/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/191226.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, December 26, 2019, Vol. 23, No. 359 Headlines 4LESS GROUP: Incurs $995,000 Net Loss for Quarter Ended Oct. 31 512 NORTH AVE: Case Summary & 3 Unsecured Creditors AMERICAN WORKERS: Hires Oxendine Law as Special Counsel APEX GLOBAL: Needs More Working Capital to Remain as Going Concern BERLEY ASSOCIATES: Files 3rd Modified Plan BLACK RIDGE: Posts $9.1 Million Net Income in Third Quarter BUANNO TRANSPORT: Jan. 28, 2020 Disclosure Statement Hearing Set CAPSON CORP: Hires Milliman Inc. as Actuarial Consultant CARDINAL HOMES: Taps American Legal as Claims and Noticing Agent CDT DE SAN SEBASTIAN: Seeks to Hire Jose R. Cintron as Counsel CLINTON NURSERIES: CN Trust Funding Raised to $200K CORDOVACANN CORP: Incurs CAD900,000 Net Loss for Sept. 30 Quarter COUNTRY MORNING FARMS: Insists on Non-Default Rates for Bank CREATIVE GLOBAL: Jiae Lee Say Disclosure Statement Misleading CW WELDING: Unsecureds Only Get $24,000 Per Year for 3 Years CYTODYN INC: Signs License Agreement with Vyera Pharma CYTOSORBENTS CORP: CMO Will Get $119K in Separation Pay DESERT HAWK: Incurs $92,000 Net Loss for Sept. 30, 2018 Quarter DRAGON HOPS: Unsecureds to Have 30% Recovery Over 5 Years EAST END BUS LINES: PNC Says Plan Undervalues Vehicles ELM HEATING: Plan & Disclosure's Status Date Reset to Jan. 28, 2020 EM POLICIA: Seeks Extension for Plan & Disclosure Filing GOGI GRILL: Seeks to Hire Morrison Tenenbaum as Counsel GOGO INC: Incurs $22.9 Million Net Loss in Third Quarter GOLDEN DEVELOPING: Expected Future Losses Cast Going Concern Doubt GOLDEN TOUCH: Jan. 7 Hearing on Confirmation of Plan H.R.H.C.C. INC: Seeks to Hire Willis & Wilkins as Counsel HILL CONCRETE: Disclosure Hearing Continued to Feb. 26, 2020 HOTEL OXYGEN: Seeks to Hire Guidant Law as Bankruptcy Counsel HOUSTON GRANITE: Seeks to Hire Millas CPA as Accountant INSYS THERAPEUTICS: GSBB Represents Health Plan Claimants, Tribe INSYS THERAPEUTICS: Trade Creditors Get 5.6% to 8.2% in Plan J & C CORP: Plan Has 60% Dividend for Unsecured Creditors JAGUAR HEALTH: Sagard Capital Lowers Stake to 4.23% as of Dec. 20 LE JARDIN: To Seek Plan Approval on Jan. 23 M.E. SMITH: Unsecured Creditors to Recover 6.5% in 5 Years MEDTAINER INC: Haskell & White LLP Raises Going Concern Doubt MONUMENT BREWING: Plan & Disclosures Due March 10, 2020 NORVIEW BUILDERS: Unsecureds to Get Full Payment Under Plan P&D INVESTMENTS: AIP Says Amended Disclosures Inadequate PARKINSON SEED: Hires LeMoyne Realty to Market Downey Farm PEAK SERUM: Seeks to Hire Wadsworth Garber as Counsel PEN INC: Incurs $48,000 Net Loss for Quarter Ended March 31, 2019 PENOBSCOT VALLEY: KeyBank Objects to Plan & Disclosures PES HOLDINGS: US Trustee Says Disclosures Inadequate PETROSHARE CORP: Seeks to Hire Ordinary Course Professionals PHUONG NAM: Unsecured Creditors to Recover 10% in Plan PORT CITY CLEANERS: Jan. 14 Plan Confirmation Hearing Set PVV LLC: Case Summary & 20 Largest Unsecured Creditors QUALITY REIMBURSEMENT: Committee Hires Buchalter as Counsel RADFORD QUARRIES: Jan. 10 Hearing on Disclosure Statement Set RENAISSANCE HEALTH: Jan. 14, 2020 Plan & Disclosures Hearing Set SANAM CONYERS: US Trustee Objects to Plan & Disclosures SHARING ECONOMY: Reports Third Quarter Net Loss of $1.11 Million SOUTHERN FOODS: Hires Epiq as Claims and Noticing Agent SOUTHERN ILLINOIS: Unsecureds to Be Paid Over Time in Plan SVP: Ch. 11 Trustee Objects to Sullivans' Plan Disclosures TREESIDE CHARTER: Hires Red Apple as Accountant and Advisor US-CHINA PROFESSIONAL: Unsecureds to Recover 100% in Plan UTOPIX MEDICAL: Unsecureds to be Paid in Full in 5 Years VALLEY ECONOMIC: Hires Keen-Summit as Real Estate Consultant VIDANGEL INC: Trustee Hires Magleby Cataxinos as Special Counsel WASH MULTIFAMILY: Moody's Affirms B3 CFR, Outlook Stable WINE UTOPIA: Jan. 7 Hearing on Bid for Trustee/Conversion ZEST ACQUISITION: Moody's Alters Outlook on B3 CFR to Stable [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 4LESS GROUP: Incurs $995,000 Net Loss for Quarter Ended Oct. 31 --------------------------------------------------------------- The 4LESS Group, Inc., filed its quarterly report on Form 10-Q, disclosing a net loss of $994,960 on $1,890,461 of revenue for the three months ended Oct. 31, 2019, compared to a net loss of $284,504 on $2,046,256 of revenue for the same period in 2018. At Oct. 31, 2019, the Company had total assets of $1,132,629, total liabilities of $7,301,767, and $6,169,138 in total stockholders' deficit. The Company said, "Management believes that we will continue to incur losses for the immediate future. Therefore, we will need additional equity or debt financing until we can achieve profitability and positive cash flows from operating activities, if ever. These conditions raise substantial doubt about our ability to continue as a going concern. Our unaudited consolidated financial statements do not include and adjustments relating to the recovery of assets or the classification of liabilities that may be necessary should we be unable to continue as a going concern. For the three months ended October 31, 2019, we have generated revenue and are trying to achieve positive cash flows from operations." A copy of the Form 10-Q is available at: https://is.gd/I6BfWJ The 4LESS Group, Inc., operates as an e-commerce auto and truck parts sales company. It offers exhaust systems, suspension systems, wheels, tires, stereo systems, truck bed covers, and shocks. The company is headquartered in Las Vegas, Nevada. 512 NORTH AVE: Case Summary & 3 Unsecured Creditors --------------------------------------------------- Debtor: 512 North Ave LLC 175 Capitol Boulevard, Suite 402 Rocky Hill, CT 06067 Business Description: 512 North Ave LLC is a privately held company based in Rocky Hill, Connecticut. Chapter 11 Petition Date: December 24, 2019 Court: United States Bankruptcy Court District of Connecticut Case No.: 19-22139 Debtor's Counsel: Douglas S. Skalka, Esq. NEUBERT, PEPE & MONTEITH, P.C. 195 Church Street, 13th Floor New Haven, CT 06510 Tel: 203-821-2000 E-mail: dskalka@npmlaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by James Barrett, member. A copy of the petition containing, among other items, a list of the Debtor's three unsecured creditors is available from PacerMonitor for free at: https://is.gd/tw5dux AMERICAN WORKERS: Hires Oxendine Law as Special Counsel ------------------------------------------------------- American Workers Insurance Services, Inc., and its debtor-affiliates, seek authority from the U.S. Bankruptcy Court for the Northern District of Texas to employ Oxendine Law Group, P.C., as special litigation counsel to the Debtors. American Workers requires Oxendine Law to represent and provide legal services to the Debtors in the following cases: a. Joanna Cheng v. All Star General Insurance Agency, Inc., et al., Case No. 3:19-cv-02352-JD, in the U.S. District Court for the Northern District of California; and b. NXT Level Health, LLC v. American Workers Insurance Services, Inc., Civil Action No. 4:19-cv-3605, in the U.S. District Court for the Southern District of Texas. Oxendine Law will be paid at these hourly rates: Partners $500 Associates $250 Oxendine Law was paid a prepetition retainer of $5,000 by the Debtor. $4,300 of the retainer was applied prepetition to satisfy fees and expenses, leaving a balance of $700 held in trust by Oxendine Law. Oxendine Law will also be reimbursed for reasonable out-of-pocket expenses incurred. John W. Oxendine, partner of Oxendine Law Group, P.C., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Oxendine Law can be reached at: John W. Oxendine, Esq. OXENDINE LAW GROUP, P.C. 1325 Satellite Blvd NW Bldg., Suite 606 Suwanee, GA 30024 Tel: (770) 497-8688 About American Workers Insurance Services, Inc. American Workers Insurance Services, Inc., is a health insurance agency in Rockwall, Texas. Association Health Care Management, Inc., doing business as Family Care, provides health care services. AHCM offers assistance, nursing, patient care, rehabilitation, and dental services. AWIS and AHCM sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 19-44208) on Oct, 14, 2019 in Fort Worth, Texas. The petitions were signed by Harold Lyndon Brock, Jr., president of American Workers Insurance, and Landon Jordan, chief executive officer of Association Health Care. On the petition date, AWIS was estimated to have $50 million to $100 million in assets, and $10 million to $50 million in liabilities; AHCM was estimated to have between $50 million and $100 million in assets, and between $10 million and $50 million in liabilities. The Hon. Mark X. Mullin is the case judge. The Debtors tapped Forshey & Prosto, LLP as their legal counsel; The Verde Law Firm, PLLC as special counsel; Oxendine Law Group, P.C., as special litigation counsel; and William Roberts, director at CR3 Partners, LLC, as chief restructuring officer. APEX GLOBAL: Needs More Working Capital to Remain as Going Concern ------------------------------------------------------------------ Apex Global Brands Inc. filed its quarterly report on Form 10-Q, disclosing a net loss of $6,828,000 on $4,894,000 of revenues for the three months ended Nov. 2, 2019, compared to a net income of $63,000 on $5,842,000 of revenues for the three months ended Nov. 3, 2018. At Nov. 2, 2019, the Company had total assets of $90,206,000, total liabilities of $84,663,000, and $5,543,000 in total stockholders' equity. Under the Company's senior secured credit facility, the Company is required to maintain specified levels of Adjusted EBITDA as defined (US$9.5 million for the trailing twelve months as of February 1, 2020) and maintain a minimum cash balance of US$1.0 million. The Company's operating results for the twelve months ended November 2, 2019 resulted in a violation of this minimum Adjusted EBITDA covenant, which is an event of default. However, the Company's senior lender has agreed to forbear from enforcing its rights under the senior secured credit facility through February 28, 2020. Revenues for the three months ended November 2, 2019 were lower than the Company's previous forecasts due to lower than expected royalties reported by the Company's licensees, which have been negatively impacted by the economic uncertainty surrounding Brexit, global trade wars and increasing tariffs on footwear and apparel, and the weakening of the British pound sterling and euro in relation to the United States dollar. In response, management has enacted certain cash savings measures, but such actions were not adequate to maintain compliance with the Adjusted EBITDA covenant. The Company has classified its debt as current as financial projections indicate that there is a significant risk of further violations of the minimum Adjusted EBITDA covenant or minimum cash covenant beyond the forbearance period agreed to with the Company's senior lender. The Company said, "Future compliance failures would subject the Company to significant risks, including the right of its senior lender to terminate its obligation under the Credit Facility, declare all or any portion of the borrowed amounts then outstanding to be accelerated and due and payable, and/or exercise any other right or remedies it may have under applicable law, including foreclosing on the Company's and/or its subsidiaries' assets that serve as collateral for the borrowed amounts. If any of these rights were to be exercised, the Company's financial condition and ability to continue operations would be materially jeopardized. If the Company is unable to meet obligations to lenders and other creditors, the Company may have to significantly curtail or even cease operations. Because of this uncertainty, there is substantial doubt about the Company's ability to continue as a going concern." The Company is in negotiations for new and amended licenses that would increase its working capital and Adjusted EBITDA and is evaluating other potential sources of working capital, including the disposition of certain assets. Management's plans also include further negotiations with its lenders and other potential sources of capital, and the Company's management and board of directors have engaged an advisory firm to advise the Company regarding its business plans, risks and opportunities. The Company further disclosed that there is no assurance that it will be able to execute these plans or continue to operate as a going concern. A copy of the Form 10-Q is available at: https://is.gd/kPGoey Apex Global Brands Inc., a brand ownership and marketing company, creates and manages lifestyle brands worldwide. The Company was formerly known as Cherokee Inc. and changed its name to Apex Global Brands Inc. in June 2019. Apex Global Brands Inc. was founded in 1988 and is headquartered in Sherman Oaks, California. BERLEY ASSOCIATES: Files 3rd Modified Plan ------------------------------------------ Berley Associates Inc. has filed a Third Modified Plan of Reorganization. Berley filed a reorganizing plan. It seeks to accomplish payments under the Plan by funding to be provided by an affiliate. If it is successful in the appeals, it intends to proceed to purchase the property that was transferred to Speedwell Ventures, LLC, in its previous chapter 11 case. Berley anticipates that the funding will be provided by Ronald Petillo, USLR or Mr. Berger. General unsecured claims totaling $170,696 (which excludes Lenox Hill's $10 million disputed claim) will be paid in full over time. The claims will be paid equal quarterly principal and interest payments at the interest rate starting on the first day of the first month succeeding the effective date over 5 years. Berley anticipates that the class will be paid in full; however, there exists the possiblity that USLR and/or Mr. Berger may not provide the funding through the conclusion of the 5 years. Berger & Bornstein PA and USLR will not receive a distribution until after the other general unsecured creditors have been satisfied. A full-text copy of Berley's Third Amended Disclosure Statement dated Nov. 27, 2019, is available at https://is.gd/YBZ28f from PacerMonitor.com at no charge. About Pazzo Pazzo and Berley Associates Berley Associates Inc. was in the business of acquiring, owning and leasing real estate. Berley acquired property located at 62-74 Speedwell Avenue, Morristown, Morris County, New Jersey. Pazzo Pazzo Inc. became a tenant, operating an Italian restaurant in the property. In June 2014, Legal title of the Morris County property was transferred to Speedwell Ventures, LLC, as filed of a plan confirmed in Berleys' previous chapter 11 case. Pazzo Pazzo Inc., filed a Chapter 11 bankruptcy petition (Bankr. D.N.J. Case No. 18-13516) on Feb. 23, 2018, estimating under $1 million in assets and liabilities. Berley Associates, Ltd., sought Chapter 11 protection (Bankr. D.N.J. Case No. 18-13914) on Feb. 28, 2018, estimating at least $1 million in assets and liabilities. Lawrence Berger, Esq., at Berger & Bornstein, LLC, is the Debtors' counsel. BLACK RIDGE: Posts $9.1 Million Net Income in Third Quarter ----------------------------------------------------------- Black Ridge Oil & Gas, Inc., filed with the Securities and Exchange Commission its quarterly report on Form 10-Q reporting net income attributable to the Company of $9.08 million on $153,279 of total revenues for the three months ended Sept. 30, 2019, compared to net income attributable to the Company of $1.60 million on $0 of total revenues for the three months ended Sept. 30, 2018. For the nine months ended Sept. 30, 2019, the Company reported net income attributable to the company of $7.78 million on $153,279 of total revenues compared to net income attributable to the company of $438,431 on $0 of total revenues for the same period in 2018. As of Sept. 30, 2019, the Company had $14.32 million in total assets, $2.89 million in total liabilities, and $11.42 million in total stockholders' equity. Net cash used in operating activities was $9,759,160 for the nine months ended Sept. 30, 2019, and net cash provided by operating activities was $473,366 for the nine months ended Sept. 30, 2018, a period over period decrease of $10,232,526. The decrease was primarily due to net settlement income $2,137,500 received in 2018, and an increase of $6,342,561 in net losses in discontinued operations of BRAC due primarily to the recognition of $7,917,500 of contingent fees upon BRAC's business combination. Changes in working capital from continuing operating activities resulted in a decrease in cash of $181,718 in the nine months ended Sept. 30, 2019, as compared to a decrease in cash of $11,218 for the same period in the previous year. Net cash provided by investing activities were $6,888,299 and $187,773 for the nine months ended Sept. 30, 2019 and 2018, respectively. In 2019, cash disposed upon deconsolidation resulted in a decrease of $9,992,493. In the 2019 and 2018 periods, cash provided from discontinued operations of $16,880,792 and $187,773, respectively, was the result of transfers and withdrawals from the Trust Account. Net cash provided by financing activities was $1,431,974 and $450 for the nine months ended Sept. 30, 2019, and nine months ended Sept. 30, 2018, respectively. All of the 2019 activity was the result of activities in the discontinued operations of BRAC. Going Concern Uncertainty As of Sept. 30, 2019, the Company had a cash balance of $64,613 and total working capital of negative $2,620,633. The Company's management consulting agreement with BRAC calls for management fees of $313,316 from Oct. 1, 2019 through Dec. 31, 2019 and does not continue into 2020. Based on projections of cash expenditures in the Company's current business plan, the cash on hand would be insufficient to fund the Company's general and administrative expenses over the next year. Black Ridge said, "We continue to pursue sources of additional capital through various financing transactions or arrangements, including joint venturing of projects, equity or debt financing or other means. We may not be successful in identifying suitable funding transactions in a sufficient time period or at all, and we may not obtain the capital we require by other means. If we do not succeed in raising additional capital, our resources may not be sufficient to fund our business." The report of the Company's independent registered public accounting firm that accompanies its audited consolidated financial statements in the Company's Annual Report on Form 10-K contains an explanatory paragraph regarding the substantial doubt about the Company's ability to continue as a going concern. A full-text copy of the Form 10-Q is available for free at: https://is.gd/IJTv2l About Black Ridge Black Ridge Oil & Gas -- http://www.blackridgeoil.com/-- is focused on acquiring, investing in, and managing the oil and gas assets for its partners. The Company continues to pursue asset acquisitions in all major onshore unconventional shale formations that may be acquired with capital from its existing joint venture partners or other capital providers. Additionally, as the sponsor and manager of Black Ridge Acquisition Corp., the Company is focused on assisting BRAC in its efforts to identify a prospective target business for a merger, share exchange, asset acquisition or other similar business combination. Black Ridge is based in Minneapolis, Minnesota. Black Ridge reported a net loss attributable to the Company of $344,014 for the year ended Dec. 31, 2018, compared to a net loss attributable to the Company of $392,529 for the year ended Dec. 31, 2017. As of June 30, 2019, the Company had $142.42 million in total assets, $274,843 in total liabilities, $141.92 million in redeemable non-controlling interest, and $222,469 in total stockholders' equity. M&K CPAS, PLLC, in Houston, Texas, the Company's auditor since 2010, issued a "going concern" qualification in its report on the consolidated financial statements for the year ended Dec. 31, 2018, citing that the Company suffered a net loss from operations and negative cash flows from operations, which raise substantial doubt about its ability to continue as a going concern. BUANNO TRANSPORT: Jan. 28, 2020 Disclosure Statement Hearing Set ---------------------------------------------------------------- Buanno Transport Company, Inc., filed with the U.S. Bankruptcy Court for the Northern District of New York a disclosure statement referring to the plan filed on Nov. 5, 2019. On Dec. 5, 2019, Judge Diane Davis ordered that: * Jan. 28, 2020, at the Alexander Pirnie Federal Building, 10 Broad Street, Utica, New York 13501 is the hearing to consider the approval of the Disclosure Statement. * Jan. 21, 2020, is fixed as the last day for filing and serving written objections to the Disclosure Statement. A full-text copy of the Order is available at https://tinyurl.com/t34764y from PacerMonitor.com at no charge. About Buanno Transport Company Since 2006, Buanno Transport Company, Inc., d/b/a BTA, has been in the business of providing ground transportation services to various companies desirous of moving goods from one location to another. BTA sought Chapter 11 protection (Bankr. N.D.N.Y. Case No.18-60283) on March 7, 2018. In the petition signed by Peter Buanno, president, the Debtor was estimated to have $100,000 to $500,000 in assets and $1 million to $10 million in estimated liabilities. The case is assigned to Judge Diane Davis. The Debtor tapped Stephen J. Waite, Esq., at Waite & Associates, P.C., as its legal counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case. CAPSON CORP: Hires Milliman Inc. as Actuarial Consultant -------------------------------------------------------- Capson Corp., and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Western District of Texas to employ Milliman, Inc., as actuarial consultant to the Debtors. Capson Corp. requires Milliman Inc. to prepare an actuarial study for Capson Physicians Insurance Company ("CPIC"), a subsidiary of the Debtors currently in liquidation. Milliman Inc. will be paid a flat fee of $22,000-$28,000. Milliman Inc. will be paid a retainer in the amount of $25,000. Milliman Inc. will also be reimbursed for reasonable out-of-pocket expenses incurred. Joy Schwartzman, partner of Milliman, Inc., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Milliman Inc. can be reached at: Joy Schwartzman Milliman, Inc. One Pennsylvania Plaza, 38th Floor New York, NY 10119 Tel: (646) 473-3000 Fax: (646) 473-3499 About Capson Corp. Capson Corp., based in Austin, TX, and its affiliates sought Chapter 11 protection (Bankr. W.D. Tex. Lead Case No. 19-10890) on July 3, 2019. In the petitions signed by Matthew Downs, president, Capson Corp. was estimated to have assets of $10 million to $50 million and liabilities of $1 million to $10 million; affiliate Capson Physicians was estimated to have assets and liabilities of less than $50,000; and affiliate Capson Healthcare estimated had assets of up to $50,000 and liabilities of $1 million to $10 million. The Hon. Christopher H. Mott oversees the cases. Morris D. Weiss, Esq., at Waller Lansden Dortch & Davis, LLP, serves as bankruptcy counsel to the Debtors. No request for the appointment of a trustee or examiner has been made in the Chapter 11 cases, and no committees have been appointed or designated. CARDINAL HOMES: Taps American Legal as Claims and