/raid1/www/Hosts/bankrupt/TCR_Public/190321.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, March 21, 2019, Vol. 23, No. 79

                            Headlines

444 EAST 13: Tenants Seek Rejection of Proposed Amended Plan
870 MIDDLE ISLAND: Hires Weinberg Gross as Counsel
ACE CASH: Moody's Hikes CFR & Sr. Secured Debt Rating to B3
ADT INC: Moody's Rates New $1.25BB Sr. Unsecured Notes B3
AGILE THERAPEUTICS: Regains Compliance with Nasdaq Listing Rule

ALL SYSTEMS FIRE: U.S. Trustee Unable to Appoint Committee
AMYRIS INC: Delays Filing of 2018 Form 10-K
AMYRIS INC: Reports Preliminary Results for Q4 and Full Year 2018
ARCHBISHOP OF AGANA: Committee Hires Stinson Leonard as Counsel
ARCHBISHOP OF AGANA: Panel Hires William Gavras as Local Counsel

ARIZONA SOUTHWEST: U.S. Trustee Unable to Appoint Committee
AVON PRODUCTS: Fitch Affirms 'B+' IDR & Alters Outlook to Negative
BESORAT INVESTMENTS: Hires Resnik Hayes as Bankruptcy Counsel
BIOSCRIP INC: Coliseum Capital Has 16.4% Stake as of March 14
BLACKWATER TECHNOLOGIES: U.S. Trustee Unable to Appoint Committee

BLUCORA INC: Moody's Affirms B1 CFR & B1 Secured Loan Rating
BLUE CROWN: U.S. Trustee Unable to Appoint Creditors' Committee
BRIGHTHOUSE FINANCIAL: Fitch Rates $425MM Preferred Stock 'BB+'
BRIGHTHOUSE FINANCIAL: Moody's Rates $400MM Series A Stock Ba2(hyb)
BRISTOL HEALTHCARE: Hires Senior Living as Real Estate Broker

BUILTRITE BUILDERS: Hires Phases Accounting as Business Advisor
BW PROPERTY: U.S. Trustee Unable to Appoint Creditors' Committee
C & S JANITORIAL: Voluntary Chapter 11 Case Summary
CABOT OIL : Egan-Jones Raises Sr. Unsecured Debt Ratings to BB+
CALMARE THERAPEUTICS: CA Remands "GEOMC" Case to District Court

CATRINAS GROUP: Voluntary Chapter 11 Case Summary
CELLECTAR BIOSCIENCES: FDA Grants Import Alert Exemption for CLR
CENTER FOR PLASTIC SURGERY: US Trustee Unable to Appoint Committee
CLAY INTERNATIONAL: U.S. Trustee Unable to Appoint Committee
CLINTON NURSERIES: 14th Interim Cash Collateral Use Approved

CMP RECYCLING: Case Summary & 7 Unsecured Creditors
COCRYSTAL PHARMA: Delays Filing of 2018 Annual Report
COCRYSTAL PHARMA: Raymond Schinazi Has 34.5% Stake as of Jan. 10
COOL CONCEPTS: Hires McDonald Carano as Bankruptcy Counsel
COUNTRY MORNING: Seeks to Hire Bailey & Busey as Counsel

COUNTRY MORNING: Seeks to Hire Hames Anderson as Attorney
CR COMMERCIAL: Case Summary & 20 Largest Unsecured Creditors
CYRILLA LANDSCAPING: Hires Peter M. Habib as Accountant
CYTORI THERAPEUTICS: Chief Financial Officer Resigns
DIFFUSION PHARMACEUTICALS: Widens Net Loss to $26.6-Mil. in 2018

DIPLOMAT PHARMACY: S&P Cuts ICR to 'B' on Deteriorating Operations
DOUBLE EAGLE: Dismissal of Suit vs Markwest, et al., Recommended
DOVETAIL GALLERY: U.S. Trustee Unable to Appoint Committee
DSN INC: Case Summary & 18 Unsecured Creditors
EASTERN SHOE: U.S. Trustee Unable to Appoint Committee

ELLIE MAE: Fitch Assigns First-Time 'B+' IDR; Outlook Stable
ELLIE MAE: Moody's Assigns B3 CFR & Rates New $1.04BB Loans B2
ELLIE MAE: S&P Assigns 'B-' ICR on Thoma Bravo Acquisition
ENERGY FUTURE: S. Fenicle Substantial Contribution Bid Nixed
ENTERPRISE INSURANCE U.S. Trustee Unable to Appoint Committee

EVAN JOHNSON & SONS: Hires Advanced Solution as Accountant and IT
FACTORY DIRECT LOGISTICS: Needs Access to Kalamata Cash Collateral
FACTORY DIRECT LOGISTICS: Seeks Access to Lendini Cash Collateral
FACTORY DIRECT LOGISTICS: Seeks Access to Platinum Cash Collateral
FOURTH QUARTER: S. Thomas Not Credited with $3MM Payment, Ct. Rules

FREEDOM MORTGAGE: S&P Affirms 'B-' Long-Term ICR, Outlook Stable
GMAC MORTGAGE: Court Affirms Judgment Against Francine Silver
GOLDEN-GLO CARPET: Hires Joseph R. Viola as Bankruptcy Counsel
GOLF VIEW: Case Summary & 20 Largest Unsecured Creditors
GRAND DAKOTA PARTNERS: Files 2nd Modification to Amended Joint Plan

GRANT STREET: Hires McAuliffe & Associates as Counsel
HELIOS AND MATHESON: Reports Revised Q3 2018 Net Loss of $146.7-Mil
HORNBECK OFFSHORE: Egan-Jones Cuts Sr. Unsecured Debt Ratings to D
IMPERIAL 290: Case Summary & 18 Unsecured Creditors
INSCOPE INTERNATIONAL: Panel Hires Henry & O'Donnell as Counsel

IPS WORLDWIDE: Committee Hires Elliott Greenleaf as Counsel
JAGUAR HEALTH: Chicago Venture Has 9.9% Stake as of March 19
JAGUAR HEALTH: Upsizes Equity Line with Oasis by 8 Million Shares
JUST TOYS CLASSIC: Judge Denies Continued Cash Collateral Use
KAIROS HOMES: Has OK to Use Proceeds From Sale of Listed Properties

KMC TRUCKING: Amends Plan to Modify Treatment of BMO Secured Claim
KODIAK GAS: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
LEGACY RESERVES: S&P Downgrades ICR to 'CCC-', Outlook Negative
LIFETIME BRANDS: S&P Cuts Issuer Credit Rating 'B', Outlook Stable
LODESTONE OPERATING: Unsecureds to be Paid in Full Over 5 Years

MA ALTERNATIVE: U.S. Trustee Unable to Appoint Committee
MAJOR EVENTS: May 1 Plan Confirmation Hearing
MCCLATCHY CO: Issues Additional $74.9 Million Notes Due 2031
MYTAILOR.COM: Hires Christopher P. Walker as Bankruptcy Counsel
NEOVASC INC: Reducer Featured at ACC's Annual Meeting

NEW PITTS PLACE: Hunterview Files Amended Secured Claims
NIELSEN NV: Egan-Jones Lowers Senior Unsecured Debt Ratings to BB
NORVIEW BUILDERS: Hires William J. Factor as Bankruptcy Counsel
PETVET CARE: Moody's Completes Ratings Review, B3 CFR Retained
PINNACLE GROUP: Case Summary & 20 Largest Unsecured Creditors

PRESLEYLAND SPEEDPARK: Case Summary & 20 Top Unsecured Creditors
QLIK TECHNOLOGIES: Moody's Rates Proposed $465MM Secured Loans B3
READING EAGLE: Case Summary & 20 Largest Unsecured Creditors
RESTAURANT BRANDS: S&P Raises ICR to BB-, Alters Outlook to Pos.
ROYALTY PROPERTIES: Case Summary & 5 Unsecured Creditors

RUDALEV 2 REFINANCE: Seeks to Hire Schafer and Weiner as Counsel
SANFRED REALTY: Court Denies Disclosure Statement Approval
SAS HEALTHCARE: Seeks to Hire Haynes & Boone as Legal Counsel
SAS HEALTHCARE: Seeks to Hire Omni Management as Claims Agent
SAS HEALTHCARE: Taps Phoenix Management as Financial Advisor

SCIENTIFIC GAMES: Completes Offering of $1.1 Billion Notes
SEVEN OAKS: 2nd Cir. Affirms Denial of C. Licata Claim as Untimely
SOUTHCROSS ENERGY: Approves Retention Bonus Program for Executives
SS&C TECHNOLOGIES: Moody's Hikes Secured Bank Debt Ratings to Ba2
ST. PETER'S HOSPITAL: Moody's Affirms Ba1 Rating on $139MM Bonds

ST. STEPHEN'S CHURCH: Case Summary & 3 Unsecured Creditors
STONEHUNT LLC: April 24 Plan Confirmation Hearing
STONEMOR PARTNERS: Needs Additional Time to File its Form 10-K
T CAT ENTERPRISE: Cash Collateral Use Continued Until March 31
TAYLOR TOOLING: Case Summary & 20 Largest Unsecured Creditors

TRAILSIDE LODGING: U.S. Trustee Unable to Appoint Committee
TRINET GROUP: S&P Hikes ICR to BB on Better Performance, Leverage
US SILICA: Egan-Jones Lowers Senior Unsecured Ratings to BB
VIASAT INC: Fitch Rates $500MM 1st Lien Secured Notes 'BB+'
VIASAT INC: Moody's Affirms B2 CFR & Rates New $500MM Notes B1

W.E.N.I.M.M LCC: U.S. Trustee Unable to Appoint Committee
WALTON BUSINESS: April 19 Plan Confirmation Hearing
WILLIAMS PLUMBING: May Use BFS Capital Cash Collateral Thru Aug. 14
WILLIAMS PLUMBING: May Use Kabbage Cash Collateral Thru Aug. 14
WILLIAMS PLUMBING: May Use On Deck Cash Collateral Thru Aug. 14

WILLIAMS PLUMBING: May Use Par Funding Cash Collateral Thru Aug. 14
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

444 EAST 13: Tenants Seek Rejection of Proposed Amended Plan
------------------------------------------------------------
Tenants Adolfo Bello, Efren Patricia Ramirez, Vicente Bello Reyes,
Francisco Ibarra, Elena Bravo, Miguel Contreras, Hilda Gonzalez,
and Rosa Lopez filed an objection to 444 East 13 LLC's application
for order preliminarily approving its disclosure statement for its
amended plan of liquidation as modified.

The Tenants reside in a 16-unit residential apartment building,
located at 444 East 13th Street, New York, New York 10009 owned and
operated by the Debtor. Each Tenant resides in the Building
pursuant to valid rent-stabilized leases under New York's rent
stabilization laws and regulations.

The Debtor's Plan creates five classes of claims: (i) Class 1,
Priority Non-Tax Claims; (ii) Class 2, 444 Lender Secured Claim;
(iii) Class 3, Other Secured Claims; (iv) Class 4, Unsecured
Claims; and (v) Class 5, Interests. All classes, except for Class
1, are impaired under the Plan. The Plan provides that it “shall
be implemented by the sale of the Property pursuant to the Bid
Procedures . . . [or] the [APA]." In addition, the Plan
contemplates the sale of the Building "free and clear of Liens,
Claims and encumbrances" and "free and clear of any 'interests' in
the Property and the Debtor's estate, including any interests that
may remain after rejection of certain Leases . . . ."

The Building is to be sold at auction through a process governed by
the Bid Procedures. Alarmingly, the Debtor has provided no evidence
that it has undertaken a marketing process, and the Bid Procedures
allow only one week for marketing the Building before the deadline
to submit a bid.

The Tenants assert that the Debtor's proposed Plan and sale have
only one goal: to free the New York apartment building from the
Tenants' Leases. Having failed to get rid of the Tenants through
unlawful harassment and constructive eviction, the Debtor resorts
to misusing the Bankruptcy Code and the protections afforded
therein. By disregarding applicable non-bankruptcy law and
proposing a sale process that cannot possibly result in the highest
and best offer for the Building, the Debtor demonstrates a profound
lack of good faith. The Plan, unconfirmable as currently drafted,
and the transactions it contemplates must be rejected as abusive of
the bankruptcy process at the expense of the Tenants.

The Tenants request that the Court enter an order rejecting the
Plan, ordering the Debtor to revise the Bid Procedures to ensure
that the highest and best offer is obtained, and declaring that any
sale under section 363(f) shall be subject to the Tenants leasehold
interests.

A copy of the Tenants' Objection is available at
https://tinyurl.com/y4trwgs9 from Pacermonitor.com at no charge.

Counsel for the Tenants:

    Rachel Ehrlich Albanese, Esq.
    Jamila Justine Willis, Esq.
    DLA PIPER LLP (US)
    1251 Avenue of the Americas, 27th Floor
    New York, New York 10020
    Telephone: 212-335-4500
    Facsimile: 212-335-4501
    Email: rachel.albanese@dlapiper.com
    jamila.willis@dlapiper.com

        -and-

    Michael Leonard, Esq.
    URBAN JUSTICE CENTER
    123 William Street, 16th Floor
    New York, New York 10038
    Telephone: 646-459-3017
    Facsimile: 212-533-4598

                    About 444 East 13 LLC

444 East 13 LLC owns and operates a residential apartment building
located at 444 East 13th Street in the east village neighborhood of
Manhattan, New York.  The property is valued at $11 million.

E. 9th St. Holdings owns and operates a residential apartment
building located at 332 East 9th Street in the east village
neighborhood of Manhattan, New York, valued at $8.82 million.

Meanwhile, E. 10th St. Holdings owns and operates a residential
apartment building located at 251 East 10th Street in the east
village neighborhood of Manhattan, New York, which is valued at
$7.5 million.

The properties are encumbered by mortgages to 444 Lender LLC and E.
Village Lender LLC (assigned to Metropolitan Commercial Bank).

E. 9th St. Holdings, E. 10th St. Holdings and 444 East sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Case Nos. 17-23141 to 17-23143) on July 21, 2017.  David
Goldwasser, authorized signatory of GC Realty Advisors LLC, manager
signed the petitions.

At the time of the filing, E. 9th St. Holdings disclosed $8,850,000
in total assets and $6,020,000 in total liabilities.  E. 10th St.
Holdings listed $7,590,000 in total assets and $3,980,000 in total
liabilities.  444 East 13 LLC disclosed $11,030,000 in total assets
and $8,980,000 in total debt.

Judge Robert D. Drain presides over the cases.

Robinson Brog Leinwand Greene Genovese & Gluck, P.C., is the
Debtors' bankruptcy counsel.  Sheldon Lobel PC, is the special
zoning counsel.

On Nov. 17, 2017, E. 9th St. filed its proposed Chapter 11 plan of
liquidation and disclosure statement.


870 MIDDLE ISLAND: Hires Weinberg Gross as Counsel
--------------------------------------------------
870 Middle Island Produce Corp., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of New York to employ
Weinberg Gross & Pergament LLP, as counsel to the Debtor.

870 Middle Island requires Weinberg Gross to:

   a. provide legal advice with respect to the powers and duties
      of the Debtor-in-Possession in the continued management of
      its business and property;

   b. represent the Debtor before the Bankruptcy Court and at all
      hearings on matters pertaining to its affairs, as Debtor-
      in-Possession, including prosecuting and defending
      litigated matters that may arise during the Chapter 11
      case;

   c. advise and assist the Debtor in the preparation and
      negotiation of a Plan of Reorganization with its creditors;

   d. prepare all necessary or desirable applications, answers,
      orders, reports, documents and other legal papers; and

   e. perform all other legal services for the Debtor which may
      be desirable and necessary.

Weinberg Gross will be paid at these hourly rates:

     Partners                $495 to $575
     Senior Associates          $425
     Associates                 $120
     Paralegals                 $120

Weinberg Gross will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Marc A. Pergament, partner of Weinberg Gross & Pergament 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 Debtor and its estates.

Weinberg Gross can be reached at:

     Marc A. Pergament, Esq.
     WEINBERG GROSS & PERGAMENT LLP
     400 Garden City Plaza, Suite 403
     Garden City, NY 11530
     Tel: (516) 877-2424

                    About 870 Middle Island
                      and 379 Horseblock

870 Middle Island Produce Corp. operates a supermarket at 868
Middle Country Road, Middle Island, New York. Affiliate 379
Horseblock Produce Corp. operates a supermarket at 379 Horseblock
Road, Farmingville, New York.

870 Middle Island Produce Corp. and 379 Horseblock Produce Corp.
filed voluntary petitions seeking relief under Chapter 11 of the
Bankruptcy Code (Bankr. Case Nos. 19-71008 and 19-71009) on Feb.
11, 2019.  In the petitions signed by David Corona, president, each
of the Debtors estimated up to $50,000 in assets and $1 million to
$10 million in liabilities.

The Case No. 19-71008 is assigned to Judge Alan S. Trust and Case
No. 19-71009 is assigned to Judge Robert E. Grossman.

The Debtors tapped Marc A. Pergament, Esq. at Weinberg Gross &
Pergament LLP, as counsel.


ACE CASH: Moody's Hikes CFR & Sr. Secured Debt Rating to B3
-----------------------------------------------------------
Moody's Investors Service has upgraded Ace Cash Express, Inc.'s
corporate family rating and senior secured debt rating to B3 from
Caa1. The outlook is stable.

Moody's has also withdrawn the outlooks on ACE's senior secured
debt rating and corporate family rating for its own business
reasons. Please refer to the Moody's Investors Service's Policy for
Withdrawal of Credit Ratings, available on its website,
www.moodys.com.

Upgrades:

Issuer: Ace Cash Express, Inc.

  Corporate Family Rating, Upgraded to B3 from Caa1

  Senior Secured Regular Bond/Debenture, Upgraded to B3 from Caa1

Outlook Actions:

Issuer: Ace Cash Express, Inc.

  Outlook, Remains Stable

RATINGS RATIONALE

The upgrade of ACE's corporate family rating to B3 from Caa1
reflects a continued progress the company has made in transitioning
its portfolio from payday loans towards longer-term installment
loans, while maintaining strong profitability with minimum amounts
of restructuring and other unforeseen operating expenses, and
reducing its leverage through debt repurchases. While ACE still had
higher reliance on payday loans compared to peers as of year-end
2018, Moody's expects the company to continue to transition to
longer-term installment lending, without incurring
higher-than-anticipated credit losses.

After ACE repurchased $35 million of its senior secured notes in
the original amount of $350 million in December 2018, its debt to
twelve-month EBITDA leverage declined to less than 3x,
substantially below the peer median. Positively, ACE has no term
debt maturities until 2022, when its senior secured notes mature.

As is the case for other payday lenders, ACE faces a high
regulatory risk, both at the federal and state level, given its
high-cost lending business model, which presents a rating
constraint. In addition, Moody's views ACE's weak capitalization,
with a substantial tangible equity deficit, as a key credit
weakness. Partially mitigating this concern is the fact that ACE
derives a substantial portion of its revenues from non-lending
businesses, such as prepaid card services and cash checking, which
are not capital-intensive businesses and carry limited credit
risk.

WHAT COULD CHANGE THE RATINGS UP/DOWN

ACE's ratings could be upgraded if it eliminates its tangible
common equity deficit and continues to demonstrate a successful
transition to underwriting-based installment lending, as evidenced
by solid and stable profitability with minimum amounts of
restructuring and other unforeseen operating expenses, with
well-managed asset quality and sufficient liquidity.

ACE's ratings could be downgraded if the company's financial
performance meaningfully deteriorates and its liquidity weakens.


ADT INC: Moody's Rates New $1.25BB Sr. Unsecured Notes B3
---------------------------------------------------------
Moody's Investors Service assigned B3 ratings to Prime Security
Services Borrower, LLC's new $1.25 billion senior unsecured notes
due 2027. The company will use the proceeds from the issuance to
repay the $1.25 billion balance of its 9.25% second-lien senior
notes. Moody's plans to withdraw ratings on the second-lien senior
notes following the close of the transaction.

Assignments:

Issuer: Prime Security Services Borrower, LLC

  $1.25 billion senior unsecured notes, maturing 2027, Assigned B3

  (LGD6)

Outlook Actions:

Issuer: Prime Security Services Borrower, LLC

  Outlook, Remains Stable

RATINGS RATIONALE

ADT's B1 CFR reflects the substantial, nearly $20 million in
interest savings, as well as debt-maturity extensions, that the
proposed exchange of second-lien debt for unsecured notes will
represent for the company. ADT's credit profile reflects its
leading position in the North American residential alarm-monitoring
and home automation services market as well as continued
improvements in performance metrics, including moderate anticipated
revenue acceleration. Moody's notes, however, that effectively any
incremental first-lien debt issuance or similar reduction in
subordinated debt will likely cause ADT's first-lien senior secured
debt stack to be downgraded to B1, from Ba3, as a lower proportion
of debt subordinated to the first lien debt would provide lesser
ratings support or "cushion" for the first-lien debt.

With the late-2018 acquisition of Red Hawk, a leading provider of
security and fire-safety services to commercial customers, ADT's
commercial security unit will now represent about a quarter of its
$4.8 billion pro-forma 2018 revenue base. The move not only
improves ADT's revenue diversification but, given the attractive
economics of commercial services, will also improve attrition
rates, liquidity, and payback times. Ongoing efforts to delever
combined with relatively robust operating growth will help the
company to sustain debt-to-RMR (recurring monthly revenue) below 30
times, strong for the B1 Corporate Family Rating ("CFR").

The stable outlook, reflects sponsor Apollo's continued high
ownership interest in the company and the risks that that ownership
stake, still at 85%, implies. ADT's primary operating metrics --
revenue, attrition, creation multiples, steady-state-free-cash-flow
to debt leverage, and debt/RMR leverage -- improved in 2018 and
Moody's expects them to continue to do so through 2019. But the
risk of aggressive financial policy posed by Apollo's control of
the company outweighs upward ratings pressure.

ADT's SGL-2 Speculative Grade Liquidity rating reflects the
company's good liquidity. As of December 31, 2018, the company had
no drawings under its revolver, while it had built cash to $363
million. Proceeds from a recent $425 million incremental term loan
was used, in early February, for paying down $300 million of a
near-maturing piece of ADT's nearly $2.55 billion second-lien debt,
and $1.5 billion of recently issued first-lien secured notes along
with the issuance of the $1.25 billion unsecured notes will be used
to retire the remaining balance of the second-lien debt. Cash on
hand plus $125 million of incremental-term-loan proceeds were used
for the purchase of Red Hawk. We expect cash flow from operations,
less capital expenditures and subscriber growth spending, of more
than $500 million over the next year, representing, as a percentage
of Moody's adjusted debt, mid-single-digit levels. The company
should be able to generate even higher free cash flow in subsequent
years from improving creation multiples and industry-leading
attrition rates, and lower interest expenses.

The ratings could be upgraded if the company can sustain recent
operating momentum and maintain debt-to-RMR leverage below 30
times, and if Moody's anticipates that private-equity ownership in
the company will approach 50% or less. The ratings could face
downward pressure if additional dividend recapitalizations or large
debt-funded acquisitions are made, if debt-to-RMR is sustained
above 35 times, or if FCF-to-debt falls to the low-single-digit
percentages.

ADT, Inc. (formerly Prime Security Services Borrower, LLC) is the
leading provider of security, interactive automation, and
monitoring services for residential (primarily) and business
customers, and for independent security-alarm dealers on a
wholesale basis. The company was formed by the product of a May
2016, Apollo-backed combination of alarm monitors Protection 1 and
The ADT Security Corporation. Moody's expects the company's 2019
total monitoring, services, and equipment-installation revenue
(pro-forma for acquisitions) to be approximately $5.1 billion.


AGILE THERAPEUTICS: Regains Compliance with Nasdaq Listing Rule
---------------------------------------------------------------
Agile Therapeutics, Inc., received a letter from the Listing
Qualifications Department staff of the Nasdaq Stock Market on March
18, 2019, notifying the Company that the Staff has determined that
for 10 consecutive business days, from March 4, 2019 to March 15,
2019, the minimum closing bid price for the Company's common stock
was at least $1.00 per share.  Accordingly, the Staff has
determined that the Company has regained compliance with Listing
Rule 5550(a)(2) and it has indicated that this matter is now
closed.

                   About Agile Therapeutics

Agile Therapeutics, headquartered in Princeton, New Jersey --
http://www.agiletherapeutics.com/-- is a forward-thinking women's
healthcare company dedicated to fulfilling the unmet health needs
of today's women.  The Company's product candidates are designed to
provide women with contraceptive options that offer freedom from
taking a daily pill, without committing to a longer-acting method.
Its lead product candidate, Twirla, (ethinyl estradiol and
levonorgestrel transdermal system), also known as AG200-15, is a
once-weekly prescription contraceptive patch that has completed
Phase 3 trials.  The Company plans to resubmit its new drug
application, or NDA, for Twirla to the U.S. Food and Drug
Administration, or FDA, and seek FDA approval of the NDA in 2019.

Agile Therapeutics reported a net loss of $19.77 million for the
year ended Dec. 31, 2018, compared to a net loss of $28.30 million
for the year ended Dec. 31, 2017.  As of Dec. 31, 2018, Agile had
$22.39 million in total assets, $2.21 million in total liabilities,
and $20.17 million in total stockholders' equity.

Ernst & Young LLP, in Iselin, New Jersey, the Company's auditor
since 2010, issued a "going concern" qualification in its report on
the consolidated financial statements for the year ended Dec. 31,
2018, stating that the Company has suffered recurring losses from
operations, has experienced delays in the approval of its product
candidate and has stated that substantial doubt exists about the
Company's ability to continue as a going concern.


ALL SYSTEMS FIRE: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee on March 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of All Systems Fire Protection
Company, Inc.

            About All Systems Fire Protection Company

All Systems Fire Protection Company, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
19-20712) on February 26, 2019.  At the time of the filing, the
Debtor had estimated assets of less than $500,000 and liabilities
of less than $1 million.  

The case has been assigned to Judge Thomas P. Agresti.  Thompson
Law Group, P.C. is the Debtor's legal counsel.


AMYRIS INC: Delays Filing of 2018 Form 10-K
-------------------------------------------
Amyris, Inc., has filed a Notification of Late Filing on Form
12b-25 with respect to its Annual Report on Form 10-K for its
fiscal year ended Dec. 31, 2018.

Amyris was unable to file its Annual Report within the prescribed
time period without unreasonable effort and expense because of the
significant time and resources that were devoted to the accounting
for and disclosure of the significant transactions with Koninklijke
DSM N.V. that closed in November 2018.  The Company is also in the
process of completing its evaluation of internal control over
financial reporting for 2018 and finalizing related disclosures in
the Form 10-K.  These activities delayed the completion of the Form
10-K.

As previously disclosed, the Company has identified a material
weakness in its internal control over financial reporting, which
material weakness remains unremediated as of Dec. 31, 2018.  The
Company is in the process of completing its evaluation of internal
control over financial reporting and may have further deficiencies
to report.  In addition, the Company expects to continue to report
that there is substantial doubt about its ability to continue as a
going concern.

                        About Amyris, Inc.

Amyris, Inc., Emeryville, California, is an industrial
biotechnology company that applies its technology platform to
engineer, manufacture and sell natural, sustainably sourced
products into the health & wellness, clean skincare, and flavors &
fragrances markets.  The Company's proven technology platform
enables the Company to rapidly engineer microbes and use them as
catalysts to metabolize renewable, plant-sourced sugars into large
volume, high-value ingredients.  The Company's biotechnology
platform and industrial fermentation process replace existing
complex and expensive manufacturing processes.  The Company has
successfully used its technology to develop and produce five
distinct molecules at commercial volumes.

The report from the Company's independent accounting firm KPMG LLP,
the Company's auditor since 2017, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and has current debt service
requirements that raise substantial doubt about its ability to
continue as a going concern.

Amyris incurred net losses of $72.32 million in 2017, $97.33
million in 2016, and $217.95 million in 2016.  As of Sept. 30,
2018, Amyris had $122.7 million in total assets, $323.3 million in
total liabilities, $5 million in contingently redeemable common
stock, and a total stockholders' deficit of $205.6 million.


AMYRIS INC: Reports Preliminary Results for Q4 and Full Year 2018
-----------------------------------------------------------------
Amyris, Inc. issued a press release announcing the Company's
financial results for its fiscal quarter and year ended Dec. 31,
2018.

"Our results for the quarter and year are below expectations," said
John Melo, president and CEO of Amyris.  "The negative results for
the quarter and full year reflect the inability to recognize
revenue for a $50 million multi-party Vitamin E deal in China
during the fourth quarter.  Our financial results for the fourth
quarter were also impacted by a 30-day delay to our manufacturing
scale-up and production of our natural sweetener product.  The
sweetener issues were quickly resolved in the first quarter of 2019
with shipments occurring in the current quarter with strong
interest and demand for our sweetener."

Continued Melo, "We have undertaken a thorough review of our
business plan for 2019 and will take a more conservative approach
in assessing likely revenue opportunities.  This is the right
course of action to improve our business planning and also our
ability to hit our revenue targets."

Concluded Melo, "We are very pleased to have signed a significant
agreement in the cannabinoid market.  This agreement is yet another
example of a partner coming to us based on confidence in our
ability to develop and commercialize fermentation-based natural
products at significantly reduced cost."

Key Highlights

Other key recent operating and development highlights included:

    * Signed $300 million cannabinoid development, licensing and
      commercialization agreement with LAVVAN, Inc.

    * Announced that its zero calorie sweetener made from
sugarcane
      has received designation as GRAS (Generally Recognized as
      Safe) from the FDA, paving the way for the official launch
of
      the product in December to existing and growing demand.

    * Appointed industry veteran, Oreste Fieschi, as president,
      Sweeteners and Ingredients, to deliver accelerated growth.

    * Executed key additional partnerships with Camil Alimentos to
      deliver Amyris's sweetener to Brazilian consumers, Givuadan
to
      introduce a tabletop application to be sold by Camil, and
      Shaklee to formulate its protein shakes with the zero
calorie
      sweetener.

    * Agreed on a clear path to address Vitamin E and remove
      volatility going forward.

    * Closed on sale of $60 million of unsecured convertible senior

      notes debt solution.

Financial Performance (preliminary unaudited)

Fourth Quarter 2018

  * GAAP revenue for the fourth quarter of 2018 was $19.4 million,
    compared with $80.6 million for the fourth quarter of 2017,   

    which reflected the recognition of $57.3 million of revenue
from
    the multi-element license and value share (royalty) agreement
    with DSM during the fourth quarter of 2017.  Renewable
products
    revenue for the quarter was $12.1 million compared with $13.4
    million for the same period a year ago.  Grants and
    collaborations revenue was $6.0 million for the fourth quarter
    of 2018 compared with $9.4 million for the year-ago period.
    Licenses and royalties revenue of $1.2 million compared with
    $57.7 million for the fourth quarter of 2017.  Overall,
fourth-
    quarter revenue of $19.4 million compared with the same period
    in 2017 of $17.7 million when adjusted for the low margin
    product sales on contracts assigned to DSM and any one-time
    revenue.

  * Sales, general and administrative expenses were $27.0 million
    for the fourth quarter of 2018 compared with $19.0 million for
    year-ago period, primarily reflecting Biossance growth and an
    increase in headcount as well as one-time costs.  Research and
    development expenses of $18.1 million for the quarter were up
    from $12.8 million for the fourth quarter of 2017 due to
    increased R&D costs for product development and an increase in
    headcount to support it.

  * GAAP net loss attributable to Amyris common stockholders for
    the fourth quarter of 2018 was $53.2 million, or $0.72 per
    basic and $1.03 per diluted share, compared with a GAAP net
    loss attributable to Amyris common stockholders for the fourth

    quarter of 2017 of $2.9 million, or $0.06 per basic and
diluted
    share.

  * Non-GAAP net loss for the fourth quarter of 2018 was $56.1
    million, or $0.76 per basic share.  This excluded a gain from
    change in fair value of derivative instruments, loss upon
    extinguishment of debt, impairment, stock-based compensation
    expense, and cumulative dividends on preferred stock.  This
    compared with non-GAAP net income of $36.2 million, or $0.76
    per basic share for the fourth quarter of 2017.

Fiscal Year 2018

   * GAAP revenue for fiscal year 2018 was $80.4 million, compared

     with $143.4 million for 2017.  Revenue for fiscal year 2018 of

     $80.4 million compared with the same period in 2017 of $70.4
     million when adjusted for the loss-making product sales on
     contracts assigned to DSM and any one-time revenue.

   * GAAP net loss attributable to Amyris common stockholders for
     fiscal year 2018 was $212.6 million, or $3.52 per basic and
     diluted share.  Included were several large non-cash items,
     including loss from extinguishment of debt, a non-cash loss
     from changes in the fair value of derivatives, loss upon
     extinguishment of derivative liability, stock-based
     compensation expense, depreciation, impairment and
     amortization.  This compared to a net loss of $93.4 million,
or
     $2.89 per basic and diluted share for fiscal year 2017.

   * Non-GAAP net loss for fiscal year 2018, excluding the
non-cash
     items mentioned, was $143.7 million, or $2.38 per basic
share,
     compared to a non-GAAP net loss for fiscal year 2017 of $62.8

     million, or $1.95 per basic share.

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

                      https://is.gd/5AYjmK

                       About Amyris, Inc.

Amyris, Inc., Emeryville, California, is an industrial
biotechnology company that applies its technology platform to
engineer, manufacture and sell natural, sustainably sourced
products into the health & wellness, clean skincare, and flavors &
fragrances markets.  The Company's proven technology platform
enables the Company to rapidly engineer microbes and use them as
catalysts to metabolize renewable, plant-sourced sugars into large
volume, high-value ingredients.  The Company's biotechnology
platform and industrial fermentation process replace existing
complex and expensive manufacturing processes.  The Company has
successfully used its technology to develop and produce five
distinct molecules at commercial volumes.

The report from the Company's independent accounting firm KPMG LLP,
the Company's auditor since 2017, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and has current debt service
requirements that raise substantial doubt about its ability to
continue as a going concern.

Amyris incurred net losses of $72.32 million in 2017, $97.33
million in 2016, and $217.95 million in 2016.  As of Sept. 30,
2018, Amyris had $122.7 million in total assets, $323.3 million in
total liabilities, $5 million in contingently redeemable common
stock, and a total stockholders' deficit of $205.6 million.


ARCHBISHOP OF AGANA: Committee Hires Stinson Leonard as Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Archbishop of
Agana, seeks authorization from the U.S. Bankruptcy Court for the
District of Guam to retain Stinson Leonard Street LLP, as
bankruptcy counsel to the Committee.

The Committee requires Stinson Leonard to:

   a. provide analysis of property of the estate and maximize
      recovery for the benefit of the creditors;

   b. assist in the treatment of executor contracts and leases,
      including negotiations and litigation involving the
      rejection of contracts and leases;

   c. assist in the valuation and treatment of claims, including
      litigation involving objections to claims;

   d. review and analyze disclosure statements and plans of
      reorganization and liquidation and the treatment of
      unsecured creditors, including objections to those
      disclosure statements and plans;

   e. assist in avoidance litigation;

   f. assists in asset disposition, including review, analysis,
      and objections to, motions for the approval of sale of
      assets;

   g. review and analyze the Debtor's monthly operating reports
      and objections to same; and

   h. negotiate and mediate relating to abuse claim issues.

Stinson Leonard will be paid at these hourly rates:

     Partners                $320 to $680
     Associates                  $410
     Paralegals              $140 to $300

Stinson Leonard will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Robert T. Kugler, a partner at Stinson Leonard Street, 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.

Stinson Leonard can be reached at:

     Robert T. Kugler, Esq.
     STINSON LEONARD STREET LLP
     50 S 6th Street, Suite 2600
     Minneapolis, MN 55402
     Tel: (612) 335-1500
     E-mail: Robert.Kugler@stinson.com
             Ed.Caldie@stinson.com

                   About Archbishop of Agana

Roman Catholic Archdiocese of Agana -- https://www.aganaarch.org/
-- is an ecclesiastical territory or diocese of the Catholic Church
in the United States. It comprises the United States dependency of
Guam.  The Diocese of Agana was established on Oct. 14, 1965, as a
suffragan of the Archdiocese of San Francisco, California. It is a
tax-exempt entity (as described in 26 U.S.C. Section 501).

The Archbishop of Agana, a/k/a the Roman Catholic Archdiocese of
Agana, sought Chapter 11 protection (D. Guam Case No. 19-00010) on
Jan. 16, 2019.  Rev. Archbishop Michael Jude Byrnes, S.T.D.,
Archbishop of Agana, signed the petition.  The Archdiocese
scheduled $22,962,686 in assets and $45,662,941 in liabilities as
of the bankruptcy filing.

The Hon. Frances M. Tydingco-Gatewood is the case judge.

The Archdiocese tapped Elsaesser Anderson, Chtd., as bankruptcy
counsel, and John C. Terlaje, Esq., as special counsel.

The Office of the U.S. Trustee on March 6, 2019, appointed seven
creditors to serve on an official committee of unsecured creditors.
The Committee retained Stinson Leonard Street LLP, as bankruptcy
counsel, and The Law Offices of William Gavras, as local counsel.


ARCHBISHOP OF AGANA: Panel Hires William Gavras as Local Counsel
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Archbishop of
Agana, seeks authorization from the U.S. Bankruptcy Court for the
District of Guam to retain the Law Offices of William Gavras, as
local counsel to the Committee.

The Committee requires William Gavras to:

   a. provide assistance to other Committee professionals on
      filing papers with the Court;

   b. attend hearings as co-counsel to other Committee
      professionals;

   c. advise on Guam territorial law; and

   d. provide such other legal services for the Committee as to
      not duplicate or overlap the efforts of other professionals
      retained by the Committee, including lead Committee
      counsel.

William Gavras will be paid at the hourly rate of $250.

William Gavras will also be reimbursed for reasonable out-of-pocket
expenses incurred.

William Gavras, partner of the Law Offices of William Gavras,
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.

William Gavras can be reached at:

     William Gavras, Esq.
     LAW OFFICES OF WILLIAM GAVRAS
     101 Salisbury Street
     Dededo, Guam 96929
     Tel: (671) 632-4357

                    About Archbishop of Agana

Roman Catholic Archdiocese of Agana -- https://www.aganaarch.org/
-- is an ecclesiastical territory or diocese of the Catholic Church
in the United States. It comprises the United States dependency of
Guam.  The Diocese of Agana was established on Oct. 14, 1965, as a
suffragan of the Archdiocese of San Francisco, California. It is a
tax-exempt entity (as described in 26 U.S.C. Section 501).

The Archbishop of Agana, a/k/a the Roman Catholic Archdiocese of
Agana, sought Chapter 11 protection (D. Guam Case No. 19-00010) on
Jan. 16, 2019.  Rev. Archbishop Michael Jude Byrnes, S.T.D.,
Archbishop of Agana, signed the petition.  The Archdiocese
scheduled $22,962,686 in assets and $45,662,941 in liabilities as
of the bankruptcy filing.

The Hon. Frances M. Tydingco-Gatewood is the case judge.

The Archdiocese tapped Elsaesser Anderson, Chtd., as bankruptcy
counsel, and John C. Terlaje, Esq., as special counsel.

The Office of the U.S. Trustee on March 6, 2019, appointed seven
creditors to serve on an official committee of unsecured creditors.
The Committee retained Stinson Leonard Street LLP, as bankruptcy
counsel, and The Law Offices of William Gavras, as local counsel.


