/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/190110.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 10, 2019, Vol. 23, No. 9 Headlines 1 GLOBAL CAPITAL: Taps Perlman Bajandas as Litigation Counsel 10 HOMESTEAD AVENUE: Taps Century 21 Professionals as Broker 121 SOURCING & SUPPLY: Taps Steven L. Yarmy as Attorney 3B GLOBAL: Case Summary & 16 Unsecured Creditors 461 NEW LOTS AVENUE: Taps Todd Cushner & Associates as Attorney 7215 N OAKLEY: Exclusive Plan Filing Period Extended to Feb. 20 AA PRODUCTIONS: Jan. 30 Plan Confirmation Hearing ABE'S BOAT: Seeks to Hire Lee Felterman as Broker ALVIN SMOKED: U.S. Trustee Unable to Appoint Committee AMYRIS INC: Registers 19.5 Million Shares for Potential Resale ARTISTICO CONSTRUCTION: U.S. Trustee Unable to Appoint Committee ATD CAPITOL: Seeks Feb. 1 Exclusive Plan Filing Period Extension ATIF INC: Creditor Trustee Taps Morgan & Morgan as Special Counsel AVERY'S USED CARS: U.S. Trustee Unable to Appoint Committee AYTU BIOSCIENCE: Armistice Capital Has 4.9% Stake as of Dec. 31 AZURE LA PALMA: Involuntary Chapter 11 Case Summary BEAVER'S DAIRY: Hires Burgett & Robbins as Special Co-Counsel BEAVER'S DAIRY: Hires Hodgson Russ as Counsel BEAVER'S DAIRY: Hires Saldi Advisory Services as Financial Advisor BEDFORD PROPERTIES: Unsecured Creditors to Get 15% Under Plan BIOSTAR PHARMACEUTICALS: Common Stock Delisted from Nasdaq BJRP LLC: $750K Sale of Substantially All Assets to Tower Approved BLACK IRON: Seeks to Hire Stoel Rives as New Legal Counsel BLACKRIDGE TECHNOLOGY: Issues Shareholder Letter BOWLING GREEN: Exclusive Plan Filing Period Extended to Jan. 31 BRIDGEPORT BIODIESEL: $200K Sale of Equipment to Southern Approved CAMBER ENERGY: Issues Letter to Shareholders from CEO Louis Schott CAPITOL SUPPLY: Seeks Feb. 1 Exclusive Filing Period Extension CASCADE FAMILY: Seeks May 22 Exclusive Filing Period Extension CECIWONG INC: Seeks to Hire M. Jones as Legal Counsel CHESAPEAKE ENERGY: Provides Preliminary Financial Results for Q4 CONTINENTAL WHOLESALE: Seeks to Hire McIntyre as Legal Counsel COOPER COS: S&P Withdraws 'BB+' Issuer Credit Rating CURAE HEALTH: Asks Approval of Management Services Agreement DOUBLE L FARMS: Proposes an Auction or Private Sale of Cull Cows DREAM MOUNTAIN: Trustee Hires Smith, Elliot, Kearns as Accountant DUMITRU MEDICAL: $100K Sale of Sandulescu's Cleveland Property OK'd DYNALYST CORP: Seeks Additional 60-Day Exclusivity Period Extension EST GROUP: Seeks to Hire Whitaker Chalk as Legal Counsel FAIRGROUNDS PROPERTIES: Taps Linx Commercial as Realtor FALLING BRANCH: Taps James Schwitalla as Legal Counsel GEORGIA ANESTHESIA: Seeks Feb. 28 Solicitation Period Extension GLANSAOL HOLDINGS: Seeks to Hire Willkie Farr as Legal Counsel GRATE ENTERPRISES: Taps Service Plus as Accountant GREEN GROUP: Case Summary & 11 Unsecured Creditors HKD TREATMENT: Spencer Buying 2012 Ford Fusion for $4.5K HUFFERMEN INC: U.S. Trustee Unable to Appoint Committee INPIXON: Updates the Terms of Previously Announced Rights Offering IX DESIGN BUILDERS: Plan Confirmation Hearing Continued to Jan. 28 JAGUAR HEALTH: Provides Q4 2018 Commercial Sales Updates JAMES FOODS: Bankruptcy Administrator to Form Committee JAMES FOODS: Case Summary & 20 Largest Unsecured Creditors JAZPAL LLC: Feb. 13 Disclosure Statement Hearing KADMON HOLDINGS: Vivo Opportunity Has 7.9% Stake as of Jan. 7 KAFKA CONSTRUCTION: Seeks March 6 Exclusivity Period Extension KLC SAN DIEGO: Seeks to Hire Curry Advisors as Legal Counsel LAWRENCE BEST: $2.5M Private Sale of Brooklyn Property Approved LBI MEDIA: Committee Hires Bayard, P.A. as Co-Counsel LBI MEDIA: Committee Taps Dundon Advisers as Financial Advisor LC LIQUIDATIONS: Unsecureds to Get 3% Under Ch. 11 Liquidation Plan LC STAHL: Seeks to Hire Stuart J. Wald as Legal Counsel LIL ROCK ELECTRICAL: Unsecured Creditors to Get Nothing Under Plan MEEKER NORTH: Discloses OSDH Probe Into Medicare Compliance MICHAEL MCLEAN: $629K Sale of DC Property to Lemji Approved MKS INSTRUMENTS: S&P Affirms 'BB+' ICR & Rates $650MM Loan 'BB+' NICHOLAS L HUGENTOBLER: Hires Cooper Norman & Co as Accountant NICHOLAS L HUGENTOBLER: U.S. Trustee Unable to Appoint Committee NOWELL TREE: Seeks March 5 Exclusive Plan Filing Period Extension OAK ROCK FINANCIAL: Taps FTI Consulting as Financial Advisor POPLAR CREEK: Delays Plan for Resolution of Bank Motions PROMISE HEALTHCARE: Selling All Assets of Some Affiliates for $63M PROTEA BIOSCIENCES: $108K Sale of Litigation Claims Approved R & B SERVICES: Exclusive Plan Filing Period Extended Until Jan. 21 ROSEGARDEN HEALTH: Trustee's $18K Sale of 2012 Lexus 350RX SUV OK'd SAFE HAVEN: $600K Sale of Boise Property to Lifeways Approved SAMUELS JEWELERS: Has Until March 5 to Exclusively File Plan SANCILIO PHARMACEUTICAL: Plan Solicitation Period Expires March 4 SANCILIO PHARMACEUTICAL: Wants to Move Filing Period to April 5 SCHULDNER LLC: U.S. Trustee Unable to Appoint Committee SENIOR CARE GROUP: Seeks Jan. 28 Plan Filing Deadline Extension SKYMARK PROPERTIES: Case Summary & 20 Largest Unsecured Creditors SKYPATROL LLC: Exclusive Plan Filing Period Extended to March 11 SOUTH PLAZA CENTER: Exclusive Filing Period Extended Until Jan. 31 SOVRANO LLC: Jan. 18 Meeting Set to Form Creditors' Panel STEAM DISTRIBUTION: Unsecureds to Get $1.7MM Over 16 Quarters TECHNOLOGY SOLUTIONS: $255K Sale of Lenovo Inventory to IT Approved VC BATON ROUGE: Seeks to Hire Craig M. Geno as Legal Counsel VC MACON: Seeks to Hire Craig M. Geno as Legal Counsel VERITY HEALTH: $235M Sale of All Assets of Hospital Affiliates OK'd VERITY HEALTH: Given Until April 28 to Exclusively File Plan VEROBLUE FARMS: GAFS Appointed as New Committee Member WALK HILL/CANTERBURY: Voluntary Chapter 11 Case Summary WALL STREET THEATER: Amends Provisions on Plan's Effective Date WHITEWATER/EVERGREEN: $8.5M Sale of Interests in Texas Wells Okayed WOODBRIDGE GROUP: $11M Sale of Eldredge's Beverly Hills Propty. OKd WOODBRIDGE GROUP: $2.6M Sale of Mountain's Aspen Property Approved ZAHMEL RESTAURANT: Wants to Move Exclusive Filing Period to Feb. 1 ZELIS HEALTHCARE: S&P Alters Outlook to Positive & Affirms B+ ICR [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 1 GLOBAL CAPITAL: Taps Perlman Bajandas as Litigation Counsel ------------------------------------------------------------- 1 Global Capital LLC received approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Perlman, Bajandas, Yevoli & Albright, P.L., as special litigation counsel. The firm will provide legal services to the company and its affiliates in connection with the prosecution and resolution of certain litigation arising from their pre-bankruptcy operations of underwriting, funding and collection of merchant credit advances. Specifically, Perlman will pursue pending civil collection matters in the Circuit Courts of Broward County and Volusia County, Florida, and new collection matters assigned to the firm for litigation. The Debtors will pay the firm a flat fee of $500 per assigned case, plus monthly reimbursement of expenses. In addition, Perlman is entitled to payment of a contingent fee for the pending civil collection matters: (1) Pre-judgment collections First $10,000 collected: 33% Second $10,000 collected: 30% Third $10,000 collected: 28% All remaining collected amounts: 25% (2) Post-judgment collections All collected amounts: 33% With respect to certain litigation in which counterclaims have been raised, the Debtors will compensate the firm under a reduced hourly rate arrangement: Partners $250 Associates $150 Paralegals $85 Perlman is "disinterested" as defined in Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Jonathan Feldman, Esq. Perlman, Bajandas, Yevoli & Albright, P.L. 283 Catalonia Avenue, Suite 200 Coral Gables, FL 33134 Phone: (305) 377-0086 E-mail: jfeldman@pbyalaw.com About 1 Global Capital 1 Global Capital, LLC -- https://1stglobalcapital.com/ -- is a direct small business funder offering an array of flexible funding solutions, specializing in unsecured business funding and merchant cash advances. 1 Global Capital LLC, based in Hallandale Beach, Florida, and its debtor-affiliates sought Chapter 11 protection (Bankr. S.D. Fla. Lead Case No. 18-19121) on July 27, 2018. In the petition signed by Steven A. Schwartz and Darice Lang, authorized signatories, 1st Global Capital estimated $100 million to $500 million in assets and liabilities as of the bankruptcy filing. The Hon. Raymond B. Ray presides over the cases. Greenberg Traurig LLP, led by Paul J. Keenan Jr., Esq., serves as bankruptcy counsel; and Epiq Corporate Restructuring, LLC, as claims and noticing agent. The U.S. Trustee for Region 21 on Sept. 7, 2018, appointed an official committee of unsecured creditors. The Committee tapped Stichter, Riedel, Blain & Postler, P.A. as its legal counsel; and Conway MacKenzie, Inc. as financial advisor, along with Dundon Advisers, LLC, as co-financial advisor. 10 HOMESTEAD AVENUE: Taps Century 21 Professionals as Broker ------------------------------------------------------------ 10 Homestead Avenue, LLC, received approval from the U.S. Bankruptcy Court for the District of Massachusetts to hire Century 21 Professionals as its real estate broker. The firm will assist the Debtor in the sale of its condominium units located at 10 Homestead Avenue, Quincy, Massachusetts. Century 21 will get a commission of 5% of the gross sale price of the properties. The firm neither holds nor represents any interest adverse to the Debtor and its bankruptcy estate, according to court filings. The firm can be reached through: Kimberly Allard Century 21 Professionals 72 Hancock Street Braintree, MA 02184 Phone: 781.844.8870 Email: kimberly.allard@century21homes.com About 10 Homestead Avenue 10 Homestead Avenue's principal assets are located at 10 Homestead Avenue Quincy, MA 02169. Landing at Braintree's principal assets are located at Units 125-139B, Commercial Street Braintree, Massachusetts. 10 Homestead Avenue, LLC, and its affiliate Landing at Braintree, LLC, filed voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case no. 18-14158 and Bankr. D. Mass. Case No. 18-14159, respectively) on Nov. 6, 2018. In the petitions signed by William T. Barry, manager, the Debtors estimated $1 million to $10 million in assets and liabilities. Judge Frank J. Bailey presides over Case No. 18-14158 while the Hon. Christopher J. Panos presides over Case No. 18-14159. The Ann Brennan Law Offices serves as the Debtors' counsel. The Law Office of Lipman & White is the special counsel. 121 SOURCING & SUPPLY: Taps Steven L. Yarmy as Attorney ------------------------------------------------------- 121 Sourcing & Supply LLC seeks authority from the U.S. Bankruptcy Court for the District of Nevada (Las Vegas) to hire Steven L. Yarmy, Esq, as attorney. 121 Sourcing requires Mr. Yarmy to: (a) examine the preparation of records and reports as required by the Bankruptcy Code, Federal Rules of Bankruptcy Procedure and Local Bankruptcy Rules; (b) prepare applications and proposed orders to be submitted to the Court; (c) identify and prosecute claims of action assertable by the Debtor on behalf of the estate; (d) examine proofs of claim anticipated to be filed and the possible prosecution of objections to certain of such claims; (e) advise the Debtors and preparing documents in connection with the contemplated ongoing operation of the Debtors business, if any; (f) assist and advise the Debtors in performing other official functions as set forth in Section 521, et seq., of the Bankruptcy Code; and (g) advise and prepare a Plan of Reorganization, Disclosure Statement, and related documents, and confirmation of said Plan, as provided in Section 1101, et seq., of the Bankruptcy Code. The firm's hourly rates are: Steven L. Yarmy, Esq. $450 Paraprofessional services $225 Mr. Yarmy disclosed in the Court filing that he and his firm are disinterested parties under the Bankruptcy Code. The attorney can be reached at: Steven L. Yarmy, Esq. 7464 W Sahara Ave, STE 8 Las Vegas, NV 89117 Phone: (702) 586-3513 Fax: (702) 586-3690 E-mail: sly@stevenyarmylaw.com admin@yarmylaw.com About 121 Sourcing & Supply Based in Las Vegas, Nevada, 121 Sourcing & Supply LLC filed a voluntary petition under Chapter 11 of Title 11, United States Code (Bankr. D. Nev. Case No. 18-17558) on Dec. 27, 2018, estimating under $1 million in both assets and liabilities. Steven L. Yarmy is the Debtor's counsel. 3B GLOBAL: Case Summary & 16 Unsecured Creditors ------------------------------------------------ Debtor: 3B Global, LLC dba Oral Stericlean dba Suncoast Liquidators 12020 Race Track Road Tampa, FL 33626 Business Description: Suncoast Liquidators -- https://www.suncoastliquidators.com -- specializes in closeouts, liquidation, overstock, & surplus inventory from major department stores and manufacturers in the USA. Unlike some liquidation companies, the Company inspects all inventory, pack & deliver only top quality goods. Suncoast Liquidators is located in Tampa, Florida serving the local businesses and businesses across the country. Chapter 11 Petition Date: January 8, 2019 Court: United States Bankruptcy Court Middle District of Florida (Tampa) Case No.: 19-00127 Judge: Hon. Caryl E. Delano Debtor's Counsel: Buddy D. Ford, Esq. BUDDY D. FORD, P.A. 9301 West Hillsborough Avenue Tampa, FL 33615-3008 Tel: 813-877-4669 Fax: 813-877-5543 Email: Buddy@TampaEsq.com All@tampaesq.com Total Assets: $81,872 Total Liabilities: $1,296,983 The petition was signed by Teresa Birney, managing member. A full-text copy of the petition containing, among other items, a list of the Debtor's 16 unsecured creditors is available for free at: http://bankrupt.com/misc/flmb19-00127.pdf 461 NEW LOTS AVENUE: Taps Todd Cushner & Associates as Attorney --------------------------------------------------------------- 461 New Lots Avenue LLC seeks authority from the United States Bankruptcy Court for the Eastern District of New York (Brooklyn) to employ the Law Office of Todd Cushner & Associates, P.C. as attorneys. The professional services that Todd Cushner will render are: a. advise the Debtor concerning the conduct of the administration of this bankruptcy case; b. prepare all necessary applications and motions as required under the Bankruptcy Code, Federal Rules of Bankruptcy Procedure, and Local Bankruptcy Rules; c. prepare a disclosure statement and plan of reorganization; and d. perform all other legal services that are necessary to the administration of the case. Cushner & Associates, P.C. has received $21,717.00 in connection with the commencement of this Chapter 11 bankruptcy with $20,000.00 being applied to attorneys' fees and $1,717.00 being disbursed for the chapter 11 filing fee. Hourly rates to be charged by the Firm are: Todd S. Cushner, Esq. Owner/Senior Attorney $500 Associate attorneys $400 Paralegals $200 Todd S. Cushner, owner of the Law Office of Todd Cushner & Associates, attests that his firm is a disinterested person within the meaning of Section 101(14) of the Bankruptcy Code, and holds no interest nor represents any adverse interest to the Debtor, the debtors estate, its creditors or any other party or interest or their respective attorneys and accountants with respect to matters for which it is to be engaged. The counsel can be reached at: Todd S. Cushner, Esq. CUSHNER & ASSOCIATES, P.C. 399 Knollwood Road, Suite 205 White Plains, NY 10603 Tel: 914-600-5502 Fax: 914-600-5544 E-mail: todd@cushnerlegal.com About 461 New Lots Avenue 461 New Lots Avenue LLC is a lessor of real estate based in Brooklyn, New York. The Company owns a mixed-use commercial/residential building located at 626 Wyona Street a/k/a 461 New Lots Avenue, Brooklyn, NY 11207 having an appraised value of $1.27 million. 461 New Lots Avenue filed a Chapter 11 petition (Banrk. E.D.N.Y. Case No. 18-47371) on December 27, 2018. In the petition signed by Desmond R. John, Sr., managing member, the Debtor disclosed $1,382,870 in assets and $1,126,063 in liabilities. The case is assigned to Judge Nancy Hershey Lord. Todd S. Cushner, Esq., at Cushner & Associates, P.C., is the Debtor's counsel. 7215 N OAKLEY: Exclusive Plan Filing Period Extended to Feb. 20 --------------------------------------------------------------- The Hon. Deborah L. Thorne of the U.S. Bankruptcy Court for the Northern District of Illinois, at the behest of debtor 7215 N Oakley, LLC, has extended the Debtor's exclusive period within which to file a chapter 11 plan is extended to and including Feb. 20, 2019, and the Debtor's exclusive period to solicit acceptances of a chapter 11 plan to and including April 20, 2019. About 7215 N Oakley 7215 N Oakley LLC is an Illinois limited liability corporation with its principal offices located at 30 Coventry Road, Northfield, Illinois 60093. 7215 N Oakley listed its business as Single Asset Real Estate (as defined in 11 U.S.C. Section 101(51B)). 7215 N Oakley filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 18-07309) on March 14, 2018. In the petition signed by Nick Stein, manager, the Debtor estimated both assets and liabilities of at least $10 million. The case is assigned to Judge Deborah L. Thorne. Robert W Glantz, Esq., at Shaw Fishman Glantz & Towbin LLC, is the Debtor's counsel. AA PRODUCTIONS: Jan. 30 Plan Confirmation Hearing ------------------------------------------------- The disclosure statement explaining AA Productions, LLC's Chapter 11 Plan, dated December 19, 2018, is conditionally approved. January 30, 2019 at 10:00 a.m., is fixed for the hearing on final approval of the disclosure statement and for the hearing on confirmation of the plan. The hearing, if any, will be held in Court Room 4, Fourth Floor, United States Court House, 300 Fannin Street, Shreveport, LA 71101. January 22, 2019 is fixed as the last day for filing written acceptances or rejections of the plan. Class 8 - Non-priority unsecured creditors are impaired with estimated total paid of $124,702.05. Commencing on the 5th Day of the first month following the Plan's Effective Date, the Debtor will pay and distribute the Debtor's Pro-rata Class 8 Plan Payments in the monthly amount of $1,039.19. Each holder of an allowed Class 6 claim will receive its Monthly Pro-Rata Distribution over a projected 120 month term or until allowed Class 8 non-priority unsecured claims are paid in full. Class 1 -- Secured claim of Citizens National Bank, NA, are impaired with estimated total paid of $28,885.96. Citizens is the holder of a secured claim in the allowed amount of $25,511.46, to be paid with interest on the claim's unpaid principal balance at the rate of 5% per annum from and after the Plan's Effective Date, until paid; payable in 60 consecutive monthly installments of $481.43 each, commencing on the 5th Day of the first month following the Plan's Effective Date, continuing monthly thereafter with one final installment, the 60th monthly payment due under the plan. Class 2 -- Secured claim of Red River Bank are impaired with estimated total paid of $116,085.30. Red River is the holder of a secured claim in the allowed amount of $100,112.17, to be paid with interest on the claim's unpaid principal balance at the rate of 5% per annum from and after the Plan's Effective Date, until paid; payable in 60 consecutive monthly installments of $1612.30 each, commencing on the 5th Day of the first month following the Plan's Effective Date, continuing monthly thereafter with one final installment, the 60th monthly payment due under the plan. Class 3 -- Secured claim of BOM Bank f/k/a Bank of Montgomery are impaired with Estimated Total Paid $232,329.39. BOM Bank f/k/a Bank of Montgomery [Claim #12] is the holder of a secured claim in the allowed amount of $195,687.27, to be paid with interest on the claim's unpaid principal balance at the rate of 5% per annum from and after the Plan's Effective Date, until paid; payable in 84 consecutive monthly installments of $2,765.83 each, commencing on the 5th Day of the first month following the Plan's Effective Date, continuing monthly thereafter with one final installment, the 84th monthly payment due under the plan. Class 4 -- Secured claim of Ally Bank are impaired with estimated total paid of $20,575.35. Ally Bank [Claim #2] is the holder of a secured claim in the allowed amount of $17,000, to be paid with interest on the claim's unpaid principal balance at the rate of 6.5% per annum from and after the Plan's Effective Date, until paid; payable in 72 consecutive monthly installments of $285.77 each, commencing on the 5th Day of the first month following the Plan's Effective Date, continuing monthly thereafter with one final installment, the 72nd monthly payment due under the plan. Class 5 -- Secured claim of Ally Bank are impaired with estimated total paid of $32,836.39. Ally Bank is the holder of a secured claim in the allowed amount of $26,750, to be paid with interest on the claim's unpaid principal balance at the rate of 7% per annum from December 15, 2018 pursuant to the previously entered AP Order [ECF #77]. The AP payment schedule will continue through the Plan's Effective Date and thereafter until paid; payable in 72 consecutive monthly installments of $456.06 each, commencing on the 15th Day of December, 2018, continuing monthly thereafter on the 15th day of each month with one final installment, the 72nd monthly payment due under the AP payment schedule and plan Class 6 -- Secured claim of ISUZU / Tokyo Century USA, Inc. are impaired with estimated total paid $24,999.39. ISUZU / Tokyo Century USA, Inc. [Schedule and AP Order ECF #61] is the holder of a secured claim in the allowed amount of $20,700, to be paid with interest on the claim's unpaid principal balance at the rate of 7% per annum from October 15, 2018 pursuant to the previously entered AP Order [ECF #61]. The AP payment schedule will continue through the Plan's Effective Date and thereafter until paid; payable in 66 consecutive monthly installments of $378.78 each, commencing on the 15th Day of October, 2018, continuing monthly thereafter with one final installment, the 66thth monthly payment due under the AP payment schedule and plan, Class 7 -- Secured claim of Citizens National Bank, NA are impaired with estimated total paid of $10,456.45. Citizens National Bank, NA [Claim #10] is the holder of a secured claim in the allowed amount of $9,234.91, to be paid with interest on the claim's unpaid principal balance at the rate of 5% per annum from and after the Plan's Effective Date, until paid; payable in 60 consecutive monthly installments of $174.27 each, commencing on the 5th Day of the first month following the Plan's Effective Date, continuing monthly thereafter with one final installment, the 60th monthly payment due under the plan. Payments and distributions under the Plan will be funded by the following: 1. The operations of the Debtor; 2. Any necessary cash infusion that would be made by Terri Mathews; 3. Projected reasonable annual growth in revenue; and 4. Debt re-structuring of all classes of creditor that allows monthly cash flow to service debt and to fund growth strategies. A full-text copy of the Disclosure Statement dated December 19, 2018, is available at: http://bankrupt.com/misc/lawb18-18-11001-81.pdf About AA Productions AA Productions, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. Case No. 18-11001) on June 29, 2018. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of less than $50,000. Judge Jeffrey P. Norman presides over the case. The Debtor tapped Ayers, Shelton, Williams, Benson & Paine, LLC as its legal counsel. ABE'S BOAT: Seeks to Hire Lee Felterman as Broker ------------------------------------------------- Abe's Boat Rentals, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to hire Lee Felterman & Associates as its broker. The firm will assist the Debtor in the sale of six vessels. The listing prices of the vessels range from $125,000 to $250,000. Felterman will get a commission of 5% of the gross selling price for each vessel sold. Lee Felterman, a broker employed with Felterman, disclosed in a court filing that the firm is "disinterested" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Lee Felterman Lee Felterman & Associates 115 Landry St. P.O. Box 1186 Patterson, LA 70392 Phone: 985-399-7222 Fax: 985-395-3525 Email: office@leefelterman.com About Abe's Boat Rentals Abe's Boat Rentals, Inc. -- https://www.abesboatrental.com/ -- is a privately-owned vessel operator located in Belle Chasse, Louisiana, with a fleet of 19 vessels. The Company's business segments have expanded to also provide crews and vessels for environmental construction, restoration projects and cleanup, plugging and abandonment, rig decommissioning and other new markets. Abe's Boat Rentals was founded in 1979 by Abraham Ton. Abe's Boat Rentals, Inc., filed a Chapter 11 petition (Bankr. E.D. La. Case No. 18-11102) on April 27, 2018. In the petition signed by Hank Ton, president, the Debtor estimated $1 million to $10 million in assets and liabilities. Congeni Law Firm, LLC is the Debtor's counsel. ALVIN SMOKED: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------ No official committee of unsecured creditors has been appointed in the Chapter 11 case of Alvin Smoked Meats & Eats, LLC as of Jan. 8, according to a court docket. About Alvin Smoked Meats & Eats Alvin Smoked Meats & Eats, LLC, filed a Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No. 18-36657) on November 30, 2018, disclosing less than $1 million in both assets and liabilities. Michael Hardwick Law, PLLC, led by principal Michael Hardwick, Esq., serves as the Debtor's counsel. AMYRIS INC: Registers 19.5 Million Shares for Potential Resale -------------------------------------------------------------- Amyris, Inc. has filed a Form S-3 registration statement with the Securities and Exchange Commission relating to the registration for potential offer and sale from time to time of up to 19,534,628 shares of its common stock, par value $0.0001 per share by CVI Investments, Inc. and B. Riley FBR, Inc. The shares of common stock registered consist of shares issuable to the selling stockholders upon the conversion or repayment (including interest thereon) of senior convertible notes issued pursuant to that certain Securities Purchase Agreement, dated Dec. 6, 2018, by and among the Company and the investors. The selling stockholders may sell the Shares directly to purchasers or through underwriters, broker-dealers or agents, who may receive compensation in the form of discounts, concessions or commissions. The selling stockholders may sell the Shares at any time at market prices prevailing at the time of sale or at privately negotiated prices. The Company is not selling any securities under this prospectus and will not receive any of the proceeds from the sale of the Shares by the selling stockholders. The Company will pay the expenses incurred in registering the Shares, including legal and accounting fees. Amyris' common stock is traded on the NASDAQ Global Select Market under the symbol "AMRS." On Jan. 7, 2019, the closing price of the Company's common stock was $4.05. A full-text copy of the prospectus is available for free at: https://is.gd/pMvtXf About Amyris, Inc. Amyris, Inc., Emeryville, California, is an industrial biotechnology company that applies its technology platform to engineer, manufacture and sell natural, sustainably sourced products into the health & wellness, clean skincare, and flavors & fragrances markets. The Company's proven technology platform enables the Company to rapidly engineer microbes and use them as catalysts to metabolize renewable, plant-sourced sugars into large volume, high-value ingredients. The Company's biotechnology platform and industrial fermentation process replace existing complex and expensive manufacturing processes. The Company has successfully used its technology to develop and produce five distinct molecules at commercial volumes. The report from the Company's independent accounting firm KPMG LLP, the Company's auditor since 2017, 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 has current debt service requirements that raise substantial doubt about its ability to continue as a going concern. Amyris incurred net losses of $72.32 million in 2017, $97.33 million in 2016, and $217.95 million in 2016. As of Sept. 30, 2018, Amyris had $122.7 million in total assets, $323.3 million in total liabilities, $5 million in contingently redeemable common stock, and a total stockholders' deficit of $205.6 million. ARTISTICO CONSTRUCTION: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------------------- No official committee of unsecured creditors has been appointed in the Chapter 11 case of Artistico Construction, Inc. as of Jan. 7, according to a court docket. About Artistico Construction Artistico Construction Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-24869) on Nov. 29, 2018. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of less than $500,000. The case has been assigned to Judge Raymond B. Ray. Van Horn Law Group, P.A., is the Debtor's counsel. ATD CAPITOL: Seeks Feb. 1 Exclusive Plan Filing Period Extension ---------------------------------------------------------------- ATD Capitol, LLC, requests the U.S. Bankruptcy Court for the Southern District of Florida extend (a) the Exclusive Filing Period to through and including Feb. 1, 2019, (b) the Exclusive Solicitation Period to through and including April 1, 2019, and (c) the Procedures Order Deadline to through and including Feb. 1, 2019. The Debtor submits that since the Petition Date, it has devoted a significant amount of time to complying with the requirements of operating as a debtor-in-possession during a Chapter 11 case, which includes making required post-petition payments, and effectively managing its operations and finances. Thus, the Debtor believes that there are reasonable prospects for filing a viable plan. The Debtor is a wholly owned subsidiary of Capitol Supply, Inc., who is also a debtor in a bankruptcy case pending before the Court at In re Capitol Supply, Inc., case no: 17-21544-EPK. The Debtor anticipates that it and Capitol Supply will submit a joint plan of reorganization. The Debtor relates that Capitol Supply obtained an order from the Court enforcing the stay against an action by the United States of America, one of its largest unsecured creditors, and Louis Scutellaro pending before the District Court for the District of Columbia. Capitol Supply has been engaged in settlement discussions regarding the DC Case, consensual plan terms and other related issues with the United States and its primary secured creditor. While Capitol Supply and the United States have finalized and executed a settlement agreement, and Capitol Supply has filed a motion seeking approval of such agreement, the Debtor contends that Capitol Supply requires additional time to obtain approval of such agreement, and thus, the Debtor and Capitol Supply require additional time to finalize their plan of reorganization and disclosure statement. The Debtor anticipates that counsel for the United States may seek to continue the hearing scheduled for approval of the settlement agreement because, at the end of the day on Dec. 21, 2018, funding for the Department of Justice expired and appropriations to the Department lapsed and it is not clear when funding will be restored by Congress. About ATD Capitol ATD Capitol, LLC, was incorporated on Aug. 12 2015, and is in the office and public building furniture business. ATD is an affiliate of Capitol Supply, Inc., which sought bankruptcy protection (Bankr. S.D. Fla. Case No. 17-21544) on Sept. 20, 2017. ATD Capitol, LLC, based in Boca Raton, FL, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-22257) on Oct. 9, 2017. In the petition signed by Robert J. Steinman, president, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The Hon. Paul G. Hyman, Jr. presides over the case. Bradley Shraiberg, Esq., at Shraiberg Landau & Page, P.A., serves as bankruptcy counsel to the Debtor. An official committee of unsecured creditors has not yet been appointed in the Chapter 11 case. ATIF INC: Creditor Trustee Taps Morgan & Morgan as Special Counsel ------------------------------------------------------------------ Daniel Stermer, the Creditor Trustee for ATIF, Inc., seeks authority from the United States Bankruptcy Court for the Middle District of Florida, Fort Myers Division, to retain Damien H. Prosser, Esq. and the law firm of Morgan & Morgan, P.A. as its special litigation counsel. The Creditor Trustee has concluded that the retention of special counsel is necessary and appropriate to investigate potential malpractice, fraudulent transfer, and other claims the estate may have against certain defendants regarding, among other things, professional malpractice and breach of fiduciary duties. Section 2.3.3, Malpractice Litigation of the Disclosure Statement identifies the estate's potential malpractice claims against certain defendants. Compensation for the Morgan Firm are: -- The Morgan Firm will receive 30% of the Gross Value of any Recovery, if the Malpractice Claims settle prior to the filing of a complaint. -- If settlement of the Malpractice Claims occurs after the filing of a complaint, the Morgan Firm will receive 35% of Gross Value of any Recovery. -- After the commencement of trial, the Morgan Firm will receive 40% of the Gross Value of any Recovery. Damien H. Prosser, Morgan & Morgan, P.A., attests that the Morgan Firm is a disinterested person and does not hold or represent any interest averse to the estate. The Morgan firm can be reached through: Damien H. Prosser, Esq. Morgan & Morgan, P.A. 20 North Orange Avenue, Suite 1600 Orlando, FL 32801 Phone: (407)-236-5974 Email: dposser@forthepeople.com About ATIF Inc. ATIF, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-01712) on March 2, 2017. In the petition signed by Gerard A. McHale, its chief executive officer, the Debtor estimated assets of less than $500,000 and liabilities of $10 million to $50 million. Michael C. Markham, Esq., at Johnson, Pope, Bokor, Ruppel & Burns LLP serves as the Debtor's legal counsel. The Debtor hired Buell & Elligett, P.A., as its special counsel. On April 13, 2017, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. The committee retained Messana, P.A., as its bankruptcy counsel; and Becker & Poliakoff, P.A., as its special counsel. On July 5, 2018, the Bankruptcy Court entered an order confirming the Second Amended Chapter 11 Plan and explanatory Disclosure Statement filed by the Creditors' Committee for ATIF, Inc. The Plan establishes the ATIF Inc. Creditor Trust and appointed Daniel Stermer as the Creditor Trustee. Mr. Stermer has hired Buchanan Ingersoll & Rooney PC as special counsel. AVERY'S USED CARS: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------------- No official committee of unsecured creditors has been appointed in the Chapter 11 case of Avery's Used Cars & Trucks, Inc. as of Jan. 7, according to a court docket. About Avery's Used Cars & Trucks Inc. Avery's Used Cars & Trucks, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-10428) on December 4, 2018. At the time of the filing, the Debtor had estimated assets of less than $1 million and liabilities of less than $500,000. The case has been assigned to Judge Michael G. Williamson. The Debtor is represented by Pierce J. Guard, Jr., Esq., at The Guard Law Group, PLLC. AYTU BIOSCIENCE: Armistice Capital Has 4.9% Stake as of Dec. 31 --------------------------------------------------------------- Armistice Capital, LLC, Armistice Capital Master Fund Ltd., and Steven Boyd reported in a Schedule 13G/A filed with the Securities and Exchange Commission that as of Dec. 31, 2018, they beneficially own 448,217 shares of common stock of Aytu Bioscience, Inc., which represents 4.99 percent of the shares outstanding. A full-text copy of the regulatory filing is available at no charge at: https://is.gd/JkDCMB About Aytu BioScience Englewood, Colorado-based Aytu BioScience, Inc. (OTCMKTS:AYTU) -- http://www.aytubio.com/-- is a commercial-stage specialty pharmaceutical company focused on global commercialization of novel products addressing significant medical needs. The company currently markets Natesto, the only FDA-approved nasal formulation of testosterone for men with hypogonadism, ZolpiMist, an FDA-approved, commercial-stage prescription sleep aid indicated for the short-term treatment of insomnia characterized by difficulties with sleep initiation, and recently acquired Tuzistra XR, the only FDA-approved 12-hour codeine-based antitussive oral suspension. Additionally, Aytu is developing MiOXSYS, a novel, rapid semen analysis system with the potential to become a standard of care for the diagnosis and management of male infertility caused by oxidative stress. MiOXSYS is commercialized outside of the U.S. where it is a CE Marked, Health Canada cleared, Australian TGA approved, Mexican COFEPRAS approved product, and Aytu is planning U.S.