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

              Wednesday, October 10, 2018, Vol. 22, No. 282

                            Headlines

4 WEST HOLDINGS: $227M Sale of Restructuring Portfolio Approved
4 WEST HOLDINGS: Order on Valuation of Transfer Portfolio Issued
ACTIVECARE INC: Assets Sale to TelCare Approved
ALBERT EINSTEIN ACADEMIES: S&P Alters Outlook on Bonds to Positive
ALLEN CROSTHWAIT: Disputed Property Owned by D. Baird, Court Rules

AMERICAN TIRE: Files Chapter 11 to Facilitate Restructuring
AMERICAN TIRE: Moody's Lowers CFR to D on Bankr. Filing
AMERICAN TIRE: S&P Lower ICR to 'D' on Chapter 11 Filing
AMPLIFY ENERGY: Previous Owners Bid to Withdraw Reference Junked
ANCHOR GLASS: Moody's Lowers CFR to B2 & Alters Outlook to Neg.

ARABELLA PETROLEUM: S&W Bid for Reimbursement of Atty's Fees Junked
ATHERTON BAPTIST: Fitch Hikes Rating on $30.4MM Rev. Bonds to BB+
BCP RAPTOR II: Fitch Gives B Issuer Default Rating, Outlook Stable
BCP RAPTOR II: Moody's Assigns B2 Corp. Family Rating
BCP RAPTOR II: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable

BROOKSTONE HOLDINGS: Names Bluestar Offer as Winning Bid
CIP INVESTMENT: Hires The Sader Law Firm as Attorney
COPSYNC INC: Court Confirms 3rd Amended Liquidation Plan
COSMEDX SCIENCE: Trustee Gets OK on Interim Cash Collateral Use
CYPRESS URGENT: May Continue Using Cash Collateral Until Dec. 31

DAN MAZZOLA: Hires Goldman & Rosen Ltd as Counsel
DUBLIN SCHOOL, GA: S&P Withdraws 'BB+' Rating for Credit Program
DYNALYST CORP: Allowed to Use Cash Collateral on Final Basis
ELAS LLC: Case Summary & 4 Unsecured Creditors
EMERALD ISLES: Has Final Authority to Use Strategic Cash Collateral

ESSEX CONSTRUCTION: IB Wins Summary Judgment Bid vs Firstrust
FILBIN LAND: May Continue Using Cash Collateral Until Nov. 30
FLOOR & DECOR: S&P Ups Issuer Credit Rating to BB-, Outlook Stable
FLORA E. WEIMERSKIRCH: Court Confirms 1st Amended Chapter 11 Plan
GOBP HOLDINGS: S&P Affirms B- Issuer Credit Rating, Outlook Stable

HD SUPPLY: S&P Assigns 'BB-' Rating on New $750MM Unsec. Notes
HERB PHILIPSON'S: Case Summary & 20 Largest Unsecured Creditor
HORIZONTAL RENTALS: Has Authority on Interim Cash Collateral Use
I-LOGIC TECH: Moody's Affirms B3 CFR & Alters Outlook to Positive
IMPERIAL CAPITAL: Court Affirms Approval of Settlement Agreement

JEFFREY BERGER: BOC Piecemeal Litigation Transferred to Montana Ct.
JUPITER RESOURCES: Moody's Cuts CFR to Ca & Alters Outlook to Neg.
K & J COAL: Hires Hires CX-Energy as Broker
KCST USA: Arbitrator Rejects Massachusetts Technology's Claim
KENTON KEADING: Documents Docketed After Conversion to Ch. 11

KOMODO CLOUD: Seeks Authority to Use Arrow Cash Collateral
LUCKY DRAGON: Court Authorized Oct. 2 Hotel Closing
MEGHA LLC: Seeks Access to BancorpSouth Bank Cash Collateral
MELISSA BREWER: District Court Dismisses Appeal as Moot
MILLENNIUM LAB: Bankruptcy Court's Remand Opinion Upheld

MONSTER CONCRETE: Sister Company to Pay EFS $779 Monthly at 5.25%
MRPC CHRISTIANA: Hires McManimon, Scotland & Baumann as Attorney
NORTH AMERICAN CONSTRUCTION: S&P Affirms 'B' ICR, Outlook Positive
OCEAN SERVICES: Seeks Authority to Use Cash Collateral, Incur Debt
OLLIE WILLIAM FAISON: Allowed to Close Sale of Wake County Property

P & B ENTERPRISES: Case Summary & 2 Unsecured Creditors
PACIFIC DRILLING: UST Disbands Panel on Members' Resignation
PEABODY ENERGY: Ct. Tossed CA Entities' Bid for Stay Pending Appeal
PEDRO'S OF MADISON: Hires Krekeler Strother as Legal Counsel
PRESSURE CONTROL: Seeks Access to Home Bank Cash Collateral

PRINCETON ALTERNATIVE: Ranger Seeks Case Conversion to Chapter 7
PROFLO INDUSTRIES: May Continue Using Cash Collateral Until Nov. 16
RED TAPE: Hires Guerra Days Law Group as Attorney
RESIC ENTERPRISES: S&P Raises ICR to 'B', Outlook Stable
RODEO ROOFING: Allowed to Use Cash Collateral Until January 2019

RUBEN JASSO TRUCKING: Hires E.P. Bud Kirk as Attorney
RUBY'S DINER: Hires Donlin Recano as Claims Agent
RUBY'S DINER: Hires Pachulski Stang as General Bankruptcy Counsel
S&C TEXAS INVESTMENTS: Case Summary & 8 Unsecured Creditors
SEDGWICK LLP: October 11 Meeting Set to Form Creditors' Panel

SOUTH SIDE SALVAGE: Taps Marc T. Valentine as Special Counsel
SPOKANE COIN: Chapter 11 Reorganization Plan Confirmed
STAR MOUNTAIN: Examiner Taps Parker Schwartz PLLC as Counsel
TEMPO DULU: Hires Baker Newman & Noyes as Accountant
TENNECO INC: Fitch Assigns BB+ on Sr. Sec. EUR-Denominated Notes

TENNECO INC: S&P Raises Sec. Notes Rating to 'BB', Off Watch Pos.
TIGAMAN INC: Seeks Authorization to Use LOBC Cash Collateral
TLC RESIDENTIAL: Trustee Hires Rincon Law as Counsel
TLC RESIDENTIAL: Trustee Taps Kokjer Pierotti as Accountant
TM VILLAGE: Hires Wayne Farrar as Accountant

TMST INC: Trustee Taps Grant Thornton LLP as Financial Advisor
TOYS R US: Seeks IP Rights Sale to Lenders & Plans Brand Relaunch
UNITED INTERNATIONAL: Taps Resnik Hayes as Bankruptcy Counsel
URBAN OAKS: Taps Boyle & Leonard as Insurance Coverage Counsel
VIRTU FINANCIAL: Fitch Affirms BB- LT IDR, Outlook Stable

W RESOURCES: Can Sell Warren Peak Ranch, Nov. 15 Auction Set
WASHINGTON MUTUAL: 3rd Cir. Affirms Dismissal of N. Youkelsone Suit
WELBILT INC: S&P Puts 'BB-' Issuer Credit Rating on Watch Neg.
WESTMORELAND COAL: Case Summary & 50 Largest Unsecured Creditors
[*] Platinum Group Bags TMA's "Turnaround of the Year" Award

[*] The Deal Publishes Third Quarter 2018 M&A League Tables

                            *********

4 WEST HOLDINGS: $227M Sale of Restructuring Portfolio Approved
---------------------------------------------------------------
BankruptcyData.com reported that the Court hearing the Orianna
Health Systems' case approved the sale of the Debtors'
"Restructuring Portfolio" pursuant to the terms of the Asset
Purchase Agreement, dated August 13, 2018 between SC-GA 2018
Partners (the "Purchaser") and the Debtor.

BankruptcyData previously reported that the Court-approved
competitive process resulted in the Auction, during which the
Purchaser increased the value of the initial bid to the Debtors'
estates by approximately $11 million.  As a result, at the Auction
and in consultation with Omega and the Committee, the Debtors
selected Purchaser as the 'winning bidder' for the Restructuring
Portfolio, and SentosaCare, LLC or its designee ('Sentosa') was
selected as the 'back-up bidder.' Omega's counsel and
representative at the Auction enthusiastically supported the
Auction's results. The Purchase Price is an aggregate amount of
$227,000,000, subject to adjustment as set forth in Section 2(c) of
the APA, in addition to the assumption of the Assumed Liabilities,
the Hired Employees PTO Benefits and the Transition Services. The
Purchase Price consists of Cash Consideration of $197,000,000 (from
which the Debtors may elect to use $2 million to satisfy tort
claims under a liquidating plan to the extent permitted by
applicable law) plus a promissory note in the principal amount of
$30,000,000 payable to Omega. In the event that the Debtors cannot
convey the portion of the Transferred Assets that are subject to
the Laurel Baye Leases, the Purchase Price and the Cash
Consideration shall each be reduced by $49,000,000 and Purchaser
shall have the option to have the Debtors assume and assign such
leases to Purchaser, in which case Purchaser shall pay any Cure
Costs.

                    About 4 West Holdings

4 West Holdings, Inc., et al. -- http://www.orianna.com/-- are
licensed operators of 41 skilled nursing facilities and manage on
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 U.S. 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.

The Office of the U.S. Trustee on March 19, 2018, appointed an
official committee of unsecured creditors.  The Committee tapped
Norton Rose Fulbright US LLP as its legal counsel, and CohnReznick
LLP as its financial advisor.


4 WEST HOLDINGS: Order on Valuation of Transfer Portfolio Issued
----------------------------------------------------------------
BankruptcyData.com reported that the Court hearing the Orianna
Health Systems case issued an order partially granting and
partially denying approval for valuation of transfer portfolio and
application of proceeds to the Debtors' obligations under senior
secured superpriority DIP credit agreement and working capital loan
agreement.

BankruptcyData related that the order states, "Based upon the
parties' stipulation, the Court finds that the value of the
Transfer Portfolio is $190.0 million. For the reasons stated on the
record in the Court's oral ruling on September 20, 2018, all other
relief requested in the Motion is DENIED without prejudice to
seeking similar relief in a plan."

The Debtors' August 13, 2018 motion on the matter noted that the
Debtors sought entry of an order determining the value of the
Transfer Portfolio and applying such value against (a) first, the
Debtors' DIP Facility in an aggregate amount  of approximately $25
million; (b) second, the Working Capital Loan in an aggregate
amount of approximately $15 million; and (c) third, Omega's
remaining secured claims,  if allowed. The Debtors intended to
present expert testimony from their investment bankers, Houlihan
Lokey Capital, Inc., on the value of the Transfer Portfolio once
the relevant master leases are recharacterized, which the Debtors
believe is approximately $175 million.

                    About 4 West Holdings

4 West Holdings, Inc., et al. -- http://www.orianna.com/-- are
licensed operators of 41 skilled nursing facilities and manage on
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 U.S. 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.

The Office of the U.S. Trustee on March 19, 2018, appointed an
official committee of unsecured creditors.  The Committee tapped
Norton Rose Fulbright US LLP as its legal counsel, and CohnReznick
LLP as its financial advisor.


ACTIVECARE INC: Assets Sale to TelCare Approved
-----------------------------------------------
BankruptcyData.com reported that the Court hearing the ActiveCare
case approved the (i) asset purchase agreement between the Debtors
and stalking horse bidder Telcare LLC, a subsidiary of
Biotelemetry, Inc. and (ii) the sale to Telcare of substantially
all of the Debtors' assets.

BankruptcyData related that the order states, "The Auction
scheduled for September 26, 2018 was cancelled because Purchaser
was determined to be the only 'Bidder' pursuant to the Bidding
Procedures Order. The Auction process set forth in the Bidding
Procedures Order afforded a full, fair, and reasonable opportunity
for any entity to make a higher or otherwise better offer to
purchase the Assets. The Auction was duly noticed and a reasonable
opportunity has been given to any interested party to make a higher
and better offer for the Assets. Prior to cancelling the Auction,
the Debtors, in accordance with the Bidding Procedures Order,
determined in the exercise of their good faith business judgment
that Purchaser submitted the highest and best bid for the Assets
and, accordingly, Purchaser was determined to be the Successful
Bidder for the Assets."

Bankruptcy previously related that the APA details the terms of the
asset sale, with the agreed purchase price to include (i) a cash
element of $3.75 million, (ii) a $2.0 million earnout (to be
included should certain revenue targets be met) and (iii) the
cancellation/forgiveness of debt owed by the Company to Telcare.

                    About ActiveCare Inc.

ActiveCare, Inc. -- https://www.activecare.com/ -- is a real-time
health analytics and monitoring company that provides self-insured
health plans with solutions that significantly reduce the impact
and cost of diabetes.

ActiveCare, Inc., along with affiliates 4G Biometrics, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-11659) on
July 15, 2018.  In the petitions signed by CEO Mark J. Rosenblum,
ActiveCare, Inc., declared total assets of $2,623,458 and
$41,787,746 in liabilities.

The Hon. Laurie Selber Silversteinis the case judge.

The Debtors tapped Polsinelli PC, led by Christopher A. Ward, Esq.,
as counsel; and Gavin/Solmonese LLC as financial advisor and asset
sale advisor.

Lucy Thomson serves as consumer privacy ombudsman in the case.

The U.S. Trustee appointed an official committee of unsecured
Creditors in the cases.  The Committee tapped Orrick, Herrington &
Sutcliffe LLP and Klehr Harrison Harvey Branzburg, LLP, as
co-counsel, and RSR Consulting, LLC, as financial advisor.


ALBERT EINSTEIN ACADEMIES: S&P Alters Outlook on Bonds to Positive
------------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable and
affirmed its 'BB-' rating on the California Municipal Finance
Authority's series 2013A and taxable series 2013B charter school
revenue bonds issued on behalf of 458 26th Street Holdings LLC for
the Albert Einstein Academies (AEA) Project.

"The positive outlook reflects our view of the school's much
improved financial profile in fiscal 2017 and expected fiscal 2018,
based on unaudited results shared by management," said S&P Global
Ratings credit analyst James Gallardo.

While certain metrics, particularly strengthened lease-adjusted
maximum annual debt service (MADS) coverage and growing
unrestricted reserves, are indicative of a higher rating even at
this time, a raised rating is precluded by the school's limited
track record of performance at this level. In addition, management
reported the school is anticipating opening a high school in the
next couple of years, and the academy historically has experienced
operational challenges during periods of expansion. In S&P's
opinion, the school's ability to control operational expenses and
maintain current financial metrics, while executing its growth
strategy, will be essential in continuing its positive trend.

S&P said, "We assessed AEA's enterprise profile as adequate,
characterized by solid demand with stable enrollment, healthy
academics, and a satisfactory wait list. We assessed AEA's
financial profile as vulnerable, with variable operations and
liquidity, improving MADS coverage, and a manageable debt burden.
Combined, we believe these credit factors lead to an indicative
stand-alone credit profile of 'bb'. In our opinion, the 'BB-'
rating on the school's bonds better reflects the school's financial
profile when compared with those of peers and with medians, due in
part to AEA's inconsistent financial trends over the last three
years.

"We could consider raising the rating, potentially by more than one
notch, if the school sustains performance near fiscal 2017 levels,
with MADS coverage well above 1.5x, days' cash on hand approaching
100, and a moderate debt burden. In addition, we would view further
clarity around AEA's high school expansion plans, with evidence of
no significant impact on expected overall performance, favorably.

"We could revise the outlook back to stable if enrollment declines
significantly, operations produce deficits, MADS coverage weakens
significantly, days' cash on hand decreases notably from current
levels, or there are significant additional debt plans or lease
expenses associated with AEA's high school expansion."

The school has about $15 million of debt.


ALLEN CROSTHWAIT: Disputed Property Owned by D. Baird, Court Rules
------------------------------------------------------------------
Bankruptcy Judge Jason D. Woodward enters a ruling in favor of the
plaintiff in the adversary proceeding captioned DAVID E. BAIRD,
Plaintiff, v. ALLEN EDWARD CROSTHWAIT, Defendant, A.P. No.
15-01089-JDW (Bankr. N.D. Miss.).

The adversary proceeding came before the Court for trial on August
28, 2018, having been removed from the Chancery Court for the First
Judicial District of Chickasaw County, Mississippi, to this Court
by debtor-defendant Allen Edward Crosthwait.

Plaintiff David E. Baird and Defendant own neighboring tracts of
land. While cutting timber from his own land, the Defendant crossed
the property line and cut over 14 acres of timber from the
Plaintiff's property. The Defendant now contends he owns the
property, and therefore the timber, by adverse possession.

The Defendant bears the burden of proving by clear and convincing
evidence that he adversely possessed the Plaintiff's property. Six
elements are required to prove an adverse possession claim in
Mississippi: "for possession to be adverse it must be (1) under
claim of ownership; (2) actual or hostile; (3) open, notorious, and
visible; (4) continuous and uninterrupted for a period of ten
years; (5) exclusive; and (6) peaceful." To succeed, the Defendant
must prove each element.

After a thorough evaluation of the six elements, the Court finds
that the Defendant has not proven his affirmative defense of
adverse possession. The Court concludes that the Plaintiff has
clear legal title of record to the property and the trees that were
growing there. The Plaintiff has proven the requirements of
Mississippi Code section 95-5-10(1), and is entitled to (1) double
the fair market values of the trees, $66,383.94, and (2)
reforestation costs, $3,642.50. Additionally, the Plaintiff is
entitled to the approved fees and expenses totaling $31,171.35. The
Court, however, finds that the Defendant did not willfully or
recklessly cut the Plaintiff's timber; thus, the Plaintiff is not
entitled to enhanced damages under section 95-5-10(2).

The bankruptcy case is in re: ALLEN EDWARD CROSTHWAIT, Chapter 11
Debtor, Case No. 05-19292-JDW (Bankr. N.D. Miss.).

A copy of the Court's Memorandum Opinion dated Sept. 25, 2018 is
available at https://bit.ly/2zZfqOp from Leagle.com.

David E. Baird, Plaintiff, represented by Stephen P. Livingston,
Sr. & Rex F. Sanderson.

Allen Edward Crosthwait, Defendant, represented by Craig M. Geno,
Law Offices of Craig M. Geno, PLLC.

Based in Houston, Mississippi, Allen Edward Crosthwait filed for
chapter 11 bankruptcy protection ((Bankr. N.D. Miss.  Case No.:
05-19292) on  Oct. 14, 2005, with estimated assets at $1 Million to
$10 Million and estimated debts at $1 Million to $10 Million.


AMERICAN TIRE: Files Chapter 11 to Facilitate Restructuring
-----------------------------------------------------------
American Tire Distributors, Inc. on Oct. 5, 2018, disclosed that it
has reached an agreement in principle with holders of a majority of
its term loans to support the previously announced restructuring
support agreement, which would reduce the Company's debt by
approximately $1.1 billion and increase its financial flexibility
as it continues its ongoing transformation.  The agreement results
in the support of all three categories of the Company's debt
holders.

"We are pleased to have the support of our term loan lenders for
our previously announced restructuring support agreement, which
will help to facilitate a fully consensual court-supervised
process," said Stuart Schuette, Chief Executive Officer of ATD.
"The strong support by our key financial stakeholders for our
recapitalization plan represents an important vote of confidence in
our business and our future.  We intend to move quickly through
this court-supervised process and continue our ongoing
transformation to lead change in our industry."

Under the terms of the agreement, which is subject to court
approval and final documentation, the term loan lenders will, among
other things:

   -- Provide half of the $250 million in new financing to support
ATD's continuing operations.
   -- Extend the maturity of the term loan facility by three
years.
   -- Participate in exit financing upon ATD's completion of the
court-supervised process.

Approval of First Day Relief

The Company also disclosed that it has received court approval of
all of its key First Day motions that will support the business.
The approved motions give the Company the authority to, among other
things, enter into post-petition financing, continue to utilize its
cash management system and continue to pay critical suppliers and
vendors in full under pre-existing trade terms.  The Company
intends to meet its obligations in the ordinary course and expects
its operations to continue uninterrupted throughout the
court-supervised process.

"The Court's approvals of our First Day motions are an important
step forward that will allow the Company to continue meeting our
obligations and providing our customers the unparalleled selection
and service they have come to expect from us," Mr. Schuette
continued.  "This positive momentum would not be possible without
the commitment of our associates.  On behalf of our management
team, we thank them for their hard work and continued focus on
enabling ATD to support our customers across all channels, and the
consumers they serve."

Additional Information

As previously announced on October 4, 2018, ATD has entered into a
definitive agreement with approximately 75% of its bondholders on
the terms of a recapitalization that would reduce the Company's
debt by approximately $1.1 billion.  To implement the definitive
agreement, the Company voluntarily filed for reorganization under
Chapter 11 in the District of Delaware.  ATD's operations across
its distribution network are continuing to serve customers without
disruption as it moves through this process.

Additional information is available on ATD's restructuring website
at www.ATDrecapitalization.com or by calling ATD's restructuring
hotline, toll-free in the U.S., at (866) 967-0495.  For calls
originating outside of the U.S., please dial +1 (310) 751-2695.
Questions can also be submitted by email to ATDinfo@kccllc.com.
Court filings and other documents related to the court-supervised
proceedings are available on a separate website administered by
ATD's claims agent, KCC, at www.kccllc.net/ATD.

               About American Tire Distributors

American Tire Distributors is one of the largest independent
suppliers of tires to the replacement tire market.  It operates
more than 140 distribution centers, including 25 distribution
centers in Canada, serving approximately 80,000 customers across
the U.S. and Canada.  The Company offers an unsurpassed breadth and
depth of inventory, frequent delivery and value-added services to
tire and automotive service customers.  American Tire Distributors
employs approximately 5,000 associates across its distribution
center network, including approximately 800 associates in Canada.


AMERICAN TIRE: Moody's Lowers CFR to D on Bankr. Filing
-------------------------------------------------------
Moody's Investors Service downgraded its Probability of Default
Rating for American Tire Distributors, Inc. to D-PD from Ca-PD,
following ATDI's October 3, 2018 announcement that it had initiated
Chapter 11 bankruptcy proceedings. Moody's also downgraded the
company's Corporate Family Rating (to Ca from Caa2 rating under
review), and the rating for its senior secured term loan (to Caa2
from Caa1 rating under review). Moody's affirmed the existing C
rating for the company's senior subordinated notes. The ratings
outlook is stable. This concludes the review initiated on June 27,
2018.

"We have been expecting some form of requisite restructuring of
American Tire's debt obligations for some time," noted Inna Bodeck,
Moody's lead analyst for the company. "While the bankruptcy filing
will alleviate the heavy debt burden related to the company's
existing subordinated notes, our downgrade of the term loan rating
reflects our assessment that additional debt may ultimately need to
be equitized," added Bodeck.

Moody's took the following rating action for American Tire
Distributors, Inc.:

Ratings downgraded:

Probability of Default Rating, to D-PD from Ca-PD

Corporate Family Rating, to Ca from Caa2 Rating Under Review

$720 million ($696 million outstanding) senior secured term loan
due 2021, to Caa2 (LGD4) from Caa1 (LGD2) Rating Under Review

Ratings affirmed:

$1,050 million senior subordinated notes due 2022* rating, at C
(LGD5)

Outlook Actions:

Outlook, changed to Stable from Rating Under Review

*Includes original issuance by ATD Finance Corp., which was later
merged with and into American Tire Distributors, Inc.

RATINGS RATIONALE

Subsequent to the actions, Moody's will withdraw its ratings for
ATDI given the company's bankruptcy filing.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in June 2018.

Headquartered in Huntersville, North Carolina, American Tire
Distributors, Inc., is a wholesale distributor of tires (97% of net
sales), custom wheels, and related tools. It operates more than 140
distribution centers in the US and Canada, with $5.4 billion of
revenue for the twelve months ended June 30, 2018. The company is
controlled primarily by TPG Capital, LP and Ares Management, LP,
with remaining shares held by management.


AMERICAN TIRE: S&P Lower ICR to 'D' on Chapter 11 Filing
--------------------------------------------------------
S&P Global Ratings lowered the issuer credit rating on
Huntersville, N.C.-based American Tire Distributors Inc. to 'D'
from 'SD'. S&P said, "We also removed our ratings on the company's
secured debt from CreditWatch, where we had placed them with
developing implications on Sept 5, 2018, and lowered them to 'D'
from 'CCC-'. The issue-level ratings on its senior subordinated
notes remain 'D'. After 30 days, we will discontinue the 'D'
rating."

The rating action reflects American Tire Distributors Inc.'s Oct.
4, 2018  voluntarily filing for reorganization under Chapter 11 in
the District of Delaware. The company announced that it has entered
in a definitive agreement with about three-quarters of its
bondholders that would reduce its debt by about $1.1 billion.



AMPLIFY ENERGY: Previous Owners Bid to Withdraw Reference Junked
----------------------------------------------------------------
On Feb. 9, 2018, Bankruptcy Judge Marvin Isgur issued a report and
recommendation ("R&R") stating that the district court deny Aera
Energy LLC, Noble Energy, Inc., and SWEPI LP's ("Previous Owners")
motion to withdraw reference of Bankruptcy Adversary Proceeding.
The Previous Owners filed an objection to the R&R. After
considering the R&R, related documents, the objections, response,
and reply, and the applicable law, District Judge Gray H. Miller
adopts the R&R in full and denies the motion to withdraw
reference.

The Bankruptcy Judge concluded that withdrawal was not mandatory
because the "proceeding involves only the interpretation of the
Beta Trust Agreement under California law" and consequently "does
not involve substantial and material questions under Title 11 and
non-bankruptcy federal law." It also found no cause had been shown
for permissive withdrawal because all of the factors courts
consider in determining whether cause exists for permissive
withdrawal weigh against permissive withdrawal.

The Previous Owners object to the determination that withdrawal is
not mandatory, arguing that the resolution of the matter requires
material and substantial consideration of both Title 11 and other
federal law. The Previous Owners also object to the Bankruptcy
Court's findings on permissive withdrawal, arguing, in the
alternative, that the dispute is not statutorily core, that it is
not within the Bankruptcy Court's Constitutional authority, and
that the other factors all favor permissive withdrawal.

The Previous Owners also contend that there is relief that can be
granted beyond a mere review of the Bankruptcy Court's order
because the Bankruptcy Court could not and did not rule on Beta's
threshold claim that sought a declaration that the Beta Trust funds
are property of the estate; it asserts that they are not property
of the estate and thus the Bankruptcy Court cannot rule on this
issue and it, along with the other claims, should be withdrawn and
considered by this court.

The Previous Owners rely on Wooten and Tammaro to argue that the
Bankruptcy Court erred in concluding that it was not materially
relying on federal non-bankruptcy law.

Here, unlike in the cases cited by the Previous Owners, the
Bankruptcy Court interpreted an agreement that expressly chose
state law, and while there may be mention of federal regulations
and it may be an OCSLA decommissioning trust, there was no need to
substantially rely on any federal law to interpret the contract
under California state law. The Bankruptcy Court certainly did not
find it necessary to substantially and materially rely on
non-bankruptcy federal law, and this court likewise will not
substantially and materially rely on non-bankruptcy federal law.
Accordingly, the Bankruptcy Court's finding on mandatory withdrawal
is affirmed.

The Bankruptcy Court held that this is a core proceeding because it
involves the evaluation and enforcement of the debtor's plan as
well as the impairment status of the Previous Owners' interests and
claims.  Additionally, it determined that all the other permissive
factors either weigh against withdrawal or are neutral.

The court agrees with the Bankruptcy Court that this matter is a
core issue and that the Bankruptcy Court's exercise of jurisdiction
was Constitutional. Under Stern, the court must determine whether
the action stems from the bankruptcy itself, and each of the claims
at issue stem from the bankruptcy or the impact of the plan on the
Previous Owners' interests and thus arose only in the context of
bankruptcy. The fact that the Previous Owners did not actually file
a proof of claim is of little consequence since the claims concern
the administration of the bankruptcy case--whether the plan
impaired the Previous Owners' interests--and could only arise in
the context of bankruptcy. Thus, the court agrees with the
Bankruptcy Court that reference should not be withdrawn.

The case is In re MEMORIAL PRODUCTION PARTNERS, L.P., et al.,
Debtors, BETA OPERATING COMPANY, LLC, Plaintiff, v. AERA ENERGY,
LLC, et al., Defendants, Adversary Case No. 17-3365 (S.D. Tex.).

A copy of the Court's Memorandum Opinion and Order dated Sept. 20,
2018 is available at https://bit.ly/2Nubiti from Leagle.com.

Memorial Production Partners LP, represented by Alfredo R. Perez --
alfredo.perez@weil.com -- Weil Gotshal et al, Benjamin I. Finestone
-- benjaminfinestone@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan, Corey Berman -- corey.berman@weil.com -- Weil Gotshal,
Edward Soto – edward.soto@weil.com -- Weil, Gotshal & Manges LLP,
Emily McLemore Smith , Quinn Emanuel Urquhart Sullivan, Gabriel A.
Morgan , Weil, Gothshal & Manges LLP, K. John Shaffer , Quinn
Emanuel, Lauren Z. Alexander , Weil Gotshal, Philippe Z. Selendy ,
Quinn Emanuel & Sean Baldwin , Quinn Emanuel et al.

Beta Operating Company, LLC, Plaintiff, represented by Emily
McLemore Smith , Quinn Emanuel Urquhart Sullivan, Benjamin I.
Finestone , Quinn Emanuel Urquhart & Sullivan, K. John Shaffer ,
Quinn Emanuel, Rachel Elizabeth Epstein , Quinn Emanuel et al &
Victor Noskov , Quinn Emanuel Urquhart & Sullivan.

Aera Energy LLC, Noble Energy Inc. & SWEPI, LP, Defendants,
represented by Charles Stephen Kelley -- ckelley@mayerbrown.com --
Mayer Brown LLP.

          About Memorial Production Partners LP

Houston, Texas-based Memorial Production Partners LP --
http://www.memorialpp.com/-- was a publicly traded partnership
engaged in the acquisition, production and development of oil and
natural gas properties in the United States. MEMP's properties
consisted of mature, legacy oil and natural gas fields.  

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11 petition
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.  The
Hon. Marvin Isgur presided over the cases.

The Debtors were represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor was Perella Weinberg Partners
LP.  The Debtors' restructuring advisor was Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent was Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.

                            *     *     *

On April 14, 2017, the Court entered an order approving the Second
Amended Joint Plan of Reorganization of Memorial Production
Partners LP and its affiliated Debtors.  On May 4, 2017, the Plan
became effective pursuant to its terms and the Debtors emerged from
the Chapter 11 Cases.

In connection with the Chapter 11 Cases and the Plan, MEMP and
certain Consenting Noteholders effectuated certain restructuring
transactions, pursuant to which Amplify Energy Corp., a Delaware
corporation, acquired all of the assets of MEMP, and in accordance
with the Plan, MEMP will be dissolved. As a result, the Company
became the successor reporting company to MEMP pursuant to Rule
15d-5 of the Securities Exchange Act of 1934, as amended.


ANCHOR GLASS: Moody's Lowers CFR to B2 & Alters Outlook to Neg.
---------------------------------------------------------------
Moody's Investors Service downgraded Anchor Glass Container
Corporation's Corporate Family Rating to B2 from B1 and Probability
of Default rating to B2-PD from B1-PD. Instrument ratings are
detailed here. The ratings outlook has been revised to negative
from stable.

Downgrades:

Issuer: Anchor Glass Container Corporation

Probability of Default Rating, Downgraded to B2-PD from B1-PD

Corporate Family Rating, Downgraded to B2 from B1

Senior Secured 1st Lien Bank Credit Facility, Downgraded to B2
(LGD3) from B1 (LGD3)

Senior Secured 2nd Lien Bank Credit Facility, Downgraded to Caa1
(LGD6) from B3 (LGD6)

Outlook Actions:

Issuer: Anchor Glass Container Corporation

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The downgrade of the CFR to B2 from B1 reflects the deterioration
in credit metrics due to the loss of a major customer contract
(which converted to plastic bottles) and the insufficiency of new
customer contract wins to date to replace the loss. The downgrade
also reflects softness in Anchor's end markets and the various
operational challenges the company faces as it recovers from
various extraordinary events and undertakes various initiatives.
While the company is expected to win more new business over the
near term and has undertaken various productivity and cost cutting
initiatives, metrics are not expected to be restored to the B1
level over the horizon.

The negative outlook reflects the challenging operating environment
and the lack of room for negative variance in operating performance
in Anchor's credit profile. The company's end markets remain
sluggish and Anchor will need to win sufficient new business to
offset the major customer contract loss as well retain all existing
business. Additionally, Anchor will need to continue to execute on
its productivity and cost cutting initiatives, improve margins and
maintain adequate liquidity.

Weaknesses in Anchor's credit profile include a high concentration
of sales, the mature nature of the industry and softness in end
markets including negative volume trends in mass beer.
Approximately 49% of the company's sales (LTM June 30, 2018) are
generated from three customers and 43% from beer (25% from
mass-market and 18% from craft). The majority of the company's
revenue is generated in the mature US market with little exposure
to faster growing and more profitable emerging markets. Weaknesses
also include the company's relatively smaller size and weaker
margins and free cash flow to debt than its rated competitors.

Strengths in the company's credit profile include having the
majority of business under long-term contracts with strong
cost-pass through provisions, an average relationship of 20 years
with its top customers and a customer base that includes large,
well-known brands with good market positions. Anchor passes all raw
material costs through to the customer and hedges natural gas price
fluctuations. Additionally, the US glass packaging industry is
consolidated in the US with only three major players. The proximity
of Anchor's plants to customer facilities supports customer
relationships and diminishes the threat from competitors since it
is costly to ship glass packaging more than 200-300 miles.

Moody's expects Anchor to maintain adequate liquidity over the next
12 months. Anchor's liquidity is supported by a $120 million asset
based revolver (not rated by Moody's) which expires in 2021 and is
subject to borrowing base limitations. As of June 30th, 2018,
availability was approximately $87.7 million. Free cash flow is
expected to be slightly negative over the next 12 months due to
one-time costs for various initiatives and heightened capital
spending for both initiatives and the replacement of equipment
damaged in several accidents. However, future free cash flow is
expected to improve as the company wins new business, improves
margins through various initiatives and eliminates one-time costs.
The only financial covenant is a springing fixed charge coverage
covenant which applies if excess availability is less than the
greater of (i) $7.5 million and (ii) 10% of the Line Cap in effect
for 5 consecutive business days. Cushion under the covenant is
expected to be adequate over the horizon. The peak working capital
period is in the calendar first and fourth quarter. Amortization
for the 1st lien term loan is 1% annually. The term loan facility
includes a mandatory cash sweep of 50%. There are no significant
sources of alternate liquidity as all assets are encumbered under
credit facilities.

An upgrade is unlikely given the current weakness in Anchor's
credit metrics. However, the ratings could be upgraded if there is
evidence of a sustainable improvement in credit metrics, relative
to peers, within the context of a stable operating and competitive
environment and the maintenance of good liquidity. Anchor's small
size relative to peers may also constrain any upgrade.
Specifically, the ratings could be upgraded if funds from
operations to debt increases above 11.5%, debt to EBITDA declines
to below 5.0 times, and/or EBITDA to interest expense increases to
above 3.75 times.

The ratings could be downgraded if the company fails to improve
credit metrics or if there is a further decline in operating
performance. The ratings could also be downgraded if there is a
deterioration in liquidity or in the operating and competitive
environment. Specifically, the ratings could be downgraded if funds
from operations to debt remains below 9%, debt to EBITDA remains
above 5.8 times, and/or EBITDA to interest expense remains below
3.0 times.

