statement is set for Aug. 29, 2017, at 10:00 a.m. As reported by the Troubled Company Reporter on June 28, 2017, the Court extended the exclusive periods for the Debtor to file a plan of reorganization and disclosure statement, and to solicit acceptances of the plan to Aug. 22, 2017, and Oct. 23, 2017, respectively. About Anderson Shumaker Based in Chicago, Illinois, Anderson Shumaker Company provides open die forgings and custom forgings in various shapes and finishes using stainless steel, aluminum, carbon steel and various grades of alloy steel. Anderson Shumaker filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-05206) on Feb. 23, 2017. The petition was signed by Richard J. Tribble, chief executive officer. At the time of filing, the Debtor had $1 million to $10 million in estimated assets and $10 million to $50 million in estimated liabilities. The case is assigned to Judge Donald R Cassling. Scott R. Clar, Esq., and Brian P. Welch, Esq., at Crane, Heyman, Simon, Welch & Clar serve as counsel to the Debtor. RSM US LLP is the Debtor's accountant. U.S. Trustee Patrick S. Laying on March 9, 2017, appointed five creditors to serve on an official committee of unsecured creditors. The committee members are: (1) Electralloy, G.O. Carlson, Inc.; (2) Carlson Tool & Manufacturing Corp.; (3) Progressive Steel Treating, Inc.; (4) Haynes International, Inc.; and (5) Ellwood Group. Shelly A. DeRousse, Esq., Devon J. Eggert, Esq., Elizabeth L. Janczak, Esq., and Trinitee G. Green, Esq., at Freeborn & Peters LLP serve as counsel to the Committee. BAKKEN INCOME: Seeks to Hire SingerLewak as Accountant ------------------------------------------------------ Bakken Income Fund LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire an accountant. The Debtor proposes to hire SingerLewak LLP to prepare its tax returns for a fixed fee of $30,000, and audit its financial statements for a fixed fee of $56,500. W. Edward Schenkein, a certified public accountant and a partner at SingerLewak, disclosed in a court filing that all employees of his firm are "disinterested persons" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: W. Edward Schenkein SingerLewak LLP 3600 S. Yosemite Street, Suite 600 Denver, CO 80237 Tel: (303) 694-6700 About Bakken Income Fund Bakken Income Fund LLC is an oil and gas investment fund. It was formed in Colorado in 2011. Its corporate offices are located at 521 DTC Parkway, Suite 200, Greenwood Village, Colorado. Bakken Income Fund sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 16-20212) on Oct. 17, 2016. Randall Kenworthy, the managing member, signed the petition. The Debtor estimated its assets and liabilities at $1 million to $10 million. Judge Elizabeth E. Brown oversees the case. The Debtor tapped Courtney H. Gilmer, Esq. at Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C. as lead bankruptcy counsel, and Brownstein Hyatt Farber Schreck, LLP as co-counsel. The Debtor also hired TenOaks Energy Advisors, LLC as sales agent. No trustee, examiner or official creditors' committee has been appointed. BCC SANDUSKY: Taps Goodman Real Estate as Broker ------------------------------------------------ BCC Sandusky Permanent LLC seeks approval from the U.S. Bankruptcy Court for the Northwestern District of Ohio to hire a real estate broker. The Debtor proposes to hire Goodman Real Estate Services Group LLC to lease 15,440 square feet of vacant space at its property known as the Crossings of Sandusky located in Sandusky, Ohio. As compensation, the firm is entitled to receive a commission based upon this formula: (a) Build-to-Suit Lease/In-Line Lease Six percent (6%) of build-to-suit lease/in-line lease value for primary lease term limited to leases under 20,000 square feet, except that in the event any lease contains an initial lease term in excess of 10 years, the client's obligation will be limited to the first 10 years of such lease term. (b) Ground Lease A percentage of the ground lease value for primary lease term except that in the event any lease contains an initial lease term in excess of 15 years, the client's obligation will be limited to the first 15 years of such lease term. (c) Commission Structure Ground lease value: $0 - $1 million $1,000,001 and greater Cumulative Commission: Six Percent (6%) Five Percent (5%) Richard Edelman, senior vice-president and principal of Goodman, disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Richard Edelman Goodman Real Estate Services Group LLC 25333 Cedar Road, Suite 305 Cleveland, OH 44124 Phone: 216-381-8200 Fax: 216-381-8211 Email: info@goodmanrealestate.com About BCC Sandusky Permanent LLC Based in Cincinnati, Ohio, BCC Sandusky Permanent LLC's business operation involves the lease of the structures and land on its real property known as the Crossings of Sandusky to the various retail-business establishments, which operate from the property. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio Case No. 17-30905) on March 30, 2017. The petition was signed by George W. Fels, co-manager. At the time of the filing, the Debtor estimated its assets and debts at $10 million to $50 million. The Chapter 11 case is assigned to Judge Mary Ann Whipple. The Debtor is represented by Steven L. Diller, Esq. and Eric R. Neumann, Esq., at Diller and Rice, LLC, and Raymond L. Beebe, Esq at Raymond L. Beebe Co. On April 7, 2017, the Bankruptcy Court appointed NAI Daus as receiver for BCC Sandusky Permanent. The receiver hired Frost Brown Todd LLC as counsel. BCC SANDUSKY: Taps Marcus and Millichap as Real Estate Broker ------------------------------------------------------------- BCC Sandusky Permanent, LLC seeks approval from the U.S. Bankruptcy Court for the Northwestern District of Ohio to hire Marcus and Millichap Real Estate Investment Services of Ohio. The firm will assist the Debtor in marketing its primary asset for sale: a real property known as the Crossings of Sandusky located in Sandusky, Ohio. As compensation, Marcus and Millichap will get a commission of 1% of the purchase price under any sale of the property. This commission will only be due if a sale occurs and is only due at the time of the closing of the sale. Craig Fuller, senior director of Marcus and Millichap, disclosed in a court filing that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Craig Fuller Marcus and Millichap Real Estate Investment Services of Ohio Crown Centre 5005 Rockside Road, Suite 1100 Independence, OH 44131 Tel: (216) 264-2000/(216) 264-2043 Fax: (216) 264-2010 About BCC Sandusky Permanent LLC Based in Cincinnati, Ohio, BCC Sandusky Permanent LLC's business operation involves the lease of the structures and land on its real property known as the Crossings of Sandusky to the various retail-business establishments, which operate from the property. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio Case No. 17-30905) on March 30, 2017. The petition was signed by George W. Fels, co-manager. At the time of the filing, the Debtor estimated its assets and debts at $10 million to $50 million. The Chapter 11 case is assigned to Judge Mary Ann Whipple. The Debtor is represented by Steven L. Diller, Esq. and Eric R. Neumann, Esq., at Diller and Rice, LLC, and Raymond L. Beebe, Esq at Raymond L. Beebe Co. On April 7, 2017, the Bankruptcy Court appointed NAI Daus as receiver for BCC Sandusky Permanent. The receiver hired Frost Brown Todd LLC as counsel. BEMA RESTAURANT: Taps Madoff & Khoury as Legal Counsel ------------------------------------------------------ Bema Restaurant Corporation seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to hire legal counsel. The Debtor proposes to hire Madoff & Khoury LLP to give legal advice regarding its duties under the Bankruptcy Code, and provide other legal services related to its Chapter 11 case. The firm received a retainer in the amount of $14,217. David Madoff, Esq., disclosed in a court filing that he and other members of his firm are "disinterested" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: David B. Madoff, Esq. Steffani M. Pelton Nicholson, Esq. Madoff & Khoury LLP 124 Washington Street Foxboro, MA 02035 Phone: 508-543-0040 Fax: 508-543-0020 Email: madoff@mandkllp.com Email: pelton@mandkllp.com About Bema Restaurant Bema is a Massachusetts corporation that owns and operates a Boston area restaurant called Patrons, which is located at 138 Brighton Avenue, Allston, MA. It is an affiliate of Sunset Partners, Inc., a Massachusetts corporation that owns and operates two additional Boston area restaurants: the Sunset Grill & Tap located at 130 Brighton Avenue, Allston, MA; and, the Sunset Cantina located at 916 Commonwealth Avenue, Brookline, MA. On June 7, 2017, Sunset Partners filed a separate Chapter 11 case, (Bankr. D. Mass. Case No. 17-12178). Bema Restaurant Corporation, d/b/a Patron's, filed a Chapter 11 petition (Bankr. D. Mass. Case No. 17-12434) on June 29, 2017. The petition was signed by Marc Berkowitz, president. The case is assigned to Judge Joan N. Feeney. The Debtor is represented by David B. Madoff, Esq. and Steffani Pelton Nicholson, Esq. at Madoff & Khoury LLP. At the time of filing, the Debtor had $1.12 million in assets and $4.45 million in liabilities. No trustee, examiner, or official committee has been appointed in this Chapter 11 case. BICOM NY: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------- Affiliated Debtors that filed separate Chapter 11 bankruptcy petitions: Debtor Case No. ------ -------- BICOM NY, LLC 17-11906 dba Jaguar Land Rover Manhattan 787 11th Avenue New York, NY 10019 ISCOM NY, LLC 17-11907 dba Maserati of Manhattan One York Street New York, NY 10013 Bay Ridge Automotive Company, LLC 17-11908 Business Description: BICOM NY is a dealer of Jaguar and Land Rover cars in New York City, New York. ISCOM NY, LLC is a retailer of Maserati cars in New York City, New York. On the Net: http://www.landrovermanhattan.com http://www.maseratiofmanhattan.com Chapter 11 Petition Date: July 10, 2017 Court: United States Bankruptcy Court Southern District of New York (Manhattan) Debtors' Counsel: Eric J. Snyder, Esq. WILK AUSLANDER LLP 1515 Broadway, 43rd Floor New York, NY 10036 Tel: (212) 981-2300 Fax: (212) 752-6380 Email: esnyder@wilkauslander.com Total Total Assets Liabilities --------- ----------- BICOM NY, LLC $37.37M $12.17M ISCOM NY, LLC $4.85M $5.33M The petition was signed by Gary B. Flom, manager. Full-text copies of the petitions are available for free at: http://bankrupt.com/misc/nysb17-11906.pdf http://bankrupt.com/misc/nysb17-11907.pdf List of BICOM NY, LLC's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ 77 Metro Way, LLC $120,000 Aboyoun & Heller LLC $65,312 Bloomberg Communications, Inc. $41,478 BP Lubricants USA Inc. $36,661 CDT Resources, LLC $173,969 CLF Ontario dfbfa Solu Tech $29,454 Energy Design Service Systems $183,681 Ernie's Auto Detailing Inc. $55,484 EvolveiP $58,038 Independent Dealer Group, Inc. $71,210 J & B Body Works $46,163 J.T. Magen & Company Inc. $10,000,000 44 West 28th Street, 11th Floor New York, NY 10001 Motivated Security Services $171,914 One Service Source Inc. $50,081 Onsite Wheel Repair Inc. $50,722 Prestige Car Care of NY $35,864 SCF Realty II LLC $75,000 Thomas Veltre P.E P.C. $91,983 Who's Calling $31,800 Withum Smith & Brown $70,276 List of ISCOM NY, LLC's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ Aboyoun & Heller LLC $13,467 Auto Design NYC $17,168 Avenue Media LLC $15,000 Bloomberg Communications, Inc. $39,544 Carnow Inc. $5,180 Cars.com, LLC $5,000 CBS 880AM Radio $7,000 Dealer Dot Com Inc. $44,820 Dealer Socket $8,966 Empire State Towing $6,180 Francis Gensheimer $4,265 James Kelly $4,186 New York Design Architects LLP $22,782 NYS Dept. of Taxation $385,935 Bankruptcy Division PO Box 5300 Albany, NY 12205-0300 One Service Source Inc. $12,520 One York Property, LLC $62,466 Onsite Wheel Repair Inc. $7,350 Prestige Car Care of NY $5,560 Rojo Auto Body Corp. $6,875 William Mackeigan $12,850 BLACK DIAMOND HOSPITALITY: Taps Kutner Brinen as Legal Counsel -------------------------------------------------------------- Black Diamond Hospitality, LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Kutner Brinen P.C. to, among other things, give legal advice regarding its duties under the Bankruptcy Code, and assist in the preparation of a plan of reorganization. The hourly rates charged by the firm are: Lee Kutner $500 Jeffrey Brinen $430 Jenny Fujii $340 Keri Riley $280 Law Clerk $175 Paralegal $75 The firm holds a retainer in the amount of $3,283. Lee Kutner, Esq., disclosed in a court filing that his firm is "disinterested" as defined in section 101(14) of the Bankruptcy Code. Kutner Brinen can be reached through: Lee M. Kutner, Esq. Kutner Brinen, P.C. 1660 Lincoln Street, Suite 1850 Denver, CO 80264 Telephone: (303) 832-2400 Telecopy: (303) 832-1510 Email:lmk@kutnerlaw.com About Black Diamond Hospitality Black Diamond Hospitality, LLC is a privately held company that operates vacation lodges in Longview, Texas. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 17-16234) on July 6, 2017. Rashad Khan, authorized representative, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets and liabilities of $1 million to $10 million. Judge Joseph G. Rosania Jr. presides over the case. BLACK IRON: Hires Durham Jones as Special Litigation Counsel ------------------------------------------------------------ Black Iron LLC seeks authorization from the U.S. Bankruptcy Court for the District of Utah to employ Durham Jones & Pinegar P.C. as special litigation counsel. The Debtor requires Durham Jones as special litigation counsel for tax appeal matters to assist the Debtor and its general bankruptcy counsel in all matters relating to the Pre-Bankruptcy Claim Tax Actions. Durham Jones will be paid at these hourly rates: Gary R. Thorup $330 Bryan J. Pattison $270 Durham Jones will also be reimbursed for reasonable out-of-pocket expenses incurred. Gary Thorup, shareholder of Durham Jones, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and their estate. Durham Jones can be reached at: Gary Thorup, Esq. DURHAM JONES & PINEGAR PC 3301 N. Thanksgiving Way, Suite 400 Lehi, UT 84043 Tel: (801) 375-6600 Fax: (801) 375-3865 About Black Iron LLC Black Iron, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 17-24816) on June 1, 2017. Steve L. Gilbert, manager, signed the petition. At the time of the filing, the Debtor estimated its assets and debts at $1 million to $10 million. Judge William T. Thurman presides over the case. BRANDON DORTCH: Unsecureds to Recoup 14% Under Plan --------------------------------------------------- Brandon Dortch Farms, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Alabama a first amended disclosure statement dated June 26, 2017. The Debtor will plant, cultivate, harvest, and sell its 2017 crops, and will continue in the farming business. The Debtor will finance its 2017 crops and payments under the Plan with a $1 million line of credit with First National Bank & Trust secured by 2017 crop proceeds. The Debtor will restructure and will pay the secured claims held by First National Bank Trust, Regions Bank, AGCO Finance, John Deere Financial, Kubota, Ford Motor Credit, Irrigation Finance, and Diversified Credit (including certain contracts which were written in the name of Brandon Dortch personally, and which are secured by farm equipment used by the Debtor). It will assume a farm equipment lease on a sprayer with AGCO Finance. The Debtor estimates that the total of general unsecured claims, including secured creditor deficiency claims, is approximately $2.9 million. Each unsecured claimant holding an allowed claim will receive a quarterly distribution of its pro rata share of $20,000 for a period of 20 quarters in full satisfaction of all allowed unsecured claims, Without interest. The Debtor estimates that this will result in a total distribution to unsecured creditors of approximately 14%. The first quarterly distribution will be made within 30 days after the first day of the calendar quarter following the Effective Date, and each subsequent quarterly distribution shall be made within 30 days after the first day of each succeeding quarter. Timothy Brandon Dortch will retain his membership interest in the Debtor. He will manage the Debtor's farming business. He has personally guaranteed virtually all secured debt, and much of the unsecured debt, of the Debtor. His annual salary will be $120,000, which will be utilized for personal living expenses for himself and his family, and to fund a personal Chapter 11 plan. The Debtor will continue to operate its farm and all related activities. All distributions required under the Plan will be made from future revenues. A copy of the First Amended Disclosure Statement is available at: http://bankrupt.com/misc/alsb15-03885-278.pdf As reported by the Troubled Company Reporter on April 20, 2017, the Debtor filed with the Court a disclosure statement to accompany its plan of reorganization, dated April 7, 2017, which proposed that each unsecured claimant receive a quarterly distribution of its pro rata share of $20,000 for a period of 20 quarters in full satisfaction of all unsecured claims, without interest. The Debtor estimated that this will result in a total distribution to unsecured creditors of approximately 1%. About Brandon Dortch Farms Headquartered in Bay Minette, Alabama, Brandon Dortch Farms, LLC, is engaged in the farming business. The Debtor plants, grows and harvests several crops, including cotton, peanuts, corn, soybeans and certain "truck" crops on land owned by the Debtor and on rented land. In order to operate the farm, the Debtor must incur expenses for seed, fertilizer, chemicals, fuel, insurance, land rent, equipment maintenance and repairs, among others. Brandon Dortch Farms filed for Chapter 11 bankruptcy protection (Bankr. S.D. Ala. Case No. 15-03885) on Nov. 25, 2015, listing $4.55 million in total assets and $8.23 million in total liabilities. The petition was signed by Timothy Brandon Dortch, managing member. Judge Henry A. Callaway presides over the case. Lawrence B. Voit, Esq., at Silver, Voit & Thompson P.C., serves as the Debtor's bankruptcy counsel. On April 7, 2017, the Debtor filed a disclosure statement, which explains its proposed Chapter 11 plan of reorganization. CAPSTONE PEDIATRICS: Seeks to Expand Scope of Meridian Services --------------------------------------------------------------- Capstone Pediatrics, PLLC has filed an amended application seeking court approval to expand the scope of services provided by Meridian Law, PLLC. In its application, the Debtor asked the U.S. Bankruptcy Court for the Middle District of Tennessee to allow the firm to handle the litigation of all claims objections to which a response was filed in its bankruptcy case. The firm will be responsible for litigation-related actions including conducting discovery, representing the Debtor in adversary proceeding trials to resolve the disputed claims, and negotiating and drafting resolutions of claims objections. Meridian was originally retained to provide legal services necessary for the handling of the Debtor's business, contract, and employment law matters for an hourly fee of between $185 (associate-level attorneys) and $250 (partner-level attorneys). For more complex tasks associated with litigating the adversary proceedings involving claims disallowance, the firm will charge $300 per hour (partner-level attorneys) and $250 per hour (associate-level attorneys), according to the filing. About Capstone Pediatrics Capstone Pediatrics, PLLC, aka Centennial Pediatrics, is a physician-owned pediatric practice headquartered in Nashville, Tennessee. The Company was formerly known as Centennial Pediatrics. It was acquired by Dr. Gary Griffieth and his sister, Winnie Toler, in late 2013 from Dr. Edward Hamilton, who was convicted on a misdemeanor fraud. The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D. Tenn. Case No. 15-09031) on Dec. 18, 2015, estimating its assets at between $1 million and $10 million and liabilities at between $10 million and $50 million. The petition was signed by Gary G. Griffieth, chief executive officer. Judge Randal S. Mashburn presides over the case. Dunham Hildebrand, PLLC serves as the Debtor's bankruptcy counsel. The Debtor hired Legacy Strategy Group to serve as its consultant, and Meridian Law, PLLC to provide legal services necessary to handle the Debtor's ongoing business, contract, and employment law matters. On February 20, 2017, the Debtor filed a disclosure statement, which explains its proposed Chapter 11 plan of reorganization. CENTORBI LLC: Unsecured Creditors to Get $50,000 for 5 Yrs. ----------------------------------------------------------- Centorbi, LLC, and Centorbi Custom Cabinetry, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of Missouri a combined disclosure statement dated June 26, 2017, and joint plan of reorganization dated June 26, 2017. A hearing to consider the approval of the Disclosure Statement is set for Aug. 9, 2017, at 10:00 a.m. Objections to the Disclosure Statement must be filed by Aug. 2, 2017. Ballots must be received by 5:00 p.m. prevailing Central Time on Aug. 2, 2017. The Class 9 General Unsecured Claims of Centorbi, LLC, and Class 10 General Unsecured Claims of Centorbi Cabinetry, Inc., are impaired by the Plan. Holders of Class 9 Unsecured Claims will receive their pro rata share of $50,000 to be distributed in the form of quarterly payments for five years. Holders of Class 10 Unsecured Claims will receive their pro rata share of $10,000 to be distributed in the form of quarterly payments for five years following distributions to Allowed Administrative Claims, Allowed Priority Claims, and Allowed Class 9 Claims. All of Debtors' income from every source will be used to fund the Plan. Further, the equity contribution of Thomas Centorbi as well as the sales proceeds from certain real property of Thomas Centorbi and Centorbi Real Estate, LLC, will be used to fund the Plan. A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/moeb16-47459-91.pdf About Centorbi, LLC Centorbi LLC and Centorbi Custom Cabinetry, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 16-47459) on Oct. 14, 2016. The petitions were signed by Derek T. Centorbi, authorized member. The cases are assigned to Judge Kathy A. Surratt-States. At the time of the filing, Centorbi LLC estimated its assets and liabilities at $1 million to $10 million. Centorbi Custom estimated assets of less than $1 million. CIBER INC: SAP America Appointed to Creditors' Committee -------------------------------------------------------- The Office of the U.S. Trustee on July 7 appointed SAP America, Inc., as new member of the official committee of unsecured creditors in the Chapter 11 cases of CIBER, Inc. and its affiliates. Meanwhile, ScanSource, Inc. and Agile Global Solutions, Inc., are no longer members of the committee: The committee is now composed of: (1) Consilio LLC Attn: Michael Flanagan 1828 L. St. NW, Suite 1070 Washington, DC 20036 Phone: 202-822-6222 (2) SAP America, Inc. Attn: Mary Hanss Senior Vice-President and General Counsel 3999 West Chester Pike Newton Square, PA 19073 Phone: (610) 661-3281 About CIBER Inc. CIBER, Inc. -- http://www.ciber.com/-- is a global information technology consulting, services and outsourcing company. CIBER, Inc., and two other affiliates sought bankruptcy protection on April 9, 2017 (Bankr. D. Del. Lead Case No. 17-10772). The petition was signed by Christian Mezger, chief financial officer. The Debtors disclosed total assets of $334.2 million and total liabilities of $171.9 million as of Sept. 30, 2016. The Hon. Brendan Linehan Shannon presides over the case. Morrison & Foerster LLP is the Debtors' lead bankruptcy counsel. Polsinelli, PC, serves as co-counsel while Saul Ewing LLP serves as local counsel. The Debtors also hired Houlihan Lokey as investment banker and financial advisor; Alvarez & Marsal North America, LLC, as restructuring advisor; and Prime Clerk LLC as noticing and claims agent. An official committee of unsecured creditors has been appointed in the Chapter 11 case. The committee hired Perkins Coie, LLP as bankruptcy counsel; Shaw Fishman Glantz & Towbin LLC as co-counsel; and BDO Consulting as financial advisor. CIDER INC: Seeks to Hire Grant Thornton as Tax Advisor ------------------------------------------------------ CIDER Inc seeks authority from the US Bankruptcy Court for the District of Delaware to employ Grant Thornton LLP as tax advisor. Services to be provided by Grant Thornton are: a. tax consulting in federal, state, international and expatriate (company related) matters as requested; b. review and sign federal and state income tax returns, as requested, for the year ended December 31, 2016 and for subsequent periods as required; and c. provide additional tax compliance assistance as required. Hourly rates Grant Thornton professionals will charge are: pursuant to the Engagement Agreements are as Partner $851-$711 Managing Director $774-$653 Director/Senior Manager $743-$621 Manager $621-$473 Senior Associate $500-$347 Associate $306-$252 Administrative Personnel $77 David L. Berezin, partner of the firm of Grant Thornton LLP, attests that his firm is a "disinterested person" as that term is defined in Bankruptcy Code Section 101(14), in that Grant Thornton, its partners, principals and other employees are not creditors, equity security holders, or insiders of the Debtors; are not and were not, within two years before the Petition Date, a director, officer, or employee of the Debtors; and do not have interests materially adverse to the interest of the Debtors' estate or any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the Debtors or for any other reason. The Firm can be reached through: David L. Berezin GRANT THORNTON LLP 1801 California St., Ste. 3700 Denver, CO 80202 Tel: (303) 813-4003 Fax: (303) 839 5711 Email: david.berezin@us.gt.com About CIBER Inc. CIBER, Inc. -- http://www.ciber.com/-- is a global information technology consulting, services and outsourcing company. CIBER, Inc., and two other affiliates sought bankruptcy protection on April 9, 2017 (Bankr. D. Del. Lead Case No. 17-10772). The petition was signed by Christian Mezger, chief financial officer. The Debtors disclosed total assets of $334.2 million and total liabilities of $171.9 million as of Sept. 30, 2016. The Hon. Brendan Linehan Shannon presides over the case. Morrison & Foerster LLP is the Debtors' lead bankruptcy counsel. Polsinelli, PC, serves as co-counsel while Saul Ewing LLP serves as local counsel. The Debtors also hired Houlihan Lokey as investment banker and financial advisor; Alvarez & Marsal North America, LLC, as restructuring advisor; and Prime Clerk LLC as noticing and claims agent. An official committee of unsecured creditors has been appointed in the Chapter 11 case. The committee hired Perkins Coie, LLP as bankruptcy counsel; Shaw Fishman Glantz & Towbin LLC as co-counsel; and BDO Consulting as financial advisor. COHERENT INC: S&P Raises CCR to BB+ on Improved Credit Metrics -------------------------------------------------------------- S&P Global Ratings raised its corporate credit rating to 'BB+' from 'BB' on Santa Clara, Calif.-based Coherent Inc. The outlook is stable. At the same time, S&P said, "we raised our issue-level rating to 'BBB-' from 'BB+' on the company's $100 million revolving credit facility and its €670 million senior secured term loan. The '2' recovery rating on the senior secured debt indicates our expectation for substantial recovery (70%-90%; rounded estimate of 75%) of principal in the event of a payment default." "The rating action reflects our view of the company's position as a diversified provider of laser solutions, with improved scale after the Rofin acquisition, as well as growth opportunities in organic light-emitting diode displays (OLEDs) and fiber lasers," said S&P Global Ratings credit analyst Minesh Shilotri. The stable outlook incorporates S&P's view that Coherent will generate double-digit organic revenue growth over the next 12 months, while modestly improving margins and generating annual free cash flow of $150 million or better. CORNERSTONE APPAREL: Taps Steven C. Kim as Special Counsel ---------------------------------------------------------- Cornerstone Apparel, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire the Law Offices of Steven C. Kim & Associates as its special counsel. The firm will assist the Debtor in its real estate lease negotiations with landlords, prepare documents and represent the Debtor in litigation related to the leases, and provide other business-related legal advice. Steven Kim, Esq., the attorney who will be primarily responsible for representing the Debtor, has agreed to a discounted hourly rate of $240, and a monthly fixed retainer in the amount of $3,600. Mr. Kim disclosed in a court filing that his firm does not represent or hold any interest adverse to the Debtor and its estate. The firm can be reached through: Steven C. Kim, Esq. Law Offices of Steven C. Kim & Associates 3701 Wilshire Boulevard, Suite 1040 Los Angeles, CA 90010 Phone: (213)365-7007 Fax: (213)365-7001 Email: stevenckim@sbcglobal.net About Cornerstone Apparel Inc. Cornerstone Apparel, Inc., which operates a chain of apparel stores under the name Papaya Clothing, filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal. Case No. 17-17292) on June 15, 2017. The petition was signed by Tae Y. Yi, president. The Debtor estimated assets of $1 million to $10 million and debt of $10 million to $50 million. Papaya Clothing -- http://www.papayaclothing.com/-- caters to teens, juniors and the "young at heart", and focuses on the 16 to 25 year old age group. Papaya is headquartered in Commerce, California, and had a workforce of 1,300 employees at the time of the bankruptcy filing. As of June 15, 2017, Papaya owned and operated more than 80 retail stores located shopping centers and malls throughout the United States. Judge Vincent P. Zurzolo presides over the case. The Debtor tapped Levene, Neale, Bender, Yoo & Brill L.L.P as counsel. CROSIER FATHERS: Committee Taps Stinson Leonard as Legal Counsel ---------------------------------------------------------------- The official committee of unsecured creditors of The Crosier Fathers and Brothers Province, Inc. and its affiliates received approval from the U.S. Bankruptcy Court for the District of Minnesota to hire Stinson Leonard Street LLP. The committee tapped the firm to, among other things, give legal advice regarding its duties under the Bankruptcy Code, investigate the Debtors' financial condition, advise unsecured creditors of its decisions, and participate in formulating a bankruptcy plan. The attorneys and paralegal expected to represent the committee are: Robert Kugler Partner $630 Edwin Caldie Partner $450 Phillip Ashfield Partner $380 Brittany Michael Associate $280 Drew Glasnovich Associate $275 Aong Moua Paralegal $250 Stinson Leonard has agreed to a maximum hourly rate of $600. Robert Kugler, Esq., disclosed in a court filing that all employees of his firm are "disinterested" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert T. Kugler, Esq. Stinson Leonard Street LLP 150 South Fifth Street, Suite 2300 Minneapolis, MN 55402 Phone: 612-335-1500 About Crosier Fathers and Brothers Province Inc. Crosier Fathers and Brothers Province, Inc. -- https://www.crosier.org -- is a Minnesota non-profit corporation that is the civil counterpart of the religious entity known as the Canons Regular of the Order of the Holy Cross Province of St. Odilia. Crosier, Crosier Fathers of Onamia and The Crosier Community of Phoenix sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Minn. Case No. 17-41681 to 17-41683) on June 1, 2017. The Rev. Thomas Enneking, president, signed the petitions. Crosier Fathers and Brothers listed less than $1 million in assets and less than $500,000 in liabilities. Crosier Fathers of Onamia and The Crosier Community of Phoenix each listed under $10 million in assets. Crosier Fathers of Onamia listed under $10 million in liabilities, while The Crosier Community of Phoenix listed under $500,000 in debts. Judge Robert J Kressel presides over the cases. The Debtors have hired Quarles & Brady LLP as lead counsel and Larkin Hoffman as local counsel. JND Corporate Restructuring has been retained as claims and noticing agent. The Debtors also have hired Keegan, Linscott and Kenon, P.C., as accountant; Gaskins Bennett Birrell Schupp LLP as special insurance counsel; Larson King LLP as special litigation counsel in civil actions filed before the petition date; and Larkin Hoffman Daly & Lindgren Ltd., as local counsel. On June 22, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. EAC ENTERPRISES: Seeks to Hire Harvey Law Firm as Attorney ---------------------------------------------------------- EAC Enterprises, LLC and EATGATOR, LLC seek authority from the US Bankruptcy Court for the Eastern District of Texas, Sherman Division, to employ The Harvey Law Firm , P.C. as its attorneys. Professional services to be rendered by Harvey Law are: a. give the Debtors legal advice with respect to their duties and powers; b. assist the Debtors in their investigation of its assets, liabilities, and financial condition of the Debtors, the Debtors' business and any other matter relevant to the Bankruptcy Case or to the formulation of a plan or plans of reorganization; c. file, or amend if necessary, schedules and statements of financial affairs and any other pleading or document deemed necessary to be filed on behalf of the Debtors; d. participate with the Debtors in the formulation of a plan or plans of reorganization, including, if necessary, attend and assists in negotiation sessions, discussions and meetings with its creditors; e. assist the Debtors in the sale of their asset pursuant to Section 363 of the bankruptcy code; f. assist the Debtors in requesting the appointment of professional persons, should such action be necessary; g. represent the Debtors at all necessary hearings, including but not limited to motions, trials, rejection and acceptance of executory court hearings, disclosure statement and plan confirmation hearing; and h. perform such other legal services as may be required and in the best interests of the Debtors and its estate, including, but not limited to, prosecution of necessary adversary proceeding. Keith Harvey attests that as far as he has been able to ascertain after due diligence, neither he, THLF nor any partner, associate or counsel thereof holds or represents any disqualifying interest adverse to the Debtor or the estate or fails to be a "disinterested person" so as to render THLF ineligible to serve as counsel to the Debtor under Section 327 of the Bankruptcy Code. Keith Harvey's current customary hourly rate is $400 per hour. The Firm can be reached through: Keith W. Harvey, Esq. HARVEY LAW FIRM, P.C. 6510 Abrams Road, Suite 280 Dallas, TX 75231 Tel: (214) 741-3446 Fax: (214) 741-3760 About EAT GATOR EAT GATOR, LLC, based in Dallas, Texas, filed a Chapter 11 petition (Bankr. E.D. Tex. Case No. 17-41296) on June 16, 2017. Keith W. Harvey, Esq., at Harvey Law Firm, P.C., serves as the Debtor's bankruptcy counsel. In its petition, the Debtor estimated less than $1 million in both assets and liabilities. EARTHONE CIRCUIT: U.S. Trustee Forms 5-Member Committee ------------------------------------------------------- The Office of the U.S. Trustee on July 7 appointed five creditors to serve on the official committee of unsecured creditors in the Chapter 11 case of EarthOne Circuit Technologies Corporation. The committee members are: (1) Darren W. Hulstine 661 Shelter Ridge Place Nipomo, CA 93444 (2) Michael G. Corrigan 24609 Plover Way Malibu, CA 90265 (3) David Torp c/o Leslie Cohen Law PC 506 Santa Monica Blvd., Suite 200 Santa Monica, CA 90401 (4) One LLP Christopher Arledge 4000 MacArthur Blvd., Suite 500 Newport Beach, CA 92660 (5) O'Neil LLP William E. Halle 19900 MacArthur Blvd., Suite 1050 Irvine, CA 92612 Official creditors' committees have the right to employ legal and accounting professionals and financial advisors, at a debtor's expense. They may investigate the debtor's business and financial affairs. Importantly, official committees serve as fiduciaries to the general population of creditors they represent. EarthOne is represented by: Robert E Opera, Esq. Winthrop Couchot Golubow Hollander, LLP 660 Newport Center Dr Ste 400 Newport Beach, CA 92660 Tel: 949-720-4100 Email: ropera@winthropcouchot.com Email: ropera@wcghlaw.com About EarthOne Circuit Technologies Corp. Based in Vetura, California, EarthOne Circuit Technologies Corporation, which does business as eSurface, is the creator and licensor of the eSurface proprietary patented technology for applied conductive materials. