/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/190128.mbx T R O U B L E D C O M P A N Y R E P O R T E R Monday, January 28, 2019, Vol. 23, No. 27 Headlines 10 HOMESTEAD AVENUE: Seeks Authorization on Cash Collateral Use 1265 MCBRIDE: Seeks to Extend Exclusive Filing Period to June 18 160 ROYAL PALM: Exclusive Filing Period Extended Until Feb. 28 550 SEABREEZE: Exclusive Plan Filing Period Extended Until Feb. 22 6 VIA PARADISO: Unsecureds to Get 5% Under Chapter 11 Plan A V CAR & HOME: Notice of Property Auction Added in New Plan ABE'S BOAT: Exclusive Filing Period Extended Until Feb. 28 ACAR WIND DOWN: Files Chapter 11 Plan of Liquidation AEGEAN MARINE: To Pay Unsecureds 100% Under Proposed Plan AL THERAPY: Unsecureds to Get $1,000 Per Month for 60 Months AMERICAN CENTER: M. Engelberg Seeks Ch. 11 Trustee Appointment AMERICAN GREEN: Trustee Taps Norton Rose Fulbright as Counsel ANDREW'S & SON: Seeks to Extend Exclusive Filing Period to May 9 AREABEATS PROPERTIES: Seeks to Hire Restaurant Realty as Broker AVOWOOD INC: Hires Bernstein Burkley as Special Counsel BEAVER DAIRY: Committee Hires Andreozzi Bluestein as Counsel BIG COOP'S: Case Summary & 20 Largest Unsecured Creditors BLUE EAGLE FARMING: Seeks to Extend Exclusivity Period to May 5 BOB GIBBS & ASSOCIATES: Seeks to Hire Jason A. Burgess as Counsel BSC HOLDINGS: Seeks to Hire Thompson Burton as Counsel CAELIAFILS CORP: Seeks to Hire Balisok & Kaufman as Counsel CALLAMAC INC: Hires Bernstein Burkley as Special Counsel CAPITOL CITY: Feb. 20 Hearing on Disclosure Statement CHARLESTON HOTEL: Voluntary Chapter 11 Case Summary CJA ENERGY: Feb. 21 Plan Confirmation Hearing CLASS WAR: Case Summary & 14 Unsecured Creditors COBRA WELL: Operating Income to Fund Chapter 11 Plan COPPER CANYON: Unsecureds to Get 100% Over 2 Yrs, at 5% Interest CURAE HEALTH: Exclusivity Period Extended Until Feb. 20 CWP CABINETS: Seeks to Hire J. Scott Williams as Counsel CYPRESS URGENT: March 13 Plan Confirmation Hearing Set DAN MAZZOLA: Seeks to Extend Exclusivity Period to April 19 DAVID'S BRIDAL: Hires Deloitte Tax as Tax Service Provider DOUBLE L FARMS: Allowed to Use Cash Collateral Until Sept. 30 EAST END BUS: Exclusive Filing Period Extended Until May 10 ENCOUNTER MEDICAL: Seeks Authorization to Use Cash Collateral ETCHER FARMS: Seeks Access to Cash Collateral Until Feb. 23 FALLS EVENT: Trustee Taps Jones Lang LaSalle as Broker FARROW GROUP: Case Summary & 7 Unsecured Creditors FLO-TECH INC: Seeks to Hire Keery McCue as Counsel FRANK THEATRES: Taps Prime Clerk as Administrative Advisor GARDEN OAKS: Unsecured Creditors to Get $50,000 Under Ch. 11 Plan GIGA WATT: DOJ Watchdog Names Mark Waldron as Ch. 11 Trustee GLANSAOL HOLDINGS: Committee Seeks to Hire Arent Fox as Counsel GRAND VIEW FINANCIAL: Exclusivity Period Extended Until Feb. 15 GROWCO INC: Case Summary & 20 Largest Unsecured Creditors GROWCO PARTNERS: Involuntary Chapter 11 Case Summary GUARDIAN EXTERIORS: Case Summary & 20 Largest Unsecured Creditors GYMBOREE GROUP: U.S. Trustee Forms 5-Member Committee H. BURKHART: $230K Sale of Knox Property to McGuirks Denied H2O BAGEL: Exclusivity Period Extended Until Feb. 19 HEKMATJAH FAMILY: Seeks to Hire Havkin & Shrago as Counsel IHEARTMEDIA INC: Seeks to Extend Exclusivity Period to April 30 INNOVATIVE CONSTRUCTION: Seeks to Hire ERA Team as Realtor INNOVATIVE MATTRESS: U.S. Trustee Forms 7-Member Committee INPIXON: May Issue Additional 5.2 Million Shares Under 2018 ESIP IPS WORLDWIDE: Case Summary & 20 Largest Unsecured Creditors IWORLD OF TRAVEL: Unsecureds to Get 6% Quarterly Over 5 Years JAMES FOODS: Bankruptcy Administrator Unable to Appoint Committee JAMES FOODS: Hires Lynn Smith as Chief Restructuring Officer JAMES FOODS: Seeks Authorization on Cash Collateral Use JAMES GARRISON: $179K Sale of Boaz Property Approved JME TRUCKING: Unsecureds to Recoup 100% in Latest Plan JOSEPH'S TRANSPORTATION: May Use Cash Collateral Until April 16 JPM REALTY: Seeks More Time to File Bankruptcy Plan K & B DIRECTIONAL: Authorized to Use Cash Collateral on Final Basis KEYCORP LLC: Case Summary & 20 Largest Unsecured Creditors KOI DESIGN: Case Summary & 20 Largest Unsecured Creditors L REIT LTD: Authorized to Use Cash Collateral Until March 31 LANDING AT BRAINTREE: Seeks Authorization to Use Cash Collateral LBI MEDIA: Noteholders Object to Disclosure Statement LIFE ENHANCEMENT: Trustee Files Chapter 11 Liquidating Plan LUBY'S INC: Releases Preliminary Results from Annual Meeting MACAULEY CONTRACTING: Hires Kurtzman Steady as Attorney MARTIN'S FISHING: Amends Treatment of IRS Secured Claim MATTRESS OVERSTOCK: Taps Golding Law Offices as Legal Counsel MCCLATCHY CO: Amends Employment Agreement with President & CEO MISSING LYNX: Unsecureds to Get 100% in 60 Monthly Payments MISSION COAL: Seeks to Extend Exclusive Filing Period to May 12 MULTIFLORA GREENHOUSES: Administrator Seeks Examiner, Trustee MUSCLEPHARM CORP: Stockholders Elect Four Directors N.Y. DIMPLE TAXI: Case Summary & 2 Unsecured Creditors NATIONAL MENTOR: Moody's Assigns B2 CFR, Outlook Stable NORTHERN OIL: Tailwater Beneficially Owns 5.6% Stake as of Dec. 31 OAKLAND PARK: Seeks to Hire Florida Bankruptcy as Attorney OPTICAL HOLDINGS: Seeks to Extend Exclusivity Period to March 24 PACHANGA INC: Exclusivity Period Extended Until April 12 PACIFIC DRILLING: Seeks to Hire Wildgen as Special Counsel PALOMAR HEALTH: Moody's Affirms Ba1 Rating on $609MM Debt PAYLESS INC: Moody's Lowers CFR to Ca & Alters Outlook to Negative PBF HOLDING: Moody's Alters Outlook on Ba3 CFR to Positive PEPPERELL MILLS: Amends Treatment of Bank Five, FROED Claims PG&E CORP: Cleared of Causing Deadly 2017 Tubbs Fire PG&E CORP: Still Filing for Bankruptcy Despite Tubbs Fire Report PHILMAR CARE: Committee Seeks to Hire Arent Fox as Counsel PRIMARY PROVIDERS: BancorpSouth Prohibits Cash Collateral Use PROTEROS LLC: Seeks Authorization to Use Cash Collateral PUGLIA ENGINEERING: Unsecureds to Get Payments from Three Sources QUALITY PLYWOOD: Voluntary Chapter 11 Case Summary QUANTUM CORP: Armanino Replaces PricewaterhouseCoopers as Auditor REAGOR-DYKES SNYDER: Seeks Approval on $4.75-Mil Loans, Cash Use REAL CARE: Hires Mestechkin Law as Special Counsel REVERE POWER: Moody's Rates $585MM Sr. Sec. Credit Facilities Ba3 REYNOLDS DEVELOPMENT: Feb. 19 Plan Confirmation Hearing RLWRHC INC: Hires Robert L. Russell and Ahlgren Law as Counsel ROBERT SILLERMAN: Creditors Want RPI Appointed as Committee Member RONALD L WINN: U.S. Trustee Unable to Appoint Committee SABIR PROPERTIES: Unsecured Creditors to Get 100% Under Plan SHARING ECONOMY: Terminates Exclusivity Agreement with ECrent SKYMARK PROPERTIES: Seeks Authority to Use Cash Collateral SKYMARK PROPERTIES: Seeks to Hire Wolfson Bolton as Counsel SOVRANO LLC: Has Interim Approval to Use Cash Collateral SPECIALTY RETAIL: Hires Prime Clerk as Claims and Noticing Agent T CAT ENTERPRISE: Seeks Until Feb. 10 to File Plan, Disclosures TITAN INT'L: Moody's Puts B3 CFR Under Review for Downgrade TOWN STAR: Case Summary & 20 Largest Unsecured Creditors TRINITY INVESTMENT: Objects to Sigma's $6.7MM Secured Claim VERNON PARK: Authorized to Use Cash Collateral Until March 27 VERRI CHIROPRACTIC: PCO Appointment Not Necessary, Pa. Judge Says W.L. GOODFELLOWS: Hires Flaster Greenberg as Attorney WALK HILL/CANTERBURY: Hires Gary W. Cruichshank as Counsel WALL STREET THEATER: Modifies Treatment of CEN, Supertech Claims WAYMAN LAND: Seeks to Extend Exclusive Filing Period by 60 Days WESTMORELAND COAL: Exclusivity Period Extended WILSON MANIFOLDS: Seeks More Time to File Plan, Solicit Votes WOODLAWN COMMUNITY: Hires KMA Bodilly as Tax Service Provider YUMA ENERGY: Paul McKinney Quits as President and COO [^] BOND PRICING: For the Week from January 21 to 25, 2019 ********* 10 HOMESTEAD AVENUE: Seeks Authorization on Cash Collateral Use --------------------------------------------------------------- 10 Homestead Avenue, LLC, seeks authority from the U.S. Bankruptcy Court for the District of Massachusetts to use the cash collateral of its secured creditors, including but not limited to Northeast Bank, Endeavor Capital Finance, and Atlantic Mortgage. Homestead is the Developer of 4 separate condominium units in a 4 unit building located at 10 Homestead Avenue, Quincy, MA 02169. Unit one was subject to a Purchase and Sale Agreement on the Petition Date and is subject to Motion to Sell filed on Dec. 17, 2018. Two Units are currently rented. The proposed Buyer of Unit 1 is an occupant of one of the 2 occupied units. The Debtor receives rent with regard to the Property. The Debtor believes the property is subject to the following mortgages, statutory and judicial liens, and assignment of rents: (a) Northeast Bank holds a mortgage in the original balance of $585,000. Said sum was used to refinance the previous mortgage securing the 10 Homestead Avenue property prior to it being converted to condominiums. The current balance of said mortgage is approximately $600,000. (b) Said same Northeast Mortgage also secures a guaranty by Debtor of a previous obligation of Landing at Braintree, LLC. Landing is another LLC of which the Debtor's member (William Barry) is also a sole member. Landing also filed a Chapter 11, Case No. 18-14159-CJP. The original Landing balance secured by the Northeast Mortgage is $1,050,000. The Landing owns 10 condominium rental units located in the same one building. The assessed value of the 10 units is $1,443,700; and currently earns sufficient rental income to cure any arrears, and make the mortgage payments secured by said 10 units. The Guaranty Balance is fully secured by the Landing property. (c) Endeavor Capital Bank holds a mortgage in the approximate amount of $35,000 which was recorded subsequent to Northeast's Mortgage. The Debtor claims Endeavor mortgage is totally unsecured. (d) The City of Quincy is due approximately $8,159 in Property taxes. (e) Atlantic Mortgage and Loan Company, Inc. holds a mortgage on the Quincy Property in an unspecified amount, which is totally unsecured. The Debtor is not aware of any other liens on the Quincy Property except that the Debtor owes property taxes. The Northeast Mortgage and Assignment secures rents, accounts, accounts receivables, contract rights and rents and profits. The Quincy Property is currently insured in the amount of $1,642,500. The Debtor is also requesting that periodic monthly post-petition of principal and interest payments of approximately $4,000 per month to Northeast be waived given a Buyer is located for Unit One, and a closing is scheduled for Jan. 15, 2019. As adequate protection, the Debtor proposes the following: (a) To continue maintaining insurance on the Property; (b) To grant Northeast Bank a replacement lien on the same type of postpetition property of the estate against which Northeast Bank held lien as of the Petition Date. Said replacement lien will maintain the same priority, validity and enforceability as Northeast Bank's pre-petition lien. Said replacement lien will be recognized only to the extent of the diminution in value of Northeast Bank's pre-petition collateral after the petition date resulting from the Debtors' use of cash collateral during the pendency of the case; (c) To set aside on a monthly basis and to pay when due the real estate taxes accruing on the property; (d) To pay the utilities of the Quincy property including, electricity and gas; (e) To pay the water and sewer; and (f) To pay the quarterly U.S. Trustee fees. A full-text copy of the Cash Collateral Motion is available at http://bankrupt.com/misc/mab18-14158-47.pdf About 10 Homestead Avenue 10 Homestead Avenue, LLC, is the developer of 4 separate condominium units in a 4-unit building located at 10 Homestead Avenue, Quincy, MA 02169. Landing at Braintree, LLC, is the owner of all 10 separate condominium units that occupy a 10 unit building located at 125-141 Commercial Street, Braintree, MA 02184. 10 Homestead Avenue, LLC, and 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 oversees Case No. 18-14158 while the Hon. Christopher J. Panos oversees Case No. 18-14159. The Ann Brennan Law Offices serves as the Debtors' counsel. The Law Office of Lipman & White, is the special counsel. 1265 MCBRIDE: Seeks to Extend Exclusive Filing Period to June 18 ---------------------------------------------------------------- 1265 McBride Ave., LLC asked the U.S. Bankruptcy Court for the District of New Jersey to extend the period during which it has the exclusive right to file a Chapter 11 plan through June 18, and to solicit acceptances for the plan through Aug. 16. Thomas O'Beirne, member of 1265 McBride, disclosed in a court filing that efforts to market the company's real property for sale have not been successful enough and that if the property is not sold, the plan will be funded with a new capital contribution from him. Mr. O'Beirne, however, expressed belief that a sale of the property is still possible. If sold, the company will be able to pay in full the mortgage claim and the remaining claims against its bankruptcy estate, he said. About 1265 McBride Ave. 1265 McBride Ave. LLC owns a real property located at 1265-1267 McBridge Avenue Woodland Park, New Jersey, having an appraised value of $6.63 million. 1265 McBride sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-22659) on June 22, 2018. In the petition signed by Thomas J. O'Beirne, sole member, the Debtor disclosed $6.65 million in assets and $6.67 million in liabilities. Judge John K. Sherwood presides over the case. The Debtor tapped Rabinowitz, Lubetkin & Tully, LLC as legal counsel; Steven A. Reiss & Company, LLC as accountant; and USA Tax Appeals LLC as appraiser. 160 ROYAL PALM: Exclusive Filing Period Extended Until Feb. 28 -------------------------------------------------------------- Judge Erik Kimball of the U.S. Bankruptcy Court for the Southern District of Florida granted the request of 160 Royal Palm, LLC to extend the period during which it has the exclusive right to propose a plan through Feb. 28, and to solicit acceptances for the plan through April 29. The bankruptcy judge also set Feb. 28 as the deadline for the company to file a plan and disclosure statement. The extension will allow the company to pursue and resolve various contested matters and the potential sale of its assets that will have an impact on the terms of its plan, according to court filings. About 160 Royal Palm 160 Royal Palm, LLC is a Florida limited liability company, which owns prime real property consisting of a partially constructed hotel/condominium located at 160 Royal Palm Way, Palm Beach, Florida. The property is under state court receivership. 160 Royal Palm filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-19441) on Aug. 2, 2018. In the petition signed by Cary Glickstein, sole and exclusive manager, the Debtor disclosed $16,447,759 in total assets and $114,926,976 in total liabilities. The case has been assigned to Judge Erik P. Kimball. The Debtor tapped Philip J. Landau, Esq., at Shraiberg, Landau & Page, P.A., as its counsel; and Greenberg Traurig, P.A. as its special counsel and title agent. No official committee of unsecured creditors has been appointed in the Debtor's case. 550 SEABREEZE: Exclusive Plan Filing Period Extended Until Feb. 22 ------------------------------------------------------------------ Judge Raymond Ray of the U.S. Bankruptcy Court for the Southern District of Florida issued an order extending the period during which 550 Seabreeze Development, LLC has the exclusive right to file a Chapter 11 plan through Feb. 22, and to solicit acceptances for the plan through April 23. About 550 Seabreeze Development 550 Seabreeze Development LLC is a general contractor located in Fort Lauderdale, Florida. It is a single asset real estate (as defined in 11 U.S.C. Section 101(51B)). The company filed as a Florida limited liability in Florida in September 2003. 550 Seabreeze Development sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-12193) on Feb. 26, 2018. In its petition signed by Kenneth Bernstein, authorized representative, the Debtor estimated assets and liabilities of $10 million to $50 million. Judge Raymond B. Ray presides over the case. Genovese Joblove & Battista, P.A., is the Debtor's legal counsel. No official committee of unsecured creditors has been appointed in the Debtor's case. 6 VIA PARADISO: Unsecureds to Get 5% Under Chapter 11 Plan ---------------------------------------------------------- 6 Via Paradiso LLC filed a Chapter 11 plan of reorganization and accompanying disclosure statement. General Unsecured Claims, classified in Class 2, will receive payment of 5% of each Allowed Claim in cash as soon as reasonably practicable after the later of (i) the Effective Date of the Plan, (ii) the date such Class 2 Claim becomes Allowed, or (iii) such other date as may be ordered by the Bankruptcy Court. Class 2 is an Impaired Class. Chase Bank Secured Claim, classified in Class 1, will receive monthly principal and interest payments in the amount of $1,539.29, which is an amount based upon the Stipulated value of the Property being $250,000, amortized over a term of 30 years, at a fixed rate of 6.25% per annum, such payments to commence as reasonably practicable after the later of (i) the effective date of the Plan or (iii) such other date as may be ordered by the Bankruptcy Court. Class 1 is an Impaired Class. On the Effective Date, without any further action by Debtor or Reorganized Debtor, all of the Debtor's assets shall vest in Reorganized Debtor, subject to the terms and conditions of the Plan. A full-text copy of the Disclosure Statement dated January 7, 2019, is available at https://tinyurl.com/ybds3d9k from PacerMonitor.com at no charge. About 6 Via Paradiso 6 Via Paradiso, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 17-16658) on Dec. 14, 2017. At the time of the filing, the Debtor estimated assets of less than $500,000 and liabilities of less than $1 million. Judge Laurel E. Davis presides over the case. The Debtor tapped Andersen Law Firm, Ltd. as its legal counsel. A V CAR & HOME: Notice of Property Auction Added in New Plan ------------------------------------------------------------ A V Car and Home, LLC, filed its disclosure statement with respect to its amended chapter 11 plan of liquidation. The amended plan provides that the Confirmation Order will provide for the sale of the Washington D.C. Property via auction. The Auction will occur within thirty days of the later of the dates that (1) the Bankruptcy Court has entered an order authorizing the sale of the Property free and clear of liens, which is not stayed;(2)the Bankruptcy Court has entered an order authorizing the Debtor to sell both the Debtor's and the Brown Trustee's interest in the Property pursuant to 11 U.S.C. section 363(h);(3)the Bankruptcy Court has (i) entered an order authorizing the sale of the Property free and clear of the Adverse Possession Case, which is not stayed; or (ii) the Superior Court for the District of Columbia has entered final judgment as to all parties in the Adverse Possession Case, which is not stayed; and(4)the Debtor has filed a notice of auction, which is served on all creditors and potential purchasers. The Auction Notice will be served within five business days of the satisfaction of the first three provisions of this paragraph. A copy of the Disclosure Statement is available at https://is.gd/vf4phV from Pacermonitor.com at no charge. About A V Car & Home A V Car & Home LLC, a company based in Washington, DC, is engaged in activities related to real estate. A V Car & Home sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. D.C. Case No. 18-00434) on June 20, 2018. In the petition signed by Shawntell Parker, authorized representative, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. Judge Martin S. Teel, Jr., presides over the case. ABE'S BOAT: Exclusive Filing Period Extended Until Feb. 28 ---------------------------------------------------------- Judge Elizabeth Magner of the U.S. Bankruptcy Court for the Eastern District of Louisiana granted the request of Abe's Boat Rentals, Inc. to extend the period during which it has the exclusive right to file a Chapter 11 plan through Feb. 28, and to solicit acceptances for the plan through April 30. Abe's Boat Rentals filed a Chapter 11 plan of reorganization in August last year, which provided for a sale of 100% of the equity interests to J Sercovich, LLC. In November, the company filed a revised plan with Orinoco Natural Resources, LLC as the new plan sponsor. Orinoco, which was allegedly concerned with unanticipated expense of the deal and Abe's Boat's bankruptcy case in general, withdrew from the deal in December. 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. ACAR WIND DOWN: Files Chapter 11 Plan of Liquidation ----------------------------------------------------- ACAR Wind Down, Inc., f/k/a ActiveCare, Inc., et al., proposed a combined disclosure statement and Chapter 11 plan of liquidation. Class 5 - General Unsecured Claims are impaired. Each Holder of an Allowed General Unsecured Claim shall receive such Holder's Pro Rata Share of the beneficial interest in the Creditor Trust and as beneficiary of the Creditor Trust shall receive, on a distribution date, their Pro Rata Share of net Cash derived from the Creditor Trust Assets available for Distribution on each such distribution date as provided under the Combined Plan and Disclosure Statement and Creditor Trust Agreement, as full and complete satisfaction of the Claims against the Creditor Trust. The Debtors estimate that the aggregate amount of Allowed General Unsecured Claims will be approximately $32,139,421.80 based on the Debtors' Schedules and Claims asserted against the Estates. Class 2 - First Lien Claims. Holders of Claims in Class 2 are Impaired. PFG's First Lien Claims are deemed Allowed Claims. PFG shall receive, subsequent to Confirmation, (i) any funds in the Debtors' bankruptcy Estates that are in excess of $250,000 and the necessary expenses incurred in the process of obtaining Confirmation; (ii) the Debtors' accounts receivable; (iii) proceeds from the sale of any furniture, fixtures, and equipment; (iv) the Earn Out Payment from Purchaser; and (v) a portion of the Litigation Proceeds until PFG is paid in full. Holders of Claims in Class 2 shall not receive any distribution from the Creditor Trust or Creditor Trust Assets based on any Deficiency Claim. Class 6 - Equity Interests are impaired. Holders of Equity Interests will retain no ownership interests or distribution under the Combined Plan and Disclosure Statement. The Creditor Trust Assets shall be comprised of the Estate Causes of Action and the Trust Funding, which amounts will be the source of Distributions to Holders of Class 5 Claims. All of the Acquired Assets of the Debtors have already been transferred to Purchaser upon Close of Sale. Any Residual Assets as of the Effective Date will be transferred to and vest in the Creditor Trust to be liquidated by the Creditor Trustee. Litigation Proceeds will be distributed in accordance with this Combined Plan and Disclosure Statement. On the Effective Date, the Debtors shall cause the Trust Funding and Estate Causes of Action to be transferred to the Creditor Trust. On the Effective Date, the Debtors shall cause the Debtors’ remaining Cash (less the Commission Claims Amount and the Trust Funding), all rights associated with the Earn Out Payment from the Purchaser, accounts receivable, and furniture fixtures and equipment shall be transferred to PFG and the proceeds of such assets shall be applied to PFG's Claim. A combined hearing to consider approval of the Disclosure Statement and confirmation of the Plan will be held on March 20, 2019 at 10:00 a.m. (ET). Objections to the Disclosure Statement and Plan are due March 4, 2019 at 4:00 p.m. (ET). A full-text copy of the Disclosure Statement dated January 9, 2019, is available at https://tinyurl.com/ybbthxuv About ActiveCare Inc. ActiveCare, Inc. -- https://www.activecare.com/ -- is a real-time health analytics and monitoring company that provides self-insured health plans with solutions that significantly reduce the impact and cost of diabetes. ActiveCare, Inc., along with affiliates 4G Biometrics, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-11659) on July 15, 2018. In the petitions signed by CEO Mark J. Rosenblum, ActiveCare, Inc., declared total assets of $2,623,458 and $41,787,746 in liabilities. The Hon. Laurie Selber Silversteinis the case judge. The Debtors tapped Polsinelli PC, led by Christopher A. Ward, Esq., as counsel; and Gavin/Solmonese LLC as financial advisor and asset sale advisor. Lucy Thomson serves as consumer privacy ombudsman in the case. The U.S. Trustee appointed an official committee of unsecured Creditors in the cases. The Committee tapped Orrick, Herrington & Sutcliffe LLP and Klehr Harrison Harvey Branzburg, LLP, as co-counsel, and RSR Consulting, LLC, as financial advisor. On Jan. 9, 2019, the corporate name of ActiveCare, Inc., was changed to ACAR Wind Down, Inc. AEGEAN MARINE: To Pay Unsecureds 100% Under Proposed Plan --------------------------------------------------------- Aegean Marine Petroleum Network Inc. and its affiliates filed a disclosure statement for their joint plan of reorganization dated Jan. 15, 2019. The Debtors have engaged in extensive good faith negotiations with Mercuria, the Committee, the Consenting Unsecured Noteholders, AmEx, and other parties in interest regarding the consensual restructuring of the Debtors' obligations following the Petition Date. The Plan represents the culmination of these negotiations and embodies a global settlement memorialized in the Restructuring Support Agreement. The Debtors and the other parties to the Restructuring Support Agreement believe that the Plan provides the best available path forward for these chapter 11 cases and maximizes the value of the Debtors' estates. Generally, the Plan provides for the following treatment of Claims and Interests: * satisfies in full Allowed Administrative Claims and Allowed Priority Tax Claims, if any, against all Debtors; * provides for 100% recoveries on account of Allowed Other Secured Claims, Allowed Other Priority Claims, Allowed Secured Term Loan Claims, and Allowed General Unsecured Claims against all subsidiary Debtors (i.e., other than Aegean); * provides that Holders of Allowed Aegean Unsecured Claims will receive their Pro Rata share of (i) $40 million in Cash (i.e., the Aegean Unsecured Claims Cash Pool) and (ii) Class A Litigation Trust Units in the Litigation Trust, which shall own and monetize the Litigation Claims for the benefit of Holders of Allowed Aegean Unsecured Claims and, potentially, equity holders; * provides that Holders of Allowed Section 510(b) Claims and Allowed Interests in Aegean will receive their Pro Rata share of Class B Litigation Trust Units (i.e., second in priority relative to the Class A Litigation Trust Units) in the Litigation Trust; and * equitizes obligations owing to Mercuria under the DIP Credit Facility Claims. The Plan enjoys the support of: (i) the Debtors; (ii) Mercuria, the Debtors' primary prepetition secured lender, sole DIP Lender, and approximately 30 percent equity holder; (iii) the Committee, the statutory fiduciary for all of the Debtors’ general unsecured creditors; and (iv) the majority of Holders of Class 4A Claims (Aegean Unsecured Claims), including (a) [59] percent of the principal amount outstanding of the Unsecured Notes and (b) AmEx, the largest individual non-Unsecured Noteholder unsecured creditor at Aegean. The distributions under the Plan will be funded by the following sources of cash and consideration: (i) Cash on hand, proceeds of the DIP Facilities, and/or Cash funded by Mercuria; (ii) the issuance and distribution of Reorganized Aegean Equity Interests and Litigation Trust Interests; and (iii) proceeds from the Exit Facility (if any). A copy of the Disclosure Statement is available at: http://bankrupt.com/misc/nysb18-13374-302.pdf About Aegean Marine Petroleum Network Aegean Marine Petroleum Network Inc. -- http://www.ampni.com/-- is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in more than 30 markets and a team of professionals ready to serve its customers wherever they are around the globe. Aegean Marine Petroleum Network Inc., et al., sought bankruptcy protection on Nov. 6, 2018 (Bankr. D. Del. Lead Case No. Case No. 18-13374). The jointly administered cases are pending before Judge Hon. Michael E. Wiles. In the petition signed by Spyridon Fokas, general counsel and secretary, Aegean Marine estimated assets of $1 billion to $10 billion and total liabilities of $500 million to $1 billion. The Debtors tapped Kirkland & Ellis International LLP as general counsel; Moelis & Company as Financial Advisor; Ernst & Young LLP, as restructuring advisor; Epiq Bankruptcy Solutions, LLC as claims agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors on Nov. 15, 2018. The committee tapped Akin Gump Strauss Hauer & Feld LLP as its legal counsel. AL THERAPY: Unsecureds to Get $1,000 Per Month for 60 Months ------------------------------------------------------------ AL Therapy, LLC, filed a Chapter 11 plan of reorganization and accompanying disclosure statement. Class 5 - Allowed Unsecured Claims are impaired and will be satisfied as follows: The Unsecured Creditors will share pro-rata in the Unsecured Creditor's Pool. The Debtor will pay $1,000 per month for a period of 60 months into the Unsecured Creditors Pool. The Unsecured Creditors will be paid quarterly on the last day of each calendar quarter. Payments to the Unsecured Creditors will commence on the last day of the first full calendar quarter after the Effective Date. Class 2 - Allowed Internal Revenue Service Tax Claim are impaired and will be satisfied as follows: The Allowed Amount of all Internal Revenue Services ("IRS") claims will be paid out of the continued operations of the business. The IRS priority claim will be allowed in the amount of $7,894.52. The IRS Priority Claims will be paid in full over a 60 month period commencing on the Effective Date, with interest at a rate of 5% per annum. The monthly payment shall be approximately $149. Class 3 - Allowed Priority Tax Claims of the Texas Workforce Commission are impaired and will be satisfied as follows: The Debtors owes Unemployment Taxes to the Texas Workforce Commission ("TWC") in the amount of priority tax amount of $890.92. The Debtors will pay the Priority Claim of the TWC in full with interest at the rate of 6.50% per annum in 2 equal monthly payments commencing on the Effective Date. Class 4 - Allowed Secured Claim of Wells Fargo Bank N.A. are impaired and will be satisfied as follows: The Debtor executed that certain Promissory Note dated December 16, 2016 in favor of Wells Fargo Bank, N.A., in the original principal amount of $699,900. The Note was secured by among other things that certain Commercial Security Agreement of even date, providing a security interest in all inventory chattel paper, accounts, equipment, general intangibles and fixtures. As of the Petition Date, Wells Fargo asserted a claim in the amount of $653,316.68. The Debtor would show the value of the Collateral is $400,000. Wells Fargo will have a Secured Class 4 Claim in the amount of $400,000, and a Class 5 Unsecured Claim in the amount of $253,316. The Debtor will pay the Class 4 Claim in 120 equal monthly payments with interest at the rate of 5% per annum commencing on the Effective Date. The monthly payment shall be $4,250. The Debtor anticipates using the on-going business income of the Debtor to fund the Plan. All payments under the Plan will be made through the Disbursing Agent. A full-text copy of the Disclosure Statement dated January 7, 2019, is available at https://tinyurl.com/y7av3vxf from PacerMonitor.com at no charge. About AL Therapy LLC AL Therapy LLC filed a Chapter 11 petition (Bankr. N.D. Tex. Case No. 18-32694) on Aug. 10, 2018. In the petition signed by its managing member, Lyle Matthis, the Debtor estimated $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Eric A. Liepins, P.C., led by principal Eric A. Liepins, is the Debtor's counsel. AMERICAN CENTER: M. Engelberg Seeks Ch. 11 Trustee Appointment -------------------------------------------------------------- Michael Engelberg asks the U.S. Bankruptcy Court for the District of New Jersey to appoint a Chapter 11 trustee for American Center for Civil Justice, Inc. Michael Engelberg is represented by: Morris S. Bauer, Esq. NORRIS MCLAUGHLIN, P.A. 400 Crossing Boulevard, 8th Floor Bridgewater, New Jersey 08807 Tel.: (908) 722-0700 Email: msbauer@norris-law.com -- and -- David D. Howe, Esq. Jeffrey E. Livingston, Esq. 747 Third Avenue, 20th Floor New York, NY 10017 Tel.: 212-986-7887 Emails: david@livinstonhowe.com jeff@livingstonhowe.com About American Center for Civil Justice American Center for Civil Justice, Inc., is a tax-exempt organization that provides legal services. The organization defends human and civil rights by advocating and aiding lawsuits by victims of oppression, acts of violence and other injustices. American Center for Civil Justice filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 18-15691) on March 23, 2018. In the petition signed by Elie Perr, president, the company estimated $10 million to $50 million in assets and liabilities. The Honorable Christine M. Gravelle presides over the case. Timothy P. Neumann, Esq. , of Broege, Neumann, Fischer & Shaver LLC is the Debtors' counsel. AMERICAN GREEN: Trustee Taps Norton Rose Fulbright as Counsel ------------------------------------------------------------- William Greendyke, Chapter 11 trustee for American Green Technology, Inc., received approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Norton Rose Fulbright U.S. LLP as his legal counsel. The firm will provide these services: (a) advise the trustee regarding his powers and duties in the continued operation of the Debtor's business and management of its properties; (b) advise the trustee regarding the disposition of the Debtor's executory contracts; (c) assist the trustee in cash collateral and financing negotiations and litigation; (d) assist the trustee in the development, negotiation, litigation and confirmation of a chapter 11 plan of reorganization; (e) attend meetings and negotiate with representatives of creditors, the U.S. trustee, and other parties in interest; (f) assist the Debtor in the disposition of its assets by sale or otherwise; (g) take actions to preserve and protect the Debtor's assets, including, if required by the facts, the prosecution of avoidance actions, adversary cases or other proceedings on the Debtor's behalf, defense of actions commenced against the Debtor, negotiations concerning litigation in which the Debtor is involved, estimation of claims filed against Debtor's estate, and objection to claims; (h) provide general non-bankruptcy legal services on an as-needed basis; and (i) provide other legal services related to the Debtor's Chapter 11 case. Norton's hourly rates are: Partners $625 to $1,165 Senior Associates $410 to $750 Associates $315 to $750 Paralegals $110 to $450 With the 15% discount, the firm's hourly rates are: William Greendyke Partner Insolvency $930 Jason Boland Partner Insolvency $718 Bob Bruner Senior Associate Insolvency $633 Julie Goodrich-Harrison Associate Insolvency $374 Peter McLellan Associate IP $370 Cameron Roth Paralegal Litigation $212 Annie Aymond Paralegal IP $289 William Greendyke, Esq., a partner at Norton, attests that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Jason L. Boland, Esq. William R. Greendyke, Esq. Robert B. Bruner, Esq. Julie Goodrich Harrison, Esq. Norton Rose Fulbright U.S. LLP 1301 McKinney Street, Suite 5100 Houston, TX 77010-3095 Tel: (713) 651-5151 Fax: (713) 651-5246 Email: william.greendyke@nortonrosefulbright.com jason.boland@nortonrosefulbright.com bob.bruner@nortonrosefulbright.com julie.harrison@nortonrosefulbright.com About American Green Technology Inc. American Green Technology Inc., also known as American Green Technology TM, is a manufacturer of lighting products for the heavy industry and healthcare sector. It is headquartered in South Bend, Indiana. On August 28, 2018, AirGuide Mfg. MS, LLC, Lai Family Investments, Inc., and Dave Peterson, as petitioning creditors, filed an involuntary Chapter 11 petition (Bankr. Bankr. S.D. Tex. Case No. 18-34728) against the Debtor. The petitioning creditors are represented by Deirdre Carey Brown, Esq., an attorney based in Houston, Texas. On December 20, 2019, the court approved the appointment of William R. Greendyke as Chapter 11 trustee. ANDREW'S & SON: Seeks to Extend Exclusive Filing Period to May 9 ---------------------------------------------------------------- Andrew's & Son Tradings Inc. asked the U.S. Bankruptcy Court of the Central District of California to extend by 90 days the period during which it has the exclusive right to file a Chapter 11 plan. In its motion, the company proposed to extend the exclusive period for filing a plan to May 9 from Feb. 8, and for soliciting acceptances to July 8 from April 9. "Although [Andrew's & Son] has begun to prepare a plan of reorganization, it may still require a number of revisions after negotiations with creditors are finalized," said the company's attorney David Shevitz, Esq., at the Law Offices of Langley & Chang. "[Andrew's & Son] believes it is very close to proposing a plan and disclosure statement and merely requires a short period of time to finalize the necessary documents," Mr. Shevitz said. About Andrew's & Son Tradings Andrew's & Son Tradings Inc., d/b/a Beston Shoes, is in the footwear and athletic shoes business. Andrew's & Son Tradings filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-18022) on July 13, 2018. The petition was signed by Jiazheng Lu, president. The case is assigned to Judge Ernest M. Robles. The Debtor is represented by Christopher J. Langley, Esq. at Law Offices of Langley & Chang. At the time of filing, the Debtor reported total $1.04 million in assets and $3.35 million in debt. AREABEATS PROPERTIES: Seeks to Hire Restaurant Realty as Broker --------------------------------------------------------------- AreaBeats Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Restaurant Realty Company, Inc. as broker. The firm will market the Debtor's property located at 917-921 4th Street, San Rafael, California, for sale. The broker will get a commission of 3% of the sale price. Steven Zimmerman, officer and director of Restaurant Realty Company, attests that his firm neither holds nor represents any interest adverse to the Debtor's bankruptcy estate. The firm can be reached through: Steven D. Zimmerman Restaurant Realty Company, Inc. 77 Mark Drive, Suite 14 San Rafael, CA 94903 Phone: 888-995-9701 About AreaBeats Properties AreaBeats Properties, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 18-31137) on Oct. 18, 2018. It filed as a single asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)). In the petition signed by Laura van Galen, manager, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. Judge Hannah L. Blumenstiel presides over the case. The Debtor tapped the Law Office of Steven M. Olson as its legal counsel. AVOWOOD INC: Hires Bernstein Burkley as Special Counsel ------------------------------------------------------- Avowood, Inc., seeks authority from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Bernstein Burkley, P.C., as special counsel to the Debtor. Avowood, Inc. requires Bernstein Burkley to represent the Debtor as a Plaintiff in the matter filed in the Allegheny County Court of Common Pleas, with Case No. GD 18-002047. Bernstein Burkley will be paid at these hourly rates: Partners $310-$550 Associates $175-$265 Paraprofessionals $145-$155 Bernstein Burkley will also be reimbursed for reasonable out-of-pocket expenses incurred. Kirk B. Burkley, partner of Bernstein Burkley, P.C., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Thompson Law can be reached at: Kirk B. Burkley, Esq. BERNSTEIN-BURKLEY, P.C., 707 Grant Street, 2200 Gulf Tower Pittsburgh, PA 15219 Tel: (412) 456-8108 Fax: (412) 456-8135 E-mail: kburkley@bernsteinlaw.com About Avowood, Inc. Avowood, Inc., filed a Chapter 11 bankruptcy petition (Bankr. W.D. Pa. Case No. 18-24847) on Dec. 19, 2018, disclosing under $1 million in both assets and liabilities. The Debtor is represented by Brian C. Thompson, Esq., at Thompson Law Group, P.C. Bernstein Burkley, P.C., as special counsel. BEAVER DAIRY: Committee Hires Andreozzi Bluestein as Counsel ------------------------------------------------------------ The Official Committee of Unsecured Creditors of Beaver Dairy Farm LLC, seeks authorization from the U.S. Bankruptcy Court for the Western District of New York to retain Andreozzi Bluestein LLP, counsel to the Committee. The Committee requires Andreozzi Bluestein to: a. advise the Committee with respect to its rights, duties and powers in this Chapter 11 case; b. assist and advise the Committee in its communications with the Debtor relative to the administration of the Chapter 11 case; c. assist the Committee in analyzing the claims of the Debtor's secured and unsecured creditors and the claims of insiders and holders of equity interests; d. assist the Committee to review the Debtor's past and present operation of its business, including its assets, liabilities and financial condition; e. assist the Committee to review the liens and claims of the holders of the Debtor's pre-petition debt and the prosecution of any claims or causes of action revealed by such investigation; f. assist the Committee in its analysis of, and negotiations with, the Debtor or any third-party concerning matters related to, among other things, financing and use of cash collateral, the assumption or rejection of certain leases of non-residential real property and executory contracts, asset dispositions, sale of assets, financing of other transactions and the terms of one or more plans of reorganization for the Debtor and accompanying disclosure statements and related plan documents; g. assist and advise the Committee as to its communications to unsecured creditors regarding significant matters in this Chapter 11 case; h. represent the Committee at hearings and other proceedings; i. review and analyze applications, orders, statements of operations and Schedules filed with the Court and confer with the Committee regarding their contents; j. assist the Committee by preparing pleadings and applications as may be necessary in furtherance of the Committee's interests and objectives in this Chapter 11 case, including, without limitation, the preparation of retention papers and fee applications for the Committee's professionals, including Andreozzi Bluestein; and k. perform such other legal services as may be required or are otherwise deemed to be in the interests of the Debtor's unsecured creditors and the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules or other applicable law. Andreozzi Bluestein will be paid at these hourly rates: Partners $250-$350 Paralegals $175 Andreozzi Bluestein will also be reimbursed for reasonable out-of-pocket expenses incurred. Daniel F. Brown, a partner at Andreozzi Bluestein, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and (a) is not creditors, equity security holders or insiders of the Debtor; (b) has not been, within two years before the date of the filing of the Debtor's chapter 11 petition, directors, officers or employees of the Debtor; and (c) does not have an interest materially adverse to the interest of the estate or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the Debtor, or for any other reason. Andreozzi Bluestein can be reached at: Daniel F. Brown, Esq. ANDREOZZI BLUESTEIN LLP 9145 Main Street Clarence, NY 14031 Tel: (716) 633-3200 Fax: (716) 565-1920 E-mail: dfb@andreozzibluestein.