Noticing Agent ---------------------------------------------------------------- Cardinal Homes, Inc., and affiliate Alouette Holdings, Inc. seek permission from the U.S. Bankruptcy Court for the Eastern District of Virginia to employ American Legal Claim Services, LLC as the Debtors' noticing, claims and balloting agent. ALCS, at the request of the Debtors or the Bankruptcy Court Clerk's office, will provide these services as the Claims Agent: (a) Prepare and serve required notices in the Chapter 11 cases, including: (i) Notice of the commencement of this Chapter 11 case and the initial meeting of creditors under section 341(a) of the Bankruptcy Code; (ii) Notice of the claims bar date; (iii) Notice of objection to claims; (iv) Notice of any hearings on a motion to establish bidding procedures and approve the sale of substantially all assets of the Debtor; and (v) Other miscellaneous notices to any entities, as the Debtors or the Court may deem necessary or appropriate for an orderly administration of this Chapter 11 case; (b) After the mailing of a particular notice, file with the Clerk's office a certificate or affidavit of service that includes a copy of the notice involved, a list of persons to whom the notice was mailed and the date and manner of mailing; (c) Maintain copies of all proofs of claim filed; (d) Maintain an official claims register, including, among other things, the following information for each proof of claim; (i) The name and address of the claimant and any agent thereof, if the proof of claim was filed by an agent; (ii) The date received; (iii) Claim number assigned; and (iv) The asserted amount and classification of the claim; (e) Maintain an up-to-date mailing list for all entities that have filed a proof of claim or notice of appearance, which list shall be available upon request of a party in interest or the Clerk's office; (f) Provide access to the public for examination of copies of the proofs of claim without charge during regular business hours; (g) Record all transfers of claims pursuant to Bankruptcy Rule 3001(e) and provide notice of such transfers as required by Bankruptcy Rule 3001(e); (h) Provide balloting services in connection with the solicitation process for any chapter 11 plan for which a disclosure statement has been approved by the Court; and (i) Provide other claims processing, noticing and related administrative services as may be requested from time to time by the Debtor. Although the Debtor does not propose to retain ALCS under section 327 of the Bankruptcy Code, the firm's Jeffrey Pirrung represents that ALCS does not, by reason of any direct or indirect relationship to, connection with or interest in the Debtor, hold or represent any interest adverse to the Debtor, its estate or any class of creditors with respect to the matters upon which it is to be engaged. Based upon the Pirrung Declaration, ALCS is a disinterested person as that term is defined in section 101(14) of the Bankruptcy Code. About Cardinal Homes Cardinal Homes, Inc. -- https://www.cardinalhomes.com -- manufactures made-to-order, modular building components for a growing client list of building contractors engaged in residential and light commercial construction projects. Cardinal Homes filed for Chapter 11 bankruptcy protection (Bankr. E.D. Va. Case No. 19- 36275) on December 2, 2019. The Hon. Kevin R. Huennekens oversees the case. In its petition, the Debtor estimated $1 million to $10 million in both assets and liabilities. Cardinal Homes was formed in 1970 and is a wholly-owned subsidiary of Alouette Holdings, Inc., the debtor in Case No. 19-36126-KRH, pending in the U.S. Bankruptcy Court for the Eastern District of Virginia. The petitions were signed by Bret A. Berneche, CEO. The Debtors are represented by Michael E. Hastings, Esq., at Whiteford Taylor & Preston, LLP. CDT DE SAN SEBASTIAN: Seeks to Hire Jose R. Cintron as Counsel -------------------------------------------------------------- CDT De San Sebastian Inc., seeks authority from the U.S. Bankruptcy Court for the District of Puerto Rico to employ the Law Office of Jose R. Cintron, as counsel to the Debtor. CDT San Sebastian requires Jose R. Cintron to: a. prepare all Court documents; b. appear at the 341 meeting of creditors and other Court hearings; c. assisit in accounting, tax & financial analyses; d. assist in the preparation of a Plan & Disclosure Statement; e. assist in the preparation and litigation of adversary proceedings, objections to claims, among other things. Jose R. Cintron will be paid at the hourly rate of $150. Jose R. Cintron will be paid a retainer in the amount of $5,000. Jose R. Cintron will also be reimbursed for reasonable out-of-pocket expenses incurred. Jose R. Cintron, partner of the Law Office of Jose R. Cintron, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Jose R. Cintron can be reached at: Jose R. Cintron, Esq. LAW OFFICE OF JOSE R. CINTRON Calle Condado 605, Suite 602 Santurce, Puerto Rico 00907 Tel: (787) 725-4027 Fax: (787) 725-1709 About CDT De San Sebastian Inc. CDT De San Sebastian Inc. is a tax-exempt entity that operates an outpatient care center in San Sebastian, Puerto Rico. CDT De San Sebastian sought Chapter 11 protection (Bankr. D.P.R. Case No. 19-06636) on Nov. 13, 2019. The Debtor was estimated to have $1 million to $10 million in assets and liabilities. The Hon. Brian K. Tester is the case judge. Jose Ramon Cintron, Esq., in San Juan, Puerto Rico, is the Debtor's counsel. CLINTON NURSERIES: CN Trust Funding Raised to $200K --------------------------------------------------- Clinton Nurseries, Inc., Clinton Nurseries of Maryland, Inc., Clinton Nurseries of Florida, Inc., and Triem LLC filed a Modified First Amended Joint Plan of Reorganization. The Modified Plan raises the amount of funding for the CN Trust, the trust established for creditors on the Effective Date in accordance with the Plan. The initial funding of the CN Trust is being raised from $50,000 to $200,000, CN Trust Initial Cash will now be $200,000 in cash to be funded by the Debtors (a) $100,000 on the Effective Date and (b) $100,000 on or before April 1, 2020. The CN Trust Assets will comprise of avoidance actions, the CN Trust Initial Cash and all other cash distributed to the CN Trust by the Debtors pursuant to the terms of the Plan. The Plan contemplates an "Unsecured Claim Annual Payment" of $200,000 for unsecured creditors, to paid by the Debtors on June 1 of each year following the Effective Date for 10 years (June 1, 2020 through June 1, 2029). Unsecured creditors will also receive their pro rata share of net proceeds from any avoidance actions of a Debtor against which such holder has a claim. Warren/Ann Richards will not receive any share of the net proceeds from any avoidance actions. The Estate of Warren Richards and Ann Richards hold claims filed against CNI, CNF and CNM in the amount of $4,780,660.87. A full-text copy of the Modified First Amended Joint Plan of Reorganization dated Dec. 4, 2019, is available at https://tinyurl.com/rlejfg6 from PacerMonitor.com at no charge. Counsel for the Debtors: Eric Henzy ZEISLER & ZEISLER, P.C. 10 Middle Street, 15th Floor Bridgeport, CT 06604 Tel: (203) 368-4234 E-mail: ehenzy@zeislaw.com About Clinton Nurseries Founded in 1921, Clinton Nurseries, Inc., operates nurseries that produce ornamental plants and other nursery products. The company grows trees, flowering shrubs, roses, ornamental grasses & ground covers, perennials, annuals, herbs and vegetables. Clinton Nurseries is based in Westbrook, Connecticut. Clinton Nurseries and its affiliates sought Chapter 11 protection (Bankr. D. Conn. Case No. 17-31897) on Dec. 18, 2017. David Richards, president, signed the petition. The cases are jointly administered under Case No. 17-31897. At the time of filing, Clinton Nurseries has estimated assets and liabilities at $10 million to $50 million. Judge James J. Tancredi oversees the cases. Zeisler & Zeisler, P.C. is the Debtors' legal counsel. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. The committee tapped Green & Sklarz LLC as its legal counsel. CORDOVACANN CORP: Incurs CAD900,000 Net Loss for Sept. 30 Quarter ----------------------------------------------------------------- CordovaCann Corp. (formerly LiveReel Media Corporation) filed its Form 6-K, disclosing a net loss of CAD900,325 on CAD0 of revenue for the three months ended Sept. 30, 2019, compared to a net loss of CAD960,879 on CAD0 of revenue for the same period in 2018. At Sept. 30, 2019, the Company had total assets of CAD4,629,666, total liabilities of CAD4,842,883, and CAD213,217 in total shareholders' deficiency. There is substantial doubt about the Company's ability to continue as a going concern as the Company incurred a comprehensive loss of CAD914,457 (September 30, 2018 – CAD960,994) during the three months ended September 30, 2019 and has a total accumulated deficit of CAD20,490,021 (June 30, 2019 – CAD19,570,801) as at September 30, 2019. The Company's ability to continue as a going concern is dependent upon its ability to access sufficient capital until it has profitable operations and raises a material concern. To this point, all operational activities and overhead costs have been funded through equity issuances, debt issuances and related party advances. A copy of the Form 6-K is available at: https://is.gd/1gUrZR CordovaCann Corp. (formerly LiveReel Media Corporation), a cannabis-focused consumer products company, primarily provides services and investment capital to the processing and production vertical markets of the cannabis industry. The company was formerly known as LiveReel Media Corporation and changed its name to CordovaCann Corp. in January 2018. CordovaCann Corp. was founded in 1997 and is headquartered in Toronto, Canada. COUNTRY MORNING FARMS: Insists on Non-Default Rates for Bank ------------------------------------------------------------ Country Morning Farms, Inc. and Country Morning Farms Cattle, LLC, filed a Second Amended Disclosure Statement, to disclose that the Debtors' Plan treatment for Bank of the West provides non-default rates of interest for the above loans. Non-equipment loans will be amortized at 6%, which is the highest rate called for all loans, and represents a reasonable rate of return for the Bank. It is anticipated however; the Bank will attempt to assert that its unreasonably high default rate of interest of 10.25% should be paid. If interest rates on Bank of the West's real estate secured debt were the default rate, the impact on Debtors' ability to perform to plan would be negatively impacted. Monthly cash outlay for debt service would increase by an estimated $27,800, resulting in ending cash balances each year lower than currently set forth in the budget. The cash balance at year end 2020 would be $333,600 less than planned, $667,200 less than planned in 2021, and $1,000,800 less than planned in 2022. It should be noted however, even with such changes, there is still ample revenue to fund the proposed Plan. However, paying the Bank at its default rate would give it an unreasonable windfall, potentially to the detriment of other creditors and the bankruptcy estate. A full-text copy of the Second Amended Disclosure Statement dated December 4, 2019, is available at https://tinyurl.com/rua8em7 from PacerMonitor.com at no charge Attorneys for the Debtors: William L. Hames John W. O'Leary Hames, Anderson, Whitlow & O'Leary, P.S. 601 W. Kennewick Avenue P.O. Box 5498 Kennewick, WA 99336-0498 Tel: (509) 586-7797 Fax: (509) 586-3674 E-mail: billh@hawlaw.com johno@hawlaw.com About Country Morning Farms Country Morning Farms, Inc., is a privately held company in the cattle ranching and farming business. Country Morning Farms grows its own feeds, milk its own cows, and delivers fresh dairy products to its customers. Country Morning Farms filed a Chapter 11 petition (Bankr. E.D. Wash. Case No. 19-00478) on March 1, 2019. The petition was signed by Robert Gilbert, vice president. The case is assigned to Judge Frederick P. Corbit. The Debtor is represented by siam L. Hames, Esq. at Hames, Anderson, Whitlow & O'Leary. At the time of filing, the Debtor disclosed $6,421,269 in assets and $10,586,970 in liabilities. Gregory Garvin, acting U.S. trustee for Region 18, on April 2, 2019, appointed two creditors to serve on an official committee of unsecured creditors. CREATIVE GLOBAL: Jiae Lee Say Disclosure Statement Misleading ------------------------------------------------------------- Creditor Jiae Lee objects to the adequacy of disclosures contained in the combined Disclosure Statement and Plan of Reorganization filed by Creative Global Investment, Inc., CGI Gaju LLC and CGI Paramount LLC. Creditor points out that the Plan falls far short of the requirement for approving a Disclosure Statement because it is misleading and incomplete in numerous respects. As a result, it does not provide sufficient information to enable a hypothetical reasonable investor (typical of holders of claims and interest against the Debtor) to make an informed decision on his proposed Plan. "The Plan should prominently disclose Damon Lee's use of CGI as an instrument to defraud creditors such as Mr. Song and Jiae Lee. This is particularly true given Damon Lee, the CEO and sole shareholder of CGI, has remained in control of CGI's operations throughout these bankruptcy proceedings and helped formulate the Plan, which gives 50% ownership in and operational control over Reorganized CGI to his son, Jeffrey Lee, even though Jeffrey Lee appears to be contributing little to no operating capital in exchange for this ownership interest. Instead, the Plan is silent on Damon Lee's fraudulent activity," Jiae Lee said in the objection. Jiae Lee, a resident and citizen of Korea, is a creditor of CGI. In September of 2016, Damon Lee, CGI, and Grace Min (a Class 5 Lender) allegedly fraudulently induced Jiae Lee to give over $600,000 of her personal savings under the guise of a purported "investment" in a Coffee Bean & Tea Leaf franchise to be opened at Children's Hospital Los Angeles. A full-text copy of the objection from PacerMonitor.com is available at: https://is.gd/ZKeTzS Attorneys for Creditor Jiae Lee: Caroline A. H. Sayers LATHROP GAGE LLP 1888 Century Park East, Suite 1000 Los Angeles, CA 90067 Telephone: (310) 789-4600 Facsimile: (310) 789-4601 E-mail: csayers@lathropgage.com About Creative Global Investment Creative Global Investment Inc. is a privately held company engaged in financial investment activities. Creative Global Investment sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-13044) on March 20, 2019. At the time of the filing, the Debtor disclosed $36,691 in assets and $5,388,873 in liabilities. The case has been assigned to Judge Sandra R. Klein. Levene, Neale, Bender, Yoo & Brill LLP is the Debtor's legal counsel. CW WELDING: Unsecureds Only Get $24,000 Per Year for 3 Years ------------------------------------------------------------ CW Welding & Fabrication, LLC ("Parent Co. Debtor"), and CW Equipment, LLC and CW Fabrication, LLC, filed an amended joint chapter 11 plan of reorganization and a disclosure statement. According to the Amended Disclosure Statement, the Plan provides that: * Class 3: MWB Secured Claim. IMPAIRED. Total claim $117,300.00. In satisfaction of such claim, it will be entitled to receive monthly payments of $2844.27 at a rate of 5% per annum, which is 0.5% lower than the original contract rate of interest, with payments to begin no later than 30 days after the Effective Date. * Class 4: General Unsecured Claims. IMPAIRED. Total claim $1,013,658.32. Each Holder of a Class 4 Claim will receive its pro rata share of $24,000 per year on the first, second and third anniversary of the effective date. * Class 5: Equity Interests. IMPAIRED. Jensine Cole has agreed to forfeit her equity interest in each Debtor on the effective date of the Plan. In consideration for his equity in the Debtors, Neil D. Cole has agreed to: (a) forfeit an administrative expense claim against the Debtors for rent due prior to the Effective Date; and (b) work as general manager of the Debtors for a reduced fixed salary of $1700 per month for three years in exchange for a 100% ownership interest in the Debtor. The Debtor will have enough cash on hand on the effective date to pay all of the claims and expenses that are entitled to be paid on that date. A full-text copy of the Amended Disclosure Statement dated Dec. 4, 2019, is available at https://tinyurl.com/u8qanps from PacerMonitor.com at no charge Counsel for the Debtors: Karl Johnson Briggs and Morgan P.A. 2200 IDS Center 80 South 8th Street Minneapolis, MN 55402 Tel: (612) 977-8400 E-mail: kjohnson@briggs.com - and - Kesha L. Tanabe TANABE LAW 4304 34th Ave. S. Minneapolis, MN 55406 Telephone: (612) 735-0188 E-mail: kesha@tanabelaw.com About CW Welding & Fabrication CW Welding and Fabrication -- https://www.cwweld.net/ -- is a locally owned and operated welding and fabrication company located in Southwestern Minnesota. The Company also custom builds trailers, fish-house frames, agricultural products, grain chutes/transitions, rock boxes, and other specialty equipment. CW Welding & Fabrication, LLC, CW Equipment, LLC, CW Fabrication, LLC, and CW, LLC, filed voluntary petitions seeking relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Minn. Lead Case No. 19-30650) on March 6, 2019. The petitions were signed by Neil D. Cole, president. CW Welding estimates $405,588 in total assets and $1,586,406 in total liabilities. The Debtors tapped Karl J. Johnson, Esq., at Hellmuth & Johnson, PLLC, and Kesha Tanabe, Esq., at Tanabe Law, as bankruptcy attorneys; and Briggs and Morgan, P.A., as co-counsel. CYTODYN INC: Signs License Agreement with Vyera Pharma ------------------------------------------------------ CytoDyn Inc. and Vyera Pharmaceuticals, LLC have entered into a Commercialization and License Agreement and a related Supply Agreement to commercialize leronlimab (PRO 140) in the U.S. for the treatment of HIV. Under the terms of the CLA, CytoDyn will maintain responsibility for the development and FDA approval of leronlimab for all HIV-related and other indications, while Vyera has been granted an exclusive license to market and distribute leronlimab in the U.S. for the treatment of HIV. In exchange for such exclusive license, Vyera has agreed to pay upfront and regulatory and sales-based milestone payments of up to $87.5 million, as well as a royalty of 50 percent on net sales. Vyera also agreed to make an investment in CytoDyn of $4 million in the form of registered CytoDyn common stock. It is anticipated that these agreements will enable CytoDyn to leverage Vyera's well-established commercial infrastructure and highly-experienced sales team for the launch and commercialization of leronlimab and provide Vyera with a complimentary and novel product to bolster its pipeline of therapies for the treatment of infectious diseases. "This agreement helps complete the strategic objective to further establish CytoDyn as a leader in efforts to enhance the lives of patients through target-specific medicine," said Nader Pourhassan, Ph.D., CytoDyn's president and chief executive officer. "Vyera's focus on developing therapies for patients living with serious and neglected diseases make them an ideal partner for this collaboration. We are excited to work with Vyera to leverage their platforms and capabilities to potentially offer a more effective treatment option for this HIV population." Averill L. Powers, chief executive officer of Phoenixus AG, Vyera's parent company, noted: "Vyera's collaboration with CytoDyn demonstrates our commitment to address the needs of significant patient populations across our group companies generally and, in particular, a new level of our commitment to supporting patients living with HIV." About CytoDyn Inc. Headquartered in Vancouver, Washington, CytoDyn Inc. -- http://www.cytodyn.com/-- is a clinical-stage biotechnology company focused on the clinical development and potential commercialization of humanized monoclonal antibodies to treat HIV infection. Its lead product candidate, PRO 140, belongs to a class of HIV therapies known as entry inhibitors that block HIV from entering into and infecting certain cells. The Company believes that monoclonal antibodies are a new emerging class of therapeutics for the treatment of HIV to address unmet medical needs in the area of HIV and other immunologic indications, such as Graft versus Host Disease and certain types of cancer. Cytodyn reported a net loss of $56.18 million for the year ended May 31, 2019, compared to a net loss of $50.14 million for the year ended May 31, 2018. As of May 31, 2019, the Company had $20.87 million in total assets, $29.78 million in total liabilities, and a total stockholders' deficit of $8.91 million. Warren Averett, LLC, in Birmingham, Alabama, the Company's auditor since 2007, issued a "going concern" qualification in its report dated Aug. 14, 2019, on the Company's consolidated financial statements for the year ended May 31, 2019, citing that the Company incurred a net loss of approximately $56,187,000 for the year ended May 31, 2019 and has an accumulated deficit of approximately $229,363,000 through May 31, 2019, which raises substantial doubt about its ability to continue as a going concern. CYTOSORBENTS CORP: CMO Will Get $119K in Separation Pay ------------------------------------------------------- CytoSorbents Corporation entered into a separation agreement and release with Dr. Eric Mortensen in connection with the previously announced departure of Dr. Mortensen from his position as the Company's chief medical officer effective as of Dec. 31, 2019. Pursuant to the Separation Agreement, Dr. Mortensen will receive a lump sum separation payment of $118,650, less applicable taxes, withholdings and legally required deductions, payable on or after Jan. 1, 2020 and before Jan. 30, 2020. Additionally, if Dr. Mortensen elects continuing health coverage under COBRA, the Company will pay the carrier the same employer premium percentage contribution as in effect on Dec. 31, 2019 for a period of twelve months, provided that Dr. Mortensen remains eligible for COBRA benefits and does not qualify for health coverage under another employer plan. The Separation Agreement also includes customary confidentiality, cooperation and non-disparagement covenants as well as a general release. 