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 17-12521) on June 21, 2017. The petition was signed by Doug Molyneux, secretary. The case is assigned to Judge Catherine E. Bauer. At the time of the filing, the Debtor disclosed that it had estimated assets and liabilities of $1 million to $10 million. EMEDICAL STRATEGIES: Seeks to Hire A&W CPAs as Accountant --------------------------------------------------------- eMedical Strategies, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire an accountant. The Debtor proposes to hire A&W CPAs, LLC to, among other things, prepare its tax returns, provide analysis to assist the Debtor in connection with its negotiations and meetings with creditors, and provide other services related to its Chapter 11 case. Wayne He, a certified public accountant employed with A&W, will charge an hourly fee of $200 for his services. A&W is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Wayne H. He A&W CPAs, LLC 8 Auer Court East Brunswick, NJ 08816 About eMedical Strategies LLC eMedical Strategies, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 17-22851) on June 23, 2017. Paul Yu, member, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets of less than 500,000 and liabilities of less than $1 million. The Debtor is represented by: Richard D. Trenk, Esq. Trenk, DiPasquale, Della Fera & Sodono, P.C. 347 Mount Pleasant Avenue, Suite 300 West Orange, NJ 07052 Phone: 973-243-8600 Email: rtrenk@trenklawfirm.com ENERGY FUTURE: Elliott Working on $18.5 Billion Bid for Oncor ------------------------------------------------------------- Michael J. de la Merced, writing for The New York Times, reports that Paul E. Singer's Elliott Management hedge fund is hoping to block Warren E. Buffett's $9 billion takeover bid for Energy Future Holdings by working on an even higher offer. According to the report, Elliott on Monday published correspondence with EFH that included descriptions of an alternative takeover bid that it was working on, which carried a price of about $9.3 billion. The hedge fund wrote in a July 5 letter to Energy Future, such a plan -- if it came together -- would value the company and its prized Oncor utility at $18.5 billion, including assumed debt. The takeover bid from Mr. Buffett's Berkshire Hathaway, which Energy Future accepted on Friday, carried a total enterprise value of roughly $18 billion, the NY Times report says. The NY Times notes a spokesman for Elliott declined to comment beyond the public materials and Oncor did not immediately respond to a request for comment. The report also notes Elliott has said it is the company's biggest creditor with $2.9 billion in holdings. Elliott on July 5, 2017, sent a letter to the boards of directors of Energy Future Holdings Corp. and Energy Future Intermediate Holding Company LLC regarding a possible change of control transaction with Berkshire Hathaway Energy Co. On May 17, 2017, Energy Future Holding Corp. and Energy Future Intermediate Holding Company LLC entered into a confidentiality agreement with Elliott Management Corporation and certain of its affiliated funds. The following materials are being publicly disclosed pursuant to that Confidentiality Agreement and are available for viewing at http://elliottdocs.com/energy-future.php In connection with the Company's discussions with Elliott regarding potential restructurings and strategic alternatives, on June 4, 2017, the Company prepared and provided to Elliott and its professional advisors a presentation related to cash projections under certain potential restructuring scenarios, a copy of which is posted to the Website. On June 24, 2017, in connection with discussions with Elliott and after the exchange of several proposals regarding the terms of a potential consensual restructuring, the Company submitted a proposal to Elliott. A copy of that proposal made by the Company to Elliott, as well as a counterproposal made by Elliott to the Company on July 1, 2017, and a blackline showing changes proposed in the Elliott counterproposal, are posted to the Website. In conjunction with the negotiations over terms of that potential Creditor Restructuring, a presentation was prepared regarding the debt capital needs to consummate such restructuring, a copy of which is posted to the Website. Certain information included in such presentation does not necessarily reflect the views of the Company. All materials on the Website are being published pursuant to the Confidentiality Agreement and for no other purpose, and none of the materials on the Website reflect any agreement with respect to any of the materials or potential transactions discussed therein. Elliott expressly disclaims any responsibility or liability for any loss howsoever arising from any use of or reliance on any of the materials or any of their contents as a whole or in part by any person, or otherwise howsoever arising in connection with the same. New Merger Deal, New Exit Plan In December 2015, the Delaware Bankruptcy Court confirmed the Debtors' reorganization plan, which contemplated a tax-free spin of the company's competitive businesses, including Luminant and TXU Energy, and the $20 billion sale of its holdings in non-debtor electricity transaction unit Oncor Electric Delivery Co. to a consortium of investors. But the Plan became null and void after certain first lien creditors notified the occurrence of a "plan support termination event." The Debtors filed a new plan of reorganization on May 1, 2016, which was subsequently amended. That Chapter 11 plan featured alternative options for dealing with the Company's stake in electricity transmission unit Oncor. On February 17, 2017, the Court entered an order confirming the E-Side Debtors' Eighth Amended Joint Plan of Reorganization, which was premised on a merger deal with NextEra Energy. Consummation of the NextEra Plan was conditioned on, among other things, certain regulatory approvals from the Public Utility Commission of Texas. On April 13, 2017, the PUCT entered an order finding that the transactions contemplated by the NextEra Plan and the NEE Merger Agreement were not in the public interest. The PUCT denied a motion for rehearing on June 7, 2017, re-affirming its determination rejecting the transaction. The NextEra deal was valued at $18.4 billion. On July 6, 2017, EFH Corp. and EFIH delivered a notice terminating the NEE Merger Agreement. The E-Side Debtors determined it was in the best interests of their estates to terminate the merger agreement with NextEra after (a) the PUCT denied approval of the deal and two motions for rehearing, and (b) months of evaluating potential alternatives, consistent with the NEE Merger Agreement. On July 7, 2017, Berkshire Hathaway Energy, a subsidiary of Warren Buffett's Berkshire Hathaway Inc., executed a definitive merger agreement with EFH. Under the deal, Berkshire Hathaway Energy will acquire reorganized EFH, which will ultimately result in the acquisition of Oncor. The all-cash consideration for reorganized EFH is $9 billion implying an equity value of approximately $11.25 billion for 100% of Oncor and is subject to closing conditions, including the receipt of required state, federal and bankruptcy court approvals. The transaction is currently expected to be completed in the fourth quarter of 2017. On July 7, the E-Side Debtors also filed a new Chapter 11 plan and explanatory disclosure statement premised on the Berkshire deal. About Energy Future Energy Future Holdings Corp., formerly known as TXU Corp., is a privately held diversified energy holding company with a Portfolio of competitive and regulated energy businesses in Texas. Oncor, an 80 percent-owned entity within the EFH group, is the largest regulated transmission and distribution utility in Texas. The Company delivers electricity to roughly three million delivery points in and around Dallas-Fort Worth. EFH Corp. was created in October 2007 in a $45 billion leverage buyout of Texas power company TXU in a deal led by private-equity companies Kohlberg Kravis Roberts & Co. and TPG Inc. On April 29, 2014, Energy Future Holdings and 70 affiliated companies sought Chapter 11 bankruptcy protection (Bankr. D. Del. Lead Case No. 14-10979) after reaching a deal with some key financial stakeholders to keep its businesses operating while reducing its roughly $40 billion in debt. The Debtors' cases have been assigned to Judge Christopher S. Sontchi (CSS). As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in book value and liabilities of $49.7 billion. The Debtors have $42 billion of funded indebtedness. EFH's legal advisor for the Chapter 11 proceedings is Kirkland & Ellis LLP, its financial advisor is Evercore Partners and its restructuring advisor is Alvarez & Marsal. The TCEH first lien lenders supporting the restructuring agreement are represented by Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and Millstein & Co., LLC, as financial advisor. The EFIH unsecured creditors supporting the restructuring Agreement are represented by Akin Gump Strauss Hauer & Feld LLP, as legal advisor, and Centerview Partners, as financial advisor. The EFH equity holders supporting the restructuring agreement are represented by Wachtell, Lipton, Rosen & Katz, as legal advisor, and Blackstone Advisory Partners LP, as financial advisor. Epiq Systems is the claims agent. Wilmington Savings Fund Society, FSB, the successor trustee for the second-lien noteholders owed about $1.6 billion, is represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq. On May 13, 2014, the U.S. Trustee appointed the Official Committee of TCEH Unsecured Creditors in the Chapter 11 Cases. The TCEH Committee is composed of (a) the Pension Benefit Guaranty Corporation; (b) HCL America, Inc.; (c) BNY, as Indenture Trustee under the EFCH 2037 Notes due 2037 and the PCRBs; (d) LDTC, as Indenture Trustee under the TCEH Unsecured Notes; (e) Holt Texas LTD, d/b/a Holt Cat; (f) ADA Carbon Solutions (Red River); and (g) Wilmington Savings, as Indenture Trustee under the TCEH Second Lien Notes. The TCEH Committee retained Morrison & Foerster LLP as counsel; Polsinelli PC as co-counsel and conflicts counsel; Lazard Freres & Co. LLC as investment banker; FTI Consulting, Inc. as financial advisor; and Charles River Associates as an energy consultant. On October 27, 2014, the U.S. Trustee appointed the Official Committee of Unsecured Creditors representing the interests of the unsecured creditors for EFH, EFIH, EFIH Finance, and EECI, Inc. The EFH/EFIH Committee is composed of (a) American Stock Transfer & Trust Company, LLC; (b) Brown & Zhou, LLC c/o Belleair Aviation, LLC; (c) Peter Tinkham; (d) Shirley Fenicle, as successor-ininterest to the Estate of George Fenicle; and (e) David William Fahy. The EFH/EFIH Committee retained Montgomery, McCracken, Walker & Rhodes, LLP as co-counsel and conflicts counsel; AlixPartners, LLP as restructuring advisor; Sullivan & Cromwell LLC as counsel; Guggenheim Securities as investment banker; and Kurtzman Carson Consultants LLC as noticing agent for both the TCEH Committee and the EFH/EFIH Committee. Given the size and complexity of the Chapter 11 Cases, the U.S. Trustee proposed, and the Debtors and the TCEH Committee agreed, to recommend that the Bankruptcy Court appoint a committee to, among other things, review and report as appropriate on fee applications and statements submitted by the professionals paid for by the Debtors' Estates. The Fee Committee is comprised of four members: (a) one member appointed by and representative of the Debtors (Cecily Gooch, Vice President and Special Counsel for Restructuring, Energy Future Holdings); (b) one member appointed by and representative of the TCEH Creditors' Committee (Peter Kravitz, Principal and General Counsel, Province Capital); (c) one member appointed by and representative of the U.S. Trustee (Richard L. Schepacarter, Trial Attorney, Office of the United States Trustee); and (d) one independent member (Richard Gitlin, of Gitlin and Company, LLC). The Fee Committee retained Godfrey & Kahn, S.C. as counsel; and Phillips, Goldman & Spence, P.A. as co-counsel. * * * On Aug. 29, 2016, Judge Sontchi confirmed the Chapter 11 exit plans of two of Energy Future Holdings Corp.'s subsidiaries, power generator Luminant and retail electricity provider TXU Energy Inc. (the "T-Side Debtors"). The Plan became effective on Oct. 3, 2016. FAIRPOINT COMMUNICATIONS: S&P Raises CCR to B+; Off CreditWatch --------------------------------------------------------------- S&P Global Ratings raised its corporate credit rating on U.S.-based FairPoint Communications Inc. to 'B+' from 'B' and removed it from CreditWatch, where it placed it with positive implications on Dec. 5, 2016. The rating outlook is stable. The upgrade follows the successful completion of Consolidated's acquisition of FairPoint and redemption of FairPoint's debt. S&P subsequently withdrew all its ratings on FairPoint, including the 'B+' corporate credit rating. FARMER'S MECHANICAL: JPMorgan to Get $242.41 Per Month for 5 Yrs. ----------------------------------------------------------------- Farmer's Mechanical Services, Inc., filed with the U.S. Bankruptcy Court for the District of Arizona a revised disclosure statement dated June 26, 2017, referring to the Debtor's plan of reorganization dated April 10, 2017. Class III consists of the Allowed Secured Claim of JPMorgan Chase Bank, N.A., relating to its UCC Financing Statement filed on April 8, 2008, in connection with a business loan. The Class III Claim is secured by a lien against all of the Debtor's assets, which the Debtor asserts is valued at $13,162.39. The interest rate paid to the Allowed Class III Claim will be 4.0% per annum. The holder of the Class III Claim will be paid the full value of its Secured Claim in 60 monthly payments of $242.41 starting on the Effective Date. The deficiency of $36,837.61 will be paid as a Class IV(a) General Unsecured Claim. Class III is impaired. Any of Debtor's defaults under loan documents with Chase will be deemed cured as of the Effective Date and to the extent the loan documents provide for default resulting from the Debtor's bankruptcy filing, the default will not be enforceable. Notwithstanding any pre-bankruptcy agreements with Chase, the Debtor's statement of the value of the Class III Claim will be final unless Chase objects to the Debtor's value prior to the confirmation of the Plan. Unless otherwise specified herein or in an order entered by the Court, the holder of the Allowed Class III Claim will retain its existing perfected lien to secure the Debtor's obligations under the Plan. The Plan will be funded from Debtor's post-confirmation income and a New Value contribution from the Debtor's principal, Manuel Ozuna, in the amount of $2,000. Based upon the projections in the budget, the Debtor is confident that it can fulfill its obligations under the Plan. The Revised Disclosure Statement is available at: http://bankrupt.com/misc/azb16-11740-67.pdf As reported by the Troubled Company Reporter on April 18, 2017, the Debtor filed with the Court a disclosure statement dated April 10, 2017, referring to the Debtor's plan of reorganization dated April 10, 2017, which proposed that Class IV(a) unsecured claims be paid the sum of $12,000 over five years. About Farmer's Mechanical Farmer's Mechanical Services, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-11740) on Oct. 12, 2016. At the time of the filing, the Debtor estimated assets and liabilities of less than $100,000. Thomas H. Allen, Esq., and Philip J. Giles, Esq., at Allen Barnes & Jones, PLC, serve as the Debtor's bankruptcy counsel. FORD COOPER: July 13-20 Online Auction of Assets Approved --------------------------------------------------------- Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western District of North Carolina authorized the sale by A. Burton Shuford, Trustee for Ford S. and Ruby R. Cooper, of the Debtors' residential appliances, furniture, pool tables, light fixtures, fish tank and wall decor at an internet-only auction through Modern Brokerage, LLC. The sale will begin on July 13, 2017 at 8:00 a.m. and will end on July 20, 2017 at 3:00 p.m. The Auction Contract and the employment of Modern to conduct the sale as set out in the Motion are approved. Modern will conduct an advertising campaign. The estate will reimburse Modern for all out of pocket costs and expenses of said advertising and marketing campaign, for a total cost not to exceed $500, with said costs to be payable from the proceeds of the sale. Modern will receive a commission, payable from the proceeds of the sale, of 20% of the gross sales proceeds of the Assets. It will also receive a Buyer's Premium, payable by the Buyer, of 10% of the gross sales proceeds of the Assets. The sale will be free and clear of liens and interests with the liens and interests to attach to the proceeds of the sale. The Trustee will hold the net proceeds of the sale with said proceeds to be distributed in accordance with the Debtors' plan of reorganization. The Order will be immediately effective and the provisions of Bankruptcy Rule 6004(g) staying the order allowing the sale for 14 days will not apply to the transaction. Ford S. and Ruby R. Cooper filed a petition under Chapter 7 (Bankr. W.D. N.C. Case No. 15-30191) on Feb. 12, 2015. The case was subsequently converted to Chapter 11 on Oct. 1, 2015. A. Burton Shuford was appointed Trustee with limited powers in said Chapter 11 case on Dec. 17, 2015. Subsequently, on Sept. 16, 2016, the Court expanded the powers previously granted to the Trustee. GEEAA SPRINGDALE: Taps Goering & Goering as Legal Counsel --------------------------------------------------------- GEEAA Springdale, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Ohio to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Goering & Goering, LLC to, among other things, give legal advice regarding its duties under the Bankruptcy Code, and assist in the preparation of a plan of reorganization. The attorneys primarily responsible for the case and their hourly rates are: Eric Goering $350 Robert Alfred Goering $350 T. Martin Jennings $300 Robert Goering $500 Goering has received $12,500 for its pre-bankruptcy work, $1,717 for the filing fee, and a $37,500 retainer. Robert Goering, Esq., at Goering, disclosed in a court filing that his firm does not hold any interest adverse to the Debtor and its estate. The firm can be reached through: Robert A. Goering, Esq. Goering & Goering, LLC 220 West Third Street Cincinnati, OH 45202 Phone: (513) 621-0912 About GEEAA Springdale LLC GEEAA Springdale, LLC listed its business as a single asset real estate (as defined in 11 U.S.C. Section. 101(51B)) with principal assets are located in Cincinnati, Ohio. It has rights of redemption in 130.8349 acres of land located at 12110 Princeton Pike - parcel 599-10-314, with a current value of $4.25 million. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ohio Case No. 17-12461) on July 5, 2017. Matt Williams, managing member, signed the petition. At the time of the filing, the Debtor disclosed $4.25 million in assets and $5.76 million in liabilities. Judge Jeffery P. Hopkins presides over the case. GENERAL WIRELESS: Hilco Streambank to Sell IPv4 Addresses --------------------------------------------------------- Hilco Streambank, the operator of IPv4Auctions.com as well as a global IPv4 brokerage platform IPv4.global, on July 10 announced its exclusivity to offer RadioShack(R)'s internal and unused IPv4 addresses to the public market. In 2015, Hilco Streambank sold RadioShack Corporation's intellectual property, including trademarks, patents, customer databases, domains and IPv4 addresses to General Wireless IP Holdings LLC (GWIP), an affiliate of General Wireless Operations Inc. d/b/a RadioShack (the "Company"). In March 2017, the Company and some of its affiliates filed for bankruptcy protection and now Hilco Streambank is marketing the Company's IPv4 addresses separately from the other intangible assets. There are currently more than 32,000 addresses that will be listed in block sizes ranging from /24-/20 subnets available at http://www.IPv4Auctions.com The IPv4 assets associated with the Company have been pre-approved by the bankruptcy court for sale. Although IPv4 addresses remain a key component of growing networks, according to the American Registry for Internet Numbers (ARIN), the free pool of IPv4 addresses reached exhaustion as of September 2015, while other regions across the globe have nearly depleted their supply and are rationing their remaining addresses. Increasingly, organizations in need of IPv4 addresses are turning to private markets where brokerage firms have identified sellers among the thousands of address holders. IPv4Auctions.com is a leading transaction platform for managing these transactions. "Bankruptcies reveal the full breadth of a company's assets, including IP addresses that enable our increasingly connected digital world," says Gabe Fried, CEO of Hilco Streambank. "Hilco Streambank has a long history as a trusted advisor to companies divesting assets in bankruptcy and is uniquely positioned through our IPv4Auctions.com platform to monetize these addresses. Recovering value for creditors while helping to alleviate the scarcity in the IP address market is a win for everyone involved." IPv4Auctions.com provides an easy-to-use platform for companies to buy or sell IP address blocks of all sizes in all regions. The site also offers real-time market data, including going rates for IP addresses, comparable sale pricing and information on how to check and manage IPv4 address blocks more effectively. Hilco Streambank also is a leading intermediary for privately negotiated transactions of larger address blocks ranging from /16s to entire class A offerings. To learn more about IPv4Auctions.com, and how to buy, sell or acquire custom IPv4 addresses today, visit www.IPv4Auctions.com. Hilco Streambank -- http://www.hilcostreambank.com-- is an advisory firm specializing in intellectual property disposition and valuation. Hilco Streambank's IPv4Auctions.com platform is the market-leading broker for the purchase and sale of IPv4 addresses around the world. Sales are conducted through both privately negotiated transactions for larger blocks and our online platform for smaller blocks. Hilco Streambank is part of Northbrook, Illinois-based Hilco Global -- http://www.hilcoglobal.com-- a worldwide financial services company. About General Wireless Operations Based in Fort Worth, Texas, General Wireless Operations Inc., doing business as RadioShack -- http://www.RadioShack.com-- operates a chain of electronics stores. Its predecessor, RadioShack Corp., then with 4,000 locations, sought Chapter 11 protection (Bankr. D. Del. Case No. 15-10197) in February 2015 and announced plans to close underperforming stores. In March 2015, Standard General affiliate General Wireless won court approval to purchase RadioShack Corp.'s assets, gaining ownership of around 1,700 RadioShack locations. Two years later, General Wireless commenced its own bankruptcy case, announcing plans to close 200 of 1,300 remaining stores. General Wireless Operations Inc., and its affiliates based in Ft. Worth, TX, filed a Chapter 11 petition (Bankr. D. Del. Lead Case No. 17-10506) on March 8, 2017. The petition was signed by Bradford Tobin, SVP, general counsel. In its petition, the Debtor estimated $100 million to $500 million in both assets and liabilities. Pepper Hamilton LLP is serving as counsel to the Debtors, Jones Day as co-counsel, Prime Clerk, LLC as claims and noticing agent, Loughlin Management Partners & Company, Inc. GENESCO INC: S&P Affirms Then Withdraws BB Corp. Credit Rating -------------------------------------------------------------- S&P Global Ratings said it affirmed its 'BB' corporate credit rating on Nashville, Tenn.-based footwear retailer Genesco Inc. S&P subsequently withdrew the rating at the company's request. At the time of the withdrawal, the outlook was stable. GENON ENERGY: Hires Kirkland & Ellis as Attorneys ------------------------------------------------- GenOn Energy, Inc. seeks authority from the US Bankruptcy Court for the Southern District of Texas, Houston Division, to employ Kirkland & Ellis LLP and Kirkland & Ellis International LLP as their attorneys in connection with the chapter 11 cases, effective nunc pro tunc to June 14, 2017. Legal services Kirkland will render are: a. advise the Debtors with respect to their powers and duties as debtors in possession in the continued management and operation of their businesses and properties; b. advise and consult on the conduct of these chapter 11 cases, including all of the legal and administrative requirements of operating in chapter 11; c. attend meetings and negotiating with representatives of creditors and other parties in interest; d. take all necessary actions to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any action commenced against the Debtors, and representing the Debtors in negotiations concerning litigation in which the Debtors are involved, including objections to claims filed against the Debtors' estates; e. prepare pleadings in connection with these chapter 11 cases, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtors' estates; f. represent the Debtors in connection with obtaining authority to continue using cash collateral and postpetition financing; g. advise the Debtors in connection with any potential sale of assets; h. appear before the Court and any appellate courts to represent the interests of the Debtors' estates; i. advise the Debtors regarding tax matters; j. take any necessary action on behalf of the Debtors to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a chapter 11 plan and all documents related thereto; and k. perform all other necessary legal services for the Debtors in connection with the prosecution of these chapter 11 cases, including: (i) analyzing the Debtors' leases and contracts and the assumption and assignment or rejection thereof; (ii) analyzing the validity of liens against the Debtors; and (iii) advising the Debtors on corporate and litigation matters. Kirkland's current hourly rates are: Partners $930-$1,745 Of Counsel $555-$1,745 Associates $555-$1,015 Paraprofessionals $215-$420 David R. Seligman, P.C., a partner of the law firm of Kirkland & Ellis LLP, attests that Kirkland is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code, and does not hold or represent an interest adverse to the Debtors’ estates and Kirkland has no connection to the Debtors, their creditors, or other parties in interest, except as may be disclosed in this Declaration. In accordance with Appendix B-Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, David R. Seligman disclosed that: -- Kirkland and the Debtors have not agreed to any variations from, or alternatives to, Kirkland’s standard billing arrangements for this engagement; -- the hourly rates used by Kirkland in representing the Debtors are consistent with the rates that Kirkland charges other comparable chapter 11 clients, regardless of the location of the chapter 11 case; -- From June 23, 2016 to December 31, 2016, Kirkland’s hourly rates for services rendered on behalf of the Debtors ranged are: Billing Category U.S. Range Partners $875-$1,495 Of Counsel $625-$1,495 Associates $525-$945 Paraprofessionals $180-$400 Kirkland's current hourly rates for services rendered on behalf of the Debtors as of January 1, 2017, range are: Billing Category U.S. Range Partners $930-$1,745 Of Counsel $555-$1,745 Associates $555-$1,015 Paraprofessionals $215-$420 ; and -- the Committee has approved the budget and staffing plan for the first budgeted period from June 14, 2017 through September 30, 2017. The Firm can be reached through: David R. Seligman, P.C., Kirkland & Ellis LLP 300 North LaSalle Chicago, IL 60654 Phone: +1 312-862-2463 Fax: +1 312-862-2200 Email: david.seligman@kirkland.com About GenOn Energy GenOn Energy, Inc. is a wholesale power generation corporation with 15,394 megawatts in generating capacity, operating operate 32 powerplants in eight states. GenOn is subsidiary of NRG Energy Inc., which is a competitive power company that produces, sells and delivers energy and energy services, primarily in major competitive power markets in the U.S. GenOn is the product of two mergers since 2010. First, on December 3, 2010, two wholesale power generation companies -- RRI Energy, a company formerly known as Reliant Energy, and Mirant Corporation -- completed an all-stock, tax-free merger with Mirant becoming RRI's wholly-owned subsidiary. Following the merger, RRI took its current name: GenOn. Second, on December 14, 2012, NRG, through a wholly-owned subsidiary, and GenOn completed a stock-for-stock merger in a $6 billion deal, with GenOn continuing as the surviving company. NRG, as consideration for acquiring GenOn's entire equity, issued 0.1216 shares of NRG common stock for each outstanding share of GenOn. In structuring the merger, NRG "ring-fenced" GenOn's debt, leaving GenOn's creditors without recourse against NRG's assets in the event of GenOn's default. As of March 31, 2017, GenOn Energy had $4.81 billion in total assets, $4.51 billion in total liabilities and $304 million in total stockholders' equity. GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC ("GAG") and 60 of their directly and indirectly-owned subsidiaries commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex. Lead Case No. 17-33695) on June 14, 2017, to implement a restructuring plan negotiated with stakeholders prepetition. The Debtors' cases have been assigned to Judge David R. Jones. Kirkland & Ellis LLP is the Debtors' bankruptcy counsel. Zack A. Clement, PLLC, is the local counsel. Rothschild Inc. is the financial advisor and investment banker. McKinsey Recovery & Transformation Services U.S. is the restructuring advisor. Epiq Systems, Inc., is the claims and noticing agent. Special Counsel to the GAG Steering Committee is Quinn Emanuel Urquhart & Sullivan, LLP. The Steering Committee of GAG Noteholders is comprised of Benefit Street Partners LLC, Brigade Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus Alternative Asset Management LP, each on behalf of itself or certain affiliates, and/or accounts managed and/or advised by it or its affiliates. Counsel to the GenOn Steering Committee and the GAG Steering Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq., and Marc B. Roitman, Esq., at Ropes & Gray LLP. Counsel for NRG Energy, Inc. are C. Luckey McDowell, Esq., and Ian E. Roberts, Esq., at Baker Botts L.L.P. GENON ENERGY: Hires McKinsey RTS as Restructuring Advisors ---------------------------------------------------------- GenOn Energy, Inc. seeks authority from the US Bankruptcy Court for the Southern District of Texas, Houston Division, to employ McKinsey Recovery & Transformation Services, U.S., LLC as restructuring advisors for the Debtors in connection with the chapter 11 cases, effective nunc pro tunc to June 14, 2017. Professional services to be provided by McKinsey are: a. develop, monitor, and reforecast a short-term cash flow forecasting process and implement a cash management strategy; b. provide strategic advice and develop relevant analyses to support the overall restructuring process; c. in cooperation with the Debtors' officers, legal counsel, investment bankers and other engaged professionals and counsel, develop and prepare a chapter 11 plan of reorganization; d. assist the Debtors in managing the chapter 11 bankruptcy process, including managing outside stakeholders and their professionals & assisting the Debtors in developing financial reports and other materials that are required to be filed with the bankruptcy court; e. assist in development of supporting diligence materials and presentations for use in various stakeholder meetings, attend diligence sessions and working meetings with various stakeholders and constituents, and provide ad hoc support to the management team; f. assist with the evaluation of certain near term operational cost reduction and value enhancement opportunities (e.g., SG&A, fixed costs, and procurement); g. provide testimony and other litigation support as requested by the Debtors in connection with matters upon which McKinsey RTS US is providing services; and h. assist with all such other restructuring matters as may be requested by the Debtors and/or their boards of directors that fall within McKinsey RTS US's expertise and that are mutually agreed upon between the Parties. McKinsey RTS's fees are to be based on hours worked by McKinsey RTS personnel at the following hourly billing rates: Title of Professionals Hourly Rate Practice Leader $980-$1,100 Senior Vice President $720-$900 Vice President $620-$720 Senior Associate $515-$590 Associate $410-$490 Analyst $260-$360 Paraprofessional $230-$260 Kevin M. Carmody, Practice Leader in the professional services firm of McKinsey Recovery & Transformation Services U.S., LLC, attests that McKinsey RTS (a) does not have any connection with the Debtors or their affiliates, their creditors, or any other Potential Parties in Interest in these cases, other than as set forth herein, (b) is a "disinterested person," as that term is defined in section 101(14) of the Bankruptcy Code, (c) does not hold or represent any interest adverse to the Debtors' estates or any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in the Debtors, (d) is not and has not been a creditor, an equity security holder, or an insider of the Debtors, except that McKinsey RTS has previously rendered services to the Debtors for which it has been compensated, and (e) is not and has not been, within two years before the Petition Date, a director, officer or employee of the Debtors. The Firm can be reached through: Kevin M. Carmody McKinsey & Company 55 East 52nd Street New York, NY 10022 Tel: 212-446-7000 About GenOn Energy GenOn Energy, Inc. is a wholesale power generation corporation with 15,394 megawatts in generating capacity, operating operate 32 powerplants in eight states. GenOn is subsidiary of NRG Energy Inc., which is a competitive power company that produces, sells anddelivers energy and energy services, primarily in major competitive power markets in the U.S. GenOn is the product of two mergers since 2010. First, on December 3, 2010, two wholesale power generation companies -- RRI Energy, a company formerly known as Reliant Energy, and Mirant Corporation -- completed an all-stock, tax-free merger with Mirant becoming RRI's wholly-owned subsidiary. Following the merger, RRI took its current name: GenOn. Second, on December 14, 2012, NRG, through a wholly-owned subsidiary, and GenOn completed a stock-for-stock merger in a $6 billion deal, with GenOn continuing as the surviving company. NRG, as consideration for acquiring GenOn's entire equity, issued 0.1216 shares of NRG common stock for each outstanding share of GenOn. In structuring the merger, NRG "ring-fenced" GenOn's debt, leaving GenOn's creditors without recourse against NRG's assets in the event of GenOn's default. As of March 31, 2017, GenOn Energy had $4.81 billion in total assets, $4.51 billion in total liabilities and $304 million in total stockholders' equity. GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC ("GAG") and 60 of their directly and indirectly-owned subsidiaries commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex. Lead Case No. 17-33695) on June 14, 2017, to implement a restructuring plan negotiated with stakeholders prepetition. The Debtors' cases have been assigned to Judge David