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, LLC, and Beaver's Trucking Co., LLC filed Chapter 11 bankruptcy 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 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 cases are assigned to Judge Carl L. Bucki. The Debtors are represented by Garry M. Graber, Esq. at Hodgson Russ LLP. The organizational meeting of the Committee was held on Jan. 10, 2019. At that meeting, James Dye was appointed Chairperson of the Committee. The Committee retained Andreozzi Bluestein LLP, counsel. BIG COOP'S: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: Big Coop's Trucking, LLC 3066 Misty Creek Drive Swartz Creek, MI 48473 Business Description: Big Coop's Trucking is a licensed and bonded freight shipping and trucking company running freight hauling business from Swartz Creek, Michigan. Chapter 11 Petition Date: January 25, 2019 Court: United States Bankruptcy Court Eastern District of Michigan (Flint) Case No.: 19-30180 Judge: Hon. Daniel S. Opperman.Flint Debtor's Counsel: David W. Brown, Esq. LAW OFFICE OF DAVID W. BROWN PLLC 1820 N. Lapeer Road, Suite 2A Lapeer, MI 48446 Tel: (810) 245-6082 E-mail: davidbrownlaw@live.com Estimated Assets: $50,000 to $100,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Adam Cooper, member. A copy of the Debtor's list of 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/mieb19-30180_creditors.pdf A full-text copy of the petition is available for free at: http://bankrupt.com/misc/mieb19-30180.pdf BLUE EAGLE FARMING: Seeks to Extend Exclusivity Period to May 5 --------------------------------------------------------------- Blue Eagle Farming, LLC asked the U.S. Bankruptcy Court for the Northern District of Alabama to extend the period during which it has the exclusive right to file a Chapter 11 plan through May 5, and to solicit acceptances for the plan through July 5. The extension, if granted, would allow the company and its affiliated debtors to negotiate and settle claims before a plan is filed, according to their attorney Marc Solomon, Esq., at Burr & Forman LLP, in Birmingham, Alabama. About Blue Eagle Farming Blue Eagle Farming and H J Farming are engaged in the business of cattle ranching and farming. Blue Smash Investments operates in the financial investment industry; War-Horse Properties manages companies and enterprises; Eagle Ray Investments and Forse Investments are lessors of real estate while Armor Light, LLC, is engaged in the business of residential building construction. Blue Eagle Farming, LLC, and its affiliate H J Farming, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ala. Case Nos. 18-02395 and 18-02397) on June 8, 2018. On June 9, 2018, five Blue Eagle affiliates filed Chapter 11 petitions: Blue Smash Investments LLC, Eagle Ray Investments LLC, Forse Investments LLC, Armor Light LLC, and War-Horse Properties, LLLP (Bankr. N.D. Ala. Case Nos. 18-81707 to 18-81711). The cases are jointly administered under Case No. 18-02395. In the petitions signed by Robert Bradford Johnson, general partner of Blue Eagle Farming, LLC's sole owner, Blue Eagle estimated $1 million to $10 million in assets and $100 million to $500 million in liabilities as of the bankruptcy filing. Judge Tamara O. Mitchell presides over the cases. Burr & Forman LLP is the Debtors' legal counsel. BOB GIBBS & ASSOCIATES: Seeks to Hire Jason A. Burgess as Counsel ----------------------------------------------------------------- Bob Gibbs & Associates, Inc. seeks authority from the U.S. Bankruptcy Court for the Middle District of Florida to employ The Law Offices of Jason A. Burgess, LLC as its legal counsel. The firm will advise the Debtor regarding its powers and duties in the continued management of its business; represent the Debtor in negotiations with its creditors; prepare a plan of reorganization; and provide other legal services related to its Chapter 11 case. Jason Burgess, Esq., the attorney who will be handling the case, charges an hourly fee of $300. His firm will charge $75 per hour for paralegal services. Mr. Burgess disclosed in a court filing that his firm is a "disinterested person" as the term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Jason A. Burgess, Esq. The Law Offices of Jason A. Burgess, LLC 1855 Mayport Road Atlantic Beach, FL 32233 Phone: (904) 372-4791 Fax: (904) 372-4994 About Bob Gibbs & Associates Inc. Based in Jacksonville, Florida, Bob Gibbs & Associates, Inc. filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 19-00100) on January 11, 2019, listing under $1 million in both assets and liabilities. The Law Offices of Jason A. Burgess, LLC represents the Debtor as counsel. BSC HOLDINGS: Seeks to Hire Thompson Burton as Counsel ------------------------------------------------------ Eva M. Lemeh, the Chapter 11 Trustee of BSC Holdings Corp., Inc., seeks authority from the U.S. Bankruptcy Court for the Middle District of Tennessee to employ Thompson Burton PLLC, as counsel to the Trustee. The Trustee requires Thompson Burton to represent the Trustee in evaluating and pursuing liquidation of assets, including causes of action, and analyze the validity of secured claims. Thompson Burton will be paid at the hourly rates of $150 to $395. Thompson Burton will also be reimbursed for reasonable out-of-pocket expenses incurred. Phillip G. Young, Jr., partner of Thompson Burton PLLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Thompson Burton can be reached at: Phillip G. Young, Jr., Esq. THOMPSON BURTON PLLC 6100 Tower Circle, Suite 200 Franklin, TN 37067 Tel: (615) 465-6000 About BSC Holdings Corp. On July 13, 2018, BSC Holdings, LLC, filed a petition for relief under Chapter 7 of the Bankruptcy Code which was subsequently converted to a Chapter 11 proceeding on August 23, 2018 (Bankr. M.D. Tenn. Case no. 18-04636). At the time of filing, the Debtor estimated $10 million to $50 million in assets and $0 to $50,000 in liabilities. Alexander S. Koval, Esq., at Rothschild & Ausbrooks, PLLC, is the Debtor's counsel. CAELIAFILS CORP: Seeks to Hire Balisok & Kaufman as Counsel ----------------------------------------------------------- Caeliafils Corp. seeks authority from the U.S. Bankruptcy Court for the Eastern District of New York to employ Balisok & Kaufman, PLLC as its legal counsel. The firm will provide these services: a. advise the Debtor with respect to its powers and duties in the continued management of its property and affairs; b. negotiate with creditors and work out a plan of reorganization; c. advise the Debtor in connection with any potential refinancing of secured debt or sale of its business; d. represent the Debtor in connection with obtaining post-petition financing; e. take any necessary action to obtain approval of a disclosure statement and confirmation of a plan of reorganization; and f. perform other legal services related to the Debtor's Chapter 11 case. Balisok & Kaufman's 2018 hourly rates for its attorneys range from $350 to $500. Paraprofessionals charge $175 per hour. The firm received a pre-bankruptcy retainer of $10,000 from the Debtor. Joseph Balisok, Esq., a partner at Balisok & Kaufman, attests that his firm is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code. The firm can be reached from: Joseph Y. Balisok Balisok & Kaufman PLLC 251 Troy Avenue Brooklyn, NY 11213-3601 Phone: (718) 928-9607 Fax : 718-534-9747 Email: balisoklawyers@gmail.com About Caeliafils Corp Based in Brooklyn, New York, Caeliafils Corp filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No. 18-47168) on December 13, 2018, listing under $1 million in both assets and liabilities. The case has been assigned to Judge Elizabeth S. Stong. The Debtor tapped Joseph Y. Balisok, Esq. at Balisok & Kaufman, PLLC represents the Debtor as counsel. CALLAMAC INC: Hires Bernstein Burkley as Special Counsel -------------------------------------------------------- Callamac, Inc., seeks authority from the U.S. Bankruptcy Court for the Western District of Pennsylvania to employ Bernstein Burkley, P.C., as special counsel to the Debtor. Callamac, Inc., requires Bernstein Burkley to represent the Debtor as a Plaintiff in the matter filed in the Allegheny County Court of Common Pleas, with Case No. GD 18-002047. Bernstein Burkley will be paid at these hourly rates: Partners $310 to $550 Associates $175 to $265 Paraprofessionals $145 to $155 Bernstein Burkley will also be reimbursed for reasonable out-of-pocket expenses incurred. Kirk B. Burkley, a partner at Bernstein Burkley, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Thompson Law can be reached at: Kirk B. Burkley, Esq. BERNSTEIN-BURKLEY, P.C., 707 Grant Street, 2200 Gulf Tower Pittsburgh, PA 15219 Tel: (412) 456-8108 Fax: (412) 456-8135 E-mail: kburkley@bernsteinlaw.com About Callamac, Inc. Based in Presto, Pennsylvania, Callamac, Inc., is in the health and dietetic food stores business. Callamac, Inc., filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 18-24848) on Dec. 19, 2018, estimating under $1 million in both assets and liabilities. Brian C. Thompson, Esq., at Thompson Law Group, P.C., is serving as the Debtor's counsel. CAPITOL CITY: Feb. 20 Hearing on Disclosure Statement ----------------------------------------------------- The hearing to consider the approval of the disclosure statement of Capitol City Brewing Company, L.C., will be held on February 20, 2019 at 10:30 AM in Courtroom 1, U.S. Courthouse, 333 Constitution Avenue, Washington, DC 20001. All objections to the disclosure statement shall be filed and served pursuant to Rule 3017(a) prior to the hearing. Class 2 - Allowed Unsecured Claims are impaired with estimated recovery of $940,000. Each holder of an Allowed Class 2 Claim shall be paid as follows: (i) 7.5% of the Allowed Class 2 Claim, on the later of thirty (30) days after Plan Confirmation, or thirty (30) days after such claim becomes an Allowed Class 2 Claim, and thereafter, each holder of an Allowed Class 2 claim shall be paid its proportionate share of Available Cash for each six (6) month period commencing thirty (30) days after Plan Confirmation, and continuing through March 31, 2023, or (ii) upon such other less favorable terms as may be agreed to by the holder of such Allowed Unsecured Claim and the Reorganized Debtor. Class 3 - Deferred Compensation to Urban Adventures of Washington, DC, Inc. as manager of the Debtor are impaired. Prior to the filing of the Petition instituting this case, Urban Adventures of Washington, DC, agreed to defer payment of one half of its management fee of 3.7% of Gross Sales Revenue established pursuant to a Management and Licensing Agreement dated January 1, 2001. Effective October 1, 2017, one half of the management fee was deferred such that 1.85% of gross revenues was currently paid and payable, and the balance was deferred. The post-petition portion of the deferred management fee would have been payable as an administrative expense. The Plan involves the permanent reduction of the payment to Urban Adventures of Washington, DC of only 1.85% from October 1, 2017, in exchange for the allowance to the Equity Interests of distribution of any remaining Available Cash after payment of allowed administrative expenses and the completion of distributions to holders of Class 1 and Class 2 claims as provided in the Plan. No distribution will be paid to Class 3. The Plan will be funded by Available Cash from the operations of the Debtor's business, and from the recovery of an avoidable transfer to Urban Adventures of Washington, DC. The Debtor has reserved $360,000 of these funds for the payment of Allowed Class 1 Claims, an initial payment on Allowed Class 2 Claims, and other payment obligations under the Plan, including administrative expenses. A full-text copy of the Disclosure Statement dated January 2, 2019, is available at https://tinyurl.com/ydyg2vgz from PacerMonitor.com at no charge. About Capitol City Brewing Company Capitol City Brewing Company, L.C., is a brewpub in Washington, D.C., which offers local brews that represent beer styles from around the world. Capitol City Brewing Company sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.D.C. Case No. 18-00161) on March 14, 2018. In the petition signed by David Von Storch, president of the Debtor's manager Urban Adventures Companies Inc., the Debtor estimated assets and liabilities of less than $1 million. Judge S. Martin Teel, Jr., presides over the case. The Debtor tapped Goldman & Van Beek, P.C. as its legal counsel. CHARLESTON HOTEL: Voluntary Chapter 11 Case Summary --------------------------------------------------- Two affiliates that have filed voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Charleston Hotel VI, LLC 19-20025 DBA Charleston Capitol Hotel 333 City Blvd. West, Suite 1805 Orange, CA 92868 Charleston Hotel VII, LLC 19-20026 DBA Quality Inn & Suites Charleston 333 City Blvd. West, Suite 1805 Orange, CA 92868 Business Description: The Debtors are privately held companies that operate in the traveler accommodation industry. Chapter 11 Petition Date: January 23, 2019 Court: United States Bankruptcy Court Southern District of West Virginia (Charleston) Judge: Hon. Frank W. Volk Debtors' Counsel: Joe M. Supple, Esq. SUPPLE LAW OFFICE PLLC 801 Viand Street Point Pleasant, WV 25550 Tel: (304) 675-6249 Fax: (304) 675-4372 E-mail: info@supplelaw.net Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petitions were signed by Anil Ravji Patel, managing member. The Debtors stated they have no unsecured creditors. Full-text copies of the petitions are available for free at: http://bankrupt.com/misc/wvsb19-20025.pdf http://bankrupt.com/misc/wvsb19-20026.pdf CJA ENERGY: Feb. 21 Plan Confirmation Hearing --------------------------------------------- The disclosure statement explaining CJA Energy Consulting, LLC's Chapter 11 Plan is conditionally approved. February 21, 2019 at 11:00 AM in Courtroom B, Penn Traffic Building, 319 Washington Street, Johnstown, Pennsylvania, 15901 is the date and time fixed for final hearing on the disclosure statement and confirmation of the plan. The last day for filing a complaint objecting to discharge, if applicable, shall not be later than February 21, 2019. Class 9 - General Unsecured Creditors. The General Unsecured Creditors of the Debtor will receive approximately thirty-five (35%) of their Allowed Claims pursuant to the Plan. Class 9 is impaired by the Plan. Class 2 - Direct Capital, a Division of CIT Bank, N.A. Class 2 secured claim will retain its lien against all collateral and will be paid in full at interest over a period of 60 months. Class 2 is impaired by the Plan. Class 4 - Citizens Bank N.A. Class 4 secured claim will retain its lien up to the value of the collateral and will be paid in full at interest over a period of 60 months. Class 4 is impaired by the Plan. Class 8 - Insider Unsecured Creditors. Class 8 creditors will be subordinated to all other creditors in the Plan. Class 8 is impaired by the Plan. The source of funds is from trucking business of the debtor. A full-text copy of the Disclosure Statement dated January 7, 2019, is available at https://tinyurl.com/yb7ku9tn from PacerMonitor.com at no charge. About CJA Energy Consulting CJA Energy Consulting, LLC, is a single member LLC that does business as a trucking company. The company filed for Chapter 11 protection (Bankr. W.D. Penn. Case No. 08-70168) on March 13, 2018. In the petition signed by its managing member, Carl J. Anderson, the Debtor estimated assets and debts estimated at $100,001 to $500,000. The company is represented by Christopher M. Frye, Esq., at Steidl & Steinberg, P.C. No official committee of unsecured creditors has been appointed in the Chapter 11 case. CLASS WAR: Case Summary & 14 Unsecured Creditors ------------------------------------------------ Debtor: Class War, Inc. aka Lurking Class by Sketchy Tank aka Sketchy Tank Attn: Jeremy Rosenthal 20341 SW Birch, Suite 220 Newport Beach, CA 92660 Business Description: Class War, Inc. aka Lurking Class by Sketchy Tank is a merchant wholesaler of men's and women's clothing. Lurking Class is an apparel brand based on the artwork of Sketchy Tank. The illustrations are designed to "disturb the comfortable and comfort the disturbed" for a growing union of people whom normalcy is not an option. On the web: http://www.classwarinc.com/ Chapter 11 Petition Date: January 24, 2019 Court: United States Bankruptcy Court Southern District of California (San Diego) Case No.: 19-00293 Debtor's Counsel: Michael D. Breslauer, Esq. SOLOMON WARD SEIDENWURM & SMITH, LLP 401 B Street, Suite 1200 San Diego, CA 92101 Tel: (619) 231-0303 E-mail: mbreslauer@swsslaw.com Total Assets: $377,615 Total Liabilities: $6,748,551 The petition was signed by Jeremy Rosenthal, president and CEO. A full-text copy of the petition containing, among other items, a list of the Debtor's 14 unsecured creditors is available for free at: http://bankrupt.com/misc/casb19-00293.pdf COBRA WELL: Operating Income to Fund Chapter 11 Plan ---------------------------------------------------- Cobra Well Testers, LLC filed a disclosure statement in support of its chapter 11 plan of reorganization dated Jan. 11, 2019. The Plan contemplates the Debtor will pay its creditors from future operating income primarily generated from leasing the Debtor's equipment, with additional payments to secured creditors, ANB Bank and the Internal Revenue Service, from the sale of certain collateral that the Debtor believes is not necessary for an effective reorganization. The Effective Date of the Plan is the first Business Day falling on or after fourteen days after the Order is entered by the Bankruptcy Court confirming the Plan pursuant to Section 1129 of the Bankruptcy Code. Class 4 consists of all Allowed Unsecured Claims. Each Holder of a Class 4 Allowed Unsecured Claim will be entitled to either of the following treatments under this Plan: (i) As the default option, each Holder of a Class 4 Allowed Unsecured Claim will receive such holder's Pro Rata share of the Creditor Fund; or (ii) Each Holder of a Class 4 Allowed Unsecured Claim may elect to convert its entire Allowed Unsecured Claim to new equity interests in the Reorganized Debtor to be issued as of the Effective Date, and will not receive any Distributions from the Creditor Fund. Any Holder of an Allowed Unsecured Claim that affirmatively elects to convert its entire Allowed Unsecured Claim into a new equity interest in the Reorganized Debtor shall be issued one (1) new membership unit for every $100 increment of the Allowed Unsecured Claim (rounded down, with no partial membership units to be issued). To be clear, any Holder of an Allowed Unsecured Claim that makes this election will not receive any Distribution from the Creditor Fund or from the Reorganized Debtor under this Plan. By making this election on the Class 4 ballot, any Holder of an Allowed Unsecured Claim will receive a newly issued equity interest in the Reorganized Debtor. The Plan is feasible as it allows Cobra to restructure its debt, reorganize the company, and repay ANB Bank in full on its Secured Claim, and the IRS in full on its Priority Tax Claim. Determining feasibility of the Plan requires an analysis of the Debtor's ability to sell Assets and generate revenue to implement the Plan on the Effective Date of the Plan. The Debtor's monthly revenues from leasing equipment are approximately $66,000 and coupled with the anticipated sale of unnecessary equipment, will provide enough Cash to service the debts under the Plan. According to the Debtor's filed Monthly Operating Reports between the Petition Date and November 2018, and excluding proceeds from the previous sale of Bank Collateral netting $300,000, the aggregate total income from operations was $271,472.60 and the aggregate total expenses (including all payments under the agreed cash collateral order) was $170,032.60 during that six month timeframe. A copy of the Disclosure Statement is available at https://is.gd/8YEoq7 from Pacermonitor.com at no charge. About Cobra Well Testers Cobra Well Testers, LLC, provides high pressure well testing services to the oil and gas industry. It was established in 1999 to initially service the Muddy Ridge gas field in Western Wyoming. Since then, the company has expanded to complete work in multiple oil and gas basins throughout the Rockies. Cobra Well Testers sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Wyo. Case No. 18-20449) on May 31, 2018. In the petition signed by Yavette Bailey, member, the Debtor estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. Judge Cathleen D. Parker presides over the case. Markus Williams Young & Zimmermann LLC is the Debtor's bankruptcy counsel. COPPER CANYON: Unsecureds to Get 100% Over 2 Yrs, at 5% Interest ---------------------------------------------------------------- Copper Canyon Partners LLC filed a Chapter 11 plan and accompanying disclosure statement. The Class 3 Allowed General Insider Unsecured Claims are impaired. Calculated as of the Petition Date total approximately $3,442,400.00. The Class 3 shall be paid 100% of their allowed claims by the Debtor on or before four (4) years calculated from the Effective Date of the Plan and after all allowed Class 2 claims are paid in full, with interest to accrue at the discount rate or 5% per annum, commencing to accrue interest from the Effective Date until paid, with no interim installment payments. Any disputed Class 3 unsecured claim(s) shall not be paid until the allowed claim is mutually agreed upon or adjudicated by the Court. Class 2 consists of all allowed general non-insider unsecured claims against the Debtor and disputed claims to the extent disputed claims may be proven and allowed by the Court or stipulation of the parties. Calculated as of the Petition Date total approximately $820,703.62. The Class 2 Allowed General Non-Insider Unsecured Creditors shall be paid 100% of their allowed claims by the Debtor on or before two (2) years calculated from the Effective date of the Plan, with interest to accrue at the discount rate of 5% per annum, commencing to accrue interest from the Effective Date until paid. with no interim installment payments. Class 2 are impaired. Class 1 consists of the secured claim of PV RENO DELAWARE, LLC ("PVRD") are impaired, in the approximate unpaid principal sum of $14.513,446.00, plus accruing interest at the contractual rate of 12.34% per annum, calculated as of the Petition Date. with a default interest rate of 18% per annum. The Class 1 secured claim of PVRD is secured by a first priority Deed of Trust recorded against the Debtor s Real Property. Class 1 secured claim amount shall be modified so that the outstanding loan balance existing on the Petition Date shall accrue interest at the rate of 9% per annum from the Petition Date until paid in full, with no interim installment payments, and the entire principal balance and unpaid accrued interest shall be all due and payable in eighteen (18) months from May 1, 2019 thereby calculated to be ail due and payable on or before November 1, 2020. Accordingly, the Class 1 secured claim of PVRD is impaired under the Plan. Class 4 consists of the disputed contingent, unliquidated litigation claims asserted against the Debtor as of the Petition Date. This class are impaired. The Class 4 Disputed Litigation Claims shall be paid 100% of their allowed claims, if any, by the Debtor on a pro-rata basis with the allowed Class 2 general non-insider unsecured claims, on or before two (2) years calculated from the Effective Date of the Plan, to be paid pro rata with other allowed Class 2 claims. with interest to accrue at the discount rate of 5% per annum, commencing to accrue interest from the Effective Date until paid The Debtor believes that the Plan is feasible based upon the large equity cushion in the Real Property that exceeds $34 000.000, and which will be available to pay allowed unsecured creditors under the Plan. A full-text copy of the Disclosure Statement dated January 9, 2019, is available at https://tinyurl.com/y8wxm6hc from PacerMonitor.com at no charge. About Copper Canyon Partners Copper Canyon Partners LLC, a contractor in Modesto, California, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 18-51144) on Oct. 11, 2018. At the time of the filing, the Debtor estimated assets of $10 million to $50 million and liabilities of $10 million to $50 million. Judge Bruce T. Beesley presides over the case. The Debtor tapped Harris Law Practice LLC as its legal counsel. CURAE HEALTH: Exclusivity Period Extended Until Feb. 20 ------------------------------------------------------- Judge Charles Walker of the U.S. Bankruptcy Court for the Middle District of Tennessee granted the request of Curae Health, Inc. and its affiliated debtors to extend the period during which they have the exclusive right to file a plan through Feb. 20, and to solicit acceptances for the plan through April 21. 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. CWP CABINETS: Seeks to Hire J. Scott Williams as Counsel -------------------------------------------------------- CWP Cabinets, Inc., seeks authority from the U.S. Bankruptcy Court for the Central District of California to employ J. Scott Williams, Attorney at Law, as counsel to the Debtor. CWP Cabinets requires J. Scott Williams to: a. represent the Debtor and Debtor's other professionals in hearings or proceedings before the Bankruptcy Court, and in any other court where the Debtor's rights may be affected; b. represent the Debtor in matters, and advise and assist the Debtor with respect to compliance with the requirements of the U.S. Trustee; c. advise the Debtor in matters pertaining to bankruptcy law and other applicable laws, including matters pertaining to the rights and remedies of the Debtor as to the assets of the estate and creditor claims; d. prepare and assist in the preparation of reports, accounts, pleadings and other filings related to the Debtor's pending Chapter 11 case; e. investigate and pursue the claims and interests of the Debtor and the estate and conduct examinations of witness, claimants or interested parties relating thereto; f. assist the Debtor and the Debtor's professionals in the formulation, confirmation and implementation of a Chapter 11 Plan and any negotiations pertaining thereto; and g. take such other and further action and perform such other services as the Debtor may reasonably require in connection with the Chapter 11 case. J. Scott Williams will be paid at the hourly rate of $225 to $495. J. Scott Williams received an initial prepetition retainer of $22,000 in October 2018, the amount of $12,000 of which was expended prior to the Petition Date, leaving a retainer of $10,000, held in the Firm's trust account. J. Scott Williams will also be reimbursed for reasonable out-of-pocket expenses incurred. J. Scott Williams, principal of J. Scott Williams, Attorney at Law, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. J. Scott Williams can be reached at: J. Scott Williams, Esq. J. SCOTT WILLIAMS, ATTORNEY AT LAW 15615 Alton Pkwy, Suite 175 Irvine, CA 92618 Tel: (949) 660-8680 Fax: (866) 284-8670 E-mail: jwilliams@williamsbkfirm.com About CWP Cabinets CWP Cabinets, Inc., based in Adelanto, CA, filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-20473) on December 14, 2018. The Hon. Wayne E. Johnson presides over the case. J. Scott Williams, Esq. at J. Scott Williams, Attorney at Law, serves as bankruptcy counsel. In its petition, the Debtor estimated $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Michael Rodriguez, president. CYPRESS URGENT: March 13 Plan Confirmation Hearing Set ------------------------------------------------------ Bankruptcy Judge Theodor C. Albert approved Cypress Urgent Care, Inc. and Laguna-Dana Urgent Care, Inc.'s first amended disclosure statement with respect to their first amended chapter 11 plan. Deadline for submitting ballots accepting or rejecting the plan is Feb. 15, 2019 at 5:00 p.m. Any objection(s) to confirmation of the First Amended Plan must be filed and served on or before Feb. 21, 2019. The hearing on confirmation of the First Amended Plan will be held on March 13, 2019 at 10:00 a.m. As of the Petition Date, CUC owed the lessor, Warland, $8,887.78 on account of past-due rent. CUC has remained current on its rental obligations following the Petition Date. Likewise, LDUC remained current on its obligations under the LDUC Lease and otherwise complied with the terms of $11,761.00 per month, which is subject to annual increases of three percent (3%), plus a pro rata share of the common area operating expenses. Based on the plan, the Debtors have attempted to ensure that the information in the Disclosure Statement is complete and accurate to the best of their knowledge, information, and belief. The Disclosure Statement is available at: http://bankrupt.com/misc/cacb17-bk-13089-101.pdf About Cypress Urgent Care Cypress Urgent Care, Inc. (CUC) and Laguna-Dana Urgent Care, Inc. (LDUC), operators of urgent care clinic, filed voluntary Chapter 11 petitions on August 2, 2017, with the U.S. Bankruptcy Court for the Central District of California. The cases are jointly administered under Lead Case 17-13089. Judge Theodor Albert is assigned to the case. On February 26, 2018, the U.S. Trustee appointed Tamar Terzian as the successor Ombudsman. DAN MAZZOLA: Seeks to Extend Exclusivity Period to April 19 ----------------------------------------------------------- Dan Mazzola, Inc. asked the U.S. Bankruptcy Court for the Northern District of Ohio to extend the period during which it has the exclusive right to file a plan of reorganization to April 19, and to solicit acceptances for the plan to June 18. The company's current exclusive filing period expired on Jan. 19 and it has to solicit votes for its reorganization plan by March 20. Dan Mazzola's attorney Peter Tsarnas, Esq., at Goldman & Rosen, Ltd., said the company will wait for the bankruptcy court's decision on the motion filed by Rockne's, Inc. to dismiss its Chapter 11 case before it proposes a reorganization plan. In its motion filed in October last year, Rockne's made an allegation concerning the termination of a franchise agreement prior to the filing of Dan Mazzola's bankruptcy case. An evidentiary hearing is scheduled to begin on Jan. 28. "No plan of reorganization is reasonably possible without first understanding whether the franchise agreement remains in effect or not," Mr. Tsarnas said. "It is prudent to obtain the court's decision on the motion to dismiss prior to undertaking the time and expense associated with the filing of a plan of reorganization." About Dan Mazzola Dan Mazzola, Inc., is a corporation located in Stow, Ohio. It operates the last independently owned and operated Rockne's restaurant location. Dan Mazzola filed a voluntary Chapter 11 petition (Bankr. N.D. Ohio Case No. 18-52271) on Sept. 21, 2018. In the petition signed by Daniel Mazzola, president, the Debtor estimated under $100,000 in assets and liabilities under $1 million. Peter G. Tsarnas, Esq., at Goldman & Rosen, Ltd., serves as the Debtor's counsel. No official committee of unsecured creditors has been appointed. DAVID'S BRIDAL: Hires Deloitte Tax as Tax Service Provider ---------------------------------------------------------- David's Bridal, Inc., and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of Delaware to employ Deloitte Tax LLP, as tax service provider to the Debtors. David's Bridal requires Deloitte Tax to: a. advise the Debtors as they consult with their legal and financial advisors on the cash tax effects of restructuring and bankruptcy and the post-restructuring tax profile, including a plan of reorganization and tax costs. This will include obtaining an understanding of the Debtors' financial advisors' valuation model and disclosure model to consider the tax assumptions contained therein; b. advise the Debtors regarding the restructuring and bankruptcy emergence process from a tax perspective, including the tax work plan; c. advise the Debtors on the cancellation of debt income for tax purposes under Internal Revenue Code ("IRC") section 108; d. advise the Debtors on post-bankruptcy tax attributes, tax basis in assets, tax basis in subsidiary stock and net operating loss carryovers, available under the applicable tax regulations and the reduction of such attributes based on the Debtors' operating projections, including a technical analysis of the effects of Treasury Regulation Section 1.1502-28 and the interplay with IRC sections 108 and 1017; e. assist the Debtors with any needed determinations pertaining to historic IRC section 382 ownership changes, ownership shifts, or potential limitations for pre- emergence events in connection with the Debtors' evaluation of any net operating loss ("NOL") protective orders; f. advise the Debtors on the effects of tax rules under IRC sections 382(l)(5) and (l)(6) pertaining to the post- bankruptcy net operating loss carryovers and limitations on their utilization and the Debtors' ability to qualify for IRC section 382(l)(5); g. advise the Debtors on net built-in gain or net built-in loss position at the time of "ownership change", including limitations on use of tax losses generated from post- restructuring or post-bankruptcy asset or stock sales; h. assist the Debtors with U.S. federal income tax observations in connection with any NOL protective orders (i.e., orders designed to help mitigate the risk of any further ownership changes) recommended or drafted by Debtors' legal counsel or financial advisors; i. advise the Debtors with their evaluation and modeling of the effects of liquidating, merging or converting entities as part of the restructuring, including the effects on federal and state tax attributes and state apportionment; j. advise the Debtors with their evaluation and modeling of the structuring alternatives (e.g., sale of assets) as part of the restructuring, including the effects on federal and state tax attributes and state apportionment; k. assist the Debtors' and their counsel on the anticipated tax work plan for the implementation of any desired or recommended legal entity realignment or restructuring, mergers, liquidations, etc., resulting from the Debtors' restructuring, including domestic and foreign affiliates; l. advise the Debtors as to the treatment of post-petition interest for state and federal income tax purposes; m. advise the Debtors as to the state and federal income tax treatment of pre- petition and post-petition reorganization costs, including restructuring-related professional fees and other costs, the categorization and analysis of such costs, and the technical positions related thereto; n. advise the Debtors on state income tax treatment and planning for restructuring or bankruptcy provisions in various jurisdictions including cancellation of indebtedness calculation, adjustments to tax attributes and limitations on tax attribute utilization; o. advise the Debtors on responding to tax notices and audits from various taxing authorities; p. assist the Debtors with identifying potential tax refunds and advise the Debtors on procedures for tax refunds from tax authorities; q. advise the Debtors on income tax return reporting of bankruptcy issues and related matters; r. advise the Debtors with their efforts to calculate tax basis in the stock in each of the Debtors' subsidiaries or other entity interests; s. assist the Debtors with documenting, as appropriate, the tax analysis and correspondence for any proposed restructuring alternative tax issue or other tax matter described above; and t. advise the Debtors regarding other state or federal income tax questions that may arise in the course of this engagement, as requested by the Debtors, and as may be agreed to by Deloitte Tax. Deloitte Tax will be paid at these hourly rates: Principals $710 to $920 Senior Managers $635 to $780 Managers $535 to $670 Seniors $445 to $520 Staffs $360 to $420 Associates $340 to $395 Deloitte Tax will be paid a retainer in the amount of 100,000. The Debtors paid Deloitte Tax fees and expenses aggregating $475,600, including retainer amounts, in the 90 days prior to the Petition Date. Deloitte Tax will also be reimbursed for reasonable out-of-pocket expenses incurred. Kenneth Gerstel, partner of Deloitte Tax LLP, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Deloitte Tax can be reached at: Kenneth Gerstel DELOITTE TAX LLP 655 West Broadway, Suite 700 San Diego, CA 92101-8590 Tel: (619) 232-6500 Fax: (619) 237-6801 About David's Bridal David's Bridal -- http://www.davidsbridal.com/-- is an international bridal retailer and the largest U.S. destination for bridal gowns, wedding-related apparel, social occasion apparel, accessories and services. For over 60 years, the Company has remained the most iconic bridal destination, with approximately one-third of brides in the United States wearing a David's Bridal gown. The Company operated 311 stores, including 296 stores in 49 states in the United States, eleven stores in Canada, and four stores in the United Kingdom. Additionally, there are two franchised stores in Mexico. On Nov. 19, 2018, David's Bridal, Inc., and its three affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 18-12635). The Honorable Laurie Selber Silverstein is the case judge. Debevoise & Plimpton LLP is serving as the Company's legal advisor, Evercore LLC is serving as its financial advisor and AlixPartners LLP is serving as its restructuring advisor. Young Conaway Stargatt & Taylor, LLP, is the local counsel. Donlin Recano is the claims agent. DOUBLE L FARMS: Allowed to Use Cash Collateral Until Sept. 30 ------------------------------------------------------------- The Hon. Joseph M. Meier of the U.S. Bankruptcy Court for the District of Idaho authorized Double L Farms, Inc., to the extent specified in the stipulated order for the period from Jan. 1, 2019, through and including Sept. 30, 2019, for the purposes and in the amounts set forth for that period in the Budget. The Debtor may exceed the monthly amount for a particular line item expense noted in the Budget by not more than 10% so long as the total expenditures for all budgeted line items in a given month do not exceed the total budgeted expenses set forth in the Budget for that given month. Pursuant to the Stipulated Order, all cash collateral, including all proceeds thereof, will be deposited into the Debtor's debtor-in-possession accounts and properly accounted for in the Debtor's Monthly Operating Reports. The Debtor may exceed the monthly amount for a particular line item expense noted in the Budget by not more than 10% so long as the total expenditures for all budgeted line items in a given month do not exceed the total budgeted expenses set forth in the Budget for that given month. In order to provide adequate protection for Debtor's use of cash collateral, creditors with pre-petition liens on Debtor's cash collateral will have a valid, binding, enforceable, and automatically perfected revolving post-petition adequate protection replacement lien on all presently existing or after-acquired post-petition assets of the Debtor of the same type or category in which such creditors held a pre-petition lien, but only to the same extent, value, priority and unavoidability as existed in the Debtor's assets as of the petition date, and only to the extent of cash collateral actually used. In addition, Zions Bancorporation, N.A. dba Zions First National Bank ("Zions Bank") and Intermountain Farmers Association ("IFA") will have an additional post-petition adequate protection replacement lien on the Debtor’s real property commonly referred to as the Roberts Farm up to the amount of actual cash collateral actually used by the Debtor under the Stipulated Order and any prior Order entered by the Court in the above-captioned chapter 11 case authorizing the Debtor's use of cash collateral. The adequate protection liens against the Real Property will be subject to all existing, senior liens on said Real Property. The adequate protection lien against the Real Property granted in favor of Zions Bank and IFA will be of the same priority that existed between Zions Bank and IFA in the Debtor's other assets prior to the petition date. To the extent the foregoing adequate protection liens are insufficient, the Stipulated Order reserved the rights provided by Sections 503(b) and 507(b) of the Bankruptcy Code. Moreover, the Debtor will: (i) provide Zions Bank and IFA, with the monthly operating reports required by the U.S. Trustee's Chapter 11 Guidelines, as and when due; (ii) provide proof of adequate insurance coverage for the collateral pledged to these creditors and the Debtor's operations consistent with the U.S. Trustee's Chapter 11 Guidelines; (iii) cooperate with Zions Bank and IFA in such inspections and appraisals of the Debtor's assets as may be necessary and appropriate; and (iv) allow a person designated by Zions Bank and IFA reasonable and regular access to its books and records. A full-text copy of the Stipulated Order is available at http://bankrupt.com/misc/idb18-40910-84.pdf 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 oversees the case. The Debtor tapped Maynes Taggart PLLC as its legal counsel. EAST END BUS: Exclusive Filing Period Extended Until May 10 ----------------------------------------------------------- Judge Louis Scarcella of the U.S. Bankruptcy Court for the Eastern District of New York issued an order extending the period during which East End Bus Lines and its affiliated debtors have the exclusive right to file a Chapter 11 reorganization plan through May 10, and to solicit acceptances for the plan through July 10. The companies are still finalizing negotiations with equipment lenders on restructured loan arrangements and cannot yet propose a plan. So far, the companies have already reached tentative agreements with three of the lenders who are owed $15 million, which is approximately half of the companies' secured debt. The companies expressed optimism that they will be able to resolve with the remaining secured creditors and turn their attention to formulating a plan, according to court filings. About East End Bus Lines East End Bus Lines Inc. and its subsidiaries -- https://www.eastendbus.com/ -- offer bus transportation services for students. East End Bus Lines and Montauk Student Transport are dedicated to providing cost-effective solutions for transportation requirements for private schools, public schools, charter trips, and camping events. Founded in 2007, East End Bus Lines was later joined by Montauk Student Transport under the guidance of John Mensch. East End Bus Lines and its subsidiaries, namely, Montauk Student Transport LLC, and Montauk Transit Service LLC, filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Lead Case No. 18-76176) on Sept. 13, 2018. In the petitions signed by John Mensch, president, East End Bus Lines and Montauk Student Transport estimated up to $50,000 and $10 million to $50 million in liabilities, and Montauk Transit Service estimated up to $50,000 in assets and $1 million to $10 million in liabilities. The Debtors tapped Weinberg, Gross & Pergament LLP as their legal counsel, and Giambalvo, Stalzer & Company, CPA's, PC as their accountant. The Debtors hired Littler Mendelson PC, as special counsel to represent them in labor relations matters. No official committee of unsecured creditors has been appointed. ENCOUNTER MEDICAL: Seeks Authorization to Use Cash Collateral ------------------------------------------------------------- Encounter Medical Associates, LLC, seeks authorization from the U.S. Bankruptcy Court for the Northern District of Georgia to use cash collateral in the ordinary course of its business. The Debtor seeks Court authorization to use cash collateral to pay its reasonable and customary expenses for the operation of its business. Without the use of Cash Collateral, Debtor will be unable to operate its business and will be unable to reorganize. The Debtor recognizes following Secured Creditors may have a valid and perfected security interest in cash collateral: (a) Brookhaven Bank entered into a U.S. Small Business Association Note with Debtor, pursuant to which the Debtor granted Brookhaven Bank a security interest in, inter alia, all accounts, deposit accounts and drafts, and all of Debtor's right to payment for services rendered. Brookhaven Bank merged with Georgia Commerce Bank and Georgia Commerce Bank merged with IberiaBank. IberiaBank is the successor to Brookhaven Bank and has been assigned all of the rights of Brookhaven Bank to cash collateral. The Debtor scheduled IberiaBank as having a claim in the amount of $189,173. (b) LiftForward, Inc. entered into a Credit Agreement with Debtor, pursuant to which the Debtor granted LiftForward a security interest in, inter alia, accounts, money and proceed, and accounts receivable. The Debtor scheduled LiftForward as having an unliquidated claim in the aggregate amount of $243,876. (c) Business Advance Team LLC d/b/a Everyday Capital entered into a Secured Merchant Agreement with Debtor, pursuant to which the Debtor granted Everyday Capital a security interest in all deposit accounts, accounts-receivable, and other receivables. The Debtor has scheduled Everyday Capital as having an unliquidated claim in the approximate amount of $56,734. (d) Complete Business Solutions Group, Inc. ("CBSG") entered into a Factoring Agreement. Pursuant to aforesaid Factoring Agreement, the Debtor sold CBSG receipts in the amount of $11,800 and CBSG granted Debtor a line of credit in the amount of $10,000. The Debtor scheduled CBSG as having an unliquidated claim in the amount of $59,000. The Debtor proposes to grant each of the Secured Creditors a replacement lien on property acquired during the Case to the same extent, validity and priority as the lien of Secured Creditors existing on the Petition Date. The Debtor believes IberiaBank has a valid and perfected security interest senior to the other named Secured Creditors, by virtue of the UCC Financing Statement. The Debtor proposes to resume contractual payments to IberiaBank in order to preserve equity in the collateral and provide adequate protection to other Secured Creditors so that the value of their security interests will not erode during the pendency of the Case. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/ganb19-20009-9.pdf About Encounter Medical Associates Encounter Medical Associates, LLC's business consists of the operation of two medical clinics; one located at 3075 Ronald Reagan Blvd., Suite 501 in Cumming, Georgia, and the other clinic is located at 9280 Georgia Highway 5, Douglasville, Georgia. Encounter Medical Associates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 19-20009) on Jan. 3, 2019. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of $1 million to $10 million. The petition was signed by Alfred Ifarinde, managing member. Danowitz Legal, P.C., serves as the Debtor's legal counsel. ETCHER FARMS: Seeks Access to Cash Collateral Until Feb. 23 ----------------------------------------------------------- Etcher Farms, Inc., and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Southern District of Iowa to continue using cash collateral through and including Feb. 23, 2019 pursuant to and upon the same terms as those previously agreed to by the parties in the Stipulation and Consent Order. The Debtors, Compeer, and QPF entered into a Stipulation agreeing to the Debtors' continued use of cash collateral through and including Nov. 24, 2018, which was approved by the Court on Oct. 18, 2018. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/iasb18-00554-234.pdf About Etcher Farms Etcher Farms, Inc., Etcher Family Farms LLC, and Elmwood Farms, LLC, are privately held companies in Lovilia, Iowa, in the dairy farms business. They own a cropland and dairy complex located in Monroe County. Etcher Farms, Inc., Etcher Family Farms LLC, and Elmwood Farms, LLC, simultaneously filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Etcher Farms, Inc. (Bankr. S.D. Iowa Case No. 18-00554); Etcher Family Farms, LLC (Bankr. S.D. Iowa Case No. 18-00555); and Elmwood Farms, LLC (Bankr. S.D. Iowa Case No. 18-00556) on March 19, 2018. In the petitions signed by Scott Etcher, the Debtors' vice president and CEO, the Debtors disclosed $16,590,000 in assets and $10,000,000 in liabilities for Etcher Farms, Inc.; $7,230,000 in assets and $6,840,000 in liabilities for Etcher Family Farms; and $3,870,000 in assets and $4,670,000 in liabilities for Elmwood Farms, LLC. The Hon. Lee M. Jackwig oversees the Debtors' cases. Jeffrey D. Goetz, Esq., and Krystal R Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C., serve as the Debtors' counsel. FALLS EVENT: Trustee Taps Jones Lang LaSalle as Broker ------------------------------------------------------ Michael F. Thomson, the duly appointed Chapter 11 Trustee of The Falls Event Center LLC, seeks authority from the U.S. Bankruptcy Court for the District of Utah to employ Jones Lang LaSalle Americas, Inc., Jones Lang LaSalle Brokerage, Inc., and Jones Lang LaSalle Americas (Illinois) LP, as real estate to the Trustee. The Trustee requires Jones Lang LaSalle to market and sell the Debtor's real properties, known as follows: -- 250 & 270 North Clovis Ave, Clovis, CA 96312 -- Township 13 South Range 66 West Ely Paso County, Colorado -- 120 Harvester Drive, Burr Ridge, IL 60527 -- 12655 Southwest Miliken Way, Beaverton, OR -- S Side of Stone Oak Parkway West of HWY 281, San Antonio, TX 78258 -- 3455 Cutten Road, Houston, TX 77069 -- 170 South Mall Drive, St. George, UT 84790 Jones Lang LaSalle will be paid a commission of 6% of the gross proceeds. Jones Lang LaSalle will also be reimbursed for reasonable out-of-pocket expenses incurred. Brian Anderson, partner of Jones Lang LaSalle, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Jones Lang can be reached at: Brian Anderson JONES LANG LASALLE 111 S. Main St., Suite 300 Salt Lake City, UT 84111 Tel: (801) 456-9510 Fax: (801) 456-9545 About The Falls Event Center The Falls Event Center LLC owns various properties. It also owns a 100 percent membership interest in non-debtor subsidiaries The Falls at Cutten Road, LLC and The Falls at Stone Oak, LLC, each owning a single asset in the form of real property. The Falls Event Center sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 18-25116) on July 11, 2018. At the time of the filing, the Debtor estimated assets of $50 million to $100 million and liabilities of $100 million to $500 million. Judge R. Kimball Mosier oversees the case. Ray Quinney & Nebeker P.C. is the Debtor's legal counsel. The Debtor tapped Gil Miller and his firm Rocky Mountain Advisory, LLC, as restructuring advisors. On Nov. 1, 2018, the U.S. Trustee, the Debtor, and the Official Committee of Unsecured Creditors filed a stipulation for the appointment of a Chapter 11 trustee. In November 2018, Judge R. Kimball Mosier entered an order appointing a Chapter 11 trustee. DORSEY & WHITNEY LLP is the Trustee's counsel. FARROW GROUP: Case Summary & 7 Unsecured Creditors -------------------------------------------------- Debtor: Farrow Group, Inc. 601 Beaufait Detroit, MI 48207 Business Description: Farrow Group, Inc. is a demolition contractor in Detroit, Michigan. Chapter 11 Petition Date: January 24, 2019 Court: United States Bankruptcy Court Eastern District of Michigan (Detroit) Case No.: 19-41009 Judge: Hon. Mark A. Randon Debtor's Counsel: Ethan D. Dunn, Esq. MAXWELL DUNN, PLC 24725 W. 12 Mile Rd., Suite 306 Southfield, MI 48034 Tel: (248) 246-1166 E-mail: bankruptcy@maxwelldunnlaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Michael Farrow, president. A copy of the Debtor's list of seven unsecured creditors is available for free at: http://bankrupt.com/misc/mieb19-41009_creditors.pdf A full-text copy of the petition is available for free at: http://bankrupt.com/misc/mieb19-41009.pdf FLO-TECH INC: Seeks to Hire Keery McCue as Counsel -------------------------------------------------- Flo-Tech, Inc., seeks authority from the U.S. Bankruptcy Court for the District of Arizona to employ Keery McCue, PLLC, as counsel to the Debtor. Flo-Tech, Inc. requires Keery McCue to: a. advise the Debtor of its rights, duties, and obligations under the Chapter 11 of the Bankruptcy Code; b. prepare pleadings and applications; c. conduct examinations incidental to the administration of the Bankruptcy Case; d. take any and all other necessary action incident to the proper preservation and administration of the Chapter 11 estate; and e. advise the Debtor in the formulation and presentation of a plan pursuant to the Chapter 11 of the Bankruptcy Code. Keery McCue will be paid at the hourly rates of $135-$350. Keery McCue will also be reimbursed for reasonable out-of-pocket expenses incurred. Martin J. McCue, a partner at Keery McCue, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Keery McCue can be reached at: Martin J. McCue, Esq. KEERY MCCUE, PLLC 6803 East Main Street, Suite 1116 Scottsdale, AZ 85251 Tel: (480) 478-0709 Fax: (480) 478-0787 E-mail: mjm@keerymccue.com About Flo-Tech, Inc. Flo-Tech, Inc., filed a petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 2:19-bk-00460-BKM) on Jan. 15, 2019. The Debtor engaged Keery McCue, PLLC, as counsel. FRANK THEATRES: Taps Prime Clerk as Administrative Advisor ---------------------------------------------------------- The Frank Entertainment Group, LLC and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of New Jersey to hire Prime Clerk LLC as administrative advisor. The firm will provide these bankruptcy administrative services: (a) assist the Debtors in the preparation of the schedules and statements; (b) assist in the solicitation, balloting and tabulation of votes, and in the preparation of any related reports in support of confirmation of a Chapter 11 plan; (c) prepare an official ballot certification and, if necessary, testify in support of the ballot tabulation results; (d) manage and coordinate any distributions pursuant to the plan; and (e) provide other administrative services in connection with the Debtors' Chapter 11 cases. Prime Clerk will be paid at these hourly rates: Director of Solicitation $210 Solicitation Consultant $190 COO and Executive VP No charge Director $175 - $195 Consultant/Senior Consultant $65 - $165 Technology Consultant $35 - $95 Analyst $30 - $50 Benjamin Steele, partner at Prime Clerk, assured the court that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. Prime Clerk can be reached at: Benjamin J. Steele Prime Clerk LLC 830 3rd Avenue, 9th Floor New York, NY 10022 Tel: (212) 257-5450 About Frank Theatres The Frank Entertainment Group, LLC -- http://www.franktheatres.com/ -- has owned, operated, developed, and managed over 150 entertainment venues including nickelodeons, motion picture theatres, arcades, restaurants, nightclubs, bowling centers, game centers, and family entertainment centers. The Debtors operate pure play movie theaters, combination movie theater/family entertainment complexes, and pure play family entertainment complexes in six east coast states -- New Jersey (including theaters located in Bayonne and Rio Grande), Florida, North Carolina, South Carolina, Pennsylvania, and Virginia -- under the brand names Frank Theatres, CineBowl & Grille, and Revolutions. The Debtors employ approximately 694 people. Frank Entertainment Group is the ultimate parent of all of the other Debtors, including Frank Management, LLC, the main operating and management company. Frank Entertainment Group is headquartered in Jupiter, Florida. Frank Entertainment Group and 23 affiliates sought Chapter 11 protection on Dec. 19, 2018. The lead case is In re Frank Theatres Bayonne/South Cove, LLC (Bankr. D.N.J. Lead Case No. 18-34808). Frank Theatres Bayonne estimated assets of $10 million to $50 million and liabilities of the same range. The Hon. Stacey L. Meisel is the case judge. The Debtors tapped Lowenstein Sandler LLP as counsel; Moss Adams LLP as financial advisor; Paragon Entertainment Holdings, LLC as consultant; and Prime Clerk LLC as claims and noticing agent. GARDEN OAKS: Unsecured Creditors to Get $50,000 Under Ch. 11 Plan ----------------------------------------------------------------- Garden Oaks Maintenance Organization, Inc., the Debtor in this Bankruptcy Case, files this Disclosure Statement. Class 1 - Secured Claims are impaired. All Allowed Secured Claims will be paid in full, without interest, over twelve (12) months after the Effective Date. All Class 1 Claims will retain their prepetition lien. Class 2 - Unsecured Litigation Claims are impaired. Class 2 includes all Allowed Unsecured Claims of creditors asserting claims arising from prepetition litigation with the Debtor. $50,000.00 will be provided by the Debtor for payment of all Allowed Claims in Classes 2, and 3. All Allowed Class 2 Claims will be paid their pro-rated share of the $50,000.00. Payment of Allowed Class 2 Claims will be made within the later of ninety (90) days after the Effective Date, or thirty (30) days after all objections to unsecured claims have been resolved by final order of the Bankruptcy Court. Class 3 - Unsecured Refund Claims are impaired. Class 3 includes all Allowed Unsecured Claims asserting refunds of transfer fees paid to the Debtor. $50,000.00 will be provided by the Debtor for payment of all Allowed Claims in Classes 2, and 3. All Allowed Class 3 Claims will be paid their pro-rata share of the $50,000.00. Payment of Allowed Class 3 Claims will be made within the later of ninety (90) days after the Effective Date, or thirty (30) days after all objections to unsecured claims have been resolved by final order of the Bankruptcy Court. Class 4 - Relinquished Unsecured Claims are impaired. Class 4 includes claims filed with $0.00 amounts claimed, and all Class 2 and Class 3 Claims that elect to be treated as Class 4 Claims. Election to be treated as a Class 4 Claim includes a relinquishment of any prepetition claim right to claim a refund for payment of a transfer fee. Class 4 will not receive any distribution. Class 5 - Homeowner Claims are impaired. Class 5 includes four subclasses, consisting of each section of the Garden Oaks neighborhood - Section 1, Section 2, Section 3, and Section 5. Class 5 releases any claim that may exists to challenge, in any manner the enforceability of the 2002 Amended Deed Restrictions, the viability or any defects in the formation of the Petition Committee formed to draft, circulate and petition for the approval of the 2002 Deed Restrictions. With sufficient acceptances, Class 5 adopts the 2019 Amended Deed Restrictions, a copy of which is attached to both this Disclosure Statement and the Chapter 11 Plan. The Debtor contends that this plan is feasible as there is enough cash on hand to fund the Debtor's Chapter 11 Plan. A full-text copy of the Disclosure Statement dated January 7, 2019, is available at https://tinyurl.com/ycsr7udc from PacerMonitor.com at no charge. About Garden Oaks Garden Oaks Maintenance Organization, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 18-60018) on April 11, 2018. In the petition signed by Mark Saranie, president, the Debtor estimated assets of less than $1 million and liabilities of less than $1 million. Judge David R. Jones presides over the case. Johnie J. Patterson, Esq., at Walker & Patterson, P.C., serves as the Debtor's bankruptcy counsel. On May 31, 2018, the Office of the U.S. Trustee appointed an official committee of unsecured creditors. GIGA WATT: DOJ Watchdog Names Mark Waldron as Ch. 11 Trustee ------------------------------------------------------------ The Acting United States Trustee, Gregory M. Garvin, appointed Mark Waldron as the Chapter 11 Trustee for Giga Watt Inc. The appointment was made pursuant to the January 17, 2019 Order directing the United States Trustee to appoint a chapter 11 trustee for the Debtor. Prior to the appointment of the trustee, the U.S. Trustee’s office consulted independently with: a) Tim Fischer, who represents the Debtor; b) Daniel Bugbee and Ben Ellison, who represent the Unsecured Creditors Committee; c) David Kazemba, who represents creditors Giga Plex LLC and MLDC1, LLC; d) Bill Hames, who represents creditor Port of Douglas County; e) Christopher Ries who represents creditor Neppel Electrical & Controls, LLC; and f) Vanessa Pierce Rollins who represents creditor David Carlson, regarding the Chapter 11 trustee appointment. To the best of the U.S. Trustee's knowledge, Mr. Waldron has no connections with the debtor, creditors, any other parties in interest, their respective attorneys and accountants, the United States Trustee, or persons employed in the Office of the United States Trustee. About Giga Watt Inc. Giga Watt Inc., a cryptocurrency mining services provider based in East Wenatchee, Washington, filed for Chapter 11 protection (Bankr. E.D. Wash. Case No. 18-03197) on Nov. 19, 2018. In the petition signed by Andrey Kuzenny, secretary, the Debtor estimated up to $50,000 in assets and $10 million to $50 million in liabilities. The case is assigned to Judge Frederick P. Corbit. Winston & Cashatt, Lawyers, led by shareholder Timothy R. Fischer, is the Debtor's counsel. The Office of the U.S. Trustee appointed an official committee of unsecured creditors on Dec. 19, 2018. The committee tapped DBS Law as its legal counsel. GLANSAOL HOLDINGS: Committee Seeks to Hire Arent Fox as Counsel --------------------------------------------------------------- The Official Committee of Unsecured Creditors of Glansaol Holdings, Inc., and its debtor-affiliates, seeks authorization from the U.S. Bankruptcy Court for the Southern District of New York to retain Arent Fox LLP, as counsel to the Committee. The Committee requires Arent Fox to: (a) advise the Committee of its rights, duties, and powers in these Chapter 11 Cases; (b) assist, advise, and represent the Committee in its consultation with the Debtors relative to the administration of these Chapter 11 Cases; (c) assist, advise, and represent the Committee in investigating and analyzing the Debtors' assets and liabilities, investigating the extent and validity of liens and participating in and reviewing any proposed asset sales or dispositions; (d) attend meetings and negotiate with the representatives of the Debtors and secured creditors and other parties-in- interest; (e) assist and advise the Committee in its examination, investigation, and analysis of the conduct of the Debtors' affairs; (f) assist the Committee in the review, analysis, and negotiation of any plan of reorganization or liquidation that may be filed and to assist the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any plan of reorganization or liquidation; (g) assist the Committee in the review, analysis, and negotiation of any financing or funding agreements; (h) take all necessary actions to protect and preserve the interests of unsecured creditors, including, without limitation, the prosecution of actions on behalf of the Committee, negotiations concerning all litigation in which the Debtors are involved, and review and analysis of all claims filed against the Debtors' estates; (i) generally prepare on behalf of the Committee all necessary motions, applications, answers, orders, reports, and papers in support of positions taken by the Committee; (j) appear, as appropriate, before this Court, the appellate courts, and other courts in which matters may be heard and to protect the interests of the Committee before said courts and the U.S. Trustee; (k) perform such other legal services as may be required or deemed to be in the interests of the Committee; and (l) perform all other necessary legal services in these Chapter 11 Cases. Arent Fox will be paid at these hourly rates: Partners $650 to $1,105 Of Counsel $530 to $1,050 Associates $385 to $695 Paraprofessionals $170 to $370 Arent Fox will also be reimbursed for reasonable out-of-pocket expenses incurred. In accordance with Appendix B-Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the following is provided in response to the request for additional information: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: Not applicable. Question: Has your client approved your prospective budget and staffing plan, and, if so for what budget period? Response: No. Arent Fox will develop, and the Committee intends to review a prospective budget and staffing plan through March 31. George P. Angelich, a partner at Arent Fox, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and (a) is not creditors, equity security holders or insiders of the Debtors; (b) has not been, within two years before the date of the filing of the Debtors' chapter 11 petition, directors, officers or employees of the Debtors; and (c) does not have an interest materially adverse to the interest of the estate or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the Debtors, or for any other reason. Arent Fox can be reached at: George P. Angelich, Esq. Andrew I. Silfen, Esq. Beth M. Brownstein, Esq. ARENT FOX LLP 1301 Avenue of the Americas, Floor 24 New York, NY 10019 Tel: (212) 484-3900 Fax: (212) 484-3990 E-mail: george.angelich@arentfox.com andrew.silfen@arentfox.com beth.brownstein@arentfox.com About Glansaol Holdings Headquartered in New York, Glansaol Holdings Inc. 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). Glansaol 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. The U.S. Trustee for Region 2 on Dec. 28, 2018, appointed five creditors to serve on the official committee of unsecured creditors in the Chapter 11 cases. The committee retained Arent Fox LLP as counsel, and CBIZ Accounting, Tax and Advisory of New York, LLC, as financial advisor. GRAND VIEW FINANCIAL: Exclusivity Period Extended Until Feb. 15 --------------------------------------------------------------- Judge Robert Kwan of the U.S. Bankruptcy Court for the Central District of California issued an order extending the period during which Grand View Financial, LLC has the exclusive right to file a Chapter 11 plan through Feb. 15, and to solicit acceptances for the plan through April 17. Grand View Financial is contemplating of filing a plan that will be funded from the sale of its properties. However, there have been delays in getting sales approved and closed due to the need for evidentiary hearings regarding certain sale requirements and the need to eliminate claims secured by the properties, according to court filings. About Grand View Financial Formed in 2015, Grand View Financial LLC is a Wyoming limited liability company, which is in the business of acquiring distressed real property. Grand View Financial sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-20125) on Aug. 17, 2017. In the petition signed by Steve Rogers, its managing member, the Debtor disclosed $29.88 million in assets and $39.71 million in liabilities. Judge Julia W. Brand presides over the case. Levene, Neale, Bender, Yoo & Brill LLP serves as the Debtor's legal counsel. GROWCO INC: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: GrowCo, Inc. 456 Madison Street Denver, CO 80217 Business Description: GrowCo, Inc., builds and leases computer- controlled greenhouses to licensed marijuana growers in the United States. It also offers advisory, financing, development, and operational services for its licensed marijuana greenhouse tenants. Chapter 11 Petition Date: January 24, 2019 Court: United States Bankruptcy Court District of Colorado (Denver) Case No.: 19-10512 Judge: Hon. Joseph G. Rosania Jr. Debtor's Counsel: Lacey S. Bryan, Esq. WADSWORTH WARNER CONRARDY, P.C. 2580 W. Main Street, Suite 200 Littleton, CO 80120 Tel: 303-296-1999 Fax: 303-296-7600 E-mail: lbryan@wwc-legal.com - and - David V. Wadsworth, Esq. WADSWORTH WARNER CONRARDY, P.C. 2580 West Main Street, Suite 200 Littleton, CO 80120 Tel: 303-296-1999 Fax: 303-296-7600 E-mail: dwadsworth@wwc-legal.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by John R. McKowen, CEO. A copy of the Debtor's list of 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/cob19-10512_creditors.pdf A full-text copy of the petition is available for free at: http://bankrupt.com/misc/cob19-10512.pdf GROWCO PARTNERS: Involuntary Chapter 11 Case Summary ---------------------------------------------------- Alleged Debtor: GrowCo Partners 1, LLC 3025 S. Parker Rd., Suite 140 Aurora, CO 80014 Business Description: Founded in 2014, GrowCo Partners 1 operates in the commercial real estate industry. Involuntary Chapter 11 Petition Date: January 25, 2019 Court: United States Bankruptcy Court District of Colorado (Denver) Case No.: 19-10546 Judge: Hon. Joseph G. Rosania Jr. Petitioning Creditor: GrowCo, Inc. 456 Madison Street Denver, CO 80217 Petitioner's Counsel: Lacey S. Bryan, Esq. WADSWORTH WARNER CONRARDY, P.C 2580 W. Main Street, Suite 200 Littleton, CO 80120 Tel: 303-296-1999 Fax: 303-296-7600 Email: lbryan@wwc-legal.com - and - David Wadsworth, Esq. WADSWORTH WARNER CONRARDY, P.C 2580 West Main Street, Suite 200 Littleton, CO 80120 Tel: 303-296-1999 Fax: 303-296-7600 Email: dwadsworth@wwc-legal.com Notice of Reassignment There is a related case pending in this district, Case No. 19−10512 JGR. Pursuant to L.B.R. 1073−1, GrowCo Partners' case has been reassigned to the judge that heard and/or is assigned to the previous case. Accordingly, the Proceeding is reassigned to the Honorable Joseph G. Rosania Jr., United States Bankruptcy Judge, and that the caption for all further documents in the above captioned case or proceeding will bear the case number and suffix of 19−10546−JGR rather than 19−10546−KHT. A full-text copy of the Notice of Reassignment is available for free at: http://bankrupt.com/misc/cob19-10546.pdf GUARDIAN EXTERIORS: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Guardian Exteriors, Inc. 1019 N. Duncanville Rd. Duncanville, TX 75116 Business Description: Guardian Exteriors, Inc. is a roofing contractor in Duncanville, Texas. Chapter 11 Petition Date: January 24, 2019 Court: United States Bankruptcy Court Northern District of Texas (Dallas) Case No.: 19-30230 Judge: Hon. Harlin DeWayne Hale Debtor's Counsel: Areya Holder Aurzada, Esq. LAW OFFICE OF AREYA HOLDER, P.C. 901 Main Street, Suite 5320 Dallas, TX 75202 Tel: 972-438-8800 Fax: 972-438-8825 E-mail: areya@holderlawpc.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Teena Roberts, chief financial officer. 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/txnb19-30230.pdf GYMBOREE GROUP: U.S. Trustee Forms 5-Member Committee ----------------------------------------------------- John Fitzgerald, acting U.S trustee for Region 4, on Jan. 23 appointed five creditors to serve on the official committee of unsecured creditors in the Chapter 11 cases of Gymboree Group, Inc. and its affiliates. The committee members are: (1) Brookfield Property REIT, Inc. 350 N. Orleans St., Suite 300 Chicago, IL 60654 (2) LF Centennial Pte Ltd c/o Li & Fung 888 Cheung Sha Wan Road Kowloon, Hong Kong (3) Simon Property Group, LP 225 W. Washington St. Indianapolis, IA 46204 (4) Hansoll Textile, Ltd. 268 Songpa- Daero Songpa-Gu Seoul, Korea (5) Pan Pacific Co., Ltd 12, Digital-ro 31-gil Seoul, Korea Official creditors' committees have the right to employ legal and accounting professionals and financial advisors, at a debtor's expense. They may investigate the debtor's business and financial affairs. Importantly, official committees serve as fiduciaries to the general population of creditors they represent. Counsel to the Creditors' Committee: Robert J. Feinstein, Esq. Bradford J. Sandler, Esq. PACHULSKI STANG ZIEHL & JONES LLP 780 Third Avenue, 34th Floor New York, NY 10017-2024 Telephone: (212) 561-7700 Facsimile: (212) 561-7777 -- and -- Jeffrey N. Pomerantz, Esq. PACHULSKI STANG ZIEHL & JONES LLP 10100 Santa Monica Boulevard, 13th Floor Los Angeles, CA 90067-4100 Telephone: (310) 277-6910 Facsimile: (310) 201-0760 -- and -- Christopher A. Jones, Esq. Michael E. Hastings, Esq. Jennifer E. Wuebker, Esq. WHITEFORD, TAYLOR & PRESTON, LLP 901 E. Cary Street, Suite 500 Richmond, Virginia 23219-4063 Telephone: (804) 977-3300 Facsimile: (804) 977-3299 About Gymboree Group Inc. San Francisco-based Gymboree Group -- https://www.gymboree.com -- owns a portfolio of three children's clothing and accessories brands -- Gymboree, Janie and Jack and Crazy 8 -- each offering a different product line with a distinct brand identity and targeted product offering. Since its start in 1976, Gymboree Group has grown from offering mom-and-baby classes in the San Francisco Bay Area to currently operating over 900 retail stores in the United States and Canada, along with franchises around the world. Gymboree Group and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. 19-30258) on January 17, 2019. At the time of the filing, Gymboree Group had estimated assets of $100 million to $500 million and liabilities of $50 million to $100 million. The cases have been assigned to Judge Keith L. Phillips. The Debtors tapped Milbank, Tweed, Hadley & McCloy LLP as general bankruptcy counsel; Kutak Rock LLP as local counsel; Stifel, Nicolaus & Company, Incorporated and Berkeley Research Group, LLC as financial advisors; Hilco Real Estate, LLC as real estate Consultant; and Prime Clerk LLC as real estate consultant. H. BURKHART: $230K Sale of Knox Property to McGuirks Denied ----------------------------------------------------------- Judge Thomas P. Agresti of the U.S. Bankruptcy Court for the Western District of Pennsylvania denied H. Burkhart and Associates, Inc.'s sale of interest in the real property known as 147 Heeter Road, Knox, Pennsylvania to Jacob N. McGuirk and Jenny R. McGuirk for $230,000, subject to higher and better offers. A hearing on the Motion was held on Jan. 17, 2019. About H. Burkhart and Associates H. Burkhart and Associates, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-10750) on Aug. 3, 2016. The petition was signed by Henry F. Burkhart, III, owner. At the time of the filing, the Debtor estimated assets and liabilities of less than $500,000. The Debtor is represented by Brian C. Thompson, Esq., at Thompson Law Group, P.C. H2O BAGEL: Exclusivity Period Extended Until Feb. 19 ---------------------------------------------------- Judge Erik Kimball of the U.S. Bankruptcy Court for the Southern District of Florida granted the request of H2O Bagel No. 2 LLC and its affiliated debtors to extend the period during which they have the exclusive right to file a plan through Feb. 19, and to solicit acceptances for the plan through April 19. The companies will be proposing a joint plan with 52318 Bagel, LLC, which has committed to provide financing to help them get through bankruptcy. During the meeting held last month, attorneys for H2O Bagel, 52318 Bagel's principal and creditor Paradise Bank outlined a general strategy for proposing a bankruptcy plan. While details remain to be worked out, it is expected that a plan will be filed in 60 days or less. About H2O Bagel No. 2 H2O Bagel No. 2, LLC, is a specialty store retailer in Boca Raton, Florida. H2O Bagel No. 2 and its affiliate The Original Brooklyn Store, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case Nos. 18-17542 and 18-17544) on June 22, 2018. H2O Bagel Parkland filed a Chapter 11 petition on July 9, 2018. All three cases are jointly administered under Case No. 18-17542. At the time of the filing, H2O Bagel No. 2 estimated assets of less than $50,000 and liabilities of $10 million. The Debtor tapped Philip Landau, Esq., and the law firm of Shraiberg, Landau & Page, P.A. as its general bankruptcy counsel. The Office of the U.S. Trustee advised the Court on Aug. 28, 2018, that until further notice, it will not appoint a committee of creditors in the Debtors' cases. HEKMATJAH FAMILY: Seeks to Hire Havkin & Shrago as Counsel ---------------------------------------------------------- Hekmatjah Family Limited Partnership seeks authority from the U.S. Bankruptcy Court for the Central District of California to hire Havkin & Shrago, Attorneys at Law, as its legal counsel, effective December 17, 2018. The firm will provide these services: a. advise the Debtor with regard to the requirements of the bankruptcy court, bankruptcy law and the Office of the U.S. Trustee; b. advise the Debtor with regard to certain rights and remedies of its bankruptcy estate and the rights, claims and interests of creditors; c. represent the Debtor at its initial debtor interview and meeting of creditors; d. conduct examination of witnesses, claimants or adverse parties and represent the Debtor in adversary proceedings except those in an area outside of the firm's expertise; e. assist the Debtor in the negotiation, preparation and confirmation of a plan of reorganization; and f. provide other legal services in connection with the Debtor's Chapter 11 case. Havking & Shargo's hourly rates are: Stella Havkin Partner $450 David Jacob Of Counsel $325 Laura Bach Paralegal $150 The firm received a pre-bankruptcy retainer from the Debtor in the aggregate amount of $15,000, exclusive of the $1,717 filing fee. Stella Havkin, Esq., a partner at Havkin & Shrago, attests that the firm is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Stella A. Havkin, Esq. Havkin & Shrago, Attorneys at Law 5950 Canoga Avenue, Ste 400 Woodland Hills, CA 91364 Tel: 818-999-1568 Fax: 818-305-6040 Email: stella@havkinandshrago.com About Hekmatjah Family Limited Partnership Hekmatjah Family Limited Partnership is a real estate lessor whose principal assets are located at 9315 Alcott Street Los Angeles, California. Hekmatjah Family Limited Partnership filed a voluntary Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-13023) on December 17, 2018. In the petition signed by Daniel Braum, general partner, the Debtor disclosed $1 million to $10 million in assets and $10 million to $50 million in liabilities. The Debtor tapped Stella A. Havkin, Esq., at Havkin & Shrago, Attorneys at Law, as its legal counsel. IHEARTMEDIA INC: Seeks to Extend Exclusivity Period to April 30 --------------------------------------------------------------- iHeartMedia, Inc. asked the U.S. Bankruptcy Court for the Southern District of Texas to extend by 83 days the period during which the company and its affiliated debtors have the exclusive right to file a Chapter 11 plan and solicit acceptances for the plan. The company proposed to extend the exclusive filing period to April 30 and the exclusive solicitation period to June 29. "The debtors do not anticipate emerging before the current expiration of exclusivity, and therefore, are seeking an extension out of an abundance of caution in the event that unforeseen issues arise with respect to confirming or effectuating the plan," said Patricia Tomasco, Esq., iHeartMedia's attorney. iHeartMedia and its affiliated debtors filed an initial version of their proposed plan in April 2018 to comply with milestones under a restructuring support agreement. A key component of the plan is the separation of their business from that of CCOH. Last month, the companies reached a global settlement of claims with CCOH's shareholders, GAMCO Asset Management Inc. and Norfolk County Retirement System, which had raised certain concerns regarding the plan. The settlement was approved by the bankruptcy court on a preliminary basis. A series of hearings to confirm the plan began on Jan. 10. About iHeartMedia, Inc. and iHeartCommunications, Inc. iHeartMedia, Inc. (PINK:IHRT), the parent company of iHeartCommunications, Inc., is a global media and entertainment company. Based in San Antonio, Texas, iHeartCommunications specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners. The Company operates 849 radio stations. The Company's outdoor business reaches over 34 countries across five continents. To implement a balance sheet restructuring, iHeartMedia and 38 of its subsidiaries, including iHeartCommunications, Inc., filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 18-31274) on March 14, 2018. The cases are pending before the Honorable Marvin Isgur, and the Debtors have requested joint administration of the cases. Clear Channel Outdoor Holdings, Inc. and its subsidiaries did not commence Chapter 11 proceedings. As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in total assets, $23.93 billion in total liabilities, and a total stockholders' deficit of $11.67 billion. The Debtors have hired Kirkland & Ellis LLP as legal counsel; Jackson Walker L.L.P. as local bankruptcy counsel; Munger, Tolles & Olson LLP as conflicts counsel; Moelis & Company and Perella Weinberg Partners L.P as financial advisors; Alvarez & Marsal as restructuring advisor; and Prime Clerk LLC as notice & claims agent. The 2021 Noteholder Group is represented by Gibson Dunn & Crutcher LLP and Quinn Emanuel Urquhart & Sullivan, LLP as co-counsel; and GLC Advisors & Co. as financial advisor. The ad hoc group of Term Loan Lenders is represented by Arnold & Porter Kaye Scholer LLP as counsel; and Ducera Partners as financial advisor. The Legacy Noteholder Group is represented by White & Case LLP as counsel. The Debtors' equity sponsors are represented by Weil, Gotshal & Manges LLP as counsel. The Office of the U.S. Trustee for Region 7 on March 21, 2018, appointed seven creditors to serve on the official committee of unsecured creditors in the Chapter 11 cases of iHeartMedia, Inc. and its affiliates. The Committee tapped Akin Gump Strauss Hauer & Feld LLP as its legal counsel, FTI Consulting, Inc., as its financial advisor, and Jefferies LLC as its investment banker. INNOVATIVE CONSTRUCTION: Seeks to Hire ERA Team as Realtor ---------------------------------------------------------- Innovative Construction & Mechanical, LLC seeks authority from the U.S. Bankruptcy Court for the Western District of Pennsylvania to hire a realtor. The Debtor proposes to employ ERA Team VP Real Estate in connection with the sale of its real property located at 21 South Street, Warren, Pennsylvania. It wants the property sold to pay creditors and fund its bankruptcy plan. The realtor will receive a commission of 5.5% of the sale price of $65,000. Makala Wilkins, a realtor employed with ERA Team, disclosed in a court filing that she neither holds nor represents any interest adverse to the Debtor's bankruptcy estate. The firm can be reached through: Makala Wilkins ERA Team VP Real Estate 333 Jackson Run Road – Suite 2 Warren, PA 16313 About Innovative Construction Mechanical Innovative Construction Mechanical LLC filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 18-11088) on Oct. 23, 2018. In the petition signed by Thomas R. Eaton, owner, the Debtor estimated less than $50,000 in assets and less than $500,000 in liabilities. The Debtor is represented by Daniel P. Foster, Esq., at Foster Law Offices. No official committee of unsecured creditors has been appointed. INNOVATIVE MATTRESS: U.S. Trustee Forms 7-Member Committee ---------------------------------------------------------- The Office of the U.S. Trustee on Jan. 23 appointed seven creditors to serve on the official committee of unsecured creditors in the Chapter 11 cases of Innovative Mattress Solutions, LLC and its affiliates. The committee members are: (1) Eastern Sleep Products Company dba Symbol Mattress Michael McQuiston, President 4901 Fitzhugh Ave., Suite 300 Richmond, VA 23230 (804) 254-1711 mmcquiston@symbolmattress.com (2) TATM I, LLC Chad Voelkert, Member Manager 811 Corporate Dr., Suite 101 Lexington, KY 40503 (859) 420-5141 cvoelkert@naiisaac.com (3) Ryder Truck Rental dba Ryder Transportation Services Mike Mandell, Corporate Collection Manager 11690 NW 105th Street Miami, FL 33178 (305) 500-4417 mike_mandell@ryder.com (4) Smith–Lindsey Development, LLC James Daniel Smith, Esq., President/Chief Manager 12237 Ansley Court Knoxville, TN 37934 (865) 406-0938 daniel@smithlawtn.com -- or -- Smith–Lindsey Development, LLC James Daniel Smith, Esq., President/Chief Manager P.O. Box 50124 Knoxville, TN 37950 (865) 406-0938 daniel@smithlawtn.com (5) SO of Painesville, LLC David Graves (859) 368-0203 dgraves@cypresspropertygroup.com (6) Reach NNN -- IMS I, LLC K. Stephen Reach Delbert Renfroe, Development Manager 201 W. Short St., Suite 500 Lexington, KY 40507 (859) 536-6535 Renfroe@reachdmi.com (7) MCMF Properties, LLC Monica Franklin P.O. Box 9033 Newport Beach, CA 92658 mcmfproperties@gmail.com Official creditors' committees have the right to employ legal and accounting professionals and financial advisors, at a debtor's expense. They may investigate the debtor's business and financial affairs. Importantly, official committees serve as fiduciaries to the general population of creditors they represent. About Innovative Mattress Innovative Mattress Solutions, LLC, operates 142 specialty sleep retail locations primarily in the southeastern U.S. under the names Sleep Outfitters, Mattress Warehouse, and Mattress King. It offers sleep outfitters, complete beds, electric adjustable beds, bed bug protectors, sheets and pillows. Innovative Mattress Solutions was founded in 1983 and is based in Lexington, Kentucky. Innovative Mattress Solutions, LLC, and 10 affiliates sought Chapter 11 protection (Bankr. E.D. Ky. Lead Case No. 19-50042) on Jan. 11, 2019. The Hon. Gregory R. Schaaf is the case judge. Innovative Mattress estimated assets of $10 million to $50 million and liabilities of the same range. The Debtors tapped Delcotto Law Group PLLC as counsel; Brown, Edwards & Company, L.L.P. as accountant; and Conway Mackenzie, Inc. as financial advisor. INPIXON: May Issue Additional 5.2 Million Shares Under 2018 ESIP ---------------------------------------------------------------- Inpixon has filed a Form S-8 registration statement with the Securities and Exchange Commission to register an additional 5,241,376 shares of the Company's common stock for issuance under the 2018 Plan pursuant to (i) the provisions of the 2018 Plan that provide for automatic quarterly increases in the number of shares authorized for issuance under the 2018 Plan, and (ii) the Amendment which provides that the amount of shares of Common Stock that may be issued under the 2018 Plan will not be reduced in connection with a change in the outstanding shares of Common Stock by reason of stock dividends, stock splits, reverse stock splits, recapitalizations, mergers, consolidations, combinations or exchanges of shares, separations, reorganizations or liquidations. The Registration Statement relates solely to the registration of additional securities of the same class as other securities for which one or more other registration statements filed on this form relating to the same employee benefit plan are effective. The Company initially registered 75,000 shares (on a post reverse stock split basis) of its Common Stock issuable under the 2018 Plan pursuant to a Registration Statement on Form S-8 filed with the SEC on April 27, 2018. On Oct. 31, 2018, the Company held its 2018 Annual Meeting of Stockholders. At the 2018 Annual Meeting, the Company's stockholders voted affirmatively, among other things, to amend the 2018 Plan to no longer reduce the amount of shares of Common Stock that may be issued under the 2018 Plan in connection with a change in the outstanding shares of Common Stock by reason of stock dividends, stock splits, reverse stock splits, recapitalizations, mergers, consolidations, combinations or exchanges of shares, separations, reorganizations or liquidations. The Amendment was previously approved by the Company's Board of Directors on Oct. 5, 2018. The Company filed an amendment to its Restated Articles of Incorporation to effectuate a 1-for-40 reverse stock split of the Company's outstanding Common Stock effective as of Nov. 2, 2018. Pursuant to the Quarterly Increases and the Amendment, as of the date of Jan. 25, 2019, the aggregate number of shares of Common Stock issuable under the 2018 Plan is 5,316,376. A full-text copy of the Form S-8 prospectus is available for free at: https://is.gd/6K8CH8 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. IPS WORLDWIDE: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: IPS Worldwide, LLC 265 Clyde Morris Blvd, Ste 100 Ormond Beach, FL 32174 Business Description: Founded in 1998 and headquartered in Ormond Beach, Florida, IPS Worldwide -- https://www.ipsww.com -- operates as a freight payment and audit processing company that provides audit and payment services to corporate clients worldwide. In 2005, the Company began offering logistics/carrier contract management services to further support its clients with their transportation operations. IPS Worldwide has offices in seven countries covering North America, Europe, Asia, India, and Latin America. Chapter 11 Petition Date: January 25, 2019 Court: United States Bankruptcy Court Middle District of Florida (Orlando) Case No.: 19-00511 Judge: Hon. Karen S. Jennemann Debtor's Counsel: Scott W. Spradley, Esq. LAW OFFICES OF SCOTT W SPRADLEY PA 109 South 5th Street Flagler Beach, FL 32136 Tel: (386) 693-4935 Fax: (386) 693-4937 E-mail: scott@flaglerbeachlaw.com scott.spradley@flaglerbeachlaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $100 million to $500 million The petition was signed by William Davies, president. A full-text copy of the petition is available for free at: http://bankrupt.com/misc/mieb19-00511.pdf List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ Alcoa $28,780,463 6603 West Broad Street Richmond, VA 23230 Arcelor Mittal $660,067 3001 Dickey Road East Chicago, KS 66211 Arconic $16,862,915 6603 West Broad Street Richmond, VA 23230 Atkore International $1,781,884 16100 S Lathrop Avenue Harvey, IL 60426 Bio-Rad Laboratories $1,834,520 1000 Alfred Nobel Drive Hercules, CA 94547 Bossard Industrial Products $737,980 2925 Morton Drive East Moline, IL 61244 Elo TouchSystems $544,827 300 Constitution Drive Menlo Park, CA 94025 Gilbraltar Industries $1,818,700 3556 Lake Shore Road Buffalo, NY 14201 Integrated Supply Network $908,739 2727 Interstate Drive Lakeland, FL 33805 KTM Motorcycles $1,012,211 30100 Technology Drive Murrieta, CA 92563 Life Technologies $2,764,065 5791 Van Allen Way Carlsbad, CA 92008 Rexnord $3,597,269 4701 W. Greenfield Avenue Milwaukee, WI 53214 Stanley $41,645,007 1000 Stanley Drive Concord, NC 28027 Suez WaterTech & Solutions $4,353,593 4636 Somerton Road Feasterville Trevos, PA 19053 True Value Co - Advertising $6,033,916 320 S. Division Street Harvard, IL 60033 Tyco Electronics $916,887 Exeter, NH 03833 Wayne $610,092 3814 Jarrett Way Austin, TX 78728 Xerium Technologies $414,723 1401 Capital Blvd Youngsville, NC 27596 YRC Freight $4,731,992 10990 Roe Avenue Overland Park, KS 66211 Zekelman Industries $1,164,460 900 Haddon Avenue Collingswood, NJ 08108-9200 IWORLD OF TRAVEL: Unsecureds to Get 6% Quarterly Over 5 Years ------------------------------------------------------------- IWorld of Travel, Ltd. filed with the U.S. Bankruptcy Court for the Southern District of Florida a small business disclosure statement in connection with its chapter 11 plan dated Jan. 11, 2019. Under the plan, general unsecured creditors are classified in Class 3 and will receive a distribution of approximately 6% to be distributed quarterly pro rata payments over five years with the first payment to commence on the Effective Date. Payment under the plan will be from Debtor’s operations. CEO and majority shareholder Michael Gelber has agreed to provide gap funding for Plan payments in years 1 and 2 of the plan. The plan's most significant risk would be another material and significant recession or an unforeseen international event which adversely impacts the travel industry worldwide resulting in decreased revenues. A copy of the Disclosure Statement is available at https://is.gd/wTJZdv from Pacermonitor.com at no charge. About iWorld of Travel Based in Fort Lauderdale, Florida, iWorld of Travel, Ltd., f/d/b/a Isram Wholesale Tours & Travel, Ltd. -- https://www.iworldoftravel.com/ -- is a tour operator. Founded in 1967, the company concentrates primarily on four brands: Latour, for Latin America; EuropeToo, for Europe and Morocco; Asian Vistas for Asia and Belder Gray for Egypt, Jordan and the Middle East. IWorld of Travel filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 18-16485) on May 30, 2018. In the petition signed by Richard Krieger, its president, the Debtor disclosed $63,435 in assets and $3.18 million in liabilities. The Hon. John K Olson presides over the case. Thomas L. Abrams, Esq., at Gamberg & Abrams, serves as bankruptcy counsel to the Debtor. JAMES FOODS: Bankruptcy Administrator Unable to Appoint Committee ----------------------------------------------------------------- No official committee of unsecured creditors has been appointed in the Chapter 11 case of James Foods, Inc. as of Jan. 23, according to a filing with the U.S. Bankruptcy Court for the Middle District of North Carolina. About James Foods Inc. James Foods, Inc. is a food manufacturer based in Graham, North Carolina, specializing in a full line of foodservice and retail frozen gourmet entrees and desserts. James Foods sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 19-10017) on Jan. 8, 2019. 