/raid1/www/Hosts/bankrupt/TCR_Public/190606.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, June 6, 2019, Vol. 23, No. 156

                            Headlines

22 SHORE PARK: Voluntary Chapter 11 Case Summary
2745 WEST 16TH STREET: Rental Income to Fund Proposed Plan
34 HOLDING: Taps Harlem Lofts as Real Estate Broker
ADVANCE CASE: U.S. Trustee Unable to Appoint Committee
ADVANCED MICRO: S&P Upgrades ICR to 'BB-' on Debt Repayment

AGT FOOD: S&P Withdraws 'B' ICR, Senior Unsecured Debt Rating
ALEGION INC: Modifies Treatment of Siemens' Secured Claims
ALL ABOUT KIDS: Case Summary & 20 Largest Unsecured Creditors
ALL CARE CONSULTANTS: U.S. Trustee Unable to Appoint Committee
AMERICAN TECHNICAL: June 25 Plan Confirmation Hearing

AREABEATS PROPERTIES: To Close Escrow on Sale of Real Property
ARMSTEAD RISK: Seeks to Hire Courtney Davy as Legal Counsel
ARQUIDIOCESIS DE SAN JUAN: Bid for Stay Pending Appeal Partly OK'd
ARR INVESTMENTS: Taps Baker & Hostetler as Legal Counsel
ARUBA INVESTMENTS: S&P Alters Outlook to Positive, Affirms 'B-' ICR

AVANTOR INC: Moody's Raises CFR to B1, Outlook Stable
B SQUARE BURGER: Taps D.A. Rich as Accountant
B. & J. PROPERTY: Exclusive Filing Period Extended Until July 1
BALLANTYNE BRANDS: June 25 Hearing on Disclosure Statement
BCP RAPTOR II: Moody's Cuts CFR to B3, Outlook Stable

BCP RAPTOR: Moody's Affirms B3 CFR, Outlook Stable
BRAZOS DELAWARE II: Moody's Cuts CFR & Term Loan Rating to B3
BSG RESOURCES: Chapter 15 Case Summary
BSG RESOURCES: Seeks U.S. Recognition of Guernsey Proceedings
BUZZ TEAM: Seeks to Hire Julianne Frank as Legal Counsel

COLLASPE IMPOSSIBLE: Seeks to Hire Emerald City as Legal Counsel
CONTINENTAL WHOLESALE: June 21 Plan Confirmation Hearing
COOLTRADE INC: Files Chapter 11 Amended Liquidation Plan
CORNERSTONE FINANCE: Unsecureds' Recovery Unknown Under Plan
CRM CITY FELLOWSHIP: Unsecureds to Get $1,296 Per Month for 54 Mos

CYTOSORBENTS CORP: Terminates Sales Agreement with Cantor
DATACOM SYSTEMS: Latest Chapter 11 Plan Adds ATCI's Claim
DAYMARK SOLUTIONS: Court Approves Disclosures, Confirms Plan
DEERFIELD DAKOTA: Moody's Affirms B3 CFR, Outlook Stable
DOWN NECK: Unsecureds to Get $10K in Quarterly Payments Over 60 Mos

ECOSPHERE TECHNOLOGIES: Exclusivity Period Extended to July 18
ELK PETROLEUM: U.S. Trustee Unable to Appoint Committee
ENLOE STAT: Closed by Regulators; Legend Bank to Assume Deposits
EP ENERGY: Approves Key Employee Retention Program
FARWEST PUMP: Files Non-Adverse Technical Modification to Plan

FINCABIZ INC: Case Summary & 2 Unsecured Creditors
FLO-TECH INC: June 27 Approval Hearing on Disclosure Statement Set
FOLTS HOME: June 19 Approval Hearing on Amended Plan Outline
FRIENDSWOOD COMMERCIAL: Case Summary & 5 Unsecured Creditors
GARY REED ENTERPRISES: June 27 Disclosure Statement Hearing

GLANSAOL HOLDINGS: Discloses $1.65MM Contribution of Equity Sponsor
GREENTECH AUTOMOTIVE: Rubin and Rudman Represents Bi Claimants
HOOD LANDSCAPING: Voluntary Chapter 11 Case Summary
HOUTEX BUILDERS: Unsecureds to be Paid from Auction Proceeds
HUFFERMEN INC: Court OK's Disclosures; July 16 Plan Hearing

IPS WORLDWIDE: Trustee Taps Latham Shuker as Legal Counsel
J & S PRODUCE: Case Summary & 20 Largest Unsecured Creditors
J.C. PENNEY: Moody's Cuts CFR to Caa1 & Sr. Unsec. Notes to Caa3
JERRY TORRES: Voluntary Chapter 11 Case Summary
KONA GRILL: Taps Keen-Summit as Real Estate Advisor

KONA GRILL: Taps Pachulski Stang as Legal Counsel
LD INTERMEDIATE: S&P Puts 'CCC+' ICR on Watch Positive After Merger
LDE HOLDINGS: June 25 Plan Confirmation Hearing
MACON INC: Voluntary Chapter 11 Case Summary
N & B MANAGEMENT: Rimonis Seek Rejection of Proposed Plan Outline

NORBORD INC: DBRS Confirms BB Issuer Rating
NORTHWEST FARM: No Distribution for Unsecured Creditors Under Plan
OLEUM EXPLORATION: Seeks More Time to File Amended Exit Plan
ON TIME ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
OUTERSTUFF LLC: S&P Downgrades ICR to 'CCC+'; Outlook Negative

P2 UPSTREAM: Moody's Alters Outlook on Caa1 CFR to Positive
PLUTO ACQUISITION I: S&P Assigns 'B-' ICR; Outlook Positive
PRINCE ORGANIZATION: Case Summary & 17 Unsecured Creditors
PRINCETON ALTERNATIVE: U.S. Trustee Objects to Disclosure Statement
PROTEA BIOSCIENCES: Joint Plan Discloses Sale of Assets to SRI

PURE FISHING: S&P Alters Outlook to Negative, Affirms 'B' ICR
R-BOC REPRESENTATIVES: Plan and Disclosures Hearing Set for July 16
RICHARD YOUNG: District Court Junks Helena Bid for Leave to Appeal
RICHARDSON ACQUISITIONS: Case Summary & 20 Top Unsecured Creditors
RUFF MANAGEMENT: Case Summary & 10 Unsecured Creditors

RWP HOMES: Voluntary Chapter 11 Case Summary
SEARS HOLDINGS: Wollmuth, Mulder Represent 2 Retirees
SEARS HOMETOWN: Cleary Represents ESL in Acquisition
SHERIDAN FUND I: S&P Downgrades ICR to 'SD' on Revolver Extension
SHERIDAN FUND II: S&P Cuts ICR to 'SD' on Debt Service Deferrals

SOAPTREE HOLDINGS: Seeks to Extend Exclusivity Period to Aug. 20
SOUTHWEST SAFETY: June 25 Hearing on Plan and Disclosures Set
SUNCREST STONE: Plan Funds to Get Capital Injections from Edgewood
SUNTEC ALUMINUM: U.S. Trustee Unable to Appoint Committee
TAJ GRAPHICS: Bid to Compel C&A, A. Jade to Produce Documents Nixed

TAPSTONE ENERGY: Moody's Cuts CFR to Caa1 & Alters Outlook to Neg.
TELL MY PEOPLE: Plan Confirmation Hearing Set for June 18
TIAN RECLAMATION: June 27 Hearing on Disclosure Statement
TIBCO SOFTWARE: Moody's Affirms B3 CFR & Caa2 Unsec. Debt Rating
U.S. RENAL CARE: S&P Affirms 'B' ICR on Recap; Outlook Stable

U.S. STEEL: S&P Alters Outlook to Stable, Affirms 'B' ICR
WALL STREET SYSTEMS: S&P Removes 'B' ICR From Creditwatch Negative
WATERBRIDGE MIDSTREAM: Fitch Assigns 'B+' LT IDR, Outlook Stable
WATERBRIDGE MIDSTREAM: S&P Assigns 'B' ICR; Outlook Stable
[*] Jamie Edmonson Joins Robinson+Cole's Bankruptcy Practice

[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

22 SHORE PARK: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: 22 Shore Park Rd LLC
        22 Shore Park Road
        Great Neck, NY 11023

Business Description: 22 Shore Park Rd LLC classified itself as
                      "Single Asset Real Estate" (as defined in 11

                      U.S.C. Section 101(51B)).

Chapter 11 Petition Date: June 3, 2019

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Case No.: 19-74027

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Ehsanul Habib, Esq.
                  LAW OFFICE OF EHSANUL HABIB
                  118-21 Queens Blvd., Suite 603
                  Forest Hills, NY 11375
                  Tel: 718-285-0466
                  Fax: 718-520-0155
                  E-mail: ehsanulhbb@yahoo.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shaul Horan, member.

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

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

          http://bankrupt.com/misc/nyeb19-74027.pdf


2745 WEST 16TH STREET: Rental Income to Fund Proposed Plan
----------------------------------------------------------
2745 West 16th Street, LLC filed with the U.S. Bankruptcy Court for
the Eastern District of New York a disclosure statement in
connection with its chapter 11 plan of reorganization.

The plan proposes to pay allowed secured claims in Class 1 in full
commencing on the Effective Date. The Debtor estimates the
aggregate, approximate amount of allowed secured claims to be
$1,613,000 plus interest at it accrues.

On the Effective Date, the Debtor will have sufficient funds to
implement the first part of the plan, which will be paid over a
12-month period. These funds will be received through the
collection of rent from the tenants at the subject property, which
presently totals $8,500 per month. The Debtor intends to increase
the rent so that the total income from rents will be $18,500 per
month.

A copy of the Disclosure Statement is available at
https://tinyurl.com/y3q62g6e from Pacermonitor.com at no charge.

                 About 2745 West 16th Street

Based in Brooklyn, New York, 2745 West 16th Street LLC, a Single
Asset Real Estate, filed a voluntary Chapter 11 Petition (Bankr.
E.D.N.Y. Case No. 19-42321) on April 18, 2019, with estimated
assets and liabilities at $1 million to $10 million respectively.

Founded in 2010, the Company owns a property consisting of two
residential units and three commercial units.  It previously sought
bankruptcy protection on Aug. 18, 2018 (Bankr. E.D.N.Y. Case No.
18-44708).


34 HOLDING: Taps Harlem Lofts as Real Estate Broker
---------------------------------------------------
34 Holding Corp. received approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Harlem Lofts, Inc.,
as its real estate broker.

The firm will assist in the sale of a three-family townhouse owned
by the Debtor.  The property is located at 34 W. 128th St., New
York.

The firm will get a 5 percent commission if it is able to sell the
property, according to the terms of its sale agreement with the
Debtor.  

Harlem will have until July 31 to market the property and enter
into a contract.  If it fails to enter into a contract by July 31
and that period is not extended, then the firm is required, within
24 hours of the retention of an auctioneer, to supply the
auctioneer with a list containing the names of interested buyers.
If one of them is selected as purchaser at the auction, then Harlem
will get a 2.5 percent commission to be paid by the buyer.

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

The firm can be reached through:

     Robert Pair
     Harlem Lofts, Inc.
     272 Malcolm X Boulevard
     New York, NY 10027

                     About 34 Holding Corp.

Based in White Plains, N.Y., 34 Holding Corp., a privately held
company engaged in activities related to real estate, filed a
voluntary Chapter 11 petition (Bankr. S.D.N.Y. Case No. 18-23408)
on Sept. 11, 2018.

In the petition signed by Jeffrey I. Klein, president, the Debtor
estimated $1 million to $10 million in assets and liabilities.  
The Debtor listed Adrian George as its sole unsecured creditor
holding a claim of $317,829.

The case is assigned to Judge Robert D. Drain.  

Amanda Medina, Esq., in Norfolk, Conn., is the Debtor's counsel.


ADVANCE CASE: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Advance Case Parts, Inc., according to court dockets.
    
                   About Advance Case Parts Inc.

Advance Case Parts, Inc. -- www.advancecaseparts.com -- specializes
in service and repair of all supermarket or foodservice equipment.
It serves the Southeastern part of the United States, the
Caribbean, and South and Central America.

Advance Case Parts sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-14930) on April 16,
2019.  At the time of the filing, the Debtor had estimated assets
of between $1 million and $10 million and liabilities of between $1
million and $10 million.  

The case has been assigned to Judge Raymond B. Ray.  Akerman LLP is
the Debtor's legal counsel.


ADVANCED MICRO: S&P Upgrades ICR to 'BB-' on Debt Repayment
-----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Santa Clara,
Calif.-based semiconductor firm Advanced Micro Devices Inc. (AMD)
to BB-, reflecting the firm's improving balance sheet and
profitability.

S&P also raised its issue-level ratings on the firm's senior
unsecured debt to 'BB-' from 'B+'. Recovery ratings are unchanged
at '4'.

The rating agency's upgrade is driven by AMD's improving balance
sheet, with leverage declining to 1.8x as of March 30, 2019, down
from over 3x in 2017. This substantial leverage reduction has come
from both EBITDA growth as well as management's sustained
commitment to repay debt with excess cash, as seen by the $225
million of debt repayment in the last six months. S&P believes that
a conservative financial policy and an improving core business will
enable the firm to maintain leverage under 2.0x going forward, even
with a near-term slowdown in the GPU market. S&P is maintaining its
positive outlook on AMD, based on its view that further EBITDA
growth is likely to reduce leverage to under 1.5x over the next
year, which could drive a further upgrade.

The positive outlook on AMD reflects S&P's view that significant
share gains in the consumer CPU market and a recent reentry into
the server CPU market will enable AMD to continue to grow EBITDA
and cash flow even as GPU demand remains weak. The rating agency
forecasts leverage to decline further and to approach 1.5x within
12 months.

"We would look to leverage declining further and remaining under
1.5x as a primary criteria for an upgrade, along with further
market share gains against Intel, sustained share against Nvidia,
ongoing revenue growth, and expanded EBITDA margins as factors in a
potential upgrade. Continued commitment to a conservative financial
policy and further debt reduction would also be supportive of an
upgrade," S&P said.

"We could stabilize the rating on AMD if the firm's Zen
architecture CPUs and Vega GPUs lose traction in the market and the
firm market share growth stalls over the next year, leading to
leverage remaining over 1.5x. We would also view a deterioration in
the firm's liquidity position as a limiting factor on an upgrade,
and cash levels below $600 million could lead to a stabilized
rating outlook," S&P said.


AGT FOOD: S&P Withdraws 'B' ICR, Senior Unsecured Debt Rating
-------------------------------------------------------------
S&P Global Ratings withdrew its 'B' long-term issuer credit and
senior unsecured debt ratings on AGT Food and Ingredients Inc. at
the issuer's request following the privatization of the company. At
the time of the withdrawal, the ratings remained on CreditWatch
with negative implications, because S&P didn't have sufficient
information on the company's strategy and capital structure
following the redemption of its notes and privatization of the
company.


ALEGION INC: Modifies Treatment of Siemens' Secured Claims
----------------------------------------------------------
Alegion, Inc., filed a third amended Chapter 11 Plan and
accompanying Disclosure Statement to modify the treatment of
secured claims of Siemens Financial and the liquidation analysis.

Class 5: Secured Claims of Siemens Financial. Class 5 shall consist
of the portion of Siemens Financial Services, Inc.'s allowed claim
entitled to secured treatment pursuant to 11 U.S.C. Section 506. As
of the petition date, the Debtor owes SFS $154,988.48 pursuant to
Installment Sale Contract bearing Transaction No. 2736077, now
known as Contract No. 470-1000644-900, which obligation is secured
by a Caterpillar 535D Skidder, bearing Serial No. MTP00260, and all
equipment related thereto.  SFS shall have an allowed secured claim
in the amount of $87,500.
The allowed secured claim shall be amortized over five years and
shall accrue interest at 3.5% per annum commencing within 30 days
of the Effective Date of the Plan, resulting in monthly payments in
the amount of $1,592.  The first payment to SFS on its allowed
secured claim shall be due 30 days 2019, and continue monthly
thereafter with all subsequent payments due on or before the 15th
day of each month.  SFS shall have an allowed unsecured claim in
the amount of $67,488.48, and shall be entitled to receive payments
on its allowed unsecured claim pro rata along with Class 9 claim
holders. Except as modified herein, the SFS Loan Agreement remains
in effect and is incorporated herein by reference. SFS' allowed
secured claim and allowed unsecured claim are collectively referred
to as the "SFS Claims."

Any adequate protection payments paid to SFS in this case shall be
retained as adequate protection only and not applied to SFS’
allowed secured claim. Notwithstanding anything to the contrary in
the Plan:

   (a) The modification of the debt due to SFS shall not affect the
liability of any guarantor, endorser, or surety for such debt;
however, as long as the Debtor remains in compliance with the
provisions set forth in the Plan, and any Order confirming the Plan
as those provisions deal with the repayment of the SFS Claims, SFS
shall forbear from proceeding against any guarantor, endorser, or
surety of the debt owed to SFS evidenced by the SFS Claims.

   (b) If the Debtor defaults (i) in any payment due to SFS on the
SFS Claims or (ii) under the terms and conditions of the SFS Loan
Agreement, then, upon written notice to the Debtor and its
attorneys, and upon the Debtor's failure to cure said default
within fifteen (15) days of the date of the notice of default, SFS
may immediately proceed to exercise its state court remedies with
respect to the SFS Loan Agreement and SFS Collateral, including,
but not limited to, seizing, removing, and selling the SFS
Collateral, and the Debtor shall in all respects cooperate with SFS
in its efforts to recover possession of the SFS Collateral.

The Debtor believes that the plan is in the best interest of the
unsecured creditors. In the Plan the unsecured and undersecured
creditors will receive 100% of their allowed claims. If the Debtor
was liquidated in a Chapter 7 bankruptcy the unsecured and
undersecured creditors would receive less that 100% of their
claims.  If all of the secured assets were liquidated at the lowest
JM Wood auction estimate, then the secured creditors would have a
combined deficit balance of $556,578.88. That balance would be
added to the general unsecured balance of $105,353.16 and Central
States unsecured balance of $400,468.92. The total unsecured and
undersecured would be $1,062,400.90. If all of the unencumbered
assets were liquidated at the lowest JM Wood auction estimate, a
Chapter 7 estate would receive $140,500.00. That amount would be
added to the $425,000 to be received from the BP Settlement along
with the $180,347.47 total cash on hand. Therefore the total
available to unsecured and undersecured creditors would be
$745,847.47. In a Chapter 7 liquidation the Debtor anticipates that
the unsecured and undersecured creditors would receive
approximately 70% of their claims.

A full-text copy of the Third Amended Small Business Disclosure
Statement dated May 20, 2019, is available at
https://tinyurl.com/y32eyg9s from PacerMonitor.com at no charge.

                    About Alegion Inc.

Alegion, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Ala. Case No. 18-30912) on March 29, 2018.  In
the petition signed by Tammy Jordan, owner, the Debtor disclosed
that it had estimated assets of less than $50,000 and liabilities
of less than $50,000.  

Judge Dwight H. Williams Jr. presides over the case.  The Debtor
tapped Fritz Law Firm as its legal counsel.


ALL ABOUT KIDS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: All About Kids and Families Medical Center, Inc.
        12086 Ft. Caroline Road, Ste. 401
        Jacksonville, FL 32225

Business Description: All About Kids and Families Medical Center,
                      is a provider of pediatrics and family
                      care services in Jacksonville, Florida.

Chapter 11 Petition Date: June 4, 2019

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

Case No.: 19-02110

Debtor's Counsel: Jason A. Burgess, Esq.
                  THE LAW OFFICES OF JASON A. BURGESS, LLC
                  1855 Mayport Road
                  Atlantic Beach, FL 32233
                  Tel: 904-372-4791
                  Fax: 904-372-4994
                  E-mail: jason@jasonaburgess.com

Total Assets: $2,601,144

Total Liabilities: $5,460,400

The petition was signed by Dr. James A. Joyner IV, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

          http://bankrupt.com/misc/flmb19-02110.pdf


ALL CARE CONSULTANTS: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
All Care Consultants Inc., according to court dockets.
    
                 About  All Care Consultants Inc.

Based in Boca Raton, Fla., 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.


AMERICAN TECHNICAL: June 25 Plan Confirmation Hearing
-----------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of American
Technical Services, Inc., is conditionally approved.

The Court will conduct a hearing on confirmation of the Plan on
June 25, 2019 at 10:00 AM in Tampa, FL − Courtroom 8B, Sam M.
Gibbons United States Courthouse, 801 N. Florida Avenue .

Any written objections to the Disclosure Statement shall be filed
and served no later than seven (7) days prior to the date of the
hearing on confirmation.

Parties in interest shall submit written ballot accepting or
rejecting the Plan no later than eight (8) days before the date of
the Confirmation Hearing.

Objections to confirmation shall be filed and served no later than
seven (7) days before the date of the Confirmation Hearing.

              About American Technical Services

American Technical Services, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-08783) on
Oct. 12, 2018.  At the time of the filing, the Debtor estimated
assets of less than $50,000 and liabilities of less than $500,000.

The Debtor tapped Palm Harbor Law Group as its legal counsel.

The Debtor, on April 3, 2019, filed a Chapter 11 Plan providing
that all of its creditors will be paid in full within 42 months of
the confirmation of its proposed Plan of Reorganization.


AREABEATS PROPERTIES: To Close Escrow on Sale of Real Property
--------------------------------------------------------------
Area Beats Properties, LLC, filed its first amended combined plan
of reorganization and disclosure statement.

The latest plan discloses that the Debtor will close escrow on a
sale of its Real Property on or for a sum sufficient to pay all
claims in this case except for the subordinated claim of Laura van
Galen. In the event the sale price is insufficient to pay all
claims in full, general unsecured creditors will receive their pro
rata share of the greater of (i)the net sale proceeds, after full
payment of all secured claims and costs of sale (including without
limitation brokers' commissions), all pre-confirmation
administrative-expense claims, and all priority claims, (ii)
$60,000, minus the full payment of all priority claims and the full
payment of all pre-confirmation administrative-expense claims (not
including brokers’ commissions), or (iii) $6,328. (Thus, the
minimum distribution to general unsecured creditors will be 1/3 of
their allowed claim amounts.)

In the event the sale price is insufficient to pay all claims in
full, the payoff of the third lien of Redwood Cred. Union will be
reduced as necessary in order to facilitate the foregoing and
ensure there is at least $60,000 of net sale proceeds after full
payment of costs of sale (including without limitation brokers'
commissions), and payment of senior-lien debts. RCU will have the
right to object to any sale if the sale price is insufficient to
pay all claims in full.

In the event Debtor enters into a duly executed bona fide contract
to sell the Real Property to a disinterested third party on or
before June 30, 2019, free of any unusual contingencies and
supported by an earnest money deposit of at least $25,000, then
Debtor unilaterally may extend the deadline to close that escrow
one time only up to but not longer than 30 days, to June 30, 2019.
In the event the bona fide contract does not close escrow and is
terminated, to the extent the putative purchaser's earnest money
deposit is forfeited, such funds are to be paid to RCU against its
first lien, subject to the Liquidating Trustee's senior rights to
receive payment as set forth in this Plan. In the event that RCU
disputes that the escrow or sale agreement is bona fide or contends
that the sale agreement contains unusual conditions that it
believes render timely closing illusory, RCU may submit a request
to the Court for determination whether Debtor meets the Plan
conditions to extend the May 31, 2019, deadline. Debtor may submit
a response within two Court days thereafter, and the Court may
consider the matter on shortened time, without the need for an
adversary proceeding, on the earliest available hearing date and
time. If the Court resolves any such dispute in favor of RCU, then
the Liquidating Trustee will be appointed promptly thereafter to
perform its functions.

A copy of the Combined First Amended Plan and Disclosure Statement
is available at https://tinyurl.com/y5w73y3m from Pacermonitor.com
at no charge.

                About Areabeats Properties

AreaBeats Properties, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Cal. Case No. 18-31137) on Oct.
18, 2018. It filed as a single asset real estate debtor (as defined
in 11 U.S.C. Section 101(51B)).

In the petition signed by Laura van Galen, manager, the Debtor
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  Judge Hannah L. Blumenstiel oversees the
case.  The Debtor tapped the Law Office of Steven M. Olson as its
legal counsel.


ARMSTEAD RISK: Seeks to Hire Courtney Davy as Legal Counsel
-----------------------------------------------------------
Armstead Risk Management, Inc., seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire the
Law Office of Courtney Davy as its legal counsel.

The firm will provide services in connection with the Debtor's
Chapter 11 case, which include legal advice regarding its powers
and duties under the Bankruptcy Code; the prosecution and defense
of litigated matters that may arise during its Chapter 11 case; and
the preparation of a plan of reorganization.

Courtney Davy will charge an hourly fee of $300.  The firm was paid
a retainer in the amount of $2,500.

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

The firm can be reached through:

     Courtney K. Davy, Esq.
     Law Office of Courtney Davy
     305 Broadway, 14th Floor
     New York, NY 10007
     Phone: 516-850-1800
     E-mail: courtneydavy.esq@gmail.com

                  About Armstead Risk Management

Armstead Risk Management, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 19-41489) on March
14, 2019.  At the time of the filing, the Debtor estimated assets
and liabilities of between $1 million and $10 million.  The case is
assigned to Judge Elizabeth S. Stong.  The Law Office of Courtney
Davy is the Debtor's legal counsel.


ARQUIDIOCESIS DE SAN JUAN: Bid for Stay Pending Appeal Partly OK'd
------------------------------------------------------------------
Bankruptcy Judge Edward A. Godoy grants in part Debtor
Arquidiocesis de San Juan de Puerto Rico's motion for a stay
pending appeal.

Bankruptcy Rule 8007 governs motions for stay pending an appeal.
Courts consider the traditional four-part standard applicable to
preliminary injunctions. The Court must consider "(1) whether the
applicant has made a strong showing of success on the merits; (2)
whether the applicant will be irreparably harmed absent injunctive
relief; (3) whether issuance of the stay will injure other parties;
and (4) where the public interest lies."

As to the first prong, most if not all of the arguments raised by
the Debtor in its motion were considered and rejected by the Court
in its adjudication of the state court plaintiff’s motion to
dismiss. Nevertheless, the Court acknowledges that this case is sui
generis in that the Debtor is an entity whose rights derive
ultimately from the Treaty of Paris of 1898. This is not a typical
Debtor incorporated under state law. Even the case law cited by the
state court plaintiffs in their motion to dismiss is not entirely
on point, since those cases concern churches incorporated under
state law. Thus, the Court finds that the Debtor meets the first
factor.

Regarding the second factor, the Court also finds in favor of the
Debtor. The testimonies of Father Saenz Ramos and Ms. Barroso, both
of whom the Court found credible, detailed the financial harm the
attachments caused the Debtor and would cause again if no stay were
put in place.

Turning to the third factor, the Court first notes that the state
court plaintiffs' counsel informed the court at the hearing that
they are currently unable to proceed with the execution of the
pre-judgment attachment orders for reasons unrelated to this
bankruptcy case. If this is the case, then the imposition of a stay
pending appeal would cause no further harm. In any event, the Court
finds that any harm to the state court plaintiffs from the issuance
of stay can be minimized by crafting a narrowly stay order. The
Court, therefore, finds that the third prong also favors the
Debtor.

Finally, as to the fourth factor, the Court is persuaded that
staying the case until the appeal is decided by BAP is in the
public's interest.

The Court, therefore, imposes a limited stay on any attempt to
attach any debtor-in-possession bank account(s) identified in the
Debtor’s monthly operating reports until the appeal is decided by
BAP.

A copy of the Court's Opinion and Order dated April 25, 2019 is
available at https://tinyurl.com/y2tyrt89 from Pacermonitor.com at
no charge.

       About Arquidiocesis de San Juan de Puerto Rico

Arquidiocesis de San Juan de Puerto Rico -- http://www.arqsj.org/
-- is an unincorporated religious association in San Juan, Puerto
Rico.

Arquidiocesis de San Juan de Puerto Rico, a/k/a Iglesia Catolica
Apostolica Y Romana, Arquidiocesis De San Juan De Puerto Rico,
filed a petition for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D.P.R. Case No. 18-04911) on Aug. 29, 2018.  In the
petition signed by Father Alberto Arturo Figueroa Morales, vicar
general, the Debtor estimated $10 million to $50 million in assets
and liabilities.  Carmen D. Conde Torres, Esq., at C. Conde &
Assoc., is the Debtor's counsel.


ARR INVESTMENTS: Taps Baker & Hostetler as Legal Counsel
--------------------------------------------------------
ARR Investments, Inc., received approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Baker & Hostetler
LLP as its legal counsel.

The firm will provide services in connection with the Chapter 11
cases filed by the company and its affiliates, which include legal
advice regarding their rights and duties under the Bankruptcy Code;
negotiation with creditors; preparation of a plan of
reorganization; and solicitation of acceptances for the plan.  

Baker & Hostetler received advance fees in the total amount of
$105,000 prior to the Debtors' bankruptcy filing.

Baker & Hostetler does not represent any interest adverse to the
Debtors and their bankruptcy estates, according to court filings.

The firm can be reached through:

     Jimmy D. Parrish, Esq.
     Baker & Hostetler LLP
     200 S. Orange Avenue
     SunTrust Center, Suite 2300
     Orlando, FL 32801
     Tel: (407) 649-4000
     Fax: (407) 841-0168
     E-mail: jparrish@bakerlaw.com

                     About ARR Investments

ARR Investments, Inc., and its subsidiaries --
http://www.arr-learningcenters.com/-- offer learning centers for
infants, toddlers, preschoolers and Voluntary Pre-Kindergarten in
Orlando, Florida.  The Learning Centers provide computer labs;
dance, yoga, music classes; aerobics; foreign language instruction;
before/after school transportation; certified lifeguard and safety
instructor for swim lessons and play; and mini-camp breaks and
summer camp.
  