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 Sept. 30, 2019, the Company had $28.68 million in total assets, $21.95 million in total liabilities, and $6.73 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. Furthermore, 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. DESERT HAWK: Incurs $92,000 Net Loss for Sept. 30, 2018 Quarter --------------------------------------------------------------- On Dec. 19, 2019, Desert Hawk Gold Corp. filed its quarterly report on Form 10-Q, disclosing a net loss (attributable to common shareholders) of $91,772 on $211,812 of revenue for the three months ended Sept. 30, 2018, compared to a net loss (attributable to common shareholders) of $860,117 on $80,485 of revenue for the same period in 2017. Also on Dec. 19, 2019, the Company filed its Form 10-Q documents with the SEC for the quarterly period ended March 31, 2018, and for the quarterly period ended June 30, 2018. At Sept. 30, 2018, the Company had total assets of $7,530,741, total liabilities of $5,004,657, and $2,526,084 in total stockholders' equity. The Company had an accumulated deficit of US$4,495,024 through September 30, 2018 and negative working capital of US$3,485,974 which raises substantial doubt about the Company's ability to continue as a going concern. A copy of the Form 10-Q is available at: https://is.gd/6k87NJ Desert Hawk Gold Corp. explores for gold and silver deposits from its Kiewit property. The company was formerly known as Lucky Joe Mining Company and changed its name to Desert Hawk Gold Corp. in April 2009. Desert Hawk Gold Corp. was incorporated in 1957 and is based in Reno, Nevada. DRAGON HOPS: Unsecureds to Have 30% Recovery Over 5 Years --------------------------------------------------------- Debtor Dragon Hops Brewing, LLC filed with the U.S. Bankruptcy Court for the Eastern District of Virginia, Alexandria Division, a Chapter 11 plan and a disclosure statement. General unsecured creditors in Class 4 will receive a pro rata distribution of $100,000, payable quarterly over a period of five years, commencing on the Effective Date. The Debtor estimates this will result in a 30% recovery to Creditors in this Class. Members of the Debtor in Class 5 will retain their ownership interest in the Debtor in the same proportion as existed on the Petition Date. Will and Alex Warthen, who together hold an 18% interest in DHB, initially lent $70,000 in which loan is secured by a lien on the brewing equipment. The Warthens subsequently lent an additional $65,000, which is unsecured. Lauri and Elzie Sisney, who hold a 5% interest in DHB, lent the Company $75,000 in December 2017 and an additional $100,000 in February 2018. In addition, Lauri has filed a claim in the amount of $6,104 for amounts advanced on the DHB’s behalf during operations. The Debtor intends to continue to operate its business. It currently employs Emily Marielle Coryell and Ryan Wilton. Ms. Coryell holds a 53% interest in the Debtor; Mr. Wilton a 10% interest. Both work well in excess of 40 hours a week, and neither have taken compensation during the chapter 11 case. Both will continue to work for the Debtor after confirmation. Funding for the Plan will come from cash on hand, future revenues of the Debtor and sale of Debtor’s assets not being utilized in the business operations. A full-text copy of the Disclosure Statement is available at https://tinyurl.com/tu5ebo5 from PacerMonitor.com at no charge. The Debtor is represented by: Ann E. Schmitt Culbert & Schmitt, PLLC 40834 Graydon Manor, SE Leesburg, Virginia 20175 Tel: (703) 737-6377 E-mail: aschmitt@culbert-schmitt.com About Dragon Hops Brewing Dragon Hops Brewing LLC, a brewery and restaurant based in Purcellville, Virginia, filed a voluntary Chapter 11 petition (Bankr. E.D. Va. Case No. 19-10426) on Feb. 9, 2019, listing under $1 million in both assets and liabilities. The case has been assigned to Judge Brian F. Kenney. Ann E. Schmitt, Esq., at Culbert & Schmitt, PLLC, is serving as the Debtor's counsel. EAST END BUS LINES: PNC Says Plan Undervalues Vehicles ------------------------------------------------------ PNC Equipment Finance objects to the disclosure statement filed by debtors East End Bus Lines, et al., and their plan of reorganization. On or about March 21, 2016 and August 9, 2016, East End Bus Lines and a company called Element Financial Corp. entered into two term loan, guarantee and security agreement pursuant to which Element loaned to the Debtor the total sum of $5,486,315.33. As security for repayment of the loans, the Debtor gave to Element a first security interest in 62 buses owned by the Debtor, which security interest has been properly perfected. As of the Petition Date, the sum of $4,010,618.94 (consisting of $3,785,487.58 of principal, $149,421.61 of interest and $75,709.75 in pre-payment premiums) remained due and owing from the Debtor under the Agreements. In the Debtors' recently filed Disclosure Statement, the Debtors contend that the Vehicles have a value of only $1,600,000. PNC had the Vehicles appraised in or about December of 2018. That appraisal indicated the Vehicles have an estimated fair market value of $4,268,600.00 and an orderly liquidation value of $3,286,000.00. Therefore, PNC objects to the debtors' Disclosure Statement to the extent that it: (i) attributes a value to the Vehicles less than $4,268,600.00; (ii) values PNC's lien at an amount less than $4,268,600.00 and (iii) provides for a reduced amount necessary to satisfy PNC's claims in the within bankruptcy proceeding. Attorneys for PNC Equipment Finance: Peter B. Foster, Esq. FOSTER & WOLKIND, P.C. 80 Fifth Avenue, Suite 1401 New York, New York 10011-8002 Tel: (212) 691-2313 About East End Bus Lines East End Bus Lines Inc. and its subsidiaries -- https://www.eastendbus.com/ -- offer bus transportation services for students. East End Bus Lines and Montauk Student Transport are dedicated to providing cost-effective solutions for transportation requirements for private schools, public schools, charter trips, and camping events. Founded in 2007, East End Bus Lines was later joined by Montauk Student Transport under the guidance of John Mensch. East End Bus Lines and its subsidiaries, namely, Montauk Student Transport LLC, and Montauk Transit Service LLC, filed voluntary Chapter 11 petitions (Bankr. E.D.N.Y. Lead Case No. 18-76176) on Sept. 13, 2018. In the petitions signed by John Mensch, president, East End Bus Lines and Montauk Student Transport were each estimated to have up to $50,000 in assets and $10 million to $50 million in liabilities while Montauk Transit Service was estimated to have up to $50,000 in assets and $1 million to $10 million in liabilities. The Debtors tapped Weinberg, Gross & Pergament LLP as their legal counsel, and Giambalvo, Stalzer & Company, CPA's, PC, as their accountant. The Debtors hired Littler Mendelson PC, as special counsel to represent them in labor relations matters. No official committee of unsecured creditors has been appointed. ELM HEATING: Plan & Disclosure's Status Date Reset to Jan. 28, 2020 ------------------------------------------------------------------- On motion of the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, sua sponte and at the request of the parties, the status date for the report on the Plan and Disclosure Statement is rescheduled from Jan. 7, 2020, at 10:30 a.m. to Jan. 28, 2020, at 10:30 a.m. About Elm Heating & Cooling Elm Heating & Cooling, Incorporated, is a provider of heating, ventilating and air conditioning services in River Grove, Illinois. Elm Heating & Cooling sought Chapter 11 protection (Bankr. N.D. Ill. Case No. 19-22960) on Aug. 14, 2019, in Chicago, Illinois. In the petition signed by Melanie Powers, owner, the Debtor was estimated to have $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Benjamin A. Goldgar. BACH LAW OFFICES, INC., represents the Debtor. EM POLICIA: Seeks Extension for Plan & Disclosure Filing -------------------------------------------------------- EM Policia Privada, Inc., asked the Court to extend by 60 days its Dec. 5, 2019 deadline to file a Plan and Disclosure Statement. A Request for Extension of Time to File Disclosure Statement and Plan was filed due to specific situations that must be dealt with regarding proof of claim #3 filed by the Internal Revenue Service (IRS) and proof of claim #4 filed by the Puerto Rico Department of Treasury (Treasury). As indicated in the first request for extension of time, appointed CPA, Luis Cruz, visited the Department of Treasury in order to discuss the situation and clarify the amounts due in two occasions. At the last visit on Nov. 15, 2019, additional forms and documents were requested and as of this date Debtor still does not know how much the amounts claimed will be. The alternative of filing an objection to proof of claim #4 may still be considered if the amounts are not determined by Treasury. The Debtor is represented by: NILDA M. GONZALEZ-CORDERO P.O. Box 3389 Guaynabo, Puerto Rico 00970 Tel: (787)721-3437 (787)724-2480 E-mail: ngonzalezc@ngclawpr.com About EM Policia Privada, Inc. Based in Bayamon, Puerto Rico, EM Policia Privada, Inc. filed a petition under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 19-02293) on April 26, 2019, listing under $1 million in both assets and liabilities. The Debtor is represented by NildaGonzalez-Cordero Law Offices. GOGI GRILL: Seeks to Hire Morrison Tenenbaum as Counsel ------------------------------------------------------- Gogi Grill Chelsea LLC a/k/a Gogi Grill, seeks authority from the U.S. Bankruptcy Court for the Southern District of New York to employ Morrison Tenenbaum PLLC, as counsel to the Debtor. Gogi Grill requires Morrison Tenenbaum to: a. advise the Debtor with respect to its powers and duties as debtor-in-possession in the management of its estate; b. assist in any amendments of Schedules and other financial disclosures and in the preparation/review/amendment of a disclosure statement and plan of reorganization; c. negotiate with the Debtor's creditors and taking the necessary legal steps to confirm and consummate a plan of reorganization; d. prepare on behalf of the Debtor all necessary motions, applications, answers, proposed orders, reports and other papers to be filed by the Debtor in this case; e. appear before the Bankruptcy Court to represent and protect the interests of the Debtor and its estate; and f. perform all other legal services for the Debtor that may be necessary and proper for an effective reorganization. Morrison Tenenbaum will charge these hourly rates: Lawrence Morrison, Esq. $525 Brian J. Hufnagel $425 Associates $380 Paraprofessionals $175 On August 27, 2019, Morrison Tenenbaum received $9,500 as an initial retainer fee from a third party who will be submitting a Lar-Dan affidavit. Morrison Tenenbaum will also be reimbursed for reasonable out-of-pocket expenses incurred. Lawrence F. Morrison, Esq., a partner at Morrison Tenenbaum, PLLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Morrison Tenenbaum can be reached at: Lawrence F. Morrison, Esq. Brian J. Hufnagel, Esq. MORRISON TENENBAUM PLLC 87 Walker Street, Floor 2 New York, NY 10013 Tel: (212) 620-0938 About Gogi Grill Chelsea Gogi Grill Chelsea LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No. 19-12932) on Sept. 10, 2019, estimating under $1 million in both assets and liabilities. The Debtor is represented by Morrison Tenenbaum PLLC, as counsel. GOGO INC: Incurs $22.9 Million Net Loss in Third Quarter -------------------------------------------------------- Gogo Inc. filed with the Securities and Exchange Commission its quarterly report on Form 10-Q reporting a net loss of $22.89 million on $201.18 million of total revenue for the three months ended Sept. 30, 2019, compared to a net loss of $37.72 million on $217.26 million of total revenue for the three months ended Sept. 30, 2018. "Gogo delivered a solid third quarter, highlighted by continued strong operational execution and successful implementation of cost controls," said Oakleigh Thorne, Gogo's president and CEO. "As a result, we are again raising our 2019 Adjusted EBITDA guidance." "Gogo generated a record $33.8 million in Free Cash Flow in the third quarter driven by strong Adjusted EBITDA growth and continuing working capital improvements," said Barry Rowan, Gogo's executive vice president and CFO. "As we have previously guided, we expect to improve Free Cash Flow by at least $100 million in 2019 compared to 2018." For the nine months ended Sept. 30, 2019, the Company reported a net loss of $123.65 million on $614.42 million of total revenue compared to a net loss of $102.34 million on $676.54 million of total revenue for the nine months ended Sept. 30, 2018. As of Sept. 30, 2019, the Company had $1.28 billion in total assets, $1.66 billion in total liabilities, and a total stockholders' deficit of $382.83 million. Gogo Inc. said, "We have historically financed our growth and cash needs primarily through the issuance of common stock, non-convertible debt, senior convertible preferred stock, convertible debt, term facilities and cash from operating activities. We continually evaluate our ongoing capital needs in light of increasing demand for our services, capacity requirements, evolving technologies in our industry and related strategic, operational and technological opportunities. We actively consider opportunities to raise additional capital in the public and private markets utilizing one or more of the types of capital raising transactions through which we have historically financed our growth and cash needs, as well as other means of capital raising not previously used by us." A full-text copy of the Form 10-Q is available for free at: https://is.gd/kiAZTT About Gogo Gogo Inc. -- http://www.gogoair.com/-- is a global provider of broadband connectivity products and services for aviation. The Company designs and sources innovative network solutions that connect aircraft to the Internet and develop software and platforms that enable customizable solutions for and by its aviation partners. Gogo's products and services can be found on thousands of aircraft operated by global commercial airlines and thousands of private aircraft, including those of the largest fractional ownership operators. Gogo is headquartered in Chicago, IL, with additional facilities in Broomfield, CO, and locations across the globe. Gogo reported a net loss of $162.03 million for the year ended Dec. 31, 2018, compared to a net loss of $172.0 million for the year ended Dec. 31, 2017. * * * As reported by the TCR on April 18, 2019, Moody's Investors Service changed the outlook on Gogo Inc. to stable from negative. Concurrently, Moody's affirmed Gogo's corporate family rating at Caa1. Moody's said that despite the improvement in liquidity, Gogo's Caa1 CFR remains warranted given the company's high leverage which Moody's expects at around 9.9x (Moody's adjusted debt/EBITDA) by end 2019 along with the continued need for Gogo to invest heavily in technology and equipment installs to pursue its growth ambitions outside of North America. Gogo's Caa1 also reflects the company's small scale relative to other players in the wider telecommunications industry as well as the highly competitive environment it operates in. S&P Global Ratings affirmed its 'CCC+' issuer credit rating on Gogo Inc, according to a TCR report dated April 19, 2019. S&P said the company's proposed refinancing of the Company's capital structure will boost its short-term liquidity by extending the maturity profile of its obligations but the rating agency expects the company to burn cash over the next year. The rating agency said it affirmed its 'CCC+' issuer credit rating because it does not envision a default within the next year. GOLDEN DEVELOPING: Expected Future Losses Cast Going Concern Doubt ------------------------------------------------------------------ Golden Developing Solutions, Inc., filed its quarterly report on Form 10-Q, disclosing a net loss (attributable to the Company) of $2,642,838 on $629,857 of revenue for the three months ended Sept. 30, 2019, compared to a net loss (attributable to the Company) of $295,869 on $30,510 of revenue for the same period in 2018. At Sept. 30, 2019, the Company had total assets of $12,883,265, total liabilities of $7,804,921, and $5,078,344 in total stockholders' equity. The Company anticipates future losses in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with loans or contributions from related parties and, or, the sale of common stock. There is no assurance that this series of events will be satisfactorily completed. A copy of the Form 10-Q is available at: https://is.gd/5QUtAH Golden Developing Solutions, Inc. produces pharmaceutical products. The Company offers a range of cannabis and CBD products. DVLP operates in the State of Colorado. GOLDEN TOUCH: Jan. 7 Hearing on Confirmation of Plan ---------------------------------------------------- Judge Jerry Oldshue Jr. has ordered that the disclosure statement in support of Golden Touch Commercial Cleaning, LLC's Chapter 11 Plan, is approved. Dec. 31, 2019 is fixed as the last day for filing written objections to the Plan, which must be filed with the bankruptcy court. Jan. 7, 2020, at 9:30 a.m. is the date fixed for the hearing on the confirmation of the Plan. About Golden Touch Headquartered in Mobile, Alabama, Golden Touch Commercial Cleaning, L.L.C., filed for Chapter 11 bankruptcy protection (Bankr. S.D. Ala. Case No. 17-01835) on May 17, 2017, estimating its assets of up to $50,000 and its liabilities between $100,001 and $500,000. Robert M. Galloway, Esq., at Galloway Wettermark Everest Rutens & Gaillard, serves as the Debtor's bankruptcy counsel. H.R.H.C.C. INC: Seeks to Hire Willis & Wilkins as Counsel --------------------------------------------------------- H.R.H.C.C., Inc., d/b/a H.R.H. Carriage Company, seeks authority from the U.S. Bankruptcy Court for the Western District of Texas to employ Willis & Wilkins, LLP, as counsel to the Debtor. H.R.H.C.C., Inc. requires Willis & Wilkins to: a. give the Debtor legal advice with respect to its power and duties as debtor-in-possession in the continued operation of its personal management of its property; b. take necessary action to collect property of the estate and file suits to recover the same; c. represent the Debtor as debtor-in-possession in connection with the formulation and implementation of a Plan of Reorganization and all matters incident thereto; d. prepare on behalf of the Debtor as debtor-in-possession necessary applications, answers, orders, reports and other legal papers; e. object to disputed claims; and f. perform all other legal services to the Debtor as Debtor- in-Possession which may be necessary herein. Willis & Wilkins will be paid at the hourly rate of $375. Willis & Wilkins will be paid a retainer in the amount of $15,000. Willis & Wilkins will also be reimbursed for reasonable out-of-pocket expenses incurred. James Samuel Wilkins, a partner at Willis & Wilkins, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Willis & Wilkins can be reached at: James Samuel Wilkins, Esq. WILLIS & WILKINS, LLP 711 Navarro St. Suite 711 San Antonio, TX 78205 Tel: (210) 271-9212 Fax: (210) 271-9389 E-mail: jwilkins@stic.net About H.R.H.C.C., Inc. d/b/a H.R.H. Carriage Company H.R.H.C.C., Inc., doing business as H.R.H. Carriage Company, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 19-52673) on Nov. 6, 2019, disclosing assets of less than $50,000 and debts under $500,000. Judge Ronald B. King is assigned to the case. The Debtor tapped James Samuel Wilkins, Esq., at Willis & Wilkins, LLP, as its legal counsel. HILL CONCRETE: Disclosure Hearing Continued to Feb. 26, 2020 ------------------------------------------------------------ The U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, continues the hearing on motion for approval of disclosure statement describing chapter 11 plan of reorganization dated November 2019, to February 26, 2020, at 2:00 p.m. A revised disclosure statement and plan shall be filed by the Debtor on or before January 31, 2020. A full-text copy of the order is available at https://tinyurl.com/qo9rlkn from PacerMonitor.com at no charge. About Hill Concrete Structures Hill Concrete Structures is a privately held company in La Verne, CA, that offers concrete and cinder building products. Hill Concrete Structures sought Chapter 11 protection (Bankr. C.D. Cal. Case No. 19-10212) on Jan. 21, 2019. The case is assigned to Mark S. Wallace. In the petition signed by James A. Hill, president, the Debtor disclosed total assets at $997,122 and $1,964,669 in debt. The Debtor tapped Michael Jones, Esq., at M Jones & Associates, PC, as counsel. HOTEL OXYGEN: Seeks to Hire Guidant Law as Bankruptcy Counsel ------------------------------------------------------------- Hotel Oxygen Midtown I, LLC, seeks authority from the U.S. Bankruptcy Court for the District of Arizona to employ Guidant Law, PLC, as bankruptcy counsel to the Debtor. Hotel Oxygen requires Guidant Law to represent and provide legal services to the Debtor in the Chapter 11 bankruptcy proceedings. Guidant Law will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. D. Lamar Hawkins, partner of Guidant Law, PLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Guidant Law can be reached at: D. Lamar Hawkins, Esq. GUIDANT LAW, PLC 402 E. Southern Ave. Tempe, AZ 85282 Telephone: (602) 888-9229 Facsimile: (480) 725-0087 E-mail: lamar@guidant.law About Hotel Oxygen Midtown I, LLC Hotel Oxygen Midtown, I, LLC, and Hotel Oxygen Palm Springs, LLC, are affiliate companies which operate hotels in Phoenix, Arizona. The Debtors are wholly owned subsidiaries of Oxygen Hospitality Group, Inc., an owner-operator hospitality company that acquires, renovates and manages a portfolio of mid-to upper scale branded and independent hotel assets in the U.S. Founded in 2017, Oxygen Hospitality is privately held and is headquartered in Phoenix, Arizona. The Affiliates, together with two other affiliate companies – A Great Hotel Company, Arizona, LLC (AGHA), and A Great Hotel Company, LLC (AGHC) each filed Chapter 11 petitions on Nov. 12, 2019 (Bankr. D.Ariz. Lead Case No. 19-14399) in Phoenix, Arizona. In the petition signed by David Valade, CFO, Hotel Oxygen Midtown was estimated to have assets of $1 million to $10 million and liabilities of $100,000 to $500,000. GUIDANT LAW, PLC, is the Debtors' counsel. HOUSTON GRANITE: Seeks to Hire Millas CPA as Accountant ------------------------------------------------------- Houston Granite and Marble Center LLC seeks authority from the U.S. Bankruptcy Court for the Southern District of Texas to employ Millas CPA LLC, as accountant to the Debtor. Houston Granite requires Millas CPA to: a. provide review and reconciliation of books and records and bookkeeping services (2014-2019); b. process 941 forms and payroll (2014-2019); c. process 940 forms and W-2 and W-3 forms (2014-2019); d. prepare Federal and /or State Tax Returns; e. prepare financial statements including Balance Sheets and Profit & Loss Statements as required by the Office of the U.S. Trustee; and f. prepare monthly operating reports in the chapter 11 proceeding. Millas CPA will be paid at these hourly rates: Accountants $125 to $175 Paraprofessionals $75 As of the Petition Date, the Debtor owed Millas CPA in the amount of $980. Millas CPA will also be reimbursed for reasonable out-of-pocket expenses incurred. Mina Millas, partner of Millas CPA LLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Millas CPA can be reached at: Mina Millas MILLAS CPA LLC 405 W Gray St. Houston, TX 77019 Tel: (713) 526-0338 About Houston Granite and Marble Center LLC Houston Granite and Marble Center LLC, is a family owned and operated company that supplies granite, marble, and other natural stone products. The Company previously filed a petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-31994) on April 16, 2016. Recently, the Debtor sought Chapter 11 protection (Bankr. S.D. Texas Case No. 19-35315) on Sept. 24, 2019. In the petition signed by John Sykoudis, member, the Debtor was estimated to have assets between $1 million and $10 million, and liabilities of the same range. Cage, Hill Niehaus LLP is the Debtor's counsel. INSYS THERAPEUTICS: GSBB Represents Health Plan Claimants, Tribe ---------------------------------------------------------------- Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure, the law firm of Gellert Scali Busenkell & Brown, LLC submitted a verified statement that it is representing the ERISA Health Plan Claimants, Municipalities and the Tribes in the Chapter 11 cases of Insys Therapeutics, Inc., et al. On Sept. 12, 2019, GSBB was retained as local co-counsel to represent Pioneer Telephone Cooperative, Inc. Employee Benefits Plan; Bios Companies, Inc. Welfare Plan; Pioneer Telephone Cooperative, Inc. as Plan Sponsor and Fiduciary of Pioneer Telephone Cooperative, Inc. Employee Benefits Plan; and Bios Companies, Inc. as Plan Sponsor and Fiduciary of Bios Companies, Inc. Welfare Plan; all individually, and on behalf of all others similarly situated; all individually and on behalf of all other private employer sponsored self-insured health plans subject to the Employee Retirement Income Security Act of 1974 (collectively the "ERISA Health Plan Claimants") in the above-captioned Chapter 11 Cases. On June 24, 2019, GSBB was retained as local co-counsel to represent The City of Prescott, Arizona; The City of Surprise, Arizona; Carroll County, Maryland; and Henry County, Missouri (collectively, the "Municipalities") in the above-captioned Chapter 11 Cases. On Nov. 19, 2019, GSBB was retained as local co-counsel to represent Kenaitze Indian Tribe, Asa'carsarmiut Tribe (a/k/a Native Village of Mountain Village), Akiak Native Community, Native Village of Port Heiden, and Native Village of Afognak, on behalf of themselves and all other Alaska Tribes and Native Villages similarly situated (collectively, the "Tribes") in the above-captioned Chapter 11 Cases. GSBB only represents the ERISA Health Plan Claimants, the Municipalities and the Tribes in these Chapter 11 Cases. As of Dec. 19, 2019, lists of Creditor's and their disclosable economic interests are: Pioneer Telephone Cooperative, Inc. Employee Benefits Plan Bios Companies, Inc. Welfare Plan Pioneer Telephone Cooperative, Inc. Employee Benefits Plan Bios Companies, Inc. Welfare Plan 202 W. Broadway Kingfisher, OK 73750 Contact address: Henry Hoss, McAfee & Taft A Professional Corporation 10th Floor, Two Leadership Square 211 North Robinson Oklahoma City, OK 73102 * Nature of Claim or Interest: ERISA Plans and their Fiduciaries * Amount of Claim or Interest: Undetermined The City of Prescott, Arizona Jeffrey H. Reeves, Esq. Theodora Oringher, PC 535 Anton Boulevard Ninth Floor Costa Mesa, CA 92626 * Nature of Claim or Interest: Litigation/Class Action * Amount of Claim or Interest: Undetermined The City of Surprise, Arizona * Nature of Claim or Interest: Litigation/Class Action * Amount of Claim or Interest: Undetermined Carroll County, Maryland * Nature of Claim or Interest: Litigation/Class Action * Amount of Claim or Interest: Undetermined Henry County, Missouri * Nature of Claim or Interest: Litigation/Class Action * Amount of Claim or Interest: Undetermined Kenaitze Indian Tribe Asa'carsarmiut Tribe Akiak Native Community Native Village of Port Heiden Native Village of Afognak Dan Drachler, Esq. Zwerling, Schacter & Zwerling, LLP 1904 Third Avenue, Ste.1030 Seattle, WA 98101 * Nature of Claim or Interest: Litigation/Class Action * Amount of Claim or Interest: Undetermined The Firm can be reached at: GELLERT SCALI BUSENKELL & BROWN, LLC Michael Busenkell, Esq. 1201 N. Orange Street, Suite 300 Wilmington, DE 19801 Telephone: (302)425-5812 Facsimile: (302)425-5814 E-mail: mbusenkell@gsbblaw.com A copy of the Rule 2019 filing, downloaded from PacerMonitor.com, is available at https://is.gd/3WPJYh About Insys Therapeutics Headquartered in Chandler, Ariz., Insys Therapeutics, Inc. -- http://www.insysrx.com/-- is a specialty pharmaceutical company that develops and commercializes innovative drugs and novel drug delivery systems of therapeutic molecules that improve patients' quality of life. Using proprietary spray technology and capabilities to develop pharmaceutical cannabinoids, Insys is developing a pipeline of products intended to address unmet medical needs and the clinical shortcomings of existing commercial products. Insys is committed to developing medications for potentially treating anaphylaxis, epilepsy, Prader-Willi syndrome, opioid addiction and overdose, and other disease areas with a significant unmet need. As of March 31, 2019, Insys had $172.6 million in total assets, $336.3 million in total liabilities, and a total stockholders' deficit of $163.7 million. On June 10, 2019, Insys Therapeutics and six affiliated companies filed petitions seeking relief under Chapter 11 of the Bankruptcy Code (D. Del. Lead Case No. 19-11292). Insys intends to conduct the asset sales in accordance with Section 363 of the U.S. Bankruptcy Code. The Debtors' cases are assigned to Judge Kevin Gross. The Debtors tapped Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A., as legal counsel; Lazard Freres & Co. LLC as investment banker; FTI Consulting, Inc., as financial advisor; and Epiq Corporate Restructuring, LLC as claims agent. Andrew Vara, acting U.S. trustee for Region 3, on June 20, 2019, appointed nine creditors to serve on an official committee of unsecured creditors in the Chapter 11 cases. Akin Gump Strauss Hauer & Feld LLP, and Bayard, P.A., serve as the Committee's attorneys; and Province, Inc., is the financial advisor. After selling substantially all of their assets, the Debtors filed a Chapter 11 Plan and Disclosure Statement. INSYS THERAPEUTICS: Trade Creditors Get 5.6% to 8.2% in Plan ------------------------------------------------------------ Insys Therapeutics, Inc.; IC Operations, LLC; Insys Development Company, Inc.; Insys Manufacturing, LLC; Insys Pharma, Inc.; IPSC, LLC; and IPT 355, LLC filed a Second Amended Joint Chapter 11 Plan of Liquidation and a Disclosure Statement on Dec. 4, 2019. The Debtors face thousands of claims by public and private entities and individuals related, generally, to the Debtors' business operations and the Debtors' prior marketing and sales activities related to SUBSYS ("Subsys"), their opioid product. The General Unsecured Claims against the Debtors, generally, fall into one of the following categories and have been classified under the Plan as follows: * Class 3 Convenience Class Claims, which include any General Unsecured Claims asserted as liquidated or scheduled as neither contingent, disputed, nor unliquidated, in each case, in an amount no greater than $50,000. The Debtors estimate that Allowed Convenience Class Claims will not exceed $2 million in total; * Class 4 Trade and Other Unsecured Claims, which include creditors' claims for, generally, goods and services provided prepetition, employee indemnification, contract rejection damages and other General Unsecured Claims not otherwise categorized in Classes 5—9 described below; * Class 5 Insurance Related Claims, which includes Claims by (1) health insurers, union health and welfare funds, and all other private providers of health care benefits, including providers of private employer sponsored self-insured health plans subject to the Employee Retirement Income Security Act of 1974 (the "ERISA Health Plan Claimants"), and including administrative service providers or agents on their behalf (collectively, the "Third Party Payors" or the "TPPs") for fraud leading to the improper reimbursement and payment of prescription costs for Subsys, and (2) insurance rate payers (the "Insurance Ratepayers") for the increase of insurance premium rates related to the Debtors' conduct; * Class 6 Hospital Claims and NAS Monitoring Claims, which include Claims held by hospitals, other than those operated by the United States Government (the "Hospitals"), and children with neonatal abstinence syndrome ("NAS Children") for damages caused by the Debtors' alleged role in the worsening opioid crisis; * Class 7 DOJ Claims, which include the DOJ Civil Claims and the DOJ Criminal Forfeiture Claim held by the United States Department of Justice (the "DOJ"). Class 7 also includes any Claim filed by the DOJ on behalf of Insys' creditors seeking restitution. Such DOJ Restitution Claim will be Allowed in the amount filed or, if filed in an unliquidated amount, then in the amount subsequently liquidated by final order entered by the United States District Court for the District of Massachusetts; provided, however, that no DOJ Restitution Claim will be Allowed for Distribution purposes other than the DOJ Residual Restitution Claim, in an amount not to exceed $10 million; * Class 8(a) State Claims and Class 8(b) Municipality/Tribe Claims, which include Claims held by the SMT Group Participants and all other States, Municipalities, and Native American Tribes (collectively, the "SMT Group") for, among other things, consumer fraud, deceptive practices, false claims, negligence, violations of RICO, public nuisance and abatement (the "SMT Group Claims"); and * Class 9 Personal Injury Claims, which include personal injury plaintiffs' and similar claimants' claims, including bodily injury claims of addicted individuals, the families of addicted individuals, and NAS Children (collectively, the "Personal Injury Claimants"), for, among other things, bodily injury, addiction, wrongful death and loss of consortium. The Debtors and Creditors' Committee estimate that creditors have asserted (or will assert) over $16 billion in claims against Insys -- again, far outstripping the Debtors' assets available to satisfy such claims. The Debtors and Creditors' Committee largely do not agree that the claims made against Insys should be allowed in the amounts asserted, but, based on the Debtors' estimated value of such claims, the Debtors' Assets are insufficient to pay all of the Debtors' creditors in full. Accordingly, the equity of Insys Therapeutics, Inc. is being cancelled under the Plan and will receive no value thereunder. The Plan contains, generally, the following terms: -- On the Effective Date, or as soon as practicably possible thereafter and subject to reserves for administrative and priority claims against the Debtors' estates, all Assets of the Debtors will be transferred to one of two trusts for the benefit of the Debtors' creditors; -- One such trust, the Victims Restitution Trust, will receive an assignment of the Debtors' Products Liability Insurance Policies and any proceeds thereof for the benefit of (i) Class 9 – the Personal Injury Claimants and (ii) Class 8(a) – States and Class 8(b) – Municipalities and Native American Tribes; -- The second trust, the Insys Liquidation Trust, will receive an assignment of all other Assets of the Debtors and will be charged with winding down the Debtors, liquidating their Assets, and making distributions to the Debtors' creditors, other than the Personal Injury Claimants, whose sole recovery will be from the Victims Restitution Trust; -- The Debtors will make Distributions of 10% to holders of Allowed Convenience Class Claims (of $50,000 or less). The Debtors anticipate payments to holders of Allowed Convenience Class Claims will be in the range of $200,000 to $300,000; -- The Debtors will make Distributions from the Insys Liquidation Trust to Classes 4 through 8(b) based on the Plan Settlement, and taking into account the following settlement claim amounts: * Aggregate Trade and Other Unsecured Claims in Class 4 at the TUC Class Amount (not to exceed $50 million); * Aggregate Insurance Related Claims in Class 5 of $258 million; * Aggregate Hospital Claims and NAS Monitoring Claims in Class 6 of $117 million; * Aggregate DOJ Claims in Class 7 at the DOJ Class Amount (not to exceed $28314 million); and * Aggregate State Claims and Municipality/Tribe Claims in Class 8(a) and 8(b), collectively, of $597 million. Based on the Debtors' analyses and in consultation with the Creditors' Committee (which itself conducted an independent and privileged analysis of certain of the claims listed above regarding the appropriate allocation of value in the exercise of its fiduciary duties) and various creditor constituencies and in the context of a settlement with the SMT Group Participants and the other Settling Creditors, the Debtors and the Creditors' Committee, in the exercise of their respective fiduciary duties, believe the allocations of value under the Plan based on the settlement claim amounts and distribution processes listed above, and the distribution process set forth therein are fair and in the best interests of the estates and their creditors. Pursuant to the Plan Settlement: -- The first $38 million of Estate Distributable Value from the Insys Liquidation Trust will be split 50% to the Debtors' private creditors (other than Personal Injury Claimants) in Classes 4, 5, and 6 and 50% to public creditors in Classes 7 and 8;1 and -- Distributions in excess of $38 million from the Insys Liquidation Trust will be split 17.5% to private creditors (other than Personal Injury Claimants) and 82.5% to public creditors. * Distributions to the Debtors' private and public creditor classes shall be made in accordance with the applicable Plan Distribution Percentages, which are based on the settlement claim amounts described herein. For example, with respect to the 50% of first dollars going to private creditors, Class 5 will receive the percentage equal to the settlement claim amount of $258 million for Class 5 divided by the total of settlement claim amounts for the private creditor classes. * For private creditors in Classes 4, 5, and 6, the settlement claim amounts are (i) for Class 4, the TUC Class Amount (which is estimated to be less than $50 million); (ii) for Class 5, $258 million; and (iii) for Class 6, $117 million. * For public creditors in Classes 7 and 8, the settlement claim amounts are (i) for Class 7, the DOJ Class Amount (an amount not to exceed $283 million), and (ii) for Class 8(a) and Class 8(b), collectively, $597 million. * If needed, the Liquidating Trustee for the Insys Liquidating Trust will seek a court order establishing the TUC Class Amount and the DOJ Class Amount to facilitate computing the sharing percentages. -- Pursuant to an agreement with the DOJ, the DOJ agreed to not receive a distribution on account of its $243 million Allowed DOJ Civil Claim under the DOJ Stipulation until after other Allowed, general unsecured, unsubordinated Claims receive a recovery in aggregate equal to the amount of such Claims multiplied by 4 percent. Under the Plan each holder of an Allowed Non-PI General Unsecured Claim (except the Allowed DOJ Civil Claim) benefits from this DOJ Distribution Reallocation up to the 4% threshold amount. This represents a compromise in favor of the DOJ, as the threshold amount does not take into account the allowed amount of Personal Injury Claims. -- In addition to the benefit of the DOJ Distribution Reallocation, holders of Allowed Claims in Classes 4, 5 and 6 will receive the first $2 million of the DOJ Distribution Reallocation that would have otherwise been allocated to the SMT Group as a DOJ Distribution Reallocation. -- Certain members of the SMT Group will also receive an administrative Claim of $800,000 for their substantial contributions to these Chapter 11 Cases. -- The Personal Injury Claimants in Class 9 will receive their Pro Rata share of 90% of the proceeds (if any) of the Debtors' Products Liability Insurance Proceeds, to the extent recovered, subject to the terms of the Claims Analysis Protocol. -- The SMT Group will receive the other 10% of the proceeds (if any) of the Debtors' Products Liability Insurance Proceeds, to the extent recovered, and 100% of the proceeds, if any, after the Personal Injury Claimants have been paid in full. -- The Claims Analysis Protocol was negotiated and agreed to by representatives of the Creditors' Committee, the SMT Group and certain Personal Injury Claimants after a second mediation approved by the Court and conducted with Eric Green as the mediator. To conserve estate and trust resources, and to provide for allocations to creditors within Classes 5, 6 and 8, the Debtors are: * Providing after the Effective Date, for a limited time and with a cap on fees, the services of an ILT Claims Arbiter to determine certain disputes among the Hospitals, TPPs, ERISA Health Plan Claimants, Insurance Ratepayers, and NAS Children – saving the Debtors' Estates the expense of litigating such disputes and claim objections in the Chapter 11 Cases. * Providing for claim allocation and distribution procedures in (1) Class 5, with respect to the Third Party Payor Claims and the Insurance Ratepayer Class Claims and (2) in Class 6, with respect to the Hospital Class Claim and the NAS Monitoring Class Claim; and * Providing, at the election of the SMT Group, that the Pro Rata share of Distributions made in respect of Claims in Class 8 shall be determined by either (i) Class 8 distribution procedures, if any, filed with the Plan Supplement, (ii) the agreement of representatives of holders of SMT Group Claims if any such agreement is reached within twelve (12) months of the Effective Date and approved by the Bankruptcy Court, or (iii) such later date as extended by agreement of the SMT Representatives on the ILT Board prior to the expiration of the twelve (12) month period in Section 4.8(c)(i) of the Plan, with the expense of such process deducted from Estate Distributable Value attributable to Class 8. * In addition, to conserve estate and trust resources, and to provide for allocations to creditors within Class 9, the Debtors are providing for a Claims Administrator and Claims Analysis Protocol to determine the Allowed Claim of each Personal Injury Claimant. Under the Plan, holders of Trade and Other Unsecured Claims in Class 4 totaling $50 million will have an estimated recover of 5.6 percent to 8.2 percent. Each such holder shall receive, from the Insys Liquidation Trust, its Pro Rata share of Estate Distributable Value attributable to Class 4, which amount is calculated by multiplying the Category 1 Distributions by the Private Group Plan Distribution Percentage for Class 4. The Debtors anticipate having various assets on hand as of the Effective Date of the Plan, some of which will be unliquidated. These assets, and an estimated value thereof (which may be materially higher or lower), include: * cash on hand in a current estimated amount of $34 million;5 * unliquidated business or operating assets (if any) that remain unsold as of the Effective Date (see Section 5.6) (estimated at negligible value); * royalty and other payments from the purchaser of SUBSYS (estimated at approximately $60 million (nominal, and not net present, value) (see Section 5.6(a)(iii)); * potential claims against certain insurance policies of the Debtors (estimated at between $0 to $56 million (see Section 5.6(b)); and * unliquidated litigation claims and causes of action against numerous parties for, among other things, breaches of fiduciary duty, the receipt of preference payments, and potential fraudulent (and other avoidable) transfers (see Section 5.6(b)(i), (iii), and (iv)) (recoveries for potential preference and fraudulent transfers are estimated at approximately $9 million; the Debtors have not estimated potential recoveries for other causes of action, including potential recovery of legal fees and expenses paid to or on behalf of former officers and directors of the Debtors). A full-text copy of the Disclosure Statement dated December 4, 2019, is available at https://tinyurl.com/uqpcwbe from PacerMonitor.com at no charge. Attorneys for the Debtors: Gary T. Holtzer Ronit J. Berkovich Candace M. Arthur Brenda L. Funk Olga F. Peshko WEIL, GOTSHAL & MANGES LLP 767 Fifth Avenue New York, New York 10153 Telephone: (212) 310-8000 Facsimile: (212) 310-8007 - and – John H. Knight Paul N. Heath Amanda R. Steele Zachary Shapiro RICHARDS, LAYTON & FINGER, P.A. One Rodney Square 920 N. King Street Wilmington, Delaware 19801 Telephone: (302) 651-7700 Facsimile: (302) 651-7701 About Insys Therapeutics Headquartered in Chandler, Ariz., Insys Therapeutics, Inc. -- http://www.insysrx.com/-- is a specialty pharmaceutical company that develops and commercializes innovative drugs and novel drug delivery systems of therapeutic molecules that improve patients' quality of life. Using proprietary spray technology and capabilities to develop pharmaceutical cannabinoids, Insys is developing a pipeline of products intended to address unmet medical needs and the clinical shortcomings of existing commercial products. Insys is committed to developing medications for potentially treating anaphylaxis, epilepsy, Prader-Willi syndrome, opioid addiction and overdose, and other disease areas with a significant unmet need. As of March 31, 2019, Insys had $172.6 million in total assets, $336.3 million in total liabilities, and a total stockholders' deficit of $163.7 million. On June 10, 2019, Insys Therapeutics and six affiliated companies filed petitions seeking relief under Chapter 11 of the Bankruptcy Code (D. Del. Lead Case No. 19-11292). Insys intends to conduct the asset sales in accordance with Section 363 of the U.S. Bankruptcy Code. The Debtors' cases are assigned to Judge Kevin Gross. The Debtors tapped Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A., as legal counsel; Lazard Freres & Co. LLC as investment banker; FTI Consulting, Inc. as financial advisor; and Epiq Corporate Restructuring, LLC as claims agent. Andrew Vara, acting U.S. trustee for Region 3, on June 20, 2019, appointed nine creditors to serve on an official committee of unsecured creditors in the Chapter 11 cases. Akin Gump Strauss Hauer & Feld LLP, and Bayard, P.A., serve as the Committee's attorneys; and Province, Inc., is the financial advisor. After selling substantially all of their assets, the Debtors filed a Chapter 11 Plan and Disclosure Statement. J & C CORP: Plan Has 60% Dividend for Unsecured Creditors --------------------------------------------------------- J & C Corporation, Inc., a small business chapter 11 case, filed a reorganization plan that provides that general unsecured creditors will recover 60 cents on the dollar. Class 2A: Class 2 Secured Claim of Oriental Bank. IMPAIRED. Amount of Claim $520,696.91. The debtor will surrender property #563; $150,000 to be deducted from total claim; will pay value of remaining collateral up to $200,000 at the rate of $1,500 per month for 180 months, interest at 4% per annum. Class 3: General Unsecured claims. Claim No. 1; and unsecured portion of Claim No. 2. IMPAIRED. Total claim $170,696. The Debtor will pay 60% of the allowed unsecured claims ($102,000) to be paid in 96 months payment of $1,061 including 4% interest per annum. Total payout is $101,805. Payments and distributions under the Plan will be funded from the Debtor's postpetition income from the operation of the business. A full-text copy of the Disclosure Statement dated Nov. 27, 2019, is available at https://tinyurl.com/r3rhmpt from PacerMonitor.com at no charge. Attorney for the Debtor: Modesto Bigas Mendez P.O. Box 7462 Ponce, PR 00732-7462 Tel: 787-844-1444 Fax: 787-842-4090 E-mail: modestobigas@yahoo.com About J & C Corporation J & C Corporation Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 19-04176) on July 24, 2019. At the time of the filing, the Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $100,001 and $500,000. The case is assigned to Judge Mildred Caban Flores. The Debtor tapped Modesto Bigas