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

              Wednesday, May 8, 2019, Vol. 23, No. 127

                            Headlines

342 58 STREET: Disclosures OK'd; Plan Hearing Set for June 19
550 SEABREEZE: Files Chapter 11 Plan of Liquidation
ADETONA LLC: June 5 Plan Confirmation Hearing
ALL CARE CONSULTANTS: Seeks to Hire Sue Lasky as Legal Counsel
ANVIL INT'L: Moody's Gives B2 CFR & Rates $690MM 1st Lien Loan B2

ATLANTIC RECYCLING: U.S. Trustee Objects to Disclosure Statement
AVANTOR INC: S&P Places 'B' ICR on Watch Positive on Planned IPO
BALL CORP: Fitch Affirms & Then Withdraws BB+ Issuer Default Rating
BCP RENAISSANCE: S&P Alters Outlook to Negative,  Affirms 'B+' ICR
BERRY GLOBAL: Moody's Rates $2.7BB Term Loan Ba2, Outlook Stable

CITYVIEW PUBLISHING: May 28 Plan Confirmation Hearing
CONSOLIDATED INFRASTRUCTURE: May 13 Auction of All Assets Set
CONTINENTAL WHOLESALE: June 21 Plan, Disclosures Hearing
CORTLAND HABITATS: Plan and Disclosures Hearing Set for June 3
CORVALLIS FEED: Seeks to Hire Patten Peterman as Legal Counsel

CYTORI THERAPEUTICS: Oxford Agrees to Loan Agreement Amendment
DELUXE ENTERTAINMENT: S&P Keeps 'B-' ICR on CreditWatch Negative
DSN INC: $160K Sale of Hancock County Property to Wright Approved
FLORA E. WEIMERSKIRCH: Selling Douglas County Property for $790K
FUSE LLC: June 5 Combined Plan, Disclosure Statement Hearing

GARDEN OF EDEN: Plan Incorporates 14th Street Landlord Settlement
HENDRIKUS TON: $19K Sale of Buras Property to Riley Approved
HISTORIC HABITATS: June 5 Hearing on Disclosure Statement
JONES ENERGY: Seeks to Hire A&M as Restructuring Advisor
KW1 LLC: Taps Harvey Lindsay as Real Estate Agent

LA CANASTA: Disclosures OK'd; June 5 Plan Confirmation Hearing
LIVE OUT LOUD: Proposes to Market Business to Fund Plan Payments
LOUISIANA LOCAL: Moody's Rates $26.5MM 2019A/B Housing Bonds 'Ba2'
LOVESTER'S LLC: Seeks to Hire Speckman Law Firm as Legal Counsel
MARTIN MIDSTREAM: Moody's Cuts CFR to B3 & Unsec. Rating to Caa2

MIAMI LIMO: June 20 Plan Confirmation Hearing
MONITRONICS INTERNATONAL: Obtains Forbearance Extension Until May 8
MORAVIAN MANORS: Fitch Rates 2019A & 2019B Healthcare Bonds 'BB+'
MR. STEVEN: New Plan Adds Information on Settlement with SBN
MUNCHERY INC: $5M Sale of South San Francisco Property Approved

NATIONAL CAMPUS: S&P Affirms 'CCC' 2015AB Debt Rating; Outlook Neg.
NEOVASC INC: Will Release Q1 Financial Results on May 9
NORTHBELT LLC: Unsecured Creditors to be Paid 100% Over 48 Months
NOVABAY PHARMACEUTICALS: Two Directors Quit from Board
NOVAN INC: Secures Up to $35 Million in Non-Dilutive Funding

OMNIA PARTNERS: Moody's Affirms B3 CFR on Unit Amid Dividend Recap
PENGROWTH ENERGY: Will Release Its Q1 Results on May 8
PERNIX SLEEP: June 20 Plan, Disclosure Statement Hearing
PETSMART INC: S&P Alters Outlook to Dev. on Chewy Inc. S-1 Filing
PHUNWARE INC: Files Amended Form S-1 Registration Statement

PINE FOREST: Unsecured Creditors to Get $200 Per Month for 5 Years
PRADHAN AND COMPANY: Seeks to Hire ComPro as Appraiser
PREFERRED CARE: PI Claimants Object to Disclosure Statement
PRESSURE BIOSCIENCES: Reveals Succession Plan as CEO's Exit Nears
PRINCETON ALTERNATIVE: May 23 Hearing on Disclosure Statement

QUOTIENT LIMITED: Gets European CE Mark for Initial IH Microarray
REALTEX CONSTRUCTION: Unsecureds to Get 10-50% Under New Plan
REDIGI INC: Capitol Records Objects to Disclosure Statement
RIOT BLOCKCHAIN: Amends Prospectus for $100M Securities Offering
RIOT BLOCKCHAIN: S-3 Registration Statement Declared Effective

ROSEGARDEN HEALTH: Trustee Taps Senior Living Investment as Broker
ROSEGARDEN HEALTH: Trustee's Sale/Disposal of Vehicles Approved
SAMSON OIL: Files ASX Quarterly Report for Period Ended March 31
SAMSON OIL: Will Seek ASX Approval to Resume Trading
SAN JUAN ICE: June 5 Plan and Disclosure Statement Hearing Set

SOUTHEASTERN GROCERS: May 30 Plan Hearing on Warehouse Plan
SPECIALTY RETAIL: Committee Objects to Disclosure Statement
SPN INVESTMENTS: $196K Sale of All Assets to Summit Approved
STONEGATE LANDING: $125K Sale of North Dighton Property Approved
STONEMOR PARTNERS: Axar Capital Has 20.3% Stake as of April 30

STONEMOR PARTNERS: Hellman Has 12.4% Stake as of April 30
STONEMOR PARTNERS: Signs First Amendment to Merger Agreement
SUNGARD AVAILABILITY: S&P Rates $100MM DIP Term Loan 'BB-'
TARA RETAIL: Comm2013 Finds Additional Deficiencies in Plan Outline
THEA BOWMAN, IN: S&P Alters Outlook to Stable on Weakened Finances

THINK FINANCE: June 19 Disclosure Statement Hearing
TOTAL FINANCE: June 12 Plan Confirmation Hearing
TRANSUNION LLC: Moody's Alters Outlook on Ba2 CFR to Stable
TRIPLE POINT: S&P Puts 'CCC' ICR on Watch Pos. on Three-Way Merger
UNITED INTERNATIONAL: Files New Plan to Address Court's Concerns

US 1 ASSOCIATES: Fairfield Maintenance Objects to Plan Disclosures
VALERITAS HOLDINGS: Expects First Quarter Revenue of $6.4 Million
VANGUARD NATURAL: Seeks to Hire Blank Rome as Co-Counsel
VANGUARD NATURAL: Seeks to Hire Kirkland & Ellis as Legal Counsel
VANGUARD NATURAL: Seeks to Hire McCarn & Weir as Special Counsel

VANGUARD NATURAL: Seeks to Hire Opportune as Restructuring Advisor
VANGUARD NATURAL: Seeks to Hire Roger A. Soape as Consultant
WALDEMAR OGLOZA: $355K Sale of Fox River Grove Property Approved
WALL STREET SYSTEMS: S&P Places 'B' ICR on Watch Neg. on Merger
WJA ASSET: June 27 Confirmation Hearing on PMB Liquidation Plan

XTAL INC: U.S. Trustee Objects to Disclosure Statement

                            *********

342 58 STREET: Disclosures OK'd; Plan Hearing Set for June 19
-------------------------------------------------------------
Bankruptcy Judge Robert D. Drain issued an order approving 342 58
Street Re LLC's disclosure statement in support of its chapter 11
plan.

June 11, 2019 at 5:00 p.m. (EST) is fixed as the last day for
submitting written acceptances or rejections to the Plan, and the
last day for filing and serving written objections to confirmation
of the Plan.

June 19, 2019, at 10:00 a.m. (EST) is fixed for the hearing on
confirmation of the Plan before the Honorable Robert D. Drain, 300
Quarropas Street, White Plains, NY 10601−5008.

The Troubled Company Reporter previously reported that interest
holders will contribute $550,000 to fund the Plan.

A redlined version of the Second Amended Disclosure Statement dated
April 4, 2019, is available at http://tinyurl.com/yyoxzh2jfrom  
PacerMonitor.com at no charge.

               About 342 58 Street Re

342 58 Street Re LLC is a privately held company in Boca Raton,
Florida engaged in activities related to real estate.

342 58 Street Re LLC  filed a voluntary petition under Chapter 11
of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 18-23651) on
October 24, 2018.  In the petition signed by David Goldwasser,
authorized signatory of GC Realty Advisors, workout manager, the
Debtor estimated $100,000 to $500,000 in assets and $1 million to
$10 million in liabilities.

Judge Robert D. Drain is assigned to the case.

Backenroth Frankel & Krinsky, LLP, led by Mark A. Frankel,
represents the Debtor.


550 SEABREEZE: Files Chapter 11 Plan of Liquidation
---------------------------------------------------
550 Seabreeze Development, LLC filed with the U.S. Bankruptcy Court
for the Southern District of Florida a disclosure statement for its
chapter 11 plan of liquidation dated April 23, 2019.

On March 4, 2019, the Bankruptcy Court entered an Order Granting
Motion to Approve Settlement and Compromise with Senior Secured
Lender and Certain other Creditors and Parties in Interest, and for
Related Relief, Including the Dismissal of the Marshaling Lawsuit,
which approved a global settlement agreement by and among the
Debtor, the Las Olas Group, the DIP Lender, the Individual
Guarantors, the PrePetition Lender (OHL), the EB-5 Lender and UFI.
The salient terms of the Global Settlement Agreement are as
follows:

   * Debtor's Payment to OHL. Within 3 business days following the
Settlement Effective Date, the Debtor will pay OHL from the
Remaining Sale Proceeds the total sum of $4,469,452.61.

   * Payment to UFI. Within 3 business days of the later of receipt
of the Debtor's OHL Payment and Settlement Effective Date, OHL
shall pay to UFI the sum of $225,000.

   * Payment to the EB-5 Lender. Within 3 business days of the
later of receipt of the Debtor's OHL Payment and Settlement
Effective Date, OHL shall pay to the EB-5 Lender the sum of
$250,000

   * Dismissal of Marshaling Lawsuit: Upon receipt of the UFI
Payment and the EB-5 Payment, the Marshaling Lawsuit will be
dismissed with prejudice.

   * Treatment of the UFI Claim: Upon payment of the UFI Payment,
the balance of the UFI Claim shall be deemed subordinated in
priority to the holders of all allowed general unsecured claims in
the Bankruptcy Case.

   * Treatment of the EB-5 Lender Claims: Upon payment of the EB-5
Lender Payment, the EB-5 Lender Claims will be allowed and treated
as unsecured claims, with (i) an amount equal to $2,000,000 being
allowed as a non-subordinated general unsecured claim pari passu
with all other non-subordinated general unsecured claims, and (ii)
an amount equal to $28,000,000 being allowed and treated as a
subordinated unsecured claim that is deemed subordinated in
priority to all allowed general unsecured claims in the Bankruptcy
Case.

   * Treatment of Insurance Claim/Waterfall: OHL will retain its
lien on the Insurance Claim and agrees that upon any recovery in
respect of such Insurance Claim that the proceeds thereof will be
paid and distributed as follows: First, in satisfaction of the fees
and costs incurred by counsel employed by the Debtor in connection
with prosecuting the Insurance Claim; Second, to the DIP Lender to
the extent of the DIP Lender Claim; Third, for the benefit of any
unpaid allowed administrative expense claims of the Bankruptcy
Case; and Fourth, for thebenefit of allowed claims of general
unsecured creditors in the Bankruptcy Case.

   * Carveout and Treatment of Remaining OHL Claim and DIP Lender
Claim: Following the Debtor's OHL Payment, the balance of the
Remaining Sale Proceeds shall remain subject to OHL's secured
claim. OHL and the DIP Lender each agree that the Carveout will be
used to first to satisfy all allowed chapter 11 administrative
expense claims in the Bankruptcy Case (excluding the DIP Lender
Claim); and thereafter will be distributed to and for the benefit
of the holders of all allowed general unsecured claims in the
Bankruptcy Case.

Allowed Unsecured Claims in Class 4 will be satisfied by
Distributions to the holder of each such Allowed Unsecured Claim on
a pro rata basis with the holders of all Allowed Unsecured Claims
in this Class 4. The Distributions to the holders of Allowed
Unsecured Claims hereunder will be made on each Distribution Date
and shall be made from the Available Cash, the Las Olas Group
Contribution, the net proceeds of the Insurance Claims, and the net
proceeds of the Litigation Claims, as applicable in accordance with
the terms of this Plan. No Distribution will be made to Holders of
Allowed Unsecured Claims in this Class 4 unless and until all
Allowed Administrative Claims, the DIP Lender Claim, the Las Olas
Group Contribution Claim, all Allowed Post-Confirmation
Administrative Claims, all Allowed Priority Tax Claims and all
Allowed Claims in Classes 1, 2 and 3 have been paid in full,
reserved or otherwise resolved, and/or included in or accounted for
in the Distribution at issue. The Debtor estimates that the
aggregate Allowed Class 4 Unsecured Claims will total approximately
$8.6 million. However, Unsecured Claims remain subject to
objections to be filed by the Debtor or the Liquidating Debtor, as
the case may be, by the deadline to be set by the Bankruptcy
Court.

The Plan will be funded with the Available Cash on deposit in the
Debtor's bank accounts (including the trust account of Debtor's
counsel) on the Effective Date, the Las Olas Group Contribution,
and funds generated by the Liquidating Debtor's liquidation of the
Litigation Claims and Insurance Claims following the Effective
Date, and such other assets as may be recovered by the Liquidating
Debtor under the Plan.

A copy of the Disclosure Statement dated April 23, 2019 is
available at https://tinyurl.com/y4u7er7o from Pacermonitor.com at
no charge.

             About 550 Seabreeze Development

550 Seabreeze Development LLC is a general contractor located in
Fort Lauderdale, Florida.  It is a single asset real estate (as
defined in 11 U.S.C. Section 101(51B)).  The company filed as a
Florida limited liability in Florida in September 2003.

550 Seabreeze Development sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-12193) on Feb. 26,
2018.  In its petition signed by Kenneth Bernstein, authorized
representative, the Debtor estimated assets and liabilities of $10
million to $50 million.  Judge Raymond B. Ray presides over the
case. Genovese Joblove & Battista, P.A., is the Debtor's legal
counsel.  No official committee of unsecured creditors has been
appointed in the Debtor's case.


ADETONA LLC: June 5 Plan Confirmation Hearing
---------------------------------------------
The amended disclosure statement explaining the Chapter 11 Plan
filed by Adetona, LLC, is approved.

June 5, 2019 at 9:30 a.m.is fixed for the hearing on confirmation
of the plan. The hearing on the plan confirmation will be held at
U.S. Bankruptcy Court, 3rd Floor, Courtroom #1, Old Post Office
Building, 615 E. Houston Street, San Antonio, Texas 78205.

May 31, 2019 is fixed and the last day for filling written
acceptances or rejections of the Plan.

May 31, 2019 is fixed as the last day for filing and serving
written objections to confirmation of the Plan.

Class 9 - General Unsecured Claims are impaired and will be paid a
monthly payment of $500.00 to begin 30 days from the effective date
of the plan and continue until such claims are fully paid. The
monthly payment to unsecured creditors shall increase by amounts
equal to the monthly class 7 and 8 claims payment once they are
paid the extend needed.

The plan is based upon the distribution to the creditors by the
Debtor, at its option, by means of one or more of the following:
(a) cash presently held by the Debtor and cash to be acquired
through the operation of its business; (b) collection of accounts
receivables (including past due rent of approx $150,000.00); (c)
the sale of Debtor's Assets; (d) loans; and (e) contributions by
Dr. Olutola Adetona and Dr. Omolola Adetona.

A full-text copy of the Amended Disclosure Statement dated April
22, 2019, is available at https://tinyurl.com/y5egpgqb from
PacerMonitor.com at no charge.

                      About Adetona, LLC

Adetona, LLC filed as a Single Asset Real Estate Debtor (as defined
in 11 U.S.C. Section 101(51B)).

Based in San Antonio, Texas, Adetona, LLC, filed a petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex.
Case No. 18-52099) on September 3, 2018.  The petition was signed
by Olutola Adetona, managing member.

The case is assigned to Judge Ronald B. King.  Martin Warren
Seidler, Esq. at the Law Offices of Martin Seidler represents the
Debtor as counsel.

At the time of filing, the Debtor estimates $2,500,110 in assets
and $2,745,813 in liabilities.


ALL CARE CONSULTANTS: Seeks to Hire Sue Lasky as Legal Counsel
--------------------------------------------------------------
All Care Consultants, Inc. received interim approval from the U.S.
Bankruptcy Court for the Southern District of Florida to employ Sue
Lasky, PA as its legal counsel.

The services to be provided by the firm include:

     (a) advising the Debtor of its powers and duties in the
continued management of its financial affairs;

     (b) advising the Debtor of its responsibilities in complying
with the U.S. Trustee's Operating Guidelines and Reporting
Requirements and with the rules of the court; and

     (c) representing the Debtor in negotiation with its creditors
in the preparation of a plan.

Susan Lasky, Esq., has agreed to provide services at the reduced
rate of $400 per hour.

Prior to the Debtor's bankruptcy filing, the firm received $2,500
for pre-bankruptcy schedule preparation and $1,717 for the filing
fee.  

Ms. Lasky attests that her firm is disinterested as required by
Section 327(a) of the Bankruptcy Code.

The firm can be reached at:

     Susan D. Lasky, Esq.
     Sue Lasky, PA
     320 SE 18 Street
     Fort Lauderdale, FL 33316
     Phone: (954) 400-7474
     Fax : (954) 206-0628
     Email: ECF@suelasky.com

                          About  All Care Consultants, Inc.

Based in Boca Raton, Florida, All Care Consultants, Inc. filed a
voluntary Chapter 11 petition (Bankr. S.D. Fla. Case no. 19-15309)
on April 24, 2019, listing under $1 million in both assets and
liability.  Judge Erik P. Kimball presides over the case.  Susan D.
Lasky, Esq., at Sue Lasky, PA, represents the Debtor as counsel.   



ANVIL INT'L: Moody's Gives B2 CFR & Rates $690MM 1st Lien Loan B2
-----------------------------------------------------------------
Moody's Investors Service has assigned initial ratings to Anvil
International, LLC (New), including a Corporate Family Rating of B2
and Probability of Default Rating of B2-PD. Concurrently, Moody's
assigned a B2 rating to the company's proposed $690 million first
lien senior secured term loan and Caa1 rating to its $150 million
second lien senior secured term loan. The outlook is stable.

Proceeds from the proposed debt facilities together with an equity
contribution from the company's new private equity sponsor Tailwind
Capital Group, LLC, and rolled over Smith Cooper International,
Inc. equity will fund the proposed acquisition of Anvil by
Tailwind. Concurrent with the acquisition of Anvil, Anvil will be
combined with SCI, an existing portfolio company of Tailwind.
Existing ratings of Anvil International, LLC including its B2 CFR
will be withdrawn once debt is repaid at closing.

The following rating actions were taken:

Assignments:

Issuer: Anvil International, LLC (New)

  Probability of Default Rating, Assigned B2-PD

  Corporate Family Rating, Assigned B2

  Senior Secured 1st Lien Bank Credit Facility, Assigned B2 (LGD3)

  Senior Secured 2nd Lien Bank Credit Facility, Assigned Caa1
  (LGD5)

Outlook Actions:

Issuer: Anvil International, LLC (New)

  Outlook, Assigned Stable

RATINGS RATIONALE

The combination with Smith Cooper International will increase
Anvil's pro forma revenue base by 60% to approximately $730
million. The company will benefit from increased product breadth
that largely complements its existing portfolio. Product offerings
will be enhanced ranging from grooved products, iron fittings and
hangers to valves, nipples and high pressure fittings. The combined
Anvil/SCI entity will further penetrate the fire protection and
mechanical/HVAC to industrial and energy end-markets. Positively,
both Anvil and SCI command brand strength as reflected in healthy
EBITDA margins. The combination will also meaningfully change
Anvil's business profile by adding SCI's strength in global supply
chain management to its position as a domestic manufacturer of
fittings and hangers.

Of note, both Anvil and SCI have been able to increase
profitability and pass through price increases despite tariff
headwinds. The combination is also expected to result in an
enhanced distribution network. Synergies are expected to be largely
cost-related.

At the same time, credit challenges include integration of
back-office systems including ERP systems on a common platform.
Anvil and SCI have each grown through bolt-on acquisitions and
Moody's anticipates that the company's growth strategy will
continue to combine organic growth with bolt-on acquisitions. In
addition, the combination of Anvil with SCI will increase its
exposure to the more cyclical energy end-market. Also, while the
majority of SCI's products are sourced from abroad, the company has
been able to offset any cost pressures through prices and increased
cost efficiencies.

Anvil's B2 CFR reflects its growing but still relatively modest
revenue base (pro forma annual revenues approximate $730 million)
and high leverage with 2018 financial leverage reaching 5.7x
(including expected synergies and Moody's standard lease
adjustments) pro forma for the proposed leveraged buy-out by
Tailwind and combination with SCI. Favorably, Anvil benefits from
healthy free cash flow generation through economic cycles, brand
strength reflected in EBITDA margins well exceeding 10% with
expectation of further improvement, well-established long-term
customer relationships, along with product breadth and
pricing/operational leverage. Moody's expects that financial
leverage will improve to 5.0x by the end of 2020 as excess cash
generation is used to reduce debt, benefitting from favorable
end-market fundamentals. The company has a track record of being
able to extract SG&A and operational-related synergies as it
integrates acquisitions that capitalize on its infrastructure,
supply chain, brand strength and customer relationships.

Anvil's good liquidity profile is characterized by expected healthy
free cash flow generation, balance sheet cash and availability
under a five-year $100 million asset based revolving credit
facility. Moody's anticipates that, consistent with recent
performance, Anvil should continue to generate healthy free cash
flow. As such, the committed amount of the asset based revolving
credit facility, expected to be unfunded at closing, should remain
largely available over the near-term. The proposed refinancing
increases the company's operational flexibility by not containing
any financial ratio maintenance covenants. However a springing cash
dominion provision does apply to the company's asset-based
revolver.

The stable outlook is based on Moody's expectation that Anvil will
continue to improve financial leverage with the company
de-leveraging to the 5.0x range in the next twelve to eighteen
months while maintaining healthy EBITDA margins and the sustainment
of a good liquidity profile.

Moody's could lower the ratings if the company experiences
integration challenges, revenues come under pressure and/or
adjusted leverage remains above 5.5x or if free cash flow to
adjusted debt falls below 5%.

An upgrade would be considered if the company achieves greater
revenue scale through consistent organic revenue and earnings
growth with financial leverage sustained below 3.5 times, free cash
flow to debt improving to the high single digits and operating
margins sustained above 10%, respectively.

Anvil International, based in Exeter, New Hampshire, manufactures
and sources a broad range of products, including a variety of
fittings, couplings, hangers, valves and related products for use
in nonresidential construction (including HVAC and fire protection
applications), industrial, power and oil & gas end markets. The
company is a carve-out from Mueller Water Products and is now owned
by private equity sponsor One Equity Partners. Pro forma for the
proposed Tailwind/SCI transaction, revenues approximate $730
million. The company will be acquired by Tailwind Capital Group,
LLC in a leveraged transaction.


ATLANTIC RECYCLING: U.S. Trustee Objects to Disclosure Statement
----------------------------------------------------------------
The Acting United States Trustee objects to the adequacy of the
Disclosure Statement explaining the Chapter 11 Plan of Atlantic
Recycling Group, LLC.

The U.S. Trustee complains that the Debtor has not filed any
monthly operating reports since the inception of the case.

The U.S. Trustee points out that the Disclosure Statement provides
that the Debtor will pay Eugene D. Roth, Esq.$35,000 to $40,000 on
the Effective Date, however, the Plan indicates Mr. Roth will
receive $20,000 to $30,000.

The U.S. Trustee further points out that the Disclosure Statement
identifies Ally Financial as a secured creditor owed $41,787.15 to
be paid in accordance with the terms of the agreement, however, no
terms are described in the plan.

According to  U.S. Trustee, the Debtor's plan payments total
$23,164.76 per month. Again,  the U.S. Trustee asserts because the
Debtor has not filed monthly operating reports, the U.S. Trustee is
unable to determine if adequate disclosure has been made regarding
feasibility.

            About Atlantic Recycling Group

Atlantic Recycling Group, LLC filed a Chapter 11 bankruptcy
petition (Bankr. D.N.J. Case No. 18-34559) on Dec. 14, 2018,
listing under $1 million in both assets and liabilities. The Debtor
hired the Law Office of Eugene D. Roth as its legal counsel.


AVANTOR INC: S&P Places 'B' ICR on Watch Positive on Planned IPO
----------------------------------------------------------------
S&P Global Ratings placed all of its ratings, including its 'B'
issuer credit rating, on U.S.-based global manufacturer and
distributor of products, services, and solutions Avantor Inc. on
CreditWatch with positive implications.

Avantor intends to raise equity via an IPO over the next several
weeks. The company plans to raise net proceeds of $2.889 billion,
which could be increased to $3.323 billion, if the greenshoe is
exercised. The company will use the proceeds to redeem the
preferred shares and repay debt. The junior preferred shares would
convert to common equity. With the debt repayment, S&P believes
leverage could decline below 7x by the end of 2019.

The CreditWatch placement reflects S&P's expectation that Avantor's
adjusted leverage could improve to less than 7x by the end of 2019
and financial policy will become less aggressive following the IPO.
It expects the company's sponsor, New Mountain Capital, will own
less than 40% of the company. S&P expects Avantor to use the
proceeds to redeem all the senior preferred stock, which the rating
agency treats as debt-like, and to repay a portion of the company's
outstanding $2.9 billion term loans. Additionally, the junior
preferred stock, which S&P treats as debt-like, would convert to
common stock.

"We plan to resolve the CreditWatch after the IPO and debt
repayment, expected in the next 90 days. We could raise the rating
if we believe adjusted leverage will decline comfortably below 7x
and remain in that area. We expect that an upgrade after the IPO
would only be by one notch," S&P said.


BALL CORP: Fitch Affirms & Then Withdraws BB+ Issuer Default Rating
-------------------------------------------------------------------
Fitch Ratings has affirmed with a Stable Outlook and withdrawn the
ratings for Ball Corporation, including the company's Long-Term
Issuer Default Rating, at 'BB+'.

Fitch is withdrawing Ball's ratings for commercial reasons.

The rating reflects Ball's globally leading market position in
beverage can packaging, which Fitch views as one the most favorable
packaging subsectors. Fitch believes Ball's broad geographic
exposure, high-growth diversifying aerospace business, continued
focus on innovation and cans continuing to win share from less
environmentally-friendly substrates presents growth opportunities.
Ball's top-line growth, stable EBITDA margins and solid consistent
FCF generation offset Fitch's expectation that Ball's decision to
allocate approximately $3 billion to share repurchases over the
next three years will result in total debt/EBITDA remaining around
4.0x.

KEY RATING DRIVERS

Geographically Diversified Market Leader: Ball has a globally
leading industry position in beverage can packaging with around 30%
market share. The beverage can segment accounts for approximately
80% of Ball's sales with an overall portfolio specialty mix of 43%,
which are typically higher margin products and support sticky
customer relationships. 50% of sales are generated outside the U.S.
which provides significant growth opportunities by increasing
exposure to faster growing less developed markets although also
adds some risk. Ball's broad geographic diversification of sales
helps smooth the effect of political or economic risk in any
specific geography negatively impacting sales.

Favorable Packaging Subsector: Ball generates a sizable majority of
its sales from beverage cans which Fitch views as the most
attractive packaging subsector compared with plastic and glass.
Beverage cans are the most recycled beverage container globally in
an increasingly environmental and sustainability focused world. The
global beverage can market continues to grow at low single-digit
volumes and win share from less environmentally-friendly packaging
substrates. Fitch believes Ball's continued focus on innovation,
new product expansion, exposure to higher growth geographies, and
sustainability-focused customers' shifting preference for cans will
continue to provide support for volume growth.

High-Growth Aerospace Business: Ball's growing aerospace business
segment, which accounted for 10% of net sales in 2018, adds
diversification to Ball's overall product mix. The aerospace
segment has performed well, achieving double-digit sales growth
over the last two years. As of Dec. 31, 2018, the contracted
backlog was $2.2 billion, up 26% from 2017. In addition, contracts
already won, but not yet booked into the current backlog are $4.9
billion. Fitch views Ball's decision to increase the aerospace
employee base by approximately 16% in 2019, initial facility
expansions in 4Q 2018, anticipated increased capital spending and
the expanding contracted backlog as indicative of continued solid
revenue growth.

Network Optimization Strategy: Ball has focused on rationalizing
its standard 12 oz. beverage container capacity and strategically
expanding specialty production in order to meet evolving customer
demand. This aligns with Ball's goal to drive its overall specialty
mix to 50% from around 43% currently. Ball's continuous focus on
optimizing its footprint and reducing G&A costs provides support
for resilient margins and the potential for further upside.