ARR Investments and three of its subsidiaries filed voluntary
petitions seeking relief under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Lead Case No. 19-01494) on March 8, 2019.  The
petitions were signed by Alejandrino Rodriguez, president.  At the
time of filing, the Debtors estimated under $10 million in both
assets and liabilities.  Jimmy D. Parrish, Esq., at Baker &
Hostetler LLP, serves as the Debtors' counsel.


ARUBA INVESTMENTS: S&P Alters Outlook to Positive, Affirms 'B-' ICR
-------------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating and all
issue-level ratings, and forecast that U.S-based Aruba Investments
Inc. (d/b/a ANGUS Chemical Co.) will continue to generate positive
free cash flow and further improve leverage measures.

S&P also revised its ratings outlook to positive from negative to
reflect the improved operating performance and strengthened
leverage metrics and its view of the possibility of an upgrade over
the next few months if operating performance continues to show
improvement and is sustained.

"The positive outlook reflects our view that we could upgrade Aruba
Investments in the next few– months if the company continues to
generate positive free cash flow and show improved operating
results resulting in S&P Global Ratings' adjusted leverage measures
sustained below 6.0x. The outlook revision also incorporates our
expectation that the company's operational issues regarding
inventory management are behind them," the rating agency said,
adding that the company now maintains a manageable debt maturity
profile, with the next maturity in November 2021 when the revolver
matures.

The positive outlook reflects the possibility of an upgrade in the
next couple of months if the company continues to improve operating
performance and credit measures with debt to EBITDA below 6.0x.
S&P's base case assumes mid-single digit revenue growth driven by
volume increases as the result of favorable end markets slightly
above U.S., Euro, and Asia GDP.

"We could raise the rating in the next few months if the company's
cost-savings initiatives and continued volume growth leads to
sustained leverage below 6.0x. This could happen if the company
improved its margins by 200 basis points--this scenario
incorporates the company continuing to generate positive free cash
flow," S&P said.

"We could consider a negative rating action on the company if it
runs into unforeseen operational issues leading to increased
leverage measures approaching 7.0x. In addition, if the company
issues any additional debt to fund shareholders rewards we would
consider a negative rating action," S&P said.


AVANTOR INC: Moody's Raises CFR to B1, Outlook Stable
-----------------------------------------------------
Moody's Investors Service upgraded Avantor, Inc.'s Corporate Family
Rating to B1 from B3 and the Probability of Default Rating to B1-PD
from B3-PD. Moody's also upgraded the ratings on the senior secured
credit facilities and notes to Ba2 from B2 and the unsecured notes
to B3 from Caa2. This concludes the rating review for upgrade that
was initiated on May 7, 2019. In addition, Moody's assigned a
Speculative Grade Liquidity Rating of SGL-1. The outlook is
stable.

The upgrade of the CFR reflects the improvement in Avantor's
financial profile following the completion of its IPO and
subsequent debt repayment. As a result, the company's debt/EBTIDA
has improved to 5.6x pro forma, using Moody's adjustments. The
upgrade to B1 reflects Moody's view that adjusted debt to EBITDA
will decline to the 4.5-5.5x range over the next 12-24 months.

Moody's upgraded the following ratings that were previously on
review for upgrade:

Issuer: Avantor, Inc.

Corporate Family Rating, Upgraded to B1 from B3

Probability of Default Rating, Upgraded to B1-PD from B3-PD

Senior Secured Revolving Credit Facility to Ba2 (LGD2)
from B2 (LDG3)

Senior Secured first lien Term Loan B to Ba2 (LGD2) from
B2 (LDG3)

Guaranteed Senior Secured first lien Notes to Ba2 (LGD2)
from B2 (LGD3)

Guaranteed Senior Unsecured Notes to B3 (LGD5) from
Caa2 (LGD5)

Assignments:

Issuer: Avantor, Inc.

  Speculative Grade Liquidity Rating, Assigned SGL-1

Outlook Actions:

Issuer: Avantor, Inc.

  Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

The B1 Corporate Family Rating reflects the steady and largely
recurring nature of around 80% of the company's revenue base, as
well as the high customer switching costs associated with the
company's ultra-high purity materials business. The rating also
reflects the company's good scale with revenues approaching $6
billion and good customer, geographic and product diversification.
Moody's anticipates that Avantor will generate positive free cash
flow and will maintain very good liquidity.

The rating also reflects elevated financial leverage,
notwithstanding the recent deleveraging associated with the IPO.
Moody's estimates that Avantor's pro forma debt to EBITDA was
roughly 5.6 times as of March 31, 2019. The rating also
incorporates the potential for earnings volatility associated with
Avantor's legacy business.

The stable outlook reflects Moody's expectation that Avantor's
operating performance will be supported by low-to-mid single digit
organic growth and realization of cost savings over the next 12-18
months. Moody's also expects the company to remain highly leveraged
over this time frame.

Moody's could upgrade the ratings if Avantor's earnings and cash
flow improve substantially. Specifically, if Moody's believes that
adjusted debt/EBITDA will be sustained below 4.5 times, the ratings
could be upgraded.

Moody's could downgrade the ratings if Avantor experiences
disruption in the ongoing integration of VWR, if anticipated cost
and revenue synergies fail to materialize, or if the company makes
debt-funded acquisitions. A weakening of liquidity or Moody's
expecting that Avantor will be unable to sustain free cash flow of
at least $150 million annually could also put pressure on the
ratings. Finally, if Moody's believes that adjusted debt/EBITDA
will be sustained above 5.5 times, the ratings could be
downgraded.

Avantor is a global provider of mission critical products and
services to the life sciences and advanced technologies & applied
materials industries. The company is headquartered in Pennsylvania.
In 2018, Avantor had revenue of approximately $6 billion.

Moody's is also correcting its database to reflect that the bank
loans (CUSIPs 05350NAC8 and 05350NAD6), which were rated B2 on May
22nd, should also have been placed on watch for upgrade at that
time. Due to an internal administrative error, the watch status was
not reflected for these two instruments.


B SQUARE BURGER: Taps D.A. Rich as Accountant
---------------------------------------------
B Square Burger Co., LLC, received approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire D.A.
Rich LLC as its accountant.

The services to be provided by the firm include the preparation of
tax returns and other filings required by taxing authorities.  D.A.
Rich will charge an hourly fee of $150 for its services.

Thomas Rich, a certified public accountant employed with D.A. Rich,
disclosed in court filings that he and his firm do not represent
any interest adverse to the Debtor and its estate.

The firm can be reached through:

        Thomas D. Rich
        D.A. Rich LLC
        2067 Barnum Avenue, Unit C
        Stratford, CT 06615
        Phone: (203) 375-1678
        Fax: 203-375-0903
        E-mail: thomasrich@optonline.net

                   About B Square Burger Co.

B Square Burger Co. LLC operates a retail restaurant at 1021 E. Las
Olas Blvd., Ft. Lauderdale, Fla.

B Square Burger Co. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-10527) on Jan. 15,
2019.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $100,000.  The case
is assigned to Judge John K. Olson.  Behar, Gutt & Glazer, P.A., is
the Debtor's legal counsel.


B. & J. PROPERTY: Exclusive Filing Period Extended Until July 1
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon extended the
period during which B & J Property Investments, Inc. has the
exclusive right to file a Chapter 11 plan through July 1, and to
solicit acceptances for the plan through Aug. 30.

The extension will give B & J more time to determine if a
resolution of the class action case (Case No. 13C14321) filed
against the company and its owner William John Berman is possible.
The company and Mr. Berman also anticipate the filing of a motion
to administratively consolidate their bankruptcy cases for the
purposes of confirmation of their reorganization plans.

The class action filed in the Circuit Court for the State of Oregon
for the County of Marion is on appeal and currently enrolled in the
Appellate Settlement Conference Program with the Oregon Court of
Appeals.  B & J and the plaintiffs in the class action case intend
to engage in the Appellate Settlement Program to see if the case
can be resolved, according to court filings.

               About B. & J. Property Investments

B. & J. Property Investments, Inc., is a privately held company
engaged in commercial and industrial machinery and equipment rental
and leasing.

B. & J. Property Investments filed a Chapter 11 petition (Bankr. D.
Ore. Case No. 19-60138) on Jan. 17, 2019.  In the petition signed
by William Berman, president, the Debtor reported a range of $1
million to $10 million in assets and the same range of liabilities.
The case is assigned to Judge Peter C. McKittrick.  The Debtor is
represented by Tonkon Torp LLP.


BALLANTYNE BRANDS: June 25 Hearing on Disclosure Statement
----------------------------------------------------------
The hearing to consider approval of the disclosure statement of
Ballantyne Brands, LLC, a Delaware LLC will be held on June 25,
2019 at 09:30 AM, Charles R. Jonas Federal Building, 401 West Trade
Street, Courtroom 1−4, Charlotte, NC 28202.

The last date to file and serve written objections to the
disclosure statement pursuant to Rule 3017(a) is fixed as June 18,
2019.

                 About Ballantyne Brands

Ballantyne Brands -- https://www.misticecigs.com/ -- manufactures
electronic cigarette under the brand Mistic.

Ballantyne Brands LLC, a Delaware limited liability company, and
Ballantyne Brands LLC, a North Carolina limited liability company,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D.N.C. Case Nos. 19-30083 and 19-30084) on Jan. 18, 2019.

At the time of the filing, Ballantyne Brands disclosed $189,222 in
assets and $16,613,740 in liabilities.  Meanwhile, the company's
North Carolina affiliate reported zero assets and liabilities of
$1,586,511.  

The cases are assigned to Judge Craig J. Whitley.  Moon Wright &
Houston, PLLC is the Debtors' legal counsel.


BCP RAPTOR II: Moody's Cuts CFR to B3, Outlook Stable
-----------------------------------------------------
Moody's Investors Service downgraded the ratings of BCP Raptor II
LLC (Caprock) including its Corporate Family Rating to B3 from B2
and its Probability of Default Rating to B3-PD from B2-PD. Moody's
also downgraded Caprock's senior secured term loan rating to B3
from B2 and its senior secured revolving credit facility rating to
Ba3 from Ba2. The outlook is stable.

"Caprock's under-performance through 2018 and its revised
projections for gathering and processing volume ramp considerably
slow the company's ability to reduce its high financial leverage
and also limit the company's growth in scale in the near-term,"
commented Sreedhar Kona, Moody's Senior Analyst. "The company's
cash flow visibility from current drilling activity of its
customers and their corresponding production growth contribute to
the stable outlook."

Downgrades:

Issuer: BCP Raptor II, LLC

  Corporate Family Rating, Downgraded to B3 from B2

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

  $690 million Gtd. Senior Secured Term Loan, Downgraded to B3
  (LGD4) from B2 (LGD4)

  $50 million Gtd. Senior Secured Revolving Credit Facility,
  Downgraded to Ba3 (LGD1) from Ba2 (LGD1)

Outlook actions:

Issuer: BCP Raptor II, LLC

  Outlook, Remains Stable

RATINGS RATIONALE

Caprock's downgrade to B3 is mainly due to less than expected ramp
up in its cash flows through the end of 2018 and the delayed path
to reduction in its high financial leverage. Additionally, based on
the revised projections, Caprock is limited in its ability to grow
scale significantly in the near-term, constraining its credit
profile. While Caprock is a critical component in the EagleClaw
family's broader midstream infrastructure in the Southern Delaware
region of the Permian Basin, as a stand-alone credit entity,
Caprock's debt is only supported its stand-alone cash flows.

Caprock's B3 CFR reflects its high initial financial leverage,
relatively small scale and geographical concentration. Caprock is
fully reliant on its producer customers to significantly increase
their production through 2019 and beyond, in order for Caprock to
realize its forecasted ramp up in hydrocarbon volumes through its
systems. The company's contracts are largely fee based, minimizing
direct commodity price risk, although lack of significant minimum
volume commitments (MVC) contracts highlight the volume risk.
Caprock's small scale limits the number of customers it services,
however, the operational integration with EagleClaw systems through
an offload agreement will allow both the companies to operate as a
larger system with scale that will be mutually beneficial.

Caprock benefits from its location in the Delaware Basin, which is
highly economic for additional drilling in the current oil price
environment. Improvement in Caprock's credit metrics, specifically
the reduction of its financial leverage is dependent on company's
cash flow growth through higher volumes. Caprock's full-service
model of spanning three production streams of natural gas, crude
oil and water, and one that captures multiple revenue streams from
each well enhances the company's cash flow generation ability. The
company's credit profile is also enhanced from structural
enhancements like an excess cash flow sweep, funded debt service
reserve account and capex reserve accounts.

The $690 million Term Loan B maturing in November 2025 is rated B3,
the same as the CFR. The $50 million Super Priority Senior Secured
First Lien Revolving Credit Facility has a super priority payment
preference over the Term Loan and is rated Ba3. Given the small
size of the Revolver as compared to the Term Loan, the Term Loan is
rated the same as the CFR.

Moody's expects that Caprock will maintain adequate liquidity. As
of March 31, 2019, Caprock had $14 million of cash and full
availability under its $50 million Senior Secured Super Priority
Revolver (with maturity in November 2023), and Debt Service Reserve
Account backstopped by a letter of credit, to meet six months of
debt service needs. Caprock also has an $86 million Capex Reserve
account backed by a letter of credit and as of March 31, 2019 the
account had a balance of $9.1 million. Moody's expects the company
will be able to fund its debt service obligations and growth
capital expenditures through cash from operations, from the funds
in the reserve accounts and an additional $40 million commitment
from its sponsors. Caprock has a mandatory 100% excess cash flow
sweep provision on the term loan (with step downs to 0% when first
lien net leverage drops below 3.5x), resulting in some debt
reduction beyond mandatory amortization while leaving minimal cash
balances at the company. The Term Loan has a minimum debt service
coverage ratio covenant of 1.1x. In addition, the revolver has a
maximum total debt to total capitalization of 70%. Moody's expects
the company to be in compliance with these covenants. The Revolver
and Term Loan will have first priority lien on all assets of the
company, therefore limiting asset sales to raise cash.

The stable outlook reflects Caprock's cash flow visibility,
customers' capital spending and production growth plans.

Ratings could be downgraded if the planned volume ramp falls behind
expectations, if debt/EBITDA is unlikely to approach 6x by year-end
2020. Ratings could also be downgraded if liquidity weakens.

Caprock's ratings could be upgraded if the company successfully
realizes its planned volume and corresponding earnings growth with
EBITDA approaching $200 million, and reduces debt/EBITDA below 6x
while maintaining adequate liquidity.

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

Caprock is a privately-held, Houston, Texas company that owns and
operates natural gas gathering and processing, crude oil gathering
and, produced water gathering and disposal systems located in the
Southern Delaware Basin. Blackstone Energy Partners, Blackstone
Capital Partners and I Squared Capital together own a majority of
Caprock.


BCP RAPTOR: Moody's Affirms B3 CFR, Outlook Stable
--------------------------------------------------
Moody's Investors Service affirmed the ratings of BCP Raptor LLC
(EagleClaw), including its B3 Corporate Family Rating, B3-PD
Probability of Default Rating, and the B3 senior secured term loan
rating. The rating outlook is stable.

"Although EagleClaw continues to underperform on its projected
gathering and processing volumes exacerbating the burden of high
financial leverage, the company's increased acreage dedications and
the sponsor's strong focus on Permian Basin demonstrated by
incremental infrastructure build-out largely funded by equity
infusion, position the company for long term growth," commented
Sreedhar Kona, Moody's Senior Analyst. "The company's ability to
maintain covenant compliance and adequate liquidity support the
stable outlook".

Debt List:

Affirmations:

Issuer: BCP Raptor, LLC

Corporate Family Rating, affirmed B3

Probability of Default Rating, affirmed B3-PD

Senior Secured First Lien Term Loan, affirmed B3 (LGD4)

Outlook Actions:

Issuer: BCP Raptor, LLC

Outlook, Remains Stable

RATINGS RATIONALE

EagleClaw's very high financial leverage and continued
underperformance in the gathering and processing volume ramp
creates a substantial stress on the company's balance sheet. Yet,
the company's long-term value proposition combined with the other
infrastructure projects within the EagleClaw family, demonstrated
sponsor commitments through follow-on equity investments and the
production potential of the Southern Delaware Basin in the Permian
offset the balance sheet risk significantly.

EagleClaw's B3 CFR reflects its very high financial leverage, and
continued reliance on a steep increase in the gathering and
processing volumes through 2019 and 2020 to accomplish the planned
reduction in financial leverage. EagleClaw is also tempered by its
relatively small scale and geographical concentration, although the
acreage serviced is in the highly productive and economic Southern
Delaware Basin. EagleClaw's top customers consist of Centennial
Resource Production, LLC (B1 stable), Concho Resources Inc. (Baa3
stable) and PDC Energy (Ba3 stable). However, a significant portion
of the acreage is held by private unrated customers. As evidenced
by the variance in EagleClaw's 2017 and 2018 volume ramp, the
growth plans of all of these customers are exposed to the risks of
completion delays, curtailments due to infrastructure bottlenecks
and resource recovery issues such as parent-child well
interference.

EagleClaw benefits from acreage dedication contracts spread over
432,000 acres with 21 customers, large invested equity by an
experienced sponsor and adequate liquidity. The contracts are
largely fee-based, minimizing direct commodity price risk,
although, lack of any material minimum volume commitment (MVC)
contracts results in volume risk. The ratings also benefit from
structural enhancements like an excess cash flow sweep, a capex and
interest reserve account, a debt service reserve account and an
equity commitment account.

The $1.25 billion Term Loan ($1.23 billion outstanding as of March
31, 2019) maturing in May 2024 is rated B3 (the same as the CFR).
The $100 million Revolver ($30 million outstanding as of March 31,
2019) maturing in May 2022 has a super priority preference over the
Term Loan. However given small size of the Revolver as compared to
the Term Loan, the Term Loan is rated the same as the CFR.

Moody's expects that EagleClaw will maintain adequate liquidity. As
of March 31, 2019, EagleClaw had $8.5 million of cash, and $1
million in the Capex & Interest Account, in addition to a Debt
Service Reserve Account supported via a Letter of Credit for 6
months of expected interest and amortization payments. The company
has so far fully drawn on the sponsors' $198 million in its Equity
Commitment Account. The sponsors have committed an additional $378
million in equity capital which will be drawn for funding further
infrastructure build-out. EagleClaw will rely on its reserve
account, operating cash flow and additional equity commitment to
meet its cash needs. The Term Loan has a minimum debt service
coverage ratio covenant of 1.1x, the Revolver has maintenance
covenants of a Maximum Super Priority Leverage Ratio of less than
1.25x. Moody's expects the company to be in compliance with its
covenants.

EagleClaw's stable outlook reflects an expected volume and cash
flow ramp that will lead to a steady progression to gradually
lowering leverage in 2019.

Ratings could be downgraded if the planned volume ramp falls behind
expectations, if debt/EBITDA is unlikely to approach 6x by year-end
2020. Ratings could also be downgraded if liquidity weakens.

EagleClaw's ratings could be upgraded if the company realizes its
planned volume and corresponding EBITDA growth, and reduces
debt/EBITDA below 6x while maintaining adequate liquidity.

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

BCP Raptor, LLC, the parent of EagleClaw Midstream Ventures, LLC,
is a privately owned natural gas gathering and processing company
in the Southern Delaware Basin. Blackstone Energy Partners,
Blackstone Capital Partners and I Squared Capital together own a
majority of BCP Raptor, with a small percentage owned by
management.


BRAZOS DELAWARE II: Moody's Cuts CFR & Term Loan Rating to B3
-------------------------------------------------------------
Moody's Investors Service downgraded Brazos Delaware II, LLC's
Corporate Family Rating to B3, Probability of Default Rating to
B3-PD, and senior secured term loan rating to B3. The outlook is
stable.

"Brazos under-performance through 2018 significantly slowed the
company's path to reduce its high initial financial leverage and
the revised projections limit the prospect of improving the
financial leverage and company's growth in scale in the near-term,"
commented Sreedhar Kona, Moody's Senior Analyst. "The visibility to
Brazos' volume ramp and cash flows, and the sponsor support
contribute to the stable outlook."

Downgrade Actions:

Issuer: Brazos Delaware II, LLC

  Corporate Family Rating, downgraded to B3 from B2

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

  $900MM Senior Secured Term Loan, downgraded to B3 (LGD4)
  from B2 (LGD4)

Outlook Actions:

Issuer: Brazos Delaware II, LLC

  Outlook, remains Stable

RATINGS RATIONALE

Brazos' downgrade to B3 is mainly due to less than expected ramp up
in its cash flows through the end of 2018 and the delayed path to
reduction in its high financial leverage. Additionally, based on
the revised projections, Brazos is limited in its ability to grow
scale significantly in the near-term, constraining its credit
profile.

Brazos' B3 CFR reflects its high financial leverage, relatively
small scale and geographical concentration, although in the highly
economic Southern Delaware Basin. Brazos is fully reliant on its
producer customers to significantly increase their production
through 2019 and 2020 in order for Brazos to realize its forecasted
steep ramp up in natural gas volumes through its systems. While the
top customers of Brazos have demonstrated their ability and
willingness to pursue aggressive development and growth plans in
their respective acreages dedicated to Brazos, they are not immune
to the risks of completion delays, curtailments caused due to
infrastructure bottlenecks and more recent hydrocarbon recovery
issues such as parent-child interference.

Brazos benefits from acreage dedication contracts spread over
500,000 acres in the highly productive Southern Delaware Basin with
demonstrated superior economics for operators in that region.
Although Brazos does not have any minimum volume commitment
contracts, its revenues are generated from 100% fixed-fee contracts
that minimize direct commodity price risk. Brazos' top five
customers that generate 90% of the revenues are all Permian focused
producers with significant development plans in the region. Brazos
generates a modest portion of its revenues from crude oil
gathering, equipping the company with a higher margin service. The
company's credit profile is enhanced from structural enhancements
like an excess cash flow sweep, funded debt service reserve account
and capex & interest reserve accounts. Moody's projects Brazos'
debt to EBITDA to be below 6x by year-end 2019

The $900 million Term Loan B maturing in March 2025 ($893 million
outstanding as of March 31, 2019) is rated B3, the same as the CFR.
The $50 million Super Priority Senior Secured First Lien Revolving
Credit Facility has a super priority preference over the Term Loan.
However, given the small size of the Revolver as compared to the
Term Loan, and the Term Loan's security claim on substantially all
assets, the Term Loan is rated the same as the CFR.

Moody's expects that Brazos will maintain adequate liquidity. As of
December 31, 2019, Brazos had approximately $30 million of cash
balance and full availability under its $50 million Senior Secured
Super Priority Revolver (with maturity in May 2023), and Debt
Service Reserve Account backstopped by a letter of credit, to meet
six months of debt service needs. Moody's expects the company will
be able to fund its debt service obligations and growth capital
expenditures through cash from operations, from the funds in the
reserve accounts and additional equity committed by the sponsors.
Brazos has a mandatory 100% excess cash flow sweep provision on the
term loan (with step downs to 0% when consolidated first lien net
leverage drops below 4.50x), resulting in some debt reduction
beyond mandatory amortization while leaving minimal cash balances
at Brazos. The Term Loan will have a minimum debt service coverage
ratio covenant of 1.1x. In addition, the revolver will have
maintenance covenants of a Maximum Super Priority Leverage Ratio to
be less than 1.25x and maximum total debt to total capitalization
to be less than 60%. Moody's expects the company to be in
compliance with its covenants. The Revolver and Term Loan will have
first priority lien on all assets of the company.

The stable outlook reflects Brazos' cash flow visibility,
customers' capital spending and production growth plans.

Ratings could be downgraded if the planned volume ramp falls behind
expectations, if debt/EBITDA is unlikely to approach 6x by year-end
2020. Ratings could also be downgraded if liquidity weakens.

Brazos' ratings could be upgraded if the company successfully
realizes its planned volume and corresponding earnings growth with
EBITDA approaching $200 million and reduces debt/EBITDA below 6x
while maintaining adequate liquidity.

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

Brazos Delaware II, LLC is a privately-held, Fort Worth, Texas
based natural gas gathering, processing and crude gathering
services business with assets located in Southern Delaware Basin.
Brazos is owned by North Haven Infrastructure Partners II (NHIP II)
an investment fund managed by Morgan Stanley Infrastructure.


BSG RESOURCES: Chapter 15 Case Summary
--------------------------------------
Chapter 15 Debtor:          BSG Resources Limited
                            (in administration)
                            West Wing Frances House
                            St. William Place
                            St. Peter Port GY1 1GX
                            Guernsey

Business Description:       Founded in 1998, BSG Resources Limited
                            operates as a natural resources and
                            power company.  Its mining and metals
                            operations include diamonds, copper,
                            iron ore, and gold.

Foreign
Proceeding:                 In the Matter of BSG Resources Limited
                            and in the Matter of Part XXI of the
                            Companies (Guernsey) Law, 2008 (The
                            Royal Court of Guernsey (Ordinary
                            Division))

Chapter 15 Petition Date:   June 3, 2019

Court:                      United States Bankruptcy Court
                            Southern District of New York
                            (Manhattan)

Chapter 15 Case No.:        19-11845

Judge:                      Hon. Sean H. Lane

Foreign
Representative:             William Callewaert and Malcom Cohen,
                            as Joint Administrators
                            Rue du Pre
                            St. Peter Port GY1 3QG
                            Guernsey

Foreign
Representatives'
U.S. Counsel:               Frederick D. Hyman, Esq.
                            DUANE MORRIS LLP
                            1540 Broadway
                            New York, NY 10036
                            Tel: 212-692-1000
                            Fax: 212-692-1020
                            Email: RHyman@duanemorris.com

Estimated Assets:           Unknown

Estimated Debts:            Unknown

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

         http://bankrupt.com/misc/nysb19-11845.pdf


BSG RESOURCES: Seeks U.S. Recognition of Guernsey Proceedings
-------------------------------------------------------------
Administrators of Beny Steinmetz's BSG Resources Limited has filed
a Chapter 15 bankruptcy petition for the mining company to seek
U.S. recognition of administration proceedings in Guernsey, an
island in the English Channel.

BSG Resources, a non-cellular limited liability company
incorporated in Guernsey, is engaged in activities related to the
exploration, development, extraction, refinement and marketing of
natural resource products, including diamonds and power generation.
The company lost precious ore mining rights in the Republic of
Guinea in Africa after a new president was elected in the country
and due to corruption allegations by billionaire George Soros.

BSG has diamond mining operations in the Republic of Sierra Leone
through a subsidiary, Octea Limited.  BSG has a minority interest
in a power generation operation held through a subsidiary, West
African Power Limited, in the Federal Republic of Nigeria.  BSG
previously had an iron ore operation held through a subsidiary, BSG
Resources (Guinea) Limited in Guinea but operations have ceased.

In March 2018, the Debtor entered into administration under Part
XXI of the Companies (Guernsey) Law, 2008 before the Royal Court of
Guernsey (Ordinary Division).

Guernsey is one of three crown dependencies located off the coast
of Great Britain.

The Guernsey Court appointed BDO LLP's Malcolm Cohen and William
Callewaert as joint administrators of the Debtor.  The Guernsey
Administration is on-going.  The statutory purpose of the Guernsey
Administration is the survival of the Debtor and the whole or any
part of its undertaking as a going concern.  In order to achieve
this, the Joint Administrators have been working closely with the
Debtor's management and advisors to preserve and ultimately
monetize the Debtor's valuable assets -- including the Soros Claim
and the Guinea ICSID Proceeding -- and to defend against asserted
liabilities (e.g., the Vale LCIA Proceeding).

                        Guinea Operations

The Guinean Iron Ore Mining Operation relates to its interests in
world-class iron ore deposits in the Republic of Guinea and
comprises:

   a. An iron ore mining concession granted to BSG Resources
(Guinea) SARL on March 19, 2010 over an area in Simandou South,
near the village of Zogota;

   b. A mining and infrastructure agreement dated Dec. 16, 2009
entered into by two subsidiaries of the Debtor, BSGR Guinea and
VBG-Vale BSGR Ltd., with the Republic of Guinea regarding the
rights and obligations arising from the Zogota Mining Concession;
and

   c. A prospecting permit granted to BSGR Guinea over an area
referred to as "Simandou Blocks 1 and 2" granted on December 9,
2008.

In 2010, the Debtor entered into a joint venture with the Brazilian
mining company Vale S.A. in relation to the development of the
three mining rights and concessions in Guinea.  The Debtor
repurchased Vale’s shares in VBG in May 2015.

In 2011, Alpha Conde was elected President of the Republic of
Guinea.  Following President Conde's election, the Debtor, BSGR
Guinea and VBG faced obstruction in developing the Mining Rights.

In 2012, the Debtor was informed that President Conde had set up a
committee aimed at investigating how certain mining rights in
Guinea (including the Mining Rights) had been obtained (the "Guinea
Review Committee").  The Debtor denied -– and continues to deny
-- the allegations made against it by the Guinea Review Committee.
However, in March 2014, the Guinea Review Committee recommended to
the Strategy Committee of the Government of Guinea that the Mining
Rights be cancelled and expropriated, and the companies within the
Debtor's control be prevented from being re-awarded the Mining
Rights.

In April 2014, the Government of Guinea stripped BSGR Guinea and
VBG of the Mining Rights and excluded the Debtor, BSGR Guinea and
VBG from participating in the tender process to reallocate the
Mining Rights.  As a result, the Debtor's Guinean mining operations
have ceased.

