/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/190103.mbx T R O U B L E D C O M P A N Y R E P O R T E R Thursday, January 3, 2019, Vol. 23, No. 2 Headlines 3MB LLC: Seeks to Retain Nathan Hodges as Special Counsel 58 OCEAN AVE: Disclosures OK'd; Plan Hearing Set for Jan. 28 A.P. BECK-ANDOVER: May Continue Using Cash Collateral Until Feb. 8 AMERICANN INC: Delays Filing of Fiscal 2018 Form 10-K ANGEL MEDICAL: Case Summary & 16 Unsecured Creditors AQUA MARINE: Proposes to Pay $162K to K&B over 36 Mos., at 5.25% ARCHER NORRIS: Files Chapter 11 Plan of Liquidation ARCHER NORRIS: Seeks to Hire Phillips Tax as Accountant BAY CIRCLE: Trustee Seeks to Hire GlassRatner as Financial Advisor BAY CIRCLE: Trustee Taps Weener & Nathan as Special Counsel BENTWOOD FARMS: Seeks Authority for Interim Cash Collateral Use BLACK RIDGE: BRAC Inks Merger Deal with Entities Owned by Ourgame BLUEBIRD SAND: Seeks Authority for Continued Use of Cash Collateral BOOTIQUE TRENDS: Jan. 29 Hearing on Plan and Disclosures Set BREDA: Seeks Final Authority to Use Cash Collateral Until March 31 BRIAN G. MEEHAN: Seeks Authorization to Use Cash Collateral BRISTOL HEALTHCARE: Taps Scarborough & Fulton as Counsel CGE REAL ESTATE: Case Summary & 2 Unsecured Creditors CHILDRESS GATEWAY: Case Summary & 13 Unsecured Creditors COMPLETE DISTRIBUTION: Allowed Interim Use of Cash Collateral COPPER CANYON: Seeks to Hire Hoy Chrissinger as Special Counsel CREDIT MANAGEMENT: Has Final OK to Continue Paying Utility Provider CUSTOM AIR DESIGN: Seeks Permission to Use Cash Collateral DALMATIAN FIRE: Hires Visani Bargell LLC as Special Counsel DITECH HOLDING: Samuel Martini Owns Less Than 1% Stake as of Dec 17 DPW HOLDINGS: Receives Notice of Default from Cavalry DPW HOLDINGS: Reports Enertec and Microphase Note Transactions EGALET CORPORATION: Taps Leerink Partners as Investment Advisor EMC BRONXVILLE: Trustee Taps Besen and Maltz Auctions as Brokers FALLS AT MCMINNVILLE: Meilin Liu Seeks From Relief Automatic Stay FC GLOBAL: Extends Gadsden Merger Closing Date to February 2019 FINE LIGHT: Ch. 11 Trustee Files Liquidation Plan FIRST ENERGY: Hires Middle River Power LLC as Technical Advisor G MAN INSULATION: Hires Zwygart John & Associates as Accountant GIGA-TRONICS INC: Alara No Longer Owns Shares of Common Stock GNC HOLDINGS: Will Issue 50,000 Add'l Preferred Shares to Hayao HALCYON VALENCIA: Case Summary & 3 Unsecured Creditors HANGING HOOK: Plan Confirmation Hearing Scheduled for March 1 HELIOS AND MATHESON: Stockholders Elected Five Directors HOOK LINE: $560K Cash Infusion Proposed in R. Jurasek Plan HOYT CONTRACTORS: Seeks Authorization to Use Cash Collateral HUT AIRPORT LIMOUSINE: Seeks Authorization to Use Cash Collateral IDEANOMICS INC: Signs Deal for Tianjin Bus Conversion Financing INDUSTRIAL FABRICATORS: Allowed to Use Bennington Cash Collateral INPIXON: Enters Into $1.9-Mil. NPA & $3-Mil. Loan Transaction INPRINT MANAGEMENT: Judge Signs Final Agreed Cash Collateral Order INTERIOR COMMERCIAL: Hires David C. Johnston as Attorney J&M MANAGEMENT: Case Summary & 3 Unsecured Creditors KENDALL FROZEN: Seeks to Hire Holthouse Carlin as Accountant KEYSTONE PODIATRIC: Plan Confirmation Hearing Set for Feb. 5 KIDS FOUNDATION: Jan. 8 Hearing on Plan Confirmation Set KING'S PEAK: MBL Plan Schedules $621K Unsecured Claims LAS TUNAS: Seeks Authorization on Cash Collateral Use LBI MEDIA: Hires Ernst & Young LLP as Tax Advisor LORRAINE HOTEL: Hires Donald Harris Law as Attorney MELINTA THERAPEUTICS: John Johnson Agrees to Become Permanent CEO MENSONIDES DAIRY: May Use $75,000 in Cash Collateral to Pay ATG MICROVISION INC: Adds New Member to Its Board of Directors MR. TORTILLA: Has Final Authorization to Use Cash Collateral MURRAY GROUP: Hires David P. Lloyd as Legal Counsel MURRAY GROUP: Hires MJB Tax & Accounting Services as Accountant MURRAY GROUP: Seeks Access to Cash Collateral Until January 2019 NASHVILLE PHARMACY: Seeks Authorization to Use Cash Collateral OLAIDE DARAMOLA: Treatment of Unsecureds Amended in Latest Plan ONE HIT WONDER: To Obtain $1.5MM Exit Financing Under New Plan ORION HEALTHCORP: Has Funding to Pursue Causes of Action OUR TOWN ASSOCIATES: Second Interim Cash Collateral Order Entered POINT.360: Jan. 29 Plan Confirmation Hearing PRINCETON ALTERNATIVE: Trustee Taps TRS as Financial Advisor PUMPKINVINE CAFE: Unsecureds to Get $3.6K Over 60 Months REAGOR-DYKES MOTORS: Seeks Approval on Further Cash Collateral Use RICHERT FUNDING: Trustee Taps Akerman as Legal Counsel RICHERT FUNDING: Trustee Taps KapilaMukamal as Accountant ROSS COTTOM: Balloon Payment for PNB Disclosed in 2nd Amended Plan RUBY'S FRANCHISE: Taps Armory Consulting as Financial Advisor SALMON FALLS: Jan. 22 Plan Confirmation Hearing SEATTLE PROTON: Court Confirms Prepackaged Plan SERENITY HOMECARE: Court Confirms Chapter 11 Plan SINGLETON FOOD: Seeks to Hire Welch Walker as Accountant SKYLINE RIDGE: Jan. 23 Plan Confirmation Hearing SUGARLOAF HOLDINGS: Authorized to Use Funds From Sale of Cattle TAJA REAL: Seeks to Hire Independence Financial as Accountant TERRAVISTA PARTNERS: Seeks Authorization to Use Cash Collateral TOYS R US: Unsecureds to Recover 6.2% Under Latest Propco I Plan TSC/NESTER'S LANDING: Discloses No Unsecured Claims Filed TWIFORD ENTERPRISES: Cash Collateral Use Extended to March 1 U REST: Seeks Authority to Use Cash Collateral Through March 31 VANGUARD NATURAL: Draws Down $17-Mil. Under Citibank Loan Facility VICTORY SOLUTIONS: Unsecured Creditors to Get $20K Under Plan WELLNESS ANALYSIS: Unsecured Creditors to Get 60 Monthly Payments WEST VILLAGE: Voluntary Chapter 11 Case Summary WINDSOR MARKETING: Cash Collateral Use Until March 1 Okayed WORK & SON: Taps Dearolf & Mereness as Accountant [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 3MB LLC: Seeks to Retain Nathan Hodges as Special Counsel --------------------------------------------------------- 3MB, LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to retain Nathan Hodges, Esq., as its special counsel. Mr. Hodges will continue to represent the Debtor in two lawsuits filed by The City of Bakersfield in the Kern County Superior Court. The services to be provided by the attorney may include negotiating a settlement agreement with the plaintiff. Mr. Hodges neither represents nor holds any interest adverse to the Debtor and its bankruptcy estate, according to court filings. About 3MB LLC 3MB, LLC is a general contractor in Bakersfield, California, specializing in shopping center development. 3MB, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Calif. Case No. 18-14663) on Nov. 19, 2018. At the time of the filing, the Debtor estimated assets of $10 million to $50 million and liabilities of $1 million to $10 million. The case has been assigned to Judge Rene Lastreto II. The Law Offices of Leonard K. Welsh is the Debtor's counsel. 58 OCEAN AVE: Disclosures OK'd; Plan Hearing Set for Jan. 28 ------------------------------------------------------------ Bankruptcy Judge Michael B. Kaplan approved 58 Ocean Ave, LLC's disclosure statement referring to a chapter 11 plan dated Nov. 1, 2018. Written acceptances, rejections or objections to the plan must be filed not less than seven days before the hearing on the confirmation of the plan. Jan. 28, 2019 at 10:00 a.m. is fixed as the date and time for the hearing on confirmation of the plan. About 58 Ocean Ave LLC Based in Deal, New Jersey, 58 Ocean Ave, LLC is a real estate company. It owns in fee simple interest a property located at 58 Ocean Avenue, Deal, New Jersey, valued by the company at $4.1 million. 58 Ocean Ave sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. N.J. Case No. 17-33757) on November 27, 2017. Joseph Safdieh, its managing member, signed the petition. At the time of the filing, the Debtor disclosed that it had estimated assets and liabilities of $1 million to $10 million. Judge Michael B. Kaplan presides over the case. A.P. BECK-ANDOVER: May Continue Using Cash Collateral Until Feb. 8 ------------------------------------------------------------------ The Hon. Elizabeth D. Kratz of the U.S. Bankruptcy Court for the District of Massachusetts authorized A.P. Beck-Andover Realty, LLC's interim use of cash collateral through Feb. 8, 2019 under the terms and conditions outlined in the Court. The Debtor is ordered to file a reconciled budget of both projection and actual income and expense for the period covering from the Petition Date to Dec. 31, 2018, as well as a projected budget for the period of Jan. 1, 2019 through April 30, 2019. A hearing on the Debtor's continued use of cash collateral is set for Feb. 8, 2019 at 11:30 a.m. A copy of the Order is available at http://bankrupt.com/misc/mab18-41696-33.pdf About A.P. Beck-Andover Realty A.P. Beck-Andover Realty, LLC, a Single Asset Real Estate as defined in 11 U.S.C. Section 101(51B) filed a petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 18-41696) on Sept. 11, 2018. In the petition signed by Adam P. Beck, manager, the Debtor estimated $1 million to $10 million in assets and liabilities. The Ann Brennan Law Offices represents the Debtor. The Debtor tapped Coco Early & Associates as real estate broker. AMERICANN INC: Delays Filing of Fiscal 2018 Form 10-K ----------------------------------------------------- Americann, Inc. has filed with the Securities and Exchange Commission a Form 12b-25 notifying the delay in the filing of its Annual Report on Form 10-K for the period ended Sept. 30, 2018. The Company did not complete its financial statements for the year ended Sept. 30, 2018 in sufficient time so as to allow the filing of the report by Dec. 31, 2018. About Americann Headquartered in Denver, Colorado, AmeriCann offers a comprehensive, turnkey package of services that includes consulting, design, construction and financing to approved and licensed marijuana operators throughout the United States. The Company's business plan is based on the anticipated growth of the regulated marijuana market in the United States. Americann reported a net loss of $2.77 million for the year ended Sept. 30, 2017, compared to a net loss of $2.21 million for the year ended Sept. 30, 2016. As of June 30, 2018, the Company had $5.97 million in total assets, $2.57 million in total liabilities and $3.40 million in total stockholders' equity. MaloneBailey, LLP, in Houston, Texas, issued a "going concern" opinion in its report on the consolidated financial statements for the year ended Sept. 30, 2017 stating that the Company suffered recurring losses from operations and has an accumulated deficit. These conditions raise significant doubt about the Company's ability to continue as a going concern. ANGEL MEDICAL: Case Summary & 16 Unsecured Creditors ---------------------------------------------------- Debtor: Angel Medical Systems, Inc. 40 Christopher Way, Suite 201 Eatontown, NJ 07724 Business Description: Angel Medical Systems, Inc. -- http://www.angel-med.com-- is a manufacturer of cardiac medical devices headquartered in Eatontown, New Jersey. The company has developed the AngelMed Guardian system, which is designed to detect and warn patients of acute episodes of cardiac ischemia related to the progression of coronary artery disease and thrombotic coronary occlusion caused by vulnerable plaque ruptures. Chapter 11 Petition Date: December 31, 2018 Court: United States Bankruptcy Court District of Delaware (Delaware) Case No.: 18-12903 Debtor's Counsel: Eric J. Monzo, Esq. MORRIS JAMES LLP 500 Delaware Avenue, Suite 1500 P.O. Box 2306 Wilmington, DE 19899-2306 Tel: 302-888-6800 Fax: 302-571-1750 E-mail: emonzo@morrisjames.com - and - Jeffrey R. Waxman, Esq. MORRIS JAMES LLP 500 Delaware Avenue, Suite 1500 P.O. Box 2306 Wilmington, DE 19801 Tel: 302-888-5842 Fax: 302-571-1750 E-mail: jwaxman@morrisjames.com Debtor's Co-Counsel: Joseph R. Sgroi, Esq. Glenn S. Walter, Esq. HONIGMAN MILLER SCHWARTZ AND COHN LLP 2290 First National Building 660 Woodward Avenue Detroit, Michigan 48226-3506 Tel: (313) 465-7000 Fax: (313) 465-7713 E-mail: jsgroi@honigman.com gwalter@honigman.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $50 million to $100 million The petition was signed by David R. Fischell, chief executive officer. A full-text copy of the petition is available at no charge at: http://bankrupt.com/misc/deb18-12903.pdf List of Debtor's 16 Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ BioInfo Accelerator Fund, LLC 2012 Notes $20,646,000 37940 Berkeley Ave. (principal Moreland Hills, OH 44022 amount) John Hodgson Tel: (602) 406-3915 Email: jhodon@tsg-ed.com BioInfo Accelerator Fund, LLC 2014 Notes $20,430,000 37940 Berkeley Ave. (principal Moreland Hills, OH 44022 amount) John Hodgson Tel: (602) 406-3915 Email: jhodgson@gsg-ed.com BioInfo Accelerator Fund, LLC 2016 Notes $1,956,442 37940 Berkeley Ave. (principal Moreland Hills, OH 44022 amount) John Hodgson Tel: (602) 406-3915 Email: jhodgson@tsg-ed.com Hogan Lovells US LLP Professional $96,735 555 Thirteenth St. NW Services Washington, DC 20004 Jennifer Reynolds Tel: 202-637-5600 Email: jenn.reynolds@hoganlovells.com Cooley LLP Professional $48,576 101 California St. Services 5th Floor San Francisco, CA 94111 Lane W. Stahl Tel: 415-693-2000 Email: lstahl@cooley.com Rosenberg Klein & Lee Professional $33,000 3458 Ellicott Center Dr. Services Suite 101 Ellicott City, MD 21043 Morton J. Rosenberg Tel: 410-465-6678 Email: rkl@rklpatlaw.com Beth Israel Deaconess Clinical $12,000 Medical Center Services 330 Brookline Ave. Boston, MA 02215 Ramesh Gunawardena Tel: 617-667-4282 Email: rgunawar@bidmc.harvard.edu Medpace Clinical $10,000 5375 Medpace Way Services Cincinnati, OH 45227 Adam Ryan Tel: 513-579-9911 x12317 Email: a.ryan@medspace.com Chameleon Design Contractor $7,500 295 US Highway 46 E, Ste B Budd Lake, NJ 07828 Gregg Turi Tel: 973-426-0220 X 210 Email: gturi@chameleon-ds.com The Hibbert Group Product $6,773 400 Pennington Ave Storage Trenton, NJ 08650 Cynthia Glover-Perez Tel: 609-394-7500 Email: cglover-perez@hibbertgroup.com American Express Credit $5,326 P.O. Box 1270 Newark, NJ 07101 Tel: 800-528-4800 www.americanexpress.com Solium Professional $3,000 Dept 3542 Services PO Box 123542 Dallas, TX 75312-3542 Christopher Wittke Tel: 587-323-9394 Email: christopher.wittke@solium.com HPIC Consulting, LLC Clinical $2,500 5400 Bakers Mill Rd. Services Durham, NC 27707 Alison M. Lance Tel: 919-224-9377 Email: alisonlance@hpic.mygbiz.com Eisner Amper Professional $2,500 111 Wood Ave South. Services Iselin, NJ 08830 Jaime Gilmore Tel: 732-243-7565 Email: jaime.gilmore@weisneramper.com Valtronic Production $1,530 29200 Fountain Parkway Solon, OH 44139 Austin Reichert Tel: 440-349-1239 x184 Email: areichert@valtronic.com Medical Consultants Professional $300 99 Glenwood Road Services Ridgewood, NJ 07450 Jeff Voight Tel: 201-251-8204 Email: meddevconsultant@aol.com AQUA MARINE: Proposes to Pay $162K to K&B over 36 Mos., at 5.25% ---------------------------------------------------------------- Aqua Marine Enterprises, Inc. filed with the U.S. Bankruptcy Court for the Northern District of Alabama a disclosure statement in connection with its Chapter 11 plan of reorganization. Under the Plan, the Debtor proposes that it will pay, settle and satisfy a secured claim by paying K&B Fabricators, Inc., the sum of $162,320 over a 36-month period with an interest rate of 5.25% in monthly installments of $4,883.12 or as otherwise ordered by the Court. Moreover, the Debtor reported that the total amount of unsecured claims exceeds $100,000. The holders of general unsecured claims without priority which are allowed claims as determined on or before the effective date of the Plan shall be paid on a pro rata distribution. Payment to the unsecured creditors shall be made from the Debtor's future net income. Likewise, the Debtor reasonably believes that the unsecured creditors will receive a distribution equal 100% percent of their allowed claim. Allowed claims shall receive monthly payments commencing on the effective date of the Plan and continuing over a period of 60 months. A full-text copy of the Disclosure Statement, dated December 13, 2018, is available at: http://bankrupt.com/misc/alnb18-80464-220.pdf The Debtor is represented by: Kevin D. Heard, Esq. HEARD, ARY & DAURO, LLC 303 Williams Avenue SW Park Plaza Suite 921 Huntsville, AL 35801 Tel.: (256) 535-0817 Fax: (256) 535-0818 Email: kheard@heardlaw.com About Aqua Marine Enterprises Aqua Marine Enterprises, Inc., manufacturer of Safe-T-Shelter safe rooms, has been manufacturing and installing safety shelters since 1995. The company is headquartered in Hartselle, Alabama. Aqua Marine Enterprises sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 18-80464) on Feb. 16, 2018. In the petition signed by R.B. Mitchell, vice-president, the Debtor disclosed $1.51 million in assets and $401,565 in liabilities. Judge Clifton R. Jessup Jr. presides over the case. Heard, Ary & Dauro, LLC, is the Debtor's counsel. ARCHER NORRIS: Files Chapter 11 Plan of Liquidation --------------------------------------------------- Archer Norris, a California professional law corporation, and the official committee of unsecured creditors appointed in its Chapter 11 case jointly filed with the U.S. Bankruptcy Court for the Northern District of California a Chapter 11 plan of liquidation and accompanying disclosure statement. The primary features of the Plan provide for the continued liquidation of the Debtor's assets and distribution of the proceeds after confirmation of the Plan in accordance with existing Court-approved settlements and the distribution priorities embodied in the Bankruptcy Code. The Plan proposes that the liquidation and orderly distribution of the Debtor's assets continue post-confirmation by Kyle Everett as the Debtor's "Plan Administrator." The Plan projects that on the effective date, the secured claim of Union Bank will be paid in full because the Debtor has reached a settlement with Union Bank that provides, among other things, for the Union Bank secured claim to be paid in full on or before December 31, 2018, which will be prior to the effective date of the Plan, plus residual attorneys' fees and costs that will be fully paid prior to the Confirmation Date. The Debtor believes that the lease rejection damages and other nonsubordinated, non-priority general unsecured claims will total in excess of $2 million. If lease rejection damages cannot be mitigated by the landlords, the total non-subordinated, non priority general unsecured claims could exceed $4 million. A full-text copy of the Disclosure Statement is available at: http://bankrupt.com/misc/canb18-30924-205.pdf The Debtor is represented by: Thomas A. Willoughby, Esq. Jennifer E. Niemann, Esq. FELDERSTEIN FITZGERALD WILLOUGHBY & PASCUZZI LLP 400 Capitol Mall, Suite 1750 Sacramento, CA 95814 Tel: (916) 329-7400 Fax: (916) 329-7435 Email: twillloughby@ffwplaw.com jniemann@ffwplaw.com About Archer Norris Archer Norris -- https://www.archernorris.com/ -- was a 70-lawyer litigation firm with four offices located in Walnut Creek, San Francisco, Newport Beach and Los Angeles. As of its bankruptcy filing, the firm had 60 non-lawyer employees. Archer Norris commenced a Chapter 11 case in conjunction with a Plan of Dissolution designed, among other things, to facilitate the wind-down of its operations and the smooth transition of client matters to successor firms, with the goal being to minimize any harm to the client matters, which is anticipated to maximize the return to creditors. Archer Norris sought Chapter 11 protection (Bankr. N.D. Cal. Case No. 18-30924) on Aug. 22, 2018. In the petition signed by Douglas C. Strauss, president, the Debtor estimated total estimated assets and liabilities of $1 million to $10 million. The Debtor tapped Felderstein Fitzgerald Willoughby & Pascuzzi LLP as its legal counsel; BPM, LLP as financial advisor; and Russell Burbank, senior managing director of BPM LLP, as liquidating manager. The U.S. Trustee for Region 17 on Sept. 10, 2018, appointed three creditors to serve on an official committee of unsecured creditors. The committee members are: (1) Aquatic, Inc., (2) U.S. Legal Support, and (3) Veritext & Personal Court Reporters. ARCHER NORRIS: Seeks to Hire Phillips Tax as Accountant ------------------------------------------------------- Archer Norris, a Professional Law Corporation, seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Phillips Tax Professionals as its tax accountant. The firm will prepare the Debtor's tax returns and will provide tax consulting services. Phillips will charge a flat fee of $6,500 for the tax return preparation and an hourly fee of $150 for income tax consultation and analysis. The firm neither holds nor represents any interest adverse to the Debtor's bankruptcy estate, creditors and equity security holders, according to court filings. The firm can be reached through: James E. Phillips Phillips Tax Professionals Income Tax Planning & Preparation 1660 South Amphlett Blvd, Suite 245 San Mateo, CA 94402 Phone: 650-341-6006 Fax: 650-341-3950 Email: jepcpa@earthlink.net About Archer Norris Archer Norris -- https://www.archernorris.com/ -- was a 70-lawyer litigation firm with four offices located in Walnut Creek, San Francisco, Newport Beach and Los Angeles. As of its bankruptcy filing, the firm had 60 non-lawyer employees. Archer Norris commenced a Chapter 11 case in conjunction with a Plan of Dissolution designed, among other things, to facilitate the wind-down of its operations and the smooth transition of client matters to successor firms, with the goal being to minimize any harm to the client matters, which is anticipated to maximize the return to creditors. Archer Norris sought Chapter 11 protection (Bankr. N.D. Cal. Case No. 18-30924) on Aug. 22, 2018. In the petition signed by Douglas C. Strauss, president, the Debtor estimated total estimated assets and liabilities of $1 million to $10 million. The Debtor tapped Felderstein Fitzgerald Willoughby & Pascuzzi LLP as its legal counsel; BPM, LLP as financial advisor; and Russell Burbank, senior managing director of BPM LLP, as liquidating manager. The U.S. Trustee for Region 17 on Sept. 10, 2018, appointed an official committee of unsecured creditors. The committee tapped Binder & Malter, LLP, as its legal counsel. BAY CIRCLE: Trustee Seeks to Hire GlassRatner as Financial Advisor ------------------------------------------------------------------ Ronald Glass, the Chapter 11 trustee for Bay Circle Properties, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire GlassRatner Advisory & Capital Group, LLC as his financial advisor. The firm will assist the trustee in analyzing the financial operations of Bay Circle and its affiliates; analyze the financial ramifications of their transactions including post-petition financing and sale of their assets; provide forensic investigatory services; prepare valuation analyses of their assets; and provide other financial advisory services. GlassRatner will charge these hourly fees: William McCaleb, Managing Director $375 Joel Murovitz, Director $295 Other Directors/Associates $195 - $395 The firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code, according to court filings. GlassRatner can be reached through: William McCaleb GlassRatner Advisory & Capital Group, LLC 3445 Peachtree Road, Suite 1225 Atlanta, GA 30326 Main: (678) 399-8448 Mobile: (512) 653-4260 Fax: (404) 835-8868 Email: wmccaleb@glassratner.com About Bay Circle Properties Bay Circle Properties, LLC, DCT Systems Group, LLC, Sugarloaf Centre, LLC, Nilhan Developers, LLC, and NRCT, LLC, own 16 different real properties including significant undeveloped acreage. The properties also include office/warehouse buildings, retail shopping centers and free standing single tenant buildings. Bay Circle Properties, et al., filed Chapter 11 bankruptcy petitions (Bankr. N.D. Ga. Case Nos. 15-58440 to 15-58444) on May 4, 2015. The Chapter 11 cases are jointly administered. In the petition signed by Chuck Thakkar, manager, Bay Circle estimated $1 million to $10 million in assets and liabilities. The Debtors tapped John A. Christy, Esq., J. Carole Thompson Hord, Esq., and Jonathan A. Akins, Esq., at Schreeder, Wheeler & Flint, LLP, as bankruptcy attorneys. Ronald L. Glass was appointed as the Debtors' Chapter 11 trustee. The Trustee tapped Morris, Manning & Martin, LLP, as his legal counsel. BAY CIRCLE: Trustee Taps Weener & Nathan as Special Counsel ----------------------------------------------------------- Ronald L. Glass, as Chapter 11 Trustee for Debtors Bay Circle Properties, LLC, DCT Systems Group, LLC, Sugarloaf Centre, LLC, Nilhan Developers, LLC and NRCT, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Weener & Nathan, LLP as special counsel. The Trustee needs a special counsel to the Trustee in connection with the case filed by Debtor Nilhan Developers, LLC against Westplan Investors Acquisitions, LLC and Accent Cumberland Apartments, LP, Adversary Proceeding No. 18-05193-wlh, currently on appeal to the United States District Court for the Northern District of Georgia, Case No. 1:18-cv-5280-RWS. Weener & Nathan's present fee rates are $250.00 to $555.00 per hour for attorneys and $95.00 to $130.00 per hour for legal assistants. Weener & Nathan does not represent any interest adverse to the Debtors, according to court filings. The firm can be reached through: Eric J. Nathan, Esq. Weener & Nathan, LLP 5887 Glenridge Drive, NE, Suite 275 Atlanta, GA 30328 Phone: (770) 392-9004 About Bay Circle Properties Bay Circle Properties, LLC, DCT Systems Group, LLC, Sugarloaf Centre, LLC, Nilhan Developers, LLC, and NRCT, LLC, own 16 different real properties including significant undeveloped acreage. The properties also include office/warehouse buildings, retail shopping centers and free standing single tenant buildings. Bay Circle Properties, et al., filed Chapter 11 bankruptcy petitions (Bankr. N.D. Ga. Case Nos. 15-58440 to 15-58444) on May 4, 2015. The Chapter 11 cases are jointly administered. In the petition signed by Chuck Thakkar, manager, Bay Circle estimated $1 million to $10 million in assets and liabilities. The Debtors tapped John A. Christy, Esq., J. Carole Thompson Hord, Esq., and Jonathan A. Akins, Esq., at Schreeder, Wheeler & Flint, LLP, as bankruptcy attorneys. The Debtors engaged RG Real Estate, Inc., as real estate broker. No trustee has been appointed in the Debtors' cases. BENTWOOD FARMS: Seeks Authority for Interim Cash Collateral Use --------------------------------------------------------------- Bentwood Farms, LLC, seeks authorization from the U.S. Bankruptcy Court for the Western District of North Carolina for the interim use of cash collateral in the ordinary course of its business. Bentwood proposes to use the cash collateral in accordance with a formal budget, which assumes the accrual of ordinary course business and bankruptcy related expenses necessary to fund Bentwood's operations going forward. Because the amount and timing of all expenses cannot be predicted exactly, Bentwood proposes that it be considered in compliance with the Budget so long as it does not exceed the Budget by more than 10% per line item (on a cumulative basis). The proposed Budget provides total expenses of $59,256 per week. Bentwood believes Rabo ArgriFinance, Agrifund, LLC ("AG Resource Management"), FPI Agribusiness, Inc., and Southern States Cooperative may assert liens on the Debtor's turf. The priority of the liens on Bentwood's turf is not clear at this time. Bentwood submits that Rabo ArgriFinance will assert a claim in this case alleged to be at least $3,494,959, secured by Bentwood's pre-petition accounts receivable, inventory, furniture, fixtures, and equipment, as well as certain real property and crops held in the name of Bentwood. Bentwood asserts that the Lenders have adequate protection against the diminution in value of their prepetition collateral. Preliminarily, the use of cash collateral in the ordinary course of business, in and of itself, provides adequate protection in that it preserves the going concern value of Bentwood's business and, as a result, the value of the pre-petition collateral. To further protect against diminution in the value of the pre-petition collateral, Bentwood proposes to provide the Lenders with replacement liens in post-petition assets to the same extent and priority as existed prepetition, for all cash collateral actually expended during the duration of the interim cash collateral order. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/ncwb18-31823-4.pdf About Bentwood Farms Bentwood Farms, LLC, is a North Carolina limited liability company having a corporate headquarters located at 1101 Circle Drive, Monroe, NC 28110. The Company operates in the crop farming industry. Bentwood Farms filed a Chapter 11 petition (Bankr. W.D.N.C. Case No. 18-31823) on Dec. 7, 2018. In the petition signed by Charlie B. Baucom, president, the Debtor estimated less than $50,000 in assets and less than $10 million in liabilities. Judge Craig J. Whitley oversees the case. The Debtor is represented by Moon Wright & Houston, PLLC. BLACK RIDGE: BRAC Inks Merger Deal with Entities Owned by Ourgame ----------------------------------------------------------------- Black Ridge Oil & Gas, Inc., announced the execution of a merger agreement between Black Ridge Acquisition Corp. and entities owned by Ourgame International Holdings Ltd. The entities owned by Ourgame consist of Allied Esports International, Inc. and WPT Enterprises, Inc. Upon completion of the transaction, it is expected that BRAC will be renamed Allied Esports Entertainment, Inc. and its common stock is expected to trade on the NASDAQ Capital Market Exchange under the ticker symbol AESE. The transaction is subject to certain closing conditions, including BRAC shareholder approval, and is expected to close in the first quarter of 2019. Black Ridge was the sponsor of BRAC, a special purpose acquisition company, which began trading on the NASDAQ Capital Market on Oct. 5, 2017. Upon completion of the transaction, as sponsor of the SPAC, Black Ridge is expected to own 3,939,500 shares of BRAC common stock, subject to a one-year lockup period. Black Ridge has granted distribution rights to a portion of the Sponsor Shares to its officers and directors under the 2018 Management Incentive Plan detailed in the Form 8-K dated March 6, 2018. A schedule of the potential value of the total amount of these shares to Black Ridge at varying AESE stock prices is as follows: Value of BRAC (AESE) BRAC (AESE) Stock Price Shares held by Black Ridge ----------------------- -------------------------- $8.00 $31,516,000 $10.00 $39,395,000 $12.00 $47,274,000 $14.00 $55,153,000 "The Allied Esports Entertainment transaction is the culmination of a two year long process at Black Ridge to sponsor a SPAC and execute on a business combination," commented Black Ridge CEO Ken DeCubellis. "The opportunities in the global esports market are massive and we believe Allied Esports is extremely well-positioned as an early mover with a track record of successful execution. Upon completion of the transaction, we look forward to providing Black Ridge shareholders with our future plan for Black Ridge, including potential distribution of some or all of the Sponsor Share proceeds." About Black Ridge Black Ridge Oil & Gas -- http://www.blackridgeoil.com/-- is a company focused on acquiring, investing in, and managing the oil and gas assets for its partners. The Company continues to pursue asset acquisitions in all major onshore unconventional shale formations that may be acquired with capital from its existing joint venture partners or other capital providers. Black Ridge is based in Minneapolis, Minnesota. M&K CPAS, PLLC, the Company's auditor since 2010, issued a "going concern" qualification in its report on the consolidated financial statements for the year ended Dec. 31, 2017, stating that the Company suffered a net loss from operations and negative cash flows from operations, which raise substantial doubt about its ability to continue as a going concern. Black Ridge reported a net loss attributable to the Company of $392,529 in 2017 following net income attributable to the Company of $29.94 million in 2016. As of Sept. 30, 2018, the Company had $142.83 million in total assets, $447,029 in total liabilities, $140.20 million in redeemable non-controlling interest, and $2.18 million in total stockholders' equity. BLUEBIRD SAND: Seeks Authority for Continued Use of Cash Collateral ------------------------------------------------------------------- Bluebird Sand, LLC, seeks authorization from the U.S. Bankruptcy Court for the Eastern District of Arkansas to continue to use the cash collateral until the confirmation of a subsequently proposed Plan of Reorganization or Plan of Liquidation, or until the case is converted to a case under chapter 7, or is dismissed. The Debtor owns some unencumbered real estate, but the greater part of the Debtor's assets is comprised of a 99-year lease running between the Debtor and Conny H Johnson and Charlotte Jon Johnson. The Johnson Lease real estate consists of a sand mine. At present, and for the foreseeable future, the Debtor's only income is a minimum of $15,000 per month from a License Agreement where under a third-party mines sand at the Debtor's leased premises. The Johnson Lease is the collateral of FNBC Bank in first priority, and Bruce Oakley, Inc., in second priority. Pursuant to the Assignment, Leasehold Mortgages, and the Security Agreements, the estimated claim of FNBC Bank is at the time of filing estimated to be $1,034,638; and the estimated claim of Oakley at the time of filing estimated to be $3,812,118. The Debtor proposes to pay FNBC and Oakley adequate protection in the following amounts, such amounts being the interest accruing on the total indebtedness owed to the respective secured creditors at that respective creditor's contract rate of interest: FNBC will be paid 10% of gross license agreement proceeds per month; and Oakley will be paid 10% of gross license agreement proceeds per month. The adequate protection payment will commence in January 2019 or as otherwise ordered by the court and will continue monthly thereafter on the 21st day of each succeeding month until the confirmation of a subsequently proposed Chapter 11 Plan, or until the case is converted to a case under chapter 7 or is dismissed. In addition, the Debtor proposes to account monthly for the collection and expenditure of the cash collateral via the required monthly operating reporting pursuant to the regulations of the Office of the United States Trustee. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/areb18-16675-6.pdf About Bluebird Sand Bluebird Sand, LLC, is a privately held company in Stella, Missouri engaged in the business of nonmetallic mineral mining and quarrying. Its affiliate TS Sand Management, LLC, provides support activities for the mining industry. Bluebird Sand, LLC (Lead Case) and its affiliate TS Sand Management, LLC, filed voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ark. Lead Case No. 18-16675) on Dec. 11, 2018. In the petition signed by Rebecca Henley, managing member, Bluebird Sand estimated $1 million to $10 million in assets and the same range of liabilities as of the bankruptcy filing. Stanley V. Bond, principal of the Bond Law Office, is serving as counsel to the Debtors. BOOTIQUE TRENDS: Jan. 29 Hearing on Plan and Disclosures Set ------------------------------------------------------------ Bootique Trends, Inc. filed an application for an entry of an order conditionally approving their small business combined plan and disclosure statement dated Dec. 18, 2018. The Debtor believes that the Combined Plan and Disclosure Statement contains information of a kind and in sufficient detail adequate to enable a hypothetical, reasonable investor typical of the classes of claimants entitled to vote on the Combined Plan and Disclosure Statement to make an informed judgment on whether to accept or reject the plan contained in the Combined Plan and Disclosure Statement. Upon considering the Debtor's motion, Bankruptcy Judge Brenda T. Rhoades conditionally approved the disclosure statement. Jan. 25, 2019 is fixed as the last day for filing written acceptances or rejections of the Debtor’s proposed Chapter 11 plan, and the last day for filing and serving written objections to final approval of Debtor's disclosure statement or confirmation of the Debtor's proposed Chapter 11 plan. The hearing to consider final approval of the Debtor's disclosure statement and to consider the confirmation of the Debtor's proposed Chapter 11 Plan is fixed and will be held on Jan. 29, 2019 at 9:30 a.m. in the Plano Bankruptcy Courtroom, 660 N. Central Expressway, Third Floor, Plano, Texas 75074. Under the latest plan, each holder of a Allowed Secured Claim of an M&M Claimant against the Debtor will receive on the Distribution Date either [i] a one-time payment in an amount equal to such holder’s Pro Rata Share of the Class 4 Distribution Pool, or [ii] the surrender to such holder of all Collateral securing such Allowed Secured Class 4 Claim in accordance with In re Sandy Ridge Development Corp. Any amount of a holder’s Allowed Class 4 Claim not paid from the Class 4 Distribution Pool will constitute a deficiency claim and shall be treated as a General Unsecured Claim. A copy of the First Amended Combined Plan and Disclosures is available at https://is.gd/LrJ4i4 from Pacermonitor.com at no charge. About Bootique Trends Bootique Trends, Inc., is a privately held company in Plano, Texas, specializes in men's and boys' clothing and accessory stores. Bootique Trends, Inc., d/b/a Gregory's, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 18-40820) on April 20, 2018. In the petition signed by Larry Matney, director, the Debtor estimated less than $50,000 in assets and $1 million to $10 million in debt. The Hon. Brenda T. Rhoades presides over the case. BREDA: Seeks Final Authority to Use Cash Collateral Until March 31 ------------------------------------------------------------------ Breda, a Limited Liability Company, seeks authority from the U.S. Bankruptcy Court for the District of Maine to use cash collateral on a final basis in accordance with the terms of the Breda Cash Plan for the period of Dec. 31, 2018 to March 31, 2019. The Breda Second Final Cash Collateral Period expires on Dec. 30, 2018. Breda, therefore, requires authority to use cash collateral to continue operating its inn and restaurant business after Dec. 30. The Debtors claim that cash collateral will be used as necessary to fund the operations of the hotel and restaurant facility owned by Breda, including funding payroll and funding expenses necessary to repair and maintain the property owned by Breda (all as more specifically set forth in the Breda Cash Plan). Prior to the Petition Date, Breda entered into various loan agreements with various lenders. In order to secure the indebtedness owed to the various lenders under the loan agreements, Breda granted such lenders security interests in the personal property owned by Breda. The following Lenders may assert an interest in the cash collateral of Breda: (i) Bar Harbor Bank & Trust; (ii) CP3 Lending, LLC; (iii) FC Marketplace, LLC; (iv) BFS Capital; and (v) American Express Bank, FSB. Bar Harbor Bank and CP Lending have mortgages on the real property owned by both Breda and Tempo Dulu (and on additional property owned by certain of the members of the Debtors). Breda claims that the Camden Harbour Inn was appraised on March 27, 2017 for $7,200,000 (real and personal property combined). Breda further claims that the Danforth Inn was appraised at approximately the same time for r $2,385,000 (real and personal property combined). In addition, 81 Bayview Street (the property that is adjacent to The Camden Harbour Inn) is worth approximately $450,000. From the above, the total collateral value is roughly $10,035,000. Breda contends that the total amount of the debt owed to Bar Harbor Bank and CP Lending combined between Breda and Tempo Dulu is approximately $6,100,000, which means that Bar Harbor Bank and CP Lending are adequately protected in relation to the use of cash collateral by a loan to value of approximately 61%. Accordingly, Breda claims that Bar Harbor Bank and CP Lending are adequately protected by an equity cushion in their collateral. However, in the event there is a diminution in cash collateral of Breda, the Lenders with an interest in the cash collateral of Breda will be granted replacement liens on the real property owned by Breda. Breda requests that the Court implement marshaling as needed to ensure that all Lenders are adequately protected by equity cushions and/or replacement liens to the extent, and only to the extent, of any diminution in cash collateral over the course of the bankruptcy proceeding. Because the value of the property is not declining and Breda intends to use such income to maintain the property, Breda asserts that the interests in the property of certain of the Lenders are adequately protected under Sections 361 and 363 of the Bankruptcy Code, and no further adequate protection is necessary, to the extent the income is used to precipitate the further production of income. A full-text copy of the Debtor's Third Motion is available at http://bankrupt.com/misc/meb18-20157-218.pdf 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 oversees the case. The Debtors tapped Bernstein, Shur, Sawyer & Nelson, P.A., as their legal counsel. BRIAN G. MEEHAN: Seeks Authorization to Use Cash Collateral ----------------------------------------------------------- Brian G. Meehan, M.D., P.C., seeks authorization from the U.S. Bankruptcy Court for the Southern District of New York to use cash collateral in the ordinary course of its business through Jan. 12, 2019 or until such later time as secured creditors may permit. The Debtor requires cash collateral in order to maintain its liquidity and use same to fund and continue its business operations and reorganization efforts including, but not limited to, funding the payroll and payroll tax obligations for its employees. The Debtor seeks to use approximately $73,550 during the next 30 days with a line item variance of a maximum of 10%. The Debtor has numerous secured and lien creditors, namely: TD Bank, N.A.; First Commonwealth Bank; Internal Revenue Service; Quarterspot Inc.; JP Morgan Chase; Cash Village NY LLC; NYS Dept. of Tax and Finance; Can Capital Inc.; and NYC Department of Finance. The Debtor believes these Secured Creditors have liens on all of its assets including, without limitation, the Debtor's accounts that were outstanding as of the Petition Date. The Debtor assumes that all of the liens and security interests held by the Secured Creditors are perfected and not subject to avoidance. The Debtor proposes to gran Secured Creditors a valid, perfected, and enforceable, post-petition lien on and security interest in all of the assets of the Debtor that comprised the pre-petition collateral in which the Secured Creditors have a security interest provided. However, the replacement lien will not extend to the estates' avoidance claims under Sections 544, 547, 548, and 550 of the Bankruptcy Code or to any property of the Debtor as to which the security interests and liens of the Secured Creditors were not perfected as of the Petition Date. The Secured Creditors will also be granted super-priority administrative expense claims in the order of their respective priority under Section 507(b) Bankruptcy Code to the extent that the replacement liens and other relief granted do not provide the Secured Creditors with adequate protection of their interest in the Cash Collateral. The Replacement Liens and the Super-Priority Claims will be subordinate only to the fees and expenses of the Clerk of the Bankruptcy Court and the fees of the Office of the United States Trustee pursuant to 28 U.S.C. Section 1930(a) plus applicable interest on any such fees, and also to the allowed fees and expenses of the Debtor's and any committee professionals which have been awarded by Order of the Bankruptcy Court. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/nysb18-13924-10.pdf About Brian G. Meehan, M.D. Brian G. Meehan, M.D., P.C., is a privately held company categorized under family practice doctors. Owner Dr. Brian G. Meehan, MD, is an internal medicine specialist in New York. Brian G. Meehan, M.D., P.C., filed a Chapter 11 petition (Bankr. S.D.N.Y. Case No. 18-13924) on Dec. 4, 2018. In the petition signed by Brian G. Meehan, president, the Debtor estimated $500,000 to $1 million in total assets and $1 million to $10 million in total liabilities. The case is assigned to Judge Stuart M. Bernstein. The Debtor is represented by Howard P. Magaliff, Esq. of Rich Michaelson Magaliff, LLP. BRISTOL HEALTHCARE: Taps Scarborough & Fulton as Counsel -------------------------------------------------------- Bristol Healthcare Investors, L.P., seeks authority from the U.S. Bankruptcy Court for the Eastern District of Tennessee (Chattanooga) to hire David J. Fulton, Esq., and Scarborough & Fulton as counsel. Bristol Healthcare requires Scarborough & Fulton to: a. assist the Debtor in the preparation of its schedules, statement of affairs and the periodic financial reports required by the Bankruptcy Code, the Bankruptcy Rules and any other order of this Court; b. assist the Debtor in consultation and negotiation and all other dealings with creditors, equity, security holders and other parties in interest concerning the administration of the bankruptcy case; c. prepare pleadings, conduct investigations and make court appearances incidental to the administration of the Debtor's estate; d. advise the Debtor of its rights, duties and obligations under the Bankruptcy Code, Bankruptcy Rules, Local Rules and orders of the Bankruptcy Court; e. assist the Debtor in the development and formulation of a plan of reorganization including the preparation of a plan, disclosure statement and any other related documents for submission to this Court and to the Debtor's creditors, equity holders and other parties in interest; f. advise and assist the Debtor with respect to litigation related to the administration of Debtor's case; g. render corporate and other legal advise and perform all those legal services necessary and proper to the of the Debtor during the pendency of this case; and h. take any and all necessary actions in the interest of the Debtor and its estate incident to the proper representation of the Debtor and the administration of this case. Scarborough & Fulton will be paid at these hourly rates: David J. Fulton, Attorney $395 Legal Assistants $125 On Oct. 19, 2018, Scarborough & Fulton received a retainer of $16,000, and filing fee of $1,717 paid by the Debtor. Scarborough & Fulton will also be reimbursed for reasonable out-of-pocket expenses incurred. David J. Fulton, partner of Scarborough & Fulton, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and its estates. Scarborough & Fulton can be reached at: David J. Fulton, Esq. SCARBOROUGH & FULTON 620 Lindsay St. Ste 240 Chattanooga, TN 37403 Tel: (423) 648-1880 Fax: (423) 648-1881 E-mail: djf@sfglegal.com About Bristol Healthcare Investors Bristol Healthcare Investors, L.P., a Single Asset Real Estate company (as defined in 11 U.S.C. Section 101(51B)), filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code (Bankr. E.D. Tenn. Case No. 18-15713) on Dec. 20, 2018. In the petition signed by Douglas K. Mittleider, president of general partner, the Debtor estimated $1 million to $10 million in assets and $10 million to $50 million in liabilities. Scarborough & Fulton, led by name partner David J. Fulton, is serving as the Debtor's counsel. CGE REAL ESTATE: Case Summary & 2 Unsecured Creditors ----------------------------------------------------- Debtor: CGE Real Estate Holdings, LLC 8412 Desert Falls Fort Worth, TX 76137 Business Description: CGE Real Estate Holdings, LLC is a real estate company whose principal assets are located at 3624 Shenandoah Dallas, TX 75205 having a current value of $2.21 million. Chapter 11 Petition Date: January 1, 2019 Court: United States Bankruptcy Court Northern District of Texas (Ft. Worth) Case No.: 19-40007 Debtor's Counsel: Eric A. Liepins, Esq. ERIC A. LIEPINS, P.C. 12770 Coit Rd., Suite 1100 Dallas, TX 75251 Tel: (972) 991-5591 E-mail: eric@ealpc.com Total Assets: $2,210,000 Total Liabilities: $1,569,000 The petition was signed by Russell Alan Laird, managing member. A full-text copy of the petition containing, among other items, a list of the Debtor's two unsecured creditors is available for free at: http://bankrupt.com/misc/txnb19-40007.pdf CHILDRESS GATEWAY: Case Summary & 13 Unsecured Creditors -------------------------------------------------------- Debtor: Childress Gateway Enterprise, Inc. 3721 Moroney Drive Richardson, TX 75082 Business Description: Childress Gateway Enterprise is an economy hotel located in Childress, Texas and opened in 1995. The company previously sought bankruptcy protection on June 30, 2017 (Bankr. E.D. Tex. Case No. 17-41406). Chapter 11 Petition Date: January 1, 2019 Court: United States Bankruptcy Court Eastern District of Texas (Sherman) Case No.: 19-40006 Debtor's Counsel: Eric A. Liepins, Esq. ERIC A. LIEPINS 12770 Coit Road, Suite 1100 Dallas, TX 75251 Tel: (972) 991-5591 E-mail: eric@ealpc.com Total Assets: $1,118,550 Total Liabilities: $2,333,275 The petition was signed by Manherial Patel, president. A full-text copy of the petition containing, among other items, a list of the Debtor's 13 unsecured creditors is available for free at: http://bankrupt.com/misc/txeb19-40006.pdf COMPLETE DISTRIBUTION: Allowed Interim Use of Cash Collateral ------------------------------------------------------------- The Hon. H. Christopher Mott of the U.S. Bankruptcy Court for the Western District of Texas has entered an order approving Complete Distribution Services, Inc.'s use of cash collateral on an interim basis, and will be approved on a going-forward basis, subject only to modification upon motion and for cause, and/or the terms of a confirmed Plan of Reorganization. According to the Order, any parties-in-interest who wish to object to the terms for cash collateral use should file their objections with the Court and serve the sane upon the Debtor by Jan. 3, 2019 and appear to be heard at the final hearing on Debtor's Cash Collateral Motion which will occur on Jan. 10, 2019 at 10:00 a.m. The Debtor may use the cash collateral of Apex Capital Corporation (the apparent first lienholder upon the estate's equivalents), subject to following measures: (a) Apex will be granted a first replacement lien on the reserve fund and all other accounts receivable, up to the amount of contingent debt that Debtor owed to Apex on Petition Date, plus any advances made post-petition; (b) The Debtor will operate only in the ordinary course of business and according to the approved interim budget, with a permitted variance of 10% per line item or alternatively, 10% of the total budget. The approved Budget provides total expenses of approximately $533,142 for the month of January 2019 and $472,611 for the month of February 2019; (c) For all post-petition dealings with Apex and payments to Apex will be carried on according to the regular contractual terms between Apex and the Debtor; (d) For Monthly Operating Reports to be filed on or before the 20th day of the month following the reportage period, so that Apex can adequately monitor the Debtor's performance under Chapter 11; and (e) The Debtor will maintain all electronic shipment tracking and other security systems to assure that invoices purchased by Apex are likely to be paid in full and on time by the pertinent shippers and/or customers of the Debtor. A full-text copy of the Order is available at http://bankrupt.com/misc/txwb18-31995-33.pdf About Complete Distribution Services Complete Distribution Services, Inc., doing business as Complete Trailer Leasing, is a diversified shipping service company, providing short and long-haul support. This includes transportation, customer support and logistics. Complete Distribution Services Inc. offers local dispatch at its El Paso, Texas, facility to meet its customers' needs. Complete Distribution Services, Inc. filed a Chapter 11 petition (Bankr. W.D. Tex. Case No. 18-31995) on Nov. 29, 2018. In the petition signed by Salvador A. Herrera, president, the Debtor disclosed $2,784,801 in total assets and $8,049,386 in total debt. The Hon. Christopher H. Mott is the case judge. The Debtor is represented by E. P. Bud Kirk, Esq. and E.P. Bud Kirk. COPPER CANYON: Seeks to Hire Hoy Chrissinger as Special Counsel --------------------------------------------------------------- Copper Canyon Partners LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Hoy Chrissinger Kimmel Vallas, PC as its special counsel. The firm will represent the Debtor in litigation that is pending as of the petition date or that will be filed. The Debtor is currently involved in two separate cases filed by K.R.K., LLC in the Second Judicial District Court, Washoe County, Nevada, and a certain Seth Scott in the Superior Court of Sacramento County, California. Michael Hoy, Esq., a partner at Hoy Chrissinger and the attorney who will be handling the case, charges an hourly fee of $500. Hoy Chrissinger does not represent any interest adverse to the Debtor's bankruptcy estate, according to court filings. The firm can be reached through: Michael D. Hoy, Esq. Hoy Chrissinger Kimmel Vallas, PC 50 West Liberty Street, Suite 840 Reno, NV 89501 Phone: 775-786-8000 Fax: 775-786-7426 Email: mhoy@nevadalaw.com Email: info@nevadalaw.com About Copper Canyon Partners Copper Canyon Partners LLC, a contractor in Modesto, California, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 18-51144) on Oct. 11, 2018. At the time of the filing, the Debtor estimated assets of $10 million to $50 million and liabilities of $10 million to $50 million. Judge Bruce T. Beesley presides over the case. The Debtor tapped Harris Law Practice LLC as its legal counsel. CREDIT MANAGEMENT: Has Final OK to Continue Paying Utility Provider ------------------------------------------------------------------- The Hon. Mike K. Nakagawa of the U.S. Bankruptcy Court for the District of Nevada has entered a final order authorizing Credit Management Association Inc. to continue to pay when due all prepetition and post-petition utility bills. The Utility Providers identified and listed in Debtor's Emergency Utility Motion are prohibited from altering, refusing or discontinuing service to, or discriminating against Debtor solely on the basis of the commencement of its bankruptcy case or on account of any unpaid invoice for services provided before the Petition Date. A full-text copy of the Final Order is available at http://bankrupt.com/misc/nvb18-16487-149.pdf About Credit Management Association Credit Management Association, Inc. -- http://creditmanagementassociation.org/-- is a non-profit association that has served business-to-business companies since 1883. CMA helps credit, collection, and financial decision-makers get the information and support they need to make fast, accurate credit decisions. In addition, CMA assists insolvent companies with workouts or liquidation through cost effective alternatives to bankruptcy. CMA has approximately 800 members who pay a $495 annual fee for full membership or a $265 annual fee for an associate membership. CMA is headquartered in Las Vegas, Nevada. Credit Management Association, Inc., based in North Las Vegas, Nevada, filed a Chapter 11 petition (Bankr. D. Nev. Case No. 18-16487) on Oct. 31, 2018. In the petition signed by Kimberly Lamberty, president and chief executive officer, the Debtor estimated $1 million to $10 million in both assets and liabilities. The Hon. Mike K. Nakagawa oversees the case. The Debtor hired Clark Hill, PLLC, as reorganization counsel. Kurtzman Carson Consultants, LLC, is the claims and noticing agent. CUSTOM AIR DESIGN: Seeks Permission to Use Cash Collateral ---------------------------------------------------------- Custom Air Design, Inc., seeks permission from the U.S. Bankruptcy Court for the Southern District of Florida to allow it to use cash collateral in accordance with the monthly budget. The Debtor believes Wells Fargo Bank, N.A., has an interest in its revenues from its air conditioning construction and air conditioning service business, its assets and intangible assets, if any. Wells Fargo Bank has a secured claim which arises from a Small Business Administration loan currently in the approximate amount of $677,156, secured by a blanket lien on the Debtor's assets and proceeds therefrom. The Debtor is not proposing any adequate protection payments at this time as the income from service is seasonable and the collection of the balance due on service contracts is problematic. However, the Debtor proposes to immediately surrender following vehicles or sell and remit the proceeds to Wells Fargo: -- 2011 Ford Transit Connect XL; -- 2005 Ford Econoline E150 Van; and -- 2006 Ford Econoline E450 Super. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/flsb18-23754-25.pdf About Custom Air Design Custom Air Design, Inc., is an air conditioning contractor in Wellington, Florida. Custom Air Design sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-23754) on Nov. 5, 2018. In the petition signed by Robert Anderson, president, the Debtor disclosed $416,521 in assets and $1,445,051 in liabilities. Judge Mindy A. Mora oversees the case. The Debtor tapped Sue Lasky, PA, as its legal counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case. DALMATIAN FIRE: Hires Visani Bargell LLC as Special Counsel ----------------------------------------------------------- Dalmatian Fire Equipment, Inc., seeks authority from the U.S. Bankruptcy Court for the District of Colorado to employ the law firm of Visani Bargell LLC as special counsel. As counsel for the Debtor, Visani Bargell will continue to advise the Debtor regarding the legal issues that affect the Debtor's day-to-day business operations that are not necessarily related to the Debtor's obligations as a debtor-in-possession. Sheri Visani, the individual most likely to perform services, will charge $320.00 per hour. Other attorneys will charge $300.00 to $320.00 per hour. Sheri Visani, manager of Visani Bargell, assures the Court that she does not represent or hold any interest adverse to the debtor or to the estate with respect to the matter on which she is to be employed. The counsel can be reached through: Sheri Visani, Esq. Visani Bargell, LLC 165 South Union Boulevard, Suite 640 Lakewood, CO 80228 Phone: 720-974-4055 Fax: 303-379-7256 E-mail: sheri@visanibargell.com About Dalmatian Fire Equipment Established in 1995, Dalmatian Fire Equipment, Inc. -- http://dalmatianfire.com/-- is a supplier of refurbished self-contained breathing apparatus in North America. It provides equipment for firefighting, oil field safety, HazMat, mining and a broad range of industrial applications in the United States and Canada. Its portfolio of brands includes Scott, MSA, Drager, and Survivair. Dalmatian Fire Equipment sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 18-18332) on Sept. 24, 2018. In the petition signed by CEO Kevin L. Simmons, the Debtor estimated assets of $1 million to $10 million and liabilities of $500 million to $1 billion. Judge Michael E. Romero presides over the case. Wadsworth Warner Conrardy, P.C., serves as the Debtor's legal counsel. Phelps Dunbar, LLP, is the special counsel. DITECH HOLDING: Samuel Martini Owns Less Than 1% Stake as of Dec 17 ------------------------------------------------------------------- Samuel Martini disclosed in a Schedule 13G/A filed with the Securities and Exchange Commission that as of Dec. 17, 2018, he beneficially owns 9,121 shares of common stock of Ditech Holding Corporation, representing 0.18 percent based on 5,189,300 shares of Common Stock reported to be outstanding on the Issuer's Quarterly Report on Form 10-Q filed on Nov. 14, 2018. Mr. Martini is engaged in, among other activities, investing for his own account, including through a limited liability company organized under the laws of the State of Delaware, of which he is the sole member. A full-text copy of the regulatory filing is available for free at: https://is.gd/zRW0E4 About Ditech Holding Ditech Holding Corporation -- http://www.ditechholding.com/-- is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans. Based in Fort Washington, Pennsylvania, the Company has approximately 3,300 employees and service a diverse loan portfolio. Ditech Holding incurred a net loss of $426.9 million in 2017 following a net loss of $833.9 million in 2016. As of Sept. 30, 2018, Ditech Holding had $12.33 billion in total assets, $12.27 billion in total liabilities, and $55.18 million in total stockholders' equity. "The Company continues to actively refine its liquidity plan and intends to take all appropriate actions in an effort to ensure that it has adequate liquidity to meet its debt service obligations and other liabilities and commitments. Based on the assessment of the Company's liquidity for the next twelve months from the date of issuance of these financial statements, management has concluded that while there can be no assurance that the Company's recent and future actions will be successful in mitigating the above risks and uncertainties, including the impact of market conditions and the Company's ability to close MSR sales and other transactions at valuations and within timeframes necessary to maintain sufficient liquidity levels, the Company's current plans, which are considered probable of occurring, provide enough liquidity to meet its obligations over the next twelve months from the date of issuance of these financial statements. However, the potential for an in-court supervised Chapter 11 process in order to implement a strategic transaction ... raises substantial doubt about the Company's ability to continue as a going concern," the Company stated in its Quarterly Report for the period ended Sept. 30, 2018. DPW HOLDINGS: Receives Notice of Default from Cavalry ----------------------------------------------------- DPW Holdings, Inc. received a notice of default from Cavalry on Dec. 21, 2018 contending that the promissory note issued on Oct. 10, 2018, was in default because (i) the Company had not repaid the October Note by Dec. 8, 2018 and (ii) of certain other events of default related to the November Note. Cavalry stated in the Notice that it will commence litigation against the Company unless it has been paid the sum of $888,150 plus interest by December 31, 2018. Prior to receipt of the Notice from Cavalry, the Company was attempting to reach a negotiated settlement with Cavalry. Notwithstanding receipt of the Notice, the Company hopes to continue to work with Cavalry to settle its obligations under the Cavalry Note. The Company intends to vigorously defend its position should a mutually amicable resolution prove unattainable. On Oct. 10, 2018 and Nov. 29, 2018, respectively, DPW Holdings, issued two unsecured Promissory Notes to Cavalry Fund I LP. About DPW Holdings DPW Holdings, Inc., formerly known as Digital Power Corp. -- http://www.DPWHoldings.com/-- is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.'s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663. DPW Holdings incurred a net loss of $10.89 million in 2017 following a net loss of $1.12 million in 2016. As of Sept. 30, 2018, the Company had $53.10 million in total assets, $25 million in total liabilities, and $28.09 million in total stockholders' equity. The report from the Company's independent accounting firm Marcum LLP, in New York, on the consolidated financial statements for the year ended Dec. 31, 2017, includes an explanatory paragraph stating that the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. DPW HOLDINGS: Reports Enertec and Microphase Note Transactions -------------------------------------------------------------- As previously reported in a Current Report on Form 8-K filed by DPW Holdings, Inc. on May 16, 2018, on May 15, 2018, DPW Holdings, Inc. entered into a Securities Purchase Agreement with and institutional investor providing for the issuance of (i) a Senior Secured Convertible Promissory Note with a principal face amount of $6,000,000, which Convertible Note (as amended on Aug. 31, 2018) is, subject to certain conditions, convertible into 15,000,000 shares of Common Stock of the Company at $0.40 per share; (ii) a five-year warrant to purchase 1,111,111 shares of Common Stock at an exercise price of $1.35; (iii) a five-year warrant to purchase 1,724,138 shares of Common Stock at an exercise price of $0.87 per share; and (iv) 344,828 shares of Common Stock. As previously reported in Current Reports on Form 8-K filed by the Company on July 2, 2018, the Company and the Investor entered into an agreement, among other things, to amend the May SPA and the May Note pursuant to the terms and subject to the conditions set forth in Amendment No. 3 Agreement and Amendment No. 4 Agreement. In addition, the Company entered into a Securities Purchase Agreement with the Investor providing for the issuance of (i) a Senior Secured Convertible Promissory Note with a principal face amount of $1,000,000, which Convertible Note is, subject to certain conditions, convertible into 2,500,000 shares of Common Stock of the Company at $0.40 per share), and (ii) up to 400,000 shares of Common Stock. On Aug. 31, 2018, the Company and the Investor entered into an amendment, among other things, to further amended the May SPA and the May Note, pursuant to the terms and subject to the conditions set forth in Amendment No. 5 Agreement and Amendment No. 6 Agreement. In addition, the Company entered into a Securities Purchase Agreement with the Investor providing for the issuance of a Senior Secured Convertible Promissory Note with a principal face amount of $2,000,000, which August Note is convertible into 5,000,000 shares of Common Stock. The Company and the Investor further amended the May Note, among other things, pursuant to the terms and subject to the conditions set forth in Amendment No. 7 Agreement. The Company and the Investor further amended the May Note, among other things, pursuant to the terms and subject to the conditions set forth in Amendment No. 8 Agreement. The Company and the Investor further amended the May Note, among other things, pursuant to the terms and subject to the conditions set forth in Amendment No. 9 Agreement. The Company and the Investor entered into Amendment No. 10 Agreement, which further amends the payment terms and sets forth additional conditions to the May Note, July Note and September Note. Pursuant to the terms and subject to the conditions set forth in the Amendment No. 10, (i) Ault & Company, Inc., has agreed to issue a corporate guarantee of the performance of the obligations due to the Investor by the Company and its subsidiaries in the amount of $4,350,000, provided that the Guarantee will be of no further force or effect subsequent to the occurrence of certain events; (ii) the Company must apply no less than 40% of any proceeds raised from (A) any financing of the Company conducted by A&C or any third party, (B) the repayment of outstanding loans by I. AM, Inc., to Digital Power Lending, LLC, and (C) the repayment of outstanding loans, but not payment of outstanding accounts receivable, by Avalanche International Corporation to the Company, to the amortization payments of the May Note, then to all sums due under the July Note, then to all sums due under the September Note, and finally to all remaining sums due under the May Note; and (iii) the Company shall increase the number of such shares reserved by its transfer agent to 125,000,000, which figure shall be reduced by 12,500,000 shares for each repayment by the Company to Dominion of its debt obligations thereto in the amount of $1,000,000. In consideration for the Company's agreement to enter into