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

Headquartered in Tampa, Florida, Anchor Glass Container Corporation
is a North American manufacturer of premium glass packaging
products, serving the beer, liquor, food, beverage, ready-to-drink
("RTD") and consumer end-markets. The company operates six
manufacturing facilities located in Florida, Georgia, Indiana,
Minnesota, New York and Oklahoma. For the 12 months ended June 30,
2018, Anchor generated approximately $586 million in revenue.
Anchor is a portfolio company of CVC Capital Partners, with a
minority ownership by BA Glass. The company does not publically
disclose information.


ARABELLA PETROLEUM: S&W Bid for Reimbursement of Atty's Fees Junked
-------------------------------------------------------------------
Schafer and Weiner, PLLC, former counsel to Platinum and Bart
Schwartz, the initial court-appointed receiver, moves for
reimbursement of attorneys' fees and expenses. The receiver opposes
the motion and cross-moves for disgorgement of fees previously paid
to S&W. The SEC joins the receiver's opposition and cross-motion.
District Judge Brian M. Cogan denies S&W's motion, and the Court
will defer judgment on the receiver's cross-motion.

The former receiver was authorized to retain professionals to
assist him in carrying out his duties as receiver. Before he could
retain anyone, however, he first had to obtain an order from this
Court authorizing the engagement. The former receiver never
obtained approval to hire S&W. The receiver and the SEC argue that
this should bar S&W from receiving any compensation at all.

S&W provides an alternative reading of the order appointing the
receiver in an effort to avoid this point. Despite the fact that
the receiver order states that "[t]he Receiver shall not engage any
Retained Personnel without first obtaining an Order of the Court
authorizing such engagement," S&W seems to believe that court
approval is not required to be a retained professional, so long as
that professional was solicited by and acts as an agent of the
receiver. It follows, under S&W's interpretation, that because all
retained professionals are entitled to reasonable compensation, a
professional retained without court approval is still entitled to
reasonable compensation if the professional was acting within the
scope of the agency relationship. This is wrong.

S&W is a sophisticated actor. Moreover, it is experienced in the
field of receivership and bankruptcy practice. S&W should not claim
that its convoluted interpretation is "obvious" from the clear and
unambiguous language of the receiver order. S&W understood -- as
the emails it attaches in support of its fee application
demonstrate -- that Court approval of its retention was a necessary
precondition to its being a receivership professional entitled to
compensation.

As an experienced bankruptcy firm, S&W had to know that the
retention of counsel is typically one of the "first day orders"
entered in any insolvency case, no matter how chaotic the affairs
of the debtor. Instead, S&W chose to secure its payment through the
terms of the guaranty and the participation agreement rather than
the terms of the receiver order and a formal retention application.
S&W has nobody to blame but itself for that mistake; and as a
result, its fee application is denied.

The Court will thus defer any ruling on the receiver's cross-motion
for disgorgement of fees until the receiver seeks a declaratory
judgment in connection with the participation agreement.

The case is SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v.
PLATINUM MANAGEMENT (NY) LLC; PLATINUM CREDIT MANAGEMENT, L.P.;
MARK NORDLICHT; DAVID LEVY; DANIEL SMALL; URI LANDESMAN; JOSEPH
MANN; JOSEPH SANFILIPPO; and JEFFREY SHULSE, Defendants, No.
16-cv-6848 (BMC) (E.D.N.Y.).

A copy of the Court's Memorandum Decision and Order dated Sept. 25,
2018 is available for free at https://bit.ly/2OQCBCR from
Leagle.com.

Zanhav Holding LLC & Piping Brook LLC, Movants, represented by Paul
Curran Kingsbery, Dechert LLP.

Court-Appointed Receiver & Receiver, Receivers, represented by
Melanie L. Cyganowski, Otterbourg P.C.

Otterbourg P.C. & Goldin Associates, LLC, Experts, represented by
Melanie L. Cyganowski, Otterbourg P.C.

United States Securities and Exchange Commission, Plaintiff,
represented by Adam S. Grace , U.S. Securities and Exchange
Commission, Andrew M. Calamari , Securities and Exchange
Commission, Danielle Sallah , U.S. SEC, Jess A. Velona , U.S.
Securities and Exchange Commission, Kevin P. McGrath , Securities
and Exchange Comm, Neal Jacobson , Securities and Exchange
Commission & Sanjay Wadhwa , U.S. Securities and Exchange
Commission Branch Chief Division of Enforcement.

Platinum Management (NY) LLC, Defendant, represented by Daniel
Rickert Koffmann, Quinn Emanuel Urquhart & Sullivan & William
Anthony Burck, Quinn Emanuel LLP.

                About Arabella Exploration

Liquidators of Arabella Exploration, Inc., filed a voluntary
petition under Chapter 15 of the Bankruptcy Code in the U.S.
Bankruptcy Court for the Northern District of Texas (Case No.
17-40119) on Jan. 8, 2017, to seek recognition of proceedings in
the Cayman Islands.

Arabella Exploration, a Cayman Islands corporation engaged in the
exploration and production of oil and natural gas, is in
liquidation under the Financial Services Division of the Grand
Court of the Cayman Islands as a result of the Grand Court's orders
made pursuant to certain petitions for the Grand Court's
supervision under the provisions of Companies Law of the Cayman
Islands (2013 Revision).

The Chapter 15 case is assigned to Judge Mark X. Mullin.

Forshey & Prostok, LLP serves as counsel to the Petitioners.


ATHERTON BAPTIST: Fitch Hikes Rating on $30.4MM Rev. Bonds to BB+
-----------------------------------------------------------------
Fitch Ratings has upgraded the rating on the following bonds issued
by Alhambra (CA) on behalf of Atherton Baptist Homes to 'BB+' from
'BB':

  -- $30,435,000 revenue refunding bonds series 2016.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a gross revenue pledge, mortgage, and debt
service reserve fund.

KEY RATING DRIVERS

IMPROVED FINANCIAL PROFILE: The rating upgrade to 'BB+'/Stable from
'BB'/Stable from Fitch's last review in October 2018 reflects
Atherton's improved liquidity position and operating performance.
Atherton's $14.8 million of unrestricted cash and investments as of
June 30, 2018 equated to 307 days cash on hand (DCOH), 48.3% cash
to debt, and 7.1x cushion ratio, which is favorable to Fitch's
below investment grade (BIG) category medians of 292, 32.1%, and
4.5x, respectively. Atherton's operating ratio of 90.9% through the
six-month interim period (ended June 30, 2018) was favorable to the
101.6% BIG median, and much improved from 122.3% in 2013. In
addition, solid entrance fee receipts through the interim resulted
in a 24.4% net operating margin (NOM)-adjusted, above the 18.3%
'BIG' median.

STRONG OCCUPANCY: ILU occupancy was at 95% through the interim
period, up significantly from 81% in 2013. Stronger occupancy has
been a result of substantial sales initiatives and continued
apartment enhancements upon turnover, which has improved the
marketability of many of the older apartments on campus. Skilled
nursing facility (SNF) occupancy has steadily been above 90% and
Atherton does not have a large reliance on Medicare revenue
(approximately 14% of FY 2017 SNF revenue).

MODERATE LONG-TERM LIABILITY PROFILE: Atherton's long-term
liability profile is moderate with maximum annual debt service
(MADS) just 9.2% of annualized revenues through the interim period,
much better than the BIG median of 16.5%. Debt to net available of
5.9x in fiscal 2017 was strong due to good net entrance fee
receipts and compares favorably to the BIG median of 9.8x.

RATING SENSITIVITIES

STABILITY EXPECTED: Fitch expects Atherton to maintain financial
performance in line with current levels. Further upward rating
movement is possible if operating performance is maintained at
recent levels with further growth in liquidity. Conversely,
weakened operating performance which results in lower coverage
levels or a deteriorating liquidity position could lead to negative
rating pressure.

POTENTIAL CAPITAL PROJECT: Atherton is in the preliminary stage of
planning for redevelopment on a parcel of land owned by the
community. Fitch will assess the impact of any new capital projects
or related debt issuances on Atherton's credit profile will be
assessed as details become more certain.

CREDIT PROFILE

Atherton Baptist Homes is a Type-C continuing care retirement
community (CCRC) located in Alhambra, CA with 167 Classic ILUs, 50
Courtyard ILUs, 38 assisted living units (ALU), and 99 skilled
nursing facility (SNF) beds. Total revenue in 2017 (Dec. 31 fiscal
year end) was $20.4 million. Atherton restructured its pricing for
the Courtyard units in 2016 and the predominant contract type for
the Courtyard units is 90% refundable, while the Classic units are
predominantly nonrefundable.

IMPROVED FINANCIAL PROFILE

The upgrade is driven primarily by Atherton's improving liquidity
and core operations. $14.8 million of unrestricted cash and
investments as of June 30, 2018 is much improved from $7.6 million
as of Dec. 31, 2014 and equated to 307 days cash on hand (DCOH),
48.3% cash to debt, and 7.1x cushion ratio, which is favorable to
Fitch's BIG medians of 292, 32.1%, and 4.5x. The growth in
liquidity has been a direct result of stronger core operations
following operational challenges including the slow fill of 50
courtyard ILUs that were added 2011 and high workers compensation
claims from captive insurance. Atherton's operating ratio and
NOM-adjusted were most recently 90.9% and 24.4% through the
six-month interim period ended June 30, 2018, which is better than
the BIG medians of 101.6% and 18.3%. In addition, MADS coverage was
strong in fiscal 2017 at 2.6x and continued to be strong at 3x
through the six months ended June 30, 2018 due to strong operations
and good net entrance fee receipts.

Atherton maintains a defined benefit pension plan that is only 30%
funded with a $2.7 million unfunded status as of Dec. 31, 2017. The
pension plan is not subject to ERISA requirements. The board made a
decision in 2017 to fund the plan over a 15 year period, which
amounts to a manageable $270 thousand payment per year.

STRONGER OCCUPANCY AND OPERATIONS

Atherton added 50 Courtyard ILUs in June 2011 and suffered after
the slow fill of these units, which reached 90% occupancy by third
quarter 2013 and have since maintained high occupancy. The slow
fill temporarily diverted attention from sales and marketing of the
older part of the campus (Classic units - 170 ILUs). Management has
since focused on increasing capital investment in the Classic
units, which has aided marketability of these units and resulted in
faster and consistent turnover. Overall ILU occupancy averaged 95%
through the six month interim, compared to just 81% in 2013.
Despite a somewhat competitive environment, Fitch views Atherton's
pricing as supportive of a strong demand profile and believes they
afford the community a good degree of pricing flexibility as
average house prices are well above the classic and courtyard
entrance fees.

Though investment into the campus has increased recently, total
average age of plant as of June 30, 2018 of 14.1 years compares
unfavorably to the 11.9 years BIG median as a result of five year
capital expenditures averaging only 58.4% of depreciation through
fiscal 2017. Management is in the preliminary planning stages
regarding redevelopment of a parcel of land owned by the community.
If undertaken, the combination of the project and routine unit
renovations / capital expenditures should lower the average age of
plant to levels more in line with the BIG median.

Consistently strong occupancy in Atherton's SNF, above 90% over the
past few years, has also supported the turn-around in operations
and profitability. SNF revenues accounted for 53% of fiscal 2017
net resident service revenues and are not highly reliant on
Medicare revenue (only accounted for 14% of revenues in fiscal
2017), shielding Atherton from industry pressures on average length
of stay. The majority of SNF revenues are private pay (57% of net
revenues in fiscal 2017), but the community also accepts Medi-Cal
patients (14.4% of net revenues in fiscal 2017), exposing the
community to potential reimbursement pressure.

Management has also been successful in controlling expenses by
managing wages and staffing levels, refinancing the 2010 bonds in
2016 and closing its captive insurance company in 2014 and moving
to a commercial vendor for its workers compensation insurance.
These efforts have resulted in a 5% decrease in total expenses from
fiscal year-end 2013 to 2017 compared to a 21% increase in
operating revenue over the same period.

MODERATE LONG-TERM LIABILITY PROFILE

The series 2016 bonds are fixed rate and are insured by Cal
Mortgage. Bond covenants include 1.25x MADS coverage, 150 days cash
on hand, and 1.5x current ratio. MADS is $2.1 million and the debt
service schedule is level. Atherton's long-term liabilities are
moderate as evidenced by maximum annual debt service (MADS)
equating to 10% of fiscal 2017 revenues, which is favorable to
Fitch's BIG median of 16.5%. Additionally, Atherton's debt to net
available of 5.9x in fiscal 2017 was low compared to the BIG median
of 9.8x.


BCP RAPTOR II: Fitch Gives B Issuer Default Rating, Outlook Stable
------------------------------------------------------------------
Fitch Ratings has assigned the following ratings to BCP Raptor II,
LLC (dba: Caprock Midstream Holdings, LLC; referred to as BCP
Raptor II or Caprock hereafter):

  -- Long-Term Issuer Default Rating (IDR) 'B';

  -- Senior Secured Term Loan 'BB-'/'RR2'.

Fitch has assigned a first time Long-Term Issuer Default Rating
(IDR) of 'B' to BCP Raptor II/Caprock and has assigned its proposed
$690 million First Lien Secured Term Loan B a Senior Secured Rating
of 'BB-'/'RR2'. The 'RR2' rating indicates Superior Recovery,
meaning that Fitch expects that Term Loan B will demonstrate a
recovery in the 70%-90% range in the event of default. The Rating
Outlook is Stable.

BCP Raptor II's ratings reflect its small size, single-basin asset
profile and high growth expectations. Leverage metrics are high as
of the transaction close but are anticipated to improve in line
with other Fitch-rated gathering and processing credit profiles.
The ratings consider counterparty credit risk exposure to be higher
than its peers, since BCP Raptor II/Caprock has more exposure to
riskier counterparty credits, including Resolute Energy Corporation
(REN; B-/Stable), which is anticipated to be the largest provider
of volumes across all of its service offerings over the near term.
Finally, Fitch considers BCP Raptor II/Caprock's affiliation with
the larger EagleClaw Midstream (BCP Raptor I) and Permian Highway
Pipeline systems to offer some potential flexibility in its growth
profile, despite its stand-alone rating.

BCP Raptor II is a wholly owned subsidiary of BCP Raptor Midco,
LLC, itself a wholly owned subsidiary of BCP Raptor HoldCo, LP. BCP
Raptor II was formed to purchase and hold Caprock Midstream
Holdings LLC, a Permian-Basin focused gathering and processing
midstream services provider. On Sept. 5, 2018, BCP Raptor Holdco
signed a definitive agreement to acquire Caprock Midstream for $950
million, subject to adjustments. The transaction will be funded
with $496 million of equity from sponsor Blackstone Energy Partners
(Blackstone), a $690 million term loan and a $50 million super
senior revolving credit facility (to be undrawn at close).

Caprock is a full service Delaware basin midstream company,
consisting of roughly 300 miles of natural gas, natural gas liquids
(NGLs), crude, and water pipelines, crude storage, water disposal,
and gas processing in Reeves County, Texas. The Caprock assets are
largely contiguous to BCP Raptor I (dba EagleClaw Midstream
Ventures) its affiliate company, and a separate wholly owned
subsidiary of BCP Raptor Midco, LLC. Pro-forma for the Caprock
acquisition, BCP Raptors I and II on a combined basis will be the
largest private gathering and processing entity in the Permian
basin with over 1 Bcf/d of processing capacity expected at year-end
2018.

KEY RATING DRIVERS

Size, Scale Limitations: BCP Raptor II/Caprock is a natural gas
gathering & processing, crude gathering services, and water
disposal services provider that operates in the Delaware region of
the Permian basin. Given its single basin focus, Caprock is subject
to outsized event risk should there be a slowdown or longer-term
disruption of Delaware Basin area production. However, partially
offsetting the limiting factor is Caprock's geographic presence in
the Permian where crude production growth is expected to be robust
in the near to intermediate term. Caprock is also somewhat
diversified in its business line from providing both natural gas
G&P, produced water gathering and disposal, and crude gathering
services. Fitch expects to generate an annual EBITDA of less than
$150 million in the near term.

Counterparty Risk: BCP Raptor II has concentrated counterparty
exposure to REN for each of the services (gas gathering &
processing, crude oil gathering, and water disposal) it provides,
with REN expected to be the largest provider of volumes across each
service in the near term. Growth is expected to come from Carrizo
Oil & Gas Inc. (Carrizo; NR by Fitch) and REN, with much of the REN
growth coming from a contractual obligation for REN to move its gas
processing to BCP Raptor II starting Jan. 1, 2019. Carrizo is
expected to continue to increase focus in the Delaware with three
rigs currently running on Caprock dedicated acreage. Some
additional growth could come from Colgate Energy, which is
currently running two rigs in Caprock acreage, but is expected by
Fitch to be focused on blocking up acreage in the near term. With
the majority of near-term growth expected to come from high yield
or unrated counterparties, Fitch views Caprock's counterparty risk
as being relatively high. Fitch notes that REN is a captive
customer, with nearly all of its acreage dedicated to all three
midstream services that Caprock provides, making it an important
driver of growth and any and all volumes produced by REN should
flow directly through Caprock and provide significant earnings and
cash flow.

Affiliates Offer Flexibility: BCP Raptor II/Caprock's rating
reflects Fitch's view of the credit on standalone basis based on
the expected fully non-recourse structuring of the Raptor II
proposed offering. However, Fitch generally believes BCP Raptor
II's affiliation with the larger EagleClaw complex to be credit
positive, despite the standalone analysis. The Caprock assets are a
complementary addition to the existing EagleClaw footprint, with
the acreage largely being contiguous to EagleClaw's existing
operations and the services offered (specifically crude and water
services) expanding EagleClaw's suite of offering for customers,
and providing some additional growth opportunities. On a combined
basis Raptors I & II offer increased scale, which should help
competitiveness in the highly competitive Permian basin. Once
complete, the Permian Highway Pipeline should further help
EagleClaw's combined operations by providing takeaway capacity for
customers to the Gulf coast markets.

Supportive Sponsor: Fitch believes that BCP Raptor II will benefit
from a supportive sponsor in Blackstone, which will control the
board. The ratings consider that Blackstone has provided an
additional equity commitment that has been pledged to the company
in support of growth capital and liquidity needs and must be funded
by July 1, 2019. The equity capex commitment will fund 100% of
capital investment of Caprock's currently under construction Pecos
IV processing plant through completion in first-half 2019. Fitch
believes that this additional equity commitment will provide
Caprock some financial flexibility and alleviates near-term
concerns (2017-2019) around BCP Raptor's ability to meet all of its
near-term financial commitments.

Modest Growth Helps Metrics: Initial leverage is expected to be
high, but should improve quickly assuming modest continued growth
across Caprock-dedicated acreage. Fitch expects year-end 2018 LTM
leverage to be high on a trailing historical basis given the
expected fourth-quarter 2018 close of the transaction, but should
improve significantly, dropping to roughly 5.5x to 6.0x in 2019,
EagleClaw's first full year of ownership, and below 4.5x by 2020
and beyond. Fitch expects this improvement to allow for cash
distributions to the sponsors and a step down in mandatory cash
sweep provisions in the 2020 timeframe. Growth capital spending is
expected to be elevated in the second half of 2018 and the
beginning of 2019. Growth capital spending is expected to be
elevated in the second half of 2018 and the beginning of 2019 as
the currently under construction processing plant is completed.


DERIVATION SUMMARY

BCP Raptor II's ratings are limited by the size and scale of its
system. With LTM EBITDA under $150 million annually expected by
Fitch through mid-2020, and its single-basin focus, the credit
profile and rating recommendation are reflective of its
counterparty credit risk and limited diversity of operations.
Generally, Fitch views small scale, single basin focused midstream
service providers with high geographic, customer, and business line
concentration and with EBITDA below $500 million as being
consistent with 'B' category Issuer Default Ratings dependent on
contract structure and volumetric exposure.

BCP Raptor II's leverage metrics are high but expected to improve,
consistent with other similarly located single-basin Permian
gathering and processing names rated in the 'B' to 'BB-' IDR range.
Relative to affiliate BCP Raptor I (B+/ Negative), BCP Raptor II's
leverage is lower in the in near term, but growth is slower, size
and scale more limited (both in terms of EBITDA and total asset
size/processing capacity), Raptor II has fewer and in Fitch's view
more risky counterparty exposure versus Raptor I, while Raptor has
slightly higher operational diversity with crude and water services
offerings. Raptor II's size and improving leverage metrics are
similar to its Permian-focused gas gathering and processing peers
Navitas Midstream (B'/Stable), with Fitch expecting high 2018 and
2019 leverage at Navitas similar to BCP Raptor II though both names
are expected to de-lever rapidly supported by production growth
from the Permian basin. Navitas is similarly sized in terms of
processing capacity and Fitch's EBITDA expectations in 2019 and
2020, but has more acreage dedicated to it and a slightly more
diversified and highly rated counterparty portfolio, though Fitch
views the default rating as being the same as it expects BCP Raptor
II's volumes to be less volatile specifically because Resolute is a
captive customer so its production is expected to be focused on BCP
Raptor II acreage. Relative to similarly sized Bison Midstream
(B+/Stable), leverage metrics are comparable for 2019 and 2020
between the entities, but Fitch believes Bison to be slightly less
risky given the fully fixed nature of its contract profile
(removing any direct commodity price sensitivity) and its better
rated counterparty portfolio.

KEY ASSUMPTIONS

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

  -- Production volume ramps up through forecast years driven by
increased production from its customers; No new acreage dedications
or new producer customers assumed. Resolute Energy volumes modelled
at volumes consistent with Fitch's base case forecast for
Resolutes.

  -- Modest capital spending in forecast years for additional well
connects and system maintenance.

  -- Dividend is not assumed in the model, but Fitch expects
dividend payments can begin in late 2020 as the restricted payment
covenant is met.

  -- Deleveraging supported by term loan amortization (1% per
annum) and debt repayment under excess cash flow sweep (in 2019
and 2020).

  -- Base case WTI oil prices of $55/bbl; base case Henry Hub
natural gas prices of $2.75/mcf in 2018 and $3.00/mcf for the rest
of the forecast period.

In its recovery analysis, Fitch utilized a going-concern analysis,
with a 6.0x EBITDA multiple for the recovery analysis.
Reorganization multiples can vary widely based upon the commodity
price environment upon emergence, as well as company-specific
factors that led to restructuring, including full-cycle cost
positions, untenable capital structures, or debt-funded M&A
activity. There have been a limited number of bankruptcies and
reorganizations within the midstream sector. Two recent gathering
and processing bankruptcies of companies indicate an EBITDA
multiple between 5.0x and 7.0x, by Fitch's best estimates.
Additionally, in its recent Bankruptcy Case Study Report "Energy,
Power and Commodities Bankruptcy Enterprise Value and Creditor
Recoveries" published March 2018, the median enterprise valuation
exit multiple for the 29 Energy cases for which this was available
was 6.7x with a wide range. Fitch notes that recent sales multiples
associated with the Permian basin midstream assets have had
significantly higher valuation multiples.

Fitch assumed a going concern EBITDA of roughly $102 million for
Caprock and a default driven by an adverse change to commodity
prices and significant volume growth deterioration with volumes
significantly lower than Fitch 2019 base case levels, which could
potentially cause a covenant breach and default scenario in 2020.
For debt, Fitch used the $50 million Super Senior Secured Revolver
and assumed the term loan is at the 2020 year-end level following
mandatory amortization. The term loan is rated 'BB-'/'RR2',
reflecting Fitch's expectation for superior recovery prospects in
the range of 71%-90%.

RATING SENSITIVITIES

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

  -- Should Raptor II/Caprock increase its size, scale, asset,
geographic or business line diversity, with a focus on growing
EBITDA above $300 million per year while maintaining leverage at or
below 4.5x on a sustained basis, Fitch would consider a positive
rating action. Fitch notes that recovery estimates should improve
as BCP Raptor II/Caprock grows its EBITDA and cash flow and debt is
amortized, and that this could lead to an increase in term loan
rating.

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

  -- A decline volume growth expected across Caprock's acreage, as
evidenced by a decline in rig count or a moderation in daily
volumes through its system;

  -- Meaningful deterioration in counterparty credit quality or a
significant event at a major counterparty that impairs cash flow;

  -- Leverage above 6.0x in 2019. Fitch expects BCP Raptor II's
leverage to improve to 5.5x-6.0x by 2019 year-end. Inability to
lower leverage as a result of operational difficulties or slower
than expected volume ramp could lead to slower than expected
deleveraging and pressure ratings;

  -- Capital spending inflation versus base case and management
budget which pressures liquidity;

  -- A significant change in cash flow stability profile, driven by
a move away from the current majority of revenue being fee based.
If revenue commodity price exposure were to increase above 25%,
Fitch would likely take a negative rating action.

LIQUIDITY

Adequate Liquidity: Liquidity at close is expected to be supportive
of the planned growth on the Caprock system. Blackstone, via their
equity contribution, will back a capex reserve account with a
letter of credit in the amount of $86 million to support the
completion of the under-construction Pecos IV processing plant
(expected completion in March 2019). This is the largest single
capital spending item planned in the near term. Once complete,
capital spending will decrease and management believes the entity
will be FCF positive by year-end 2019. All of the capital spending
needs are expected to be funded with internal cash flow and equity
commitment. Working capital needs are low and the $50 million super
senior revolver should provide enough liquidity to support any cash
shortfalls. Maturities will be manageable with the term loan
expected to have a seven-year maturity date and the revolver is
maturing in five years. The term loan will require a six month debt
service coverage reserve, which will be funded at close and held
until consolidated net leverage falls to or below 4.5x.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

BCP Raptor II, LLC

Long-Term Issuer Default Rating (IDR) 'B';

Senior Secured Term Loan 'BB-'/'RR2'.

The Rating Outlook is Stable.


BCP RAPTOR II: Moody's Assigns B2 Corp. Family Rating
-----------------------------------------------------
Moody's Investors Service assigned first time ratings to BCP Raptor
II, LLC ,including a B2 Corporate Family Rating, a B2-PD
Probability of Default Rating (PDR), a B2 senior secured term loan
rating and a Ba2 senior secured revolving credit facility. The
outlook is stable.

The proceeds of the term loan will be used to fund a portion of the
purchase price paid by BCP Raptor HoldCo LP, a portfolio company of
Blackstone Energy Partners (Blackstone) to acquire Caprock
Midstream. The remainder of the purchase price will be funded by
Blackstone as equity. Blackstone's equity consideration will also
include letters of credit for an $86 million Capex Reserve and six
month Debt Service Reserve. Blackstone also owns BCP Raptor, LLC
(EagleClaw, B3 stable).

"Caprock's ratings reflect its small scale, high initial financial
leverage and the company's reliance on oil and gas producer
customers' drilling activity to grow volumes through its systems
and consequently grow cash flow. Caprock's existing cash flow
generation and lower initial leverage, position the company
favorably in comparison to other recently rated new midstream
companies based in the Permian Basin, but the credit profiles of
Caprock's top two customers is weaker than peers," commented
Sreedhar Kona, Moody's Senior Analyst. "Caprock's cash flow
visibility from current drilling activity of its customers and
their corresponding production growth contribute to the stable
outlook."

A complete listing of rating actions is as follows:

Assigned:

Issuer: BCP Raptor II, LLC

Corporate Family Rating, assigned B2

Probability of Default Rating, assigned B2-PD

$690 million Gtd. Senior Secured Term Loan, assigned B2 (LGD4)

$50 million Gtd. Senior Secured Revolving Credit Facility, assigned
Ba2 (LGD1)

Outlook, Stable

RATINGS RATIONALE

Caprock's B2 CFR reflects its high initial financial leverage,
relatively small scale and geographical concentration. Caprock is
fully reliant on its producer customers to significantly increase
their production through the rest of 2018 and 2019, in order for
Caprock to realize its forecasted ramp up in hydrocarbon volumes
through its systems. Caprock benefits from its location in the
Delaware Basin, which is highly economic for additional drilling in
the current oil price environment. Improvement in Caprock's credit
metrics, specifically the reduction of its financial leverage is
dependent on company's cash flow growth through higher volumes. The
company's contracts are largely fee based, minimizing direct
commodity price risk, although lack of significant minimum volume
commitments (MVC) contracts highlight the volume risk. Caprock's
small scale limits the number of customers it services, however,
the operational integration with EagleClaw systems through an
offload agreement will allow both the companies to operate as a
larger system with scale that will be mutually beneficial. While
the top customers of Caprock have demonstrated their ability and
willingness to pursue aggressive development and growth plans in
their respective acreages dedicated to Caprock, these
counterparties have more limited financial resources as reflected
in their lower credit ratings.

Caprock benefits from acreage dedication contracts spread over
115,000 acres in the highly productive Southern Delaware Basin with
demonstrated superior economics for operators in that region.
Caprock's full-service model of spanning three production streams
of natural gas, crude oil and water, and one that captures multiple
revenue streams from each well enhances the company's cash flow
generation ability. The company also has some existing volumes and
cash flow, and good visibility to producer customers drilling
activity through 2019. Caprock's financial leverage improvement is
also reliant on construction completion of two additional
processing facilities, the risk of which is well-mitigated. The
company's credit profile is also enhanced from structural
enhancements like an excess cash flow sweep, funded debt service
reserve account and capex reserve accounts. Moody's projects
Caprock's debt to EBITDA to approach 5x by year-end 2019 on last
twelve months basis.

The $690 million Term Loan B maturing seven years from the closing
of the transaction is rated B2, the same as the CFR, under the
Moody's Loss Given Default Methodology. The $50 million Super
Priority Senior Secured First Lien Revolving Credit Facility has a
super priority payment preference over the Term Loan and is rated
Ba2. Given the small size of the Revolver as compared to the Term
Loan, the Term Loan is rated the same as the CFR.

Moody's expects that Caprock will maintain adequate liquidity.
Following closing of the transaction, Caprock will have full
availability under its $50 million Senior Secured Super Priority
Revolver (with maturity of five years from closing of the
transaction), and Debt Service Reserve Account backstopped by a
letter of credit, to meet six months of debt service needs. Caprock
will also have an $86 million Capex Reserve account backed by a
letter of credit. Moody's expects the company will be able to fund
its debt service obligations and growth capital expenditures
through cash from operations and from the funds in the reserve
accounts. Caprock has a mandatory 100% excess cash flow sweep
provision on the term loan (with step downs to 0% when first lien
net leverage drops below 3.5x), resulting in some debt reduction
beyond mandatory amortization while leaving minimal cash balances
at the company. The Term Loan will have a minimum debt service
coverage ratio covenant of 1.1x, which will be tested starting from
March 31, 2019. In addition, the revolver will have a maximum total
debt to total capitalization of 70%. Moody's expects the company to
be in compliance with these covenants. The Revolver and Term Loan
will have first priority lien on all assets of the company,
therefore limiting asset sales to raise cash.

The stable outlook reflects Caprock's cash flow visibility,
customers' capital spending and production growth plans.

Caprock's ratings could be upgraded if the company successfully
realizes its planned volume and corresponding earnings growth to
sustain EBITDA above $200 million, and reduces debt/EBITDA below 5x
while maintaining adequate liquidity.

Ratings could be downgraded if debt/EBITDA does not drop below 6x
in 2019 as expected or if liquidity weakens substantially.

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

Caprock is a privately-held, Houston, Texas company that owns and
operates natural gas gathering and processing, crude oil gathering
and, produced water gathering and disposal systems located in the
Southern Delaware Basin. In September 2018, BCP Raptor HoldCo, LP
executed definitive agreements to acquire Caprock Midstream for
approximately $1 billion in cash.


BCP RAPTOR II: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings assigned its 'B' long-term issuer credit rating
to Midland, Texas-based midstream company BCP Raptor II LLC (BCP).
The outlook is stable.

At the same time, S&P Global Ratings assigned its 'B' issue-level
rating and '3' rating to the company's $690 million secured
first-lien term loan due 2025. The '3' recovery rating indicates
lenders can expect meaningful (50%-70%; rounded estimate 60%)
recovery in a default scenario.

S&P's 'B' rating on BCP reflects the volumetric risk inherent in
the operations, the relatively small scale of operations, limited
geographic diversity, construction and execution risk, a high
proportion of speculative-grade counterparties, and a highly
leveraged capital structure. Integration among several different
operating lines of business that include gas, crude, and
water-gathering systems partially offset these credit risks.

The vulnerable business risk assessment reflects S&P views that
BCP's cash flows are susceptible to fluctuating throughput volumes
flowing through its systems. About two-thirds of revenues come from
long-term, fixed-fee agreements with no direct commodity price
exposure; however, the remaining third is percentage-of-proceeds
contract, which has some commodity price exposure. Fewer rigs
drilling on the company's dedicated area could result in reduced
throughput volumes on gas, crude, and water-gathering systems and
processing facilities. S&P believes the Permian is one of the most
economical basins in North America, with very low oil-break-evens,
which should sustain volumes even at low oil prices. BCP has high
counterparty risk, with six main shippers that are all in the
speculative-grade category. Somewhat offsetting this situation are
long contract lives, with an average remaining life of
approximately 12 years.

S&P said, "The stable outlook reflects our view that BCP will
execute on its build-out of gas, crude, and water-gathering and gas
infrastructure in the highly cost-competitive Delaware basin. We
expect system volume throughput to expand as the projects in
construction enter service and volumes continue to be supported by
long-term fixed-fee contracts. Under our base-case scenario, we
expect debt-to-EBITDA of 6.5x-7.5x in 2019 and 5.0x-6.0x by 2020,
mainly from the additional cash flows from the commissioning of
projects currently under development.

"We could consider lowering the rating if operational performance
is lower than expected and we project debt-to-EBITDA to stay above
7.5x by 2019, which would likely be due to lower-than-expected
volumes when facilities enter service or increased levels of debt
to finance the capital spending. In addition, if we believe delays
or cost overruns at the projects under construction will prolong
the time when the company becomes cash flow positive, we might take
a negative rating action. We could also consider lowering the
rating if the credit quality of parent BCP Raptor HoldCo, LP
weakens. This could occur if sister entity EagleClaw Midstream
Ventures, LLC materially underperforms.

"Although we don't expect it over our two-year outlook period, we
could raise the rating if the scale and scope of the operations
increase, diversity improves by commodity-type and geography, and
of the company adds investment-grade counterparties. We could also
raise the rating if debt-to-EBITDA declines to and stays below 5x,
which would likely be due to higher-than-expected volumes when the
facilities under development enter service."



BROOKSTONE HOLDINGS: Names Bluestar Offer as Winning Bid
--------------------------------------------------------
BankruptcyData.com reported that Brookstone filed with the Court a
notice of successful bid and next-highest bid for the Debtors'
equity interests in certain non-Debtor joint venture subsidiaries,
IP assets, airport leases and certain JV equity interests
(collectively, the "Going Concern Assets"). The Debtors state, "An
Auction for the Going Concern Assets, including the IP Assets
concluded on September 30, 2018. [A]t the conclusion of the
Auction, the joint bid submitted by Bluestar and Apex Digital Inc.
was determined to be the Successful Bid for the IP Assets, the
Debtors' unexpired real property leases or concession agreements
used to operate Brookstone airport stores (the 'Airport Leases'),
the Debtors' equity interests in certain non-Debtor joint venture
subsidiaries (the 'JV Equity Interests') and certain related assets
(collectively with the IP Assets, the Airport Leases, and the JV
Equity Interests, the 'Concern Assets') and the joint bid submitted
by Three Sixty Brands Group LLC, was determined to be the
Next-Highest Bid for the Going Concern Assets." The notice also
stated that the Debtors intend to present a revised form of
proposed sale order, together with asset purchase agreements
reflecting the terms of the successful bid.

                About Brookstone Holdings

Founded in 1965, Brookstone Holdings Corp. is a U.S.-based product
developer and retailer of wellness, entertainment, and travel
products that are fun to discover, smart to use and beautiful in
design.  Brookstone products are available at its 35 retail
locations in airports throughout the U.S., online at Brookstone.com
and through select premium retailers worldwide.

Brookstone Holdings and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
18-11780) on Aug. 2, 2018.