The Debtor asserts that the decisions of the Guinea government were
importuned, influenced, motivated and ultimately controlled by
certain illegal conduct of George Soros and certain
co-conspirators, which assertion is the basis of the Soros Claim.

                     Guinea ICSID Proceeding

In August 2014, the Debtor initiated an arbitration proceeding with
the International Centre for Settlement of Investment Disputes
("ICSID") against the Republic of Guinea.

Through the Guinea ICSID Proceeding, the Debtor and its
subsidiaries are seeking the restitution of the Mining Rights, as
well as damages arising out of the unlawful revocation and
expropriation of the Mining Rights.  A hearing in the Guinea ICSID
Proceeding was held in Paris, France between May 22 and June 2,
2017.  The briefing of the Guinea ICSID Proceeding was concluded in
July 2018.

In February 2019, a non-binding agreement was signed by the Debtor
and two of its subsidiaries and the Government of Guinea to set out
certain provisional matters which the parties would seek to
progress as a means to resolve the Guinea ICSID Proceeding on a
consensual basis.  If such a consensual resolution is ultimately
reached, it is anticipated that it will include the release of all
of the Debtor's claims to the Simandou and Zogota licenses in
return for the grant by the Government of Guinea of a new license
over the Zogota deposits, to be exploited by a third party, with
the Debtor to be entitled to participate in the revenues from this
license, as well as a mutual withdrawal of allegations made by each
party in the Guinea ICSID Proceeding. Work is proceeding towards
the progression of the non-binding agreement into a formal, binding
contractual arrangement.  While that work is on-going, the Guinea
ICSID Proceeding is currently suspended (although may be
recommenced by either party in the event that the negotiations
between the parties do not result in consensual settlement).

                       Vale LCIA Proceeding

On April 28, 2014, prior to the Debtor's purchase of Vale's VBG
Shares, Vale filed a Request for Arbitration against the Debtor in
the London Court of International Arbitration (the "LCIA") seeking
to recoup its investment in VBG which was allegedly lost as a
result of the expropriation actions of the Guinean government).

Years later, on April 4, 2019, the LCIA tribunal entered an award
in favor of Vale and against the Debtor in the amount of
$1,246,580,846 plus pre- and post-award interest (the "LCIA
Award").

The Debtor filed a timely challenge under Section 68 of the English
Arbitration Act 1996 to the LCIA Award with the High Court of
Justice, Business and Property Courts of England and Wales,
Commercial Court (QBD) on May 10, 2019.  The UK Arbitration
Challenge is made on the basis that the LCIA tribunal was infected
by apparent bias and/or failed to comply with its general duty to
conduct the proceedings fairly and impartially which constitutes a
"serious irregularity" under English law.  The primary relief
sought by the Debtor in the UK Arbitration Challenge is that the
LCIA Award be set aside and/or declared to be of no effect.

Vale has obtained an order from the English High Court dated May 9,
2019 to enforce the LCIA Award in England and Wales (the "UK
Enforcement Order").  However, the UK Enforcement Order has since
been stayed by virtue of an application made by the Debtor to the
English High Court on May 23, 2019 to set aside the UK Enforcement
Order (the "Set Aside Application").  The Set Aside Application was
made on the basis that the Debtor has separately issued the UK
Arbitration Challenge the effect of which, if successful, would be
to set aside or annul the LCIA Award. Vale is automatically stayed
from enforcing the LCIA Award in England and Wales pending final
determination of the Set Aside Application.

Notwithstanding the UK Arbitration Challenge and the stay issued in
connection with the Set Aside Application, on April 23, 2019, Vale
filed a Petition for Recognition Enforcement of a Foreign
Arbitration Award (the "Vale Enforcement Petition") in the United
States District Court for the Southern District of New York (the
"District Court").  That action is docketed in the District Court
as Vale S.A. v. BSG Resources Limited, Case No. 19-cv-3619-VSB.
Through the Vale Enforcement Petition, Vale is seeking recognition
of the LCIA Award by the District Court, together with entry of
judgment against the Debtor in an amount equal to the LCIA Award
plus interest and costs.

          The Soros Claim - the Debtor's Only U.S. Asset

The Debtor's only asset in the United States is a contingent
litigation interest against George Soros and certain entities he
controls.

Recognition of the Guernsey Administration is necessary in order to
protect and preserve the Debtor's interest in this asset, says
Malcolm Cohen, a partner at BDO LLP, serving as administrator of
the Debtor.

On April 14, 2017, the Debtor, VBG (n/k/a BSG Resources (Guinea)
Limited), and BSGR Guinea filed a complaint in the District Court
against George Soros and Open Society Foundations, which was later
amended to include as defendants Open Society Institute, Foundation
to Promote Open Society, Open Society Foundation, Inc., Alliance
for Open Society International, Inc., Open Society Policy Center,
and Open Society Fund asserting claims for illegal interference
with contract, fraud, defamation and other matters relating to the
Soros Defendants' involvement in the Guinean government's
expropriation of the Debtor's Mining Interests (generally, the
"Soros Claim").

By the Soros Claim, the Debtor and its co-plaintiffs seek to
recover over $10 billion in damages arising from wrongful conduct
of the Soros Defendants.  The Soros Claim is docketed in the U.S.
District Court for the Southern District of New York as BSG
Resources Limited v. Soros, Case No. 17-cv-02726-JFK-OTW (S.D.N.Y.
Apr. 14, 2017).

The Soros Claim, including discovery, is presently stayed pending
the outcome of the Guinea ICSID Proceeding.  A status conference is
scheduled before the District Court on July 18, 2019 to determine
the next steps in the litigation, including providing an update on
the Guinea ICSID Proceeding and the possible recommencement of
discovery.

The Joint Administrators have been informed that the Soros Claim is
pledged as collateral to secure the Debtor's obligations under a
certain Litigation Funding Agreement dated as of November 2017 (the
"Funding Agreement") between Litigation Solutions Limited ("LSL")
and the Debtor, VBG, and BSGR Guinea.

Pursuant to a Security Agreement between these parties, the Debtor
has pledged and granted LSL a security interest over a portion of
any recoveries on the Soros Claim.  The continued effectiveness of
the Funding Agreement is critical to the Debtor's restructuring
efforts.  Without the proceeds from LSL, the Debtor would not have
the resources to fund the costs necessary to pursue the Soros
Claim.

                Standard Chartered Bank Assignment

In addition to Vale and LSL, the Debtor has one additional alleged
creditor that may have an interest in, or be affected by, this
Chapter 15 Case.  Together with certain of its affiliates, the
Debtor is a party to an Implementation Agreement, as amended from
time to time, with Standard Chartered Bank.  The SC Agreement
relates to the restructuring of a $92,000,000 amortizing term loan
facility extended by Standard Chartered to certain of the Debtor's
affiliates.  Under the terms of the SC Agreement, Standard
Chartered purports to have taken an assignment of any proceeds
(including, in summary, receivables, dividends from subsidiaries or
the proceeds from any claims) that may be paid to the Debtor now or
in the future as security for such amounts as may be owed by the
Debtor to Standard Chartered under the SC Agreement.  

                       About BSG Resources

BSG Resources Limited, a non-cellular limited liability company
incorporated in Guernsey, is engaged in activities related to the
exploration, development, extraction, refinement and marketing of
natural resource products, including diamonds and power generation.
BSG has diamond mining operations in the Republic of Sierra Leone
through a subsidiary, Octea Limited.  BSG has a minority interest
in a power generation operation held through a subsidiary, West
African Power Limited, in the Federal Republic of Nigeria.  BSG
previously had an iron ore operation held through a subsidiary, BSG
Resources (Guinea) Limited in Guinea but operations have ceased.

In March 2018, the Debtor entered into administration under Part
XXI of the Companies Guernsey) Law, 2008 before the Royal Court of
Guernsey (Ordinary Division). The Guernsey Court appointed BDO
LLP's Malcolm Cohen and William Callewaert as joint administrators
of the Debtor.  Guernsey is one of three crown dependencies located
off the coast of Great Britain.

On June 3, 2019, the administrators of BSG Resources commenced a
Chapter 15 case to seek U.S. recognition of proceedings in
Guernsey.  The Hon. Sean H. Lane is the case judge.  DUANE MORRIS
LLP, led by Frederick D. Hyman, is the U.S. counsel.


BUZZ TEAM: Seeks to Hire Julianne Frank as Legal Counsel
--------------------------------------------------------
Buzz Team Marketing, LLC, seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Julianne Frank,
P.A., as its legal counsel.

The firm will advise the Debtor of its powers and duties under the
Bankruptcy Code and will provide other legal services in connection
with its Chapter 11 case.

The Debtor paid the firm a retainer in the amount of $20,000.

Julianne Frank, Esq., disclosed in court filings that she and her
firm neither represent nor hold any interest adverse to the
Debtor.

The firm can be reached through:

     Julianne R. Frank, Esq.
     Julianne Frank, P.A.
     4495 Military Trail, Suite 107
     Jupiter, FL 33458
     Tel: 561.389-8660
     E-mail: julianne@jrfesq.com

                   About Buzz Team Marketing

Buzz Team Marketing LLC, a marketing consultant in Riviera Beach,
Fla., sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Fla. Case No. 19-16858) on May 23, 2019.  At the time
of the filing, the Debtor disclosed $128,482 in assets and
$3,086,690 in liabilities.  The case has been assigned to Judge
Mindy A. Mora.


COLLASPE IMPOSSIBLE: Seeks to Hire Emerald City as Legal Counsel
----------------------------------------------------------------
Collaspe Impossible Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Washington to hire Emerald City
Law Firm PC as its legal counsel.

The firm will advise the Debtor of its powers and duties under the
Bankruptcy Code and will provide other legal services in connection
with its Chapter 11 case.

Jason Anderson, Esq., the attorney who will be handling the case,
charges an hourly fee of $375. Paralegals and clerical staff charge
$50 per hour.  

The Debtor provided Emerald City the sum of $9,040, of which $1,717
was used to pay the filing fee while $7,100 was paid to the firm
for its pre-bankruptcy services.

Mr. Anderson disclosed in court filings that he does not hold any
interest adverse to the Debtor's estate.

The firm can be reached through:

     Jason E. Anderson, Esq.
     Emerald City Law Firm
     dba Law Offices of Jason E. Anderson
     5255 Tallman Ave NW, Suite 207
     Seattle, WA 98107
     Phone: (206) 706-2882
     Email: Jason@jasonandersonlaw.com

                    About Collaspe Impossible

Collaspe Impossible Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Wash. Case No. 19-11651) on May 1,
2019.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of less than $500,000.  The
case is assigned to Judge Timothy W. Dore.  Emerald City Law Firm
PC is the Debtor's legal counsel.


CONTINENTAL WHOLESALE: June 21 Plan Confirmation Hearing
--------------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of
Continental Wholesale Diamonds LLC is conditionally approved.

The Court will conduct a hearing on confirmation of the Plan on
June 21, 2019 at 9:30 a.m. in Tampa, FL − Courtroom 8B, Sam M.
Gibbons United States Courthouse, 801 N. Florida Avenue .

Objections to confirmation shall be filed and served  no later than
seven (7) days before the date of the Confirmation 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.


COOLTRADE INC: Files Chapter 11 Amended Liquidation Plan
--------------------------------------------------------
Cooltrade, Inc. filed a disclosure statement in support of its
amended chapter 11 plan of liquidation dated May 21, 2019.

Pursuant to the Plan, Creditors with administrative claims will be
paid first; Creditors with priority claims will be paid second;
Creditors with secured claims will be paid the full value of their
collateral based upon its sale price, net of costs of sale; any
deficiency balance due secured creditors will be treated the same
as unsecured creditors; and Creditors with unsecured claims will
receive distributions over time, as provided in the Plan.

Under the Plan, all allowed claims will be paid from available cash
and proceeds generated from the sale of the Debtor's assets.
Payments will be made as established by the priorities of the
Bankruptcy Code until funds are exhausted.

CoolTrade will liquidate all of its property, and will complete
this liquidation of its property no later than 12 months from the
Effective Date of the Liquidating Plan ("Termination Date"). In the
event any of CoolTrade's property remains unliquidated as of the
Termination Date, CoolTrade will put such property up for auction
so that it is sold within 45 days of the Termination Date. The
proceeds of the liquidation of the property will be distributed to
creditors holding allowed claims according to the priorities
established by the Bankruptcy Code.

A copy of the Disclosure Statement dated May 21, 2019 is available
at https://tinyurl.com/y58wldl5 from Pacermonitor.com at no charge.


                     About Cooltrade Inc.

CoolTrade, Inc. -- http://www.cool-trade.org/-- is the creator of
the CoolTrade system, a fully robotic stock trading technology.
Released in 2004, CoolTrade has provided thousands with technology
for online trading.

The CoolTrade Robotic Automated Trader executes strategies 100% on
its own. The CoolTrade platform was developed by former Microsoft
programmer, Ed Barsano. CoolTrade has partnered with brokers such
as TD Ameritrade, E-Trade, AutoShares, and Interactive Brokers.

CoolTrade sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Ariz. Case No. 17-11886) on Oct. 6, 2017.  In the
petition signed by CEO Edward Barsano, CoolTrade estimated assets
of less than $50,000 and liabilities of $500 million to $1
billion.

The case is jointly administered with the Chapter 11 case (Bankr.
D. Ariz. Case No. 17-11887) filed by Mr. Barsano and his wife.
Judge Brenda K. Martin presides over the cases.  Kahn & Ahart PLLC,
Bankruptcy Legal Center (TM) is the bankruptcy counsel.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case.


CORNERSTONE FINANCE: Unsecureds' Recovery Unknown Under Plan
------------------------------------------------------------
Cornerstone Finance Company and the Official Committee of Unsecured
Creditors filed a Chapter 11 plan of reorganization.

Class 2 - General Unsecured Claims are Impaired. The holders of
Allowed General Unsecured Claims shall receive their Pro Rata share
of the Liquidating Trust Assets including after payment of the
Allowed Administrative Claims, Allowed Priority Tax Claims, and the
Allowed Class 1 Claims.

Class 3 - Interests are Impaired. The holders of Interests and will
not receive any distribution or retain any property on account of
their Interests under this Plan. Prior to the Effective Date, the
Debtor will provide the holders of Interests with a statement
regarding their previous holdings of Interests, including common
and preferred stock, in Debtor and the amount paid for those
Interests in Debtor.

On the Effective Date, the Liquidating Trust Assets will be
transferred to and vest in the Liquidating Trust and be deemed
contributed thereto, subject to the terms of the Plan and
Confirmation Order. All property held in the Liquidating Trust for
distribution pursuant to the Plan will be held solely in trust for
Creditors and will not be deemed property of Debtor. Upon entry of
the Confirmation Order, Debtor will be authorized and directed to
take such steps as may be necessary or appropriate to confirm such
transfer and contribution of the Liquidating Trust Assets to the
Liquidating Trust, subject to oversight from the Liquidating
Trustee and the Liquidating Trust Advisory Board, as applicable.

A full-text copy of the Disclosure Statement dated May 20, 2019, is
available at https://tinyurl.com/y2ymqj3x from PacerMonitor.com at
no charge.

Attorneys for the Committee:

     Brian Hockett, Esq.
     Mark Bossi, Esq.
     THOMPSON COBURN, LLP
     One U.S. Bank Plaza, Suite 2700
     St. Louis, MO 63101
     Tel: (314) 552-6000
     Email: mbossi@thompsoncoburn.com
            bhockett@thompsoncoburn.com

                      About Cornerstone Finance

Based in Columbia, Missouri, Cornerstone Finance Company, which
provides finance to businesses for the purpose of financing
insurance premiums on commercial policies, filed a voluntary
Chapter 11 petition (Bankr. W.D. Mo. Case No. 19-20051) on January
18, 2019.  The case is assigned to Hon. Dennis R. Dow.  The
Debtor's counsel is Robert E. Eggmann, Esq., and Thomas H. Riske,
Esq., at Carmody MacDonald P.C., in St. Louis, Missouri.

At the time of filing, the Debtor had total assets of $6,571,894
and total liabilities of $6,479,758.

The petition was signed by Roger D. Walker, president.

On February 7, 2019, the U.S. Trustee appointed three members to
the official committee of unsecured creditors:

   (1) Jann G. Merry, Trustee
       Merry Trust Dated February 3, 2003
       1840 County Road CC
       Hartford, WI 53027
       Tel: (262) 628-3649
       Email: Jannmerry37@gmail.com

   (2) John Woolridge
       3906 Ivanhoe Blvd.
       Columbia, MO 65203
       Tel: (573) 999-5022
       Email: jwwooldridge@mchsi.com

   (3) Mike Maerz, Trustee
       R. Michael and Myrna K. Maerz Trust
       1416 E. Georgetown Loop
       Columbia, MO 65203
       Tel: (573) 445-4846
       Email: mikem@plaza-ins.com

On February 19, the U.S. Trustee appointed a replacement creditor
to serve on the Creditors' Committee due to the resignation of Mike
Maerz, as Trustee of the R. Michael and Myrna K. Maerz Trust
effective February 14, 2019:

     L. Grace Hillebrand, Trustee
     L. Grace Hillebrand Trust
     8787 E. Highway HH
     Hallsville, MO 65255
     Tel: (573) 473-4309


CRM CITY FELLOWSHIP: Unsecureds to Get $1,296 Per Month for 54 Mos
------------------------------------------------------------------
CRM City Fellowship Church filed a Chapter 11 Plan and accompanying
Disclosure Statement.

Class 7 - General Unsecured Claims are Impaired. The Debtor shall
open an Unsecured Creditors Escrow Account and place $1,296.72 in
this account each month beginning 30 days after confirmation of
this plan and continuing for fifty-four (54) months. The Debtor
proposes to pay Class 7 claimants' one hundred percent (100%) of
each allowed claim.

The Debtor plans to finance its repayment plan of reorganization
through the sale of its Real Property located at 3701 Elgin St.,
Houston, Texas 77288.  The Debtor has received an offer of purchase
from Guefen Development Company in the amount of $5,100,000.  The
purchase price shall be paid to the Debtor at the closing by
Certified Check or wire transfer. Contemporaneously with the filing
of its Disclosure Statement, the Debtor has filed a motion for
approval of this pending sale.

A full-text copy of the Disclosure Statement dated May 20, 2019, is
available at https://tinyurl.com/y46we6jo from PacerMonitor.com at
no charge.

Attorneys for the Debtor is Nelson M. Jones III, Esq., in Houston,
Texas.

              About CRM City Fellowship Church

CRM City Fellowship Church is a tax-exempt religious organization
based in Houston, Texas.

CRM City Fellowship Church sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Tex. Case No. 18-36175) on Nov. 5,
2018.  In the petition signed by Leroy J. Woodard, president, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  The Debtor tapped the
Law Office of Nelson M. Jones III as its legal counsel.


CYTOSORBENTS CORP: Terminates Sales Agreement with Cantor
---------------------------------------------------------
CytoSorbents Corporation delivered to Cantor Fitzgerald & Co. on
May 31, 2019, written notice of termination of the Controlled
Equity Offering Sales Agreement, dated Nov. 4, 2015, by and between
the Company and Cantor, as amended by Amendment No. 1 to Sales
Agreement, dated July 26, 2018.  In accordance with Section 13(b)
thereof, the Sales Agreement will terminate on June 10, 2019, 10
days after the delivery of the Termination Notice.  As provided in
the Sales Agreement, the Sales Agreement will terminate without
liability of any party to any other party, except that certain
provisions of the Sales Agreement identified therein will remain in
full force and effect notwithstanding the termination.

Pursuant to the Sales Agreement, the Company offered and sold, from
time to time through Cantor, shares of the Company's common stock,
par value $0.001 per share.  In the aggregate, the Company sold
2,094,140 shares pursuant to the Sales Agreement, at an average
selling price of $8.72 per share, generating net proceeds of
approximately $17,718,000.  The Company paid Cantor a commission
rate of 3.0% of the aggregate gross proceeds from each sale of
shares and provided Cantor with customary indemnification and
contribution rights.

                          About CytoSorbents

Based in Monmouth Junction, New Jersey, CytoSorbents Corporation is
engaged in critical care immunotherapy, specializing in blood
purification.  Its flagship product, CytoSorb is approved in the
European Union with distribution in 55 countries around the world,
as an extracorporeal cytokine adsorber designed to reduce the
"cytokine storm" or "cytokine release syndrome" that could
otherwise cause massive inflammation, organ failure and death in
common critical illnesses.  These are conditions where the risk of
death is extremely high, yet no effective treatments exist.

Cytosorbents reported a net loss of $17.21 million for the year
ended Dec. 31, 2018, compared to a net loss of $8.46 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, Cytosorbents
had $30.99 million in total assets, $15.97 million in total
liabilities, and $15.01 million in total stockholders' equity.

WithumSmith+Brown, PC, in East Brunswick, New Jersey, the Company's
auditor since 2004, issued a "going concern" qualification in its
report on the Company's consolidated financial statements for the
year ended Dec. 31, 2018, noting that the Company sustained net
losses for the years ended Dec. 31, 2018, 2017 and 2016.  Further,
the Company believes it will have to raise additional capital to
fund its planned operations for the twelve month period through
March 2020.  These matters raise substantial doubt regarding the
Company's ability to continue as a going concern.


DATACOM SYSTEMS: Latest Chapter 11 Plan Adds ATCI's Claim
---------------------------------------------------------
Datacom Systems, Inc. and Datacom Systems Holdings, LLC filed a
first amended disclosure statement with respect to their joint
chapter 11 plan of reorganization dated May 21, 2019.

This latest filing adds American Technology Consulting, LLC's Claim
in Class 8. ATCI, however, will receive no distribution under the
proposed plan.

A copy of the First Amended Disclosure Statement dated May 21, 2019
is available at https://tinyurl.com/y6jdweky from Pacermonitor.com
at no charge.

                      About Datacom Systems

Datacom Systems, Inc. -- https://new.datacomsystems.com/ -- is a
Network TAP (test access point), Network Packet Broker, and Bypass
Switch manufacturer that has worked with major telecommunication
companies, government agencies and financial institutions.  It
provides secure In-Line access to its clients' network for
security, analysis and monitoring.  It is a wholly owned subsidiary
of Datacom Systems Holdings, LLC. The company is headquartered in
East Syracuse, New York.

Datacom Systems and Datacom Systems Holdings sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Lead Case
No. 18-30766) on May 25, 2018.  The Debtors' Chapter 11 cases have
been consolidated for procedural purposes only and are being
jointly administered pursuant to an order of the Court entered on
May 30, 2018.

In the petition signed by CFO Patrick McKenna, both debtors
estimated assets of less than $1 million and liabilities of $1
million to $10 million.

Judge Margaret M. Cangilos-Ruiz presides over the cases.  Cullen
and Dykman LLP, led by Maureen T. Bass, and Travis Powers, serves
as the Debtors' counsel.

No official committee of unsecured creditors has been appointed in
the Debtors' bankruptcy cases.


DAYMARK SOLUTIONS: Court Approves Disclosures, Confirms Plan
------------------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of Daymark
Solutions, Inc., is approved, and the Plan is confirmed.

The Court finds that the provisions of 11 U.S.C. 1129(10) have been
met as two impaired Classes -- Classes 1 and 5 -- have voted for
the Plan.

The provisions of Chapter 11 of the Bankruptcy Code have been
complied with and the Plan has been proposed in good faith and not
by any means forbidden by law.

Each holder of a Claim or interest accepting the Plan will receive
or retain under the Plan property of a value, as of the effective
date of the Plan, that is not less than the amount that such holder
would receive or retain if the Debtor was liquidated under Chapter
7 of the Code on such date.

No objections to Confirmation of the Plan were filed with the Court
However, the United States Trustee did request that the following
language be incorporated into this Order: (1) The Class 5 unsecured
Creditors will receive a dividend equal to the Debtor's projected
disposable income over the Plan Period, which is estimated to be
approximately 30% of the total of general unsecured claims.

If applicable, the Debtor is discharged and released from any debts
arising before the date of this Order Confirming Debtor's Plan and
any debt of a kind specified in Section 502(g), Section 502(h), or
of Section 502(i) of Title 11, whether or not a proof of Claim
based on the debt is filed or deemed filed under Section 501; such
a Claim is allowed under Section 502; or the holder of such Claim
has accepted the Plan

Any judgment heretofore or hereafter obtained in any court other
than this Court is null and void as a determination of the personal
liability of the Debtor with respect to any of the following:

   (1) Debts discharged under 11 U.S.C. Section 523;

   (2) Unless heretofore or hereafter determined by order of this
Court to be non-dischargeable, debts alleged to be excepted from
discharge under Clauses (2), (4) and (6) of 11 U.S.C. Section
523(a); and

   (3) Debts determined by this Court to be discharged.

All Creditors whose debts are discharged by this Order and all
creditors with judgments, which judgments are declared null and
void by this Order, are enjoined from instituting or continuing any
action or employing any process or engaging in any act to collect
such debts as personal liabilities of the Debtor.

A full-text copy of the Order dated May 20, 2019, is available at
https://tinyurl.com/yydcggon from PacerMonitor.com at no charge.

                    About Daymark Solutions

Based in Overland Park, Kansas, Daymark Solutions Inc. operates a
sales and service company that creates photo identification
systems.  Daymark Solutions filed a voluntary petition for relief
under Chapter 11 of Title 11 of the United States Code (Bankr D.
Kan. Case No. 18-22116) on Oct. 12, 2018, estimating under $1
million in assets and liabilities.  The Debtor tapped Edelboim
Lieberman Revah Oshinsky PLLC as its legal counsel, and BMC Group,
Inc. as its claims, noticing and balloting agent.


DEERFIELD DAKOTA: Moody's Affirms B3 CFR, Outlook Stable
--------------------------------------------------------
Moody's Investors Service affirmed the B3 Corporate Family Rating
of Deerfield Dakota Holding, LLC, a holding corporation that wholly
owns Duff & Phelps Corporation. Moody's has also affirmed Deerfield
Dakota's B3 senior secured first lien bank credit facility and its
$150 million revolving credit facility. The outlook remains
stable.

Affirmations:

Issuer: Deerfield Dakota Holding, LLC

Corporate Family Rating, Affirmed B3

Senior Secured Bank Credit Facility, Affirmed B3
(LGD3 assigned)

Assignments:

Issuer: Deerfield Dakota Holding, LLC

Probability of Default Rating, Assigned B3-PD

Outlook Actions:

Issuer: Deerfield Dakota Holding, LLC

Outlook, Remains Stable

RATINGS RATIONALE

Deerfield Dakota's B3 ratings reflect Duff & Phelps'
well-established franchise as a provider of a broad range of
financial advisory and valuation services to a diversified client
base, but also its high levels of debt and weak debt service
capacity. The company has experienced a significant rise in
revenues since being taken private in April 2013, aided by a number
of key acquisitions as well as organic growth. Duff & Phelps
management has demonstrated its ability to achieve these results
whilst also making significant cost savings and continue to focus
on improving operating leverage. In March 2019, Deerfield Dakota
completed its acquisition of Prime Clerk, a claims and noticing
administrator. Deerfield Dakota partially funded the acquisition
with an incremental $280 million first lien loan. Prime Clerk will
be a standalone fourth business segment for Duff & Phelps. The
transaction presents a number of cross sell opportunities to
introduce Duff & Phelps' existing clients to those of Prime Clerk.
The firm's aggressive financial policy has resulted in periods of
very high leverage well above 7.5x (Moody's adjusted) after
acquisitions, followed by de-leveraging as a result of successful
integrations. Moody's expects the firm's revenue to continue to
diversify away from legacy M&A advisory fees as a result of ongoing
acquisitions in other segments. The company continues to focus on a
diversified portfolio of consulting and services offerings that
supports lower cyclicality compared to historical exposure.

The B3 rating on the first lien senior secured credit facilities
reflect both the B3-PD Probability of Default rating and the loss
given default assessment of LGD3. Because there is no other
meaningful debt in the capital structure to absorb potential
losses, the senior secured facilities are rated in line with the B3
Corporate Family Rating. The rated term loan and revolver benefit
from guarantees from all material domestic restricted subsidiaries.
The credit facilities are secured by first priority lien on
substantially all assets of the borrower and guarantors.

Moody's views the company's liquidity as adequate, with a weak free
cash flow to debt ratio (Moody's adjusted) below 2% as a result of
integration costs, offset by cash balances of $64 million and more
than 75% of available capacity under its $150 million revolving
credit facility as of March 2019. The revolver includes a 7.9x
springing first lien leverage covenant when 35% or more of the
revolver is drawn, Moody's anticipates the company will remain in
compliance with the covenant.

Over the next 12-18 months, Moody's expects the company will grow
organic revenue at a low-single-digit rate and will continue the
integration efforts of Prime Clerk and Kroll, resulting in
improving margins and lower leverage trending towards 7.5x (Moody's
adjusted).

The ratings could be downgraded if increased competition or
cyclical pressure result in declining organic revenue, lower
profitability or high employee turnover rates. Aggressive financial
policies or debt-financed acquisitions causing debt to EBITDA to be
sustained above 7.5x or EBITDA to interest to decline below 1.0x,
or a material weakening in free cash flow and liquidity, could also
pressure the ratings.

The ratings could be upgraded if the company demonstrates a
commitment to more balanced financial policy, sustaining its debt
to EBITDA ratio below 6.0x and EBITDA to interest above 2.0x,
combined with good liquidity and free cash flow to debt above 5%.
Increasing scale and evidence of strong and sustainable organic
revenue growth and improving margins, as a result of successful
integration of recent acquisitions, would benefit credit metrics
and create upward pressure.


