/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/180117.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, January 17, 2018, Vol. 22, No. 16 Headlines 23 FARMS: Feb. 1 Disclosure Statement Hearing Set 417 RENTALS: Monthly Payment of $2K at 5% in 5 Years for Unscureds A & A OF MARION: Jan. 22 Plan Disclosures, Confirmation Hearing Set A & ASSOCIATES: Unsecured Creditors to Get 100% Over 60 Months A'GACI LLC: To Begin Talks With Landlords of 49 Closing Stores ABC DENTISTRY: Amends Plan to Disclose Rohi, Texas Agreements ACADIANA MANAGEMENT: Panel Says Plan Discriminates Among Creditors ALEVO MANUFACTURING: Online Auction Scheduled for January 30 AQUA LIFE: Unsecureds to Recoup 1% Under Proposed Plan AUTO SUPPLY COMPANY: Hires Blanco Tackabery as Attorney AVAYA INC: Network-1 Sells Gen. Unsecured Claim for $6.32M BELK INC: Bank Debt Trades at 17.21% Off BERNSOHN & FETNER: Hires Vernon as Financial Advisor & Accountant BETTYE RIGDON: TLD North Property Sale Proceeds to Pay Creditors BLACK SQUARE: To Pay Unsecureds in Full Plus 5% in 24 Months BLUE BEE: Wants Exclusive Plan Filing Further Extended to March 19 CEC ENTERTAINMENT: Bank Debt Trades at 5.60% Off CONCORDIA HEALTHCARE: Bank Debt Trades at 15.83% Off CONDOMINIUM ASSOCIATION: Hires Kurtzman as Claims Agent CONDOMINIUM ASSOCIATION: Hires Transwestern as Real Estate Broker COURTNEY BAKER: Case Summary & 20 Largest Unsecured Creditors CRANBERRY GROWERS: Jan. 31 Plan Confirmation Hearing DAKEDA LLC: Hires David C. Smith as Attorney DECATUR ATHLETIC: DCC Added as Secured Claimant in Latest Plan DENTON DOUGH: Hires DeMarco Mitchell as Counsel DLJ MANAGEMENT: Case Summary & 3 Unsecured Creditors EXCEL STAFFING: Feb. 7 Plan Confirmation Hearing EXCO RESOURCES: Case Summary & 50 Largest Unsecured Creditors FIDALGO 2010: Plan to be Funded by Rental Income FLORIDA FOLDER: Hires Altizer & Company as Accountant FRONTIER COMMUNICATIONS: Bank Debt Trades at 4.44% Off GENERAL NUTRITION: Bank Debt Trades at 17.48% Off GETTY IMAGES: Bank Debt Trades at 8.51% Off GORDON ST CONDOS: Case Summary & 4 Unsecured Creditors GST AUTOLEATHER: Dickinson & Womble Bond Represent 7 Creditors HAHN HOTELS: TBT Objects to Disclosure Statement HIGH PLAINS COMPUTING: Awaiting Award of Potential Contracts HOBBICO INC: Hires JND Corporate as Claims and Noticing Agent HOG WILD LOGISTICS: Hires Crawley Law as Counsel HOG WILD TRUCKING: Hires Owens Mixom as Attorney HTY INC: Has Until Jan. 31 To File Plan & Disclosure Statement IVANTI SOFTWARE: Bank Debt Trades at 5.19% Off JC PENNEY: Bank Debt Trades at 5.96% Off JVS DEVELOPMENT: Ch. 11 Trustee Retains Lobel Weiland as Counsel KEN'S FISH: Class II Claims Total $317,313 LIGNUS INC: Unsecureds to be Paid in Full at 1.73% Over 7 Years MARIE'S FAMILY: Hires J. Garland Smith as Counsel MCGEE TRUCKING: Latest Plan Proposes to Pay Unsecureds in Full MOSADI LLC: Has Until March 1 to File Plan MUD CONTROL: Jan. 30 Plan Confirmation Hearing Set NEIMAN MARCUS: Bank Debt Trades at 17.8% Off NELSON INC: Hires Ricky Porter as Accountant NEW CITY: Unsecured Creditors to Get 25% Distribution Under Plan NORTHGATE PUBLIC: Bank Debt Trades at 16.50% Off NUWELD INC: Unsecureds to Get Only 3.50% of Claim OI SA: Brazilian Court Judge Grants Judicial Reorganization PATIO MARKET: $54 Monthly Payment for Unsecureds Over 20 Years PATTINIS LLC: Given Until March 1 to File Plan PENTHOUSE GLOBAL: Case Summary & 20 Largest Unsecured Creditors PETROLEUM GEO-SERVICES: Bank Debt Trades at 16.17% Off PETSMART INC: Bank Debt Trades at 18.84% Off PIONEER NURSERY: Hires Gould Auction as Appraiser and Auctioneer PKC ENTERPRISES: Hires Kirk A. McCarville as Special Counsel PLAZA BROADWAY: Vaquero Objects to Disclosure Statement PLAZA BROADWAY: Vaquero Opposes Approval of PBRG Plan Outline PROMETHEUS & ATLAS: Alper Revocable Trust Claim Increased to $1.5MM PUERTO RICO: Franklin, Oppenheimer Funds Update Bond Holdings PUERTO RICO: Orders Probe on Deprivation of Power Grid Supplies ROBINSON PREMIUM: Plan Proposes Creation of Successor Holding Co. ROCK STAR CHEF: Unsecureds to Get 2.05% Under Chapter 11 Plan SEASTAR HOLDINGS: Hires Rust/Omni as Claims Agent SEASTAR HOLDINGS: Tap Seabury as Investment Banker SEASTAR HOLDINGS: Taps Benjamin Munson of Embark Aviation as CEO SEASTAR HOLDINGS: Taps Landis Rath & Cobb as Bankruptcy Counsel SEASTAR HOLDINGS: Taps Matthew Foster of Sonoran Capital as CRO SEASTAR HOLDINGS: Taps Rust/Omni as Administrative Agent SERTA SIMMONS: Bank Debt Due 2023 Trades at 6.62% Off SERTA SIMMONS: Bank Debt Due 2024 Trades at 13.83% Off SHERIDAN INVESTMENT: Bank Debt Trades at 18.67% Off SKILLSOFT CORP: Bank Debt Trades at 11.50% Off SNOWTRACKS COMMERCIAL: Attorney Now With DeMarb Brophy SYNCREON GROUP: Bank Debt Trades at 12.44% Off TK HOLDINGS: Unsecureds to Recover 0.1% - 0.4% Under Latest Plan TSAR NICHOULAI: Case Summary & 10 Unsecured Creditors UW OSHKOSH FOUNDATION: Has Until June 16 to Exclusively File Plan V&L TOOL: Jan. 30 Plan Confirmation Hearing VASARI LLC: Unsecureds to Get 8.75% Over 5 Years VIVID SERVICE: Hires Paul Reece as Attorney WINDSTREAM CORP: Bank Debt Trades at 10.17% Off WOODBRIDGE GROUP: Fires 84 Employees as Part of Restructuring WOODBRIDGE GROUP: Venable Represents Ad Hoc Panel of Unitholders WRIGHT'S WELL: Has Plan Support Agreement With Orinoco WRIGHT'S WELL: Oceaneering Objects to Second Amended Disclosures ********* 23 FARMS: Feb. 1 Disclosure Statement Hearing Set ------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Florida will convene a hearing on on Feb. 1, 2018 at 10:45 a.m., Eastern Time, to consider the approval of the disclosure statement explaining 23 Farms, LLC's proposed plan of reorganization. Jan. 25, 2018, is fixed as the last day for filing and serving written objections to the disclosure statement in accordance with Rule 3017(a). As previously reported by The Troubled Company Reporter, Class 11 under the plan consists of the unsecured creditors. Based on the Debtor's values of the various items of collateral outlined in classes 4 to 10, and including all other unsecured claims, total estimate unsecured claims will be approximately $5,123,424.17. The Plan provides for the Debtor to pay a total of $25,000 with no interest to unsecured creditors on a pro rata basis and that these payments will be made either within 30 days following the Effective Date of the Plan or within 30 days of the closing on the loan which will fund the Plan, whichever date is later. This class is impaired. The Debtor's plan does not rely on the feasibility of the Debtor's farming operations to pay creditors. The plan proposes to pay creditors by obtaining a bank loan from Lafayette Bank in the approximate amount of $2,500,000. A copy of the Disclosure Statement is available for free at: http://bankrupt.com/misc/flnb17-10015-136-23.pdf About 23 Farms, LLC 23 Farms, LLC, a Newberry, Florida-based company with a farming operation, filed a Chapter 11 petition (Bankr. N.D. Fla. Case No. 17-10015) on Jan. 20, 2017. The petition was signed by Joey D. Langford, II, managing member. The case is assigned to Judge Karen K. Specie. The Debtor is represented by Lisa Caryl Cohen, Esq., at Ruff & Cohen, P.A. The Debtor estimated assets and liabilities at $1 million to $10 million at the time of the filing. An official committee of unsecured creditors has not been appointed in the Chapter 11 case. 417 RENTALS: Monthly Payment of $2K at 5% in 5 Years for Unscureds ------------------------------------------------------------------ 417 Rentals, LLC, filed with the U.S. Bankruptcy Court for the Western District of Missouri a disclosure statement to accompany its plan of reorganization. The plan proposes to pay Class 16 allowed unsecured claims a monthly payment of $2,051 with interest at 5% over 5 years. These claims approximate $41,022 between the creditors. Although there is sufficient income to make the Plan payments, in the event that additional funds are needed, the Debtor's principal has the ability and has made the commitment to provide personal funds, should that occasion arise. A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/mowb17-60935-11-268.pdf About 417 Rentals Based in Brookline, Missouri, 417 Rentals, LLC, is a privately held company in the real estate rental service industry. 417 Rentals sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 17-60935) on Aug. 25, 2017. Christopher Gatley, its member, signed the petition. At the time of the filing, the Debtor estimated assets and liabilities of $1 million to $10 million. Ronald S. Weiss, Esq., at Berman, DeLeve, Kuchan & Chapman, LLC, serves as the Debtor's bankruptcy counsel. An official committee of unsecured creditors has not yet been appointed in the Chapter 11 case. A & A OF MARION: Jan. 22 Plan Disclosures, Confirmation Hearing Set ------------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, will convene a hearing on Jan. 22, 2018, for the final approval of the disclosure statement and for the hearing on confirmation of the plans filed by A & A of Marion Country, LLC, and G & S of Marion County, LLC. A disclosure statement under Chapter 11 of the Bankruptcy Code having been filed by the Debtors on December 15, 2017, with respect to a plan under chapter 11 of the Code filed by Debtors on December 15, 2017. About A & A of Marion County A & A of Marion County, LLC, is the registered owner of a fee simple interest in a property located at 7360 SW Highway 200, Ocala, Florida, which is valued at $600,000. Meanwhile, G & S of Marion County, LLC, owns a fee simple interest in a property located at 7350 SW Highway 200, Ocala, which is valued at $600,000. The Debtors sought protection under Chapter 11 of the Bankruptcye Code (Bankr. M.D. Fla. Case Nos. 17-02959 and 17-02960) on Aug. 14, 2017. Dr. Ganesh D. Arora, managing member, signed the petition. At the time of the filing, the Debtors disclosed $600,000 in assets and $4.3 million in liabilities. Judge Jerry A. Funk presides over the case. The Law Offices of Mickler & Mickler serves as counsel to the Debtor. On Dec. 1, 2017, the Court appointed Soldnow, LLC, doing business as Tranzon Driggers, as auctioneer. An official committee of unsecured creditors has not yet been appointed in the Chapter 11 cases. A & ASSOCIATES: Unsecured Creditors to Get 100% Over 60 Months -------------------------------------------------------------- A & Associates, Inc., d/b/a A & A, filed with the U.S. Bankruptcy Court for the Southern District of Florida a disclosure statement in connection with its chapter 11 plan of reorganization dated Jan. 4, 2018. The Debtor, A & Associates, Inc., dba A & A, a Florida corporation, provides temporary staffing primarily to school boards and for security guards. It operates in the state of Florida and has two offices, the main office in West Palm Beach, Florida and a small office in Orlando, Florida. Class 3 consists of the Allowed General Unsecured Claims. The Debtor estimates the aggregate amount of general unsecured claims is approximately $40,000. Holders of Allowed Class 3 Claims will be paid 100% of the allowed amount of such claim, without interest, by receiving equal monthly payments for a period of 60 months. This class is impaired. Funds to be used to make cash payments under the Plan will derive from the Debtor's monthly income from operations. The debtor has been able to increase its income as shown by the operating reports and create a steady stream of income year round, as compared to the past where income would drop substantially in the summer months. Based upon the monthly operating reports, the Debtor is cash flow positive and shows the ability to fund the Plan. In order to assist in funding the Debtor's business operations under the Plan, the Debtor may retain its cash on hand, the funds in its bank accounts, and may retain amounts received from accounts receivable to pay accounts payable. A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/flsb16-23524-74.pdf About A & Associates A & Associates, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S. D. Fla. Case No. 16-23524) on October 1, 2016. The petition was signed by Andrew Luchey, Jr., president. The case is assigned to Judge Paul G. Hyman, Jr. The Debtor is represented by Sherri B. Simpson, Esq., at the Simpson Law Group. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of $1 million to $10 million. A'GACI LLC: To Begin Talks With Landlords of 49 Closing Stores -------------------------------------------------------------- A'GACI, LLC, a fashion retailer in Texas, which filed for Chapter 11 relief on Tuesday, Jan. 9, 2018, will shortly begin discussions with landlords regarding 49 of its locations. In a court filing on Jan. 9, A'GACI sought court approval to close up to 49 of its 76 operating stores, but noted the Company's management team and its advisors continue to evaluate whether certain of these stores should remain open. "The actual number of store closings will depend on our ability to work with landlords for many of our locations to negotiate more favorable lease terms and rent reductions," said David Won, A'GACI's Chief Merchandising Officer. Store evaluation and landlord negotiations are an important step forward in the Company's plan to restructure its costs. The Company and its advisors estimate that lease costs at approximately 2/3 of its locations are unfavorably high. "Although we are operating -- like many retailers -- in a challenging environment, we have excellent employee teams in our stores, a loyal customer base and very strong relationships with our vendors. We are especially excited about next season's fashion which we have begun to roll out at a number of stores. If we can meaningfully improve our rent costs, it is possible that we will keep a large number of stores open," said Mr. Won. A'GACI has been an innovator in the fast fashion apparel industry for a number of years. "By filing for Chapter 11 and entering into negotiations with landlords, we believe we will be able to address our overall cost structure which is not sustainable given the current retail environment. The results of this action, combined with our strong store base and online presence, will allow A'GACI to emerge as a more competitive player in the fashion industry," noted John Won, the Company's Chief Executive Officer. "We greatly appreciate our customers, our vendors and, especially, our employee family, who have shown overwhelming support for our reorganization." About A'GACI Founded in San Antonio, Texas, A'GACI is a fast-fashion retailer of women's apparel and accessories. A'GACI attracts young, fashion-driven consumers through its value-pricing and frequent introductions of new and trendy merchandise. It operates specialty apparel and footwear stores under the A'GACI banner as well as a direct-to-consumer business comprised of its e-commerce website http://www.agacistore.com/As of Jan. 1, 2018, the Debtor operated 76 retail stores. A'GACI is a privately held Texas limited liability company, and its sole members are John Won and David Won. A'GACI, L.L.C., sought Chapter 11 protection (Bankr. W.D. Tex. Case No. 18-50049) on Jan. 9, 2018. David Won, manager/CMO, signed the petition. The Hon. Ronald B. King is the case judge. Ian T. Peck, Esq., at Haynes And Boone, LLP, in Fort Worth, Texas, serves as counsel to Debtor. Berkeley Research Group, LLC, is the Debtor's financial advisor. SSG Advisors, LLC, is the investment banker. Kurtzman Carson Consultants LLC is the claims agent. A'GACI, L.L.C., disclosed $82 million in assets and $62 million in liabilities as of Nov. 25, 2017. ABC DENTISTRY: Amends Plan to Disclose Rohi, Texas Agreements ------------------------------------------------------------- ABC Dentistry, P.A., ABC Dentistry West Orem, P.L.L.C., ABC Dentistry Old Spanish Trail, P.L.L.C., ABC Dentistry Hillcroft, P.L.L.C., ABC Dentistry Pasadena, P.A., and Iraj S. Jabbary, DDS file a second amended joint plan of reorganization with the U.S. Bankruptcy Court for the Southern District of Texas to disclose the settlement agreement with the state of Texas, release agreement with Relator Saeed Rohi, schedule of rejected contracts, and schedule of proposed cure amounts for assumed contracts. Allowed other priority claims shall be paid in cash on the later of 30 days after the effective date or the date such claim becomes an allowed other priority claim, unless the holder of such claim agrees to a different treatment. Except to the extent that a holder of an allowed secured tax claim agrees to less favorable treatment, in full and final satisfaction, settlement, release and discharge of and in exchange for its allowed secured tax claims, each holder of an allowed secured tax claim shall receive, at the option of the applicable debtor or reorganized debtor, either: (i) cash on the effective date or as soon as reasonably practicable thereafter in an amount equal to the full unpaid amount of such allowed secured tax claim; or (ii) commencing on the first semi-annual payment date following the initial distribution date and continuing over a period not exceeding five years from and after the petition date, equal semi-annual cash payments in an aggregate amount equal to the unpaid portion of such allowed secured tax claim, together with interest at the applicable rate under non-bankruptcy law, subject to the sole option of the reorganized debtors to prepay the entire amount of the unpaid portion of the allowed secured tax claim in the ordinary course of business. Any lien securing an allowed secured tax claim shall be retained until such time that such allowed secured tax claim is paid in full. The maturity date of the First Bank Loan Agreement shall be deemed to be modified from May 27, 2019 to May 27, 2020. West Orem's remaining payments under the First Bank Loan Agreement shall be re-amortized from the effective date through May 27, 2020 by the debtors' financial advisor. All other provisions of the First Bank Loan Agreement shall not be deemed to be affected by the plan. The holders of allowed general unsecured claims shall be paid in full as follows: the holder of such allowed general unsecured claim shall receive (i) 50% of the allowed amount of such holder's claim on the initial distribution date and (ii) the remaining 50% of the allowed amount of such holder's claim on the second semi-annual payment date following the initial distribution date. Notwithstanding the foregoing, holders of general unsecured claims may elect to be treated as a convenience claim by making such election on the ballot for general unsecured claims. The holders of allowed convenience claims shall be paid in full on the initial distribution date. In full satisfaction of Rohi Personal Claims, Rohi shall receive the Rohi Portion in accordance with Section 5.2 of the plan. In full satisfaction of the State of Texas OIG Claim, the State of Texas shall receive the State of Texas OIG Settlement Payment in accordance with Section 5.2 of the plan. The holders of interests shall retain the interests held on the date of the filing of the Chapter 11 cases. The plan proponents will commit to fund the plan in an amount sufficient to make all of the required payments under the plan. A full-text copy of the debtors' amended joint plan is available at: http://bankrupt.com/misc/txsb16-34221-349.pdf The debtors are represented by: Omar J. Alaniz, Esq. Chad Barton, Esq. BAKER BOTTS L.L.P. 2001 Ross Avenue Dallas, TX 75201 Tel: (214)953-6593 Fax: (214)661-4593 Email: omar.alaniz@bakerbotts.com chad.barton@bakerbotts.com 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. ACADIANA MANAGEMENT: Panel Says Plan Discriminates Among Creditors ------------------------------------------------------------------ The Official Committee of Unsecured Creditors appointed in the Chapter 11 cases of Acadiana Management Group, LLC, et al., filed another objection to the Debtors' further amended Disclosure Statement. The Committee continued to complain that the Amended Plan is not confirmable as it impermissibly: (a) substantively consolidates the Debtor entities (the Plan says the consolidation is for voting and distribution "only," as if any other corporate nuances make a difference to the unsecured creditors), (b) radically discriminates among unsecured creditors (some are paid in full and will receive $2.9 million; others get peanuts, if that), (c) treats the Class 3 BOKF RLOC Claim of $11.5 million in an unfair and discriminatory manner, and (d) inexplicably favors the existing equity owners, including providing impermissible third-party releases in derogation of the law of the Fifth Circuit Court. A full-text copy of the Committee's recent objection is available at: http://bankrupt.com/misc/lawb17-50799-560.pdf About Acadiana Management Acadiana Management and several affiliates sought Chapter 11 bankruptcy protection (Bankr. W.D. La. Lead Case No. 17-50799) on June 23, 2017. The petitions were signed by August J. Rantz, IV, president. Acadiana Management estimated assets of less than $50,000 and debt at $50 million and $100 million. Judge Robert Summerhays presides over the cases. Gold, Weems, Bruser, Sues & Rundell, serves as the Debtors' bankruptcy counsel. On July 28, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. William H. Patrick, III, Esq., Tristan Manthey, Esq., and Cherie Dessauer Nobles, Esq., at Heller, Draper, Patrick, Horn & Manthey, L.L.C., in New Orleans, Louisiana, represent the Committee. Susan Goodman was appointed as patient care ombudsman. ALEVO MANUFACTURING: Online Auction Scheduled for January 30 ------------------------------------------------------------ The Branford Group, a global industrial auction company, will conduct a substantial online auction, in conjunction with Hilco Industrial & Joseph Finn Auctioneers, by order of the U.S. Bankruptcy Court Middle District of North Carolina (Winston-Salem), to sell the surplus assets of Alevo located at 2321 Concord Pkwy S Concord, NC. Alevo is a global Energy Service Provider (ESP) and Battery Storage Manufacturer that brings its innovative GridBank energy storage technology to the electric grid. This auction will open Tuesday, Jan. 30th at 8:00 AM (EST) and will begin to close Wednesday, Jan. 31st at 10:00 AM (EST). This auction will feature: -- Anode & Cathode Mixing & Coating Lines -- Cell Assembly -- Formation -- SS Tanks -- 500 Vidmars -- New Combilift & Forklifts -- (4) New Caterpillar Generators -- Massive Inventory & Finished Goods -- Facility & Support Equipment -- Much More According to James Gardner, Senior Vice President and Partner at The Branford Group, "The online auction for Alevo represents an unprecedented, multi-million dollar offering of late model battery manufacturing lines, chemical processing equipment, facility support and a massive amount of inventory. The majority of the equipment was installed around 2016 and was never used in production, providing a real opportunity for any buyer." All interested parties can find the complete auction offering including dates, times, full featured items, specs, over 200 photos and bidding instructions at: http://www.thebranfordgroup.com/DNN3/Auction/ALEV0118.aspx About Alevo USA and Alevo Manufacturing Alevo Manufacturing, Inc., began operations in Concord, North Carolina, in 2014, and is engaged in the production of grid-scale energy management solutions. It provides these solutions through the Alevo GridBankTM, a patented battery-based energy storage technology. Alevo USA, Inc., performs administrative functions for its subsidiary companies and Manufacturing. Concord-based battery manufacturers Alevo USA, Inc. and Alevo Manufacturing sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case Nos. 17-50876 and 17-50877) on Aug. 18, 2017. Peter Heintzelman, its president, signed the petitions. At the time of the filing, Alevo USA estimated assets of $1 million to $10 million and liabilities of $10 million to $50 million. Alevo Manufacturing estimated assets and liabilities of $10 million to $50 million. Judge Catharine R. Aron presides over the cases. Nelson Mullins Riley & Scarborough, LLP, is the Debtors' bankruptcy counsel. BDO USA, LLP, is the Debtors' accountant. An official committee of unsecured creditors was appointed on Sept. 1, 2017. The Committee retained Northen Blue LLP as its legal counsel. AQUA LIFE: Unsecureds to Recoup 1% Under Proposed Plan ------------------------------------------------------ Aqua Life Corp. filed with the U.S. Bankruptcy Court for the Southern District of Florida a disclosure statement in support of its plan of reorganization dated Jan. 5, 2018. Class 6 consists of all Allowed General Unsecured Claims. The Reorganized Debtor will make four consecutive annual payments of $10,000 each to be disbursed on a pro rata basis to Holders of Allowed Class 6 Claims with the first payment due on or before the Effective Date, and thereafter for every year on the same calendar day. To the extent that the Reorganized Debtor elects to prepay any scheduled payments under the Plan, a discount will be applied as follows: a 15% reduction for payments made in full in year one; a 10% reduction for payments in full made in year two; and a 5% reduction for payments in full made in year three. Class 6 is impaired. The Plan will be funded by a Plan Fund consisting of funds on deposit in the Debtor's account on the Effective Date, future revenues from the business operations and receivables of the Debtor and the Reorganized Debtor following confirmation of the Plan, and additional new value contributed by the Principals. The Plan Fund will commit sufficient sums to pay 100% of Allowed Convenience Claims and a total of $40,000 to be paid in 4 annual installments of $10,000 each to be distributed pro rata to Class 6. The Debtor estimates that the GUC Payments will result in a distribution to general unsecured claims of approximately 1% percent. The cash flow projections demonstrate that these proposed payments to creditors over time are feasible. A full-text copy of the Disclosure Statement is available for free at: http://bankrupt.com/misc/flsb17-15918-128.pdf About Aqua Life Corp. Aqua Life Corp., which conducts business under the name of Pinch-A-Penny #43, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-15918) on May 10, 2017. The petition was signed by Raymond E. Ibarra, vice-president. At the time of filing, the Debtor had $1.07 million in assets and $2.49 million in liabilities. The case is assigned to Judge Robert A Mark. No trustee, examiner or statutory committee has been appointed in the Debtor's case. AUTO SUPPLY COMPANY: Hires Blanco Tackabery as Attorney ------------------------------------------------------- Auto Supply Company, Inc., seeks authority from the U.S. Bankruptcy Court for the Middle District of North Carolina to employ Blanco Tackabery & Matamoros, P.A., as attorneys to the Debtor. Auto Supply Company requires Blanco Tackabery to: a. advise the Debtor with reference to the manner of its on- going duties and responsibilities as a debtor-in-possession in the Chapter 11 case; b. negotiate with creditors, prepare required documents and reports, preserve assets; c. prepare, submit and obtain approval of a disclosure statement and plan of liquidation; d. defend or prosecute lawsuits, and provide any other legal services for the administration of the estate and liquidation of the Debtor. Blanco Tackabery will be paid at these hourly rates: Attorneys $335-$350 Paralegals $100 Prior to the filing of the petition, Blanco Tackabery has been paid the sum of $104,197.50. The Debtor paid an initial retainer to Blanco Tackabery in the amount of $80,000. Blanco Tackabery has applied the filing fee of $1,717, leaving a balance of $78,283. Blanco Tackabery will also be reimbursed for reasonable out-of-pocket expenses incurred. Ashley S. Rusher, partner of Blanco Tackabery & Matamoros, P.A., 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 its estates. Blanco Tackabery can be reached at: Ashley S. Rusher, Esq. BLANCO TACKABERY & MATAMOROS, P.A. P.O. Drawer 25008 Winston-Salem, NC 27114-5008 Tel: (336) 293-9000 Fax: (336) 293-9030 E-mail: asr@blancolaw.com About Auto Supply Company Founded in 1954, Auto Supply Company, Inc. -- http://www.ascodc.com/-- is a family-owned supplier of OEM and aftermarket automotive parts, serving the automotive repair professional from three distribution centers, 15 store locations and seven battery trucks throughout North Carolina and Western Virginia. The company's products include: A/C Parts, Alternators & Starters, Batteries, Bearings & Seals, Belts & Hoses, Brakes, Caps (Radiator, Gas, etc.), Catalytic Converters, Chassis Parts, Chemicals, Clutches & Components, CV Axles, Distributors, Electric Motors, Electronics, Emissions, Engine Management, Engines & Parts, Filters, Fuel Pumps, Fuses & Lighting, Gaskets, Heater Parts, Ignition & Wires, Motor Mounts, Motor Oil, Oxygen Sensors, Power Steering, Radiators, Shocks & Struts, Spark Plugs, Thermostats, Timing Kits & Parts, TPMS Sensors, Transmission Fluid, Water Pumps, Wheel Hub Assemblies, and Wiper Blades. Auto Supply offers two car care center programs: ACDelco PSC and Parts Plus Car Care Center. The Company is based in Winston Salem, North Carolina. Auto Supply Company, based in Winston Salem, NC, filed a Chapter 11 petition (Bankr. M.D.N.C. Case No. 18-50018) on Jan. 8, 2018. The petition was signed by Charles A. Key, Jr., president. In its petition, the Debtor disclosed $22.04 million in assets and $22.04 million in liabilities. The Hon. Lena M. James presides over the case. Ashley S. Rusher, Esq., at Blanco Tackabery & Matamoros, P.A., serves as bankruptcy counsel. AVAYA INC: Network-1 Sells Gen. Unsecured Claim for $6.32M ---------------------------------------------------------- Network-1 Technologies, Inc. on Jan. 10, 2018, disclosed that it sold its allowed general unsecured claim against Avaya, Inc. for $6,320,000. As previously announced in September 2017, Network-1 agreed to settle its patent litigation against Avaya, Inc. ("Avaya") pending in the United States District Court for the Eastern District of Texas, Tyler Division, for infringement of Network-1's Remote Power Patent (U.S. Patent No. 6,218,930). As part of the settlement Avaya entered into a Settlement Agreement and non-exclusive License Agreement for the full term of the Remote Power Patent, which expires in March, 2020. Under the terms of the license, Avaya paid a lump sum amount for sales of certain designated Power over Ethernet ("PoE") products, and a running royalty for other designated PoE products. The products covered by the licenses include those PoE products which comply with the Institute of Electrical and Electronic Engineers ("IEEE") 802.3af and 802.3at Standards. On January 19, 2017, Avaya, and certain of its affiliates, as debtors (the "Debtors"), filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court of the Southern District of New York (the "Bankruptcy Court"). As part of the settlement, Avaya also agreed that Network-1 shall have an allowed general unsecured claim ("Allowed Claim") in the amount of $37,500,000, as amended, relating to all acts occurring on or before January 19, 2017. Under the Debtors' Second Amended Joint Chapter 11 Plan of Reorganization of Avaya Inc. and Its Debtor Affiliates (the "Plan") which was approved by the Bankruptcy Court on November 28, 2017, which became effective on December 15, 2017, the Debtors estimated that the total amount of general unsecured claims that will ultimately be allowed will total approximately $305,000,000 ($305 million) which, based on the treatment of general unsecured creditors therein, would result in estimated recoveries for the holders of general unsecured claims of approximately 18.9%. The Debtors acknowledged in the Plan that depending on its ability to successfully prosecute or otherwise reduce the remaining outstanding claims, the total amount of the general unsecured claims could be substantially higher which would decrease the percentage recoveries to the holders of general unsecured claims, including the Company. In such an event, the amount recovered by Network-1 under its Allowed Claim could have been substantially lower than 18.9%. About Network-1 Technologies, Inc. Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns fifty (50) patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems, the identification of media content and the Internet of Things (IoT) and Machines to Machine industries and next generation consumer mobile technologies. About Avaya Inc. Avaya Inc. is a multinational company that provides communications products and services, including, telephone communications, internet telephony, wireless data communications, real-time video collaboration, contact centers, and customer relationship software to companies of various sizes. The Avaya Enterprise serves over 200,000 customers, consisting of multinational enterprises, small- and medium-sized businesses, and 911 services as well as government organizations operating in a diverse range of industries. It has approximately 9,700 employees worldwide as of Dec. 31, 2016. Avaya Inc. and 17 of its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-10089) on Jan. 19, 2017. The petitions were signed by Eric S. Koza, CFA, chief restructuring officer. Judge Stuart M. Bernstein presides over the cases. The Debtors have hired Kirkland & Ellis LLP as legal counsel; Centerview Partners LLC as investment banker; Zolfo Cooper LLC as restructuring advisor; PricewaterhouseCoopers LLP as auditor; KPMG LLP as tax and accountancy advisor; and The Siegfried Group, LLP, as financial services consultant. Prime Clerk LLC is their claims and noticing agent. On Jan. 31, 2017, the U.S. Trustee for Region 2, appointed an official committee of unsecured creditors. Morrison & Foerster is the creditors committee's counsel. Stroock & Stroock & Lavan LLP and Rothschild, Inc., serve as advisors to an ad hoc group -- Ad Hoc Crossholder Group -- comprised of holders of the Company's (i) 33.98% of the $3.235 billion total amount outstanding under loans issued pursuant to a Third Amended and Restated Credit Agreement, amended and restated as of Dec. 12, 2012 (the "Prepetition Cash Flow Term Loans"); (ii) 28.38% of the $1.009 billion total principal amount outstanding under notes issued pursuant to an indenture for the 7.00% Senior Secured Notes Due 2019 (the "7.00% First Lien Notes"); (iii) 12.82% of the $290 million total principal amount outstanding under notes issued pursuant to an indenture for 9.00% Senior Secured Notes Due 2019 (the "9.00% First Lien Notes"); (iv) 83.70% of the $1.384 billion total amount outstanding under notes issued pursuant to an indenture for 10.5% Senior Secured Notes Due 2021 (the "Second Lien Notes"); and (v) 24% of the $725 million outstanding under loans issued under the Debtors' debtor-in-possession financing (the "DIP Facility") pursuant to a Superpriority Secured Debtor-In-Possession Credit Agreement, dated as of Jan. 24, 2017. BELK INC: Bank Debt Trades at 17.21% Off ---------------------------------------- Participations in a syndicated loan under which BELK Inc. is a borrower traded in the secondary market at 82.79 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 1.74 percentage points from the previous week. BELK Inc pays 475 basis points above LIBOR to borrow under the $1.500 billion facility. The bank loan matures on Dec. 10, 2022 and carries Moody's B2 rating and Standard & Poor's B- rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. BERNSOHN & FETNER: Hires Vernon as Financial Advisor & Accountant ----------------------------------------------------------------- Bernsohn & Fetner LLC seeks authority from the U.S. Bankruptcy Court for the Southern District of New York to employ Vernon Consulting, Inc., as financial advisor and accountant to the Debtor. Bernsohn & Fetner requires Vernon to: a. provide accounting services required to accurately prepare the schedules, and reports required by the Chapter 11 process; b. assist with the preparation of monthly operating statements; c. prepare forecasts, projections, and cash flow reports requested by lenders, creditors, prospective investors or in conjunction with a proposed plan of reorganization; d. assist with developing support for and the preparation of motions; e. assist in arranging Debtor in Possession financing, and presenting cash flows to potential lenders, as requested; f. assist in the identification of executory contracts and unexpired leases, and performing cost/benefit evaluations with respect to the assumption or rejection of each, as needed; g. provide financial advisory services in connection with any contemplated sale of assets, reorganization, or liquidation under the Bankruptcy Code; and h. provide such other services as customarily provided in connection with the proceedings requested by the Debtor and agreed to by Vernon during the pendency of the Chapter 11 case. Vernon will be paid at these hourly rates: Managing Director $400 Director $350 Senior Managing Consultant $300 Analyst $140 Vernon will also be reimbursed for reasonable out-of-pocket expenses incurred. Laura W. Patt, managing director of Vernon Consulting 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 its estates. Vernon can be reached at: Laura W. Patt VERNON CONSULTING, INC. 344 E. 65th St, Suite 3C New York, NY 10065 Tel: (917) 822-7578 E-mail: lpatt@vernonconsulting.com About Bernsohn & Fetner Bernsohn & Fetner, LLC -- http://www.bfbuilding.com/-- is a full-service construction management and general contracting firm dedicated to residential, corporate, and retail construction. Bernsohn also offers maintenance service for major New York buildings. The Company was founded in 2003 by Steven Fetner and Randall Bernsohn. Bernsohn & Fetner sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-23707) on Nov. 7, 2017. Steven Fetner, managing member, signed the petition. At the time of the filing, the Debtor disclosed $1.735 million in assets and $920,000 in liabilities. The Debtor had no secured debt. Judge Robert D. Drain presides over the case. Bernsohn & Fetner LLC is the Debtor's counsel. BETTYE RIGDON: TLD North Property Sale Proceeds to Pay Creditors ---------------------------------------------------------------- Bettye J. Rigdon, Carousel Properties, LLC, and TLD Bar Ranch filed with the U.S. Bankruptcy Court for the Northern District of Texas a disclosure statement, dated Jan. 5, 2018 with respect to their joint plan of reorganization dated Nov. 1, 2017. Class A-8 under the plan consists of the allowed claims of the general unsecured creditors of Bettye J. Rigdon. Upon the sale of the TLD North Property, holders of Allowed General Unsecured Claims will be paid in full from the proceeds of that sale. Class B-3 consists of the allowed claims of the general unsecured creditors of Carousel Properties, LLC. Allowed General Unsecured Claims against Carousel Properties, LLC, together with accrued interest at the plan rate, will be paid in full as soon as practicable following 60 days following the Effective Date of the Plan. Class C-4 consists of the allowed claims of the general unsecured creditors of TLD Bar Ranch, LP. Upon the sale of the TLD North Property, holders of Allowed General Unsecured Claims will be paid in full from the proceeds of that sale. As of the Effective Date, all assets of each Debtor will be vested in the respective Reorganized Debtor. The TLD North Property will be marketed for sale by TLD. The net proceeds of that sale, after payment of closing costs and applicable ad valorem taxes, will be disbursed as follows: (a) Payment of all outstanding Allowed Claims against TLD Bar Ranch, LP; (b) Payment to FSB-Wise of proceeds sufficient to satisfy all outstanding Allowed Claims held by FSB-Wise against Bettye J. Rigdon, other than Claims based on a guaranty agreement; (c) Payment to the IRS of proceeds sufficient to satisfy all outstanding Allowed Claims held by the IRS against Bettye J. Rigdon; (d) Payment of any outstanding Allowed Claims by Estate Professionals; and (e) Payment of any outstanding Allowed General Unsecured Claims against Bettye J. Rigdon. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/txnb16-44620-11-184.pdf About Bettye Jeanne Rigdon, Carousel Properties, and TLD Bar Ranch Bettye Jeanne Rigdon, Carousel Properties, LLC and and TLD Bar Ranch, LP, sought Chapter 11 protection (Bankr. N.D. Tex. Case No. 16-44620 to 16-44622) on Dec. 2, 2016. The Debtors' cases are jointly administered under Case No. 16-44620. Counsel for Bettye J. Rigdon is Jeff P. Prostok, Esq., and Lynda L. Lankford, Esq., at Forshey & Prostok, L.L.P., in Fort Worth, Texas. BLACK SQUARE: To Pay Unsecureds in Full Plus 5% in 24 Months ------------------------------------------------------------ Black Square Financial, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Florida a disclosure statement for its proposed chapter 11 plan of reorganization dated Jan. 4, 2018. Based in Coral Springs, Florida, the Debtor is a structured settlement firm that provides liquidity to its clients by arranging for the purchase of a client's right to receive future installment payments awarded in a settlement agreement, or in the case of clients that previously purchased an annuity plan, the right to receive future annual disbursements paid to the client pursuant to the plan. Class 5 under the plan consists of the Allowed General Unsecured Claims other than the Class 4 Claim of Client First Settlement Funding, LLC. The Debtor estimates the aggregate amount of unsecured non-priority claims are approximately $36,194.61. The holders of Class 5 Allowed General Unsecured Claims will be paid the full amount of their Allowed Claim in 24 equal monthly payments, with interest accruing at a rate of 5% per annum, commencing within 30 days of the Effective Date, unless the holder of the non-Insider Allowed General Unsecured Claim has been paid prior to the Effective Date or agrees to a different treatment. This class is impaired. Funds to be used to make cash payments under the Plan will derive from the operation of the Debtor's business in the ordinary course prior to and after the Effective Date. A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/flsb17-23562-58.pdf About Black Square Financial, LLC Headquartered in Coral Springs, Florida, Black Square Financial, LLC, filed for Chapter 11 bankruptcy protection (Bankr. S.D. Fla. Case No. 16-23562) on Nov. 8, 2017, estimating its assets at between $100,001 and $500,000 and its liabilities at between $500,001 and $1 million. Philip J Landau, Esq., at Shraiberg Landau & Page PA serves as the Debtor's bankruptcy counsel. BLUE BEE: Wants Exclusive Plan Filing Further Extended to March 19 ------------------------------------------------------------------ Blue Bee, Inc., asks the U.S. Bankruptcy Court for the Central District of California to extend the Debtor's exclusive periods to file a plan of reorganization and obtain acceptances of the plan, for a period of approximately 60 days, to and including March 19, 2018, and May 18, 2018, respectively. This will be the Debtor's final request to extend its exclusivity periods in connection with this case. As reported by the Troubled Company Reporter on Dec. 21, 2017, the Court previously extended the Exclusive Periods to file a plan and to solicit acceptances of the plan to and including Jan. 15 and March 16, 2018, respectively. The Debtor submits that cause exists to extend its exclusive periods to file a Plan and to obtain acceptances thereof one final time. As of the Petition Date, the Debtor owned and operated 21 retail stores located primarily in shopping malls throughout the state of California. During the course of the Debtor's bankruptcy case, the Debtor closed a number of its retail stores, leaving the Debtor with a total of 13 currently operating retail stores. While the Debtor has identified the core group of 13 operating retail stores around which it intends to reorganize and has started the process of evaluating and formulating the potential terms of a Plan, the Debtor and its management require additional time to (i) evaluate the Debtor's business operations (particularly in view of the past holiday selling season) and to prepare accurate cash flow forecasts in support of a Plan, (ii) complete their analysis of the claims that have been filed by creditors in the Debtor's case, including, without limitation, a number of large administrative rent claims asserted by several of the Debtor's landlords, (iii) determine how much cash the Debtor will have available on the anticipated effective date of the Plan to help fund the Plan so that management may determine how much additional cash will be required to fund the Plan, and (iv) formulate the terms of a feasible Plan and complete the preparation of the combined form Plan and disclosure statement required by the Court. The Debtor says that although it has made significant efforts during the past year that it has been in Chapter 11 to stabilize its business operations and increase sales, the efforts have been hampered by, among other things, the unexpectedly inclement weather in California during the 2016-2017 winter and spring seasons, which in turn negatively impacted the Debtor's ability to generate sales revenue, and the Debtor's constrained cash flow due to, among other reasons, demands by certain of the Debtor's vendors for up-front payments for necessary merchandise and inventory and the funding of lease cure payments required to be made in conjunction with the Debtor's assumption of the leases for its 13 operating retail stores. On Nov. 1, 2017, three of the Debtor's former landlords (whose leases the Debtor rejected) filed motions seeking the allowance and immediate payment of administrative expense priority claims for alleged unpaid post-petition rent totaling over $198,000. The hearings on the admin rent motions are currently set for Feb. 7, 2018. Although the Debtor disputes the calculation and amounts of the administrative expense priority claims asserted by the landlords in the admin rent motions, and is in discussions with the landlords regarding a potential consensual resolution of the admin rent motions, in the event that the Court determines that the landlords are entitled to the allowance and immediate payment of the administrative rent claims asserted in the admin rent motions, the Debtor's ability to continue operating its business and formulate a feasible Plan may be jeopardized, given the Debtor's current cash availability. A copy of the Debtor's request is available at: http://bankrupt.com/misc/cacb16-23836-277.pdf About Blue Bee Headquartered near downtown Los Angeles, California in Vernon, California, Blue Bee, Inc., doing business as ANGL, is a retailer doing business under the "ANGL" brand offering stylish and contemporary women's clothing at reasonable prices to its fashion-savvy customers. As of Oct. 19, 2016, Blue Bee owns and operates 21 retail stores located primarily in shopping malls throughout the state of California. Founders Jeff Sunghak Kim and his wife, Young Ae Kim, continue to be actively involved in Blue Bee's business operations as the President and Secretary of the Company, respectively. Blue Bee filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 16-23836) on Oct. 19, 2016. The bankruptcy petition was signed by Jeff Sungkak Kim, its president. The Debtor estimated assets and liabilities at $1 million to $10 million. The case is assigned to Judge Sandra R. Klein. The Debtor is represented by Juliet Y. Oh, Esq., at Levene, Neale, Bender, Yoo & Brill LLP. CEC ENTERTAINMENT: Bank Debt Trades at 5.60% Off ------------------------------------------------ Participations in a syndicated loan under which CEC Entertainment Inc is a borrower traded in the secondary market at 94.40 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 0.80 percentage points from the previous week. CEC Entertainment Inc pays 325 basis points above LIBOR to borrow under the $760 million facility. The bank loan matures on Feb. 14, 2021 and Moody's B2 rating and Standard & Poor's B- rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. CONCORDIA HEALTHCARE: Bank Debt Trades at 15.83% Off ---------------------------------------------------- Participations in a syndicated loan under which Concordia Healthcare Corp is a borrower traded in the secondary market at 84.17 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 2.02 percentage points from the previous week. Concordia Healthcare Corp pays 500 basis points above LIBOR to borrow under the $500 million facility. The bank loan matures on October 20, 2021 and carries Moody's Caa2 rating and Standard & Poor's CCC- rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. CONDOMINIUM ASSOCIATION: Hires Kurtzman as Claims Agent ------------------------------------------------------- The Condominium Association of The Lynnhill Condominium, seeks authority from the U.S. Bankruptcy Court for the District of Maryland to employ Kurtzman Carson Consultants LLC as claims, noticing and balloting agent to the Debtor. Condominium Association requires Kurtzman to: a. at the Debtor's or Clerk's request, serve motions, applications, notices and any other pleadings in the Debtor's chapter 11 case, including: (i) notice of the commencement of the bankruptcy case and the initial meeting of creditors under section 341(a) of the Bankruptcy Code; (ii) notice of the claims bar date; (iii) notice of objection to claims; (iv) notice of the hearing on the disclosure statement and confirmation of the chapter 11 plan; and (v) other miscellaneous notices to any entities, as the Debtor or the Court may deem necessary or appropriate for an orderly administration of the Debtor's chapter 11 case; b. after service of a particular motion, pleading or notice, prepare a certificate or affidavit of service that includes a copy of, or references by docket number, the motion, pleading or notice involved, a list of persons that were served, and the date and manner of service; c. maintain copies of all proofs of claim and proofs of interest filed in this case; d. maintain official claims registers, including, among other things, the following information for each proof of claim or proof of interest: (i) the name and address of the claimant and any agent thereof, if the proof of claim or proof of interest was filed by an agent; (ii) the date received; (iii) the claim number assigned; and (iv) the asserted amount and classification of the claim; e. implement necessary security measures to ensure the completeness and integrity of the claims registers; f. transmit to the Clerk's office a copy of the claims registers on a monthly basis, unless requested by the Clerk's office on a more or less frequent basis; or in the alternative, make available the claims register online; g. maintain an up-to-date mailing list for all entities that have filed a proof of claim, proof of interest, or notice of appearance in this case, which list shall be available upon request of a party in interest or the Clerk's office; h. provide access to the public of copies of the proofs of claim or interest without charge during regular business hours; i. record all transfers of claims pursuant to Rule 3001(e) of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules") and provide notice of such transfers as required by Rule 3001(e) of the Bankruptcy Rules; j. comply with applicable federal, state, municipal, and local statutes, ordinances, rules, regulations, orders and other requirements; k. provide temporary employees to process claims, as necessary; l. provide balloting services in connection with the solicitation process for the chapter 11 plan for which a disclosure statement has been approved by the bankruptcy Court; m. provide such other claims processing, noticing and related administrative services as the Debtor may request from time to time; and n. promptly comply with such further conditions and requirements as the Court may at any time prescribe. Kurtzman will be paid at these hourly rates: Director of Solicitation $215 Solicitation Consultant $195 Executive VP No charge Consultant/Senior Consultant $70-$195 Technology Consultant $33-$70 Analyst $30-$50 Kurtzman will be paid a retainer in the amount of $15,000. Kurtzman will also be reimbursed for reasonable out-of-pocket expenses incurred. Evan Gershbein, senior vice-president of corporate restructuring of Kurtzman Carson Consultants LLC, 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 its estates. Kurtzman can be reached at: Evan Gershbein KURTZMAN CARSON CONSULTANTS LLC 2335 Alaska Ave. El Segundo, CA 90245 Tel: (310) 823-9000 Fax: (310) 823-9133 E-mail: dfoster@kccllc.com About The Condominium Association of The Lynnhill Condominium The Condominium Association of the Lynnhill Condominium is an unincorporated condominium association that is in possession of the Lynnhill Apartments, two 7-story buildings located at 3103 and 3107 Good Hope Avenue, Temple Hills, Maryland 20748. The Property has 219 units, a parking lot and common areas. The Property's condition has deteriorated significantly in recent years, to the point that utilities were terminated on more than one occasion, by mid-2017 the Property was approximately 40% vacant, and by the fall of 2017, utilities were conclusively terminated and the balance of the units were vacated and abandoned. Prince George's County has determined that the Property is uninhabitable and has threatened to condemn the Property because it is a threat to the public and a burden to the county. Between the spring of 2016 and approximately Dec. 18, 2017, the Property was uninsured because of the Debtor's dire financial situation. The Debtor previously sought bankruptcy protection on July 2, 2014 (Bankr. D. Md. Case No. 14-20607) and April 28, 2010 (Bankr. D. Md. Case No. 10-19462). The Condominium Association of the Lynnhill Condominium, based in Temple Hills, MD, recently filed a Chapter 11 petition (Bankr. D. Md. Case No. 18-10334) on Jan. 10, 2018. Stanley Briscoe, acting president, signed the petition. In its petition, the Debtor estimated $0 to $50,000 in assets and $1 million to $10 million in liabilities. The Hon. Wendelin I. Lipp presides over the new case. Patrick John Potter, Esq., at Pillsbury Winthrop Shaw Pittman, LLP, serves as bankruptcy counsel to the Debtor. Kurtzman Carson Consultants LLC, is the Debtor's claims, noticing and balloting agent. CONDOMINIUM ASSOCIATION: Hires Transwestern as Real Estate Broker ----------------------------------------------------------------- The Condominium Association of The Lynnhill Condominium seeks authority from the U.S. Bankruptcy Court for the District of Maryland to employ Transwestern Carey Winston, L.L.C., as real estate broker to the Debtor. Condominium Association requires Kurtzman to market and sell the Debtor's property located at 3103 and 3107 Good Hope Avenue, Temple Hills, Maryland 20748. Transwestern will be paid a commission of 2.5% of the final cash sales price of the property. Robin Williams, member of Transwestern Carey Winston, L.L.C., 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 its estates. Transwestern can be reached at: Robin Williams TRANSWESTERN CAREY WINSTON, L.L.C. 6700 Rockledge Drive, Suite 500-A Bethesda, MD 20817 Tel: (301) 571-0900 Fax: (301) 571-3423 About The Condominium Association of The Lynnhill Condominium The Condominium Association of the Lynnhill Condominium is an unincorporated condominium association that is in possession of the Lynnhill Apartments, two 7-story buildings located at 3103 and 3107 Good Hope Avenue, Temple Hills, Maryland 20748. The Property has 219 units, a parking lot and common areas. The Property's condition has deteriorated significantly in recent years, to the point that utilities were terminated on more than one occasion, by mid-2017 the Property was approximately 40% vacant, and by the fall of 2017, utilities were conclusively terminated and the balance of the units were vacated and abandoned. Prince George's County has determined that the Property is uninhabitable and has threatened to condemn the Property because it is a threat to the public and a burden to the county. Between the spring of 2016 and approximately Dec. 18, 2017, the Property was uninsured because of the Debtor's dire financial situation. The Debtor previously sought bankruptcy protection on July 2, 2014 (Bankr. D. Md. Case No. 14-20607) and April 28, 2010 (Bankr. D. Md. Case No. 10-19462). The Condominium Association of the Lynnhill Condominium, based in Temple Hills, MD, recently filed a Chapter 11 petition (Bankr. D. Md. Case No. 18-10334) on Jan. 10, 2018. Stanley Briscoe, acting president, signed the petition. In its petition, the Debtor estimated $0 to $50,000 in assets and $1 million to $10 million in liabilities. The Hon. Wendelin I. Lipp presides over the new case. Patrick John Potter, Esq., at Pillsbury Winthrop Shaw Pittman, LLP, serves as bankruptcy counsel to the Debtor. Kurtzman Carson Consultants LLC, is the Debtor's claims, noticing and balloting agent. COURTNEY BAKER: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Courtney Baker Plumbing, Inc. P.O. Box 299 Hope Mills, NC 28348 Business Description: Courtney Baker Plumbing, Inc is a privately held plumbing contractor in Fayetteville, North Carolina. It is a small business debtor as defined in 11 U.S.C. Section 101(51D), posting gross revenue of $463,471 in 2017 and gross revenue of $664,407 in 2016. Chapter 11 Petition Date: January 15, 2018 Case No.: 18-00190 Court: United States Bankruptcy Court Eastern District of North Carolina (Fayetteville Division) Debtor's Counsel: Trawick H Stubbs, Jr., Esq. STUBBS & PERDUE, P.A. P. O. Drawer 1654 New Bern, NC 28563 Tel: 252 633-2700 Fax: 252 633-9600 E-mail: efile@stubbsperdue.com Total Assets: $710,956 Total Liabilities: $1.15 million The petition was signed by James Courtney Baker, president. A full-text copy of the petition, along with a list of 20 largest unsecured creditors, is available for free at http://bankrupt.com/misc/nceb18-00190.pdf CRANBERRY GROWERS: Jan. 31 Plan Confirmation Hearing ---------------------------------------------------- On January 31, 2018, at 9:00 a.m. (prevailing Central Time), a hearing will be held before the Honorable Catherine J. Furay in the United States Bankruptcy Court for the Western District of Wisconsin, to consider confirmation of the Plan of Reorganization filed by Cranberry Growers Cooperative (d/b/a) CranGrow). The Bankruptcy Court has established January 24, 2018, at 5:00 p.m. (prevailing Central Time) as the deadline for filing and serving objections to confirmation of the Plan. Objections not timely filed and served will be overruled by the Bankruptcy Court. As previously reported by The Troubled Company Reporter, the Debtor's Second Amended Plan provides that Class 4 general unsecured claimants will be paid in Cash its Pro Rata share of Cash from the General Unsecured Recovery Reserve, pursuant to one or more Distributions until the depletion of the General Unsecured Recovery Reserve or payment in full. Estimated distribution for this class is now 7.6% instead of 3.8% as provided in the previous plan. The plan provides for CranGrow to continue to operate but with new business partners and a new financial and membership structure, while incorporating certain features which will ensure the plan is feasible, will enable reorganized CranGrow to operate post-confirmation and will maximize the likelihood of continued success and growth. A full-text copy of Cranberry Growers' disclosure statement dated December 8, 2017 is available at: http://bankrupt.com/misc/wiwb17-13318-cjf-145.pdf Cranberry Growers is represented by: Annette Jarvis, Esq. DORSEY & WHITNEY LLP Kearns Building 136 South Main Street, Suite 1000 Salt Lake City, UT 84101-1685 Email: jarvis.annette@dorsey.com -- and -- Ann Ustad Smith, Esq. MICHAEL BEST & FRIEDRICH LLP One South Pinckney Street, Suite 700 Madison, WI 53703 Tel: (608) 283-2251 Fax: (608) 283-2275 Email: ausmith@michaelbest.com -- and -- Justin M. Mertz, Esq. MICHAEL BEST & FRIEDRICH LLP 100 East Wisconsin Avenue, Suite 3300 Milwaukee, WI 53202 Tel: (414) 225-4972 Fax: (414) 277-0656 Email: jmmertz@michaelbest.com About Cranberry Growers Cranberry Growers Cooperative (CranGrow) -- https://www.crangrow.com/ -- is a group of cranberry growers based in Warrens, Wisconsin, USA. CranGrow currently has 40 grower members, and it is these members that own the co-op. The co-op's growers range in size from small to very large cranberry marshes, most of which have been family owned and operated for generations. Some have been in operation for over 100 years. CranGrow produces sliced sweetened dried cranberries, whole sweetened dried cranberries, single strength juice (not from concentrate), 50 and 65 brix concentrate, and cranberry seed pomace. Unlike many cranberry processors, CranGrow actually grows the fruit and process it themselves. Cranberry Growers Cooperative filed a Chapter 11 petition (Bankr. W.D. Wis. Case No. 17-13318) on Sept. 25, 2017. The petition was signed by James Reed, chief executive officer. At the time of filing, the Debtor estimated $1 million to $10 million in both assets and liabilities. The Debtor's counsel is Justin M. Mertz, Esq., at Michael Best & Friedrich LLP. The Debtor's financial and restructuring advisor is Sierra Constellation Partners LLC; and the firm's Winston Mar serves as the Debtor's chief restructuring officer. The Office of the U.S. Trustee on Oct. 11 appointed three creditors to serve on the official committee of unsecured creditors in the Chapter 11 cases of Cranberry Growers Cooperative. The committee members are North Star Container, LLC, Tournant Inc., and Brickl Bros., Inc. DAKEDA LLC: Hires David C. Smith as Attorney -------------------------------------------- Dakeda, LLC, seeks authority from the U.S. Bankruptcy Court for the Western District of Washington to employ the Law Offices of David C. Smith, PLLC, as attorney to the Debtor. Dakeda, LLC requires David C. Smith to: a. provide legal advice and assistance to the Debtor with respect to matters relevant to the case or relating to any distributions to creditors; b. prepare necessary pleadings in these proceedings; and c. perform all other legal services for the Debtor which may be necessary. David C. Smith will be paid at these hourly rates: Attorneys $300 Associate $250 Legal Assistant $100-$150 David C. Smith received a $3,000 prepetition flat fee. The prepetition flat fee of $3,000 was paid by Don Sumpter. There is a prepetition balance due and owing of $2,000 which David C. Smith will waive the right to recover. There is currently $0 in the firm's trust account. David C. Smith will also be reimbursed for reasonable out-of-pocket expenses incurred. David C. Smith, a partner at the firm, 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 its estates. David C. Smith can be reached at: David C. Smith, Esq. LAW OFFIC201 Saint Helens Ave Tacoma, WA 98402 Tel: (253)272-4777 Fax: (253)461-8888 About Dakeda, LLC Dakeda, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 17-43534) on Sept. 21, 2017. Donald Sumpter, managing member, signed the petition. At the time of the filing, the Debtor estimated assets and liabilities of less than $500,000. The Debtor hired the Law Offices of David C. Smith, PLLC, as attorney. DECATUR ATHLETIC: DCC Added as Secured Claimant in Latest Plan -------------------------------------------------------------- Decatur Athletic Club, LLC filed with the U.S. Bankruptcy Court for the Northern District of Alabama a second amended chapter 11 plan of reorganization dated Jan. 5, 2018. The latest plan adds the Allowed Secured Claim of Direct Capital Corporation in Class 1(e) in the amount of $68,925.60. The Debtor reserves the right to change valuation of such claim. Class 1(e) will accrue interest at 5.25%. This class will be paid per month in 60 equal monthly installments commencing 60 days after the Effective Date of the Plan. Such payments will be $1,308.62, per month until paid. This payment will be paid direct by the Debtor. Western Equipment Finance, Inc., classified as Class 1(c) in the previous plan, is no longer classified as a secured claimant in this plan. A full-text copy of the Second Amended Plan is available at: http://bankrupt.com/misc/alnb17-81439-11-204.pdf About Decatur Athletic Club Decatur Athletic Club, LLC owns the Pulse Fitness Center, a health center located at 1801 Beltline Road SW, Suite 420, Decatur, Alabama. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 17-81439) on May 10, 2017. Jeremy Goforth, owner, signed the petition. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of less than $500,000. Judge Clifton R. Jessup Jr. presides over the case. Stuart M. Maples, Esq., at Maples Law Firm, PC, serves as the Debtor's bankruptcy counsel. DENTON DOUGH: Hires DeMarco Mitchell as Counsel ----------------------------------------------- Denton Dough Company, seeks authority from the U.S. Bankruptcy Court for the Northern District of Texas to employ DeMarco Mitchell, PLLC, as counsel to the Debtor. Denton Dough requires DeMarco Mitchell to: a. take all necessary action to protect and preserve the estate, including the prosecution of actions on its behalf, the defense of any actions commenced against the Debtor, negotiate concerning all litigation in which it is involved, and objecting to claims; b. prepare on behalf of the Debtor all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate herein; c. formulate, negotiate, and propose a plan of reorganization; and d. perform all other necessary legal services in connection with the bankruptcy proceedings. DeMarco Mitchell will be paid at these hourly rates: Attorneys $300-$350 Paralegals $125 DeMarco Mitchell received a retainer of $10,000 from the Debtor prior to the petition date. DeMarco Mitchell incurred fees of $4,060 and $1,717 filing fee, the remaining balance of $4,223 was held in the firm's trust account. DeMarco Mitchell will also be reimbursed for reasonable out-of-pocket expenses incurred. Robert T. DeMarco, a partner at DeMarco Mitchell, 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 its estates. DeMarco Mitchell can be reached at: Robert T. DeMarco, Esq. DEMARCO MITCHELL, PLLC 1255 W. 15th Street, 805 Plano, TX 75075 Tel: (972) 578-1400 Fax: (972) 346-6791 E-mail: robert@demarcomitchell.com About Denton Dough Company Founded in 2010, Denton Dough Company is a privately held company based in Denton, Texas. The company is equally owned by Martha Jensen and Monte Jensen. Denton Dough is affiliated with Melkinney, LLC, which sought bankruptcy protection (Bankr. N.D. Tex. Case No. 17-31859) on May 5, 2017. Denton Dough Company filed a voluntary Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-34650) on Dec. 11, 2017. Martha Jensen, president, signed the petition. At the time of filing, the Debtor estimated $500,000 to $1 million in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Stacey G. Jernigan. Robert Thomas DeMarco, Esq., at DeMarco-Mitchell, PLLC, serves as counsel to Denton Dough. DLJ MANAGEMENT: Case Summary & 3 Unsecured Creditors ---------------------------------------------------- Debtor: DLJ Management Services, LLC 2798 NE 5th St Pompano Beach, FL 33062-4925 About the Debtor: DLJ Management Services, LLC is a privately owned company based in Pompano Beach, Florida. Chapter 11 Petition Date: January 16, 2018 Court: United States Bankruptcy Court Southern District of Florida (Fort Lauderdale) Case No.: 18-10543 Judge: Hon. Raymond B Ray Debtor's Counsel: Chad T Van Horn, Esq. VAN HORN LAW GROUP, P.A. 330 N Andrews Ave #450 Ft Lauderdale, FL 33301 Tel: 954-765-3166 Fax: 954-756-7103 E-mail: Chad@cvhlawgroup.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by John L. Derynda, manager. A copy of the Debtor's list of three unsecured creditors is available for free at: http://bankrupt.com/misc/flsb18-10543_creditors.pdf A full-text copy of the petition is available for free at: http://bankrupt.com/misc/flsb18-10543.pdf EXCEL STAFFING: Feb. 7 Plan Confirmation Hearing ------------------------------------------------ Judge Keith L. Phillips of the U.S. Bankruptcy Court for the Eastern District of Virginia approved the disclosure statement explaining Excel Staffing Services, Inc.'s plan and scheduled the hearing to consider confirmation of the plan for Feb. 7, 2018, at 11:00 a.m. Objections to confirmation of the Plan are due on Jan. 31. As reported by the Troubled Company Reporter on Oct. 3, 2017, the Debtor filed with the Court a disclosure statement to accompany its plan of reorganization, dated Sept. 22, 2017, which proposes that each holder of Class 7 General Unsecured Claims receive its pro rata share of the GUC Designation -- annual net income for operations, less reasonable overhead, reasonable operational costs, the Operational Reserve, and Plan Payments -- on each Distribution Date commencing the next Distribution Date following payment in full of all Allowed Priority Claims until the value of such Allowed Unsecured Claims have been paid in full, or the sixth Distribution Date. The Debtor will have the right to prepay any Allowed Claim in Class 7 without penalty. The obligations of the Debtor with respect to Claims in Class 7 will not be secured. About Excel Staffing Services Excel Staffing Services, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No. 16-35795) on Nov. 28, 2016. The petition was signed by Billie Brown, president. At the time of the filing, the Debtor estimated assets and liabilities of less than $500,000. The Debtor hired Tavenner & Beran PLC as bankruptcy counsel, and ReavesColey, PLLC, as special counsel. No official committee of unsecured creditors has been appointed in the case. EXCO RESOURCES: Case Summary & 50 Largest Unsecured Creditors ------------------------------------------------------------- Lead Debtor: EXCO Resources, Inc. 12377 Merit Drive, Suite 1700 Dallas, TX 75251 Type of Business: EXCO Resources-- www.excoresources.com -- is an independent oil and natural gas company engaged in the exploration, exploitation, acquisition, development and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. Principal operations are conducted in certain key U.S. oil and natural gas areas including Texas, Louisiana and the Appalachia region. Chapter 11 Petition Date: January 15, 2018 Affiliates that simultaneously filed Chapter 11 petitions: Debtor Case No. ------ -------- EXCO Resources, Inc. (Lead Case) 18-30155 EXCO GP Partners Old, LP 18-30156 EXCO Holding (PA), Inc. 18-30157 EXCO Holding MLP, Inc. 18-30158 EXCO Land Company, LLC 18-30159 EXCO Midcontinent MLP, LLC 18-30160 EXCO Operating Company, LP 18-30161 EXCO Partners GP, LLC 18-30162 EXCO Partners OLP GP, LLC 18-30163 EXCO Production Company (PA), LLC 18-30164 EXCO Production Company (WV), LLC 18-30165 EXCO Resources (XA), LLC 18-30166 EXCO Services, Inc. 18-30167 Raider Marketing GP, LLC 18-30168 Raider Marketing, LP 18-30169 Court: United States Bankruptcy Court Southern District of Texas (Houston) Judge: Hon. Marvin Isgur Debtors' Counsel: Marcus A. Helt, Esq. Tel: (214) 999-4526 Fax: (214) 999-3526 E-mail: mhelt@gardere.com Michael K. Riordan, Esq. Tel: (713) 276-5178 Fax: (713) 276-6178 E-mail: mriordan@gardere.com GARDERE WYNNE SEWELL LLP 1000 Louisiana St., Suite 2000 Houston, Texas 77002 - and - Patrick J. Nash, Jr., P.C. Alexandra Schwarzman, Esq. KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 300 North LaSalle Chicago, Illinois 60654 Tel: (312) 862-2000 Fax: (312) 862-2200 E-mail: patrick.nash@kirkland.com alexandra.schwarzman@kirkland.com - and - Christopher T. Greco, Esq. KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 601 Lexington Avenue New York, New York 10022 Tel: (212) 446-4800 Fax: (212) 446-4900 E-mail: christopher.greco@kirkland.com Debtors' Financial Advisor: PJT PARTNERS LP Debtors' Restructuring Advisor: ALVAREZ & MARSAL NORTH AMERICA, LLC Debtors' Notice, Claims, Balloting Agent and Administrative Advisor: EPIQ BANKRUPTCY SOLUTIONS, LLC Web site: http://dm.epiq11.com/#/case/ERI Total Assets: $829,095,000 as of September 30, 2017 Total Debts: $1,355,377,000 as of September 30, 2017 The petition was signed by Tyler Farquharson, chief financial officer, treasurer, and vice president. A full-text copy of EXCO Resources, Inc.'s petition is available for free at: http://bankrupt.com/misc/txsb18-30155.pdf Consolidated List of Debtors' 50 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ Wilmington Savings Fund Society, 7.5% Senior $131,576,000 FSB Notes Due 2018 500 Delaware Avenue Wilmington, DE 19801 Attn: Patrick J. Healy Tel: (302) 888-7420 Email: phealy@wsfsbank.com Wilmington Savings Fund Society, 8.5% Senior Notes $70,169,000 FSB Due 2022 500 Delaware Avenue Wilmington, DE 19801 Attn: Patrick J. Healy Tel: (302) 888-7420 Email: phealy@wsfsbank.com Azure ETG LLC Trade Debt $28,698,314 12377 Merit Drive, Suite 300 Dallas, TX 75251 Attn: I. J. Bertholet, II, President Tel: (972) 888-7420 Attn: Chip Berthelot President Tel: (972) 674-5200 Email: chipb@azuremidstream.com BHP Billiton Petroleum Trade Debt $10,001,897 Properties LP 1100 Louisiana, Suite 400 Houston, TX 77002 Attn: Andrew Mackenzie Chief Executive Officer Tel: (832) 204-2700 Fax: (613) 9609-3015 Attn: Ryan Linton Tel: (713) 499-5526 Email: ryan.linton@bhpbilliton.com Trade Debt $7,631,198 FTS International Services LLC 777 Main Street, Ste 3000 Fort Worth, TX 76102 Attn: Michael J. Doss Chief Executive Officer Tel: (817) 862-2000 Fax: (713) 428-4099 Attn: Cody Dubois Acct Manager Tel: (972) 385-2671 Email: Cody.DuBois@ftsi.com Goodrich Petroleum Co LLC Trade Debt $4,586,270 801 Louisiana, Ste 700 Houston, TX 77002 Attn: Robert C. Turnham, Jr. President & Chief Executive Officer Tel: (713) 780-9494 Fax: (713) 780-9254 Attn: Mark Leiserowitz, CPA Tel: (832) 399-3147 Fax: (832) 389-5347 Email: markl@goodrichpetroleum.com Louisiana Midstream Gas Services LLC Trade Debt $4,035,577 6100 North Western Ave PO Box 18496 Oklahoma City, OK 73154-0496 Attn: J. Michael Stice Chief Executive Officer Tel: (405) 848-8000 Attn: Seth Daniel Commercial Development Rep Tel: (918) 572-6180 Email: seth.daniel@williams.com BP America Production Co. Trade Debt $2,555,702 501 Westlake Park Blvd Houston, TX 77079 Attn: John Minge President Tel: (281) 366-2000 Fax: (281) 366-7584 Attn: Lucia Sporleder, JV Accts Receivable Analyst Tel: +54 11 5432 3837 Email: sporleder.lucia@bp.com Chesapeake Energy Marketing LLC Trade Debt $2,455,392 6100 North Western Ave Oklahoma City, OK 73118 Attn: Robert D. Lawler President & Chief Executive Officer Tel: (405) 848-8000 Fax: (405) 879-9575 Attn: Matt Beller Sr. Crude Oil Marketing Rep Tel: (405) 935-7144 Email: matt.beller@chk.com Indigo Minerals LLC Natural Gas $2,204,413 600 Travis, Ste 5500 Purchasers Houston, TX 77002 and OBO JIB Attn: Frank D. Tsuru Trade President & Chief Executive Officer Tel: (713) 237-5000 Fax: (713) 237-5040 Attn: Sue Anne Smith Accounting Supervisor Tel: (713) 237-5014 Email: s.smith@indigominerals.com Nabors Drilling Technologies USA Inc. Trade Debt $1,770,820 515 West Greens Rd, Ste 1200 Houston, TX 77067 Attn: Anthony G. Peterello President & Chief Executive Officer Tel: (281) 874-0035 Fax: (281) 872-5205 Attn: Trevor Brinkley Manager-Contracts Tel: (903) 747-5545 Email: trevor.brinkley@nabors.com Select Energy Services LLC Trade Debt $1,480,775 515 Post Oak Blvd, Ste 200 Houston, TX 77027 Attn: Holli Ladhani President & Chief Executive Officer Tel: (713) 235-9500 Attn: Eric Mattson Chief Financial Officer Tel: (713) 235-9500 Email: EMattson@selectenergyservices.com Oil States Energy Services LLC Trade Debt $1,309,391 Three Allen Center 333 Clay St, Ste 4620 Houston, TX 77002 Attn: Cindy B. Taylor President & Chief Executive Officer Tel: (713) 652-0582 Fax: (713) 652-0499 Attn: Justin Spataro Regional Sales Tel: (903) 812-3142 Email: Justin.Spataro@oilstates.com Leam Drilling Systems, LLC Trade Debt $1,062,974 3114 West Old Spanish Trail New Iberia, LA 70560 Attn: Danny Childers President Tel: (800) 426-5349 Attn: Noelle Hoening Sales Tel: (214) 505-6135 Email: noelle.hoening@leam.net Paradigm Midstream Services-St LLC Trade Debt $990,821 545 John Carpenter Freeway, Suite 800 Irving, TX 75062 Attn: John Steen Chief Executive Officer Attn: Jenney Waggoner Vice President - Business Development Tel: (214) 389-8166 Email: jwaggoner@paradigmmidstream.com Sun Coast Resources Inc. Trade Debt $930,395 6405 Cavalcade St., Bldg 1 Houston, TX 77026 Attn: Kathy Lehne Chief Executive Officer Tel: (800) 677-3835 Attn: Terah Parks Sales Tel: (713) 429-8868 Email: tparkins@suncoastresources.com GE Oil Gas Pressure Control LP Trade Debt $869,610 3960 Commerce St SW Canton, OH 44706 Attn: Lorenzo Simonelli Chairman, President & Chief Executive Officer Tel: (330) 915-2500 Fax: (832) 325-4350 Attn: Rusty Spinks Regional Sales Tel: (972) 447-2614 Email: rusty.spinks@ge.com Patterson UTI Drilling Company LLC Trade Debt $764,541 10713 West Sam Houston Parkway North, Suite 800 Houston, TX 77064 Attn: William A. (Andy) Hendricks President and Chief Executive Officer Tel: (281) 765-7100 Fax: (281) 765-7175 Attn: Danny Brumley VP of Mkt Tel: (817) 523-5267 Email: danny.brumley@patenergy.com MS Directional LLC Trade Debt $743,966 3335 Pollock Drive Conroe, TX 77303 Attn: Allen R. Neel President and Chief Executive Officer Tel: (936) 442-2500 Fax: (936) 442-2599 Attn: Jeff R. Jones SW Sales Manager Tel: (469) 540-5514 Email: jjones@msenergyservices.com Sky-Lin Trade Debt $606,720 6911 Vardaman Rd Keithville, LA 71047 Attn: Linda Williams Managing Member Tel: (318) 925-5249 Fax: (318) 925-5248 Attn: Tyler Williams Tel: (318) 925-5249 Fax: (318) 925-5248 Email: tyler@skylin.net Stallion Oilfield Services Trade Debt $571,996 950 Corbindale, Ste 400 Houston, TX 77024 Attn: David C. Mannon President and Chief Executive Officer Tel: (713) 528-5544 Fax: (713) 528-1276 Attn: Steve Thompson BD Tel: (817) 229-7128 Email: sthompson@sofs.cc Baker Hughes Business Support SVS Trade Debt $564,919 17021 Aldine Westfield Houston, TX 77073 Attn: Mark S. Craifield Chairman and Chief Executive Officer Tel: (713) 439-8600 Attn: Jason M Price Acct Manager Tel: (972) 465-1034 Email: jason.price@bakerhughes.com Gulf Coast TMC LLC Trade Debt $532,919 7670 Hwy 10 Ethel, LA 70730 Attn: Charles E. Weaver III Member Tel: (225) 683-6636 Fax: (225) 683-6652 Attn: Trae Weaver Sales Email: tw@gulfcoasttmc.com S3 Pump Service Trade Debt $504,964 1918 Barton Dr Shreveport, LA 71107 Attn: Malcolm H. Sneed III President Tel: (318) 996-7030 Fax: (318) 221-7096 Attn: Jeff Silva President Tel: (318) 423-0414 Email: rsilva@s3pumpservice.com Cogent Energy Services LLC Trade Debt $489,062 919 Milam St., Ste 2480 Houston, TX 77002 Attn: Chet Erwin President and Chief Executive Officer Tel: (713) 554-1200 Attn: Brad Slaton Tel: (318) 548-9245 Email: bslaton@cogentenergyservices.com Fluid Disposal Specialties Inc. Trade Debt $415,013 209 Sam Baird Road Homer, LA 91040-2019 Attn: Mike Hays President Tel: (318) 927-6178 Fax: (318) 927-6965 Attn: Timothy G. Brown Chief Financial Officre Email: timbrown@hayscompanies.biz Thomas Oilfield Services LLC Trade Debt $355,556 4250 Loop 281 Longview, TX 75602 Attn: Greg Peeler President Tel: (855) 778-5940 Fax: (855) 778-5940 Attn: Christopher Steele, Sr. Executive Sales Email: CSteele2@slb.com CNC Oilfield Services LLC Trade Debt $325,412 2000 Cedar St Shreveport, LA 71103 Attn: Colton Sanders Managing Operator Tel: (318) 584-7099 Email: colton.s@cncoilfield.com Chesapeake Operating Inc. Trade Debt $307,565 6100 North Western Ave Oklahoma City, OK 73118 Attn: Robert D. Lawler, President President and Chief Executive Officer Tel: (405) 848-8000 Fax: (405) 879-9575 Attn: Michelle Surratt Accounting Assistant II Tel: (405) 935 4123 Email: michelle.surratt@chk.com West Louisiana Aggregates LLC Trade Debt $301,439 10305 John W Holt Jr. Blvd Shreveport, LA 71115 Attn: Mathew Carroll President Tel: (936) 639-2215 Fax: (318) 317-5971 Email: mcarroll@westlaagg.com Weatherford U.S. L.P. Trade Debt $296,725 2000 Saint James Place Houston, TX 77056 Attn: Karl Blanchard Executive Vice President Operating Officer Tel: (713) 836-4000 Fax: (713) 693-4300 Attn: Angela Martin Corporate Sales Tel: ( 972) 661-6724 Email: angela.martin@weatherford.com Curtis Oilfield Services LLC Trade Debt $270,374 PO Box 1236 Silsbee, TX 77656 Attn: Buford E. Curtis Manager Tel: (409) 385-2937 Fax: (409) 385-4202 TDJ Oilfield Services, LLC Trade Debt $263,843 5857 Highway 80 East Princeton, LA 71067 Attn: Thomas Steven Moore Consultant/Manager Tel: (318) 949-9279 Fax: (318) 949-4639 Email: tdjoil@yahoo.com Attn: Randy Ward Tel: (318) 949-9279 Fax: (318) 949-4639 Email: randy@tdjoilfieldservicesllc.com Curtis and Son Vacuum Service Inc. Trade Debt $261,500 Hwy 146 Liberty, TX 77575 Attn: Curtis Hudnall President Tel: (936) 1188 Email: csvs@curtisandsonco.com M6 Energy Services LLC Trade Debt $251,039 Email: tbone@m6energy.com Southern Soil Environmental Inc. Trade Debt $233,633 Email: amymize@southernsoilenv.com Kinderhawk Field Services LLC Trade Debt $212,435 Email: Nicholas_Cherry@kindermorgan.com Magnolia Midstream Gas Services LLC Trade Debt $209,294 Email: seth.daniel@williams.com BJ Services Company USA Trade Debt $191,343 Email: jason.price@bakerhughes.com Downhole Technology LLC Trade Debt $190,465 Email: thomas.barton@downholetechnology.com Heckmann Water Resources CVR Inc. Trade Debt $184,391 Email: steve.london@nuverra.com TEC Well Service LLC Trade Debt $180,875 Email: SShore@tecwell.com Light Tower Rentals Trade Debt $178,083 Email: coavary@ltr.com Peak Fishing Services LLC Trade Debt $173,380 Email: grace@peakfishingservices.com Peroxy Chem LLC Trade Debt $160,321 Email: carleton.parker@peroxychem.com Freedom Oilfield Service LLC Trade Debt $159,728 Email: matt@freedomoilfield.net Enterprise Products Operating LLC Contract Dispute Undetermined Email: pikner@eprod.com Long Petroleum LLC Litigation Undetermined Email: kevin@longpetro.com OOGC America LLC (Eagle Ford) Contract Undetermined Email: Kim.Woima@nexencnoocltd.com Dispute Regency Gas Services LP Contract Undetermined Email:martin.anthony@regencygas.com Disputes FIDALGO 2010: Plan to be Funded by Rental Income ------------------------------------------------ Fidalgo 2010 has filed a combined plan and disclosure statement with the the U.S. Bankruptcy Court for the Western District of Washington. The claim of Old Republic Title Company, amounting to $347,417.58, and secured by collateral at 22814 Mud Lake Road, Mt. Vernon, WA 98273, will be paid at $1,659.00 per month beginning on the first day of the first full month following the effective date of the confirmation of the plan, and until 30 years thereafter. The claim has a 4% interest rate. The secured claim of Mr. Cooper (fka Nationstar) has been the subject matter of significant litigation for many years. The property is pledged as collateral on an obligation assumed by Mr. and Mrs. Beverick, to which Fidalgo 2010, LLC is not a party to. Accordingly, this obligation will be paid outside of the plan by Mr. and Mrs. Beverick as determined by the outcome of that litigation, if any. As to Fidalgo 2010, LLC and its assets, the claim is disallowed. Additionally, any liens purported to be held by Mr. Cooper will be stripped from the property upon confirmation of this Plan. There are no general unsecured claims against the debtor. Membership of the equity interest holderes shall not be affected by the plan. Payments and distributions under the plan will be funded by the rental of the home as a single-family residence to the current long-term tenant. Any obligations of Michael and Cindy Beverick will be paid outside of this plan from their separate incomes. A full-text copy of Fidalgo 2010's combined plan and disclosure statement is available at: http://bankrupt.com/misc/wawb17-14004-32.pdf Fidalgo 2010 is represented by: Larry B. Feinstein, Esq. VORTMAN & FEINSTEIN 520 Pike Street, Suite 2250 Seattle, WA 98101 Tel: (206)223-9595 Fax: (206)386-5355 Email: feinstein1947@gmail.com About Fidalgo 2010 LLC Based in Leavenworth, Washington, Fidalgo 2010, LLC, filed a Chapter 11 petition (Bankr. W.D. Wash. Case No. 17-14004) on Sept. 12, 2017. Larry B. Feinstein, Esq., at Vortman & Feinstein, P.S., is the Debtor's counsel. The Debtor estimated less than $1 million in both assets and liabilities. FLORIDA FOLDER: Hires Altizer & Company as Accountant ----------------------------------------------------- Florida Folder Service, Inc., seeks authority from the U.S. Bankruptcy Court for the Middle District of Florida to employ Altizer & Company, P.A., as accountant to the Debtor. Florida Folder requires Altizer & Company to assist the Debtor in completing unfiled tax returns, and general accounting needs. Altizer & Company will be paid at the hourly rate of $350. Altizer & Company will also be reimbursed for reasonable out-of-pocket expenses incurred. Keith Altizer, partner of Altizer & Company, P.A., 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 its estates. Altizer & Company can be reached at: Keith Altizer, Esq. ALTIZER & COMPANY, P.A. 431 East Horatio Avenue, Suite 300 Maitland, FL 32751 Tel: (407) 539-1188 About Florida Folder Service Florida Folder Service, Inc., a/k/a Brochure Displays, a/k/a Digital Press -- http://brochuredisplays.com/-- provides professional brochure distribution at hundreds of motels, hotels and other tourism related businesses in prime markets throughout the southeast, including Florida, Georgia, Tennessee and the Carolinas. Its Florida markets include the major resort destinations of Daytona Beach, St. Augustine, Jacksonville and New Smyrna Beach. Florida Folder Service filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 17-03869) on Nov. 6, 2017. Terry McDonough, president, signed the petition. At the time of filing, the Debtor disclosed $843,347 in assets and $1,040,000 in liabilities. The case is assigned to Judge Jerry A. Funk. The Debtor is represented by Jason A Burgess, Esq., at the Law Offices of Jason A. Burgess, LLC. FRONTIER COMMUNICATIONS: Bank Debt Trades at 4.44% Off ------------------------------------------------------ Participations in a syndicated loan under which Frontier Communications Corp is a borrower traded in the secondary market at 95.56 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents a decrease of 0.74 percentage points from the previous week. Frontier Communications Corp pays 375 basis points above LIBOR to borrow under the $1.500 billion facility. The bank loan matures on June 15, 2024 and Moody's B2 rating and Standard & Poor's BB- rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. GENERAL NUTRITION: Bank Debt Trades at 17.48% Off ------------------------------------------------- Participations in a syndicated loan under which General Nutrition Centers is a borrower traded in the secondary market at 82.52 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents a decrease of 1.22 percentage points from the previous week. General Nutrition Centers pays 250 basis points above LIBOR to borrow under the $1.375 billion facility. The bank loan matures on Mar. 4, 2019 and Moody's B3 rating and Standard & Poor's CC rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. GETTY IMAGES: Bank Debt Trades at 8.51% Off ------------------------------------------- Participations in a syndicated loan under which Getty Images Inc is a borrower traded in the secondary market at 91.49 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 1.09 percentage points from the previous week. Getty Images Inc pays 350 basis points above LIBOR to borrow under the $1.900 billion facility. The bank loan matures on Oct. 3, 2019 and Moody's B3 rating and Standard & Poor's CCC rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. GORDON ST CONDOS: Case Summary & 4 Unsecured Creditors ------------------------------------------------------ Debtor: Gordon St Condos LLC 5739 Kanan Rd #292 Agoura Hills, CA 91301 Business Description: Gordon St Condos LLC listed itself as a Single Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). The company is the fee simple owner of a four-unit real property located at 1200 Gordon Street Los Angeles, CA 90038 with a comparable sale value of $1.30 million. The company had gross rental revenue of $72,000 in 2017 and $72,000 in 2016. Chapter 11 Petition Date: January 11, 2018 Case No.: 18-10096 Court: United States Bankruptcy Court Central District of California (San Fernando Valley) Judge: Hon. Martin R. Barash Debtor's Counsel: David B Golubchik, Esq. LEVENE, NEALE, BENDER, YOO & BRILL LLP 10250 Constellation Blvd Ste 1700 Los Angeles, CA 90067 Tel: 310-229-1234 E-mail: dbg@lnbyb.com Total Assets: $1.58 million Total Liabilities: $1.14 million The petition was signed by Paul Morady, manager of Napa Industries, LLC, manager of Debtor. A full-text copy of the petition, along with a list that contains, among other items, a list of the Debtor's four unsecured creditors, is available for free at http://bankrupt.com/misc/cacb18-10096.pdf GST AUTOLEATHER: Dickinson & Womble Bond Represent 7 Creditors -------------------------------------------------------------- Dickinson Wright PLLC and Womble Bond Dickinson (US) LLP filed with the U.S. Bankruptcy Court for the District of Delaware a verified statement pursuant to Rule 2019(a) of the Federal Rules of Bankruptcy Procedure, stating that the Firms represent seven creditors in the Chapter 11 cases of GST Autoleather, Inc., and its affiliates. The Firms represent: a. FCA US LLC 1000 Chrysler Drive Auburn Hills, Michigan 48326-2766 b. Adient US LLC 49200 Halyard Drive Plymouth, Michigan 48170 c. Irvin Automotive Products LLC 2600 Centerpoint Parkway Pontiac, Michigan 48341 d. Magna Seating of America, Inc. 30020 Cabot Drive Novi, Michigan 48377 e. Yanfeng USA Automotive Trim Systems Inc. 41935 West 12 Mile Road Novi, Michigan 48377 f. Yanfeng Mexico Interiors S. de R.L. de C.V. Av. Industria Metalúrgica No. 1030 Ramos Arizpe, Coahuila, 25900 Mexico g. Yanfeng US Automotive Interior Systems I LLC 41935 West 12 Mile Road Novi, Michigan 48377 FCA US LLC, and its applicable affiliates, have claims against the Debtors, including (without limitation) arising from its certain purchase orders and/or supply contracts with certain of the Debtors. Adient US LLC, Magna Seating of America, Inc., Yanfeng USA Automotive Trim Systems Inc., Yanfeng Mexico Interiors S. de R.L. de C.V., and Yanfeng US Automotive Interior Systems I LLC have claims against the Debtors, including (without limitation) arising from purchase orders and supply contracts with certain Debtors, which may include (without limitation) award letters and SSOWs. Irvin Automotive Products LLC has claims against the Debtors, including (without limitation) arising from purchase orders and supply contracts with certain Debtors, which may include (without limitation) certain purchase order amendments, requests for quotation, blanket purchase orders, releases, and similar documents. The creditors are in the process of compiling the information regarding their claims and the amounts thereof. Each of Dickinson Wright and WBD's clients engaged the firms independently of one another, in order for the firm to represent each client in the Debtors' bankruptcy cases and any related proceedings. Each representation is a separate and distinct lawyer-client relationship, with separately maintained work product and attorney-client privileges with respect to each separate client entity. The Firms assure the Court that