Mendez, Esq., as its legal counsel. JAGUAR HEALTH: Sagard Capital Lowers Stake to 4.23% as of Dec. 20 ----------------------------------------------------------------- Sagard Capital Partners, L.P., Sagard Capital Partners GP, Inc., and Sagard Capital Partners Management Corp. disclosed in a Schedule 13D/A filed with the Securities and Exchange Commission that as of Dec. 20, 2019, they beneficially owned 661,065 shares of common stock of Jaguar Health, Inc., which represents 4.23 percent of the Shares oustanding. Based on information provided by the Issuer, there are 14,968,188 shares of Voting Common Stock outstanding as of Dec. 20, 2019. On Dec. 20, 2019, the Reporting Persons received share amount information from the Issuer reflecting that the Issuer has issued additional shares of Voting Common Stock, including, but not limited to, in connection with the exercise of certain warrants that were previously issued by the Issuer. As a result of such issuances, and not due to any other purchase or sale activities by the Reporting Persons, on Dec. 20, 2019, each of the Reporting Persons ceased to be a beneficial owner of more than five percent of the Voting Common Stock. A full-text copy of the regulatory filing is available for free at: https://is.gd/MY6nOl About Jaguar Health Jaguar Health, Inc. -- http://www.jaguar.health-- is a commercial stage pharmaceuticals company focused on developing novel, sustainably derived gastrointestinal products on a global basis. Its wholly-owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary human gastrointestinal pharmaceuticals for the global marketplace from plants used traditionally in rainforest areas. Jaguar Health's principal executive offices are located in San Francisco, California. Jaguar Health reported a net loss of $32.14 million for the year ended Dec. 31, 2018, compared to a net loss of $21.96 million for the year ended Dec. 31, 2017. As of Sept. 30, 2019, the Company had $35.63 million in total assets, $15.25 million in total liabilities, $9 million in series A convertible preferred stock, and total stockholders' equity of $11.38 million. BDO USA, LLP, in San Francisco, California, the Company's auditor since 2013, issued a "going concern" opinion in its report dated April 10, 2019, on the Company's consolidated financial statements for the year ended Dec. 31, 2018, citing that the Company has suffered recurring losses from operations and an accumulated deficit that raise substantial doubt about its ability to continue as a going concern. LE JARDIN: To Seek Plan Approval on Jan. 23 ------------------------------------------- Le Jardin House, LLC, filed a a Second Amended Plan of Reorganization and a Disclosure Statement on Dec. 4, 2019. The United States Bankruptcy Court for the Southern District of Florida (Miami Division) conducted a hearing to approve the Disclosure Statement, as amended at the hearing, as providing "adequate information" pursuant to Section 1125 of the Bankruptcy Code and to confirm the Plan on Nov. 26, 2019 at 1:30 p.m. The Court will conduct a hearing on confirmation of the Plan on Jan. 23, 2019 at 1:30 pm (EST). Ballots are due Jan. 9, 2019. The Plan treats claims and interests as follows; * CLASS 1: Secured Claim of Titan Capital. IMPAIRED. Titan Capital shall receive 95 percent of the Net Proceeds from the sale of Real Property Assets until paid in full. * CLASS 2: Secured Claim of LJRL. IMPAIRED. LJRL will receive, after payment of Allowed Class 1 Claims in full, 95 percent of the Net Proceeds from the sale of Real Property Assets until paid in full. * CLASS 3: Secured Claim of Titan Subordinated Lender. IMPAIRED. Titan Subordinated Lender shall receive, after payment of Allowed Class 1 Claims and Allowed Class 2 Claims in full, 95 percent of the Net Proceeds from the sale of Real Property Assets until paid in full. * CLASS 4: General Unsecured Claims. IMPAIRED. Each holder of an Allowed General Unsecured Claim, shall, in full and complete settlement, satisfaction and discharge of such Allowed General Unsecured Claim receive: (i) on the Effective Date, their pro rata share of the cash available after payment and reservation for senior claimants; (ii) subsequent to the Effective Date, within 30 days of the closing of each sale of any unit of Real Property of the Debtor over the next 36 months, an amount equal to its pro rata share of the available Net Proceeds from such sale. The Debtor will fund payments to be made under the Plan through the following: (1) cash on hand on the Effective Date; and/or (2) sales of the Debtor's Real Property in the ordinary course of business on and after the Effective Date until all Allowed Claims are paid in full. A full-text copy of the Second Disclosure Statement dated December 4, 2019, is available at https://tinyurl.com/yx26lv5k from PacerMonitor.com at no charge. Counsel for the Debtor: Brett D. Lieberman EDELBOIM LIEBERMAN REVAH OSHINSKY PLLC 20200 W. Dixie Highway, Suite 905 Aventura, Florida 33180 Telephone No. 305.768.9909 Facsimile No. 305.928.1114 E-mail: brett@elrolaw.com About Le Jardin House Le Jardin House, LLC, is the owner and developer of a 30-unit condominium project located at 1150 102nd Street, Bay Harbour Islands, FL 33152., which is comprised of 30 separate units. Le Jardin House sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-19182) on July 11, 2019. At the time of the filing, the Debtor disclosed $27,490,523 in assets and $7,167,406 in liabilities. The case is assigned to Judge Robert A. Mark. Edelboim Lieberman Revah Oshinsky PLLC is serving as the Debtor's bankruptcy counsel. M.E. SMITH: Unsecured Creditors to Recover 6.5% in 5 Years ---------------------------------------------------------- Debtor M.E. Smith, Inc., filed with the U.S. Bankruptcy Court for the District of Massachusetts, Central Division, a third amended plan of reorganization and a disclosure statement. According to the Third Amended Disclosure Statement, the Plan contemplates a pro rata distribution of $100,000 over five years which equates to a 6.5% dividend of allowed unsecured claims. Each holder of an Allowed Class 7 Claim will receive a pro rata share of $100,000 payable as follows: pro rata share of $20,000 on the Effective Date and pro rata share of $20,000 on each of the next four anniversary dates of the Effective Date. Mark E. Smith will retain his equity interests in exchange for a contribution of new value. The Plan contemplates the use of accumulated cash and the Debtor's operating income from business operations to (i) pay allowed administrative expenses; (ii) pay allowed class claims; and (iii) maintain a working capital reserve for the Debtor's ongoing business operations. The Debtor anticipates the following payments will be due at the Effective Date: Allowed Administrative Expenses: $20,000 Priority Claims: $18,097 Class 6 Payment: $8,333 Class 7 Payment: $20,000 UST Payment: $750 The Effective Date Payments will be paid from (i) funds available in the DIP account anticipated to be $35,000 and (ii) the balance from by Mark E. Smith. Two weeks prior to the Confirmation Hearing, the Debtor shall provide proof of funds to the Disbursing Agent. A full-text copy of the Third Amended Disclosure Statement is available at https://tinyurl.com/yxxar583 from PacerMonitor.com at no charge. The Debtor is represented by: Michael Van Dam, Esq. Van Dam Law LLP 233 Needham Street Newton, MA 02464 Tel: (617) 969-2900 Fax: (617) 964-4631 About M.E. Smith Established in 2004, M.E. Smith, Inc., is a Massachusetts corporation providing construction and maintenance of municipal water utilities. Services are provided generally to cities and towns in Massachusetts and Connecticut. Its sole shareholder is Mark E. Smith. M.E. Smith, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Mass. Case No. 19-40235) on Feb. 12, 2019. The Hon. Elizabeth D. Katz is the case judge. The Debtor is represented by Michael Van Dam, Esq. at Van Dam Law LLP. MEDTAINER INC: Haskell & White LLP Raises Going Concern Doubt ------------------------------------------------------------- On December 20, 2019, Medtainer, Inc. filed with the U.S. Securities and Exchange Commission its annual report on Form 10-K, disclosing a net loss of $1,274,260 on $2,230,330 of sales for the year ended Dec. 31, 2018, compared to a net loss of $357,006 on $2,210,470 of sales for the year ended in 2017. The Haskell & White LLP's audit report, dated Dec. 19, 2019, states that the Company has a working capital deficit, continued operating losses since inception, and has notes payable that are currently in default. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The Company's balance sheet at Dec. 31, 2018, showed total assets of $2,835,065, total liabilities of $1,326,787, and a total stockholders' equity of $1,508,278. A copy of the Form 10-K is available at: https://is.gd/CXqEK4 Medtainer, Inc., through its subsidiaries, designs, manufactures, brands, and sells proprietary plastic medical grade containers in the United States. The company offers Medtainer containers that store pharmaceuticals, herbs and herbal remedies, teas, and other solids or liquids, as well as coffee, wines and liquors, and food products. It also provides private labeling and branding services for purchasers of containers and other products. In addition, the company sells and distributes humidity control inserts, lighters, smellproof bags, hydroponic grow towers, and other items. It markets its products directly to end users; and retail public through Internet, as well as wholesalers and other businesses. The company was formerly known as Acology, Inc. and changed its name to Medtainer, Inc. in October 2018. Medtainer, Inc. was incorporated in 1997 and is based in Corona, California. MONUMENT BREWING: Plan & Disclosures Due March 10, 2020 ------------------------------------------------------- Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, ordered that debtor Monument Brewing LLC d/b/a Four Stacks Brewing Company must file a Plan and Disclosure Statement on or before March 10, 2020. A full-text copy of the order is available at https://tinyurl.com/te37ftl from PacerMonitor.com at no charge. About Monument Brewing Monument Brewing LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-10832) on Nov. 14, 2019. At the time of the filing, the Debtor had estimated assets of between $50,001 and $100,000 and liabilities of between $100,001 and $500,000. The case is assigned to Judge Caryl E. Delano. The Debtor tapped Samantha L. Dammer, Esq., at Tampa Law Advocates, P.A., as its legal counsel. NORVIEW BUILDERS: Unsecureds to Get Full Payment Under Plan ----------------------------------------------------------- Debtor Norview Builders Inc. filed with the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, a Third Amended Plan of Reorganization and a Disclosure Statement. The Debtor's Plan provides that the Reorganized Debtor will continue to operate its business and will pay its creditors in full from funds generated during the bankruptcy case. The Plan also provides that the owner of the Debtor, Brenda O'Sullivan, will retain her ownership interest in the Reorganized Debtor. The Plan provides that the cash available to the Debtor on the Plan's effective date will be used to pay administrative expenses in full, unless the holder thereof agrees to a different treatment or the administrative expense has not yet been allowed, in which case the administrative expense will be paid when allowed. Requests for the payment of administrative expenses must be filed by the 30th day after the effective date of the Plan. The Debtor estimates that on the effective date it will have cash of about $494,000, although the precise amount depends upon the actual timing of the effective date. Distributions to holders of allowed Class 4 claims, the general unsecured creditors, will be made within 30 days of the Plan’s effective date. The Debtor estimates that creditors holding allowed Class 4 claims should receive 100% of the amount owed to them by February 2020. After payment of MB's allowed claim, the Debtor is holding about $494,000 in cash. The Debtor generated these funds mostly from the sale of the Lockport Property, but also through its settlement with Sovereign and through normal operations. The Debtor will use these funds to pay creditors. A full-text copy of the Third Amended Disclosure Statement is available at https://tinyurl.com/qthqcog from PacerMonitor.com at no charge. The Debtor is represented by: William J. Factor Jeffrey K. Paulsen FACTORLAW 105 W. Madison Street, Suite 1500 Chicago, IL 60602 Tel: (847) 239-7248 Fax: (847) 574-8233 E-mail: wfactor@wfactorlaw.com jpaulsen@wfactorlaw.com About Norview Builders Norview Builders, Inc., based in Oak Lawn, Ill., filed a Chapter 11 petition (Bankr. N.D. Ill. Case No. 18-01825) on Jan. 22, 2018. In the petition signed by Brenda P. O'Sullivan, president, the Debtor was estimated to have $1 million to $10 million in assets and $500,000 to $1 million in liabilities. The Hon. Jacqueline P. Cox oversees the case. Gregory K. Stern, Esq., at Gregory K. Stern, P.C., serves as bankruptcy counsel. P&D INVESTMENTS: AIP Says Amended Disclosures Inadequate -------------------------------------------------------- American Investments Properties, Inc., objects to the Amended Disclosure Statement for the Plan of Reorganization filed by P&D Investments, LLC, PCD Investments, LLC, and Whale Cay Group, Limited on the ground that the Disclosure Statement fails to provide adequate information, as defined in 11 U.S.C. Sec. 1125(a), that would enable a reasonable investor typical of holders of claims and interests of the relevant classes to make an informed judgment about the plan. AIP claims, among other things, that: * The Disclosure Statement fails to provide adequate information about the Plan itself, including the Plan's Details, how it will treat the Estate of Peter J. Casoria, Jr., as a secured creditor, regarding revival of the Partial Release Schedule Agreement dated June 23, 2004, and with respect to the Plan Administrator: * The Disclosure Statement fails to provide the creditors with adequate information of what the Debtors' actual plan is or its specific contours. * The Debtors must explain how the next five years will be different from the previous five years. The Debtors have had the ability to sell or develop the property or find a beneficial partner since at least 2012. * The Disclosure Statement fails to provide adequate information with respect to the treatment of the claim of the Estate of Peter Casoria, Jr. Certain crucial issues arise with regard to the Disclosure Statement, the Plan, and the Estate of Peter Casoria, Jr. Attorneys for American Investment Properties: BRIAN M. O'CONNELL ASHLEY CRISPIN ACKAL O'CONNELL & CRISPIN ACKAL, PLLC 420 Royal Palm Way, Suite 300 Palm Beach, Florida 33480 Telephone: 561-355-0403 Facsimile: 561-355-5133 E-mail: service@OCAlawyers.com About P&D Investments P&D Investments LLC, PCD Investments LLC, and Whale Cay Group, Limited, were established to acquire and develop real estate properties in The Bahamas. P&D Investments and its affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case Nos. 19-18740, 19-18744 and 19-18748) on June 28, 2019. At the time of the filing, P&D Investments and PCD Investments had estimated assets of between $1 million and $10 million and liabilities of between $10 million and $50 million. Meanwhile, Whale Cay Group disclosed assets of between $10 million and $50 million and liabilities of the same range. PARKINSON SEED: Hires LeMoyne Realty to Market Downey Farm ---------------------------------------------------------- Debtor Parkinson Seed Farm, Inc., filed with the U.S. Bankruptcy Court for the District of Idaho a second amended disclosure statement describing its plan of reorganization. As part of its reorganization the Debtor will liquidate certain real property that is no longer part of its core operations. The Chapter 11 Trustee has employed Henri W. LeMoyne of LeMoyne Realty & Appraisals to assist with the marketing of the bankruptcy estate’s real property. After confirmation, the Debtor will retain this same realtor to market certain tracts of land under the same terms and conditions that the realtor is currently employed under. Those tracts are commonly referred to as the Downey Farm and the Steinman Dry Farm, and the May Dry Farm. The Debtor intends to retain possession of the Home Place. The Chapter 11 Trustee has a pending motion to sale the Steinman Dry Farm. SummitBridge has objected to this sale. If the Chapter 11 Trustee is unable to sale the Steinman Dry Farm, the debtor will continue to use the realtor to market the property. Until the property is sold the Steinman debt will continue to accrue interest at 5%. The realtor has been marketing the Downey Farm. The Downey Cellar secures a debt to Summit Bridge and the Downey Property secures a first position loan by Compeer with SummitBridge being in a second position. These debts will continue to accrue interest and be paid according to the terms of the plan regarding the Class 3 and Class 4 claims of Compeer and SummitBridge respectively. In the event the property sells, the proceeds will be applied to the SummitBridge and Compeer debts in accordance with their respective priorities. The Plan contemplates an effective reorganization of the Debtor's property, treatment of contingent claims, treatment of certain claims upon Court approval and treatment of property returned to owners by Court approval. Debtor reserves the right, in the event that negotiations require such to occur, to change the amount of the aforementioned monthly payments. The debtor proposes to pay to the unsecured creditors as will be specified in the Plan, the amount the Debtor is able to pay. Allowed unsecured creditors will be paid 100% of their allowed claims. Distributions will be made by the disbursing agent, Dirk Parkinson, as provided in the Plan. A full-text copy of the Second Amended Disclosure Statement is available at https://tinyurl.com/sf9qdha from PacerMonitor.com at no charge. The Debtor is represented by: Brent T. Robinson, Esq. W. Reed Cotten, Esq. ROBINSON & ASSOCIATES Attorneys at Law 615 H Street PO Box 396 Rupert, Idaho 83350-0396 Telephone No. (208) 436-4717 Facsimile No. (208) 436-6804 E-mail: btr@idlawfirm.com About Parkinson Seed Farm Located in Saint Anthony, Idaho, Parkinson Seed Farm, Inc. -- http://www.parkinsonseedfarm.com/-- farms approximately 7,200 acres of potatoes. It raises seed potatoes, hard red and hard white wheat, as well as a small amount of alfalfa (mostly to feed horses for recreational purposes). The company raises 11 of what it considers to be more mainstream varieties such as the Russet Burbank, Ranger, three different line selections of Russet Norkotah, white varieties such as Cal Whites and Atlantics, and reds like the Dark Red Norland. The company was founded in 1937. Parkinson Seed Farm sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Idaho Case No. 18-40412) on May 15, 2018. In the petition signed by Dirk Parkinson, president, the Debtor disclosed $6.11 million in assets and $26.92 million in liabilities. Judge Joseph M. Meier oversees the case. Parkinson Seed Farm hired Robinson & Associates as its legal counsel. Henri LeMoyne of LeMoyne Realty & Appraisals is the Debtor's realtor. PEAK SERUM: Seeks to Hire Wadsworth Garber as Counsel ----------------------------------------------------- Peak Serum, Inc., seeks authority from the U.S. Bankruptcy Court for the District of Colorado to employ Wadsworth Garber Warner Conrardy, P.C., as counsel to the Debtor. Peak Serum of Heaven requires Wadsworth Garber to: a. provide the Debtor with legal advice with respect to their powers and duties; b. aid the Debtor in the development of a plan of reorganization under Chapter 11; c. file the necessary petitions, pleadings, reports, and actions which may be Chapter 11; d. take necessary actions to enjoin and stay until final decree herein continuation of pending proceedings and to enjoin and stay until final decree herein commencement of lien foreclosure proceedings and all matters as may be provided under the bankruptcy code; and e. perform all other legal services for the Debtor which may be necessary herein. Wadsworth Garber will be paid at these hourly rates: David V. Wadsworth $425 Aaron A. Garber $375 David J. Warner $325 Aaron J. Conrardy $300 Michelle S. Primo $150 Paralegals $115 Wadsworth Garber was paid a retainer by the Debtor in the amount of $22,849.50. A separate application is being filed for approval of the retainer on notice to creditors. The Debtor paid prepetition fees and costs, including the filing fee, in the amount of $7,150.50. Wadsworth Garber will also be reimbursed for reasonable out-of-pocket expenses incurred. Aaron A. Garber, a partner of Wadsworth Garber, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Wadsworth Garber can be reached at: Aaron A. Garber, Esq. WADSWORTH GARBER WARNER CONRARDY, P.C. 2580 West Main Street, Suite 200 Littleton, CO 80120 Tel: (303) 296-1999 Fax: (303) 296-7600 E-mail: agarber@wgwc-law.com About Peak Serum Headquartered in Wellington, Colo., Peak Serum is a privately owned and independent supplier of life science laboratory products. Its core focus is Fetal Bovine Serum (FBS) for cGMP / clinical trial research and diagnostics applications. The Company offers a wide range of 100% US Origin and USDA-Approved FBS products for all levels of research compliance. The Company sought Chapter 11 protection (Bankr. D. Colo. Case No. 19-19802) on Nov. 13, 2019 in Denver, Colorado. At the time of filing, the Debtor recorded total assets at $956,300 and total liabilities at $3,580,644. The petition was signed by Thomas Kutrubes, president and CEO. The Hon. Joseph G. Rosania Jr., is the case judge. WADSWORTH GARBER WARNER CONRARDY, P.C., represents the Debtor. PEN INC: Incurs $48,000 Net Loss for Quarter Ended March 31, 2019 ----------------------------------------------------------------- On Dec. 19, 2019, PEN Inc. filed its quarterly report on Form 10-Q, disclosing a net loss of $48,239 on $757,861 of total revenues for the three months ended March 31, 2019, compared to a net loss of $20,518 on $1,443,525 of total revenues for the same period in 2018. At March 31, 2019, the Company had total assets of $1,634,812, total liabilities of $2,196,447, and $561,635 in total stockholders' deficit. PEN Inc. said, "The Company had a net loss of US$53,135 and US$687,068 for the years ended December 31, 2018 and 2017. Additionally, the Company had a net loss of US$48,239 for the three months ended March 31, 2019. Furthermore, the Company had an accumulated deficit, a stockholders' deficit and a working capital deficit of US$6,688,609, US$561,635 and US$782,100, respectively, at March 31, 2019. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued. Management cannot provide assurance that the Company will ultimately achieve profitable operations or become cash flow positive or raise additional debt and/or equity capital. During 2018 and 2019, management took measures to reduce operating expenses. Although the Company has historically raised capital from sales of equity, there is no assurance that it will be able to continue to do so." A copy of the Form 10-Q is available at: https://is.gd/7iPXUH About PEN Inc. Headquartered in Miami, Florida, PEN develops, commercializes and markets consumer and industrial products enabled by nanotechnology that solve everyday problems for customers in the optical, transportation, military, sports and safety industries. The Company's primary business is the formulation, marketing and sale of products enabled by nanotechnology including the ULTRA CLARITY brand eyeglass cleaner, CLARITY DEFOGIT brand defogging products and CLARITY ULTRASEAL nanocoating products for glass and ceramics. The Company also sells an environmentally friendly surface protector, fortifier, and cleaner. The Company's design center conducts product development services for government and private customers and develops and sells printable inks and pastes, thermal management materials, and graphene foils and windows. PEN was formed in 2014, and is the successor to Applied Nanotech Holdings Inc. that had been formed in 1989. In the combination that created PEN, Nanofilm, Ltd. acquired Applied Nanotech Holdings, Inc. PENOBSCOT VALLEY: KeyBank Objects to Plan & Disclosures ------------------------------------------------------- Creditor KeyBank, N.A., objects to the Chapter 11 Plan which appears at DE 223 and DE 224 Disclosure Statement of Debtor Penobscot Valley Hospital. KeyBank is the holder of an executory contract between itself and Debtor that provides for the lease of equipment to Debtor. The Debtor's Plan and Disclosure Statement alleges that KeyBank's proof of claim is untimely, alleges that KeyBank's claim is unsecured, discloses KeyBank as a secured creditor (as opposed to a party to an executory contract) and objects to its allowance. The Debtor's Plan and Disclosure Statement disclose KeyBank's interest as a secured creditor unimpaired and thereby not able to vote, which, according to KeyBank, is incorrect given the Debtor's attempted classification of KeyBank's interest as either a secured creditor with little to no value to its security or as a secured creditor that was required to timely file a proof of claim. KeyBank objects to the Disclosure Statement and Plan to the extent that it discloses KeyBank's interest as something other than a holder of an executory contract. According to KeyBank, adequate information is necessary to approve a Plan and Debtor's Disclosure Statement fails to adequately disclose KeyBank's interest and proposed treatment in the Disclosure and Plan. A full-text copy of the objection is available at https://tinyurl.com/yx89cr4p from PacerMonitor.com at no charge. KeyBank is represented by Andrew W. Sparks, Esq. of DRUMMOND & DRUMMOND, LLP. About Penobscot Valley Hospital Penobscot Valley Hospital -- http://www.pvhme.org/-- operates a general medical and surgical facility in Lincoln, Maine. It has been serving the community for over 40 years with a wide variety of services and treatment options. Penobscot Valley Hospital sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Maine Case No. 19-10034) on Jan. 29, 2019. At the time of the filing, the Debtor was estimated to have assets of $1 million to $10 million and liabilities of $1 million to $10 million. The case is assigned to Judge Michael A. Fagone. The Debtor tapped Murray Plumb & Murray as its legal counsel. PES HOLDINGS: US Trustee Says Disclosures Inadequate ---------------------------------------------------- Andrew R. Vara, the Acting United States Trustee for Region 3, objects to PES Holdings LLC, et al.'s Disclosure Statement. According to the U.S. Trustee, the Disclosure Statement in its present form does not satisfy the adequate information standard of 11 U.S.C. Sec. 1125 and should not be approved. It notes that: * The Disclosure Statement omits material financial disclosures, was filed without a liquidation analysis or other supporting financial disclosures. * The Disclosure Statement does not provide adequate information concerning the Plan's feasibility or whether the Plan will pay to the creditor body not less than it would receive if the case were a case under Chapter 7 of the Bankruptcy Code. * The Disclosure Statement also fails to provide adequate information about the proposed post-confirmation oversight and operations, because materials germane to the funding and performance of the Plan and issues affecting executory contracts are being withheld until the Plan Supplement is filed. About PES Holdings Headquartered in Philadelphia, Pennsylvania, PES Holdings LLC and its subsidiaries are owners and operators of oil refining complex and have been continuously operating in some form for over 150 years. PES Energy Inc. is the indirect parent company of Philadelphia Energy Solutions Refining and Marketing LLC (PESRM). PESRM owns and operates the Point Breeze and Girard Point oil refineries located on an integrated, 1,300-acre refining complex in Philadelphia. On Jan. 21, 2018, the Debtors filed petitions for relief under the Bankruptcy Code, and emerged from bankruptcy in August the same year. On June 21, 2019, the Debtors suffered a historic, large-scale, catastrophic incident involving an explosion at the alkylation unit at their Girard Point refining facility. Following the incident, the refinery has not been operational and will require an extensive rebuild. As a result of the explosion, PES Holdings, LLC, along with seven subsidiaries, including PES Energy, returned to Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 19-11626) on July 21, 2019. PES Holdings was estimated to have $1 billion to $10 billion in assets and the same range of liabilities as of the bankruptcy filing. The Debtors tapped Kirkland & Ellis LLP as general bankruptcy counsel; Pachulski Stang Ziehl & Jones LLP as local bankruptcy counsel; PJT Partners LP as financial advisor; and Alvarez & Marsal North America, LLC, as restructuring advisor. Omni Management Group, Inc., is the notice and claims agent. The Company's proposed DIP financing lenders are represented by Davis Polk & Wardwell LLP and Houlihan Lokey Capital, Inc. The Official Committee of Unsecured Creditors formed in the case has retained Conway MacKenzie, Inc., as financial advisor, Elliott Greenleaf, P.C., as Delaware counsel, and Brown Rudnick LLP as bankruptcy counsel. PETROSHARE CORP: Seeks to Hire Ordinary Course Professionals ------------------------------------------------------------ PetroShare Corp., and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the District of Colorado to employ Ordinary Course Professionals. PetroShare Corp. seeks to hire the following Ordinary Course Professionals: Individual/Firm Type of Monthly Fees and Professional/Services Expenses Cap Steptoe & Johnson Legal-Regulatory $8,000 PLLC Kearney, McWilliams Legal-Title $4,000 & Davis Discovery Land Services, Title Services $4,000 LLC To the best of the Debtors' knowledge the firms are a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their/its estates. About PetroShare Corp. Colorado-based PetroShare Corp. (OTCQB:PRHR) -- http://www.petrosharecorp.com/-- investigates, acquires, and develops crude oil and natural gas properties in the Rocky Mountain or mid-continent portion of the United States, specifically focused in the Denver-Julesburg Basin in northeast Colorado. On Sept. 4, 2019, PetroShare Corp. and affiliate CFW Resources LLC sought Chapter 11 protection (Bankr. D. Colo. Lead Case No. 19-17633). As of June 30, 2019, PetroShare Corp. disclosed $36,927,856 in assets and $45,100,988 in liabilities. The Debtors tapped Polsinelli PC as legal counsel; BMC Group, Inc. as claims and noticing agent; Gordian Group, LLC as investment banker; and MACCO Restructuring Group LLC as financial advisor. Mr. Drew McManigle from MACCO has been retained by the Debtors as chief restructuring officer. PHUONG NAM: Unsecured Creditors to Recover 10% in Plan ------------------------------------------------------ Phuong Nam Vietnamese Restaurant, LLC, filed a Chapter 11 Plan. The Plan will be funded by the Debtor's cash on hand as well as net operating income earned as a result of its operation of its business in Johnson City, New York. During the pendency of the Chapter 11 case, the Debtor's net operating income has averaged approximately $3,000 per month. The Plan treats claims and interests as follows: * Class 1 - New York State Taxation and Finance. IMPAIRED. Total amount of secured claim is $83,944.50. As there are no assets to secure the claim New York State Taxation and Finance, this entire claim of $83,944.59 will be paid as a priority claim along with NYS Taxation and Finance's filed priority claim in full over a 60-month period commencing on the Effective Date. * Class 3 - Workers Compensation Board of New York State. IMPAIRED. Total amount of secured claim $17,500. No proof of claim filed. As there are no assets to serve as collateral for this claim, the Claim of Workers Compensation Board of New York State shall be paid as an unsecured claim. * Class 4 - Quicksilver Capital. IMPAIRED. Total amount of secured claim $39,600. No Proof of Claim filed. Although Creditor Quicksilver Capital filed a confession of Judgment against Debtor on February 11, 2019, there are no assets securing their Claim. Creditor Quicksilver Capital shall be paid as an unsecured claim. * Class 5 - Green Capital. IMPAIRED. Total amount of secured claim $14,225. No Proof of Claim filed. As there are no assets to serve as collateral for this claim, the Claim of Green Capital shall be paid as an unsecured claim. * Class 6 - Wide Merchant Group. IMPAIRED. Total amount of secured claim $16,472. As there are no assets to serve as collateral for this claim, the Claim of Wide Merchant Group shall be paid as an unsecured claim. * Class 7 - General Unsecured Claims. IMPAIRED. Total amount of claims $98,280. The Debtor will pay an amount equal to 10% of all allowed Class 7 claims. Payment of Class 7 claims will begin on the first month after the Effective Date and continue thereafter for 60 months or until paid in full. Each allowed unsecured creditor will receive a pro rata portion of the monthly payment which will be $163.80 for a total payout of $9,828 to unsecured creditors. A full-text copy of the Disclosure Statement dated Nov. 27, 2019, is available at https://tinyurl.com/v8pqv3q from PacerMonitor.com at no charge. Attorneys for the Debtor: Peter A. Orville ORVILLE & MCDONALD LAW, PC 30 Riverside Drive Binghamton NY 13905 Tel: (607) 770-1007 Fax: (607) 770-1110 About Phuong Nam Vietnamese Restaurant Phuong Nam Vietnamese Restaurant, LLC, sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case No. 19-60132) on Jan. 31, 2019. At the time of the filing, the Debtor was estimated assets of less than $50,000 and liabilities of less than $500,000. Peter A. Orville, Esq., is the Debtor's bankruptcy attorney. No official committee of unsecured creditors has been appointed in the case. PORT CITY CLEANERS: Jan. 14 Plan Confirmation Hearing Set --------------------------------------------------------- Judge Jerry Oldshue, Jr., has ordered that the Disclosure statement of Port City Cleaners is approved. Jan. 7, 2020 is fixed as the last day for filing written objections to the Plan. Jan. 14, 2020, at 9:30 a.m., is the date fixed for the hearing on the confirmation of the Plan. About Port City Cleaners Inc. Port City Cleaners, Inc. filed a Chapter 11 petition (Bankr. S.D. Ala. Case No. 17-01472) on April 19, 2017. Robert M. Galloway, Esq., at Galloway, Wettermark, Everest & Rutens, LLP, serves as bankruptcy counsel. PVV LLC: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------ Debtor: PVV LLC dba Best Western Plus Pauls Valley 132 County Road 3628 Gainesville, TX 76240 Business Description: PVV LLC is a privately held company whose principal assets are located at 2509 W. Grant Avenue, Pauls Valley, Oklahoma. Chapter 11 Petition Date: December 24, 2019 Court: United States Bankruptcy Court Eastern District of Texas Case No.: 19-43432 Debtor's Counsel: Joyce Lindauer, Esq. JOYCE W. LINDAUER ATTORNEY, PLLC 12720 Hillcrest Road, Suite 625 Dallas, TX 75230 Tel: (972) 503-4033 E-mail: joyce@joycelindauer.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Ketan Patel, managing member. The Debtor failed to include in the petition a list of its 20 largest unsecured creditors. A copy of the petition is available from PacerMonitor for free at: https://is.gd/V5Zj7I QUALITY REIMBURSEMENT: Committee Hires Buchalter as Counsel ----------------------------------------------------------- The Official Committee of Unsecured Creditors of Quality Reimbursement Services, Inc., seeks authorization from the U.S. Bankruptcy Court for the Central District of California to retain Buchalter, a Professional Corporation, as counsel to the Committee. The Committee requires Buchalter to: a. advise and consult with the Committee concerning legal and practical questions arising in this case and concerning the rights and remedies of the Committee with regard to property of the estate; claims asserted against the Debtor and its estate, and claims the Debtor and its estate may hold against third parties; b. appear in, prosecute and defend suits and proceedings concerning the property of the estate and matters relating thereto; c. take all necessary and proper steps in other matters involving or connected with the affairs of the estate; d. prepare on behalf of the Committee necessary applications, motions, pleadings, orders, reports and other papers required to be filed in or in connection with the Debtor's chapter 11 case; and e. perform all other legal services for the Committee that may be necessary. Buchalter will be paid at these hourly rates: Shareholders $400 to $1,075 Of Counsels/Senior Counsels $350 to $810 Associates $225 to $565 Law Clerks and Paralegals $100 to $350 Buchalter will also be reimbursed for reasonable out-of-pocket expenses incurred. Bernard D. Bollinger, Jr., a partner at Buchalter, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and (a) is not creditors, equity security holders or insiders of the Debtor; (b) has not been, within two years before the date of the filing of the Debtor's chapter 11 petition, directors, officers or employees of the Debtor; and (c) does not have an interest materially adverse to the interest of the estate or of any class of creditors or equity security holders, by reason of any direct or indirect relationship to, connection with, or interest in, the Debtor, or for any other reason. Buchalter can be reached at: Bernard D. Bollinger, Jr., Esq. Mirco Haag, Esq. BUCHALTER, A Professional Corporation 1000 Wilshire Boulevard, Suite 1500 Los Angeles, CA 90017-2457 Telephone: (213) 891-0700 Facsimile: (213) 896-0400 E-mail: bbollinger@buchalter.com bharvey@buchalter.com About Quality Reimbursement Services Quality Reimbursement Services, Inc. -- http://www.qualityreimbursement.com/-- has been reviewing Medicare and Medicaid cost reports for more than twelve years. The Company's corporate office is located in Arcadia (CA). The Company also has offices located in Birmingham (AL), Scottsdale (AZ), Los Angeles (CA), Colorado Springs (CO), Jacksonville (FL), Chicago (IL), Detroit and Shelby Township (MI), Guttenberg (NJ), Dallas/Fort Worth (TX), and Spokane (WA). Quality Reimbursement Services filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-20918) on Sept. 13, 2019. In the petition signed by James C. Ravindran, president/CEO, the Debtor was estimated to have $1 million to $10 million in assets and $10 million to $50 million in liabilities. Judge Julia W. Brand oversees the case. Garrick A. Hollander, Esq., at Winthrop Couchot Golubow Hollander, LLP, represents the Debtor. The Office of the U.S. Trustee on Oct. 22, 2019, appointed five creditors to serve on the official committee of unsecured creditors in the Chapter 11 case of Quality Reimbursement Services, Inc. The Committee hires Buchalter, a Professional Corporation, as counsel. RADFORD QUARRIES: Jan. 10 Hearing on Disclosure Statement Set ------------------------------------------------------------- Judge Laura T. Beyer has ordered that the hearing to consider approval of the disclosure statement of Radford Quarries, Inc. will be held on Jan. 10, 2020 at 11:00 AM , Bankruptcy Courtroom, First Floor, 200 West Broad Street, Statesville, NC 28677. The last date to file and serve written objections to the disclosure statement is fixed as Jan. 3, 2020. About Radford Quarries Radford Quarries, Inc., owns a small materials sales business with operations in Ashe, Avery, Watauga, and Wilkes Counties of North Carolina and Johnson County of Tennessee. Its products include crushed stone, sand, dirt, and deicer. Radford Quarries, Inc., filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 19-50454) on July 26, 2019. In the petition signed by D.J. Cecile, Jr., vice president and chief financial officer, the Debtor was estimated to have up to $50,000 in assets and $1 million to $10 million in liabilities. The case is assigned to Judge Laura T. Beyer. Richard S. Wright, Esq., at Moon Wright & Houston, PLLC, represents the Debtor. RENAISSANCE HEALTH: Jan. 14, 2020 Plan & Disclosures Hearing Set ---------------------------------------------------------------- On Nov. 12, 2019, debtor Renaissance Health Publishing, LLC d/b/a Renown Health Products filed with the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, a disclosure statement with respect to a plan. On Dec. 5, 2019, Judge Mindy A. Mora conditionally approved the disclosure statement and established the following dates and deadlines: * Jan. 14, 2020, at 1:30 p.m. in the United States Bankruptcy Court, 1515 North Flagler Drive, Room 801, Courtroom A West Palm Beach, Florida 33401 is the hearing on final approval of disclosure statement, confirmation hearing and hearing on fee applications. * Dec. 31, 2019, is the deadline for objections to claims and fee applications. * Jan. 7, 2020, is fixed as the last day for filing written acceptances or rejections of the plan. * Jan. 9, 2020, is fixed as the last day for filing and serving written objections to the disclosure statement and confirmation of the plan. A full-text copy of the order is available at https://tinyurl.com/wq9txj3 from PacerMonitor.com at no charge. The Debtor is represented by: Aaron A. Wernick, Esq. Furr Cohen, P.A. 2255 Glades Road, Suite 301E Boca Raton, FL 33431 Tel: (561) 395-0500 Fax: (561) 338-7532 E-mail: awernick@furrcohen.com About Renaissance Health Publishing d/b/a Renown Health Products Renaissance Health Publishing, LLC, doing business as Renown Health Products, filed a Chapter 11 bankruptcy petition (Bankr. S.D. Fla. Case No. 19-13729) on March 22, 2019, disclosing under $1 million in both assets and liabilities. The Debtor tapped Aaron A. Wernick, Esq., at Furr Cohen, P.A., as bankruptcy counsel, and Schneider Rothman IP Law Group, as special counsel. SANAM CONYERS: US Trustee Objects to Plan & Disclosures ------------------------------------------------------- Nancy J. Gargula, United States Trustee for Region 21, objects to final approval of the Disclosure Statement for OHM Conyers Lodging, LLC and to confirmation of the Plan of Reorganization for OHM Conyers Lodging, LLC. The U.S. Trustee points out that the disclosure statement does not contain adequate information and fails to satisfy the requirements of Section 1125 of the bankruptcy code. It points out that the Disclosure Statement lacks information regarding key relationships, a sufficient liquidation analysis, as well as information regarding the Debtor's insurance. The United States Trustee objects to confirmation of the Plan because the Plan Proponent has failed to show that it satisfies Sec. 1129 of the Bankruptcy Code. According to the U.S. Trustee, Section 4.1 of the Plan, in particular, sets a bar date for administrative claims without evidence establishing that all potential administrative claimants have been served and given all notification necessary and appropriate to meet said deadline. While United States Trustee claims are statutory and not bound by such a date, the United States Trustee objects to the Plan to the extent that it would attempt to undermine the validity of her claims in any way. About OHM Conyers OHM Conyers owns and operates a single hotel located at 1659 Centennial Olympic Parkway NE, Conyers, GA 30013 d/b/a Hawthorn Suites Covington, which it acquired on March 18, 2015 at a cost of $3,525,000.00. OHM Conyers and affiliate Sanam Conyers Lodging, LLC, sought Chapter 11 protection (Bankr. N.D. Ga. Case No. 19-54795 and 19-54798) on March 26, 2019. The lead case is In re Sanam Conyers Lodging (Bankr. N.D. Ga. Case No. 19-54798). Danowitz Legal, PC, is the Debtors' counsel. SHARING ECONOMY: Reports Third Quarter Net Loss of $1.11 Million ---------------------------------------------------------------- Sharing Economy International Inc. filed with the Securities and Exchange Commission its quarterly report on Form 10-Q reporting a net loss of $1.11 million on $1.68 million of revenues for the three months ended Sept. 30, 2019, compared to a net loss of $18.57 million on $2.52 million of revenues for the three months ended Sept. 30, 2018. For the nine months ended Sept. 30, 2019, the Company reported a net loss of $28.41 million on $5.24 million of revenues compared to a net loss of $29.46 million on $7.65 million of revenues for the same period in 2018. As of Sept. 30, 2019, the Company had $14.22 million in total assets, $7.56 million in total liabilities, and $6.66 million in total stockholders' equity. At Sept. 30, 2019 and Dec. 31, 2018, the Company had cash balances of approximately $93,000 and $782,000, respectively. These funds are located in financial institutions located in Hong Kong, China and United States. Net cash flow used in operating activities was approximately $389,000 for the nine months ended Sept. 30, 2019 as compared to net cash flow used in operating activities of $3,204,000 for the ninea months ended Sept. 30, 2018, a decrease of approximately $2,815,000. Net cash flow used in investing activities was approximately $100,000 for the nine months ended Sept. 30, 2019 as compared to net cash flow used in investing activities of approximately $72,000 for the nine months ended Sept. 30, 2018. For the nine months ended Sept. 30, 2019, net cash flow used in purchase of property and equipment of approximately $100,000. For the nine months ended Sept. 30, 2018, net cash flow used in purchase of property and equipment of approximately $74,000, offset by cash received from the purchase subsidiary operations of approximately $2,000. Net cash flow provided by financing activities was approximately $79,000 for the nine months ended Sept. 30, 2019 as compared to approximately $3,056,000 for the nine months ended Sept. 30, 2018. During the nine months ended Sept. 30, 2019, the Company received proceeds from bank loans of approximately $875,000, proceeds for the increase in bank acceptance notes payable of approximately $22,000, advance from related party of approximately $520,000 and proceeds from sale of common stock of approximately $200,100, offset by repayments for bank loans of approximately $1,505,000 and payments for the decrease in related party advances of approximately $32,000. During the nine months ended Sept. 30, 2018, the Company received proceeds from convertible note of $900,000 and deducted offering costs paid by $195,000, the Company also received proceeds from bank loan of $1,856,000, advance from related party of $1,811,000 and proceeds from sale of common