the Amendment No. 10, the Investor (i) provided financing for purchase orders in the amount of $200,000 to Microphase Corporation and $500,000 to Enertec Systems 2001, Ltd., respectively, and (ii) extend the maturity date of the July Note and the September Note, in each case, to February 15, 2019, as to 50% of the amount due thereunder, and the remaining 50% due thereunder, including accrued but unpaid interest, to May 15, 2019. The Note Transactions and Related Agreements On Dec. 28, 2018, Enertec entered into that certain Secured Promissory Note, whereby in consideration of the $500,000 in financing provided by Dominion to Enertec, and Enertec agreed to pay interest in an amount of 10% per annum in cash to Dominion, beginning on Jan. 15, 2019, on a monthly basis, until the Enertec Note is paid in full. The maturity date of the Enertec Note will be the earlier of June 15, 2019 or as otherwise provided in the terms of the Enertec Note. Any amounts due and payable by Enertec to Dominion as of the maturity date shall be payable to Dominion in cash. Pursuant to the terms of the Enertec Note, if an event of default occurs that has not been cured, the outstanding principal amount of the Enertec Note, plus accrued but unpaid interest, any liquidated damages and other amounts owing in respect thereof through the date of acceleration become, at Dominion’s election, immediately due and payable in cash in an amount equal to 125% of the outstanding principal amount of the Enertec Note and accrued and unpaid interest, in addition to all other payments due. After the occurrence of an event of default that results in acceleration of payment, Enertec shall pay to Dominion an additional interest rate equal to the lesser of 1.5% per month (18% per annum) or the maximum rate permitted under applicable law. On Dec. 28, 2018, Microphase entered into that certain Secured Promissory Note, whereby in consideration of the $200,000 in financing provided by Dominion to Microphase, and Microphase agreed to pay interest in an amount of 10% per annum in cash to Dominion, beginning on Jan. 15, 2019, on a monthly basis, until the Microphase Note is paid in full. The maturity date of the Microphase Note shall be the earlier of March 31, 2019, or as otherwise provided in the terms of the Microphase Note. Any amounts due and payable by Microphase to Dominion as of the maturity date shall be payable to Dominion in cash. Pursuant to the terms of the Microphase Note, if an event of default occurs that has not been cured, the outstanding principal amount of the Microphase Note, plus accrued but unpaid interest, any liquidated damages and other amounts owing in respect thereof through the date of acceleration become, at Dominion's election, immediately due and payable in cash in an amount equal to 125% of the outstanding principal amount of the Microphase Note and accrued and unpaid interest, in addition to all other payments due. After the occurrence of an event of default that results in acceleration of payment, Microphase shall pay to Dominion an additional interest rate equal to the lesser of 1.5% per month (18% per annum) or the maximum rate permitted under applicable law. In connection with the Enertec Note and the Microphase Note, Milton C. Ault III together with Dominion, entered into that certain personal guarantee agreement, for the benefit of Dominion, whereby upon the terms and subject to the conditions set forth in the Guaranty Agreement, the Guarantor guaranteed (a) the payment of the Notes (as defined in the Guaranty Agreement); (b) the performance by the Company, Microphase and Enertec of their respective obligations under the Notes and other Transaction Documents (as defined in the Guaranty Agreement); (c) the performance by A&C of its obligations and (d) the payment of any reasonable costs or expenses, including, without limitation, Dominion's reasonable attorneys' fees incurred by Dominion in connection with enforcing Dominion's rights under the Guaranty Agreement, the Notes or other Transaction Documents. In connection with the Enertec Note and the Microphase Note, the Company Enertec, Microphase, A&C together with Dominion, entered into that certain performance guaranty agreement. Under the terms of the Performance Agreement, A&C, the Company, Enertec and Microphase provided certain assurances to Dominion, including but not limited to: covenants and agreements that the Performing Parties shall not fail to perform any covenant, condition, promise, agreement or obligation of any of the Performing Parties in connection with any of their obligations to Dominion, and in the Performance Agreement. In consideration for the promises therein, the Guarantee Amount in the amount of $4,350,000 will be reduced by 25% for each one dollar ($1.00) reduction in the outstanding principal amount under the DPW Notes (as defined in the Performance Agreement), the Enertec Note and the Microphase Note. In connection with the Enertec Note, Enertec and Dominion entered into that certain security agreement, whereby Enertec will grant to Dominion a security interest in certain property of Enertec to secure prompt payment, performance and discharge of Enertec's obligations under the Enertec Note, including but not limited to the "pledged securities," which include all outstanding capital stock of Enertec. In connection with the Microphase Note, Microphase and Dominion entered into that certain security agreement, whereby Microphase will grant to Dominion a security interest in certain property of Microphase to secure prompt payment, performance and discharge of Microphase's obligations under the Microphase Note, including but not limited to the "pledged securities," which include all outstanding capital stock of Microphase. About DPW Holdings DPW Holdings, Inc., formerly known as Digital Power Corp. -- http://www.DPWHoldings.com/-- is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.'s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663. DPW Holdings incurred a net loss of $10.89 million in 2017 following a net loss of $1.12 million in 2016. As of Sept. 30, 2018, the Company had $53.10 million in total assets, $25 million in total liabilities, and $28.09 million in total stockholders' equity. The report from the Company's independent accounting firm Marcum LLP, in New York, on the consolidated financial statements for the year ended Dec. 31, 2017, includes an explanatory paragraph stating that the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. EGALET CORPORATION: Taps Leerink Partners as Investment Advisor --------------------------------------------------------------- Egalet Corporation, and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of Delaware to employ Leerink Partners LLC as investment banking financial advisor to the Debtors. Egalet requires Leerink to: a. familiarize themselves with the business, operations and financial position of the Company and any potential Acquisition Target; b. undertake, in consultation with members of the Company's management, a comprehensive business and financial analysis of the Company and any potential Acquisition Target; c. assist the Company in developing a strategy to effect an M&A Transaction and/or Financing, including identifying potential Acquisition Targets; d. assist the Company in structuring and negotiating an M&A Transaction and/or Financing; e. assist the Company in the preparation of the Offering Materials for distribution and presentation to potential investors; f. assist the Company in the preparation and implementation of a marketing plan for the purpose of marketing to any Investor; g. assist the Company in identifying and contacting Investors; h. assist the Company in soliciting and receiving offers to purchase the Securities; i. meet with the Company's Board of Directors to discuss a proposed Transaction and its financial implications; and j. provide other general financial advisory services to the Company. Leerink's compensation are: a. M&A Transaction Fee. A fee payable at the closing of an M&A Transaction, equal to the following: (1) $1,250,000 if the Company acquires all or substantially all of the relevant assets or equity interests of an Acquisition Target; or (2) $1,750,000 if all or substantially all of the assets or equity interests of the Company representing, in the aggregate, 50% or more of both the voting securities and economic interests of the Company is acquired, merged with or otherwise combined with an Acquisition Target, pursuant to which transaction the Company owns less than 50% of the equity securities in the pro forma company and does not result in a majority of the Company's outstanding debt holdings or fully-diluted common stock outstanding being redeemed for cash (or provided the option for cash redemption) as part of a Transaction. b. Financing Fee. A fee, payable at the closing of a Financing, equal to the sum of (i) in the case of an offering of Equity Securities 6% of the gross cash proceeds received by the Company for such newly issued Equity Securities and (ii) in the case of an offering of Debt Securities, 3% of the gross cash proceeds received by the Company for such newly issued Debt Securities. If a Financing is consummated by means of more than one closing, Leerink shall be entitled to the fees provided herein only with respect to the proceeds received by the Company at each such closing. c. Fairness Opinion Fee. A fee equal to $750,000, payable upon Leerink's delivery of a Fairness Opinion, if any. 100% of the amount of the first Fairness Opinion Fee shall be credited (to the extent previously paid) against any M&A Transaction Fee. If Leerink delivers additional Fairness Opinions or otherwise materially updates a Fairness Opinion that it previously delivered, then the Company shall pay an additional fee of $250,000 per Fairness Opinion so delivered or updated, such fee(s) payable upon delivery of each such additional Fairness Opinion(s), and none of such additional amounts shall be credited against any M&A Transaction Fee. d. Termination Fee. A fee equal to the lesser of (x) 15% of any Company Termination Fees and (y) the M&A Transaction Fee that would have been payable if such M&A Transaction had been consummated in accordance with the terms during the Term, payable promptly upon receipt of any Company Termination Fees, if (i) the Company enters into a definitive agreement during the Term or the Tail to effect an M&A Transaction, which agreement is subsequently terminated, and (ii) during the Term or the Tail the Company or its security holders receive or become entitled to receive, pursuant to such definitive agreement, any break-up, termination, topping or similar fee or other form of compensation payable by an Acquisition Target or any other person, or become entitled to retain the amount of any deposit or to exercise any option granted to the Company to purchase any securities or assets (other than reimbursement of out-of-pocket expenses). The cash value of any non- cash Company Termination Fees shall be determined as follows: (A) the value of securities for which there is an established public market shall be equal to the average of their closing market prices for the five trading days ending three days prior to the closing date of such M&A Transaction and (B) the value of securities that have no established public market and the value of consideration that consists of other non-cash property, shall be the fair market value thereof as of the day prior to the closing date of such M&A Transaction; provided, that with respect to any Company Termination Fee, Leerink shall be entitled to receive the same form and type of consideration received by the Company in connection with such termination. Any Company Termination Fees payable pursuant to this Section 3(d) shall be credited against the amount of any future M&A Transaction Fee payable pursuant to this Agreement. Byron T. Webster, Managing Director of Leerink Partners LLC, attests that his firm does not hold any interest adverse to the Debtors' estates, and is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: Byron T. Webster Leerink Partners 227 West Trade Street Suite 2050 Charlotte, NC 28202 Phone: (704) 969-8944 About Egalet Corporation Headquartered in Wayne, Pennsylvania, Egalet Corporation is a fully integrated specialty pharmaceutical company focused on developing, manufacturing and commercializing innovative treatments for pain and other conditions. Egalet Corporation and Egalet US Inc. sought bankruptcy protection on Oct. 30, 2018 (Bankr. D. Del. Lead Case No. Case No. 18-12439). In the petition signed by Robert Radie, president and chief executive officer, the Debtors declared total assets of $99,980,000 and total debt of $143,338,000. The Debtors tapped Dechery LLP as general counsel; Young Conaway Stargatt & Taylor, LLP, as local Delaware counsel; Berkeley Research Group LLC as financial restructuring advisor; Piper Jaffray & Co. as investment banker; and Kurtzman Carson Consultants LLC as claims agent. EMC BRONXVILLE: Trustee Taps Besen and Maltz Auctions as Brokers ---------------------------------------------------------------- Fred Stevens, the Chapter 11 trustee for EMC Bronxville Metropolitan LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to retain Besen & Associates, Inc. and Maltz Auctions, Inc. d/b/a Maltz Auctions, as exclusive real estate brokers for the Debtor's estate, nunc pro tunc to December 6, 2018. The Trustee needs to market the Debtor's real and personal property located at 759 Palmer Road, Yonkers, NY 10708. The Trustee believes the retention of the Brokers will enable the Trustee to either effectuate a prompt sale of the Property and obtain the highest and best value for the Property, or obtain a proper market test that is needed before the Trustee can assess and endorse any plan of liquidation or reorganization. Services to be rendered by the Brokers are: a. consult with the Trustee and his professionals to discuss the Trustee's goals, objectives and financial parameters in relation to the Property; b. prepare marketing materials for the Property for distribution and presentation to prospective purchasers of the Property (including video and print materials); c. prepare and implement a marketing plan for the sale of the Property; d. provide access to and tour the Property as may be reasonably requested by prospective purchasers and interested parties; e. organize and host a secure and confidential virtual data room and interact with prospective bidders concerning confidential diligence that may be performed in relation to the Property; f. summarize proposals received and assist in the evaluation and comparison of proposals received from potential purchasers of the Property; g. report in writing weekly to the Trustee (with copy to Popular Bank) regarding the status of the Services and meet with the Trustee and his representatives as mutually agreed among the parties; and h. solicit and manage offers to purchase the Property (provided that the Brokers shall have no right or power to enter into any agreement in the name of or on behalf of the Trustee). The Brokers will be paid an aggregate commission of: a. 3.75% of the gross purchase price of the Property in the event said price is $ 15,000,000 or less; b. 4.25% of the gross purchase price of the Property in the event said price is equal to or between $15,000,001 and $16,000,000; c. 4.50% of the gross purchase price of the Property in the event said price is equal to or between $16,000,001 and $17,599,999; d. 4.75% of the gross purchase price of the Property in the event said price is equal to or between $17,600,000 and $19,999,999; and e. 5% of the gross purchase price of the Property in the event said price is $20,000,000 or greater. Provided however, that in the event that any of the parties identified on Exhibit A to the Listing Agreement is ultimately the Purchaser, the Commission shall be reduced by 15% of the above referenced prevailing fee. Furthermore, in the event of a credit bid by Popular Bank, as the current mortgagee, the Commission shall be limited to 2% of the gross purchase price of the Property; provided that such gross purchase price does not exceed $13,000,000. For the avoidance of doubt, in the event that the gross purchase price based upon Popular Bank's valid credit bid exceeds $13,000,000, then Brokers shall not be subject to the foregoing Commission limitation of 2%. The Commission will be split evenly between Besen and Maltz on a 50/50 basis, except that if Besen and Maltz jointly acknowledge and agree in writing that one or the other actually procured the successful purchaser, then the amount due will be split 55/45. The Brokers are each a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, and do not hold or represent an interest adverse to the Debtor or the Debtor's estate. The Brokers can be reached at: Greg Corbin Besen & Associates, Inc. 381 Park Avenue South New York, NY 10016 -- and -- Richard Maltz Maltz Auctions 39 Windsor Place Central Islip, NY 11722 About EMC Bronxville Metropolitan Creditors Thomas E Haynes Architect, Werner E. Tietjen, PE and Hall Heating & Cooling Service, Inc., filed an involuntary petition against EMC Bronxville Metropolitan LLC under Chapter 7 of the Bankruptcy Code on June 22, 2018. On July 23, 2018, the court entered an order converting the case from Chapter 7 to one under Chapter 11 (Bankr. S.D.N.Y. Case No. 18-22963) following request from the Debtor. On Sept. 24, 2018, the Office of the U.S. Trustee appointed Fred Stevens as the Debtor's Chapter 11 trustee. Mr. Stevens tapped Klestadt Winters Jureller Southard & Stevens, LLP as his legal counsel. FALLS AT MCMINNVILLE: Meilin Liu Seeks From Relief Automatic Stay ----------------------------------------------------------------- Meilin Liu asks the U.S. Bankruptcy Court for the District of Utah for relief from the automatic stay to allow her to pursue her rights under the Loan Documents and to protect the collateral pledged to her by The Falls at McMinnville, LLC. Meilin Liu relates that the Debtor borrowed money from her to construct a building and repay with permanent long-term financing. Pursuant to the Loan Documents, the Debtor borrowed approximately $2,906,480 from Meilin Liu. The loan required the payment of all interest on a monthly basis from the execution of the Note until its maturity at the rate of 10% per annum, or $29,065 per month. It also provides for a default interest rate of 15% per annum from the date on which the payment was due and payable until the delinquent payment is received. The Debtor defaulted under the Loan Documents -- the last payment received from the Debtor was August 2017. As of Nov. 7, 2018, the total payoff amount due under the Loan Documents was not less than $3,475,195. Based upon the Debtor's significant default with the entire unpaid balance of the loan, Meilin Liu commenced a foreclosure action in the State of Oregon -- the matter was scheduled to be sold at auction on Aug. 3, 2018. To stop the foreclosure sale, the Debtor sought Chapter 11 protection. Meilin Liu avers that the Debtor's monthly financial statements filed in the bankruptcy court shows a monthly loss of $24,372 without consideration of the obligation owing to Meilin Liu. The Debtor's current bank account shows $25. Meilin Liu believes that the Debtor is now operating and generating rents which were also pledged to Meilin Liu. Rather than paying off the debt to Meilin Liu, the Debtor filed for bankruptcy and diverted the revenue source to another entity without the permission of Meilin Liu and outside the control of Meilin Liu. Meilin Liu asserts there is evidence that the Debtor have acted in bad faith in filing for bankruptcy. Meilin Liu finds that the revenue generated from Debtor's property is not being utilized by the Debtor, but is apparently automatically transferred to Debtor's parent -- also in bankruptcy. Although the Debtor pledged all income proceeds to Meilin Liu, the Debtor is diverting those proceeds to its parent corporation without the permission of Meilin Liu and perhaps without written documentary evidence. Meilin Liu asserts that cause exists for termination of the automatic stay. Meilin Liu believes the stay will not interfere with the Debtor's bankruptcy case because the Debtor's junior lien against the property is wholly unsecured. The property has a value that may be as little as $9.8 million while the total payoff owed to Meilin Liu is the aggregate sum of $3,475,195. Meilin Liu further asserts that foreclosure of the property will not make the Debtor's financial condition any worse than it already is. Meilin Liu believes there is no equity in the property to satisfy junior lien interests. While foreclosure may harm the parent corporation, Meilin Liu believes it will not harm the Debtor. Per diem interest on the debt to Meilin Liu is $36,501 per month and continues to accrue in while the Debtor's bankruptcy is pending. Moreover, Meilin Liu submits that although the Debtor attempted to refinance its obligation prior to the filing of the bankruptcy, the Debtor was unable to do so. Neither the Debtor nor its parent corporation has been able to come up with any source to payoff Meilin Liu. With the Debtor transferring all sources of funds and revenue to the parent corporation, Meilin Liu believes there is nothing in the Debtor's bankruptcy to satisfy the obligation owing to Meilin Liu. Thus, there can be no likely reorganization taking place. About The Falls at McMinnville The Falls at McMinnville, LLC -- https://is.gd/8FtiAL -- is part of the Falls Consolidated Enterprise that offers event spaces or venues for conferences, annual holiday parties, family reunions, high school proms, birthday parties, banquets, meetings, baby showers and more. The Falls at McMinnville filed a Chapter 11 petition (Bankr. D. Utah Case No. 18-25492) on July 27, 2018. In the petition signed by Brooks Pickering, manager, the Debtor estimated $10 million to $50 million in assets and $1 million to $10 million in liabilities. The Hon. Kevin R. Anderson is the case judge. Brent D. Wride, Esq., at Ray Quinney & Nebeker P.C., is the Debtor's counsel. FC GLOBAL: Extends Gadsden Merger Closing Date to February 2019 --------------------------------------------------------------- FC Global Realty Incorporated, FC Merger Sub, Inc., a Maryland corporation and wholly owned subsidiary of FC Global, Gadsden Growth Properties, Inc., a Maryland corporation and Gadsden Growth Properties, L.P., a Delaware limited partnership (the "Operating Partnership"), have entered into Amendment No. 1 to the Agreement and Plan of Merger to amend certain provisions of the Merger Agreement. On Nov. 8, 2018, the parties entered into the Merger Agreement pursuant to which, subject to the terms and conditions of the Merger Agreement, FC Merger Sub will merge with and into Gadsden, with Gadsden surviving the merger as a wholly owned subsidiary of FC Global. The parties agreed that notwithstanding disclosure in the respective disclosure letters of each party, the liabilities of Gadsden, on the one hand, and FC Global on the other, for the litigation and tax matters described in their respective disclosure letters would each be capped at $1 million and that there would be an adjustment to the merger consideration following the procedures described in Article VIII of the Merger Agreement if the liabilities of Gadsden or FC Global, as applicable, exceed the $1 million threshold. Any claim for an adjustment to the merger consideration as a result of the specified tax or litigation liabilities must be made on or before March 31, 2020 otherwise such claim will expire. In addition, the Amendment extends the closing date of the Merger in Section 1.2 of the Merger Agreement to Feb. 28, 2019 and amends Section 7.1(c) of the Merger Agreement to extend the effectiveness deadline for the joint proxy statement/prospectus to Feb. 28, 2019. OFI Investments As previously disclosed, on Sept. 24, 2018, FC Global entered into a remediation agreement with Opportunity Fund I-SS LLC and certain other parties, pursuant to which OFI agreed, among other things, to purchase $100,000 of shares of FC Global's Series D Preferred Stock for a purchase price of $0.65 per share on the last day of each month, commencing on Sept. 30, 2018, until it has purchased an aggregate of $500,000 of shares of Series D Preferred Stock; provided that, upon closing of any material business combination involving FC Global that is approved by OFI, OFI agreed to purchase an additional $1,500,000 of shares of Series D Preferred Stock at a price of $0.65 per share. Notwithstanding the foregoing, from and after the date that stockholder approval of the Remediation Agreement has been obtained, instead of purchasing shares of Series D Preferred Stock, OFI agreed to purchase shares of Common Stock at a price of $0.65 per share. As previously disclosed, on Sept. 28, 2018, the parties completed the first closing under the Remediation Agreement, pursuant to which OFI provided $100,000 to FC Global in exchange for 155,846 shares of Series D Preferred Stock, and on Oct. 31, 2018, the parties completed the second closing under the Remediation Agreement, pursuant to which OFI provided $100,000 to FC Global in exchange for 155,846 shares of Series D Preferred Stock. As previously disclosed, on Nov. 29, 2018, FC Global's stockholders approved the Remediation Agreement and all shares of Series D Preferred Stock issued to OFI were converted into shares of Common Stock. On the same date, the parties completed the third closing under the Remediation Agreement, pursuant to which OFI provided $100,000 to FC Global in exchange for 155,846 shares of Common Stock. On Dec. 31, 2018, OFI agreed, notwithstanding the investment schedule set forth in the Remediation Agreement, to provide the remaining funds to FC Global, and the parties completed a final closing under the Remediation Agreement, pursuant to which OFI provided $1.6 million to FC Global in exchange for 2,461,538 shares of Common Stock. On Dec. 31, 2018, OFI also provided an additional $200,000 to FC Global in exchange for 1,333,333 shares of Common Stock, or a purchase price of $0.15 per share, pursuant to a letter agreement, dated Dec. 29, 2018, between FC Global and OFI. About FC Global Realty Formerly known as PhotoMedex, Inc., FC Global Realty Incorporated (and its subsidiaries) founded in 1980, is transitioning from its former business as a skin health company to a company focused on real estate development and asset management, concentrating primarily on investments in high quality income producing assets, hotel and resort developments, residential developments and other opportunistic commercial properties. The company is headquartered in New York. As of Sept. 30, 2018, the Company had $5.36 million in total assets, $4.62 million in total liabilities, and $740,000 in total stockholders' equity. The report from the Company's independent accounting firm Fahn Kanne & Co. Grant Thornton Israel, in Tel Aviv, Israel, on the consolidated financial statements for the year ended Dec. 31, 2017, includes an explanatory paragraph stating that the Company has incurred net losses for each of the years ended Dec. 31, 2017 and 2016 and has not yet generated any revenues from real estate activities. As of Dec. 31, 2017, there is an accumulated deficit of $134.45 million. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. FINE LIGHT: Ch. 11 Trustee Files Liquidation Plan -------------------------------------------------- Gregory S. Fehribach, as Chapter 11 Trustee for Fine Light, Inc. and RMG Communications, LLC, filed a Chapter 11 liquidation plan and disclosure statement. The Trustee has investigated various Debtor transactions and asserted claims against Debtor-related companies for recovery of various transfers. The Trustee settled these claims and filed its Motion to Compromise and/or Settle on October 9, 2017. The Court approved the Motion to Compromise and/or Settle on February 12, 2018, and the settling parties paid to the Trustee $700,000.00. This payment, together with approximately $30,000.00 of the Debtor prepetition funds and $26,000 to be paid by Oak Point Partners, LLC, for Remnant Claims, constitute the estate to be distributed to creditors. The current balance held by the Trustee is $725,137.63. A full-text copy of the Disclosure Statement dated December 4, 2018, is available at: http://bankrupt.com/misc/insb18-1601854BHL11-253.pdf Attorneys for the Chapter 11 Trustee: David J. Jurkiewicz, Esq. BOSE MCKINNEY &EVANS LLP 111 Monument Circle, Suite 2700 Indianapolis, IN 46204 Tel: (317) 684-5000 Fax: (317) 684-5173 Email: djurkiewicz@boselaw.com Based in Bloomington, Indiana, Fine Light, Inc., dba Finelight, and RMG Communications LLC, dba Bloom Marketing, filed voluntary Chapter 11 petitions (Bankr. S.D. Ind. Case Nos. 16-01854 and 16-01855) on March 17, 2016. Fine Light was an advertising agency. The cases are jointly administered. Judge Robyn L. Moberly is assigned to the cases. The Debtors are presented by Wendy D. Brewer, Esq., and Caroline Ellona Richardson, Esq., at Jefferson & Brewer, LLC, in Indianapolis, Indiana. The Debtors' restructuring officer is Barron Business Consulting. At the time of filing, Fine Light had $254,537 in total assets and $15,760,000 in total debts, while RMG Communications had $2,517 in total assets and $13,680,000 in total debts. The petitions were signed by Kevin Todd, chief financial officer. FIRST ENERGY: Hires Middle River Power LLC as Technical Advisor --------------------------------------------------------------- FirstEnergy Solutions Corp., and its debtor affiliates seek authority from the U.S. Bankruptcy Court for the Northern District of Ohio, Eastern Division, to hire Middle River Power, LLC, as technical advisor. The Debtors requires Middle River to: -- work with the Debtors' management to negotiate fuel supply agreements across the fossil fleet; -- improve on existing plant business plans, including developing forced outage rate targets and related maintenance and capital spending plans; -- identify opportunities to outsource existing shared services functions and implement cost reductions; and -- assist in the transfer and integration of the Pleasants plant, to the extent the Debtors determine to take ownership of the facility. Middle River will charge a fee of $300,000.00 per month for its performance of the consulting services. James Suehr, Chief Financial Officer of Middle River Power LLC, attests that Middle River and all its employees are "disinterested persons" as that term is defined in Bankruptcy Code section 101(14), and neither Middle River nor any of its professionals holds any interest materially adverse to the estates. The advisor can be reached at: James Suehr Middle River Power LLC 200 West Madison Street, Suite 3810 Chicago, IL 60606 Phone: (312) 766-4564 About FirstEnergy Solutions Corp Akron, Ohio-based FirstEnergy Solutions, Corp. (FES) is a subsidiary of FirstEnergy Corp (NYSE:FE). FES -- http://www.firstenergycorp.com/-- provides energy-related products and services to retail and wholesale customers; and owns and operates 5,381 MWs of fossil generating capacity through its FirstEnergy Generation subsidiaries. FES also owns 4,048 MWs of nuclear generating capacity through its FirstEnergy Nuclear Generation subsidiary. Nuclear generating plants are operated by FirstEnergy Nuclear Operating Company (FENOC), which is a separate subsidiary of FirstEnergy Corp. On March 31, 2018, FirstEnergy Solutions and 6 affiliates, including FENOC, each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. N.D. Ohio Lead Case No. 18-50757). The cases are pending before the Honorable Judge Alan M. Koschik and the Debtors have requested that their cases be jointly administered under Case No. 18-50757. Parent company, First Energy Corp. and its other subsidiaries, including its regulated subsidiaries, are not part of the filing and will not be subject to the Chapter 11 process. First Energy Corp. listed $42.2 billion in total assets against $4.07 billion in total current liabilities, $21.1 billion in long-term debt and other long-term obligations and $13.1 billion in non-current liabilities as of Dec. 31, 2017. The Debtors tapped Akin Gump Strauss Hauer & Feld LLP as bankruptcy counsel; Brouse McDowell LPA as co-counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC, as restructuring advisor and Charles Moore as chief restructuring officer; and Prime Clerk as claims and noticing agent. The Debtors also tapped Willkie Farr & Gallagher LLP, Hogan Lovells US LLP and Quinn Emanuel Urquhart & Sullivan, LLP as special counsel. The U.S. Trustee for Region 9 appointed an official committee of unsecured creditors on April 12, 2018. Milbank, Tweed, Hadley & McCloy LLP and Hahn Loeser & Parks LLP serve as counsel to the committee. G MAN INSULATION: Hires Zwygart John & Associates as Accountant --------------------------------------------------------------- G Man Insulation LLC seeks authority from the U.S. Bankruptcy Court for the District of Idaho (Boise) to hire Zwygart John & Associates, CPAs, PLLC, as accountant. G Man needs Accountant to: a. prepare and file tax returns, including preparation of 1099's and quarterly reports; b. process payroll; and c. review and analyse business records of Debtor. Zwygart John's hourly rates are: Principals $200 Associates $100 Bookkeepers $65 Zwygart John & Associates is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), as disclosed in the court filing. The firm can be reached through: Tim John, CPA Zwygart John & Associates, CPAs, PLLC 1803 Ellis Ave Caldwell, ID 83605 Phone: 208-459-4649 About G Man Insulation G Man Insulation LLC is an insulation and drywall company based in Nampa, Idaho. G Man Insulation LLC filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Idaho Case No. 18-01600) on December 10, 2018, listing under $1 million in both assets and liabilities. Jeffrey Philip Kaufman at the Law Office of D. Blair Clark, PC is the Debtor's counsel. GIGA-TRONICS INC: Alara No Longer Owns Shares of Common Stock ------------------------------------------------------------- In a Schedule 13D/A filed with the Securities and Exchange Commission, these entities or individuals reported beneficial ownership of shares of common stock of Giga-Tronics Incorporation as of Dec. 31, 2018: Shares Percentage Beneficially of Outstanding Reporting Person Owned Shares ---------------- ------------ -------------- Alara Capital AVI II, LLC 0 0% Darren C. Wallis 133,402.37 1.21% W. Joseph Thompson 236,620 2.14% Lutz P. Henckels 54,682.58 0.50% The percentages are calculated based on the number of outstanding shares of Common Stock, 10,989,011, reported as of Nov. 2, 2018, in the Issuer's Form 10-Q filed with the SEC on Nov. 8, 2018, plus the number of shares of Common Stock issuable upon exercise or conversion of any shares of preferred stock, warrants or other similar securities held by the applicable person. On Dec. 31, 2018, Alara Capital AVI II, LLC, one of the Reporting Persons, effected an in-kind distribution, without consideration, of all of its shares of Common Stock, convertible preferred stock and warrants of the Issuer to its investors in connection with the wind-up and dissolution of the Alara Capital AVI II, LLC. As a result, the Reporting Persons no longer beneficially own more than 5% of the Common Stock. Pursuant to the In-Kind Distribution, (A) Darren C. Wallis, managing member of Maplewood Capital, LLC (f/k/a Avi Partners, LLC), acquired indirect beneficial ownership of (i) 63,828.89 shares of Common Stock and (ii) 69,573.48 shares of Common Stock issuable upon the exercise of Warrants to Purchase Common Stock, each held by Maplewood Capital, LLC and (B) Lutz P. Henckels acquired direct beneficial ownership of (i) 5,471 shares of Common Stock, (ii) 5,963 shares of Common Stock issuable upon the exercise of Warrants to Purchase Common Stock and (C) 6,444.58 shares of Common Stock issuable upon the conversion of Series B Convertible Voting Perpetual Preferred Stock. The Reporting Persons have filed the amendment to report the disposition of shares of Common Stock, convertible preferred stock and warrants of the Issuer following the In-Kind Distribution, without consideration, of such Issuer Securities by Alara Capital AVI II, LLC, one of the Reporting Persons, to its investors in connection with the wind up and dissolution of Alara Capital AVI II, LLC. As a result of the In-Kind Distribution, the Reporting Persons no longer beneficially own more than 5% of the Common Stock. This is the final amendment to this Schedule 13D and an exit filing for each Reporting Person as a "Reporting Person." A full-text copy of the regulatory filing is available at no charge at: https://is.gd/zCSShG About Giga-tronics Headquartered in Dublin, California, Giga-tronics Incorporated is a publicly held company, traded on the OTCQB Capital Market under the symbol "GIGA", which produces an Advanced Signal Generator (ASG) and an Advanced Signal Analyzer (ASA) for the electronic warfare market and YIG (Yttrium, Iron, Garnet) RADAR filters used in fighter jet aircraft. Giga-tronics produces instruments, subsystems and sophisticated microwave components that have broad applications in defense electronics, aeronautics and wireless telecommunications. Giga-Tronics reported a net loss of $3.10 million for the year ended March 31, 2018, compared to a net loss of $1.54 million for the year ended March 25, 2017. As of Sept. 29, 2018, the Company had $6.40 million in total assets, $4.87 million in total liabilities, and $1.52 million in total shareholders' equity. Armanino LLP's opinion included in the Company's Annual Report on Form 10-K for the year ended March 31, 2018 contains a going concern explanatory paragraph stating that the Company's significant recurring losses and accumulated deficit raise substantial doubt about its ability to continue as a going concern. GNC HOLDINGS: Will Issue 50,000 Add'l Preferred Shares to Hayao --------------------------------------------------------------- As previously disclosed, on Feb. 13, 2018, GNC Holdings, Inc. entered into a Securities Purchase Agreement by and between the Company and Harbin Pharmaceutical Group Holdings Co., Ltd., pursuant to which the Company agreed to issue and sell to the Investor, and the Investor agreed to purchase from the Company, 299,950 shares of a newly created series of convertible preferred stock of the Company, designed the "Series A Convertible Preferred Stock", for a purchase price of $1,000 per share, or an aggregate of approximately $300 million. The Convertible Preferred Stock is convertible into shares of the common stock of the Company at an initial conversion price of $5.35 per share, subject to customary anti-dilution adjustments. Pursuant to the terms of the Securities Purchase Agreement, the Investor assigned its interest in the Securities Purchase Agreement to Harbin Pharmaceutical Group Co., Ltd., a company incorporated in the People's Republic of China ("Hayao"). On Nov. 7, 2018, the Company and Hayao entered into an Amendment to the Securities Purchase Agreement, pursuant to which the Company and Hayao agreed, among other things, to complete the Securities Purchase as follows: (i) 100,000 shares of Preferred Stock which were issued on Nov. 8, 2018 for a total purchase price of $100,000,000, (ii) 50,000 shares of Preferred Stock to be issued on Dec. 28, 2018 for a total purchase price of $50,000,000 and (iii) 149,950 shares of Preferred Stock to be issued on Feb. 13, 2019 for a total purchase price of $149,950,000. On Jan. 2, 2019, Hayao advised the Company that Hayao caused the funding of the purchase price for the Second Issuance and delivered to the Company evidence of its payment. Upon receipt of funds, the Company will consummate the Second Issuance by issuing 50,000 shares of Preferred Stock to Hayao. The Company will provide an additional update upon consummation of, or the occurrence of any material developments with respect to, the Second Issuance. About GNC Holdings GNC Holdings, Inc., headquartered in Pittsburgh, PA, is a global specialty health, wellness and performance retailer. GNC connects customers to their best selves by offering an assortment of health, wellness and performance products, including protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. This assortment features proprietary GNC and nationally recognized third-party brands. GNC's diversified, multi-channel business model generates revenue from product sales through company-owned retail stores, domestic and international franchise activities, third-party contract manufacturing, e-commerce and corporate partnerships. As of Sept. 30, 2018, GNC had approximately 8,500 locations, of which approximately 6,400 retail locations are in the United States (including approximately 2,200 Rite Aid franchise store-within-a-store locations) and franchise operations in approximately 50 countries. GNC Holdings incurred a net loss of $148.9 million in 2017 and a net loss of $286.3 million in 2016. As of Sept. 30, 2018, the Company had $1.47 billion in total assets, $1.65 billion in total liabilities, and a total stockholders' deficit of $170.68 million. * * * As reported by the TCR on Nov. 15, 2018, S&P Global Ratings affirmed its 'CCC+' issuer credit rating on Pittsburgh-based vitamin and supplement retailer GNC Holdings Inc. and removed all of its ratings on the company from CreditWatch, where S&P placed them with negative implications on Feb. 14, 2018. "The affirmation reflects our belief that GNC's capital structure remains unsustainable over the long term in light of its current operating performance, including its cash flow generation, because of increased competitive threats amid the ongoing secular changes in the retail industry. HALCYON VALENCIA: Case Summary & 3 Unsecured Creditors ------------------------------------------------------ Debtor: Halcyon Valencia Partners, L.P. 5007 Vanalden Avenue Tarzana, CA 91356 Business Description: Halcyon Valencia Partners, L.P filed as a Domestic in the State of California on Nov. 9, 2012, according to public records filed with California Secretary of State. Chapter 11 Petition Date: December 31, 2018 Court: United States Bankruptcy Court Central District of California (San Fernando Valley) Case No.: 18-13100 Judge: Hon. Martin R. Barash Debtor's Counsel: Jeremy W. Faith, Esq. MARGULIES FAITH LLP 16030 Ventura Blvd Ste 470 Encino, CA 91436 Tel: 818-705-2777 Fax: 818-705-3777 E-mail: Jeremy@MarguliesFaithlaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Gurmeet Sahani, president of AGS Enterprises, Inc., general partner. A full-text copy of the petition containing, among other items, a list of the Debtor's three unsecured creditors is available for free at: http://bankrupt.com/misc/cacb18-13100.pdf HANGING HOOK: Plan Confirmation Hearing Scheduled for March 1 ------------------------------------------------------------- Bankruptcy Judge Elizabeth D. Katz issued a second order approving Hanging Hook, Inc.’s third amended disclosure statement to accompany its plan of reorganization dated Nov. 16, 2018. The court will hold a hearing on the confirmation of the plan and related matters on March 1, 2019 at 12:00 p.m. in the Federal Building and Courthouse, Courtroom 4, 595 Main Street, Worcester MA. Any objections to the confirmation of the plan must be filed no later than Jan. 31, 2018 at 4:30 p.m. Ballots must also be returned no later than Jan. 31, 2018. About Hanging Hook Inc. Hanging Hook Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Mass. Case No. 41271) on July 12, 2017, disclosing under $1 million in both assets and liabilities. The Debtor hired James P. Ehrhard, Esq., at Ehrhard & Associates, P.C. HELIOS AND MATHESON: Stockholders Elected Five Directors -------------------------------------------------------- Helios and Matheson Analytics Inc. held an annual meeting of stockholders on Dec. 27, 2018. A total of 1,668,207,926 shares of our common stock, par value $0.01 and 20,500 shares of the Company's Series A Preferred Stock were outstanding as of Dec. 5, 2018, the record date for the annual meeting. For each share of Common Stock held as of the record date, the holder was entitled to one vote on each proposal to be voted on. For each share of Preferred Stock held as of the record date, the holder was entitled to 3,205 votes on each proposal that was voted on. At the Annual Meeting, the stockholders: (a) elected Theodore Farnsworth, Muralikrishna Gadiyaram, Prathap Singh, Gavriel Ralbag, and Joseph Fried to serve as directors until the next annual meeting or until the election and qualification of their successors; (b) ratified the appointment of Rosenberg Rich Baker Berman, P.A. as the independent auditor of the Company for the year ending Dec. 31, 2018; and (c) approved, on an advisory basis, the 2017 compensation of the Company's named executive officers. About Helios and Matheson Helios and Matheson Analytics Inc. -- http://www.hmny.com/-- is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, business intelligence, and consumer-centric technology. More recently, to provide greater value to stockholders, the Company has sought to expand its business primarily through acquisitions that leverage its capabilities and expertise. The Company is headquartered in New York City, has an office in Miami Florida and has an office in Bangalore India. The Company's common stock is listed on The Nasdaq Capital Market under the symbol "HMNY". Helios and Matheson reported a net loss of $150.8 million for the year ended Dec. 31, 2017, compared to a net loss of $7.38 million for the year ended Dec. 31, 2016. As of Sept. 30, 2018, Helios and Matheson had $132.70 million in total assets, $60.62 million in total liabilities, and $72.08 million in total stockholders' equity. The report from the Company's independent accounting firm Rosenberg Rich Baker Berman, P.A., in Somerset, New Jersey, on the consolidated financial statements for the year ended Dec. 31, 2017, includes an explanatory paragraph stating that the Company has suffered recurring losses from operations and negative cash flows from operating activities. This raises substantial doubt about the Company's ability to continue as a going concern. HOOK LINE: $560K Cash Infusion Proposed in R. Jurasek Plan ---------------------------------------------------------- Robert Jurasek filed with the U.S. Bankruptcy Court for the District of Alaska a disclosure statement in support of his proposed plan of reorganization for Debtor Hook Line & Sinker, Inc. Jurasek is a 16% owner of the Debtor (as well as an equity owner in each of the sister entities of the Debtor). Jurasek, as an equity holder, proposes the "New Value" plan of reorganization, whereby Jurasek will infuse $560,000 in new cash into the new "Reorganized Debtor," to be paid to various creditors at confirmation according to the Plan. The plan proposes to pay all allowed creditors' principal claims, over time, with a $560,000 cash infusion to be disbursed at confirmation and cash flows of mostly the Reorganized Debtor and partially by Big Island of Hawaii, Big Island Alehouse, LLC per the Settlement Agreement with Carl Brady/Collin Szymanski. It is anticipated that HLS will pay off the principal of every creditor within 5 years (sooner for most classes). At the Effective Date, Reorganized Debtor will have cash on hand sufficient to pay all administrative claims, or will have an agreement in place to pay them over time, any GAP claims ($119,564), and U.S. Trustee fees. The Reorganized Debtor will also pay at confirmation (the Effective Date) $300,000 to Salamatof Native Association, Inc. to settle its adversary proceeding, $130,000 to Brady/Szymanski to settle its adversary proceeding, and $130,000 to the UCC. After the Effective Date, HLS, as the "Reorganized Debtor," with new equity ownership to be held by Jurasek and Salamatof will be permitted to operate Humpy's Great Alaskan Alehouse in the ordinary course. The IRS and the State of Alaska are the only parties with secured or priority claims for payroll and withholding taxes. Each of these claims will be paid in full, with 5% interest, over four years. All allowed remaining unsecured creditors will be paid their full principal over time. Class 1 unsecured creditors will be paid in full, with no interest, within two years. Class 1 creditors will receive a one-time payment of $130,000, after the Class 2 election has occurred and upon confirmation, from the new value paid by Jurasek, to be distributed pro rata. Class 1 creditors will also receive semi-annual payments of $100,000 shared pro rata, commencing on June 30, 2019 and continuing on Dec. 31, 2019 and on June 30 and December 31 of each succeeding calendar year until paid in full. Classes 4-5 will be paid in full, with interest, within five years (but payments won’t begin until Class 1 is paid without interest in full). Class 3 will be paid until such time as Class 4 has been paid in full (plus the claims of Mitchell and Buchholdt), and thereafter any remaining Class 3 claim will be extinguished Performance of the Plan is based upon the Reorganized Debtor achieving the budgeted cash flow projections for Humpy's. The risks associated with accomplishment of this task are primarily impacted by local and state economic conditions. Economic conditions in the State of Alaska are uncertain at the current time. The Alaska economy is heavily dependent on oil revenues, which are in turn heavily dependent on the per barrel price of oil. Oil is selling at a low rate and the State of Alaska is financially suffering. Debtor's long-standing reputation makes it less likely to feel the impact of a downturn in the State economy. A copy of Jurasek's Disclosure Statement is available at https://tinyurl.com/ycoz9nml from Pacermonitor.com at no charge. Counsel for R. Jurasek: Michael R. Mills, Esq. Shane K. Kanady, Esq. DORSEY & WHITNEY LLP 1031 W. 4th Avenue, Suite 600 Anchorage, AK 99501-5907 Phone: (907) 276-4557 Fax: (907) 276-4152 Email: mills.mike@dorsey.com kanady.shane@dorsey.com About Hook Line & Sinker Inc. Hook Line & Sinker, Inc., filed for Chapter 11 bankruptcy protection (Bankr. D. Alaska Case No. 17-00415). Judge Gary Spraker presides over the case. David H. Bundy, Esq., is the Debtor's bankruptcy counsel. HOYT CONTRACTORS: Seeks Authorization to Use Cash Collateral ------------------------------------------------------------ Hoyt Contractors, LLC, seeks authorization from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral in the ordinary course of its business. The Debtor requests the Court authorize and approve its use of cash collateral, which include proceeds of income from jobs to the Debtor valued at approximately $50,000 per month as of Oct. 31, 2018. The Debtor seeks authorization to use all of the cash proceeds and income from the collateral in order to operate its business and make payments that arise in the administration of the Chapter 11 case and in the ordinary course of business. The Debtor has an immediate need to use its funds to continue the operation of the business, to pay the necessary utilities, and to complete construction of those units that remain incomplete. The Debtor avers it has no other significant source of income at this time other than the collection of its accounts receivable which constitutes cash collateral. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/laeb18-13255-17.pdf About Hoyt Contractors Hoyt Contractors, LLC, constructs pole barns and is 100 percent owned by Terry and Loreasa Hoyt. Hoyt Contractors sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La. Case No. 18-13255) on Dec. 7, 2018. In the petition signed by Loreasa Hoyt, manager, the Debtor estimated assets and liabilities of less than $1 million. Judge Elizabeth W. Magner oversees the case. The Debtor tapped Phillip K. Wallace, PLC as its legal counsel. HUT AIRPORT LIMOUSINE: Seeks Authorization to Use Cash Collateral ----------------------------------------------------------------- HUT Airport Limousine, Inc., d/b/a HUT Airport Shuttle, requests the U.S. Bankruptcy Court for the District of Oregon to authorize the non-consensual use of cash collateral in the ordinary course of its business. A final hearing on the Debtor's Cash Collateral Motion will be held on Jan. 8, 2019 at 11:00 a.m. The Debtor requires the use of cash collateral in either scenario for continued operation in an effort to reorganize, or in order to implement an orderly liquidation process if reorganization is not possible. The Debtor submits all of its cash on the Petition Date constitutes cash collateral, so the Debtor can neither continue to operate nor liquidate its business in an orderly manner without the use of cash collateral. The Debtor believes that the use of cash collateral will not harm its primary lender, Columbia State Bank, because if Debtor cannot reorganize, its use of cash collateral will result in an increase in the liquidation value of the Bank's collateral. As of the Petition Date, the Debtor owed Columbia State Bank approximately $1,192,903 pursuant to the terms of that certain Credit and Security Agreement, secured by (i) a security interest in substantially all of Debtor's personal property; and (ii) and a lien on the real estate of the Debtor's President, Doris Hutmacher located at 34030 Excor Rd. SW, Albany, Oregon with an assessed real market value of $719,620. Further, to the extent that Debtor's secondary secured creditors -- Fundation Group and Expansion Capital -- have either a secured or unsecured claim, the Debtor asserts that use of the cash collateral will produce income needed to pay creditors and liquidation would likely pay the secondary creditors nothing. Fundation Group is owed approximately $45,000, secured by a security interest in substantially all of Debtor's personal property. Expansion Capital is owed approximately $98,001 pursuant to the terms of that certain Credit and Security Agreement, secured by a security interest in substantially all of Debtor's personal property. The Debtor is prepared to provide the following additional adequate protection: (i) Creditors who hold a right to cash collateral should be granted a post-petition security interest in an amount equal to the diminution in the value of their interest in cash collateral and the collateral, with the same relative priorities as between the Secured Creditors as they enjoyed in such cash collateral at the beginning of this case, if any. (ii) Cash Collateral will be used only in accordance with the Budget. (iii) The Debtor will timely file its monthly operating reports. (iv) Debtor expects to have a plan of reorganization filed promptly. Columbia Bank will receive additional adequate protection in the form of the payments Debtor pays in rent in the amount of $4,110 per month. The loan of Columbia Bank is secured not only by the cash of the Debtor, but also the real estate owned by Doris Hutchinson. The Debtor proposes to continue paying Hutchinson for the use of the real estate. Hutchinson will in turn continue making payments to Columbia Bank. If required, Debtor will make the rental payments directly to Columbia Bank so that the payments remain under the jurisdiction of the Court. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/orb18-63699-13.pdf About HUT Airport Limousine HUT Airport Limousine, Inc., doing business as HUT Airport Shuttle -- http://www.hutshuttle.com/-- is an airport shuttle services company based in Albany, Oregon. Hut Shuttle has pick-up and drop-off service at the following locations: Albany (HUT Office), Albany Comfort Suites, Corvallis (Hilton Garden), Eugene (UO Student Rec Center), OSU McNary Hall (West stairwell), Portland Airport (PDX), Salem Airport (SLE), and Woodburn (Best Western). HUT Airport Limousine filed a Chapter 11 petition (Bankr. D. Ore. Case No. 18-63699) on Dec. 6, 2018. Judge Thomas M. Renn oversees the case. Barnes Law Offices, PC, led by principal, Keith D. Karnes, is the Debtor's counsel. IDEANOMICS INC: Signs Deal for Tianjin Bus Conversion Financing --------------------------------------------------------------- Ideanomics has entered into an agreement with the National Transportation Capacity Co Ltd (NTS), as a specific financing mandate under the original framework agreement announced by Ideanomics in August 2018. This additional agreement is for the initial tranche of asset-backed financing and comes as a result of NTS finalizing a deal with the city of Tianjin, China's fourth-largest city, to re-finance existing asset-backed financing for electric bus conversion, valued at over 57Billion RMB (approximately $8.25Billion USD). This initial mandate from NTS is the first of several anticipated in the coming months under the 260Billion RMB framework agreement between NTS and Ideanomics. Under the terms of deal, Ideanomics will provide advisory services to NTS, including working with established financial services partners to assist with the underwriting, marketing, and sale of the financing. Ideanomics is finalizing terms with those partner firms and anticipates being able to make partner announcements in the near-term. The Company will derive revenues under the deal based on fees of 1% of financing raised. This amount is net of partner fees but will be subject to certain underwriting and marketing costs. The market size for the mandatory replacements and upgrades to achieve fully-electric bus operations in China is estimated at 1Trillion RMB (approx. $145B), with the Chinese government requiring the conversion of public transport vehicles to electric power by 2021. NTS is the largest full-service provider for electric bus operators with sales, lease financing, a charging station network, and real-time data services including media, payments, maps, and facial recognition. The re-financing program Ideanomics has developed is designed to save cities and municipalities 2% or more versus traditional annual interest rates for this type of asset-backed financing. The Company intends to launch a blockchain-based asset registration platform, subject to the city operators' endorsement and systems support, in conjunction with the re-financing program. This registration platform is intended to deliver the highest-level of transparency for the underlying assets provided as the foundation for underwriting the offering and, as a result, elevate asset registration beyond traditional asset monitoring methods. Alfred Poor, president & COO, of Ideanomics, "We are very grateful to our colleagues in China for their hard work and effort since securing the original agreement with NTS, which has resulted in securing the first mandate under that deal. We are now focused on working with our institutional banking partners in the region to secure the required re-financing for the city of Tianjin's electric bus conversion project. We anticipate the offering will come to market in Q1 and extend through Q2 and Q3, until the financing mandate is filled. This deal enables us to demonstrate Ideanomics' core strengths of deal origination and enablement, along with the application of new technologies which we believe will form part of the evolution of the financial services industry." About Ideanomics Ideanomics, formerly known as Seven Stars Cloud Group, Inc., seeks to become a next generation fintech company by leveraging blockchain and artificial intelligence technologies. The Company is headquartered in New York, NY, and has planned a "Fintech Village" center for Technology and Innovation in West Hartford, CT, and has offices in London, Hong Kong and Beijing, China. Seven Stars reported a net loss of $10.19 million for the year ended Dec. 31, 2017, compared to a net loss of $28.50 million for the year ended Dec. 31, 2016. As of Sept. 30, 2018, Ideanomics had $167.72 million in total assets, $123.10 million in total liabilities, $1.26 million in convertible redeemable preferred stock, and $43.35 million in total equity. B F Borgers CPA PC's report on the consolidated financial statements for the year ended Dec. 31, 2017, contains an explanatory paragraph expressing substantial doubt regarding the Company's ability to continue as a going concern. The auditors stated that the Company incurred recurring losses from operations, has net current liabilities and an accumulated deficit that raise substantial doubt about its ability to continue as a going concern. INDUSTRIAL FABRICATORS: Allowed to Use Bennington Cash Collateral ----------------------------------------------------------------- The Hon. Robert D. Berger of the U.S. Bankruptcy Court of the District of Kansas inked his approval on the Stipulation and Interim Order regarding Industrial Fabricators & Installers, Inc.'s use of the cash collateral of its secured creditor, Bennington State Bank. The Court will hold a hearing on Jan. 17, 2019 at 1:30 p.m. to take up the Debtor's Emergency Motion for Use of Cash Collateral and the Stipulation and Interim Order for Use of Cash Collateral. Pursuant the Stipulation and Interim Order, the Debtor and Bennington have agreed to certain terms and conditions including, without limitation under which the Debtor will be entitled to continue to use the Post-Petition Revenues until Jan. 31, 2019 as an interim order and if approved at the hearing on Jan. 17, 2019, the use will be allowed to continue on a final basis until April 30, 2019, or until the confirmation of the Debtor's Chapter 11 bankruptcy plan, whichever is earlier. The Debtor has borrowed funds from Bennington for the operation of its business. As of Nov. 29, 2018, the Debtor is indebted to Bennington for two loans, one in the amount of $99,923 for principal and interest; and the second loan in the amount of $129,004 for principal and interest. The personal property pledged by the Debtor to Bennington as collateral for both loans includes, among other assets: all bank accounts, equipment, accounts receivable, vehicles, trailers and general intangibles. Bennington has a first priority lien and security interest in the collateral, the cash collateral, the post-petition revenues. In the divorce between the shareholder Marc McIntire and his former spouse Rhonda McIntire, the state court judge directed that the Debtor pay Rhonda McIntire for her share of the company be paid $360,000 plus interest and that Marc McIntire would pledge his stock as collateral and the Debtor would pledge its accounts receivable, equipment, inventory, supplies and other assets of the Debtor. Rhonda McIntire has a second priority lien and security interest in the collateral, the cash collateral, and the post-petition revenues. The Debtor grants Bennington and Rhonda McIntire valid, perfected and enforceable post-petition security interests in and liens upon all tangible and intangible personal property of the estate, including but not limited to, bank accounts, accounts receivable, tools, equipment, general intangibles, contract rights, and chattel paper of the Debtor generated or acquired by the Debtor as debtor-in-possession on or after the Petition Date, and to the extent that such stay, use, or sale results in a decrease in the value of such entity's interest in the Collateral pursuant to Section 361(2) of the Bankruptcy Code. In addition, the Debtor will pay Bennington the sum of $1,295 per month as interest only on the two loans for the months of December, January and February, to be paid on the 6th of the month. Thereafter, Debtor will pay Bennington for the months of March and April payments of principal and interest of $4,884.21 on the two loans. Moreover, the Debtor will pay Rhonda McIntire the sum of $2,300 per month as set forth in the budget. According to Stipulation and Interim Order, (a) Bennington will have access to the Collateral for inspection and examination and Debtor's business; and (b) the Debtor will provide to Bennington, contemporaneously upon filing with the Court or the U.S. Trustee, each of the monthly operating reports which are required to be filed with the Court and the U.S. Trustee, and the Debtor will promptly provide all other reports or financial data reasonably requested by Bennington. A full-text copy of the Stipulation and Interim Order is available at http://bankrupt.com/misc/ksb18-22462-30.pdf About Industrial Fabricators & Installers Industrial Fabricators & Installers, Inc., is a privately held company in the stainless steel fabrication industry. The Company offers a broad range of services centered on the custom fabrication or modification of food handling, processing and packaging equipment, as well as various installation services. The Company is headquartered in Salina, Kansas. Industrial Fabricators & Installers filed a Chapter 11 petition (Bankr. D. Kan. Case No. 18-22462) on Nov. 29, 2018. In the petition signed by Marc R. McIntire, president, the Debtor reported total assets of $490,885 and liabilities of $1,995,929 as of the bankruptcy filing. Judge Robert D. Berger oversees the case. Erlene W. Krigel, Esq., of Krigel & Krigel, PC, serves as Debtor's counsel, and Eric Homolka is the Debtor's financial consultant. INPIXON: Enters Into $1.9-Mil. NPA & $3-Mil. Loan Transaction ------------------------------------------------------------- Inpixon has entered into a note purchase agreement with an institutional investor pursuant to which the Company agreed to issue and sell to the Holder an unsecured promissory note in an aggregate principal amount of $1,895,000, which is payable on or before the date that is 10 months from the issuance date. The Initial Principal Amount includes an original issue discount of $375,000 and $20,000 that the Company agreed to pay to the Holder to cover the Holder's legal fees, accounting costs, due diligence, monitoring and other transaction costs. In exchange for the Note, the Holder paid an aggregate purchase price of $1,500,000. The terms of the Note include: Interest. Interest on the Note accrues at a rate of 10% per annum and is payable on the maturity date or otherwise in accordance with the Note. Prepayment. The Company may pay all or any portion of the amount owed earlier than it is due; provided, that in the event the Company elects to prepay all or any portion of the outstanding balance, it will pay to the Holder 115% of the portion of the outstanding balance the Company elects to prepay. Redemption. Beginning on the date that is 6 months from the issuance date and at the intervals indicated below until the Note is paid in full, the Holder shall have the right to redeem up to an aggregate of 1/3 of the initial principal balance of the Note each month by providing written notice delivered to the Company; provided, however, that if the Holder does not exercise any Monthly Redemption Amount in its corresponding month then such Monthly Redemption Amount will be available for the Holder to redeem in any future month in addition to such future month’s Monthly Redemption Amount. Upon receipt of any Monthly Redemption Notice, the Company will pay the applicable Monthly Redemption Amount in cash to the Holder within five business days of the Company's receipt of such Monthly Redemption Notice. Default Events. The Note includes customary event of default provisions, subject to certain cure periods, and provides for a default interest rate of 22%. Upon the occurrence of an event of default (except a default due to the occurrence of bankruptcy or insolvency proceedings), the Holder may, by written notice, declare all unpaid principal, plus all accrued interest and other amounts due under the Note to be immediately due and payable at an amount equal to 115% of the outstanding balance of the Note. Upon the occurrence of a Bankruptcy-Related Event of Default, without notice, all unpaid principal, plus all accrued interest and other amounts due under the Note will become immediately due and payable at the Mandatory Default Amount. Pursuant to the terms of the Purchase Agreement, if at any time while the Note is outstanding, the Company intends to enter into a financing pursuant to which it will issue securities that (A) have or may