neither Dickinson Wright nor WBD hold any claim or interest with respect to the Debtors' cases. The Firms can be reached at: DICKINSON WRIGHT PLLC James A. Plemmons, Esq. 500 Woodward Avenue, Suite 4000 Detroit, MI 48226 Tel: (313) 223-3500 E-mail: jplemmons@dickinsonwright.com -- and -- M. Kimberly Stagg, Esq. 424 Church Street, Suite 800 Nashville, TN 37219 Tel: (615) 620-1732 E-mail: kstagg@dickinsonwright.com -- and -- WOMBLE BOND DICKINSON (US) LLP Matthew P. Ward, Esq. Morgan L. Patterson, Esq. 222 Delaware Avenue, Suite 1501 Wilmington, DE 19801 Tel: (302) 252-4320 Fax: (302) 252-4330 E-mail: matthew.ward@wbd-us.com morgan.patterson@wbd-us.com About GST Autoleather Headquartered in Southfield, Michigan, GST AutoLeather, Inc., was founded in 1933, then known as Garden State Tanning, initially operated as a tanning company that processed leather for the upholstery and garment industries. The Company entered the automotive industry in 1946. As of Oct. 3, 2017, the Company employs approximately 5,600 people worldwide, including the United States, Mexico, Japan, China, Korea, Germany, Hungary, South Africa, and Argentina. The Company supplies leather to virtually every major OEM in the automotive industry, including Audi, BMW/Mini, Daimler, Fiat Chrysler, Ford, General Motors, Hyundai, Honda, Porsche, PSA, Nissan, Kia, Toyota and Volkswagen. GST AutoLeather, Inc., and five of its affiliates filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (Bankr. D. Del. Lead Case No. 17-12100) on Oct. 3, 2017. The Hon. Laurie Selber Silverstein is the case judge. The Debtors tapped Kirkland & Ellis LLP as general bankruptcy counsel; Pachulski Stang Ziehl & Jones LLP as local bankruptcy counsel; Lazard Middle Market, LLC as financial advisor; Alvarez & Marsal North America, LLC as restructuring advisor; and Epiq Bankruptcy Solutions, LLC as claims and noticing agent, Ernst & Young LLP, as tax advisors. Deloitte & Touche LLP, as independent auditor. On Oct. 13, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. The Committee is represented by Christopher M. Samis, L. Katherine Good, Aaron H. Stulman, Christopher A. Jones and David W. Gaffey of Whiteford Taylor & Preston LLP and Erika L. Morabito, Brittany J. Nelson, John A. Simon, Richard J. Bernard and Leah Eisenberg of Foley & Lardner LLP. Royal Bank of Canada is represented by Andrew V. Tenzer of Paul Hastings LLP. HAHN HOTELS: TBT Objects to Disclosure Statement ------------------------------------------------ Texas Bank and Trust (TBT) objected to the disclosure statement filed by Hahn Hotels of Sulphur Springs, LLC, et al. with the U.S. Bankruptcy Court for the Eastern District of Texas. TBT objects to the disclosure for its failure to contain adequate information. TBT alleged that the disclosure statement lacks specificity, as the means by which the debtors will pay their creditors is not clearly disclosed. TBT also pointed out that the plan itself includes no declaration of Hahn Hotels' intent to retain Hawthorn. TBT further argued that the disclosure statement does not adequately describe the available assets and their current values, and also fails to reveal the terms, impact and significance of the absolute priority rule. In addition, TBT alleged that the disclosure statement does not explain the basis for adjusting the value of the debtor's interest in its subsidiaries to "0%" in each instance in the liquidation analyis. TBT also argued that the disclosure statement does not include the following financial information, data, valuations or projections: -- pre-petition historical income and expense information for each debtor -- projected income and expense information for each debtor beyond 2018 -- a description of the projected impact, if any, the sale or liquidation of assets by one debtor will or may have on that debtor, and/or on the other debtors -- adequate information regarding any proposed sale of City Center or the Hawthorn TBT alleged that the disclosure statement does not include adequate information regarding administrative expenses, and that it has no description of the amount of Mr. Hahn's salary given beyond 2018. The disclosure also fails to explain why retention of Mr. Hahn as manager of each reorganized debtor is in the best interests of each debtor's estate and its creditors. Lastly, TBT argued that the disclosure statement does not adequately provide information relevant to risks posed to creditors under the plan. A full-text copy of TBT's objection dated December 11, 2017, is available at: http://bankrupt.com/misc/txeb17-40947-289.pdf TBT is represented by: John F. Bufe, Esq. POTTER MINTON 110 N. College, Suite 500 Tyler, TX 75702 Tel: (903)597-8311 Fax: (903)593-0846 Email: johnbufe@potterminton.com About Hahn Hotels Headquartered in Sulphur Springs, Texas, Hahn Hotels of Sulphur Springs, LLC, owns the La Quinta Inns and Suites, which provides hotel accommodations for business and leisure travelers across the United States, Canada, and Mexico. Hahn Hotels of Sulphur Springs, LLC, along with its affiliates, including Hahn Investments, LLC, sought Chapter 11 protection (Bankr. E.D. Tex. Lead Case No. 17-40947) on May 1, 2017. The petitions were signed by Dante Hahn, president. Hahn Hotels of Sulphur estimated its assets and liabilities between $1 million and $10 million. Hahn Investments estimated its assets and liabilities between $10 million and $50 million. Judge Brenda T. Rhoades presides over the cases. Jessica Leigh Voyce Lewis, Esq., and Judith W. Ross, Esq., at The Law Offices of Judith W. Ross and Eric Soderlund, Esq., who has an office in Dallas, Texas, serve as the Debtors' bankruptcy counsel. HIGH PLAINS COMPUTING: Awaiting Award of Potential Contracts ------------------------------------------------------------ High Plains Computing, Inc., filed with the U.S. Bankruptcy Court for the District of Colorado a first amended disclosure statement, dated Jan. 5, 2018, to accompany its chapter 11 plan of reorganization dated Sept. 18, 2017. The latest filing states that the Plan allows the Debtor to pre-pay the Class 3 general unsecured claimants by paying one half of the amount due on such claims at the time they are paid up until 24 months following the confirmation of the Plan. As long as the Debtor can continue to operate and generate revenue, the Plan will be feasible. This is because the payments are based on 3% of the Debtor's gross revenue not a net revenue number. This formula will allow for payments regardless of the Debtor's level of performance. The Debtor is also awaiting the potential award of any of several contracts that it has applied for. Many of the contracts are with one or more agencies of the Federal Government and several are with private industry. The Debtor is continuing to apply for new contracts and they are expected to be awarded on an ongoing basis. A copy of the First Amended Disclosure Statement is available at: http://bankrupt.com/misc/cob17-14819-220.pdf About High Plains Computing High Plains Computing, Inc., dba HPC Solutions -- http://www.hpc-solutions.net/-- offers a broad portfolio of services and solutions in Information Technology (IT), Unified Communications and Professional Services for the government and healthcare industries. The Debtor works with manufacturers of IT software, cloud computing, collaboration, storage, and integration. The Company also offers a wide array of professional services to include IT support and developmental services, data management services, network engineering, technical subject matter experts, administrative services, engineering and more. The Debtor, based in Denver, Colorado, filed a Chapter 11 petition (Bankr. D. Colo. Case No. 17-14819) on May 23, 2017. In its petition, the Debtor estimated less than $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Roger Cree, CEO. Judge Joseph G. Rosania Jr. presides over the case. Lee M. Kutner, Esq., at Kutner Brinen, P.C., serves as bankruptcy counsel. On Sept. 7, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. HOBBICO INC: Hires JND Corporate as Claims and Noticing Agent ------------------------------------------------------------- Hobbico, Inc., and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of Delaware to employ JND Corporate Restructuring, as claims and noticing agent to the Debtors. Hobbico, Inc. requires JND Corporate to: a. prepare and serve required notices and documents in the bankruptcy case in accordance with the Bankruptcy Code and the Bankruptcy Rules in the form and manner directed by the Debtor and the Court, including (i) notice of the commencement of the case and the Chapter 11 case and the initial meeting of creditors under the Bankruptcy Code, (ii) notice of any claims bar date, (iii) notices of transfer of claims, (iv) notices of objections to claims and objections to transfers of claims, (v) notices of any hearings on a disclosure statement and confirmation of the Debtor's plan or plans of reorganization, including under Bankruptcy Rule 3017(d), (vi) notice of the effective date of any plan and (vii) all other notices, orders, pleadings, publications and other documents as the Debtor or Court may deem necessary or appropriate for an orderly administration of the Chapter 11 case; b. maintain an official copy of the Debtor's schedules of assets and liabilities and statement of financial affairs, listing the Debtor's known creditors and the amounts owed thereto; c. maintain (i) a list of all potential creditors, equity holders and other parties-in-interest and (ii) a core mailing list consisting of all parties described in sections 2002(i), (j) and (k) and those parties that have filed a notice of appearance pursuant to Bankruptcy Rule 9010; updated said lists and make said lists available upon request by a party-in-interest or the Clerk; d. furnish a notice to all potential creditors of the last date for the filing of proofs of claim and a form for the filing of a proof of claim, after such notice and form are approved by the bankruptcy Court, and notify said potential creditors of the existence, amount and classification of their respective claims as set forth in the Schedules, which may be effected by inclusion of such information on a customized proof of claim form provided to potential creditors; e. maintain a post office box or address for the purpose of receiving claims and returned mail, and process all mail received; f. for all notices, motions, orders or other pleadings or documents served, prepare and file or caused to be filed with the Clerk an affidavit or certificate of service within seven (7) business days of service which includes (i) either a copy of the notice served or the docket number and title of the pleading served, (ii) a list of persons to whom it was mailed, in alphabetical order, with their addresses, (iii) the manner of service ,and (iv) the date served; g. process all proofs of claim received, including those received by the Clerk's Office, and check said processing for accuracy, and maintain the original proofs of claim in a secure area; h. maintain the official claims register for the Debtor on behalf of the Clerk; upon the Clerk's request, provide the Clerk with certified, duplicate unofficial Claims Register; and specify in the Claims Registers the following information for each claim docketed (i) the claim number assigned, (ii) the date received, (iii) the name and address of the claimant and agent, if applicable, who filed the claim, (iv) the amount asserted, (v) the asserted classifications of the claim, (vi) the applicable Debtor, and (vii) any disposition of the claim; i. implement necessary security measures to ensure the completeness and integrity of the Claims Registers and the safekeeping of the original claims; j. record all transfers of claims and provide any notices of such transfers as required by Bankruptcy Rule 3001(e); k. relocate, by messenger or overnight delivery, all of the court-filed proofs of claim to the offices of Kurtzman, not less than weekly; l. upon completion of the docketing process for all claims received to date for each case, turn over to the Clerk copies of the claims register for the Clerk's review; m. monitor the Court's docket for all notices of appearance, address changes, and claims-related pleadings and orders filed and make necessary notations on and changes to the claims register; n. identify and correct any incomplete or incorrect addresses in any mailing or service lists; o. assist in the dissemination of information to the public and respond to requests for administrative information regarding the case as directed by the Debtor or the Court, including through the use of a case website and call center; p. monitor the Court's docket in the Chapter 11 case and, when filings are made in error or containing errors, alert the filing party of such error and work with them to correct any such error; q. if the Chapter 11 case is converted to Chapter 7 of the Bankruptcy Code, contact the Clerk's Office within three (3) days of the notice to Prime Clerk of entry of the order converting the case; r. thirty (30) days prior to the close of the bankruptcy case, request the Debtor submits to the Court a proposed Order dismissing Prime Clerk as Claims and Noticing Agent and terminating the services in such capacity upon completion of its duties and responsibilities and upon the closing of the Chapter 11 case; s. within seven (7) days of notice to Prime Clerk of entry of an order closing the Chapter 11 case, provide to the bankruptcy Court the final version of the claims register as of the date immediately before the close of the case; and t. at the close of the Chapter 11 case, (i) box and transport all original documents, in proper format, as provided by the Clerk's Office, to (A) the Philadelphia Federal Records Center, 14700 Townsend Road, Philadelphia, PA 19154 or (B) any other location requested by the Clerk's Office; and (ii) docket a completed SF-135 Form indicating the accession and location numbers of the archived claims. JND Corporate will be paid based upon its normal and usual hourly billing rates. JND Corporate will be paid a retainer in the amount of $10,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Travis K. Vandell, chief executive officer of JND Corporate Restructuring, 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. JND Corporate can be reached at: Travis K. Vandell JND CORPORATE RESTRUCTURING 8269 E. 23rd Avenue, Suite 275 Denver, CO 80238 Tel: (855) 812-6112 About Hobbico, Inc. Hobbico, Inc. -- https://www.hobbico.com/ -- is engaged in the design, manufacturing, marketing and distribution of thousands of hobby products including radio-control and general hobby products. The company's merchandise includes a wide variety of radio-control models from cars and boats to airplanes and helicopters. Hobbico began in 1971 with just two people and now employs over 650 individuals in facilities that include its West Coast distribution center in Reno, Nevada, facilities in Penrose, Colorado and Elk Grove Village, Illinois and its corporate headquarters in Champaign, Illinois. Hobbico, Inc., along with its U.S. affiliates, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-10055) on Jan. 10, 2018. The petitions were signed by Tom S. O'Donoghue, Jr., chief restructuring officer. Hobbico estimated assets of $10 million to $50 million and debt of $100 million to $500 million. The Hon. Kevin Gross is the case judge. The Debtors tapped Neal, Gerber & Eisenberg LLP as general bankruptcy counsel; Morris, Nichols, Arsht & Tunnell LLP as local bankruptcy counsel; Lincoln International LLC as investment banker; and Keystone Consulting Group, LLC, and CR3 Partners, LLC, as restructuring advisors. JND Corporate Restructuring is the notice and claims agent. HOG WILD LOGISTICS: Hires Crawley Law as Counsel ------------------------------------------------ Hog Wild Logistics, LLC, seeks authority from the U.S. Bankruptcy Court for the Eastern District of Arkansas to employ Crawley Law Firm, P.A., as counsel to the Debtor. Hog Wild Logistics requires Crawley Law to: a) provide legal advice to the Debtor, as Debtor in Possession, with respect to it's powers and duties as Debtor in Possession of the business and management of the estate property; b) provide legal advice and service to the Debtor, as Debtor in Possession, with respect to early or first day motions necessary to ensure the continued operation of the Debtor; c) prepare on behalf of the Debtor, as Debtor in Possession, of any necessary applications, answers, orders, reports, complaints, and motions, or other pleading, and to appear before the Bankruptcy Court and any other court in reference thereto; d) perform any and all other legal services to the Debtor, as Debtor in Possession, that may be reasonably necessary to effectuate a reorganization of Debtor's financial affairs under the U.S. Bankruptcy Code and Rules; and e) attend of Counsel at any and all hearings, meetings, office conferences, etc., as required, or as necessary, in order to fulfill attorney's duty as Counsel. Crawley Law will be paid at these hourly rates: Attorneys $250 Paralegals $85 Crawley Law will also be reimbursed for reasonable out-of-pocket expenses incurred. Michael E. Crawley, Jr., a partner at the Crawley Law Firm, 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 its estates. Crawley Law can be reached at: Michael E. Crawley, Jr., Esq. CRAWLEY LAW FIRM, P.A. 2702 S. Culberhouse, Suite N Jonesb0ro, AR 72401 Tel: (870) 972-1150 About Hog Wild Logistics Based in Jonesboro, Arkansas, Hog Wild Logistics, LLC, is a privately held company in the local trucking industry. Hog Wild Logistics is an affiliate of Hog Wild Trucking, Inc., which sought bankruptcy protection on Nov. 27, 2017 (Bankr. E.D. Ark. Case No. 17-16355). Hog Wild Logistics, LLC, based in Jonesboro, AR, filed a Chapter 11 petition (Bankr. E.D. Ark. Case No. 17-16411) on Nov. 29, 2017. In its petition, the Debtor estimated $0 to $50,000 in assets and $1 million to $10 million in liabilities. Richard Long, member, signed the petition. The Hon. Phyllis M. Jones presides over the case. Michael E. Crawley, Jr., Esq., at Crawley Law Firm, P.A., serves as bankruptcy counsel. HOG WILD TRUCKING: Hires Owens Mixom as Attorney ------------------------------------------------ Hog Wild Trucking, Inc., seeks authority from the U.S. Bankruptcy Court for the Eastern District of Arkansas to employ Owens Mixom & Gramling, P.A., as attorney to the Debtor. Hog Wild Trucking requires Owens Mixom to: a) provide legal advice to the Debtor with respect to its powers and duties as debtor in possession of the business and management of the estate property; b) provide legal advice and service to the Debtor with respect to early or first day motions necessary to ensure the continued operation of the Debtor; c) prepare on behalf of the Debtor of any necessary applications, answers, orders, reports, complaints, and motions, or other pleading, and to appear before the Bankruptcy Court and any other court in reference thereto; d) perform any and all other legal services to the Debtor that may be reasonably necessary to effectuate a reorganization of Debtor's financial affairs under the U.S. Bankruptcy Code and Rules; and e) attend of Counsel at any and all hearings, meetings, office conferences, etc., as required, or as necessary, in order to fulfill attorney's duty as Counsel. Owens Mixom will be paid at these hourly rates: Attorneys $250 Paralegals $85 Owens Mixom will also be reimbursed for reasonable out-of-pocket expenses incurred. W. Lance Owens, a partner at Owens Mixom & Gramling, 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 its estates. Owens Mixom can be reached at: W. Lance Owens, Esq. OWENS MIXOM & GRAMLING, P.A. 100 East Matthews Avenue Jonesboro, AR 772401 Tel: (870) 336-6505 About Hog Wild Trucking Based in Jonesboro, Arkansas, Hog Wild Trucking, Inc. -- http://www.drivehogwild.com/-- is a flatbed and dry van carrier established in 2009. It is a female-owned and operated company specializing in delivering freight safely, legally, and on time across the United States. Hog Wild Trucking filed a Chapter 11 petition (Bankr. E.D. Ark. Case No. 17-16355) on Nov. 11, 2017. The petition was signed by chief operating officer. In its petition, the Debtor estimated $0 to $50,000 in assets and $1 million to $10 million in liabilities. The Debtor tapped Owens Mixom & Gramling, P.A., as lead attorney. HTY INC: Has Until Jan. 31 To File Plan & Disclosure Statement -------------------------------------------------------------- The Hon. Jason D. Woodard of the U.S. Bankruptcy Court for the Northern District of Mississippi has extended, at the behest of HTY, Inc., the time within which to file a Disclosure Statement and Plan of Reorganization until Jan. 31, 2018. As reported by the Troubled Company Reporter on Dec. 21, 2017, the funding for the Plan must come from the sale of real estate by the Debtor as contemplated and provided for within a prior court order. In the event the sale is consummated, funding will exist for the Plan and/or perhaps payment of creditors and a structured dismissal of this case. In the event the sale does not close or consummate, the Debtor submits there will be no need for the filing of a Disclosure Statement and Plan of Reorganization. A copy of the court order is available at: http://bankrupt.com/misc/msnb16-13370-102.pdf About HTY, Inc. HTY, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Miss. Case No. 16-13370) on Sept. 28, 2016. Nathan Yow, its president, signed the petition. The Debtor estimated assets at $1 million to $10 million and liabilities at $500,001 to $1 million. The Debtor is represented by Craig M. Geno, Esq., at the Law Office of Craig M. Geno, PLLC. IVANTI SOFTWARE: Bank Debt Trades at 5.19% Off ---------------------------------------------- Participations in a syndicated loan under which Ivanti Software Inc (FKA LANDesk Group Inc)is a borrower traded in the secondary market at 94.81 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents a decrease of 1.03 percentage points from the previous week. Ivanti Software Inc (FKA LANDesk Group Inc) pays 425 basis points above LIBOR to borrow under the $825 million facility. The bank loan matures on Jan. 20, 2024 and Moody's B2 rating and Standard & Poor's B- rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. JC PENNEY: Bank Debt Trades at 5.96% Off ---------------------------------------- Participations in a syndicated loan under JC Penney Corp is a borrower traded in the secondary market at 94.04 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 0.82 percentage points from the previous week. JC Penney Corp pays 425 basis points above LIBOR to borrow under the $1.688 billion facility. The bank loan matures on June 23, 2023 and Moody's Ba2 rating and Standard & Poor's BB- rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. JVS DEVELOPMENT: Ch. 11 Trustee Retains Lobel Weiland as Counsel ---------------------------------------------------------------- Thomas H. Casey, the Ch. 11 Trustee of JVS Development, LLC, seeks authority from the U.S. Bankruptcy Court for the Central District of California to employ Lobel Weiland Golden Friedman LLP, as counsel to the Trustee. The Trustee requires Lobel Weiland to: a. analyze the Debtor's scheduled assets, investigate any undisclosed assets, and analyze any encumbrances against the assets; b. obtain documents from the Debtor; c. analyze various potential fraudulent conveyances, advise the Trustee regarding the same, and take appropriate action; d. analyze the embezzlement of funds by current management, advise the Trustee regarding the same, and take appropriate action; e. analyze the use of corporate funds for personal expenses, numerous pending lawsuits involving the Debtor, and the use of Estate property by insiders, and advise the Trustee on these matters; f. assist the Trustee in negotiating, documenting and obtaining Court approval to liquidate assets, as warranted; g. analyze any problematic claims and prepare any necessary objections. h. advise the Trustee concerning the rights and remedies of the Estate and of the Trustee in regard to the secured, priority and general unsecured claims of creditors; i. represent the Trustee in any proceeding or hearing, including, without limitation, objections to claims, in the Bankruptcy Court and in any action where the rights of the Estate or the Trustee may be litigated or affected; j. assist the Trustee in the settlement of any debts owed to the Debtor; k. assist the Trustee in the disposition of any assets of the Estate; and l. conduct examinations of witnesses, claimants, or adverse parties and prepare and assist in the preparation of reports, accounts, applications and orders. Lobel Weiland will be paid at these hourly rates: Attorneys $500-$750 Paralegals $250 Lobel Weiland will also be reimbursed for reasonable out-of-pocket expenses incurred. Jeffrey I. Golden, a partner at Lobel Weiland, 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 its estates. Lobel Weiland can be reached at: Jeffrey I. Golden, Esq. LOBEL WEILAND GOLDEN FRIEDMAN LLP 650 Town Center Drive, Suite 950 Costa Mesa, CA 92626 Tel: (714) 966-1000 About JVS Development Based in Garden Grove, California, JVS Development, LLC, is a privately owned company engaged in activities related to real estate. It has various properties in Garden Grove and Westminster, California, having an aggregate current value of $14.5 million. On June 28, 2017, the Superior Court for the State of California granted secured creditor ARC RETAIL 1, LLC's ex parte application for an order appointing receiver to manage property located at 15550-15640 Brookhurst Street, Westminster, Orange County, California (the "Property"). JVS Development sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-14671) on Nov. 29, 2017. Stephen Nguyen, its managing member, signed the petition. At the time of the filing, the Debtor disclosed $18.52 million in assets and $7.38 million in liabilities. On Dec. 12, 2017, the Court entered an order approving a joint motion filed by the Debtor and the Secured Creditor authorizing the Receiver to retain possession of and maintain the Property. Upon motion by the United States Trustee, Thomas H. Casey was appointed chapter 11 trustee on Dec. 15, 2017. Judge Scott C. Clarkson presides over the case. The Debtor hired Lobel Weiland Golden Friedman LLP, as counsel. KEN'S FISH: Class II Claims Total $317,313 ------------------------------------------ Ken's Fish, Inc., filed with the U.S. Bankruptcy Court for the District of Massachusetts a second amended disclosure statement explaining its second amended plan of reorganization to disclose that filed proofs of claim for Class II claims total $146,829. The Debtor said that there are nine additional claims on Schedule F, which total $170,486.78 which are allowed claims. The total allowed claims are $317,313.78, 10% of which is $31,731.57. The monthly payment under the plan will be $2,644.97. The First Amended Disclosure Statement did not disclose the total amount of allowed Class II claims. A full-text copy of the Second Amended Disclosure Statement is available at: http://bankrupt.com/misc/mab16-14014-98.pdf About Ken's Fish Inc. Ken's Fish, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 16-14014) on Oct. 20, 2016. The petition was signed by Kenneth A. Menard, president. At the time of the filing, the Debtor estimated assets and liabilities of less than $500,000. The case is assigned to Judge Joan N. Feeney. The Debtor is represented by the Law Office of Gary W. Cruickshank. Eric Hartley & Associates, LLC, serves as its accountant. LIGNUS INC: Unsecureds to be Paid in Full at 1.73% Over 7 Years --------------------------------------------------------------- Lignus, Inc., filed with the U.S. Bankruptcy Court for the Southern District of California a disclosure statement to accompany its plan of reorganization, which will allow it to continue to operate and pay all of its creditors in full over time, with interest. Class 6 consists of all Allowed Unsecured Claims. The Debtor believes that Class 6 Claims total approximately $2,137,609.79. The Debtor's Plan proposes to pay the holder of an Allowed Class 6 Claim in full by making quarterly Pro Rata payments from 100% of the Net Proceeds of the Debtor's operations until each such claim is paid in full, with interest thereon at the rate of 1.73% per annum, which is approximately equivalent to the currently prevailing 1-year Treasury yield. Interest will be amortized monthly, but payments may be made quarterly for convenience. The Debtor expects all such claims to be paid in full, with interest, within approximately seven years after the Plan if confirmed. The source of paying the claims will be income generated from operation of the Debtor's business, which will continue to be managed by Carmen Hernandez and Jose Gaitan. The Debtor's financial projections indicate that for example in 2018, the Debtor will generate approximately $289,691.23 in net profit with which to pay the claims of creditors. Thereafter, the Debtor is expected to generate similar significant profits with which to pay creditors until all claims are paid in full. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/casb17-05475-11.pdf About Lignus Inc. Established in 2004, Lignus, Inc. is a privately held company engaged in the lumber, plywood, and millwork trade. Lignus, Inc., filed a Chapter 11 petition (Bankr. S.D. Cal. Case No. 17-05475) on Sept. 8, 2017. The petition was signed by Jose Gaitan, CFO. At the time of filing, the Debtor estimated both assets and liabilities between $1 million and $10 million. The case is assigned to Judge Christopher B. Latham. The Law Offices of Kit J. Gardner is the Debtor's bankruptcy counsel. MARIE'S FAMILY: Hires J. Garland Smith as Counsel ------------------------------------------------- Marie's Family Healthcare & Sitter Services, Inc., seeks authority from the U.S. Bankruptcy Court for the Western District of Louisiana to employ J. Garland Smith & Associates, as counsel to the Debtor. Marie's Family requires J. Garland Smith to: a. provide legal advice with respect to the powers, rights, and duties of the Debtor in the continued management and operation of its business; b. provide legal advice and consultation related to the legal and administrative requirements of operating the Chapter 11 bankruptcy case, including to assist the Debtor in complying with the procedural requirements of the Office of the U.S. Trustee; c. take all necessary actions to protect and preserve the Debtor's estate, including to prosecute actions on the Debtor's behalf, defend any action commenced against the Debtor, and represent the Debtor's interest in any negotiations or litigation in which the Debtor may be involved, including objections to the claims filed against the Debtor's estate; d. prepare on behalf of the Debtor any necessary pleadings including applications, motions, answers, orders, complaints, reports, or other documents necessary or otherwise beneficial to the administration of the Debtor's estate; e. represent the Debtor's interests at the Meeting of Creditors pursuant to Sec. 341 of the Bankruptcy Code, and at any other hearing scheduled before the Bankruptcy Court related to the Debtor; f. assist and advise the Debtor in the formulation, negotiation, and implement of a Chapter 11 plan and all documents related thereto; g. assist and advise the Debtor with respect to negotiation, documentation, implementation, consummation, and closing corporate transactions, including sales of assets, in the Chapter 11 bankruptcy case; h. assist and advise the Debtor with respect to the use of cash collateral and obtain Debtor-in-Possession or exit financing and negotiate, draft, and seek approval of any documents related thereto; i. review and analyze all claims filed against the Debtor's Bankruptcy estate and advise and represent the Debtor in connection with the possible prosecution of objections to claims; j. assist and advise the Debtor concerning any executor contract and unexpired leases, including assumptions, assignments, rejections, and renegotiations; k. coordinate with other professionals employed in the case to rehabilitate the Debtor's affairs; and l. perform all other bankruptcy related legal services for the Debtor that are or may become necessary during the administration of the bankruptcy case. J. Garland Smith will be paid based upon its normal and usual hourly billing rates. On Oct. 20, 2017, the Debtor paid a retainer fee of $10,000, with a balance of $10,000 remaining. J. Garland Smith will also be reimbursed for reasonable out-of-pocket expenses incurred. J. Garland Smith, a partner at J. Garland Smith & Associates, 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 its estates. J. Garland Smith can be reached at: J. Garland Smith, Esq. J. GARLAND SMITH & ASSOCIATES 300 Washington St., Suite 201 Monroe, LA 71202 Tel: (318) 855-6496 Fax: (318) 855-6497 About Marie's Family Healthcare Marie's Family Healthcare & Sitter Services, Inc., filed a Chapter 11 bankruptcy petition (Bankr. W.D. La. Case No. 17-31785) on Oct. 20, 2017, estimating under $1 million in both assets and liabilities. The Debtor is represented by J. Garland Smith, Esq., at J. Garland Smith & Associates. MCGEE TRUCKING: Latest Plan Proposes to Pay Unsecureds in Full -------------------------------------------------------------- McGee Trucking, LLC, filed with the U.S. Bankruptcy Court for the Southern District of West Virginia an amended disclosure statement describing its amended plan of reorganization dated Jan. 5, 2018. The latest plan proposes to pay Class 3 general unsecured creditors 100% to be paid over a period of 72 months or less, without interest. There is only one class of unsecured creditors. Priority Creditors will also be paid a distribution of 100% plus interest as required by the Bankruptcy Code. In the Plan, the Debtor has reserved the right to prepay the monthly installments and when all amounts required under the plan the claims will be deemed fully satisfied and released. The initial version of the plan proposed to pay general unsecured creditors only 5%. The Debtor will continue operation of its business and seek wherever possible to increase revenue and reduce operating expenses. The Debtor does not propose to borrow any money or sell any assets to fund the plan. A full-text copy of the Amended Disclosure Statement is available for free at: http://bankrupt.com/misc/wvsb3-17-30185-85.pdf About McGee Trucking LLC McGee Trucking LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. W.Va. Case No. 17-30185) on April 24, 2017. At the time of the filing, the Debtor estimated assets of less than $100,000 and liabilities of less than $500,000. Megan A. Patrick, Esq., at Klein & Sheridan, LC, serves as the Debtor's bankruptcy counsel. The Office of the U.S. Trustee on May 25 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of McGee Trucking, LLC. MOSADI LLC: Has Until March 1 to File Plan ------------------------------------------ Mosadi LLC's Chapter 11 came on for status conference on Dec. 14, 2017. At the Status Conference, the U.S. Bankruptcy Court for the Middle District of Florida reviewed the nature and size of the Debtor's business, the overall status of the case and considered the respective positions of the parties represented at the Status Conference. Based on that review, the Court has determined that it is appropriate in this case to implement procedures governing the filing of a plan of reorganization and disclosure statement to ensure that this case is handled expeditiously and economically. Accordingly, the Court ordered the Debtor to file a Plan and Disclosure Statement on or before March 1, 2018. If the Debtor fails to file a Plan and Disclosure Statement by the Filing Deadline, the Court will issue an Order to Show Cause why the case should not be dismissed or converted to a Chapter 7 case pursuant to Section 1112(b)(1) of the Bankruptcy Code. About Mosadi LLC Headquartered in Tampa, Florida, Mosadi, LLC, filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case No. 17-09328) on Nov. 1, 2017, estimating its assets at between $100,001 and $500,000 and its liabilities at between $500,001 and $1 million. Buddy D. Ford, Esq., at Buddy D. Ford, P.A., serves as the Debtor's bankruptcy counsel. An official committee of unsecured creditors has not been appointed in the Chapter 11 case. MUD CONTROL: Jan. 30 Plan Confirmation Hearing Set -------------------------------------------------- Judge Robert Summerhays of the U.S. Bankruptcy Court for the Western District of Louisiana issued an order conditionally approving the disclosure statement explaining Mud Control Equipment Corp.'s chapter 11 plan. January 30, 2018 at 10:00 a.m. is fixed for the hearing on final approval of the disclosure (if a written objection has been timely filed) and for the hearing on confirmation of the plan. January 23, 2018 is fixed as the last day for filing written acceptances or rejections of the plan. About Mud Control Equipment Corp. Based in Youngsville, Louisiana, Mud Control Equipment Corp. is into oilfield service business. Mud Control sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. Case No. 17-50424) on April 3, 2017. The petition was signed by Janet Roussell, director. Mud Control is represented by William C. Vidrine, Esq., at Vidrine & Vidrine, PLLC, in Lafayette, Louisiana. Broussard Poche, LLP, serves as the Debtor's accountant. At the time of the filing, the Debtor estimated assets of less than $500,000 and liabilities of less than $1 million. NEIMAN MARCUS: Bank Debt Trades at 17.8% Off -------------------------------------------- Participations in a syndicated loan under which Neiman Marcus Group Inc. is a borrower traded in the secondary market at 82.20 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 0.98 percentage points from the previous week. Neiman Marcus Group Inc pays 325 basis points above LIBOR to borrow under the $2.942 billion facility. The bank loan matures on Oct. 25, 2020 and Moody's Caa1 rating and Standard & Poor's CCC rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. NELSON INC: Hires Ricky Porter as Accountant -------------------------------------------- Nelson, Inc., seeks authority from the U.S. Bankruptcy Court for the Western District of Tennessee to employ Ricky Porter, as accountant to the Debtor. Nelson, Inc., requires Ricky Porter to handle all of the Debtor's accounting and tax matters in the Chapter 11 proceedings. Ricky Porter will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Ricky Porter 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 its estates. About Nelson, Inc. Headquartered in Memphis, Tennessee, and founded in 1972, Nelson, Inc. -- http://www.nelson-inc.net-- is an SBA Certified HUB Zone contractor licensed in Tennessee, Mississippi, Arkansas, Louisiana, Virginia, and the District of Columbia. Nelson is a 100% African American owned and operated firm with offices located in Memphis, Washington, DC, North Mississippi and the Mississippi Gulf Coast. During construction, Nelson provides all on-site management, supervision, and administration as required, to assure the success of this important reconstruction process. Nelson, Inc., previously sought bankruptcy protection on May 4, 2011 (Bankr. W.D. Tenn. Case No. 11-24542). Nelson, Inc., filed for Chapter 11 bankruptcy protection (Bankr. W.D. Tenn. Case No. 17-29082) on Oct. 15, 2017, listing $5.62 million in total assets and $10 million in total liabilities. Will Nelson, president, signed the petition. Paul A. Robinson, Jr., Esq., at the Law Office of Paul Robinson, serves as the Debtor's bankruptcy counsel in the new case. NEW CITY: Unsecured Creditors to Get 25% Distribution Under Plan ---------------------------------------------------------------- The New City Waste Services, Inc., and City Waste Services of New York, Inc., jointly submit a disclosure statement in connection with its plan of reorganization dated Jan. 3, 2017. Based in Yorktown Heights, New York, the Debtors have been in business since 1999 and were formed when CT Carting, established in 1936 and O'Brian Sanitation Inc., established in 1945, merged. City Waste employs approximately 50 people and serves over 3,500 customers, both large and small, in four New York City Boroughs and the outlying areas. The Debtors' Plan will be funded with the Debtors' cash on hand on the Confirmation Date, including $200,000 of Cash for the initial dividend to Class 2 creditors and $800,000 in cash over 4 years from the Effective Date for Class 2 creditors from future operations, which payments will be accelerated in the event of a sale of the Porter Road Property. These funds are expected to be sufficient to pay all Allowed Administrative and Priority Claims in full, as well as to fund an approximate 25% pro rata distribution to the holders of Allowed Class 2 Unsecured Claims, and the Debtor will effectuate all payments due under the Plan. A full-text copy of the Disclosure Statement is available for free at: http://bankrupt.com/misc/nysb12-22578-164.pdf About New City Waste Services Headquartered in Yorktown Heights, NY, the New City Waste Services, Inc. filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 12-22578) on March 20, 2012, with estimated assets of $0 to $50,000 and estimated liabilities at $1,000,001 to $10,000,000. The New City Waste Services, Inc.’s affiliate City Waste Services of New York, Inc. also filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 12-22579) on March 19, 2012. The petitions were signed by James T. Tesi, secretary/treasurer. NORTHGATE PUBLIC: Bank Debt Trades at 16.50% Off ------------------------------------------------ Participations in a syndicated loan under which Northgate Public Services [NPS] is a borrower traded in the secondary market at 83.50 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 4.38 percentage points from the previous week. Northgate Public Services [NPS]pays 575 basis points above LIBOR to borrow under the $237 million facility. The bank loan matures on Mar.3, 2022. Moody's and S&P did not give any rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. NUWELD INC: Unsecureds to Get Only 3.50% of Claim ------------------------------------------------- Nuweld, Inc., and Arc Tech, Inc., submitted a disclosure statement and joint plan of reorganization before the U.S. Bankruptcy Court for the Middle District of Pennsylvania. Holders of allowed general unsecured claims in the cumulative estimated amount of $2,171,764.90 shall receive a total amount of $100,000.00, which shall be distributed pro rata based upon the allowed amount of the claims, in equal annual installments of $20,000.00 over 5 years. The payments shall be paid into an approved escrow account and then paid out on the yearly anniversary of the effective date. All allowed secured and unsecured priority claims of the various taxing authorities, estimated to be $167,154.53, shall be paid in equal monthly installments amortized over a 60 month period at an annual interest rate of 3%. The total monthly payment on all such claims is anticipated to be $2,857.307. All allowed priority and administrative claims of the various union entities and employees, estimated to be $909,097.00, shall be paid in equal monthly installments over a 60 month period. The total monthly payment on all such claims is anticipated to be $15,151.60. All allowed secured claims of the various real estate taxing authorities for pre-petition real estate taxes, which are secured by perfected liens on real estate consisting of all of the real estate owned by Arc Tech, estimated at $112,251.87, shall be paid in equal monthly installments over a 60 month period. The total monthly payment on all such claims is estimated to be $112,251.87. The allowed secured claim of Delage Landon, which is secured by a perfected lien on personal property consisting of combo-lift, estaimated at $20,254.00, shall be paid in equal monthly installments over a 24 month period. The monthly payment on the claim shall be $844.00. The allowed secured claim of Citizens Bank, N.A., which is secured by a perfected lien on personal property consisting of 2014 GMC Sierra, estimated at $33,460.00, shall be paid in equal monthly installments over a 32 month period. The monthly payment on the claim shall be $1,063.005. The allowed secured claim of Caterpillar Finacial, which is secured by perfected liens on personal property consisting of 7 hydrolic excavators and 1 track loader, estimated at $176,161.87 plus interest and costs, shall be paid in equal monthly installments amortized over a 36 month period at an annual interest rate of 7.45%. Any remaining balance will be due at the end of the term. The anticipated monthly payment on the claim shall be $5,476.00. The first payment on the claims will be due 30 days after the effective date. The allowed secured claim of Wells Fargo Equipment Finance, which is secured by perfected liens on personal property consisting of a boom lift and scissor lift, estimated at $18,061.00, shall be paid in equal monthly installments over a 23 month period. The anticipated monthly payment on the claim shall be $798.00. The Debtor has been making payments to this creditor. The allowed combined claims of Ally Financial, which is secured by perfected liens on particular vehicles, shall be treated as follows: all accounts will pay $300 monthly until paid in full at contract APR. It is anticipated that no contract will exceed 24 months from effective date. Except as noted, all other terms and conditions of the original contracts apply. The anticipated monthly payment on the claim shall be $3,600.00. The Debtor has been making payments to the this creditor. The secured claim of Branch Banking & Trust Co., estimated at $8,200,000.00 will also have an estimated payout of $8,200,000.00 or 100%. A full-text copy of the amended disclosure statement and joint plan of reorganization of Nuweld and Arc Tech, both dated December 11, 2017, are available at: http://bankrupt.com/misc/pamb16-bk-02115-220.pdf http://bankrupt.com/misc/pamb16-bk-02115-219.pdf Nuweld and Arc Tech are represented by: Mark J. Conway, Esq. LAW OFFICES OF MARK J. CONWAY, P.C. 502 S. Blakely Street Dunmore, PA 18512 Tel: (570)343-5350 Fax: (570)343-5377 Email: mjc@mjconwaylaw.com -- and -- Brian E. Manning, Esq. LAW OFFICES OF BRIAN E. MANNING 502 South Blakely Street, Ste. B Dunmore, PA 18512 Tel: (570)558-1126 Fax: (866) 559-9808 Email: brianemanning@comcast.net About Nuweld, Inc. Williamsport, Pennsylvania-based Nuweld, Inc., filed for Chapter 11 bankruptcy protection (Bankr. M.D. Pa. Case No. 16-02115) on May 18, 2016, estimating its assets and liabilities at between $1 million and $10 million each. The petition was signed by Timothy Satterfield, president. Judge John J Thomas presides over the case. Mark J. Conway, Esq., at the Law Offices of Mark J. Conway PC and Brian E Manning, Esq., at the Law Offices of Brian E. Manning serve as the Debtor's bankruptcy counsel. OI SA: Brazilian Court Judge Grants Judicial Reorganization ----------------------------------------------------------- Oi S.A. – In Judicial Reorganization, pursuant to Article 157, paragraph 4 of Law No. 6.404/76, under CVM Instruction No. 358/02 and in addition to the Material Facts of December 20, 2017 and December 29, 2017, hereby informs its shareholders and the market in general that, on this date, the Judge of the 7th Corporate Court of the Capital District of the State of Rio de Janeiro granted the judicial reorganization of the Company and its subsidiaries Oi Movel S.A. - In Judicial Reorganization, Telemar Norte Leste S.A. - In Judicial Reorganization, Copart 4 Participacoes S.A. - In Judicial Reorganization, Copart 5 Participacoes S.A. - In Judicial Reorganization, Portugal Telecom International Finance BV - In Judicial Reorganization and Oi Brazil Holdings Coöperatief UA - In Judicial Reorganization (collectively, the "Entities Under Reorganization"), and ratified the Judicial Reorganization Plan (the "Plan"), with the following exceptions: "a) Section 11 of the Annex (titled Subscription and Commitment Agreement of the Judicial Reorganization Plan), with respect to the ability of the Entities Under Reorganization to make reimbursement of expenses incurred by creditors in the search for payment of their credits, is invalid; b) the conditions set forth in item 5 of the same Annex, which provide for the payment of a commitment fee, must be extended to all creditors under the same conditions." The decision also addressed the call for an Extraordinary General Shareholders Meeting to deliberate on matters that impact the Plan, clarifying the following: "I consider, however, that the pertinent amendments, including to the company's bylaws, that were approved in the Judicial Reorganization Plan preclude the Extraordinary General Shareholders Meeting and may be carried out by the company's management bodies, based on the authorization of the creditors' meeting, as provided for in the Brazilian Reorganization and Bankruptcy Law, which is a special law in relation to the Brazilian Corporations Law in this regard. [. . .] The clause of the plan that concerns governance during the transition phase is in line with Article 50 of the Brazilian Reorganization and Bankruptcy Law, and does not violate the Brazilian Corporations Law, insofar as it seeks to confer institutional stability on the corporate bodies and administrators of entities under reorganization for purposes of compliance with the judicial reorganization plan approved with the creditors' sovereign statement. Therefore, the convening of an Extraordinary General Shareholders Meeting is absolutely unnecessary to give effect to the sovereign decision of the creditors. On the contrary, in this case, the convening of a shareholders' meeting would reinstall the instability strongly rejected by the Judiciary throughout this judicial recovery process." The decision in its entirety is attached to this Material Fact and is also available for download on the Company's website (www.oi.com.br/ri), on the Empresas.NET System of the CVM (www.cvm.gov.br), as well as the website of B3 S.A. - Brasil, Bolsa, Balcao (www.bmfbovespa.com.br). The Company will furnish an English translation of the decision as soon as possible to the US Securities and Exchange Commission under cover of Form 6-K. Finally, Oi clarifies that, according to the approved Plan ratified by the Court, the Company will inform the shareholders, creditors and the market regarding the deadlines to be initiated upon the publication of the judicial decision that ratified the Plan. The Company will keep its shareholders and the market informed of the development of the subject matter of this Material Fact. About Oi SA Headquartered in Rio de Janeiro, and operating almost exclusively within Brazil, the Oi Group provides services like fixed-line data transmission and network usage for phones, internet, and cable, Wi-Fi hot-spots in public areas, and mobile phone and data services, and employs approximately 142,000 direct and indirect employees. On June 20, 2016, pursuant to Brazilian Law No. 11.101/05 (the 'Brazilian Bankruptcy Law'), Oi S.A. and certain of its subsidiaries filed for recuperao judicial (judicial reorganization) in Brazil. On June 21, 2016, OI SA and its affiliates Telemar Norte Leste S.A. and Oi Brasil Holdings Cooperatief U.A. commenced Chapter 15 proceedings (Bankr. S.D.N.Y. Lead Case No. 16-11791). Ojas N. Shah, as foreign representative, signed the petitions. Coop and PTIF are also subject to proceedings in the Netherlands. The Chapter 15 cases are assigned to Judge Sean H. Lane. In the Chapter 15 cases, the Debtors are represented by John K. Cunningham, Esq., and Mark P. Franke, Esq., at White & Case LLP, in New York; and Jason N. Zakia, Esq., Richard S. Kebrdle, Esq., and Laura L. Femino, Esq., at White & Case LLP, in Miami, Florida. On July 22, 2016, the New York Court recognized the Brazilian Proceedings as foreign main proceedings with respect to the Chapter 15 Debtors, and granted certain additional related relief. * * * As reported in the Troubled Company Reporter-Latin America on Jan. 9, 2018, Egan-Jones Ratings Company withdrew the 'D' foreign currency and local currency senior unsecured ratings on debt issued by Oi SA and the 'D' ratings on the Company's commercial paper on Sept. 26, 2017. PATIO MARKET: $54 Monthly Payment for Unsecureds Over 20 Years -------------------------------------------------------------- Patio Market, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of Michigan a combined disclosure statement and plan of reorganization. Class 2, general unsecured claims, which appears to be made up of the deficiency claim of Chemical Bank in the approximate amount of $131,500 will be paid at 10% in 240 equal monthly installments, commencing on the Effective Date, without interest. The monthly plan payment for this class will be $54.71 per month until the claims in this class are paid in full. This class is impaired. The Debtor reasonably believes that its future operations will generate sufficient funds to satisfy its obligations under the Plan. To the extent that additional funds are necessary, third parties may provide such funds to the Reorganized Debtor. Other sources of cash may be explored and utilized by the Reorganized Debtor to the extent that such cash infusions are necessary to meet the obligations of the Plan. The Debtor may also sell all of its assets or a portion of its assets to fund its obligations under the plan. If necessary, the Reorganized Debtor may, in its sole discretion, seek to obtain refinancing from either a lending institution or from other sources in an effort to satisfy the necessary cash payments described in this Plan. A full-text copy of the Disclosure Statement is available for free at: http://bankrupt.com/misc/mieb17-52595-37.pdf About Patio Market, Inc. Patio Market, Inc., owns real estate and business assets on which it operates a convenience store. Patio Market filed a Chapter 11 petition (Bankr. E.D. Mich. Case No. 17-52595) on Sept. 7, 2017. The petition was signed by George Shammas, president. At the time of filing, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Thomas J. Tucker. The Debtor is represented by Robert N. Bassel, Esq., at Robert N. Bassel. No official committee of creditors holding unsecured claims has been appointed in the case. PATTINIS LLC: Given Until March 1 to File Plan ---------------------------------------------- Pattinis LLC's Chapter 11 case came on for status conference on Dec. 14, 2017. At the Status Conference, the U.S. Bankruptcy Court for the Middle District of Florida reviewed the nature and size of the Debtor's business, the overall status of the case and considered the respective positions of the parties represented at the Status Conference. Based on that review, the Court has determined that it is appropriate in this case to implement procedures governing the filing of a plan of reorganization and disclosure statement to ensure that the case is handled expeditiously and economically. Accordingly, the Court orders the Debtor to file a Plan and Disclosure Statement on or before March 1, 2018. If the Debtor fails to file a Plan and Disclosure Statement by the Filing Deadline, the Court will issue an Order to Show Cause why the case should not be dismissed or converted to a Chapter 7 case pursuant to section 1112(b)(1) of the Bankruptcy Code. About Pattinis LLC Pattinis LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-09138) on Oct. 30, 2017. 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. Buddy D. Ford, Esq., and Jonathan A. Semach, Esq., at Buddy D. Ford P.A. serve as the Debtor's bankruptcy counsel. An official committee of unsecured creditors has not yet been appointed in the Chapter 11 case. PENTHOUSE GLOBAL: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Lead Debtor: Penthouse Global Media, Inc. 8944 Mason Ave. Chatsworth, CA 91311 Type of Business: Penthouse Global Media, Inc. -- http://www.penthouseglobalmedia.com-- was launched in February 2016 as an acquisition by veteran entertainment executive, Kelly Holland. The company continues the 50+ year Penthouse brand legacy. The focal point of the business includes four main branches: broadcast, publishing, licensing and digital. Various Penthouse TV channels are available in over 100 countries. Penthouse Magazine was founded in the U.K. in 1965 by Bob Guccione and brought to the U.S. in 1969. Chapter 11 Petition Date: January 11, 2018 Affiliates that simultaneously filed Chapter 11 petitions: Debtor Case No. ------ -------- Penthouse Global Media, Inc. 18-10098 Penthouse Global Broadcasting, Inc. 18-10099 Penthouse Global Licensing, Inc. 18-10101 Penthouse Global Digital, Inc. 18-10102 Penthouse Global Publishing, Inc. 18-10103 GMI Online Ventures, Ltd. 18-10104 Penthouse Digital Media Productions, Inc. 18-10105 Tan Door Media, Inc. 18-10106 Penthouse Images Acquisitions, Ltd. 18-10107 Pure Entertainment Telecommunications, Inc. 18-10108 XVHUB Group, Inc. 18-10109 General Media Communications, Inc. 18-10110 General Media Entertainment, Inc. 18-10111 Danni Ashe, Inc. 18-10112 Streamray Studios, Inc. 18-10113 Court: United States Bankruptcy Court Central District of California (San Fernando Valley) Judge: Hon. Martin R. Barash Debtors' Counsel: Michael H Weiss, Esq. Laura J. Meltzer, Esq. WEISS & SPEES, LLP 1925 Century Park E Ste 650 Los Angeles, CA 90064 Tel: 424-245-3100 Fax: 424-245-3101 E-mail: mw@weissandspees.com lm@weissandspees.com Assets and liabilities: Estimated Estimated Assets Liabilities --------- ----------- Penthouse Media $0-$50,000 $10 mil.-$50 million Penthouse Broadcasting $1 mil.-$10 million $500,000-$1 million Penthouse Licensing $1 mil.-$10 million $1 mil.