/raid1/www/Hosts/bankrupt/TCR_Public/191227.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, December 27, 2019, Vol. 23, No. 360

                            Headlines

2736 CHAMPA: Plan Seeks Investors/Refinancing by April 2020
360 MORTGAGE: Court Approves Disclosure Statement
5171 CAMBELLS: L & I Says Priority Claims Liquidated
A&R COMPLETE: Court Approves Amended Disc. Statement
AI AQUA: Moody's Affirms B3 CFR & Alters Outlook to Stable

ALLERGAN INC: Egan-Jones Lowers Senior Unsecured Ratings to BB+
AMISTAD READY: Court Confirms Amended Reorganization Plan
AMYRIS INC: Extends Maturity of Convertible Note to Jan. 31
AMYRIS INC: Incurs $59.6 Million Net Loss in Third Quarter
ARCIMOTO INC: Incurs $4 Million Net Loss in Third Quarter

ARCIMOTO INC: Prices Public Offering of Common Stock
BETTERECYCLING CORP: Lenders Renew Motion for Trustee
BETTEROADS ASPHALT: Lenders Renew Motion to Appoint Trustee
BLUE CHIP HOTELS: Unsecureds to Recover 100% in Property Sale
BULA WORLD: Plan Has 100% Dividend for Unsec. Creditors

CBL & ASSOCIATES: Fitch Lowers LongTerm IDR to CCC+
CONSIS INTERNATIONAL: Unsec. Creditors to Recover 15% Under Plan
CP#1109 LLC: Files Amended Reorganization Plan
CTW REALTY: Plan Still Mulling Sale, Refinancing or Reinstatement
DATUM TECHNOLOGIES: Court Confirms Sale-Based Plan

DEAN FOODS: Clark Hill Represents 4 Unsecured Claimants
DESIGN REFRIGERATION: Has 100% Plan Over 60 Months
DESIGN REFRIGERATION: Jan. 14 Disclosure Statement Hearing Set
DIRECTVIEW HOLDINGS: Appoints New Chief Executive Officer
EAST END BUS: Eastern Funding Objects to Disclosure Statement

EAST END BUS: NEC Financial Objects to Disclosure Statement
EAST END BUS: William Floyd Union Objects to Disclosure Statement
EASTMAN KODAK: Reports Third Quarter Net Loss of $5 Million
EP ENERGY: Crady Jewett Represents Pinata, HooDoo Mining
EP ENERGY: Haynes and Boone Represents Mineral Lien Claimants

F&T SPIRITS: Jan. 7 Hearing on Bid for Trustee/Conversion
FLAVORS HOLDINGS: Moody's Reviews Caa2 CFR for Upgrade
FLORIDA CLEANEX: Unsecureds Owed $931K Only Get $30K in 5 Years
FORMING MACHINING: Moody's Reviews B3 CFR for Downgrade
GATEWAY TO LANCASTER: Victron Gets Chapter 11 Trustee

GKS CORPORATION: Case Summary & 20 Largest Unsecured Creditors
GOGO INC: Amends Forward Stock Purchase Confirmation with JPMorgan
GOLD COAST: Jan. 28 Combined Hearing on Plan & Disclosures Set
HERITAGE HOTEL: Plan to be Funded by Property Sale Proceeds
HIGH RIDGE: Moody's Affirms C CFR, Outlook Stable

INTERIM HEALTHCARE: Franchisor Wants Trustee to Take Over
K & B TRUCKING: Plan Outline Conditionally OK'd, Jan. 9 Hearing Set
MARRONE BIO: Incurs $16.4 Million Net Loss in Third Quarter
MDM HOLDINGS: Unsecureds to Get $500 Per Month Until Paid in Full
MEDIMPACT HEALTHCARE: Fitch Withdraws BB- IDR Over Lacking Info

MICROCHIP TECHNOLOGY: Fitch Affirms BB+ LT IDR, Outlook Negative
MJW FILMS: Court Approves Ulrich as Chapter 11 Trustee
MOUNTAIN INVESTMENTS: Unsec. Creditors to Get 3.9% in Month 60
NATIONAL ASSISTANCE: Jan. 21 Hearing on Disclosure Statement
NATIONAL ASSISTANCE: Sale-Based Plan May Return $0 to Unsecureds

NN INC: Moody's Assigns B3 Rating on $260MM Sr. Sec. Term Loan
OAK LAWN: Moody's Cuts GOULT Debt Rating to Ba1, Outlook Stable
ORCHIDS PAPER: Debtor Further Fine-Tunes Chapter 11 Plan
OUTLOOK THERAPEUTICS: Amends Warrants & Restructures Senior Notes
P&D INVESTMENTS: Court Orders Appointment of Trustee

P&D INVESTMENTS: Michael Bakst Named Chapter 11 Trustee
PANOP CAB: Case Summary & Unsecured Creditor
PERKINS TIMBER: To Seek Plan Confirmation on Jan. 23
PLUS THERAPEUTICS: Regains Compliance with Nasdaq Listing Rule
PURPLE SHOVEL: Plan Outline Conditionally OK'd, Jan. 13 Hearing Set

RED SKY AG: Case Summary & 20 Largest Unsecured Creditors
RIDGEWOOD INN: Hires Patrick J. Thompson as Bankr. Attorney
ROVIG MINERALS: Court Approves Murray as Trustee
ROVIG MINERALS: Duval Funderburk Represents B&B Rentals, et al.
RUBEN JASSO: Siemens Objects to 3rd Amended Plan Outline

S&C TEXAS: Radius Bank Gets Chapter 11 Trustee
SKYTEC INC: LogiSYS Says Liquidation Analysis Insufficient
SOUTH TEXAS INNOVATIONS: Amends Reorganization Plan
STORE IT REIT: Plan Outline Conditionally OK'd, Jan. 13 Hrg. Set.
T CAT ENTERPRISE: Court Confirms Amended Reorganization Plan

TBH19 LLC: DBD Credit Wants Chapter 11 Trustee to Replace Ross
TECHNICAL COMMUNICATIONS: Regains Compliance with Nasdaq Rule
TODAY'S KIDS: Jan. 21 Hearing on Plan & Disclosures Set
TODAY'S KIDS: Unsecureds to be Paid in Full in Reorganization Plan
TRIBECA AESTHETIC: To Seek Plan & Disclosures Approval Jan. 2

TWIN PINES: New Mexico Taxation Dept. Objects to Plan
TWO BAR: Chapter 11 Trustee Takes Over Mgt. of Estate
UTOPIX MEDICAL: To Seek Plan Confirmation Jan. 16
VIRGIN ISLANDS WPA: Fitch Keeps CCC IDR on Watch Negative
VIZITECH USA: Case Summary & 18 Unsecured Creditors

VSOP LLC: Court Confirms Amended Reorganization Plan
XENETIC BIOSCIENCES: All 4 Proposals Approved at Annual Meeting
XENETIC BIOSCIENCES: Reports Third Quarter Net Loss of $10.3-Mil.
[^] BOOK REVIEW: BIG BOARD: A History of the New York Stock Market

                            *********

2736 CHAMPA: Plan Seeks Investors/Refinancing by April 2020
-----------------------------------------------------------
2736 Champa, LLC, filed a Plan of Reorganization.