have conversion rights of any kind, contingent, conditional or otherwise, in which the number of shares that may be issued pursuant to such conversion right varies with the market price of the Company's common stock, or (B) are or may become convertible into common stock (including without limitation convertible debt, warrants or convertible preferred stock), with a conversion price that varies with the market price of the common stock, even if such security only becomes convertible following an event of default, the passage of time, or another trigger event or condition, then the Company must first offer such opportunity to the Holder to provide such financing to the Company on the same terms no later than five trading days immediately prior to the trading day of the expected announcement of the Future Offering. If the Holder is unwilling or unable to provide such financing to the Company within five trading days from the Holder's receipt of notice of the Future Offering from the Company, then the Company may obtain such financing upon the exact same terms and conditions offered by the Company to the Holder, which transaction must be completed within 30 days after the date of the notice. If the Company does not receive the financing within 30 days after the date of the notice, then the Company must again offer the financing opportunity to the Holder, and the process detailed above will be repeated. The Right of First Refusal does not apply to an Exempt Issuance (as defined in the Purchase Agreement) or to a publicly marketed offering made pursuant to a registration statement on Form S-1 or Form S-3. In addition, pursuant to the terms of the Purchase Agreement, so long as the Note is outstanding, the Holder has the right to participate in any offering of securities by the Company which contains any term or condition more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to the Holder. The Participation Right does not apply in connection with an offering of securities which qualifies as an Exempt Issuance, a transaction under Section 3(a)(10) of the Securities Act of 1933, as amended, a publicly marketed offering made pursuant to a registration statement on Form S-1 or Form S-3, or in connection with the satisfaction of outstanding trade payables. The Purchase Agreement also provides for indemnification of the Holder and its affiliates in the event that they incur loss or damage related to, among other things, a breach by the Company of any of its representations, warranties or covenants under the Purchase Agreement. The Company intends to use the net proceeds from the sale of the Note for general working capital purposes. Sysorex Loan Transaction On Dec. 31, 2018, the Company and Sysorex, Inc. entered into a note purchase agreement pursuant to which the Company agreed to purchase from Sysorex at a purchase price equal to the Loan Amount, a secured promissory note for up to an aggregate principal amount of $3,000,000, including any amounts advanced through the date of the Secured Note, to be borrowed and disbursed in increments, with interest to accrue at a rate of 10% per annum on all such Loan Amounts, beginning as of the date of disbursement with respect to any portion of such Loan Amount. In addition, Sysorex agreed to pay $20,000 to the Company to cover the Company's legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Secured Note, all of which amount is included in the Principal Amount. The initial Loan Amount, therefore, includes any amounts disbursed to Sysorex and the Transaction Expense Amount. Sysorex may borrow repay and borrow under the Secured Note, as needed, for a total outstanding balance, exclusive of any unpaid accrued interest, not to exceed the Principal Amount at any one time. All sums advanced by the Company to the Maturity Date pursuant to the terms of the Note Purchase Agreement will become part of the aggregate Loan Amount underlying the Secured Note. All outstanding principal amounts and accrued unpaid interest owing under the Secured Note will become immediately due and payable on the earlier to occur of (i) the 24 month anniversary of the date the Secured Note is issued, (ii) at such date when declared due and payable by the Company upon the occurrence of an Event of Default (as defined in the Secured Note), or (iii) at any such earlier date as set forth in the Secured Note. All accrued unpaid interest shall be payable in cash. Pursuant to the terms of the Secured Note, Sysorex granted the Company, subject to any and all Payplant Liens (as defined in the Secured Note) and Permitted Liens (as defined in the Secured Note), a continuing first priority security interest in all assets of Sysorex whether owned as of the date of the Secured Note or subsequently acquired, including all proceeds therefrom to secure the payment of the Secured Note and all other loans and advances (including all renewals, modifications and extensions thereof) and all obligations of any and every kind and nature of Sysorex to the Company, whether arising prior to, under or after the date of the Secured Note, however incurred or evidenced, plus all interest, reasonable costs, reasonable expenses and reasonable attorneys' fees, which may be made or incurred by the Company in the disbursement, administration, and collection of such amounts, and in the protection, maintenance, and liquidation of the Collateral. About Inpixon Headquartered in Palo Alto, California, Inpixon is a technology company that helps to secure, digitize and optimize any premises with Indoor Positioning Analytics (IPA) for businesses and governments in the connected world. Inpixon Indoor Positioning Analytics is based on new sensor technology that finds all accessible cellular, Wi-Fi, Bluetooth and RFID signals anonymously. Paired with a high-performance, data analytics platform, this technology delivers visibility, security and business intelligence on any commercial or government premises worldwide. Inpixon's products, infrastructure solutions and professional services group help customers take advantage of mobile, big data, analytics and the Internet of Things (IoT). Inpixon reported a net loss of $35.03 million for the year ended Dec. 31, 2017, compared to a net loss of $27.50 million for the year ended Dec. 31, 2016. As of Sept. 30, 2018, Inpixon had $12.99 million in total assets, $3.96 million in total liabilities and $9.02 million in total stockholders' equity. Marcum LLP, in New York, the Company's auditor since 2012, issued a "going concern" opinion in its report on the Company's consolidated financial statements for the year ended Dec. 31, 2017, citing that the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Nasdaq Noncompliance Inpixon received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC on May 17, 2018, indicating that, based upon the closing bid price of the Company's common stock for the last 30 consecutive business days beginning on April 5, 2018 and ending on May 16, 2018, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). INPRINT MANAGEMENT: Judge Signs Final Agreed Cash Collateral Order ------------------------------------------------------------------ The Hon. Joan N. Feeney of the U.S. Bankruptcy Court for the District of Massachusetts has signed a final agreed order authorizing InPrint Management, Inc.'s use of cash collateral. The Debtor is authorized to use cash collateral subject to following conditions: (a) All cash collateral will be deposited in accordance with the Franchise Agreement between the Debtor and PFG Venture, LP. (b) The Debtor is prohibited from using proceeds of any sales of assets outside of the ordinary course of business, which use will be determined by further Court order. (c) The Debtor will instruct all of its customers to pay PFG Venture directly for all products and services sold under its franchised business, in accordance with the Franchise Agreement and consistent with the ordinary course of the business of the Debtor and PFG Venture as it existed prepetition. PFG Venture, LP and Federated Law Group are each granted a replacement lien in all accounts, inventory, machinery, equipment, general intangibles, intellectual property, goods and leasehold interests, as well as all products and proceeds thereof, generated or acquired by the Debtor post-petition, to the same extent as existed prior to the Chapter 11 filing. However, said liens will not attach to any avoidance actions pursuant to Chapter 5 of the Bankruptcy Code or the proceeds thereof. A full-text copy of the Final Agreed Order is available at: http://bankrupt.com/misc/mab18-11931-107.pdf About Inprint Management, Inc. d/b/a Proforma InMotion InPrint Management, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 18-11931) on May 24, 2018. In the petition signed by its president, Kevin Montecalvo, the Debtor estimated assets of less than $50,000 and debt ranging $500,000 to $1 million. George J. Nader, Esq., at Riley & Dever, P.C., serves as the Debtor's counsel. INTERIOR COMMERCIAL: Hires David C. Johnston as Attorney -------------------------------------------------------- Interior Commercial Installation, Inc., seeks authority from the United States Bankruptcy Court for the Northern District of California (Oakland) to hire David C. Johnston as its attorney for the Chapter 11 case. The services Mr. Johnston will render are: (a) give the Debtor legal advice about various bankruptcy options, including relief under Chapters 7 and 11 and legal advice about non-bankruptcy alternatives for dealing with the claims against the Debtor; (b) give the Debtor in Possession legal advice about its rights, powers, and obligations in the Chapter 11 case and in the management of the estate; (c) take necessary action to enforce the automatic stay and to oppose motions for relief from the automatic stay; (d) review and if necessary, file adversary complaints to recover and avoid any preferential or fraudulent transfers; (e) appear with the Debtor's president member at the meeting of creditors, initial interview with the U.S. Trustee, status conference, and other hearings held before the Court; (f) review and if necessary, object to proofs of claim; (g) take steps to obtain Court authority for the use of cash collateral; (h) prepare a plan of reorganization and a disclosure statement and taking all steps necessary to bring a plan to confirmation, if possible; and (i) review and litigate, if necessary, the "sale of accounts receivable" transactions which led to the Chapter 11 case, including the issues of usury, validity of "blank" confessions of judgment, and possible recovery of preferential transfers within the 90 days preceding the petition date. Mr. Johnston will charge $360.00 per hour for his services. Mr. Johnston receives $4,500.00 for prepetition legal services in preparation of the Chapter 11 case and $1,717.00 filing fee. Mr. Johnston does not hold any interest adverse to the estate, does not represent any interest adverse to the estate, and he is a disinterested person as defined in Sec. 101(14) of the Bankruptcy Code, as disclosed in the court filing. The attorney can be reached at: David C. Johnston, Esq. LAW OFFICES OF DAVID C. JOHNSTON 1600 G St. #102 Modesto, CA 95354 Tel: (209) 579-1150 E-mail: david@johnstonbusinesslaw.com About Interior Commercial Interior Commercial Installation, Inc., offers commercial clients a wide variety of countertop surfaces, all the latest trends and traditional materials, colors, patterns, and finishes that meet their business needs. Based in Brentwood, California, Interior Commercial Installation, Inc. filed a voluntary petition in this Court under Chapter 11 of Title 11, United States Code (Bankr. N.D. Cal. Case No. 18-42874) on Dec. 7, 2018. In the petition signed by Jens C. Jensen, president, the Debtor disclosed $1,944,548 in assets and $1,408,103 in liabilities. David C. Johnston, head of the Law Offices of David C. Johnston, is the Debtor's attorney. J&M MANAGEMENT: Case Summary & 3 Unsecured Creditors ---------------------------------------------------- Debtor: J&M Management of Nassau Corp. 47 Crescent Cove Court Seaford, NY 11783 Business Description: J&M Management of Nassau Corp. filed as a Single Asset Real Estate company (as defined in 11 U.S.C. Section 101(51B)). The Company owns a commercial building located at 97-20 99th Street Ozone Park, NY 11416 with a comparable sale value of $2.50 million. Chapter 11 Petition Date: January 1, 2019 Court: United States Bankruptcy Court Eastern District of New York (Central Islip) Case No.: 19-70001 Judge: Hon. Alan S. Trust Debtor's Counsel: Richard S. Feinsilver, Esq. RICHARD S. FEINSILVER One Old Country Road, Suite 125 Carle Place, NY 11514 Tel: (516) 873-6330 Fax: (516) 873-6183 E-mail: feinlawny@yahoo.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Josephine Valletta, president. A full-text copy of the petition containing, among other items, a list of the Debtor's three unsecured creditors is available for free at: http://bankrupt.com/misc/nyeb19-70001.pdf KENDALL FROZEN: Seeks to Hire Holthouse Carlin as Accountant ------------------------------------------------------------ Kendall Frozen Fruits, Inc., seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Holthouse Carlin Van Tright, LLP as its accountant. The services to be provided by the firm include the preparation of tax returns; assisting the Debtor in formulating financial and operating plans; advising the Debtor regarding the management of its business and business plans; participating in negotiations; and assisting the Debtor in the preparation of a plan of reorganization. Holthouse will charge an hourly fee of $550 for its services. Norman Tamkin, a partner at Holthouse, disclosed in a court filing that the firm does not hold any interest adverse to the Debtor's estate, creditors and equity security holders. Holthouse can be reached through: Norman J. Tamkin Holthouse Carlin Van Tright, LLP 15760 Ventura Blvd., Suite 1700 Encino, CA 91436 Tel: 818.849.3140 / 818.849.3151 Fax: 818.849.3141 Email: NormT@hcvt.com About Kendall Frozen Fruits Newport Beach, California-based Kendall Frozen Fruits, Inc. -- https://www.kendallfruit.com/ -- is an industrial food supplier specializing in the sale and marketing of fruit and vegetable products since 1939. It offers frozen fruits, dried fruits, juice concentrates, purees, freeze dried fruit, fruit powders, vegetable products, chocolate covered dried fruit, and yogurt covered dried fruit. Kendall Frozen Fruits sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 18-14052) on Nov. 5, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of the same range. Judge Scott C. Clarkson oversees the case. SulmeyerKupetz, A Professional Corporation is the Debtor's counsel. KEYSTONE PODIATRIC: Plan Confirmation Hearing Set for Feb. 5 ------------------------------------------------------------ Bankruptcy Judge Henry W. Van Eck approved Keystone Podiatric Medical Associates, P.C.'s disclosure statement referring to a chapter 11 plan dated Nov. 2, 2018. Jan. 22, 2019, is fixed as the last day for submitting written acceptances or rejections of the plan, and the last day for filing and serving written objections to confirmation of the plan. Feb. 5, 2019, at 9:30 am in the United States Bankruptcy Court, The Ronald Reagan Federal Building, Bankruptcy Courtroom, Third Floor, Third and Walnut Streets, Harrisburg, PA 17101, is fixed for the hearing on confirmation of the plan. About Keystone Podiatric Medical Associates Keystone Podiatric Medical Associates, P.C. -- https://www.keystonefootdoc.com/ -- provides foot and ankle care in Biglerville, West Shore, Londonderry, and Paxtonia. Keystone Podiatric sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 18-00062) on Jan. 9, 2018. In the petition signed by Richard A. Rogers, DPM, CEO, the Debtor estimated assets of less than $50,000 and liabilities of $1 million to $10 million. Judge Henry W. Van Eck presides over the case. Cunningham, Chernicoff & Warshawsky, P.C., is the Debtor's counsel. Drake Hileman & Davis, P.C., is the special counsel. KIDS FOUNDATION: Jan. 8 Hearing on Plan Confirmation Set -------------------------------------------------------- Bankruptcy Judge Stacey L. Meisel issued an order conditionally approving Kids Foundation Day Care LLC's disclosure statement referring to a chapter 11 plan dated Oct. 5, 2018. Written acceptance, rejections, or objections to the plan must be filed not less than seven days before the hearing on the confirmation of the plan. Jan. 8, 2019 at 11:00 a.m. is fixed as the date and time for the hearing on the confirmation of the plan. About Kids Foundation Day Care Kids Foundation Day Care LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-14768) on March 12, 2018. In the petition signed by Michael Unegbu, managing member, the Debtor disclosed that it had estimated assets and liabilities of less than $50,000. Middlebrooks Shapiro, P.C., is the Debtor's bankruptcy counsel. KING'S PEAK: MBL Plan Schedules $621K Unsecured Claims ------------------------------------------------------ Macquarie Bank Limited (MBL), a senior secured creditor, filed with the District of Colorado a disclosure statement in support of its Chapter 11 liquidating plan for King's Peak Energy, LLC. Under the Plan, the MBL Secured Claim calculated as of November 30, 2018, including interest as provided for under the MBL Loan Documents, but without the addition of fees and costs provided for under the MBL Loan Documents, amounts to $21,835,515.71 and continues to accrue interest to the extent allowable under Section 506(b) of the Bankruptcy Code. Payment for MBL Secured Claim is estimated between 78% and 87.5% Moreover, the unsecured claims filed and scheduled under the Plan total $8,531,664.67. Of said amount, $1,712,742.65 is the Claim of Proven, Debtor’s former operator, which by the Proven Settlement -- that is incorporated in and made a part of the Plan -- has been fixed at $75,000. $6,197,766.48 is comprised of three government regulatory-related Claims, and approximately $621,155.54 is remaining. Assuming acceptance of the plan, the payment estimation for the general unsecured claims will be at 14.8% of the principal balance. A full-text copy of the Disclosure Statement, dated November 27, 2019, is available at: http://bankrupt.com/misc/cob17-16046-534.pdf Macquarie Bank is represented by: James T. Markus, Esq. Matthew T. Faga, Esq. Donald D. Allen, Esq. MARKUS WILLIAMS YOUNG & ZIMMERMANN LLC 1700 Lincoln Street, Suite 4550 Denver, CO 80203-4505 Tel: (303) 830-0800 Fax: (303) 830-0809 Email: jmarkus@markuswilliams.com -- and -- Louis M. Phillips, Esq. KELLY HART & PITRE One American Place 301 Main Street, Suite 1600 Baton Rouge, LA 70801-19 Tel: (225) 381-9643 Fax: (225) 336-9763 Email: louis.phillips@kellyhart.com About King's Peak Energy, LLC King's Peak Energy, LLC is a corporation entity based in Lakewood, Colorado and named as a lessee in 27 oil and gas leases. King's Peak Energy, LLC filed a Chapter 11 petition (Bankr. D. Colo. Case No.: 17-16046) on June 29, 2017, and is represented by Andrew D. Johnson, Esq., in Denver, Colorado. At the time of filing, the Debtor had $10 million to $50 million in estimated assets and $10 million to $50 million in estimated liabilities. The Chapter 11 petition was signed by Fred Soliz, manager/member. A full-text copy of the petition is available for free at: http://bankrupt.com/misc/cob17-16046.pdf LAS TUNAS: Seeks Authorization on Cash Collateral Use ----------------------------------------------------- Las Tunas DCE, LLC, seeks authorization from the U.S. Bankruptcy Court for the Central District of California to use cash collateral -- its rent receivables -- in order to pay ongoing business expenses such as insurance, property taxes, and the debt service on its real property. Three consensual liens encumber the subject property: (a) East West Bank holds a first position/senior lien in the approximate sum of $310,000; (b) William B. Wright holds a second position lien in the approximate amount of $422,000; and (c) James A. Phillips IV holds a third position in the approximate amount of $59,000; and a small amount of property taxes are due to LA County in the approximate amount of $38,000. The Debtor's principal has opined that the Subject Property is worth $1.1 million, with a range from $950,000 to $1.2 million. William Wright, in a pleading filed earlier this year in Debtor's previous bankruptcy filing, opined that the value of the property was at least $950,000. Even at this lower number, the Debtor claims that all creditors are fully secured and have a sufficient equity cushion such that they are adequately protected. The Debtor seeks authority to use the rents the Debtor expects to receive from its property in order to pay ongoing debt service payments, property insurance, and taxes in the service of the real property securing the debts of East West Bank, William B. Wright, and James Phillips IV. The Debtor asserts that maintaining the status quo, which includes paying ongoing debt service, is essential to the Debtor. Accordingly, allowing the Debtor to use cash collateral will also maximize the prospects that all creditors will be paid in full or to the maximum extent possible. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/cacb18-22691-36.pdf About Las Tunas DCE LLC Las Tunas DCE, LLC, is the owner of a commercial building located at 1062 E. Las Tunas Drive, in San Gabriel, California. Las Tunas DCE sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 18-22691) on Oct. 29, 2018. The Debtor first sought bankruptcy protection (Bankr. C.D. Cal. Case No. 17-14239) on April 11, 2017. In the petition signed by Elke Coffey, managing member, the Debtor estimated assets of $1 million to $10 million and liabilities of less than $1 million. The Debtor tapped Henry D. Paloci III PA as its legal counsel. LBI MEDIA: Hires Ernst & Young LLP as Tax Advisor ------------------------------------------------- LBI Media, Inc. and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of Delaware to hire Ernst & Young LLP as their tax advisors. Tax Services EY will render are: Debt Restructuring Services a) advise on any documents relating to these chapter 11 cases to the extent that such documents bear on the tax consequences to the Debtors; b) advise on the impact of any cancellation of debt for tax purposes; c) advise on post-restructuring tax attributes (including tax basis in assets, tax basis in subsidiary stock, and net operating loss carryovers) available under the applicable tax regulations and the reduction of any attributes based on the Debtors' operating projections; d) advise on the effects of tax rules under Internal Revenue Code sections 328(1)(5) and (1)(6) pertaining to the post-bankruptcy net operating loss carryovers and limitations on their utilization, and the Debtors’ ability to qualify for Internal Revenue Code 328(1)(5); e) advise on the treatment of post-petition interest for state and federal income tax purposes; f) advise on state and federal income tax treatment of prepetition and postpetition restructuring costs, including restructuring-related professional fees and other costs, the categorization and analysis of such costs, and the technical positions related thereto; g) advise on EY's evaluation and modeling of the tax effects of the Debtors' liquidating, disposing of assets, merging or converting entities as part of the restructuring, including the effects on federal and state tax attributes, state incentives, apportionment and other tax planning; h) advise on the tax structuring of these chapter 11 cases; i) advise on state income tax treatment and planning for the restructuring in various jurisdictions including cancellation of indebtedness calculation, adjustments to tax attributes and limitations on tax attribute utilization; j) advise on any responses to Internal Revenue Service audits and notices; k) advise on the income tax return reporting of bankruptcy issues and related matters; and l) advise on other state or federal income tax questions that may arise in the course of their engagement, as requested by the Debtors, and as may be agreed to by EY. Routine On-Call Advisory Services a) assist with tax issues by answering sui generis questions, draft memos describing how specific tax rules work, assist with general transactional issues, and assisting Debtors in connection with its dealings with tax authorities (other than represent Debtors in an examination or an appeal before the IRS or other taxing authority); and b) participate in meetings and telephone calls with Debtors; participate in meetings and telephone calls with taxing authorities and other third parties; reviewing transaction-related documentation; research technical issues; and prepare technical memoranda, letters, e-mails, and other written documentation. Tax Provision Services a) review calculations, including book-tax-differences, for the Debtors' use in its preparation of its U.S. GAAP tax provision, book-income tax accruals and related SEC footnote and MD&A disclosures; b) review and provide observations to the Debtors regarding its international, federal, state and/or local items, if any, of benefit/exposure that may be subject to tax authority challenge (all judgment and determination of the need and amount of any liabilities for tax exposure items will be the sole responsibility of the Debtors, as to which the Debtors' independent auditors should concur); c) review and provide observations to the Debtors regarding its deferred tax assets and liabilities, including any valuation allowance (all judgment and determination of the need for an amount of a valuation allowance will be the sole responsibility of the Debtors as to which the Debtors independent auditors should concur); and d) review deferred tax balances and identified temporary differences. Tax Compliance Services e) prepare the U.S. federal and state income tax returns for the year ended December 31, 2018, as shown on Appendix A of the applicable Engagement Letter. EY's current hourly rates are: Debt Restructuring Services Partner, Principal and Director $1,039 Senior Manager $830 Manager $735 Senior $545 Staff $289 Routine On-Call Advisory Services Partner $880 Executive Director $800 Senior Manager $725 Manager $585 Senior $430 Staff $290 Tax Provision Services Partner $755 Executive Director $685 Senior Manager $625 Manager $500 Senior $370 Staff $250 Tax Compliance Services Partner $505 Executive Director $455 Senior Manager $415 Manager $335 Senior $245 Staff $165 Richard Fung, partner of Ernst & Young LLP, attests that EY is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code, as modified by Section 1107(b) of the Bankruptcy Code. The firm can be reached through: Richard Fung, Esq. Ernst & Young LLP 725 South Figueroa Street, Los Angeles, CA 90017-5418 Phone: +1 213 977 3200 Fax: +1 213 977 3729 E-mail: richard.fung@ey.com About LBI Media Headquartered in Burbank, California, LBI Media -- http://www.lbimedia.com/-- is a national television and radio broadcasting company that was co-founded in 1987 by Lenard Liberman, LBI's chief executive officer, and his father Jose Liberman, who immigrated to the United States from Mexico in 1946. LBI is a national media company that owns or licenses 27 Spanish-language television stations and radio stations in the United States, as well as EstrellaTV, a Spanish-language television broadcast network. LBI Media Inc and more than 15 of its affiliates filed for bankruptcy protection (Bankr. D. Del. Case No. 18-12655) on Nov. 21, 2018. In the petition signed by CFO Brian Kei, the Debtors reported total assets of $238.7 million and total liabilities of $532.9 million as of June 30, 2018. Richards Layton & Finger, P.A., and Weil, Gotshal & Manges LLP serve as counsel to the Debtors. Guggenheim Securities LLC has been tapped as investment banker, Alvarez & Marsal North America LLC as financial advisor, and Epiq Corporate Restructuring LLC as claims and noticing agent. LORRAINE HOTEL: Hires Donald Harris Law as Attorney --------------------------------------------------- Lorraine Hotel 2017, LLC, seeks authority from the U.S. Bankruptcy Court for the Northern District of Ohio to employ Donald Harris Law Firm LLC, as attorney to the Debtor. Lorraine Hotel requires Donald Harris Law to: a. advise the Debtor as to its rights, duties and powers as a Debtor in Possession; b. prepare and file the Statements, Schedules, Plans and other documents and pleadings necessary to be filed by the Debtor in the bankruptcy case; c. represent the Debtor at all hearings, meetings of creditors, conferences, trials, and other proceedings in the bankruptcy case; and d. perform such other legal services as may be necessary in connection with the bankruptcy case. Donald Harris Law will be paid at the hourly rate of $250. A retainer fee of $1273.00 has been provided by the Debtor. Donald Harris Law will also be reimbursed for reasonable out-of-pocket expenses incurred. Donald R. Harris, a partner at Donald Harris Law Firm, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Donald Harris Law can be reached at: Donald R. Harris, Esq. DONALD HARRIS LAW FIRM 158 Columbus Avenue Sandusky, OH 44870 Tel: (419) 621-9388 Fax: (419) 239-2315 E-mail: don@donaldharrislawfirm.com About Lorraine Hotel 2017 Lorraine Hotel 2017 LLC is a privately held company in the traveller accommodation industry. Lorraine Hotel describes itself as Single Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). Lorraine Hotel 2017 LLC, based in Toledo, OH, filed a Chapter 11 petition (Bankr. N.D. Ohio Case No. 18-33648) on Nov. 20, 2018. In the petition signed by Ronald Wilson, managing general partner, the Debtor disclosed $1 million to $10 million in assets and $500,000 to $1 million in liabilities. The Hon. Mary Ann Whipple oversees the case. Donald R. Harris, Esq., at Donald Harris Law Firm LLC, serves as bankruptcy counsel to the Debtor. MELINTA THERAPEUTICS: John Johnson Agrees to Become Permanent CEO ----------------------------------------------------------------- John H. Johnson has agreed to become the permanent chief executive officer of Melinta Therapeutics, Inc., subject to the terms of an employment contract and the closing of the Loan Facility. Mr. Johnson is a director of the Company and has served as interim chief executive officer of the Company since Oct. 22, 2018. Mr. Johnson has more than 30 years of biopharmaceutical industry, executive leadership and commercial experience at leading global organizations, including Johnson & Johnson, Eli Lilly & Company, ImClone and Pfizer, Inc. In addition to Melinta, Mr. Johnson currently serves on the boards of Aveo Oncology, Histogenics Corporation, Portola Pharmaceuticals, Inc., and is chairman of Strongbridge Biopharma plc. Mr. Johnson previously served as a director at Cempra and Sucampo. He also previously served as president and chief executive officer of Dendreon Corporation from February 2012, became chairman in July 2013, and served as chairman until June 2014 and president and chief executive officer until August 2014. Prior to this role, Mr. Johnson served as president of Eli Lilly & Company's Global Oncology Unit following the company's 2008 acquisition of ImClone Systems Incorporated, where he served as chief executive officer and on ImClone's board. Prior to ImClone, Mr. Johnson served as the company group chairman of biopharmaceuticals within Johnson & Johnson, where he was responsible for biotechnology, immunology and oncology commercial business units. Prior to that role, he held several executive positions at Johnson & Johnson, Parkstone Medical Information Systems, Inc., Ortho-McNeil Pharmaceutical Corporation and Pfizer Inc. While at Ortho-McNeil, Mr. Johnson was responsible for the company's anti-infectives portfolio. During his career, Mr. Johnson also served as a member of the board of directors of Pharmaceutical Research and Manufacturers of America (PhRMA), the Health Section Governing Board of Biotechnology Industry Organizations (BIO), and BioNJ. About Melinta Therapeutics New Haven, Connecticut-based Melinta Therapeutics, Inc. -- http://www.melinta.com/-- is a commercial-stage pharmaceutical company focused on discovering, developing and commercializing differentiated anti-infectives for the hospital and select non-hospital, or community, settings that address the need for effective treatments for infections due to resistant gram-negative and gram-positive bacteria. The Company currently market four antibiotics to treat a variety of infections caused by these resistant bacteria. Deloitte & Touche LLP, in Chicago, Illinois, the Company's auditor since 2014, issued a "going concern" opinion in its report on the consolidated financial statements for the year ended Dec. 31, 2017, stating that the Company's recurring losses from operations and its need to obtain additional capital raise substantial doubt about its ability to continue as a going concern. Melinta reported a net loss available to common shareholders of $78.17 million in 2017, a net loss available to common shareholders of $95.04 million in 2016, and a net loss available to common shareholders of $94.92 million in 2015. As of Sept. 30, 2018, the Company had $482.30 million in total assets, $247.5 million in total liabilities and $234.78 million in total shareholders' equity. MENSONIDES DAIRY: May Use $75,000 in Cash Collateral to Pay ATG --------------------------------------------------------------- The Hon. Frank L. Kurtz of the U.S. Bankruptcy Court for the Eastern District of Washington has signed a stipulated order authorizing Mensonides Dairy LLC to use and additional $75,000 in cash collateral for the purpose of retaining AgriBusiness Trading Group pursuant to the terms of the Court-approved listing agreement. Under the Agreed Cash Collateral Order entered on Sept. 14, 2018, the Debtor was authorized to use cash collateral pursuant to a written budget. However, the Budget does not expressly contain authorization for the Debtor to utilize $75,000 in cash collateral to pay