Portfolio Restructuring: In June 2018, Ball divested its U.S. steel
food and aerosol business into a 49% owned JV and realized
approximately $600 million in cash proceeds. The steel food and
aerosol business was Ball's lowest margin operating segment and the
sale provides flexibility to pursue share repurchases while
retaining 49% ownership. In Dec. 2018, Ball announced an agreement
to sell its metal packaging business in the highly competitive
China market for approximately $225 million plus an additional
consideration related to the relocation of an existing facility in
China over the next few years. The transaction is expected to close
in the second half of 2019.

Leverage Target Reached: Ball reduced debt (excluding A/R
factoring) by approximately $800 million from 2016, following its
$6.1 billion acquisition of Rexam. According to management, Ball
reached its net leverage target of 3.0x-3.5x in Q3 2018 and now
intends to allocate substantially all FCF to shareholders. This
supports Fitch's view that further debt reduction is unlikely in
the near-term. Fitch forecasts Ball's total debt/EBITDA will remain
around 4.0x, commensurate with the rating category.

Large Share Repurchase Program: Fitch expects management to make
returning cash to shareholders its highest capital allocation
priority as Ball has now reached its leverage target. Ball's goal
is to repurchase approximately 18% of its outstanding shares by
2021. On Jan. 23, 2019, the board of directors approved the
repurchase of up to 50 million shares, which replaces all previous
authorizations. Ball repurchased $711 million in shares in 2018 and
plans to repurchase an additional $1 billion in each of 2019, 2020
and 2021. Fitch views Ball's consistent growth and robust FCF
generation as providing financial flexibility to pursue its sizable
share repurchase program.

Growing Utilization of Factoring Programs: Average receivables sold
under receivables factoring programs in 2018 were $915 million
compared with $602 million in 2017, representing an approximately
50% increase. Fitch treats the use of A/R factoring as debt, which
results in YE 2018 Fitch-adjusted total debt/EBITDA (including
factoring) of 4.3x compared with total debt/EBITDA of 3.7x
excluding the use receivables factoring. The A/R factoring programs
as of Dec. 31, 2018, if fully drawn, would add $1.2 billion in debt
and approximately 0.7x of leverage on a total debt/EBITDA basis.
Fitch expects Ball to continue to use A/R factoring as an effective
low-cost approach to manage working capital needs.

DERIVATION SUMMARY

Ball is among the largest global beverage packaging companies
globally and similar in size in terms of EBITDA compared with Crown
Holdings, Inc. Ball has similar margins compared with Crown,
although Ball has the market leading beverage can position compared
with Crown's number two position. Ball also produces a higher
proportion of more specialized products and is forecast to have
slightly lower leverage following Crown's acquisition of Signode.
Ball has similar leverage on a total debt/EBITDA basis compared
with Sealed Air Corp. although Ball is more than double the size of
Sealed Air. Ball has higher margins, favorable leverage metrics and
is substantially larger than Silgan Holdings Inc.

KEY ASSUMPTIONS

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

  - Sales growth of roughly 4%;

  - EBITDA margins sustained around 16% reflective of Ball's
    demonstrated ability to pass through raw material costs,
    its specialty mix strategy and G&A cost reduction efforts;

  - Capex averaging $650 million;

  - $1 billion in share repurchases in each of 2019, 2020
    and 2021;

  - All FCF allocated toward repurchases with no acquisitions
    and no further debt reduction through the forecast period.

RATING SENSITIVITIES

Rating sensitivities are no longer applicable given the rating
withdrawls.

LIQUIDITY

Solid Liquidity: As of Mar. 31, 2019 Ball had $603 million in cash
and cash equivalents and approximately $1.45 billion available
under its $1.75 billion revolving credit facility. Ball also uses
A/R factoring programs to manage working capital, which had
combined limits of approximately $1.2 billion as of Mar. 31, 2019.
Fitch forecasts Ball to generate FCF averaging $550 million through
the forecast period and expects Ball to allocate it toward funding
approximately $3 billion of share repurchases.

FULL LIST OF RATING ACTIONS

Fitch has affirmed and withdrawn the following ratings.

Ball Corporation

  - Long-Term IDR at 'BB+';

  - Senior secured revolver at 'BBB-'/'RR1';

  - Senior secured term loan at 'BBB-'/'RR1';

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


BCP RENAISSANCE: S&P Alters Outlook to Negative,  Affirms 'B+' ICR
------------------------------------------------------------------
S&P Global Ratings revised its outlook on BCP Renaissance Parent
LLC to negative from stable and affirmed its 'B+' issuer credit
rating on the company and its 'B+' issue-level rating on its
existing $1.25 billion senior secured term loan B-1 facility.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery rating to the company's new $65 million term loan B-2
facility due 2024 -- a new tranche of its existing senior secured
term loan B-1 facility. The '3' recovery rating indicates S&P's
expectation for meaningful recovery (50%-70%; rounded estimate:
50%) in the event of a payment default.

S&P's 'B+' issuer credit rating on BCP Renaissance Parent LLC (BCP)
reflects the differentiated credit quality between BCP and its
direct subsidiary ET Rover Pipeline LLC. While BCP owns a 32%
interest in Rover Pipeline, the company does not have other
substantive assets and relies on distributions from Rover to
service its term loan. Therefore, S&P's assessment of BCP's credit
profile incorporates Rover's cash flow stability as well as BCP's
financial ratios, its ability to influence Rover's financial
policy, and its ability to liquidate its investment in Rover to
repay the term loan. The rating agency currently forecasts that
BCP's EBITDA interest coverage ratio will be approximately in the
1.8x-2.0x range over the next two years, which caps its rating on
the company at 'B+'.

The negative outlook on BCP reflects S&P's expectation that the
company's debt to EBITDA will approach 9x in 2019 following the
issuance of its new $65 million senior secured term loan B-2
facility in addition to its existing $1.25 billion senior secured
term loan B-1. BCP will use the proceeds from the issuance for
general corporate purposes and to distribute cash to its financial
sponsor, the Blackstone Group.

"We could lower our ratings on BCP if its debt to EBITDA exceeds 9x
or its EBITDA interest coverage falls below 1.75x. In addition, we
could lower our ratings if distributions from Rover Pipeline to BCP
declined such that its liquidity became constrained," S&P said,
adding that this could occur due to operational issues at Rover or
the default of a major counterparty.

"We could revise our outlook on BCP to stable if we expected it to
maintain debt to EBITDA of less than 8.5x and interest coverage in
the 1.75x-2.00x range," S&P said.


BERRY GLOBAL: Moody's Rates $2.7BB Term Loan Ba2, Outlook Stable
----------------------------------------------------------------
Moody's Investors Service confirmed the Ba3 Corporate Family Rating
and Ba3-PD Probability of Default Rating of Berry Global Group Inc.
Moody's also confirmed all other existing instrument ratings of
Berry Global Inc. Moody's assigned a Ba2 rating to the proposed
$2.7 billion USD first lien term loan of Berry Global Inc., a Ba2
rating to the proposed Euro equivalent of $1.5 billion first lien
term loan of Berry Global Inc., a Ba2 rating to the proposed $2
billion USD first lien senior secured notes of Berry Global Inc.
and a B2 rating to the proposed $1 billion USD second lien senior
secured notes of Berry Global Inc. Moody's also affirmed the
Speculative Grade Liquidity Rating of SGL-2 of Berry Global Group
Inc. The outlook is stable. The proceeds will be used to acquire
RPC Group PLC (Baa3, Rating Under Review for Downgrade) in an all
debt financed transaction valued at approximately $6.5 billion,
which includes $4.4 billion for the purchase of RPC's equity,
transaction expenses of $0.3 billion and roughly $1.8 billion of
balance sheet debt (which will be refinanced as part of this
transaction). RPC shareholders will receive GBP7.93 in cash per
share. The board of directors of RPC has unanimously recommended
the offer by Berry, which was deemed superior to the offer
presented by the private equity firm Apollo. The proposed
transaction, which is subject to customary closing conditions, is
expected to close early in the third quarter of calendar year 2019.
This concludes the review for downgrade initiated on March 11,
2019.

The combined company will generate approximately $13 billion in
sales. Berry expects to achieve approximately $150 million of
annual cost synergies over two years. Approximately 50% of these
synergies are expected to come from procurement, 30% from general
and administrative expenses and 20% from operational improvements.
The acquisition will increase the number of Berry's facilities from
140 to 293, while also significantly increasing Berry's exposure in
EMEAI. Pro forma sales in that region are expected to account for
36% of pro forma sales versus 10% for Berry on a standalone basis.

Assignments:

Issuer: Berry Global Inc.

  Senior Secured Bank Credit Facility, Assigned Ba2 (LGD3)

  Senior Secured 2nd Lien Regular Bond/Debenture, Assigned B2
  (LGD5)

  Senior Secured 1st Lien Regular Bond/Debenture, Assigned Ba2
  (LGD3)

Outlook Actions:

Issuer: Berry Global Group Inc.

  Outlook, Changed To Stable From Rating Under Review

Issuer: Berry Global Inc.

  Outlook, Changed To Stable From Rating Under Review

Confirmations:

Issuer: Berry Global Group Inc.

  Probability of Default Rating, Confirmed at Ba3-PD

  Corporate Family Rating, Confirmed at Ba3

Issuer: Berry Global Inc.

  Senior Secured Bank Credit Facility, Confirmed at Ba2 (LGD3)

  Gtd Senior Secured Bank Credit Facility, Confirmed at Ba2 (LGD3)

  Senior Secured Regular Bond/Debenture, Confirmed at B2 (LGD5)

  Gtd Senior Secured Regular Bond/Debenture, Confirmed at B2
  (LGD5)

Affirmations:

Issuer: Berry Global Group Inc.

  Speculative Grade Liquidity Rating, Affirmed SGL-2

RATINGS RATIONALE

The confirmation of the Ba3 Corporate Family Rating reflects the
pro forma free cash flow, expected synergies and management's
pledge to direct all free cash flow to debt reduction until credit
metrics are restored to a level within the rating category.
Additionally, the acquisition increases Berry's scale and
purchasing power significantly as well as the company's exposure to
Europe. Despite pro forma leverage of over 5.5 times as of December
2018 Berry is expected to improve leverage to below 4.8 times
within 18 months after the acquisition. Free cash flow is expected
to benefit from the elimination of RPC's $114 million dividend,
reduction in capital spending due to the completion of growth
initiatives and, eventually, an elimination of one-time costs.
Expected synergies of $150 million are primarily purchasing and
SG&A and are easily achievable given the company's increased scale
and administrative overlap.

Strengths in Berry's credit profile include its considerable scale,
some concentration of sales in relatively more stable end markets
and good liquidity. The company's strengths also include a strong
competitive position in rigid plastic containers and a continued
focus on producing higher margin products and pruning lower margin
business.

Weaknesses in Berry's credit profile include some exposure to more
cyclical end markets, certain weaknesses in contract structures
with customers and aggressive financial policies including an
acquisition strategy. The rating also reflects the fragmented and
competitive industry structure.

The ratings could be upgraded if the company sustainably improves
credit metrics within the context of a stable operating and
competitive environment while maintaining good liquidity. An
upgrade would also be dependent upon less aggressive financial and
acquisition policies as well as success in integrating the recent
acquisition. Specifically, the ratings could be upgraded if funds
from operations to debt increases above 15.5%, debt to EBITDA
declines below 4.25 times, and/or EBITDA to interest expense rises
above 5.25 times.

The rating could be downgraded if there is deterioration in the
credit metrics, liquidity or the operating and competitive
environment. Additional debt financed acquisitions, excessive
acquisitions (regardless of financing) and/or a move to a more
aggressive financial profile could also prompt a downgrade.
Specifically, the ratings could be downgraded if funds from
operations to debt decreases below 13%, debt to EBITDA increases
above 4.8 times, and/or EBITDA to interest expense decreases below
4.25 times.

Berry's SGL-2 speculative grade liquidity reflects a good liquidity
profile characterized by good free cash flow, depending upon resin
prices, and good liquidity under the revolving credit facility.
Moody's expects good free cash flow generation over the next year.
The company's proposed upsized $850 million asset based revolver
expires May 2024 (not rated by Moody's) and is considered small for
Berry's size. Availability under the revolver is subject to
borrowing base limitations. The revolving line of credit allows up
to $130 million of letters of credit to be issued instead of
borrowings. The revolver has a fixed charge coverage covenant of
1.0 time which applies during any period when excess availability
under the facility falls below 10% of the lesser of the facility or
the borrowing base, but not less than $45 million. The term loan
facility contains a first lien secured leverage ratio covenant of
4.0 to 1.0 on a pro forma basis. The company is expected to
maintain adequate cushion under the financial covenants over the
next four quarters. The facility also has a $250 million accordion.
Working capital needs peak in the calendar first and the second
quarter, but are dependent upon resin prices and contractual cost
pass-through provisions. Term loan amortization is 1.0% annually in
quarterly installments. The next debt maturity is the $800 million
term loan T in February 2020. The secured debt is secured by the
domestic assets only leaving Berry's some alternate sources of
liquidity from asset sales.

Based in Evansville, Indiana, Berry Global Group is a manufacturer
of plastic packaging products, serving customers in the food and
beverage, healthcare, household chemicals, personal care, home
improvement, and other industries. Pro forma for the acquisition,
Berry has 120 manufacturing distribution centers in North America,
138 in EMEA, 24 in APAC and 11 in South America. Pro forma for the
acquisition, 57% of sales comes from North American and 36% of
sales comes from Europe. Polypropylene and polyethylene account for
the majority of plastic resin purchases. Net sales for the twelve
months ended December 31, 2018 totaled approximately $8 billion.
Pro forma net sales are expected to be approximately $13 billion.


CITYVIEW PUBLISHING: May 28 Plan Confirmation Hearing
-----------------------------------------------------
The Bankruptcy Court has issued an order conditionally approving
the disclosure statement explaining the Chapter 11 plan filed by
CityView Publishing, LLC, and set the hearing for confirmation of
the Plan will be held on May 28, 2019 at 11:00 AM.  The last day to
oppose disclosure statement and object to confirmation is May 21.
Ballots are due by May 21.

Claims of Class 7 Unsecured Creditors. Class 7 consists of the
claims of unsecured creditors. These claims will be paid the sum of
$6,000 to the unsecured creditor class in full satisfaction of the
claims against the Debtor. The payments shall total $1.500
semi-annually, and the first of the four payments shall be made
December 1, 2019, The final payment shall be made June 1, 2021.

To the extent that such claims exist, they will be paid on the
effective date if funds are available. In the event that funds are
not available to pay the claims, the same shall be paid pro rata
over a period not to exceed five (5) years after the date of the
order for relief. The payments will be made in equal semi-annual
installments commencing August 1, 2019 and ending February 1,
2024.

A full-text copy of the Disclosure Statement dated April 18, 2019,
is available at https://tinyurl.com/yyg4ped8 from PacerMonitor.com
at no charge.

CityView Publishing, LLC, filed a voluntary Chapter 11 petition
(Bankr. E.D.N.C. Case No. 19-00586) on February 9, 2019, and is
represented by John G. Rhyne, Esq.


CONSOLIDATED INFRASTRUCTURE: May 13 Auction of All Assets Set
-------------------------------------------------------------
Judge Melvin S. Hoffman of the U.S. Bankruptcy Court for the
District of Delaware authorized the Consolidated Infrastructure
Group, Inc.'s bidding procedures in connection with the sale of
substantially all assets.

In accordance with the Bid Procedures, at any time before May 2,
2019, the Debtor may enter into a Stalking Horse APA, subject to
higher or otherwise better offers at the Auction, with any
Potential Bidder, to establish a Starting Bid at the Auction.  The
Stalking Horse APA may contain certain customary terms and
conditions, including expense reimbursement and/or a break-up fee
in favor of the Stalking Horse in amounts to be determined by the
Debtor, in consultation with the Consultation Party, but not to
exceed, in the aggregate, 3% of the proposed Purchase Price for the
Assets.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: May 9, 2019 at 5:00 p.m. (ET)

     b. Deadline to Designate Stalking Horse: May 2, 2019

     c. Deposit: 10% of Initial Bid

     d. Auction:  If the Debtor receives two or more Qualified
Bids, the Debtor will conduct the Auction. The Auction, if any,
will be held on May 13, 2019 at 10:00 a.m. (ET) at the offices of
the Debtor's counsel, Richards, Layton & Finger, P.A., One Rodney
Square, 920 North King Street, Wilmington, Delaware 19801.

     e. Bid Increments:

     f. Sale Hearing: May 23, 2019 at 10:00 a.m. (ET)

     g. Closing: May 30, 2019

     h. Sale Objection Deadline: May 17, 2019 at 4:00 p.m. (ET)

Within one day of the entry of the Bid Procedures Order, or as
reasonably practicable thereafter, the Debtor will file with the
Court and serve the Sale Notice on all the Sale Notice Parties.

The Assumption and Assignment Procedures, including the Assumption
and Assignment Notice, are approved.  Within one day after entry of
the Bid Procedures Order, or as reasonably practicable thereafter,
the Debtor will file with the Court and serve the Assumption and
Assignment Notice on each applicable Counterparty listed thereon.
The Assumption and Assignment Objection Deadline is May 8, 2019 at
4:00 p.m. (ET).  The Stalking Horse Adequate Assurance Objection
Deadline is May 17, 2019 at 4:00 p.m. (ET).  The Adequate
Assurance
Objection Deadline is May 21, 2019 at 12:00 p.m. (ET).

Notwithstanding the possible applicability of Bankruptcy Rule
6004(h), the Bid Procedures Order will take effect immediately upon
its entry.

A copy of the Bid Procedures attached to the Order is available for
free at:

  
http://bankrupt.com/misc/Consolidated_Infrastructure_151_Order.pdf

                About Consolidated Infrastructure

Created in 2016 and headquartered in Omaha, Nebraska, Consolidated
Infrastructure Group, Inc., provides underground utility and damage
prevention services to support others that do underground
construction and maintenance.  By providing detailed information on
what lies beneath the surface, CIG's damage prevention services
help protect communities from damage that could otherwise occur
when utilities, other companies, or individuals dig underground.

CIG sought Chapter 11 protection (Bankr. D. Del. Case No. 19-10165)
on Jan. 30, 2019.  The Hon. Brendan Linehan Shannon is the case
judge.

The Debtor disclosed $11.6 million in assets and $9 million in
liabilities as of Jan. 30, 2019.

Richards, Layton & Finger, P.A., is the Debtor's counsel.
Gavin/Solmonese LLC is the financial advisor and investment banker.
Omni Management Group is the claims and noticing agent.


CONTINENTAL WHOLESALE: June 21 Plan, Disclosures Hearing
--------------------------------------------------------
The combined hearing for the approval of the disclosure statement
and confirmation of the Chapter 11 Plan of Continental Wholesale is
scheduled for June 21, 2019 at 9:30 a.m. on Disclosure Statement
and Confirmation of Plan will be entered by the court.

Proposed Orders, if applicable, should be submitted within three
days after the date of the hearing.

                About Continental Wholesale

Continental Wholesale --
https://www.continentalwholesalediamonds.com -- is a wholesale
jewelry manufacturer that has previously sold exclusively to fine
jewelry stores across the country. Continental Wholesale Diamonds
now offers certified diamonds, engagement rings, wedding bands,
diamond stud and hoop earrings and gold and silver designer jewelry
at wholesale prices.

Continental Wholesale Diamonds LLC filed a Chapter 11 petition
(Bankr. M.D. Fla. Case No. 18-11002) on Dec. 24, 2018.  In the
petition signed by Andrew Meyer, authorized representative, the
Debtor estimated $1 million to $10 million in assets and $1 million
to $10 million in liabilities.  The case is assigned to Judge
Catherine Peek McEwen.  The Debtor is represented by James W.
Elliott, Esq. at McIntyre Thanasides BringGold.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


CORTLAND HABITATS: Plan and Disclosures Hearing Set for June 3
--------------------------------------------------------------
Bankruptcy Judge Alan S. Trust conditionally approved Cortland
Habitats, Inc. College Hill Realty, LLC, Campus Habitats, LLC, and
Committed 2 Cortland, LLC's second amended disclosure statement in
connection with its plan of reorganization dated April 17, 2019.

A combined hearing to consider final approval of the Disclosure
Statement and confirmation of the Plan will be held on June 3, 2019
at 12:00 p.m.

May 23, 2019, at 4:00 p.m., is fixed as the last day for filing
written acceptances or rejections of the Plan, or for filing and
serving written objections to the adequacy of the Disclosure
Statement and to confirmation of the Plan, and for submitting
ballots accepting or rejecting the plan.

The Troubled Company Reporter previously reported that under the
Second Amended Plan, the amount of Class IV Claims (General
Unsecured Claims) filed and/or scheduled is approximately
$1,181,261.  This amount is inclusive of the Deficiency Claim but
exclusive of certain claims in which the Operating Debtors seek to
have reduced or expunged.  The reduction of the claims as sought by
the Operating Debtors, would result in a distribution to unsecured
creditors of 8% and would not further enhance the distribution
amount.  To the contrary, if the Operating Debtors are required to
pay the claims which are identified as subject to objection, the
distribution would be approximately 5% to general unsecured
creditors if the Operating Debtors are unsuccessful in the claims
objection.

A full-text copy of the Second Amended Joint Disclosure Statement
dated April 17, 2019, is available at  https://tinyurl.com/y37ob8ee
from PacerMonitor.com at no charge.

                  About Cortland Habitats

Cortland Habitats Inc., College Hill Realty LLC, Campus Habitats
LLC and Committed 2 Cortland LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D.N.Y. Case Nos. 17-71523 to
17-71526) on March 15, 2017.  

On March 15, 2017, CEO Jeff D. Grodinsky, who holds a 100% interest
in Cortland Habitats, filed a Chapter 11 petition (Bankr. E.D.N.Y.
Case No. 17-71522).

The petitions were signed by Mr. Grodinsky.  The cases are assigned
to Judge Alan S. Trust.

At the time of the filing, Cortland Habitats and the three other
companies estimated their assets and liabilities at $1 million to
$10 million.

Counsel for the Debtors is The Law Offices of Kenneth A. Reynolds,
Esq., P.C., in Melville, New York.


CORVALLIS FEED: Seeks to Hire Patten Peterman as Legal Counsel
--------------------------------------------------------------
Corvallis Feed & Seed Inc. seeks authority from the U.S. Bankruptcy
Court for the District of Montana to employ Patten Peterman
Bekkedahl & Green, PLLC as its legal counsel

The firm will provide general counseling and local representation
before the bankruptcy court in connection with the Debtor's
bankruptcy case.

Patten Peterman will be paid at these hourly rates:

     James A. Patten            $350
     Molly S. Considine         $200
     Other Attorneys            $175 to $350
     Diane S. Kephart           $160
     April J. Boucher           $125
     Phyllis Dah                $125
     Leanne Beatty              $110
     Tiffany Bell               $110

Patten Peterman is holding the amount of $3,397.25 in trust on
behalf of the Debtor.  The firm will also be reimbursed for
work-related expenses incurred.

James Patten, Esq., a partner at Patten Peterman, assured the court
that his 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.

Patten Peterman can be reached at:

     James A. Patten, Esq.
     Patten Peterman Bekkedahl & Green, PLLC
     2817 2nd Avenue North, Suite 300
     Billings, MT 59103-1239
     Tel: (406) 252-8500
     Fax: (406) 294-9500
     Email: apatten@ppbglaw.com

                         About Corvallis Feed & Seed Inc.

Corvallis Feed & Seed Inc. owns and operates a farm store that
sells pet food and supplies, hardware, electric fencing materials,
livestock supplies, and lawn and garden supplies.  The company was
founded in 1940.

Based in Kalispell, Mont., Corvallis Feed & Seed filed a petition
under Chapter 11 of the Bankruptcy Code (Bankr. D. Mon. Case No.
19-60386) on April 26, 2019. In the petition signed by Timothy R.
Birk, president, the Debtor estimated $1,572,425 in assets and
$2,175,200 in liabilities.

James A. Patten, Esq. at Patten, Peterman, Bekkedahl & Green PLLC
represents the Debtor as counsel.    



CYTORI THERAPEUTICS: Oxford Agrees to Loan Agreement Amendment
--------------------------------------------------------------
Cytori Therapeutics, Inc., has entered into an amendment, effective
as of April 24, 2019, to its existing Loan and Security Agreement,
dated May 29, 2015, as amended, with Oxford Finance LLC, as
collateral agent, and the lenders, including Oxford, pursuant to
which, among other things, Oxford and the Lenders agreed to
interest only payments starting May 1, 2019, with amortization
payments resuming on May 1, 2020.  The Amendment also requires that
$1,650,000 of the net proceeds received by the Company from the
Lorem Transaction and $1,400,000 of the net proceeds received by
the Company from the Shirahama Transaction must be applied to
prepay the loan.  Additionally, the Amendment requires that the
Company pay an amendment fee of $600,000 at the earlier of the
prepayment, maturity or acceleration of the loan.

As previously disclosed, on March 30, 2019, the Company and its
subsidiary, Cytori Therapeutics, K.K., entered into an Asset and
Equity Purchase Agreement, dated as of March 29, 2019, with Lorem
Vascular Pte. Ltd., pursuant to which, among other things, Lorem
agreed to purchase the Company's UK subsidiary and the Company's
Cell Therapy assets, excluding such assets used for Japan or
relating to the Company's contract with the Biomedical Advanced
Research Development Authority.  On April 24, 2019, the Company
completed the Lorem Transaction.  The Lorem Transaction resulted in
$4,000,000 of cash proceeds to the Company, of which $1,650,000 was
used to pay down principal, interest and fees under the Oxford Loan
Agreement.

As previously disclosed, on April 19, 2019, the Company entered
into an Asset and Share Sale and Purchase Agreement, dated as of
April 19, 2019, with Seijiro Shirahama, pursuant to which, among
other things, Mr. Shirahama agreed to purchase the Company's
Japanese subsidiary,  Cytori Therapeutics, K.K., and substantially
all of the Company's Cell Therapy assets used in Japan.  Mr.
Shirahama served as the president of the Company's Cell Therapy
business in Japan, but he was not involved in negotiating the terms
of the Shirahama Purchase Agreement on behalf of the Company or the
Japan Subsidiary.  On April 25, 2019, the Company completed the
Shirahama Transaction.  The Shirahama Transaction resulted in
$3,000,000 of cash proceeds to the Company, of which $1,400,000
will be used to pay down principal, interest and fees under the
Oxford Loan Agreement.  The amount of consideration to be paid
under the Shirahama Purchase Agreement was determined by arms'
length negotiations between the Company and Shirahama.

                          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 $12.63 million for the year ended
Dec. 31, 2018 compared to a net loss of $22.68 million for the year
ended Dec. 31, 2018.  As of Dec. 31, 2018, the Company had $23.99
million in total assets, $18.76 million in total liabilities, and
$5.22 million in total stockholders' equity.

The Company has an accumulated deficit of $414.4 million as of Dec.
31, 2018.  Additionally, the Company used net cash of $12.0 million
to fund its operating activities for the twelve months ended Dec.
31, 2018.

BDO USA, LLP, in San Diego, California, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
March 29, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that Cytori has suffered
recurring losses from operations that raise substantial doubt about
its ability to continue as a going concern.


DELUXE ENTERTAINMENT: S&P Keeps 'B-' ICR on CreditWatch Negative
----------------------------------------------------------------
S&P Global Ratings kept its 'B-' issuer credit rating on U.S.-based
Deluxe Entertainment Services Group (DESG) and 'B-' issue-level
rating on its debt on CreditWatch with negative implications based
on its proposed refinancing.

DESG plans to spin off and sell a 50% stake in its Creative
Services business segment (DCS) in exchange for cash equity while
also raising a new capital structure at the spun off DCS entity.
DESG is expecting total cash proceeds from the transactions at DCS
to be about $500 million.  

As part of this transaction, DESG will use the cash proceeds from
the DCS spin off to repay $360 million of its existing $789 million
first-lien term loan (leaving $429 million outstanding at close)
and repay $59 million of its existing asset-based lending (ABL)
facility. The ABL will also be reduced to $60 million from $102.5
million, with $10 million drawn at close.  At the same time, DESG
will extend the maturities of the ABL facility and first-lien term
loan by two years to November 2021 and February 2022,
respectively.

"If the transaction closes as proposed, we expect to affirm our
'B-' issuer credit rating and assign a stable outlook. We also
expect to revise our liquidity score to adequate from weak to
reflect the improved liquidity position after the transaction," S&P
said.

S&P expects DESG's proposed transaction to lower adjusted leverage
materially. Currently, adjusted leverage is above 15x, but the
rating agency expects it to decline to 6.3x–6.5x in 2019. S&P
forecasts adjusted leverage to further decline to 3.8x–4.2x in
2020, primarily driven by MacAndrew & Forbes' (MAFCO) commitment to
prepay an additional $110 million of the first-lien term loan over
the next 18 months. It also expects leverage improvement to come
from lower one-time restructuring expenses and improved EBITDA
margins from cost-savings initiatives.

As part of the transaction, MAFCO is also providing DESG with a $70
million subordinated line of credit ($10 million drawn at close).
This will improve the company's liquidity, providing flexibility to
fund operating expenses over the next 12 months, including its
restructuring program, capital expenditures, and mandatory interest
expense and amortization payments.