The Debtor's only asset is real property located at 2736 CHampa
Street in Denver, Colorado.  The property is located in the Five
Points neighborhood, which has experienced a substantial rise in
property values over the last decade.  Pursuant to the Plan, the
Debtor will develop the Property and sell the assets within 5
years.  In addition, the Debtor will seek funds from investors
and/or refinance its debt or some combination theorof, by April
2020.  There are no unsecured creditors.

The Plan provides:

  * Class 2, Champa Street 2736, LLC's secured claim, with balance
of $550,000.  Impaired.  The Debtor will continue to make regular
monthly payments to Champa Street 2736.

   * Class 3, City and County of Denver.  Impaired.  The lien
position held by the Class 3 Claimant shall be unaltered by the
Plan and shall be paid from Investment Proceeds, Net Refinance
Proceeds or Net Sale Proceed.  The Class 3 Claim will bear an
interest rate at the statutory rate.  To the extent the Investment
Proceeds or Net Refinance Proceeds from the Property are
insufficient to pay the Class 3 Allowed Secured Claim in full, the
balance of the claim shall be treated as a Class 6 Claim.

  * Class 6, unsecured portion of claims of 2736 Champa Street.
Holders of Class 6 allowed claims will share on a pro rata basis
monies deposited into the Unsecured Creditor Account from the (a)
the Investor Proceeds (b) Net Refinance Proceeds after satisfaction
of Class 2 Allowed Secured Claims; and (c) any Net Sale Proceeds.
All funds recovered by the Debtor or creditors on account of
Avoidance Actions shall be distributed to Class 6 on a pro rata
basis, net of attorney's fees and costs.

A full-text copy of the Disclosure Statement dated Dec. 4, 2019, is
available at https://tinyurl.com/sfboy25 from PacerMonitor.com at
no charge.

Counsel for the Debtor:

     Jane M. Roberson
     ROBERSON LAW, LLC
     720 South Colorado Blvd., Suite 630-S
     Denver, Colorado 80246
     Tel: 303-893-0833
     Fax: 303-431-0633
     Roberson@JustAskJane.com

         - and -

     Aaron A. Garber
     WADSWORTH GARBER
     WARNER CONRARDY, P.C.
     25808 West Main street, Suite 200
     Littleton, CO 80120
     Tel: 303-296-1999
     Fax: 303-296-7000
     agarber@wgwc-law.com

                       About 2736 Champa

2736 Champa, LLC, owns real property located at 2736 Champa Street
in Denver, Colorado.  The property is a multi-unit residential
building purchased by JOse Vasquez and Petra Vasquez in 1951.

To fend off foreclosure action by the secured creditor, 2736
Champa, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 19-17678) on Sept. 5, 2019.  At the
time of the filing, the Debtor disclosed assets of between $500,001
and $1 million and liabilities of the same range.  Jane M.
Roberson, Esq., at Roberson Law LLC, is the Debtor's
counsel.


360 MORTGAGE: Court Approves Disclosure Statement
-------------------------------------------------
Judge Tony M. Davis has ordered that the disclosure statement in
support of 360 mortgage group, LLC's Chapter 11 plan is approved.

Jan. 17, 2020, at 5:00 p.m. (CT) is fixed as the last day for
submitting ballots for acceptances or rejections of the Plan.

Jan. 17, 2020, at 5:00 p.m. (CT) is also fixed, as the last day for
filing and serving written objections to confirmation of the Plan.

By Jan. 23, 2020, counsel for the Debtor will file with the Court
(a) a ballot summary with a copy of the ballots.

Feb. 24, 2020, at 1:30 p.m. (CT), before the Honorable Tony M.
Davis, United States Bankruptcy Judge for the Western District of
Texas, Austin, Homer J. Thornberry Federal udicial Building, 903
San Jacinto Boulevard, Suite 322, Austin, Texas 78701, is fixed as
the time and place of the hearing on confirmation of the Plan and
any objections.

Counsel for the Debtor:

     Lynn H. Butler
     HUSCH BLACKWELL LLP
     111 Congress Avenue, Suite 1400
     Austin, Texas 78701
     Tel: (512) 472-5456 (main)
     Direct: (512) 479-1179
     Fax: (512) 479-1101
     E-mail: lynn.butler@huschblackwell.com

                   About 360 Mortgage Group

360 Mortgage Group, LLC, a provider of mortgage services, sought
Chapter 11 protection (Bankr. W.D. Tex. Case No. 19-11375) on Oct.
7, 2019.  The Debtor was estimated to have assets of $1 million to
$10 million and liabilities of the same range as of the bankruptcy
filing.  The Hon. Tony M. Davis is the case judge.  Husch Blackwell
LLP, led by Lynn H. Butler, Esq., is the Debtor's legal counsel.


5171 CAMBELLS: L & I Says Priority Claims Liquidated
----------------------------------------------------
Commonwealth of Pennsylvania, Department of Labor & Industry,
Unemployment Compensation Fund ("L & I") filed a limited objection
to 5171 Campbells Land Co., Inc.'s Nov. 12, 2019 Disclosure
Statement.

L&I does not object to Debtor's proposed liquidating plan, but is
filing this limited objection because the Disclosure Statement
indicates that the amount of the priority claim is $6,120.01 and is
unliquidated.

L&I's priority claim is $39,541.88 and is liquidated.  The amounts
due are based on Debtor's self-reported quarterly returns.  None of
the amounts are assessed, and thus the amounts are liquidated.
Creditors should be aware of  the accurate status of creditors'
claims when evaluating the Disclosure Statement and Plan so as to
make an informed vote.

                     About 5171 Campbells

5171 Campbells Land Co., Inc., operated 27 Perkins Restaurants
pursuant to License Agreements by and between 5171 Campbells and
Perkins & Marie Callender's, LLC ("PMC").

PMC terminated the Debtor's license agreements.  Additionally,
Store Capital Acquisitions, LLC and Store Master Funding XIII, LLC,
a primary creditor and landlord for the majority of the Debtor's
restaurant locations, was seeking the appointment of a receiver for
the Debtor's business.

To preserve the assets of the estate, 5171 Campbells Land Co.,
Inc., filed a Chapter 11 petition (Bankr. W.D. Pa. Case No.
19-22715) on July 8, 2019.  The petition was signed by William T.
Kane, president.  At the time of filing, the Debtor was estimated
to have $1 million to $10 million in assets and $10 million to $50
million in liabilities.

The Debtor is represented by Robert O. Lampl, Esq., in Pittsburgh.

The U.S Trustee for Region 3 appointed a committee of unsecured
creditors on Aug. 1, 2019.


A&R COMPLETE: Court Approves Amended Disc. Statement
----------------------------------------------------
Judge Mike K. Nakgawa has ordered that the Amended Disclosure
Statement accompanying A&R Complete Service Corp.'s Amended Plan of
Reorganization is approved.

A hearing to consider confirmation of the Debtor's Amended Plan
will be held on Jan. 22, 2020 at 9:30 a.m.

The deadline for holders of claims to vote on the Plan and to
transmit ballots is Jan. 8, 2020 at 5:00 p.m. (PST)

The deadline for filing objections to confirmation of the Plan is
Jan. 8, 2020.

The deadline for the Debtor to file a ballot tabulation is Jan. 17,
2020.

The deadline for filing reply to objections to confirmation and
brief in support of confirmation is January 17, 2020.

As reported in the Troubled Company Reporter, A&R Complete Service
Corp. filed with the U.S. Bankruptcy Court for the District of
Nevada a plan of reorganization and disclosure statement.  Vendors
of the Debtor and other general unsecured claimants are projected
to recover 50 percent.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/u9wcsta from PacerMonitor.com at no charge.

