/raid1/www/Hosts/bankrupt/TCR_Public/180713.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, July 12, 2018, Vol. 22, No. 193

                            Headlines

4 WEST HOLDINGS: Exclusive Plan Filing Deadline Moved to Oct. 3
4 WEST HOLDINGS: Seeks Plan Interpretation Amid Omega Objection
4 WEST HOLDINGS: Texas Tax Authorities Object to Plan
4 WEST HOLDINGS: Tort Claimants Oppose Plan Supplement
417 RENTALS: City of Springfield Opposes Plan Confirmation

4411 ENGLE RIDGE: Aug. 3 Plan and Disclosure Statement Hearing
AARON K. JONAN: Trustee Plan to Distribute $10K to Unsecureds
ACHAOGEN INC: FMR LLC Reports 3.7% Stake as of July 9
ADS TACTICAL: Moody's Rates $240MM Sec. Term Loan B Due 2023 'B3'
ALCOIL USA: Plan Outline Approved; Aug. 21 Plan Hearing

AMERICAN TANK: Plan Outline Okayed, Plan Hearing on July 17
API INC: Law Firm's Suit Remanded to District Court
ARABELLA PETROLEUM: Trustee, Committee File Chapter 11 Plan
ARECONT VISION: Asset Sale to Costar Technologies Approved
ASPEN AIR: Commences Chapter 15 Proceedings in Montana

ASPEN AIR: Deloitte Proposes Patten Peterman as Chapter 15 Counsel
ASPEN AIR: Has C$250,000 Financing From C.F. Capital
ASPEN AIR: U.S. Recognition Hearing Moved to Aug. 1
ASTHMA AND ALLERGY: Full Payment for Unsecureds Under Trustee Plan
B. L. GUSTAFSON: Court Dismisses Chapter 11 Bankruptcy Case

BALL METALPACK: Moody's Gives First Time B2 CFR, Outlook Stable
BCR EQUIPMENT: July 25 Plan Confirmation Hearing
BIOSTAGE INC: CSO Fodor Will Receive a $305,000 Annual Base Salary
BIOSTAGE INC: Hires RSM US as Auditors
BOURBON OFFSHORE: Reaches Deal with Lenders on Debt Moratorium

BRAVE PARENT: Moody's Affirms B3 CFR, Outlook Stable
BRAVE PARENT: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
BRINKER INT'L: Fitch Lowers IDR to BB & Then Withdraws All Ratings
CAJ SOUTHWAY PLAZA: Case Summary & 4 Unsecured Creditors
CALVERT DEVELOPMENT: Voluntary Chapter 11 Case Summary

CANDI CONTROLS: Unsecureds to be Paid from Initial Sale Proceeds
CHECKERS HOLDINGS: S&P Assigns 'B-' CCR, Outlook Stable
CHESTER COMMUNITY: Fitch Affirms B- Rating on $51.3MM 201A Bonds
CHI OVERHEAD: Moody's Hikes CFR to B2, Outlook Stable
CHINA COMMERCIAL: Completes Disposition of BVI Business

COMPCARE MEDICAL: Disclosure Statement Hearing Set for July 17
COMSTOCK RESOURCES: BMO & 12 Banks Pledge $700M Credit Facility
CONGREGATION ACHPRETVIA: Estimates Unsecured Claims to Total $113K
DCP MIDSTREAM: Fitch Gives BB+ IDR & Rates 2026 Unsec. Notes 'BB+'
DCP MIDSTREAM: Moody's Rates New Sr. Notes Due 2025 'Ba2'

DCP MIDSTREAM: S&P Assigns 'BB' Rating on New Sr. Unsecured Notes
DORIAN LPG: Confirms Receipt of Revised Proposal from BW LPG
DOUBLE D. FITNESS: July 26 Plan Confirmation Hearing
EAST OAKLAND: Aug. 1 Plan Confirmation Hearing
ENID LAKESIDE: Plan Confirmation Hearing Set for July 18

EXIDE TECHNOLOGIES: 3rd Cir. Affirms Dismissal of C. Frazier Suit
FAIRMONT PARTNERS: Case Summary & 20 Largest Unsecured Creditors
FANSTEEL INC: Asks Court to Conditionally OK Joint Plan Outline
FIRST FRUITS: Chapter 11 Bankruptcy Case Remains in North Carolina
FIRSTENERGY SOLUTIONS: To Sell Retail Unit to Exelon for $140M

FORASTERO INC: Hearing on Proposed Plan Outline Set for Aug. 7
GARDENS REGIONAL: Seeks Court Approval of Proposed Plan Outline
GEO COTEC: July 24 Plan, Disclosure Statement Hearing
GGI PROPERTIES: Wins Clawback Suit vs City of Milville
GLYECO INC: Corrects Stock Split Effective Date to July 10

HARRIS FINANCIAL: July 18 Accelerated Hearing on Plan Outline
HELIOS & MATHESON: Obtains Covenant Waiver from Noteholder
HELP KIDS: Disclosures OK'd; Aug. 9 Plan Confirmation Hearing
HPE TRANSPORTATION: Plan Outline Hearing Set for Aug. 17
ICONIX BRAND: BlackRock Lowers Stake to 1.3% as of June 30

IRON BRIDGE: Financing of Discounted Fund Disclosed in New Plan
JARRETT HOUSE: Aug. 7 Hearing on Plan Confirmation
KONA GRILL: Hires BDO USA as Auditors
KY LUBE: Plan and Disclosures Hearing Set for July 19
LA FUENTE HOME: Bankruptcy Court Rejects Bid for Summary Judgment

LOVE GRACE: Gets Court Approval of Plan to Exit Bankruptcy
MAGNOLIA OIL: Fitch Assigns 'B' IDR & Rates 1st Lien Debt 'BB'
MDM PHYSICAL: Unsecureds to Get 100% at 2% in 60 Monthly Payments
MIDWEST PORTABLE: Court Approves 2nd Amended Disclosures
OCEAN CLUB: Plan Confirmation Hearing Set for Aug. 3

OREXIGEN THERAPEUTICS: Sale of Assets Delays Plan Filing
PANTAGIS DINER: July 26 Disclosure Statement Hearing
PEARL MERGER: Moody's Gives B3 CFR, Outlook Stable
PEDIATRIC ASSOCIATES: Trustee Plan to Pay Unsecureds in Full
PHILOS GLOBAL: Has Until Aug. 31 to File Plan, Disclosures

PLH GROUP: S&P Assigns 'B+' Corp. Credit Rating, Outlook Stable
PROFAC SERVICES: Moody's Gives B3 CFR & Sr. Sec. Term Loan Rating
QORVO INC: Moody's Rates New Sr. Notes Due 2026 Ba1, Outlook Stable
QORVO INC: S&P Assigns 'BB+' Rating on $300MM Sr. Unsecured Notes
QUANTUM CORP: BlackRock Equity Stake Down to 1.8% as of June 30

RED RIVER: Unsecureds to Recover 100% Under Trustee Plan
RONALD AND GRACE: Proposes Frank Monetti as Accountant
RONALD AND GRACE: Seeks to Hire Straffi & Straffi as Attorney
ROWAN COMPANIES: Moody's Cuts CFR to B3, Sr. Notes Rating to Caa1
S CHASE LIMITED: Revises Classification of Secured Claims

S DIAMOND STEEL: Aug. 15 Plan Confirmation Hearing
SALYERSVILLE MEDICAL: Unsecureds to Recoup 100% in Trustee Plan
SENIOR CARE: Sale of Woods Debtors' Operations Delay Plan Filing
SENTINEL MANAGEMENT: Final Judgment Entered in Settlement with DACF
SHIBATA FLORAL: Plan Confirmation Hearing Set for July 19

SIMMONS FOODS: Moody's Rates $250MM 1st Lien Notes B1, Outlook Neg
SIMMONS FOODS: S&P Affirms B Corp. Credit Rating, Outlook Negative
SIRVA INC: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
SLEEP OASIS: Hearing on Plan Confirmation Set for Aug. 22
SOUTH PLAZA CENTER: Case Summary & 16 Largest Unsecured Creditors

SPEED VEGAS: P. Fiore Files Limited Objection to Plan, Disclosures
SPRUHA SHAH: Disclosure Statement Hearing Set for July 31
STEIN PROPERTIES: SSC6-MD to be Paid in Full in Latest Plan
TAOW LLC: Ct. Modifies Order Granting L. Lohan Bid for Stay Relief
TINTRI INC: Appoints Robert Duffy as Chief Restructuring Officer

TINTRI INC: Business as Usual, In Talks With DDN
TINTRI INC: Case Summary & 20 Largest Unsecured Creditors
TINTRI INC: Receives Nasdaq Delisting Determination Letter
TINTRI INC: Recurring Losses, Lawsuits Prompt Chapter 11 Filing
TINTRI INC: Seeks Approval of $5.5M DIP Loan from TriplePoint

TINTRI INC: Seeks Court Authority to Use SVB Collateral
TO YOUR HEALTH: Talks for Additional Capital Investment Delays Plan
TRANSOCEAN PONTUS: Moody's Rates New $600M Sec. Notes 'B1'
TRANSOCEAN PONTUS: S&P Rates $600MM Secured Notes Due 2025 'BB-'
UNION COUNTY TRANSPORT: Plan Outline OK'd; Aug. 15 Plan Hearing

VER TECHNOLOGIES: Plan Hearing Rescheduled to July 26
VETCOR ACQUISITION: S&P Gives B Corp. Credit Rating, Outlook Stable
WACHUSETT VENTURES: Unsecured Creditors to Recoup 5% Over 6 Years
WEATHERFORD INTERNATIONAL: Will Sell Drilling Rig Businesses
[*] DLA Piper Canada Adds New Partner Ilia Danef

[] 2018 DI Conference Discount Tickets Available for Early Birds
[^] Recent Small-Dollar & Individual Chapter 11 Filings

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4 WEST HOLDINGS: Exclusive Plan Filing Deadline Moved to Oct. 3
---------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order in the cases of 4 West Holdings, Inc., et al., extending
the exclusivity period for the filing of a Chapter 11 Plan, and the
solicitation of acceptances of the Plan, through and including
October 3, 2018 and December 3, 2018, respectively. As previously
reported, "The Debtors submit that an extension of the Exclusivity
Periods would allow the Debtors and their professionals the
necessary breathing room to focus all efforts on marketing the
assets to obtain the highest or best value, without the distraction
of a potential competing plan being filed in the interim. The
Debtors are not seeking to extend exclusivity to exert pressure on
creditors to accede to the Debtors' reorganization demands.
Extending the Exclusivity Periods will instead benefit creditors by
avoiding the drain on estate assets attendant to the potential
proposals of competing chapter 11 plans. The Debtors should be
afforded an appropriate amount of time to complete the marketing of
their assets, continue settlement negotiations with all parties in
interest, and seek confirmation of their Plan."

                     About 4 West Holdings

4 West Holdings, Inc., et al. -- http://www.orianna.com/-- are
licensed operators of 41 skilled nursing facilities and manage one
skilled nursing facility located in seven states: Georgia, Indiana,
Mississippi, North Carolina, South Carolina, Tennessee and
Virginia. In addition, one of related entity, Palladium Hospice and
Palliative Care, LLC f/k/a Ark Hospice, LLC, provides hospice and
palliative care services at certain of the Facilities and other
third party locations. They employ approximately 5,000 people,
including but not limited to, nurses, nursing assistants, social
workers, regional directors and supervisors.

4 West Holdings, Inc. and 134 of its affiliates and subsidiaries
filed voluntary petitions in the United States Bankruptcy Court for
the Northern District of Texas in Dallas seeking relief under the
provisions of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.
Tex. Lead Case No. 18-30777) on March 6, 2018 , with a
restructuring plan that contemplates the transfer of 22 facilities
to new operations.

The Debtors continue to operate their businesses and manage their
properties as debtors-in-possession. 4 West Holdings estimated $10
million to $50 million in assets and $50 million to $100 million in
liabilities as of the filing.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped DLA Piper LLP (US) as bankruptcy counsel;
Houlihan Lokey as investment banker; Crowe Horwath LLP as financial
advisor; Ankura Consulting Group, LLC, as interim management
services provider; and Rust Consulting/Omni Bankruptcy as claims
agent.


4 WEST HOLDINGS: Seeks Plan Interpretation Amid Omega Objection
---------------------------------------------------------------
BankruptcyData.com reported that Debtor Orianna Health Systems
filed with the U.S. Bankruptcy an expedited motion for an order
interpreting certain provisions of the Third Amended Chapter 11
Plan.  Orianna Health is a debtor affiliates of 4 West Holdings
Inc., et al.

According to BankruptcyData, the motion explains, "Having
substantially reaped the benefits of the Debtors' performance under
its agreements with the Debtors -- agreements which this Court
approved after days of lengthy and heavily contested hearings --
Omega now apparently seeks to retract its support for the Debtors'
Plan (on which it has already voted in favor) based on a purported
realization that the underlying deal is not as lucrative to Omega
as it previously presumed. Unfortunately for Omega, the Plan was
never conditioned on any level of recovery to Omega, nor have
circumstances changed to otherwise decrease Omega's recovery. In
fact, Omega's treatment under the Plan has only improved during
these chapter 11 cases as a result of the value-increasing
marketing process and auction conducted by the Debtors and their
professionals, as well as the Debtors' favorable business
operations that resulted from their relatively smooth landing into,
and productive activity during, chapter 11. Omega simply made a
mistake. It either overlooked or disregarded the numbers, and
seemingly failed to properly diligence the deal before signing on.
This is no fault of the Debtors, who have made their financial
advisors available to Omega from the very beginning of these cases,
and who have never misrepresented or otherwise misled Omega with
respect to any of the economic analyses at issue. Omega's sudden
realization of the mistake after allegedly offering a settlement
proposal to the Committee does not entitle them to use that mistake
as a sword to kill the Plan and send these cases into disarray.
Omega's mistake was unilateral and cannot be held against the
Debtors. It certainly does not impact the proper interpretation of
the Plan, and should not be accepted by this Court as grounds for
Omega reneging on its heavily negotiated deals that have been
vetted and approved by this Court. The Motion should be granted,
and the Debtors should be authorized to promptly proceed to
confirmation of the Plan."

                     About 4 West Holdings

4 West Holdings, Inc., et al. -- http://www.orianna.com/-- are
licensed operators of 41 skilled nursing facilities and manage one
skilled nursing facility located in seven states: Georgia, Indiana,
Mississippi, North Carolina, South Carolina, Tennessee and
Virginia. In addition, one of related entity, Palladium Hospice and
Palliative Care, LLC f/k/a Ark Hospice, LLC, provides hospice and
palliative care services at certain of the Facilities and other
third party locations. They employ approximately 5,000 people,
including but not limited to, nurses, nursing assistants, social
workers, regional directors and supervisors.

4 West Holdings, Inc. and 134 of its affiliates and subsidiaries
filed voluntary petitions in the United States Bankruptcy Court for
the Northern District of Texas in Dallas seeking relief under the
provisions of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.
Tex. Lead Case No. 18-30777) on March 6, 2018 , with a
restructuring plan that contemplates the transfer of 22 facilities
to new operations.

The Debtors continue to operate their businesses and manage their
properties as debtors-in-possession. 4 West Holdings estimated $10
million to $50 million in assets and $50 million to $100 million in
liabilities as of the filing.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped DLA Piper LLP (US) as bankruptcy counsel;
Houlihan Lokey as investment banker; Crowe Horwath LLP as financial
advisor; Ankura Consulting Group, LLC, as interim management
services provider; and Rust Consulting/Omni Bankruptcy as claims
agent.


4 WEST HOLDINGS: Texas Tax Authorities Object to Plan
-----------------------------------------------------
BankruptcyData.com reported that Wood County, Hood CAD, Hood County
(together, the Local Texas Tax Authorities or Tax Authorities)
filed with the U.S. Bankruptcy Court an objection to Orianna Health
Systems' request for confirmation of its Second Amended Joint Plan
of Reorganization.  Orianna is a debtor affiliate of 4 West
Holdings, Inc, et al.   

According to BankruptcyData, the objection asserts, "The Local
Texas Tax Authorities are political subdivisions of the State of
Texas, authorized to assess and collect taxes. It appears from the
proposed Plan that the Debtors intend to treat the Tax Authorities'
pre-petition claims as Class 2 Secured Tax Claims. This class is
allegedly unimpaired. However, in fact, the Tax Authorities are
impaired by the Plan, and therefore they object to this treatment.
The Plan fails to provide for the retention of the tax liens on the
Tax Authorities' collateral until these taxes are paid. The Plan
should not be confirmed unless and until it specifically provides
for the Tax Authorities' liens to remain on the collateral, and any
proceeds therefrom, until the claims, including interest and
penalties thereon, are paid in full. Further, those liens should
retain the same validity, extent and priority as existed on the
Petition Date and should not be altered or otherwise impaired by
the Exit Financing. The proposed Plan fails to properly provide for
the payment of interest on the Tax Authorities' claims as required
by 11 U.S.C. sections 506(b), and 1129(b)(2)(A)(i)(II). If the
claims are paid in full in Cash on the Effective Date, there is no
provision for payment of interest at all, and if they are paid over
time, the rate of interest is unspecified. As over-secured
creditors, the Tax Authorities are entitled to interest from the
petition date through the Effective Date at their statutory rate of
12% per annum. The Plan is unclear about when and how secured tax
claims will be paid. Class 2 claims are to be paid either in cash
on an unspecified date, or through deferred quarterly cash payments
over a period ending not more than 5 years after the Petition Date.
This provision certainly does not leave the Tax Authorities
"unimpaired" or with any certainty as to when their claims shall be
paid. Without more specific treatment, the Tax Authorities have no
way of knowing if the Debtors are in default of the plan or not. If
the pre-petition claims are to be paid over time, such payments
should be in monthly instalments to commence on the first day of
the first month after entry of the confirmation order."

                     About 4 West Holdings

4 West Holdings, Inc., et al. -- http://www.orianna.com/-- are
licensed operators of 41 skilled nursing facilities and manage one
skilled nursing facility located in seven states: Georgia, Indiana,
Mississippi, North Carolina, South Carolina, Tennessee and
Virginia. In addition, one of related entity, Palladium Hospice and
Palliative Care, LLC f/k/a Ark Hospice, LLC, provides hospice and
palliative care services at certain of the Facilities and other
third party locations. They employ approximately 5,000 people,
including but not limited to, nurses, nursing assistants, social
workers, regional directors and supervisors.

4 West Holdings, Inc. and 134 of its affiliates and subsidiaries
filed voluntary petitions in the United States Bankruptcy Court for
the Northern District of Texas in Dallas seeking relief under the
provisions of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.
Tex. Lead Case No. 18-30777) on March 6, 2018 , with a
restructuring plan that contemplates the transfer of 22 facilities
to new operations.

The Debtors continue to operate their businesses and manage their
properties as debtors-in-possession. 4 West Holdings estimated $10
million to $50 million in assets and $50 million to $100 million in
liabilities as of the filing.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped DLA Piper LLP (US) as bankruptcy counsel;
Houlihan Lokey as investment banker; Crowe Horwath LLP as financial
advisor; Ankura Consulting Group, LLC, as interim management
services provider; and Rust Consulting/Omni Bankruptcy as claims
agent.


4 WEST HOLDINGS: Tort Claimants Oppose Plan Supplement
------------------------------------------------------
BankruptcyData.com reported that William Dean Gassaway and certain
tort claimants filed with the U.S. Bankruptcy Court a joint
objection to 4 West Holdings, Inc., et al.'s motion to supplement
existing solicitation materials with terms contained in a Third
Amended Plan and related Disclosure Statement. The objection
asserts, "Solicitation packages with respect to the First Amended
Plan have already been mailed. Yet Debtors now seek to resolicit
certain tort claimants (but only those who have either not voted or
voted to reject the Second Amended Plan), and ask that they review
several documents, in addition to the Third Amended Disclosure
Statement, in a very short period of time. As a result, tort
claimants are left with too many sources of information without
clear, understandable guidance as to their treatment, potential
distributions and contingencies to receiving distributions. The
Debtors ask the Court to authorize solicitations with several
documents, including a Blacklined Plan, Blacklined Disclosure
Statement, a Cover Letter, a four-page single-spaced Ballot, and a
Supplemental Order, in addition to the Disclosure Statement and
original solicitation documents. Confused, if not bewildered, tort
claimants are also asked to make these important decisions on an
accelerated time schedule. The result is a fundamental failure of
due process?.The changes in the Third Amended Plan are
significant and raise several unanswered questions. If the Debtors
propose to go forward with solicitation, the Debtors should provide
tort claimants with a separate Disclosure Statement for their Class
4A claims, which includes adequate information and provides for
sufficient time to enable tort claimants to review the solicitation
materials and make an informed decision on whether to vote for the
proposed treatment. Even if Debtors' estimates are accurate, the
recovery will never be 9.8% as represented by Debtors because the
costs of administration and claims allowance will be paid from the
$2 million Tort Claims Cash Amount. Given that tort claims must be
determined either in state court or federal district court, these
costs are not insignificant, and the true amount available for tort
claimants likely to be significantly less than the $2 million
represented by Debtors."

                     About 4 West Holdings

4 West Holdings, Inc., et al. -- http://www.orianna.com/-- are
licensed operators of 41 skilled nursing facilities and manage one
skilled nursing facility located in seven states: Georgia, Indiana,
Mississippi, North Carolina, South Carolina, Tennessee and
Virginia. In addition, one of related entity, Palladium Hospice and
Palliative Care, LLC f/k/a Ark Hospice, LLC, provides hospice and
palliative care services at certain of the Facilities and other
third party locations. They employ approximately 5,000 people,
including but not limited to, nurses, nursing assistants, social
workers, regional directors and supervisors.

4 West Holdings, Inc. and 134 of its affiliates and subsidiaries
filed voluntary petitions in the United States Bankruptcy Court for
the Northern District of Texas in Dallas seeking relief under the
provisions of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.
Tex. Lead Case No. 18-30777) on March 6, 2018 , with a
restructuring plan that contemplates the transfer of 22 facilities
to new operations.

The Debtors continue to operate their businesses and manage their
properties as debtors-in-possession.  4 West Holdings estimated $10
million to $50 million in assets and $50 million to $100 million in
liabilities as of the filing.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped DLA Piper LLP (US) as bankruptcy counsel;
Houlihan Lokey as investment banker; Crowe Horwath LLP as financial
advisor; Ankura Consulting Group, LLC, as interim management
services provider; and Rust Consulting/Omni Bankruptcy as claims
agent.


417 RENTALS: City of Springfield Opposes Plan Confirmation
----------------------------------------------------------
The City of Springfield has criticized the Chapter 11 plan proposed
by 417 Rentals, LLC, saying only the company's sole member will
benefit from the reorganization.

"This reorganization is about one man Chris Gatley," said Duke
McDonald, assistant city attorney.  "This reorganization does not
save jobs or produce returns for stockholders."

According to Mr. McDonald, the plan proposes to "continue a
business that produces dangerous buildings, nuisance conditions,
overgrowth, and unlivable properties."

"Mr. Gatley's operation has been a public menace for years.  The
menace has continued since 417 filed this case and, if allowed to
do so, will continue," the city attorney said.  "Therefore,
confirmation is inconsistent with public policy."

The City of Springfield can be reached through:

     Duke McDonald
     840 Boonville
     Springfield, MO 65802
     Phone: (417) 864-1645
     Fax: (417) 864-1551
     Email: dmcdonald@springfieldmo.gov

                         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.  Joseph
Christopher Greene, Esq., is the Debtor's litigation counsel.


4411 ENGLE RIDGE: Aug. 3 Plan and Disclosure Statement Hearing
--------------------------------------------------------------
Bankruptcy Judge Phillip J. Shefferly issued an order granting
preliminary approval of 4411 Engle Ridge Drive, LLC's third amended
disclosure statement dated June 25, 2018.

The deadline to return ballots on the plan, as well as to file
objections to final approval of the adequacy of the information in
the third amended disclosure statement and objections to
confirmation of the third amended plan is July 27, 2018.

The hearing on objections to final approval of the adequacy of the
information in the third amended disclosure statement and
confirmation of the third amended plan will be held on August 3,
2018 at 11:00 a.m., before the Honorable Phillip J. Shefferly,
United States Bankruptcy Judge, in Courtroom 1975, 211 West Fort
Street, Detroit, Michigan 48226.

               About 4411 Engle Ridge Drive

4411 Engle Ridge Drive, LLC, is a single asset real estate case,
with its only asset being the real property and improvements
commonly known as 4411 Engle Ridge Drive, Fort Wayne, Indiana.  It
is a Michigan corporation formed on Aug. 20, 2013.

4411 Engle Ridge Drive filed a Chapter 11 voluntary petition
(Bankr. E.D. Mich. Case No. 18-41983) on Feb. 16, 2018.  In the
petition signed by Jeffrey Wilkerson, manager, the Debtor estimated
assets and liabilities of less than $500,000.  The Hon. Phillip J.
Shefferly is assigned to the case.


AARON K. JONAN: Trustee Plan to Distribute $10K to Unsecureds
-------------------------------------------------------------
Adam M. Back, solely in his capacity as Chapter 11 Trustee for
debtor Aaron K. Jonan Memorial Clinic, Inc., submits a first
amended small business chapter 11 plan with disclosures for the
debtor.

AKJ is a licensed RHC located in Jackson, Breathitt County,
Kentucky. AKJ serves as an outpatient clinic for adults and
children. It also provides services in internal medicine and
geriatrics with referrals for hospital admission and pediatrics
with no inpatient admission. AKJ serves approximately 6,600
patients annually.

The Debtor's Assets as of the Petition Date totaled $457,301.85
including the following: (a) checking accounts valued at $2,937.66;
(b) inventory valued at $3,000.00; (c) fixtures and equipment
valued at $5,000; (d) accounts receivable valued at $444,364.19
($297,064.01 estimated as not collectible) and (e) designation as
RHC and website at unknown values.

As soon as practicable after the Effective Date, the Chapter 11
Trustee or the Plan Administrator will make a mandatory
distribution, collectively, to the Unsecured Creditors of all
Affiliated Debtors in the total sum of $10,000 cash, including this
Debtor's Class E Unsecured Creditors, on account of their
respective Claims. Thereafter, annually for the duration of the
Plan repayment period, 50% of the total net profits of the
Affiliated Debtors will be distributed to the Affiliated Debtors'
Unsecured Creditors, pro rata, including this Debtor's Class E
Unsecured Creditors, on account of their respective claims. Any
such annual distribution will be made to the Class E Unsecured
Creditors no later than March 31 for the Debtor's prior fiscal
year; provided, however, that the Chapter 11 Trustee does not
warrant or guarantee that any such distribution will be made in a
given year. The remaining 50% of the total net profits will be
distributed to the equity holders.

The Chapter 11 Trustee believes that the total of all valid
Unsecured Claims as to this Debtor is approximately $103,994.50.
Based on the Debtor's projections as relied upon by the Chapter 11
Trustee, Class E Claims are projected to receive 100% recovery on
the Claims within the first five years of the Plan repayment
period.

The Debtor will continue its healthcare operations. Notwithstanding
any prior order, as of the Effective Date, the Chapter 11 Trustee
or Plan Administrator, as applicable, will have the right to
collect and use all revenues and other cash collateral derived from
the operation of the Assets. Further, the Chapter 11 Trustee or
Plan Administrator shall have the right to sell, merge, and/or
terminate the operations of the Debtor and/or any of the Debtor's
Affiliates, should the Chapter 11 Trustee or Plan Administrator, in
the sound exercise of their business judgment, see fit to do so.

Based on the Debtor's financial projections, the Chapter 11 Trustee
believes the Debtor should have sufficient cash flow to pay all
normal and customary operating expenses and be capable of funding
its plan of reorganization.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/kyeb15-51439-121.pdf

Aaron K. Jonan Memorial Clinic, Inc. filed for chapter 11
bankruptcy protection (Bankr. E.D. Ky. Case No. 15-51439) on July
21, 2015, and is represented by Jamie L. Harris, Esq. of Delcotto
Law Group PLLC.


ACHAOGEN INC: FMR LLC Reports 3.7% Stake as of July 9
-----------------------------------------------------
FMR LLC and Abigail P. Johnson disclosed in a Schedule 13G/A filed
with the Securities and Exchange Commission on July 9, 2018, that
they beneficially own 1,673,395 shares of common stock of Achaogen,
Inc., which represents 3.735 percent of the shares outstanding.

Members of the Johnson family, including Abigail P. Johnson, are
the predominant owners, directly or through trusts, of Series B
voting common shares of FMR LLC, representing 49% of the voting
power of FMR LLC.  The Johnson family group and all other Series B
shareholders have entered into a shareholders' voting agreement
under which all Series B voting common shares will be voted in
accordance with the majority vote of Series B voting common shares.
Accordingly, through their ownership of voting common shares and
the execution of the shareholders' voting agreement, members of the
Johnson family may be deemed, under the Investment Company Act of
1940, to form a controlling group with respect to FMR LLC.  A
full-text copy of the regulatory filing is available at:

                     https://is.gd/lm1Pxi

                     About Achaogen, Inc.

South San Francisco, California-based Achaogen, Inc. --
http://www.achaogen.com/-- is a clinical-stage biopharmaceutical
company committed to the discovery, development, and
commercialization of novel antibacterials to treat multi-drug
resistant gram-negative infections.  The Company is developing
plazomicin, its lead product candidate, for the treatment of
serious bacterial infections due to MDR Enterobacteriaceae,
including carbapenem-resistant Enterobacteriaceae.  In 2013, the
Centers for Disease Control and Prevention identified CRE as a
"nightmare bacteria" and an immediate public health threat that
requires "urgent and aggressive action."

Achaogen incurred a net loss of $125.6 million in 2017, a net loss
of $71.22 million in 2016 and a net loss of $27.09 million in 2015.
As of March 31, 2018, Achaogen had $183.10 million in total
assets, $70.01 million in total liabilities, $10 million in
contingently redeemable common stock and $103.09 million in total
stockholders' equity.


ADS TACTICAL: Moody's Rates $240MM Sec. Term Loan B Due 2023 'B3'
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to ADS Tactical,
Inc.'s proposed amended $240 million senior secured term loan B due
2023. Concurrently, Moody's affirmed ADS' B2 Corporate Family
Rating and B2-PD Probability of Default Rating. The B3 rating on
the company's previously proposed $330 million term loan has been
withdrawn following ADS' decision not to proceed with the new term
loan and instead amend its existing term loan. The ratings outlook
is stable.

The proposed transaction includes an amendment and maturity
extension of its existing term loan to 2023 and an amendment to the
company's indenture governing its notes extending the maturity date
on the notes to 2023. As part of the transaction, the company is
amending the financial maintenance and restricted payments
covenants in its term loan and revolver. The company also intends
to extend and upsize to $200 million from $150 million, its
asset-based revolving credit facility due 2020 (unrated).

The proposed transactions are not as favorable as the previously
announced refinancing because cash interest expense will remain
higher and debt maturities are being extended to 2023 instead of
2025. Free cash flow will thus be weaker. In addition, ADS will
remain subject to a financial maintenance covenant in its term loan
and secured notes whereas the proposed financing only contained a
springing maintenance covenant in the revolver that would have
provided greater covenant flexibility. Moody's nevertheless
affirmed the B2 CFR with a stable rating outlook because
debt-to-EBITDA leverage is minimally affected and is projected to
remain within the range expected for the rating category.

Moody's took the following rating actions on ADS Tactical, Inc.:

Ratings assigned:

Senior secured term loan B due 2023, as amended, at B3 (LGD4)

Ratings affirmed:

Corporate family rating, at B2

Probability of Default Rating, at B2-PD

Ratings withdrawn:

Proposed $330 million senior secured term loan B due 2025, was B3
(LGD4)

Outlook actions:

Outlook, Stable

RATINGS RATIONALE

ADS' B2 CFR reflects its high leverage, relatively low operating
margins and high degree of working capital variability
counterbalanced by the expectation that the company should be able
to sustain core earnings and revenue growth due to a healthy
backlog, benefits from sales force initiatives and favorable U.S.
defense market fundamentals driven by increasing federal budget
appropriations. The company's focus on generating positive free
cash flow also supports the rating. However, Moody's notes that in
the proposed transaction, the extent to which the company will use
the flexibility to issue non-discretionary dividends has increased
versus using excess cash to pay down debt.

Moody's expects debt/EBITDA (including Moody's standard
adjustments) to improve from approximately 4.7x (LTM 3/31/18 pro
forma for the proposed transactions) to the 4.5x range by the end
of 2018 primarily through EBITDA growth and term loan
amortization/note redemption payments. However, meaningful debt
repayment beyond required debt repayment is not anticipated given
the likelihood that the company will use excess cash to fund
discretionary dividends. The proposed amendments loosen the
restricted payments basket to accommodate such dividends.

In addition, working capital usage is typical and a drag on free
cash flow. Because a majority of product is drop-shipped, inventory
levels are modest for a distributor. However, accounts receivable
investment is meaningful because vendor payments sometimes occur
prior to receipts from customers. Working capital usage has
contributed to cumulative negative free cash flow over the last
five years, and is likely to limit free cash flow going forward.

ADS is a small business distributor for purposes of US government
purchases, and is thus dependent on federal government guidelines
requiring allocation of a portion of federal spending to small
businesses. Shifts in the level of the required small business
allocations, the definition of a small business distributor
(currently less than 500 employees), or questions about the
validity of the company's small business status could lead to rapid
and significant changes in the business.

The ratings reflect Moody's expectation that over the next
three-to-five years, while the mix might change, overall demand for
the products ADS distributes will remain relatively stable as they
have long term applications for many of its customers. In addition,
the company has strong relationships with multiple long-standing
vendors that provide ADS with a good market position. The company
does have business risk in its sales concentration with the
Department of Defense ("DoD") that leaves it exposed to changes in
defense spending levels and reliance on certain on-going defense
contracts. In addition, given the variability in order timing,
working capital swings can cause meaningful variations in cash
generated from operations.

Nevertheless, the company's well-entrenched relationships with DoD
agencies, recurring nature of its work and expansion of product
offerings help to partially mitigate these risks. Meaningful
acquisitions are unlikely because growth in the employee base would
cause ADS to lose its highly strategic small business distributor
status.

The company's adequate liquidity is characterized by sufficient
revolver availability to fund working capital fluctuations,
expectation of moderately positive free cash flow generation over
the next year and compliance with financial covenants. The company
is expected to remain in compliance with financial leverage and
interest coverage covenants under its term loan and notes. The ABL
contains a springing covenant that the company is also expected to
remain in compliance with.

The assigned B3 rating on the senior secured term loan is one notch
below the B2 CFR and reflects its second lien on the company's
assets securing the ABL. The term loan also has a first-lien on
other assets as well as effective priority over unsecured creditors
such as trade payables in the company's debt structure. The
existing notes (unrated) have the same collateral pledge as the
term loan.

The stable outlook is based on Moody's expectation that the company
will continue to experience top line and earnings growth such that
debt-to-EBITDA leverage declines to a mid-4x range and annual free
cash flow is positive over the next 12-to-18 months. Moody's also
assumes ADS will maintain adequate liquidity over the next 12
months.

An upgrade would be considered if the company achieves greater
revenue scale through consistent organic revenue and earnings
growth with debt-to-EBITDA leverage approaching and sustained below
3.5x. ADS would also need to generate free cash flow/debt in the
high single digits and would also need to sustain operating margins
of at least 10%.

Moody's could lower the ratings if the company does not
meaningfully improve free cash flow generation such that free cash
flow to debt fails to reach at least 1-2% and debt-to-EBITDA
leverage increases to above 5.5x. Issuance of dividends while the
company generates negative free cash flow would also lead to a
potential downgrade. A change in the company's ability to bid on
government procurement contracts as a small business distributor,
changes in the level of required government spending through small
businesses, or other revenue pressures, or a deterioration in
liquidity such as through increasing revolving usage could also
lead to a downgrade.

The principal methodology used in these ratings was Aerospace and
Defense Industry published in March 2018.

ADS Tactical Inc. ("ADS"), through its operating subsidiary
Atlantic Diving Supply Services, Inc. headquartered in Virginia
Beach, VA, is a provider of logistics and supply chain solutions
for the U.S. Department of Defense and other federal agencies.
Revenues during the last twelve months ended June 30, 2018 totaled
approximately $1.9 billion. ADS was founded in 1997 by its
chairman, Luke Hillier, also the majority owner of the company.


ALCOIL USA: Plan Outline Approved; Aug. 21 Plan Hearing
-------------------------------------------------------
Bankruptcy Judge Henry W. Van Eck approved Alcoil USA, LLC's
disclosure statement in support of its chapter 11 plan of
reorganization dated May 16, 2018.

August 6, 2018 is fixed as the last day for filing written
acceptances or rejections of the Plan and the last day for filing
and serving written objections to the confirmation of the Plan.

August 21, 2018 at  9:30 a.m., is fixed as the date for the hearing
on the confirmation of the Plan, such hearing to be in the United
States Bankruptcy Courtroom, Third Floor, Federal Building, Third
and Walnut Streets, Harrisburg, Pennsylvania.

The Troubled Company Reporter previously reported that unsecured
creditors will get 2% under the plan.

Payment of creditors will be from the sale of substantially all of
the Debtor's assets.

A full-text copy of the Plan is available at:

           http://bankrupt.com/misc/pamb17-03078-127.pdf  

                      About Alcoil USA LLC

Based in York, Pennsylvania, Alcoil USA, LLC --
http://www.alcoil.net/-- is a manufacturer of all-aluminum
micro-channel heat exchangers for the air conditioning,
refrigeration, ventilation, heating, and industrial process
industries.  It specializes in airside condensers, evaporators,
heating/cooling coils, oil coolers, and process applications.
Alcoil supports a wide range of OEM and replacement applications.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 17-03078) on July 26, 2017.  In the
petition signed by Steve Wand, its president, the Debtor estimated
assets of less than $1 million and liabilities of $1 million to $10
million.  Judge Henry W. Van Eck presides over the case.


AMERICAN TANK: Plan Outline Okayed, Plan Hearing on July 17
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Louisiana
will consider approval of the Chapter 11 plan for American Tank
Company, Inc. at a hearing on July 17.

The court will also consider at the hearing final approval of the
company's disclosure statement, which it conditionally approved on
July 5.

The order set a July 10 deadline for creditors to file their
objections and submit ballots of acceptance or rejection of the
plan.

                  About American Tank Company

American Tank Company, Inc., specializes in fabrication, design,
erection, disassembly, inspection and maintenance of API 12B and
AWWA D103 Bolted Tanks.  

American Tank, based in New Iberia, Louisiana, filed a Chapter 11
petition (Bankr. W.D. La. Case No. 17-51160) on Sept. 5, 2017.  In
the petition signed by Larry J. Romero, its president, the Debtor
disclosed $1.76 million in assets and $1.83 million in
liabilities.

Judge Robert Summerhays presides over the case.  

William C. Vidrine, Esq., at Vidrine & Vidrine, PLLC, serves as
bankruptcy counsel.  The Debtor hired Fran R. Henderson, as its
accountant.


API INC: Law Firm's Suit Remanded to District Court
---------------------------------------------------
In the appeals case captioned Faricy Law Firm, P.A.,
Appellant/Cross-Respondent, v. API, Inc. Asbestos Settlement Trust,
Respondent/Cross-Appellant, No. A16-1539 (Minn.), the Supreme Court
of Minnesota affirmed, as modified, the Court of Appeals' decision
to remand the case to the district court.

The case required the Court to clarify the proper method for
calculating the quantum meruit1 value of an attorney's services
when a client terminates the contingent-fee agreement before a
matter concludes. Respondent API, Inc. Asbestos Settlement Trust
(API Trust), retained appellant Faricy Law Firm, P.A.  under a
contingent-fee agreement to assist with asbestos litigation. Faricy
represented the predecessor to API Trust and then API Trust for
about 10 years and was involved in pursuing several claims. Two
months before settling a claim upon which Faricy had worked, API
Trust discharged Faricy.

Minnesota law prohibits a discharged contingent-fee lawyer from
receiving the contingent fee as a contract remedy, instead allowing
recovery only of the reasonable value of services under a theory of
quantum meruit. The district court concluded that Faricy had failed
to prove the value of the services that it had provided and
dismissed Faricy's attempt to recover a portion of API Trust's
settlement funds. The court of appeals reversed and remanded,
concluding that the district court had applied the wrong test for
determining quantum meruit. It provided a set of factors for the
district court to consider on remand. Faricy seeks review on the
issue of whether the contingent-fee agreement can be considered as
a factor when determining the reasonable value of services in
quantum meruit, and API Trust seeks cross-review regarding the
amount of evidence required to prove quantum meruit.

The Court agrees with the court of appeals that the appropriate
analysis here requires considering a set of factors, but the Court
sets forth for the first time what the appropriate factors are.

The Court concludes that district courts should use the following
factors to determine the quantum meruit value of a discharged
contingent-fee attorney's services:

(1) time and labor required;(2) nature and difficulty of the
responsibility assumed;(3) amount involved and the results
obtained;(4) fees customarily charged for similar legal
services;(5) experience, reputation, and ability of counsel;(6) fee
arrangement existing between counsel and the client;(7)
contributions of others; and(8) timing of the termination.

The Court has chosen these factors because they combine
considerations that the Court has previously applied to determine
the value of an attorney's services in other contexts with concerns
that are specific to the context of a discharged contingent-fee
attorney.

The Court also agrees with the court of appeals that a remand is
necessary so that the district court may consider the
contingent-fee agreement between Faricy and API Trust, in addition
to the other relevant factors that they have identified. The fee
agreement "is merely one factor, among a host of others that the
district court is to consider in awarding reasonable attorney
fees."

The Court's conclusion lies somewhere between the parties'
arguments. That district courts may consider the contingent-fee
agreement does not mean that Faricy is automatically entitled to
its full contingent fee, which would violate the rule that a
discharged contingent-fee attorney cannot recover the contingent
fee as a remedy for breach of contract. The contingent fee is
instead only one factor among many, so an award for quantum meruit
that considers the factors mentioned would not violate Lawler's
rule because it is not "based on" the contingent fee. On the other
hand, recognizing that a discharged contingent-fee attorney is
entitled to the reasonable value of the attorney's services does
not mean, as API Trust asserts, that evidence of the hours worked
is the only measure of the value of those services. The calculation
of a quantum meruit award is instead an equitable process by which
the court determines the reasonable value of services based on a
variety of factors, which, ultimately, produces an equitable
remedy.

Because the Court has adopted a multi-factor test that differs from
the methods that the district court employed, the Court concludes
that a remand is appropriate and the Court does not decide the
issue raised by API Trust. On remand, the district court must apply
the factors that they enunciate to balance the equities and to
determine the reasonable value of the services that were provided
by Faricy.  Whether to reopen the record on remand is a decision
within the district court's discretion.

A full-text copy of the Court's Opinion dated June 6, 2018 is
available at https://bit.ly/2KP0F6K from Leagle.com.

Vadim Trifel , John H. Faricy, Jr. , Faricy Law Firm, P.A.,
Minneapolis, Minnesota, for appellant/cross-respondent.

Justin P. Weinberg -- jweinberg@briggs.com -- Michael M. Sawers --
msawers@briggs.com --  Adam G. Chandler -- achandler@briggs.com --
Briggs and Morgan, P.A., Minneapolis, Minnesota, for
respondent/cross-appellant.