R. Jones. Kirkland & Ellis LLP is the Debtors' bankruptcy counsel. Zack A. Clement, PLLC, is the local counsel. Rothschild Inc. is the financial advisor and investment banker. McKinsey Recovery & Transformation Services U.S. is the restructuring advisor. Epiq Systems, Inc., is the claims and noticing agent. Special Counsel to the GAG Steering Committee is Quinn Emanuel Urquhart & Sullivan, LLP. The Steering Committee of GAG Noteholders is comprised of Benefit Street Partners LLC, Brigade Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus Alternative Asset Management LP, each on behalf of itself or certain affiliates, and/or accounts managed and/or advised by it or its affiliates. Counsel to the GenOn Steering Committee and the GAG Steering Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq., and Marc B. Roitman, Esq., at Ropes & Gray LLP. Counsel for NRG Energy, Inc. are C. Luckey McDowell, Esq., and Ian E. Roberts, Esq., at Baker Botts L.L.P. GENON ENERGY: Hires PricewaterhouseCoopers as Tax Consultants ------------------------------------------------------------- GenOn Energy, Inc. seeks authority from the US Bankruptcy Court for the Southern District of Texas, Houston Division, to employ PricewaterhouseCoopers LLP as tax consultants for the Debtors in connection with the chapter 11 cases, effective nunc pro tunc to June 14, 2017. Professional services to be rendered by PwC are: a. gain an understanding of the legal and tax organizational structure of the Debtors; b. review tax information pertaining to the Debtors to estimate available tax attributes (e.g., net operating losses) and estimated inside asset tax basis; c. analyze the U.S. federal income tax consequences of the restructuring options under consideration by the Debtors, including the treatment and consequences of any cancellation of indebtedness income (CODI); d. evaluate tax attributes available following tax attribute reduction for CODI and applicable limitations upon the future utilization of such tax attributes; e. advise on tax implications to the Debtors of any worthless stock deduction to be claimed with respect to the Debtors' stock by NRG Energy, Inc.; f. perform tax related modeling with regard to restructuring transactions, including in respect of: i. the estimated reduction of the Debtors' tax attributes and inside asset tax basis as a result of CODI and the Worthless Stock Deduction; ii. limitations on future utilization of the Debtors' tax attributes; iii. income tax consequences related to potential asset dispositions; and iv. prospective effective cash taxes after emergence from bankruptcy; g. read transaction documentation and provide tax related comments; h. discuss tax analysis and advice with the Debtors' restructuring and tax counsel; and i. provide other income and non-income tax advice related to restructuring transactions, as requested by the Debtors and their advisors. PwC will be paid at the agreed hourly billings rates: Personnel Classification Hourly Billing Rate Partner $1,210 Managing Director $970 Manager $844 Senior Associate $655 Associate $506 Mitchel R. Aeder, Principal at PricewaterhouseCoopers LLP, attests that his firm is a "disinterested person," as defined in section 101(14) of the Bankruptcy Code and as required by section 327(a) of the Bankruptcy Code. The Firm can be reached through: Mitchel R. Aeder PricewaterhouseCoopers LLP 300 Madison Avenue, 24th Floor New York, NY 10017 Phones: (646) 471-2902 Fax: (813) 286-6000 About GenOn Energy GenOn Energy, Inc. is a wholesale power generation corporation with 15,394 megawatts in generating capacity, operating operate 32 power plants in eight states. GenOn is subsidiary of NRG Energy Inc., which is a competitive power company that produces, sells and delivers energy and energy services, primarily in major competitivebpower markets in the U.S. GenOn is the product of two mergers since 2010. First, on December 3, 2010, two wholesale power generation companies -- RRI Energy, a company formerly known as Reliant Energy, and Mirant Corporation -- completed an all-stock, tax-free merger with Mirant becoming RRI's wholly-owned subsidiary. Following the merger, RRI took its current name: GenOn. Second, on December 14, 2012, NRG, through a wholly-owned subsidiary, and GenOn completed a stock-for-stock merger in a $6 billion deal, with GenOn continuing as the surviving company. NRG, as consideration for acquiring GenOn's entire equity, issued 0.1216 shares of NRG common stock for each outstanding share of GenOn. In structuring the merger, NRG "ring-fenced" GenOn's debt, leaving GenOn's creditors without recourse against NRG's assets in the event of GenOn's default. As of March 31, 2017, GenOn Energy had $4.81 billion in total assets, $4.51 billion in total liabilities and $304 million in total stockholders' equity. GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC ("GAG") and 60 of their directly and indirectly-owned subsidiaries commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex. Lead Case No. 17-33695) on June 14, 2017, to implement a restructuring plan negotiated with stakeholders prepetition. The Debtors' cases have been assigned to Judge David R. Jones. Kirkland & Ellis LLP is the Debtors' bankruptcy counsel. Zack A. Clement, PLLC, is the local counsel. Rothschild Inc. is the financial advisor and investment banker. McKinsey Recovery & Transformation Services U.S. is the restructuring advisor. Epiq Systems, Inc., is the claims and noticing agent. Special Counsel to the GAG Steering Committee is Quinn Emanuel Urquhart & Sullivan, LLP. The Steering Committee of GAG Noteholders is comprised of Benefit Street Partners LLC, Brigade Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus Alternative Asset Management LP, each on behalf of itself or certain affiliates, and/or accounts managed and/or advised by it or its affiliates. Counsel to the GenOn Steering Committee and the GAG Steering Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq., and Marc B. Roitman, Esq., at Ropes & Gray LLP. Counsel for NRG Energy, Inc. are C. Luckey McDowell, Esq., and Ian E. Roberts, Esq., at Baker Botts L.L.P. GENON ENERGY: Hires Rothschild as Investment Banker --------------------------------------------------- GenOn Energy, Inc. seeks authority from the US Bankruptcy Court for the Southern District of Texas, Houston Division, to employ Rothschild Inc. as investment banker in connection with the chapter 11 cases, effective nunc pro tunc to June 14, 2017. Services Rothschild has agreed to provide are: (a) identify and/or initiate potential Transactions; (b) review and analyze the Debtors' assets and the operating and financial strategies of the Debtors; (c) review and analyze the business plans and financial projections prepared by the Debtors including, but not limited to, testing assumptions and comparing those assumptions to historical Debtor and industry trends; (d) evaluate the Debtors' debt capacity in light of its projected cash flows and assist in the determination of an appropriate capital structure for the Debtors; (e) assist the Debtors and their other professionals in reviewing the terms of any proposed Transaction, in responding thereto and, if directed, in evaluating alternative proposals for a Transaction; (f) determine a range of values for the Debtors and any securities that the Debtors offer or propose to offer in connection with a Transaction; (g) advise the Debtors on the risks and benefits of considering a Transaction with respect to the Debtors' intermediate and long-term business prospects and strategic alternatives to maximize the business enterprise value of the Debtors; (h) review and analyze any proposals the Debtors receive from third parties in connection with a Transaction, including, without limitation, any proposals for debtor-in-possession financing, as appropriate; (i) assist the Debtors in the raising of new debt and/or equity capital; (j) assist or participate in negotiations with the parties in interest, including, without limitation, any current or prospective creditors of, holders of equity in, or claimants against the Debtors and/or their respective representatives in connection with a Transaction; (k) advise the Debtors with respect to, and attend, meetings of the Debtors' Board of Directors, creditor groups, official constituencies and other interested parties, as necessary; (l) participate in hearings before the Court and provide relevant testimony with respect to the matters described in the Engagement Letter and issues arising in connection with any proposed plan; and (m) render (but only to the extent permitted by further orders of the Court) such other financial advisory and investment banking services as may be agreed upon by Rothschild and the Debtors. Rothschild the proposed compensation set forth in the "Fee and Expense Structure": (a) Monthly Fee: $250,000 per month. (b) Completion Fee: $11,000,000 payable upon the closing of a Transaction. (c) New Capital Fee: A fee in connection with any non-affiliate transactions, other than a Public Debt Offering, equal to: (i) 1.0% of the face amount of any senior secured debt raised including, without limitation, any debtor-in-possession financing raised; (ii) 3.0% of the face amount of any junior secured or senior or subordinated unsecured debt raised; and (iii) 5.0% of any equity capital, preferred equity capital, capital convertible into equity or hybrid capital raised, including, without limitation, equity underlying any warrants, purchase rights, or similar contingent equity securities. The New Capital Fee shall be payable upon the closing of the transaction by which the new capital is committed. For the avoidance of doubt, the term "raised" means the amount of new funds committed or otherwise made available to the Debtors whether or not such amount (or any portion thereof) is drawn down at closing or is ever drawn down and whether or not such amount (or any portion thereof) is used to refinance existing obligations of the Debtors. For the further avoidance of doubt, the New Capital Fee relating to any warrants, purchase rights, or similar contingent equity securities shall be due and payable upon the closing of the transaction by which such instruments are issued and shall be calculated as if all such instruments are exercised in full (and the full cash exercise price is paid) on the date of such closing, whether or not all or any portion of such instruments are vested and whether or not such instruments are actually so exercised. (d) Credit: Rothschild shall credit against its Completion Fee 40% percent of Rothschid's Monthly Fees paid in excess of $1,000,000; provided, that the Monthly Fee Credit shall not exceed the Completion Fee. (e) Expenses: The Debtors shall reimburse Rothschild for its reasonable and documented out-of- pocket expenses incurred in connection with the performance under the Engagement Letter and the enforcement thereof, including, without limitation, the reasonable fees, disbursements, and other charges of Rothschild’s counsel (without the requirement that the retention of such counsel be approved by the Court). Reasonable expenses shall include, but not be limited to, expenses incurred in connection with travel and lodging, data processing and communication charges, research, and courier services. Todd Snyder, Executive Vice Chairman and Co-Chair of the North American Debt Advisory and Restructuring Group of the investment banking firm Rothschild Inc., attests that none of Rothschild, nor any employee of Rothschild who will work on the engagement holds or represents any interest adverse to the Debtors or their estates, and Rothschild is a "disinterested person" as that term is defined in Bankruptcy Code section 101(14). The Firm can be reached through: Todd Snyder ROTHSCHILD INC 1251 Avenue Of The Americas New York, NY 10020 Phone: 212-403-3500 Fax: 212-403-3501 About GenOn Energy GenOn Energy, Inc. is a wholesale power generation corporation with 15,394 megawatts in generating capacity, operating operate 32 powerplants in eight states. GenOn is subsidiary of NRG Energy Inc., which is a competitive power company that produces, sells and delivers energy and energy services, primarily in major competitive power markets in the U.S. GenOn is the product of two mergers since 2010. First, on December 3, 2010, two wholesale power generation companies -- RRI Energy, a company formerly known as Reliant Energy, and Mirant Corporation -- completed an all-stock, tax-free merger with Mirant becoming RRI's wholly-owned subsidiary. Following the merger, RRI took its current name: GenOn. Second, on December 14, 2012, NRG, through a wholly-owned subsidiary, and GenOn completed a stock-for-stock merger in a $6 billion deal, with GenOn continuing as the surviving company. NRG, as consideration for acquiring GenOn's entire equity, issued 0.1216 shares of NRG common stock for each outstanding share of GenOn. In structuring the merger, NRG "ring-fenced" GenOn's debt, leaving GenOn's creditors without recourse against NRG's assets in the event of GenOn's default. As of March 31, 2017, GenOn Energy had $4.81 billion in total assets, $4.51 billion in total liabilities and $304 million in total stockholders' equity. GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC ("GAG") and 60 of their directly and indirectly-owned subsidiaries commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex. Lead Case No. 17-33695) on June 14, 2017, to implement a restructuring plan negotiated with stakeholders prepetition. The Debtors' cases have been assigned to Judge David R. Jones. Kirkland & Ellis LLP is the Debtors' bankruptcy counsel. Zack A. Clement, PLLC, is the local counsel. Rothschild Inc. is the financial advisor and investment banker. McKinsey Recovery & Transformation Services U.S. is the restructuring advisor. Epiq Systems, Inc., is the claims and noticing agent. Special Counsel to the GAG Steering Committee is Quinn Emanuel Urquhart & Sullivan, LLP. The Steering Committee of GAG Noteholders is comprised of Benefit Street Partners LLC, Brigade Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus Alternative Asset Management LP, each on behalf of itself or certain affiliates, and/or accounts managed and/or advised by it or its affiliates. Counsel to the GenOn Steering Committee and the GAG Steering Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq., and Marc B. Roitman, Esq., at Ropes & Gray LLP. Counsel for NRG Energy, Inc. are C. Luckey McDowell, Esq., and Ian E. Roberts, Esq., at Baker Botts L.L.P. GENON ENERGY: Hires Zack A. Clement as Local Counsel ---------------------------------------------------- GenOn Energy, Inc. seeks authority from the US Bankruptcy Court for the Southern District of Texas, Houston Division, to employ Zack A. Clement PLLC as local counsel for the Debtors in connection with the chapter 11 cases, effective nunc pro tunc to June 14, 2017 to assist the Debtors' primary restructuring counsel, Kirkland & Ellis LLP, in connection with the prosecution of these chapter 11 cases. The Firm's current hourly rates for Zack A. Clement for matters related to these chapter 11 cases is $600 per hour. The Debtors paid $25,000 to the Firm, which, as stated in the Engagement Letter, constituted a retainer for anticipated fees. Zack A. Clement, president of Zack A. Clement PLLC, attests that the Firm is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code, and does not hold or represent an interest adverse to the Debtors' estates and the Firm has no connection to the Debtors, their creditors, or other parties in interest, except as may be disclosed in this Declaration. In accordance with Appendix B-Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Zack A. Clement disclosed that: -- it has not agreed to any variations from, or alternatives to, its standard or customary billing arrangements for this engagement; -- the hourly rates used by the Firm in representing the Debtors are consistent with the rates that the Firm charges other comparable chapter 11 clients, regardless of the location of the chapter 11 case; -- the Firm represented the Debtors during the one-month period before the Petition Date, using the hourly rates listed above; and -- the Committee has approved the budget and staffing plan for the first budgeted period from June 14, 2017, through September 30, 2017. The Firm can be reached through: Zack A. Clement, Esq. Zack A. Clement PLLC 3753 Drummond Street Houston, TX 77025 Phone: 832-274-7629 Email: zack.clement@icloud.com About GenOn Energy GenOn Energy, Inc. is a wholesale power generation corporation with 15,394 megawatts in generating capacity, operating operate 32 powerplants in eight states. GenOn is subsidiary of NRG Energy Inc., which is a competitive power company that produces, sells and delivers energy and energy services, primarily in major competitive power markets in the U.S. GenOn is the product of two mergers since 2010. First, on December 3, 2010, two wholesale power generation companies -- RRI Energy, a company formerly known as Reliant Energy, and Mirant Corporation -- completed an all-stock, tax-free merger with Mirant becoming RRI's wholly-owned subsidiary. Following the merger, RRI took its current name: GenOn. Second, on December 14, 2012, NRG, through a wholly-owned subsidiary, and GenOn completed a stock-for-stock merger in a $6 billion deal, with GenOn continuing as the surviving company. NRG, as consideration for acquiring GenOn's entire equity, issued 0.1216 shares of NRG common stock for each outstanding share of GenOn. In structuring the merger, NRG "ring-fenced" GenOn's debt, leaving GenOn's creditors without recourse against NRG's assets in the event of GenOn's default. As of March 31, 2017, GenOn Energy had $4.81 billion in total assets, $4.51 billion in total liabilities and $304 million in total stockholders' equity. GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC ("GAG") and 60 of their directly and indirectly-owned subsidiaries commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex. Lead Case No. 17-33695) on June 14, 2017, to implement a restructuring plan negotiated with stakeholders prepetition. The Debtors' cases have been assigned to Judge David R. Jones. Kirkland & Ellis LLP is the Debtors' bankruptcy counsel. Zack A. Clement, PLLC, is the local counsel. Rothschild Inc. is the financial advisor and investment banker. McKinsey Recovery & Transformation Services U.S. is the restructuring advisor. Epiq Systems, Inc., is the claims and noticing agent. Special Counsel to the GAG Steering Committee is Quinn Emanuel Urquhart & Sullivan, LLP. The Steering Committee of GAG Noteholders is comprised of Benefit Street Partners LLC, Brigade Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus Alternative Asset Management LP, each on behalf of itself or certain affiliates, and/or accounts managed and/or advised by it or its affiliates. Counsel to the GenOn Steering Committee and the GAG Steering Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq., and Marc B. Roitman, Esq., at Ropes & Gray LLP. Counsel for NRG Energy, Inc. are C. Luckey McDowell, Esq., and Ian E. Roberts, Esq., at Baker Botts L.L.P. GLEACHER & CO: To Make Fifth Liquidating Distribution ----------------------------------------------------- Gleacher & Company, Inc. on July 7 disclosed that its Board of Directors has determined to make a fifth liquidating distribution to Company stockholders in the amount of $0.80 per share of the Company's common stock (approximately $4.95 million in the aggregate). The record date for this distribution is July 18, 2017. The Company anticipates that the payment date will be on or about July 26, 2017. Total liquidating distributions, including this fifth distribution, since the filing of the Company's Certificate of Dissolution in July 2014 amount to $11.17 per share of the Company's common stock (approximately $69.1 million in the aggregate). The Company intends to continue to monitor its assets and liabilities and to make further liquidating distributions when advisable and consistent with its legal obligations. Given the ongoing nature of this process, the Company has made no determinations with respect to any schedule for future liquidating distributions. The amounts distributed to stockholders may be affected by many factors, including the resolution of outstanding known claims and obligations of the Company, the incurrence of unexpected or greater-than-expected losses with respect to contingent liabilities, the assertion of claims that are currently unknown to the Company, the Company's realizations on selling or otherwise monetizing the Company's remaining FATV interests and its other non-cash assets, the need to dissolve and wind up each of the Company's subsidiaries, and costs incurred to wind up our business. As a result of these and other factors, stockholders may receive substantially less than anticipated. Under certain circumstances, stockholders may be required to return liquidating distributions and receive nothing from the Company in the dissolution and liquidation. The Company also announced that it has determined to seek from the Delaware Chancery Court an extension of the period during which the Company may wind up its affairs under Delaware General Corporation Law, which currently expires on July 28, 2017, through December 31, 2018. The Company believes such time period will provide sufficient time to complete the wind up of the Company's affairs, which includes the monetization of the Company's remaining interests in FATV. Such extension is subject to and conditional upon the approval of the Delaware Chancery Court, and there can be no assurance that such approval will be granted. The actual wind up period for the Company may be shorter or longer than requested and, if additional time is needed to complete the wind up of the Company's affairs, the Company would need to seek an additional extension. About Gleacher & Company Gleacher & Company, Inc. (OTC Pink: GLCH) is a dissolved corporation under the laws of the State of Delaware. GOING VENTURES: Hearing on Disclosures Set for Aug. 2 ----------------------------------------------------- The Hon. Laurel M. Isicoff of the U.S. Bankruptcy Court for the Southern District of Florida has scheduled for Aug. 2, 2017, at 3:00 p.m., a hearing to consider the approval of Going Ventures, LLC's disclosure statement dated June 22, 2017, referring to the Debtor's plan of reorganization dated June 22, 2017. Objections to the Disclosure Statement must be filed by July 26, 2017. About Going Ventures LLC Going Ventures LLC, which operates under the name Going Aire LLC, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-12747) on March 7, 2017. Carl Bradley Copeland, manager, signed the petition. Judge Laurel M. Isicoff is the case judge. The Debtor is represented by David R. Softness, Esq., of David R. Softness, P.A. At the time of filing, the Debtor had total assets of $72,900 and total liabilities of $1.01 million. No trustee, examiner or statutory committee has been appointed in the Debtor's Chapter 11 case. GONZO PACIFIC: Proposes to Pay 2% Commission to Maui Lifestyle -------------------------------------------------------------- Gonzo Pacific, LLC has filed with the U.S. Bankruptcy Court for the District of Hawaii an amended application seeking approval to pay Maui Lifestyle Realty a commission of 2% for the sale of its property. The Debtor had initially proposed to pay the firm a 6% commission to be split with the buyer's agent. The Debtor tapped the firm as its real estate broker in connection with the sale of its property located at 138 Aliiolani Street, Pukalani, Hawaii. About Gonzo Pacific Gonzo Pacific, LLC, based in Honolulu, Hawaii, filed a Chapter 11 petition (Bankr. D. Hawaii Case No. 17-00506) on May 23, 2017. Ramon J. Ferrer, Esq. at the Law Office of Ramon J . Ferrer, serves as bankruptcy counsel. The Debtor listed under $1 million in both assets and liabilities. GRANDPARENTS.COM INC: Plan Earmarks $50,000 for Unsecured Claims ---------------------------------------------------------------- BankruptcyData.com reported that Grandparents.com Inc. filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, "This is a liquidating Plan pursuant to which the Debtors' pre- and post-Petition Date Lender has funded a liquidating trust with a cash contribution of $200,000 for general operations, plus an additional $50,000 specifically earmarked for distribution to Class 3 General Unsecured Claims (i.e., the Plan Fund). Administrative and Priority Claims will be paid in full under this Plan, such that payment of the Plan Fund will not affect payment of those claims. In addition, the Lender has agreed to release its lien against all Litigation Claims, including, but not limited to, claims of the Bankruptcy Estates against current and/or former directors and officers of the Debtors and proceeds recovered in connection therewith on the Effective Date of this Plan. Finally, the Lender has agreed to (i) allocate $50,000 of Lender's Initial Share of Litigation Claims Proceeds for distribution to holders of Allowed Class 5 Equity Interests and Other Subordinated Claims, (ii) subordinate its rights to distributions under Class 5 until all Allowed Class 5 Claims are paid in full, and (iii) subordinate $1 Million of its Class 4 Lender Unsecured Subordinated Deficiency Claim to Class 5 treatment if distributions to Class 4 total $7,888,538.93. Class 1 consists of the Lender Secured Claim. The Secured Claim of the Lender in the Allowed amount of $9,188,537.96, which is an aggregate of all amounts due Lender under the DIP Loan Documents ($1,360,916), plus all amounts due under the Prepetition Loan Documents ($9,827,621.96), minus $2,000,000 (the amount of Lender's credit bid for substantially all of the Debtors' assets) and is secured by the net proceeds recovered in connection with the non-Chapter 5 Litigation Claims and the remaining Trust Assets (collectively, the 'Lender Collateral')." About Grandparents.com, Inc. New York-based Grandparents.com, Inc., together with its consolidated subsidiaries, is a family-oriented social media company that through its Web site, http://www.grandparents.com/, serves the age 50+ demographic market. The website offers activities, discussion groups, expert advice and newsletters that enrich the lives of grandparents by providing tools to foster connections among grandparents, parents, and grandchildren. Granparents.com, Inc., and Grand Cards LLC filed separate Chapter 11 petitions (Bankr. S.D. Fla. Case Nos. 17-14711 and 17-14704, respectively) on April 14, 2017. The petitions were signed by Joshua Rizack, chief restructuring officer, The Rising Group Consulting, Inc. The Hon. Laurel M. Isicoff presides over the cases. The Debtors listed combined assets of $1 million and combined liabilities of $24.9 million. The Debtors are represented by Steven R. Wirth, Esq., and Eyal Berger, Esq., at Akerman LLP. They have also tapped Genovese Joblove & Battista, P.A. as special litigation counsel and conflicts counsel, and EisnerAmper LLP as accountants and financial advisor. GROVE PLAZA: Unsecureds to Recoup 51.4% Under Plan -------------------------------------------------- Grove Plaza Partners, LLC, filed with the U.S. Bankruptcy Court for the Northern District of California a modified combined plan of reorganization and disclosure statement dated June 26, 2017. Creditors in Class 2(a) General Unsecured Claims will share the sum of $211,099.77. Distributions will be made within 30 calendar days of the Debtor's receipt of funds from Canejo Riverside Group, LLC. The Debtor negotiated certain reduced distributions to the largest general unsecured creditors in order to facilitate settlement and may negotiate with additional creditors to accept voluntary reductions. The Debtor estimates that most creditors in this class will receive 51.4% of their allowed claim. Claims in this class will be paid without interest. Creditors in this class may not take any collection action against Debtor so long as Debtor is not in material default under the Plan. This class is impaired and is entitled to vote on confirmation of the Plan. Payments under this Plan will be funded from the proceeds of the sale of real property. The Debtor is the owner of seven of the thirteen parcels of real property comprising the Grove Plaza shopping center located at 1151-1161 Walnut Street and 2404-2540 S. Grove Avenue (2522 South Grove Avenue) in Ontario, California 91761 (APN Nos. 1051-321-51-0-000, 1051-171-44, 1051-321-51, 1051-171-42, 1051-321-63, 1051-321-52, 1051-321-52 and 1051-321-52). Consistent with that certain settlement agreement between Debtor and Cantor Group II, LLC, Debtor will sell all of its real property to Canejo Riverside Group, LLC, for the sum of $1,550,000 plus either (i) $1,450,000 in the event Canejo subsequently sells the properties for an aggregate cash consideration of $20,000,000, or (ii) $500,000 in the event Canejo subsequently sells the properties for an aggregate cash consideration of between $19,000,000 and $20,000,000. Each sale will be free and clear of the secured claims of creditors except Cantor. The Debtor's operating expenses, including management fees, will be paid from rents, with the balance reserved in the Debtor's operating account. In the event that the proceeds of sales of real property are not sufficient to pay any allowed claim in full, and the Debtor's operations have terminated, then the Debtor will use its remaining cash to pay claims in this order: Class 1 claims first, administrative priority claims second, post-confirmation debts and professional fees third, Class 2(a) claims fourth and Class 2(b) claims last. The Modified Combined Plan of Reorganization and Disclosure Statement is available at: http://bankrupt.com/misc/canb16-30531-306.pdf As reported by the Troubled Company Reporter on Feb. 2, 2017, the Debtor filed with the Court a combined plan of reorganization and disclosure statement dated Jan. 24, 2017, which proposed that holders of Class 2(a) general unsecured claims – totaling $508,009.83 -- receive a pro-rata share of net proceeds generated by the Debtor's sales of real property promptly after the close of escrow after each sale, provided that all Class 1 claims are paid (or paid and reserved for) in full. The Debtor estimated that creditors in this class would receive 100% of their claims if the real property is sold for an aggregate value of between $16.5 million to $23.7 million and between 10.58% and 100% if sold for $15.5 million. The minimum aggregate sale price under this Plan is $15.5 million. For the purposes of illustration, a sale for $14 million would likely result in no distribution to creditors in this class. About Grove Plaza Partners Headquartered in Redwood Shores, Cal., Grove Plaza Partners, LLC, filed for Chapter 11 bankruptcy protection (Bankr. N.D. Cal. Case No. 16-30531) on May 13, 2016, estimating assets and liabilities between $10 million and $50 million. The petition was signed by George A. Arce, Jr., manager. The case is assigned to Judge Dennis Montali. Reno F.R. Fernandez, Esq., and Matthew J. Olson, Esq., at MacDonald Fernandez LLP, serve as the Debtor's bankruptcy counsel. GYMBOREE CORP: Hires Lazard Freres as Investment Banker ------------------------------------------------------- Gymboree Corporation seeks authority from the US Bankruptcy Court for the Eastern District of Virginia, Richmond Division to employ Lazard Freres & Co. LLC as their investment banker. Services to be rendered by Lazard are: (a) review and analyze the Company's business, operations and financial projections; (b) evaluate the Company's potential debt capacity in light of its projected cash flows; (c) assist in the determination of a capital structure for the Company; (d) assist in the determination of a range of values for the Company on a going concern basis; (e) advise the Company on tactics and strategies for negotiating with the Stakeholders; (f) render financial advice to the Company and participating in meetings or negotiations with the Stakeholders or other appropriate parties in connection with any Restructuring; (g) advise the Company on the timing, nature, and terms of new securities, other consideration or other inducements to be offered by the Company pursuant to any Restructuring; (h) advise and assist the Company in evaluating any potential Financing transaction by the Company, and, subject to Lazard's agreement so to act, and if requested by Lazard, to execution of appropriate agreements, on behalf of the Company, contacting potential sources of capital as the Company may designate and assisting the Company in implementing such Financing; (i) assist the Company in preparing documentation within Lazard's area of expertise that is required in connection with any Restructuring; (j) assist the Company in identifying and evaluating candidates for any potential sale transaction, advising the Company in connection with negotiations and aiding in the consummation of any sale transaction; (k) attend meetings of the Board of Directors of The Gymboree Corporation with respect to matters on which Lazard has been engaged to advise under the Engagement Agreement; (l) provide testimony, as necessary, with respect to matters on which Lazard has been engaged to advise under the Engagement Agreement in any proceeding before the Bankruptcy Court; and (m) providing the Company with other financial restructuring advice. Lazard's Fee and Expense Structure are: (a) Monthly Fee. A monthly fee of $125,000, payable on the 23rd day of each month until the earlier of the completion of the Restructuring or the termination of Lazard's engagement. Fifty percent (50%) of all Monthly Fees paid after the first four Monthly Fees after signing of the Engagement Agreement shall be credited, without duplication, against any Restructuring Fee subsequently payable to Lazard. (b) Restructuring Fee. A fee payable upon the consummation of a Restructuring equal to $5,750,000. (c) Financing Fee. If the Debtors consummate a Financing with respect to which Lazard contacted potential Financing sources on behalf of the Company, a fee, equal to the total gross proceeds provided for in such Financing (including all amounts committed under credit lines or other indebtedness, even if undrawn at closing) multiplied by 1.0%; provided, however, that no Financing Fee shall be payable to Lazard on account of any Financing for the Debtors in which substantially all lenders and the agent of a DIP financing facility approved by the Bankruptcy Court roll into an exit financing facility. The Financing Fee will be payable upon consummation of the Financing. Fifty percent (50%) of any Financing Fees paid to Lazard shall be credited (without duplication) against any Restructuring Fee subsequently payable under the Engagement Agreement. (d) Expenses. The Debtors shall promptly reimburse Lazard for all reasonable out-of-pocket expenses incurred by Lazard and the reasonable fees and out-of-pocket expenses of counsel, if any, retained by Lazard. David S. Kurtz attests that Lazard: (a) has no connection with the Debtors, their known creditors, equity security holders or other parties in interest or their respective attorneys or accountants, the United States Trustee for the Eastern District of Virginia, or any person employed in the office of the U.S. Trustee in any matter related to the Debtors and their estates; (b) does not hold any interest adverse to the Debtors' estates; and (c) believes that it is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code. The Firm can be reached through: David S. Kurtz Lazard Freres & Co. LLC 300 North LaSalle Street Chicago IL 60654 Tel: +1 312 928 0760 About The Gymboree Corp. The Gymboree Corporation is a children's apparel retailer in North America, with 1,291 retail stores as of Jan. 28, 2017 operating under three brands: Gymboree; Janie & Jack (a higher-end offering launched in 2002); and Crazy 8 (a value-oriented line launched in 2007). The Company operates online stores at http://www.gymboree.com/, http://www.janieandjack.com/and http://www.crazy8.com/ In October 2010, Gymboree was acquired by Bain Capital Private Equity, LP and certain of its affiliated investment funds or investment vehicles managed or advised by it -- Sponsor -- for approximately $1.8 billion. The Gymboree Corp. and seven affiliates each filed a Chapter 11 voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on June 11, 2017. James A. Mesterharm, chief restructuring officer, signed the petitions. The cases are pending before the Honorable Keith L. Phillips. Gymboree had $755.5 million in assets and $1.36 billion in total liabilities as of March 14, 2017. Kirkland & Ellis LLP, is the Debtors' bankruptcy counsel. Kutak Rock LLP is the Debtors' local bankruptcy counsel. Munger, Tolles & Olson LLP is the Debtors' special counsel. Lazard Freres & Co. LLC is the investment banker. AlixPartners, LLP is the restructuring advisor. Prime Clerk LLC is the claims agent. Counsel to the Term Loan Agent and the DIP Term Loan Agent are Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP. Rothschild & Co. also serves as advisor to the Term Loan Agent. Bain Capital Partners is represented by Weil Gotshal & Manges LLP. Counsel to the DIP ABL Administrative Agent are Morgan, Lewis & Bockius LLP; and Hunton & Williams LLP. Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP; and Whiteford Taylor Preston, LLP. The indenture trustee for the Debtors' senior unsecured notes is Deutsche Bank Trust Company Americas. Counsel to the ad hoc group of senior unsecured noteholders is Akin Gump Strauss Hauer & Feld LLP. On June 16, 2017, the Debtors filed a joint Chapter 11 plan of reorganization and disclosure statement. On June 22, 2017, the U.S. Trustee for Region 4 appointed an official committee of unsecured creditors. The committee hired Hahn & Hessen LLP as its bankruptcy counsel. GYMBOREE CORP: Taps Prime Clerk as Administrative Advisor --------------------------------------------------------- Gymboree Corporation seeks authority from the US Bankruptcy Court for the Eastern District of Virginia, Richmond Division to employ Prime Clerk LLC as administrative advisor. Services to be rendered by Prime Clerk are: (a) assist with, among other things, solicitation, balloting and tabulation of votes, and prepare any related reports, as required in support of confirmation of a chapter 11 plan, and in connection with such services, process requests for documents from parties in interest, including, if applicable, brokerage firms, bank back-offices and institutional holders; (b) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (c) assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (d) provide a confidential data room, if requested; (e) manage and coordinate any distributions pursuant to a chapter 11 plan; and (f) provide such other processing, solicitation, balloting and other administrative services described in the Engagement Agreement, but not included in the Section 156(c) Application, as may be requested from time to time by the Debtors, the Court or the Office of the Clerk of the Bankruptcy Court. Prime Clerk's Rate Structure: Analyst $30-$50/hour Technology Consultant $35-$95/hour Consultant/Senior Consultant $65-$160/hour Director $170/$195/hour Solicitation Consultant $185/hour Director of Solicitation $210/hour Benjamin P.D. Schrag, Executive Vice President of Prime Clerk LLC, attests that Prime Clerk is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The Firm can be reached through: Benjamin P.D. Schrag Prime Clerk LLC 830 Third Avenue, 9th Floor New York, NY 10022 Tel: 212-257-5450 About The Gymboree Corp. The Gymboree Corporation is a children's apparel retailer in North America, with 1,291 retail stores as of Jan. 28, 2017 operating under three brands: Gymboree; Janie & Jack (a higher-end offering launched in 2002); and Crazy 8 (a value-oriented line launched in 2007). The Company operates online stores at http://www.gymboree.com/, http://www.janieandjack.com/and http://www.crazy8.com/ In October 2010, Gymboree was acquired by Bain Capital Private Equity, LP and certain of its affiliated investment funds or investment vehicles managed or advised by it -- Sponsor -- for approximately $1.8 billion. The Gymboree Corp. and seven affiliates each filed a Chapter 11 voluntary petition (Bankr. E.D. Va. Lead Case No. 17-32986) on June 11, 2017. James A. Mesterharm, chief restructuring officer, signed the petitions. The cases are pending before the Honorable Keith L. Phillips. Gymboree had $755.5 million in assets and $1.36 billion in total liabilities as of March 14, 2017. Kirkland & Ellis LLP, is the Debtors' bankruptcy counsel. Kutak Rock LLP is the Debtors' local bankruptcy counsel. Munger, Tolles & Olson LLP is the Debtors' special counsel. Lazard Freres & Co. LLC is the investment banker. AlixPartners, LLP is the restructuring advisor. Prime Clerk LLC is the claims agent. Counsel to the Term Loan Agent and the DIP Term Loan Agent are Milbank, Tweed, Hadley & McCloy LLP; and McGuireWoods LLP. Rothschild & Co. also serves as advisor to the Term Loan Agent. Bain Capital Partners is represented by Weil Gotshal & Manges LLP. Counsel to the DIP ABL Administrative Agent are Morgan, Lewis & Bockius LLP; and Hunton & Williams LLP. Counsel to the DIP ABL Term Agent are Choate, Hall & Stewart LLP; and Whiteford Taylor Preston, LLP. The indenture trustee for the Debtors' senior unsecured notes is Deutsche Bank Trust Company Americas. Counsel to the ad hoc group of senior unsecured noteholders is Akin Gump Strauss Hauer & Feld LLP. On June 16, 2017, the Debtors filed a joint Chapter 11 plan of reorganization and disclosure statement. On June 22, 2017, the U.S. Trustee for Region 4 appointed an official committee of unsecured creditors. The committee hired Hahn & Hessen LLP as its bankruptcy counsel. HALKER CONSULTING: May Use Cash Collateral Until Sept. 15 --------------------------------------------------------- The Hon. Michael E. Romero of the U.S. Bankruptcy Court for the District of Colorado has entered an agreed final order authorizing Halker Consulting LLC and Matthew Halker to use cash collateral in which CoBiz Bank, dba Colorado Business Bank, and Coulton Creek Capital LLC, have an interest, for the period from the Petition Date until Sept. 15, 2017. As of May 1, 2017, the Debtor and Mr. Halker were indebted to CoBiz in the approximate amount of $1,345,836.39 and fees and expenses owed pursuant to applicable loan documents. As of May 31, 2017, the Debtors were indebted to Coulton Creek in the approximate amount of $772,550, including fees and expenses owed pursuant to applicable loan documents. In order to provide (i) the Debtor with funds to use for its general operating, working capital, and such other general corporate purposes as may be permitted by the Court and applicable law, and (ii) Mr. Halker with funds for general, ordinary course household expenses, the Debtor and Mr. Halker have requested that the Secured Lenders consent to the limited use of the Secured Lenders' cash collateral. The Debtor indicated it has an immediate need to use cash collateral in order to permit, among other things, the orderly continuation of the operation of its businesses, to maintain business relationships with vendors, suppliers and customers, to make payroll and to satisfy other working capital needs. The ability of the Debtor to obtain sufficient working capital and liquidity through the use of cash collateral is vital to the preservation and maintenance of the going concern value of the Debtor and to a successful reorganization of the Debtor. Mr. Halker said he has an immediate need to use cash collateral in order to permit him to, among other things, continue paying general, ordinary course household expenses for himself and his family. The ability of Mr. Halker to continue paying these expenses is vital to preserving and maintaining the value of his estate and the successful reorganization of Mr. Halker. Without the use of cash collateral, the Debtor will not have the funds necessary to pay post-petition payroll, payroll taxes, suppliers, overhead and other expenses, and Mr. Halker will not have the funds necessary to pay his general, ordinary course household expenses. The Secured Lenders are willing to consent to the use of cash collateral. As part of the adequate protection being provided to CoBiz for the use of cash collateral, the Debtor and Mr. Halker will pay CoBiz $50,000 per month, payable on the 5th day of each month, which payments were to commence on the business day following the date of the entry of the interim court order, on account of the use of CoBiz's cash collateral. As additional adequate protection: (a) to the extent of the cash collateral use amount the Secured Lenders are granted and provided with and will have a security interest in and lien upon all post- petition inventory, chattel paper, accounts and general intangibles and all proceeds thereof and all proceeds of the pre-petition collateral with the same relative priority vis-a-vis each other as they had to the pre- petition collateral immediately prior to the Petition Date; provided however, the security interests and liens will be subject and subordinate to: (i) all statutory fees payable to the U.S. Trustee, (ii) up to $50,000 for the allowed fees and costs of Court-approved counsel and advisors to the Debtors incurred during the budget period in addition to those approved in the interim court order, and (iii) up to $5,000 for fees, costs and expenses of any Chapter 11 or Chapter 7 trustee; (b) to the extent that there is a diminution in value in Secured Lenders' pre-petition collateral after the Petition Date that is not offset by the value of the replacement lien in Adequate Protection Collateral: (i) CoBiz is granted a first priority security interest in and lien upon all pre-petition and post-petition assets of the Debtor; (ii) Coulton Creek is granted a second priority (junior to CoBiz) security interest in and lien upon all pre-pretition and post-petition assets of the Debtor; and (iii) Coulton Creek is granted a first priority security interest in and lien upon all pre- petition and post-petition assets of Mr. Halker; provided, however, the security interests and liens will be subject and subordinate to the carve-out; (iv) Secured Lenders are granted an allowed super-priority administrative claim pursuant to Section 507(b) of the U.S. Bankruptcy Code; provided however, the Secured Lenders' super-priority administrative claim will be subject and subordinate to the carve-out and the super- priority administrative claim, if any, of CoBiz will be senior in right of payment to the super-priority administrative claim, if any, of Coulton Creek; and (c) the Secured Lenders' liens upon and security interests in the pre-petition collateral continues in the proceeds and profits of the pre-petition collateral, as provided in Section 552(b) of the Bankruptcy Code. A copy of the court order is available at: http://bankrupt.com/misc/cob17-15141-110.pdf About Halker Consulting LLC Halker Consulting LLC is a nationwide provider of multi-disciplined engineering, design, project management, procurement and field services for oil & gas, and other energy industry sectors. It specializes in oil and gas surface facilities design and engineering. The Company was founded in 2006 by Matt Halker. It is based in Centennial, Colorado, with field operations in Midland, Texas, Greeley, Colorado, Durango, Colorado, and Dickinson, North Dakota. Halker Consulting sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Col. Case No. 17-15141) on June 1, 2017. The petition was signed by its manager Matthew Halker who filed a separate Chapter 11 petition (Bankr. D. Col. Case No. 17-15143). At the time of the filing, Halker Consulting disclosed $1.55 million in assets and $3.63 million in liabilities. Judge Michael E. Romero presides over the case. Kutak Rock LLP represents the Debtor as bankruptcy counsel. On June 1, 2017, the Debtor and Mr. Halker filed a disclosure statement, which explains their joint Chapter 11 plan of reorganization. HALKER CONSULTING: Taps Dennis & Company P.C. as Accountants ------------------------------------------------------------ Halker Consulting LLC seeks authority from the US Bankruptcy Court for the District of Colorado to employ Dennis & Company, P.C. as accountants nunc pro tunc to June 19, 2017. Dennis & Co. will provide accounting services to Halker Consulting in the preparation of the periodic reports that are required to be submitted in the Chapter 11 Case, including, without limitation, initial financial disclosures, monthly operating reports, and post confirmation quarterly reports. Dennis & Co. requests a retainer in the amount of $2,500 to be paid by Halker Consulting in connection with this engagement. The hourly rates that Dennis & Co. will charge the estate are: Mark D. Dennis $210.00 David E. Dennis $250.00 Mariem Skalli $100.00 Mark Dennis, CPA attests that Dennis & Co. is a disinterested person, within the meaning of 11 U.S.C. Section 101(14). The Firm can be reached through: Mark D. Dennis, CPA DENNIS & COMPANY P.C. 8400 East Cresent Parkway Suite 600 Greewood Village, CO 80111 Phone: (720) 528-4087 Email: mark@denniscocpa.com About Halker Consulting LLC Halker Consulting LLC is a nationwide provider of multi-disciplined engineering, design, project management, procurement and field services for oil & gas, and other energy industry sectors. It specializes in oil and gas surface facilities design and engineering. The company was founded in 2006 by Matt Halker. It is based in Centennial, Colorado with field operations in Midland, Texas, Greeley, Colorado, Durango, Colorado, and Dickinson, North Dakota. Halker Consulting sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Col. Case No. 17-15141) on June 1, 2017. The petition was signed by its manager Matthew Halker who filed a separate Chapter 11 petition (Bankr. D. Col. Case No. 17-15143). At the time of the filing, Halker Consulting disclosed $1.55 million in assets and $3.63 million in liabilities. Judge Michael E. Romero presides over the case. Kutak Rock LLP represents the Debtor as bankruptcy counsel. On June 1, 2017, the Debtor and Mr. Halker filed a disclosure statement, which explains their joint Chapter 11 plan of reorganization. HARTFORD COURT: Unsecureds to be Paid $37,800 Over 5 Years ---------------------------------------------------------- Hartford Court Development, Inc., filed with the U.S. Bankruptcy Court for the Northern District of Illinois a disclosure statement to accompany its plan of reorganization, dated June 30, 2017. The Debtor's Plan of Reorganization provides for payment of $37,800 to general unsecured creditors, to be divided among general unsecured creditors pro rata. This amount will be paid over a five-year period, with payments of $1,890/quarter. The percentage paid on general unsecured claims will depend on the resolution of claims filed by two creditors. One claim was filed by Ghaleb Azroui as a derivative claim on behalf of Catherine Courts Condominium Association, in the amount of $60,000. Another claim was filed by Ewa and Dariusz Wejda in the amount of $3,401,734.26. The Debtor believes that neither claim is valid and has filed objections to the two claims. Other than these two claims, the total of general unsecured claims is $62,205. If the two claims are disallowed, then the distribution to general unsecured creditors will be approximately 60%. If the two claims are allowed, then the total of general unsecured claims will be $3,583,939, and the distribution to general unsecured claims will be approximately 1%. These claims may take a substantial period of time to be resolved. The Plan provides for the deposit of the $1,890 quarterly payment to a distribution account. No distributions to creditors will be made until both contested claims have been resolved. When the two claims have been resolved, the Debtor will distribute all funds in the distribution account to general unsecured creditors pro rata. The Debtor will continue to pay the $1,890 quarterly payment, divided pro rata among holders of allowed secured claims, each quarter after final resolution of the contested claims, until the end of the five-year term of the Plan. The Debtor will pay the priority claim of the Internal Revenue Service, in the amount of $116.27, in full upon the Effective Date of the Plan. The remaining balance of the Internal Revenue Service claim, in the amount of $390.00, is a general unsecured claim and will be paid pro rata with other general unsecured claims as described above. The Debtor will pay the secured claims of Hinsdale Bank & Trust Company, secured by 13 condominium units, and John Modzelewski, secured by one condominium unit, in monthly payments over 30 years, with interest at 5% per annum. The Debtor will pay the secured claim of Catherine Courts Condominium Association, representing pre-petition condominium assessments, in monthly payments, without interest, over five years. The Debtor projects sufficient income to pay all required payments under the plan. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/ilnb17-01356-98.pdf About Hartford Court Development Hartford Court Development, Inc., is an Illinois corporation that owns and manages 14 residential condominiums and their related parking spaces, all located in the 5300 block of North Cumberland Avenue, Chicago, IL. Hartford Court Development filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-01356) on Jan. 17, 2017. Paula Walega, the company's president, signed the petition. The Debtor estimated assets and liabilities at $500,000 to $1 million. The case is assigned to Judge Jack B. Schmetterer. The Debtor is represented by David P. Lloyd, Esq. at David P. Lloyd, Ltd. HAYWARD INDUSTRIES: S&P Assigns 'B' CCR, Outlook Stable ------------------------------------------------------- S&P Global Ratings assigned its 'B' corporate credit rating to Hayward Industries Inc. The outlook is stable. At the same time, S&P said, "we assigned our 'B' issue-level rating and '3' recovery ratings to the company's proposed $850 million first-lien term loan due 2024. The '3' recovery rating indicates our expectation for a meaningful (50%-70%: rounded estimate 50%) recovery in the event of payment default. We also assigned our 'CCC+' issue-level rating and '6' recovery rating to the proposed $285 million second-lien term loan due 2025. The '6' recovery rating indicates our expectation for negligible (0%-10%: rounded estimate 5%) recovery in the event of payment default. "Upon close of the transaction we estimate the company will have roughly $1.135 billion in funded debt and $1.144 billion in adjusted debt outstanding. We include $8.7 million worth of operating leases in the adjusted debt balance." All ratings are based on preliminary terms and are subject to review of final documentation. The ratings reflect Hayward's highly leveraged capital structure, narrow focus in pool maintenance equipment, geographic concentration in the U.S., and pronounced seasonal working capital requirements. It also reflects above-average EBITDA margins, reliance on the more stable aftermarket, and a diversified supplier base. S&P said, "We estimate pro forma adjusted debt leverage for this transaction will be very high at roughly 7.2x and we forecast debt to EBITDA to fall to around 6x by the end of fiscal 2018 through steady EBITDA growth and gradual debt reduction. We expect the company to maintain leverage above 5.0x as we believe it will direct the majority of its operating cash flow into its business rather than toward debt repayment. "The stable outlook reflects our forecast for consistent cash flow growth and resulting reduction in leverage driven by EBITDA expansion from strong pricing power, further cost reductions, and the roll off of acquisition-related one-time costs. The stable outlook also reflects our expectation that the company will maintain a financial policy consistent with maintaining leverage below 7x. "We could lower the ratings if forecasted debt to EBITDA rises to above 8x without the prospect of improving below 8x in the near term. This could result from a 400 bps decline in margins and lower sales as the result of a housing downturn causing consumer home equity to decline and for pool owners to delay purchases. It could also occur if the company were to finance a large dividend or acquisition without the requisite increase in EBITDA. "While unlikely over the near term due to its financial sponsor ownership, we could raise the ratings if the company's forecasted EBITDA were to fall below and be sustained under 5x, with the commitment from management to maintaining leverage in that range." HELIOPOWER INC: Disclosures Conditionally OK'd: Aug. 6 Plan Hearing ------------------------------------------------------------------- Judge August B. Landis of the U.S. Bankruptcy Court for the District of Nevada conditionally approved HelioPower, Inc.'s disclosure statement describing its plan of reorganization, dated June 30, 2017. The hearing to approve the Disclosure Statement on a final basis and to consider confirmation of the Debtor's Plan shall be held on August 16, 2017, at 1:30 p.m. Objections, if any, to the final approval of the Disclosure Statement and confirmation of the Plan shall be in writing and served no later than August 2, 2017. Replies to any objections to final approval of the Disclosure Statement or confirmation of the Plan shall be due on August 9, 2017. Class 3 under the Plan consists of General Unsecured Claims. The Debtor estimates that the amount of the general unsecured claims total approximately $3,150,000. The Debtor anticipates General Unsecured Claims shall be paid approximately 1% of their Allowed claims after payment of all Allowed Administrative Claims. As its principal restructuring transaction, the Debtor or Reorganized Debtor, as appropriate, shall issue the New Equity Interests to SNS in exchange for an Equity Contribution of $150,000 and in satisfaction of Sierra Nevada Solar, Inc. Class 5 Claims. Specifically, the Debtor shall take, or cause the Reorganized Debtor to take, the following actions to maximize the return to creditors: 1. The Debtor shall distribute the $150,000 received from SNS to Allowed Unsecured and Administrative Claims under the Plan; 2. The Reorganized Debtor shall satisfy the Allowed Priority and Secured Claims against the Estate, as set forth in the Plan; and 3. The Reorganized Debtor shall honor the Assumed Executory Contracts and Unexpired Leases, and theWarranty Claims in Class 4. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/nvb17-12099-103.pdf About HelioPower, Inc. Heliopower Inc. filed a Chapter 11 petition (Bankr. D. Nev. Case No. 17-12099) on April 25, 2017. Maurice Rousso, president, signed the petition. At the time of filing, the Debtor estimated assets and liabilities ranging from $1 million to $10 million. The Debtor is represented by Samuel A. Schwartz, Esq., at Schwartz Flansburg PLLC. HHGREGG INC: Wants Plan Filing Deadline Moved to Sept. 5 -------------------------------------------------------- BankruptcyData.com reported that hhgregg Inc. filed with the U.S. Bankruptcy Court a motion to extend by 60 days its exclusive periods to file a Chapter 11 plan and solicit acceptances thereof through and including September 5, 2017 and November 6, 2017, respectively. The Debtors' exclusivity periods were slated to expire on July 5, 2017 and September 5, 2017, respectively, absent an extension. The motion explains, "The Debtors' cases have been moving at an extremely fast pace. The Debtors have been able to implement a very orderly and successful wind-down of their operations. Initially, nearly all of the Debtors' attention was required to successfully wind-down the Debtors' businesses and liquidate their assets. The Debtors have since directed their attention to negotiations that will benefit plan formulation and have been successful to this point. The Debtors have accomplished a great deal during the short period since the Petition Date and submit that extensions of the Exclusive Periods are appropriate under the circumstances. While the Debtors have sold substantially all of their assets, they are still working diligently to address issues between creditor constituencies and complete their wind down. Continued efforts on these fronts could fundamentally change any plan that is proposed and could significantly impact the speed at which such plan could be confirmed. Accordingly, the Debtors require additional time to formulate and propose a plan in these cases." About hhgregg Inc. Indianapolis, Indiana-based hhgregg, Inc., is an appliance, electronics and furniture retailer. Founded in 1955, hhgregg is a multi-regional retailer currently with 220 stores in 19 states that also offers market-leading global and local brands at value prices nationwide via http://www.hhgregg.com/ hhgregg Inc., Gregg Appliances Inc. and HHG Distributing LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ind. Lead Case No. 17-01302) on March 6, 2017. The petitions were signed by Kevin J. Kovacs, chief financial officer. At the time of the filing, hhgregg and HHG Distributing estimated assets and liabilities of less than $50,000. Gregg Appliances estimated assets and liabilities at $100 million to $500 million. The Debtors engaged Morgan, Lewis & Bockius LLP and Ice Miller LLP as counsel; Berkeley Research Group, LLC as financial advisor; Stifel and Miller Buckfire & Co. as investment banker; Hilco IP Services as intellectual property advisor; Altus Group US, Inc. as tax advisor; and Donlin, Recano & Company, Inc. as claims and noticing agent. The U.S. Trustee has appointed creditors to serve on the official committee of unsecured creditors in the case of Gregg Appliances, Inc., Case No. 17-01303-RLM-11. No official committee has been appointed in the cases of hhgregg, Inc., No. 17-01302-RLM-11 or HHG Distributing, LLC, No. 17- 01304-RLM-11. The Committee hired Cooley LLP and Bingham Greenebaum Doll LLP as counsel, and ASK LLP as avoidance claims counsel. The Committee retained Province Inc. as financial advisor. Counsel to the Agent for the Debtors' prepetition secured lenders and the lenders providing DIP financing are Sean M. Monahan, Esq., at Choate, Hall & Stewart LLP; and Jay Jaffe, Esq., at Faegre Baker Daniels, LLP. Counsel to the FILO Agent is Stuart Brown, Esq., at DLA Piper LLP. * * * When hhgregg filed for Chapter 11 bankruptcy, it had signed a term sheet with an anonymous party to purchase the Company assets. The Company said at that time it expected a quick and smooth process through Chapter 11 with emergence in approximately 60 days. Ten days later, hhgregg said it has terminated the nonbinding term sheet with the anonymous party because the Company was unable to reach a definitive agreement on terms, and said it continues to work with interested third parties to purchase assets of the business. hhgregg added it had received strong interest from third parties interested in buying some or all of the Company's assets. Subsequently, hhgregg executed a consulting agreement with a contractual joint venture comprised of Tiger Capital Group, LLC and Great American Group, LLC to conduct a sale of the merchandise and furniture, fixtures and equipment located at the Company's retail stores and distribution centers. In an April order, the Bankruptcy Court approved, at the Company's request, a plan for the Company to close 132 retail stores and the Company's distribution centers. According to a disclosure with the Securities and Exchange Commission in March, debtors Gregg Appliances, Inc. and HHG Distributing, LLC entered into a Consulting Agreement with a contractual joint venture between Tiger Capital Group and Great American Group to conduct the sale of the merchandise and furniture, fixtures and equipment located at the Company's 132 retail stores and the distribution centers. As of June 8, the Debtors have completed store closing sales in all its stories. The Company has said it does not anticipate any value will remain from the bankruptcy estate for the holders of the Company's common stock, although this will be determined in the continuing bankruptcy proceedings. IGNITE RESTAURANT: Files Joint Plan of Reorganization ----------------------------------------------------- BankruptcyData.com reported that Ignite Restaurant Group filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, "The Plan is structured as a joint plan. The Debtors will pursue all reasonably available actions to maximize distributions under the Plan to Holders of Claims and Interests. On June 5, 2017, the Debtors executed the Stalking Horse Agreement with the Stalking Horse Bidder for the sale (the 'Sale') of substantially all of the Debtors' assets pursuant to the Plan. Under the Stalking Horse Agreement, the Stalking Horse will pay to the Debtors' estates a cash purchase price of $50,000,000 (less certain purchase price adjustments) and assume certain liabilities of the Debtors. The Debtors anticipate that the Stalking Horse Agreement will yield gross proceeds to the estates in the amount of over $42,000,000 after payment of Administrative Claims (including accrued professional fees), Priority Tax Claims and Other Priority Claims. The Debtors believe that the value they will realize from the Stalking Horse Agreement constitutes fair market value for their assets and will support a confirmable Plan that will maximize value to their various creditor constituencies and bring a successful conclusion to these Chapter 11 Cases. On that basis the Debtors are prepared to proceed with the sale of their business and assets under the terms of the Stalking Horse Agreement, subject to higher or better bids in accordance with bid procedures to be established by this Court." About Ignite Restaurant Ignite Restaurant Group, Inc., et al., operate two well-known restaurant brands, Joe's Crab Shack and Brick House Tavern + Tap that offer a variety of high-quality food and beverages in a distinctive, casual, high-energy atmosphere. They operate 130+ restaurants and have three international franchise locations, and employ about 8,400 employees. On June 6, 2017, Ignite Restaurant Group and its affiliates filed for bankruptcy in Texas (Bankr. S.D. Tex. Lead Case No. 17-33550). The petitions were signed by Jonathan Tibus, chief executive officer. The Hon. David R. Jones presides over the Debtors' cases. Ignite Restaurant Group and its affiliated debtors sought bankruptcy protection to facilitate a sale of its business to a private equity firm for $50 million in cash plus the assumption of certain liabilities. As of April 30, 2017, the Debtors reported $153.4 million in total assets and $197.4 million in total liabilities. The Debtors have employed King & Spalding LLP as legal counsel; Jonathan Tibus, managing director at Alvarez & Marsal North America, as their chief executive officer; Piper Jaffray & Co. as investment banker; Hilco Real Estate, LLC as real estate advisor; and Garden City Group as their claims and noticing agent. On June 21, 2017, a five-member panel was appointed as the official unsecured creditors committee in the Debtors' cases. ILLINOIS STAR: Taps Kemper CPA Group as Accountant -------------------------------------------------- Illinois Star Centre LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Illinois to hire an accountant. The Debtor proposes to hire Kemper CPA Group, LLP to, among other things, prepare its tax returns; evaluate if it is advisable to make bankruptcy elections under the Internal Revenue Code; and provide data analysis and financial services related to the litigation against the City of Marion. The firm will charge a monthly fee of $695 for standard accounting services such as the preparation of tax returns and monthly operating reports, with additional work outside of this scope billed at $40 to $200 per hour. Meanwhile, for the services related to the litigation, the firm will charge an hourly fee of $115. Kemper CPA Group does not hold or represent any interest adverse to the Debtor's estate, according to court filings. The firm can be reached through: Kim Stotlar Kemper CPA Group, LLP 3401 Professional Park Drive Marion, IL 62959 Phone: (618) 997-3055 Email: kstotlar@kcpag.com About Illinois Star Centre Illinois Star Centre LLC owns the Illinois Star Centre Mall located at 3000 W. Deyoung Street, Marion. The mall, which is valued at $5.5 million, offers more than 50 stores and restaurants and serves the Southern Illinois Community with events that showcase local talent. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 17-30691) on May 4, 2017. The petition was signed by Empire Tax Corp. by Dennis D. Ballinger, Jr., managing member. At the time of the filing, the Debtor disclosed $5.6 million in assets and zero liability. The case is assigned to Judge Laura K. Grandy. Carmody MacDonald, P.C. represents the Debtor as bankruptcy counsel. The Debtor hired Hoffman Slocomb LLC, as its special counsel. No official committee of unsecured creditors has been appointed in the case. IMPERIAL METALS: S&P Lowers CCR to 'CCC-', Outlook Negative ----------------------------------------------------------- S&P Global Ratings lowered its long-term corporate credit rating on Vancouver-based Imperial Metals Corp. to 'CCC-' from 'CCC'. The outlook is negative. At the same time, S&P Global Ratings lowered its issue-level rating on the company's senior unsecured notes to 'CC' from 'CCC-'. The '5' recovery rating is unchanged, and indicates S&P's expectation for modest (10% to 30%; rounded estimate 25%) recovery in the event of default. S&P Global Ratings also revised its liquidity assessment on the company to weak from less than adequate. The downgrade follows Imperial's announcement that it will breach some financial covenants under its senior credit facility and require additional liquidity to remain a going concern. The company is seeking a covenant waiver and considering alternatives to address its anticipated funding shortfall, which weaker-than-expected copper and gold output in first-half 2017 precipitated. S&P said, "In our view, it is likely Imperial will consider a distressed debt exchange within the next six months. The scenarios that could lead to a default remain consistent with those outlined in our criteria for 'CCC-' rated issuers." "Beyond the need to obtain a covenant waiver and financial support -- critical for the company to remain a going concern -– Imperial's debt load is what we view as unsustainable. The company faces a large interest payment in September 2017 and its fully drawn credit facility matures in March 2018, both of which we estimate it will not be able to fund. In the past, Imperial had obtained covenant waivers from its banks and equity injections from its majority shareholders. Therefore, we believe it remains possible that the company will receive the necessary support to avoid a near-term default." "However, we believe a debt restructuring is a likely outcome of the current strategic options Imperial is considering. The company is revising mine plans for both its Red Chris and Mount Polley mines. In our view, this limits production visibility and will require additional capital. In addition, the need for multiple covenant waivers and shareholder funding indicates the volatility of output but, more notably, the unsustainable debt structure. Imperial is facing another liquidity crisis despite receiving cash injections from its major shareholders in December 2016 amid a favorable copper price environment. At current levels of debt, the company, in our view, will continue to face significant difficulty covering its fixed charges and maintaining sufficient liquidity to remain a going concern." "The negative outlook reflects our expectation of lowering the ratings if the company defaults on its debt servicing obligations or undertakes a distressed debt exchange, which we believe could occur within the next six months unless the company receives material financial support from its major shareholders." "We would expect to lower the corporate credit rating if the company announces that it will miss its next interest payment or undertake a distressed exchange offer." "We consider a positive rating action unlikely as the company works through its strategic options." IPEK PROPERTIES: Taps Erol Gulistan as Legal Counsel ---------------------------------------------------- Ipek Properties LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire legal counsel. The Debtor proposes to hire Erol Gulistan Law Firm LLC to give legal advice regarding its duties under the Bankruptcy Code, and provide other legal services related to its Chapter 11 case. The firm will charge an hourly fee of $225 for its services. Erol Gulistan, Esq., disclosed in a court filing that his firm does not hold or represent any interest adverse to the Debtor's estate, and that it is "disinterested" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Erol Gulistan, Esq. Erol Gulistan Law Firm LLC 600 Valley Road, Suite LLR1 Wayne, NJ 07470 Tel: (201) 564-5552 Fax: (201) 812-9061 Email: Erol@erollaw.com About Ipek Properties LLC Ipek Properties LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 17-20449) on May 22, 2017. Ulfet Saricicek, member, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets of less than $50,000 and liabilities of less than $100,000. Judge Rosemary Gambardella presides over the case. JACOBS FINANCIAL: EKS&H LLLP Raises Going Concern Doubt ------------------------------------------------------- Jacobs Financial Group, Inc., filed with the U.S. Securities and Exchange Commission its annual report on Form 10-K, disclosing a net loss attributable to stockholders of $1.27 million on $1.33 million of total revenues for the year ended May 31, 2016, compared with net loss attributable to stockholders of $2.74 million on $1.57 million of total revenues for the year ended May 31, 2015. The Company's independent accountants EKS&H LLLP in Denver, Colo., states that the Company has insufficient liquidity and capitalization, and has suffered recurring operating losses. These conditions, among others, raise substantial doubt about the Company's ability to continue as a going concern. At May 31, 2016, the Company had total assets of $11.87 million, total liabilities of $23.21 million, total mandatorily redeemable convertible series A preferred stock of $2.16 million, and $13.49 million in total stockholders' deficit. A full-text copy of the Form 10-K is available at: http://bit.ly/2sWfwVa About Jacobs Financial Jacobs Financial Group, Inc. (OTC Bulletin Board: JFGI), is a Charleston, West Virginia-based holding company for First Surety Corporation, a West Virginia domiciled surety, Triangle Surety Agency, an insurance agency that specializes in coal reclamation surety bonds, and Jacobs & Company, a registered investment advisor. JAWBONE INC: Commenced Liquidation Proceedings ---------------------------------------------- Jawbone Inc. is going out of business, according to various media reports. Reed Albergotti, writing for The Information, reported last week Jawbone has began liquidation proceedings. The report, citing a person close to Jawbone, said Jawbone co-founder and CEO Hosain Rahman has founded a new company called Jawbone Health Hub that will make health-related hardware and software services, and that many employees of Jawbone moved to the new firm earlier this year. Jawbone Health will service Jawbone's devices going forward. Reuters recounts that venture capital firms Sequoia, Andreessen Horowitz, Khosla Ventures and Kleiner Perkins Caufield & Byers, and then a sovereign wealth fund, invested hundreds of millions of dollars in Jawbone, lifting its valuation to $3.2 billion in 2014. Selina Wang at Bloomberg News reports that the liquidation comes after multiple strategic changes and failures. In 2016, Jawbone put its wireless speaker business up for sale to focus on health and wearables. It also ended production of fitness trackers and sold its remaining inventory to a third-party reseller. In January 2017, the company raised $165 million from lead investor Kuwait Investment Authority at about half its 2014 valuation of $3.2 billion, according to Pitchbook Data Inc. Bloomberg notes that having raised some $900 million in equity and convertible debt funding, the liquidation will likely wipe out equity held by investors, meaning big losses. Bloomberg also says BlackRock, which lent Jawbone $300 million in 2015, marked down the value of debt it held in the company by almost 98%, according to a July 5 regulatory filing. Blackrock also holds a stake in the new firm, Jawbone Health, the filing shows. KEYSTONE CONSTRUCTION: Taps Ugell Law Firm as Legal Counsel ----------------------------------------------------------- Keystone Construction NY Inc. received approval from the U.S. Bankruptcy Court for the Southern District of New York to hire The Ugell Law Firm, P.C. The firm will serve as the Debtor's legal counsel in connection with its Chapter 11 case. The services to be provided by the firm include advising the Debtor regarding its duties under the Bankruptcy Code, examination of claims of creditors, and the prosecution of legal actions in other courts on behalf of the Debtor. Ugell Law Firm does not hold any interest adverse to the Debtor or its estate, according to court filings. The firm can be reached through: Scott B. Ugell The Ugell Law Firm, P.C. 151 North Main Street, Suite 202 New City, NY 10956 Phone: 845-639-7011 Email: Scott@UgellLaw.com About Keystone Construction NY Inc. Keystone Construction NY Inc. is into the business of landscaping and snow removal. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-22593) on April 19, 2017. James J. Pace, owner, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets of less than $50,000 and liabilities of less than $500,000. Judge Robert D. Drain presides over the case. KITTERY POINT: Taps Martin Associates as Financial Advisor ---------------------------------------------------------- Kittery Point Partners, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maine to hire a financial advisor. The Debtor proposes to hire Martin Associates, P.A. to, among other things, give advice on financial matters; review and provide input on its operating budget throughout its Chapter 11 case; assist in its projected income models and plans for restructuring; and assist in its negotiations with creditors and investors. John Martin, principal of Martin Associates, will charge an hourly fee of $225. The firm's associates will charge $115 per hour. Mr. Martin disclosed in a court filing that he and his firm do not have any connection with the Debtor, its members and creditors. The firm can be reached through: John Martin Martin Associates, P.A. 128 Auburn Street Portland, ME, 04103 Phone: 207-797-2746 Email: john@martincpa.com About Kittery Point Partners Kittery Point Partners, LLC is a Delaware limited liability company with its principal place of business in Maine. It owns real estate on Kittery Point, Maine. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Maine Case No. 17-20316) on June 22, 2017. Tudor Austin, manager, signed the petition. At the time of the filing, the Debtor estimated $1 million to $10 million in assets and less than $1 million in liabilities. Judge Michael A. Fagone presides over the case. Marcus Clegg represents the Debtor as bankruptcy counsel. KODI DISTRIBUTING: Gets Approval to Hire Phoenix Accounting ----------------------------------------------------------- Kodi Distributing, LLC received approval from the U.S. Bankruptcy Court for the District of Arizona to hire Phoenix Accounting Services as its accountant. The Debtor tapped the firm to, among other things, prepare tax returns and projections, represent it in connection with tax audits, oversee tax planning, and provide consultation services. The firm will be paid a flat fee of $375 per month for its accounting services. The Debtor will also pay the firm a flat fee of $250 to open a new set of books and records; and a flat fee of $1,000 every March of each year beginning next year for the preparation and filing of its annual tax returns. Qin Tan, a tax return preparer employed with Phoenix Accounting, disclosed in a court filing that the firm does not hold or represent any interest adverse to the Debtor and its estate. The firm can be reached through: Qin Y. Tan Phoenix Accounting Services 5501 N. 7th Avenue, Suite 103 Phoenix, AZ 85013 Tel: 602-680-7612 About Kodi Distributing Established in 2009, Kodi Distributing, LLC, is an online distributor of adult products including sex toys, penis pumps, vibrators, dildos and more. The Company is headquartered in Phoenix, Arizona. The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case No. 17-07048) on June 21, 2017, listing $751,274 in total assets and $854,587 in total liabilities as of May 31, 2017. The petition was signed by Narongyos Santadsin, managing member. Judge Eddward P. Ballinger Jr. presides over the case. Krystal Marie Ahart, Esq., at James F. Kahn, P.C., serves as the Debtor's bankruptcy counsel. LIBERTY INTERACTIVE: S&P Affirms BB CCR, Revises Outlook to Stable ------------------------------------------------------------------ S&P Global Ratings said it revised its outlook on Liberty Interactive Corp. to stable from negative. S&P said, "We affirmed our ratings on Liberty, including the 'BB' corporate credit rating. "Our 'BB' issue-level ratings on Liberty Interactive LLC's senior unsecured debt remain on CreditWatch with negative implications, pending completion of the merger and asset-contribution transaction with General Communication Inc. (GCI) announced in April 2017. We will continue to review the recovery prospects for the unsecured notes in light of the HSN transaction. "Liberty plans to rename itself to QVC Group Inc. when the GCI transaction closes, which we expect to occur in the fourth quarter of fiscal 2017. "Our 'BBB-' issue-level rating and '1' recovery rating on QVC's senior secured debt are unchanged. The recovery rating indicates our expectation for very high recovery (90%-100% range; rounded estimate: 95%) in the event of a default. "The outlook revision to stable reflects our expectations for better credit metrics in the next year. We believe the all-stock acquisition of HSN Inc. will support further credit measure improvement and modest benefit in our view of the business given broader scale and synergy opportunities. We believe management's initiatives to offer more attractive and differentiated products at competitive prices and efforts to turn around underperforming product categories (including jewelry and electronics) will lead to debt to EBITDA declining to 3.5x by fiscal-year-end 2017 from 3.8x currently. "The stable outlook reflects our expectations for modest improvement in credit metrics and sales with profit trends recovering over the next several quarters. We believe management will successfully execute initiatives to turn around underperforming product categories including jewelry and electronics, and these efforts will lead to modest EBITDA growth. We anticipate leverage declining to about 3.5x by fiscal-year-end 2017. "We could lower our ratings on Liberty because of event risks that include sizable debt-funded acquisitions and/or shareholder remuneration that deviates from our base-case expectations. Scenarios leading to a downgrade could include issuance of incremental debt above $1 billion to fund investments without offsetting profit or cash flow contribution such that leverage stays around 4x or more. A less likely path to a downgrade could be inadequate execution of sales initiatives or merchandise missteps, leading to an approximately 12% decline in EBITDA while debt remains constant. "Although less likely, we could raise the ratings if the company commits to a more conservative financial policy and acquisition strategy, such as managing debt to EBITDA consistently less than 3x. We have favorable views of management's ability to execute strategies to improve performance trends, and we believe acquiring full control of HSN will allow the company to further build on its considerable market presence in video and e-commerce retailing. So we believe achieving leverage ratio under 3x will likely come from higher profits as we do not anticipate further reduction in debt levels." MANUFACTURERS ASSOCIATES: Unsecureds to be Paid 10% in 8 Quarters ----------------------------------------------------------------- Manufacturers Associates, Inc., and the Chapter 11 Trustee for the Debtor filed with the U.S. Bankruptcy Court for the District of Connecticut a disclosure statement describing their plan of reorganization, dated June 29, 2017, a full-text copy of which is available at: http://bankrupt.com/misc/ctb15-31832-397.pdf The Plan proposes to pay Class 7 General Unsecured Claimants of an Allowed amount in excess of $3,550 a total of 10% of the Allowed claim, without interest, in eight 8 equal quarterly installments commencing on the Effective Date and continuing on the first Business Day of the next calendar quarter starting at least 45 days after the Effective Date. Payment obligations shall be assumed by the Debtor or Reorganized Company commencing on the Effective Date. Anthony Parillo, sole shareholder and president of the Debtor throughout these proceedings, shall be Plan Administrator. The Plan Administrator shall be responsible for issuance of all payments to holders of Allowed Claims in each Class of creditors. Disbursements pursuant to the Plan shall be funded from cash on hand, future receipts of the Company and any other sources that may become available to the Company including recovery net of fees and costs of collection of the loan due from Alvin Parmassar or other claims the Company may hold. About Manufacturers Associates Manufacturers Associates, Inc., based in West Haven, Conn., filed a Chapter 11 petition (Bankr. D. Conn. Case No. 15-31832) on Nov. 2, 2015. The petition was signed by Anthony Parillo, Jr., president. At the time of the filing, the Debtor estimated assets at $0 to $50,000 and liabilities at $1 million to $10 million. The case is assigned to Judge Julie A. Manning. Initially, the Debtor was represented by Peter L. Ressler, Esq., at Groob Ressler & Mulqueen, P.C. The Debtor is currently represented by Carl T. Gulliver, Esq., at Coan, Lewendon, Gulliver & Miltenberger, LLC, as general Chapter 11 counsel. The U.S. Trustee appointed Roberta Napolitano, Esq., as the Chapter 11 Trustee of the Debtor's estate. The Chapter 11 Trustee retained her own firm Ignal Napolitano & Shapiro, P.C., as counsel, and Erum Randhawa of Blum Shapiro & Co., P.C., as accountant. MURPHY & DURIEU: Taps Rising Group's Joshua Rizack as CRO --------------------------------------------------------- Murphy & Durieu, L.P. seeks approval from the US Bankruptcy Court for the Southern District of New York to employ The Rising Group Consulting, Inc. to provide Joshua Rizack as Chief Restructuring Officer and to render related services, Nunc Pro Tunc to May 16, 2017. Professional services to be rendered are: A. direct the Debtor in the liquidation of its business; B. prepare operating reports in the Chapter 11 case as required by applicable bankruptcy rules and US Trustee Guidelines; C. evaluate and formulate the Debtor's liquidation plan, including underlying assumptions; D. direct the Debtor in its Chapter 11 proceeding, including retaining financial advisors, accountants and other professionals as necessary; E. institute and prosecute all legal proceedings necessary, including, but not limited to, turnover, preferences, and/or fraudulent conveyance actions in order to recover property of the Estate; F. periodically provide information deemed by Rizack to be reasonable and relevant to the Debtor and its member and/or managers to apprise them of the status and progress of Rizack's activities. Rising Group's professional fees will be at the rate of $300 to $500 an hour, depending on the personnel assigned to the particular tasks. Rizack will charge at the rate of $500 per hour. Joshua Rizack, President and Senior Managing Director of The Rising Group Consulting, Inc. attests that the firm is a "disinterested person" as that term is defined in 11 U.S.C. Sec. 101(14). The Firm can be reached through: Joshua Rizack The Rising Group Inc. 606 Post Road East, 614, Westport, CT 06880 Tel: 203-227-4115 About Murphy & Durieu L.P. Until 2016, Murphy & Durieu, L.P. was an institutional broker-dealer qualified and operating under the Financial Industry Regulatory Authority Inc. with offices at 120 Broadway, New York, New York. M&D operated as a broker-dealer from 1929 until in or around March 2015. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-22730) on May 16, 2017. Joshua Rizack, chief restructuring officer, signed the petition. At the time of the filing, the Debtor estimated its assets and debts at $1 million to $10 million. Judge Robert D. Drain presides over the case. Fred Stevens, Esq., Brendan M. Scott, Esq., and Lauren C. Kiss, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP, serve as counsel to the Debtor. NATIONAL TRUCK: Hires Lugenbuhl Wheaton as Counsel -------------------------------------------------- National Truck Funding LLC and American Truck Group LLC seek authorization from the U.S. Bankruptcy Court for the Southern District of Mississippi to employ Stewart Peck and the law firm of Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as counsel, nunc pro tunc to June 23, 2017. The Debtors require Lugenbuhl Wheaton to: (a) analyze the Debtors' financial situation and render advice to the Debtors in determining whether to file petitions in bankruptcy; (b) give the debtors-in-possession legal advice with respect to their powers and duties; (c) prepare and file petitions, schedules, statement of financial affairs and other documents that may be required; (d) prepare all appropriate and necessary applications, answers, order, reports and other legal papers; (e) represent the Debtors at the initial debtor interview and meeting of creditors and any adjourned hearings thereof; (f) represent the debtors-in-possession at hearings and other proceedings and take such action as may be necessary to protect and preserve the rights of the debtors-in- possession in theses bankruptcy proceedings, and to source additional capital through financings; (g) perform all other legal services for the debtors-in- possession which may be appropriate and necessary including administration, organization, and conclusion of the case and to assist the debtors-in-possession in satisfying their duties under the Bankruptcy Code; and (h) assist in the preparation and filing of a Plan of Reorganization and Disclosure Statement and attend all hearings in connection therewith. Lugenbuhl Wheaton will be paid at these hourly rates: Stewart F. Peck $375 Nathan Horner $375 Christopher T. Caplinger $315 Benjamin W. Kadden $315 Meredith S. Grabill $295 Joseph Briggett $250 James W. Thurman $215 Paralegals $90 Lugenbuhl Wheaton will also be reimbursed for reasonable out-of-pocket expenses incurred. Stewart F. Peck of Lugenbuhl Wheaton, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Lugenbuhl can be reached at: Stewart F. Peck, Esq. LUGENBUHL, WHEATON, PECK, RANKIN & HUBBARD 601 Poydras Street, Ste 2775 New Orleans, LA 70130 Tel: (504) 568-1990 Fax: (504) 310-9195 E-mail: speck@lawla.com About National Truck Funding LLC Headquartered in Gulfport, Mississippi, National Truck Funding, LLC -- http://nationaltruckfunding.com-- retails and rents trucks. It operates as a subsidiary of American Truck Group, LLC -- http://americantruckgroup.com/ National Truck and American Truck sought Chapter 11 protection (Bankr. S.D. Miss. Case Nos. 17-51243 and 17-51244) on June 25, 2017. The petitions were signed by Louis J. Normand, Jr., manager. Judge Katharine M. Samson presides over the case. National Truck estimated its assets and liabilities at $10 million to $50 million. American Truck estimated its assets and liabilities at $1 million to $10 million. NC DEVELOPMENT: Taps Hoover Penrod as Legal Counsel --------------------------------------------------- NC Development LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Virginia to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Hoover Penrod PLC to, among other things, give legal advice regarding its duties under the Bankruptcy Code, negotiate with creditors, give advice regarding any potential sale of its assets, and assist in the preparation of a bankruptcy plan. The hourly rates charged by the firm are: Dale Davenport $305 Hannah Hutman $305 Beth Driver $275 Paralegal $90 Prior to the petition date, Hoover Penrod was paid $6,168 for its pre-bankruptcy services, and $1,717 for the filing fee. Hannah Hutman, Esq., disclosed in a court filing that the firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Dale A. Davenport, Esq. Hannah W. Hutman, Esq. Beth C. Driver, Esq. Hoover Penrod PLC 342 South Main Street Harrisonburg, VA 22801 Phone: 540-433-2444 Fax: 540-433-3916 Email: ddavenport@hooverpenrod.com Email: hhutman@hooverpenrod.com Email: bdriver@hooverpenrod.com About NC Development LLC NC Development, LLC listed its business as a single asset real estate (as defined in 11 U.S.C. Section 101(51B)), whose principal assets are located at 320 Hope Drive, Winchester, Virginia. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Va. Case No. 17-50630) on June 29, 2017. Matthew Carroll, managing member, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets and liabilities of $1 million to $10 million. Judge Rebecca B. Connelly presides over the case. The Debtor previously filed a Chapter 11 petition (Bankr. D. Md. Case No. 11-13720). The petition was filed on February 25, 2011. OLYMPIA OFFICE: JSH Taps Susan Power Johnston as NY Counsel ----------------------------------------------------------- JSH Properties, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire the Law Office of Susan Power Johnston as its New York bankruptcy counsel. The company is the custodial receiver of a real property that comprises the collateral of noteholders Wells Fargo Bank N.A. and U.S. Bank, N.A. JSH proposes to hire the firm to file all compensation reports with the court on behalf of the company, and to provide any additional bankruptcy-related services that it requires in connection with the Chapter 11 cases of Olympia Office LLC and its affiliates. Johnston will charge $400 per hour for legal work and $100 per hour for any travel time necessary to appear before the court. The firm will also be reimbursed for work-related expenses. The noteholders have consented to the firm's employment and to the use of their cash collateral to pay its fees and expenses. The firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Susan Power Johnston, Esq. Law Office of Susan Power Johnston 1023 Old White Plains Road Mamaroneck, NY 10543-1100 Phone: (914) 834-0143 Email: susan@susanpowerjohnston.com About Olympia Office Olympia Office LLC, based in Cedarhurst, NY, filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No. 16-74892) on Oct. 20, 2016. The petition was signed by Sung II Han, vice-president. The Hon. Alan S. Trust presides over the case. In its petition, the Debtor estimated $10 million to $50 million in both assets and liabilities. The affiliates of Olympia Office LLC: WA Portfolio LLC; Mariners Portfolio LLC; and Seahawk Portfolio LLC filed separate Chapter 11 bankruptcy petitions (Bankr. E.D.N.Y. Case Nos. 16-75515, 16-75516 and 16-75517, respectively) on Nov. 28, 2016. At the time of filing, each of the debtor-affiliates had $10 million to $50 million in estimated assets and $50 million to $100 million in estimated liabilities. The Debtors are represented by Jordan Pilevsky, Esq., at Lamonica Herbst & Maniscalco LLP. The Debtors employ Kiemle & Hagood Company and Kidder Mathews as real estate brokers; and Demasco, Sena & Jahelka LLP as accountant. On May 19, 2016, the Superior Court of the State of Washington for the County of King appointed JSH Properties, Inc. as custodial receiver of a real property that comprises the collateral of noteholders Wells Fargo Bank N.A. and U.S. Bank, N.A. No official committee of unsecured creditors has been appointed. On June 13, 2017, MLMT 2005-MCP1 Washington Office Properties, LLC, a noteholder, filed a Chapter 11 plan of liquidation for the Debtor. PARAMOUNT RESOURCES: S&P Places B- CCR on CreditWatch Positive -------------------------------------------------------------- S&P Global Ratings said it placed its 'B-' long-term corporate credit rating on Paramount Resources Ltd. on CreditWatch with positive implications. The CreditWatch placement follows the announcement that Paramount had agreed to acquire Apache Canada Ltd. from Apache Corp. for C$459.5 million with cash on hand; and that it had agreed to merge with Trilogy Energy Corp. through a share exchange of one Paramount share for every 3.75 Trilogy shares. Paramount expects to close the Apache acquisition by August 2017 and the merger with Trilogy by September. The merger is conditional upon, among other things, shareholder approvals and the completion of the Apache acquisition. The CreditWatch placement reflects the potential for the transactions to be credit positive for Paramount. The combined entity would have large scale, scope, diversification, and operating efficiency. The combined entity would have daily production of about 90,000 barrel of oil equivalent (boe) per day in fourth-quarter 2017 and proved reserves of more than 344 million boe. In addition, the transactions do not involve new debt, so S&P believes the combined entity could also have a stronger financial risk profile. S&P said, "The CreditWatch placement indicates our view that the transaction would likely improve Paramount's overall credit quality, potentially resulting in a multiple-notch upgrade. We expect to resolve the CreditWatch by September 2017, by which point the transactions should be complete. Should the transactions not occur, we will reassess Paramount's credit profile." PERSISTENCE PARTNERS: Unsecureds to be Paid from Settlement Proceed ------------------------------------------------------------------- Persistence Partners IV LLC filed with the U.S. Bankruptcy Court for the District of Connecticut a disclosure statement dated June 26, 2017, referring to the Debtor's plan of reorganization dated June 26, 2017. Class 3 General Unsecured Claims are impaired by the Plan. Non-insider general unsecured claims will be paid in full with interest at the plan rate from the Effective Date to date of payment upon Debtor's receipt of sufficient proceeds from any distributions or arbitration settlement or any other funds that may become available to the Debtor. Payment may be made in one or more distributions after adequate reserve, in the sole discretion of Debtor's Manager, for the Debtor's operations including Chapter 11 Quarterly Fees and arbitration or litigation costs. If funds available upon payment of Class 2 are insufficient to pay Class 3 in full in accordance herewith, at the time of disbursement to Class 2, then payment to Class 3 will be enhanced by payment of up to $25,000 from funds otherwise due Class 2 in accordance with Paragraph 8 of the Settlement Agreement. The post-confirmation manager of the Reorganized Debtor will be Joseph Beninati. The Post-Confirmation Manager will be charged with compliance of the Reorganized Debtor with the terms of this Plan. The Reorganized Debtor will apply all proceeds from the pending arbitration of the Fee Sharing Agreements claims against HDP and GSD before the American Arbitration Association, net of fees and costs owed its professionals arising from the arbitration, to the extent necessary to pay all Allowed Administrative Expenses and claims pursuant to provisions of the Plan within 14 days, or the next business day thereafter if the date is not a business day, after the latter of receipt of cleared funds from the arbitration or the date the Confirmation Order becomes a final court order. Should other funds become available prior to the receipt of the arbitration proceeds sufficient in the sole discretion of the Post-Confirmation Manager to allow an interim distribution after reservation for operations, the Post-Confirmation Manager may make an interim distribution to Administrative Expenses or claims or both. The Reorganized Debtor assumes and will pay its normal operating costs and business expenses, which are very minimal, whether pending at confirmation or arising thereafter, as and when due. Through or under the direction of the Post-Confirmation Manager, from cash on hand at the Effective Date and future receipts, including advances if necessary by the Reorganized Debtor's equity holder or its owner, Rhonda Beninati, the Reorganized Debtor will pay its operating expenses including Chapter 11 Quarterly Fees. The Reorganized Debtor will pay its post-confirmation legal fees and costs to its general chapter 11 counsel when billed or as agreed without the necessity of further Court authority. Secured Creditors whose claims are fully paid will provide upon payment to the Reorganized Debtor a recordable originally executed release of any security interests and the return of any original pledge or similar documents. A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/ctb16-51161-118.pdf About Persistence Partners Persistence Partners IV LLC filed Chapter 11 bankruptcy petition (Bankr. Conn. Case No. 16-51161) on Aug. 30, 2016. Joseph P. Beninati signed the petition as manager. The Debtor estimated assets in the range of $10 million to $50 million and estimated debts in the range of $500,000 to $1 million. Carl T. Gulliver, Esq., at Coan Lewendon Gulliver & Miltenberger LLC serves as the Debtor's bankruptcy counsel. PHOTOMEDEX INC: Dismissed from Linda Andrew Liability Suit ---------------------------------------------------------- The United States District Court for the Middle District of Florida, Orlando Division, has dismissed the Company and Dr. Dolev Rafaeli, its former chief executive officer, from the case of Linda Andrew v. Radiancy, Inc.; Photomedex, Inc.; and Dolev Rafaeli. Ms. Andrew had filed a product liability suit alleging damages from her use of a no!no! hair device. The claims against the Company and Dr. Rafaeli were dismissed without prejudice. The Company's subsidiary, Radiancy, Inc., remains a defendant in the suit. DSKX Settlement On June 23, 2017, the Company and its subsidiaries, Radiancy, Inc. and PhotoMedex Technology, Inc., entered into a Confidential Settlement and Mutual Release Agreement with DS Healthcare Group, Inc. ("DSKX") and its subsidiaries, PHMD Consumer Acquisition Corp. and PHMD Professional Acquisition Corp. As reported on Form 10-Q, Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the periods ending March 31, 2017, and on the Forms 10-K, Current Report, filed on April 14, 2016 and May 31, 2016, the Company and its subsidiaries had entered into Agreements and Plans of Merger and Reorganization with DSKX and its subsidiaries, under which DSKX's subsidiaries would merge with the Company's subsidiaries, in exchange for which DSKX would issue stock in its company to PhotoMedex. On May 27, 2016, the Company and its subsidiaries terminated the Agreements and Plans of Merger and Reorganization with DSKX and filed suit against DSKX in the United States District Court for the Southern District of New York alleging that DSKX breached certain obligations under those Merger Agreements and asserted claims for declaratory judgment, breach of contract, seeking to recover a termination fee of $3.0 million, an expense reimbursement of up to $750,000 and its liabilities and damages suffered as a result of DSKX's failures and breaches in connection with each of the Merger Agreements. The terms of the Settlement Agreement are confidential; the parties will dismiss the suit between them with prejudice within five days. About PhotoMedex PhotoMedex, Inc., is a global health products and services company providing integrated disease management and aesthetic solutions to dermatologists, professional aestheticians, ophthalmologists, optometrists, consumers and patients. The Company provides proprietary products and services that address skin conditions including psoriasis, vitiligo, acne, actinic keratosis, photo damage and unwanted hair, as well as fixed-site laser vision correction services at our LasikPlus(R) vision centers. Photomedex reported a net loss of $13.26 million for the year ended Dec. 31, 2016, compared to a net loss of $34.55 million for the year ended Dec. 31, 2015. As of March 31, 2017, Photomedex had $14.05 million in total assets, $13.38 million in total liabilities and $677,000 in total stockholders' equity. Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued a "going concern" opinion on the consolidated financial statements for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016, the Company had an accumulated deficit of $115,635,000 and shareholders' deficit of $1,408,000. Also, during the most recent periods the Company has incurred losses and negative cash flows from continuing operations and was forced to sell certain assets and business units to obtain additional liquidity resources to support its operations. In addition, on Jan. 23, 2017, the Company completed the sale of its consumer products division which represented the sale of substantially all of the remaining operations and assets of the Company. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. POSIBA INC: Unsecureds to Get Full Payment at 3% Per Annum ---------------------------------------------------------- Posiba, Inc., filed with the U.S. Bankruptcy Court for the Southern District of California a disclosure statement with respect to their plan of reorganization, which calls for the Debtor to continue business operations as an information service company. The Reorganization Plan calls for a revenue focused scenario with accelerators generated from capital contributions and/or the sale of certain of the Debtor's stock and/or stock of its subsidiaries Datas, Inc., and givn, inc. The Debtor is proposing to pay all claims of creditors that it owes in full with interest as appropriate. The maximum length of the Plan is seven years, however, the Debtor expects all creditors to be paid in full within one to four years. Ultimately, the Debtor's shareholders will be reissued shares representing at a minimum 60% of the Reorganized Debtor. The Plan also contemplates a distribution to holders of Unsecured Claims. Each holder of an Unsecured Claim (Class 3) will receive on account of such claim, its pro rata share of periodic distributions from the Disbursement Account maintained by the Reorganized Debtor. The Disbursement Account will consist of distributions from Debtor's net operating income from the Debtor's operations, the operations of Datas, Inc., and givn, inc., the Debtor's subsidiaries, from the sale of shares in the Debtor, Datas, Inc., or givn, inc., and/or from the sale of the Datas platform for the social sector as a whole. The Debtor commits to a final distribution of 100%, with interest accruing at 3% per annum, to Unsecured Claims no later than 84 months from the Effective Date. The Plan implements the Debtor's restructuring of its business as a sustainable and viable business with the completion of the Debtor's platforms, providing a significantly higher return to creditors than would otherwise be available in a liquidation. After confirmation of the Plan, the Reorganized Debtor will continue to exist and conduct business, including the operation of the Datas and givn platforms through its subsidiaries, Datas and givn. The Debtor will use the net proceeds of its operations to make payments to all creditors and will seek to raise capital by the sale of shares in new shares to be issued by the Debtor, or shares in Datas or givn or by the sale of assets, including the Datas charitable platform, in order to supplement those funds. The sale of shares and/or assets will accelerate payments under the Plan. The Debtor anticipates that the operating income of its business will be sufficient to pay all claims of the Reorganized Debtor, including all ongoing administrative expenses and Fee Claims within 84 months from the Effective Date. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/casb16-07714-11.pdf About Posiba, Inc. Based in San Diego, California, Posiba Inc. provides Web-based data and analytics services for foundations and nonprofit organizations. Posiba sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Calif. Case No. 16-07714) on December 22, 2016. The petition was signed by Elizabeth Dreicer, CEO. At the time of the filing, the Debtor estimated its assets at $10 million to $50 million and debts at $1 million to $10 million. The case is assigned to Judge Margaret M. Mann. The Debtor is represented by John L. Smaha, Esq., Gustavo E. Bravo, Esq., and John Paul Teague, Esq. at Smaha Law Group, APC. The Debtor hired Jackson Walker, LLP to represent it in intellectual property matters, and Higgs Fletcher & Mack, LLP to provide legal advice in connection with its ongoing dispute with Keshif Ventures, LLC. It also employed Strong City Advisors, LLC as investment banker. POWER EQUIPMENT: SBA to be Paid $600K at 3.344% Per Annum --------------------------------------------------------- Power Equipment, LLC, filed with the U.S. Bankruptcy Court for the District of Arizona a disclosure statement to accompany its plan of reorganization, dated June 30, 2017. Under the plan, the Debtor proposes to the pay the following: -- A secured debt pursuant to a Promissory Note on behalf of Compass Bank, and is secured by a Deed of Trust With Security Agreement and Assignment of Rents for the Debtor’s commercial property located at 2305 E. Jefferson Street, Phoenix, Arizona. Compass Bank is also further secured by a Commercial Security Agreement, in second position, by a UCC-1 Financing Statement against certain equipment located at the Debtor’s location at 2305 E. Jefferson Street, Phoenix, Arizona. The outstanding principal balance on the loan at the time of filing was approximately $1,464,120.82 as stated by Compass Bank in their pleadings, but no claim has been filed. The non-default rate of interest on the loan is 8.5% per annum. The Debtor's Plan would pay 100% to this creditor over the life of the loan and would pay any valid arrearages, approximate amount $140,000, owed to Compass over a 24 month period with arrearage payments to commence Feb. 1, 2018. -- The Debtor owes the U.S. Small Business Administration an approximate estimated balance of $1,146,481.73 as of the date of filing. Debtor also owes unpaid interest on the principal balance of $28,448.38 from Nov. 1, 2016, to June 29, 2017. The SBA's Note bears interest at 3.344 percent per annum. The SBA's debt is also secured by a Deed of Trust, second position lien, on the Debtor's real property located at 2305 E. Jefferson Street, Phoenix, Arizona, and a first position Commercial Security Agreement and a UCC-1 Financing Statement against the equipment located at the Debtor's location at 2305 E. Jefferson Street, Phoenix, Arizona. The Debtor's Plan would pay a renegotiated principal balance in the amount of $600,000 at 3.344% per annum to the SBA over the life of the loan. Interest only payments would commence on Nov. 1, 2017, pursuant to the Plan. Principal and interest payments on a restructured loan would commence on Feb. 1, 2018. -- The Maricopa County Treasurer is owed an estimated $70,000 in back property taxes. Those taxes would be paid 100% over a period of 48 months commencing Feb. 1, 2018. Any current property taxes that become due prior to Feb. 1, 2018, would be paid in full upon the due date. Class C2: General Unsecured Claims. Class C2 consists of all general unsecured claims against the Debtor. The Debtor said there are no Class C2 Claims at the time of the filing of the Plan. The Debtor projects it will receive sufficient income to make all payments called for under the Plan. The Debtor anticipates that the Plan will be funded with future income of the Debtor's business. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/azb2-17-02136-53.pdf About Power Equipment Power Equipment, LLC sought Chapter 11 protection (Bankr. D. Ariz. Case No. 17-02136) on March 8, 2017. Judge Paul Sala is assigned to the case. The Debtor estimated assets in the range of $10 million to $50 million and $1 million to $10 million in debt. The Debtor tapped Bert L Roos, Esq., at Gertell & Roos, PLLC as counsel. The petition was signed by Gerald Booden, managing member. RACEWAY MARKET: Hearing on Plan Outline Approval Set for Aug. 14 ---------------------------------------------------------------- The Hon. Robyn L. Moberly of the U.S. Bankruptcy Court for the Southern District of Indiana has scheduled for Aug. 14, 2017, at 10:00 a.m. EDT, the hearing to consider the approval of Raceway Market Land, LLC's amended disclosure statement dated June 21, 2017, referring to the Debtor's amended Chapter 11 plan dated June 21, 2017. Any objection to the Disclosure Statement must be filed at least 5 days prior to the hearing. As reported by the Troubled Company Reporter on July 3, 2017, the Debtor filed with the Court a disclosure statement dated June 21, 2017, for the Debtor's second amended Chapter 11 plan, which envisions resolution of this case by the Debtor either refinancing the Beal Bank and First Financial Obligations or selling the mortgaged property no later than Dec. 31, 2017. About Raceway Market Headquartered in Indianapolis, Indiana, Raceway Market Land, LLC, filed for Chapter 11 bankruptcy protection (Bankr. S.D. Ind. Case No. 16-09541) on Dec. 20, 2016, listing $4.25 million in total assets and $5.74 million in total liabilities. The petition was signed by Craig W. Johnson, president. Judge Robyn L. Moberly presides over the case. Andrew T. Kight, Esq., at Taft Stettinius & Hollister LLP serves as the Debtor's bankruptcy counsel. RAND LOGISTICS: Grant Thornton LLP Raises Going Concern Doubt ------------------------------------------------------------- Rand Logistics, Inc., filed with the U.S. Securities and Exchange Commission its annual report on Form 10-K, disclosing a net loss of $18.22 million on $115.45 million of total revenues for the year ended March 31, 2017, compared with net loss of $4.23 million on $148.44 million of total revenues for the year ended March 31, 2016. The audit report of Grant Thornton LLP in Mississauga, Canada, states that the Company incurred a net loss of $19,871 during the year ended March 31, 2017, and as of that date, the Company's current liabilities exceeded its current assets by $214,282 (after the reclassification of debt from long–term to current in the amount of $200,279). Events of default have occurred or are expected to occur upon the expiration of the waiver period under the Company's borrowing arrangements. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. At March 31, 2017, the Company had total assets of $248.60 million, total liabilities of $229.34 million, and $19.26 million in total stockholders' equity. A full-text copy of the Form 10-K is available at: http://bit.ly/2tzgN31 About Rand Logistics Headquartered in Jersey City, N.J., Rand Logistics, Inc., operates bulk carriers on the Great Lakes. The Company has a fleet of 10 self-unloading bulk carriers, including eight River Class vessels and one River Class integrated tug/barge unit, and three conventional bulk carriers. RLE INDUSTRIES: Seeks to Hire Foresight as Financial Advisor ------------------------------------------------------------ RLE Industries, LLC and NEI Industries, Inc. seek approval from the US Bankruptcy Court for the Southern District of New York to employ Foresight Advisors LLC to provide necessary financial advisory services to the Debtors in the Chapter 11 cases. Services Foresight will render to the Debtors are: • improve management of cash related asset including Accounts Receivable and Inventory; • ensure financial controls are adequate and reports are reliable; • work with RLE staff to produce 13 week rolling forecasts of income and cash flow; • work with RLE staff to define products costs to determining the validity of margins and pricing. Determine if pricing is satisfactory; • provide advice on staffing levels, employee productivity, retention and morale; • propose a rationalization of the product offerings that would ensure profitability through selected distribution channels; • work with management to wind down operations including recommending as needed M&A vendor and/or Auctioneer who will pursue sale or liquidation of all or parts of the operating company. The hourly billing rates to be charged by Foresight range from $250 to $325 per hour. Edward Rosenfeld, principal of the firm of Foresight Advisor LLC, attests that Foresight is a "disinterested person" as that term is defined pursuant to Bankruptcy Code section 101(14). The Firm can be reached through: Edward Rosenfeld Foresight Advisor LLC 230 Jay Street #2A Brooklyn, NY 11201 Tel: 212-579-2613 About RLE Industries Founded in 1997, New York-based RLE Industries, LLC dba Robert Lighting & Energy -- http://rleindustries.com/-- manufactures commercial lighting fixtures. RLE Industries (Bankr. S.D.N.Y. Case No. 17-11748) and affiliate NEI Industries Inc. dba Northeast Electric (Bankr. S.D.N.Y. Case No. 17-11749) filed for Chapter 11 bankruptcy protection on June 23, 2017. The petitions were signed by Scott Koenig, president. Judge Michael E. Wiles presides over the case. Dawn Kirby, Esq., and Jonathan S. Pasternak, Esq., at Delbello Donnellan Weingarten Wise & Wiederkeher, LLP, serves as the Debtor's bankruptcy counsel. Foresight Advisors LLC is the Debtors' financial advisors. Each of the Debtors estimated assets at between $500,000 and $1 million; and liabilities at between $1 million and $10 million. RLE INDUSTRIES: Taps DelBello Donnellan Weingarten as Counsel ------------------------------------------------------------- RLE Industries, LLC and NEI Industries, Inc. seek approval from the US Bankruptcy Court for the Southern District of New York to employ DelBello Donnellan Weingarten Wise & Wiederkehr, LLP as their attorneys. The professional services DelBello will render are: a. give advice to the Debtors with respect to their powers and duties as Debtors-in-Possession and the continued management of their property and affairs; b. negotiate with creditors of the Debtors and work out a plan(s) of reorganization and take the necessary legal steps in order to effectuate such a plan(s) including, if need be, negotiations with the creditors and other parties in interest; c. prepare the necessary answers, orders, reports and other legal papers required for the Debtors' protection from their creditors under Chapter 11 of the Bankruptcy Code; d. appear before the Bankruptcy Court to protect the interest of the Debtors and to represent the Debtors in all matters pending before the Court; e. attend meetings and negotiate with representatives of creditors and other parties in interest; f. advise the Debtors in connection with any potential sale of the businesses; g. represent the Debtors in connection with obtaining post-petition financing, if necessary; h. take any necessary action to obtain approval of a disclosure statement(s) and confirmation of a plan(s) of reorganization; and i. perform all other legal services for the Debtors which may be necessary for the preservation of the Debtors' estates and to promote the best interests of the Debtors, their creditors and their estates. The DelBello Bankruptcy Practice Group's 2017 hourly rates are: Attorneys $375 to $620 Paraprofessionals $150.00 Jonathan S. Pasternak, partner of the firm DelBello, Donnellan, Weingarten, Wise & Wiederkehr, LLP, attests that the law firm is a disinterested person within the meaning of section 101(14) of the Bankruptcy Code in that its members and associates (a) are not creditors, equity security holders or insiders of the Debtors, (b) are not and were not within two years before the Filing Date a director, officer or employee of the Debtors, (c) do not have an interest materially adverse to the interest of the estates, or any class of creditors or equity security holders by reason of any direct or indirect relationship to, connection with, or interest in the Debtors, or for any other reason. The Firm can be reached through: Jonathan S. Pasternak, Esq. DELBELLO DONNELLAN WEINGARTEN WISE & WIEDERKEHR, LLP One North Lexington Avenue White Plains, NY 10601 Tel: (914) 681-0200 Fax: (914) 684-0288 About RLE Industries Founded in 1997, New York-based RLE Industries, LLC dba Robert Lighting & Energy -- http://rleindustries.com/-- manufactures commercial lighting fixtures. RLE Industries (Bankr. S.D.N.Y. Case No. 17-11748) and affiliate NEI Industries Inc. dba Northeast Electric (Bankr. S.D.N.Y. Case No. 17-11749) filed for Chapter 11 bankruptcy protection on June 23, 2017. The petitions were signed by Scott Koenig, president. Judge Michael E. Wiles presides over the case. Dawn Kirby, Esq., and Jonathan S. Pasternak, Esq., at Delbello Donnellan Weingarten Wise & Wiederkeher, LLP, serves as the Debtor's bankruptcy counsel. Foresight Advisors LLC is the Debtors' financial advisors. The Debtors each estimated their assets at between $500,000 and $1 million and their liabilities at between $1 million and $10 million. RUE21 INC: Committee Hires Fox Rothschild as Co-Counsel ------------------------------------------------------- The Official Committee of Unsecured Creditors of rue21, Inc., et al., seeks authority from the US Bankruptcy Court for the Western District of Pennsylvania to retain Fox Rothschild LLP as Co-Counsel. The Committee needs Fox Rothschild to: a. assist, advise and represent the Committee with respect to the administration of this case and the exercise of oversight with respect to the Debtors' affairs, including all issues arising from or impacting the Debtors, the Committee or these Bankruptcy Cases; b. provide all necessary legal advice with respect to the Committee's powers and duties; c. assist the Committee in maximizing the value of the Debtors' assets for the benefit of all creditors; d. participate in the formulation of and negotiation of a plan of reorganization and approval of an associated disclosure statement; e. conduct an investigation, as the Committee deems appropriate, concerning, among other things, the assets, liabilities, financial condition and operating issues of the Debtors and any other matter relevant to the case or to the formulation of a plan; f. commence and prosecute any and all necessary and appropriate actions and/or proceedings on behalf of the Committee that may be relevant to this case; g. prepare on behalf of the Committee necessary applications, motions, answers, orders, reports and other legal papers; h. communicate with the Committee's constituents and others as the Committee may consider desirable in furtherance of its responsibilities; i. appear in Court and to represent the interests of the Committee; and j. perform all other legal services for the Committee which are appropriate, necessary and proper in these Bankruptcy Cases. Fox's current hourly rates as of June 1, 2017, are: Partners $205-$950/hour Associates $210-$510/hour Paralegals $165-$385/hour In accordance with Appendix B-Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the firm's John R. Gotaskie, Jr. disclosed that: -- Partner Jeffrey M. Schlerf's rate has been reduced to $590 per hour (from $720). Paralegal Ian D. Densmore’s rate has been reduced to $225 per hour (from $275); -- Fox has not represented the client in the 12 months prepetition; and -- Fox understands the Committee and Cooley have developed a prospective budget and staffing plan to comply with the U.S. Trustee’s requests for information and additional disclosures, which Fox will work within, recognizing that in the course of complex chapter 11 cases, there may be unforeseeable fees and expenses that will need to be addressed. John R. Gotaskie, Jr., Partner with the law firm Fox Rothschild LLP, attests that his firm, its members and associates are "disinterested persons" as that term is defined in 11 U.S.C. Sec. 101(14). The Firm can be reached through: John R. Gotaskie, Jr. Fox Rothschild LLP BNY Mellon Center 500 Grant Street, Suite 2500 Pittsburgh, PA 15129 Tel: 412-391-1334 Fax: 412-391-6984 Email: jgotaskie@foxrothschild.com About rue21 rue21 -- http://www.rue21.com/-- is a teen specialty apparel retailer. For over 37 years, rue21 has been famous for offering the latest trends at an affordable price point. It has core brands in girls' apparel (rue21), intimate apparel (true), girls' accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel and accessories (Carbon), girls' plus-size apparel (rue+), and girls' swimwear (ruebleu). The company is headquartered in Warrendale, Pennsylvania and have one distribution center located in Weirton, West Virginia. Headquartered just north of Pittsburgh, Pennsylvania, rue21 had 1,179 stores in 48 states in shopping malls, outlets and strip centers, and on its website. In April, Company began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations. On May 15, 2017, rue21, inc., and affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Lead Case No. 17-22045). Todd M. Lenhart, the Company's senior vice president, treasurer, chief financial officer, and chief accounting officer, signed the petitions. The Debtors have sought joint administration of the Chapter 11 cases. The Honorable Gregory L. Taddonio is the case judge. The Debtors tapped Reed Smith LLP as local counsel; Kirkland & Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment banker; Berkeley Research Group, LLC, as financial advisor; A&G Realty Partners, LLC, as real estate advisor and consultant; and Kurtzman Carson Consultants LLC as claims and notice agent. rue21 estimated $1 billion to $10 billion in assets and liabilities. Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders, Prepetition Term Loan Agent and Term Loan Steering Committee are Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J. Bresch, Esq., at Jones Day. Counsel to the DIP ABL Agent and the Prepetition ABL Agent are Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy Palmer, Esq., at Buchanan Ingersoll & Rooney PC. The Sponsor Lenders are represented by Simpson Thacher & Bartlett's Elisha D. Graff, Esq. An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed, Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq. Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017, appointed seven creditors to serve on the official committee of unsecured creditors. The Committee has tapped Cooley LLP as counsel; and Fox Rothschild LLP as local counsel. RUE21 INC: Committee Seeks to Hire Cooley as Lead Counsel --------------------------------------------------------- The Official Committee of Unsecured Creditors of rue21, Inc., et al., seeks authority from the US Bankruptcy Court for the Western District of Pennsylvania to retain Cooley LLP as its lead counsel. Professional services to be rendered by Cooley are: (a) attend the meetings of the Committee; (b) review financial and operational information furnished by the Debtors to the Committee; (c) analyze and negotiate the budget and the terms of debtor-in-possession financing; (d) assist in the Debtors' efforts to reorganize or sell their assets in a manner that maximizes value for creditors; (e) review and investigate the liens of purported secured parties; (f) review and investigate prepetition transactions in which the Debtors and/or their insiders were involved; (g) assist the Committee in negotiations with the Debtors and other parties in interest on any proposed Chapter 11 plan or exit strategy for these cases; (h) confer with the Debtors' management, counsel, financial advisor, and any other retained professional; (i) confer with the principals, counsel, and advisors of the Debtors' lenders and equity holders; (j) review the Debtors' schedules, statements of financial affairs, and business plan; (k) advise the Committee as to the ramifications regarding all of the Debtors' activities and motions before this Court; (l) review and analyze the Debtors' financial advisors' work product and report to the Committee; (m) provide the Committee with legal advice in relation to the chapter 11 cases; (n) prepare and file various pleadings on behalf of the Committee to be submitted to the Court for consideration; and (o) perform such other legal services for the Committee as may be necessary or proper in these proceedings. The current hourly rates of the Cooley professionals area; Attorney Status Hourly Rate Jay R. Indyke Partner $1,180 Cathy Hershcopf Partner $995 Seth Van Aalten Partner $885 Ian Shapiro Partner $950 Michael Klein Special Counsel $850 Max Schlan Associate $735 Sarah Carnes Associate $595 Lauren Reichardt Associate $595 Victoria Foltz Associate $525 Mollie Canby Paralegal $240 In accordance with Appendix B-Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Jay R. Indyke disclosed that: -- it has not agreed to any variations from, or alternatives to, its standard or customary billing arrangements for this engagement; -- none of the professionals included in the engagement vary their rate based on the geographic location of the bankruptcy case; -- Cooley did not represent the Committee in the 12 months prepetition. Cooley has in the past represented, currently represents, and may represent in the future certain Committee members and/or their affiliates in their capacities as members of official committees in other chapter 11 cases or in their individual capacities.; and -- the Committee has approved the budget and staffing plan for the first budgeted period from May 23, 2017 through July 31, 2017. Jay R. Indyke, partner of the law firm of Cooley LLP, attests that Cooley does not have an interest adverse to the Debtors' estates and is a "disinterested person," as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1103(b) of the Bankruptcy Code. The Firm can be reached through: Jay R. Indyke, Esq. COOLEY LLP The Grace Building 1114 Avenue of the Americas, 46th Floor New York, NY 10036-7798 Tel: +1 212 479 6000 Fax: +1 212 479 6275 Email: jindyke@cooley.com About rue21 rue21 -- http://www.rue21.com/-- is a teen specialty apparel retailer. For over 37 years, rue21 has been famous for offering the latest trends at an affordable price point. It has core brands in girls' apparel (rue21), intimate apparel (true), girls' accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel and accessories (Carbon), girls' plus-size apparel (rue+), and girls' swimwear (ruebleu). The company is headquartered in Warrendale, Pennsylvania and have one distribution center located in Weirton, West Virginia. Headquartered just north of Pittsburgh, Pennsylvania, rue21 had 1,179 stores in 48 states in shopping malls, outlets and strip centers, and on its website. In April, Company began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations. On May 15, 2017, rue21, inc., and affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Lead Case No. 17-22045). Todd M. Lenhart, the Company's senior vice president, treasurer, chief financial officer, and chief accounting officer, signed the petitions. The Debtors have sought joint administration of the Chapter 11 cases. The Honorable Gregory L. Taddonio is the case judge. The Debtors tapped Reed Smith LLP as local counsel; Kirkland & Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment banker; Berkeley Research Group, LLC, as financial advisor; A&G Realty Partners, LLC, as real estate advisor and consultant; and Kurtzman Carson Consultants LLC as claims and notice agent. rue21 estimated $1 billion to $10 billion in assets and liabilities. Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders, Prepetition Term Loan Agent and Term Loan Steering Committee are Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J. Bresch, Esq., at Jones Day. Counsel to the DIP ABL Agent and the Prepetition ABL Agent are Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy Palmer, Esq., at Buchanan Ingersoll & Rooney PC. The Sponsor Lenders are represented by Simpson Thacher & Bartlett's Elisha D. Graff, Esq. An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed, Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq. Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017, appointed seven creditors to serve on the official committee of unsecured creditors. The Committee has tapped Cooley LLP as counsel; and Fox Rothschild LLP as local counsel. RUE21 INC: Seeks to Hire Ernst & Young as Tax Advisor ----------------------------------------------------- rue21, inc., et al., seek authority from the US Bankruptcy Court for the Western District of Pennsylvania to employ Ernst & Young LLP as tax advisor to the Debtors nunc pro tunc to May 15, 2017. Services to be provides by EY are: a. advise the Debtors personnel in developing an understanding of the tax issues and options related to the Debtors' Chapter 11 filing, taking into account the Debtors' specific facts and circumstances, for U.S. federal and state & local tax purposes; b. advise on the federal and state & local income tax consequences of proposed plans of reorganization, including, if necessary, assisting in the preparation of IRS ruling requests regarding the tax consequences of alternative reorganization structures and tax opinions; c. understand and advise on the tax implication of reorganization and/or restructuring alternatives the Debtors are evaluating with existing bondholders and other creditors that may result in a change in the equity, capitalization and/or ownership of the shares of the Debtors and its assets; d. gather information, prepare calculations and apply the appropriate federal and state & local tax law to historic information regarding changes in the ownership of the Debtors' stock to calculate whether any of the shifts in stock ownership may have caused an ownership change that will restrict the use of tax attributes (such as net operating loss, capital loss, credit carry forwards, and built in losses) and the amount of any such limitation; e. prepare calculations and apply the appropriate federal and state & local tax law to determine the amount of tax attribute reduction related to debt cancellation income and modeling of tax consequences of such reduction; f. provide training, education and insight surrounding ASC 740 and Fresh Start accounting; g. update the draft tax basis balance sheets and draft computations of stock basis as of certain relevant dates for purposes of analyzing the tax consequences of alternative reorganization structures; h. analyze federal and state & local tax treatment of the costs and fees incurred by the Debtors in connection with the bankruptcy proceedings, including tax return disclosure and presentation; i. analyze federal and state & local tax treatment of interest and financing costs related to debt subject to automatic stay, and new debt incurred as the Debtors emerges from bankruptcy, including tax return disclosure and presentation; j. advise the Debtors with tax advisory services regarding tax aspects of the bankruptcy process; k. analyze federal and state & local tax consequences of restructuring and rationalization of inter-company accounts, and upon written request, we will analyze impacts of transfer pricing and related cash management; l. analyze federal and state & local tax consequences of restructuring in the U.S. or internationally during bankruptcy, including tax return disclosure and presentation; m. analyze federal and state & local tax consequences of potential bad debt and worthless stock deductions, including tax return disclosure and presentation; n. upon written request, analyze federal and state & local tax consequences of employee benefit plans; o. upon written request, assist with various tax, compliance and audit issues arising in the ordinary course of business while in bankruptcy, including but not limited to: IRS and/or state and local income and indirect tax audit defense, and compliance questions, notices or issues related to federal, state & local income/franchise tax, sales and use tax, property tax, employment tax, and credit & incentive agreements; p. advise and/or assist, as requested and as permissible, with determining the validity and amount of bankruptcy tax claims or assessments, including but not limited to the following types of taxes; income taxes, franchise taxes, sales taxes, use taxes, employment taxes, property taxes, severance taxes, excise taxes, credit & incentive agreements, and other miscellaneous taxes or regulatory assessments and fees; q. upon written request, assist and advise on seeking tax refunds, including but not limited to the following types of taxes; income taxes, franchise taxes, sales taxes, use taxes, employment taxes, property taxes, and tax credits & incentives; and r. upon written request, provide documentation, as appropriate or necessary, of tax matters, of tax analysis, opinions, recommendations, conclusions and correspondence for any proposed restructuring alternative, bankruptcy tax issue, or other tax matter described above. EY LLP's current hourly rates are: Partner/Principal/Executive Director $640—$900 Senior Manager $520—$640 Manager $470—$520 Senior Staff $280—$360 Staff $140—$280 Carl J. Grande, partner of Ernst & Young LLP, attests that his firm does not hold nor represent any interest materially adverse to the Debtors in the matters for which EY LLP is proposed to be retained. The Firm can be reached through: Carl J. Grande Ernst & Young LLP One Commerce Square 2005 Market Street, Suite 700 Philadelphia, PA 19103 Phone: 215-448-5000 Fax: 215-448-4069 About rue21 rue21 -- http://www.rue21.com/-- is a teen specialty apparel retailer. For over 37 years, rue21 has been famous for offering the latest trends at an affordable price point. It has core brands in girls' apparel (rue21), intimate apparel (true), girls' accessories (etc!), girls' cosmetics (ruebeaute!), guys' apparel and accessories (Carbon), girls' plus-size apparel (rue+), and girls' swimwear (ruebleu). The company is headquartered in Warrendale, Pennsylvania and have one distribution center located in Weirton, West Virginia. Headquartered just north of Pittsburgh, Pennsylvania, rue21 had 1,179 stores in 48 states in shopping malls, outlets and strip centers, and on its website. In April, Company began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations. On May 15, 2017, rue21, inc., and affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Lead Case No. 17-22045). Todd M. Lenhart, the Company's senior vice president, treasurer, chief financial officer, and chief accounting officer, signed the petitions. The Honorable Gregory L. Taddonio is the case judge. The Debtors tapped Reed Smith LLP as local counsel; Kirkland & Ellis LLP as bankruptcy counsel; Rothschild Inc., as investment banker; Berkeley Research Group, LLC, as financial advisor; A&G Realty Partners, LLC, as real estate advisor and consultant; and Kurtzman Carson Consultants LLC as claims and notice agent. rue21 estimated $1 billion to $10 billion in assets and liabilities. Counsel to the DIP Term Loan Agent, DIP Term Loan Lenders, Prepetition Term Loan Agent and Term Loan Steering Committee are Scott J. Greenberg, Esq., Michael J. Cohen, Esq., and Jeffrey J. Bresch, Esq., at Jones Day. Counsel to the DIP ABL Agent and the Prepetition ABL Agent are Julia Frost-Davies, Esq., and Amelia C. Joiner, Esq., at Morgan Lewis & Bockius LLP; and James D. Newell, Esq., and Timothy Palmer, Esq., at Buchanan Ingersoll & Rooney PC. The Sponsor Lenders are represented by Simpson Thacher & Bartlett's Elisha D. Graff, Esq. An Ad Hoc Cross-Holder Group is represented by Milbank, Tweed, Hadley & McCloy's Gerard Uzzi, Esq., and Eric Stodola, Esq. Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 23, 2017, appointed seven creditors to serve on the official committee of unsecured creditors. The Committee has tapped Cooley LLP as counsel; and Fox Rothschild LLP as local counsel. SE PROFESSIONALS: Seeks to Hire Schenck S.C. as Accountant ---------------------------------------------------------- SE Professionals, S.C. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire an accountant. The Debtor proposes to hire Schenck, S.C. to prepare its financial statements and tax returns, and provide other accounting services related to its Chapter 11 case. The firm will be paid up to $5,835 for its services. Wayne Stout, a certified public accountant employed with Schenck, disclosed in a court filing that he and other employees of the firm are "disinterested" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Wayne Stout Schenck, S.C. 712 Riverfront Drive, Suite 301 Sheboygan, WI 53081 Phone: 920-458-0341 About SE Professionals SE Professionals is a Wisconsin service corporation which employs licensed optometrists and sells eyewear at three locations in the Milwaukee, Wisconsin area. The Debtor currently employs approximately twenty-four persons. SE Professionals' principal place of business is 840 W. Blackhawk St., Apt. 413, Chicago, Illinois 60642, which is the residence of the President, sole director and sole shareholder of the Debtor, namely, D. King Aymond, M.D. SE Professionals, S.C. d/b/a Premier Vision filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-18113), on June 14, 2017. The petition was signed by King D. Aymond, M.D., president. The case is assigned to Judge Donald R Cassling. The Debtor is represented by Arthur G Simon, Esq. at Crane, Heyman, Simon, Welch & Clar. At the time of filing, the Debtor had $100,000 to $500,000 in estimated assets and $1 million to $10 million in estimated liabilities. No trustee, examiner or official committee of unsecured creditors has been appointed in this case. SE PROFESSIONALS: Taps Crane Heyman as Legal Counsel ---------------------------------------------------- SE Professionals, S.C. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire legal counsel. The Debtor proposes to hire Crane, Heyman, Simon, Welch & Clar to give legal advice regarding its duties under the Bankruptcy Code, and provide other legal services related to its Chapter 11 case. Crane Heyman on May 25 was paid $10,000 from funds furnished by D. King Aymond, president of the Debtor, as an advance payment retainer. On June 13, the firm received another advance payment retainer in the amount of $50,000 from Mr. Aymond. Arthur Simon, Esq., and Jeffrey Dan, Esq., the attorneys who will be handling the case, disclosed in court filings that they and other members of the firm do not represent any interest adverse to the Debtor's estate and its creditors. The firm can be reached through: Arthur G. Simon, Esq. Jeffrey C. Dan, Esq. Crane, Heyman, Simon, Welch & Clar 135 South LaSalle St., Suite 3750 Chicago, IL 60603 Phone: (312) 641-6777 Fax: (312) 641-7114 Email: asimon@craneheyman.com About SE Professionals SE Professionals is a Wisconsin service corporation which employs licensed optometrists and sells eyewear at three locations in the Milwaukee, Wisconsin area. SE Professionals' principal place of business is 840 W. Blackhawk St., Apt. 413, Chicago, Illinois 60642, which is the residence of its President, sole director and sole shareholder, D. King Aymond, M.D. SE Professionals, S.C. d/b/a Premier Vision filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-18113), on June 14, 2017. The petition was signed by King D. Aymond, M.D., president. The case is assigned to Judge Donald R Cassling. The Debtor is represented by Arthur G Simon, Esq. at Crane, Heyman, Simon, Welch & Clar. At the time of filing, the Debtor had $100,000 to $500,000 in estimated assets and $1 million to $10 million in estimated liabilities. No trustee, examiner or official committee of unsecured creditors has been appointed in this case. SHADRACH MESHACH: Says Counsel May Seek Compensation from Buyer --------------------------------------------------------------- Shadrach, Meshach & Abednego, Inc. disclosed in a filing with the U.S. Bankruptcy Court for the Northern District of Alabama that its proposed legal counsel Heard, Ary & Dauro, LLC may seek compensation either from the company or from Roots Multiclean Ltd. Roots Multiclean has submitted an offer to purchase the assets of Shadrach. Although there is no written agreement requiring Roots Multiclean to pay the law firm its fees, it has indicated that it will pay those fees. If Roots Multiclean paid those fees, Heard Ary would still be "disinterested" as the law firm does not hold any interest materially adverse to the interests of the estate, Shadrach said in its amended application to employ the law firm. Shadrach also disclosed that Roots Multiclean is not a creditor and has no interest in the company. About Shadrach, Meshach & Abednego Formerly known as Victory Sweepers, Inc., Shadrach, Meshach & Abednego, Inc. is an industrial vacuum equipment supplier in Madison, Alabama. Founded in 2006 by Mark Schwarze, the company is primarily in the sweeper manufacturing business. Its first product, introduced in 2007, was a twin-engine parking area sweeper dubbed the 'Mark II.' Shadrach, Meshach & Abednego sought Chapter 11 protection (Bankr. N.D. Ala. Case No. 17-81731) on June 9, 2017, disclosing assets at $984,170 and liabilities at $3.64 million. The petition was signed by Mark R. Schwarze, president. Judge Clifton R. Jessup Jr. is assigned to the case. SHORT BARK: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Affiliated Debtors that filed separate Chapter 11 bankruptcy petitions: Debtor Case No. ------ -------- EXO SBI, LLC 17-11501 1209 Orange Street Wilmington, DE 19801 Short Bark Industries, Inc. 17-11502 SBI PR Building 1 Parque Industrial Cienaga Carr. 322 Km 0.4 Lot #7 Guanica, PR 00647 Type of Business: Short Bark Industries, Inc. -- http://www.shortbark.com/-- provides military apparels for the Department of Defense, law enforcement industry. The Company's current or previously manufactured items in the military category include but are not limited to military MOLLE, medium and large rucksacks, assault packs, IWCS, ACU, ABU, BDU, helmet covers, FROG, A2CU and more. The Company offers men and boys suits, over garments, bag, and coats. Short Bark Industries holds over 120,000+ square feet of manufacturing capacity with operations in Florida, Puerto Rico and Tennessee. Chapter 11 Petition Date: July 10, 2017 Court: United States Bankruptcy Court District of Delaware (Delaware) Debtors' Counsel: David M. Klauder, Esq. BIELLI & KLAUDER, LLC 1204 N. King Street Wilmington, DE 19801 Tel: 302-803-4600 Fax: 302-397-2557 Email: dklauder@bk-legal.com Estimated Estimated Assets Liabilities ---------- ----------- EXO SBI, LLC $0-$50k $0-$50k Short Bark Industries $10M-$50M $10M-$50M The petition was signed by Phil Williams, CEO and Chairman. Full-text copies of the petitions are available for free at: http://bankrupt.com/misc/deb17-11501.pdf http://bankrupt.com/misc/deb17-11502.pdf A. List of EXO SBI, LLC's Three Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ Anthony J. Gallo Consulting Unknown Law Office of Anthony J. Gallo services Corporation Trust Company Registered Agent Unknown services Delaware Secretary of State Unknown B. List of Short Bark Industries's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ AGMA Security Services Services $27,420 Atlantic Diving Supply, Inc. Trade $709,063 621 Lynnhaven Pkwy., Ste. 400 Virginia Beach, VA 23453 Fax: 757-481-2039 Bornquen Container Group Trade $17,432 Carter Enterprises, LLC Trade $22,477 Consolidated Waste Services Services $14,468 Diversitex, Inc. Trade $953,542 376 Hollywood Ave. Ste. 203 Fairfield, NJ 07004 Fax: 973-808-6261 FedEx Freight Services $14,468 Global Enterprises Trade $3,165,350 Co., Ltd. Shia Bian No. 91, Zao Shang Ind. Wetang District, Dongcheng, D China 52312 (86769) 22081980 Hayne Surridge Company Trade $68,496 LSQ Funding Group, L.C. Loan $3,376,177 c/o Gary Soles, Esquire Lowndes, Drosdick, Doster, Kantor & Reed 215 N. Eola Dr. Orlando, FL 32801 Tel: 407-843-4600 Millken & Company Trade $451,197 PO Box 1926 Spartanburg, SC 29304 Tel: 864-503-2100 MMI Textiles, Inc. Trade $490,264 29260 Clemens Rd., Bldg. II, Ste. B Westlake, OH 44145 Tel: 440-899-8055 Old Dominion Freight Services $25,188 Email: odinvoicing@odfl.com Pine Belt Processing, Inc. Trade $234,408 Propper International Trade $14,082 Southeast Freight Services $51,005 Lines, Inc. Email: rburleson@sefl.com SSM Industries Trade $292,317 211 Ellis Ave. Spring City, TN 37381 Tapecraft Trade $266,815 PO Box 2027 Anniston, AL 36202 Tel: 256-832-3152 Tencate Southern Mills Trade $225,082 Warmkraft, Inc. Trade $26,660 Taylorsville-Apparel SPECTRUM ALLIANCE: U.S. Trustee Forms 4-Member Committee -------------------------------------------------------- Andrew Vara, acting U.S. trustee for Region 3, on July 7 appointed four creditors to serve on the official committee of unsecured creditors in the Chapter 11 case of Spectrum Alliance, LP. The committee members are: (1) Benefit Design, Inc. Employee Pension Plan c/o Kristler Tiffany Benefits 400 Berwyn Park, Suite 200 Berwyn, PA 19312 Phone: (800) 396-4309 Email: bill@ktbenefits.com (2) Ramesh R. DeSai 135 Weber Road North Wales, PA 19454 Phone: (215) 519-2286 Email: weberdesai@gmail.com (3) John S. Gooding 345 South Reading P.O. Box 476 Ephrata, PA 17522 Phone: (717) 299-1896 Email: johng@gsmroofing.com (4) APMC-II 38 Red Fox Drive New Hope, PA 18938 Phone: (917) 969-6629 Email: chen_maurice@yahoo.com Official creditors' committees have the right to employ legal and accounting professionals and financial advisors, at a debtor's expense. They may investigate the debtor's business and financial affairs. Importantly, official committees serve as fiduciaries to the general population of creditors they represent. About Spectrum Alliance LP Based in North Wales, Pennsylvania, Spectrum Alliance LP sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 17-14250) on June 20, 2017. James R. Wrigley, president, signed the petition. At the time of the filing, the Debtor estimated its assets and debts at $50 million to $100 million. Judge Jean K. FitzSimon presides over the case. Jennifer E. Cranston, Esq., at Ciardi Ciardi & Astin, P.C., represents the Debtor as bankruptcy counsel. The Debtor tapped Migelouche LLC, as financial advisor. SQUARE ONE: Taps Latham Shuker as Legal Counsel ----------------------------------------------- Square One Development, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Latham, Shuker, Eden & Beaudine, LLP. The firm will serve as legal counsel to Square One Development, LLC and its affiliates in connection with their Chapter 11 cases. Latham will advise the Debtors regarding their duties under the Bankruptcy Code, assist in the preparation of a plan of reorganization, and provide other legal services. The hourly rates charged by the firm range from $350 to $575 for partners, $220 to $290 for associates, and $105 to $160 for paraprofessionals. Latham received an advance fee of $91,000, plus $22,321 for the filing fees. The firm does not represent any interest adverse to the Debtors, according to court filings. Latham can be reached through: R. Scott Shuker, Esq. Latham, Shuker, Eden & Beaudine, LLP P.O. Box 3353 Orlando, FL 32802 Tel: (407) 481-5800 Fax: (407) 481-5801 Email: bknotice@lseblaw.com About Square One Development Headquartered in Tampa, Florida, Square One Development, LLC, is a multi-member Florida limited liability company formed on April 6, 2010. It owns a group of 12 related entities including eight gourmet burger restaurants with operations in West Central Florida. Square One Development, LLC and its affiliates filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Lead Case No. 17-03846) on June 9, 2017. The petitions were signed by William Milner, manager. Square One Winter Park, LLC, an affiliate, estimated its assets and liabilities between $1 million and $10 million. TAKATA CORP: Pachulski to Represent Tort Claimants Panel -------------------------------------------------------- The Official Committee of Unsecured Tort Claimant Creditors in the Chapter 11 cases of TK Holdings, Inc., Takata Americas and their debtor-affiliates, has selected as its bankruptcy counsel: Laura Davis Jones, Esq. James I. Stang, Esq. Pachulski Stang Ziehl & Jones LLP 919 N. Market Street, 17th Floor PO Box 8705 Wilmington, DE 19899 Telephone: (302) 652-4100 Facsimile: (302) 652-4400 E-mail: ljones@pszjlaw.com jstang@pszjlaw.com About Takata Corp Japan-based Takata Corporation (TYO:7312) -- http://www.takata.com/en/-- develops, manufactures and sells safety products for automobiles. The Company offers seatbelts, airbags, steering wheels, child seats and trim parts. Headquartered in Tokyo, Japan, Takata operates 56 plants in 20 countries with approximately 46,000 global employees worldwide. The Company has subsidiaries located in Japan, the United States, Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea, China and other countries. Takata Corp. filed for bankruptcy protection in Tokyo and the U.S., amid recall costs and lawsuits over its defective airbags. Takata and its Japanese subsidiaries commenced proceedings under the Civil Rehabilitation Act in Japan in the Tokyo District Court on June 25, 2017. Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S. and Mexican affiliates each filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-11375) on June 25, 2017. Together with the bankruptcy filings, Takata announced it has reached a deal to sell all its global assets and operations to Key Safety Systems (KSS) for US$1.588 billion. Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese proceedings. Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A., are serving as counsel in the U.S. cases. PricewaterhouseCoopers is serving as financial advisor, and Lazard is serving as investment banker to Takata. Ernst & Young LLP is tax advisor. Prime Clerk is the claims and noticing agent. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, KPMG is serving as financial advisor, Jefferies LLC is acting as lead financial advisor while UBS Investment Bank also provides financial advice to KSS. On June 28, 2017, TK Holdings, as the foreign representative of the Chapter 11 Debtors, obtained an order of the Ontario Superior Court of Justice (Commercial List), among other things, granting a stay of proceedings against the Chapter 11 Debtors pursuant to Part IV of the Companies' Creditors Arrangement Act. The Canadian Court appointed FTI Consulting Canada Inc. as information officer. TK Holdings, as the foreign representative, is represented by McCarthy Tetrault LLP. The U.S. Trustee has appointed an Official Committee of Unsecured Trade Creditors and a separate Official Committee of Tort Claimant. TAKATA CORP: Section 341 Meeting Slated for August 2 ---------------------------------------------------- The United States Trustee for Region 3 will hold a meeting of creditors of TK Holdings Inc. and its debtor affiliates on Aug. 2, 2017, at 10:00 a.m., at 844 King Street, Room 3209, Wilmington, Delaware. This is the first meeting of creditors required under Section 341(a) of the Bankruptcy Code in all bankruptcy cases. All creditors are invited, but not required, to attend. This meeting of creditors offers the one opportunity in a bankruptcy proceeding for creditors to question a responsible office of the Debtor under oath about the company's financial affairs and operations that would be of interest to the general body of creditors. About Takata Corp Japan-based Takata Corporation (TYO:7312) -- http://www.takata.com/en/-- develops, manufactures and sells safety products for automobiles. The Company offers seatbelts, airbags, steering wheels, child seats and trim parts. Headquartered in Tokyo, Japan, Takata operates 56 plants in 20 countries with approximately 46,000 global employees worldwide. The Company has subsidiaries located in Japan, the United States, Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea, China and other countries. Takata Corp. filed for bankruptcy protection in Tokyo and the U.S., amid recall costs and lawsuits over its defective airbags. Takata and its Japanese subsidiaries commenced proceedings under the Civil Rehabilitation Act in Japan in the Tokyo District Court on June 25, 2017. Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S. and Mexican affiliates each filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-11375) on June 25, 2017. Together with the bankruptcy filings, Takata announced it has reached a deal to sell all its global assets and operations to Key Safety Systems (KSS) for US$1.588 billion. Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese proceedings. Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A., are serving as counsel in the U.S. cases. PricewaterhouseCoopers is serving as financial advisor, and Lazard is serving as investment banker to Takata. Ernst & Young LLP is tax advisor. Prime Clerk is the claims and noticing agent. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, KPMG is serving as financial advisor, Jefferies LLC is acting as lead financial advisor while UBS Investment Bank also provides financial advice to KSS. On June 28, 2017, TK Holdings, as the foreign representative of the Chapter 11 Debtors, obtained an order of the Ontario Superior Court of Justice (Commercial List), among other things, granting a stay of proceedings against the Chapter 11 Debtors pursuant to Part IV of the Companies' Creditors Arrangement Act. The Canadian Court appointed FTI Consulting Canada Inc. as information officer. TK Holdings, as the foreign representative, is represented by McCarthy Tetrault LLP. The U.S. Trustee has appointed an Official Committee of Unsecured Trade Creditors and a separate Official Committee of Tort Claimant. TAKATA CORP: U.S. Trustee Forms Tort Claimants Committee -------------------------------------------------------- The Office of the U.S. Trustee on July 7 appointed seven claimants to serve on the committee of unsecured tort claimants in the Chapter 11 cases of Takata Corp.'s subsidiaries including TK Holdings Inc. The committee members are: (1) Charon Berg 2435 Bedford Street, Unit 21-C Stamford, CT 08905 (2) Heidi Mauro 73 W Wild Blueberry Way Santa Rosa Beach, FL 32459 (3) Janice Krasulja Yaini Campo as Guardian Ad Litem 936 Madison Avenue Patterson, NJ 07501 (4) Danny Tyrus Barnes 2604 S. Chatham Court Wintersville, NC 28590 (5) Alexander Bowers 408 Old Central Road, Apt 4 Clemson, South Carolina 29631 (6) Angelina Sujata 230 Pelham Road, Apt 10 Greenville, SC 29615 (7) Adrian Pielago 3501 SW 105th Avenue Miami, FL 33165 Official creditors' committees have the right to employ legal and accounting professionals and financial advisors, at a debtor's expense. They may investigate the debtor's business and financial affairs. Importantly, official committees serve as fiduciaries to the general population of creditors they represent. The Official Committee of Unsecured Tort Claimant Creditors has selected Laura Davis Jones, Esq., and James I. Stang, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware, as its bankruptcy counsel. About Takata Corp Japan-based Takata Corporation (TYO:7312) -- http://www.takata.com/en/-- develops, manufactures and sells safety products for automobiles. The Company offers seatbelts, airbags, steering wheels, child seats and trim parts. Headquartered in Tokyo, Japan, Takata operates 56 plants in 20 countries with approximately 46,000 global employees worldwide. The Company has subsidiaries located in Japan, the United States, Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea, China and other countries. Takata Corp. filed for bankruptcy protection in Tokyo and the U.S., amid recall costs and lawsuits over its defective airbags. Takata and its Japanese subsidiaries commenced proceedings under the Civil Rehabilitation Act in Japan in the Tokyo District Court on June 25, 2017. Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S. and Mexican affiliates each filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-11375) on June 25, 2017. Together with the bankruptcy filings, Takata announced it has reached a deal to sell all its global assets and operations to Key Safety Systems (KSS) for US$1.588 billion. Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese proceedings. Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A., are serving as counsel in the U.S. cases. PricewaterhouseCoopers is serving as financial advisor, and Lazard is serving as investment banker to Takata. Ernst & Young LLP is tax advisor. Prime Clerk is the claims and noticing agent. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, KPMG is serving as financial advisor, Jefferies LLC is acting as lead financial advisor while UBS Investment Bank also provides financial advice to KSS. On June 28, 2017, TK Holdings, as the foreign representative of the Chapter 11 Debtors, obtained an order of the Ontario Superior Court of Justice (Commercial List), among other things, granting a stay of proceedings against the Chapter 11 Debtors pursuant to Part IV of the Companies' Creditors Arrangement Act. The Canadian Court appointed FTI Consulting Canada Inc. as information officer. TK Holdings, as the foreign representative, is represented by McCarthy Tetrault LLP. The U.S. Trustee has appointed an Official Committee of Unsecured Trade Creditors and a separate Official Committee of Tort Claimant. The Official Committee of Unsecured Creditors has selected Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F. Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington, Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York; and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Washington, D.C., as its bankruptcy counsel. TAKATA CORP: U.S. Trustee Forms Trade Creditors Committee --------------------------------------------------------- The Office of the U.S. Trustee on July 7 appointed five creditors to serve on the committee of unsecured trade creditors in the Chapter 11 cases of Takata Corp.'s subsidiaries including TK Holdings Inc. The committee members are: (1) XPO Logistics Worldwide, Inc. Attn: Richard EF Valitutto 4035 Piedmont Parkway High Point, NC 27265 Phone: 336-232-4128 Fax: 336-882-8249 (2) O & S California, Inc. Attn: Jose Luis Furlong 9731 Siempra Viva Rd., Suite E San Diego, CA 92154 Phone: 619-988-2901 Fax: 619-661-1900 (3) Mitsubishi Chemical Performance Polymers, Inc. Attn: Steve Gregory 42001 Hood Road Greer, SC 29652 Phone: 864-879-5965 (4) Anderson Quality Spring Manufacturing, Inc. Attn: Andrew Johnston, 125 S. Hazel Dell Way Canby, OR 97013 Phone: (503)267-3517 Fax (360)566-2633 (5) Olson Metal Products, LLC Attn: Norman Sachs 511 W. Algonquin Road Arlington Heights, IL 60005 Phone: 847-981-7500 Fax: 847-981-0772 Official creditors' committees have the right to employ legal and accounting professionals and financial advisors, at a debtor's expense. They may investigate the debtor's business and financial affairs. Importantly, official committees serve as fiduciaries to the general population of creditors they represent. The Official Committee of Unsecured Creditors has selected Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F. Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington, Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York; and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Washington, D.C., as its bankruptcy counsel. About Takata Corp Japan-based Takata Corporation (TYO:7312) -- http://www.takata.com/en/-- develops, manufactures and sells safety products for automobiles. The Company offers seatbelts, airbags, steering wheels, child seats and trim parts. Headquartered in Tokyo, Japan, Takata operates 56 plants in 20 countries with approximately 46,000 global employees worldwide. The Company has subsidiaries located in Japan, the United States, Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea, China and other countries. Takata Corp. filed for bankruptcy protection in Tokyo and the U.S., amid recall costs and lawsuits over its defective airbags. Takata and its Japanese subsidiaries commenced proceedings under the Civil Rehabilitation Act in Japan in the Tokyo District Court on June 25, 2017. Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S. and Mexican affiliates each filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-11375) on June 25, 2017. Together with the bankruptcy filings, Takata announced it has reached a deal to sell all its global assets and operations to Key Safety Systems (KSS) for US$1.588 billion. Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese proceedings. Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A., are serving as counsel in the U.S. cases. PricewaterhouseCoopers is serving as financial advisor, and Lazard is serving as investment banker to Takata. Ernst & Young LLP is tax advisor. Prime Clerk is the claims and noticing agent. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, KPMG is serving as financial advisor, Jefferies LLC is acting as lead financial advisor while UBS Investment Bank also provides financial advice to KSS. On June 28, 2017, TK Holdings, as the foreign representative of the Chapter 11 Debtors, obtained an order of the Ontario Superior Court of Justice (Commercial List), among other things, granting a stay of proceedings against the Chapter 11 Debtors pursuant to Part IV of the Companies' Creditors Arrangement Act. The Canadian Court appointed FTI Consulting Canada Inc. as information officer. TK Holdings, as the foreign representative, is represented by McCarthy Tetrault LLP. The U.S. Trustee has appointed an Official Committee of Unsecured Trade Creditors and a separate Official Committee of Tort Claimant. The Official Committee of Unsecured Tort Claimant Creditors has selected Laura Davis Jones, Esq., and James I. Stang, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware, as its bankruptcy counsel. TAKATA CORP: Whiteford Taylor, Milbank Represent Creditors Panel ---------------------------------------------------------------- The newly minted Official Committee of Unsecured Creditors in the Chapter 11 cases of TK Holdings, Inc., Takata Americas and their debtor-affiliates, has selected these law firms as bankruptcy counsel: Christopher M. Samis, Esq. L. Katherine Good, Esq. Kevin F. Shaw, Esq. WHITEFORD, TAYLOR & PRESTON LLC The Renaissance Centre 405 North King Street, Suite 500 Wilmington, Delaware 19801 Telephone: (302) 353-4144 Email: csamis@wtplaw.com kgood@wtplaw.com kshaw@wtplaw.com - and - Dennis F. Dunne, Esq. Abhilash M. Raval, Esq. Tyson Lomazow, Esq. MILBANK TWEED HADLEY & McCLOY LLP 28 Liberty St. New York, New York 10005 Telephone: (212) 530-5367 Facsimile: (212) 822-5367 Email: ddunne@milbank.com araval@milbank.com tlomazow@milbank.com - and - Andrew M. Leblanc, Esq. MILBANK, TWEED, HADLEY & McCLOY LLP 1850 K. Street, NW Suite 1100 Washington, DC 20006 Telephone: (202) 835-7574 Facsimile: (202) 263-7574 Email: aleblanc@milbank.com About Takata Corp Japan-based Takata Corporation (TYO:7312) -- http://www.takata.com/en/-- develops, manufactures and sells safety products for automobiles. The Company offers seatbelts, airbags, steering wheels, child seats and trim parts. Headquartered in Tokyo, Japan, Takata operates 56 plants in 20 countries with approximately 46,000 global employees worldwide. The Company has subsidiaries located in Japan, the United States, Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea, China and other countries. Takata Corp. filed for bankruptcy protection in Tokyo and the U.S., amid recall costs and lawsuits over its defective airbags. Takata and its Japanese subsidiaries commenced proceedings under the Civil Rehabilitation Act in Japan in the Tokyo District Court on June 25, 2017. Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S. and Mexican affiliates each filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-11375) on June 25, 2017. Together with the bankruptcy filings, Takata announced it has reached a deal to sell all its global assets and operations to Key Safety Systems (KSS) for US$1.588 billion. Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese proceedings. Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A., are serving as counsel in the U.S. cases. PricewaterhouseCoopers is serving as financial advisor, and Lazard is serving as investment banker to Takata. Ernst & Young LLP is tax advisor. Prime Clerk is the claims and noticing agent. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, KPMG is serving as financial advisor, Jefferies LLC is acting as lead financial advisor while UBS Investment Bank also provides financial advice to KSS. On June 28, 2017, TK Holdings, as the foreign representative of the Chapter 11 Debtors, obtained an order of the Ontario Superior Court of Justice (Commercial List), among other things, granting a stay of proceedings against the Chapter 11 Debtors pursuant to Part IV of the Companies' Creditors Arrangement Act. The Canadian Court appointed FTI Consulting Canada Inc. as information officer. TK Holdings, as the foreign representative, is represented by McCarthy Tetrault LLP. The U.S. Trustee has appointed an Official Committee of Unsecured Trade Creditors and a separate Official Committee of Tort Claimant. TOISA LIMITED: Claims Bar Date Set for August 8 ----------------------------------------------- The U.S. Bankruptcy Court for the Southern District of New York set Aug. 8, 2017, at 5:00 p.m. (Eastern Time) as the last date and time for all entities holding claims against Toisa Limited et al. to file their proofs of claim. The Court set July 28, 2017, at 5:00 p.m. (Eastern Time) as the deadline for governmental units to file their proofs of claim against the Debtors. All proofs of claim must be mailed at these address: Toisa Limited et al., Claims Processing Center c/o Kurtzman Carson Consultants 2335 Alaska Avenue El Segundo, CA 90245 Alternatively, proofs of claim maybe submitted electronically through the claim's agent website at http://www.kccllc.net/toisa. About Toisa Limited Toisa Limited owns and operates offshore support vessels for the oil and gas industry. Toisa Limited and its affiliates filed Chapter 11 bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 17-10184) on Jan. 29, 2017. The petitions were signed by Richard W. Baldwin, deputy chairman. In its petition, Toisa Limited estimated $1 billion to $10 billion in both assets and liabilities. The cases are assigned to Judge Shelley C. Chapman. Togut, Segal & Segal LLP serves as bankruptcy counsel to the Debtors. The Debtors hired PJT Partners LP as investment banker; Scura Paley Securities LLC as financial advisor; and Kurtzman Carson Consultants LLC as administrative agent, and claims and noticing agent. On May 18, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. The committee proposed to retain Sheppard Mullin Richter & Hampton LLP as its counsel. TRAVELLER'S REST: Taps Henry & O'Donnell as Legal Counsel --------------------------------------------------------- Traveller's Rest, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Henry & O'Donnell, P.C. to give legal advice regarding its duties under the Bankruptcy Code, and provide other legal services related to its Chapter 11 case. The hourly rates charged by the firm for the services of its attorneys range from $400 to $525. Henry & O'Donnell received a retainer from the Debtor in the amount of $20,221. Jeffery Martin, Jr., Esq., principal and officer of Henry & O'Donnell, disclosed in a court filing that his firm does not represent any interest adverse to the Debtor or its estate. The firm can be reached through: Bruce W. Henry, Esq. Kevin M. O'Donnell, Esq. Jeffery T. Martin, Jr., Esq. Henry & O'Donnell, P.C. 300 N. Washington St., Suite 204 Alexandria, VA 22314 Tel: 703-548-2100 About Traveller's Rest LLC Based in Middleburg, Virginia, Traveller's Rest, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 17-12061) on June 15, 2017. The petition was signed by Thomas Nelson Gunnell, managing member of TR Management, LLC. TRM is the manager of Traveller's Rest. At the time of the filing, the Debtor disclosed that it had estimated assets of $10 million to $50 million and liabilities of $1 million to $10 million. Judge Brian F. Kenney presides over the case. TRILOGY ENERGY: S&P Puts B- Long-Term CCR on CreditWatch Positive ----------------------------------------------------------------- S&P Global Ratings said it placed its 'B-' long-term corporate credit and 'B' senior unsecured debt rating on Trilogy Energy Corp. on CreditWatch with positive implications. The CreditWatch placement follows the announcement that Paramount Resources Ltd. has agreed to merge with Trilogy through a share exchange of one Paramount share for every 3.75 Trilogy shares. In addition, Paramount announced it has agreed to acquire Apache Canada Ltd. from Apache Corp. for C$459.5 million with cash on hand. Paramount expects to close the Apache acquisition August 2017 and the merger with Trilogy by September. The merger is conditional upon, among other things, the completion of the Apache acquisition. The CreditWatch placement reflects the potential for the transaction to be credit positive for Trilogy. The combined entity would have large scale, scope, diversification, and operating efficiency. It would have daily production of about 90,000 barrel of oil equivalent (boe) per day in fourth-quarter 2017 and proved reserves of more than 344 million boe. In addition, the transactions do not involve new debt, so S&P believes the combined entity could also have a stronger financial risk profile. S&P said, "The CreditWatch placement indicates our view that the transaction will likely improve Trilogy's overall credit quality, potentially resulting in a multiple-notch upgrade. We expect to resolve the CreditWatch by September 2017, by which point the transaction should be complete. Should the transaction not occur, we will reassess Paramount's credit profile." UNILIFE CORP: Sanofi Winthrop Objects to Lowenstein Retention ------------------------------------------------------------- BankruptcyData.com reported that Sanofi Winthrop Industries filed with the U.S. Bankruptcy Court an objection to Unilife Corporation's official committee of unsecured creditors' motion to retain Lowenstein Sandler as counsel. The objection asserts, "Given Lowenstein Sandler's previous representation of Sanofi in connection with the Debtors and Lowenstein Sandler's failure to seek -- let alone receive -- a written waiver of that conflict of interest from Sanofi, the proposed retention as counsel to the Committee should be denied. Indeed, it was Mr. Etkin himself -- the declarant espousing Lowenstein Sandler's disinterestedness and lack of disqualifying conflicts -- who represented Sanofi in connection with its relationship with the Debtors. The application proposes that Schnader Harrison will serve as conflicts counsel, including with respect to matters related to Sanofi. This is not a sufficient remedy for the actual conflict of interest, given the role Sanofi is playing in these cases, including in the sale process. Sanofi is a central constituency in these cases and Mr. Etkin and Lowenstein Sandler are privy to Sanofi's proprietary, confidential information and strategies in connection with these cases. Lowenstein Sandler's past representation of Sanofi pertained to directly related matters, thus, neither Mr. Etkin nor Lowenstein Sandler would be able, as any other lawyer would not be able, to compartmentalize their knowledge of Sanofi's confidential information from the broader Committee issues, and Sanofi issues, in these cases." About Unilife Corporation Unilife Corporation -- http://www.unilife.com-- is a U.S.-based developer and commercial supplier of injectable drug delivery systems. Unilife has a portfolio of innovative, differentiated products with a primary focus on wearable injectors. Products within each platform are customizable to address specific customer, drug and patient requirements. Unilife Corporation filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No. 17-10805) on April 12, 2017. John Ryan, chief executive officer, signed the petition. The Hon. Laurie Selber Silverstein presides over the case. Cozen O'Connor serves as counsel to the Debtor. The Debtor disclosed total assets of $82.98 million and total liabilities of $201.0 million. An official committee of unsecured creditors has been appointed in the case. The panel is seeking to retain Lowenstein Sandler LLP as counsel. UTE MESA LOT 2: Taps Shumaker Loop as Legal Counsel --------------------------------------------------- Ute Mesa Lot 2, LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Shumaker, Loop & Kendrick LLP to, among other things, give legal advice regarding its duties under the Bankruptcy Code, and assist in the preparation of a plan of reorganization. The Debtor has agreed to pay a fee and cost retainer in the amount of $100,000. Prior to its bankruptcy filing, the Debtor paid the firm $25,000, a portion of which was used prior to the filing of the petition for work rendered through July 5. Shumaker has agreed to receive the balance of the $100,000 retainer, subject to court approval. Steven Berman, Esq., disclosed in a court filing that the firm's attorneys do not represent any interest adverse to the Debtor or its estate. The firm can be reached through: Steven M. Berman, Esq. Shumaker, Loop & Kendrick, LLP 101 E. Kennedy Blvd., Suite 2800 Tampa, Florida 33602 Phone: (813) 229-7600 Fax: (813) 229-1660 Email: sberman@slk-law.com About Ute Mesa Lot 2 LLC Based in Aspen, Colorado, Ute Mesa Lot 2, LLC is a single asset real estate as defined in 11 U.S.C. Section 101(51B). The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 17-16194) on July 6, 2017. Leathem Stearn, manager, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets and liabilities of $10 million to $50 million. Judge Michael E. Romero presides over the case. V-BLOX CORP: Plan Confirmation Hearing on Aug. 2 ------------------------------------------------ The Hon. Paul M. Glenn of the U.S. Bankruptcy Court for the Middle District of Florida has conditionally approved V-Blox Corporation's disclosure statement dated June 22, 2017, referring to the Debtor's Chapter 11 plan dated June 22, 2017. The Court has scheduled for Aug. 2, 2017, at 10:00 a.m. a hearing on the final approval of the Disclosure Statement confirmation of the Plan. Any objections to Disclosure Statement or plan confirmation must be filed seven days before the confirmation hearing. Creditors and other parties in interest must file with the Court their ballots accepting or rejecting the Plan no later than 10 days before the confirmation hearing. About V-Blox Corporation V-Blox Corporation's business operations involve selling equipment and maintenance to businesses in order to reduce their energy costs. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-00628) on Feb. 24, 2017. The petition was signed by David T. Mulvaney, president. At the time of the filing, the Debtor estimated assets and liabilities of less than $500,000. Jason A. Burgess, Esq., at The Law Offices of Jason A. Burgess, LLC, serves as the Debtor's bankruptcy counsel. WELLMAN DYNAMICS: Taps Clark Hill as Special Environmental Counsel ------------------------------------------------------------------ Wellman Dynamics Corporation seeks approval from the U.S. Bankruptcy Court for the Southern District of Iowa to hire the Clark Hill Law Firm as its special environmental counsel. The firm will advise the Debtor with respect to its facilities in Creston, Iowa, and assist in its negotiations with the Iowa Department of Natural Resources and the Iowa Department of Public Health with respect to the facilities. The hourly rates charged by the firm range from $180 to $650 for the services of its attorneys, and from $80 to $195 for its legal assistants. Mark Steger, Esq., the principal attorney who will be representing the Debtor, will charge $475 per hour. Clark Hill is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Mark J. Steger, Esq. Clark Hill Law Firm 130 East Randolph Street, Suite 3900 Chicago, IL 60601 Tel: 312-985-5900 Fax: 312-985-5999 About Fansteel and Affiliates Headquartered in Creston, Iowa, Fansteel, Inc., operates four business units at four locations in the USA and one in Mexico with a workforce of more than 600 employees. Fansteel generated approximately $87.4 million in revenue in 2015 on a consolidated basis. Wellman Dynamics Corporation contributed 67% of Fansteel's sales. The rest of the sales are generated from Intercast, a division of Fansteel, and other non-debtor subsidiaries. Fansteel, Wellman Dynamics and Wellman Dynamics Machinery & Assembly, Inc. filed Chapter 11 petitions (Bankr. S.D. Iowa Case Nos. 16-01823, 16-01825 and 16-01827) on Sept. 13, 2016. The petitions were signed by Jim Mahoney, CEO. The cases are assigned to Judge Anita L. Shodeen. The Debtors disclosed total assets of $32.9 million and total debt of $41.97 million. The companies tapped Jeffrey D. Goetz, Esq., and Krystal R. Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C., as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset Partners, LLC as business broker; and Mark J. Steger, Esq., at the Clark Hill Law Firm as Environmental Counsel. The companies filed motions to jointly administer the cases pursuant to Bankruptcy Rule 1015(b), and the court ordered the joint administration on Oct. 17, 2016. The court subsequently entered an order on May 24, 2017, vacating its Oct. 17 order and discontinuing the joint administration of the cases under the lead case of Fansteel. On Sept. 23, 2016, the U.S. Trustee for Region 12 appointed an official committee of unsecured creditors in Fansteel's bankruptcy case. The committee retained Morris Anderson & Associates, Ltd., as financial advisor; and Archer & Greiner, P.C. and Nyemaster Goode, P.C., as counsel. In March 2017, the U.S. trustee announced that the unsecured creditors' committee of Fansteel would no longer serve as the official committee in its case and that it would be reconstituted as the official committee of unsecured creditors in the Chapter 11 cases of Wellman Dynamics and Wellman Dynamics Machinery. As of March 22, 2017, a new creditors' committee has not yet been appointed in Fansteel's bankruptcy case. Wellman Dynamics filed a Chapter 11 plan of reorganization and disclosure statement on January 11, 2017. On May 8, 2017, the creditors' committee of Wellman Dynamics filed a Chapter 11 plan of liquidation for the company. WEST WINDOWS: Taps Heriberto Acevedo as Accountant -------------------------------------------------- West Window Films Corp. and Eric William Toro, the company's president, have filed an application seeking court approval to hire an accountant. In a filing with the U.S. Bankruptcy Court in Puerto Rico, the Debtors propose to hire Heriberto Reguero Acevedo to prepare their financial statements, cash flow projections, monthly operating reports and tax returns, and provide other accounting services related to their Chapter 11 cases Mr. Acevedo will charge an hourly fee of $150 while his associates who may assist him will charge $75 per hour. In a court filing, Mr. Acevedo disclosed that he and his employees and associates are "disinterested" as defined in section 101(14) of the Bankruptcy Code. Mr. Acevedo maintains an office at: Heriberto Reguero Acevedo 105 Avenue Borinquen Base Ramey Aguadilla, PR 00603 About West Windows Films Corp. West Window Films Corp. and Eric William Maurosa Toro, the company's president, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. P.R. Case Nos. 17-03607 and 17-03604) on May 23, 2017. Mr. Toro signed the petitions. The cases are substantially consolidated pursuant to an order issued on June 16, 2017. At the time of the filing, West Window disclosed that it had estimated assets of less than $100,000 and liabilities of less than $500,000. The Debtors are represented by Gloria Justiniano Irizarry, Esq., at the Justiniano's Law Office. WESTMOUNTAIN GOLD: Unsecureds to Get 7-12 Cents Per Dollar ---------------------------------------------------------- WestMountain Gold, Inc., and Terra Gold Corporation filed with the U.S. Bankruptcy Court for the District of Colorado a disclosure statement dated June 26, 2017, to accompany the Debtors' plan of reorganization dated June 26, 2017. Class 3 Unsecured Creditors are impaired by the Plan and holders will have these options: Option 1 -- $.07 per dollar of claim, paid once Plan is confirmed; Option 2 -- $.12 per dollar of claim, paid within five years; And Option 3 -- .15 share of new common stock per dollar of claim up to class maximum of 11.3% of new common stock. The Plan will be primarily funded from the New Capital investment in the Debtor based on debtor in possession financing provided during the case and new equity invested at the time the Plan is confirmed. It is a requirement of the Plan that the combination of new debtor-in-possession financing and new equity investments will total at least $3 million and range up to $4 million. The Debtor is expecting a combination of financing and new equity of approximately $3.5 million. In addition, the Debtors expect to be in a position to process approximately 1,000 tons of materials which were gathered from bulk surface sampling during 2016. The gross revenues, before processing expenses from milling this material is estimated at between $500,000 and $1,000,000. The capital structure of WestMountain will be significantly changed as a result of Plan confirmation. The BOCO secured claim which now approximates $8.7 million on a pre-petition basis will be limited to the amount of $5 million on a secured basis, in Class 2. The balance of the claim in the amount of approximately $3.7 million will be treated as unsecured debt in Class 3. In order to assist in facilitating the Plan, the BOCO secured claim will accrue interest at the rate of 200 basis points over the yield on a 10-year U.S. Treasury Bond. The interest and principal will not be due and payable until the 5-year anniversary of the Plan effective date. The term of the secured claim may be extended for 2 years upon payment of one half of the interest due at the end of 5 years. The ownership structure of WestMountain will be changed to reduce the common stock ownership of the current stockholders from 100% to 1.9% of the outstanding Common Stock following the Effective Date of the Plan. Preferred shareholders will be provided with .7% of the New Common Stock. Unsecured creditors will be entitled to select an Option under the Plan where they can exchange their claims for .15 share of New Common Stock up to a maximum allocation of 1 1.3% of the New Common Stock for the electing creditors in the unsecured Class 3. The balance of the New Common Stock that will be issued approximately 86.1% to those creditors who elect to provide the New Capital to the Debtor in the amount of between $3 and $4 million. A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/cob17-11527-140.pdf As reported by the Troubled Company Reporter on July 3, 2017, BankruptcyData.com reported that WestMountain Gold filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, "the Plan will be primarily funded from the New Capital investment in the Debtor based on debtor in possession financing provided during the case and new equity invested at the time the Plan is confirmed." About Westmountain Gold Based in Fort Collins, Colorado, WestMountain Gold, Inc., is a precious metals exploration company. Its major project is known as the Terra or TMC Project, which consists of a gold mining operation in Alaska. WestMountain Gold, Inc., and Terra Gold Corporation sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Lead Case No. 17-11527) on March 1, 2017. The petitions were signed by Rick Bloom, authorized representative. At the time of the filing, the Debtors estimated their assets and debts at $1 million to $10 million. Kutner Brinen, P.C., is serving as bankruptcy counsel to the Debtors. Holland & Hart LLP, Schwabe Williamson & Wyatt, P.C., and Thrasher Worth LLC have been tapped as special counsel to the Debtors. XCELERATED LLC: Taps Bingham Greenebaum as Legal Counsel -------------------------------------------------------- Xcelerated, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Kentucky to hire legal counsel in connection with its Chapter 11 case. The Debtor proposes to hire Bingham Greenebaum Doll LLP to, among other things, give legal advice regarding its duties under the Bankruptcy Code, assist in the negotiations of financing transactions, advise on any potential property disposition, and prepare a plan of reorganization. The attorneys and paraprofessionals who will be primarily responsible for representing the Debtor are: James Irving Partner $340 Raja Patil Partner $305 April Wimberg Associate $250 Michael McGee Associate $230 Christopher Madden Associate $200 Susan Mays Paralegal $195 The firm received a retainer from the Debtor in the amount of $38,000. James Irving, Esq., disclosed in a court filing that his firm does not represent any entity which has an adverse interest in connection with the Debtor's bankruptcy case. The firm can be reached through: James R. Irving, Esq. Bingham Greenebaum Doll LLP 3500 National City Tower 101 South Fifth Street Louisville, KY 40202 Tel: (502) 587-3606 Email: jirving@bgdlegal.com About Xcelerated LLC Xcelerated, LLC -- http://www.xcelerated.com-- is a provider of data hygiene and data enhancement services including Black Book, Blue Book, C.A.R.S. and AutoVINdication. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ky. Case No. 17-20886) on June 29, 2017. Pam Lang, managing member, signed the petition. At the time of the filing, the Debtor disclosed it had estimated assets of less than $1 million and liabilities of $1 million to $10 million. YMCA OF MARQUETTE: Committee Taps Wardrop as Legal Counsel ---------------------------------------------------------- The official committee of unsecured creditors of Young Mens Christian Association of Marquette County seeks court approval to hire legal counsel. In a filing with the U.S. Bankruptcy Court for the Western District of Michigan, the committee proposes to hire Wardrop & Wardrop P.C. to, among other things, give legal advice regarding the Debtor's Chapter 11 case, assist in any potential sale of its assets, investigate its pre-bankruptcy deals, and analyze any proposed plan or exit strategy. Robert Wardrop II, Esq., and Denise Twinney, Esq., the attorneys expected to represent the committee, will charge $350 per hour and $250 per hour, respectively. Wardrop does not represent any interest adverse to the committee, the Debtor and its estate, according to court filings. The firm can be reached through: Robert F. Wardrop II, Esq. Wardrop & Wardrop P.C. 300 Ottawa Avenue, NW, Suite 150 Grand Rapids, MI 49503 Phone: (616) 459-1225 About YMCA Marquette County Young Mens Christian Association of Marq has principal assets located at 1420 Pine St Marquette, Michigan. Young Mens Christian Association of Marq filed a Chapter 11 petition (Bankr. W.D. Mich. Case No. 17-90131) on May 5, 2017. Jenna Zdunek, chief executive director, signed the petition. The Debtor estimated assets and liabilities between $1 million and $10 million. The case is assigned to Judge Scott W. Dales. The Debtor is represented by Timothy C. Quinnell, Esq., at Quinnell Law Firm, PLLC. On June 9, 2017, the U.S. trustee for Region 9 appointed an official committee of unsecured creditors. ZUCKER GOLDBERG: Panel Wants Tseitlin to Pursue Avoidance Claims ---------------------------------------------------------------- Zucker, Goldberg & Ackerman LLC's official committee of unsecured creditors has filed an application seeking approval from the U.S. Bankruptcy Court in New Jersey to modify the terms of employment of Tseitlin & Glas, P.C. The request, if granted by the court, would allow the committee's special counsel to pursue avoidance actions. Tseitlin & Glas will pursue avoidance actions against non-insiders on a 20% contingency fee basis, and against insiders of the Debtor on a 30% contingency fee basis, according to the filing. Prior to the filing of the application, the committee was given standing to pursue avoidance actions on behalf of the Debtor's estate. Moreover, the Debtor's Chapter 11 plan, which is scheduled for confirmation on July 14, proposes the appointment of Eduardo Glas, Esq., a principal at Tseitlin & Glas, as plan administrator. Under the plan, it is contemplated that the administrator may pursue avoidance actions and be paid on a contingency basis. About Zucker, Goldberg & Ackerman, LLC Formed in 1923 as Zucker & Goldberg, the law firm Zucker, Goldberg & Ackerman, LLC, was primarily engaged in the representation of lenders and secured parties in foreclosure matters, insolvency proceedings and related matters. The sole members of ZGA are Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S. Ackerman is the managing member of the firm. ZGA's primary offices are in Mountainside, New Jersey. Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection (Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on Aug. 3, 2015, to complete the orderly liquidation of the business. The case is assigned to Judge Christine M. Gravelle. The Debtor disclosed total assets of $11.5 million and total liabilities of $53.3 million as of June 30, 2015. ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel; Genova Burns as labor counsel; Stone Conroy, LLC and Connell Foley, LLP as special counsel; and BMC Group, Inc., as noticing and balloting agent. On Aug. 17, 2015, an official committee of unsecured creditors was appointed by the Office of the U.S. Trustee. The committee hired McCarter & English, LLP as its legal counsel, and Tseitlin & Glas, P.C., as its special counsel. * * * The Debtor in December 2015 filed a "Plan of Orderly Liquidation" which provides for the wind down of the firm's business. The plan was put on hold pending the issuance of a report by the examiner. The court on Feb. 8, 2016, entered an order approving the appointment of former bankruptcy judge Donald H. Steckroth, Esq., as examiner. The creditors committee sought an examiner to investigate possible claims against current and former members of the bankrupt foreclosure law firm and related "insiders." Cole Schotz, P.C. is the examiner's legal counsel. [^] Large Companies with Insolvent Balance Sheet ------------------------------------------------ Total Share- Total Total Holders' Working Assets Equity Capital Company Ticker ($MM) ($MM) ($MM) ------- ------ ------ -------- ------- ABSOLUTE SOFTWRE ALSWF US 93.1 (50.1) (33.4) ABSOLUTE SOFTWRE OU1 GR 93.1 (50.1) (33.4) ABSOLUTE SOFTWRE ABT CN 93.1 (50.1) (33.4) ABSOLUTE SOFTWRE ABT2EUR EU 93.1 (50.1) (33.4) ADOMANI INC ADOM US 3.2 (2.9) (3.6) ADOMANI INC A9T GR 3.2 (2.9) (3.6) ADOMANI INC ADOMEUR EU 3.2 (2.9) (3.6) AMER RESTAUR-LP ICTPU US 33.5 (4.0) (6.2) APPIAN CORP APPN US 96.5 (11.8) 12.9 APPIAN CORP 910 GR 96.5 (11.8) 12.9 APPIAN CORP 910 QT 96.5 (11.8) 12.9 ASPEN TECHNOLOGY AZPN US 244.0 (249.5) (280.2) ASPEN TECHNOLOGY AST GR 244.0 (249.5) (280.2) ASPEN TECHNOLOGY AST TH 244.0 (249.5) (280.2) ASPEN TECHNOLOGY AZPNEUR EU 244.0 (249.5) (280.2) ATHENEX INC ATNX US 100.5 (3.6) 3.9 ATHENEX INC 2MT GR 100.5 (3.6) 3.9 ATHENEX INC ATNXEUR EU 100.5 (3.6) 3.9 AUTOZONE INC AZO US 9,028.3 (1,714.2) (286.3) AUTOZONE INC AZ5 TH 9,028.3 (1,714.2) (286.3) AUTOZONE INC AZ5 GR 9,028.3 (1,714.2) (286.3) AUTOZONE INC AZOEUR EU 9,028.3 (1,714.2) (286.3) AUTOZONE INC AZ5 QT 9,028.3 (1,714.2) (286.3) AVID TECHNOLOGY AVID US 250.4 (268.9) (81.7) AVID TECHNOLOGY AVD GR 250.4 (268.9) (81.7) AVON - BDR AVON34 BZ 3,426.2 (358.2) 498.0 AVON PRODUCTS AVP US 3,426.2 (358.2) 498.0 AVON PRODUCTS AVP TH 3,426.2 (358.2) 498.0 AVON PRODUCTS AVP GR 3,426.2 (358.2) 498.0 AVON PRODUCTS AVP CI 3,426.2 (358.2) 498.0 AVON PRODUCTS AVP1EUR EU 3,426.2 (358.2) 498.0 AXIM BIOTECHNOLO AXIM US 0.8 (2.9) (2.1) BENEFITFOCUS INC BNFT US 172.0 (34.2) 18.2 BENEFITFOCUS INC BTF GR 172.0 (34.2) 18.2 BLUE BIRD CORP BLBD US 309.3 (82.2) 8.9 BOMBARDIER INC-B BBDBN MM 23,112.0 (3,555.0) 1,258.0 BOMBARDIER-B OLD BBDYB BB 23,112.0 (3,555.0) 1,258.0 BOMBARDIER-B W/I BBD/W CN 23,112.0 (3,555.0) 1,258.0 BONANZA CREEK EN BCEI US 1,135.2 (73.8) (160.1) BONANZA CREEK EN B2CN GR 1,135.2 (73.8) (160.1) BONANZA CREEK EN B2CN QT 1,135.2 (73.8) (160.1) BONANZA CREEK EN BCEI1EUR EU 1,135.2 (73.8) (160.1) BRINKER INTL EAT US 1,403.1 (498.7) (289.1) BRINKER INTL BKJ GR 1,403.1 (498.7) (289.1) BRINKER INTL EAT2EUR EU 1,403.1 (498.7) (289.1) BROOKFIELD REAL BRE CN 99.6 (33.1) 1.6 BUFFALO COAL COR BUC SJ 51.5 (21.4) (19.6) BURLINGTON STORE BURL US 2,558.9 (40.9) (32.6) BURLINGTON STORE BUI GR 2,558.9 (40.9) (32.6) BURLINGTON STORE BURL* MM 2,558.9 (40.9) (32.6) CADIZ INC CDZI US 62.0 (57.7) 7.1 CADIZ INC 2ZC GR 62.0 (57.7) 7.1 CAESARS ENTERTAI CZR US 14,812.0 (1,926.0) (3,266.0) CAESARS ENTERTAI C08 GR 14,812.0 (1,926.0) (3,266.0) CAESARS ENTERTAI CZREUR EU 14,812.0 (1,926.0) (3,266.0) CALIFORNIA RESOU CRC US 6,237.0 (447.0) (279.0) CALIFORNIA RESOU 1CLB GR 6,237.0 (447.0) (279.0) CALIFORNIA RESOU CRCEUR EU 6,237.0 (447.0) (279.0) CALIFORNIA RESOU 1CL TH 6,237.0 (447.0) (279.0) CALIFORNIA RESOU 1CLB QT 6,237.0 (447.0) (279.0) CAMBIUM LEARNING ABCD US 124.3 (58.5) (69.7) CAMPING WORLD-A CWH US 1,811.9 (2.9) 332.2 CAMPING WORLD-A C83 GR 1,811.9 (2.9) 332.2 CAMPING WORLD-A CWHEUR EU 1,811.9 (2.9) 332.2 CARDCONNECT CORP CCN US 168.8 (3.4) 21.3 CARDCONNECT CORP 55C GR 168.8 (3.4) 21.3 CARDCONNECT CORP CCNEUR EU 168.8 (3.4) 21.3 CASELLA WASTE WA3 GR 621.2 (23.2) 3.3 CASELLA WASTE CWST US 621.2 (23.2) 3.3 CASELLA WASTE WA3 TH 621.2 (23.2) 3.3 CASELLA WASTE CWSTEUR EU 621.2 (23.2) 3.3 CEDAR FAIR LP FUN US 1,958.3 (47.6) (105.4) CEDAR FAIR LP 7CF GR 1,958.3 (47.6) (105.4) CHESAPEAKE ENERG CHK US 11,699.0 (1,203.0) (1,428.0) CHESAPEAKE ENERG CS1 GR 11,699.0 (1,203.0) (1,428.0) CHESAPEAKE ENERG CS1 TH 11,699.0 (1,203.0) (1,428.0) CHESAPEAKE ENERG CHK* MM 11,699.0 (1,203.0) (1,428.0) CHESAPEAKE ENERG CS1 QT 11,699.0 (1,203.0) (1,428.0) CHESAPEAKE ENERG CHKEUR EU 11,699.0 (1,203.0) (1,428.0) CHOICE HOTELS CZH GR 904.1 (292.5) 68.8 CHOICE HOTELS CHH US 904.1 (292.5) 68.8 CINCINNATI BELL CBB US 1,474.0 (127.4) 9.3 CINCINNATI BELL CIB1 GR 1,474.0 (127.4) 9.3 CINCINNATI BELL CBBEUR EU 1,474.0 (127.4) 9.3 CLEAR CHANNEL-A C7C GR 5,386.4 (1,234.5) 339.9 CLEAR CHANNEL-A CCO US 5,386.4 (1,234.5) 339.9 CLIFFS NATURAL R CVA GR 1,925.7 (703.0) 503.9 CLIFFS NATURAL R CVA TH 1,925.7 (703.0) 503.9 CLIFFS NATURAL R CLF US 1,925.7 (703.0) 503.9 CLIFFS NATURAL R CLF* MM 1,925.7 (703.0) 503.9 CLIFFS NATURAL R CLF2EUR EU 1,925.7 (703.0) 503.9 COGENT COMMUNICA CCOI US 732.7 (63.6) 248.6 COGENT COMMUNICA OGM1 GR 732.7 (63.6) 248.6 COLGATE-BDR COLG34 BZ 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CL US 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CPA GR 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CL SW 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CL* MM 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CLEUR EU 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CLCHF EU 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CL EU 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CPA TH 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CPA QT 12,448.0 (5.0) 787.0 COLGATE-PALMOLIV CLUSD SW 12,448.0 (5.0) 787.0 CPI CARD GROUP I PMTS US 261.8 (101.9) 52.1 CPI CARD GROUP I PMTS CN 261.8 (101.9) 52.1 DELEK LOGISTICS DKL US 413.6 (19.0) 8.6 DELEK LOGISTICS D6L GR 413.6 (19.0) 8.6 DENNY'S CORP DE8 GR 308.2 (64.7) (45.5) DENNY'S CORP DENN US 308.2 (64.7) (45.5) DOMINO'S PIZZA EZV TH 742.5 (1,853.7) 159.2 DOMINO'S PIZZA EZV GR 742.5 (1,853.7) 159.2 DOMINO'S PIZZA DPZ US 742.5 (1,853.7) 159.2 DOMINO'S PIZZA EZV QT 742.5 (1,853.7) 159.2 DUN & BRADSTREET DB5 GR 2,279.3 (979.5) (139.6) DUN & BRADSTREET DB5 TH 2,279.3 (979.5) (139.6) DUN & BRADSTREET DNB US 2,279.3 (979.5) (139.6) DUN & BRADSTREET DNB1EUR EU 2,279.3 (979.5) (139.6) DUNKIN' BRANDS G 2DB GR 3,196.1 (119.0) 218.1 DUNKIN' BRANDS G DNKN US 3,196.1 (119.0) 218.1 DUNKIN' BRANDS G 2DB TH 3,196.1 (119.0) 218.1 DUNKIN' BRANDS G DNKNEUR EU 3,196.1 (119.0) 218.1 EIGHT DRAGONS CO EDRG US - (0.0) (0.0) ERIN ENERGY CORP ERN SJ 287.4 (250.8) (277.5) EVERI HOLDINGS I EVRI US 1,320.5 (109.6) 4.1 EVERI HOLDINGS I G2C TH 1,320.5 (109.6) 4.1 EVERI HOLDINGS I G2C GR 1,320.5 (109.6) 4.1 EVERI HOLDINGS I EVRIEUR EU 1,320.5 (109.6) 4.1 FAIRPOINT COMMUN FRP US 1,197.9 (74.0) 15.6 FAIRPOINT COMMUN FONN GR 1,197.9 (74.0) 15.6 FERRELLGAS-LP FEG GR 1,679.3 (703.5) (26.2) FERRELLGAS-LP FGP US 1,679.3 (703.5) (26.2) FIFTH STREET ASS FSAM US 191.2 (1.7) - FIFTH STREET ASS 7FS TH 191.2 (1.7) - GAMCO INVESTO-A GBL US 182.5 (148.1) - GCP APPLIED TECH GCP US 1,077.7 (137.7) 259.3 GCP APPLIED TECH 43G GR 1,077.7 (137.7) 259.3 GCP APPLIED TECH GCPEUR EU 1,077.7 (137.7) 259.3 GNC HOLDINGS INC IGN GR 2,062.6 (69.2) 490.1 GNC HOLDINGS INC GNC US 2,062.6 (69.2) 490.1 GNC HOLDINGS INC IGN TH 2,062.6 (69.2) 490.1 GNC HOLDINGS INC GNC1EUR EU 2,062.6 (69.2) 490.1 GOGO INC GOGO US 1,270.1 (76.6) 348.7 GOGO INC G0G GR 1,270.1 (76.6) 348.7 GOLD RESERVE INC GDRZF US 47.1 (1.2) 34.4 GOLD RESERVE INC GRZ CN 47.1 (1.2) 34.4 GOLD RESERVE INC GOD GR 47.1 (1.2) 34.4 GREEN PLAINS PAR GPP US 93.3 (63.1) 4.3 GREEN PLAINS PAR 8GP GR 93.3 (63.1) 4.3 H&R BLOCK INC HRB US 2,694.1 (60.9) 406.8 H&R BLOCK INC HRB GR 2,694.1 (60.9) 406.8 H&R BLOCK INC HRB TH 2,694.1 (60.9) 406.8 H&R BLOCK INC HRB QT 2,694.1 (60.9) 406.8 H&R BLOCK INC HRBEUR EU 2,694.1 (60.9) 406.8 HALOZYME THERAPE HALO US 226.8 (58.5) 160.6 HALOZYME THERAPE RV7 GR 226.8 (58.5) 160.6 HALOZYME THERAPE HALOEUR EU 226.8 (58.5) 160.6 HALOZYME THERAPE RV7 QT 226.8 (58.5) 160.6 HAMILTON LANE-A HLNE US 207.1 (103.6) - HAMILTON LANE-A HLNEEUR EU 207.1 (103.6) - HCA HEALTHCARE I 2BH GR 33,795.0 (5,357.0) 3,574.0 HCA HEALTHCARE I HCA US 33,795.0 (5,357.0) 3,574.0 HCA HEALTHCARE I 2BH TH 33,795.0 (5,357.0) 3,574.0 HCA HEALTHCARE I HCAEUR EU 33,795.0 (5,357.0) 3,574.0 HORTONWORKS INC HDP US 220.6 (15.5) (16.7) HORTONWORKS INC 14K GR 220.6 (15.5) (16.7) HORTONWORKS INC 14K QT 220.6 (15.5) (16.7) HORTONWORKS INC HDPEUR EU 220.6 (15.5) (16.7) HOVNANIAN-A-WI HOV-W US 2,133.6 (133.9) 1,392.3 HP COMPANY-BDR HPQB34 BZ 28,686.0 (3,955.0) (302.0) HP INC HPQ* MM 28,686.0 (3,955.0) (302.0) HP INC HPQ US 28,686.0 (3,955.0) (302.0) HP INC 7HP TH 28,686.0 (3,955.0) (302.0) HP INC 7HP GR 28,686.0 (3,955.0) (302.0) HP INC HPQ TE 28,686.0 (3,955.0) (302.0) HP INC HPQ SW 28,686.0 (3,955.0) (302.0) HP INC HPQ CI 28,686.0 (3,955.0) (302.0) HP INC HWP QT 28,686.0 (3,955.0) (302.0) HP INC HPQCHF EU 28,686.0 (3,955.0) (302.0) HP INC HPQUSD EU 28,686.0 (3,955.0) (302.0) HP INC HPQUSD SW 28,686.0 (3,955.0) (302.0) HP INC HPQEUR EU 28,686.0 (3,955.0) (302.0) IDEXX LABS IDXX US 1,572.1 (73.9) (57.5) IDEXX LABS IX1 GR 1,572.1 (73.9) (57.5) IDEXX LABS IX1 TH 1,572.1 (73.9) (57.5) IDEXX LABS IX1 QT 1,572.1 (73.9) (57.5) IDEXX LABS IDXX AV 1,572.1 (73.9) (57.5) IMMUNOGEN INC IMU GR 163.3 (167.5) 101.8 IMMUNOGEN INC IMGN US 163.3 (167.5) 101.8 IMMUNOGEN INC IMU TH 163.3 (167.5) 101.8 IMMUNOGEN INC IMU QT 163.3 (167.5) 101.8 IMMUNOGEN INC IMGNEUR EU 163.3 (167.5) 101.8 IMMUNOMEDICS INC IMMU US 52.7 (131.9) (36.5) IMMUNOMEDICS INC IM3 GR 52.7 (131.9) (36.5) IMMUNOMEDICS INC IM3 TH 52.7 (131.9) (36.5) IMMUNOMEDICS INC IM3 QT 52.7 (131.9) (36.5) INNOVIVA INC INVA US 391.9 (334.2) 193.9 INNOVIVA INC HVE GR 391.9 (334.2) 193.9 INNOVIVA INC INVAEUR EU 391.9 (334.2) 193.9 INTERNATIONAL WI ITWG US 326.6 (14.3) 101.6 JACK IN THE BOX JBX GR 1,230.9 (469.4) (126.4) JACK IN THE BOX JACK US 1,230.9 (469.4) (126.4) JACK IN THE BOX JACK1EUR EU 1,230.9 (469.4) (126.4) JACK IN THE BOX JBX QT 1,230.9 (469.4) (126.4) JAMIESON WELLNES JWEL CN 504.7 (172.9) (172.9) JUST ENERGY GROU JE US 1,238.0 (149.3) 109.1 JUST ENERGY GROU 1JE GR 1,238.0 (149.3) 109.1 JUST ENERGY GROU JE CN 1,238.0 (149.3) 109.1 KADMON HOLDINGS KDMN US 67.9 (19.6) 24.8 KADMON HOLDINGS KDF GR 67.9 (19.6) 24.8 KADMON HOLDINGS KDMNEUR EU 67.9 (19.6) 24.8 KENNADY DIAMONDS KDI CN 4.5 (1.4) (3.7) KERYX BIOPHARM KYX GR 127.7 (22.5) 97.2 KERYX BIOPHARM KERX US 127.7 (22.5) 97.2 KERYX BIOPHARM KYX TH 127.7 (22.5) 97.2 KERYX BIOPHARM KERXEUR EU 127.7 (22.5) 97.2 L BRANDS INC LTD GR 7,882.0 (835.0) 1,321.0 L BRANDS INC LTD TH 7,882.0 (835.0) 1,321.0 L BRANDS INC LB US 7,882.0 (835.0) 1,321.0 L BRANDS INC LBEUR EU 7,882.0 (835.0) 1,321.0 L BRANDS INC LB* MM 7,882.0 (835.0) 1,321.0 L BRANDS INC LTD QT 7,882.0 (835.0) 1,321.0 LAMB WESTON LW US 2,432.2 (650.9) 336.9 LAMB WESTON 0L5 GR 2,432.2 (650.9) 336.9 LAMB WESTON LW-WEUR EU 2,432.2 (650.9) 336.9 LAMB WESTON 0L5 TH 2,432.2 (650.9) 336.9 LANTHEUS HOLDING 0L8 GR 249.6 (101.2) 67.6 LANTHEUS HOLDING LNTH US 249.6 (101.2) 67.6 LENNOX INTL INC LXI GR 1,950.6 (1.0) 148.9 LENNOX INTL INC LII US 1,950.6 (1.0) 148.9 LENNOX INTL INC LII1EUR EU 1,950.6 (1.0) 148.9 MADISON-A/NEW-WI MSGN-W US 864.4 (987.0) 195.4 MANNKIND CORP MNKD IT 85.2 (198.7) (37.0) MASCO CORP MAS US 5,139.0 (59.0) 1,534.0 MASCO CORP MSQ GR 5,139.0 (59.0) 1,534.0 MASCO CORP MSQ TH 5,139.0 (59.0) 1,534.0 MASCO CORP MAS* MM 5,139.0 (59.0) 1,534.0 MASCO CORP MAS1EUR EU 5,139.0 (59.0) 1,534.0 MCDONALDS - BDR MCDC34 BZ 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MDO TH 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCD TE 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MDO GR 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCD* MM 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCD US 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCD SW 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCD CI 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MDO QT 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCDCHF EU 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCDUSD EU 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCDUSD SW 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCDEUR EU 32,120.3 (2,030.8) 2,686.5 MCDONALDS CORP MCD AV 32,120.3 (2,030.8) 2,686.5 MCDONALDS-CEDEAR MCD AR 32,120.3 (2,030.8) 2,686.5 MDC COMM-W/I MDZ/W CN 1,626.7 (356.8) (280.0) MDC PARTNERS-A MDZ/A CN 1,626.7 (356.8) (280.0) MDC PARTNERS-A MDCA US 1,626.7 (356.8) (280.0) MDC PARTNERS-A MD7A GR 1,626.7 (356.8) (280.0) MDC PARTNERS-A MDCAEUR EU 1,626.7 (356.8) (280.0) MDC PARTNERS-EXC MDZ/N CN 1,626.7 (356.8) (280.0) MEDLEY MANAGE-A MDLY US 138.5 (14.5) 57.0 MERITOR INC AID1 GR 2,536.0 (125.0) 55.0 MERITOR INC MTOR US 2,536.0 (125.0) 55.0 MERITOR INC MTOREUR EU 2,536.0 (125.0) 55.0 MICHAELS COS INC MIK US 2,009.8 (1,721.9) 502.5 MICHAELS COS INC MIM GR 2,009.8 (1,721.9) 502.5 MIRAGEN THERAPEU MGEN US 57.8 48.0 49.7 MIRAGEN THERAPEU 1S1 GR 57.8 48.0 49.7 MIRAGEN THERAPEU SGNLEUR EU 57.8 48.0 49.7 MONEYGRAM INTERN MGI US 4,437.5 (199.3) (23.5) MONEYGRAM INTERN 9M1N GR 4,437.5 (199.3) (23.5) MONEYGRAM INTERN 9M1N TH 4,437.5 (199.3) (23.5) MONEYGRAM INTERN MGIEUR EU 4,437.5 (199.3) (23.5) MOODY'S CORP DUT GR 5,435.9 (724.2) 2,061.7 MOODY'S CORP MCO US 5,435.9 (724.2) 2,061.7 MOODY'S CORP DUT TH 5,435.9 (724.2) 2,061.7 MOODY'S CORP MCOEUR EU 5,435.9 (724.2) 2,061.7 MOODY'S CORP MCO* MM 5,435.9 (724.2) 2,061.7 MOTOROLA SOLUTIO MTLA GR 8,140.0 (1,037.0) 688.0 MOTOROLA SOLUTIO MTLA TH 8,140.0 (1,037.0) 688.0 MOTOROLA SOLUTIO MSI US 8,140.0 (1,037.0) 688.0 MOTOROLA SOLUTIO MOT TE 8,140.0 (1,037.0) 688.0 MOTOROLA SOLUTIO MSI1EUR EU 8,140.0 (1,037.0) 688.0 MSG NETWORKS- A MSGN US 864.4 (987.0) 195.4 MSG NETWORKS- A 1M4 GR 864.4 (987.0) 195.4 MSG NETWORKS- A 1M4 TH 864.4 (987.0) 195.4 MSG NETWORKS- A MSGNEUR EU 864.4 (987.0) 195.4 NANOSTRING TECHN NSTG US 106.5 (3.1) 59.9 NANOSTRING TECHN 0F1 GR 106.5 (3.1) 59.9 NANOSTRING TECHN NSTGEUR EU 106.5 (3.1) 59.9 NATHANS FAMOUS NATH US 78.1 (66.5) 56.8 NATHANS FAMOUS NFA GR 78.1 (66.5) 56.8 NATIONAL CINEMED XWM GR 1,151.9 (54.1) 92.9 NATIONAL CINEMED NCMI US 1,151.9 (54.1) 92.9 NATIONAL CINEMED NCMIEUR EU 1,151.9 (54.1) 92.9 NAVISTAR INTL IHR GR 5,952.0 (5,127.0) 825.0 NAVISTAR INTL NAV US 5,952.0 (5,127.0) 825.0 NAVISTAR INTL IHR TH 5,952.0 (5,127.0) 825.0 NAVISTAR INTL IHR QT 5,952.0 (5,127.0) 825.0 NEFF CORP-CL A NEFF US 652.7 (124.7) 1.3 NEFF CORP-CL A NFO GR 652.7 (124.7) 1.3 NEW ENG RLTY-LP NEN US 190.0 (33.5) - NYMOX PHARMACEUT NYMX US 1.7 (1.2) (0.2) NYMOX PHARMACEUT NYM GR 1.7 (1.2) (0.2) OCEAN THERMAL EN CPWR US 0.0 (1.6) (1.6) OMEROS CORP 3O8 GR 58.4 (48.1) 34.4 OMEROS CORP OMER US 58.4 (48.1) 34.4 OMEROS CORP 3O8 TH 58.4 (48.1) 34.4 OMEROS CORP OMEREUR EU 58.4 (48.1) 34.4 PENN NATL GAMING PN1 GR 4,947.0 (540.7) (50.0) PENN NATL GAMING PENN US 4,947.0 (540.7) (50.0) PHILIP MORRIS IN PM1EUR EU 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN PMI SW 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN PM1 TE 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN 4I1 TH 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN PM1CHF EU 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN 4I1 GR 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN PM US 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN PM FP 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN PMI1 IX 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN PMI EB 36,627.0 (10,557.0) 3,529.0 PHILIP MORRIS IN 4I1 QT 36,627.0 (10,557.0) 3,529.0 PINNACLE ENTERTA PNK US 4,003.8 (351.8) (82.3) PINNACLE ENTERTA 65P GR 4,003.8 (351.8) (82.3) PITNEY BOWES INC PBW GR 5,747.2 (46.3) (215.3) PITNEY BOWES INC PBI US 5,747.2 (46.3) (215.3) PITNEY BOWES INC PBW TH 5,747.2 (46.3) (215.3) PITNEY BOWES INC PBIEUR EU 5,747.2 (46.3) (215.3) PLANET FITNESS-A PLNT US 1,156.4 (188.0) 28.1 PLANET FITNESS-A 3PL TH 1,156.4 (188.0) 28.1 PLANET FITNESS-A 3PL GR 1,156.4 (188.0) 28.1 PLANET FITNESS-A 3PL QT 1,156.4 (188.0) 28.1 PLANET FITNESS-A PLNT1EUR EU 1,156.4 (188.0) 28.1 PRECIPIO INC TBIOEUR EU 1.2 (20.6) (20.6) PROS HOLDINGS IN PH2 GR 210.7 (19.9) 63.0 PROS HOLDINGS IN PRO US 210.7 (19.9) 63.0 QUANTUM CORP QNT2 GR 225.0 (116.0) (42.0) QUANTUM CORP QNT1 TH 225.0 (116.0) (42.0) QUANTUM CORP QTM US 225.0 (116.0) (42.0) QUANTUM CORP QTM1EUR EU 225.0 (116.0) (42.0) QUANTUM CORP QNT1 QT 225.0 (116.0) (42.0) REATA PHARMACE-A RETA US 88.2 (220.3) 34.5 REATA PHARMACE-A 2R3 GR 88.2 (220.3) 34.5 REATA PHARMACE-A RETAEUR EU 88.2 (220.3) 34.5 REGAL ENTERTAI-A RGC US 2,686.1 (826.1) (7.6) REGAL ENTERTAI-A RETA GR 2,686.1 (826.1) (7.6) REGAL ENTERTAI-A RGC* MM 2,686.1 (826.1) (7.6) RESOLUTE ENERGY R21 GR 489.6 (75.9) (69.6) RESOLUTE ENERGY REN US 489.6 (75.9) (69.6) RESOLUTE ENERGY RENEUR EU 489.6 (75.9) (69.6) REVLON INC-A REV US 2,999.0 (642.0) 343.1 REVLON INC-A RVL1 GR 2,999.0 (642.0) 343.1 REVLON INC-A RVL1 TH 2,999.0 (642.0) 343.1 REVLON INC-A REVEUR EU 2,999.0 (642.0) 343.1 ROSETTA STONE IN RST US 185.9 (1.0) (58.1) ROSETTA STONE IN RS8 GR 185.9 (1.0) (58.1) ROSETTA STONE IN RS8 TH 185.9 (1.0) (58.1) ROSETTA STONE IN RST1EUR EU 185.9 (1.0) (58.1) RR DONNELLEY & S DLLN GR 3,907.3 (174.1) 725.7 RR DONNELLEY & S RRD US 3,907.3 (174.1) 725.7 RR DONNELLEY & S DLLN TH 3,907.3 (174.1) 725.7 RR DONNELLEY & S RRDEUR EU 3,907.3 (174.1) 725.7 RYERSON HOLDING RYI US 1,738.9 (32.7) 676.2 RYERSON HOLDING 7RY GR 1,738.9 (32.7) 676.2 RYERSON HOLDING 7RY TH 1,738.9 (32.7) 676.2 SAFETY INCOME AN SAFE US 155.8 (65.5) - SALLY BEAUTY HOL SBH US 2,070.8 (320.6) 657.6 SALLY BEAUTY HOL S7V GR 2,070.8 (320.6) 657.6 SANCHEZ ENERGY C SN US 2,078.6 (77.6) 29.0 SANCHEZ ENERGY C SN* MM 2,078.6 (77.6) 29.0 SANCHEZ ENERGY C 13S GR 2,078.6 (77.6) 29.0 SANCHEZ ENERGY C 13S TH 2,078.6 (77.6) 29.0 SANCHEZ ENERGY C SNEUR EU 2,078.6 (77.6) 29.0 SBA COMM CORP 4SB GR 7,297.4 (1,916.5) 72.7 SBA COMM CORP SBAC US 7,297.4 (1,916.5) 72.7 SBA COMM CORP SBJ TH 7,297.4 (1,916.5) 72.7 SBA COMM CORP SBACEUR EU 7,297.4 (1,916.5) 72.7 SCIENTIFIC GAM-A TJW GR 7,073.2 (1,995.2) 434.7 SCIENTIFIC GAM-A SGMS US 7,073.2 (1,995.2) 434.7 SEARS HOLDINGS SEE GR 9,071.0 (3,527.0) 127.0 SEARS HOLDINGS SEE TH 9,071.0 (3,527.0) 127.0 SEARS HOLDINGS SHLD US 9,071.0 (3,527.0) 127.0 SEARS HOLDINGS SEE QT 9,071.0 (3,527.0) 127.0 SEARS HOLDINGS SHLDEUR EU 9,071.0 (3,527.0) 127.0 SIGA TECH INC SIGA US 160.8 (296.1) 52.6 SILVER SPRING NE SSNI US 449.6 (42.7) 0.7 SILVER SPRING NE 9SI GR 449.6 (42.7) 0.7 SILVER SPRING NE 9SI TH 449.6 (42.7) 0.7 SILVER SPRING NE SSNIEUR EU 449.6 (42.7) 0.7 SIRIUS XM CANADA XSR CN 307.0 (127.9) (152.0) SIRIUS XM CANADA SIICF US 307.0 (127.9) (152.0) SIRIUS XM HOLDIN SIRI US 7,931.8 (921.1) (1,901.0) SIRIUS XM HOLDIN RDO TH 7,931.8 (921.1) (1,901.0) SIRIUS XM HOLDIN RDO GR 7,931.8 (921.1) (1,901.0) SIRIUS XM HOLDIN RDO QT 7,931.8 (921.1) (1,901.0) SIRIUS XM HOLDIN SIRIEUR EU 7,931.8 (921.1) (1,901.0) SIRIUS XM HOLDIN SIRI AV 7,931.8 (921.1) (1,901.0) SONIC CORP SONC US 563.8 (173.1) 60.4 SONIC CORP SO4 GR 563.8 (173.1) 60.4 SONIC CORP SONCEUR EU 563.8 (173.1) 60.4 SOURCE ENERGY SE SHLE CN 236.6 (62.2) 18.2 SOURCE ENERGY SE S4O GR 236.6 (62.2) 18.2 SOURCE ENERGY SE SHLEEUR EU 236.6 (62.2) 18.2 STRAIGHT PATH-B STRP US 20.9 (10.2) (7.4) STRAIGHT PATH-B 5I0 GR 20.9 (10.2) (7.4) SYNTEL INC SYNT US 443.6 (136.2) 134.5 SYNTEL INC SYE GR 443.6 (136.2) 134.5 SYNTEL INC SYE TH 443.6 (136.2) 134.5 SYNTEL INC SYE QT 443.6 (136.2) 134.5 SYNTEL INC SYNT1EUR EU 443.6 (136.2) 134.5 TAILORED BRANDS TLRD US 2,114.2 (113.6) 712.4 TAILORED BRANDS WRMA GR 2,114.2 (113.6) 712.4 TAILORED BRANDS TLRD* MM 2,114.2 (113.6) 712.4 TAUBMAN CENTERS TU8 GR 4,044.9 (75.4) - TAUBMAN CENTERS TCO US 4,044.9 (75.4) - TEMPUR SEALY INT TPD GR 2,680.3 (11.3) 90.1 TEMPUR SEALY INT TPX US 2,680.3 (11.3) 90.1 TINTRI INC TNTR US 97.1 (68.5) 21.6 TINTRI INC TI3 GR 97.1 (68.5) 21.6 TOCAGEN INC TOCA US 34.3 (1.5) 14.0 TOCAGEN INC 37T GR 34.3 (1.5) 14.0 TOCAGEN INC TOCAEUR EU 34.3 (1.5) 14.0 TRANSDIGM GROUP T7D GR 10,187.3 (2,038.8) 1,587.8 TRANSDIGM GROUP TDG US 10,187.3 (2,038.8) 1,587.8 TRANSDIGM GROUP TDG SW 10,187.3 (2,038.8) 1,587.8 TRANSDIGM GROUP TDGCHF EU 10,187.3 (2,038.8) 1,587.8 TRANSDIGM GROUP T7D QT 10,187.3 (2,038.8) 1,587.8 TRANSDIGM GROUP TDGEUR EU 10,187.3 (2,038.8) 1,587.8 UBI BLOCKCHAIN I UBIA US 0.0 (0.4) (0.4) ULTRA PETROLEUM UPL US 1,699.0 (3,016.7) 331.2 ULTRA PETROLEUM UPL1EUR EU 1,699.0 (3,016.7) 331.2 ULTRA PETROLEUM UPM1 GR 1,699.0 (3,016.7) 331.2 UNISYS CORP UISCHF EU 1,962.3 (1,626.7) 19.3 UNISYS CORP UISEUR EU 1,962.3 (1,626.7) 19.3 UNISYS CORP UIS US 1,962.3 (1,626.7) 19.3 UNISYS CORP UIS1 SW 1,962.3 (1,626.7) 19.3 UNISYS CORP USY1 TH 1,962.3 (1,626.7) 19.3 UNISYS CORP USY1 GR 1,962.3 (1,626.7) 19.3 UNITI GROUP INC UNIT US 3,280.7 (1,426.9) - UNITI GROUP INC 8XC GR 3,280.7 (1,426.9) - VALVOLINE INC VVV US 1,907.0 (218.0) 261.0 VALVOLINE INC 0V4 GR 1,907.0 (218.0) 261.0 VALVOLINE INC 0V4 TH 1,907.0 (218.0) 261.0 VALVOLINE INC VVVEUR EU 1,907.0 (218.0) 261.0 VECTOR GROUP LTD VGR GR 1,387.1 (264.3) 469.4 VECTOR GROUP LTD VGR US 1,387.1 (264.3) 469.4 VECTOR GROUP LTD VGR QT 1,387.1 (264.3) 469.4 VERISIGN INC VRS TH 2,315.5 (1,187.7) 317.8 VERISIGN INC VRS GR 2,315.5 (1,187.7) 317.8 VERISIGN INC VRSN US 2,315.5 (1,187.7) 317.8 VERISIGN INC VRSNEUR EU 2,315.5 (1,187.7) 317.8 VERITONE INC VERI US 26.3 (25.0) (26.8) VERSUM MATER VSM US 1,120.0 (61.7) 388.9 VERSUM MATER 2V1 GR 1,120.0 (61.7) 388.9 VERSUM MATER VSMEUR EU 1,120.0 (61.7) 388.9 VERSUM MATER 2V1 TH 1,120.0 (61.7) 388.9 VIEWRAY INC VRAY US 90.8 (27.0) 34.6 VIEWRAY INC 6L9 GR 90.8 (27.0) 34.6 VIEWRAY INC VRAYEUR EU 90.8 (27.0) 34.6 WEIGHT WATCHERS WTW US 1,301.0 (1,185.2) (33.3) WEIGHT WATCHERS WW6 GR 1,301.0 (1,185.2) (33.3) WEIGHT WATCHERS WW6 TH 1,301.0 (1,185.2) (33.3) WEIGHT WATCHERS WTWEUR EU 1,301.0 (1,185.2) (33.3) WEIGHT WATCHERS WW6 QT 1,301.0 (1,185.2) (33.3) WELBILT INC WBT US 1,837.1 (26.3) 94.8 WELBILT INC 6M6 GR 1,837.1 (26.3) 94.8 WELBILT INC MFS1EUR EU 1,837.1 (26.3) 94.8 WEST CORP WSTC US 3,456.0 (390.6) 243.4 WEST CORP WT2 GR 3,456.0 (390.6) 243.4 WIDEOPENWEST INC WOW US 2,661.6 (645.2) (33.7) WIDEOPENWEST INC WU5 GR 2,661.6 (645.2) (33.7) WIDEOPENWEST INC WOW1EUR EU 2,661.6 (645.2) (33.7) WINGSTOP INC WING US 113.2 (67.3) (3.5) WINGSTOP INC EWG GR 113.2 (67.3) (3.5) WINMARK CORP WINA US 47.4 (2.3) 12.4 WINMARK CORP GBZ GR 47.4 (2.3) 12.4 WORKIVA INC WK US 139.8 (5.0) (2.5) WORKIVA INC 0WKA GR 139.8 (5.0) (2.5) WORKIVA INC WKEUR EU 139.8 (5.0) (2.5) YRC WORLDWIDE IN YRCW US 1,727.9 (438.0) 243.7 YRC WORLDWIDE IN YEL1 GR 1,727.9 (438.0) 243.7 YRC WORLDWIDE IN YEL1 TH 1,727.9 (438.0) 243.7 YRC WORLDWIDE IN YEL1 QT 1,727.9 (438.0) 243.7 YRC WORLDWIDE IN YRCWEUR EU 1,727.9 (438.0) 243.7 YUM! BRANDS INC YUM US 5,151.0 (5,812.0) (281.0) YUM! BRANDS INC TGR GR 5,151.0 (5,812.0) (281.0) YUM! BRANDS INC TGR TH 5,151.0 (5,812.0) (281.0) YUM! BRANDS INC YUMEUR EU 5,151.0 (5,812.0) (281.0) YUM! BRANDS INC YUMCHF EU 5,151.0 (5,812.0) (281.0) YUM! BRANDS INC YUM SW 5,151.0 (5,812.0) (281.0) YUM! BRANDS INC YUMUSD SW 5,151.0 (5,812.0) (281.0) YUM! BRANDS INC YUMUSD EU 5,151.0 (5,812.0) (281.0) ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2017. 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 or Nina Novak at 202-362-8552. *** End of Transmission ***