Attorney for the Debtor:

     Timothy P. Thomas
     Law office of Timothy P. Thomas, LLC
     1771 E. Flamingo Rd. Suite B-212
     Las Vegas, NV 89119
     Tel: (702) 227-0011
     Fax: (702) 227-0334
     E-mail: tthomas@tthomaslaw.com

                  About A&R Complete Service

A&R Complete Service, Inc., based in Las Vegas, NV, filed a Chapter
11 petition (Bankr. D. Nev. Case No. 19-10321) on Jan. 21, 2019.
In the petition signed by David L. Snipes III, president, the
Debtor was estimated to have $0 to $50,000 in assets and $1 million
to $10 million in liabilities. The Hon. Mike K. Nakagawa oversees
the case. Timothy P. Thomas, Esq., at the Law Office of Timothy
Thomas, LLC, serves as bankruptcy counsel.


AI AQUA: Moody's Affirms B3 CFR & Alters Outlook to Stable
----------------------------------------------------------
Moody's Investors Service affirmed the ratings of AI Aqua Merger
Sub, Inc. including the company's Corporate Family Rating at B3,
and Probability of Default Rating at B3-PD. Moody's also affirmed
the B2 ratings on the first lien senior secured credit facilities
issued by the company and its Australian subsidiary AI Aqua Zip
Bidco Pty Ltd., and the Caa2 rating on the company's second lien
senior secured credit facility. At the same time, Moody's changed
the company's outlook to stable from negative and assigned a stable
outlook to the AI Aqua Zip Bidco Pty Ltd.

On December 23, 2019, Culligan announced that it had entered into a
definitive merger agreement to acquire AquaVenture Holdings Limited
(AquaVenture) for $27.10 per share, in a transaction valued at
approximately $1.1 billion. Culligan will fund the acquisition with
proceeds from a proposed $500 million incremental first lien term
loan along with a significant new equity contribution from the
company's financial sponsors Advent International and Centerbridge
Partners. Moody's estimates pro forma for the transaction
Culligan's financial leverage on a debt/EBITDA basis at 6.8x and
EBIT/interest coverage at around 2.0x for the twelve months period
ending September 30, 2019, compared to 7.3x and 1.6x respectively
on a standalone basis as of the same period. The transaction is
expected to close in April 2020.

"Today's ratings affirmation and outlook change to stable reflects
the deleveraging nature of the proposed transaction given the
material equity contribution from the financial sponsors, and our
expectation that the sponsors will continue to support Culligan's
acquisition growth strategy with equity contributions to maintain
debt-to-EBITDA leverage below 7.0x" said Moody's lead analyst
Oliver Alcantara. "The acquisition makes strategic sense because it
bolsters Culligan's market position in the highly fragmented US
office bottle free cooler sector, adds both revenue and geographic
diversification given AquaVentures' Seven Seas operations, and
creates cross-sell and synergy opportunities." added Alcantara.

All ratings are subject to Moody's review of final documentation.

Affirmations:

Issuer: AI Aqua Merger Sub, Inc.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

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

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

Gtd Senior Secured Second Lien Term Loan, Affirmed Caa2 (LGD5)

Issuer: AI Aqua Zip Bidco Pty Ltd.

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

Outlook Actions:

Issuer: AI Aqua Merger Sub, Inc.

Outlook, Changed To Stable From Negative

Issuer: AI Aqua Zip Bidco Pty Ltd.

Outlook, Assigned Stable

RATINGS RATIONALE

Culligan's B3 CFR broadly reflects the company's high financial
leverage, weak quality-of-earnings, aggressive growth through
acquisition strategy that pressures free cash flow generation, and
the relatively short history of operating at the post acquisition
revenue and operating scope with revenue more than tripling since
December 2016 leverage buyout. Pro forma for the proposed
acquisition of AquaVenture financial leverage is high with
debt/EBITDA at around 6.8x for the twelve months period ending
September 2019. Both companies' aggressive growth through
acquisitions strategy, which is expected to continue, adds
volatility to leverage and results in large amounts of ongoing pro
forma add-backs to reported EBITDA. Moody's estimates the company's
pro forma debt-to-EBITDA leverage on a reported basis is in excess
of 12x. Furthermore, a material portion of these add-backs involve
cash flows that weaken free cash flow, and the magnitude of the gap
between reported and the company's adjusted results create sizable
variation around projected credit metrics and free cash flow. As
the company integrates the proposed and past acquisitions and grows
in scale, a reduction in future acquisition related costs should
support positive free cash flow in 2020 and a reduction in
debt-to-EBITDA leverage below 7.0x within two years without
significant pro forma adjustments. The rating also reflect the
inherent risks associated with executing an acquisition of this
size on top of other recent sizable acquisitions.

Culligan's credit profile is supported by the company's strong
market position, increased segment diversification bolstered by the
proposed AquaVenture acquisition, the high level of recurring
revenue, and good geographic diversification. Both Culligan and
AquaVenture's Quench segment have strong market positions in the
residential and office drinking water markets, respectively, and
AquaVenture's Seven Seas Water segment adds further revenue and
geographic diversification. Around 60% of the combined company's
revenue is recurring in nature, which offers earnings visibility
and also supports the credit profile. The sponsor financial support
through partial equity funding of acquisitions helps to somewhat
mitigate the integration, leverage and cash flow risks of the
transactions, and the rating also reflects Moody's expectation that
this financial support will continue.

Culligan's liquidity is adequate, characterized by modest cash on
hand of around $50 million, weak free cash flow generation, a lack
of meaningful maturities in 2020, and access to an undrawn $115
million revolving credit facility, which provides some level of
financial flexibility as the company executes its growth through
acquisitions strategy over the next year. The weak free cash flow
and expiration of the revolver in December 2021 are potential
liquidity risks.

The stable outlook reflects that the reduction in leverage pro
forma for the transaction will help mitigate the potential
variation around projected operating results and credit metrics
because of the large number of EBITDA adjustments and likely
continued acquisition activity. Moody's also expects the company
will continue to execute its acquisition strategy prudently with
minimal disruption both operationally and to credit metrics with
continued support from its financial sponsors, and that the company
will generate positive free cash flow in fiscal 2020. Moody's
assumes that revenue will grow by mid-single digits organically,
barring any major missteps with the integration of the proposed
acquisition, resulting in EBITDA growth and improving credit
metrics over the next 12-18 months.

Ratings could be upgraded if the company sustainably achieves
strong organic revenue and EBITDA growth with a narrowing gap
between reported US GAAP and management-adjusted results
(particularly EBITDA). The company would also need to reduce and
sustain debt/EBITDA below 5.5x, generate meaningfully positive free
cash flow, adhere to financial strategies expected to support
credit metrics at those levels, and maintain good liquidity to be
upgraded.

Ratings could be downgraded if the company's operating performance
weakens, financial policies become more aggressive, or debt/EBITDA
is sustained above 7.0x. The ratings could also be downgraded if
the company fails to generate positive free cash flow on an annual
basis or liquidity deteriorates.