Headquartered in St. Paul, Minnesota, A.P.I. Inc., f/k/a A.P.I.
Construction Company -- http://www.apigroupinc.com/-- is a wholly
owned subsidiary of the API Group, Inc., and is an industrial
insulation contractor.  The Company filed for chapter 11 protection
on January 5, 2005 (Bankr. D. Minn. Case No. 05-30073).  James
Baillie, Esq., at Fredrikson & Byron P.A., represents the Debtor in
its restructuring.  When the Debtor filed for protection from its
creditors, it listed total assets of $34,702,179 and total debts of
$63,000,000.

The U.S. Bankruptcy Court for the District of Minnesota confirmed
A.P.I. Inc.'s Second Amended Plan of Reorganization on Dec. 6,
2005.  The Honorable Gregory F. Kishel determined that the Plan
meets the 13 standards for confirmation required under Section
1129(a) of the Bankruptcy Code.


ARABELLA PETROLEUM: Trustee, Committee File Chapter 11 Plan
-----------------------------------------------------------
Morris D. Weiss, the chapter 11 trustee for Arabella Petroleum
Company, LLC, and the Official Committee of Unsecured Creditors for
APC filed a joint disclosure statement in support of their chapter
11 plan of reorganization, dated June 22, 2018, for APC.

Class 4 general unsecured creditors will receive a prorata share of
interests in the Liquidating Trust, equivalent to the ratio that
their individual Allowed Claim bears to the total of Class 4
Allowed Claims.

All assets of the Estate remaining as of the Effective Date, other
than as necessary to pay any Allowed Secured Claims, Allowed
Priority Claims, allowed Administrative Claims, pre- Effective Date
U.S Trustee's fees and a reserve for wind down costs will be
transferred to the Liquidating Trust.

The Trustee will fund payments under the Plan with Cash on hand.
Any Distributions made by the Liquidating Trustee to beneficiaries
of the Liquidating Trust will consist only of Trust Assets in
accordance with the Trust Agreement.

A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/txwb15-70098-752.pdf

Attorneys for Official Committee of Unsecured Creditors:

     Kenneth Green, Esq.
     Blake Hamm, Esq.
     Carolyn Carollo, Esq.
     SNOW SPENCE GREEN LLP
     2929 Allen Parkway, Suite 2800
     Houston, TX 77019
     Telephone: (713) 335-4800
     Email: kgreen@snowspencelaw.com
            blakehamm@snowspencelaw.com
            carolyncarollo@snowspencelaw.com

            About Arabella Exploration

Arabella Exploration, LLC, formed on Oct. 2, 2009, is a
wholly-owned subsidiary of Arabella Exploration, Inc., a Cayman
Islands corporation.  It is an oil and gas exploration company that
owns working interests in a number of oil and gas properties and
interests.

Arabella Exploration filed a voluntary petition for relief under
chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
17-40120) on Jan. 8, 2017.  Charles (Chip) Hoebeke, manager, signed
the petition.

Judge Russell F. Nelms in Ft. Worth, Texas, is the case judge.

Raymond W. Battaglia, Esq., of the Law Offices of Ray Battaglia,
PLLC, serves as counsel to the Debtor.  Miller Johnson serves as
Battaglia's co-counsel.  Rehmann Turnaround and Receivership's
Charles Hoebeke is the Debtor's chief restructuring officer.

Arabella Exploration estimated $1 million to $50 million in assets
and liabilities.

No trustee, examiner or committee has been appointed in the case.

On April 4, 2017, Arabella Operating, LLC, filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 17-41479).  The case is being
jointly administered with that of Arabella Exploration.


ARECONT VISION: Asset Sale to Costar Technologies Approved
----------------------------------------------------------
Arecont Vision(R), the industry leader in IP-based megapixel camera
and video surveillance solutions, said the acquisition by Costar
Technologies, Inc. (OTC markets Group: CSTI) of its assets has been
approved by the bankruptcy court.  It is anticipated that the sale
will close on July 13, 2018.

Arecont Vision initiated proceedings under chapter 11 of the United
States Bankruptcy Code in the District of Delaware in May 2018 and
has achieved its goal of moving through this process quickly.

After the closing of the sale, upon emergence the assets formerly
operated by Arecont Vision will begin operating as Arecont Vision
Costar, LLC and be part of Costar, a US corporation that designs,
develops, manufactures, and distributes a full range of proven
products for the video surveillance and machine vision markets.

"Costar's family of companies, composed of CohuHD Costar, Costar
Video Systems, Innotech, and IVS Imaging, is a great strategic fit
for Arecont Vision providing synergies that can be leveraged to
grow our business in new market verticals and product areas. Costar
provides resources that will enable Arecont Vision to continue to
innovate and lead the market," said Raul Calderon, Chief Operating
Officer and General Manager, Arecont Vision. "I am proud of our
team, and we are grateful for the support, patience, and continued
commitment of our employees, suppliers and customers, as we look
forward to becoming a new Costar business."

The Company has been successfully operating under normal business
conditions throughout the bankruptcy process, did not experience
any layoffs, and continued the introduction of its new Contera IP
cameras, video management system, web services, and cloud managed
recorders. Under Costar's leadership, substantially all of
Arecont's employees will be hired by Costar, customer programs and
services will continue, and investments will be made into the
development of new, industry-leading products.

"The acquisition of the assets of Arecont Vision expands Costar
Technologies' video surveillance platform by strengthening our
product line," said James Pritchett, Costar President and Chief
Executive Officer. "It supports Costar's strategy to become a
leader in the video surveillance industry, transitioning from a
value-added OEM product company to a manufacturing based and design
company. Along with our other recent acquisitions, the Arecont
acquisition increases our manufacturing and design from
approximately 50% to 75% of our revenue."

Costar Technologies, Inc., develops, designs, manufactures and
distributes a range of security solution products including
surveillance cameras, lenses, digital video recorders and
high-speed domes. The Company also develops, designs and
distributes industrial vision products to observe repetitive
production and assembly lines, thereby increasing efficiency by
detecting faults in the production process. Headquartered in
Coppell, Texas, the Company's shares currently trade on the OTC
Markets Group under the ticker symbol "CSTI".

                  About Arecont Vision Holdings

Based in Glendale, California, Arecont Vision Holdings, LLC --
https://www.arecontvision.com/ -- is in the business of designing,
manufacturing, distributing and selling IP-based megapixel cameras
for use in video surveillance applications globally, serving a
broad range of industries including data centers, government,
retail, financial, sports stadiums and healthcare.  The company
offers seven megapixel product families ranging from MegaVideo,
single-sensor cameras from 1 to 10 megapixels and SurroundVideo
multi-sensor cameras from 8 to 40 megapixels at various price
points.

Arecont Vision Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case Nos. 18-11142 to 18-11144) on
May 14, 2018.  In the petitions signed by CRO Scott T. Avila, the
Debtors estimated assets of less than $50,000 and liabilities of
$50 million to $100 million.   

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as their legal
counsel; Imperial Capital LLC as investment banker; and Armory
Strategic Partners, LLC, as financial advisor.


ASPEN AIR: Commences Chapter 15 Proceedings in Montana
------------------------------------------------------
Aspen Air Corporation and Aspen Air U.S. Corp., filed a Chapter 15
petition in Montana to seek U.S. recognition of its bankruptcy
proceedings in Alberta, Canada.

On June 6, 2018, Aspen Air Corporation and Aspen Air U.S. Corp.
filed Notices of Intention to Make a Proposal pursuant to Section
50.4(1) of the Bankruptcy and Insolvency Act, RSC 1985, c-B-3.  On
June 26, 2018, the Court of Queen's Bench of Alberta granted an
Order approving the administration of the NOI proceedings for the
Aspen Companies on a consolidated basis.

The June 26 Order also approved the Aspen Companies entering into a
sale and investor solicitation process (the "SISP").

Pursuant to Section 69(1) of the BIA, all proceedings against the
Companies are now stayed and service to the Companies cannot be
discontinued.

The Aspen Companies operate two air separation plants in Billings,
Montana, for the production and distribution of industrial and
medical liquid air products.  In 2017, Aspen also commenced a
hauling and logistics business in Western Canada.  The hauling
business was discontinued in early 2018.

The Aspen Companies had a significant contract with Sanjel
Corporation.  Sanjiel contracted with Aspen to purchase 85% to 90%
of the Aspen Companies' gas.

Sanjiel commenced proceedings under the Companies' Creditors
Arrangement Act R.S.C. 1985 c. C-36 on April 4, 2016.  The Aspen
Companies' inability to collect on a significant account receivable
due from Sanjiel and the costs associated with the corresponding
collection efforts was a material contributor to the Aspen
Companies' current financial difficulties.

As of the Filing Date, Aspen listed creditors with claims totaling
CA$11.2 million, including a $6 million secured claim by primary
secured lender Alberta Treasury Branches (ATB).  The ATB loans are
secured by a general security agreement over all present and after
acquired property, a floating charge on all lands, a $10 million
mortgage on the Plan, a postponement and assignment of claims from
any subordinated debt provider, title insurance of $8.5 million and
a pledge agreement of the shares of Aspen Air U.S. Corp. (the "ATB
Security").

Since the Filing Date, the Aspen Companies have been in discussion
with CF Capital Corporation, who expressed a desire to purchase the
ATB Security and to support the Applicants in developing a BIA
Proposal.

The Aspen Companies were granted an initial 30-day stay of
proceedings pursuant to Sec. 69(1) of the BI.

At the June 26 hearing, the Aspen Companies sought and obtained the
following relief:

   1. A 45-day extension of the Initial Stay from July 6, 2018 to
Aug. 20, 2018;

   2. Approval to procedurally administer the NOI proceedings and
any subsequent proceedings undertaken under the BIA on a
consolidated basis;

   3. Approval for a charge in the amount of $150,000 as security
for the reasonable professional fees and disbursements of the
Trustee, the Trustee's legal counsel and the Aspen Companies U.S.
and Canadian legal counsel;

   4. Approval for a charge in the amount of $150,000 as security
to indemnify the Aspen Companies directors and officers against
obligations and liabilities that they may incur in those capacities
after the Filing Date;

   5. Approval of the Aspen Companies borrowing by way of a
revolving credit or otherwise, such monies from time to time as it
may consider necessary to fund its operations during the NOI
proceedings provided that the outstanding principal amount does not
exceed $250,000;

   6. Approval of a charge on the Property as security for the DIP
Loan together with interest and charges thereon, in priority to all
security interests, trusts, liens, charges and encumbrances,
statutory or otherwise subordinate only to the Administration
Charge;

   7. Approval of the Sale and Investor Solicitation Process (the
"SISP");

   8. Approval to designate selected suppliers as critical to
Aspen's ongoing operations and to pay critical suppliers up to
$250,000 due for the period prior to the Filing Date; and

   9. Authority for Aspen to seek recognition of the NOI proceeding
as a foreign under Chapter 15 of the U.S. Bankruptcy Code.

Aspen Air's Canadian counsel:

      Adam Maerov, Esq.
      Kourtney Rylands, Esq.
      McMILLAN LLP
      Suite 1700, 421 - 7 Avenue S.W.
      Calgary, AB T2P 4K9
      Tel: 403-531-4700
           403-215-2752
           403-355-3326
      Fax: 403-531-4720
      E-mail: adam.maerov@mcmillan.ca
      E-mail: kourtney.rylands@mcmillan.ca

The Trustee's Canadian counsel:

      Jeffrey Oliver, Esq.
      CASSELS BROCK & BLACKWELL LLP
      Suite 3810 Bankers Hall West
      888 3rd Street SW
      Calgary, AB T2P 5C5
      Tel: 404-351-2921
      Fax: 403-648-1151
      E-mail: joliver@casselsbrock.com

                         About Aspen Air

Aspen Air  Corporation -- http://aspenaircorp.com/-- is a
manufacturer and distributor of industrial gases.  The company
serves the medical, welding, food, oil and gas, refining, high
tech, chemical, paper and other industrial sectors.  Aspen Air
provides liquid and gaseous nitrogen, oxygen and argon as well as
storage and transportation solutions to suit large or small
customers.  Aspen Air is headquartered in Calgary, Alberta,
Canada.

On June 6, 2018, Aspen Air Corporation and Aspen Air U.S, Corp.
filed Notices of Intention to Make a Proposal pursuant to Section
50.4(1) of the Bankruptcy and Insolvency Act, RSC 1985, c-B-3.

Aspen Air Corporation and subsidiary Aspen Air U.S. Corp. filed a
Chapter 15 petition (Bankr. D. Mont. Case No. 18-60662) on July 9,
2018.  The petition was signed by Vanessa Allen of Deloitte
Restructuring Inc., the trustee under the NIA proposal of Aspen.  
James A. Patten, Esq., and Blake A. Robertson, Esq., at the law
firm of Patten, Peterman, Bekkedahl & Green, PLLC, in Billings,
Montana, is the U.S. counsel.


ASPEN AIR: Deloitte Proposes Patten Peterman as Chapter 15 Counsel
------------------------------------------------------------------
Deloitte Restructuring Inc., in its role as the foreign
representative in the Chapter 15 case, and the trustee appointed in
the Alberta proceedings, is asking the U.S. Bankruptcy Court for
the District of Montana for approval to employ James A. Patten,
Blake A. Robertson, and the law firm of Patten, Peterman, Bekkedahl
& Green, PLLC, as its Chapter 15 legal counsel.

Deloitte Restructuring selected the firm and its professionals as
they are experienced and knowledgeable of the Debtors' business
affairs, of Chapter 15 cases, and of bankruptcy in general.

James A. Patten, Blake A. Robertson, and the Patten Peterman firm
will render services including general counseling and local
representation before the Bankruptcy Court in connection with this
case.

Patten Peterman agrees to render services to Deloitte Restructuring
at these rates:

   a. Services rendered by the attorneys James A. Patten will be
compensated at the rate of $330.00 per hour.  Services rendered by
Blake A. Robertson and other attorneys will be billed at their
customary hourly rates which range from $175.00 to $330.00 per
hour.

   b. Services rendered by paralegal Diane S. Kephart will be
compensated at the rate of $160.00 per hour.  Services rendered by
paralegals, April J. Boucher and Phyllis Dahl will be compensated
at the rate of $125.00 per hour.  Services rendered by paralegals,
Leanne Beatty and Tiffany Bell will be compensated at the rate of
$110.00 per hour.

   c. Telephone, photocopying, fax, and postage at cost; travel at
the rate allowed by the IRS per mile; out-of-pocket expenses at
cost. The Applicants have no fee sharing agreement.

The firm is holding $4,630.50 in trust on behalf of the Debtors.

Patten Peterman represents no interest adverse to Deloitte
Restructuring as Trustee and Foreign Representative of the Aspen
Companies or the estate in the matters upon which they are to be
engaged, and their employment would be in the best interest of this
estate.

To the best of Deloitte's knowledge, Patten Peterman has no
connection with the creditors, or any other party in interest, or
their respective attorneys and accountants, the United States
Trustee, or any person employed in the office of the United States
Trustee, and are "disinterested person(s)" as defined in 11 U.S.C.
101(14).

                         About Aspen Air

Aspen Air  Corporation -- http://www.aspenaircorp.com/-- is a
manufacturer and distributor of industrial gases.  The company
serves the medical, welding, food, oil and gas, refining, high
tech, chemical, paper and other industrial sectors.  Aspen Air
provides liquid and gaseous nitrogen, oxygen and argon as well as
storage and transportation solutions to suit large or small
customers.  Aspen Air is headquartered in Calgary, Alberta,
Canada.

On June 6,2018, Aspen Air Corporation and Aspen Air U.S, Corp.
filed Notices of Intention to Make a Proposal (the "NOI(s)")
pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act,
RSC 1985, c-B-3.  

Aspen Air Corporation and subsidiary Aspen Air U.S. Corp. filed a
Chapter 15 petition (Bankr. D. Mont. Case No. 18-60662) on July 9,
2018.  The petition was signed by Vanessa Allen of Deloitte
Restructuring Inc., the trustee under the NIA proposal of Aspen.
Patten, Peterman, Bekkedahl & Green, PLLC, in Billings, Montana is
the U.S. counsel.


ASPEN AIR: Has C$250,000 Financing From C.F. Capital
----------------------------------------------------
Aspen Air Corporation and Aspen Air U.S. Corp. have arranged with
DIP lender C.F. Capital Corporation a single draw term facility of
C$250,000, which financing is expected to provided additional
liquidity to allow the Aspen Companies to maximize the value of
their assets and support the sale and investor solicitation process
(the "SISP").

The salient terms of the DIP Financing are:

   * Borrowers: Aspen Air Corp. and Aspen Air U.S. Corp.

   * DIP Lender: C.F. Capital Corp. or any of its affiliates.

   * DIP Facility: A single draw term facility in an amount not
exceeding the principal amount of C$250,000.

   * Interest Rate: Advances under the DIP Facility will bear
interest at 10% per annum.

   * Commitment Fee:  The borrowers will pay the DIP lender a
commitment fee equal to 2% of the maximum amount.

   * Exit Fee.  When the DIP facility is repaid in full or in part,
the DIP Lender will be entitled to a 2% fee on the principal amount
of the DIP Facility so repaid.

   * DIP Lender's Charge.  The DIP Lender will be granted a charge
over all of the Borrowers' assets, rights, undertakings and
properties security all obligations owing by the Borrowers to the
DIP Lender.

   * Expenses: The Borrowers jointly and severally agree to
reimburse and indemnify the DIP Lender in respect of all its
reasonable costs and expenses in connection with the Term Sheet and
the Credit Documentation.

                         About Aspen Air

Aspen Air  Corporation -- http://aspenaircorp.com/-- is a
manufacturer and distributor of industrial gases.  The company
serves the medical, welding, food, oil and gas, refining, high
tech, chemical, paper and other industrial sectors.  Aspen Air
provides liquid and gaseous nitrogen, oxygen and argon as well as
storage and transportation solutions to suit large or small
customers.  Aspen Air is headquartered in Calgary, Alberta,
Canada.

On June 6, 2018, Aspen Air Corporation and Aspen Air U.S, Corp.
filed Notices of Intention to Make a Proposal pursuant to Section
50.4(1) of the Bankruptcy and Insolvency Act, RSC 1985, c-B-3.

Aspen Air Corporation and subsidiary Aspen Air U.S. Corp. filed a
Chapter 15 petition (Bankr. D. Mont. Case No. 18-60662) on July 9,
2018.  The petition was signed by Vanessa Allen of Deloitte
Restructuring Inc., the trustee under the NIA proposal of Aspen.  
James A. Patten, Esq., and Blake A. Robertson, Esq., at the law
firm of Patten, Peterman, Bekkedahl & Green, PLLC, in Billings,
Montana, is the U.S. counsel.


ASPEN AIR: U.S. Recognition Hearing Moved to Aug. 1
---------------------------------------------------
Judge Benjamin P. Hursh of the U.S. Bankruptcy Court for the
District of Montana has reset to Aug. 1, 2018, at 8:30 a.m. the
hearing to consider the petition for recognition of a main
proceeding involving Aspen Air Corp. and Aspen Air. U.S. Corp.

The U.S. Court originally scheduled the hearing for Aug. 30, 2018.

However, Deloitte Restructuring Inc., in its role as the foreign
representative in the U.S. case, and the trustee appointed in the
Alberta proceedings, asked the Court to reset the hearing.

James A. Patten, Esq., at the law firm of Patten, Peterman,
Bekkedahl & Green, PLLC, counsel to the Foreign Representative,
explained, "The August 30, 2018 hearing date impairs the Foreign
Representative's ability to obtain financing and complete the
investor solicitation process required under provisions of Canadian
law.  Specifically, the Court of Queen's Bench of Alberta in
Bankruptcy and Insolvency has approved, among other things, an
"Administrative Charge," "DIP Financing," and the "Sale and
Investor Solicitation Process."

The DIP lender, CF Capital Corporation, requires recognition of the
foreign proceeding in the instant proceeding before it will
commence advances under the DIP loan.  Delaying the recognition
until August 30 will delay the Aspen Companies of necessary
operating funds.  Moreover, the Foreign Representative, who is also
acting as the Proposal Trustee, believes it prudent and efficient
to have the certainty of this Court's recognition of the foreign
proceeding before seeking investment involving the Aspen Air U.S.
Corp.'s U.S. assets.  Finally, while not as critical as the
required assurance for the DIP loan or commencing the solicitation
process for the U.S. based assets, the certainty of the
administrative charge will facilitate the proper and efficient
administration of the proceedings before the Court of Queen's
Bench.  Any delay beyond the required 21 day notice may be
prejudicial to the Foreign Representative and to the Aspen
Companies."

                         About Aspen Air

Aspen Air Corporation -- http://aspenaircorp.com/-- is a
manufacturer and distributor of industrial gases.  The company
serves the medical, welding, food, oil and gas, refining, high
tech, chemical, paper and other industrial sectors.  Aspen Air
provides liquid and gaseous nitrogen, oxygen and argon as well as
storage and transportation solutions to suit large or small
customers.  Aspen Air is headquartered in Calgary, Alberta,
Canada.

On June 6, 2018, Aspen Air Corporation and Aspen Air U.S, Corp.
filed Notices of Intention to Make a Proposal pursuant to Section
50.4(1) of the Bankruptcy and Insolvency Act, RSC 1985, c-B-3.

Aspen Air Corporation and subsidiary Aspen Air U.S. Corp. filed a
Chapter 15 petition (Bankr. D. Mont. Case No. 18-60662) on July 9,
2018.  The petition was signed by Vanessa Allen of Deloitte
Restructuring Inc., the trustee under the NIA proposal of Aspen.  
James A. Patten, Esq., and Blake A. Robertson, Esq., at the law
firm of Patten, Peterman, Bekkedahl & Green, PLLC, in Billings,
Montana, is the U.S. counsel.


ASTHMA AND ALLERGY: Full Payment for Unsecureds Under Trustee Plan
------------------------------------------------------------------
Adam M. Back, solely in his capacity as Chapter 11 Trustee for
debtor Asthma and Allergy Center, LLC, filed a first amended small
business chapter 11 plan with disclosures for the debtor.

AAC is an outpatient clinic for adults and children with its
headquarters located in Pikeville, Pike County, Kentucky, and
satellite offices in Hazard, Stanton, Salyersville and Whitesburg,
Kentucky.

The Debtor's Assets as of the Petition Date totaled $372,231.80
including the following: (a) checking accounts valued at
$12,231.80; (b) accounts receivables valued at $360,000. ($160,000
estimated as not collectible); and (c) website at an unknown
value.

As soon as practicable after the Effective Date, the Chapter 11
Trustee or the Plan Administrator will make a mandatory
distribution, collectively, to the Unsecured Creditors of all
Affiliated Debtors in the total sum of $10,000 cash, including this
Debtor's Class E Unsecured Creditors, on account of their
respective Claims. Thereafter, annually for the duration of the
Plan repayment period, 50% of the total net profits of the
Affiliated Debtors will be distributed to the Affiliated Debtors'
Unsecured Creditors, pro rata, including this Debtor's Class E
Unsecured Creditors, on account of their respective claims. Any
such annual distribution will be made to the Class E Unsecured
Creditors no later than March 31 for the Debtor's prior fiscal
year; provided, however, that the Chapter 11 Trustee does not
warrant or guarantee that any such distribution will be made in a
given year. The remaining 50% of the total net profits will be
distributed to the equity holders.

The Chapter 11 Trustee believes that the total of all valid
Unsecured Claims as to this Debtor is approximately $629,210.36.
Based on the Debtor's projections as relied upon by the Chapter 11
Trustee, Class E Claims are projected to receive 100% recovery on
the Claims within the first five years of the Plan repayment
period.

The Debtor will continue its healthcare operations. Notwithstanding
any prior order, as of the Effective Date, the Chapter 11 Trustee
or Plan Administrator, as applicable, will have the right to
collect and use all revenues and other cash collateral derived from
the operation of the Assets. Further, the Chapter 11 Trustee or
Plan Administrator shall have the right to sell, merge, and/or
terminate the operations of the Debtor and/or any of the Debtor's
Affiliates, should the Chapter 11 Trustee or Plan Administrator, in
the sound exercise of their business judgment, see fit to do so.

Based on the Debtor's financial projections, the Chapter 11 Trustee
believes the Debtor should have sufficient cash flow to pay all
normal and customary operating expenses and be capable of funding
its plan of reorganization.

A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/kyeb15-70469-127.pdf

Asthma and Allergy Center, LLC filed for chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Case No. 15-70469) on July 21, 2015,
and is represented by Jamie L. Harris, Esq. of Delcotto Law Group
PLLC.


B. L. GUSTAFSON: Court Dismisses Chapter 11 Bankruptcy Case
-----------------------------------------------------------
Bankruptcy Judge Thomas P. Agresti entered an order dismissing B.L.
Gustafson, LLC d/b/a Gus's Guns, Priority Care Ambulance, B.L.
Gustafson Excavation, Brynwood Farm, and Brian Gustafson Rentals'
chapter 11 case with a two-year bar to refilling for failure to
comply with the Court's orders.

The Debtor's small business plan of reorganization and disclosure
statement dated May 14, 2018 are denied as moot in light of the
dismissal.

The Stipulation and Agreement between the Debtor and the
Pennsylvania Department of Revenue are also denied as moot.

                 About B.L. Gustafson, LLC

B.L. Gustafson, LLC filed a Chapter 11 petition (Bankr. W.D. Penn.
Case No. 15-11361) on December 28, 2015.  The petition was signed
by its Manager, Brian L. Gustafson.  The case is assigned to Judge
Thomas P. Agresti.  The Debtor's counsel is Guy C. Fustine, Esq.,
at Knox McLaughlin Gornall & Sennett, P.C., 120 West Tenth Street,
Erie, PA.  At the time of filing, the Debtor had $100,000 to
$500,000 in estimated assets and $500,000 to $1 million in
estimated liabilities.


BALL METALPACK: Moody's Gives First Time B2 CFR, Outlook Stable
---------------------------------------------------------------
Moody's Investors Service assigned first time ratings to Ball
Metalpack, including a B2 corporate family rating and a B2-PD
probability of default rating. Instrument ratings are detailed
here. The rating outlook is stable. Ball Corporation announced that
it will sell its U.S. steel food and steel aerosol business and
form a joint venture, Ball Metalpack, with Platinum Equity. The
newly formed packaging company manufactures tinplate steel
containers and other steel tinplate components used in packaging
for aerosol products, food, household consumables, and nutritional
and other products in the United States. Platinum Equity will own
51 percent of Ball Metalpack and Ball Corporation will own 49
percent. The proceeds from the new facilities will be used to fund
the transaction and pay fees and expenses. The transaction is
expected to be completed in the second half of 2018 and will be
subject to certain regulatory approvals and customary closing
conditions.

Assignments:

Issuer: Ball Metalpack

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

Senior Secured 2nd Lien Term Loan, Assigned B3 (LGD5)

Senior Secured 1st Lien Term Loan, Assigned B1 (LGD3)

Outlook Actions:

Issuer: Ball Metalpack

Outlook, Assigned Stable

The ratings are subject to the deal closing as proposed and the
receipt and review of the final documentation.

RATINGS RATIONALE

The assignment of the B2 Corporate Family Rating and stable outlook
reflect the company's high exposure to relatively stable end
markets, the value inherent in the location of its plants (high
cost to ship product) and the relatively consolidated industry.
Additionally, Ball Metalpack is expected to benefit from new
business, new products and various initiatives over the near term.
The company is also expected to benefit from the continued use of
the "Ball" name including the value inherent in the brand and the
agreement to partner with Ball Corp. to purchase coatings and inks
(other direct materials excluding steel). While leverage is
expected to remain high for the rating category over the next 12 to
18 months, it is expected to decline measurably from the pro forma
level of over 7.0 times. Free cash flow is also expected to be
modest due to spending for various initiatives over the period, but
is expected to be used for debt reduction.

Ball Metalpack's credit profile is constrained by its concentration
of sales, lack of growth or decline in the company's primary end
markets, and a primarily commoditized product line. While the
industry is relatively consolidated, Ardagh's recent entrance added
new capacity and the shifting of some contracts demonstrate that it
is still competitive. Additionally, contractual cost pass throughs
in the segment are not as strong as in other segments in metal
packaging. The company has a high concentration of sales by both
customers and product line. Additionally, the primary end markets
have grown little over the years or declined slightly (food cans).


Ball Metalpack's credit profile benefits from the location of its
plants (high cost to ship products), multi-year contracts with
well-known customers and high exposure to consumer staples end
markets. Additionally, the company also has long-standing
relationships with its customers and, in some cases, is the sole
supplier. Ball Metalpack also continues to dedicate resources to
develop new products and value-added improvements to existing
products and targets end markets where there is less risk of
substitution away from metal packaging. The company is also
expected to benefit from the continued use of the "Ball" name
including the value inherent in the brand and the agreement to
partner with Ball Corp. to purchase coatings and inks (other direct
materials excluding steel). Compared to most of the packaging
industry, the segment is relatively consolidated albeit still
competitive.

Ball Metalpack's adequate liquidity is characterized by expected
modest free cash flow and adequate availability on the revolving
credit facility. The proposed $125 million asset based revolver
(not rated by Moody's) expires July 2023 and is subject to
borrowing base limitations. Ball Metalpack typically builds working
capital in the first half and releases it at the end of calendar
year. The term loan amortization is approximately $4 million a
year. Financial covenants under the revolver include a springing
fixed charge covenant of 1.0 time if availability is less than the
greater of 10% of the lesser of the commitment or the borrowing
base or $7 million. The company is expected to remain in compliance
with the covenant over the next 12 months. All assets are
encumbered by the secured credit facilities. The next debt maturity
is the revolver in August 2023.

The stable outlook reflects an expectation that the company
achieves the projected improvements in operating results resulting
from new business, new products and initiatives.

An upgrade in ratings would require a sustainable improvement in
credit metrics and the maintenance of good liquidity within the
context of a stable operating and competitive environment.
Specifically, the rating could be upgraded if:

  - Adjusted total debt-to-EBITDA improved to less than 4.75 times


  - Funds from operations-to-debt improved to over 12.0%

  - EBITDA-to-interest expense improved to over 3.75 times

The ratings or outlook could be downgraded if the company fails to
achieve the projected improvements in credit metrics or there is a
deterioration in the operating and competitive environment or
liquidity. Specifically, the ratings could be downgraded if:

  - Adjusted total debt-to-EBITDA remains above 5.5 times

  - Funds from operations-to-debt is below 8.0%

  - EBITDA-to-interest expense is below 2.5 times

The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass, and Plastic Containers published in
May 2018.

Broomfield, Colorado-based Ball Metalpack is a manufacturer of
tinplate aerosol and food can products. The food can business
generates approximately 59% of revenue and the aerosol can business
41%. Revenue for the twelve month ended March 31, 2018 totaled
approximately $7734 million. Ball Metalpack is owned by Platinum
Equity and does not publicly disclose information.


BCR EQUIPMENT: July 25 Plan Confirmation Hearing
------------------------------------------------
Bankruptcy Judge Mark X. Mullin issued an order approving BCR
Equipment Rental, LLC's small business disclosure statement to
accompany its plan of reorganization dated June 25, 2018.

July 19, 2018 by 5:00 p.m., (Central Daylight Savings Time) is
fixed as the last day and time for filing and serving written
acceptances or rejections of the Plan.

July 20, 2018 by 5:00 p.m. (Central Daylight Savings Time) is fixed
as the last day for filing and serving written objections to
confirmation of the Plan.

July 25, 2018 at 9:30 a.m. is fixed for the hearing on Confirmation
of the Plan before the Honorable Mark X. Mullin, United States
Bankruptcy Judge, U.S. Courthouse 501 W. Tenth Street, Room 128,
Fort Worth, Texas.

              About BCR Equipment Rental

Based in Fort Worth, Texas, BCR Equipment Rental LLC filed a
Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-44202) on Oct.
14, 2017.  The Debtor estimated both assets and liabilities to be
less than $1 million.  Craig Douglas Davis at Davis, Ermis &
Roberts, P.C., is the Debtor's counsel.


BIOSTAGE INC: CSO Fodor Will Receive a $305,000 Annual Base Salary
------------------------------------------------------------------
William Fodor, PhD, the chief scientific officer of Biostage, Inc.,
became an employee of the Company on July 2, 2018.  The employment
commenced in accordance with an offer letter executed as of June 4,
2018.  Prior to being employed by the Company, Dr. Fodor was
serving as the chief scientific officer via a consulting
arrangement with the Company.

Dr. Fodor is an at-will employee and the Agreement provides for an
annual base salary in the amount of $305,000.  Dr. Fodor will be
eligible to participate in all of the Company's employee benefit
plans, including without limitation, its 2013 Equity Incentive
Plan, retirement plans, stock purchase plans and medical insurance
plans.  In connection with the execution of the Agreement, while
then a consultant of the Company, on May 29, 2018, Dr. Fodor
received options to buy 209,286 shares of common stock of the
Company.  Half of the award, or 104,643 shares, vests in four equal
installments on Dec. 31, 2018, 2019, 2020 and 2021 and the
remaining half vests based on the achievement of performance
milestones determined by the Board of Directors of the Company.

                       About Biostage

Headquartered in Holliston, Massachusetts, Biostage, Inc., formerly
Harvard Apparatus Regenerative Technology, Inc. ?
http://www.biostage.com/? is a biotechnology company developing
bio-engineered organ implants based on the Company's new Cellframe
technology which combines a proprietary biocompatible scaffold with
a patient's own stem cells to create Cellspan organ implants.
Cellspan implants are being developed to treat life-threatening
conditions of the esophagus, bronchus or trachea with the hope of
dramatically improving the treatment paradigm for patients.  Based
on its pre-clinical data, Biostage has selected life-threatening
conditions of the esophagus as the initial clinical application of
its technology.

Biostage incurred a net loss of $11.91 million in 2017 and a net
loss of $11.57 million in 2016.  As of March 31, 2018, Biostage had
$3.85 million in total assets, $809,000 in total liabilities and
$3.04 million in total stockholders? equity.

The report from the Company's independent accounting firm KPMG LLP,
in Cambridge, Massachusetts, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and will require additional
financing to fund future operations which raise substantial doubt
about its ability to continue as a going concern.


BIOSTAGE INC: Hires RSM US as Auditors
--------------------------------------
Biostage, Inc.'s Audit Committee has engaged RSM US LLP to serve as
the Company's independent registered public accounting firm
contingent upon completion of RSM's client acceptance procedures.

On April 4, 2018, KPMG LLP notified Biostage that it declined to
stand for re-election as the independent registered public
accounting firm for the Company.

During the Company's two most recent fiscal years, which ended Dec.
31, 2017 and Dec. 31, 2016, and the subsequent interim period
through July 10, 2018, neither the Company nor any person on its
behalf consulted with RSM with respect to either (i) the
application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that
might be rendered on the Company's financial statements, and
neither a written report was provided to the Company nor oral
advice was provided that RSM concluded was an important factor
considered by the Company in reaching a decision as to the
accounting, auditing or financial reporting issue; or (ii) any
matter that was either the subject of a "disagreement" or a
"reportable event" as those terms are described in Items
304(a)(1)(iv) or 304(a)(1)(v), respectively, of Regulation S-K
promulgated under the Exchange Act.

                        About Biostage

Headquartered in Holliston, Massachusetts, Biostage, Inc., formerly
Harvard Apparatus Regenerative Technology, Inc. ?
http://www.biostage.com/? is a biotechnology company developing
bio-engineered organ implants based on the Company's new Cellframe
technology which combines a proprietary biocompatible scaffold with
a patient's own stem cells to create Cellspan organ implants.
Cellspan implants are being developed to treat life-threatening
conditions of the esophagus, bronchus or trachea with the hope of
dramatically improving the treatment paradigm for patients.  Based
on its pre-clinical data, Biostage has selected life-threatening
conditions of the esophagus as the initial clinical application of
its technology.

Biostage incurred a net loss of $11.91 million in 2017 and a net
loss of $11.57 million in 2016.  As of March 31, 2018, Biostage had
$3.85 million in total assets, $809,000 in total liabilities and
$3.04 million in total stockholders? equity.

The report from the Company's independent accounting firm KPMG LLP,
in Cambridge, Massachusetts, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and will require additional
financing to fund future operations which raise substantial doubt
about its ability to continue as a going concern.


BOURBON OFFSHORE: Reaches Deal with Lenders on Debt Moratorium
--------------------------------------------------------------
BOURBON Offshore signed on July 10, 2018, a general waiver with its
leasers and debt holders representing the majority of its debt,
thus allowing the group to withhold the payments of its loans and
the servicing of its debt. Aimed at protecting the group, this
waiver allows it to stay focused on its operational priorities and
on the implementation of its #BOURBONINMOTION strategic plan.

The company said it remains confident in its ability to find before
year end a balanced solution with all its lenders -- often
long-standing partners -- that suits all parties and allows the
company to adapt its financing to its future development.

Bourbon did not disclose the total value of the agreement.
According to a report by The Maritime Executive, as of the end of
2017, Bourbon had total borrowings and financial liabilities of
about $1.9 billion.

MarEx reports that Bourbon warned investors in February that OSV
market conditions remain dire, years after the offshore drilling
downturn began.  Despite the elimination of its newbuilding program
and a 30% reduction in operating expenses, the firm posted a net
loss in the range of $680 million for 2017.

MarEx also relates Bourbon intends to dispose of more than 40 older
OSVs and invest in new high-tech systems for about 130 newer,
"smarter" vessels.  Through automation upgrades and condition-based
maintenance programs, Bourbon hopes to eliminate four crew
positions from every "smart" OSV, creating further opex savings.

Based in Marseille, France, BOURBON operates in 45 countries, with
a modern and standardized fleet of more than 508 vessels and 29
operating affiliates. The group is a leading service provider in
the offshore oil and gas industry.  Classified by ICB (Industry
Classification Benchmark) in the "Oil Services" sector, BOURBON is
listed for trading on Euronext Paris, Compartment B.


BRAVE PARENT: Moody's Affirms B3 CFR, Outlook Stable
----------------------------------------------------
Moody's Investors Service affirmed Brave Parent Holdings, Inc.'s B3
Corporate Family Rating (CFR) and B3-PD Probability of Default
Rating following the company's announcement to borrow an
incremental $105 million under its senior secured first-lien term
loan, as well as an incremental $43 million (unrated) second-lien
term loan. Proceeds from the offering, along with cash equity by
funds affiliated with Francisco Partners will be used to finance
the acquisition of Avecto Limited, a provider of privileged
escalation and delegation management (PEDM) software solutions.
Concurrently, Moody's affirmed the B2 ratings on the company's
senior secured first-lien term loan and senior secured first-lien
revolving credit facility. The ratings outlook is stable.

"The transaction comes with an added measure of financial risk for
an already highly levered entity, but strong operating performance
-- and prospective cash generating capability, in particular --
coupled with solid growth prospects serve to sufficiently mitigate
this risk and render the revised capital structure eminently
supportable," noted Stephen Morrison, Moody's lead analyst for
Bomgar.

Outlook Actions:

Issuer: Brave Parent Holdings, Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Brave Parent Holdings, Inc.

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

Senior Secured Bank Credit Facility, Affirmed B2 (LGD3)

RATINGS RATIONALE

The B3 CFR broadly reflects Bomgar's very high leverage, limited
historical financial data and small scale. These risks are offset
to some degree by the expectation of strong free cash flow
generation, and organic revenue and EBITDA growth in the
high-single digit to low-double digit percent range over the next
12-18 months. Revenue growth will be supplemented by the
acquisition of Avecto, but organic revenue and EBITDA growth are
expected to be driven by continued adoption of secure remote
support and privileged access management applications in enterprise
IT organizations. Along with privileged escalation and delegation
management, these solutions are increasingly recognized as integral
components of an organization's overall IT security and risk
management strategy. The acquisition is expected to modestly delay
deleveraging and introduce additional risks related to integration
and targeted cost reduction. However, the inclusion of Avecto's
PEDM products will enhance Bomgar's product portfolio and
competitive positioning. Debt-to-EBITDA, pro forma for the
acquisition and predominantly debt financing of the same, is
estimated at well over 10x on a GAAP basis (but a more manageable
7.5x when adjusted for the change in deferred revenue, certain
one-time costs, and anticipated synergies) as of the LTM period
ended March 31, 2018. Recurring revenues -- defined as maintenance
contract and subscription contract derived revenues -- currently
represent approximately 60% of total revenue, but will increase in
share as the company continues to grow organically. Bomgar, though
small in scale, is a leading player in sub-segments of the remote
access and identity and access management markets, where the
company competes against more established providers. Bomgar has
seen strong traction in the market, nonetheless, with organic
revenue growth rates in excess of 10% and net revenue retention
rates in excess of 100%. Bomgar is private equity owned and is
expected to be acquisitive, and over time, further debt funded
acquisition and/or dividend activity could result in persistently
high leverage levels.

The stable ratings outlook is based on Moody's expectation that,
over the next 12-18 months, Bomgar will be on track to reduce
adjusted debt-to-EBITDA to less than 7.5x (and GAAP based
debt-to-EBITDA to less than 10x), and will maintain organic revenue
growth in at least the mid- to high-single digit percent range.

Absent any further debt-financed acquisition and/or dividend
activity, ratings could be upgraded if the company continues to
grow profitably, enhances its scale as measured by revenue, and
sustains debt-to-EBITDA below 6x while maintaining healthy positive
free cash flows. Ratings could be downgraded if revenues decline as
a result of competitive and/or other pricing pressure, such that
debt-to-EBITDA is sustained above 8x or interest coverage or
liquidity materially weakens.

Moody's expects Bomgar to maintain a good liquidity profile over
the next 12 months, supported by positive free cash flow, an
expected $8 million cash balance at the close of the transaction,
and access to a $25 million undrawn committed revolving credit
facility. The revolving credit facility contains a springing
first-lien net leverage covenant (based on bank consolidated
EBITDA) that is currently set at 8.0x and is tested quarterly when
the facility is drawn 30% or more.

The principal methodology used in these ratings was Software
Industry published in December 2015.

Bomgar Corporation, the operating subsidiary of debt issuing parent
Brave Parent Holdings, Inc., is a provider of Privileged Access
Management and Remote Support software solutions and services to
enterprise clients. Bomgar provides software solutions via cloud,
virtual appliance, and physical appliance platforms. The company is
private and is owned by funds affiliated with Francisco Partners
and management. Pro forma for the Lieberman and Avecto
acquisitions, Bomgar generated billings of approximately $155
million in the year ended December 31, 2017.


BRAVE PARENT: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Atlanta, Georgia-based Brave Parent Holdings Inc. The outlook is
stable.

S&P said, "In addition, we assigned our 'B-' issue-level and '3'
recovery ratings to the $105 million first-lien incremental term
loan. The '3' recovery rating indicates our expectations for
meaningful (50%-70%; rounded estimate: 65%) recovery in the event
of payment default.

"The affirmation primarily reflects our expectation for robust
growth within both Brave Parent's core remote support business and
the acquired security software markets, supported by strong YTD
performance, which will continue to drive upfront billings
collection growth and associated strong cash flow relative to the
company's scale and leverage at close around 12x adjusted pro forma
debt to EBITDA. Over the longer term, we believe the acquisition
provides Brave Parent with a more complete suite of products and
features for privileged access management (PAM) customers,
incorporating Avecto's Defendpoint solution for managing endpoint
privileges. The combination positions the company more favorably to
compete against pure-play PAM security software competitors and a
broadened distribution base for potential cross selling
opportunities.