AgriBusiness Trading Group as the marketing agent for the Debtor. The Debtor's application to employ ATG was orally approved at the hearing held on Nov. 15, 2018. Northwest Farm Credit Services PCA & Northwest Farm Credit Services FLCA are willing to allow the Debtor to utilize up to $75,000 of its cash collateral, above the amounts provided in the Budget, for the exclusive purpose of allowing the Debtor to pay ATG required by the listing agreement. Northwest's consent to utilize the $75,000 in additional cash collateral will be deemed to have been made pursuant to the Cash Collateral Order. As such, Northwest will be entitled to the protections contained in the Cash Collateral Order with respect to its consent to utilize the additional $75,000 in cash collateral. A full-text copy of the Order is available at http://bankrupt.com/misc/waeb18-01681-278.pdf About Mensonides Dairy Mensonides Dairy LLC operates a farm that produces milk and other dairy products. It was founded in 1993 and is based in Mabton, Washington. Mensonides Dairy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wash. Case No. 18-01681) on June 14, 2018. In the petition signed by Art Mensonides, its owner and member, the Debtor estimated assets of $10 million to $50 million and liabilities of $10 million to $50 million. Judge Frank L. Kurtz presides over the case. The Debtor tapped Steven Sackmann, Esq., of Sackmann Law, PLLC, and Toni Meacham, Esq., as co-counsel. MICROVISION INC: Adds New Member to Its Board of Directors ---------------------------------------------------------- Simon Biddiscombe was elected to MicroVision, Inc.'s Board of Directors on Dec. 19, 2018. About MicroVision Based in Redmond, Washington, MicroVision, Inc. -- http://www.microvision.com/-- is the creator of PicoP scanning technology, an ultra-miniature laser projection and sensing solution for mobile consumer electronics, automotive head-up displays and other applications. PicoP scanning technology is based on the Company's patented expertise in micro-electrical mechanical systems (MEMS), laser diodes, opto-mechanics, and electronics and how those elements are packaged into a small form factor, low power scanning engine that can display, interact and sense, depending on the needs of the application. MicroVision incurred net losses of $24.24 million in 2017, $16.47 million in 2016, and $14.54 million in 2015. As of Sept. 30, 2018, the Company had $29.97 million in total assets, $17.92 million in total liabilities and $12.04 million in total shareholders' equity. Moss Adams LLP, in Seattle, Washington, the Company's auditor since 2012, issued a "going concern" opinion in their report on the consolidated financial statements for the year ended Dec. 31, 2017, stating that the Company has suffered recurring losses from operations and has an accumulated deficit that raise substantial doubt about its ability to continue as a going concern. MR. TORTILLA: Has Final Authorization to Use Cash Collateral ------------------------------------------------------------ The Hon. Victoria S. Kaufman of the U.S. Bankruptcy Court of Central District of California authorized Mr. Tortilla, Inc., to use cash collateral through confirmation of Debtor's (to-be filed) Chapter 11 Plan of Reorganization, subject to the terms and conditions set forth in the Final Order. The Debtor may use cash collateral to pay the expenses set forth in the budget and deviate from the total expenses contained in the budget by no more than 10% and to deviate by category (provided the Debtor does not pay any expenses outside any of the approved categories) without the need for further Court order. The Debtor will pay Valley Economic Development Council ("VEDC") monthly adequate protection payments in the amount of $2,500. In addition, VEDC will receive a replacement lien on all postpetition assets up to the value of the cash collateral actually used postpetition. Said postpetition liens will have the same validity and priority as prepetition liens. A copy of the Final Order is available at: http://bankrupt.com/misc/cacb18-12051-68.pdf About Mr. Tortilla Mr. Tortilla, Inc., is a manufacturer of traditional flour tortilla (fresh or refrigerated) in San Fernando, California. Mr. Tortilla filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-12051) on Aug. 14, 2018. In the petition signed by Anthony Alcazar, president, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Victoria S. Kaufman. Jonathan M. Hayes, Esq., at Resnik Hayes Moradi LLP, is the Debtor's counsel. MURRAY GROUP: Hires David P. Lloyd as Legal Counsel --------------------------------------------------- The Murray Group, Inc., seeks authority from the U.S. Bankruptcy Court for the Northern District of Illinois (Chicago) to hire David P. Lloyd, Ltd as counsel. The firm will represent the Debtors in negotiations with their creditors; prepare a bankruptcy plan; examine and resolve claims filed against their estates; and provide other legal services related to their Chapter 11 cases. Lloyd will charge $400 per hour for the principal of the firm and $250 per hour for associates. David Lloyd, Esq., the attorney who will be handling the cases, charges an hourly fee of $400. The firm can be reached through: David P. Lloyd, Esq. David P. Lloyd, Ltd. 615B S. LaGrange Rd. La Grange, IL 60525 Phone: 708-937-1264 Fax: 708-937-1265 E-mail: info@davidlloydlaw.com About The Murray Group Based in Naperville, Illinois, The Murray Group, Inc. filed a voluntary petition under Chapter 11 of the US Bankruptcy Code (Bankr. N.D. Ill. Case No. 18-32156) on Nov. 15, 2018, listing under $1 million in both assets and liabilities. David P. Lloyd, Esq., at David P. Lloyd, Ltd., represents the Debtor. MURRAY GROUP: Hires MJB Tax & Accounting Services as Accountant --------------------------------------------------------------- The Murray Group, Inc., seeks authority from the U.S. Bankruptcy Court for the Northern District of Illinois (Chicago) to hire Michelle J. Bratland and MJB Tax & Accounting Services, Inc., as its accountant. The firm will prepare all necessary income tax returns for the estate; investigate the value of assets of the estate; prepare financial projections and other documents in connection with a plan and disclosure statement; and advise the debtors as necessary for the proper administration of the estate. The normal hourly fees of MJB Tax & Accounting Services, Inc. are: Tax preparation of tax returns $150 Payroll tax return and year-end payroll reports $150 Monthly sales tax returns $112.50 Bookkeeping/administrative services $60 Michelle J. Bratland, principal of MJB Tax & Accounting Services, assures the Court that she is a disinterested person. The firm can be reached through: Michelle J. Bratland MJB Tax & Accounting Services, Inc. Naperville, IL About The Murray Group Based in Naperville, Illinois, The Murray Group, Inc., filed a voluntary petition under Chapter 11 of the US Bankruptcy Code (Bankr. N.D. Ill. Case No. 18-32156) on Nov. 15, 2018, listing under $1 million in assets and liabilities. David P. Lloyd, principal at David P. Lloyd, Ltd., represents the Debtor. MURRAY GROUP: Seeks Access to Cash Collateral Until January 2019 ---------------------------------------------------------------- The Murray Group, Inc., requests the U.S. Bankruptcy Court for the Northern District of Illinois for authority to use the cash collateral of its creditor, First Home Bank through January 2019. The Debtor requires the use of cash collateral to pay utilities, salaries, shop expenses, rent and other operating expenses and to purchase new inventory. The Debtor believes that the proceeds of its operations, including the sale of inventory, constitute cash collateral under the Bankruptcy Code. First Home Bank, among the creditors of the Debtor, holds a lien on substantially all of the Debtor's assets, which are limited to personal property, including machinery & equipment, inventory and accounts receivable. The balance due and owing to First Home Bank is approximately $314,000. The Debtor proposes to make an adequate protection payment of $1,570 per month to First Home Bank. This amount represents approximately 6% interest, per annum, on the entire amount of the First Home Bank claim. The Debtor also proposes to grant First Home Bank a replacement lien on all newly-acquired assets of the type on which First Home Bank currently holds a lien. In addition, the Debtor believes that Kabbage Loans, PNC Bank and Swift Financial hold junior liens in Debtor's assets. The Debtor does not propose to make any adequate protection payments to Kabbage Loans, PNC Bank and Swift Financial. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/ilnb18-32156-13.pdf About The Murray Group The Murray Group, Inc., an Illinois corporation in the business of buying and selling building materials to contractors, filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 18-32156) on Nov. 15, 2018. In the petition signed by Robert Murray, president, the Debtor estimated $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. The Debtor is represented by David P. Lloyd, Esq. of David P. Lloyd, Ltd. NASHVILLE PHARMACY: Seeks Authorization to Use Cash Collateral -------------------------------------------------------------- Nashville Pharmacy Services, LLC, seeks approval from the U.S. Bankruptcy Court for the Middle District of Tennessee to use cash collateral on an immediate interim basis in accordance with a budget. NPS believes that following creditors may assert interest in its cash collateral: (a) Pinnacle Bank has a perfected, first position security interest in its inventory and receivables and the proceeds therefrom. Pinnacle Bank has provided a working capital loan to NPS for many years and asserts that Debtor currently owes it approximately $3.5 million. (b) Smith Drug Company, a division of JM Smith Corp, asserts a lien in all of Debtor's accounts receivable, inventory and computer systems used by NPS Pharmacy at Skyline. The Debtor currently does no business with Smith Drug Company and owes no money that could be secured by Smith Drug's financing statement. (c) McKesson Corporation asserts a lien in all of Debtor's personal property and asserts that it is owed more than $14.0 million. The Debtor disputes the security interest asserted by McKesson. (d) Integrated Commercialization Solutions, Inc. is asserting a lien in all of Debtor's assets to secure liabilities owed to Daraprim Direct. The Debtor currently does no business with Integrated and owes no money that could be secured by Integrated's financing statement. (e) Wrightcore, Inc. asserts a lien in all of Debtor's assets, but Debtor does not believe that Wrightcore has a valid security interest. Wrightcore provides IT services to Debtor pursuant to a finance lease, and NPS is current on its obligations to this creditor, which are approximately $4,839 per month. NPS asserts that its operations during the Interim Period will be stable and predictable and that, as evidenced by its proposed Budget, there will be no, or at most limited, diminution in value of its cash collateral during the Interim Period or thereafter. NPS proposes to grant each creditor holding a valid lien in Debtor's Cash Collateral with replacement liens and superpriority administrative expense claims under Sections 503 and 507 of the Bankruptcy Code. The replacement liens and superpriority administrative expense claims are limited to an amount equal to the diminution in value of these lenders' pre-petition collateral. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/tnmb18-08144-11.pdf About Nashville Pharmacy Services Nashville Pharmacy Services, LLC, operates a pharmacy specializing in HIV and AIDS-related medicine. Nashville Pharmacy Services sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 18-08144) on Dec. 8, 2018. At the time of the filing, the Debtor estimated assets of $10 million to $50 million and liabilities of $10 million to $50 million. The case is assigned to Judge Marian F. Harrison. Bass, Berry & Sims PLC is the Debtor's counsel. OLAIDE DARAMOLA: Treatment of Unsecureds Amended in Latest Plan --------------------------------------------------------------- Olaide Daramola, Gbamgbade Daramola, Abimbola Daramola, Macro Concept, LLC, and Grace Solution, LLC filed an amended joint disclosure statement in support of their proposed plan of reorganization dated Dec. 17, 2018. The Amended Plan does not differ from the original plan in terms of general structure, but it does include a few significant changes which to a degree address objections and questions raised at the initial disclosure statement hearing. The debtors believe that these changes represent significant improvements in the treatment of certain creditors and enhance the feasibility of the plan as a whole. The major changes are: * A small increase in the interest rate applicable to the payment of Class 4 (HJR), to comply with the requirements of Till v, SCS Credit Corp., 541 U.S. 465 (2004). Shortly before the filing of the previous plan and disclosure statement, and unknown to counsel, the Federal Reserve increased the prime rate from 4.75% to 5%. Therefore the interest rate on the HJR claim has also been increased to 5%. * The amortization schedule applicable to the repayment of the HJR claim has been changed from 40 years to 30 years. This change was made possible as a result of additional cash which will be infused into the plan by Olaide Daramola, made possible due to anticipated increase in her earnings. Because of this change, the principal balance due at the time balloon payments must be made to HJR will be significantly lower than before, when a 40 year amortization was to be used. This lower principal balance will enhance feasibility by making it easier for the debtors to accomplish a refinancing at maturity. * A change has been made to clarify and expand the possibility that general unsecured creditors may benefit from cash recoveries or from the conservation of cash due to the possible full or partial disallowance of claims. The disclosure statement has been amended to explain these changes to the plan. In addition, several sections of the Disclosure Statement have been augmented with additional information and analysis to answer questions raised by counsel to HJR Benson Loan Docs, LLC, at the hearing on sufficiency of the original disclosure statement. Class 6 under the plan includes all Allowed General Unsecured Claims. Claims in this class total to $425,261. Allowed Claims will share in a Creditor Fund which will provide a minimum distribution of $60,000 over a period of 5 years commencing on the anniversary of the Effective Date and being made up of monthly contributions of $1,000 per month. In the event that any actual funds are recovered by the Plan Administrator through litigation or settlement, the recovery net of expenses, counsel fees, and taxes, if any, shall be devoted to the Fund. The projected minimum dividend is 14%. Distributions will be made annually on the to the holders of Allowed Claims pro rata based on the Claim amount, commencing on the second anniversary of the Effective Date. However, the Plan has been amended to enhance and clarify the sharing arrangement which the debtor expects and hopes will lead to further distributions to Class 6. Under this clarified text, the fund for creditors in this class will be increased to 50% of amounts actually recovered by the Plan Administrator for the benefit of the estate from the disallowance of claims or saved through the reduction of claims by the Court, and this will include matters decided both before and after confirmation. For example, the plan allows for full payment of the allowed Class 4 claim. So, in the event the Court takes reduces that claim by its ruling on the pending objection, the creditors in Class 6 will share in the net savings after counsel fees and other costs. up to the point where they have been paid in full. The funds for the sharing arrangement will be collected and held by the Plan Administrator at the same time that such funds would have been paid to the creditor whose claim has been disallowed or reduced and will dicbursed annually. This sharing arrangement will continue for a period of 10 years dating from the effective date of the Plan, or until the Class 6 creditors have received full payment on their allowed claims. Thus, for example, if the court reduces a claim so that the net saving is $200,000, payments totaling to $100,000 will be an additional distribution to Class 6, so that the total distribution to this class will be $160,000, for a dividend of 38%. A copy of the Amended Joint Disclosure Statement is available at https://is.gd/lH34Nq from Pacermonitor.com at no charge. Olaide Daramola filed for chapter 11 bankruptcy protection (Bankr. D. Md. Case No. 16-21657) on August 30, 2016, and is represented by Thomas E. Crowe, Esq. ONE HIT WONDER: To Obtain $1.5MM Exit Financing Under New Plan -------------------------------------------------------------- Steam Distribution, LLC, Havz, LLC, and One Hit Wonder, Inc. filed a disclosure statement in support of their first amended joint plan of reorganization dated Dec. 17, 2018. Under the amended plan, the Debtors will obtain exit financing in the amount of $1,500,000 to assist the Reorganized Debtors to pay certain initial liabilities set forth in the Plan, and then will use operating cash flow to pay remaining liabilities set forth in the Plan. The most salient terms of the Loan are that it is unsecured, the interest rate is 3% per annum, with annual interest-only payments, and the Loan will be a demand note, payable on demand on and after the four-year anniversary of the Plan Effective Date, but no earlier than April 1, 2023. If the $1,500,000 portion of the Funds is not sufficient to enable the Reorganized Debtors to pay the full amount of the outstanding professional fees and expenses owing by the Plan Proponents, then the Funds will be increased by whatever amount is needed to enable the Reorganized Debtors to pay the full amount of the outstanding professional fees and expenses owing by the Plan Proponents unless a mutually acceptable alternative arrangement is reached between the Reorganized Debtors and the respective professionals. The Funds may be otherwise adjusted as necessary for effectuating the Plan. A copy of the Joint Amended Disclosure Statement is available at https://is.gd/MrBx10 from Pacermonitor.com. About One Hit Wonder Holdings One Hit Wonder Holdings, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D. Nev. Case No. 18-12920) on May 18, 2018. In the petition signed by Robert Hackett, managing member, the Debtor estimated less than $50,000 in assets and less than $1 million in debts. Dawn M. Cica, Esq, at Mushkin Cica Coppedge, serves as counsel to the Debtor. The Debtor is an affiliate of Steam Distribution, LLC (Bankr. D. Nev. Case No. 18-11598-abl); HAVZ, LLC (Bankr. D. Nev. Case No. 18-11599-abl) and One Hit Wonder, Inc (Bankr. D. Nev. Case No. 18-11600-abl). On April 9, 2018, the Court entered an order jointly administering the Affiliates' three cases, with Steam Distribution, LLC's case as the lead case. The Affiliates are represented by Levene, Neale, Bender, Yoo and Brill, L.L.P. and Clark Hill, PLLC. ORION HEALTHCORP: Has Funding to Pursue Causes of Action -------------------------------------------------------- Orion Healthcorp, Inc., and affiliates filed their first amended disclosure statement for their first amended joint plan of liquidation dated Dec. 18, 2018, to disclose additional provisions under the Standing Motion Settlement with the Secured Lenders and the Official Committee of Unsecured Creditors and total amount of claims asserted against the Debtors. Under the joint amended plan, the Debtors believe that (i) as of the Petition Date, the outstanding principal balance owed by the Debtors to the Secured Lenders was not less than $157,612,342.74; (ii) the Debtors and certain non-Debtor affiliates, including the NYNM Entities, granted to the Secured Lenders liens upon and security interests in substantially all of the Debtors' property and assets; and (iii) the Prepetition Liens constitute valid, binding, enforceable and perfected liens on the Debtors’ property and assets. Pursuant to the Final DIP Order, the Committee was afforded a period to review and challenge the Secured Lenders' Claims and Prepetition Liens which period was extended by agreement. Following an investigation of potential claims that could be asserted against the Secured Lenders, the Debtors, Secured Lenders and the Committee reached a resolution that they believe is in the best interests of the Estates and has been incorporated into the Plan (the "Standing Motion Settlement"). Specifically, pursuant to the Plan and the Standing Motion Settlement, the Debtors, Secured Lenders and Committee have agreed that the Secured Lenders will be allowed a Secured Claim in the amount of 50,000,000 and will receive the Net Sale Proceeds and the first Distributions from the Liquidating Trust up to 50,000,000 on account of the Allowed Secured Lender Claim. Additionally, the Debtors, Secured Lenders and Committee have agreed that the Secured Lenders will be allowed a General Unsecured Claim in the amount of $107,612,342.74 and will receive a Pro Rata share of the Liquidating Trust Distributable Cash with the other Holders of General Unsecured Claims. Additionally, as part of the Standing Motion Settlement, the Secured Lenders have agreed, subject to their acceptance of the Plan, to transfer and assign to the Liquidating Trust any and all Causes of Action they may have against any Person who is not a Debtor, related directly or indirectly to the Debtors and their Estates, whether arising before or after the Petition Date. The Debtors believe that the Plan and the Standing Motion Settlement embodied therein are in the best interests of the Estates because, among other reasons, it provides the funding necessary to pursue the Causes of Action on behalf of all Creditors. Absent the Plan and Standing Motion Settlement, the Debtors will likely have no choice but to convert the Chapter 11 Cases to cases under chapter 7 of the Bankruptcy Code without the benefit of the Liquidating Trust Reserve and the other terms of the Standing Motion Settlement. A copy of the First Amended Disclosure Statement is available at https://is.gd/F5MnZ4 from Pacermonitor.com at no charge. A blacklined version of the First Amended Disclosure Statement is available for free at: http://bankrupt.com/misc/nyeb18-71748-627.pdf About Orion HealthCorp Constellation Healthcare Technologies, Inc., is a healthcare services organization providing outsourced revenue cycle management, practice management, and group purchasing services to U.S. physicians. Orion Healthcorp, et al. -- http://www.orionhealthcorp.com/-- are a consolidated enterprise of several companies aggregated through a series of acquisitions, which operate the following businesses: (a) outsourced revenue cycle management for physician practices, (b) physician practice management, (c) group purchasing services for physician practices, and (d) an independent practice association business, which is organized and directed by physicians in private practice to negotiate contracts with insurance companies on their behalf while those physicians remain independent and which also provides other services to those physician practices. Orion has locations in Houston, Texas; Jericho, New York; Lakewood, Colorado; Lawrenceville, Georgia; Monroeville, Pennsylvania; and Simi Valley California. Constellation Healthcare Technologies, Inc., along with certain of its subsidiaries, including Orion Healthcorp, Inc., on March 16, 2018, initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to facilitate an orderly and efficient sale of its businesses. The lead case is In re Orion Healthcorp, Inc. (E.D.N.Y. Lead Case No. 18-71748). The Debtors have liabilities of $245.9 million. The Hon. Carla E. Craig is the case judge. The Debtors tapped DLA Piper US LLP as counsel; Hahn & Hessen LLP, as conflicts counsel; FTI Consulting, Inc., as restructuring advisor; Houlihan Lokey Capital, Inc., as investment banker; and Epiq Bankruptcy Solutions, LLC as claims and noticing agent. The Office of the U.S. Trustee on April 4, 2018, appointed three creditors to serve on the official committee of unsecured creditors in the Chapter 11 cases. The Committee tapped Pachulski Stang Ziehl & Jones LLP as its legal counsel, and CBIZ Accounting, Tax and Advisory of New York, LLC, as its financial advisor. On July 5, 2018, affiliate New York Network Management, L.L.C., followed parent Orion into bankruptcy to implement a deal to sell its assets for at least $16.5 million. OUR TOWN ASSOCIATES: Second Interim Cash Collateral Order Entered ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Virginia has signed an agreed second interim order authorizing Our Town Associates, LLC, to use cash collateral until the earliest to occur of (a) the date that the Agreed Order ceases to be in full force and effect, or (b) the occurrence of a "termination event". A further interim hearing on the Debtor's use of cash collateral will be continued to Jan. 25, 2019 at 11:00 a.m. As of the Petition Date, the Debtor is indebted to Secured Lender, U.S. Bank National Association, as Trustee for the Registered Holders of LB-UBS Commercial Mortgage Trust 2007-C6, Commercial Mortgage Pass-Through Certificate, Series 2007-C6, acting by and through its Special Servicer, LNR Partners, LLC, in outstanding principal amount of $3,133,375. Secured Lender holds valid, duly perfected first priority security interests in and liens upon the Real Property and the rents, revenues, income, proceeds and profits generated therefrom. The Debtor and the Secured Lender have reached agreement concerning the interim use of cash collateral as set forth in the Order. The Debtor grants in favor of the Secured Lender a first priority post-petition security interest and lien in, to and against all of the Debtor's assets, to the same priority, validity and extent that the Secured Lender held a properly perfected prepetition security interest in such assets, which are or have acquired, generated or received by the Debtor subsequent to the Petition Date, as well as in all presently owned and hereafter acquired property which is not subject to a prior perfected and enforceable prepetition lien or security interest but excluding any claims or avoidance recoveries by or on behalf of the Debtor, its estate or any trustee appointed in this case arising under Chapter 5 of the Bankruptcy Code. In addition, the Debtor will make adequate protection payment to the Secured Lender in the amount of $21,829, commencing Oct. 15, 2018 and thereafter on each Reference Date during the term of the Cash Collateral Order. The Secured Lender is granted an allowed, superpriority administrative expenses claim under Section 507(b) of the Bankruptcy Code with respect to the Adequate Protection Obligations. Within 20 days after the last business day of each month, the Debtor will provide the Secured Lender with a comparison of its actual expenditures in the month then ending to the Budget, on a line-by-line basis, in a form reasonably acceptable to the Secured Lender, consistent with the parties' prepetition practice. The Debtor will permit any representatives designated by the Secured Lender, to inspect, copy and take extracts from their financial and accounting records and all records and files of the Debtor pertaining to the collateral, and to discuss its affairs, finances, and accounts with its officers, financial advisors, and independent public accountants. A Termination Event will constitute any of the following: (a) Jan. 31, 2019; (b) the Debtor fails to make any adequate protection payment to the Secured Lender; (c) any order is entered, other than with the consent of the Secured Lender, reversing, amending, supplementing, staying, vacating or otherwise modifying the Order in any material respect or terminating the use of cash collateral by the Debtor pursuant to the Order; (d) any application is filed by the Debtor for the approval of any Superpriority Claim or any lien in the Chapter 11 Case which is pari passu with or senior to the Adequate Protection Obligations or Adequate Protection Liens; (e) any order is entered granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest, lien or right of setoff other than a security interest, lien or right of setoff of the Secured Lender, to permit foreclosure (or the granting of a deed in lieu of foreclosure or the like), possession, set-off or any similar remedy with respect to any collateral or any assets of the Debtor necessary to the conduct of its businesses; (f) any payments made in respect to a prepetition claim; (g) the Debtor's chapter 11 case is dismissed or converted to a case under chapter 7 of the Bankruptcy Code, or a trustee, a responsible officer, or an examiner with enlarged powers relating to the operation of the business is appointed or elected in the Chapter 11 case; (h) the Debtor fails to keep and maintain all property in god working order and condition, ordinary wear and tear excepted; (i) the Debtor fails to maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risk as are customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar locations and all insurance required to be maintained pursuant to the Loan Documents, or fails to furnish to the Secured Lender, upon reasonable request, information in reasonable detail as to the insurance so maintained; (j) The Debtor fails to comply with all laws, rules, regulations and orders of any governmental authority applicable to it, its operations or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in material adverse effect; or (k) The Debtor fails to comply with any of the terms or conditions of the Order. A full-text copy of the Agreed Second Interim Order is available at http://bankrupt.com/misc/vaeb18-72950-50.pdf About Our Town Associates Our Town Associates, LLC, based in Virginia Beach, VA, filed a Chapter 11 petition (Bankr. E.D. Va. Case No. 18-72950) on Aug. 22, 2018. In the petition signed by Jon S. Wheeler, manager of Boulevard Capital, LLC, managing member, the Debtor disclosed $3,105,463 in assets and $3,486,042 in liabilities. Crowley Liberatore Ryan & Brogan, P.C., serves as counsel to the Debtor. POINT.360: Jan. 29 Plan Confirmation Hearing -------------------------------------------- Judge Julia W. Brand of the U.S. Bankruptcy Court for the Central District of California approved the second amended disclosure statement of Point.360, in support of its proposed second amended chapter 11 plan, modified and filed on December 10, 2018. Judge Brand set the plan confirmation hearing on January 29, 2019, at 2:00 P.M. About Point.360 Point.360 (PTSX) -- http://www.point360.com/and http://www.mvf.com/-- is an integrated media management services company providing film, video and audio post production, archival, duplication and data distribution services to motion picture studios, television networks, independent production companies and multinational companies. The Company provides the services necessary to edit, master, reformat and archive its clients' audio, video, and film content, which include television programming, feature films, and movie trailers. On July 8, 2015, Point.360 acquired the assets of Modern VideoFilm to expand the Company's service offering. The Company also rents and sells DVDs and video games directly to consumers through its Movie-Q retail stores. The Company is headquartered in Los Angeles, California. Point.360 filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-22432) on Oct. 10, 2017. In the petition signed by Haig S. Bagerdjian, the Company's Chairman, President and CEO, the Debtor disclosed total assets of $11.14 million and total debt of $14.77 million as of March 31, 2017. The Hon. Julia W. Brand is the case judge. The Debtor hired Lewis R. Landaue, Esq., as bankruptcy counsel, and TroyGould PC, as transactional counsel. No trustee has been appointed, and the Company will continue to operate its business as "debtor in possession" under the jurisdiction of the Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court. PRINCETON ALTERNATIVE: Trustee Taps TRS as Financial Advisor ------------------------------------------------------------ Matthew Cantor, the Chapter 11 trustee for Princeton Alternative Income Fund LP and Princeton Alternative Funding LLC, seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire TRS Advisors LLC. The firm will provide financial advisory and investment banking services in connection with the Debtors' Chapter 11 cases, which include assisting the trustee in negotiations for a potential transaction and reviewing the terms of such transaction. TRS will receive a fixed advisory fee of $150,000 per month and a fee in an amount equal to 2.5% of the sale price of the transaction, payable upon the closing of each transaction. In case the firm provides additional services, fees for such services will be mutually agreed upon by the firm and the trustee. Bilal Bazzy, vice-president of TRS, disclosed in a court filing that the firm is "disinterested" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Bilal Bazzy TRS Advisors LLC 570 Lexington Avenue, 22nd Floor New York, NY 10022 About Princeton Alternative Princeton Alternative Income Fund, LP, provides capital for businesses that make consumer loans in the non-prime market. 