The CreditWatch status reflects the risk surrounding a successful
completion of the spin-off process and debt reduction. The debt pay
down at DESG is conditional upon the successful spin off and
capitalization of DCS to receive the proceeds as expected.

"We would expect to affirm our 'B-' issuer credit rating on the
company and assign a stable outlook if DESG is able to close both
transactions as proposed. We will also revise our liquidity score
to adequate from weak," S&P said. "On the other hand, if DESG is
unable to successfully execute the spin off and pay down its
existing term loans, we could lower our ratings by up to two
notches as previously stated."


DSN INC: $160K Sale of Hancock County Property to Wright Approved
-----------------------------------------------------------------
Judge Thomas L. Perkins of the U.S. Bankruptcy Court for the
Central District of Illinois authorized DSN, Inc.'s sale of the
50.7 acres of the real estate known as: a tract of land lying in
the Southwest Quarter of Section 19, Township 4 North, Range 5
West, Hancock County, Illinois, to Thomas D. Wright, for a gross
price of $159,705 ($3,150/acre).

                         About DSN, Inc.

DSN, Inc., based in Plymouth, IL, filed a Chapter 11 petition
(Bankr. D. Ill. Case No. 19-80320) on March 19, 2019.  In the
petition signed by Dennis Hellyer, president/manager, the Debtor
estimated $1 million to $10 million in both assets and liabilities.
The Hon. Thomas L. Perkins oversees the case.  B. Kip Shelby,
Esq., at Rafool Bourne & Shelby, P.C., serves as bankruptcy counsel
to the Debtor


FLORA E. WEIMERSKIRCH: Selling Douglas County Property for $790K
----------------------------------------------------------------
Flora E. Weimerskirch asks the U.S. Bankruptcy Court for the
Eastern District of Washington to authorize the sale to Outback
Land Co., LLC for $789,826 of the real property situated in Douglas
County, Washington, legally described as follows:

     a. Parcel A: The Northwest Quarter of Section 35, Township 27
North, Range 27, East of the Willamette Meridian, Douglas County,
Washington, Except for Road, Apn:  27273520000;

     b. Parcel B: The Southwest Quarter of Section 2, Township 26
North, Range 27, East of the Willamette Meridian, Douglas County,
Washington, A Pn:  26270230000;

     c. Parcel C: The Southwest Quarter of Section 1, Township 26
North, Range 27, East of the Willamette Meridian, Douglas County,
Washington, Portion of Apn:  26270110000;

     d. Parcel D: The Southeast Quarter of Section 25, Township 27
North, Range 27, East of the Willamette Meridian, Douglas County,
Washington.  Except Sr 17, Conveyed to the State of Washington By
Deed Recorded Dec. 11, 1984 Under Auditor's File No. 228331, Apn:
27272540000;

     e. Parcel E: The North Half of the Northeast Quarter of
Section 25, Township 27 North, Range 27, East Of The Willamette
Meridian, Douglas County, Washington.  Except that Portion Along
the North Line thereof Conveyed to the State Of Washington For
Right Of Way By Instrument Recorded Dec. 4, 1961, under Auditor's
File No.134985 And Dec. 11, 1984 under Auditor's File No. 228332,
Apn:  27272510001;

     f. Parcel F: The Southwest Quarter of Section 15, Township 27
North, Range 27, East of the Willamette Meridian, Douglas County,
Washington.  Except the West 30 Feet and the South 30 Feet for
County Roads, Apn:  27271510003;

     g. Parcel G: All of Section 3, Township 26 North, Range 27,
East of the Willamette Meridian, Douglas County, Washington, Apn:
26270300000;

     h. Parcel H: The Southwest Quarter of Section 35, Township 27
North, Range 27, East of the Willamette Meridian, Douglas County,
Washington, Apn:  27273530000;

     i. Parcel I: The Northeast Quarter and The Northeast Quarter
of the Northwest Quarter And Government Lot 1 Of Section 31,
Township 27 North, Range 28, East Of The Willamette Meridian,
Douglas County, Washington.  Except that Portion Conveyed to the
State of Washington by Deed Recorded Dec. 11, 1984 under
Auditor’s File No. 228333, Apn:  27283110000;

     j. Parcel J: The South Half of the Northeast Quarter of
Section 25, Township 27 North, Range 27, East of the Willamette
Meridian, Douglas County, Washington.  Except Road Right of Way
Along the East Side of Said Property.  And Except that Portion
Lying Easterly Of A Line Described As Beginning At A Point Opposite
Highway Engineer's Station (Hereinafter Referred To As Hes) 695+00
On The Sr 17 Survey Line Of Sr 17, Sr2 Vicinity To Jct. Sr 172, And
50 Feet Westerly Therefrom; Thence Northerly To A Point Opposite
Hes 710+00 On Said Survey Line And 40 Feet Westerly Therefrom;
Thence Northerly Parallel With Said Survey Line, To A Point
Opposite Hes 716+00 Thereon; Thence Northwesterly To A Point
Opposite Hes 719+00 On Said Survey Line And 60 Feet Westerly
Therefrom; Thence Northerly To A Point Opposite Hes 722+44.85 A.P.
On Said Survey Line and 65 Feet Westerly Therefrom; Thence
Northeasterly to a Point Opposite Hes 725+00 On Said Survey Line
And 45 Feet Westerly Therefrom, And The End Of This Line
Description, Apn:  27272510002;

     k. Together with all water and water rights, if any, ditches,
appropriations, franchises, privileges, permits, licenses and
easements that are on, connected with, appurtenant to, or usually
had and enjoyed in connection with the described real property;  

     l. Together with such right, title and interest as the Seller
has or may have, or may be able to convey, with respect to rights
and services appurtenant to the described real property, including
but not limited to utility services and other services and
agreements directly benefiting the described property; and

     m. Subject rights reserved in federal patents or state deeds;
reservations, restrictions, land use and zoning laws; plat
dedications, restrictive and protective covenants, easements and
rights-of-way of record; and existing or future municipal, county,
state or other governmental or quasi-governmental taxes and
assessments.

The Debtor proposes to sell the Real Estate free and clear of any
and all claims, liens, or interests, including, but not limited to,
the Douglas County Treasurer, State of Washington, the Estate of
Eugene R. Weimerskirch, Holly Hinman, Pat Baker, AG Link, Inc. and
North Cascade's National Bank, and free and clear of any asserted
lease of Douglas County Fire District No. 5 that was terminated by
Eugene Weimerskirch on Dec. 1, 2016, for the purchase price of
$789,826 payable in cash at closing, subject to the exceptions in
the ALTA Commitment for Title Insurance issued by First American
Title Insurance Co. under file number 4441-3195730, and pursuant to
the terms of the Earnest Money Receipt and Agreement.

The Debtor further asks the Court for an Order authorizing the
following:

     a. the transfer and assignment of the CRP contracts described
in the Purchase and Sale Agreement, and the transfer and assignment
of the unrecorded lease with Gene McDonald Farms, Inc.;

     b. the disbursement of the proceeds of sale, in part, at
closing as follows: (i) the reasonable cost and expense at closing,
including the title insurance premium; (ii) any delinquent and
prorated real estate taxes and assessments due the Douglas County
Treasurer, State of Washington, until paid in full; (iii) the
secured claims of North Cascade’s National Bank and Holly Hinman,
until paid in full; and (iv) the remaining balance of the sale
proceeds to be payable to the Flora Weimerskirch Estate Account,
and mailed to Southwell & O’Rourke, P.S., 421 W. Riverside
Avenue, Spokane, WA  99201.

     c. the sale of the Real Property "as is, where is," and
"without any warranties of any kind."

     d. to execute a Trustee's Deed, Bill of Sale, grant of
easement, Tax Parcel Segregation Request, and/or other related
documents that are reasonably necessary or appropriate to complete
the Sale, and to undertake such other actions as may be necessary
or appropriate to complete the Sale.  

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

Flora E. Weimerskrich sought Chapter 11 protection (Bankr. E.D.
Wash. Case No. 18-00037) on Jan. 5, 2018.  Ms. Weimerskirch is
represented by Kevin ORourke, Southwell and O'Rourke.


FUSE LLC: June 5 Combined Plan, Disclosure Statement Hearing
------------------------------------------------------------
The combined hearing on the adequacy of the Disclosure Statement,
confirmation of Chapter 11 Plan, assumption and rejection of
Executory Contract and Unexpired Leases and Cure Amounts, in the
Chapter 11 case of of Fuse LLC, will be held before this court on
June 5, 2019 at 10:00 a.m. (prevailing Eastern Time).

Any responses or objections to the adequacy of the Disclosure
Statement or Confirmation of the plan must be filed and served no
later than 4:00 p.m. (prevailing Eastern Time) on May 29, 2019.

Any responses or objections to the assumption or rejection of
Executory Contracts and Unexpired Leases or Cure Amounts must be
filed and served no later than 4:00 p.m. (prevailing Eastern Time)
on May 22, 2019.

The Debtors and Supporting Noteholders may file reply briefs in
response to any objections to the adequacy of the Disclosure
Statement or confirmation of the Plan no later than 3 business days
before the combined hearing.

                      About Fuse LLC

Fuse, LLC and its subsidiaries are a multicultural media company,
composed principally of two cable networks, Fuse and FM. The
Company is headquartered in Glendale, California and also maintains
an office in New York, New York.

Fuse, LLC and eight of its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
19-10872) on April 22, 2019.  Fuse LLC estimated assets of $0 to
$50,000 and liabilities of $50,000 to $100,000. The petitions were
signed by Miguel Roggero, chief financial officer and secretary.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as their
counsel; FTI Consulting as financial advisor; and Kurtzman Carson
Consultant LLC as claims and noticing agent.


GARDEN OF EDEN: Plan Incorporates 14th Street Landlord Settlement
-----------------------------------------------------------------
Garden of Eden Enterprises, Inc., Broadway Specialty Food, Inc.,
Garden of Eden Gourmet Inc., and the Official Committee of
Unsecured Creditors filed a first amended disclosure statement in
support of their first amended joint plan of reorganization.

The first amended plan discloses that the 14th Street Landlord
Settlement by and between Gourmet and Victoria Retail LLC was
approved by the Court on Dec. 20, 2018. Pursuant to the 14th Street
Landlord Settlement Gourmet assumed the 14th Street lease with
Victoria Retail and the 14th Street Landlord Settlement reduced the
monthly rental amounts to Victoria Retail and provided for the cure
of pre and post-petition defaults over the remaining term of the 14
Street lease, among other terms as provided for therein. The 14th
Street Landlord Settlement is incorporated into the Plan. Nothing
in the Plan shall amend, contradict, modify or impair the terms and
obligations of the 14th Street Landlord Settlement.

The new plan also discloses that the Debtors will make an
additional distribution to Class 1, Class 2 and Class 3 retained
professionals with each class receiving one/third of the additional
distribution. The Additional Distribution will be payable at the
end of each successive year during which money may be owed to Class
1, Class 2 or Class 3 retained professionals commencing on Dec. 31,
2020. The Additional Distribution is defined as the amount of
profit arising from the Debtors' combined operations, after payment
of operating expenses of the types set forth in the projections to
the Disclosure Statement, in excess of $100,000, (the "Base Capital
Amount") for the first year subsequent to the Confirmation Date.
The Base Capital Amount will increase by 3% for each subsequent
year. Until Class 1, Class 2 and Class 3 retained professionals
have been paid in full, no insider of the Debtor shall be entitled
to any compensation in excess of the amount included in the
operating expenses set forth in the Projections; provided, however,
that this provision alone shall not restrict insider compensation
from increasing by up to 10% per year from the Projections.

A copy of the First Amended Disclosure Statement is available at
https://tinyurl.com/yy4p6czf from Pacermonitor.com at no charge.

              About Garden of Eden Enterprises

Garden of Eden Enterprises, Inc., Broadway Specialty Food, Inc.,
Coskun Brothers Specialty, and Garden of Eden Gourmet Inc. filed
Chapter 11 petitions (Bankr. S.D.N.Y. Case Nos. 16-12488, 16-12490,
16-12491, 16-12492, respectively) on Aug. 29, 2016. The petitions
were signed by Mustafa Coskun, president.  The cases are assigned
to Judge James L. Garrity Jr.

Doing business as Garden of Eden, the Debtors operate three upscale
full-service specialty-food retail stores at leased premises in New
York.  Garden of Eden Enterprises is the parent operating company
of the Debtors, and maintains its place of business at 720 Anderson
Avenue, Cliffside Park, New Jersey 07010.

Clifford A. Katz, Esq., and Scott K. Levine, Esq., of Platzer,
Swergold, Levine, Goldberg, Katz & Jaslow, LLP, serve as counsel to
the Debtors.

The Debtors disclosed $8.05 million in assets and $8.29 million in
liabilities.

U.S. Trustee William K. Harrington on Sept. 15, 2016, appointed
three creditors to serve on the official committee of unsecured
creditors.  The Committee retained Sullivan & Worcester LLP as
counsel.


HENDRIKUS TON: $19K Sale of Buras Property to Riley Approved
------------------------------------------------------------
Judge Elizabeth W. Magner of the U.S. Bankruptcy Court for the
Eastern District of Louisiana authorized Hendrikus Edward Ton's
sale of the real property located at 33411 Highway 11, Buras,
Louisiana to Michael Riley or his designee for $19,000.

The sale is free and clear of all liens, claims, or interests, with
the liens, claims, or interests being referred and attaching to the
proceeds of the sale.

Upon the closing of the Sale, all liens, claims, or interests are
unconditionally released as to the Property, but not from the
proceeds of the Sale as provided in the foregoing paragraph, and
the Clerk of Court for Plaquemines Parish is authorized to cancel
all such liens, claims, and interests.

The Debtor is authorized to receive and retain the net proceeds of
the Sale of the Property and such proceeds will be held in trust
pending entry of a further order of the Court.

The Order will be effective immediately upon entry and no automatic
stay or execution pursuant to Rule 62(a) of the Federal Rules of
Civil Procedure or Bankruptcy Rule 6004(h) will apply with respect
to the Order.

Hendrikus Edward Ton sought Chapter 11 protection (Bankr. E.D. La.
Case No. 18-11101) on April 27, 2018.  The Debtor estimated assets
in the range of $500,001 to $1 million and $1 million to $10
million in debt.  The Debtor tapped Stewart F. Peck, Esq., at
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, as counsel.

On Oct. 2, 2018, the Court appointed Bonnie Buras and Coldwell
Banker TEC Realtors as realtors.


HISTORIC HABITATS: June 5 Hearing on Disclosure Statement
---------------------------------------------------------
The Bankruptcy Court will consider the approval of the Disclosure
Statement explaining the Chapter 11 Plan of Historic Habitats/Rubi
LLC, at a hearing on June 5, 2019, at 10:30 a.m. The Disclosure
Statement Hearing will be held in Courtroom 446, at the U.S.
Bankruptcy Court, 38 S. Scott Ave., Tucson, AZ 85701. Parties may
also appear by video from Courtroom 301, U.S. Bankruptcy Court, 230
N. First Ave., Phoenix, AZ 85003.

The objection must be filed by May 29, 2019.

General Unsecured Claims, in Class 12, is impaired.  The Debtor
estimates that Class 12 claims will total approximately $207,000.
Holders of allowed Class 12 claims will be paid a pro rata share of
distributions from the Unsecured Claim Fund each April 15th until
the earlier of (1) the date all unsecured creditors are paid in
full, or (2) April 15, 2024.

The first payment to Holders of Class 12 claims will be 15 days
after the Effective date from a $15,000 contribution from the
Reorganized Debtor.  Thereafter, holders of allowed Class 12 claim
will be paid annual distributions equal to the greater of $7,500 or
50% of Net Distributable Profits, provided however that, holders of
Class 12 claim will be paid 75% of Net Distributable Profits after
the holders of Class 13 claims receive a 15% return on capital
invested into the Reorganized Debtor on or after the Effective
Date.

A full-text copy of the Amended Disclosure Statement dated April 5,
2019, is available at http://tinyurl.com/y2khgagxfrom
PacerMonitor.com at no charge.

         About Historic Habitats/Rubi L.L.C.

Based in Tucson, Arizona, Historic Habitats/Rubi L.L.C is a
privately held company that leases real estate properties. The
Company is the fee simple owner of eight properties in Tucson,
Arizona, having an estimated aggregate value of $1.26 million.

Historic Habitats filed for chapter 11 bankruptcy protection
(Bankr. D. Ariz Case No. 18-02635) on March 19, 2018 listing its
total assets at $1.27 million and total liabilities at $2.20
million. The petition was signed by Colin Reilly, manager.

The Debtor is represented by Kasey C. Nye, Esq. of Kasey C. Nye,
Lawyer, PLLC.


JONES ENERGY: Seeks to Hire A&M as Restructuring Advisor
--------------------------------------------------------
Jones Energy, Inc., seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire Alvarez & Marsal North
America, LLC as its restructuring and financial advisor.

The firm will provide these services:

     (a) assist the company and its affiliates in the preparation
of financial-related disclosures required by the bankruptcy court,
including schedules of assets and liabilities, statement of
financial affairs and monthly operating reports;

     (b) assist in the preparation of financial information for
distribution to creditors and others, including cash flow
projections and budgets, cash receipts and disbursement analysis,
analysis of various asset and liability accounts, and analysis of
proposed transactions for which the court's approval is sought;

     (c) assist in the management of a 13-week cash flow forecast;

     (d) assist the Debtors in financing issues, including the
preparation of reports and liaison with creditors;

     (e) provide testimony with respect to financial and
restructuring matters;

     (f) assist the Debtors with claims management processes; and

     (g) report to the board of directors.

The firm's hourly rates are:

     Managing Directors                $875 - $1,100
     Directors                           $675 - $850     
     Analysts/Associates/Consultants     $400 - $650

Alvarez & Marsal received $500,000 as a retainer in connection with
the preparation and filing of the Debtors' bankruptcy cases. In the
90 days prior to the petition date, the firm received retainers and
payments totaling $2,881,287.31.

Ryan Omohundro, managing director of Alvarez & Marsal, disclosed in
court filings that his firm is "disinterested" as defined in
Section 101(14) of the Bankruptcy Code.

Alvarez & Marsal can be reached through:

     Ryan Omohundro
     Alvarez & Marsal North America, LLC
     700 Louisiana Street, Suite 3300
     Houston, TX 77002
     Phone: +1 713 547 3670 / +1 713 571 2400
     Fax: +1 713 547 3697
     Emailto: romohundro@alvarezandmarsal.com

                     About Jones Energy

Austin, Texas-based Jones Energy, Inc. --
http://www.jonesenergy.com/-- is an independent oil and natural
gas company engaged in the exploration, development, production and
acquisition of oil and gas properties in the Anadarko Basin in
Oklahoma and Texas.

Jones Energy and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 19-32112) on
April 14, 2019.  At the time of the filing, the Debtors had total
assets of $405,575,000 and liabilities of $1,116,839,000.  

The cases are assigned to Judge David R. Jones.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as their bankruptcy counsel; Jackson Walker LLP
as co-counsel with Kirkland and as conflicts counsel; Evercore
Group LLC as financial advisor; Alvarez & Marsal North America, LLC
as restructuring advisor; Deloitte Tax LLP as tax restructuring
advisor; Baker Botts LLP as special corporate Counsel; and Epiq
Corporate Restructuring, LLC as its claims, noticing and
solicitation agent.


KW1 LLC: Taps Harvey Lindsay as Real Estate Agent
-------------------------------------------------
KW1 LLC received approval from the U.S. Bankruptcy Court for the
Eastern District of Virginia to hire Harvey Lindsay Commercial Real
Estate LLC.

The firm, through its real estate agent Robert Beasley, will assist
the Debtor in connection with the sale of its real property in
Oceana South Industrial Park.

Harvey Lindsay will receive a commission of 6 percent of the gross
sales price.

Mr. Beasley and his firm neither hold nor represent any interest
adverse to the Debtor's estate, according to court filings.

The firm can be reached through:

     Robert Beasley
     Harvey Lindsay Commercial Real Estate LLC
     999 Waterside Drive, Suite 1400
     Norfolk, VA 23510
     Phone: 757-640-8241/757-640-8700
     Email: bobbybeasley3@harveylindsay.com

                         About KW1 LLC

KW1, LLC, is privately held company in Virginia Beach, Va., that
primarily operates in the land clearing contractor business.  KW1
filed a Chapter 11 petition (Bankr. E.D. Va. Case No. 18-73923) on
Nov. 6, 2018.  In the petition was signed by Kevin Sims, managing
member, the Debtor disclosed total assets of $9,182,001 and
liabilities of $3,227,453.  The case is assigned to Judge Frank J.
Santoro.  The Debtor is represented by Greer W. McCreedy, II, Esq.,
at the McCreedy Law Group, PLLC.


LA CANASTA: Disclosures OK'd; June 5 Plan Confirmation Hearing
--------------------------------------------------------------
Bankruptcy Judge Mildred Caban Flores approved La Canasta Inc.'s
disclosure statement referring to an amended plan dated April 1,
2019.

Acceptances or rejections of the Amended Plan, and any objection to
confirmation of the plan may be filed in writing 14 days prior to
the date of the hearing on confirmation of the Plan.

A hearing for the consideration of confirmation of the Plan and of
such objections as may be made to the confirmation of the Plan will
be held on June 5, 2019, at 9:00 AM at the Jose V. Toledo Federal
Building and US Courthouse, 300 Recinto Sur Street, Courtroom 3,
Third Floor, San Juan, Puerto Rico.

                     About La Canasta

Based in Caguas, Puerto Rico, La Canasta Inc. is the fee simple
owner of four properties in Caguas, Gurabo, and Juana Diaz, Puerto
Rico having a total current value of $3.84 million.  The Company
filed a Chapter 11 Petition on (Bankr. D.P.R. Case No. 18-06453) on
November 1, 2018, and is represented by Carmen D. Conde Torres,
Esq., in San Juan, Puerto Rico.

At the time of filing, the Debtor had total assets of $3,840,000
and total liabilities of $4,214,778.  The petition was signed by
Ricardo Rivera Irizarry, sub administrator.

The Company previously sought bankruptcy protection on Nov. 26,
2014 (Bankr. D. P.R. Case No. 14-09826).


LIVE OUT LOUD: Proposes to Market Business to Fund Plan Payments
----------------------------------------------------------------
Live Out Loud, Inc., filed an amended Amended Plan of
Reorganization and accompanying amended Disclosure Statement
proposing that the funding of the Plan will come from proceeds from
the marketing of its business.

Class  4 - Unsecured Claims. Allowed Unsecured Claims shall reserve
a pro rata distribution from the Funding Contribution, after
payment in full of all Administrative Claims, Priority Claims
(including any taxes associated with the sale of the business) and
fees to the United States Trustee.

A full-text copy of the Amended Disclosure Statement dated April
24, 2019, is available at https://tinyurl.com/y2dkz9sn from
PacerMonitor.com at no charge.

                   About Live Out Loud

Live Out Loud, Inc. is a Nevada corporation which is in the
business of providing financial seminars, consulting services, and
other forms of financial advice.  It is located at 195 Highway 50,
Zephyr Cove, Nevada.

Live Out Loud filed a chapter 11 petition (Bankr. D. Nev. Case No.
18-51074) on Sept. 26, 2018.  In the petition signed by Loral
Langemeier, president, the Debtor disclosed $70,515 in assets and
$4,068,941 in liabilities.

The case has been assigned to Judge Bruce T. Beesley.  Alan R.
Smith, Esq., at the Law Offices of Alan R. Smith, serves as the
Debtor's counsel.


LOUISIANA LOCAL: Moody's Rates $26.5MM 2019A/B Housing Bonds 'Ba2'
------------------------------------------------------------------
Moody's Investors Service has assigned a rating of Ba2 to Louisiana
Local Government Environment Facilities and Community Development
Authority's $26.5 million Student Housing Revenue Bonds (Provident
Group ULM Properties LLC - University of Louisiana at Monroe
Project) Series 2019A and $500,000 Taxable Student Housing Revenue
Bonds (Provident Group ULM Properties LLC - University of Louisiana
at Monroe Project) Series 2019B. A stable outlook has been
assigned.

RATINGS RATIONALE

The Ba2 rating is based primarily on adequate projected financial
performance of the proposed development of a 372 bed student
housing project on the campus of the University of Louisiana at
Monroe and the sound legal structure. The rating also incorporates
construction risk, which is partially mitigated by the available
capitalized interest fund.

RATING OUTLOOK

The stable outlook reflects its expectations that the Project will
be completed in time for the Fall 2020 semester, and meet certain
projected debt service coverage levels.

FACTORS THAT COULD LEAD TO AN UPGRADE

While an upgrade is not expected in the near term, successful
completion of the project, and sustained occupancy coupled with
sound debt service coverage levels would be credit positive in the
longer term

FACTORS THAT COULD LEAD TO A DOWNGRADE

Construction delays or lease up significantly below the expected
occupancy levels

Financial performance or project demand below the expected levels,
resulting in prolonged period of deteriorating debt service
coverage.

LEGAL SECURITY

Project revenues will constitute the primary source of revenue for
the rated debt. The bond trustee will also have a security interest
in various funds, such as the Bond Fund, Debt Service Reserve Fund,
and the Repair and Replacement Fund, as provided by the Trust
Agreement.

USE OF PROCEEDS

The proceeds will be used primarily to finance construction of the
Project also be used to make a required debt service reserve funded
at maximum annual debt service, fund the capitalized interest
account, and provide funding for the cost of issuance.

PROFILE

Provident Group- ULM Properties, LLC, is a single member LLC of
which Provident Resources Group Inc., a non-profit corporation is
the sole member. The Borrower was formed for the purpose of
developing, constructing, owning and operating student housing. The
Borrower will issue the tax-exempt bonds to construct the Project
and fund the required reserves under the Trust Indenture.


LOVESTER'S LLC: Seeks to Hire Speckman Law Firm as Legal Counsel
----------------------------------------------------------------
Lovester's LLC seeks approval from the U.S. Bankruptcy Court for
the Southern District of California to hire Speckman Law Firm as
its legal counsel.

The firm will advise the Debtor of its rights and duties under the
Bankruptcy Code; assist in the preparation of a plan of
reorganization; and provide other legal services in connection with
its Chapter 11 case.

The firm's hourly rates are:

     David Speckman, Esq.     $395
     Support Staff            $250

Speckman Law Firm does not represent any interest adverse to the
Debtor and its bankruptcy estate, according to court filings.

The firm can be reached through:

     David L. Speckman, Esq.
     Speckman Law Firm
     1350 Columbia Street, Suite 503
     San Diego, CA 92101
     Tel: (619) 696-5151
     E-mail: speckmanandassociates@gmail.com

                       About Lovester's LLC

Lovester's LLC is a single asset real estate debtor (as defined in
11 U.S.C. Section 101(51B)).  It owns a property in Los Angeles,
having a liquidation value of $2.42 million.

Lovester's sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Cal. Case No. 19-02257) on April 19, 2019.  At
the time of the filing, the Debtor disclosed $2,717,000 in assets
and $3,133,313 in liabilities.  The case is assigned to Judge
Christopher B. Latham.  Speckman Law Firm is the Debtor's counsel.



MARTIN MIDSTREAM: Moody's Cuts CFR to B3 & Unsec. Rating to Caa2
----------------------------------------------------------------
Moody's Investors Service downgraded Martin Midstream Partners
L.P.'s Corporate Family Rating to B3 from B2, its Probability of
Default Rating to B3-PD from B2-PD, senior unsecured notes rating
to Caa2 from Caa1, and Speculative Grade Liquidity rating to SGL-4
from SGL-3. The outlook was changed to stable from positive.

The downgrade reflects Martin Midstream's weak liquidity with
near-term pending debt maturities, constraints on financial
flexibility, and execution risks on deleveraging and growth
strategies.

Downgrades:

Issuer: Martin Midstream Partners L.P.

  Probability of Default Rating, Downgraded to B3-PD from B2-PD

  Speculative Grade Liquidity Rating, Downgraded to SGL-4 from
SGL-3

  Corporate Family Rating , Downgraded to B3 from B2

  Senior Unsecured Regular Bond/Debenture, Downgraded to Caa2
(LGD5)
  from Caa1 (LGD5)

Outlook Actions:

Issuer: Martin Midstream Partners L.P.

  Outlook, Changed To Stable From Positive

RATINGS RATIONALE

Martin Midstream's B3 CFR reflects small scale, geographic
concentration, liquidity pressures, and execution challenges to its
strategies. With net property, plant and equipment measuring less
than $1 billion, the partnership is small in the midstream sector.
Relative to much larger midstream businesses with greater financial
resources, it is more susceptible to cyclical downturns and
financial market disruptions. Positively, cash flow volatility is
reduced as a result of a majority of EBITDA being derived from
fee-based contracts. However, the partnership is still exposed to
commodity price fluctuations as evidenced by meaningful weakness in
the butane business during the fourth quarter of 2018 and first
quarter of 2019. The partnership's strategic focus on the US Gulf
Coast results in concentrated exposure to regional circumstances
including weather conditions but also positions it well to serve
companies in the oil refining industry which are large customers.
The partnership recently reduced its distribution by 50% (effective
with the May payment) but distribution coverage remains pressured
and ability to reinvest for organic growth is challenged. There is
the potential for near-term debt reduction from asset sales, but
Moody's believes there is risk of the partnership taking on more
debt in pursuit of growth (as in the case of Martin Transport,
Inc.) and means to increase distributions to its MLP investors.