-based clinical trials in pursuit of 510k de novo medical device clearance by the FDA. Aytu's strategy is to continue building its portfolio of revenue-generating products, leveraging its focused commercial team and expertise to build leading brands within large, growing markets. Aytu Bioscience reported a net loss of $10.18 million for the year ended June 30, 2018, compared to a net loss of $22.50 million for the year ended June 30, 2017. As of Sept. 30, 2018, the Company had $17.98 million in total assets, $7.85 million in total liabilities and $10.13 million in total stockholders' equity. EKS&H LLLP, in Denver, Colorado, the Company's auditor since 2015, issued a "going concern" qualification in its report on the consolidated financial statements for the year ended June 30, 2018, citing 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. AZURE LA PALMA: Involuntary Chapter 11 Case Summary --------------------------------------------------- Alleged Debtor: Azure La Palma Royale Partners LLC 525 W. La Palma Ave Anaheim, CA 92801 Business Description: Azure La Palma Royale Partners LLC is a Single Asset Real Estate Debtor (as defined in 11 U.S.C. Section 101(51B)). Azure La Palma filed as a Domestic in the State of California on June 14, 2016. Involuntary Chapter 11 Petition Date: January 8, 2019 Court: United States Bankruptcy Court Central District of California (Santa Ana) Case No.: 19-10075 Judge: Hon. Catherine E. Bauer Petitioners' Counsel: Rachel Gezerseh, Esq. LING LY LLP 601 S. Figueroa St Ste 1950 Los Angeles, CA 90017 Tel: 213-262-8000 Email: rgezerseh@lianglyllp.com List of Petitioning Creditors: Petitioners Nature of Claim Claim Amount ----------- --------------- ------------ Jing Liu Constructive Trust $500,000 2817 Majestic St West Covina, CA 91791 Lingtao Meng Constructive Trust $500,000 c/o 355 S Lemon Ave Ste F Walnut, CA 91789 Xianzhang Xiao Constructive Trust $500,000 17870 Castleton St Ste 100 City of Industry, CA 91748 A full-text copy of the Involuntary Petition is available at no charge at http://bankrupt.com/misc/cacb19-10075.pdf BEAVER'S DAIRY: Hires Burgett & Robbins as Special Co-Counsel ------------------------------------------------------------- Beaver Dairy Farm LLC, Dale F. Beaver, and Beaver's Trucking Co., LLC, as debtors and debtors in possession, seek authority from the U.S. Bankruptcy Court of the Western District of New York to hire Burgett & Robbins, LLP as special co-counsel to the Debtors. B & R will advise the Debtors or their estates with respect to general business matters associated with counsel regarding Debtors' non bankruptcy legal needs during the course of these Chapter 11 cases as well as any matters with respect to which bankruptcy counsel, Hodgson Russ LLP, has a conflict of interest. B & R's current customary hourly rates are: Lawyers $165.00 to $275.00 Paraprofessionals $90.00 to $150.00 Dale C. Robbins, partner of the law firm of Burgett & Robbins, LLP, assures the Court that B & R does not represent or hold any interest adverse to the Debtors or their estates with respect to the matters on which B & R is to be employed. The counsel can be reached through: Dale C. Robbins, Esq. Burgett & Robbins, LLP 15 E. Fifth Street Jamestown, NY 14701 Phone: Phone: +1 716-488-3090 About Beaver Dairy Farm Beaver Dairy Farm LLC is a privately held company in Randolph, New York, in the dairy farms business. Beaver's Trucking Co. is operates in the specialized freight trucking industry. Beaver Dairy Farm and Beaver's Trucking Co. filed Chapter 11 petitions (Bankr. W.D.N.Y. Case Nos. 18-12409 and 18-12411, respectively) on Nov. 16, 2018. In the petitions signed by Dale F. Beaver, owner, Beaver Dairy estimated $1 million to $10 million in assets and and the same range of liabilities; and Beaver's Trucking estimated $100,000 to $500,000 in assets and $50,000 to $100,000 in liabilities. The case is assigned to Judge Carl L. Bucki. The Debtors are represented by Garry M. Graber, Esq. at Hodgson Russ LLP. BEAVER'S DAIRY: Hires Hodgson Russ as Counsel --------------------------------------------- Beaver Dairy Farm LLC, Dale F. Beaver, and Beaver's Trucking Co., LLC, as debtors and debtors in possession, seek authority from the U.S. Bankruptcy Court of the Western District of New York to hire Hodgson Russ LLP as counsel. Hodgson will serve as the Debtor's general bankruptcy counsel and will advise the Debtor or its estate with respect to its duties under the Bankruptcy Code. Hodgson's current customary rates are: Lawyers $235 to $725 Paraprofessionals $135 to $325 Gary M. Graber, Esq. $460 Hodgson Russ will also be reimbursed for reasonable out-of-pocket expenses incurred. Gary M. Graber, Esq. a partner in the law firm Hodgson Russ, assured the Court that the firm is a "disinterested person" as the term is defined in Sec. 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Hodgson Russ can be reached at: Gary M. Graber, Esq. HODGSON RUSS LLP The Guaranty Building 140 Pearl Street, Suite 100 Buffalo, NY 14202 Tel: 716-848-1273 E-mail: ggraber@hodgsonruss.com About Beaver Dairy Farm Beaver Dairy Farm LLC is a privately held company in Randolph, New York, in the dairy farms business. Beaver's Trucking Co. is operates in the specialized freight trucking industry. Beaver Dairy Farm and Beaver's Trucking Co. filed Chapter 11 petitions (Bankr. W.D.N.Y. Case Nos. 18-12409 and 18-12411, respectively) on Nov. 16, 2018. In the petitions signed by Dale F. Beaver, owner, Beaver Dairy estimated $1 million to $10 million in assets and and the same range of liabilities; and Beaver's Trucking estimated $100,000 to $500,000 in assets and $50,000 to $100,000 in liabilities. The case is assigned to Judge Carl L. Bucki. The Debtors are represented by Garry M. Graber, Esq. at Hodgson Russ LLP. BEAVER'S DAIRY: Hires Saldi Advisory Services as Financial Advisor ------------------------------------------------------------------ Beaver Dairy Farm LLC, Dale F. Beaver, and Beaver's Trucking Co., LLC, as debtors and debtors in possession, seek authority from the U.S. Bankruptcy Court of the Western District of New York to hire Saldi Advisory Services as financial advisor. The Debtor requires Saldi to: a. develop and implement cash management processes and strategies including coordination with DIP vendors; b. prepare financial information budgets and projections for the Court, creditors, and other parties-in-interest but not limited to required filings and requested information; c. assist the Debtor's professional and other parties of interest in the preparation of any documents to be filed with the Court or executed in connection with these Chapter 11 Cases; d. provide on-going support for the financial department; e. provide communication to parties-in-interest on an as needed basis; f. identify and help implement short-tern liquidity generating initiatives; g. testify at hearings in connection with the Chapter 11 Cases as required; h. develop and provide supporting analyses, as needed, to revise business plans reacting to changes in circumstances in the market, competition, and product supply; i. prepare information and analyses necessary for confirmation of a plan and disclosure statement; j. provide support for operational efficiency in marketing and sales, order fulfillment, supply chain procurement, logistics, and inventory control; and k. provide general business advice and consulting to management and Debtor's professionals as requested. John J. Bellardini, principal of Saldi Advisory Services, attests that neither he nor Saldi holds any adverse interest nor provides services for any entity having an adverse interest to the Debtors and is a disinterested person as defined in Sec. 101(14) of the Bankruptcy Code. The firm can be reached through: John J. Bellardini Saldi Advisory Services, LLC 103 Will-O-Wind Drive Jamesville, NY 13078 About Beaver Dairy Farm Beaver Dairy Farm LLC is a privately held company in Randolph, New York, in the dairy farms business. Beaver's Trucking Co. is operates in the specialized freight trucking industry. Beaver Dairy Farm, LLC and Beaver's Trucking Co., LLC, filed Chapter 11 petitions (Bankr. W.D.N.Y. Case Nos. 18-12409 and 18-12411, respectively) on Nov. 16, 2018. In the petitions signed by Dale F. Beaver, owner, Beaver Dairy estimated $1 million to $10 million in assets and and the same range of liabilities; and Beaver's Trucking estimated $100,000 to $500,000 in assets and $50,000 to $100,000 in liabilities. The case is assigned to Judge Carl L. Bucki. The Debtors are represented by Garry M. Graber, Esq. at Hodgson Russ LLP. BEDFORD PROPERTIES: Unsecured Creditors to Get 15% Under Plan ------------------------------------------------------------- Bedford Properties BEH Y, LLC, 1080-1088 Broad St BEH Y, LLC and Green Fairmount Williams BEH Y, LLC, filed a Chapter 11 Plan and accompanying Disclosure Statement. Class 4 - Unsecured Claims. Amount of claim is $2,044,203.76. This figure includes both general unsecured proofs of claim, and the unsecured portion of the debts filed by GREF and William Cardona. To the extent there are unsecured claims against the Debtors, Class 4 (General Unsecured Claims) will be paid fifteen (15%) percent of the amount of the Claim Holder's Allowed Unsecured Claim, without interest, in a singular payment in month sixty (60) following the Effective Date of the Plan. Class 1 - Allowed Secured Claim of Bayview are impaired. Amount of claim is $2,517,661.59. The claims of Class 1 (related to allowed secured claim of Bayview and GREF) will be paid as follows: Bayview will retain the full value of its liens on the Properties ($2,517,611.59). Bayview's debt will be amortized over 40 years with an interest rate of 6% per annum, payable at the earlier of a sale, refinance or seventeen (17) years from the Effective Date. The Debtors will pay Bayview the sum of $13,852.00 per month on its secured claim. Class 2 - Allowed Secured Claim of GREF are impaired. Amount of claim is $350,000.000 as agreed to by GREF and the Debtors, and subject to the Bankruptcy Court's approval. The claim of Class 2 (related to allowed secured claim of GREF) will be paid as follows: GREF will retain the value of $350,000.00 of its liens on the Properties. GREF's secured debt will be amortized over 40 years with an interest rate of 4.25% per annum, payable at the earlier of a sale, refinance or seventeen (17) years from the Effective Date. The Debtors will pay GREF the sum of $1,518.00 per month on its secured claim. Class 3 - Allowed Priority Claim of William Cardona. Amount of Claim is $2,850.00. The remaining balance of William Cardona's claim will be treated under Class 4. The claim of Class 3 (related to allowed priority claim of William Cardona) will be paid as follows: Class 3 will be paid the full value of its priority claim in equal payments of $118.75 for 24 months following the Effective Date. Class 5 - Membership Interests are impaired. The amount of Claim is to be determined/unknown. Each Member holding an Allowed Membership Interest will receive and retain in full all of the current Membership Interests in the same percentages currently held by such Member. The Debtors will use future revenue, borrowings and/or equity contributions to satisfy its obligations under the Plan. The Debtor will actively pursue options to refinance its debts within 60 months following the Effective Date. A full-text copy of the Disclosure Statement dated December 19, 2018, is available at: http://bankrupt.com/misc/ctb18-1821009-127.pdf About Bedford Properties Bedford Properties is the fee simple owner of five six-unit residential apartment buildings in Hartford, Connecticut having a total aggregate value of $1.05 million. Bedford Properties BEH Y, LLC, filed a Chapter 11 petition (Bankr. D. Conn. Case No. 18-21009) on June 19, 2018. In the petition signed by Yakov Stiel, member, the Debtor disclosed $1.07 million in total assets and $4.61 million in total debt. The Debtor is represented by Gary J. Greene, Esq. of Greene Law, PC. BIOSTAR PHARMACEUTICALS: Common Stock Delisted from Nasdaq ---------------------------------------------------------- The Nasdaq Stock Market LLC has filed a Form 25 with the Securities and Exchange Commission notifying the removal from listing or registration of Biostar Pharmaceuticals, Inc.'s common stock from the Exchange. About Biostar Pharmaceuticals Based in Xianyang, China, Biostar Pharmaceuticals, Inc., through its wholly owned subsidiary and controlled affiliate in China -- http://www.biostarpharmaceuticals.com/-- develops, manufactures, and markets pharmaceutical and health supplement products for a variety of diseases and conditions. Biostar incurred a net loss of $5.69 million in 2016 and a net loss of $25.11 million in 2015. As of Sept. 30, 2017, the Company had $41.42 million in total assets, $5.27 million in total current liabilities, and $36.14 million in total stockholders' equity. Mazars CPA Limited, Certified Public Accountants, in Hong Kong, issued a "going concern" qualification in its report on the consolidated financial statements for the year ended Dec. 31, 2016, stating that the Company had experienced a substantial decrease in sales volume which resulted a net loss for the year ended Dec. 31, 2016. Also, part of the Company's buildings and land use rights are subject to litigation between an independent third party and the Company's chief executive officer, and the title of these buildings and land use rights has been seized by the PRC Courts so that the Company cannot be sold without the Court's permission. In addition, the Company already violated its financial covenants included in its short-term bank loans. These conditions raise substantial doubt about the Company's ability to continue as a going concern. BJRP LLC: $750K Sale of Substantially All Assets to Tower Approved ------------------------------------------------------------------ Judge Arthur I. Harris of the U.S. Bankruptcy Court for the Northern District of Ohio authorized BJRP, LLC to enter into the Asset Purchase Agreement dated Nov. 16, 2018 with Tower, together with all related documents, agreements, exhibits, schedules, and addenda thereto, with Tower IV, LLC or its designee in connection with the private sale of substantially all assets for (i) $$750,000, (i) the Cash on Hand Amount; (iii) the Cash Bid Amount; and (iv) payment of Cure Costs for the Assumed Real Property Leases. The sale is free and clear of all Interests. All Interests, to the extent not paid in full at Closing, will attach to the proceeds of the sale of the Assets. Pursuant to Section 365(f) of the Bankruptcy Code, and notwithstanding any provision of any contract governing the Assets or any assumed Agreement to be assumed and assigned to Purchaser or applicable non-bankruptcy law that prohibits, restricts, or conditions the assignment of the Assets or the Assumed Agreements, the Debtor is authorized to (i) assign, sell and transfer the Assets to the Purchaser and (ii) assume and assign the Assumed Agreements to Purchaser pursuant to the APA, which assignments will take place on and be effective as of the Closing or as otherwise provided by a separate order of the Court. The Rejected Agreements are deemed rejected as of the Closing under Section 365 of the Bankruptcy Code. The Purchaser will honor any Gift Cards properly sold by the Debtor in the ordinary course of its Business. With regard to the sale of alcohol beverages and food at any of the restaurant business properties encompassed by the Assets, the Court orders that the Debtor and all other parties in interest will cooperate with and support Purchaser in executing such applications and furnishing such documents as are necessary for Purchaser to obtain, in its name, any such temporary or new alcohol beverage license, liquor license approvals, transferred liquor license, and/or other licenses and permits necessary to continue operation of the business without interruption. Moreover, except for good cause based on violations of law unrelated to the transfer of ownership of the business occurring pursuant to the APA and the Order or except when the automatic stay under Section 362 of the Bankruptcy Code does not apply, each of the affected state or municipal government alcohol regulatory agencies, and all other law enforcement and regulatory agencies will not interrupt the business conducted at the restaurant business property, including the sale of alcohol beverages and food by Purchaser, without first obtaining relief from the Court. The Purchaser may continue to operate at the restaurant business property under existing liquor licenses, state food service licenses, local occupational licenses, and any other licenses or permits needed to operate at the restaurant business property, with no interruption of the business conducted at such premise, until the liquor license approvals have been secured and other licenses and permits have been transferred to the Purchaser, or new alcohol beverage licenses and other licenses and permits have been issued to the Purchaser. Notwithstanding anything to the contrary contained in the APA or the Sale Motion, the Expense Reimbursement will be capped at $60,000 and, further, the Purchaser is not entitled to and will not be paid the Expense Reimbursement if the Closing occurs or the Purchaser terminates the APA. Premier Produce One, Inc. asserts it is owed the principal amount of $54,295 by the Debtor, of which $41,129, plus interest and attorneys' fees, is owed under the trust provision of the Perishable Agricultural Commodities Act (“PACA”), and $4,067 is owed under Section 503(b) of the Bankruptcy Code. If the Closing occurs, then in full and final satisfaction of the PACA Claim, Premier will have an allowed super-priority claim against the Debtor in the amount of $41,000, which Premier Super-Priority Claim will be paid in full to Premier by the Purchaser at the Closing. Such payment will be without prejudice to Premier's remaining claims, including its Administrative Claim. If the Closing does not occur, then Premier reserves all rights, including those arising under the PACA trust, and the Debtor and Tower reserve their rights to contest any claims asserted by Premier, including those arising under the PACA trust, and the amount, priority and validity of such claims. The Sale Order constitutes a final order within the meaning of 28 U.S.C. Section 158(a). Notwithstanding any provision in the Bankruptcy Rules to the contrary, the Court expressly finds there is no reason for delay in the implementation of the Sale Order and, accordingly: (i) the terms of this Sale Order will be immediately effective and enforceable upon its entry and the 14-day stay provided in Bankruptcy Rule 6004(h) and Bankruptcy Rule 6006(d) is expressly waived and will not apply; (ii) the Debtor is not subject to any stay in the implementation, enforcement or realization of the relief granted in the Sale Order; and (iii) the Debtor may, in its discretion and without further delay, take any action and perform any act authorized under the Sale Order. About BJRP, LLC BJRP LLC, based in Beachwood, OH, filed a Chapter 11 petition (Bankr. Ohio Case No. 18-15839) on Sept. 28, 2018. The Hon. Arthur I. Harris oversees the case. Richard A. Baumgart, Esq., at Dettelbach Sicherman & Baumgart LLC, serves as bankruptcy counsel. In the petition signed by CEO Brad Friedlander, the Debtor disclosed $442,000 in assets and $3,502,443 in liabilities. The Debtor employed Dettelbach Sicherman & Baumgart LLC, as attorneys. BLACK IRON: Seeks to Hire Stoel Rives as New Legal Counsel ---------------------------------------------------------- Black Iron, LLC, seeks approval from the U.S. Bankruptcy Court for the District of Utah to hire Stoel Rives LLP as its new legal counsel. Stoel Rives will substitute for Kirton McConkie, P.C., which intends to withdraw as the Debtor's legal counsel. The attorneys who may be designated to handle the Debtor's Chapter 11 case and their standard hourly rates are: David Jordan $570 David Levant $695 Mark Hindley $495 Jennifer Slocum $375 The hourly rates for other associates range from $290 to $375. Stoel Rives agreed to reduce the hourly rate for David Levant, Esq., to $570 from $695. The firm requested an initial retainer of $100,000. The firm and its attorneys do not represent any interest adverse to the Debtor and its bankruptcy estate, according to court filings. Stoel Rives can be reached through: David J. Jordan, Esq. David B. Levant, Esq. Mark E. Hindley, Esq. Stoel Rives LLP 201 S Main Street, Suite 1100 Salt Lake City, UT 84111 Telephone: 801.328.3131 Facsimile: 801.578.6999 E-mail: david.jordan@stoel.com E-mail: david.levant@stoel.com E-mail: mark.hindley@stoel.com About Black Iron Black Iron, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 17-24816) on June 1, 2017. In the petition signed by Steve L. Gilbert, its manager, the Debtor estimated its assets and debt at $1 million to $10 million. The Hon. William T. Thurman is the case judge. The Debtor hired Adelaide Maudsley, Esq., and Ralph R. Mabey, Esq., at Kirton McConkie P.C., as bankruptcy counsel. The Debtor tapped Gary Thorup, Esq., at Durham Jones, to serve as its special litigation counsel; WSRP, LLC, as its accountant; and Alysen Tarrant as its environmental consultant. BLACKRIDGE TECHNOLOGY: Issues Shareholder Letter ------------------------------------------------ BlackRidge Technology International Inc. has released the following letter to its shareholders from Chairman, Chief Executive Officer and President Bob Graham. Dear Fellow Shareholders: 2018 was an exciting year as we fortified our balance sheet and achieved several operational milestones including our now-complete transition from a research and development company to a fully commercialized operation with new customers and, yes, sales. We believe this critical inflection point will position BlackRidge Technology towards positive cash flow operations in 2019 on the heels of substantial revenue growth from newly signed partners and customers in 2018. On the operational front, we advanced development of our next-generation cyber security solutions for protecting enterprise and government networks, systems and cloud services with our patented First Packet Authentication technology. In fact, this week at CES 2019, we will be demonstrating the BlackRidge Transport Access Control (TAC) product family and a new BlackRidge TAC Identity (TAC-ID) device. TAC-ID provides identity for authenticating network connections for both new and legacy equipment in factories, hospitals and critical infrastructure architectures, and it supports the secure convergence of operational technology (OT) and information technology (IT) networks. Here's more about the macro environment that is driving the demand for our disruptive cyber defense solutions. The World of Cyberthreats: Cybersecurity risks are everywhere and are becoming more intense. The Internet was designed to be open, not to optimize security or even to prioritize it. Over time, cyberattacks have become more imaginative and severe. For many years, cybersecurity specialists felt that the best way to "do security" was to create a safe environment using perimeter defense tools such as firewalls and VPNs and other techniques to encrypt and protect information inside this environment. This approach has been largely unsuccessful, especially with the rise of cloud services, the need for mobile access, and the confluence of IT and OT. Zero Trust: The market is moving toward a better way to be secure in an unsecure world: create end-to-end trust in an environment that assumes there is no trust. A leading industry analyst describes zero trust networking as a concept "for secure networking connectivity where the initial security posture has no implicit trust between the different entities, regardless of whether they are inside or outside the enterprise perimeter." In such an environment, it is essential to identify the device and user, assume that the network is untrusted, and ensure that users and devices are communicating only with intended servers and applications. We believe our core technology, the patented BlackRidge TAC, is an integral part of our solution for establishing trust on a connection-by-connection basis in untrusted network environments. BlackRidge's Solution: In April 2018, we released version 4.1 of our software product, which extends our patented First Packet Authentication to endpoint devices. This new capability, combined with the U.S. Department of Defense (DoD) certification of our gateway product in June, means that we now offer an end-to-end trust capability for today's network environments. Customer Reaction to Version 4.1: Although BlackRidge released a commodity hardware-based product in 2017, it became obvious that to be successful in today's rapidly evolving threat environment we needed a software-only solution to establish end-to-end trust, including for cloud environments. Once version 4.1 was available, customers, prospective customers and partners who were familiar with our hardware-based product immediately began trials. As a result, during the fourth quarter of 2018, we completed seven trials and closed four sales. We also completed testing with several major partners and resellers. We expect the balance of our fourth quarter trials to convert to revenue in 2019, and we have 10 to 15 additional new trials planned for the first half of 2019. In addition, we continue to work with the DoD on several projects, with trials expected during the first half of 2019. We expect that these projects will move to proposals and potential contracts during 2019. In the past quarter, we established a formal channel partner program and we are recruiting and onboarding resellers as we move to a full channel go-to-market model. Channel partners are enthusiastic, and they will expand our market reach both domestically and internationally. During 2018 BlackRidge signed six new commercial channel partners and resellers. We expect to sign an additional six to 10 in the first half of 2019. These channel partners will take over the pre-sales and post-sales support function for many customers during the second half of the year. BlackRidge and Cisco: Cisco became interested in the BlackRidge TAC capability in 2018, and the first integration extending Cisco security controls to cloud environments was demonstrated at Cisco Live, the company's largest trade show. Since then, we have become a Cisco Preferred Solution Partner and have been listed in the online Cisco Marketplace, and we are recruiting Cisco resellers to sell our integration solution to their customers. In 2019, we expect to make further announcements concerning our Cisco relationship, focusing on additional product integrations for specific use cases. Revenue from Cisco channel partners is expected to develop in the second half of 2019. BlackRidge and the Cloud: We have developed a cloud security use case that allows Cisco customers to extend their identity-based security controls to the cloud. The first demonstration was at Cisco Live 2018, using an Amazon cloud solution. We will be making further announcements during 2019 regarding additional cloud security capabilities. The Amazon cloud solution is in evaluation with a major government cloud user, and we expect this agency to begin trials in the first half of 2019. BlackRidge and IIoT Security: Last year, we brought on two new key executives: Michael Murray, to head our Industrial Internet of Things (IIoT) and cyber-physical business, and John Walsh, our chief strategy and technology officer for the IIoT and government businesses. The IIoT and critical infrastructure sectors have shown significant interest in BlackRidge due to our ability to extend identity-based security controls from the network edge to the cloud, and our ability to protect brownfield environments with legacy devices. BlackRidge has developed a TAC-ID device that can insert identity for legacy devices at the network edge, thus creating a chain of trust from devices such as industrial controllers, power generators and medical devices to the cloud. Our device currently works with anything using TCP/IP, and in the future we expect that our device will also convert legacy control protocols to TCP/IP. The initial device and its capabilities for securing IIoT and critical infrastructure were announced this week and are being demonstrated at CES 2019 in the IoT Infrastructure Pavilion. In the first quarter of 2019 we expect to announce partnerships in the IIoT space that will bring our products to a variety of industry suppliers, and with a major device manufacturer that will embed our TAC Identity endpoint software into its devices. 2019 Outlook: We expect 2019 to be a good year for the company and its shareholders. Feedback from our commercial trials is positive, and we have received initial orders as a result. Our channel partners are enthusiastic and are expanding our market reach. Our OEM partners are working on multiple implementations of the BlackRidge product, and we expect these existing relationships and revenues to grow and new solutions and partners to be announced in the next few quarters. After years of work with the DoD and other government agencies and our inclusion on the DoD Approved Products List, we are under consideration for a variety of DoD programs and we expect to see bookings for them during the first half of 2019. We are growing the company and carefully utilizing our capital as we bring new products to market and refine our go-to-market strategy. Our technology has gained clear market acceptance and we have exciting new partnerships which we believe will grow our business in 2019. As mentioned, at CES 2019 in Las Vegas on January 8-11, 2019, BlackRidge Technology management will demonstrate new capabilities for protecting IoT and industrial control systems in booth 2421 within the IoT Infrastructure Pavilion. We are seeing tremendous opportunity for BlackRidge's existing and new products to be announced soon. Thank you to our shareholders for your continued support and we wish you a happy and prosperous 2019. Sincerely, Bob Graham Bob Graham, Chairman, Chief Executive Officer & President BlackRidge Technology 5390 Kietzke Lane, Suite 104 Reno, Nevada 89511 About BlackRidge Technology Headquartered in Reno, Nevada, BlackRidge Technology, formerly known as Grote Molen, Inc. -- http://www.blackridge.us/-- develops and markets next generation cyber defense solutions that enables its customers to deliver more secure and resilient business services in today's rapidly evolving technology and cyber threat environments. The Company's network, server, and cloud security products are based on its patented Transport Access Control technology and are designed to isolate, cloak and protect servers and cloud services from cyber-attacks and block unauthenticated access. BlackRidge products are used in enterprise and government computing environments, the industrial Internet of Things (IoT), commercial blockchains, and other cloud service provider and network systems, military grade and patented network security technology. Blackridge Technology incurred a net loss of $15.34 million in 2017 compared to a net loss of $7.21 million in 2016. As of June 30, 2018, the Company had $8.79 million in total assets, $7.44 million in total liabilities and $1.34 million in total stockholders' equity. As of Sept. 30, 2018, BlackRidge had $11.19 million in total assets, $6.03 million in total liabilities, and $5.15 million in total stockholders' equity. Haynie & Company, in Salt Lake City, Utah, issued a "going concern" qualification in its report on the consolidated financial statements for the year ended Dec. 31, 2017, citing that the Company has incurred losses since inception, has negative cash flows from operations, and has negative working capital. These factors raise substantial doubt about the Company's ability to continue as a going concern. BOWLING GREEN: Exclusive Plan Filing Period Extended to Jan. 31 --------------------------------------------------------------- The Hon. Joan A. Lloyd of the U.S. Bankruptcy Court for the Western District of Kentucky, at the behest of Bowling Green Recycling of Warren County, Inc., and Bowling Green Recycling II, Inc., has ordered that no party other than the Debtors may file a plan at any time prior to Jan. 31, 2019 and the Debtors will have the exclusive right to solicit acceptances of a plan sufficient to achieve confirmation thereof until Feb. 28, 2019. The Troubled Company Reporter has previously reported that the Debtors sought for an extension of the Exclusivity Period and Solicitation Period. The Debtors related that their largest creditor, National Union Fire Insurance Company of Pittsburg, Pennsylvania, holds a disputed unsecured claim for $1,935,272 that is based upon summary judgment that found the Debtors liable for conversion, in the case styled National Union Fire Insurance Co. v. Bowling Green Recycling, LLC, et al., No. 1:15-CV-00024-GNS (W.D. Ky. Dec. 19, 2017). The Debtors are in the process of appealing the Judgment to the Sixth Circuit Court of Appeals. The Debtors recounted that National Union, after nearly five months of silence on settlement discussions, has communicated to the district court and the Debtors its renewed interest in resolving their claim extrajudicially and settling the matter. Accordingly, additional time will enable the Debtors and National Union to continue settlement discussions. The Debtors believed the outcome of those discussions will shape the Chapter 11 Plan and the classification of the claims. The Debtors also believed it will be in the best interests of the Debtors and their creditors to have this matter resolved prior to litigating a costly appeal. About Bowling Green Recycling of Warren County, Inc. Bowling Green Recycling of Warren County, Inc., and Bowling Green Recycling II, Inc., specialize in industrial recycling of metals and cardboard. Recycling and Recycling II sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Ky. Case Nos. 18-10366 and 18-10367) on April 23, 2018. In the petitions signed by James T. Lofton, general manager, Recycling estimated assets of less than $1 million and liabilities of $1 million to $10 million. Recycling II estimated assets of less than $500,000 and liabilities of $1 million to $10 million. Judge Joan A. Lloyd presides over the cases. The Debtors tapped Seiller Waterman LLC as their legal counsel; and Broderick & Davenport, PLLC, is the special counsel. BRIDGEPORT BIODIESEL: $200K Sale of Equipment to Southern Approved ------------------------------------------------------------------ Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern District of New York authorized Bridgeport Biodiesel 2, LLC's sale of asset, consisting of biodiesel processing equipment designed to reprocess cooking oil into fuel, located at 146 Andover Street, Bridgeport, Connecticut to Southern New England Biodiesel, LLC for $200,000. The sale is free and clear of all Liens and Claims, with all such Liens and Claims to attach to the proceeds of the sale. Notwithstanding the closing of the foregoing sale, Andover Street Associates, LLC ("Landlord") will have the right to file a motion for allowance of an administrative expense and a claim for