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 Debtors' counsel. Liggett & Webb, P.A., has been tapped to serve as accountant. The Debtors tapped JAMS/Hon. Steven Rhodes to provide mediation services. Matthew Cantor was appointed as Chapter 11 trustee for the Debtors. The Trustee tapped Wollmuth Maher & Deutsch LLP as his legal counsel. PUMPKINVINE CAFE: Unsecureds to Get $3.6K Over 60 Months -------------------------------------------------------- Pumpkinvine Cafe, LLC, filed an amended plan of reorganization and accompanying disclosure statement. The class of general unsecured claims will be paid an amount equal to the Net Projected Disposable Income (NPDI) of the Debtor. The payments to this Class will be made to the Disbursing Agent who will make distribution to the Allowed Claims of the Class on a pro-rata basis. The Debtor has estimated a total disbursement, based on the Plan payment, in the total sum of $3,612.60 over 60 months of the plan. The creditors in class 3 include the Dirk & Tina Dietsch. The Dietschs's assert a perfected U.C.C. lien on all equipment, furniture, fixtures, inventory, accounts, leasehold interests, intangible property pursuant to their U.C.C. Financing Statement. The Debtor estimates that the total value of the Dietschs's secured claim is equal to $150,000.00 if the business were to be sold as a going concern, including the intangible value of the business. The Debtor will pay the Dietschs's $1,433.48 monthly, based upon a 15 year amortization, 8% annual interest rate and a principal balance of $150,000.00. The Debtor receives income from the operation of the Cafe. In addition, a possible alternative source of plan of reorganization funding, the Debtor intends on a post confirmation basis to pursue the possibility of obtaining a loan to fund the payments required under the plan of reorganization. A full-text copy of the Disclosure Statement dated December 4, 2018, is available at: http://bankrupt.com/misc/innb18-1810575reg-87.pdf About Pumpkinvine Cafe Pumpkinvine Cafe, LLC, filed a Chapter 11 bankruptcy petition (Bankr. N.D. Ind. Case No. 18-10575) on April 6, 2018. The Debtor hired E. Foy McNaughton, Attorney at Law, as attorney. REAGOR-DYKES MOTORS: Seeks Approval on Further Cash Collateral Use ------------------------------------------------------------------ Reagor-Dykes Motors, LP, and its debtor-affiliates filed with the U.S. Bankruptcy Court for the Northern District of Texas their Emergency Motion for Authority to Use Cash Collateral. The Debtors are requesting the Court to authorize the use of cash collateral in each of the Chapter 11 Cases on an interim and final basis. The Debtors also assert that they must have access to cash collateral in the ordinary course of business. Debtor Snyder obtained a prepetition line of credit and floor financing from GM Financial for the dealership known as Reagor-Dykes Chevrolet Buick GM. Pursuant to which GM Financial alleges that Snyder granted GM Financial a first priority security interest in accounts, inventory and equipment. Debtor RAM obtained a $10,000,000 revolving line of credit, and prepetition floor financing, from First Capital Bank of Texas, N.A. ("FCB") for the dealerships generally known as Reagor-Dykes Auto Mall, Reagor-Dykes Auto Mall Downtown and Reagor-Dykes West Lubbock. Pursuant to such financing, FCB alleges that Debtor RAM granted FCB a first priority security interest in accounts, inventory and equipment. Debtor RAM also obtained prepetition floor financing from First Bank and Trust, Co. ("FB&T") for the dealerships known as Reagor-Dykes Imports and Reagor-Dykes Levelland. Pursuant to such financing, FB&T alleges that Debtor RAM granted FB&T a first priority security interest in accounts, inventory and equipment. Debtor RAM further obtained prepetition floor financing from Liberty Capital Bank for the dealership known as Reagor-Dykes Direct Auto, pursuant to which Liberty Capital alleges that RAM granted Liberty Capital a first priority security interest in accounts, inventory and equipment. To the extent that FCB, GM Financial, Liberty Capital and/or FB&T are judged to have a lien on the Cash Collateral of the respective Debtor to which they provided prepetition financing, the Debtors proposes adequate protection, to the extent of a diminution of value, by providing the Lenders replacement liens on their respective Collateral that the Debtors acquire after the Petition Date, including the cash proceeds arising therefrom. Such replacement liens will be in the same nature, extent, priority, and validity that the liens, if any, of each of the Lenders, existed on the Petition Date. A full-text copy of the Cash Collateral Motion is available at http://bankrupt.com/misc/txnb18-50214-661.pdf About Reagor-Dykes Motors Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a dealer of automobiles headquartered in Lubbock, Texas. The Company offers new and used vehicles, automobile parts, and other related accessories, as well as car financing, leasing, repair, and maintenance services. Some of its new vehicles include brands like Ford, Toyota, GMC, Cadillac, Chevrolet and Buick. Reagor-Dykes Motors, LP, based in Lubbock, TX, and its debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 18-50214) on Aug. 1, 2018. In its petition, the Debtors estimated $10 million to $50 million in both assets and liabilities. The petition was signed by Bart Reagor, managing member of Reagor Auto Mall I, LLC, general manager and Rick Dykes, managing member of Reagor Auto Mall I, LLC, general partner. The Hon. Robert L. Jones presides over the case. David R. Langston, Esq., at Mullin Hoard & Brown, L.L.P., serves as bankruptcy counsel. BlackBriar Advisors LLC personnel is serving as CRO for the Debtor. JND Corporate Restructuring serves as its noticing, claims and balloting agent. RICHERT FUNDING: Trustee Taps Akerman as Legal Counsel ------------------------------------------------------ Soneet Kapila, the Chapter 11 trustee for Richert Funding, LLC, received approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Akerman LLP as his legal counsel. The firm will represent the trustee in his consultation and negotiation with the Debtor and its creditors; assist the trustee in the review and negotiation of any proposed plan of reorganization; and provide other legal services related to the Debtor's Chapter 11 case. Akerman charges these hourly fees: Partners $475 - $760 Associates $270 - $350 Paralegals $175 - $270 Samual Miller, Esq., and Esther McKean, Esq., the attorneys who will be handling the case, will charge $585 per hour and $475 per hour, respectively. Mr. Miller, a partner at Akerman, disclosed in a court filing that the firm's attorneys are "disinterested" as defined in section 101(14) of the Bankruptcy Code. Akerman can be reached through: Samual A. Miller, Esq. Akerman LLP 420 S. Orange Avenue, Suite 1200 Orlando, FL 32801 Tel: +1 407 419 8477 Email: samual.miller@akerman.com About Richert Funding Richert Funding LLC, based in Orlando, Florida, issues loans to individuals and legal entities. Creditors Chris Beauchamp, Clayton Worden and Benjamin Grauer filed against Richert Funding an involuntary Chapter 7 petition (Bankr. M.D. Fla. Case No. 18-06276) on Oct. 11, 2018. The creditors hired Aldo Bartolone, Esq., as their counsel while the Debtor hired Furr & Cohen, P.A. as its counsel. On Oct. 22, 2018, the court ordered the conversion of the case to a Chapter 11 case and the appointment of a Chapter 11 trustee. On Oct. 29, 2018, the court approved the appointment of Soneet R. Kapila as Chapter 11 trustee. The Trustee tapped Akerman LLP as his legal counsel. RICHERT FUNDING: Trustee Taps KapilaMukamal as Accountant --------------------------------------------------------- Soneet Kapila, the Chapter 11 trustee for Richert Funding, LLC, received approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire his own firm KapilaMukamal, LLP as accountant. The firm will assist the trustee in reviewing financial information prepared by the Debtor; analyze the Debtor's assets, liabilities and the conduct of its affairs; prepare tax returns and financial statements; and provide other accounting services. KapilaMukamal and its accountants are "disinterested" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Soneet R. Kapila KapilaMukamal, LLP 1000 South Federal Highway, Suite 200 Kapila Building Fort Lauderdale, FL 33316 Direct: 954-712-3201 Email: kapila@kapilamukamal.com About Richert Funding Richert Funding LLC, based in Orlando, Florida, issues loans to individuals and legal entities. Creditors Chris Beauchamp, Clayton Worden and Benjamin Grauer filed against Richert Funding an involuntary Chapter 7 petition (Bankr. M.D. Fla. Case No. 18-06276) on Oct. 11, 2018. The creditors hired Aldo Bartolone, Esq., as their counsel while the Debtor hired Furr & Cohen, P.A. as its counsel. On Oct. 22, 2018, the court ordered the conversion of the case to a Chapter 11 case and the appointment of a Chapter 11 trustee. On Oct. 29, 2018, the court approved the appointment of Soneet R. Kapila as Chapter 11 trustee. The Trustee tapped Akerman LLP as his legal counsel. ROSS COTTOM: Balloon Payment for PNB Disclosed in 2nd Amended Plan ------------------------------------------------------------------ Ross Cottom Lanes, Inc. filed with the U.S. Bankruptcy Court for the District of Illinois a second amended disclosure statement and plan of reorganization. The second amended plan and disclosure statement corrects a misstatement on the application of funds received by SBA and Peoples National Bank from the liquidation of DEC property pre-petition. The second amended plan also reflects the change of the unsecured creditor claims by removing Peoples National Bank's unsecured claim pursuant to an agreement between the bank and SBA. The second amended plan also provides for a balloon payment at the end of five years to both Peoples National Bank secured claim classes 2A-1 and 2A-2. A copy of the Second Amended Disclosure Statement is available at https://is.gd/48vzVV from Pacermonitor.com at no charge. About Ross Cottom Lanes Ross Cottom Lanes Inc. owns in fee simple interest a 16-lane bowling center on approximately two acres of land located at 2080 Highway 45 N. Harrisburg, Illinois. The property is valued by the company at $750,000. Ross Cottom Lanes is a small business debtor as defined in 11 U.S.C. Section 101(51D), with gross revenue amounting to $330,136 for fiscal year 2017 and $371,993 for fiscal year 2016. Ross Cottom Lanes sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 18-40016) on Jan. 8, 2018. In its petition signed by authorized representative Douglas E. Cottom, the Debtor disclosed $864,725 in assets and $2.31 million in liabilities. Judge Laura K. Grandy presides over the case. Antonik Law Offices serves as counsel to the Debtor. RUBY'S FRANCHISE: Taps Armory Consulting as Financial Advisor ------------------------------------------------------------- Ruby's Franchise Systems, Inc., received approval from the U.S. Bankruptcy Court for the Central District of California to hire Armory Consulting Co. as its financial advisor. The firm will provide strategic guidance to assist the Debtor through its Chapter 11 bankruptcy, manage reporting requirements, including monthly operating reports, and provide other financial advisory services related to the case. James Wong, principal of Armory Consulting, will provide services at a discounted hourly rate of $325. The rate for senior consultants who may render services is $150 per hour. Mr. Wong disclosed in a court filing that his firm is "disinterested" as defined in section 101(14) of the Bankruptcy Code. Armory Consulting can be reached through: James Wong Armory Consulting Co. 3943 Irvine Blvd., #253 Irvine, CA 92602 Phone: (714) 222-5552 Email: jwong@armoryconsulting.com About Ruby's Franchise Systems Ruby's Franchise Systems, Inc. -- https://www.rubys.com/franchising -- is the creator of Ruby's Diner which serves burgers, hand-made milkshakes, in addition to a wide selection of breakfast, lunch and dinner entrees. Ruby's Diner operates across California, Nevada and Texas. Ruby's Franchise Systems filed its voluntary petition for relief under chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-13324) on Sept. 6, 2018. In the petition signed by Doug Cavanaugh, president, the Debtor estimated $50,000 in assets and $1 million to $10 million in liabilities. Theodora Oringher PC, led by Eric J. Fromme, serves as general bankruptcy counsel to the Debtor. SALMON FALLS: Jan. 22 Plan Confirmation Hearing ----------------------------------------------- The Bankruptcy Court has approved the second amended disclosure statement explaining Salmon Falls Land and Cattle Company, LLC's Chapter 11 Plan. The hearing on confirmation of the Plan is set for January 22, 2019 at 2:00 p.m. January 11, 2019 is fixed as the last day for filing and serving written objections to confirmation plan. January 18, 2019 is fixed as the last day for filing and serving responses to written objections to confirmation of the Plan. About Salmon Falls Land and Cattle Company Salmon Falls Land and Cattle Company, LLC listed its business as a Single Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). Salmon Falls Land and Cattle Company, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Cal., Case No. 18-22368) on April 20, 2018. In the petition signed by Joel Martin Korotkin, managing member, the Debtor disclosed between $1 million to $10 million in assets and between $1 million and $10 million in liabilities. Judge Christopher D. Jaime presides over the case. James L. Brunello, Esq., at Attorney at Law, serve as the Debtors' counsel. SEATTLE PROTON: Court Confirms Prepackaged Plan ----------------------------------------------- The Bankruptcy Court has approved the disclosure statement explaining the joint prepackaged plan of reorganization of Seattle Proton Center, LLC, Procure Seattle Holdings, LLC, and Seattle Proton Center Holdings, and confirmed the plan as amended. Plan section E "Exculpation and Limitation of Liability" of Article IX "Certain Effects of Confirmation," will bind only Holders of Claims in Classes 1, 2 and 3 of the Plan which voted to accept the Plan. The definition of "Senior Secured Debt" is revised as follows: Senior Secured Debt: All "Obligations" as defined under the Amended Credit Agreement, and all Claims, amounts, and liabilities of any kind and in any amount owed to the Senior Secured Lenders arising under, pursuant to or in connection with the Amended Credit Agreement, including but not limited to $160,278,763 $156,414,947 owed to the Senior Secured Lenders as of August 31, 2018, comprised of loans and extensions of credits as follows, plus accruing interest, fees and costs: (i) bank loans in the amount of $146,291,234; (ii) hedge obligations in the amount of $10,123,713; and (iii) aggregate obligations on account of a restructuring fee note, a restructuring expense note and an adequate protection note in the amount of $3,863,816.00." Class 1: Secured Claims of Senior Secured Lenders and impaired. Class 1 consists of the Allowed Claim of the Senior Secured Lenders in the amount of the Senior Secured Debt. On the Effective Date, the Senior Secured Debt shall be reduced to the Senior Secured Restructured Debt, and all other amounts owed by the Debtors to the Senior Secured Lenders shall be waived, released, and forgiven. The Senior Secured Restructured Debt shall be paid in full at the Closing Date or pursuant to an Alternative Transaction. Class 2: Claims of IBA and impaired. Class 2 consists of the Allowed Claim of IBA in the amount of the IBA Debt as of the Closing Date. As of the Effective Date, the IBA Debt shall be reduced to (i) $2,000,000 cash; and (ii) the IBA Promissory Note, defined in the Plan as the IBA Restructured Debt. All other amounts owed by the Debtors to the IBA shall be waived, released, and forgiven. Repayment of the IBA Restructured Debt shall be governed by the Plan. On the Closing Date, IBA PT shall be paid $2,000,000 in cash. Class 3: Claim of SCCA and impaired. Class 3 consists of the Allowed Claim of SCCA in the amount of the SCCA Debt as of the Closing Date. No Payments Between Effective Date and Closing Date. Between the Effective Date and the Closing Date, interest shall continue to accrue on the SCCA Debt as provided in the Amended SCCA Services Agreement, but no payments shall be made on the SCCA Debt. On the Closing Date, SCCA shall be issued the unsecured, subordinated SCCA Promissory Note. Commencing on the third anniversary of the Closing Date, payments of principal and interest on the IBA Promissory Note and the SCCA Promissory Note will be made on a pro rata and pari passu basis between the two notes based on the outstanding principal amount of each note; the sum of the interest and principal to be paid on the IBA Promissory Note and the SCCA Promissory Note will not exceed $1,100,000 in any calendar year and payment of any amounts will be made only if the following financial covenants with respect to the Senior Bonds are met. Class 4: Claims of Ordinary Course Creditors. Class 4 consists of the Allowed Claims of Ordinary Course Creditors. Due to the consensual nature of Plan, all Ordinary Course Creditors shall be paid in the Debtors’ ordinary course of business in the manner as if the Bankruptcy Cases had not been commenced. All rights and remedies of any Ordinary Course Creditor shall be remain unimpaired, including but not limited to rights and remedies under any applicable law, under any contract, with respect to any claims against insurance, or any other rights or remedies. No Proofs of Claim need be filed for any Claims. Class 5: Equity Security Interests. Midco's membership units in Opco will be retained by Midco and Newco's membership units in Midco will be retained by Newco. The Plan's implementation will be based primarily upon issuance of taxable bonds for the benefit of Opco. A full-text copy of the Disclosure Statement dated December 4, 2018, is available at: http://bankrupt.com/misc/wawb18-1814380TWD-65.pdf About Seattle Proton Center Seattle Proton Center, LLC -- https://www.sccaprotontherapy.com/ -- owns a cancer treatment center in Seattle, Washington that uses highly targeted proton radiation to treat cancer. Proton therapy is effective in treating many types of cancers, including prostate and genitourinary, brain and central nervous system, breast, gastrointestinal, head & neck, lung and thoracic, ocular (Uveal) melanoma and eye tumors, sarcomas, gynecological, lymphoma, and skin cancers. Seattle Proton Center, Procure Seattle Holdings, LLC and Seattle Proton Center Holdings filed Chapter 11 petitions (Bankr. W.D. Wash. Lead Case No. 18-14380) on Nov. 14, 2018. In the petitions signed by Anna Karin Andrews, president, Seattle Proton Center reported $49,777,854 in total assets and $173,408,587 in total liabilities. Judge Timothy W. Dore oversees the case. SERENITY HOMECARE: Court Confirms Chapter 11 Plan ------------------------------------------------- The Bankruptcy Court has confirmed the joint plan of reorganization filed by Serenity Homecare, LLC, Antigua Investments, LLC, Central Louisiana Home Healthcare, LLC, Cupples Holdings, LLC, Hospice Care of Avoyelles Parish, LLC, Quality Home Health I, LLC and Quality Home Health, Inc. Following the confirmation hearing, the Debtors filed a second immaterially modified first amended joint plan of reorganization. Class 10. Unsecured claims against Serenity Homecare, LLC, in the approximate amount of $151,628.97. Serenity Homecare, LLC, will satisfy their unsecured claims in the approximate amount of $151,628.97 in full, without interest, in cash, over a two (2) year period with payments to be made monthly commencing on the effective date in the amount of $6,317.88. Class 11. Unsecured claims against Quality Home Health I, LLC in the approximate amount of $0.00. The unsecured claims against Quality Home Health I, LLC, which the Debtor believes to be zero, will be paid in full twelve (12) months from the effective date. Class 12. Unsecured claims against Hospice Care of Avoyelles Parish, LLC in the amount of $313,275.53. Hospice Care of Avoyelles Parish, LLC, will satisfy the claims of the Department of Health and Human Services in full pursuant to the assumption of the Medicare provider agreement and by virtue of a payment arrangement made with the Department. Class 13. General unsecured claims Hospice Care of Avoyelles Parish, LLC in the approximate amount of $75,247.81. General unsecured claims against Hospice Care of Avoyelles Parish, LLC will receive payment in full of their claims over five (5) years, with payments to be made monthly commencing on January 31, 2019. Class 14. Unsecured claims against Antigua Investments, LLC in the approximate amount of $100,065.17. The unsecured claims of Antigua Investments, LLC will receive their pro-rata share of $5,000 per month until paid in full, without interest, with payments commencing sixty (60) days from the effective date. Class 15. Unsecured claims against Cupples Holdings, LLC in the amount of $18,491.02. The unsecured claims of Cupples Holdings, LLC will receive their pro-rata share of $1,000 per month until paid in full, without interest, with payments commencing sixty (60) days from the effective date. Class 16. Unsecured claims against Central Louisiana Home Health, LLC in the amount of $704,955.50. The unsecured claims of the Debtor, Central Louisiana Home Health, LLC, will receive their pro-rata portion of proceeds of litigation after all secured and priority claims of Central Louisiana Home Health, LLC are paid. Class 17. Unsecured insider claims (held by Thomas Cupples) . All insider unsecured claims will be converted into equity shares in the reorganized Debtor. A full-text copy of the Disclosure Statement dated December 4, 2018, is available at: http://bankrupt.com/misc/lawb18-1780881-380.pdf About Serenity Homecare Serenity Homecare, LLC, is a home health care service provider in Alexandria, Louisiana. Serenity Homecare and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. Lead Case No. 17-80881) on Aug. 22, 2017. Thomas E. Cupples, II, its member and manager, signed the petitions. Judge John W. Kolwe presides over the cases. Each of Serenity Homecare, Antigua Investments, Central Louisiana Home, Cupples Holdings, Hospice Care of Avoyelles, Quality Home Health I and Quality Home Health estimated under $50,000 in assets. Serenity Homecare and Cupples Holdings estimated under $1 million in liabilities. Antigua Investments estimated $1 million to $10 million in liabilities. Central Louisiana Home, Hospice Care of Avoyelles and Quality Home Health I estimated under $500,000 in liabilities. Quality Home Health estimated under $100,000 in liabilities. The Debtors tapped Gold, Weems, Bruser, Sues & Rundell as bankruptcy counsel; Daenen Henderson & Company, LLC as accountant; and Langlinais Broussard & Kohlenberg as special purpose accountant. SINGLETON FOOD: Seeks to Hire Welch Walker as Accountant -------------------------------------------------------- Singleton Food Services, Inc., seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Welch, Walker & Associates, P.C., Certified Public Accountants. The accounting services to be provided by the firm include reviewing financial reports and information concerning the administration of the Debtor's Chapter 11 case; assisting the Debtor in the preparation of tax returns; and advising the Debtor regarding any potential sale of its assets. Tacie Bracken, the accountant employed with Welch who will be providing the services, charges $200 per hour. The hourly fee of another accountant who may work on the Debtor's account charges $95 per hour. Wallace Welch, managing partner at Welch, disclosed in a court filing that his firm is "disinterested" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Wallace K. Welch Welch, Walker & Associates, P.C. 489 Highland Crossing, Suite 208 East Ellijay, GA 30540 Tel: 706-515-2000 About Singleton Food Services Singleton Food Services, Inc. is a privately-held company in Ellijay, Georgia, operating in the restaurants industry. Singleton Food Services sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-22157) on Nov. 3, 2018. In the petition signed by Edward J. Singleton Jr., chairman and CEO, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The Debtor tapped the Law Office of Scott B. Riddle, LLC, as its legal counsel. SKYLINE RIDGE: Jan. 23 Plan Confirmation Hearing ------------------------------------------------ The Bankruptcy Court has approved the disclosure statement explaining Skyline Ridge, LLC's Plan and will consider whether to confirm the Debtor's Plan at a hearing on January 23, 2019, at 10:45 a.m. Any party desiring to object to confirmation of the Plan must file a written objection by January 16, 2019. About Skyline Ridge Based in Tucson, Arizona, Skyline Ridge, LLC, is an Arizona limited liability company categorized under residential contractor. Skyline Ridge filed for chapter 11 bankruptcy protection (Bankr. D. Ariz. Case No. 18-01908) on March 1, 2018. In the petition signed by Ahmad Zarifi, managing member and sole owner, the Debtor estimated assets at $1 million to $10 million and liabilities at the same range. Michael Baldwin, PLC, is the Debtor's attorney. The Court approved Sue Hill as the Debtor's licensed real and estate agent, and Long Realty, as the licensed real estate broker, and Sue Hill and Long Realty, as the realtor. SUGARLOAF HOLDINGS: Authorized to Use Funds From Sale of Cattle --------------------------------------------------------------- The Hon. Kevin R. Anderson of the U.S. Bankruptcy Court for the District of Utah authorized Sugarloaf Holdings, LLC, to use the funds received from the prior sale of cattle in the original amount of $568,359, in a manner consistent with the Debtor's Cash Collateral Budget and subject to reasonable variations. Bank of the West is granted a replacement lien on any present or future crops or livestock of the Debtor. If the adequate protection provided herein proves ineffectual, Bank of the West will be entitled to a super-priority administrative expense claim under 11 U.S.C. Section 507(b). If, on July 5, 2019, the Debtor has not otherwise refinanced the loans from Bank of the West, the Debtor must commence making adequate protection payments to Bank of the West of $60,000 per month, and continuing on the same day each month thereafter until Bank of the West is paid off or a plan is confirmed. A full-text copy of the Order is available at http://bankrupt.com/misc/utb18-27705-71.pdf About Sugarloaf Holdings Sugarloaf Holdings, LLC -- http://sugarloafholdings.com/-- is a privately-held company in Lehi, Utah, whose business consists of farming and ranching operations. Sugarloaf Holdings filed a Chapter 11 petition (Bankr. D. Utah Case No. 18-27705) on Oct. 15, 2018. In the petition signed by David J. Gray, manager, the Debtor disclosed $21,067,619 in total assets and $15,666,618 in total debt. The case is assigned to Judge Kevin R. Anderson. The Debtor is represented by Parsons Behle & Latimer. The Debtor tapped Berkeley Research Group as its financial advisor; Dwayne Asay and Squire & Company, PC, as accountants; and J. Philip Cook and J. Philip Cook, LLC, as forensic real estate professionals. TAJA REAL: Seeks to Hire Independence Financial as Accountant ------------------------------------------------------------- Taja Real Estate Investors, LLC, seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Independence Financial Services, LLC as its accountant. The services to be provided by the firm include reviewing and preparing the Debtor's monthly reports and tax returns, and addressing other tax and accounting-related issues that may arise in the Debtor's Chapter 11 case. John Hoffman, the accountant employed with Independence Financial who will be providing the services, will charge an hourly fee of $150. Independence Financial is "disinterested" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: John L. Hoffman, Independence Financial Services, LLC 1410 Shore Rd Northfield, NJ 08225 Phone: (609) 645-0553 About Taja Real Estate Investors Taja Real Estate Investors LLC is an investment company headquartered in Pleasantville, New Jersey. It has equitable interest in 21 commercial and residential properties located in New Jersey and Pennsylvania. Taja Real Estate Investors sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-34266) on Dec. 10, 2018. At the time of the filing, the Debtor disclosed $2,871,245 in assets and $480,126 in liabilities. Flaster/Greenberg, P.C., is the Debtor's counsel. TERRAVISTA PARTNERS: Seeks Authorization to Use Cash Collateral ---------------------------------------------------------------- Terravista Partners - Hidden Village, Ltd., seeks authorization from the United States Bankruptcy Court for the Western District of Texas to use cash collateral in the ordinary course of its business. The Debtor claims that the use of cash collateral will allow it to pay its post-petition expenses. Thus, it is critical that Debtor obtains the immediate use of cash collateral to insure continued operations in the normal course of business and timely payment of court-approved Debtor's post-petition obligations. Dougherty Mortgage LLC asserts a security interest in the Debtor's cash and receivables. The Debtor believes that Dougherty asserts an interest in accounts receivable and contract rights due and owing to Debtor. However, the Debtor reserves the right to dispute the validity, priority and extent of such interest. The Debtor requests that Dougherty be granted a replacement lien (securing payment of an amount equal to the amount of cash collateral, if any, used by Debtor) on all proceeds of receivables (after paying its post-petition expenses) to the extent acquired after the Petition Date and if it is ultimately determined that Dougherty has a valid security interest in the pre-petition receivables and proceeds. Such replacement liens will be adequate protection for the use of any cash collateral. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/txwb18-52901-7.pdf About Terravista Partners Terravista Partners - Hidden Village, Ltd., d/b/a Hidden Village Apartments, d/b/a Hidden Village Apartment Homes, is a real estate lessor headquartered in San Antonio, Texas. Terravista Partners - Hidden Village filed a Chapter 11 petition (Bankr. W.D. Tex. Case No. 18-52901), on December 4, 2018. The petition was signed by Philip W. Stewart, president of Terravista - Hidden Village Corporation. At the time of filing, the Debtor estimated $1 million to $10 million in assets and the same range of liabilities. The case is assigned to Judge Craig A. Gargotta. William B. Kingman, lead partner of the Law Offices of William B. Kingman, PC, is the Debtor's counsel. TOYS R US: Unsecureds to Recover 6.2% Under Latest Propco I Plan ---------------------------------------------------------------- Toys "R" Us Property Company I, LLC, ("Propco I"), Wayne Real Estate Holding Company, LLC, MAP Real Estate, LLC, TRU 2005 RE I, LLC, TRU 2005 RE II Trust, and Wayne Real Estate Company, LLC jointly filed with the U.S. Bankruptcy Court for the Eastern District of Virginia a disclosure statement for their second joint amended plan. The second amended Plan provides for the reorganization of the Plan Debtors as a real estate company, which will manage and/or dispose of the Plan Debtors' property outside of chapter 11. The Plan is being proposed as a joint plan of reorganization of the Plan Debtors for administrative purposes only and constitutes a separate chapter 11 plan of reorganization for each Plan Debtor. The Plan is not premised upon the substantive consolidation of the Plan Debtors with respect to the Classes of Claims or Interests set forth in the Plan. The second amended plan provides that general unsecured creditors of Propco I is projected to recover 6.2% under the plan. The Plan Debtors Cash on hand, and any other Cash received or generated by the Plan Debtors shall be used to fund the distributions to holders of Allowed Claims. Upon the Effective Date, all Interests in Propco I will be canceled and the New Common Stock, New Warrants, and, as applicable, New Contingent Equity Rights will be issued as set forth under the Plan. The New Common Stock, New Warrants, and New Contingent Equity Rights will be freely tradable and eligible for the book-entry delivery, depository, and settlement services of DTC. On the Effective Date, the Reorganized Plan Debtors will issue all securities, notes, instruments, certificates, and other documents required to be issued pursuant to the Plan, except as provided above with respect to Disputed Claims. A copy of the Latest Disclosure Statement is available at https://is.gd/pSSmIm from Pacermonitor.com at no charge. About Toys "R" Us 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. TSC/NESTER'S LANDING: Discloses No Unsecured Claims Filed --------------------------------------------------------- TSC/Nester's Landing LLC filed with the U.S. Bankruptcy Court for the District of Maryland a third amended Chapter 11 plan of reorganization dated Dec. 18, 2018. Class 4 under the plan consists of the General Unsecured Claims. In the event that all holders of Allowed Administrative Expense Claims and Allowed Class 1, 2, and 3 Claims have received payment of the full of such Allowed Claims as provided in the Plan, each holder of an Allowed Class 4 General Unsecured Claim shall receive a Pro Rata distribution from Available Cash, if any, up to the amount necessary to pay such Class 4 Claims paid in full. In the event that there is no Available Cash remaining after payment of the Allowed Class 1, 2, and 3 Claims, Class 4 Claim holders shall not receive any distribution. The Debtor discloses in this filing that no such claims were scheduled or filed. A copy of the Third Amended Plan is available at https://is.gd/LBwvDO from Pacermonitor.com at no charge. About TSC/Nester's Landing LLC TSC/Nester's Landing is the fee simple owner of a property located at 1915 Turkey Point Road, Baltimore County (consisting of subdivided lots) valued at $1.89 million. Its affiliate TSC/Green Acres Road, LLC owns in fee simple interest subdivided lots located at 7345 Green Acres Drive, Glen Burnie, Maryland, valued by the company at $2.08 million. TSC/Nester's Landing filed a Chapter 11 bankruptcy petition (Bankr. D. Md. Case No. 17-25913) on Nov. 28, 2017. In the petition signed by Gerard McDonough, trustee for AN&J Family Trust, the Debtor disclosed total assets of $1.89 million and total liabilities of $1.69 million. Judge Thomas J. Catliota presides over the case. The Debtor is represented by David W. Cohen Law Office. TWIFORD ENTERPRISES: Cash Collateral Use Extended to March 1 ------------------------------------------------------------ The Hon. Cathleen D. Parker of the U.S. Bankruptcy Court for the District of Wyoming signed an order authorizing Twiford Enterprises, Inc.'s continued use of cash collateral, subject to the conditions stated in the Cash Collateral Order except that the "termination event" of Sept. 1, 2018 is modified and extended to March 1, 2019. A copy of the Order is available at http://bankrupt.com/misc/wyb18-20120-339.pdf About Twiford Enterprises Twiford Enterprises, Inc., is a privately held company in Glendo, Wyoming in the crop farming industry. The Company owns in fee simple 2870 acres of land and buildings located at 642 Horseshoe Creek Road Glendo, Wyoming having an appraised value of $4.65 million. Its gross revenue amounted to $2.23 million in 2017 and $2.38 million in 2016. Twiford Enterprises filed a Chapter 11 bankruptcy petition (Bankr. D. Wyo. Case No. 18-20120) on March 9, 2018. In its petition signed by its secretary, Jack Twiford, the Debtor disclosed total assets of approximately $7.68 million and $6.49 million in total debt. The Hon. Cathleen D. Parker is the case judge. The Debtor hired Stephen R. Winship, Esq., at Winship & Winship, P.C., as counsel. U REST: Seeks Authority to Use Cash Collateral Through March 31 --------------------------------------------------------------- U Rest, LLC, asks the U.S. Bankruptcy Court for the District of Maine for continued authority to use cash collateral in accordance with the Cash Plan on a final basis for the period of Jan. 1, 2019 through March 31, 2019. The Debtor operates a hotel business located at 241 North Street, Houlton, Maine, under the name Ivey's Motor Lodge, and a restaurant business at the same address under the name O'Kelly's Irish Pub. The Debtor submits that cash collateral will be used as necessary to fund the operations of its hotel and restaurant facility, including funding payroll and funding expenses necessary to repair and maintain the assets owned and/or leased by the Debtor and/or the Debtor's sole member (all as more specifically set forth in the Cash Plan). Prior to the Petition Date, the Debtor entered into certain loan agreements with the Lenders: (i) TD Bank, NA; and (ii) U.S. Small Business Administration. The Debtor agrees that, as of the Petition Date, it was indebted to TD Bank in an amount not less than $1,203,894 pursuant to that certain Promissory Note, secured by a first priority, validly perfected lien on all, or substantially all business assets of the Debtor and the proceeds thereof, including, without limitation, accounts. Richard A. Kelley (sole member and 100% owner of the Debtor) guaranteed the obligations of the Debtor to TD Bank. The TD Mortgage constitutes a valid, perfected, first priority mortgage and security interest in the real property together with improvements thereon, and rights and interests therein. The Debtor acknowledges that the total current indebtedness to SBA is as follows: -- First SBA Transaction: $201,370; -- Second SBA Transaction: $250,929; and -- Third SBA Transaction: $527,666. The Debtor proposes to provide adequate protection in one or more of the following manners: (i) through existing equity cushions in collateral pledged to TD Bank and/or SBA; (ii) through an increase in cash collateral through operations over the course of the previous and proposed cash collateral periods; and/or (iii) through operations, repair and maintenance of the facilities, allowing for the continued generation of revenue. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/meb18-10504-99.pdf About U Rest U Rest, LLC, operates a hotel business located at 241 North Street, Houlton, Maine, under the name Ivey's Motor Lodge, and a restaurant business at the same address under the name O'Kelly's Irish Pub. U Rest sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Maine Case No. 18-10504) on Aug. 28, 2018. In the petition signed by Richard A. Kelley, president, the Debtor disclosed $2,803,292 in assets and $2,401,126 in liabilities as of Aug. 24, 2018. Judge Peter G. Cary oversees the case. BERNSTEIN, SHUR, SAWYER & NELSON, P.A., is the Debtor's counsel. VANGUARD NATURAL: Draws Down $17-Mil. Under Citibank Loan Facility ------------------------------------------------------------------ In a filing with the Securities and Exchange Commission, Vanguard Natural Resources, Inc. disclosed that it has borrowed approximately $17.1 million under its Fourth Amended and Restated Credit Agreement, dated as of Aug. 1, 2017, among the Company, Vanguard Natural Gas, LLC, Citibank N.A., as administrative agent and the lenders, which represented the remaining undrawn amount that was available under the Credit Agreement. These funds are intended to be used for general corporate purposes. As of Dec. 31, 2018, following the completion of this borrowing, the aggregate principal amount of borrowings under the Credit Agreement were approximately $682.3 million, including approximately $0.2 million of letters of credit, and the Company's cash balance was approximately $31.0 million. Borrowings under the Credit Agreement bear interest at (i) the alternative base rate plus an applicable margin of 1.75% to 2.75%, based on the Company's borrowing base utilization or (ii) the adjusted 30-day LIBOR plus an applicable margin of 2.75% to 3.75%, based on the Company's borrowing base utilization. About Vanguard Natural Vanguard Natural Resources, Inc. -- http://www.vnrenergy.com/-- is an independent exploration and production company focused on the production and development of oil and natural gas properties in the United States. Vanguard's assets consist primarily of producing and non-producing oil and natural gas reserves located in the Green River Basin in Wyoming, the Piceance Basin in Colorado, the Permian Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma, the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and North Texas, the Wind River Basin in Wyoming and the Powder River Basin in Wyoming. More information on Vanguard can be found at www.vnrenergy.com. "At September 30, 2018, we were in compliance with all of our debt covenants. Given, in part, the current environment for commodity prices and basis differentials, we updated our internal projections to take such updates into account, and, as a result of these updated projections, we now expect that we may not be in compliance with our ratio of consolidated first lien debt to EBITDA covenant as defined within the Second Amendment to the Successor Credit Facility in certain future periods, beginning with the December 2018 reporting period. In light of these updates, we have taken a number of steps to mitigate a potential default, including (i) discussions with certain banks in our Successor Credit Facility to amend our ratio of consolidated first lien debt to EBITDA covenant, (ii) continue to pursue efforts to divest certain oil and natural gas properties to use proceeds to reduce first lien leverage and (iii) investigating refinancing alternatives. To the extent we breach the consolidated first lien debt to EBITDA covenant as defined within the Second Amendment to the Successor Credit Facility, we would be in default and the lenders would be able to accelerate the maturity of that indebtedness (which could result in an acceleration of our Senior Notes due 2024) and exercise other rights and remedies, all of which could adversely affect our operations and our ability to satisfy our obligations as they come due. These conditions raise substantial doubt about our ability to continue as a going concern within one year after the date that these financial statements are issued. While no assurances can be made that we will be able to consummate such mitigation plans, we believe the combination of the long-term global outlook for commodity prices and our mitigation efforts will be viewed positively by our lenders," the Company stated in its Quarterly Report for the period ended Sept. 30, 2018. On Dec. 6, 2018, Vanguard Natural entered into the Third Amendment to the Fourth Amended and Restated Credit Agreement, dated as of Aug. 1, 2017, among the Company, Vanguard Natural Gas, LLC, Citibank N.A., as Administrative Agent and the lenders. The Third Amendment makes certain modifications to the Credit Agreement to allow the Company additional flexibility to pursue and consummate sales of certain of its oil and natural gas properties. As of Sept. 30, 2018, Vanguard Natural had $1.50 billion in total assets, $1.23 billion in total liabilities, and $274.31 million in total stockholders' equity attributable to common stockholders. VICTORY SOLUTIONS: Unsecured Creditors to Get $20K Under Plan ------------------------------------------------------------- Victory Solutions, LLC, filed a Joint Disclosure Statement and Plan proposing to pay general unsecured claims, classified in Class 4, a "carve out" of $20,000. Class 1 - Prepetition Secured Claims of the Internal Revenue Service is likely impaired. The Class 1 claim will be paid from the proceeds of the sale of Debtor's assets. Class 3 - Priority Tax Claims are impaired, and shall be paid with any time in whole or in part. Partial prepayments shall apply against installments due in the order of maturity. Each holder of Class 3 Claim shall not retain its lien on Debtor's assets because Debtor's Assets are being sold free and clear of liens. Class 5 - All Claims and Interests of the Owners of All Issued and Outstanding Interests of Victory Solutions, LLC. No Class 5 shall be paid. Funds the Debtors generate from the sale of its assets which are placed in a special account to be issued solely for distribution to creditors and which will be in an amount sufficient to satisfy the distributions required under the Plan. A full-text copy of the Disclosure Statement dated December 4, 2018, is available at: http://bankrupt.com/misc/ohnb18-1815798jps-32.pdf About Victory Solutions Victory Solutions LLC is a telecommunications equipment supplier in Strongsville, Ohio. It developed the Victory VoIP (Voice-over Internet Protocol) system -- a specially equipped phone that serves as a plug-and-play call center and enables campaigns to contact more voters and build intelligent databases. Victory Solutions sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio Case No. 18-15798) on Sept. 27, 2018. The Debtor previously filed for bankruptcy protection (Bankr. N.D. Ohio Case No. 18-10977) on Feb. 26, 2018. In the petition signed by Shannon Burns, managing member, the Debtor disclosed $231,901 in assets and $2,014,386 in liabilities. Judge Jessica E. Price Smith presides over the case. The Debtor hired Forbes Law LLC as its legal counsel. WELLNESS ANALYSIS: Unsecured Creditors to Get 60 Monthly Payments ----------------------------------------------------------------- Wellness Analysis, LLC., filed a Chapter 11 plan and accompanying disclosure statement. Class 6 Claimants (Allowed Unsecured Creditors) are impaired and will be satisfied as follows: the Class 6 creditors will share pro rata in the unsecured creditors pool. The Debtor will make 60 monthly payments commencing on the Effective Date in an amount necessary to pay all allowed unsecured creditors in full. The insider claims of Chikh will not participate in the Class 6 creditor pool. Based upon the Proof of claim on file and the Debtor schedules, the total Class 6 claims should not exceed $100,000. Class 3 Claimants (Texas Workforce Commission) are impaired and shall be satisfied as follows: the Texas Workforce Commission (“TWC”) has filed a Proof of Claim asserting a claim for $1,160 for unemployment taxes. The Debtor shall pay the priority amounts in the TWC’s Proof of Claim in full with interest at the rate of 5.50% per annum within 12 months of the Petition Date, subject to the provision of the potential sale under the Plan. The Debtor believes the monthly payment amount on the TWC’s priority claims will be approximately $100. Class 5 Claimant (Allowed Secured Claim of QA Group, LLC) is impaired and shall be satisfied as follows: QA Group, LLC (“QA”) entered into a Lease Purchase Agreement with the Debtor in July 2017 for the purchase to certain medical equipment (“Equipment”). After the bankruptcy was filed, the Debtor and QA entered into that certain Agreed Order entered on July 30, 2018 providing QA shall have a secured claim in the amount of $304,800 to be paid in 48 equal payments of $6,350 commencing on September 1, 2018. Under the terms of this Plan, the Debtor shall continue to make the monthly payments of $6,350 to QA until QA has received a total of 48 payments on its secured claim. Under this Plan the Debtor will use the funds from the lease to repay the creditors. A full-text copy of the Disclosure Statement dated December 4, 2018, is available at: http://bankrupt.com/misc/txeb18-1841066-77.pdf About Wellness Analysis Wellness Analysis LLC operates a clinical medical laboratory in Farmer Branch, Texas. The laboratory conducts tests on clinical specimens to get specific information about the health of a patient to help in diagnosing, treating and preventing diseases. Wellness Analysis filed its voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 18-41066) on May 24, 2018. In the petition signed by Mustopha Oulad Chikh, sole member, the Debtor estimated $1 million to $10 million in assets and liabilities. Eric A. Liepins and the law firm of Eric A. Liepins, P.C., serve as the Debtor's counsel. WEST VILLAGE: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: West Village Holdings, LLC 7335 Old National Highway Riverdale, GA 30296 Business Description: West Village Holdings, LLC is a real estate lessor whose principal assets are located at 7335 Old National Highway, Riverdale, Georgia 30296 and 0 Jonesboro Road, Riverdale, GA 30296 with a comparable sale value of $3.30 million. Chapter 11 Petition Date: January 1, 2019 Court: United States Bankruptcy Court Northern District of Georgia (Atlanta) Case No.: 19-50013 Debtor's Counsel: Will B. Geer, Esq. WIGGAM & GEER, LLC 50 Hurt Plaza, SW, Suite 1245 Atlanta, GA 30303 Tel: (678) 587-8740 Fax: (404) 287-2767 E-mail: wgeer@wiggamgeer.com Total Assets: $3,309,900 Total Liabilities: $228,500 The petition was signed by Phillip Cope, authorized representative. The Debtor filed an empty list of 20 largest unsecured creditors. A full-text copy of the petition is available for free at: http://bankrupt.com/misc/ganb19-50013.pdf WINDSOR MARKETING: Cash Collateral Use Until March 1 Okayed ----------------------------------------------------------- The Hon. James J. Tancredi of the U.S. Bankruptcy Court for the District of Connecticut has entered his Eighteenth Interim Order authorizing Windsor Marketing Group, Inc., to use cash collateral in the ordinary course of its business. The approved 13-Week Budget provides total cash disbursements of approximately $4,793,199 through week ending March 1, 2019. As of the Petition Date, the Debtor's books and records reflect that the Debtor was indebted and liable to People's United Bank under: (a) a Revolver for $3,412,977; (b) a first capex loan for $190,024; (c) a term loan for $642,857; and (d) a second capex loan for $126,945. To secure the payment and performance of the Revolver, the Debtor granted People's United Bank a security interest in, a lien on and pledge and assignment of substantially all present and future personal property of the Debtor. The Debtor believes that State of Connecticut Department of Economic and Community Development ("DECD") may assert interests in some portion of the cash collateral. As of the Petition Date, the DECD asserts that the Debtor was indebted and liable to the DECD under: (a) a First Assistance Agreement for $207,994.79; and (b) a Second Assistance Agreement for $1,502,223.21, subject to reinstatement of indebtedness that was subject to a loan forgiveness credit under the First Assistance Agreement. People's United Bank and DECD are granted, nunc pro tunc to the Petition Date, the following, to be accorded the same priority as between People's United Bank and DECD as their respective liens and security interests had against the prepetition collateral as of the Petition Date: (a) A continuing post-petition lien and security interest in all pre-petition property of the Debtor as it existed on the Petition Date, of the same type against which People's United Bank and DECD held validly perfected liens and security interests as of the Petition Date; and (b) A continuing postpetition lien in all property acquired by the Debtor after the Petition Date of the same type against which the People's United Bank and DECD held validly perfected liens and security interests as of the Petition Date. However, the Replacement Liens will not extend to any claims or causes of action arising under chapter 5 of the Bankruptcy Code, including the proceeds or property recovered in connection with the pursuit of any such Avoidance Actions. The replacement liens granted to People's United Bank and DECD above will maintain the same priority, validity and enforceability as People's United Bank's and DECD's liens had on the prepetition collateral and will be recognized only to the extent of any actual diminution in the value of the prepetition collateral resulting from the use of cash collateral pursuant to the Order. People's United Bank and DECD will be entitled to a super-priority administrative claim pursuant to 11 U.S.C. Section 503(b) of the Bankruptcy Code, as well as the protections of and the priority set forth in 11 U.S.C. Section 507(b) to the extent the replacement liens granted to People's United Bank and DECD are insufficient to compensate People's United Bank or DECD for any actual diminution in value of the cash collateral. The Debtor will pay the DECD an adequate protection payment of $5,000 on or before October 19, 2018 and to the extent not yet paid, the adequate protection payment of $5,000 that was due pursuant to a prior cash collateral order on or before September 20, 2018 and is to be paid by October 19, 2018. Moreover, the Debtor is authorized to pay only those obligations -- with respect to the Premises located 100 Marketing Drive, Suffield CT -- owed by Marketing Research Park, LLC (Landlord) for ordinary course or outstanding mortgage obligations, real estate taxes, municipal charges, insurance, reasonable maintenance and other reasonable and necessary expenses of operation of the Premises and all such payments must be made directly from the Debtor to the applicable creditor of the Landlord (the "Pass-Through Expenses"). The Debtor will maintain a schedule of all payments of such Pass-Through Expenses and provide a copy of the schedule to counsel to Lender, the Committee, DECD and the US Trustee on a bi-weekly basis. A full-text copy of the Eighteenth Interim Cash Collateral Order is available at http://bankrupt.com/misc/ctb18-20022-339.pdf About Windsor Marketing Group Headquartered in Suffield, Connecticut, Windsor Marketing Group, Inc. -- https://windsormarketing.com/ -- is a privately held company that develops and implements innovative in-store marketing programs for more than 3,000 clients, including some of the nation's top retailers. Founded in 1976, Windsor Marketing helps retailers make their stores easier to shop, reduce turnaround times and lower production and fulfillment costs. Windsor Marketing Group filed a Chapter 11 petition (Bankr. D. Conn. Case No. 18-20022) on Jan. 8, 2018. In the petition signed by Kevin F. Armata, president, the Debtor estimated assets and liabilities at $10 million to $50 million. The Debtor's counsel is James Berman, Esq., at Zeisler & Zeisler, P.C. The U.S. Trustee for Region 2 on Jan. 22, 2018, appointed three creditors to serve on the official committee of unsecured creditors in the Chapter 11 case. Lowenstein Sandler LLP, serves as counsel to the Committee; and Neubert, Pepe & Monteith, P.C., as its Connecticut counsel. WORK & SON: Taps Dearolf & Mereness as Accountant ------------------------------------------------- Work & Son Inc. received approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Dearolf & Mereness LLP as its accountant. The firm will assist the company and its affiliates in matters including tax-related calculations, filings, audits, financial projections, loan renegotiations, and ongoing internal accounting issues related to their business operations. Dearolf will charge these hourly fees: David Mereness $250 Senior Accountant $150 Administrative Personnel $50 David Mereness, the Dearolf accountant who will be providing the services, disclosed in a court filing that he and other members of the firm do not have any connection with the Debtors, creditors and other "parties in interest" that would represent interest adverse to the estates except that the firm provided accounting services prior to the Debtors' bankruptcy filing and that an outstanding balance is owed for such services. Dearolf can be reached through: David A. Mereness Dearolf & Mereness LLP 15425 North Florida Avenue Tampa, FL 33613 Phone: (813) 269-5700 Email: cpa@dearolf.com About Work & Son Work & Son Inc. and its affiliates, privately-held companies in the funeral services industry, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 18-09917) on Nov. 18, 2018. At the time of the filing, Work & Son estimated assets of less than $50,000 and liabilities in the same range. The Debtors tapped the Law Offices of Mary A. Joyner, PLLC as their legal counsel. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re A Slice of New York Inc. Bankr. M.D. Fla. Case No. 18-10587 Chapter 11 Petition filed December 11, 2018 See http://bankrupt.com/misc/flmb18-10587.pdf Filed Pro Se In re Paul G. Christensen Bankr. N.D. Cal. Case No. 18-10852 Chapter 11 Petition filed December 12, 2018 represented by: Peter L. Kutrubes, Esq. LAW OFFICES OF PETER L. KUTRUBES E-mail: pkutrubes@kutrubeslaw.com In re Fuun House Productions L.L.C. Bankr. D. Conn. Case No. 18-32031 Chapter 11 Petition filed December 12, 2018 See http://bankrupt.com/misc/ctb18-32031.pdf represented by: Carl T. Gulliver, Esq. COAN LEWENDON GULLIVER & MILTENBERGER LL E-mail: cgulliver@coanlewendon.com In re Yung, Fly & Rich Entertainment, LLC Bankr. E.D. La. Case No. 18-13286 Chapter 11 Petition filed December 12, 2018 See http://bankrupt.com/misc/laeb18-13286.pdf Filed Pro Se In re C & A Dental Laboratory LLC Bankr. D.N.J. Case No. 18-34426 Chapter 11 Petition filed December 12, 2018 represented by: Leonard S Singer, Esq. ZAZELLA & SINGER, ESQS. E-mail: zsbankruptcy@gmail.com In re Cranbrook Enterprises Inc. Bankr. E.D.N.Y. Case No. 18-47141 Chapter 11 Petition filed December 12, 2018 See http://bankrupt.com/misc/nyeb18-47141.pdf represented by: Narissa A. Joseph, Esq. LAW OFFICE OF NARISSA A. JOSEPH E-mail: njosephlaw@aol.com In re Dale Knox M.D. Inc. Bankr. C.D. Cal. Case No. 18-14541 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/cacb18-14541.pdf represented by: Andrew S. Bisom, Esq. THE BISOM LAW GROUP E-mail: abisom@bisomlaw.com In re James B Stephen Bankr. M.D. Fla. Case No. 18-07723 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/flmb18-07723.pdf represented by: Buffey E Klein, Esq. HUSCH BLACKWELL LLP E-mail: buffey.klein@huschblackwell.com In re Cruising Guide Publications, Incorporated Bankr. M.D. Fla. Case No. 18-10689 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/flmb18-10689.pdf represented by: Buddy D. Ford, Esq. BUDDY D. FORD, P.A. E-mail: Buddy@TampaEsq.com In re Ward Realty, LLC Bankr. W.D. Ky. Case No. 18-33786 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/kywb18-33786.pdf represented by: William Stephen Reisz, Esq. TILFORD, DOBBINS & SCHMIDT, PLLC E-mail: wsreisz@hotmail.com In re SMWS Group LLC Bankr. D. Md. Case No. 18-26379 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/mdb18-26379.pdf File Pro Se In re Zewe & Dee Corp. Bankr. E.D.N.Y. Case No. 18-47148 Chapter 11 Petition filed December 13, 2018 Filed Pro Se In re Caoasis Enterprises, Inc. Bankr. E.D.N.Y. Case No. 18-47162 Chapter 11 Petition filed December 13, 2018 Filed Pro Se In re Bradford Housing LLC Bankr. E.D.N.Y. Case No. 18-47163 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/nyeb18-47163.pdf represented by: Solomon Rosengarten, Esq. E-mail: VOKMA@aol.com In re 6 Hamilton Construction Corp. Bankr. E.D.N.Y. Case No. 18-47167 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/nyeb18-47167.pdf Filed Pro Se In re Caeliafils Corp Bankr. E.D.N.Y. Case No. 18-47168 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/nyeb18-47168.pdf represented by: Joseph Y. Balisok, Esq. BALISOK & KAUFMAN PLLC E-mail: balisoklawyers@gmail.com In re Donald Lynn Jernigan Bankr. N.D. Okla. Case No. 18-12435 Chapter 11 Petition filed December 13, 2018 Filed Pro Se In re Anthony F Garrow Bankr. W.D. Pa. Case No. 18-14783 Chapter 11 Petition filed December 13, 2018 represented by: Kathryn L. Harrison, Esq. Campbell & Levine, LLC E-mail: klh@camlev.com In re Thai Lemar, Inc. Bankr. D.P.R. Case No. 18-07263 Chapter 11 Petition filed December 13, 2018 See http://bankrupt.com/misc/prb18-07263.pdf represented by: Jose M. Prieto Carballo, Esq. JPC LAW OFFICE E-mail: jmprietolaw@gmail.com In re Austin H. Yates and Teri I. Yates Bankr. S.D. Tex. Case No. 18-37003 Chapter 11 Petition filed December 13, 2018 represented by: Larry A. Vick, Esq. E-mail: lv@larryvick.com In re Jonathan Marque Moore Bankr. W.D. Tex. Case No. 18-11633 Chapter 11 Petition filed December 13, 2018 represented by: Stephen W. Sather, Esq. BARRON & NEWBURGER, P.C. E-mail: ssather@bn-lawyers.com In re Tod Charles Turner Bankr. W.D. Wash. Case No. 18-14726 Chapter 11 Petition filed December 13, 2018 Filed Pro Se In re Sebahat Divsar and Eraj Divsar Bankr. W.D. Wash. Case No. 18-14728 Chapter 11 Petition filed December 13, 2018 represented by: Larry B. Feinstein, Esq. VORTMAN & FEINSTEIN PS E-mail: feinstein1947@gmail.com In re Walt Dodge Bankr. C.D. Cal. Case No. 18-14554 Chapter 11 Petition filed December 14, 2018 represented by: Walter David Channels, Esq. CHANNELS LAW OFFICES E-mail: walterchannels@gmail.com In re Janet Carsula Ortiz Bankr. N.D. Cal. Case No. 18-42942 Chapter 11 Petition filed December 14, 2018 represented by: Arasto Farsad, Esq. FARSAD LAW OFFICES E-mail: FarsadECF@gmail.com In re Tobin William Mulshine Bankr. D. Conn. Case No. 18-51630 Chapter 11 Petition filed December 14, 2018 Filed Pro Se In re Ameripro Auto Glass, LLC Bankr. M.D. Fla. Case No. 18-04358 Chapter 11 Petition filed December 14, 2018 See http://bankrupt.com/misc/flmb18-04358.pdf represented by: Jason A. Burgess, Esq. THE LAW OFFICES OF JASON A. BURGESS, LLC E-mail: jason@jasonaburgess.com In re Maxine C. Schwartz Bankr. S.D. Fla. Case No. 18-25550 Chapter 11 Petition filed December 14, 2018 represented by: Jordan L. Rappaport, Esq. E-mail: office@rorlawfirm.com In re Forever Propane Sales & Service, Inc. Bankr. S.D. Fla. Case No. 18-25557 Chapter 11 Petition filed December 14, 2018 See http://bankrupt.com/misc/flsb18-25557.pdf represented by: Chad T. Van Horn, Esq. VAN HORN LAW GROUP, P.A. E-mail: Chad@cvhlawgroup.com In re Hamlett Enterprises, Inc. Bankr. D. Idaho Case No. 18-41169 Chapter 11 Petition filed December 14, 2018 See http://bankrupt.com/misc/idb18-41169.pdf represented by: Robert J. Maynes, Esq. MAYNES TAGGART PLLC E-mail: mayneslaw@hotmail.com In re Panagiotis C. Nassios Bankr. D. Mass. Case No. 18-42302 Chapter 11 Petition filed December 14, 2018 represented by: Michael Van Dam, Esq. VAN DAM LAW LLP E-mail: mvandam@vandamlawllp.com In re Atlantic Recycling Group, LLC. Bankr. D.N.J. Case No. 18-34559 Chapter 11 Petition filed December 14, 2018 See http://bankrupt.com/misc/njb18-34559.pdf represented by: Eugene D. Roth, Esq. LAW OFFICE OF EUGENE D. ROTH E-mail: erothesq@gmail.com In re New York Iron Gym, Inc. Bankr. E.D.N.Y. Case No. 18-78439 Chapter 11 Petition filed December 14, 2018 Filed Pro Se In re Capital District Contractors & Decks Inc. Bankr. N.D.N.Y. Case No. 18-12140 Chapter 11 Petition filed December 14, 2018 Filed Pro Se In re David Ardell Reed and Darcie Joyce Reed Bankr. M.D. Tenn. Case No. 18-08279 Chapter 11 Petition filed December 14, 2018 represented by: Timothy G. Niarhos, Esq. NIARHOS & WALDRON, PLC E-mail: tim@niarhos.com In re Basrah Custom Design, Inc. Bankr. E.D. Mich. Case No. 18-56801 Chapter 11 Petition filed December 16, 2018 See http://bankrupt.com/misc/mieb18-56801.pdf represented by: Stuart Sandweiss, Esq. E-mail: stuart@sandweisslaw.com In re Hanan N. Khoury Bankr. N.D. Ohio Case No. 18-52959 Chapter 11 Petition filed December 16, 2018 represented by: Richard H. Nemeth, Esq. E-mail: rnemeth@ohbklaw.com In re Libby C. Sparks Bankr. C.D. Cal. Case No. 18-14589 Chapter 11 Petition filed December 17, 2018 Filed Pro Se In re Jack Glasser Bankr. E.D.N.Y. Case No. 18-42703 Chapter 11 Petition filed December 17, 2018 represented by: Ronald D. Weiss, Esq. E-mail: weiss@ny-bankruptcy.com In re Jack Glasser Bankr. E.D.N.Y. Case No. 18-78492 Chapter 11 Petition filed December 17, 2018 represented by: Ronald D. Weiss, Esq. E-mail: weiss@ny-bankruptcy.com In re Club 77 Bar & Grill, Inc. Bankr. W.D.N.Y. Case No. 18-12570 Chapter 11 Petition filed December 17, 2018 See http://bankrupt.com/misc/nywb18-12570.pdf represented by: James M. Joyce, Esq. E-mail: jmjoyce@lawyer.com In re CoreTech Industries, LLC Bankr. N.D. Tex. Case No. 18-34196 Chapter 11 Petition filed December 18, 2018 See http://bankrupt.com/misc/txnb18-34196.pdf represented by: Eric A. Liepins, Esq. ERIC A. LIEPINS, P.C. E-mail: eric@ealpc.com In re Corsi Cab Corp Bankr. E.D.N.Y. Case No. 18-47204 Chapter 11 Petition filed December 18, 2018 See http://bankrupt.com/misc/nyeb18-47204.pdf represented by: Bruce Weiner, Esq. ROSENBERG MUSSO & WEINER LLP E-mail: courts@nybankruptcy.net In re Anba Taxi, Inc. Bankr. E.D.N.Y. Case No. 18-47205 Chapter 11 Petition filed December 18, 2018 See http://bankrupt.com/misc/nyeb18-47205.pdf represented by: Bruce Weiner, Esq. ROSENBERG MUSSO & WEINER LLP E-mail: courts@nybankruptcy.net In re Sincere Cab Corp Bankr. E.D.N.Y. Case No. 18-47206 Chapter 11 Petition filed December 18, 2018 See http://bankrupt.com/misc/nyeb18-47206.pdf represented by: Bruce Weiner, Esq. ROSENBERG MUSSO & WEINER LLP E-mail: courts@nybankruptcy.net In re Doyle Wayne Sutton Bankr. N.D. Ga. Case No. 18-42977 Chapter 11 Petition filed December 19, 2018 represented by: Brian R. Cahn, Esq. BRIAN R. CAHN AND ASSOCIATES, LLC E-mail: brc@perrottalaw.com In re Gisele Bouillette Allard Bankr. S.D.N.Y. Case No. 18-14092 Chapter 11 Petition filed December 19, 2018 represented by: Steven Amshen, Esq. PETROFF AMSHEN LLP E-mail: bankruptcy@lawpetroff.com In re East Pattern & Model Corp. Bankr. W.D.N.Y. Case No. 18-21309 Chapter 11 Petition filed December 19, 2018 See http://bankrupt.com/misc/nywb18-21309.pdf represented by: Mike Krueger, Esq. DIBBLE & MILLER E-mail: mjk@dibblelaw.com In re Avowood, Inc. Bankr. W.D. Pa. Case No. 18-24847 Chapter 11 Petition filed December 19, 2018 See http://bankrupt.com/misc/pawb18-24847.pdf represented by: Brian C. Thompson, Esq. THOMPSON LAW GROUP, P.C. E-mail: bthompson@ThompsonAttorney.com In re Callamac, Inc. Bankr. W.D. Pa. Case No. 18-24848 Chapter 11 Petition filed December 19, 2018 See http://bankrupt.com/misc/pawb18-24848.pdf represented by: Brian C. Thompson, Esq. THOMPSON LAW GROUP, P.C. E-mail: bthompson@ThompsonAttorney.com In re Paul Joseph Kneeland, Jr. and Patricia Kneeland Bankr. C.D. Cal. Case No. 18-14634 Chapter 11 Petition filed December 20, 2018 represented by: Michael Jones, Esq. M JONES & ASSOICATES, PC E-mail: mike@mjthelawyer.com In re Linda LaDonna Smith Bankr. M.D. Fla. Case No. 18-10899 Chapter 11 Petition filed December 20, 2018 represented by: Michael R. Dal Lago, Esq. E-mail: mike@dallagolaw.com In re Marcial Antonio Solis Bankr. S.D. Fla. Case No. 18-25787 Chapter 11 Petition filed December 20, 2018 represented by: Richard Siegmeister, Esq. E-mail: rspa111@att.net In re CP#1109, LLC Bankr. S.D. Fla. Case No. 18-25821 Chapter 11 Petition filed December 20, 2018 See http://bankrupt.com/misc/flsb18-25821.pdf represented by: Gary M Murphree, Esq. A.M. LAW, LLC E-mail: gmm@amlaw-miami.com In re Holleicke-Perrin Tires, Inc. Bankr. D. Kan. Case No. 18-12431 Chapter 11 Petition filed December 20, 2018 See http://bankrupt.com/misc/ksb18-12431.pdf represented by: William H. Zimmerman, Jr., Esq. ERON LAW, P.A E-mail: zim@eronlaw.net In re Fouad Market Halal Food Inc. Bankr. D. Mass. Case No. 18-14721 Chapter 11 Petition filed December 20, 2018 See http://bankrupt.com/misc/mab18-14721.pdf represented by: Nina M. Parker, Esq. PARKER & ASSOCIATES E-mail: nparker@ninaparker.com In re Manhattan River Group, LLC Bankr. S.D.N.Y. Case No. 18-14125 Chapter 11 Petition filed December 20, 2018 See http://bankrupt.com/misc/nysb18-14125.pdf represented by: Brian J. Hufnagel, Esq. E-mail: hufnagellaw@gmail.com In re Larry Frederick and Sharon Frederick Bankr. W.D. Pa. Case No. 18-70870 Chapter 11 Petition filed December 20, 2018 represented by: Robert O. Lampl, Esq. ROBERT O. LAMPL LAW OFFICE E-mail: rol@lampllaw.com In re Marcial Antonio Solis Bankr. S.D. Fla. Case No. 18-25787 Chapter 11 Petition filed December 20, 2018 represented by: Richard Siegmeister, Esq. E-mail: rspa111@att.net In re CP#1109, LLC Bankr. S.D. Fla. Case No. 18-25821 Chapter 11 Petition filed December 20, 2018 See http://bankrupt.com/misc/flsb18-25821.pdf represented by: Gary M Murphree, Esq. A.M. LAW, LLC E-mail: gmm@amlaw-miami.com In re Staley Expedite, LLC Bankr. M.D. Fla. Case No. 18-04436 Chapter 11 Petition filed December 21, 2018 See http://bankrupt.com/misc/flmb18-04436.pdf represented by: Jason A. Burgess, Esq. THE LAW OFFICES OF JASON A. BURGESS, LLC E-mail: jason@jasonaburgess.com ********* 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. 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