ARIZONA SOUTHWEST: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The United States Trustee advised the Bankruptcy Court that a
committee under 11 U.S.C. Sec. 1102 has not been appointed in the
Chapter 11 case of Arizona Southwest Patrol, LLC, because an
insufficient number of persons holding unsecured claims against the
debtor have expressed interest in serving on a committee. The U.S.
Trustee reserves the right to appoint such a committee should
interest develop among the creditors.

Arizona Southwest Patrol, LLC filed for chapter 11 bankruptcy
protection (Bankr. D. Ariz. Case No. 18-14462) on Nov. 28, 2018,
and is represented by Thomas Allen, Esq. of Allen Barnes & Jones,
PLC.


AVON PRODUCTS: Fitch Affirms 'B+' IDR & Alters Outlook to Negative
------------------------------------------------------------------
Fitch Ratings has affirmed Avon Products, Inc.'s (API) Long-Term
Issuer Default Rating (IDR) at 'B+'. Fitch has also assigned a
'BB+'/'RR1' rating to Avon International Capital p.l.c.'s (AIC)
EUR200 million secured revolving credit facility due February 2022.
The Rating Outlook has been revised to Negative from Stable.

The Outlook revision to Negative reflects profitability pressures,
elevated leverage, accelerated declines in reps and volume, and
continued challenges in Brazil, its largest market representing 23%
of total revenue. Avon's revenue will continue to exhibit greater
volatility due to the company's focus on emerging markets, foreign
currency fluctuations and continued declines in active reps and
orders, all of which contributed to a 9.5% revenue decline in 2018,
which excludes the impact of a new revenue recognition standard
(ASC 606). In 2018, Avon's EBITDA declined 29% to USD347 million,
FCF declined to negative USD2 million from USD165 million and gross
leverage increased to 5.1x from 4.4x relative to 2017.

In order to stabilize the Outlook, Avon needs to demonstrate
stabilization in reps, volume and organic revenue growth, refinance
its USD386 million of 4.6% notes due March 2020 prior to Dec. 15,
2019 to avoid early termination of the RCF and sustain gross
leverage in the mid-4x range, implying EBITDA of USD520 million
absent any incremental debt reduction. Gross leverage sustained at
or above 5x would likely result in a downgrade.

KEY RATING DRIVERS

Profitability Pressures: Avon's EBITDA declined to USD347 million,
or 29%, in 2018 compared with Fitch's expectations for relatively
flat EBITDA on a like-for-like (LFL) basis, which excludes the
effects of ASC 606. Revenue was in-line with Fitch's 2018 forecast
but margins declined markedly in the second half of 2018 due to
adverse foreign exchange movements, increased investments in
representatives and advertising, and supply chain inflation in
material and logistics costs, partially offset by cost reduction
initiatives.

On a LFL basis, EBITDA margin in the second half of 2018 declined
320 basis points to 7.1% versus the corresponding year-ago period,
resulting in a full year 2018 EBITDA margin of 6.9%, which is 193
basis points less than the 8.8% achieved in 2017. Fitch estimates
negative FX and operational challenges accounted for 49% and 51%,
respectively, of the nearly USD143 million year-over-year decline
in EBITDA in 2018. There is increased risk that
greater-than-anticipated supply chain inflation may mitigate the
benefits of Avon's cost reduction initiatives, which are required
to offset increased investments associated with the company's Open
Up Avon strategy. This would make it more challenging for the
company to improve its profit margin and FCF, particularly if
revenue trends remain negative.

Elevated Leverage: As a result of the aforementioned profitability
pressures, Avon's gross leverage increased to approximately 5x, the
upper end of Fitch's negative rating sensitivity, at year-end 2018
compared with 4.4x in 2017, despite USD300 million of debt
reduction in 2018. Fitch estimates year-over-year gross leverage
remained flat at 4.4x in 2018, excluding the negative effects of
foreign currency fluctuations.

Fitch forecasts gross leverage will remain relatively flat at
approximately 5x in 2019 due to continued FX headwinds in the first
half of 2019 and inflationary pressures, partially offset by cost
savings and pricing actions to mitigate inflation. The company has
the option of pursuing incremental debt reduction in the first half
of 2019 funded with at least USD60 million of proceeds from asset
sales. The company's decision to repay incremental debt using
divestiture proceeds is contingent on market conditions in 2019
when the company seeks to refinance its USD386 million of sr.
unsecured notes due in March 2020.

Accelerated Declines in Reps and Volume: Declines in certain of
Avon's key performance indicators (KPIs) accelerated in the second
half of 2018, particularly active representatives and volume,
despite turnaround efforts made to date. Active reps declined
nearly 6% in the second half of 2018 led by South Latin America
(largely Brazil), down 7%, and EMEA (largely Russia), down 6%.
Avon's total active reps declined to approximately five million at
year-end 2018 compared with approximately six million at year-end
2017. Lack of improvement in active reps and volume may jeopardize
Fitch's expectations for gradual improvement in organic revenue
growth trends on a constant currency basis through 2022 and
potentially result in negative rating actions.

On the positive side, revenue declines attributable to lower reps
and volume in the fourth quarter of 2018 were mitigated by
increasing rep productivity as evidenced by 4% growth in average
rep sales, which also bodes well for rep retention, and 6% increase
in price/mix due to greater product bundling and enhanced revenue
management, including inflationary pricing in Argentina.

Brazil Underperforms Key Markets: Brazil is Avon's largest (23% of
revenue) and worst performing market relative to Avon's top five
markets, reflecting the scale and depth of the challenges in
Brazil. Quarterly revenue from Brazil has declined at a mid- single
to low double-digit rate at constant currency since the second
quarter of 2017. Avon's results in Brazil continue to be negatively
affected by competitive pressures, a difficult macroeconomic
environment, weaker volume and lower appointments of new
representatives, partly attributable to stricter credit
requirements. Avon appointed a new general manager in Brazil,
effective Sept. 17, 2018, to lead the company's efforts to improve
service quality and training for reps.

Downsized RCF Reduces Liquidity: Avon International Capital p.l.c.
(AIC), obtained a new EUR200 million, or USD230 million, senior
secured RCF due Feb 2022, which replaced a prior USD400 million
secured RCF. Borrowings under the new RCF are available for general
corporate and working capital purposes. The credit implications of
the downsized RCF are partially offset by greater flexibility to
issue secured debt to refinance existing borrowings. The prior
facility restricted secured borrowings to a USD600 million basket,
of which Avon had previously issued USD500 million of secured debt
due August 2022, which limited the company's ability to issue
incremental first-lien secured debt to refinance existing unsecured
debt.

The new RCF credit agreement allows incremental secured debt beyond
Avon's existing secured debt, consisting of the secured RCF and
USD494 million of secured notes due August 2022, and is a
Euro-denominated facility, which more closely aligns the company's
capital structure to its operations.

Refinancing Risk: Avon's EUR200 million RCF is subject to early
termination in mid-December 2019 if the company fails to redeem,
repay or otherwise refinance in full its USD387 million of
unsecured notes due March 2020 by Dec. 15, 2019. In addition to
first-lien debt, AVP also has the flexibility to issue second-lien
debt to refinance the notes due 2020.

Increased Investments to Support Strategy: Avon's strategy to
strengthen the company's competitive position and modernize the
core business requires USD300 million of incremental investments,
including USD230 million of capex, from 2019-2021. The investments
will be in two areas: commercial spend and digital/IT
infrastructure. Commercial spend consists of tools and training for
reps, advertising to modernize the Avon brand, processes to
accelerate the pace of product innovation, new expansion into
markets, such as China and India, and channel investments,
primarily e-commerce.

Digital and IT infrastructure spend targets data center
modernization and digital tools, including individual, personalized
on-line store pages for reps, new mobile tools to assist with the
rep's sale process, analytics and digital marketing. Fitch expects
the costs of these investments will be cash flow neutral in
aggregate through 2021 due to USD400 million of targeted costs
savings across manufacturing, distribution, procurement, back
office, as well as lower taxes and interest expense due to Avon's
early debt prepayment in June 2018.

FX, Emerging Markets Exposure: Avon's revenue base is
geographically diverse, selling or distributing products in 56
countries and territories. Avon's top-10 markets, mostly emerging
markets, account for 70% of revenue. Latin America represents 52%
of revenue, with Brazil, the single largest market, contributing
23% of total revenue in 2018. Negative FX translation has an
outsized impact on Avon's financials as most its cash flows and
profits are generated outside the U.S. Economic and political
volatility also can have a significant impact.

Strong Competition: The beauty industry is structurally attractive
and tends to be a resilient category throughout economic cycles,
but it's a highly competitive market, the degree of which varies by
Avon's end market. Avon's competitors include large and well-known
cosmetics, fragrance and skincare companies and niche firms that
have benefitted from lower barrier to entry due to low cost
marketing via social media. Avon's competes with other direct
selling companies as well as products sold to consumers via
alternate distribution channels, including e-commerce, mass market
retail and prestige retail.

DERIVATION SUMMARY

Avon's rating (B+/Stable) reflects its significant scale as a
leading direct-selling beauty company with USD5.4 billion revenue
in 2018 and its well-recognized brand in the beauty industry. The
Outlook revision to Negative reflects profitability pressures,
elevated leverage, accelerated declines in reps and volume, and
continued challenges in Brazil, its largest market representing 23%
of total revenue. Avon's revenue and profitability will continue to
exhibit greater volatility due to the company's focus on emerging
markets, foreign currency fluctuations and continued declines in
active reps and orders, all of which contributed to a 9.5% revenue
decline in 2018. In 2018, Avon's EBITDA declined 29% to USD347
million, FCF declined to -USD2 million from USD165 million and
gross leverage increased to 5.1x from 4.4x relative to 2017.

In order to stabilize the Outlook, Avon has to demonstrate
stabilization in reps, volume and organic revenue growth, refinance
its USD387 million of 4.6% notes due March 2020 prior to Dec. 15,
2019 to avoid early termination of the RCF and sustain gross
leverage in the mid-4x range. Gross leverage sustained at or above
5x would likely result in a downgrade.

In terms of comparable companies, Fitch rates Anastasia
Intermediate Holdings, LLC's (ABH), a prestige cosmetics brand
primarily focused in the U.S., 'BB-'/Stable Outlook. The ratings
reflect the company's strong track record of growth and customer
connections, good financial profile including above-average EBITDA
margin, positive FCF and leverage of mid-3x following a
debt-financed dividend. Fitch projects leverage will trend toward
high 2x over the next two to three years. The rating also considers
the company's narrow product and brand profile, recent explosive
growth that could reverse course, and risk that continued beauty
industry market share shifts could weaken ABH's projected growth
through the risk of new entrants or existing players regaining
share.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case For The Issuer To
Stabilize the Outlook Include:

  -- Revenue is forecast to decline nearly 7%, including a 5% point
headwind from FX, to USD5.1 billion in 2019 and remain relatively
flat through 2022, barring further currency movements;

  -- Operating EBITDA is forecast to be approximately USD365
million in 2019 and approximately USD450-USD475 million through
2022 due to cost savings, enhanced revenue management and
increasing rep productivity;

  -- Fitch expects the incremental investment plan, which also
includes USD230 million of capex and USD130 million for cash
restructuring, will be cash flow neutral through 2021 due to
expense reductions, working capital improvements from inventory,
tax planning and lower interest expense;

  -- FCF is expected to be approximately USD30 million in 2019,
including approximately USD130 million of cash restructuring
charges and incremental capex associated with Avon's investment
plan. Fitch expects FCF will increase to approximately USD100
million in 2020, reflecting EBITDA margin expansion and lower cash
restructuring costs, and exceed USD150 million in 2021 and 2022.
Fitch assumes the company's dividend remains suspended throughout
the forecast period and cash interest on the cumulative preferred
stock continues to be deferred;

  -- Fitch expects gross leverage (total debt to operating EBITDA)
to remain flat in 2019 at approximately 5.0x and decline to the low
4.0x range through 2022.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Stabilization of the Rating

  -- Signs of stabilization in reps, volume and organic revenue
growth;

  -- Refinances USD387 million of 4.6% notes due March 2020 prior
to Dec. 15, 2019, which also avoids early termination of the RCF;

  -- Gross leverage (total debt to operating EBITDA) in the mid-4x
range;

  -- Lease adjusted gross leverage (total adjusted debt/EBITDAR) of
5x.

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

  -- Flat-to-modestly positive reps and volume growth as well as
low-single digit organic growth;

  -- Gross leverage of 3.5x;

  -- Lease adjusted gross leverage of 4x;

  -- FCF margin sustained at or above 1.5%.

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

  -- Accelerating declines in key performance indicators in 2019,
particularly active reps and orders, which would indicate a greater
probability of extended declines in revenue;

  -- Significant currency challenges in key markets, such as Brazil
or Russia, which affect Avon's ability to service its
dollar-denominated debt;

  -- Sustained increase in gross leverage and lease adjusted gross
leverage over 5.0x and 5.5x, respectively;

  -- Sustained FCF margin less than 1%.

LIQUIDITY

Adequate Liquidity: As of Dec. 31, 2018, Avon had nearly USD533
million of cash and USD201 million in revolver availability, net of
USD29 million in outstanding letters of credit. The new senior
secured revolving credit facility has total capacity of EUR200
million, or USD230 million, and expires in February 2022, provided
that it shall terminate on the 91st day prior to the maturity of
the 4.60% Notes due 2020, if on such 91st day, the applicable notes
are not redeemed, repaid, discharged or otherwise refinanced in
full.

New EUR200 million Senior Secured RCF: Avon's U.K.-based financing
subsidiary, Avon International Capital p.l.c. (AIC), obtained a new
three-year EUR200 million, or USD230 million, senior secured RCF,
which replaced a prior USD400 million secured RCF. Borrowings under
the new RCF are available for general corporate and working capital
purposes. The RCF maturity date is not to exceed (a) the maturity
date of Feb. 12, 2022 and (b) the date falling 91 days prior to the
final scheduled maturity date of the existing USD387 million of
outstanding notes due March 15, 2020, which equates to Dec. 15,
2019, if the notes have not been redeemed, repaid or otherwise
refinanced in full on such date.

The credit implications of a downsized RCF are partially offset by
greater flexibility to issue secured debt to refinance existing
borrowings. The prior facility restricted secured borrowings to a
USD600 million basket, of which Avon had previously issued USD500
million of secured debt due August 2022, which limited the
company's ability to issue incremental secured debt to refinance
existing unsecured debt. Furthermore, the new RCF is a
Euro-denominated facility, which more closely aligns the company's
capital structure to its operations.

All obligations of AIC under the 2019 facility, and AIO under the
senior secured notes are unconditionally guaranteed by the API, AIO
and each other material United States or English restricted
subsidiary of the API (collectively, the Obligors), in each case,
subject to certain exceptions. The obligations of the Obligors are
secured by first priority liens on and security interests in
substantially all of the assets of the Obligors, in each case,
subject to certain exceptions.

Capital Structure: As of Dec. 31, 2018, Avon had total debt
principal outstanding of USD1.8 billion, consisting of USD500
million of senior secured bonds due 2022, USD1.09 billion of senior
unsecured bonds, and USD492 million of preferred stock (includes
accrued dividends), which Fitch assigned 50% equity credit. AIC is
the borrower for the revolving credit facility, AIO is the borrower
for the senior secured notes, whereas the senior unsecured notes
are obligations of the parent, Avon Products Inc. The revolving
credit facility contains a minimum interest coverage ratio and a
maximum total leverage ratio.

Recovery Analysis: Fitch's recovery analysis assumes USD370 million
of operating EBITDA on a going concern basis. The going concern
EBITDA assumes the company exits smaller or underperforming
markets, potentially including Brazil, and the remaining markets
benefit from greater senior management attention and allocation of
financial resources, resulting in an operating profit margin in the
low teens on a smaller revenue base of approximately USD3.5
billion. Fitch then applies a recovery multiple of 4x, resulting in
an estimated enterprise value (EV) of nearly USD1.5 billion. The
recovery multiple of 4x EV/EBITDA multiple is at the low end of
recent consumer products transactions, but considers Avon's
operating challenges, particularly top-line growth, reliance on a
single distribution channel (direct selling) and greater relative
risk profile due to its emerging market focus.

AIC's senior secured revolver and AIO's senior secured notes are
expected to have outstanding recovery prospects (91%-100%) and as
such are rated 'BB+'/'RR1' with 100% recovery prospect. The RCF is
secured by first-priority liens on and security interests in
substantially all of the assets of AIC, the subsidiary guarantors
and by certain assets of API, in each case, subject to certain
exceptions and permitted liens. The collateral package for the
senior secured notes consists of the equity of AIO and Avon Capital
Corp. and the intellectual property rights of AIO. Avon's senior
unsecured notes are perceived to have good recovery prospects
(51%-70%) due to Avon's repayment of USD300 million of unsecured
debt in 2018. However, Fitch believes there is a strong possibility
that Avon issues secured debt to refinance its existing unsecured
debt in 2019 and, therefore, assumes average recovery prospects
(31%-50%) for the unsecured debt ('B+'/'RR4') and recovery is based
on the midpoint (40%) of the 'RR4' recovery range.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings:

Avon Products, Inc.

  -- Long-Term IDR at 'B+';

  -- Senior unsecured notes at 'B+'/'RR4'.

Avon International Operations, Inc.

  -- Long-Term IDR at 'B+';

  -- Senior secured notes at 'BB+'/'RR1'.

Fitch has assigned this rating:

Avon International Capital p.l.c.

  -- Senior secured revolver at 'BB+'/'RR1';

The Rating Outlook has been revised to Negative from Stable.



BESORAT INVESTMENTS: Hires Resnik Hayes as Bankruptcy Counsel
-------------------------------------------------------------
Besorat Investments, Inc., seeks authority from the U.S. Bankruptcy
Court for the Central District of California to employ Resnik Hayes
Moradi LLP, as general bankruptcy counsel to the Debtor.

Besorat Investments requires Resnik Hayes to:

   a. advice and assist regarding compliance with the
      requirements of the U.S. Trustee ("UST");

   b. advice regarding matters of bankruptcy law, including the
      rights and remedies of the Debtor in regard to its assets
      and with respect to the claims of creditors;

   c. advice regarding cash collateral matters;

   d. conduct examinations of witnesses, claimants or adverse
      parties and to prepare and assist in the preparation of
      reports, accounts and pleadings;

   e. advice concerning the requirements of the Bankruptcy Code
      and applicable rules;

   f. assist with the negotiation, formulation, confirmation and
      implementation of a Chapter 11 plan of reorganization; and

   g. make any appearances in the Bankruptcy Court on behalf of
      the Debtor; and to take such other action and to perform
      such other services as the Debtor may require.

Resnik Hayes will be paid at these hourly rates:

     Partners              $385 to $485
     Associates            $185 to $325
     Paralegals                $135

The Debtor paid Resnik Hayes an initial retainer in the amount of
$9,850 on Jan. 28, 2019.

At the time the case was filed, $6,188.50 of the retainer payment
remained in the Firm's client trust account.  The Firm withdrew
$3,661.50 from the client trust account prior to the filing of the
petition.  Of that amount, $1,717 was the filing fee.

Resnik Hayes will also be reimbursed for reasonable out-of-pocket
expenses incurred.

M. Jonathan Hayes, a partner at Resnik Hayes Moradi, 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.

Resnik Hayes can be reached at:

     M. Jonathan Hayes, Esq.
     Matthew D. Resnik, Esq.
     Roksana D. Moradi-Brovia, Esq.
     RESNIK HAYES MORADI LLP
     17609 Ventura Blvd., Suite 314
     Encino, CA 91316
     Tel: (818) 285-0100
     Fax: (818) 855-7013
     E-mail: jhayes@RHMFirm.com
             roksana@RHMFirm.com
             matt@RHMFirm.com

                    About Besorat Investments

Besorat Investments, Inc., is a California corporation which owns
15 real properties located in the great Southern California area.
The properties are in various stages of development.  Several are
ready to be sold and in some cases, listed for sale.  The chapter
11 case was filed to stop foreclosure sales on two of the
properties

Besorat Investments filed a Chapter 11 bankruptcy petition (Bankr.
C.D. Cal. Case No. 1:19-bk-10202) on Jan. 28, 2019.  The Debtor
hired Resnik Hayes Moradi LLP, as general bankruptcy counsel.


BIOSCRIP INC: Coliseum Capital Has 16.4% Stake as of March 14
-------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities and individuals reported beneficial
ownership of shares of common stock of Bioscrip, Inc. as of March
14, 2019:

                                       Shares       Percent
                                    Beneficially      of
  Reporting Person                      Owned       Class
  ----------------                  ------------   ---------
Coliseum Capital Management, LLC     24,558,858      16.4%
Coliseum Capital, LLC                18,893,609      13.0%
Coliseum Capital Partners, L.P.      15,439,119      10.9%
Coliseum Capital Partners II, L.P.    3,454,490       2.6%
Adam Gray                            24,558,858      16.4%
Christopher Shackelton               24,558,858      16.4%

The percentages are calculated based upon 128,155,291 Common Shares
outstanding as of March 7, 2019, as reported in the Issuer's Form
10-K for the annual period ended Dec. 31, 2018 filed with the
Commission on March 15, 2019.

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

                        https://is.gd/KCV6tl

                        About BioScrip, Inc.

Headquartered in Denver, Colo., BioScrip, Inc. --
http://www.bioscrip.com/-- is an independent national provider of
infusion and home care management solutions, with approximately
2,100 teammates and nearly 70 service locations across the U.S.
BioScrip partners with physicians, hospital systems, payors,
pharmaceutical manufacturers and skilled nursing facilities to
provide patients access to post-acute care services.  BioScrip
operates with a commitment to bring customer-focused pharmacy and
related healthcare infusion therapy services into the home or
alternate-site setting.

BioScrip reported a net loss attributable to common stockholders of
$62.90 million in 2018, following a net loss attributable to common
stockholders of $74.27 million in 2017.  As of Dec. 31, 2018,
BioScrip had $583.9 million in total assets, $634.7 million in
total liabilities, $3.23 million in series A convertible preferred
stock, $90.05 million in series C convertible preferred stock, and
a total stockholders' deficit of $144 million.

                          *     *     *

As reported by the TCR on Aug. 1, 2018, Moody's Investors Service
upgraded BioScrip Inc's Corporate Family Rating to 'Caa1' from
'Caa2'.  BioScrip's Caa1 Corporate Family Rating reflects the
company's very high leverage and weak liquidity.  

Also in August 2018, S&P Global Ratings raised its issuer credit
rating on BioScrip Inc. to 'CCC+' from 'CCC'.  "The rating upgrade
reflects our belief that BioScrip will be able to meet its debt
obligations for at least the next 12 months."


BLACKWATER TECHNOLOGIES: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Blackwater Technologies, Inc. as of March
18, according to a court docket.
    
                  About Blackwater Technologies

Blackwater Technologies Inc., based in Carrollton, Georgia,
specializes in fire protection as well as low voltage projects.
The Company provides fire alarm installation, maintenance, and
inspection services.

Blackwater Technologies filed a Chapter 11 petition (Bankr. N.D.
Ga. Case No. 19-10283) on Feb. 13, 2019.  In the petition signed by
Charles Blackwell, chief executive officer, the Debtor estimated
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities.  The case has been assigned to Judge Homer W. Drake.
The Debtor's counsel is Nevin J. Smith, Esq., at Smith Conerly LLP.


BLUCORA INC: Moody's Affirms B1 CFR & B1 Secured Loan Rating
------------------------------------------------------------
Moody's Investors Service affirmed Blucora, Inc.'s B1 corporate
family rating (CFR) and B1 senior secured term loan rating. The
rating action follows Blucora's announcement of its planned
acquisition of 1st Global, Inc. (1st Global), a provider of wealth
management services to tax professionals. Moody's said Blucora's
rating outlook remains stable. Moody's has withdrawn its outlook on
Blucora's revolving credit facility and corporate family rating for
its own business reasons.

Affirmations:

Issuer: Blucora, Inc.

  Corporate Family Rating, Affirmed B1

  Senior Secured Bank Credit Facility, Affirmed B1

Outlook Actions:

Issuer: Blucora, Inc.

  Outlook, Remains Stable

RATINGS RATIONALE

Moody's said Blucora intends to fund its planned $180 million
acquisition of 1st Global by adding $125 million to its existing
$265 million senior secured term loan due 2024 and with $55 million
cash on hand. The incremental debt will bring the firm's total debt
balance to $390 million and a proforma Moody's-adjusted leverage of
around 3.1x. Moody's said that despite the increase in debt,
Blucora's credit profile will continue to benefit from its strong
cash flow generation and generally prudent financial policies.

Moody's said Blucora's stable outlook reflects its favorable
revenue growth and rapid deleveraging following its 2015
acquisition of wealth manager HD Vest. This is offset by the risk
of revenue and cash flow being pressured in the medium-term from
strong competitive pressures at Blucora's TaxAct business and
possible pressure on fee-based revenue at HD Vest during market
downturns.

Concurrent with the acquisition announcement, Blucora launched a
share repurchase program of up to $100 million to be executed over
a period of three years. Although credit negative, Moody's said
that this development is not unexpected and is the result of the
firm's improving profitability trend.

Blucora's credit positive deleveraging strategy between 2016 and
2018 have helped it in maximizing the benefits of its net operating
loss (NOL) utilization. Moody's said the firm's NOL carryforwards
were $455 million as of year-end 2018 and its focus on faster debt
repayment was to benefit from reduced interest expense and utilize
the firm's tax-loss carryforwards in a manner that could minimize
cash taxes.

In September 2018, Blucora completed its long-planned clearing
conversion as part of its initiative to benefit from rising
interest rates. Under the previous clearing relationship, Blucora
was subject to an interest rate cap and forewent the benefits of
higher rates from uninvested customer cash balances. This credit
positive development will help the firm harness the benefits of the
current interest rate environment and will contribute an additional
$10-$12 million to revenue in 2019, assuming no change to the
current level of federal funds rate, said Moody's.

Factors that could lead to an upgrade:

-- Ongoing evidence of a successful implementation of Blucora's
    operational strategies resulting in rising profitability,
    increased scale and improved margins

-- Shift towards a more stable user base in the tax business and
    revenue growth driven by factors other than pricing

-- A substantial pay-down of the credit facilities funded by
    internal cash flows

Factors that could lead to a downgrade:

-- Increasing competitive pressures on the firm's wealth
    management or tax preparation businesses resulting in a
    deterioration in the firm's revenue and cash flow generation

-- Shift in financial policy that increasingly favors
    shareholders such as increasing leverage to fund share
    repurchases

-- A significant deterioration in franchise value, via a security

    breach of client accounts, a sustained service outage, or a
    significant legal or compliance issue resulting in
    reputational damage, loss of customers and litigation costs
    pressuring profit margins


BLUE CROWN: U.S. Trustee Unable to Appoint Creditors' Committee
---------------------------------------------------------------
The United States Trustee advises the Bankruptcy Court that a
committee under 11 U.S.C. sec. 1102 has not been appointed in the
Chapter 11 case of Blue Crown Racing LLC because an insufficient
number of persons holding unsecured claims against the debtor have
expressed interest in serving on a committee.  The U.S. Trustee
reserves the right to appoint such a committee should interest
develop among the creditors.

Blue Crown Racing LLC filed a voluntary Chapter 11 petition (Bankr.
D. Ariz. Case No. 19-00661) on January 21, 2019, and is represented
by Donald W. Powell, Esq., at Carmichael & Powell, P.C.


BRIGHTHOUSE FINANCIAL: Fitch Rates $425MM Preferred Stock 'BB+'
---------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to Brighthouse Financial,
Inc.'s $425 million issuance of non-cumulative preferred stock,
Series A. Existing ratings assigned to Brighthouse and its
affiliates are unaffected by the rating action.

Fitch last reviewed Brighthouse's ratings on March 12, 2019.

KEY RATING DRIVERS

The non-cumulative preferred stock is rated three notches below
Brighthouse's Long-Term Issuer Default Rating (IDR), which reflects
Fitch's assumption of "poor" recovery prospects in the event of
default given the level of subordination and one additional notch
for "minimal" non-performance risk. The non-cumulative preferred
stock is rated below the 'BBB-' rating of Brighthouse Holdings, LLC
(Holdings) preferred units due to the structural subordination of
the Brighthouse non-cumulative preferred stock relative to the
Holdings preferred units and the small amount of the Holdings
preferred units relative to the various securities outstanding at
Brighthouse.

The non-cumulative preferred stock is perpetual. Brighthouse may
elect to redeem the stock beginning in 2024. Under certain limited
circumstances, Brighthouse may also redeem the stock earlier than
2024. Dividends will be paid on a non-cumulative basis, when and if
declared. Based on Fitch's rating criteria, the non-cumulative
preferred stock is afforded 100% equity credit in Fitch's financial
leverage calculations. As such, Fitch expects the non-cumulative
preferred stock will improve Brighthouse's financial leverage
ratio, but reduce Brighthouse's coverage ratios.

RATING SENSITIVITIES

Key rating drivers that could lead to an upgrade of Brighthouse's
ratings include the establishment of a track record of strong
operating performance, risk management and reasonable stability in
capitalization.

Key rating drivers that could lead to a downgrade of Brighthouse's
ratings would be a material deterioration in Brighthouse's overall
capitalization and leverage to below an overall score of 'aa-'.
This might include a significant decline in management's strategic
target for statutory capital backing the variable annuity business,
a Prism capital score inconsistent with the overall credit factor
score or financial leverage ratio exceeding 28%.

FULL LIST OF RATING ACTIONS

Fitch has assigned this rating:

Brighthouse Financial, Inc.

  -- 6.6% non-cumulative perpetual preferred stock 'BB+'.

These ratings are not affected by the rating action:

Brighthouse Financial, Inc.

  -- Long-Term IDR 'BBB+'.

Brighthouse Financial, Inc.

  -- 4.70% senior unsecured notes due June 22, 2047 'BBB';

  -- 3.70% senior unsecured notes due June 22, 2027 'BBB';

  -- 6.25% junior subordinated debentures due Sept. 15, 2058
'BB+'.

Brighthouse Holdings, LLC

  -- Long-Term IDR 'BBB+';

  -- 6.50% Series A Cumulative Perpetual Preferred Units 'BBB-'.

Brighthouse Life Insurance Company
New England Life Insurance Company

  -- IFS 'A'.

The Rating Outlook is Stable.


BRIGHTHOUSE FINANCIAL: Moody's Rates $400MM Series A Stock Ba2(hyb)
-------------------------------------------------------------------
Moody's Investors Service has assigned a Ba2(hyb) rating to
Brighthouse Financial, Inc.'s (senior debt Baa3 stable) anticipated
issuance of around $400 million of non-cumulative preferred stock,
Series A. The preferred stock issuance is a takedown from the shelf
registration filed on September 5, 2018. Proceeds from the offering
are expected to be contributed to Brighthouse Life Insurance
Company, which intends to use such proceeds for general corporate
purposes.

RATINGS RATIONALE

Moody's said that the Ba2(hyb) rating reflects typical notching
based on the preferred stock seniority of issuance. Dividend
payments on the preferred stock are optional, non-cumulative and do
not contain any mandatory "meaningful" triggers. Because of
equity-like features contained in the preferred stock, the security
will receive partial equity treatment in Moody's leverage
calculation. After the issuance Moody's expects adjusted financial
leverage to be around 22%.

This preferred stock issuance follows an issuance of $375 million
of junior subordinated debt in September. While such issuances
receive partial equity credit for leverage purposes, they reduces
cash flow coverage, a key focus of Moody's' analysis. Additionally,
though Brighthouse remains committed to keeping its insurance
operating companies well capitalized, the company has set
expectations with shareholders to return up to $1.5 billion of
capital over the next three years, a credit negative.

Brighthouse's operating entities A3 IFS ratings are based on the
company's solid asset quality, with modest amount of exposure to
high-risk assets, namely below-investment grade securities and
alternative investments. The company's capital adequacy as measured
by the combined NAIC Risk Based Capital (RBC) ratio is high,
largely to enable the company to proactively manage the volatility
and tail risk associated with its variable annuity block. These
strengths are mitigated by risk exposures related to a
concentration of legacy variable annuities, mostly with guarantees,
managing a run-off block of institutional spread businesses and
universal life with secondary guarantees and modest projected
statutory capital generation partially due to the high cost of
hedging market sensitive liabilities.

RATING DRIVERS

These factors could lead to an upgrade of the ratings: 1) run-rate
statutory capital generation in excess of $500 million; 2) shift in
the business mix towards more protection-oriented products (e.g.,
life insurance); and 3) earnings and cash flow coverage above 6x
and 4x, respectively. Conversely, these factors could lead to a
downgrade of the ratings: 1) organic capital generation diminishes
and GAAP return on capital less than 5%; 2) earnings and cash flow
coverage below 4x and 2x, respectively; 3) adjusted financial
leverage (excluding AOCI) above 30%.

LIST OF AFFECTED RATINGS

This rating was assigned:

Brighthouse Financial, Inc. -- Preferred Non-cumulative Ba2(hyb)

The principal methodology used in this rating was Life Insurers
published in May 2018.

Brighthouse is headquartered in Charlotte, North Carolina. As of
December 31, 2018, Brighthouse reported total assets of $206.3
billion and total stockholders' equity of $14.4 billion.


BRISTOL HEALTHCARE: Hires Senior Living as Real Estate Broker
-------------------------------------------------------------
Bristol Healthcare Investors, L.P., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Tennessee to employ
SLIB II, Inc. d/b/a Senior Living Investment Brokerage, as real
estate broker to the Debtor.

Bristol Healthcare requires Senior Living to market and sell the
Debtor's real property known as The Cambridge House, a 130 bed
skilled nursing facility located at 250 Bellebrook Road, Bristol,
TN.

Senior Living will be paid a commission of 3.5% of the purchase
price of the property.

Senior Living will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ryan Saul, partner of SLIB II, Inc. d/b/a Senior Living Investment
Brokerage, 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.

Senior Living can be reached at:

          Ryan Saul
          SLIB II, INC. D/B/A SENIOR LIVING
          INVESTMENT BROKERAGE
          490 Pennsylvania Ave.
          Glen Ellyn, IL 60137
          Tel: (630) 858-2501

               About Bristol Healthcare Investors

Bristol Healthcare Investors, L.P., a Single Asset Real Estate
company (as defined in 11 U.S.C. Section 101(51B)), filed a
voluntary petition for relief under Chapter 11 of Title 11 of the
United States Code (Bankr. E.D. Tenn. Case No. 18-15713) on Dec.
20, 2018.  In the petition signed by Douglas K. Mittleider,
president of general partner, the Debtor estimated $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.  Scarborough & Fulton, led by name partner David J.
Fulton, is serving as the Debtor's counsel.


BUILTRITE BUILDERS: Hires Phases Accounting as Business Advisor
---------------------------------------------------------------
Builtrite Builders, LLC, d/b/a Copperleaf Homes d/b/a Copperleaf
Custom Homes, seeks authority from the U.S. Bankruptcy Court for
the Eastern District of Colorado to employ Phases Accounting & Tax
Services, Inc., as business advisor to the Debtor.

Builtrite Builders requires Phases Accounting to:

   (a) process of payroll;

   (b) prepare the Debtor's general ledger, profit and loss
       statements, and balance sheets;

   (c) prepare the Debtor's tax returns and tax related documents
       and schedules;

   (d) provide income tax consulting services to the Debtor; and

   (e) prepare bankruptcy monthly operating reports, as
       necessary.

Phases Accounting will be paid a flat fee of $3,000 per month.

Debby Miller, partner of Phases Accounting & Tax Services, Inc.,
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.

Phases Accounting can be reached at:

     Debby Miller
     PHASES ACCOUNTING & TAX SERVICES, INC.
     1445 North Union Boulevard
     Colorado Springs, CO 80909
     Tel: (719) 548-1646

                   About Builtrite Builders

Builtrite Builders, LLC d/b/a Copperleaf Homes d/b/a Copperleaf
Custom Homes, based in Colorado Springs, CO, filed a Chapter 11
petition (Bankr. D. Colo. Case No. 19-10938) on Feb. 11, 2019.  In
the petition signed by Steve Neary, president, the Debtor estimated
$500,000 to $1 million in assets and $1 million to $10 million in
liabilities.  The Hon. Joseph G. Rosania Jr. oversees the case.
WADSWORTH WARNER CONRARDY, P.C., serves as bankruptcy counsel to
the Debtor.




BW PROPERTY: U.S. Trustee Unable to Appoint Creditors' Committee
----------------------------------------------------------------
The United States Trustee advised the Bankruptcy Court that a
committee under 11 U.S.C. Sec. 1102 has not been appointed in the
Chapter 11 case of BW Property, LLC, because an insufficient number
of persons holding unsecured claims against the Debtor have
expressed interest in serving on a committee.  The U.S. Trustee
reserves the right to appoint a committee should interest develop
among the creditors.

Based in Scottsdale, Arizona, BW Property, LLC, filed a voluntary
Chapter 11 petition (Bankr. D. Ariz. Case No. 19-00076) on January
3, 2019.  BW Property, LLC, listed its business as Single Asset
Real Estate (as defined in 11 U.S.C. Section 101(51B)).  The
Company previously sought bankruptcy protection on March 4, 2011
(Bankr. D. Ariz. Case No. 11-5534).

The Debtor's counsel is Thomas H. Allen, Esq., at Allen Barnes &
Jones, PLC, in Phoenix, Arizona.

At the time of filing, the Debtor had estimated assets of $1
million to $10 million and estimated Liabilities: $1 million to $10
million

The petition was signed by Larry L. Miller, manager.


C & S JANITORIAL: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: C & S Janitorial Services, Inc.
        6611 Theall Road
        Houston, TX 77066-1213

Business Description: C & S Janitorial Services is a full service
                      janitorial company based in Houston, Texas.
                      The Company previously sought bankruptcy
                      protection on July 10, 2014 (Bankr. S.D.
                      Tex. Case No. 14-33846).

Chapter 11 Petition Date: March 19, 2019

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

Case No.: 19-31497

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

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Sergio Limon, president and CEO.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

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

         http://bankrupt.com/misc/txsb19-31497.pdf


CABOT OIL : Egan-Jones Raises Sr. Unsecured Debt Ratings to BB+
---------------------------------------------------------------
Egan-Jones Ratings Company, on March 15, 2019, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Cabot Oil & Gas Corporation to BB+ from BB.

Cabot Oil & Gas Corporation is a company engaged in hydrocarbon
exploration. It is organized in Delaware and based in Houston,
Texas.


CALMARE THERAPEUTICS: CA Remands "GEOMC" Case to District Court
---------------------------------------------------------------
The United States Court of Appeals for the Second Circuit vacated
on March 12, 2019, the United States District Court for the
District of Connecticut's judgment in a case filed by GEOMC against
Calmare Therapeutics and remanded the Case to the District Court
for further proceedings.

The complaint, which was filed on Aug. 22, 2014, alleges that the
Company and GEOMC entered into a security agreement whereby in
exchange for GEOMC's sale and delivery of the Calmare Devices, the
Company would grant GEOMC a security interest in the Calmare
Devices.  Among other allegations, GEOMC claims that the Company
has failed to comply with the terms of the security agreement and
seeks an order to the Court to replevy the Calmare Devices or
collect damages.  The Company believes it has meritorious defenses
to the allegations and intends to vigorously defend against the
litigation.