-$10 million The petitions were signed by Kelly Holland, CEO. A copy of Penthouse Global Media, Inc.'s list of 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/cacb18-10098_creditors.pdf A copy of Penthouse Global Broadcasting, Inc.'s list of 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/cacb18-10099_creditors.pdf A copy of Penthouse Global Licensing, Inc.'s list of five largest unsecured creditors is available for free at: http://bankrupt.com/misc/cacb18-10101_creditors.pdf Full-text copies of the petitions are available for free at: http://bankrupt.com/misc/cacb18-10098.pdf http://bankrupt.com/misc/cacb18-10099.pdf http://bankrupt.com/misc/cacb18-10101.pdf PETROLEUM GEO-SERVICES: Bank Debt Trades at 16.17% Off ------------------------------------------------------ Participations in a syndicated loan under which Petroleum Geo-Services ASA [PGS] is a borrower traded in the secondary market at 83.83 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 0.60 percentage points from the previous week. Petroleum Geo-Services ASA [PGS] pays 250 basis points above LIBOR to borrow under the $400 million facility. The bank loan matures on Mar. 19, 2021 and Moody's Caa2 rating and Standard & Poor's CCC+ rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. PETSMART INC: Bank Debt Trades at 18.84% Off -------------------------------------------- Participations in a syndicated loan under which Petsmart Inc is a borrower traded in the secondary market at 81.16 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 1.80 percentage points from the previous week. Petsmart Inc pays 300 basis points above LIBOR to borrow under the $4.246 billion facility. The bank loan matures on Mar. 10, 2022 and Moody's Ba3 rating and Standard & Poor's CCC+ rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. PIONEER NURSERY: Hires Gould Auction as Appraiser and Auctioneer ---------------------------------------------------------------- Pioneer Nursery, LLC, seeks authority from the U.S. Bankruptcy Court for the Eastern District of California to employ Gould Auction & Appraisal Company, as appraiser to the Debtor. Pioneer Nursery requires Gould Auction to render appraisal service on behalf of the Debtor to evaluate how much the Debtor's equipment would sell for at auction. Pioneer Nursery requires Gould Auction to market and auction the following properties of the Debtor: -- Dodge 2010 Diesel Crew Cab 4 x 4 Pickup, Lic. 36621A1 -- GMC 2003 Sierra, Extended Cab, 181,000 Miles -- 1990 Chevy Van Lic. 5VOR 679 -- S1700 1986 Dump Truck -- Harlo H-300E Ford 2 Wheel Drive Forklift S/N 84382 -- Harlo H-300B Ford 2 Wheel Drive Forklift S/N 79250 -- 500 Gal. Poly Tank on Skids -- 220 Electric Air Compressor -- MF 4253 4 x 4 Tractor W/Rops, S/N 624200 -- John Deere 850D 2007 Gator, Vin # 011935, 4200 Hours -- All remaining pistachio trees, estimated at 100,000 Gould Auction will be paid at the hourly rate of $200 for the appraisal services. Gould Auction will be paid a commission of 15% of the sales price of the properties. Gould Auction will also be reimbursed for reasonable out-of-pocket expenses incurred. Jerry Gould, owner of Gould Auction & Appraisal Company, 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 its estates. Gould Auction can be reached at: Jerry Gould GOULD AUCTION & APPRAISAL COMPANY 30601 Imperial Street Shafter, CA 93263 Tel: (661) 587-3123 About Pioneer Nursery Founded in 1968, Pioneer Nursery Inc. is in the retail nurseries and garden stores industry. It owns crops -- either planted or harvested -- of approximately 440,000 pistacio trees worth $7 per tree having a total retail value of $3.08 million. It posted gross revenue of $4.55 million in 2016 and gross revenue of $7.78 million in 2015. Pioneer Nursery sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Calif. Case No. 17-13112) on Aug. 11, 2017. Brian Blackwell, member, signed the petition. At the time of the filing, the Debtor disclosed $5.42 million in assets and $245,701 in liabilities. Judge Fredrick E. Clement presides over the case. Fear Waddell, P.C., is the Debtor's bankruptcy counsel. Lewis Brisbois is the Debtor's insurance defense counsel. PKC ENTERPRISES: Hires Kirk A. McCarville as Special Counsel ------------------------------------------------------------ PKC Enterprises, Inc., d/b/a Diamond Brooks Water, seeks authority from the U.S. Bankruptcy Court for the District of Arizona to employ Kirk A. McCarville, P.C., as special litigation counsel to the Debtor. PKC Enterprises requires Kirk A. McCarville to assist the Debtor in negotiation and resolving certain disputes with state and federal taxing authorities. Kirk A. McCarville will be paid at these hourly rates: Attorneys $395 Associates $225 Kirk A. McCarville will also be reimbursed for reasonable out-of-pocket expenses incurred. Kirk A. McCarville, a partner at Kirk A. McCarville, 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 its estates. Kirk A. McCarville can be reached at: Kirk A. McCarville, Esq. KIRK A. MCCARVILLE, P.C. 2525 E. Arizona Biltmore Cir., Suite B-218 Phoenix, AZ 85016 Tel: (602) 468-1714 About PKC Enterprises Based in Yuma, Arizona, PKC Enterprises, Inc., d/b/a Diamond Brooks Water -- http://diamondbrooks.com/-- is a family-owned company that has been providing drinking water to homes and businesses for over 28 years. Diamond Brooks has 23 water vending kiosks and a fleet of delivery trucks and employees that help produce and deliver more than 38,000 gallons of water each day. PKC Enterprises filed a Chapter 11 petition (Bankr. D. Ariz. Case No. 17-13961) on Nov. 25, 2017. The petition was signed by Philip Clark, its president. In its petition, the Debtor estimated $500,000 to $1 million in assets and $1 million to $10 million in liabilities. The Hon. Brenda Moody Whinery presides over the case. Thomas H. Allen, Esq., at Allen Barnes & Jones, PLC, serves as bankruptcy counsel. Kirk A. McCarville, P.C., is the special litigation counsel. PLAZA BROADWAY: Vaquero Objects to Disclosure Statement ------------------------------------------------------- Vaquero Broadway Partners, LP filed an objection to Plaza Broadway, LLC and Plaza Broadway Retail Group, LLC joint disclosure statement. This objection is filed in the Plaza Broadway case and a separate objection will be filed by Vaquero in the PBRG case. Vaquero complains that the Disclosure Statement fails to identify that Carlos Quintanilla, acting on behalf of Plaza Broadway, entered into a construction contract with GV Construction & Remodeling, LLC and did not pay all amounts claimed by GV. The Disclosure Statement fails to identify that GV filed a mechanic's lien against the Property, that the lien filing is a breach of the Lease, and that Plaza Broadway has not obtained removal of the mechanic's lien. The Disclosure Statement contains no information identifying the means by which Plaza Broadway will cure the default created by not paying GV. The Disclosure Statement totally fails to provide any information related to that Profit Sharing Agreement between Plaza Broadway and Vaquero MG Partners, LP dated Feb. 16, 2015, or the consequences of the breach of the profit sharing agreement. The profit-sharing agreement was part of the consideration for the Lease. If Plaza Broadway breaches this agreement, the breach will result in a claim on behalf of Vaquero. The Disclosure Statement fails to contain any information regarding the voting rights on this claim and the inability of Plaza Broadway to obtain confirmation of the plan without an accepting vote by Vaquero. Vaquero will vote to reject the plan if voting on the plan is authorized, and that this rejection will prevent confirmation of the plan. The Disclosure Statement is virtually devoid of meaningful information and is useless for any person or entity to determine whether to vote to accept or reject the plan of reorganization. A full-text copy of Vaquero's Objection is available at: http://bankrupt.com/misc/txnb17-30247-11-118.pdf Attorney for Vaquero Broadway Partners, L.P.: Richard W. Ward Texas Bar no. 20846350 6860 N. Dallas Pkwy., Ste. 200 Plano, TX 75024 Telephone: 214-220-2402 Facsimile: 972-499-7240 Email: rwward@airmail.net Plaza Broadway Retail Group, LLC Plaza Broadway Retail Group, LLC filed a Chapter 11 bankruptcy petition (Bankr. N.D. Tex. Case No. 17-30247) on January 22, 2017. Eric A. Liepins, PC served as bankruptcy counsel but was later replaced by Quilling, Selander, Lownds, Winslett & Moser, PC. The Debtor's assets and liabilities are both below $1 million. PLAZA BROADWAY: Vaquero Opposes Approval of PBRG Plan Outline ------------------------------------------------------------- Vaquero Broadway Partners, LP, objects to the joint disclosure statement filed by Plaza Broadway, LLC and Plaza Broadway Retail Group, LLC. This objection is filed in the PBRG case and a separate objection has been filed by Vaquero in the Plaza Broadway case. Vaquero complains that the disclosure statement is inadequate because no information is contained regarding the relationship of Plaza Broadway and PBRG. The factual statements in Section III of the disclosure statement are not only inadequate but also are factually incorrect. The disclosure statement states "PBRG was originally formed in early 2015." As established by the attached information from the Texas Secretary of State, PBRG was not formed until July 28, 2016, which is more than a year after the date established in the disclosure statement. Further, the disclosure statement asserts that the "old K-Mart store" was leased from Vaquero and that Vaquero was "approached" by PBRG. These statements are factually incorrect because PBRG did not exist (and would not come into existence for more that 18 months after the signing of the Lease) at the time the lease was negotiated and executed. In fact, the lease of the Property was executed by Carlos Quintanilla, purporting to act as a manager for Plaza Broadway at a time when Plaza Broadway did not exist. In fact, Plaza Broadway has never been formed as a limited liability company. These factual inadequacies are important because issues exist regarding the relationship of Plaza Broadway to PBRG with respect to rights to occupy the Property: both Plaza Broadway and PBRG list the lease of the Property as an asset and schedule the lease on Schedule G in each case. At a hearing on Dec. 22, 2017, in the PBRG case, PBRG's counsel represented that the lease was not (and had not been) assigned to PBRG, but that PBRG served as an operator or manager of the Property on behalf of Plaza Broadway. Vaquero disputes the contentions of PBRG's counsel and asserts that the Lease was assigned to PBRG at an unknown date, which assignment breached the Lease and constitutes a breach of the Lease that cannot be cured. The disclosure statement also fails to contain information on the revenues and expenses of Plaza Broadway since the filing of the bankruptcy case. This information is critically important because the monthly operating reports filed by PBRG show zero monthly revenues have never been sufficient to pay the expenses during the bankruptcy case. Information regarding how a debtor that cannot generate an operating profit during a bankruptcy case will cure more than $800,000 in monetary defaults is critical. In addition, the disclosure statement fails to provide information regarding the monthly expenses that must be paid from the projected revenues. Without this information, no party in interest can determine whether the revenues will allow payment of all expenses and plan payments. For these reasons, Vaquero requests that the Court deny approval of the disclosure statement. The Troubled Company Reporter previously reported that the Debtors anticipate the continued operations of their businesses to fund the Plan. A full-text copy of Vaquero's Objection is available at: http://bankrupt.com/misc/txnb17-30266-11-132.pdf Attorney for Vaquero Broadway Partners, L.P.: Richard W. Ward Texas Bar no. 20846350 6860 N. Dallas Pkwy., Ste. 200 Plano, TX 75024 Telephone: 214-220-2402 Facsimile: 972-499-7240 Email: rwward@airmail.net Plaza Broadway Retail Group, LLC Plaza Broadway LLC filed a Chapter 11 bankruptcy petition (Bankr. N.D. Tex. Case No. 17-30247) on January 20, 2017 and Plaza Broadway Retail Group, LLC filed (Bankr. N.D. Tex. Case No. 17-30266) on January 22, 2017. The petitions were signed by Carlos Quintanilla, manager. At the time of filing, the Debtors assets and liabilities are both below $50,000. Eric A. Liepins, PC served as bankruptcy counsel but was later replaced by Quilling, Selander, Lownds, Winslett & Moser, PC. The Debtors employ James D. Parker, as accountant. PROMETHEUS & ATLAS: Alper Revocable Trust Claim Increased to $1.5MM ------------------------------------------------------------------- Prometheus & Atlas Real Estate Development, LLC, filed with the U.S. Bankruptcy Court for the District of Nevada a second amended disclosure statement describing its chapter 11 plan of liquidation. Class 1(a) under the plan is the secured claim of Eliot A. Alper Revocable Trust. The amount of the claim is $1,595,143.09 pursuant to Amended proof of claim 1-1 filed Jan. 3, 2018. The Alper Claim is undisputed. The amount of the claim in the previous filing was $1,200,000. The holder of the Allowed Class 1(a) Secured Claim will be impaired and paid the secured amount of its claim in full from the proceeds of the sale of the Las Vegas Property. The Property has been appraised for a value that exceeds the principal of the loan. Specifically, the Property has been appraised at $2,600,000. Thus, Alper is not under-secured. Given that all secured claims against the Property total $2,257,301.65, Debtor has significant equity in the Property and Secured Creditor Alper is over-secured and will be entitled to all interest, attorneys' fees, and costs incurred through the date of the payment to Alper from the proceeds of the sale of the Property. A copy of the Redlined Version of the Second Amended Disclosure Statement is available at: http://bankrupt.com/misc/nvb17-12699-64.pdf A copy of the Liquidation Plan is available at: http://bankrupt.com/misc/nvb17-12699-65.pdf About Prometheus & Atlas Real Estate Development Based in Las Vegas, Nevada, Prometheus & Atlas Real Estate Development, LLC owns and manages a real estate development company. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 17-12699) on May 19, 2017. James Kalhorn, managing member, signed the petition. At the time of the filing, the Debtor disclosed $2.6 million in assets and $1.75 million in liabilities. Ghandi Deeter Blackham is the Debtor's bankruptcy counsel. The Debtor hires David J. Merrill P.C. as special counsel. The Debtor taps Mark Holten of Signa Realty Group as real estate broker to sell the property located at NW4 SEC 12 20 59, City of Las Vegas, County of Clark, Nevada. PUERTO RICO: Franklin, Oppenheimer Funds Update Bond Holdings ------------------------------------------------------------- Certain holders of bonds issued by the Puerto Rico Sales Tax Financing Corporation and other bonds issued by the Commonwealth of Puerto Rico and its instrumentalities in connection with bankruptcy cases of The Financial Oversight and Management Board for Puerto Rico, as representative of The Commonwealth of Puerto Rico, and affiliates, filed with the U.S. Bankruptcy Court for the District of Puerto Rico a second supplemental verified statement pursuant to Federal Rule of Bankruptcy Procedure 2019, disclosing the firms that represent them. On June 26 and June 27, 2014, certain funds managed or advised by OppenheimerFunds, Inc., and Franklin Advisers, Inc., retained Kramer Levin Naftalis & Frankel LLP to challenge as unconstitutional the recently passed and soon to be enacted Puerto Rico Debt Enforcement and Recovery Act. Kramer Levin later became engaged to represent Franklin and Oppenheimer as a group in connection with a potential restructuring of bonds issued by the Commonwealth of Puerto Rico and its instrumentalities. In February 2016, certain funds managed or advised by Santander Asset Management, LLC, joined the Mutual Fund Group in connection with a potential restructuring of the Bonds. On Aug. 16, 2017, counsel to the Mutual Fund Group submitted the Verified Statement of the Mutual Fund Group pursuant to the U.S. Bankruptcy Rule 2019. On Nov. 7, 2017, counsel to the Ad Hoc Group submitted the First Supplemental Verified Statement of the Mutual Fund Group pursuant to Bankruptcy Rule 2019. The Members and their corresponding Nature and Amount of Disclosable Economic Interest include: 1. Franklin Advisers, Inc., on behalf of accounts managed or advised by it. One Franklin Parkway, San Mateo, CA 94403 Commonwealth of Puerto Rico Uninsured: $0 Insured: $0 COFINA (Puerto Rico Sales Tax Financing Corporation) Sr. Uninsured: $53,825,000 Sr. Insured: $0 Jr. Uninsured: $550,893,586 Jr. Insured: $0 HTA (Puerto Rico Highways and Transportation Authority) Uninsured: $0 Insured: $0 ERS (Employees Retirement System of Puerto Rico) Uninsured: $0 Insured: $0 PREPA (Puerto Rico Electric PowerAuthority) Uninsured: $601,263,9995 Insured: $0 2. OppenheimerFunds, Inc., on behalf of funds and/or accounts managed or advised by it. 350 Linden Oaks Rochester, NY 14625 Commonwealth of Puerto Rico Uninsured: $1,438,650,000 Insured: $83,409,000 COFINA (Puerto Rico Sales Tax Financing Corporation) Sr. Uninsured: $508,955,000 Sr. Insured: $132,335,906 Jr. Uninsured: $1,262,984,606 Jr. Insured: $0 HTA (Puerto Rico Highways and Transportation Authority) Uninsured: $233,255,000 Insured: $118,790,000 ERS (Employees Retirement System of Puerto Rico) PREPA (Puerto Rico Electric Power Authority) Uninsured: $847,827,000 Insured: $52,280,000 3. Santander Asset Management, LLC, on behalf of funds and/or accounts managed or advised by it. GAM Tower 2nd Floor 2 Tabonuco Street Guaynabo, PR 06968 Commonwealth of Puerto Rico4 Uninsured: $1,500,000 Insured: $1,105,000 COFINA (Puerto Rico Sales Tax Financing Corporation) Sr. Uninsured: $143,770,452 Sr. Insured: $36,913,535 Jr. Uninsured: $219,975,316 Jr. Insured: $0 HTA (Puerto Rico Highways and Transportation Authority) Uninsured: $0 Insured: $6,085,000 ERS (Employees Retirement System of Puerto Rico) Uninsured: $0 Insured: $0 PREPA (Puerto Rico Electric Power Authority) Uninsured: $0 Insured: $0 The Members hold, or are the investment advisors or managers of funds or accounts that hold, approximately $707 million in aggregate amount of uninsured senior Bonds (based on their accreted value as of Dec. 11, 2017) and approximately $2.0 billion in aggregate amount of uninsured subordinate bonds (based on their accreted value as of Dec. 11, 2017) as of Dec. 11, 2017. The Members also hold, or are the investment advisors or managers of funds or accounts that hold, approximately $1.4 billion in aggregate amount of uninsured bonds issued or guaranteed by the Commonwealth of Puerto Rico. Each Member of the Mutual Fund Group (a) does not assume any fiduciary or other duties to any other creditor or person and (b) does not purport to act, represent or speak on behalf of any other entities in connection with the Title III cases. Nothing contained in this Second Supplemental Statement is intended to or should be construed to constitute (a) a waiver or release of any claims filed or to be filed against or interests in the debtors in any title III case held by any Member, its affiliates or any other entity, or (b) an admission with respect to any fact or legal theory. The Counsel can be reached at: Manuel Fernandez-Bared, Esq. Linette Figueroa-Torres, Esq. Jane Patricia Van Kirk, Esq. TORO, COLON, MULLET, RIVERA & SIFRE, P.S.C. P.O. Box 195383 San Juan, PR 00919-5383 Tel: (787) 751-8999 Fax: (787) 763-7760 E-mail: mfb@tcmrslaw.com lft@tcmrslaw.com jvankirk@tcmrslaw.com -- and -- Amy Caton, Esq. Thomas Moers Mayer, Esq. Amy Caton, Esq. Alice J. Byowitz, Esq. Douglas Buckley, Esq. KRAMER LEVIN NAFTALIS & FRANKEL LLP 1177 Avenue of the Americas New York, New York 10036 Tel: (212) 715-9100 Fax: (212) 715-8000 E-mail: tmayer@kramerlevin.com acaton@kramerlevin.com abyowitz@kramerlevin.com dbuckley@kramerlevin.com About Puerto Rico Puerto Rico is a self-governing commonwealth in association with the United States that's facing a massive bond debt of $70 billion, a 68% debt-to-GDP ratio and negative economic growth in nine of the last 10 years. The Commonwealth of Puerto Rico has sought bankruptcy protection, aiming to restructure its massive $74 billion debt-load and $49 billion in pension obligations. The debt restructuring petition was filed by Puerto Rico's financial oversight board in U.S. District Court in Puerto Rico (Case No. 17-01578) on May 3, 2017, and was made under Title III of 2016's U.S. Congressional rescue law known as the Puerto Rico Oversight, Management, and Economic Stability Act ("PROMESA"). The Financial Oversight and Management Board later commenced Title III cases for the Puerto Rico Sales Tax Financing Corporation (COFINA) on May 5, 2017, and the Employees Retirement System (ERS) and the Puerto Rico Highways and Transportation Authority (HTA) on May 21, 2017. On July 2, 2017, a Title III case was commenced for the Puerto Rico Electric Power Authority ("PREPA"). U.S. Chief Justice John Roberts has appointed U.S. District Judge Laura Taylor Swain to oversee the Title III cases. The Honorable Judith Dein, a United States Magistrate Judge for the District of Massachusetts, has been designated to preside over matters that may be referred to her by Judge Swain, including discovery disputes, and management of other pretrial proceedings. Joint administration of the Title III cases, under Lead Case No. 17-3283, was granted on June 29, 2017. The Oversight Board has hired as advisors, Proskauer Rose LLP and O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic consultant, Citigroup Global Markets, as municipal investment banker, and Ernst & Young, as financial advisor. Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M. Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at O'Neill & Borges are on-board as attorneys. McKinsey & Co. is the Board's strategic consultant, Ernst & Young is the Board's financial advisor, and Citigroup Global Markets Inc. is the Board's municipal investment banker. Prime Clerk LLC is the claims and noticing agent. Prime Clerk maintains a case web site at https://cases.primeclerk.com/puertorico Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA, and PREPA. O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF), the agency responsible for negotiations with bondholders. The Oversight Board named Professor Nancy B. Rapoport as fee examiner and to chair a committee to review professionals' fees. Bondholders' Attorneys Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group, comprised of mutual funds managed by Oppenheimer Funds, Inc., Franklin Advisers, Inc., and the First Puerto Rico Family of Funds, which collectively hold over $3.5 billion in COFINA Bonds and over $2.9 billion in other bonds issued by Puerto Rico and other instrumentalities, including over $1.8 billion of Puerto Rico general obligation bonds ("GO Bonds"). White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS Family of Funds and the Puerto Rico Family of Funds, which hold $613.3 million in COFINA bonds. Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell, Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam & Lausell are co-counsel to the ad hoc group of General Obligation Bondholders, comprised of Aurelius Capital Management, LP, Autonomy Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC, Monarch Alternative Capital LP, Senator Investment Group LP, and Stone Lion Capital Partners L.P. Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are co-counsel to the ad hoc coalition of holders of senior bonds issued by COFINA, comprised of at least 30 institutional holders, including Canyon Capital Advisors LLC and Varde Investment Partners, L.P. Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson Kempner Capital Management LP, OZ Management, LP, and OZ Management II LP (the QTCB Noteholder Group). Committees The U.S. Trustee formed a nine-member Official Committee of Retirees and a seven-member Official Committee of Unsecured Creditors of the Commonwealth. The Retiree Committee tapped Jenner & Block LLP and Bennazar, Garcia & Milian, C.S.P., as its attorneys. The Creditors Committee tapped Paul Hastings LLP and O'Neill & Gilmore LLC as counsel. PUERTO RICO: Orders Probe on Deprivation of Power Grid Supplies --------------------------------------------------------------- Andrew Scurria, writing for The Wall Street Journal Pro Bankruptcy, reported that Gov. Ricardo Rossello of Puerto Rico asked justice officials to investigate allegations that critical power grid supplies were stockpiled instead of put to use rebuilding the U.S. territory's infrastructure following a devastating recent hurricane. According to the report, the governor said the Puerto Rico Justice Department probe would uncover "whether there was a commission of crimes or negligent action." The U.S. Army Corps of Engineers said it had discovered supplies at a warehouse owned by the island's bankrupt electric monopoly, known as Prepa, and then distributed them to private contractors rebuilding the island power grid, the report related. The announcement sparked a furor on the island, where hundreds of thousands of families are still without power, the report further related. "People keep dying and businesses continue to close due to the lack of energy while the necessary spare parts were in the possession of Prepa," Eduardo Bhatia, the Puerto Rico Senate's minority leader, told the Journal, adding that the incident "borders on a criminal act." "Those responsible must be taken before state and federal authorities to be criminally processed immediately," Mr. Bhatia added. About Puerto Rico Puerto Rico is a self-governing commonwealth in association with the United States that's facing a massive bond debt of $70 billion, a 68% debt-to-GDP ratio and negative economic growth in nine of the last 10 years. The Commonwealth of Puerto Rico has sought bankruptcy protection, aiming to restructure its massive $74 billion debt-load and $49 billion in pension obligations. The debt restructuring petition was filed by Puerto Rico's financial oversight board in U.S. District Court in Puerto Rico (Case No. 17-01578) on May 3, 2017, and was made under Title III of 2016's U.S. Congressional rescue law known as the Puerto Rico Oversight, Management, and Economic Stability Act ("PROMESA"). The Financial Oversight and Management Board later commenced Title III cases for the Puerto Rico Sales Tax Financing Corporation (COFINA) on May 5, 2017, and the Employees Retirement System (ERS) and the Puerto Rico Highways and Transportation Authority (HTA) on May 21, 2017. On July 2, 2017, a Title III case was commenced for the Puerto Rico Electric Power Authority ("PREPA"). U.S. Chief Justice John Roberts has appointed U.S. District Judge Laura Taylor Swain to oversee the Title III cases. The Honorable Judith Dein, a United States Magistrate Judge for the District of Massachusetts, has been designated to preside over matters that may be referred to her by Judge Swain, including discovery disputes, and management of other pretrial proceedings. Joint administration of the Title III cases, under Lead Case No. 17-3283, was granted on June 29, 2017. The Oversight Board has hired as advisors, Proskauer Rose LLP and O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic consultant, Citigroup Global Markets, as municipal investment banker, and Ernst & Young, as financial advisor. Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M. Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at O'Neill & Borges are on-board as attorneys. McKinsey & Co. is the Board's strategic consultant, Ernst & Young is the Board's financial advisor, and Citigroup Global Markets Inc. is the Board's municipal investment banker. Prime Clerk LLC is the claims and noticing agent. Prime Clerk maintains a case web site at https://cases.primeclerk.com/puertorico Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA, and PREPA. O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF), the agency responsible for negotiations with bondholders. The Oversight Board named Professor Nancy B. Rapoport as fee examiner and to chair a committee to review professionals' fees. Bondholders' Attorneys Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group, comprised of mutual funds managed by Oppenheimer Funds, Inc., Franklin Advisers, Inc., and the First Puerto Rico Family of Funds, which collectively hold over $3.5 billion in COFINA Bonds and over $2.9 billion in other bonds issued by Puerto Rico and other instrumentalities, including over $1.8 billion of Puerto Rico general obligation bonds ("GO Bonds"). White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS Family of Funds and the Puerto Rico Family of Funds, which hold $613.3 million in COFINA bonds. Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell, Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam & Lausell are co-counsel to the ad hoc group of General Obligation Bondholders, comprised of Aurelius Capital Management, LP, Autonomy Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC, Monarch Alternative Capital LP, Senator Investment Group LP, and Stone Lion Capital Partners L.P. Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are co-counsel to the ad hoc coalition of holders of senior bonds issued by COFINA, comprised of at least 30 institutional holders, including Canyon Capital Advisors LLC and Varde Investment Partners, L.P. Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson Kempner Capital Management LP, OZ Management, LP, and OZ Management II LP (the QTCB Noteholder Group). Committees The U.S. Trustee formed a nine-member Official Committee of Retirees and a seven-member Official Committee of Unsecured Creditors of the Commonwealth. The Retiree Committee tapped Jenner & Block LLP and Bennazar, Garcia & Milian, C.S.P., as its attorneys. The Creditors Committee tapped Paul Hastings LLP and O'Neill & Gilmore LLC as counsel. ROBINSON PREMIUM: Plan Proposes Creation of Successor Holding Co. ----------------------------------------------------------------- Robinson Premium Beef, LLC, filed with the U.S. Bankruptcy Court for the Northern District of Texas a second disclosure statement explaining its second plan of reorganization dated Jan. 5, 2018. The Second Amended Plan also provides for the creation of a Successor Holding Company and the addition of San Angelo Agricultural Services, LLC "SAAS" as a sister entity to the Debtor. Ownership interests in the Successor Holding Company will be issued in exchange for partial conversion of certain administrative claims, a cash infusion by Hart, applicable pre-petition claims, and to certain parties who are also Allowed Pre-Petition Interests Holders (but not on account of such interests). SAAS will remain a stand-alone entity whose finances will not be blended with the Debtor nor will the Debtor's assets be used as collateral for any SAAS debt. SAAS' operations are also not being used to enhance or benefit the Debtor's operations. All income able to be reasonably disbursed by either entity beyond its respective obligational requirements will be made to the Successor Holding Company. Class 5 under the second plan consists of the allowed general unsecured claims, which total $142,805.10 prior to any objections. This class will be entitled to pro-rata distribution of $50,000 on the Second Plan Closing Date in full satisfaction of those claims. This class is impaired and is entitled to vote. On or after the Confirmation Date, but prior to the Second Plan Closing Date, the Debtor and Laurens Schilderink (as the owner of SAAS) will cause all necessary documents to be filed with the State of Texas to create the Successor Holding Company. The Successor Holding Company will, on the Second Plan Closing Date, issue all Interests Post-Confirmation, per applicable provisions of the Second Plan in exchange for (a) the Reorganized Debtor issuing a single membership interest to the Successor Holding Company; and (b) Laurens Schilderink transferring his 100% ownership of equity securities in SAAS to the Successor Holding Company. The Reorganized Debtor and SAAS will operate independently of each other, each relying on their own respective operations income and bearing in mind each entity's operational obligations and requirements. With regard to proper distributions of operating income upstream to the Successor Holding Company, the Reorganized Debtor must prudently and properly address its Second Plan based debt structure before any distribution can be made to the Successor Holding Company. A full-text copy of the Second Amended Disclosure Statement is available at: http://bankrupt.com/misc/txnb16-60092-11-282.pdf About Robinson Premium Robinson Premium Beef, LLC, was formed as a Texas limited liability company on Aug. 23, 2013 with the functional intention to acquire the former operating, but then idled assets of San Angelo Packing and Four S Foods Holding (two slaughterhouse facilities with surrounding acreage [either owned or under long term lease] to address cattle (the Main Processing Facility) and calves, goats and sheep (Ancillary Processing Facility) as well as various meat processing lines) along with significant farm acreage (Farm Facility owned by the Decedent's Estate of Jimmy Stokes) that was utilized when the Main and Ancillary Facilities were previously operating. Robinson Premium Beef, LLC, filed a Chapter 11 bankruptcy petition (Bankr. N.D. Tex. Case No. 16-60092) on Sept. 2, 2016. The petition was signed by Jeremy Robinson, Manager. At the time of filing, the Debtor estimated $10 million to $50 million in assets and liabilities. The Debtor tapped Edwin Paul Keiffer, Esq., in Dallas, Texas, as counsel; and Barg & Henson, PC as accountants. ROCK STAR CHEF: Unsecureds to Get 2.05% Under Chapter 11 Plan ------------------------------------------------------------- Rock Star Chef Corporation filed with the U.S. Bankruptcy Court for the District of Puerto Rico a disclosure statement explaining its plan of reorganization, which proposes a 2.05% recovery for holders of general unsecured claims. Class 1 - Holders of General Unsecured Claims are impaired and will receive payment 2.05% of their Allowed Claims within the 30 days after the Effective Date of the Plan, without interest. Allowed general unsecured claims total $48,777.69. Holders of Allowed Priority Tax Claims will be paid prorata in deferred equal consecutive monthly installments of $2,348.00 commencing on the 7th month after the Effective Date of the Plan and continuing on the last day of each month thereafter over a 60–month period after the Effective Date, equal to the full amount of such Allowed claim plus 3.5% per annum interest. Payment in favor of priority creditor "Centro de Recaudación de Ingresos Municipales" ("CRIM") for $385.36 will be made on the Effective Date of the Plan. The source of payments under the proposed Plan will come from the operation of Debtor's business. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/prb17-03998-39.pdf About Rock Star Chef Corp Rock Star Chef Corporation filed a Chapter 11 bankruptcy petition (Bankr. D.P.R. Case No. 17-03998) on June 2, 2017, estimating less than $1 million in both assets and liabilities. The Debtor is represented by Noemi Landrau Rivera, Esq., at Landrau Rivera & Assoc. SEASTAR HOLDINGS: Hires Rust/Omni as Claims Agent ------------------------------------------------- SeaStar Holdings, Inc., and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Rust Consulting/Omni Bankruptcy as claims and noticing agent. Services to be provided by Omni are: a. prepare and serve required notices and documents in these chapter 11 cases in accordance with the Bankruptcy Code and the Bankruptcy Rules in the form and manner directed by the Debtors and/or the Court, including (i) notice of the commencement of these chapter 11 cases and the initial meeting of creditors, if any, under section 341(a) of the Bankruptcy Code, (ii) notice of any claims bar date, if necessary, (iii) notices of transfers of claims, (iv) notices of objections to claims and objections to transfers of claims, (v) notices of any hearings on a disclosure statement or confirmation of the Debtors' plan or plans of reorganization, including under Bankruptcy Rule 3017(d), (vi) notice of the effective date of any plan, and (vii) all other notices, orders, pleadings, publications, and other documents as the Debtors or the Court may deem necessary or appropriate for an orderly administration of these chapter 11 cases; b. maintain an official copy of the Debtors' schedules of assets and liabilities, schedules of current income and expenditures, schedules of executory contracts and unexpired leases, and statements of financial affairs, schedules of current income and expenditures, schedules of executory contracts and unexpired leases, to the extent the filing of the Schedules is necessary in these chapter 11 cases, listing the Debtors' known creditors and the amounts owed thereto, if the requirement to file such Schedules is not waived by the Court; c. maintain (i) a list of all potential creditors, equity holders, and other parties in interest; and (ii) a "core" mailing list consisting of all parties described in Bankruptcy Rule 2002(1), O, and (k) and those parties that have filed a notice of appearance pursuant to Bankruptcy Rule 9010; and to update and make said lists available upon request by a party in interest or the Clerk's Office; d. furnish a notice to all potential creditors of the last date for filing proof of claim, if necessary, and a form for filing a proof of claim, after such notice and form are approved by the Court, and notify said potential creditors of the existence, amount, and classification of their respective claims as set forth in the Schedules, which may be effected by inclusion of such information on a customized proof of claim form provided to potential creditors; e. maintain a post office box or address for the purpose of receiving claims and returned mail, and process all mail received; f. for all notices, applications, orders, or other pleadings or documents served, prepare and file or cause to be filed with the Clerk's Office an affidavit or certificate of service within seven business days of service which includes (i) either a copy of the notice served or the docket number(s) and title(s) of the pleading(s) served, (ii) a list of persons to whom it was mailed (in alphabetical order) with their addresses, (iii) the manner of service, and (iv) the date served; g. process all proofs of claim received, if any, including those received by the Clerk's Office, confirm processing for accuracy, and maintain the original proof of claim in a secure area' h. provide an electronic interface for filing proofs of claim; h. (i) maintain the official claims register for each Debtor on behalf of the Clerk's Office on a case specific website; (ii) upon the Clerk's Office's request, provide the Clerk's Office with certified, duplicate unofficial Claims Registers; and (iii) specify in the Claims Registers the following information for each claim docketed: (A) the claim number assigned, (B) the date received, (C) the name and address of the claimant and agent, if applicable, who filed the claim, (D) the amount asserted, (E) the asserted classification(s) of the claim (e.g.,secured, unsecured, priority, etc.), (F) the applicable Debtor, and (G) any disposition of the claim; i. provide public access to the Claims Registers, including complete proofs of claim with attachments, if any, without charge; j. implement necessary security measures to ensure the completeness and integrity of the Claims Registers, if any, and the safekeeping of the original claims; k. record all transfers of claims and provide any notices of such transfers as required by Bankruptcy Rule 3001(e); l. relocate, by messenger or overnight delivery, all of the proofs of claim filed directly with the court to Omni's offices, not less than weekly; m. upon completion of the docketing process for all claims received to date for each case, turn over to the Clerk's Office copies of the Claims Registers for the Clerk's Office's review; n. monitor the Court's docket for all notices of appearance, address changes, and claims-related pleadings and orders filed and make necessary notations on and/or changes to the Claims Registers and any service or mailing lists, including to identify and eliminate duplicative names and addresses from such lists; o. identify and correct any incomplete or incorrect addresses in any mailing or service lists; q. assist in the dissemination of information to the public and respond to requests for administrative information regarding these chapter 11 cases as directed by the Debtors or the Court, including through the use of a case website, and/or call center; r. if these chapter 1 1 cases are converted to cases under chapter 7 of the Bankruptcy Code, contact the Clerk's Office within three days of notice to Omni of entry of the order converting these chapter 11 cases; s. 30 days prior to the close of these chapter 11 cases, to the extent practicable, request that the Debtors submit to the Court a proposed order dismissing Omni and terminating the services of such agent upon completion of its duties and responsibilities and upon the closing of these chapter 11 cases; t. within seven days of notice to Omni of entry of an order closing these chapter 11 cases, provide to the Court the final version of the Claims Registers as of the date immediately before the close of these chapter 11 cases; and u. at the close of these chapter 1 I cases, box and transport all original documents, in proper format, as provided by the Clerk's Office, to (i) the Federal Archives Record Administration, located at Central Plains Region, 200 Space Center Drive, Lee's Summit, Missouri 64064 or (ii) any other location requested by the Clerk's Office. The services to be rendered by Rust Omni will be billed at: Analyst $25 - $40 per hour Consultants $50 - $125 per hour Senior Consultants $140 - $155 per hour Equity Services $175 per hour Technology/Prog ramming $85 to $135 per hour Paul H. Deutch, Executive Managing Director of Rust Consulting/Omni Bankruptcy, attests that Omni is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code with respect to the matters upon which it is engaged. The firm can be reached through: Paul H. Deutch RUST CONSULTING/OMNI BANKRUPTCY 1120 Avenue of the Americas, 4th Floor New York, NY 10036 Tel: 212-302-3580 Fax: 212-302-3820 About SeaStar Holdings Based in Puerto Rico, SeaStar Holdings, Inc., doing business as Seaborn Airlines, serves local passengers within the Caribbean and connecting traffic to numerous locations within or outside the United States through code share or interline arrangements with multiple airline partners. The Company's fleet consists of seven 34-seat Saab 34088s and one 15-seat Twin Otter Seaplane. The majority of the Company's inter-island flights are via the Saab fleet. The Seaplane serves as the primary air transportation between St. Croix and St. Thomas in the U.S. Virgin Islands. SeaStar Holdings, Inc., along with affiliates Seaborne Virgin Islands, Inc., and Seaborne Puerto Rico, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-10039) on Jan. 8, 2018. The Hon. Christopher S. Sontchi is the case judge. SeaStar Holdings estimated assets of $1 million to $10 million and debt of $10 million to $50 million as of the bankruptcy filing. Adam G. Landis, Esq., Kerri K. Mumford, Esq., and Travis J. Ferguson, Esq., at Landis Rath & Cobb LLP, serve as the Debtors' bankruptcy counsel. Sonoran Capital Advisors LLC is the Debtors' restructuring advisor. Stinson Leonard Street LLP is the special regulatory counsel. Seabury Corporate Advisors LLC is the investment banker. Rust Consulting/Omni Bankruptcy is the claims and noticing agent. SEASTAR HOLDINGS: Tap Seabury as Investment Banker -------------------------------------------------- SeaStar Holdings, Inc., and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Seabury Corporate Advisors LLC as investment banker. Services to be provided by Seabury are: (a) assist the Debtors in analyzing and evaluating the business and financial performance of the company; (b) assist in the preparation of a descriptive memorandum and other marketing materials describing the Debtors, their operations, their historical performance and future prospects; (c) develop, update and review with the Debtors on an ongoing basis those parties that might be interested in acquiring the Debtors or investing in the company; (d) assist the Debtors in screening and contacting selected qualified acquirers and/or investors acceptable to the company; (e) assist the Debtors in compiling and maintaining a data room of necessary and appropriate documents related to the transaction; (f) assist the Debtors with the due diligence process; (g) assist the Debtors in evaluating any proposals received from potential acquirers and/ or investors; (h) assist the Debtors in structuring and negotiating the financial aspects of any proposed Transaction, under the company's guidance; and (i) present progress summaries regarding the Transaction to the Debtors' senior management team and Board of Directors, as requested. Seabury's rate structure is as follows: (a) Monthly Fee: $50,000 per month from the signing of the Engagement Agreement for a period of three months and thereafter, a monthly amount to be agreed upon from the fourth month of Seabury's engagement and onward. (b) Restructuring Success Fee: The Debtors will pay Seabury a success fee of $350,000 upon the earlier of: (i) the closing of a Sale Transaction, or (ii) the effective date of a court confirmed plan of reorganization or liquidation. The Base Fee (equivalent to $150,000) shall be creditable against any Restructuring Success Fee paid to Seabury. Michael B. Cox, a Managing Director of Seabury Corporate Advisors, attests that Seabury is a "disinterested person" within the meaning of Bankruptcy Code section 101(14) and as required by Bankruptcy Code section 327(a), and holds no interest materially adverse to the Debtors, their creditors and shareholders for the matters for which Seabury is to be employed. The firm can be reached through: Michael Cox SEABURY CORPORATE ADVISORS LLC 1350 Avenue of the Americas, 25th Floor New York, NY 10019 USA Phone: (312) 842-5012 Fax: +1 -212-284-1144 Email: Michael.b.cox@seaburyconsulting.com About SeaStar Holdings Based in Puerto Rico, SeaStar Holdings, Inc., d/b/a Seaborn Airlines, serves local passengers within the Caribbean and connecting traffic to numerous locations within or outside the United States through code share or interline arrangements with multiple airline partners. The Company's fleet consists of seven 34-seat Saab 34088s and one 15-seat Twin Otter Seaplane. The majority of the Company's inter-island flights are via the Saab fleet. The Seaplane serves as the primary air transportation between St. Croix and St. Thomas in the U.S. Virgin Islands. SeaStar Holdings, Inc., along with affiliates Seaborne Virgin Islands, Inc., and Seaborne Puerto Rico, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-10039) on Jan. 8, 2018. The Hon. Christopher S. Sontchi is the case judge. SeaStar Holdings estimated assets of $1 million to $10 million and debt of $10 million to $50 million as of the bankruptcy filing. Adam G. Landis, Esq., Kerri K. Mumford, Esq., and Travis J. Ferguson, Esq., at Landis Rath & Cobb LLP, serve as the Debtors' bankruptcy counsel. Sonoran Capital Advisors LLC is the Debtors' restructuring advisor. Stinson Leonard Street LLP is the special regulatory counsel. Seabury Corporate Advisors LLC is the investment banker. Rust Consulting/Omni Bankruptcy is the claims and noticing agent. SEASTAR HOLDINGS: Taps Benjamin Munson of Embark Aviation as CEO ---------------------------------------------------------------- SeaStar Holdings, Inc., and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Embark Aviation Corp. to provide a Chief Executive Officer and certain additional personnel and designate Benjamin Munson as the Debtors' chief executive officer. Services required of Embark are: a) assist with network planning, development of network strategy, schedule development, relationship management, routs probability reporting, and competitive tracking and analysis; b) assist with revenue management maintenance of inventory, and pricing strategy and implementation; and c) assisting with commercial alliance development, relationship management with current/prospective partners, and monitor distribution with industry partners. Benjamin Munson, President of Embark Aviation Corp., attests that Embark holds no interest materially adverse to the Debtors, its creditors and shareholders for the matters for which Embark is to be employed. Embark's fee structure is as follows: a. Initial Engagement Fee: A one-time fee of 516,200 to be paid on or before December 18, 2017 for services to be provided in the calendar month of December 18, 2017 by the Chief Executive Officer, Network Planning services, Revenue Management services, and Alliance consulting services. b. Monthly Recurring Fee: A monthly recurring fee of 536,000 to be paid on or before the first business day of each month, in advance of services rendered effective January 2018. -- $36,000 USD per month for Chief Executive Officer leadership, Network Planning services, Revenue Management services, Alliance consulting services; -- $10,000 per month for Chief Executive Officer leadership; -- $10,000 per month for Network Planning Services; -- $10,000 per month for Pricing and Revenue Management; and -- $6,000 per month for Alliances c. Expenses: All travel related expenses incurred as part of this engagement by Embark will be reimbursed in full by Seaborne Airlines. The firm can be reached through: Benjamin Munson EMBARK AVIATION CORP 718 7th St NW 3rd Floor Washington, DC 20001 Phone: 1-727-743-4387 E-mail: Ben.Munson@embarkaviation.com About SeaStar Holdings Based in Puerto Rico, SeaStar Holdings, Inc., doing business as Seaborn Airlines, serves local passengers within the Caribbean and connecting traffic to numerous locations within or outside the United States through code share or interline arrangements with multiple airline partners. The Company's fleet consists of seven 34-seat Saab 34088s and one 15-seat Twin Otter Seaplane. The majority of the Company's inter-island flights are via the Saab fleet. The Seaplane serves as the primary air transportation between St. Croix and St. Thomas in the U.S. Virgin Islands. SeaStar Holdings, Inc., along with affiliates Seaborne Virgin Islands, Inc., and Seaborne Puerto Rico, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-10039) on Jan. 8, 2018. The Hon. Christopher S. Sontchi is the case judge. SeaStar Holdings estimated assets of $1 million to $10 million and debt of $10 million to $50 million as of the bankruptcy filing. Adam G. Landis, Esq., Kerri K. Mumford, Esq., and Travis J. Ferguson, Esq., at Landis Rath & Cobb LLP, serve as the Debtors' bankruptcy counsel. Sonoran Capital Advisors LLC is the Debtors' restructuring advisor. Stinson Leonard Street LLP is the special regulatory counsel. Seabury Corporate Advisors LLC is the investment banker. Rust Consulting/Omni Bankruptcy is the claims and noticing agent. SEASTAR HOLDINGS: Taps Landis Rath & Cobb as Bankruptcy Counsel --------------------------------------------------------------- SeaStar Holdings, Inc., and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Landis Rath & Cobb LLP as bankruptcy counsel. Services to be provided by Landis Rath are: a. advise and assist the Debtors with respect to their rights, powers and duties as debtors-in-possession, and taking all necessary action to protect and preserve the Debtors' estates, including prosecuting actions on the Debtors' behalf, defending any actions commenced against the Debtors, negotiating all disputes involving the Debtors, and preparing objections to claims filed against the Debtors' estates; b. prepare and file necessary pleadings, motions, applications, draft orders, notices, schedules and other documents, and reviewing all financial and other reports to be filed in these Chapter 11 Cases, and advising the Debtors concerning, and preparing responses to, applications, motions, other pleadings, notices and other papers that may be filed and served in this case; c. handle inquiries and calls from creditors and counsel to interested parties regarding pending matters and the general status of these Chapter 11 Cases, and, to the extent required, preparing and serving any necessary responses; d. appear in Court and any appellate courts to represent and protect the interests of the Debtors and their estates; e. attend meetings including any meeting of creditors and negotiating with representatives of creditors and other parties-in-interest; f. advise and assist the Debtors in maximizing value in these Chapter 11 Cases, including, without limitation, in connection with the formulation, negotiation and promulgation of debtors-in-possession financing, use of cash collateral, a sale of assets. other transaction and/or a disclosure statement and Chapter 11 plan and all documents related thereto, and taking all further actions as may be required in connection with any sale, disclosure statement or plan during these Chapter 11 Cases; and g. perform all other necessary legal services for the Debtors in connection with the prosecution of these Chapter 11 Cases, including, but not limited to: (i) analyze the Debtors' leases and contracts and the assumptions, rejections, or assignments thereof, (ii) analyze the validity of liens against the Debtors, (iii) advising the Debtors on litigation matters, and (iv) develop a organization strategy. The current rates of LRC are: partners $575 to $860 per hour associates $315 to $495 per hour paralegals $240 to $245 per hour legal assistants $155 per hour Adam G. Landis, Esq. attests that LRC neither holds nor represents any interest adverse to the Debtors' estates and is a "disinterested person" within the meaning of Sections 327(a) and 101(14) of the Bankruptcy Code. The counsel can be reached through: Adam G. Landis, Esq. Kerri K. Mumford Esq. Travis J. Ferguson, Esq. LANDIS RATH & COBB LLP 919 Market Street, Suite 1800 Wilmington, DE 19801 Telephone: (302) 467 -4400 Facsimile: (302) 467 -4450 E-mail: landis@lrclaw.com mumford@lrclaw.com ferguson@lrclaw.com About SeaStar Holdings Based in Puerto Rico, SeaStar Holdings, Inc., doing business as Seaborn Airlines, serves local passengers within the Caribbean and connecting traffic to numerous locations within or outside the United States through code share or interline arrangements with multiple airline partners. The Company's fleet consists of seven 34-seat Saab 34088s and one 15-seat Twin Otter Seaplane. The majority of the Company's inter-island flights are via the Saab fleet. The Seaplane serves as the primary air transportation between St. Croix and St. Thomas in the U.S. Virgin Islands. SeaStar Holdings, Inc., along with affiliates Seaborne Virgin Islands, Inc., and Seaborne Puerto Rico, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-10039) on Jan. 8, 2018. The Hon. Christopher S. Sontchi is the case judge. SeaStar Holdings estimated assets of $1 million to $10 million and debt of $10 million to $50 million as of the bankruptcy filing. Adam G. Landis, Esq., Kerri K. Mumford, Esq., and Travis J. Ferguson, Esq., at Landis Rath & Cobb LLP, serve as the Debtors' bankruptcy counsel. Sonoran Capital Advisors LLC is the Debtors' restructuring advisor. Stinson Leonard Street LLP is the special regulatory counsel. Seabury Corporate Advisors LLC is the investment banker. Rust Consulting/Omni Bankruptcy is the claims and noticing agent. SEASTAR HOLDINGS: Taps Matthew Foster of Sonoran Capital as CRO --------------------------------------------------------------- SeaStar Holdings, Inc., and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Sonoran Capital Advisors, LLC to provide the Debtors a Chief Restructuring Officer and certain additional Personnel and designate Matthew Foster as the Debtors' Chief Restructuring Officer. Services to be provided by Sonoran are: a) assist with reporting to and communicating with key constituencies, including but not limited to the Debtors' secured lender; b) assist with the development of a business plan; c) assist with liquidity management and cash flow forecasting; d) assist with management of the Debtors' vendors and suppliers; e) coordinate with the Debtors' investment bankers, and assist in the evaluation of any proposed transactions; f. perform such other services as requested or directed by the Debtors' Board of Directors. Sonoran will charge a fixed monthly fee of $25,000 for work performed by the CRO and that Sonoran will charge its normal hourly rate which ranges between $195 - $395 with its hourly fees for the first six months capped at $100,000 and $25,000 per month thereafter for work performed by the Additional Personnel. Sonoran's hourly rates are: Managing Directors: $395 Senior Consultants: $375 Associates: $295 Analysts: $195 Matthew Foster, managing director of Sonoran Capital Advisors, attests that Sonoran is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: Matthew Foster Sonoran Capital Advisors, LLC 1733 N Greenfield Rd Mesa, AZ 85205 About SeaStar Holdings Based in Puerto Rico, SeaStar Holdings, Inc., doing business as Seaborn Airlines, serves local passengers within the Caribbean and connecting traffic to numerous locations within or outside the United States through code share or interline arrangements with multiple airline partners. The Company's fleet consists of seven 34-seat Saab 34088s and one 15-seat Twin Otter Seaplane. The majority of the Company's inter-island flights are via the Saab fleet. The Seaplane serves as the primary air transportation between St. Croix and St. Thomas in the U.S. Virgin Islands. SeaStar Holdings, Inc., along with affiliates Seaborne Virgin Islands, Inc., and Seaborne Puerto Rico, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-10039) on Jan. 8, 2018. The Hon. Christopher S. Sontchi is the case judge. SeaStar Holdings estimated assets of $1 million to $10 million and debt of $10 million to $50 million as of the bankruptcy filing. Adam G. Landis, Esq., Kerri K. Mumford, Esq., and Travis J. Ferguson, Esq., at Landis Rath & Cobb LLP, serve as the Debtors' bankruptcy counsel. Sonoran Capital Advisors LLC is the Debtors' restructuring advisor. Stinson Leonard Street LLP is the special regulatory counsel. Seabury Corporate Advisors LLC is the investment banker. Rust Consulting/Omni Bankruptcy is the claims and noticing agent. SEASTAR HOLDINGS: Taps Rust/Omni as Administrative Agent -------------------------------------------------------- SeaStar Holdings, Inc., and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Rust Consulting/Omni Bankruptcy as administrative agent. Bankruptcy administrative services to be provided by Rust/Omni are: (a) assist with, among other things, balloting, and tabulation and calculation of votes, as well as preparing any appropriate reports, as required in furtherance of confirmation of plan(s) of reorganization or liquidation; (b) generate an official ballot certification and testifying, if necessary, in support of the ballot tabulation results; (c) gather data in conjunction with the preparation, and assist with the preparation, of the Debtors' schedules of assets and liabilities and statements of financial affairs; (d) manage any distributions pursuant to a confirmed plan of reorganization or liquidation; and (e) provide such other claims processing, noticing, solicitation, balloting and administrative services described in the Services Agreement, but not included in the Section 156(c) Application, as may be requested from time to time by the Debtors. Rust/Omni's current hourly rates are: Analyst $25 - $40 Consultants $50 - $125 Senior Consultants $140 - $155 Equity Services $175 Technology/Programming $85 - $135 Paul H. Deutch, executive managing director of Rust Consulting/Omni Bankruptcy, attests that the firm is a "disinterested person," as that term is referenced in Section 321(a) of the Bankruptcy Code and defined in Section 101(14). The firm can be reached through: Paul H. Deutch RUST CONSULTING/OMNI BANKRUPTCY 1120 Avenue of the Americas, 4th Floor New York, NY 10036 Tel: 212-302-3580 Fax: 212-302-3820 About SeaStar Holdings Based in Puerto Rico, SeaStar Holdings, Inc., dba Seaborn Airlines, serves local passengers within the Caribbean and connecting traffic to numerous locations within or outside the United States through code share or interline arrangements with multiple airline partners. The Company's fleet consists of seven 34-seat Saab 34088s and one 15-seat Twin Otter Seaplane. The majority of the Company's inter-island flights are via the Saab fleet. The Seaplane serves as the primary air transportation between St. Croix and St. Thomas in the U.S. Virgin Islands. SeaStar Holdings, Inc., along with affiliates Seaborne Virgin Islands, Inc., and Seaborne Puerto Rico, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-10039) on Jan. 8, 2018. The Hon. Christopher S. Sontchi is the case judge. SeaStar Holdings estimated assets of $1 million to $10 million and debt of $10 million to $50 million as of the bankruptcy filing. Adam G. Landis, Esq., Kerri K. Mumford, Esq., and Travis J. Ferguson, Esq., at Landis Rath & Cobb LLP, serve as the Debtors' bankruptcy counsel. Sonoran Capital Advisors LLC is the Debtors' restructuring advisor. Stinson Leonard Street LLP is the special regulatory counsel. Seabury Corporate Advisors LLC is the investment banker. Rust Consulting/Omni Bankruptcy is the claims and noticing agent. SERTA SIMMONS: Bank Debt Due 2023 Trades at 6.62% Off ----------------------------------------------------- Participations in a syndicated loan under which Serta Simmons Bedding LLC is a borrower traded in the secondary market at 93.38 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 2.33 percentage points from the previous week. Serta Simmons Bedding LLC pays 350 basis points above LIBOR to borrow under the $1.950 billion facility. The bank loan matures on Nov. 8, 2023 and carries Moody's B2 rating and Standard & Poor's B rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. SERTA SIMMONS: Bank Debt Due 2024 Trades at 13.83% Off ------------------------------------------------------ Participations in a syndicated loan under which Serta Simmons Bedding LLC is a borrower traded in the secondary market at 86.17 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 1.37 percentage points from the previous week. Serta Simmons Bedding LLC pays 800 basis points above LIBOR to borrow under the $450 million facility. The bank loan matures on Nov. 8, 2024 and Moody's Caa1 rating and Standard & Poor's CCC+ rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. SHERIDAN INVESTMENT: Bank Debt Trades at 18.67% Off --------------------------------------------------- Participations in a syndicated loan under which Sheridan Investment Partners I LLC is a borrower traded in the secondary market at 81.33 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents a decrease of 1.61 percentage points from the previous week. Sheridan Investment Partners I LLC pays 350 basis points above LIBOR to borrow under the $741 million facility. The bank loan matures on Oct. 1, 2019 and Moody's Caa3 rating and Standard & Poor's B rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. SKILLSOFT CORP: Bank Debt Trades at 11.50% Off ---------------------------------------------- Participations in a syndicated loan under which Skillsoft Corp is a borrower traded in the secondary market at 88.50 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents a decrease of 0.62 percentage points from the previous week. Skillsoft Corp pays 825 basis points above LIBOR to borrow under the $185 million facility. The bank loan matures on April 28, 2022 and Moody's Caa3 rating and Standard & Poor's CCC rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. SNOWTRACKS COMMERCIAL: Attorney Now With DeMarb Brophy ------------------------------------------------------ Snowtracks Commercial Winter Management, LLC, seeks authority from the U.S. Bankruptcy Court for the Western District of Wisconsin to employ DeMarb Brophy LLC, as counsel to the Debtor, replacing Sweet DeMarb LLC. Sweet DeMarb LLC has been hired by the Debtor as counsel since before the Petition date. As of December 31, 2017, Sweet DeMarb retired its operation. Rebecca R. DeMarb was previously a partner of Sweet DeMarb, and presently a partner of DeMarb Brophy. Snowtracks Commercial requires DeMarb Brophy to: a. advise and assist the Debtor with respect to its duties and powers under the Bankruptcy Code; b. advise the Debtor on the conduct of this Chapter 11 case, including the legal and administrative requirements of operating in Chapter 11; c. attend meetings and negotiate with representative of the creditors and other parties in interest; d. prepare pleadings in connection with this Chapter 11 case, including motions, applications, answers, orders, reports, and papers necessary or otherwise beneficial to the administration of the Debtor's estate; e. appear before the Court to represent the interest of the Debtor's estate. f. perform all other necessary or appropriate legal services for the Debtor in connection with the prosecution of this Chapter 11 case, including (i) analyzing the Debtor's leases and contracts and the assumption and assignment or rejections thereof, (ii) analyzing the validity of liens against the Debtor, and (iii) advising the Debtor on transactional and litigation matters. DeMarb Brophy will be paid at these hourly rates: Attorneys $350 Paraprofessionals $80-$120 DeMarb Brophy is holding an advance fee deposit of $25,476, which was transferred from Sweet DeMarb. DeMarb Brophy will also be reimbursed for reasonable out-of-pocket expenses incurred. DeMarb Brophy has entered into a strategic partnership and office share agreement with Eustice Laffey Sebranek & Auby, S.C., effective January 1, 2018. DeMarb Brophy intends to partner with Eustice Laffey through the end of the bankruptcy case to efficiently complete the bankruptcy cases. Eustice Laffey will file a separate application to be employed as counsel for the Debtor. Rebecca R. DeMarb, a partner at DeMarb Brophy, 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 its estates. DeMarb Brophy can be reached at: Rebecca R. DeMarb, Esq. DEMARB BROPHY LLC One North Pinckney Street, Suite 300 Madison, WI 53703 Tel: (608) 310-5500 About Snowtracks Commercial Winter Management Snowtracks Commercial Winter Management, LLC, filed a Chapter 11 bankruptcy petition (Bankr. W.D.WI. Case No. 17-10755) on March 10, 2017. Michael P. Bronsteatter, manager, signed the petition. The Debtor estimated $1 million to $10 million in both assets and liabilities. The Hon. William V. Altenberger is the case judge.. Sweet DeMarb LLC was originally the Debtor's counsel. Sweet DeMarb LLC retired its operation as of Dec. 31, 2017, and DeMarb Brophy LLC was tapped as the new counsel. Rebecca R. DeMarb, who was a partner at Sweet DeMarb, is a partner at DeMarb Brophy. SYNCREON GROUP: Bank Debt Trades at 12.44% Off ---------------------------------------------- Participations in a syndicated loan under which Syncreon Group BV is a borrower traded in the secondary market at 87.56 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 0.55 percentage points from the previous week. Syncreon Group BV pays 425 basis points above LIBOR to borrow under the $525 million facility. The bank loan matures on Oct. 28, 2020 and Moody's Caa2 rating and Standard & Poor's B- rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. TK HOLDINGS: Unsecureds to Recover 0.1% - 0.4% Under Latest Plan ---------------------------------------------------------------- TK Holdings Inc. and affiliates filed with the U.S. Bankruptcy Court for the District of Delaware a disclosure statement for its third amended joint chapter 11 plan of reorganization dated Jan. 5, 2018. The latest plan asserts that in order to supplement the injunctive effect of the Plan Injunction of the Plan and the Releases the Plan for PSAN PI/WD Claims, the Plan provides for the Channeling Injunction to take effect as of the Effective Date to permanently channel all PSAN PI/WD Claims against the Protected Parties to the PSAN PI/WD Trust, which will forever stay, restrain, and enjoin all Persons that have held or asserted, that hold or assert any PSAN PI/WD Claims against the Protected Parties from taking any action to directly or indirectly collect, recover, or receive payment, satisfaction, or recovery from any such Protected Party. The Channeling Injunction provides for a non-jury resolution process administered by a court-appointed Trustee in an attempt to provide final, fair, and efficient resolution of PSAN PI/WD Claims against the Participating OEMs brought by claimants injured as a result of the PSAN Inflator Defect. The Channeling Injunction could eliminate the need for prolonged court involvement and the accompanying disruption caused by the traditional legal process. The Channeling Injunction will provide payment to holders of PSAN PI/WD Claims against the Participating OEMs for injuries caused by the PSAN Inflator Defect from a confirmed rupture or aggressive deployment of a PSAN Inflator pursuant to a valuation matrix in which compensation will be awarded based upon the injury type and severity of the injury. Compensation determinations will be made by the PSAN PI/WD Trustee, initially Professor Eric Green (unless he is unable or unwilling to serve in such capacity), who was previously appointed as the Special Master to administer the separate Takata personal injury restitution fund. The Channeling Injunction provides for an individualized analysis of a claimant's injuries, an appeal process, and prompt payment of approved claims. Class 6(d) under the third amended plan consists of the holders of allowed general unsecured claims against the TKH Debtors. Unless otherwise agreed, each holder of an allowed general unsecured claim against the TKH Debtors will receive its pro rata share of the TKH available cash allocated to the TKH Other Creditors Fund. Estimated recovery for this class is 0.1% - 0.4%. A full-text copy of the Latest Disclosure Statement is available at: http://bankrupt.com/misc/deb17-11375-1630.pdf A full-text copy of the Third Amended Plan is available at: http://bankrupt.com/misc/deb17-11375-1629.pdf A full-text copy of the First Amended Plan is available at: http://bankrupt.com/misc/deb17-11375-1400.pdf About TK Holdings 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. The Debtors Meunier Carlin & Curfman LLC, as special intellectual property counsel. 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. 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) granting, among other things, 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 Claimants. 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. The Committee has also tapped Chuo Sogo Law Office PC as Japan counsel. The Official Committee of Tort Claimants selected Pachulski Stang Ziehl & Jones LLP as counsel. Gilbert LLP will evaluate of the insurance policies. Sakura Kyodo Law Offices will serve as special counsel. Roger Frankel, the legal representative for future personal injury claimants of TK Holdings Inc., et al., tapped Frankel Wyron LLP and Ashby & Geddes PA to serve as co-counsel. Takata Corporation ("TKJP") and affiliates Takata Kyushu Corporation and Takata Services Corporation commenced Chapter 15 cases (Bankr. D. Del. Case Nos. 17-11713 to 17-11715) on Aug. 9, 2017, to seek U.S. recognition of the civil rehabilitation proceedings in Japan. The Hon. Brendan Linehan Shannon oversees the Chapter 15 cases. Young, Conaway, Stargatt & Taylor, LLP, serves as Takata's counsel in the Chapter 15 cases. TSAR NICHOULAI: Case Summary & 10 Unsecured Creditors ----------------------------------------------------- Debtor: Tsar Nichoulai Caviar, LLC 5018 Tuttle Cove Manhattan, KS 66502 Type of Business: Tsar Nicoulai Caviar, LLC is the operator of the Tsar Nicoulai Sturgeon Farm, a fish farm. Chapter 11 Petition Date: January 16, 2018 Court: United States Bankruptcy Court District of Kansas (Wichita) Case No.: 18-10066 Debtor's Counsel: Joseph A. Knopp, Esq. KNOPP & BANNISTER, LLP 620 Humboldt P. O. Box 369 Manhattan, KS 66502 Tel: (785) 776-9288 E-mail: office@kbnlawyers.com joe@knoppbiggs.com Total Assets: $0 Total Liabilities: $3.49 million The petition was signed by Marian Mahone, managing member. A copy of the Debtor's list of 10 unsecured creditors is available for free at http://bankrupt.com/misc/ksb18-10066.pdf UW OSHKOSH FOUNDATION: Has Until June 16 to Exclusively File Plan ----------------------------------------------------------------- The Hon. Susan V. Kelley of the U.S. Bankruptcy Court for the Eastern District of Wisconsin has extended The University of Wisconsin Oshkosh Foundation, Inc.'s exclusive period for filing a Chapter 11 plan to June 16, 2018, and the date to solicit acceptances of the plan to Aug. 15, 2018. As reported by the Troubled Company Reporter on Dec. 22, 2017, the Debtor asked for the extension, claiming that its case is complex case requiring certain issues to be determined prior to the Debtor and creditors making an intelligent decision on how the case should proceed. Currently, there are three adversary proceedings which, when adjudicated, will dictate the contents and tenor of a proposed Chapter 11 Plan. A copy of the Order is available at: http://bankrupt.com/misc/wieb17-28077-78.pdf About University of Wisconsin Oshkosh Foundation Inc. Established in 1963, the University of Wisconsin Oshkosh Foundation -- https://www.uwosh.edu/foundation -- was created to promote, receive, invest and disburse gifts to meet the goals and needs of the University of Wisconsin Oshkosh. Its offices are located in the Alumni Welcome and Conference Center along the Fox River. UW Oshkosh Foundation is a separate and distinct legal entity from UW Oshkosh and qualifies as a tax-exempt 501(c)(3) organization under the United States Internal Revenue Code. It owns a fee simple interest in the Alumni Welcome & Conference Center located at 625 Pearl Avenue, Oshkosh, valued at $11.8 million. It is also a fee simple owner of a residence located at 1423 Congress Avenue, Oshkosh, with a current value of $375,000. UW Oshkosh Foundation sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 17-28077) on Aug. 17, 2017. Timothy C. Mulloy, chairman of the Board, signed the petition. At the time of the filing, the Debtor disclosed $14.84 million in assets and $15.87 million in liabilities. Judge Susan V. Kelley presides over the case. The Debtor hired Steinhilber Swanson LLP as its bankruptcy counsel; Martin Cowie as its chief financial officer; and CliftonLarsonAllen as its accountant. V&L TOOL: Jan. 30 Plan Confirmation Hearing ------------------------------------------- Judge Susan V. Kelley of the U.S. Bankruptcy Court for the Eastern District of Wisconsin has approved the amended disclosure statement filed by V&L Tool, LLC. The hearing on confirmation of the amended plan filed October 4, 2017 is scheduled for January 30, 2018 at 1:00 p.m. All objections to confirmation must be filed with the Court on or before January 26, 2018. A full-text copy of Judge Kelley's order dated December 11, 2017 is available at: http://bankrupt.com/misc/wieb16-24208-svk-254.pdf About V&L Tool, LLC Founded by Vyron Schaefer in 1968, V&L Tool, LLC, is in the business of designing, machining and assembly of metals to close tolerance specifications. V&L Tool, LLC, formerly doing business as VLT Acquisition LLC, filed a Chapter 11 petition (Bankr. E.D. Wis. Case No. 16-24208) on April 27, 2016. Greg Ahsmann, manager, signed the petition. At the time of filing, the Debtor disclosed $5.46 million in total assets and $5.16 million in total liabilities. The Debtor is represented by Jonathan D. Golding, Esq., and Richard N. Golding, Esq., at the Golding Law Offices, P.C., in Chicago, Illinois. VASARI LLC: Unsecureds to Get 8.75% Over 5 Years ------------------------------------------------ Vasari, LLC, has filed a disclosure statement for its plan of reorganization with the U.S. Bankruptcy Court for the Northern District of Texas. A summary of the claims and interests under the plan are as follows: Description Estimated Amount Estimated of Claims Recovery ------------------- ---------------- --------- Cadence DIP Claim $1.0 million 100% Administrative $0 100% Expense Claims Fee Claims $450,000 100% U.S. Trustee Fees $30,000 100% Priority Tax Claims 100% Cadence Prepetition $11,049,810 100% Claims Priority Non-Tax $0 100% Claims Administrative 8.75% Convenience Claims General Unsecured $4.0 million (est.) 8.75% (w/o interest Claims over 5 years DQ Claims 0% Owner Claims $1,600,000 plus 5% in kind pre-petition interest Interests Holders Unknown - 0 - The plan distributions to be made in cash under the terms of the plan shall be funded from (a) the Debtors' cash on hand as of the effective date; (b) the subscription amount and (c) cash generated from the ongoing operations of the debtor. In addition, Cadence shall provide to the reorganized debtor a revolving working capital loan up to $350,000 available between December and May to fund the seasonality of the reorganized debtor's business. A full-text copy of Vasari's disclosure statement dated December 11, 2017 is available at: http://bankrupt.com/misc/txnb17-44346-mxm11-209.pdf Vasari is represented by: Vickie Driver, Esq. HUSCH BLACKWELL LLP 2001 Ross Avenue Suite 2000 Dallas, TX 75201 Tel: (214)999-6100 Fax: (214)999-6170 Email: Vickie.Driver@huschblackwell.com -- and -- Alex Terras, Esq. HUSCH BLACKWELL LLP 120 South Riverside Plaza Suite 2200 Chicago, IL Tel: (312)526-1537 Fax: (312)655-1501 Email: Alex.Terras@huschblackwell.com About Vasari, LLC Fort Worth, Texas-based Vasari, LLC -- http://www.vasarillc.com/-- is a franchisee of the Dairy Queen restaurant with 70 locations in Texas, Oklahoma, and New Mexico. The Dairy Queen restaurants serve a normal fast-food menu featuring burgers, French fries, salads and grilled and crispy chicken in addition to frozen treats and hot dogs. Roundtable Corporation, Food Service Holdings, Ltd. ("FSH"), and Concert Management, Ltd., Vasari's predecessors-in-interest to several of the DQ locations, sought bankruptcy protection (Bankr. E.D. Tex. Lead Case NO. 12-40510) in March 2012. On June 28, 2012, Vasari -- at the time owned by other individuals and entities unrelated to the current owner -- acquired the assets of Roundtable, et al., including 71 DQ franchises, in exchange for $10,500,000. After operating Vasari for approximately 18 months, EMP Vasari Holding, LLC entered into a Membership Interests Purchase Agreement dated December 2015, purchasing 100% of the equity of Vasari from the prior owners. Since that date, Vasari sold 4, closed 5, relocated 1, and opened 6 DQ stores. Vasari, LLC, sought Chapter 11 protection (Bankr. N.D. Tex. Case No. 17-44346) on Oct. 30, 2017, with plans to close 29 locations. The Debtor estimated assets and debt of $10 million to $50 million. The Hon. Mark X. Mullin is the case judge. Husch Blackwell LLP is the Debtor's counsel. The Advantage Group Enterprise, Inc., is the auctioneer. Donlin, Recano & Company, Inc., is the claims agent. Mastodon Ventures, Inc., is the financial advisor and investment banker. On Nov. 9, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. The Committee tapped Gray Reed & McGraw LLP as its legal counsel, and Emerald Capital Advisors Corp. as its financial advisor. VIVID SERVICE: Hires Paul Reece as Attorney ------------------------------------------- Vivid Service Group, LLC, seeks authority from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Paul Reece Marr, P.C., as attorney. Vivid Service requires Paul Reece to: (a) provide the Debtor with legal advice regarding its powers and duties as debtor in possession in the continued operation and management of its affairs; (b) prepare on behalf of the Debtor the necessary applications, statements, schedules, lists, answers, orders and other legal papers pursuant to the Bankruptcy Code; and (c) perform all other legal services in the Chapter 11 bankruptcy proceeding for the Debtor which may be reasonably necessary. Paul Reece will be paid at these hourly rates: Attorneys $325 Paralegals $125 Clerks $50 Paul Reece will be paid a retainer in the amount of $10,000. Paul Reece will also be reimbursed for reasonable out-of-pocket expenses incurred. Paul Reece Marr, a partner at Paul Reece, 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 its estates. Paul Reece can be reached at: Paul Reece Marr, Esq. PAUL REECE MARR, P.C. 300 Galleria Parkway, NW, Suite 960 Atlanta, GA 30339 Tel: (770) 984-2255 E-mail: paul.marr@marrlegal.com About Vivid Service Group Vivid Service Group, LLC, filed a Chapter 11 bankruptcy petition (Bankr. N.D. Ga. Case No. 18-50460) on Jan. 10, 2018. The Debtor continues to control and manage its affairs as a debtor-in-possession. No official committee of unsecured creditors has been appointed. The Debtor hired Paul Reece Marr, P.C., as its attorney. WINDSTREAM CORP: Bank Debt Trades at 10.17% Off ----------------------------------------------- Participations in a syndicated loan under which Windstream Corp is a borrower traded in the secondary market at 89.83 cents-on-the-dollar during the week ended Friday, January 5, 2018, according to data compiled by LSTA/Thomson Reuters MTM Pricing. This represents an increase of 0.94 percentage points from the previous week. Windstream Corp pays 325 basis points above LIBOR to borrow under the $580 million facility. The bank loan matures on Feb. 17, 2024 and Moody's B2 rating and Standard & Poor's BB- rating. The loan is one of the biggest gainers and losers among 247 widely quoted syndicated loans with five or more bids in secondary trading for the week ended January 5. WOODBRIDGE GROUP: Fires 84 Employees as Part of Restructuring ------------------------------------------------------------- Woodbridge Group of Companies, LLC, on Jan. 12, 2018, said it has taken decisive steps to transition the real estate development business away from an individual investor model to institutional financing sources in support of the restructuring of the business. Specifically, the Company is reducing and restructuring its sales and marketing team. The Company issued notices pursuant to the Worker Adjustment and Retraining Notification ("WARN") Act to approximately 84 sales and marketing employees in its Los Angeles, Florida, and Connecticut offices. "[Fri]day's announcement is testament to new management's commitment to ensuring Woodbridge emerges from its restructuring with a strong and stable financial structure anchored by institutional financing sources," said Larry Perkins, Chief Restructuring Officer of Woodbridge. "With the backing of Hankey Capital and the permission of the Court, we are continuing development of our portfolio of assets, which in turn will ensure maximum recovery for our investors and other creditors." About Woodbridge Group Headquartered in Sherman Oaks, California, The Woodbridge Group Enterprise -- http://www.woodbridgecompanies.com/-- is a comprehensive real estate finance and development company. Its principal business is buying, improving, and selling high-end luxury homes. The Woodbridge Group Enterprise also owns and operates full-service real estate brokerages, a private investment company, and real estate lending operations. The Woodbridge Group Enterprise and its management team have been in the business of providing a variety of financial products for more than 35 years, and have been primarily focused on the luxury home business for the past five years. Since its inception, the Woodbridge Group Enterprise has completed more than $1 billion in financial transactions. These transactions involve real estate, note buying and selling, hard money lending, and alternative financial transactions involving thousands of investors. Woodbridge Group of Companies and certain of its affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 17-12560) on Dec. 4, 2017, to facilitate a debt recapitalization and better position the business for long-term growth and success. Woodbridge estimated assets and liabilities at between $500 million and $1 billion. Judge Kevin J. Carey presides over the case. Gibson, Dunn & Crutcher, LLP, and Young Conaway Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel. SierraConstellation Partners LLC is serving as chief restructuring officer and financial advisors, and Beilinson Advisory Group is serving as independent management to the debtors. Moelis & Company LLC, is the Debtors' investment banker. Homer Bonner Jacobs, PA, is the special counsel, and Province, Inc., is the expert consultant. Beilinson Advisory Group is serving as independent management to the Debtors. Garden City Group, LLC, is the Debtors' claims and noticing agent. Pachulski Stang Ziehl & Jones is counsel to the Official Committee of Unsecured Creditors; and FTI Consulting, Inc., serves as its financial advisor. WOODBRIDGE GROUP: Venable Represents Ad Hoc Panel of Unitholders ---------------------------------------------------------------- Venable LLP filed with the U.S. Bankruptcy Court for the District of Delaware a verified statement pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure in connection with the Firm's representation of the Ad Hoc Committee of Unitholders in the Chapter 11 cases of Woodbridge Group of Companies and its debtor-affiliates. The Unitholders' Ad Hoc Committee was formed as of Jan. 8, 2018, and has elected to engage Venable to represent their interests in connection with the Chapter 11 cases. The members, along with the amount of each disclosable economic interest held, are: 1. Dr. Raymond C. Blackburn Cydnei K. Blackburn 1203 Regents Park Court Desoto, TX 75115 $3,100,000 2. Dr. Raymond C. Blackburn 1203 Regents Park Court Desoto, TX 75115 $1,200,000 3. Glenn and Felicity Miller 771 Lake Road King Ferry, NY 13081 $350,000 4. Steven E. Miller Provident Trust Group, LLC FBO 146 Klondike Road Charlestown, RI 02813 $300,000 5. Dr. Chris Pinney CT Pinney Family Limited Partnership P.O. Box 278 Schulenburg, TX 78956 $100,000 6. Gary Sofen Revocable Trust 1816 Wildcat Cove Drive Fort Pierce, FL 34949 $50,000 7. Kristin Sofen Revocable Trust 1816 Wildcat Cove Drive Fort Pierce, FL 34949 $50,000 The Firm assures the Court that none of the Unitholders' Ad Hoc Committee members represents or purports to represent any other entities in connection with the Chapter 11 cases. The Firm does not hold any claims against, or interests in, the Debtors. The Firm can be reached at: Jamie L. Edmonson, Esq. VENABLE LLP 1201 N. Market Street, Suite 1400 Wilmington, Delaware 19801 Tel: (302) 298-3535 Fax: (302) 298-3550 E-mail: jledmonson@venable.com -- and -- Jeffrey S. Sabin (pro hac admission pending) 1270 Avenue of the Americas New York, New York 10020 Tel: 212-307-5500 Fax: 212-307-5598 E-mail: jssabin@venable.com About Woodbridge Group Headquartered in Sherman Oaks, California, The Woodbridge Group Enterprise -- http://www.woodbridgecompanies.com/-- is a comprehensive real estate finance and development company. Its principal business is buying, improving, and selling high-end luxury homes. The Woodbridge Group Enterprise also owns and operates full-service real estate brokerages, a private investment company, and real estate lending operations. The Woodbridge Group Enterprise and its management team have been in the business of providing a variety of financial products for more than 35 years, and have been primarily focused on the luxury home business for the past five years. Since its inception, the Woodbridge Group Enterprise has completed more than $1 billion in financial transactions. These transactions involve real estate, note buying and selling, hard money lending, and alternative financial transactions involving thousands of investors. Woodbridge Group of Companies and certain of its affiliates filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No. 17-12560) on Dec. 4, 2017. Woodbridge estimated assets and liabilities at between $500 million and $1 billion. Judge Kevin J. Carey presides over the case. Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq., Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey, Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher, LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J. Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel. Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as expert consultant, Moelis & Company LLC, as investment banker. The Debtors' financial advisors are Larry Perkins, John Farrace, Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman at SierraConstellation Partners, LLC. Beilinson Advisory Group is serving as independent management to the Debtors. Garden City Group, LLC, is the Debtors' claims and noticing agent. Pachulski Stang Ziehl & Jones is counsel to the Official Committee of Unsecured Creditors; and FTI Consulting, Inc., serves as its financial advisor. WRIGHT'S WELL: Has Plan Support Agreement With Orinoco ------------------------------------------------------ Wright's Well Control Services, LLC, filed a second amended disclosure statement explaining its plan to add an amended plan support agreement, which detail the Debtor's future business relationship with Orinoco Leasing, LLC, which acquired the Midsouth Loans, and Northstar Offshore Ventures LLC ("NOV"). According to the Debtor, as of the filing of the Second Amended Disclosure Statement, significant capital infusions have taken plan by Thomas M. Clarke, the principal owner of NOV, through his company, which exceeded $350,000. Additionally, David and Monique Wright have invested new value. The transfer of assets from Wright's to Orinoco as outline in the Amended Plan Support Agreement will significantly reduce the amount of the Midsouth Loans acquired by Orinoco making debt service going forward much less burdensome to the Reorganized Wright's. At this time the amount of the credit Wright's will receive is unknown how any credit will be a minimum of $2,000,000. Hilco Industrial LLC, which the Debtor retained to liquidate certain equipment, has agreed to accept $300,000 cash plus an additional $150,000 in the form of an unsecured note payable to Hilco JV due 18 months after the Effective Date. A full-text copy of the Second Amended Disclosure Statement is available at: http://bankrupt.com/misc/lawb17-50354-171.pdf About Wright's Well Control Services Based in Lake Charles, Louisiana, Wright's Well Control Services, LLC, provides oil and gas well control solutions. The Debtor filed a Chapter 11 petition (Bankr. W.D. La. Case No. 17-50354) on March 22, 2017. In its petition, the Debtor estimated less than $50,000 in assets and $1 million to $10 million in liabilities. The petition was signed by David Christopher Wright, the Debtor's manager and member. Judge Robert Summerhays presides over the case. Kent H. Aguillard, Esq., at H. Kent Aguillard, is the Debtor's bankruptcy counsel. The Debtor hired a joint venture composed of Hilco Industrial LLC, Myron Bowling Auctioneers and Cincinnati Industrial Auctioneers as its asset marketing and sales agent. The Debtor taps Martin and Pellegrin as accountant. WRIGHT'S WELL: Oceaneering Objects to Second Amended Disclosures ---------------------------------------------------------------- Oceaneering International, Inc., objects to Wright's Well Control Services, LLC's second amended disclosure statement dated Dec. 18, 2017. Oceaneering complains that the Second Amended Disclosure Statement continues to suffer from the same deficiencies as the Debtor's past failed attempts to satisfy section 1125 of the Bankruptcy Code. In addition, the Debtor and David Wright recently filed pleadings in the Patent Litigation showing that Mr. Wright and the Debtor's special litigation counsel directed valuable patent rights to be assigned to Mr. Wright, individually, instead of to the rightful owner: the Debtor's Chapter 11 estate. In light of the continued failures to provide a meaningful disclosure statement and serious breaches of fiduciary duties owed to the Chapter 11 estate, the Debtor's plan should not be solicited for votes based on the Second Amended Disclosure Statement. The Debtor has once again failed to provide adequate information concerning basic fundamentals of the Debtor's estate, such as who owns the Debtor's patents and who will own what equipment on the plan's effective date, and how much the Debtor will pay on account of the largest secured claim in the case. More concerning, it has come to light in the last month that the Debtor and its special litigation counsel have engaged in unlawful post-petition transfers of estate property, concealed avoidable pre-petition transfers, and obtained post-petition financing without approval in violation of section 364. For these reasons and others, the Court should deny approval of the Second Amended Disclosure Statement and consider converting the case to one under Chapter 7. A full-text of Oceaneering's Objection is available at: http://bankrupt.com/misc/lawb17-50354-174.pdf About Wright's Well Control Services Based in Lake Charles, Louisiana, Wright's Well Control Services, LLC, provides oil and gas well control solutions. The Debtor filed a Chapter 11 petition (Bankr. W.D. La. Case No. 17-50354) on March 22, 2017. In its petition, the Debtor estimated less than $50,000 in assets and $1 million to $10 million in liabilities. The petition was signed by David Christopher Wright, the Debtor's manager and member. Judge Robert Summerhays presides over the case. Kent H. Aguillard, Esq., at H. Kent Aguillard, represents the Debtor as bankruptcy counsel. The Debtor hired a joint venture composed of Hilco Industrial LLC, Myron Bowling Auctioneers and Cincinnati Industrial Auctioneers as its asset marketing and sales agent. The Debtor taps Martin and Pellegrin as accountant. On September 12, 2017, the Debtor filed a disclosure statement, which explains its proposed Chapter 11 plan of reorganization. ********* 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. 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