DOWN NECK: Unsecureds to Get $10K in Quarterly Payments Over 60 Mos
-------------------------------------------------------------------
Down Neck, LLC, d/b/a Lombardi's Bar & Restaurant, filed a first
amended Chapter 11 plan and disclosure statement.

Class 1 - General Unsecured Creditors are impaired. Class 1
consists of Allowed General Unsecured Claims. These Claims will be
paid a pro rata share of $10,000, payable in quarterly installments
over 60 months, with the first payment commencing on the Effective
Date. The deferred payments shall not accrue interest. The
foregoing payments shall be in full satisfaction of their Claims.

The funds necessary for funding the Plan will be derived from funds
on hand on the Effective Date and from future earnings of the
Debtor. In addition, Patrick McNamara will pay certain "new value"
in the amount of $75,000 to obtain the Interests in the Reorganized
Debtor. The New Value shall be contributed upon entry of a final
non-appealable Order confirming the Plan of Reorganization and
obtaining the requisite approvals for ownership of the Debtor from
the Alcohol Beverage Control authorities from the State of New
Jersey and Township of Cedar Grove.
Mr. McNamara is a Wealth Management Advisor for Merrill Lynch
Wealth Management. He graduated from Verona High School in 1982 and
obtained his Bachelor's Degree from Towson State University in
1986. He has been with Merrill Lynch since February 2001. He is the
brother-in-law of Alfonso Lombardi.

A full-text copy of the First Amended Disclosure Statement dated
May 20, 2019, is available at https://tinyurl.com/yyna23jf from
PacerMonitor.com at no charge.

Proposed Attorneys for the Debtor:

     Richard D. Trenk, Esq.
     Thomas M. Walsh, Esq.
     McMANIMON, SCOTLAND & BAUMANN, LLC
     75 Livingston Avenue, Suite 201
     Roseland, NJ 07068
     Tel: (973) 622-1800
     Email: rtrenk@msbnj.com
            twalsh@msbnj.com

                  About Down Neck LLC

Down Neck LLC conducts business under the name Lombardi's Bar &
Restaurant.  It is based in Cedar Grove, N.J.

Down Neck filed a Chapter 11 petition (Bankr. D.N.J. Case No.
19-18522) on April 26, 2019, listing under $1 million in both
assets and liabilities.  At the time of the filing, the Debtor had
estimated assets of less than $500,000 and liabilities of less than
$1 million.  Richard D. Trenk, Esq., at McManimon, Scotland &
Baumann, LLC represents the Debtor as counsel.


ECOSPHERE TECHNOLOGIES: Exclusivity Period Extended to July 18
--------------------------------------------------------------
Judge Mindy Mora of the U.S. Bankruptcy Court for the Southern
District of Florida extended the period during which Ecosphere
Technologies, Inc., and Sea of Green Systems, Inc. have the
exclusive right to file a Chapter 11 plan through July 18 , and to
solicit acceptances for the plan through Sept. 17.

                About Ecosphere Technologies

Ecosphere Technologies, Inc., is a technology development and
intellectual property licensing company that develops environmental
solutions for global water, energy, industrial and agricultural
markets.  The company helps industries increase production, reduce
costs and protect the environment through a portfolio of unique,
patented technologies: technologies like Ozonix, the Ecos PowerCube
and the Ecos GrowCube, which are available for sale, as well as
exclusive and nonexclusive licensing opportunities across a wide
range of industries and applications throughout the world.  The
Ecosphere technologies and products are available through multiple
brands and subsidiaries that include Sea of Green Systems, Inc.,
Ecosphere Development Company, LLC and Fidelity National
Environmental Solutions, LLC.

Based in Stuart, Fla., Ecosphere Technologies and Sea of Green
Systems sought Chapter 11 protection (Bankr. S.D. Fla. Lead Case
No. 18-25900) on Dec. 21, 2018.  In the petitions signed by Dennis
McGuire Sr., chairman and chief executive officer, Ecosphere
Technologies disclosed assets of $453,403 and liabilities of
$14,476,097.  Sea of Green's disclosed that it had estimated assets
and liabilities of between $10 million and $50 million.

The Hon. Mindy A. Mora oversees the cases. Aaron A. Wernick, Esq.,
at Furr & Cohen, P.A., is the Debtors' bankruptcy counsel.


ELK PETROLEUM: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The Office of the U.S. Trustee on May 31 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 cases of Elk Petroleum, Inc. and its
affiliates.

                        About ELK Petroleum

Elk Petroleum -- https://www.elkpet.com -- is an oil and gas
company specializing in enhanced oil recovery (EOR).

Elk Petroleum  and its affiliate, sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 19-11157) on May
22, 2019.  At the time of the filing, the Debtor estimated assets
of between $1 million and $10 million and liabilities of less than
$50,000.  The petition was signed by Scott M. Pinsonnault, chief
restructuring officer.  

The Debtors tapped Norton Rose Fulbright US LLP and Womble Bond
Dickinson (US) LLP as legal counsel; Ankura Consulting Group, LLC
as restructuring advisor; Opportune LLP as valuation analysis
provider; and Bankruptcy Management Solutions, Inc. as claims and
noticing agent.


ENLOE STAT: Closed by Regulators; Legend Bank to Assume Deposits
----------------------------------------------------------------
The Enloe State Bank, Cooper, Texas, was closed on May 31, 2019, by
the Texas Department of Banking, which then appointed the Federal
Deposit Insurance Corporation (FDIC) as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with Legend Bank, N.A., Bowie, Texas, to assume the
insured deposits of The Enloe State Bank.

The only office of The Enloe State Bank will reopen as a branch of
Legend Bank, N.A. during their normal business hours starting
Monday, June 3, 2019.  Depositors of the failed bank will
automatically become depositors of Legend Bank, N.A.  Deposits
assumed by Legend Bank, N.A. will continue to be insured by the
FDIC, so there is no need for customers to change their banking
relationship to retain their deposit insurance coverage.

Over the weekend, customers of The Enloe State Bank can access
their insured deposits by writing checks or using ATM or debit
cards.  Checks drawn on the bank will continue to be processed.
Loan customers should continue to make their payments as usual.

As of March 31, 2019, The Enloe State Bank had total assets of
$36.7 million and total deposits of $31.3 million, of which there
were approximately $500,000 that exceeded FDIC insurance limits.
This estimate is likely to change once the FDIC obtains additional
information from these customers.

Customers with accounts in excess of $250,000 should contact the
FDIC toll-free at 1-888-408-4360 to set up an appointment to
discuss their deposits.  This phone number will be operational this
evening until 9:00 p.m., Central Time (CT); on Saturday from 9:00
a.m. to 6:00 p.m., CT; on Sunday from 12:00 p.m. to 6:00 p.m., CT;
Monday from 8:00 a.m. to 8:00 p.m., CT; and thereafter from 9:00
a.m. to 5:00 p.m., CT.

All customers who would like more information on the transaction
can call the toll-free number or visit the FDIC's website at
https://www.fdic.gov/bank/individual/failed/enloe.html.

Beginning Monday, June 3, 2019, depositors of The Enloe State Bank
with more than $250,000 at the bank may visit the FDIC's webpage
"Is My Account Fully Insured?" at
https://closedbanks.fdic.gov/drrip/AFI/Search to determine their
insurance coverage.

Legend Bank, N.A. agreed to assume the insured deposits for a 0.51%
premium.  It will also purchase approximately $5.2 million of the
failed bank's assets.  The FDIC will retain the remaining assets
for later disposition.

The FDIC preliminarily estimates that the failure will cost its
Deposit Insurance Fund about $27 million.  The estimate will change
over time as the assets are sold.  The Enloe State Bank is the
first bank to fail in the nation this year.  The last bank failure
was Washington Federal Bank for Savings in Chicago, Illinois on
December 15, 2017.  The last failure in Texas was Texas Community
Bank, N.A., in The Woodlands, Texas on December 13, 2013.



EP ENERGY: Approves Key Employee Retention Program
--------------------------------------------------
The Compensation Committee of the Board of Directors of EP Energy
Corporation has approved the implementation of a Key Employee
Retention Program for all employees of the Company.  The KERP is
designed to retain employees of the Company in their current roles
over the near term while providing them with financial stability.
Pursuant to the KERP, employees must continue their employment with
the Company for approximately 13 months or they will forfeit the
full amount of the retention payment.  The KERP payments are in
lieu of any bonuses or long-term incentive awards, if any, that
would otherwise be due or payable to the KERP participants for 2019
performance.  If a KERP participant is terminated for cause or
voluntarily terminates his or her employment with the Company
without good reason (other than as a result of death or disability)
such participant must repay his or her KERP payment in full.  The
KERP was formulated with the input and based upon the
recommendations of the Committee's independent compensation
consultant.

The Company's named executive officers will receive the following
amounts under the KERP:

    Named Executive Officer                Retention Award Amount
    -----------------------                ----------------------
    Russell E. Parker                                  $2,392,800
    President and Chief Executive Officer

    Chad D. England                                      $813,600
    Senior Vice President, Operations

    Raymond J. Ambrose                                   $572,000
    Senior Vice President, Engineering and
    Subsurface

    Kyle A. McCuen                                       $543,000
    Senior Vice President,
    Chief Financial Officer
    and Treasurer

    Jace D. Locke                                        $543,000
    Vice President, General Counsel and
    Corporate Secretary

                      About EP Energy LLC

EP Energy LLC, a wholly-owned subsidiary of EP Energy Corporation
-- http://www.epenergy.com-- is an independent exploration and
production company engaged in the acquisition and development of
unconventional onshore oil and natural gas properties in the United
States.  The Company operates through a diverse base of producing
assets and are focused on providing returns through the development
of its drilling inventory located in three areas: the Permian basin
in West Texas, the Eagle Ford Shale in South Texas, and the
Altamont Field in the Uinta basin in Northeastern Utah.  The
Company is headquartered in Houston, Texas.

EP Energy incurred a net loss of $1 billion in 2018 following a net
loss of $203 million in 2017.  As of March 31, 2019, the Company
had $4.10 billion in total assets, $403 million in total current
liabilities, $4.43 billion in total non-current liabilities, and a
total member's deficit of $736 million.

                           *    *    *

In April 2019, S&P Global Ratings lowered its issuer credit rating
on exploration and production company EP Energy LLC to 'CCC-' from
'CCC+'.  The downgrade follows heightened concerns surrounding EP
Energy's liquidity as the Company's 10-K included language
questioning its ability to address $182 million in senior unsecured
notes maturing May 2020 while maintaining ongoing operations and
maintenance capital expenditures.

Also in April, 2019, Moody's Investors Service downgraded the
ratings of EP Energy LLC's (EPE) Corporate Family Rating to Caa3
from Caa1.  The downgrade of EP Energy's CFR to Caa3 reflects its
weak liquidity, need to repay $182 million of notes maturing in May
2020 and potential for continued negative free cash flow in 2019,
if production volumes remain flat.


FARWEST PUMP: Files Non-Adverse Technical Modification to Plan
--------------------------------------------------------------
Farwest Pump Company filed a non-adverse technical modification to
its second amended plan of reorganization.

The Debtors' Plan is modified as follows:

Section 4.08 Class 8-General Unsecured Claims.

(a) Description. Class 8 consists of all unsecured claims allowed
under § 502 of the Code that are not otherwise classified under
this Plan.

(b) Treatment. Class 8 is impaired by this Plan. Holders of allowed
Class 8 claims will be paid a pro rata share of the annual
distributions from the Unsecured Claim Fund. The first distribution
from the Unsecured Claims Fund will be made no later than 45 days
after the Effective Date, and will be made annually thereafter on
each anniversary of the first distribution until the earlier of (1)
the date all creditors holding allowed Class 8 Claims are paid in
full, or (2) the fifth anniversary of the first payment to
unsecured creditors.  

Section 7.01 Conditions Precedent to Effective Date. No less than
one business day prior to the Effective Date the following
transactions must have occurred:

(a) Establish Unsecured Claim Fund Account. The Debtors will
establish a segregated Unsecured Claim Fund Account. The Unsecured
Claim Fund will be the sole source of payment to Holders of Class 7
and 8 Claims. The Plan Administrator will be the sole party with
authority to write check or disburse any money from the Unsecured
Claim Fund Account.

(b) Funding of Equity Contribution by Class 8 Interest Holders.
Channa and Clark Vaught must have funded their equity contribution
of at least $140,000 to the Debtor’s DIP Operating Account.

(c) Appointment of the Plan Administrator. The Plan Administrator
will have been approved by the Court as Plan Administrator by
separate application disclosing his compensation to Creditors. The
Debtor will propose that its financial adviser Edward Burr, Jr.,
serve as Plan Administrator. The Plan Administrator will have sole
authority to disburse funds from the Unsecured Claims Fund.
Further, the Plan Administrator must approve any distributions from
any other account held by the Reorganized Debtor in excess of
$500.

Section 7.02 Operation and funding of Unsecured Claim Fund.

(a) Disbursements. The Debtor will disburse 100% of the funds on
hand in the Unsecured Claim's Fund Account on a pro-rata basis to
the holders of allowed Class 7 8 claims on the dates specified
Section 4.08.

(b) Funding. The Debtor must make the following contributions to
the Unsecured Claims Fund:

1) No later than 30 calendar days Effective Date, the Reorganized
Debtor must deposit the greater of $100,000 or Net Distributable
Profits in that have accumulated during Calendar Year 2018during
the Reorganization case after reserving funds sufficient to pay
allowed administrative and professional fee claims.

2) Not later than the last first business day of the calendar month
commencing at least 30 after the first anniversary of the Effective
Date, the Reorganized Debtor must deposit the greater of $75,000 or
Net Distributable Profits that accumulated in the 12 months between
the Effective Date and the first anniversary of the Effective
Date.

3) Not later than the first business day of the calendar month
commencing at least 30 after the second anniversary of the
Effective Date, the Reorganized Debtor must deposit the greater of
$75,000 or Net Distributable Profits that accumulated in the 12
months between the Effective Date and the second anniversary of the
Effective Date.

4) Not later than the first business day of the calendar month
commencing at least 30 after the Third anniversary of the Effective
Date, the Reorganized Debtor must deposit the greater of $75,000 or
Net Distributable Profits that accumulated in the 12 months between
the second anniversary of the Effective Date and the third
anniversary of the Effective Date.

5) Not later than the first business day of the calendar month
commencing at least 30 after the fourth anniversary of the
Effective Date, the Reorganized Debtor must deposit the greater of
$75,000 or Net Distributable Profits that accumulated in the 12
months between the third anniversary of Effective Date and the
third anniversary of the Effective Date.

6) Not later than the first business day of the calendar month
commencing at least 30 after the fifth anniversary of the Effective
Date, the Reorganized Debtor must deposit the greater of $75,000 or
Net Distributable Profits that accumulated in the 12 months between
the fourth anniversary of the Effective Date and the fifth
anniversary of the Effective Date.

A copy of the Technical Modification to the Second Amended Plan is
available at https://tinyurl.com/y2p735gf from Pacermonitor.com at
no charge.

                About Farwest Pump Company

Based in Tucson, Arizona, Farwest Pump Company --
http://farwestwell.com/-- is a small organization that provides
well drilling services to all of the southwest United States.
Farwest also offers a wide variety of related services including
sonar jet, municipal water systems, electrical control systems,
complete machine shop, and environmental and geothermal services.

Founded in 1982, Farwest is a licensed, bonded, and insured company
with locations in Tucson, Willcox and Las Cruces.  It is owned and
operated by Clark and Channa Vaught.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 17-11112) on September 20, 2017.
Channa Vaught, its president, signed the petition.  At the time of
the filing, the Debtor disclosed $2.51 million in assets and $1.85
million in liabilities.

Judge Brenda Moody Whinery presides over the case.


FINCABIZ INC: Case Summary & 2 Unsecured Creditors
--------------------------------------------------
Debtor: FinCabiz, Inc.
        21781 Ventura Blvd #140
        Woodland Hills, CA 91364

Business Description: FinCabiz, Inc. is a privately held
                      company primarily engaged in renting and
                      leasing real estate properties.

Chapter 11 Petition Date: June 3, 2019

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Case No.: 19-11386

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Javier H. Castillo, Esq.
                  CASTILLO LAW FIRM
                  145 E. Rowland Street, Suite A
                  Covina, CA 91723
                  Tel: (626) 331-2327
                  Fax: (888) 229-0087
                  E-mail: jhcecf@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Reto Fyffel, CEO.

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

           http://bankrupt.com/misc/cacb19-11386.pdf


FLO-TECH INC: June 27 Approval Hearing on Disclosure Statement Set
------------------------------------------------------------------
Bankruptcy Judge Brenda K. Martin will convene a hearing on June
27, 2019, at 11:00 a.m. to consider approval of Flo-Tech, Inc. and
Thomas Tedford's disclosure statement in connection with its
proposed plan of reorganization.

Written objections to the disclosure statement must be filed by
June 20, 2019.

The Troubled Company Reporter previously reported that Class 2- G
Unsecured Creditors will be paid a pro-rata share from the Debtors'
Excess Cash Flow, on a quarterly basis, in an amount sufficient to
fund the value of the Debtors' Liquidation Equity (as calculated in
the Debtors' Disclosure Statement), after all senior Allowed Claims
have been paid in accordance with the terms of the Plan.

A full-text copy of the Disclosure Statement dated May 15, 2019, is
available at https://tinyurl.com/y5r5mdna from PacerMonitor.com at
no charge.

                     About Flo-Tech, Inc.

Formed in December 1994, Flo-Tech, Inc., is in the business of
providing concrete floor repair, restoration and refinishing
services.  Flo-Tech has its principal place of business located in
Phoenix, Maricopa County, Arizona. Thomas Tedford is the president,
director and majority shareholder of Flo-Tech -- he owns 100% of
the outstanding shares in Flo-Tech

Flo-Tech, Inc., filed a petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 19-00460) on Jan. 15,
2019.  The Debtor engaged Keery McCue, PLLC, as counsel.


FOLTS HOME: June 19 Approval Hearing on Amended Plan Outline
------------------------------------------------------------
Bankruptcy Judge Diane Davies will convene a hearing on June 19,
2019 at 11:00 a.m. to consider approval of Folts Home and Folts
Adult Home's amended joint disclosure statement in support of their
chapter 11 plans of liquidation filed on May 21, 2019.

June 13, 2019 is fixed as the last day for filing and serving
written objections to the amended disclosure statement.

Under the amended plan, Folts Home Class 5 consists of all holders
of General Unsecured Claims. Based upon its review of the Schedules
and the Claims Register maintained by the Bankruptcy Court in
connection with the Folts Home Chapter 11 Case, Folts Home
estimates that the Folts Home Class 5 Claims will aggregate
approximately $5,075,948.28. The Folts Home Class 5 Claims include
General Unsecured Claims asserted by trade vendors and others in
the approximate aggregate amount of $2,011,420.88 and by the DOH in
the amount of $3,064,527.40 for unpaid pre-receivership cash
receipts assessments. The Folts Home Class 5 General Unsecured
Claims will be paid a dividend equal to approximately 80% of their
Allowed Claims, without interest. No payment will be made to any
claimant in this Class unless and until (i) all Folts Home Class 1,
2, 3 and 4 Claims have been paid in full; and (ii) such General
Unsecured Claim has been fixed and allowed by a Final Order of the
Bankruptcy Court or determined to be undisputed, liquidated and not
contingent. Each holder of an Allowed Folts Home Class 5 Claim
shall receive a single, lump sum payment from the Folts Home Cash
on the Effective Date or the Date of Allowance. This class is
impaired.

The previous version of the plan provided that the Folts Home Class
5 General Unsecured Claims will be paid a dividend equal to
approximately 85.58% of their Allowed Claims, without interest.

A copy of the Amended Joint Disclosure Statement is available at
https://tinyurl.com/y6qxprvm from Pacermonitor.com at no charge.

A copy of Folts Adult Home Inc.'s Amended Plan is available at
https://tinyurl.com/y36wgddm from Pacermonitor.com at no charge.

A copy of Folts Home's Amended Plan is available at
https://tinyurl.com/y2xnyuyg from Pacermonitor.com at no charge.

                     About Folts Home

Folts Home is a New York not-for-profit corporation and the owner
of a 163-bed long-term residential health care and rehabilitation
facility located at 100-122 North Washington Street, Herkimer, New
York.  In addition to long-term skilled nursing and residential
care, Folts Home provides memory care to residents with dementia,
palliative care and respite care and operates an adult day care
program.  Folts Home also offers rehabilitation services, like
physical, occupational and speech therapy, on both inpatient and
out-patient bases.  Currently, Folts Home has approximately 218
active employees.  Approximately 124 of the employees are
full-time, 60 are part-time and 34 employees are employed on a per
diem basis. None of Folts Home's employees are represented by labor
unions.

Folts Adult Home, Inc. ("FAH"), also known as Folts-Claxton, is a
New York not-for-profit corporation and the owner of an 80-bed
adult residential center that was constructed in 1998 and is
located at 104 North Washington Street, Herkimer, New York.  FAH
residents reside in separate apartments and are provided services
like daily meals, laundry, housekeeping and medication assistance.
FAH has approximately 22 active employees.  Approximately 12 are
full-time employees and 10 are part-time employees. None of FAH's
employees are represented by labor unions.

Folts Home and FAH currently have average daily censuses of 145 and
69, respectively.  Folts Home has 3 major payors: Medicare,
Medicaid and Excellus/Blue Cross.  The majority of FAH residents
are government subsidized, with 58% covered by Social Security
Insurance and 42% private pay.

Folts Home and Folts Adult Home, Inc., filed separate, voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. N.D.N.Y. Lead Case No. 17-60139) on Feb. 16, 2017.  The
Hon. Diane Davis presides over the cases.  Stephen A. Donato, Esq.,
at Bond, Schoeneck & King, PLLC, serves as the Debtors' counsel.

Folts Home and Folts Adult Home, Inc., through duly-appointed
receivers HomeLife at Folts, LLC and HomeLife at Folts-Claxton,
LLC, continue to operate their skilled nursing home and adult
residence businesses, respectively, and manage their properties as
debtors in possession.

William K. Harrington, the U.S. Trustee for Region 2, appointed
Krystal Wheatley as patient care ombudsman for the Debtors.


FRIENDSWOOD COMMERCIAL: Case Summary & 5 Unsecured Creditors
------------------------------------------------------------
Debtor: Friendswood Commercial, LLC
        PO Box 1344
        Friendswood, TX 77549

Business Description: Friendswood Commercial, LLC classified
                      its business as Single Asset Real Estate (as

                      defined in 11 U.S.C. Section 101(51B)).

Chapter 11 Petition Date: June 3, 2019

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

Case No.: 19-80177

Judge: Hon. Jeffrey P. Norman

Debtor's Counsel: Kimberly Anne Bartley, Esq.
                  WALDRON & SCHNEIDER, L.L.P.
                  15150 Middlebrook Drive
                  Houston, TX 77058
                  Tel: 281-488-4438
                  Fax: 281-488-4597
                  E-mail: kbartley@ws-law.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Harvey W. Doerring, manager.

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

         http://bankrupt.com/misc/txsb19-80177.pdf


GARY REED ENTERPRISES: June 27 Disclosure Statement Hearing
-----------------------------------------------------------
Bankruptcy Judge Paul R. Warren is set to hold a hearing on June
27, 2019 at 9:00 a.m. to consider approval of Gary Reed
Enterprises, Inc.'s disclosure statement dated May 16, 2019.

June 20, 2019 is fixed as the last day for filing and serving
written objections to the disclosure statement.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/y2bdmyl3 from PacerMonitor.com at no charge.

                 About Gary Reed Enterprises

Gary Reed Enterprises Inc., operator of a chain of eight Hair Zoo
hair salons in the Rochester, New York area, sought Chapter 11
protection (Bankr. W.D.N.Y. Case No. 18-20869) on Aug. 21, 2018.
In the petition signed by Gary Reed, Sr., president, the Debtor
estimated $1 million to $10 million in assets and liabilities.  The
Hon. Warren, U.S.B.J., oversees the case.  David L. Rasmussen,
Esq., at Davidson Fink, LLP, serves as the Debtor's bankruptcy
counsel.



GLANSAOL HOLDINGS: Discloses $1.65MM Contribution of Equity Sponsor
-------------------------------------------------------------------
Glansaol Holdings Inc. and affiliates filed a disclosure statement
for its third amended joint liquidating plan dated May 21, 2019.

The third amended joint liquidating plan discloses that on Feb. 1,
2019, the Bankruptcy Court entered the Order (A) Authorizing and
Approving Sales of Substantially All of the Debtors' Assets Free
and Clear of Liens, Claims, Encumbrances and Other Interests, (B)
Authorizing and Approving Assumption and Assignment of Certain
Executory Contracts and Unexpired Executory Contracts; and (C)
Granting Related Relief, authorizing the Debtors to sell
substantially all of their assets to AS Beauty LLC. The Debtors
effectuated that sale on Feb. 6, 2019. Subsequent to the sale, the
Debtors' assets are comprised primarily of cash and potential
causes of action that the estates may hold against various parties.
Over the past several months, the Debtors, the Committee, and the
Debtors' equity sponsor have worked diligently to negotiate a
consensual chapter 11 plan that the Debtors and the Committee
believe maximizes the value of the estates for the benefit of all
creditors. These negotiations culminated in the Global Settlement.

Pursuant to the Plan, the Debtors will conduct an orderly wind down
of their remaining affairs and distribute cash to creditors in
accordance with the Allocation Schedule. Pursuant to the Plan and
the Global Settlement, the Debtors' equity sponsor will contribute
$1.65 million in cash to the estates to resolve any and all claims
that the estates may be able to assert against, among others, the
Debtors' equity sponsor, directors and officers.

The terms of the Plan and the Global Settlement are the following:

   (a) Provide for payment in full in Cash of all Administrative
Claims at each Debtor on the Plan's Effective Date or as soon as
reasonably practicable thereafter;

   (b) Implement an orderly and timely Distribution process by the
Plan Administrator;

   (c) Enhance creditor recoveries by the Sponsor Settlement Amount
of $1,650,000, which would be paid by the Sponsor in exchange for
the settlement and release of potential litigation claims against
the Sponsor and the Debtors' directors and officers;

   (d) Resolve numerous complex, costly, and time-consuming issues
such as the validity and enforceability of certain disputed
Intercompany Claims and allocation of Plan Funding among the
various Debtors;

   (e) Provide for the Debtors' waiver of all Avoidance Actions
against creditors, which will allow for a timely wind-down of the
Debtors' businesses and prompt Distributions to creditors; and

   (f) Provide for the waiver of recoveries by holders of Existing
Interests and the redistribution of such recoveries to creditors.

The Plan would result in the following estimated recoveries to
holders of General Unsecured Claims:

   Laura Geller Beauty, LLC     8.2% - 26.9%
   Julep Beauty, LLC           15.2% - 25.7%
   Clark's Botanicals, Inc.    25.0% - 32.3%
   Glansaol Management LLC     16.9% - 18.4%

A blacklined copy of the Third Amended Disclosure Statement dated
May 21, 2019 is available at https://tinyurl.com/y3woykaf from
Pacermonitor.com at no charge.

                    About Glansaol Holdings

Headquartered in New York, Glansaol Holdings Inc. and its
subsidiaries are an independent prestige beauty and personal care
companies.

On Dec. 19, 2018, Glansaol Holdings Inc. and seven of its
subsidiaries filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Lead Case No. 18-14102).  Glansaol estimated assets and liabilities
of $10 million to $50 million.

The Debtors tapped Willkie Farr & Gallagher LLP as legal counsel;
Emerald Capital Advisors as financial advisor; and Omni Management
Group Inc. as claims and noticing agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on Dec. 28, 2018.  The committee tapped Arent
Fox LLP as its counsel, and CBIZ Accounting, Tax and Advisory of
New York, LLC, as its financial advisor.


GREENTECH AUTOMOTIVE: Rubin and Rudman Represents Bi Claimants
--------------------------------------------------------------
In the Chapter 11 cases of Greentech Automotive, Inc., the law firm
Rubin and Rudman LLP said it is supplementing the disclosures of
Xia Bi, et al., under Rule 2019 of the Federal Rules of Bankruptcy
Procedure, to disclose that, as of May 30, 2019, the firm is
representing these clients:

    * Xia Bi
    * Nian Chen
    * Yue Wang
    * Yahong Wang
    * Meiming Shen
    * Junpig Yao
    * Bixiang Tang
    * Xuemei Zheng
    * Chunsheng Li
    * Lin Lin
    * Lan Liu
    * Yunping Tan
    * Ying Cheng
    * Jian Will

Counsel for the Bi Claimants can be reached at:

          Rubin and Rudman LLP
          800 Connecticut Ave., NW, Suite 400
          Washington, DC 20006
          Telephone: (202) 794-6300
          E-mail: gpitts@rubinrudman.com

               About GreenTech Automotive

GreenTech Automotive, Inc. -- http://www.wmgta.com/us-- an
electric car company, and five affiliates filed for Chapter 11
bankruptcy protection (Bankr. E.D. Va. Lead Case No. 18-10651) on
Feb. 26, 2018.

GreenTech Automotive, headquartered in Sterling, Virginia, was
organized in Mississippi in 2009 for the purpose of developing,
producing, marketing and financing energy efficient automobiles,
including electric cars.  WMIC, a Virginia corporation, is a
holding company that holds a majority of the outstanding shares of
common stock of GreenTech.

In the petition signed by Norman Chirite, authorized
representative, GreenTech estimated $100 million to $500 million in
assets and liabilities.  

The Hon. Brian F. Kenney oversees the cases.