The SGL-4 liquidity rating reflects weak liquidity with a heavily
used revolver expiring in March 2020, and the senior notes shortly
thereafter in February 2021. As of March 31, 2019, the partnership
had $404 million drawn and $17 million of letters of credit
outstanding under its $500 million revolver. In mid-April 2019, the
partnership amended terms of its revolver, obtaining financial
covenant relief but reduced the facility from $664 million and
increased interest rates by 25 basis points.

The $374 million of senior unsecured notes due 2021 are rated Caa2,
two notches below the CFR, reflecting their effective subordination
to the $500 million senior secured revolver due 2020 (unrated).

The stable outlook reflects Moody's expectation that Martin
Midstream will address its refinancing needs in the near-term.

Factors that could lead to a downgrade include an inability to
refinance debt or other weakening of liquidity; continued weakness
in MLP distribution coverage; or lack of improvement in leverage.

Factors that could lead to an upgrade include EBITDA growth without
meaningfully increased business risks while maintaining adequate
liquidity; distribution coverage sustained above 1.1x; and
debt/EBITDA sustained below 5.5x.

The principal methodology used in these ratings was Midstream
Energy published in December 2018.

Martin Midstream, headquartered in Kilgore, Texas, is a
publicly-traded MLP with primary operations in the United States
Gulf Coast region. Revenue for the twelve months ended March 31,
2019 was $917 million.


MIAMI LIMO: June 20 Plan Confirmation Hearing
---------------------------------------------
The Bankruptcy Court has approved the disclosure statement
explaining the Chapter 11 Plan filed by Miami Limo Drivers, Inc.
The confirmation hearing is June 20, 2019 at 1:30 p.m.

Deadline for objections to claims is on May 11, 2019.  Deadline for
objections to confirmation is on June 6, 2019.  Deadline for filing
ballots accepting or rejecting plan is on June 6, 2019.

                  About Miami Limo Drivers

Miami Limo Drivers, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 18-11356) on Feb. 5, 2018.  The Debtor
estimated up to $50,000 in assets and $500,000 to $1 million in
debt.  The Debtor hired Advantage Law Group, P.A., as attorney.


MONITRONICS INTERNATONAL: Obtains Forbearance Extension Until May 8
-------------------------------------------------------------------
Monitronics International, Inc., Bank of America, N.A., as
administrative agent, and certain lenders entered into a fourth
amendment to their forbearance agreement.  On April 1, 2019, the
parties entered into that certain Forbearance Agreement under which
the Required Lenders agreed to temporarily forbear on enforcement
of the Specified Defaults, subject to the terms and conditions
contained in the Forbearance Agreement.

On April 1, 2019, Monitronics failed to make the interest payment
due on its 9.125% Senior Notes due 2020 and such failure
constituted a default under that certain Indenture, dated as of
March 23, 2012.  The Company's failure to make the Interest Payment
within 30 days after it was due and payable constitutes an "event
of default" under the Indenture.  As active discussions are still
ongoing regarding the Company's evaluation of strategic
alternatives, the board of directors of the Company determined that
the Company would not make the Interest Payment prior to the
expiration of the 30 day grace period.  An event of default under
the Indenture also constitutes an "event of default" under the
Company's Credit Agreement, dated as of March 23, 2012.

On April 30, 2019, the Company, certain of its subsidiaries party
to the Credit Agreement, Bank of America, N.A., as administrative
agent and certain lenders entered into Amendment No. 3 to that
certain Forbearance Agreement, by and among the Company, certain of
its subsidiaries party to the Credit Agreement, Bank of America,
N.A., as administrative agent and the Credit Agreement Forbearing
Parties, dated as of April 1, 2019, as amended by Amendment No. 1,
dated as of April 12, 2019 and as further amended by Amendment No.
2, dated as of April 24, 2019.  Further, on May 1, 2019, the
Company and the guarantors of the Notes entered into a forbearance
agreement with certain holders of the Notes.  On May 3, 2019, the
Company extended Amendment No. 3 by entering into Amendment No. 4
to Forbearance Agreement.

Pursuant to the Credit Forbearance Agreement and the Notes
Forbearance Agreement, subject to certain terms and conditions, as
applicable, the Forbearing Noteholders and the Credit Agreement
Forbearing Parties have agreed to temporarily forbear from the
exercise of any rights or remedies they may have in respect of the
aforementioned events of default or other defaults or events of
default arising out of or in connection therewith.  The Credit
Forbearance Agreement terminates on May 8, 2019 and the Notes
Forbearance Agreement terminates on May 7, 2019, unless certain
specified circumstances cause an earlier termination.

                        About Monitronics

Farmers Branch, Texas-based Monitronics International, Inc. --
http://www.mymoni.com-- operates as Brinks Home Security, a home
security and alarm monitoring companies in the United States.
Headquartered in the Dallas Fort-Worth area, Brinks Home Security
secures approximately 1 million residential and commercial
customers through highly responsive, simple security solutions
backed by expertly trained professionals.  Brinks Home Security has
the nation's largest network of independent authorized dealers --
providing products and support to customers in the U.S., Canada and
Puerto Rico -- as well as direct-to-consumer sales of DIY and
professionally installed products.  Monitronics is a wholly-owned
subsidiary of Ascent Capital Group, Inc.  

Monitronics reported a net loss of $678.75 million for the year
ended Dec. 31, 2018, compared to a net loss of $111.29 million for
the year ended Dec. 31, 2017.  As of Dec. 31, 2018, Monitronics had
$1.30 billion in total assets, $1.89 billion in total liabilities,
and a total stockholders' deficit of $588.97 million.

KPMG LLP, in Dallas, Texas, the Company's auditor since 2011,
issued a "going concern" qualification in its report dated April 1,
2019, on the Company's consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has substantial
indebtedness classified within current liabilities that raises
substantial doubt about its ability to continue as a going
concern.

                           *   *    *

As reported by the TCR on April 8, 2019, S&P Global Ratings lowered
the issuer credit rating on Monitronics International Inc. to 'SD'
from 'CC'.  The downgrade follows Monitronics' election not to make
an approximately $26.7 million in interest on its 9.125% unsecured
notes due 2020.

Moody's Investors Service downgraded Monitronics International,
Inc.'s Corporate Family Rating to Ca from Caa2, as reported by the
TCR on April 10, 2019.  The downgrade reflects the Company's
near-term debt maturities and the high likelihood of a default
event under Moody's definition in the near term.


MORAVIAN MANORS: Fitch Rates 2019A & 2019B Healthcare Bonds 'BB+'
-----------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to the following bonds to
be issued by the Lancaster County Hospital Authority on behalf of
Moravian Manors, Inc. (Moravian or MM):

  -- $19.19 million healthcare facilities revenue bonds, series
2019A;

  -- $12 million healthcare facilities revenue bonds, series
2019B.

Bonds proceeds and other available monies will refund a $6 million
line of credit, construct 71 new independent living units, and fund
a capitalized interest account and debt service reserve fund. The
bonds are expected to sell via negotiation during the week of May
20, 2019.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a security interest in pledged assets
(including gross receipts), a mortgage on Moravian's property and
series specific debt service reserve funds.

KEY RATING DRIVERS

LARGE EXPANSION PLAN: Moravian is in the midst of a sizable
expansion project that is transforming its enterprise with the
development of an adjacent campus. Preliminary results have been
very successful, with MM building and filling 139 independent
living units over the past eighteen months. The second phase of the
project includes an additional 71 ILUs that cost about $34 million
and are being mostly funded with series 2019 bond proceeds. About
$12 million of the debt (the series 2019B bonds) will be repaid
with proceeds from the sale of the new ILUs. As of April 30, 2019,
about 80% of the new ILUs have been presold with a 10% deposit.

INCREASED LONG-TERM LIABILITY PROFILE: Upon issuance of the series
2019 bonds, Moravian will have a moderately high long-term
liability profile. Pro forma maximum annual debt service of
approximately $4 million amounts to 16.6% of 2018 revenues, which
is in-line with below-investment-grade credits. Pro forma permanent
debt (of about $59 million) verses a five year average of net
available is weak at about 20x. Fitch expects MM's long-term
liability profile to strengthen due to the additional revenues and
cash flows expected to be generated from the large ILU expansion
project.

GOOD OPERATING PROFILE: Moravian is located in a good service area
with favorable demographic indicators and enjoys a long operating
history that has led to strong demand. ILU (adjusted for new units
placed in service during 2017), assisted living unit and skilled
nursing facility (SNF) occupancies averaged about 96%, 86% and 92%,
respectively, from 2014-2018 (Dec. 31 fiscal year-end).

SOLID FINANCIAL PROFILE: MM's consistent demand trends and good
management practices have resulted in a solid financial profile.
During 2014-2017, Moravian's respective operating ratio and net
operating margin averaged 94.3% and 6.9%. Profitability weakened in
2018 due to lower SNF revenues, higher real estate tax expenses and
increased capital costs relating to the expansion project.
Moravian's liquidity position is adequate for the rating category
with nearly $14 million of unrestricted cash and investments
amounting to 224 days cash on hand and 27% of total debt as of Dec.
31, 2018.

ASYMMETRIC RISK CONSIDERATIONS: There are no asymmetric risk
considerations affecting the rating determination.

RATING SENSITIVITIES

PROJECT MANAGEMENT: The rating incorporates the risks related to
the expansion project. Construction delays, cost overruns, higher
than expected working capital requirements, and occupancy and
fill-up levels that lag projections could pressure the rating.

FINANCIAL PROFILE: Given the timing of the ILU expansion project,
upward rating movement is not anticipated during the outlook
period. If Moravian's financial profile weakens during the next
several years there could be negative rating action.

CREDIT PROFILE

Moravian is a Type C (fee-for-service) life plan community (LPC)
with a total of 228 ILUs, (composed of 115 apartments, 16 cottages,
12 townhomes, 85 carriage homes), 25 personal care units (eight of
which are licensed for double occupancy), 40 ALUs (four of which
are licensed for double occupancy) and 119 SNF beds. In late 2017,
MM opened its Warwick Woodlands project that currently includes the
85 carriage homes and a 54-unit apartment building on a 72 acre
property that is located several blocks from the main campus on a
former landscape nursery. Moravian's main campus opened in 1974 and
is located about 10 miles north of Lancaster, PA and 30 miles east
of Harrisburg, PA in the town of Lititz.

Residents are offered fee-for-service residency agreements with
four different entrance fee plans. The most prevalent entrance fee
plan (64% of ILU residency agreements) is a traditional plan in
which the entrance fee is nonrefundable and is amortized at 2% per
month over 50 months. Moravian also offers a 60% refundable plan
(18% of ILU residency agreements), a 90% refundable plan (10% of
ILU residency agreements), and a rental fee plan (8% of ILU
residency agreements) that includes a small nonrefundable fee at
entry. Any refunds that would be due are subject to payment of a
new entrance fee by the next resident that occupies the respective
unit. Fitch views the prevalence of nonrefundable entrance fee
contracts favorably since they provide longer-term cash flow and
working capital benefits.

Moravian is governed by a board of directors, which currently
consists of seventeen members (including one resident of MM) who
can serve three successive four-year terms. The Moravian Church in
Pennsylvania founded the organization in the 1950s to care for its
aging members and only has a limited governance role. Executive
management at MM is long-tenured and has been instrumental in the
development and initial success of the Warwick Woodlands project.
Moravian has a single subsidiary that holds certain real estate and
is consolidated in MM's financial statements. Fitch's analysis and
all figures cited in this press release reflect the consolidated
entity. During fiscal 2018, the consolidated entity generated
nearly $25 million of total revenues and held $122 million of total
assets.


MR. STEVEN: New Plan Adds Information on Settlement with SBN
------------------------------------------------------------
Mr. Steven, L.L.C., Lady Eve, L.L.C., Lady Brandi L.L.C., Lady
Glenda LLC, Mr. Blake LLC, Mr. Mason LLC, Mr. Ridge LLC, and Mr.
Row LLC filed a joint amended disclosure statement in support of
its chapter 11 amended plan of reorganization.

This latest filing provides that to the extent the SBN V FNBC LLC
pays sums to the Reorganized Debtors pursuant to SBN to the SBN
Settlement, the Reorganized Debtor may release claims against SBN.

A copy of the Joint Amended Disclosure Statement is available at
https://tinyurl.com/y5n6y3ya from Pacermonitor.com at no charge.

                       About Mr. Steven

Mr. Steven, L.L.C., is a privately held company in New Iberia,
Louisiana engaged in the business of offshore marine vessel
leasing.  Mr. Steven filed a voluntary petition for relief under
Chapter 11 of Title 11 of the U.S. Bankruptcy Code (Bankr. W.D. La.
Case No. 18-51277) on Oct. 3, 2018.  In the petition signed by Mr.
Steven J. Miguez, manager, the Debtor disclosed $5,152,864 in
assets and $23,651,405 in liabilities.  Robin B. Cheatham, Esq., at
Adams and Reese LLP, represents the Debtor.


MUNCHERY INC: $5M Sale of South San Francisco Property Approved
---------------------------------------------------------------
Judge Hannah L. Blumensteil of the U.S. Bankruptcy Court for the
Northern District of California authorized Munchery, Inc.'s sale of
assets, consisting of the Debtor's improvements to 220 Shaw Road,
South San Francisco, California, and the extensive machinery and
equipment used in the operation of its business and located on the
Premises, to Gate Gourmet, Inc., for $5 million.

A hearing on the Motion was held for April 18, 2019 at 3:00 p.m.

The notice of the Motion and the Sale Hearing thereon is approved.

The sale is free and clear of all pre and post-petition liens and
any and all pre and post-petition claims that related to or purport
to relate to the Purchased Assets, with any Liens and Claims not
paid prior to or concurrently with the Closing attaching to the
proceeds of the sale.

The Debtor is authorized to assume and assign to the Buyer the
Assumed Contracts, and such assumption and assignment, without any
further order of the Court being required, will occur upon the
Closing.  There are no Cure Costs required to be paid in connection
with the assumption and assignment of the Assumed Contracts.

The Purchase Price and any related consideration will be deposited
in the DIP account.  The Debtor is authorized to pay from that
account the following:

     a. The outstanding balance of the DIP Loans as that term is
defined in the Third Amended Stipulation Regarding Use of Cash
Collateral, Provision of Adequate Protection and Debtor in
Possession Financing;

     b. The outstanding debt to Comerica Bank;

     c. The carveouts amounts as set forth in the Amended Cash
Collateral Stipulation as follows: (i) $100,000 to the Debtor's
counsel; (ii) $50,000 to be held by the Debtor's counsel for the
Debtor's non-legal professional fees; and (iii) $100,000 to the
counsel for the Official Committee of Unsecured Creditors;

     d. The remaining carveouts as set forth in the Amended Cash
Collateral Stipulation (entitled Beriker Fees, U.S. Trustee and
Court Fees and Unencumbered Funds Carve-out) will remain in the DIP
account until further order of the Court.

As adequate protection for all allowed claims under the Perishable
Agricultural Commodities Act, the Debtor will deposit $350,000 from
the Purchase Price in a separate account, which funds will remain
in the PACA Account until a further order of the Court.  The source
of the payment of these funds is not intended to limit the rights
of any PACA claimants, and the order will not impact the priority
of PACA trust claims, which will continue with the same scope,
priority and validity as existed as of the Petition Date.  After
providing for the payments and Carve-outs and the payment to the
PACA Account, the balance of the proceeds will be deposited in the
Debtor's attorneys' trust fund to be held until further order of
the Court.

The Order will be effective immediately upon entry.  No automatic
stay of execution, pursuant to Rule 62(a) of the Federal Rules of
Civil Procedure, or Bankruptcy Rules 6004(h) or 6006(d), applies
with respect to the Order.

A copy of the APA attached to the Order is available for free at:

       http://bankrupt.com/misc/Munchery_Inc_162_Order.pdf

                        About Munchery

Munchery, Inc. d/b/a Munchery -- http://www.munchery.com/-- is a
food delivery startup offering "fresh, local, and delicious" meals
to its customers across the country.  On Jan. 21, 2019, Munchery
ceased business operations and all its employees were terminated.

Munchery sought Chapter 11 bankruptcy protection (Bankr. N.D. Cal.
Case No. 19-30232) on Feb. 28, 2019.  In the petition signed by
James Beriker, president and CEO, Munchery estimated $1 million to
$10 million in assets and $10 million to $50 million in
liabilities.  The case is assigned to Judge Hannah L. Blumenstiel.
Munchery tapped Finestone Hayes LLP as its bankruptcy counsel;
Armanino LLP as its financial consultant; and Omni Management
Group
as its noticing agent.


NATIONAL CAMPUS: S&P Affirms 'CCC' 2015AB Debt Rating; Outlook Neg.
-------------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC' long-term rating on New Hope
Cultural Education Finance Corp., Texas' series 2015A and series
2015B taxable student housing revenue bonds, issued for National
Campus & Community Development Corp.'s College Station Properties
LLC (NCCD-College Station). The outlook is negative.

The NCCD-College Station housing project added 3,402 new beds
adjacent to the Texas A&M University – College Station campus.
The recent cash flow shortfalls are a result of the project's much
lower-than-anticipated occupancy of 54% in fall 2017 and a similar
occupancy in spring 2018, leading to a breach of the minimum 1x
debt service coverage covenant in fiscal 2018.

"In accordance with our criteria, the 'CCC' rating and negative
outlook reflect our view that NCCD-College Station is likely to
default without unforeseen positive developments in occupancy and
revenue," said S&P Global Ratings credit analyst Ying Huang. "They
also reflect our opinion of at least a one-in-two likelihood of
default given that the project ran into cash flow shortfalls in
fiscals 2018 and 2019."

S&P expressed belief that NCCD-College Station will likely continue
to experience cash flow shortfalls, which will require prolonged
draws from its debt service reserve fund (DSRF) to cover debt
service payments over the next two to three years. Given the $5.8
million already drawn from the DSRF for debt service in fiscal 2018
and the $5.3 million expected to be drawn in fiscal 2019, S&P
believes there is limited flexibility for NCCD-College Station
before reaching a $14.815 million draw limit set forth in a
recently negotiated second forbearance agreement."

"Currently, a lower rating is precluded because default is not a
virtual certainty, as NCCD-College Station has entered into the
second forbearance agreement with bondholders, and can still draw
on its DSRF for debt service payments to avoid default over the
medium term," Ms. Huang added. NCCD-College Station drew about $5.8
million from its DSRF to cover the shortfall in its debt service
for fiscal 2018, and the DSRF balance stood at $18.3 million as of
March 2019.

The negative outlook reflects S&P's view that within the one-year
outlook time frame, the rating may be lowered if expected cash flow
shortfalls continue and the bond trustee terminates the forbearance
agreement, adding uncertainty that NCCD-College Station will be
able to cover debt service. In S&P's view, NCCD-College Station
will have to increase occupancy and rent substantially in order to
earn sufficient revenue to cover debt service and operating
expenses.


NEOVASC INC: Will Release Q1 Financial Results on May 9
-------------------------------------------------------
Neovasc, Inc. will report financial results for the quarter ended
March 31, 2019 and host a conference call and webcast at 4:30 p.m.
Eastern Time on May 9, 2019.

A replay of the event will be available via webcast through August
9 on the Company's website, http://www.neovasc.com/, or at
http://public.viavid.com/index.php?id=133943.

                       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$108.04 for the year ended Dec.
31, 2018, compared to a net loss of US$22.90 million for the year
ended Dec. 31, 2017.  As of Dec. 31, 2018, Neovasc had US$11.99
million in total assets, US$21.66 million in total liabilities, and
a total deficit of US$9.66 million.

Grant Thornton LLP, in Vancouver, BC, the Company's auditor since
2002, issued a "going concern" opinion in its report on the
Company's consolidated financial statements for the year ended Dec.
31, 2018, stating that the Company incurred a net loss of
$108,042,868 during the year ended Dec. 31, 2018, and as of that
date, the Company's liabilities exceeded its assets by $9,666,884.
These conditions, along with other matters, raise substantial doubt
about the Company's ability to continue as a going concern.


NORTHBELT LLC: Unsecured Creditors to be Paid 100% Over 48 Months
-----------------------------------------------------------------
Northbelt LLC filed with the U.S. Bankruptcy Court for the Southern
District of Texas its first disclosure statement dated April 23,
2019.

Class 4 under the plan consists of the allowed general unsecured
claims. The Claims in this class will be paid by the Reorganized
Debtor once allowed at 100% of their Claims over 48 months. The
payments will commence on the first day of the month following the
Effective Date and will continue on the first day of each
succeeding month thereafter until the end of the payment term. The
total of claims in this class is estimated at $700,000.

The Plan will be funded from the continuing operations of the
Debtor.

The Plan contemplates that the Debtor's business will generate
revenue sufficient to pay the obligations accruing from its
operations. The Debtor does not "guarantee" that the expenses will
equal those in the projections; however, the Debtor believes that
the projections are reasonable. The Debtor's operations do show the
ability to propose a plan in this case.

A copy of the Disclosure Statement dated April 23, 2019 is
available at https://tinyurl.com/yxzobaf3 from Pacemonitor.com at
no charge.

                    About Northbelt LLC

Northbelt, LLC, a lessor of real estate headquartered in Houston,
Texas, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Case No. 19-30388) on Jan. 28, 2019.  At the time
of the filing, the Debtor estimated assets of $10 million to $50
million and liabilities of $10 million to $50 million.  The case is
assigned to Judge Eduardo V. Rodriguez.  Joyce W. Lindauer
Attorney, PLLC is the Debtor's counsel.


NOVABAY PHARMACEUTICALS: Two Directors Quit from Board
------------------------------------------------------
Dr. Yonghao (Carl) Ma, Ph.D. informed NovaBay Pharmaceuticals, Inc.
on April 29, 2019, that he will resign as a member of the Company's
Board of Directors, with such resignation to be effective
immediately.  The Board has appointed Mr. Todd Zavodnick and Ms.
Gail Maderis to fulfill Dr. Ma's positions on the Compensation
Committee and Nominating and Corporate Governance Committee,
respectively.

As disclosed in the Company's Definitive Proxy Statement, dated
April 19, 2019, Mr. Jian Ping Fu purchased all of the Company's
shares previously held by OP Financial Investments Limited.  In
connection with such sale by OP Financial, on May 1, 2019, Mr.
Yanbin (Lawrence) Liu, OP Financial's joint chief operating officer
& head of direct investment, also informed the Company that he will
resign as a member of the Board with such resignation to be
effective immediately and that he will withdraw as a director
nominee for election at the Company's Annual Meeting of
Shareholders to be held on May 30, 2019.

The Company said neither Dr. Ma nor Mr. Liu resigned as a result of
any disagreements with the Company on any matter relating to the
Company's operations, policies or practices.  The Board accepted
the resignations of both Dr. Ma and Mr. Liu as well as Mr. Liu's
withdrawal as a director nominee and reduced the size of the Board
from eight to six members effective with their resignations.

Other than Mr. Liu, the nominees named in the Proxy Statement will
stand for election at the Annual Meeting.  Notwithstanding Mr.
Liu's resignation and withdrawal as a director nominee, the form of
proxy card included in the original distribution of the Proxy
Statement remains valid; however, any votes that are submitted with
respect to Mr. Liu's nomination (either voting "For" or "Withhold")
will be disregarded.

                 About NovaBay Pharmaceuticals

Based in Emeryville, California, NovaBay Pharmaceuticals --
http://www.novabay.com/-- is a medical device company
predominately focused on eye care.  The Company is currently
focused primarily on commercializing Avenova, a prescription
product sold in the United States for cleansing and removing
foreign material including microorganisms and debris from skin
around the eye, including the eyelid.

Novabay reported a net loss and comprehensive loss of $6.54 million
for the year ended Dec. 31, 2018, compared to a net loss and
comprehensive loss of $7.40 million for the year ended Dec. 31,
2017.  As of Dec. 31, 2018, the Company had $9.36 million in total
assets, $4.40 million in total liabilities, and $4.95 million in
total stockholders' equity.

OUM & CO. LLP, in San Francisco, California, the Company's auditor
since 2010, issued a "going concern" opinion in its report dated
March 29, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
experienced operating losses for most of its history and expects
expenses to exceed revenues in 2019.  The Company also has
recurring negative cash flows from operations and an accumulated
deficit.  All of these matters raise substantial doubt about its
ability to continue as a going concern.


NOVAN INC: Secures Up to $35 Million in Non-Dilutive Funding
------------------------------------------------------------
Novan, Inc. has secured up to $35 million in non-dilutive capital
to advance Novan's late-stage dermatology assets.  Of this, $25
million is available immediately and $10 million is contingent upon
achieving positive Phase 3 clinical trial results for molluscum
contagiosum.  This funding will allow Novan to immediately initiate
the pivotal Phase 3 molluscum program.  The Company plans to begin
recruiting patients in May, 2019.

Novan has entered into a structured $35 million product-based
financing agreement with Reedy Creek Investments LLC.  Reedy Creek
is currently Novan's largest shareholder, holding approximately 15%
of the Company's shares outstanding.  Under the terms of the
agreement, Reedy Creek will immediately provide funding of $25
million, with an additional payment of $10 million contingent upon
positive Phase 3 clinical trial results for molluscum.

In return, Reedy Creek will receive 10%, 20% and 20% of any North
American economics, including upfront payments, milestones and
royalties, received by Novan associated with SB206, for the
treatment of molluscum contagiosum, SB414 for the treatment of
atopic dermatitis and SB204 for the treatment of acne vulgaris,
respectively.  Within this deal construct, Reedy Creek will receive
25% of upfront payments or milestone payments received by Novan
until such time as Reedy Creek has received payments equal to the
total funding amount provided by Reedy Creek ($25 or $35 million).

This arrangement will enable Novan to immediately commence the
molluscum Phase 3 program and, soon thereafter, initiate the
necessary preparation for a robust Phase 2 trial in atopic
dermatitis.  In completing the picture for the late stage
dermatology assets, Novan continues to have discussions with third
parties regarding SB204 and its possible advancement for the acne
vulgaris indication.  The Company is also in additional
non-dilutive capital sourcing discussions with a goal to finalize
these in the near future.

Novan has launched the two molluscum pivotal studies in
clinicaltrials.gov and key characteristics include:

   * Randomized, double-blind, vehicle-controlled pivotal trials
     with SB206 12% once-daily as the active treatment arm

   * Each pivotal trial is planned to enroll approximately 340
     subjects aged 6 months and above at a 2:1 ratio

   * The primary endpoint for the trials is proportion of
     patients with complete clearance of all treatable molluscum
     lesions at Week 12.

"There is a huge unmet need for an effective, safe, easy to apply
and well tolerated intervention for treating molluscum," stated Dr.
Amy Paller, MD, Chair, Department of Dermatology, Feinberg School
of Medicine, Northwestern University.  Dr. Paller, a member of
Novan's Phase 2 molluscum independent safety monitoring board and
the principal investigator for the NI-MC301 Phase 3 pivotal trial,
commented further, "I am excited to be involved in Novan's Phase 3
program and to see this promising new product candidate move
forward into the next phase of clinical testing."

An additional and critically important area of focus for Novan has
been to initiate a re-engineering of the operating infrastructure
and overall business model of the Company.  Goals of this process
include overall reduction of fixed costs thus shifting the cost
characteristics from fixed to variable, eliminating ongoing
capital-expenditure items where possible and leveraging external
expertise and capabilities more aggressively. Results to date
include the selection of partners and initiation of the transfer of
manufacturing for both drug substance and drug product.
Additionally, the Company is engaged in partnering discussions for
nitric oxide formulation science and discussions to more
drastically reduce our existing real estate footprint and
associated cash costs.

As a result of aggressive and proactive reconstruction of the
business, Novan has been able to reduce headcount by approximately
30% since the equity financing transaction in January 2018.
Further advancements to a more partnered operating model will
provide additional opportunity to match skill sets, expertise and
capabilities in a cost-effective manner designed to increase the
Company's ability to create value by advancing the underlying
nitric oxide science and technology.

                         About Novan Inc.

Based in Morrisville, North Carolina, Novan Inc. --
http://www.novan.com/-- is a clinical-stage biotechnology company
focused on leveraging nitric oxide's natural antiviral and
immunomodulatory mechanisms of action to treat dermatological and
oncovirus-mediated diseases.  Nitric oxide plays a vital role in
the natural immune system response against microbial pathogens and
is a critical regulator of inflammation.  The Company's ability to
harness nitric oxide and its multiple mechanisms of action has
enabled it to create a platform with the potential to generate
differentiated product candidates.

Novan reported a net loss and comprehensive loss of $12.67 million
for the year ended Dec. 31, 2018, compared to a net loss and
comprehensive loss of $36.62 million for the year ended Dec. 31,
2017.  As of Dec. 31, 2018, the Company had $26.36 million in total
assets, $21.16 million in total liabilities, and $5.19 million in
total stockholders' equity.