stock of $256,000, offset by repayments for bank loan of $1,304,000 and payments for the decrease in bank acceptance notes payable of $268,000. "We have historically funded our capital expenditures through cash flow provided by operations and bank loans. We intend to fund the cost by obtaining financing mainly from local banking institutions with which we have done business in the past. We believe that the relationships with local banks are in good standing and we have not encountered difficulties in obtaining needed borrowings from local banks." A full-text copy of the Form 10-Q is available for free at: https://is.gd/axACel About Sharing Economy Headquartered in Jiangsu Province, China, Sharing Economy International Inc. -- http://www.seii.com-- is engaged in the manufacture and sales of textile dyeing and finishing machines and sharing economy businesses. Given the headwinds affecting its manufacturing business, Sharing Economy continued to pursue what it believes are high growth opportunities for the Company, particularly its new business divisions focused on the development of sharing economy platforms and related rental businesses within the company. These initiatives are still in an early stage and are dependent in large part on availability of capital to fund their future growth. The Company did not generate significant revenues from its sharing economy business initiatives in 2018. Sharing Economy reported a net loss of $42.08 million for the year ended Dec. 31, 2018, compared to a net loss of $12.92 million for the year ended Dec. 31, 2017. As of Dec. 31, 2018, Sharing Economy had $46.34 million in total assets, $10.90 million in total liabilities, and $35.43 million in total stockholders' equity. RBSM LLP, New York, the Company's auditor since 2012, issued a "going concern" qualification in its report dated April 16, 2019, on the Company's consolidated financial statements for the year ended Dec. 31, 2018, citing that the Company has suffered recurring losses from operations, generated negative cash flows from operating activities, has an accumulated deficit that raise substantial doubt exists about Company's ability to continue as a going concern. SOUTHERN FOODS: Hires Epiq as Claims and Noticing Agent ------------------------------------------------------- Southern Foods Group, LLC, and its debtor-affiliates seek authority from the U.S. Bankruptcy Court for the Southern District of Texas to employ Epiq Corporate Restructuring LLC, as claims, noticing, solicitation and administrative agent to the Debtors. Southern Foods requires Epiq to: (a) prepare and serve required notices and documents in the Chapter 11 Cases in accordance with the Bankruptcy Code, the Bankruptcy Rules, and the Local Rules in the form and manner directed by the Debtors and/or the Court, including, if applicable, (i) notice of the commencement of the Chapter 11 Cases and the initial meeting of creditors under section 341(a) of the Bankruptcy Code, (ii) notice of any claims bar date, (iii) notices of transfers of claims, notices of objections to claims, and objections to transfers of claims, (iv) notices of any hearings on a disclosure statement and confirmation of the Debtors' chapter 11 plan, including under Bankruptcy Rule 3017(d), (v) notice of the effective date of any chapter 11 plan, and (vi) all other notices, orders, pleadings, publications, and other documents as the Debtors and/or the Court may deem necessary or appropriate for an orderly administration of the Chapter 11 Cases; (b) prepare and file, or cause to be filed, with the Clerk an affidavit or certificate of service for all notices, motions, orders, other pleadings, or documents served within seven business days of service that includes (i) either a copy of the notice served or the docket number(s) and title(s) of the pleading(s) served, (ii) a list of persons to whom it was mailed (in alphabetical order) with their addresses, (iii) the manner of service, and (iv) the date served; (c) assist the Debtors with administrative tasks in the preparation of their bankruptcy Schedules of Assets and Liabilities ("Schedules") and Statements of Financial Affairs ("Statements"), including (as needed) (i) coordinating with the Debtors and their advisors regarding the Schedules and Statements process, requirements, timelines, and deliverables, (ii) creating and maintaining databases for maintenance and formatting of Schedules and Statements data, (iii) coordinating collection of data from the Debtors and their advisors, and (iv) providing data entry and quality assurance assistance regarding Schedules and Statements; (d) assist the Debtors in managing the claims reconciliation and objection process; (e) maintain (i) a list of all potential creditors, equity holders, and other parties in interest and (ii) a "core" mailing list consisting of all parties described in Bankruptcy Rule 2002 and those parties that have filed a notice of appearance pursuant to Bankruptcy Rule 9010, and update said lists and make said lists available upon request by a party in interest or the Clerk; (f) furnish a notice to all potential creditors of the last date for filing proofs of claim and a form for filing a proof of claim, after such notice and form are approved by the Court, and notifying potential creditors of the existence, amount, and classification of their respective claims as set forth in the Schedules, which may be effected by inclusion of such information (or the lack thereof, in cases where the Schedules indicate no debt due to the subject party) on a customized proof of claim form provided to potential creditors; (g) maintain a post office box or address for the purpose of receiving claims and returned mail, and processing all mail received; (h) process all proofs of claim received, including those Received by the Clerk's office, and checking said processing for accuracy, and maintaining the original proofs of claim in a secure area; (i) maintain the official claims registers for the Debtors (the "Claims Registers") on behalf of the Clerk and specifying in each of the Claims Registers the following information for each claim docketed: (i) the claim number assigned, (ii) the date received, (iii) the name and address of the claimant and agent, if applicable, who filed the claim, (iv) the amount asserted, (v) the asserted classification(s) of the claim (e.g., secured, unsecured, priority, etc.), and (vi) any disposition of the claim, and, upon the Clerk's request, providing the Clerk with certified, duplicate unofficial Claims Registers; (j) periodically file with the Court a notice of the list of claims that have been filed with Epiq; (k) implement necessary security measures to ensure the completeness and integrity of the Claims Registers and the safekeeping of the original claims; (l) record all transfers of claims and providing any notices of such transfers as required by Bankruptcy Rule 3001(e); (m) relocate, by messenger or overnight delivery, all of the Court-filed proofs of claim to the offices of Epiq, not less than weekly; (n) upon completion of the docketing process for all claims received to date for each Chapter 11 Case, turning over to the Clerk copies of the Claims Registers for the Clerk's review (upon the Clerk's request); (o) monitor the Court's docket for all notices of appearance, address changes, and claims-related pleadings and orders filed, and make necessary notations on and/or changes to the Claims Registers; (p) assist in the dissemination of information to the public and responding to requests for administrative information regarding the Chapter 11 Cases, as directed by the Debtors or the Court, including through the use of a case website and/or call center; (q) if the Chapter 11 Cases are converted to cases under chapter 7 of the Bankruptcy Code, contacting the Clerk's office within three days of notice to Epiq of entry of the order converting the Chapter 11 Cases; (r) 30 days prior to the close of the Chapter 11 Cases, to the extent practicable, requesting that the Debtors submit to the Court a proposed order dismissing Epiq and terminating Epiq's services upon completion of its duties and responsibilities and upon the closing of the Chapter 11 Cases; (s) at least seven days before entry of an order closing the Chapter 11 Cases, reconciling all proofs of claim with the Court to ensure that all claims received by Epiq are accounted for on the Claims Register; (t) at the close of the Chapter 11 Cases, boxing and transporting all original documents, in proper format, as provided by the Clerk's office, to (i) the Federal Archives Record Administration, located at Central Plains Region, 200 Space Center Drive, Lee's Summit, Missouri 64064 or (ii) any other location requested by the Clerk's Office; (u) coordinate publication of certain notices in periodicals and other media; (v) to the extent necessary, distributing claim acknowledgement cards to creditors having filed a proof of claim or interest, as applicable; (w) provide balloting, solicitation, and tabulation services, including preparing ballots, producing personalized ballots, assisting in the production of solicitation materials, tabulating creditor ballots on a daily basis, preparing a certification of voting results, and providing court testimony with respect to balloting, solicitation, and tabulation matters; (x) provide state-of-the-art call center facility and services, including (as needed), (i) creating of frequently asked questions, call scripts, escalation procedures and call log formats, (ii) recording automated messaging, (iii) training call center staff, and (iv) maintaining and transmitting call log to the Debtors and their advisors; (y) create and maintain a public access website setting forth pertinent case information and allowing access to electronic copies of proofs of claim or proofs of interest; (z) provide the Debtors with consulting and computer software support regarding the reporting and information management requirements of the bankruptcy administration process; (aa) educate and train the Debtors in the use of support software, as necessary; (bb) generate, assist with, and provide strategic Communications advice, strategy, and expertise, as needed; (cc) if requested by the Debtors, acting as disbursing agent (to the extent such services are not performed by another agent) in connection with the distributions required under a confirmed chapter 11 plan; and (dd) provide such other claims processing, noticing, and related administrative services as may be requested from time to time by the Debtors. Epiq will be paid at these hourly rates: Executives No Charge Executive Vice President, Solicitation $200 Solicitation Consultant $180 Consultants/ Directors/Vice Presidents $165–$185 Case Managers $65-$160 IT / Programming $35–$85 Clerical/Administrative Support $30–$45 Epiq will be paid a retainer in the amount of $25,000. Epiq will also be reimbursed for reasonable out-of-pocket expenses incurred. Bridget Gallerie, senior director of Epiq Corporate Restructuring LLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtors and their estates. Epiq can be reached at: Bridget Gallerie EPIQ CORPORATE RESTRUCTURING, LLC 777 3rd Ave., 12th Floor New York, NY 10017 Tel: (212) 225-9200 About Southern Foods Group, LLC Southern Foods Group, LLC, d/b/a Dean Foods, is a food and beverage company and a processor and direct-to-store distributor of fresh fluid milk and other dairy and dairy case products in the United States. The Company and its 40+ affiliates filed for bankruptcy protection on Nov. 12, 2019 (Bankr. S.D. Texas, Lead Case No. 19-36313). The petitions were signed by Gary Rahlfs, senior vice president and chief financial officer. Judge David Jones presides over the cases. The Debtors posted estimated assets and liabilities of $1 billion to $10 billion. David Polk & Wardell LLP serves as general bankruptcy counsel to the Debtors, and Norton Rose Fulbright US LLP serves as local counsel. Alvarez Marsal is financial advisor to the Debtors, Evercore Group LLC is investment banker, and Epiq Corporate Restructuring LLC is notice and claims agent. SOUTHERN ILLINOIS: Unsecureds to Be Paid Over Time in Plan ---------------------------------------------------------- Steven Ludwig and Southern Illinois Family Fun Center, Inc., filed a Joint Plan of Reorganization. In order to satisfy the secured claim against Steve and Southern, upon the Effective Date of the Plan, Southern will close a transaction refinancing its secured obligation for sum substantially less than the amount actually due and owing. The secured creditor will have no unsecured claim for the unsatisfied balance of its claim, which will be discharged. Southern will continue to operate its business in order to make the payments required under the Plan and with respect to the refinanced secured indebtedness. Specifically, Southern will continue to operate its bowling facility and family fun center, and Steve will continue to operate Southern. Steve will also commit a portion of his salary from Southern to make payments required under the Plan. The Debtors believe that those continued operations will provide sufficient cash flow to pay operating expenses and make all payments required of them under the Plan and those payments necessary to fund their post-confirmation secured obligations. Lender has agreed that the value of collateral securing Peoples Note 1 and Peoples Note 2 is $900,000. Lender has agreed to deem satisfied all outstanding debt owed to Lender upon receipt of payment in full of $900,000 plus interest. The Plan contemplates a bifurcation and ultimate reduction of Debtors' existing obligations to Lender, resulting in payment of $900,000 to Lender, payable in monthly installments by Steve and Southern, which will be secured by a mortgage lien on Southern's Facility. The plan also provides for payments over time from the Debtors' respective business operations to Steve's and Southern's unsecured creditors. The Plan treats unsecured claims as follows: * Class 4: Allowed General Unsecured Claims against Steve. Under the Plan, Allowed Claims in Class 4 will be paid their respective ratable portion of the aggregate sum of $15,000 payable by Steve as follows: $15,000 in equal monthly installments of $300 beginning on the Effective Date and continuing on the same day of each month thereafter. * Class 5: Allowed General Unsecured Claims against Southern (Other Than Insider Claims). Under the Plan, Allowed Claims in Class 5 will be paid their respective ratable portion of the aggregate sum of $25,000 payable by Southern as follows: $25,000 in equal monthly installments of $1,000 beginning on the Effective Date and continuing on the same day of each month thereafter. The Debtors believe their business operations will generate sufficient revenue to make all payment required under the Plan, including payments to unsecured creditors and payments on account of its payment obligation to the Lender as set forth in the Plan. A full-text copy of the Disclosure Statement dated November 27, 2019, is available at https://tinyurl.com/squmrqn from PacerMonitor.com at no charge. Counsel to the Debtors: Steven M. Wallace Amanda R. McQuaid HeplerBroom, LLC 130 North Main St. Edwardsville, Illinois 620225 Tel: 618-307-1185 E-mail: steven.wallace@heplerbroom.com About Southern Illinois Family Fun Center Southern Illinois Family Fun Center, Inc., owns and operates a bowling alley in Carterville, Illinois with regular bowling, duckpin bowling, arcade, snack bar, and a lounge. Southern Illinois Family Fun Center, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 19-40241) on March 28, 2019. At the time of the filing, the Debtor was estimated to have assets of less than $100,000 and liabilities of between $1 million and $10 million. The case is assigned to Judge Laura K. Grandy. Steven M. Wallace, Esq., at Heplerbroom, LLC, is the Debtor's legal counsel. No official committee of unsecured creditors has been appointed in the Chapter 11 case. SVP: Ch. 11 Trustee Objects to Sullivans' Plan Disclosures ---------------------------------------------------------- Andrea A. Wirum, Chapter 11 Trustee of the estate of debtor SVP, files this objection to the Disclosure Statement component of the Joint Plan and Disclosure Statement filed by Ross Sullivan and Kelleen Sullivan on November 12, 2019. The Trustee points out that in page 2, lines 22-28: A Chapter 7 liquidation would result in payment in full of all allowed claims other than the currently disputed claims of Stephen A. Finn and Winery Rehabilitation, LLC. The Disclosure Statement should make clear to creditors that they will not be paid interest under the Plan and will be paid interest in a Chapter 7 liquidation. The Trustee further points out that in page 9, line 14: The stipulations have been approved in both cases and the Disclosure Statement should be amended to reflect approval. According to the Trustee in page 12, lines 7 – 20: If affirmative claims other than the claim against the Buchalter firm exist, they should be identified in some manner. The Trustee complains that in page 18, lines 12-13: The description of Class 2 should eliminate reference to the SVP inter-company prepetition receivable because it is not a debt in the SVP case. The Trustee asserts that in pages 20 – 21 ("Professional Compensation"): If "persons" other than actual professionals will be paid (e.g., Ross Sullivan), they should be identified and the title of the section should be changed to "Professional and Management Compensation" or something similar. The Trustee points out that in page 22, section 8.8: This section on timing of distributions is not clear. There should be specific time given for the distribution or distributions to Class 2 creditors. Counsel for SVP Chapter 11 Trustee Andrea A. Wirum: Charles P. Maher RINCON LAW, LLP 200 California Street, Suite 400 San Francisco, CA 94111 Telephone No.: 415-840-4199 Facsimile No.: 415-680-1712 E-mail: cmaher@rinconlawllp.com About Sullivan Vineyards SVP (formerly known as Sullivan Vineyards Partnership), owned land at 1090 Galleron Road, Rutherford, California (the "Winery Property"). SVC, formerly known as Sullivan Vineyards Corporation, is a California corporation formed in 1987 to own and operate the business located at the Winery Property known as Sullivan Vineyards. As is common in the wine industry, the entities used a parallel partnership and corporation structure, with SVP owning the land and SVC owning the winery business. Together with their five children, parents Joanna Sullivan and James O'Neil Sullivan began Sullivan Vineyards as a family business. Sullivan Vineyards Corporation filed a Chapter 11 petition (Bankr. N.D. Cal. Case No. 17-10065), on Feb. 1, 2017, estimating assets at $1 million to $10 million and liabilities at $10 million to $50 million at the time of the filing. Sullivan Vineyards Partnership sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 17-10067) on Feb. 2, 2017, disclosing $18.99 million in assets and $14.27 million in liabilities. The case is assigned to Judge Alan Jaroslovsky. The Debtors are represented by Steven M. Olson, Esq., at the Law Office of Steven M. Olson. At a hearing on Aug. 21, 2017, the Court ordered the appointment of a chapter 11 trustee in both cases. Thereafter, the Office of the United States Trustee selected Timothy Hoffman to be the Trustee of both estates. Later, Mr. Hoffman resigned from his position in the Bankruptcy Case, at which point Andrea Wirum was appointed to serve as the chapter 11 trustee for this Bankruptcy Case On Nov. 10, 2017, Mr. Hoffman filed a Motion to Sell Real and Personal Property Assets, by which the Trustee sold to Vite USA, Inc., substantially all of the Debtor's real and personal property assets related to the Winery Property. The Bankruptcy Court granted the Sale Motion at a hearing on Dec. 11, 2017. On Jan. 10, 2018, the sale closed. In connection with the closing of the sale, Finn and WR (together, the "Finn Creditors") were paid total consideration of $17,798,405, which sum included $2,647,834 of attorneys' fees and other costs, in addition to principal and interest. TREESIDE CHARTER: Hires Red Apple as Accountant and Advisor ----------------------------------------------------------- Treeside Charter School seeks authority from the U.S. Bankruptcy Court for the District of Utah to employ Red Apple Charter Development, Inc. d/b/a Red Apple Financial, as accountant and business advisor to the Debtor. Treeside Charter requires Red Apple to: a. render accounting assistance in the Debtor's day-to-day business, such as payroll, managing accounts receivable and accounts payable (for post-petition ordinary course transactions), budgeting, and the like; b. provide tax analysis and prepare any required tax returns; c. assist the Debtor with financial (and other) reporting required to keep it in compliance with the laws applicable to charter schools; d. provide general business support to the Debtor, such as time-management systems, employee portals, and automated management; and e. advise the Debtor on any other accounting or financial matters that may arise in the Debtor's estate. Red Apple will charge the Debtor $5,900 per month for its typical accounting and business services. Red Apple's hourly rates range between $75 to $125 per hour. Red Apple will also be reimbursed for reasonable out-of-pocket expenses incurred. Steven Finley, member of Red Apple Charter Development, Inc. d/b/a Red Apple Financial, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Red Apple can be reached at: Steven Finley RED APPLE CHARTER DEVELOPMENT, INC. D/B/A RED APPLE FINANCIAL 433 North 1500 West Marriott-Slaterville, UT 84404 Tel: (801) 394-4140 About Treeside Charter School Treeside Charter School filed a voluntary Chapter 11 Petition (Bankr. D. Utah Case No. 19-28378) on November 12, 2019. The Debtor listed $1 million to $10 million in both assets and liabilities. The Debtor is represented by George Hofmann, Esq. and Jeffrey L. Trousdale, Esq., at Cohne Kinghorn, P.C. US-CHINA PROFESSIONAL: Unsecureds to Recover 100% in Plan --------------------------------------------------------- US-China Professional Tours, Inc., filed a plan of reorganization that rojects that unsecured creditors holding allowed claims will recover 100 cents on the dollar. Holders of allowed non-priority unsecured claims will be paid their pro rata share of "net available cash" on the later of 180 days after the Effective Date of the Plan or on the date which such all such claims are allowed by a final non-appealable order. Holders of equity interests in the Debtor will receive their pro rata share of Net Available Cash only after payment in full of all claims in Classes 1 (priority claims) and 2 (non-priority unsecured claim). Absent payment in full of all such claims, the equity interests of the Debtor are canceled. A full-text copy of the Plan of Reorganization for Small Business Under Chapter 11 dated November 30, 2019, is available at https://tinyurl.com/u525kuq from PacerMonitor.com at no charge. Attorney for the Plan Proponent: Erine E. Jones About US-China Professional Tours US-China Professional Tours, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 19-34218) on Aug. 1, 2019. At the time of the filing, the Debtor had estimated assets of less than $50,000 and liabilities of less than $50,000. The case is assigned