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 Catharine R. Aron. Ivey, McClellan, Gatton & Siegmund, LLP, is the Debtor's counsel. JAMES FOODS: Hires Lynn Smith as Chief Restructuring Officer ------------------------------------------------------------ James Foods, Inc., has filed an amended application with the U.S. Bankruptcy Court for the Middle District of North Carolina seeking approval to hire Lynn Smith & Webb, PLLC, as chief restructuring officer to the Debtor. James Foods requires Lynn Smith to: a. investigate the prepetition books and records of the Debtor; b. assist the Debtor in preparing and setting up accurate and proper financial reporting mechanisms; c. assist the Debtor in the creation of weekly financial reporting, or such other financial reporting documentation as may be requested by the Bankruptcy Administrator, any party in interest, or as may be directed by the Court; d. assist the Debtor in the creation of Monthly Operating Reports; e. assist the Debtor in creating and maintaining, and investigate as to the current value of, the Debtor's accounts receivable; f. assist the Debtor in collecting on accounts receivables, and reflecting said collections on proper reports; g. assist the Debtor in filing all applicable governmental filings, including but not limited to quarterly and yearly tax returns; h. assist the Debtor in the preparation of any and all financial reporting that may be requested or required; i. assist the Debtor in the creation of, and following of, a Court approved operating budget; j. assist the Debtor in determining the accuracy and reasonableness of the Debtor's budget; and k. make any and all proposals and suggestions to the Debtor consistent with the CRO's other duties, including proposals and suggestions on the best course of action to restructure the Debtor, make it more profitable, and recommendations on the best course of action to take with the Debtor's real and personal property. Lynn Smith will be paid at the hourly rate of $300. Lynn Smith will also be reimbursed for reasonable out-of-pocket expenses incurred. Jeffrey D. Smith, a partner at Lynn Smith & Webb, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Lynn Smith can be reached at: Jeffrey D. Smith LYNN SMITH & WEBB, PLLC 910 N. Sandhills Blvd. Aberdeen, NC 28315 Tel: (704) 438-9688 About James Foods James Foods, Inc., is a food manufacturer based in Graham, North Carolina, specializing in a full line of foodservice and retail frozen gourmet entrees and desserts. James Foods sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 19-10017) on Jan. 8, 2019. 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 Catharine R. Aron. Ivey, McClellan, Gatton & Siegmund, LLP, is the Debtor's counsel. JAMES FOODS: Seeks Authorization on Cash Collateral Use ------------------------------------------------------- James Foods Inc. requests the U.S. Bankruptcy Court for the Middle District of North Carolina for authorization to use cash collateral in the ordinary course of its business. The Debtor asserts that the requested use of cash collateral will allow it to maintain its viability as a business for the period up to and through April 2019. The use of cash collateral will be necessary to allow the Debtor pay its operational needs which include the cost of maintaining the business, payment of wages and salaries, purchase and use of inventory, and other normal expenses incurred in the ordinary course of business and as a result of the filing of the Chapter 11 proceeding. The Debtor believes the following Secured Creditors may claim an interest in cash collateral: (a) Copperwood Capital is owed approximately $430,000 pursuant to the transfer of an agreement initially entered into with Goodman Factors, which is secured by the Debtor's accounts, note, intellectual property, inventory and other intangibles. (b) The Internal Revenue Service has a lien on the Debtor's property, including cash collateral, pursuant to thirteen Notices of Federal Tax Liens. As of the Petition Date, the outstanding balance owed to the IRS is approximately $531,000. While the Copperwood UCC Financing Statements was filed after IRS liens, the IRS executed a subordination agreement with Goodman, and as such, the Copperwood Agreement has a first priority position and the IRS has a second lien position on receivables. (c) The Employment Security Commission ("ESC") also has a lien on the Debtor's property pursuant to tax liens in an amount equaled to approximately $22,000, as of the Petition Date. (d) The North Carolina Department of Revenue ("NCDOR") has a lien on the Debtor's property pursuant to tax liens in the approximate amount of $3,100, as of the Petition Date. (e) Metro Marketing has a lien on all assets, equipment, furniture, fixtures, inventory and accounts receivables at the James Foods location in Asheboro, N.C. Metro Marketing is alleging it is owed $5 million, which the Debtor disputes. (f) Corporation Service Company, on behalf of Expansion Capital Group, has a lien on the Debtor's rights in the future payment of money. Currently, the outstanding balance if $349,601 (g) CFG Merchant Solutions, LLC is owed approximately $2,300 pursuant to a Purchase and Sale Contract for Future Receipts, secured by the Debtor's receipts -- meaning, all payments made to Debtor. (h) Fundzini, LLC is owed approximately $6,100 pursuant to a Purchase and Sale Contract for Future Receipts and pursuant to a Promissory Note and Security Agreement, which is secured by the Debtor's accounts receivables, receipts, instruments, contract rights and other rights to receive payment of money, patents, chattel paper, licenses, leases and general intangibles. (i) US Foods, Inc. is owed approximately $15,000 pursuant to the purchase of inventory, secured by the Debtor's personal property including accounts, goods, inventory, equipment, fixtures and vehicles. The Secured Creditors will adequately protected by continuing to allow it to maintain a security interest in the property which was held prepetition having the same priority and rights in the collateral as it had prepetition. The total of the Debtors financial accounts and inventory equaled $14,634. The Debtor asserts that the use of the prepetition and post-petition inventory will assist it in preserving the Debtor's ability to maintain production and maintain the business. Allowing the Debtor to use the funds from the receivables will allow it to create replacement collateral of greater value. In the interest of preserving future negotiations with Secured Creditors and insuring that they are adequately protected, the Debtor offers adequate protection payments as follows: (a) Copperwood Capital will be paid $300 per month based on the amortization of $14,634 for five years at 6.25% per annum. (b) The IRS will receive monthly payments in the amount of $10,310 based on the amortization of $530,000 for five years at 6.25% per annum. (c) The ESC will receive monthly payments in the amount of $4,30 based on the amortization of $22,000 for five years at 6.25% per annum. (d) The NCDOR will receive monthly payments in the amount of $60 based on the amortization of $3,100 for five years at 6.25% per annum. (e) Metro Marketing, Expansion Capital, CFG Merchant, Fundzini and US Foods will not receive any adequate protection payments because the value of the cash collateral assets for which these creditors have a lien is less than the value of creditors with superior liens. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/ncmb19-10017-4.pdf About James Foods Inc. James Foods, Inc., is a food manufacturer based in Graham, North Carolina, specializing in a full line of foodservice and retail frozen gourmet entrees and desserts. James Foods sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 19-10017) on Jan. 8, 2019. 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 Catharine R. Aron. Ivey, McClellan, Gatton & Siegmund, LLP, is the Debtor's counsel. JAMES GARRISON: $179K Sale of Boaz Property Approved ---------------------------------------------------- Judge James J. Robinson of the U.S. Bankruptcy Court for the Northern District of Alabama authorized James Michael Garrison's sale of the real property located at 447 Copeland Drive, Boaz, Alabama for $179,000. A hearing on the Motion was held on Jan 17, 2019. The Closing Attorney is directed to: a. to pay at closing from the sales price of $179,000 all reasonable and necessary closing costs attributed to the Sellers, excluding broker commissions, and to satisfy the mortgage note held by Alabama Power Credit Union, which is the only lien known to Debtor; b. to hold in his Trust Account the broker commission due to Chuck Cranford/ReMax Guntersville pending approval by the Court of an Application for Compensation for Chuck Cranford/ReMax Guntersville; and c. the net proceeds of the sale to the Debtor James Michael Garrison at closing. The Debtor will deposit his one-half of the net proceeds from the sale in the DIP plan account and hold those funds pending further Order of the Court. James Michael Garrison sought Chapter 11 protection (Bankr. N.D. Ala. Case No. 18-41820) on Oct. 26, 2018. The Debtor tapped Tameria S. Driskill, Esq., as counsel. JME TRUCKING: Unsecureds to Recoup 100% in Latest Plan ------------------------------------------------------ JME Trucking, LLC, filed an amended disclosure statement describing its proposed chapter 11 plan of reorganization. The undisputed unsecured creditors, in this case, consist of two unsecured claims and classified in Class 4. Noble Tire approximately $5,188.36 and Dwight Evenson approximately $28,000. Each creditor will 100% of their allowed, undisputed claim. Payments should be made in five equal annual installments with no interest accruing. The first payment to commence one year after the date of Plan confirmation and continue for four additional annual installments. The previous version of the plan provided that each undisputed creditor will receive 5% of an allowed, undisputed claim. Payments should be made in five equal annual with no interest accruing. A copy of the Amended Disclosure Statement is available at https://is.gd/t8wQ2W from Pacermonitor.com at no charge. About JME Trucking JME Trucking, LLC, is a limited liability company owned 100% by John Evenson. Mr. Evenson is the sole operating member of JME Trucking, LLC. It is located and operates the trucking company at 2120 16 1/2 Street, Rice Lake, Wisconsin. It leases this commercial property from an unrelated third party. JME Trucking filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wis. Case No. 18-11512) on May 3, 2018, estimating under $1 million in assets and liabilities. The case is assigned to Chief Judge Catherine J. Furay. Mart W. Swenson, at The Swenson Law Group, is the Debtor's counsel. JOSEPH'S TRANSPORTATION: May Use Cash Collateral Until April 16 --------------------------------------------------------------- The Hon. Frank J. Bailey of the U.S. Bankruptcy Court for the District of Massachusetts authorized Joseph's Transportation, Inc.'s use of cash collateral through April 16, 2019 pursuant to the terms and conditions as identified on the record at the hearing and as previously allowed. Counsel for Komatsu Financial Limited Partnership has conceded on the record that his client does not have an interest in cash collateral, therefore, Komatsu's objection is overruled. The Debtor is required to file a further Motion for Use of Cash Collateral on or before March 29, 2019 and the Court will hold a hearing on April 16, 2019, at 10:30 a.m. Objections must be filed by 4:30 p.m. on April 12, 2019. Further, the Debtor is directed to file, on a monthly basis, a reconciliation between projections and use of cash. A full-text copy of the Order is available at http://bankrupt.com/misc/mab18-14282-74.pdf About Joseph's Transportation Joseph's Transportation is a family-owned and operated full transportation company that has been serving the New England area for more than 40 years. Joseph's Transportation filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No. 18-14282) on Nov. 11, 2018. In the petition signed by Joseph Albano III, president, the Debtor estimated assets of $500,001 to $1 million and liabilities of the same range. The Law Office of Gary W. Cruickshank serves as counsel to the Debtor. JPM REALTY: Seeks More Time to File Bankruptcy Plan --------------------------------------------------- JPM Realty, Inc. asked the U.S. Bankruptcy Court for the Middle District of Pennsylvania to give the company more time to file its plan for emerging from Chapter 11 protection. If the request is granted, the company will have 88 days after the so-called "funding restoration" to have the exclusive right to propose a plan, and 118 days after the funding restoration to file a plan. Funding restoration means the restoration of funding to the U.S. government and the return of furloughed employees to work in the federal government, according to court filings. JPM Realty's deadline to file a plan expired on Jan. 22. Its current exclusive filing period is set to expire on Feb. 21. About JPM Realty Inc. JPM Realty, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 18-04511) on Oct. 24, 2018. At the time of the filing, the Debtor estimated assets of less than $500,000 and liabilities of less than $500,000. Judge Robert N. Opel II presides over the case. The Debtor tapped C. Stephen Gurdin Jr., Esq., as its legal counsel. K & B DIRECTIONAL: Authorized to Use Cash Collateral on Final Basis ------------------------------------------------------------------- The Hon. Brenda T. Rhoades of the U.S. Bankruptcy Court for the Eastern District of Texas authorized K & B Directional, Inc. to use cash collateral, subject to the protections and considerations described in the Final Order. The use of cash collateral is limited on a monthly basis to the amounts and for the expenses of the Debtor as set forth in the Budget. A variance of up to 5% for reasonable and necessary expenses above those reflected in the Budget is allowed on a month-to-month basis for any of the line items other than Payroll/Taxes. However, the total of all such variances will not exceed $5,000 in the aggregate per month. The Debtor is authorized to pay any quarterly fee to the U.S. Trustee coming due during the term of Debtor's authorization as set forth in the Final Order. The Debtor's monthly expenditures for compensation paid to any of the following insiders of the Debtor will not exceed the amounts listed below. Furthermore, any compensation to any of following insiders will only be paid if or to the extent such insider actually works and performs the employee's duties for and on behalf of the Debtor: -- Brent Jennings: $3,224 per calendar month as a full-time, at least 40-hour/week employee. -- Charise Jennings: $3,224 per calendar month as a full-time, at least 40-hour/week employee. -- Tony Jennings: $15/hour as a part-time employee, not to exceed $1,309.60 per calendar month. -- Tony Jennings: $15/hour as a part-time employee, not to exceed $506.10 per calendar month. AeroFund Financial and Texas Heritage Bank are each granted valid and automatically perfected replacement liens and security interests, in and upon all property and assets of the Debtor's estate which are of the same category and type of property and assets that comprised each such creditor's prepetition collateral, having the same priority over all unsecured creditors, and retaining the same priority among secured creditors (if more than on) as such secured creditors' liens and security interests occupied prior to the Petition Date. As further adequate protection for Texas Heritage Bank's interest in the collateral, the Debtor is ordered as follows: (a) The Debtor will maintain and provide directly to Texas Heritage Bank proof of current and effective casualty and other personal property insurance on the D100 Directional Drill and Mud Tech Cleaner and Trailer, which coverage will name Texas Heritage Bank as the first lien Mortgagee and an Additional Insured. Such coverage will be in an amount at least equal to the unpaid balance of Note 2, in the approximate amount of $437,560. (b) The Debtor will reasonably care for and maintain the D100 Directional Drill and Mud Tech Cleaner and Trailer in a manner consistent with good business practices in Debtor's industry. The Debtor's authorization to use cash collateral continues until the earlier of: (a) confirmation of a plan of reorganization; (b) the conversion of the case to a case under any other chapter in the Bankruptcy Code; (c) the dismissal of the case; (d) the date a notice of termination of authority is filed because of an Event of Default; or (e) the entry of any further Order of the Court terminating or conditioning the use of cash collateral. A full-text copy of the Final Order is available at http://bankrupt.com/misc/txeb18-42643-37.pdf About K & B Directional K & B Directional, Inc.'s business consists of the ownership and operation of oil and gas drilling rigs. K & B Directional sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 18-42643) on Nov. 27, 2018. At the time of the filing, the Debtor estimated assets of less than $50,000 and liabilities of $1 million to $10 million. The Hon. Brenda T. Rhoades is the case judge. Eric A. Liepins, P.C., is the Debtor's counsel. KEYCORP LLC: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: KeyCorp, LLC 550 Bailey Avenue, Suite 650 Fort Worth, TX 76107 Business Description: KeyCorp, LLC is an investment firm specializing in investments in food services/restaurant industry. Chapter 11 Petition Date: January 25, 2019 Court: United States Bankruptcy Court Northern District of Texas (Ft. Worth) Case No.: 19-40302 Judge: Hon. Edward L. Morris Debtor's Counsel: Katherine T. Hopkins, Esq. KELLY HART & HALLMAN LLP 201 Main Street, Suite 2500 Fort Worth, TX 76102 Tel: (817) 332-2500 Fax: (817) 878-9280 Email: katherine.thomas@kellyhart.com katherine.hopkins@kellyhart.com - and - Michael A. McConnell, Esq. KELLY HART & HALLMAN LLP 201 Main Street, Suite 2500 Ft. Worth, TX 76102 Tel: (817) 332-2500 Fax: (817) 878-9280 Email: michael.mcconnell@khh.com michael.mcconnell@kellyhart.com - and - Nancy Ribaudo, Esq. KELLY HART & HALLMAN LLP 201 Main Street, Suite 2500 Fort Worth, TX 76102 Tel: (817) 878-3574 Fax: (817) 878-9774 Email: nancy.ribaudo@khh.com nancy.ribaudo@kellyhart.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Kyle C. Mann, vice chairman. A full-text copy of the petition containing, among other items, a list of the Debtor's 24 largest unsecured creditors is available for free at: http://bankrupt.com/misc/txnb19-40302.pdf Pending bankruptcy cases of affiliates: Debtor Petition Date Case No. ------ ------------- -------- Sovrano, LLC 01/04/19 19-40067 Mr. Gatti's LP 01/04/19 19-40069 Gatti's Great Pizza, Inc. 01/04/19 19-40070 Gigi's Cupcakes, LLC 01/04/19 19-40072 Gigi's Operating, LLC 01/04/19 19-40073 Gigi's Operating II, LLC 01/04/19 19-40074 KOI DESIGN: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: Koi Design LLC 1757 Stanford Street Santa Monica, CA 90404 Business Description: Koi Design -- https://www.koihappiness.com -- is an independently owned, woman- run company engaged in the business of wholesale distribution of women's and men's clothing and accessories. Chapter 11 Petition Date: January 25, 2019 Court: United States Bankruptcy Court Central District of California (Los Angeles) Case No.: 19-10762 Judge: Hon. Neil W. Bason Debtor's Counsel: Jessica L. Bagdanov, Esq. BRUTZKUS GUBNER ROZANSKY SEROR WEBER LLP 21650 Oxnard St Woodland Hills, CA 91367 Tel: 818-827-9212 Fax: 818-827-9099 E-mail: jbagdanov@bg.law - and - Susan K. Seflin, Esq. BRUTZKUS GUBNER ROZANSKY SEROR WEBER LLP 21650 Oxnard St., Suite 500 Woodland Hills, CA 91367 Tel: 818-827-9000 Fax: 818-927-9099 E-mail: sseflin@bg.law Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Kathy Peterson, president and managing member. A full-text copy of the petition is available for free at: http://bankrupt.com/misc/cacb19-10762.pdf List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount ------ --------------- ------------ 7-Insider Vendor $53,720 Room B318, No. 458 Gexin Avenue Dongxihu District Wuhan 430040 China Wendy Tel: +86-15001800843 Email: wendy@7-insider.com Acorn Paper Products Vendor $20,599 P.O. Box 23965 Los Angeles, CA 90023-0965 Maria Swain Tel: 323-972-4734 Email: mswain@acorn-paper.com Apropos Vendor $177,695 Ste 1510 Gangseo Hanwha Biz Metro 1st Bldg., 551-17, Yangcheonro Gangseo-Gu, Seoul Korea G.S. Kang Tel: +82-2-715-5855 Email: kang@a-propos.co.kr CitiStaff Solutions Inc. Staffing Services $57,315 c/o Wells Fargo Business Credit PO Box 845510 Los Angeles, CA 90084-5510 Tel: 714-474-2380 Email: mybarra@citistaffsolutions.com Cohn Handler Sturm Accountants $5,500 11620 Wilshire Blvd. Suite 875 Los Angeles, CA 90025 Barry Cohn Tel: 310-479-9600 Email: bcohn@cohnhandler.com ColorGraphics Vendor $19,470 Cenveo Worldwide Ltd. P.O. Box 31001-1283 Pasadena, CA 91110-1283 Melinda Takahashi Tel: 323-261-7171 Email: melinda.takahashi@cenveo.com Empire Cleaning Supply Vendor $1,463 7733 Telegraph Rd. Montebello, CA 90640 Accounts Receivable Tel: 323-248-7770 Email: empirecleaningsupply.ar@gmail.com Exenta, Inc. Software $7,663 8 West 38th St., 7th Floor New York, NY 10018 Lauren Camac Tel: 212-279-5800 Email: lauren.camac@simparel.com First Choice Services Vendor $1,560 18840 Parthenia St. Northridge, CA 91324 Jessica Mata Tel: 818-812-7800 Email: sanfernandovalley@firstchoiceservices.com Hollywood Model Management Model Agency $720 953 Cole Ave. Los Angeles, CA 90038 Accounts Receivable Tel: 323-871-1240 Email: accounting@hmmla.com I-MAR Vendor $3,000,000 5150 Rancho Rd Huntington Beach, CA 92647 S.D. Jun Tel: 714-901-4627 x2021 Email: sdjun@i-mar.net Inex Customs Broker Vendor $5,027 11222 La Cienega Blvd. #355 Inglewood, CA 90304 Heidi Ahn Tel: 310-568-8975 Email: gbcustomsbroker@sbcglobal.net Lyneer Staffing Solutions Staffing Services $53,164 PO Box 75414 Chicago, IL 60675-5414 Beatriz Munoz Tel: 609-882-8400 Email: bmunoz@lyneer.com OTT Trading Vendor $63,734 #3 Huaxiazhihun, Room #702 No. 2, Dongting, Mid Road Wuxi, Jiangsu China Han Choi Tel: +86-510-88222351 Email: choi@ottbiz.net Shanghai Nex-T Inc., Ltd. Vendor $157,839 7F, Sheng Gao International Bldg No. 137 Xianxia Rd Shanghai 20051 China J.I. Jang Tel: +86-21-52060000 Email: jang@nex-t.com Stanford/Nebraska Landlord $93,401 Properites, Ltd. c/o Westport Realty, Inc. 433 N. Camden Drive, Suite 820 Beverly Hills, CA 90210 Glenn Freeman Tel: 310-550-1570 Email: gfreeman@nsbinc.com ULine Vendor $987 PO Box 88741 Chicago, IL 60680-8107 Accounts Receivable Tel: 800-295-5510 Email: Accounts.Receivable@ULINE.COM Weihai Hishi Textile Vendor $2,011,687 Imp & Exp Co No. 79 Shichang St. Weihai China Judy Tel: 0086-631-5862179 Email: judy@hishitex.com Widen Enterprises, Inc. Digital Services $15,350 PO Box 8801 Carol Stream, IL 60197-8801 Amanda Fraser Tel: 608-222-1296 Email: ar@widen.com Wilhelmina International, Inc. Model Agency $1,440 P.O. Box 650002 Dept. 8107 Dallas, TX 75265-8107 Miriam Velasquez Tel: 212-271-1676 Email: ar@wilhelmina.com L REIT LTD: Authorized to Use Cash Collateral Until March 31 ------------------------------------------------------------ The Hon. David R. Jones of the U.S. Bankruptcy Court for the Southern District of Texas has authorized L Reit, Ltd. to use Cash Collateral during the Budget Period exclusively for the purposes of and to the extent described in the budget and the Cash Collateral Stipulation. L Reit, Ltd. has sought authority to use the cash collateral of Wells Fargo Bank, National Association as Trustee for the registered holders of JPMBB Commercial Mortgage Securities Trust 2014-C26, Commercial Mortgage Pass-Through Certificates, Series 2014-C26 ("Secured Noteholder"), and the Secured Noteholder consents to the use of Cash Collateral on the terms and conditions set forth in the Cash Collateral Stipulation. The Secured Noteholder consents to the Debtor's use of the Cash Collateral during the Budget Period commencing on the Petition Date and ending on the Termination Date solely and exclusively for the disbursements set forth in the budget and solely and exclusively upon the protections, terms and conditions provided for in the Cash Collateral Stipulation and pursuant to the terms of the Cash Management Agreement as modified by the Cash Collateral Stipulation and for no other purpose. The Debtor may not exceed the total expenses set forth in the Budget for the Budget Period by more than 5% on a cumulative basis and, furthermore, the expenditure for any particular line item described in the Budget will, with respect to each calendar month during the Budget Period, not exceed 110% of the aggregate amount projected to be expended by the Budget on such line item. The Debtor's right to use cash collateral under the Cash Collateral Stipulation will terminate on the earlier to occur of the following: (a) an Event of Default as defined in the Cash Collateral Stipulation, (b) an order of the Court terminating the use of Cash Collateral; or (c) March 31, 2019 at 5:00 p.m. The Debtor may not use Cash Collateral to: (i) pay any prepetition claim or debt of any party other than that of the Secured Noteholder; (ii) pay or transfer Cash Collateral to any affiliate or insider of the Debtor; or (iii) pay any professional fees of the Debtor or any insider thereof. The Debtor will make no disbursements from any account other than the Debtor-In-Possession Bank Account, except with written consent of Secured Noteholder. The Secured Noteholder will be paid interest at a nondefault rate of interest as provided in the Loan Documents and in the amounts provided for in the Cash Collateral Stipulation. The Secured Noteholder will apply the payments it receives under the Cash Collateral Stipulation to the Loan in a manner permitted under the terms of the Loan Documents. The Secured Noteholder is authorized to make payments of any real property taxes for tax year 2018 and insurance premiums relating to the Property from the Debtor's tax and insurance escrow, which is being held by the Secured Noteholder, including the payment of those real estate taxes evidenced by the invoices. The Secured Noteholder will receive a monthly adequate protection payment in an amount equal to monthly non-default interest under the Loan Documents, which is $194,990, which amount will be paid pursuant to the Cash Management Agreement, as modified by the Stipulation, only after payment of approved monthly budgeted amounts provided for in the Cash Collateral Stipulation. As further adequate protection of the Secured Noteholder's interests in the PrePetition Collateral and Cash Collateral, and in addition to all existing security interests and liens granted to or for the benefit of Secured Noteholder in the Pre-Petition Collateral, the Secured Noteholder is granted, to secure the Debtor's obligations under the Loan, replacement security interests and liens on all the Debtor and the Estate's assets and property, whether now owned or hereafter created or acquired, real or personal, assets or rights, of any kind or nature, wherever located, and the income, receivables, charges, proceeds, products, rents and profits thereof, If and to the extent that the Replacement Liens prove insufficient to adequately protect the interests of Secured Noteholder in the Collateral, then Secured Noteholder will have a super-priority administration claim against the Debtor under Bankruptcy Code Section 507(b). The Superpriority Claim will constitute and will be a claim in the Bankruptcy Case with priority over any and all administrative expenses of the kinds specified in Section 503(b) or 507(b) of the Bankruptcy Code and over any and all administrative expenses or other claims arising under Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), or 726 of the Bankruptcy Code, whether or not such expenses or claims may become secured by a judgment lien or other non-consensual lien, levy, or attachment. The Debtor will maintain, with financially sound and reputable insurance companies, insurance covering the Collateral, which insurance will be issued by companies, associations or organizations reasonably satisfactory to Secured Noteholder and will cover such casualties, risks, perils, liabilities and other hazards reasonably required by Secured Noteholder and the Loan Documents. The amount and terms of such insurance will comply with the obligations of the Debtor under the Loan Documents. The Secured Noteholder will be named as an additional insured and loss payee on all such insurance policies obtained by Debtor. The Debtor will also provide the Secured Noteholder, upon written reasonable request therefor, but not less frequently than monthly, all balance sheets, income statements, records of funds received in connection with the Collateral, and other standard financial statements. Further, the Debtor will also serve counsel for the Secured Noteholder with copies of all monthly operating reports delivered to the Office of the U.S. Trustee within three business days after filing of such reports, and such service may be accomplished through the Bankruptcy Court's electronic case filing system. The Debtor will provide the Secured Noteholder with all other reports and information concerning the Debtor's business, financial or otherwise, as the Secured Noteholder may from time to time request, including without limitation and on at least a monthly basis, any summaries of operations generated by the Debtor in the ordinary course of their business, including monthly accounts payable and accounts receivable reports. The Debtor is also authorized to remit the sum of $44,000 to Source Power & Gas LLC ("SPG") as a deposit to provide adequate assurance of payment as provided in 11 U.S.C. 366. However, Secured Noteholder's Replacement Liens in funds held by SPG as a security deposit for post-petition utility services will be junior to the rights and claims of SPG. Upon receipt of this deposit and absent further order of the Court, SPG will be prohibited from altering, refusing or discontinuing service to the Debtor. A full-text copy of the Order is available at http://bankrupt.com/misc/txsb18-36881-44.pdf About L REIT Ltd. and Beltway 7 Properties Ltd. L REIT, Ltd., is a privately-held lessor of real estate based in Houston, Texas. Its principal assets are located at 7900, 7904, 7906, 7908, 7840, and 7850 N. Sam Houston Parkway, and 10740 N. Gessner Road, Houston, Texas. Beltway 7 Properties, Ltd., retains a 99% ownership interest in L REIT and is its sole limited partner. L REIT and Beltway 7 Properties sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 18-36881) on Dec. 5, 2018. At the time of the filing, L REIT estimated assets of $50 million to $100 million and liabilities of $50 million to $100 million. Beltway estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. The cases have been assigned to Judge David R. Jones. LANDING AT BRAINTREE: Seeks Authorization to Use Cash Collateral ---------------------------------------------------------------- Landing at Braintree, LLC, requests the U.S. Bankruptcy Court for the District of Massachusetts to authorize the use of cash collateral of the secured creditors, including but not limited to Northeast Bank, on a continuing basis. The Debtor is the owner of all 10 separate condominium units that occupy a 10 unit building located at 125-141 Commercial Street, Braintree, MA 02184 ("Braintree Property"). The Debtor has formulated its Plan of Reorganization and will file a plan within 180 days of filing. The Debtor plans to rent the units, and to use the rental income to pay the note going forward, and to cure the arrears over the remaining period due under the note. All ten units are occupied. Northeast Bank holds a mortgage in the original balance of $1,050,000. Said sum was used to refinance the ten units. The current balance of said mortgage is approximately $1,038,000. Northeast Bank also holds a second mortgage which secures Debtor's guaranty of an obligation of 10 Homestead Avenue, LLC -- another LLC of which the Debtor's member is also a sole member. Homestead also filed a Chapter 11, Case No. 18-14158-FJB. The original Homestead balance secured by the Northeast Mortgage is $600,000 ("Guaranty Balance"). Homestead owns 4 condominium units. The sales value of the 4 units is $1,058,700; and the sales proceeds will be sufficient to pay off the Homestead guaranty balance and a portion of the Landing balance. The Landing refinanced balance is fully secured by the Landing property. The Debtor is not aware of any other liens on the Braintree Property except that the Debtor owes property taxes. The Debtor acknowledges that the Town of Braintree is due approximately $19,079 in Property taxes. The Mortgage and Security Agreement secures rents, accounts, accounts receivables, contract rights and rents and profits. The Debtor requests that said rents will be used (i) to make the insurance, property taxes and any other ordinary operating expenses for the Property; (ii) to pay the quarterly U.S. Trustee's fees; and (iii) to make adequate protection payments to Northeast Bank of $7,000 in monthly principal and interest payments. As adequate protection, the Debtor proposes the following: (a) To continue maintaining insurance on the Property; (b) To grant Northeast Bank a replacement lien on the same type of postpetition property of the estate against which Northeast Bank held lien as of the Petition Date. Said replacement lien will maintain the same priority, validity and enforceability as Northeast Bank's pre-petition lien. Said replacement lien will be recognized only to the extent of the diminution in value of Northeast Bank's pre-petition collateral after the petition date resulting from the Debtors' use of cash collateral during the pendency of the case; (c) To set aside on a monthly basis and to pay when due the real estate taxes accruing on the property; (d) To pay the utilities of the Braintree property including, electricity and gas; (e) To pay the water and sewer; and (f) To pay the quarterly U.S. Trustee fees. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/mab18-14159-31.pdf About Landing at Braintree 10 Homestead Avenue, LLC, is the developer of 4 separate condominium units in a 4-unit building located at 10 Homestead Avenue, Quincy, MA 02169. Landing at Braintree, LLC, is the owner of all 10 separate condominium units that occupy a 10 unit building located at 125-141 Commercial Street, Braintree, MA 02184. 