On Sept. 29, 2017, the District Court entered a final judgment that
awarded GEOMC, among other relief, monetary damages of $4,673,406,
in addition to pre-judgment interest of $5,678,764, with both
amounts totaling $10,352,170.  Calmare appealed the judgment to the
United States Court of Appeals for the Second Circuit.

Each of the parties may seek reconsideration of the Second
Circuit's judgment within fourteen days after the date of the
judgment.

                 About Calmare Therapeutics

Calmare Therapeutics Incorporated, formerly known as Competitive
Technologies, Inc. -- http://www.calmaretherapeutics.com/-- is a
medical device company developing and commercializing innovative
products and technologies for chronic neuropathic pain.  The
Company's flagship medical device, the Calmare Pain Therapy Device,
is a non-invasive and non-addictive modality that can treat
chronic, neuropathic pain.

Mayer Hoffman McCann CPAs, issued a "going concern" opinion in its
report on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has incurred operating
losses since fiscal year 2006 and has a working capital and
shareholders' deficit at Dec. 31, 2016.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.

Calmare reported a net loss of $3.82 million for the year ended
Dec. 31, 2016, compared to a net loss of $3.67 million for the year
ended Dec. 31, 2015.  As of Dec. 31, 2016, Calmare had $3.88
million in total assets, $17.69 million in current total
liabilities and a total shareholders' deficit of $13.81 million.


CATRINAS GROUP: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Catrinas Group 2 LLC
           dba Catrinas Taco and Tequila Bar
        1525 4th Street Ste C
        Sarasota, FL 34236

Business Description: Catrinas Group 2 LLC is a privately held
                      company in Sarasota, Florida that operates
                      in the restaurants industry, offering
                      Mexican, Latin, and Spanish cuisines.

Date Filed Chapter 7: January 16, 2019

Date Converted to Chapter 11: February 5, 2019

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Case No.: 19-00344

Judge: Hon. Roberta A. Colton

Debtor's Counsel: Shannon Keith Turner, Esq.
                  LAW OFFICES OF SHANNON KEITH TURNER, PA
                  PO Box 2067
                  Orlando, FL 32802
                  Tel: (407) 489-6745
                  Fax: (407) 264-8427
                  E-mail: skeithturner@msn.com

Estimated Assets: Unknown

Estimated Liabilities: Unknown

A full-text copy of the Order Converting Case From Chapter 7 to
Chapter 11 is available for free at:

        http://bankrupt.com/misc/flmb19-00344_order.pdf


CELLECTAR BIOSCIENCES: FDA Grants Import Alert Exemption for CLR
----------------------------------------------------------------
The U.S. Food and Drug Administration has granted an exemption to
the Import Alert placed on the Centre for Probe Development and
Commercialization (CPDC) for the use of CLR 131 in connection with
Cellectar Biosciences, Inc.'s pediatric IND.  This exemption will
allow Cellectar to immediately begin enrolling patients in its
Phase 1 pediatric study for the treatment of select relapsed or
refractory solid tumors including neuroblastoma, lymphomas and
malignant brain tumors.

Cellectar is already enrolling patients in its Phase 1 and Phase 2
multiple myeloma and select B-cell lymphoma studies of CLR 131
after having received FDA exemption to the CPDC Import Alert in
November 2018 for its hematology IND.

"We are grateful that the FDA has granted this additional exemption
for CLR 131, which allows us to immediately initiate our pediatric
clinical study in children battling life-threatening cancers," said
James Caruso, president and CEO of Cellectar. "These patients have
a very poor prognosis and low rates of survival as a result of
limited effective treatment options.  Based on our preclinical and
ongoing clinical studies, we are optimistic that CLR 131 has the
potential to provide a meaningful treatment option for children
suffering from cancers with high unmet medical needs."

                          About CLR 131

CLR 131 is a small-molecule, cancer-targeting radiotherapeutic PDC
designed to deliver cytotoxic radiation directly and selectively to
cancer cells and cancer stem cells.  CLR 131 is the Company's lead
therapeutic PDC product candidate and is currently being evaluated
in both Phase 2 and Phase 1 clinical studies.  In December 2014,
the FDA granted orphan drug designation for CLR 131 for the
treatment of multiple myeloma.  In 2018, the FDA granted orphan
drug and rare pediatric disease designations for CLR 131 for the
treatment of neuroblastoma, rhabdomyosarcoma, Ewing's sarcoma and
osteosarcoma.  The FDA previously accepted our IND application for
a Phase 1 open-label, dose-escalating study to evaluate the safety
and tolerability of a single intravenous administration of CLR 131
in up to 30 children and adolescents with cancers including
neuroblastoma, sarcomas, lymphomas (including Hodgkin's lymphoma)
and malignant brain tumors.

                  About Cellectar Biosciences

Cellectar Biosciences -- http://www.cellectar.com/-- is focused on
the discovery, development and commercialization of drugs for the
treatment of cancer.  The Company plans to develop proprietary
drugs independently and through research and development
collaborations.  The core drug development strategy is to leverage
its PDC platform to develop therapeutics that specifically target
treatment to cancer cells.  Through R&D collaborations, the
Company's strategy is to generate near-term capital, supplement
internal resources, gain access to novel molecules or payloads,
accelerate product candidate development and broaden its
proprietary and partnered product pipelines.

Cellectar reported a net loss attributable to common stockholders
of $15.48 million in 2018, following a net loss attributable to
common stockholders of $15.01 million in 2017.  As of Dec. 31,
2018, Cellectar had $15.05 million in total assets, $1.79 million
in total liabilities, and $13.26 million in total stockholders'
equity.

Baker Tilly Virchow Krause, LLP, in Madison, Wisconsin, the
Company's auditor since 2016, issued a "going concern" opinion in
its report on the consolidated financial statements for the year
ended Dec. 31, 2018, noting that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


CENTER FOR PLASTIC SURGERY: US Trustee Unable to Appoint Committee
------------------------------------------------------------------
The United States Trustee for Region 21 reports that no committee
of creditors holding unsecured claims has been appointed in the
Chapter 11 case of Center for Plastic Surgery Inc.

Center for Plastic Surgery, Inc., filed a voluntary Chapter 11
petition (Bankr. N.D. Ga. Case No. 19-52386 ) on February 11, 2019,
and is represented by Sims W. Gordon, Jr., Esq.


CLAY INTERNATIONAL: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
The United States Trustee for Region 21 reports that no committee
of creditors holding unsecured claims has been appointed in the
Chapter 11 case of Clay International Inc.

Clay International, Inc., filed a Chapter 11 petition (Bankr. N.D.
Ga. Case No. 19-52319) on February 11, 2019, and is represented by
M. Denise Dotson, Esq.


CLINTON NURSERIES: 14th Interim Cash Collateral Use Approved
------------------------------------------------------------
The Hon. James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut has signed an order and stipulation
authorizing Clinton Nurseries, Inc.'s and its affiliates'
fourteenth interim use of cash collateral through and including the
earlier of (i) March 30, 2019 or (ii) the date of termination of
the use of cash collateral due to an event of default.

A hearing to consider further continued use of Cash Collateral will
be held on March 29, 2019 at 10:00 a.m. Any objection to the
Continued Cash Collateral Motion will be filed and served on or
before March 26. The Debtors will docket and serve a proposed order
for further use of Cash Collateral (which may be either a final or
further interim order) on or before March 25.

As of the Petition Date, the Debtors were indebted and liable to
Bank of the West: (a) under the Operating Agreement and the Loan
Documents, the principal amount of approximately $27,708,046, plus
accrued and unpaid interest thereon; (b) under the Real Estate
Note, the principal amount of $2,426,375, plus accrued and unpaid
interest thereon; and (c) all other fees, costs and additional
charges due under the Operating Agreement, the Real Estate Note and
the other Loan Documents, including but not limited to Bank of the
West's costs and attorneys' fees and other professionals' fees that
are chargeable or reimbursable under the Loan Documents.

Bank of the West has negotiated in good faith regarding the
Debtors' use of the prepetition collateral (including the cash
collateral) to fund the administration of the Debtors' estate and
continued operation of the Debtors' business.  Bank of the West has
agreed to permit the Debtors to use the prepetition collateral,
including the cash collateral, subject to following terms set forth
in the Fourteenth Interim Order:

      (a) The Debtor will pay to Bank of the West interest at the
contractual, non-default, rate of interest set forth in the
Operating Agreement and the Real Estate Note, all such amounts to
be paid in accordance with the Budget, not to exceed $85,000 for
January 2019 period and $85,000 for March 2019 period.

      (b) Bank of the West is granted a valid, binding, enforceable
and perfected senior replacement liens on and security interests in
all property and assets of any kind and nature in which the Debtors
have an interest, whether real or personal.

      (c) Bank of the West is also granted allowed superpriority
claims senior to all other administrative expense claims and to all
other claims, to the extent of any diminution in value of the
Prepetition Collateral in which the Debtors have an interest
resulting from any use of Cash Collateral.

      (d) All of the Lender's Cash Collateral will be deposited and
maintained at all times in accounts in the name of the Debtors at
Webster Bank, and not commingled with any funds which do not
constitute the Lender's Cash Collateral. The Debtors will maintain
its current cash management system, subject to any changes
reasonably acceptable to the Bank of the West.

Warren Richards, Jr. and Ann Richards, Varilease Finance, Inc., and
Spring Meadow Nursery, Inc. (the "Other Lien Holders"), may assert
interests in some portion of the cash collateral.  To the extent
that any of the Other Lien Holders hold an interest in the cash
collateral, each such Other Lien Holder is granted (a) a
replacement lien on all of the Prepetition Collateral and the
Postpetition Collateral and (b) a Superpriority Claim. Such
replacement liens and Superpriority Claims will be only for the
amount of any diminution in value (if any) of such Other Lien
Holder's interest (if any) in the cash collateral and that such
replacement liens or superpriority claim will be only to the same
validity, priority and extent of any prepetition interest in the
cash collateral held by such Other Lien Holder.

The Debtors will also provide to Bank of the West, Varilease
Finance, Inc. and the Committee the following, upon execution of an
appropriate non-disclosure agreement:

     (a) Any projections prepared by the Debtors and/or True North,
when finalized;

     (b) The CIM (Confidential Information Memorandum) being
drafted by True North, when completed;

     (c) Copies of all shipping orders and related documentation
received by the Debtors from Lowes and Walmart, but only to the
extent such information is not covered by a confidentiality or
non-disclosure agreement between Lowes and Walmart;

     (d) All final expressions of interest and letters of intent
received by the Debtors, when received;

     (e) Any financial information provided to Bank of the West,
when provided to Bank of the West; and

     (f) Any notification received by the Debtors that any customer
comprising more than 10% of their annual business is terminating
their relationship with one or more of the Debtors, when received.

A full-text of the Fourteenth Interim Order is available at:

               http://bankrupt.com/misc/ctb17-31897-640.pdf

                    About Clinton Nurseries

Founded in 1921, Clinton Nurseries, Inc., operates nurseries that
produce ornamental plants and other nursery products.  The company
grows trees, flowering shrubs, roses, ornamental grasses & ground
covers, perennials, annuals, herbs and vegetables. Clinton
Nurseries is based in Westbrook, Connecticut.

Clinton Nurseries and its affiliates sought Chapter 11 protection
(Bankr. D. Conn. Case No. 17-31897) on Dec. 18, 2017.  David
Richards, president, signed the petition.  The cases are jointly
administered under Case No. 17-31897.  At the time of filing,
Clinton Nurseries estimated its assets and liabilities at $10
million to $50 million.

Judge James J. Tancredi oversees the cases.  

Zeisler & Zeisler, P.C. is the Debtors' legal counsel.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors.  The committee tapped Green & Sklarz LLC as
its legal counsel.


CMP RECYCLING: Case Summary & 7 Unsecured Creditors
---------------------------------------------------
Debtor: CMP Recycling & Transport, Inc.
           dba CMP Recycling & Transportation, Inc.
        221 N. Kansas, Ste. 700
        El Paso, TX 79901

Business Description: CMP Recycling & Transport, Inc. is
                      engaged in recycling and treatment of
                      miscellaneous waste products.

Chapter 11 Petition Date: March 19, 2019

Court: United States Bankruptcy Court
       Western District of Texas (El Paso)

Case No.: 19-30469

Judge: Hon. Christopher H. Mott

Debtor's Counsel: E. P. Bud Kirk, Esq.
                  E. P. BUD KIRK
                  600 Sunland Park Drive, Ste. 400
                  El Paso, TX 79912
                  Tel: (915) 584-3773
                  E-mail: budkirk@aol.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Victor H. Hernandez, president.

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

       http://bankrupt.com/misc/txwb19-30469_creditors.pdf

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

             http://bankrupt.com/misc/txwb19-30469.pdf


COCRYSTAL PHARMA: Delays Filing of 2018 Annual Report
-----------------------------------------------------
Cocrystal Pharma, Inc., has filed a Notification of Late Filing on
Form 12b-25 with respect to its Annual Report on Form 10-K for its
fiscal year ended Dec. 31, 2018.

The Company is in the process of finalizing certain accounting
matters and its assessment of its internal control over financial
reporting.  The Company's independent registered public accounting
firm is still completing their audit procedures in regards to those
matters.  As a result, the Company cannot file the Form 10-K by the
March 18, 2019 deadline.  Pursuant to Rule 12b-25 promulgated under
the Securities Exchange Act of 1934, the Registrant will file the
Form 10-K no later than April 2, 2019, the 15th calendar day
following the prescribed Form 10-K filing deadline.

                       Accounting Matters

Cocrystal Pharma is in the process of finalizing certain accounting
matters and its assessment of its internal control over financial
reporting.  The Company's independent registered public accounting
firm is still completing their audit procedures in regards to those
matters.  As a result, the Company is filing the extension notice
under Rule 12b-25 of the Securities Exchange Act of 1934 which
gives the Company an automatic 15-day extension to file its Form
10-K.

The Company expects to report a total loss of approximately $63
million which will include a $54 million non-cash write off of its
remaining in-process research and development intangible asset.
The Company's research and development expenses of approximately
$59 million included the $54 million write off of IPR&D.  Excluding
the $54 million write off of IPR&D, its research and development
expenses primarily consisted of compensation-related costs for its
employees dedicated to research and development activities and for
its Scientific Advisory Board, as well as lab supplies, CRO costs,
lab services, facilities and equipment costs. The Company abandoned
the compounds associated with the IPR&D intangible asset, which
were acquired in our November 2014 merger with RFS Pharma.  Since
the compounds which were licensed to RFS Pharma by Emory University
were no longer needed in the Company's HCV program it terminated
its license agreement of these compounds with Emory.  The Company's
HCV program, including clinical trials (as well as the clinical
trial scheduled to begin in Hong Kong), only use its CC-31244
compound in combination with approved drugs. The Company's CC-31244
compound was created in its labs and was not one of the IPR&D
compounds licensed from Emory.  The Company's HCV program is now
focused on combining its CC-31244 compound with approved products
rather than in combination with its own products still in early
development.  The goal of developing ultra-short treatments of
four-six weeks remains the same.

On Dec. 6, 2018, the Company notified Emory of the termination of
its License Agreement with Emory, dated March 7, 2013.  The License
Agreement covered patents and patent applications for HCV
inhibitors, which the Company no longer considers essential to its
HCV program.  As part of the Company's HCV program, the Company
continues to focus its efforts on CC-31244.  The Company had the
right to terminate the License Agreement at its sole discretion
upon 90 days' prior written notice and upon payment of all amounts
due Emory under the License Agreement through the date of
termination.  As of March 19, 2019, the License Agreement has been
terminated, no amounts were due under the License Agreement and
none will be owed in the future.

                      About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a clinical stage biotechnology company discovering and
developing novel antiviral therapeutics that target the replication
machinery of hepatitis viruses, influenza viruses, and noroviruses.
The company is headquartered in Tucker, Georgia.

Cocrystal Pharma reported a net loss of $613,000 on $0 of grant
revenues for the year ended Dec. 31, 2017, compared to a net loss
of $74.87 million on $0 of grant revenues for the year ended Dec.
31, 2016.  As of Sept. 30, 2018, the Company had $124.17 million in
total assets, $13.27 million in total iabilities and $110.90
million in total stockholders' equity.

The Company's auditors issued an audit opinion for the year ended
Dec. 31, 2017 which contained what is referred to as a "going
concern" opinion.  BDO USA, LLP, in Seattle, Washington, noted that
the Company has suffered recurring losses from operations and has
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


COCRYSTAL PHARMA: Raymond Schinazi Has 34.5% Stake as of Jan. 10
----------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities and individuals reported beneficial
ownership of shares of common stock of Cocrystal Pharma, Inc. as of
Jan. 10, 2019:

                                           Shares     Percent
                                        Beneficially    of
  Reporting Person                          Owned      Class
  ----------------                      ------------  -------
Raymond F. Schinazi                      10,361,985    34.5%
Phillip Frost, M.D.                       3,666,931    12.3%
Frost Gamma Investments Trust             3,655,265    12.2%
Gary Wilcox                                 564,952     1.9%
Roger Kornberg                              515,481     1.7%
Steven D. Rubin                              32,197  Less Than
0.1%

The beneficial ownership percentages are based on 29,923,076 shares
of Common Stock outstanding as of Nov. 6, 2018 (as stated in the
Issuer's Quarterly Report on Form 10-Q filed with the Securities
and Exchange Commission on Nov. 9, 2018).

Dr. Schinazi is the beneficial owner of 10,361,985 shares of Common
Stock representing 34.5% of the voting power of the Issuer,
including (i) shares of Common Stock held directly by Dr. Schinazi,
(ii) 995,593 shares of Common Stock held by RFS Partners, LP, an
entity controlled by Dr. Schinazi, and (iii) 125,464 shares of
Common Stock issuable upon exercise of fully vested options.  Dr.
Schinazi has sole dispositive power and, by virtue of the
Stockholder Agreement shared voting power, with respect to these
shares.

On Dec. 27, 2018, Dr. Frost and the Trust entered into a settlement
agreement with the SEC, which was approved by the court on Jan. 10,
2019, to resolve an action brought by the SEC against Dr. Frost,
the Trust, and others, in SEC v. Honig et al., 18 Civ. 08175
(S.D.N.Y.). Without admitting or denying the SEC's allegations, Dr.
Frost agreed to injunctions from violations of the Sections 5(a),
5(c), and 17(a)(2) of the Securities Act of 1933 and Section 13(d)
of the Securities Exchange Act of 1934 and Rule 13d-1(a)
thereunder; approximately $5.5 million in penalty, disgorgement,
and prejudgment interest; and a prohibition, with certain
exceptions, from trading in penny stocks.  Without admitting or
denying the SEC's allegations, the Trust agreed to injunctions from
violations of Section 17(a)(2) of the Securities Act of 1933; and a
prohibition, with certain exceptions, from trading in penny
stocks.

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

                       https://is.gd/B4fdSg

                      About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a clinical stage biotechnology company discovering and
developing novel antiviral therapeutics that target the replication
machinery of hepatitis viruses, influenza viruses, and noroviruses.
The company is headquartered in Tucker, Georgia.

Cocrystal Pharma reported a net loss of $613,000 on $0 of grant
revenues for the year ended Dec. 31, 2017, compared to a net loss
of $74.87 million on $0 of grant revenues for the year ended Dec.
31, 2016.  As of Sept. 30, 2018, the Company had $124.17 million in
total assets, $13.27 million in total liabilities and $110.90
million in total stockholders' equity.

The Company's auditors issued an audit opinion for the year ended
Dec. 31, 2017 which contained what is referred to as a "going
concern" opinion.  BDO USA, LLP, in Seattle, Washington, noted that
the Company has suffered recurring losses from operations and has
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


COOL CONCEPTS: Hires McDonald Carano as Bankruptcy Counsel
----------------------------------------------------------
Cool Concepts, Inc., seeks authority from the U.S. Bankruptcy Court
for the District of Nevada to employ McDonald Carano LLP, as
bankruptcy counsel to the Debtor.

Cool Concepts requires McDonald Carano to:

   a. provide legal advice and assistance to the Debtor relative
      to the administration of the case;

   b. represent the Debtor at hearings held before the Court and
      communicate with the Debtor regarding issues raised, as
      well as the decisions of the Court;

   c. assist and advise the Debtor in its examination and
      analysis of the conduct of the Debtor's affairs and the
      reasons for this chapter 11 filing;

   d. assist in preparing, reviewing and analyzing all
      applications, motions, orders, statements of operations,
      schedules, statement of financial affairs, and monthly
      operating reports to be filed with the Court by the Debtor,
      and any other filings by third parties;

   e. advise the Debtor as to the propriety of third-party
      filings, and, after consultation with the Debtor, take
      appropriate action;

   f. prepare witnesses and review documents;

   g. apprise the Court of the Debtor's analysis of their
      operations;

   h. confer with the accountants and any other professionals
      retained by the Debtor, if any are selected and approved,
      so as to advise the Debtor and the Court more fully of
      the Debtor's operations;

   i. assist the Debtor in its negotiations with creditors and
      other parties-in-interest;

   j. assist the Debtor in preparing and confirming a plan of
      reorganization proposed by the Debtor or other parties-in-
      interest and advise as to whether it is in the best
      interest of creditors and is feasible;

   k. assist the Debtor with such other services as may
      contribute to the confirmation of a plan of reorganization;

   l. advise and assist the Debtor in evaluating and prosecuting
      any claims that the Debtor may have against third parties
      and others; and

   m. assist the Debtor in performing such other services as may
      be in the interest of creditors, the Debtor and the
      Debtor's estate.

McDonald Carano will be paid at these hourly rates:

     Ryan J. Works, Partner             $450
     Amanda M. Perach, Associate        $350
     Brian Grubb, Paralegal             $210

McDonald Carano will be paid a retainer in the amount of $10,000.

McDonald Carano will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Amanda M. Perach, a partner at McDonald Carano, 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.

McDonald Carano can be reached at:

     Amanda M. Perach, Esq.
     Ryan J. Works, Esq.
     McDONALD CARANO LLP
     2300 West Sahara Avenue, Suite 1200
     Las Vegas, NV 89102
     Telephone: (702) 873-4100
     Facsimile: (702) 873-9966
     E-mail: aperach@mcdonaldcarano.com
             rworks@mcdonaldcarano.com

                      About Cool Concepts

Founded in 2002, Cool Concepts -- https://www.coolconceptsusa.com/
-- provides HVAC services to commercial and residential clients.
The Company also offers expert maintenance checks as well as
repairs.  Cool Concepts is headquartered in Las Vegas, Nevada.

Cool Concepts, Inc., filed a Chapter 11 petition (Bankr. D. Nev.
Case No. 19-10595) on Jan. 31, 2019.  In the petition signed by
Terence T. Tarver, president, the Debtor disclosed $1,134,210 in
assets and $1,244,054 in liabilities.  The Hon. Mike K. Nakagawa
oversees the case.  McDonald Carano Wilson, serves as bankruptcy
counsel to the Debtor.





COUNTRY MORNING: Seeks to Hire Bailey & Busey as Counsel
--------------------------------------------------------
Country Morning Farms Cattle, LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Washington to employ
Bailey & Busey PLLC, as counsel to the Debtor.

Country Morning requires Bailey & Busey to represent the Debtor in
all aspects of its Chapter 11 bankruptcy proceedings.

Bailey & Busey will be paid at the hourly rate of $275.  Bailey &
Busey will be paid a retainer in the amount of $7,500.

Bailey & Busey will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Roger Bailey, a partner at Bailey & Busey, 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.

Bailey & Busey can be reached at:

     Roger Bailey, Esq.
     BAILEY & BUSEY PLLC
     411 North 2nd Street
     Yakima, WA 98901
     Tel: (509) 248-4282

             About Country Morning Farms Cattle

Country Morning Farms Cattle, LLC, is a privately held company that
operates a dairy product manufacturing business.

Country Morning Farms Cattle sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Wash. Case No. 19-00479) on March
1, 2019.  At the time of the filing, the Debtor disclosed
$16,774,453 in assets and $11,183,292 in liabilities.  The case is
assigned to Judge Frederick P. Corbit.  Bailey & Busey LLC is the
Debtor's legal counsel.


COUNTRY MORNING: Seeks to Hire Hames Anderson as Attorney
---------------------------------------------------------
Country Morning Farms, Inc., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Washington to employ
Hames Anderson Whitlow & O'Leary, as attorney to the Debtor.

Country Morning requires Hames Anderson to represent the Debtor in
all aspects of its Chapter 11 bankruptcy proceedings.

Hames Anderson will be paid at these hourly rates:

     Partners               $285 to $300
     Legal Assistants          $110

Hames Anderson will also be reimbursed for reasonable out-of-pocket
expenses incurred.

William L. Hames, partner of Hames Anderson Whitlow & O'Leary,
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.

Hames Anderson can be reached at:

     William L. Hames, Esq.
     HAMES ANDERSON WHITLOW & O'LEARY
     601 W. Kennewick Avenue
     Kennewick, WA 99336
     Tel: (509) 586-7797

                 About Country Morning Farms

Country Morning Farms, Inc., is a privately held company in the
cattle ranching and farming business.  Country Morning Farms grows
its own feeds, milk its own cows, and delivers fresh dairy products
to its customers.

Country Morning Farms, Inc., based in Warden, WA, filed a Chapter
11 petition (Bankr. E.D. Wash. Case No. 19-00478) on March 1, 2019.
In the petition signed by Robert Gilbert, vice president, the
Debtor disclosed $6,421,269 in assets and $10,586,97 in
liabilities.  The Hon. Frederick P. Corbit oversees the case.
William L. Hames, Esq., at Hames Anderson Whitlow & O'Leary, serves
as bankruptcy counsel to the Debtor.





CR COMMERCIAL: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: CR Commercial Contractors, Inc.
        23027 North 15th Lane, Suite A
        Phoenix, AZ 85027

Business Description: CR Commercial Contractors --
                      http://crcontractors.com/--
                      is a privately held company in Phoenix,
                      Arizona that offers general contractor
                      services.

Chapter 11 Petition Date: March 18, 2019

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Case No.: 19-02937

Judge: Hon. Eddward P. Ballinger Jr.

Debtor's Counsel: Allan D. Newdelman, Esq.
                  ALLAN D NEWDELMAN, P.C.
                  80 E. Columbus Ave.
                  Phoenix, AZ 85012
                  Tel: 602-264-4550
                  Fax: 602-277-0144
                  E-mail: anewdelman@adnlaw.net

Total Assets: $881,104

Total Liabilities: $2,268,945

The petition was signed by Douglas R. Terrill, chief operating
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/azb19-02937.pdf


CYRILLA LANDSCAPING: Hires Peter M. Habib as Accountant
-------------------------------------------------------
Cyrilla Landscaping & Supply Co. Inc., seeks authority from the
U.S. Bankruptcy Court for the Western District of Pennsylvania to
employ Peter M. Habib & Associates, Inc., as accountant to the
Debtor.

Cyrilla Landscaping requires Peter M. Habib to:

   a. prepare Balance Sheets and Statement of Income;

   b. perform any necessary bookkeeping;

   c. prepare Tax Returns;

   d. assist with the preparation of any reports needed by the
      Bankruptcy Court;

   e. prepare Monthly Operating Reports; and

   f. provide general accounting advice.

Peter M. Habib will be paid at these hourly rates:

     Partners                $150-$200
     Staffs                  $40

Peter M. Habib will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Joseph T. Habib, partner of Peter M. Habib & Associates, Inc.,
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.

Peter M. Habib can be reached at:

     Joseph T. Habib
     PETER M. HABIB & ASSOCIATES, INC.
     5 Hot Metal Street, Suite 202
     Pittsburgh, PA 15203
     Tel: (412) 432-1120
     Fax: (412) 431-3593

              About Cyrilla Landscaping & Supply

Cyrilla Landscaping & Supply Co. Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
17-23819) on Sept. 22, 2017.  In the petition signed by Michael C.
Cyrilla, authorized representative, the Debtor estimated assets and
liabilities of less than $500,000.  Judge Gregory L. Taddonio
oversees the case.  PETER M. HABIB & ASSOCIATES, INC., is the
Debtor's counsel.




CYTORI THERAPEUTICS: Chief Financial Officer Resigns
----------------------------------------------------
Tiago Girao notified Cytori Therapeutics, Inc., of his intention to
resign from his position as chief einancial officer and secretary,
to pursue another opportunity, according to a Form 8-K filed with
the Securities and Exchange Commission.  He will remain with the
Company as its chief financial officer and Secretary through March
31, 2019.  Cytori said Mr. Girao's departure is not due to a
dispute or disagreement with the Company or the Company's
auditors.

On March 15, 2019, the board of directors of the Company approved
the appointment of Gary Titus to succeed Mr. Girao as the Company's
chief financial officer effective April 1, 2019 and subject to
certain employment procedures.  Mr. Titus' base salary will be
$309,000 per year and he will be eligible for an annual incentive
bonus with a target amount of 40% of his base salary.
Additionally, upon approval by the Board, Mr. Titus is expected to
be granted an option to purchase 138,000 shares of the Company's
common stock under the amended and restated Cytori Therapeutics,
Inc. 2014 Equity Incentive Plan, with an exercise price equal to
the fair market value of the Company's common stock on the date of
grant, which option would vest monthly over one year.

Mr. Titus, age 59, has more than 20 years of business experience in
the healthcare and biopharmaceutical industries, primarily in
senior management and Board of Directors roles.  Prior to his
appointment as the Company's chief financial officer, from 2015 to
2018, Mr. Titus was the chief financial officer of UroGen Pharma
LTD where he built the US operations and led the IPO for this
international company on Nasdaq in 2017.  Prior to that from 2014
to 2015, Mr. Titus held the position of chief financial officer of
BioCardia, Inc.  From 2008 to 2013, Mr. Titus was senior vice
president and chief financial officer at SciClone Pharmaceuticals,
Inc.  From 2006 to 2008, Mr. Titus was senior vice president of
finance and chief financial officer at Kosan Biosciences, Inc.
From 2003 to 2006, he was chief financial officer and vice
president at Nuvelo, Inc.  Earlier in his career, Mr. Titus held a
variety of positions at other companies, including Metabolex, Inc.,
Intrabiotics Pharmaceuticals, Inc. and Johnson & Johnson's
healthcare division, LifeScan, Inc.  Mr. Titus has been a member of
the board of directors of ImmunoCellular Therapeutics, Ltd. since
December 2012 and was appointed chairman in September 2015.  Mr.
Titus holds a B.S. in Accounting from the University of South
Florida and a B.S. in Finance from the University of Florida.  Mr.
Titus also completed the Global BioExecutive Program at the
University of California Berkeley's Haas School of Business.

                            About Cytori

Based in San Diego, California, Cytori -- http://www.cytori.com/--
is developing, manufacturing, and commercializing
nanoparticle-delivered oncology drugs and autologous
adipose-derived regenerative cell (ADRC) therapies within its
Nanomedicine and Cell Therapy franchises, respectively.  Cytori
Nanomedicine is focused on the liposomal encapsulation of
anti-neoplastic chemotherapy agents, which may enable the effective
delivery of the agents to target sites while reducing systemic
toxicity.  The Cytori Nanomedicine product pipeline consists of
ATI-0918 pegylated liposomal doxorubicin hydrochloride for breast
cancer, ovarian cancer, multiple myeloma, and Kaposi's sarcoma, a
complex/hybrid generic drug, and ATI-1123 patented
albumin-stabilized pegylated liposomal docetaxel for multiple solid
tumors.  Cytori Cell Therapy, prepared within several hours with
the proprietary Celution System and administered to the patient the
same day, has been shown in preclinical and clinical studies to act
principally by improving blood flow, modulating the immune system,
and facilitating wound repair.  As a result, Cytori Cell Therapy
may provide benefits across multiple disease states and can be made
available to the physician and patient at the point-of-care.

Cytori reported a net loss of $22.68 million for the year ended
Dec. 31, 2017, compared to a net loss of $22.04 million for the
year ended Dec. 31, 2016.  As of Sept. 30, 2018, Cytori had $25.53
million in total assets, $19.39 million in total liabilities and
$6.13 million in total stockholders' equity.

The audit report of the Company's independent registered public
accounting firm BDO USA, LLP, in San Diego, California, covering
the Dec. 31, 2017 consolidated financial statements contains an
explanatory paragraph that states that the Company's recurring
losses from operations, liquidity position, and debt service
requirements raise substantial doubt about its ability to continue
as a going concern.


DIFFUSION PHARMACEUTICALS: Widens Net Loss to $26.6-Mil. in 2018
----------------------------------------------------------------
Diffusion Pharmaceuticals Inc. has filed with the Securities and
Exchange Commission its Annual Report on Form 10-K reporting a net
loss attributable to common stockholders of $26.62 million for the
year ended Dec. 31, 2018, compared to a net loss attributable to
common stockholders of $2.61 million for the year ended Dec. 31,
2017.

The Company has not generated any revenues from product sales and
has funded operations primarily from the proceeds of public
offerings, convertible debt and convertible preferred stock.  The
Company said substantial additional financing will be required by
it to continue to fund its research and development activities.  No
assurance can be given that any such financing will be available
when needed or that the Company's research and development efforts
will be successful.

As of Dec. 31, 2018, Diffusion had $18.20 million in total assets,
$2.59 million in total liabilities, and $15.61 million in total
stockholders' equity.

KPMG LLP, in McLean, Virginia, the Company's auditor since 2015,
issued a "going concern" qualification in its report on the
consolidated financial statements for the year ended Dec. 31, 2018,
citing that the Company has suffered recurring losses from
operations, has limited resources available to fund current
research and development activities, and will require substantial
additional financing to continue to fund its research and
development activities that raise substantial doubt about its
ability to continue as a going concern.

Diffusion said, "[W]e have a history of operating losses and expect
to continue to incur losses in the foreseeable future, which raises
substantial doubt regarding our ability to continue as a going
concern.  We currently have no sources of revenue and our ability
to continue as a going concern is dependent on our ability to raise
capital to fund our operations and future business plans.
Additionally, volatility in the capital markets and general
economic conditions in the United States may be a significant
obstacle to raising the required funds.  The consolidated financial
statements do not include any adjustments that might be necessary
should the Company be unable to continue as a going concern. If the
going concern basis were not appropriate for these financial
statements, adjustments would be necessary in the carrying value of
assets and liabilities, the reported expenses and the balance sheet
classifications used.  If we are unable to continue as a going
concern, our shareholders could suffer the loss of all or a
substantial portion of their investment in us."

A full-text copy of the Form 10-K is available for free at:

                       https://is.gd/77tAgM

                   About Diffusion Pharmaceuticals

Based in Charlottesville, Virginia, Diffusion Pharmaceuticals Inc.
-- http://www.diffusionpharma.com/-- is a clinical-stage
biotechnology company focused on extending the life expectancy of
cancer patients by improving the effectiveness of current
standard-of-care treatments including radiation therapy and
chemotherapy.  Diffusion is developing its lead product candidate,
trans sodium crocetinate (TSC), for use in the many cancers where
tumor hypoxia (oxygen deprivation) is known to diminish the
effectiveness of SOC treatments. TSC targets the cancer's hypoxic
micro-environment, re-oxygenating treatment-resistant tissue and
making the cancer cells more vulnerable to the therapeutic effects
of SOC treatments without the apparent occurrence of any serious
side effects.


DIPLOMAT PHARMACY: S&P Cuts ICR to 'B' on Deteriorating Operations
------------------------------------------------------------------
S&P Global Ratings lowered the issuer credit rating on Diplomat
Pharmacy Inc. to 'B' from 'B+', driven by higher expected leverage
in 2019. The outlook is negative. S&P is also lowering the
issue-level rating for the senior credit facility to 'B' from 'B+'.
The recovery rating is unchanged at '3', indicating S&P's
expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery in the event of a payment default.

"The downgrade reflects our expectation that EBITDA will decline
sharply in 2019, and that S&P-adjusted financial leverage will
exceed 6x for 2019, versus our previous projection of about 4x. The
difficulty of competing as a niche specialty pharmacy/PBM in an
evolving healthcare space with vertically integrated competitors,
who can direct patients to their own specialty pharmacy and PBM, is
greater than we had anticipated. We believe that Diplomat is at a
structural disadvantage and are skeptical of a material recovery
beyond 2019 due to the company's moderate scale,
higher-than-expected competition, and significant management
turnover. Longer-term, there is also significant regulatory risk in
the PBM sector that could hurt Diplomat's profitability," S&P
said.

"The negative outlook reflects the elevated potential for a
downgrade if operating metrics continue to deteriorate beyond our
current expectation, such that we no longer expect the company to
generate annual free cash flow of at least $10 million to $20
million to meet the mandatory debt amortization and pass the
covenant tests," S&P said.


DOUBLE EAGLE: Dismissal of Suit vs Markwest, et al., Recommended
----------------------------------------------------------------
Magistrate Judge Joseph H.L. Perez-Montes recommends that the
Defendants' motion to dismiss the case captioned DOUBLE EAGLE
ENERGY SERVICES, LLC, Plaintiff, v. MARKWEST UTICA E M G, LLC, Et
al., Defendants, Civil Action No. 1:18-CV-00573 (W.D. La.) be
granted.

The Defendants argue that (1) the Court lacks subject matter
jurisdiction over Defendants MarkWest Utica EMG, LLC and Ohio
Gathering Company, LLC; or (2) of improper venue. Additionally,
Defendants request that the Court abstain from presiding over this
matter and dismiss it in the interest of justice and comity with
Ohio state courts and respect for Ohio law.

Even though DEES based jurisdiction in its Complaint upon 28 U.S.C.
section 1334, Defendants also argue that this suit lacks complete
diversity of citizenship. Ohio Gathering is a limited liability
company, 60% of which is owned by MarkWest. 55% of MarkWest is
owned by MarkWest Utica Operating Company, L.L.C. MarkWest Energy
Partners, L.P. owns 100% of Utica Operating, and MarkWest Energy
Partners, L. P. is owned 100% by its partners, MPLX L.P. (99%) and
MWE GP L.L.C. (1%).

MPLX L.P. is a publicly traded master limited partnership and has
limited partners who reside in Louisiana. A limited liability
company ("LLC") is a citizen of every state in which any member of
the company is a citizen, and the citizenship of an LLC is
determined by the citizenship of all its members. If the members
are themselves partnerships or LLCs, corporations or other
entities, their citizenship must be alleged in accordance with the
rules applicable to that entity, and the citizenship must be traced
through however many layers of members or partners there may be.
Thus, for diversity purposes, Defendants Ohio Gathering and
MarkWest are citizens of Louisiana. The Court further finds that
this lawsuit lacks complete diversity.

The Defendants also argue that the communications to negotiate the
contract with DEES, who is based in Louisiana, are not sufficient
to confer personal jurisdiction. An exchange of communications in
the course of developing and carrying out a contract also does not,
by itself, constitute the required purposeful availment of the
benefits and protections of a state's laws.

The Defendants note that they are corporations registered outside
of Louisiana and have their principal places of business outside of
Louisiana. Defendants further note that all of the work under the
contract was performed in Ohio. The Court agrees that Defendants do
not have sufficient minimum contacts with Louisiana to permit this
Court to exercise personal jurisdiction over them based on specific
jurisdiction.

The Defendants argue that this Court also lacks general
jurisdiction over them. Specifically, they argue that the presence
of LLC members who are Louisiana citizens6 is not sufficient to
confer personal jurisdiction. The Supreme Court has looked to an
LCC's principal place of business and state of incorporation to
determine whether a court can constitutionally exercise personal
jurisdiction over an LLC. District courts have interpreted the
Court's holding in Daimler to suggest that citizenship of the
members of LLCs is irrelevant to the determination of whether the
LLC is subject to personal jurisdiction. To determine whether the
LLC is "at home" in the forum state, the courts look to the
principal place of business.