BDO USA, LLP, in Raleigh, North Carolina, the Company's auditor
since 2018, issued a "going concern" opinion in its report dated
March 27, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
suffered recurring losses from operations and has not generated
significant revenue or positive cash flows from operations.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


OMNIA PARTNERS: Moody's Affirms B3 CFR on Unit Amid Dividend Recap
------------------------------------------------------------------
Moody's Investors Service affirmed National Intergovernmental
Purchasing Alliance Company's, a wholly owned subsidiary of OMNIA
Partners, Inc. B3 Corporate Family Rating and B3-PD Probability of
Default Rating. Concurrently, Moody's has affirmed the upsized B2
senior secured first-lien bank credit facilities ratings, as well
as the upsized Caa2 senior secured second-lien term loan. The
outlook remains stable.

The proceeds from the upsized first and second lien term loans as
well as balance sheet cash will be used to fund a $225 million
dividend to its private equity owners and other shareholders, and
pay transaction-related fees.

"While the shareholder dividend increases debt/EBITDA to
approximately 7.9 times (from 6.1 times), the rating affirmation is
supported by Moody's expectation of meaningful deleveraging that
will come primarily through EBITDA growth," said Moody's analyst,
Vladimir Ronin. "Moody's views the dividend recapitalization as
aggressive, resulting in high financial leverage. However, Moody's
expects OMNIA Partners to benefit from solid organic growth, strong
profit margins, as well as from a recent sizable contract win by
the company, over the next 12-18 months," added Ronin.

Moody's took the following rating actions on National
Intergovernmental Purchasing Alliance Company:

Affirmations:

Corporate Family Rating, B3

Probability of Default Rating, B3-PD

Gtd Senior Secured First Lien Revolving Credit Facility, B2
(LGD3)

Gtd Senior Secured First Lien Term Loan, B2 (LGD3)

Gtd Senior Secured Second Lien Term Loan, Caa2 to (LGD6) from
(LGD5)

Outlook Actions:

Outlook, Remains Stable

RATINGS RATIONALE

The B3 CFR reflects OMNIA Partners' aggressive financial policy, as
well as the company's high pro forma leverage which Moody's
estimates at 7.9 times for the LTM period ended March 31, 2019,
following the proposed dividend recapitalization. The rating is
constrained by OMNIA Partners' small absolute size based on its
revenue and EBITDA, limited track record as a stand-alone operator,
as well as the company's narrow focus on providing procurement
efficiencies to its members in the public and private sectors. The
company's ratings are supported by the favorable market trends
within the public and private sector group purchasing organization
market, as well as expected growth associated with a recently won
contract. Furthermore, positive ratings consideration is given to
the strong EBITDA margins, and favorable free cash flow
characteristics of company's asset light business model.

The ratings could be downgraded if the company faces top-line and
earnings pressure such that operating margins, cash flow, or
liquidity deteriorate. More specifically, if free cash flow becomes
negative or debt/EBITDA is sustained above 7 times, the rating
could be downgraded. In addition, the ratings could be downgraded
if the company is adversely impacted by regulatory changes, or if
the company engages in additional debt-financed shareholder
initiatives.

The ratings could be upgraded if the company can effectively manage
its growth, achieving better than expected revenue growth such that
leverage can be sustained below 5 times, while increasing its size.
An upgrade would also have to be supported by a very strong
liquidity profile.

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

Headquartered in Franklin, TN, National Intergovernmental
Purchasing Alliance Company, a wholly owned subsidiary of OMNIA
Partners, Inc., which through its subsidiaries (OMNIA Partners,
Public Sector and OMNIA Partners, Private Sector) is a leading a
group purchasing organization serving state and local public
agencies, educational institutions and corporate clients in the
United States. The company helps its members to realize savings and
efficiencies by aggregating purchasing volume and using that
leverage to negotiate discounts with manufacturers, service
providers, and other vendors. The company generated pro forma net
revenues of approximately $161 million for the twelve months ended
March 31, 2019. OMNIA Partners is owned by private equity firm TA
Associates.


PENGROWTH ENERGY: Will Release Its Q1 Results on May 8
------------------------------------------------------
Pengrowth Energy Corporation announced that before markets open on
May 8, 2019, it will release its results for the three months ended
March 31, 2019 and will provide a link to a listen-only
presentation to review the first quarter at that time.

Pengrowth expects to release its quarterly results in accordance
with the 2019 reporting schedule provided below.  Consistent with
its practice, quarterly results will be released before markets
open on the dates indicated.

2019 Reporting Schedule:

        Period                Reporting Date:
        Q1 2019               May 8, 2019
        Q2 2019               August 8, 2019
        Q3 2019               November 7, 2019
        Q4 2019               March 4, 2020

This schedule is subject to change and investors are directed to
the Company's website at www.pengrowth.com for further information.
Pengrowth will no longer provide advance notice of its release
date other than through its website and will discontinue the
practice of disseminating a news release announcing the results
date in advance of the quarter.

                       About Pengrowth

Pengrowth Energy Corporation is a Canadian energy company focused
on the sustainable development and production of oil and natural
gas in Western Canada from its Lindbergh thermal oil property and
its Groundbirch Montney gas property.  The Company is headquartered
in Calgary, Alberta, Canada and has been operating in the Western
Canadian basin for more than 30 years.  The Company's shares trade
on both the Toronto Stock Exchange under the symbol "PGF" and on
the OTCQX under the symbol "PGHEF".

Pengrowth reported a net loss and comprehensive loss of C$559.3
million in 2018, following a net loss and comprehensive loss of
C$683.8 million in 2017.  As of Dec. 31, 2018, the Company had
C$1.34 billion in total assets, C$1.09 billion in total
liabilities, and C$251.9 million in shareholders' equity.

KPMG LLP, in Calgary, Canada, the Company's auditor since 1988,
issued a "going concern" qualification in its report dated March 5,
2019, on the Company's consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has significant
uncertainties relating to its ability to meet its financial
obligations on scheduled debt maturities and comply with certain
debt covenants that raise substantial doubt about its ability to
continue as a going concern.


PERNIX SLEEP: June 20 Plan, Disclosure Statement Hearing
--------------------------------------------------------
The Bankruptcy Court has approved the amended disclosure statement
explaining the Amended Chapter 11 Plan of Liquidation filed Pernix
Sleep, Inc., and its affiliated debtors.  The combined hearing on
final approval of the adequacy of the First Amended Disclosure
Statement and confirmation of the First Amended Plan is scheduled
for June 20, 2019, at 2:00 p.m. (prevailing Eastern Time).  The
deadline to file objections to the adequacy of the First Amended
Disclosure Statement and confirmation of the Plan is June 13.  The
deadline to submit Ballots to accept or reject the First Amended
Plan will be June 13.

Except to the extent that a holder of an Allowed General Unsecured
Claim agrees to less favorable treatment, in exchange for full and
final satisfaction, settlement, and release of each Allowed General
Unsecured Claim, each holder of such Allowed General Unsecured
Claim shall receive its pro rata share of the Class A Liquidating
Interests.

Disputed Employee Litigation Claims. Except to the extent that a
holder of an Allowed Disputed Employee Litigation Claim agrees to a
less favorable treatment, in exchange for full and final
satisfaction, settlement, and release of each Allowed Disputed
Employee Litigation Claim shall receive:

   a. If Class 7 votes to accept the Plan, its pro rata share of an
Allowed Priority Non-Tax Claim in the aggregate amount of $150,000
(the "Class 7 Cash Recovery"). The Class 7 Cash Recovery shall be
satisfied from the Trust Cash Amount and from no other assets. If
Class 7 votes to accept the Plan, such a vote will be deemed an
agreement that the Disputed Employee Litigation Claims shall be
entitled to solely the Class 7 Cash Recovery, and no other claims,
priority or otherwise.

   b. If Class 7 votes to reject the Plan, each Disputed Employee
Litigation Claim shall be estimated at zero for purposes of the
Plan and distributions thereunder.

Distributions under the Plan, other than distributions to on
account of Liquidating Trust Interests, will be funded by the
Remaining Estate Assets. Distributions on account of Liquidating
Trust Interests will be funded by the Liquidating Trust Assets.

A full-text copy of the Disclosure Statement dated April 22, 2019,
is available at https://tinyurl.com/y5oxdvua from PacerMonitor.com
at no charge.

A full-text copy of the Amended Disclosure Statement dated May 6,
2019, is available at https://tinyurl.com/y22rzfnq from
PacerMonitor.com at no charge.

The Plans were filed by Eli J. Vonnegul, Esq., and Christopher S.
Robertson, Esq., at Davis Polk & Wardwell LLP, in New York; and
Adam G. Landis, Esq., Kerri K. Mumford, Esq., Jennifer L. Cree,
Esq., and Nicolas E. Jenner, Esq., at Landis Rath & Cobb LLP, in
Wilmington, Delaware, on behalf of the Debtors.

                     About Pernix Sleep

Pernix -- http://www.pernixtx.com/-- is a specialty pharmaceutical
company focused on identifying, developing and commercializing
prescription drugs, primarily for the United States market,
currently focused on the therapeutic areas of pain and neurology.
Primarily, Pernix sells three core branded products: Zohydro ER
with BeadTek, Silenor, and Treximet.  Pernix is headquartered in
Morristown, New Jersey.

Pernix Sleep, Inc. and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Lead Case No.
19-10323) on Feb. 18, 2019.  As of Sept. 30, 2018, Pernix had
assets of $274,770,000 and liabilities of $447,052,000.

The cases are assigned to Judge Christopher S. Sontch.

The Debtors tapped Davis Polk & Wardell LLP as their bankruptcy
counsel; Landis Rath & Cobb LLP as Delaware bankruptcy counsel;
Guggenheim Securities, LLC as investment banker; Ernst & Young LLP
as financial advisor; and Prime Clerk LLC as claims and noticing
agent.


PETSMART INC: S&P Alters Outlook to Dev. on Chewy Inc. S-1 Filing
-----------------------------------------------------------------
S&P Global Ratings revised the outlook to developing from negative
and affirmed its 'CCC' issuer credit rating on PetSmart Inc.

The outlook revision came after PetSmart's subsidiary Chewy Inc.
S&P expressed belief a successful IPO with proceeds used to repay
debt, along with operational improvements at PetSmart, would
increase the possibility for lenders to be repaid at par.

"The outlook revision reflects the evolving potential for PetSmart
to monetize a portion of its Chewy investment, and the possibility
for IPO proceeds to be used to repay debt. We believe this
potential path for debt reduction, in combination with an
improvement in operating performance at PetSmart, would increase
the possibility that the company meets its debt obligations at
par," S&P said.  The rating agency, however, said this would be
dependent on the IPO being completed successfully and PetSmart
receiving sufficient proceeds to materially reduce its debt burden,
adding that the prospects of executing the IPO are uncertain and
the potential for a distressed exchange on instruments within the
capital structure remains possible.

S&P said the developing outlook reflects uncertainty regarding the
potential IPO of Chewy, and that it could raise or lower the rating
depending on the outcome, PetSmart's operating performance, and how
the company chooses to address its capital structure.

"We could lower the rating if we believe it is increasingly
unlikely that lenders will be repaid at par, and a distressed
exchange or other restructuring could occur within six months. In
this scenario, the Chewy IPO is unsuccessful and operating
performance at PetSmart does not improve," S&P said.

"We could raise the rating if we believe the likelihood for lenders
to be repaid at par has increased. This could occur if the Chewy
IPO is successful and generates sufficient proceeds for PetSmart to
pay down debt," S&P said. "Additionally, we would have to believe
PetSmart's performance will improve and generate sustainable cash
flows relative to the company's debt burden."


PHUNWARE INC: Files Amended Form S-1 Registration Statement
-----------------------------------------------------------
Phunware, Inc., has filed with the U.S. Securities and Exchange
Commission a fourth amendment to its Form S-1 registration
statement relating to shares of common stock, par value $0.0001 per
share, of the Company and warrants to purchase common stock.

The securities offered include:

    (i) 1,375,540 outstanding shares of the Company's common
        stock to be sold by selling securityholders;

   (ii) 7,705,556 outstanding shares of the Company's common
        stock to be sold by securityholders;

  (iii) 2,951,741 outstanding shares of the Company's common
        stock issued pursuant to cashless exercises of certain
        outstanding warrants;

   (iv) 184,387 outstanding shares of the Company's common stock
        issued to certain underwriters to be sold by the security
        holders;

    (v) 688,758 outstanding shares of the Company's common stock
        issued upon exercise of Series F warrants of the Company
        to be sold by the security holders;

   (vi) 3,443,854 shares of the Company's common stock issuable
        upon exercise of certain outstanding warrants and certain
        unit purchase options at $11.50 per share (including the
        initial issuance of those shares upon the exercise of
        those warrants and such unit purchase options and the
        subsequent resale by the selling securityholders);

  (vii) 14,866 shares of the Company's common stock issuable upon
        exercise of certain outstanding warrants at $5.53 per
        share (including the initial issuance of those shares
        upon the exercise of those warrants and the subsequent
        resale of all such shares by the selling
        securityholders);

(viii) 377,402 shares of the Company's common stock issuable
        upon exercise of certain outstanding warrants at $9.22
        per share (including the initial issuance of those shares
        upon the exercise of those warrants and the subsequent
        resale of all such shares by the selling
        securityholders); and

   (ix) 10,312,078 outstanding warrants to purchase shares of the
        Company's common stock to be sold by the selling
        securityholders.

The Company is registering the offer and sale of these securities
to satisfy certain registration rights it has granted.  The Company
will not receive any of the proceeds from the sale of the
securities by the selling securityholders.  The Company will
receive proceeds from warrants exercised in the event that such
warrants are exercised for cash.  The Company will pay the expenses
associated with registering the sales by the selling
securityholders.

The Company's common stock is listed on The Nasdaq Capital Market
under the symbol "PHUN", and its warrants are listed on Nasdaq
under the symbol "PHUNW".  On April 29, 2019, the last quoted sale
price for the Company's common stock as reported on Nasdaq was
$8.30 per share and the last quoted sale price for its warrants as
reported on Nasdaq was $1.17 per warrant.

A full-text copy of the amended prospectus is available for free
at: https://is.gd/8QIaR5

                          About Phunware

Headquartered in Austin, Texas, Phunware, Inc. --
http://www.phunware.com/-- claims to be the pioneer of
Multiscreen-as-a-Service (MaaS), a fully integrated enterprise
cloud platform for mobile that provides companies the products,
solutions, data and services necessary to engage, manage and
monetize their mobile application portfolios and audiences globally
at scale.  Phunware helps brands create category-defining mobile
experiences, with more than one billion active devices touching its
platform each month.

Phunware incurred a net loss of $9.80 million in 2018, following  a
net loss of $25.93 million in 2017.  As of Dec. 31, 2018, the
Company had $36.88 million in total assets, $25.67 million in total
liabilities, $5.37 million in redeemable convertible preferred
stock, and $5.82 million in total stockholders' equity.

Marcum LLP, in New York, NY, the Company's auditor since 2017,
issued a "going concern" qualification in its report dated March
19, 2019, on the Company's consolidated financial statements for
the year ended Dec. 31, 2018, citing that the Company has a
significant working capital deficiency, has incurred significant
losses and needs to raise additional funds to meet its obligations
and sustain its operations.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


PINE FOREST: Unsecured Creditors to Get $200 Per Month for 5 Years
------------------------------------------------------------------
Pine Forest Associates LP filed a new small business Chapter 11
plan and accompanying disclosure statement proposing to pay the
secured claim of Bayview a monthly payment of $4,500 beginning on
May 20, 2019, and ending on April 2049, and general unsecured
claims a monthly payment of $200 beginning on May 2019 and ending
on April 2024.

As previously reported by The Troubled Company Reporter, for the
reasons stated orally by the court on the record, the Court ordered
that the court denies approval of the disclosure statement filed by
the Debtor on February 12, 2019, and denies confirmation of the
chapter 11 plan filed by the debtor on that date.  The order is
entered without prejudice to the debtor's right to file a new plan
and a new disclosure statement by the deadline prescribed by 11
U.S.C. Section 1121(e)(2).

A full-text copy of the Disclosure Statement dated April 24, 2019,
is available at https://tinyurl.com/y293lvvg from PacerMonitor.com
at no charge.

Pine Forest Associates LP filed for chapter 11 bankruptcy
protection (Bankr. E.D. Tenn. Case No. 18-15814) on Dec. 31, 2018,
and is represented by Brent James, Esq. of Harris Hartmann Law Firm
PC.


PRADHAN AND COMPANY: Seeks to Hire ComPro as Appraiser
------------------------------------------------------
Pradhan and Company, Inc., seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire a real estate
appraiser.

In an application filed in court, the Debtor proposes to employ
ComPro Consultants, LLC to conduct an appraisal of its gas station
located in Fort Worth, Texas.

ComPro will receive a flat fee of $2,350.

Brad Fees, the firm's appraiser who will be providing the services,
is "disinterested" as defined in Section 101(14) of the Bankruptcy
Code, according to court filings.

The firm can be reached through:

     Brad W. Fees
     ComPro Consultants, LLC
     Phone: (866) 217-6432

                  About Pradhan and Company

Pradhan and Company, Inc., owns and operates a gas station located
at 15151 FAA Boulevard, Fort Worth, Texas.

Pradhan and Company sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 19-40923) on March 4,
2019.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of less than $1 million.  The
case is assigned to Judge Edward L. Morris.  The Debtor tapped
Areya Holder Aurzada, Esq., at Holder Law, as its legal counsel.


PREFERRED CARE: PI Claimants Object to Disclosure Statement
-----------------------------------------------------------
Certain Personal Injury Claimants object to the adequacy of the
Amended Disclosure Statement for Preferred Care Partners Management
Group, L.P. and Kentucky Partners Management, LLC's Amended Joint
Chapter 11 Plan of Liquidation.

The Claimants complain that, while the Disclosure Statement
explains that "Creditor Funds" will be distributed "as pro rata
Distributions" among holders of allowed Class 4.A and 4.B claims,
no information is provided about the amount of "Creditor Funds"
available for distributions.

The Claimants assert that according to the Disclosure Statement,
the Creditor Funds will be established from the Tennyson Settlement
and Equity Settlement proposed under the Plan, and proceeds from
the sale or sales of PCPMG's Management Subsidiaries. The Claimants
complain, no information is provided regarding the amount to be
funded from these sources.

The Claimants point out if indeed tort claimants are required to
first exhaust remedies under the Debtors' insurance policies before
they would be entitled to any distribution under the Plan, then
such information should be clearly and unambiguously stated in the
Disclosure Statement, no such information is, however, provided.

According to the Claimants, the Disclosure Statement is completely
silent with respect to recovery options for tort claimants against
the Debtors' insurance policies.  The Claimants assert that the
Disclosure Statement provides no information about insurance
policies held by the Debtor, which policies will be assumed, and to
what extent tort claimant claims are covered.

The Claimants assert that according to the Disclosure Statement,
the Debtors will reorganize through the Plan by selling ownership
of the Management Subsidiaries and monetizing estate causes of
action against certain Insiders and Affiliates. The Claimants
complain that the Disclosure Statement identifies reserved causes
of action only as: (a) avoidance actions against non-insiders and
Creditors included in class 4, except those released in the Plan;
(b) malpractice claims against any professional who provided
services to or on behalf of the Debtors, including Quintaros,
Prieto, Wood & Boyer, PA; and (c) any and all claims, defenses, or
counterclaims asserted in any pending lawsuits.

According to the Claimants, as is clear from the quoted language,
then, the Debtors seek to sell the equity in the Management
Subsidiaries, including MCON, free and clear of all claims, whether
pre or post-petition. The Claimants assert that this should not be
permitted.

Attorneys for the Personal Injury Claimants:

     James L. Wilkes, II, Esq.
     WILKES & MCHUGH, P.A.
     One North Dale Mabry Highway, Suite 700
     Tampa, FL 33609
     Email: jimw@wilkesmchugh.com

        -- and --

     Colin Esgro, Esq.
     WILKES & MCHUGH, P.A.
     437 Grant Street, Suite 912
     Pittsburgh, PA 15219
     Email: cesgro@wilkesmchugh.com

        -- and --

     Robert E. Salyer, Esq.
     WILKES & MCHUGH, P.A.
     429 North Broadway
     Lexington, KY 40508
     Email: rsalyer@wilkesmchugh.com

Local Counsel for Personal Injury Claimants:

     Michael A. McConnell, Esq.
     Nancy Ribaudo, Esq.
     KELLY HART & HALLMAN LLP
     201 Main Street, Suite 2500
     Fort Worth, Texas 76102
     Tel: (817) 332-2500
     Fax: (817) 878-9774
     Email: michael.mcconnell@kellyhart.com
            nancy.ribaudo@kellyhart.com

                About Preferred Care Partners

Headquartered in Plano, Texas, Preferred Care Partners Management
Group and Kentucky Partners operate skilled nursing care
facilities.

Preferred Care Partners Management Group, L.P., and affiliate
Kentucky Partners Management, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Case No. 17-34296 and 17-34297) on
Nov. 13, 2017.  Travis Eugene Lunceford, manager of general
partner, signed the petition.  The jointly administered cases were
later transferred to the Fort Worth Division and assigned Case No.
17-44741.

Mark Edward Andrews, Esq., Jane Anne Gerber, Esq., and Aaron
Michael Kaufman, Esq., at Dykema Cox Smith, serve as the Debtors'
bankruptcy counsel.

Preferred Care estimated its assets at between $50,000 and
$100,000, and its liabilities at between $10 million and $50
million.  Kentucky Partners estimated its assets at up to $50,000
and its liabilities at between $10 million and $50 million.


PRESSURE BIOSCIENCES: Reveals Succession Plan as CEO's Exit Nears
-----------------------------------------------------------------
Richard T. Schumacher, the founder of Pressure BioSciences, Inc.,
notified the Company's Board of Directors on April 25, 2019 that he
plans to step down as president and CEO effective Sept. 9, 2019.
Mr. Schumacher has been working with the Company's Board of
Directors on leadership succession planning for many months,
including the selection of Bradford A. Young, PhD, MBA, as SVP &
chief commercial officer for the Company in November 2018.  To
facilitate an orderly transition in leadership, the PBI Board of
Directors has identified Dr. Young as their designee to succeed Mr.
Schumacher and will be working closely with Dr. Young to effectuate
this transition.

PBI's Chairman of the Board, Jeffrey N. Peterson, explained, "Since
founding Pressure BioSciences, Ric Schumacher's vision and
leadership have attracted and retained an exceptionally talented
senior management team and support group.  Together they have
positioned the Company's original life sciences sample preparation
business to achieve an enviable level of prominence and recognition
amongst key opinion leaders and in scientific peer-reviewed
literature.  With this business now poised for more rapid growth,
the Company has added two new and potentially much larger growth
opportunities in: (1) supporting protein therapeutics development
and manufacturing, through the December 2017 acquisition of
BaroFold, Inc.'s controlled protein refolding and disaggregation
patented technology, and (2) the innovation of the Company's
patented Ultra Shear Technology, opening up a vast array of market
opportunities from nanoemulsions offering long-term room
temperature stability and improved sensory experience for foods and
other products.  Nanoemulsions also allow for much higher
bioavailability of oil-based nutrients and therapeutics - including
our lead demonstration product area in CBD-infused
nutraceuticals."

Mr. Peterson continued, "The Board believes that the Company is now
positioned for a major growth phase, and we will be working closely
with our investment bankers to complete our capital plans for
funding these exciting growth opportunities, while completing
improvements to our Balance Sheet and allowing the Company to
pursue its planned up-listing to a major US stock exchange (NYSE or
NASDAQ) for access to a much broader investor base.  Given the
scope of our vision and planned activities, coincident with Mr.
Schumacher's announced transition, the Board wished to provide
substantial advance notice of PBI's succession plan, designed to
(i) notify staff, customers, partners, shareholders, and other PBI
stakeholders of this impending change, and (ii) retain the services
of Mr. Schumacher in a senior advisory role for a minimum of one
year from the date of transition.  To that end, Mr. Schumacher has
agreed to continue with the Company during the transition period in
a senior consulting role.  Mr. Schumacher will also continue
serving on the Company's Board of Directors."

Mr. Schumacher said, "PBI was founded on the vision that pressure
– especially ultra-high pressure - could be safely used in the
life sciences area to significantly accelerate the discovery and
development of new drugs, vaccines, and diagnostics, which in turn
could lead to better, higher quality, less expensive, and more
widely available healthcare. My 15 years as CEO has overseen an
exciting, successful, and sometimes challenging journey, as is
often the case when driving market acceptance of paradigm-shifting
technology platforms.  I believe we are very close to achieving
success around the original vision for PBI, and I am extremely
excited over the prospects for our new BaroFold and Ultra Shear
Technology businesses.  Nonetheless, as I will be seventy years old
in August 2020, I have worked closely with the Board to prepare for
a strong and orderly transition in leadership as we enter this new
growth phase.  I am convinced that PBI is now poised for success
thanks to the depth and dedication of our senior management and
support teams.  The addition of Dr. Young to our team has brought
highly relevant scientific experience, knowledge, and vision,
combined with his business acumen and leadership qualities that I
believe will be pivotal in propelling the Company forward for
decades to come."

Dr. Young said, "Ric and the senior management team have done an
impressive job of taking PBI from a dream to a publicly-traded
company with three, innovative platform technologies that harness
the power of pressure for biological research, development and
manufacturing.  I believe that our proprietary, platform
technologies have the potential to create new and improved
biotechnology products and can position the Company for significant
growth and profitability.  I am thrilled to have joined such an
exciting Company, and I look forward to leading the continued
development and commercialization of these innovative platforms."

                    About Pressure Biosciences

South Easton, Massachusetts-based Pressure BioSciences --
http://www.pressurebiosciences.com-- is engaged in the development
and sale of innovative, broadly enabling, pressure-based solutions
for the worldwide life sciences industry.  The Company's products
are based on the unique properties of both constant (i.e., static)
and alternating (i.e., pressure cycling technology) hydrostatic
pressure.  PCT is a patented enabling technology platform that uses
alternating cycles of hydrostatic pressure between ambient and
ultra-high levels to safely and reproducibly control bio-molecular
interactions.

Pressure Biosciences reported a net loss attributable to common
shareholders of $23.47 million for the year ended Dec. 31, 2018,
compared to a net loss attributable to common shareholders of
$10.71 million for the year ended Dec. 31, 2017.  As of Dec. 31,
2018, the Company had $2.39 million in total assets, $8.52 million
in total liabilities, and a total stockholders' deficit of $6.12
million.

MaloneBailey, LLP, in Houston, Texas, the Company's auditor since
2015, issued a "going concern" qualification in its report dated
April 16, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has a
working capital deficit, has incurred recurring net losses and
negative cash flows from operations.  These conditions raise
substantial doubt about its ability to continue as a going
concern.


PRINCETON ALTERNATIVE: May 23 Hearing on Disclosure Statement
-------------------------------------------------------------
A hearing on the adequacy of the Disclosure Statement of Princeton
Alternative Income Fund, LP, will be held before the Honorable
Micheal B. Kaplan on May 23, 2019 at 10:00 a.m. in Courtroom #8,
U.S. Bankruptcy Court, 402 East State Street, Trenton, New Jersey
08608.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/y4bzl4g7 from PacerMonitor.com at no charge.

              About Princeton Alternative

Princeton Alternative Income Fund, LP, provides capital for
businesses that make consumer loans in the non-prime market.

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

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

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

The Debtors tapped JAMS/Hon. Steven Rhodes to provide mediation
services.

Matthew Cantor was appointed as Chapter 11 trustee for the Debtors.
The Trustee tapped Wollmuth Maher & Deutsch LLP as his legal
counsel.


QUOTIENT LIMITED: Gets European CE Mark for Initial IH Microarray
-----------------------------------------------------------------
Quotient Limited has received a CE Mark (Conformite Europeenne) for
its initial Immunohematology (IH) Microarray for use with its CE
Marked MosaiQTM diagnostic platform.

Initial IH Microarray Approval in Europe

Following the successful conclusion of its first EU field trial in
July 2018 and the subsequent submission of the technical dossier
for CE Mark approval in late September 2018, on April 30, 2019, the
Company was informed that it had received CE Mark clearance for its
initial IH Microarray for use in transfusion diagnostics.

Franz Walt, Quotient's chief executive officer, commented, "This is
an important milestone in our Company's evolution from development
into commercialization.  With this critical approval, we can begin
commercialization and can fully interact with customers, allowing
us to demonstrate the significant benefits which MosaiQ will offer
to their laboratory operations.  Moving forward from a development
perspective, our focus is now on menu expansion."

Mr. Walt added, "In line with our product portfolio roadmap, the
next IH microarray will move from development into field trials
shortly, in conjunction with the submission of the clinical data
from our ongoing initial SDS Microarray's European field trial for
CE Mark approval.  Menu expansion plans also include a third-party
evaluation of our novel approach to Molecular Disease Screening
which we plan to complete later this year.  The clearance for our
initial IH Microarray will also allow us to issue an additional $25
million of our 12% Senior Secured Notes due 2024, which we expect
to occur later this month."