unpaid rent. The closing of the foregoing sale will be completed by Dec. 31, 2018. The Debtor's interest in the real property upon which the sold assets were located will be surrendered to the Landlord, Andover Street Associates, LLC, effective as of Dec. 16, 2018 no later than Feb. 28, 2019. In the event that the Purchaser fails to close on the sale in accordance with the terms of the PSA and the Order though no fault of the Debtor, the Purchaser's deposit will be paid to the Debtor’s estate, and the Purchaser waives any and all rights to object to or otherwise seek recovery of such deposit. The 14-day stay of the Order under Bankruptcy Rules 6004(h) and 6006(d) are waived, for cause, and the Order is effective immediately upon its entry, retroactive to the date of the closing of the foregoing sale. About Bridgeport Biodiesel 2 Pearl River, New York-based Bridgeport Biodiesel, LLC, provides renewable biodiesel fuel made from recycled cooking oil to the Tri State Area and the North Eastern Seaboard. Bridgeport Biodiesel 2, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 18-22244) on Feb. 11, 2018. In the petition signed by CEO Brent Baker, the Debtor disclosed $32,078 in assets and $2.4 million in liabilities. Judge Robert D. Drain presides over the case. The Debtor hired the Law Offices of Michael A. Koplen as its legal counsel. CAMBER ENERGY: Issues Letter to Shareholders from CEO Louis Schott ------------------------------------------------------------------ On Jan. 9, 2019, Camber Energy, Inc. issued a press release including a letter to shareholders from the Company's Interim Chief Executive Officer, Louis G. Schott. The letter is set forth below: To Our Shareholders: The purpose of this letter is to provide a recap to the shareholders of Camber Energy, Inc. on behalf of its management. As we look back on the last eighteen months, we believe the Company has made significant strides. As of June 30, 2017, the Company was facing a major deficiency in cash, which was stifling its ability to operate its business, let alone grow. Additionally, the Company was out of compliance with its bank, International Bank of Commerce. Furthermore, the Company was attempting to massively reduce its general and administrative expenses. Finally, around the same time, the Company received a letter from NYSE American (the "NYSE") stating that Camber was not in compliance with NYSE listing standards and that Camber would be de-listed unless remedial measures were taken. In short, the condition of the Company was bleak. In order to move forward, the Company had to first evaluate whether survival was a possibility. With no protection against failure, the management team, which included the previous CEO, the current CFO and the current interim CEO (as an advisor), moved forward with a plan to continue cost reductions, complete the Company's Annual Report on Form 10-K, which at that time was already due, develop a plan to regain compliance with the NYSE and somehow maintain a standstill with IBC, which at any time could have taken adversarial steps against the Company and its assets, including foreclosing on such assets, which would have resulted in a liquidation of the Company. Upon completion of the 2017 Form 10-K, our next step was to raise funds to begin the clean-up of Camber's legacy, existing and ongoing liabilities, with the goal of improving Camber's balance sheet as well as undertaking efforts to request extensions from IBC, with the ultimate goal of regaining compliance with IBC’s loan covenants. The terms of the Company's 2016 equity financing arrangement with a third-party investor (the "Investor"), which included the sale of Series C Redeemable Convertible Preferred Stock (the "Series C Preferred Stock"), which financing was needed to provide the Company much needed capital to support its operations and pay outstanding liabilities, coupled with the sharp decline in the trading prices of the Company's common stock during 2017, resulted in substantial dilution to shareholders, which continues today. Due to the state of the Company and the trading prices of its stock, the Company had no equity alternatives that made financial sense in 2017, but was able to secure up to $16 million in financing from the Investor in connection with the sale of Series C Preferred Stock though its entry into an equity purchase agreement in October 2017. With these funds in hand, the Company next began to attempt to clean up the balance sheet by paying down legacy liabilities and negotiating with IBC for extensions. Additionally, at that time, the Company submitted a formal plan to regain compliance with the NYSE, which was accepted and required the Company to regain compliance with the NYSE continued listing standards by no later than August of 2018 (which has since been extended as discussed below). IBC Bank Debt As the Company began 2018, it was still not in compliance with its loan with IBC. Additionally, the Company did not have cash flow to support interest or principal payments on the loan. To increase its asset value, as well as cash flow, the Company attempted a workover program on its Oklahoma operated assets and closed an acquisition in a different county in Oklahoma, producing from the same Hunton formation (the "Okemah Assets"), in early 2018. While the workovers helped the Company, the overall value of the old Oklahoma assets appeared on the decline and management did not believe such assets would support reclaiming compliance with IBC. Additionally, while the Okemah assets appeared to have substantial potential, it was determined that these assets required time and funding to fully maximize their value. As the Company completed its 2018 fiscal year (in March 2018), it was apparent that neither the reserves, nor the cash flows, would support the IBC debt or the Company's attempts to regain compliance with the NYSE stockholders' equity requirements. As a result, the Company had to undertake immediate action to remedy its ongoing defaults with IBC before IBC foreclosed on its assets. Since, Richard N. Azar II, Camber's CEO at the time, and Donnie Seay, then a member of Camber's Board of Directors, were both guarantors of the IBC debt, it was clear that the negotiations had to involve each of them. Therefore, Mr. Azar and Mr. Seay each resigned from their positions with the Company, and the Company pursued a transaction with those individuals and IBC. Following extensive discussions and negotiations, on June 25, 2018, Camber executed a non-binding letter of intent with a proposed buyer, affiliated with Mr. Azar and Mr. Seay, in connection with a contemplated exchange of a substantial portion of its assets in consideration for the buyer's assumption of all of Camber's debt with IBC. Following further extensive negotiations and extensions, on September 26, 2018, Camber closed the above referenced transaction, pursuant to which the buyer, N&B Energy, LLC ("N&B"), assumed all of Camber's debt with IBC in exchange for all of the Company's assets located in Oklahoma. Camber retained its assets in Glasscock County and Hutchinson Counties, Texas, the assets the Company purchased in March of 2018, as well as a production payment and overriding royalty interest on the Okemah assets, and an overriding royalty interest on certain undeveloped leasehold interests. In summary, this transaction extinguished approximately $36.9 million of debt, significantly enhancing the Company's balance sheet and cash flow by eliminating the monthly debt service payments of $425,000 per month which were required by IBC. Balance Sheet and Compliance with the NYSE American As previously reported, in 2017, the Company received notice from the NYSE that the Company was not in compliance with Sections 1003(a)(i) through (iii) of the NYSE American Company Guide (the "Guide"). In order to maintain its listing on the NYSE, the NYSE had requested that the Company submit a plan of compliance addressing how the Company intended to regain compliance with Sections 1003(a)(i) through (iii) of the Guide by August 3, 2018. The plan was submitted timely and the NYSE previously granted the Company until August 3, 2018, which date was subsequently extended until December 15, 2018, prior to being extended further to February 3, 2019, to regain compliance with the continued listing standards of the Guide. Specifically, pursuant to Sections 1003(a)(i) through (iii) of the Guide, the Company is required to have at least $6 million of stockholders' equity as of February 3, 2019 to regain compliance with the NYSE continued listing standards. Considering the Company had started the year with substantial negative stockholders' equity and had a $28 million stockholders' deficit at the end of the 2nd calendar quarter of 2018, the Company was in an extremely precarious position. Nevertheless, closing the N&B transaction extinguished the bank debt and with completed equity sales, the Company was able to increase its stockholders' equity to $2 million by the end of the third calendar quarter of 2018. Although this $30 million gain in stockholders' equity was incredible, the Company had still not reached its goal. With less than a quarter to go before the NYSE's August 2018 deadline, the Company needed to increase its stockholders' equity by another $4 million. Over the first 75 days of the quarter, the Company increased its stockholders' equity through the conversion, by the Investor, of a $495,000 outstanding convertible debenture into shares of common stock on October 31, 2018 and the sale of an additional $3.5 million of Series C Preferred Stock on October 29, 2018 and $2.5 million of Series C Preferred Stock on December 3, 2018, to the Investor. The result of these transactions was that the Company had unaudited pro forma stockholders’ equity, as of December 4, 2018, of approximately $8 million, which exceeds the $6 million minimum amount of stockholders' equity required by the NYSE for the Company to maintain the continued listing of its common stock on the NYSE. While there are no guarantees, we anticipate having to wait until the end of the plan period (as extended), in order to receive formal approval by the NYSE American of our re-compliance with the applicable continued listing standards, assuming that we continue to maintain stockholders' equity over $6 million through the end of such compliance period. The December 24, 2018 Reverse Split Because Camber's stock price unexpectedly dropped below $0.10 per share during the week beginning December 17, 2018, the Board of Directors believed they were forced to take immediate action to avoid Camber's common stock trading below $0.06 per share, which typically triggers immediate delisting by the NYSE. In connection therewith, the Board of Directors approved on December 19, 2018, effective as of December 24, 2018, a 1-for-25 reverse stock split, under applicable Nevada law (Nevada Revised Statutes (NRS) Section 78.207), proportionally adjusting both the Company's (a) authorized shares of common stock; and (b) issued and outstanding shares of common stock. The effect of the reverse split was only to divide Camber's issued and outstanding common stock by 25 and to simultaneously divide Camber’s authorized common stock by 25, the result of which (other than minimal changes due to rounding), was a purely mechanical change (in a ratio of 1-for-25) to our stock price (which was adjusted upward by a factor of 25 at the open of trading), and issued and outstanding shares of common stock. While this was not the ideal moment for the split, the risk of an automatic delisting from the NYSE if the stock had dropped below $0.06 per share was too great. The Board of Directors believes that taking action without approval of the shareholders (as was allowed under Nevada law) to affect the reverse was borne out by the fact that the Company's common stock actually traded as low as $0.07 per share at one point between the date the reverse was announced and effective. Proxy Statement On January 9, 2019, we filed a definitive proxy statement in connection with the Company's 2019 annual meeting of shareholders to be held on February 19, 2019. The proxy statement requested shareholder approval for, among other things, the amendment to our Articles of Incorporation to increase the number of our authorized but unissued shares of common stock (from 20 million shares following the reverse split described above, to 250 million) to provide sufficient available room for future transactions and issuances (as described in the proxy statement we currently have more shares reserved for future issuance than are available when taking into account our current number of shares of authorized common stock); to increase the number of shares available under our 2014 Stock Incentive Plan from 1,600 shares to 2.5 million shares (10% of the authorized shares following the proposed increase described above), to provide sufficient shares to incentive our management and employees); the approval of the issuance of more than 19.99% of our shares of common stock, as is required under NYSE rules, in connection with both of our prior 2018 funding agreements with the Investor (which approval is a required term and condition of such funding agreements and a closing condition to us receiving any further funding under the November 2018 agreement); and approval for a further reverse stock split, in the discretion of our Board of Directors, of between 1-for-5 and 1-for-25, at any time prior to the earlier of one year after the meeting and the date of the 2020 annual meeting. The reverse stock split approval is currently only being sought in order for our Board of Directors to implement a further reverse stock split, if one is necessary to maintain the listing of our common stock on the NYSE or in the event a transaction requires us to increase the trading value of our common stock, or the number of shares of common stock available for future issuance. Shareholder approval is being sought in advance of the need for another reverse stock split to avoid the time and expense associated with the calling of another shareholders' meeting in the future, in the event a reverse stock split is deemed necessary or warranted by the Board of Directors. At this time the Board of Directors has no intention to implement a further reverse stock split, even if approved by the shareholders at the annual meeting. Conclusion Overall, the Company accomplished several major milestones in 2018. Extinguishing the bank debt, cleaning up the balance sheet, and hopefully becoming fully compliant with the NYSE are all major steps towards the future. As we move into calendar 2019, the Company continues to seek out both large and small acquisitions as well as merger opportunities with the goal of increasing shareholder value. The Board of Directors and the Executive Management Team want to thank our loyal shareholders for their continued encouragement, and want to share our excitement about this year and the Company's future. Best regards, /s/ Louis G. Schott Interim Chief Executive Officer About Camber Energy Based in San Antonio, Texas, Camber Energy, Inc. (NYSE American: CEI) -- http://www.camber.energy/-- is an independent oil and gas company engaged in the development of crude oil, natural gas and natural gas liquids in the Hunton formation in Central Oklahoma in addition to anticipated project development in the Texas Panhandle. Camber Energy reported a net loss of $24.77 million for the year ended March 31, 2018, compared to a net loss of $89.12 million for the year ended March 31, 2017. As of Sept. 30, 2018, the Company had $6.98 million in total assets, $4.69 million in total liabilities, and $2.29 million in total stockholders' equity. GBH CPAs, PC's audit 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 has incurred significant losses from operations and had a working capital deficit as of March 31, 2018. These factors raise substantial doubt about the Company's ability to continue as a going concern. CAPITOL SUPPLY: Seeks Feb. 1 Exclusive Filing Period Extension -------------------------------------------------------------- Capitol Supply, Inc., asks the U.S. Bankruptcy Court for the Southern District of Florida for a 30-day extension of the exclusive filing period and the exclusive solicitation period to through and including Feb. 1, 2019 and April 1, 2019, respectively, and including a 30-day extension of the Procedures Order Deadline to through and including Feb. 1, 2019. The Debtor relates that since the Petition Date, it has devoted a significant amount of time (a) complying with the requirements of operating as a debtor-in-possession during a Chapter 11 case, (b) defending the appeal of the Court's order granting in part the Debtor's motion to enforce the automatic stay against an action by the United States and Louis Scutellaro pending before the District Court for the District of Columbia, (c) negotiating the sale of the Debtor's interest in certain agreements and related business divisions with proposed sellers and the Debtor's secured lender, (d) obtaining court approval of such sales and related contract assignments, and (e) preparing cash budgets for continued use of cash collateral and projections for a plan. The Debtor also relates that it has been in settlement discussions with one of its largest unsecured creditors, the United States, with respect to the claims asserted in the DC Case, and with its secured lender, Bank of America, with respect to potential consensual plan terms. The Debtor has made significant progress with both settlement discussions. While the Debtor and the United States have finalized and executed a settlement agreement, and the Debtor has filed a motion for approval of such agreement, the Debtor requires additional time to obtain approval of such agreement, and to finalize its plan of reorganization and disclosure statement. The Debtor anticipates that counsel for the United States may seek to continue the hearing scheduled for approval of the settlement agreement because, at the end of the day on Dec. 21, 2018, funding for the Department of Justice expired and appropriations to the Department lapsed and it is not clear when funding will be restored by Congress. About Capitol Supply Since 1983, Capitol Supply, Inc., has provided the United States Government, the U.S. Military, State and local government agencies and consumer and commercial customers worldwide various products needed to operate their businesses. Capitol Supply offers office supply, office furniture, hardware, tools, auto parts, cleaning supplies, dorms and quarters, package room, and GSA schedule needs. Capitol Supply was formerly known as Capitol Furniture Distributing Company and changed its name to Capitol Supply, Inc., in March 2005. Capitol Supply, based in Boca Raton, Florida, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-21544) on Sept. 20, 2017. In the petition signed by CEO Robert J. Steinman, the Debtor estimated $1 million to $10 million in assets and liabilities. The Hon. Erik P. Kimball oversees the case. Bradley S. Shraiberg, Esq., at Shraiberg Landaue & Page, P.A., serves as bankruptcy counsel to the Debtor. The Debtor tapped Holly A. Roth and Reed Smith LLP as special counsel to assist the Debtor with matters relating to the claims raised under the False Claims Act by the United States of America against the Debtor, including reviewing and negotiating a proposed settlement with respect to such claims. CASCADE FAMILY: Seeks May 22 Exclusive Filing Period Extension -------------------------------------------------------------- Cascade Family Skating, LLC, asks the U.S. Bankruptcy Court for the Northern District of Georgia to its exclusivity period through and including May 22, 2019, as well as its solicitation deadline through and including June 22, 2019. The Debtor submits it has made significant progress negotiating with its major creditors and expects to complete its Plan negotiations soon. Indeed, the Debtor is prepared to demonstrate by a preponderance of evidence that it is more likely than not that the Court will confirm a plan within a reasonable period of time. Accordingly, the Debtor seeks a second extension of its exclusivity period for an additional 90 days. About Cascade Family Skating Cascade Family Skating, LLC -- https://atlantafamilyfuncenters.com/ -- owns a family entertainment center that operates a roller skating rink in Atlanta, Georgia. Cascade Family Skating sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-57159) on April 27, 2018. In the petition signed by Gregory Alexander, president, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The Debtor tapped Rountree & Leitman, LLC as its legal counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case. CECIWONG INC: Seeks to Hire M. Jones as Legal Counsel ----------------------------------------------------- CeciWong, Inc., seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire M. Jones and Associates, PC, as its legal counsel. The firm will advise the Debtor regarding the administration of its Chapter 11 case; represent the Debtor at all examinations; negotiate with creditors concerning the terms of any proposed plan of reorganization; and provide other legal services related to the case. The firm will charge these hourly fees: Michael Jones Attorney $450 Sara Tidd Attorney $400 Laily Boutaleb Attorney $350 Michael David Attorney $350 Paralegal Paralegal $100 Law Clerk Law Clerk $100 M. Jones received a retainer of $20,000 from the Debtor. Michael Jones, Esq., at M. Jones, disclosed in a court filing that no one at the firm holds any interest adverse to the interest of the Debtor's bankruptcy estate, creditors and equity security holders. The firm can be reached through: Michael Jones, Esq. M. Jones and Associates, PC 505 N Tustin Ave., Suite 105 Santa Ana, CA 92705 Telephone: (714) 795-2346 Facsimile: (888) 341-5213 Email: mike@MJonesOC.com About CeciWong Inc. CeCiWong, Inc. -- http://www.worldofceciwong.com-- is in the jewelry, precious stones and precious metals business. CeCiWong sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Calif. Case No. 18-31385) on Dec. 21, 2018. At the time of the filing, the Debtor disclosed $3,137,729 in assets and $5,674,492 in liabilities. The case is assigned to Judge Hannah L. Blumenstiel. M. Jones and Associates, PC, is the Debtor's counsel. CHESAPEAKE ENERGY: Provides Preliminary Financial Results for Q4 ---------------------------------------------------------------- Chesapeake Energy Corporation reported selected financial and operational results for the 2018 fourth quarter. Highlights include: * Estimated average 2018 fourth quarter production range of approximately 462,000 to 464,000 barrels of oil equivalent (boe) per day * Estimated average 2018 fourth quarter oil production range of approximately 86,000 to 87,000 barrels (bbls) of oil per day; divested Utica oil volumes have been completely replaced by oil volume growth in the Powder River Basin and Eagle Ford Shale in the two months following the sale * Achieved year-end 2018 Powder River Basin net production exit rate of approximately 38,500 boe per day (approximately 47 percent oil) * Estimated 2018 fourth quarter capital expenditures of approximately $545 million, including $50 million of capitalized interest and Utica investments * Utica Shale divestment and debt refinancing eliminated approximately $2.6 billion in secured leverage, positioning the company with ample liquidity and no significant near-term debt maturities; debt balance as of December 31, 2018 of approximately $8.2 billion including $419 million drawn on revolving credit facility Doug Lawler, Chesapeake's president and chief executive officer, commented, "Chesapeake continues to advance our strategic priorities of improving margins, reducing debt and achieving sustainable cash flow neutrality. In 2018, asset divestitures generated more than $2 billion in net proceeds which facilitated the retirement of our term loan and senior secured second lien debt. Total debt was reduced by approximately $1.8 billion from year-end 2017. Importantly, the divested daily oil volumes associated with the Utica sale, which represented 10% of our third quarter oil production, were replaced in the last two months of the year through our legacy South Texas and emerging Powder River Basin oil engines. "Looking forward to 2019, we are confident in our ability to drive further competitive performance through the quality of our investments and our capital and operating discipline. We have secured a strong hedge position for gas and oil which provides stability and certainty in our cash generating capability. We plan to reduce our 2019 capital expenditures by lowering our rig count by approximately 20 percent, expecting to average 14 rigs versus our current rig count of 18. Further, we expect our capital efficiency to improve in 2019 as total net capital per rig line is projected to decrease by 15 to 20 percent compared to 2018. The improvement in our capital efficiency, along with our focus on our high-margin oil investments, should result in higher operating cash flow and stronger margins in 2019 compared to 2018. "We look forward to consummating the merger with WildHorse Resources and further strengthening our portfolio and competitiveness with another strong oil growth asset. We plan to provide detailed capital guidance for the combined company later in the 2019 first quarter, but at present we anticipate operating four rigs on the WildHorse acreage in 2019. We look forward to further building on our track record of performance in 2019 and are excited to continue demonstrating our leadership and differential competitiveness." Operations Update In the Powder River Basin (PRB), Chesapeake achieved a net production exit rate of approximately 38,500 boe per day (approximately 47 percent oil and 60 percent total liquids) in December. Volumes are expected to accelerate during 2019, resulting in annual net production from the basin to more than double compared to 2018. Chesapeake is operating five rigs in the PRB, all of which are currently drilling the Turner formation. The Eagle Ford Shale in Texas continues to deliver the highest margins in the company, primarily driven by premium Gulf Coast crude oil pricing. Despite the lingering effects of regional flooding in the area, the combination of strong well performance, greater volumes transported via pipeline compared to trucking and new field technologies resulted in Eagle Ford net production averaging approximately 105,000 boe per day (approximately 58 percent oil) for the 2018 fourth quarter, which is better than previously expected. During the 2018 fourth quarter, the company continued its Austin Chalk and Upper Eagle Ford appraisal programs and anticipates updating these results at the end of the 2019 first quarter. The company is currently utilizing four rigs in the Eagle Ford. In the Marcellus Shale in Pennsylvania, Chesapeake continues to create significant free cash flow due to higher realized in-basin gas prices. Two new Lower Marcellus records were set in northern Sullivan County during the 2018 fourth quarter, demonstrating that appropriate development spacing along with longer laterals and better steering within the target zone can deliver exceptional value. The JOEGUSWA 4HC well had a lateral length of 13,803 feet and set a 24-hour initial production record of 62.6 million cubic feet of gas (mmcf) per day with a 2,600 psi flowing pressure. This well performance surpassed the current 24-hour initial production record from the McGavin well of approximately 61.8 mmcf per day. The JOEGUSWA 5HC well with a lateral length of 9,808 feet set a 24-hour initial production record of 73.4 mmcf per day at a 3,000 psi flowing pressure. While both wells had fracture stimulations using approximately 1,600 pounds of sand per foot of lateral, both wells were also bounded by previously drilled wells that were approximately 1,300 feet away, pointing to the advantage and opportunity that Chesapeake's acreage position provides in its ability to properly space future drilling locations. Balance Sheet and Hedge Position Update As of Dec. 31, 2018, Chesapeake's principal amount of debt outstanding was approximately $8.167 billion, compared to $9.981 billion as of Dec. 31, 2017. Additionally, the company has approximately $2.5 billion of available liquidity under its senior secured revolving credit facility. During the 2018 fourth quarter, the company was very active in hedging 2019 oil and gas volumes and at Dec. 31, 2018, Chesapeake had downside protection on approximately 590 billion cubic feet (bcf) of its forecasted 2019 gas production at $2.85 per thousand cubic feet (mcf). Additionally, the company has downside protection on approximately 16 million barrels (mmbbls) of its forecasted 2019 oil production at $58.61 per barrel and oil basis protection on approximately 7 mmbbls of its forecasted 2019 Eagle Ford oil production at a premium to WTI of more than $6.00 per barrel. About Chesapeake Energy Based in Oklahoma City, Chesapeake Energy Corporation's (NYSE:CHK) -- http://www.chk.com/-- is an independent exploration and production company engaged in the acquisition, exploration and development of properties for the production of oil, natural gas and NGLs from underground reservoirs. Chesapeake owns a large and geographically diverse portfolio of onshore U.S. unconventional natural gas and liquids assets, including interests in approximately 17,300 oil and natural gas wells. T he Company has leading positions in the liquids-rich resource plays of the Eagle Ford Shale in South Texas, the Anadarko Basin in northwestern Oklahoma and the stacked pay in the Powder River Basin in Wyoming. Its natural gas resource plays are the Marcellus Shale in the northern Appalachian Basin in Pennsylvania, the Haynesville/Bossier Shales in northwestern Louisiana and East Texas and the Utica Shale in Ohio. Chesapeake reported net income attributable to the Company of $949 million for the year ended Dec. 31, 2017, following a net loss attributable to the Company of $4.39 billion for the year ended Dec. 31, 2016. As of Sept. 30, 2018, the Company had $12.65 billion in total assets, $2.97 billion in total current liabilities, $9.72 billion in total long-term liabilities, and a total deficit of $39 million. Chesapeake stated in its Quarterly Report for the period ended Sept. 30, 2018 that, "Even though we have taken measures to mitigate the liquidity concerns facing us for the next 12 months ... there can be no assurance that these measures will be sufficient for periods beyond the next 12 months. If needed, we may seek to access the capital markets or otherwise refinance a portion of our outstanding indebtedness to improve our liquidity. We closely monitor the amounts and timing of our sources and uses of funds, particularly as they affect our ability to maintain compliance with the financial covenants of our revolving credit facility. Furthermore, our ability to generate operating cash flow in the current commodity price environment, sell assets, access capital markets or take any other action to improve our liquidity and manage our debt is subject to the risks discussed above and elsewhere in our periodic reports and the other risks and uncertainties that exist in our industry, some of which we may not be able to anticipate at this time or control." CONTINENTAL WHOLESALE: Seeks to Hire McIntyre as Legal Counsel -------------------------------------------------------------- Continental Wholesale Diamonds, LLC, seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire McIntyre Thanasides Bringgold Elliott Grimaldi Guito & Matthews, P.A., as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; represent the Debtor in negotiations with potential financing sources; take all necessary actions to confirm a plan of reorganization; and provide other legal services related to its Chapter 11 case. McIntyre Thanasides received a retainer of $13,800. James Elliott, Esq., at McIntyre, disclosed in a court filing that he and other members of the firm do not hold any interest adverse to the Debtor's bankruptcy estate. The firm can be reached through: James W. Elliott, Esq. McIntyre Thanasides Bringgold Elliott Grimaldi Guito & Matthews, P.A. 500 E. Kennedy Blvd., Suite 200 Tampa, FL 33602 Phone: 813.223.0000 Fax: 813.899.6069 Email: james@mcintyrefirm.com About Continental Wholesale Diamonds Continental Wholesale Diamonds, LLC -- https://www.continentalwholesalediamonds.com/ -- is a wholesale jewelry manufacturer. Continental Wholesale Diamonds sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-11002) on Dec. 24, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The case has been assigned to Judge Catherine Peek McEwen. COOPER COS: S&P Withdraws 'BB+' Issuer Credit Rating ---------------------------------------------------- S&P Global Ratings withdrew its 'BB+' issuer credit rating on Pleasanton, Calif.