10 Homestead Avenue, LLC, and 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 oversees Case No. 18-14158 while the Hon. Christopher J. Panos oversees Case No. 18-14159. The Ann Brennan Law Offices serves as the Debtors' counsel. The Law Office of Lipman & White, is the special counsel. LBI MEDIA: Noteholders Object to Disclosure Statement ----------------------------------------------------- The Ad Hoc Group of Noteholders objects to the approval of the disclosure statement for the Amended Plan of Reorganization of LBI Media, Inc. and its Affiliated Debtors. The Noteholders complain that the Disclosure Statement does not list a percentage recovery or a range of recoveries, by Class, under any scenario, let alone under each of the various potential scenarios that could occur in a few people's sole discretion. The Noteholders point out that the Disclosure Statement states that independent director Neal Goldman retained RLF to conduct an investigation into the claims that have been raised by the Noteholder Group in its prepetition state court litigation. The Group further points out that other than saying that such investigation included "extensive factual and legal analysis" and that "RLF conferred with, and reported on, its investigation to Mr. Goldman," there are no details provided. The Noteholders complain that the allowed amount of the First Lien Notes Claims is still unknown. The Noteholders point out that the Disclosure Statement and the Plan state that the First Lien Notes Claims will be Allowed in the aggregate principal amount of $233,000,000, plus accrued but unpaid interest (including default interest), plus any other unpaid premiums (including the Applicable Premium), fees, costs, or other amounts due. The Noteholders add that the amount of the "Applicable Premium" and the amount of the First Lien Notes Claims directly affect what is available for the Second Lien Noteholders, yet the Debtors overtly omit what such amounts will be. The Noteholders assert that there is no information as to any valuation underlying the Debtors' Plan. According to the Noteholders, while they recognize that Debtors are not always required to file their valuation analyses as part of the Disclosure Statement, the circumstances of these Chapter 11 Cases, and the impact such valuation have on not only recoveries, but the fairness and good faith nature of the Plan, warrant disclosure. Co-Counsel to the Noteholder Group: Robert J. Dehney, Esq. Andrew R. Remming, Esq. Paige N. Topper, Esq. MORRIS, NICHOLS, ARSHT & TUNNELL LLP 1201 N. Market St., 16th Floor PO Box 1347 Wilmington, DE 19899-1347 Telephone: (302) 658-9200 Facsimile: (302) 658-3989 -- and -- Rachel C. Strickland, Esq. Paul V. Shalhoub, Esq. WILLKIE FARR & GALLAGHER LLP 787 Seventh Avenue New York, NY 10019 Tel: 212-728-8000 Fax: 212-728-9544 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. Andrew Vara, acting U.S. trustee for Region 3, on Dec. 6 appointed five creditors to serve on the official committee of unsecured creditors in the Chapter 11 cases of LBI Media, Inc. and its affiliates. The Committee tapped Squire Patton Boggs (US) LLP as lead counsel, Bayard, P.A., as co-counsel, and Dundon Advisers LLC as financial advisor. LIFE ENHANCEMENT: Trustee Files Chapter 11 Liquidating Plan ----------------------------------------------------------- James S. Proctor, as Chapter 11 trustee of Life Enhancement Products, Inc., filed a Joint Liquidating Plan and accompanying disclosure statement. Class 3 - Unsecured Creditors of Third Parties are impaired. Allowed unsecured claims that arise from a personal guaranty or third-party obligation(s) of Kramer & Amado, PC shall not bear interest, and shall be paid by one pro-rata payment to general unsecured claims after payment in full of all administrative and priority claims, projected to be in the spring of 2019, and distribution is estimated at 7%. Class 4 - Unsecured Creditors of Co-Debtor are impaired. Allowed unsecured claims that arise from a personal guaranty or co-debtor relationship on a vehicle lease or purchase agreement of Ally and Toyota shall not bear interest, and shall by paid by one pro-rata payment to general unsecured claims after payment in full of all administrative and priority claims, projected to be in the spring of 2019, and distribution is estimated at 7%. Class 5 - General Unsecured Creditors are impaired. Allowed unsecured claims shall not bear interest, and shall be paid. The Trustee shall make one pro-rata payment to general unsecured claims after payment in full of all administrative and priority claims, projected to be in the spring of 2019, and distribution is estimated at 7%. The Plan will be funded by cash generated from (1) operations of the Debtor's business and (2) the liquidation of substantially all of the Debtor's assets. A full-text copy of the Disclosure Statement dated January 7, 2019, is available at https://tinyurl.com/yalbj2hh from PacerMonitor.com at no charge. Attorneys for Chapter 11 Trustee James S. Proctor: Louis M. Bubala, III, Esq. KAEMPFER CROWELL 50 W. Liberty Street, Suite 700 Reno, NV 89501 Telephone: 775.852.3900 Facsimile: 775.327.2011 Email: lbubala@kcnvlaw.com About Life Enhancement Products Life Enhancement Products, Inc. ("LEP") manufactures and provides nutritional supplements with unique formulations for general health, memory enhancement, blood sugar maintenance, cognitive enhancement, among others, based on formulations derived from known formulators across the country. The raw materials purchased for the products are derived from the highest-quality, pharmaceutical-grade ingredients and are packaged under clean-room conditions, and materials undergo lab testing to confirm purity. LEP offers its services through direct Internet sales to the public or through medical providers. Life Enhancement Products sought Chapter 11 protection (Bankr. D. Nev. Case No. 14-51572) on Sept. 17, 2014. Judge Bruce T. Beesley is assigned to the case. The petition was signed by Wallace Block, president. The Debtor estimated assets at $285,866 and liabilities at $1.94 million. The Debtor tapped Alan R Smith, Esq., at The Law Offices of Alan R. Smith as counsel. On April 17, 2015, the Court approved the appointment of James S. Proctor as Chapter 11 trustee. The Trustee continues to operate the Debtor's business and manage its financial affairs pursuant to Sections 1106(a) and 1108 of the Bankruptcy Code. The Trustee tapped Louis M. Bubala, Esq., at Kaemper Crowell as attorney. LUBY'S INC: Releases Preliminary Results from Annual Meeting ------------------------------------------------------------ Luby's, Inc., announced that based on the preliminary vote count at the Company's 2019 Annual Meeting of Shareholders reviewed by its proxy solicitor, shareholders have supported the election of all nine of the Company's director nominees: Gerald W. Bodzy, Judith B. Craven, M.D., Twila Day, Jill Griffin, Frank Markantonis, Joe C. McKinney, Gasper Mir, III, Christopher J. Pappas and Harris J. Pappas. Gasper Mir, III, Independent Chairman of Luby's, said, "We greatly appreciate the candid and valuable perspectives that shareholders provided to us throughout this election and we appreciate the support that we received from shareholders. Our goal as a Company and a Board is to be responsive to shareholder feedback and continue these dialogues, particularly as we conduct the previously announced search to add two new independent directors to the Board. We will welcome the input and views of Bandera Partners during our Board refreshment process and will be seeking to engage further with them in the near-term." Christopher J. Pappas, CEO of Luby's, said, "With this annual election now completed, our full focus returns to executing our turnaround plan for the business and ensuring that we have our right Board composition to oversee our strategy. Our goal is to create value for all shareholders, and we will be working tirelessly to achieve this by improving our operating results and helping Luby's reach its full potential." The preliminary voting results also indicate that at the Annual Meeting shareholders approved the non-binding advisory vote to approve the Company's executive compensation and the ratification of the appointment of the Company's independent registered public accounting firm. According to the preliminary voting results, shareholders did not approve the proposal to approve an amendment to the Company's Amended and Restated Certificate of Incorporation to eliminate the supermajority voting requirement for shareholders to remove directors. In order to be approved, this proposal required the affirmative vote of the holders of at least 80% of the voting power of the outstanding shares. The Company intends to file the voting results, as tabulated by the Company's independent Inspector of Elections, on a Form 8-K with the Securities and Exchange Commission. Luby's is represented by Sidley Austin LLP. About Luby's Houston, Texas- based Luby's, Inc. (NYSE: LUB) -- http://www.lubysinc.com/-- operates 142 restaurants nationally as of Nov. 7, 2018: 82 Luby's Cafeterias, 59 Fuddruckers, and 1 Cheeseburger in Paradise. The Company is also the franchisor for 104 Fuddruckers franchise locations across the United States (including Puerto Rico), Canada, Mexico, Panama, and Colombia. Luby's Culinary Contract Services provides food service management to 30 sites consisting of healthcare, higher education, sport stadiums, and corporate dining locations. Luby's reported a net loss of $33.56 million for the year ended Aug. 29, 2018, compared to a net loss of $23.26 million for the year ended Aug. 30, 2017. As of Aug. 29, 2018, Luby's had $199.98 million in total assets, $87.36 million in total liabilities, and $112.6 million in total shareholders' equity. Grant Thornton LLP, in Houston, Texas, issued a "going concern" qualification in its report on the consolidated financial statements for the year ended Aug. 29, 2018, noting that the Company sustained a net loss of approximately $33.6 million and net cash used in operating activities of approximately $8.5 million. The Company's term and revolving debt of approximately $39.5 million is due May 1, 2019. The Company was in default of certain debt covenants of its term and revolving credit agreements maturing on May 1, 2019. On Aug. 24, 2018, the lenders agreed to waive the existing events of default resulting from any breach of certain financial covenants or the limitation on maintenance capital expenditures, in each case that may have occurred during the period from and including May 9, 2018 until Aug. 24, 2018, and any related events of default. Additionally, the lenders agreed to waive the requirements that the Company comply with certain financial covenants until Dec. 31, 2018, at which time the Company will be in default without an additional waiver or alternative financing. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. MACAULEY CONTRACTING: Hires Kurtzman Steady as Attorney ------------------------------------------------------- Macauley Contracting, LLC, seeks authority from the U.S. Bankruptcy Court for the District of New Jersey to employ Kurtzman Steady, LLC, as attorney to the Debtor. Macauley Contracting requires Kurtzman Steady to: a. provide legal representation to the Debtor regarding all phases of the proper administration of the estate; b. advise the Debtor with respect to its powers and duties as a debtor-in-possession; c. prepare applications, motions, pleadings, briefs, memoranda and other documents and reports as may be required; d. represent the Debtor in court; e. represent the Debtor in its dealings with creditors; f. represent the Debtor in negotiating, drafting, confirming and consummating a plan of reorganization; and g. represent the Debtor in the investigation of potential causes of action. Kurtzman Steady will be paid at these hourly rates: Attorneys $350 to $480 Paralegals $75 The Debtor paid Kurtzman Steady a retainer in the amount of $23,283, plus filing fee of $1,717 on Jan. 10, 2019. After deducting expenses and fees, the balance of retainer amounting to $16,756 is held in the firm's trust account. Kurtzman Steady will also be reimbursed for reasonable out-of-pocket expenses incurred. Maureen P. Steady, a partner at Kurtzman Steady, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Kurtzman Steady can be reached at: Maureen P. steady, Esq. KURTZMAN STEADY, LLC 38 N. Haddon Avenue Haddonfield, NJ 08033 Tel: (856) 428-1060 Fax: (609) 482-8011 About Macauley Contracting Macauley Contracting, LLC, filed a Chapter 11 bankruptcy petition (Bankr. D.N.J. Case No. 19-10990-ABA) on Jan. 16, 2019. The Debtor hired Kurtzman Steady, LLC, as counsel. MARTIN'S FISHING: Amends Treatment of IRS Secured Claim ------------------------------------------------------- Martin's Fishing Tools and Rentals, Inc. and Charles and Linda Martin filed an amended consolidated small business disclosure statement for their proposed chapter 11 plan dated Jan. 15, 2019. The latest plan amends the treatment of IRS' secured claim in Class 2. It provides that the homestead of the Debtors, Charles and Linda Martin located in Andrews Co., Texas and has an estimated value of approximately $371,000 will be the subject of an Offer Compromise to be submitted to the IRS following the entry of a Final Decree in the bankruptcy cases. Martin's Fishing, owns a one tract of real property, which is currently the subject of a contract sale. The Bankruptcy Court has approved the sale of the real estate for the gross sales price of %56,675. Upon the closing of the sale, the net proceeds will be held in the Debtor in Possession account of Martin's Fishing pending confirmation of the plan or further order by the Court. The Liquidating Trustee, if such sale has not been closed prior to the entry of confirmation order, will close the sale, and use the net proceeds to pay the claims in the order priority established in the plan. A copy of the Amended Disclosure Statement is available at https://is.gd/tPa4h4 from Pacermonitor.com at no charge. About Martin's Fishing Tools Martin's Fishing Tools and Rentals, Inc., sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Texas Case No. 17-70158) on Sept. 27, 2017. Linda Martin, its president, signed the petition. At the time of the filing, the Debtor estimated assets of $100 million to $500 million and liabilities of $1 million to $10 million. Judge Tony M. Davis presides over the case. The Debtor tapped Mullin Hoard & Brown, LLP, as its legal counsel. MATTRESS OVERSTOCK: Taps Golding Law Offices as Legal Counsel ------------------------------------------------------------- Mattress Overstock Inc. and its debtor-affiliates received approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ The Golding Law Offices, P.C. as their legal counsel. The firm will provide these services: (a) advise the Debtors with respect to their rights, powers and duties under the Bankruptcy Code; (b) assist the Debtors in the negotiation, formulation and confirmation of a plan of reorganization; (c) investigate claims asserted against the Debtors and take necessary actions; (d) take actions to collect, recover or sell property of the Debtors if necessary; (e) assist the Debtors in obtaining refinancing of its secured debt from replacement lenders; (f) assist the Debtors in resolving issues with unions; and (g) provide other legal services in connection with the Debtors' Chapter 11 cases. The Debtors paid the firm a retainer of $25,500 (inclusive of the filing fees for the three cases), of which $19,239 was expended on pre-bankruptcy legal services. The firm's customary hourly rates are: Richard N. Golding $475 Jonathan D. Golding $375 Paralegals $190 Jonathan Golding, Esq., a partner at Golding Law Offices, attests that his firm is "disinterested" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Jonathan D. Golding, Esq. The Golding Law Offices, P.C. 500 N. Dearborn Street, 2nd FL Chicago, IL 60610 Tel: (312) 832-7892 Fax: (312) 755-5720 Email: jgolding@goldinglaw.net About Mattress Overstock Inc. Mattress Overstock is a retailer of mattresses with locations in Illinois, Texas, and Arkansas. It features brands like Fashion Bed Group, Guild Craft of California, Glideaway Sleep Products, United Furniture Industries, Fairmont Designs, Lane Home Furnishings, Simmons, Southern Motion, Ashley, Uttermost, klaussner home furnishings, Howard Miller, and Leggett & Platt. Its showroom is located at 18 Crystal Lake Plaza, #18E, Crystal Lake, Illinois. Mattress Overstock, Inc., Mattress Overstock of DuPage, Inc. & J. Becker Management, Inc. filed Chapter 11 voluntary petitions (Bankr. N.D. Ill. Lead Case No. 18-32262) on November 16, 2018. The petitions were signed by James Becker, president. At the time of filing, Mattress Overstock estimated $34,796 in assets and $123,468 in liabilities; Mattress Overstock of Du Page estimated $10,000 in assets and $85,571 in liabilities; and J. Becker Management, Inc. estimated $445,737 in assets and $2,785,717 in liabilities. The cases have been assigned to Judge Carol A. Doyle The Debtors tapped Jonathan D. Golding, Esq., at The Golding Law Offices, P.C., as their legal counsel. MCCLATCHY CO: Amends Employment Agreement with President & CEO -------------------------------------------------------------- The McClatchy Company and Craig I. Forman, president and chief executive officer of the Company, have entered into Amendment No. 1 to the Executive Employment Agreement, dated Jan. 25, 2017. All other terms of Mr. Forman's Employment Agreement remain in effect. Under the Amended Employment Agreement, the Employment Agreement is subject to automatic renewal for additional two-year terms, commencing as of Jan. 25, 2019, unless either party gives written notice of the party's intention not to renew at least 60 days prior to the expiration of any term. Annual Cash Incentive Bonus. Mr. Forman will be eligible to receive an annual cash bonus for each fiscal year based on performance objectives established by the Company's Compensation Committee, and the target amount of such annual cash bonus will be at least 100% of Mr. Forman's base salary then in effect for each applicable year. SERP Accrual: Effective Jan. 1, 2019, Mr. Forman's accruals under the McClatchy Company Supplemental Executive Retirement Plan are increased to 25% of his base salary. Business Expenses: The Company will pay Mr. Forman a monthly supplemental stipend in the amount of $35,000, payable monthly, subject to applicable withholdings, to offset certain unreimbursed business expenses, including a monthly housing allowance and travel allowance. However, prior to any automatic renewal of the term of the Amended Employment Agreement, the Company may reevaluate the amount of the monthly supplemental stipend and reset such amount of this supplemental payment, including by increasing, reducing or continuing the monthly amount. Severance Payment: If during the term of the Amended Employment Agreement, Mr. Forman's employment is terminated (i) for any reason other than Cause or Disability, (ii) for Good Reason, (iii) for any reason during the 60 day period beginning on the six month anniversary of a Change in Control (as defined in the Company's Amended and Restated 2012 Omnibus Incentive Plan, as it may be amended and/or restated from time to time), or (iv) due to the Company's providing of notice of its intention not to renew the Amended Employment Agreement, then Mr. Forman will be entitled to receive his accrued but unpaid base salary and benefits as described in the Amended Employment Agreement and a lump-sum severance payment from the Company. If not in connection with a Change in Control, the Severance Payment will be (i) $1,000,000 plus (ii) target Annual Cash Incentive in the year of termination. If the Termination Date is within the 90 days prior to or the 24 months following a Change in Control, then the Severance Payment will be (i) $2,000,000 plus (ii) two times target Annual Cash Incentive in the year of termination. If Mr. Forman's employment is terminated for any reason other than Cause, then all his unvested equity awards will be fully vested. If Mr. Forman would be entitled to severance payments under any executive severance plan that is adopted by the Company for its senior executives after the date of the Amendment, then he will receive the greater of the benefits provided for. In the event of a termination described in this paragraph, Mr. Forman will be fully vested in his benefits under the SERP, notwithstanding anything to the contrary in the SERP, and will have an amount not less than 25% of his annual base salary contributed to the SERP in such year without regard to his termination of employment. Legal Expenses: The Company will reimburse Mr. Forman for the reasonable legal expenses that he incurs in connection with the review and negotiation of the Amendment (in an amount not to exceed $10,000). About McClatchy The McClatchy Company operates 30 media companies in 14 states, providing each of its communities with news and advertising services in a wide array of digital and print formats. McClatchy is a publisher of iconic brands such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News & Observer, and the (Fort Worth) Star-Telegram. McClatchy is headquartered in Sacramento, Calif., and listed on the New York Stock Exchange American under the symbol MNI. McClatchy incurred a net loss of $332.4 million for the year ended Dec. 31, 2017, following a net loss of $34.19 for the year ended Dec. 25, 2016. As of Sept. 30, 2018, McClatchy had $1.30 billion in total assets, $149.8 million in total current liabilities, $1.39 billion in total non-current liabilities, and a stockholders' deficit of $241.22 million. * * * In March 2018, S&P Global Ratings lowered its corporate credit rating on The McClatchy Co. to 'CCC+' from 'B-'. The rating outlook is stable. "The downgrade reflects our view that McClatchy's capital structure is unsustainable at current leverage and discretionary cash flow (DCF) levels. Still, we don't expect a default to occur during the next 12 months. McClatchy has no imminent liquidity concerns, full availability on its $65 million revolving credit facility due 2019, low capital expenditures, and it generates positive DCF. McClatchy continues to hold Moody's Investors Service's "Caa1" corporate family rating. In December 2015, Moody's affirmed the "Caa1" corporate family rating rating and changed the rating outlook to stable from positive due to continued weakness in the print advertising market and the ongoing pressure on the company's operating cash-flow. McClatchy's "Caa1" Corporate Family Rating reflects persistent revenue pressure on the company's newspaper and print operations, reliance on cyclical advertising spending, and its high leverage including a large underfunded pension. MISSING LYNX: Unsecureds to Get 100% in 60 Monthly Payments ----------------------------------------------------------- The Missing Lynx, Inc., filed a small business Chapter 11 plan and accompanying disclosure statement. Class 2.01 - Secured Claim of BMO Harris Bank, NA. are impaired. Claim secured by purchase money security interest in vehicles sold. Claim: $297,990.50. The secured claim of BMO Harris Bank, NA shall be partially satisfied by the surrender of collateral, with such surrender having already occurred. Class 2.02 - Secured Claim of First Home Bank are impaired. Claim secured by 1st priority UCC-1 against all of debtor’s assets. Claim: $270,570.46. The secured claim of First Home Bank will be $200,000.00, paid in equal monthly installments over a 6-year period following the effective date of the plan with interest accruing at 6%. Thus, payments to First Home Bank will be $3,314.58 beginning on the 15th day of the first month following 60 days after the effective date of the plan. Class 2.03 - Secured Claim of TCF Equipment Finance are impaired. Claim secured by purchase money security interest in vehicles sold. Claim: $101,747.31. The secured claim of TCF Equipment Finance shall be satisfied by the surrender of the collateral, with such surrender having already occurred. Class 2.05 - Secured Claim of Isuzu Finance of America are impaired. Claim secured by purchase money security interest in vehicles sold. Claim: $10,000.00. The secured claim of Isuzu Finance of America shall be satisfied by the surrender of the collateral. Class 2.06 - Secured Claim of Lease Corp. of America are impaired. Claim secured by 1st priority UCC-1 in goods leased. Claim: $19,693.14. The secured claim of Lease Corp. of America shall be satisfied by the surrender of the collateral. Class 2.07 - Secured Claim of Fundation Group, LLC are impaired. Claim secured by 2nd priority UCC-1 against all of debtor’s assets. Claim: $68,877.20. The secured claim of Fundation Group, LLC is wholly unsecured. Thus, the claim of Fundation Group, LLC will be treated as a general, unsecured claim and paid pro-rata pursuant to the terms of Class 3 claims. Class 3 - Non-priority Unsecured Creditors are impaired. The allowed general unsecured claims will be paid 100% of their claim in 60 monthly payments. Payments will be due and payable beginning on the 15th day of the first month following 60 days after the effective date of the plan. The amount to be paid pro-rata is estimated at $160,000.00. Payments and distributions under the plan will be funding by cash flow from operations and future income. A full-text copy of the Disclosure Statement dated January 7, 2019, is available at https://tinyurl.com/y7tr9q8n from PacerMonitor.com at no charge. About The Missing Lynx Express The Missing Lynx Express, Inc. is a company based in Spring, Texas, which provides installation for all major appliances. The Missing Lynx Express filed a Chapter 11 petition (Bankr. S.D. Tex. Case No. 18-31255) on March 13, 2018, listing less than $1 million in assets and liabilities. Judge Eduardo V. Rodriguez presides over the case. MISSION COAL: Seeks to Extend Exclusive Filing Period to May 12 --------------------------------------------------------------- Mission Coal Company, LLC asked the U.S. Bankruptcy Court for the Northern District of Alabama to extend the period during which it has the exclusive right to file a Chapter 11 plan through May 12, and to solicit acceptances for the plan through July 11. Mission Coal's current exclusive filing period is set to expire on Feb. 11 while the deadline for the company to solicit votes is April 12. Daniel Sparks, Esq., at Christian & Small LLP, in Birmingham, Alabama, said that while the company and its affiliated debtors have made significant progress to reorganize their affairs, much work remains to be done. "Extending the exclusivity periods is critical and will afford the debtors and their stakeholders time to complete their investigation, engage in further negotiations with their key stakeholders, and consummate the sale transaction and confirm a consensual plan," the companies' attorney said. About Mission Coal Company Mission Coal Company LLC and its subsidiaries are engaged in the mining and production of metallurgical coal, also known as "met" coal, which is a critical component of the steelmaking process. The Company is headquartered in Kingsport, Tennessee and operate subterranean, surface, and longwall mining complexes in West Virginia and Alabama. The Company employs 1,075 individuals on a full-time or part-time basis. Mission Coal and 10 of its subsidiaries filed for bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of Alabama (Birmingham) on Oct. 14, 2018, with Lead Case No. 18-04177. In the petition signed by CRO Kevin Nystrom, Mission Coal estimated assets and liabilities of $100 million to $500 million. Daniel D. Sparks, Esq. and Bill D. Bensinger, Esq. of Christian & Small LLP, as well as James H.M. Sprayregen, P.C., Brad Weiland, Esq., and Melissa N. Koss, Esq., of Kirkland & Ellis LLP and Kirkland & Ellis International LLP, serve as counsel to the Debtors. The Debtors also tapped Jefferies LLC as investment banker, Zolfo Cooper LLC as financial advisor, and Omni Management Group as notice and claims agent. On Oct. 25, 2018, the Bankruptcy Administrator for the Northern District of Alabama appointed the Official Committee of Unsecured Creditors. The Committee retained Lowenstein Sandler LLP, as counsel; Baker Donelson Bearman Caldwell & Berkowitz, PC, as local counsel; and Berkeley Research Group, LLC, as financial advisor. MULTIFLORA GREENHOUSES: Administrator Seeks Examiner, Trustee ------------------------------------------------------------- The United States Bankruptcy Administrator, William P. Miller, requested the U.S. Bankruptcy Court for the Middle District of North Carolina to appoint an examiner or a Chapter 11 trustee for Austram, LLC, or convert the Chapter 11 case to Chapter 7, or in the alternative, dismiss the case. According to Mr. Miller, cause exists for the appointment of an examiner, Chapter 11 Trustee, or conversion of the case to Chapter 7 or, in the alternative, dismissal of the case for gross mismanagement of the estate, failure to timely file its December monthly report, or other cause. Mr. Miller believes that an examiner could investigate the true financial condition of the debtor, the desirability of the continuation of the business, and recommend the filing of a plan or the conversion of the case, all pursuant to 11 U.S.C. 1106. As discussed in the request, the Debtor has not filed its monthly report for the month of December and has not demonstrated a capacity to operate the financial side of its business in an acceptable manner. Hence, Mr. Miller assures that it is in the best interest of the creditors, the debtor and the estate, that an independent and disinterested person take over the Debtor’s bookkeeping, and maintain the income, disbursement and bank records. About Multiflora Greenhouses and Austram LLC Multiflora Greenhouses, Inc. -- http://www.multifloragreenhouses.com/-- is a greenhouse grower and wholesaler based in Hillsborough, North Carolina. It grows and distributes hundreds of plant varieties as well as offers other products and services. Austram, LLC, manufactures clay products and refractories. Multiflora and Austram sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case Nos. 18-80691 and 18-80693) on Sept. 24, 2018. In the petitions signed by Richard Mason, president, Multiflora estimated assets of $1 million to $10 million and liabilities of $1 million to $10 million. Austram disclosed less than $50,000 in assets and liabilities. Judge Benjamin A. Kahn oversees the case. The Debtors tapped Parry Tyndall White as their legal counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 cases. MUSCLEPHARM CORP: Stockholders Elect Four Directors --------------------------------------------------- The 2018 Annual Meeting of Stockholders of MusclePharm Corporation was held on Dec. 7, 2018. A total of 10,305,700 shares of the Company's common stock were present at the meeting in person or by proxy, which represented 67% of the shares entitled to vote, and which constituted a quorum for the transaction of business. At the Annual Meeting, the Company's stockholders elected Ryan Drexler, John J. Desmond, William J. Bush, and Brian Casutto to serve as directors of the Company until the next annual meeting of stockholders and until their respective successors have been elected and qualified, or until their earlier resignation, removal or death. The ratification of Plante & Moran, PLLC as the Company's independent registered public accounting firm for the fiscal year ended Dec. 31, 2018 was approved. On a non-binding, advisory basis, the compensation paid to the Company's named executive officers, was approved. About MusclePharm Headquartered in Denver, Colorado, MusclePharm Corporation (OTCQB:MSLP) -- http://www.musclepharm.com/and http://www.musclepharmcorp.com/-- develops, manufactures, markets and distributes branded nutritional supplements. Its portfolio of recognized brands includes MusclePharm Sport Series, Essential Series and FitMiss, as well as Natural Series, which was launched in 2017. These products are available in more than 100 countries worldwide. MusclePharm is an innovator in the sports nutrition industry with clinically proven supplements that are developed through a six-stage research process utilizing the expertise of leading nutritional scientists, physicians and universities. MusclePharm incurred a net loss of $10.97 million in 2017 compared to a net loss of $3.47 million in 2016. As of Sept. 30, 2018, the Company had $28.34 million in total assets, $45.82 million in total liabilities, and a total stockholders' deficit of $17.47 million. N.Y. DIMPLE TAXI: Case Summary & 2 Unsecured Creditors ------------------------------------------------------ Debtor: N.Y. Dimple Taxi, Inc. 464 Neptune Avenue, Suite # 23E Brooklyn, NY 11224 Business Description: N.Y. Dimple Taxi, Inc. is a privately held company in the taxi and limousine service industry. The Company owns two taxi medallions valued at $370,000. N.Y. Dimple Taxi previously sought bankruptcy protection on April 10, 2018 (Bankr. E.D.N.Y. Case No. 18-41989). Chapter 11 Petition Date: January 24, 2019 Court: United States Bankruptcy Court Eastern District of New York (Brooklyn) Case No.: 19-40425 Judge: Hon. Carla E. Craig Debtor's Counsel: Alla Kachan, Esq. LAW OFFICES OF ALLA KACHAN, P.C. 3099 Coney Island Avenue, 3rd Floor Brooklyn, NY 11235 Tel: (718) 513-3145 Fax: (347) 342-3156 E-mail: alla@kachanlaw.com Total Assets: $370,425 Total Liabilities: $1,140,000 The petition was signed by Michael Sapoznik, president. A full-text copy of the petition containing, among other items, a list of the Debtor's two unsecured creditors is available for free at: http://bankrupt.com/misc/nyeb19-40425.pdf NATIONAL MENTOR: Moody's Assigns B2 CFR, Outlook Stable ------------------------------------------------------- Moody's Investors Service assigned a B2 Corporate Family Rating and B2-PD Probability of Default Rating to National MENTOR Holdings, Inc. (New). The rating agency also assigned B1 ratings to the senior secured first lien credit facilities. The outlook is stable. Proceeds from the new credit facilities will be used in conjunction with a senior secured second lien term loan (unrated) and equity to complete the LBO of National Mentor by private equity firm Centerbridge Partners LP. Ratings assigned: National MENTOR Holdings, Inc. (New) Corporate Family Rating at B2 Probability of Default Rating at B2-PD Gtd senior secured revolving credit facility expiring 2024 at B1 (LGD 3) Gtd senior secured first lien term loan due 2026 at B1 (LGD 3) The rating outlook is stable. Ratings that will be withdrawn upon transaction close: National MENTOR Holdings, Inc. Corporate Family Rating at B1 RUR-Down Probability of Default at B1-PD RUR-Down Senior secured revolving credit facility at B1 (LGD 3) RUR-Down Senior secured term loan at B1 (LGD 3) RUR-Down Speculative Grade Liquidity Rating at SGL-2 RATINGS RATIONALE National Mentor's B2 CFR reflects the company's high business risk given its reliance on government payors and exposure to state budgets. Rising labor costs, moderately high geographic concentration, and an aggressive expansion strategy that includes both new facility openings and acquisitions also constrain the credit. Further, Moody's expects the company to operate with high financial leverage over the next 12-18 months. However, Moody's recognizes the company's position as one of the leading providers of residential services to individuals with intellectual and developmental disabilities (I/DD) and catastrophic injuries. Industry trends are moving towards placing I/DD individuals in smaller, lower-cost community settings (such as those operated by National Mentor) instead of large state operated institutions. Moody's expects National Mentor to generate positive free cash flow of roughly $40-60 million annually. The stable rating outlook reflects Moody's expectation that the company will continue to operate with high financial leverage and remain very reliant on government funding over the next 12-18 months. The ratings could be downgraded if Moody's expects growing state budgetary pressures or rising labor costs to weaken National Mentor's operating performance. A downgrade could also result in the event of large debt-funded acquisitions or dividends, or if debt to EBITDA is sustained above 6.0 times. The ratings could be upgraded if National Mentor continues to effectively manage its growth while maintaining its position as one of the largest providers of residential services to people who suffer from either individual/developmental disabilities or acquired brain and other catastrophic injuries. An upgrade could also result if the company's debt to EBITDA is sustained below 5.0 times. The principal methodology used in these ratings was Business and Consumer Service industry published in October 2016. NORTHERN OIL: Tailwater Beneficially Owns 5.6% Stake as of Dec. 31 ------------------------------------------------------------------ In a Schedule 13G/A filed with the Securities and Exchange Commission, these entities and individuals reported beneficial ownership of shares of common stock of Northern Oil & Gas, Inc. as of Dec. 31, 2018: Shares Percentage Beneficially of Outstanding Reporting Person Owned Shares ---------------- ------------ -------------- Pivotal Williston Basin, LP 4,895,154 1.3% Pivotal Williston GP, LLC 4,895,154 1.3% Pivotal Petroleum Partners LP 4,895,154 1.3% TW PPP GP, LLC 4,895,154 1.3% Tailwater E&P Opportunity Fund LP 4,895,154 1.3% TW GP E&P Fund, LP 4,895,154 1.3% TW GP E&P Fund GP, LLC 4,895,154 1.3% Tailwater Capital LLC 21,258,954 5.6% Jason H. Downie 21,258,954 5.6% Edward Herring 21,258,954 5.6% The percentage is based upon 378,340,261 shares of the Issuer's Common Stock issued and outstanding as of Dec. 10, 2018, as set forth in the Issuer's Amendment No. 1 to Registration Statement on Form S-3 (No. 333-227945) filed with the SEC on Dec. 12, 2018. Pivotal Williston Basin, LP is the record holder of 4,895,154 shares of common stock, par value $0.0001 per share of Northern Oil & Gas, Inc. Tailwater Capital LLC directly owns 100% of the equity interests in TW GP E&P Fund GP, LLC. TW E&P Fund GP of GP is the sole general partner of TW GP E&P Fund, LP. TW E&P Fund GP is the sole general partner of Tailwater E&P Opportunity Fund LP. TW E&P Fund directly owns 100% of the equity interests in TW PPP GP, LLC. TW PPP GP is the sole general partner of Pivotal Petroleum Partners LP. Pivotal directly owns 100% of the equity interests in Pivotal Williston GP, LLC. Pivotal Williston GP is the sole general partner of Pivotal Williston. Jason H. Downie and Edward Herring are the managing members of Tailwater. Therefore, Pivotal Williston, Pivotal Williston GP, Pivotal, TW PPP GP, TW E&P Fund, TW E&P Fund GP, TW E&P Fund GP of GP, Tailwater, Downie and Herring may be deemed to share the right to direct the disposition of and may be deemed to share the power to vote or to direct the vote of the 4,895,154 shares of Common Stock held of record by Pivotal Williston. Pivotal Williston Basin II, LP is the record holder of 16,363,800 shares of Common Stock, as reported in the Schedule 13G filed by Pivotal Williston II with the SEC on Jan. 24, 2019. As a result of the relationship with Pivotal Williston II, Tailwater, Downie and Herring may be deemed to beneficially own the 16,363,800 shares of Common Stock held of record by Pivotal Williston II. A full-text copy of the regulatory filing is available for free at https://is.gd/aIeBog About Northern Oil Minnetonka, Minnesota-based Northern Oil and Gas, Inc. -- http://www.NorthernOil.com/-- is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company's common stock trades on the NYSE American market under the symbol "NOG". Northern Oil reported a net loss of $9.19 million in 2017, a net loss of $293.5 million in 2016, and a net loss of $975.4 million in 2015. As of Sept. 30, 2018, the Company had $1.06 billion in total assets, $1.05 billion in total liabilities and $11.20 million in total stockholders' equity. OAKLAND PARK: Seeks to Hire Florida Bankruptcy as Attorney ---------------------------------------------------------- Oakland Park Inn, Inc., seeks authority from the U.S. Bankruptcy Court for the Southern District of Florida to employ Florida Bankruptcy Group, LLC, as Attorney to the Debtor. Oakland Park requires Florida Bankruptcy to: a. give advice to the Debtor with respect to its powers and duties as a debtor in possession and the continued management of its business operations; b. advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; c. prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; d. protect the interest of the debtor in all matters pending before the court; and e. represent the debtor in negotiation with its creditors in the preparation of a plan. Florida Bankruptcy will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Kevin C. Gleason, partner of Florida Bankruptcy Group, LLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Florida Bankruptcy can be reached at: Kevin C. Gleason, Esq. FLORIDA BANKRUPTCY GROUP, LLC 4121 N. 31 Ave. Hollywood, FL 33021 Tel: (954) 893-7670 E-mail: kgpaecmf@aol.com E-mail: bankruptcylawyer@aol.com About Oakland Park Inn Oakland Park Inn Inc. -- http://ramadaoaklandparkinn.com/-- owns and operates the Ramada Oakland Park Inn located at 3001 N. Federal Hwy., Fort Lauderdale 33306. The Ramada branded hotel features outdoor heated pool, business center, fitness center, tiki bar, and restaurant. Oakland Park Inn, Inc., based in Fort Lauderdale, FL, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 19-10620) on Jan. 16, 2019. In the petition signed by Walter W. Johnson, Jr., authorized representative, the Debtor disclosed $7,118 in assets and $3,187,752 in liabilities. The Hon. John K. Olson oversees the case. Kevin C. Gleason, Esq., at Florida Bankruptcy Group, LLC, serves as bankruptcy counsel. OPTICAL HOLDINGS: Seeks to Extend Exclusivity Period to March 24 ---------------------------------------------------------------- Optical Holdings of Puerto Rico, LLC and OHI of Puerto Rico, LLC asked the U.S. Bankruptcy Court for the District of New Jersey to extend the period during which they have the exclusive right to file a Chapter 11 plan through March 24, and to solicit acceptances for the plan through May 23. The companies' current exclusive filing period expired on Jan. 23 and the company has to solicit votes for its reorganization plan by March 24. Since their bankruptcy filing, the companies have made progress to reorganize their business affairs and have already started negotiations for the sale of their business, according to their attorney Alan Brody, Esq., at Greenberg Traurig, LLP, in Florham Park, New Jersey. "The additional time requested will allow them to engage in discussions with various parties in interest in an effort to ensure that any plan will hopefully be consensual so that this case can proceed to an expeditious conclusion," Mr. Brody said. About Optical Holdings of Puerto Rico Optical Holdings of Puerto Rico, LLC, owns health and personal care stores. OHI of Puerto Rico, LLC is an eyewear supplier in Springfield, New Jersey. Optical Holdings and OHI sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case Nos. 18-29070 and 18-29071) on Sept. 25, 2018. At the time of the filing, Optical Holdings estimated assets of less than $50,000 and liabilities of $1 million to $10 million. OHI estimated assets of less than $1 million and liabilities of $1 million to $10 million. Judge Stacey L. Meisel presides over the cases. The Debtors tapped Greenberg Traurig LLP as their legal counsel. PACHANGA INC: Exclusivity Period Extended Until April 12 -------------------------------------------------------- Judge Michael Wiles of the U.S. Bankruptcy Court for the Southern District of New York issued an order giving Pachanga, Inc. 90 more days to file its plan for emerging from Chapter 11 protection. The bankruptcy judge granted the company's request to extend the period during which it has the exclusive right to file a plan through April 12. The company can solicit acceptances for the plan through June 11. About Pachanga Inc. Pachanga, Inc., which conducts business under the name FIKA -- https://www.fikanyc.com/ -- is a Manhattan-based coffee chain heavily inspired by Swedish heritage and flavors with an innovative and modern twist. The company opened its doors to its very first location at Central Park South, on Manhattan's 58th street in September of 2006. Pachanga and certain of its affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 18-12767) on Sept. 14, 2018. In the petitions signed by Lars Akerlund, president, the Debtors disclosed $526,539 in assets and $13,329,636 in debt. The cases have been assigned to Judge Michael E. Wiles. The Debtors tapped Rubin LLC as their bankruptcy counsel, and SSG Advisors, LLC as their investment banker. PACIFIC DRILLING: Seeks to Hire Wildgen as Special Counsel ---------------------------------------------------------- Pacific Drilling S.A., and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Southern District of New York to employ Wildgen S.A., as special counsel to the Debtor. Pacific Drilling requires Wildgen to: a. assist in the re-creation of the authorized capital, the reverse stock split, the contribution in kind of the outstanding debt, to equity of Pacific Drilling S.A., equity subscription rights contractual arrangements enabling the capital increase and the creditors becoming shareholders of Pacific Drilling S.A. in accordance with the reorganization plan; b. assist in the issuance of 8.375% first lien noted due 2023, 11.000% /12.000% second lien pik notes, the releases of the existing collateral and entry into by Pacific Drilling S.A. and its Luxembourg subsidiaries into new collateral to secure the aforementioned notes; c. assist in the cross-border merger by absorption of Pacific Drilling First Lien Escrow Issuer Limited and Pacific Drilling Second Lien Escrow Issuer Limited; d. assist in the amendments to the articles of association of Pacific Drilling S.A. in accordance with the corporate governance of the creditors (i.e. new shareholders of Pacific Drilling S.A.), the change of the composition of the board and special reserve matters falling under the competence of the B class directors; e. assist in the waivers and the contributions in kind down the chain through the subsidiaries of Pacific Drilling S.A. of the intercompany debt enabling the latter to repay the banking debts. Wildgen will be paid at these hourly rates: Partners $580 Directors $544 Senior Associates $444 to $512 Associates $409 Junior Associates $170 to $273 Wildgen will also be reimbursed for reasonable out-of-pocket expenses incurred. In accordance with Appendix B-Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the following is provided in response to the request for additional information: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and the reasons for the difference. Response: Not applicable. Question: Has your client approved your prospective budget and staffing plan, and, if so for what budget period? Response: During the 12 month period prior to the petition, Wildgen's billing rates and material financial terms have not changed, other than the periodic adjustment (in January of each year) to reflect economic and other conditions. The hourly rates for some individuals at Wildgen may have changed — within our standard hourly rates scheme — to reflect their promotion (in July of each year) to a more senior position from time to time. Samia Rabia, partner of Wildgen S.A., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Wildgen can be reached at: Samia Rabia, Esq. WILDGEN S.A. 69 Boulevard de la Petrusse L-2320 Luxembourg Luxembourg Tel: (352) 40 49 601 E-mail: Luxembourg@wildgen.lu About Pacific Drilling Pacific Drilling S.A. (OTC: PACDQ) a Luxembourg public limited liability company (societe anonyme), operates an international offshore drilling business that specializes in ultra-deepwater and complex well construction services. Pacific Drilling -- http://www.pacificdrilling.com/-- owns seven high-specification floating rigs: the Pacific Bora, the Pacific Mistral, the Pacific Scirocco, the Pacific Santa Ana, the Pacific Khamsin, the Pacific Sharav and the Pacific Meltem. All drillships are of the latest generations, delivered between 2010 and 2014, with a combined historical acquisition cost exceeding $5.0 billion. The average useful life of a drillship exceeds 25 years. On Nov. 12, 2017, Pacific Drilling S.A. and 21 affiliates each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-13193). The