                    About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited is a
commercial-stage diagnostics company committed to reducing
healthcare costs and improving patient care through the provision
of innovative tests within established markets.  With an initial
focus on blood grouping and serological disease screening, Quotient
is developing its proprietary MosaiQTM technology platform to offer
a breadth of tests that is unmatched by existing commercially
available transfusion diagnostic instrument platforms.  The
Company's operations are based in Edinburgh, Scotland; Eysins,
Switzerland and Newtown, Pennsylvania.

Quotient reported a net loss of $82.33 million for the year ended
March 31, 2018, compared to a net loss of $85.06 million for the
year ended March 31, 2017.  As of Dec. 31, 2018, the Company had
$190.76 million in total assets, $166.11 million in total
liabilities, and $24.65 million in total shareholders' equity.

The report from the Company's independent accounting firm Ernst &
Young LLP, in Belfast, United Kingdom, the Company's auditor since
2007, on the consolidated financial statements for the year ended
March 31, 2018, contains a "going concern" explanatory paragraph.
The auditor stated that the Company has recurring losses from
operations and planned expenditure exceeding available funding, and
has stated that substantial doubt exists about the Company's
ability to continue as a going concern.


REALTEX CONSTRUCTION: Unsecureds to Get 10-50% Under New Plan
-------------------------------------------------------------
Realtex Construction, LLC, filed an amended Disclosure Statement
explaining its second amended Plan of liquidation proposing a 10%
to 50% recovery to holders of general unsecured creditors.

The Plan is a plan of liquidation, under which the assets of the
Debtor and the Estate will be liquidated and the proceeds used to
pay creditors.  Deyoe, one of the owners of the Debtor and the
person in control of the Debtor, contributes $250,000 in cash under
the Plan, for and in exchange of the release of the Debtor's and
the Estate's alter ego, single business enterprise, and other veil
piercing claims, which claims, if the Plan is confirmed, are
extinguished and may not thereafter be pursued by any creditor.
Additionally, Deyoe contributes various partnership interests he
owns in various non-debtor partnerships, for the benefit of
satisfying those claims that he validly guaranteed.

The Plan also creates a trust, into which all remaining assets of
the Debtor and the Estate are transferred, excluding the released
alter ego and similar claims. The largest of these assets will be
potential constructive fraudulent transfer claims and insider
preference claims against an insider, Realtex Development
Corporation.

It is difficult for the Debtor to estimate what the recovery to
unsecured creditors under the Plan will be, primarily because of
the presence of several disputed multi-million dollar claims that
have not been finally adjudicated and that would share pro rata in
all plan distributions. The Debtor's best estimate of potential
recoveries to unsecured, non-guaranteed creditors is between 10% to
50%, with the lower range of the estimate being more likely than
the higher range.  The Debtor believes that unsecured claims with
valid guarantees from Deyoe will be paid 100%.  The Debtor believes
that all unsecured creditors are better off under the Plan than
under a liquidation to Chapter 7, because the Plan provides for the
contribution of non-debtor assets towards the repayment of
creditors, which would not occur in Chapter 7, while saving many of
the delays, expenses, and burdens that would be involved in Chapter
7 to potentially arrive at a lesser result.

From the $250,000 Plan Funding, the Liquidating Trustee may set
aside up to $50,000, referred to as the Seed Funds, to pay himself
and any professionals to investigate, prosecute, and collect on
claims and causes of assets transferred to the Liquidating Trustee.
Any such Seed Funds not used are to be distributed to trust
beneficiaries as Wind Down Payments.

A full-text copy of the Amended Disclosure Statement dated April
18, 2019, is available at https://tinyurl.com/y2a6m7ke from
PacerMonitor.com at no charge.

A redlined version of the Amended Disclosure Statement dated April
18, 2019, is available at https://tinyurl.com/y6dhadou from
PacerMonitor.com at no charge.

The Amended Disclosure Statement was filed by Davor Rukavina, Esq.,
Jay H. Ong, Esq., Thomas D. Berghman, Esq., and Julian P. Vasek,
Esq., at Munsch Hardt Kopf & Harr, P.C., in Dallas, Texas, on
behalf of the Debtors.

               About Realtex Construction

Realtex Construction, LLC, based in Austin, TX, filed a Chapter 11
petition (Bankr. W.D. Tex. Case No. 18-11300) on Oct. 8, 2018.  In
the petition signed by Rick Deyoe, president, the Debtor estimated
$1 million to $10 million in assets and liabilities.  Davor
Rukavina, Esq., at Munsch Hardt Kopf & Harr, P.C., serves as
bankruptcy counsel to the Debtor.


REDIGI INC: Capitol Records Objects to Disclosure Statement
-----------------------------------------------------------
Capitol Records, LLC, Capitol Christian Music Group, Inc. and
Virgin Records IR Holdings, Inc., object to the adequacy of the
Disclosure Statement for the Amended Plan of Reorganization of
ReDigi Inc.

According to Capitol, the Disclosure Statement and Projections fail
to include any historical financial data, and are completely
misleading by failing to acknowledge that the Debtor has never had
any significant revenue.

Capitol points out the Debtor presently has less than $500 in cash,
so the only source of funding for the Plan is the Exit Financing
but the Disclosure Statement has precious little to say about this
critical matter. Capitol further points out it merely refers to the
influx of $500,000 at confirmation as "exit financing," but never
discusses what its terms are.

The Creditors must be able to evaluate whether the Debtor can
service the debt it will presumably incur as part of the Exit
Financing transaction. Capitol asserts that reference to the
agreements is not enough, the Debtor instead must "write a
disclosure statement in plain English, with full sentences, in a
way that explains the most basic aspects of the proposed plan and
creditor distributions."

According to Capitol, the Debtor is in chapter 11 largely because
it operations flagrantly violated the Copyright Act.

Capitol complains that the Debtor must state plainly that this
"verification system" does not presently exist, and it must explain
how it will "build" this apparently bespoke system with its
obviously limited resources to begin earning the sales revenue by
the timetable in the Projections.

Capitol points out that the Debtor has already lost the Copyright
Litigation at both the District Court and Court of Appeals levels.

Attorney for Capitol:

     Terence G. Banich, Esq.
     FOX ROTHSCHILD LLP
     321 N. Clark St., Ste. 800
     Chicago, IL 60654
     Tel: (312) 980-3859
     Email: tbanich@foxrothschild.com

                    About ReDigi Inc.

ReDigi Inc. filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
16-20809) on August 3, 2016.  The petition was signed by John Mark
Ossenmacher, CEO.  At the time of the filing, the Debtor had $250
in total assets and $6,590,000 in total liabilities.

The Debtor employed Shraiberg, Landau & Page, P.A. as bankruptcy
counsel, and Baker & Hostetler LLP as special counsel.

No official committee of unsecured creditors has been appointed.


RIOT BLOCKCHAIN: Amends Prospectus for $100M Securities Offering
----------------------------------------------------------------
Riot Blockchain Inc. has filed with the U.S. Securities and
Exchange Commission an amended Form S-3 registration statement
relating to the offering of its common stock, preferred stock,
warrants, units or a combination of these securities for an
aggregate initial offering price of up to $100,000,000.

The Company's common stock is currently traded on the NASDAQ
Capital Market under the symbol "RIOT."  On May 1, 2019, the last
reported sales price for the Company's common stock was $4.71 per
share.  The Company will apply to list any shares of common stock
sold by it under this prospectus and any prospectus supplement on
the NASDAQ Capital Market.  The prospectus supplement will contain
information, where applicable, as to any other listing of the
securities on the NASDAQ Capital Market or any other securities
market or exchange covered by the prospectus supplement.

A full-text copy of the Fourth Amended Prospectus is available for
free from the SEC's website at https://is.gd/6t52b3.

                      About Riot Blockchain

Headquartered in , Castle Rock, Colorado, Riot Blockchain --
http://www.RiotBlockchain.com/-- is focused on building,
operating, and supporting blockchain technologies.  Its primary
operations consist of cryptocurrency mining, targeted development
of a cryptocurrency exchange, and the identification and support of
innovations within the sector.

Riot Blockchain reported a net loss of $60.21 million in 2018,
following a net loss of $19.97 million in 2017.  As of Dec. 31,
2018, the Company had $13.86 million in total assets, $9.36 million
in total liabilities, and $4.49 million in total stockholders'
equity.

Marcum LLP, in New York, the Company's auditor since 2018, issued a
"going concern" qualification in its report dated  April 2, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, citing that the Company has a significant
working capital deficiency, has incurred significant losses, and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


RIOT BLOCKCHAIN: S-3 Registration Statement Declared Effective
--------------------------------------------------------------
Effective at 9:00 a.m., New York City time on April 29, 2019, the
U.S. Securities Exchange Commission declared effective the
Registration Statement on Form S-3, as amended, filed by Riot
Blockchain, Inc. for the resale of the common shares underlying the
rights issued in connection with the Jan. 28, 2019 convertible
notes private placement first reported by the Company on Feb. 1,
2019.  The Private Placement included, among other provisions, a
requirement that the underlying common shares be registered for
resale with the SEC and, with this notice of effectiveness, that
requirement has been fulfilled.

The Prospectus relates to the resale or other disposition from time
to time of up to 4,810,504 shares of Riot Blockchain common stock,
no par value per share, by Oasis Capital, LLC, Harbor Gates
Capital, LLC, and SG3 Capital, LLC.

Riot Blockchain issued a series of Senior Secured Convertible
Promissory Notes to Oasis Capital, LLC, Harbor Gates Capital, LLC,
and SG3 Capital, LLC in the aggregate principal amount of
$3,358,333, and an equal value of Warrants for the purchase of
shares of our common stock.  The Notes are convertible into shares
of the Company's common stock at any time after the Effective Date,
provided, however, that at no time will the Company be required to
issue Conversion Shares in excess of the aggregate number of shares
of the Company's common stock that it may issue without breaching
the Company's obligations under the rules or regulations of the
NASDAQ Capital Market.

                    About Riot Blockchain

Headquartered in , Castle Rock, Colorado, Riot Blockchain --
http://www.RiotBlockchain.com-- is focused on building, operating,
and supporting blockchain technologies.  Its primary operations
consist of cryptocurrency mining, targeted development of a
cryptocurrency exchange, and the identification and support of
innovations within the sector.

Riot Blockchain reported a net loss of $60.21 million in 2018,
following a net loss of $19.97 million in 2017.  As of Dec. 31,
2018, the Company had $13.86 million in total assets, $9.36 million
in total liabilities, and $4.49 million in total stockholders'
equity.

Marcum LLP, in New York, NY, the Company's auditor since 2018,
issued a "going concern" qualification in its report dated  April
2, 2019, on the Company's consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has a significant
working capital deficiency, has incurred significant losses, and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


ROSEGARDEN HEALTH: Trustee Taps Senior Living Investment as Broker
------------------------------------------------------------------
Jon Newton, the Chapter 11 trustee for The Rosegarden Health and
Rehabilitation Center, LLC and Bridgeport Health Care Center, Inc.
received approval from the U.S. Bankruptcy Court for the District
of Connecticut to hire Senior Living Investment Brokerage as
broker.

The services to be provided by Senior Living include marketing the
assets of Bridgeport.  The firm will get a commission of 4 percent
of the gross sales price.

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

The firm can be reached through:

     Toby Siefert
     Senior Living Investment Brokerage
     490 Pennsylvania Avenue
     Glen Ellyn, IL 60137
     630.858.2501 x 235
     630.988.0345
     Email: siefert@slibinc.com

                   About The Rosegarden Health and
                      Rehabilitation Center LLC

Located in Waterbury, Connecticut, Bridgeport Health Care Center
and The Rosegarden Health and Rehabilitation Center LLC --
http://www.bridgeporthealthcarecenter.com/-- provide long and
short-term nursing care and rehabilitation services.  Bridgeport
offers nursing care, Alzheimer's care, rehab/physical therapy,
wound care, dietary, respite care, and hospice care. Rosegarden
services include 24-hour nursing care, APRN on Staff,
short-term/long-term rehab, physical therapy, speech therapy,
occupational therapy, IV therapy/medical/incontinence management,
CPAP/BIPAP/tracheotomy care, podiatry; dental, audiology services,
respiratory care, among others.

Bridgeport Health Care and Rosegarden sought Chapter 11 protection
(Bankr. D. Conn. Case Nos. 18-50488 and 18-30623, respectively) on
April 18, 2018.  In the petitions signed by their chief financial
officer, Chaim Stern, Bridgeport estimated assets and liabilities
of less than $50 million, and Rosegarden Health estimated assets
and liabilities of less than $10 million.

The Hon. Julie A. Manning is the case judge.  

Richard L. Campbell, Esq., at White and Williams LLP, serves as the
Debtors' counsel.

William K. Harrington, the United States Trustee for Region 2,
appointed Joseph J. Tomaino as patient care ombudsman in the cases.
The PCO hired Barbara H. Katz, as counsel.

Jon Newton was appointed as Chapter 11 trustee for the Debtors.
The Trustee is represented by Reid and Riege, P.C.


ROSEGARDEN HEALTH: Trustee's Sale/Disposal of Vehicles Approved
---------------------------------------------------------------
Judge Ann M. Nevims of the U.S. Bankruptcy Court for the District
of Connecticut authorized the private sale by Jon Newton, the
Chapter 11 Trustee for the jointly administered estates of The
Rosegarden Health and Rehabilitation Center LLC, and Bridgeport
Health Care Center Inc., of the following vehicles: (i) 1996
Mitsubishi Box Truck, VIN JW6AAEIHOTL002837; (ii) 2003 Toyota
Avalon Sedan, VIN 4T1BF28B13U294171; and (iii) 2009 Cadillac CTS
Sedan, VIN 1G6DT57V390126702; and authorized him to otherwise
dispose of such Vehicles should a sale not prove feasible.

A hearing on the Motion was held on May 1, 2019.

The Order will be effective as of the date of the Order and the
stay provided in Bankruptcy Rule of Procedure 6004(g) is waived.

                  About The Rosegarden Health and
                    Rehabilitation Center LLC

Located in Waterbury, Connecticut, Bridgeport Health Care Center
and The Rosegarden Health and Rehabilitation Center LLC --
http://www.bridgeporthealthcarecenter.com/-- provide long and  
short-term nursing care and rehabilitation services.  Bridgeport
offers nursing care, Alzheimer's care, rehab/physical therapy,
wound care, dietary, respite care, and hospice care.  Rosegarden
services include 24-hour nursing care, APRN on Staff,
short-term/long-term rehab, physical therapy, speech therapy,
occupational therapy, IV therapy/medical/incontinence management,
CPAP/BIPAP/tracheotomy care, podiatry; dental, audiology services,
respiratory care, among others.

Bridgeport Health Care and Rosegarden sought Chapter 11 protection
(Bankr. D. Conn. Case Nos. 18-50488 and 18-30623, respectively) on
April 18, 2018.  In the petitions signed by their chief financial
officer, Chaim Stern, Bridgeport estimated assets and liabilities
of less than $50 million, and Rosegarden Health estimated assets
and liabilities of less than $10 million.

The Hon. Julie A. Manning is the case judge.  

Richard L. Campbell, Esq., at White and Williams LLP, serves as the
Debtors' counsel.

William K. Harrington, the United States Trustee for Region 2,
appointed Joseph J. Tomaino as patient care ombudsman in the cases.
The PCO hired Barbara H. Katz, as counsel.

Jon Newton was appointed Chapter 11 trustee for the Debtors.  The
Trustee is represented by Reid and Riege, P.C.


SAMSON OIL: Files ASX Quarterly Report for Period Ended March 31
----------------------------------------------------------------
Samson Oil & Gas Limited filed its Australian Stock Exchange (ASX)
quarterly report for the three months ended March 31, 2019.

At the beginning of the period, Samson Oil had $1.75 million in
cash.  Net cash used in operating activities was $829,000.  As a
result, cash and cash equivalents at end of period was $953,000.

Average net production for the quarter ended March 31, 2019 was 524
barrels of oil equivalent per day, down 28% from the quarter ended
Dec. 31, 2018 of 726 barrels of oil equivalent per day (production
numbers are based on barrels sold and doesn't include movements in
oil tank inventory).

Current 30 day production rate (as at April 2019), is averaging 822
BOPD (on a gross Operated basis) and approximately 598 BODP net to
Samson.  This increase from March quarter is due to weather
improvements which brought wells, previously shut in due to weather
conditions, back on line.

On April 9, Samson Oil and Gas, USA, Inc., a wholly owned
subsidiary of Samson oil and Gas Limited closed a $33.5 million
refinancing with AEP I FINCO LLC.  The new facility has a 5 year
term and an interest rate of LIBOR + 10.5%.  The proceeds of the
new debt facility will be used to retire the existing line of
credit, repay outstanding creditors and to provide working capital
to pursue an infill drilling program.

Infill Development

As a consequence of the recent refinancing, the Company has
embarked on an infill development program.  This program is
expected to commence in late April 2019, with the drilling of the
first Gonzales Proved Undeveloped (PUD) location.  The drilling
program is designed to drill two horizontal laterals from the
existing Gonzales #1-8H well bore.  This well has a 5 1/2 inch
casing set horizontally at 9,711ft. MD within the objective
Ratcliffe Formation.  The existing development consists of a single
5,300ft. lateral with a single 640 acre spacing unit.  The two new
well bores will be directionally drilled to access the balance of
the 640 acre spacing unit.

The initial two laterals at the Gonzales location will be drilled
by PowerDrill's rig #101. Samson has run an inflatable packer to a
depth of 10,411ft. (measured depth) and will commence injection of
produced water in 24 hours, after the packer has time to inflate.
This water injection is aimed at establishing additional reservoir
pressure that will aid the directional drilling operation.

The ability to drill out of an existing wellbore has made the
economics of these development wells extremely attractive, with an
estimated drilling cost around $0.5 million and the resulting
ability to use existing surface facilities associated with the
existing well.

The estimated net present value of each lateral is $1.2 million,
representing a rate of return of 340%.  The recent appreciation in
the price of crude has added considerable value to this and future
drilling opportunities.

The next 12 months will see a total of eight similar lateral wells
to the Gonzales wells drilled within the Home Run Field, which is
the largest (by area) of the oil fields in Samson's portfolio.
Samson has the ability to dispose of the produced water within a
pressure maintenance facility that it owns in the adjacent Mays
well, minimizing one of the significant costs of production.
Samson has in its portfolio a total of 26 PUD locations that will
provide an excellent growth platform.  The debt funding that has
been achieved in this transaction will provide sufficient working
capital to initiate and maintain the planned development drilling
program.

Hedging

Samson has entered into a series of hedges for 767,084 bbl of crude
oil production for the next four years at an average price of
$55.45/bbl and for 240,000 MMcf of natural gas costless collars
with a weighted average put at $2.53 per MMBTU and a weighted
average of call of $2.77 per MMBTU.  A price point between the out
and then call no settlement is due.

At a current oil price of $66.32 the mark to market value for the
oil swaps is a negative $.8.3 million and the gas cost less collars
have a positive value of $30,000.

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

                        https://is.gd/6I4WDL

                          About Samson Oil
       
Samson Oil & Gas Limited -- http://www.samsonoilandgas.com/-- is
an independent energy company primarily engaged in the acquisition,
exploration, exploitation and development of oil and natural gas
properties.  Its principal business is the exploration and
development of oil and natural gas properties in the United States.
The Company's registered office is located at Level 16, AMP
Building, 140 St Georges Terrace, Perth, Western Australia 6000.
Its principal office in the United States is in Denver, Colorado.

Samson Oil incurred a net loss of $6.03 million for the year ended
June 30, 2018, following a net loss of $2.76 million for the year
ended June 30, 2017.  As of Dec. 31, 2018, the Company had $34.98
million in total assets, $38.97 million in total liabilities, and a
total stockholders' deficit of $3.99 million.

Moss Adams LLP, in Denver, Colorado, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
Oct. 15, 2018, on the Company's consolidated financial statements
for the year ended June 30, 2018, stating that the Company is in
violation of its debt covenants, has suffered recurring losses from
operations, and its current liabilities exceed its current assets.
These conditions raise substantial doubt about its ability to
continue as a going concern.


SAMSON OIL: Will Seek ASX Approval to Resume Trading
----------------------------------------------------
As previously advised, Samson Oil and Gas Limited, through its U.S.
operating subsidiary, closed a US$33.5 million refinancing
transaction effective April 9, 2019.

The proceeds of the financing were used to repay existing
indebtedness, satisfy outstanding creditors and provide working
capital to pursue an infill development drilling program.

As a result of the refinancing, Samson's financial position has
improved.  Samson therefore plans to seek the ASX's approval to
permit the resumption of trading of the Company's ordinary shares
on that exchange.

Samson will file its report on Form 10-Q for the quarter ended
March 31, 2019, with the SEC on or before May 15th, 2019.  This
report includes both a Balance Sheet and Profit and Loss Statement.
The Company intends to provide that report, along with documents
relating to the financing and pro forma financial information
reflecting the effect of the transaction on its financial
condition, to the ASX for their consideration.

                       About Samson Oil
       
Samson Oil & Gas Limited -- http://www.samsonoilandgas.com/-- is
an independent energy company primarily engaged in the acquisition,
exploration, exploitation and development of oil and natural gas
properties.  Its principal business is the exploration and
development of oil and natural gas properties in the United States.
The Company's registered office is located at Level 16, AMP
Building, 140 St Georges Terrace, Perth, Western Australia 6000.
Its principal office in the United States is in Denver, Colorado.

Samson Oil incurred a net loss of $6.03 million for the year ended
June 30, 2018, following a net loss of $2.76 million for the year
ended June 30, 2017.  As of Dec. 31, 2018, the Company had $34.98
million in total assets, $38.97 million in total liabilities, and a
total stockholders' deficit of $3.99 million.

Moss Adams LLP, in Denver, Colorado, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
Oct. 15, 2018, on the Company's consolidated financial statements
for the year ended June 30, 2018, stating that the Company is in
violation of its debt covenants, has suffered recurring losses from
operations, and its current liabilities exceed its current assets.
These conditions raise substantial doubt about its ability to
continue as a going concern.


SAN JUAN ICE: June 5 Plan and Disclosure Statement Hearing Set
--------------------------------------------------------------
Bankruptcy Judge Mildred Caban Flores conditionally approved San
Juan Ice, Inc.'s small business third amended disclosure statement
in support of its amended plan dated April 23, 2019.

Acceptances or rejections of the Amended Plan, and any objection to
the final approval of the Amended Disclosure Statement and/or the
confirmation of the Amended Plan may be filed in writing 14 days
prior to the date of the hearing on confirmation of the Plan.

A hearing for the consideration of the final approval of the
Amended Disclosure Statement and the confirmation of the Amended
Plan will be held on June 5, 2019, at 9:00 AM, at the U.S.
Bankruptcy Court, José V. Toledo U.S. Post Office and Courthouse
Building, 300 Recinto Sur Street, Courtroom 3, Third Floor, San
Juan, Puerto Rico.

The amended plan discloses that the Debtor will object to
duplication of claims made by creditor, Rafaela De La Cruz, and an
erroneous claim amount in claim #7 by PR Labor Department. Debtor
will avoid secured and judicial lien claims pursuant to 11 USC,
section 547 filed by creditor, Carmen Pena and Rafaela De La Cruz.


A copy of the Third Amended Disclosure Statement is available at
https://tinyurl.com/yxwjrqx9 from Pacermonitor.com at no charge.

                   About San Juan Ice, Inc.

San Juan Ice Inc., based in San Juan, PR, filed a Chapter 11
petition (Bankr. D.P.R. Case No. 18-01784) on April 3, 2018.  In
the petition signed by Ramiro Rodriguez Pena, president, the Debtor
disclosed $580,495 in assets and $1.17 million in liabilities.  The
Hon. Mildred Caban Flores presides over the case.  Robert Millan,
Esq., at Millan Law Offices, serves as bankruptcy counsel.


SOUTHEASTERN GROCERS: May 30 Plan Hearing on Warehouse Plan
-----------------------------------------------------------
On March 27, 2018, Southeastern Grocers, LLC, and its debtor
affiliates filed the Joint Prepackaged Chapter 11 Plan of
Reorganization and the Disclosure Statement.  On May 14, 2018, the
Bankruptcy Court entered the Findings of Fact, Conclusions of Law,
and Order (I) Approving Debtors' (A) Disclosure Statement (B)
Solicitation of Votes and Voting Procedures and (C) Form of
Ballots, and (II) Confirming Amended Joint Prepackaged Plan (Other
than Winn-Dixie Warehouse Leasing, LLC) confirming the Prepackaged
Plan as to all Debtors other than Winn-Dixie Warehouse Leasing,
LLC.  The effective date of the Prepackaged Plan occurred on May
31, 2018 as to all Debtors other than Winn-Dixie Warehouse.

Solely with respect to Winn-Dixie Warehouse, a combined hearing to
consider (a) the adequacy of (i) the Disclosure Statement and (ii)
the solicitation procedures and (b) confirmation of the Prepackaged
Plan and any objections, will be held on May 30, 2019 at 10:30 a.m.
(Prevailing Eastern Time).

Any objections to the Disclosure Statement, the Solicitation
Procedures, and/or confirmation of the Prepackaged Plan be filed
and served no later than May 23, 2019 at 4:00 p.m. (Prevailing
Eastern Time).

Brett M. Haywood, Esq., Daniel J. DeFranceschi, Esq., Paul N.
Heath, Esq., and Amanda R. Steele, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware; and Ray C. Schrock, P.C.,
Esq., Matthew S. Barr, Esq., and Sunny Singh, Esq., at Weil,
Gotshal & Manges LLP, in New York, represent the Debtors.

                 About Southeastern Grocers

Southeastern Grocers, LLC, (SEG), the parent company and home of
BI-LO, Fresco y Mas, Harveys Supermarket and Winn-Dixie grocery
stores, is one of the largest conventional supermarket companies in
the U.S. SEG grocery stores, liquor stores and in-store pharmacies
serve communities throughout the seven southeastern states of
Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina
and South Carolina. BI-LO, Fresco y Mas, Harveys Supermarket and
Winn-Dixie are well known and well-respected regional brands with
deep heritages, strong neighborhood ties, proud histories of giving
back, talented and caring associates and strong commitments to
providing the best possible quality and value to customers.  Their
Web sites are http://www.bi-lo.com/,http://www.frescoymas.com/,
http://www.harveyssupermarkets.com/and http://www.winndixie.com/
BI-LO and its affiliates filed for Chapter 11 bankruptcy protection
on March 23, 2009 (Bankr. D. S.C. Case No. 09-02140).  BI-LO
emerged from bankruptcy in May 2010 with Lone Star Funds remaining
as majority owner.

Winn-Dixie Stores, Inc., sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 05-11063, transferred April 14, 2005, to Bankr.
M.D. Fla. Case Nos. 05-03817 through 05-03840) on Feb. 21, 2005.

In December 2011, BI-LO Holdings signed a deal to acquire all of
the outstanding shares of Winn-Dixie Stores stock in a merger.
Holdings was later renamed Southeastern Grocers.

On March 27, 2018, Southeastern Grocers, LLC, and 26 affiliated
debtors sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
18-10700).  SEG commenced Chapter 11 cases to seek confirmation of
a prepackaged chapter 11 plan that will cancel their unsecured
notes in exchange for 100% of the equity of the reorganized
company.

The Debtors have requested joint administration of the cases.  The
Honorable Mary F. Walrath oversees the cases. Weil, Gotshal &
Manges LLP is serving as legal counsel to the Debtors, Evercore is
serving as their investment banker, and FTI Consulting Inc. as
restructuring advisor.  Prime Clerk LLC is the claims and noticing
agent and administrative advisor.

Morrison & Foerster LLP is serving as legal counsel and Moelis &
Company LLC is serving as financial advisor to an ad hoc group of
holders of Unsecured Notes and 9.25% Senior Secured Notes due 2019.


SPECIALTY RETAIL: Committee Objects to Disclosure Statement
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Specialty Retail
Shops Holding Corp., et al., files this objection to the Debtors'
Motion for Entry of an Order (I) Extending the Debtors' Exclusive
Periods to File a Chapter 11 Plan and Solicit Acceptances and (II)
Granting Related Relief.

According to the Committee, the Motion presents no more than
conclusory statements that some of those factors are met in these
cases; the Motion makes no attempt at showing that an extension of
exclusivity would promote any probable success for reorganization,
as there is none.

The Committee asserts while the Debtors' cases are large, the
Debtors' operations are neither so "huge" nor their financial
structure so "complex" that they are unable to formulate a plan of
reorganization, indeed, the Debtors have already formulated and
filed three plans in these cases, the first one on the Petition
Date.

The Committee points out that the Debtors filed their plan on the
Petition Date and the Committee was appointed two days later. The
Debtors have had three months to engage in plan negotiations with
the Committee; they have refused to do so.

The Committee further points out that the Debtors have also
withheld information concerning the Plan releases.

According to Committee, the events that have transpired since
filing the Plan show that there will be no reorganization in these
cases, the Debtors failed to receive any going concern bids or a
Plan Sponsor and have shifted their operating plan to a full chain
liquidation; there will be no business to reorganize.

Committee points out that the Debtors do not need additional
exclusivity periods to progress towards reorganization -- that ship
has sailed, the tasks remaining in these cases -- monetizing
remaining assets and addressing claims -- can be accomplished by a
chapter 7 trustee without giving away substantial value by
releasing insider claims.