"The stable outlook on Brave Parent reflects our expectation that
the company will be able to support its increased debt burden to
acquire Avecto Ltd.through continued strong billings growth and
upfront cash collection. We expect the company to reduce adjusted
leverage over the next 12 months to around 10x through a
combination of operating leverage, planned cost reductions,
integrating Avecto, and modest required amortization payments on
the first-lien term loans.

"We could lower the rating on Brave Parent if challenges arise
because of full scale enterprise security software competitors
entering the PAM market, unforeseen disruption or displacement due
to consolidation, or if additional debt-funded transactions lead to
expected negative free cash flow. We would also consider a
downgrade if combined liquidity, including cash and revolving
credit facilities, falls below $10 million.

"While unlikely in the near term, we could raise the rating if the
company reduces and maintains leverage stemming from its
significant debt burden below 7.0x, through a combination of
increased scale in recurring revenue platforms and profitability,
lower debt to improve levered free cash flow, and maintenance of
more moderate financial policies."


BRINKER INT'L: Fitch Lowers IDR to BB & Then Withdraws All Ratings
------------------------------------------------------------------
Fitch Ratings has downgraded and withdrawn all its ratings for
Brinker International, Inc., including its Long-Term Issuer Default
Rating at 'BB'.

The ratings downgrade to 'BB' from 'BB+' reflects the expectations
for sustained leverage (total adjusted debt/EBITDAR) in the low 4x
range driven by aggressive shareholder returns during a period
where comps have been persistently negative for an extended period
and has resulted in LTM EBITDA declining to $434 million, an
approximate 14% decrease from two years ago. The financial policy
implication over the medium to longer term of a potential capital
transaction involving the sale-leaseback of restaurant properties
is unclear. If pursued, Fitch expects a portion of the proceeds
would likely be used to repay the $300 million senior notes due
2023. Otherwise, given the modest covenant carve-out under the
indenture, the notes would become secured.

Fitch has withdrawn Brinker's ratings for commercial reasons. Fitch
reserves the right in its sole discretion to withdraw or maintain
any rating at any time for any reason it deems sufficient.

KEY RATING DRIVERS

Negative Comp Sales, Market Share Losses: Chili's comps have been
negative 11 consecutive quarters, declining 2.4% systemwide for the
nine months ended March 28, 2018 as the chain has lost share in
recent years. Outsized exposure to oil-producing states, missteps
with its loyalty program and general weakness in casual dining has
contributed to comp weakness. Recent steps the company has taken to
improve comps including simplified menu, food investments and
promotional activity have gained traction as traffic volume
declines have moderated with systemwide sales declining negative
0.8% in the most recent quarter. Fitch expects comps to decline by
approximately 1% in fiscal 2018 (company guidance of negative 0.5%
to negative 1%) and be roughly flat in fiscal 2019 as Brinker
redefines its value proposition, improves restaurant execution,
launches a brandwide reimage investment to refresh restaurants and
leverages its take out capabilities to offer enhanced convenience.

Chili's Brand Strength: Chili's represented 97% of Brinker's 1,686
units at March 28, 2018. Brinker is currently investing in the
brand to increase the value provided by core menu items, enhance
convenience around its take out platform and improve in-restaurant
execution. Fitch believes Chili's Texas-themed menu differentiates
the brand in the highly competitive bar & grill category with
recent food investments and simplified menu focusing on core
offerings resonating with consumers. However, the casual dining
segment remains challenging, competition is intense, retail traffic
continues to slow and Chili's will need to regain share that it has
lost in recent years.

Margins Pressured: Brinker's EBITDA margin, excluding non-cash
stock-based compensation expense, declined to 13.9% in for the LTM
period ending the third fiscal quarter (March 28) fiscal 2018
compared to 15.9% in fiscal 2015 due mainly to declining comps,
higher labor costs, food investments and promotional activities.
While Brinker's restaurant-level profitability remains competitive
versus peers, its strategy of investing to enhance its value
proposition and upward pressure on labor costs will continue to
modestly affect margins in the near term or at least until comp
growth returns.

Moderately High Leverage: Fitch projects total adjusted
debt/EBITDAR for fiscal 2018 will remain at the high end of
Brinker's leverage target of 3.25x to 3.75x that translates into
leverage expectations of approximately 4.2x based on Fitch's
calculation. Fitch Ratings' leverage calculation capitalizes leases
at 8x and excludes non-cash stock-based compensation expense.
Brinker transitioned to a high-yield credit after recapitalizing
its balance sheet in September 2016.

Good FCF Generation: Brinker generates meaningful FCF with FCF
margins expected over the forecast period above 3%. Fitch projects
FCF (cash flow from operations less capex and dividends) of
approximately $130 million in fiscal 2018 (or approximately $210
million pre-dividend), below an average of $150 million since 2013.
Over the remainder of the forecast period, Fitch projects FCF
declining to the lower $100 million range as the company increases
investments for restaurant reimaging with the majority of FCF being
used for share buybacks.

DERIVATION SUMMARY

Brinker's ratings (BB/Stable) reflect its moderately high leverage,
meaningful free cash flow, and Chili's Bar & Grill's (Chili's)
position as one of the largest U.S. casual dining chains in the
U.S. Ratings consider secular challenges in the casual dining
segment, Brinker's weak comparable restaurant sales (comps) trends
and the chain's share loss in recent years.

Brinker's rating is lower than that of casual dining peer Darden
Restaurants, Inc. (BBB/Stable) due mainly to Brinker's leverage
being more than 1x higher. The rating differential also reflects
Brinker's lack of meaningful brand-level diversification and weaker
comparable sales trends. Bloomin' Brands, Inc., (Bloomin') a casual
dining peer for which Fitch has a credit opinion and Brinker have
similar leverage but Bloomin's sales growth has been modestly
better than that of Brinker.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

  -- Comps decline approximately 1% in fiscal 2018, roughly flat in
fiscal 2019;

  -- Operating margin declines to approximately 9% in fiscal 2018
and stabilizes modestly lower in fiscal 2019;

  -- FCF (cash flow from operations less capex and dividends) of
approximately $130 million for fiscal 2018, declining to the lower
$100 million range in fiscal 2019 due to increased capital spending
for restaurant reimaging investments;

  -- Total adjusted debt-to-operating EBITDAR in the low 4x range
over forecast period.

RATING SENSITIVITIES

Rating sensitivities are no longer relevant given Fitch's rating
withdrawals.

LIQUIDITY

Adequate Liquidity: Brinker's ongoing liquidity is supported by its
FCF generation and $1 billion revolving credit facility maturing on
Sept. 12, 2021 ($110 million will be due on March 12, 2020). On
March 28, 2018, Brinker had $568 million available under its
revolver, net of $432 million already drawn. In May 2018, Brinker
used undrawn revolver availability to repay its $250 million notes
that matured.

Brinker has indicated the company is reviewing potential capital
transactions that could include a sale-leaseback of company-owned
restaurant assets. Brinker amended its credit agreement in April
2018 to provide a cave-out for up to $450 million in proceeds from
a sale-leaseback transaction. As part of the amendment, Brinker
added Brinker International Payroll Company, L.P. as a guarantor
and granted a security interest in its accounts receivables,
inventory and related restaurant supplies. The bank credit facility
amendment also limits dividends to $82.5 million, additional
restricted payments in an amount of up to $125 million during each
fiscal year, additional restricted payments in an aggregate amount
of up to $250 million during the term of the agreement and any
restricted payments in unlimited amounts, so long as the debt to
cash flow ratio is equal to or less than 3.75x.

FULL LIST OF RATING ACTIONS

Fitch Ratings has downgraded and withdrawn the following ratings
for Brinker as follows:

Brinker International, Inc.

  -- Long-term Issuer Default Rating (IDR) to 'BB' from 'BB+';

-- Senior unsecured bank credit facility to 'BB+'/'RR2' from
'BBB-'/'RR2';

  -- Senior unsecured guaranteed notes to 'BB+'/'RR2' from
'BBB-'/'RR2';

  -- Senior unsecured unguaranteed notes to 'BB'/'RR4' from
'BB+'/'RR4'.

The Rating Outlook is Stable.


CAJ SOUTHWAY PLAZA: Case Summary & 4 Unsecured Creditors
--------------------------------------------------------
Debtor: CAJ Southway Plaza LLC
        300-400 Rhode Island Ave.
        Fall River, MA 02721

Business Description: CAJ Southway Plaza LLC filed as a Single
                      Asset Real Estate (as defined in 11 U.S.C.
                      Section 101(51B)).  It is the fee simple
                      owner of a 106,000 square foot shopping
                      plaza located at 300-400 Rhode Island
                      Avenue Fall River, Massachusetts.  The
                      Property is valued at $8 million.

Chapter 11 Petition Date: July 10, 2018

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Case No.: 18-12631

Judge: Hon. Joan N. Feeney

Debtor's Counsel: David B. Madoff, Esq.
                  MADOFF & KHOURY LLP
                  124 Washington Street - Suite 202
                  Foxborough, MA 02035
                  Tel: 508-543-0040
                  Fax: 508-543-0020
                  E-mail: madoff@mandkllp.com
                          alston@mandkllp.com

Total Assets: $8.38 million

Total Liabilities: $8.94 million

The petition was signed by Joanne Lucas, manager.

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

      https://www.scribd.com/document/383637007/mab18-12631


CALVERT DEVELOPMENT: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Calvert Development, LLC
        2905 Mitchellville Road, Suite 203
        Bowie, MD 20716

Business Description: Calvert Development, LLC is a real estate
                      company that owns in fee simple a property
                      located at 7265 Clyde Jones Road Sunderland,
                      Maryland, valued by the company at $1.20
                      million.  The Company sought bankruptcy
                      protection on Dec. 7, 2015 (Bankr. D. Md.
                      Case No. 15-26871) and May 16, 2018 (Bankr.
                      D. Md. Case No. 18-16648).

Chapter 11 Petition Date: July 10, 2018

Case No.: 18-19189

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Wendelin I. Lipp

Debtor's Counsel: Rowena Nicole Nelson, Esq.
                  LAW OFFICE OF ROWENA N. NELSON, LLC
                  1801 McCormick Drive, Suite 150
                  Largo, MD 20774
                  Tel: 301-358-3271
                  Fax: 877-728-7744
                  Email: rnelson@rnnlawmd.com
                         information@rnnlawmd.com

Total Assets: $1.20 million

Total Liabilities: $500,000

The petition was signed by Michael D. Clarke, managing member.

The Debtor stated it has no unsecured creditors.
A full-text copy of the petition is available for free at:

     https://www.scribd.com/document/383638073/mdb18-19189


CANDI CONTROLS: Unsecureds to be Paid from Initial Sale Proceeds
----------------------------------------------------------------
CCI Liquidation, Inc., on June 28 filed a Chapter 11 plan of
liquidation that proposes to pay creditors from the initial
proceeds generated from the sale of substantially all of its assets
to Altair Engineering, Inc.

The company, previously known as Candi Controls Inc., received more
than $1 million from the buyer at the closing of the sale on April
27.  Aside from the initial sale proceeds, Altair also deposited $1
million into an escrow to secure CCI's indemnification obligations
to the buyer, which will be released in April next year.

CCI's assets are limited to the initial sale proceeds and the right
to receive the escrow funds.  Now that the retention bonuses have
been paid in full, all that is left for the company to accomplish
is to make pro rata distributions of the initial sale proceeds
remaining after payment of administrative claims and, in less than
a year from now, the escrow funds, to general unsecured creditors.

Under the plan, general unsecured claims totaling approximately
$6.9 million are classified in Class 2.  Each holder of these
claims will receive a pro rata share from a portion of the initial
sale proceeds or the "initial net funds," and from the escrow
funds, without interest.  

The first distribution to general unsecured creditors is to be made
from the initial net funds 60 days after the effective date of the
plan.  A final distribution is to be made from the escrow funds
after the plan administrator receives those funds next year,
according to CCI's disclosure statement filed on June 28 with the
U.S. Bankruptcy Court for the District of Delaware.

A copy of the disclosure statement is available for free at
http://bankrupt.com/misc/deb18-10679-125.pdf

                       About Candi Controls

Candi Controls, Inc. -- https://candicontrols.com/ -- is a
cloud-assisted network & device integration software company.
Candi connects devices and data in mainstream commercial buildings
to cloud-based services for energy and facilities management.  Its
open IoT server bridges established and popular communication
protocols to get secure access to best-in-class legacy systems and
IoT devices -- directly or through leading cloud-based apps and
services.  The Company is headquartered in Oakland, California.

CGM Partners, LLC, Howard Elias, and Kelly Yang Living Trust filed
involuntary Chapter 11 bankruptcy against the Debtor (Bankr. D.
Del. Case No. 18-10679) on March 23, 2018.

On March 27, 2018, the Court entered the Chapter 11 order for
relief.  The Debtor now operates its business and manages its
assets as a debtor-in-possession under the Sections 1107 and 1108
of the Bankruptcy Code.

Judge Christopher S. Sontchi presides over the case.  

The Debtor hired Perkins Coie LLP as its bankruptcy counsel; and
The Rosner Law Group LLC as co-counsel with Perkins Coie.

No trustee, examiner or official committee has been appointed in
the Debtor's case.


CHECKERS HOLDINGS: S&P Assigns 'B-' CCR, Outlook Stable
-------------------------------------------------------
S&P Global Ratings assigned its 'B-' corporate credit rating to
Checkers Holdings Inc. (Checkers) and its parent Burger BossCo
Intermediate Inc. The outlook is stable.  

S&P said, "Our 'B-' issue-level ratings on the company's $25
million first-lien revolver and $192.5 million first-lien term loan
are unchanged. The recovery rating is '3', indicating our
expectation for meaningful recovery (50%-70%; rounded estimate:
60%) in the event of default. We do not rate the $87.5 million
second-lien term loan.

"We simultaneously withdrew our 'B-' corporate credit rating on
subsidiary Checkers Drive-In Restaurants Inc. as it is no longer
the reporting entity under the credit agreements following private
equity sponsor Oak Hill Partners' 2017 leveraged buyout.

"The rating on Checkers primarily reflects the company's relatively
small presence in the intensely competitive quick-service
restaurant (QSR) industry. With a systemwide restaurant count of
over 850 units, we believe it lacks scale and market presence
within the QSR sector, is geographically concentrated in the
eastern U.S., and has limited product offerings. Almost two-thirds
of revenues are from burgers, chicken, and related side items. That
said, Checkers differentiates itself from its QSR peers with a
diversified, low-priced menu and a daypart mix, with late-night
sales representing a high 22% of overall sales--twice the industry
average--which is somewhat of an offsetting factor.

"The stable rating outlook on Checkers reflects our expectation
that the company will steadily increase its franchise base to
reduce the ownership of operated restaurants close to 20% in the
next couple of years. We also believe the ability to decrease
capital spending to maintenance levels provides moderate downside
cushion to the rating.

"We could consider a downgrade if liquidity becomes constrained or
if operating performance and credit measures deteriorate such that
EBITDA interest coverage declines below 1x, leading us to believe
that the capital structure is unsustainable. Events that could
cause a downgrade include negative FOCF from a material
deterioration in operating performance, loss of market share, or
significant changes in financial policy that lead to a near-term
debt-financed dividend to company's private equity sponsors. We
could also lower the rating if we believe performance will
deteriorate to levels that could cause covenant compliance issues
under the company's credit facilities.

"Although not likely in the next year given that financial sponsor
ownership dictates financial policy, we could consider a positive
rating action if Checkers meaningfully improves same-store sales
and EBITDA growth, with leverage falling to the low-5x level and
FFO-to-debt rising above 15%. This would result from an over 5%
increase in revenues and a gross or EBITDA margin increase of 250
bps beyond our expectations."



CHESTER COMMUNITY: Fitch Affirms B- Rating on $51.3MM 201A Bonds
----------------------------------------------------------------
Fitch Ratings has affirmed the following revenue bonds issued by
the Delaware County Industrial Development Authority, PA on behalf
of Chester Community Charter School (CCCS) at 'B-':

  -- $51,340,000 charter school revenue bonds series 2010A.

The Rating Outlook is Negative.

SECURITY

The series 2010A bonds are payable by a lien and pledge of gross
revenues derived from a lease of the facilities to Chester
Community Charter School, backed by a mortgage on the property.
There is also a debt service reserve (DSR) cash-funded to
transaction maximum annual debt service, defined as transactional
maximum annual debt service excluding the transaction's final
double principal payment (TMADS) of about $4.1 million. CCCS
management fee payments to CSMI, LLC are subordinated to the
payment of debt service and DSR replenishment.

KEY RATING DRIVERS

2017 Notes Repaid; Short Term Borrowing Stable: CCCS currently has
high reliance on short-term borrowing due to timing issues related
to pending revenue reconciliation payments and tuition payments
from school districts that send students to CCCS. CCCS has repaid
the outstanding notes due on June 29, 2018 and has taken out a new
cash flow note for $7.5 million on the first business day of fiscal
2019 (July 2, 2018). While borrowing is down to $7.5 million in
each of fiscal 2018 and 2019 from $16.3 million in fiscal 2017 and
$30 million in fiscal 2016, Fitch is concerned there may be a
structural reliance on borrowing for operating needs. Short-term
debt has consistently been repaid at fiscal year-end.

Pressured Liquidity: The rating reflects CCCS' lack of liquidity.
While CCCS had a GAAP-based surplus in fiscal 2017; liquidity
continued to erode. Unaudited fiscal 2018 shows improvement due to
enrollment increases. Future operating margins and improvement in
liquidity also depend on state revenue reconciliations over which
CCCS has no control, with the school still waiting for 2016
payments.

Covenant Violations: CCCS received bondholder waivers related to
violations of covenants related to working capital cash reserves as
well as the timing of financial reporting for fiscals 2016 and
2017. Management expects that it will need another waiver for
fiscal 2018 after the fiscal year ends. Debt service has been paid
in full and on a timely basis to date.

Strong Enrollment Trends: CCCS has strong student demand despite
poor academic scores. Enrollment was over 3,600 in 2016-2017 and
management reports that current year enrollment grew to over 4,100.


Authorizer in Receivership: Chester Upland School District (CUSD),
the charter authorizer for CCCS, has been in receivership since
2012. Delayed audits for CUSD have resulted in delayed commonwealth
reconciliation payments, from which CCCS typically benefits.

RATING SENSITIVITIES

Financial Flexibility: Inability to improve liquidity without
relying on increases in short-term borrowing, or indications that
CCCS must rely on borrowing for ongoing operations rather than cash
flow timing issues will pressure the rating. A meaningful reduction
in reliance on short-term borrowing and demonstrated operating
improvement could result in a positive change in the Outlook or
rating.

Market Access Risk: Inability of CCCS to obtain or renew cash-flow
facilities at an affordable interest rate will lead to a rating
downgrade.

Delayed Tuition Payments: The rating is also sensitive to delayed
tuition payments from either CUSD or the state. Delays that further
pressure CCCS' cash flow would also lead to a rating downgrade.

CREDIT PROFILE

CCCS was formed in 1998 to provide an alternative public school
option for residents in CUSD, which serves the city of Chester, PA,
Chester Township, PA and the borough of Upland, PA. About 80% of
CCCS' students come from CUSD. Per state law, CCCS revenues flow
through the public school districts in which students reside.

In 2017, CCCS expanded grade K-8 academic offerings to four
campuses. Demand is one of CCCS' strengths and is evidenced by
recent enrollment growth. CCCS has no official enrollment caps,
although its facilities have a capacity of approximately 4,800.
Demand is supported by academic and financial pressures at both
CUSD and area school districts and a strong regional market
position that discourages competition from new charter schools.
Over half of CUSD's K-8 student population attends CCCS. Management
reports an increase from approximately 3,600 students last year to
over 4,100 students in the current school year and projects that
enrollment will continue to grow over the next several years to
close to its facility capacity at 4,800. The new higher capacity is
due to CCCS adding space at a fourth facility in Aston at the
beginning of the current school year.

In the event CUSD's monthly per pupil funding (PPF) distributions
are delayed, per PA Charter School Law, CCCS may request direct
funding from the PA Department of Education (PDE).

CHARTER RENEWAL

CCCS has received multiple charter renewals during its 19-year
operating history, which Fitch views favorably. Following an
initial three-year charter, the school has received consistent
five-year renewals. Recently, the court-appointed receiver of CUSD
granted an additional five-year renewal only 1.5 years into the
current charter, effectively extending the charter through 2026.

STRESSED LIQUIDITY

CCCS's largest public school payor, CUSD, continues to experience
fiscal stress, and has been in receivership since 2012. Its failure
to finalize audits so that reconciliation payments can be made by
PDE is having a negative effect on CCCS.

The cash-flow borrowing initially supported commonwealth payment
delays, but now is supporting delayed reconciliation payments,
interest costs on the working cash notes, and late tuition payments
from school districts that send students to CCCS. CCCS has no
control over the timing of reconciliation payments from CUSD, which
are still late from fiscal 2016.

Because of this, as well as lower negotiated special education
per-pupil rates, CCCS is relying on short-term notes to support
cash flow timing mismatches. At June 30, 2017, CCCS had very low
cash levels, although the school has shown improvement in its
interim 9 month financial statements of fiscal 2018 (through March
2018). This, along with the potential for future deficits and
ongoing reliance on borrowing to fund operating needs, drives the
current 'B-' rating and Negative Outlook.

CCCS originally negotiated external cash flow facilities to bridge
the fiscal 2016 state funding delay when the state budget was
delayed for nine months. At that time, CCCS secured a $10 million
bank line of credit, which it subsequently converted to a $30
million privately placed note, all of which was drawn in fiscal
2016. Most of the commonwealth's delayed education appropriations
were paid by the end of fiscal 2016 and CCCS repaid its note on
June 30, 2016. CCCS then renewed the note on July 1, 2016, but drew
a smaller $16 million to cover late CUSD reconciliation payments
and increasing special education costs. CCCS repaid that note on
June 30, 2017 and borrowed a still lower $7.5 million at the
beginning of fiscal 2018. Of that, CCCS repaid $2.5 million on Jan.
30, 2018 and the remaining $5 million on June 29, 2018. Management
reports that it has renewed the note at the same $7.5 million level
on the first business day of fiscal 2019 (July 2, 2018) at the same
interest rate. Management expects it will be several years before
CCCS eliminates its reliance on short-term debt.

IMPROVED FISCAL 2017 AND FISCAL 2018 OPERATIONS

CCCS reported a $1.3 million operating surplus in fiscal 2017, for
an operating margin of 2.3%. The surplus was driven by higher
enrollment and small increases in per pupil revenue from most of
the districts that send students to CCCS other than CUSD. The
school also was successful in decreasing its expenditures with
lower administrative costs and interest costs on the lower note
amount. Much of the expenditure reduction was offset by increases
in contracted services to support higher special-education
enrollment.

CCCS is performing better in the first nine months of fiscal 2018
than it did through the first nine months of fiscal 2017 as per its
interim financial reports. For the nine months, the school is on
track to be close to balanced, whereas it was on track to have a
deficit through the first nine months of last year.

CCCS violated financial covenants in both fiscal 2016 and 2017,
including failure to maintain unrestricted working capital and cash
reserve balances. The school received a waiver of certain events of
default from bondholders. Management expects it will request a
similar waiver for fiscal 2018.

DEBT MANAGEABILITY

CCCS maintained TMADS coverage of 1.7x in fiscal 2017. TMADS was
6.9% of fiscal 2017 operating revenues, more moderate than many
Fitch-rated charter schools, but still high.


CHI OVERHEAD: Moody's Hikes CFR to B2, Outlook Stable
-----------------------------------------------------
Moody's Investors Service upgraded C.H.I. Overhead Doors, Inc.'s
Corporate Family Rating to B2 from B3 and its Probability of
Default Rating to B2-PD from B3-PD. Moody's projects financial
performance and resulting key debt credit metrics improving over
next 12 to 18 months, warranting higher ratings. In related rating
actions, Moody's upgraded CHI's senior secured bank credit facility
to B2 from B3. Rating outlook is stable.

The following ratings/assessments are affected by Moody's's action:


Upgrades:

Issuer: C.H.I. Overhead Doors, Inc.

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

Corporate Family Rating, Upgraded to B2 from B3

Senior Secured Bank Credit Facility, Upgraded to B2 (LGD3) from B3
(LGD3)

Outlook Actions:

Issuer: C.H.I. Overhead Doors, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

CHI's Corporate Family Rating upgrade to B2 from B3 results from
its expectations of better debt credit metrics, due to the
combination of higher revenues and resulting operating leverage.
Moody's projects revenues approximating $435 million by late 2019,
and resulting debt leverage approaching 3.8x versus 4.7x at March
31, 2018. CHI's operating margins are its greatest credit strength,
indicative of high rated entities and most robust amongst similarly
rated peers. Moody's forecasts interest coverage, measured as
EBITA-to-interest expense, nearing 4.1x over its time horizon
versus 3.7x for last twelve months through 1Q18 (all ratios
includes Moody's standard adjustments). CHI's good liquidity
profile characterized by free cash flow throughout the year,
revolver availability, and no near-term maturities support higher
ratings as well.

Fundamentals for repair and remodeling activity, from which CHI
derives preponderance of its revenues and resulting earnings and
cash flows, remain sound. its performance expectations for the
repair and remodeling end market considers trends in the National
Association of Home Builders (NAHB) Remodeling Market Index, an
industry survey that gauges remodeling contractors' expectations of
demand over the next three months. The Remodeling Market Index's
overall reading was 56.62 in 1Q18, above 50 since 1Q13 and
indicating sustained growth. New home construction, another source
of earnings, is growing steadily. Moody's projects total new
housing starts could reach 1.270 million in 2018, representing a 6%
increase from about 1.203 million in 2017. Moody's maintains a
positive outlook for the domestic homebuilding industry.

However, risks remain. CHI is a small company based on revenues and
resulting levels of earnings, which may constrain financial
flexibility in a downturn due to large amount of debt in company's
capital structure. CHI's product offerings are focused on garage
doors. It faces stiff competition in the fragmented overhead door
market. The company's reliance on one manufacturing facility poses
operational risks, since any production troubles could have
material adverse effects, delaying orders and revenues. Although
fundamentals are sound now, US private construction activity is
cyclical. Its embedded volatility poses a significant credit risk
to CHI. Moody's believes CHI's priority for future capital
deployment is reinvestment in its business. Yet, company's private
equity ownership creates risk of distributions and large
debt-funded acquisitions, which could impact CHI's long-term
ratings if such actions result in significant deterioration of
credit metrics.

Upgrade of CHI's senior secured bank credit facility to B2 from B3
results from higher Corporate Family Rating, primary driver of debt
instrument ratings per its loss give default methodology.

Stable rating outlook reflects its expectations that CHI's credit
profile, such as leverage improving and remaining below 5.5x, will
remain supportive of its B2 Corporate Family Rating over the next
12 to 18 months.

CHI's ratings could be upgraded if operating performance exceeds
Moody's forecasts, yielding debt-to-EBITDA remaining near 3.5x
(ratio includes Moody's standard adjustments), maintenance of its
good liquidity profile, and ongoing positive trends in key end
markets.

Negative rating actions could ensue if CHI's operating performance
falls below its expectation, resulting in leverage sustained above
5.5x (ratio includes Moody's standard adjustments) or deterioration
in liquidity. Large debt-financed acquisitions or significant
shareholder distributions could pressure ratings as well.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

C.H.I. Overhead Doors, Inc. ("CHI"), headquartered in Arthur,
Illinois, manufactures overhead doors for residential and
commercial applications throughout the United States and Canada.
Kohlberg Kravis Roberts & Co., L.P., through its affiliates, is
primary owner of CHI. Revenues for 12 months through March 31, 2018
approximate $352 million. CHI is privately-owned and does not
disclose publicly available financial information.


CHINA COMMERCIAL: Completes Disposition of BVI Business
-------------------------------------------------------
As previously disclosed in the Current Report on Form 8-K filed on
June 25, 2018, on June 19, 2018, China Commercial Credit, Inc., HK
Xu Ding Co, Limited, a private limited company duly organized under
the laws of Hong Kong (the "Purchaser") and CCCR International
Investment Ltd., a business company incorporated in the British
Virgin Islands with limited liability entered into a share purchase
agreement pursuant to which the Purchaser agreed to purchase CCC
BVI in exchange of cash purchase price of $500,000.

On July 10, 2018, the parties completed all the share transfer
registration procedure as required by the laws of British Virgin
Islands and all the other closing conditions have been satisfied,
as a result, the Disposition contemplated by the Purchase Agreement
is completed.

Upon completion of the Disposition, the Company's sole business
became the leasing of used luxurious car carried out by the
Company's VIE entity, Beijing Youjiao Technology Limited.

The used luxurious car business is conducted under the brand name
"Batcar" by Beijing Youjiao.  Beijing Youjiao has purchased 6
luxurious cars including Ferrari, Mai Karen, Martha Lahti, Tesla
and Land Rover.  The total asset value of cars is over $1.5
million.  Since the inception of this business in May, Beijing
Youjiao has generated nearly $63,000 in revenue.

These luxurious cars are purchased from used luxury car dealers
after being hand-picked and negotiated by the Company's specialists
who has years of experience in luxurious car dealership.  The
Company's customers are mainly high net worth individuals who have
special preferences for luxurious cars.  The term of the lease
could be as short as one day or as long as two months and choose to
pay daily or monthly.  Daily rental varies from $300 to $1,200.

The Company markets its services via online or offline channels.
Currently the Company has one store in Beijing, China.

                  About China Commercial Credit

Founded in 2008, China Commercial Credit ?
http://www.chinacommercialcredit.com/? is a financial services
firm operating in China.  Its mission is to fill the significant
void in the market place by offering lending, financial guarantee
and financial leasing products and services to a target market
which has been significantly under-served by the traditional
Chinese financial community.  The Company's current operations
consist of providing direct loans, loan guarantees and financial
leasing services to small-to-medium sized businesses, farmers and
individuals in the city of Wujiang, Jiangsu Province.

China Commercial incurred a net loss of US$10.69 million for the
year ended Dec. 31, 2017, compared to a net loss of US$2.58 million
for the ended Dec. 31, 2016.  As of March 31, 2018, China
Commercial had US$7.31 million in total assets, US$11.76 million in
total liabilities and a total shareholders' deficit of US$4.45
million.

The report from the Company's independent accounting firm Marcum
Bernstein & Pinchuk LLP on the consolidated financial statements
for the year ended Dec. 31, 2017, includes an explanatory paragraph
stating that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


COMPCARE MEDICAL: Disclosure Statement Hearing Set for July 17
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California is
set to hold a hearing on July 17 to consider approval of the
disclosure statement, which explains the Chapter 11 plan of
reorganization for CompCare Medical, Inc.

The hearing will be held at Video Courtroom 126.  Objections to the
disclosure statement must be filed at least 14 days before the
hearing.

The plan filed on May 31 provides for the payment in full of
priority tax debt and secured debt, and 100% dividend to
non-priority, non-insider general unsecured creditors.

                 About CompCare Medical, Inc.

CompCare Medical Inc., which operates a busy general medical
practice with a daily patient count of 40 to 50 patients., filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 16-15707) on June
27, 2016. The petition was signed by Alphonso Benton, president.
The Debtor estimated assets at $100,001 to $500,000 and liabilities
at $500,001 to $1 million. The Debtor is represented by Todd L.
Turoci, Esq., and Julie Philippi, Esq., at The Turoci Firm, in
Riverside, California.


COMSTOCK RESOURCES: BMO & 12 Banks Pledge $700M Credit Facility
---------------------------------------------------------------
Comstock Resources, Inc. has obtained commitments from a syndicate
of 13 banks for a new five year reserve-based revolving credit
facility with an initial borrowing base of $700 million.  The New
Credit Facility is subject to customary closing conditions and will
become effective concurrent with the closing of the contribution of
certain oil and gas assets by Arkoma Drilling, L.P. and Williston
Drilling, L.P., entities owned by Jerry Jones and his family,
pursuant to the Contribution Agreement entered into on May 9, 2018
between Comstock and those entities.  The issuance of Comstock
common stock in connection with the Jones contribution is being
submitted to the Company's stockholders for approval at its
upcoming annual meeting to be held on Aug. 10, 2018.  

The New Credit Facility was arranged by BMO Capital Markets and has
an initial borrowing base of $700.0 million, which will be
re-determined on a semi-annual basis.  The New Credit Facility will
be secured by substantially all of Comstock's assets and will be
administered by Bank of Montreal.  Borrowings under the New Credit
Facility will bear interest at the Company's option, at either
LIBOR plus 2% to 3% or a base rate plus 1% to 2%, in each case
depending on the utilization of the borrowing base.  Comstock will
pay a commitment fee of 0.375% to 0.5% on the unused borrowing
base.

"We are excited to have completed this part of our refinancing plan
and appreciate the support from Bank of Montreal and the other
twelve banks comprising our new bank group.  We are looking forward
to the August 10th annual meeting when our shareholders will vote
on the Jones contribution, the cornerstone of our refinancing
plan," stated M. Jay Allison, chairman and chief executive officer
of the Company.

                        About Comstock

Comstock Resources, Inc. -- www.comstockresources.com -- is an
independent energy company based in Frisco, Texas and is engaged in
oil and gas acquisitions, exploration and development primarily in
Texas and Louisiana.  The Company's stock is traded on the New York
Stock Exchange under the symbol CRK.

Comstock incurred a net loss of $111.4 million for the year ended
Dec. 31, 2017, compared to a net loss of $135.1 million for the
year ended Dec. 31, 2016.  As of March 31, 2018, Comstock Resources
had $910.5 million in total assets, $1.32 billion in total
liabilities and a total stockholders' deficit of $409.9 million.


CONGREGATION ACHPRETVIA: Estimates Unsecured Claims to Total $113K
------------------------------------------------------------------
Congregation Achpretvia Tal Chaim Sharhayu Shor Inc. on June 28
filed with the U.S. Bankruptcy Court for the Southern District of
New York its latest Chapter 11 plan of liquidation.

Under the second amended plan, unsecured claims are classified in
Class 4.  Congregation Achpretvia estimated the amount of unsecured
claims at $113,263.  

Each creditor holding a Class 4 unsecured claim will receive a cash
payment from the disbursing agent in the full amount of its allowed
unsecured claim with post-petition interest calculated at the
federal judgment rate on the effective date of the plan, or as soon
thereafter as practicable after the claim is allowed; or such other
treatment as may otherwise be agreed to in writing by Congregation
Achpretvia and the unsecured creditor, or as provided for by a
court order, according to the latest disclosure statement filed on
June 28.

A copy of the disclosure statement is available for free at:

         http://bankrupt.com/misc/nysb16-10092-232.pdf

                  About Congregation Achpretvia

Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., in Brooklyn,
New York, filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-10092) on Jan. 15, 2016.  Harold Friedlander,
vice president, signed the petition.  The Debtor disclosed total
assets of $18 million and total liabilities of $472,502.

Judge Michael E. Wiles presides over the case.  Arnold Mitchell
Greene, Esq., at Robinson Brog Leinwand Greene Genovese & Gluck
P.C., serves as the Debtor's counsel.

The Debtor filed a disclosure statement for its Chapter 11 plan of
liquidation on January 20, 2017.


DCP MIDSTREAM: Fitch Gives BB+ IDR & Rates 2026 Unsec. Notes 'BB+'
------------------------------------------------------------------
Fitch Ratings has assigned DCP Midstream Operating, LP a 'BB+'
Long-term Issuer Default Rating (IDR) and a 'BB+'/'RR4' rating to
the company's proposed senior unsecured notes due 2026. The Rating
Outlook is Stable.

The notes are being issued by DCP Midstream Operating, LP and are
fully and unconditionally guaranteed by parent company DCP
Midstream, LP (DCP). The guarantee by DCP will rank equally in
right of payment to all of DCP's existing and future unsecured
senior indebtedness. DCP plans to use the proceeds from this
offering to fund the redemption of its outstanding 9.750% senior
notes due March 15, 2019 and for general partnership purposes,
including the funding of capital expenditures.

KEY RATING DRIVERS

Scale and Scope of Operations: DCP's ratings reflect its position
as one of the largest independent producers and processor of
natural gas liquids (NGLs) in the U.S. with a robust operating
presence in all of the key production regions within the country.
The size and breadth of DCP's operations allow it to offer its
customers end-to-end gathering, processing, storage and
transportation solutions giving it a competitive advantage within
the regions where they have significant scale. Additionally, the
company's large asset base provides a platform for growth
opportunities across its footprint. DCP has a particular focus on
the Denver Julesburg Basin and the Permian Basin, areas in need of
gathering and processing infrastructure as production in the
liquids-rich regions of these plays continues to increase. Much of
DCP's asset portfolio is 'must-run'-type assets; as long as oil and
gas is flowing from the wells and basin they access, DCP will
process the gas.

Volumetric Risks: Fitch remains concerned with volumetric risks
across DCP's consolidated asset base. While volumes in the DJ and
Permian Basins are expected to continue to hold up well, elsewhere
Fitch expects volume weakness. NGL production volumes for 1Q 2018
were down 5.4% quarter over sequential quarter. Some of this volume
weakness has been offset by strong average throughput volumes on
DCP's NGL transportation assets (+21.5% 1Q 18 vs. 1Q 17; +3.2% 1Q
18 vs. 4Q 17). Fitch expects near-term NGL production volume
weakness could weigh on profitability but expects favorable
production fundamentals in DCP's core operating regions, supportive
NGL pricing and increased demand should help moderate volumetric
risks in 2018 and beyond.

High Leverage: Fitch expects DCP's credit metrics to continue to
show improvement in 2018 and beyond as DCP benefits from newly
announced growth projects, rising NGL prices and increased demand.
Fitch expects that DCP's leverage will be between 5.0x and 5.3x for
2018, based on Fitch EBITDA estimates and inclusive of 50% equity
treatment for the junior subordinated notes and preferred equity.
Additionally, while DCP currently has roughly 78% of its pro forma
gross margin supported by fee-based or hedged volumes, DCP's hedges
on NGL's tend to be short tenor (typically 12-18 months out)
leaving DCP exposed to hedge roll over risk, as well as longer-term
exposure to commodity prices. For 2018 60% of DCP's gross margin is
fixed fee, with 18% of margin supported by product hedges.

Supportive Ownership: The ratings reflect that DCP's owners have
been and are expected to remain supportive of the operating and
credit profile of DCP. DCP's owners of its general partner,
Enbridge, Inc. (ENB; BBB+/Stable) and Phillips 66, Inc. (PSX; not
rated) have in the past exhibited a willingness to inject capital,
forgo dividends, and generally provide capital support to DCP and
other operating partnerships. In association with DCP's
simplification transaction at the beginning of 2017, DCP's owners
agreed to waive up to $100 million per year for three years in
incentive distributions from DCP, if and as needed, in order for
the partnership to maintain distribution coverage above 1.0x. Fitch
expects that the waiver will likely not be needed in 2018 and 2019.


Counterparty Exposure: Counterparty risk is a general concern for
most gathering and processing issuers, but should be relatively
limited for DCP. DCP's volumes and margin are supported by long
term contracts and agreements with a diverse set of largely
investment grade producers within the producing regions where DCP
operates. DCP does not have any material unsecured concentration
with any single high-yield counterparty.

DERIVATION SUMMARY

DCP's ratings are reflective of its favorable size, scale,
geographic and business line diversity within the natural gas
gathering and processing space. The ratings reflect improvements in
liquidity, cash flow profile, and operating margin at the recently
consolidated DCP enterprise. The ratings recognize that DCP has
higher exposure to commodity prices than many of its midstream
peers, with only 60% of gross margin supported by fixed fee
contracts. This commodity price exposure has been partially
mitigated in the near term through DCP's use of hedges for its NGL,
natural gas and crude oil price exposure, pushing the percentage of
gross margin either fixed fee or hedged up to 78% as of May 2018.
This helps DCP's cash flow stability but exposes it to longer-term
hedge roll-over and commodity price risks.

DCP is larger and slightly more geographically diversified than
higher rated peers Enlink Midstream Partners, LP (BBB-/Stable) and
Enable Midstream Partners, LP (BBB-/Stable). Leverage at DCP is
higher with 2018 Debt/EBITDA expected at roughly 5.0x to 5.3x
versus ENBL and ENLK, which Fitch expects leverage at 3.8x to 4.2x
and below 5.0x respectively. ENBL and ENLK also possess similar
volumetric risks as DCP, but have more of their revenue supported
by fixed fee contracts. DCP has roughly 60% of its gross margin
supported by fixed fee contracts, while ENBL and ENLK each have
greater than 90%.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

  -- WTI oil price that trends up from $50/barrel in 2017 to a
long-term price of $55.00/barrel; Henry Hub gas that trends up from
$2.75/mcf in 2017 to a long-term price of $3.25/mcf.

  -- Maintenance capital of roughly $100 to $150 million annually.


  -- Preferred equity receives 50% equity credit.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- The ability to maintain the percentage of fixed-fee or hedged
gross margin at or above 70% while maintaining leverage below 4.5x
and distribution coverage above 1.0x on a sustained basis could
lead to a positive rating action.
Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Leverage expected above 5.5x on a sustained basis and/or
distribution coverage consistently below 1.0x would likely result
in at least a one-notch downgrade.

  -- A significant decline in fixed-fee or hedged commodity leading
to gross margin less than 60% fixed-fee or hedged without an
appropriate, significant adjustment in capital structure,
specifically a reduction in leverage, would likely lead to at least
a one-notch downgrade.

  -- A significant change in the ownership support structure from
GP owners ENB and PSX to the consolidated entity particularly with
regard to the GP position on commodity price exposure, distribution
policies and capital structure at DCP, the operating partnership.

LIQUIDITY

Liquidity Adequate: DCP's liquidity is adequate, with full
availability under its $1.4 billion revolving credit facility as of
June 19, 2019. DCP's credit facility matures in December 2022. The
credit facility has a leverage covenant that requires DCP's
Consolidated Leverage ratio not to exceed 5.25x for the quarter
ending June 30, 2018 and 5.0x for the quarters thereafter. The
leverage ratio would be stepped up to 5.5x for 3 quarters following
any qualified acquisition on June 30, 2018 or thereafter.
Importantly, for covenant calculation purposes, DCP's preferred
equity is given 100% equity treatment so the issuance of preferred
equity will help improve liquidity and leverage as the proceeds are
expected to be used to pay down debt. DCP's junior subordinated
notes are also given 100% equity treatment in covenant calculations
(vs. Fitch's 50% equity treatment).

DCP maturities are otherwise limited with no maturing debt in 2018,
and $775 million and $600 million in notes maturing in 2019 and
2020 respectively.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

DCP Midstream Operating, LP

  -- Long-term IDR 'BB+';

  -- Senior unsecured notes 'BB+'/'RR4' (fully and unconditionally
guaranteed by DCP Midstream, LP).

The Rating Outlook is Stable.

Fitch currently rates DCP Midstream, LP as follows:

  -- Long-term IDR 'BB+';

  -- Senior unsecured rating 'BB+'/'RR4';

  -- Junior subordinated rating 'BB-'/'RR6';

  -- Preferred equity rating 'BB-'/'RR6'.