to Judge Eduardo V. Rodriguez. UTOPIX MEDICAL: Unsecureds to be Paid in Full in 5 Years -------------------------------------------------------- Utopix Medical, LLC filed with the U.S. Bankruptcy Court for the Eastern District of Texas a Chapter 11 plan and a disclosure statement. General Unsecured Class shall be paid in full on a quarterly basis over 5 years. Equity interest holders will retain their respective interests upon Plan confirmation. Payments and distributions under the Plan will be funded by cash on hand and revenue separated from business operations, as well as income earned from the Administrative Services Agreements with ProviFlo, LLC and Tensegrit, LLC. The financial projections show that the Debtor will have an aggregate annual average cash flow, after paying operating expenses and post-confirmation taxes, of $350,000. A full-text copy of the Plan is available at https://tinyurl.com/sm3lejb from PacerMonitor.com at no charge. About Utopix Medical Utopix Medical, LLC -- https://utopixmedical.com/ -- is an emerging medical device company based in Texas. The Company has developed a novel solution for unmet needs surrounding low mobility patients. Utopix Medical, LLC, based in Frisco, TX, filed a Chapter 11 petition (Bankr. E.D. Tex. Case No. 19-41010) on April 15, 2019. In the petition signed by CEO Taylor W. Hanes, the Debtor was estimated to have $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The Hon. Brenda T. Rhoades oversees the case. Christina Walton Stephenson, Esq., at Crowe & Dunlevy, PC, serves as bankruptcy counsel to the Debtor. Sheilds Legal Group, is special counsel. VALLEY ECONOMIC: Hires Keen-Summit as Real Estate Consultant ------------------------------------------------------------ Valley Economic Development Center, Inc., seeks authority from the U.S. Bankruptcy Court for the Central District of California to employ Keen-Summit Capital Partners LLC, as broker and real estate consultant to the Debtor. Valley Economic requires Keen-Summit to assist the Debtor with the disposition of its unencumbered loan portfolio, and potentially its real property interests, and to provide real estate consulting services related to the Debtor's real property interests. Keen-Summit will be paid at these hourly rates: Managing Directors $625 Directors $575 Vice Presidents $525 Managers $475 Keen-Summit will also be paid as follows: i. Loan Property Transaction Fee. As and when the Debtor closes a Loan Property Transaction, whether such transaction is completed individually or as part of a package as part of a Bankruptcy Code section 363 sale, or as part of a plan of reorganization, then Keen-Summit shall have earned compensation per Loan Property Transaction equal to the greater of two percent (2%) of "Gross Proceeds" from the Loan Property Transaction or fifty-five thousand dollars ($55,000) (the "Loan Property Transaction Fee"). ii. Buildings Property Transaction Fee. If the Debtor elects to pursue a Buildings Property Transaction 2 , as and when the Debtor closes a Buildings Property Transaction, whether such transaction is completed individually or as part of a package as part of a Bankruptcy Code section 363 sale or as part of a plan of reorganization, then Keen- Summit shall have earned compensation per Buildings Property Transaction equal to five percent (5%) of "Gross Proceeds" from the Buildings Property Transaction (the "Buildings Property Transaction Fee"). Keen-Summit will also be reimbursed for reasonable out-of-pocket expenses incurred. Harold Bordwin, partner of Keen-Summit Capital Partners LLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Keen-Summit can be reached at: Harold Bordwin KEEN-SUMMIT CAPITAL PARTNERS LLC 1 Huntington Quadrangle, Suite 2C04 Melville, NY 11747 Telephone: (646) 381-9202 About Valley Economic Development Center Valley Economic Development Center, Inc., a certified Community Development Financial Institution, is a California tax-exempt non-profit corporation whose mission is to provide financing assistance, management consulting, and training to entrepreneurs and small business owners in and around Los Angeles County and throughout California. Those services include business training for start-up and fledgling small businesses as well as services to more established existing small businesses. Valley Economic Development Center sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-11629) on July 2, 2019. At the time of the filing, the Debtor was estimated to have assets between $10 million and $50 million and liabilities of the same range. The case has been assigned to Judge Deborah J. Saltzman. Levene, Neale, Bender, Yoo & Brill L.L.P. is the Debtor's bankruptcy counsel. VIDANGEL INC: Trustee Hires Magleby Cataxinos as Special Counsel ---------------------------------------------------------------- George Hofmann, the Chapter 11 Trustee of Vidangel, Inc., seeks authority from the U.S. Bankruptcy Court for the District of Utah to employ Magleby Cataxinos & Greenwood, P.C., as special counsel to the Trustee. The Debtor listed a potential malpractice claim against attorney David Quinto ("Quinto"). The Trustee requires Magleby Cataxinos's services to investigate the merits of the potential claims against Quinto and his prior law firm of Kupferstein Manuel & Quinto LLP, and to prosecute such claims against Quinto and the Kupferstein firm. Magleby Cataxinos will be paid at these hourly rates: Attorneys $280 to $625 Paraprofessionals $185 to $195 Magleby Cataxinos will also be reimbursed for reasonable out-of-pocket expenses incurred. James Magleby, partner of Magleby Cataxinos & Greenwood, P.C., assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Magleby Cataxinos can be reached at: James Magleby, Esq. Magleby Cataxinos & Greenwood, P.C. 170 Main St. Suite 1100 Salt Lake City, UT 84101 Tel: (801) 359-9000 About Vidangel, Inc. Based in Provo, Utah, VidAngel, Inc., is an entertainment platform empowering users to filter language, nudity, violence, and other content from movies and TV shows on modern streaming devices such as iOS, Android, and Roku. The company's newly launched service empowers users to filter via their Netflix, Amazon Prime, and HBO on Amazon Prime accounts, as well as enjoy original content produced by VidAngel Studios. Its signature original series, Dry Bar Comedy, now features the world's largest collection of clean standup comedy, earning rave reviews from fans nationwide. VidAngel filed a Chapter 11 petition (Bankr. D. Utah Case No. 17-29073) on Oct. 18, 2017. In the petition signed by CEO Neal Harmon, the Debtor was estimated to have $1 million to $10 million in both assets and liabilities. Judge Kevin R. Anderson oversees the case. The Debtor tapped J. Thomas Beckett, Esq., at Parsons Behle & Latimer, as bankruptcy counsel; Durham Jones & Pinegar, Baker Marquart LLP, and Stris & Maher LLP as special counsel; Call & Jensen, P.C., as special counsel; and Tanner LLC as auditor and advisor. The Debtor also hired economic consulting expert Analysis Group, Inc. WASH MULTIFAMILY: Moody's Affirms B3 CFR, Outlook Stable -------------------------------------------------------- Moody's Investors Service affirmed WASH MULTIFAMILY ACQUISITION INC's Corporate Family Rating at B3, Probability of Default Rating at B3-PD, first lien senior secured rating at B2, and second lien senior secured rating at Caa2. The outlook is stable. Affirmations: Issuer: WASH MULTIFAMILY ACQUISITION INC Probability of Default Rating, Affirmed B3-PD Corporate Family Rating, Affirmed B3 SR SEC 1ST LIEN REV CREDIT FACILITY due 2020, Affirmed B2 (LGD3) SR SEC 1ST LIEN TERM LOAN due 2022, Affirmed B2 (LGD3) SR SEC 2ND LIEN TERM LOAN due 2023, Affirmed Caa2 (LGD6) Outlook Actions: Issuer: WASH MULTIFAMILY ACQUISITION INC Outlook, Remains Stable RATINGS RATIONALE WASH MULTIFAMILY ACQUISITION INC's B3 corporate family rating reflects its elevated debt leverage, low EBITA margins, and lack of cash available to repay debt as the company uses excess cash flow and additional debt to fund bolt-on acquisitions. The rating also incorporates Moody's consideration of WASH's financial policy to operate with higher leverage. At the same time the rating takes into consideration the company's leading market position, as one of two largest laundry service providers in North America, a stable revenue base, sound industry fundamentals, and a strategic focus to grow scale and profitability. The stable outlook reflects Moody's expectations that WASH will steadily grow its revenue organically, increase its profitability, and successfully extend the debt maturity of its revolving credit facility expiring in May 2020. The rating could be upgraded if WASH reduces its debt-to-EBITDA to below 5.5x, increases its margins and significantly improves its liquidity profile. The rating could be downgraded if WASH increases its debt-to-EBITDA leverage to above 7.0x on a sustained basis or if EBITA-to-interest expense declines below 1.0x. The principal methodology used in these ratings was Business and Consumer Service Industry published in October 2016. WASH, headquartered in El Segundo, California, is the largest Canadian provider and second largest US provider of outsourced laundry services for multifamily housing properties, colleges and universities. WINE UTOPIA: Jan. 7 Hearing on Bid for Trustee/Conversion --------------------------------------------------------- On Jan. 7, 2020 at 10:00 a.m., Bethellen Friedman will move before the Honorable Christine M. Gravelle, United States Bankruptcy Judge, United States Bankruptcy Court, 402 East State Street, Trenton, New Jersey 08608, for the appointment of a Chapter 11 Trustee, or alternatively, for an order converting for Chapter 11 cases of Frank and Teresa Helmka, Wine Utopia, LLC, and F&T Spirits Enterprises, Inc., to cases under Chapter 7. According to Friedman, the bankruptcy cases were not filed for a valid reorganizational purpose and the Debtors are unable to reorganize. As each day goes by, the Debtors are accruing interest and other expenses causing a continuing loss and diminution of the estate. "In the instant matter, the Helmka Debtors had almost one year to create a Plan with concrete funding and emerge from Chapter 11. Their misguided attempts to sell non-debtor corporate assets through their individual bankruptcy case demonstrates incompetence and mismanagement. The Corporate Debtors' petitions and schedules fail to disclose assets that were subject to Asset Purchase Agreements within the past year. And, the Helmka Debtors admit to using property of their bankruptcy estate to make unauthorized post-petition loans to their business Wine Utopia," Friedman said in her Motion. Counsel to Bethellen Friedman: LEONARD C. WALCZYK WASSERMAN, JURISTA & STOLZ, P.C. 110 Allen Road, Suite 304 Basking Ridge, NJ 07920 Tel: (973) 467-2700 Fax: (973) 467-8126 About Frank Helmka and Teresa Helmka Frank Helmka and Teresa Helmka sought Chapter 11 protection (Bankr. D.N.J. Case No. 18-32272) on Nov. 9, 2018. Privately held wholesalers of wines and liquors F & T Spirits Enterprises Inc. and Wine Utopia, LLC, sought Chapter 11 protection (Bankr. D.N.J. Case No. 19-32364 and 19-32365) on Nov. 27, 2019. The entities are owned by the Helmkas. The cases are jointly administered under Case No. 18-32272. Judge Christine M. Gravelle is the presiding judge. The Debtors tapped Melinda D. Middlebrooks, Esq., at Middlebrooks Shapiro, P.C., as counsel. ZEST ACQUISITION: Moody's Alters Outlook on B3 CFR to Stable ------------------------------------------------------------ Moody's Investors Service revised Zest Acquisition Corp. outlook to stable from negative. The company's B3 Corporate Family Rating, B3-PD Probability of Default Rating, B2 first lien credit facilities ratings and Caa2 second lien credit facility rating were affirmed. The revision in outlook to stable from negative reflects Zest's ability to successfully navigate through challenges with certain key customers as well as the patent expiry of certain LOCATOR products in 2018. Zest has improved its operating performance, with revenues and EBITDA for the first nine months of 2019 growing in the high single digit range. Moody's expects debt/EBITDA will approach the mid six times range in the next year due to continued earnings growth and debt repayment. Rating Actions: The following ratings were affirmed: Zest Acquisition Corp. Corporate Family Rating at B3 Probability of Default Rating at B3-PD $50 million Gtd first lien revolving credit facility due 2023 at B2 (LGD3) $265 million Gtd first lien term loan due 2025 at B2 (LGD3) $115 million Gtd second-lien term loan due 2026 at Caa2 (LGD5) The rating outlook is revised to stable from negative RATINGS RATIONALE Zest's B3 Corporate Family Rating reflects the company's very narrow product focus on hardware used in dental attachments (dentures) and its small revenue base with LTM revenues under $100 million. Its ratings also reflect the company's reliance on a few large implant manufacturer customers for a meaningful portion of sales. Moody's expects leverage will remain high, with debt/EBITDA expected to remain above 6.5 times for the next year. Zest benefits from a long term track record of consistent revenue growth and high EBITDA margins. The company also benefits from favorable long-term demand for dentures, primarily due to the aging population. The company has a very good liquidity profile with cash balances of $31 million, meaningfully positive free cash flow, and access to a $50 million undrawn revolving credit facility. The company's ratings also reflect Moody's expectations that financial policies will remain aggressive as the company is owned by a private equity sponsor. Medical device companies face moderate social risk. However, they regularly encounter elevated elements of social risk, including responsible production as well as other social and demographic trends. Risks associated with responsible production include compliance with regulatory requirements for safety of medical devices as well as adverse reputational risks arising from recalls, safety issues or product liability litigation. Medical device companies will generally benefit from demographic trends, such as the aging of the populations in developed countries. That said, increasing utilization may pressure payors, including individuals, commercial insurers or governments to seek to limit use and/or reduce prices paid. Moody's believes the near-term risks to pricing are manageable, but rising pressures may evolve over a longer period. Ratings could be upgraded if the company sustains growth in sales and earnings. Broadening of the company's portfolio to new products would also be a credit positive. Quantitatively, ratings could be upgraded if debt/EBITDA is sustained below five times while maintaining good liquidity. Ratings could be downgraded if the company's liquidity weakens, or if sales or margins erode. Quantitatively, ratings could be downgraded if debt/EBITDA is sustained above seven times for an extended period. Headquartered in Carlsbad, CA, Zest Acquisition Corp. is a global developer, manufacturer and distributor of medical devices used in restorative dental procedures. Zest is owned by funds affiliated with private equity sponsor BC Partners. The principal methodology used in these ratings was Medical Product and Device Industry published in June 2017. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re Women's Center of Ft. Lauderdale, LLC Bankr. M.D. Fla. Case No. 19-08242 Chapter 11 Petition filed December 18, 2019 See https://is.gd/wggm69 represented by: Jeffrey S. Ainsworth, Esq. BRANSONLAW, PLLC E-mail: jeff@bransonlaw.com In re Center of Orlando for Women, LLC Bankr. M.D. Fla. Case No. 19-08241 Chapter 11 Petition filed December 18, 2019 See https://is.gd/nCvlXB represented by: Jeffrey S. Ainsworth, Esq. BRANSONLAW, PLLC E-mail: jeff@bransonlaw.com In re Women's Center of Hyde Park, LLC Bankr. M.D. Fla. Case No. 19-08243 Chapter 11 Petition filed December 18, 2019 See https://is.gd/rkdQQm represented by: Jeffrey S. Ainsworth, Esq. BRANSONLAW, PLLC E-mail: jeff@bransonlaw.com In re Little Feet Learning Center, LLC Bankr. S.D. Miss. Case No. 19-52507 Chapter 11 Petition filed December 18, 2019 See https://is.gd/YfxNWN represented by: W. Jarrett Little, Esq. LENTZ & LITTLE, PA E-mail: jarrett@lentzlittle.com In re 2001 W Oakland Park Blvd LLC Bankr. M.D. Fla. Case No. 19-08236 Chapter 11 Petition filed December 18, 2019 See https://is.gd/aho9Gt Filed Pro Se In re 1103 Lucerne Terrace LLC Bankr. M.D. Fla. Case No. 19-08235 Chapter 11 Petition filed December 18, 2019 See https://is.gd/mIYppJ Filed Pro Se In re 609 Virginia Dr LLC Bankr. M.D. Fla. Case No. 19-08234 Chapter 11 Petition filed December 18, 2019 See https://is.gd/TXhBmX In re 502 S Magnolia Ave LLC Bankr. M.D. Fla. Case No. 19-11861 Chapter 11 Petition filed December 18, 2019 See https://is.gd/bCFsn4 In re Eliahu Abukasis Bankr. S.D. Fla. Case No. 19-26886 Chapter 11 Petition filed December 18, 2019 In re Frederick Douglas Feigl Bankr. N.D. Tex. Case No. 19-34156 Chapter 11 Petition filed December 18, 2019 represented by: Areya Holder, Esq. In re Terence Sullivan Bankr. C.D. Cal. Case No. 19-24758 Chapter 11 Petition filed December 18, 2019 represented by: Kevin Tang, Esq. In re Eduardo Bernabe San Antonio and Florinda Garcia San Antonio Bankr. E.D. Cal. Case No. 19-27800 Chapter 11 Petition filed December 18, 2019 In re Bradley John Heitmeyer Bankr. M.D. Tenn. Case No. 19-08012 Chapter 11 Petition filed December 18, 2019 See https://is.gd/LCpw6N represented by: Steven L. Lefkovitz, Esq. LEFKOVITZ AND LEFKOVITZ, PLLC Email: slefkovitz@lefkovitz.com In re Chauncy L. Spencer Bankr. D. Mass. Case No. 19-14299 Chapter 11 Petition filed December 19, 2019 In re Richard Lamont Jaconette and Theresa L. Jaconette Bankr. N.D. Ill. Case No. 19-82895 Chapter 11 Petition filed December 19, 2019 represented by: Bernard J. Natale, Esq. In re Distinguished Kitchens and Baths, LLC Bankr. S.D. Fla. Case No. 19-26953 Chapter 11 Petition filed December 19, 2019 See https://is.gd/PhnOAe represented by: Aaron A. Wernick, Esq. FURRCOHEN P.A. Email: awernick@furrcohen.com In re Move4All, Inc Bankr. M.D. Fla. Case No. 19-08281 Chapter 11 Petition filed December 19, 2019 See https://is.gd/prjXNN represented by: Aldo G. Bartolone, Esq. BARTOLONE LAW, PLLC E-mail: aldo@bartolonelaw.com In re Charles Donald Devine Bankr. D. Minn. Case No. 19-33919 Chapter 11 Petition filed December 19, 2019 represented by: Steven C. Opheim, Esq. In re William Jason Howard Bankr. E.D.N.C. Case No. 19-05829 Chapter 11 Petition filed December 19, 2019 In re Magnolia Park Bankr. E.D. Cal. Case No. 19-15279 Chapter 11 Petition filed December 19, 2019 See https://is.gd/OJUu0u represented by: Justin D. Harris, Esq. HARRIS LAW FIRM, PC E-mail: jdh@harrislawfirm.net In re Chad R. Sleep and Melissa D. Sleep Bankr. W.D. Ark. Case No. 19-73395 Chapter 11 Petition filed December 19, 2019 represented by: Donald Brady, Esq. In re ATA Development LLC Bankr. D. Minn. Case No. 19-43815 Chapter 11 Petition filed December 20, 2019 See https://is.gd/BKLWOl represented by: Ryan T. Murphy, Esq. FREDRIKSON & BYRON, P.A. E-mail: rmurphy@fredlaw.com In re Frog Pond Grading & Paving, Inc. Bankr. W.D.N.C. Case No. 19-31725 Chapter 11 Petition filed December 20, 2019 See https://is.gd/TzqKKS represented by: Brian P. Hayes, Esq. FERGUSON, HAYES, HAWKINS & DEMAY, PLLC E-mail: Hayes@ConcordLawyers.com In re Roma USA, LLC Bankr. N.D. Ga. Case No. 19-70378 Chapter 11 Petition filed December 20, 2019 See https://is.gd/GJE1Tq represented by: Robert J. Williamson, Esq. SCROGGINS & WILLIAMSON, P.C. E-mail: centralstation@swlawfirm.com In re Carlos J. Arbona Garcia Bankr. D.P.R. Case No. 19-07454 Chapter 11 Petition filed December 20, 2019 represented by: Modesto Bigas Mendez, Esq. In re Igor Shabanets Bankr. C.D. Cal. Case No. 19-14912 Chapter 11 Petition filed December 21, 2019 represented by: Bruce Boice, Esq. In re Apple Moving, Inc. Bankr. M.D. Fla. Case No. 19-12003 Chapter 11 Petition filed December 23, 2019 See https://is.gd/8Byu0h represented by: Michael R. Dal Lago, Esq. DAL LAGO LAW E-mail: mike@dallagolaw.com In re Taking Kidz Places, Inc. Bankr. S.D. Tex. Case No. 19-37001 Chapter 11 Petition filed December 23, 2019 See https://is.gd/LHXpkq represented by: Nelson M. Jones III, Esq. LAW OFFICE OF NELSON M. JONES III E-mail: Njoneslawfirm@aol.com In re SVFoods Avondale, LLC Bankr. W.D. La. Case No. 19-51526 Chapter 11 Petition filed December 23, 2019 See https://is.gd/HRrgYx represented by: Barbara B. Parsons, Esq. THE STEFFES FIRM, LLC E-mail: bparsons@steffeslaw.com In re SVFoods Big Pic, LLC Bankr. W.D. La. Case No. 19-51529 Chapter 11 Petition filed December 23, 2019 See https://is.gd/c0y5rQ represented by: Barbara B. Parsons, Esq. THE STEFFES FIRM, LLC E-mail: bparsons@steffeslaw.com In re SVFoods Harvey, LLC Bankr. W.D. La. Case No. 19-51527 Chapter 11 Petition filed December 23, 2019 See https://is.gd/ZBFNMm represented by: Barbara B. Parsons, Esq. THE STEFFES FIRM, LLC E-mail: bparsons@steffeslaw.com In re SVFoods Little Pic, LLC Bankr. W.D. La. Case No. 19-51530 Chapter 11 Petition filed December 23, 2019 See https://is.gd/ftB84i represented by: Barbara B. Parsons, Esq. THE STEFFES FIRM, LLC E-mail: bparsons@steffeslaw.com In re SVFoods Westwego, LLC Bankr. W.D. La. Case No. 19-51531 Chapter 11 Petition filed December 23, 2019 See https://is.gd/JhmsgP represented by: Barbara B. Parsons, Esq. THE STEFFES FIRM, LLC E-mail: bparsons@steffeslaw.com In re Qiong Ying Chen Bankr. N.D. Cal. Case No. 19-31303 Chapter 11 Petition filed December 23, 2019 represented by: Eric Gravel, Esq. In re Heather Carter Bankr. D. Nev. Case No. 19-51467 Chapter 11 Petition filed December 23, 2019 represented by: William D. Cope, Esq. In re 1794 - 1796 LLC Bankr. D. Conn. Case No. 19-22130 Chapter 11 Petition filed December 23, 2019 See https://is.gd/GZlsPw represented by: Jeffrey Hellman, Esq. LAW OFFICES OF JEFFREY HELLMAN, LLC Email: jeff@jeffhellmanlaw.com In re 10 - 5th LLC Bankr. D. Conn. Case No. 19-22132 Chapter 11 Petition filed December 23, 2019 See https://is.gd/kwblaB represented by: Jeffrey Hellman, Esq. LAW OFFICES OF JEFFREY HELLMAN, LLC E-mail: jeff@jeffhellmanlaw.com In re Aegis 42, LLC Bankr. E.D.N.Y. Case No. 19-47698 Chapter 11 Petition filed December 23, 2019 See https://is.gd/UruLSw represented by: Lawrence F. Morrison, Esq. MORRISON TENENBAUM PLLC E-mail: marcoscb@m-t-law.com In re Nfinity Group, Inc. Bankr. D. Ariz. Case No. 19-16040 Chapter 11 Petition filed December 23, 2019 See https://is.gd/9TJPbk represented by: Glenn Roethler, Esq. GREEVES & ROETHLER, PLC E-mail: glenn@grattorneys.com In re The Living Centers of Fresno, Inc. Bankr. E.D. Cal. Case No. 19-91111 Chapter 11 Petition filed December 24, 2019 See https://is.gd/Mz7ofj represented by: David C. Johnson, Esq. DAVID C. JOHNSTON In re 131 Manhattan Deli Grocery Corp Bankr. E.D.N.Y. Case No. 19-47702 Chapter 11 Petition filed December 24, 2019 See https://is.gd/Is39Rv represented by: Phillip Mahony Esq. PHILLIP MAHONY, ESQ. E-mail: mahonylaw@outlook.com In re Silva Moradi Bankr. C.D. Cal. Case No. 19-24983 Chapter 11 Petition filed December 24, 2019 represented by: David Tilem, Esq. ********* 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. 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