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

Headquartered in Rosemont, Illinois, AI Aqua Merger Sub, Inc.
through its subsidiaries operates as a global manufacturer and
distributor of water treatment products and services for household,
commercial and industrial applications. AI Aqua Merger Sub, Inc. is
a wholly-owned subsidiary of Al Aqua Sárl (Parent and Guarantor).
The company is private and does not disclose its financial
information. AI Aqua Merger Sub, Inc., pro forma for the proposed
acquisition of AquaVenture and recently closed acquisitions
generated revenue of roughly $1.4 billion in the twelve-month
period ended September 30, 2019.


ALLERGAN INC: Egan-Jones Lowers Senior Unsecured Ratings to BB+
---------------------------------------------------------------
Egan-Jones Ratings Company, on December 19, 2019, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Allergan, Incorporated of United States to BB+ from
BBB-.

Allergan, Inc. of the United States provides pharmaceuticals
products. The Company offers medical devices and over-the-counter
products for ophthalmic, neurological, medical aesthetics, medical
dermatology, breast aesthetics, obesity intervention, and
urological diseases. Allergan serves customers worldwide.




AMISTAD READY: Court Confirms Amended Reorganization Plan
---------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas has confirmed the Second Amended Plan of
Reorganization and approved the Disclosure Statement of Amistad
Ready Mix, Inc.

The Debtor is directed to file its 2018 federal tax return without
delay.

The Texas Workforce Commission shall receive 18% interest on its
$1650 claim from the effective date until paid in full.

The Smeberg Law Firm PLLC's court-approved attorney fees shall be
paid within 60 days of the confirmation date.

A full-text copy of the Confirmation Order is available at
https://tinyurl.com/vf6qa3r from PacerMonitor.com at no charge.

         About Amistad Ready Mix

Amistad Ready Mix Inc., a ready-mix concrete supplier based in Del
io, Texas, filed a Chapter 11 petition (Bankr. W.D. Tex. Case No.
8-52645) on Nov. 5, 2018. In the petition signed by Sergio Galindo,
president, the Debtor was estimated to have assets of $1 million to
$10 million and liabilities of the same range. The case s assigned
to Judge Ronald B. King. Smeberg Law Firm, PLLC, is the Debtor's
counsel.


AMYRIS INC: Extends Maturity of Convertible Note to Jan. 31
-----------------------------------------------------------
Amyris, Inc. and Total Raffinage Chimie have agreed to extend the
maturity date of a senior convertible note from Dec. 16, 2019 to
Jan. 31, 2020.

On May 15, 2019, Amyris entered into an exchange agreement with
Total, a commercial partner of the Company and an owner of greater
than five percent of the Company's outstanding common stock, with
the right to designate one member of the Company's Board of
Directors, pursuant to which Total agreed to exchange its 6.50%
Convertible Senior Notes due 2019 of the Company, in the principal
amount of $9.7 million, for a new senior convertible note with an
equal principal amount and with substantially identical terms as
the Exchange Note, except that the maturity date of the New Note
would be June 14, 2019, which maturity date was subsequently
extended (i) effective June 14, 2019, to July 18, 2019, (ii)
effective July 18, 2019, to Aug. 28, 2019, (iii) effective Aug. 28,
2019, to Oct. 28, 2019 and (iv) effective Oct. 28, 2019, to Dec.
16, 2019.

                            About Amyris

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

BDO USA, LLP, in San Jose, California, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
Sept. 30, 2019, on the consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
and these factors, among others, raise substantial doubt about its
ability to continue as a going concern.

Amyris reported a net loss attributable to the Company of $230.23
million in 2018 following a net loss attributable to the Company of
$155.98 million in 2017.  As of Sept. 30, 2019, Amyris had $128.11
million in total assets, $336.19 million in total liabilities, $5
million in contingently redeemable common stock, and a total
stockholders' deficit of $213.08 million.


AMYRIS INC: Incurs $59.6 Million Net Loss in Third Quarter
----------------------------------------------------------
Amyris, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q reporting a net loss attributable to
the company of $59.56 million on $34.95 million of total revenue
for the three months ended Sept. 30, 2019, compared to a net loss
attributable to the company of $74.45 million on $14.31 million of
total revenue for the three months ended Sept. 30, 2018.

For the nine months ended Sept. 30, 2019, the Company reported a
net loss attributable to the company of $163.89 million on $112.02
million of total revenue compared to a net loss attributable to the
company of $181.64 million on $47.23 million of total revenue for
the same period in 2018.

As of Sept. 30, 2019, Amyris had $128.11 million in total assets,
$336.19 million in total liabilities, $5 million in contingently
redeemable common stock, and a total stockholders' deficit of
$213.08 million.

"We are pleased with our Q3 results," said John Melo, president and
CEO of Amyris.  "We are continuing to double our product revenue
year over year and we are on track to exceed our $150 million in
revenue guidance for 2019.  While capital constraints proved
challenging, we were able to carefully manage the business to
deliver on significant demand across most of our core products.
These capital constraints should be lessened as a result of having
achieved SEC filing and Nasdaq compliance, resolving our CVI
Heights debt, expanding our gross margin, and continuing the
revenue growth of our business over the coming quarters."

Continued Melo, "Our Biossance brand is redefining consumer
expectations for high performing, clean and sustainable skin care.
Purecane sweetener and Pipette baby care are experiencing excellent
early engagement with consumers and the early consumer product
ratings for both of these new brands are outstanding. These brands
provide clean, sustainable and highly effective products with
ingredients produced by Amyris.  Products such as these that
deliver the best performance in their respective categories is
where we excel and where we are capturing a market leadership
position.  Our fourth quarter has started strong and we are on
track for a great finish to 2019.

"Our cannabinoids development program is advancing at a much better
rate than we expected, and we will have product available for
sampling and early formulation development early in 2020.  We
remain confident in our ability to commercially launch these
cannabinoids in 2020, assuming regulatory conditions have been met.
Upon commercial scale, this program should generate significant
product revenue as well as royalties to Amyris."

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

                      https://is.gd/OZWWtJ

                          About Amyris

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

BDO USA, LLP, in San Jose, California, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
Sept. 30, 2019, on the consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
and these factors, among others, raise substantial doubt about its
ability to continue as a going concern.

Amyris reported a net loss attributable to the Company of $230.23
million in 2018 following a net loss attributable to the Company of
$155.98 million in 2017.


ARCIMOTO INC: Incurs $4 Million Net Loss in Third Quarter
---------------------------------------------------------
Arcimoto, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss of $4.02
million on $33.31 million of total revenues for the three months
ended Sept. 30, 2019, compared to a net loss of $3.25 million on
$5.79 million of total revenues for the three months ended Sept.
30, 2018.

For the nine months ended Sept. 30, 2019, the Company reported a
net loss of $11.01 million on $44.47 million of total revenues
compared to a net loss of $7.46 million on $91.78 million of total
revenues for the same period in 2018.

As of Sept. 30, 2019, the Company had $11.69 million in total
assets, $10.12 million in total liabilities, and $1.57 million in
total stockholders' equity.

As of Sept. 30, 2019, the Company had approximately $748,000 in
cash and cash equivalents, representing a decrease in cash and cash
equivalents of approximately $4,155,000 from Dec. 31, 2018. Sources
of cash were predominantly from the sale of equity and convertible
notes.  The Company anticipates that its current sources of
liquidity, including cash and cash equivalents, together with its
current projections of cash flow from operating activities, will
provide it with liquidity into the fourth quarter of 2019.

Arcimoto said, "We need to successfully raise funds in the
short-term, however, this is subject to market conditions and
recognizing that we cannot be certain that additional funds would
be available to us on favorable terms or at all.  The amount and
timing of funds that we may raise is undetermined and could vary
based on a number of factors, including our ongoing liquidity
needs, our current capitalization, as well as access to current and
future sources of liquidity."