The Court finds that there is neither specific nor general
jurisdiction over Defendants. Therefore, there is no valid basis to
exercise personal jurisdiction over these Defendants.

For the said reasons, the Court recommends that Defendants' Motion
to Dismiss Complaint be granted for lack of jurisdiction and that
this lawsuit be dismissed with prejudice.

A copy of the Court's Report and Recommendation dated Jan. 30, 2019
is available at https://bit.ly/2FjCqc8 from Leagle.com.

Double Eagle Energy Services L L C, Plaintiff, represented by Cole
Boyett Smith -- csmith@colvinfirm.com -- Colvin Smith & McKay &
James H. Colvin, Jr. -- jcolvin@colvinfirm.com -- Colvin Smith &
McKay.

MarkWest Utica E M G L L C & Ohio Gathering Co L L C, Defendants,
represented by Mark A. Mintz -- mmintz@joneswalker.com -- Jones
Walker, Madison Mary Tucker -- mtucker@joneswalker.com -- Jones
Walker & Wayne G. Zeringue, Jr. -- wzeringue@joneswalker.com --
Jones Walker.

            About Double Eagle Energy Services

Founded in 2006, Double Eagle Energy Services, a company based in
Alexandria, Louisiana, provides general contracting services
including constructing water and sewer mains.

Double Eagle Energy Services filed a Chapter 11 petition (Bankr.
W.D. La. Case No. 17-80717) on July 17, 2017.  In the petition
signed by Joe Ratcliff or Bob Ratcliff, its owners, the Debtor
indicated $12.41 million in total assets and $13.18 million in
total liabilities.  Judge John W. Kolwe presides over the case.

Bradley L. Drell, Esq., at Gold, Weems, Bruser, Sues & Rundell,
serves as the Debtor's bankruptcy counsel.  Colvin, Smith & McKay
is the Debtor's special counsel.


DOVETAIL GALLERY: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee on March 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Dovetail Gallery Limited.

                  About Dovetail Gallery Limited

Dovetail Gallery Limited, which conducts business under the names
The Dovetail Gallery and Dovetail Gallery, Inc., filed a Chapter 11
petition (Bankr. W.D. Pa. Case No. 19-10134) on Feb. 14, 2019.  The
Debtor is represented by its counsel, Michael P. Kruszewski, Esq.
and the Quinn Law Firm.


DSN INC: Case Summary & 18 Unsecured Creditors
----------------------------------------------
Three affiliates that have filed voluntary petitions seeking relief
under Chapter 11 of the Bankruptcy Code:

      Debtor                                    Case No.
      ------                                    --------
      DSN, Inc.                                 19-80320
      2495 E. County Road 650
      Plymouth, IL 62367

      Glenview Pork, L.L.C.                     19-80321
      2495 E. County Road 650
      Plymouth, IL 62367

      Hellyer Brothers Livestock & Grain        19-80322
      2495 E. County Road 650
      Plymouth, IL 62367

Business Description: DSN, Inc., Glenview Pork, and Hellyer
                      Brothers are privately held companies that
                      operate in the livestock farming industry.

Chapter 11 Petition Date: March 19, 2019

Court: United States Bankruptcy Court
       Central District of Illinois (Peoria)

Judge: Hon. Thomas L. Perkins

Debtors' Counsel: B. Kip Shelby, Esq.
                  RAFOOL, BOURNE & SHELBY, P.C.
                  411 Hamilton Blvd #1600
                  Peoria, IL 61602
                  Tel: 309-673-5535
                  Email: ksnotice@mtco.com
                         sbnotice@mtco.com

DSN, Inc.'s
Estimated Assets: $1 million to $10 million

DSN, Inc.'s
Estimated Liabilities: $1 million to $10 million

Glenview Pork, L.L.C.'s
Estimated Assets: $1 million to $10 million

Glenview Pork, L.L.C.'s
Estimated Liabilities: $1 million to $10 million

Hellyer Brothers'
Estimated Assets: $1 million to $10 million

Hellyer Brothers'
Estimated Liabilities: $1 million to $10 million

The petitions were signed by Dennis Hellyer, president/manager.

A full-text copy of DSN, Inc.'s petition containing, among other
items, a list of the Debtor's 18 unsecured creditors is available
for free at:

             http://bankrupt.com/misc/ilcb19-80320.pdf

A full-text copy of Glenview Pork, L.L.C.'s petition containing,
among other items, a list of the Debtor's 10 unsecured creditors is
available for free at:

             http://bankrupt.com/misc/ilcb19-80321.pdf

A full-text copy of Hellyer Brotherss petition containing, among
other items, a list of the Debtor's 16 unsecured creditors is
available for free at:

             http://bankrupt.com/misc/ilcb19-80322.pdf


EASTERN SHOE: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee on March 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of The Eastern Shoe Company, LLC.

                  About The Eastern Shoe Company

The Eastern Shoe Company, LLC, which conducts business under the
name Pennsylvania Imports, is a provider of premium salt, harvested
from deep within the Himalayan Mountains.  Founded in 2005 in
Pittsburgh, Pennsylvania, the company also offers animal wellness,
home, and bath, body and wellness products.

The Eastern Shoe Company sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 19-20605) on Feb. 18,
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 case has been assigned to Judge Gregory L. Taddonio.  Steidl
and Steinberg, P.C. is the Debtor's legal counsel.


ELLIE MAE: Fitch Assigns First-Time 'B+' IDR; Outlook Stable
------------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating (IDR) of 'B+' to Ellie Mae, Inc. The Rating Outlook is
Stable. Fitch has also assigned a 'BB'/'RR2' rating to Ellie Mae's
$75 million secured revolving credit facility (RCF) and $965
million first lien secured term loan. The $385 million second lien
secured term loan is not being rated. The proceeds from the debt
issuance, along with equity contribution from Thoma Bravo, will be
used to fund the acquisition of Ellie Mae.

Thoma Bravo announced on Feb. 12, 2019 its plan to acquire Ellie
Mae for $3.7 billion. The acquisition will be financed with $1.35
billion in term loans, equity contribution from Thoma Bravo, and
cash on balance sheet at closing. Fitch's ratings are supported by
Ellie Mae's leading position in the mortgage loan origination
industry, combined with low penetration of third party SaaS-based
solutions, will support continuing revenue growth through mortgage
industry cyclicality.

Fitch believes the private equity ownership of Ellie Mae could
limit deleveraging as its equity owners seeks to optimize ROE.
While Fitch forecasts Ellie Mae to have capacity to delever to
below 5x through its forecast period, acquisitions and dividend
payments are likely to keep gross leverage at an elevated level
over the longer term. The operating and leverage profiles are
consistent with the 'B+' rating category.

KEY RATING DRIVERS

Strong Product Coverage Driving Customer Retention and Revenue
Growth: Ellie Mae's Encompass platform spans the entire mortgage
origination process from lead management through processing,
underwriting, closing, and post-closing. Increasing product
adoption by customers for various stages of the loan process
increases the number of touch points with customers, and results in
more resilient relationships while enabling Ellie Mae to capture
more value in the loan origination process. This is demonstrated by
its mid-90's customer retention rate and four-year revenue/loan
CAGR in the high-single-digits. The potential for growth in
revenue/loan provides Ellie Mae with sufficient buffer to mitigate
impact of industry cyclicality.

Continuing Market Share Gain Supported by Network Effect: Ellie
Mae's loan origination platform facilitates the efficient interface
and transactions among participants of the loan process through its
Ellie Mae Network, effectively forming an ecosystem around the
platform. This creates the network effect that should support
further market share gain as rising market share leads to
increasing efficiency for participants and becomes an increasingly
more critical component for mortgage loan processing. The existence
of the network effective creates a virtuous cycle for the dominant
platform.

Diversified Customer Base: Ellie Mae serves a diversified customer
base of over 2,500 customers with no single customer representing
more than 2% of revenues. Fitch believes this is largely reflective
of the mortgage loan industry and the diversity of customer base
should remain.

Resilient Business Model Supported by High Revenue Visibility: 66%
of Ellie Mae's 2018 revenues were recurring subscriptions, 27% were
generated from contracted transaction fees, and the remaining from
professional services. Fitch views the subscription revenues as
highly visible while the transaction fees are correlated to
mortgage origination volume. The aggregate of subscriptions and
transaction fees should provide over 85% visibility to revenue
generation. In conjunction with the strong FCF margins, Fitch views
the business model as highly resilient.

Industry Concentration and Cyclicality Risks: Ellie Mae's
end-market concentration makes it vulnerable to cyclicality to the
mortgage loan industry. Between 2008 and 2017, mortgage
originations fluctuated between 6 million and 10 million with
numerous peaks and troughs. Fitch believes such cyclicality is
inherent to the mortgage industry and will continue to serve as
underlying demand for participants in the mortgage loan industry.
The increasing adoption of Ellie Mae's products has enabled the
company to maintain consistent revenue growth through the mortgage
cycles.

Secular Growth Driven by Increasing Penetration: Ellie Mae has
managed to consistently grow its revenue from 2008-2018 with 30%
CAGR despite the industry cyclicality. The growth has been driven
by the increasing number of mortgage loans closed utilizing Ellie
Mae's platform and the rising revenue per loan Ellie Mae has been
able to generate. Ellie Mae's Encompass platform reduces cost for
the mortgage origination process by integrating and automating
workflow that has traditionally been labor intensive. The company
estimates that its product provides savings of $970 per closed loan
and reduces time to close. With the cost of loan production rising
by nearly 2.5x since 2008, there are greater incentives for
adoption of cost saving solutions.

Private Equity Ownership Could Limit Deleveraging: Pro forma for
the leverage buyout by Thoma Bravo, gross leverage will be elevated
at 7.8x for 2019. Fitch forecast gross leverage to decline rapidly
to 5.6x in 2020 benefiting from organic EBITDA growth and
realization of identified cost optimization. Fitch believes Ellie
Mae's strong FCF generating capability would provide capacity to
further delever to below 5x by 2022. However, the company is likely
to delever at a more moderate pace as the private equity ownership
would optimize ROE through optimal capital structure. Fitch also
believes Thoma Bravo's over 60% equity contribution reflects its
confidence in Ellie Mae's resilient business model.

DERIVATION SUMMARY

Fitch's ratings are supported by Ellie Mae's solid position in the
mortgage loan origination industry driven by the value creation
through its products. Its industry leading position and continuing
growth in revenue/loan compounded by the network effect in its
platform should enable the company to maintain a strong growth
trajectory through Fitch's forecast period. The quantifiable value
creation and mission critical nature of Ellie Mae's product is
demonstrated by its high customer retention rate in the mid-90's
and four-year revenue/loan CAGR in the high-single-digits. In
conjunction with the company's strong profitability, Ellie Mae has
ample flexibility to manage through mortgage industry cyclicality.

Fitch believes the private equity ownership of Ellie Mae could
limit deleveraging. While Fitch believes Ellie Mae has significant
capacity for deleveraging over its forecast period, private equity
ownership is likely to result in some level of leverage on an
ongoing basis to optimize ROE. In the near term, Fitch anticipates
Ellie Mae to focus on its product modernization and cost
optimization over the next 12-24 months resulting in elevated
capital expenditure while expanding EBITDA margins. In the longer
term, Fitch expects large portion of FCF to be used for
acquisitions and dividend payments to the owners. The operating and
leverage profiles are consistent with the 'B+' rating category.

KEY ASSUMPTIONS

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

  -- Revenue growth of high single-digits to low teens primarily
driven by higher revenue/loan on cyclically lower loan volume below
2018 level;

  -- EBITDA margins expanding in 2020 benefiting from cost
optimization efforts;

  -- Capex intensity in the mid-teens through 2020 to support
ongoing product modernization efforts then normalizes to
mid-single-digits;

  -- Acquisitions averaging $25 million per year;

  -- No dividend payout through Fitch's forecast period.

In estimating a distressed EV for Ellie Mae, Fitch assumes a going
concern EBITDA of $122 million. This EBITDA level adjusts for
one-time costs. This improvement in margins is off-set by a
material slowdown in mortgage originations. Fitch applies a 7x
multiple to arrive at EV of $854 million. The multiple is higher
than the median TMT enterprise value multiple, but is in line with
other similar software companies that exhibit strong FCF
characteristics. In the 21st edition of Fitch's Bankruptcy
Enterprise Value and Creditor Recoveries case studies, Fitch notes
nine past reorganizations in the Technology sector with recovery
multiples ranging from 2.6x to 10.8x. Of these companies, only
three were in the Software sector: Allen Systems Group, Inc.;
Avaya, Inc.; and Aspect Software Parent, Inc., which received
recovery multiples of 8.4x, 8.1x, and 5.5x, respectively. Ellie
Mae's strong market position and operating profile is supportive of
a recovery multiple in the upper-end of this range.

Assuming a fully drawn revolver and 10% admin claims, the analysis
suggests an 'RR2' recovery rating for the first lien facilities.

RATING SENSITIVITIES

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

  -- Fitch's expectation of gross leverage sustaining below 5.0x;

  -- FFO adjusted leverage sustaining below 5.5x;

  -- Revenue growth sustaining in the double digits with continuing
revenue/loan growth;

  -- FCF margins sustaining above 20%.

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

  -- Fitch's expectation that gross leverage sustaining above
6.0x;

  -- FFO adjusted leverage sustaining above 6.5x;

  -- Revenue growth sustaining at mid-single-digits or below, or
declining revenue/loan;

  -- FCF margins sustaining below 10%.

LIQUIDITY

Strong Liquidity: Pro forma for the transaction, the company will
have $184 million of cash on its balance sheet and full
availability under its $75 million revolving credit facility. Fitch
expects Ellie Mae to incur elevated capex in the near term as the
company invests in updated software to meet the new mortgage
application guidelines. The company also maintains a positive
working capital position driven by the higher percentage of
subscription revenues and related cash collections. Fitch forecasts
Ellie Mae's FCF margins to normalize in the high-teens in 2021
after cost optimization efforts are fully executed and product
modernization efforts are completed.

Ellie Mae's debt maturities are manageable with maturity schedule:

  -- $75 million revolving credit facility (undrawn) due 2024;

  -- $965 million first lien term loan due 2026;

  -- $385 million second lien term loan due 2027.

FULL LIST OF RATING ACTIONS

Fitch has assigned these first-time ratings:

Ellie Mae, Inc.

  -- Long-Term Issuer Default Rating 'B+'; Outlook Stable;

  -- $75 million secured revolving credit facility due 2024
'BB'/'RR2';

  -- $965 million first lien term loan due 2026 'BB'/'RR2'.

The $385 million second lien term loan is not being rated.



ELLIE MAE: Moody's Assigns B3 CFR & Rates New $1.04BB Loans B2
--------------------------------------------------------------
Moody's Investors Service assigned first time ratings to Ellie Mae,
Inc. with a Corporate Family Rating ("CFR") of B3 and a Probability
of Default Rating ("PDR") of B3-PD. Concurrently, Moody's assigned
a B2 rating to the issuer's proposed senior secured first lien
credit facility, comprised of a $965 million term loan and an
undrawn $75 million revolver. The proceeds of the new debt
financing, which also includes a proposed $385 million second lien
term loan (unrated), will be used to partially fund the purchase of
Ellie Mae by Thoma Bravo, LLC ("Thoma Bravo") for approximately
$3.7 billion (including fees). The ratings outlook is stable.

Moody's assigned the following ratings:

  Corporate Family Rating -- B3

  Probability of Default Rating -- B3-PD

  Gtd Senior Secured First Lien Revolving Credit Facility expiring

  2024 -- B2 (LGD3)

  Gtd Senior Secured First Lien Term Loan due 2026 -- B2 (LGD3)

Outlook Action:

  Outlook is Stable

RATINGS RATIONALE

Ellie Mae's B3 CFR is constrained by the company's high LTM debt
leverage (excluding unrealized cost synergies) of approximately 9x
(Moody's adjusted for operating leases) as well as its somewhat
limited scale and highly concentrated vertical market focus as a
provider of software solutions for residential mortgage oriented
applications to banks, credit unions, mortgage lenders, and other
financial services providers. Weak cash flow trends over the next
12-18 months, which will be hampered by costs from sizable software
development programs, the implementation of expense reduction
initiatives, and other cash outlays, add further uncertainty to the
company's credit profile. These risks are partially offset by Ellie
Mae's solid presence as provider of SaaS-based solutions within its
target market of financial services clients, high revenue
predictability driven by historically strong retention rates,
strong revenue growth and profitability trends, and a capital
structure supported by a meaningful equity cushion.

The B2 ratings for Ellie Mae's proposed first lien bank debt
reflect the borrower's B3-PD PDR and a Loss Given Default ("LGD")
assessment of LGD3. The B2 first lien ratings are one notch higher
than the CFR and take into account the first lien bank debt's
priority in the collateral and senior ranking in the capital
structure relative to the company's proposed second lien debt.

Ellie Mae's adequate liquidity is supported by the company's pro
forma cash balance of approximately $184 million following the
completion of the financing. A significant majority of this cash
position is expected to be used to fund expenditures expected to be
incurred over the next 12-18 months which will meaningfully weigh
on free cash flow generation. The company's liquidity is also
bolstered by an undrawn $75 million revolving credit facility.
While Ellie Mae's proposed term loans are not subject to financial
covenants, the revolving credit facility has a springing covenant
based on a maximum net first lien leverage ratio which the company
should be comfortably in compliance with over the next 12-18
months.

The stable outlook reflects Moody's expectation that Ellie Mae will
generate high-single digit organic revenue growth over the next 12
to 18 months. Sales gains should be principally driven by new
customer gains, product expansion within the company's installed
base, and pricing increases. Concurrently, the realization of
anticipated cost synergies should allow the company to generate
strong EBITDA growth during this period, driving a contraction in
leverage towards the mid 7x level by the end of 2020.

The rating could be upgraded if Ellie Mae sustains healthy
operating performance and successfully implements planned cost
rationalization programs while adhering to a conservative financial
policy. These measures, in conjunction with debt repayments that
would reduce debt to EBITDA (Moody's adjusted) to below 6.5x, would
add upward ratings pressure.

The rating could be downgraded if Ellie Mae were to experience a
weakening competitive position, sustained free cash flow deficits,
or the company maintains aggressive financial policies that prevent
meaningful deleveraging.

Ellie Mae, which is in the process of being acquired by Thoma
Bravo, is a leading cloud-based platform provider of software
solutions for the residential mortgage industry. Moody's projects
that the company will generate revenues of approximately $515
million in 2019.


ELLIE MAE: S&P Assigns 'B-' ICR on Thoma Bravo Acquisition
----------------------------------------------------------
S&P Global Ratings assigned its 'B-' issuer credit rating to
Pleasanton, Calif.-based Ellie Mae Inc., a software-as-a-service
(SaaS) provider of residential mortgage technology solutions. In
addition, S&P assigned its 'B' issue-level rating and '2' recovery
rating to the company's proposed first-lien credit facilities.

Thoma Bravo LLC, a U.S.-based private equity firm focused on
software and technology investments, is acquiring Ellie Mae for
approximately $3.7 billion. The acquisition will be partially
funded with about $348 million in balance sheet cash and short-term
investments, $1 billion in first-lien credit facilities ($965
million term loan and $75 million revolver) and a $385 million
second-lien term loan (unrated). Pro forma for the debt financing,
S&P Global Ratings- adjusted leverage will remain above 10x until
2021.

"Our rating on Ellie Mae reflects the company's aggressive
financial policies, narrow market focus, relatively small operating
scale, and operations in an intensely competitive and cyclical
residential loan origination market. Offsetting these factors are
Ellie Mae's well-entrenched and leading market position, scalable
multitenant SaaS platform, recurring revenue stream, good revenue
growth prospects, and EBITDA margin expansion opportunity," S&P
said.

S&P said the stable outlook reflects its forecast that Ellie Mae
has sufficient liquidity to fund its operations over the next 12
months, and that the company's solid market position and advanced
technology platform will result in revenue growth in the mid to
high-single-digit percent area and EBITDA margin expansion of 250
basis points to the 16% area.

"Although unlikely over the next 12 months, we could downgrade
Ellie Mae if we view its capital structure as unsustainable or
expect a significant decline in the company's liquidity position
such that it would need to borrow under the revolver. This could
occur if U.S. mortgage origination continues to decline sharply
resulting in reducing transaction-based revenue or causing delays
in new product sales, increased subscriber attrition due to market
consolidation, improved products from competitors, or technical
missteps implementing approaching URLA requirements," S&P said.

"While unlikely, we could raise the ratings if leverage is
sustained below 7x or FOCF to debt is maintained in the
mid-single-digit percent area. Additionally, we could raise the
ratings if Ellie Mae were to increase share, particularly among
tier-one mortgage lenders that are historically difficult to
penetrate as they use proprietary on-premises software, and we have
greater visibility into the execution of its cost synergy plan,"
S&P said.


ENERGY FUTURE: S. Fenicle Substantial Contribution Bid Nixed
------------------------------------------------------------
In the appeals cases captioned SHIRLEY FENICLE, INDIVIDUALLY, AND
AS SUCCESOR-IN-INTEREST TO THE ESTATE OF GEORGE FENICLE, et al.,
Appellants, v. THE EFH PLAN ADMINISTRATOR BOARD, et al., Appellees.
SHIRLEY FENICLE, INDIVIDUALLY, AND AS SUCCESOR-IN-INTEREST TO THE
ESTATE OF GEORGE FENICLE, et al., Appellants, v. THE EFH PLAN
ADMINISTRATOR BOARD, et al., Appellees, BAP No. 18-33, BAP No.
18-34 (D. Del.), District Judge Richard G. Andrews affirmed the
order of the  U.S. Bankruptcy Court for the District of Delaware
denying Appellants' Substantial Contribution Application.

The Appellants asserted that the Bankruptcy Court erred in denying
their application when it held that (1) the Appellants could not
receive reimbursement for attorney's fees because Appellants did
not pay those fees themselves and (2) that the Appellants had not
made a substantial contribution. Appellees EFH Plan Administrator
Board and United States Trustee asserted that the Bankruptcy Court
did not err.

The Appellants argued their assumption of "the role that ordinarily
would have been expected of a court-appointed representative,
regardless of the success of their efforts" constitutes a
"substantial contribution." This argument is unavailing. The
Bankruptcy Court determined that an independent legal
representative for the Unmanifested Asbestos Claimants was not
required. In doing so, the Bankruptcy Court pointed to the E-Side
Committee's "vigorous representation of asbestos-related
creditors." Appellants did not appeal that determination. As the
Bankruptcy Court held, Appellants were therefore not acting in
place of a representative, but in duplication of the
court-appointed representative, the E-Side Committee.

Furthermore, the Court agrees with the Bankruptcy Court that "just
being a committee or being a representative isn't enough. That
committee or representative capacity has to result in some positive
actions that benefit all creditors and the estates as a whole."
Therefore, to grant a substantial contribution application, the
Court must have evidence that the participation of the creditor in
a representative capacity created "an actual and demonstrable"
benefit.

The Appellants also have not provided any evidence that their
efforts "resulted in an actual and demonstrable benefit." The only
evidence Appellants submitted to the Bankruptcy Court with the
Substantial Contribution Application were fee records. Appellants
argue that they are not required to submit corroborating evidence
from another party because the Court may make factual findings from
its own first-hand observance of the proceedings. However, this
argument further buttresses the Bankruptcy Court's factual
determinations in light of Appellants' failure to carry their
evidentiary burden. Appellants submitted no evidence of substantial
contribution. The Bankruptcy Court drew on its observance of
Appellants' activities in the case to determine that no substantial
contribution was made. Appellants have not demonstrated that the
Bankruptcy Court clearly erred in determining that their efforts
did not result in an actual and demonstrable benefit.

Finally, the Appellants argue that the Court should either 1)
consider the possibility of Appellants' success in their ongoing
appeal of the Confirmation Order or 2) order the Bankruptcy Court
to postpone determination of the application until that appeal has
concluded. The possibility of success on the ongoing appeal of the
confirmation order should not be considered here. The mere
possibility of future success in an ongoing appeal is not an
"actual and demonstrable benefit" as required by the Bankruptcy
Code. Moreover, "[t]he substantial contribution test is applied in
hindsight." Therefore, it is improper to consider future action or
results thereof when considering a substantial contribution
application. Additionally, the Court does not think the Bankruptcy
Court erred by not deferring determination on the substantial
contribution application until after the appeal of the Confirmation
Order.

A copy of the Court's Memorandum Order dated Jan. 30, 2019 is
available at https://bit.ly/2OhHQsa from Leagle.com.

Shirley Fenicle, individually and as successor-in-interest to the
Estate of George Fenicle, et al, George Fenicle, David William
Fahy, John H. Jones, David Heinzmann, Harold Bissell, Kurt Carlson,
Robert Albini, individually and as successor-in-interest to the
Estate of Gino Albini, Denis Bergschneider, and Charlotte and
Curtis Liberda, Gino Albini, Denis Bergschneider, Charlotte Liberda
& Curtis Liberda, Appellants, represented by Daniel K. Hogan ,
Hogan McDaniel.

EFH Plan Administrator Board, Appellee, represented by Mark David
Collins -- Collins@rlf.com -- Richards, Layton & Finger, PA, Aparna
Yenamandra , Kirkland & Ellis LLP, pro hac vice, Daniel J.
DeFranceschi -- defranceschi@rlf.com -- Richards, Layton & Finger,
PA & Jason Michael Madron -- madron@rlf.com --  Richards, Layton &
Finger, PA.

Energy Future Holdings Corp., Appellee, represented by David M.
Klauder, Bielli & Klauder, LLC & Cory Preston Stephenson, Bielli &
Klauder, LLC.

                   About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas. Oncor, an
80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas. The
Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion. The Debtors had $42
billion of funded indebtedness as of the bankruptcy filing.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal. The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and
Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring Agreement
are represented by Akin Gump Strauss Hauer & Feld LLP, as legal
advisor, and Centerview Partners, as financial advisor. The EFH
equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor. Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.

On May 13, 2014, the U.S. Trustee appointed the Official Committee
of TCEH Unsecured Creditors in the Chapter 11 Cases. The TCEH
Committee is composed of (a) the Pension Benefit Guaranty
Corporation; (b) HCL America, Inc.; (c) BNY, as Indenture Trustee
under the EFCH 2037 Notes due 2037 and the PCRBs; (d) LDTC, as
Indenture Trustee under the TCEH Unsecured Notes; (e) Holt Texas
LTD, d/b/a Holt Cat; (f) ADA Carbon Solutions (Red River); and (g)
Wilmington Savings, as Indenture Trustee under the TCEH Second Lien
Notes. The TCEH Committee retained Morrison & Foerster LLP as
counsel; Polsinelli PC as co-counsel and conflicts counsel; Lazard
Freres & Co. LLC as investment banker; FTI Consulting, Inc., as
financial advisor; and Charles River Associates as an energy
consultant.

On Oct. 27, 2014, the U.S. Trustee appointed the Official Committee
of Unsecured Creditors representing the interests of the unsecured
creditors for EFH, EFIH, EFIH Finance, and EECI, Inc. The EFH/EFIH
Committee is composed of (a) American Stock Transfer & Trust
Company, LLC; (b) Brown & Zhou, LLC c/o Belleair Aviation, LLC; (c)
Peter Tinkham; (d) Shirley Fenicle, as successor-in-interest to the
Estate of George Fenicle; and (e) David William Fahy. The EFH/EFIH
Committee retained Montgomery, McCracken, Walker & Rhodes, LLP, as
co-counsel and conflicts counsel; AlixPartners, LLP, as
restructuring advisor; Sullivan & Cromwell LLC as counsel;
Guggenheim Securities as investment banker; and Kurtzman Carson
Consultants LLC as noticing agent for both the TCEH Committee and
the EFH/EFIH Committee.

Given the size and complexity of the Chapter 11 Cases, the U.S.
Trustee proposed, and the Debtors and the TCEH Committee agreed, to
recommend that the Bankruptcy Court appoint a committee to, among
other things, review and report as appropriate on fee applications
and statements submitted by the professionals paid for by the
Debtors' Estates. The Fee Committee is comprised of four members:
(a) one member appointed by and representative of the Debtors
(Cecily Gooch, Vice President and Special Counsel for
Restructuring, Energy Future Holdings); (b) one member appointed by
and representative of the TCEH Creditors' Committee (Peter Kravitz,
Principal and General Counsel, Province Capital); (c) one member
appointed by and representative of the U.S. Trustee (Richard L.
Schepacarter, Trial Attorney, Office of the United States Trustee);
and (d) one independent member (Richard Gitlin, of Gitlin and
Company, LLC). The Fee Committee retained Godfrey & Kahn, S.C., as
counsel; and Phillips, Goldman & Spence, P.A., as co-counsel.

On Aug. 29, 2016, Judge Sontchi confirmed the Chapter 11 exit Plans
of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.
(the "T-Side Debtors"). The Plan became effective on Oct. 3, 2016.

On Aug. 20, 2017, Sempra Energy (NYSE:SRE) announced an agreement
to acquire Energy Future Holdings, the indirect owner of 80 percent
of Oncor Electric Delivery Company, LLC, operator of the largest
electric transmission and distribution system in Texas. Under the
agreement, Sempra Energy will pay approximately $9.45 billion in
cash to acquire Energy Future and its ownership in Oncor, while
taking a major step forward in resolving Energy Future's
long-running bankruptcy case. The enterprise value of the
transaction is approximately $18.8 billion, including the
assumption of Oncor's debt.

On Nov. 3, 2017, the Bankruptcy Court entered an order closing the
Chapter 11 cases of 40 affiliate debtors. The claims asserted
against, and interests asserted in, the Closing Cases are
transferred to the lead case of Texas Competitive Electric Holdings
Company LLC, Case No. 14-10978. A list of the Closing Cases is
available for free at:

      http://bankrupt.com/misc/EnergyFuture_decreeclosing40.pdf   


ENTERPRISE INSURANCE U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Enterprise Insurance Agency, Inc. as of
March 18, according to a court docket.
    
              About Enterprise Insurance Agency Inc.

Enterprise Insurance Agency, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-00811) on
February 6, 2019.  At the time of the filing, the Debtor had
estimated assets of less than $50,000 and liabilities of less than
$500,000.  

The case has been assigned to Judge Cynthia C. Jackson.  The Debtor
tapped the Law Offices of L. William Porter III, P.A. as its legal
counsel.


EVAN JOHNSON & SONS: Hires Advanced Solution as Accountant and IT
-----------------------------------------------------------------
Evan Johnson & Sons Construction, Inc., seeks authority from the
U.S. Bankruptcy Court for the Southern District of Mississippi to
employ Advanced Solution, Inc., as accountant and information
technology to the Debtor.

Evan Johnson & Sons requires Advanced Solution to:

   a. assist in hosting the server and workstations that provide
      storage and access to the accounting software and related
      databases;

   b. provide software maintenance and updates;

   c. record and reconcile financial transaction that flow
      through the Debtor's bank account; and

   d. prepare and submit financial reports to various agencies as
      required by the U.S. Trustee and the bankruptcy code.

Advanced Solution will be paid at the hourly rate of $100 for the
IT services and accounting services. The Firm will be paid $500 per
month for server and workstations' hosting.

Advanced Solution will be paid a retainer in the amount of
$17,000.

Advanced Solution will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Monty W. Kasselman, president of Advanced Solution, Inc., 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.

Advanced Solution can be reached at:

     Monty W. Kasselman
     ADVANCED SOLUTION, INC.
     220 East 4th Street
     Russellville, AR 72801
     Tel: (479) 880-2005
     Fax: (479) 880-1001

             About Evan Johnson & Sons Construction

Evan Johnson & Sons Construction, Inc., based in Pearl, Miss.,
filed a Chapter 11 petition (Bankr. S.D. Miss. Case No. 17-02192)
on June 15, 2017.  In the petition signed by Melanie Johnson, its
president, the Debtor estimated $1 million to $10 million in assets
and liabilities. The Hon. Edward Ellington oversees the case.
Craig M. Geno, Esq., at The Law Offices of Craig M. Geno, PLLC,
serves as bankruptcy counsel to the Debtor.


FACTORY DIRECT LOGISTICS: Needs Access to Kalamata Cash Collateral
------------------------------------------------------------------
Factory Direct Logistics, LLC, asks the U.S. Bankruptcy Court for
the Northern District of Illinois to permit the use of cash
collateral belonging to Kalamata Capital Group in the ordinary
course of its business.

Kalamata holds a lien on the collateral. The Debtor believes that
the value of its assets is approximately $1,413,027, while the
amount due Kalamata is approximately $385,486.  Therefore, Kalamata
is a creditor with a claim secured to the extent of $385,486.

However, the Debtor proposes adequate protection to Kalamata
pending a final hearing for an order permitting use of cash
collateral to protect Kalamata for any erosion of its lien upon the
Debtor's assets due to the continuance of the automatic stay.  The
Debtor will pay Kalamata $7,900 by March 22 and provide Kalamata
with a replacement lien on the proceeds from assets Debtor acquires
subsequent to the filing of the Chapter 11 petition to the extent
that the collateral is utilized subject to verification of the
extent and validity of the lien and subject to prior liens.

Kalamata's security interest is subject to a prior secured lien on
the assets of the Debtor held by Funding Metrics, LLC d//a Lendini.
The balance due to Lendini is approximately $118,894.

A copy of the Debtor's Motion is available at

           http://bankrupt.com/misc/ilnb19-05484-13.pdf

                  About Factory Direct Logistics

Factory Direct Logistics, LLC, which conducts business under the
name FDL Fasteners, LLC, manufactures fasteners, special parts, and
trailer components.

Based in Schaumburg, Illinois, Factory Direct Logistics filed for
Chapter 11 protection (Bankr. N.D. Ill. Case No. 19-05484) on March
1, 2019.  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 Lashonda A. Hunt.  Robert R. Benjamin,
Esq., Beverly A. Berneman, Esq., and Anthony J. D'Agostino, Esq.,
at Golan Christie Taglia LLP, serve as the Debtor's bankruptcy
attorneys.


FACTORY DIRECT LOGISTICS: Seeks Access to Lendini Cash Collateral
-----------------------------------------------------------------
Factory Direct Logistics, LLC, requests the U.S. Bankruptcy Court
for the Northern District of Illinois to permit the use of cash
collateral belonging to Funding Metrics, LLC d/b/a Lendini in the
ordinary course of its business.

Lendini holds a lien on the collateral. The Debtor believes that
the value of its assets is approximately $1,413,027, while the
amount due Lendini is approximately $118,894. Therefore, Lendini is
a creditor with a claim secured to the extent of $118,894.

However, the Debtor proposes adequate protection to Lendini pending
a final hearing for an order permitting use of cash collateral to
protect Lendini for any erosion of its lien upon the Debtor's
assets due to the continuance of the automatic stay. The Debtor
will pay Lendini $5,100 by March 22 and provide Lendini with a
replacement lien on the proceeds from assets Debtor acquires
subsequent to the filing of the Chapter 11 petition to the extent
that the collateral is utilized subject to verification of the
extent and validity of the lien.

A copy of the Debtor's Motion is available at

            http://bankrupt.com/misc/ilnb19-05484-12.pdf

                 About Factory Direct Logistics

Factory Direct Logistics, LLC, which conducts business under the
name FDL Fasteners, LLC, manufactures fasteners, special parts, and
trailer components.

Based in Schaumburg, Illinois, Factory Direct Logistics filed for
Chapter 11 protection (Bankr. N.D. Ill. Case No. 19-05484) on March
1, 2019.  At the time of the filing, the Debtor estimated assets of
$1,000,001 to $10 million and liabilities of $1,000,001 to $10
million.  The case is assigned to Judge Lashonda A. Hunt.  Robert
R. Benjamin, Esq., Beverly A. Berneman, Esq., and Anthony J.
D'Agostino, Esq., at Golan Christie Taglia LLP, are serving as the
Debtor's bankruptcy attorneys.


FACTORY DIRECT LOGISTICS: Seeks Access to Platinum Cash Collateral
------------------------------------------------------------------
Factory Direct Logistics, LLC, requests the U.S. Bankruptcy Court
for the Northern District of Illinois to permit the use of cash
collateral belonging to Platinum Rapid Funding Group, Ltd. in the
ordinary course of its business.

Platinum holds a lien on the collateral.  The Debtor believes that
the value of its assets is approximately $1,413,027, while the
amount due Platinum is approximately $528,124. Therefore, Platinum
is a creditor with a claim secured to the extent of $528,124.

However, the Debtor proposes adequate protection to Platinum
pending a final hearing for an order permitting use of cash
collateral to protect Platinum for any erosion of its lien upon the
Debtor's assets due to the continuance of the automatic stay.  The
Debtor will pay Platinum $6,000 by March 22 and provide Platinum
with a replacement lien on the proceeds from assets Debtor acquires
subsequent to the filing of the Chapter 11 petition to the extent
that the collateral is utilized subject to verification of the
extent and validity of the lien and subject to prior liens.

Platinum's security interest is subject to the following prior
secured lien in order of their priority:

      (a) Funding Metrics, LLC d//a Lendini in the approximate
amount of $118,894; and

      (b) Kalamata Capital Group in the approximate amount of
$385,486.

A copy of the Debtor's Motion is available at

           http://bankrupt.com/misc/ilnb19-05484-14.pdf

                  About Factory Direct Logistics

Factory Direct Logistics, LLC, which conducts business under the
name FDL Fasteners, LLC, manufactures fasteners, special parts, and
trailer components.

Based in Schaumburg, Illinois, Factory Direct Logistics filed for
Chapter 11 protection (Bankr. N.D. Ill. Case No. 19-05484) on March
1, 2019.  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 Lashonda A. Hunt.  Robert R. Benjamin,
Esq., Beverly A. Berneman, Esq., and Anthony J. D'Agostino, Esq.,
at Golan Christie Taglia LLP, serve as the Debtor's bankruptcy
attorneys.


FOURTH QUARTER: S. Thomas Not Credited with $3MM Payment, Ct. Rules
-------------------------------------------------------------------
In the appeals case captioned STANLEY E. THOMAS, Appellant
(Defendant), v. JLC WYOMING, LLC, a Wyoming limited liability
company, Appellee (Plaintiff), No. S-18-0118 (Wyo.), the Supreme
Court of Wyoming addressed the issues on whether the bankruptcy
court's Consent and Confirmation Orders in the FQP bankruptcy
altered Stanley E. Thomas's liability for the Wyoming Judgment,
whether JLC's motion for a deficiency judgment barred by res
judicata based on the bankruptcy court's Consent and Confirmation
Orders, and whether the district court erred when it did not credit
Mr. Thomas with the $3-million February 2014 payment against the
Wyoming Judgment.

Upon review, the Court finds that the district court did not err
when it concluded that the Consent and Confirmation Orders did not
alter Mr. Thomas's obligations under the Wyoming Judgment, and that
res judicata does not bar JLC's motion for a deficiency judgment.
However, the district court did not credit Mr. Thomas with all
payments. The Court, therefore, affirms in part, reverses in part,
and remands the case to the district court to enter an amended
order that properly credits Mr. Thomas with the $3-million February
2014 payment.

Fourth Quarter Properties 86 (FQP), a Georgia LLC, and its sole
member, Stanley E. Thomas, obtained a $30-million loan from MetLife
Insurance (MLIC), with the Little Jennie Ranch in Sublette County
as collateral. Mr. Thomas signed for the loan and mortgage on
behalf of himself and on behalf of FQP. When they could no longer
make the payments, MLIC obtained a judgment against FQP and Mr.
Thomas for the outstanding balance, plus interest (the "Wyoming
Judgment").