cases are pending before the Honorable Michael E. Wiles and are jointly administered. Pacific Drilling disclosed $5.46 billion in assets and $3.18 billion in liabilities as of Sept. 30, 2017. The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel but was later replaced by Togut, Segal & Segal LLP; Evercore Partners International LLP as investment banker; AlixPartners, LLP, as restructuring advisor; Alvarez & Marsal Taxand, LLC as executive compensation and benefits consultant; Ince & Co LLP and Jones Walker LLP as special counsel; and Prime Clerk LLC as claims and noticing agent; Deloitte Financial Advisory Services LLP, as accounting advisor to the Debtor. Wildgen S.A., as special counsel. The RCF Agent tapped Shearman & Sterling LLP, as counsel, and PJT Partners LP, as financial advisor. The ad hoc group of RCF Lenders engaged White & Case LLP, as counsel. The SSCF Agent tapped Milbank Tweed, Hadley & McCloy LLP, as counsel, and Moelis & Company LLC, as financial advisor. The Ad Hoc Group of Various Holders of the Ship Group C Debt, 2020 Notes and Term Loan B tapped Paul, Weiss, Rifkind, Wharton & Garrison, in New York as counsel. PALOMAR HEALTH: Moody's Affirms Ba1 Rating on $609MM Debt --------------------------------------------------------- Moody's Investors Service has affirmed Palomar Health, CA's (PH) Ba1 revenue bond rating, affecting $609 million of rated debt. The outlook is stable. Moody's also rates $630 million of PH's general obligation bonds, which currently have a rating of A2. The general obligation bonds are secured by the district's voter-approved unlimited property tax pledge and general obligation bondholders do not have any recourse to the hospital for payments under the bonds. Tax revenues, payments, and principal related to the general obligation bonds have been excluded from this analysis. RATINGS RATIONALE The affirmation of the Ba1 revenue bond rating reflects its expectation that Palomar Health will continue to benefit from certain fundamental strengths, including its large size, leading market position, comprehensive array of clinical offerings, and generally favorable service area. Challenges include: very high leverage (despite recent improvements); modest liquidity; modest overall performance in fiscal 2018; higher than budgeted losses at the medical foundation; and thin headroom to one of its covenants. RATING OUTLOOK The stable outlook reflects the expectation that results in 2019 will show improvement, and that overall measures will improve over time. FACTORS THAT COULD LEAD TO AN UPGRADE - Significantly improved liquidity, debt measures, and operating performance FACTORS THAT COULD LEAD TO A DOWNGRADE - Inability to achieve budgeted results in fiscal 2019 - Decline of liquidity - Issuance of additional debt LEGAL SECURITY Revenue bonds are secured by a pledge of gross revenues of the system and are backed by a fully funded debt service reserve fund. PROFILE Palomar Health is the largest public health care district in the State of California, with over $800 million of revenues in fiscal 2018, and generating over 28,000 admissions. The district operates in-patient facilities in the towns of Escondido and Poway, and captures 50% market share within the district. Palomar Health was formerly known as Palomar Pomerado Health and changed its name per board resolution in May 2012. PAYLESS INC: Moody's Lowers CFR to Ca & Alters Outlook to Negative ------------------------------------------------------------------ Moody's Investors Service downgraded its ratings for Payless Inc. (New) including the company's Corporate Family Rating (CFR, to Ca from Caa1) and Probability of Default Rating (PDR, to Ca-PD from Caa1-PD). Moody's concurrently downgraded the rating for the company's $80 million A-1 senior secured term loan due 2022 to Ca from Caa1 (first-out relative to the A-2 term loan) and the rating on its $200 million A-2 senior secured term loan due 2022 to C from Caa2. The ratings outlook has been changed to negative from stable. "Payless' profitability and liquidity continue to meaningfully deteriorate despite a recent return to positive same store comps, and the risk of a requisite financial restructuring over the next 12 to 18 months is high owing to what we believe is an untenable capital structure barring a significant turnaround in operating performance and cash flow generation," said Brian Silver, Moody's lead analyst for the company. "Payless' return to positive comps was in part the result of an improved inventory position relative to the year ago period when the company was emerging from bankruptcy, but also resulted from the company's deliberate strategy to engage in highly promotional pricing, which drove sales but weakened merchandising margins considerably year-over-year, ultimately resulting in negative EBITDA in Payless' most recent quarter," Silver continued. The following ratings have been downgraded for Payless Inc. (New): Probability of Default Rating, Downgraded to Ca-PD from Caa1-PD Corporate Family Rating, Downgraded to Ca from Caa1 $80 Million Senior Secured Tranche A-1 Term Loan due 2022, Downgraded to Ca (LGD4) from Caa1 (LGD3) $200 Million Senior Secured Tranche A-2 Term Loan due 2022, Downgraded to C (LGD5) from Caa2 (LGD4) Outlook Actions: Issuer: Payless Inc. (New) Outlook, Changed To Negative From Stable RATINGS RATIONALE Payless Inc. (New)'s Ca Corporate Family Rating and negative outlook broadly reflects its very weak liquidity profile and high potential for a debt restructuring and/or bankruptcy filing over the next 12-18 months barring a significant profitability improvement. Moody's further expects the company's topline growth, cash flow generation, and credit metrics will continue to deteriorate, unless the company's promotional pricing strategy elicits significant near-term volume growth that is able to more than offset the negative impact to EBITDA from deteriorating merchandising margin. Payless is also experiencing some challenges in its Latin American stores resulting from economic weakness in the region, and has a limited track record of operating improvement since emerging from bankruptcy in August 2017. However, the company's credit profile benefits from lower debt levels and expenses post-bankruptcy, including a reduction in annual interest expense, lower operating expenses from store closures, work force reductions, and negotiated rent savings on its remaining store base. Moody's also expects year-over-year same store sales comps in North America will remain positive for the next few quarters, in part owing to relatively weak year-over-year comps, but also its better inventory position. Payless also benefits from its meaningful scale, international presence, and share of the value oriented footwear market (sub-$30 price point). The negative outlook reflects Moody's view that the company may enter into another requisite debt restructuring over the next 12-18 months and that the recovery for debt holders could be well below average. A ratings upgrade would require the company to improve its operating trends evidenced in part by revenue, profitability and cash flow growth, and improve its liquidity significantly, which would be evidenced by reduced reliance on the ABL facility. The ratings could be downgraded if company enters into a debt restructuring and/or files for bankruptcy. The principal methodology used in these ratings was Retail Industry published in May 2018. Headquartered in Topeka, Kansas, Payless Inc. (New) is a specialty retailer that operates nearly 3,500 family footwear stores in over 40 countries. The company emerged from bankruptcy in August 2017 and is now owned and controlled by prior lenders, which includes private equity owners and hedge funds. The company is private and does not publicly disclose its financials. Payless generated annual net sales of roughly $1.7 billion. PBF HOLDING: Moody's Alters Outlook on Ba3 CFR to Positive ---------------------------------------------------------- Moody's Investors Service changed PBF Holding Company LLC's outlook to positive from stable. Moody's also affirmed its Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating and SGL-3 short term liquidity rating. At the same time, Moody's affirmed PBF Logistics LP's B1 CFR, B1-PD Probability of Default Rating and SGL-2 short term liquidity rating. PBFX's outlook remains stable. Affirmations: Issuer: PBF Holding Company LLC Probability of Default Rating, Affirmed Ba3-PD Speculative Grade Liquidity Rating, Affirmed SGL-3 Corporate Family Rating, Affirmed Ba3 Senior Secured Notes, Affirmed B1 (LGD5) Senior Unsecured Notes, Affirmed B1 (LGD5) Issuer: PBF Logistics LP Probability of Default Rating, Affirmed B1-PD Speculative Grade Liquidity Rating, Affirmed SGL-2 Corporate Family Rating, Affirmed B1 Senior Unsecured Notes, Affirmed B2 (LGD5) Outlook Actions: Issuer: PBF Holding Company LLC Outlook, Changed To Positive From Stable Issuer: PBF Logistics LP Outlook, Remains Stable RATINGS RATIONALE The change of PBF's rating outlook to positive reflects expected on-going improvement in the company's operating performance, backed by investment to improve the reliability of assets, that should lead to improved cash flow generation. PBF manages an elevated debt level accumulated as a result of acquisitions. Shareholder distributions, together with sizable working capital movements driven by volatile oil prices, as well as sizable capital spending, will limit debt reduction opportunities in the near term. Moody's therefore expects deleveraging to be driven by organic improvement in operating cash flows. The Ba3 CFR is supported by the significant size of its operations and relatively high complexity of PBF's refineries. PBF's ratings may be upgraded if the company demonstrates improved profitability and cash flow generation and balanced distributions to shareholders, such that it is able to maintain a consistently neutral FCF position and RCF/debt above 25%. Weaker operating performance or increased distributions to shareholders, leading to RCF/debt declining below 15%, as well as weaker liquidity, including as a result of larger working capital outflows or one-off events, such as a termination of the inventory intermediation agreements, may lead to the downgrade of PBF's Ba3 ratings. PBF maintains adequate liquidity reflected in its SGL-3 short term liquidity rating. This assessment is materially supported by the expectation that the company will continue to have good access to credit from its trading partners. As with any refining business, PBF relies on external liquidity sources to fund its sizable working capital requirements. PBF needs to finance a significant inventory of crude oil, intermediaries and refined products. Moody's expects PBF's working capital requirements will rise in 2019, as the company plans to implement three turnaround programs. As of September 2018, PBF reported $1 billion in balance sheet cash and had $2.2 billion available under its ABL facility. The revolver due May 2023 has a total commitment of $3.4 billion, but the borrowing base was estimated by the company to be around $3.2 billion at the end of september 2018, which is the amount that governs the maximum utilization of the facility. The ABL credit facility has a single financial maintenance covenant, a minimum fixed charge coverage ratio of 1x, applicable only when availability drops under certain levels. PBF and its two refining subsidiaries Delaware City Refining and Paulsboro Refining, also use two inventory intermediation facilities with J.Aron. The facilities mature in the second half of 2019 and the company has an option to extend the maturity to 2020. Under the terms of the facility, J.Aron purchases hydrocarbon inventory from PBF and its refining subsidiaries. When PBF sells the inventory, J.Aron sells it back to the refineries. At the end of September 2018, PBF reported that the value of inventory funded by the facilities stood at $339 million. The facilities help PBF to fund working capital requirements of the two refineries representing around 40% of the company's capacity. However, it can also create a sizable cash call if PBF is required to purchase all the inventory from J.Aron or replace this financing facility upon a termination. PBF Logistics is strategically and operationally important to PBF Energy Company LLC (PBF Energy, unrated), as the master limited partnership (MLP) provides PBF with critical infrastructure and a coordinated growth strategy. On a standalone basis, PBFX's credit profile is more consistent with a B2 CFR, with stable cash flows 93% covered by long-term, fee-based contracts with minimum volume commitments, and a solid growth trajectory underpinned by PBF. PBFX is restrained by its small scale of operations with limited third-party revenues, short track record as an MLP, and high distributions associated with its MLP structure. Absent new acquisitions, Moody's expects PBFX to maintain a solid leverage profile and good EBITDA growth momentum in 2019, with debt/EBITDA less than 4x and a distribution coverage ratio of 1.4x. The stable outlook on PBFX's ratings reflects the expectation the company will continue to grow and will maintain its solid leverage profile. An upgrade of PBFX's rating will require the company to increase its size and scale, with EBITDA exceeding $200 million and Net Assets (Property, Plant & Equipment) exceeding $500 million on a sustained basis, and to maintain solid leverage profile with debt/EBITDA below 4x and coverage in excess of 1.1x, as well as good liquidity. PBFX's ratings may be downgraded if the company pursues significant acquisitions or shareholder distributions, funded by debt leading to increase in leverage, with debt / EBITDA above 5x. A downgrade of PBF's ratings could pressure PBFX's ratings. PBFX's SGL-2 liquidity rating reflects its expectation of good liquidity. The liquidity profile is hampered by its high distribution payouts under the MLP structure. As of September 30, 2018, PBFX had $18 million in cash and $445 million of availability under its $500 million revolving credit facility. The revolving credit facility matures in July 2023 and is secured by substantially all of PBFX's assets and includes covenants of maximum total leverage of 4.5x, maximum secured leverage of 3.5x and minimum interest coverage of 2.5x. Moody's projects the company will be in compliance with these covenants for the next 12 months. Funding of future drop-downs will require equity and debt capital market access to ensure covenant compliance. Moody's believes that the company will need to continue financing its acquisitions with a commensurate portion of equity. The principal methodology used in rating PBF Logistics LP was Midstream Energy published in December 2018. The principal methodology used in rating PBF Holding Company LLC was Refining and Marketing Industry published in November 2016. PEPPERELL MILLS: Amends Treatment of Bank Five, FROED Claims ------------------------------------------------------------ Pepperell Mills Limited Partnership and Merrow Sewing Machine Company filed a third amended plan of reorganization and accompanying third amended disclosure statement. Class 2 - Fall River Five Cents Savings Bank. The Bank Five claim is impaired as wholly unsecured under this Plan. The holder of the Class 2 unsecured claim shall be entitled to vote to accept or reject this Plan. The vote of the Class 2 claimant will be tabulated with the Class 5 claimants. In full and complete satisfaction, release and discharge of the BankFive Class 2 claim, BankFive's claim shall be treated in accordance with the treatment of the Class 5 claims. Class 3 - Fall River Office of Economic Development (FROED). The FROED claim is impaired as wholly unsecured under this Plan. The vote of the Class 3 claimant will be tabulated with the Class 5 claimants. In full and complete satisfaction, release and discharge of the FROED Class 3 claim, FROED's claim shall be treated in accordance with the treatment of the Class 5 claims. Class 5 - General Unsecured Claims. Class 5 is impaired under the Plan. Each holder of an Allowed General Unsecured Claim shall be entitled to vote to accept or reject the Plan. In full and complete satisfaction, settlement, release and discharge, each holder of an Allowed General Unsecured Claim shall receive, commencing upon the later to occur of the Effective Date or the date such Claim becomes an Allowed Claim, one of the following: (i) a Pro Rata share of the Plan Fund; or (ii) treatment as agreed between the Debtor or the Reorganized Debtor and the holder of the Allowed General Unsecured Claim. Class 6 - Equity Interests. Class 6 is impaired under the Plan and shall be entitled to vote to accept or reject the Plan. On the Effective Date, the Equity Interests the Debtor shall be cancelled. As of the Petition Date, the Property was subject to liens held, in order of seniority, by the City of Fall River, MDFA, Bank Five and the FROED. Because the combined amount owed to the City of Fall River and MDFA (an aggregate of approximately $3,500,000) is far in excess of the estimated value of the Property, the claims held by Bank Five and the Fall River Office of Economic Development are wholly under-secured. The Plan proposes pursuant to 11 U.S.C. Sections 1123(a)(5) D, E, & F and (b) (4) to transfer the Property, free and clear of liens, claims and interests, to Merrow, and this includes the liens and claims of Bank Five and the Fall River Office of Economic Development, now known as Fall River Redevelopment Authority. FROED is not a government authority that is a part of the City of Fall River and is a separate independent entity. The Fall River Redevelopment Authority is an independent public authority established pursuant to Massachusetts General Law Ch.121B. While it is not a city department, its mission includes development and implementation of urban redevelopment and renewal programs and policies to support the city’s economic development and enhance the quality of life for its residents. The Debtor and MDFA have agreed to the continued use of cash collateral through January 31, 2019. Throughout this chapter 11, the Debtor has had discussions with various parties regarding the sale of the real property. The Debtor had two interested parties in the property, including joint plan proponent, Merrow. Prior to filing the initial Disclosure Statement and Plan, neither interested party was willing to pay more than $1.8 million for the property. A short time prior to filing the amended Plan and Disclosure Statement, the Debtor received a purchase and sale agreement from Potter Printing Realty, Inc., with no deposit and contingencies, offering to purchase the Property for $2,100,000. Since that time, despite requests from the Debtor and MDFA, Potter has not disclosed the contingencies to its offer and has not provided a commitment letter demonstrating that it has the ability to purchase the Real Property. Potter did provide a $1.575 million "Term Sheet Outline Letter" dated December 10, 2018 (specifically stated that it was not a commitment letter) from a bank. Assuming Potter could obtain financing for $1.575 million, Potter also indicated that it would entail selling other property to fund the $525,000 needed in addition to such financing. Accordingly, the only entity that has demonstrated the ability to purchase the Property is Merrow. In the event that Merrow fails to close on the transfer of the Property, then, provided that Potter can demonstrate the ability to close on the sale of the Property and has waived any contingencies to the sale, the Plan authorizes the Debtor to transfer the Property to Potter for the sum of $2,100,000 including all administrative costs and fees of the Chapter 11 Estate, including all sums owed to the United States Trustee. Upon the request of any creditor of the Debtor, Merrow will provide documentation evidencing its ability to fund the Plan, provided that such creditor agrees to use such documentation solely in conjunction with confirmation of the Plan A redlined version of the Third Amended Disclosure Statement dated January 7, 2019, is available at https://tinyurl.com/ya4tdzg7 from PacerMonitor.com at no charge. About Pepperell Mills Pepperell Mills Limited Partnership, based in Fall River, Massachusetts, filed for Chapter 11 bankruptcy (Bankr. D. Mass. Case No. 18-11804) on May 15, 2018. The Debtor estimated $1 million to $10 million in assets and liabilities. The petition was signed by Christine Laudon, president of Pepperell Mills Associates, general partner. Judge Joan N. Feeney oversees the case. John M. McAuliffe, Esq., at John McAuliffe & Associates, P.C., serves as counsel to the Debtor. PG&E CORP: Cleared of Causing Deadly 2017 Tubbs Fire ---------------------------------------------------- The Tubbs wildfire which burned California and killed 22 people in October 2017 was not ignited by equipment from Pacific Gas & Electric Co. or any other utility provider. The California Department of Forestry and Fire Protection (CAL FIRE) said in a statement Jan. 24, 2019, that after an extensive and thorough investigation, CAL FIRE has determined the Tubbs Fire, which occurred during the October 2017 Fire Siege, was caused by a private electrical system adjacent to a residential structure. CAL FIRE investigators did not identify any violations of state law, Public Resources Code, related to the cause of this fire. The Tubbs Fire in Sonoma County started on the evening of October 8, 2017 and burned a total of 36,807 acres. Destroying 5,636 structures and resulting in 22 civilian fatalities and one firefighter injury. In total, the October 2017 Fire Siege involved more than 170 fires and burned at least 245,000 acres in Northern California. Approximately 11,000 firefighters from 17 states and Australia helped battle the blazes. CAL FIRE investigators are dispatched with the initial attack resources to the wildfires in CAL FIRE jurisdiction and immediately begin working to determine their origin and cause. About PG&E Corporation PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a Fortune 200 energy-based holding company, headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. * * * PG&E Corporation said on Jan. 14, 2019, that it and its wholly owned subsidiary Pacific Gas and Electric Company (the "Utility") currently intend to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about Jan. 29, 2019. Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are serving as the Company's legal counsel, Lazard is serving as its investment banker, and AlixPartners LLP is serving as the restructuring advisor to PG&E. PG&E Corporation and its regulated utility subsidiary, Pacific Gas and Electric Company, said they are facing extraordinary challenges relating to a series of catastrophic wildfires that occurred in Northern California in 2017 and 2018. The utility said it faces an estimated $30 billion in potential liability damages from California's deadliest wildfires of 2017 and 2018. That figure is largely made up of two fires — the 2017 Tubbs Fire, which caused an estimated $15 billion to $17 billion in damages, and November 2018's Camp Fire, which killed 86 people and caused damages estimated at $16 billion or more. PG&E posted total assets of $71.4 billion against $9.5 billion of total current liabilities and $42.2 billion of total non-current liabilities as of Sept. 30, 2018, according to its quarterly report for the three-month period ended Sept. 30. Total current liabilities include $2.8 billion in wildfire-related claims. That figure is up from $561 million as of Dec. 31, 2017. PG&E CORP: Still Filing for Bankruptcy Despite Tubbs Fire Report ---------------------------------------------------------------- PG&E Corp. still intends to move forward with its plan to seek Chapter 11 bankruptcy protection despite being cleared by investigators of causing the 2017 Tubbs fire, which killed 22 people and caused an estimated $17 billion in damages, Axion reports, citing people close to the company. PG&E and its regulated utility subsidiary, Pacific Gas and Electric Company, said mid-January 2019 that they are filing for Chapter 11 bankruptcy as they are facing extraordinary challenges relating to a series of catastrophic wildfires that occurred in Northern California in 2017 and 2018. The utility said it faces an estimated $30 billion in potential liability damages from California's deadliest wildfires of 2017 and 2018. That figure is largely made up of two fires -- the 2017 Tubbs Fire, which caused an estimated $15 billion to $17 billion in damages, and November 2018's Camp Fire, which killed 86 people and caused damages estimated at $16 billion or more. Cal Fire announced Jan. 24, 2019, that "a private electrical system" was to blame, not PG&E, for the Tubbs Fire. Cal Fire had previously found PG&E at fault for 17 other fires in 2017, including the Redwood Fire, which resulted in nine fatalities. Cal Fire has not concluded its investigation into whether PG&E's power lines sparked the 2018 Camp Fire, which killed 86 people, the deadliest fire in state history. Following the Tubbs Fire report, PG&E has not confirmed whether it still plans to file for bankruptcy, but said the investigators' conclusion doesn't erase the company's troubles "Regardless of the announcement, PG&E still faces extensive litigation, significant potential liabilities and a deteriorating financial situation, which was further impaired by the recent credit agency downgrades to below investment grade," said Paul Doherty, PG&E spokesperson, in an emailed statement to GTM. "Resolving the legal liabilities and financial challenges stemming from the 2017 and 2018 wildfires will be enormously complex and will require us to address multiple stakeholder interests, including thousands of wildfire victims and others who have already made claims and likely thousands of others we expect to make claims." BlueMountain Capital Management, which has a 1% equity stake in PG&E, said that the latest report from Cal Fire is "another example of why the company shouldn't be rushing to file for bankruptcy, which would be totally unnecessary and bad for all stakeholders." About PG&E Corporation PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a Fortune 200 energy-based holding company, headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. * * * PG&E Corporation said on Jan. 14, 2019, that it and its wholly owned subsidiary Pacific Gas and Electric Company (the "Utility") currently intend to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about Jan. 29, 2019. Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are serving as the Company's legal counsel, Lazard is serving as its investment banker, and AlixPartners LLP is serving as the restructuring advisor to PG&E. PG&E Corporation and its regulated utility subsidiary, Pacific Gas and Electric Company, said they are facing extraordinary challenges relating to a series of catastrophic wildfires that occurred in Northern California in 2017 and 2018. The utility said it faces an estimated $30 billion in potential liability damages from California's deadliest wildfires of 2017 and 2018. That figure is largely made up of two fires — the 2017 Tubbs Fire, which caused an estimated $15 billion to $17 billion in damages, and November 2018's Camp Fire, which killed 86 people and caused damages estimated at $16 billion or more. PG&E posted total assets of $71.4 billion against $9.5 billion of total current liabilities and $42.2 billion of total non-current liabilities as of Sept. 30, 2018, according to its quarterly report for the three-month period ended Sept. 30. Total current liabilities include $2.8 billion in wildfire-related claims. That figure is up from $561 million as of Dec. 31, 2017. PHILMAR CARE: Committee Seeks to Hire Arent Fox as Counsel ---------------------------------------------------------- The Official Committee of Unsecured Creditors of Philmar Care, LLC, seeks authorization from the U.S. Bankruptcy Court for the Central District of California to retain Arent Fox LLP, as counsel to the Committee. The Committee requires Arent Fox to: (a) assist, advise and represent the Committee in its consultations with the Trustee, and the Debtor where appropriate, relative to the administration of this Case; (b) assist, advise and represent the Committee in analyze the Debtor's assets and liabilities, investigating the extent and validity of liens, and participating in and reviewing any proposed asset sales or dispositions; (c) attend meetings and negotiate with the representatives of the Debtor and the Trustee, the Debtor's insiders, landlord, and secured creditors; (d) assist and advise the Committee in its examination and analysis of the conduct of the Debtor's affairs; (e) assist the Committee in the review, analysis, and negotiation of any plan of liquidation or reorganization that may be filed and assisting the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any plan of liquidation or reorganization; (f) assist the Committee in the review, analysis, and negotiation of any financing or funding agreements; (g) take all necessary actions protecting and preserving the interests of the Committee, including, without limitation, the prosecution of actions on its behalf, negotiations concerning all litigation in which the Debtor or the Estate is involved, and reviewing and analyzing all claims filed against the Estate; (h) prepare on behalf of the Committee all necessary motions, applications, answers, orders, reports, and papers in support of positions taken by the Committee; (i) appear, as appropriate, before the Bankruptcy Court and any other courts in which matters may be heard and protecting the interests of the Committee before said courts; and (j) perform all other necessary legal services in this Case. Arent Fox will be paid at these hourly rates: Partners $585 to $920 Of Counsels $475 to $945 Associates $345 to $625 Paraprofessionals $155 to $335 Arent Fox will also be reimbursed for reasonable out-of-pocket expenses incurred. Aram Ordubegian, a partner at Arent Fox LLP, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and (a) is not creditors, equity security holders or insiders of the Debtors; (b) has not been, within two years before the date of the filing of the Debtors' chapter 11 petition, directors, officers or employees of the Debtors; and (c) does not have an interest materially adverse to the interest of the estate or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the Debtors, or for any other reason. Arent Fox can be reached at: Aram Ordubegian, Esq. Andy S. Kong, Esq. Christopher K.S. Wong, Esq. ARENT FOX LLP 555 West Fifth Street, 48th Floor Los Angeles, CA 90013-1065 Telephone: (213) 629-7400 Facsimile: (213) 629-7401 E-mail: aram.ordubegian@arentfox.com andy.kong@arentfox.com christopher.wong@arentfox.com About Philmar Care Philmar Care, LLC, operates an assisted living facility located at 12260 Foothill Blvd. Sylmar, California. It provides long-term skilled nursing care, other types of care, and social services. Philmar Care sought Chapter 11 protection (Bankr. C.D. Cal. Case No. 18-12966) on Dec. 10, 2018. The Debtor previously filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-20286) on Dec. 7, 2018. In the petition signed by Philip R. Weinberger, managing member, the Debtor estimated $1 million to $10 million in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Martin R. Barash. The Debtor tapped Ashley M. McDow, Esq., at Foley & Lardner LLP, as its legal counsel. The Office of the U.S. Trustee on Jan. 4, 2019, appointed five creditors to serve on the official committee of unsecured creditors in the Chapter 11 case. The Committee retained Arent Fox LLP, as counsel. PRIMARY PROVIDERS: BancorpSouth Prohibits Cash Collateral Use ------------------------------------------------------------- BancorpSouth Bank, formerly doing business as Allman Family Medicine, P.C., requests the U.S. Bankruptcy Court for the Northern District of Alabama to prohibit the Primary Providers Of Alabama Inc.'s use of cash collateral. The Debtor executed a promissory note ("Note 1") to BancorpSouth and a Security Agreement Addendum contemporaneously therewith granting a security interest in all business assets and a first mortgage the property located at 1878 Jeff Road NW #G, Huntsville, AL 35806, and a Commercial Security Agreement that grants a security interest to BancorpSouth in equipment and all business assets. Additionally, the Debtor executed a second promissory note ("Note 2") to BancorpSouth and a Security Agreement Addendum therewith granting a security interest in accounts receivable and a Commercial Security Agreement that grants a security interest to BancorpSouth in equipment and all business assets. On June 1, 2018, the Debtor executed a renewal promissory note ("Note 3") and a Security Agreement Addendum therewith granting a security interest in accounts receivable and a Commercial Security Agreement that grants a security interest to BancorpSouth in equipment and all business assets. At the time the case was filed, the Debtor was indebted to BancorpSouth in the aggregate amount of $68,184 on Note 1 and $349,617 on Note 3. BancorpSouth contends that Note 1 is due for the month of September and October of 2018 prepetition. BancorpSouth claims that no post-petition payments have been by the debtor on Note 2. BancorpSouth asserts that Note 3 matured as of Sept. 14, 2018 and no payments towards the balance have been made postpetition. BancorpSouth claims that its security interest extends to the accounts receivable and any proceeds thereof. BancorpSouth claims the proceeds of the accounts receivable, securing Note 1 and Note 2 constitute cash collateral, as defined by 11 U.S.C.A. Section 363(a), which the Debtor proposes to use and is using in the operation of its business. However, to-date, BancorpSouth has not consented to the use of the Cash Collateral, and the Court has not authorized the use of the same. Accordingly, BancorpSouth asks the Court to prohibit Debtor's use of cash collateral, or in the alternative, the Debtor be required (a) to provide BancorpSouth with adequate protection for the use of cash collateral, and (b) not withdraw from the segregated account any funds other than those used for strict operation of the business or principal and interest payments to BancorpSouth. BancorpSouth further asks that the Debtor (i) segregate and provide an accounting to BancorpSouth for all cash collateral in the Debtor's possession, custody or control; (ii) establish a segregated account either at BancorpSouth or at another financial institution wherein BancorpSouth will be given authority to access and review the account activity immediately at the request of BancorpSouth; and (iii) file an operating report. Alternatively, BancorpSouth asks the Court appoint a trustee to administer the cash collateral on behalf of the Debtor. Attorney for BancorpSouth Bank James C. Cameron, Esq. Jones & Cameron LLC P. O. Box 940 2305 Worth Street Guntersville, AL 35976 About Primary Providers Primary Providers Of Alabama Inc. is a Medical Group that has 2 practice medical offices located in 1 state 2 cities in the USA. There are 6 health care providers, specializing in Family Practice, Nurse Practitioner, being reported as members of the medical group. Medical taxonomies which are covered by Primary Providers Of Alabama Inc include Adult Health, Nurse Practitioner, Women's Health, Family Medicine, Gerontology, Family. Based in Huntsville, Alabama, Primary Providers Of Alabama Inc., filed a voluntary case under Chapter 11 of Title 11, United States Code (Bankr. N.D. Ala. Case No. 18-83207) on Oct. 26, 2018. The owner, Jason Allman, signed the petition. At the time of filing, the Debtor estimated $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. The case is assigned to Judge Clifton R. Jessup Jr. Tazewell Shepard at Sparkman, Shepard & Morris, P.C., is the Debtor's counsel. PROTEROS LLC: Seeks Authorization to Use Cash Collateral --------------------------------------------------------- Proteros LLC seeks authority from the U.S. Bankruptcy Court for the District of Nevada to use Wilshire Finance Partners, Inc.'s cash collateral to protect and maintain the real property collateral, in accordance with the budget The Debtor owns the real property and improvements located at 250 Bell Street, Reno, Nevada, which consists of a newly remodeled office building. The Debtor estimated it will have average monthly operating expenses of $1,998 and total potential additional expenses in the amount of $2,036. The Debtor submits that Wilshire is adequately protected by virtue of the following: (1) there is an equity cushion providing Wilshire ample adequate protection; (2) Wilshire's cash collateral will be used to maintain and protect Wilshire's real property collateral; and (3) the value Wilshire's collateral is not decreasing. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/nvb18-51330-22.pdf About Proteros LLC Proteros LLC filed as a domestic limited liability company in Nevada on Nov. 1, 2005, according to public records filed with Nevada Secretary of State. Proteros sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 18-51330) on Nov. 23, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of the same range. The case is assigned to Judge Bruce T. Beesley. Darby Law Practice, Ltd., is the Debtor's counsel. PUGLIA ENGINEERING: Unsecureds to Get Payments from Three Sources ----------------------------------------------------------------- Puglia Engineering, Inc. filed with the U.S. Bankruptcy Court for the Western District of Washington a disclosure statement in support of its chapter 11 plan. Class 8 under the plan consists of all Unsecured Claims other than (i) Allowed Claims that qualify for or elect treatment under Class 7, or (ii) the Class 6 Claim. Each Class 8 Claim would be allowed or disallowed in such amount as to which the Debtor may agree or the Court may approve, and each holder of a Class 8 Claim would potentially receive payments from three sources: (1) On a monthly basis, and after the full funding of the Professional Fund and the Operating Reserve and continuing through and including the 60th month following the Effective Date, its Pro Rata share of a total monthly distribution to Class 8 in the amount of $10,000 during the months of September - April of each calendar year. (2) On a quarterly basis through the 60th full month following the Effective Date, its Pro Rata share of distributions the Debtor shall make of all funds then on deposit (excepting the minimum amount necessary to maintain the account) in the Excess Income Account. (3) On a periodic basis at the discretion of the Trust Administrator, distributions from the Creditors Trust. In the event that a creditor objects to confirmation of the Plan based upon feasibility, the Debtor will present evidence to support a finding that the Plan is feasible. A copy of the Disclosure Statement is available at https://is.gd/GItRvt from Pacermonitor.com at no charge. About Puglia Engineering Puglia Engineering Inc. -- http://pugliaengineering.com/-- is a ship builder and repairer based in Tacoma, Washington. It is a privately-held company founded in 1991. The company has locations in Tacoma, Washington; Fairhaven, Massachusetts; and Oakland, California. Puglia Engineering sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 18-41324) on April 14, 2018. In the petition signed by Neil Turney, president, the Debtor disclosed $14.26 million in assets and $21.13 million in liabilities. Judge Brian D. Lynch presides over the case. James L. Day, Esq., at Bush Kornfeld LLP, serves as the Debtor's bankruptcy counsel. The Office of the U.S. Trustee for Region 18 appointed an official committee of unsecured creditors on May 3, 2018. The committee retained CKR Law LLP as its legal counsel; DBS Law, as local counsel; McKool Smith, P.C., as special litigation counsel. QUALITY PLYWOOD: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Quality Plywood Specialties, Inc. 13000 Automobile Blvd., Suite 400 Clearwater, FL 33762 Business Description: Quality Plywood Specialties, Inc. is a wholesale distributor of plywood, lumber, veneers, and other fine wood products in Florida. The Company opened its its doors in 1994 serving the cabinetry, woodworking, furniture making, boatbuilding, and sign making industries. It also serves local governments, schools, and hospitals. Chapter 11 Petition Date: January 24, 2019 Court: United States Bankruptcy Court Middle District of Florida (Tampa) Case No.: 19-00609 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 E-mail: Buddy@TampaEsq.com All@tampaesq.