-based Cooper Cos. Inc. at the issuer's request. At the same time, S&P withdrew its 'BB+' issue-level rating and '3' recovery rating on the company's senior unsecured debt. CURAE HEALTH: Asks Approval of Management Services Agreement ------------------------------------------------------------ Curae Health, Inc. and its debtor-affiliates ask the U.S. Bankruptcy Court for the Middle District of Tennessee to authorize them to enter into the Sixth Amendment to Hospital Management Agreement with Strategic Healthcare Resources, LLC, as the Manager, effective Jan. 1, 2019. A hearing on the Motion is set for Jan. 29, 2019 at 9:00 a.m. (CST). The objection deadline is Jan. 16, 2019. As of the Petition Date, the Debtors operated three hospitals in Mississippi that provide much needed inpatient and outpatient medical services to their respective communities. Debtor Curae and the Manager entered into the Hospital Management Agreement, dated Dec. 31, 2014, as amended by that certain First Amendment to Hospital Management Agreement, dated Sept. 1, 2015, as amended by that certain Second Amendment to Hospital Management Agreement, dated April 1, 2016, as amended by that certain Third Amendment to Hospital Management Agreement, dated May 1, 2017, as amended by that certain Fourth Amendment to Hospital Management Agreement, dated Nov. 1, 2017, and as further amended by that certain Fifth Amendment to Hospital Management Agreement, dated June 1, 2018, under which the Manager renders certain management, administration, consulting and purchasing services and support, and all other reasonably necessary management support needed for the Hospitals. In consideration for providing the Management Services, Curae pays the Manager a monthly management fee, which is calculated as a percentage of the Debtors' net revenue. Prior to December 2018, the monthly management fee was approximately $47,000. The Debtors filed these Chapter 11 Cases to, inter alia, keep the Hospitals open for the benefit of their respective communities and transition operations of the Hospitals to new operators. With the help of the Manager, the Debtors have made significant progress towards achieving those objectives in the first four months of these Chapter 11 Cases. However, by selling the Debtors' assets and transferring operations of the Hospitals, their net revenue has and will continue to decline significantly, causing the monthly management fee to also decline. The Management Services are critical to the success and administration of their Chapter 11 Cases. Because the sale and transition of the Debtors' Hospitals affects the calculation of the monthly management fee, Curae and the Manager seek to enter into the Sixth Amendment to allow the Manager to, inter alia, continue assisting the Debtors with the Chapter 11 Cases, transitioning the Hospitals, and winding down the Debtors' businesses in an orderly manner. Pursuant to the Sixth Amendment, Manager will provide Mr. Stephen N. Clapp to continue as President/CEO of Curae Health, support the transaction closings, oversee the wind-down of the Curae corporate offices including lease and asset disposition, and oversee any bankruptcy court activities related to Curae. Additionally, the Manager may, at its discretion, provide the services of one additional Business Analyst, as needed, at the Manager's expense. For the Management Services rendered pursuant to the Sixth Amendment, Curae proposes to pay the Manager a fixed fee of $40,000 per month due on or before the 10th day of each month beginning with Jan. 10, 2019. If Curae desires to have the Manager provide any additional services after the Agreement has been terminated, the parties will negotiate in good faith regarding the scope of additional services and the amount to be paid for those services. The Debtors believe that the Management Services are critical and necessary to the success of these Chapter 11 Cases and the Management Fee is reasonable under the circumstances. A copy of the Sixth Amendment attached to the Motion is available for free at: http://bankrupt.com/misc/Curae_Health_598_Sales.pdf The Manager: STRATEGIC HEALTHCARE RESOURCES, LLC 108 Leinart St. Clinton, TN 37716 Attn: Stephen N. Clapp About Curae Health Curae Health is a 501(c)(3) not-for-profit health system formed to address the needs of rural healthcare. Focusing on rural community hospitals in the Southeastern US, Curae collaborates with medical staff and communities to add new services and upgrade the facilities, alleviating the need for patients to travel long distances for their healthcare needs. On Aug. 24, 2018, Curae Health, Inc., and its affiliates sought Chapter 11 protection (Bankr. M.D. Tenn. Lead Case No. 18-05665). Curae Health estimated $10 million to $50 million in total assets and $50 million to $100 million in total liabilities. The cases are assigned to Judge Charles M. Walker. The Debtors tapped Polsinelli PC as counsel; Glassratner Advisory & Capital Group LLC, as financial advisors; Egerton McAfee Armistead & Davis, P.C., as special counsel; Morgan Stanley as investment banker; and BMC Group, Inc., as claims and noticing agent. DOUBLE L FARMS: Proposes an Auction or Private Sale of Cull Cows ---------------------------------------------------------------- Double L Farms, Inc., asks the U.S. Bankruptcy Court for the District of Idaho to authorize the sale of cull cows that are no longer producing calves, milk, and/or are old or ill and/or are not generating revenue sufficient to cover their cost of feed on an ongoing basis at public auction or private sale. Objections, if any, must be filed within 21 days the Notice was served. Over the course of time, cows generally no longer produce adequate milk, are unable to care for calves, or in general become unable to thrive for a variety of reasons. As such, they are considered "cull" cows, with no future value for the Debtor other than for sale to the auction. The Debtor typically culls its dairy and beef herds on an on-going basis, in the ordinary course of business, evaluates its dairy and beef herds on an ongoing basis, by comparing production and/or health with the cost of feeding each animal. It asks authority to sell such cull cows on an ongoing basis in the ordinary course of business in order maintain and maximize the efficiency of its operation. The Creditors asserting an interest in the cows are: a. Young & Young Livestock, LLC: 385 head Dairy Cattle b. Zions First National Bank: Farm Products (including livestock, born and unborn, Livestock subject to the foregoing security interest includes, but is not limited to, animals without brands and those bearing the ollowing brand: 0069708-U RRC, 0066594-P RSHC and 0070860-X RSHC) c. Zions First National Bank: Beef Cattle and Calves d. Zions First National Bank: Farm Products (including livestock, born and unborn, Livestock subject to the foregoing security interest includes, but is not limited to, animals without brands and those bearding the following brand: 0069708-U RRC, 0066594-P RSHC and 0070860-X RSHC) e. ZB, N.A., doing business as Zions First National Bank: Beef Cattle and Calves Dairy Cattle f. Intermountain Farmers Association: Beef Cattle/Calves and Dairy Cattle g. Intermountain Farmers Association: Farm Products In reviewing the Motion with the counsel for Zion’s Bank, Zion’s has indicated its belief that it may hold a lien senior to Young & Young Lifestock, and others in the dairy herd. As such, the Debtor proposes to pay the expenses of the sales and then deposit the remaining proceeds in the Debtor counsel's trust account pending further order of the Court. The Debtor further asks that the 14-day stay under Rule 6004(h) not apply to the Order. About Double L Farms Double L Farms, Inc., is a privately-held company in Rigby, Indiana, that operates in the farming industry. Double L Farms sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Idaho Case No. 18-40910) on Oct. 9, 2018. In the petition signed by Jared Keith Lewis, president, the Debtor estimated assets of $1 million to $10 million and liabilities of $10 million to $50 million. Judge Joseph M. Meier presides over the case. The Debtor tapped Maynes Taggart PLLC as its legal counsel. DREAM MOUNTAIN: Trustee Hires Smith, Elliot, Kearns as Accountant ----------------------------------------------------------------- Aaron C. Amore, the Chapter 11 trustee of Dream Mountain Ranch, LLC, seeks authority from the U.S. Bankruptcy Court for the Northern District of West Virginia to retain John P. Lantzy, CPA, and the firm of Smith, Elliot, Kearns & Company, LLC, as accountant. The Trustee requires the professional services of an Accountant for tax advice and tax preparation services. SEK's hourly rates are: John P. Lantzy, CPA $125 Staff $90 to $110 Secretaries $65 to $75 John P. Lantzy, CPA, accountant with Smith, Elliot, Kearns & Company, disclosed in a court filing that he and his firm are "disinterested" as defined in section 101(14) of the Bankruptcy Code. The accountant can be reached at: John P. Lantzy, CPA Smith, Elliot, Kearns & Company, LLC 19405 Emerald Square, Suite 1400 Hagerstown, MD 21742 Phone: 301-733-5020 Fax: 301-733-1864 About Dream Mountain Ranch Dream Mountain Ranch, LLC, is a privately-held company that owns a deer and elk hunting game area in North Central West Virginia. It offers 15 hunting stands and still hunts scattered across a 1,000-plus acres property. It offers lodge featuring four bedrooms, three baths, a full-sized kitchen, wrap around porch, and a hot tub. The area also features several activities guest can enjoy including the Ohiopyle State Park, Falling Water, Blackwater Falls, and Coopers Rock. Dream Mountain Ranch sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. W.Va. Case No. 17-01051) on Oct. 27, 2017. In the petition signed by managing member Dietrich Steve Fansler, the Debtor disclosed $5.02 million in assets and $2.53 million in liabilities. Judge Patrick M. Flatley presides over the case. The Debtor hired Gianola, Barnum, Bechtel & Jecklin, L.C. as its legal counsel; Dietrich Fansler as its managing agent; and Tetrick & Bartlett, PLLC as its accountant. On Jan. 18, 2018, Aaron C. Amore was appointed as the Chapter 11 Trustee of Dream Mountain Ranch. The Trustee retained his own firm, Amore Law, PLLC, as counsel. DUMITRU MEDICAL: $100K Sale of Sandulescu's Cleveland Property OK'd ------------------------------------------------------------------- Judge Mark A. Randon of the U.S. Bankruptcy Court for the Eastern District of Michigan authorized the private sale by Dumitru Medical Center, P.C., Doctor One Housecall Physicians, P.C. and Dumitru O. Sandulescu, of Sandulescu's real property located at 3332 144th Street, Cleveland, Ohio to Ryan Summers for $100,000. The sale is free and clear of all Liens, Claims, and Encumbrances, with all such Liens, Claims, and Encumbrances to attach only to the proceeds of the Sale of the Property. Notwithstanding Bankruptcy Rules 6004 and 6006, the Order will be effective and enforceable immediately upon entry and its provisions will be self-executing. Time is of the essence in closing the Sale referenced herein, and the Debtor and Ryan Summers intend to close the Sale on Dec. 28, 2018. Any party objecting to this Order must exercise due diligence in filing an appeal and pursuing a stay, or risk its appeal being foreclosed as moot. About Dumitru Medical Center Dumitru Medical Center PC, Doctor One House Call Physicians PC and their president Dumitru O. Sandulescu sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Lead Case No. 18-52936) on Sept. 21, 2018. In the petitions signed by Mr. Sandulescu, DMC, estimated assets of less than $1 million and liabilities of less than $1 million. Doctor One estimated less than $1 million in assets and less than $500,000 in liabilities. The Debtors tapped Lynn M. Brimer, Esq., at Strobl & Sharp, PC, as their bankruptcy counsel. On Oct. 2, 2018, the Court approved Howard Hanna R.E.S. as the Debtors' real estate broker. DYNALYST CORP: Seeks Additional 60-Day Exclusivity Period Extension ------------------------------------------------------------------- Dynalyst Corporation requests the U.S. Bankruptcy Court for the Western District of Texas for an additional 60-day period of exclusivity in which to file its disclosure statement and plan. The due date for Debtor's chapter 11 disclosure statement and plan was Oct. 31, 2018 but upon Debtor's motion for extension of exclusivity period filed on that date, the Court granted additional time and ordered that the Debtor's Plan and Disclosure Statement be filed on or before Dec. 30, 2018. During said extension of time, the Debtor has diligently sought to finalize arrangements with its potential new primary lender. However, the Debtor contends that delay partly due to individuals' holiday schedules have limited the efforts of the potential lender to complete its due diligence efforts and recent changes in interest rates have required the parties to revisit tentative agreements before final terms could be presented to the Court. The Debtor believes it best serves the interest of the estate, the claimants and creditors to allow it additional time to complete the refinancing process and obtain permission of the Court for the proposed financing arrangements. The Debtor represents that its cash flow is stabilized, and it is operating with a positive cash flow for monthly operating expenses. The Debtor believes it has re-established itself in its market area and will continue to operate as a stable entity. Although the Debtor has drafted an operating plan, the Debtor believes, however, that the disclosure statement would be incomplete without final terms from the new prospective lender. About Dynalyst Corporation Dynalyst Corporation -- http://www.dynalyst.com/-- is a manufacturing company that produces custom ATE interface printed circuit boards (PCBs), fundamental to the testing of integrated circuits. It was founded in early 2002 and is headquartered in Taylor, Texas. Dynalyst sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 18-10860) on July 2, 2018. In the petition signed by Craig T. Takacs, president, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. Judge Tony M. Davis presides over the case. The Debtor tapped Larry Vick, Esq., as its legal counsel. EST GROUP: Seeks to Hire Whitaker Chalk as Legal Counsel -------------------------------------------------------- EST Group, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Whitaker Chalk Swindle & Schwartz, PLLC, as its legal counsel. The firm will advise the Debtor regarding legal issues related to the administration of its bankruptcy estate; assist the Debtor in any potential sale of its assets; help obtain financing; assist in the preparation of a plan of reorganization; and provide other legal services related to its Chapter 11 case. The firm will charge at these hourly fees: Robert Simon Member $475 Brandon Scot Pierce Member $375 Associates $200 - $275 Bonnie Peck Paralegal $125 Caroline Tower Paralegal $50 Whitaker's hourly rates for attorneys may increase by $25 per hour this month, according to court filings. The firm received a pre-bankruptcy retainer of $75,000. The firm is "disinterested" as defined in section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Robert A. Simon, Esq. Brandon Scot Pierce, Esq. Whitaker Chalk Swindle & Schwartz, PLLC 301 Commerce Street, Suite 3500 Fort Worth, TX 76102 Telephone: (817) 878-0543 / (817) 878-0564 Facsimile: (817) 878-0501 E-mail: rsimon@whitakerchalk.com E-mail: spierce@whitakerchalk.com About EST Group LLC EST Group, LLC is an IT solutions company that provides integration and consulting services tailored around automating, managing, and securing an organization's IT environment. EST Group sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 18-45031) on December 26, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The case has been assigned to Judge Mark X. Mullin. Whitaker Chalk Swindle & Schwartz, PLLC, is the Debtor's counsel. FAIRGROUNDS PROPERTIES: Taps Linx Commercial as Realtor ------------------------------------------------------- Fairgrounds Properties, Inc., received approval from the U.S. Bankruptcy Court for the District of Utah to hire realtor Linx Commercial Real Estate. The firm will assist the Debtor in the sale and marketing of its real property in Hurricane, Utah. Linx will get a commission of 6% of the sale price of the property. Travis Parry, a realtor employed with Linx, disclosed in a court filing that the firm does not hold any interest adverse to the interest of the Debtor. The firm can be reached through: Travis J. Parry Linx Commercial Real Estate 2 St. George Boulevard, Suite 10 UT 84770 Phone: 435-359-4901 / 435.359.4900 Email: travis@linxcre.com About Fairgrounds Properties In 2007, Fairgrounds Properties, Inc., purchased 86 acres of real property located in Hurricane, Utah. It developed the property into industrial lots and then sold them further construction and development by purchasers. Through various sales over the years, as of Oct. 25, 2017, Fairgrounds is left with 31 acres, which have been divided up into 19 lots. The Company has completed the entire infrastructure of remaining land including; completion of gutters, paved entries and sewer. The company previously sought bankruptcy protection (Bankr. D. Utah Case No. 11-26803) in 2011. Fairgrounds Properties' prior Plan of Reorganization dated Dec. 8, 2011, was confirmed by Judge William T. Thurman at the confirmation hearing held on April 5, 2012. Fairgrounds Properties filed a Chapter 11 petition (Bankr. D. Utah Case No. 17-29271) on Oct. 25, 2017. In the petition signed by Robert C. Stevens, its president, the Debtor estimated $1 million to $10 million in both assets and liabilities. Darren B. Neilson, Esq., at Neilson Law, LLC, serves as bankruptcy counsel to the Debtor. FALLING BRANCH: Taps James Schwitalla as Legal Counsel ------------------------------------------------------ Falling Branch Farms, LLC received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire The Bankruptcy Law Offices of James Schwitalla, PA, as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; represent the Debtor in negotiation with its creditors in the preparation of a bankruptcy plan; and provide other legal services related to its Chapter 11 case. James Schwitalla, Esq., at Schwitalla, disclosed in a court filing that he and his firm neither hold nor represent any interest adverse to the Debtor's bankruptcy estate. The firm can be reached through: James Schwitalla, Esq. The Bankruptcy Law Offices of James Schwitalla, PA 12954 SW 133 Ct Miami, FL 33186 Tel: (305) 278-0811 Fax: (305) 278-0812 Email: jwscmecf@bellsouth.net Email: jws@miamibkc.net About Falling Branch Farms Falling Branch Farms, LLC, owns 58 acres of land featuring a farm with plantation, house, and out-buildings. The property is valued by the company at $18 million. Falling Branch Farms sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-24407) on Nov. 19, 2018. At the time of the filing, the Debtor disclosed $18,000,100 in assets and $2,764,771 in liabilities. The case has been assigned to Judge Erik P. Kimball. GEORGIA ANESTHESIA: Seeks Feb. 28 Solicitation Period Extension --------------------------------------------------------------- Northeast Georgia Anesthesia Services, Inc., and affiliates ask the U.S. Bankruptcy Court for the Northern District of Georgia for an extension of the exclusive period during which the Debtors may solicit acceptances of their proposed Chapter 11 plan, from Dec. 31, 2018, through and including Feb. 28, 2019, to allow for the mid-February confirmation hearing. The Debtors filed their Joint Chapter 11 Plan of Reorganization and Disclosure Statement on July 12, 2018, which was subsequently amended on Aug. 28, 2018. The Disclosure Statement was approved by Order of the Court on Sept. 27, 2018, after a Sept. 24 amendment. The Confirmation Hearing was set for Dec. 4, 2018. The Debtors also requested an extension of the 180-day Deadline, which the Court granted through and including Dec. 31, 2018. They continued to negotiate with their creditors regarding the Chapter 11 Plan, ultimately resolving objections to Confirmation, resulting in two additional Plan amendments in November 2018. However, due to anticipated cash flow issues due to the seasonality of Debtors' businesses in early 2019, the Debtors requested a continuance of the Confirmation Hearing to February 12, 2019. About 24 Amherst 24 Amherst, LLC, is a real estate company based in Winder, Georgia. Northeast Georgia Anesthesia Services Inc. is a medical group specializing in interventional pain management, anesthesiology, pain management, addiction medicine, physical medicine and rehabilitation. Holladay Holdings owns three pieces of commercial real property, located at these addresses: (1) 1503 Professional Court, Dalton, Georgia ("Dalton Property"); (2) 1620 Prince Avenue, Athens, Georgia ("Athens Property"); and (3) 1638 Prince Avenue, Athens, Georgia ("HQ Property"). Holladay Holdings rents the Dalton and Athens Property to Northeast, which operates a pain and recovery practice in each of the properties. Holladay Holdings rents the HQ Property to Northeast, where Northeast's headquarters is presently located. 24 Amherst, LLC and its affiliates sought Chapter 11 protection (Bankr. N.D. Ga. Case No. 17-22188) on Nov. 14, 2017. Janene D. Holladay, its member, signed the petitions. The Hon. James R. Sacca oversees these cases. Anna Mari Humnicky, Esq., at Cohen Pollock Merlin & Small, P.C., is the Debtor's counsel. J. Allen Sermour, CPA PC, serves as the Debtors' accountant. GLANSAOL HOLDINGS: Seeks to Hire Willkie Farr as Legal Counsel -------------------------------------------------------------- Glansaol Holdings, Inc., seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Willkie Farr & Gallagher LLP as its legal counsel. The firm will advise the company and its affiliates regarding their duties under the Bankruptcy Code; assist in any potential sale of their assets; prosecute actions to protect their bankruptcy estate; and provide other legal services related to their Chapter 11 cases. Willkie Farr charges these hourly fees: Partners $1,070 - $1,600 Counsel $1,070 - $1,600 Associates $370 - $1,050 Other Attorneys $370 - $1,050 Paraprofessionals $250 - $410 The firm received $1,417,519, which included a retainer in the 90 days prior to the Debtors' bankruptcy filing. Brian Lennon, Esq., at Willkie Farr, disclosed in a court filing that his firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. Willkie Farr can be reached through: Brian S. Lennon, Esq. Daniel I. Forman, Esq. Andrew S. Mordkoff, Esq. Willkie Farr & Gallagher LLP 787 Seventh Avenue New York, NY 10019 Telephone: (212) 728-8000 Facsimile: (212) 728-8111 E-mail: blennon@willkie.com E-mail: dforman@willkie.com E-mail: amordkoff@willkie.com About Glansaol Holdings Headquartered in New York, Glansaol Holdings and its subsidiaries are an independent prestige beauty and personal care companies. On Dec. 19, 2018, Glansaol Holdings Inc. and seven of its subsidiaries filed voluntary Chapter 11 petitions (Bankr. S.D. N.Y. Lead Case No. 18-14102). The Debtors estimated assets and liabilities of $10 million to $50 million. The Debtors tapped Willkie Farr & Gallagher LLP as legal counsel; Emerald Capital Advisors as financial advisor; and Omni Management Group Inc. as claims and noticing agent. GRATE ENTERPRISES: Taps Service Plus as Accountant -------------------------------------------------- Grate Enterprises, Inc., received approval from the U.S. Bankruptcy Court for the Northern District of West Virginia to hire Service Plus, Inc., as its accountant. The firm will assist the Debtor with its financial reporting and will provide other accounting services in connection with its Chapter 11 case. John Witt, the accountant employed with Service Plus who will be providing the services, will charge an hourly fee of $125. Mr. Witt neither represents nor holds any interest adverse to the Debtor's bankruptcy estate, according to court filings. Service Plus can be reached through: John Witt Service Plus, Inc. P.O. Box 893 Morgantown, WV 26507 About Grate Enterprises Grate Enterprises, Inc., is a franchisee of the Denny's Restaurant. It owns in fee simple a building currently operated as Denny's Restaurant and 1.194 acres SUR or Lot 3 Evansville Pike, First Ward District in Monongalia County, West Virginia. The property has an appraisal value of $2.5 million. Grate Enterprises sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. W.Va. Case No. 18-01069) on Nov. 22, 2018. At the time of the filing, the Debtor disclosed $2,856,754 in assets and $1,995,792 in liabilities. The Hon. Patrick M. Flatley is the case judge. The Debtor tapped Gianola, Barnum, Bechtel & Jecklin, LC as its legal counsel. GREEN GROUP: Case Summary & 11 Unsecured Creditors -------------------------------------------------- Debtor: Green Group 11 LLC 1202 Halsey Street Brooklyn, NY 11207 Business Description: Green Group 11 LLC is the owner and operator of a grocery store located at 220 Greene Avenue Brooklyn, NY 11238. Chapter 11 Petition Date: January 8, 2019 Court: United States Bankruptcy Court Eastern District of New York (Brooklyn) Case No.: 19-40115 Judge: Hon. Nancy Hershey Lord Debtor's Counsel: Ira R. Abel, Esq. LAW OFFICES OF IRA R. ABEL 305 Broadway, 14th Floor New York, NY 10007 Tel: 212-799-4672 Email: iraabel@verizon.net Total Assets: $6,000 Total Liabilities: $1,895,562 The petition was signed by Michael Kandhorov, manager. A full-text copy of the petition containing, among other items, a list of the Debtor's 11 unsecured creditors is available for free at: http://bankrupt.com/misc/nyeb19-40115.pdf HKD TREATMENT: Spencer Buying 2012 Ford Fusion for $4.5K -------------------------------------------------------- HKD Treatment Options, P.C. filed a notice with the U.S. Bankruptcy Court for the District of Massachusetts of its proposed private sale of its right, title and interest in a 2012 Ford Fusion, VIN 3FAHPOJA6CR219464, to Kelly R. Spencer for $4,500. A hearing on the Motion is set for Jan. 25, 2019 at 11:00 a.m. The objection deadline is Jan. 23, 2019 at 12:00 p.m. The relationship of the proposed Buyer to the Debtor is that the Buyer is a tenant at 21 George Street, Lowell MA, the same building in which the Debtor is located. The Sale will take place immediately upon entry of an Order granting the Debtor's Motion for Order Authorizing and Approving Private Sale of Property of the Estate filed contemporaneously with the Notice. T he proposed Buyer has paid the sum of $4,500. The terms of the proposed sale are more particularly described in a Motion for Order Authorizing and Approving Private Sale of Property of the Estate filed with the Court on Dec. 24, 2017. The Property will be sold free and clear of all liens, claims and encumbrances. Any perfected, enforceable valid liens will attach to the proceeds of the sale according to priorities established under applicable law. The deposit will be forfeited to the estate if the successful purchaser fails to complete the sale by the date ordered by the Court, unless an extension has been granted. If the sale is not completed by the buyer approved by the Court, the Court, without further hearing, may approve the sale of the Property to the next highest bidder. Any questions concerning the intended sale will be addressed to the Debtor's counsel. About HKD Treatment Options Based in Lowell, Massachusetts, HKD Treatment Options, P.C. -- http://www.hkdtreatmentoptions.com/-- provides behavioral health counseling and treatment plans to help patients recover from alcohol and drug addiction. HKD Treatment Options filed a Chapter 11 petition (Bankr. D. Mass. Case No. 17-41895) on Oct. 20, 2017. In the petition signed by Hung K. Do, president and director, the Debtor estimated less than $50,000 in assets and $1 million to $10 million in liabilities. Judge Elizabeth D. Katz presides over the case. The Debtor hired Richard A. Mestone, Esq., at Mestone & Associates LLC as its bankruptcy counsel; Good Schneider & Fried as its special counsel; and Dennis and Associates as its accountant. HUFFERMEN INC: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- No official committee of unsecured creditors has been appointed in the Chapter 11 case of Huffermen Inc. as of Jan. 7, according to a court docket. About Huffermen Inc. Huffermen, Inc., is in the business of plastic bottle manufacturing and advertising specialties printing and has been in operation since 2000. Huffermen is owned and operated by Ross Dodson and Eric Miller. Mr. Dodson owns 75% of the outstanding shares in Huffermen and Mr. Miller owns the remaining shares. Huffermen, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 18-14369) on Nov. 26, 2018. In the petition signed by Ross Dodson, president, the Debtor estimated assets and liabilities of $500,000 to $1 million. Keery McCue, PLLC, is the Debtor's counsel. INPIXON: Updates the Terms of Previously Announced Rights Offering ------------------------------------------------------------------ Inpixon has adjusted certain pricing information for its previously announced rights offering. The subscription period for the rights offering will still expire at 5:00 p.m. Eastern time on Jan. 11, 2019, unless extended by the Company. The unit pricing remains $1,000 per unit, consisting of one share of Series 5 Convertible Preferred Stock with a stated value of $1,000 (and immediately convertible into shares of Inpixon's common stock) and warrants to purchase Inpixon's common stock. The Series 5 Convertible Preferred Stock conversion price will now be $3.33 and each unit will now consist of 300 warrants to purchase Inpixon's common stock at an adjusted exercise price of $3.33 per share. The warrants will still be exercisable for 5 years after the date of issuance. Inpixon has applied to list the warrants on the Nasdaq Capital Market, although there is no assurance that a sufficient number of subscription rights will be exercised so that the warrants will meet the minimum listing criteria to be accepted for listing on the Nasdaq Capital Market under the symbol "INPXW." If exercising subscription rights through a broker, dealer, bank or other nominee, rights holders should promptly contact their nominee and submit subscription documents and payment for the units subscribed for in accordance with the instructions and within the time period provided by such nominee. The broker, dealer, bank or other nominee may establish a deadline before Jan. 11, 2019, by which instructions to exercise subscription rights, along with the required subscription payment, must be received. All record holders of rights that wish to participate in the rights offering must deliver a properly completed and signed subscription rights statement, together with payment of the subscription price for both basic subscription rights and any over subscription privilege election for delivery no later than 5:00 p.m. Eastern Time on Jan. 11, 2019 to the Subscription Agent: By mail: Broadridge Corporate Issuer Solutions, Inc. Attn: BCIS Re-Organization Dept. P.O. Box 1317 Brentwood, New York 11717-0693 (888) 789-8409 (toll free) By hand or overnight courier: Broadridge Corporate Issuer Solutions, Inc. Attn: BCIS IWS 51 Mercedes Way Edgewood, New York 11717 (888) 789-8409 (toll free) Under the rights offering, Inpixon distributed one non-transferable subscription right for each share of common stock, preferred stock and each participating warrant (on an as-if-converted-to-common-stock basis) held on the record date. The subscription rights are exercisable for up to an aggregate of $10.0 million of units, subject to increase at the discretion of the Company, with aggregate participation to be allocated among holders, subject to certain participation rights, on a pro rata basis if in excess of that threshold. Under the rights offering, Inpixon distributed one non-transferable subscription right for each share of common stock, preferred stock and each participating warrant (on an as-if-converted-to-common-stock basis) held on the record date. The subscription rights are exercisable for up to an aggregate of $10.0 million of units, subject to increase at the discretion of the Company, with aggregate participation to be allocated among holders, subject to certain participation rights, on a pro rata basis if in excess of that threshold. Under the rights offering, Inpixon distributed one non-transferable subscription right for each share of common stock, preferred stock and each participating warrant (on an as-if-converted-to-common-stock basis) held on the record date. The subscription rights are exercisable for up to an aggregate of $10.0 million of units, subject to increase at the discretion of the Company, with aggregate participation to be allocated among holders, subject to certain participation rights, on a pro rata basis if in excess of that threshold. Holders who fully exercise their basic subscription rights will be entitled, if available, to subscribe for an additional amount of units that are not purchased by other holders, on a pro rata basis and subject to the $10.0 million aggregate offering threshold and other ownership limitations. Inpixon has engaged Maxim Group LLC as dealer-manager for the rights offering. Questions about the rights offering or requests for the prospectus supplement and accompanying prospectus may be directed to Broadridge Corporate Issuer Solutions, Inc., Inpixon's information and subscription agent for the rights offering, by calling (888) 789-8409 (toll-free); or to Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174, Attention: Syndicate Department, email: syndicate@maximgrp.com or telephone: (212) 895-3745. A registration statement on Form S-3 relating to these securities has been filed by the Company with the SEC. The rights offering will only be made by means of a prospectus supplement and accompanying prospectus. A prospectus supplement relating to and describing the proposed terms of the rights offering has been filed with the SEC as a part of the registration statement and is available on the SEC's web site. 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). IX DESIGN BUILDERS: Plan Confirmation Hearing Continued to Jan. 28 ------------------------------------------------------------------ IX Design Builders, LLC, filed a first amended Chapter 11 Plan. The hearing to consider confirmation of the Plan will be held on Jan. 28, 2019 at 09:00 AM at Omaha Courtroom-Telephonic Hearing. The last day to object to confirmation is Jan. 18. Class 3 - Unsecured Claims. The Debtor reserve all the rights to object to any of these claims and the amount thereof. Class 3A consists of any Allowed unsecured claims. If the plan is accepted by the creditors in this class Debtor proposes to pay unsecured Claims 10c pro rata per dollar amount of the claim to be paid over a period of 3 years with the first payment to made one year from the date of confirmation of the plan and on the same date thereafter for 2 more years. Class 2 - Secured Claims. Secured Claims shall retain their liens upon the property or the proceeds from the sale pledged as collateral except as limited therein. The Debtor shall be allowed to prepay at any time without penalty premium. Class 2A consists of the claim of First National Bank. Class 2B consists of claim of NebCo. Class 2C consists of the claim of Consumers Coop FCU. Class 2A consists of the claim of First National Bank which claim has been treated as a secured creditor to the extent of the value of its pledged collateral. The holder of the Class 2A Allowed Claim, holds security interest in real property. This claim will be treated as a secured creditor to the extent of the value of its pledged collateral amount of $125,015.00. The balance of the claim after the allowance on the value of the real estate and trailer shall be treated as unsecured claim. The secured claim shall be amortized over 30 years at 7% interest to be paid in monthly installments of $832.00 with the first such payment to be no later than October 31, 2018 until October 31, 2028. Class 2B: The holder of the Class 2B Allowed Claim, Nebco, holds a security interest on real estate and has filed a secured claim in the amount of $145,160.06. Said claim plus accrued interest shall be reamortized over 30 years at the current Till rate of 7.5% with a balloon payment on July 1, 2030 and for the interest to be adjusted to the Till rate on the 60th and 120th months of the amortization schedule with monthly payments to commence on or before March 1, 2019. The secured creditor Consumer Coop FCU has obtained relief from the automatic stay and has taken possession of the collateral which was subject of said debt. The Debtor will make payments from the continued construction operations for Ryan Reynolds, owner of the Debtor, and personal capital contributions from Ryan Reynolds as needed to effectuate the terms of the plan. A full-text copy of the Disclosure Statement dated December 17, 2018, is available at: http://bankrupt.com/misc/neb18-1840373TLS-68.pdf IX Design Builders, LLC, a small residential construction and remodeling company, filed for chapter 11 bankruptcy protection (Bankr. D. Neb. Case No. 18-4037) on March 8, 2018, and is represented by John C. Hahn, Esq. of Wolfe, Snowden, Hurd, Luers & Ahl, LLP. JAGUAR HEALTH: Provides Q4 2018 Commercial Sales Updates -------------------------------------------------------- Jaguar Health, Inc. announced commercial sales updates for the fourth quarter ended Dec. 31, 2018. Human health commercial highlights for the three-month period ended Dec. 31, 2018: * Mytesi net sales in Q4'18 expected to exceed Q3'18 net sales by 40% * Mytesi gross sales in Q4'18 expected to exceed Q3'18 gross sales by 37% * Q4'18 Mytesi gross and net sales expected to exceed Q4'17 gross and net sales by approximately 136% and approximately 123%, respectively Although financial figures for the fourth quarter of 2018 have not yet been audited, the Company expects Mytesi gross sales for the fourth quarter to be approximately $2.18 million, and Mytesi net sales to be approximately $1.55 million, representing growth of 37% and 40% in gross and net sales respectively compared to the third quarter of 2018, and an acceleration of the increase of 36% and 28% of gross and net sales respectively that Jaguar achieved in the third quarter of 2018 over the second quarter of 2018. Overall, annual gross sales for 2018 are expected to be approximately $5.726 million, and annual Mytesi net sales for 2018 are expected to be approximately $4.0 million. Compared to the fourth quarter of 2017, Mytesi gross and net sales increased approximately 136% and approximately 123% respectively in the fourth quarter of 2018. Mytesi gross sales are reduced by Medicare, ADAP, 340B chargebacks, returns, and wholesale distribution fees based on historical trends to determine the estimated net sales. Total Mytesi prescription volume, which is the combination of new prescriptions and refills, as reported by IQVIA, grew 19.8% in October and November of 2018 versus the prior two-month period, and increased 122% over the same two-month period last year. "While we're not providing guidance for 2019 at this time, our consistent and encouraging quarter-on-quarter growth indicates the likelihood of meaningfully greater sales this year and, importantly, increasing medically-appropriate utilization of Mytesi in the patient population," Lisa Conte, Jaguar's president and chief executive officer, commented. "The policies and processes we've established that underpin these results remain in place and are clearly working. Additionally, we are very encouraged by the fact that our results are catching the eye of Wall Street, as exemplified by the initiation of coverage of Jaguar by Dawson James Securities last week." The Company will report full financial, operational and pipeline development updates for the fourth quarter of 2018 after the Company's annual report on Form 10-K for the year ended Dec. 31, 2018 has been filed with the Securities and Exchange Commission. The Company expects to file its Form 10-K in mid-February 2019. About Jaguar Health Jaguar Health, Inc. -- http://www.jaguar.health/-- is a commercial stage natural-products pharmaceuticals company focused on developing novel, sustainably derived gastrointestinal products on a global basis. Its wholly-owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary human gastrointestinal pharmaceuticals for the global marketplace from plants used traditionally in rainforest areas. Jaguar Health's principal executive offices are located in San Francisco, California. Jaguar Health reported a net loss of $21.96 million for the year ended Dec. 31, 2017, compared to a net loss of $14.73 million for the year ended Dec. 31, 2016. As of Sept. 30, 2018, Jaguar Health had $46.12 million in total assets, $26.79 million in total liabilities, $9 million in series A convertible preferred stock, and total stockholders' equity of $10.32 million. BDO USA, LLP, in San Francisco, Calif., issued a "going concern" opinion in its report on the consolidated financial statements for the year ended Dec. 31, 2017, stating that the Company has suffered recurring losses from operations and an accumulated deficit that raise substantial doubt about its ability to continue as a going concern. JAMES FOODS: Bankruptcy Administrator to Form Committee ------------------------------------------------------- William Miller, U.S. bankruptcy administrator, on Jan. 8 filed with the U.S. Bankruptcy Court for the Middle District of North Carolina a notice of opportunity to serve on the official committee of unsecured creditors in James Foods, Inc.'s Chapter 11 case. Unsecured creditors willing to serve on the committee are required to file a response within 10 days from Jan. 8. An organizational meeting will be scheduled after the committee is appointed, according to the filing. Mr. Miller can be reached through: Susan O. Gattis 101 S. Edgeworth Street Greensboro, NC 27401 Fax: 336-291-9913 Email: susan_gattis@ncmba.uscourts.gov About James Foods Inc. James Foods, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 19-10017) on January 8, 2019. At the time of the filing, the Debtor had estimated assets of less than $500,000 and liabilities of $1,000,001 to $10 million. The case has been assigned to Judge Catharine R. Aron. JAMES FOODS: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: James Foods, Inc. fdba James Foods Franchise Corporation of America, Inc. fdba James Foods Home Delivery, Inc. 611 E. Gilbreath St. Graham, NC 27253 Business Description: James Foods, Inc. is a multi-faceted food manufacturer based in Graham, North Carolina specializing in a full line of foodservice and retail frozen gourmet entrees and desserts, including chicken pies, lasagnas, pasta dishes, casseroles, and cobblers. Chapter 11 Petition Date: January 8, 2019 Court: United States Bankruptcy Court Middle District of North Carolina (Greensboro) Judge: Hon. Catharine R. Aron Debtor's Counsel: Dirk W. Siegmund, Esq. IVEY, MCCLELLAN, GATTON, & SIEGMUND, LLP Suite 500 100 S. Elm St. P.O. Box 3324 Greensboro, NC 27402-3324 Tel: 336-274-4658 Fax: 336-274-4540 Email: dws@iveymcclellan.