In the petitions signed by Stephen A. Gould, secretary, the Debtors
estimated assets of $50 million to $100 million and liabilities of
$100 million to $500 million.

Judge Brendan Linehan Shannon presides over the cases.

The Debtors tapped Gibson, Dunn & Crutcher LLP as their bankruptcy
counsel; Young Conaway Stargatt & Taylor, LLP as Delaware counsel;
Berkeley Research Group, LLC as financial advisor; and GLC Advisors
& Co. as investment banker; Omni Management Group, Inc., as
administrative agent.


CIP INVESTMENT: Hires The Sader Law Firm as Attorney
----------------------------------------------------
CIP Investment Properties, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Kansas to employ Bradley D.
McCormack of The Sader Law Firm as attorney for the Debtor.

Professional services the counsel will render are:

     a) advise the Debtor with respect to its rights and
obligations as Debtor-In-Possession and regarding other matters of
bankruptcy law;

     b) prepare and file any petition, schedules, motions,
statement of affairs, plan of reorganization, or other pleadings
and documents that may be required in this proceeding;

     c) represent the Debtor at the meeting of creditors, plan of
reorganization, disclosure statement, confirmation and related
hearings, and any adjourned hearings thereof;

     d) represent of the Debtor in adversary proceedings and other
contested bankruptcy matters; and,

     e) represent of the Debtor in the above matters, and any other
matters that may arise in connection with Debtor's reorganization
proceeding and its business operations.

Sader Law's hourly rates are:

     Bradley D. McCormack     $310
     Paralegal                $100

Bradley D. McCormack, Esq., employee of The Sader Law Firm, attests
that The Sader Law Firm and its attorneys are disinterested parties
as defined in 11 U.S.C. Sec. 101(14).  

The counsel can be reached through:

     Bradley D. McCormack, Esq.
     THE SADER LAW FIRM
     2345 Grand Boulevard, Suite 2150
     Kansas City, MO 64108
     Tel: 816-561-1818
     Direct Dial: 816-595-1802
     Fax: 816-561-0818
     Email: bmccormack@saderlawfirm.com

                    About CIP Investment

CIP Investment Properties, LLC is a Single Asset Real Estate
company (as defined in 11 U.S.C. Section 101(51B)).  The Company
previously filed for bankruptcy protection on July 17, 2012 (Bankr.
D. Kan. Case No. 12-21952).

Based in Wichita, Kansas, CIP Investment Properties, LLC, filed a
Chapter 11 petition (Bankr. D. Kan. Case No. 18-22039) in Kansas
City on Sept. 28, 2012.  The petition was signed by David F. Hoff,
president/managing member.  The Debtor estimated assets of $10
million to $50 million and debts of $10 million to $10 million.
Bradley D. McCormack, Esq., at The Sadler Law Firm, serves as the
Debtor's counsel.


COPSYNC INC: Court Confirms 3rd Amended Liquidation Plan
--------------------------------------------------------
Bankruptcy Judge Jerry A. Brown issues his findings regarding the
order confirming COPsync, Inc.'s third amended plan of liquidation
as immaterially modified on Sept. 13, 2018.

Based upon the Plan, the Confirmation Memorandum, the Confirmation
Declaration, the additional proffers of evidence in the Ballot
Tabulation, the Liquidation Trust Agreement, the representations
and arguments of counsel at the Confirmation Hearing, the record of
the Chapter 11 Case, and the record of the Confirmation Hearing,
the Court determines that the Plan satisfies the applicable
provisions of the Bankruptcy Code and should be confirmed.

All objections presented at the Confirmation Hearing, if any,
concerning confirmation of the Plan that were not resolved by
agreement of the parties at the Confirmation Hearing are overruled.
No creditor or party in interest objected to the Confirmation
Declaration or the Ballot Tabulation. Accordingly, the Court
accepts the evidence and results of the voting on the Plan as set
forth in the Confirmation Declaration and the Confirmation Report.

The Plan provides for the same treatment for each Claim in a
particular Class unless a claimant has agreed to less favorable
treatment of such Claim; therefore, the Plan satisfies the
requirements of section 1123(a)(4) of the Bankruptcy Code.

The Court also finds that the Debtor and its respective officers,
directors, agents, attorneys, and other representatives (i) have
acted in good faith in negotiating, formulating and proposing the
Plan and agreements, compromises, settlements, transactions and
transfers contemplated thereby, and (ii) will be acting in good
faith in proceeding to (a) consummate the Plan and the agreements,
compromises, settlements, transactions and transfers contemplated
thereby and (b) take the actions authorized and directed or
contemplated by this Confirmation Order. In determining that the
Plan has been proposed in good faith, the Court has examined the
totality of the circumstances surrounding the formulation of the
Plan. The Plan was proposed with the legitimate and honest purpose
of liquidating the Debtor's assets for the benefit of Creditors and
distributing proceeds from such liquidation to the Debtor's
Creditors holding Allowed Claims and Equity Interest Holders with
Allowed Equity Interests in the Debtor. Given the foregoing, the
Plan satisfies the requirements of section 1129(a)(3) of the
Bankruptcy Code. The terms of the Plan and the Liquidation Trust
Agreement set forth the orderly liquidation of the Debtor, and
prosecution of the Debtor's assets, that will benefit Creditors and
Equity Interest Holders.

The Plan also satisfies the requirements of section 1129(a)(16),
because all transfers of property are being made in accordance with
any applicable provisions of nonbankruptcy law that govern the
transfer of property by a corporation or trust that is not a
moneyed, business, or commercial corporation or trust.

The bankruptcy case is IN RE: COPSYNC, INC, Chapter 11, Debtor,
Case No. 17-12625 (E.D. La.).

A copy of the Court's Findings dated Sept. 21, 2018 is available at
https://bit.ly/2yhdPRZ from Leagle.com.

COPsync, Inc., Debtor, represented by John M. Duck, Adams & Reese
LLP.

Office of the U.S. Trustee, U.S. Trustee, represented by Mary S.
Langston, Office of the U.S. Trustee.

                           About COPsync

COPsync, Inc., was created in 2005 as a "software for a service or
platform for law enforcement to share real-time information amongst
counties, agencies, and departments.  It was created in response to
the 2000 death of one of COPsync's co-founders' colleagues and
friends, Texas Department of Public Safety Trooper Randy Vetter,
who was killed making what he believed to be a routine traffic stop
for a seatbelt violation.  The Company's products include
nationally shared network of law enforcement information COPsync
Network, software-driven in-car HD video system Vidtac, real-time
threat alert system COPsync911, and court buildings security
provider COURTsync.

COPsync completed a $10.6 million equity financing capital raise in
November 2015 and became listed on the Nasdaq Capital Market
exchange (COYN).

COPsync, Inc., filed a voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D. La. Case No. 17-12625) on
Sept. 29, 2017.  The Debtor estimated $1 million to $10 million in
both assets and liabilities.

The Debtor tapped John M. Duck, Esq., Robin B. Cheatham, Esq.,
Victoria P. White, Esq., and Scott R. Cheatham, Esq., at Adams and
Reese LLP, as counsel.  Jones Walker, LLP, serves as special
counsel.  Alliance Overnight Document Service, LLC, is the Debtor's
noticing agent.


COSMEDX SCIENCE: Trustee Gets OK on Interim Cash Collateral Use
---------------------------------------------------------------
The Hon. Wayne Johnson of the U.S. Bankruptcy Court for the Central
District of California has authorized Lynda T. Bui, the Chapter 11
trustee for the estate of Codmedx Science Inc., to use the cash
collateral of any and all Secured Creditors on an interim basis to
and including Oct. 31, 2018.

The Trustee, if necessary, is allowed to exceed the amounts set
forth in the budget by as much as 10% of the total budget of
$10,166.

The Secured Creditors' security interests in assets of the Estate
will extend to the proceeds generated from the Trustee's sale of
the respective assets sold to the same extent, priority and
validity (if any) that they attached to the cash collateral.

On the other hand, the Court entered an order denying the Debtor's
Cash Collateral Motion during the September 11, 2018 hearing on
said motion.

                     About Cosmedx Science

Cosmedx Science Inc. -- http://cosmedxscience.com/-- is a
full-service cosmetic products manufacturer.  The Company
specializes in anti-aging lotions, creams, serums, AHA/BHA,
stabilized vitamin C, baby care products, bath & body products such
as body washes, shower gels, body lotions, face masks, and body
scrubs.  Cosmedx operates out of 78,000 square feet facility in
Corona, California.

Cosmedx Science Inc. commenced its chapter 11 bankruptcy case by
filing a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 18-16043) on July 19, 2018.  In the
petition signed by Christopher Amato, president and CEO, the Debtor
estimated $1 million to $10 million in both assets and
liabilities.

Judge Wayne E. Johnson presides over the case.

Levene, Neale, Bender, Yoo & Brill LLP, led by David B. Golubchik,
is the Debtor's counsel.

Following the Debtor's inability to obtain Court authority to use
cash collateral, the Debtor charged its employees and terminated
its business operations.  In accordance with the order directing
the appointment of a Chapter 11 trustee on Aug. 28, 2018, the U.S.
Trustee appointed Lynda T. Bui as the Chapter 11 trustee.

The Trustee tapped Shulman Hodges & Bastian LLP, led by James C.
Bastian, Jr., as counsel.


CYPRESS URGENT: May Continue Using Cash Collateral Until Dec. 31
----------------------------------------------------------------
The Hon. Theodor C. Albert of the U.S. Bankruptcy Court for the
Central District of California authorized Cypress Urgent Care,
Inc., and Laguna Dana Urgent Care, Inc., to use and expend, on
behalf of the Cypress-Laguna Debtors and their estates, cash
collateral for the period from Sept. 1, 2018 through Dec. 31,
2018.

The hearing on the Cash Collateral Motion and the status conference
in these jointly-administered bankruptcy cases are continued to
Oct. 24, 2018 at 11:00 a.m.

During the Interim Period, the Cypress-Laguna Debtors are
authorized, directly or through Radiant Physician Group, to make
monthly expenditures in an amount not to exceed 115% of the actual
and necessary expenditures set forth in the Operative Budget.

Opus Bank is granted a replacement lien in the Cypress-Laguna
Collateral and all prepetition and postpetition assets, including
the Cypress-Laguna Debtors' accounts, inventory and equipment, in
which and to the extent the Cypress-Laguna Debtors hold an
interest, whether tangible or intangible, whether by contract or
operation of law, excluding avoidance causes of action, and
including all rents, issues, profits and proceed thereof of the
collateral, with such replacement lien having the same extent and
priority as any duly perfected and unavoidable liens in cash
collateral held by Opus Bank as of Petition Date.

In addition, the Cypress-Laguna Debtors will continue to tender to
Opus Bank a monthly adequate protection payment in the amount of
$9,250 payable to Opus Bank by no later than the 25th of each month
that such payment is due.  Opus Bank will apply any amounts
received to reduce the indebtedness secured by the collateral as
permitted under the applicable loan documents.

During the Cash Collateral Use Period, the Cypress-Laguna Debtors
will provide periodic reporting in the format consistent with the
prior cash collateral reports, and provide Opus Bank and David P.
Stapleton, in his capacity as the Receiver, with copies of Cash
Collateral Reports. All Cash Collateral Reports will illustrate
operating results on a consolidated basis as well as a "per center"
basis, and all Cash Collateral Reports will include the operating
results for that certain period and on a cumulative basis since the
Petition Date.

The Cypress-Laguna Debtors' obligations to prepare Monthly
Operating Reports will remain consistent with their obligations
under the Bankruptcy Code, the Bankruptcy Rules and the U.S.
Trustee's Guidelines.

A full-text copy of the Order is available at

           http://bankrupt.com/misc/cacb17-13089-69.pdf

                    About Hoag Urgent Care-Tustin

Hoag Urgent Care-Tustin, Inc., and its affiliates operate five
urgent care clinics located throughout Southern California.

Hoag Urgent Care-Tustin and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. C.D. Cal. Case No. 17-13077) on Aug.
2, 2017.  In the petitions signed by Dr. Robert C. Amster,
president, the Debtors estimated assets and liabilities of $1
million to $10 million.

Judge Theodor Albert presides over the cases.  

The Debtors hired Baker & Hostetler LLP as legal counsel;
Keen-Summit Capital Partners LLC as investment banker; and
Grobstein Teeple LLP as their accountants.


DAN MAZZOLA: Hires Goldman & Rosen Ltd as Counsel
-------------------------------------------------
Dan Mazzola, Inc., seeks authority from the U.S. Bankruptcy Court
for the Northern District of Ohio (Akron) to hire Peter G. Tsarnas
and Goldman & Rosen, Ltd. as counsel.

Peter G. Tsarnas and Goldman & Rosen will render general legal
service to the Debtor as needed throughout the course of the
Chapter 11 case, including, but not limited to, bankruptcy, general
business, and litigation assistance and advice.

Goldman & Rosen's current hourly rates are:

     Marc P. Gertz        $375
     Peter G. Tsarnas     $250
     Paralegals            $75

Goldman & Rosen has received a $26,717 retainer on Aug. 23, 2018 in
contemplation of the filing of this case.

Peter G. Tsarnas, a partner at Goldman & Rosen, attests that he and
his firm do not represent and do not hold any interest adverse to
the Debtor or its estate and are "disinterested persons" within the
meaning of Sections 101(14) and 327 of the Bankruptcy Code.

The counsel can be reached through:

     Peter G. Tsarnas
     GOLDMAN & ROSEN, LTD.
     11 S. Forge Street
     Akron, Ohio 44304
     Tel: 330-255-0735
     Fax: 330-315-7542

                   About Dan Mazzola, Inc.

Based in Stow, Ohio, Dan Mazzola, Inc. filed a Voluntary Chapter 11
Petition (Bankr. N.D. Ohio Case No. 18-52271) on September 21,
2018, listing under $1 million in both assets and liabilities.
Peter G. Tsarnas at Goldman & Rosen, Ltd. represents the Debtor as
counsel.


DUBLIN SCHOOL, GA: S&P Withdraws 'BB+' Rating for Credit Program
----------------------------------------------------------------
S&P Global Ratings withdrew its 'BB+' underlying rating for credit
program on Dublin School District, Ga.'s general obligation debt
and 'BB' long-term rating on the district's lease revenue bonds
issued by Dublin City and Laurens County Development Authority due
to lack of timely information sufficient to maintain the ratings.
Prior to the withdrawal, the ratings had been on CreditWatch, where
they had been placed with developing implications June 28.  

This action follows repeated attempts by S&P Global Ratings to
obtain timely information of satisfactory quality to maintain its
ratings on the securities in accordance with applicable criteria
and policies.

S&P said, "While we have obtained fiscal 2017 draft audited
information and fiscal 2018 year-to-date budget performance data
that might indicate that the district's financial profile has
improved, we are missing pertinent information to assess the
strength of the district's economic profile, enrollment trends, and
management practices and policies.

"The rating withdrawal was preceded, in accordance with our
policies, by any change to the ratings that we consider appropriate
given available information."



DYNALYST CORP: Allowed to Use Cash Collateral on Final Basis
------------------------------------------------------------
Having considered the Dynalyst Corporation's Amended Motion for
Authority to Use Cash Collateral and the Objection thereto filed by
Secured Creditor National Loan Acquisitions Company ("NLAC"), the
Hon. Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas, has entered an order authorizing Dynalyst to use
cash collateral on a final basis.

NLAC asserts that it holds valid, enforceable, and allowable claims
against the Debtor NLAC and may file a proof of claim in this case.
NLAC further asserts that as of the Petition Date, the Debtor was
indebted and liable to it pursuant to a Consolidation and Renewal
Agreement in the aggregate amount of not less than $1,152,283. NLAC
maintains a valid Deed of Trust with regard to the Debtor's real
property. NLAC also maintains a valid UCC-1 Financing Statement
with regard to the Debtor's personal property.  NLAC further
asserts that it holds properly perfected security interests and
Prepetition Liens in and on the Pre-Petition Collateral.

NLAC has agreed to permit the Debtor to use the Pre-Petition
Collateral, including its Cash Collateral, on a final basis,
subject to certain terms and conditions.

NLAC is granted valid, automatically perfected and enforceable
additional first priority adequate protection replacement liens,
upon all of the Debtor's right, title and interest in, to, and
under (a) all of the Debtor's property including, without
limitation, the Debtor's post-petition accounts receivable and
postpetition gross receipts resulting from the Debtor's ordinary
course business operations to the extent of the Debtor's use of
Cash Collateral; (b) all of the Debtor's now-owned and
after-acquired real and personal property, assets and rights, of
any kind or nature; (c) any right to payment whether arising before
or after the Petition Date, and the proceeds, products, rents and
profits; and (d) Adequate Protection Payment.

In addition, the Debtor is authorized and directed to pay the
Adequate Protection Payments to NLAC in the amount of $12,500 on
the third day of each month from the month of August 2018 until the
Effective Date of any plan of reorganization of the Debtor as
confirmed by the Court.

To the extent that the Adequate Protection Payments do not
adequately protect NLAC from diminution in value of the collateral
in which it claims a security interest, NLAC is not prohibited from
seeking additional protection of the Court, including superpriority
status.

The Debtor's right to use Cash Collateral under the Order will
immediately and automatically terminates upon occurrence of any of
the following events:

      (a) On October 31, 2018 or such later date as may be agreed
to by the Debtor and NLAC;

      (b) upon Debtor's receipt of NLAC's written notice to the
Debtor that Cash Collateral has been expended by the Debtor other
than in accordance with provisions of the Order or the Final
Budget;

      (c) entry of an order without adequate notice under the
Bankruptcy Code to NLAC (i) converting Debtor's Chapter 11 Case to
a case under Chapter 7 of the Bankruptcy Code; (ii) dismissing
Debtor's Chapter 11 Case; (iii) appointing a trustee under Chapter
7 or Chapter 11 of the Bankruptcy Code or appointing an examiner
with expanded powers beyond those set forth in Section 1106(a)(3)
and (a)(4) in Debtor's Case; (iv) reversing, vacating or otherwise
amending, supplementing or modifying this Order; or (v) granting
relief from the automatic stay to any creditor (other than NLAC)
holding or asserting a lien in collateral of NLAC;

      (d) upon three business days' written notice by NLAC to the
Debtor of entry of an order for (i) the invalidation, subordination
or other challenge of the Adequate Protection Replacement Liens (as
defined below); or (ii) relief under Section 506 of the Bankruptcy
Code with respect to the Pre-Petition Collateral unless either are
authorized by Court order;

      (e) upon three business days' written notice by NLAC to the
Debtor of the Debtor's filing of any application for entry of an
order approving use of Cash Collateral (other than the application
related to the Order or any final cash collateral order (a "Final
Order" as same may be extended from time to time);

      (f) the closing of a sale pursuant to entry of an order
approving the sale of substantially all of the assets whether done
pursuant to one transaction or a series of transactions unless
otherwise authorized by Court order;

      (g) the filing by the Debtor of a motion in this Chapter 11
Case without adequate notice pursuant to the Bankruptcy Code to
NLAC (i) to obtain financing under Section 364 of the Bankruptcy
Code from any person or entity other than NLAC; (ii) to grant any
lien or offering any collateral; (iii) or to recover any portion of
the Pre-Petition Collateral.

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

           http://bankrupt.com/misc/txwb18-10860-45.pdf

                  About Dynalyst Corporation

Dynalyst Corporation -- http://www.dynalyst.com/-- is a  
manufacturing company that produces custom ATE interface printed
circuit boards (PCBs), fundamental to the testing of integrated
circuits.  It was founded in early 2002 and is headquartered in
Taylor, Texas.

Dynalyst sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Tex. Case No. 18-10860) on July 2, 2018.  In the
petition signed by Craig T. Takacs, president, the Debtor estimated
assets of $1 million to $10 million and liabilities of $1 million
to $10 million.  Judge Tony M. Davis presides over the case.  The
Debtor tapped Larry Vick, Esq., as its legal counsel.


ELAS LLC: Case Summary & 4 Unsecured Creditors
----------------------------------------------
Debtor: Elas, LLC
          dba Calnopoly, LLC
        6101 Owensmouth Avenue, #6799
        Woodland Hills, CA 91365

Business Description: Elas, LLC owns 100% interest in two real
                      estate properties located in Los Angeles,
                      California having a total current value of
                      $1.98 million.

Chapter 11 Petition Date: October 8, 2018

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Case No.: 18-12494

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Anthony Obehi Egbase, Esq.
                  A.O.E LAW & ASSOCIATES, APC
                  The World Trade Center
                  350 S Figueroa St Ste 189
                  Los Angeles, CA 90071
                  Tel: 213-620-7070
                  Fax: 213-620-1200
                  Email: info@aoelaw.com

Total Assets: $1,986,300

Total Liabilities: $1,026,878

The petition was signed by Latrice Allen, managing member.

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:

           http://bankrupt.com/misc/cacb18-12494.pdf


EMERALD ISLES: Has Final Authority to Use Strategic Cash Collateral
-------------------------------------------------------------------
The Hon. Cynthia C. Jackson the U.S. Bankruptcy Court for the
Middle District of Florida, notwithstanding the objection of
secured creditor Strategic Funding Source, Inc., has entered a
final order authorizing Emerald Isles Holdings, LLC d/b/a
McK'sTavern's cash collateral use in part.

As a condition to use of cash Colcateral, the Debtor will operate
strictly in accordance with the attached budget.  The Debtor will
not deviate from budgeted expenses by more than 15%.

The Debtor and Strategic Funding are parties to certain Merchant
Cash Advance Agreements, Security Agreements and Guarantees
("MCAA").  The Debtor stipulates and acknowledges that as of the
Petition Date, the Debtor was indebted to Strategic Funding in the
amount of at least $98,859 pursuant to the MCAA.

The Debtor acknowledges that, pursuant to the MCAA, Strategic
Funding owns the Debtor's accounts receivable and other rights to
payment arising from or relating to the use by the Debtor's
customers of cash, credit cards, charge cards, and debit cards in
the ordinary course of the Debtor's business -- until such time
that the Claim is paid in full.

The Debtor will make a weekly adequate protection payment to
Strategic Funding, in the amount of $500 on the Monday of every
week.  These adequate protection payments will be applied to the
Debtor's obligations to Strategic Funding in accordance with the
MCAA, or as may be determined by Strategic Funding in its sole
discretion.  All payments by Debtor to Strategic Funding will be
remitted via ACH payment.

The Debtor will provide Strategic with a voided check and pursuant
to the Final Order, Strategic Funding is authorized to ACH debit
from the account set forth on the voided check in accordance with
the payment schedule.  The Debtor will be responsible for and
immediately pay to Strategic Funding a $75 fee each time an ACH
debit is rejected due to insufficient funds.

In addition, Strategic Funding is granted a valid, perfected,
unavoidable lien upon, and security interest in, to the extent and
in the order of priority of any valid lien pre-petition, all cash
or other proceeds generated post-petition by the Pre-Petition
Collateral.  Strategic Funding's liens against Debtor's Cash
Collateral will extend to any account holding such Cash Collateral,
regardless of whether Strategic Funding has control over such
account, and encumbers any Cash Collateral held in
debtor-in-possession accounts required by applicable law.

Strategic Funding will have a perfected postpetition replacement
lien against Cash Collateral without the need to file or execute
any document as may otherwise be required under applicable
non-bankruptcy law.

Additionally, Strategic Funding is entitled to an administrative
expense claim pursuant to 11 USC 507(b) to the extent the above
adequate protection proves insufficient and/or does not offset any
diminution of value in the Cash Collateral.

The Debtor will provide Strategic Funding proof of insurance, as
set forth in the MCAA, (i) listing Strategic Funding as loss payee
and (ii) including Strategic Funding as an additional insured and
certificate holder under the policy. The Debtor will also provide
Strategic Funding, upon request, with a proposed budget no later
than three days prior to any continued hearing on the Debtor's
Motion to Use Cash Collateral. Further, the Debtor will maintain
its Cash Collateral at the same level that existed prepetition and
not allow Cash Collateral to diminish.

Strategic Funding may, with two days' notice, inspect Debtor's
premises and Strategic Funding's collateral, and copy any of the
Debtor's books and records, and Debtor will provide to Strategic
Funding any additional financial or other information as Strategic
Funding may reasonably request.

A full-text copy of the Final Order is available at

           http://bankrupt.com/misc/flmb18-04156-37.pdf

                  About Emerald Isles Holdings

Emerald Isles Holdings, LLC, filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 18-04156) on July 12, 2018.  In the petition
signed by its president, Scot A. Lawson, the Debtor estimated
assets and liabilities of less than $1 million.  The Debtor is
represented by Chad T. Van Horn, Esq. of Van Horn Law Group, P.A.


ESSEX CONSTRUCTION: IB Wins Summary Judgment Bid vs Firstrust
-------------------------------------------------------------
In the case captioned Firstrust Bank, Plaintiff, v. Industrial
Bank, Defendant, Adversary No. 17-00156 (Bankr. D. Md.), defendant
Industrial Bank and plaintiff Firstrust Bank filed cross-motions
for summary judgment. Upon deliberation, Bankruptcy Judge Thomas J.
Catliota granted Industrial Bank's motion and denied Firstrust
Bank’s motion.

As of the petition date, both banks held perfected security
interests in all of the assets of debtor Essex Construction, LLC,
with Industrial Bank's security interest being senior to that of
Firstrust. Industrial Bank's financing statement lapsed
post-petition on February 13, 2017, when it failed to file timely a
continuation statement. Firstrust argues that, as a result of the
lapse, Industrial Bank's lien ceased to be perfected and now
Firstrust, rather than Industrial Bank, holds the first priority
position in the debtor's assets. Industrial Bank disagrees, and
argues that in bankruptcy, liens are fixed as of the petition date,
and therefore the post-petition lapse in its financing statement
does not alter its senior position.

Firstrust argues that the elimination of the tolling provision
formerly in section 9-403(2) evidences a legislative intent to
override the rule that security interests are determined as of the
petition date, at least for security interests governed by the
Uniform Commercial Code. It argues, therefore, that a lapse in a
financing statement now has the same effect inside of bankruptcy as
outside of bankruptcy.

Firstrust's argument suffers from two flaws. First, Comment 4 to
§9-515 addressed the removal of the tolling provision in former
section 9-403(2). Thus, the drafters of the UCC left to the courts
to decide whether the security interest should be determined as of
the petition date or the date of lapse. The point, however, is that
Comment 4 makes clear that the revision to the UCC was not intended
to take that determination away from the courts under bankruptcy
law.

The second flaw is that the freeze rule has been routinely applied
in cases to which the former section 9-403(2) did not apply, either
because they were decided before section 9-403(2) was adopted, they
addressed liens governed by the UCC but not subject to section
9-403(2), or they addressed non-UCC liens. The application of the
freeze rule in these cases undermines Firstrust's argument that the
elimination of former section 9-403(2) was intended to override the
freeze rule.

The court agrees with the holding that the security interest
continues to be effective after the lapse vis-a-vis the debtor.
There was no junior secured creditor in the case and no need for
the court to address the issue in dispute here. The decision goes
on to state, however, that the "one exception" would be a
prepetition junior secured creditor, who "would take priority over
the creditor with the lapsed financing statement." While this court
respects the views of the Highland II court, it declines to adopt
this latter statement. The statement is admittedly obiter dictum
("but in this case there is no such creditor."). Further, while the
court agrees that the statement is an accurate description of the
result outside of bankruptcy under section 9-515(c), it disagrees
that this is the result in bankruptcy under the freeze rule.
Because the dispute in Highland II could be resolved readily under
the current version of the UCC, the historic application of the
freeze rule in cases to which the UCC did not apply took a back
seat in the court's statement concerning the effect a lapse would
have on a nonexistent junior creditor.

For these reasons, the court concludes that the post-petition lapse
of Industrial Bank's financing statement did not result in
Firstrust becoming the senior security interest holder. The court,
therefore, grants Industrial Bank's motion for summary judgment and
denies Firstrust's motion.

A copy of the Court's Memorandum dated Sept. 25, 2018 is available
for free at https://bit.ly/2Ry642L from Leagle.com.

Firstrust Bank, Plaintiff, represented by Jennifer Larkin Kneeland
-- jkneeland@watttieder.co m -- Watt, Tieder, Hoffar & Fitzgerald,
LLP.

Industrial Bank, Defendant, represented by Catherine Keller Hopkin
-- chopkin@yvslaw.com - Yumkas, Vidmar, Sweeney & Mulrenin, LLC.

                About Essex Construction, LLC

Essex Construction, LLC, filed a Chapter 11 petition (Bankr. D. Md.
Case No. 16-24661) on Nov. 4, 2016. The petition was signed by
Roger R. Blunt, president and chief executive officer. The case is
assigned to Judge Thomas J. Catliota. At the time of filing, the
Debtor estimated assets to be less than $50,000 and liabilities at
$1 million to $10 million.

The Debtor hired Kim Y. Johnson, Esq., at the Law Offices of Kim Y.
Johnson, and N. William Jarvis, Esq., as legal counsel.

The Debtor has Robert Wrightson as executive vice president; Marc
Hunter as executive assistant to the President and CEO; Mr. Curtis
Bowers as marketing director; and BradyRenner and Company, LLC as
accountant.

The Office of the U.S. Trustee appointed Bradford F. Englander,
Esq., as Chapter 11 trustee on March 17, 2017. The court confirmed
the appointment on March 21, 2017. The Chapter 11 trustee is
represented by Bradford F. Englander, Esq. at Whiteford, Taylor &
Preston, LLP. The Trustee hires Protiviti Inc., as financial
advisor.


FILBIN LAND: May Continue Using Cash Collateral Until Nov. 30
-------------------------------------------------------------
The Hon. Ronald H. Sargis of the U.S. Bankruptcy Court for the
Eastern District of California has entered an order authorizing
Filbin Land & Cattle Co., Inc.'s use of cash collateral,
retroactively for the period Jan. 17, 2018, through Sept. 6, 2018,
and Sept. 6, 2018, through Nov. 30, 2018.

The hearing on the Cash Collateral Motion is continued to Nov. 29,
2018 at 10:30 a.m. to consider a Supplement to the Motion to extend
the authorization to use cash collateral.  On or before Nov. 16,
2018, the Debtor will file and serve supplemental pleadings for the
further use of cash collateral.  Any opposition to the requested
use of cash collateral may be presented orally at the hearing.

The hearing on the request for Retroactive Authorization is
continued on Oct. 18, 2018 at 10:30 a.m.

A full-text copy of the Order is available at

            http://bankrupt.com/misc/caeb18-90030-308.pdf

                    About Filbin Land & Cattle

Filbin Land & Cattle Co., Inc., is a privately-held company in
Patterson, California, engaged in the cattle business.  It is a
merchant wholesaler of raw farm products.

Filbin Land & Cattle Co. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 18-90030) on Jan. 17,
2018.  In the petition signed by Jeffery Edward Arambel, its
president and CEO, Filbin Land estimated assets of $1 million to
$10 million and liabilities of $50 million to $100 million.

Jeffery Edward Arambel also filed a separate Chapter 11 petition
(Bankr. E.D. Cal. Case No. 18-90029) on Jan. 17, 2018.

The cases are jointly administered with Arambel's case as the lead.
Judge Ronald H. Sargis presides over two cases.

Filbin Land tapped St. James Law P.C. as its bankruptcy counsel;
Arch & Beam Global, LLC, as financial advisor; and Braun
International Real Estate, as real estate broker.

Arambel tapped Reno F.R. Fernandez, III, Esq., as counsel.


FLOOR & DECOR: S&P Ups Issuer Credit Rating to BB-, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings raised its ratings on Smyrna, Ga.-based Floor &
Decor Holdings Inc. (FND) to 'BB-' from 'B+'. The outlook is
stable.

S&P said, "In addition, we raised our issue-level rating on the
first-lien term loan due 2023 to 'BB' from 'BB-'. The recovery
rating remains '2', indicating our expectation for substantial
(70%-90%; rounded estimate: 80%) recovery of principal in the event
of payment default.

"We do not rate the $200 million asset-based lending (ABL) revolver
due 2021.

"The upgrade reflects our expectation that FND will continue to
gain market share in the coming year, with the reduced risk of a
re-leveraging event helping the company maintain improved credit
measures, including lease adjusted leverage remaining in the low-3x
range.

"The stable outlook on FND reflects its high growth nature, with
consistently positive same-store sales in recent years. In our
view, its unique niche focus on hard surface flooring retailing and
competitive pricing compared with peers offset its limited online
presence and weaker brand positioning compared with the larger home
improvement players.

"We could raise the rating if FND can meaningfully expand market
share while maintaining positive same-store sales trends and strong
cash flow generation, causing us to believe the company's
competitive position has strengthened. We would also consider
raising the rating if we expect FND will maintain leverage below
3x, FFO/debt above 30% and EBITDA interest coverage above 6x with
minimal risk of a material re-leveraging event.

"We could lower the rating if we expect leverage will approach 4x,
FFO/debt will remain below 20% and EBITDA interest coverage
declines toward 4x. This could occur if the company faced
macroeconomic or competitive pressures requiring promotional
activity to drive traffic, resulting in margin declines of roughly
200 bps beyond our base case assumptions. We would also lower the
rating if FND's competitive position eroded causing us to reassess
our view of the business."



FLORA E. WEIMERSKIRCH: Court Confirms 1st Amended Chapter 11 Plan
-----------------------------------------------------------------
Bankruptcy Judge Frederick P. Corbit confirmed Flora E.
Weimerskirch's first amended plan of reorganization.

The Court finds that the provisions of Chapter 11 of the United
States Code have been complied with and the Plan has been proposed
in good faith and not by any means forbidden by law.

All payments made or promised by the Debtor or by a person issuing
securities or acquiring property under the Plan or by any other
person for services or for costs and expenses in, or in connection
with, the Plan and incident to the case, have been fully disclosed
to the Court and are reasonable and are approved, or, if to be
fixed after confirmation of the Plan, will be subject to approval
of the Court.

The Court also finds the Notice of Plan Modification and Disclosure
Statement Amendment complies with 11 U.S.C. sections 1125 and 1127,
is adequate.

The bankruptcy case is in re: FLORA E. WEIMERSKIRCH, Chapter 11,
Debtor, No. 18-00037-FPC11 (Bankr. E.D. Wash.).

Flora E. Weimerskirch, Debtor, represented by Kevin ORourke,
Southwell and O'Rourke.

US Trustee, U.S. Trustee, represented by James D. Perkins, U S Dept
of Justice/U S Trustee Office.

A copy of the Court's Findings of Fact dated Sept. 19, 2018 is
available at https://bit.ly/2RsCoEf from Leagle.com

Flora E. Weimerskrich sought Chapter 11 protection (Bankr. E.D.
Wash. Case No. 8-00037-FPC11) on Jan. 5, 2018.


GOBP HOLDINGS: S&P Affirms B- Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on
Emeryville, Calif.–based GOBP Holdings Inc. The outlook is
stable.

S&P said, "At the same time, we assigned our 'B-' issue-level
rating to the company's $825 million first-lien credit facilities,
which consist of a $100 million revolver and a $725 million term
loan. The '3' recovery rating indicates our expectation for
meaningful recovery (50%-70%; rounded estimate: 55%) in the event
of a payment default.

"We also assigned our 'CCC' issue-level rating on the company's
proposed $150 million second-lien term loan. The '6' recovery
rating indicates our expectation for negligible (0%-10%; rounded
estimate: 0%) recovery in the event of a default.

"The ratings affirmation reflects our view that Grocery Outlet's
financial sponsor owner Hellman & Friedman is capitalizing on the
company's recent strong operating performance to take its second
sizable dividend in just over two years, which we believe indicates
a very aggressive financial policy.

"The stable outlook reflects our expectation that Grocery Outlet's
consistent growth of opportunistic supply, additional natural and
organic offerings, and successful store expansion will continue
over the coming 1-2 years, supporting its position as a leading
U.S. extreme-value food retailer. This should help the company
reduce leverage modestly and maintain adequate liquidity over the
next 12 months in spite of a higher interest burden following the
refinancing.