Kristen E. Burgers, Esq., at Hirschler Fleischer PC, and Mark S.
Lichtenstein, Esq., at Crowell & Moring LLP, serve as legal counsel
to the Debtors.


HOOD LANDSCAPING: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Hood Landscaping Products, Inc.
        P.O. Box 117
        Adel, GA 31620

Business Description: Hood Landscaping Products, Inc.,
                      based in Adel, Georgia, is a wholesaler
                      of landscaping equipment and supplies.

Chapter 11 Petition Date: June 3, 2019

Court: United States Bankruptcy Court
       Middle District of Georgia (Valdosta)

Case No.: 19-70644

Judge: Hon. John T. Laney III

Debtor's Counsel: Thomas D. Lovett, Esq.
                  KELLEY, LOVETT, BLAKEY & SANDERS, P.C.
                  P.O. Box 1164
                  2912-B North Oak Street
                  Valdosta, GA 31603-1164
                  Tel: 229-242-8838
                  Fax: 229-242-1151
                  E-mail: tlovett@kelleylovett.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Leon Hood, CFO.

The Debtor did not file a list of its 20 largest unsecured
creditors together with the petition.

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

            http://bankrupt.com/misc/gamb19-70644.pdf


HOUTEX BUILDERS: Unsecureds to be Paid from Auction Proceeds
------------------------------------------------------------
Houtex Builders, LLC, 2203 Looscan Lane, LLC and 415 Shadywood,
LLC, filed a Chapter 11 Plan and accompanying Disclosure
Statement.

Houtex General Unsecured Claims are impaired with claim $5,000,000
to $7,000,000.  These claims will be paid pro rata either through
recoveries by Liquidating Trust.

Shadywood General Unsecured Claims are impaired with claim $700,000
to $1,400,000. These claims will be paid pro rata based on results
of auction.

Looscan General Unsecured Claims are impaired with claim $950,000
to $1,100,00.  These claims will be paid pro rata based on results
of auction.

Shadywood DIP Facility Claim are impaired with claim $60,000 to
$120,788. Will be used as a credit in Auction of Remnant Assets.

Looscan DIP Facility Claim are impaired with claim $60,000 to
$116,524. Will be used as a credit in Auction of Remnant Assets.

The Houtex Remnant Assets shall be assigned to the Houtex
Liquidating Trust on the Effective Date.

A full-text copy of the Disclosure Statement dated May 20, 2019, is
available at https://tinyurl.com/yxq6kcho from PacerMonitor.com at
no charge.

                 About HouTex Builders

Located at 17 Courtlandt Place, Houston, Texas 77006, HouTex
Builders, LLC, and affiliates 415 Shadywood, LLC and 2203 Looscan
Lane, LLC are privately held companies engaged in activities
related to real estate.  2203 Looscan, LLC and 415 Shadywood, LLC,
are special purpose entities established for the purpose of
constructing new houses.  2203 Looscan, LLC and 415 Shadywood, LLC
are each owned 100% by Charles C. Foster and Lily Foster.

HouTex Builders, LLC, 415 Shadywood, LLC, and 2203 Looscan Lane,
LLC, sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No.
18-34658) on Aug. 23, 2018.  In the petitions signed by Charles C.
Foster, manager, the Debtors each estimated assets and liabilities
in the range of $1 million to $10 million and in the range of $1
million to $10 million.

Judge Jeffrey P. Norman presides over the cases.

The Debtors tapped Charles M. Rubio, Esq., at Diamond McCarthy,
LLP, as counsel.


HUFFERMEN INC: Court OK's Disclosures; July 16 Plan Hearing
-----------------------------------------------------------
Bankruptcy Judge Madeleine C. Wanslee approved Huffermen, Inc.'s
first disclosure statement in support of its first plan of
reorganization.

The Court will consider whether to confirm the Plan at a hearing on
July 16, 2019, at 10:00 a.m.  The Confirmation Hearing will be held
in Courtroom 702, at the U.S. Bankruptcy Court, 230 N. First Ave.,
Phoenix, AZ 85003.

Written objections to confirmation of the plan must be filed by
July 8, 2019.

Ballots accepting or rejecting the plan must be filed by July 9,
2019.

The Troubled Company Reporter previously reported that Class 3-B
Unsecured Creditors will be paid a pro-rata share from Huffermen's
Excess Cash Flow, on a semi-annual basis (with payments to be sent
out for the prior half-year by February 15 and August 15), until
they have been paid 50% of the amount of their Allowed Claim, after
all senior Allowed Claims have been paid in accordance with the
terms of the Plan, but before any payments are made to Class 3-A.

A full-text copy of the Disclosure Statement dated March 27, 2019,
is available at http://tinyurl.com/y22tlqxyfrom PacerMonitor.com  
at no charge.

                     About Huffermen Inc.

Huffermen, Inc., is in the business of plastic bottle manufacturing
and advertising specialties printing and has been in operation
since 2000.  Huffermen is owned and operated by Ross Dodson and
Eric Miller.  Mr. Dodson owns 75% of the outstanding shares in
Huffermen and Mr. Miller owns the remaining shares.

Huffermen, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 18-14369) on Nov. 26,
2018.  In the petition signed by Ross Dodson, president, the Debtor
estimated assets and liabilities of $500,000 to $1 million.  Keery
McCue, PLLC, is the Debtor's counsel.  No official committee of
unsecured creditors has been appointed in the Chapter 11 case.


IPS WORLDWIDE: Trustee Taps Latham Shuker as Legal Counsel
----------------------------------------------------------
Alex Moglia, the Chapter 11 trustee for IPS Worldwide LLC, received
approval from the U.S. Bankruptcy Court for the Middle District of
Florida to hire Latham, Shuker, Eden & Beaudine, LLP as his legal
counsel.

The firm will provide services to the trustee in connection with
the Debtor's Chapter 11 case, which include legal advice regarding
his rights and duties under the Bankruptcy Code and the preparation
of a plan of reorganization.

The firm's hourly rates are:

     Partners              $350 - $575
     Associates            $220 - $290
     Paraprofessionals     $105 - $160

R. Scott Shuker, Esq., a partner at Latham, disclosed in court
filings that his firm is "disinterested" as defined in Section
101(14) of the Bankruptcy Code.

Latham can be reached through:

     R. Scott Shuker, Esq.
     Latham, Shuker, Eden & Beaudine, LLP
     111 N. Magnolia Ave., Suite 1400
     P.O. Box 3353
     Orlando, FL 32801
     Phone: (407) 481-5800
     Fax: (407) 481-5801
     Email: rshuker@lseblaw.com

                     About IPS Worldwide

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

The Debtor tapped the Law Offices of Scott W. Spradley, P.A., as
its bankruptcy counsel, and Moglia Advisors as its investment
banking advisor.

Alex D. Moglia was appointed as the Debtor's Chapter 11 trustee.
The trustee is represented by Latham, Shuker, Eden & Beaudine, LLP.


J & S PRODUCE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: J & S Produce, Inc.
           dba J & S Produce Trucking
           dba Oconee Farmers Market
        PO Box 513
        Mt. Vernon, GA 30445

Business Description: J & S Produce, Inc. is a wholesaler of
                      fruits and vegetables.

Chapter 11 Petition Date: June 3, 2019

Court: United States Bankruptcy Court
       Southern District of Georgia (Dublin)

Case No.: 19-30114

Judge: Hon. Susan D. Barrett

Debtor's Counsel: J. Michael Hall, Esq.
                  HALL & NAVARRO, LLC
                  5 Oak Street
                  Statesboro, GA 30458
                  Tel: (912) 764-6757
                  Fax: (912) 764-6756
                  E-mail: mhall@hallnavarro.com

Total Assets: $463,934

Total Liabilities: $2,010,062

The petition was signed by Josiah Johnson, IV, CEO.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at:

          http://bankrupt.com/misc/gasb19-30114.pdf


J.C. PENNEY: Moody's Cuts CFR to Caa1 & Sr. Unsec. Notes to Caa3
----------------------------------------------------------------
Moody's Investors Service downgraded Penney (J.C.) Company, Inc.
Corporate Family Rating to Caa1 from B3 and its Probability of
Default rating to Caa1-PD from B3-PD. Moody's also downgraded
Penney (J.C.) Corporation, Inc.'s senior secured ABL Revolving
Credit Facility to B2 from Ba3, its senior secured term loan and
senior secured notes to B3 from B1, its secured second lien notes
downgraded to Caa2 from Caa1 and its senior unsecured notes were
downgraded to Caa3 from Caa2. The rating outlook is stable. The
company's SGL-1 rating has been downgraded to SGL-2.

"J.C. Penney's continues its aggressive liquidation of inventory as
it works to recapture customers in a very competitive environment,"
Moody's Vice President Christina Boni stated. "Further pressure on
sales performance in 2019 is expected to result in leverage
remaining elevated" Boni further added.

Downgrades:

Issuer: Penney (J.C.) Company, Inc.

  Probability of Default Rating, Downgraded to Caa1-PD from
  B3-PD

  Speculative Grade Liquidity Rating, Downgraded to SGL-2
  from SGL-1

  Corporate Family Rating, Downgraded to Caa1 from B3

Issuer: Penney (J.C.) Corporation, Inc.

  Senior Secured Term Loan, Downgraded to B3 (LGD3) from B1
  (LGD3)

  Senior Secured ABL Revolving Credit Facility, Downgraded to
  B2 (LGD3) from Ba3 (LGD2)

  Senior Secured Regular Bond/Debenture, Downgraded to B3 (LGD3)
  from B1 (LGD3)

  Senior Secured 2nd Lien Regular Bond/Debenture, Downgraded to
  Caa2 (LGD5) from Caa1 (LGD4)

  Senior Unsecured Medium-Term Note Program, Downgraded to
  (P)Caa3 from (P)Caa2

  Senior Unsecured Regular Bond/Debenture, Downgraded to Caa3
  (LGD5) from Caa2 (LGD5)

  Senior Unsecured Shelf, Downgraded to (P)Caa3 from (P)Caa2

Outlook Actions:

Issuer: Penney (J.C.) Company, Inc.

  Outlook, Remains Stable

RATINGS RATIONALE

J.C. Penney's credit profile is supported by the company's good
liquidity with approximately $1.75 billion - $171 million of cash
and approximately $1.6 billion of undrawn revolving credit
commitments as of May 4, 2019. Moody's expects the company will
generate minimal free cash flow in fiscal 2019 as the company works
to improve its competitive position. Debt/EBITDA is estimated to be
in excess of 7 times at fiscal year-end 2019. The need to reduce
inventory levels and connect more effectively with its core
customer suggests that leverage levels will remain elevated as the
company works with new leadership to define and execute its
strategy to return to stabilizing its market position and improving
profitability. The credit is also constrained by the structural
challenges facing the department store segment, which include
market share losses to off-price retailers, and the cost of
investments associated with managing consumer preferences for
online shopping.

The stable rating outlook assumes that J.C. Penney will continue to
maintain good liquidity as its moves toward stabilizing both sales
and operating margins.

Ratings could be upgraded if the company maintains a good liquidity
profile and has consistent growth in sales and operating earnings
indicating its business initiatives are succeeding. Quantitatively,
the company could be upgraded if Debt/EBITDA was reduced and
sustained below 6.0x.

Ratings could be downgraded if credit metrics were to weaken such
that company's good liquidity profile were to erode.

J.C. Penney Company, Inc. is the holding company of J.C. Penney
Corporation, Inc., a U.S. department store operator headquartered
in Plano, Texas, with about 860 locations in the United States and
Puerto Rico. It also operates a website, www.jcp.com. Revenues are
approximately $11.9 billion.


JERRY TORRES: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Jerry Torres Properties, LLC
        1032 S. Presa
        San Antonio, TX 78210

Business Description: Jerry Torres Properties, LLC is a privately
                      held company in San Antonio, Texas that
                      operates in the restaurants industry.

Chapter 11 Petition Date: June 4, 2019

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Case No.: 19-51375

Judge: Hon. Ronald B. King

Debtor's Counsel: Nathan C. Cace, Esq.
                  THE LAW OFFICE OF NATHAN C. CACE, P.C.
                  6609 Blanco Road, Suite 235
                  San Antonio, TX 78216
                  Tel: (210) 884-9085
                  Fax: 210 579 2023
                  E-mail: nathan@cacelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Rejinaldo Torres, manager.

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

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

            http://bankrupt.com/misc/txwb19-51375.pdf


KONA GRILL: Taps Keen-Summit as Real Estate Advisor
---------------------------------------------------
Kona Grill, Inc., received approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Keen-Summit Capital Partners
LLC as its real estate advisor.

The firm will provide lease restructuring services to the company
and its affiliates and will be compensated pursuant to the terms of
this fee structure:

     (1) Lease Modification. Upon full execution of the lease
modification agreement, the Debtors will pay the firm on a per
property basis, $2,000, plus 6 percent of "savings."

     (2) Early Termination Right. For each acceptable lease
modification agreement that includes an early termination
right/kick-out right, the Debtors will pay an additional fee of
$750 per modification.

     (3) Lease Termination. Upon full execution of the lease
modification agreement, the Debtors will pay the firm, on a per
property basis, 5 percent of "savings." Rejecting a lease in a
bankruptcy situation does not trigger a transaction fee.

Matthew Bordwin, managing director of Keen-Summit, 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:

     Matthew Bordwin
     Keen-Summit Capital Partners LLC
     1 Huntington Quadrangle, Suite 2C04
     Melville, NY 11747
     Telephone: (646) 381-9202
     Email: mbordwin@Keen-Summit.com

                       About Kona Grill

Kona Grill, Inc. -- https://www.konagrill.com/ -- owns and operates
27 casual dining restaurants in 18 states, as well as Puerto Rico,
serving contemporary American favorites, sushi, and alcoholic
beverages throughout the United States and Puerto Rico.

Kona Grill, Inc., and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. Del. Lead Case No.
19-10953) on April 30, 2019.  As of Dec. 31, 2018, the Debtors'
total assets is $53,613,000 and total liabilities of $74,049,000.
The petition was signed by Christopher J. Wells, chief
restructuring officer.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as counsel;
Piper Jaffray as investment banker; Alvarez & Marsal North America,
LLC as restructuring advisor and Epiq Corporate Restructuring, LLC,
as claims and noticing agent.


KONA GRILL: Taps Pachulski Stang as Legal Counsel
-------------------------------------------------
Kona Grill, Inc., received approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Pachulski Stang Ziehl & Jones
LLP as its legal counsel.

The firm will provide services to the company and its affiliates in
connection with their Chapter 11 cases, which include legal advice
regarding their powers and duties under the Bankruptcy Code and the
preparation of a bankruptcy plan.

The firm's hourly rates are:

     Partners              $725 - $1,395
     Of Counsel            $650 - $1,095
     Associates            $575 - $695
     Paraprofessionals     $325 - $425

Pachulski received payments from the Debtors in the amount of
$520,552.61 during the year prior to the petition date.

James O'Neill, Esq., a partner at Pachulski, 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.
O'Neill 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 Pachulski professional has varied his
rate based on the geographic location of the Debtors' bankruptcy
cases.

Pachulski represented the Debtors in the 12 months prior to the
petition date.  The billing rates and material financial terms for
the pre-bankruptcy period remain the same as the post-petition
period, according to Mr. O'Neill.

The attorney also disclosed that the Debtors have already approved
the firm's budget and staffing plan for the first 13 weeks of the
Debtors' bankruptcy cases.

Pachulski can be reached through:

     Jeremy V. Richards, Esq.
     James E. O'Neill, Esq.
     John W. Lucas, Esq.
     Pachulski Stang Ziehl & Jones LLP
     919 N. Market Street, 17th Floor
     Wilmington, DE 91899
     Tel: (302) 652-4100
     Fax: (302) 652-4400
     Email: jrichards@pszjlaw.com
            jo'neill@pszjlaw.com
            jlucas@pszjlaw.com

                       About Kona Grill

Kona Grill, Inc. -- https://www.konagrill.com/ -- owns and operates
27 casual dining restaurants in 18 states, as well as Puerto Rico,
serving contemporary American favorites, sushi, and alcoholic
beverages throughout the United States and Puerto Rico.

Kona Grill, Inc., and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. Del. Lead Case No.
19-10953) on April 30, 2019.  As of Dec. 31, 2018, the Debtors'
total assets is $53,613,000 and total liabilities of $74,049,000.
The petition was signed by Christopher J. Wells, chief
restructuring officer.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as counsel;
Piper Jaffray as investment banker; Alvarez & Marsal North America,
LLC as restructuring advisor and Epiq Corporate Restructuring, LLC,
as claims and noticing agent.


LD INTERMEDIATE: S&P Puts 'CCC+' ICR on Watch Positive After Merger
-------------------------------------------------------------------
S&P Global Ratings placed its 'CCC+' issuer credit rating on LD
Intermediate Holdings Inc. (KLD) on CreditWatch with positive
implications.

"The CreditWatch placement reflects our view that the proposed
merger of KLD and Pivotal Acquisition Corp. could strengthen the
company's financial risk profile beyond our expectations for the
current rating. The company will likely use proceeds from the
transaction to repay $136 million of debt, and fund $75 million of
cash to KLD's balance sheet," S&P said.

The companies expect the merger to close in the third quarter of
2019. As of March 31, 2019, pro forma for $136 million debt
repayment, KLD's adjusted debt leverage was about 6x.

"We aim to resolve the CreditWatch when the merger closes after
reviewing the transaction details, and reviewing the operating plan
and financial policy of the new entity," S&P said.


LDE HOLDINGS: June 25 Plan Confirmation Hearing
-----------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of LDE
Holdings, LLC, is conditionally approved.

A hearing to consider final approval of the disclosure statement
and a confirmation hearing on the debtor’s plan of reorganization
is scheduled before Judge Jerry A. Brown, in Courtroom 705, Hale
Boggs Federal Building, 500 Poydras Street, New Orleans, Louisiana
on Tuesday, June 25, 2019 at 10:30 A.M.

June 18, 2019 is fixed as the last day to file and serve written
objections to both the Debtor's disclosure statement and
confirmation of the Debtor's plan of reorganization.

The Debtor's counsel shall tabulate the votes accepting and/or
rejecting the plan of reorganization and submit the ballots in hard
copy to the Clerk at least three (3) days prior to the confirmation
hearing date.

                    About LDE Holdings

Based in New Orleans, Louisiana, LDE Holdings filed a voluntary
petition for relief under Chapter 11 of Title 11 of the United
States Code (Bankr. E.D. La. Case No. 18-12425) on Sept. 13, 2018,
listing under $1 million in assets and liabilities. The Petition
was signed by Alan "Chip" Abboud, Sr., managing member. Albert J.
Derbes, IV, Esq., at The Derbes Law Firm, L.L.C., is counsel to the
Debtor.


MACON INC: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Macon, Inc.
        226 County Rd 3341
        Paradise, TX 76073-2245

Business Description: Macon, Inc. is a structural steel
                      fabricator in Paradise, Texas.

Chapter 11 Petition Date: June 4, 2019

Court: United States Bankruptcy Court  
       Northern District of Texas (Ft. Worth)

Case No.: 19-42319

Judge: Hon. Edward L. Morris

Debtor's Counsel: Jeff D. Carruth, Esq.
                  WEYCER, KAPLAN, PULASKI & ZUBER, P.C.
                  3030 Matlock Rd., Suite 201
                  Arlington, TX 76015
                  Tel: 713-341-1158
                  Fax: (866) 666-5322
                  E-mail: jcarruth@wkpz.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kathy Matthews/J.R. Matthews, authorized
representatives.

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

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

           http://bankrupt.com/misc/txnb19-42319.pdf


N & B MANAGEMENT: Rimonis Seek Rejection of Proposed Plan Outline
-----------------------------------------------------------------
Creditors Erez Rimoni and Alon Rimoni filed a joint objection to N
& B Management Co., LLC's disclosure statement in connection with
its plan of reorganization.

The Rimonis object to the Disclosure Statement as the Plan purports
to treat and classify creditors differently and seemingly
arbitrarily. The Plan creates separate classes for creditors: Class
6 - Guy Gavish Gabovich and David Cohen – Secured Claim; Class 8
- Alon Rimoni – Secured Claim; Class 9 - Erez Rimoni –
Unsecured Claim; and Class 10 - Nancy Maribel Rosales Llaury/Ziv
Hadar – Unsecured Claim

Each of these creditors that are remaining, Gabovich/Cohen, the
Rimonis and Llaury/Hadar, similarly invested money into Debtor for
specific real property which was never conveyed to them, but the
Disclosure Statement and Plan appear to treat these creditors very
differently:

   a. It is unclear how Gabovich/Cohen maintain a secured claim, as
there has been no judgment, lien/mortgage, or other evidence of
security. While a restitution order was entered in the criminal
case against Golan Barak individually, there is no judgment that
predates the Petition Date against the Debtor which would entitle
Gabovich/Cohen with a secured claim.

   b. Despite listing Gabovich/Cohen as having secured claims, Erez
Rimoni and Llaury/Hadar (who also was named in the Restitution
Order against Golan Barak individually), are not listed as having
secured claims. Yet, both Erez and Alon Rimoni actually have filed
lis pendens, prior to Petition Date, as to certain properties owned
by Debtor related to their claims – which would provide the
Rimonis with a right to a secured claim.

   c. Alon Rimoni's claim is identified as a "Secured Claim," but
then goes on to state that it is objected to, and "to the extent
any claim amount is allowed by the Bankruptcy Court whether by
stipulation or the end result of litigation, then the claim will be
treated in Class 11 as a General Unsecured Claim."

The Disclosure Statement, as drafted, does not provide an adequate
depiction of the various classes of creditors and their respective
rights.

A copy of the Rimonis' Objection is available at
https://tinyurl.com/y4j6fcju from Pacermonitor.com at no charge.

The Troubled Company Reporter previously reported that the Class 11
General Unsecured Creditors allowed claims will be paid up to 100%
of their claims from the remaining net proceeds after the
liquidation of certain real property as determined by the Debtor.
These claims will be paid in full with no interest within 12 months
from the Plan Effective Date.

A copy of the Disclosure Statement dated April 29, 2019 is
available at https://tinyurl.com/y3wgo2o4 from Pacermonitor.com at
no charge.

Attorneys for Erez and Alon Rimoni:

     Robert E. Dauer, Jr., Esq.
     Jason M. Yarbrough, Esq.
     Gary M. Sanderson, Esq.
     535 Smithfield Street, Suite 1300
     Pittsburgh, Pennsylvania 15222-2315
     TEL: (412) 456-2800
     FAX: (412) 456-2864
     E-Mail: red@muslaw.com
             jmy@muslaw.com
             gms@muslaw.com

                 About N & B Management Co

N & B Management Company, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Pa. Case No. 16-24728) on Dec. 23, 2016,
estimating less than $1 million in assets and liabilities.  Francis
E. Corbett, Esq., is the Debtor's counsel.  

Jeffrey Sikirica was appointed Chapter 11 trustee in the Debtor's
case on May 15, 2018.  The Chapter 11 trustee is represented by
Jeffrey J. Sikirica, Esq., in Gibsonia, Pennsylvania.


NORBORD INC: DBRS Confirms BB Issuer Rating
-------------------------------------------
DBRS Limited confirmed the Issuer Rating as well as the Senior
Secured Notes (the Notes) rating on Norbord Inc. at BB. The
recovery rating on the Notes remains at RR3 and the trends on all
ratings remain Positive. The confirmations reflect DBRS's
expectation that the current softness in the North American
oriented-strand-board (OSB) market is temporary and will not
permanently affect Norbord's credit metrics and business profile.
Furthermore, even though 2019 EBITDA and cash flow are expected to
be much lower than in 2018, the Company's credit metrics remain
strong for the rating category. The ratings remain supported by
Norbord's leadership position in its key North American and western
European markets, its low-cost operations and its broad operating
footprint in key markets. The Company has also made some progress
in diversifying its operations toward specialty products, but
Norbord remains substantially exposed to volatile wood-panel end
markets, especially for commodity OSB and OSB-linked product
lines.

Since the second half of 2018, a softer OSB pricing environment in
North America driven by new capacity coming online in 2019 combined
with levelling off U.S. housing starts has led to a sharp decline
in the Company's profitability, amplified by the impact of rising
wood and energy costs as well as the temporary curtailment of some
of their mills. The European operations, however, posted solid
performance led by higher mill realizations, volumes, and operating
rates. In the last 12 months ended Q1 2019 (LTM Q1 2019), the
Company's EBITDA margin decreased to 26% from about 30% in both
2017 and 2018. Shipments in both North America and Europe continued
to trend steadily upward. Despite higher volumes, EBITDA decreased
to $540 million (DBRS calculation) in the LTM Q1 2019,
approximately 25% lower than in 2018 and 19% lower than in 2017. As
a result of these dynamics and, as it has done in past periods of
market softness, the Company cut its dividend to CAD 0.40 per share
in Q1 2019 from CAD 0.60 to preserve liquidity. In Q1 2019, Norbord
drew $80 million on an accounts receivable securitization program,
which led to increased debt levels compared with December 31, 2018;
however, DBRS views these drawings as temporary and expects them to
be repaid once liquidity needs lessen. Overall debt levels remain
comfortable for the rating category and DBRS continues to view
positively the Company's pledge that the $200 million note
redemption in February 2017 was a permanent deleveraging.

While Norbord's financial profile has weakened in the last 12
months, which is directly correlated to its exposure to
cyclical/volatile end markets, DBRS views the Company's business
risk profile as mostly unchanged. As per DBRS's "Rating Companies
in the Forest Products Industry" methodology, given that forest
products are among the more volatile industries, DBRS recognizes
and adjusts for these fluctuations in the determination of
Norbord's financial risk assessment by taking a forward-looking,
normalized view of its performance. That said, although demand and
supply shocks are always a concern in wood-panel markets, DBRS
believes that the current softness in OSB pricing is similar to
that experienced in the past and believes that both Norbord's
financial and business risk profiles will not be negatively
affected over the long term.

If a downturn sets in which causes DBRS to believe that there will
be a persistent market weakness, DBRS would likely remove the
Positive trend and may consider a negative rating action. However,
if the market environment recovers as it has in the past and if the
Company remains committed to expanding its specialty product
business, DBRS will consider upgrading the ratings in the near
term.


NORTHWEST FARM: No Distribution for Unsecured Creditors Under Plan
------------------------------------------------------------------
Northwest Farm & Home Supply Co. filed with the U.S. Bankruptcy
Court for the District of South Dakota an amended disclosure
statement in support of its modified plan dated May 20, 2019.

Class 6 under the plan consists of the general unsecured creditors.
At the Petition Date, the total scheduled amount of general
unsecured claims is $1,002,603.30, spread among 44 creditors.

Under the plan, general unsecured claims are to be discharged, and
no distribution is proposed for general unsecured claims. Debtor
believes that most general unsecured creditors will prefer to have
the prospect of future business with the Reorganized Debtor, even
with a discharge of prepetition claims, over liquidation of the
Debtor and termination of its business operations. Nevertheless,
for suppliers who provide post-petition goods and services to
Debtor under ordinary business terms. Debtor may provide voluntary
payments to such suppliers, after the Effective Date, on their
pre-petition claims.

Payments and distributions under the Plan will be funded by
Debtor's continued operations.

A copy of the Amended Disclosure Statement dated May 20, 2019 is
available at https://tinyurl.com/y67as7mp from Pacermonitor.com at
no charge.

              About Northwest Farm & Supply Co.

Northwest Farm & Supply Co. -- https://www.nwsupply.biz -- is an
independent and locally owned business that sells automotive
supplies; building materials, cleaning supplies; doors & windows;
electrical; farm & ranch supplies; hardware; heating, ventilation
and air conditioning; housewares; lawn & garden supplies; paint and
painting supplies; power tools and accessories; and storage and
organization supplies.  The Company has a complete feed and farm
and ranch department along with a retail store.

Northwest Farm & Supply filed a Chapter 11 petition (Bankr. D.S.D.
Case No. 19-50031), on March 1, 2019.  The petition was signed by
Douglas A. Peterson, president.  At the time of filing, the Debtor
had $1,820,027 in assets and $3,106,223 in debts.

The case is assigned to Judge Charles L. Nail, Jr.  The Debtor is
represented by Donald L. Swanson, Esq., at Koley Jessen P.C.,
L.L.O.


OLEUM EXPLORATION: Seeks More Time to File Amended Exit Plan
------------------------------------------------------------
Oleum Exploration, LLC asked the U.S. Bankruptcy Court for the
Middle District of Pennsylvania to extend the exclusive periods to
file an amended Chapter 11 plan through Sept. 16, and to solicit
acceptances for the plan through Nov.16.

The company anticipates amending its proposed plan of
reorganization, which it filed on April 16.  The plan provides for
the reorganization of the company as a going concern and
contemplates the payment of pre-bankruptcy vendor claims, priority
claims and the PAPCO claim in full or substantially in full.  Each
general unsecured creditor will receive cash totaling 99% of its
allowed claim as follows: (i) 50% of the allowed claim on or after
the effective date; and (ii) 49% of the allowed claim on or before
the first anniversary of the effective date.

The plan will be funded by cash on hand, including cash from
operations and the proceeds of the debtor-in-possession
facilities.

                      About Oleum Exploration

Oleum Exploration, LLC, a production and exploration company
operating in Gulf Coast Basin, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 19-00664) on Feb.
16, 2019.  At the time of the filing, the Debtor disclosed
$2,164,154 in assets and $10,400,625 in liabilities. The case has
been assigned to Judge Robert N. Opel II.  Kurtzman Stead, LLC is
the Debtor's bankruptcy counsel.


ON TIME ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: On Time Electric, Inc.
        3012 Canal St
        Houston, TX 77003-1627

Business Description: On Time Electric Inc. is a full service
                      electrical contractor based in Houston,
                      Texas.