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Charles T. James, president. A full-text copy of the petition containing, among other items, a list of the Debtor's 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/ncmb19-10017.pdf JAZPAL LLC: Feb. 13 Disclosure Statement Hearing ------------------------------------------------ The hearing to consider the approval of the Disclosure Statement explaining Jazpal, LLC's Chapter 11 Plan, will be held in Courtroom 9D of the U.S. Bankruptcy Court, U.S. Courthouse, 101 West Lombard Street, Baltimore, Maryland 21201, on February 13, 2019, at 11:00 AM. January 23, 2019, is fixed as the last day for filing and serving written objections to the Disclosure Statement. Under the plan, each holder of an Allowed Class 4 General Unsecured Claim will receive a Pro Rata distribution from a monthly payment of $2,000 until Class 4 Claims are paid in full, with interest at the legal rate. Class 4 is unimpaired by the Plan. On the Effective Date, all Assets of the Debtor will be deemed to be the property of and vest in the Reorganized Debtor, free and clear of all liens, claims, encumbrances or interests, subject only to the liens and security interests of the holders of Allowed Claims in Classes 1, and 2. The Plan will be funded by rent paid to the Debtor from MBGC, LLC. The Reorganized Debtor has no current plans to market its real property. A copy of the Disclosure Statement is available at https://tinyurl.com/y8h6tubs from Pacermonitor.com at no charge. About Jazpal LLC Jazpal, LLC, a single asset real estate, owns a commercial real property in Harford County Maryland known as 1827 Mountain Road, Joppa MD. The property consists of several lots and two leasehold interests. Jazpal, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 18-21681) on Sept. 4, 2018. At the time of the filing, the Debtor estimated assets and debt of $1 million to $10 million. Judge David E. Rice presides over the case. The Law Offices of David W. Cohen is the Debtor's counsel. KADMON HOLDINGS: Vivo Opportunity Has 7.9% Stake as of Jan. 7 ------------------------------------------------------------- In a Schedule 13G/A filed with the Securities and Exchange Commission, Vivo Opportunity, LLC disclosed that as of Jan. 7, 2019, it beneficially owns 8,970,242 shares of common stock of Kadmon Holdings, Inc., which represents 7.9 percent based on on 113,130,817 shares of Common Stock of the Company outstanding as of Nov. 5, 2018, as reported on the Issuer's quarterly report on Form 10-Q for the quarter ended Sept. 30, 2018, filed with the SEC on Nov. 9, 2018. Vivo Capital VIII, LLC also reported beneficial ownership of 3,636,363 Common Shares or 3.2 percent. A full-text copy of the regulatory filing is available for free at: https://is.gd/nni6Dd About Kadmon Holdings Based in New York, Kadmon Holdings, Inc. -- http://www.kadmon.com/ -- is a fully integrated biopharmaceutical company developing innovative product candidates for significant unmet medical needs. The Company's product pipeline is focused on inflammatory and fibrotic diseases. Kadmon Holdings reported a net loss attributable to common stockholders of $81.69 million in 2017, a net loss attributable to common stockholders of $230.5 million in 2016, and a net loss attributable to common stockholders of $147.1 million in 2015. As of Sept. 30, 2018, the Company had $177.7 million in total assets, $49.83 million in total liabilities and $127.88 million in total stockholders' equity. BDO USA, LLP, in New York, issued a "going concern" qualification in its report on the consolidated financial statements for the year ended Dec. 31, 2017, noting that the Company has suffered recurring losses from operations and expects losses to continue in the future that raise substantial doubt about its ability to continue as a going concern. KAFKA CONSTRUCTION: Seeks March 6 Exclusivity Period Extension -------------------------------------------------------------- Kafka Construction Inc. asks the U.S. Bankruptcy Court for the Eastern District of New York to extend the time to file a plan of reorganization through and including March 6, 2019 and of the time to solicit votes thereon through and including June 7, 2019. The Debtor is the general contractor on numerous construction projects with the New York City School Construction Authority ("SCA"), including but not limited to Cobble Hill High School, Curtis High School; and Julia Richman High School. The Debtor claims that its ability to fund a Chapter 11 Plan is dependent upon the success of its recovery form the SCA for monies owed on various projects. Since its last motion to extend exclusivity, the Debtor removed the two state court lawsuits against the SCA into the Bankruptcy Courts for the EDNY and SDNY. After phone discussions in August and September, the parties and their counsel met in person on Oct. 16, 2018 for a settlement conference. At that conference, a conceptual settlement was reached and the parties needed to confirm contract balances, liens, change orders and other information in order to include all relevant data in a settlement agreement. The Debtor has compiled the contract balances on some 19 separate projects and contracts. All contracts involved contract balances and retainage and most included issues relating to change orders, liens, assignments, balances owed to subcontractors. The task was fairly involved but the Debtor completed the compilation of the data and its counsel has delivered a draft settlement to the SCA and its counsel for review. The Debtor has also been wrapping up its last project -- Curtis High School. A substantial portion of the settlement is coming from the Curtis High School project. Although the Debtor has substantially completed the Curtis High School project, payment of final balances on Curtis High School will be conditioned on completion of punch list items by the Debtor and its subcontractors. The Debtor has been working on a regular basis with its creditors to resolve claims on an informal basis and has been in constant communication with Selectric, Forsythe Plumbing, Army Construction, LLC, the Mason Tenders, and Eagle One, to name several. The Debtor has a settlement conference with Eagle One on January 7th to attempt to resolve the Eagle One claims. The Debtor has also discussed its contemplated plan with two of its largest creditors, Berkley Regional Insurance Company and Berkley Insurance Company and the Mason Tenders. Provided the settlement with the SCA occurs as anticipated, then the Debtor will be in a position to formalize and file a feasible plan. Accordingly, the Debtor believes that a 60-day extension of time should be sufficient now that the settlement has been drafted and delivered to the SCA and its counsel. About Kafka Construction Kafka Construction Inc., a general contractor in Long Island, New York, filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No. 18-42637) on May 7, 2018. In the petition signed by Costas Katsifas, president, the Debtor estimated at least $50,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Elizabeth S. Stong. The Debtor is represented by Robert J. Spence, Esq. at Spence Law Office, P.C. KLC SAN DIEGO: Seeks to Hire Curry Advisors as Legal Counsel ------------------------------------------------------------ KLC San Diego Enterprises, Inc., seeks approval from the U.S. Bankruptcy Court for the Southern District of California to hire Curry Advisors, A Professional Law Corp., as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; assist in the preparation of a plan of reorganization; and provide other legal services related to its Chapter 11 case. Curry Advisors will charge an initial hourly fee of $445, which is its normal hourly fee for bankruptcy and non-bankruptcy matters and which is subject to adjustment in the future. The firm received a pre-bankruptcy retainer of $30,000. K. Todd Curry, Esq., principal of Curry Advisors, disclosed in a court filing that his firm is "disinterested" as defined in Section 101(14) of the Bankruptcy Code. Curry Advisors can be reached through: K. Todd Curry, Esq. Curry Advisors, A Professional Law Corp. 185 West F Street, Suite 100 San Diego, CA 92101 Tel: 619-238-0004 E-mail: tcurry@currylegal.com About KLC San Diego Enterprises KLC San Diego Enterprises, Inc., filed its Articles of Incorporation in California on May 18, 2000, according to public records filed with the California Secretary of State. It operates in the offices of real estate agents and brokers industry. KLC San Diego Enterprises sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Cal. Case No. 18-07336) on Dec. 11, 2018. At the time of the filing, the Debtor estimated assets of less than $500,000 and liabilities of $1 million to $10 million. The case is assigned to Judge Christopher B. Latham. Curry Advisors is the Debtor's counsel. LAWRENCE BEST: $2.5M Private Sale of Brooklyn Property Approved --------------------------------------------------------------- Judge Carla E. Craig of the U.S. Bankruptcy Court for the Eastern District of New York authorized Lawrence Best's private sale of the real property located at 370 Adelphi Street, Brooklyn, New York to Sarah McNally for $2.525 million. The Sale Hearing was held on Nov. 28, 2018. Pursuant to Bankruptcy Code section 363, the Debtor is authorized and directed to consummate the Sale pursuant to and in accordance with the terms and conditions of the Purchase Agreement, the Order, and the Agreed Order, not later than seven business days after the Order becomes final and the Debtor will at all times act in accordance with the terms thereof and the Order. The Debtor and the Parties to the Agreed Order are is authorized to expend such funds and to execute and deliver, and empowered to perform under, consummate, and implement the Purchase Agreement, together with all additional instruments and documents that may be reasonably necessary to implement the Purchase Agreement and consummate the Sale pursuant thereto and effectuate the provisions of the Order and the transactions approved, and to take all other actions as may be necessary for the purpose of assigning, transferring, granting, conveying and conferring to the Successful Bidder or reducing to possession the Adelphi Property, or as may be necessary or appropriate to the performance of the obligations as contemplated by the Purchase Agreement and the Order, including, without exception, those obligations provided for in the Purchase Agreement. The sale is "as is, where is, without faults, without any express or implied warranty or representation of any kind," and free and clear of all Liens, Claims and/or Interests with all such Liens, Claims and/or Interests to attach to the net cash proceeds of the Sale. All the Net Proceeds of the Adelphi Property will be deposited into the Registry of the Court. The Net Proceeds is defined as the amount remaining from the gross proceeds of $2.525 million after payment at closing to (i) the Buyer's Broker, The Corcoran Group, $50,500 (2% commission); (ii) the Seller's Broker, Douglas Elliman, $50,500 (2% commission); and (iii) the Closing Costs, including transfer taxes. Closing costs will be made payable to Prestige Title Agency, Inc. (Title No. 12754-FA-K), whose address is 55 West 39th Street, 9th floor, New York, New York 10018, (212) 651-1200 (main), www.PresTitle.com. The Broker Commissions are fixed and awarded in the amount(s) set forth in the Broker Retention Order, and the Broker Commissions are authorized and directed to be paid from the proceeds of the Sale without further order of the Court. Lawrence Best sought Chapter 11 protection (Bankr. E.D.N.Y. Case No. 17-45392) on Oct. 19, 2017. The Debtor tapped Tanya Dwyer, Esq., at Dwyer Law Firm, LLC as counsel. LBI MEDIA: Committee Hires Bayard, P.A. as Co-Counsel ----------------------------------------------------- The Official Committee of Unsecured Creditors of LBI Media, Inc. and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of Delaware to retain Bayard, P.A. as co-counsel to the Committee nunc pro tunc to December 4, 2018. Services Bayard will render for the Committee are: (a) in conjunction with Squire Patton Boggs, provide legal advice where necessary with respect to the Committee's powers and duties and strategic advice on how to accomplish the Committee's goals, bearing in mind that the Court relies on Delaware counsel such as Bayard to be involved in all aspects of the bankruptcy proceedings; (b) draft, review and comment on drafts of documents to ensure compliance with local rules, practices, and procedures; (c) assist and advise the Committee in its consultation with the Debtors and the U.S. Trustee relative to the administration of these cases; (d) draft, file, and serve documents as requested by Squire Patton Boggs and the Committee; (e) assist the Committee and Squire Patton Boggs, as necessary, in the investigation (including through discovery) of the acts, conduct, assets, liabilities and financial condition of the Debtors, the operation of the Debtors' businesses, and any other matter relevant to these cases or to the formulation of a plan or plans of reorganization or liquidation; (f) compile and coordinate delivery to the Court and the U.S. Trustee information required by the Bankruptcy Code, Bankruptcy Rules, and Local Rules; (g) appear in Court and at any meetings of creditors on behalf of the Committee in its capacity as Delaware counsel with Squire Patton Boggs; (h) monitor the case docket and coordinate with Squire Patton Boggs and Dundon on matters impacting the Committee; (i) participate in calls with the Committee; (j) handle inquiries and calls from creditors and counsel to interested parties regarding pending matters and the general status of these cases and coordinating with Squire Patton Boggs on any necessary responses; and (k) provide additional support to Squire Patton Boggs, Dundon, and the Committee, as requested. Bayard's hourly rates are: Directors $525 to $1,050 Associates $315 to $450 Paraprofessionals $240 to $295 Scott D. Cousins $750 Justin R. Alberto $525 Erin R. Fay $500 Gregory J. Flasser $375 Larry Morton (paralegal) $295 Justin R. Alberto, a director at Bayard, P.A., attests that Bayard is a "disinterested person," as that term is defined in section 101(14) of the Bankruptcy Code, and neither represents nor holds an interest adverse to the interests of the Committee, the Debtors or their estates with respect to the matters on which Bayard is to be employed. The firm can be reached at: Justin R. Alberto, Esq. Bayard, P.A. 600 N. King Street, Suite 400 Wilmington, DE 19801 Tel: (302) 429-4224 Fax: (302) 658-6395 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. LBI MEDIA: Committee Taps Dundon Advisers as Financial Advisor -------------------------------------------------------------- The Official Committee of Unsecured Creditors of LBI Media, Inc. and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of Delaware to retain Dundon Advisers LLC as financial advisor to the Committee in connection with the Debtors' chapter 11 cases nunc pro tunc to December 6, 2018. Financial advisory services Dundon Advisers will provide are: a. assist in the analysis, review and monitoring of the restructuring process, including, but not limited to an assessment of the unsecured claims pool and potential recoveries for unsecured creditors; b. develop a complete understanding of the Debtors' businesses and their valuations to support an analysis of the certain prepetition transactions, the transactions which the Debtors in concert with their incumbent first lien lenders have proposed as the basis for a Plan of Reorganization, and the potential for alternative transactions which may offer greater benefit to unsecured creditors; c. monitor, and to the extent appropriate assist, in the conduct of the alternative transaction process to increase the chance it generates better treatment for unsecured creditors than the Proposed Transactions; d. assist the Committee in identifying, valuing and pursuing estate causes of action, including but not limited to relating to pre-petition transactions, control person liability and lender liability; e. assist the Committee to address claims against the debtors and to identify, preserve, value and monetize tax assets of the Debtors; f. advise the Committee in negotiations with the Debtors and third parties; g. assist the Committee in reviewing the Debtors' financial reports, including, but not limited to, statements of financial affairs, schedules of assets and liabilities, cash budgets, and monthly operating reports; h. review and provide analysis of any disclosure statement and plan in the chapter 11 Cases, and if appropriate assist the Committee in developing an alternative Plan of Reorganization; i. attend meetings and assisting in discussions with the Committee, the Debtors, the first lien noteholders, the second lien noteholders, the U.S. Trustee, and other parties in interest and professionals; j. present at meetings of the Committee, as well as meetings with other key stakeholders and parties; k. perform other advisory services for the Committee as may be necessary or proper in these proceedings, subject to the aforementioned scope; and l. provide testimony on behalf of the Committee as and when may be deemed appropriate. Dundon Advisers' standard hourly rates are: Matt Dundon $630 Peter Hurwitz $600 Jonathan Feldman $600 John Roussey $550 Demetri Xistris $500 Phillip Preis $500 Joseph Farricielli $500 Harry Tucker $450 Matthew Dundon, principal of Dundon Advisers, attests that the firm is a "disinterested person" as that term is defined in Sec. 101(14) of the Bankruptcy Code . The firm can be reached through: Matthew Dundon Dundon Advisers LLC P.O. Box 259H Scarsdale, NY 10583 Phone: 917-838-1930 E-mail: md@dundon.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. LC LIQUIDATIONS: Unsecureds to Get 3% Under Ch. 11 Liquidation Plan ------------------------------------------------------------------- LC Liquidations Corporation, f/k/a Lectrus Corporation, and LH Liquidations Corporation, proposed a Chapter 11 plan of liquidation following the closing of the sale of substantially all of their assets. Class 1 - General Unsecured Claims are impaired, with an estimated allowed amount of $22,094,893.52, and estimated recovery of 3%. Class 2 - Convenience Class Claims will get (a) a 50% payment of the Allowed amount of their Claim, or (b) such other treatment as may be agreed upon by the Plan Administrator and the holder of such Allowed Convenience Class Claim. Estimated allowed amount of $2,310.29 with estimated recovery of 50%. Class 3 - Interests Impaired, no Distribution under the Plan. The Plan shall be funded from the Sale Proceeds, Cash, and any other Assets of the Estate, except as expressly set forth in the Plan. A full-text copy of the Disclosure Statement dated December 19, 2018, is available at: http://bankrupt.com/misc/tneb18-117bk15588NWW-481.pdf About LC Liquidations Corporation Based in Chattanooga, Tennessee, LC Liquidations Corp., formerly known as Lectrus Corporation -- http://www.lectrus.com/-- designs and manufactures custom metal enclosures and electrical and mechanical integration serving the power, oil and gas, renewable energy, industrial, water and wastewater, transportation, military, mining, data centers, institutional, and commercial markets. The company has two manufacturing facilities located in North America. Lectrus Corp. and parent Lectrus Holding Corporation sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Lead Case No. 17-15588) on Dec. 7, 2017. James P. Beers, vice-president of finance, signed the petitions. At the time of the filing, Lectrus disclosed assets of $13.34 million and liabilities of $35.26 million. Lectrus Holding disclosed zero assets and liabilities totaling $20.55 million. Judge Nicholas W. Whittenburg presides over the cases. The Debtors tapped Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, as counsel; and Livingstone Partners LLC, as investment banker. The U.S. Trustee for Region 8 appointed an official committee of unsecured creditors' in the Debtors' cases. Husch Blackwell LLP is the Committee's legal counsel. LC STAHL: Seeks to Hire Stuart J. Wald as Legal Counsel ------------------------------------------------------- LC Stahl, LLC, seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire the Law Offices of Stuart J. Wald as its legal counsel. The firm will advise the Debtor regarding its duties under the Bankruptcy Code; examine claims of creditors; prepare a plan of reorganization; and provide other legal services related to its Chapter 11 case. Stuart Wald, Esq., the attorney who will be handling the case, charges an hourly fee of $250. Prior to the Debtor's bankruptcy filing, Mr. Wald was paid $750 in the ordinary course of business for the preparation of the case; $1,717 for the filing fee; and a retainer of $1,873 for future bankruptcy-related work. Mr. Wald disclosed in a court filing that he does not have any interest adverse to the Debtor and its bankruptcy estate. Mr. Wald maintains an office at: Stuart J. Wald, Esq. Law Offices of Stuart J. Wald 36154 Coffee Tree Place Murrieta, CA 92562 Tel: 310-429-3354 Email: tertiaryaccount@yahoo.com Email: stuart.wald@gmail.com About LC Stahl LLC Based in Murrieta, California, LC Stahl LLC is a privately-held company in the residential building construction business. LC Stahl sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-20003) on Nov. 27, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The case has been assigned to Judge Mark D. Houle. The Law Offices of Stuart J. Wald is the Debtor's counsel. LIL ROCK ELECTRICAL: Unsecured Creditors to Get Nothing Under Plan ------------------------------------------------------------------ Lil Rock Electrical Construction Inc. filed a First Amended Plan of Reorganization and accompanying First Amended Disclosure Statement. Class 3 shall consist of the Allowed Matured Claim of Germantown Trust & Savings Bank, secured by a lien against Estate Assets. Class 3 is Impaired. Germantown has an Allowed Matured Secured Claim in the approximate amount of $361,629.95 for loan ending in 8220, which will be paid as follows: (1) In consideration for an extension of the loans, the Debtor will pay Germantown's Matured Allowed Secured Claims monthly from its income. The Debtor will make monthly payment on loan schedule with balloon payment due on October 1, 2021. (2) Germantown will receive the net proceeds after costs of sale of any Collateral securing loan number XXXX8220 sold by the Debtor pursuant to 11 U.S.C. Section 363. The amounts from the sale of any assets securing the Claims will first reduce the principal balance of Germantown's Secured Claim for Note XXXX8220. Class 5 consists of the Allowed Unsecured Claim of the Union and Funds. Class 5 is Impaired. The Union and Funds filed unsecured claims totaling $1,080,311.15. Class 5 Claimants and Debtor agree that the Class 5 Claims will be paid pursuant to the distribution scheme identified in the Plan, and established under the Union and Funds Settlement. Holders of Allowed Claims in Class 5 are Impaired under the Plan. Class 6 consists of all Allowed General Unsecured Claims held by any Person that is not an Insider. The filed Class 6 Allowed Unsecured Claims are approximately $20,096.00. The Class 6 Claimants will receive no distributions under this Plan unless funds become available from the prosecution of any Chapter 5 Actions of the Debtor and in any event, only after payment in full of all Administrative Claims, Priority Tax Claims, and Claims identified in Classes 1 through 5 of this Plan. Class 7 consists of all Allowed Equity Interests in the Debtor. All Class 7 Allowed Equity Interests will (a) be cancelled on the Confirmation Date and (b) receive no Distribution under the Plan. The Plan will be funded from a loan from Germantown National Bank to be closed and funded either on or immediately after Confirmation. The Debtor's future operating revenue, proceeds from any other Assets and proceeds from Change Order on Contract Number N69450-17-C-0503 will also be used. The Debtor will continue its business operations in the same manner it has operated post-petition, but for the fact that the Debtor expects to obtain larger contracts like its Navy contract upon exiting bankruptcy. The Debtor's income, from every source, will be used to fund the Plan. A full-text copy of the First Amended Disclosure Statement dated December 17, 2018, is available at: http://bankrupt.com/misc/ilsb18-1731376lkg-137.pdf A full-text copy of the Disclosure Statement dated July 6, 2018, is available at https://tinyurl.com/y7ne7kag from PacerMonitor.com at no charge. About Lil Rock Electrical Lil Rock Electrical Construction, Inc., is a full-service electrical contractor in Carlyle, Illinois, equipped to complete commercial, residential, and industrial electrical work, excavating, and directional boring. Lil Rock Electrical Construction sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 17-31376) on Sept. 11, 2017. In the petition signed by Myranda Weber, its restructuring officer, the Debtor disclosed $1.21 million in assets and $1.17 million in liabilities. Judge Laura K. Grandy presides over the case. Spencer P. Desai, Esq., at Carmody MacDonald P.C., is the Debtor's bankruptcy counsel. McMahon Berger, P.C., is the special counsel. No trustee, examiner or official committee of creditors or equity interest holders has been appointed. MEEKER NORTH: Discloses OSDH Probe Into Medicare Compliance ----------------------------------------------------------- Meeker North Dawson Nursing, LLC, filed a first amended Chapter 11 plan and accompanying disclosure statement to disclose the inspection and complaint investigation conducted by the Oklahoma State Department of Health ("OSDH") on October 9, 2018. The inspection found deficiencies requiring significant corrections. The failure of the Debtor to address and correct deficiencies found by OSDH can result in the Debtor's de-certification for the Medicare/Medicaid program and denial of payment for new Medicare/Medicaid admissions effective January 9, 2019. In a letter dated October 18, 2018, OSDH requested that the Debtor submit an acceptable Plan of Correction within ten calendar days of receipt. The Debtor timely submitted its POC as requested and OSDH accepted the POC by correspondence dated November 15, 2018. The POC provided that the survey would be corrected, and the Debtor would be in substantial compliance by November 30, 2018. The OSDH has elected not to conduct a "revisit" to the facility to verify that substantial compliance has been achieved but to do a "desk review" to verify substantial compliance. The Debtor timely submitted the documentation required for the OSDH desk review on December 6, 2018. On December 10, 2018 the OSDH issued a substantial compliance letter confirming that an offsite/paper revisit was conducted which verified that the facility had achieved substantial compliance with the requirements for participation in the Medicare program effective November 30, 2018 and finding that the deficiencies cited during the Medicare survey on October 9, 2018 have been corrected and no remedies need to be imposed Class 2B - General Unsecured Claims of $409,637.07 are impaired. All Allowed Unsecured Claims not separately classified shall be paid 100% of each Allowed Claim with regular quarterly payments beginning the first Business Day of the month, 30 days following the Effective Date. Holders of Allowed Unsecured Claims not separately classified under the Plan will receive payments in cash in an amount equal to one hundred (100%) percent of each holder's Allowed Unsecured Claim plus interest accruing at the rate of 5.0% APR payable in quarterly payments beginning the first Business Day of the month thirty (30) days following the Effective Date until the earlier of (a) five (5) years after the Effective Date, or (b) until the Allowed Unsecured Claims is paid in full plus interest at the rate of 5.0% APR. Payments and distributions under the Plan will be funded by the following: -- Funding on the Effective Date. All payments under the Plan which are due on the Effective Date will be funded from the Cash on hand, and operating revenues. -- Funding after the Effective Date. The funds necessary to ensure continuing performance under the Plan after the Effective Date will be (or may be) obtained from: (a) any and all remaining Cash retained by the Reorganized Debtor after the Effective Date; and (b) Cash generated from the post-Effective Date operations of the reorganized Debtor; and (c) any other contributions or financing (if any) which the Reorganized Debtor may obtain on or after the Effective Date. A full-text copy of the Disclosure Statement dated December 19, 2018, is available at: http://bankrupt.com/misc/ganb18-1856883bem-102.pdf About Meeker North Dawson Nursing Meeker North Dawson Nursing, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-56883) on April 24, 2018. In the petition signed by Christopher F. Brogdon, managing member, the Debtor estimated assets of less than $50,000 and liabilities of less than $1 million. Theodore N. Stapleton P.C. serves as its legal counsel; and Synergy Healthcare Resources, LLC, as its financial advisor. Daniel M. McDermott, the U.S. Trustee for Region 21, appoints William J. Whited as the patient care ombudsman in the Chapter 11 case of Meeker North Dawson Nursing, LLC. MICHAEL MCLEAN: $629K Sale of DC Property to Lemji Approved ----------------------------------------------------------- Judge Lori S. Simpson of the U.S. Bankruptcy Court for the District of Maryland authorized Michael McLean's sale of the real property and improvements located at 825 Fern Place, N.W., Washington, D.C. to Rosa Lemji for $629,000. The sale is free and clear of liens and other interests. The Debtor is authorized to make the following distributions from the proceeds of sale at settlement: 1) payment of all cost associated with settlement, including real estate commissions to Coldwell Banker, as set forth in the Motion and Exhibit 1 thereto; 2) payment of approximately $335,000 to Bayview Loan Servicing, LLC, or such other amount complexly satisfies its lien on the Property; 3) payment of one-half of the proceeds remaining after the payments contemplated in 1) and 2), above, to Murray McLean on account of his interest in the Property; 4) payment of $15,000 to the Law Offices of Richard Rosenblatt to be held in escrow pending Court approval of legal fees; 5) payment of $20,000 to the Debtor, to be used for the Debtor's living expenses during the bankruptcy case; and 6) payment of the full amount of the proceeds remaining after the payments contemplated in 1) through 5), above, to the Internal Revenue Service on account of its secured claim. The lien of the Internal Revenue Service will attach to the sale proceeds to the extent and in order of priority of its lien on the Property before the sale contemplated in the Motion. The stay of the Order for 10 days pursuant to Federal Rule of Bankruptcy Procedure 6004 will be waived. Michael McLean sought Chapter 11 protection (Bankr. D. Md. Case No. 18-23553) on Oct. 11, 2018. The Debtor tapped Richard B. Rosenblatt, Esq., at The Law Offices of Richard B. Rosenblatt. MKS INSTRUMENTS: S&P Affirms 'BB+' ICR & Rates $650MM Loan 'BB+' ---------------------------------------------------------------- S&P Global Ratings noted that MKS Instruments Inc. (MKSI), a leading semiconductor capital equipment (semi-cap) subsystem and laser technology supplier, plans to issue a $650 million incremental senior secured term loan and a $100 million asset-backed (ABL) revolving credit facility to fund the acquisition of Electro Scientific Industries (ESIO) announced in late 2018. S&P is affirming its 'BB+' issuer credit rating on MKSI. S&P is assigning its 'BB+' issue-level rating to the proposed $650 million term loan and lowering the issue-level rating on the existing senior secured term-loan (issued in 2016 during the Newport