"We could lower the rating if Grocery Outlet's liquidity becomes
constrained and credit protection metrics weaken, including
negative FOCF and EBITDA interest coverage approaching 1.5x, such
that we view the company's capital structure as unsustainable. This
could occur if Grocery Outlet faces increased competition,
execution challenges related to its aggressive expansion plans, or
product sourcing issues.

"Although unlikely over the next 12 months, we could raise the
rating if credit metrics improve faster than our base-case forecast
such that interest coverage approaches the 3x range. For this to
occur, we would need to see sustained strong operating performance
trends and successful new store expansion that drives EBITDA growth
20% higher than our base-case forecast. We would also need to
believe leverage will remain below the low-6x area, requiring a
less aggressive financial policy (i.e., no expectation for further
debt-funded dividends) from the company's financial sponsor."



HD SUPPLY: S&P Assigns 'BB-' Rating on New $750MM Unsec. Notes
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '6'
recovery rating to Atlanta-based industrial distributor HD Supply
Inc.'s proposed $750 million senior unsecured notes due in 2026.
The '6' recovery rating indicates S&P's expectation of negligible
(0%-10%; rounded estimate: 5%) recovery in the event of a default.


S&P said, "We expect that HD Supply will use the proceeds,
available cash and borrowings under its asset-based lending (ABL)
revolving credit facility to redeem all of its outstanding $1
billion senior unsecured notes due in 2024.

"Our issuer credit rating on HD Supply remains 'BB+' with a stable
outlook. Our rating reflects the company's respectable
business-line diversity, solid market positions, and good
operational scale. These positive factors are tempered by the
cyclical nature of HD Supply's housing- and construction-related
end markets and its limited pricing power given the fragmented and
highly competitive industry consisting of other distributors,
manufacturers that sell directly to customers, and internet-based
entrants. Our stable outlook is based on our expectation that
steady macroeconomic growth and continued improvement in HD
Supply's nonresidential and residential construction end markets
will allow the company to generate good free cash flow of about
$500 million annually and maintain leverage of 2x-3x over the next
12 months."   

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors:

S&P said, "Our simulated default scenario envisions the company
defaulting in 2023 following an economic downturn and sustained
weakness in the construction and industrial markets, which leads to
a significant decrease in sales volumes. These challenges also
result in pricing pressure, margin compression, and strained cash
flow.

"We value the company on a going-concern basis using a 6x multiple
on our projected emergence EBITDA of about $296 million."  

Simulated default assumptions:

-- ABL revolving credit facility is 60% drawn at default.
-- All debt amounts include six months' prepetition interest.

Simplified waterfall:

-- Gross recovery value: $1,775 million
-- Net recovery value after administrative expenses (5%): $1,686
million
-- Valuation split (obligors/nonobligors): 95%/5%
-- Estimated priority ABL facility claims: $585 million
    --Recovery expectations: 90%-100% (rounded estimate: 95%)
-- Collateral value for first-lien secured creditors: $1,093
million
-- First-lien secured debt claims: $1,060 million
    --Recovery expectations: 90%-100% (rounded estimate: 95%)
-- Total value available for unsecured claims: $41 million
-- Total unsecured claims: $770 million
    --Recovery expectations: 0%-10% (rounded estimate: 5%)

  RATINGS LIST

  HD Supply Inc.
   Issuer Credit Rating          BB+/Stable/--

  New Rating
  HD Supply Inc.
   Senior Unsecured
    $750 mil notes due 2026      BB-
     Recovery Rating             6 (5%)



HERB PHILIPSON'S: Case Summary & 20 Largest Unsecured Creditor
--------------------------------------------------------------
Debtor: Herb Philipson's Army and Navy Stores Inc.
        1899 Black River Boulevard
        Rome, NY 13440

Business Description: Founded in 1951, Herb Philipson's Army and
                      Navy Stores Inc. --
                      https://herbphilipsons.com -- is a retailer
                      for outdoor and casual apparel, workwear,
                      footwear and sporting goods.  Herb
                      Philipson's is known for brands such as
                      Carhartt, Columbia, Levi, Lee, Under Armour,
                      Dickies, Timberland and The Northface.
                      It is also the exclusive retailer for the
                      Utica Comets Hockey Team and the new
                      Utica City Football Club.  Herb has retail
                      locations in Rome, Liverpool, New Hartford,
                      Newark, Oneida, Oswego, Herkimer, DeWitt,
                      and Watertown, New York.

Chapter 11 Petition Date: October 8, 2018

Court: United States Bankruptcy Court
       Northern District of New York (Utica)

Case No.: 18-61376

Debtor's Counsel: Maureen T. Bass, Esq.
                  CULLEN AND DYKMAN LLP
                  44 Wall Street, 19th Floor
                  New York, NY 10005
                  Tel: 212-732-2000
                  Fax: 212-742-1219
                  Email: mbass@cullenanddykman.com

                    - and -

                  Scott A. Griffin, Esq.
                  Michael D. Hamersky, Esq.
                  GRIFFIN HAMERSKY LLP
                  420 Lexington Avenue, Suite 400
                  New York, NY 10170
                  Tel: 646-998-5575
                  Fax: 646-998-8284
                  Email: sgriffin@grifflegal.com

Debtor's
Financial
Advisor:          SCOULER KIRCHHEIN, LLC

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Guy Viti, president.

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

           http://bankrupt.com/misc/nynb18-61376.pdf


HORIZONTAL RENTALS: Has Authority on Interim Cash Collateral Use
----------------------------------------------------------------
The Hon. Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas has signed a second interim order
authorizing Horizontal Rentals, Inc. to use cash collateral as set
forth in the interim budget.

The Court will conduct a final hearing on the Cash Collateral
Motion on Oct. 24, 2018 at 9:00 a.m.

The Debtor is authorized to use cash collateral to pay its actual
and necessary ongoing operational expenses, including payroll,
pending the final hearing on the Cash Collateral Motion. However,
no professional fees will be paid using the cash collateral without
approval of the Court. The Budget provides total cash disbursements
in the aggregate sum of $82,985 during the month of October 2018..

All secured parties with interest in cash collateral are granted a
replacement lien in postpetition property of the Debtor to the same
extent, priority and validity as their prepetition lien.

In addition, the Debtor will make periodic monthly payments to
Frost Bank in the sum of at least $2.417 each month until a Plan of
Reorganization for the Debtor is conferment or until further order
of the Court. Moreover, the Debtor will maintain insurance upon the
property giving rise to the cash collateral.

A full-text copy of the Second Order is available at

         http://bankrupt.com/misc/txwb18-51972-22.pdf

                   About Horizontal Rentals

Based in Seguin, Texas-based Horizontal Rentals, Inc. --
http://horizontalrentalsinc.com/-- offers oil field equipment for
rent for the oil and gas industry. The Company offers eliminator
separation system, standard skim system, strategic Hydrodynamic
separator, gas management program, mud mixing units, light towers,
fire box systems and hydro washers.

Horizontal Rentals filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No.
18-51972) on Aug. 20, 2018.  In the petition signed by Brian
Warncke, vice president, the Debtor estimated $50,000 in assets and
$1 million to $10 million in liabilities.  Judge Craig A. Gargotta
presides over the case.  The Law Office of David T. Cain is the
Debtor's counsel. King and Sommer, Attorney at Law, is the special
litigation counsel.


I-LOGIC TECH: Moody's Affirms B3 CFR & Alters Outlook to Positive
-----------------------------------------------------------------
Moody's Investors Service changed I-Logic Technologies Bidco
Limited's rating outlook to positive from stable and affirmed its
Corporate Family Rating at B3, its Probability of Default Rating at
B3-PD, and its senior secured first lien credit facility ratings at
B3.

The change in outlook to positive reflects the significant progress
Dealogic has already made in its cost savings initiatives which,
along with organic revenue growth, Moody's expects will drive
leverage towards 6x over the next 12-18 months.

Outlook Actions:

Issuer: I-Logic Technologies Bidco Limited

Outlook, Changed To Positive From Stable

Affirmations:

Issuer: I-Logic Technologies Bidco Limited

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

Senior Secured Bank Credit Facility Affirmed B3 (LGD3)

RATINGS RATIONALE

Dealogic's B3 CFR broadly reflects high leverage, and a relatively
small and concentrated revenue base, but also a well-established
market position, a core of subscription-based revenue, and good
profitability. Leverage is high as measured by debt/EBITDA over 7x
(including Moody's standard adjustments) for the twelve months
ended June 30, 2018. Moody's expects this figure will approach 6x
as the company benefits from a lower operating cost base and
organic revenue growth. Also resulting in lower leverage is an
optional debt prepayment of about $10 million that the company made
in May 2018. Moody's notes that the split between the term loans in
USD and Euros does not currently line up with cash flows so there
could be risk from currency mismatch. With EBITDA/interest of about
2x, this risk is alleviated in the near-term and the mix of cash
flows could shift over time. While on the surface the pending term
loan re-pricing supports a reduction in interest expense, Moody's
continues to expect further rate increases that over time will
largely offset this benefit.

Despite being a well-known service provider to its core market of
financial service institutions, the company is relatively small as
measured by a roughly $170 million revenue base. However, the
company benefits from a solidly established and entrenched position
with a high degree of market penetration particularly as a provider
of transaction and fee information, and analytics to the global
investment banking industry which support EBITDA margins over 50%.
The company has relatively significant revenue concentration among
top customers with the top ten comprising over two fifths (data as
of late 2017). Revenue is supported by sticky customer
relationships with each of these top ten having been with the
company for decades. The company also has over 700 customers of
which the top 50 represent around 75% of revenue. These customers
also use multiple products across various regions. The company
benefits from the reliance by its customers on certain data and
tools it provides to price products, develop strategy, and
understand market share which is reflected by high retention rates.
Revenue also benefits from the large portion that is comprised of
subscriptions (roughly three quarters) which support visibility.

Financial metrics cited include Moody's standard adjustments.
Moody's expenses Dealogic's capitalized software development costs.


Factors that could lead to an upgrade include debt/EBITDA sustained
below 6x and financial policies supportive of leverage remaining at
this level; maintenance of good liquidity and free cash flow to
debt of over 5%; sustained profitable, organic revenue growth;
reduced customer concentration and greater revenue diversification
from service lines.

Factors that could lead to a downgrade include lack of growth or a
decline in revenue including due to loss of a key customer or
decreased customer retention; deterioration in liquidity including
near breakeven or negative free cash flow; leveraging acquisitions;
or debt-funded dividends.

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

Dealogic, with dual headquarters in New York and London, provides
transaction data and analytics to the investment banking industry,
as well as investor book building and event workflow services. It
also provides services to the investment management and private
equity community. The company is privately held and majority-owned
by ION with ownership stakes also held by The Carlyle Group and the
management team.


IMPERIAL CAPITAL: Court Affirms Approval of Settlement Agreement
----------------------------------------------------------------
Appellant BB Holding Group, LLC, appeals from an August 17, 2017
Order entered by Bankruptcy Judge Shelley C. Chapman that approved
a global settlement agreement in two related bankruptcy
proceedings: a Chapter 11 petition signed by Melvin Cooper and
filed on behalf of Imperial Capital LLC, and a Chapter 7 petition
filed by Cooper individually. Animating these tandem appeals is
BBHG's claim that certain property transferred by the respective
bankruptcy trustees pursuant to the Settlement Agreement -- in
particular, the causes of action in a New York state-court action
(the "BBHG Action") -- did not constitute property of Cooper's
bankruptcy estate. Appellant claims that it, and not the Cooper
Estate, owns the disputed causes of action. Broadly speaking,
Appellant urges the Court to reverse the Bankruptcy Court's Order
approving the Settlement Agreement.

Upon careful review of the case, District Judge Katherin Polk
Failla denies the appeals and affirms the Bankruptcy Court's Order
approving the Settlement Agreement.

Appellant claims that the Bankruptcy Court erred in (i) approving
the Settlement Agreement despite evidence that certain transferred
property in fact belonged to BBHG; (ii) failing to apply the
doctrine of incorporation by estoppel to recognize BB LLC as a
legal entity, which Appellant argues would have supported a finding
that the disputed causes of action belonged to BBHG; (iii)
permitting the disputed causes of action to be transferred free and
clear of attorneys' charging liens; and (iv) failing to approve
BBHG's request for additional discovery on the question of
ownership of the shares in QT, and on the related claims asserted
in the BBHG Action.

The Court holds that whether the transfer is effectuated pursuant
to a settlement agreement, a public auction or a private sale is
largely immaterial to the section 363(m) analysis. The Court sees
no meaningful distinction between a sale, on the one hand, and a
transfer of property in exchange for valid consideration, on the
other. To find otherwise would be to elevate form over substance.
It would also threaten to undermine the policy that section 363(m)
serves: to encourage "finality in bankruptcy sales" and to
"assist[] the bankruptcy court to secure the best price for the
debtor's assets."  For these reasons, the Court finds that the
transfer of the BBHG causes of action to the Transferees
constitutes a "sale" for purposes of section 363(m).

The Court also rejects, as irrelevant and unpersuasive, Appellant's
argument that the Settlement Agreement would be undisturbed if the
Court were to undo the transfer of the BBHG Action. The Court fails
to see the relevance, for purposes of the good faith inquiry, of
the Settlement Agreement's ability to withstand an unwinding of the
challenged transfer. Yet even if that were somehow relevant, the
Court finds it unlikely that the Settlement Agreement would survive
if the transfer of the BBHG Action were undone. A review of the
Settlement Agreement suggests that the disputed transfer was not
peripheral. Similarly, the fact that 4 out of 13 pages in the
Bankruptcy Court's Order approving the Settlement Agreement dealt
exclusively with the transfer of the disputed causes of action
further evidences their importance to the agreement. The record
strongly suggests that those causes of action were central to the
settlement discussions, and that the transfer of the BBHG Action
could not be undone without threatening the viability of the
Settlement Agreement.

The Court also cannot find that the Bankruptcy Court erred in
denying BBHG's request for additional discovery. Nor does the Court
find any support for Appellant's contention that the Bankruptcy
Court "failed to provide Appellant with a full and fair opportunity
to establish a record[.] "When the Court considers (i) the public
nature of some of the documents sought, (ii) the parties' relative
access to the relevant information, (iii) the likely loss or
destruction of QT records that might once have been in the
possession of the parties from whom Appellant seeks discovery, and
(iv) David Cooper's representation that neither he nor Eric Ramos
has information pertinent to the issues at hand, it is persuaded
that any further discovery would be futile, if not vexatious. It,
therefore, concurs with the Bankruptcy Court's decision not to
grant Appellant's request for further discovery.

The bankruptcy case is in re: IMPERIAL CAPITAL, Debtor, Case. No.
14-10236 (Bankr. S.D.N.Y.).

A copy of the Court's Opinion and Order dated Sept. 24, 2018 is
available at https://bit.ly/2Cvplh6 from Leagle.com.

BB Holding Group LLC, Appellant, represented by Zaki Isaac Tamir,
Gofer Tamir, and Associates.

Albert Togut, Appellee, represented by Neil Berger --
neilberger@teamtogut.com -- Togut, Segal & Segal LLP & Patrick
Daniel Marecki Togut, Segal & Segal LLP.

                About Imperial Capital LLC

Imperial Capital LLC is a real estate holding company that acquired
properties in Florida and New York.  

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 14-10236) on January 31, 2014.  Mel
Cooper, member, signed the petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of $1 million to $10 million.

Judge Shelley C. Chapman presides over the case.  William H.
Salgado, Esq., served as the Debtor's bankruptcy counsel.

Salvatore LaMonica was appointed Chapter 11 trustee for the
Debtor.

The trustee hired LaMonica Herbst & Maniscalco, LLP.


JEFFREY BERGER: BOC Piecemeal Litigation Transferred to Montana Ct.
-------------------------------------------------------------------
District Judge Christine M. Arguello granted Defendants Wibaux 1,
LLC, Jeffrey W. Berger, Tami M. Berger, and Pro-Frac Heating and
Trucking, LLC's ("Borrower Defendants") motion to transfer or stay
piecemeal litigation captioned BANK OF COLORADO, a Colorado
corporation, Plaintiff, v. WIBAUX 1, LLC, a Montana limited
liability company, JEFFREY W. BERGER, a/k/a Jeff Berger, TAMI M.
BERGER a/k/a Tami Berger, PRO-FRAC HEATING & TRUCKING, LLC, a North
Dakota limited liability company, and UNITED STATES OF AMERICA,
acting through the Internal Revenue Service, Defendants, Civil
Action No. 17-cv-02871-CMA-SKC (D. Colo.).

The case concerns personal and real property owned by Borrower
Defendants and located across seven counties in three states,
Montana, North Dakota, and South Dakota. Defendants Jeffrey Berger
and Tami Berger ("Berger Defendants") wholly own Defendants Wibaux
1, LLC and Pro-Frac Heating and Trucking, LLC (the "LLC
Defendants"). Between 2013 and 2015, Plaintiff Bank of Colorado
financed Borrower Defendants' acquisition of this property in three
multi-million dollar loans. These loans have been in default for
more than one year.

On Jan. 16, 2018, the day before the hearing, Borrower Defendants
notified the Court that the Berger Defendants had filed for relief
under Chapter 11 of the Bankruptcy Code in the federal Bankruptcy
Court for the District of Montana. In accordance of Section 362 of
the Bankruptcy Code, an automatic stay of all proceedings as to the
Berger Defendants went into effect immediately upon the Berger
Defendants' filing of bankruptcy, and this automatic stay remains
in place. The Bankruptcy Court for the District of Montana
subsequently ruled that the automatic stay does not extend to the
LLC Defendants; accordingly, the action before this Court proceeds
against the LLC Defendants.

Borrower Defendants argue that transfer of the action to the
Montana Court is warranted for three reasons: (1) the law of the
case doctrine and principles of comity support transfer to the
Montana Court; (2) the Bank's claims in this action should have
been filed as compulsory counterclaims in the Montana Case; and (3)
the first-to-file rule supports transfer.

At the outset, Borrower Defendants have met their burden to
demonstrate that litigation in this Court is inconvenient.  They
assert in both the Montana Case and the case before this Court that
they have primarily resided in Montana for the past two years and
are involved in the day-to-day management of five Montana ranches
(comprising 80,000 acres) at issue in this lawsuit.  They claim to
own a home a home in Billings, Montana, and to have approximately
twenty vehicles there.  Borrower Defendants also anticipate calling
witnesses who reside in Montana.  The Court, therefore, has reason
to believe it would be inconvenient for Borrower Defendants to
litigate the Bank's claims against them in this Court. Furthermore,
the Court recognizes this case and the Montana Case concern the
same facts and the same underlying loan transactions. Having two
courts across two states assess the same evidence will, as Borrower
Defendants state, "result in unnecessary delay and substantial
inconvenience and expense to the parties and witnesses." Borrower
Defendants have thus persuaded the Court that this forum, the
District of Colorado, is inconvenient.

Perhaps more importantly, the comity doctrine supports transfer of
this action to the Montana Court. According to this doctrine, "the
first federal district court which obtains jurisdiction of parties
and issues should have priority and the second court should decline
consideration of the action until the proceedings before the first
court are terminated."

The comity doctrine is well-suited for the case presently before
the Court. The Montana Court was the first federal district court
to obtain jurisdiction over Borrower Defendants and the Bank, and
it has priority. Moreover, the risks of inconsistent rulings and of
wasteful expenditure of judicial resources are significant in this
case. The Court, therefore, exercises its discretion under the
Section 1404(a) to transfer the matter to the Montana Court.

A copy of the Court's Order dated Sept. 21, 2018 is available at
https://bit.ly/2BWoeG9 from Leagle.com.

Bank of Colorado, a Colorado corporation, Plaintiff, represented by
Scott C. Sandberg -- ssandberg@spencerfane.com -- Spencer Fane LLP
& John Anthony O'Brien, Spencer Fane LLP.

Wibaux 1, LLC, a Montana limited liability company, Jeffrey W.
Berger, also known as Jeff Berger, Tami M. Berger, also known as
Tami Berger & Pro-Frac Heating & Trucking, L.L.C., a North Dakota
limited liability company, Defendants, represented by Angela L.
Ekker , Lorenzo Ekker Dallner, LLC.

USA, acting through, Defendant, represented by Juan G. Villasenor,
U.S. Attorney's Office.

Jeffrey W. Berger and Tami M. Berger sought Chapter 11 protection
(Bankr. D. Mont. Case No. 18-60032) on Jan. 16, 2018.  The Debtors
tapped Patten, Peterman, Bekkedahl & Green, P.L.L.C., as counsel.
Bill Bahny with Bahny and Associates and Erik Peterson with Proven
Realty, LLC, serve as brokers.


JUPITER RESOURCES: Moody's Cuts CFR to Ca & Alters Outlook to Neg.
------------------------------------------------------------------
Moody's Investors Service downgraded Jupiter Resources Inc.'s
Corporate Family Rating to Ca from Caa1, Probability of Default
Rating to Ca-PD from Caa1-PD, and senior unsecured notes rating to
Ca from Caa2. The outlook was changed to negative from stable.

"The downgrade of Jupiter reflects the company's election to miss
an interest payment while exploring restructuring opportunities
that could lead to a loss to the US$1.1 billion note holders and
forbear the interest payment beyond the 30 day grace period," said
Paresh Chari, Moody's VP-Senior Analyst.

Downgrades:

Issuer: Jupiter Resources Inc.

Probability of Default Rating, Downgraded to Ca-PD from Caa1-PD

Corporate Family Rating, Downgraded to Ca from Caa1

Senior Unsecured Regular Bond/Debenture, Downgraded to Ca (LGD4)
from Caa2 (LGD4)

Outlook Actions:

Issuer: Jupiter Resources Inc.

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Jupiter's Ca CFR reflects the high likelihood of default due to the
missed interest payment and the very high likelihood of a
restructuring. The company is engaged in discussions with its note
holders regarding ways to improve its capital structure, which
Moody's believes is unsustainable at current weak Alberta natural
gas prices and operating performance. The company's leverage is
high (2019 RCF to Debt below 5%) and interest coverage is weak
(2019 less than 2x).

Jupiter's liquidity is weak. At June 30, 2018 Jupiter had no cash
and C$109 million available (after C$106 million in letters of
credit) under its revolver due September 2019. The revolver
drawings of $210 million are now current and the company has no
sources of liquidity. The revolving credit facility lenders have
agreed to waive any defaults under the credit agreement that may
arise by not making the October 1, 2018 interest payment. The
US$1.1 billion senior unsecured notes are due 2022.

The negative outlook reflects Moody's view of a near term capital
restructuring.

The ratings could be downgraded if Jupiter files for creditor
protection.

The ratings could be upgraded if the revolver maturity is extended
and debt is reduced to more sustainable levels.

Jupiter is a privately-owned Calgary, Alberta based exploration and
production company.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.


K & J COAL: Hires Hires CX-Energy as Broker
-------------------------------------------
K & J Coal Co., Inc., a reorganized debtor, seeks authority from
the U.S. Bankruptcy Court for the Western District of Pennsylvania
to employ Shale Consultants, LLC, d/b/a CX-Energy, as broker to the
Debtor.

Shale Consultants, LLC, d/b/a CX-Energy was heretofore retained by
the Reorganized Debtor, with this Court's approval, to serve as
auctioneer/broker for the Reorganized Debtor's interests in oil and
gas in over 5,600 acres, and was able to locate a buyer at a price
acceptable to the Reorganized Debtor which sale was approved and
authorized by this Court, which sale ultimately closed.

After considering the performance of Shale Consultants, LLC as
regards the sale of the oil and gas interests, management of the
Reorganized Debtor has determined that the best interests of the
creditors of the estate and the Reorganized Debtor will be
furthered by the retention of Shale Consultants, LLC to serve as
broker for the Reorganized Debtor in the sale of 4 parcels situate
In Chest Township, Clearfield County, Pennsylvania, and it has
agreed to serve as broker for a sales commission of 6% of the
highest offer brought by it to the Reorganized Debtor and its
counsel at least 1 hour prior to the scheduled sale of the property
before the Court, provided the property is actually sold and a
closing occurs upon said sale approved and authorized by the Court.


William Smith, a realtor employed by Shale Consultant, LLC, assures
the Court that he is a disinterested person within the meaning of
11 U.S.C. 101(14).

The broker can be reached through:

     William Smith
     Shale Consultant, LLC
     382 W Chestnut St #107
     Washington, PA 15301, USA

                      About K & J Coal Co.

K&J Coal Co., Inc., also known as K & J Coal Co., sought Chapter 11
protection (Bankr. W.D. Penn. Case No. 02-26645) on July 19, 2002.

The Court approved and confirmed the Debtor's Plan of
Reorganization dated Aug. 31, 2003, as amended, pursuant to the
Confirmation Order dated Feb. 9, 2004.

The Reorganized Debtor tapped James R. Walsh, Esq., at Spence,
Custer, Saylor, Wolfe & Rose, LLC, as counsel.



KCST USA: Arbitrator Rejects Massachusetts Technology's Claim
-------------------------------------------------------------
An arbitrator has rejected a $30 million claim by the Massachusetts
Technology Park Corp. ("MTC"), and awarded KCST USA, f/k/a Axia
NGNetworks USA, Inc. ("KCST"), and Axia NetMedia Corp. ("Axia")
$12.2 million from MTC, a Commonwealth of Massachusetts state
agency, in the dispute over the operation of the MassBroadband 123
Network.  The decision comes after months of testimony where more
than one million pages of documents were produced in the three
months preceding and during the hearing.  The arbitrator's decision
also reformed the network operating agreement in a manner
consistent with KCST's interpretation of the contract, and it voids
Axia's Guaranty of KCST's performance.

"We are extremely gratified by the arbitrator's decision.  He gave
all parties a full and fair opportunity to present such evidence as
they deemed necessary to resolve this matter.  The arbitrator's
30-page decision is the product of his careful review and analysis
of the voluminous evidence presented," said Daniel J. Lyne,
attorney at Murphy & King, P.C. who represented KCST in the
arbitration.  Murphy & King also represents KCST in its ongoing Ch.
11 proceedings in U.S. Bankruptcy Court.

"KCST has consistently endeavored to serve the people of western
and north central Massachusetts by providing high quality network
operating services, notwithstanding MTC's repeated failure to meet
its contractual obligations.  Now that these claims have been
resolved, KCST intends to move forward to complete its Chapter 11
reorganization in an orderly way as a result of the arbitrator's
decision, which not only awarded KCST $7.47 million, but just as
importantly, reformed the contract going forward in a manner
consistent with KCST's request," said Attorney Lyne.

Attorneys Brian Voke, Adam Larson and Jessica Jeffrey of Campbell,
Campbell, Edwards & Conroy, P.C. represented Axia in the hearings
and represented KCST prior to the Chapter 11 filing.

"We are pleased that the arbitrator's well-reasoned decision fully
vindicates Axia NetMedia Corp. and KCST USA Inc. after years of
litigation.  The arbitrator found that MTC unlawfully failed to
build and deliver the network it contracted to provide, and that as
a result Axia had no legal obligation to guarantee the performance
of its former subsidiary KCST or the continued operation of the
middle mile network.  We are thankful that, after all of these
years of litigation, justice prevailed and that this decision
provides appropriate grounds for the dissolution of the prior
injunctions issued in the state and federal courts," said Attorney
Voke.

Harold B. Murphy and Andrew G. Lizotte of Murphy and King, P.C.
represent KCST in the pending bankruptcy.  Daniel J. Lyne,
co-leader of the firm's litigation department, and Aaron D.
Rosenberg represented KCST in the arbitration.

                      About KCST USA, Inc.

KCST USA, Inc., based in Concord, Mass., filed a Chapter 11
petition (Bankr. D. Mass. Case No. 17-40501) on March 22, 2017.  In
the petition signed by Terrence Fergus, its president, the Debtor
estimated $500,000 to $1 million in assets and $10 million to $50
million in liabilities.  The Hon. Elizabeth D. Katz presides over
the case.  Andrew G. Lizotte, Esq., and Harold B. Murphy, Esq., at
Murphy & King, P.C., serve as bankruptcy counsel to the Debtor.
Stephen Darr of Huron Consulting Services, LLC, is the chief
restructuring officer.


KENTON KEADING: Documents Docketed After Conversion to Ch. 11
-------------------------------------------------------------
Bankruptcy Judge William J. Lafferty, III, issued a memorandum
regarding the order granting Kenton Warner Keading's motion to
convert his case to chapter 11.

The conversion of the case to a case under chapter 11 triggered the
automatic docketing of a number of documents (the "Automatic
Documents"): Notice of Chapter 11 Bankruptcy Case, Order and Notice
of Chapter 11 Status Conference, and Order to File Required
Documents on Converted Case and Automatic Dismissal. The Court
notes that these Automatic Documents and associated deadlines are
automatically generated and docketed upon a case's conversion to
chapter 11. The Court further notes that the filing deadline and
hearing date from the Order supersede all dates associated with the
Automatic Documents, and advises Debtor and all interested parties
to proceed accordingly.

The bankruptcy case is in re: Kenton Warner Keading, Chapter 11,
Debtor, No. 18-41847 (Bankr. N.D. Cal.)

A copy of the Court's Memorandum dated Sept. 20, 2018 is available
at https://bit.ly/2y1KBXJ from Leagle.com.



KOMODO CLOUD: Seeks Authority to Use Arrow Cash Collateral
----------------------------------------------------------
Komodo Cloud, Inc., requests the U.S. Bankruptcy Court for the
Northern District of Illinois for authority to use cash
collateral.

The Debtor filed for bankruptcy protection because of, among other
things, a dispute with one of its former vendors, Arrow Enterprise
Computing Solutions. On August 29, 2017, Arrow filed a lawsuit
against Komodo in the Circuit Court of Cook County seeking judgment
for breach of contract, attorney’s fees, and unjust enrichment.
On June 21, 2018, Arrow obtained a Citation to Discover Assets from
the Circuit Court and served a copy of the Citation on Wells Fargo
Bank, N.A. where the Debtor had its pre-petition bank account.
Service of the Citation on Wells Fargo had the effect of "freezing"
the Wells Fargo Account.

Arrow contends that the Citation creates a valid and duly-perfected
security interest in favor of Arrow in the amount ($67,940.14) in
the Wells Fargo Account when the Citation was served on Wells Fargo
Bank. Accordingly, Arrow contends that the amount in the Wells
Fargo Account at that time is its cash collateral. However, the
Debtor disputes Arrow's contentions and asserts that Arrow's lien
is either invalid or avoidable.

Since the Petition Date, the Debtor has operated using unencumbered
funds collected from customers post-petition. To preserve the
status quo with respect to the Parties' legal right to the funds in
the Wells Fargo Account, and to give the Debtor access to those
funds pending a settlement or legal resolution of the Parties'
dispute, the Parties have stipulated to the Debtor's use of cash
collateral.

The material provisions of the Stipulation and proposed orders are
as follows:

      (1) the Debtor may transfer the funds in the Wells Fargo
Account to its DIP accounts and use those funds for any purpose
that it may use its otherwise unencumbered funds;

      (2) Arrow will receive a replacement lien in the Debtor's
post-petition cash up to the amount of its secured claim (if any);
and

      (3) the Parties' respective legal rights and remedies
regarding Arrow's alleged security interest in the Wells Fargo
Account are preserved.

A full-text copy of the Debtor's Motion with the Stipulation is
available at

            http://bankrupt.com/misc/ilnb18-17889-17.pdf

                      About Komodo Cloud

Komodo Cloud, Inc. -- http://www.komodocloud.com/-- is a provider
of computer systems design and related services.  The company
offers subscription, professional and managed services and IT
consulting for their clients.  It connects Cloud Platform companies
like NaviSite, Amazon Web Services, Microsoft Azure, CenturyLink,
Rackspace and Faction to its clients for on-site, co-located or
hybrid computer environments.  Komodo Cloud's head office is
located in Schaumburg, Illinois.

Komodo Cloud sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 18-17889) on June 24, 2018.  In the
petition signed by Nigel Lambert, president, the Debtor disclosed
$259,803 in assets and $1.99 million in liabilities as of June 21,
2018.  Judge Jacqueline P. Cox presides over the case.


LUCKY DRAGON: Court Authorized Oct. 2 Hotel Closing
---------------------------------------------------
BankruptcyData.com reported the Court hearing the Lucky Dragon
Hotel & Casino case directed the Debtors to close their hotel and
take all actions necessary or desirable to implement the closing.

BankruptcyData realted that the Court order stated, "the Debtors
are authorized to close the hotel on October 2, 2018; and it is
further ORDERED that Debtors will use their best efforts to (i)
advise future guests of the cancellation of their reservations;
(ii) refund advance deposits; and (iii) return the personal
property of Debtors' guests; and it is further ORDERED that Debtors
will coordinate with and cooperate in the turnover of the property
with any receiver that SCC may have appointed, to the extent such
receiver has been appointed on or before October 2, 2018; and it is
further ORDERED the Debtors are authorized to designate and
thereafter abandon any Remaining Property provided that Debtors
first give three days' written notice to the Committee, Snow
Covered Capital, the United States Trustee, the CenturyLink
Entities, the PDS Entities, and the EB-5 group specifically setting
out each and every piece of the Remaining Property that they seek
to abandon."

                      About Lucky Dragon LP
                  and Luck Dragon Hotel & Casino

Lucky Dragon, LP, owns the real estate and improvements of the
Lucky Dragon Hotel & Casino located at 300 West Sahara Avenue, Las
Vegas, Nevada, and employs 68 full-time and 30 part-time people.
Lucky Dragon Hotel & Casino, LLC operates the Resort Hotel and
Casino.

The Lucky Dragon Hotel & Casino, LLC, commenced its Chapter 11 case
by filing a voluntary petition (Bankr. D. Nev. Case No. 18-10792)
on Feb. 16, 2018.  The Lucky Dragon, LP, filed a voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev.
Case No. 18-10850) on Feb. 21, 2018.  The cases are jointly
administered under Lucky Dragon Hotel & Casino's Case No.
18-10792.

In the petition signed by Andrew S. Fonfa, managing member of
Eastern Investments, LLC, Lucky Dragon estimated assets of $100
million to $500 million and liabilities of $10 million to $50
million.  

Judge Laurel E. Davis presides over the cases.  

The Debtors tapped Schwartz Flansburg PLLC, which later merged into
Brownstein Hyatt Farber Schreck, LLP.  The Debtors also hired
Mushkin Cica Coppedge as conflicts counsel; Innovation Capital, LLC
as financial advisor; and Prime Clerk, LLC, as their claims and
noticing agent.  The Official Committee of Unsecured Creditors
retained Levene, Neale, Bender, Yoo & Brill LLP as general
bankruptcy counsel; Armstrong Teasdale LLP as co-counsel; and
Kolesar & Leatham, as Nevada co-counsel.


MEGHA LLC: Seeks Access to BancorpSouth Bank Cash Collateral
------------------------------------------------------------
Megha, LLC seeks authorization from the U.S. Bankruptcy Court for
the Western District of Louisiana to use cash collateral under 11
U.S.C. Sec. 363 for its general ongoing business operations.

The Debtor requires use of the proceeds of all accounts receivable
and cash on hand and in its bank accounts in the ordinary course of
its business to pay expenses of operations incurred during the
course of the Chapter 11 proceeding. The Debtor is in need of use
of these described funds being cash collateral of BancorpSouth
Bank.

Originating prepetition, BancorpSouth Bank is the lender on a
multiple indebtedness mortgage made unto Debtor, secured by, among
other things, an assignment by Debtor of all rents, profits,
bonuses, revenues, royalties, proceeds, accounts, contract rights,
and general intangibles.  Said mortgage is also secured by parcels
of land located in Iberia Parish, Louisiana.  Pursuant to the
multiple indebtedness mortgage and other correlative agreements,
the Debtor has borrowed from BancorpSouth the principal amount of
$7,068,919.