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Michael A. Jankowski, president. The Debtor failed to submit a list of its 20 largest unsecured creditors at the time of the filing. A full-text copy of the petition is available for free at: http://bankrupt.com/misc/flmb19-00609.pdf QUANTUM CORP: Armanino Replaces PricewaterhouseCoopers as Auditor ----------------------------------------------------------------- Quantum Corporation has dismissed PricewaterhouseCoopers LLP as its independent registered public accounting firm. The decision to change independent registered public accounting firms was approved by the Audit Committee of the Board and by the Board. PwC has not issued a report on the Company's consolidated financial statements for the fiscal year ended March 31, 2018. PwC's audit report on the Company's consolidated financial statements for the three years ended March 31, 2017, as previously filed, did not contain any adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles. However, the Company's financial statements for the fiscal years ended March 31, 2017, 2016, and 2015, including the related auditor's report, should no longer be relied upon. Additionally, the auditor's report on the effectiveness of the Company's internal control over financial reporting as of March 31, 2017, should no longer be relied upon. During the Company's two most recent fiscal years ended March 31, 2018 and March 31, 2017, and the subsequent interim period through Jan. 21, 2019, there were no disagreements between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to PwC's satisfaction, would have caused PwC to make reference to the subject matter of the disagreement in their reports on the Company's consolidated financial statements. During the Company's two most recent fiscal years ended March 31, 2018 and March 31, 2017, and the subsequent interim period through January 21, 2019, there were no reportable events (as defined by S-K 304(a)(1)(v)), except that: * As disclosed in the Company's Current Report on Form 8-K filed with the SEC on Sept. 14, 2018, the Board concluded that the Company's previously issued financial statements for the Non-Reliance Periods should no longer be relied upon as a result of material misstatements and need to be restated. At the time of PwC's dismissal, the Non-Reliance Periods have not yet been refiled or reissued. * As disclosed in the Company's Current Report on Form 8-K filed with the SEC on Sept. 14, 2018, as a result of the Company's conclusions about the Non-Reliance Periods and the substantial completion of their internal investigation, PwC informed the Company that the scope of their audit and reviews for the Non-Reliance Periods would have to be expanded. At the time of PwC's dismissal, these audit and review procedures had not been completed. * The Company expects to report one or more material weaknesses in internal control over financial reporting related to the matters giving rise to the misstatements and pending restatements and to report that its internal control over financial reporting and its disclosure controls and procedures were not effective as of the Non-Reliance Periods. At the time of PwC's dismissal, the Company and PwC had not concluded on the number or nature of the material weaknesses related to the Company's internal control over financial reporting. * As disclosed in the Company's Current Report on Form 8-K filed with the SEC on Sept. 14, 2018, the Company indicated that substantial doubt existed about its ability to continue as a going concern. At the time of PwC's dismissal, it had not completed its procedures related to its assessment of the Company's ability to continue as a going concern. As disclosed in the Company's Current Report on Form 8-K filed with the SEC on Dec. 28, 2018, the Company refinanced its debt obligations and line of credit, which alleviated the substantial doubt about its ability to continue as a going concern. New Independent Registered Public Accounting Firm On Jan. 21, 2019, the Company engaged Armanino LLP as it its independent registered public accounting firm to audit the Company's consolidated financial statements for the fiscal years ended March 31, 2017, March 31, 2018 and March 31, 2019 and to review all other periods as necessary. To the extent consolidated financial statements for any other periods within the Non-Reliance Period are determined to be necessary, the Company would expect to engage Armanino to audit or review any such periods. During the Company's two most recent fiscal years ended March 31, 2018 and March 31, 2017 and the subsequent interim period through Jan. 21, 2019, neither the Company nor anyone on its behalf consulted with Armanino with respect to: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial statements, and no written or oral advice of Armanino was provided to the Company that was an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issue; or (ii) any matter that was either the subject of a "disagreement" (as defined in Item 304(a)(1)(iv) of Regulation S-K under the Securities Act of 1933, as amended, and the related instructions related thereto), or any "reportable event". The dismissal and appointment reflect the Audit Committee's and Board's belief that this approach is in the best interest of the Company and its shareholders and is the most effective way to complete the restatement of the relevant financial statements within the Non-Reliance Periods and the audits or reviews of the financial statements in the Late Reports in the most timely, efficient and cost-effective manner. About Quantum Corp. Based in San Jose, California, Quantum Corp. (NYSE:QTM) -- http://www.quantum.com/-- is a scale-out tiered storage, archive and data protection company, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. Quantum's end-to-end, tiered storage foundation enables customers to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. As of Sept. 30, 2017, Quantum Corp had $211.2 million in total assets, $335.5 million in total liabilities, and a total stockholders' deficit of $124.3 million. On Jan. 11, 2018, Quantum received a subpoena from the SEC regarding its accounting practices and internal controls related to revenue recognition for transactions commencing April 1, 2016. Following receipt of the SEC subpoena, the Company's audit committee began an independent investigation with the assistance of independent advisors, which is currently in process. REAGOR-DYKES SNYDER: Seeks Approval on $4.75-Mil Loans, Cash Use ---------------------------------------------------------------- Reagor-Dykes Motors, LP, and its debtor-affiliates request the U.S. Bankruptcy Court for the Northern District of Texas for authorization (i) to obtain postpetition financing from Bart Reagor, Rick Dykes, and IBC Bank, and (ii) to use cash collateral. The Debtors conducted a sale process and received sale offers during that process. The Debtors also received a proposal from the McDougal-Dykes-Ewing Group to recapitalize the business and provide a meaningful dividend to creditors. After consultation with Ford Motor Credit, the Debtors determined that the proposal made by the Plan Sponsor was materially better for the creditors than any outright sale offer. As a result, the Court entered an order abating the Sale Motion, pending further order of the Court and the Debtors started work on the Plan. The Debtors filed a Chapter 11 Plan on Jan. 7, 2019. Under said plan, the McDougal-Dykes-Ewing Group ("Plan Sponsor") will provide up to $20 million in equity financing to the reorganized entity. To bridge from Jan. 8, 2018 to the plan confirmation, the Debtors secured a commitment from International Bank of Commerce ("IBC Bank") or the Plan Sponsor to lend up to $4.75 million. The Debtors intend to use said $4.75 million to pay ordinary and necessary operating expenses incurred from Jan. 5, 2019, to plan confirmation, which is projected to be April 1, 2019. IBC Bank will also agree to (a) certain "rent concession" that will benefit the bankruptcy estates and (b) "roll" this debtor-in-possession financing into a post-confirmation obligation of the reorganized debtors. To give the Debtors time to finalize the documentation on the proposed financing with the Plan Sponsor and IBC Bank, and while the Debtors also fight Ford Credit's attempt to shut down the case and the business, Bart Reagor and Rick Dykes have agreed to advance the first $1.0 million to the Debtors on an administrative-expense basis as soon as the financing is approved by the Court. The remaining $3.75 million will be funded by IBC after the $1.0 million is exhausted and as outlined in the term sheet. To get from Jan. 8, 2019 to plan confirmation, the Debtors need financing to operate and to confirm the Plan. Ford Credit has refused use of cash collateral, and the Debtors have been unable to obtain any unsecured credit. Following a great deal of effort and diligence, the Debtors secured a commitment from (a) the Plan Sponsor or Bart Reagor and Rick Dykes, and (b) IBC Bank. Rick Dykes and Bart Reagor are willing to make the emergency $1.0 million loan on an administrative-expense basis to the Debtors so that they could secure the rest of the DIP Facility from IBC Bank. IBC Bank is willing to make loans and other financial accommodations to the Debtors but only in accordance with and on the terms and conditions set forth in the Term Sheet. The DIP Facility provides for an initial $1 million infusion of capital into the Debtors. Upon exhaustion of such $1 million, another $2 million will be infused into the Debtors ("IBC Phase I DIP Facility"), subject to and consistent with weekly budgets approved by IBC Bank and the Term Sheet. IBC Bank will thereafter fund up to an additional $1.75 million ("IBC Phase II DIP Facility"), also subject to and consistent with weekly budgets approved by IBC Bank and consistent with other terms and conditions set forth in the Term Sheet. From and after funding until the Effective Date of the Plan pursuant to the Term Sheet, interest will accrue monthly at 6% fixed per annum and be payable by the Debtors monthly. As outlined in the Motion and in the Term Sheet, the DIP Facility will be secured with (a) super-priority administrative expense claim, (b) liens on property of the estate not already subject to liens other than commercial torts and avoidance actions (provided that such exclusion is only to the extent such claims and actions end up being encumbered pursuant to the Court granting an adequate protection lien in favor of Ford Credit), and (c) a junior lien on encumbered property, all subject to a carve-put for allowed professional fees not to exceed $900,000. The DIP Facility is subject to certain conditions, including Plan confirmation on or before May 1, 2019, granting IBC Bank an allowed unsecured claim for approximately $2.6 million for overdraft liability, a prohibition against any material adverse change, and a prohibition against the granting of any stay-relief motion. A full-text copy of the Cash Collateral Motion is available at http://bankrupt.com/misc/txnb18-50214-804.pdf About Reagor-Dykes Motors Dykes Auto Group -- https://www.reagordykesautogroup.com/ -- is a dealer of automobiles headquartered in Lubbock, Texas. The Company offers new and used vehicles, automobile parts, and other related accessories, as well as car financing, leasing, repair, and maintenance services. Some of its new vehicles include brands like Ford, Toyota, GMC, Cadillac, Chevrolet and Buick. Reagor-Dykes Motors, LP, based in Lubbock, TX, and its debtor-affiliates sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 18-50214) on Aug. 1, 2018. In its petition, the Debtors estimated $10 million to $50 million in both assets and liabilities. The petition was signed by Bart Reagor, managing member of Reagor Auto Mall I, LLC, general manager and Rick Dykes, managing member of Reagor Auto Mall I, LLC, general partner. The Hon. Robert L. Jones oversees the case. Mullin Hoard & Brown, L.L.P., led by David R. Langston, Esq., is serving as bankruptcy counsel to the Debtor. BlackBriar Advisors LLC personnel is serving as CRO for the Debtor. REAL CARE: Hires Mestechkin Law as Special Counsel -------------------------------------------------- Real Care, Inc., seeks authority from the U.S. Bankruptcy Court for the Eastern District of New York to employ Mestechkin Law Group P.C., as special litigation counsel to the Debtor. Real Care requires Mestechkin Law to: a. assist the Debtor in the collection of unpaid receivables invoiced by the Debtor to three of the Debtor's Managed Long Term Care Facilities amounting in the aggregate to $257,209.19; b. seek injunctive relief against the Debtor's competitors and certain former employees which; and c. seeks a full refund of a pre-Petition $10,500 retainer paid to the Debtor's former state court counsel. Mestechkin Law will be paid at the hourly rate of $375. The Debtor owned Mestechkin Law the amount of $73,719.40 for pre-petition services. Mestechkin Law will also be reimbursed for reasonable out-of-pocket expenses incurred. Oleg A. Mestechkin, partner of Mestechkin Law Group P.C., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Mestechkin Law can be reached at: Oleg A. Mestechkin, Esq. MESTECHKIN LAW GROUP P.C. 1733 Sheepshead Bay Road, Suite 29 Brooklyn, NY 11235 Tel: (212) 256-1113 About Real Care Real Care, Inc. is a New York corporation formed in 2003, which operates a home care service agency providing home care nurses and health aides to eligible clients including homebound, disabled and elderly people. Real Care filed a Chapter 11 petition (Bankr. E.D.N.Y. Case No. 18-46146) on Oct. 25, 2018, and is represented by Douglas J. Pick, Esq., in New York. In the petition signed by Igor Galper, president, the Debtor disclosed $804,263 in total assets and $3,303,530 in total liabilities. The Debtor tapped Farrell Fritz, P.C., as counsel, and Mestechkin Law Group P.C., as special litigation counsel. The U.S. trustee for Region 2 appointed Eric M. Huebscher as patient care ombudsman in the Debtor's Chapter 11 case. REVERE POWER: Moody's Rates $585MM Sr. Sec. Credit Facilities Ba3 ----------------------------------------------------------------- Moody's Investors Service assigned a Ba3 rating to Revere Power, LLC's proposed $586 million senior secured credit facilities consisting of a $445 million 7-year term loan B, $86 million 7-year term loan C and a $55 million 5-year revolving credit facility. The rating outlook is stable. Proceeds from the term loan B, combined with approximately $169 million of equity contributed by the Carlyle Power Partners II, an affiliate of The Carlyle Group, will be used to fund the acquisition of three natural gas-fired power plants in New England from Emera, Inc. for $590 million and to pay related transaction costs. The assets to be acquired are the 577 MW Bridgeport Energy located in Connecticut, the 297 MW Tiverton Power in Rhode Island and the 269 MW Rumford Power in Maine. The transaction is subject to the regulatory approvals of the FERC and under provisions of the Hart-Scott-Rodino Antitrust Act, and is expected to close in the first quarter of 2019. Proceeds from the term loan C will be used to cash collateralize letters of credit to be issued by the Borrower in the normal course of business. RATINGS RATIONALE The Ba3 rating considers near-term cash flow certainty associated with the forward sale of the Borrower's generating capacity, the assets' sound operating history and competitive generating profiles and the sponsor's experience in operating power generating assets. The rating also considered the Borrower's exposure to merchant power market pricing volatility, meaningful capital expenditures program and refinancing risk. The portfolio has sold its capacity through May 2022 in ISO-NE Forward Capacity Auctions (FCA's). The resulting highly certain capacity revenue for the period April 1, 2019 through May 31, 2022 are in excess of $220 million and underpins the Borrower's credit profile. The level of capacity revenue beyond May 2022 will be determined through future FCA's. Revere's generating assets have been well maintained, utilize proven combined-cycle technology and operating performance has been sound. Bridgeport and Tiverton have competitive base load heat rates of approximately 7,000 Btu/kW, that, combined with their location within regional load pockets, has resulted in high capacity factors (in excess of 70% and 50% at Bridgeport and Tiverton, respectively) and earn gross margins from the sale of energy. Rumford is smaller and less efficient than its peers, has been historically dispatched primarily during periods of peak demand and its contribution from energy sales is modest. Collectively, Moody's expects Revere to generate energy gross margins of at least $60 million in each of the next three years that, combined with capacity revenue will be used to pay operating costs, capital expenditures and debt service. Moody's expects the majority of the portfolio's gross margin to be generated by Bridgeport due to its size, location and proximity to the Iroquois pipeline. Failure to meet this level of gross margin could have potential negative rating ramifications. Asset management, operations and maintenance and energy management will be the responsibility of Cogentrix Energy, Carlyle's in-house management platform in the power generation space. Cogentrix Energy is an experienced power plant operator that has a high degree of familiarity in ISO-NE. Forecasted capital expenditures during the financing term is in excess of $100 million. In addition to payments under long-term service agreements, this amount includes approximately $30 million of milestone payments due to General Electric for an upgrade to Tiverton's turbine completed in 2016. This amount would otherwise be available for debt reduction and, as such, weakens Revere's positioning in the Ba3 rating category. Moody's forecasted key financial metrics during the three year period 2020 through 2022 include annual debt service coverage in a range of 1.7-2.4 times, project cash flow to adjusted debt in a range of 4-10% and debt-to-EBITDA in a range of 4-6 times. The lower end of these ranges are forecast to occur in 2022 due to a decline in capacity price levels and increased capital expenditures due in a forecasted major inspection at Tiverton. Moody's views this level of financial performance to be commensurate with a low Ba rating category. Financial performance beyond this period will be largely dictated by prevailing market determined pricing. Based on sensitivities considered, debt remaining at maturity may be in a range of $275-325 million. The senior secured credit facilities will incorporate typical project finance features, including limitations on indebtedness and asset sales, a trustee administered waterfall of accounts, a six month debt service reserve that will be funded under the term loan C, a 1.1 times debt service coverage covenant requirement and a quarterly 75% cash sweep requirement to a Target Debt Balance, reducing to 50% if leverage is less than 3 times. Rating Outlook The stable outlook assumes sound operating performance, merchant energy margin contributions from at least Bridgeport and Tiverton and debt service coverage over the near-term in excess of 1.8 times. What could move the rating up The rating could be upgraded should the Borrower repay substantially greater debt than expected or if it generates financial metrics including debt service coverage in excess of 2.25 times and debt-to-EBITDA of less than 3.0x on a sustained basis. What could move the rating down The rating could be downgraded if any asset encounters major operational difficulties or combined, generate less than $45 million of recurring annual energy margin leading to debt service coverage declining to less than 1.5x on a sustained basis or debt-to-EBITDA increasing to more than 6.5x. The principal methodology used in these ratings was Power Generation Projects published in June 2018. REYNOLDS DEVELOPMENT: Feb. 19 Plan Confirmation Hearing ------------------------------------------------------- The disclosure statement explaining Reynolds Development Company, LLC's Chapter 11 plan of reorganization is conditionally approved. If objections are filed, the hearing on final approval of the disclosure statement and on confirmation of the plan will be held on Feb. 19, 2019, at 1:00 P.M. Central Time. Feb. 7 is fixed as the last day for filing written acceptances or rejections of the plan and for filing written objections to the disclosure statement and confirmation of the plan. Class 2A: The holder of the Class 2A Allowed Claim, First National Bank, holds a security interest in real estate. This claim will be treated as a secured creditor to the extent of the value of its pledged collateral in the amount of $ 125,015.00 for the real estate and $2,000.00 for the trailer for a total claim of $127,015.00. The balance of the claim after the allowance on the value of the real estate and trailer below shall be treated as an unsecured claim. The secured claim less adequate protection payments made pursuant to the Stipulation shall be amortized over 20 years at 7.5% interest to be paid in monthly installments of$1,023.22 with the first such payment to be made no later than one month after date of confirmation until October 31, 2028. Class 2B: The holder of the Class 2B Allowed Claim, Nebco, holds a security interest in real estate has filed a secured claim in the amount of$145,160.06. Said claim plus accrued interest shall be reamortized over thirty (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. Class 2C: The holders of the Class 2C Allowed Claim, Roger and Julie Rawle, hold a security interest in real estate. This claim will be treated as a secured creditor in the amount of $29,727.28 and shall be amortized over 30 years at 7.5% interest to be paid in monthly installments of $108.00 with the first such payment to be made the first month after the date of confirmation ofthe plan until the same month in 2028 at which time where shall be a balloon payment to pay the allowed secured claim. Class 3A: Unsecured Claims. If the Plan is accepted by creditors in this class the Debtor proposes to pay unsecured claims pro rata per dollar amount of the claim to be paid over a period of three years with the first payment to made one year from the date of confirmation of the plan and on the same date thereafter for two more years. The Debtor will make payments from continued construction operations of Ryan Reynolds 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 January 7, 2019, is available at https://tinyurl.com/y8z7mdtx from PacerMonitor.com at no charge. About Reynolds Development Reynolds Development Company, LLC filed a Chapter 11 petition (Bankr. D. Neb. Case No. 18-41099) on July 6, 2018, and is represented by John C. Hahn, Esq. from Wolfe, Snowden, Hurd, Luers & Ahl, LLP. Mr. John Hahn can be reached at bankruptcy@wolfesnowden.com. RLWRHC INC: Hires Robert L. Russell and Ahlgren Law as Counsel -------------------------------------------------------------- RLWRHC, Inc., seeks authority from the U.S. Bankruptcy Court for the District of Minnesota to employ Robert L. Russell, Attorney at Law, and Ahlgren Law Office, PLLC, as counsel to the Debtor. RLWRHC, Inc. requires Robert L. Russell and Ahlgren Law to: a. represent the Debtor in all legal matters arising during the control of the Debtor's assets, the determination of claims, negotiations with creditors and third parties; b. assist in the preparation and formation of a plan to be presented to the creditors; and c. provide such other services as are necessary for the exercise of any and all rights available to the Debtor. Robert L. Russell and Ahlgren Law will be paid at these hourly rates: Attorneys $300 Paralegals $110 Robert L. Russell and Ahlgren Law ell will also be reimbursed for reasonable out-of-pocket expenses incurred. Erik A. Ahlgren, a partner at Ahlgren Law Office, PLLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Robert L. Russell and Ahlgren Law can be reached at: Erik A. Ahlgren, Esq. AHLGREN LAW OFFICE, PLLC 220 W Washington Ave. Fergus Falls, MN 56537 Tel: (218) 998-2775 About RLWRHC, Inc. RLWRHC, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Min. Case No. 19-60025) on January 16, 2019. The Debtor hired Robert L. Russell, Attorney at Law, and Ahlgren Law Office, PLLC, as counsel. ROBERT SILLERMAN: Creditors Want RPI Appointed as Committee Member ------------------------------------------------------------------ A group of creditors filed a motion seeking the appointment of React Presents, Inc. to the official committee of unsecured creditors in Robert F.X. Sillerman's Chapter 11 case. In their motion, the creditors including React Presents asked the U.S. Bankruptcy Court for the Southern District of New York to direct the Office of the U.S. Trustee to appoint the company, saying the present two-member committee "does not adequately represent all creditors' interests." "React Presents is a judgment creditor of the debtor and having it serve on the committee is necessary to ensure adequate representation of the debtor's creditor body," the creditors said. "In light of the size of the Debtor's estate and assets, the present two-member committee is not well-populated to meet the demands of this case," the creditors said in the court filing. According to the creditors, React Presents holds one of the largest claims and, given their agreement to waive any security if the company is selected to the committee, its claim is the largest "noncontingent, undisputed and liquidated" unsecured claim against Mr. Sillerman. The U.S. trustee on Jan. 11 appointed VistaJet US, Inc. and ID Wheel (FL) LLC to the committee, both of which hold smaller claims, according to court filings. "Despite React Presents being exactly the type of creditor that is customarily appointed to an official creditors' committee, the U.S. trustee failed to appoint it to the committee," the creditors said. The creditors are represented by: Michael J. Edelman, Esq. Vedder Price P.C. 1633 Broadway, 31st Floor New York, NY 10019 Telephone: (212) 407-7700 Facsimile: (212) 407-7799 Email: mjedelman@vedderprice.com -- and -- Michael M. Eidelman, Esq. Vedder Price P.C. 222 North LaSalle Street Chicago, IL 60601 Telephone: (312) 609-7500 Facsimile: (312) 609-5005 Email: meidelman@vedderprice.com About Robert Francis Xavier Sillerman Creditors React Presents Inc., Clubtix Inc., Lucas King and Jeffrey Callahan filed an involuntary Chapter 7 petition against Robert Francis Xavier Sillerman (Bankr. S.D.N.Y. Case No. 17-13633) on December 26, 2017. The creditors are represented by Michael James Edelman, Esq. The case has been converted to one under Chapter 11 on March 1, 2018. Judge Mary Kay Vyskocil presides over the case. The Debtor is represented by Laurie Binder, Esq., and Sanford Philip Rosen, Esq., at Rosen & Associates, P.C. RONALD L WINN: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- No official committee of unsecured creditors has been appointed in the Chapter 11 case of Ronald L Winn DDS PS as of Jan. 24, according to a court docket. About Ronald L Winn DDS PS Ronald L Winn DDS PS, a healthcare business known as Glo Dental Studio, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 18-14732) on December 13, 2018. At the time of the filing, the Debtor had estimated assets of less than $500,000 and liabilities of $1 million to $10 million. The case has been assigned to Judge Marc Barreca. The Debtor tapped Vortman & Feinstein, PS as its legal counsel. SABIR PROPERTIES: Unsecured Creditors to Get 100% Under Plan ------------------------------------------------------------ Sabir Properties, LLC, filed a Chapter 11 plan and accompanying disclosure statement. Class 6, the General Unsecured Creditors, will be paid in full over time. The first payment will begin in month 13 of the Plan and continue and increase in subsequent years until paid in full. The class 6 will also be paid from proceeds of sales. Shakat Sindhu has executed an affidavit and an agreement to be personally responsible for plan payments if the Debtor is unable to make those payments. As of November 2018, the Debtor had $1,882 cash on hand. The estimated available cash on hand on the date of confirmation is $3,000. A full-text copy of the Disclosure Statement dated January 9, 2019, is available at https://tinyurl.com/yd59wavt from PacerMonitor.com at no charge. About Sabir Properties, Inc. Sabir Properties, Inc. filed for Chapter 11 bankruptcy protection on (Bankr. W.D. Pa. Case No. 18-10652) June 28, 2018, listing $3.3 million in total assets and $2.49 million in total liabilities. The petition was signed by Shaukat Sindhu, president. Judge Thomas P. Agresti presides over the case. Donald R. Calaiaro, Esq., at Calaiaro Valencik serves as the Debtor's counsel. SHARING ECONOMY: Terminates Exclusivity Agreement with ECrent ------------------------------------------------------------- Sharing Economy International, Inc. has terminated the Exclusivity Agreement entered into with ECrent Capital Holdings Limited on June 11, 2017, as amended. About Sharing Economy Headquartered in Jiangsu Province, China, Sharing Economy International Inc. -- http://www.seii.com/-- through its affiliated companies, designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The Company's latest business initiatives are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Throughout 2017, the Company made significant changes in the overall direction of the Company. Given the headwinds affecting its manufacturing business, the Company is targeting high growth opportunities and has established new business divisions to focus on the development of sharing economy platforms and related rental businesses within the company. These initiatives are still in an early stage. The Company did not generate significant revenues from its sharing economy business initiatives in 2017. RBSM LLP's audit opinion included in the company's Annual Report on Form 10-K for the year ended Dec. 31, 2017 contains a going concern explanatory paragraph stating that the Company had a loss from continuing operations for the year ended Dec. 31, 2017 and expects continuing future losses, and has stated that substantial doubt exists about the Company's ability to continue as a going concern. RBSM has served as the Company's auditor since 2012. Sharing Economy incurred a net loss of $12.92 million in 2017 and a net loss of $11.67 million in 2016. As of Sept. 30, 2018, the Company had $59.80 million in total assets, $9.46 million in total liabilities and $50.33 million in total equity. SKYMARK PROPERTIES: Seeks Authority to Use Cash Collateral ----------------------------------------------------------- Skymark Properties III LLC seeks authority from the U.S. Bankruptcy Court for the Northern District of Georgia to use cash collateral to preserve property. The Debtor further requests the Court to allow the use of cash collateral to preserve the Property and the estate pending the confirmation of a Plan of Reorganization pursuant to a budget. The Debtor is the owner of an office building located at 1590 Adamson Parkway, Motrow, Georgia 30260. The Property has an office space generating monthly rental income of approximately $54,896. The Debtor proposes to use the income from the Property to pay normal operating expenses of the Property and in order to continue to operate Property and serve tenants on an emergency and interim basis pending a final hearing. The proposed three-month budget covering Jan. 1, 2019 through March 31, 2019 provides total expenses of approximately $ 93,757. However, the income derived from the Property may be claimed to be cash collateral by the holder of that certain Promissory Note in the original principal amount of $3,000,000, executed by the Debtor in favor of Securityplus Federal Credit Union. Accordingly, the Debtor applies for an order authorizing it to use cash collateral. A full-text copy of the Debtor's Motion is available at http://bankrupt.com/misc/ganb18-71708-13.pdf About Skymark Properties III Skymark Properties III, LLC, is the owner of an office building located at 1590 Adamson Parkway, Motrow, Georgia 30260. Skymark Properties III sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-71708) on Dec. 28, 2018. At the time of the filing, the Debtor estimated assets of $1 million to $10 million and liabilities of the same range. The petition was signed by Troy Wilson, authorized agent. Wolfson Bolton PLLC serves as the Debtor's counsel. SKYMARK PROPERTIES: Seeks to Hire Wolfson Bolton as Counsel ----------------------------------------------------------- Skymark Properties SPE LLC and Skymark Properties II LLC seek approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to hire Wolfson Bolton PLLC as their legal counsel. The firm will provide these services: i. advise the Debtors with respect to their powers and duties in the continued management and operation of their businesses and property; ii. administer the Debtors' Chapter 11 cases and oversee their affairs; iii. negotiate with creditors or any creditors' committee appointed in the Debtors' bankruptcy cases; iv. prepare and implement a Chapter 11 plan of reorganization; v. communicate with creditors; and vi. provide other legal services in connection with the bankruptcy cases. The firm will charge these hourly fees: Scott A. Wolfson Member $525 Peter C. Bolton Member $510 Adam L. Kochenderfer Member $435 Anthony J. Kochis Member $410 Eric A. ZacksOf Counsel $450 Thomas J. Kelly Associate $295 Michelle H. Bass Associate $265 Rachel Walton Associate $195 Stephanie L. Travis Paralegal $185 Wolfson Bolton received an initial retainer of $60,000 from Skymark Capital Corporation, an entity affiliated with the Debtors. After deducting all pre-bankruptcy fees, expenses and filing costs, the firm holds a post-petition retainer in the amount of $44,735.50. Scott Wolfson, Esq., at Wolfson Bolton, attests that the members and associates of his firm are "disinterested persons" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Scott A. Wolfson, Esq. 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 About Skymark Properties Toronto, Ontario-based Skymark Properties SPE LLC and Southfield, Michigan-based Skymark Properties II LLC are privately held companies that lease real estate properties. Skymark Properties SPE and Skymark Properties II each filed a voluntary Chapter 11 petition (Bankr. E.D. Mich. Lead Case No. 19- 40248) on January 8, 2019. In the petition signed by Troy Wilson, authorized agent, the Debtors estimated $1 million to $10 million in both assets and liabilities. Scott A. Wolfson, Esq., and Anthony J. Kochis, Esq., at Wolfson Bolton PLLC, represent the Debtors as legal counsel. The cases have been assigned to Judge Thomas J. Tucker. SOVRANO LLC: Has Interim Approval to Use Cash Collateral -------------------------------------------------------- The Hon. Edward L. Morris of the U.S. Bankruptcy Court for the Northern District of Texas has authorized Sovrano, LLC and its debtor-affiliates to use Cash Collateral during the period from the Petition Date through and including the Termination Date, subject to and solely in accordance with the terms, conditions, and limitations set forth in the Interim Order and the Budget. The Final Hearing on the Cash Collateral Motion shall be held on Feb. 5, 2019, at 1:30 p.m. prevailing Central Time. Any objections or responses thereto must be filed on Jan. 25, 2019. The Debtors' right to use the cash collateral on a consensual basis will terminate on the earliest of: (a) consummation of a plan of reorganization in this Case; (b) Feb. 8, 2019, if the Final Order has not been entered by the Court on or before such date or such later date as Equity Bank may agree; or (c) in the event of a federal government shut-down which causes the unavailability of courts, two weeks from the end of such shut-down; or (d) upon written notice by Equity Bank to the Debtors after the occurrence and continuance of any Events of Default. Prior to the Petition Date, certain of the Debtors granted prepetition liens and security interest to Equity Bank, including cash collateral, pursuant to (ii) that certain Term Loan Agreement and Term Note in the amount of $9,250,000, by and between Equity Bank, as lender and Gigi's Cupcakes, LLC and Gigi's Operating, LLC, as borrowers; and (i) that certain Term Loan Agreement and Term Note in the amount of $20,250,000, by and between Equity Bank, as lender, and Sovrano and Mr. Gatti's, LP, as borrowers. To secure each of the Equity Bank Loan Documents, each respective Debtor granted Equity Bank security interests in personal property as defined in the security agreements between Equity Bank and each Debtor, including certain cash collateral. In addition, certain of the Debtors also entered into loan agreements and security agreements with Happy State Bank in the amount of $340,000 and JP Morgan Chase Bank, N.A. in the maximum amount of $2,500,000, with respect to certain equipment loans, secured by certain property and equipment. As adequate protection for the use of cash collateral, Equity Bank will be granted continuing, valid, automatically perfected nonavoidable and enforceable replacement liens, in and upon all of the assets (and proceeds thereof) of the Debtors described in the Credit Agreement and the other loan documents including but not limited to, accounts receivable, and Cash Collateral, whether such property (or proceeds thereof) was owned on the Petition Date or acquired by any Debtor after the Petition Date (excluding all causes of action under chapter 5 of the Bankruptcy Code. The Replacement Liens: (a) are in addition to the Pre-Petition Liens; (b) are and will be valid, perfected, enforceable, and effective as of the date of the entry of the Interim Order without further action by the Debtors or Equity Bank, and without the necessity of the execution, filing, or recordation of any financing statements, security agreements, mortgages, or other documents; (c) will secure the payment of indebtedness to Equity Bank to the fullest extent of the law, of the Cash Collateral and any other Pre-Petition Collateral; (d) except for ad valorem property taxes, will not hereafter be subordinated to or made pari passu with any other lien or security interest arising after the Petition Date under Bankruptcy Code section 364(d) or otherwise, absent the consent of Equity Bank; and (e) will have the same priority as existed on the Petition Date. Equity Bank will also be granted, to the extent provided by Section 507(b) of the Bankruptcy Code, an allowed superpriority administrative expense claim in each Debtor's Case and any Successor Cases, subject to the Carve-Out. Equity Bank has agreed to a Carve-Out of its Pre-Petition Collateral in an amount equal to the sum of: (a) all fees required to be paid to the clerk of the Court or any claims and noticing agent acting in such capacity and to the Office of the U.S. Trustee under section 1930(a)(6) of title 28 of the United States Code and (b) allowed claims for unpaid fees, costs, and expenses of the Debtors' professional fees to include cash collateral in the amount of: (i) $300,000 subject to Court approval, for fees and expenses incurred by counsel for the Debtor (Kelly Hart LLP) and its restructuring advisor (CR3 Partners LLC) for services rendered up through and including the earlier to occur of the Termination Date and entry by the Court of an additional interim or final order authorizing use of Cash Collateral. A full-text copy of the Interim Order is available at http://bankrupt.com/misc/txnb19-40067-36.pdf 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 Debtors filed a motion for joint administration, seeking consolidation of their respective estates for administrative purposes only. The Hon. Edward L. Morris is assigned to the cases. Six affiliates that have filed voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Sovrano, LLC (Lead Case) 19-40067 Mr. Gatti's, LP 19-40069 Gatti's Great Pizza, Inc. 19-40070 Gigi's Cupcakes, LLC 19-40072 Gigi's Operating, LLC 19-40073 Gigi's Operating II, LLC 19-40074 In the petition signed by Kyle C. Mann, vice chairman, Sovrano LLC estimated assets of $10 million to $50 million and total estimated liabilities of $10 million to $50 million. The Debtors tapped Kelly Hart & Hallman LLP as bankruptcy counsel. SPECIALTY RETAIL: Hires Prime Clerk as Claims and Noticing Agent ---------------------------------------------------------------- Specialty Retail Shops Holding Corp., and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of Nebraska to employ Prime Clerk LLC, as claims, noticing and solicitation agent to the Debtors. Specialty Retail requires Prime Clerk to: (a) assist the Debtors with the preparation and distribution Of all required notices and documents in accordance with the Bankruptcy Code and the Bankruptcy Rules in the form and manner directed by the Debtors and/or the Court, including: (i) notice of any claims bar date, (ii) notice of any proposed sale of the Debtors's assets, (iii) notices of objections to claims and objections to transfers of claims, (iv) notices of any hearings on a disclosure statement and confirmation of any plan of reorganization, including under Bankruptcy Rule 3017(d), (v) notice of the effective date of any plan, and (vi) all other notices, orders, pleadings, publications and other documents as the Debtors, Court, or Clerk may deem necessary or appropriate for an orderly administration of this chapter 11 case; (b) maintain an official copy of the Debtors's schedules of assets and liabilities and statements of financial affairs (collectively, the "Schedules"), listing the Debtors's known creditors and the amounts owed thereto; (c) maintain (i) a list of all potential creditors, equity holders and other parties-in-interest and (ii) a "core" mailing list consisting of all parties described in Bankruptcy Rule 2002(i), (j) and (k) and those parties that have filed a notice of appearance pursuant to Bankruptcy Rule 9010; update and make said lists available upon request by a party-in-interest or the Clerk; (d) furnish a notice to all potential creditors of the last date for filing proofs of claim and a form for filing a proof of claim, after such notice and form are approved by the Court, and notify said potential creditors of the existence, amount and classification of their respective claims as set forth in the Schedules, which may be effected by inclusion of such information (or the lack thereof, in cases where the Schedules indicate no debt due to the subject party) on a customized proof of claim form provided to potential creditors; (e) for all notices, motions, orders or other pleadings or documents served, prepare and file or cause to be filed with the Clerk an affidavit or certificate of service within seven (7) days of service which includes (i) either a copy of the notice served or the docket number(s) and title(s) of the pleading(s) served, (ii) a list of persons to whom it was mailed (in alphabetical order) with their addresses, (iii) the manner of service, and (iv) the date served; (f) maintain any original proofs of claim Prime Clerk receives in a secure area; (g) record all transfers of claims and provide any notices of such transfers as required by Bankruptcy Rule 3001(e); (h) monitor the Court's docket for all notices of appearance, address changes, and claims-related pleadings and orders filed and make necessary notations on and/or changes to the claims register and any service or mailing lists, including to identify and eliminate duplicative names and addresses from such lists; (i) identify and correct any incomplete or incorrect addresses in any mailing or service lists; (j) assist in the dissemination of information to the public and respond to requests for administrative information regarding this chapter 11 case as directed by the Debtors or the Court, including through the use of a case website and/or call center; (k) monitor the Court's docket in this chapter 11 case and, when filings are made in error or containing errors, alert the filing party of such error and work with them to correct any such error; (l) comply with applicable federal, state, municipal, and local statutes, ordinances, rules, regulations, orders, and other requirements; (m) if this chapter 11 case is converted to a case under chapter 7 of the Bankruptcy Code, contact the Clerk's office within three (3) days of notice to Prime Clerk of entry of the order converting the case; (n) thirty (30) days prior to the close of this chapter 11 case, to the extent practicable, request that the Debtors submit to the Court a proposed order dismissing Prime Clerk as claims, noticing, and solicitation agent and terminating its services in such capacity upon completion of its duties and responsibilities and upon the closing of this chapter 11 case; (o) at the close of these chapter 11 cases: (i) box and transport all original documents, in proper format, as provided by the Clerk, to (A) the applicable Federal Records Center, or (B) any other location requested by the Clerk; and (ii) docket a completed SF-135 Form indicating the accession and location numbers of the archived claims; (p) assist the Debtors with plan-solicitation services including: (i) balloting, (ii) distribution of applicable solicitation materials, (iii) tabulation and calculation of votes, (iv) determining with respect to each ballot cast, its timeliness and its compliance with the Bankruptcy Code, Bankruptcy Rules, and procedures ordered by this Court; (v) preparing an official ballot certification and testifying, if necessary, in support of the ballot tabulation results; and (vi) in connection with the foregoing services, process requests for documents from parties in interest, including, if applicable, brokerage firms, bank back-offices and institutional holders; (q) assist with the preparation of the Debtors's schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (r) provide a confidential data room, if requested; (s) manage and coordinate any distributions pursuant to a chapter 11 plan; and (t) provide such other processing, solicitation, balloting, and other administrative services described in the Engagement Agreement, that may be requested from time to time by the Debtorss, the Court, or the Clerk. Prime Clerk will be paid at these hourly rates: Director of Solicitation $210 Solicitation Consultant $190 COO and Executive VP No charge Director $175 to $195 Consultant/Senior Consultant $65 to $165 Technology Consultant $35 to $95 Analyst $30 to $45 Prime Clerk will be paid a retainer in the amount of $40,000. Prime Clerk will also be reimbursed for reasonable out-of-pocket expenses incurred. Benjamin J. Steele, vice president of Prime Clerk, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Prime Clerk can be reached at: Benjamin J. Steele PRIME CLERK LLC 830 3rd Avenue, 9th Floor New York, NY10022 Tel: (212) 257-5450 E-mail: bsteele@primeclerk.com About Specialty Retail Shops Specialty Retail Shops Holding Corp. and its affiliates are engaged in the sale of general merchandise including clothing, accessories, electronics, and home furnishings, as well as company-operated pharmacy and optical services departments. The Debtors are headquartered in Green