On the eve of the foreclosure sale, however, FQP filed for
bankruptcy protection in Georgia. In the bankruptcy case, FQP
agreed to repay MLIC a reduced amount for the outstanding Wyoming
Judgment, and MLIC agreed to allow FQP more time to sell the ranch.
When FQP was unable to sell the ranch, MLIC proceeded with the
foreclosure sale and ultimately purchased the ranch at the sale.
MLIC then sold its rights to the ranch and the remaining balance on
the Wyoming Judgment to JLC, the appellee in this case. In the
district court, JLC obtained a deficiency judgment against Mr.
Thomas for the unpaid amount of the Wyoming Judgment, approximately
$10-million.

The issue on appeal is whether Mr. Thomas, who was not a party to
FQP's bankruptcy case, was entitled to the reduced amount FQP
negotiated with MLIC in the bankruptcy case. The Court concludes
that he was not. However, the Court also concludes that the
district court failed to properly credit Mr. Thomas for prior
payments he and FQP made against the Wyoming Judgment.

A copy of the Court's Decision dated Jan. 31, 2019 is available at
https://bit.ly/2W7yVw8 from Leagle.com.

Lucas E. Buckley and Tyler J. Garrett, Hathaway & Kunz, LLP,
Cheyenne, Wyoming. Argument by Mr. Garrett, Representing
Appellant.

Kim D. Cannon, Hayden F. Heaphy, Jr., and Benjamin N. Reiter, Davis
& Cannon, LLP, Sheridan, Wyoming. Argument by Mr. Reiter.,
Representing Appellee.

                 About Fourth Quarter

Fourth Quarter Properties 86, LLC, owns and operates the Little
Jennie Ranch.  The Ranch was created when several homesteads along
Dell Creek were combined, and now comprises of 3,011 acres just
north of the tiny community of Bondurant, Wyoming.  The Ranch is a
working cattle ranch and seeped in a rich history and has been in
operation since the 1950s and considered by many to be the crown
jewel of working cattle ranches in Wyoming.  Black Angus cattle
thrive on the property, which with its meadowlands and grazing
leases can provide sufficient forage for 1,100 to 1,400 head.

As of Fourth Quarter's bankruptcy filing, the Ranch was home to and
continues to be home to livestock, comprising of approximately 468
commercial cattle, 11 horses, 13 heifer calves, and 2 steer calves.
The Ranch's complex cattle operations are run by Mr. Dick Beck,
one
of the premier ranch managers in the United States, with Three
Trees Ranch, Inc., one of the largest purebred Angus operations in
the nation.

Little Suwanee Holdings, LLC, owns 95 percent of the membership
interests in the Debtor while J. Bruce Williams, Jr., holds the
remaining 5 percent.

Due to notices of foreclosure by MetLife, Fourth Quarter Properties
86 sought Chapter 11 protection (Bankr. N.D. Ga. Case No. 15-10135)
in Newnan, Georgia, on Jan. 22, 2015.

The Debtor tapped Stone & Baxter LLP, in Macon, Georgia, as
bankruptcy counsel.  The Debtor also received approval to hire
Thomas A. Ogle to appraise its real property.

The Debtor disclosed $49,124,608 in assets and $75,377,946 in
liabilities in its schedules.

Debtor attended the Sec. 341 meeting of creditors on March 11,
2015.

No creditor's committee has been appointed in the Bankruptcy Case.

                           *     *     *

The Debtor obtained approval to obtain a credit facility from
Fourth Quarter Properties 100, LLC in the maximum amount of
$500,000.  On Feb. 3, 2016, the Debtor obtained approval to extend
the term of the DIP financing to Oct. 31, 2016, and raise the
maximum amount to $1,750,000.


FREEDOM MORTGAGE: S&P Affirms 'B-' Long-Term ICR, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' long-term issuer credit rating
on Freedom Mortgage Corp. and said the outlook remains stable.

S&P also affirmed its 'B-' rating on the company's existing senior
unsecured notes and assigned a 'B-' rating on the new senior
unsecured notes. The recovery rating on the unsecured notes is '4',
reflecting S&P's expectation for average recovery (40%) in a
default scenario. In addition, S&P affirmed its 'B+' rating on the
company's senior secured term loan. The recovery rating on the
senior secured term loan remains '1', reflecting S&P's expectation
for very high recovery in a default scenario.

The rating affirmation follows Freedom's announcement that it
intends to raise $350 million of senior unsecured notes due 2024.
The company plans to retain $150 million of the net proceeds for
its balance sheet and use the remaining $200 million to pay down
its existing lines of credit backed by mortgage servicing rights
(MSRs).

Freedom already has $422 million notes due in 2024, and the
additional $350 million will create a large maturity wall if the
company does not proactively manage the debt over the next three to
four years. The company also has a $671 million term loan due in
2022 and $700 million of senior unsecured notes due in 2025.

S&P has a mostly negative view of the transaction because it will
further increase leverage after a difficult 2018 mortgage market --
conditions S&P expects will continue in 2019. At the end of 2018,
leverage, as measured by debt to adjusted EBITDA, was 5.4x,
compared with 4.25x at the end of 2017. Nevertheless, holistically,
S&P views Freedom's position in the fragmented mortgage and its
relatively low 1.23x debt to tangible equity more favorably than
companies in the 'CCC+' category, which supports S&P's rating and
outlook affirmation.

"When calculating EBITDA, we give credit to Freedom's
capitalization of originated MSRs, but not the subsequent
amortization, to avoid double counting. We do, however, give credit
to amortization of MSRs that the company purchased from third
parties since this reflects cash flow that was never captured in
earnings," S&P said.

Pro forma for the proposed debt issuance, S&P expects debt to
adjusted EBITDA to rise slightly to 5.6x in 2019 and debt to
tangible equity to rise to 1.32x. S&P favorably views the
additional cash on the balance sheet because it will provide
liquidity as the mortgage industry recovers for cyclical lows.
Notwithstanding the additional cash, S&P believes the company has a
number of options to conserve liquidity should this environment
persist, including selling MSRs, as it did in 2018, or scaling back
originations. The primary driver of the decline in cash earnings in
2018 was compression in gain on sale margins on originations.

The stable outlook reflects S&P's expectation that Freedom will
successfully navigate a challenging mortgage market in 2019. S&P
thinks earnings from originations will likely stabilize in 2019,
following a difficult 2018, and that servicing revenue will provide
a balance to depressed earnings from originations. It expects
Freedom to operate with debt to EBITDA between 5x and 6x, debt to
tangible equity below 1.5x, and EBITDA coverage of interest above
2.0x. S&P's base-case expectations do not incorporate material
acquisitions, although it does expect Freedom to continue to
opportunistically sell MSRs.

"We could lower the ratings over the next 12 months if revenue is
significantly affected by lower origination volume, if the company
pursues a significant acquisition that stretches leverage beyond
our base-case expectations, or if it encounters additional
regulatory actions or scrutiny. We could also lower the rating if
EBITDA interest coverage nears 1x," S&P said.

S&P does not expect to raise the ratings over the next 12 months.
However, if the company deleverages such that debt to EBITDA is
below 5.0x over at least two quarters with more conservative plans
for debt raising, S&P could consider a positive rating action.


GMAC MORTGAGE: Court Affirms Judgment Against Francine Silver
-------------------------------------------------------------
In the case captioned FRANCINE SILVER, Plaintiff and Appellant, v.
GMAC MORTGAGE, et al., Defendants and Respondents, No. B289266
(Cal. App.), Plaintiff Francine Silver appeals from the judgment
entered following the trial court's granting of a motion for
judgment on the pleadings in favor of defendants and respondents
GMAC Mortgage, LLC and Ocwen Loan Servicing, LLC. The trial court
found Silver's complaint alleging wrongful foreclosure was barred
under the doctrine of res judicata, based on a prior New York
bankruptcy case. Silver contends it would be inequitable to apply
res judicata in this case, because she did not have a fair
opportunity to litigate her claim.

The California Court of Appeals affirms the judgment of the trial
court.

Silver filed her complaint in this action in September 2012 against
GMAC. She filed a first amended complaint in June 2013, adding
Ocwen as a defendant and alleging that Ocwen had replaced GMAC as
successor servicer. Silver filed the operative second amended and
supplemental complaint (SAC) in April 2014, seeking declaratory and
injunctive relief against GMAC and Ocwen.

In her SAC, Silver alleged wrongful foreclosure by GMAC. As
relevant here, Silver alleged that the purported assignment and
substitution containing the Keeley signatures were fraudulent. She
sought a declaratory judgment that GMAC's notice of default was
void and that "GMAC has no right, title, or interest in the
Property." She also sought injunctive relief barring GMAC or Ocwen
from taking any further action to foreclose on the property.

The Respondents answered the complaint and then moved for judgment
on the pleadings in November 2017. Respondents argued that Silver's
claims were barred by res judicata based on the New York bankruptcy
court's June 2015 order.

The parties appear to disagree about whether this case involves
claim or issue preclusion. Regardless, Silver does not dispute that
all of the elements have been met: (1) in her declaratory relief
claim here and in the New York bankruptcy proceeding, Silver raised
the same challenge to foreclosure by arguing that respondents
lacked the authority to enforce the note and deed of trust; (2) the
bankruptcy court's order sustaining the objection to Silver's claim
was final and on the merits; (3) she was a party to that
proceeding; and (4) Silver's challenge to defendants' authority to
proceed with the foreclosure was expressly rejected by the
bankruptcy court, therefore actually litigated and necessarily
decided in that proceeding.

Instead, Silver relies on an exception made to application of the
doctrine, citing cases allowing relitigation of an issue "if
injustice would result or if the public interest requires that
relitigation not be foreclosed."

Silver argues that she was not afforded a "full and fair
opportunity to litigate" her claim in the bankruptcy proceeding, as
she was unable to attend the hearing or present subsequent
evidence.

The Court is not persuaded that Silver was denied a full
opportunity to litigate her claim. She contends that it was unfair
for the bankruptcy court to proceed with the evidentiary hearing
when she was unable to attend in person and therefore could not
cross-examine Keeley, Jacqueline Keeley as assistant secretary on
behalf of Mortgage Electronic Registration Systems, Inc. But Silver
does not explain why she could not appear telephonically, present
evidence, and cross-examine the witness. Her first letter to the
court recognized the availability of Court-Call for a telephonic
appearance. Moreover, she did not expressly request a continuance
of the hearing. She simply stated that she could not attend in
person for financial and physical reasons, and explained why she
had not attended the prior hearing telephonically. From her later
filings, it is apparent that Silver did in fact listen to the
hearing by phone, although she made the choice not to speak. She
did not object to the hearing or raise any issues with her presence
by Court-Call. As such, she has made no showing that court acted
unreasonably by holding the hearing as scheduled.

Similarly, the Court reject Silver's contention that the bankruptcy
court unfairly restricted her presentation of evidence by refusing
to accept her post-hearing submissions. She has offered no
explanation as to why she failed to submit the evidence to impeach
Keeley, Lynch, and Shelton prior to the evidentiary hearing, or why
it was error for the court to find her submission after the hearing
untimely.

Silver has failed to establish that she was unable to present
evidence supporting her claim that the Keeley signatures were
invalid. Although she was unable to attend the hearing in person
due to an injury, she has not shown that she was restricted from
litigating her claim through other means, including written
submissions prior to the hearing and telephonic attendance at the
hearing. The Court also note that she later stated she decided not
to attend the hearing because she felt it would be futile, rather
than solely because she was unable to do so. As such, the Court
finds claim preclusion applies to bar Silver's complaint.

A copy of the Court's Decision dated Jan. 31, 2019 is available at
https://bit.ly/2UNORU3 from Leagle.com.

Gersten Law Group, Ehud Gersten, for Plaintiff and Appellant.

Severson & Werson, Jan T. Chilton, Kerry W. Franich , for
Defendants and Respondents.

               About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.68 billion in assets and $15.28 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is the
conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


GOLDEN-GLO CARPET: Hires Joseph R. Viola as Bankruptcy Counsel
--------------------------------------------------------------
Golden-Glo Carpet Cleaners, Inc., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
Joseph R. Viola, P.C., as bankruptcy counsel to the Debtor.

Golden-Glo Carpet requires Joseph R. Viola to:

   a. advise the Debtor with respect to its rights, powers and
      duties in this case;

   b. take all necessary action to protect and preserve the
      Debtor's estate, including, without limitation, the
      prosecution of actions on its behalf, defense of any
      actions commenced against the Debtor, the negotiations
      concerning all litigation and disputes in which the Debtor
      is involved, and review, analysis and objections to claims
      filed against the Debtor's estate;

   c. prepare and file on behalf of the Debtor all necessary
      motions, applications, answers, orders, reports and papers
      in connection with the administration of the Debtor's
      estate;

   d. prepare, draft and prosecute the plan of reorganization and
      disclosure statement; and

   e. assist the Debtor in performing such other services as may
      be in the interest of the Debtor and the Estate and
      performing all other legal services required by the Debtor.

Joseph R. Viola will be paid at the hourly rate of $375.

Joseph R. Viola will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Joseph R. Viola, partner of Joseph R. Viola, 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 Debtors and their/its
estates.

Joseph R. Viola can be reached at:

     Joseph R. Viola, Esq.
     JOSEPH R. VIOLA, P.C.
     1515 Market Street, Suite 1200
     Philadelphia, PA 19102
     Tel: (215) 854-6310
     Fax: (215) 854-4091
     E-mail: jrviola@comcast.net

                 About Golden-Glo Carpet Cleaners

Golden-Glo Carpet Cleaners, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Pa. Case No. 18-17002) on Oct. 22, 2018,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by Joseph R. Viola, Esq. at Joseph R. Viola,
P.C.



GOLF VIEW: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Golf View Lane Limited Partnership,
        a California Limited Partnership
        3835 E. Thousand Oaks Blvd #R-360
        Thousand Oaks, CA 91362

Business Description: Golf View Lane Limited Partnership
                      is a Single Asset Real Estate Debtor
                      (as defined in 11 U.S.C. Section
                      101(51B)), whose principal assets
                      are located at 67800-67884 McCallum
                      Way Cathedral City, CA 92234.

Chapter 11 Petition Date: February 22, 2019

Court: United States Bankruptcy Court
       Central District of California (Santa Barbara)

Case No.: 19-10291

Judge: Hon. Deborah J. Saltzman

Debtor's Counsel: Joseph G. McCarty, Esq.
                  LAW OFFICES OF JOSEPH G. MCCARTY
                  161B Conejo School Road
                  Thousand Oaks, CA 91362
                  Tel: 818-269-3407
                  E-mail: josephmccarty54@gmail.com

Total Assets: $2,023,024

Total Liabilities: $2,986,432

The petition was signed by Trevor Brilman, president of Corporate
General Partner.

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/cacb19-10291.pdf


GRAND DAKOTA PARTNERS: Files 2nd Modification to Amended Joint Plan
-------------------------------------------------------------------
Grand Dakota Partners LLC and Grand Dakota Hospitality LLC filed a
second modification to their proposed amended joint plan of
reorganization.

The modification includes documents executed in connection with the
consummation of the amended plan:

1. Grand Dakota has agreed to execute and deliver as part of its
settlement with American Bank Center (ABC).

2. Grand Dakota and ABC have agreed to the form and substance of a
Confession of Judgment that will allow ABC to exercise its rights
and remedies if Grand Dakota defaults on its restructured
obligations to ABC after confirmation of the Amended Plan, as
modified.

3. Cornerstone Bank has delivered a form of a Control Agreement
that gives ABC a security interest in Grand Dakota's
post-confirmation and accounts. ABC will be able to exercise this
security interest in accordance with the terms of the settlement
reached with the Honorable William J. Fisher on Oct. 26, 2018.

4. Grand Dakota agrees to promptly reimburse Grand Dakota if
Cornerstone Bank demands that ABC hold Cornerstone Bank for any
costs or expenses incurred by Cornerstone Bank for dishonored
instruments or costs of collection.

5. If Grand Dakota opens any other account with any bank or
depository institution other than Cornerstone Bank before
completing its obligations under the Amended Plan, Grand Dakota
will execute a commercially reasonable control agreement to give
American Bank Center a security interest in Grand Dakota's cash and
accounts that may be exercised in accordance with the Amended Plan,
as modified.

There are also modifications relating to the senior and junior
mortgage loans and the American Bank Center.

Pursuant to paragraph 21 of Grand Dakota's Response to American
Bank Center's objection to the Modification (Dec. 31, 2018; ECF no.
286; the Grand Dakota Response), Grand Dakota modifies the second
bullet point of section 3.2.2(e) and of section 3.2.3(e) to use the
language used by the Honorable William J. Fisher, Judge Presiding
at the Oct. 26, 2018 settlement conference.

A full-text copy of the Amended Plan's Second Modification is
available at https://tinyurl.com/yy2tejuz from Pacermonitor.com at
no charge.

                About Grand Dakota Partners

Grand Dakota Partners, LLC, owns the Ramada Grand Dakota Hotel
Dickinson located near Prairie Hills Mall.  The hotel's rooms and
suites have Serta beds, flat-screen TVs, and free WiFi.  It also
has an indoor pool, hot tub and fitness center.  The hotel also
features an onsite restaurant, barber shop, lounge, and
14,000-square-feet of conference space.

Affiliated debtors Grand Dakota Partners, LLC, and Grand Dakota
Hospitality, LLC (Bankr. D.N.D. Case Nos. 17-31184 and 17-31185)
each filed for Chapter 11 bankruptcy protection on July 20, 2017.
The petitions were signed by Stephen D. Barker, president, Cibix
Management, Inc., the managing member of the Debtors.

Grand Dakota Partners estimated its assets and liabilities at
between $10 million and $50 million each.  Grand Dakota Hospitality
estimated its assets at up to $50,000 and liabilities at between
$10 million and $50 million.

Judge Laura T. Beyer presides over the case.

Bradley E. Pearce, Esq., at Pearce Law PLLC, serves as the Debtors'
bankruptcy counsel.


GRANT STREET: Hires McAuliffe & Associates as Counsel
-----------------------------------------------------
The Grant Street, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Massachusetts to employ McAuliffe &
Associates, P.C., as counsel to the Debtor.

Grant Street requires McAuliffe & Associates to:

   a) provide general advice and legal services in connection
      with the continued operation of the Debtor;

   b) assist in the evaluation, and prosecution or defense of
      potential and asserted claims of and against the Debtor;

   c) negotiate and file reorganization plan and disclosure
      statement;

   d) prepare and file motions, notices, applications,
      complaints, reports and other documents necessary or
      appropriate in the course of the case;

   e) represent the Debtor in all hearings, conferences, trials,
      examinations, meetings and other proceedings, whether
      judicial, administrative or informal; and

   f) render all other legal services as may be required and are
      deemed to be in the interest of the Debtor in accordance
      with those powers and duties set forth in Title 11 of the
      United States Code.

McAuliffe & Associates will be paid at these hourly rates:

     John M. McAuliffe, Partner           $350
     Lana J. McAuliffe, Associate         $275
     Kathryn Pellegrino, Associate        $275
     Michael Lane, Associate              $300

McAuliffe & Associates has received payments in the last 7 days in
the bankruptcy case in the total amount of $2,500 from the Debtor's
principal David J. Howe, for work performed on Feb. 27, 2019 and
Feb. 28, 2019, prior to the Firm's appearance in Court.  Mr. Howe
has agreed to provide an additional $7,500 in the next ten days to
counsel from his personal funds, not funds of the Debtor.

McAuliffe & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

John M. McAuliffe, a partner at McAuliffe & Associates, 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.

McAuliffe & Associates can be reached at:

     John M. McAuliffe, Esq.
     MCAULIFFE & ASSOCIATES, P.C.
     430 Lexington Street
     Newton, MA 02466
     Tel: (617) 558-6889

                     About The Grant Street

The Grant Street, LLC, based in Sudbury, MA, filed a Chapter 11
petition (Bankr. D. Mass. Case No. 18-42074) on Nov. 6, 2018. In
the petition signed by David J. Howe, manager, the Debtor estimated
$1 million to $10 million in both assets and liabilities. The Hon.
Elizabeth D. Katz oversees the case. Daniel W. Murray, Esq., at The
Law Offices of Daniel W. Murray, serves as bankruptcy counsel.



HELIOS AND MATHESON: Reports Revised Q3 2018 Net Loss of $146.7-Mil
-------------------------------------------------------------------
Helios and Matheson Analytics Inc. has filed with the Securities
and Exchange Commission an amended Quarterly Report on Form 10-Q/A
for the quarter ended Sept. 30, 2018.  The Form 10-Q/A was filed to
restate the Company's unaudited condensed consolidated financial
statements as of and for the quarter and nine months ended Sept.
30, 2018 and to make related revisions to certain other disclosures
in the Original Filing.

The errors primarily relate to the overstatement of subscription
revenues in the third quarter of 2018 due to (1) the erroneous
recognition of approximately $0.7 million of revenue from
MoviePass, Inc. subscriptions that had been terminated through
refunds of subscriptions by Costco Wholesale Corporation; and (2)
the erroneous recognition of approximately $5.9 million of revenue
from certain MoviePass subscriptions that were in a suspended state
due to changes made to the MoviePass subscription service that had
not yet been consented to by the applicable subscribers.  In
addition, the Company identified a non-cash error related to the
accounting for derivative liabilities, which resulted in an
additional understatement of net loss of approximately $2.9
million.  The Company also identified the erroneous omission of a
$1.6 million investment in the film Axis Sally, offset by a $1.6
million note payable, as well as the related party disclosures
associated with the production of the film Axis Sally.  Proceeds
from the MoviePass Films notes are now reportedly separately from
other debt activity on the cash flow statement.

As restated, the Company reported a net loss of $146.65 million on
$74.70 million of total revenues for the three months ended
Sept. 30, 2018, compared to a net loss of $137.19 million on $81.33
million of total revenues as originally reported.

The Company's amended balance sheet at Sept. 30, 2018, showed
$134.30 million in total assets, $68.86 million in total
liabilities, and $65.44 million in total stockholders' equity, as
compared to $132.70 million in total assets, $60.62 million in
total liabilities, and $72.08 million in total stockholders' equity
as previously reported.

A full-text copy of the Form 10-Q/A is available for free at:

                         https://is.gd/9duSjk

                      About Helios and Matheson

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

Helios and Matheson reported a net loss of $150.8 million for the
year ended Dec. 31, 2017, compared to a net loss of $7.38 million
for the year ended Dec. 31, 2016.  As of Sept. 30, 2018, Helios and
Matheson had $132.70 million in total assets, $60.62 million in
total liabilities, and $72.08 million in total stockholders'
equity.

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


HORNBECK OFFSHORE: Egan-Jones Cuts Sr. Unsecured Debt Ratings to D
------------------------------------------------------------------
Egan-Jones Ratings Company, on March 11, 2019, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Hornbeck Offshore Services Inc. to D from C.

Hornbeck Offshore Services, Inc. provides marine transportation
services to the offshore oil and gas industry. The company is
located at 103 Northpark Blvd #300, Covington, LA 70433, USA.


IMPERIAL 290: Case Summary & 18 Unsecured Creditors
---------------------------------------------------
Debtor: Imperial 290 Hospitality Group, LLC
           dba Springhill Suites
        20350 Northwest Freeway
        Houston, TX 77065

Business Description: Imperial 290 Hospitality Group, LLC is a  
                      privately held company that operates in the
                      traveler accommodation industry.

Chapter 11 Petition Date: March 19, 2019

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

Case No.: 19-31500

Judge: Hon. David R. Jones

Debtor's Counsel: Joyce Williams Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: 972-503-4033
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shivinder Madan, manager.

A copy of the Debtor's list of 18 unsecured creditors is available
for free at:

        http://bankrupt.com/misc/txsb19-31500_creditors.pdf

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

               http://bankrupt.com/misc/txsb19-31500.pdf


INSCOPE INTERNATIONAL: Panel Hires Henry & O'Donnell as Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Inscope
International, Inc., seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of Virginia to retain Henry &
O'Donnell, P.C., as counsel to the Committee.

The Committee requires Henry & O'Donnell to:

   a. advise the Committee with respect to its powers and duties;

   b. prepare any necessary applications, motions, pleadings,
      orders, reports and other legal papers, and appearing on
      the Committee's behalf in proceedings instituted by,
      against, or involving the Debtor, the Committee or relating
      to this chapter 11 proceeding;

   c. assist the Committee in the investigation of the acts,
      liabilities and financial condition of the Debtor, the
      Debtor's assets and business operations, the disposition
      of the Debtor's assets, and any other matters relevant to
      this case and the interests of unsecured creditors;

   d. assist the Committee in coordinating its efforts to
      maximize distributions to unsecured creditors; and

   e. perform such other legal services for the Committee as may
      be necessary or desirable in the interests of the unsecured
      creditors.

Henry & O'Donnell will be paid at the hourly rates of $425-$525.

Henry & O'Donnell will be paid a retainer in the amount of
$25,000.

Henry & O'Donnell will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Kevin M. O'Donnell, partner of Henry & O'Donnell, 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 (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.

Henry & O'Donnell can be reached at:

     Kevin M. O'Donnell, Esq.
     Jeffery T. Martin, Jr., Esq.
     HENRY & O'DONNELL, P.C.
     300 N. Washington Street, Suite 204
     Alexandria, VA 22314
     Tel: (703) 548-2100
     Fax: (703) 548-2105
     E-mail: kmo@henrylaw.com

                   About Inscope International

InScope International, Inc. --
https://www.inscopeinternational.com/ -- provides management,
scientific, and technical consulting services. It combines
technology and staffing expertise to serve clients that address
complex issues in both the private and public sectors. Since 2002,
InScope has grown its expertise from a specialized, regional
technology staffing firm to a diversified consulting and
integration company.

InScope International sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Va. Case No. 19-10230) on Jan. 23,
2019. At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of $1 million to $10 million.

The case is assigned to Judge Klinette H. Kindred.

Hirschler Fleischer PC is the Debtor's legal counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors in the Debtor's case on March 1, 2019.  The
committee tapped Kevin M. O'Donnell, Esq., at Henry & O'Donnell,
P.C., as its legal counsel.


IPS WORLDWIDE: Committee Hires Elliott Greenleaf as Counsel
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of IPS Worldwide,
LLC, seeks authorization from the U.S. Bankruptcy Court for the
Middle District of Florida to retain Elliott Greenleaf, P.C., as
counsel to the Committee.

IPS Worldwide requires Elliott Greenleaf to:

   a. advise the Committee with respect to its rights, powers and
      duties in the bankruptcy case;

   b. assist and advise the Committee in its consultation with
      the Debtor regarding the administration of the bankruptcy
      case;

   c. assist the Committee in analyzing the claims of the
      Debtor's secured and unsecured creditors;

   d. assists with the Committee's investigation of the acts,
      conduct, assets, liabilities, and financial condition of
      the Debtor and the operation of the Debtor's businesses;

   e. pursue avoidance actions which the Debtor refuse to pursue;

   f. assist the Committee in its analysis of, and negotiations
      with, the Debtor or any third party concerning matters
      related to, among other things, the terms of a Chapter 11
      Plan of the Debtor;

   g. assist and advise the Committee with respect to its
      communication with the general creditor body regarding
      significant matters in this case;

   h. represent the Committee at all hearings and other
      proceedings;

   i. review and analyze all applications, orders, statements of
      operations, and schedules filed with the Court and advise
      the Committee as to their propriety;

   j. assist the Committee in preparing the pleadings and
      applications as may be necessary in furtherance of the
      Committee's interests and objectives; and

   k. perform such other legal services as may be required and
      are deemed in the interest of the Committee in accordance
      with the Committee's powers and duties as set forth in the
      Bankruptcy Code.

Elliott Greenleaf will be paid at these hourly rates:

     Shareholders              $480 to $650
     Associates                $225 to $320
     Paralegals                $190 to $225

Elliott Greenleaf will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Rafael X. Zahralddin-Aravena, partner of Elliott Greenleaf, 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 (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.

Elliott Greenleaf can be reached at:

     Rafael X. Zahralddin-Aravena, Esq.
     ELLIOTT GREENLEAF
     1105 North Market St., Suite 1700
     Wilmington, DE 19801
     Tel: (302) 384-9400
     Fax: (302) 384-9399
     E-mail: rxza@elliottgreenleaf.com

                      About IPS Worldwide

IPS Worldwide, LLC, filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 19-00511) on Jan. 25, 2019.  In the petition signed by
William Davies, president, the Debtor estimated assets of less than
$50,000 and liabilities of $100 million to $500 million.  The case
is assigned to Judge Karen S. Jennemann.  The Debtor tapped Law
Offices of Scott W. Spradley, P.A., as its bankruptcy counsel.

The U.S. Trustee for Region 21 on Feb. 15, 2019, appointed three
creditors to serve on an official committee of unsecured creditors.
The Committee hired Elliott Greenleaf, P.C., as bankruptcy counsel
and Winderweedle Haines Ward & Woodman, P.A., as local counsel.



JAGUAR HEALTH: Chicago Venture Has 9.9% Stake as of March 19
------------------------------------------------------------
Chicago Venture Partners, LP, Chicago Venture Management, LLC, CVM,
Inc., and John M. Fife disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that they beneficially own
2,606,934 shares of common stock of Jaguar Health, which represents
9.99 percent of the shares outstanding.

Reporting Person Chicago Venture Partners, L.P. has rights, under
promissory notes, to own an aggregate number of shares of the
Issuer's common stock which, except for a contractual cap on the
amount of outstanding shares of the Issuer's common stock that CVP
may own, would exceed such cap.  CVP's current ownership cap is
9.99%.  Thus, the number of shares of the Issuer's common stock
beneficially owned by CVP as of March 19, 2019 was 2,606,934, which
is 9.99% of the 26,095,437 shares outstanding on Jan. 10, 2019 (as
reported in Issuer's Definitive Proxy Statement on Schedule 14A
filed Jan. 18, 2019).

Reporting person Chicago Venture Management, LLC is the general
partner of CVP.  CVM, Inc. is the manager of Chicago Venture
Management, LLC, which is the general partner of CVP.  John Fife is
the president of CVM, Inc., which is the manager of Chicago Venture
Management, LLC, which is the general partner of CVP.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/jtnmZL

                      About Jaguar Health

Jaguar Health, Inc. -- http://www.jaguar.health/-- is a commercial
stage natural-products pharmaceuticals company focused on
developing novel, sustainably derived gastrointestinal products on
a global basis.  Its wholly-owned subsidiary, Napo Pharmaceuticals,
Inc., focuses on developing and commercializing proprietary human
gastrointestinal pharmaceuticals for the global marketplace from
plants used traditionally in rainforest areas. Jaguar Health's
principal executive offices are located in San Francisco,
California.

Jaguar Health reported a net loss of $21.96 million for the year
ended Dec. 31, 2017, compared to a net loss of $14.73 million for
the year ended Dec. 31, 2016.  As of Sept. 30, 2018, Jaguar Health
had $46.12 million in total assets, $26.79 million in total
liabilities, $9 million in series A convertible preferred stock,
and total stockholders' equity of $10.32 million.

BDO USA, LLP, in San Francisco, Calif., issued a "going concern"
opinion in its report on the consolidated financial statements for
the year ended Dec. 31, 2017, stating that the Company has suffered
recurring losses from operations and an accumulated deficit that
raise substantial doubt about its ability to continue as a going
concern.


JAGUAR HEALTH: Upsizes Equity Line with Oasis by 8 Million Shares
-----------------------------------------------------------------
Jaguar Health, Inc. delivered on March 18, 2019 a notice to Oasis
Capital, LLC of its decision to exercise its option to increase an
equity line of credit by an additional 8,000,000 shares of Common
Stock.  

On Jan. 7, 2019, Jaguar Health entered into a common stock purchase
agreement with Oasis Capital, LLC, a Puerto Rico limited liability
company, relating to an offering of an aggregate of up to 5,633,333
shares of the Company's voting common stock, par value $0.0001 per
share, of which 5,333,333 of such Original Shares are being offered
in an indirect primary offering consisting of an equity line of
credit.  The Original Equity Line Offering was made pursuant to the
Company's effective shelf registration statement on Form S-3 (File
No. 333-220236) and the related base prospectus included in the
Registration Statement, as supplemented by a separate prospectus
supplement dated Jan. 7, 2019.  The Company initially issued
300,000 shares of Common Stock to Oasis Capital as an inducement to
enter into the CSPA.  Additionally, under the terms of the CSPA,
the Company has the right to "put," or sell, up to 5,333,333 shares
of Common Stock to Oasis Capital for an Investment Amount at a
fixed price of $0.75 per share or such other price agreed upon
between the Company and Oasis Capital.  The Company had the option
to increase the equity line of credit by an additional 8,000,000
shares of Common Stock by notifying Oasis Capital at any time after
the effective date of the CSPA.

                     About Jaguar Health

Jaguar Health, Inc. -- http://www.jaguar.health/-- is a commercial
stage natural-products pharmaceuticals company focused on
developing novel, sustainably derived gastrointestinal products on
a global basis.  Its wholly-owned subsidiary, Napo Pharmaceuticals,
Inc., focuses on developing and commercializing proprietary human
gastrointestinal pharmaceuticals for the global marketplace from
plants used traditionally in rainforest areas. Jaguar Health's
principal executive offices are located in San Francisco,
California.

Jaguar Health reported a net loss of $21.96 million for the year
ended Dec. 31, 2017, compared to a net loss of $14.73 million for
the year ended Dec. 31, 2016.  As of Sept. 30, 2018, Jaguar Health
had $46.12 million in total assets, $26.79 million in total
liabilities, $9 million in series A convertible preferred stock,
and total stockholders' equity of $10.32 million.

BDO USA, LLP, in San Francisco, Calif., issued a "going concern"
opinion in its report on the consolidated financial statements for
the year ended Dec. 31, 2017, stating that the Company has suffered
recurring losses from operations and an accumulated deficit that
raise substantial doubt about its ability to continue as a going
concern.


JUST TOYS CLASSIC: Judge Denies Continued Cash Collateral Use
-------------------------------------------------------------
Judge Cynthia C. Jackson of the U.S. Bankruptcy Court for the
Middle District of Florida has entered an order denying Just Toys
Classic Cars LLC's continued use of cash collateral.

                  About Just Toys Classic Cars

Just Toys Classic Cars LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-06558) on Oct.
23, 2018.  In the petition signed by Michael D. Smith, Jr.,
manager, the Debtor estimated assets of less than $50,000 and
liabilities of less than $50,000.  The Debtor tapped BransonLaw,
PLLC, as its legal counsel.  No official committee of unsecured
creditors has been appointed in the Chapter 11 case.


KAIROS HOMES: Has OK to Use Proceeds From Sale of Listed Properties
-------------------------------------------------------------------
The Hon. Mark X. Mullin of the U.S. Bankruptcy Court for the
Northern District of Texas has signed an interim agreed order
authorizing Kairos Homes, L.L.C., to use cash collateral in the
ordinary course of its business.

The Debtor is authorized to sell the properties described as 649
County Road 3696, Springtown, TX 76082; and Lot 5, Keeter Springs
Addition, City of Springtown, Wise County, Texas, free and clear of
all judgment liens, liens and encumbrances except money, and all
unpaid ad valorem property tax liens. The Internal Revenue
Service's liens now attach to the proceeds from the sale and not
the real property.

Brian Frazier, president of Kairos Homes, is granted authority to
sign the closing and conveyance documents. The Court also ordered
that all expenses are to be paid out of seller's proceeds,
including all title company charges and for such additional costs
of closing as the Bankruptcy Trustee or Debtor may authorize in
writing and at their discretion.

The Debtor is directed to submit to the Internal Revenue Service a
payment in the amount of $50,000 as adequate payment for the use of
the cash collateral specifically from the sale of the listed
properties in Springtown, Texas. Such payment will be made upon the
closing of the sale of this property and made payable to the
Department of Justice and sent to the U.S. Attorney's Office, 1100
Commerce St. Ste. 300, Dallas, Texas 75242.

In addition, the Interim Agreed Order states that all ad valorem
property taxes for year 2019 and all prior years will be paid in
full at the sale closing with the liens that secure all amounts
owed for any unpaid years remaining attached to the property and
becoming the responsibility of the purchaser.

The Debtor is allowed to use the net proceeds from the sale of the
listed properties to satisfy post-petition payroll, materials,
subcontractors, rent, bills and other miscellaneous expenses.

The Debtors will be entitled to utilize cash collateral of the
Internal Revenue Service only for ordinary business expenses,
consistent with the cash flow projections of the Debtor and may
exceed the line item in the cash flow projection by not more than
10% without a variance sought by the Debtor and approved by the IRS
in writing (including email), or approved by order of the Court.
Among other terms, the Interim Agreed Order provides that:

      (a) The IRS will be granted replacement liens on
post-petition cash collateral and property of the Debtors,
including inventory, accounts receivable, cash, cash equivalents,
intangibles, and all other post-petition property of the Debtors
which would constitute the IRS' pre-petition collateral, including
proceeds and products thereof to the same validity, extent and
priority of the IRS' liens prior to the Petition Date. These liens,
if any, will be in addition to the liens that the IRS had in the
assets of the Debtor as of the petition date. The replacement liens
will not extend to Chapter 5 causes of action and will be limited
to the decline, if any, in the value of the IRS' collateral by
virtue of the Debtor's use.

      (b) The Debtors will file all past due tax returns, if any,
(including, but not limited to, income, excise, employment, and
unemployment returns) within 60 days of the entry of the Interim
Agreed Order and will file such return with Leo Carey, Bankruptcy
Specialist, IRS, Insolvency Group II, Stop: MC5026DAL, 1100
Commerce St., Dallas, Texas 75242.

      (c) The Debtors will file all post-petition federal tax
returns on or before the due date, and will pay any balance due
upon filing of the return.

      (d) The Debtors will, during the pendency of this bankruptcy
case, provide proof of deposit of all federal trust fund taxes
within 7 days from the date on which they are deposited.

      (e) Upon reasonable notice, the Debtors will, during the
pendency of Debtors' case, permit the IRS to inspect, review, and
copy any financial records of the Debtor.

A full-text copy of the Interim Agreed Order is available at

               http://bankrupt.com/misc/txnb18-43969-78.pdf

                        About Kairos Homes

Kairos Homes, L.L.C. -- http://www.kairoshomesllc.com/-- is a home
builder in Fort Worth, Texas.  Kairos Homes filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 18-43969) on Oct. 3, 2018.  In
the petition signed by Brian Frazier, president, the Debtor
disclosed $3,006,914 in assets and $1,116,717 in liabilities.  The
Hon. Mark X. Mullin oversees the case.  John Park Davis, Esq., at
Davis Law Firm, serves as bankruptcy counsel.


KMC TRUCKING: Amends Plan to Modify Treatment of BMO Secured Claim
------------------------------------------------------------------
KMC Trucking, LLC, filed with the U.S. Bankruptcy Court for the
District of South Carolina an amended disclosure statement in
connection with its proposed plan of reorganization.

The sole amendment to the disclosure statement pertains to the
treatment of BMO Harris Bank's secured claims in Class 3.