The Rating Outlook is Stable.


DCP MIDSTREAM: Moody's Rates New Sr. Notes Due 2025 'Ba2'
---------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to DCP Midstream
Operating, LP 's (DCP Midstream Operating) proposed senior notes
due 2025. DCP Midstream, LP's (DCP) existing ratings, including the
Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default
Rating, B1 preferred units ratings and SGL-3 Speculative Grade
Liquidity (SGL) rating are unchanged. Additionally, DCP Midstream
Operating's Ba2 senior unsecured notes ratings and the B1 junior
subordinated notes rating are unchanged. The rating outlook is
stable.

The net proceeds from the offering will be used to fund the
redemption of its 9.75% senior notes due March 2019 and for general
partnership purposes.

"DCP's proposed issuance is a leverage neutral transaction that
will improve its maturity profile," stated James Wilkins, Moody's
Vice President.

The following summarizes the ratings activity.

Issuer: DCP Midstream Operating, LP

Rating assigned:

Gtd Senior Unsecured Notes, Assigned Ba2 (LGD4)

Gtd Senior Unsecured Shelf, Assigned (P)Ba2

RATINGS RATIONALE

The proposed senior notes due 2025 are rated Ba2, the same level as
the CFR, consistent with Moody's Loss-Given-Default methodology.
The new notes will be obligations of DCP Midstream Operating, LP,
guaranteed by DCP and rank pari passu with DCP Midstream
Operating's existing senior notes and revolving credit facility.
The senior unsecured notes are rated at the same level as the CFR
since the unsecured debt (notes and revolving credit facility) make
up the majority of the capital structure.

DCP's Ba2 CFR reflects its elevated leverage, stable cash flows,
meaningful scale in the US gathering and processing and downstream
logistics industry and basin diversification. Its debt to EBITDA
ratio was 4.1x for the twelve months ended March 31, 2018,
excluding the DCP GP Holdco debt, but may rise somewhat in 2018 as
the company partially debt-funds growth capital expenditures. Cash
flow stability benefits from a combination of fee-based and hedged
revenues that account for about three-quarters of the gross margin
and long-term contractual arrangements with minimum volume
commitments or life of lease or acreage dedications. DCP enjoys
economies of scale (one of the top US gas processors and NGL
producers) and its business profile benefits from its diverse asset
profile and critical mass in four key areas -- the DJ Basin,
Midcontinent and Eagle Ford regions and Permian Basin. The rating
and business profile are tempered by inherent commodity price risk,
MLP model risks with high payouts and the reliance on debt and
equity markets to fund growth. However, DCP can benefit from IDR
give backs in 2018-2019 from its parent if distribution coverage is
below 1x. The rating also considers the support that the parents --
Phillips 66 (A3 negative) and Enbridge Inc. (Baa3 stable) -- have
historically provided.

The stable outlook reflects DCP's relatively stable cash flow and
the expectation that the company will reduce its leverage as new
projects are completed. An upgrade could be considered if debt to
EBITDA (including the debt at the holding company) is expected to
remain below 4.5x. DCP's Ba2 CFR could be downgraded if leverage is
expected to remain above 5.5x (including the debt at the holding
company) or it cannot maintain a distribution coverage ratio
greater than 1x without relying on the IDR giveback.

The principal methodology used in these ratings was Midstream
Energy published in May 2017.

DCP Midstream, LP, headquartered in Denver, Colorado, is a publicly
traded, gathering and processing MLP. The DCP Midstream, LP common
LP units are owned by the public (62%) and the balance of the
common units and GP interest is owned by DCP Midstream, LLC, a
50%/50% joint venture between Phillips 66 and Enbridge Inc.


DCP MIDSTREAM: S&P Assigns 'BB' Rating on New Sr. Unsecured Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '3'
recovery rating to DCP Midstream Operating L.P.'s proposed senior
unsecured notes. The '3' recovery rating indicates our expectation
for meaningful (50%-70%; rounded estimate: 50%) recovery in the
event of a payment default.

The company intends to use the net proceeds from this offering to
redeem its 9.750% senior notes due March 2019 and for general
partnership purposes, including to fund capital expenditures. DCP
Midstream Operating L.P. is a wholly owned subsidiary of DCP
Midstream L.P. (DCP). The proposed notes are guaranteed by DCP. As
of March 31, 2018, DCP had $4.8 billion of reported debt.

Denver-based DCP Midstream L.P. is a midstream energy master
limited partnership. The partnership is one of the largest
producers and marketers of natural gas liquids and one of the
largest natural gas processing companies in the U.S.

  RATINGS LIST

  DCP Midstream L.P.
   Corporate Credit Rating       BB/Stable/--

  New Rating

  DCP Midstream Operating L.P.
   Senior Unsecured Notes        BB
    Recovery Rating              3(50%)


DORIAN LPG: Confirms Receipt of Revised Proposal from BW LPG
------------------------------------------------------------
Dorian LPG confirmed that it has received a revised unsolicited
proposal from BW LPG to combine with Dorian.  Under the revised
proposal, Dorian shareholders would receive 2.12 shares of BW LPG
for each share of Dorian.

BW LPG's initial proposal was made on May 29, 2018.  The Dorian
Board of Directors unanimously declined the proposal on June 15,
2018 citing Dorian's younger, more fuel-efficient ships; its
superior commercial performance; its stronger balance sheet; and
lack of shareholder benefit from the dual listing that BW LPG
proposed.

The Board of Directors of Dorian will review BW LPG's revised
proposal in consultation with its financial and legal advisors.  No
assurance can be given that any transaction will occur.

                      About Dorian LPG

Dorian LPG ? http://www.dorianlpg.com/? is a liquefied
petroleum gas shipping company and an owner and operator of modern
very large gas carriers ("VLGCs").  Dorian LPG's fleet currently
consists of twenty-two modern VLGCs.  Dorian LPG has offices in
Stamford, Connecticut, USA, London, United Kingdom and Athens,
Greece.

As of March 31, 2018, Dorian LPG had US$1.73 billion in total
assets, US$776.69 million in total liabilities and US$959.41
million in total shareholders? equity.

Dorian LPG reported a net loss of US$20.40 million on US$159.33
million of total revenues for the year ended March 31, 2018,
compared to a net loss of US$1.44 million on US$167.45 million of
total revenues for the year ended March 31, 2017.


DOUBLE D. FITNESS: July 26 Plan Confirmation Hearing
----------------------------------------------------
Judge Karen K. Specie of the U.S. Bankruptcy Court for the Northern
District of Florida issued an order conditionally approving Double
D Fitness Company's disclosure statement, dated May 25, 2018,
referring to its chapter 11 plan.

July 19, 2018, is fixed as the last day for filing and serving
written objections to the disclosure statement and is fixed as the
last day for filing acceptances or rejections of the plan.

A confirmation hearing will be held at U.S. Courthouse, 30 W.
Government Street, Panama City, FL on July 26, 2018 at 10:00 AM,
Central Time.

Objections to confirmation must be filed and served seven days
before the date of the hearing.

The Troubled Company Reporter previously reported that the secured
claim of TCF Equipment Finance under the plan will be paid $9,730
at 6% fixed interest commencing on the 1st of the month following
the effective date of the plan in the amount of $500 per month
until paid in full.

A copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/flnb17-50242-58.pdf  

              About Double D. Fitness Company

Double D. Fitness Company filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Fla. Case No. 17-40242) on July 26, 2017. The Debtor
hired Robert C. Bruner, Esq., at Robert C. Bruner, Attorney at
Law.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Double D Fitness Company as of
September 20, according to a court docket.


EAST OAKLAND: Aug. 1 Plan Confirmation Hearing
----------------------------------------------
Judge William J. Lafferty, III of the U.S. Bankruptcy Court for the
Northern District of California issued an order approving East
Oakland Faith Deliverance Center Church's second amended disclosure
statement referring to a chapter 11 plan dated June  21,  2018.

July 24, 2018 is fixed as the last day for filing and serving
written objections to confirmation of the plan, the last day for
filing written acceptances or rejections
for the plan.

August 1, 2018, at 10:30 a.m. is fixed for the hearing on
confirmation of the plan.

     About East Oakland Faith Deliverance Center Church

Based in Oakland, California, East Oakland Faith Deliverance Center
Church is a non-profit, tax-exempt corporation in the religious
organizations industry.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Calif. Case No. 17-42951) on Nov. 28, 2017.  Rev.
Ray E. Mack, president, signed the petition.  At the time of the
filing, the Debtor estimated assets and liabilities of $1 million
to $10 million.  Judge William J. Lafferty presides over the case.


ENID LAKESIDE: Plan Confirmation Hearing Set for July 18
--------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Mississippi
is set to hold a hearing on July 18 to consider approval of the
Chapter 11 plan for Enid Lakeside Grocery, LLC.

The hearing will be held at 10:30 a.m., at the Oxford Federal
Building.

The court on May 31 approved the disclosure statement filed by Enid
Lakeside on November 1 last year.

                 About Enid Lakeside Grocery

Enid Lakeside Grocery, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Miss. Case No. 17-10248) on Jan. 25, 2017.  The
Petition was signed by Lawrence T. Moore, managing member.  The
Debtor is represented by Robert Gambrell, Esq., at Gambrell &
Associates, PLLC.  At the time of filing, the Debtor had estimated
both assets and liabilities ranging from $100,000 to $500,000.  The
case is assigned to Judge Jason D. Woodard.


EXIDE TECHNOLOGIES: 3rd Cir. Affirms Dismissal of C. Frazier Suit
-----------------------------------------------------------------
In the appeals case captioned CRAIG FRAZIER, Appellant, v. EXIDE
TECHNOLOGIES, No. 17-2399 (3rd Cir.), the U.S. Court of Appeals,
Third Circuit affirmed the U.S. District Court for the Eastern
District of Pennsylvania's order dismissing Frazier's complaint.

Frazier claims the District Court erred when it prevented him from
seeking recovery from an Employment Practices Liability insurance
policy issued to Exide by CHUBB. The undisputed facts of the case
demonstrate otherwise. CHUBB had no duty to cover Exide under the
policy because it was a "claims made" policy and Exide did not
notify CHUBB of Frazier's claim. Since there was no coverage, it's
immaterial whether federal bankruptcy law would have permitted
Frazier to proceed against CHUBB notwithstanding the discharge of
his claim against Exide. And even assuming, as Frazier argues, that
Exide was obliged to disclose the existence of the CHUBB Policy
under Rule 26(a)(1)(A)(iv) of the Federal Rules of Civil Procedure,
its failure to do so could not expand CHUBB's contractual
obligations under the policy, which did not extend to Frazier's
claim. Accordingly, the Court must affirm the judgment of the
District Court.

A copy of the Third Circuit's Opinion dated June 6, 2018 is
available at https://bit.ly/2tXp68x from Leagle.com.

                   About Exide Technologies

Headquartered in Milton, Ga., Exide Technologies (NASDAQ: XIDE) --
http://www.exide.com/-- manufactures and distributes lead acid
batteries and other related electrical energy storage products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002, and exited bankruptcy two years
after.

Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones
LLP, represented the Debtors in their successful restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang Ziehl
& Jones LLP as counsel; Alvarez & Marsal as financial advisor;
Sitrick and Company Inc. as public relations consultant and GCG as
claims agent.  Schnader Harrison Segal & Lewis LLP was tapped as
special counsel.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC serves as its bankruptcy consultants
and financial advisors.  Geosyntec Consultants was tapped as
environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.

Exide said its Plan of Reorganization became effective on April 30,
2015, and that the Company has emerged from Chapter 11 as a newly
reorganized company.  The Bankruptcy Court for the District of
Delaware confirmed the Plan on March 27, 2015.


FAIRMONT PARTNERS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Fairmont Partners, LLC
        4900 Hatch Blvd
        Sheffield, AL 35660

Business Description: Fairmont Partners, LLC is a privately held
                      company in Sheffield, Alabama operating in
                      the hotel and lodging industry.

Chapter 11 Petition Date: July 10, 2018

Case No.: 18-82014

Court: United States Bankruptcy Court
       Northern District of Alabama (Decatur)

Judge: Hon. Clifton R. Jessup Jr.

Debtor's Counsel: Stuart M. Maples, Esq.
                  MAPLES LAW FIRM, PC
                  200 Clinton Avenue W., Suite 1000
                  Huntsville, AL 35801
                  Tel: 256 489-9779
                  Fax: 256-489-9720
                  Email: smaples@mapleslawfirmpc.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Willis Pumphrey, Jr., managing member.

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

  https://www.scribd.com/document/383634889/Alnb18-82014-Creditors

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

       https://www.scribd.com/document/383634944/alnb18-82014


FANSTEEL INC: Asks Court to Conditionally OK Joint Plan Outline
---------------------------------------------------------------
Fansteel Foundry Corporation, fdba Wellman Dynamics Corp., filed a
motion asking the U.S. Bankruptcy Court for the Southern District
of Iowa to conditionally approve its disclosure statement jointly
proposed with the Official Committee of Unsecured Creditors.

The Debtor also asked the Court to combine the hearings on the
final approval of the disclosure statement and the confirmation of
the liquidation plan.

The Debtor and the Committee assert that conditional approval of
their Joint Combined Disclosure Statement and Plan of Liquidation
and the combination of the hearings on final approval of the
Disclosure Statement and confirmation of the Plan are appropriate
and in the best interest of creditors and parties in interest in
the Bankruptcy Case.

The Plan provides primarily for the distribution of the Plan
Carve-Out and Litigation Claims Recoveries by the Liquidation
Trustee on behalf of the Liquidation Trust.

Class 9 General Unsecured Claims will be paid by the Liquidation
Trustee from the proceeds of the Creditor Note and from Available
Cash. The Liquidation Trustee will make distribution on Allowed
General Unsecured Claims from the Creditor Note and Available Cash
on the later of (i) the Effective Date, or as soon as practicable
after the Effective Date or (ii) as to a Disputed Claim, five days
after entry of a Final Order Allowing such Claim. If there is
insufficient Available Cash on the Effective Date to pay such
Claims, the first Distribution to this Class will be made by the
Liquidation Trustee from Available Cash and the Creditor Note as
set forth in the Plan on a semi-annual basis.

The Plan is being funded by the Plan Carve-Out, Cash on hand with
the Debtor, other Cash as may be recovered as Litigation Claims
Recoveries, the Creditor Note, and the TCTM Financial FS LLC Plan
Funding. The Plan Proponent believes that with the foregoing
funding of the Plan, there will be sufficient cash to effectuate
the Plan and consummate it.

A full-text copy of the Joint Disclosure Statement is available
at:

     http://bankrupt.com/misc/iasb16-01825-11-759.pdf

Counsel for the Official Committee of Unsecured Creditors and Plan
Proponent:

     Kristina M. Stanger, Esq
     Nyemaster Goode, P.C.
     700 Walnut Street, Suite 1600
     Des Moines, IA 50323
     Tele: (515) 283-8009
     Fax: (515) 283-8045
     kmstanger@nyemaster.com

          -and-

     Stephen M. Packman, Esq.
     Archer & Greiner, P.C.
     One Liberty Place
     1630 Market Street, Thirty-Second Floor
     Philadelphia, PA 19103-7393
     Tele: (215) 246-3147
     Fax: (215) 963-9999
     spackman@archerlaw.com

             About Fansteel and Affiliates

Headquartered in Creston, Iowa, Fansteel, Inc., manufactures
aluminum and magnesium castings for the aerospace and defense
industries.  Fansteel has four locations in the USA and one in
Mexico and has a workforce of more than 600 employees.  Fansteel
generated $87.4 million in revenue in 2015 on a consolidated
basis.

Wellman Dynamics Corporation contributed 67% of Fansteel's sales.
The rest of the sales are generated from Intercast, a division of
Fansteel, and other non-debtor subsidiaries.

Fansteel, Wellman Dynamics, and Wellman Dynamics Machinery &
Assembly, Inc., filed Chapter 11 petitions (Bankr. S.D. Iowa Case
Nos. 16-01823, 16-01825 and 16-01827) on Sept. 13, 2016.  The
petitions were signed by Jim Mahoney, CEO.  The cases are assigned
to Judge Anita L. Shodeen.  The Debtors disclosed total assets of
$32.9 million and total debt of $41.97 million.

The companies tapped Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset
Partners, LLC as business broker; and Mark J. Steger, Esq., at the
Clark Hill Law Firm, as Environmental Counsel.

The companies filed motions to jointly administer the cases
pursuant to Bankruptcy Rule 1015(b), and the court ordered the
joint administration on Oct. 17, 2016.  The court subsequently
entered an order on May 24, 2017, vacating its Oct. 17 order and
discontinuing the joint administration of the cases under the lead
case of Fansteel.

On Sept. 23, 2016, the U.S. Trustee for Region 12 appointed an
official committee of unsecured creditors in Fansteel's bankruptcy
case.  The committee retained Morris Anderson & Associates, Ltd.,
as financial advisor; and Archer & Greiner, P.C. and Nyemaster
Goode, P.C., as counsel.

In March 2017, the U.S. trustee announced that the unsecured
creditors' committee of Fansteel would no longer serve as the
official committee in its case and that it would be reconstituted
as the official committee of unsecured creditors in the Chapter 11
cases of Wellman Dynamics and Wellman Dynamics Machinery.  As of
March 22, 2017, a new creditors' committee has not yet been
appointed in Fansteel's bankruptcy case.

Wellman Dynamics filed a Chapter 11 plan of reorganization and
disclosure statement on Jan. 11, 2017.  On May 8, 2017, the
creditors' committee of Wellman Dynamics filed a rival Chapter 11
plan of liquidation for the company.


FIRST FRUITS: Chapter 11 Bankruptcy Case Remains in North Carolina
------------------------------------------------------------------
Bankruptcy Judge David M. Warren entered an order denying the
Bankruptcy Administrator's motion to transfer the chapter 11
bankruptcy case captioned IN RE: FIRST FRUITS HOLDINGS, LLC,
Chapter 11, Debtor, Case No. 18-02135-5-DMW (Bankr. E.D.N.C.) to
the District of Idaho.

In the motion, BA Marjorie K. Lynch, Esq. submits that the District
of Idaho is a more appropriate venue for this bankruptcy case due
to the location of the Debtor's assets and creditors. In its
Objection, the Debtor notes that its majority member shareholders,
Mr. Mark H. Black and Mr. John T. Fowler, are responsible primarily
for the Debtor's operations and are both located within the Eastern
District of North Carolina.

In support of the motion, the BA and joining creditors cite a
recent and similar case in which the neighboring United States
Bankruptcy Court for the Western District of North Carolina
transferred venue to the District of North Dakota, where the
debtor's meaningful assets and business activities were located.
In this case, the jointly administered debtors had a principal
place of business in Charlotte, North Carolina but operated in
North Dakota a full-service hotel with restaurant, bar, and
conference facilities. While the corporation and principal with
primary decision-making authority were located in Charlotte, most
decisions were made in collaboration with or deferred to an Iowa
corporation that oversees the day-to-day on-site operation of the
hotel. The principal periodically visited the hotel, and the court
believed that future visits could be coordinated to coincide with
attending bankruptcy hearings in North Dakota.

At first glance, the BA's and joining creditors' arguments that
venue for this case is more appropriate in Idaho seem logical given
that the business operated in Idaho and its assets remain there;
however, after hearing Mr. Fowler's testimony and considering the
Commonwealth Oil Factors -- Proximity of Creditors, Proximity of
Debtor, Proximity of Witnesses, Location of Assets, Economic
Administration of Estate, and Ancillary Administration if
Liquidation Occurs -- in concert with the anticipated process for
the case, the court concludes that a transfer of venue is not
warranted.

Transferring venue of a bankruptcy case should not be taken
lightly, and a debtor's choice of forum is entitled to great weight
if venue is proper. Parties seeking a transfer of that venue "bear
the burden of proof and must show by a preponderance of the
evidence that the interest of justice or the convenience of the
parties would be served by a transfer of [the] case." The BA and
joining creditors concede that the Debtor's case was properly
commenced within this district, and these parties have not met
their burden or convinced the court that it should disturb the
Debtor's choice of venue.

A full-text copy of the Court's Order dated June 6, 2018 is
available at https://bit.ly/2tTJWp8 from Leagle.com.

First Fruits Holdings, LLC, Debtor, represented by Joseph Zachary
Frost, Stubbs & Perdue, P.A. & Trawick H. Stubbs, Jr., Stubbs &
Perdue, P.A.

           About First Fruits Holdings, LLC

First Fruits Holdings, LLC dba Four Rivers Onion Packing is a North
Carolina company in the business of purchasing, packing and
reselling onions. Four Rivers has been packing onions since 1976.
The Company's onions are sold to consumers across the country and
also shipped to markets such as Korea and Japan on occasion.

The Debtor filed for chapter 11 bankruptcy protection (Bankr.
E.D.N.C. Case No. 18-02135) April 27, 2018, with total assets of
$4.51 million and total liabilities at $5.27 million. The petition
was signed by John T. Fowler, managing member.


FIRSTENERGY SOLUTIONS: To Sell Retail Unit to Exelon for $140M
--------------------------------------------------------------
FirstEnergy Solutions Corp. has agreed to sell its retail and
wholesale load-serving business to Constellation, a subsidiary of
Exelon Corporation (NYSE: EXC), for a purchase price of $140
million in cash, subject to certain purchase price adjustments. FES
has approximately 900,000 Commercial & Industrial and Residential
customers in six states in the Midwest and Mid-Atlantic, primarily
Ohio and Pennsylvania and serves 41 terawatt-hours of electricity
load.

The transaction with Constellation does not include the transfer of
(i) FES cash collateral posted with various counterparties or (ii)
FES working capital. In total, FES expects to realize total cash
proceeds of approximately $280 million, subject to certain purchase
price adjustments, including the return of cash collateral and
collection of retained net working capital.

The sale will be accomplished pursuant to a court-supervised
Section 363 bankruptcy auction process. FES has filed a motion with
the Bankruptcy Court overseeing its chapter 11 cases for approval
of auction and bid procedures that will permit other interested
parties to submit competitive bids for the retail and wholesale
load serving business.

The sale is subject to receipt of other necessary approvals,
including Hart-Scott-Rodino.  If approved, the companies expect to
close the transaction in the fourth quarter of 2018.

Throughout the sale process, FES will continue to supply energy and
service to all customers without interruption. "We believe this
transaction is another important step in our restructuring plan,"
said Kevin Warvell, Vice President and Chief Financial Officer of
FES. "If approved, we will work with Constellation to ensure the
transition of customer accounts is seamless. During the sale
process, our daily operations will continue as usual, and we will
continue to provide our customers with the uninterrupted service
they demand. Taking care of customers is and will remain our number
one priority."

"This agreement would provide an opportunity to grow our retail
business in strategically attractive markets where we're best
suited to match load served with Exelon generation assets," said
Mark Huston, President of Constellation's National Retail Business.
"FirstEnergy Solutions has a reputation for delivering value to
customers, and our combined business would continue that tradition
with a broad array of energy products and services at competitive
prices."

Akin Gump Strauss Hauer & Feld LLP is serving as legal counsel and
Lazard is serving as investment banker to FES with respect to this
sale and during FES's chapter 11 restructuring.


FORASTERO INC: Hearing on Proposed Plan Outline Set for Aug. 7
--------------------------------------------------------------
Bankruptcy Judge Robert A. Mark will convene a hearing on August 7,
2018 at 11:00 A.M. to consider approval of Forastero, Inc.'s
disclosure statement in connection with its chapter 11 plan dated
June 21, 2018.

The last day for filing and serving objections to the disclosure
statement is July 31, 2018.

As previously reported by the Troubled Company Reporter, under the
proposed plan of reorganization, all allowed Class 5 general
unsecured claims will be paid 100% of the pre-bankruptcy amount
actually due based on the company's schedules and proofs of claim
filed within 15 days of the effective date of the plan.

A copy of the disclosure statement is available for free at:

       http://bankrupt.com/misc/flsb18-13397-49.pdf

                       About Forastero Inc.

Forastero, Inc., listed its business as a single asset real estate
as defined in 11 U.S.C. Section 101(51B).

Based in Coral Gables, Florida, Forastero filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 18-13397) on March 23, 2018.
In the petition signed by Marie C. Vallejo, authorized
representative, the Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities.

The case is assigned to Judge Robert A Mark.

Richard R. Robles, Esq., and Nicholas G. Rosoletti, Esq., at the
law firm Richard R Robles, PA, serve as the Debtor's counsel.
Reiner & Reiner, P.A., is the special counsel.


GARDENS REGIONAL: Seeks Court Approval of Proposed Plan Outline
---------------------------------------------------------------
According to a notice, Gardens Regional Hospital and Medical
Center, Inc., and the Official Committee of Unsecured Creditors
filed a joint motion for an order approving the proposed disclosure
statement for the Debtor's joint chapter 11 plan of liquidation.

The Debtor and the Committee also asked the Court to establish
procedures for solicitation and tabulation of votes to accept or
reject the Joint Chapter 11 Plan of Liquidation; establish the
deadline for the receipt of ballots; and establish procedures with
respect to, and the deadline for filing objections to, the
confirmation of the Plan.

The Disclosure Statement is the product of the Debtor's and
Committee's review and analysis of the Debtor's records, the
circumstances leading to this Chapter 11 Case, the case itself, and
a thorough analysis of the Plan. In drafting the Disclosure
Statement, the Debtor and Committee sought the assistance and input
of their financial and/or legal advisors.

The Disclosure Statement contains, or will contain prior to
solicitation, the pertinent information necessary for holders of
impaired claims to make an informed decision about whether to vote
to accept or reject the Plan, including, among other things,
information regarding: (i) the Plan; (ii) the history of the
Debtor, including certain events leading to the commencement of the
Chapter 11 Case; (iii) the operation of the Debtor's business; (iv)
the Debtor's prepetition capital structure and indebtedness; (v)
the Debtors' corporate structure; (vi) claims asserted against the
Debtor's estate and the procedures for the resolution of disputed,
contingent, and unliquidated claims; (vii) a liquidation analysis
and other financial information; (viii) the contemplated
administration of the Debtor's estate following confirmation of the
Plan; (ix) certain federal income tax law consequences of the Plan;
(x) the classification and treatment of claims and equity
interests; (xi) the provisions governing distribution under the
Plan; and (xii) the means for implementation of the Plan.

The Debtor and Committee submit that the Disclosure Statement
complies with all aspects of Section 1125 of the Bankruptcy Code.

A copy of the Motion is available at:

     http://bankrupt.com/misc/cacb2-16-17463-1242.pdf

                  About the Hospital

Gardens Regional Hospital and Medical Center, Inc., formerly known
as Tri-City Regional Medic'l Center, doing business as Gardens
Regional Hospital and Medical Center leases a 137- bed, acute care
hospital doing business at 21530 South Pioneer Boulevard, Hawaiian
Gardens, Los Angeles, California. It provides a full range of
inpatient and outpatient services, including, but not limited to,
medical acute care, general surgical services, bariatric surgery
services (for weight loss), spine surgery services, orthopedic and
sports medicine and joint replacement services, wound care and pain
management services, physical therapy, respiratory therapy,
outpatient ambulatory services, diagnostic services, radiology and
inpatient/outpatient imaging services, laboratory and pathology
services, geriatric services, and community wellness and education
programs.

Gardens Regional filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Cal. Case No. 16-17463) on June 6, 2016, estimating its assets
between $1 million and $10 million, and liabilities between $10
million and $50 million.  The petition was signed by Brian Walton,
chairman of the Board.  Judge Ernest M. Robles presides over the
case.  Samuel R Maizel, Esq., and John A Moe, Esq., at Dentons US
LLP, serve as the Debtor's bankruptcy counsel.

The Office of the U.S. Trustee has appointed an official committee
of unsecured creditors of Gardens Regional Hospital and Medical
Center, Inc.  As of September 2016, the remaining members of the
committee are Rob Speeney of Cardinal Health 200, LLC, and Robert
Zadek of Lenders Funding, LLC.


GEO COTEC: July 24 Plan, Disclosure Statement Hearing
-----------------------------------------------------
Bankruptcy Judge John K. Sherwood conditionally approved Geo Cotec
Corp.'s small business disclosure statement explaining its chapter
11 plan dated June 14, 2018.

July 17, 2018 is fixed as the last day for filing and serving
written objections to the disclosure statement and confirmation of
the plan, and the last day for filing written acceptances or
rejections of the plan.

A hearing will be held on July 24, 2018 at 10:00 a.m. for final
approval of the disclosure statement and for confirmation of the
plan at the U.S. Bankruptcy Court, District of New Jersey, 50
Walnut  Street, Newark, New Jersey in Courtroom D.

                    About Geo Cotec Corp.

Geo Cotec Corp -- https://www.geocoteccorp.com -- offers retail and
chain stores marketing solutions and beauty trend data from South
Korea to maintain the domestic United States market up to date on
latest trends.

Geo Cotec Corporation, based in Englewood, New Jersey, filed a
Chapter 11 petition (Bankr. D.N.J. Case No. 17-22910) on June 23,
2017.  In its petition, the Debtor estimated $1 million to $10
million in both assets and liabilities. The petition was signed by
Sang Park, president.

The Hon. John K. Sherwood presides over the case.  David Edelberg,
Esq., at Cullen and Dykman LLP, serves as bankruptcy counsel.


GGI PROPERTIES: Wins Clawback Suit vs City of Milville
------------------------------------------------------
In the adversary proceeding captioned GGI Properties, LLC,
Plaintiff, v. City of Millville, Defendant, Adv. No. 16-1202-ABA
(Bankr. D.N.J.), Bankruptcy Judge Andrew B. Altenburg, Jr., entered
a judgment in favor of GGI Properties as to Counts One and Three of
the complaint. As a result, a determination as to Count Two is
unnecessary.

The court previously determined that a transfer of property to a
municipality pursuant to a tax sale and foreclosure, where there
was no competitive bidding, can constitute a fraudulent conveyance,
not barred by the United States Supreme Court's holding in BFP v.
Resolution Trust Corp. The court additionally concluded that the
transfer could constitute an avoidable preference under 11 U.S.C.
section 547(b). It thus denied the Motion for Summary Judgment
filed by City of Millville on those grounds. But as it further
found that there was a genuine issue of material fact regarding the
value of the property transferred on Dec. 31, 2015 (the time of the
transfer via foreclosure) and March 8, 2016 (the petition date), it
set trial on that issue. The trial having concluded and the parties
having submitted memoranda of law, the court now values the
property at $530,000. It finds that the debtor, GGI Properties did
not receive reasonably equivalent value for the transfer, therefore
the transfer can be avoided as constructively fraudulent.

The court further finds that GGI was insolvent or became insolvent
at the time of the transfer. It agrees with the City that some of
GGI's scheduled debts look suspicious as possibly belonging to
insiders that may have made capital contributions rather than
loans. But suspicion is not proof, and the City did not present any
evidence of the beneficiaries of the two-member family trusts to
rebut GGI's assertion of insolvency. Moreover, GGI's schedules
reflect that at the time of the transfer, its debts were greater
than all of its property. Again, the City did not present any
evidence to rebut this. Finally, if not already insolvent,
certainly the transfer of arguably its only asset left GGI
insolvent.

Thus, the transfer was constructively fraudulent as there has been
a transfer to the City of an interest of GGI in property within 2
years before the date of the filing of the petition, which GGI did
not receive reasonably equivalent value, and at the time of the
transfer, GGI was or became insolvent. Accordingly, the transfer
can be avoided pursuant to Section 548 of the Bankruptcy Code. The
Court, therefore, grants judgment in favor of GGI as to Count One
of the complaint.

In Count Three, though the court finds that the property's
improvements continue to decline in value in light of the disparity
between the parties' positions regarding the property's value, it
finds that the most equitable remedy is to return the property to
GGI and to allow GGI to address the City's prepetition claim
through its plan of reorganization. If GGI proves the court wrong
as to value (i.e. that it is worth $600,000 or more), then that
higher value will also inure to the benefit of the City by paying
its administrative expense claim consisting of its post-petition
taxes. This remedy also avoids the municipality having to come up
with cash, which could adversely impact its budget and operations.
In addition, GGI argues the cash settlement as an alternative
justified by the City's bad faith -- a conclusion the court does
not agree with.

A full-text copy of the Court's Memorandum Decision dated June 6,
2018 is available at https://bit.ly/2KwFy9Z from Leagle.com.

GGI Properties, LLC, Plaintiff, represented by Ira Deiches --
ideiches@deicheslaw.com -- Deiches & Ferschmann & Todd W. Heck ,
Testa Heck Testa & White, P.A.

City of Millville, Defendant, represented by Nona Ostrove --
nostrove@ostrovelaw.com -- Law Offices of Nona L. Ostrove, LLC.

GGI Properties, LLC filed for chapter 11 bankruptcy protection
(Bankr. D.N.J. Case No. 16-14328)on March 8, 2016, and is
represented by Ira Deiches, Esq. of Deiches & Ferschmann.


GLYECO INC: Corrects Stock Split Effective Date to July 10
----------------------------------------------------------
In a Form 8-K filing with the U.S. Securities and Exchange
Commission, GlyEco, Inc. disclosed that it had been informed by the
Financial Industry Regulatory Authority that its previously
announced reverse stock split of its common stock, par value
$0.0001 per share, immediately followed by a forward stock split of
the common stock was effected at the close of business July 10,
2018, as opposed to after the close of business on July 9.

The ratio for the reverse stock split is fixed at 1-for-500 and the
ratio for the forward stock split is fixed at 4-for-1, resulting in
a net reverse split of 125 for 1.

Effective July 11, the stock commenced trading at the post
reverse/forward split price.  The corporate action is subject to
customary reviews and/or approvals.

The Company's trading symbol on the OTC will change to "GLYED" for
a period of 20 trading days, after which the "D" will be removed
from the Company's trading symbol, which will revert to the
original trading symbol of "GLYE".  In connection with the
reverse/forward stock split, the CUSIP number for the common stock
will be changed to 38000P 203.

The general terms of the reverse/forward stock split were approved
by the Company's stockholders at the Nov. 14, 2017 Annual Meeting
of Stockholders and the specific ratios and timing were approved by
the Company's Board of Directors.

As part of effectuating the reverse stock split, all stockholders
who hold less than 500 shares will have the right to be paid cash
by the Company based on the average closing price of the Company's
common stock for the five trading days through July 10, 2018.

As part of effectuating the forward stock split, all stockholders
who hold 500 or more shares before the reverse stock split will
receive 1 or more shares at the forward split ratio.  The Company
will round up all fractional shares after the forward split.

Stockholders are not required to, but may elect to, exchange their
pre-split share certificates for post-split share certificates. The
Company's transfer agent, Olde Monmouth Stock Transfer Co. Inc.,
will adjust stockholder records to reflect the impact of the
reverse/forward stock split, including cash outs.

The par value and other terms of the Company's common stock will
not be affected by the reverse/forward stock split.  The authorized
capital of the Company will also not be affected by the
reverse/forward stock split.

All options, warrants and unvested shares of the Company
outstanding immediately prior to the reverse/forward stock split
will be appropriately adjusted to reflect the splits.

The reverse/forward stock split will reduce the number of shares of
the Company's common stock currently outstanding from approximately
166.6 million shares to approximately 1.33 million shares.

Until effective, the Company maintains the right to cancel, modify
or delay the reverse/forward stock split.

                       About GlyEco, Inc.

GlyEco, Inc. -- http://www.glyeco.com/-- is a developer,
manufacturer and distributor of performance fluids for the
automotive, commercial and industrial markets.  The Company
specializes in coolants, additives and complementary fluids.  The
Company's network of facilities, develop, manufacture and
distribute products including a wide spectrum of ready to use
anti-freezes and additive packages for the antifreeze/coolant, gas
patch coolants and heat transfer fluid industries, throughout North
America.  The Company is headquartered in Rock Hill, South
Carolina.

Glyeco incurred a net loss of $5.18 million for the year ended Dec.
31, 2017, compared to a net loss of $2.26 million for the year
ended Dec. 31, 2016.  As of March 31, 2018, GlyEco had $13.05
million in total assets, $10.11 million in total liabilities and
$2.93 million in total stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2017, citing that the
Company has experienced recurring losses from operations, has
negative operating cash flows during the year ended Dec. 31, 2017,
has an accumulated deficit of $41,996,598 as of Dec. 31, 2017 and
is dependent on its ability to raise capital.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


HARRIS FINANCIAL: July 18 Accelerated Hearing on Plan Outline
-------------------------------------------------------------
Bankruptcy Judge Eddward P. Ballinger, Jr., entered an order
setting an accelerated hearing on Harris Financial, LLC's
disclosure statement explaining its plan of reorganization.

The hearing is set on July 18, 2018 at 11:00 a.m., at the United
States Bankruptcy Court, 230 N. First Ave, Courtroom 703, Phoenix,
AZ 85003.

As reported by the Troubled Company Reporter, secured creditor
Wilmington Trust will be paid $4,595.55 every month starting on
July 1, 2018, and ending on June 30, 2048 at the interest rate of
2.95% under the new plan. The prior plan proposed to pay Wilmington
Trust $2,663.24 each month starting on June 1, 2018, and ending on
June 30, 2021, at the interest rate of 3%.

A full-text copy of the Amended Disclosure Statement is available
at:

       http://bankrupt.com/misc/azb18-02508-45.pdf

                   About Harris Financial LLC

Harris Financial, LLC is a privately-held company headquartered in
Gilbert, Arizona.  Its principal assets are located at 33963 Cape
Cove, Dana Point, California.  The company is a small business
Debtor as defined in 11 U.S.C. Section 101(51D).

Harris Financial sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 18-02508) on March 15,
2018.  Michael Harris, Jr., managing member, signed the petition.

At the time of the filing, the Debtor disclosed $885,063 in assets
and $1.21 million in liabilities.  

Keith M. Knowlton, L.L.C. is the Debtor's bankruptcy counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


HELIOS & MATHESON: Obtains Covenant Waiver from Noteholder
----------------------------------------------------------
Helios and Matheson Analytics, Inc. entered into a waiver agreement
on July 10, 2018, with Hudson Bay Master Fund Ltd.

Hudson Bay holds convertible notes issued by the Company on Nov. 7,
2017, Jan. 23, 2018, and June 26, 2018.

Pursuant to the Waiver Agreement, the Holder, in its capacity as
the Required Holder under the Securities Purchase Agreements
pursuant to which the Existing Notes were issued:

     (i) waived any obligation by the Company to effect any
redemption of the Existing Notes as a result of the consummation of
a proposed public offering of securities by the Company,

    (ii) reduced the aggregate number of shares required to be
reserved for issuance upon conversion of the November Notes and the
January Notes,

   (iii) deferred the right that the holders of the Existing Notes
may have to adjust the Conversion Price of those Existing Notes
solely as a result of the issuance of securities in the New
Proposed Offering until the fourth trading day after the time of
the pricing of the New Proposed Offering,

    (iv) consented to the New Proposed Offering, and

     (v) waived any prohibition with respect to the issuance of the
securities in the New Proposed Offering.

                     About Helios and Matheson

Helios and Matheson Analytics Inc. -- http://www.hmny.com/-- is a
provider of information technology services and solutions, offering
a range of technology platforms focusing on big data, business
intelligence, and consumer-centric technology.  More recently, to
provide greater value to stockholders, the Company has sought to
expand its business primarily through acquisitions that leverage
its capabilities and expertise.  The Company is headquartered in
New York City, has an office in Miami Florida and has an office in
Bangalore India.  The Company's common stock is listed on The
Nasdaq Capital Market under the symbol "HMNY".

Helios and Matheson reported a net loss of $150.8 million for the
year ended Dec. 31, 2017, compared to a net loss of $7.38 million
for the year ended Dec. 31, 2016.  As of March 31, 2018, the
Company had $177.1 million in total assets, $179.9 million in total
liabilities and a total stockholders' deficit of $2.76 million.

The report from the Company's independent accounting firm Rosenberg
Rich Baker Berman, P.A., in Somerset, New Jersey, on the
consolidated financial statements for the year ended Dec. 31, 2017,
includes an explanatory paragraph stating that the Company has
suffered recurring losses from operations and negative cash flows
from operating activities.  This raises substantial doubt about the
Company's ability to continue as a going concern.


HELP KIDS: Disclosures OK'd; Aug. 9 Plan Confirmation Hearing
-------------------------------------------------------------
Bankruptcy Judge Rene Lastreto, II, approved Help Kids, Inc.'s
disclosure statement dated May 15, 2018.

Acceptance or rejection of the Plan must be in writing and
delivered not later than July 26, 2018.

Any objection to confirmation of the Plan must be filed and served
not later than July 26, 2018.

A hearing on confirmation of the Plan will be held on August 9,
2018 at 10:30 a.m. in the Bankruptcy Court, 510 19th Street,
Bakersfield, California.

The Troubled Company Reporter previously reported that the Debtor
has made payments each month to secured creditors since filing its
Chapter 1 1 case. The payments to secured creditors were made from
income generated by the operation of Debtor's business. The
Debtor's payments to secured creditors through May 15, 2018 totaled
$16,500. The Debtor's payments to secured creditors reduced the
debt owed to the secured creditors and helped to ensure the
survival of Debtor's business.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/caeb18-10390-44.pdf

                   About Help Kids Inc.

Help Kids, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Calif. Case No. 18-10390) on February
6, 2018.  Judge Rene Lastreto II presides over the case.  At the
time of the filing, the Debtor disclosed that it had estimated
assets of $1,000,001 to $10 million and liabilities of less than $1
million.


HPE TRANSPORTATION: Plan Outline Hearing Set for Aug. 17
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia will
convene a hearing on August 17, 2018 at 9:30 a.m. to consider the
adequacy of HPE Transportation, LLC's disclosure statement dated
June 22, 2018.

Objections to the adequacy of the disclosure statement must be
filed in writing on or before seven days prior to the date of the
hearing.

              About HPE Transportation, LLC

HPE Transportation, LLC filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Va. Case No. 17-50784) on May 26, 2017.  The Hon.
Frank J. Santoro presides over the case.? Crowley, Liberatore,
Ryan & Brogan, P.C., represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to? $10 million
in both assets and liabilities. The petition was signed by Paul
Meiseles, manager/sole member.


ICONIX BRAND: BlackRock Lowers Stake to 1.3% as of June 30
----------------------------------------------------------
BlackRock, Inc. disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of June 30, 2018, it
beneficially owns 892,273 shares of common stock of Iconix Brand
Group Inc., which represents 1.3 percent of the shares outstanding.
A full-text copy of the regulatory filing is available for free at
https://is.gd/P7WRz5

                       About Iconix Brand

Broadway, New York-based Iconix Brand Group, Inc. --
http://www.iconixbrand.com/-- is a brand management company and
owner of a diversified portfolio of over 30 global consumer brands
across the women's, men's, entertainment, home and international
segments.  The Company's business strategy is to maximize the value
of its brands primarily through strategic licenses and joint
venture partnerships around the world, as well as to grow the
portfolio of brands through strategic acquisitions.  Iconix Brand
owns, licenses and markets a portfolio of consumer brands
including: Candie's, Bongo, Joe Boxer, Rampage, Mudd, London Fog,
Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc
Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter,
Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee
Cooper, and Artful Dodger; and interests in Material Girl, Ed
Hardy, Truth or Dare, Modern Amusement, Buffalo, Hydraulic, and
PONY.