The Committee complains while the Debtors have had no prior
extensions of plan exclusivity, they have misused their statutory
exclusivity period to coerce creditors by propounding three
separate plans, each of which violates the provisions of the
Bankruptcy Code and grants improper third-party releases.

The Committee asserts that the Debtors are intent on getting
releases for Sun Capital, against whom the estate holds valuable
claims, for no consideration, eviscerating the primary avenue for a
recovery to general unsecured creditors.

The Committee points out that the Debtors cannot implement a
reorganization and their business will not survive after their
full-scale GOB sales are completed.

The Committee further points out that the Plan cannot be confirmed
for several reasons, chief amongst which is that the Debtors have
no means to fund the Plan, and, accordingly, will not be able to
prove that the best interests of creditors' test can be met, or
that administrative and priority claims can be paid in full in cash
as and when required under section 1129(a)(9) of the Bankruptcy
Code.

According to the Committee, it is equally clear that the proposed
Debtors' Releases are not "integral" but are entirely unnecessary
to effectuate the Plan. The Debtors are liquidating the vast
majority of their assets pursuant to the Plan through a chain wide
GOB sale.

The Committee points out that the Debtors made their plan proposal
to all of the major creditor constituencies not once, not twice,
but three times through the Initial Plan, the First Amended Plan,
and the Second Amended Plan. The Committee further points out that
by the Debtors' own words, "the Terms of the Plan have not
changed," underscoring the fundamental problem in these cases.

Counsel for the Official Committee of Unsecured Creditors are
Robert J. Feinstein, Esq., and Bradford J. Sandler, Esq., at
Pachulski Stang Ziehl & Jones LLP, in New York; Jeffrey N.
Pomerantz, Esq., at Pachulski Stang Ziehl & Jones LLP, Los Angeles,
California; and Elizabeth M. Lally, Esq., and Joel Carney, Esq., at
Goosman Law Firm, PLC, Omaha, Nebraska.

                 About Specialty Retail Shops

Specialty Retail Shops Holding Corp. and its affiliates are engaged
in the sale of general merchandise including clothing, accessories,
electronics, and home furnishings, as well as company-operated
pharmacy and optical services departments.  They are headquartered
in Green Bay, Wisconsin, and operate 367 stores in 25 states
throughout the United States as well as e-commerce operations.
They currently employ approximately 14,000 people throughout the
United States.

Specialty Retail Shops Holding and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Lead Case
No. 19-80064) on Jan. 16, 2019.  At the time of the filing, the
Debtors estimated assets of $500 million to $1 billion and
liabilities of $1 billion to $10 billion.

The cases are assigned to Judge Thomas L. Saladino.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel; McGrath North
Mullin & Kratz, P.C. LLO as local counsel; Houlihan Lokey Capital,
Inc., as investment banker; Berkeley Research Group, LLC, as
restructuring advisor; Hilco Real Estate, LLC as real estate
consultant; Willkie Farr & Gallagher LLP as special counsel; Ducera
Partners LLC as financial advisor; and Prime Clerk LLC as notice
and claims agent.

A seven-member panel has been appointed as official unsecured
creditors committee in the cases.  The Committee retained as
counsel Pachulski Stang Ziehl & Jones LLP and Goosman Law Firm,
PLC, in Omaha, Nebraska.


SPN INVESTMENTS: $196K Sale of All Assets to Summit Approved
------------------------------------------------------------
Judge Erithe Smith of the U.S. Bankruptcy Court for the Central
District of California authorized SPN Investments, Inc. and SPN IP,
LLC, to sell substantially all of their intellectual property
assets, customer lists, and business goodwill, to Summit Ridge
Industries, Inc. for $195,740.

A hearing on the Motion was held on April 23, 2019 at 10:00 a.m.

The sale is "as is, where is," without representations or
warranties; and free and clear of any and all liens, claims,
interest and encumbrances, including, without limitation, all
claims, interests, liens and encumbrances of the International
Association of Amusement Parks and Attractions.

SPN Investments is authorized to assume the Customer Contracts
described in the Motion and assign such contracts to Summit Ridge.
No cure amounts are owed in connection with the Customer
Contracts.

The 14-day stay provided by Federal Rules of Bankruptcy Procedure
6004(h) is waived on condition that Debtor files a declaration
and/or amended proof of service showing proper and timely service
to creditor Ajay Patel.

                      About SPN Investments

SPN Investments Inc., d/b/a eInflatables, is a manufacturer of
sporting and athletic goods, including sports and fitness
equipment.  eInflatables offers a selection of inflatable play
structures, including water slides, dry slides, wet & dry Slides,
combo units, obstacle courses, inflatable games, bouncers and
more.

SPN Investments Inc. filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 19-10893) on March 12, 2019.  In the petition signed by
CEO Valentina Troshchiy, the Debtor estimated
up to $50,000 in assets and $1 million to $10 million in
liabilities.  The case is assigned to Judge Erithe A. Smith.
Jeffrey S. Shinbrot, Esq., at Jeffrey S. Shinbrot, APLC, is the
Debtor's counsel.


STONEGATE LANDING: $125K Sale of North Dighton Property Approved
----------------------------------------------------------------
Judge Melvin S. Hoffman of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Stonegate Landing, LLC's sale
of its right, title and interest in real property consisting of the
parcel of land with the buildings thereon known and numbered as
Vacant Lot, at Lot #3, Stonegate Landing, North Dighton,
Massachusetts to David S. Dmitruk, III for $125,000, on June 10,
2019, unless otherwise extended by agreement.

The sale is free and clear of all liens, claims and encumbrances.

The Debtor will pay first from the proceeds of the sale the
following obligations and expenses which are incident to the
closing as set forth in the Supplemental Response and which are
ordinary and usual costs of sale as follows: (i) Real Estate
Broker's commission - $3,750; (ii) MA State Tax/Stamps - $570;
(iii) MA Recording Fees - $130; and (iv) Property Taxes for Lot 3
to the closing date - $4,966 (approx.).

The Debtor will pay second from the proceeds of the sale, the
following sums on account of construction of the Sewer Pump Station
upon providing to Mechanics Cooperative Bank copies of the contract
or invoices or application documents evidencing the costs for: (i)
Town of Dighton outside consultant - $7,500; and (ii) Town Permit
Fee - $1,450.

The Debtor will pay the remaining balance of the sale proceeds to
Mechanics Cooperative Bank which will be in the approximate sum of
$106,634 on the closing date which sums will be applied to the
Notes in the order of priority of the mortgages securing the Notes
and in accordance with state law.

All sums paid as set forth will be reflected on the HUD-1 executed
at the closing and a copy will be provided to Mechanics Cooperative
Bank.    

A copy of the order may be recorded in the Bristol County North
Registry of Deeds which will serve as prima facie evidence that the
sale of the Property is free and clear of all liens, claims and
encumbrances.

                    About Stonegate Landing

Stonegate Landing LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 18-14383) on Nov. 27,
2018.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of less than $1 million.
Judge Melvin S. Hoffman is the case judge.  Parker & Associates is
the Debtor's legal counsel.


STONEMOR PARTNERS: Axar Capital Has 20.3% Stake as of April 30
--------------------------------------------------------------
In a Schedule 13D/A filed with the U.S. Securities and Exchange
Commission, these entities reported beneficial ownership of common
units representing limited Partnership Interests of StoneMor
Partners L.P. as of April 30, 2019:

                                  Shares      Percent
   Reporting                   Beneficially     of  
    Person                         Owned      Class
   ---------                   ------------  ---------
Axar Capital Management, LP     7,748,435      20.3%
Axar GP, LLC                    7,748,435      20.3%
Andrew Axelrod                  7,748,435      20.3%

The percentages are calculated based upon 38,260,471 Common Units
reported to be outstanding as of March 29, 2019 in the Issuer's
Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2018,
filed with the SEC on April 3, 2019.

Funds for the purchase of the Common Units reported were derived
from general working capital of the Axar Vehicles.  A total of
approximately $51,449,176 was paid to acquire the Common Units
reported.

The Reporting Persons may be deemed to have economic exposure to an
additional 1,536,717 Common Units pursuant to certain cash-settled
equity swaps each between an Axar Vehicle and a broker-dealer
counterparty.  The cash-settled equity swaps shall continue until
terminated as elected by the parties, and currently have an initial
reference termination date of June 20, 2022.  The reference prices
for such swaps range from $3.1227 to $7.5565.  The Reporting
Persons do not have voting power or dispositive power with respect
to the Common Units referenced in such swaps and disclaim
beneficial ownership of the shares underlying those swaps.

On April 30, 2019, the Axar Entities entered into a Second
Amendment to the Voting and Support Agreement with the ACII
Entities, the General Partner, and the Issuer, pursuant to which
the VSA was amended to terminate the earliest of (x) the Expiration
Date (as defined in the VSA), (y) the date of any amendment to the
Merger Agreement (as defined in the VSA) that adversely affects the
rights of any Axar Entity without the written consent of the Axar
Entities, and (z) Oct. 1, 2019.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/5R6bZc

                   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 $72.69 million for the year ended
Dec. 31, 2018, compared to a net loss of $75.15 million for the
year ended Dec. 31, 2017.  As of Dec. 31, 2018, the Partnership had
$1.66 billion in total assets, $1.67 billion in total liabilities,
and a total partners' deficit of $6.57 million.

                        *   *    *

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.  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.  However, we affirmed the rating because we
believe the company has sufficient liquidity over the next 12
months given the new bridge loan."


STONEMOR PARTNERS: Hellman Has 12.4% Stake as of April 30
---------------------------------------------------------
In a Schedule 13D/A filed with the U.S. Securities and Exchange
Commission, these entities reported beneficial ownership of common
units representing limited partner interests of StoneMor Partners
L.P. as of April 30, 2019:

                                   Shares      Percent
                                Beneficially     of
   Reporting Person                 Owned       Class
   ----------------             ------------  --------
American Cemeteries              2,364,162      6.2%
Infrastructure Investors, LLC

AIM Universal Holdings, LLC      2,364,162      6.2%

StoneMor GP Holdings LLC         2,332,878      6.1%

Matthew P. Carbone               2,364,162      6.2%

Robert B. Hellman, Jr.           4,732,751     12.4%

The percentages are calculated based upon 38,260,471 Common Units
outstanding on March 29, 2019, as disclosed by the Issuer on its
annual report on Form 10-K, filed April 3, 2019.

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


                    https://is.gd/ipA5Xg

                   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 $72.69 million for the year ended
Dec. 31, 2018, compared to a net loss of $75.15 million for the
year ended Dec. 31, 2017.  As of Dec. 31, 2018, the Partnership had
$1.66 billion in total assets, $1.67 billion in total liabilities,
and a total partners' deficit of $6.57 million.

                           *    *    *

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.  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.  However, we affirmed the rating because we
believe the company has sufficient liquidity over the next 12
months given the new bridge loan."


STONEMOR PARTNERS: Signs First Amendment to Merger Agreement
------------------------------------------------------------
StoneMor Partners L.P., StoneMor GP LLC, StoneMor GP Holdings LLC,
and Hans Merger Sub, LLC have entered into a First Amendment to
Merger and Reorganization Agreement.  The parties to the Merger
Agreement executed the First Amendment to Merger Agreement to
extend the Termination Date to Oct. 1, 2019.

On Sept. 27, 2018, StoneMor Partners L.P., a Delaware limited
partnership, StoneMor GP LLC, a Delaware limited liability company
and the general partner of the Partnership ("GP"), StoneMor GP
Holdings LLC, a Delaware limited liability company and the sole
member of GP ("GP Holdings"), and Hans Merger Sub, LLC, a Delaware
limited liability company and wholly owned subsidiary of GP
("Merger Sub"), entered into a Merger and Reorganization Agreement
pursuant to which, among other things, GP will convert from a
Delaware limited liability company into a Delaware corporation to
be named StoneMor Inc. and Merger Sub will merge with and into the
Partnership with the Partnership surviving and with the Company as
its sole general partner.

        Second Amendment to Voting and Support Agreement

In connection with the execution and delivery of the Merger
Agreement, on Sept. 27, 2018, the Partnership, GP, GP Holdings,
Robert B. Hellman, Jr., in his capacity as trustee under the Voting
and Investment Trust Agreement for the benefit of American
Cemeteries Infrastructure Investors, LLC, Axar Capital Management,
LP, a Delaware limited partnership, Axar GP, LLC, a Delaware
limited liability company and Axar Master Fund, Ltd., a Cayman
Islands exempted limited partnership entered into a voting and
support agreement, pursuant to which, among other things, the Axar
Entities were restricted from owning or acquiring more than 19.99%
in aggregate of the outstanding common units representing limited
partner interests in the Partnership prior to the closing of the
Merger.  The Original Voting and Support Agreement was subsequently
amended on Feb. 4, 2019 to permit the Axar Entities to acquire up
to 27.49% in the aggregate of the outstanding Common Units prior to
the closing of the Merger.

On April 30, 2019, and in connection with the execution of the
First Amendment to Merger Agreement, the parties to the Original
Voting and Support Agreement and First Amendment to Voting and
Support Agreement executed that certain Second Amendment to Voting
and Support Agreement to extend the termination date set forth
therein to Oct. 1, 2019.

In connection with the proposed reorganization, StoneMor GP LLC (to
be converted into a corporation named StoneMor Inc.) and StoneMor
Partners L.P. will jointly file with the Securities and Exchange
Commission a registration statement on Form S-4, which will include
a prospectus of GP and a proxy statement of the Partnership.  GP
and the Partnership also plan to file other documents with the SEC
regarding the proposed transaction.  After the registration
statement has been declared effective by the SEC, a definitive
joint proxy statement/prospectus will be mailed to the unitholders
of the Partnership.

A full-text copy of the First Amendment to Merger Agreement is
available for free at https://is.gd/TVrV7X.

                    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 $72.69 million for the year ended
Dec. 31, 2018, compared to a net loss of $75.15 million for the
year ended Dec. 31, 2017.  As of Dec. 31, 2018, the Partnership had
$1.66 billion in total assets, $1.67 billion in total liabilities,
and a total partners' deficit of $6.57 million.

                           *    *    *

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.  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.  However, we affirmed the rating because we
believe the company has sufficient liquidity over the next 12
months given the new bridge loan."


SUNGARD AVAILABILITY: S&P Rates $100MM DIP Term Loan 'BB-'
----------------------------------------------------------
S&P Global Ratings assigned its point in time 'BB-' issue-level
rating to the $100 million debtor-in-possession (DIP) delayed draw
term loan provided to Sungard Availability Services Capital Inc.
(Sungard AS).

Sungard AS is an information technology (IT) outsourced disaster
recovery service provider that briefly operated under the
protection of Chapter 11 of the U.S. Bankruptcy Code following a
pre-negotiated filing on May 1, 2019.

S&P's 'BB-' issue-level rating on Sungard AS' DIP term loan
reflects its view of the credit risk borne by the DIP lenders,
including its view of the company's ability to meet financial
requirements during bankruptcy through its debtor credit profile
(DCP) assessment, the prospects for full repayment through the
company's reorganization and emergence from Chapter 11 (via S&P's
capacity for repayment at emergence (CRE) assessment), and
potential for full repayment in a liquidation scenario (via S&P's
additional protection in a liquidation scenario (APLS) assessment).


TARA RETAIL: Comm2013 Finds Additional Deficiencies in Plan Outline
-------------------------------------------------------------------
Secured creditor COMM 2013-CCRE12 Crossings Mall Road, LLC files a
supplemental objection to Tara Retail Group, LLC's modified first
amended disclosure statement referring to its second amended plan.

Aside from the deficiencies identified previously by Secured
Creditor, Secured Creditor has discovered additional deficiencies
in the adequacy of the information provided by Debtor in its
Disclosure Statement. The additional deficiencies include:

   -- the Debtor states in the Disclosure Statement that a
potential source of funding for plan shortfalls in cash is William
and Rebecca Abruzzino. However, the Debtor fails to disclose that
at the time the Debtor filed its Disclosure Statement, and at all
times thereafter, the Abruzzinos had no means to fund any
shortfalls. In fact, after filing the Disclosure Statement, the
Abruzzinos filed a Chapter 11 bankruptcy case which was converted
to a Chapter 7 case.

   -- the Debtor fails to disclose an estimated $6.0 million
unsecured deficiency claim of Secured Creditor and the impact that
such claim will have on the confirmability of the Debtor's Plan.

   -- the Debtor fails to disclose the fact that the expected
$550,000 contribution from debtor Emerald Grande, which is critical
to the feasibility of the Debtor's Plan, has been waived, is
subject to contested litigation and is likely not to be recovered.

   -- the Debtor fails to disclose that the consideration paid to
the unsecured creditors in the form of an assignment of insurance
claims is completely illusory because there is no coverage
available for such claims.

A copy of COMM 2013-CCRE12 Crossings Mall Road's Objection is
available at https://tinyurl.com/y6k2ypl6 from Pacermonitor.com at
no charge.

The Troubled Company Reporter previously reported that Comm2013 is
estimated to recover 100% under the plan. Distributions to Comm
2013 will begin on the date ordered by the Bankruptcy Court.

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

      http://bankrupt.com/misc/wvnb1-17-00057-834.pdf

                    About Tara Retail

Tara Retail Group, LLC, owns The Crossings Mall in Elkview, West
Virginia, which had tenants that included Kmart and Kroger.  The
Company is headed by businessman Bill Abruzzino.  The Crossings
Mall has been closed and inaccessible to the public since massive
floods swept through West Virginia on June 23, 2016.

On Dec. 23, 2016, U.S. District Judge Thomas Johnston appointed
Martin Perry, a managing director at Newmark Grubb Knight Frank's
Pittsburgh office, as receiver.

To stop a foreclosure sale of its shopping center, Tara Retail
Group, LLC, filed a Chapter 11 petition (Bankr. N.D. W.Va. Case No.
17-00057) on Jan. 24, 2017.  The petition was signed by William A.
Abruzzino, managing member.  The case judge is the Hon. Patrick M.
Flatley.  The Debtor estimated assets and debt of $10 million to
$50 million.

The Debtor tapped Steven L. Thomas, Esq., at Kay, Casto & Chaney
PLLC as bankruptcy counsel.

Secured creditor COMM2013 CCRE12 Crossings Mall Road, LLC, is
represented in the case by Sharon Troesch, Esq., Buchanan Ingersoll
& Rooney PC, in Pittsburgh, Pennsylvania.


THEA BOWMAN, IN: S&P Alters Outlook to Stable on Weakened Finances
------------------------------------------------------------------
S&P Global Ratings has revised its outlook to stable from positive
and affirmed its 'B' long-term rating on Indiana Finance
Authority's educational facilities revenue bonds, issued for the
Thea Bowman Leadership Academy (TBLA).

"The outlook revision reflects the weaker-than-expected financial
performance as well as a greater-than-expected draw down of
reserves," said S&P Global Ratings credit analyst Bobbi Gajwani.
"Though operating performance was expected to be weaker as the
school invests in personnel and resources aimed at improving
academic performance, coverage was significantly lower than
expected at 0.73x as per our calculation also pressuring cash to
about 30 days' cash on hand."

However, as per the bond covenant calculations, TBLA achieved 1.36x
maximum annual debt service (MADS) coverage, meeting its 1.25x MADS
covenant, precluding a lower rating. In addition, the affirmation
of the rating reflects the fact that the new authorizer, Trine
University, renewed the contract effective June 30, 2019, through
2022. Though the term continues to be less than the five-year
maximum term, the authorizer indicated that the school has
successfully addressed the prior federal grant compliance issues
and as expected, needs time to turn around the academic
performance.


THINK FINANCE: June 19 Disclosure Statement Hearing
---------------------------------------------------
The hearing to consider approval of the Disclosure Statement
explaining the Joint Chapter 11 Plan of Reorganization of Think
Finance, LLC, and its subsidiary debtors will be held on June 19,
2019 at 09:00 AM.

Each holder of an Allowed Class 4 Claim shall receive a cash
Distribution equal to its pro rata share of the General Unsecured
Claims Cash Pool.

Each member of the Nationwide Consumer Borrower Settlement Class in
a Tier 1 state will receive a pro-rata distribution of the Tier 1
Allocation calculated based on the total amount paid by such Class
member on Eligible Tribal Loans as reflected on the applicable
Tribal Lender’s books and records available to the Debtors, the
GPLS Parties and/or the Settling Tribal Lenders, provided that the
Pennsylvania Borrowers also may receive a portion of the other
amounts paid to the Pennsylvania AG as part of the Settlement.

Each member of the Nationwide Consumer Borrower Settlement Class in
a Tier 2 state shall receive a pro-rata distribution of the Tier 2
Allocation calculated based upon the total amount of interest paid
by such Class member on Eligible Tribal Loans, as reflected on the
applicable Tribal Lender’s books and records available to the
Debtors, the GPLS Parties and/or the Settling Tribal Lenders, over
the usury limit in such state applicable to unsecured installment
loans issued by lenders subject to such state’s laws in a similar
dollar amount as the Eligible Tribal Loans.

Members of the Nationwide Consumer Borrower Settlement Class in a
Tier 3 state shall not receive any monetary distribution.

Holders of the Equity Interests shall have their Equity Interests
cancelled on the Effective Date and shall receive all equity
interests in the Reorganized Debtors.

All amounts necessary for the Debtors (on the Effective Date) or
the Reorganized Debtors (after the Effective Date) to make payments
or distributions pursuant to the Plan shall be available to the
Debtors or Reorganized Debtors, as applicable, through Cash on
hand, including the withdrawal of amounts currently held in the
Escrow Account.

A full-text copy of the Disclosure Statement dated April 22, 2019,
is available at https://tinyurl.com/yyfevd9u from PacerMonitor.com
at no charge.

The Plan was filed by Gregory G. Hesse, Esq., at Hunton Andrews
Kurth LLP, in Dallas, Texas, and Tyler P. Brown, Esq., and Jason W.
Harbour, Esq., at Hunton Andrews Kurth LLP, in Richmond, Virginia.

                     About Think Finance

Think Finance, Inc. -- https://www.thinkfinance.com/ -- is a
provider of software technology, analytics, and marketing services
to financial clients in the consumer lending industry.  Think
Finance offers an end-to-end, professionally managed online lending
program.  The company's customized services allow clients to
create, develop, launch and manage their loan portfolio while
effectively serving customers.  For over 15 years, the company has
helped its clients originate more than 2 million loans enabling
them to put more than $4 billion in credit on the street.

Think Finance, LLC, along with six affiliates, sought Chapter 11
protection (Bankr. N.D. Tex. Lead Case No. 17-33964) on Oct. 23,
2017.  Think Finance estimated assets of $100 million to $500
million and debt of $10 million to $50 million.

The Hon. Harlin DeWayne Hale is the case judge.

The Debtors tapped Hunton & Williams LLP as counsel; Alvarez &
Marsal North America, LLC as financial advisor; and American Legal
Claims Services, LLC, as claims and noticing agent.

On Nov. 2, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Cole Schotz P.C. is the
Committee's bankruptcy counsel.


TOTAL FINANCE: June 12 Plan Confirmation Hearing
------------------------------------------------
The Disclosure Statement explaining the Revised Disclosure
Statement explaining the First Amended Joint Chapter 11 Plan of
Reorganization of Total Finance Investment, Inc., et al., is
approved.

The following dates are established with respect to the
solicitation of votes to accept or reject the Plan and confirmation
of the Plan (all times prevailing Central Time):

   Voting Record Date:         May 2, 2019

   Solicitation Deadline:      May 6, 2019

   Voting Deadline:           June 5, 2019

   Plan Objection Deadline:   June 5, 2019

   Deadline to File Voting
   Report:                    June 7, 2019

   Deadline to File
   Confirmation Brief:        June 7, 2019

   Confirmation Hearing Date: June 12, 2019

Class 7 - General Unsecured Claims are impaired with estimated
allowed claim $9,200,000 and will receive a Pro Rata share of Class
A Units with estimated liquidation recovery of 82.1% to 100%.

The Debtors amended their Chapter 11 Plan to modify the language on
releases. Article IX.E of the Plan provides for releases of certain
claims and Causes of Action the Debtors may hold against the
Released Parties, including all derivative claims that may be
asserted on behalf of the Debtors, the Reorganized Debtors, or
their Estates. The Released Parties are: (a) the Debtors, (b) the
Reorganized Debtors, (c) the First Lien Credit Facility
Agent/Lender, (d) the Second Lien Term Loan Lender, (e) the
Sponsor, (f) the DIP Agent/Lender, (g) the Westlake Servicer, and
(h) the Plan Support Parties, and, with respect to each of the
foregoing Entities specified in clauses (a) through (h), such
Entities' respective current directors, officers, employees,
managers, financial advisors, attorneys, accountants, investment
bankers, consultants, agents and professionals (solely in their
capacities as such and to the extent of the foregoing Entities'
authority to bind any of the foregoing individuals pursuant to
agreement or applicable non-bankruptcy law).

A redlined version of the Revised Disclosure Statement dated April
25, 2019, is available at https://tinyurl.com/y4m5dzd6 from
PacerMonitor.com at no charge.

A full-text copy of the Disclosure Statement dated April 22, 2019,
is available at https://tinyurl.com/yxu6tqg6 from PacerMonitor.com
at no charge.

The Plan and Disclosure Statement were filed by Bojan Guzina, Esq.,
and Jackson T. Garvey, Esq., in Chicago, Illinois, on behalf of the
Debtors.

                About Total Finance Investment

Founded in 2000, Total Finance Investment and its subsidiaries --
http://www.totalfinance.net/-- are operators of buy-here, pay-here
(BHPH) used automobile dealership in Illinois and in the greater
Chicagoland area.  The Company sold used vehicles at their
dealership locations, provided financing to customers to facilitate
their purchase of the Company's vehicles and certain add-on
products, and operated an independent insurance broker through
which the Company helped their customers secure automobile
insurance coverage from third-party insurance providers.

Total Finance Investment Inc. and 6 affiliates sought Chapter 11
protection (Bankr. N.D. Ill. Lead Case No. 19-03734) on Feb. 13,
2019.

The Debtors estimated $100 million to $500 million in assets $50
million to $100 million in liabilities as of the bankruptcy
filing.

The Hon. Carol A. Doyle oversees the case.

The Debtors tapped Sidley Austin LLP as bankruptcy counsel; Togut,
Segal & Segal LLP as special counsel; Development Specialists,
Inc., as interim management services provider; Portage Point
Partners, LLC, as financial advisor; Keefe, Bruyette & Woods and
Miller Buckfire & Co., LLC as investment banker; and Kurtzman
Carson Consultants LLC as claims and noticing agent.


TRANSUNION LLC: Moody's Alters Outlook on Ba2 CFR to Stable
-----------------------------------------------------------
Moody's Investors affirmed TransUnion, LLC's (an indirect
subsidiary of publicly-traded TransUnion, "TransUnion") Ba2
Corporate Family Rating, Ba3-PD Probability of Default Rating, Ba2
senior secured credit facilities rating and SGL-1 Speculative Grade
Liquidity rating. The rating outlook was changed to stable from
negative.

RATINGS RATIONALE

"Moody's anticipation of steady financial leverage declines and
free cash flow expansion over the next 12 to 18 months drives the
revision of the rating outlook to stable from negative," noted
Edmond DeForest, Moody's Vice President and Senior Credit Officer.

TransUnion's Ba2 CFR reflects Moody's expectation that debt to
EBITDA will approach 4 times by the end of 2019 from approximately
4.7 times as of March 31, 2019, while free cash flow to debt will
return to approximately 9% to 10% from under 8% over the next 12 to
18 months. Moody's estimates that TransUnion capitalized
approximately $90 million of software development costs in the LTM
period ended March 31, 2019. If software development costs are
treated as an ongoing operating expense, debt to EBITDA was 5.2
times as of March 31, 2019.

All financial metrics cited reflect Moody's standard adjustments.

Moody's anticipates TransUnion's financial policies will emphasize
achieving steady financial leverage declines through
revenue-growth-fueled EBITDA expansion and debt repayment.
Financial leverage had peaked at around 5.5 times as of June 30,
2018 immediately after the close of and pro forma for debt incurred
to fund acquisitions including of Callcredit Information Group,
Ltd., iovation, Rubixis, Inc. and Healthcare Payment Specialists,
Inc. A quick return to aggressive financial policies featuring
additional debt-funded acquisitions, cash dividend increases or new
share repurchase initiatives before TransUnion has reduced
financial leverage and improved free cash flow would weigh on its
credit profile and could pressure the Ba2 CFR.

Ratings support is provided by TransUnion's sustainable market
position as one of the three principal consumer credit bureaus in
the U.S., with high barriers to entry, expanded product and
geographic revenue and earnings diversity following the 2018
acquisitions and new product launches. Additional support comes
from Moody's expectations for mid single digit range organic growth
and strong 35% EBITA margins. The company's performance is expected
to benefit from the recent improvement in consumer borrowing
trends. A significant portion of its revenues are driven by the
demand for information solutions related to new marketing and
customer acquisition activity at its large bank and non-bank
consumer and mortgage finance customers, so Moody's considers
revenue cyclical. TransUnion faces growing regulatory requirements
and cybersecurity risks which necessitate investments in related
costs, potentially pressuring profitability.