BMO Harris filed a proof of claim in the amount of $281, 339.51. An
adequate protection agreement was entered with the Court's consent
with payment as follows: $4,500 per month beginning Oct. 1, 2018,
and continuing until the bank's claim, including attorney’s fees
and costs, are paid in full, together with interest at a rate of
6.95% fixed interest per annum. Unless paid earlier, the debtor
will pay all remaining principal, interest, or other amounts due
under the bank's claim on or before Sept. 1, 2023. Each payment
will be made by the Debtor to BMO Harris on the first day of each
and every month until paid in full.  The “drop dead” period for
this debt is 10 days.

A copy of the Amended Disclosure Statement is available at
https://tinyurl.com/y5b4pzuk from Pacermonitor.com at no charge.

                  About KMC Trucking

KMC Trucking LLC, based in Travelers Rest, SC, filed a Chapter 11
petition (Bankr. D.S.C. Case No. 18-03574) on July 14, 2018.  In
the petition signed by Mary Clark, managing member, the Debtor
disclosed $1,217,173 in assets and $1,226,913 in liabilities.  The
Hon. Helen E. Burris presides over the case.  Robert H. Cooper,
Esq., at The Cooper Law Firm, serves as bankruptcy counsel to the
Debtor.


KODIAK GAS: S&P Assigns 'B' Issuer Credit Rating, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings on March 18 assigned its 'B' issuer credit
rating to Kodiak Gas Services LLC, which is issuing $400 million
eight-year senior notes to repay outstanding borrowings under its
revolver.  

The rating action is based on S&P's view that the company will
maintain high leverage over the next few years as the company
expands its asset base, primarily in Texas and Oklahoma.  Business
risk is largely driven by its small size with EBITDA expected to be
about $150 million in 2019, short-term contract length, exposure to
volumetric risks and the commodity markets, and best-in-class
utilization at about 99%, according to S&P.

S&P also assigned its 'B-' issue-level rating to the senior
unsecured notes based on a '5' recovery rating (rounded estimate:
25%).

Kodiak is issuing $400 million in senior unsecured notes due in
2027 to repay a portion of its revolver borrowings in advance of
robust capital spending plans over the next few years. S&P expects
the company's asset base to increase materially, reaching about 1.9
million horsepower by year-end 2020. Over this period, the company
plans to spend about $800 million in growth capex, funded primarily
with revolver borrowings. Although the company does not plan to pay
dividends, S&P expects negative cash flows during this expansion.
Under its base-case scenario, S&P expects leverage to fall from
over 7x at year-end 2019 to about 6.25x at year-end 2020. The
company's ability to execute on its deleveraging plan will be key
to maintaining the rating.

"The stable outlook on Kodiak is based on our view that utilization
should remain above 98% over the next few years as steady demand
for compression services remains stable. We expect significant
horsepower expansion at the company, which will lead to significant
EBITDA growth and increased debt as capex are funded by borrowings
under the revolver. Under our base-case scenario, we expect
leverage to be over 7x at year-end 2019, but fall thereafter to
6.25x by year-end 2020," S&P said.

S&P said it could consider a lower rating if the demand for
compression services declines, likely from oil and gas production
declines or slacking demand for those commodities. It could also
consider a lower rating or a negative outlook if it thinks the
company's deleveraging plans are delayed such that leverage will
remain above 6.5x throughout 2020.

"We could consider a positive rating action if the company executes
on its growth plan while reducing leverage over time. This would
likely include leverage below 5x on a sustained basis while scale
significantly improves," S&P said.


LEGACY RESERVES: S&P Downgrades ICR to 'CCC-', Outlook Negative
---------------------------------------------------------------
S&P Global Ratings on March 18 lowered its issuer credit rating on
Legacy Reserves L.P., a Midland, Texas-based oil and gas
exploration and production (E&P) company, to 'CCC-' from 'CCC'.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured notes due in 2020 and senior unsecured
notes due in 2021 to 'C' from 'CC' with a '6' recovery rating. It
also lowered its issue-level rating on the company's secured
second-lien term loan to 'CCC-' from 'CCC' with a '3' recovery
rating.

The outlook is negative, reflecting S&P's view of an increased
likelihood that the company could engage in a distressed
transaction, particularly if it cannot extend the maturity date on
its credit facility or if the facility size is reduced.

The downgrade follows Legacy's announcement that it has engaged
outside advisers to review potential strategic alternatives for the
company, raising doubt over its ability to extend the April 1,
2019, maturity date on its $1.5 billion revolving credit facility,
and to address additional debt maturities in 2020 and 2021. The
company is exploring all possibilities including asset sales,
financing transactions, or an outright company sale.

"The negative outlook reflects our view of an elevated likelihood
that Legacy will engage in a transaction that we would view as
distressed, given its weak liquidity position due to the fast
approaching maturity date of its credit facility and subsequent
additional maturities in 2020 and 2021, combined with the depressed
trading levels of the company's debt. Legacy has hired advisers and
is exploring its strategic options, including asset sales and other
financing transactions," S&P said.

S&P said it could lower its issuer credit rating on Legacy if the
company enters into a debt exchange that it views as distressed or
if default becomes a virtual certainty.

"We could raise the issuer credit rating if Legacy is able to
extend its credit facility and refinance its upcoming maturities
without engaging in a distressed exchange transaction and improve
its liquidity," S&P said.


LIFETIME BRANDS: S&P Cuts Issuer Credit Rating 'B', Outlook Stable
------------------------------------------------------------------
S&P Global Ratings on March 18 announced that it lowered its issuer
credit rating on U.S.-based Lifetime Brands Inc. to 'B' from 'B+'
and said the outlook is stable.

S&P also lowered the issue-level ratings on the senior secured term
loan to 'B' from 'B+'; the recovery rating is unchanged at '3',
indicating expectations of meaningful (50%-70%; rounded
estimate:50% recovery in a default.

The downgrade reflects the deterioration in profitability in 2018
and S&P's expectation for leverage to remain elevated well above 5x
over the next 12 months. S&P estimates that pro forma leverage rose
to 6.4x as of Dec. 31, 2018. This is above S&P's previous
expectation for leverage between 4x-5x in 2018, and well above the
4x pro forma leverage at the close of the company's transaction to
acquire Filament brands in March 2018. The rise in leverage
reflected revenue misses due to lower orders from key customers,
particularly on the legacy Filament side of the business, and
significant EBITDA erosion from lower operating leverage, higher
input costs, and negative product mix. S&P estimates pro forma
sales declined approximately 4% on a full-year basis and adjusted
EBITDA excluding one-time costs associated with the acquisition
declined by more than 25%. S&P expects the company to stabilize its
operating performance in 2019 including curbing sales and EBITDA
declines as S&P expects some of the macro headwinds not to repeat
and positive profitability from the company's European operations
in the second half of the year. However, S&P still expects minimal
profitability improvement beyond realized cost synergies leading to
adjusted leverage remaining well above 5x over the next 12 months.

"The stable outlook reflects our expectation the company will
maintain adjusted debt leverage between 5.5x-6x over the next 12
months and generate positive discretionary cash flow in excess of
$15 million," S&P said. This reflects our belief the company will
achieve a modest improvement in profitability in 2019 as the
integration with Filament Brands is now complete, which should
allow for some realization of projected cost synergies."

S&P said it could lower the rating if operating headwinds continue
and leverage sustains above 7x or the company cannot generate
positive discretionary cash flow. This could occur if EBITDA
margins decline by more than 250 basis points from further input
cost inflation associated with a potential increase in the U.S.
import tariff or continued challenges with top customers related to
merchandising decisions and inventory management, according to
S&P.

"We could raise the rating if the company reduces leverage to below
5x on a sustained basis. This could happen if the company applies
discretionary cash flow toward debt repayment while delivering
topline growth and improving EBITDA margins by 150 basis points
through cost synergies, targeted price increases to offset cost
inflation, and a shift in product mix toward higher-margin
kitchenware items," S&P said.


LODESTONE OPERATING: Unsecureds to be Paid in Full Over 5 Years
---------------------------------------------------------------
Lodestone Operating, Inc., filed with the U.S. Bankruptcy Court for
the Southern District of Texas a small business disclosure
statement describing its proposed chapter 11 plan dated March 12,
2019.

General unsecured creditors classified in Class 9b will receive a
distribution of 100% of their allowed claims, to be distributed as
follows: Class 9b General Unsecured Creditors will receive
principal reduction payments equal to 5% of their claims annually
with a balloon payment payable at the end of the 60th month in an
amount equal to 75% of their claim such that 100% of their claim
will be paid over five years. The Class 9b claimants will be paid
in an amount equal to 2.5% of each of their claims commencing on
the sixth month following the effective date of the plan with
successive principal reduction payments equal to 2.5% of their
claims each six month period thereafter through the 60th month of
the plan with a balloon payment equal to 75% of their claims due on
or before the 61st month following the effective date of the plan.

Payments and distributions under the Plan will be funded by the
following:

Cash flow from operations are projected to be sufficient to make
all payments under the plan. In the event additional funds are
needed to make payments under the plan, David Reavis, the company's
president, will be available to make new value contributions to the
debtor. Historically David Reavis has made equity contributions to
the debtor.

The proposed Plan has the following risks which could adversely
impact the Debtor's ability to make Plan payments: (1) There is a
possibility of default, i.e., possibility of inability to pay Plan
payments, (2) The financial projections provided by the Debtor may
not be realized, (3) The business environment and restaurants may
decline from its present level, (4) Competition with the Debtor in
the restaurant industry may increase, (5) The legal environment in
terms of laws and regulations could change and have a negative
impact upon the Debtor., (6) The Reorganized Debtor could be sued
and the costs and expenses of litigation could impact the Debtor's
financial circumstances.

A copy of the Disclosure Statement is available at
https://tinyurl.com/yxwy9dqx from Pacermonitor.com at no charge.

             About Lodestone Operating Inc.

Lodestone Operating, Inc. is a privately-held company in Houston,
Texas engaged in oil and gas production.

Lodestone Operating sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 18-33932) on July 16,
2018.  In the petition signed by David M. Reavis, president, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  

Judge Eduardo V. Rodriguez presides over the case.  The Debtor
tapped Weycer, Kaplan, Pulaski, & Zuber, P.C. as its legal counsel.


MA ALTERNATIVE: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of MA Alternative Transport Services, Inc. as
of March 18, according to a court docket.
    
             About MA Alternative Transport Services

MA Alternative Transport Services, Inc., a company that provides
non-emergency medical transport services, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
19-00956) on Feb. 14, 2019.  At the time of the filing, the Debtor
estimated assets of less than $500,000 and liabilities of $1
million to $10 million.  Frank Martin Wolff, P.A. is the Debtor's
legal counsel.


MAJOR EVENTS: May 1 Plan Confirmation Hearing
---------------------------------------------
The amended disclosure statement explaining Major Events Group
LLC's Chapter 11 Plan is approved.

May 1, 2019, 11:00 a.m., is fixed as the date and time for the
hearing on confirmation of the Plan, to be held at the United
States Bankruptcy Court, Courtroom No. 1, 900 Market Street,
Philadelphia, PA 19107.

April 15, 2019, at 5:00 p.m. is fixed as the deadline by which
ballots must be received in order to be considered as acceptances
or rejections of the Plan.

April 26, 2019, is fixed as the deadline for filing and serving
written objections to the confirmation of the Plan.

                 About Major Events Group

Major Events Group LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 18-11123) on Feb. 20,
2018. In the petition signed by Antoine Gardiner, president, the
Debtor disclosed that it had estimated assets of less than $50,000
and liabilities of less than $50,000.  Judge Eric L. Frank presides
over the case. The Debtor tapped Michael P. Kutzer, Esq., as its
legal counsel.


MCCLATCHY CO: Issues Additional $74.9 Million Notes Due 2031
------------------------------------------------------------
The McClatchy Company, on March 15, 2019, issued $74,957,000
aggregate principal amount of additional 6.875% Senior Secured
Junior Lien Notes due 2031.  The Additional Notes were issued
pursuant to an Indenture, among the Company, subsidiaries of the
Company as guarantors and The Bank of New York Mellon, as trustee
and collateral agent, as supplemented by the First Supplemental
Indenture, dated as of March 15, 2019, and the Second Supplemental
Indenture, dated as of March 15, 2019.

The Notes were issued to affiliates of Chatham Asset Management,
LLC in exchange for an equal principal amount of the Company's
6.875% Debentures due March 15, 2029.

The original 6.875% Senior Secured Junior Lien Notes due 2031 were
issued in an aggregate principal amount of $193,466,000 on Dec. 18,
2018.  There are $268,423,000 aggregate principal amount of Notes
outstanding as of March 18, 2019.  The Additional Notes and the
Original Notes have identical terms, other than with respect to the
date of issuance, and will be treated as a single class for all
purposes under the Indenture, including waivers, amendments,
redemptions and offers to purchase.  

In connection with the issuance of the Additional Notes, the
Company entered into the First Supplemental Indenture and the
Second Supplemental Indenture.

                       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 reporting a net loss of $79.75 million for the year ended
Dec. 30, 2018, compared to a net loss of $332.35 million for the
year ended Dec. 31, 2017.  As of Dec. 30, 2018, the Company had
$1.29 billion in total assets, $180.53 million in current
liabilities, $1.45 billion in non-current liabilities, and a
stockholders' deficit of $341.66 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.


MYTAILOR.COM: Hires Christopher P. Walker as Bankruptcy Counsel
---------------------------------------------------------------
Mytailor.com, seeks authority from the U.S. Bankruptcy Court for
the Central District of California to employ the Law Office of
Christopher P. Walker, P.C., as general bankruptcy counsel to the
Debtor.

Mytailor.com requires Christopher P. Walker to:

   a. advise and assist the Debtor with respect to compliance
      with the requirements of the U.S. Trustee;

   b. advise the Debtor regarding matters of bankruptcy law,
      including the rights and remedies of the Debtor in regards
      to its assets and with respect to the claims of creditors;

   c. represent the Debtor in any proceedings or hearings in the
      Bankruptcy Court and in any action in any other court where
      the Debtor's rights under the Bankruptcy Code may be
      litigated or affected;

   d. conduct examinations of witnesses, claimants, or adverse
      parties and prepare and assist in the preparation of
      reports, accounts, and pleadings related to the Chapter 11
      case;

   e. advise the Debtor concerning the requirements of the
      Bankruptcy Court and applicable rules as the same affect
      the Debtor in the proceeding;

   f. assist the Debtor in negotiation, formulation,
      confirmation, and implementation of a Chapter 11 plan of
      reorganization;

   g. make any bankruptcy court appearances o behalf of the
      Debtpr; and

   h. take such other action and perform such other services as
      the Debtor may require of the Firm in connection with the
      Chapter 11 case.

Christopher P. Walker will be paid at these hourly rates:

     Attorneys                 $300
     Legal Assistants          $200

The Debtor paid Christopher P. Walker an initial retainer of
$20,000, the amount of $880 of which has been paid the Debtor
preetition, plus $1,717 filing fee, leaving $17,403 as initial
retainer.

Christopher P. Walker will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Christopher P. Walker, partner of the Law Office of Christopher P.
Walker, 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.

Christopher P. Walker can be reached at:

     Christopher P. Walker, Esq.
     LAW OFFICE OF CHRISTOPHER P. WALKER, P.C.
     505 S. Villa Real Drive, Suite 103
     Anaheim Hills, CA 92807
     Tel: (714) 639-1990
     Fax: (714) 637-1636
     E-mail: cwalker@cpwalkerlaw.com

                       About Mytailor.com

MyTailor.com -- https://www.mytailor.com/ -- is a custom tailor in
Costa Mesa, California. The Company makes custom suits, shirts,
jackets, trousers, tuxedos, and more. Fittings for bespoke suits
and shirts are available throughout the United States, Canada, Hong
Kong, and London.

MyTailor.com, based in Costa Mesa, CA, filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 19-10710) on Feb. 27, 2019.  In the
petition signed by Jagdish G. Hemrajani, president, the Debtor
disclosed $720,866 in assets and $4,958,627 in liabilities.  The
Hon. Scott C. Clarkson oversees the case.  Christopher P. Walker,
Esq., at the Law Office of Christopher P. Walker, P.C., serves as
bankruptcy counsel to the Debtor.




NEOVASC INC: Reducer Featured at ACC's Annual Meeting
-----------------------------------------------------
Neovasc Inc. announced that data on the Neovasc Reducer was
featured in session 725, titled, "Refractory Angina: Options for
Patients With "No Options"" at the American College of Cardiology's
("ACC") 68th Annual Scientific Session and Expo ("ACC.19").  The
ACC.19 took place from March 16 - 18, 2019, in New Orleans.

"We are pleased that today's ACC.19 session included an overview of
our Reducer and its efficiency in narrowing the coronary sinus in
refractory angina patients, which has resulted in an improvement in
symptoms and quality of life for patients with refractory angina
who were not candidates for revascularization.  A portion of the
data discussed during the session was originally published in the
New England Journal of Medicine in February 20151," stated Fred
Colen, CEO of Neovasc.  "Looking at the participants in this
session, we see growing interest for the Reducer among leading
cardiologists; Professor Thomas Luscher, who has treated patients
with Reducer within his practice in Europe and co-authored a
published paper on the Reducer2, presented the Reducer data at
ACC.19 and Dr. Tim Henry of Cedars-Sinai, who has been a strong
supporter of generating additional data for the Reducer in the
U.S., chaired the session."

                         About Neovasc Inc.

Based in Richmond, British Columbia, Neovasc Inc. --
http://www.neovasc.com/-- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace.  Its products include the
Neovasc Reducer, for the treatment of refractory angina, which is
not currently available in the United States and has been available
in Europe since 2015, and the Tiara, for the transcatheter
treatment of mitral valve disease, which is currently under
clinical investigation in the United States, Canada and Europe.

Neovasc reported a net loss of US$22.91 million for the year ended
Dec. 31, 2017, compared to a net loss of US$86.49 million for the
year ended Dec. 31, 2016.  As restated, the Company's restated
balance sheet as of Sept. 30, 2018, showed US$17.37 million in
total assets, US$33.44 million in total liabilities, and a total
deficit of US$16.07 million.

Grant Thornton issued a "going concern" opinion in its report on
the consolidated financial statements for the year ended Dec. 31,
2017, stating that the Company incurred a consolidated net loss of
US$24.86 million during the year ended Dec. 31, 2017, and, as of
that date, the Company's consolidated current liabilities exceeded
its current assets by US$6.06 million.  The auditors said these
conditions, along with other matters, indicate the existence of a
material uncertainty that casts substantial doubt about the
Company's ability to continue as a going concern.


NEW PITTS PLACE: Hunterview Files Amended Secured Claims
--------------------------------------------------------
New Pitts Place, LLC, filed an Amended Disclosure Statement to
disclose that  Hunterview Condominium Association has filed amended
proofs of claim asserting Secured Claims against each of the
Debtor's condominium units.

Hunterview asserts the following Secured Claims:

   $22,363.79 against Unit 101
   $33,587.96 against Unit 102
   $37,213.61 against Unit 301
   $15,387.70 against Unit 303
   $16,266.87 against Unit 304

The Debtor believes Hunterview's amended claims are overstated and
are subject to set-off
rights of the Debtor.  The Debtor has objected to each of the
claims filed by Hunterview.

The amount of Hunterview's previously filed claims were:

   $14,031.37 against Unit 101
   $22,824.75 against Unit 102
   $26,125.64 against Unit 301
    $9,639.06 against Unit 303
   $10,518.24 against Unit 304

Class IV - Allowed Unsecured Claims are impaired.  The Debtor
estimates that claims in this Class shall total approximately
$13,700 (excluding the claim of Van Yerrell, which is treated
separately in Class V of the Plan).  Claims in this Class shall be
paid in full under the Plan through quarterly distributions of
$3,000 each Calendar Quarter until such claims are paid in full.
The first installment shall be due three months after the Effective
Date, and each Calendar Quarter thereafter on the same date until
such claims have been paid in full.

Class II - Disputed Secured Claims of Hunterview are impaired.
Class II consists of Secured Claims to Hunterview totalling
$85,920.02.  The Debtor shall pay the allowed amount of
Hunterview's Secured Claims beginning on the Effective Date or the
date such claims are allowed, whichever is later, over a term of
sixty (60) months, together with interest at a rate of four and
13/100s percent (4.13%) per annum, provided that the Debtor may
prepay all or part of the remaining balance at any time.  The
Debtor estimates that the allowed amount of Hunterview's claims
shall be approximately $32,000, and therefore that the monthly
payments on such claims shall be $589 per month.

Class III - Priority Claim of Teia McGee are impaired. Class III
consists of the Priority claim of Teia McGee. McGee has filed a
proof of claim asserting an unsecured claim in the amount of
$592,302.00.  The Debtor disputes the priority status of the claim,
as the Debtor is merely a guarantor of an obligation which may be a
domestic support obligation of Van Yerrell.  In addition, under the
Plan the Debtor shall avoid any unrecorded lien against the
condominium units and shall treat McGee’s claim as an unsecured
claim.

The Plan will be funded from amounts currently held by the Debtor
and from the proceeds of the Debtor's business operations.

A full-text copy of the Amended Disclosure Statement dated March
13, 2019, is available at  http://tinyurl.com/y5dwponnfrom
PacerMonitor.com at no charge.

                 About New Pitts Place

New Pitts Place, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D.D.C. Case No. 18-00527) on Aug. 2, 2018, estimating under
$1 million in assets and liabilities.  Augustus T. Curtis, Esq., at
Cohen Baldinger & Greenfeld, LLC, is the Debtor's counsel.


NIELSEN NV: Egan-Jones Lowers Senior Unsecured Debt Ratings to BB
-----------------------------------------------------------------
Egan-Jones Ratings Company, on March 12, 2019, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Nielsen N.V. to BB from BB+.

Nielsen N.V. is a global information and measurement company. The
Company offers critical media and marketing information, analytics
and industry expertise about what consumers watch (consumer
interaction with television, online and mobile) and what consumers
buy on a global and local basis.


NORVIEW BUILDERS: Hires William J. Factor as Bankruptcy Counsel
---------------------------------------------------------------
Norview Builders, Inc., seeks authority from the U.S. Bankruptcy
Court for the Northern District of Illinois to employ The Law
Office of William J. Factor, Ltd., as bankruptcy counsel to the
Debtor.

Norview Builders requires William J. Factor to:

   a. advise and consult with the Debtor with respect to its
      powers, rights and duties as a debtor and debtor-in-
      possession;

   b. attend meetings and negotiating with creditors, other
      parties-in-interest, and their respective representatives;

   c. advise and consult with the Debtor on the conduct of the
      case, including all the legal and administrative
      requirements of operating under chapter 11 of the
      Bankruptcy Code;

   d. take all necessary action to protect and preserve the
      Estate, including but not limited to, prosecuting or
      defend all motions and proceedings on behalf of the Debtor
      and the Estate;

   e. prepare and file, or defend, adversary proceedings or other
      litigation involving the Debtor or its interests in
      property;

   f. prepare motions, applications, answers, orders, reports,
      and other papers necessary to the administration of the
      cases;

   g. prepare and negotiate a plan and disclosure statement and
      all related agreements and documents, and taking any
      necessary action to obtain confirmation of a plan; and

   h. perform other necessary legal services and providing other
      necessary legal advice required by the Debtor in connection
      with the case.

William J. Factor will be paid at these hourly rates:

     William J. Factor, Partner             $400
     Jeffrey K. Paulsen Partner             $375
     Elizabeth Peterson, Associate          $325
     Sam Rogers, Paralegal                  $125

William J. Factor will be paid a retainer in the amount of
$10,000.

William J. Factor will also be reimbursed for reasonable
out-of-pocket expenses incurred.

William J. Factor, partner of The Law Office of William J. Factor,
Ltd., 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.

William J. Factor can be reached at:

     William J. Factor, Esq.
     Jeffrey K. Paulsen, Esq.
     FACTORLAW
     105 W. Madison Street, Suite 1500
     Chicago, IL 60602
     Tel:  (847) 239-7248
     Fax:  (847) 574-8233
     E-mail: wfactor@wfactorlaw.com
             jpaulsen@wfactorlaw.com

                     About Norview Builders

Norview Builders, Inc., based in Oak Lawn, IL, filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 18-01825) on Jan. 22, 2018.  In
the petition signed by Brenda P. O'Sullivan, president, the Debtor
estimated $1 million to $10 million in assets and $500,000 to $1
million in liabilities.  The Hon. Jacqueline P. Cox oversees the
case.  Gregory K. Stern, Esq., at Gregory K. Stern, P.C., serves as
bankruptcy counsel.


PETVET CARE: Moody's Completes Ratings Review, B3 CFR Retained
--------------------------------------------------------------
Moody's Investors Service has completed a periodic review of the
ratings of PetVet Care Centers, LLC and other ratings that are
associated with the same analytical unit. The review was conducted
through a portfolio review in which Moody's reassessed the
appropriateness of the ratings in the context of the relevant
principal methodology(ies), recent developments, and a comparison
of the financial and operating profile to similarly rated peers.
The review did not involve a rating committee. Since January 1,
2019, Moody's practice has been to issue a press release following
each periodic review to announce its completion.

PetVet Care Centers, LLC's B3 CFR broadly reflects its high
leverage, small scale and event and financial policy risk related
to both an aggressive acquisition strategy and private equity
ownership. The rating benefits from favorable industry trends,
strong recurring revenue, good geographic diversification, and a
proven ability to successfully integrate acquisitions.


PINNACLE GROUP: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Three affiliates that simultaneously filed voluntary petitions
seeking relief under Chapter 11 of the Bankruptcy Code:

      Debtor                                     Case No.
      ------                                     --------
      Pinnacle Group, LLC (Lead Case)            19-13519
      5205 NW 108 Avenue
      Sunrise, FL 33351

      Paradigm Gateway International, Inc.       19-13520

      Partes Mundo SA, Inc.                      19-13521

Business Description: Pinnacle Group, LLC and its subsidiaries are
                      wholesalers of motor vehicle parts and
                      accessories.

Chapter 11 Petition Date: March 19, 2019

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Case No.: 19-13519

Judge: Hon. John K Olson

Debtors' Counsel: Jordan L. Rappaport, Esq.
                  RAPPAPORT OSBORNE & RAPPAPORT, PLLC
                  1300 N Federal Hwy #203
                  Boca Raton, FL 33432
                  Tel: (561) 368-2200
                  Email: office@rorlawfirm.com

Pinnacle Group's
Estimated Assets: $500,000 to $1 million

Pinnacle Group's
Estimated Liabilities: $1 million to $10 million

The petition was signed by Dennis Wilburn, president, Paradigm
Gateway International, Inc., sole member.

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

               http://bankrupt.com/misc/flsb19-13519.pdf


PRESLEYLAND SPEEDPARK: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Presleyland Speedpark, LLC
          dba Movieland Speedpark
        PO Box 1075
        Newburgh, IN 47629

Business Description: Presleyland Speedpark owns and operates a
                      motorsport racetrack in Chandler, Indiana.

                      On the web:
https://www.movielandspeedpark.com/

Chapter 11 Petition Date: March 20, 2019

Court: United States Bankruptcy Court
       Southern District of Indiana (Evansville)

Case No.: 19-70310

Judge: Hon. Basil H. Lorch III

Debtor's Counsel: James F. Guilfoyle, Esq.
                  J. CHARLES GUILFOYLE
                  431 E Court Ave
                  Jeffersonville, IN 47130
                  Tel: 812-206-1840
                  Fax: 812-206-1841
                  E-mail: james@guilfoylebankruptcy.com
                          charles@guilfoylebankruptcy.com

Total Assets: $1,296,600

Total Liabilities: $591,800

The petition was signed by Reno Fontana, chief executive 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/insb19-70310.pdf


QLIK TECHNOLOGIES: Moody's Rates Proposed $465MM Secured Loans B3
-----------------------------------------------------------------
Moody's Investors Service affirmed Project Alpha Intermediate
Holding, Inc.'s (dba Qlik Technologies; "Qlik") B3 Corporate Family
Rating (CFR), B3-PD Probability of Default Rating, and the B3
rating for its existing senior secured credit facilities. Moody's
also assigned a B3 rating to the proposed $465 million of
incremental senior secured term loans. Qlik plans to use the net
proceeds from the incremental term loans, along with cash and
revolver borrowings, to finance the acquisition of Attunity Ltd.
for approximately $560 million. The ratings outlook is stable.

RATINGS RATIONALE

Attunity provides data integration software solutions. The
acquisition of Attunity will significantly expand Qlik's
addressable markets beyond its Business Intelligence (BI) software
tools market and create opportunities for revenue and cost
synergies. However, the acquisition is credit negative given the
substantial increase in debt and high purchase price multiple of
EBITDA. Moody's estimates that pro forma for the acquisition,
Qlik's total debt to EBITDA (including change in deferred revenues
and Moody's standard analytical adjustments) will increase by
approximately 1.5x to the mid 6x. The affirmation of the B3 rating
reflects Moody's expectation that the combination of annual cost
synergies of approximately $20 million and revenue growth in the
mid-single digit percentages (on a constant currency basis and
excluding the impact from adoption of accounting standard ASC 606)
will drive Qlik's leverage to below 6x within the next 12 months.
While Moody's expects management to realize the targeted cost
synergies within 12 months after the close of the acquisition, the
potential for revenue synergies from cross-selling to a larger
installed base will need to be demonstrated. Data integration
software solutions have longer and more complex sales cycles than
that for BI products and purchase decisions for the two products
are made by different buying centers in target organizations. But
both product segments benefit from good demand prospects.

Qlik's operating performance fell materially short of the plan in
2017 amid high sales turnover following its leveraged buyout. Under
the new management since early 2018, operating performance has
improved but revenue growth (on a constant currency basis) was
uneven during 2018. In addition, Qlik is managing a shift from
perpetual to term based software license sales. While the
transition will improve revenue stability over time, it will
negatively affect operating cash flow levels and obfuscate revenue
comparability over the next 12 to 24 months.

The B3 CFR reflects Qlik's elevated financial leverage and Moody's
expectation for high financial risk tolerance under the ownership
of financial sponsors. Qlik has good market position in the modern
BI software segment and its products are well-regarded but it
operates in an intensely competitive and fragmented market. Qlik's
credit profile is supported by its growing proportion of recurring
revenues (58% in 2018 based on management's estimates) and Moody's
expectation for free cash flow of about 6% to 7% of adjusted debt
over the next 12 to 18 months. Qlik has good liquidity.

The stable outlook reflects Moody's expectation that Qlik's
revenues will grow in the mid-single percentages and total debt to
EBITDA (Moody's adjusted) will decline to below 6x over the next 12
months.

Moody's could upgrade Qlik's ratings if (i) the company generates
consistent adjusted EBITDA growth in the mid-single digit rates and
free cash flow increases to the high single digit percentages of
adjusted debt, and, (ii) Qlik establishes a track record of more
conservative financial policies. Conversely, the rating could be
downgraded if weak operating performance or increase in debt cause
total debt to EBITDA to increase to 7x, free cash flow weakens to
the low single digit percentages for an extended period of time or
liquidity becomes weak.

Affirmations:

Issuer: Project Alpha Intermediate Holding, Inc.

  Corporate Family Rating, Affirmed B3

  Probability of Default Rating, Affirmed B3-PD

  Gtd Senior Secured Revolving Credit Facility, Affirmed B3 (LGD3)

  Gtd Senior Secured Term Loan, Affirmed B3 (LGD3)

Assignments:

Issuer: Project Alpha Intermediate Holding, Inc.

  Gtd Senior Secured Term Loan, Assigned B3 (LGD3)

Outlook Actions:

Issuer: Project Alpha Intermediate Holding, Inc.

  Outlook, Remains Stable

Qlik provides data visualization software within the broader
business intelligence and data analytics segment of the enterprise
software market. Project Alpha Intermediate Holdings was taken
private by funds affiliated to Thoma Bravo, LLC in August 2016.


READING EAGLE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Two affiliates that have filed voluntary petitions seeking relief
under Chapter 11 of the Bankruptcy Code:

     Debtor                                          Case No.
     ------                                          --------
     Reading Eagle Company                           19-11728
     345 Penn Street
     Reading, PA 19601
    
     WEEU Broadcasting Company                       19-11731
     34 North 4th Street
     Reading, PA 19601

Business Description: Reading Eagle Company --
                      https://www.readingeagle.com -- is the
                      publisher of the Reading Eagle newspaper in
                      Reading, Pennsylvania.  Reading Eagle
                      Company was incorporated in 1904.  The
                      company acquired the Reading Times in 1940
                      and WEEU radio in 1946.  The Reading Times
                      ceased publication in 2002 and the Reading
                      Eagle became the morning newspaper.  In
                      2009, the Reading Eagle began publication on
                      its new press, a 77,000-square-foot addition
                      to its facility at 345 Penn St., Reading.
                      In 2015, the company acquired South
                      Schuylkill News, a weekly newspaper.
                
                      WEEU Broadcasting Company --http://weeu.com
--
                      is a subdidiary of Reading Eagle that
                      operates a radio station.

Chapter 11 Petition Date: March 20, 2019

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Reading)

Judge: Hon. Richard E. Fehling

Debtors' Counsel: Evan Beck Coren, Esq.
                  Robert Lapowski, Esq.
                  Andreas Milliaressis, Esq.
                  STEVENS & LEE, P.C.
                  1818 Market Street, 29th Floor
                  Philadelphia, PA 19103
                  Tel: 302 425 2611
                       (215) 751-2866
                  Email: ebc@stevenslee.com
                         rl@stevenslee.com
                         adm@stevenslee.com

Reading Eagle's
Estimated Assets: $10 million to $50 million

Reading Eagle's
Estimated Liabilities: $10 million to $50 million

WEEU Broadcasting's
Estimated Assets: 1 million to $10 million

WEEU Broadcasting's
Estimated Liabilities: $10 million to $50 million

The petitions were signed by Shawn Moliatu, CFO.

The full-text copies of the petitions are available for free at:

         http://bankrupt.com/misc/paeb19-11728.pdf
         http://bankrupt.com/misc/paeb19-11731.pdf

Consolidated List of Debtors' 20 Largest Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount
   ------                           ---------------   ------------
Capital Blue Cross                    Trade Vendor        $196,359
Payment Processing
P.O. Box 371482
Pittsburgh, PA 15250-7482
Email: cbcarrserdnra@capbluecross.com;
cdh.cbc@capbluecross.com

Resolute Fp Us Inc                    Trade Vendor        $149,449
5300 Cureton Ferry Rd
Catawba, SC 29704
Email: jamie.harris@resolutefp.com;
info@resolutefp.com

Newscycle Solutions Inc               Trade Vendor        $133,290
P.O. Box 851306
Minneapolis, MN 55485-1306
Email: newscycle.ar@newscycle.com

A Dennis Adams Cpa, Treasurer         Trade Vendor         $90,165
633 Court St, 2nd Fl
Reading, PA 19601-4318
Fax: 610-478-6644
Email: taxclaim@countyofberks.com

Central Ink Corporation               Trade Vendor         $79,859
P.O. Box 2165
Bedford Park, IL 60499-2165
Email: george.shown@cicink.com

Core Bts Inc                          Trade Vendor         $68,260
4419 Solutions Center
P.O. Box 774419
Chicago, IL 60677
Email: dawn.smith@corebts.com

White Birch Paper Co                  Trade Vendor         $60,734
Stadacona S.E.C.
10 Blvd Des Capucins
Quebec, QC G1J 5L7
Canada
Email: dicktabbachino@whitebirchpaper.com

Carrow Real Estate Services Pa LLC    Trade Vendor         $58,404
99 Washington Ave
Albany, NY 12260
Email: lwall@carrowrealestateservices.com

Security Guards Inc                   Trade Vendor         $50,276
600 Park Rd North
P.O. Box 6283
Wyomissing, PA 19610
Email: sgi@securityguardsinc.com

Investors Trust Company               Trade Vendor         $50,271
Attn: Raymond T Kase Jr
1340 Broadcasting Rd, Ste 100
Wyomissing, PA 19610
Fax: 610-372-6414

Page Cooperative                      Trade Vendor         $45,069
P.O. Box 842228
Boston, MA 02284-2228
Email: dana.greco@pagecooperative.com

Lindenmeyr Munroe                     Trade Vendor         $43,611
3300 Horizon Dr
King of Prussia, PA 19406
Email: alambdin@lindenmeyr.com

Reading Parking Authority             Trade Vendor         $27,363
613 Franklin St
Reading, PA 19602
Email: keishlaramos@readingparking.com

Allan Industries Inc                  Trade Vendor         $25,431
270 Route 46 East
Rockaway, NJ 07866
Fax: 973-586-9626

Ingersoll-Rand Company                Trade Vendor         $23,718
Industrial Technologies
15768 Collections Center Dr
Chicago, IL 60693
Fax: 866-645-5659

Anygraaf                              Trade Vendor         $23,480
10451 Mill Run Circle, Ste 400
Owings Mills, MD 21117
Email: anyinc@anygraaf.com

Telereach Inc                         Trade Vendor         $23,183
90 Whiting St
Plainville, CT 06062
Fax: 866-672-2979

PandoLogic Inc                        Trade Vendor         $20,305
3 E 54th St, 19th Fl
New York, NY 10022
Email: jbardhoshi@pandologic.com

Innovative Technologies In Print      Trade Vendor         $18,667
200 South Chestnut St
Elizabethtown, PA 17022
Fax: 717-367-1587

Lamar Companies                       Trade Vendor         $18,640
P.O. Box 96030
Baton Rouge, LA 70896
Email: tblessing@lamar.com


RESTAURANT BRANDS: S&P Raises ICR to BB-, Alters Outlook to Pos.
----------------------------------------------------------------
S&P Global Ratings on March 18 raised its issuer credit rating on
Restaurant Brands International Inc. to 'BB-' from 'B+' and revised
the outlook to positive from stable.

At the same time, S&P raised its issue-level ratings on the
company's first-lien debt to 'BB-' from 'B' and on the company's
second-lien notes to 'B' from 'B-'. The '3' and '6' recovery
ratings, respectively, remain unchanged.

Performance improvements from strategic initiatives have resulted
in top line and EBITDA growth over the last 12 months, a trend S&P
expects to continue. Restaurant remodels, menu innovation, and
technological enhancements have enabled the company to gain market
share, improve same-store sales, and maintain robust operating cash
flows. Still, S&P expects the company to maintain high leverage to
fund shareholder returns and it notes the company's track record of
taking on substantial leverage for acquisitions (as the company did
for both Tim Hortons and Popeyes). At the same time, S&P recognizes
the predictable cash flow generation associated with RBI's highly
franchised business model, and the company's track record of
execution and integration, which provides greater tolerance for the
additional leverage.  

"The positive outlook reflects at least a one in three chance that
we will raise our rating over the next year. We expect operating
performance will continue to improve as the company grows the
franchise base and executes operational initiatives across its
three brands. We believe the company will continue generating
robust cash flow and modestly grow EBITDA, leading to adjusted debt
to EBITDA in the mid-5x range at the end of fiscal 2019," S&P
said.

S&P said it could raise the rating over the next 12 months if the
company further integrates and grows Popeyes units at a good pace,
sustains mid-single-digit top-line growth and systemwide comparable
sales expansion while maintaining overall high EBITDA margins, and
further expands scale and geographic diversity. Under this
scenario, credit metrics would continue to improve, including debt
to EBITDA in the low-5x range and FOCF to debt around 10% over the
next 12 months, according to S&P.

"We could revise the outlook back to stable if the company's
operating performance or initiative execution weakens, or if
leverage levels fail to trend down to the low-5x range. This could
be a result of more-volatile or negative same-store sales trends,
margin deterioration, or franchise growth slowing meaningfully,"
S&P said. S&P said it could also revise the outlook to stable if
the company adopted a more aggressive approach to leverage.