Iconix Brand incurred a net loss attributable to the Company of
$489.3 million in 2017, a net loss attributable to the Company of
$252.1 million in 2016 and a net loss attributable to the Company
of $186.5 million in 2015.  As of March 31, 2018, Iconix Brand had
$852.4 million in total assets, $832.5 million in total
liabilities, $29.79 million in redeemable non-controlling interest
and a $9.86 million total stockholders' deficit.

The Company stated in its 2017 Annual Report that due to certain
developments, including the decision by Target Corporation not to
renew the existing Mossimo license agreement following its
expiration in October 2018 and by Walmart, Inc. not to renew the
existing Danskin Now license agreement following its expiration in
January 2019, and the Company's revised forecasted future earnings,
the Company forecasted that it would unlikely be in compliance with
certain of its financial debt covenants in 2018 and that it may
otherwise face possible liquidity challenges in 2018.  The Company
said these factors raised substantial doubt about its ability to
continue as a going concern.  The Company's ability to continue as
a going concern is dependent on its ability to raise additional
capital and implement its business plan.


IRON BRIDGE: Financing of Discounted Fund Disclosed in New Plan
---------------------------------------------------------------
Iron Bridge Tools, Inc., filed a disclosure statement in support of
its amended plan of reorganization dated June 26, 2018.

This filing provides that a cash payment amount of $1,360,000 will
be deposited and distributed for distribution by the Reorganized
Debtor to Class 7 creditors who have elected to receive a pro-rata
discounted distribution. If the Discounted Fund is paid at any time
after the date it is due pursuant to the Plan, with any cure
period, then the total amount of the Discounted Fund shall be
$1,460,000. Along with other consideration, including but not
limited to claim subordination and relinquishment of partial equity
in the Debtor, and in exchange for the releases, retention of
equity and contribution to the Plan, the Debtor's principal and
pre-petition shareholder Glenn Robinson will be jointly and
severally liable for the payment of the first $680,000 of the
Discounted Fund.

Payment of the Discounted Fund will be secured by all assets vested
in the Reorganized Debtor on the Effective Date of the Plan. Marc
Barmat, or such other fiduciary approved by the Court, will act as
Liquidating Agent under the Plan. The Liquidating Agent will by
virtue of the plan have a lien and promissory note as agent for the
Class 7 creditors subordinate only to secured creditors who retain
liens pursuant to this Plan.

In the event of a default in the Payment of the Discounted Fund,
the Liquidating Agent will serve a written notice of default upon
the Debtor and Debtor's counsel by email and first class US Mail.
In the event that the Discounted Fund is not paid on or before 14
days following transmission of the notice of default by email, then
the Liquidating Agent will file a notice of plan default with the
Court. The Court will set a hearing on the notice of plan default,
and upon the Court's determination that an uncured default in the
payment of the Discounted Fund exists as of the date of the
hearing, then the Liquidating Agent shall be entitled to enforce
the lien pursuant to applicable law, and shall seek entry of an
order approving the sale procedures. With the proceeds of such sale
first being applied to the reasonable costs of sale and fees of the
Liquidating Agent, second to payment of up to $1,460,000 on account
of the Discount Fund, third to payment of any outstanding
Administrative Fees and Costs, fourth to any unpaid obligations
under this Plan and only upon payment of all obligations under this
plan shall there be a distribution to Class 8 claimants. The
Liquidating Agent may, but will not be required to, file a UCC-1
with respect to the lien provided for herein.

A copy of the Latest Disclosure Statement is available at:

      http://bankrupt.com/misc/flsb16-17505-339.pdf

A copy of the Amended Plan is available at:

      http://bankrupt.com/misc/flsb16-17505-338.pdf

                About Iron Bridge Tools

Iron Bridge Tools, Inc., is a Florida corporation, founded in 2006.
The Debtor manufactures and wholesales hand tools with operations
in Florida, Georgia, California, Canada and China.  Iron Bridge
Tools manufactures for major retailers and designers such as Home
Depot, Skil, OVC, Best Buy, Target, OSH, Advance Auto Parts, ROSS,
Carquest among others.  Its current corporate headquarters is
located at 6820 Lyons Technology Circle, Suite 250, Coconut Creek,
Florida 33073.  

Iron Bridge Tools filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 16-17505) on May 25, 2016.  The petition was signed by
Glenn Robinson, president.  The Debtor estimated assets of $1
million to $10 million and debts of $10 million to $50 million.

Judge Raymond B. Ray presides over the case.  

Craig A. Pugatch, Esq., at Rice Pugatch Robinson Storfer & Cohen,
PLLC, is the Debtor's counsel.

The Debtor employed Frank Smith, Esq., at FMS Lawyer Law Firm as
its special litigation and transactional counsel; Dan M. Delarosa,
Esq., as its special patent counsel; Emil Braca, Esq., as its
special intellectual property infringement and investigation
counsel; and Michael Moecker & Associates, Inc. as financial
advisor.

On June 21, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee tapped
Eyal Berger, Esq., at Akerman LLP as its legal counsel.

On May 5, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.


JARRETT HOUSE: Aug. 7 Hearing on Plan Confirmation
--------------------------------------------------
Bankruptcy Judge George R. Hodges approved The Jarrett House,
Inc.'s amended disclosure statement referring to a chapter 11 plan
dated May 1, 2018.

July 30, 2018 is fixed as the last day for filing written
acceptances or rejections of the plan and the last day for filing
and serving written objections to confirmation of the plan.

August 7, 2018 at 10:00 AM is fixed for the hearing on confirmation
of the plan at U.S. Courthouse, Main Courtroom, First Floor, 100
Otis Street, Asheville, NC 28801-2611.

                    About The Jarrett House

The Jarrett House, Inc., is a privately-held company engaged in the
real estate business.  It is the fee simple owner of a hotel and
rental house located at 518 Haywood Road, Sylva, North Carolina,
valued at $1.89 million.

Jarrett House sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D.N.C. Case No. 17-20099) on Oct. 23, 2017.  In the
petition signed by Constantine Roumel, president, the Debtor
disclosed $2.79 million in assets and $2.45 million in liabilities.
Judge George R. Hodges presides over the case.  Pitts, Hay &
Hugenschmidt, P.A., is the Debtor's bankruptcy counsel.


KONA GRILL: Hires BDO USA as Auditors
-------------------------------------
The Audit Committee of the Board of Directors of Kona Grill, Inc.,
has engaged BDO USA, LLP as the Company's independent registered
public accounting firm.

During the Company's two most recent fiscal years and the
subsequent interim period through July 10, 2018, neither the
Company nor anyone on its behalf consulted with BDO with respect to
either (i) the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company's consolidated
financial statements, and no written report or oral advice was
provided to the Company that BDO concluded was an important factor
considered by the Company in reaching a decision as to the
accounting, auditing, or financial reporting issue or (ii) any
matter that was the subject of either a "disagreement".

                       About Kona Grill

Kona Grill, Inc., headquartered in Scottsdale, Arizona, Kona Grill,
Inc. ? http://www.konagrill.com/? currently owns and operates
46 restaurants in 23 states and Puerto Rico.  Additionally, Kona
Grill has three restaurants that operate under a franchise
agreement in Dubai, United Arab Emirates; Vaughan, Canada and
Monterrey, Mexico.

Kona Grill incurred a net loss of $23.43 million in 2017 and a net
loss of $21.62 million in 2016.  As of March 31, 2018, Kona Grill
had $87.01 million in total assets, $83.84 million in total
liabilities and $3.16 million in total stockholders? equity.

The Company has incurred losses resulting in an accumulated deficit
of $79.7 million, has a net working capital deficit of $7.6 million
and outstanding debt of $37.8 million as of Dec. 31, 2017.  The
Company said in its 2017 Annual Report that these conditions
together with recent debt covenant violations and subsequent debt
covenant waivers and debt amendments, raise substantial doubt about
its ability to continue as a going concern.


KY LUBE: Plan and Disclosures Hearing Set for July 19
-----------------------------------------------------
Bankruptcy Judge Thomas H. Fulton conditionally approved KY Lube
LLC's disclosure statement referring to its chapter 11 plan.

A final hearing on the approval of the disclosure statement and
hearing on confirmation of the chapter 11 plan is scheduled for
July 19, 2018 at 10:00 a.m. (Eastern Time) in Courtroom #2, Fifth
Floor, Gene Snyder Courthouse, 601 W. Broadway, Louisville,
Kentucky.

Objections to the disclosure statement and/or confirmation of the
plan must be filed no later than seven days prior to the hearing.

Judge Thomas H. Fulton of the U.S. Bankruptcy Court for the Western
District of Kentucky issued an order conditionally approving the
disclosure statement explaining the Chapter 11 plan filed by Ky
Lube LLC.

July 19, 2018 at 10:00 a.m., is scheduled for the final hearing on
the approval of the disclosure statement and hearing confirmation
of the plan.

General unsecured creditors are classified in Class 4, and will
receive a distribution of 5% of their allowed claims, to be
distributed as follows:

Between the Effective Date and the date that is five years after
the Effective Date, Debtor will make available for distributions to
holders of allowed Class 4 Claims the amount necessary to pay each
allowed Class 4 Claim, with no interest, 5% of their allowed claim.
Commencing 30 days after the Effective Date and continuing every
90 days thereafter, each holder of an allowed Class 4 Claim will
receive cash payments from Debtor representing all or a portion of
the holder's pro-rata share of the funds available for distribution
to members of Class 4. The Debtor will make quarterly payments to
Class 4 general unsecured creditors in the total amount of $611.46

Further, Mr. Christopher Yoo (an insider) has a general unsecured
claim for loans he personally made to Debtor in the total amount of
$596,838. The Debtor will pay Mr. Yoo $0.00 on that claim under the
Plan until all of the other Class 4 Claims are paid their full
amount under the Plan. Once the non-insider general unsecured
creditors are paid 5% on their claim, Mr. Yoo will be entitled to
receive 5% on his claim.

The Debtor expects that its post-confirmation operations will
generate revenues sufficient to satisfy and discharge both its
obligations established by the Plan and those obligations incurred
in the course of post-confirmation operations.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/kywb17-32876-98.pdf

                      About KY Lube LLC

The Kentucky Jiffy Lubes is locally owned and operated Jiffy Lubes
that service the Louisville and Lexington communities.  Its core
offering is the Jiffy Lube Signature Service Oil Change.

Based in Lexington, Kentucky, KY Lube LLC filed a Chapter 11
petition (Bankr. W.D. Ky. Case No. 17-32876).  The Debtor estimated
less than $1 million in assets and liabilities.


LA FUENTE HOME: Bankruptcy Court Rejects Bid for Summary Judgment
-----------------------------------------------------------------
Bankruptcy Judge Eduardo V. Rodriguez denied plaintiff La Fuente
Home Health Services, Inc. and defendant Tom Price's motions for
summary judgment in the case captioned LA FUENTE HOME HEALTH
SERVICES, INC., Plaintiff, v. SYLVIA MAT HEWS BURBLE, et al,
Defendants, Adversary No. 16-07012 (Bankr. S.D. Tex.).

Both La Fuente and Price, Secretary of the United States Department
of Health and Human Services, seek summary judgment pursuant to
Fed. R. Civ. P. 56.

Here, the Court finds that La Fuente's summary judgment evidence
does not address whether HHS' asserted right to recoupment was a
secured or unsecured claim. Therefore, a genuine issue of material
fact exists as to whether HHS' asserted right to recoupment is
based on a secured or unsecured claim. Thus, the Court must deny
summary judgment to La Fuente on the issue of whether notice solely
of the commencement of the case is sufficient to put HHS on inquiry
notice to object to confirmation of the Plan.

HHS motion, on the other hand, seeks a determination that La
Fuente's receipt of reimbursement for post-petition services under
its Medicare provider agreement is an integrated transaction with
La Fuente's prepetition services. HHS has not filed an answer or
counterclaim seeking such relief.

The Court has previously held that it has subject matter
jurisdiction to determine if the Plan is binding on HHS and
Palmetto GBA, L.L.C. The Plan vested the property of the bankruptcy
estate in the Reorganized Debtor on the Effective Date. However, to
the extent the Plan is not binding on HHS, its right to recoupment,
if any, would lie against the Reorganized Debtor, rather than the
long-closed bankruptcy estate. The Court lacks statutory subject
matter jurisdiction to grant HHS the relief it seeks. Thus, the
Court must deny HHS' motion for summary judgment.

The bankruptcy case is in re: LA FUENTE HOME HEALTH SERVICES, INC.,
Chapter 11, Debtor, Case No. 14-70265 (Bankr. S.D. Tex.).

A full-text copy of the Court's Memorandum Opinion dated June 6,
2018 is available at https://bit.ly/2KRFQEv from Leagle.com.

La Fuente Home Health Services, Inc., Plaintiff, represented by
Adolfo Campero, Jr. , Campero & Associates, P.C.

Sylvia Mathews Burwell, Defendant, represented by David Louis
Guerra, Office of the US Attorney.

Palmetto GBA, L.L.C., Defendant, pro se.


LOVE GRACE: Gets Court Approval of Plan to Exit Bankruptcy
----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Louisiana on
June 28 approved the plan proposed by Love Grace Holdings, Inc., to
exit Chapter 11 protection.

The court gave the thumbs-up to the Chapter 11 plan of
reorganization after finding that it satisfied the requirements for
confirmation under section 1129 of the Bankruptcy Code.

Under the latest plan, each creditor holding an allowed Class 2
general unsecured claim will be paid quarterly in cash its pro-rata
share of certain amounts over six years pursuant to this schedule:
(i) a distribution of $25,000 per quarter on year one, (b) a
distribution of $31,250 per quarter on year two, and (iii) a
distribution of $87,500 per quarter on years three, four, five and
six, for a total distribution of $1.625 million.

Payments will commence at the end of the first full quarter that is
60 days after the effective date (for example, if the effective
date is August 2018, quarterly payments will commence in January
2019).  

Class 2 is impaired and general unsecured creditors are entitled to
vote to accept or reject the plan, according to Love Grace's latest
plan filed on June 28.   

A copy of the amended plan is available for free at:

        http://bankrupt.com/misc/lamb17-10057-385.pdf

                     About Love Grace Holdings

Love Grace Holdings, Inc., doing business as Apricot Lane and Blu
Spero Boutique, operates a series of retail clothing outlets in
malls.  The locations are in Florida, Alabama, Louisiana, and
Mississippi.

Love Grace Holdings filed a Chapter 11 petition (Bankr. M.D. La.
Case No. 17-10057) on Jan. 20, 2017.  The petition was signed by
Arthur A. Lancaster, Jr., president and sole shareholder.  The case
is assigned to Judge Douglas D. Dodd.  The Debtor estimated assets
and liabilities at $1 million to $10 million.

The Debtor is represented by Greta M. Brouphy, Esq., and Douglas S.
Draper, Esq., at Heller, Draper, Patrick, Horn & Dabney, LLC.

On Feb. 6, 2017, the U.S. trustee for Region 5 appointed an
official committee of unsecured creditors.  The Committee hired
Paul Douglas Stewart, Jr., Esq., at Stewart Robbins & Brown, LLC,
as its legal counsel.

No trustee or examiner has been appointed or designated in the
case.


MAGNOLIA OIL: Fitch Assigns 'B' IDR & Rates 1st Lien Debt 'BB'
--------------------------------------------------------------
Fitch Ratings has assigned first-time long-term Issuer Default
Ratings (IDRs) of 'B' to Magnolia Oil & Gas Corp. (MGY) and
Magnolia Oil & Gas Operating, LLC. Fitch has also assigned a
'BB'/'RR1' rating to the company's first lien senior secured
revolver and a 'BB-'/'RR2' rating to its senior unsecured notes.
The Rating Outlook is Stable.

The 2026 senior unsecured notes will be issued by Magnolia Oil &
Gas Operating, LLC and Magnolia Oil & Gas Finance Corp. (a
co-issuer without material assets, operations or revenues). The
notes will be guaranteed by MGY and other subsidiaries. Proceeds
will be used to pay for the cash portion of the business
combination whereby MGY will acquire the Karnes County assets,
Giddings assets, and other assets, as well as for any redemptions
by TPGE Class A common stockholders. Any remaining net proceeds
will be used for general corporate purposes.

Magnolia's ratings reflect its strong asset base, anchored by its
position in the core of the Eagle Ford liquids window in Karnes
County; high exposure to liquids (78% of production); low
break-evens ($28-$32/bbl); favorable pricing differentials
(realized oil prices are close to LLS given the Eagle Ford's access
to export markets on the Gulf coast); and conservative financial
policy. Rating concerns include the company's small size; limited
acreage position in the Karnes field; lack of diversification as a
pure play; lack of hedging, and the initial execution risk
associated with a new management team taking control of the assets.
Over the longer term, there is also execution risk surrounding the
Giddings Field given its limited history with horizontal wells and
higher clay content, but initial well results are promising.

KEY RATING DRIVERS

Robust Asset Profile: MGY has a small but robust asset profile in
the Eagle Ford, comprised primarily of Karnes County and the
Giddings Field. The bulk of MGY's proved reserves and value are in
Karnes County, which is in the core of the liquids window of the
Eagle Ford. Karnes County has a high liquids ratio (in Q1, 71% oil,
85% liquids) and accounts for most of MGY's output and proved
reserves. Management estimated break-evens in Karnes County are in
the $28-$32/boe range for the Austin Chalk and Lower Eagle Ford
formations. The Giddings field is an older conventional field on
the edge of the Eagle Ford, which is an emerging horizontal shale
play. Its production mix is 55% liquids (29% oil) and 45% natural
gas but includes a much larger acreage footprint. Both assets have
ample takeaway capacity and potential for further efficiency gains.
As calculated by Fitch, as of Q1, MGY's overall reserve life stood
at approximately 11.2 years (11.4 years for the Karnes assets on a
standalone basis). With that said, the Karnes net acreage position
is small, and Fitch expects the company is likely to supplement it
through M&A.

Strong Realizations: Price realizations for MGY's production are
relatively robust, given the Eagle Ford's access to export markets
on the Gulf Coast. MGY's oil production enjoys waterborne-linked
LLS benchmark pricing, which has enjoyed a premium to WTI.
Discounts for Eagle Ford natural gas prices to benchmark Henry Hub
are also relatively light.

Operator Status/HBP Acreage: MGY has operator status on a majority
of its acquired properties and holds most of its acreage by
production. This helps the company control the pace and timing of
future development, and limits the amount of leasehold drilling it
must perform. Both of these factors should help increase its capex
flexibility. Of MGY's 14,070 net acres in Karnes, 90% is HBP and
65% operated, while of its 345,027 net acres in the Giddings field,
99% is HBP and 87% operated.

Conservative Capital Structure: MGY is expected to have a
conservative initial capital structure, comprised of a secured $1.0
billion revolver with an initial borrowing base of $550 million,
and senior unsecured 2026 notes of $400 million. Under its base
case, Fitch expects the company will see leverage of less than 1.0x
across the forecast cycle. Fitch anticipates MGY will be
acquisitive but that it will not lever up on a permanent basis to
fund its deals. Fitch expects the company's debt/flowing barrel
will also be strong relative to peers given MGY's low debt, and the
company will be substantially FCF positive over the next few years.
However, uncertainty remains about the company's long-term policy
around capital allocation.

Smaller Size and Limited Diversification: Magnolia Oil is a small
pure-play E&P. At approximately 45,700 boepd and proved reserves of
187 million boe, it is somewhat below the size of pure-play high
yield peers, and well below the level of larger, better capitalized
peers in the Eagle Ford including EOG, and Marathon Oil. MGY has a
reasonable inventory of drilling locations, however, gross acreage
in the core Karnes play is very limited (just 14,070 net acres, or
4% of MGY's total acreage).

Lack of Hedging: In contrast to many of its high yield peers, MGY
does not intend to hedge commodity prices. The company's belief is
that the combination of low financial leverage, robust break-evens,
and strong projected FCF mitigate the need to hedge by creating
additional financial flexibility elsewhere in the business model.
Commodity hedging is not required by MGY's credit facility
syndicate. The company had a small amount of legacy hedges
associated with the Karnes County assets, which Fitch anticipates
will roll off.

M&A Risk: Fitch expects acquisitions will be a significant future
use of MGY's discretionary cash, particularly in the Karnes area
given MGY's smaller acreage footprint, and the availability of
potential bolt-on deals from adjacent operators. With that said,
Fitch expects any deals will be conservatively funded either with
cash on hand or temporary borrowings on the RBL. Fitch also expects
that management's M&A focus will generally be on properties with
near-term cash flowing potential, which would help minimize the
impact of deals through increased top line growth.

Execution Risk: While MGY's leadership is well seasoned, as a blank
check company TPGE will be a new operator of the acquired Envervest
assets, and there is a period of execution risk as the new team
establishes its track record. To mitigate this, MGY has signed a
broad services agreement with previous owner Enervest to retain key
employees as well as back office support. The Giddings field also
has a notable amount of execution risk associated with it, given
the higher clay content of portions of the play, and the fact only
a limited number of horizontal wells have been drilled to date.

DERIVATION SUMMARY

MGY is reasonably positioned versus other single B high-yield E&P
peers. Its size of 45,700 boepd is smaller than Extraction Oil &
Gas (B+/Stable) and SM Energy (NR), but larger than peers such as
Jones Energy (CCC-/Stable). MGY's geographic diversification is low
given its position as a single basin pure play E&P, but this is
consistent with the single basin focus seen among other peers rated
'B'. However, the company's FCF profile is robust, given its high
exposure to liquids (62% oil, 78% liquids); low break-evens
($28-$32), above average price realizations, and limited
reinvestment needs. MGY's financial policy is also expected to be
conservative, as it targets debt/EBITDA of less than 1.0x and Fitch
expects the company's metrics will be at or below that level over
the next several years in its current base case. The company's
go-forward policy of not hedging also stands out versus peers rated
'B", but is offset by the company's favorable cost structure and
limited capex requirements.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within its Rating Case for the Issuer

  -- WTI oil price of $65 in 2018, $60 in 2019, and $55 in 2020 and
the long term;

  -- Henry Hub natural gas prices of $2.75/mcf in 2018 and
$3.00/mcf for the rest of the forecast period;

  -- Production of approximately 48.4kbpd in 2018, rising to
66.4kbpd by 2021;

  -- Capex averaging just under $350 million across the forecast
period;

  -- Acquisitions of $100 million per year across the forecast
period;

  -- Business combination and related transactions close prior to
May 2019 deadline.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Continued maintenance of conservative financial policies and
metrics;

  -- Increasing size and scale;

  -- Increased production size (daily production approaching 70,000
boepd) along with adequate reserve replacement;

  -- Greater certainty around the company's capital allocation
strategy.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- An impaired liquidity profile or unfavorable borrowing base
redetermination;

  -- A major operational or regulatory issue impacting the
company's operations;

  -- A large leveraging transaction or share buyback program
indicating a change in financial policy

  -- Debt/flowing barrel greater than 35,000 bpd.

LIQUIDITY

At March 31, 2018, on a pro forma basis after giving effect to the
transaction, including the expected $400 million senior unsecured
offering, the company would have had $100.6 million in cash. On a
go-forward basis, the company's primary sources of liquidity are
expected to be FCF from the business, as well as liquidity from its
senior secured revolver ($1 billion instrument, initial borrowing
base of $550 million). Fitch expects that the company will use the
RBL primarily to fund acquisitions.

Strong Recovery: The recovery valuation for Magnolia was based on
the maximum of going concern (GC) value and liquidation value, in
line with Fitch's corporate recovery criteria. To determine going
concern value, Fitch assumed a projected going concern EBITDA of
$551 million and a 4.2x multiple. The $551 million going concern
EBITDA represents Fitch's conservative expectations for the
company's exit EBITDA generation in a stress case scenario
($47.50/barrel WTI, $2.75/mcf Henry Hub gas) environment. The 4.2x
multiple is well below the historical 6.7x median multiple seen
across Fitch's most recent bankruptcy case studies for energy
names, but slightly above the 4.0x multiple used for single B
peers, and reflects both the company's higher liquids-weighted
production of the company as well as its small size and execution
risk at this stage of its development. Total GC value was $2,314
million.

To determine liquidation value, Fitch incorporated both a proved
reserve based valuation approach, and traded asset approaches. The
proved reserve approach was based on the estimated PV-10 value of
the company's proved reserves (just under $2.0 billion using
historical pricing at YE 2017, and moderately higher using YE strip
pricing). The traded asset approach was based on a review of recent
E&P transaction multiples on a $/flowing barrel and $/proved boe
basis. These multiples were broadly consistent with the range of
PV-10 values mentioned. Other Fitch related standard adjustments
for accounts receivables and cash were made to the liquidation
portion of the valuation analysis, resulting in total liquidation
value of $2,183 million.

After determining that the GC approach provided the maximum value,
a standard waterfall approach was applied. After subtracting 10%
for administrative claims, the remaining value was applied to the
waterfall analysis. The company's senior secured RBL was assumed to
have first priority. That facility has a $1.0 billion limit and
$550 million borrowing base. Fitch assumed that in a bankruptcy
scenario, the borrowing base was likely to be trimmed by the banks
and assumed $500 million was drawn, leaving the RBL to recover at
the 100% level (BB/RR1). Following that, the company's $400 million
in senior unsecured notes also recovered at the 100% level;
however, in line with its corporate notching and Recovery Ratings
criteria, Fitch capped the recovery for the unsecured notes at +2
above the IDR (BB-/RR2).

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

Magnolia Oil & Gas Corp:

  -- Long Term IDR 'B'.

Magnolia Oil & Gas Operating, LLC:

  -- Long Term IDR 'B';

  -- First Lien senior secured revolver: 'BB'/'RR1';

  -- Senior unsecured notes: 'BB-'/'RR2'.


MDM PHYSICAL: Unsecureds to Get 100% at 2% in 60 Monthly Payments
-----------------------------------------------------------------
MDM Physical Therapy, LLC, filed a combined disclosure statement
and plan of reorganization dated June 26, 2018.

Under the plan, holders of general unsecured claims in Class 5 will
be paid 100% of their claims in 60 monthly installments with
interest at 2% simple beginning the latter of 60 days after the
effective date, or beginning on the first of the month succeeding
the date upon which the claims in class 1 are paid. This class is
impaired under the Plan. Payments made to Common Creditors by
Related Debtor(s) to a specific creditor for a joint or guaranteed
claim under another the plan of any related party shall be credited
to amounts payable under this Plan and vice versa.

The Plan of reorganization will be funded through the Debtor's
operations. The feasibility of the Plan depends on the Debtor's
ability to continue in operation.

The Debtor provides a projection as to its anticipated income
stream and its expenses. In addition, the projection reflects
payments to priority and administrative creditors as well as
secured creditors. As soon as payments to administrative creditors
are completed, payments to unsecured creditors will commence. The
projections anticipate reduced cash flow for the summer months and
an increase in cash flows in the winter months. Accordingly, the
Debtor will increase payments to unsecured creditors during the
winter months and will decrease payments to unsecured creditors
during the summer months. An appropriate cushion is built in to the
figures to allow for unexpected expenses such as a possible
breakdown of equipment.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/azb2-18-01596-58.pdf

                About MDM Physical Therapy

Founded in 2001, MDM Physical Therapy LLC is a small organization
in the health practitioners industry located in Gilbert, Arizona.

MDM Physical Therapy sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 18-01596) on Feb. 21,
2018.  At the time of the filing, the Debtor estimated assets and
liabilities of less than $500,000.

Judge Paul Sala presides over the case.  

Richardson & Richardson, P.C. is the Debtor's bankruptcy counsel.
Solomon CPAs & Financial Services, PLLC, as financial advisor.


MIDWEST PORTABLE: Court Approves 2nd Amended Disclosures
--------------------------------------------------------
Bankruptcy Judge Basil H. Lorch III approved Midwest Portable
Machine, Inc.'s second amended disclosure statement relating to its
amended plan filed May 14, 2018.

A hearing to consider confirmation of the plan and any objection or
modification to the plan will be held on August 22, 2018 at 10:00
AM CDT at Rm. 359 Federal Building 101 NW M.L. King Blvd.
Evansville, IN 47708.

Any objection to the confirmation of the plan must be filed and
served on or before August 1, 2018.

Any ballot accepting or rejecting the plan must be delivered on or
before August 1, 2018.

The Troubled Company Reporter previously reported that the Debtor
has signed an asset purchase agreement with Renew Hydraulics, Inc.
under the amended plan.

The Asset Purchase agreement calls for the sale of substantially
all of the assets of the Debtor for the total purchase price of
$250,000. The sale will be pursuant to the order of the Bankruptcy
Court in this proceeding under Chapter 11 of the Bankruptcy Code.

A full-text copy of the Amended Disclosure Statement is available
at:

         http://bankrupt.com/misc/insb17-70587-80.pdf

                  About Midwest Portable Machine

Midwest Portable Machine, Inc., is an Indiana Corporation organized
under the laws of the State of Indiana and conducting business
within the State of Indiana at its plant in Booneville, Indiana.
The Debtor's business relates to repairing heavy equipment and
machinery primarily for the coal industry.

Midwest Portable Machine filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Ind. Case No. 17-70587) on June 13, 2017.  John Andrew
Goodridge, Esq., who has an office in Evansville, Indiana, serves
as the Debtor's bankruptcy counsel.

No committee of unsecured creditors has been appointed.


OCEAN CLUB: Plan Confirmation Hearing Set for Aug. 3
----------------------------------------------------
Judge Henry A. Callaway of the U.S. Bankruptcy Court for the
Northern District of Florida conditionally approved Ocean Club of
Walton County, Inc.'s disclosure statement, dated June 21, 2018, to
accompany its chapter 11 plan.

July 27, 2018, is fixed as the last day for filing and serving
written objections to the disclosure statement and is fixed as the
last day for filing acceptances or rejections of the plan.

A confirmation hearing will be held on August 3, 2018 at 10:00 AM.
A telephonic status conference will be held on August 1, 2018, at
2:00 p.m. (CDT) to determine whether the confirmation hearing will
be held telephonically or live at the U.S. Bankruptcy Courthouse
for the Northern District of Florida, 100 N. Palafox Street,
Courtroom 1, Pensacola, Florida 32502.

The Troubled Company Reporter previously reported that creditors
holding allowed Class 3 unsecured claims will receive payment of
their claims through a distribution of their pro rata share of the
company's net income over the life of the plan. These creditors
will receive five annual payments, commencing one year from the
effective date.

A copy of the disclosure statement is available for free at:

        http://bankrupt.com/misc/flnb17-31019-147.pdf

                    About Ocean Club

Headquartered in Miramar Beach, Florida, Ocean Club of Walton
County, Inc. -- http://theoceanclubdestin.com/-- operates the
Ocean Club seafood restaurant located at the entrance to Tops'l
Beach & Racquet Resort and across the street from Sandestin Golf
and Beach Resort in Destin.  The restaurant's menu includes Smoked
Scottish Salmon, Steamed Prince Edward Island Mussels Provencale,
Buttermilk Fried Calamari, and Shrimp Cocktail.  The Ocean Club
prides itself on providing live entertainment from the Emerald
Coast artists.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Fla. Case No. 17-31019) on Nov. 14, 2017, estimating its assets at
between $500,000 and $1 million and liabilities at between $1
million and $10 million.  The petition was signed by Cary Shahid,
president.  Judge Jerry C. Oldshue Jr. presides over the case.

Jodi Daniel Cooke, Esq., at Stichter, Riedel, Blain & Postler,
P.A., serves as the Debtor's bankruptcy counsel.


OREXIGEN THERAPEUTICS: Sale of Assets Delays Plan Filing
--------------------------------------------------------
Orexigen Therapeutics, Inc., asks the U.S. Bankruptcy Court for the
District of Delaware to extend the periods during which only the
Debtor has the exclusive right to file a Chapter 11 plan through
and including Oct. 8, 2018, and to extend the period during which
the Debtor has the exclusive right to solicit acceptances thereof
through and including Dec. 7, 2018.

A hearing on the Debtor's request will be held on July 17, 2018, at
10:00 a.m. (ET).  Objections to the request must be filed by July
10, 2018, at 4:00 p.m. (ET).

From day one, the Debtor's primary objective in this case has been
to maximize the value of its estate for the benefit of its
creditors and other stakeholders.  To accomplish this, the Debtor
focused all of its efforts on maximizing the value of its assets
through a sale process, and is now on the cusp of accomplishing
this goal as it proceeds toward approval of the sale to the
stalking horse purchaser.  Furthermore, the Debtor has worked with
a number of significant parties in interest to resolve their claims
against the Debtor's estate, including reaching an agreement in
principle with the Official Committee of Unsecured Creditors.


Section 1121(b) of the U.S. Bankruptcy Code provides for an initial
period of 120 days after the commencement of a Chapter 11 case
during which a debtor has the exclusive right to propose and file a
plan.  Section 1121 (c)(3) of the Bankruptcy Code provides that if
the debtor proposes and files a plan within the initial 120-day
exclusive period, the debtor then has 180 days after the
commencement of the Chapter 11 case to solicit and obtain
acceptances of the plan exclusively.

The Debtor is approaching the deadline set forth in Section 1121 of
the Bankruptcy Code, which gives a debtor in possession the
exclusive right to file a plan of reorganization for 120 days.
While the Debtor is making significant progress toward a plan, it
has not yet filed or confirmed a plan.  The Debtor needs additional
time to complete the plan negotiation and confirmation process.

Cause exists to extend the Exclusive Periods in this Chapter 11
case.  First, the Debtor and its professionals have made
significant progress in moving the case to a successful completion,
including spending considerable time addressing numerous issues
involving customers, creditors, and other parties in interest.

Since the Petition Date, the Debtor has, among other things: (a)
procured postpetition financing; (b) prepared and filed its
Schedules of Assets and Liabilities and Statement of Financial
Affairs; (c) entered into an asset purchase agreement with the
stalking horse purchaser for the sale of substantially all of the
Debtor's assets; (d) obtained Court orders to (i) retain certain
professionals and ordinary course professionals and (ii) establish
procedures for the interim compensation of professionals; (e)
reached an agreement in principle with the Committee to resolve all
claims of the Committee against the Debtor and the Prepetition
Secured Noteholders; and (f) negotiated extensively with other
parties in interest.

The Debtor has worked carefully and closely with parties including
the prepetition secured noteholders, the DIP lenders, and the
Committee.  As a result, the Debtor is still working on a plan for
this Chapter 11 case, and will require additional time to craft a
plan that implements the Debtor's singular focus on what is best
for the Debtor's estate and its creditors.  The extension request
is reasonable, and is consistent with the efficient prosecution of
the Chapter 11 case in that it will provide the Debtor with
necessary time to consider issues, finalize negotiating and
drafting a plan, and solicit acceptances thereof.  

The Debtor warns that allowing the Exclusive Periods to lapse now
would defeat the very purpose of Section 1121 and deprive the
Debtor and its creditors of the benefit of a meaningful and
reasonable opportunity to negotiate and confirm a consensual plan.


The Debtor assures the Court that creditors will not be harmed by
extending exclusivity at this time.  This is the Debtor's first
motion to extend the Exclusive Periods, and it is only for 90 days.
The Debtor intends to use the extended Exclusive Periods to, among
other things, finalize a proposed Chapter 11 plan and disclosure
statement and negotiate with the Committee and other parties in
interest.  If the Debtor can complete confirmation in the time
allotted by this exclusivity extension it will confirm a plan less
than nine months after the Petition Date.

                  About Orexigen Therapeutics

Based in La Jolla, California, Orexigen Therapeutics, Inc. --
http://www.orexigen.com/-- is a biopharmaceutical company focused
on the treatment of weight loss and obesity.  It is a publicly
traded company with its shares listed on The NASDAQ Global Select
Market under the ticker symbol "OREX".  The company has 111
employees in the U.S.

Orexigen Therapeutics sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 18-10518) on March 12,
2018.  In its petition signed by Michael A. Narachi, president and
CEO, the Debtor disclosed $265.1 million in assets and $226.4
million in liabilities.

Judge Kevin Gross presides over the cases.

The Debtor tapped Hogan Lovells US LLP as bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel; Ernst &
Young LLP as financial advisor; Perella Weinberg Partners as
investment banker; and Kurtzman Carson Consultants LLC as claims
and noticing agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, appointed three
creditors to serve on the official committee of unsecured
creditors.


PANTAGIS DINER: July 26 Disclosure Statement Hearing
----------------------------------------------------
Judge Kathryn C. Ferguson of the U.S. Bankruptcy Court for the
District of New Jersey is set to hold a hearing on July 26, 2018 at
2:00 p.m. to consider the adequacy of Pantagis Diner, LLC's
disclosure statement.

Written objections to the adequacy of the Disclosure Statement must
be filed no later than 14 days prior to the hearing.

                  About Pantagis Diner

Based in Edison, New Jersey, Pantagis Diner, LLC --
http://pantagisdiner.com/--is a small organization in the
restaurants industry founded in 2008.  The restaurant offers
sandwiches, wraps and paninis, burgers, and Italian cuisine and
seafood.

Pantagis Diner sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 17-33944) on Nov. 28, 2017.  In the
petition signed by Stephen A. Pantagis, its sole member, the Debtor
disclosed $850,000 in assets and $1.20 million in liabilities.
Judge Kathryn C. Ferguson presides over the case.


PEARL MERGER: Moody's Gives B3 CFR, Outlook Stable
--------------------------------------------------
Moody's Investors Service assigned new ratings for Pearl Merger
Sub, Inc., including a B3 Corporate Family Rating (CFR) and B3-PD
Probability of Default Rating (PDR). Concurrently, Moody's assigned
B1 ratings to each of the proposed $60 million senior secured first
lien revolving credit facility and $410 million first lien term
loan, in addition to a Caa1 rating to the proposed $135 million
senior secured second lien term loan. The ratings outlook is
stable.

The new loans are being issued as part of a transaction whereby
affiliates of Madison Dearborn Partners, LLC (MDP) are acquiring
SIRVA, Inc. As part of the broader transaction, SIRVA, Inc. will
acquire another provider of relocation services, which is based in
Europe, for about $97 million (83 million Euros). At the close of
the transaction, Pearl Merger Sub, Inc. will merge with SIRVA,
Inc., the latter of which will be the surviving entity. Immediately
thereafter, SIRVA Worldwide, Inc. (a subsidiary of SIRVA, Inc.)
will assume the new debt. For purposes of the credit discussion,
Moody's will refer to Pearl Merger Sub, Inc., SIRVA, Inc., and
SIRVA Worldwide, Inc. collectively as "SIRVA." The transaction is
expected to close in late July 2018.

Assignments:

Issuer: Pearl Merger Sub, Inc.

Probability of Default Rating, Assigned B3-PD

Corporate Family Rating, Assigned B3

Senior Secured First Lien Bank Credit Facility, Assigned B1 (LGD3)


Senior Secured Second Lien Bank Credit Facility, Assigned Caa1
(LGD5)

Outlook Actions:

Issuer: Pearl Merger Sub, Inc.

Outlook, Assigned Stable

The following ratings remain unchanged and will be withdrawn at the
closing of the transaction and the repayment in full of the
existing bank credit facilities:

Issuer: SIRVA Worldwide, Inc.

Corporate Family Rating of B2

Probability of Default Rating of B2-PD

Senior Secured First Lien Term Loan of B2 (LGD3)

Outlook, at stable

Following consummation of the buyout and the assumption of the new
debt by SIRVA Worldwide, Inc., all ratings and the outlook at Pearl
Merger Sub, Inc. will be withdrawn and the same assigned at SIRVA
Worldwide, Inc.

RATINGS RATIONALE

SIRVA's B3 CFR broadly reflects high leverage, a small net revenue
base, and a strong market position for relocation services. Pro
forma for the transaction, debt/EBITDA measures about 6.4x
(including Moody's standard adjustments and certain non-recourse
liabilities). Moody's expects that net service revenue will
continue to be relatively flat to modestly up on an organic basis
over the next 12-18 months from relatively steady demand in the
mature business segments that serves US-based customers. The
company is well positioned with its integrated service offering and
global presence which supports international relocations. The
company maintains a diversified base of customers with
relationships for relocation services that tend to be sticky as a
result of integration with customer processes and systems. SIRVA
provides its moving services through a large agent network that
supports relocations which enables the company to maintain low
capital expenditures and a lower-fixed cost base, which in turn
provide operating flexibility. The company is subject to cyclical
risk as it is exposed to changes in corporate demand and budgets
for relocating employees. SIRVA could have some real estate
exposure related to home sale assistance services under certain
circumstances primarily through a premium product offered to
qualifying customers and in the event a home buyer is not found
within a designated period of time. However, the company manages to
much lower potential home inventory levels than it did a decade
ago. The acquisition of the European-based relocation services
provider will improve SIRVA's position internationally,
particularly in Europe, while the acquired business' relocation
service offering will benefit from SIRVA's global platform. The
acquired business, as a regionally focused operator, had lost a
number of large customers to global service providers and the
integration with SIRVA's global platform should help stem further
losses. The acquired business has customer concentration as one
represents roughly one third of its net service revenue.

Moody's anticipates that SIRVA will maintain adequate liquidity
over the next 12 months, supported by its new $60 million revolver
due 2023 and positive free cash flow. Two subsidiaries of SIRVA,
Inc. (the parent company of SIRVA Worldwide, Inc.), also maintain
financing arrangements with lenders. These facilities include a
$225 million accounts receivable securitization facility which is
being extended to expire in 2021 and $100 million of mortgage
warehouse facilities which the company is anticipated to renew in
the near-term. Continued access to these facilities is important to
SIRVA's ability to maintain adequate liquidity as well as to
provide certain services to its customers.

The company's $60 million senior secured first lien revolver due
2023 and $410 million first lien term loan due 2025 are each rated
B1, two notches above the CFR, reflecting their priority lien on
the collateral relative to the $135 million senior secured second
lien term loan due 2026, which is rated Caa1, one notch below the
CFR. To the extent that the company were to further increase the
first lien credit facilities and/or decrease the second lien term
loan, the first lien credit facilities could be downgraded to
reflect less cushion from junior debt and/or the second lien term
loan could be downgraded to reflect more senior debt. SIRVA, Inc.
will provide a downstream guarantee to the credit facilities at
SIRVA Worldwide, Inc.

The stable rating outlook reflects Moody's anticipation that
revenue will be relatively flat to modestly up over the next 12-18
months and that the company will maintain credit metrics that
remain supportive of the current rating.

Factors that could lead to an upgrade include growing revenue and
EBITDA; debt/EBITDA below 5.5x and maintenance of a financial
profile supportive of this leverage level; free cash flow
(FCF)-to-debt sustained over 5%; and EBITA/interest over 1.75x.

Factors that could lead to a downgrade include weakened operating
performance; deterioration in liquidity including breakeven to
negative free cash flow; leveraging acquisitions or debt-funded
dividends; EBITA/interest below 1.1x; or increasing real estate
exposure.

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

SIRVA, headquartered in Oakbrook Terrace, Illinois, provides
outsourced relocation and moving services to the corporate,
consumer, and government sectors. Net service revenues for the
twelve months ended March 31, 2018 pro forma for the acquisition
was roughly $650 million (excludes purchased transportation
expenses).