The Debtor proposes that, in addition to all existing security
interests and liens granted to or for the benefit of BancorpSouth
in and upon the prepetition property and as adequate protection for
the use of the cash collateral, BancorpSouth is granted a
post-petition lien on the postpetition properties of the kind and
nature that it holds in prepetition property to the Debtor, to the
extent it does not already have the same, in the same priority as
it held in prepetition property.

To the extent that adequate protection is deemed necessary
following a final hearing on the use of cash collateral, the Debtor
proposes to pay as adequate protection to BancorpSouth an amount
sufficient to cover the interest on its loan on a monthly basis,
should funds be available for the payment of same.

The Debtor also requests a carve out of $50,000 on an interim basis
and $250,000 on a final basis from the adequate protection liens,
for the payment of the following: (i) all fees and interest
requested to be paid to the Office of the U.S. Trustee; and (ii) to
the extent allowed by the Bankruptcy Court at any time, all accrued
and unpaid fees, disbursements, costs and expenses incurred by
professionals or professional firms retained by the Debtor or any
committee appointed under the Bankruptcy Code, excepting real
estate brokerage and/or investment banking success fees.

A full-text copy of the Debtor's Motion is available at

               http://bankrupt.com/misc/lawb18-51147-8.pdf

                        About Megha, LLC

Megha, LLC, filed as a Single Asset Real Estate as defined in 11
U.S.C. Section 101(51B).  The company has full ownership of lots 4
and 5 of Spanish Town Center known as the Hampton Inn and Suites
New Iberia with an appraisal value of $6.6 million.

Megha, LLC, filed a Chapter 11 petition (Bankr. W.D. La. Case No.
18-51147) on Sept. 11, 2018.  In the petition signed by Jay
Sachania, manager, the Debtor disclosed $8,137,429 in assets and
$6,529,035 in liabilities.  The case is assigned to Judge John W.
Kolwe.  Bradley L. Drell, Esq. at Gold, Weems, Bruser, Sues &
Rundell, serves as counsel to the Debtor.


MELISSA BREWER: District Court Dismisses Appeal as Moot
-------------------------------------------------------
Appellant Melissa Brewer in the case captioned IN RE: MELISSA
BREWER, Appellant, v. TEXANS CREDIT UNION, Appellee, Civil Action
No. 4:17-CV-668 (E.D. Tex.) appeals from the Bankruptcy Court's
Order of Dismissal for Failure to State a Claim Upon Which Relief
can be Granted and Amended Emergency Motion for Leave to Supplement
Briefing. After reviewing the relevant pleadings and motion,
District Judge Amos L. Mazzant, III finds Debtor's appeal and
motion are moot.

The issue is whether the Bankruptcy Court erred in dismissing
Debtor's First Amended Complaint for failure to state a claim upon
which relief can be granted. Specifically, whether Debtor pleaded a
plausible claim under Chapter 11 of the Bankruptcy Code to "strip
off" Texans' lien.

Debtor's appeal is moot because the Court lacks the power to
provide an effective remedy for her. The Bankruptcy Court dismissed
Debtor's bankruptcy proceeding. Accordingly, even if the Court
found that Debtor pleaded a plausible claim under Chapter 11,
Debtor could not proceed with the Adversary Proceeding and strip
off Texans' lien, as her Chapter 11 case was dismissed. Therefore,
regardless of the Court's ruling, the Court lacks the power to
provide an effective remedy for Debtor.  As a result, the Court
dismisses Debtor's appeal and denies her motion as moot.

A copy of the Court's Memorandum Opinion and Order dated Sept. 19,
2018 is available at https://bit.ly/2CtmOnt from Leagle.com.

Melissa G Brewer, Appellant, represented by H. Joseph Acosta --
joseph.acosta@fisherbroyles.com -- FisherBroyles, LLP.

Texans Credit Union, Appellee, represented by Randy L. Roberts,
Blalack & Williams, PC & Sharon H. Sjostrom, Blalack & Williams,
PC.

Melissa Brewer filed a voluntary petition for relief under chapter
13 (Bankr. E.D. Tex. Case No. 16-40841) on May 3, 2016.  On Oct.
13, 2016, the Court converted the Debtor's chapter 13 case to a
case under chapter 11.


MILLENNIUM LAB: Bankruptcy Court's Remand Opinion Upheld
--------------------------------------------------------
In the case captioned OPT-OUT LENDERS, Appellants, v. MILLENNIUM
LAB HOLDINGS II, LLC, et al., TA MILLENIUM, INC., and JAMES
SLATTERY, Appellees, Civ. No. 17-1461-LPS  (D. Del.), District
Judge Leonard P. Stark affirms the Remand Opinion with respect to
the Bankruptcy Court's constitutional authority to approve
Millennium Lab Holdings II, LLC and affiliates' Plan's releases,
and grants the Debtors' motion to dismiss all remaining issues on
appeal as equitably moot. Alternatively, the Court affirms the
Confirmation Order with respect to all remaining issues raised on
appeal.

On Dec. 14, 2015, the Opt-Out Lenders ("Voya"),  appealed the order
entered by the Honorable Laurie Selber Silverstein, Bankruptcy
Judge for the U.S Bankruptcy Court for the District of Delaware
confirming Debtors’ Amended Prepackaged Joint Plan of
Reorganization. The Debtors, joined by certain Equity Holders,
moved to dismiss the 2016 Appeal as moot. On March 20, 2017, the
Court issued a Memorandum Opinion and Order denying the motion to
dismiss and remanding to the Bankruptcy Court to consider whether
it had the constitutional authority to approve the releases
contained in the Plan. Judge Silverstein issued an opinion ("Remand
Opinion"), which held that the Bankruptcy Court had constitutional
authority to approve the releases as part of confirmation of the
Plan and further held that Voya had forfeited and waived any
challenge to the Bankruptcy Court's constitutional authority.

On Oct. 16, 2017, Voya appealed the Remand Opinion; as part of its
appeal, Voya also seeks to reassert the issues it had raised in its
2016 Appeal. The Debtors have again moved to dismiss the appeal on
the basis of equitable mootness.

Voya argues that the Bankruptcy Court erred in concluding that it
had constitutional authority to release and enjoin Voya's claims as
part of the Plan, notwithstanding that plan confirmation is a
constitutionally core proceeding. To Voya, the fact that the
Bankruptcy Court entered a final judgment disposing of Voya's
claims in the context of an order confirming a reorganization does
not insulate that judgment from analysis under Stern'sArticle III
test. According to Voya, Stern holds that Article III authorizes
bankruptcy courts to adjudicate and enter final judgment on claims
that (1) "stem[] from the bankruptcy itself" or (ii) "would
necessarily be resolved in the claims allowance process" -- a
standard that the RICO/fraud claims do not meet. According to Voya,
regardless of whether the Bankruptcy Court had constitutional
authority to enter final judgment on the issue of plan
confirmation, it had no authority under Article III to enter a
final judgment on Voya's claims through approval of the releases:
"Voya's claims are the `action' the Bankruptcy Court needed
constitutional authority to adjudicate, which it did not
have."Thus, according to Voya, the relevant inquiry is not whether
plan confirmation is core, but whether the other proceedings --
that is, the RICO/fraud claims -- affected by plan confirmation are
core.

Conversely, Debtors argue that the only relevant proceeding before
the Bankruptcy Court was plan confirmation, not each and every
proceeding that may be affected by plan confirmation. Debtors argue
Stern did not address any other types of proceedings listed in
section 157(b)(2) and did not address whether a bankruptcy court's
ability to "hear and determine" a constitutionally core proceeding
is limited by the effects the court's order might have on related
non-core proceedings. According to Debtors, all that Stern
concluded was "that Congress, in one isolated respect, exceeded"
Article III's limitations by giving bankruptcy courts "authority to
enter a final judgment on a state law counterclaim that is not
resolved in the process of ruling on a creditor's proof of claim."


As the Bankruptcy Court points out, even if it were ever
appropriate to import Stern's Disjunctive Test into a context other
than a state law cause of action filed by a debtor or trustee, Voya
does not point to anything in Stern, or cases interpreting Stern,
suggesting that the pertinent action is something other than the
operative proceeding before the bankruptcy judge -- which, here, is
plan confirmation. The Court agrees with Judge Silverstein's
conclusion that "Stern did not address, either expressly or by
implication, any context other than counterclaims," nor did it
"announce a broad holding addressing every facet of the bankruptcy
process."

Judge Silverstein reasoned in the alternative that even if the
Bankruptcy Court were required to import Stern's Disjunctive Test
into another context, here the "action" at issue -- the plan
confirmation proceeding -- would satisfy the factors. Even under
Voya's interpretation, "on the facts of this case I would determine
that the RICO Lawsuit was `necessarily [] resolved in the claims
allowance process' and that "the Plan (and/or releases) 'stem[med]
from the bankruptcy itself.' Voya argues these conclusions were
erroneous. To Voya, "[t]he only connection between the Releases and
the allowance of certain claims against the estate is that they are
both contained in the same Plan -- because that is what the Debtors
and other parties wanted (over Voya's objection)." Voya also
disputes the Bankruptcy Court's conclusion that "the releases were
integral to confirmation and thus integral to the restructuring of
the debtor-creditor relationship." In Voya's view, while
"satisfying that standard might be sufficient to provide 'related
to' jurisdiction, it does not provide constitutional authority."
According to Voya, nothing in Langenkamp, Katchen, Stern or any
other Supreme Court opinion suggests that actions are "integral to
the restructuring of the debtor-creditor relationship" where the
actions would not necessarily be resolved as part of the claims
allowance process.

The Court concludes that the Bankruptcy Court was correct in
holding that plan confirmation is the operative proceeding, and in
holding that Stern did not require application of the Disjunctive
Test in the context of plan confirmation.

A full-text copy of the Court's Opinion dated Sept. 21, 2018 is
available at https://bit.ly/2IEtj75 from Leagle.com.

Millennium Lab Holdings II, LLC, et al., Debtor, represented by
Ryan M. Bartley -- rbartley@ycst.com -- Young, Conaway, Stargatt &
Taylor LLP, Gregory W. Fox , pro hac vice, Michael H. Goldstein ,
Goodwin Procter LLP, pro hac vice & William P. Weintraub , Goodwin
Procter LLP, pro hac vice.

The Opt-Out Lenders, Appellant, represented by Christopher M. Samis
-- csamis@wtplaw.com -- Whiteford, Taylor & Preston, L.L.C. &
Leslie Katherine Good -- lgood@wtplaw.com -- Whiteford, Taylor &
Preston, L.L.C.

Millennium Lab Holdings II, LLC, Appellee, represented by Pauline
K. Morgan -- pmorgant@ycst.com -- Young, Conaway, Stargatt & Taylor
LLP, Amy C. Quartarolo , Latham & Watkins LLP, pro hac vice, John
T. Dorsey -- jdorsey@ycst.com -- Young, Conaway, Stargatt & Taylor
LLP, Michael J. Reiss , Latham & Watkins LLP, pro hac vice, Ryan M.
Bartley , Young, Conaway, Stargatt & Taylor LLP & Wayne S. Flick ,
Latham & Watkins LLP, pro hac vice.

James Slattery, Appellee, represented by AnnElyse S. Gibbons ,
Kirkland & Ellis LLP, pro hac vice, Domenic E. Pacitti , Klehr,
Harrison, Harvey, Branzburg & Ellers, Edmund G. LaCour , Kirkland &
Ellis LLP, pro hac vice, Jason M. Wilcox , Kirkland & Ellis LLP,
pro hac vice, John C. O'Quinn , Kirkland & Ellis LLP, pro hac vice
& Joshua A. Sussberg , Kirkland & Ellis LLP, pro hac vice.

TA Millennium Inc., Appellee, represented by Derek C. Abbott ,
Morris, Nichols, Arsht & Tunnell LLP.

                    About Millennium Lab

Millennium Lab Holdings II, LLC, Millennium Health, LLC, and
Rxante, LLC, providers of laboratory-based diagnostic testing
focused on drugs of abuse and clinical medication monitoring, filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12284,
15-12285 and 15-12286, respectively) on Nov. 10, 2015.  The Debtors
estimated assets in the range of $100 million to $500 million and
liabilities of more than $1 billion.

Judge Laurie Selber Silverstein has been assigned the cases.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as conflicts
counsel; Lazard Freres & Co., LLC, as investment banker; Alvarez &
Marsal as financial advisor; and Prime Clerk LLC as claims and
noticing agent.


MONSTER CONCRETE: Sister Company to Pay EFS $779 Monthly at 5.25%
-----------------------------------------------------------------
Monster Concrete, LLC, submits a second amended disclosure
statement in connection with its Chapter 11 second amended plan of
reorganization dated Sept. 28, 2018.

The second amended plan provides additional information on the
treatment of North Mill Credit Trust f/k/a EFS Credit Trust secured
claim. The Claim of EFS is secured by a lien on a 2017 Rampant Low
Boy 35-ton trailer, which is owned by the Debtor but used by
Monster Concrete and Excavation in its operations. The Debtor
proposes that this claim be paid by Monster Concrete and
Excavation, pursuant to its plan, in monthly payments of $779.71
per month for 60 months with interest at 5.25%, per annum until the
debt is paid in full. EFS will retain its lien on this collateral
until the debt is paid in full.

A copy of the Second Amended Disclosure Statement is available for
free at:

      http://bankrupt.com/misc/alnb18-80280-11-43.pdf
   
                    About Monster Concrete

Based in Huntsville, Alabama, Monster Concrete and Excavation,
Inc., and Monster Concrete, LLC, are involved in the concrete
business and are owned by Steve Williams.

Monster Concrete and Excavation, Inc., and Monster Concrete, LLC,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Ala. Case No. 18-80279 and 18-80280) on Feb. 1, 2018.  Judge
Clifton R. Jessup, Jr., presides over the cases.  Heard, Ary &
Dauro, LLC, is the Debtors' legal counsel.

No trustee, examiner or official committee has been appointed in
the Debtors' cases.


MRPC CHRISTIANA: Hires McManimon, Scotland & Baumann as Attorney
----------------------------------------------------------------
MRPC Christiana LLC seeks authority from the U.S. Bankruptcy Court
for the District of New Jersey to hire McManimon, Scotland and
Baumann, LLC, as attorney.

Professional services to be rendered by MS&B are:

     a. advise the Debtor with respect to the power, duties and
responsibilities in the continued management of the financial
affairs as a debtor, including the rights and remedies of the
debtor-in-possession with respect to its assets and with respect to
the claims of creditors;

     b. advise the Debtor with respect to preparing and obtaining
approval of a Disclosure Statement and Plan of Reorganization;

     c. prepare on behalf of the Debtor, as necessary,
applications, motions, complaints, answers, orders, reports and
other pleadings and documents;

     d. appear before this Court and other officials and tribunals,
if necessary, and protect the interests of the Debtor in federal,
state and foreign jurisdictions and administrative proceedings;

     e. negotiate and prepare documents relating to the use,
reorganization and disposition of assets, as requested by the
Debtor;

     f. negotiate and formulate a Disclosure Statement and Plan of
Reorganization;

     g. advise the Debtor concerning the administration of its
estate as a debtor-in-possession; and

     h. perform such other legal services for the Debtor, as may be
necessary and appropriate.

MS&B's standard hourly rates:

     Richard D. Trenk (Director)        $625
     Robert S. Roglieri (Associate)     $295

     Partners                        $325 to $625
     Associates                      $255 to $295
     Law Clerks                         $195
     Paralegal                       $145 to $215

Matthew D Jessup, member of McManimon, Scotland and Baumann,
attests that he and his firm do not represent an adverse interest
to the estate, and are disinterested under 11 U.S.C. Sec. 101(14).

The counsel can be reached through:

     Matthew D Jessup, Esq.
     McManimon, Scotland & Baumann, LLC
     75 Livingston Avenue
     Roseland, NJ 07068
     Tel: (973) 622-1800
     Fax: (973) 622-7333

                     About MRPC Christiana

Based in Elizabeth, New Jersey, MRPC Christiana, LLC, filed for
relief under chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case
No. 18-26567) on Aug. 17, 2018.  At the time of filing, the Debtor
estimated $10,000,001 to $50 million in both assets and
liabilities.  Trenk DiPasquale Della Fera & Sodono, P.C., led by
Richard D. Trenk, represents the Debtor.    


NORTH AMERICAN CONSTRUCTION: S&P Affirms 'B' ICR, Outlook Positive
------------------------------------------------------------------
S&P Global Ratings said it revised its outlook on Edmonton,
Alta.-based North American Construction Group Ltd. (NACG) to
positive from stable. At the same time, S&P Global Ratings affirmed
its 'B' long-term issuer credit rating (ICR) on the company.

The outlook revision reflects S&P views that the acquisition of
Nuna Logistics Ltd. and operating assets from Aecon Group Inc.
could result in an upgrade if NACG integrates the assets
successfully. The additional revenue and EBITDA generation, coupled
with NACG's existing contracts, could result in stronger operating
cash flow margins that would ultimately support an enhanced
financial risk profile and higher rating.

On Oct. 3, NACG announced that it will acquire a fleet of equipment
from Aecon Group Inc. for C$199 million, funded through an upsized
and extended credit facility with NACG's existing lenders. These
assets are similar to NACG's existing fleet and are providing
similar services such as overburden work in Canada, generating
annual revenue of about C$220 million. Moreover, on Sept. 20, NACG
announced that it will acquire a 49% ownership stake in Nuna
Logistics for C$42.5 million cash, financed with the company's
existing credit facility. Nuna Logistics provides NACG with
exposure to northern Canada and the metals and mining industry
through a fleet of construction equipment and vehicles.

S&P said, "The positive outlook reflects our view that we could
raise the rating if NACG integrates the acquired assets
successfully, resulting in stronger operating cash flow and
margins. Achieving the operating cash flow and ratios we are
estimating for 2019 and 2020 would sufficiently strengthen NACG's
financial risk profile to support a 'B+' rating.

"We could raise the ICR to 'B+' if NACG's reports at least two full
quarters of performance for the combined entity in line with our
base-case scenario, because this would support a positive
reassessment of the company's financial risk profile.

"We would revise the outlook to stable if the company fails to
achieve cash flow generation and margins in line with our base-case
scenario."



OCEAN SERVICES: Seeks Authority to Use Cash Collateral, Incur Debt
------------------------------------------------------------------
Ocean Services, LLC, and certain subsidiaries request the U.S.
Bankruptcy Court for the Western District of Washington to
authorize the use of cash collateral in which the Senior Secured
Lenders assert a security interest and approve the DIP Loan from
their Principals.

Debtor Stabbert Maritime is the borrower on the reducing revolving
line of credit facility in place with the Senior Secured Lenders,
with a balance of $41,775,931 as of the Petition Date. The terms of
the Revolving LOC Facility are set forth in various loan documents
between Debtor Stabbert Maritime as borrower and the Senior Secured
Lenders as Lenders, and as to which Columbia Bank serves as
Administrative Agent and Collateral Agent for the Senior Secured
Lenders. Stabbert Maritime is the sole borrower under the
Prepetition Credit Agreement, and the remaining Debtors are
Guarantors.

The Prepetition Credit Agreement is secured by preferred ship
mortgages against all of the Vessels. The current fair market value
of the Vessels exceeds $102,000,000, and the Orderly Liquidation
Value of the Vessels exceeds $65,000,000.

In addition, the Senior Secured Lenders assert, and the Debtors do
not dispute, that the Revolving LOC Facility is secured by blanket
security interests on all or substantially all of the other assets
of the Debtors, in addition to the Vessels.

The Debtors require, and the Senior Secured Lenders have consented
to, the immediate use of the cash proceeds of the Prepetition
Credit Agreement Collateral in order to continue uninterrupted
operations for the benefit of their creditors and their estates,
thereby avoiding immediate and irreparable harm to their business.
The Debtors are unable to obtain unsecured credit to fund their
continued operations and they now seek to use Cash Collateral in
accordance with the budget.

The Debtors propose to provide adequate protection of the interests
of the Senior Secured Lenders, by granting the Senior Secured
Lenders liens in (a) assets of the same kind, type, and nature as
the Prepetition Credit Agreement Collateral in which the Senior
Secured Lenders held liens as of the Petition Date and which are
acquired after the Petition Date; and (b) all proceeds of the
Postpetition Collateral, to secure the amount of any diminution in
the Senior Secured Lenders' interests in the subject Prepetition
Collateral as a result of the Debtors' use of Cash Collateral. To
the extent of any diminution in value ultimately due to Cash
Collateral use not otherwise protected by the replacement lien, the
Senior Secured Lenders will retain their rights under section
507(b) of the Bankruptcy Code.

The Debtors will pay to the Senior Secured Lenders interest at the
non-default rate designated in the applicable Prepetition Credit
Agreement Documents on the interest payment dates set forth in the
Prepetition Credit Agreement Loan Documents. The Debtors will also
set aside $10,000 per month during the Bankruptcy Case for the
purpose of paying the Senior Secured Lenders' financial and legal
advisory fees and expenses, and will use these funds, to the extent
available, to pay those fees during the case.

The Debtors will provide the Senior Secured Lenders with financial
and other reporting in compliance with the Proposed Order and the
requirements of the Bankruptcy Code and Rules. The Debtors will
also continue to maintain insurance on their assets as the same
existed as of the Petition Date.

The Budget provides for a fund ("Professional Fund") to pay the
post-petition, allowed fees/costs of all professionals retained in
this Chapter 11 case, whether by the Debtors or an unsecured
creditors committee, assuming that one will be formed. The purpose
of the Professional Fund is to assure that all estate professionals
are treated identically. All amounts provided for in the Budget for
the Professional Fund will be in addition to any prepetition
retainers paid by the Debtors to their professionals, and will be
deposited into an interest bearing trust account maintained by Bush
Kornfeld, LLP, the Debtors' general bankruptcy counsel, for pro
rata payment of allowed fees and costs to the Debtors' and the
Committee's professionals, including any amounts payable pursuant
to any other order entered by the Court authorizing interim
periodic payment of professional fees, subject to final allowance
of such fees and costs.

In addition to the use of Cash Collateral, the Debtors may need to
borrow funds on a postpetition basis in order to meet the projected
expenditures as set forth in the Budget. Prior to the Petition
Date, the Debtors successfully negotiated postpetition financing.
The Stabbert Group's principal and founder, Daniel W. Stabbert, and
his wife Cheryl Stabbert agreed to make and provide the DIP Loan
upon the terms and conditions set forth in the DIP Agreement and
the DIP Escrow Instructions. Following is a summary of the material
terms:

     A. Loan Amount: $1,350,000.

     B. Conditions to Borrowing: The DIP Loan is fully committed
and available to the Debtors on an "as needed" basis.

     C. Maturity Date: Earlier of: a) the effective date of
Debtors' Chapter 11 Plan; b) sale of all or substantially all of
the Borrower’s assets; c) appointment of a Trustee in these
Bankruptcy Cases; or d) conversion of this Bankruptcy Case to a
case under Chapter 7.

     D. Interest Rate: Prime plus 3.25% paid monthly in arrears

     E. Collateral: Subordinated preferred ship mortgages against
the Vessels, junior to the Liens of the Senior Secured Lenders and
to any valid, pre-existing liens against the Vessels as of the
Petition Date.

     F. Subordinate to Senior Secured Lenders: The DIP Loan will be
subordinate to the Prepetition Credit Agreement obligations owed to
the Senior Secured Lenders and will be subject to the Intercreditor
and Subordination Agreement, by the DIP Lender and the Agent, on
behalf of the Senior Secured Lenders.

     G. Revolving: Revolving line of credit

     H. Priority: Claim under Section 507(b) of the Bankruptcy
Code

     I. Prepayment: No penalty

     J. Escrow: DIP Loan funds have been deposited into an escrow
account maintained by Wanda Reif Nuxoll, P.S. ("DIP Escrow"). The
Debtors will have the right to receive draws and make payments from
the DIP Escrow.

In addition to providing the DIP Loan, Daniel Stabbert has agreed
to continue to allow the Debtors to utilize an American Express
("AMEX") card maintained in his name to address two specific
operational/financial issues. This is effectively in the form of an
expense advance and reimbursement. Specifically, the use of this
AMEX card allows the Debtors to book crew travel, which requires a
credit card, and to address vessel vendors who insist on immediate
payment when a credit card is the most efficient mechanism. The
Debtors' monthly expenses on this AMEX card typically run
$50,000-$150,000. The Debtors propose that they be authorized to
use this method of advancing expenses with payment of the expenses
directly to AMEX each month.

A full-text copy of the Debtors' Motion is available at

         http://bankrupt.com/misc/wawb18-13512-11.pdf

                     About Ocean Services

Based in Seattle, Washington, Ocean Services and its subsidiaries
-- https://www.stabbertmaritime.com/ -- are a marine operations
group with over three decades of experience working with offshore
petrochemical companies, the US Government, fisheries, and
submarine telecommunications cable survey and installations
operators in the waters off the US East Coast, South America, Gulf
of Mexico and the Caribbean, the Aleutians, Arctic and Antarctic,
the Bering Sea and across the Pacific Ocean.  The Stabbert Maritime
group of companies offers a comprehensive package of services to
the subsea construction and offshore science sector as well as
shipyard and mobile vessel repair.  Ocean Services provides support
vessels to science and survey sectors for clients including NOAA,
US Navy, Johns Hopkins University, FUGRO, CP+ and Shell, providing
fisheries research, geotechnical/physical, oceanographic, survey
and testing services.  Stabbert Maritime, through subsidiary Ocean
Sub Sea Services (OS/3), provides dive and construction support
vessels to oil and gas clients in Gulf of Mexico, Mexico, Brazil,
California, and the Arctic.

Seven of the Stabbert Maritime Group companies filed Chapter 11
cases (Bankr. W.D. Wash. Lead Case No. 18-13512) on Sept. 7, 2018,
and those cases have been administratively consolidated.  The cases
are assigned to Hon. Timothy W. Dore. The petitions were signed by
Lindsay A. Sckorohod, manager Thetis, LLC, manager Stabbert Mar.
Hdgs. LLC, sole member.

Bush Kornfeld LLP, serves as the Debtors' counsel.

At the time of filing, the Debtors disclosed assets and liabilities
as follows:

                                        Total        Total
                                       Assets     Liabilities     

                     
                                    ----------   -----------
Ocean Services, LLC                 $2,037,223   $45,753,398
Ocean Carrier Holding, LLC              $1,259   $44,836,444
Ocean Carrier Holding S. de R.L.   $16,492,038   $41,790,361

Affiliated companies that have filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                     Case No.
     ------                                     --------
     Ocean Services, LLC (Lead Case)            18-13512
     Ocean Carrier Holding, LLC                 18-13513
     Ocean Carrier Holding S. de R.L. de C.V.   18-13514
     Ocean Constructor Holding, LLC             18-13515
     Ocean Intrepid Holding, LLC                18-13516
     Ocean Starr Holding, LLC                   18-13517
     Stabbert Maritime Holdings, LLC            18-13518


OLLIE WILLIAM FAISON: Allowed to Close Sale of Wake County Property
-------------------------------------------------------------------
Bankruptcy Judge David M. Warren denied the Bankruptcy
Administrator's request to avoid the public auction sale of the
Wake County Property. Debtor Ollie William Faison and Marlowe &
Moye may proceed with closing the sale of the Wake County Property
pursuant to the Order Granting Motion to Authorize Public Sale
entered by the Court on July 12, 2018.

On June 25, 2018, upon motion of the Debtor, the court entered an
Order Authorizing Debtor to Employ Iron Horse Auction Co., Inc.
which allowed the Debtor to employ Iron Horse Auction Company, Inc.
to market and sell the Wake County Property at public sale, with
Iron Horse being allowed a 6% commission plus an advanced payment
of $3,800 for the costs of advertising the sale. Upon additional
motion of the Debtor, on July 12, 2018, the court entered an Order
Granting Motion to Authorize Public Sale ("Sale Order") which
authorized Iron Horse to auction the Wake County Property pursuant
to section 363. The Sale Order states that Wake County Property
would be offered as a single parcel and alternatively in three or
four separate tracts, with Iron Horse selling in the configuration
that would generate the highest gross sale price.

Iron Horse conducted a public auction on August 15, 2018, and
Marlowe & Moye was the highest bidder for the Wake County Property
as a single parcel for $577,000.00. This amount is significantly
higher than the aggregate amount of $139,000 for the highest bids
for the Wake County Property as separate parcels. Timothy A.
Griffin was the second highest bidder for the Wake County Property
as a single parcel for $571,000. In the Report, the Debtor
discloses that his counsel was informed by Iron Horse that Marlowe
& Moye may have colluded with or attempted to collude with Mr.
Griffin and may have paid or attempted to pay money to Mr. Griffin
to cease competitive bidding.

Neither the Debtor nor the BA issued subpoenas for Mr. Griffin, Mr.
Marlowe, and Mr. Moye to appear and testify at the Sept. 4, 2018
hearing. Having them examined by the parties would have been the
best method to determine if any bid collusion had occurred. Even an
investigation through a non-judicial inquiry would have been
helpful. Instead, Iron Horse's assumptions of collusion and
impropriety were pure conjecture and speculation. The BA urged the
court to deny confirmation of the public sale pursuant to section
363(n) which allows avoidance of a sale under section 363 if the
sale price was controlled by an agreement among potential bidders
at such sale. If that is the BA's position, then she should have
provided evidence.

At the conclusion of the hearing, the court announced that it could
not find bid collusion based upon the speculative evidence
presented, especially given the amount of the purchase price. The
court opined further that the way Iron Horse conducted the auction
contributed to an environment for bid collusion.

The parties, including Iron Horse and the Debtor, in particular,
believe that Marlowe & Moye's high bid of $577,000 is a fair price
for the Wake County Property. The Debtor would be the most vocal
critic if he believed collusion existed to depress the sale price.
Not only does the Debtor not object, he supports the sale and wants
it to close as soon as possible. Marlowe & Moye is ready, willing
and able to close its purchase of the Wake County Property, and
that closing should occur.

The bankruptcy case is in re: OLLIE WILLIAM FAISON, Chapter 11,
Debtor, Case No. 14-00073-5-SWH (E.D.N.C.).

A copy of the Court's Order dated Sept. 21, 2018 is available at
https://bit.ly/2BZcum6 from Leagle.com.

Ollie William Faison, Debtor, represented by John A. Northen --
jan@nbfirm.com -- Northen Blue, LLP & Vicki L. Parrott --
vlp@nbfirm.com --  Northen Blue, LLP.


P & B ENTERPRISES: Case Summary & 2 Unsecured Creditors
-------------------------------------------------------
Debtor: P & B Enterprises, LLC
        PO Box 390336
        Denver, CO 80239

Business Description: P & B Enterprises, LLC owns Bolder
                      Enterprises, LLC, a merchant wholesaler of
                      groceries and related products.

Chapter 11 Petition Date: October 9, 2018

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Case No.: 18-18798

Judge: Hon. Thomas B. McNamara

Debtor's Counsel: Jeffrey Weinman, Esq.
                  WEINMAN & ASSOCIATES, P.C.
                  730 17th St., Ste. 240
                  Denver, CO 80202
                  Tel: 303-572-1010
                  Email: jweinman@epitrustee.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Chad L. Anderson, manager.

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

     http://bankrupt.com/misc/cob18-18798_creditors.pdf

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

          http://bankrupt.com/misc/cob18-18798.pdf


PACIFIC DRILLING: UST Disbands Panel on Members' Resignation
------------------------------------------------------------
BankruptcyData.com reported that Pacific Drilling notified the
Court of the disbandment of its Official Committee of Unsecured
Creditors. The notice states, "On August 23, 2018, William K.
Harrington, the United States Trustee, pursuant to 11 U.S.C.
section 1102, appointed a three-member, official committee of
unsecured creditors (the "Committee") in the captioned cases. Two
committee members subsequently have resigned and, therefore, the
U.S. Trustee, pursuant to 28 U.S.C. section 586(3), hereby disbands
the Committee effective the date hereof."

                      About Pacific Drilling

Pacific Drilling S.A. (OTC: PACDQ) a Luxembourg public limited
liability company (societe anonyme), operates an international
offshore drilling business that specializes in ultra-deepwater and
complex well construction services.  Pacific Drilling --
http://www.pacificdrilling.com/-- owns seven high-specification
floating rigs: the Pacific Bora, the Pacific Mistral, the Pacific
Scirocco, the Pacific Santa Ana, the Pacific Khamsin, the Pacific
Sharav and the Pacific Meltem.  All drillships are of the latest
generations, delivered between 2010 and 2014, with a combined
historical acquisition cost exceeding $5.0 billion.  The average
useful life of a drillship exceeds 25 years.

On Nov. 12, 2017, Pacific Drilling S.A. and 21 affiliates each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
17-13193).  The cases are pending before the Honorable Michael E.
Wiles and are jointly administered.

Pacific Drilling disclosed $5.46 billion in assets and $3.18
billion in liabilities as of Sept. 30, 2017.

The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel
but was later replaced by Togut, Segal & Segal LLP; Evercore
Partners International LLP as investment banker; AlixPartners, LLP,
as restructuring advisor; Alvarez & Marsal Taxand, LLC as executive
compensation and benefits consultant; Ince & Co LLP and Jones
Walker LLP as special counsel; and Prime Clerk LLC as claims and
noticing agent.

The RCF Agent tapped Shearman & Sterling LLP, as counsel, and PJT
Partners LP, as financial advisor.

The ad hoc group of RCF Lenders engaged White & Case LLP, as
counsel.

The SSCF Agent tapped Milbank Tweed, Hadley & McCloy LLP, as
counsel, and Moelis & Company LLC, as financial advisor.

The Ad Hoc Group of Various Holders of the Ship Group C Debt, 2020
Notes and Term Loan B tapped Paul, Weiss, Rifkind, Wharton &
Garrison, in New York as counsel.

William K. Harrington, U.S. Trustee for Region 2, on Aug. 23, 2018,
appointed three creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Pacific Drilling S.A.


PEABODY ENERGY: Ct. Tossed CA Entities' Bid for Stay Pending Appeal
-------------------------------------------------------------------
District Judge Rodney W. Sippel denied the Appellants' motion for a
stay pending appeal in the case captioned COUNTY OF SAN MATEO, CITY
OF IMPERIAL BEACH, COUNTY OF MARIN, Appellants, v. PEABODY ENERGY
CORP., Appellee, Case No. 4:17 CV 2886 RWS (E.D. Mo.)

Appellants County of San Mateo, City of Imperial Beach, and County
of Marin are three governmental entities in California. None of the
Appellants filed a claim in PEC's bankruptcy proceeding. Instead,
on June 17, 2018, three months after Peabody Energy Corp's plan was
confirmed, the Appellants each filed a separate, nearly identical,
lawsuit in three separate California state courts. The lawsuits
sought damages and injunctive relief from multiple fossil fuel
industry defendants for their role in contributing to global
warming. PEC is a named defendant in these three lawsuits. The
complaints allege that the defendants are responsible for
greenhouse gas emissions between 1965 and 2015.

On July 16, 2017, Reorganized PEC filed a motion in the bankruptcy
court seeking an order enforcing the discharge and injunction
provisions of its Chapter 11 Plan. Specifically, PEC asked the
bankruptcy court to enjoin Appellants from prosecuting their causes
of action against PEC and require Appellants to dismiss those
actions with prejudice. The bankruptcy court found Appellants'
claims against PEC had been discharged in bankruptcy. The
bankruptcy court granted Reorganized PEC's motion, enjoined
Appellants from prosecuting the PEC causes of action, and directed
Appellants to dismiss the PEC causes of action with prejudice.
Appellants filed a motion in the bankruptcy court to stay its order
pending appeal. The bankruptcy court denied the motion to stay on
Dec. 5, 2017.