Bay, Wisconsin, and operate 367 stores in 25 states throughout the United States as well as e-commerce operations. The Debtors currently employ approximately 14,000 people throughout The United States. Specialty Retail Shops Holding and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Lead Case No. 19-80064) on January 16, 2019. At the time of the filing, the Debtors had estimated assets of $500 million to $1 billion and liabilities of $1 billion to $10 billion. The cases are assigned to Judge Thomas L. Saladino. The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis International LLP as general bankruptcy counsel; McGrath North Mullin & Kratz, P.C. LLO as local counsel; Houlihan Lokey Capital, Inc. as investment banker; Berkeley Research Group, LLC as restructuring advisor; Hilco Real Estate, LLC as real estate Consultant; Willkie Farr & Gallagher LLP as special counsel; Ducera Partners LLC as financial advisor; and Prime Clerk LLC as notice and claims agent. A seven-member panel has been appointed as official unsecured creditors committee in the cases. T CAT ENTERPRISE: Seeks Until Feb. 10 to File Plan, Disclosures ---------------------------------------------------------------- T. Cat Enterprise, Inc., asks the Bankruptcy Court to further extend the time to file a Plan of Reorganization and Proposed Disclosure Statement to and including February 10, 2019, without prejudice to the Debtor's right to seek additional and further extensions of the periods as may be appropriate under the circumstances then prevailing. The Debtor is an excavation contractor whose primary business season is April through November. The Debtor is not totally shut down during the winter months and has some income being created. The requested extension is realistic due to the seasonal nature of the Debtor's business and the Debtor is bidding on projects, the Debtor tells the Court. The extension of the time to file a Plan and Disclosure Statement will afford the Debtor and all other parties in interest an opportunity to fully develop the grounds upon which negotiations toward a plan of reorganization can be based. There are multiple secured creditors who have liens on equipment and machinery used by the Debtor. The Debtor believes it should be afforded a full and fair opportunity to propose, negotiate, and seek acceptances of a chapter 11 plan. The Debtor believes that the requested extension is warranted and appropriate under the circumstances. The Debtor submits that the requested extension is realistic and necessary, will not prejudice the interests of creditors and other parties in interest, and will afford them a meaningful opportunity to pursue a consensual plan of reorganization, all as contemplated by chapter 11 of the Bankruptcy Code. About T CAT Enterprise T Cat Enterprise, Inc. -- http://www.tcatinc.com/-- is a family-owned and operated construction company specializing in excavation, railroad clean up, and snow plowing services in the tri-state area. In addition, the Company also offers hauling services, demolition services, and pavers and asphalt repairs. T Cat Enterprise, Inc., based in Franklin Park, IL, filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 18-22736) on Aug. 13, 2018. In the petition signed by James R. Trumbull, president, the Debtor estimated $0 to $50,000 in assets and $1 million to $10 million in liabilities. The Hon. Jack B. Schmetterer oversees the case. Joseph E. Cohen, Esq., and Gina B. Krol, Esq., at Cohen & Krol, serve as bankruptcy counsel to the Debtor. TITAN INT'L: Moody's Puts B3 CFR Under Review for Downgrade ----------------------------------------------------------- Moody's Investors Service has placed its ratings for Titan International, Inc. under review for downgrade, including the company's B3 Corporate Family Rating and B3-PD Probability of Default Rating, as well as the B3 rating for its senior secured notes due 2023. The company's Speculative Grade Liquidity rating is affirmed at SGL-3. The ratings outlook has been changed to Rating Under Review from Stable. The actions follow the announcement by Titan that the settlement put option contained in the company's Voltyre-Prom shareholder agreement has been exercised by both One Equity Partners and the Russian Direct Investment Fund. "The exercise and settlement of the put options come at a time when Titan's liquidity is already strained following a year in which the company's rapid growth consumed significant cash," said Andrew MacDonald, Moody's lead analyst for Titan. The review will focus on Titan's pro forma financial risk and liquidity profile in satisfaction of the put exercise, incorporating the specific terms by which the company intends to finance the settlement of the same, according to the rating agency. The transactions are expected to close within 60 days or once all regulatory approval is met, by which time Moody's review should also be concluded. Moody's took the following actions for Titan International, Inc.: Corporate Family Rating, Placed Under Review for Downgrade, currently B3 Probability of Default Rating, Placed Under Review for Downgrade, currently B3-PD $400 Million Senior Secured Notes due 2023, Placed Under Review for Downgrade, currently B3 (LGD4) Speculative Grade Liquidity Rating, affirmed at SGL-3 Outlook, changed to Under Review from Stable RATINGS RATIONALE Pending final settlement of the put options, Titan's B3 Corporate Family Rating is constrained by Moody's expectation that free cash flow will remain negative until the second half of 2019 on a trailing twelve-month basis as the company continues to be cash absorptive to support growth. Additionally, the ratings reflect the company's highly cyclical end markets and high customer concentration with a few large OEM providers. The company is also exposed to raw material costs, foreign exchange risk, and geopolitical factors that can cause earnings to be volatile. However, the rating is broadly supported by the company's improving credit metrics following a rebound in performance in 2018 largely attributed to recovery in the construction/earthmoving and agricultural sectors. The rating is also supported by availability under the company's committed revolving credit facility and balance sheet cash of roughly $97 million, albeit both of which may be negatively affected by the put option settlement. The company has good geographic diversification that affords a measure of protection again regional downturns and adds some financial flexibility in the form of unencumbered overseas assets that could be used as an alternate source of liquidity, if needed. The principal methodology used in these ratings was Global Manufacturing Companies published in June 2017. Headquartered in Quincy, Illinois, Titan is a manufacturer of wheels, tires, assemblies and undercarriage products for off-highway vehicles. The company serves end markets in the agricultural, earthmoving/construction, and consumer industries. Titan sells its products directly to OEMs as well as in the aftermarket through independent distributors, equipment dealers and distributions centers. The company produces tires primarily under the Titan and Goodyear brand names. For the twelve-month period ended September 30, 2018, Titan reported about $1.6 billion of revenue. TOWN STAR: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Town Star Holdings, LLC 6321 Daniels Parkway, Suite 200 Fort Myers, FL 33912 Business Description: Headquartered in Fort Myers, Florida, Town Star Holdings, LLC owns convenience stores. Chapter 11 Petition Date: January 25, 2019 Court: United States Bankruptcy Court Middle District of Florida (Ft. Myers) Case No.: 19-00667 Debtor's Counsel: Steven M. Berman, Esq. SHUMAKER, LOOP & KENDRICK, LLP 101 E. Kennedy Blvd., Suite 2800 Tampa, FL 33602 Tel: 813-229-7600 Fax: 813-229-1660 E-mail: sberman@slk-law.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Dor Bocian, manager. A copy of the Debtor's list of 20 largest unsecured creditors is available for free at: http://bankrupt.com/misc/flmb19-00667_creditors.pdf A full-text copy of the petition is available for free at: http://bankrupt.com/misc/flmb19-00667.pdf TRINITY INVESTMENT: Objects to Sigma's $6.7MM Secured Claim ----------------------------------------------------------- Trinity Investment Group LLC, filed an amended Chapter 11 plan and accompanying disclosure statement to disclose changes to the treatment of secured and unsecured claims; the terms and conditions of the assignment of the right to operate restaurants as set for the Assignment and Assumption Agreement between James E. Miller, II (as assignor) and Vision Investment Group, Inc. (as assignee); and the going concern value of the Debtor's assets. The Amended Plan increased the total amount of secured claims to $6,831,018.13, from $3,850,116. The Debtor scheduled Sigma Restaurant as a secured creditor with a disputed claim in the amount of $3,750,000. Sigma Restaurants has filed proof of claim #7 in the amount of $6,731,332.86 as a secured claim. The Debtor does not agree with the amount of the Sigma Restaurants claim, nor its classification as a secured claim. The Debtor has filed an adversary proceeding Case No. 18-01067 asserting that Sigma Restaurants did not properly perfect its security interest and accordingly does not have secured claim status. Sigma Restaurants does not agree with the Debtor's assertions in the pending adversary. The adversary proceeding is presently pending in the Bankruptcy Court. Also, the Debtor has now filed an Objection to the Sigma Restaurants's Proof of Claim No. 7. Class 8 will consist of Unsecured Claims. This Class shall include all creditor claims which are not specifically included in Classes 1 through 7. For clarity and not by way of limitation, this Class shall also include the deficiency claim of U.S. Bank, N.A. d/b/a U.S. Bank Equipment Finance, the deficiency claim, if any, of Sigma Restaurants, Inc., and all Rejection Claims. This Class shall neither have nor retain any liens. The Allowed Claims of this Class shall be paid on a pro rata basis the sum of $250,000.00 plus the amount of the $222,867.70. Class 2 will consist of the Bippus State Bank Allowed Secured Claim. The Allowed Secured Claim of this Class shall be paid in full, With Interest. Payment shall be in monthly installments of $1,000.00 each, commencing thirty (30) days after Confirmation of the Plan and continuing until the Allowed Secured Claim of this Class is paid in full. This Class is impaired. Class 3 will consist of the Sigma Restaurants, Inc. Allowed Secured Claim. The Allowed Secured Claim of this Class, if any, shall be paid in full, With Interest. To the extent this Class is determined to have a secured claim by the Court in Adversary Proceeding Case No. 18-01067, the Allowed Secured Claim amount shall be deemed to be $222,867.70. Payment of the Allowed Secured Claim amount shall be paid, With Interest, in monthly installments based upon a five (5) year amortization. The monthly payments to this Class based upon the full amount stated above would be $4,308.66. This Class is impaired. Class 5 will consist of the Direct Capital Corporation Allowed Secured Claim. Pursuant to the Proof of Claim filed by this Class (Claims Docket Proof of Claim No. 4), the Allowed Secured Claim of this Class shall be deemed to be $52,008.43. The said Allowed Secured Claim shall be paid in full, With Interest. Payments shall be in monthly installments based upon a three (3) year amortization and shall commence thirty (30) days after the Effective Date. The security interest of this Class shall continue in effect upon Confirmation of the Plan. The monthly payments to this Class are $1,582.20. This Class is impaired. Class 9 will consist of the interest holders. All pre-petition equity security interests of Debtor shall be canceled. One hundred percent (100%) of the membership interest in the reorganized Debtor shall be distributed to James E. Miller, II for the consideration set forth in Article IV. of the Plan. The Debtor believes that the Plan meets the requirements of the Feasibility Test. The Debtor has prepared projections of the expected operating and financial results of reorganized Debtor for a period of three (3) years. Based on those projections, Debtor believes that the Plan complies with the financial feasibility standard for confirmation. The Debtor believes the results set forth in these projections are attainable and that it will have sufficient funds to meet its obligations under the Plan and otherwise. A full-text copy of the Amended Disclosure Statement dated January 9, 2019, is available at https://tinyurl.com/yag47vxt from PacerMonitor.com at no charge. About Trinity Investment Trinity Investment Group, LLC, is a privately held company in Bluffton, Indiana that operates under the restaurants and other eating places industry. Trinity Investment Group filed a Chapter 11 petition (Bankr. N.D. Ind. Case No. 18-10627) on April 13, 2018. In the petition signed by James E. Miller II, president, the Debtor estimated $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Judge Robert E. Grant presides over the case. Daniel J. Skekloff, Esq., and Scot T. Skekloff, Esq., at Haller & Colvin, PC, represent the Debtor. VERNON PARK: Authorized to Use Cash Collateral Until March 27 ------------------------------------------------------------- The Hon. Donald R. Cassling of the U.S. Bankruptcy Court for the Northern District of Illinois has entered a sixth order authorizing Vernon Park Church of God to use the cash collateral of Happy State Bank for the time period of Jan. 10, 2019 to March 27, 2019. The Debtor's continued use of cash collateral will be set for status hearing on March 26, 2019 at 10:00 a.m. The Debtor may use the cash collateral to pay its monthly expenditures totaling $83,312, which will be limited to those items or categories and amounts for each category as reflected in the Debtor's Interim Budget. The Debtor will have the right to spend an additional 10% of any budget line item. In the event the Debtor needs to make an expenditure that is more than 10% of any budget line item, the Debtor needs to obtain prior written consent of Happy State Bank before making the expenditure. Happy State Bank is granted replacement liens upon the property of the Debtor's estate and all the revenues, profits and avails generated therefrom after commencement of this case that will have the same validity, extent and priority as the liens held by the Happy State Bank on Petition Date. The Debtor will pay to Happy State Bank the amount of $26,000 every calendar month while the Order is in effect as adequate protection. The adequate protection payment will be divided into two equal payments of $13,000 each. Happy State Bank, as Trustee for the bondholders, is authorized to apply, escrow and/or disburse received adequate protection payments in accordance with the terms of the applicable Trust Indenture Agreement. The Debtor will provide to Happy State Bank on each monthly anniversary of the Sixth Order a report as to the Debtor's receipts and disbursements. A full-text copy of the Sixth Order is available at http://bankrupt.com/misc/ilnb17-35316-110.pdf About Vernon Park Church of God Based in Lynwood, Illinois, Vernon Park Church of God -- http://www.vpcog.org/-- is a religious organization. The Church's Sunday service is at 10:00 a.m., and Children's Church is held during Sunday service. Vernon Park Church of God filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-35316) on Nov. 28, 2017. In the petition signed by Jerald January Sr., pastor, the Debtor estimated assets and liabilities between $1 million and $10 million. The case is assigned to Judge Donald R. Cassling. The Debtor is represented by Karen J Porter, Esq., at Porter Law Network. VERRI CHIROPRACTIC: PCO Appointment Not Necessary, Pa. Judge Says ----------------------------------------------------------------- Judge Thomas P. Agresti of the U.S. Bankruptcy Court for the Western District of Pennsylvania ruled that the appointment of a patient care ombudsman is not necessary for Verri Chiropractic Associates, LP. The Court decision was made without prejudice to a later filing of the U.S. Trustee or a party in interest finding that the appointment of a patient care ombudsman for the Debtor becomes necessary. Based in Philadelphia, Pennsylvania, Verri Chiropractic Associates, LP, filed a voluntary Chapter 11 petition (Bankr. W.D. Pa. Case No. 19-20199) on January 15, 2019, and is represented by: Mary Bower Sheats, Esq. Mary Bower Sheats, Attorney At Law Tel: 412-281-7266 Email: mary@mbsheatslaw.com W.L. GOODFELLOWS: Hires Flaster Greenberg as Attorney ----------------------------------------------------- W.L. Goodfellows and Co., Inc., seeks authority from the U.S. Bankruptcy Court for the District of New Jersey to employ Flaster Greenberg, P.C., as attorney to the Debtor. W.L. Goodfellows requires Flaster Greenberg to: -- represent the Debtor in instant Chapter 11 proceeding including, but not limited to, preparation of petition, first-day motions, all pleadings required throughout the Chapter 11 case; and -- prepare the Plan of Reorganization and Disclosure Statement and seek confirmation of Plan of Reorganization. Flaster Greenberg will be paid at these hourly rates: Attorneys $315 to $650 Paralegals $250 to $305 Flaster Greenberg will also be reimbursed for reasonable out-of-pocket expenses incurred. E. Richard Dressel, partner of Flaster Greenberg, P.C., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Flaster Greenberg can be reached at: E. Richard Dressel, Esq. FLASTER GREENBERG P.C. 1810 Chapel Avenue Cherry Hill, NJ 08002-4609 Tel: (856) 661-1900 About W.L. Goodfellows and Co. W.L. Goodfellows and Co., Inc., filed a Chapter 11 bankruptcy petition (Bankr. D.N.J. Case No. 19-10961-JNP) on Jan. 16, 2019. The Debtor hired Flaster Greenberg, P.C., as attorney. WALK HILL/CANTERBURY: Hires Gary W. Cruichshank as Counsel ---------------------------------------------------------- Walk Hill/Canterbury Development, LLC, seeks authority from the U.S. Bankruptcy Court for the Eastern District of Massachusetts to employ the Law Office of Gary W. Cruichshank, as attorney to the Debtor. Walk Hill/Canterbury requires Gary W. Cruichshank to: a. assist and advise the Debtor in the formulation and presentation of a Plan of Reorganization and Disclosure Statement; b. advise the Debtor as to its duties and responsibilities as debtor-in-possession; and c. perform such other legal services as may be required during the course of the Chapter 11 case. Gary W. Cruichshank will be paid at these hourly rates: Attorneys $425 Paraprofessionals $150 Gary W. Cruichshank will be paid a retainer in the amount of $11,717. Gary W. Cruichshank will also be reimbursed for reasonable out-of-pocket expenses incurred. Gary W. Cruickshank, a partner at the Law Office of Gary W. Cruichshank, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Gary W. Cruichshank can be reached at: 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 E-mail: gwc@cruickshank-law.com About Walk Hill/Canterbury Development Walk Hill/Canterbury Development LLC, based in Roslindale, MA, filed a Chapter 11 petition (Bankr. D. Mass. Case No. 19-10057) on Jan. 8, 2019. In the petition signed by Nabil C. Boghos, manager, the Debtor estimated $1 million to $10 million in both assets and liabilities. The Hon. Joan N. Feeney oversees the case. Gary W. Cruickshank, Esq., at the Law Office of Gary W. Cruichshank, serves as bankruptcy counsel. WALL STREET THEATER: Modifies Treatment of CEN, Supertech Claims ---------------------------------------------------------------- The Bankruptcy Court has approved the modified Second Amended Chapter 11 Plan of Reorganization of Wall Street Theater Company, Inc., et al., on Jan. 24, according to the court docket. The Disclosure Statement explaining the Plan was approved earlier. Prior to confirming the Plan, the judge requested for modifications with respect to the treatment of the the disputed administrative claim of the Connecticut Education Network ("CEN") and Supertech, Inc. The only Administrative Claims are those of Debtors' professionals, the Disputed Administrative Claim of Wishneff, and the Disputed Administrative Claim of the CEN. On the Effective Date, the Debtors will escrow at least $75,000 for payment of professional fees in a segregated account with Patriot and not comingle said funds with other monies. The Professional Fee Escrow will be disbursed only upon further order of the Court. The Debtors and CEN have agreed that WST will assume the Network Access Service Agreement ("Agreement") between the State of Connecticut and WST dated August 24, 2016 that affords WST access to certain technology services only available to educational and non-profit entities. The amount due CEN for both pre-petition and post-petition services rendered through December 31, 2018 is $15,967 (the "Cure Amount"). Notwithstanding the requirements of 11 U.S.C. Section 365(b)(1)(A), CEN has agreed to accept the Cure Amount over 6 consecutive months (monthly payment of $2,661.17) commencing February 22, 2019. In the event that the Debtors fail to make any of the cure payments, CEN will have the right to terminate the Agreement in accordance with the Terms and Conditions set forth in the Agreement." The Class 4 Disputed Secured Claim of Supertech will be treated in accordance with Paragraph 18 hereof, and Supertech will be granted an Unsecured Claim and treated in accordance with Section 5.8.4 of the Plan. SuperTech will have an allowed unsecured claim in the amount of $346,518.00 and will be entitled to payment of ten percent (10%), $34,652.00 on the Plan Distribution Date. SuperTech's disputed mechanic's lien will be extinguished pursuant to Bankruptcy Code Sections 506(d) and 1141(c). SuperTech is not a party to the Master Settlement Agreement. Upon the occurrence of the Effective Date, the Debtors waive and fully release any and all claims and causes of action, both asserted and unasserted, known and unknown, against Supertech, as well as its officers, agents, servants, employees, subcontractors and vendors, concerning goods and/or services furnished (or to be furnished) by Supertech, and/or that Supertech was obligated to furnish, in connection with the Property, and/or that could have been asserted in Debtors' Supertech Claim Objection." Because Patriot Bank's Allowed Secured Claim is $8,800,000.00, and the fair market value of all of the Debtors' assets is less than the amount of Patriot's Allowed Secured Claim, no secured creditor other than Patriot is entitled to a Secured Claim. Expect for Patriot, pursuant to Section 1141(c), the property dealt with by the Plan (including the real property known as 71 Wall Street, Norwalk, Connecticut) shall be, and is, free and clear of all liens, claims, and encumbrances. A redlined version of the Plan Modifications is available at https://tinyurl.com/yc2op4q4 from PacerMonitor.com at no charge. A redlined version of the proposed plan confirmation order is available at https://tinyurl.com/ycfbz5w4 from PacerMonitor.com at no charge. A full-text copy of the Disclosure Statement dated January 7, 2019, is available at https://tinyurl.com/y8m3sd7g 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. WAYMAN LAND: Seeks to Extend Exclusive Filing Period by 60 Days --------------------------------------------------------------- Wayman Land & Livestock, LLC asked the U.S. Bankruptcy Court for the District of Wyoming to extend by 60 days from Jan. 23 the period during which it has the exclusive right to file a plan of reorganization. "Given 60 days, counsel is confident a viable Chapter 11 plan can be put on the table," said Wayman Land's attorney, Ken McCartney, Esq., at The Law Offices of Ken McCartney, P.C., in Cheyenne, Wyoming. About Wayman Land & Livestock LLC Wayman Land & Livestock, LLC, is a privately-held company engaged in cattle ranching and farming. Wayman Land & Livestock sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Wyo. Case No. 18-20769) on September 25, 2018. In the petition signed by Richard Kehoe Wayman, member, the Debtor disclosed $4,799,580 in assets and $2,951,915 in liabilities. Judge Cathleen D. Parker presides over the case. The Debtor tapped The Law Offices of Ken McCartney, P.C. as its legal counsel. WESTMORELAND COAL: Exclusivity Period Extended ---------------------------------------------- Judge David Jones of the U.S. Bankruptcy Court for the Southern District of Texas granted the request of Westmoreland Coal Company to extend the period during which the "WMLP Debtors" have the exclusive right to file a plan through June 6, and to solicit acceptances for the plan through August 5. Meanwhile, the bankruptcy judge extended the exclusivity period for the "WLB Debtors" to file a plan through April 30. The WLB Debtors can solicit acceptances for the plan through June 29. About Westmoreland Coal Company Based in Englewood, Colorado, Westmoreland Coal Company (otcmkts:WLBA) -- http://www.westmoreland.com/-- is an independent coal company based in the United States. The Company produces and sells thermal coal primarily to investment grade utility customers under long-term, cost-protected contracts. Its focus is primarily on mine locations which allow it to employ dragline surface mining methods and take advantage of close customer proximity through mine-mouth power plants and strategically located rail transportation. At Dec. 31, 2017, the Company's U.S. coal operations were located in Montana, Wyoming, North Dakota, Texas, New Mexico and Ohio, and its Canadian coal operations were located in Alberta and Saskatchewan. The Company sold 49.7 million tons of coal in 2017. Westmoreland Coal reported a net loss applicable to common shareholders of $71.34 million for the year ended Dec. 31, 2017, a net loss applicable to common shareholders of $27.10 million for the year ended Dec. 31, 2016, and a net loss applicable to common stockholders of $213.6 million for the year ended Dec. 31, 2015. As of June 30, 2018, the Company had $1.45 billion in total assets, $2.14 billion in total liabilities and a total deficit of $686.2 million. Westmoreland Coal Company and 36 affiliates filed voluntary Chapter 11 petition (Bankr. S.D. Tex., Case No. 18-35672) on October 9, 2018. The Debtors tapped Jackson Walker LLP and Kirkland & Ellis LLP and Kirkland & Ellis International LLP as their legal counsel; Centerview Partners LLC as financial advisor; Alvarez & Marsal North America, LLC as restructuring advisor; PricewaterhouseCoopers LLP as consultant; and Donlin, Recano & Company, Inc. as notice and claims agent. The Office of the U.S. Trustee appointed an official committee of unsecured creditors on Oct. 19, 2018. The Committee tapped Morrison & Foerster LLP and Cole Schotz P.C. as its legal counsel. WILSON MANIFOLDS: Seeks More Time to File Plan, Solicit Votes ------------------------------------------------------------- Wilson Manifolds, Inc. and its president Keith Wilson asked the U.S. Bankruptcy Court for the Southern District of Florida to extend by 60 days the period during which they have the exclusive right to file a plan of reorganization and solicit votes for the plan. The current exclusive filing period for the company and Mr. Wilson expired on Jan. 19 and they have to solicit votes for their plan by March 20. Since its bankruptcy filing, the company has made progress to reorganize its business affairs. Specifically, Wilson Manifolds has reached agreements with its two largest creditors BB&T Bank and TCF Equipment Finance that will provide the company with financial relief. Moreover, the company has had its assets appraised and has engaged in negotiations with potential investors and purchasers, according to court filings. About Wilson Manifolds Inc. Wilson Manifolds, Inc. manufactures products for the automotive and racing industries. It specializes in custom-built and installed parts for high-performance vehicles. Wilson Manifolds sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-21658) on Sept. 21, 2018. The case is jointly administered with the Chapter 11 case of Keith D. Wilson, the company's president (Bankr. S.D. Fla. Case No.18-21662). In the petition signed by Mr. Wilson, Wilson Manifolds estimated assets of less than $50,000 and liabilities of $1 million to $10 million. Wilson Manifolds tapped Hoffman, Larin & Agnetti, P.A. as legal counsel; Siegelaub, Rosenberg, Golding & Feller, P.A. as accountant; and Moecker Auctions, Inc. as appraiser. No official committee of unsecured creditors has been appointed. WOODLAWN COMMUNITY: Hires KMA Bodilly as Tax Service Provider ------------------------------------------------------------- Woodlawn Community Development Corp., seeks authority from the U.S. Bankruptcy Court for the Northern District of Illinois to employ KMA Bodilly CPAs & Consultants S.C., as tax service provider to the Debtor. Woodlawn Community requires KMA Bodilly to: -- complete the Debtor's 2016 and 2017 certified audits; and -- prepare the Debtor's Form 990 Tax Returns KMA Bodilly will be paid $5,000 for services rendered. KMA Bodilly will also be reimbursed for reasonable out-of-pocket expenses incurred. Moarij A. Khan, partner of KMA Bodilly CPAs & Consultants S.C., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. KMA Bodilly can be reached at: Moarij A. Khan KMA BODILLY CPAS & CONSULTANTS S.C. 5600 N. River Road, Suite 800 Rosemont, IL 60018 Tel: (608) 664-1040 About Woodlawn Community Development Corp. Founded in 1972, Woodlawn Community Development Corp. -- https://www.wcdcchicago.com/ -- manages and develops affordable housing for families in the Greater Metro Chicago area. Woodlawn Community Development Corp., based in Chicago, Illinois, filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 18-29862) on Oct. 24, 2018. In the petition signed by Leon Finney, Jr., president and CEO, the Debtor estimated $50 million to $100 million in both assets and liabilities. The Hon. Carol A. Doyle oversees the case. David R. Herzog, Esq., at Herzog & Schwartz, P.C., serves as bankruptcy counsel to the Debtor. YUMA ENERGY: Paul McKinney Quits as President and COO ----------------------------------------------------- Mr. Paul D. McKinney resigned from his positions as president and chief operating officer of Yuma Energy, Inc. to pursue other opportunities, as disclosed in a Form 8-K filed with the Securities and Exchange Commission. About Yuma Energy Yuma Energy, Inc. -- http://www.yumaenergyinc.com/-- is an independent Houston-based exploration and production company focused on acquiring, developing and exploring for conventional and unconventional oil and natural gas resources. Historically, the Company's operations have focused on onshore properties located in central and southern Louisiana and southeastern Texas where it has a long history of drilling, developing and producing both oil and natural gas assets. More recently, the Company has begun acquiring acreage in Yoakum County, Texas, with plans to explore and develop oil and natural gas assets in the Permian Basin. The Company has operated positions in Kern County, California, and non-operated positions in the East Texas Woodbine and the Bakken Shale in North Dakota. Its common stock is listed on the NYSE American under the trading symbol "YUMA." Yuma incurred a net loss attributable to common stockholders of $6.80 million in 2017 following a net loss attributable to common stockholders of $42.65 million in 2016. As of Sept. 30, 2018, the Company had $83.34 million in total assets, $47.58 million in total current liabilities, $11.31 million in total other non-current liabilities, and $24.44 million in total equity. Liquidity and Capital Resources The Company's primary and potential sources of liquidity include cash on hand, cash from operating activities, borrowings under its revolving credit facility, proceeds from the sales of assets, and potential proceeds from capital market transactions, including the sale of debt and equity securities. The Company's cash flows from operating activities are subject to significant volatility due to changes in commodity prices, as well as variations in its production. The Company is subject to a number of factors that are beyond its control, including commodity prices, its bank's determination of its borrowing base, production declines, and other factors that could affect its liquidity and ability to continue as a going concern. As of Sept. 30, 2018, the credit facility had a borrowing base of $35.0 million. On Oct. 9, 2018, the Company received a notice and reservation of rights from the administrative agent under its Credit Agreement advising that an event of default has occurred and continues to exist by reason of the Company's noncompliance with the liquidity covenant requiring it to maintain cash and cash equivalents and borrowing base availability of at least $4.0 million. As a result of the default, the lenders may accelerate the outstanding balance under the Credit Agreement, increase the applicable interest rate by 2.0% per annum or commence foreclosure on the collateral securing the loans. As of Nov. 14, 2018, the lenders have not accelerated the outstanding amount due and payable on the loans, increased the applicable interest rate or commenced foreclosure proceedings, but they may exercise one or more of these remedies in the future. The Company intends to commence discussions with the lenders under the Credit Agreement concerning a forbearance agreement or waiver of the event of default; however, there can be no assurance that the Company and the lenders will come to any agreement regarding a forbearance or waiver of the event of default. The Company initiated several strategic alternatives to mitigate our limited liquidity, its financial covenant compliance issues, and to provide it with additional working capital to develop its existing assets. During the second quarter of 2018, the Company agreed to sell its Kern County, California properties for $4.7 million in gross proceeds and the buyer's assumption of certain plugging and abandonment liabilities of approximately $864,000, and received a non-refundable deposit of $275,000. The sale did not close as scheduled, and the buyer forfeited the deposit. The Company currently anticipates that it will close the sale with the same buyer in the fourth quarter of 2018 on re-negotiated terms. Upon closing, the Company anticipates that the majority of the proceeds will be applied to the repayment of borrowings under the credit facility; however, there can be no assurance that the transaction will close. On Aug. 20, 2018, the Company sold its 3.1% leasehold interest consisting of 9.8 net acres in one section in Eddy County, New Mexico for $127,400. On Oct. 23, 2018, the Company sold substantially all of its Bakken assets in North Dakota for approximately $1.16 million in gross proceeds and the buyer's assumption of certain plugging and abandonment liabilities of approximately $15,200. The Bakken assets represent approximately 12 barrels of oil equivalent per day of its production in the third quarter. On Oct. 24, 2018, the Company sold certain deep rights in undeveloped acreage located in Grady County, Oklahoma for approximately $120,000. Proceeds of $1.0 million from these non-core asset sales were applied to the repayment of borrowings under the credit facility in October 2018, bringing the current outstanding balance and borrowing base under the credit facility to $34.0 million, with the balance of the proceeds used for working capital purposes. In addition, the Company has reduced its personnel by nine employees since Dec. 31, 2017, a 26% decrease. This brings the Company's headcount to 25 employees as of Sept. 30, 2018. The Company have taken additional steps to further reduce its general and administrative costs by reducing subscriptions, consultants and other non-essential services, as well as eliminating certain of its capital expenditures planned for 2018. On Oct. 22, 2018, the Company retained Seaport Global Securities LLC as its exclusive financial advisor and investment banker in connection with identifying and potentially implementing various strategic alternatives to improve its liquidity issues and the possible disposition, acquisition or merger of the Company or its assets. "We plan to take further steps to mitigate our limited liquidity, which may include, but are not limited to, further reducing or eliminating capital expenditures; selling additional assets; further reducing general and administrative expenses; seeking merger and acquisition related opportunities; and potentially raising proceeds from capital markets transactions, including the sale of debt or equity securities. There can be no assurance that the exploration of strategic alternatives will result in a transaction or otherwise improve our limited liquidity," the Company stated in its Quarterly Report for the period ended Sept. 30, 2018. [^] BOND PRICING: For the Week from January 21 to 25, 2019 ---------------------------------------------------------- Company Ticker Coupon Bid Price Maturity ------- ------ ------ --------- -------- Acosta Inc ACOSTA 7.750 19.662 10/1/2022 Acosta Inc ACOSTA 7.750 19.550 10/1/2022 Alpha Appalachia Holdings LLC ANR 3.250 2.048 8/1/2015 BPZ Resources Inc BPZR 6.500 3.017 3/1/2049 BPZ Resources Inc BPZR 6.500 3.017 3/1/2015 Bon-Ton Department Stores Inc/The BONT 8.000 8.000 6/15/2021 Cenveo Corp CVO 6.000 25.851 8/1/2019 Cenveo Corp CVO 8.500 1.311 9/15/2022 Cenveo Corp CVO 6.000 25.851 8/1/2019 Cenveo Corp CVO 6.000 0.894 5/15/2024 Cenveo Corp CVO 8.500 1.311 9/15/2022 Chesapeake Energy Corp CHK 2.250 96.500 12/15/2038 Chukchansi Economic Development Authority CHUKCH 9.750 60.000 5/30/2020 Chukchansi Economic Development Authority CHUKCH 10.250 60.105 5/30/2020 Clearway Energy Inc CWENA 3.500 100.000 2/1/2019 Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp CLD 12.000 49.642 11/1/2021 Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp CLD 6.375 15.642 3/15/2024 DBP Holding Corp DBPHLD 7.750 39.250 10/15/2020 DBP Holding Corp DBPHLD 7.750 39.250 10/15/2020 DFC Finance Corp DLLR 10.500 65.000 6/15/2020 DFC Finance Corp DLLR 10.500 65.000 6/15/2020 EXCO Resources Inc XCOO 7.500 19.675 9/15/2018 EXCO Resources Inc XCOO 8.500 22.000 4/15/2022 Egalet Corp EGLT 5.500 10.000 4/1/2020 Emergent Capital Inc EMGC 8.500 97.396 2/15/2019 Energy Conversion Devices Inc ENER 3.000 7.875 6/15/2013 Energy Future Intermediate Holding Co LLC / EFIH Finance Inc TXU 9.750 38.750 10/15/2019 Federal Home Loan Banks FHLB 1.000 99.395 1/30/2019 Federal Home Loan Mortgage Corp FHLMC 3.220 99.558 4/27/2023 Fleetwood Enterprises Inc FLTW 14.000 3.557 12/15/2011 GenOn Energy Inc GENONE 9.875 62.212 10/15/2020 Hexion Inc HXN 13.750 47.483 2/1/2022 Hexion Inc HXN 9.200 60.000 3/15/2021 Hexion Inc HXN 13.750 48.283 2/1/2022 Homer City Generation LP HOMCTY 8.137 38.750 10/1/2019 Hornbeck Offshore Services Inc HOS 5.875 61.785 4/1/2020 Hornbeck Offshore Services Inc HOS 5.000 47.481 3/1/2021 Hornbeck Offshore Services Inc HOS 1.500 81.250 9/1/2019 Jones Energy Holdings LLC / Jones Energy Finance Corp JONE 6.750 12.901 4/1/2022 Jones Energy Holdings LLC / Jones Energy Finance Corp JONE 9.250 12.583 3/15/2023 KB Home KBH 1.375 99.960 2/1/2019 LBI Media Inc LBIMED 11.500 3.500 4/15/2020 Legacy Reserves LP / Legacy Reserves Finance Corp LGCY 8.000 51.901 12/1/2020 Legacy Reserves LP / Legacy Reserves Finance Corp LGCY 6.625 47.231 12/1/2021 Lehman Brothers Holdings Inc LEH 2.000 3.326 3/3/2009 Lehman Brothers Holdings Inc LEH 5.000 3.326 2/7/2009 Lehman Brothers Holdings Inc LEH 2.070 3.326 6/15/2009 Lehman Brothers Holdings Inc LEH 1.383 3.326 6/15/2009 Lehman Brothers Holdings Inc LEH 1.500 3.326 3/29/2013 Lehman Brothers Holdings Inc LEH 4.000 3.326 4/30/2009 Lehman Brothers Holdings Inc LEH 1.600 3.326 11/5/2011 Lehman Brothers Inc LEH 7.500 1.226 8/1/2026 MF Global Holdings Ltd MF 6.250 14.279 8/8/2016 MF Global Holdings Ltd MF 9.000 14.250 6/20/2038 MModal Inc MODL 10.750 6.125 8/15/2020 Mashantucket Western Pequot Tribe MASHTU 7.350 15.500 7/1/2026 Monitronics International Inc MONINT 9.125 27.632 4/1/2020 Murray Energy Corp MURREN 11.250 59.657 4/15/2021 Murray Energy Corp MURREN 9.500 58.168 12/5/2020 Murray Energy Corp MURREN 11.250 59.693 4/15/2021 Murray Energy Corp MURREN 9.500 58.168 12/5/2020 Neiman Marcus Group Ltd LLC NMG 8.000 41.148 10/15/2021 Neiman Marcus Group Ltd LLC NMG 8.000 40.608 10/15/2021 OMX Timber Finance Investments II LLC OMX 5.540 3.150 1/29/2020 Oldapco Inc APPPAP 9.000 1.513 6/1/2020 Orexigen Therapeutics Inc OREXQ 2.750 0.250 12/1/2020 Orexigen Therapeutics Inc OREXQ 2.750 0.300 12/1/2020 PHI Inc PHII 5.250 66.956 3/15/2019 PaperWorks Industries Inc PAPWRK 9.500 53.835 8/15/2019 PaperWorks Industries Inc PAPWRK 9.500 53.835 8/15/2019 Parker Drilling Co PKD 7.500 57.500 8/1/2020 Pernix Therapeutics Holdings Inc PTX 4.250 0.750 4/1/2021 Pernix Therapeutics Holdings Inc PTX 4.250 0.500 4/1/2021 PetroQuest Energy Inc PQUE 10.000 28.000 2/15/2021 PetroQuest Energy Inc PQUE 10.000 28.750 2/15/2021 PetroQuest Energy Inc PQUE 10.000 28.750 2/15/2021 Powerwave Technologies Inc PWAV 2.750 0.155 7/15/2041 Powerwave Technologies Inc PWAV 1.875 0.155 11/15/2024 Powerwave Technologies Inc PWAV 1.875 0.155 11/15/2024 Renco Metals Inc RENCO 11.500 24.750 7/1/2003 Rolta LLC RLTAIN 10.750 11.666 5/16/2018 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 7.125 32.188 11/1/2020 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 9.082 36.000 8/1/2019 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 7.375 33.297 11/1/2021 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 7.125 30.942 11/1/2020 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 9.082 38.829 8/1/2019 Sable Permian Resources Land LLC / AEPB Finance Corp AMEPER 7.375 32.159 11/1/2021 Sanchez Energy Corp SN 6.125 21.895 1/15/2023 Sanchez Energy Corp SN 7.750 26.317 6/15/2021 SandRidge Energy Inc SD 7.500 0.867 2/15/2023 Sears Holdings Corp SHLD 8.000 10.475 12/15/2019 Sempra Texas Holdings Corp TXU 5.550 13.500 11/15/2014 SiTV LLC / SiTV Finance Inc NUVOTV 10.375 24.438 7/1/2019 SiTV LLC / SiTV Finance Inc NUVOTV 10.375 25.000 7/1/2019 Sungard Availability Services Capital Inc SUNASC 8.750 16.019 4/1/2022 Sungard Availability Services Capital Inc SUNASC 8.750 16.019 4/1/2022 Synergy Pharmaceuticals Inc SGYP 7.500 53.250 11/1/2019 TRU Taj LLC / TRU Taj Finance Inc TOY 12.000 57.250 8/15/2021 TRU Taj LLC / TRU Taj Finance Inc TOY 12.000 56.000 8/15/2021 TTX Co TTXCO 2.250 99.190 2/1/2019 TTX Co TTXCO 2.250 99.538 2/1/2019 TerraVia Holdings Inc TVIA 6.000 4.644 2/1/2018 Toys R Us - Delaware Inc TOY 8.750 3.000 9/1/2021 Toys R Us Inc TOY 7.375 3.000 10/15/2018 Transworld Systems Inc TSIACQ 9.500 25.872 8/15/2021 Transworld Systems Inc TSIACQ 9.500 25.872 8/15/2021 Ultra Resources Inc UPL 6.875 41.593 4/15/2022 Ultra Resources Inc UPL 6.875 41.149 4/15/2022 Union Electric Co AEE 6.700 99.641 2/1/2019 Walter Energy Inc WLTG 8.500 0.834 4/15/2021 Walter Energy Inc WLTG 9.875 0.834 12/15/2020 Walter Energy Inc WLTG 9.875 0.834 12/15/2020 Walter Energy Inc WLTG 9.875 0.834 12/15/2020 Washington Mutual Bank / Debt not acquired by JPMorgan WAMU 5.550 0.623 6/16/2010 Westmoreland Coal Co WLBA 8.750 39.375 1/1/2022 Westmoreland Coal Co WLBA 8.750 39.000 1/1/2022 iHeartCommunications Inc IHRT 9.000 65.000 12/15/2019 iHeartCommunications Inc IHRT 7.250 10.625 10/15/2027 iHeartCommunications Inc IHRT 14.000 12.000 2/1/2021 iHeartCommunications Inc IHRT 6.875 10.625 6/15/2018 iHeartCommunications Inc IHRT 14.000 11.654 2/1/2021 iHeartCommunications Inc IHRT 9.000 66.203 12/15/2019 iHeartCommunications Inc IHRT 9.000 66.203 12/15/2019 iHeartCommunications Inc IHRT 14.000 11.654 2/1/2021 iHeartCommunications Inc IHRT 9.000 66.203 12/15/2019 rue21 inc RUE 9.000 1.454 10/15/2021 ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2019. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $975 for 6 months delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***