acquisition) to 'BB+'. The rating affirmation is driven by net S&P Global Ratings' pro forma leverage of under1x following the close of the ESIO acquisition and the related $650 million debt issuance. The ratings are also driven by S&P's view that the acquisition will improve MKSI's ability to integrate its laser products into the printed circuit board (PCB) manufacturing and component manufacturing solutions sold by ESIO and extend MKSI's TAM into systems development. With its second major acquisition in three years, MKSI continues to diversify its portfolio away from wafer fab equipment (WFE) spending and reduce its reliance on large semi-cap customers. The stable outlook on MKSI incorporates S&P Global Ratings' view that the company will deliver operating performance that is consistent with the semiconductor equipment manufacturing industry, successfully integrate the ESIO acquisition, maintain EBITDA margins in the high-20% area, and continue to generate discretionary cash flow greater than $200 million annually. S&P said, "We could lower the rating if material operating performance deterioration, loss of a major customer relationship, or more aggressive financial policies result in adjusted leverage sustained above 2x. In our opinion, there is sufficient headroom at the current rating for the company to withstand additional weakness in semi-cap spending, and we don't expect a downgrade over the next 12 months. "Although unlikely over the next 12 months, we could consider an upgrade over the longer term if the company continues to improve the overall scale of the business and lowers its exposure to the semi-cap investment cycle, without deviating from its conservative financial policies." NICHOLAS L HUGENTOBLER: Hires Cooper Norman & Co as Accountant -------------------------------------------------------------- Nicholas L Hugentobler PC seeks authority from the United States Bankruptcy Court for the District of Colorado (Denver) to hire Cooper Norman & Co Certified Public Accountants, LLC to perform professional accounting and financial services for the Debtor. The Accountant will prepare and file its Federal and State tax returns, sales tax returns for the State of Colorado, and general bookkeeping and accounting questions. The hourly rates of Accountant's team members are: Daniel Packard $250 Staff members $165 Paralegals $100 Daniel Packard, CPA, of Cooper Norman & Co disclosed in the Court filing that his firm is disinterested as defined in 11 U.S.C. Sec. 101(14). The accountant can be reached at: Daniel Packard, CPA Cooper Norman & Co CPAs 1000 Riverwalk Drive, Suite 100 PO Box 51330 Idaho Falls, ID 83405 Phone: 208-523-0862 Fax: 208-525-8038 About Nicholas L Hugentobler Nicholas L Hugentobler PC is a medical group that specializes in podiatry. Based in Durango, Colorado, Nicholas L Hugentobler filed a voluntary petition pursuant to Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 18-20352) on Nov. 29, 2018. In the petition signed by Nicholas L. Hugentobler, president, the Debtor disclosed $1,683,547 in assets and $2,822,012 in liabilities. The Hon. Michael E. Romero is the case judge. Jeffrey S. Brinen, Esq. at Kutner Brinen, P.C. represents the Debtor as counsel. NICHOLAS L HUGENTOBLER: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------------------- No official committee of unsecured creditors has been appointed in the Chapter 11 case of Nicholas L Hugentobler P.C. as of Jan. 8, according to a court docket. About Nicholas L Hugentobler Nicholas L Hugentobler PC is a medical group that specializes in podiatry. Based in Durango, Colorado, Nicholas L Hugentobler filed a voluntary petition pursuant to Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 18-20352) on Nov. 29, 2018. In the petition signed by Nicholas L. Hugentobler, president, the Debtor disclosed $1,683,547 in assets and $2,822,012 in liabilities. The Hon. Michael E. Romero is the case judge. Jeffrey S. Brinen, Esq., at Kutner Brinen, P.C., represents the Debtor. NOWELL TREE: Seeks March 5 Exclusive Plan Filing Period Extension ----------------------------------------------------------------- Nowell Tree Farm, LLC, requests the U.S. Bankruptcy Court for the District of Arizona to extend the exclusivity periods during which Debtor and only the Debtor may file and confirm a plan of reorganization to March 5, 2019 and May 6, 2019, respectively. Currently, the Debtor has entered into a letter of intent for the sale of its land assets, which Debtor believes will result in payment in full to unsecured creditors. The Debtor anticipates having a sale motion and purchase agreement on file before Feb. 1, 2019 and intends to file its plan of reorganization immediately upon the approval and closing of the prospective sale. The sale transaction will be subject to Bankruptcy Court approval. About Nowell Tree Farm Nowell Tree Farm, LLC, operates a nursery growing, developing and selling trees, shrubs, cactus and palms primarily on a wholesale basis to landscapers, contractors and nurseries. Nowell Tree Farm sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 18-08022) on July 9, 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. Judge Madeleine C. Wanslee oversees the case. Burch & Cracchiolo PA, led by Alan A. Meda, serves as the Debtor's counsel; and Steven Stein as its accountant. OAK ROCK FINANCIAL: Taps FTI Consulting as Financial Advisor ------------------------------------------------------------ Oak Rock Financial, LLC, received approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire FTI Consulting, Inc., as its financial advisor. The firm will assist the Debtor in the preparation of financial-related disclosures required by the court; advise the Debtor regarding the disposition of its assets or the liquidation of unprofitable operations; assist in the valuation of its operations and identification of areas of potential cost savings; and provide other financial advisory services related to its Chapter 11 case. The firm charges these hourly fees: Senior Managing Directors $875 - $1,075 Directors $650 – $855 Senior Directors $650 – $855 Managing Directors $650 – $855 Consultants/Senior Consultants $345 - $620 Administrative/Paraprofessionals $140 - $270 Michael Cordasco, senior managing director of FTI, disclosed in a court filing that his firm is "disinterested" as defined in section 101(14) of the Bankruptcy Code. FTI can be reached through: Michael Cordasco FTI Consulting, Inc. Three Times Square, 9th Floor New York, NY 10036 Tel: +1 212 499 3683 / +1 212 247 1010 Fax: +1 212 841 9350 Email: michael.cordasco@fticonsulting.com About Oak Rock Financial Oak Rock Financial LLC, an asset-based lender, put itself into Chapter 11 in the U.S. Bankruptcy Court in Central Islip, New York (Bankr. E.D.N.Y. Case No. 13-72251) on May 6, 2013. The Debtor put itself into Chapter 11 in response to the Chapter 7 involuntary petition filed by its creditors, including Israel Discount Bank of New York, Bank Leumi USA, and Bank Hapoalim B.M., on April 29, 2013. The petitioning creditors had claimed the specialty asset-based lending firm has committed a "massive fraud" against its secured lenders. The Debtor disclosed assets of $131.1 million and debt totaling $99.9 million in the Chapter 11 papers. Judge Robert E. Grossman oversees the case. The Debtor tapped LaMonica Herbst & Maniscalco, LLP as its legal counsel. The Debtor filed a disclosure statement for its proposed Chapter 11 plan of liquidation on May 3, 2018. POPLAR CREEK: Delays Plan for Resolution of Bank Motions -------------------------------------------------------- Poplar Creek, LLC, requests the U.S. Bankruptcy Court for the Northern District of Illinois to extend the exclusive periods to file a Plan and to obtain acceptances of its Plan to and including March 31, 2019, and May 31, 2019, respectively. The Debtor asserts that cause exists for extending the Exclusive Periods for it will facilitate the Debtor’s efforts in completing its Chapter 11 case, pursuing an exit strategy from this Chapter 11 case, completing the trial on the Bank Motions and resolving issues with the Bank. First American Bank is the Debtor's primary secured creditor that originally extended mortgage financing to the Debtor in February 2004. After the Debtor failed to pay the amounts due to the Bank as demanded, the Bank commenced a foreclosure action against the Debtor and others on Nov. 9, 2017, in the Circuit Court of Cook County, Illinois. The Debtor asserts it has been diligently pursuing the administration of this Chapter 11 case with a view toward formulating a prompt exit strategy. The Debtor relates that since the Petition Date, the Bank has elected to litigate virtually every aspect of Debtor's Chapter 11 case. The Debtor is currently defending against Motions filed by the Bank relating to relief from the automatic stay and for designation of the Debtor as a "single asset real estate" debtor. The Bank and the Debtor have been engaged in extensive written and oral discovery relating to the Bank Motions and have also engaged experts that will prepare reports and testify at depositions and at trial. The Bank Motions are currently scheduled for a pretrial status hearing before the Court on Jan. 24, 2019. The Debtor asserts that the Court's rulings on the Bank Motions will have much to do with the type of exit strategy from the Chapter 11 case that can be formulated and implemented. The Debtor mentions that it is also engaged in discussions with third parties over the development and construction of the Hotel Project as well as with respect to the possibility of the sale of the Property, in whole or in part. These discussions require additional time to develop into offers that would form the cornerstone of any Plan. About Poplar Creek Poplar Creek, LLC, is a privately-held company that owns the property located at 2401 West Higgins Road, Hoffman Estates, Illinois. Poplar Creek sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 18-14161) on May 15, 2018. In the petition signed by George M. Moser, manager, the Debtor estimated assets of $10 million to $50 million and liabilities of $1 million to $10 million. Judge LaShonda A. Hunt oversees the case. Burke, Warren, MacKay & Serritella, P.C., is the Debtor's legal counsel. PROMISE HEALTHCARE: Selling All Assets of Some Affiliates for $63M ------------------------------------------------------------------ Promise Healthcare Group, LLC, and its affiliates ask the U.S. Bankruptcy Court for the District of Delaware to authorize their bidding procedures and their Stalking Horse Purchase Agreement with Select Medical Corp. in connection with the sale of substantially all assets of Promise Hospital of Florida at the Villages, Inc., HLP Properties at the Villages, L.L.C., Promise Properties of Lee, Inc., Promise Hospital of Lee, Inc., Promise Hospital of Dade, Inc., and Promise Properties of Dade, Inc., for $63 million, subject to certain adjustments, subject to higher or otherwise better offers. A hearing on the Motion is set for Jan. 22, 2019, at 10:00 a.m. (ET) . The objection deadline is Jan. 9, 2019 at 4:00 p.m. (ET). To date, the Debtors have negotiated and executed, subject to approval by the Select Purchase Agreement with Select Purchaser for the Select Assets the Select Sellers. The Select Purchase Agreement contemplates the Select Purchaser's offer will remain subject to higher and better bids, in accordance with and subject to the Bidding Procedures. In addition, to incentivize the Select Purchaser to serve as the "stalking horse" bidder in the sale process in respect of the Select Assets, the Debtors have agreed to the Bid Protections. The relief requested in the Motion will best position the Debtors to successfully effect sales resulting in the sale of the Select Assets for the benefit of the Debtors, the Debtors' estates, their creditors, and other parties in interest. The Select Purchase Agreement represents the highest or otherwise best offer for the Select Assets; but, the Debtors believe it is prudent and in the best interest of the Debtors, their estates, their creditors, and other parties in interest to market-test the Select Purchase Agreement to assure they obtain the highest or otherwise best recovery from the Select Assets as possible. By the Motion, the Debtors ask entry of: (i) the Bidding Procedures Order (a) authorizing the Debtors to enter into the Select Purchase Agreement, (b) approving the Bidding Procedures and Bid Protections, (c) scheduling an auction, (d) setting a hearing to consider approval of a sale of the Select Assets, (e) approving the Assumption Procedures, (f) approving the form of Notices and Notice Procedures, and (g) granting related relief; and (ii) the Sale Order (x) authorizing the sale of all or a portion of the Select Assets free and clear of all liens, claims, interests, and encumbrances, (y) authorizing the assumption, sale and assignment of executory contracts and unexpired leases designated by the bidder submitting the highest or otherwise best bid to acquire assets and assume and purchase related contracts and leases, and (z) granting related relief. Prior to the Petition Date, the Debtors engaged Houlihan Lokey to market for sale, among other things, the Select Assets. Houlihan has undertaken a robust marketing process to obtain purchasers and potential bids for all or a portion of the Select Assets. On July 23, 2018, Houlihan commenced outreach to potential interested parties comprising financial sponsors, strategic operators, and healthcare REITs. The Select Purchaser is one of the three parties engaged in actively negotiating an asset purchase agreement with the Debtors for various groups of the Debtors' assets. Given the significant marketing efforts undertaken and significant time spent negotiating with the Select Purchaser, the Debtors ask authority to proceed with a bidding and auction process, in order to market-test the Select Purchase Agreement, and sell, pursuant to and in accordance with the Bidding Procedures, the Select Assets. As set forth in the Bidding Procedures, to the extent the Debtors receive one or more Qualified Bids for the Select Assets or any portion thereof, an auction will be conducted subject to approval by the Court. The salient terms of the APA are: a. The Debtors are asking approval for the sale of the Select Assets to the Select Purchaser or Successful Bidder, as applicable, pursuant to and in accordance with the proposed Bidding Procedures, which provide for an auction. b. he consummation of the transactions contemplated by the Select Purchase Agreement will take place no later than (i) the third business day immediately following the day on which the last of the conditions to closing set forth in Article VI and Article VII of the Select Purchase Agreement are satisfied or waived, or (ii) such other date as the Select Purchaser and Debtors may mutually agree upon. The Select Purchaser will not be obligated to consummate the transactions contemplated by the Select Purchase Agreement until the date that is 30 days following entry of the Sale Order. c. The Select Purchase Agreement contemplates a good faith deposit in the amount of $3.78 million (6% of the Purchase Price). d. The Select Purchase Agreement and related funds flow agreed to by the Select Sellers and Select Purchaser contemplate a distribution of the proceeds of the sale of the Select Assets in accordance with the Final DIP Order. e. The Debtors are asking to sell the Select Assets free and clear of successor liability claims. f. The proposed sale of the Select Assets will be free and clear of all liens, claims, encumbrances and interests, with such liens, claims, encumbrances and interests attaching to the net proceeds of the sale of the Select Assets. g. The Debtors are not asking to disallow or affect in any manner credit bidding pursuant to section 363(k) of the Bankruptcy Code. h. The Debtors are asking relief from the 14-day stay imposed by Rule 6004(h) of the Bankruptcy Rules. The salient terms of the Bidding Procedures are: a. Bid Deadline: Feb. 15, 2019 at 4:00 p.m. (ET) b. Initial Bid: The net value to the Debtors' estates provided by the Select Purchase Agreement; and $2.75 million c. Deposit: 6% of the aggregate Purchase Price set forth in the Bid d. Auction: If the Debtors receive one or more Qualified Bids (in addition to the Select Purchase Agreement), the Debtors will conduct an auction on Feb. 20, 2019 commencing at 10:00 a.m. (ET) at the offices of DLA Piper LLP, 1201 North Market Street, Suite 2100, Wilmington, Delaware. e. Bid Increments: During the Auction, the minimum bid increments will be $500,000. When bidding, the Select Purchaser is entitled to a credit in an amount equal to $2.14 million, assuming the full extent of the Expense Reimbursement. f. Sale Hearing: Feb. 26, 2019 g. Sale Objection Deadline: Feb. 22, 2019 at 4:00 p.m. (ET) Within two business days following entry of the Bidding Procedures Order, the Debtors will provide notice upon all Notice Parties. In connection with the sale of the Select Assets, the Debtors anticipate that they will assume and sell and assign to one or more Successful Bidders certain of their executory contracts and unexpired leases. No later than five business days after entry of the Bidding Procedures Order, the Debtors will serve Notice of Potential Assumption upon all Notice of Potential Assumption Parties. The Contract Objection Deadline is Feb. 18, 2019 at 4:00 p.m. (ET). No later than five calendar days prior to the closing of a sale of all or a portion of the Select Assets, the Debtors will serve the Notice of Assumption and Assignment upon all Notice of Assumption and Assignment Parties. he Debtors submit that the Bidding Procedures are designed to maximize the value of the Select Assets and, as a result, will generate the highest or otherwise best offer for the Select Assets. The Debtors ask that the Court waives the 14-day stay period under Bankruptcy Rules 6004(h) and 6006(d). Timely consummation of the sale of the Select Assets is of critical importance to their efforts to maximize the value of the estates. In accordance with the Final DIP Order, the Debtors must conduct one or more sales of their assets generating sufficient capital to repay their post-petition financing, on or before April 30, 2019. Because of the deadlines set forth in the Final DIP Order and potential repercussions of failing to meet such deadlines, they ask that the Court waives the 14-day stay period under Bankruptcy Rules 6004(h) and 6006(d). A copy of the Agreement and the Bidding Procedures attached to the Motion is available for free at: http://bankrupt.com/misc/Promise_Healthcare_355_Sales.pdf The Purchaser: SELECT MEDICAL CORP. 4714 Gettysburg Road Mechanicsburg, PA 17088 Attn: Michael E. Tarvin Facsimil: (717) 412-9142 E-mail: MTarvin@selectmedical.com The Purchaser is represented by: Stephen M. Leitzell, Esq. DECHERT LLP Cira Centre 2929 Arch Street Philadelphia, PA 19104 Facsimile: (215) 994-2222 E-mail: stephen.leitzell@dechert.com About Promise Healthcare Established in 2003, Promise Healthcare is a specialty post-acute care health company headquartered in Boca Raton, Florida. Promise Healthcare Group, LLC and its affiliates sought bankruptcy protection on Nov. 4, 2018 (Bankr. D. Del. Lead Case No. 18-12491). In the petition signed by Andrew Hinkelman, chief restructuring officer, the Debtors estimated assets of $0 to $50,000 and liabilities of $50 million to $100 million. The Debtors tapped DLA Piper LLP and Waller Lansden Dortch & Davis, LLP as general counsel; FTI Consulting, as financial and restructuring advisor; Houlihan Lokey and MTS Health Partners, L.P., as investment bankers; and Prime Clerk LLC as claims agent. PROTEA BIOSCIENCES: $108K Sale of Litigation Claims Approved ------------------------------------------------------------ Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the Northern District of West Virginia authorized Protea Biosciences, Inc. and Protea Biosciences Group, Inc., to sell any and all claims, lawsuits, damages, and/or causes of action that they or their respective estates have, had or may have against Steven Antoine, Todd Gjervold, Mark fox, and/or those entities listed on Exhibit A to Blackwater Group, LLC for $108,000. A hearing on the Sale Motion was held on Nov. 27, 2018 at 2:30 p.m. The purchase price is comprised of the Purchaser's waiver of the Break-up Fee that it would be due as the stalking horse bidder totalling $58,000, plus the Purchaser's disclaimer of the deposit of $50,000 paid under the APA. The sale is free and clear of any and all liens, claims, liabilities, interests and encumbrances. Pursuant to Rule 6004(h) of the Federal Rules of Bankruptcy Procedure, the Order will be effective immediately upon entry. A copy of the Exhibit A attached to the Order is available for free at: http://bankrupt.com/misc/Protea_Biosciences_487_Order.pdf About Protea Biosciences Headquartered in Morgantown, West Virginia, Protea Biosciences Inc. -- https://www.proteabio.com/ -- is a bioanalytics technology company that provides analytical and diagnostic solutions for the rapid and direct identification, mapping and display of the molecules present in living cells and biological samples. Protea Biosciences, Inc., and its affiliate Protea Biosciences Group, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. W.Va. Case Nos. 17-01200 and 17-01201) on Dec. 1, 2017. At the time of the filing, Protea Biosciences disclosed $5.16 million in assets and $13.64 million in liabilities. Protea Biosciences Group disclosed $2.7 million in assets and $18.2 million in liabilities. Judge Patrick M. Flatley presides over the case. The Debtors hired Buchanan Ingersoll & Rooney PC as their legal counsel; and Compass Advisory Partners, LLC, as their restructuring advisor. The U.S. Trustee for Region 7 appointed an official committee of unsecured creditors in the Debtors' cases. Leech Tishman Fuscaldo & Lampl, LLC, is the Committee's legal counsel and Johnson Law, PLLC, is its local counsel. R & B SERVICES: Exclusive Plan Filing Period Extended Until Jan. 21 ------------------------------------------------------------------- The Hon. Carla E. Craig of the U.S. Bankruptcy Court for the Eastern District of New York, at the behest R & B Services Inc., has extended Debtor's exclusive filing period and through and including Jan. 21, 2019 and March 21, 2019, respectively. As reported by the Troubled Company Reporter on Oct. 29, 2018, the Debtor asked the Court for an additional 90 days of exclusivity, claiming that the universe of claims asserted against it will not be certain until the bar date passes. The bar date has been set for Nov. 24, 2018, thus, once the bar date passes and the universe of claims against it is clearer, the Debtor said it will understand better the nature of the plan it will need to propose, file and confirm in order to address such claims. About R & B Services R & B Services Inc. is a construction company based in New York. Its services include general contracting, demolition excavation utility and site work. R & B Services sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-43646) on June 24, 2018. In the petition signed by Reginald Bridgewater, president, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. Judge Carla E. Craig presides over the case. The Debtor tapped Sichenzia Ross Ference Kesner LLP as its legal counsel; and Mohen Cooper LLC as special counsel. ROSEGARDEN HEALTH: Trustee's $18K Sale of 2012 Lexus 350RX SUV OK'd ------------------------------------------------------------------- Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District of Connecticut authorized the private sale by Jon Newton, the duly appointed Chapter 11 Trustee for the jointly administered estates of The Rosegarden Health and Rehabilitation Center, LLC and Bridgeport Health Care Center, Inc., of a 2012 Lexus 350RX Sport Utility vehicle, VIN 2T2BK1BAXDC188659, to Norma Loren for $18,000, cash. The Order will be effective upon its entry, and the stay provided in Bankruptcy Rule of Procedure 6004(g) is waived. About The Rosegarden Health and Rehabilitation Center LLC Located in Waterbury, Connecticut, Bridgeport Health Care Center and The Rosegarden Health and Rehabilitation Center LLC -- http://www.bridgeporthealthcarecenter.com/-- provide long and short-term nursing care and rehabilitation services. Bridgeport offers nursing care, Alzheimer's care, rehab/physical therapy, wound care, dietary, respite care, and hospice care. Rosegarden services include 24-hour nursing care, APRN on Staff, short-term/long-term rehab, physical therapy, speech therapy, occupational therapy, IV therapy/medical/incontinence management, CPAP/BIPAP/tracheotomy care, podiatry; dental, audiology services, respiratory care, among others. Bridgeport Health Care and Rosegarden sought Chapter 11 protection (Bankr. D. Conn. Case Nos. 18-50488 and 18-30623, respectively) on April 18, 2018. In the petitions signed by their chief financial officer, Chaim Stern, Bridgeport estimated assets and liabilities of less than $50 million, and Rosegarden Health estimated assets and liabilities of less than $10 million. The Hon. Julie A. Manning is the case judge. Richard L. Campbell, Esq., at White and Williams LLP, serves as the Debtors' counsel. William K. Harrington, the United States Trustee for Region 2, appointed Joseph J. Tomaino as patient care ombudsman in the cases. The PCO hired Barbara H. Katz, as counsel. Jon Newton was appointed Chapter 11 trustee for the Debtors. The Trustee is represented by Reid and Riege, P.C. SAFE HAVEN: $600K Sale of Boise Property to Lifeways Approved ------------------------------------------------------------- Judge Jim D. Pappas of the U.S. Bankruptcy Court for the District of Idaho authorized Safe Haven Health Care, Inc.'s sale of the property related to its administration and operation of the psychiatric hospital located at 8050 West Northview Street, Boise, Idaho to Lifeways, Inc., for $600,000. A hearing on the Motion was held on Dec. 18, 2018. The sale is free and clear of all Liens, Claims, Encumbrances and Interests (including, as applicable). All Liens, Claims, Encumbrances and Interests will attach to the proceeds of the Sale. The Debtor is authorized to pay and will pay from the proceeds at closing of the Sale of the Property all appropriate Closing costs, and applicable personal property taxes and the additional estimated payments outlined below. All other Sale proceeds will be held by Debtor in an estate bank account pending further order from the Court. The Sale proceeds are estimated to be distributed by the Closing agent as follows: Sale Price $600,000 Less Estimated Deductions: IRS $143,050 Zions Bank $50,000 Eastern Idaho Development Corp $51,000 Empire Funding $62,500 Estimated Closing Costs $2,000 Total Estimated Deductions: $308,550 --------- Total Estimated Net Sale Proceeds $291,450 ========= At Closing, provided payment of $50,000 is made to Zions Bank as outlined, Zions Bank's lien on the Property will be deemed satisfied and extinguished, without prejudice to remaining amounts owed by the Debtor to Zions Bank, or other lien claims asserted by Zions Bank on other property owned by the Debtor. At Closing, the Debtor will segregate $212,000 of the net proceeds paid to the Debtor in a separate DIP account. The lien alleged and asserted by Colonial Funding Network, Inc., will attach only to those segregated proceeds. The Debtor will hold these segregated funds pending further order of the Court resolving any lien claims by Colonial Funding Network, Inc. In connection with the sale of the Property, the Debtor also anticipates a sale of related real property owned by an affiliate of the Debtor. To the extent necessary, the sale of the Real Property is also approved by the Court, and the proposed distribution of the Real Property proceeds described by the Debtor at the Dec. 18, 2018, hearing is approved. The proposed distribution includes, but is not limited to, paying all debts secured by mortgages or deeds of trust on the real property in full, such as the indebtedness owed to the United States (through the U.S. Small Business Administration) and Zions Bank. The Sale of the Property will be "As Is, Where Is," without warranty of any kind from the Debtor or bankruptcy estate. Except as outlined in the purchase agreement, the Debtor will issue a Bill of Sale without warranties to the Purchaser. The Closing will occur as soon as practicable after entry of the Order. As authorized by Bankruptcy Rule 6004(h), the Order will be effective and enforceable immediately upon its entry. About Safe Haven Health Care Safe Haven Health Care, Inc. -- http://www.safehavenhealthcare.org/ -- provides both in-patient and out-patient psychiatric, skilled nursing and assisted living services. The Company has facilities throughout southwestern, central and eastern Idaho. Safe Haven is a division of CareFix, Inc. Safe Haven Health Care filed a Chapter 11 petition (Bankr. D. Idaho Case No. 18-01044) on Aug. 10, 2018. In the petition signed by Scott Burpee, president, the Debtor disclosed $10,234,818 in assets and $17,313,444 in liabilities. The case is assigned to Judge Jim D. Pappas. Angstman Johnson, led by Matthew Todd Christensen, is the Debtor's counsel. SAMUELS JEWELERS: Has Until March 5 to Exclusively File Plan ------------------------------------------------------------ The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware, at the behest of Samuels Jewelers, Inc., has extended the Exclusive Periods to file a Chapter 11 Plan and solicit acceptances of a plan through and including March 5, 2019 and May 6, 2019, respectively. About Samuels Jewelers Samuels Jewelers, Inc. -- http://www.samuelsjewelers.com/-- operates a chain of jewelry stores with more than 120 stores in 23 states across the United States. These stores are located primarilyin strip-mall centers, major shopping malls and as stand-alone stores. Samuels Jewelers filed for Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-11818) on Aug. 7, 2018. In the petition signed by CEO Farhad K. Wadia, Samuels Jewelers estimated assets of $100 million to $500 million and liabilities of $100 million to $500 million. Jones Day and Richards, Layton & Finger, P.A., serve as counsel to the Debtor. Berkeley Research Group, LLC, acts as financial advisor; SSG Advisors, LLC, is the investment banker; and Prime Clerk LLC serves as claims and noticing agent to the Debtor. On Aug. 16, 2018, the U.S. Trustee appointed a seven-member panel to serve as the Official Committee of Unsecured Creditors in the Debtors' cases. The Committee retained Foley & Lardner LLP as its counsel, Whiteford, Taylor & Preston LLC as its co-counsel, and Province, Inc., as financial advisor. SANCILIO PHARMACEUTICAL: Plan Solicitation Period Expires March 4 ----------------------------------------------------------------- The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware has entered an order on Jan. 4, 2019 extending the periods within which only Sancilio Pharmaceuticals Company, Inc., and its affiliates may file a plan and solicit acceptances of a plan through and including Jan. 2, 2019 and March 4, 2019, respectively. The Troubled Company Reporter has previously reported that the Debtors sought second extension of their exclusivity periods to enable them to finalize their draft chapter 11 plan with the benefit of the input of the Committee and the senior secured lender, and to file and prosecute confirmation of that plan. The Debtors related that since the commencement of their Chapter 11 cases, the Debtors have been addressing various issues that are crucial to maximizing the value of their estates. Perhaps most importantly, the Debtors spent significant time and effort pursuing a sale of substantially all of their assets. The Court approved the sale of substantially all of the Debtors' assets to two separate purchasers on July 23, 2018. The asset sales closed during the first week of August 2018. More recently, the Debtors have shifted their focus to negotiating and preparing a plan. In resolving objections to the sale process, the Debtors and the Committee negotiated initial terms for a plan, including that the Debtors and the Committee pursue a plan of liquidation. The Debtors represented that they have prepared a draft of the plan, and they have shared this plan with the Committee and their senior secured creditor. The Debtors expected to receive and incorporate comments from these parties promptly and thereafter will file their chapter 11 plan in the coming weeks. About Sancilio Pharmaceuticals Headquartered in Riviera Beach, Florida, Sancilio -- https://www.sancilio.com/ -- is a private pharmaceutical development and manufacturing company. Sancilio Pharmaceuticals Company, Inc., along with affiliates Sancilio & Company, Inc., and Blue Palm Advertising Agency, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-11333) on June 6, 2018. Sancilio Pharmaceuticals estimated $10 million to $50 million in assets and liabilities. The Hon. Christopher S. Sontchi is the case judge. The Debtors tapped Greenberg Traurig, LLP as counsel; MCA Financial Group, Ltd. as financial advisor; and JND Corporate Restructuring as claims agent. The Office of the U.S. Trustee for Region 3 appointed an official committee of unsecured creditors on July 3, 2018. The Committee tapped Drinker Biddle & Reath LLP as its legal counsel; and Emerald Capital Advisors as its financial advisor. SANCILIO PHARMACEUTICAL: Wants to Move Filing Period to April 5 --------------------------------------------------------------- Sancilio Pharmaceuticals Company, Inc., and its affiliates ask the U.S. Bankruptcy Court for the District of Delaware to extend (i) the period within which only the Debtors may file a plan through and including April 5, 2019, and (ii) the period within which only the Debtors may solicit acceptances of a plan through and including May 31, 2019. The Debtors are asking a third extension of the exclusive periods in order to provide them ample time to file the revised plan as a joint plan, and to file and prosecute confirmation of that plan. The Debtors relate that since the commencement of these Chapter 11 cases, they have been addressing various issues that are crucial to maximizing the value of their estates. Perhaps most importantly, the Debtors spent significant time and effort pursuing a sale of substantially all of their assets. The Court approved the sale of substantially all of the Debtors' assets to two separate purchasers on July 23, 2018. The asset sales closed during the first week of August 2018. In addition, the Debtors have devoted substantial time to: (i) filing various motions necessary to maintain their business and maximize value for their estates, (ii) developing a working relationship with the Committee, and (iii) filing their schedules of assets and liabilities and statements of financial affairs. By order, the Debtors have obtained one prior 60-day extension of exclusivity and have previously requested an additional 30-day extension. The Debtors represent that they used that time to prepare a draft plan, and shared the draft plan with the Committee and their senior secured creditor. The Debtors tell the Court that they have received comments to the draft plan from both the Committee and their senior secured creditor, and consequently, revised the draft plan accordingly. Afterwards, the Debtors' board of directors has approved the revised plan, and the Debtors have shared the revised plan with the Committee. The Debtors claim that they are now near completion of this process and intend to file a revised plan as a joint plan between the Debtors and the Committee as co-proponents. While the Debtors anticipate filing their plan of liquidation in the near future, the Debtors believe that a further limited extension of the Exclusive Periods is necessary to finalize the revised plan in order to streamline the confirmation process. The Debtors anticipate filing the plan prior to a hearing on the Motion which is scheduled to take place on Jan. 17, 2019 at 4:00 p.m. About