PEDIATRIC ASSOCIATES: Trustee Plan to Pay Unsecureds in Full
------------------------------------------------------------
Adam M. Back, solely in his capacity as Chapter 11 Trustee for
debtor Pediatric Associates of Pikeville, LLC filed a first amended
small business chapter 11 plan with disclosures for the debtor.

PAP is a licensed RHC located in Pikeville, Pike County, Kentucky.
PAP serves as an outpatient clinic for adults and children, and all
patients are seen without regard to ability to pay, with fees based
on a sliding scale. PAP serves approximately 5,100 patients
annually.

The Debtor's Assets as of the Petition Date totaled $270,177.01
including the following: (a) checking accounts valued at $4,177.01;
(b) inventory valued at $1,000; (c) equipment valued at $5,000; (d)
accounts receivable valued at $260,000 ($120,000 estimated as not
collectible) and (e) designation as RHC at unknown value.

As soon as practicable after the Effective Date, the Chapter 11
Trustee or the Plan Administrator shall make a mandatory
distribution in the total sum of $10,000 cash, collectively to the
unsecured creditors of all Affiliated Debtors, including this
Debtor's Class E Unsecured Creditors, on account of their
respective Claims. Thereafter, annually for the duration of the
Plan repayment period, 50% of the total remaining net profits will
be distributed to the Affiliated Debtors' Unsecured Creditors,
including this Debtor's Class E Unsecured Creditors, pro rata, on
account of their respective claims; provided, however, that the
Chapter 11 Trustee does not warrant or guarantee that any such
distribution will be made in a given year.

The Chapter 11 Trustee believes that the total of all valid
Unsecured Claims as to this Debtor is approximately $85,230.82.
Based on the Debtor's projections as relied upon by the Chapter 11
Trustee, Class E Claims are projected to receive 100% recovery on
the Claims within the first five years of the Plan repayment
period.

The Debtor will continue its healthcare operations. Notwithstanding
any prior order, as of the Effective Date, the Chapter 11 Trustee
or Plan Administrator, as applicable, will have the right to
collect and use all revenues and other cash collateral derived from
the operation of the Assets. Further, the Chapter 11 Trustee or
Plan Administrator shall have the right to sell, merge, and/or
terminate the operations of the Debtor and/or any of the Debtor?s
Affiliates, should the Chapter 11 Trustee or Plan Administrator, in
the sound exercise of their business judgment, see fit to do so.

Based on the Debtor's financial projections, the Chapter 11 Trustee
believes the Debtor should have sufficient cash flow to pay all
normal and customary operating expenses and be capable of funding
its plan of reorganization.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/kyeb15-70470-125.pdf

Pediatric Associates of Pikeville, LLC filed for chapter 11
bankruptcy protection (Bankr. E.D. Ky. Case No. 15-70470) on July
21, 2015, and is represented by Jamie L. Harris, Esq. of Delcotto
Law Group PLLC.


PHILOS GLOBAL: Has Until Aug. 31 to File Plan, Disclosures
----------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
District of Illinois extended Philos Global Technologies' time to
file a plan and disclosure statement to and including August 31,
2018.

As previously reported by the Troubled Company Reporter, the Debtor
said it needed additional time to review its operations and its
projections for funding a Plan in light of the claims filed
including, but not limited to, the Internal Revenue Service's claim
in the amount of $244,661, of which $103,028 is claimed a priority
claim; the Illinois Department of Revenue, which filed a claim in
the amount of $32,906, of which $29,774 is claimed a priority
claim; and Itasca Bank & Trust Co., which filed an unsecured claim
in the amount of $416,211.

             About Philos Global Technologies

Based in Buffalo Grove, Illinois, Philos Global Technologies, Inc.,
filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-37543) on
Dec. 19, 2017, estimating under $1 million in both assets and
liabilities.  Joel A. Schechter, Esq., at Law Offices of Joel A.
Schechter, is the Debtor's counsel.


PLH GROUP: S&P Assigns 'B+' Corp. Credit Rating, Outlook Stable
---------------------------------------------------------------
S&P Global Ratings assigned its 'B+' corporate credit rating to PLH
Group Inc. The outlook is stable.

S&P said, "At the same time, we assigned our 'B+' issue-level and
'3' recovery ratings to the company's proposed $200 million senior
secured term loan due in 2023. The '3' recovery rating indicates
our expectation for meaningful recovery (50%-70%; rounded estimate:
65%) in the event of a payment default.

"Our rating on PLH reflects the company's participation in the
competitive and cyclical electric power and energy engineering and
construction markets, modest scale, and ownership by a
private-equity sponsor. The ratings also incorporate our view that
the company will continue to benefit from higher capital spending
by its customers as demand improves due to increased domestic
energy production and the aging of midstream infrastructure and the
U.S. electric grid. We expect credit measures to modestly improve
over our forecast period but to remain appropriate for the current
rating when considering the company's financial sponsor ownership.

"The stable outlook on PLH reflects our assumption that the company
will sustain gradually improving earnings over the next 12 months
due to strength in its end markets and its healthy backlog. We
expect adjusted debt leverage to remain below 4x over the medium
term.

"We could lower our rating on PLH during the next 12 months if its
operating performance is weaker than anticipated and we believe its
adjusted debt-to-EBITDA metric will increase above 5x on a
sustained basis. This could occur, for example, due to unexpected
execution challenges or project losses

"Although unlikely, we could upgrade the company over the next 12
months if its financial sponsor owner sells at least 20% of its
stake, with a clear, actionable plan to relinquish control over the
medium term. Additionally, for an upgrade to occur, our forecasted
debt to EBITDA would be below 4x, with an indication from the
company that it will remain below this level."


PROFAC SERVICES: Moody's Gives B3 CFR & Sr. Sec. Term Loan Rating
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
(CFR) and a B3-PD Probability of Default Rating (PDR) to ProFrac
Services, LLC (ProFrac). Concurrently, Moody's assigned a B3 rating
to ProFrac's proposed $250 million senior secured term loan due
2023. The rating outlook is stable.

ProFrac Services, LLC is a wholly owned subsidiary of ProFrac
Holdings, LLC which is wholly owned by the Wilks Family. Proceeds
from the proposed term loan will be used to refinance existing
indebtedness and partially pay down $101 million of ProFrac's
existing perpetual preferred stock. $118 million of cash from the
proceeds will go towards balance sheet cash to prefund capital
expenditures, and to pay related fees and expenses. The transaction
is expected to close in early August 2018.

"ProFrac's rating reflects its small scale, albeit poised to grow,
short operating history since it was established and cyclicality of
the oil field services (OFS) industry offset by the company's low
financial leverage and the management's prior experience in
hydraulic fracturing business. The company will need to demonstrate
its execution capability and growth strategies in scaling up its
fleet size and sustaining the fleet utilization," commented
Sreedhar Kona, Moody's Senior Analyst. "The projected growth in the
drilling and completion activity and the company's good liquidity
contribute to the stable outlook"

Assignments:

Issuer: ProFrac Services, LLC

Probability of Default Rating, Assigned B3-PD

Corporate Family Rating, Assigned B3

Senior Secured Term Loan B, Assigned B3 (LGD4)

Outlook Actions:

Issuer: ProFrac Services, LLC

Outlook, Assigned Stable

RATINGS RATIONALE

ProFrac's B3 CFR reflects the company's modest market position in a
highly cyclical and commoditized industry. While ProFrac's fleet is
fully deployed following the company's robust new-build program
which increased the horsepower of its fleet by over 2.5x over the
last 12 months, the company has limited operating history at their
current scale. While the company's financial leverage is low at the
closing of transaction, the rating reflects the cyclicality of the
industry and volatility of demand for OFS by exploration and
production (E&P) companies which can result in significant swings
in the company's fleet utilization and operating performance.
Moreover, the hydraulic fracturing service within OFS is highly
competitive with some significantly larger companies that have
greater financial resources, and product and service line
diversity.

ProFrac benefits from its low financial leverage which will trend
towards 1x by the end of 2019. The company has taken advantage of
increased demand for its services by E&P companies in 2017 and
2018. Increased rig activity driven by higher oil prices, a shift
towards modern horizontal drilling techniques with increased stages
per well and an aging fleet across the industry enabled ProFrac to
grow rapidly through 2017 and 2018, however the supply and demand
dynamics could shift within a short period. As new fleets come
online in the sector, there is risk that supply grows faster than
demand resulting in price contraction while labor shortages could
increase operating expenses. However, ProFrac benefits from its
vertically integrated business model with manufacturing and
distribution capabilities, helping the company somewhat
differentiate itself in its ability to manage the delivery
schedules of the fleet.

The $250 million senior secured term loan is rated B3 (the same as
the CFR) under the Moody's Loss Given Default Methodology. The term
loan has a first lien on all the assets of the borrower and
guarantors, including the subsidiaries (except the ABL collateral)
and matures five years from the closing of the transaction. The $50
million Asset Based Loan (ABL) revolving credit facility with a
2023 maturity, has a first lien on all the working capital assets
of the borrower (ABL collateral) and a second lien on all other
assets of the borrower and guarantors. Although the ABL facility
has a first lien priority on the relatively more liquid ABL
collateral, given the small size of the ABL facility as compared to
the term loan, the term loan is rated the same as the CFR.

ProFrac will maintain good liquidity through the end of 2019. At
the close of the transaction, Moody's expects the $50 million ABL
facility to be fully available and can be relied upon for working
capital needs on an ongoing basis. The company will also have $118
million of cash on balance sheet. ProFrac should be able to
generate positive free cash flow to meet its debt service needs
including the term loan amortization, its maintenance capital
expenditures and pay cash taxes. The fleet expansion capital
spending can be met partially through operating cash flow and
partially the balance sheet cash. The term loan facility will not
have any maintenance covenants, however the ABL facility will have
a springing covenant to maintain a minimum a minimum fixed charge
coverage ratio of 1x tested when the excess availability under the
ABL facility is less than 15% of the borrowing base or less than $6
million. The company will also need to maintain a minimum liquidity
of $5 million at all times. Moody's expects the company to be able
to maintain compliance under its financial covenants.

The stable rating outlook reflects Moody's expectation of continued
growth in the drilling and completion activity contributing to
ProFrac's growth in scale. ProFrac's good liquidity also
contributes to the stable outlook.

An upgrade will be considered if the company demonstrates its
execution and operational capability to scale the fleet size
significantly through 2019, and is able to substantially maintain
its utilization of the fleet.

Factors that could lead to a downgrade include significant decline
in the utilization of hydraulic fracturing fleet across the
industry resulting in ProFrac's EBITDA/Interest to dip below 2x,
debt-funded acquisitions, or deterioration in liquidity.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.

ProFrac, headquartered in Fort Worth, Texas, is a private
vertically integrated provider of hydraulic fracturing services to
E&P companies in the United States. The Wilks Family owns 100% of
the company.


QORVO INC: Moody's Rates New Sr. Notes Due 2026 Ba1, Outlook Stable
-------------------------------------------------------------------
Moody's Investors Service rated Qorvo, Inc.'s new Senior Unsecured
Notes due 2026 at Ba1. Qorvo's Ba1 Corporate Family Rating, the Ba1
rating on its existing senior unsecured notes, SGL-2 Speculative
Grade Liquidity rating, and the stable outlook are unchanged.

Proceeds of the New Notes, along with a $300 million draw on the
senior unsecured delayed draw term loan will be used to fund the
repurchase of the existing 6.75% Senior Unsecured Notes due 2023
and up to $150 million of the existing 7.0% Senior Unsecured Notes
due 2025 and to pay associated breakage costs. The rating on the
6.75% Senior Unsecured Notes due 2023 will be withdrawn following
repayment.

Assignments:

Issuer: Qorvo, Inc.

Senior Unsecured Regular Bond/Debenture, Assigned Ba1 (LGD4)

RATINGS RATIONALE

The Ba1 CFR reflects Qorvo's modest leverage, which Moody's expects
to remain below 1.5x debt to EBITDA (Moody's adjusted), its strong
niche position in the smartphone radio frequency ("RF") filter
market, and a portfolio of infrastructure and defense products,
which tend to have longer product life cycles. RF filter providers
are enjoying strong secular growth from both increased smartphone
sales and rapidly increasing RF content per phone. Liquidity is
good and is supported by a $300 million unsecured revolver, which
Moody's expects to remain undrawn, and cash and short term
investments that Moody's expects will remain over $500 million.

Still, the modest leverage and good liquidity are needed to balance
the large revenue concentrations, as their top two customers
comprise over 40% of revenues, and the very short product life
cycles characteristic of the smartphone industry.

The Ba1 rating of the New Notes and the two tranches of existing
senior unsecured notes, which are at the same level as the Ba1 CFR,
reflects the single class of debt and the limited cushion of
subordinated liabilities in the capital structure.

Qorvo's Speculative Grade Liquidity rating of SGL-2 indicates good
liquidity supported by cash, which Moody's expects to be maintained
in excess of $500 million, and FCF, which Moody's expects to be in
excess of $450 million over the next year. These internal sources
of liquidity are supplemented by a $300 million unsecured revolving
credit facility maturing in December 2022, which Moody's expects
will remain undrawn.

The stable outlook reflects Moody's expectation that Qorvo will
generate revenue growth in the mid-single digits percent over the
next 12 months. With this revenue growth and the operating leverage
of the business, and an expectation that Qorvo will refrain from
further debt issuance, debt to EBITDA (Moody's adjusted) should
remain below 1.5x over the next year.

The rating could be upgraded if Qorvo substantially reduces the
revenue concentration with its top two customers. Moody's would
expect that Qorvo would also be generating organic revenue growth
in excess of the industry, and maintaining a conservative leverage
profile, with debt to EBITDA (Moody's adjusted) maintained below
1.5x.

The ratings could be downgraded if Moody's expects a sustained
slowdown in revenue growth or if the EBITDA margin is sustained
below the low 20s percent level (Moody's adjusted). The rating
could also be lowered if profitability pressure or a material
increase in debt levels lead to debt to EBITDA (Moody's adjusted)
sustained above 2.5x.

Qorvo, Inc., based in Greensboro, North Carolina, produces radio
frequency filters and modules used in smartphones and other RF
products for a variety of end markets including cellular telephony
base stations, military and commercial radar, and WiFi networks.

The principal methodology used in this rating was Semiconductor
Industry Methodology published in December 2015.


QORVO INC: S&P Assigns 'BB+' Rating on $300MM Sr. Unsecured Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Greensboro, N.C.-based semiconductor
manufacturer Qorvo, Inc.'s new 8-year $300 million senior unsecured
notes. The '3' recovery rating reflects S&P's expectation of
meaningful recovery (50%-70%; rounded estimate: 55%) in a payment
default.

S&P said, "Our corporate credit rating on Qorvo remains 'BB+' with
a stable outlook. Our ratings on Qorvo reflect the firm's high
customer concentration and significant exposure to the wireless
handset marketplace. These factors are offset by Qorvo's low
financial leverage and significant secular growth trends from
increasing wireless data consumption. Our stable outlook is based
on our expectation that the firm will be able to outgrow the
broader analog market and sustain adjusted leverage of less than
1x."

RECOVERY ANALYSIS

Key analytical factors

-- S&P assigned its '3' recovery rating to Qorvo's new senior
unsecured notes, which is pari passu to all existing unsecured
debt.

-- All other recovery ratings are unchanged in this transaction.

-- S&P believes that to trigger a default scenario, Qorvo's EBITDA
would need to decline by over 70%.

-- S&P's simulated default scenario contemplates a default in 2022
due to slowing smartphone sales, a failure to obtain critical
design wins, and the loss of several major customers.

-- S&P has valued the company on a going-concern basis utilizing a
5.0x multiple of its projected emergence-level EBITDA.

-- The 5.0x valuation multiple reflects the inherent volatility
and capital intensity of the semiconductor industry, partially
offset by Qorvo's intellectual property portfolio.

Simplified waterfall

-- Net enterprise value (after administrative costs):
approximately $660 million

-- Senior unsecured claims: approximately $1.16 billion

-- Recovery expectations: 50%-70% (rounded estimate: 55%)

  RATINGS LIST
    Qorvo, Inc.
     Corporate Credit Rating        BB+/Stable/--

    New Rating
    Qorvo, Inc.
     Senior Unsecured               BB+
      Recovery Rating               3(55%)


QUANTUM CORP: BlackRock Equity Stake Down to 1.8% as of June 30
---------------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, BlackRock, Inc. reported that as of June 30, 2018, it
beneficially owns 609,299 shares of common stock of Quantum Corp.,
which constitutes 1.8 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available for free at:

                    https://is.gd/JDXUIF

                     About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) ?
http://www.quantum.com/? is a scale-out tiered storage, archive
and data protection company, providing solutions for capturing,
sharing, managing and preserving digital assets over the entire
data lifecycle.  From small businesses to major enterprises, more
than 100,000 customers have trusted Quantum to address their most
demanding data workflow challenges.  Quantum's end-to-end, tiered
storage foundation enables customers to maximize the value of their
data by making it accessible whenever and wherever needed,
retaining it indefinitely and reducing total cost and complexity.

As of Sept. 30, 2017, Quantum Corp had $211.2 million in total
assets, $335.5 million in total liabilities and a total
stockholders' deficit of $124.3 million.

On Jan. 11, 2018, Quantum received a subpoena from the SEC
regarding its accounting practices and internal controls related to
revenue recognition for transactions commencing April 1, 2016.
Following receipt of the SEC subpoena, the Company's audit
committee began an independent investigation with the assistance of
independent advisors, which is ongoing.

On Feb. 15, 2018, the New York Stock Exchange notified Quantum that
it is not in compliance with the NYSE's continued listing standard
because the company has not timely filed Form 10-Q for its fiscal
third quarter 2018 ended Dec. 31, 2017.


RED RIVER: Unsecureds to Recover 100% Under Trustee Plan
--------------------------------------------------------
Adam M. Back, solely in his capacity as Chapter 11 Trustee for
debtor Red River Healthcare, LLC, submits a first amended small
business chapter 11 plan with disclosures for the debtor.

The Debtor's estimated liabilities as of the Petition Date totaled
$711,255.50 which includes (a) Secured Claims totaling $95,581.63;
(b) Priority Claims totaling $594,573.58; and (c) Unsecured Claims
totaling $21,200.29.

As soon as practicable after the Effective Date, the Chapter 11
Trustee or the Plan Administrator will make a mandatory
distribution in the total sum of $10,000 cash, collectively to the
unsecured creditors of all Affiliated Debtors, including this
Debtor's Class D Unsecured Creditors, on account of their
respective Claims. Thereafter, annually for the duration of the
Plan repayment period, 50% of the total remaining net profits will
be distributed to the Affiliated Debtors' Unsecured Creditors,
including this Debtor?s Class D Unsecured Creditors, pro rata, on
account of their respective claims; provided, however, that the
Chapter 11 Trustee does not warrant or guarantee that any such
distribution will be made in a given year.

The Chapter 11 Trustee believes that the total of all valid
Unsecured Claims as to this Debtor is approximately $185,240.51.
Based on the Debtor's projections as relied upon by the Chapter 11
Trustee, Class D Claims are projected to receive 100% recovery on
the Claims within the first five years of the Plan repayment
period.

The Debtor will continue its healthcare operations. Notwithstanding
any prior order, as of the Effective Date, the Chapter 11 Trustee
or Plan Administrator, as applicable, will have the right to
collect and use all revenues and other cash collateral derived from
the operation of the Assets. Further, the Chapter 11 Trustee or
Plan Administrator will have the right to sell, merge, and/or
terminate the operations of the Debtor and/or any of the Debtor's
Affiliates, should the Chapter 11 Trustee or Plan Administrator, in
the sound exercise of their business judgment, see fit to do so.

Based on the Debtor's financial projections, the Chapter 11 Trustee
believes the Debtor should have sufficient cash flow to pay all
normal and customary operating expenses and be capable of funding
its plan of reorganization.

A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/kyeb15-51438-277.pdf

                About Red River Healthcare

Red River Healthcare, LLC, Aaron K. Jonan Memorial Clinic, Inc.,
Asthma and Allergy Center, LLC, and Pediatric Associates of
Pikeville, LLC each filed chapter 11 petitions (Bankr. E.D. Ky.
Case No. 15-51438, 15-51439, 15-70469, and 15-70470) on July 21,
2015.  Salyersville Medical Center, LLC filed a chapter 11 petition
(Bankr. E.D. Ky. Case No. 15-70818) on December 21, 2015.  The
petitions were signed by Djien H. So, managing member.  The Debtors
are represented by Jamie L. Harris, Esq., at Delcotto Law Group
PLLC.

Red River Healthcare, LLC, Aaron K. Jonan Memorial Clinic, Inc.,
and Pediatric Associates of Pikeville, LLC each estimated assets
and liabilities at $100,001 to $500,000. Asthma and Allergy Center,
LLC and Salyersville Medical Center, LLC each estimated assets at
$100,001 to $500,000 and liabilities at $500,001 to $1 million.


RONALD AND GRACE: Proposes Frank Monetti as Accountant
------------------------------------------------------
Ronald and Grace Faillace, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ Frank
Monetti, CPA, as accountant to the Debtor.

Ronald and Grace requires Frank Monetti to assist in the
preparation of tax returns, analyze financial records, and render
other matters related to the administration of the estate.

Frank Monetti 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.

Frank Monetti 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.

Frank Monetti can be reached at:

     Frank Monetti
     1861 Hooper Avenue, Unit 8
     Toms River, NJ 08752
     Tel: (732) 240-5120

                About Ronald and Grace Faillace

Ronald and Grace Faillace owns in fee simple a real property
located 713 Old Shore Road, Forked River, New Jersey, currently
valued at $407,727; and a separate real property located at 715 Old
Shore Road, Forked River, New Jersey, with a current valuation of
$1.17 million.

Ronald and Grace Faillace sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 18-16649) on April 3, 2018.
In the petition signed by Ronald Faillace, limited partner, the
Debtor disclosed $1.61 million in assets and $912,660 in
liabilities.  Judge Michael B. Kaplan presides over the case.  The
Debtor hired Straffi & Straff, LLC, led by name partner Daniel E.
Straffi, as its legal counsel.


RONALD AND GRACE: Seeks to Hire Straffi & Straffi as Attorney
-------------------------------------------------------------
Ronald and Grace Faillace, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ Straffi &
Straffi, LLC, as attorney to the Debtor.

Ronald and Grace requires Straffi & Straffi to assist the Debtor in
the Chapter 11 bankruptcy proceedings, file pleadings, attend at
court hearings, and provide other legal services in connection with
the case.

Straffi & Straffi will be paid at the hourly rate of $350. The firm
will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Daniel E. Straffi, partner of Straffi & Straffi, 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.

Straffi & Straffi can be reached at:

     STRAFFI & STRAFFI, LLC
     670 Commons Way
     Toms River, NJ 08755
     Tel: (732) 341-3800
     Fax: (732) 341-3548 (fax)
     E-mail: bkclient@straffilaw.com

                About Ronald and Grace Faillace

Ronald and Grace Faillace owns in fee simple a real property
located 713 Old Shore Road, Forked River, New Jersey, currently
valued at $407,727; and a separate real property located at 715 Old
Shore Road, Forked River, New Jersey, with a current valuation of
$1.17 million.

Ronald and Grace Faillace sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 18-16649) on April 3, 2018.
In the petition signed by Ronald Faillace, limited partner, the
Debtor disclosed $1.61 million in assets and $912,660 in
liabilities.  Judge Michael B. Kaplan presides over the case.  The
Debtor hired Straffi & Straff, LLC, led by name partner Daniel E.
Straffi, as its legal counsel.


ROWAN COMPANIES: Moody's Cuts CFR to B3, Sr. Notes Rating to Caa1
-----------------------------------------------------------------
Moody's Investors Service downgraded Rowan Companies, Inc.'s
Corporate Family Rating (CFR) to B3 from B2, Probability of Default
Rating (PDR) to B3-PD from B2-PD, and senior unsecured notes to
Caa1 from B2. The Speculative Grade Liquidity Rating was affirmed
at SGL-1. The rating outlook remains negative.

"The downgrade reflects Rowan's deteriorating credit metrics
through 2019, resulting from low utilization rates and continued
pressure on dayrates, while the notes downgrade additionally
reflects its contractual subordination to Rowan's new revolving
credit facility, which has guarantees from material Rowan
subsidiaries and thereby has a priority claim to Rowan's assets"
commented Amol Joshi, Moody's Vice President. "The negative outlook
reflects the uncertain timing and magnitude of a recovery in the
challenged offshore drilling market, especially for drillships, and
Rowan's increasing financial leverage despite pro-active maturity
management and liquidity enhancing efforts."

Issuer: Rowan Companies, Inc.

Downgraded:

Corporate Family Rating, Downgraded to B3 from B2

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

Senior Unsecured Notes, Downgraded to Caa1 (LGD4) from B2 (LGD4)

Affirmed:

Speculative Grade Liquidity Rating, Affirmed SGL-1

Outlook Action:

Outlook, Remains Negative

RATINGS RATIONALE

Rowan's B3 CFR reflects its high and increasing financial leverage
with deteriorating cash flow as existing contracts roll-off,
combined with the muted outlook for utilization rates and dayrates
at least through 2019. Despite some re-contracting of its jackups,
Rowan's rig fleet -- specifically its ultra-deepwater drillships --
will be unlikely to gain profitable new long-term contracts for
some time. Rowan is supported by its business profile, which is
underpinned by its leading market position as a provider of premium
jackup drilling rigs to the offshore market. The company has a
reputation for its operational expertise and for having a
relatively young rig fleet that is geographically well-diversified.
The company's move into the ultra-deepwater drillship market also
has long-term benefits in a more stable offshore drilling rig
demand environment. However, none of the company's four
ultra-deepwater drillships have long-term contracts at this time
while two have short-term contracts in the second half of 2018,
straining the company's cash flow. Rowan has considerable balance
sheet cash; however, any significant use of cash to acquire
uncontracted assets or to pursue shareholder friendly actions would
put downward pressure on the company's ratings.

ARO Drilling (ARO, unrated), which is the company's joint venture
with Saudi Aramco (unrated), owns a fleet of five jackups for
operation in the Arabian Gulf for Saudi Aramco. ARO will likely
purchase at least 20 new build jackups ratably over 10 years, with
the first rig expected to be delivered as early as 2021. Saudi
Aramco will provide drilling contracts to ARO in connection with
the acquisition of the new rigs. In the event ARO has insufficient
cash from operations or is unable to obtain third party financing,
Rowan may periodically be required to make additional capital
contributions to ARO, up to a maximum aggregate contribution of
$1.25 billion.

Rowan's SGL-1 liquidity rating reflects the company's very good
liquidity, including $1.2 billion of balance sheet cash at March
31. With no new builds in the near-term except for potential ARO
obligations, the company's capital spending requirements should
remain relatively low. However, Moody's expects Rowan's 2018
spending will be higher than 2016-17 as Rowan purchased two jackups
in early January, and will spend about $85 million related to
jackup upgrades required by Saudi Aramco for contracted work, a
portion of which will be reimbursed. Moody's expects 2019 capital
spending to be at maintenance levels due to a challenged offshore
drilling market, which can be comfortably funded through available
cash. External liquidity is available through a new $955 million
revolving credit facility which matures in May 2023, but could
mature earlier in February 2022 if Rowan fails to refinance its
4.875% senior unsecured notes by that time. Rowan continues to have
access to its previous revolving credit facility maturing in
January 2021, with $311 million of current borrowing capacity,
dropping to $251 million in January 2019, and to $100 million in
January 2020. As of May 31, both the company's revolving credit
facilities were undrawn. The new credit facility's financial
covenants include a maximum debt to capitalization ratio of 55%,
minimum liquidity requirement of $300 million, minimum 80% coverage
ratio of the value of rigs directly wholly owned by the borrower or
guarantors to the value of all rigs, and a minimum 3x coverage
ratio of the value of marketed rigs directly wholly owned by the
borrower or guarantors to revolver commitments and certain other
debt. Rowan has a debt maturity in August 2019 when $201 million of
its 7.875% senior notes mature, which the company could repay with
cash on hand.

Rowan's senior notes are unsecured and are all rated Caa1, a notch
below the B3 CFR, because of their contractual subordination to the
new revolving credit facility which is unsecured but benefits from
operating subsidiary guarantees. The new revolver has a superior
claim to the large majority of Rowan's drilling rigs, while the old
revolver is unsecured and pari passu with the senior notes.

The negative outlook reflects Rowan's increasing financial leverage
and the prolonged nature of the current offshore industry downturn,
particularly in the deepwater.

The ratings could be downgraded if the company significantly
depletes its existing cash balances or its liquidity weakens.
Without significant debt reduction, a positive rating action is
unlikely in the near-term. An upgrade could be considered if the
company's EBITDA to interest expense exceeds 2x while maintaining
adequate liquidity in a stable to improving industry environment.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.




S CHASE LIMITED: Revises Classification of Secured Claims
---------------------------------------------------------
S Chase Limited Partnership on June 28 filed with the U.S.
Bankruptcy Court for the Southern District of Texas its latest
Chapter 11 plan of liquidation, which contains changes to the
classification of secured claims.

Under the latest liquidating plan, the claims of the secured
lender, which holds liens on properties owned by S Chase, W Point
Limited Partnership and Crosswinds Houston Limited Partnership in
Houston, Texas, are now classified in Class 1.  These secured
claims were classified in Class 2 in the original plan.

The secured claims have an outstanding principal balance of more
than $19.26 million.

Meanwhile, the secured claims of holders of mechanic's and
materialman's lien or mineral lien on the properties are now
classified in Class 2.  These secured claims were classified in
Class 1 in the original plan.

The lien held by Class 2 secured claimants is not a senior
statutory lien but that is otherwise (i) valid, enforceable, and
non-avoidable as of the petition date and perfected under
non-bankruptcy law; and (b) timely perfected as permitted by
section 546(b) of the Bankruptcy Code.  

The plan provides for the liquidation of each of the companies
through a sale of their real properties.

Generally, if the plan is confirmed and consummated: (i) Class 1
secured claims will be paid from the net sale proceeds of the
respective company up to the balance of the allowed claim is paid
in full; (ii) Class 2 secured claims will be paid in full from the
net sales proceeds of the respective company; and (iii) general
unsecured creditors will be paid a pro rata share of the respective
companies' net sale proceeds after payment in full of Class 1 and 2
claims, along with a pro rata share of net litigation proceeds,
according to the companies' latest disclosure statement filed on
June 28.

Copies of the first amended disclosure statement and plan are
available for free at:

     http://bankrupt.com/misc/txsb18-31017-176.pdf
     http://bankrupt.com/misc/txsb18-31017-177.pdf

               About S Chase Limited Partnership

Each of S Chase Limited Partnership, Crosswinds Houston Limited
Partnership and W Point Limited Partnership is an apartment owner
based in Houston, Texas.

S Chase Limited Partnership, d/b/a Seton Chase Apartments;
Crosswinds Houston Limited Partnership, d/b/a Crosswinds
Apartments; and W Point Limited Partnership, d/b/a Willowbrook
Point Apartments, sought Chapter 11 protection (Bankr. S.D. Tex.
Case No. 18-31017, 18-31018, and 18-31020) on March 5, 2018.

In the petitions signed by CFO Gordon Steele, S Chase Limited and
Crosswinds Houston estimated $10 million to $50 million in assets
and debt; and W Point Limited estimated $1 million to $10 million
in assets and liabilities at $10 million to $50 million.

The Hon. Marvin Isgur presides over the case.

The Debtors tapped Hoover Slovacek LLP as their bankruptcy
counsel.

The Court, on its own motion, entered an order requiring the Office
of the United States Trustee to appoint an examiner under 11 U.S.C.
Section 1104(c) to investigate whether the Debtors' apartment
properties comply with applicable federal, state and local laws
concerning the health, safety and welfare of the residents or the
public at the three properties.  Bryon A. Parffrey was appointed as
examiner.  The order required that the examiner file a report, by
March 21, 2018, identifying any health, safety, or welfare concerns
found on each property and, if found, recommend a course of action
to promptly protect the health, safety and welfare of the residents
or public.  The Court found that Mr. Parffrey had fulfilled his
requirements and was released from his appointment.


S DIAMOND STEEL: Aug. 15 Plan Confirmation Hearing
--------------------------------------------------
Bankruptcy Judge Brenda K. Martin issued an order approving S
Diamond Steel, Inc.'s second amended disclosure statement referring
to its second amended plan.

The hearing to consider the confirmation of the Second Amended Plan
will be held at the United States Bankruptcy Court, 230 N. First
Avenue, 7th Floor, Courtroom 701, Phoenix, Arizona on August 15,
2018 at 11 a.m.

Ballots accepting or rejecting the plan must be received by the
Plan Proponent at least seven days prior to the hearing date set
for the confirmation of the plan.

The last day for filing with the Court and serving written
objections to confirmation of the plan is fixed at seven days prior
to the hearing date set for confirmation of the plan.

As previously reported by the Troubled Company Reporter, the Second
Amended Disclosure Statement provides that the Debtor and creditor
Board of Trustees of the California Ironworkers Field Pension Trust
have entered into a Settlement Agreement, and a motion to approve
the same has been filed with the Court.

A full-text copy of the Second Amended Disclosure Statement is
available at:

     http://bankrupt.com/misc/azb2-16-07846-246.pdf

A full-text copy of the Second Amended Plan is available at:

     http://bankrupt.com/misc/azb2-16-07846-247.pdf

                  About S Diamond Steel

S Diamond Steel, Inc., based in Phoenix, Arizona, has been in
business as a Steel fabrication and erection contractor primarily
in the states of Arizona, Nevada, New Mexico, and California since
2001.  Since 2001, S Diamond has also worked in other states as
well as Puerto Rico.

The Debtor filed a Chapter 11 petition (Bankr. D. Ariz. Case No.
16-07846) on July 11, 2016.  The petition was signed by Matthew
Miles Stevens, president.  The case is assigned to Judge Brenda K.
Martin.

Allan NewDelman, Esq., at Allan D. NewDelman P.C. serves as the
Debtor's legal counsel.  Guy W. Bluff, Esq., at Bluff & Associates
represents the Debtor in connection with a $1.9 million claim filed
by the Board of Trustees of the California Ironworkers Field
Pension Trust in November last year.

The Debtor disclosed $1.59 million in total assets and $5.58
million in total liabilities.

No official committee of unsecured creditors has been appointed in
the Debtor's case.


SALYERSVILLE MEDICAL: Unsecureds to Recoup 100% in Trustee Plan
---------------------------------------------------------------
Adam M. Back, solely in his capacity as Chapter 11 Trustee for
debtor Pediatric Associates of Pikeville, LLC filed a first amended
small business chapter 11 plan with disclosures for the debtor.

SMC is a licensed Rural Health Clinic primary medical clinic
located in Salyersville, Magoffin County, Kentucky. The Debtor
provides pediatric and adult care services including routine
physical examinations for school, sports, or employment.

The Debtor's Assets as of the Petition Date totaled $267,866.02
including the following: (a) checking accounts valued at
$40,257.33; (b) fixtures and equipment valued at $13,865.00; (c)
accounts receivables valued at $213,743.69; and (d) designation as
RHC and website at unknown values.

As soon as practicable after the Effective Date, the Chapter 11
Trustee or the Plan Administrator shall make a mandatory
distribution in the total sum of $10,000 cash, collectively to the
unsecured creditors of all Affiliated Debtors, including this
Debtor's Class E Unsecured Creditors, on account of their
respective Claims. Thereafter, annually for the duration of the
Plan repayment period, 50% of the total remaining net profits will
be distributed to the Affiliated Debtors' Unsecured Creditors,
including this Debtor's Class E Unsecured Creditors, pro rata, on
account of their respective claims; provided, however, that the
Chapter 11 Trustee does not warrant or guarantee that any such
distribution will be made in a given year.

The Chapter 11 Trustee believes that the total of all valid
Unsecured Claims as to this Debtor is approximately $109,014.92.
Based on the Debtor's projections as relied upon by the Chapter 11
Trustee, Class E Claims are projected to receive 100% recovery on
the Claims within the first five years of the Plan repayment
period.

The Debtor will continue its healthcare operations. Notwithstanding
any prior order, as of the Effective Date, the Chapter 11 Trustee
or Plan Administrator, as applicable, will have the right to
collect and use all revenues and other cash collateral derived from
the operation of the Assets. Further, the Chapter 11 Trustee or
Plan Administrator shall have the right to sell, merge, and/or
terminate the operations of the Debtor and/or any of the Debtor's
Affiliates, should the Chapter 11 Trustee or Plan Administrator, in
the sound exercise of their business judgment, see fit to do so.

Based on the Debtor's financial projections, the Chapter 11 Trustee
believes the Debtor should have sufficient cash flow to pay all
normal and customary operating expenses and be capable of funding
its plan of reorganization.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/kyeb15-70818-97.pdf

Salyersville Medical Center, LLC filed for chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Case No. 15-70818) on Dec. 21, 2015,
and is represented by Jamie L. Harris, Esq. of Delcotto Law Group
PLLC.


SENIOR CARE: Sale of Woods Debtors' Operations Delay Plan Filing
----------------------------------------------------------------
Senior Care Group, Inc., and its affiliates ask the U.S. Bankruptcy
Court for the Middle District of Florida to extend the exclusive
periods during which only the Debtors can file a plan of
reorganization and solicit acceptance of the plan through and
including July 31, 2018, and Sept. 30, 2018.

On May 8, 2018, the Court entered its order extending the 120-day
time period during which the Debtors have the initial exclusive
right to proposed and file a plan of reorganization through and
including June 29, 2018, extending the 180-day period during which
the Debtors have the exclusive right to solicit acceptances of a
plan through and including Aug. 28, 2018, and extending the
deadline for filing of a plan and disclosure statement through and
including June 29, 2018.

The Debtors have been in the process of negotiating the sale of the
operations of the Woods Debtors -- SCG Baywood, LLC, SCG Gracewood,
LLC, SCG Harbourwood, LLC, and SCG Laurellwood, LLC.  An amended
plan of liquidation has been filed by the Woods Debtors and a
confirmation hearing has been scheduled.

While the sale of the Woods' Debtors' assets has not closed, the
Remaining Debtors -- Senior Care Group, Inc., Key West Health And
Rehabilitation Center, LLC, and The Bridges Nursing And
Rehabilitation, LLC -- will now be able to focus on preparing a
plan.

The Remaining Debtors request a further extension of the Remaining
Debtors' exclusive period to file a plan and of the deadline by
which the Remaining Debtors may obtain acceptances of the plan, and
the deadline for filing of a plan and disclosure statement.

The Court established June 29, 2018, as the extended deadline for
the Remaining Debtors to file their plan and disclosure statement.
The Remaining Debtors request an extension through and including
July 31, 2018, to finalize and file their plan and disclosure
statement.

The Debtors assure the Court that their request for extension is
not submitted for purposes of delay and the Remaining Debtors
submit that the relief requested in this motion will not prejudice
any party.

                   About Senior Care Group

Senior Care Group, Inc., is a non-profit corporation which, through
its wholly-owned subsidiaries, provides residents and patients with
nursing and long-term health care services.

Senior Care Group and its six affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No.
17-06562) on July 27, 2017.  In the petition signed by David R.
Vaughan, chairman of the Board, Senior Care Group estimated assets
and liabilities of $1 million to $10 million.

Judge Catherine Peek Mcewen presides over the cases.

Stichter Riedel Blain & Postler, P.A., is the Debtors' bankruptcy
counsel.  The Debtors hired Akerman LLP as their special healthcare
counsel.

The U.S. Trustee for Region 21 appointed Mary L. Peebles as the
patient care ombudsman for Key West Health and Rehabilitation
Center LLC, SCG Baywood LLC, SCG Gracewood LLC, and SCG
Laurellwood, LLC.

On Aug. 18, 2017, the U.S. trustee appointed an official committee
of unsecured creditors.  The committee hired Stevens & Lee, P.C.,
as its bankruptcy counsel; and Trenam, Kemker, Scharf, Barkin,
Frye, O'Neill & Mullis, P.A., as co-counsel.  On Aug. 17, 2017, the
Debtors retained Holliday Fenoglio Fowler, LP, as broker.


SENTINEL MANAGEMENT: Final Judgment Entered in Settlement with DACF
-------------------------------------------------------------------
District Judge Rebecca R. Pallmeyer grants the Plaintiff's motion
for entry of consent judgment in the case captioned FREDERICK J.
GREDE, as Liquidation Trustee for the Sentinel Liquidation Trust,
Plaintiff, v. DYNAMIC ALLOCATION CTA FUND LLC, Defendant, Case No.
10-cv-01630 (N.D. Ill.).

The Parties have entered into a Settlement Agreement, pursuant to
which they have agreed to resolve the Adversary Proceeding by the
entry of a final judgment against Defendant in the amount of
$2,735,691.47, plus post-judgment interest, in the same or
substantially the same form as the proposed Consent Judgment.

Judgment, therefore, is entered in favor of plaintiff Sentinel
Liquidation Trust, and against defendant Dynamic Allocation CTA
Fund LLC, in the amount of $2,735,691.47, plus post-judgment
interest accruing at the rate established under 28 U.S.C. section
1961.

A copy of the Court's Decision dated June 7, 2018 is available at
https://bit.ly/2IRD7t7 from Leagle.com.

Frederick J Grede, not individually but as Liquidation Trustee and
Representative of the Estate of Sentinel Management Group, Inc.,
Plaintiff, represented by Catherine L. Steege -- --
csteege@jenner.com -- Jenner & Block LLP,Chris C. Gair  --
cgair@gairlawgroup.com -- Gair Law Group Ltd., Angela M. Allen --
aallen@jenner.com -- Jenner & Block LLP & Jeffrey Scott Eberhard
-- jeberhard@gairlawgroup.com --  Gair Law Group Ltd.

Dynamic Allocation CTA Fund LLC, Defendant, represented by Arnold
Gary Kaplan, Kaplan & Associates, Ltd., Andrew Jon Lawrence, The
Lawrence Law Group PLLC, pro hac vice & Edward X. Clinton, Jr., Law
Offices of Edward X. Clinton, P.C.

                 About Sentinel Management

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full-service firm offering a
variety of security solutions.  The Company filed a voluntary
Chapter 11 petition (Bankr. N.D. Ill. Case No. 07-14987) on Aug.
17, 2007.  Ronald Barliant, Esq., Randall Klein, Esq., and Kathryn
A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black Rosenbloom &
Moritz, Ltd., represented the Debtor.  Lawyers at Quinn, Emanuel
Urquhart Oliver & Hedges, LLP, represented the Official Committee
of Unsecured Creditors.  When the Debtor sought bankruptcy
protection, it estimated assets and debts of more than $100
million.

On Aug. 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper US
LLP, and Vincent E. Lazar, Esq., at Jenner & Block LLP, represent
the Chapter 11 Trustee.

The Court confirmed the Fourth Amended Chapter 11 Plan of
Liquidation for Sentinel on Dec. 15, 2008, which created a
Liquidation Trust.  The Plan became effective Dec. 17, 2008, and
Mr. Grede was appointed Liquidation Trustee.


SHIBATA FLORAL: Plan Confirmation Hearing Set for July 19
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of California
is set to hold a hearing on July 19 to consider approval of the
Chapter 11 plan of reorganization for Shibata Floral Company.