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

                     https://is.gd/NMYuCk

                        Arcimoto, Inc.

Headquartered in Eugene, Oregon, Arcimoto, Inc. (NASDAQ: FUV) --
http://www.arcimoto.com/-- is devising new technologies and
patterns of mobility that together raise the bar for environmental
efficiency, footprint and affordability.  Available for pre-order
today, Arcimoto's Fun Utility Vehicle, Rapid Responder, and
Deliverator are some of the lightest, most affordable, and most
appropriate electric vehicles suitable for everyday transport.

Arcimoto reported a net loss of $11.05 million for the year ended
Dec. 31, 2018, compared to a net loss of $3.31 million for the year
ended Dec. 31, 2017.  As of June 30, 2019, the Company had $12.25
million in total assets, $6.87 million in total liabilities, and
$5.37 million in total stockholders' equity.

In its report dated March 29, 2019, on the Company's consolidated
financial statements for the year ended Dec. 31, 2018, dbbmckennon,
in Newport Beach, California, the Company's auditor since 2016,
expressed substantial doubt about the Company's ability to continue
as a going concern.  The auditor noted that Arcimoto has not
achieved positive earnings and operating cash flows from its
intended operations, which raise substantial doubt about its
ability to continue as a going concern.


ARCIMOTO INC: Prices Public Offering of Common Stock
----------------------------------------------------
Arcimoto, Inc. has priced its underwritten public offering of 5
million shares of its common stock at a price of $1.80 per share.
The proceeds to the Company from the sale of shares are expected to
be approximately $8.1 million after deducting the underwriting
discounts and commissions and estimated offering expenses.  The
closing of the offering was expected to take place on Nov. 26,
2019.  The underwriters have an option to purchase up to an
additional 750,000 shares of common stock from the Company.

Roth Capital Partners and Aegis Capital Corp. acted as the joint
book-running managers for the offering.  Dougherty & Company acted
as the co-manager for the offering.  Copies of the written
prospectus for the offering may be accessed through the Securities
and Exchange Commission's website at www.sec.gov, or may be
obtained from Roth Capital Partners, LLC, 888 San Clemente, Newport
Beach, CA 92660, Attention: Prospectus Department, or by telephone
at (800) 678-9147; or Aegis Capital Corp., Prospectus Department,
810 Seventh Avenue, 18th Floor, New York, NY, 10019, Telephone:
212-813-1010 or email: prospectus@aegiscap.com.

The common stock will be issued pursuant to a registration
statement on Form S-1, which has been declared effective by the
Securities and Exchange Commission.

                        Arcimoto, Inc.

Headquartered in Eugene, Oregon, Arcimoto, Inc. (NASDAQ: FUV) --
http://www.arcimoto.com/-- is devising new technologies and
patterns of mobility that together raise the bar for environmental
efficiency, footprint and affordability.  Available for pre-order
today, Arcimoto's Fun Utility Vehicle, Rapid Responder, and
Deliverator are some of the lightest, most affordable, and most
appropriate electric vehicles suitable for everyday transport.

Arcimoto reported a net loss of $11.05 million for the year ended
Dec. 31, 2018, compared to a net loss of $3.31 million for the year
ended Dec. 31, 2017.  As of June 30, 2019, the Company had $12.25
million in total assets, $6.87 million in total liabilities, and
$5.37 million in total stockholders' equity.

In its report dated March 29, 2019, on the Company's consolidated
financial statements for the year ended Dec. 31, 2018, dbbmckennon,
in Newport Beach, California, the Company's auditor since 2016,
expressed substantial doubt about the Company's ability to continue
as a going concern.  The auditor noted that Arcimoto has not
achieved positive earnings and operating cash flows from its
intended operations, which raise substantial doubt about its
ability to continue as a going concern.


BETTERECYCLING CORP: Lenders Renew Motion for Trustee
-----------------------------------------------------
Lenders Firstbank Puerto Rico, Banco Santander de Puerto Rico, the
Economic Development Bank for Puerto Rico, and Banco Popular de
Puerto Rico filed a renewed motion for the appointment of a Chapter
11 trustee for debtors Betteroads Asphalt LLC and Betterecycling
Corporation.

The Lenders said they are forced to file this Motion to appoint a
chapter 11 trustee in order to stop the depletion of revenues and
assets of the Debtors, as well as to preserve, evaluate, and
prosecute avoidance actions to recover the transfers, ensure
transparency, avoid the clear and existing conflicts of interests
between the Debtors and their insiders, and to maximize recoveries
for creditors and the estates.

Beginning during September 2016, the Debtors' existing management
created and executed a fraudulent transfer scheme through which
they transferred the operation or ownership of substantially all of
the Debtors' assets and revenue streams to insider entities owned
or controlled by the Debtors' same management and principals during
the month of September 2016.

These transfers were done, in their majority, to:

  (a) Puerto Rico Asphalt, LLC -- an entity owned by the Debtors'
principals and owners, Jorge L. Diaz, and Arturo Diaz, and
transferred with nominal, if any, consideration to another
principal of the Debtors, Jorge A. Diaz; and

  (b) the Petroleum Emulsion Manufacturing Corporation, which is
owned and managed by Mr. Díaz.

The Lenders discovered these transfers through their own due
diligence and investigations and through the discovery done to date
as part of these Involuntary Proceedings.  In this case, the
Debtors' actions merit and require the appointment of a trustee.

The Lenders argue that a trustee is necessary, as the Debtors'
current management is imbedded with clear conflicts of interest
that will prevent them from administering these cases for the
benefit of the estates or creditors. The substantial transfers
detailed below were done to insider entities controlled by the
Debtors' current management and immediate family.  These conflicts
of interest have prevented, and will prevent, the Debtors from
carefully analyzing and prosecuting the avoidance of the transfers
and recovering the transfers made to insiders and others for the
benefit of the estates.

According to the Lenders, these avoidance actions are a substantial
asset of these estates, and the Debtors cannot be trusted to
adequately pursue these actions against entities owned by the
Debtors' own principals or immediate family.  A trustee is needed
to evaluate and pursue the best avenues for creditors.  These
considerations demonstrate the urgent need for the Court to appoint
a trustee to supervise the Debtors' affairs, recover avoidable
transfers, provide transparency, and to protect their creditors
from, among other things, the insider self-dealing.

A trustee will step into the shoes of the Debtors and will
immediately take control of the estates and the Debtors' affairs,
thereby putting in place an impartial fiduciary capable of
preserving the estates' assets and maximizing recovery for
creditors.

Attorneys for the Lenders:

       Luis C. Marini-Biaggi
       Carolina Velaz-Rivero
       Valerie Blay-Soler
       Ignacio Labarca-Morales
       Jonathan Camacho-Villamil
       M|P|M MARINI PIETRANTONI MUÑIZ
       250 Ponce De León Ave., Suite 900
       San Juan, PR 00918
       Tel: (787) 705-2171
       E-mail: lmarini@mpmlawpr.com
               cvelaz@mpmlawpr.com
               vblay@mpmlawpr.com
               ilabarca@mpmlawpr.com
               jcamacho@mpmlawpr.com

A full-text copy of the Lenders' Renewed Motion is available at
https://tinyurl.com/wje48ho from PacerMonitor.com at no charge. 