Chapter 11 Petition Date: June 3, 2019

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

Case No.: 19-33152

Judge: Hon. Jeffrey P. Norman

Debtor's Counsel: Michael L. Hardwick, Esq.
                  MICHAEL HARDWICK LAW, PLLC
                  2200 North Loop West, Suite 116
                  Houston, TX 77018
                  Tel: 832-930-9090
                  E-mail: michael@michaelhardwicklaw.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Jolley McCutchen, II, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

       http://bankrupt.com/misc/txsb19-33152_creditors.pdf

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

        http://bankrupt.com/misc/txsb19-33152.pdf


OUTERSTUFF LLC: S&P Downgrades ICR to 'CCC+'; Outlook Negative
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S. youth
sports apparel manufacturer Outerstuff LLC to 'CCC+' from 'B-'.

At the same time, S&P lowered its issue-level rating on the
company's asset-based lending (ABL) facility to 'B+' from 'BB-' and
its issue-level rating on its term loan to 'CCC+' from 'B-'.

Outerstuff's profitability in the fourth quarter of 2018 and first
quarter of 2019 was well below S&P's expectations and it now views
the company's capital structure as unsustainable. Outerstuff
recently reported its financial results for the fourth quarter of
2018 and first quarter of 2019, which indicated that its operating
performance over this period was significantly worse than S&P had
expected. Although the company's sales increased by almost 10% in
the fourth quarter, its EBITDA margin declined by more than 400
basis points (bps) due to shifts in its product mix and the
company's decision to take back inventory from certain retailers.
Sales of Outerstuff's NFL products remain weak, which has hurt the
company's margins because it must pay the league a guaranteed
minimum license fee regardless of the volume of NFL products it
sells.

The negative outlook on Outerstuff reflects S&P's view that the
company's capital structure is unsustainable. S&P said it could
lower its ratings on Outerstuff if the company's performance
continues to deteriorate.

"We could consider lowering our ratings on Outerstuff if its
profitability continues to deteriorate and erodes the company's
liquidity position such that we envision a specific default
scenario over the subsequent 12 months. These scenarios could
include a payment default or a distressed debt exchange," S&P said,
adding that it could also lower the rating if the company fails to
address its maturity profile before its capital structure becomes
current in the first quarter of 2020.

S&P said it could consider raising its rating on Outerstuff if the
company is able to maintain EBITDA interest coverage of more than
1.5x while reducing its leverage below 8x and generating positive
free cash flow (after tax-related dividend payments). This could
occur because of better-than-expected sales growth and cost
control, new licensing deals, or the renegotiation of one or more
of its minimum revenue guarantee contracts to lower its fixed
obligations, according to the rating agency.

"Before raising our ratings, we would also need to believe that
Outerstuff's operations have improved sufficiently such that it
will be able to successfully refinance its term loan due in 2021,"
S&P said.


P2 UPSTREAM: Moody's Alters Outlook on Caa1 CFR to Positive
-----------------------------------------------------------
Moody's Investors Service has affirmed P2 Upstream Acquisition
Co.'s Caa1 Corporate Family Rating and its Caa1-PD probability of
default rating. Moody's affirmed the respective B2 and Caa2 ratings
on P2's first- and second-lien debt, and changed its outlook to
positive, from stable.

RATINGS RATIONALE

P2's improved outlook acknowledges the better than expected revenue
performance and pace of deleveraging that Moody's foresees over the
intermediate term. After having posted flat revenues for fiscal
years 2016 to 2018 (ending in September), P2 is on a pace to
realize a 9% gain in fiscal 2019, albeit off a very small, $155
million base. Moody's expects P2's adjusted debt-to-EBITDA leverage
to improve to below 7.5 times by the end of this fiscal year, with
free cash flow coming in modestly positive. (With the expensing of
several million dollars of capitalized software development costs,
Moody's expected leverage is approximately 7.8 times.) In the light
of the company's stable performance during the past few years as
the energy industry has struggled, P2's operating resilience and
credit metrics are strong for the Caa1 ratings category.

Since the industry downturn began, in mid-2014, P2 has demonstrated
its ability to keep costs in line with anticipated revenue
weakness. As such, it has sustained and even improved its
(Moody's-adjusted) EBITDA margins, to solidly into the 40%s
currently, from the mid- and upper-30%s in 2013 and 2014. The
advantages of a largely variable cost structure have enabled P2 to
generate positive annual free cash flows and maintain good cash
balances for many quarters. Until a small, late-2018 drawing that
has since been repaid, the company had not drawn on its revolver in
almost five years, and it expects no incremental drawings over the
next year.

With the improvement in oil prices during the last two years,
during which oil has traded within a generally strengthening band
of $50 to $60, smaller players have begun to reenter the market,
rig count has slowly improved, and increasing M&A activity has
given rise to start-ups. These market entrants will have basic
needs for Enterprise Resource Planning and land management
software, which bodes well for P2. Despite these successes, P2's
small scale and modest absolute profit levels have meant that
leverage has remained high. Important maintenance and support
contracts with largely "super-major" and leading national oil and
gas customers have provided a measure of revenue stability while,
recently, strong levels of new software license sales are
accounting for much of the revenue upside.

Moody's views the company's liquidity as adequate, with cash
balances healthy relative to P2's small scale, its expectation for
free-cash-flow-as-a-percentage-of-debt of 3 to 4%, and an undrawn
$23 million revolver. However, Moody's notes that the company's
first-lien revolver and first-lien term loan mature in February and
October of 2020, respectively. Refinancing risks pressure what is
otherwise an improving credit profile.

The positive outlook reflects Moody's expectations for annual
revenue growth of at least 5% over the next twelve to eighteen
months, continued stable and strong EBITDA margins, adequate but
improving liquidity, and free-cash-flow-to-debt levels of at least
low-single-digit percentages. Over that time, Moody's also expects
P2's adjusted-debt-to-EBITDA to ease to below 7.0 times. Finally,
its outlook reflects the expectation that the company will be able
to refinance its 2020 debt maturities within calendar 2019.

The ratings could be pressured by a reversal in relatively strong
capital spending by oil and gas exploration and production players,
leading to flat or declining revenues. A downgrade could also be
considered if favorable debt-to-EBITDA leverage trends were to
reverse themselves, or if Moody's expects free cash flow to be
negative for a prolonged period.

The ratings could be upgraded if P2 builds scale through good,
ongoing revenue gains, if leverage continues to improve towards 7.5
times, and if free-cash-flow-to-debt holds consistently in the
low-single-digit percentages or better. A successful refinancing of
the debt, by late 2019, would be a requirement for an upgrade as
well.

The following actions were taken:

Issuer: P2 Upstream Acquisition Co.

  Corporate Family Rating, Affirmed Caa1

  Probability of Default Rating, Affirmed Caa1-PD

  $310 million (original principal amount) senior secured,
  first-lien bank credit facilities, maturing 2020,
  Affirmed B2 (LGD2)

  $243 million senior secured, second-lien term loan,
  maturing early 2021, Affirmed Caa2 (LGD5)

Outlook is changed to positive, from stable.

Co-borrowers P2 Upstream Acquisition Co. and P2 Energy Solutions
Alberta ULC (dba P2 Energy Solutions Inc.; "P2") provide
specialized software to exploration and production companies in the
oil and gas industry. P2's principal offices are in Houston, TX,
Denver, CO, and Calgary, Alberta. Moody's expects that the company
will generate revenues of roughly $165 million for the 2019 fiscal
year (ending September 2019).


PLUTO ACQUISITION I: S&P Assigns 'B-' ICR; Outlook Positive
-----------------------------------------------------------
S&P Global Ratings assigned a 'B-' issuer credit rating on
U.S.-based Pluto Acquisition I Inc. (d/b/a AccentCare Inc.), a
provider of skilled home health, at-home personal care, and hospice
services. The outlook is positive.

S&P also assigned a 'B-' issue-level rating and 3' recovery to
AccentCare's first-lien facility, consisting of a $40 million
revolving credit facility and a $355 million first-lien term loan.
The '3' recovery rating indicates S&P's expectation for meaningful
recovery (50%-70%; rounded estimate: 55%) of principal in the event
of default.

The company's $75 million asset-backed loan (ABL) revolver and $130
million second-lien term loan are unrated.

"Our rating on AccentCare reflects the highly fragmented nature of
the home health services industry, material exposure to
reimbursement risk, moderate geographic concentration, uncertainty
about potential disruption from CMS's new reimbursement scheme for
home health, tight labor market conditions, profitability that is
below that of peers, and a history of generating limited free cash
flow," S&P said. This is partially offset by the company's good
scale, significant focus on quality, strong relationships with
referring hospitals including various joint ventures, good payor
diversification, a flexible cost structure with mostly variable
costs, and limited requirements for capital expenditures, according
to the rating agency.

"The positive rating outlook reflects our expectation that the
company will likely benefit from growing demand for home health
services and CMS's new reimbursement scheme, which should lead to
better margins and free cash flow generation," S&P said. "However,
we believe there is substantial risk to this forecast for
improvement, given reimbursement risk and the potential disruption
from the transition to the PDGM reimbursement scheme, which could
pressure the company's ability to generate meaningful free cash
flows."

S&P said it could revise the outlook to stable over the next 12
months if the company is unable to improve margins and generate
meaningful free cash flows, likely stemming from reimbursement
threats, an intensification of competition for patient referrals,
or a material rise in operational challenges or expenses in the
transition to the PDGM framework.

"We could consider a higher rating if AccentCare improves adjusted
EBITDA margins to about 9% and we have a strong degree of
confidence that the company can generate at least $20 million of
free cash flows on a sustained basis. This scenario is likely to
materialize if the company can successfully adjust to the new PDGM
requirements," S&P said.


PRINCE ORGANIZATION: Case Summary & 17 Unsecured Creditors
----------------------------------------------------------
Debtor: Prince Organization, Nacogdoches LLC
           dba Magnuson Inn & Suites
        3400 South Street
        Nacogdoches, TX 75964

Business Description: Prince Organization, Nacogdoches LLC is a
                      privately held company in the traveler
                      accommodation industry.

Chapter 11 Petition Date: June 3, 2019

Court: United States Bankruptcy Court
       Eastern District of Texas (Lufkin)

Case No.: 19-90145

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Sunil Tolani, managing partner.

A copy of the Debtor's list of 17 unsecured creditors is available
for free at:

     http://bankrupt.com/misc/txeb19-90145_creditors.pdf

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

          http://bankrupt.com/misc/txeb19-90145.pdf


PRINCETON ALTERNATIVE: U.S. Trustee Objects to Disclosure Statement
-------------------------------------------------------------------
The Acting United States Trustee objects to the Disclosure
Statement explaining the Chapter 11 Plan proposed by Princeton
Alternative Income Fund, LP, and Princeton Alternative Funding,
LLC.

The U.S. Trustee points out that when assessed against the
standards, the information in the Disclosure Statement is not
sufficiently complete because the Disclosure Statement fails to:

   a. provide a cash flow projection;

   b. identify the PAIF liquidating trustee;

   c. provide the liquidating trust agreement;

   d. discuss the number and approximate value of the Proofs of
Interest filed in PAIF's case and PAF's case.

The U.S. Trustee further points out that the Disclosure Statement
is also insufficiently clear because it fails to:

   a. clarify if the capitalized term "Feeder Fund" that is defined
on page 10 of the Disclosure Statement is applicable to uses of the
term "Feeder Fund" prior to page 10 of the Disclosure Statement;

   b. explain exactly how interests in the Feeder Fund can be
"Deemed Limited Partners;"

   c. explain the capitalized term "Limited Partner Interests;"

   d. explain how the Trustee is able to "cause the Feeder Fund" to
vote on behalf of the Limited Partner Interests it holds in PAIF
that relate to those investors who do not elect to become Deemed
Limited Partners to accept the Plan;

   e. explain how and why assets of the non-debtor Feeder Fund are
being used in the proposed plan in Section II.E of the Disclosure
Statement;

   f. clarify why the discussion of "Deemed Limited Partners" is in
the section of the Disclosure Statement titled "Description and
History of the Debtors' Businesses;"

   g. clarify the relationship between MicroBilt Financial Services
and MicroBilt Corporation;

The U.S. Trustee objects to the lack of legal foundation provided
in the Disclosure Statement for this pari passu treatment of
general unsecured claims and equity claims.

The U.S. Trustee objects to the incorporation or adoption of
exculpation clauses from other documents by the proposed plan
without those clauses being specifically reiterated in the
Disclosure Statement.

                 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.


PROTEA BIOSCIENCES: Joint Plan Discloses Sale of Assets to SRI
--------------------------------------------------------------
Protea Biosciences Inc., and Protea Biosciences Group, Inc. filed a
joint disclosure statement relating to their joint chapter 11 plan
of liquidation.

The Debtors filed the joint plan, which will be the vehicle for the
resolution of their chapter 11 case through the orderly liquidation
of the Debtors' remaining assets and the creation of a liquidating
trust in which the Debtors' remaining assets, including claims and
causes of action, will be transferred for the benefit of Holders of
all Allowed Claims.

The joint plan provides for the method of distribution of the
proceeds of the sale of the Debtors' business, personal property,
and other assets. The joint plan further contemplates that the
Debtors will wind up their affairs and will not hold any assets or
operations upon the Effective Date of the joint plan.

The joint plan discloses that during the course of the Debtors'
chapter 11 cases, the Debtors, among other things, obtained
Bankruptcy Court approval in January 2018 for the sale of
substantially all of their assets to Summit Resoursces, Inc. and
Bankruptcy Court approval in December 2018 for the sale of the
Debtors' interest in: that certain stock purchase and sale
agreement dated May 21, 2014 by and among AzurRx Biopharma, Inc.
and Protea Biosciences Group, Inc. and Protea Biosciences, Inc. and
Proteabio Europe SAS, and certain claims and causes of action
against Steven Antoline, Todd Gjervold, and Mark Fox.

A redlined copy of the Joint Disclosure Statement is available at
https://tinyurl.com/yysztwl8 from Pacermonitor.com at no charge.

                  About Protea Biosciences

Headquartered in Morgantown, West Virginia, Protea Biosciences Inc.
-- https://www.proteabio.com/ -- is a bioanalytics technology
company that provides analytical and diagnostic solutions for the
rapid and direct identification, mapping and display of the
molecules present in living cells and biological samples.

Protea Biosciences, Inc., and its affiliate Protea Biosciences
Group, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. W.Va. Case Nos. 17-01200 and 17-01201) on Dec. 1,
2017.

At the time of the filing, Protea Biosciences disclosed $5.16
million in assets and $13.64 million in liabilities.  Protea
Biosciences Group disclosed $2.7 million in assets and $18.2
million in liabilities.

Judge Patrick M. Flatley presides over the case.  

The Debtors hired Buchanan Ingersoll & Rooney PC as their legal
counsel; and Compass Advisory Partners, LLC, as their restructuring
advisor.


PURE FISHING: S&P Alters Outlook to Negative, Affirms 'B' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook on U.S. fishing equipment
manufacturer SP PF Buyer LLC (doing business as Pure Fishing Inc.)
to negative from stable and affirmed its 'B' issuer credit rating.

Some of Pure Fishing's major retailers reduced their inventory over
the past two quarters due to consolidation at Bass Pro Shops and
Cabela's, an increase in just-in-time inventory ordering patterns,
and weak sales execution due to the company's recent sale to
Sycamore Partners. There was also a disruption at the company's
distribution center due to hiring and management challenges that
led to shipment delays and, probably, some order losses. The
decline in Pure Fishing's EBITDA was harsh as it fell by between
30% and 40% during the fourth quarter of 2018 and the first quarter
of 2019, primarily because the company was unable to fully offset
the revenue decline by reducing its cost of goods sold and selling,
general, and administrative (SG&A) expenses.

"We understand that management intends to implement a number of
remedial plans over the coming months, including improving its
development efforts to get products to market faster, putting a new
distribution management team in place, improving its training and
hiring practices, and implementing a near-term cost savings
program," S&P said. "While these actions may deliver results over
time, we have reduced our revenue and EBITDA forecast through 2020
to incorporate the anticipated weakness in the company's results
over the next several quarters."

S&P believes Pure Fishing's lease-adjusted debt to EBITDA (S&P
adjusted) will be weak in the low-7x area in 2019 before improving
to the high-6x area in 2020. In addition, the rating agency expects
its EBITDA coverage of interest expense to weaken to the high-1x
area through 2020 but remain good relative to its 1.5x downgrade
threshold.

The negative outlook on Pure Fishing reflects S&P's expectation
that it may take the company the rest of the year to resolve the
negative revenue impact from its retailers' decision to reduce
their inventory, because of consolidation and an increase in
just-in-time ordering, and correct its distribution problems. The
rating agency now expects the company's adjusted debt to EBIDTA to
be weak in 2019 relative to S&P's 7x downgrade threshold.

S&P said it would lower its ratings on Pure Fishing if the company
sustains adjusted debt to EBITDA of more than 7x or its EBITDA
interest coverage falls to the 1.5x area. This would likely occur
because of further deterioration in its operating performance or if
it undertakes leveraging transactions to pursue acquisitions or
return capital to its shareholders, according to the rating agency.


"We would also consider lowering the rating if the company
unexpectedly experienced a significant use of cash for working
capital because of a deterioration in its working capital turns,"
S&P said, adding that it could also lower its rating if the U.S.
expands its tariffs on goods made in China such that it raises Pure
Fishing's input costs and the company is unable to pass on the
increased costs to its retailers or customers, causing the rating
agency to lower its EBITDA forecast.

"We could revise our outlook on Pure Fishing to stable if we become
confident it has stabilized its revenue and EBITDA generation such
that it reduces its leverage below 7x on a sustained basis," S&P
said. "Although a higher rating is unlikely at this time given the
company's financial-sponsor ownership, we would consider raising
our rating on Pure Fishing if we become confident that its
sponsor's financial policies will allow it to sustain S&P-adjusted
debt to EBITDA of less than 5x."


R-BOC REPRESENTATIVES: Plan and Disclosures Hearing Set for July 16
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Illinois is set to
hold a combined hearing to consider the adequacy of R-BOC
Representatives, Inc.'s disclosure statement and confirmation of
its plan on July 16, 2019 at 10:30 a.m.

Objections to the adequacy of the disclosure statement and
confirmation of the plan, and ballots accepting or rejecting the
plan must be filed on or before July 9, 2019.

               About R-BOC Representatives, Inc.

R-BOC Representatives, Inc. is an Illinois corporation with its
principal place of business in Saint Charles, Illinois.
Established in June 2003, R-BOC Representatives manufactures
plastic, reverse-threaded couplers, micro-couplers, and
Push-2-Connect couplers for the telecommunications market serving
the Ohio, Michigan, Indiana, Illinois, Wisconsin, Iowa, and
Minnesota areas.

R-BOC Representatives, Inc., based in Saint Charles, IL, filed a
Chapter 11 petition (Bankr. N.D. Ill. Case No. 17-28555) on
September 25, 2017. The Hon. Deborah L. Thorne presides over the
case. Richard G. Larsen, Esq., at Springer Brown, LLC, serves as
bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $10 million to $50 million in liabilities. The petition
was signed by Carolyn Lundeen, president.


RICHARD YOUNG: District Court Junks Helena Bid for Leave to Appeal
------------------------------------------------------------------
The U.S. District Court for the Northern District of Mississippi
denied Helena Agri-Enterprises, LLC's motion for leave to appeal.

Appellee Richard Young filed for chapter 11 bankruptcy in the U.S.
Bankruptcy Court for the Northern District of Mississippi. Helena
filed a motion to examine Young under Rule 2004 of the Federal
Rules of Bankruptcy Procedure. Shortly after that examination,
Helena filed a complaint seeking the bankruptcy court to declare
that Young’s debts to Helena were non-dischargeable.

Helena then moved for summary judgment, asking the bankruptcy court
to find that there were no genuine issues of material fact that
Young's debts to Helena were non-dischargeable. The bankruptcy
court concluded that Helena failed to establish its summary
judgment burden with respect to the first four elements of
non-dischargeability under section 523 (a)(2)(B). Because all four
elements were necessary, the court did not consider whether Helena
had met its burden as to other three elements. The bankruptcy court
denied summary judgment. Helena then timely filed a motion for
leave to file an appeal.

Interlocutory appeals are appropriate when the appeal "may
materially advance the ultimate termination of the litigation." To
determine whether the appeal would materially advance the
termination of the litigation, "a district court is to examine
whether an immediate appeal would (1) eliminate the need for trial,
(2) eliminate complex issues so as to simplify the trial, (3)
eliminate issues to make discovery easier and less costly."

The Court holds that Helena has not established that interlocutory
review of the bankruptcy court's order would materially advance the
ultimate termination of the trial. First, a successful
interlocutory appeal would only require the bankruptcy court to
consider the evidence obtained from the Rule 2004 examination. It
would not, however, preclude the bankruptcy court from determining,
even with the evidence, that genuine issues of material fact still
existed with respect to the first element of non-dischargeability.
Moreover, the bankruptcy court did not determine whether there are
genuine issues of material fact as to the other three elements. A
successful appeal may still lead to the denial of summary judgment,
and to permit appeal would be to engage in piecemeal litigation
heavily disfavored by courts.

A copy of the Court's Memorandum Opinion dated April 24, 2019 is
available at https://tinyurl.com/y2383l7t from Pacermonitor.com at
no charge.

Richard Young filed for chapter 11 bankruptcy protection (Bankr.
N.D. Miss. Case No. 17-14065) on Oct. 25, 2017, and is represented
by Craig M. Geno, Esq. of the Law Offices of Craig M. Geno, PLLC.


RICHARDSON ACQUISITIONS: Case Summary & 20 Top Unsecured Creditors
------------------------------------------------------------------
Debtor: Richardson Acquisitions Group, Inc.
           dba V-Line Precision Products
        961 Decker
        Walled Lake, MI 48390

Business Description: Richardson Acquisitions Group, Inc.
                      owns and operates a machine shop in
                      Walled Lake, Michigan.

Chapter 11 Petition Date: June 4, 2019

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Case No.: 19-48340

Judge: Hon. Maria L. Oxholm

Debtor's Counsel: Mark H. Shapiro, Esq.
                  STEINBERG SHAPIRO & CLARK
                  25925 Telegraph Rd., Suite 203
                  Southfield, MI 48033-2518
                  Tel: (248) 352-4700
                  Fax: (248) 352-4488
                  E-mail: shapiro@steinbergshapiro.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Mason Richardson, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

     http://bankrupt.com/misc/mieb19-48340_creditors.pdf

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

         http://bankrupt.com/misc/mieb19-48340.pdf


RUFF MANAGEMENT: Case Summary & 10 Unsecured Creditors
------------------------------------------------------
Debtor: Ruff Management Trust
        1255 W 15th Street, Suite 135
        Plano, TX 75075

Business Description: Ruff Management Trust is a business trust
                      based in Plano, Texas.

Chapter 11 Petition Date: June 3, 2019

Court: United States Bankruptcy Court
       Eastern District of Texas (Sherman)

Case No.: 19-41485

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS                     
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  E-mail: eric@ealpc.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tracy Bakshi, co-trustee.

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

            http://bankrupt.com/misc/txeb19-41485.pdf


RWP HOMES: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: RWP Homes, LLC
        5625 Cypress Creek Parkway, Ste 305
        Houston, TX 77069-4210

Business Description: RWP Homes, LLC classified its business
                      as Single Asset Real Estate (as defined in
                      11 U.S.C. Section 101(51B)).

Chapter 11 Petition Date: June 4, 2019

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

Case No.: 19-33178

Judge: Hon. Jeffrey P. Norman

Debtor's Counsel: Reese W. Baker, Esq.
                  BAKER & ASSOCIATES LLP
                  950 Echo Lane, Suite 300
                  Houston, TX 77024
                  Tel: 713-869-9200
                  Fax: 713-869-9100
                  E-mail: courtdocs@bakerassociates.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kirk Paschal, president.

The Debtor did not file a list of its 20 largest unsecured
creditors together with the petition.

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

         http://bankrupt.com/misc/txsb19-33178.pdf


SEARS HOLDINGS: Wollmuth, Mulder Represent 2 Retirees
-----------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firms of Wollmuth, Maher, & Deutsch LLP and Michael M.
Mulder provided notice that they are representing these creditors
in the Chapter 11 cases of Sears Holdings Corp., et al.:

     (1) Richard Bruce
         145 S. York St.
         Unit 228
         Elmhurst, IL 60126
         Creditor and Sears retiree
  
     (2) Ronald Olbrysh
         624 E. Central Ave
         Lombard, IL 60148
         Creditor and Sears retiree

On or about May 15, 2019, Michael M. Mulder was retained to
represent the Retirees of Sears Holding Corporate.  

On or about May 15, 2019, Messrs. Bruce and Olbrysh retained
Wollmuth as local co-counsel.

As of May 28, 2019, the Firms only represent Messrs. Bruce and
Olbrysh in the Chapter 11 Case.

The Firms can be reached at:

         WOLLMUTH MAHER & DEUTSCH LLP
         James N. Lawlor
         Cassandra Postighone
         500 Fifth Avenue
         New York, New York
         10110(212) 382-3300

                -and –

         THE LAW OFFICES OF MICHAEL M.MULDER
         Michael M. Mulder
         Elena N. Liveris
         1603 Orrington Avenue, Suite 600
         Evanston, Illinois 60201
         Telephone:  312-263-0272

                    About Sears Holdings

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- began as a mail ordering catalog
company in 1887 and became the world's largest retailer in the
1960s.  At its peak, Sears was present in almost every big mall
across the U.S., and sold everything from toys and auto parts to
mail-order homes.  Sears claims to be is a market leader in the
appliance, tool, lawn and garden, fitness equipment, and automotive
repair and maintenance retail sectors.

Sears and Kmart merged to form Sears Holdings in 2005 when they had
3,500 US stores between them.  Kmart emerged in 2005 from its own
bankruptcy.

Unable to keep up with online stores and other brick-and-mortar
retailers, a long series of store closings has left it with 687
retail stores in 49 states, Guam, Puerto Rico, and the U.S. Virgin
Islands as of mid-October 2018.  The Company employs 68,000
individuals, of whom 32,000 are full-time employees.

As of Aug. 4, 2018, Sears Holdings had $6.93 billion in total
assets, $11.33 billion in total liabilities and a total deficit of
$4.40 billion.

Unable to cover a $134 million debt payment due Oct. 15, 2018,
Sears Holdings Corporation and 49 subsidiaries sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 18-23538) on Oct. 15,
2018.

The Hon. Robert D. Drain is the case judge.

The Debtors tapped Weil, Gotshal & Manges LLP as legal counsel;
M-III Partners as restructuring advisor; Lazard Freres & Co. LLC as
investment banker; DLA Piper LLP as real estate advisor; and Prime
Clerk as claims and noticing agent.

The U.S. Trustee for Region 2 appointed nine creditors, including
the Pension Benefit Guaranty Corp., and landlord Simon Property
Group, L.P., to serve on the official committee of unsecured
creditors.  The committee tapped Akin Gump Strauss Hauer & Feld LLP
as legal counsel; FTI Consulting as financial advisor; and Houlihan
Lokey Capital, Inc., as investment banker.


SEARS HOMETOWN: Cleary Represents ESL in Acquisition
----------------------------------------------------
Cleary Gottlieb is representing Transform Holdco LLC (Transform
Holdco), the parent company of Sears and Kmart, as well as ESL
Investments Inc. and its investment affiliates, including Eddie
Lampert (collectively, ESL), in connection with Transform Holdco's
pending acquisition of Sears Hometown and Outlet Stores Inc.
(SHOS).

ESL currently owns more than 58% of the outstanding shares of
SHOS's common stock and adopted the merger agreement by written
consent on behalf of SHOS's stockholders.

The transaction is structured as a one-step merger that provides
SHOS with an opportunity to market and sell the Sears Outlet and
Buddy's Home Furnishing Stores segment of its business (together,
the outlet segment) to a third party between signing and closing.
Provided that a sale of the outlet segment occurs, at the closing
of Transform Holdco's acquisition of SHOS the net proceeds of such
sale above a certain threshold will be distributed to non-ESL
stockholders pro rata as an upward adjustment to the $2.25 per
share base merger consideration.

The transaction was announced on June 3, 2019, and is expected to
close in SHOS's fiscal third quarter of 2019 subject to the
satisfaction of customary closing conditions.

                    About Sears Hometown

Sears Hometown and Outlet Stores, Inc. is a national retailer
primarily focused on selling home appliances, lawn and garden
equipment, and tools.  As of Nov. 3, 2018, the Company or its
dealers and franchisees operated a total of 761 stores across 49
states, Puerto Rico, and Bermuda.  The Company's common stock
trades on the NASDAQ Stock Market under the trading symbol "SHOS."
The Company separated from Sears Holdings Corporation in October
2012.  Sears Holdings does not own any shares of the Company's
common stock.  The Company has specified rights to use the "Sears"
name under a license agreement from Sears Holdings.


SHERIDAN FUND I: S&P Downgrades ICR to 'SD' on Revolver Extension
-----------------------------------------------------------------
S&P Global Ratings said it lowered its long-term issuer credit
ratings on Sheridan Production Partners I-A L.P., Sheridan
Investment Partners I LLC, and Sheridan Production Partners I-M
L.P. (collectively referred to as "Sheridan Fund I") to 'SD'
(selective default) from 'CCC-'.

At the same time, S&P lowered its issue ratings on the revolving
credit facilities to 'D' from 'CCC+', and it lowered its issue
ratings on the first-lien senior secured term loan to 'CC' from
'CCC+'.