ROYALTY PROPERTIES: Case Summary & 5 Unsecured Creditors
--------------------------------------------------------
Debtor: Royalty Properties, LLC
        18 E. Dundee Rd, 3-204,
        Barrington, IL 60010

Business Description: Royalty Properties is a privately
                      held real estate company in
                      Barrington, Illinois.

Chapter 11 Petition Date: March 19, 2019

Court: United States Bankruptcy Court
       Northern District of Illinois (Eastern Division)

Case No.: 19-07692

Judge: Hon. Jacqueline P. Cox

Debtor's Counsel: John H. Redfield, Esq.
                  CRANE, SIMON, CLAR & DAN
                  135 S. LaSalle Street, Suite 3705
                  Chicago, IL 60603
                  Tel: 312-641-6777
                  Fax: 312-641-7114
                  E-mail: jredfield@cranesimon.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Richard K. Cannon, member.

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

           http://bankrupt.com/misc/ilnb19-07692.pdf

List of Debtor's Five Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Dimock Operating Company                                  $62,000
1004 E. Goode St.
Quitman, TX 75783

James Messineo                        Legal Fees           $3,588
1618 Colonial Parkway
Palatine, IL 60067

McGinley Partners, LLC                                  $8,320,669
c/o Katherine Olson
@Messer Strickland
225 W. Washington
St., Ste. 575
Chicago, IL 60606

Norman J. Lerum, PC               Legal Fees               $25,152
55 W. Monroe St., Ste. 2455
Chicago, IL 60603

Torshen, Slobig                   Legal Fees               $50,611
33 N. Dearborn St.,
Ste. 1710
Chicago, IL 60602


RUDALEV 2 REFINANCE: Seeks to Hire Schafer and Weiner as Counsel
----------------------------------------------------------------
Rudalev 2 Refinance, LLC and Rudalev 2, LLC, seek approval from the
U.S. Bankruptcy Court for the Eastern District of Michigan to hire
Schafer and Weiner, PLLCX as their legal counsel.

The firm will advise the Debtors regarding their duties under the
Bankruptcy Code and will provide other legal services in connection
with their Chapter 11 cases.

Schafer and Weiner will charge these hourly fees:

     Daniel J. Weiner       $485
     Michael E. Baum        $485
     Howard M. Borin        $395
     Joseph K. Grekin       $380
     Leon N. Mayer          $305
     Kim K. Hillary         $330
     John J. Stockdale      $345
     Jeffery J. Sattler     $315
     Jason L. Weiner        $310
     Nicholas R. Marcus     $275
     Legal Assistant        $150

The firm's attorneys are "disinterested" as defined in Section
101(14) of the Bankruptcy Code, according to court filings.

Schafer and Weiner can be reached through:

     Michae E. Baum, Esq.
     Kim K. Hillary, Esq.
     Schafer and Weiner, PLLC
     40950 Woodward Ave., Ste. 100
     Bloomfield Hills, MI 48304
     Phone: (248) 340-5540
     Email: mbaum@schaferandweiner.com
     Email: khillary@schaferandweiner.com

                       About Rudalev 2

Rudalev 2 Refinance, LLC, owner of various parcels of property in
Michigan, and its affiliate Rudalev 2, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case Nos.
19-43402 and 19-43403) on March 10, 2019.  At the time of the
filing, each debtor estimated assets of $1 million to $10 million
and liabilities of $1 million to $10 million.


SANFRED REALTY: Court Denies Disclosure Statement Approval
----------------------------------------------------------
For reasons set forth on the record, the Bankruptcy Court denied
approval of the disclosure statement explaining the Chapter 11 Plan
filed by Sanfred Realty LLC.

                About Sanfred Realty LLC

Based in Milford, New Hampshire, Sanfred Realty LLC filed a Chapter
11 bankruptcy petition (Bankr. D.N.H. Case No. 19-10008) on January
3, 2019, disclosing under $1 million in assets and liabilities.
The Debtor is represented by Robert L. O'Brien, Esq.


SAS HEALTHCARE: Seeks to Hire Haynes & Boone as Legal Counsel
-------------------------------------------------------------
SAS Healthcare, Inc. and its affiliates seek authority from the
U.S. Bankruptcy Court for the Northern District of Texas to hire
Haynes and Boone LLP as their legal counsel.

The Debtors require Haynes and Boone to:

   (a) advise the Debtors of their rights, powers, and duties under
the Bankruptcy Code;

   (b) perform all legal services that may be necessary or
appropriate in the administration of the Debtors' bankruptcy cases
and business;

   (c) advise the Debtors concerning, and assisting in, the
negotiation and documentation of financing agreements and debt
restructurings;

   (d) review the nature and validity of agreements relating to the
Debtors' interests in real and personal property and advising the
Debtors of their corresponding rights and obligations;

   (e) advise the Debtors concerning preference, avoidance,
recovery or other actions that they may take to collect and recover
property for the benefit of their estate and creditors whether or
not arising under Chapter 5 of the Bankruptcy Code;

   (f) prepare on behalf of the Debtors all court documents and
review all financial reports to be filed in their bankruptcy
cases;

   (g) prepare responses to, applications, motions, complaints,
pleadings, notices, and other papers that may be filed and served;

   (h) counsel the Debtors in connection with the formulation,
negotiation, and promulgation of a plan of reorganization or
liquidation and related documents;

   (i)  work with and coordinate efforts among other professionals
to attempt to preclude any duplication of effort among those
professionals and to guide their efforts in the overall framework
of Debtors' reorganization or liquidation;

   (j) work with professionals retained by other
parties-in-interest to structure a consensual plan of
reorganization, or other resolution for Debtors; and

   (k) perform additional legal services as may be required by the
Debtors.

Haynes and Boone will be paid at these hourly rates:

   Stephen Pezanosky, Partner         $725
   Matthew Ferris, Partner            $600
   Jarom Yates, Counsel               $575
   Kimberly Morzak, Paralegal         $225

Haynes and Boone will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Stephen Pezanosky, Esq., a partner at Haynes and Boone, 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.

Haynes and Boone can be reached at:

       Kenric Kattner, Esq.
       Haynes and Boone LLP
       1221 McKinney St., Ste 2100
       Houston, TX 77010
       Tel: (713) 547-2000
       Fax: (713) 547-2600
       E-mail: kenric.kattner@haynesboone.com

                                 About SAS Healthcare

SAS Healthcare, Inc., and its subsidiaries -- https://sunbhc.com/
-- collectively own three mental health facilities in the
Dallas/Forth Worth area.  Due to a decline in patient census and
the resulting decline in revenues, which resulted in large part
from the investigation by the Tarrant County District Attorney and
subsequent indictments, SAS ceased operating the medical facilities
and ceased accepting new patients as of Dec. 21, 2018.

SAS Healthcare and three subsidiaries sought Chapter 11 protection
(Bankr. N.D. Tex. Lead Case No. 19-40401) on Jan. 31, 2019.

SAS Healthcare estimated assets of $1 million to $10 million and
liabilities of the same range.

The Hon. Mark X. Mullin is the case judge.

The Debtors tapped Haynes and Boone, LLP as counsel; Phoenix
Management Services as financial advisor; Raymond James &
Associates, Inc., as investment banker; and Omni Management Group,
as claims and noticing agent.


SAS HEALTHCARE: Seeks to Hire Omni Management as Claims Agent
-------------------------------------------------------------
SAS Healthcare, Inc., and its affiliates seek authority from the
U.S. Bankruptcy Court for the Northern District of Texas to hire
Omni Management Group, Inc. as claims, noticing and administrative
agent.

The firm will oversee the distribution of notices and will assist
in the maintenance, processing and docketing of proofs of claim
filed in the Debtors' Chapter 11 cases.

The services to be rendered by Omni will be billed at a 10%
discount to its standard hourly rates which range from $25 to $155
per hour.  Before the petition date, the Debtors provided Omni a
retainer in the sum of $10,000.

Brian Osborne, chief executive officer and president of Omni
Management Group, Inc., attests that his firm is a "disinterested
person" within the meaning of Bankruptcy Code Sec. 101(14).

The firm can be reached at:

     Brian Osborne
     Omni Management Group
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036
     Tel: 212-302-3580
     Fax: 212-302-3820
     Email: nycontact@omnimgt.com

                         About SAS Healthcare

SAS Healthcare, Inc., and its subsidiaries -- https://sunbhc.com/
-- collectively own three mental health facilities in the
Dallas/Forth Worth area.  Due to a decline in patient census and
the resulting decline in revenues, which resulted in large part
from the investigation by the Tarrant County District Attorney and
subsequent indictments, SAS ceased operating the medical facilities
and ceased accepting new patients as of Dec. 21, 2018.

SAS Healthcare and three subsidiaries sought Chapter 11 protection
(Bankr. N.D. Tex. Lead Case No. 19-40401) on Jan. 31, 2019.

SAS Healthcare estimated assets of $1 million to $10 million and
liabilities of the same range.

The Hon. Mark X. Mullin is the case judge.

The Debtors tapped Haynes and Boone, LLP as counsel; Phoenix
Management Services as financial advisor; Raymond James &
Associates, Inc., as investment banker; and Omni Management Group,
as claims and noticing agent.


SAS HEALTHCARE: Taps Phoenix Management as Financial Advisor
------------------------------------------------------------
SAS Healthcare, Inc. and its affiliates seek authority from the
U.S. Bankruptcy Court for the Northern District of Texas to hire
Phoenix Management Services, LLC as their financial advisor.

The services to be rendered by Phoenix Management are:

     a. assist with the evaluation of strategic options;

     b. develop a weekly cash flow forecast that incorporates the
impact of a potential bankruptcy filing, in part, to identify the
magnitude and duration of any liquidity shortfall;

     c. assist with cash management and liquidity management
activities;

     d. assist with the preparation of various bankruptcy-related
documents;

     e. assist with developing and implementing a communication
strategy with the Debtors' constituents, including employees,
former patients, vendors, payors, regulators and creditors;

     f. serve as a liaison with the Debtors' investment banker,
other professionals, the stalking horse bidder, the U.S. trustee,
the official committee of unsecured creditors, the Debtors' lender,
their Boards of Directors and other constituents;

     g. attend hearings before the bankruptcy court and provide
testimony at any such hearings if requested;

     h. assist with providing information and responding to
diligence requests of the stalking horse bidder, preparing
schedules to various transaction documents, and discussing or
planning transition activities; and

     i. assist with such other financial advisory and consulting
services as may be requested by the Debtors.

The hourly rates charged by Phoenix Management Services are:

     Senior Managing Directors  $495-$695
     Senior Advisors            $400-$650
     Managing Directors         $405-$550
     Senior Directors           $395-$495
     Director                   $320-$375
     VPs & Senior Associates    $250-$350
     Analysts/Associates        $150-$275
     Administrative Staff        $75-$150

Brian F. Gleason, senior managing director of Phoenix Management
Services, attests that his firm is a disinterested person as that
term is defined in section 101(14) of the Bankruptcy Code and does
not hold any interest materially adverse to the Debtors or the
estate.

The firm can be reached through:

     Brian F. Gleason, CTP
     PHOENIX MANAGEMENT SERVICES, INC
     110 Commons Court
     Chadds Ford, PA 19317
     Phone: 610-358-4700
     Toll Free: 855-577-3762
     Fax: (216) 472-8788
     Email: bgleason@phoenixmanagement.com

                                    About SAS Healthcare

SAS Healthcare, Inc., and its subsidiaries -- https://sunbhc.com/
-- collectively own three mental health facilities in the
Dallas/Forth Worth area.  Due to a decline in patient census and
the resulting decline in revenues, which resulted in large part
from the investigation by the Tarrant County District Attorney and
subsequent indictments, SAS ceased operating the medical facilities
and ceased accepting new patients as of Dec. 21, 2018.

SAS Healthcare and three subsidiaries sought Chapter 11 protection
(Bankr. N.D. Tex. Lead Case No. 19-40401) on Jan. 31, 2019.

SAS Healthcare estimated assets of $1 million to $10 million and
liabilities of the same range.

The Hon. Mark X. Mullin is the case judge.

The Debtors tapped Haynes and Boone, LLP as counsel; Phoenix
Management Services as financial advisor; Raymond James &
Associates, Inc., as investment banker; and Omni Management Group,
as claims and noticing agent.


SCIENTIFIC GAMES: Completes Offering of $1.1 Billion Notes
----------------------------------------------------------
Scientific Games Corporation's wholly owned subsidiary, Scientific
Games International, Inc., has successfully completed a private
offering of $1,100.0 million in aggregate principal amount of new
8.250% senior unsecured notes due 2026 at an issue price of
100.000%.

The net proceeds of the Notes offering will be used to redeem
approximately $1.0 billion of SGI's outstanding 10.000% senior
unsecured notes due 2022, pay accrued and unpaid interest thereon
plus any related premiums, fees and costs, and pay related fees and
expenses of the Notes offering.

The Notes are guaranteed on a senior basis by Scientific Games and
certain of its subsidiaries, and the Notes are not secured.

The Notes have not been registered under the Securities Act of
1933, as amended, or any state securities laws and, unless so
registered, may not be offered or sold in the United States except
pursuant to an applicable exemption from the registration
requirements of the Securities Act and applicable state securities
laws.  The Notes are offered only to persons reasonably believed to
be qualified institutional buyers in accordance with Rule 144A and
to non-U.S. Persons under Regulation S under the Securities Act.

                     About Scientific Games

Based in Las Vegas, Nevada, Scientific Games Corporation
(NASDAQ:SGMS) -- http://www.scientificgames.com/-- is a developer
of technology-based products and services and associated content
for the worldwide gaming, lottery, social and digital gaming
industries.  Its portfolio of revenue-generating activities
primarily includes supplying gaming machines and game content,
casino-management systems and table game products and services to
licensed gaming entities; providing instant and draw-based lottery
products, lottery systems and lottery content and services to
lottery operators; providing social casino solutions to retail
consumers and regulated gaming entities, as applicable; and
providing a comprehensive suite of digital RMG and sports wagering
solutions, distribution platforms, content, products and services.

Scientific Games reported a net loss of $352.4 million for the year
ended Dec. 31, 2018, compared to a net loss of $242.3 million on
$3.08 for the year ended Dec. 31, 2017.  As of Dec. 31, 2018,
Scientific Games had $7.71 billion in total assets, $10.18 billion
in total liabilities, and a total stockholders' deficit of $2.46
billion.


SEVEN OAKS: 2nd Cir. Affirms Denial of C. Licata Claim as Untimely
------------------------------------------------------------------
In the appeals case captioned Seven Oaks Partners, LP, James M.
Nugent, ESQ., Douglas S. Skalka, Esq., Debtors-Appellees, v.
Cynthia Licata, Creditor-Appellant, No. 18-342 (2nd Cir.), the U.S.
Court of Appeals, Second Circuit upheld the district court's
judgment affirming the decision of the bankruptcy court denying
Cynthia Licata's claim against Seven Oaks Partners as untimely.

Licata possessed a $500,000 judgment against Seven Oaks Partners,
LP at the time it filed for Chapter 11 bankruptcy in April 2012,
but Seven Oaks failed to list her as a creditor. In November 2012,
Seven Oaks added Licata as holding a "disputed" and "unliquidated"
claim and the court set July 8, 2013 as the bar date by which she
could file a proof of claim. Licata filed a proof of claim on Sept.
5, 2014. Seven Oaks objected on the basis of untimeliness, the
bankruptcy court sustained the objection, and the district court
subsequently affirmed. The question on appeal is whether Licata's
failure to timely file her claim is the result of excusable
neglect.

Licata claims that the bankruptcy court abused its discretion in
disallowing her proof of claim because Seven Oaks first omitted
listing her claim, then improperly scheduled her claim as one that
was disputed and unliquidated rather than as liquidated and
reflected in a final judgment, and then failed to properly notify
her of the proceeding. Because--at a minimum through service on her
lawyer--Licata had notice of the bankruptcy proceedings before the
bar date, the Court disagrees.

The bankruptcy court did not abuse its discretion in denying
Licata's late-filed claim because Licata was responsible for the
delay. Critically, Licata had notice, through her lawyer, of Seven
Oaks's bankruptcy and the allegedly erroneous scheduling of her
claim as "disputed" and "unliquidated," in November 2012. The
bankruptcy court found that Seven Oaks served notice on Licata at
five different addresses, including that of her lawyer, Ridgely
Brown. At a hearing on Nov. 13, 2012, where he was representing
Licata in nonbankruptcy proceedings against Seven Oaks, Brown
discussed Seven Oaks's bankruptcy, its impact on Licata's $500,000
judgment, and the scheduling of Licata's claim. Licata was
therefore on notice in November 2012. And because she then failed
to file her proof of claim until September 2014, Licata's neglect
is inexcusable.

Licata argues that because Seven Oaks mischaracterized her claim in
bad faith, requiring compliance with the bar date will encourage
future gamesmanship by debtors; after all, had Seven Oaks scheduled
her claim as undisputed, Licata's filing would have been
unnecessary.

But the improper scheduling of a claim by a Chapter 11 debtor does
not excuse an untimely filing where the creditor had actual notice
of the debtor's bankruptcy. If a creditor has notice or actual
knowledge of the bankruptcy with sufficient time to timely file a
proof of claim, the debt will be discharged even though not listed
or scheduled, listed or scheduled improperly, or listed or
scheduled tardily. Regardless of the correctness of any allegations
of bad faith, once Licata possessed actual knowledge of Seven
Oaks's bankruptcy and scheduling of her claim, it was her
responsibility to file a proof of claim and correct Seven Oaks's
mistaken characterization of her claim as disputed and unliquidated
before the established bar date.

Accordingly, Licata failed to demonstrate excusable neglect and the
bankruptcy court was within its discretion to deny her late filed
claim.

A copy of the Court's Order dated Jan. 30, 2019 is available at
https://bit.ly/2CvBukn from Leagle.com.

ohn F. Carberry, Cummings & Lockwood LLC, Stamford, CT, for
Appellant.

James M. Nugent, Harlow, Adams & Friedman, P.C., Milford, CT, for
Appellee.

                  About Seven Oaks Partners

Seven Oaks Partners, LP, was formed in February 2000 and operated a
successful real estate business that purchased, developed, managed
and sold real estate.  Seven Oaks filed a Chapter 11 bankruptcy
petition (Bankr. D. Conn. Case No. 12- 50168) on Jan. 31, 2012.
Judge Alan S. Trust presides over the case.  Douglas S. Skalka,
Esq., at Neubert, Pepe & Monteith, P.C., serves as counsel to the
Debtor.


SOUTHCROSS ENERGY: Approves Retention Bonus Program for Executives
------------------------------------------------------------------
The Board of Directors of Southcross Energy Partners GP, LLC, the
general partner of Southcross Energy Partners, L.P., has approved,
upon the recommendation of the Compensation Committee of the Board,
a retention bonus arrangement for its executive officers.  The
retention bonus arrangement includes a retention bonus payment to
each of the Company's executive officers, the terms of which are
governed by the applicable letter agreement.  The form of the
Letter Agreement has been approved by the Board and was executed on
March 13, 2019 by each of James W. Swent III, chairman, president
and chief executive officer of the Company, Michael B. Howe, senior
vice president and chief financial officer of the Company, and
William C. Boyer, senior vice president and chief operating officer
of the Company.  The Retention Bonus will be paid in a lump sum in
cash in connection with the execution of the Letter Agreement and
will total 100% of the annual base salary for Mr. Swent
($1,000,000) and 150% of the annual base salary for each of Messrs.
Howe ($562,500) and Boyer ($525,000).  Under the terms of each
executive officer's Letter Agreement, the executive officer will be
required to repay the full gross amount of the Retention Bonus in
the event that such executive's employment is terminated within 15
months of the payment of the Retention Bonus, other than by reason
of termination by the Company without Cause (as defined in the
Letter Agreement) or due to such executive's death or Disability
(as defined in the Letter Agreement).  The executive will not be
required to repay the Retention Bonus if a termination of
employment occurs for any reason after the earlier of (i) a
Transaction (as defined in the Letter Agreement) or (ii) June 13,
2020.

As a condition to the receipt of the Retention Bonus, each of
Messrs. Swent, Howe and Boyer agreed to waive any severance or
termination payments to which they may otherwise become entitled
under the terms of the Company's Employee Protection Plan, and each
of Messrs. Swent and Boyer further agreed to waive any severance or
termination payments to which he may otherwise become entitled
under the terms of that certain Employment Agreement dated Sept.
17, 2018 between the Company and Mr. Swent and the terms of that
certain Severance Agreement between the Company and Mr. Boyer dated
Nov. 14, 2016, as amended.

                     About Southcross Energy

Southcross Energy Partners, L.P. --
http://www.southcrossenergy.com/-- is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGL.  Its assets are located in South
Texas, Mississippi and Alabama and include two gas processing
plants, one fractionation plant and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region.  Southcross is headquartered in Dallas, Texas.

As of Sept. 30, 2018, the Company had $1.05 billion in total
assets, $604.7 million in total liabilities, and $454.4 million in
total partners' capital.  Southcross Energy incurred a net loss
attributable to partners of $67.65 million in 2017 following a net
loss attributable to partners of $94.99 million in 2016.

                          *    *     *

As reported by the TCR on Jan. 17, 2019, S&P Global Ratings
withdrew its 'CCC-' long-term issuer credit rating on Southcross
Energy Partners L.P. and its 'CCC-' issue-level rating and '3'
recovery rating on the partnership's senior secured debt at the
partnership's request.  At the time of the withdrawal, S&P's
outlook on the partnership was negative.

Moody's Investors Service downgraded Southcross Energy Partners,
L.P.'s Corporate Family Rating to Caa3 from Caa2, Probability of
Default Rating to Ca-PD from Caa2-PD, and senior secured term loan
rating to Caa3 from Caa2, as reported by the TCR on Dec. 24, 2018.


SS&C TECHNOLOGIES: Moody's Hikes Secured Bank Debt Ratings to Ba2
-----------------------------------------------------------------
Moody's Investors Service affirmed SS&C Technologies Holdings,
Inc.'s Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of
Default Rating ("PDR"), the B2 rating on the company's unsecured
notes (issued by SS&C Technologies, Inc.), and the issuer's
Speculative Grade Liquidity (SGL) rating of SGL-1. Concurrently,
Moody's upgraded the ratings on the company's senior secured credit
facilities at its subsidiaries to Ba2 from Ba3. The upgrade of the
bank debt follows the recent upsizing of the senior unsecured note
issue to $2.0 billion from $750 million and resulting reduction in
outstanding bank debt, which, in aggregate, adds material
incremental first loss support to the senior secured credit
facilities. Moody's affirmed the ratings because debt and leverage
are unchanged and the increase in cash interest costs is not
significant in relation to the company's free cash flow ("FCF").
The ratings outlook is stable.

Moody's upgraded the following ratings:

Issuer: SS&C Technologies, Inc.

  Senior Secured Term Loans, Upgraded to Ba2 (LGD3) from Ba3
  (LGD3)

  Senior Secured Revolving Credit Facility, Upgraded to Ba2 (LGD3)

  from Ba3 (LGD3)

Issuer: SS&C Technologies Holdings Europe S.a.r.l.

  Senior Secured Term Loans, Upgraded to Ba2 (LGD3) from Ba3
  (LGD3)

Moody's affirmed the following ratings:

Issuer: SS&C Technologies Holdings, Inc.

  Corporate Family Rating, Affirmed Ba3

  Probability of Default Rating, Affirmed Ba3-PD

  Speculative Grade Liquidity Rating, Affirmed SGL-1

Issuer: SS&C Technologies, Inc.

  Senior Unsecured Gtd Global Notes due 2027, Affirmed B2 (LGD6)

Outlook Action:

Issuer: SS&C Technologies Holdings, Inc.

  Outlook remains Stable

Issuer: SS&C Technologies, Inc.

  Outlook remains Stable

Issuer: SS&C Technologies Holdings Europe S.a.r.l.

  Outlook remains Stable

RATINGS RATIONALE

SS&C's Ba3 CFR, which is weakly positioned, is constrained by the
issuer's elevated pro forma gross leverage of approximately 6x
debt-to-EBITDA (Moody's adjusted), the company's acquisitive growth
strategy, and execution risk related to the integration of three
sizable acquisitions consummated over the past year. Additionally,
the company's ratings are negatively impacted by the company's
concentrated vertical market focus as a provider of software and
software-enabled services to the economically sensitive financial
services industry. The ratings are supported by SS&C's large
operating scale, sizeable FCF driven by strong projected
profitability, management's solid track record of integrating prior
acquisitions and quickly deleveraging after acquisitions, and
Moody's expectation that the company will use FCF to reduce debt.
SS&C generates about 90% of its revenues from recurring,
transaction-based services. The company has very good liquidity
which provides cushion to absorb temporary operational challenges.

The SGL-1 liquidity rating reflects SS&C's very good liquidity,
with pro forma cash of approximately $163 million as of December
31, 2018 and Moody's expectation of approximately $600 million in
pro forma FCF over the coming 12 months. The company's liquidity is
also supported by nearly full borrowing availability under the
company's $250 million revolver. Borrowings under revolving credit
facility are subject to net leverage ratio covenant (7.25x
initially with additional step-downs) if utilization exceeds 30%.
Moody's does not expect the covenant to be triggered and the
company has ample operating cushion under the covenant. The term
loans do not include any financial maintenance covenants and
require mandatory repayment from excess cash flow based on leverage
levels.

The stable outlook reflects Moody's expectations that SS&C's FCF
will increase to the high single digit percentages of total debt
over the next 12 to 18 months and total debt to EBITDA (both
Moody's adjusted) will decline towards the low 5x level (pro forma
for expected synergies) by the end of 2019, with further
strengthening of the credit metrics in 2020.

FACTORS THAT COULD LEAD TO AN UPGRADE

The rating could be upgraded if SS&C successfully integrates recent
acquisitions and establishes a track record of conservative
financial policies while realizing strong earnings growth and
sustaining total debt to EBITDA (Moody's adjusted) below 4x.

FACTORS THAT COULD LEAD TO A DOWNGRADE

The ratings could be downgraded if SS&C's experiences meaningful
disruptions as it integrates recent acquisitions which pressure
operating performance and delay debt repayment efforts, such that
debt leverage is expected to remain above 5x and FCF is modest over
an extended period of time.

SS&C is a leading provider of software and software-enabled
services to over 11,000 clients in the financial services industry.
Pro forma 2018 revenue for the publicly-traded company is
approximately $4.7 billion.


ST. PETER'S HOSPITAL: Moody's Affirms Ba1 Rating on $139MM Bonds
----------------------------------------------------------------
Moody's Investors Service has affirmed Saint Peter's University
Hospital's (NJ) Ba1 rating affecting approximately $139 million of
outstanding bonds. The outlook is stable.

RATINGS RATIONALE

The Ba1 reflects our expectation that Saint Peter's University
Hospital (SPUH) will maintain a good market position in a
competitive market with a regional draw for its well-regarded women
and children's programs. Management has enacted several changes and
improvement strategies that will support better performance going
forward as shown in 2018, following weaker results in 2017.
Liquidity will remain thin but will continue to grow with
affordable capital and pension funding. Challenges will include
ongoing litigation filed against the largest payor in the state, a
competitive and consolidated broader market and moderate exposure
to State risk that includes supplemental funding and a higher than
average reliance on Medicaid due to children's service lines.

RATING OUTLOOK

The stable outlook reflects our view that SPUH will maintain
adequate margins as the system benefits from continued cost
reductions and volume growth, and will continue to fund capital
from cash flow while adding unrestricted liquidity to the balance
sheet.

FACTORS THAT COULD LEAD TO AN UPGRADE

- Demonstrated ability to sustain stronger cash flow margins

- Improved liquidity

- Significantly improved adjusted leverage indicators

FACTORS THAT COULD LEAD TO A DOWNGRADE

- Prolonged decline in operating performance resulting in weaker
   debt coverage metrics

- Reduction in liquidity

- Material increase in debt without commensurate cash flow
   increase

- Substantial erosion of market position

LEGAL SECURITY

The obligated group is comprised of Saint Peters University
Hospital. The bonds are secured by gross revenue pledge and a
mortgage of certain hospital property in New Brunswick. Debt
service coverage ratio covenant of at least 1.25 times is measured
on a twelve month rolling date.

PROFILE

Saint Peters University Hospital is the largest component of Saint
Peters Healthcare System, Inc. a $494 million (total revenue)
system located in New Brunswick, New Jersey. Major service lines
include women and children's services.


ST. STEPHEN'S CHURCH: Case Summary & 3 Unsecured Creditors
----------------------------------------------------------
Debtor: St. Stephen's Church of God in Christ of
        San Diego, California
        PO Box 740039
        San Diego, CA 92174-0039

Business Description: St. Stephen's Church of God in Christ is a
                      non-profit religious organization in San
                      Diego, California.

Chapter 11 Petition Date: March 19, 2019

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Case No.: 19-01493

Judge: Hon. Laura S. Taylor

Debtor's Counsel: Craig E. Dwyer, Esq.
                  CRAIG E. DWYER, ESQ.
                  8745 Aero Drive, Suite 301
                  San Diego, CA 92123
                  Tel: (858) 268-9909
                  Fax: (858) 268-4230
                  E-mail: craigedwyer@aol.com

Total Assets: $3,136,688

Total Liabilities: $2,685,226

The petition was signed by Curtis W. Price, chairman, Board of
Directors.

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

          http://bankrupt.com/misc/casb19-01943.pdf


STONEHUNT LLC: April 24 Plan Confirmation Hearing
-------------------------------------------------
The disclosure statement explaining the Chapter 11 plan of
liquidation filed by StoneHunt, LLC, is approved.

April 24, 2019 at 09:30 AM is fixed for the hearing on confirmation
of the plan at Charles R. Jonas Federal Building, 401 West Trade
Street, Courtroom 1−5, Charlotte, NC 28202.

April 17, 2019 is fixed as the last day for filing written
acceptances or rejections of the plan.

April 17, 2019 is fixed as the last day for filing and serving
written objections to confirmation of the plan.

The Debtor consented to the appointment of GreerWalker, LLP as
Chief Restructuring Officer, at the outset of the Chapter 11 Case.


The Plan provides that the holders of Administrative Convenience
Claims of $5,000 or less will be paid in full shortly after
confirmation.  Payments to other Classes of Creditors will not
occur until the Distribution Date as defined in the Plan.  The
Distribution Date is not conclusively fixed, and its occurrence may
be delayed by the time necessary to fully resolve all Litigation
Claims.  The Debtor estimates that, after payment of administrative
expenses, approximately $450,000 (or more) will be available to
distribute to the holders of Claims.  The Plan also provides that,
to the extent not previously allowed by the Bankruptcy Court, the
Debtor’s interest and/or claims in the Fraudulent Transfer Action
shall be abandoned to CCO, such that the Debtor will have no
further role in, or expense related to, that litigation.

Finally, the Plan contemplates that the Debtor will emerge from
bankruptcy and be dissolved following administration of the Estate
by the CRO.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/yys9sg8n from PacerMonitor.com at no charge.

                      About StoneHunt

StoneHunt, LLC, is a North Carolina limited liability company
engaged in real estate development business.

StoneHunt, LLC  filed a voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 18-31313) dated
Aug. 29, 2018.  In the petition signed by Stoney D. Sellars,
president, the Debtor estimated $50,000 in assets and $1 million to
$10 million in liabilities.  Judge Laura T. Beyer presides over the
case.  Richard S. Wright, Esq., at Moon Wright & Houston, PLLC, is
the Debtor's counsel.


STONEMOR PARTNERS: Needs Additional Time to File its Form 10-K
--------------------------------------------------------------
StoneMor Partners L.P. has filed a Notification of Late Filing on
Form 12b-25 with respect to its Annual Report on Form 10-K for its
fiscal year ended Dec. 31, 2018.  

StoneMor Partners was unable to file its Annual Report by the
prescribed filing deadline (March 18, 2019) without unreasonable
effort or expense due to additional time needed for the Partnership
to compile and analyze certain information and documentation and
complete preparation of its financial statements in order to permit
the Partnership's independent registered public accounting firm to
complete its audit of the financial statements to be included in
the Form 10-K and complete its audit of the Partnership's internal
controls over financial reporting as of Dec. 31, 2018.  While there
can be no assurances, the Partnership is working to file its Annual
Report on Form 10-K on or before the fifteenth calendar day
extension provided by Rule 12b-25.

                      About StoneMor Partners

StoneMor Partners L.P., headquartered in Trevose, Pennsylvania --
http://www.stonemor.com/-- is an owner and operator of cemeteries
and funeral homes in the United States, with 322 cemeteries and 90
funeral homes in 27 states and Puerto Rico.  StoneMor's cemetery
products and services, which are sold on both a pre-need (before
death) and at-need (at death) basis, include: burial lots, lawn and
mausoleum crypts, burial vaults, caskets, memorials, and all
services which provide for the installation of this merchandise.

Stonemor reported a net loss of $75.15 million for the year ended
Dec. 31, 2017, compared to a net loss of $30.48 million for the
year ended Dec. 31, 2016.  As of Sept. 30, 2018. StoneMor had $1.72
billion in total assets, $1.71 billion in total liabilities, and
$13.46 million in ttoal partners' capital.

                           *    *    *

As reported by the TCR on Feb. 13, 2019, Moody's Investors Service
downgraded StoneMor Partners L.P.'s Corporate Family rating to Caa2
from Caa1 and Probability of Default rating to Caa3-PD from
Caa1-PD.  The Caa2 CFR reflects Moody's concern that if pre-need
cemetery selling and liquidity pressures do not abate while the
senior secured credit facility is being refinanced, a distressed
exchange or other default event could become more likely.

In February 2019, S&P affirmed its 'CCC+' issuer credit rating on
StoneMor Partners LP.

In April 2018, S&P Global Ratings affirmed its 'CCC+' corporate
credit rating on StoneMor Partners L.P.  S&P said, "The rating
affirmation reflects our view that StoneMor's capital structure is
unsustainable and reflects our expectation that the company will
produce cash flow deficits in 2019."


T CAT ENTERPRISE: Cash Collateral Use Continued Until March 31
--------------------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized T CAT Enterprise, Inc., to
use cash collateral through and including March 31, 2019 pursuant
to the terms and conditions set forth in the Seventh Order.

A further hearing to consider the Cash Collateral Motion and entry
of final cash collateral order will be held on March 28, 2018 at
10:30 a.m.

The Debtor may use the cash collateral to pay those items
delineated in the cash collateral budget with a variance from
actual-to-projected weekly disbursements not to exceed 10% on
cumulative basis. The approved budget provides total projected
expenses of approximately $100,213 for the month of March 2019.

Associated Bank, N.A. asserts secured claims against some or all of
the Debtor's assets, including Debtor's cash and accounts
receivable.

Associated Bank and any other secured creditor are granted
replacement liens upon and security interests in the Debtor's
postpetition cash and accounts receivable in the same priority as
Associated Bank's and any other secured creditor's existing
prepetition liens (to the extent valid), and in no event to exceed
the type, kind, priority and amount, if any, of their security
interests which existed on the Petition Date.

The Debtor proposes to initially make monthly adequate protection
payments to Associated Bank in the amount of $6,000 by March 22,
2019, consisting of principal and interest on the outstanding
balance.

A copy of the Seventh Order is available at

             http://bankrupt.com/misc/ilnb18-22736-110.pdf

                     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.


TAYLOR TOOLING: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Taylor Tooling Group, LLC
        4303 - 3 Mile Road
        Grand Rapids, MI 49534

Business Description: Taylor Tooling Group is a machining
                      company in Grand Rapids, Michigan that
                      manufactures iron, steel mills, and
                      ferroalloy.

Chapter 11 Petition Date: March 15, 2019

Court: United States Bankruptcy Court
       Western District of Michigan (Grand Rapids)

Case No.: 19-01025

Judge: Hon. Scott W. Dales

Debtor's Counsel: James M. Keller, Jr., Esq.
                  KELLER & ALMASSIAN PLC
                  230 East Fulton St.
                  Grand Rapids, MI 49503
                  Tel: (616) 364-2100
                  E-mail: ecf@kalawgr.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James R. Taylor, member.

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

     http://bankrupt.com/misc/miwb19-01025_creditors.pdf

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

        http://bankrupt.com/misc/miwb19-01025.pdf


TRAILSIDE LODGING: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The Office of the U.S. Trustee on March 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Trailside Lodging, LP.

                     About Trailside Lodging

Trailside Lodging, LP, based in Pittsburgh, PA, filed a Chapter 11
petition (Bankr. W.D. Pa. Case No. 19-20524) on February 10, 2019.
The Hon. Thomas P. Agresti oversees the case.  In the petition
signed by Nathan Morgan, member, the Debtor estimated $1 million to
$10 million in assets and $500,000 to $1 million in liabilities.
The Debtor hired Whiteford Taylor & Preston, LLP, as counsel.


TRINET GROUP: S&P Hikes ICR to BB on Better Performance, Leverage
-----------------------------------------------------------------
S&P Global Ratings on March 18 announced that it raised its issuer
credit rating on Dublin, Calif.-based human resources (HR) service
provider TriNet Group Inc. to 'BB' from 'BB-' and said the outlook
is stable.

At the same time, S&P raised its issue-level ratings on the
company's senior secured credit facility to 'BBB-' from 'BB+'; the
recovery rating on this debt remains '1'.

"The upgrade reflects TriNet's good 2018 operating performance, the
remediation of its financial control material weakness identified
in its 2016 and 2017 financial audits, and our expectation for
continued credit measure strength as the company realizes the
financial and operational benefits of its transformation program,
low administrative costs, and WSE and revenue per WSE growth," S&P
said. "We forecast debt to EBITDA remaining at about 2x in 2019 and
expect the company to maintain its prudent debt leverage management
track record and effectively manage its insurance risk exposures."

The stable outlook reflects S&P's expectation for leverage in the
high-1.0x to low-2x range due to healthy WSE growth, low-teens net
insurance yield, and higher operating expenses for customer
experience improvements offset by cost leverage realized from the
company's single platform model in 2019. S&P expects strong free
operating cash flow generation of around $200 million each year
through 2020.

"We could downgrade the company if we expect adjusted debt to
EBITDA to exceed 2.5x and remain at that level. This could occur if
the company increases its financial policy risk tolerance such that
it engages in higher-than-anticipated share-buybacks, debt-funded
dividends, or acquisitions," S&P said. Additionally, insurance
claims in excess of expectations leading to faster-than-planned
increases in insurance services costs or high client or WSE
attrition could result in a downgrade, according to S&P.

"We consider an upgrade unlikely over the next 12 months. In an
upgrade scenario, we would expect the company to profitably
increase its scope and scale, diversify its revenues and product
offerings, or articulate its financial policy commitments such as
target leverage and shareholder return objectives," S&P said.


US SILICA: Egan-Jones Lowers Senior Unsecured Ratings to BB
-----------------------------------------------------------
Egan-Jones Ratings Company, on March 13, 2019, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by US Silica Holdings Incorporated to BB from BB+.

U.S. Silica Company, Inc. researches, develops and supplies
industrial silica products and solutions. The company was
incorporated in 1968 and is based in Frederick, Maryland. U.S.
Silica Company, Inc. operates as a subsidiary of U.S. Silica
Holdings, Inc.