Appellants appealed the bankruptcy judge's decision to this Court.
Appellants filed a motion to stay the bankruptcy court's order
pending the resolution of this appeal.

The Court finds that Appellants have not established that they are
likely to succeed on the merits of their claim. Nor will Appellants
suffer irreparable injury unless the stay is granted. If the
bankruptcy court's decision is reversed on appeal, Appellants may
file for relief in their California lawsuit under Federal Rule of
Civil Procedure 60(b).

A copy of the Court's Memorandum and Order dated Sept. 20, 2018 is
available at https://bit.ly/2yj50qD from Leagle.com.

Peabody Energy Corp., debtor, represented by Heather Lennox --
hlennox@jonesday.com -- JONES DAY, pro hac vice.

County of San Mateo, California, City of Imperial Beach, California
& County of Marin, California, Appellants, represented by Matthew
E. McClintock , GOLDSTEIN AND MCCLINTOCK LLP, pro hac vice.

Peabody Energy Corp., Appellee, represented by Steven N. Cousins ,
ARMSTRONG TEASDALE LLP, Heather Lennox , JONES DAY, pro hac vice
&Matthew Curtis Corcoran , JONES DAY, pro hac vice.

             About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation --
http://www.PeabodyEnergy.com/-- claims to be the world's largest
private-sector coal company. As of Dec. 31, 2014, the Company owned
interests in 26 active coal mining operations located in the U.S.
and Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code. The 154 cases are jointly administered
before the Honorable Judge Barry S. Schermer under (Bankr. E.D. Mo.
Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors. The Committee retained Morrison &
Foerster LLP as counsel, Spencer Fane LLP as local counsel, Curtis,
Mallet-Prevost, Colt & Mosle LLP as conflicts counsel, Blackacre
LLC as its independent expert, and Berkeley Research Group, LLC, as
financial advisor.

On March 17, 2017, the U.S. Bankruptcy Court for the Eastern
District of Missouri, Eastern Division, entered an order confirming
the Second Amended Joint Plan of Reorganization of Peabody Energy
Corporation, et al., as Revised March 15, 2017.  At 4:01 p.m.
(Eastern Time), on April 3, 2017, the Effective Date of the Plan
occurred.


PEDRO'S OF MADISON: Hires Krekeler Strother as Legal Counsel
------------------------------------------------------------
Pedro's of Madison, Inc., seeks approval from the United States
Bankruptcy Court for the Western District of Wisconsin (Madison) to
employ Krekeler Strother, S.C., as bankruptcy counsel.

Krekeler Strother is required by the Debtor to:

     a. consult with the Debtor's professionals or representatives
concerning the administration of the Case;

     b. prepare and review pleadings, motions and correspondence
regarding the Case;

     c. appear at and be involve in proceedings before the Court;

     d. provide legal counsel to the Debtor in its investigation of
the acts, conduct, assets, liabilities, and financial condition of
the Debtor, the operation of the Debtor's business, and any other
matters relevant to the Case;

     e. analyze the Debtor's proposed use of cash collateral and
debtor-in-possession financing;

     f. advise the Debtor of its rights, powers and duties as
debtor and debtor-in-possession;

     e. advise the Debtor concerning, and assist in the negotiation
and documentation, as applicable, of financing agreements, debt
restructurings, cash collateral arrangements, debtor in possession
financing and related transactions;

     f. review the nature and validity of liens asserted against
the property of the Debtor and advise the Debtor concerning the
enforceability of such liens;

     g. advise and assist the Debtor concerning the actions that
might take to collect and recover property for the benefit of the
Debtor's estate;

     h. prepare on behalf of the Debtor all necessary and
appropriate applications, motions, pleadings, draft orders,
notices, schedules and other documents, and review all financial
and other reports to be filed in the Case;

     i. advise the Debtor concerning, and prepare responses to,
applications, motions, pleadings, notices, and other papers that
may be filed and served in the Case;

     j. counsel the Debtor in connection with any sales outside of
the ordinary course of the Debtor's business under Sec. 363 of the
Bankruptcy Code; and

     k. perform all other legal services for and on behalf of the
Debtor that may be necessary or appropriate in the administration
of the Case and the reorganization of the Debtor's business.

The hourly rates charged by the firm are:

        J. David Krekeler    $384
        Eliza Reyes          $250
        Cheryl Watson        $115

Eliza M. Reyes, Esq., an associate of Krekeler Strother, disclosed
in a court filing that the firm is disinterested" as defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Eliza M. Reyes, Esq.
     Krekeler Strother, S.C.
     2901 West Beltline Highway, Suite 301
     Madison, WI 53713
     Tel: (608) 258-8555
     Fax: (608) 258-8299
     E-mail: ereyes@ks-lawfirm.com

                   About Pedro's of Madison

Pedro's of Madison, Inc., is a privately held company in Madison,
Wisconsin, that operates restaurants.  It is a family-friendly
restaurant serving Mexican fare & margaritas in a fiesta-themed
setting.

Pedro's of Madison sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Wis. Case No. 18-13142) on Sept. 14,
2018.  In the petition signed by James C. Martine, president/sole
shareholder, the Debtor estimated $50,000 to $100,000 in assets and
$1 million to $10 million in liabilities.  Judge Catherine J. Furay
presides over the case.  Eliza M. Reyes, Esq. at Krekeler Strother,
S.C. is the Debtor's counsel.



PRESSURE CONTROL: Seeks Access to Home Bank Cash Collateral
-----------------------------------------------------------
Pressure Control Specialties, LLC, requests the U.S. Bankruptcy
Court for the Western District of Louisiana for authority to use
cash collateral, as will be necessary to prevent irreparable harm
and appropriate to conduct business operations and payment of
administrative costs.

The Debtor seeks authority to use the proceeds of the expected
income and asset values sufficient to permit the Debtor to operate
without jeopardizing the claim or position of Home Bank. The Debtor
requires use of the funds to pay usual and customary operating
expenses such as utility bills, maintenance expenses, payroll,
costs of this chapter 11 case and other expenses related to its
operations.

Home Bank holds a security interest in the prepetition accounts,
revenue generated by the Debtor's operations (accounts receivable),
inventory, equipment, and general intangibles. Home Bank also holds
a security interest in the real estate located in Pleasanton,
Texas.

Home Bank's claim is approximately $1.1 million. In addition to its
claim being secured by a security interest in the Debtor's income
stream, Home Bank holds a first mortgage on immovable property
located in Pleasanton, Texas and also a security interest in
equipment which is located on the immovable property. The Debtor
asserts that the movable property alone has an estimated total fair
market value is to be $1,323,098, the total orderly liquidation
value is estimated to be $1,300,000, and the total forced
liquidation value is estimated to be $500,000.

Because Home Bank holds an interest the Debtor's income by virtue
of its loan documents and the large equity cushion, the Debtor
contends that it is not necessary to grant Home Bank an additional
secured position. However, the Debtor suggests that it is willing
to afford adequate protection for its use of Cash Collateral by
giving Home Bank a security interest in post-petition receivables,
but only to the extent and in the event that it would be ultimately
determined that:

      (i) Home Bank possesses a valid, non-avoidable pre-petition
security interest,

     (ii) Home Bank is entitled to adequate protection of any such
interest, and

    (iii) the equity in the immovable and movable property which
serves as Home Bank's collateral is less than $200,000 more than
the outstanding balance due Home Bank.

The Debtor proposes to grant Home Bank replacement security
interests in and liens on all its post-petition assets and its
estate on which Home Bank holds valid and perfected liens as of the
Petition Date and all proceeds, rents and products of all of the
foregoing and all distributions thereon, with the same respective
priority they held prior to the Petition Date, and subject only to
valid, perfected, enforceable and non-avoidable liens and security
interests granted by law or by the Debtor to any person or entity
that were superior in priority to the prepetition security
interests and liens held by Home Bank.

Further, the Debtor has agreed to afford additional adequate
protection to Home Bank in the form of monthly payments which
amount will be determined at a later date.

A full-text copy of the Debtor's Motion is available at

           http://bankrupt.com/misc/lawb18-51134-19.pdf

               About Pressure Control Specialties

Pressure Control Specialties, LLC, is a privately held company in
Pleasanton, Texas that provides equipment rental services.
Pressure Control filed a Chapter 11 petition (Bankr. W.D. La. Case
No. 18-51134) on Sept. 10, 2018.  The petition was signed by
Kenneth W. Crouch, Sr., manager/member.  The case is assigned to
Judge John W. Kolwe.  The Debtor is represented by William C.
Vidrine, Esq. at Vidrine & Vidrine, PLLC.  At the time of filing,
the Debtor had $1,323,098 in total assets and $2,120,557 in total
liabilities.


PRINCETON ALTERNATIVE: Ranger Seeks Case Conversion to Chapter 7
----------------------------------------------------------------
BankruptcyData.com reported that Ranger Specialty Income Fund, LP
("Ranger Domestic"), Ranger Direct Lending Fund Trust ("Ranger
Offshore") and Ranger Alternative Management II, LP (collectively,
"Ranger"), requested that the Court convert the Princeton
Alternative Income Fund ("PAIF") case from a Chapter 11
reorganization to Chapter 7 liquidation and submitted a memorandum
of law in support of that motion.

According to BankruptcyData, the conversion motion explains, "The
Debtors have acknowledged that there will not be and cannot be any
reorganization in the Bankruptcy Cases. The investment portfolio of
PAIF, which consists of twelve credit lines, eight of which are in
default and/or in bankruptcy and have been taken over by Debtors or
an affiliated entity in wind-down mode, is in a state of
liquidation. The funds which constitute this portfolio are
comprised of investment dollars which PAIF obtained from investors,
approximately 85% of which came from Ranger. The Debtors have also
acknowledged that there are sufficient assets in the estate to pay
all non-investor creditors in full. Thus, the investors are the
only real economic parties in interest in the Bankruptcy Cases,
since the assets in the estate may or may not be sufficient to pay
them in full. After a brief extension of plan exclusivity by the
Court at the request of the Debtors, the Court terminated plan
exclusivity on August 13, 2018.  The Debtors have not filed a
chapter 11 plan as of the date of the filing of this Motion. As of
the date of this Motion, Debtors have failed to produce any
documents to Ranger in response to this discovery request, other
than exact copies of redacted documents previously produced in the
Arbitration. As of the date of the filing of this Motion, no
audited financial statements have been submitted by the Debtors.
Absent this information, Ranger and other creditors and investors
have no reliable information as to the status and value of the
assets of the estate and the status and value of the investor's
interests in the PAIF fund. Cause also exists for conversion under
Section 1112(b) in a case in which no confirmable plan is in
prospect, conflicts of interests exist which give insiders
incentives to act against the best interest of creditors and
administrative expenses continue to mount. Ranger has already
suffered enough damage at the hands of PAIF and its Microbilt
related masters. There is simply no reason for PAIF to be a
debtor-in-possession other than to continue to maintain control and
lack of transparency while it delays liquidation for its own
reasons. To the detriment of Ranger and other investors."

The Court scheduled an October 22, 2018 hearing to consider the
conversion motion, BankruptcyData related.

                About Princeton Alternative

Princeton Alternative Income Fund, LP, and Princeton Alternative
Funding LLC, a fund management company, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No.
18-14603) on March 9, 2018.  Judge Michael B. Kaplan presides over
the cases.  

In the petitions signed by John Cook, authorized representative,
PAIF estimated assets of $50 million to $100 million and
liabilities of $1 million to $10 million.  PAF estimated assets of
less than $100,000 and liabilities of $1 million to $10 million.

Sills Cummis & Gross, P.C., is the Debtor's counsel.  Liggett &
Webb, P.A., has been tapped to serve as accountant.

The Debtors tapped JAMS/Hon. Steven Rhodes to provide mediation
services, to take place in New York City.


PROFLO INDUSTRIES: May Continue Using Cash Collateral Until Nov. 16
-------------------------------------------------------------------
The Hon. Mary Ann Whipple of the U.S. Bankruptcy Court for the
Northern District of Ohio has entered a seventh order authorizing
ProFlo Industries, LLC, to use of cash collateral on an interim
basis until Nov. 16, 2018.

A continued hearing on the cash collateral use will be held on Nov.
7, 2018 at 1:30 p.m.

The Debtor is authorized, on an interim basis to use cash
collateral consisting of and including bank balance, accounts
receivable of the estate and gross sales of goods and services,
which The Huntington National Bank claims to have a valid and
perfected security interest.

The Debtor is prohibited from drawing from any line of credit with
Huntington Bank, and that said line of credit account can remain
frozen by Huntington National Bank, at Huntington Bank's
discretion.

The Debtor will be required to make adequate protection payments
for the use of cash collateral:

      (a) in the amount of $3,757.27 monthly payment on the line of
credit to Huntington Bank in accordance with the attached
amortization schedule, and

      (b) in the amount of the continued lease related payments to
Bosserman Automotive Engineering, LLC which, in turn, are used by
Automotive to pay the loan and mortgage with Huntington Bank dated
December 15, 2014 and related to that certain real property located
at 2679 S. US 23, Alvada, OH, 44802.

The security interest of Huntington Bank in bank balance, accounts
receivable and fees of the Debtor's estate has been extended to all
post-petition receivables and gross retail sales created by the
Debtor in the operation of the Debtor's business with the same
force and effect as said security interest attached to the Debtor's
prepetition accounts receivables.

In addition, the Debtor will prepare and serve upon counsel for
Huntington Bank not less frequently than once per month an
operating report in similar form to that required by  the Office of
the U.S. Trustee's guidelines setting forth the total receipts and
disbursements.

A full-text copy of the Seventh Order is available at:

             http://bankrupt.com/misc/ohnb17-33184-232.pdf

                     About ProFlo Industries

Headquartered in Alvada, Ohio, ProFlo Industries, LLC, is an Ohio
Limited Liability Company engaged in the airline refueling
business.  The principal customers of the business are
multi-national companies providing goods, services and advice in
the global aviation industry.  ProFlo consists of one shareholder:
Terry N. Bosserman who owns 100% of the shares.

ProFlo Industries filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 17-33184) on Oct. 8, 2017.  In the
petition signed by Terry N. Bosserman, president, the Debtor
estimated less than $1 million in assets and less than $500,000 in
liabilities.  The Debtor is represented by Patricia A. Kovacs,
Esq.

No official committee of unsecured creditors has been appointed in
the Debtor's case.


RED TAPE: Hires Guerra Days Law Group as Attorney
-------------------------------------------------
Red Tape, Inc., and its debtor-affiliates seek authority from the
U.S. Bankruptcy Court for the Southern District of Texas to employ
Guerra Days Law Group LLC as counsel to the Debtors.

The counsel is to give Debtors legal advice with respect to the
cases, the Debtors' powers and duties as debtors-in-possession and
management of Debtors' property, and to perform all legal services
for debtors-in-possession that may be necessary.

Current hourly billing rates for Guerra Days are:

     Practicing Attorney, 6 or more years   $275
     Practicing Attorney, 3-6 years         $225
     Practicing Attorney, 0-3 years         $175
     Legal Assistants/Paralegals            $120

Ricardo Guerra, attorney with Guerra Days Law Group, attests that
his firm is a "disinterested person" as that term is defined by 11
U.S.C. Sec. 101(14).

The counsel can be reached through:
     
     Ricardo Guerra, Esq.
     Guerra Days Law Group, PLLC
     2211 Rayford Rd., Ste. 111 #134
     Spring, TX 77386
     Tel: 281-760-4295
     Fax: 866-325-0341
     E-mail: bankruptcy@rickguerra.com

                         About Red Tape

Red Tape Inc. is a small organization in the civic, social, and
fraternal associations industry located in Brownsville, Texas.

Red Tape Inc., based in Brownsville, TX, and its debtor-affiliates
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No.
17-10443) on Nov. 22, 2017.  In the petition signed by Ramiro
Armendariz, its president, the Debtors estimated $1 million to $10
million in assets and liabilities.  The Hon. Eduardo V Rodriguez
presides over the case.  Ricardo Guerra, Esq., at Guerra & Smeberg,
PLLC, serves as bankruptcy counsel.


RESIC ENTERPRISES: S&P Raises ICR to 'B', Outlook Stable
--------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on RESIC
Enterprises LLC to 'B' from 'B-'. The outlook is stable.

S&P said, "At the same time, we raised the issue-level rating to
'B' from 'B-' with a '3' recovery rating on the company's $245
million first-lien facilities, consisting of a $210 million
first-line term loan maturing in 2024 and a $35 million cash flow
revolver maturing in 2022. The '3' recovery rating indicates our
expectation for meaningful recovery (50%-70%; rounded estimate:
55%) in the event of payment default.

"The upgrade reflects our expectations for steady sales growth,
better operating margins, and higher cash flows that we previously
indicated could result in an upgrade. The company continues to
increase sales with its national accounts and to implement
strategic price management. In addition, it executed other margin
expansion opportunities such as better inputs procurement and
substitution. The combination of better pricing and lower costs led
to more than 150 basis points (bps) of EBITDA margin expansion to
7.7% for the third quarter ended June 30, 2018, compared with about
5.8% a year earlier. Due to its margin expansion, we expect fiscal
2018 debt to EBITDA to be 5.5x and to improve to 5x by 2019.  

"The stable outlook on RESIC reflects our expectation for continued
margin expansion and FOCF growth. We expect low-single-digit
percentage revenue growth as the company continues to expand
product offerings with existing customers, increase volumes through
new customers, to drive EBITDA margins in the high-single-digit
percentage area. This should lead annual FOCF to approach $15
million and allow the company to reduce leverage closer to 5x by
fiscal 2019.

"We could lower the ratings if the company's operating performance
deteriorates beyond our base-case forecast, leading to break-even
free cash flow generation and debt to EBITDA sustained above 7x, or
if the company's financial policy becomes more aggressive. Weak
sales and margin pressure could result from an inability to
increase prices and the loss of a large customer. We could also
lower the ratings if the company's financial policies become more
aggressive, such as a dividend recap and/or mergers and
acquisitions in a magnitude that could lead to leverage above 7x.


"Although unlikely over the next year, we could raise the ratings
if the company applies excess cash flow to debt reduction with an
explicit commitment in place by the owners to keep debt to EBITDA
below 5x. This could occur if the company executes on its strategy
to boost sales via increased products or new innovative products
and reduces operating expenses resulting in top-line growth of
higher mid-single-digit percentages and EBITDA margins over 10%."



RODEO ROOFING: Allowed to Use Cash Collateral Until January 2019
----------------------------------------------------------------
The Hon. Frank L. Kurtz of the U.S. Bankruptcy Court for the
Eastern District of Washington authorized Rodeo Roofing LLC to use
cash collateral through Jan. 31, 2019 in accordance with the
amounts set forth in the Budget.

The approved Budget provides total monthly expenses of
approximately $548,430 for the month of October 2018; $612,150 for
the month of November 2018; $505,570 for the month of December
2018; and $537,750 for the month of January 2019.

The following are the material terms and conditions for Debtor's
use of cash collateral:

      (a) The Cash Collateral Lienholders will be provided a
replacement lien in post-petition cash collateral, equal to the
value of their collateral as of the Petition Date;

      (b) Upon written request, the Debtor will provide to the Cash
Collateral Lienholders all interim statements and operating reports
required to be submitted to the U.S. Trustee, as such reports are
submitted to the U.S. Trustee, and monthly cash flow reports,
broken down by the expense line items contained in the Budget,
within twenty days after the end of each calendar month;

      (c) The Debtor reserves the right to object to the claims of
the, and to object to the validity, priority and extent of Cash
Collateral Lienholders' liens, if any, encumbering the Debtor's
assets;

      (d) The Debtor reserves the right to seek, if necessary,
Court authority for use of the Cash Collateral Lienholders' Cash
Collateral on terms different from those contained in this Motion;
and

      (e) To the extent provided by contract or statute, the Cash
Collateral Lienholders will have the right to inspect the
collateral for their loans and the books and records maintained by
the Debtor with respect thereto during the Debtor's normal business
hours, after not less than two business days' notice to the Debtor.


A full-text copy of the Order is available at

              http://bankrupt.com/misc/waeb18-02005-58.pdf

                        About Rodeo Roofing

Rodeo Roofing LLC was formed on Oct. 12, 2012 under the laws of the
state of Oregon to engage in the sale service and installation of
roofing for commercial buildings.  During that time it has operated
both as the principal contractor on roofing jobs, and as a
sub-contractor for other general contractors.  During the years
2013 through 2017, Rodeo reported total gross income of $13.57
million and a net loss of $643,000.  The principal shareholders are
Mr. Brian Fleming and Ms. Pamela Fleming, each of whom hold a 50.0%
of the ownership interest.  As of the bankruptcy filing, the
Company had 40 employees.

Rodeo Roofing filed a Chapter 11 petition (Bankr. E.D. Wash. Case
No. 18-02005) on July 16, 2018.  In the petition signed by Brian
Fleming, president and managing member, the Debtor estimated less
than $50,000 in assets and $1 million to $10 million in
liabilities.  The Hon. Frank L. Kurtz presides over the case.
Metiner G. Kimel, Esq., at Kimel Law Offices, serves as bankruptcy
counsel.  No official committee of unsecured creditors has been
appointed in the Chapter 11 case.


RUBEN JASSO TRUCKING: Hires E.P. Bud Kirk as Attorney
-----------------------------------------------------
Ruben Jasso Trucking, LLC, seeks authority from the U.S. Bankruptcy
Court for the Western District of Texas to employ the Law Office of
E.P. Bud Kirk as attorney to the Debtor.

Professional services to be rendered by E.P. Bud Kirk are:

     a. give the Debtor legal advice with respect to its powers and
duties as Debtor-in-Possession and the continued operation of its
business and management of its properties;

     b. review the various contracts entered by the Debtor and to
determine which contracts should be rejected and assumed;

     c. represent the Debtor in collection of its accounts
receivable, if needed;

     d. prepare on behalf of the Debtor necessary Schedules,
Statements, Applications, and Answers, Orders, Reports, and other
legal documents required for reorganization;

     e. assist the Debtor in formulation and negotiation of a Plan
with its creditors in these proceedings;

     f. review all presently pending litigation in which the Debtor
is a participant, to recommend settlement of such litigation which
the attorney deems to be in the best interest of the estate, and to
make an appearance as lead trial counsel in all litigation which
the attorney believes should be continued, if needed.

     g. review the transactions of the Debtor prior to the filing
of the Chapter 11 proceedings to determine what further litigation,
if any, pursuant to the Bankruptcy Code, or otherwise, should be
filed on behalf of the estate;

     h. examine all tax claims filed against the Debtor, to contest
any excessive amounts claimed therein, and to structure a payment
of the allowed taxes which conforms to the Bankruptcy Code and
Rules; and

     i. perform all other legal services of the Debtor, as
Debtor-in-Possession, which may be necessary.

E.P. Bud Kirk will be paid at these hourly rates:

     E.P. Bud Kirk (Attorney)           $300
     Kathryn A. McMillan (Paralegal)     $90
     Maura Casas (Paralegal)             $90
     Vanessa Narro (Paralegal)           $90

A retainer of $8,273 was paid to E.P. Bud Kirk upon the filing of
the bankruptcy proceedings.  Prior to filing, $2,750 was paid to
E.P. Bud Kirk by the Debtor, for pre-bankruptcy services actually
rendered.

E.P. Bud Kirk, a partner of Law Office of E.P. Bud Kirk, 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.

E.P. Bud Kirk can be reached at:

     E.P. Bud Kirk, Esq.
     LAW OFFICE OF E.P. BUD KIRK
     600 Sunland Park Drive, Suite 400
     El Paso, TX 79912
     Tel: (915) 584-3773
     Fax: (915) 581-3452
     E-mail: budkirk@aol.com

                  About Ruben Jasso Trucking

Ruben Jasso Trucking, LLC, is a privately held company in El Paso,
Texas, in the general freight trucking business.

Ruben Jasso Trucking filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 18-31630) on Sept. 28, 2018.  In the petition
signed by Ruben Jasso, managing member, the Debtor estimated $1
million to $10 million in assets and liabilities.  The case is
assigned to Judge Christopher H. Mott.  The Debtor hired E.P. Bud
Kirk, Esq., at Law Office of E.P. Bud Kirk, as counsel.


RUBY'S DINER: Hires Donlin Recano as Claims Agent
-------------------------------------------------
Ruby's Diner, Inc. and its debtor-affiliates seek authority from
the United States Bankruptcy Court for the Central District of
California (Santa Ana) to hire Donlin, Recano & Company, Inc., as
claims and noticing agent.

The firm will provide consulting services regarding communications,
noticing and claims management and reconciliation and
voting/balloting, and any other services agreed upon by the
parties. In addition, DRC is going to serve as the official record
for the filed proofs of claim.

The firm's hourly rates for professional services are:
  
     Executive Staff                         No charge
     Senior Bankruptcy Consultant              $175
     Case Manager                              $140
     Technology/Programming Consultant          $90
     Consultant                                 $80
     Clerical                                   $45

Prior to the Petition Date, the Debtors provided Donlin a retainer
in the sum of $75,000, of which $8,824 was for the firm's
pre-bankruptcy services.

Donlin is "disinterested" as defined in Section 101(14) of the
Bankruptcy Code, according to court filings.

The firm can be reached through:

     Nellwyn Voorhies
     Donlin, Recano & Company, Inc.
     6201 15th Avenue
     Brooklyn, NY 11219
     Phone: 212-481-1411

                   About Ruby's Diner Inc.

Ruby's -- https://www.rubys.com/ -- is a restaurant chain that
serves breakfast, lunch, dinner, shakes and desserts.  The
Restaurant's menu includes Ruby rings, fried calamari, fried green
beans, Asian style lettuce wraps, frings, chicken tenders, fresh
salads, home-style chili & soups, burgers, sandwiches, tacos and
more.  The Company was founded by Doug Cavanaugh and Ralph Kosmides
in 1982.  Ruby's is headquartered in Irvine, California, with
locations in California, Nevada, Arizona, Texas, Pennsylvania and
New Jersey.

Ruby's Diner, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 18-13311) on Sept. 5,
2018.  In the petition signed by CEO Douglas S. Cavanaugh, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  Judge Catherine E. Bauer
presides over the case.


RUBY'S DINER: Hires Pachulski Stang as General Bankruptcy Counsel
-----------------------------------------------------------------
Ruby's Diner, Inc. and its debtor-affiliates seek authority from
the United States Bankruptcy Court for the Central District of
California (Santa Ana) to hire Pachulski Stang Ziehl & Jones LLP as
general bankruptcy counsel for the Debtors.

The professional services that PSZ&J will provide are:
      
     a. advise the Debtors regarding the requirement of the
Bankruptcy Code, the Bankruptcy Rules, the Local Bankruptcy Rules,
and the requirements of the Office of the United States Trustee
pertaining to the administration of the Estates and the use
thereof;

     b. advise and represent the Debtors concerning their rights
and remedies in regards to the assets of the Estates;

     c. prepare, among other things, motions, applications,
answers, orders, memoranda, reports and papers in connection with
the administration of these Estates;

     d. protect and preserve the Estates by prosecuting and
defining actions commenced by or against the Debtors;

     e. analyze, and prepare necessary objections to proofs of
claim filed against these Estates;

     f. conduct examinations of witnesses, claimants, or other
adverse or third parties;

     g. represent the Debtors in any proceeding or hearing in the
Court;

     h. negotiate, formulate and draft of any plans of
reorganization and disclosure statements;

     i. advise and represent the Debtors in connection with their
investigation of potential causes of action against persons or
entities, including, but not limited to, avoidance actions, and the
litigation, if warranted; and

     j. render such other advice and services as the Debtors may
require in connection with the Cases.

The firm's hourly rates are:

        William N. Lobel             $850
        Tavi C. Flanagan             $650
        Nancy Lockwood (Paralegal)   $375

William N. Lobel, Esq., a partner at Pachulski, disclosed in a
court filing that his firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

The Counsel can be reached through:

     William N. Lobel, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     650 Town Center Drive, Suite 1500
     Costa Mesa, CA 92626
     Tel: 714-384-4740
     Fax: 714-384-4741
     E-mail: wlobel@pszjlaw.com

                   About Ruby's Diner Inc.

Ruby's -- https://www.rubys.com/ -- is a restaurant chain that
serves breakfast, lunch, dinner, shakes and desserts.  The
Restaurant's menu includes Ruby rings, fried calamari, fried green
beans, Asian style lettuce wraps, frings, chicken tenders, fresh
salads, home-style chili & soups, burgers, sandwiches, tacos and
more.  The Company was founded by Doug Cavanaugh and Ralph Kosmides
in 1982.  Ruby's is headquartered in Irvine, California, with
locations in California, Nevada, Arizona, Texas, Pennsylvania and
New Jersey.

Ruby's Diner, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-13311) on Sept. 5,
2018.  In the petition signed by CEO Douglas S. Cavanaugh, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  Judge Catherine E. Bauer
presides over the case.


S&C TEXAS INVESTMENTS: Case Summary & 8 Unsecured Creditors
-----------------------------------------------------------
Debtor: S&C Texas Investments, Inc.
           dba Sky Zone Westborough
           dba Sky Zone Wallingford
           dba Sky Zone Houston
        9802 Reston River Lane
        Cypress, TX 77433

Business Description: S&C Texas Investments, Inc. is an amusement
                      park operator and investor whose current
                      assets include the Sky Zone Westborough and
                      Sky Zone Wallingford amusement centers.

Chapter 11 Petition Date: October 8, 2018

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Case No.: 18-35668

Judge: Hon. David R. Jones

Debtor's Counsel: Margaret Maxwell McClure, Esq.
                  LAW OFFICE OF MARGARET M. MCCLURE
                  909 Fannin, Suite 3810
                  Houston, TX 77010
                  Tel: 713-659-1333
                  Fax: 713-658-0334
                  Email: margaret@mmmcclurelaw.com

Total Assets: $857,373

Total Liabilities: $8,862,438

The petition was signed by Ryan Swift, president.

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

      http://bankrupt.com/misc/txsb18-35668_creditors.pdf

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

            http://bankrupt.com/misc/txsb18-35668.pdf


SEDGWICK LLP: October 11 Meeting Set to Form Creditors' Panel
-------------------------------------------------------------
Tracy Hope Davis, United States Trustee for Region 17, will hold an
organizational meeting on October 11, 2018, at 1:00 p.m. in the
bankruptcy case of Sedgwick, LLP.

The meeting will be held at:

         Office of the United States Trustee
         450 Golden Gate Avenue, Suite 01‐5467
         San Francisco, CA 94102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                  About Sedgwick LLP

Sedgwick LLP is a San Francisco, Calif.- based firm that provides
legal advisory services.  The firm's focus areas include antitrust,
bankruptcy, business and commercial litigation, intellectual
property, mass tort, reinsurance, surety, and estate planning.
Sedgwick LLP was founded in 1933 and has offices in Chicago,
Dallas, Kansas City, London, Los Angeles, Miami, New York and
Seattle.

Sedgwick LLP filed for bankruptcy protection (Bankr. N.D. Cal.,
Case No. 18-31087) on October 2, 2018.  The petition was signed by
Curtis D. Parvin, chair of Dissolution Committee.  The Hon. Hannah
L. Blumenstiel presides over the case.

The Debtor has estimated assets and liabilities of $1 million to
$10 million each.

The Debtor tapped John W. Lucas, Esq., Richard M. Pachulski, Esq.,
and John D. Fiero, Esq. of Pachulski Stang Ziehl & Jones LLP as
counsel.


SOUTH SIDE SALVAGE: Taps Marc T. Valentine as Special Counsel
-------------------------------------------------------------
South Side Salvage, Inc., seeks approval from the U.S. Bankruptcy
Court for the Western District of Pennsylvania to hire Marc T.
Valentine and Associates, P.C., to represent its interests in the
IFTA tax dispute with Revenue.

Marc T. Valentine will charge an hourly rate of $165.00 for his
services and utilize the services of associate attorneys at a lower
hourly rate, with reimbursement of costs and expenses advanced.

Marc T. Valentine, Esq. attests that he does not hold or represent
an interest adverse to the Debtor or the Estate in the matters upon
which he is to be engaged and is a "disinterested person" within
the meaning of 11 U.S.C. Sections 101(14), 327 and 328.

The counsel can be reached through:

        Marc T. Valentine, Esq.
        Marc T. Valentine and Associates, P.C.
        118 North Center Avenue
        Somerset, PA 15501
        Phone: 814-701-2835
        Fax: 814-701-2590
        E-mail: marcvaltax@gmail.com

                    About South Side Salvage

South Side Salvage, Inc. -- http://southsidesalvage.com/newsite--
provides heavy duty towing and recovery, semi-truck repair, used
truck parts, and more serving Pennsylvania, Maryland and West
Virginia.  It was founded in July 2003 by William H. Oester.

South Side Salvage sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 18-70603) on Aug. 27,
2018.  In the petition signed by William Oester, president, the
Debtor disclosed $1,607,478 in assets and $1,172,307 in
liabilities.  Judge Jeffery A. Deller presides over the case.  The
Debtor tapped Spence, Custer, Saylor, Wolfe & Rose, LLC, as its
legal counsel; and Barnes Saly & Company, P.C., as its accountant.


SPOKANE COIN: Chapter 11 Reorganization Plan Confirmed
------------------------------------------------------
Bankruptcy Judge Frederick P. Corbit confirmed Spokane Coin
Exchange, Inc.'s chapter 11 plan of reorganization filed on July
24, 2018.

The Court finds that the provisions of Chapter 11 of the United
States Code have been complied with and the Plan has been proposed
in good faith and not by any means forbidden by law.

All payments made or promised by the Debtor or by a person issuing
securities or acquiring property under the Plan or by any other
person for services or for costs and expenses in, or in connection
with, the Plan and incident to the case, have been fully disclosed
to the Court and are reasonable and are approved, or, if to be
fixed after confirmation of the Plan, will be subject to approval
of the Court.

Confirmation of the Plan is not likely to be followed by the
liquidation, or the need for further financial reorganization of
the Debtor, or (b) if the Plan is a plan of liquidation, the Plan
sets a time period in which liquidation will be accomplished, and
provides for the eventuality that the liquidation is not
accomplished in that time period.

The bankruptcy case is in re: SPOKANE COIN EXCHANGE, INC., Chapter
11, Debtor, No. 18-00826-FPC-11 (Bankr. E.D. Wash.)

A copy of the Court's Findings dated Sept. 19, 2018 is available
for free at https://bit.ly/2zUphou from Leagle.com.

Spokane Coin Exchange, Inc., Debtor, represented by Dan ORourke,
Southwell & ORourke.

US Trustee, U.S. Trustee, represented by James D. Perkins, U S Dept
of Justice/U S Trustee Office.

             About Spokane Coin Exchange

Spokane, Washington-based Spokane Coin Exchange, Inc. --
http://spokanecoinexchange.com/-- is a dealer of gold, silver,
platinum and palladium, both in coin or bullion form, including the
popular American Eagle and Canadian Maple Leaf series, Krugerrands
and Pandas, Johnson Matthey, Engelhard, Credit Suisse and Swiss
Credit Corp products.  Spokane Coin Exchange has been serving
collectors and investors of rare coins, currency, philatelics,
precious gemstones, works of art, and bullion products since 1973.

Spokane Coin Exchange, Inc., based in Spokane, WA, filed a Chapter
11 petition (Bankr. E.D. Wash. Case No. 18-00826) on March 28,
2018.  In the petition signed by Steven Baldwin, president, the
Debtor disclosed $309,000 in assets and $1.93 million in
liabilities.

The Hon. Frederick P. Corbit presides over the case.  Dan O'Rourke,
Esq., at Southwell & O'Rourke, P.S., serves as bankruptcy counsel
to the Debtor.


STAR MOUNTAIN: Examiner Taps Parker Schwartz PLLC as Counsel
------------------------------------------------------------
Jared G. Parker, the examiner of the Estate of Star Mountain
Resources, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Arizona to retain his firm, Parker Schwartz, PLLC,
as its counsel.