The hearing will be held at 10:00 a.m., at Courtroom 17.

The court had earlier approved the company's disclosure statement,
allowing it to start soliciting votes from creditors.  

The order, signed by Judge Dennis Montali on May 30, set a July 12
deadline for creditors to file their objections and submit ballots
of acceptance or rejection of the plan.

                      About Shibata Floral

Headquartered in San Francisco, California, Shibata Floral Company
-- http://www.shibatafc.com-- is a family owned and operated
wholesale floral and floral supply distributor servicing the West
Coast since 1921.  Started as a rose grower, it expanded into
carnation growing, chrysanthemum propagation and floral supplies.
Shibata Floral has now evolved into a multifaceted distribution
business offering thousands of floral related products from all
over the world through its locations in the San Francisco, Los
Angeles and Portland flower markets.  

Shibata Floral Company filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Calif. Case No. 17-31143) on Nov. 13, 2017, estimating
its assets at between $500,000 and $1 million and its liabilities
at between $1 million and $10 million.  Eric L. Shibata, president,
signed the petition.

Judge Dennis Montali presides over the case.

Chris D. Kuhner, Esq., at Kornfield, Nyberg, Bendes, Kuhner &
Little P.C., serves as the Debtor's bankruptcy counsel.


SIMMONS FOODS: Moody's Rates $250MM 1st Lien Notes B1, Outlook Neg
------------------------------------------------------------------
Moody's Investors Service, Inc. assigned a B1 rating to $250
million 1st lien senior secured notes due 2024 being offered by
Simmons Foods, Inc. Moody's also affirmed the company's B2
Corporate Family Rating, B2-PD Probability of Default Rating, and
B3 2nd-lien senior secured debt rating. The rating outlook remains
negative.

Proceeds from the new $250 million 1st lien notes will be used in
part to repay approximately $150 million outstanding under the
company's asset-backed revolving credit facility (ABF). The
remaining proceeds will supplement cash balances. In addition, as
part of the transaction, the size of the ABL is being reduced to
$195 million from $275 million and the maturity is being extended
by one year to August 2023.

Ultimately, the proceeds raised will help to fund over $300 million
in capital investments over the next two years across each of
Simmons' three business segments --- chicken processing, pet food,
and protein -- to improve the efficiency and capacity of its
plants. These heavy cash outlays will cause debt/EBITDA to rise to
the mid-to-high 5x range from 4.3x at FYE 2017 and will result in
negative free cash flow over the next two years before metrics
begin to improve. This is reflected in the negative outlook.

Notwithstanding, Moody's has affirmed Simmons' ratings in
consideration of a longer than typical time frame that is warranted
to allow the company to restore its financial metrics. This view is
based on the largely non-speculative nature of near-term capital
investments planned and the significant related benefits.
Two-thirds of the $300 million of planned projects is related to
the replacement of an aging poultry plant in Decatur, Georgia that
is fully utilized and nearing the end of its useful life. Moody's
anticipates that at current ratings, Simmons' elevated debt/EBITDA
can be tolerated at around 5 times for up to 24 months, provided
that leverage is likely to decline steadily, thereafter.

Simmons Foods, Inc.

Ratings assigned:

$250 million senior secured first-lien notes due 2024 at B1 (LGD3).


Ratings affirmed:

Corporate Family Rating at B2;

Probability of Default Rating at B2-PD;

$550 million senior secured second-lien notes due 2024 at B3 (LGD
revised to LGD5 from LGD4).

Outlook Actions:

Outlook, remains negative.

RATINGS RATIONALE

Simmons' B2 Corporate Family Rating reflects the company's high
sales concentration (over 50%) in the volatile poultry processing
sector and limited free cash flow due to heavy capital spending.
The rating is supported by Simmons' good liquidity following the
replenishment of full availability under the its liquidity facility
and Moody's expectation for reasonably stable operating performance
in both the pet food and chicken processing operations.

The B1 rating on the new 1st lien notes is one notch above the CFR
reflecting its super priority claim on the $550 million second lien
debt collateral and its subordinate claim on the $195 million ABF
collateral. The B3 rating on the $550 million senior secured
second-lien notes is one notch below the B2 Corporate Family
Rating, reflecting its effective subordination to the company's
$195 million ABF and the $250 million 1st lien notes. The ABF is
not rated by Moody's.

Simmons' ratings could be lowered if overall operating performance
deteriorates or if the company encounters significant challenges
with respect to its capital projects or the integration of recent
acquisitions. Quantitatively, if debt/EBITDA is likely to exceed
4.5 times beyond fiscal 2019, or the company's liquidity profile
deteriorates further, the ratings could be downgraded.

Simmons' ratings could be upgraded if the company is able to
establish a track record of stable operating performance and
positive free cash flow. Additionally, debt/EBITDA would have to
approach 3.0 times before Moody's would consider a rating upgrade.


COMPANY PROFILE

Simmons Foods, Inc. and affiliates, headquartered in Siloam
Springs, Arkansas, is a vertically integrated poultry processor,
and the largest private label manufacturer of canned pet food in
North America. The company generates sales through three primary
business groups: Poultry (57%); Pet Food (37%); and Protein (6%),
which includes Simmons' rendering operations. The company is
principally owned and controlled by members of the Simmons family.
Net sales reported for the twelve month period ended December 31,
2017 totaled approximately $1.6 billion.


SIMMONS FOODS: S&P Affirms B Corp. Credit Rating, Outlook Negative
------------------------------------------------------------------
S&P Global Ratings today affirmed its 'B' corporate credit rating
on Siloam Springs, Arkansas-based Simmons Foods, Inc. The outlook
is negative.

S&p said, "We are also assigning a 'BB-' issue-level rating on the
company's $250 million senior secured notes due 2024 with a '1'
recovery rating, indicating our expectation of very high recovery
(>90%; rounded estimate: 95%) in the event of a payment default.

We are also lowering the issue-level rating on the second-lien
notes due 2024 to 'B-' from 'B', and revising the recovery rating
to '5' from '4', indicating our expectation of modest recovery
(10%- 30%; rounded estimate: 20%) in the event of a payment
default. The downgrade reflects the increase in priority debt ahead
of second-lien noteholders as a result of the proposed refinancing.
  

"We based all issue-level ratings on preliminary terms and are
subject to review of final documents. We estimate Simmons will have
pro forma debt totaling $800 million (prior to accounting for our
adjustment for capitalized operating leases that we estimate will
total $125.7 million) at the close of the transaction.

The affirmation with a revised liquidity assessment of adequate
reflects the company's ability to refinance the $275 million ABL
facility, which was heavily drawn (currently more than $180 million
is outstanding on the facility) following the Feb. 2, 2018,
acquisition of Pet Poultry Products Inc. for $122.5 million. The
refinancing includes a new 5.5-year senior secured first-lien note
issuance that will leave the company with significant cash on its
balance sheet to spend on upcoming capital expenditures (capex) and
a new undrawn five-year $195 million ABL.

"The negative outlook reflects the company's higher debt leverage
to fund growth initiatives with debt to EBITDA slightly above 6x in
2018 prior to improving below 5.5x into 2019, as the company
embarks on an ambitious capital spending plan that will result in
negative free operating cash flow through at least 2019. We believe
that until the company can begin approaching positive free cash
flow generation possibly by 2020 that execution risk will remain
significantly elevated while future deleveraging will rely
exclusively on planned EBITDA growth.

"We could lower the ratings if debt to EBITDA is sustained above
6.5x into the second half of fiscal 2019. We believe this could
occur if the company's profitability declines from an unexpected
increase in costs or revenue declines from a significant operating
setback, such as a large product recall or manufacturing disruption
related to its expansion projects. Although less likely over the
next year, given our current favorable outlook for poultry profits,
leverage also could exceed 6.5x if the poultry segment faces
another severe weak operating cycle (similar to 2012), during which
feed costs significantly increased or chicken prices decline from
over production leading to a more than a 200 basis points (bps)
drop in our base case assumption for gross margins in the poultry
business.

"We could revise the outlook to stable if the company improves debt
to EBITDA closer to 5x. Although free cash flows will likely remain
negative well beyond our one-year outlook horizon precluding
material debt reduction, we believe leverage can improve closer to
5x if the company can generates mid- to high-single-digit EBITDA
growth rates from its recent growth investments and successful
integration of Pet Poultry over the next year."


SIRVA INC: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
SIRVA Inc. The outlook is stable. S&P said, "At the same time, we
assigned our 'B+' issue-level and '2' recovery ratings to the
company's proposed first-lien facilities, composed of a $60 million
revolving credit facility due in 2023 and a $410 million term loan
due in 2025. The '2' recovery rating indicates our expectation for
substantial (70%-90%; rounded estimate: 70%) recovery in the event
of a payment default scenario."

S&P said, "We are also assigning our 'B-' issue-level and '5'
recovery ratings to the company's proposed $135 million second-lien
term loan due in 2026. The '5' recovery rating reflects our
expectation for modest (10%-30%; rounded estimate: 10%) recovery in
the event of a payment default scenario.

"We intend to withdraw our ratings on the company's existing debt
once the financing transaction and associated repayment are
completed.

"The affirmation reflects our view of the transaction as leverage
neutral with the tuck-in acquisition posing limited integration
risk. One-time costs related to the sale to Madison Dearborn
Partners and financing for a tuck-in acquisition will deplete cash
balances and result in FOCF to debt in the low-single-digit percent
area over the next 12 months. By the end of 2019, once the costs
roll off and acquisition-related earnings and synergies are
achieved, we expect FOCF to debt to improve to the company's
historical mid- to high?single-digit percent area. We expect pro
forma adjusted leverage to remain in the mid-7x area before
improving to the low-6x area by 2019 due to earnings contributions
and related cost synergies from the tuck-in. Underpinning the
operating performance of the business is an expectation that
relocation initiation volumes will remain stable and customer
attrition de minimis, supported by moderately higher economic
growth and low unemployment.

"The stable outlook reflects our expectation for gradual
improvement in cash flow over the next 12 months despite an initial
decline following an increase in transaction costs related to the
acquisition by Madison Dearborn Partners and a tuck-in acquisition.
By the end of 2019, when the costs roll off and modest cost
synergies are achieved at the target, we expect FOCF to debt to
improve back to the mid- to high-single-digit percent area where it
has been maintained historically. We expect S&P Global
Ratings-adjusted leverage to improve to the low- to mid-6x area
over the same period.

"Over the next 12 months, we could lower the rating if FOCF to debt
remains in the low-single-digit percent area or S&P Global
Ratings-adjusted leverage increases above 7.5x on a sustained
basis. This could occur if the target acquisition experiences
significant customer attrition, a deterioration in economic
conditions results in declining corporate relocation volumes, or if
the company engages in large debt-financed acquisitions or
dividends to its sponsor.

"Although unlikely over the next 12 months, we would consider
raising the rating if the company achieves adjusted leverage below
5x and we expect the company's owners to allow leverage to be
maintained there. We could also consider raising the rating if
SIRVA materially diversifies its business offerings and
substantially increases its EBITDA base and margin profile."


SLEEP OASIS: Hearing on Plan Confirmation Set for Aug. 22
---------------------------------------------------------
Bankruptcy Judge Caryl E. Delano conditionally approved The Sleep
Oasis Inc.'s disclosure statement in support of its chapter 11
plan.

Any written objections to the Disclosure Statement must be filed
with the Court and no later than seven days prior to the date of
the hearing on confirmation.

The Court will conduct a hearing on confirmation of the Plan on
August 22, 2018 at 10:30 a.m. in Tampa, FL - Courtroom 9A, Sam M.
Gibbons United States Courthouse, 801 N. Florida Avenue.

Parties in interest must submit their written ballot accepting or
rejecting the Plan no later than eight days before the date of the
Confirmation Hearing.

Objections to confirmation must be filed with the Court and served
no later than seven days before the date of the Confirmation
Hearing.

                  About The Sleep Oasis

Headquartered in Saint Petersburg, Florida, The Sleep Oasis Inc.
filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case
No. 18-01605) on March 1, 2018, estimating its assets and
liabilities at between $100,001 and $500,000 each.  James W.
Elliott, Esq., at McIntyre Thanasides Bringgold, Et. Al., serves as
the Debtor's bankruptcy counsel.


SOUTH PLAZA CENTER: Case Summary & 16 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: South Plaza Center Associates, LLC
        P.O. Box 1169
        Virginia Beach, VA 23451

Business Description: South Plaza Center Associates, LLC
                      is a real estate campany that owns a
                      property located at 1200-1280 South
                      Broad Street, Brooksville, FL 34601
                      valued by the company at $6.45 million.

Chapter 11 Petition Date: July 10, 2018

Case No.: 18-05703

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtor's Counsel: Kenneth Ray Noble, Esq.
                  NOBLE LAW FIRM, P.A.
                  6199 North Federal Highway
                  Boca Raton, FL 33487
                  Tel: 561-353-9300
                  Fax: 305-675-3383
                  Email: ray@noblelawfirmpa.com

Total Assets: $6.53 million

Total Liabilities: $7.71 million

The petition was signed by Jon S. Wheeler, managing member of
Debtor's member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 16 unsecured creditors is available for free
at:

      https://www.scribd.com/document/383636278/flmb18-05703


SPEED VEGAS: P. Fiore Files Limited Objection to Plan, Disclosures
------------------------------------------------------------------
Philip Fiore filed a limited objection to Speed Vegas, LLC's first
amended combined disclosure statement and liquidating plan.

Mr. Fiore objects to the Plan to the extent it would enjoin or
otherwise prejudice Mr. Fiore's right to pursue and liquidate his
claim for purposes of recovering against available proceeds of the
Debtors' insurance policies, which are not property of the Debtor's
estate.

Mr. Fiore reserves all rights to make demand on the Debtor's
insurance carriers (or to require the Debtor to make such demand)
and to commence a lawsuit if necessary against the Debtor and/or
any successor in order to establish his claim for purposes of
recovering against available insurance proceeds. Mr. Fiore also
objects to the Plan to the extent it purports to discharge the
Debtor's obligations under the Lease to cooperate with Mr. Fiore's
efforts to recover against the Debtor's insurance.

A copy of Philip Fiore's Limited Objection is available at:

     http://bankrupt.com/misc/deb17-11752-286.pdf

As previously reported by the Troubled Company Reporter, holders of
Class 4 - Prepetition Senior Loan Claims under the amended plan
will recover an estimated 0% to 5% as compared to an unknown
recovery proposed in the original plan.

A full-text copy of the First Amended Disclosure Statement is
available at:

       http://bankrupt.com/misc/deb17-11752-236.pdf

Counsel to Philip Fiore:

     Gregory A. Taylor, Esq.
     Benjamin W. Keenan, Esq.
     ASHBY & GEDDES
     500 Delaware Avenue, 8th Floor
     P.O. Box 1150
     Wilmington, DE 19899
     Tel: (302) 654-1888
     Email: bkeenan@ashbygeddes.com

        -- and --

     Samuel M. Leaf, Esq.
     THE LAW OFFICE OF SAMUEL M. LEAF, LLC
     325 East 57th Street
     New York, New York 10022
     Tel: (646) 584-4486
     Email: sleaf@samuelmleaf.com

                        About Speed Vegas

Speed Vegas, LLC -- https://speedvegas.com/ -- owns a car racing
track in the Las Vegas Valley, Nevada.  Speed Vegas allows guests
to drive sports cars around a custom race track: a 1.5 mile track,
with a half mile straight.  Racers can choose from a multi-million
dollar collection of exotic supercars: Ferrari, Lamborghini,
Porsche, Mercedes and more.

Alleged creditors Phil Fiore, Velocita, LLC, EME Driving, LLC,
Thomas Garcia, Sloan-Speed, LLC, and T-VV, LLC, filed an
involuntary Chapter 11 petition (Bankr. D. Del. Case No. 17-11752)
against Speed Vegas on Aug. 12, 2017.  The petitioning creditors
are represented by Steven K. Kortanek, Esq., at Drinker, Biddle, &
Reath LLP.

On Dec. 15, 2017, the Delaware Court converted the involuntary
bankruptcy petition to a voluntary action.  

The Hon. Kevin J. Carey presides over the case.  

Bielli & Klauder, LLC, is the Debtor's bankruptcy counsel.


SPRUHA SHAH: Disclosure Statement Hearing Set for July 31
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois is
set to hold a hearing on July 31 to consider approval of the
disclosure statement, which explains the Chapter 11 plan of
reorganization for Spruha Shah, LLC.

The hearing will be held at 10:00 a.m., at Courtroom 613.
Objections to the disclosure statement are due by July 24.

Under the second amended Chapter 11 plan of reorganization,
creditors holding Class 6 general unsecured claims will be paid
100% of the allowed amount of their claims.

Payment will come from the proceeds of the sale or refinancing of
Spruha Shah's commercial real estate in Palatine, Illinois, where
the company's affiliate, Sneh & Sahil Enterprises LLC, conducts its
party rental and landscaping business, according to the company's
disclosure statement for its second amended plan.

A full-text copy of the Second Amended Disclosure Statement is
available at:

       http://bankrupt.com/ilnb17-18858-100.pdf

                      About Spruha Shah

Sneh and Sahil Enterprises, Inc. -- http://www.arlingtonrental.com/
-- does business under two assumed names, as follows: (a) Arlington
Rental, which rents out party equipment and supplies, like tents,
portable dance floors, tables chairs and other catering needs, and
(b) R Lederleitner Landscape, provides landscaping services.  It
operates from a commercial property owned by Spruha Shah.

Spruha Shah, LLC, a single asset real estate as defined in 11
U.S.C. Section 101(51B), is the owner of the real property commonly
known as 500 S. Hicks Rd., Palatine, Illinois.

Spruha Shah, LLC, and Sneh and Sahil Enterprises filed Chapter 11
bankruptcy petitions (Bankr. N.D. Ill. Case Nos. 17-18858 and
17-18861) on June 22, 2017.  The petitions were signed by Sanjay
Shah, managing member.  The cases are jointly administered under
Spruha Shah's, with Judge Deborah L. Thorne presiding.

At the time of filing, the Debtors estimated assets and liabilities
ranging between $1 million to $10 million.

The Debtors are represented by Timothy C. Culbertson, Esq., at the
Law Offices of Timothy C. Culbertson.


STEIN PROPERTIES: SSC6-MD to be Paid in Full in Latest Plan
-----------------------------------------------------------
SSC6-MD, LLC, a secured creditor of Stein Properties, Inc., will be
paid in full under the company's latest plan to exit Chapter 11
protection.

Under the latest plan, SSC6-MD, which holds a Class 2 secured claim
in the amount of $88,832.42, will retain its lien on Stein's real
property.  

The reorganized company will close on the sale of the property
following the effective date of the plan, at which time the allowed
Class 2 claim will be paid in full from available cash, with
interest at the applicable rate.  Class 2 is unimpaired by the
plan.

Meanwhile, First National Bank of Pennsylvania's secured claim in
the amount of $5,427,346.52 is now classified in Class 4.  The
claim was previously classified in Class 2 in the earlier plan,
according to Stein's latest disclosure statement filed on June 27
with the U.S. Bankruptcy Court for the District of Maryland.  

A copy of the disclosure statement is available for free at:

         http://bankrupt.com/misc/mdb17-22680-115.pdf

                      About Stein Properties

Based in Columbia, Maryland, Stein Properties, Inc., filed a
voluntary Chapter 11 petition (Bankr. D. Md. Case No. 17-22680) on
Sept. 22, 2017.  At the time of filing, the Debtor estimated
$1,000,001 to $10 million in assets and $10,000,001 to $50 million
in liabilities.  The case is assigned to Judge David E. Rice.
Lawrence A. Katz, Esq., at Hirschler Fleischer, is the Debtor's
counsel.


TAOW LLC: Ct. Modifies Order Granting L. Lohan Bid for Stay Relief
------------------------------------------------------------------
Bankruptcy Judge William J. Lafferty, III, modifies the order
granting Lars Lohan's motion for relief from stay.

Upon review, the Court discovered that Mr. Lohan did not request a
waiver of the 14-day stay in his moving papers. Therefore, the
order granting relief from stay will not include a waiver of
Federal Rule of Bankruptcy Procedure 4001(a)(3).

The bankruptcy case is in re: TAOW, LLC., Chapter 11, Debtor, Case
No. 18-40158 (Bankr. N.D. Cal.).

A copy of the Court's Memorandum dated June 7, 2018 is available at
https://bit.ly/2u7MM9B from Leagle.com.

TAOW LLC, Debtor, represented by Lawrence L. Szabo, Law Offices of
Lawrence L. Szabo.

Office of the U.S. Trustee/Oak, U.S. Trustee, represented by
Lynette C. Kelly, Office of the United States Trustee.

                    About TAOW LLC

TAOW LLC, filed a Chapter 11 bankruptcy petition (Bankr. N.D. Cal.
Case No. 18-40158) on Jan. 18, 2018, estimating less than $1
million in assets and liabilities.  The Debtor tapped the Law
Offices of Lawrence L. Szabo in Oakland, California, as counsel.


TINTRI INC: Appoints Robert Duffy as Chief Restructuring Officer
----------------------------------------------------------------
Tintri, Inc., has appointed Robert J. Duffy to serve as the chief
restructuring officer of the Company, effective July 10, 2018.

Mr. Duffy is 54 and has served as a managing director of Berkeley
Research Group LLC since May 2016.  Prior to joining BRG, Mr. Duffy
spent 14 years at FTI Consulting, Inc. and was most recently the
Global Practice Leader of the FTI Consulting Corporate
Finance/Restructuring practice.  Mr. Duffy joined FTI following 14
years at PricewaterhouseCoopers following FTI's acquisition of
PricewaterhouseCoopers' restructuring practice in 2002.

The appointment of Mr. Duffy as CRO is made pursuant to an
engagement agreement with BRG.  With the support of additional
personnel from BRG, Mr. Duffy will provide consulting services in
connection with the Company's bankruptcy filing and related
matters.  The approximate value of the Company's engagement with
BRG is approximately $0.9 million.  As a result, Mr. Duffy may have
a direct or indirect material interest in BRG's continued service
as defined in Item 404(a) of Regulation S-K promulgated under the
Securities Exchange Act of 1934, as amended.

                         About Tintri

Founded in 2008 and headquartered in Mountain View, California,
Tintri, Inc. -- http://www.tintri.com/-- offers an enterprise
cloud infrastructure built on a public-cloud like web services
architecture and RESTful APIs.  Organizations use Tintri all-flash
storage with scale-out and automation as a foundation for their own
clouds -- to build agile development environments for cloud native
applications and to run mission-critical enterprise applications.

The report from the Company's independent accounting firm KPMG LLP,
the Company's auditor since 2014, on the Company's consolidated
financial statements for the year ended Jan. 31, 2018, contains an
explanatory paragraph stating that the Company has incurred
negative cash flows from operations, is required to maintain
compliance with certain financial covenants and, regardless of the
financial covenants, the Company likely does not have sufficient
cash to meet its obligations associated with its operating
activities beyond June 30, 2018.  Together, these factors raise
substantial doubt about the Company's ability to continue as a
going concern.

Tintri incurred net losses of $157.7 million for the year ended
Jan. 31, 2018, $105.8 million for the year ended Jan. 31, 2017, and
$100.96 million for the year ended Jan. 31, 2016.  As of Jan. 31,
2018, Tintri had $76.24 million in total assets, $167.95 million in
total liabilities, and a total stockholders' deficit of $91.71
million.


TINTRI INC: Business as Usual, In Talks With DDN
------------------------------------------------
Tintri, Inc., disclosed that, on July 10, 2018, it filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  Tintri will continue to operate its
businesses as a debtor-in-possession under the jurisdiction of the
bankruptcy court.

Tintri intends to continue its efforts to enter into a strategic
transaction, including a sale of the company or its assets,
following the bankruptcy filing.  In this regard, the company has
entered into a letter of intent with DataDirect Networks ("DDN"),
which contemplates the purchase of substantially all of the
company's assets by DDN under Section 363 of Title 11 of the United
States Code.  The DDN letter of intent is non-binding and provides
no guarantee that a transaction will be completed.  The terms of
any potential transaction with DDN, or any other strategic
counterparty, are subject to a number of contingencies, including
the negotiation and execution of definitive transaction agreements,
the completion of a bidding process as provided for by the
bankruptcy court, and final approval of the bankruptcy court.
Consequently, there can be no assurance that Tintri's efforts to
consummate a strategic transaction, including the proposed
transaction with DDN, will be successful.  Furthermore, even if
Tintri were to complete a strategic transaction, the proceeds of
any such transaction may be insufficient to allow the company to
pay its creditors in full.  In any event, Tintri does not
anticipate that its stockholders will receive any return on their
shares.

Additionally, Tintri has arranged for financing that is intended to
bridge the company to a strategic transaction.  This financing is
expected to consist of amounts available under a proposed
superpriority secured debtor-in-possession credit facility with
TriplePoint Capital, LLC, as well as the continued use of accounts
receivable collections under the company's secured credit facility
with Silicon Valley Bank.  This financing is subject to, among
other things, the approval of the bankruptcy court.

"We are very pleased to be closely collaborating with Tintri's
cofounders, team members, advisors and creditors to develop a
winning plan which is designed to provide Tintri's customers with
continuity in support of their installed base as well as a winning
roadmap for their long term requirements," said Alex Bouzari, CEO
and co-founder of DDN.

"Tintri looks forward to continuing to work with DDN on its
proposal, which, if completed, would be expected to allow the
company to continue to provide its industry-leading technology to
the marketplace following the bankruptcy process and into the
future," said Kieran Harty, Tintri's founder and Chief Technology
Officer.

                  About DataDirect Networks

DataDirect Networks ("DDN") -- http://www.ddn.com-- is a big data
storage supplier to data-intensive, global organizations.  For 20
years, DDN has designed, developed, deployed and optimized systems,
software and storage solutions that enable enterprises, service
providers, universities and government agencies to generate more
value and to accelerate time to insight from their data and
information, on premise and in the cloud.  Organizations leverage
the power of DDN storage technology and the deep technical
expertise of its team to capture, store, process, analyze,
collaborate and distribute data, information and content at the
largest scale in the most efficient, reliable and cost-effective
manner.  DDN customers include many of the world's leading
financial services firms and banks, healthcare and life science
organizations, manufacturing and energy companies, government and
research facilities, and web and cloud service providers.

                         About Tintri

Tintri -- http://www.tintri.com-- offers an enterprise cloud
infrastructure built on a public-cloud like web services
architecture and RESTful APIs.  Organizations use Tintri all-flash
storage with scale-out and automation as a foundation for their own
clouds -- to build agile development environments for cloud native
applications and to run mission-critical enterprise applications.
Tintri enables users to guarantee the performance of their
applications, automate common IT tasks to reduce operating
expenses, troubleshoot across their infrastructure, and predict an
organization's needs to scale -- the underpinnings of a modern data
center.  That's why leading cloud service providers and
enterprises, including Comcast, Chevron, NASA, Toyota, United
Healthcare and 20 percent of the Fortune 100, trust Tintri with
enterprise cloud.  


TINTRI INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Tintri, Inc.
        303 Ravendale Drive
        Mountain View, CA 94043

Business Description: Tintri, Inc. -- www.tintri.com -- is an
                      enterprise cloud storage company founded in
                      2008 with the initial objective to solve the
                      mismatch caused by using old, conventional
                      physical storage systems with applications
                      in virtual machine environments.  The
                      company provides large organizations and
                      cloud service providers with an enterprise
                      cloud platform that offers public cloud
                      capabilities inside their own data centers
                      and that can also connect to public cloud
                      services.  Tintri is headquartered at 303
                      Ravendale Drive, Mountain View, California
                      94043.  The company has additional locations
                      in McLean, Virginia; Chicago, Illinois,
                      London, England; Munich, Germany; Singapore;
                      and Tokyo, Japan.

Chapter 11 Petition Date: July 10, 2018

Case No.: 18-11625

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Kevin J. Carey

Debtor's Counsel: Henry G Kevane, Esq.
                  John D. Fiero, Esq.
                  John W. Lucas, Esq.
                  Colin R. Robinson, Esq.
                  PACHULSKI STANG ZIEHL & JONES LLP
                  919 N. Market Street, 17th Floor
                  Wilmington, DE 19899
                  Tel: (302) 652-4100
                  Fax: (302) 652-4400
                  Email: hkevane@pszjlaw.com
                         jfiero@pszjlaw.com
                         jlucas@pszjlaw.com
                         crobinson@pszjlaw.com

                    - and -

                  James E. O'Neill, Esq.
                  PACHULSKI STANG ZIEHL & JONES LLP
                  919 North Market Street, 17th Floor
                  P.O. Box 8705
                  Wilmington, DE 19899-8705
                  Tel: 302-652-4100
                  Fax : 302-652-4400
                  Email: jo'neill@pszjlaw.com

Debtor's
Special
Corporate
Counsel:          WILSON SONSINI GOODRICH & ROSATI

Debtor's
Financial
Advisor:          HOULIHAN LOKEY

Debtor's
Claims,
Noticing &
Solicitation
Agent:            KURTZMAN CARSON CONSULTANTS LLC
                  Website: http://www.kccllc.net/tintri

Total Assets as of Jan. 31, 2018: $76.25 million

Total Debts as of Jan. 31, 2018: $168 million

The petition was signed by Kieran Harty, co-founder and chief
technology officer.

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

      https://www.scribd.com/document/383640846/deb18-11625

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Flextronics International USA Inc.   Trade Debt        $4,487,849
847 Gibraltar Dr.
Milpitas CA 95035
Tel: 408-576-7000
Fax: 408-576-7454

Salesforce.com Inc.                  Trade Debt          $492,266
P.O. Box 203141
Dallas TX 75320
Seabrien Arata
Fax: 415-901-7040

Promark Technology, Inc.             Trade Debt          $303,468
10900 Pump House Road, Suite B
Annapolis Junction MD 20701
Jeff Brown
Fax: 301-725-7869

Van Pelt, Yi & James LLP            Professional         $146,038
                                      Services

O'Melveny & Myers, LLP              Professional         $140,289
                                      Services

Flash Global Logistics               Trade Debt          $130,045

Richmar Associates Inc.              Trade Debt          $125,790

Groupware Technology                 Trade Debt          $121,826

Clari, Inc.                          Trade Debt          $120,025

Hilda Trigoso/ECS Supplier           Trade Debt           $99,221
Accounting Arrow Electronics

Savills Studley, Inc.                Trade Debt           $90,549

C/O Newtek Business Credit           Trade Dbet           $86,250
HMG Strategy LLC
Email: peggyp@hmgstrategy.com

Google Inc.                          Trade Debt           $81,537
Email: collections@google.com

CDW                                  Trade Debt           $74,110

CDW LLC                              Trade Debt           $73,986

NCR Corp                             Trade Debt           $64,465
Email: john.i.taylor@ncr.com

Fusion                               Trade Debt           $63,000
Email: boston@fusionww.com

Linkedin Corporation                 Trade Debt           $61,811

Bizible                              Trade Debt           $60,000

Sidley Austin LLP                   Professional          $57,412
                                      Services


TINTRI INC: Receives Nasdaq Delisting Determination Letter
----------------------------------------------------------
Tintri, Inc. received on July 3, 2018 a Staff Delisting
Determination Letter from Nasdaq setting forth a determination to
delist the Company's securities as a result of the Company's
failure to satisfy the requirements of Nasdaq Listing Rule
5250(c)(1) due to its failure to file a Quarterly Report on Form
10-Q for the period ended April 30, 2018.  Unless the Company
requests an appeal of the delisting determination, trading of the
Company's common stock will be suspended at the opening of business
on July 12, 2018, and Nasdaq will file a Form 25-NSE with the
Securities and Exchange Commission, which will remove the Company's
securities from listing and registration on Nasdaq.  The Company
has not determined at this time whether it will file an appeal of
the delisting determination.

                       About Tintri

Founded in 2008 and headquartered in Mountain View, California,
Tintri, Inc. -- http://www.tintri.com/-- offers an enterprise
cloud infrastructure built on a public-cloud like web services
architecture and RESTful APIs.  Organizations use Tintri all-flash
storage with scale-out and automation as a foundation for their own
clouds -- to build agile development environments for cloud native
applications and to run mission-critical enterprise applications.

The report from the Company's independent accounting firm KPMG LLP,
the Company's auditor since 2014, on the Company's consolidated
financial statements for the year ended Jan. 31, 2018, contains an
explanatory paragraph stating that the Company has incurred
negative cash flows from operations, is required to maintain
compliance with certain financial covenants and, regardless of the
financial covenants, the Company likely does not have sufficient
cash to meet its obligations associated with its operating
activities beyond June 30, 2018.  Together, these factors raise
substantial doubt about the Company's ability to continue as a
going concern.

Tintri incurred net losses of $157.7 million for the year ended
Jan. 31, 2018, $105.8 million for the year ended Jan. 31, 2017, and
$100.96 million for the year ended Jan. 31, 2016.  As of Jan. 31,
2018, Tintri had $76.24 million in total assets, $167.95 million in
total liabilities, and a total stockholders' deficit of $91.71
million.


TINTRI INC: Recurring Losses, Lawsuits Prompt Chapter 11 Filing
---------------------------------------------------------------
Tintri, Inc., sought Chapter 11 protection just a year after the
cloud storage startup company launched an initial public offering.

Robert Duffy, managing director with Berkeley Research Group who
has been appointed as CRO of Tintri, explained in court filings
that the company's revenue increased from $86 million in fiscal
2016 to $125.1 million in fisca1 2017, and to $125.9 million in
fisca1 2018, representing year-over-year growth of 45% and 1%,
respectively. The company's net loss was $101.0 million, $105.8
million, and $157.7 million in fisca1 2016, 2017, and 2018,
respectively.  Total assets decreased from $158.1 million as of the
end of fisca1 2016 to $104.9 million as of the end of fiscal 2017,
and to $76.2 million as of the end of fiscal 2018, representing
year-over-year change of 34% and 27%, respectively. The company
attributed flat revenue growth in fiscal 2018 in part due to
delayed and reduced purchases of products as a result of customer
concerns about Tintri's financial condition, as well as a shift in
its product mix toward lower-priced products, offset somewhat by
increased support and maintenance revenue from its growing
installed customer base.  Ultimately, the company's sales levels
have not experienced a level of growth sufficient to address its
cash burn rate and sustain its business.

Following the company's initial public offering in July 2017, four
class action lawsuits were filed against it.  In September 2017, a
class action lawsuit was commenced in the United States District
Court for the Northern District of California under the caption
Tuller v. Tintri, Inc. et al., No. 4:17-CV-05714-YGR (filed
September 18, 2017).  A consolidated complaint has been filed in
the Tuller action, which, in addition to the Debtor, names as
defendants its then-Chief Executive Officer, then-Chief Financial
Officer, and Chief Technology Officer, and alleges violations of
the Securities Act of 1933.  Three substantially similar lawsuits
were subsequently filed in California state court in the County of
San Mateo against the same parties, as well as the then-serving
members of the Board, the underwriters of the company's initial
public offering, and entities associated with several institutional
investors that invested in Tintri prior to the initial public
offering. These suits also allege violations of the Securities Act
of 1933, and are captioned Clayton v. Tintri, Inc. et al., No.
17CIV04312 (filed September 20, 2017), Nurlybayev v. Tintri, Inc.
et al., No. 17CIV04321 (filed September 21, 2017), and Golosiy v.
Tintri, Inc. et al., No. 17CIV0461 ~ (filed October 6, 2017).  The
actions have yet to be consolidated and a consolidated complaint
has yet to be filed. All four class action lawsuits are in their
initial stages and are based on similar allegations that the
company made false and misleading statements in the registration
statement and prospectus filed with the SEC in connection with its
initial public offering (IPO).  Each lawsuit is purportedly brought
on behalf of a putative class of all persons who purchased shares
of common stock pursuant or traceable to the initial public
offering, and seeks, among other things, compensatory damages and
attorney's fees and casts on behalf of the putative class.

According to Mr. Duffy, the company's IPO raised less capital than
anticipated.  Tintri's orders for new products declined, it lost a
few key customers and, consequently, its declining revenues led to
the company's difficulties in meeting day-to-day expenses, as well
as long-term debt obligations.  A few months after its IPO, in
December 2017, Tintri announced that it was in the process of
considering strategic options and had retained investment bank
advisors to assist it in this process.

In March 2018, the Board approved a restructuring and reduction in
force plan of approximately 20% of the Debtor's global workforce.

On June 15, 2018, Tintri filed a form 8-K with the Securities and
Exchange Commission, indicating that, as of Apri1 30, 2018, and May
31, 2018, Tintri held aggregate cash and cash equivalents of $30.9
million and $11.5 million, respectively.  It stated that, based on
the company's current cash projections, and regardless of whether
its lenders were to choose to accelerate the repayment of the
company's indebtedness under its credit facilities, the company
likely did not have sufficient liquidity to continue its operations
beyond June 30, 2018.  The company also cautioned that, even if it
were able to successfully pursue a sale transaction, there was a
significant possibility that the company may file for bankruptcy
protection, which could result in a complete loss of shareholders'
investment.

As of April 30, 2018, the company had $15.4 million of principal
indebtedness outstanding under its line of credit with Silicon
Valley Bank and $50.0 million under its credit facility with
TriplePoint Capital LLC, and lacked borrowing capacity available
under either credit facility.

Since May 31, 2018, the company was not in compliance with certain
financial and other covenants under these credit facilities.  In
its Form 8-K, the company revealed that it then did not, and may
not in the future, have sufficient liquidity to repay amounts
outstanding under its debt facilities should they become
immediately due and payable.

The company's financial condition led existing and potential
customers and suppliers to express concerns regarding the company's
financial condition, which negatively impacted the company's
ability to sell and ship products and services.  The company's
financial condition also adversely affected its ability to continue
to attract and retain key personnel and other employees.  Due to
continued deterioration in the Debtor's cash flow, the Debtor,
following consultation with its advisors and other professionals,
determined that the best course of action under the present
circumstances would be to file a Chapter 11 petition and to seek
the Court's approval for the prompt sale of substantially all its
assets.

                  Debtor's Sale of Assets

Shortly after the filing of the petition, the Debtor plans to file
a motion seeking approval of the sale of its assets and bid
procedures. Prior to the Petition Date, the Debtor and its advisors
have been marketing the company as a going concern.  The Debtor
will continue its efforts to sell its assets as a going concern but
if that is not feasible the Debtor will seek to sell all or
substantially all of its intellectual property portfolio and
related assets.

                         About Tintri

Founded in 20018, Tintri Inc. -- http://www.tintri.com/-- is an
enterprise cloud storage company, providing large organizations and
cloud service providers with an enterprise cloud platform that
offers public cloud capabilities inside their own data centers and
that can also connect to public cloud services.  As of Jan. 31,
2018, Tintri's customer base consisted of more than 1,500
customers, including seven of the top 15 Fortune 100 companies and
21 of the Fortune 100 companies.

Tintri, Inc., filed a Chapter 11 petition (Bankr. D. Del. Case No.
18-11625) on July 10, 2018.  The Hon. Kevin J. Carey is the case
judge.

The Debtor disclosed $76.25 million in assets and $168 million in
debt as of Jan. 31, 2018.

PACHULSKI STANG ZIEHL & JONES LLP is the Debtor's counsel.  WILSON
SONSINI GOODRICH & ROSATI is the corporate counsel. HOULIHAN LOKEY
is the financial advisor.  KURTZMAN CARSON CONSULTANTS LLC is the
claims and noticing agent.


TINTRI INC: Seeks Approval of $5.5M DIP Loan from TriplePoint
-------------------------------------------------------------
In connection with its Chapter 11 bankruptcy, Tintri Inc. on July
10, 2018, filed a motion with the Delaware Bankruptcy Court,
seeking, among other things, interim and final approval of a
proposed superpriority secured debtor-in-possession credit facility
by and between the Company and TriplePoint Capital LLC.

The Company anticipates closing on approximately $3.0 million under
the DIP Credit Agreement promptly following approval by the
Bankruptcy Court of the DIP Motion.

Tintri also seeks permission to use the cash collateral of Silicon
Valley Bank on a consensual basis.

Under the DIP Credit Agreement, TriplePoint has agreed to lend the
Company an aggregate new money principal amount of up to
approximately $5.5 million, at an annual interest rate of 12.75%.
Additionally, the DIP Credit Agreement will provide for a "roll-up"
of $25.0 million of the outstanding amount due to TriplePoint under
the Plain English Growth Capital Loan and Security Agreement, dated
as of February 6, 2015, by and between the Company and TriplePoint,
as amended.

While all amounts under the DIP Credit Agreement will receive
superpriority status (including the roll-up amount), all
indebtedness to TriplePoint will be subordinated to the Company's
outstanding loan facility with SVB.

The loan will be made available to the Company in one interim and
two anticipated final advances as follows:

     1. Interim DIP Loan: a single-draw loan facility to be
available, subject to certain terms and conditions set forth in the
DIP Credit Agreement, in aggregate principal amounts necessary to
fund the budget agreed upon with TriplePoint until the conditions
for the Final DIP Loan (as defined below) have been met (the
"Interim DIP Loan"), which amount is budgeted at approximately $3.0
million; and

     2. Final DIP Loan: a loan facility in an aggregate principal
amount of up to approximately $5.5 million (inclusive of all draws
under the Interim DIP Loan) to be available in two draws, the first
of which shall not exceed approximately $1.9 million (the "First
Final DIP Draw") and the second of which shall not exceed $0.6
million.  The amount of pre-bankruptcy debt to TriplePoint subject
to the roll-up will be added to this balance.

Upon the closing of the Interim DIP Loan, the Company shall
establish a payroll reserve of approximately $1.9 million to pay
wages, benefits, withholdings, and commissions owed to employees
and independent contractors, along with related payroll management
expenses, as set forth in the approved budget for the first 30 days
of the bankruptcy case. Upon the closing of the Final DIP Loan, the
Company will make an additional deposit into this reserve for
payroll expenses that will come due for the period from such date
through the maturity date, as set forth in the approved budget.

The DIP Loans will be used for working capital and general
corporate purposes of the Company, certain bankruptcy-related costs
and expenses, and costs and expenses related to a potential sale of
the Company's assets. The DIP Loans are prepayable and will mature
on September 14, 2018, or earlier upon occurrence of certain events
described in the DIP Credit Agreement.

The DIP Loans are subject to certain events of default, including
deviation from the approved budget, failure to achieve certain
specified bankruptcy related milestones, breach of the terms of the
DIP Credit Agreement, entry of an order by the Bankruptcy Court
that does not provide for the indefeasible payment in full in cash
to TriplePoint of the DIP Loans, appointment of a Chapter 11
trustee with enlarged powers to operate the business, filing of a
motion to dismiss or convert the case to Chapter 7 of the
Bankruptcy Code and other customary events of default. Upon an
event of default, TriplePoint may declare all amounts outstanding
under the DIP Loans immediately due and payable and seek other
customary remedies.