       About Betteroads Asphalt and Betterecycling Corp

Betteroads Asphalt LLC produces warm mix asphalt.  Its products are
used in airports, highways, neighborhoods, and environment
projects.  Betterecycling Corporation produces gasoline, kerosene,
distillate fuel oils, residual fuel oils, and lubricants.  Both
companies are based in San Juan, Puerto Rico.

On June 9, 2017, alleged creditors commenced involuntary bankruptcy
petitions, under chapter 11 of the United States Bankruptcy Code
(Bankr. D.P.R. Case No. 17-04156), against Betteroads  Asphalt
LLC, under Case No. 17-04156-ESL and Betterecycling Corporation
(Case No. 17-04157-ESL).

On Nov. 30, 2018, the Court entered an "opinion and order"
including findings and concluding that, among other things, the
Petitioning Creditors have satisfied the three-prong requirement
for filing an involuntary petition.

On Oct. 10, 2019, after a five-day evidentiary hearing, the Court
entered an "opinion and order" finding, among other things, that
the involuntary petitions were not filed for an improper bankruptcy
purpose or with bad faith.

On Oct. 11, 2019, the Court entered the "order for relief".



BETTEROADS ASPHALT: Lenders Renew Motion to Appoint Trustee
-----------------------------------------------------------
Lenders Firstbank Puerto Rico, Banco Santander de Puerto Rico, the
Economic Development Bank for Puerto Rico, and Banco Popular de
Puerto Rico filed a renewed motion for the appointment of a Chapter
11 trustee for debtors Betteroads Asphalt LLC and Betterecycling
Corporation.

The Lenders said they are forced to file this Motion to appoint a
chapter 11 trustee in order to stop the depletion of revenues and
assets of the Debtors, as well as to preserve, evaluate, and
prosecute avoidance actions to recover the transfers, ensure
transparency, avoid the clear and existing conflicts of interests
between the Debtors and their insiders, and to maximize recoveries
for creditors and the estates.

Beginning during September 2016, the Debtors' existing management
created and executed a fraudulent transfer scheme through which
they transferred the operation or ownership of substantially all of
the Debtors' assets and revenue streams to insider entities owned
or controlled by the Debtors' same management and principals during
the month of September 2016.

These transfers were done, in their majority, to:

  (a) Puerto Rico Asphalt, LLC -- an entity owned by the Debtors'
principals and owners, Jorge L. Diaz, and Arturo Diaz, and
transferred with nominal, if any, consideration to another
principal of the Debtors, Jorge A. Diaz; and

  (b) the Petroleum Emulsion Manufacturing Corporation, which is
owned and managed by Mr. Díaz.

The Lenders discovered these transfers through their own due
diligence and investigations and through the discovery done to date
as part of these Involuntary Proceedings.  In this case, the
Debtors' actions merit and require the appointment of a trustee.

The Lenders argue that a trustee is necessary, as the Debtors'
current management is imbedded with clear conflicts of interest
that will prevent them from administering these cases for the
benefit of the estates or creditors. The substantial transfers
detailed below were done to insider entities controlled by the
Debtors' current management and immediate family.  These conflicts
of interest have prevented, and will prevent, the Debtors from
carefully analyzing and prosecuting the avoidance of the transfers
and recovering the transfers made to insiders and others for the
benefit of the estates.

According to the Lenders, these avoidance actions are a substantial
asset of these estates, and the Debtors cannot be trusted to
adequately pursue these actions against entities owned by the
Debtors' own principals or immediate family.  A trustee is needed
to evaluate and pursue the best avenues for creditors.  These
considerations demonstrate the urgent need for the Court to appoint
a trustee to supervise the Debtors' affairs, recover avoidable
transfers, provide transparency, and to protect their creditors
from, among other things, the insider self-dealing.

A trustee will step into the shoes of the Debtors and will
immediately take control of the estates and the Debtors' affairs,
thereby putting in place an impartial fiduciary capable of
preserving the estates' assets and maximizing recovery for
creditors.

Attorneys for the Lenders:

       Luis C. Marini-Biaggi
       Carolina Velaz-Rivero
       Valerie Blay-Soler
       Ignacio Labarca-Morales
       Jonathan Camacho-Villamil
       M|P|M MARINI PIETRANTONI MUÑIZ
       250 Ponce De León Ave., Suite 900
       San Juan, PR 00918
       Tel: (787) 705-2171
       E-mail: lmarini@mpmlawpr.com
               cvelaz@mpmlawpr.com
               vblay@mpmlawpr.com
               ilabarca@mpmlawpr.com
               jcamacho@mpmlawpr.com

A full-text copy of the Lenders' Renewed Motion is available at
https://tinyurl.com/wje48ho from PacerMonitor.com at no charge.

       About Betteroads Asphalt and Betterecycling Corp

Betteroads Asphalt LLC produces warm mix asphalt.  Its products are
used in airports, highways, neighborhoods, and environment
projects.  Betterecycling Corporation produces gasoline, kerosene,
distillate fuel oils, residual fuel oils, and lubricants.  Both
companies are based in San Juan, Puerto Rico.

On June 9, 2017, alleged creditors commenced involuntary bankruptcy
petitions, under chapter 11 of the United States Bankruptcy Code
(Bankr. D.P.R. Case No. 17-04156), against Betteroads  Asphalt LLC,
under Case No. 17-04156-ESL and Betterecycling Corporation (Case
No. 17-04157-ESL).

On Nov. 30, 2018, the Court entered an "opinion and order"
including findings and concluding that, among other things, the
Petitioning Creditors have satisfied the three-prong requirement
for filing an involuntary petition.

On Oct. 10, 2019, after a five-day evidentiary hearing, the Court
entered an "opinion and order" finding, among other things, that
the involuntary petitions were not filed for an improper bankruptcy
purpose or with bad faith.

On Oct. 11, 2019, the Court entered the "order for relief".



BLUE CHIP HOTELS: Unsecureds to Recover 100% in Property Sale
-------------------------------------------------------------
Blue Chip Hotels Asset Group - Round Rock, LLC, owner of the hotel
located at 2340 IH 35 North, Round Rock, Texas, filed a First
Amended Plan of Reorganization.

The Plan contemplates the sale of the Property to a third party.
Article VII of the Plan sets forth the Auction and Bid Procedures
relating to the sale of the Property.  If the Debtor receives a
qualified bid in excess of the Reserve Price, an auction will be
held pursuant to the procedures set forth in Article  VII of the
Plan.  At the Confirmation Hearing, the Debtor will seek approval
of the Bankruptcy Court to sell the Property free and clear of any
Liens, Claims, encumbrances or other interests to the Prevailing
Bidder.  The Confirmation Order will contain specific authority to
consummate the sale of the Property and approve the sale pursuant
to Section 363 of the Bankruptcy  Code.  The proceeds from the
Auction will first be used to fund any unpaid  Administrative
Claims, including the DIP Loan, Professional Claims, and/or
Priority Claims in the ordinary priority scheme of the Bankruptcy
Code.  The remaining proceeds from the Auction will be used to fund
the plan payments.

If a sale of the Property is consummated at or above the Reserve
Price, all Plan obligations may be fulfilled upon the Effective
date and the Reorganized Debtor will be under no further
obligations to support Plan obligations.  If the Reserve Price is
not met, the Reorganized Debtor will continue to operate and manage
the Debtor's assets to satisfy its obligations under the Plan.