The SGL-1 rating reflects TransUnion's very good liquidity profile
over the next 12 to 15 months, primarily reflecting its growing
cash balances, Moody's expectations for free cash flow in excess of
$300 million and full availability under its $300 million revolving
credit facility maturing in August 2022.

The Ba2 senior secured rating reflects the LGD3 Loss Given Default
assessment for the credit facilities and the Ba3-PD PDR. The loans
are secured by a first priority interest in substantially all
assets of Trans Union, LLC and its subsidiaries, and have secured
upstream guarantees from primary subsidiaries.

TransUnion's ratings could be upgraded if the company: 1) maintains
revenue and earnings growth; 2) sustains debt to EBITDA below 3.5
times (without effect for capitalized software costs); 3) free cash
flow approaches the mid-teens percentages of total debt; 4)
establishes a track record of conservative financial policies; and
5) gains additional financial flexibility by reducing the
proportion of secured to total debt.

Moody's could downgrade TransUnion's ratings if Moody's
anticipates: 1) more aggressive financial policies; 2) debt to
EBITDA will be sustained around 4.5 times (without effect for
capitalized software costs); or 3) free cash flow will remain below
8% of total debt.

Issuer: Trans Union, LLC

  Corporate Family Rating, Affirmed at Ba2

  Probability of Default Rating, Affirmed at Ba3-PD

  Senior Secured Bank Credit Facility, Affirmed at Ba2 (LGD3)

  Speculative Grade Liquidity Rating, Affirmed at SGL-1

  Outlook, Revised To Stable From Negative

TransUnion provides consumer credit reports and information and
risk management solutions. Moody's expects 2019 revenue of over
$2.5 billion.


TRIPLE POINT: S&P Puts 'CCC' ICR on Watch Pos. on Three-Way Merger
------------------------------------------------------------------
S&P Global Ratings placed its 'CCC' issuer credit rating on
Commodity management software provider Triple Point Group Holdings
Inc. on CreditWatch with positive implications, reflecting the
greater operating scale and incremental cash flows as a result of
the combination.

The CreditWatch placement follows ION Investment Group's
announcement that it intends to combine Wall Street Systems
Holdings Inc., OpenLink International Holdings, and Triple Point
Group Holdings Inc. to form ION Corporate Solutions Finance Ltd.
(ION Corporates). The first-lien term loan raised at ION Corporates
of $1.96 billion will be used primarily to repay the existing debt
of the three entities.


UNITED INTERNATIONAL: Files New Plan to Address Court's Concerns
----------------------------------------------------------------
The Bankruptcy Court, in April, held a hearing on the Chapter 11
Plan and accompanying disclosure statement filed by United
International Mortgage Solutions, Inc., and directed the Debtor to
file amended versions of the Plan and Disclosure Statement to
address several issues, including additional disclosures relating
to the five-year financial projections.

Accordingly, the Debtor filed an amended Plan and Disclosure
Statement proposing the that unsecured Claims are unimpaired. In
the present case, the Debtor estimates that Class 4 general
unsecured debts total approximately $723.  Unsecured claims will be
paid in full on the Effective Date.

The Debtor will fund the Plan from its business operations (rental
income), from contributions from its owners and the funds it
has/will have accumulated in its Debtor-in- Possession bank
accounts.  The management of the Debtor will remain the same.

A full-text copy of the First Amended Disclosure Statement dated
April 24, 2019, is available at https://tinyurl.com/yxk4gd4o from
PacerMonitor.com at no charge.

Attorneys for the Debtor are Roksana D. Moradi-Brovia, Esq., and
Matthew D. Resnik, Esq., at Resnik Hayes Moradi LLP, in Encino,
California.

                About United International

United International Mortgage Solutions, Inc., is a privately held
financial services company in Los Angeles, California.

United International filed a Chapter 11 Petition (Bankr. C.D. Cal.
Case No. 18-20698) on Sept. 12, 2018.  On the petition signed by
Sandra K. McBeth, vice president, the Debtor estimated $1 million
to $10 million in assets and liabilities.  The case is assigned to
Judge Sandra R. Klein.  Matthew D. Resnik, Esq., at Resnik Hayes
Moradi LLP, is the Debtor's counsel.


US 1 ASSOCIATES: Fairfield Maintenance Objects to Plan Disclosures
------------------------------------------------------------------
The creditor Fairfield Maintenance, Inc., objects to the Disclosure
Statement and Plan filed by the debtor US 1 Associates.

The Creditor complains that the Disclosure Statement does not fully
and fairly disclose the basis for the objection to the claim of
Fairfield Maintenance, Inc. The Creditor points out that the plan
is silent on how, when and where an objection to the claim would be
made.

According to the Creditor, the claim of Fairfield Maintenance,
Inc., is oversecured, the plan fails to provide for post-petition,
pre-confirmation interest, and further fails to provide for post
confirmation interest.

The Creditor asserts that the debtor’s Liquidation Analysis is
unfounded, no appraisal has been provided.

The Creditor further complains that the Debtor's Operating Reports
confirm that the debtor has a non-DIP account, yet, no further
information is included about that account.

Attorney for Fairfield Maintenance, Inc.:

     Michael Schwartzberg, Esq.
     650 Bloomfield Avenue, Suite 100
     Bloomfield, NJ 07003
     Tel: (973) 743-7733

               About US 1 Associates Inc.

US 1 Associates, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 18-12231) on Feb. 2, 2018.
At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $100,000.  Middlebrooks
Shapiro, P.C., is the Debtor's bankruptcy counsel.


VALERITAS HOLDINGS: Expects First Quarter Revenue of $6.4 Million
-----------------------------------------------------------------
Valeritas Holdings, Inc., issued a press release announcing
preliminary revenue guidance for the first quarter of 2019.
Valeritas expects to report revenue of approximately $6.4 million
for the first quarter ended March 31, 2019.  In addition, Valeritas
does not expect any significant changes from its first quarter 2019
guidance that it released on March 5, 2019, as the Company will
achieve all metrics it provided guidance on for the quarter.
Valeritas intends to report its full first quarter 2019 financial
results on May 9, 2019.

Commenting on the announcement, John Timberlake, president and CEO
of Valeritas stated, "I am very pleased with the first quarter
results and all signs currently indicate this momentum should
continue throughout 2019."

The Company announced its first quarter revenue estimate due to
investor meetings that took place on May 2, 2019.

                   About Valeritas Holdings

Valeritas -- http://www.valeritas.com/-- is a commercial-stage
medical technology company focused on developing and
commercializing innovative technologies for people with diabetes.
Valeritas' flagship product, V-Go Wearable Insulin Delivery device,
is an all-in-one basal-bolus insulin delivery option for patients
with type 2 diabetes that is worn like a patch and can eliminate
the need for taking multiple daily shots.  V-Go administers a
continuous preset basal rate of insulin over 24 hours, and it
provides discreet on-demand bolus dosing at mealtimes.
Headquartered in Bridgewater, New Jersey, Valeritas operates its
R&D functions in Marlborough, Massachusetts.

Valeritas incurred a net loss of $45.92 million in 2018, following
a net loss of $49.30 million in 2017.  As of Dec. 31, 2018,
Valeritas had $68.62 million in total assets, $54.33 million in
total liabilities, and $14.28 million in total stockholders'
equity.

Friedman LLP, in East Hanover, New Jersey, the Company's auditor
since 2016, issued a "going concern" opinion in its report dated
March 5, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
recurring losses and negative cash flows from operations.  These
conditions, among others, raise substantial doubt about the
Company's ability to continue as a going concern.


VANGUARD NATURAL: Seeks to Hire Blank Rome as Co-Counsel
--------------------------------------------------------
Vanguard Natural Resources, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Blank
Rome LLP.

Blank Rome will serve as co-counsel with Kirkland & Ellis LLP and
Kirkland & Ellis International LLP, the two other firms handling
the Chapter 11 cases of the company and its affiliates.

Blank Rome's hourly rates are:

     Partners                $460 - $1,250
     Of Counsel              $435 - $925
     Associates              $315 - $695
     Paraprofessionals       $180 - $435

James Grogan, Esq., and Philip Guffy, Esq., the attorneys expected
to have primary responsibility for representing the Debtors, will
charge $1,020 per hour and $450 per hour, respectively.

Mr. Grogan disclosed in court filings that his firm is
"disinterested" as defined in Section 101(14) of the Bankruptcy
Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Grogan disclosed that his firm has not agreed to a variation of its
standard or customary billing arrangements for its employment with
the Debtors, and that no Blank Rome professional has varied his
rate based on the geographic location of the Debtors' bankruptcy
cases.

The attorney also disclosed that no adjustments were made to either
the billing rates or the material financial terms of Blank Rome's
employment as a result of the filing of the cases though the firm
adjusted its hourly rates effective Jan. 1 consistent with its
customary practice.   

The Debtors and Blank Rome expect to develop a prospective budget
and staffing plan for the period March 31 to June 30, according to
Mr. Grogan.

Blank Rome can be reached through:

     James T. Grogan, Esq.
     Philip M. Guffy, Esq.
     Blank Rome LLP
     717 Texas Avenue, Suite 1400
     Houston, Texas 77002
     Tel: (713) 228-6601
     Fax: (713) 228-6605
     Email: jgrogan@blankrome.com
            pguffy@blankrome.com

               About Vanguard Natural Resources

Vanguard Natural Resources Inc. -- https://www.vnrenergy.com/ -- is
an independent exploration and production company focused on the
production and development of oil and natural gas properties in the
United States.  Its assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Piceance Basin in Colorado, the Permian
Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma,
the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn
Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and
North Texas, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.  Headquartered in Houston, the company and its
affiliates have 295 employees.

Vanguard Natural Resources and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case
No. 19-31786) on March 31, 2019.  At the time of the filing, the
Debtors disclosed $1.478 billion in assets and $1.196 billion in
liabilities.  

The cases are assigned to Judge David R. Jones.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel; Blank Rome LLP as
co-counsel with Kirkland; Evercore Group LLC as financial advisor
and investment banker; Opportune LLP as restructuring advisor; and
Prime Clerk LLC as claims and balloting agent and administrative
advisor.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 11, 2019.  The committee tapped Locke
Lord LLP as its legal counsel.


VANGUARD NATURAL: Seeks to Hire Kirkland & Ellis as Legal Counsel
-----------------------------------------------------------------
Vanguard Natural Resources, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire
Kirkland & Ellis LLP and Kirkland & Ellis International LLP as its
legal counsel.

The firms will advise the company and its affiliates of their
powers and duties under the Bankruptcy Code; represent them in
negotiation with their creditors; assist in obtaining post-petition
financing; prepare a bankruptcy plan; advise the Debtors in
connection with any potential sale of their assets; and provide
other legal services in connection with their Chapter 11 cases.

The firms' hourly rates are:

     Partners                $1,025 - $1,795
     Of Counsel                $595 - $1,705
     Associates                $595 - $1,125
     Paraprofessionals         $235 - $460

The Debtors on Jan. 11, 2019, paid $200,000 to the firms and an
additional advance payment retainer totaling $4.05 million.

Brian Schartz, Esq., president of Brian E. Schartz, P.C., a partner
of Kirkland, disclosed in court filings that the firms are
"disinterested" as defined in Section 101(14) of the Bankruptcy
Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Schartz disclosed that the firms have not agreed to a variation of
their standard billing arrangements for their employment with the
Debtors, and that no Kirkland professional has varied his rate
based on the geographic location of the Debtors' bankruptcy cases.

Mr. Schartz disclosed that the firms represented the Debtors
through Dec. 31, 2018, using these hourly rates

     Partners               $965 - $1,795
     Of Counsel             $575 - $1,795
     Associates             $575 - $1,065
     Paraprofessionals      $220 - $440

Meanwhile, the hourly rates charged by the firms for services
provided for the period Jan. 1 to March 31 are:

     Partners             $1,025 - $1,795
     Of Counsel             $595 - $1,705
     Associates             $595 - $1,125
     Paraprofessionals        $235 - $460

Kirkland can be reached through:

     Brian E. Schartz, P.C.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP
     609 Main Street
     Houston, Texas 77002
     Tel: (713) 836-3600
     Fax: (713) 836-3601
     Email: brian.schartz@kirkland.com

        - and -

     James H.M. Sprayregen, P.C.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP
     300 North LaSalle Street
     Chicago, Illinois 60654
     Tel: (312) 862-2000
     Fax: (312) 862-2200
     Email: james.sprayregen@kirkland.com

        - and -

     Christopher Marcus, P.C.
     Aparna Yenamandra, Esq.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP
     601 Lexington Avenue
     New York, New York 10022
     Tel: (212) 446-4800
     Fax: (212) 446-4900
     Email: christopher.marcus@kirkland.com
            aparna.yenamandra@kirkland.com

               About Vanguard Natural Resources

Vanguard Natural Resources Inc. -- https://www.vnrenergy.com/ -- is
an independent exploration and production company focused on the
production and development of oil and natural gas properties in the
United States.  Its assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Piceance Basin in Colorado, the Permian
Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma,
the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn
Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and
North Texas, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.  Headquartered in Houston, the company and its
affiliates have 295 employees.

Vanguard Natural Resources and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead
Case No. 19-31786) on March 31, 2019.  At the time of the filing,
the Debtors disclosed $1.478 billion in assets and $1.196 billion
in liabilities.  

The cases are assigned to Judge David R. Jones.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel; Blank Rome LLP as
co-counsel with Kirkland; Evercore Group LLC as financial advisor
and investment banker; Opportune LLP as restructuring advisor; and
Prime Clerk LLC as claims and balloting agent and administrative
advisor.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 11, 2019.  The committee tapped Locke
Lord LLP as its legal counsel.


VANGUARD NATURAL: Seeks to Hire McCarn & Weir as Special Counsel
----------------------------------------------------------------
Vanguard Natural Resources, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire McCarn
& Weir, P.C. as its special counsel.

The firm will will assist the company and its affiliates with
certain due diligence projects, including title work and contract
review regarding their oil and natural gas leases.  

McCarn & Weir's hourly rates range from $100 to $330.  The firm was
paid $322,537 for fees and expenses in the 90 days prior to its
bankruptcy filing.

McCarn & Weir neither holds nor represents any interest adverse to
the Debtors or their bankruptcy estates, according to court
filings.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, McCarn
& Weir disclosed that it has not agreed to a variation of its
standard billing arrangements for its employment with the Debtors,
and that no professional at the firm has varied his rate based on
the geographic location of the Debtors' bankruptcy cases.

McCarn & Weir also disclosed that it represented the Debtors during
the three-month period before the petition date and charged the
Debtors between $100 per hour and $330 per hour.

The firm can be reached through:

     Jeffery A. McCarn, Esq.
     McCarn & Weir, P.C.  
     905 S. Fillmore, Suite 530
     Amarillo, TX 79101
     Phone: (806) 350-5416/(806) 350-5418
     Email: jmccarn@mwlawfirm.com

               About Vanguard Natural Resources

Vanguard Natural Resources Inc. -- https://www.vnrenergy.com/ -- is
an independent exploration and production company focused on the
production and development of oil and natural gas properties in the
United States.  Its assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Piceance Basin in Colorado, the Permian
Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma,
the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn
Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and
North Texas, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.  Headquartered in Houston, the company and its
affiliates have 295 employees.

Vanguard Natural Resources and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead
Case No. 19-31786) on March 31, 2019.  At the time of the filing,
the Debtors disclosed $1.478 billion in assets and $1.196 billion
in liabilities.  

The cases are assigned to Judge David R. Jones.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel; Blank Rome LLP as
co-counsel with Kirkland; Evercore Group LLC as financial advisor
and investment banker; Opportune LLP as restructuring advisor; and
Prime Clerk LLC as claims and balloting agent and administrative
advisor.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 11, 2019.  The committee tapped Locke
Lord LLP as its legal counsel.


VANGUARD NATURAL: Seeks to Hire Opportune as Restructuring Advisor
------------------------------------------------------------------
Vanguard Natural Resources, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire
Opportune LLP as its restructuring advisor.

The firm will provide these services to the company and its
affiliates in connection with their Chapter 11 cases:

(a) General Reorganization Efforts

     * Assistance with the preparation of financial documents for
distribution to stakeholders;

     * Analysis of proposed transactions;

     * Assistance with the identification and implementation of
short-term cash management procedures;

     * Assistance to management, counsel and other advisors focused
on the coordination of resources related to ongoing reorganization
efforts;

     * Attendance at meetings and assistance in discussions with
potential investors, banks, other secured lenders, any committees,
and other stakeholders and assistance with respect to due diligence
requests;  

     * Certain tax advisory services;

     * Certain fresh start accounting and valuation services; and

     * Other general financial and restructuring advisory services
as mutually agreed by the Debtors and Opportune.

(b) Bankruptcy Advisory Services

     * Assistance in the preparation of bankruptcy documents;

     * Assistance in developing forecasts and information for
obtaining bankruptcy court approval of use of cash collateral or
DIP financing and related compliance reporting;  

     * Assistance in the preparation of financial related
disclosures required by the court, including but not limited to
schedules of assets and liabilities, statements of financial
affairs and monthly operating reports;

     * Assistance in the preparation of financial information
including cash flow forecasts, long term business plans, and other
key information;

     * Assistance with respect to mortgages and lien perfections;

     * Assistance with the identification of executory contracts
and leases and performance of cost/benefit evaluations with respect
to the affirmation or rejection of each;

     * Analysis of creditor claims by type, entity, and individual
claim, including assistance with development of databases, as
necessary, to track such claims;

     * Assistance in the preparation of information and analysis
necessary for the confirmation of a plan of reorganization in such
chapter 11 proceeding(s), including information contained in the
plan and disclosure statement;

     * Assistance in the analysis or preparation of information
necessary to assess the tax attributes related to the confirmation
of a plan of reorganization, including the development of the
related tax consequences contained in the disclosure statement;

     * Litigation advisory services with respect to accounting and
tax matters;

     * Expert witness testimony on case related issues; and

     * Ongoing support with respect to managing the day-to-day
requirements of the bankruptcy process.

The firm's hourly rates are:

     Partner                         $965/hour
     Managing Director               $790/hour
     Director                        $665/hour
     Manager                         $590/hour
     Senior Consultant               $460/hour
     Consultant                      $370/hour
     Administrative Professional     $275/hour

Opportune received an initial retainer of $200,000 from the Debtors
related to its restructuring advisory work.

David Baggett, a managing partner of Opportune, disclosed in court
filings that his firm is "disinterested" as defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     David Baggett
     Opportune LLP
     711 Louisiana Street, Suite 3100
     Houston, TX 77002
     Office: 713.490.5050
     Email: dbaggett@opportune.com

               About Vanguard Natural Resources

Vanguard Natural Resources Inc. -- https://www.vnrenergy.com/ -- is
an independent exploration and production company focused on the
production and development of oil and natural gas properties in the
United States.  Its assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Piceance Basin in Colorado, the Permian
Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma,
the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn
Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and
North Texas, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.  Headquartered in Houston, the company and its
affiliates have 295 employees.

Vanguard Natural Resources and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead
Case No. 19-31786) on March 31, 2019.  At the time of the filing,
the Debtors disclosed $1.478 billion in assets and $1.196 billion
in liabilities.  

The cases are assigned to Judge David R. Jones.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel; Blank Rome LLP as
co-counsel with Kirkland; Evercore Group LLC as financial advisor
and investment banker; Opportune LLP as restructuring advisor; and
Prime Clerk LLC as claims and balloting agent and administrative
advisor.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 11, 2019.  The committee tapped Locke
Lord LLP as its legal counsel.


VANGUARD NATURAL: Seeks to Hire Roger A. Soape as Consultant
------------------------------------------------------------
Vanguard Natural Resources, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Roger
A. Soape, Inc. as consultant.

The firm will provide these customary landman consulting services:

     (1) prepare title run sheets for examination for rendering
drillsite and division order title opinions;

     (2) provide a full range of mapping services depending on the
Debtors’ specific needs;

     (3) provide lease data management, including collecting work
product from the applicable field to review and create quality
lease packages;

     (4) make payments on behalf of the Debtors related to leasing
obligations;

     (5) conduct due diligence for potential transactions in
connection with the purchase of producing and non-producing
properties;

     (6) conduct mineral title research, locate the owners of
severed mineral interests, purchase severed mineral rights, and
secure from the mineral owners surface use waivers or designation
of drill sites;

     (7) represent the Debtors at producing property auctions and
rendering appraisals of non-producing property auctions; and

     (8) conduct reconnaissance and imaging services via drone and
airplane.

Roger A. Soape will be paid at these rates:

     Rank                                    Daily Rate
     ----                                    ----------
     Employee Shareholder, Officer CPL         $550/day
     Certified Professional Landman, JD,
        Landman with 20+ Years' Experience     $525/day
     Experienced Non-CPL Landman               $500/day

The firm will also receive reimbursement for these expenses:

     Expense                             Rate
     -------                           --------
     Geographic Information Services
        * Senior GIS Analyst           $60/hour   
        * GIS Analyst                  $45/hour
        * Lease Analyst Services    $52.50/hour
        * Database/Administrative
            Services                   $25/hour

During the 90 days immediately preceding the petition date, the
Debtors paid the firm the sum of $586,962.22.

Will Holstien, a professional landman employed with Roger A. Soape,
disclosed in court filings that his firm is "disinterested" as
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Will Holstien
     Roger A. Soape, Inc.
     19450 State Highway 249, Suite 460
     Houston, TX 77070-3057
     Phone: (281) 440-6347

               About Vanguard Natural Resources

Vanguard Natural Resources Inc. -- https://www.vnrenergy.com/ -- is
an independent exploration and production company focused on the
production and development of oil and natural gas properties in the
United States.  Its assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Piceance Basin in Colorado, the Permian
Basin in West Texas and New Mexico, the Arkoma Basin in Oklahoma,
the Gulf Coast Basin in Texas, Louisiana and Alabama, the Big Horn
Basin in Wyoming and Montana, the Anadarko Basin in Oklahoma and
North Texas, the Wind River Basin in Wyoming, and the Powder River
Basin in Wyoming.  Headquartered in Houston, the company and its
affiliates have 295 employees.

Vanguard Natural Resources and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead
Case No. 19-31786) on March 31, 2019.  At the time of the filing,
the Debtors disclosed $1.478 billion in assets and $1.196 billion
in liabilities.  

The cases are assigned to Judge David R. Jones.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as bankruptcy counsel; Blank Rome LLP as
co-counsel with Kirkland; Evercore Group LLC as financial advisor
and investment banker; Opportune LLP as restructuring advisor; and
Prime Clerk LLC as claims and balloting agent and administrative
advisor.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 11, 2019.  The committee tapped Locke
Lord LLP as its legal counsel.


WALDEMAR OGLOZA: $355K Sale of Fox River Grove Property Approved
----------------------------------------------------------------
Judge Carol A. Doyle of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized Waldemar Ogloza's sale of the real
property located at 8714 Gardner Road, Fox River Grove, Illinois,
PIN 20-17-430-006-0000, to Brad and Simone Poteracki for $355,000.

The sale is free and clear of all liens, claims, encumbrances and
interests.

The Debtor is authorized to pay realtor's commissions, Contract
prorations, title insurance, escrow fees, pro rata real estate
taxes to the purchaser at closing and all other costs of sale.

The Debtor is authorized to hold 6% of all proceeds of sale after
the usual and customary charges in the Debtor's attorney client
trust account for administrative expenses to be disbursed pursuant
to future Order of the Court.

The Debtor is authorized to pay all remaining proceeds after costs
of sale to CG Center, LLC, c/o Ronald H. Balson, Stone, Pogrund &
Korey, LLC, One East Wacker Drive, Suite 2610, Chicago, Illinois
60601.

Waldemar Ogloza sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 18-17412) on June 19, 2018.  The Debtor tapped Penelope N Bach,
Esq., at Bach Law Offices as counsel.


WALL STREET SYSTEMS: S&P Places 'B' ICR on Watch Neg. on Merger
---------------------------------------------------------------
S&P Global Ratings places its 'B' issuer credit rating on Wall
Street Systems Holdings Inc. on CreditWatch with negative
implications, reflecting the increased leverage S&P expects to see
at the combined business.

The CreditWatch placement follows ION Investment Group's
announcement that it intends to combine Wall Street Systems
Holdings, OpenLink International Holdings, and Triple Point
Holdings, to form ION Corporates. The $1.96 billion first-lien term
loan raised at ION Corporates will be used to repay the existing
debt of the three entities.

S&P will resolve the CreditWatch when the merger closes or when all
of Wall Street Systems outstanding debt is repaid, at which time it
expects to withdraw its rating on Wall Street Systems.


WJA ASSET: June 27 Confirmation Hearing on PMB Liquidation Plan
---------------------------------------------------------------
The Court held a hearing to consider approval of the Disclosure
Statement describing the Joint Chapter 11 Plan of Liquidation of
PMB Managed Fund, LLC, and Alabama Housing Fund, LLC, that is being
proposed by PMB Managed Fund, LLC, and Alabama Housing Fund, LLC.

The Disclosure Statement of is approved.

The hearing to consider confirmation of the Joint Chapter 11 Plan
of Liquidation of PMB Managed Fund, LLC, and Alabama Housing Fund,
LLC is scheduled for June 27, 2019, at 11:00 a.m.

Ballots accepting or rejecting the Plan must be received by May 23,
2019, at 5:00 p.m. Pacific time in order to be counted.

Any objection to confirmation of the Plan must be filed with the
Court and served on counsel for the Alabama Debtors on or before
May 23, 2019.

Any objecting party wishing to reply to the Alabama Debtors' brief
in support of confirmation of the Plan must file and serve its
reply on or before June 13, 2019.

               About WJA Asset Management

Luxury Asset Purchasing International, LLC, et al., are part of a
network of entities or "Funds" formed to offer a range of
investment opportunities to individuals.  Many of the existing
funds are performing and some Funds had substantial gains.
However, certain Funds, i.e., those invested in private trust deeds
secured by real estate, suffered losses.

William Jordan Investments, Inc. ("Advisor"), is a registered
investment advisor.  Laguna Hills, California-based WJA Asset
Management, LLC ("Manager"), is the managing member of Luxury, et
al.  William Jordan was the president and sole owner of Advisor and
was the sole member and manager of Manager.

On May 18, 2017, Luxury and its affiliates filed voluntary
petitions under Chapter 11 of the United States Bankruptcy Code.
On May 25, 2017, four other affiliated filed voluntary Chapter 11
petitions.  On June 6, 2017, CA Real Estate Opportunity Fund III
filed its Chapter 11 petition.  The Debtors' cases are jointly
administered under Bankr. C.D. Cal. Lead Case No. 17-11996, and the
Debtors continue to operate their businesses and manage their
affairs as DIP.

Pursuant to court orders, Howard Grobstein is now serving as the
chief restructuring officer of the Debtors and Mr. Jordan no longer
has any ongoing role in the Debtors' operations.

At the time of the filing, WJA estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.  

Judge Scott C. Clarkson presides over the cases.

Lei Lei Wang Ekvall, Esq., Philip E. Strok, Esq., Robert S.
Marticello, Esq., and Michael L. Simon, Esq., at Smiley
Wang-Ekvall, LLP, serve as counsel to the Debtors.  Ann Moore of
Norton Moore Adams has been tapped as special counsel.  Elite
Properties Realty is the broker.


XTAL INC: U.S. Trustee Objects to Disclosure Statement
------------------------------------------------------
Tracy Hope Davis, United States Trustee for Region 17, objects to
the Disclosure Statement and confirmation of the Chapter 11 Plan
filed by XTAL Inc.

According to U.S. Trustee, the Debtor states that Class 1 is
composed of secured claims which will paid, however, per a review
of the Debtor's Schedules and claims filed to date, there appear to
be no secured creditors in this case.

The U.S. Trustee complains that the Disclosure Statement should not
be approved because the Debtor has, without justification,
separately classified unsecured non-priority claims into two
distinct classes.

The U.S. Trustee points out that neither the Disclosure Statement
nor Plan specifically identifies the third party releases included
in the ASML Agreement.

The U.S. Trustee further points out that the Debtor filed a
stipulation regarding the sequestration of certain server hard
drives pending the approval of the ASML Settlement Agreement and
confirmation of the Plan, neither the Disclosure Statement nor Plan
discuss the Stipulation.

The U.S. Trustee also asserts that the Disclosure Statement and
Plan state that the "Disbursing Agent shall not be required to give
any bond or surety or other security for the performance of its
duties unless otherwise ordered by the Bankruptcy Court, and, in
the event that the Disbursing Agent is so ordered, all costs and
expenses of procuring any such bond or surety shall be deducted
from the amount payable to the holders of Class 4 Claims."

                     About XTAL Inc.

XTAL Inc. -- http://www.xtalinc.com/-- is a designer and
manufacturer of semiconductor devices located in the Silicon
Valley.  It specializes in yield enhancement, software optimization
and hardware implementation targeting semiconductor ecosystem.

XTAL sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Cal. Case No. 18-52770) on Dec. 17, 2018.  At the time
of the filing, the Debtor estimated assets of $1 million to $10
million and liabilities of $1 million to $10 million.  The case is
assigned to Judge Elaine M. Hammond.  The Debtor tapped Alston &
Bird LLP as its legal counsel.


                            *********

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