Sancilio Pharmaceuticals Headquartered in Riviera Beach, Florida, Sancilio -- https://www.sancilio.com/ -- is a private pharmaceutical development and manufacturing company. Sancilio Pharmaceuticals Company, Inc., along with affiliates Sancilio & Company, Inc., and Blue Palm Advertising Agency, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-11333) on June 6, 2018. Sancilio Pharmaceuticals estimated $10 million to $50 million in assets and liabilities. The Hon. Christopher S. Sontchi is the case judge. The Debtors tapped Greenberg Traurig, LLP as counsel; MCA Financial Group, Ltd. as financial advisor; and JND Corporate Restructuring as claims agent. The Office of the U.S. Trustee for Region 3 appointed an official committee of unsecured creditors on July 3, 2018. The Committee tapped Drinker Biddle & Reath LLP as its legal counsel; and Emerald Capital Advisors as its financial advisor. SCHULDNER LLC: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- No official committee of unsecured creditors has been appointed in the Chapter 11 case of Schuldner LLC as of Jan. 7, according to a court docket. About Schuldner LLC Schuldner, LLC, is a privately held company engaged in activities related to real estate. Schuldner owns 15 single-family rental homes in Duluth, Minnesota, having a total appraised value of $1.8 million. Schuldner, LLC. filed for relief under Chapter 11 of Title 11 of the United States Code (Bankr. D. Minn. Case No. 18-43739) on Nov. 30, 2018. In the petition signed by Carl L. Green, president, the Debtor disclosed $1,806,000 in assets and $1,035,000 in debt. The Hon. Katherine A. Constantine is the case judge. John D. Lamey, III, Esq., at Lamey Law Firm, P.A., is the Debtor's counsel. SENIOR CARE GROUP: Seeks Jan. 28 Plan Filing Deadline Extension --------------------------------------------------------------- The Remaining Debtors Senior Care Group, Inc., Key West Health and Rehabilitation Center, LLC, and The Bridges Nursing and Rehabilitation, LLC, request the U.S. Bankruptcy Court for the Middle District of Florida for further extension of the deadline for the Remaining Debtors to file their plan and disclosure statement through and including Jan. 28, 2019. The Debtors have filed a motion seeking extension of time to file their plan and disclosure statement that also requested an extension of the exclusive period to file a plan to Jan. 28, 2019, including an extension of the exclusive period to solicit acceptances of a plan to March 29, 2019. But no order has been entered on the Motion. The Debtors have closed the sale of the Woods Debtors, completed the transition of three locations in Oklahoma, and have filed a plan for the remaining Oklahoma Debtors. The Court fixed December 31, 2018 as the aspirational deadline for the Remaining Debtor to file a plan. However, the Remaining Debtors and their counsel need additional time to finalize the plan. About Senior Care Group Senior Care Group, Inc., is a non-profit corporation which, through its wholly-owned subsidiaries, provides residents and patients with nursing and long-term health care services. Senior Care Group and its six affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 17-06562) on July 27, 2017. In the petition signed by David R. Vaughan, chairman of the Board, Senior Care Group estimated asset and liabilities of $1 million to $10 million. Judge Catherine Peek Mcewen oversees the cases. Stichter Riedel Blain & Postler, P.A., is the Debtors' bankruptcy counsel. The Debtors hired Akerman LLP as their special healthcare counsel. The U.S. Trustee for Region 21 appointed Mary L. Peebles as the patient care ombudsman for Key West Health and Rehabilitation Center LLC, SCG Baywood LLC, SCG Gracewood LLC, and SCG Laurellwood, LLC. On Aug. 18, 2017, the U.S. trustee appointed an official committee of unsecured creditors. The Committee hired Stevens & Lee, P.C., as its bankruptcy counsel; and Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, P.A., as co-counsel. On Aug. 17, 2017, the Debtors hired Holliday Fenoglio Fowler, LP, as broker. SKYMARK PROPERTIES: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Two affiliates that have filed voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Skymark Properties II, LLC 18-40211 27350 West 11 Mile Road Southfield, MI 48034 Skymark Properties SPE, LLC 18-40248 25 Mallard Road Toronto, Ontario Canada M3B 1S4 Business Description: The Debtors are privately held companies that leases real estate properties. Visit https://skymarkproperty.com/menu/michigan for more information. Chapter 11 Petition Date: January 8, 2019 Court: United States Bankruptcy Court Eastern District of Michigan (Detroit) Judge: Hon. Thomas J. Tucker Debtors' Counsel: Anthony J. Kochis, Esq. WOLFSON BOLTON PLLC 3150 Livernois, Suite 275 Troy, MI 48083 Tel: (248) 247-7105 Fax: (248) 247-7099 Email: akochis@wolfsonbolton.com - and - Scott A. Wolfson, Esq. WOLFSON BOLTON PLLC 3150 Livernois, Suite 275 Troy, MI 48083 Tel: (248) 247-7103 Fax: (248) 247-7099 Email: swolfson@wolfsonbolton.com Skymark Properties II's Estimated Assets: $1 million to $10 million Skymark Properties II's Estimated Liabilities: $10 million to $50 million Skymark Properties SPE's Estimated Assets: $10 million to $50 million Skymark Properties SPE's Estimated Liabilities: $10 million to $50 million The petition was signed by Troy Wilson, authorized agent. Full-text copies of the petitions are available at no charge at: http://bankrupt.com/misc/mieb19-40211.pdf http://bankrupt.com/misc/mieb19-40248.pdf A. List of Skymark Properties II's 15 Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ Applied Environmental $1,610 1210 North Maple Road Ann Arbor, MI 48103 CBRE, Inc. $225,843 2000 Town Center, Suite 500 Southfield, MI 48075 City of Southfield Real Property $14,164 26000 Evergreen Road Taxes Southfield, MI 48076 DiClemente Siegel Design $1,642 28105 Greenfield Road Southfield, MI 48076 DTE Energy $567,814 PO Box 630795 Cincinnati, OH 45263 Great Lakes $35,000 Landscaping 25121 Ryan Road Warren, MI 48091 Kickham Hanley PLLC $115,197 32121 Woodward Avenue Suite 300 Royal Oak, MI 48073 LARA $3,000 PO Box 30033 Lansing, MI 45909 NALCO $6,065 PO Box 70716 Chicago, IL 60673 Orville Rigsby $16,060 10402 Maple Hartland, MI 48353 Polk & Associates $132,787 30600 Telegraph Road Suite 2191 Bingham Farms, MI 48025 Powervac $1,907 44300 Grand River Novi, MI 48375 Royal Roofing Company $2,238 2445 Brown Road Lake Orion, MI 48359 Sims Preventive $183,211 Maintenance LLC 19785 West 12 Mile Road, Suite 851 Southfield, MI 48075 Sunny Days Outdoor Maintenance $10,000 7859 East State Road M-36 Whitmore Lake, MI 48189 B. List of Skymark Properties SPE's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ CBRE, Inc. $225,843 2000 Town Center Suite 500 Southfield, MI 48075 City of Southfield Real Property $36,514 26000 Evergreen Road Taxes Southfield, MI 48076 Drobot Custom Building $88,917 3254 E. Breckenridge Avenue Bloomfield Hills, MI 48301 DTE Energy $567,814 Attn: Leland Prince Office of General Counsel One Energy Plaza, 1650 WCB Detroit, MI 48226 Ehrlich $4,187 41169 Vincenti Ct. Novi, MI 48375 Elite Fire Safety $20,261 23661 Telegraph Road Southfield, MI 48033 Great Lakes Landscaping $35,000 25121 Ryan Road Warren, MI 48091 Honeywell $18,289 12490 Collections Center Drive Chicago, IL 60693 Johnson Controls Inc. $32,050 32975 Capitol St. Livonia, MI 48150 Kickham Hanley PLLC $115,197 32121 Woodward Avenue, Suite 300 Royal Oak, MI 48073 Marygrove $6,787 12700 Merriman Road Livonia, MI 48150 Net Facilities $13,000 PO Box 3328 Long Beach, CA 90803 POLK and Associates $132,787 30600 Telegraph Road Suite #2191 Bingham Farms, MI 48025 Reed & Associates $7,000 Protection LLC 400 Renaissance Center, 26th Floor Detroit, MI 48243 Royal Roofing Company $2,238 2445 Brown Road Lake Orion, MI 48359 Schindler Elevator $43,822 28451 Schoolcraft Road Building 5 Livonia, MI 48150 Sims Preventive $183,211 Maintenance LLC 19785 West 12 Mile Road Suite 851 Southfield, MI 48076 Sunbelt Transformer $6,500 1922 South MLK Drive Temple, TX 76504 Sunny Days Outdoor Maintenance $10,000 7859 East State Road M-36 Whitmore Lake, MI 48189 Thyssenkrupp $36,085 35432 Industrial Road Livonia, MI 48150 SKYPATROL LLC: Exclusive Plan Filing Period Extended to March 11 ---------------------------------------------------------------- The Hon. Robert A. Mark of the U.S. Bankruptcy Court for the Southern District of Florida, at the behest of Skypatrol, LLC, has extended the exclusivity period for the Debtor to file and to solicit acceptances to its plan of reorganization for an additional 91 days, through and including March 11, 2019 and May 10, 2019, respectively. The Troubled Company Reporter has previously reported that since the entry of the last Order extending the Exclusivity Periods, the Debtor has resolved the subject of the adversary proceeding styled Skypatrol, LLC v. Expressway Motorcars, Inc., Case No. 18-1066-RAM via settlement and the subject of the adversary proceeding styled Skypatrol, LLC v. Becker, et al, Case No. 18- 1256-RAM via judgment. Aside from the Debtor's efforts to resolve various claims asserted against it, the Debtor is also proceeding diligently with the litigation claims it possesses against VBI Group, LLC and Sam Mahrouq that is the subject of the adversary proceeding styled Skypatrol, LLC v. VBI Group, LLC, et al, Case No. 18-1107-RAM. The pretrial conference in this adversary proceeding is scheduled for Feb. 14, 2019. Given that the receivable due from the sale of assets to VBI Group and Sam Mahrouq, LLC, is the Debtor's most significant asset, the outcome of the litigation will have a substantial effect on its plan of reorganization and proposed distribution to creditors, and thus, this unresolved contingency necessitates additional time for the Debtor to negotiate a plan of reorganization and prepare adequate information. About Skypatrol Skypatrol, LLC -- https://www.skypatrol.com/ -- provides integrated Global Positioning System (GPS) tracking solutions serving many markets including vehicle finance, fleet management, mobile asset tracking, automobile dealerships, outdoor sports and motor sports. Skypatrol has built innovative GPS tracking and fleet management software tools uniquely combined with its proprietary GPS hardware and software to help businesses monitor, protect and optimize mobile assets in an increasingly machine-to-machine world. Skypatrol systems operate on a wide variety of platforms including Global System for Mobiles (GSM) and Code Division Multiple Access (CMDA) cellular networks and dual mode Iridium satellite devices. The Company was established in 2002 and is based in Miami, Florida. Skypatrol filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-24842) on Dec. 13, 2017. In the petition signed by CEO Robert D. Rubin, the Debtor disclosed $3.63 million in total assets and $7.39 million in total liabilities. The case is assigned to Judge Robert A. Mark. Tabas & Soloff, P.A., is the Debtor's bankruptcy counsel, and the Law Offices of Robert P. Frankel, P.A., as special litigation counsel. The U.S. Trustee for Region 21 appointed an official committee of unsecured creditors on Feb. 20, 2018. The Committee tapped Perlman, Bajandas, Yevoli & Albright, P.L., as its legal counsel. SOUTH PLAZA CENTER: Exclusive Filing Period Extended Until Jan. 31 ------------------------------------------------------------------ The Hon. Catherine Peek McEwen of the U.S. Bankruptcy Court for the Middle District of Florida, at the behest of South Plaza Center Associates, LLC, has extended the exclusivity period to file a chapter 11 plan through Jan. 31, 2019 and to solicit acceptance of the plan through March 31, 2019. About South Plaza Center Associates South Plaza Center Associates, LLC, is a real estate company that owns a property located at 1200-1280 South Broad Street, Brooksville, FL 34601 valued by the company at $6.45 million. South Plaza Center Associates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-05703) on July 10, 2018. At the time of the filing, the Debtor had total assets of $6.53 million and total debt of $7.71 million. Jon S. Wheeler, managing member of Debtor's member, signed the petition. Kenneth Ray Noble, Esq., of the Noble Law Firm, P.A., serves as Debtor's counsel; and Pat Yockey and Yockey & Associates is its accountant. SOVRANO LLC: Jan. 18 Meeting Set to Form Creditors' Panel --------------------------------------------------------- William T. Neary, United States Trustee, for Region 6, will hold an organizational meeting on Jan. 18, 2018, at 10:00 a.m. in the bankruptcy case of Sovrano, LLC , et al. The meeting will be held at: United States Trustee Meeting Room Earle Cabell Federal Building 1100 Commerce Street, Room 524 Dallas, Texas 75242 The sole purpose of the meeting will be to form a committee or committees of unsecured creditors in the Debtors' case. The organizational meeting is not the meeting of creditors pursuant to Section 341 of the Bankruptcy Code. A representative of the Debtor, however, may attend the Organizational Meeting, and provide background information regarding the bankruptcy cases. To increase participation in the Chapter 11 proceeding, Section 1102 of the Bankruptcy Code requires that the United States Trustee appoint a committee of unsecured creditors as soon as practicable. The Committee ordinarily consists of the persons, willing to serve, that hold the seven largest unsecured claims against the debtor of the kinds represented on the committee. Section 1103 of the Bankruptcy Code provides that the Committee may consult with the debtor, investigate the debtor and its business operations and participate in the formulation of a plan of reorganization. The Committee may also perform other services as are in the interests of the unsecured creditors whom it represents. About Sovrano LLC Sovrano, LLC is a private equity group specializing in lower middle-market investments. The Company invests in the food services or restaurant industry. In 2015, Sovrano acquired Gatti's Pizza, a pizza chain founded in 1969. Sovrano, LLC is based in Fort Worth, Texas. On Jan. 4, 2019, Sovrano,LLC (Lead Case) and its subsidiaries filed voluntary Chapter 11 petitions (Bankr. N.D. Tex., Lead Case No. 19-40067). The petition was signed by Kyle C. Mann, vice chairman. The Debtors tapped Kelly Hart & Hallman LLP as bankruptcy counsel. The Debtor posted total estimated assets of $10 million to $50 million and total estimated liabilities of $10 million to $50 million. Lead Debtor Sovrano LLC stated it has no unsecured creditors. STEAM DISTRIBUTION: Unsecureds to Get $1.7MM Over 16 Quarters ------------------------------------------------------------- Steam Distribution, LLC, Havz, LLC, and One Hit Wonder, Inc., filed a first amended joint plan of reorganization and accompanying disclosure statement. Class 4 - All general unsecured claims of the Plan Proponents which are not included in any other class. Total amount of class 4 claims amongst the Plan Proponents is $17,912,566 and are impaired. Each holder of a class 4 allowed claim will receive in full settlement and satisfaction of its class 4 allowed claim a cash payment for its prorated share of $1,791,256.60, which the Reorganized Debtors will pay in equal installments over 16 quarters on the last day of each calendar quarter (i.e., March 31, June 30, September 30, and December 31). If payment is not made timely, then claimant will give notice of default in writing to the Reorganized Debtors, and Reorganized Debtors will have 15 days to cure. If the Court enters a separate order is approving a different payment schedule for a specific class 4 creditor's prorated share of $1,791,256.60, then the terms of such order shall apply. Class 4 claim holders are not entitled to interest on their claims. Class 2 - Mini-Gadgets will have an allowed secured claim against the Debtors in the amount of $100,000, as of the Plan Effective Date and are impaired. Commencing during the first full quarter after the Plan Effective Date, the Debtors will repay Mini-Gadget's allowed secured claim over a twelve (12) quarter period with fully amortizing principal and interest payments. Payment is due on the last day of each calendar quarter (i.e., March 31, June 30, September 30, and December 31). If payment is not made timely, then claimant shall give notice of default in writing to the Reorganized Debtors, and the Reorganized Debtors will have 15 days to cure. Pending the payment in full of the claim, the class 2 claimant will continue to retain its lien on the property of the Debtors with the same validity, extent and priority until the obligation hereunder is satisfied. Except as modified in the Plan, the rights of the parties set forth in the loan documents as of the Petition Date remain in effect; should the Debtors default in the payments provided herein, Mini-Gadgets will have all of the rights and remedies provided for under state law and the underlying loan documents. Interest rate: 5.00% per annum. There is no prepayment penalty for the Reorganized Debtors’ early repayment of the Class 2 claims under the Plan. Class 3 - Neely will have an allowed secured claim against the Debtors in the amount of $150,000, as of the Plan Effective Date and impaired. Commencing during the first full quarter after the Plan Effective Date, the Debtors will repay Neely's allowed secured claim over a twelve (12) quarter period with fully amortizing principal and interest payments. Payment is due on the last day of each calendar quarter (i.e., March 31, June 30, September 30, and December 31). If payment is not made timely, then claimant will give notice of default in writing to the Reorganized Debtors, and Reorganized Debtors will have 15 days to cure. Pending the payment in full of the claim, the class 3 claimant will continue to retain its lien on the property of the Debtors with the same validity, extent and priority until the obligation hereunder is satisfied. Except as modified in the Plan, the rights of the parties set forth in the loan documents as of the Petition Date remain in effect; should the Debtors default in the payments provided herein, Neely will have all of the rights and remedies provided for under state law and the underlying loan documents. Interest Rate: 5.00% per annum. There is no prepayment penalty for the Reorganized Debtors' early repayment of the Class 3 claims under the Plan. The Plan will be funded from three primary sources consisting of (i) the Funds on the Plan Effective Date; (ii) the Plan Proponents' cash on hand as of the Plan Effective Date; and (iii) from the positive cash flow generated by the business operations of the Reorganized Debtors. The Funds will be in amount of $1,500,000 (though the Funds may be adjusted as necessary, to assist the Reorganized Debtors to pay the outstanding professional fees and expenses owing by the Plan Proponents, plus whatever additional sum is needed to enable the Reorganized Debtors to fund the payments under the Plan). The Funds come from the Loan. The Loan is for $1,500,000. The Loan is unsecured. The interest rate on the loan is 3.00% per annum. The repayment schedule for the Loan is interest-only payments (calculated in the amount of $45,000 per year) made annually. There is no default interest rate. 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. There is no prepayment penalty. The Funds will be placed in the Debtors' counsel's trust account prior to the hearing on confirmation of the Plan, and the Debtors' counsel will file a notice with the Court prior to such hearing to show that the Funds are in place for distribution in accordance with the Plan. The injunction is applicable to all creditors and parties in interest with respect to claims arising or existing prior to the Plan Effective Date. All creditors and parties in interest who are presented with a copy of the Plan Confirmation Order are charged with actual knowledge of the Injunction and with actual knowledge that the Injunction is applicable to said creditor and/or party in interest, such that it is impossible for said creditor and/or party in interest to have a good faith belief that the Injunction does not apply to said creditor’s and/or party in interest's claim. Accordingly, any creditor and/or party in interest charged with such Actual Knowledge may be held in contempt for violating the Injunction, which contempt proceeding shall include the Reorganized Debtors' reasonable attorneys' fees and costs for enforcing the Injunction. A full-text copy of the Disclosure Statement dated December 17, 2018, is available at: http://bankrupt.com/misc/nvb18-1811598abl-251.pdf About Steam Distribution Steam Distribution -- http://www.onehitwondereliquid.com/-- is a wholesaler and distributor in the vape/e-cig industries. Handcrafted in Los Angeles, California, One Hit Wonder eLiquid contains ingredients including TruNic 100% USA grown and extracted liquid nicotine. Steam Distribution, LLC, Havz, LLC, d/b/a Steam Wholesale (Bankr. D. Nev. Case No. 18-11599) and One Hit Wonder, Inc., each filed voluntary petitions under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case Nos. 18-11598 to 18-11600), commencing their bankruptcy cases on March 26, 2018. The petitions were signed by Robert Hackett, managing member. The Debtors have filed motions requesting joint administration of their three cases. At the time of filing, Steam Distribution and One Hit Wonder estimated assets and liabilities at $1 million to $10 million each, while Havz estimated $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. The Hon. August B. Landis and the Hon. Mike K. Nakagawa are assigned to these cases. The Debtors hired Candace C Carlyon, Esq. of Clark Hill PLLC and John Patrick M. Fritz, Esq. of Levene, Neale, Bender, Yoo & Brill LLP as counsel. TECHNOLOGY SOLUTIONS: $255K Sale of Lenovo Inventory to IT Approved ------------------------------------------------------------------- Judge Mark D. Houle of the U.S. Bankruptcy Court for the Central District of California authorized Technology Solutions & Services, Inc.'s sale of approximately 9,000 non-working salvaged Lenovo computers, laptops and parts to IT Assets Partners, Inc. for $255,000. A hearing on the Motion was held on Dec. 18, 2018 at 2:00 p.m. The sale is free and clear of all liens, claims and encumbrances. The Order will be effective immediately upon its entry, and the 14-day stay provisions included in Bankruptcy Rule 6004(h) and 6006(d) are waived. About Technology Solutions Technology Solutions & Services, Inc. -- http://www.tssius.com/-- is a full service reverse logistics company. It offers a wide variety of asset recovery solutions specific to mobile, IT and consumer electronics industries. Technology Solutions team has over 20 years of experience dealing with high volume product refurbishment; processing & sorting of customer return merchandise; failure analysis, data collection & reporting; recalls, reworks & re-kitting; EOL disposition & management; customized IT solutions; scrap management & recycling; warehousing & fulfillment; discreet remarketing; excess inventory management; product de-branding, re-branding & relabeling; life cycle management of service parts; in-house engineering support; and custom packaging solutions. The Company is headquartered in San Bernardino, California with facilities in Mexicali, BC; Cd. Juarez, Chih; Calexico, CA; and El Paso, TX. Technology Solutions & Services sought Chapter 11 protection (Bankr. C.D. Cal. Case No. 18-18339) on Oct. 2, 2018. In the petition signed by Julio C. Garcia, Jr., CFO, the Debtor disclosed total assets at $9,831,822 and total liabilities at $30,190,109. Judge Mark D. Houle is assigned to the case. The Debtor tapped Leonard M. Shulman, Esq., at Shulman Hodges & Bastian LLP as counsel. VC BATON ROUGE: Seeks to Hire Craig M. Geno as Legal Counsel ------------------------------------------------------------ VC Baton Rouge LA, LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire the Law Offices of Craig M. Geno, PLLC, as its legal counsel. The firm will assist the Debtor in the preparation of a plan of reorganization; advise the Debtor regarding issues arising from certain contract negotiations; evaluate claims of creditors; and provide other legal services related to its Chapter 11 case. The firm charges these hourly fees: Craig Geno, Esq. $425 Associates $250 Paralegals $175 Geno received a retainer of $16,717, which included the filing fee of $1,717. The firm does not represent any interest adverse to the Debtor and its bankruptcy estate, according to court filings. Geno can be reached through: Craig M. Geno, Esq. Jarret P. Nichols, Esq. Law Offices of Craig M. Geno, PLLC 587 Highland Colony Parkway P.O. Box 3380 Ridgeland, MS 39158-3380 Phone: 601-427-0048 Fax: 601-427-0050 E-mail: cmgeno@cmgenolaw.com E-mail: jnichols@cmgenolaw.com About VC Baton Rouge VC Baton Rouge LA, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 18-04801) on Dec. 14, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The case is assigned to Judge Neil P. Olack. The Law Offices of Craig M. Geno, PLLC, is the Debtor's legal counsel. VC MACON: Seeks to Hire Craig M. Geno as Legal Counsel ------------------------------------------------------ VC Macon, GA, LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Mississippi to hire the Law Offices of Craig M. Geno, PLLC, as its legal counsel. The firm will assist the Debtor in the preparation of a plan of reorganization; advise the Debtor regarding issues arising from certain contract negotiations; evaluate claims of creditors; and provide other legal services related to its Chapter 11 case. The firm charges these hourly fees: Craig Geno, Esq. $425 Associates $250 Paralegals $175 Geno received a retainer of $16,717, which included the filing fee of $1,717. The firm does not represent any interest adverse to the Debtor and its bankruptcy estate, according to court filings. Geno can be reached through: Craig M. Geno, Esq. Jarret P. Nichols, Esq. Law Offices of Craig M. Geno, PLLC 587 Highland Colony Parkway P.O. Box 3380 Ridgeland, MS 39158-3380 Tel: 601-427-0048 Fax: 601-427-0050 E-mail: cmgeno@cmgenolaw.com E-mail: jnichols@cmgenolaw.com About VC Macon VC Macon, GA, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 18-04802) on Dec. 14, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The case has been assigned to Judge Neil P Olack. VERITY HEALTH: $235M Sale of All Assets of Hospital Affiliates OK'd ------------------------------------------------------------------- Judge Ernest M. Robles of the U.S. Bankruptcy Court for the Central District of California authorized Verity Health System of California, Inc., and its affiliated debtors to sell all the assets of two hospitals to the County of Santa Clara for approximately $235 million. A hearing on the Motion was held on Dec. 19, 2018 at 10:00 a.m. The sale is free and clear of Encumbrances. In accordance with the APA, concurrently with the Closing, SCC will pay that portion of the Purchase Price due at Closing, by wire transfer of immediately available funds, to the Debtors' Escrow Deposit Accounts, subject to the adjustments set forth in Section 1.1.1 of the APA. Any direct expenses of the Sale will be disclosed by Debtors to the DIP Agent, the Prepetition Secured Creditors, and the Committee in advance of the Closing. The terms and conditions of the Final DIP Order will apply with respect to the Sale Proceeds and Escrow Deposit Accounts. Without limiting the foregoing, the Debtors will comply with paragraph 4 of the Final DIP Order in the following manner: (a) the Debtors will direct SCC and any post-closing escrow agent appointed pursuant to the terms of the APA to remit all Sale Proceeds to be received by the Debtors at Closing or thereafter in cash, to deposit such Sale Proceeds in separate accounts labelled Santa Clara Sale Proceeds Account, in the name of each Debtor that is a Seller within the meaning of the APA; (b) in giving direction to SCC, the Debtors will exercise their reasonable business judgment, in good faith, and allocate the Sale Proceeds among the Escrow Deposit Accounts on the basis of the value of each the Debtor's Purchased Assets as of the Closing; (c) without limitation of the rights of the DIP Agent and DIP Lender under the DIP Financing Agreements and the Final DIP Order, no funds held in any Escrow Deposit Account will be (i) commingled with any other funds of the applicable Debtor or any of the other Debtors or (ii) used by the Debtors for any purpose, except as provided in this Order, the DIP Credit Agreements or Final DIP Order without further order of the Court, after reasonable notice under the circumstances to the DIP Agent, the Prepetition Secured Creditors and the Committee; and (d) each Escrow Deposit Account will be subject to a deposit account control agreement in favor of the DIP Agent and DIP Lender, and subject to, without limitation of the rights of the DIP Agent and DIP Lender under the DIP Financing Agreements and the Final DIP Order with respect to the Sale Proceeds and Escrow Deposit Account, including, without limitation, following the occurrence of an Event of Default or the Revolving Loan Termination Date, the Debtors will not be permitted to use the funds held in any Escrow Deposit Account for any purpose, except as provided in the Order, and to fund any Purchase Price adjustment in favor of the Purchaser, without first obtaining the consent of the DIP Agent, DIP Lender and the Prepetition Secured Creditors or obtaining an order of the Court pursuant to §§ 363 or 1129 after reasonable notice under the circumstances to the DIP Agent, the DIP Lender, the Prepetition Secured Creditors and the Committee and, if necessary, a hearing thereon. Concurrently with the Closing or as soon thereafter as is possible, and in accordance with the APA, the Debtors (i.e., the Hospital Debtors defined in the APA) will pay out of the Sale Proceeds to the counter-parties to the Designated Contracts the cure amounts set forth in the Debtors' Notice to Counterparties to Executory Contracts and Unexpired Leases of the Debtors That May Be Assumed and Assigned, the Supplement to Notice to Counterparties to Executory Contracts and Unexpired Leases of the Debtors That May be Assumed and Assigned, the Amended Notice of Contracts Designated by Santa Clara County for Assumption and Assignment, or as otherwise agreed to by the Debtors, SCC and the applicable counter-parties thereto or ordered by the Court after a continued hearing on the Cure Objections. Upon the Closing, the Debtors are authorized and directed to assume, assign and/or transfer each of the Designated Contracts to SCC, including the Currently Identified Designated Contracts and any Subsequently Identified Designated Contracts. The Debtors intend to reject all executory contracts to which OCH and SLRH are a party, excluding (i) Designated Contracts, (ii) any prepetition multiparty contract affecting more than one Debtor in addition to OCH and/or SLRH, and (iii) any collective bargaining agreement, pension plan or health and welfare plan providing collectively bargained benefits to which OCH and/or SLRH is a party or sponsor. The automatic stay in effect pursuant to Section 362 is lifted with respect to the Debtors to the extent necessary, without further order of this Court, to (i) allow SCC to deliver any notice provided for in the APA and Transaction Documents and (ii) allow SCC to take any and all actions permitted under the APA and Transaction Documents in accordance with the terms and conditions thereof. The Debtors will retain and not abandon any Pension Plan Documents that are not Purchased Assets for not less than 12 months after the Closing and will make such documents available to the PBGC for inspection and copying. No later than Jan. 18, 2019, either (i) the Debtors will file a notice of a resolution of the issues regarding the transfer and/or proposed assumption and assignment or rejection of the Medi-Cal Provider Agreements or (b) DHCS will file a supplemental objection to the proposed transfer of the Medi-Cal Provider Agreements. If necessary, the Debtors will file any reply to the supplemental objection no later than 4:00 p.m. (PT), on Jan. 25, 2019, and a hearing will be held on the issues raised regarding the transfer and/or proposed assumption and assignment or rejection of the Medi-Cal Provider Agreements on Jan. 30, 2019, at 10:00 a.m. (PT); and all parties' rights, claims, and defenses are preserved until that hearing. Nothing in the Sale Order will apply to Medi-Cal Provider Agreements until and unless there is a Court order approving a settlement between the Debtors and the DHCS or a Court order resolving the DHCS' objections. No later than Jan. 18, 2019, either (i) the Debtors will file a notice of a resolution of the issues regarding the transfer and/or proposed assumption and assignment or rejection of the Medicare Provider Agreements or (b) HHS will file a supplemental objection to the proposed transfer of the Medicare Provider Agreements. If necessary, the Debtors will file any reply to the supplemental objection no later than 4:00 p.m. (PT), on Jan. 25, 2019, and a hearing will be held on the issues raised regarding the transfer and/or proposed assumption and assignment or rejection of the Medicare Provider Agreements on Jan. 30, 2019, at 10:00 a.m. (PT); and all parties' rights, claims, and defenses are preserved until that hearing. Nothing in the Sale Order will apply to Medicare Provider Agreements until and unless there is a Court order approving a settlement between the Debtors and the HHS or a Court order resolving the HHS' objections. The Debtors must have resolution of the collective bargaining agreements that cover employees at Saint Louise Regional Hospital and O’Connor Hospital prior to SCC closing on the proposed Sale pursuant to the APA. The hearing on the Debtors' motion(s) with respect to the rejection and/or modification of such CBAs will occur on Jan. 30, 2019, at 10:00 a.m. (PT). The Debtors will file the CBA Motions by no later than Jan. 2, 2019. Any objection to the CBA Motions will be filed on Jan. 16, 2019, and any reply will be filed on Jan. 23, 2019. A continued hearing on the Cure Objections will be held on Jan. 30, 2019, at 10:00 a.m. (PT). As to the Currently Identified Designated Contracts, by no later than Jan. 18, 2019, the Debtors will file a notice containing a list of (a) the Cure Objections that have been resolved, and (b) the Cure Objections as to which Court intervention is required. As to the Cure Objections for which Court intervention is required, the following briefing schedule will apply: (2) (1) the Debtors' opposition to each outstanding Cure Objection will be submitted by no later than Jan. 18, 2019; and (3) (2) the counterparties' reply in support of its Cure Objections will be submitted by no later than Jan. 5, 2019. As to any executory contracts or unexpired leases that were listed on the Initial Designated Contract List, but not listed on any prior Cure Notices, any counterparty thereto may file an objection to the cure amount or assumption thereof by Jan. 11, 2019, and all other provisions will apply to resolution thereof. As to Subsequently Identified Designated Contracts, (i) the Debtors will file a notice with the Court, by Jan. 23, 2019, identifying all Subsequently Identified Designated Contracts and provide service thereof in accordance with paragraph 16, and (ii) to the extent that any Subsequently Identified Designated Contracts were not listed on any of the prior Cure Notices, counterparties subject to contracts who object to assumption and/or the proposed cure amounts must file an objection no later than Jan. 30, 2019, and any reply will be filed on Feb. 6, 2019. The request by Medical Office Building of California, LLC for an extension of the Jan. 30, 2019 objection deadline in the event that its lease is designated as a Subsequently Identified Designated Contract is overruled. To the extent that a negotiated resolution cannot be achieved, any objections filed in connection with the Subsequently