In connection with the Company's efforts to enter into a strategic
transaction, including a sale of the company or its assets,
following the Bankruptcy Filing, on July 8, 2018, the Company
entered into a letter of intent with DataDirect Networks, which
contemplates the purchase of substantially all of the Company's
assets by DDN under Section 363 of the Bankruptcy Code. The DDN
letter of intent is non-binding and provides no guarantee that a
transaction will be completed. The terms of any potential
transaction with DDN, or any other strategic counterparty, are
subject to a number of contingencies, including the negotiation and
execution of definitive transaction agreements, the completion of a
bidding process as provided for by the Bankruptcy Court, and final
approval of the Bankruptcy Court. Consequently, there can be no
assurance that the Company's efforts to consummate a strategic
transaction, including the proposed transaction with DDN, will be
successful. Furthermore, even if the Company were to complete a
strategic transaction, the proceeds of any such transaction may be
insufficient to allow the Company to pay its creditors in full. In
any event, the Company does not anticipate that its stockholders
will receive any return on their shares.


TINTRI INC: Seeks Court Authority to Use SVB Collateral
-------------------------------------------------------
Tintri Inc. asks the Delaware Bankruptcy Court for permission to
use the cash collateral of Silicon Valley Bank on a consensual
basis.

Tintri, which sought Chapter 11 bankruptcy protection this week a
year after its initial public offering, disclosed in a regulatory
filing with the Securities and Exchange Commission that on July 2,
2018, the Company received a letter from Silicon Valley Bank
stating that the Company is in default under an Amended and
Restated Loan and Security Agreement with SVB dated as of April 30,
2018, due to the Company's failure to comply with the minimum
liquidity covenant of the SVB Agreement for the month ended May 31,
2018, the occurrence of a Material Adverse Change to the Company
(as defined in the SVB Agreement), the Company's inability to
remain solvent or to pay its debts as they become due, and the
occurrence of an event of default under the TPC Agreement.

As a result of these events of default, the revolving credit line
and SVB's obligation to make advances under the SVB Agreement were
terminated, the outstanding balance due under the SVB Agreement
began accruing interest at the default rate of 5% above the
interest rate otherwise applicable thereto, and a termination fee
of approximately $0.1 million under the SVB Agreement became due
and payable.

On July 4, 2018, the Company received a letter from TriplePoint
stating that one or more events of default had occurred under the
TPC Agreement due to, among other things, the Company's failure to
make payments when due, the Company's inability to pay or perform
its obligations under the TPC Agreement, the Company's
acknowledgment that it cannot make payments under the TPC
Agreement, and the existence of events of default under the SVB
Agreement resulting in SVB's right to accelerate outstanding debt
under the SVB Agreement. As a result of these events of default,
the outstanding balance due under the TPC Agreement began accruing
interest at the default rate of 5% above the interest rate
otherwise applicable thereto.

Under the terms of each of the SVB Agreement and the TPC Agreement,
each of SVB and TriplePoint has the right to declare all
obligations under the respective agreements immediately due and
payable as a result of the occurrence of the respective events of
default thereunder. Neither lender has exercised its right to
accelerate the repayment of such obligations at this time. As of
the date of the Bankruptcy Filing, a total of approximately $4.6
million was outstanding under the SVB Agreement and approximately
$53.8 million was outstanding under the TPC Agreement.

The Company said the Bankruptcy Filing constituted an event of
default under each of the SVB Agreement, the TPC Agreement and each
of the Convertible Promissory Notes issued by the Company pursuant
to a Note Purchase Agreement dated May 4, 2017, by and among the
Company and the other parties thereto, under which approximately
$28.0 million was outstanding as of the date of the Bankruptcy
Filing.

Efforts to enforce payment obligations under the Debt Documents,
the creditors' rights of enforcement in respect of the Debt
Documents, and other rights and remedies, including those set forth
in the letters described above, are subject to the applicable
provisions of the Bankruptcy Code and orders of the Bankruptcy
Court.


TO YOUR HEALTH: Talks for Additional Capital Investment Delays Plan
-------------------------------------------------------------------
To Your Health Sprouted Bread & Flour Co., Inc., asks the U.S.
Bankruptcy Court for the Middle District of Alabama to extend the
period during which the Debtor has the exclusive right to file a
disclosure statement and plan of reorganization by at least 120
days.

Pursuant to Section 1121(b) of the U.S. Bankruptcy Code, a debtor
has the exclusive right to file a plan of reorganization during the
first 120 days after commencement of a Chapter 11 case; and Section
1121(d) of the Bankruptcy Code provides that the Court may, "for
cause," extend the period.

The Debtor is negotiating with a company that will allow an
additional capital investment to the Debtor.  The Debtor does not
believe that a viable Chapter 11 plan of reorganization can be
formulated within the initial period of exclusivity and that an
extension of at least an additional 120 days is necessary for
Debtor to present a viable plan.

The Debtor says that an extension of the period of exclusivity
should not harm the Debtor's creditors.  An order to pay adequate
protection has been entered on all secured creditors.

To Your Health Sprouted Bread & Flour Co., Inc., filed for Chapter
11 bankruptcy protection (Bankr. M.D. Ala. Case No. 18-30584) on
March 1, 2018.  Michael A. Fritz, Sr., at Fritz Law Firm, LLC,
serves as the Debtor's bankruptcy counsel.


TRANSOCEAN PONTUS: Moody's Rates New $600M Sec. Notes 'B1'
----------------------------------------------------------
Moody's Investors Service, assigned a B1 rating to Transocean
Pontus Limited's (a wholly owned indirect subsidiary of Transocean,
Inc.) proposed new $600 million secured notes due 2025 (Pontus
Notes). The proceeds from the notes issuance will be used to
partially finance the construction or acquisition of the Deepwater
Pontus.

The Pontus Notes issuance does not change Transocean Inc.'s
(Transocean) existing ratings including the B3 Corporate Family
Rating (CFR), Ba3 revolving credit facility rating, the ratings on
the unsecured notes and the SGL-1 Speculative Grade Liquidity
rating. The rating outlook remains negative. The B1 rating on
Transocean Guardian Limited's secured notes also does not change.

Debt List:

Assignments:

Issuer: Transocean Pontus Limited

Senior Secured Notes, Assigned B1 (LGD2)

Issuer: Transocean Pontus Limited.

Outlook, Assigned Negative

RATINGS RATIONALE

The Pontus Notes are rated B1, two notches above the B3 CFR and one
notch below the revolver's Ba3 rating, because of their security
interest in only one drillship (and the cash flow generated from
its drilling contract), and the potential for any residual claims
from these Notes to become subordinated to secured claims at
Transocean, which has provided unsecured guarantee to these notes.
Moody's believes the B1 rating is more appropriate than what is
suggested by Moody's Loss Given Default methodology.

Transocean's B3 CFR reflects the company's high financial leverage
which could worsen unless there is a significant improvement in
offshore activity. Moody's expects that, if anemic industry
conditions persist, it may result in the run-off of Transocean's
premium-priced contracts amid a persistence of weak dayrates
resulting from stagnant rig utilization levels. The company is
obligated to spend approximately $1 billion in 2020 to take the
delivery of two rigs under construction that currently have no
contracts. However, the company believes that the delivery of the
two new rigs may be further delayed if necessary, due to market
conditions.

Transocean benefits from its superior revenue backlog of $12.5
billion and the company's measures to reduce operating costs,
address debt maturities and enhance operational utilization of its
active rigs. The absence of significant near term maturities that
cannot be managed through the company's very good liquidity
mitigates the default risk despite high financial leverage.
Transocean's acquisition of Songa in 2018 somewhat enhanced
Transocean's credit profile by diversifying the company's fleet
through the addition of five new harsh-environment rigs (four of
them on long-term contracts), and through additional revenue
backlog with Equinor ASA (formerly Statoil, Aa3 stable), Norway's
national oil company.

The rating outlook is negative, reflecting Moody's concerns that a
meaningful and sustained offshore drilling recovery could be beyond
2019, particularly given the current oversupply of deepwater and
ultradeepwater rigs.

The ratings could be downgraded if interest coverage
(EBITDA/Interest) approaches 1x. A material loss of backlog,
significant negative free cash flow or weakening of liquidity could
also pressure the ratings.

An upgrade is unlikely given Moody's expectations of continuing
weak industry conditions and high financial leverage over the next
few years. If Transocean can achieve sequential increases in EBITDA
in an improving offshore drilling market while maintaining good
liquidity and the company's interest coverage exceeds 2x, an
upgrade could be considered.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.

Transocean Inc. is a wholly-owned subsidiary of Transocean Ltd., a
leading international offshore drilling contractor operating in
every major offshore producing basin around the world.


TRANSOCEAN PONTUS: S&P Rates $600MM Secured Notes Due 2025 'BB-'
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating to Cayman
Islands-based offshore drilling contractor Transocean Inc.
subsidiary Transocean Pontus Ltd's proposed $600 million secured
notes due 2025. The notes are secured by the seventh generation
ultra-deepwater drillship Deepwater Pontus, which is under
long-term contract with a wholly owned subsidiary of Royal Dutch
Shell PLC through October 2027 at a favorable day-rate relative to
current market conditions. The notes are fully and unconditionally
guaranteed by parent companies Transocean Inc. and Transocean Ltd.,
and collateral rig-owning subsidiaries. The recovery rating on this
debt is '1', indicating S&P's expectation of very high (90% to
100%, rounded estimate: 95%) recovery to creditors in the event of
a payment default.   

S&P expects proceeds to be used to refinance debt incurred in the
construction of the Deepwater Pontus.  

The corporate credit rating on Transocean Inc. remains 'B' with a
negative outlook .

RECOVERY ANALYSIS

Key analytical factors

S&P said, "We value the company on a discrete asset-value basis,
based on net book value and estimated appraisal values of the
company's fleet.

"We estimate that for the company to default it would require a
sustained period of minimal demand for offshore contract drilling
services. This would likely result from sustained low oil prices or
a permanent shift toward onshore resources.
We based our recovery analysis on net enterprise value for
Transocean (net of 7% administration expense) of about $6.8
billion. In our view, the company's creditors would realize greater
value through a reorganization of the company than through a
liquidation of its assets.

"Our analysis assumes the company's secured credit facility has a
first-priority security interest in the Invictus, Inspiration,
Asgard, Barents, and Spitsbergen rigs, while its secured notes have
a first-priority security interest in the Proteus, Thalassa,
Conqueror and Pontus drillships, and the Encourage and Enabler
harsh environment rigs, and, other than the notes secured by the
Conqueror, are guaranteed by parent companies Transocean Inc. and
Transocean Ltd. We assume the secured debt ranks equally in right
of payment with the company's unsecured debt with subsidiary
guarantees with respect to its other assets (other than Global
Marine Inc.)

"With regard to Transocean's unsecured debt with subsidiary
guarantees, our recovery expectations numerically exceed 90%, but
we cap the recovery rating on unsecured debt for companies in the
'B' rating category at '2', indicating the potential for meaningful
(70% to 90%) recovery of principal, to reflect the heightened risk
of additional priority or pari passu debt being added along the
path to default.

"Notes issued by Global Marine Inc. do not benefit from guarantees
and we base our recovery analysis of the notes on our assessment of
recovery value at the subsidiary in a hypothetical default
scenario."

Simulated default assumptions

-- Simulated year of default: 2021

-- Jurisdiction (Rank A): Although Transocean Inc is incorporated
in the Cayman Islands, with parent company Transocean Ltd
headquartered in Switzerland, S&P believes it would most likely
file for bankruptcy protection or restructure under the U.S.
bankruptcy code given its nexus in the U.S.

-- Transocean's $1 billion revolving credit facility (which
matures in 2023) is 60% utilized, with total outstanding borrowings
at the time of S&P's hypothetical default of about $610 million.
S&P's 60% assumption is in accordance with its general guidelines
for asset-backed lending (ABL) facilities.

-- S&P has assumed that all non-amortizing debt instruments
maturing before 2021--which we have identified as our hypothetical
year of default--will be refinanced or extended on similar terms.

-- S&P assumes the secured term loans acquired in the Songa
transaction are repaid in full with proceeds from recent debt
issues and cash on hand.  

Simplified waterfall (Transocean Inc.)

-- Net enterprise value (after 7% bankruptcy administrative
costs): $6.8 billion
-- Secured first lien debt at hypothetical default (including the
credit facility and secured notes): $2.4 billion
    --Recovery expectations: 90%-100% (Rounded estimate: 95%)
-- Total value available to unsecured claims: $4.4 billion
-- Senior unsecured debt (with subsidiary guarantees): $2.5
billion
    --Recovery expectations: 70% to 90% (Rounded estimate: 85%)
-- Total value available to subordinated unsecured claims: $1.8
billion
-- Senior subordinated unsecured debt: $3.6 billion
    --Recovery expectations: 50% to 70% (Rounded estimate: 50%)

Simplified Waterfall (Global Marine):

-- Net enterprise value (after 5% administrative costs): $28
million
-- Senior unsecured debt: $310 million
    --Recovery expectations: 0% to 10% (rounded estimate: 5%)

Notes: All debt amounts include six months of prepetition interest

  Ratings List

  Transocean Inc.  
  Corporate credit rating                B/Negative/--

  Ratings Assigned
  Transocean Pontus Ltd  
  Senior secured
   $600 mil. notes due 2025              BB-
    Recovery rating                      1(95%)


UNION COUNTY TRANSPORT: Plan Outline OK'd; Aug. 15 Plan Hearing
---------------------------------------------------------------
Bankruptcy Judge Sheri Bluebond approved Union County Transport,
Inc.'s second amended disclosure statement in support of its second
amended plan dated June 18, 2018.

July 31, 2018 is the deadline to file and serve any objections to
the Plan confirmation, and the deadline to return completed ballots
to Debtor's Counsel.

Debtor's Plan Confirmation Hearing is scheduled for August 15, 2018
at 2:00 p.m.

            About Union County Transport, Inc.

Union County Transport Inc, filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Cal. Case No. 17-21514) on September 19, 2017,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by Michael Jay Berger, Esq., at the Law
Offices of Michael Jay Berger.


VER TECHNOLOGIES: Plan Hearing Rescheduled to July 26
-----------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
VER Technologies HoldCo's motion to rescheduled a confirmation
hearing and certain dates with respect thereto. The Order states,
"The Disclosure Statement Order scheduled July 13, 2017 at 10:00
a.m. (the Confirmation Hearing) as the hearing to consider
confirmation of the Debtors' Plan and fixed other dates in
connection with to the Confirmation Hearing. The Debtors,
Production Resource Group (the PRG), GSO Capital Partners LP on
behalf the Prepetition Term Loan Lenders and DIP Term Lenders
(collectively, the GSO Lenders), and the official committee of
unsecured creditors, have agreed to reschedule the Confirmation
Hearing to July 26, 2018 at 10:00 a.m. (the 'Rescheduled
Confirmation Hearing') and to reschedule certain related dates.
July 9, 2018 shall be the date by which the Plan Supplement must be
filed with the Court and served; July 19, 2018 shall be the date by
which objections to the Plan must be filed with the Court and
served so as to be actually received by the appropriate notice
parties as identified in the Disclosure Statement Order (the 'Plan
Objection Deadline'); July 24, 2018 shall be the date by which the
voting certification must be filed with the Court; July 24, 208
shall be the date by which responses to objections to the Plan must
be filed with the Court."

                      About VER Technologies

VER Technologies is a global provider of production equipment and
engineering support.  With the world's largest inventory of rental
equipment, VER supplies the most advanced technology to a broad
array of clients in the TV, cinema, live events, broadcast and
corporate markets.  Clients rely on VER's depth of experience in
Broadcast, Audio, Video, Lighting, LED, Cameras, Rigging, Media
Servers, Fiber and more.  With 35 offices across North America and
Europe, 24/7 support, and unparalleled expertise, VER can support
any live or taped production anywhere in the world.

VER Technologies, et al., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. Del. Case No. 18-10834) on April 5, 2018.

The Hon. Kevin Gross presides over the case.

The Debtors tapped Kirkland & Ellis LLP and Klehr Harrison Harvey
Branzburg LLP as their legal counsel; AlixPartners LLP as
restructuring advisor; PJT Partners as financial advisor; and
Kurtzman Carson Consultants LLC as claims and noticing agent.  

Skadden, Arps, Slate, Meagher & Flom LLP, and Perella Weinberg
Partners serve as advisors to Bank of America Merrill Lynch.  FTI
Consulting and Morgan, Lewis & Bockius LLP serve as advisors to GSO
Capital Partners.

The Office of the U.S. Trustee for Region 3 appointed an official
committee of unsecured creditors on April 12, 2018.  The committee
tapped Whiteford Taylor & Preston LLC and Sulmeyerkupetz, a
Professional Corporation, as legal counsel.


VETCOR ACQUISITION: S&P Gives B Corp. Credit Rating, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Hingham, Mass.-based VetCor Acquisition LLC. The outlook is
stable.

S&P said, "At the same time, we assigned 'B' issue-level and '3'
recovery ratings to the proposed first-lien facility consisting of
$50 million revolver ($10 million drawn at close), $450 million
first-lien term loan, and $95 million first-lien delayed-draw term
loan (undrawn at close). The '3' recovery rating reflects our
expectation for meaningful recovery (50%-70%; rounded estimate:
55%) in the event of a payment default.

"In addition, we assigned 'CCC+' issue-level and '6' recovery
ratings to the proposed second-lien facility, consisting of a $195
million second-lien term loan and $40 million second-lien
delayed-draw term loan (unfunded at close). The '6' recovery rating
reflects our expectation for negligible recovery (0%-10%; rounded
estimate: 0%) in the event of a payment default.

"Our 'B' corporate credit rating on VetCor reflects the company's
solid market position in the attractive but niche and highly
fragmented veterinary services industry. However, VetCor lacks
diversity and scale compared to the top players in the market. The
acquisition by Oak Hill Capital Partners increases adjusted
leverage significantly to 9.1x. While we expect leverage to decline
as EBITDA grows, the acquisition-driven nature of the business
strategy will likely lead to funded leverage sustained above 7x.

"The stable outlook reflects our expectation that VetCor will
continue to generate acquisition-driven double-digit percentage
revenue growth as well as keep stable EBITDA margins. At the same
time, we expect the company's aggressive debt-financed growth
strategy will cause it to sustain funded leverage above 7x through
2019."


WACHUSETT VENTURES: Unsecured Creditors to Recoup 5% Over 6 Years
-----------------------------------------------------------------
Wachussett Ventures, LLC, and its affiliates filed a disclosure
statement for their joint chapter 11 plan of reorganization dated
June 26, 2018.

With the Plan, the WV Debtors seek to restructure their balance
sheet and emerge as financially healthy operating facilities. In
connection with the Plan, the WV Debtors? secured and lease
obligations to the Sabra Entities will be restructured and/or
forgiven and unsecured creditors will receive an expected
distribution of approximately 5% of their Allowed Claim paid over a
term of six years and will not bear interest.

While the WV Debtors' estates are not being substantively
consolidated, distributions to unsecured creditors will be made as
if they were substantively consolidated.

The WV Debtors' obligations to CCP Finance and their Master
Landlords are cross-collateralized. The Massachusetts Master Lease
expires on Jan. 31, 2020 and the
Connecticut Master Lease expires (subject to certain renewal
options) on or about March 1, 2026. The Master Landlords are under
no obligation to amend the Massachusetts Master Lease or
Connecticut Master Lease and its agreement to do so, in connection
with the restructuring, is contingent on continued
cross-collateralization and the maintenance of a master lease
structure. This means that any value available for unsecured
creditors will flow from a willingness of the Master Landlords to
allow distributions. The WV Debtors are not aware of any
unencumbered asset that is the property of any particular WV
Debtor. Accordingly, while each WV Debtor may have a different
amount of unsecured debt, and all intercompany transactions can be
traced, no grounds exist for varying the distributions among the
various estates. Furthermore, the cost and expense of the
accounting and expected litigation to fix these amounts cannot be
justified. Accordingly, the WV Debtors have proposed that all
unsecured creditors be treated in a single class, regardless of
which particular WV Debtor such claim is asserted against.


Under the Plan, the WV Debtors' health care plans (including
medical plans, dental plans, vision plans, prescription plans,
health savings accounts and spending accounts), retiree benefit
programs, defined contribution plans, severance plans,
discretionary bonus plans, performance-based incentive plans,
long-term incentive plans, retentions plans, workers' compensation
programs and life, disability, accidental death and dismemberment,
directors and officers liability, and other insurance plans are
treated as Executory Contracts under this Plan and will, on the
Effective Date be deemed assumed by the WV Debtors in accordance
with sections 365(a) and 1123(b)(2) of the Bankruptcy Code. On and
after the Effective Date, all Claims submitted for payment in
accordance with the foregoing benefit programs, whether submitted
prepetition or post-petition, will be processed and paid in the
ordinary course of business of the applicable Reorganized Debtors,
in a manner consistent with the terms and provisions of those
benefit programs. Notwithstanding any other provision of the Plan,
the cure obligations, if any, related to the assumptions of each of
the collective bargaining agreements or modified collective
bargaining agreements, will be satisfied by the applicable
Reorganized Debtors by payment, in the ordinary course.

All consideration necessary for the Reorganized Debtors to make
payments or distributions will be obtained from Cash from the WV
Debtors, including Cash from business operations, and the New Value
Contribution or borrowing contemplated and provided for in the
Plan. Further, the WV Debtors and the Reorganized Debtors will be
entitled to transfer funds between and among themselves as they
determine to be necessary or appropriate to enable the Reorganized
Debtors to satisfy their obligations under the Plan. Any changes in
intercompany account balances resulting from such transfers will be
accounted for and settled in accordance with the WV Debtors?
historic intercompany account settlement practices and will not
violate the terms of the Plan.

The Sabra Entities or an affiliate will provide the Reorganized
Debtors with post-confirmation financing in the form of a line of
credit in the amount of $500,000, or such lesser amount as may be
required to bridge any cash flow shortages needed to fund any
short-term cash flow shortfalls projected and disclosed in the Plan
Supplement. The terms and conditions of such post-confirmation
financing, including the interest and payment terms, will be
reflected in the documentation included in the Plan Supplement.
Such financing will be documented in form and substance acceptable
to the Sabra Entities, fully secured by all assets of the
Reorganized Debtors with a first priority security interest, and
cross-collateralized and cross-defaulted with all other obligations
due to the Sabra Entities under the Plan. At the option of the
Sabra Entities and the WV Debtors, the repayment of the
post-confirmation financing may be incorporated into the New CCP
Note or the CCP DIP Payment Note.

A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/mab18-11053-502.pdf

               About Wachusett Ventures

Founded in 2013, Wachusett Ventures, LLC operates five skilled
nursing facilities in Connecticut and Massachusetts and employ
approximately 600 people.  For the fiscal year 2017, their gross
revenue was approximately $54 million.

Wachusett Ventures and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Lead Case No.
18-11053) on March 26, 2018.

In the petitions signed by Steven Vera, chief operating officer,
Wachusett Ventures estimated assets of $1 million to $10 million
and liabilities of less than $1 million.

Judge Frank J. Bailey presides over the case.  

The Debtors hired Nixon Peabody LLP as legal counsel; CBIZ
Accounting, Tax & Advisory of New York, LLC as financial advisor;
Marcum LLP as accountant; and Donlin, Recano & Company, Inc., as
claims and noticing agent.

The U.S. Trustee for Region 1 on April 6 appointed five creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 cases of Wachusett Ventures, LLC, and its affiliates.


WEATHERFORD INTERNATIONAL: Will Sell Drilling Rig Businesses
------------------------------------------------------------
A subsidiary of Weatherford International plc has signed a
definitive agreement with ADES International Holding Ltd. for the
sale of Weatherford's land drilling rig operations in Algeria,
Kuwait and Saudi Arabia as well as two idle land rigs in Iraq, for
an aggregate cash purchase price of $287.5 million.  The
Transaction includes 31 land drilling rigs and related drilling
contracts, as well as approximately 2,300 employees and contract
personnel.

The Transaction is expected to be executed in a series of closings,
most of which will be substantially completed in the second half of
2018, subject to regulatory approvals, consents and other customary
closing conditions.  The purchase price is also subject to a
customary post-closing working capital adjustment. Upon closing,
Weatherford will use the proceeds to reduce its debt.

"We are pleased to have signed an agreement with ADES, a company
that is known for providing high quality and efficient services
with an extensive track record of serving leading regional and
global oil and gas customers," said Mark A. McCollum, president and
chief executive officer of Weatherford.  "ADES is acquiring an
efficient fleet of land drilling rigs and a dedicated workforce
with more than 60 years of experience in delivering drilling
efficiency, operational excellence, and first-class safety.  It was
very important to us to find a buyer who will continue to provide
the same level of service quality, safety and dedication to
customers in this region."

Commenting on the Transaction, Dr. Mohamed Farouk, chief executive
officer of ADES International Holding, said: "We are truly
delighted to have signed this agreement with Weatherford, where its
reputation as one of the world's largest oilfield service companies
and its deep-rooted knowledge and experienced professionals in over
90 countries guarantees that this substantial asset and personnel
addition will be a net positive for ADES.  This landmark
Transaction significantly expands ADES' total fleet and more than
doubles its operational fleet, in line with our strategy of
executing smart acquisitions, alongside building our backlog and
participation in tenders.  Similar to our prior acquisitions, ADES
is committed to the swift value extraction of its acquired assets
utilizing the Company's focused business model."

This Transaction is the second in a series of previously announced
planned divestitures, designed to maximize Weatherford shareholder
value by refocusing the Company's portfolio on the businesses most
closely aligned with its long-term strategy and to reduce its debt.
Following this Transaction, Weatherford plans to divest its
remaining land drilling rigs through a series of smaller sales in
the coming quarters.

                       About Weatherford

Weatherford (NYSE: WFT), an Irish public limited company and Swiss
tax resident -- http://www.weatherford.com/-- is a multinational
oilfield service company providing innovative solutions, technology
and services to the oil and gas industry.  The Company operates in
over 90 countries and has a network of approximately 780 locations,
including manufacturing, service, research and development, and
training facilities and employs approximately 28,700 people.

Weatherford reported a net loss attributable to the Company of
$2.81 billion in 2017, a net loss attributable to the Company of
$3.39 billion in 2016, and a net loss attributable to the Company
of $1.98 billion in 2015.

As of March 31, 2018, Weatherford had $9.33 billion in total
assets, $10.23 billion in total liabilities and a total
shareholders' deficit of $898 million.

                        *     *     *

As reported by the TCR on May 9, 2018, Fitch Ratings affirmed and
withdrew the ratings of Weatherford International plc, including
the Long-term Issuer Default Rating (IDR) at 'CCC'.  Fitch had
withdrawn Weatherford's ratings for commercial reasons.  Fitch said
it reserves the right in its sole discretion to withdraw or
maintain any rating at any time for any reason it deems sufficient.


[*] DLA Piper Canada Adds New Partner Ilia Danef
------------------------------------------------
DLA Piper (Canada) LLP said Ilia Danef has joined the firm as a
partner in the Toronto office. Ilia brings with him an extensive
finance practice with a focus on debt finance. He also regularly
represents clients in corporate transactions and mergers and
acquisitions in the projects, energy and infrastructure and the
financial institutions sectors.

Ilia acts as lead counsel for lenders and borrowers in relation to
different types of financings, including project financing (in
particular in the area of natural resources and projects and
infrastructure), acquisition financing (in particular in relating
to projects and infrastructure), export credit financing,
investment grade loans, telecom financing, asset based loans as
well as general corporate loans.

Ilia acts on behalf of issuers, holders and trustees in relation to
the debt aspects of bond offerings in the capital markets. In
addition, Ilia's practice has a general corporate component in
which he regularly acts for sellers and buyers in various
industries and sectors.

Before joining DLA Piper, Ilia spent 12 years with a large Canadian
law firm and ten years with two other large international firms,
including five years in London and Amsterdam in the Finance group
of a large international firm. During that time, he spent seven
months in-house with ABN AMRO Bank N.V, the largest Dutch bank at
the time with their acquisition finance, telecom and investment
grade teams.

"Ilia's international experience and familiarity with banking and
finance across multiple jurisdictions is an ideal fit for our
global platform," said Rob Seidel, Q.C., Canada Managing Partner.
"With a deep list of notable transactions behind him, Ilia is a
welcome complement to the strength of our Finance group."

As part of DLA Piper's Finance team, we offer comprehensive and
seamless cross-jurisdictional service to help international
companies navigate complex challenges, maximize value and minimize
risk. The addition of Ilia reinforces the firm's steadfast focus in
providing our clients with the top-tier legal advice associated
with a full-service global law firm.

Contacts:

Tara Samuel
DLA Piper (Canada) LLP
+1 416 369 5259
E-mail: tara.samuel@dlapiper.com


[] 2018 DI Conference Discount Tickets Available for Early Birds
----------------------------------------------------------------
Early registration discount tickets are currently available for
Beard Group's 2018 Distressed Investing (DI) Conference to be held
Monday, Nov. 26, 2018.  The day-long program, marking the event's
25th year, will be held at The Harmonie Club, 4 East 60th Street,
New York, NY 10022. To register for the one-day conference visit:

          https://www.distressedinvestingconference.com/

Conway MacKenzie, Foley & Lardner, Longford Capital and Development
Specialist Inc. (DSI) will again be partnering with Beard Group as
it marks the conference's Silver Anniversary.  This milestone
denotes the event as the oldest, influential DI conference in the
U.S.

Debtwire will again be a media sponsor of the conference.

For a quarter of a century, the DI Conference's focus has been on
"Maximizing Profits in the Distressed Debt Market."  The event also
serves as a forum for leaders in corporate restructuring, lending
and debt and equity investments to gather and discuss the latest
topics and trends in the distressed investing industry, as well as
exchange ideas about high-profile chapter 11 bankruptcy proceedings
and out-of-court restructurings. These are distinguished
professionals who place their resources and reputations at risk to
produce stellar results by preserving jobs, rebuilding broken
businesses, and efficiently redeploying underutilized assets in the
marketplace.

The conference will also feature the:

     * Luncheon presentation of the Harvey K Miller Award to
       Edward I. Altman, Professor of Finance, Emeritus, New York
       University's Stern School of Business. (The award will be
       presented by last year's winner billionaire Marc Lasry,
       Altman's former student.)

     * Evening awards dinner recognizing the 12 Outstanding
       Restructuring Lawyers

To learn how you can be a sponsor and participate in shaping the
day-long program, contact:

           Bernard Tolliver at bernard@beardgroup.com
                  or Tel: (240) 629-3300 x-149

To learn about media sponsorship opportunities to bring your outlet
into the view of leaders in corporate restructuring, lending and
debt and equity investments, and to expand your network of news
sources, contact:

                Jeff Baxt at jeff@beardgroup.com
                   or (240) 629-3300, ext 150


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re PMP Realestate Solutions LLC
   Bankr. C.D. Cal. Case No. 18-11647
      Chapter 11 Petition filed June 29, 2018
         Filed Pro Se

In re Executive Non-Emergency Transportation Inc.
   Bankr. M.D. Fla. Case No. 18-03958
      Chapter 11 Petition filed June 29, 2018
         represented by: Kelli B Hastings, Esq.
                         THE LAW OFFICE OF KELLI BIFERIE HASTINGS
                         E-mail: khastings@kbhastingslaw.com

In re Camilo R. Otero
   Bankr. S.D. Fla. Case No. 18-178881
      Chapter 11 Petition filed June 29, 2018
         represented by: Susan D. Lasky, Esq.
                         E-mail: ECF@suelasky.com

In re St Titus Misionary Baptist Church
   Bankr. N.D. Ill. Case No. 18-18671
      Chapter 11 Petition filed June 29, 2018
         represented by: Gilberto R Rivera, Esq.
                         RIVERA & ASSOCIATES
                         E-mail: gilriveralaw@gmail.com

In re AA Productions, LLC
   Bankr. W.D. La. Case No. 18-11001
      Chapter 11 Petition filed June 29, 2018
         represented by: Robert W. Raley, Esq.
                         AYRES, SHELTON, WILLIAMS, ET AL
                         E-mail: rrbankruptcy@arklatexlaw.com

In re The Boston Language Institute, Inc.
   Bankr. D. Mass. Case No. 18-12508
      Chapter 11 Petition filed June 29, 2018
         represented by: John F. Sommerstein, Esq.
                         LAW OFFICES OF JOHN F. SOMMERSTEIN
                         E-mail: jfsommer@aol.com

In re Michael Louis Gallucci
   Bankr. D.N.J. Case No. 18-23090
      Chapter 11 Petition filed June 29, 2018
         represented by: Thaddeus R. Maciag, Esq.
                         MACIAG LAW, LLC
                         E-mail: MaciagLaw1@aol.com

In re Phyllis J. Haney
   Bankr. W.D. Pa. Case No. 18-22636
      Chapter 11 Petition filed June 29, 2018
         represented by: Robert O Lampl, Esq.
                         ROBERT O LAMPL LAW OFFICE
                         E-mail: rol@lampllaw.com

In re Anwar Thib Ahmad
   Bankr. N.D. Tex. Case No. 18-42513
      Chapter 11 Petition filed June 29, 2018
         represented by: Behrooz P. Vida, Esq.
                         THE VIDA LAW FIRM, PLLC
                         E-mail: filings@vidalawfirm.com

In re Park Ten Investments, LLC
   Bankr. S.D. Tex. Case No. 18-33502
      Chapter 11 Petition filed June 29, 2018
         represented by: Margaret Maxwell McClure, Esq.
                         LAW OFFICE OF MARGARET M. MCCLURE
                         E-mail: margaret@mmmcclurelaw.com

In re Edward A. Dawson and Marcia A. Meade
   Bankr. E.D. Wash. Case No. 18-01857
      Chapter 11 Petition filed June 29, 2018
         represented by: Dan ORourke, Esq.
                         SOUTHWELL & OROURKE
                         E-mail: dorourke@southwellorourke.com

In re Samuel Young Oh
   Bankr. C.D. Cal. Case No. 18-17609
      Chapter 11 Petition filed July 1, 2018
         represented by: Kevin Tang, Esq.
                         TANG & ASSOCIATES
                         E-mail: tangkevin911@gmail.com

In re Michelle Carter
   Bankr. C.D. Cal. Case No. 18-17610
      Chapter 11 Petition filed July 1, 2018
         represented by: Kevin Tang, Esq.
                         TANG & ASSOCIATES
                         E-mail: tangkevin911@gmail.com

In re Hung T Tran
   Bankr. N.D. Cal. Case No. 18-41537
      Chapter 11 Petition filed July 2, 2018
         represented by: Lars T. Fuller, Esq.
                         The Fuller Law Firm
                         E-mail: Fullerlawfirmecf@aol.com

In re Akeem Abdullah Makeen
   Bankr. D. Colo. Case No. 18-15794
      Chapter 11 Petition filed July 2, 2018
         Filed Pro Se

In re Corey Hayes
   Bankr. M.D. Fla. Case No. 18-02294
      Chapter 11 Petition filed July 2, 2018
         Filed Pro Se

In re BC Express Mart LLC
   Bankr. M.D. Ga. Case No. 18-51236
      Chapter 11 Petition filed July 2, 2018
         Filed Pro Se

In re Michael G Collins
   Bankr. S.D. Ga. Case No. 18-60277
      Chapter 11 Petition filed July 2, 2018
         represented by: James L. Drake, Jr., Esq.
                         E-mail: jdrake@drakefirmpc.com

In re Tamara M. Gund
   Bankr. D.N.J. Case No. 18-23339
      Chapter 11 Petition filed July 2, 2018
         represented by: Eugene D. Roth, Esq.
                         LAW OFFICE OF EUGENE D. ROTH
                         E-mail: erothesq@gmail.com

In re 167 West 133rd Street Housing Development Fund Corp
   Bankr. S.D.N.Y. Case No. 18-12043
      Chapter 11 Petition filed July 2, 2018
         Filed Pro Se

In re Michael P. Tricaso and Lisa D. Tricaso
   Bankr. N.D. Ohio Case No. 18-51582
      Chapter 11 Petition filed July 2, 2018
         represented by: Peter G. Tsarnas, Esq.
                         GOLDMAN & ROSEN, LTD.
                         E-mail: ptsarnas@goldman-rosen.com

In re Daniel M Soto, DC and Yurika R Soto
   Bankr. E.D. Tex. Case No. 18-41457
      Chapter 11 Petition filed July 2, 2018
         represented by: Gary G. Lyon, Esq.
                         E-mail: glyon.attorney@gmail.com

In re Shreedevi AA Corporation
   Bankr. N.D. Tex. Case No. 18-70202
      Chapter 11 Petition filed July 2, 2018
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re Valencia Bell
   Bankr. S.D. Tex. Case No. 18-33641
      Chapter 11 Petition filed July 2, 2018
         represented by: Nelson M Jones, III, Esq.
                         LAW OFFICE OF NELSON M. JONES III
                         E-mail: njoneslawfirm@aol.com

In re Selena Buentello
   Bankr. W.D. Tex. Case No. 18-51581
      Chapter 11 Petition filed July 2, 2018
         represented by: Dean William Greer, Esq.
                         E-mail: dwgreer@sbcglobal.net

In re Brian Thomas Twilley
   Bankr. E.D. Va. Case No. 18-72335
      Chapter 11 Petition filed July 2, 2018
         represented by: Karen M. Crowley, Esq.
                         CROWLEY, LIBERATORE, RYAN & BROGAN, P.C.
                         E-mail: kcrowley@clrbfirm.com

In re Mohajer12 Corp.
   Bankr. S.D. Ala. Case No. 18-02674
      Chapter 11 Petition filed July 3, 2018
         represented by: Barry A. Friedman, Esq.
                         FRIEDMAN, POOLE & FRIEDMAN, P.C.
                         E-mail: bky@bafmobile.com

In re Templer Acquisitions, LLC
   Bankr. N.D. Ga. Case No. 18-61126
      Chapter 11 Petition filed July 3, 2018
         Filed Pro Se

In re Dennis Alton Waters, Jr
   Bankr. S.D. Ga. Case No. 18-40925
      Chapter 11 Petition filed July 3, 2018
         represented by: C. James McCallar, Jr., Esq.
                         MCCALLAR LAW FIRM
                         E-mail: mccallar@mccallarlawfirm.com

In re Cameron Woods, LLC
   Bankr. S.D. Ga. Case No. 18-40927
      Chapter 11 Petition filed July 3, 2018
         represented by: C. James McCallar, Jr., Esq.
                         MCCALLAR LAW FIRM
                         E-mail: mccallar@mccallarlawfirm.com

In re Dunlevie Holdings, LLC
   Bankr. S.D. Ga. Case No. 18-40928
      Chapter 11 Petition filed July 3, 2018
         represented by: C. James McCallar, Jr., Esq.
                         MCCALLAR LAW FIRM
                         E-mail: mccallar@mccallarlawfirm.com

In re Zenaida Pattugalan Estaris
   Bankr. E.D.N.Y Case No. 18-43889
      Chapter 11 Petition filed July 3, 2018
         represented by: James H Shenwick, Esq.
                         SHENWICK & ASSOCIATES
                         E-mail: jshenwick@gmail.com

In re WayCross Vista Inc.
   Bankr. E.D.N.Y. Case No. 18-43892
      Chapter 11 Petition filed July 3, 2018
         Filed Pro Se

In re Edward M. Yambo MD, PC
   Bankr. E.D.N.Y. Case No. 18-74496
      Chapter 11 Petition filed July 3, 2018
         represented by: Gabriel Del Virginia, Esq.
                         LAW OFFICES OF GABRIEL DEL VIRGINIA
                         E-mail: gabriel.delvirginia@verizon.net

In re Nutmeg Music, Incorporated
   Bankr. S.D.N.Y. Case No. 18-12056
      Chapter 11 Petition filed July 3, 2018
         represented by: Richard E. Weltman, Esq.
                         WELTMAN & MOSKOWITZ, LLP
                         E-mail: rew@weltmosk.com

In re J,T,M Steaks Corp
   Bankr. M.D. Fla. Case No. 18-05583
      Chapter 11 Petition filed July 4, 2018
         represented by: Michael R. Dal Lago, Esq.
                         DAL LAGO LAW
                         E-mail: mike@dallagolaw.com

In re Fellowship World Inc.
   Bankr. W.D.N.Y. Case No. 18-11306
      Chapter 11 Petition filed July 4, 2018
         represented by: Matthew Allen Lazroe, Esq.
                         LAW OFFICE OF MATTHEW A. LAZROE
                         E-mail: lazroebankruptcy@gmail.com

In re Jennifer K. Wilhelmsen
   Bankr. N.D. Cal. Case No. 18-51488
      Chapter 11 Petition filed July 5, 2018
         represented by: Mufthiha Sabaratnam, Esq.
                         SABARATNAM AND ASSOCIATES
                         E-mail: mufti@taxandbklaw.com

In re CD Management, LLC
   Bankr. W.D. Ky. Case No. 18-32078
      Chapter 11 Petition filed July 5, 2018
         represented by: Michael W. McClain, Esq.
                         MCCLAIN DEWEES, PLLC
                         E-mail: mmcclain@mcclaindewees.com

In re Frida Babaev and Michael Babaev
   Bankr. E.D.N.Y. Case No. 18-43912
      Chapter 11 Petition filed July 5, 2018
         represented by: Alla Kachan, Esq.
                         E-mail: alla@kachanlaw.com

In re William C. Bryggman and Deborah A. Bryggman
   Bankr. E.D.N.Y. Case No. 18-74538
      Chapter 11 Petition filed July 5, 2018
         represented by: Sarah M Keenan, Esq.
                         SFERRAZZA & KEENAN
                         E-mail: skeenan@sferrazzakeenan.com

In re JJ Bella, Inc.
   Bankr. W.D. Pa. Case No. 18-22722
      Chapter 11 Petition filed July 5, 2018
         represented by: Robert H. Slone, Esq.
                         MAHADY & MAHADY
                         E-mail: robertslone223@gmail.com

In re Joseph Raymond Bilbao
   Bankr. M.D. Tenn. Case No. 18-04463
      Chapter 11 Petition filed July 5, 2018
         represented by: Steven L. Lefkovitz, Esq.
                         LAW OFFICES LEFKOVITZ & LEFKOVITZ
                         E-mail: slefkovitz@lefkovitz.com

In re Reynolds Development Company, LLC
   Bankr. D. Neb. Case No. 18-41099
      Chapter 11 Petition filed July 6, 2018
         represented by: John C. Hahn  , Esq.
                         WOLFE, SNOWDEN, HURD, LUERS & AHL, LLP
                         E-mail: bankruptcy@wolfesnowden.com

In re John B. Canuso, Sr. and Joan E. Canuso
   Bankr. D.N.J. Case No. 18-23619
      Chapter 11 Petition filed July 6, 2018
         represented by: Nella M. Bloom, Esq.
                         BIELLI & KLAUDER LLC
                         E-mail: nbloom@bk-legal.com

In re JCV Trucking Corp.,
   Bankr. D.N.J. Case No. 18-23621
      Chapter 11 Petition filed July 6, 2018
         represented by: Scott C. Pyfer, Esq.
                         PYFER LAW GROUP, LLC
                         E-mail: scott@pyferlawgroup.com

In re 2413 Quarrion, LLC
   Bankr. D. Nev. Case No. 18-14022
      Chapter 11 Petition filed July 6, 2018
         represented by: Michael N. Beede, Esq.
                         LAW OFFICE OF MIKE BEEDE, PLLC
                         E-mail: mike@legallv.com

In re French Roma Polo, Inc.
   Bankr. E.D.N.Y. Case No. 18-43916
      Chapter 11 Petition filed July 6, 2018
         Filed Pro Se


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***