The Plan treats claims and interests as follows:

   * Secured Claims of Taxing Authorities: (Class 1). IMPAIRED. The
Class 1 Claims shall be timely paid in the ordinary course. To the
extent the Class 1 Claims are not timely paid, any payments made on
account of the Class 1 Claims shall include interest from February
1, 2020 through the date of payment in full at the applicable state
statutory rate of 1% per month.

   * Secured Claims of Hotel Reposition Partners, LLC: (Class 2).
IMPAIRED. Total claim $8,224,000. The Class 2 Claim shall be
treated as a Secured Allowed Claim in the amount of $8,224,000 (the
"HRP Secured Claim") as of the Effective Date, including all pre-
and post- petition interest, default interest, collection costs, or
other costs, charges, expenses or other obligations to which HRP
may be entitled to inclusion on its Claim pursuant to 11 U.S.C.
Sec. 506.

   * Secured Claim of Tax Lender, MTAG Services, LLC: (Class 3).
IMPAIRED. If a sale of the Property is consummated at the Reserve
Price, proceeds from the Sale shall be used to satisfy the Class 3
Claim of MTAG. If a Sale does not occur, the Claim treatment below
is submitted. The Reorganized Debtor shall assume and modify the
assigned loan documents and such loan documents shall govern.

   * Secured Claim of Ascentium Capital: (Class 4). IMPAIRED. If a
sale of the Property is consummated at the Reserve Price, proceeds
from the Sale shall be used to satisfy the Class 4 Claim of AC. If
a Sale does not occur, the Claim treatment below is submitted. AC
will retain its lien on its collateral. The Reorganized Debtor
shall assume and modify the AC Agreement and the AC Agreement shall
govern.

   * General Unsecured Claims: (Class 5). IMPAIRED. Creditors
holding Allowed Class 5 General Unsecured Claims shall be paid 100%
of their Allowed Claims with payments being made on a quarterly
basis on October 1, January 1, April 1 and July 1 of each year,
over a period of five (5) years, unless paid sooner from the
proceeds of a Sale of the Property.

   * General Unsecured Claims of Insiders: (Class 6). IMPAIRED.
Creditors holding Allowed Class 6 General Unsecured Claims shall be
paid 100% of their Allowed Claims with payments being made annually
with each receiving their pro rata share.

A full-text copy of the First Amended Plan of Reorganization dated
Dec. 6, 2019, is available at https://tinyurl.com/vfejla8 from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Vickie L. Driver
     Christina W. Stephenson
     Christopher M. Staine
     2525 McKinnon St., Suite 425
     Dallas, TX 7501
     Telephone: 214.420.2163
     Facsimile: 214.736.1762
     E-mail: vickie.driver@crowedunlevy.com
             christina.stephenson@crowedunlevy.com
             christopher.staine@crowedunlevy.com

              About Blue Chip Hotels Asset Group

Blue Chip Hotels Asset Group - Round Rock, LLC, owns the hotel
property located at 2340 IH 35 North, Round Rock, Texas 78681.

Blue Chip Hotels Asset Group - Round Rock, LLC, filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 19-32642) on Aug. 5, 2019.  In
the petition signed by Navin Patel, manager, the Debtor was
estimated to have $10 million to $50 million in assets and $1
million to $10 million in liabilities.  

The Hon. Stacey G. Jernigan oversees the case.  

Crowe & Dunlevy, P.C., serves as bankruptcy counsel to the Debtor.
The Debtor also hired National Hospitality Consulting Group, as
financial advisor; and Mr. Manoj Patel, as chief restructuring
officer.


BULA WORLD: Plan Has 100% Dividend for Unsec. Creditors
-------------------------------------------------------
Bula World Holdings Limited Liability Company will seek approval
and confirmation of its First Amended Combined Plan of
Reorganization and Disclosure Statement on Jan. 28, 2020 in
Courtroom no. 3D at the United States Bankruptcy Court, 50 Walnut
Street, Newark, New Jersey.

Objections to to the adequacy of the disclosures or to the terms of
the proposed plan are due Jan. 21, 2020.

Ballots accepting or rejecting the Plan are also due Jan. 21,
2020.

The Plan is a reorganizing plan and contemplates the continuation
of the Debtor's business and retention of prepetition assets of the
Debtor.  Pursuant to the Plan, the Debtor will fund a 100% dividend
to allowed unsecured creditors and restructure the Debtor's primary
secured debt to first mortgagee Comerica Bank.  

The principals of the Debtor, Bradley and Laurie Boyle, will commit
to support the Debtor with capital infusions over time.  In
addition, the Debtor will over time receive approximately $150,000
in funds from Zipload, Inc., t/a Salt Gastropub ("Salt"), which
amount represents Salt's repayment of past due rent. These funds
will assist the Debtor to make the payments committed to
post-Filing Date real property taxes and other lienable municipal
obligations, insurance, as well as new value to, inter alia, pay
allowed administration costs inclusive of United States Trustee
quarterly fees and professional fees for the Debtor.

The Salt repayment will total $34,500 before the end of 2019, and
will continue at the amount of $4,500 per month ($54,000 per year)
to the Debtor in 2020, 2021 and for the first four months of 2022
of this Plan.

Beginning on or about May 2022, and continuing for six years
thereafter, until April 2028 (a total of 72 months), the Boyles
personally will contribute $4,500 per month (total $324,000), which
funds will be utilized to effectuate the Plan, including paying on
the Effective Date (i) Comerica, (ii) real property taxes and other
lienable municipal charges; (iii) Allowed Administration Claims,
including Court fees, fees of the United States Trustee and
attorneys' fees and expenses; (iv) Unsecured Claims; and (v) costs
of effectuating the Plan after the Effective Date, including the
regular mortgage payments to the Tax Lienholder, Comerica and
unsecured creditors.  Comerica will retain its first priority lien
post-confirmation and continue to receive payments pursuant to the
Plan.

A full-text copy of the First Amended Combined Plan of
Reorganization And Disclosure Statement dated Dec. 6, 2019, is
available at https://tinyurl.com/sb5uvuf from PacerMonitor.com at
no charge.

Attorneys for BULA World Holdings LLC:

     STEPHEN B. McNALLY
     McNALLY & ASSOCIATES, LLC
     93 Main Street
     Newton, New Jersey 07860
     Tel: (973) 300-4260

Based in Stanhope, New Jersey, Bula World Holdings Limited
Liability Company filed a voluntary Chapter 11 bankruptcy petition
(Bankr. D.N.J. Case No. 19-19243) on May 6, 2019, and is
represented by Stephen B. McNally, Esq., at McNally & Busche,
L.L.C.



CBL & ASSOCIATES: Fitch Lowers LongTerm IDR to CCC+
---------------------------------------------------
Fitch Ratings downgraded the Long-Term Issuer Default Ratings of
CBL & Associates Properties, Inc. and its operating partnership,
CBL & Associates, L.P., to 'CCC+' from 'B-'.

The downgrade reflects Fitch's views of increasing headwinds in
brick-and-mortar retail and CBL's high exposure to the
deteriorating performance of department store anchors, and apparel
and commodity tenants. CBL's operating metrics have worsened to a
degree that Fitch believes traditional refinancing of its unsecured
maturities will remain unavailable, and the probability of some
form of debt exchange has increased materially. The company does
not have any substantial unsecured maturities until 2023, but
regaining access to the unsecured debt markets would likely require
substantial improvement in operating performance, which Fitch views
as unlikely.