The rating action follows the extension of the fund's $168 million
maturing revolving credit facilities (RBL) to June 14, 2019, and
the fund's proposal to extend the RBL and term loan maturities to
match the expected 2022 end of the fund.

"We view the extension of the RBL maturities as tantamount to a
default given that the lenders were not provided with adequate
offsetting compensation. Furthermore, we view the fund's proposed
transaction as distressed given that we do not view the proposed
terms as providing adequate compensation in return for extending
the maturities to November 2021," S&P said.

"Therefore, we would lower the ratings on the $450 term loan to 'D'
if the transaction is consummated as proposed, and we believe it is
likely that the fund's negotiations with its lenders will result in
either this transaction (or a similar distressed exchange) or a
Chapter 11 bankruptcy filing," S&P said.


SHERIDAN FUND II: S&P Cuts ICR to 'SD' on Debt Service Deferrals
----------------------------------------------------------------
On May 31, 2019, S&P Global Ratings lowered its long-term issuer
credit ratings on Sheridan Production Partners II-A L.P., Sheridan
Investment Partners II LLC, and Sheridan Production Partners II-M
L.P. (collectively referred to as "Sheridan Fund II") to 'SD'
(selective default) from 'CCC-'.

At the same time, S&P lowered its issue ratings on the revolving
credit facility and the senior secured term loan to 'D' from
'CCC+', and the issue rating on the subordinated term loan to 'CC'
from 'CCC'.

The downgrade reflects that Sheridan Fund II entered into
agreements with its creditors to defer debt service payments on its
revolving credit facility (RBL) and secured term loan to July 31.
The term and RBL lenders will not receive $9 million in interest
payments on the original May 31 due date, and $1.4 million in
amortization payments on the term loan due at the end of June will
not be made at that time. S&P views such missed payments, with no
additional consideration for the deferral, as a default.

The deferrals provide Sheridan Fund II with liquidity to market and
attempt asset sales. S&P views them as standstill agreements for
which no appropriate compensation was provided to the lenders in
exchange for deferring the loan interest and amortization
payments.

"We do not believe these deferrals constitute a default on the
subordinated term loan because the debt allows for pay-in-kind
interest. However, the subordinated term loan has entered into a
180-day stand-down period after the fund did not cure its going
concern deficiency by April 30," S&P said. Upon the culmination of
this stand-down period, the holders of the subordinated term loan
can accelerate repayment of the outstanding debt, according to the
rating agency.

"Therefore, if the fund cannot generate enough liquidity through
asset sales by the end of October to repay the holders of the RBL
and secured term loans, or if the debt obligations are not
renegotiated, the debt may be accelerated across the RBL, secured
term loan and subordinated term loan and require restructuring,"
S&P said.


SOAPTREE HOLDINGS: Seeks to Extend Exclusivity Period to Aug. 20
----------------------------------------------------------------
Soaptree Holdings LLC asked the U.S. Bankruptcy Court for the
District of Nevada to extend the period during which it has the
exclusive right to file a Chapter 11 plan through Aug. 20, and to
solicit acceptances for the plan through Oct. 20.

The extension, if granted by the court, would give the company more
time to resolve its dispute with creditors over the value of
properties in Las Vegas, which it bought at foreclosure sales.  A
court hearing to consider approval of the motions filed by the
company to conduct a valuation of the properties is scheduled for
June 12.

Ryan Andersen, Esq., at Andersen Law Firm, Ltd., in Las Vegas, said
that a valuation of the properties would give the company a "true
financial picture" of its assets and would help the company
structure its bankruptcy plan.

"The valuation of these properties will be instrumental in
determining how creditors will be classified and the appropriate
treatment each creditor should receive," Mr. Andersen said in court
filings.

A court hearing to consider the company's request to extend the
exclusivity period is scheduled for June 26.

                      About Soaptree Holdings

Soaptree Holdings LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-16378) on Oct. 24,
2018. Judge August B. Landis presides over the case.  The Debtor
tapped Andersen Law Firm, Ltd., as its legal counsel; and RPD
Analytics, LLC as its appraiser and valuation expert. In the
petition signed by its manager, Shawn Samol, the Debtor disclosed
less than $1 million in assets and less than $50,000 in
liabilities.


SOUTHWEST SAFETY: June 25 Hearing on Plan and Disclosures Set
-------------------------------------------------------------
Bankruptcy Judge John W. Kolwe issued an order conditionally
approving Southwest Safety Training, Inc.'s disclosure statement
with respect to its chapter 11 plan dated May 14, 2019.

June 18, 2019 is fixed as the last day for filing written
acceptances or rejections of the plan, and the last day for filing
and serving written objections to the disclosure statement and
confirmation of the plan.

June 25, 2019 at 10:00 am is fixed for the hearing on final
approval of the disclosure and for the hearing on confirmation of
the plan.

As previously reported by the Troubled Company Reporter, allowed
unsecured claims in Class 4 will share on a pro rata basis
distributions totaling $2,500 which will be paid on a quarterly
basis beginning the end of the first quarter after confirmation.
Quarterly payments will be $125 per quarter beginning at the last
month of the quarter following confirmation. This distribution to
unsecured creditors will result in a 5% dividend.

A copy of the Disclosure Statement is available at
https://tinyurl.com/yytwch3b from Pacermonitor.com at no charge.

               About Southwest Safety Training

Southwest Safety Training, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. La. Case No. 18-51439) on Nov.
6, 2018.  At the time of the filing, the Debtor disclosed that it
had estimated assets of less than $100,000 and liabilities of less
than $500,000.  Judge John W. Kolwe presides over the case.


SUNCREST STONE: Plan Funds to Get Capital Injections from Edgewood
------------------------------------------------------------------
Suncrest Stone Products, LLC, and 341 Stone Properties, LLC, filed
a Chapter 11 plan and accompanying disclosure statement.

Treatment of Claims in Class 10 (Allowed Claims of General
Unsecured Creditors (other than Allowed Claims in Class 9)). The
Allowed Unsecured Claims in Class 10, anticipated to total
approximately $928,679.09, will be paid as follows: Holders of
Allowed Claims in Class 10, may elect one of the following options:


   Option 1: Holders of Allowed Unsecured Claims in Class 10 may
elect to reduce their claim to $1,500.00 and participate as an
Allowed Claim in Class 9. Such election shall be indicated on any
Ballot filed with respect to this Plan, or may be communicated in
writing and transmitted by United States first-class mail, return
receipt requested, to the Debtors at the addresses designated
hereinafter, so that such election is received by the Debtors prior
to the Voting Deadline, and such election shall be deemed an
acceptance of this Plan. The balance due the holder of any Class 10
Claim electing this option shall be deemed waived and forgiven upon
payment of Class 9 Claims. The Class 9 payment shall be in full
satisfaction of the Class 10 creditor's Allowed Claim.

   Option 2: Holders of Allowed Claims in Class 10, who do not
elect Option 1, shall be paid, pro-rata with Class 7, the General
Unsecured Payment on December 31, 2019 in full satisfaction of such
their Allowed Claim.

The funds required for implementation of this Plan and the
distributions hereunder shall be provided from revenue from the
regular operation of the Reorganized Debtors' businesses and
injections of capital from Edgewood.

A full-text copy of the Disclosure Statement dated May 20, 2019, is
available at https://tinyurl.com/y6kcdkoa from PacerMonitor.com at
no charge.

                About Suncrest Stone Products

Suncrest Stone Products, LLC -- https://www.suncreststone.com/ --
is a stone supplier in Ashburn, Georgia.  Its products include
Ashlar, Country Ledge, Ledge, River Rock, Olde-Castle, Splitface,
Stock, and Rubble.

Suncrest Stone Products and 341 Stone Properties, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga.
Lead Case No. 18-10850) on July 13, 2018.  In the petition signed
by Max Suter, authorized officer, Suncrest estimated assets of less
than $1 million and liabilities of $1 million to $10 million.  341
Stone estimated $1 million to $10 million in assets and
liabilities.  Judge Austin E. Carter presides over the cases.

Stone & Baxter, LLP, is the Debtors' counsel.  McMurry Smith &
Company is the accountant. Crumley and Associates Inc. d/b/a South
Georgia Appraisal Company is appraiser to the Debtor.


SUNTEC ALUMINUM: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Suntec Aluminum LLC, according to court dockets.
    
                     About Suntec Aluminum LLC

Suntec Aluminum LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-01888) on March 6,
2019.  At the time of the filing, the Debtor had estimated assets
of less than $500,000 and liabilities of less than $1 million.  The
case has been assigned to Judge Caryl E. Delano.  The Debtor is
represented by the Law Office of Leon A. Williamson, Jr. P.A.


TAJ GRAPHICS: Bid to Compel C&A, A. Jade to Produce Documents Nixed
-------------------------------------------------------------------
Debtor TAJ Graphics Enterprises, LLC filed a motion entitled
"Motion to Compel Production of Documents, for Finding of Contempt
and Imposition of Sanctions Against Cohen & Associations, P.C. and
Aaron Jade." Bankruptcy Judge Thomas J. Tucker denies the motion in
all respects upon which the Court previously reserved a ruling in
the Court's Order filed June 12, 2013.

The Court entered an Order on June 12, 2013, which denied the
Motion in all respects but two. In those two respects, the Order
reserved ruling on the Motion until after the conclusion of the
evidentiary hearing regarding the Debtor’s objection to the claim
of Prime Financial, Inc.

The evidentiary hearing concluded some time ago, and on April 19,
2019, the Court filed its Opinion and Order regarding the Debtor's
claim objection. The Court now rules on the reserved portions of
the Motion.

First, with respect to the "e-mails of the type alleged and
referred to in Par. 7 of the Motion," the reference is to the
e-mails alleged and described in the Debtor's Motion as
“incriminating emails that were sent to Mr. Kattula and/or his
assistant in connection with the financial relationship between Mr.
Kattula and his companies, and Prime." With respect to such
e-mails, the Court finds that there was no credible evidence
presented during the evidentiary hearing that any such e-mails
exist, that were not produced in response to subpoenas served by
the Debtor on Prime Financial, Inc., Aaron Jade, Cohen &
Associates, PC, or any other person or entity.

Second, with respect to the Motion's request for a contempt finding
and for sanctions with respect to the issue of the e-mails referred
to in paragraph 1(C) of the June 12, 2013 Order, the Court finds
that there is no basis for making any contempt finding or ordering
any sanctions.  

For these reasons, the Court denies those portions of the Debtor's
Motion on which the Court previously reserved decision.

A copy of the Court's Order dated April 24, 2019 is available at
https://tinyurl.com/y5tpj6rq from Pacermonitor.com at no charge.

                      About Taj Graphics

Based in Rochester, Michigan, TAJ Graphics Enterprises, LLC, filed
for Chapter 11 bankruptcy protection (Bankr. E.D. Mich. Case No.
09-72532) on Oct. 21, 2009.  John D. Hertzberg, Esq., in Bingham
Farms, Michigan, serves as the Debtor's counsel. In its petition,
the Debtor estimated $10 million to $50 million, and $1 million to
$10 million in debts.


TAPSTONE ENERGY: Moody's Cuts CFR to Caa1 & Alters Outlook to Neg.
------------------------------------------------------------------
Moody's Investors Service downgraded Tapstone Energy, LLC's
Corporate Family Rating to Caa1 from B3 and its Probability of
Default Rating to Caa1-PD from B3-PD. Concurrently, Moody's
affirmed the rating for Tapstone's senior unsecured notes at Caa2.
The outlook was changed to negative from stable.

The downgrade of Tapstone's ratings reflect weak liquidity and
reduced financial flexibility which could constrain the pace of
development, limiting production growth. Also, Tapstone's high cost
of debt and bonds meaningfully below par constrain the company's
ability to refinance which raises risk of a distressed debt
exchange that could lead to principal losses for bondholders and be
deemed a default by Moody's. The negative outlook reflects
heightened risk of further erosion of liquidity and execution risks
to growth as the company repositions its asset base.

Downgrades:

Issuer: Tapstone Energy, LLC

  Probability of Default Rating, Downgraded to Caa1-PD
  from B3-PD

  Corporate Family Rating, Downgraded to Caa1 from B3

Affirmations:

Issuer: Tapstone Energy, LLC

  Senior Unsecured Regular Bond/Debenture, Affirmed Caa2
  (LGD5)

Outlook Actions:

Issuer: Tapstone Energy, LLC

  Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Tapstone's Caa1 CFR reflects small scale, basin concentration,
constraints on financial flexibility, and refinancing risks. The
company needs to spend considerable capital to grow production by
developing its asset base, and weak liquidity pose challenges.
Moody's expects the company will continue to spend capital spend in
excess of operating cash flow during 2019. Production growth is
driven by development activities in the northwest part of the Stack
play in the Anadarko Basin where its relatively limited operating
history within the acreage increases execution risks. The company
has flexibility to adjust its drilling program but at the expense
of production growth, particularly as production continues to
decline at legacy properties, providing less cash flow to fund
development of its NW Stack assets. Tapstone's oil has relatively
low basis differentials and liquids production benefit cash
margins. However, Tapstone's natural gas has sizable basis
differentials. The company's hedging activities partially protect
cash flow from commodity price volatility.

Tapstone has weak liquidity, particularly due to increasing risks
around the company's ability to refinance. As of March 31, 2019,
the company had $277 million drawn on its RBL revolver. During
spring redetermination, the borrowing base was decreased to $360
million from $400 million. The revolver expires in May 2023 but
with a springing maturity to December 2021 if more than $30 million
of senior notes are then outstanding. The ability to sell legacy
assets provides an alternate source of liquidity, but could also
result in a reduced borrowing base and a portion of proceeds could
be applied toward acquisitions.

The Caa2 rating of the $295 million of 9.75% senior unsecured notes
due 2022, one notch below the CFR, reflects effective subordination
to the $360 million secured RBL revolver.

Factors that could lead to a downgrade include EBITDA/interest
below 1.5x or further weakening of liquidity.

Factors that could lead to an upgrade include sustainable growth of
both production and reserves while maintaining adequate liquidity.

The principal methodology used in these ratings was Independent
Exploration and Production Industry published in May 2017.

Tapstone, headquartered in Oklahoma City, Oklahoma, is a privately
held independent exploration and production company focused in the
Anadarko Basin in Oklahoma, Texas, and Kansas. It is majority-owned
by affiliates of GSO Capital Partners LP. Average daily production
in 2018 was roughly 30 Mboe/d.


TELL MY PEOPLE: Plan Confirmation Hearing Set for June 18
---------------------------------------------------------
Bankruptcy Judge Brenda T. Rhoades approved Tell My People, Inc.'s
first amended disclosure statement with regard to its second
amended plan of reorganization dated May 21, 2019.

June 12, 2019 is fixed as the last day for submitting ballots
accepting or rejecting the Second Amended Plan, and the last day
for filing and serving written objections to the confirmation of
the Plan.

June 18, 2019, at 1:30 p.m. CST is fixed for the hearing on
confirmation of the Plan.

The latest plan removes the provision regarding the Class 2 Secured
Claimants' hypothetical rejection of the plan.

A redlined copy of the First Amended Disclosure Statement dated May
21, 2019 is available at https://tinyurl.com/y63dtz5v from
Pacermonitor.com at no charge.

A copy of the Second Amended Plan is available at
https://tinyurl.com/yxw8qest from Pacermonitor.com at no charge.

                   About Tell My People Inc.

Tell My People, Inc. -- http://english.tmpinc.org/-- was
established in 1976 as a non-profit, non-denominational
international religious organization.  Founded by Dale and Helen
Lynch, it provides a missionary training center for training
missionaries from Latin America.

Tell My People sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Texas Case No. 18-41981) on Sept. 3, 2018.  In
the petition signed by Helen Lynch, president, the Debtor disclosed
$1,592,078 in assets and $983,000 in liabilities. Judge Brenda T.
Rhoades presides over the case.  The Debtor tapped FisherBroyles,
LLP as its legal counsel.  Caldwell Banker Residential Brokerage is
the broker.


TIAN RECLAMATION: June 27 Hearing on Disclosure Statement
---------------------------------------------------------
Bankruptcy Judge Patrick M. Flatley is set to hold a hearing on
June 27, 2019 at 1:00 p.m. to consider approval of Tian Reclamation
& Contracting, Inc.'s disclosure statement.

Written objections to the disclosure statement must be filed on or
before June 12, 2019.

The Troubled Company Reporter previously reported that General
unsecured creditors are classified in Class 5 under the plan, and
will receive a distribution of 5% of their allowed claims.

A copy of the Disclosure Statement dated April 15, 2019 is
available at https://tinyurl.com/y2heoemk from Pacermonitor.com at
no charge.

          About Tian Reclamation & Contracting

Based on Gauley Bridge, West Virginia, Tian Reclamation &
Contracting, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. S.D.W.V. Case No. 15-20602) on Nov. 23, 2015.  In the
petition signed by Timothy Hannigan, president, the Debtor listed
its total assets at $2.97 million and total liabilities at $3.23
million.  Pierson Legal Services is the Debtor's bankruptcy
counsel.


TIBCO SOFTWARE: Moody's Affirms B3 CFR & Caa2 Unsec. Debt Rating
----------------------------------------------------------------
Moody's Investors Service affirmed TIBCO Software Inc.'s B3
Corporate Family Rating, B3-PD Probability of Default Rating and
the Caa2 ratings for the company's senior unsecured notes. Moody's
assigned B1 ratings to the company's amended and extended senior
secured credit facilities comprising a $125 million revolving
credit facility and approximately $1.8 billion of senior secured
term loans. The outlook is stable. The rating actions were in
connection with TIBCO's plans to extend the maturities for its
existing senior secured credit facilities. Moody's will withdraw
the ratings for TIBCO's existing credit facilities upon the close
of the refinancing.

RATINGS RATIONALE

The proposed refinancing is debt-neutral and the extension of debt
maturities will enhance TIBCO's liquidity. Based on Moody's
estimates, TIBCO's total debt to EBITDA (incorporating Moody's
standard analytical adjustments) was about 8x at F1Q 2019, and has
remained near that level over the last two years. The B3 CFR
reflects TIBCO's very high financial leverage, highly competitive
infrastructure and analytics software markets, and challenges in
pivoting the business from the mature, legacy on-premise
infrastructure software toward integrated solutions for the hybrid
and cloud environments. TIBCO's credit profile benefits from its
good operating scale, strong EBITDA margins, a large installed base
of customers and growing recurring revenues comprising revenues
under subscription and software maintenance agreements. TIBCO has
good liquidity comprising over $250 million of cash, free cash flow
and access to the new $125 million revolving credit facility.

TIBCO generated about 22% of its revenues from enterprise software
license sales, which are volatile and are generally expected to
decline given the mature markets and the company's focus on
transitioning software license sales toward subscription sales.
Moody's expects TIBCO's revenues to grow in the range of 3% to 5%
over the next 12 to 18 months, excluding acquisitions. Adjusted
EBITDA growth is expected to be above revenue growth rates though
actual growth rates will depend upon the company's levels of
investments to drive growth. Absent any debt-funded acquisitions or
distribution to shareholders, Moody's expects TIBCO's total debt to
EBITDA to decline to about mid 6x and free cash flow of
approximately 5% of adjusted debt in FY '20. The B3 CFR
additionally reflects Moody's view that TIBCO's financial policies
will be shareholder-friendly and risk of debt-funded distributions
to shareholders or acquisitions is high.

The stable outlook is based on Moody's expectation that total debt
to EBITDA will decline toward 7x and free cash flow will increase
to the mid-single digit percentages of adjusted total debt over the
next 12 to 18 months.

If the amendment is successful, the revolving credit facility and
term loans will be extended to 2024 and 2026, respectively.
However, credit facilities will have an earlier maturity in
December 2021, if outstanding principal amount of senior unsecured
notes exceeds 0.5x EBITDA (as defined in the credit agreement) at
that time.

TIBCO's ratings could be upgraded if the company generates
sustained revenue growth of about mid-single digits and Moody's
expects free cash flow to exceed 5% of total debt and total debt to
EBITDA to remain below 7x on a sustained basis. The ratings could
be downgraded if liquidity becomes weak, or declining revenues and
EBITDA, or increase in debt cause free cash flow to decline.

Affirmations:

Issuer: TIBCO Software Inc.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Unsecured Regular Bond/Debenture, Affirmed Caa2 (LGD5)

Assignments:

Issuer: TIBCO Software Inc.

Senior Secured Term Loan B, Assigned B1 (LGD3)

Senior Secured Revolving Credit Facility, Assigned B1 (LGD3)

Outlook Actions:

Issuer: TIBCO Software Inc.

Outlook, Remains Stable

The principal methodology used in these ratings was Software
Industry published in August 2018.

TIBCO Software Inc. is a leading provider of application
infrastructure, cloud and on-premise integration and analytics
software. The company is owned by affiliates of Vista Equity
Partners since December 2014.


U.S. RENAL CARE: S&P Affirms 'B' ICR on Recap; Outlook Stable
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on U.S.
Renal Care (USRC), which is currently recapitalizing as part of its
acquisition by an investor group led by Bain Capital Private
Equity.  

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to the company's proposed $1.77 billion senior
secured credit facility.  The estimated recovery percentage for the
secured debt is near the bottom of the threshold for a '3' recovery
rating, and the upsizing of this facility could lead to a
reevaluation of the recovery rating, according to S&P.

"Our ratings on USRC reflect its high leverage, which we expect
will remain above 6x over the next couple of years under its new
financial-sponsor ownership. Our ratings also reflect the company's
small scale and narrow focus in the competitive dialysis treatment
industry," S&P said.

The ratings are supported by S&P's view that the company will
generate at least $70 million of discretionary cash flow (after
distributions to minority interests) in 2020 despite its high
leverage. While the dialysis treatment industry has always been
subject to reimbursement risk, S&P believes reimbursement pressure
has increased over the last three years for USRC, along with the
rest of the industry. The industry faces risk related to the
Charitable Premium Assistance (CPA) program as well as several
other union-led initiatives. However, S&P has not factored in any
adverse regulatory changes for CPA, or a reemergence of the
union-led or other state initiatives that the industry has recently
faced, into the rating agency's base-case forecast.

S&P's stable outlook on USRC reflects its expectation that the
company will increase its top line by the low-single-digit percent
area and generate discretionary cash flow (after distributions to
minority interests) of at least $70 million in 2020. The rating
agency also assumes that the company's reimbursement will remain
stable, its revenue per treatment will be nearly flat, and its
EBITDA margin will remain above 26% over the next two years.

"We could consider lowering our rating on USRC if its reported
discretionary cash flow-to-debt ratio dips below 2% without
immediate prospects for recovery, likely due to a contraction in
its margin of over 400 basis points. An unfavorable shift in the
company's payor mix, a reduction in its commercial payor
reimbursements or significant regulatory changes could lead to such
a scenario," S&P said.

"We could consider raising our ratings on USRC if we gain
confidence that the company will maintain financial leverage of
less than 5x on a sustained basis. However, given its
financial-sponsor ownership, we do not foresee a higher rating over
the near term," S&P said.


U.S. STEEL: S&P Alters Outlook to Stable, Affirms 'B' ICR
---------------------------------------------------------
S&P Global Ratings revised its outlook on U.S. Steel Corp to stable
from positive and affirmed its 'B' ratings on the company and its
senior unsecured debt.

The outlook revision on U.S. Steel Corp. reflects that cyclical
deleveraging appears to have run its course with the company's
announcement of a new $1.2 billion project and $300 million share
buyback over the next few years.

S&P believes U.S. Steel has good liquidity to fund these
initiatives, but credit ratios and cash flow will depend heavily on
steel prices remaining around currently supportive levels. The
rating agency revised its liquidity score to adequate from
exceptional, reflecting the expected use of cash as the company
makes major capital investments. S&P revised its recovery rating on
the company's unsecured debt to '3' from '4', mostly because of the
elimination of a tranche of secured borrowings in 2018.

"The stable outlook reflects our view that U.S. Steel will generate
adjusted debt leverage of 2.5x-3.0x in 2019 assuming hot-rolled
coil steel prices of $675-$700 per ton," S&P said, adding that the
company's credit ratios will swing significantly with steel prices
over the next few years as the company reinvests all of the rating
agency's forecast operating cash flow and returns cash to
shareholders.

S&P said it could lower the rating if adjusted debt to EBITDA rises
above 5x in 2019 or 2020, which the rating agency estimates could
be associated with negative discretionary cash flow of over $500
million.

"We believe such a scenario could occur if hot-rolled coil steel
prices average less than $650 for a year. Less likely at this stage
in the Mon Valley project, we could also lower the rating because
of unforeseen execution problems or cost overruns," the rating
agency said.

"We do not expect to raise the rating until the company completes
the Mon Valley casting and rolling project," S&P said, adding that
it could raise the rating in the next year or two if the company
generates positive free and discretionary cash flow during the
project, which would add some credit buffer as construction
milestones are achieved. This scenario would likely occur because
of stronger market conditions, with hot-rolled coiled prices above
$725 and completion of the Fairfield EAF that boost operating cash
flow above large capital expenditures, according to the rating
agency.


WALL STREET SYSTEMS: S&P Removes 'B' ICR From Creditwatch Negative
------------------------------------------------------------------
S&P Global Ratings removed its 'B' issuer credit rating on Wall
Street Systems Holdings Inc. from CreditWatch, where it was placed
with negative implications on May 2, 2019. Its 'B' issue-level
rating and '3' recovery rating on the first-lien debt remain
unchanged.

The rating actions came after the company's planned merger with
OpenLink International Holdings and Triple Point Holdings Inc. to
form ION Corporate Solutions Finance Ltd. did not proceed.

"We resolved the CreditWatch placement and the outlook is now
negative as the consolidation of three ION portfolio companies did
not proceed. As a result, WSS will raise an additional $450 million
of first-lien debt to fund its acquisition of Allegro. We expect
initial leverage to increase to the mid-8x area and remain high
over the next 12 months," S&P said.

"Our base-case scenario now estimates leverage gradually declining
to the low-7x level at the end of 2020, absent any additional
acquisitions. In our view, Allegro, which offers energy and
commodity trading risk software, should provide some diversity to
WSS' software suite and unlocks some cross-selling opportunities
longer term," the rating agency said.

The negative outlook reflects S&P's view that leverage will remain
high over the next 12 months, incorporating recent debt raised to
fund the acquisition of Allegro. Nonetheless, S&P expects stable
operating performance to continue as a result of a solid recurring
revenue base and high retention rates, which, the rating agency
said, could support deleveraging longer term.

"We could lower the rating if sales fall as a result of poor
macroeconomic conditions, execution missteps leading to material
EBITDA margin compression, or if the company pursues debt-financed
acquisitions or shareholder returns such that adjusted leverage
remains above the mid-7x area or if free cash flow approaches
breakeven over the next 12 months," S&P said.

"We could revise the outlook back to stable if the company
demonstrates a path to reducing leverage toward 7x, while
maintaining consistent operating performance through
mid-single-digit revenue growth and stable EBITDA margin," the
rating agency said.


WATERBRIDGE MIDSTREAM: Fitch Assigns 'B+' LT IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating of 'B+' to WaterBridge Midstream Operating, LLC, and
'BB'/'RR2' senior secured rating to WaterBridge's proposed secured
term loan. The 'BB'/'RR2' rating for the senior secured term loan
indicates that in the event of a default, Fitch expects that the
secured Term Loan B will have a recovery in the 70% to 90% range.

The Rating Outlook is Stable.

WaterBridge's rating reflects its small size, single basin asset
profile and high growth expectations. Leverage metrics are elevated
as of the transaction close but are anticipated to improve to be in
line with, or better than, Fitch-rated single basin gathering and
processing peers in the region. The ratings consider counterparty
credit risk to be higher than these peers since a large amount
WaterBridge's expected volume growth is coming from high yield or
unrated counterparties. Finally, Fitch considers that the
production economics associated with the Southern Delaware basin
are among the best in North America and production growth from the
region is expected to remain robust.

KEY RATING DRIVERS

Limited Scale and Size: WaterBridge is a water midstream/solutions
provider that operates predominantly in the Southern Delaware
region of the Permian basin. WaterBridge also has operations in the
Arkoma basin in Oklahoma, which provides some revenue diversity.
The company is expected to generate an annual EBITDA less than $250
million in the near term. An offsetting factor to WaterBridge's
limited size and scope is their geographic presence in a region
where crude production growth, and consequently produced water
growth, is expected to be significant in the near to intermediate
term. Furthermore, since WaterBridge is considered an early mover
in the emerging water midstream industry, there is potential for
material growth if WaterBridge can secure additional acreage
dedications from other E&Ps in their area of operating interest
(AOI). Nonetheless, given the predominant single basin focus and
lack of business line diversity, WaterBridge is subject to outsized
event risk should there be a slow-down or longer term disruption of
Delaware Basin production and or adverse regulatory decision
regarding waste water disposal.

Counterparty Risk Exposure: WaterBridge's customer profile is
modestly diverse, but sporadic in terms of credit worthiness. The
company has some investment grade counterparties including Concho
Resources (CXO, BBB/Stable); however, WaterBridge has several key
counterparties with high yield credit profiles. Many of the
remaining customers are small E&Ps that are either private or have
high yield credit rating by other rating agencies. Fitch views
WaterBridge's counterparty risk as being relatively high.