VIASAT INC: Fitch Rates $500MM 1st Lien Secured Notes 'BB+'
-----------------------------------------------------------
Fitch Ratings has assigned a 'BB+'/'RR1' rating to Viasat, Inc.'s
offering of $500 million of first-lien senior secured notes due
2027. Proceeds will be used to repay all outstanding borrowings on
its revolving credit facility (RCF) and for general corporate
purposes, which may include financing costs related to the
purchase, launch and operation of satellites, potential
acquisitions, joint ventures and strategic alliances, working
capital or capital expenditures. In connection with the RCF
repayment, Viasat expects to reduce the commitment under its RCF to
$700 million from $800 million. Viasat currently has a Fitch Issuer
Default Rating (IDR) of 'B+' with a Stable Rating Outlook.

Viasat's 'B+' IDR reflects the company's strong revenue growth
prospects for fiscal 2019 and fiscal 2020, with growth in all three
of its business segments. This is balanced against moderately high
leverage as the company is funding the capital associated with its
satellite build program, including two high-capacity satellites
that are expected to be launched around the beginning of calendar
year 2021, with a third thereafter. The major boost in capacity
provided by these satellites should lead to a slower rate of
deployment of satellites in future years, leading to improved FCF.

KEY RATING DRIVERS

Moderately High Leverage and Strong Revenue Growth: Reflective of a
conservative base case, Fitch estimates Viasat's gross leverage
will peak at approximately 5.0x at the end of its 2020 fiscal year
(ending March 31, 2020). This is moderately higher than the most
recent available actual fiscal yearend, as gross leverage was 4.6x
at the end of fiscal 2018. Fitch expects gross leverage to be
moderately lower at the end of fiscal 2019, with growth in EBITDA
and the application of ViaSat-2 related insurance proceeds to the
repayment of debt. The placement of the ViaSat-2 satellite into
service in the fourth quarter of FY2018 has led to strong revenue
growth through the first nine months of FY2019. Year to date
revenues have growth 31%, and EBITDA has increased near that level.
Revenue expectations remain relatively strong for fiscal 2019 and
2020, given growth in all three business segments.

FCF Deficits from High Capital Spending: Viasat is in the midst of
a high capital spending period as it is building three
third-generation high throughput satellites at a total cost of $2
billion or more. The first of these satellites is expected to be
launched as early as late calendar 2020 but more likely in early
2021, which when placed into service following in-orbit testing, is
expected to lead to increases in revenue as the satellite's
capacity gets utilized. Capex is expected to remain high as the
second satellite will be launched about six months later and the
third in the second half of calendar 2022. The major boost in
capacity provided by these satellites should lead to a slower
deployment of satellites in the following years, leading to
improved FCF. The company has indicated as a frame of reference
that positive FCF may follow two years after the launch of its
first ViaSat-3 satellite.

Debt Funding: The continued build out of the first two of the
ViaSat-3 satellites is expected to cause Viasat to enter the
capital markets to fund the build out. In FY2017, the company
raised net proceeds of approximately $500 million from an equity
offering to support the initial investments in ViaSat-3. Fitch has
not assumed the issuance of equity in the forecast period.

Execution Risk: Viasat is in the construction phase of a three
satellite constellation that will require the company to not only
execute on the construction phase of the satellites but to continue
to execute on growth strategies to sustain EBITDA and cash flow
growth. The company is expected to benefit from a growing revenue
backlog.

Revenue Backlog: Viasat had a $1.8 billion backlog at Dec. 31,
2018, of which approximately one half is expected to be delivered
over the next 12 months. The company does not include amounts in
backlog if the company has does not have purchase orders. The
backlog does not include anticipated purchase orders for commercial
aircraft in-flight connectivity (IFC) systems or service revenues
under agreements. Of the additional 638 aircraft where IFC systems
were expected to be installed, only 190 had revenues in backlog
since the purchase orders had been accepted. A majority of the
company's contracts can be terminated at the convenience of its
customers for little or no penalties.

Vertical Integration: Viasat benefits from vertical integration,
which drives cost efficiencies. The satellites network systems
benefit from the ability of Viasat to develop and end-to-end
platform of satellites, ground networking equipment and user
terminals. The advances with respect to ViaSat-3 are expected to
drive further efficiencies.

Revenue Concentration: Viasat's five largest contracts provided 20%
of its revenues in fiscal 2018, about the same level as prior
fiscal years. The largest contracts by revenue were related to
tactical data links products and fixed satellite networks. The
company's largest customer is the U.S. government, which produced
nearly 31% of revenues in fiscal year 2018, up from prior year
amounts of 29% and 24% in fiscal 2017 and fiscal 2016,
respectively. The U.S. government revenues are dispersed across
various military branches, agencies and other government branches,
and revenues are derived from a wide range of products and
services.

Asset Risk: Satellites are subject to periodic failure of their
various components, although satellites in most cases have built-in
redundant systems. The small size of Viasat's fleet somewhat
elevates its asset risk. The company's risk will be partly offset
as it launches its third generation satellites as the beams can be
redirected, if need be, where coverage has been reduced, and this
generation of satellites will add a significant amount of capacity
with which the company can have additional redundancies.

Strong Competitive Position: Viasat operates with a strong
competitive position within certain business segments, including
the satellite services segment (fixed residential broadband and
in-flight connectivity) and government systems segment. In
satellite services, Viasat's competitors may have weaker financial
profiles or technology positions. In the government systems
segment, the company has solid positions in tactical data
links/Link 16 and in encryption devices. In this segment, Viasat
faces competition from higher rated companies with stronger and
more diversified businesses.

DERIVATION SUMMARY

In the satellite services business, as a provider of communications
infrastructure, comparable businesses to Viasat would be Telesat
Canada and Intelsat, both fixed satellite service operators. In
addition, another infrastructure type provider would be tower
operator SBA Communications, which leases space on towers and
ground space to wireless carriers, and is a key part of the
wireless industry infrastructure. Unlike Intelsat and Telesat or
SBA, Viasat provides services directly to consumers in its
satellite services segment. Given its vertically integrated
strategy, which not only includes satellite services but the
development and manufacture of equipment, the company's EBITDA
margins are lower than the pure service providers.

In the in-flight connectivity segment, Viasat competes against GoGo
Inc., Global Eagle, Inmarsat and Panasonic Avionic Corporation.

In the Government Systems and Commercial Systems segments, Viasat
competes against higher rated companies that have access to much
greater resources. In the Government Systems segment, there are
numerous competitors, but major competitors in the manufacture of
defense electronic against which Viasat competes include BAE
Systems plc (BBB/Stable) and United Technologies following its
acquisition of Rockwell Collins.

In the Commercial Networks segment, the company also competes
against much larger companies, included Airbus SE (A-/Stable),
General Dynamics, L-3 Technologies (BBB-/Watch Positive) and Space
Systems/Loral (Maxar Technologies).

KEY ASSUMPTIONS

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

  -- In a conservative base case forecast, Fitch assumes revenue
growth in the mid-20% range for FY2019, declining to an average in
the 10%-12% range over FY2020 and FY2021;

  -- Fitch calculated EBITDA margins expand from the mid-teens in
FY2019 to approximately 20% in FY2021;

  -- The company is assumed to issue debt and/or draw on its
revolver to fund its satellite build program;

  -- Over 2019-21, capex is approximately $800 million annually;

  -- The first ViaSat-3 launch is completed early in calendar
2021.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action
  -- Gross debt leverage, and net FFO leverage, sustained below
5.0x and 5.5x, respectively, combined with the successful launch
and deployment of service on the first ViaSat-3 satellite.
Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Gross debt leverage and net FFO leverage sustained above 6.0x
and 6.5x, respectively;

  -- Material delays or issues with respect to anticipated
satellite launches, or delays in achieving revenue and EBITDA
growth from future satellites.

LIQUIDITY

Liquidity: Viasat's liquidity is relatively strong, taking into
account the availability on its revolver and available cash
balances, and is partly offset by FCF deficits. At Dec. 31, 2018,
cash and cash equivalents amounted to $43 million. Fitch expects
FCF of $110 million in FY2019 (or a deficit of $62 million if
insurance proceeds related to ViaSat-2 are excluded). FCF deficits
ranged from approximately $150 million to $230 million in
FY2016-2018.

At Dec. 31, 2018, Viasat had approximately $455 million of capacity
on its $800 million revolver (in place until January 2024), after
taking into account approximately $325 million in borrowings and
$20 million in letters of credit. Pro forma for the current debt
offering and reduction in the size of the RCF, Viasat will have
$680 million of availability. Viasat also had $152 million
outstanding under an Export-Import Bank of the United States
(Ex-Im) credit facility, a senior secured direct loan facility. The
company had fully drawn $362 million under the Ex-Im credit
facility. Of the amount borrowed, approximately $321 million was
used to finance up to 85% of the cost of construction, launch and
insurance of the ViaSat-2 satellite and related costs. Upon the
receipt of the insurance proceeds related to ViaSat-2, the entire
proceeds of $172.2 million were used to pay down the facility, as
required.

Other than amortizations related to the Ex-Im credit facility
(about $20 million annually) there are no major maturities until
the revolver matures in January 2024.

The company is required by the terms of its senior secured credit
facilities to have insurance on 75% of the net book value of
certain covered satellites. The company has in-orbit insurance on
ViaSat-2, ViaSat-1, WildBlue-1 and the Anik F2 satellites.


VIASAT INC: Moody's Affirms B2 CFR & Rates New $500MM Notes B1
--------------------------------------------------------------
Moody's Investors Service affirmed Viasat, Inc.'s B2 corporate
family rating (CFR), and its B2-PD probability of default rating
(PDR) while, at the same time, rating the company's new $500
million secured notes issue B1. As part of the same action, Moody's
also affirmed the Caa1 rating for the company's $700 million senior
unsecured notes, as well as Viasat's SGL-3 speculative grade
liquidity rating (adequate). The ratings outlook remains stable.

"The notes issue is neutral to Viasat's B2 rating but is credit
positive since liquidity is bolstered," said Bill Wolfe, a Moody's
senior vice president. Proceeds from the new notes repay amounts
outstanding under the company's $700 million revolving credit
facility (not rated) and bolsters cash. Ratings are contingent upon
Moody's review of the final transaction, and satisfaction that all
parameters substantially conform to expectations.

The following summarizes Viasat's ratings and the rating actions:

Issuer: Viasat, Inc.

Assignment:

  Senior Secured Regular Bond/Debenture, Assigned B1 (LGD3)

Affirmations:

  Corporate Family Rating, Affirmed at B2

  Probability of Default Rating, Affirmed at B2-PD

  Senior Unsecured Regular Bond/Debenture, Affirmed at Caa1 (LGD5)

  Speculative Grade Liquidity Rating, Affirmed at SGL-3

Outlook Action:

  Outlook, Remains Stable

RATINGS RATIONALE

Viasat's B2 corporate family rating is supported by the significant
growth potential of its fixed and mobile satellite broadband
businesses, the more modest positive growth prospects of its
government systems business, and solid engineering capabilities
which underpin all of its products. The rating is constrained by
ongoing cash flow deficits and requirements for external funding,
expectations of elevated debt/EBITDA leverage of between 5x and
5.5x over the next two years, and execution risks as the company
pursues new technologies amid evolving supply/demand fundamentals
for satellite services.

Viasat's SGL-3 speculative grade liquidity rating (adequate) is
based on having about $900 million of resources via Q3-F19 cash of
about $210 million and un-drawn revolving credit capacity of $700
million (in both cases, pro forma for the pending debt issue), with
which to address a one year forward-looking cash flow deficit of
about $500 million. Financial covenant compliance issues are not
anticipated.

Rating Outlook

The outlook is stable based on expectations of leverage of
debt/EBITDA of between 5x and 5.5x (4.7x at 31Dec18) along with
adequate liquidity arrangements.

What Could Change the Rating -- Up

Viasat's CFR could be upgraded to B1 if Moody's expected:

-- Debt/EBITDA sustained below ~4x (4.7x at 31Dec18); and

-- Liquidity arrangements assured at least three years' funding

What Could Change the Rating -- Down

Viasat's CFR could be downgraded to B3 if Moody's expected:

-- Deteriorating liquidity arrangements, or

-- Debt/EBITDA sustained above ~5.5x (4.7x at 31Dec18)

Headquartered in Carlsbad, California, Viasat, Inc. (Viasat)
operates a consumer satellite broadband internet business, a
commercial in-flight connectivity business, and is a leading
provider of satellite and related communications/networking
systems/services for government and commercial customers. Annual
revenues are approximately $2 billion. Government systems generate
46% of revenue, while the Satellite Services (fixed and mobile
broadband internet) and Commercial Networks generate 33% and 21%,
respectively.


W.E.N.I.M.M LCC: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The United States Trustee advises the Bankruptcy Court that a
committee under 11 U.S.C. Sec. 1102 has not been appointed in the
Chapter 11 case of W.E.N.I.M.M. LCC because an insufficient number
of persons holding unsecured claims against the Debtor have
expressed interest in serving on a committee.  The U.S. Trustee
reserves the right to appoint such a committee should interest
develop among the creditors.

Based in Phoenix, Arizona, Gallindo Property Management LLC (Bankr.
D. Ariz. Case No. 19-01010) and its affiliate, W.E.N.I.M.M. LCC
(Bankr. D. Ariz. Case No. 19-01013) filed voluntary Chapter 11
petitions on January 29, 2019.  Gallindo Property Management is a
privately held company engaged in activities related to real
estate.   W.E.N.I.M.M is an operator of automotive parts,
accessories, and tire store.

The Gallindo case is assigned to Hon. Daniel P. Collins, while the
W.E.N.I.M.M case is assigned to Madeleine C. Wanslee.

The Debtors are represented by Shelton L. Freeman, Esq., at Freeman
Law PLLC, in Scottsdale, Arizona, and Patrick M. Jones, Esq., at
PMJ PLLC, in Chicago, Illinois.

At the time of filing, Gallindo had estimated assets of $1 million
to $10 million and estimated liabilities of $1 million to $10
million.

At the time of filing, W.E.N.I.M.M had estimated assets of $1
million to $10 million and estimated liabilities of $1 million to
$10 million.

The petitions were signed by Wendel Waggoner, manager.


WALTON BUSINESS: April 19 Plan Confirmation Hearing
---------------------------------------------------
The Bankruptcy Court has issued an order conditionally approving
the disclosure statement explaining Walton Business Center Land
Trust's Small Business Chapter 11 Plan.  The hearing to consider
confirmation of the Plan will be held on April 19, 2019 at 10:00 AM
Central Time.  Last day to object to confirmation is April 12.

Allowed Priority Claims shall be paid over time as allowed by the
Bankruptcy  Code.

The Bierbaums are the holder of a Class 2Claim. The balance is
$144,078.36. Post-petition interest accrued at 5.53% equaling
$21.61 per diem interest. While the case was pending, the Debtor
paid monthly adequate protection payments totaling $7,648.30
through February 2019. Attorney's fees for the Bierbaums are
estimated at $7,850.00, however additional fees may accrue through
the date of confirmation which would be amended. The petition
balance plus interest accrued less adequate protection leaves a
balance of $144,101.41 plus estimated attorney fees totals
$151,951.41. Upon confirmation, Bierbaums will receive $105,025.00
via wire transfer to the account of their counsel. The remaining
balance of $46,926.41 will be paid over 24 months at 5.5% interest
rate with no prepayment penalty which payment is $2,069.25. Monthly
payment shall be paid to counsel for the Bierbaums.

The only Class 3 was filed by the Internal Revenue Service but
Debtor disputes this amount owed.

Class 4 Equity Interests shall not be extinguished and the
Reorganized Debtor will be continue to be owned by Debtor at the
same percentage of ownership.

All payments as provided for the in the Debtor's Plan shall be
funded by the Debtor's cash on hand and revenue from the operation
of the Business.

A full-text copy of the Disclosure Statement dated March 13, 2019,
is available at http://tinyurl.com/y4cpc87dfrom PacerMonitor.com
at no charge.

Headquartered in Defuniak Springs, Florida, Walton Business Center
Land Trust dated Nov. 14, 2013 estimating its assets and
liabilities at between $100,001 ad $500,000 each.  Shiraz Ali
Hosein, Esq., at Anchors waddyng ommitteee.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Walton Business Center Land Trust dated Nov.
14, 2013, as of April 12, according to a court docket.


WILLIAMS PLUMBING: May Use BFS Capital Cash Collateral Thru Aug. 14
-------------------------------------------------------------------
The Hon. Bess M. Parrish Creswell of the U.S. Bankruptcy Court for
the Middle District of Alabama authorized Williams Plumbing Heating
and Air Conditioning, Inc., to use the cash collateral presently
subject to a first priority security interest of BFS Capital until
Aug. 14, 2019.

The Debtor proposes to use the cash collateral to meet its
post-petition obligations and to pay its expenses, general and
administrative operating expenses, and other necessary costs and
expenses, including taxes and insurance and other expenses incurred
during the pendency of the bankruptcy case.

The Debtor has a secured note with BFS having a balance of
approximately $24,216. As security for its claims, BFS asserts a
lien on all accounts receivable and working capital.

The Debtor will provide adequate protection by paying BFS $500 on
the 15th day of each month.

A copy of the Interim Order is available at

           http://bankrupt.com/misc/almb19-30125-33.pdf

                 About Williams Plumbing, Heating
                     and Air Conditioning Inc.

Williams Plumbing, Heating, and Air Conditioning, Inc., operates a
heating, and air conditioning company, specifically installing and
repairing HVAC systems.  The company is operated by Michael Coker.

Williams Plumbing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Ala. Case No. 19-30125) on Jan. 16,
2019.  The Debtor tapped The Fritz Law Firm as its legal counsel.
No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


WILLIAMS PLUMBING: May Use Kabbage Cash Collateral Thru Aug. 14
---------------------------------------------------------------
The Hon. Bess M. Parrish Creswell the U.S. Bankruptcy Court for the
Middle District of Alabama authorized Williams Plumbing Heating and
Air Conditioning, Inc., to use the cash collateral presently
subject to a first priority security interest of Kabbage, Inc.
until Aug. 14, 2019.

The Debtor proposes to use the cash collateral to meet its
post-petition obligations and to pay its expenses, general and
administrative operating expenses, and other necessary costs and
expenses, including taxes and insurance and other expenses incurred
during the pendency of the bankruptcy case.

The Debtor has a secured note with Kabbage having a balance of
approximately $30,000. As security for its claims, Kabbage asserts
a lien on all accounts receivable and working capital.

The Debtor will provide adequate protection by paying Kabbage $500
on the 15th day of each month.

A copy of the Interim Order is available at

           http://bankrupt.com/misc/almb19-30125-34.pdf

                 About Williams Plumbing, Heating
                     and Air Conditioning Inc.

Williams Plumbing, Heating, and Air Conditioning, Inc., operates a
heating, and air conditioning company, specifically installing and
repairing HVAC systems.  The company is operated by Michael Coker.

Williams Plumbing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Ala. Case No. 19-30125) on Jan. 16,
2019.  The Debtor tapped The Fritz Law Firm as its legal counsel.
No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


WILLIAMS PLUMBING: May Use On Deck Cash Collateral Thru Aug. 14
---------------------------------------------------------------
The Hon. Bess M. Parrish Creswell the U.S. Bankruptcy Court for the
Middle District of Alabama authorized Williams Plumbing Heating and
Air Conditioning, Inc., to use the cash collateral presently
subject to a first priority security interest of On Deck Capital,
Inc. until Aug. 14, 2019.

The Debtor proposes to use the cash collateral to meet its
postpetition obligations and to pay its expenses, general and
administrative operating expenses, and other necessary costs and
expenses, including taxes and insurance and other expenses incurred
during the pendency of the bankruptcy case.

The Debtor has a secured note with On Deck having a balance of
approximately $40,000. As security for its claims, On Deck asserts
a lien on all accounts receivable and working capital.

The Debtor will provide adequate protection by paying On Deck $500
on the 15th day of each month.

A copy of the Interim Order is available at

             http://bankrupt.com/misc/almb19-30125-35.pdf

                 About Williams Plumbing, Heating
                     and Air Conditioning Inc.

Williams Plumbing, Heating, and Air Conditioning, Inc., operates a
heating, and air conditioning company, specifically installing and
repairing HVAC systems.  The company is operated by Michael Coker.

Williams Plumbing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Ala. Case No. 19-30125) on Jan. 16,
2019.  The Debtor tapped The Fritz Law Firm as its legal counsel.
No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


WILLIAMS PLUMBING: May Use Par Funding Cash Collateral Thru Aug. 14
-------------------------------------------------------------------
The Hon. Bess M. Parrish Creswell the U.S. Bankruptcy Court for the
Middle District of Alabama authorized Williams Plumbing Heating and
Air Conditioning, Inc. to use the cash collateral presently subject
to a first priority security interest of Par Funding until Aug. 14,
2019.

The Debtor proposes to use the cash collateral to meet its
post-petition obligations and to pay its expenses, general and
administrative operating expenses, and other necessary costs and
expenses, including taxes and insurance and other expenses incurred
during the pendency of the bankruptcy case.

The Debtor has a secured note with Par Funding having a balance of
approximately $23,559. As security for its claims, Par Funding
asserts a lien on all accounts receivable and working capital.

The Debtor will provide adequate protection by paying to Par
Funding $500 on the 15th day of each month.

A copy of the Interim Order is available at

           http://bankrupt.com/misc/almb19-30125-36.pdf

                 About Williams Plumbing, Heating
                     and Air Conditioning Inc.

Williams Plumbing, Heating, and Air Conditioning, Inc., operates a
heating, and air conditioning company, specifically installing and
repairing HVAC systems.  The company is operated by Michael Coker.

Williams Plumbing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Ala. Case No. 19-30125) on Jan. 16,
2019.  The Debtor tapped The Fritz Law Firm as its legal counsel.
No official committee of unsecured creditors has been appointed in
the Chapter 11 case.




[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Sandra Lee Craven
   Bankr. D. Ariz. Case No. 19-01872
      Chapter 11 Petition filed February 21, 2019
         represented by: Patrick F. Keery, Esq.
                         KEERY MCCUE, PLLC
                         E-mail: pfk@keerymccue.com

In re Roger Allen Jones
   Bankr. D. Ariz. Case No. 19-01883
      Chapter 11 Petition filed February 21, 2019
         represented by: Anthony W. Clark, Esq.
                         CLARK & ASSOCIATES
                         E-mail: ecf@awcesq.com

In re Eftekhar Doleh Shapouri
   Bankr. S.D. Cal. Case No. 19-00880
      Chapter 11 Petition filed February 21, 2019
         represented by: Douglas E. Klein, Esq.
                         LAW OFFICES OF DOUGLAS E. KLEIN
                         E-mail: dek36@hotmail.com

In re Kelly O. Dunn and Debra Kay Dunn
   Bankr. D. Colo. Case No. 19-11186
      Chapter 11 Petition filed February 21, 2019
         represented by: Phillip Jones, Esq.
                         E-mail: pjones@wth-law.com

In re Larry Carr & Associates, Inc.
   Bankr. M.D. Fla. Case No. 19-01390
      Chapter 11 Petition filed February 21, 2019
         See http://bankrupt.com/misc/flmb19-01390.pdf
         represented by: Michael J. Hooi, Esq.
                         STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                         E-mail: mhooi.ecf@srbp.com

In re Creative Pyrotechnics, LLC
   Bankr. S.D. Fla. Case No. 19-12325
      Chapter 11 Petition filed February 21, 2019
         See http://bankrupt.com/misc/flsb19-12325.pdf
         represented by: Dana L. Kaplan , Esq.
                         KELLEY & FULTON, PL                       
  E-mail: dana@kelleylawoffice.com

In re Otis Edwards
   Bankr. N.D. Ill. Case No. 19-04619
      Chapter 11 Petition filed February 21, 2019
         represented by: Glenda J. Gray, Esq.
                         FERNANDEZ & GRAY
                         E-mail: bfernandezggray@gmail.com

In re Kirkland C. Stallings and Sherri L. Stallings
   Bankr. W.D. Ky. Case No. 19-30494
      Chapter 11 Petition filed February 21, 2019
         represented by: David M. Cantor, Esq.
                         SEILLER WATERMAN LLC
                         E-mail: cantor@derbycitylaw.com

In re Manuel Martinez
   Bankr. D. Nev. Case No. 19-10976
      Chapter 11 Petition filed February 21, 2019
         represented by: Michael J. Harker, Esq.
                         E-mail: notices@harkerlawfirm.com

In re 656 Coster Improvement Corp.
   Bankr. E.D.N.Y. Case No. 19-71274
      Chapter 11 Petition filed February 21, 2019
         Filed Pro Se

In re Cheryl Calina Burns
   Bankr. M.D. Tenn. Case No. 19-01059
      Chapter 11 Petition filed February 22, 2019
         represented by: Griffin S. Dunham, Esq.
                         DUNHAM HILDEBRAND, PLLC
                         E-mail: griffin@dhnashville.com

In re Castleberry Parks and Recreation, Inc.
   Bankr. S.D. Ala. Case No. 19-10609
      Chapter 11 Petition filed February 22, 2019
         See http://bankrupt.com/misc/alsb19-10609.pdf
         represented by: J. Willis Garrett, Esq.
                         GALLOWAY, WETTERMARK & RUTENS, LLP
                         E-mail: wgarrett@gallowayllp.com

In re 119A Calyer LLC.
   Bankr. E.D.N.Y. Case No. 19-41040
      Chapter 11 Petition filed February 22, 2019
         Filed Pro Se

In re 150 Calyer LLC.
   Bankr. E.D.N.Y. Case No. 19-41041
      Chapter 11 Petition filed February 22, 2019
         Filed Pro Se

In re Karim Taxi, L.L.C.
   Bankr. E.D.N.Y. Case No. 19-41045
      Chapter 11 Petition filed February 22, 2019
         See http://bankrupt.com/misc/nyeb19-41045.pdf
         represented by: Alla Kachan, Esq.
                         LAW OFFICES OF ALLA KACHAN, P.C.
                         E-mail: alla@kachanlaw.com

In re Yehia, LLC
   Bankr. E.D.N.Y. Case No. 19-41047
      Chapter 11 Petition filed February 22, 2019
         See http://bankrupt.com/misc/nyeb19-41047.pdf
         represented by: Alla Kachan, Esq.
                         LAW OFFICES OF ALLA KACHAN, P.C.
                         E-mail: alla@kachanlaw.com

In re Annabella Gelbard
   Bankr. E.D.N.Y. Case No. 19-71290
      Chapter 11 Petition filed February 22, 2019
         represented by: Gary C. Fischoff, Esq.
                 BERGER, FISCHOFF, SHUMER, WEXLER & GOODMAN, LLP
                         E-mail: gfischoff@bfslawfirm.com

In re A Calhoun Corp.
   Bankr. S.D.N.Y. Case No. 19-10558
      Chapter 11 Petition filed February 22, 2019
         Filed Pro Se

In re Johnny Marvin Boyd and Carrie Boyd
   Bankr. W.D. Ark. Case No. 19-70487
      Chapter 11 Petition filed February 22, 2019
         represented by: Donald A. Brady, Esq.
                         BRADY & CONNER, PLLC
                         E-mail: aadrbk@gmail.com

In re Chan Namgong
   Bankr. E.D.N.C. Case No. 19-00791
      Chapter 11 Petition filed February 22, 2019
         represented by: Jason L. Hendren, Esq.
                         HENDREN REDWINE & MALONE, PLLC
                         E-mail: jhendren@hendrenmalone.com

In re Angel Juan Melendez Davila and Gloria Vanessa Velez Garcia
   Bankr. D.P.R. Case No. 19-00967
      Chapter 11 Petition filed February 22, 2019
         represented by: Jesus Enrique Batista Sanchez, Esq.
                         THE BATISTA LAW GROUP, PSC
                         E-mail: jeb@batistasanchez.com

In re Cheryl Calina Burns
   Bankr. M.D. Tenn. Case No. 19-01059
      Chapter 11 Petition filed February 22, 2019
         represented by: Griffin S. Dunham, Esq.
                         DUNHAM HILDEBRAND, PLLC
                         E-mail: griffin@dhnashville.com

In re White Lighting Express, LLC
   Bankr. N.D. Tex. Case No. 19-30630
      Chapter 11 Petition filed February 23, 2019
         See http://bankrupt.com/misc/txnb19-30630.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re Desert Bear Ventures & Investment Inc.
   Bankr. D. Ariz. Case No. 19-01962
      Chapter 11 Petition filed February 25, 2019
         Filed Pro Se

In re Gary L. Polder
   Bankr. N.D. Cal. Case No. 19-50375
      Chapter 11 Petition filed February 25, 2019
         represented by: Cathleen Cooper Moran, Esq.
                         MORAN LAW GROUP
                         E-mail: ecf@moranlaw.net

In re Timothy W. Gallagher
   Bankr. D. Mass. Case No. 19-10587
      Chapter 11 Petition filed February 25, 2019
         represented by: Marques C. Lipton, Esq.
                         PARKER & ASSOCIATES
                         E-mail: mlipton@ninaparker.com

In re Santos A. Lainez
   Bankr. D. Md. Case No. 19-12293
      Chapter 11 Petition filed February 25, 2019
         represented by: Erik G. Soderberg, Esq.
                         LAW OFFICE OF ERIK G. SODERBERG
                         E-mail: esoderberg@papewelt.com

In re Skidz Enterprises, LLC
   Bankr. D. Neb. Case No. 19-40285
      Chapter 11 Petition filed February 25, 2019
         See http://bankrupt.com/misc/neb19-40285.pdf
         represented by: Jennifer D. Joakim, Esq.
                         LAW OFFICES OF JENNIFER D. JOAKIM
                         E-mail: atyjdj@aol.com

In re Suzi's Skin & Nail Care Studio, Inc.
   Bankr. D.N.J. Case No. 19-13760
      Chapter 11 Petition filed February 25, 2019
         See http://bankrupt.com/misc/njb19-13760.pdf
         represented by: David A. Ast, Esq.
                         AST & SCHMIDT
                         E-mail: david@astschmidtlaw.com

In re Manuel M. Bello
   Bankr. D.N.J. Case No. 19-13788
      Chapter 11 Petition filed February 25, 2019
         represented by: Lawrence F. Morrison, Esq.
                         E-mail: morrlaw@aol.com

In re Arnaldo Villamil Pagan and Ivette Santana Davila
   Bankr. D.P.R. Case No. 19-01001
      Chapter 11 Petition filed February 25, 2019
         represented by: Harold A Frye Maldonado, Esq.
                         E-mail: frye.maldonado@gmail.com

In re Melvin Earl Somerville
   Bankr. S.D.W. Va. Case No. 19-60018
      Chapter 11 Petition filed February 25, 2019
         represented by: Joseph W. Caldwell, Esq.
                         CALDWELL & RIFFEE
                         E-mail: joecaldwell@frontier.com

In re Mama's Hawaiian Bbq, Inc.
   Bankr. D. Ariz. Case No. 19-02002
      Chapter 11 Petition filed February 26, 2019
         See http://bankrupt.com/misc/azb19-02002.pdf
         represented by: Eric Slocum Sparks, Esq.
                         ERIC SLOCUM SPARKS PC
                         E-mail: law@ericslocumsparkspc.com

In re Judi Beth Shor
   Bankr. C.D. Cal. Case No. 19-10320
      Chapter 11 Petition filed February 26, 2019
         represented by: Matthew D. Resnik, Esq.
                         RESNIK HAYES MORADI LLP
                         E-mail: matt@rhmfirm.com

In re Shirley Napolske
   Bankr. C.D. Cal. Case No. 19-10421
      Chapter 11 Petition filed February 26, 2019
         represented by: Bryan Diaz, Esq.
                         BRYAN DIAZ LAW, APC
                    E-mail: bryan@bryandiazlaw.onmicrosoft.com

In re Alexander B. Arzadon and Liezl M. Arzadon
   Bankr. N.D. Cal. Case No. 19-30211
      Chapter 11 Petition filed February 26, 2019
         represented by: Arasto Farsad, Esq.
                         FARSAD LAW OFFICES
                         E-mail: FarsadECF@gmail.com

In re F&M Trucking, LLC
   Bankr. D. Colo. Case No. 19-11306
      Chapter 11 Petition filed February 26, 2019
         See http://bankrupt.com/misc/cob19-11306.pdf
         represented by: Bonnie Bell Bond, Esq.
                         LAW OFFICE OF BONNIE BELL BOND, LLC
                         E-mail: bonnie@bellbondlaw.com

In re Fleet Management of Orlando LLC
   Bankr. S.D. Fla. Case No. 19-12498
      Chapter 11 Petition filed February 26, 2019
         Filed Pro Se

In re Sixta Farms, LLC
   Bankr. D. Minn. Case No. 19-30528
      Chapter 11 Petition filed February 26, 2019
         See http://bankrupt.com/misc/mnb19-30528.pdf
         represented by: Erik A. Ahlgren, Esq.
                         AHLGREN LAW OFFICE
                         E-mail: erikahlgren@charter.net

In re Richland Eggs, Inc.
   Bankr. D. Minn. Case No. 19-30529
      Chapter 11 Petition filed February 26, 2019
         See http://bankrupt.com/misc/mnb19-30529.pdf
         represented by: Erik A Ahlgren, Esq.
                         AHLGREN LAW OFFICE
                         E-mail: erikahlgren@charter.net

In re Steven Castronova
   Bankr. D.N.J. Case No. 19-13867
      Chapter 11 Petition filed February 26, 2019
         represented by: David L. Stevens, Esq.
                         SCURA, WIGFIELD, HEYER & STEVENS
                         E-mail: dstevens@scuramealey.com

In re 17807 130 Ave Corp.
   Bankr. E.D.N.Y. Case No. 19-41097
      Chapter 11 Petition filed February 26, 2019
         Filed Pro Se

In re Steven Robert Curran
   Bankr. E.D.N.Y. Case No. 19-71398
      Chapter 11 Petition filed February 26, 2019
         Filed Pro Se

In re ONG Amnuay, Inc
   Bankr. S.D.N.Y. Case No. 19-10599
      Chapter 11 Petition filed February 26, 2019
         See http://bankrupt.com/misc/nysb19-10599.pdf
         represented by: Douglas J. Pick, Esq.
                         PICK & ZABICKI LLP
                         E-mail: dpick@picklaw.net

In re Michael Boris
   Bankr. S.D.N.Y. Case No. 19-10614
      Chapter 11 Petition filed February 26, 2019
         represented by: Melinda D. Middlebrooks, Esq.
                         MIDDLEBROOKS SHAPIRO, P.C.
                         E-mail:
middlebrooks@middlebrooksshapiro.com

In re Farkad Balaya
   Bankr. W.D.N.Y. Case No. 19-10310
      Chapter 11 Petition filed February 26, 2019
         represented by: Daniel F. Brown, Esq.
                         ANDREOZZI BLUESTEIN LLP
                         E-mail: dfb@andreozzibluestein.com

In re All Systems Fire Protection Company, Inc.
   Bankr. W.D. Pa. Case No. 19-20712
      Chapter 11 Petition filed February 26, 2019
         See http://bankrupt.com/misc/pawb19-20712.pdf
         represented by: Brian C. Thompson, Esq.
                         THOMPSON LAW GROUP, P.C.
                         E-mail: bthompson@ThompsonAttorney.com

In re T I G Holdings, Inc.
   Bankr. W.D. La. Case No. 19-50245
      Chapter 11 Petition filed February 27, 2019
         See http://bankrupt.com/misc/lawb19-50245.pdf
         represented by: Thomas E. St. Germain, Esq.
                         WEINSTEIN LAW FIRM
                         E-mail: ecf@weinlaw.com

In re Elmore Realty Services LLC
   Bankr. D. Mass. Case No. 19-30151
      Chapter 11 Petition filed February 27, 2019
         See http://bankrupt.com/misc/mab19-30151.pdf
         represented by: Louis S. Robin, Esq.
                         LAW OFFICES OF LOUIS S. ROBIN
                         E-mail:
louis.robin.bankruptcyECF@gmail.com

In re D.S. Property Managment, L.L.C.
   Bankr. E.D. Mich. Case No. 19-30445
      Chapter 11 Petition filed February 27, 2019
         See http://bankrupt.com/misc/mieb19-30445.pdf
         represented by: Raymond Mashni, Esq.
                         RAYMOND N. MASHNI, PLC              
                         E-mail: rmashni@aol.com

In re Dominic & Christian, Inc.
   Bankr. E.D. Mich. Case No. 19-42724
      Chapter 11 Petition filed February 27, 2019
         See http://bankrupt.com/misc/mieb19-42724.pdf
         represented by: Peter Steven Halabu, Esq.
                         HALABU, P.C
                         E-mail: peter@halabu.net

In re Richland Agronomy, Inc.
   Bankr. D. Minn. Case No. 19-30548
      Chapter 11 Petition filed February 27, 2019
         See http://bankrupt.com/misc/mnb19-30548.pdf
         represented by: Erik A Ahlgren, Esq.
                         AHLGREN LAW OFFICE
                         E-mail: erikahlgren@charter.net

In re Ikechukwu H. Okorie
   Bankr. S.D. Miss. Case No. 19-50379
      Chapter 11 Petition filed February 27, 2019
         represented by: Patrick A. Sheehan, Esq.
                         E-mail: pat@sheehanlawfirm.com

In re Jeffrey M. Milligan
   Bankr. E.D.N.C. Case No. 19-00868
      Chapter 11 Petition filed February 27, 2019
         represented by: Trawick H Stubbs, Jr., Esq.
                         STUBBS & PERDUE, P.A.
                         E-mail: efile@stubbsperdue.com

In re Nikkara Ann Thompson
   Bankr. W.D.N.C. Case No. 19-40065
      Chapter 11 Petition filed February 27, 2019
         Filed Pro Se

In re 180 Atkins Ettzy LLC
   Bankr. E.D.N.Y. Case No. 19-41160
      Chapter 11 Petition filed February 27, 2019
         See http://bankrupt.com/misc/nyeb19-41160.pdf
         represented by: Eric H. Horn, Esq.
                         VOGEL BACH & HORN, LLP
                         E-mail: ehorn@vogelbachpc.com

In re Truck Repair of Brooklyn New York, Inc.
   Bankr. E.D.N.Y. Case No. 19-41169
      Chapter 11 Petition filed February 27, 2019
         See http://bankrupt.com/misc/nyeb19-41169.pdf
         Filed Pro Se

In re Evgeny M. Morozov and Yuri N. Demidenko
   Bankr. S.D.N.Y. Case No. 19-10629
      Chapter 11 Petition filed February 27, 2019
         See http://bankrupt.com/misc/nysb19-10629.pdf
         represented by: Edward L. Schnitzer, Esq.
                         CKR LAW LLP
                         E-mail: eschnitzer@ckrlaw.com

In re Michael A Damergis
   Bankr. S.D.N.Y. Case No. 19-22543
      Chapter 11 Petition filed February 27, 2019
         represented by: Todd S. Cushner, Esq.
                         CUSHNER & ASSOCIATES, P.C.
                         E-mail: todd@cushnerlegal.com

In re Charles Aushby Jenkins, Jr
   Bankr. E.D. Va. Case No. 19-10608
      Chapter 11 Petition filed February 27, 2019
         Filed Pro Se

In re Kostas Tourloukis and Maria Tourloukis
   Bankr. E.D. Wis. Case No. 19-21488
      Chapter 11 Petition filed February 27, 2019
         represented by: Evan Schmit, Esq.
                         KERKMAN & DUNN
                         E-mail: eschmit@kerkmandunn.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
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 ***