Identified Designated Contracts will be adjudicated on Feb. 13, 2018, at 10:00 a.m. (PT), where the Court will resolve any and all disputed issues related to the objection. About Verity Health System Verity Health System -- https://www.verity.org/ -- operates as a non-profit health care system in the state of California, with approximately 1,680 inpatient beds, six active emergency rooms, a trauma center, and a host of medical specialties, including tertiary and quaternary care. Verity's two Southern California hospitals are St. Francis Medical Center in Lynwood and St. Vincent Medical Center in Los Angeles. In Northern California, O'Connor Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton Medical Center in Daly City and Seton Coastside in Moss Beach are part of Verity Health. Verity Health also includes Verity Medical Foundation. With more than 100 primary care and specialty physicians, VMF offers medical, surgical and related healthcare services for people of all ages at community-based, multi-specialty clinics conveniently located in areas served by the Verity hospitals. Verity Health System was created in a transaction approved by California Attorney General Kamala Harris and completed in December 2015. Verity Health System of California, Inc., and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Lead Case No. 18-20151) on Aug. 31, 2018. In the petition signed by CEO Richard Adcock, Verity Health estimated assets of $500 million to $1 billion and liabilities of $500 million to $1 billion. Judge Ernest M. Robles presides over the cases. The Debtors tapped Dentons US LLP as their bankruptcy counsel; Berkeley Research Group, LLC, as financial advisor; Cain Brothers as investment banker; and Kurtzman Carson Consultants as claims agent. The official committee of unsecured creditors formed in the case retained Milbank, Tweed, Hadley & McCloy LLP as counsel. VERITY HEALTH: Given Until April 28 to Exclusively File Plan ------------------------------------------------------------ The Hon. Ernest M. Robles of the U.S. Bankruptcy Court for the Central District of California, at the behest of Verity Health System of California, Inc., and its affiliated debtors, has extended the exclusivity periods within which the Debtors may file a plan of reorganization and obtain acceptances of such plan of reorganization by an additional 120 days through and including April 28, 2019 and June 27, 2019, respectively. The Troubled Company Reporter has previously reported that the Debtors anticipated having a plan ready to file soon after all the assets of the estate are liquidated. However, the sales cannot reasonably close until well into 2019, after the exclusivity period expires. Pursuant to the Bidding Procedures Order, the Court approved the County of Santa Clara (a political subdivision of the State of California), or its designated affiliate, as the Stalking Horse Purchaser of all assets (excluding cash, accounts receivables and causes of action) of O'Connor Hospital and Saint Louise Regional Hospital. The Debtors have been actively working with potential overbidders and preparing for an auction in early December with a hearing on the sale currently scheduled for Dec. 19, 2018. Given that the sales involve buyers who are subject to review of the Attorney General under state law, and certain licensing and other regulatory obligations which will exist on any potential buyer, the Debtors believed that the proposed sale cannot close before Dec. 31, 2018, when the exclusivity period expires. Additionally, the Debtors are actively negotiating for the sale or dissolution of various medical groups which operate in conjunction with Verity Medical Foundation -- a medical foundation which offers medical, surgical and related healthcare services for people of all ages at community-based, multi-specialty clinics conveniently located in areas served by the Debtor hospitals. About Verity Health System Verity Health System -- https://www.verity.org/ -- operates as a non-profit health care system in the state of California, with approximately 1,680 inpatient beds, six active emergency rooms, a trauma center, and a host of medical specialties, including tertiary and quaternary care. Verity's two Southern California hospitals are St. Francis Medical Center in Lynwood and St. Vincent Medical Center in Los Angeles. In Northern California, O'Connor Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton Medical Center in Daly City and Seton Coastside in Moss Beach are part of Verity Health. Verity Health also includes Verity Medical Foundation. With more than 100 primary care and specialty physicians, VMF offers medical, surgical and related healthcare services for people of all ages at community-based, multi-specialty clinics conveniently located in areas served by the Verity hospitals. Verity Health System was created in a transaction approved by California Attorney General Kamala Harris and completed in December 2015. Verity Health System of California, Inc., and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Lead Case No. 18-20151) on Aug. 31, 2018. In the petition signed by CEO Richard Adcock, Verity Health estimated assets of $500 million to $1 billion and liabilities of $500 million to $1 billion. Judge Ernest M. Robles oversees the cases. The Debtors tapped Dentons US LLP as their bankruptcy counsel; Berkeley Research Group, LLC, as financial advisor; Cain Brothers as investment banker; and Kurtzman Carson Consultants as claims agent. The official committee of unsecured creditors formed in the case retained Milbank, Tweed, Hadley & McCloy LLP as counsel. VEROBLUE FARMS: GAFS Appointed as New Committee Member ------------------------------------------------------ The Office of the U.S. Trustee on Jan. 7 appointed Great America Financial Services Corp. as new member of the official committee of unsecured creditors in the Chapter 11 cases of VeroBlue Farms USA, Inc. and its affiliates. Meanwhile, William John Turk, an unsecured creditor, was removed as member of the committee, according to a Jan. 7 notice filed by the U.S trustee with the U.S. Bankruptcy Court for the Northern District of Iowa. The committee is now composed of: (1) Great America Financial Services Corp. Attn: Peggy Upton 625 1st St., Ste. 800 Cedar Rapids, IA 52401 (2) Phillip L. Sheets, Ltd. 7632 Jefferson Rd Belleville, IL 62221. Contact: Phillip L. Sheets, President Phone: 618-5306000, Email: westhavengarde@sbcglobal.net (3) McDonald Supply/Hajoca Corp. P.O. Box 708 Dubuque, IA 52004-0708 Contact: Alysia Hedrick Phone: 563-564-4688 Fax: 563-5830031 Email: ahedrick@hajoca.com About Veroblue Farms USA Inc. Headquartered in Webster City, Iowa, VeroBlue Farms USA, Inc. -- http://verobluefarms.com/-- operates a fish farm specializing in Barramundi, a freshwater fish found in the Indo-Pacific waters of Australia. It created an innovative aquaculture system that utilizes the natural elements of air, water and care. VeroBlue Farms USA, Inc., VBF Operations Inc., VBF Transport Inc., VBF IP Inc., and Iowa's First Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Iowa Lead Case No. 18-01297) on Sept. 21, 2018. In the petitions signed by Norman McCowan, president, VeroBlue estimated assets of less than $50,000 and liabilities of $50 million to $100 million. The Debtors tapped Elderkin & Pirnie, PLC and Ag & Business Legal Strategies, P.C. as their legal counsel; and Alex Moglia and his firm Moglia Advisors as chief restructuring officer. On October 24, 2018, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. The committee hired Goldstein & McClintock LLLP as its counsel. WALK HILL/CANTERBURY: Voluntary Chapter 11 Case Summary ------------------------------------------------------- Debtor: Walk Hill/Canterbury Development LLC 289 Walk Hill Street 576 Canterbury Rd Roslindale, MA 02131 Business Description: Walk Hill/Canterbury Development LLC is a real estate developer in Roslindale, Massachusetts. Chapter 11 Petition Date: January 8, 2019 Court: United States Bankruptcy Court District of Massachusetts (Boston) Case No.: 19-10057 Judge: Hon. Joan N. Feeney Debtor's Counsel: Gary W. Cruickshank, Esq. LAW OFFICE OF GARY W. CRUICHSHANK 21 Custom House Street, Suite 920 Boston, MA 02110 Tel: (617) 330-1960 Fax: (617) 330-1970 Email: gwc@cruickshank-law.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Nabil C. Boghos, manager. The Debtor failed to include in the petition a list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free at: http://bankrupt.com/misc/mab19-10057.pdf WALL STREET THEATER: Amends Provisions on Plan's Effective Date --------------------------------------------------------------- Wall Street Theater Company, Inc., and affiliates filed its first amended disclosure statement for their proposed joint chapter 11 plan of reorganization dated Jan. 1, 2019. This latest filing removed several provisions regarding the plan's Effective Date. The Plan will not be consummated or become binding unless and until the Effective Date occurs. A "Notice of Effective Date" will be filed with the Court within three Business Days after the Effective Date. A copy of the First Amended Disclosure Statement is available at https://is.gd/TLjWbr from Pacermonitor.com at no charge. About The Wall Street Theater The Wall Street Theater, listed in the National Register of Historic Places, has re-emerged as a 501c3 non-profit organization, whose mission is to provide diverse programming and promote arts education, thereby enriching the cultural life of the greater Norwalk community. The Wall Street Theater -- https://www.wallstreettheater.com/ -- adopts its moniker from its location and its mission from its history, combining live shows, interactive entertainment, cinema, digital production, art space and a community arena in which to play. Wall Street Theater Company, Inc., and affiliates Wall Street Master Landlord, LLC and Wall Street Managing Member, LLC, filed Chapter 11 petitions (Bankr. D. Conn. Lead Case No. 18-50132) on Feb. 4, 2018. In the petitions signed by Suzanne Cahill, president, the WS Theater Company and WS Master Landlord estimated $1 million to $10 million in assets and $10 million to $50 million in liabilities while WS Managing Member estimated less than $50,000 in assets and $10 million to $50 million in liabilities. Judge Julie A. Manning is the case judge. The Debtors tapped Green & Sklarz, LLC, as legal counsel; R.J. Reuter, LLC as financial advisor; Wellspeak, Dugas & Kane, LLC as real estate appraiser and consultant; and CohnReznick as auditor. WHITEWATER/EVERGREEN: $8.5M Sale of Interests in Texas Wells Okayed ------------------------------------------------------------------- Judge Kimberley H. Tyson of the Bankruptcy Court for the District of Colorado authorized the Asset Purchase and Sale Agreement of Whitewater/Evergreen Operations, LLC ("WEO"), SWD, LLC, EFSWD I,LLC, PH Grinders, LLC, and Six Pack Energy, LLC, with to EVX Midstream Partners, LLC and EVX Eagle Ford Partners, LLC, in connection with the sale of their 100% working interests in (i) the Fowlerton Salt Water Disposal Well situated in LaSalle County, Texas, (ii) the Cheapside Disposal Well situated in Gonzales County, Texas, and (iii) Fashing Salt Water Disposal Well situated in Atacosa County, Texas, for $8.5 million. The Buyer will assume and be liable for only the Assumed Liabilities expressly assumed pursuant to the Asset Purchase Agreement. The sale is free and clear of all Liens, Claims, and interests of any kind or nature whatsoever. The Debtors' assumption and assignment to the Buyer of the Assumed Contracts is authorized and approved in its entirety, and all requirements of sections 363 and 365 of the Bankruptcy Code with respect thereto are deemed satisfied. The Debtor are authorized and instructed to pay all Cure Costs, if any, as soon as practicable on or after Closing. The automatic stay provisions of section 362 of the Bankruptcy Code are lifted and modified to the extent necessary to implement the terms and conditions of the Asset Purchase Agreement and the provisions of the Order. Notwithstanding Bankruptcy Rules 6004(h) and 6006(d), the Order will be effective and enforceable immediately upon entry and its provisions will be self-executing. In the absence of any person or entity obtaining a stay pending appeal, the Debtors and the Buyer are free to close the Sale and the Transaction under the Asset Purchase Agreement and take all actions required under the Transaction Support Agreement at any time pursuant to the terms thereof. About Whitewater/ Evergreen Operations Whitewater/Evergreen Operations, LLC owns 50% interest in Fowlerton Salt Water Disposal Well. EFSWD 1 has 43% ownership interest in Cheapside Salt Water Disposal Well. SWD, LLC has 37% ownership interest in EFSWD 1. Whitewater/Evergreen Operations, LLC, (Bankr. D. Colo. Case No. 18-14535), SWD, LLC, (Bankr. D. Colo. Case No. 18-14537) and EFSWD 1, LLC (Bankr. D. Colo. Case No. 18-14542) filed voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code on May 24, 2018. Another affiliate, PH Grinders, LLC, filed for Chapter 11 (Case No. 18-14696) on May 30, 2018. The petitions were signed by Ben R. Doud, as their manager. The proceedings are jointly administered under Whitewater/Evergreen's case. The cases are assigned to the Hon. Kimberley H. Tyson. Whitewater/Evergreen Operations disclosed $8 million in assets against $11.6 million in liabilities as of the bankruptcy filing. Lee M. Kutner, Esq., at Kutner Brinen, P.C., serves as the Debtors' counsel. WOODBRIDGE GROUP: $11M Sale of Eldredge's Beverly Hills Propty. OKd ------------------------------------------------------------------- Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware authorized Woodbridge Group of Companies, LLC and its affiliated debtors to sell Debtor Eldredge Investments, LLC's real property located at 714 N. Oakhurst Drive, Beverly Hills, California, together with Seller's right, title, and interest in and to the buildings located thereon and any other improvements and fixtures located thereon, and any and all of the Seller's right, title, and interest in and to the tangible personal property and equipment remaining on the real property as of the date of the closing of the sale, to Yong Jin Chung for $10,578,000. The sale is free and clear of all liens, claims, interests, and encumbrances. All proceeds of the Sale (net of the Broker Fees and Other Closing Costs) will be paid to the Debtors into the general account of Debtor Woodbridge Group of Companies, LLC, and such net proceeds will be disbursed and otherwise treated by the Debtors in accordance with the Final DIP Order. The Debtors are authorized and empowered to pay the Broker Fees out of the Sale proceeds by paying the Seller's Broker Fee to Coldwell Banker in an amount up to 2% of the gross Sale proceeds, and paying the Purchaser's Broker Fee to Berkshire Hathaway in an amount up to 2% of the gross Sale proceeds. Any title insurer, escrow agent, or other intermediary participating in a closing of the Sale of the Property is authorized to disburse all funds at the closing of the Sale pursuant to the applicable settlement statement or escrow instructions provided by the parties to such Sale. The terms and conditions of the Order will be immediately effective and enforceable upon its entry notwithstanding any applicability of Bankruptcy Rule 6004(h). A copy of the Agreement attached to the Order is available for free at: http://bankrupt.com/misc/Woodbridge_Group_3254_Order.pdf About Woodbridge Group Headquartered in Sherman Oaks, California, The Woodbridge Group Enterprise -- http://www.woodbridgecompanies.com/-- is a comprehensive real estate finance and development company. Its principal business is buying, improving, and selling high-end luxury homes. The Woodbridge Group Enterprise also owns and operates full-service real estate brokerages, a private investment company, and real estate lending operations. The Woodbridge Group Enterprise and its management team have been in the business of providing a variety of financial products for more than 35 years, and have been primarily focused on the luxury home business for the past five years. Since its inception, the Woodbridge Group Enterprise has completed more than $1 billion in financial transactions. These transactions involve real estate, note buying and selling, hard money lending, and alternative financial transactions involving thousands of investors. Woodbridge Group of Companies and certain of its affiliates filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No. 17-12560) on Dec. 4, 2017. Woodbridge estimated assets and liabilities at between $500 million and $1 billion. The Chapter 11 cases are being jointly administered. Judge Kevin J. Carey oversees the case. Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq., Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey, Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher, LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J. Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel. Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as expert consultant, Moelis & Company LLC, as investment banker. The Debtors' financial advisors are Larry Perkins, John Farrace, Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman at SierraConstellation Partners, LLC. Beilinson Advisory Group is serving as independent management to the Debtors. Garden City Group, LLC, is the Debtors' claims and noticing agent. Venable LLP is the Fiduciary Committee of Unitholders' legal counsel. Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of Noteholders, and Conway MacKenzie, Inc., as its financial advisor. Pachulski Stang Ziehl & Jones is counsel to the Official Committee of Unsecured Creditors; and FTI Consulting, Inc., serves as its financial advisor. An official committee of unsecured creditors was appointed in the Chapter 11 cases on Dec. 14, 2017. On Jan. 23, 2018, the Court approved a settlement providing for the formation of an ad hoc noteholder group and an ad hoc unitholder group. WOODBRIDGE GROUP: $2.6M Sale of Mountain's Aspen Property Approved ------------------------------------------------------------------ Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware authorized Woodbridge Group of Companies, LLC and its affiliated debtors to sell Debtor Mountain Spring Investments, LLC's real property located at Lot R-79 Eppley Dr., Aspen, Colorado, together with Seller's right, title, and interest in and to the buildings located thereon and any other improvements and fixtures located thereon, and any and all of the Seller's right, title, and interest in and to the tangible personal property and equipment remaining on the real property as of the date of the closing of the sale, to Andrew Light and Garrett Reuss for $2.6 million. The sale is free and clear of all liens, claims, interests, and encumbrances. All proceeds of the Sale (net of the Broker Fees and Other Closing Costs) will be paid to the Debtors into the general account of Debtor Woodbridge Group of Companies, LLC, and such net proceeds will be disbursed and otherwise treated by the Debtors in accordance with the Final DIP Order. The Debtors are authorized and empowered to pay the Broker Fees out of the Sale proceeds by paying the Seller's Broker Fee in an amount up to 2.5% of the gross Sale proceeds and paying the Purchaser's Broker Fee in an amount up to 2.5% of the gross Sale proceeds. Any title insurer, escrow agent, or other intermediary participating in a closing of the Sale of the Property is authorized to disburse all funds at the closing of the Sale pursuant to the applicable settlement statement or escrow instructions provided by the parties to such Sale. The terms and conditions of the Order will be immediately effective and enforceable upon its entry notwithstanding any applicability of Bankruptcy Rule 6004(h). A copy of the Agreement attached to the Order is available for free at: http://bankrupt.com/misc/Woodbridge_Group_3233_Order.pdf About Woodbridge Group Headquartered in Sherman Oaks, California, The Woodbridge Group Enterprise -- http://www.woodbridgecompanies.com/-- is a comprehensive real estate finance and development company. Its principal business is buying, improving, and selling high-end luxury homes. The Woodbridge Group Enterprise also owns and operates full-service real estate brokerages, a private investment company, and real estate lending operations. The Woodbridge Group Enterprise and its management team have been in the business of providing a variety of financial products for more than 35 years, and have been primarily focused on the luxury home business for the past five years. Since its inception, the Woodbridge Group Enterprise has completed more than $1 billion in financial transactions. These transactions involve real estate, note buying and selling, hard money lending, and alternative financial transactions involving thousands of investors. Woodbridge Group of Companies and certain of its affiliates filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No. 17-12560) on Dec. 4, 2017. Woodbridge estimated assets and liabilities at between $500 million and $1 billion. The Chapter 11 cases are being jointly administered. Judge Kevin J. Carey presides over the case. Samuel A. Newman, Esq., Oscar Garza, Esq., Daniel B. Denny, Esq., Jennifer L. Conn, Esq., Eric J. Wise, Esq., Matthew K. Kelsey, Esq., and Matthew P. Porcelli, Esq., at Gibson, Dunn & Crutcher, LLP, and Sean M. Beach, Esq., Edmon L. Morton, Esq., Ian J. Bambrick, Esq., and Allison S. Mielke, Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the Debtors' bankruptcy counsel. Homer Bonner Jacobs, PA, as special counsel, Province, Inc., as expert consultant, Moelis & Company LLC, as investment banker. The Debtors' financial advisors are Larry Perkins, John Farrace, Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman at SierraConstellation Partners, LLC. Beilinson Advisory Group is serving as independent management to the Debtors. Garden City Group, LLC, is the Debtors' claims and noticing agent. Venable LLP is the Fiduciary Committee of Unitholders' legal counsel. Drinker Biddle & Reath LLP is counsel to the Ad Hoc Group of Noteholders, and Conway MacKenzie, Inc., as its financial advisor. Pachulski Stang Ziehl & Jones is counsel to the Official Committee of Unsecured Creditors; and FTI Consulting, Inc., serves as its financial advisor. An official committee of unsecured creditors was appointed in the Chapter 11 cases on Dec. 14, 2017. On Jan. 23, 2018, the Court approved a settlement providing for the formation of an ad hoc noteholder group and an ad hoc unitholder group. ZAHMEL RESTAURANT: Wants to Move Exclusive Filing Period to Feb. 1 ------------------------------------------------------------------ Zahmel Restaurant Supplies Corporation requests the U.S. Bankruptcy Court for the Eastern District of New York to further extend the Debtor's exclusive periods to file a plan of reorganization and solicit acceptances thereto for an additional 30 days to Feb. 1, 2019 and April 5, 2019, respectively. The Debtor admits that it filed this Chapter 11 to afford the Debtor additional time to complete a move to a new warehouse and office facility notwithstanding the pending litigation with its then-landlord. The move was completed on Aug. 8, 2018, when the Debtor surrendered possession of its former premises to the Landlord and formally moved into new facility at 99-51 11th Street, Astoria NY 11106. The Debtor relates that since the Petition Date, it has also negotiated a cash collateral stipulation with its two secured lenders which was approved by Order dated Aug. 9, 2018, and subsequently extended through Jan. 31, 2019 by a Stipulation and Order entered on Nov. 29, 2018. The Debtor has been operating in its new location under the terms of the cash collateral stipulation, and has stabilized its business following a minor anticipated disruptions occasioned by the move. The initial deadlines for the Debtor's exclusive period in which to file and confirm a plan of reorganization expired on Oct. 3, 2018 and Dec. 18, 2018, respectively. As a result, the Debtor moved for an extension of the periods for 90 days to Jan. 2, 2019 and March 4, 2019, respectively. The hearing on the motion was scheduled for Nov. 14, 2018 and was adjourned without hearing to Jan. 9, 2019 -- a date after the requested extended deadline. Accordingly, the Debtor seeks further extension of exclusivity in order to maintain the status quo. About Zahmel Restaurant Supplies Zahmel Restaurant Supplies Corp. is a restaurant supply distributor that maintains warehouse and related offices at 6235 30th Avenue, in Woodside, New York. The company has 45 employees and more than 50 creditors. Zahmel Restaurant Supplies Corp. filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No. 18-43312) on June 5, 2018. In the petition signed by Gil Appelbaum, vice president, the Debtor estimated $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Goldberg Weprin Finkel Goldstein LLP is the Debtor's counsel. ZELIS HEALTHCARE: S&P Alters Outlook to Positive & Affirms B+ ICR ----------------------------------------------------------------- S&P Global Ratings said it revised its outlook on Zelis Healthcare Corp. to positive from stable. S&P also affirmed its 'B+' issuer credit rating on the company. At the same time, S&P affirmed its 'B+' debt rating and '3' recovery rating, indicating our expectation for meaningful (50%) recovery of principal in the event of a default, on Zelis' $25 million revolver due June 2022 and $325 million first-lien loan due June 2023. The positive outlook reflects the continued overall improvement in Zelis' credit protection measures over the past few years due to earnings growth combined with a relatively conservative financial policy driven by private equity sponsor Parthenon Capital Partners. The company's credit metrics are a positive outlier relative to similarly rated health insurance services peers. S&P expects Zelis' differentiated business model to support positive operating performance going forward as they continue to derive additional benefit from strong organic growth through increased cross-selling opportunities as well as "tuck-in" acquisitions, resulting in sustained positive credit metrics. Zelis has successfully boosted revenue and EBITDA in the past few years. As of the 12 months ended Sept. 30, 2018, revenues grew 21% from the prior year and totaled $359 million, with S&P Global Ratings-adjusted EBITDA of $139 million. The cost-management segment, which includes network analytics and claims-cost management, represents about 75% of 2018 revenues and the payments segment 25%. The company has benefited from an increasing amount of clients receiving solutions from both product segments, and additional opportunities remain present. Margins have also shown improvement from approximately 35% at year-end 2017 to almost 39% as of the 12 months ended Sept. 30, 2018. Margin growth has been attributable to increased scale, especially at it relates to its payment solutions business. Also, the company continues to focus on technology upgrades, which are increasing profitability, and it has pursued business consolidation and, in turn, is realizing cost synergies. Driven by the performance improvement, Zelis has continued to reduce leverage since the initial investment in Stratose (one of Zelis' merged companies) in June 2015 when leverage peaked at 5.3x. As of the 12 months ended Sept. 30, 2018, leverage is 2.4x with EBITDA interest coverage of 7.1x. Zelis' credit metrics are a positive outlier and substantially better than other financial sponsor-owned rated peers in the health insurance services realm. The company continues to grow the business and invest in its underlying growth strategy with minimal focus on extracting value through potential dividend recapitalizations. They also continue to demonstrate interest in tuck-in acquisitions, funded through cash on the balance sheet. We acknowledge that additional debt financing is a possibility if the company pursues larger acquisitions. S&P said, "The positive outlook on Zelis reflects our expectation for a one-notch upgrade within the next 12 months if the company maintains a track record of profitable growth and diversification combined with a demonstrated conservative financial policy with leverage sustained well below 4.0x and coverage above 5.0x. This would be reflective of continued profitability through 2019 with mid- to upper-double-digit revenue growth and EBITDA margins between 38%-40%. "We could raise the ratings on Zelis if the company continues to exhibit sustained profitable growth and a debt leverage ratio of well below 4.0x and coverage above 5.0x, with the belief that the risk of releveraging is low. "We could revise the outlook to stable within the next 12 months if Zelis releverages to between 4.0x-4.5x debt to EBITDA with coverage between 2.5x-3.0x. We could lower our ratings in the next 12 months if Zelis raises debt meaningfully above our expectations and sees business deterioration with leverage above 4.5x and coverage falling below 2.5x. We could also lower the ratings if Zelis' liquidity becomes constrained so that liquidity sources fail to cover at least 1.2x required uses or its EBITDA cushion falls below 15%." [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re Shaun Donald Rory Mclean Bankr. D. Nev. Case No. 18-51435 Chapter 11 Petition filed December 21, 2018 represented by: Kevin A. Darby, Esq. DARBY LAW PRACTICE, LTD. E-mail: kad@darbylawpractice.com In re Frederick Scott Dattel Bankr. D. Kan. Case No. 18-22610 Chapter 11 Petition filed December 21, 2018 represented by: George J. Thomas, Esq. E-mail: geojthomas@gmail.com In re Michael J. Churney Bankr. N.D. Ohio Case No. 18-17535 Chapter 11 Petition filed December 21, 2018 represented by: Dennis J. Kaselak, Esq. E-mail: dkaselak@peteribold.com In re 3001 Decatur Trust Bankr. N.D. Tex. Case No. 18-44996 Chapter 11 Petition filed December 21, 2018 Filed Pro Se In re Amos Roy Morrison Bankr. S.D. Tex. Case No. 18-37169 Chapter 11 Petition filed December 21, 2018 Filed Pro Se In re KSW CPA, P.C. Bankr. N.D. Tex. Case No. 18-45021 Chapter 11 Petition filed December 24, 2018 See http://bankrupt.com/misc/txnb18-45021.pdf represented by: Craig Douglas Davis, Esq. DAVIS, ERMIS & ROBERTS, P.C. E-mail: davisdavisandroberts@yahoo.com In re Paradise Sands LLC Bankr. D. Ariz. Case No. 18-15578 Chapter 11 Petition filed December 26, 2018 Filed Pro Se In re Robert H Laquidara Bankr. D. Mass. Case No. 18-14755 Chapter 11 Petition filed December 26, 2018 represented by: Gregory M. Sullivan, Esq. LAW OFFICE OF GREGORY M. SULLIVAN E-mail: gsullivanlaw@aol.com In re Daniel E. Rogosin and Elizabeth Rogosin Bankr. C.D. Cal. Case No. 18-24870 Chapter 11 Petition filed December 26, 2018 represented by: Matthew D. Resnik, Esq. RESNIK HAYES MORADI LLP E-mail: matt@rhmfirm.com In re Panatha Chicken LLC Bankr. E.D.N.Y. Case No. 18-47321 Chapter 11 Petition filed December 26, 2018 See http://bankrupt.com/misc/nyeb18-47321.pdf represented by: Lawrence Morrison, Esq. MORRISON TENENBAUM, PLLC E-mail: lmorrison@m-t-law.com In re Industrial Lab Analysis, Inc. Bankr. N.D.W. Va. Case No. 18-01161 Chapter 11 Petition filed December 26, 2018 See http://bankrupt.com/misc/wvnb18-01161.pdf represented by: Thomas McK. Hazlett, Esq. HANLON, ESTADT, MCCORMICK & SCHRAMM E-mail: sgray@ohiovalleylaw.com In re 2140 Druid Hill Ave, LLC Bankr. D. Md. Case No. 18-26821 Chapter 11 Petition filed December 27, 2018 See http://bankrupt.com/misc/mdb18-26821.pdf represented by: Jasmin Marie Torres, Esq. TORRES & ASSOCIATES, LLC E-mail: Landsettlements@aol.com In re Uma Aventura LLC Bankr. S.D. Fla. Case No. 18-26096 Chapter 11 Petition filed December 28, 2018 See http://bankrupt.com/misc/flsb18-26096.pdf represented by: Stan L. Riskin, Esq. ADVANTAGE LAW GROUP, P.A. E-mail: stan.riskin@gmail.com In re La Placita Washington Heights Corp. Bankr. S.D.N.Y. Case No. 18-14194 Chapter 11 Petition filed December 28, 2018 See http://bankrupt.com/misc/nysb18-14194.pdf represented by: Norma E. Ortiz, Esq. ORTIZ & ORTIZ, LLP E-mail: email@ortizandortiz.com In re Vadim Perelman Bankr. S.D.N.Y. Case No. 18-14195 Chapter 11 Petition filed December 28, 2018 represented by: David L. Neale, Esq. LEVENE NEALE BENDER YOO & BRILL LLP E-mail: dln@lnbyb.com In re Cactus Circle Investments, LLC Bankr. W.D. Tex. Case No. 18-53054 Chapter 11 Petition filed December 28, 2018 See http://bankrupt.com/misc/txwb18-53054.pdf represented by: James Samuel Wilkins, Esq. WILLIS & WILKINS, LLP E-mail: jwilkins@stic.net In re 121 Sourcing & Supply LLC Bankr. D. Nev. Case No. 18-17558 Chapter 11 Petition filed December 27, 2018 See http://bankrupt.com/misc/nvb18-17558.pdf represented by: Steven L. Yarmy, Esq. E-mail: sly@stevenyarmylaw.com In re Alpha 344825 LLC Bankr. M.D. Fla. Case No. 18-11117 Chapter 11 Petition filed December 28, 2018 See http://bankrupt.com/misc/flmb18-11117.pdf represented by: Edward J. Peterson, III, Esq. STICHTER, RIEDEL, BLAIN & POSTLER, P.A. E-mail: epeterson@srbp.com In re Meyers-Sterner Industries, Inc. Bankr. M.D. Fla. Case No. 18-08047 Chapter 11 Petition filed December 31, 2018 See http://bankrupt.com/misc/flmb18-08047.pdf represented by: Seldon J Childers, Esq. CHILDERSLAW LLC E-mail: jchilders@smartbizlaw.com In re Melissa Ann Bailey Arizpe Bankr. M.D. Fla. Case No. 18-11189 Chapter 11 Petition filed December 31, 2018 represented by: Michael P. Brundage, Esq. BRUNDAGE LAW, P.A. E-mail: mpbrundagelaw@gmail.com In re Stephen David King Bankr. N.D. Ga. Case No. 18-71778 Chapter 11 Petition filed December 31, 2018 represented by: William Anderson Rountree, Esq. ROUNTREE & LEITMAN, LLC E-mail: wrountree@randllaw.com In re Building 1600, L.L.C. Bankr. N.D. Ga. Case No. 18-71813 Chapter 11 Petition filed December 31, 2018 See http://bankrupt.com/misc/ganb18-71813.pdf represented by: Paul Reece Marr, Esq. PAUL REECE MARR, P.C. E-mail: paul.marr@marrlegal.com In re 2671 Centerville Hwy, LLC Bankr. N.D. Ga. Case No. 18-71822 Chapter 11 Petition filed December 31, 2018 See http://bankrupt.com/misc/ganb18-71822.pdf represented by: Ian M. Falcone, Esq. THE FALCONE LAW FIRM, P.C. E-mail: attorneys@falconefirm.com In re 6138 JACKSON HIGHWAY, LLC Bankr. N.D. Ga. Case No. 18-71823 Chapter 11 Petition filed December 31, 2018 See http://bankrupt.com/misc/ganb18-71823.pdf represented by: Ian M. Falcone, Esq. THE FALCONE LAW FIRM, P.C. E-mail: attorneys@falconefirm.com In re Illinois River Winery, Inc. Bankr. N.D. Ill. Case No. 18-35892 Chapter 11 Petition filed December 31, 2018 See http://bankrupt.com/misc/ilnb18-35892.pdf represented by: Patrick M. Jones, Esq. PMJ PLLC E-mail: pmj@patjonesPLLC.com In re Tribeca Fit, Inc. Bankr. S.D.N.Y. Case No. 18-14214 Chapter 11 Petition filed December 31, 2018 See http://bankrupt.com/misc/nysb18-14214.pdf represented by: Vincent J. Roldan, Esq. BALLON STOLL BADER & NADLER P.C. E-mail: vroldan@ballonstoll.com In re Nicholas Vendemia Bankr. S.D.N.Y. Case No. 18-14220 Chapter 11 Petition filed December 31, 2018 represented by: Douglas J. Pick, Esq. PICK & ZABICKI LLP E-mail: dpick@picklaw.net In re Accubooks, LLC Bankr. S.D.N.Y. Case No. 18-23975 Chapter 11 Petition filed December 31, 2018 See http://bankrupt.com/misc/nysb18-23975.pdf represented by: Anne J. Penachio, Esq. PENACHIO MALARA LLP E-mail: apenachio@pmlawllp.com In re Afaf Ali Ahmad Bankr. S.D. Tex. Case No. 18-37392 Chapter 11 Petition filed December 31, 2018 represented by: Robert W. Berleth, Esq. E-mail: rberleth@berlethlaw.com In re William A. Abruzzino and Rebecca A. Abruzzino Bankr. M.D. Fla. Case No. 18-00002 Chapter 11 Petition filed January 1, 2019 represented by: Michael R Dal Lago, Esq. E-mail: mike@dallagolaw.com In re Alwin Gerald Morgan Bankr. S.D. Tex. Case No. 18-30004 Chapter 11 Petition filed January 1, 2019 represented by: Margaret Maxwell McClure, Esq. E-mail: margaret@mmmcclurelaw.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. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. 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