Modest Leverage Profile: After the proposed Term Loan closing,
WaterBridge's leverage profile remains relatively low compared to
Midstream 'B' peer comps and consistent with Midstream Navigator
medians at the 'B' level, with WaterBridge leverage at a Fitch
calculated total debt/adjusted EBITDA between 5.5x-6.0x by YE 2019.
Leverage continues to improve through the forecast as EBITDA
expands through organic production growth and as debt gets paid
down through mandatory amortizations (1% per annum) and excess cash
flow sweeps. WaterBridge is expected to deleverage to approximately
3.6x by 2022, barring any incremental debt. Given expectations for
continued Permian production growth, more amenable covenant
package, and acreage dedications Fitch views WaterBridge's
bankruptcy risk as being largely focused on their ability to
refinance their term loan upon maturity in 2026. Fitch notes,
however, that acreage dedications are generally less revenue
supportive than MVC's and WaterBridge's contracts are largely
supported by acreage dedications.

Production Fundamentals Remain Robust: The outlook for Permian
production growth remains relatively robust and on pace to achieve
prior forecasted levels. According to EIA, production in the
Permian is expected to increase to an average of 4.2 MMbbl/d in
2019, roughly 750 Mbbl/d more than 2018 production. WaterBridge's
customers operate in the Delaware region of the Permian which has
some of the lowest breakeven costs and highest producer IRRs in
North America. Fitch expects capacity constraints to wane this year
as some major long-haul pipelines become operational throughout
2019, helping support the increased production outlook. While Fitch
does expect growth of volumes in the Permian, volumetric risk still
exists as producer activity within WaterBridge's footprint is not
guaranteed and volumes on WaterBridge's assets will generally be
influenced by prevailing oil prices.

Nascent Water Midstream Industry: Water solutions for E&Ps have
typically been taken care of in-house. Historically, E&Ps would
truck the waste water produced by their wells to salt water
disposal (SWDs) facilities, but given the magnitude of the change
in production volumes many producers have been looking to have this
process handle by outside parties. Water midstream companies,
structured similarly to regular crude oil or NGL midstream
companies, are now being created to more efficiently dispose of
E&Ps waste water. Although water midstream companies have similar
assets and operations to traditional crude pipelines there are
still inherent obstacles affiliated with entering a new industry.
Regulatory oversight associated with mitigating seismic activity
from produced water disposal in underground wells can be a
potential risk as more geologic data surfaces in the future. In
addition, waste water from produced wells can contain hazardous
chemicals and must be managed properly. Fitch expects that
WaterBridge would be compliant with all regulatory and
environmental matters.

DERIVATION SUMMARY

WaterBridge's leverage metrics are initially high, consistent with
Fitch's expectations for 'B' midstream energy issuers. As
production increases in the forecast period, it is expected to
decline. This compares favorably relative to similarly located
single basin Permian gathering and processing names rated in the
'B' to 'BB-' IDR range. Relative to Permian peers BCP Raptor, LLC
(B+/Negative) and BCP Raptor II, LLC (B/Stable), WaterBridge's
leverage is lower in the in near term, while growth is forecasted
to be faster, and size and scale more robust (both in terms of
EBITDA and total asset size/processing capacity).

WaterBridge's size and improving leverage metrics are better than
its Permian focused gas gathering and processing peer Navitas
Midstream (B/Stable), with Fitch 2019 leverage improving at Navitas
similar to WaterBridge, though both issuers are expected to delever
as a result of production growth in the Permian basin. WaterBridge
has more acreage dedicated to it, and a slightly more diversified
and highly rated counterparty portfolio. Relative to Lucid Energy
Group (B+/Negative), WaterBridge has similar size and scale of
operations, although 2019-2020 leverage is stronger for
WaterBridge. WaterBridge's average dedication tenor is higher than
both Medallion Gathering & Processing, LLC ('B+'/Stable Outlook)
and Lucid at approximately 14 years. However, Lucid and Medallion
have a stronger percentage of their consolidated earnings
attributable to higher quality counterparties compared to
WaterBridge. NGL Energy Partners LP (B/Stable) is a midstream peer
that engages in crude oil transportation, refined products
marketing and water solutions. NGL is larger, and more diversified,
but weakly capitalized relative to WaterBridge. WaterBridge is
unique in the midstream sector in that it is a pure play water
solutions business. Many of the peers aforementioned are
traditional midstream entities engaging in crude oil gathering, or
gas gathering & processing. WaterBridge's early mover presence in
the space should provide a competitive advantage in establishing
healthy customer relationships and operational know-how.

KEY ASSUMPTIONS

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

  -- Production volume ramps up through forecast years; No new
acreage dedications or new producer customers assumed;

  -- Deleveraging aided by term loan amortization (1% per annum)
and debt repayment under excess cash flow sweep;

  -- Fitch's base case WTI oil price that trends down from
$57.5/barrel in 2019 and 2020 to a long-term price of $55.0/barrel

RATING SENSITIVITIES

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

  -- Should WaterBridge increase its size, scale, asset, geographic
or business line diversity, with a focus on growing EBITDA above
$300 million per year while maintaining total debt/adjusted EBITDA
at or below 4.0x on a sustained basis, Fitch would consider a
positive rating action.

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

  -- Declining volumes across WaterBridge's acreage, as evidenced
by a decline in rig count or a moderation in daily volumes through
its system;

  -- Meaningful deterioration in counterparty credit quality or a
significant event at a major counterparty that impairs cash flow;

  -- Total debt/adjusted EBITDA above 6.0x at 2019 YE. Fitch
expects WaterBridge's leverage to be 5.5x-6.0x by 2019 YE;

  -- Capital spending inflation versus base case and management
budget which pressures liquidity;

  -- A significant change in cash flow stability profile, driven by
a move away from current majority of revenue being fee-based. If
revenue commodity price exposure were to increase above 25%, Fitch
would likely take a negative rating action.

LIQUIDITY

Liquidity Adequate: Fitch considers WaterBridge to have adequate
liquidity. The company will have access to a $150 million
super-senior revolving credit facility that matures in five years
upon closing. No borrowings are expected to be drawn on the
revolver at close. WaterBridge will also issue a $1 billion senior
secured Term Loan B with a manageable maturity of seven years.
Post-closing of the term loan the company expects to have
approximately $141 million dollars of cash on the balance sheet.
The company is expected to use the remaining balance of the term
loan to prefund capex.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following first-time ratings:

WaterBridge Midstream Operating LLC

  -- Long-Term Issuer Default Rating (IDR) 'B+';

  -- Senior Secured Term Loan B 'BB'/'RR2'.

The Rating Outlook is Stable.


WATERBRIDGE MIDSTREAM: S&P Assigns 'B' ICR; Outlook Stable
----------------------------------------------------------
S&P Global Ratings assigned its 'B' issuer credit rating to parent
company WaterBridge Operating LLC (WaterBridge) and WaterBridge
Midstream Operating LLC (Midstream).

S&P also assigned its 'B' issue-level rating and '3' recovery
rating to the $1 billion term loan B due 2026 that Midstream is
issuing to refinance its capital structure, fund the acquisition of
PDC Energy Inc.'s water infrastructure assets, and fund capital
expenditures.  At the same, S&P assigned a 'BB-' issue-level rating
and '1' recovery rating to the $150 million super-priority
revolving credit facility due 2024.

"Our 'B' issuer credit rating on WaterBridge reflects the company's
relatively limited yet growing scale of operations, geographic
concentration, and aggressive growth strategy. We forecast adjusted
leverage of approximately 5x for 2019 to improve to the mid-4x area
for 2020 as it realizes a full year of cash flows from its recent
acquisitions," S&P said.

The stable outlook reflects S&P's view that WaterBridge will
successfully integrate its recent acquisitions resulting in
adjusted debt to EBITDA of approximately 5x for 2019 improving to
the mid-4x area by 2020 due to growing volumes year over year.

"Though unlikely in the next 12-months, we could consider higher
ratings for WaterBridge if it successfully increases the scale and
scope of operations while maintaining adjusted leverage below 4.5x.
This could also occur if the company notably increases its level of
minimum volume commitments, which would result in less volatility
under a prolonged period of weak commodity prices," S&P said.

"We could consider lower ratings if adjusted leverage stays above
5x in 2020, which could occur from a sharp decline in crude oil
prices leading to reduced drilling and oil production and, as a
result, lower water volumes. This could also occur if the company
pursues a more aggressive strategy of financial policy," S&P said,
adding that it could consider lower ratings if more stringent
environmental or regulatory factors impair operations.


[*] Jamie Edmonson Joins Robinson+Cole's Bankruptcy Practice
------------------------------------------------------------
Robinson+Cole (R+C) on June 4, 2019, announced the addition of
Jamie L. Edmonson to the firm's growing Bankruptcy +
Reorganizations practice.  She joins as partner in the Wilmington,
Delaware office, from Venable LLP, where she was partner-in-charge
of the office.

"The continued growth of our Bankruptcy + Reorganization Practice
Group is one of our firm's key strategic objectives, as is the
expansion of our presence in Wilmington.  Consistent with these
objectives, we are extraordinarily fortunate to have the
opportunity to add Jamie, whose practice will have so many
synergies with our existing bankruptcy, corporate and litigation
practices," said R+C Managing Partner Stephen E. Goldman.  "Jamie
is also an established leader in the Delaware bar, and we look
forward to working with her to continue to expand our Wilmington
office."

Edmonson joins R+C following a significant expansion of the firm's
bankruptcy practice in January when R+C welcomed five attorneys and
opened new offices in Philadelphia and Wilmington.  
Natalie D. Ramsey, Mark A. Fink and Davis Lee Wright, all of whom
practice bankruptcy in Delaware, joined as partners, bringing their
decades of experience in bankruptcy, corporate reorganization and
litigation matters throughout the United States.

"Joining Robinson+Cole allows me to work with a well-regarded
national bankruptcy and reorganization team in providing
exceptional service to my clients, including former colleagues Mark
Fink and Davis Wright, from our time together at Skadden," said Ms.
Edmonson.  "The firm's commitment to growing and developing its
Delaware office was critically important to me."

For more than 20 years, Edmonson has focused her practice on
corporate reorganizations and bankruptcy.  She has represented
secured and unsecured creditors, creditors' committees, public and
non-public debtor corporations and asset purchasers in bankruptcy
and restructuring matters.  Her clients have hailed from numerous
industries including information technology, retail, food, energy,
construction, real estate, telecommunications, and manufacturing.
Ms. Edmonson began her practice in California, and she is a member
of both the Delaware and California bars.

                      About Robinson+Cole

Robinson+Cole -- http://www.rc.com-- is an Am Law 200 firm with
more than 200 lawyers in elevenoffices throughout the Northeast,
Mid-Atlantic, Florida and California serving regional, national,
and international clients, from start-ups to Fortune 500
companies.



[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re David M. Hutchison and Margaret A. Hutchison
   Bankr. D. Ariz. Case No. 19-06650
      Chapter 11 Petition filed May 29, 2019
         represented by: Thomas H. Allen, Esq.
                         ALLEN BARNES & JONES, PLC
                         E-mail: tallen@allenbarneslaw.com

In re Herbert Edward Miller
   Bankr. E.D. Cal. Case No. 19-23392
      Chapter 11 Petition filed May 29, 2019
         represented by: Allen C. Hassan, Esq.

In re Woodstock Realty, LLC
   Bankr. D. Conn. Case No. 19-20916
      Chapter 11 Petition filed May 29, 2019
         See http://bankrupt.com/misc/ctb19-20916.pdf
         represented by: Gregory F. Arcaro, Esq.
                         GRAFSTEIN & ARCARO LLC
                         E-mail: garcaro@grafsteinlaw.com

In re Nosson Sklar
   Bankr. S.D.N.Y. Case No. 19-11740
      Chapter 11 Petition filed May 29, 2019
         represented by: Narissa A. Joseph, Esq.
                         LAW OFFICES OF NARISSA A. JOSEPH
                         E-mail: njosephlaw@aol.com

In re Prince Fashions, Inc.
   Bankr. S.D.N.Y. Case No. 19-23079
      Chapter 11 Petition filed May 29, 2019
         Filed Pro Se

In re Tony's Famous Tomato Pie Bar & Restaurant, Inc.
   Bankr. E.D. Pa. Case No. 19-13427
      Chapter 11 Petition filed May 29, 2019
         See http://bankrupt.com/misc/paeb19-13427.pdf
         represented by: Ronald Lee Daugherty, Esq.
                         SALMON RICCHEZZA SINGER & TURCHI, LLP
                         E-mail: rdaugherty@srstlaw.com

In re BPC of Memphis, LLC
   Bankr. W.D. Tenn. Case No. 19-24124
      Chapter 11 Petition filed May 29, 2019
         See http://bankrupt.com/misc/tnwb19-24124.pdf
         represented by: Ted I. Jones, Esq.
                         JONES & GARRETT LAW FIRM
                         E-mail: dtedijones@aol.com

In re Jose Cervando Mireles
   Bankr. W.D. Tenn. Case No. 19-24143
      Chapter 11 Petition filed May 29, 2019
         represented by: Eugene G. Douglass, Esq.
                         E-mail: gene@douglassrunger.com

In re Steve Clohessy
   Bankr. E.D. Tex. Case No. 19-41425
      Chapter 11 Petition filed May 29, 2019
         represented by: Eric A. Liepins, Esq.
                         E-mail: eric@ealpc.com

In re Tennyson Hot Shot Service, LLC
   Bankr. N.D. Tex. Case No. 19-42142
      Chapter 11 Petition filed May 29, 2019
         See http://bankrupt.com/misc/txnb19-42142.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re Ciao Restaurants, LLC
   Bankr. E.D. Calif. Case No. 19-23452
      Chapter 11 Petition filed May 30, 2019
         See http://bankrupt.com/misc/caeb19-23452.pdf
         represented by: Gabriel E. Liberman, Esq.
                         LAW OFFICES OF GABRIEL LIBERMAN, APC
                         E-mail: attorney@4851111.com

In re Amir Safakish
   Bankr. N.D. Calif. Case No. 19-51094
      Chapter 11 Petition filed May 30, 2019
         represented by: Charles Alex Naegele, Esq.
                         C. ALEX NAEGELE, A PROFESSIONAL LAW CORP
                         E-mail: alex@canlawcorp.com

In re JohnRuth Capital Inc.
   Bankr. M.D. Fla. Case No. 19-05119
      Chapter 11 Petition filed May 30, 2019
         Filed Pro Se

In re BNG Fitness, LLC
   Bankr. M.D. Fla. Case No. 19-05123
      Chapter 11 Petition filed May 30, 2019
         See http://bankrupt.com/misc/flmb19-05123.pdf
         represented by: David W. Steen, Esq.
                         DAVID W STEEN, P.A.
                         E-mail: dwsteen@dsteenpa.com

In re Roman Antone Hill
   Bankr. N.D. Ga. Case No. 19-58321
      Chapter 11 Petition filed May 30, 2019
         represented by: Will B. Geer, Esq.
                         WIGGAM & GEER, LLC
                         E-mail: wgeer@wiggamgeer.com

In re Thomas Bjornson and Barbara Bjornson
   Bankr. D. Mass. Case No. 19-40891
      Chapter 11 Petition filed May 30, 2019
         represented by: David C. Crossley, Esq.
                         CROSSLEY LAW OFFICES, LLC
                         E-mail: dcrossley@crossley-law.com

In re 968 East 48 LLC
   Bankr. E.D.N.Y. Case No. 19-43306
      Chapter 11 Petition filed May 30, 2019
         See http://bankrupt.com/misc/nyeb19-43306.pdf
         represented by: Charles Wertman, Esq.
                         LAW OFFICES OF CHARLES WERTMAN P.C.
                         E-mail: cwertmanlaw@gmail.com
                                 charles@cwertmanlaw.com

In re Fuel Davidson Inc.
   Bankr. E.D.N.Y. Case No. 19-43335
      Chapter 11 Petition filed May 30, 2019
         See http://bankrupt.com/misc/nyeb19-43335.pdf
         represented by: Lawrence Morrison, Esq.
                         MORRISON TENENBAUM, PLLC
                         E-mail: lmorrison@m-t-law.com
                                 info@m-t-law.com

In re Fuel Davidson LLC
   Bankr. E.D.N.Y. Case No. 19-43336
      Chapter 11 Petition filed May 30, 2019
         See http://bankrupt.com/misc/nyeb19-43336.pdf
         represented by: Lawrence Morrison, Esq.
                         MORRISON TENENBAUM, PLLC
                         E-mail: lmorrison@m-t-law.com
                                 info@m-t-law.com

In re Beach Kodosh LLC
   Bankr. E.D.N.Y. Case No. 19-43339
      Chapter 11 Petition filed May 30, 2019
         See http://bankrupt.com/misc/nyeb19-43339.pdf
         represented by: Charles Wertman, Esq.
                         LAW OFFICES OF CHARLES WERTMAN P.C.
                         E-mail: cwertmanlaw@gmail.com

In re 281 West Main Corp.
   Bankr. E.D.N.Y. Case No. 19-73926
      Chapter 11 Petition filed May 30, 2019
         Filed Pro Se

In re Uchenna C. Uzoukwu
   Bankr. M.D. Pa. Case No. 19-02325
      Chapter 11 Petition filed May 29, 2019
         represented by: Harrison Ross Byck, Esq.
                         KASURI BYCK LAW OFFICES

In re Asha Kay and James Kay
   Bankr. E.D. Tex. Case No. 19-41440
      Chapter 11 Petition filed May 30, 2019
         Filed Pro Se

In re Brand Brigade LLC
   Bankr. C.D. Cal. Case No. 19-16397
      Chapter 11 Petition filed May 31, 2019
         See http://bankrupt.com/misc/cacb19-16397.pdf
         represented by: Jeffrey S. Kwong, Esq.
                         Daniel H. Reiss, Esq.
                         LEVENE, NEALE, BENDER YOO & BRILL LLP
                         E-mail: jsk@lnbyb.com
                                 dhr@lnbyb.com

In re Medford Randal Park
   Bankr. E.D. Mo. Case No. 19-20134
      Chapter 11 Petition filed May 31, 2019
         See http://bankrupt.com/misc/moeb19-20134.pdf
         represented by: Fredrich J. Cruse, Esq.
                         THE CRUSE LAW FIRM
                         E-mail: fcruse@cruselaw.com

In re Palmetto Construction Services, LLC
   Bankr. D.N.J. Case No. 19-21051
      Chapter 11 Petition filed May 31, 2019
         See http://bankrupt.com/misc/njb19-21051.pdf
         represented by: Jared A. Geist, Esq.
                         GEIST LAW LLC
                         E-mail: jared@geistlegal.com

In re Golden 18, Inc.
   Bankr. E.D.N.Y. Case No. 19-43363
      Chapter 11 Petition filed May 31, 2019
         Filed Pro se

In re Kawall N. Deosaran
   Bankr. E.D.N.Y. Case No. 19-73972
      Chapter 11 Petition filed May 31, 2019
         represented by: Pankaj Malik, Esq.
                         WARSHAW BURSTEIN, LLP
                         E-mail: pmalik@wbny.com

In re James D. Guarino
   Bankr. W.D.N.Y. Case No. 19-11123
      Chapter 11 Petition filed May 31, 2019
         represented by: Arthur G. Baumeister, Jr., Esq.
                         BAUMEISTER DENZ LLP
                         E-mail: abaumeister@bdlegal.net

In re Wil-Flo Enterprises LLC
   Bankr. W.D. Tex. Case No. 19-51278
      Chapter 11 Petition filed May 31, 2019
         See http://bankrupt.com/misc/txwb19-51278.pdf
         represented by: Albert William Van Cleave, III, Esq.
                         LAW OFFICES OF ALBERT W. VAN CLEAVE III
                         E-mail: vancleave-legal@sbcglobal.net

In re Rambutan Thai, a California corporation
   Bankr. C.D. Cal. Case No. 19-16478
      Chapter 11 Petition filed June 1, 2019
         See http://bankrupt.com/misc/cacb19-16478.pdf
         represented by: Jeffrey S. Shinbrot, Esq.
                         JEFFREY S. SHINBROT, APLC
                         E-mail: jeffrey@shinbrotfirm.com

In re Charles Mahl
   Bankr. S.D. Fla. Case No. 19-17245
      Chapter 11 Petition filed May 31, 2019
         represented by: Paul L. Orshan, Esq.
                         ORSHAN, P.A.
                         E-mail: paul@orshanpa.com

In re Shane Tracy Enterprises, Inc.
   Bankr. W.D. Pa. Case No. 19-22235
      Chapter 11 Petition filed June 2, 2019
         See http://bankrupt.com/misc/pawb19-22235.pdf
         represented by: Aurelius P. Robleto, Esq.
                         ROBLETO LAW, PLLC
                         E-mail: apr@robletolaw.com

In re Adelita Enterprises, LLC
   Bankr. W.D. Pa. Case No. 19-22237
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/pawb19-22237.pdf
         represented by: Salene R.M. Kraemer, Esq.
                         MAZURKRAEMER BUSINESS LAW
                         E-mail: salene@mazurkraemer.com

In re Ashville Mobile Home Parts, LLC
   Bankr. N.D. Ala. Case No. 19-40931
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/alnb19-40931.pdf
         represented by: Robert D. McWhorter, Jr., Esq.
                         INZER, HANEY, MCWHORTER & HANEY, LLC
                         E-mail: rdmcwhorter@bellsouth.net

In re Sundance LLC
   Bankr. E.D. Cal. Case No. 19-23573
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/caeb19-23573.pdf
         represented by: Stephen M. Reynolds, Esq.
                         REYNOLDS LAW CORPORATION
                         E-mail: sreynolds@lr-law.net

In re Myrtle Janice Stewart
   Bankr. N.D. Ga. Case No. 19-58647
      Chapter 11 Petition filed June 3, 2019
         represented by: Leslie M. Pineyro, Esq.
                         JONES AND WALDEN, LLC
                         E-mail: lpineyro@joneswalden.com

In re Multimiles LLC
   Bankr. S.D.N.Y. Case No. 19-11849
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/nysb19-11849.pdf
         represented by: Vincent J. Roldan, Esq.
                         BALLON STOLL BADER & NADLER P.C.
                         E-mail: vroldan@ballonstoll.com

In re 19 Court, Inc.
   Bankr. S.D.N.Y. Case No. 19-23118
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/nysb19-23118.pdf
         represented by: H. Bruce Bronson, Jr., Esq.
                         BRONSON LAW OFFICES, P.C.
                         E-mail: ecf@bronsonlaw.net
                                 hbbronson@bronsonlaw.net

In re Robert Ronald Chapman and Dixie D. Chapman
   Bankr. E.D. Tex. Case No. 19-10257
      Chapter 11 Petition filed June 3, 2019
         represented by: Frank J. Maida, Esq.
                         MAIDA CLARK LAW FIRM, P.C.
                         E-mail: docs@maidaclarklaw.com

In re Gateway To Lancaster, LLC
   Bankr. N.D. Tex. Case No. 19-31872
      Chapter 11 Petition filed June 3, 2019
         Filed Pro Se

In re Charity Church
   Bankr. N.D. Tex. Case No. 19-42304
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/txnb19-42304.pdf
         represented by: Marilyn D. Garner, Esq.
                         LAW OFFICES OF MARILYN D. GARNER
                         E-mail: mgarner@marilyndgarner.net

In re Buckner Foods, Inc.
   Bankr. N.D. Tex. Case No. 19-42307
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/txnb19-42307.pdf
         represented by: Marilyn D. Garner, Esq.
                         LAW OFFICE OF MARILYN D. GARNER
                         E-mail: mgarner@marilyndgarner.net

In re Monica Monique Jeffers
   Bankr. S.D. Tex. Case No. 19-33118
      Chapter 11 Petition filed June 3, 2019
         Filed Pro Se

In re Mal-Hadr LLC
   Bankr. S.D. Tex. Case No. 19-33122
      Chapter 11 Petition filed June 3, 2019
         Filed Pro Se

In re Godstone Ranch Real Estate, LLC
   Bankr. S.D. Tex. Case No. 19-33153
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/txsb19-33153.pdf
         represented by: Michael L. Hardwick, Esq.
                         MICHAEL HARDWICK LAW, PLLC
                         E-mail: michael@michaelhardwicklaw.com

In re Schrad LTD
   Bankr. W.D. Tex. Case No. 19-51331
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/txwb19-51331.pdf
         represented by: Michael J. O'Connor, Esq.
                         LAW OFFICE OF MICHAEL J. O'CONNOR
                         E-mail: oconnorlaw@gmail.com

In re Honey Bee Bakers, LLC
   Bankr. W.D. Tex. Case No. 19-51334
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/txwb19-51334.pdf
         represented by: Michael J. O'Connor, Esq.
                         LAW OFFICE OF MICHAEL J. O'CONNOR
                         E-mail: oconnorlaw@gmail.com

In re Red Apple Resources of South Texas, Inc.
   Bankr. W.D. Tex. Case No. 19-51338
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/txwb19-51338.pdf
         represented by: Michael J. O'Connor, Esq.
                         LAW OFFICE OF MICHAEL J. O'CONNOR
                         E-mail: oconnorlaw@gmail.com

In re Paulette J. Baribeau
   Bankr. W.D. Tex. Case No. 19-51357
      Chapter 11 Petition filed June 3, 2019
          represented by: Dean William Greer, Esq.
                          E-mail: dwgreer@sbcglobal.net

In re Fernando Von Rossum
   Bankr. W.D. Tex. Case No. 19-51355
      Chapter 11 Petition filed June 3, 2019
         represented by: James Samuel Wilkins, Esq.
                         WILLIS & WILKINS, LLP
                         E-mail: jwilkins@stic.net

In re KKG Enterprises, LLC
   Bankr. S.D. Va. Case No. 19-50096
      Chapter 11 Petition filed June 3, 2019
         See http://bankrupt.com/misc/wvsb19-50096.pdf
         represented by: John F. Leaberry, Esq.
                         LAW OFFICE OF JOHN LEABERRY
                         E-mail: leaberry01@yahoo.com

In re Joseph L. Michels and Lynn M. Michels
   Bankr. D. Ariz. Case No. 19-06877
      Chapter 11 Petition filed June 4, 2019
         represented by: Thomas H. Allen, Esq.
                         ALLEN BARNES & JONES, PLC
                         E-mail: tallen@allenbarneslaw.com

In re John Louis Katangian and Shelline Marie Katangian
   Bankr. C.D. Calif. Case No. 19-12162
      Chapter 11 Petition filed June 3, 2019
         represented by: Michael R. Totaro, Esq.
                         TOTARO & SHANAHAN
                         E-mail: Ocbkatty@aol.com

In re Lynn M. Vargas
   Bankr. C.D. Cal. Case No. 19-16549
      Chapter 11 Petition filed June 4, 2019
         represented by: Rosendo Gonzalez, Esq.
                         GONZALEZ & GONZALEZ LAW, P.C.
                         E-mail: rossgonzalez@gonzalezplc.com

In re Salaheddine Elmoqaddem
   Bankr. C.D. Cal. Case No. 19-16584
      Chapter 11 Petition filed June 4, 2019
         represented by: Kevin Tang, Esq.
                         TANG & ASSOCIATES
                         E-mail: kevin@tang-associates.com

In re David Keith Stewart
   Bankr. S.D. Cal. Case No. 19-03348
      Chapter 11 Petition filed June 4, 2019
         represented by: Gregory Highnote, Esq.
                         BANKRUPTCY LEGAL GROUP
                         E-mail: Greg@BankruptcySD.com

In re Gregory J. Fry
   Bankr. N.D. Ill. Case No. 19-15896
      Chapter 11 Petition filed June 3, 2019
         represented by: Allan O. Fridman, Esq.
                         LAW OFFICE OF O. ALLAN FRIDMAN
                         E-mail: allanfridman@gmail.com

In re Louis John Capra
   Bankr. N.D. Ill. Case No. 19-15935
      Chapter 11 Petition filed June 4, 2019
         Filed Pro Se

In re Mindaugas Kazakevicius
   Bankr. N.D. Ill. Case No. 19-15966
      Chapter 11 Petition filed June 4, 2019
         represented by: Ben L. Schneider, Esq.
                         SCHNEIDER & STONE
                         E-mail: ben@windycitylawgroup.com

In re TAK, L.L.C.
   Bankr. E.D. La. Case No. 19-11512
      Chapter 11 Petition filed June 4, 2019
         See http://bankrupt.com/misc/laeb19-11512.pdf
         represented by: Douglas S. Draper, Esq.
                         HELLER, DRAPER, PATRICK, HORN &
                         MANTHEY LLC
                         E-mail: dsd@hellerdraper.com

In re Janice B. Griffin
   Bankr. D. Md. Case No. 19-17546
      Chapter 11 Petition filed June 3, 2019
         represented by: Keith R. Havens, Esq.
                         HAVENS AND ASSOCIATES
                         E-mail: Keith.R.Havens@HavensLawFirm.com

In re AMD Enterprises 1 LLC
   Bankr. D.N.J. Case No. 19-21251
      Chapter 11 Petition filed June 4, 2019
         Filed Pro Se

In re Charles William Dorman
   Bankr. E.D.N.Y. Case No. 19-43424
      Chapter 11 Petition filed June 4, 2019
         Filed Pro Se

In re Uriel Property Management LLC
   Bankr. E.D.N.Y. Case No. 19-74065
      Chapter 11 Petition filed June 4, 2019
         Filed Pro Se

In re Jerry Lee Hartley
   Bankr. D.S.C. Case No. 19-02994
      Chapter 11 Petition filed June 3, 2019
         represented by: Reid B. Smith, Esq.
                         BIRD AND SMITH, PA
                         E-mail: rsmith@birdsmithlaw.com

In re Jeffrey Lee Hubbard and Tammy Leigh Hubbard
   Bankr. S.D. W.Va. Case No. 19-10076
      Chapter 11 Petition filed June 4, 2019
         represented by: Joseph W. Caldwell, Esq.
                         CALDWELL & RIFFEE
                         E-mail: joecaldwell@frontier.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

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