The counsel will assist the Examiner with investigating,
negotiating and litigating the claims and issues for the benefit of
the Estates.

Hourly rates Parker Schwartz will charge are:

     Jared G. Parker         $510
     Monty L. Greek          $400
     Robert R. Northrop      $250
     Edwin Lee               $340
     Chris Eckert            $180

     Other Attorneys     $250 to $510
     Paralegals          $125 to $180

Parker Schwartz is a "disinterested person" within the meaning of
that term as used in 11 U.S.C. Sec. 327(a) and as defined in 11
U.S.C. Sec. 101(14), as stated in the court filing.

The counsel can be reached through:

     Jared G. Parker, Esq.
     PARKER SCHWARTZ, PLLC
     7310 North 16th Street, Suite 330
     Phoenix, Arizona 85020
     Tel:(602) 282-0476
     Fax:(602) 282-0478  
     E-mail: jparker@psazlaw.com

                  About Star Mountain Resources

Star Mountain Resources Inc. --
http://www.starmountainresources.com/-- is a small cap mining
company focused on the acquisition of mineral properties and their
development into producing mines.  It is headquartered in Tempe,
Arizona.

Star Mountain Resources sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 18-01594) on Feb. 21,
2018.  In the petition signed by Mark Osterberg, president and
chief operating officer, the Debtor estimated assets and
liabilities of $1 million to $10 million.  Judge Daniel P. Collins
presides over the case.  Fennemore Craig, P.C., is the Debtor's
bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 18, 2018.  The Committee retained
Dickinson Wright, PLLC, as its legal counsel.


TEMPO DULU: Hires Baker Newman & Noyes as Accountant
----------------------------------------------------
Breda, a Limited Liability Company, and Tempo Dulu LLC seek
approval from the U.S. Bankruptcy Court for the District of Maine
to hire Baker Newman & Noyes, LLC, nunc pro tunc to Sept. 24, 2018,
to serve as the accountant for the
Debtors for the purposes of preparing the corporate state and
federal income tax filings of the Debtors and providing additional
and necessary tax advisory services to the Debtors, to the extent
requested.

BNN seeks to bill each debtor separately for matters that pertain
exclusively to that particular Debtor.  For matters that pertain to
both Debtors equally, or that otherwise cannot reasonably be
attributed to a single Debtor, the Debtors propose to have BNN bill
Breda for 72% of the time and costs, and Tempo Dulu for the
remaining 28% of the time and costs.

BNN's hourly rates are:

   Michael Stillings, Principal    $375
   Matthew Pore, Senior Manager    $275

Michael Stillings, principal and director of Tax Services of Baker
Newman & Noyes, LLC, attests that BNN does not hold or represent
any interest adverse to the Debtors’ estates and that BNN is a
"disinterested person" as that phrase is defined in Sec. 101(14) of
the Bankruptcy Code, as modified by Sec. 1107(b) of the Bankruptcy
Code.

The accountant can be reached through:

     Michael Stillings, CPA
     BAKER NEWMAN & NOYES, LLC
     280 Fore Street
     Portland, ME 04101-4177
     Tel: (207) 879-2100
     Fax: (207) 774-1793

                 About Breda and Tempo Dulu

Breda, a Limited Liability Company, and Tempo Dulu, LLC, own the
Camden Harbour Inn and the Danforth Inn located in Camden and
Portland, Maine, respectively.

Breda and Tempo Dulu sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Maine Case No. 18-20157) on March 28,
2018.  In the petitions signed by Raymond Brunyanszki, member, the
Debtors each estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  Judge Michael A. Fagone
presides over the case.  The Debtors tapped Bernstein, Shur, Sawyer
& Nelson, P.A., as their legal counsel.


TENNECO INC: Fitch Assigns BB+ on Sr. Sec. EUR-Denominated Notes
----------------------------------------------------------------
Fitch Ratings has assigned a rating of 'BB+'/'RR1' to the senior
secured Euro-denominated notes that have been assumed by Tenneco
Inc. (TEN) following the closing of TEN's acquisition of
Federal-Mogul LLC (FM). Fitch has also affirmed TEN's secured term
loan A and B ratings at 'BB+'/'RR1'. Based on earlier
documentation, Fitch had anticipated that the borrower of the term
loans would be Tenneco Automotive Operating Company, Inc., but
according to the final documentation, TEN is the borrower. Fitch
has withdrawn its ratings on TAOC, including TAOC's 'BB-' IDR, as
Fitch does not anticipate the subsidiary to be an issuer of rated
debt going forward.

The secured notes consist of the following: EUR415 million of
4.875% notes due 2022, EUR350 million of 5% notes due 2024 and
EUR300 million of floating-rate notes due 2024. The secured notes
rank pari passu with TEN's secured credit facility, with includes a
USD1.5 billion secured revolver and the aforementioned term loans.
The secured notes are guaranteed by the same subsidiaries that
guarantee the credit facility and are secured by the same
collateral.

Proceeds from the term loans were used to fund a portion of the
cash consideration for the acquisition as well as repay outstanding
debt at FM and TAOC's previous secured term loan A that had a
balance of USD380 million outstanding at June 30, 2018.

TEN's Long-Term Issuer-Default Rating (IDR) is 'BB-', and its
Rating Outlook is Stable.

KEY RATING DRIVERS

The secured notes consist of the following: EUR415 million of
4.875% notes due 2022, EUR350 million of 5% notes due 2024 and
EUR300 million of floating-rate notes due 2024. The secured notes
rank pari passu with TEN's secured credit facility, with includes a
USD1.5 billion secured revolver and the aforementioned term loans.
The secured notes are guaranteed by the same subsidiaries that
guarantee the credit facility and are secured by the same
collateral.

TEN's ratings incorporate the substantial increase in the company's
leverage that has resulted from its acquisition of FM. TEN has
funded the acquisition with a combination of cash, incremental
borrowing and stock. Fitch estimates TEN has roughly USD6.5 billion
in debt following the closing, including incremental debt to fund
part of the transaction, existing debt at both TEN and FM that
remains in the capital structure, including the aforementioned
secured notes, as well as off-balance-sheet factoring that Fitch
treats as debt. Including certain transaction synergies, Fitch
estimates TEN's annualized EBITDA will be around USD1.8 billion
roughly a year after the closing, leading to estimated gross EBITDA
leverage (debt, including off-balance-sheet
factoring/Fitch-calculated EBITDA) in the mid-3x range, well above
TEN's pre-closing leverage of 2.4x at June 30, 2018 and consistent
with an IDR of 'BB-'.

TEN's acquisition of FM has significantly enhanced the diversity of
TEN's business. The combination of both companies' product lines
also creates cross-selling opportunities that will likely provide
TEN with more comprehensive end-to-end solutions in the powertrain
business. TEN's aftermarket businesses will also benefit from
increased scale and the ability to leverage a larger distribution
network. Although demand for the company's clean air and powertrain
products could come under pressure over the longer term as the
global auto industry focuses on battery electric vehicles, Fitch
expects tightening global emissions regulations will increase
demand for TEN's powertrain and emissions technologies over the
intermediate term. Growing demand for increasingly advanced ride
control systems will also benefit the company, and Fitch expects
demand for sophisticated ride control technologies will increase as
auto manufacturers begin marketing fully autonomous vehicles.

In late 2019, TEN plans to split into two separate, publicly traded
companies: a Powertrain Technology company that will be comprised
of TEN's legacy Clean Air business and FM's former Powertrain
operations and an Aftermarket and Ride Performance company that
will consist of TEN's Ride Performance and aftermarket business and
FM's former Motorparts business. The separation will be
accomplished by spinning off the Aftermarket and Ride Performance
business from the Powertrain Technology business.

TEN currently expects the Powertrain Technology business will have
net leverage of about 2.3x at separation, with a longer-term goal
of maintaining net leverage in the 1.0x to 1.5x range. It expects
the Aftermarket and Ride Performance business will have net
leverage of around 3.0x at separation, with a longer-term net
leverage target in the 1.5x to 2.0x range. TEN's net leverage
calculations do not incorporate off-balance sheet factoring. The
Aftermarket and Ride Performance business will likely enter into
new financing arrangements after separation in order to fund a
dividend to the Powertrain Technology business. The Powertrain
Technology business will likely retain the pre-separation capital
structure, including TEN's senior unsecured notes, but it will use
proceeds from the Aftermarket and Ride Performance dividend to
refinance some or all of the secured notes assumed from FM.

TEN estimates that various acquisition cost synergies will result
in at least USD200 million in run-rate profit improvement, and
Fitch believes there could be further opportunities to achieve
synergistic revenue benefits over the longer term. TEN also expects
to achieve USD250 million in one-time cash working capital
synergies by applying its best practices in working capital
management to FM's working capital.

Although the transaction significantly grows and diversifies TEN's
business, there are important risks associated with it as well.
Merging both companies' sizable operations will be challenging and
could lead to higher-than-expected integration costs. There could
also be delays in the attainment of the expected synergies or
synergies may not provide the expected benefits. The sizable
increase in TEN's leverage could also pose a significant risk,
given the inherent cyclicality of the global auto industry, and a
decline in auto production, particularly in North America, could
limit TEN's ability to de-lever its balance sheet as quickly as
planned.

Separate from the acquisition, in 2014, antitrust authorities in
various jurisdictions began investigating possible violations of
antitrust laws by multiple automotive parts suppliers, including
TEN. However, the European Commission's (EC) closing of the case
without penalty in April 2017 and the U.S. Department of Justice's
(DOJ) previous grant of conditional leniency through the Antitrust
Division's Corporate Leniency Policy are encouraging. The DOJ's
leniency policy limits TEN's exposure; in exchange for the
company's self-reporting and continuing cooperation with the DOJ's
investigation, the DOJ will not bring any criminal antitrust
prosecution nor seek any criminal fines or penalties against TEN.

TEN and certain of its competitors are also currently defendants in
civil putative class action litigation in the U.S. and Canada
related to the antitrust investigations. However, because TEN
received conditional leniency from the DOJ, its civil liability in
the U.S. follow-on actions is limited to single damages, and it
will not be jointly and severally liable with the other defendants.
TEN established a USD132 million reserve in 2017 for settlement
costs that it expected to be necessary to resolve its antitrust
matters globally, which primarily involves the resolution of civil
suits and related claims. Through April 2018, TEN had paid USD62
million to resolve various claims related to the investigation.

DERIVATION SUMMARY

Following its planned acquisition of Federal-Mogul LLC, TEN has a
relatively strong competitive position focusing on powertrain,
clean air and ride control technologies for automotive, commercial
vehicle and off-road machinery original equipment manufacturers
(OEMs), as well as a large presence in branded automotive
aftermarket parts and components. The company's Tier 1 technologies
are likely to grow in demand over the intermediate term as its OEM
customers increasingly focus on ways to improve powertrain fuel
efficiency, reduce emissions and improve vehicle ride quality. At
the same time, its aftermarket business will insulate it somewhat
from the heavier cyclicality of the Tier 1 business, while
providing growth opportunities as the on-road vehicle fleet ages in
both developed and developing markets.

Although the company's clean air and powertrain businesses could
come under pressure over the longer term as the global auto
industry focuses more on electric vehicles, in the nearer term,
tightening global regulations on emissions from internal combustion
engines will drive higher demand for TEN's products. At the same
time, growing demand for increasingly sophisticated ride control
systems will also benefit the company. That being said, compared
with certain high-technology auto suppliers, such as Aptiv PLC
(BBB/Stable) or Visteon Corporation (Not Rated [NR]), which are
increasingly focused on in-car advanced technologies, TEN's focus
remains on more traditional products that are directly tied to
vehicle performance characteristics.

Fitch expects TEN's margins to remain generally in-line with
issuers in the high-'BB' range. From a size perspective, the
company is now among the largest U.S. auto suppliers, but it is
still smaller than the largest global auto suppliers, such as
Continental AG (BBB+/Stable), Magna International Inc. (NR) or
Robert Bosch GmbH (F2). Over the intermediate term, Fitch expects
TEN's credit protection metrics, including planned synergies, will
be more consistent with a low-'BB' IDR.
Fitch's ratings do not incorporate the planned separation of the
post-acquisition TEN into two separate businesses that is planned
for the second half of 2019, as certain significant details about
the structure of the two businesses have not yet been determined.
Fitch will consider the ramifications of the split on the company's
credit profile as more information becomes known.

KEY ASSUMPTIONS

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

  -- U.S. industry light vehicle sales decline to about 16.8
million units in 2018 and plateau in the 16.5 million to 17.0
million range for the next several years, while global industry
sales rise in the low-single digit range;

  -- TEN's acquisition of FM closes in the second half of 2018 as
planned;

  -- Expense and working capital synergies are achieved according
to the company's plans;

  -- Capital spending runs at about 4.0% to 4.5% of revenue through
the forecast, reflecting the company's ongoing investments to
support new product programs and geographical growth;

  -- Post-acquisition, TEN has about USD1 billion in off-balance
sheet factoring outstanding;

  -- Following the acquisition, TEN continues to pay regular
dividends, but it pulls back on most share-repurchase activity;

  -- The company uses excess cash to prepay amounts under its term
loans as it works to meet its leverage targets.

RATING SENSITIVITIES

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

  -- An increase in TEN's value-added FCF margin to about 3% on a
consistent basis;

  -- A sustained decline in post-acquisition EBITDA leverage to
3.0x or lower;

  -- A sustained decline in post-acquisition FFO-adjusted leverage
to 3.5x or lower;

  -- A sustained increase in post-acquisition FFO fixed-charge
coverage to 3.5x or higher.

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

  -- A severe decline in global vehicle production that leads to
reduced demand for TEN's products;

  -- A sustained decline in the post-acquisition value-added FCF
margin to breakeven or below;

  -- An inability to reduce post-acquisition EBITDA leverage to
below 4.0x over the intermediate term;

  -- An inability to reduce post-acquisition FFO-adjusted leverage
to below 4.5x over the intermediate term;

  -- An inability to maintain post-acquisition FFO fixed-charge
coverage above 3.0x;

  -- An adverse outcome from the ongoing antitrust investigation
that leads to a significant decline in liquidity or an increase in
leverage.

LIQUIDITY

Fitch expects TEN's liquidity to remain solid. As of June 30, 2018,
TEN had USD235 million of unrestricted cash and cash equivalents
and FM had another USD298 million of unrestricted cash and cash
equivalents. In addition to its cash, TEN maintains additional
liquidity through a USD1.5 billion secured revolving credit
facility.

FULL LIST OF RATING ACTIONS

Tenneco Inc.

  - Senior secured notes assigned 'BB+'/'RR1';

  - Secured Term Loan A affirmed at 'BB+'/'RR1';

  - Secured Term Loan B affirmed at 'BB+'/'RR1'.

Tenneco Automotive Operating Company, Inc.

  - Long-term issuer default rating has been withdrawn.

Fitch also rates Tenneco as follows:

Tenneco Inc.

  - Long-Term Issuer Default Ratings 'BB-';

  - Secured revolving credit facility 'BB+'/'RR1';

  - Senior unsecured notes 'BB-'/'RR4'.


TENNECO INC: S&P Raises Sec. Notes Rating to 'BB', Off Watch Pos.
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S&P Global Ratings raised its issue-level rating on Tenneco Inc.'s
4.875% senior secured notes due 2022, floating-rate senior secured
notes due 2024, and 5% senior secured notes (all formerly issued by
Federal-Mogul LLC) to 'BB' from 'B-' and removed the rating from
CreditWatch, where S&P placed it with positive implications on
April 10, 2018. S&P said, "At the same time, we revised our
recovery rating on the notes to '3' from '4'. The '3' recovery
rating indicates our expectation that lenders will receive
meaningful recovery (50%-70%; rounded estimate: 55%) in the event
of a default."

As part of the acquisition of Federal-Mogul, Tenneco refinanced its
previous bank debt with a new $1.5 billion revolving credit
facility, a $1.7 billion term loan A, and a $1.7 billion term loan
B. S&P said, "Our 'BB' issue-level rating and '3' recovery rating
on these debt obligations remain unchanged. The '3' recovery rating
indicates our expectation that lenders will receive meaningful
recovery (50%-70%; rounded estimate: 55%) in the event of a
default."

S&P said, "Our 'BB-' issue-level rating and '5' recovery rating on
the company's senior unsecured notes also remain unchanged. The '5'
recovery rating indicates our expectation that lenders will receive
modest recovery (10%-30%; rounded estimate: 20%) in the event of a
default.

"Our issuer credit rating on Tenneco incorporates the company's
exposure to the highly cyclical light- and commercial-vehicle
markets in which it competes and its significant level of debt
leverage."

  RATINGS LIST

  Tenneco Inc.
   Issuer Credit Rating            BB/Stable/--

  Ratings Raised; CreditWatch Action; Recovery Ratings Revised
                                   To              From
  Tenneco Inc.
   Senior Secured                  BB              B-/Watch Pos
    Recovery Rating                3(55%)          4(30%)

  Ratings Affirmed; Recovery Ratings Unchanged

  Tenneco Inc.
  Tenneco Automotive Operating Company
   Senior Secured                  BB
    Recovery Rating                3(55%)

  Tenneco Inc.
   Senior Unsecured                BB-
    Recovery Rating                5(20%)


TIGAMAN INC: Seeks Authorization to Use LOBC Cash Collateral
------------------------------------------------------------
Tigaman, Inc., seeks authority from the U.S. Bankruptcy Court for
the Northern District of Georgia to use the cash collateral in the
amount of $48,630 per month as shown on the Budget, plus a variance
not to exceed 10% per month or the actual cost, whichever is
greater.

The cash collateral sought to be used consists of funds deposited
in an account with SunTrust Bank and subsequent DIP Accounts. The
Debtor proposes to use cash collateral in order to maintain
insurance, pay utilities, pay its employees and maintain the
property needed in the operation of its business.

The Debtor believes that Live Oak Banking Company ("LOBC") is the
only entity having an interest in the cash collateral.

The protection to be provided to LOBC pending the final hearing is:
(a) replacement liens to the extent and validity of those liens
that presently exists, and (b) adequate protection payments.

The Court will hold a hearing on the Motion to Enter Into a Lease
Agreement on Oct. 18, 2018 at 10:15 a.m.

A full-text copy of the Cash Collateral Motion is available at

              http://bankrupt.com/misc/ganb18-63874-31.pdf

                       About Tigaman Inc.

Tigaman, Inc., owns a cat clinic in Roswell, Georgia.  The Debtor
previously filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bank. N.D. Ga. Case No. 13-59458) on May 1,
2013.

Tigaman again sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ga. Case No. 18-63874) on Aug. 17, 2018.  In the
petition signed by Michael Ray, president, the Debtor disclosed
$1,701,329 in assets and $1,541,335 in liabilities.

The Debtor engaged The Falcone Law Firm, P.C., as its legal
counsel, and MD Real Estate Partners, Inc., d/b/a Cobblestone
Retail Group and agent Michele Del Monaco to market and sell the
real property located at 1002 Canton Street, Roswell, GA.  


TLC RESIDENTIAL: Trustee Hires Rincon Law as Counsel
----------------------------------------------------
Janina M. Hoskins, Trustee of TLC Residential, Inc., seeks approval
from the U.S. Bankruptcy Court for the Northern District of
California to retain Rincon Law, LLP, as her counsel.

Services required of Rincon Law are:

     (a) assist and advise the Trustee regarding her duties under
11 U.S.C. Sec. 1106;

     (b) assist and advise the Trustee regarding her report and
recommendation under 11 U.S.C. Sec. 1106(a)(5) and, if advisable,
assist in the formulation and filing of a Chapter 11 plan;

     (c) assist and advise the Trustee regarding cash collateral
issues;

     (d) assist and advise the Trustee in the investigation,
collection, and (if appropriate) liquidation of assets of the
estate;

     (e) assist and advise the Trustee regarding any transfers that
may be avoidable under the provisions of the Bankruptcy Code;

     (f) represent the Trustee in litigation she determines is
necessary;

     (g) if the Trustee requests, assist the Trustee in the
objection to claims; and

     (h) attend Court hearings as necessary.

Current hourly rates charged by attorneys at Rincon Law, LLP are:

         Charles P. Maher      $550
         Gregg S. Kleiner      $550
         Jeffrey L. Fillerup   $550

Charles P. Maher, a partner at the law firm Rincon Law, assures the
Court that Rincon is a disinterested person in this case as the
term is defined in Section 101(14) of the Bankruptcy Code, and
neither holds nor represents any interest adverse to the estate.

The Counsel can be reached through:

        Charles P. Maher, Esq.
        RINCON LAW, LLP
        268 Bush Street, Suite 3335
        San Francisco, CA 94104
        Tel: 415-996-8280
        Fax: 415-680-1712
        E-mail: cmaher@rinconlawllp.com

                    About TLC Residential

TLC Residential, Inc., provides sober living homes and transitional
housing for people with substance use disorder disabilities.  It is
headquartered in San Francisco, California.

TLC Residential sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Cal. Case No. 18-30571) on May 23,
2018.  In the petition signed by Francisco Montero, president, the
Debtor estimated assets of less than $50,000 and liabilities of $1
million to $10 million.  Judge Hannah L. Blumenstiel presides over
the case.


TLC RESIDENTIAL: Trustee Taps Kokjer Pierotti as Accountant
-----------------------------------------------------------
Janina M. Hoskins, trustee of TLC Residential, Inc., seeks approval
from the U.S. Bankruptcy Court for the Northern District of
California to hire Kokjer, Pierotti, Maiocco & Duck LLP, Certified
Public Accountants, as her accountant.

The professional services the accountant will render are:

     a. prepare and file tax returns;

     b. prepare tax projections and tax analysis;

     c. analyze tax claims filed in the case;

     d. analyze the tax impact of potential transactions; to
analyze as to avoidance issues, if necessary;

     e. testify as to avoidance issues;

     f. prepare a solvency analysis;

     g. prepare wage claim withholding computations and payroll tax
returns; and

     h. serve as Trustee's general accountant and to consult with
the Trustee and the Trustee's counsel as to those matters.

The firm's hourly rates are:

     Richard Pierotti               $450
     Senior Manager                 $330
     Senior Accountant              $295
     Senior Staff Accountant        $265
     Staff Accountant           $215 to $230

Richard Pierotti, CPA, principal of the accounting firm of Kokjer,
Pierotti, Maiocco & Duck LLP, attests that he and his staff are
disinterested persons within the meaning of 11 U.S.C. Section
101(14).

The accountant can be reached through:

     Richad Pierotti
     KOKJER PIEROTTI MAIOCCO & DUCK LLP
     333 Pine Street, 5th Floor
     San Francisco, CA
     Tel: (415) 981-4224

                     About TLC Residential

TLC Residential, Inc., provides sober living homes and transitional
housing for people with substance use disorder disabilities.  It is
headquartered in San Francisco, California.

TLC Residential sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Cal. Case No. 18-30571) on May 23,
2018.  In the petition signed by Francisco Montero, president, the
Debtor estimated assets of less than $50,000 and liabilities of $1
million to $10 million.  

Judge Hannah L. Blumenstiel presides over the case.


TM VILLAGE: Hires Wayne Farrar as Accountant
--------------------------------------------
TM Village, Ltd., seeks authority from the United States Bankruptcy
Court for the Northern District of Texas (Dallas) to hire Wayne
Farrar, CFP, CPA, LLC, to prepare all tax returns required of the
Debtor.

Wayne Farrar's fee for the entity tax returns and reconciliation of
books is $4,425.

Wayne Farrar assures the Court the he is a disinterested person as
defined in 11 U.S.C. Sec. 101(14).

The accountant can be reached through:

     Wayne Farrar, CFP, CPA
     Wayne Farrar, CFP, CPA, LLC
     12121 Tacoma Ridge Drive
     Fort Worth, TX 76244
     Phone: (817) 337-7879

                    About TM Village, Ltd.

TM Village, Ltd. filed as a Domestic Limited Partnership in the
State of Texas on Oct. 16, 2014, according to public records filed
with Texas Secretary of State.

TM Village commenced a Chapter 11 proceeding (Bankr. N.D. Tex. Case
No. 18-32770) on Aug. 22, 2018.  The petition was signed by John
Chong, president and general partner.  The Debtor estimated $50,000
in assets and $1 million to $10 million in liabilities.  Thomas
Craig Sheils, Esq., and Mark Douglas Winnubst, Esq., at Sheils
Winnubst PC, serve as the Debtor's counsel.


TMST INC: Trustee Taps Grant Thornton LLP as Financial Advisor
--------------------------------------------------------------
Joel I. Sher, the Chapter 11 Trustee of TMST, Inc., f/k/a Thornburg
Mortgage, Inc. and its debtor-affiliates, seeks authority from the
US Bankruptcy Court for the District of Maryland, Baltimore
Division, to hire Grant Thornton LLP as financial advisor for the
Trustee nunc pro tunc to Aug. 30, 2018.

Services required of the advisor are:

     a. analyze the Company's remaining assets and supporting the
Trustee with the wind-down efforts of the bankruptcy estate,
including claims reconciliation, to maximize the value of the
assets to the various stakeholders;

     b. assist in preparing reports as required by the Bankruptcy
Court and requested by the Trustee;

     c. assist the Trustee with developing a Plan of
Reorganization/Liquidation as required;

     d. review and assess the impact of NOLs and other tax
attributes as part of the bankruptcy exit strategy;

     e. assist the Trustee in communicating with and respond to
information requests made by creditors, lenders, and other
stakeholders;

     f. provide additional services that the Trustee may reasonably
request, except for litigation support and testimony which will not
be provided by Grant Thornton;

     g. provide additional services as requested from time to time
by the Trustee and agreed to by Grant Thornton.

Grant Thornton will charge the Trustee for its services on an
hourly basis in accordance with its ordinary and customary rates
subject to a voluntary 10% discount, which are in effect on the
date the services are rendered, subject to periodic adjustment.

Grant Thornton that the current hourly rates are:

                           Standard        Voluntary
                         Hourly Rates    10% Discount  
                         ------------    ------------
Partner/Principal/
  Managing Director       $800 - $870     $720 - $783
Senior Manager/Director      $710             $639
Manager                   $590 - $620     $531 - $558
Senior Associate          $410 - $470     $369 - $423
Associate                 $300 - $320     $270 - $288
Para-professional            $220             $198

Richard Vanderbeek Jr., managing director of Grant Thornton,
attests that the firm is a "disinterested person" as that term is
defined in Sec. 101(14) of the Bankruptcy Code.

The advisor can be reached through:

     Richard Vanderbeek Jr.
     GRANT THORTON LLP
     757 Third Avenue, 9th Floor
     New York, NY 10017-2013
     Tel: (212) 599-0100
     Fax: (212) 370-4520
     Email: Rob.Vanderbeek@us.gt.com

                   About Thornburg Mortgage

Based in Santa Fe, New Mexico, Thornburg Mortgage Inc. (NYSE: TMA)
-- http://www.thornburgmortgage.com/-- was a single-family
residential mortgage lender focused principally on prime and
super-prime borrowers seeking jumbo and super-jumbo adjustable rate
mortgages.  It originated, acquired, and retained investments in
adjustable and variable rate mortgage assets.  Its ARM assets
comprised of purchased ARM assets and ARM loans, including
traditional ARM assets and hybrid ARM assets.

Thornburg Mortgage and its four affiliates filed for Chapter 11
bankruptcy (Bankr. D. Md. Lead Case No. 09-17787) on May 1, 2009.
Thornburg changed its name to TMST, Inc.

Judge Duncan W. Keir is handling the case.  David E. Rice, Esq., at
Venable LLP, in Baltimore, Maryland, served as counsel to Thornburg
Mortgage.  Orrick, Herrington & Sutcliffe LLP served as special
counsel.  Jim Murray and David Hilty of Houlihan Lokey Howard &
Zukin Capital, Inc., served as investment banker and financial
advisor.  Protiviti Inc. served as financial advisory services.
KPMG LLP served as the tax consultant.  Epiq Systems, Inc., serves
claims and noticing agent.  Thornburg disclosed total assets of
$24.4 billion and total debts of $24.7 billion, as of Jan. 31,
2009.

On Oct. 28, 2009, the Court approved the appointment of Joel I.
Sher as the Chapter 11 Trustee for the Company, TMST Acquisition
Subsidiary, Inc., TMST Home Loans, Inc., and TMST Hedging
Strategies, Inc.  He is represented by his firm, Shapiro Sher
Guinot & Sandler.


TOYS R US: Seeks IP Rights Sale to Lenders & Plans Brand Relaunch
-----------------------------------------------------------------
BankruptcyData.com reported that Toys "R" Us notified the Court of
its intention to cancel its scheduled intellectual property auction
and contemplated new, operating Toys "R" Us and Babies "R" Us
branding company.

BankruptcyData noted that the Debtors explain, "On June 28, 2018,
the Court entered the Order (I) Amending the U.S. Intellectual
Property Bidding Procedures Order to Include International
Intellectual Property Assets and Extend the Sale Timeline and (II)
Granting Related Relief (the 'IP Bidding Procedures Amendment
Order'), amending the U.S. Intellectual Property Bidding Procedures
Order to include certain additional intellectual property assets
notwithstanding the receipt of Qualified Bids for certain of the
Intellectual Property Assets, the Debtors have determined, in
consultation with the Consultation Parties, to cancel the
Intellectual Property Auction and reorganize Debtor Geoffrey
pursuant to the Second Amended Chapter 11 Plans of Toys Delaware
Debtors and Geoffrey Debtors (the 'Plan'), which Plan, among other
things, contemplates a new, operating Toys "R" Us and Babies "R" Us
branding company that maintains existing global license agreements
and can invest in and create new, domestic, retail operating
businesses under the Toys "R" Us and Babies "R" Us names, as well
as expand its international presence and further develop its
private brands business. The Selling Debtors, in consultation with
the Consultation Parties, have determined that the Qualified Bids
were not reasonably likely to yield a superior alternative to the
Plan, including with respect to: (i) the probable economic recovery
to creditors of the Selling Debtors' estates; and (ii) the benefits
to other direct and indirect stakeholders of maintaining the Toys
"R" Us and Babies "R" Us brands under a newly-established,
independent U.S. business, including, without limitation, expected
expansion of employment opportunities for workers and merchandising
opportunities for toy and other vendors."

          Details on Sale of IP Rights to Secured Lenders

In a subsequent report, BankruptcyData related that Geoffrey, LLC,
Toys "R" Us, Inc.'s intellectual property holding company
subsidiary, announced that it was proceeding with a proposal
forward to sell substantially all of its assets to a group of
investors led by Geoffrey, LLC's existing secured lenders.

The press release states, "The announcement was made following a
five month marketing effort by Boston-based Consensus, an
investment bank retained to market the assets of Geoffrey, LLC,
that resulted in several formal and informal proposals to acquire
the intellectual property assets. After considering such proposals,
it was determined that the proposal from the existing term lenders
was meaningfully higher and better than any other global bid or the
sum of the bids received on individual assets. The transition of
the business to its new owners is pending approval of the United
States Bankruptcy Court and all major creditor constituencies are
supportive. Geoffrey, LLC, as reorganized, will control a portfolio
of intellectual property that includes trademarks, ecommerce assets
and data associated with the Toys "R" Us and Babies "R" Us
businesses in the United States and all over the world, including a
portfolio of over 20 well-known toy and baby brands such as
Imaginarium, Koala Baby, Fastlane and Journey Girls. The
reorganized company will own rights to the Toys "R" Us and Babies
"R" Us brands in all markets globally, with the exception of
Canada. It will also become the licensor of the brands to the
company's existing network of franchisees operating in countries
across Asia, Europe and the Middle East, and in South Africa. In
addition to continuing to service these markets, the new owners are
actively working with potential partners to develop ideas for new
Toys "R" Us and Babies "R" Us stores in the United States and
abroad that could bring back these iconic brands in a new and
re-imagined way."

           About Toys "R" Us Property Company I

Toys "R" Us, Inc., was an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area. Merchandise was sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise was also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts, and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
U.S. Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
were not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel. Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent. Consensus Advisory Services LLC and
Consensus Securities LLC, serve as sale process investment banker.
A&G Realty Partners, LLC, serves as its real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors. The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C., as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.

                      Toys "R" Us UK

Toys "R" Us Limited, Toys "R" Us, Inc.'s UK arm with 105 stores and
3,000 employees, was sent into administration in the United Kingdom
in February 2018.

Arron Kendall and Simon Thomas of Moorfields Advisory Limited, 88
Wood Street, London, EC2V 7QF were appointed Joint Administrators
on Feb. 28, 2018. The Administrators now manage the affairs,
business and property of the Company.  The Administrators act as
agents only and without personal liability.

The Administrators said they will make every effort to secure a
buyer for all or part of the business.

                     Liquidation of U.S. Stores

Toys "R" Us, Inc., on March 15, 2018, filed with the U.S.
Bankruptcy Court a motion seeking Bankruptcy Court approval to
start the process of conducting an orderly wind-down of its U.S.
business and liquidation of inventory in all 735 of the Company's
U.S. stores, including stores in Puerto Rico.

                         Propco I Debtors

Toys "R" Us Property Company I, LLC and its subsidiaries own fee
and leasehold interests in more than 300 properties in the United
States.  The Debtors lease the properties on a triple-net basis
under a master lease to Toys-Delaware, the operating entity for all
of TRU's North American businesses, which operates the majority of
the properties as Toys "R" Us stores, Babies "R" Us stores or
side-by-side stores, or subleases them to alternative retailers.

Toys "R" Us Property was founded in 2005 and is headquartered in
Wayne, New Jersey. Toys 'R' Us Property operates as a subsidiary of
Toys "R" Us Inc.

Company LLC, MAP Real Estate LLC, TRU 2005 RE I LLC, TRU 2005 RE II
Trust, and Wayne Real Estate Company LLC -- Propco I Debtors --
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Va. Lead Case No. 18-31429) on March 20, 2018.  The Propco I
Debtors sought and obtained procedural consolidation and joint
administration of their Chapter 11 cases, separate from the Toys
"R" Us Debtors' Chapter 11 cases.

The Propco I Debtors estimated assets of $500 million to $1 billion
and liabilities of $500 million to $1 billion.

Judge Keith L. Phillips presides over the Propco I Debtors' cases.

The Propco I Debtors hired Klehr Harrison Harvey Branzburg, LLP;
and Crowley, Liberatore, Ryan & Brogan, P.C., as co-counsel.  The
Debtors also tapped Kutak Rock LLP. They hired Goldin Associates,
LLC, as financial advisors.


UNITED INTERNATIONAL: Taps Resnik Hayes as Bankruptcy Counsel
-------------------------------------------------------------
United International Mortgage Solutions, Inc., seeks authority from
the United States Bankruptcy Court for the Central District of
California (Los Angeles) to employ Resnik Hayes Moradi LLP as its
general bankruptcy counsel.

Services Resnik Hayes will render are:

     a. advice and assistance regarding compliance with the
requirements of the United States Trustee;

     b. advice regarding matters of bankruptcy law, including the
rights and remedies of the Debtor in regard to its assets and with
respect to the claims of creditors;

     c. advice regarding cash collateral matters;

     d. conduct examinations of witnesses, claimants or adverse
parties and to prepare and assist in the preparation of reports,
accounts and pleadings;

     e. advice concerning the requirements of the Bankruptcy Code
and applicable rules;

     f. assist with the negotiation, formulation, confirmation and
implementation of a Chapter 11 plan of reorganization; and

     g. make any appearances in the Bankruptcy Court on behalf of
the Debtor; and

     h. take such other action and to perform such other services
as the Debtor may require.

Resnik's billing rates for 2018 are:

     M. Jonathan Hayes         Partner       $485
     Matthew Resnik            Partner       $450
     Roksana Moradi-Brovia     Partner       $385
     Russell Stong             Associate     $325
     David Kritzer             Associate     $325
     Pardis Akhavan            Associate     $185
     Rosario Zubia             Paralegal     $135
     Priscilla Bueno           Paralegal     $135
     Rebeca Benitez            Paralegal     $135

Roksana D, Moradi-Brovia, Esq., partner at Resnik Hayes Moradi LLP,
attests that he and his firm are "disinterested persons" within the
meaning of 11 U.S.C. Sec. 101.

The firm can be reached through:

     Matthew D. Resnik, Esq.
     Roksana D. Moradi-Brovia, Esq.
     RESNIK HAYES MORADI LLP
     15233 Ventura Blvd., Suite 250
     Sherman Oaks, CA 91403
     Tel: (818) 783-6251
     Fax: (818) 827-4919
     E-mail: roksana@SRHLawFirm.com
             matthew@SRHLawFirm.com
             
                 About United International

United International Mortgage Solutions, Inc., is a privately held
financial services company in Los Angeles, California.

United International filed a Chapter 11 Petition (Bankr. C.D. Cal.
Case No. 18-20698) on Sept. 12, 2018.  On the petition signed by
Sandra K. McBeth, vice president, the Debtor estimated $1 million
to $10 million in assets and liabilities.  The case is assigned to
Judge Sandra R. Klein.  Matthew D. Resnik, Esq., at Resnik Hayes
Moradi LLP, is the Debtor's counsel.



URBAN OAKS: Taps Boyle & Leonard as Insurance Coverage Counsel
--------------------------------------------------------------
Urban Oaks Builders LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire Boyle & Leonard,
P.A., as special insurance coverage counsel to represent it in the
Coverage Litigation.

B&L has provided extensive prepetition services to the Debtor in
connection with the ongoing insurance coverage litigation case,
which arises from the pending construction defect case (Southstar
Capital Group I, LLC, et. al. v. 1662 Multifamily LLC, et. al.,
Case No. 2018-CA-000415 in the Circuit Court of the Ninth Judicial
Circuit in and for Osceola County, Florida).

B&L's hourly rates are:

     Mark A. Boyle            $605
     Molly Chafe Brockmeyer   $375
     Justin M. Thomas         $375

Mark A. Boyle, managing shareholder in the law firm of Boyle &
Leonard, P.A., attests that B&L does not hold or represent an
interest adverse to the Debtor or its estate with respect to the
matters on which B&L is to be employed.

The counsel can be reached through:

     Mark A. Boyle, Esq.
     BOYLE & LEONARD, P.A.
     2050 McGregor Boulevard
     Fort Myers, FL 33901
     Tel: 239-337-1303
     Fax: 239-337-7674

                  About Urban Oaks Builders

Urban Oaks Builders LLC is a privately-held company that provides
residential building construction services.

Urban Oaks Builders sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 18-34892) on Aug. 31,
2018.  In the petition signed by Todd Hagood, vice-president, the
Debtor estimated assets of $10 million to $50 million and
liabilities of $50 million to $100 million.  

Judge Marvin Isgur presides over the case.  The Debtor tapped Okin
Adams LLP as its bankruptcy counsel; Baker Botts LLP as special
litigation counsel; and Stout Risius Ross, LLC as financial
advisor.


VIRTU FINANCIAL: Fitch Affirms BB- LT IDR, Outlook Stable
---------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings
(IDRs) of Virtu Financial LLC (Virtu) and VFH Parent LLC (VFH), a
debt issuing subsidiary of Virtu, at 'BB-'. The Rating Outlook is
Stable.

In addition, Fitch has affirmed VFH's senior secured term loan and
second lien notes at 'BB-' and 'B+', respectively, which were
issued in connection with the firm's acquisition of KCG Holdings
Inc. (KCG) in July 2017.

KEY RATING DRIVERS - IDR and SENIOR DEBT

The affirmation of Virtu's ratings reflect its established market
position as a technology-driven market maker across various venues,
geographies and products, which was further enhanced by the
acquisition of KCG in July 2017, good historic operating
performance, scalable business model, experienced management team,
and strong execution against financial objectives with respect to
the KCG acquisition. Fitch believes that Virtu's market-neutral
trading strategies in highly liquid products and extremely short
holding periods minimize market and liquidity risks. Additionally,
the firm's risk controls are believed to be robust, as evidenced by
minimal instances of material historical operational losses.

Fitch believes the acquisition of KCG, which closed on July 20,
2017, strategically benefitted the company, leveraging Virtu's
technology with KCG's established access to retail order flow and
institutional agency business. Increased scale and improved
profitability also enhanced Virtu's ability to withstand
competitive pressures in the industry.

The ratings are constrained by elevated operational risk inherent
in technology-driven trading, reliance on volatile transactional
revenue and potential competitive threats arising from evolving
market structures and technologies. Other rating constraints
include a relatively limited funding and liquidity profile, given
the firm's reliance on short-term secured funding facilities, an
elevated payout ratio and a moderate level of key-man risk
associated with the firm's co-founders, whose departures could
affect Virtu's franchise and long-term strategic direction.

Virtu's leverage on a gross debt-to-adjusted EBITDA basis has
decreased substantially since the KCG acquisition, amounting to
1.9x for the TTM ended June 30, 2018, pro forma for the $115
million debt prepayments in 3Q18, down from 5.7x at end-2017,
helped by the repayment of $500 million in debt year to date and
the realization of about $286 million in total run rate expense
synergies. Sources of debt repayment included operating cash flow
and $276 million in proceeds from the sale of the BondPoint
platform to the Intercontinental Exchange, Inc. Current leverage
levels are lower than initially anticipated by management
(projected 2.5x by year-end 2019), therefore, Virtu has decided to
deploy excess capital to repurchase about $40 million worth of its
common shares. The company has articulated a long-term leverage
level of about 2.0x on a gross debt/adjusted EBITDA basis, which is
strong relative to Fitch's 'bb' category quantitative benchmark
range for balance sheet light securities firms of 2.5x to 3.5x.
Fitch would view a consistently conservative leverage profile
favorably.

Virtu has historically demonstrated strong earnings performance, as
reflected in adjusted EBITDA margins averaging 37.4% from
2014-2017, driven by efficient trading technology and a scalable
business model. EBITDA has been adjusted for non-cash compensation
and other non-recurring charges, including gain on the sale of
BondPoint. Operating margins were been under pressure in 2017 due
to a challenging trading environment with historically low
volatility, but margins rebounded in the TTM ended June 30, 2018,
to 32.3%, underpinned by strong 1Q18 earnings, resulting from a
temporary spike in equity markets volatility during the quarter.
Earnings margins are expected to improve as additional synergies
are realized from the acquisition but could still be challenged if
the current difficult trading environment persists. Nevertheless,
Fitch expects margins to remain strong relative to Fitch's 'bb'
quantitative benchmark for securities firms with low balance sheet
usage of 5%-10%.

Virtu's funding profile is limited and predominantly secured. After
the re-pricing and prepayment of the term loan on Sept. 19, 2018
corporate debt, used primarily to fund acquisitions, consists of a
$400 million secured term loan due in December 2021 and $500
million of secured second lien notes due June 2022. Operating
activities, including the purchase and settlement of securities, as
well as margin deposits at prime brokers and clearing houses are
funded with short-term financing facilities, collateralized by the
firm's trading accounts. The risks of confidence-sensitive funding
are counterbalanced by the liquid and predominantly short-term
nature of the securities inventory. Additionally, the firm had
about $660 million in cash and cash equivalents to support its
trading and corporate operations at June 30, 2018.

The Stable Outlook reflects Fitch's expectations for strong
execution on the integration of KCG, and continued realizations of
expense synergies allowing for higher margins and additional
financial flexibility over the Outlook horizon. The Outlook also
reflects the belief that Virtu will maintain its low market-risk
profile, consistent management team, and strong leverage and
liquidity levels.

VFH is a wholly-owned subsidiary of Virtu and a guarantor of VFH's
debt, and as such, VFH's ratings are aligned with those of Virtu.

The secured term loan rating is equalized with VFH's IDR,
reflecting Fitch's expectation of average recovery prospects for
the debt class under a stress scenario.

The second lien note rating of 'B+' is one notch lower than VFH's
IDR and senior secured term loan ratings, reflecting the notes'
subordinated position behind the senior secured term loan, and,
therefore, higher loss severity potential under a stress scenario.

RATING SENSITIVITIES

Positive rating action, though likely limited to the 'BB' rating
category, given the significant operational risk inherent in
technology-driven trading, could be driven by a more clearly
articulated operating and financial strategy. Upward rating
momentum could also be supported by consistent operating
performance and minimal operational losses over a longer period of
time while maintaining cash flow leverage at-or-below 2.0x on a
gross debt/adjusted EBITDA basis. A higher proportion of income
derived from non-transactional revenue, such as service contracts
(improved to 12% for the TTM 2Q18 from less than 3% of revenue
prior to KCG acquisition), increased funding flexibility, including
demonstrated access to third party funding through market cycles,
could also contribute to positive rating momentum.

Negative rating actions could result from material operational or
risk management failures, adverse regulatory or legal actions,
failure to maintain Virtu's market position in the face of evolving
market structures and technologies, and/or a material shift into
trading less liquid products. A sustained increase in leverage
above 2.5x on a gross debt to EBITDA basis could also pressure the
ratings.

The secured debt rating is equalized with VFH's IDR and would be
expected to move in tandem.

The rating on the second-lien notes is one notch lower than VFH's
IDR and would be expected to move in tandem.

Fitch has affirmed the following ratings:

Virtu Financial LLC

  -- Long-term IDR at 'BB-'; Outlook Stable.

VFH Parent LLC

  -- Long-term IDR at 'BB-'; Outlook Stable.

  -- Senior secured rating for term loan at 'BB-'.

  -- Senior second lien notes at 'B+'.


W RESOURCES: Can Sell Warren Peak Ranch, Nov. 15 Auction Set
------------------------------------------------------------
BankruptcyData.com reported that the Court hearing the W Resources'
case authorized the Debtor (i) to sell its Warren Peak Ranch
property in Montana and (ii) employ Hall and Hall Partners as
brokers & auctioneers. The order states, "The Debtor is authorized
to enter into a pre-auction purchase agreement for the entirety of
the Property with a purchase price of at least $10,315,000, with at
least $580,000 of the gross purchase price allocated to the Ranch
House, a break-up fee of $100,000 and other terms acceptable to the
Debtor, in consultation with all holders of secured claims against
all or a portion of the Property allowed under 11 U.S.C. section
502 (a 'Stalking Horse Agreement'), should it deem advisable in the
exercise of its business judgment." An auction date was set for
November 15, 2018.   

BankruptcyData previously related that "The Warren Peak Ranch is
comprised of three tracts of land and improvements: (a) the 'Lord
Ranch' tract, with roughly 2,690 deeded acres, (b) the 'Buchanan
Ranch' tract with roughly 3,058 deeded acres, and (c) the 'Ranch
House' tract with less than 40 acres and a residence. The Debtor
seeks authority to enter into a pre-auction purchase agreement with
purchase price of $10,250,000, comprised of a deposit of $250,000;
and break-up fee of $100,000 and on other terms acceptable to the
Debtor (a 'Stalking Horse Agreement'). With the purchase price to
be allocated as $600,000 to the Ranch Property and $9,650,000 to
the Lord and Buchanan Ranch tracts. Hall and Hall has aggressively
marketed the property and, at the request of management, steadily
reduced the asking price from in excess of $13 million to $11.5
million. At a price of $11.5 million, the Purchased Assets
generated significant attention, leading to this motion."

                      About W Resources

W Resources, LLC, is a privately-owned company in Baton Rouge,
Louisiana, engaged in activities related to real estate.  It is a
holding company with a diverse set of raw and recreational land,
farming and hunting operations, an aircraft hangar, oil and gas
interests, and equity-based interests.

W Resources sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. La. Case No. 18-10798) on July 23, 2018.  In the
petition signed by Dwayne M. Murray, Chapter 11 trustee for Michael
Worley, manager, the Debtor estimated assets and liabilities of $50
million to $100 million.

The Debtor hired Stewart Robbins & Brown, LLC, as its legal
counsel.  Horne LLP serves as accountant.

Hall and Hall Partners, LLP is appointed as brokers and
auctioneers.


WASHINGTON MUTUAL: 3rd Cir. Affirms Dismissal of N. Youkelsone Suit
-------------------------------------------------------------------
Nadia Youkelsone in the case captioned NADIA YOUKELSONE, Appellant,
v. WASHINGTON MUTUAL, INC., No. 17-2360 (3rd Cir.) appeals from the
District Court's order affirming the Bankruptcy Court's dismissal
of her adversary complaint against Washington Mutual, Inc. The
United States Court of Appeals, Third Circuit affirms the District
Court's order affirming the Bankruptcy Court's dismissal of
Youkelsone's complaint.

Youkelsone argues that the District Court erred by affirming the
dismissal of her economic duress, breach of contract, bad faith,
and deceptive practices claims on issue preclusion grounds. She
contends that those New York state law claims do not require her to
demonstrate that WMI owned the Mortgage. WMI urges that the Court
affirm the dismissal of those claims, and additionally argues that
issue preclusion bars the RPAPL section 1921(4) claim because that
claim too requires that WMI have owned the Mortgage at the time of
the foreclosure action. The Court agrees with WMI.

Like the District Court, the Court discerns "no error in the
Bankruptcy Court's conclusion that the respective claims were
barred by issue preclusion because ownership of the [M]ortgage . .
. is an essential element of each claim and it was previously
decided against Youkelsone." Youkelsone has not provided, and the
Court has not found, any authority to disturb the Bankruptcy
Court's ruling. Moreover, WMI is correct that RPAPL section 1921(4)
only holds a mortgagee liable to a borrower, and that the prior New
York state court decisions held that FNMA, not WMI, was the
mortgagee at the time of the foreclosure action.  Accordingly, the
Court affirms the dismissal of Youkelsone's economic duress, breach
of contract, bad faith, deceptive practices, and RPAPL claims.

Youkelsone also argues that the District Court erred by affirming
the Bankruptcy Court's conclusion that WMI could not be held
indirectly liable for the Bank's actions under Washington law.
Although she argued before the Bankruptcy Court and the District
Court that WMI could alternatively be held liable under three
distinct theories of indirect liability -- corporate disregard,
alter ego, and agency -- she argues no specific theory of indirect
liability on appeal. Instead, she relies on Cassese v. Washington
Mutual, Inc., which determined that a class action complaint
plausibly alleged that the Bank was "the alter-ego of WMI."  

The Court agrees with the District Court and Bankruptcy Court that
Youkelsone's complaint does not plausibly allege that the Bank was
the alter ego of WMI because the complaint "contained conclusory
allegations of law, unreasonable inferences or deductions of fact,
or threadbare recitals of the elements of alter ego that need not
be accepted as true."

The decision of the U.S. District Court for the Eastern District of
New York in Cassese does not alter that conclusion. That court
actually addressed the decision of the Bankruptcy Court in this
case, explaining that Youkelsone's complaint lacked the specific
allegations concerning WMI's "shared identity" with the Bank that
were alleged in the complaint being considered in Cassese. Although
the District Court here did not discuss the Cassese opinion, it
nonetheless rightly determined that Youkelsone's allegations lacked
the specificity required to survive WMI's motion to dismiss.
Accordingly, the Court affirms the dismissal of Youkelsone's unjust
enrichment and fraud claims.

A copy of the Court's Opinion dated Sept. 25, 2018 is available at
https://bit.ly/2y6v1u8 from Leagle.com.

                 About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- was the holding company for Washington
Mutual Bank as well as numerous non-bank subsidiaries.

Washington Mutual Bank was taken over on Sept. 25, 2008, by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  WaMu owned
100% of the equity in WMI Investment.

When WaMu filed for protection from its creditors, it disclosed
assets of $32,896,605,516 and debts of $8,167,022,695.  WMI
Investment estimated assets of $500 million to $1 billion with zero
debts.

WaMu was represented in the Chapter 11 case by Brian Rosen, Esq.,
at Weil, Gotshal & Manges LLP in New York City; Mark D. Collins,
Esq., at Richards, Layton & Finger P.A. in Wilmington, Del.; and
Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP.  The Debtor tapped Valuation
Research Corporation as valuation service provider for certain
assets.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Fled LLP in New
York, and David B. Stratton, Esq., at Pepper Hamilton LLP in
Wilmington, Del., represented the Official Committee of Unsecured
Creditors. Stephen D. Susman, Esq., at Susman Godfrey LLP and
William P. Bowden, Esq., at Ashby & Geddes, P.A., represented the
Equity Committee.  The official committee of equity security
holders also tapped BDO USA as its tax advisor.  Stacey R.
Friedman, Esq., at Sullivan & Cromwell LLP and Adam G. Landis,
Esq., at Landis Rath & Cobb LLP in Wilmington, Del., represented
JPMorgan Chase, which acquired the WaMu bank unit's assets prior to
the Petition Date.

Records filed Jan. 24, 2012, say that Washington Mutual Inc.,
former owner of the biggest U.S. bank to fail, has spent $232.8
million on bankruptcy professionals since filing its Chapter 11
case in September 2008.

As reported in the Troubled Company Reporter on March 21, 2012, the
Debtors disclosed that their Seventh Amended Joint Plan of
Affiliated Debtors, as modified, and as confirmed by order, dated
Feb. 23, 2012, became effective, marking the successful completion
of the Chapter 11 restructuring process.


WELBILT INC: S&P Puts 'BB-' Issuer Credit Rating on Watch Neg.
--------------------------------------------------------------
S&P Global Ratings placed all of its ratings, including the 'BB-'
issuer credit rating, on New Port Richey, Fla.-based Welbilt Inc.
on CreditWatch with negative implications.

S&P said, "At the same time, we assigned our 'BB-' issue-level
rating and and '3' recovery rating to the company's proposed senior
secured credit facility, which consists of a $400 million revolving
credit facility due 2023 and $900 million term loan B due 2025. The
'3' recovery rating indicates our expectation for meaningful
recovery (50-70%; rounded estimate: 50%) in the event of a payment
default."

The CreditWatch with negative implications reflects the contraction
of the cushion under the leverage covenant on Welbilt's senior
secured credit facility. The cushion under the leverage covenant
declined to just under 5% at June 30, 2018, due to step-downs on
the leverage covenant, the acquisition of Crem in April 2018, and
higher than expected raw material and freight costs.

S&P said, "We could lower our ratings on Welbilt if the company is
unable to obtain covenant relief through the proposed refinancing
or through an amendment to its existing credit agreement in the
next 90 days. We expect the company will have very limited cushion
under its leverage covenant in the third and fourth quarter of 2018
and could potentially breach the leverage covenant unless the
covenant level is amended. If we believe that a breach of the
company's leverage or interest coverage covenant is likely, and the
company will be unable to obtain relief through an amendment or
waiver, we could lower our issuer credit rating on Welbilt by
multiple notches.

"We could consider removing our ratings on Welbilt from CreditWatch
and assigning a stable outlook if the company increases its
covenant headroom to at least 15% through the proposed refinancing
transaction or by amending its existing senior secured facility's
credit agreement and we expected the company to maintain at least
15% headroom over the next 12 months."



WESTMORELAND COAL: Case Summary & 50 Largest Unsecured Creditors
----------------------------------------------------------------
Thirty-seven affiliated companies that have simultaneously filed
voluntary petitions seeking relief under Chapter 11 of the
Bankruptcy Code:

     Debtor                                             Case No.
     ------                                             --------
     Westmoreland Coal Company (Lead Case)              18-35672
     9540 South Maroon Circle, Suite 300
     Englewood, CO 80112

     Westmoreland Texas Jewett Coal Company             18-35671
     Absaloka Coal, LLC                                 18-35673
     Basin Resources, Inc.                              18-35674
     Buckingham Coal Company, LLC                       18-35675
     Dakota Westmoreland Corporation                    18-35676
     Daron Coal Company, LLC                            18-35677
     Harrison Resources, LLC                            18-35678
     Haystak Coal Company                               18-35679
     Oxford Conesville, LLC                             18-35680
     Oxford Mining Company - Kentucky, LLC              18-35681
     Oxford Mining Company, LLC                         18-35682
     San Juan Transportation Company                    18-35683
     San Juan Coal Company                              18-35684
     Texas Westmoreland Coal Company                    18-35685
     WCC Land Holding Company, Inc.                     18-35686
     WEI - Roanake Valley, Inc.                         18-35687
     Western Energy Company                             18-35688
     Westmoreland Coal Company Asset Corp.              18-35689
     Westmoreland Coal Sales Company, Inc.              18-35690
     Coal Westmoreland Energy Services New York, Inc.   18-35691
     Westmoreland Energy Services, Inc.                 18-35693
     Westmoreland Energy, LLC                           18-35694
     Westmoreland Kemmerer Coal Holdings, LLC           18-35695
     Westmoreland Kemmerer, LLC                         18-35696
     Westmoreland Mining LLC                            18-35697
     Westmoreland North Carolina Power, LLC             18-35698
     Westmoreland Partners                              18-35700
     Westmoreland Power, Inc.                           18-35701
     Westmoreland Resource Partners, LP                 18-35702
     Westmoreland Resources GP, LLC                     18-35703
     Westmopreland Resources, Inc.                      18-35704
     Westmoreland San Juan Holdings, Inc.               18-35705
     Westmoreland San Juan, LLC                         18-35706
     Westmoreland Savage Corporation                    18-35707
     Westmoreland - Roanoke Valley, LP                  18-35708
     WRI Partners, Inc.                                 18-35709

Business Description: Westmoreland Coal Company --
                      http://www.westmoreland.com-- is an
                      independent coal company based in
                      Englewood, Colorado.  The Debtors produce
                      and sell thermal coal primarily to
                      investment grade power plants under long-
                      term, cost-protected contracts, as well as
                      to industrial customers and  barbeque
                      charcoal manufacturers.  The Debtors
                      focus on acquiring thermal coal reserves
                      that they can efficiently mine with their
                      large-scale equipment.  The Debtors'
                      operating assets are comprised of wholly
                      owned mines located in Montana, North
                      Dakota, Texas, Ohio, and New Mexico.  The
                      majority of the mines in Ohio and the sole
                      mine in Wyoming are owned by Westmoreland
                      Resource Partners, LP or its subsidiaries.
                      The Debtors and their non-Debtor
                      subsidiaries employ 2,971 individuals.

Chapter 11 Petition Date: October 9, 2018

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. David R Jones

Debtors'
Co-Counsel:       Patricia B. Tomasco, Esq.
                  Matthew D. Cavenaugh, Esq.
                  Jennifer F. Wertz, Esq.
                  JACKSON WALKER L.L.P.
                  1401 McKinney Street, Suite 1900
                  Houston, Texas 77010
                  Tel: (713) 752-4200
                  Fax: (713) 752-4221
                  Email: ptomasco@jw.com
                         mcavenaugh@jw.com
                         jwertz@jw.com

Debtor's
Co-Counsel:       James H.M. Sprayregen, P.C.
                  Michael B. Slade, Esq.
                  Gregory F. Pesce, Esq.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  300 North LaSalle
                  Chicago, Illinois 60654
                  Tel: (312) 862-2000
                  Fax: (312) 862-2200
                  Email: james.sprayregen@kirkland.com
                         michael.slade@kirkland.com
                         gregory.pesce@kirkland.com

                     - and -

                  Edward O. Sassower, P.C.
                  Stephen E. Hessler, P.C.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  601 Lexington Avenue
                  New York, New York 10022
                  Tel: (212) 446-4800
                  Fax: (212) 446-4900
                  Email: edward.sassower@kirkland.com
                         stephen.hessler@kirkland.com

                    - and -

                  Anna G. Rotman, P.C.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  609 Main Street
                  Houston, Texas 77002
                  Tel: (713) 836-3600
                  Email: anna.rotman@kirkland.com

Debtors'
Financial
Advisor:           CENTERVIEW PARTNERS LLC

Debtors'
Restructuring
Advisor:           ALVAREZ & MARSAL NORTH AMERICA, LLC

Debtors'
Notice &
Claims Agent:      DONLIN, RECANO & COMPANY, INC.
                   https://www.donlinrecano.com/Clients/wcc/Index

Total Assets as of August 31, 2018: $770,455,520

Total Debts as of August 31, 2018: $1,431,617,093

The petitions were signed by Michael G. Hutchinson, chief executive
officer.

A full-text copy of Westmoreland Coal's petition is available at:

          http://bankrupt.com/misc/txsb18-35672.pdf

List of Debtors' 50 Largest Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount
   ------                           ---------------   ------------
Bureau of Indian Affairs                Royalties       $1,800,000
Department of the Interior
1849 C Street, N.W., MS-4606-MIB
Washington, DC 20240
Name: Hankie P. Ortiz,
Deputy Bureau Director
Tel: (202) 208-511
Fax: (202) 208-6334
Email: Hankie.Ortiz@Bia.gov

Ohio Cat                                Trade Debt      $1,476,431
3993 E. Royalton Rd.
Broadview Heights, OH 44147
Name: Ken Taylor, President
Tel: (440) 526-6200
Email: Ktaylor@Ohiocat.com

Kevin A. Paprzycki                       Severance      $1,156,800

Minerals Management Service              Royalties      $1,100,000
1849 C Street NW, Mail Stop 5134
Washington, DC 20240
Name: Timothy Calahan
Tel: (303) 231-3036
Email: Timothy.Calahan@Onrr.gov

Nelson Brothers Mining Service           Trade Debt       $992,331
820 Shades Creek Parkway, Suite 2000
Birmingham, AL 35209
Name: Tim Zeli, Director -
Direct Operations
Tel: (205) 802-5305
Fax: (205) 414-2900
Email: Tzeli@Nelbro.com

Tractor & Equipment Co.                  Trade Debt       $399,477
17035 W. Valley Hwy
Tukwila, WA 98188
Name: Tim May, Vice President & CFO
Tel: (425) 251-9829
Email: Tmay@Harnishgrp.com

Caterpillar Financial Services Corp      Trade Debt       $374,626
2120 West End Ave.
Nashville, TN 37203-0001
Name: David Thomas Walton, VP
Tel: (615) 341-1000
Email: Walton_David_T@Cat.com

Wampum Hardware Company                  Trade Debt       $362,269
636 Paden Road
New Galilee, PA 16141
Name: Jerry Davis
Tel: (724) 336-4501
Fax: (724) 336-3818
Email: Jdavis@Wampumhardware.com

Consol Mining Company, LLC                Royalties       $350,000
CNX Center
1000 Consol Energy Drive, Suite 100
Canonsburg, PA 15317-6506
Name: Mitesh Thakkar, Director
Tel: (724) 485-3300
Email: Miteshthakkar@Consolenergy.com

Land Services USA, Inc.                   Trade Debt      $318,654
1835 Market Street, Suite 420
Philadelphia, PA 19103
Name: M. Gordon Daniels,
Esq., Principal and Chief
Executive Officer
Tel: (215) 563-5468
Fax: (215) 568-8219
Email: gdaniels@lsutitle.com

M and C Transportation LLC                Trade Debt      $286,629
39830 Barnesville Bethesda Rd.,
Bethesda, OH 43719
Name: Jeffrey W Crum, President
Tel: (740) 484-4110

Conveyors & Equipment, Inc.               Trade Debt      $184,008
Email: Morrisonj@Conveyequip.com

GCR Tires & Service                       Trade Debt      $174,742

Cravat Coal Co.                            Royalties      $150,000

Wheeler Machinery Co.                     Trade Debt      $145,937

Silver Spur Conveyor                      Trade Debt      $144,140
Email: Silverspurbelt@Aol.com

Komatsu Financial                         Trade Debt      $110,769
Komatsu America Corp.
Email: Rschrader@Komatsuna.com

Columbus Equipment Co.                    Trade Debt      $108,341
Email: Zach@Columbusequipment.com

Montana-Dakota Utilities Co.              Trade Debt       $90,544

Rocky Mountain Power                      Trade Debt       $80,985
Email: Cindy.Crane@Pacificorp.com

Holland & Hart LLP                        Trade Debt       $79,831
Email: Mjmicheli@Hollandhart.com

Bowles Rice LLP                           Trade Debt       $76,812
Email: Pframpton@Bowlesrice.com

Honstein Oil And Distributing LLC         Trade Debt       $73,724
Email: Jason@Honsteinoil.com

Cincinnati Mine Machinery Co.             Trade Debt       $71,956
Email: Ron@Cinimine.com

Monsanto Company                          Trade Debt       $68,712

Minova USA Inc.                           Trade Debt       $66,227

Davis Graham & Stubbs                     Trade Debt       $63,751
Email: Debbie.Schoonover@Dgslaw.com

Cardwell Distributing, Inc.               Trade Debt       $60,867

Rhino Energy LLC                          Trade Debt       $54,601
Email: Rboone@Rhinolp.com

Lykins Energy Solutions                   Trade Debt       $54,374

Mesa Ready Mix Inc.                       Trade Debt       $52,098

Chromate Industrial                       Trade Debt       $52,000

Jennmar Corporation                       Trade Debt       $51,667
Email: Tcalandra@Jennmar.com

Holmes Limestone, Inc.                     Royalties       $50,000
   
Ohio Department of Natural Resources       Royalties       $50,000
   
Email: Email: Info@Ohiodnr.com

Mineral Trucking, Inc.                     Trade Debt      $48,184

Komatsu Southwest                          Trade Debt      $46,126

Wirerope Works, Inc.                       Trade Debt      $43,376

Mine Site Technologies USA Inc.            Trade Debt      $42,855
Email: L.Zenari@Mstglobal.com

William Albert, Inc.                       Trade Debt      $41,817
William.Albert@Williamalbert.com

Clearfork Trucking                         Trade Debt      $41,329

J & L Professional Sales Inc.              Trade Debt      $38,809

Acme Soil Remediation, Inc.                Trade Debt      $38,646

EKS&H LLP                                  Trade Debt      $38,513
Email: Jadams@Eksh.com

Halifax County Public Utilities            Trade Debt      $38,073
Email: Griffing@Halifaxnc.com

Imaginit (Rand Worldwide)                  Trade Debt      $37,645
Email: Lrychlack@Rand.com

Adobe Systems Inc.                         Trade Debt      $37,518
Email: Mgarret@Adobe.com

Michael Ramsey, Deceased, By and           Litigation Undetermined
Through His Personal Representative,
Donna Ramsey, on Behalf of the Estate
and Heirs of Michael Ramsey

Ohio Environmental Protection Agency       Litigation Undetermined
Email: Craig.Butler@epa.ohio.gov

Pension Benefit Guaranty Corporation         Pension  Undetermined
Email: Reeder.Thomas@pbgc.gov               Liability


[*] Platinum Group Bags TMA's "Turnaround of the Year" Award
------------------------------------------------------------
Platinum Group, a business advisory firm, received the national
"Turnaround of the Year" award by the Turnaround Management
Association (TMA) in Colorado Springs on Sept. 27, 2018.

The firm was recognized for its financial advisory work on behalf
of Christ's Household of Faith, Inc. (CHOF), a St. Paul-based
nonprofit.  This apostolic community of 470 members live in homes
owned by CHOF and work in various entities operated by CHOF,
providing residential remodeling and renovation services.

Hit by a revenue crisis during the 2008 recession, CHOF's board
retained Platinum Group to resolve financial issues when the
nonprofit's loan ended up in the hands of a distressed real estate
fund.  The loan's foreclosure threatened CHOF's survival.  As a
defense measure, a voluntary bankruptcy was filed to prevent the
loss of assets and businesses supporting its operations.

"After an extensive search process of more than 70 lending
institutions, we identified Choice Bank (formerly Venture Bank) as
a senior, secured lender to provide $7.5 million in financing to
cover the outstanding loan balance," according to Rod Peterson and
Pat Brennan, the lead Platinum advisors.  "A restructured financing
package included a subordinated note of $3 million.  The net result
was forgiveness of millions of dollars of debt owed to the previous
lender.  The restructured debt, finalized in 2017, is allowing CHOF
to thrive."

The national TMA award was the only one given in the nonprofit
category, shared with CHOF, Fredrikson & Byron for its legal
counsel and Choice Bank for its lending support.  The Midwest TMA
also recognized Platinum Group for this same work in 2017.

"Although no entity ever wants to go through such an unpleasant
experience, we are emerging from the restructure with a very
positive outlook," states Mark Alleman, CHOF's CFO.  "Platinum
Group took the time to listen and to understand the events that led
to our unique circumstance and then began an unrelenting quest to
find the financing we needed.  We are extremely grateful to
Platinum Group, especially Rod and Pat, for the assistance we
received.  Our community now has the opportunity to continue its
mission and to return to a normal business environment."

Founded in the early 1980s, Platinum Group
--http://www.thePlatinumGrp.com-- is one of the country's oldest
and largest turnaround management advisory firms.  It has advised
more than 1,400 privately held and family owned businesses in times
of growth, transition and crisis.


[*] The Deal Publishes Third Quarter 2018 M&A League Tables
-----------------------------------------------------------
The Deal, a business unit of TheStreet, Inc., on Oct. 1 published
its preliminary league tables for the third quarter of 2018,
highlighting the top global advisers involved in mergers and
acquisitions, bankruptcy, out-of-court restructuring, private
equity deals and life settlements.

The Q3 2018 rankings are available at:

                https://leaguetables.thedeal.com/

Taking the top spots for M&A are Kirkland & Ellis LLP, Goldman,
Sachs & Co. and Joele Frank, Wilkinson Brimmer Katcher.

"The M&A market cooled off in the third quarter after a blistering
start to 2018," notes David Marcus, senior writer for The Deal.
"There have been 279 U.S. deals of $100 million or more worth a
total of $368 billion since July 1.  On an annualized basis, those
numbers would still be the sixth-best year for U.S. M&A since 1995.
But the number of deals was the least in any quarter since the
start of last year, and Q3 dollar volume was 24% less than Q2."

Rankings include the names of lead M&A and/or corporate partners at
law firms who represented principals and investment advisers.  Only
deals involving a change of control at a target company with a
market value of $100 million or more are included, and only when a
key party involved is a U.S. company.  Unless the target is a
recognized stand-alone operating business, rankings will not
include asset sales, unit sales, sales of subsidiaries, spin-offs
or joint ventures.

Kirkland & Ellis LLP also leads the rankings on the Out-of-Court
League Table along with FTI Consulting, Inc. and Houlihan Lokey,
Inc.

"Higher oil and natural gas prices are not always enough to prevent
energy companies from launching restructuring outside of the
courtroom," noted Kirk O'Neil, associate editor of The Deal.
"Shopping mall retailers are still seeking to restructure out of
court to avoid Chapter 11, and predictions that pharmaceutical
companies would also seek out-of-court restructuring were
accurate."

The Deal's Out-of-Court Restructuring league tables are based on
distressed companies that have announced financial restructurings
for the full year of 2018, including all industries.  Minimum
requirements for inclusion include: announcement date between Jan.
1 and Dec. 31, 2018; at least one (1) piece of debt amount stated
(bond, note, loan, credit facility, etc.); credit facility security
(secured or unsecured); and name of the distressed company.  Roles
in the league tables will be: legal advisory, financial advisory
and other advisory (including Public Relations or Restructuring
Adviser).

The full rankings and company and individual profile details are
available at https://leaguetables.thedeal.com/

                         About The Deal

The Deal -- http://www.thedeal.com/-- provides actionable,
intraday coverage of mergers, acquisitions and all other changes in
corporate control to institutional investors, private equity, hedge
funds and the firms that serve them.  The Deal is a business unit
of TheStreet, Inc. (NASDAQ: TST) -- http://www.t.st-- a leading
financial news and information provider.  Other business units
include TheStreet -- http://www.thestreet.com-- an unbiased source
of business news and market analysis for investors and BoardEx --
http://www.boardex.com-- a relationship mapping service of
corporate directors and officers.


                            *********

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
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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
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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
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                   *** End of Transmission ***