CBL has limited access to capital relative to other U.S. equity
REITs. Bank access has been restricted to secured lending through
the credit facility, new secured mortgage capital for lower tier
assets has become largely unavailable and existing mortgage
refinancing has required greater lender leniency in many cases. CBL
remains unable to access the unsecured bond market and its
outstanding bonds currently trade at yields in the mid-teens, which
is consistent with issuer rated 'CCC' or below. Public equity is
not a viable option given the suspension of its common and
preferred dividends and weak NAV share valuation. Private equity,
such as joint ventures, may be available for a small subset of
CBL's assets.

Fitch expects property-level fundamentals will remain pressured by
store closures and bankruptcies of weaker performing retailers,
which will challenge the company's ability to sustain portfolio and
financial metrics. Positively, the aforementioned dividend
suspension will improve cash flow retention and allow for greater
flexibility in efforts to backfill vacancies and redevelop assets
to attract better performing tenants.

KEY RATING DRIVERS

Cash Flow Erosion: Fitch expects CBL's operating metrics will
deteriorate further in the near term, with same-center NOI likely
to decline at a mid-single-digit rate annually through the 2021
rating case projection period. Property-level performance has been
weak with declining occupancies only partially mitigated by
backfilling and negative releasing spreads in the high-single-digit
to low-double-digit range. Performance has been impacted most
significantly by ongoing department store anchor weakness (i.e. JC
Penney, Macy's, Sears) in combination with store closures and
bankruptcies of material in-line tenants (i.e. L Brands' Victoria's
Secret, Foot Locker, Forever 21, etc.). Rent concessions, growing
tenant improvement costs and shorter lease terms characterize CBL's
leasing activity in the last several quarters.

CBL's same-center mall occupancy declined 200bps yoy to 88.7% and
mall same-center NOI was down 6.4% for the nine months ended Sept.
30, 2019. The company's stabilized mall same-center tenant sales
per square foot were $383, up 1.1% yoy; however, sales per square
foot figures can be biased upward by the exit of non-performing
tenants from boxes absent actual improvement in productivity of the
remaining in-line tenant roster. Total portfolio occupancy,
including associated centers and community shopping centers,
declined 150bps yoy to 90.5% and total portfolio same-store NOI was
down 5.5% for the nine months ended Sept. 30, 2019.

For the nine months ended Sept. 30, 2019, blended leasing spreads,
a leading indicator of same-center NOI, were negative 6.6% for all
property types and negative 6.9% for stabilized malls. This follows
full year 2018 activity of negative 10.4% and negative 10.8% for
all properties and stabilized malls, respectively. Fitch expects
continued softness in CBL's operating metrics as the prevailing
retail headwinds continue to pressure the company's tenant roster
of department stores, apparel and commodity retailers. Positively,
74% of new mall leasing and 60% of total mall leasing, including
renewals, has been non-apparel through nine months of 2019.

Conditional Capital Access: CBL's access to capital has been
limited to its secured credit facility and refinancing of secured
mortgage maturities has required lender leniency in many cases. CBL
has no tangible access to the REIT unsecured bond market or
public/preferred equity markets. The company does have some runway
prior to its first unsecured bond maturity in 2023, but Fitch
anticipates refinancing will require at least partial principal
reduction through available cash flow and ultimately some form of
debt exchange to rebalance its capital structure.

Declining UA/UD: CBL encumbered many of its best-performing assets
when it transitioned to a secured credit facility in January 2019,
diluting the quality and amount of unencumbered asset coverage of
unsecured debt. Secured financing available for less productive
malls has weakened materially, limiting the contingent liquidity
provided by the company's remaining unencumbered pool. Secured
mortgage lenders, including CMBS, have tightened class B mall
underwriting standards to generally require tenant productivity
above $400 psf, compared to CBL's $313 psf weighted average for its
unencumbered pool at Sept. 30, 2019.

Fitch's estimate of unencumbered asset coverage of unsecured debt
(UA/UD) was approximately 0.5x when applying a stressed 17.0%
capitalization rate to 3Q19 annualized unencumbered NOI, down from
0.8x for 3Q18.

Credit Metrics Weak, Stabilizing: Fitch expects leverage (as
measured by net debt to recurring operating EBITDA) will sustain in
the high-7x to low-8x range through 2021 as the company is likely
to shed non-performing assets and the committed mortgages at
maturity with minimal direct EBITDA impact. Retained cash flow of
approximately $200 million will allow the company to accelerate
investment in select redevelopment and tenant releasing costs to
counter some of the anticipated EBITDA decline due to occupancy
losses and rent roll down. CBL's leverage was 7.6x for the third
quarter ended Sept. 30, 2019, up from 7.3x for the year ended Dec.
31, 2018.

When treating 50% of CBL's preferred stock as debt, leverage would
be approximately 8.3x.

Fitch estimates pro forma TTM fixed charge coverage improved to
2.2x from 1.8x when accounting for the suspension of preferred
dividends. Fitch expects fixed charge coverage to sustain in the
high-1x to low-2x range through 2021, approximately level with the
year ended Dec. 31, 2018.

Activist Investor Heightens Strategic Uncertainty: Fitch sees
heightened strategic uncertainty from shareholder activism that
could weaken CBL's credit profile. For example, CBL could adopt new
financial policies which include a restructuring of the balance
sheet through approaches potentially detrimental to the company's
unsecured creditors.

However, so far the emergence of an activist investor in CBL's
common equity has not resulted in more aggressive or shareholder
friendly financial policies. Exeter announced its 6% stake in CBL
in August 2019 and the November agreement with CBL appointed
Michael Ashner and Carolyn Tiffany to the board. The agreement also
established a Capital Allocation Committee to serve as an advisory
committee to the board and review strategic decision making and
provide recommendations to the board.

Recovery Ratings: Fitch's recovery analysis assumes CBL would be
considered a going-concern in bankruptcy and the company would be
reorganized rather than liquidated. Fitch applies individual
stressed capitalization rates, based on the addition of 50bps to
current prevailing market cap rates, to the 3Q19 NOI generated by
each tier of mall asset as well as the associated and community
center assets to determine weighted average stressed capitalization
rate of 13.4%. The stressed cap rates applied to each asset tier
are as follows: Tier I malls, 10.7%, Tier II malls, 14.5%, Tier III
malls, 20.4%, and Other Centers, 9.0%.

3Q19 annualized NOI of $523 million is discounted by 10.6%, based
on anticipated SSNOI declines of 6.2% in fiscal 2020 and 4.7% in
fiscal 2021, and added to forecasted 6% redevelopment yields on
$250 million of expected redevelopment spending through 2021. The
weighted average stressed cap rate of 13.4% is applied to the
post-reorganization NOI of $483.3 million to determine a
recoverable value for the real estate portfolio. This value is
combined with a discounted valuation of non-real estate assets to
determine a net recoverable value available to holders of CBL's
obligations of $3.4 billion, after applying 10% to administrative
costs and priority claims. There is no assumption of concession
allocation to unsecured claims due to expected recoveries of the
unsecured bonds in the 31%-50% range.

The distribution of value yields a recovery ranked in the 'RR1'
category for the senior secured revolver and term loan based on
Fitch's expectation of recovery for the facility in the 91%-100%
range, the 'RR4' category for the senior unsecured bonds based on
recovery in the 31%-50% range, and the 'RR6' category for the
preferred stock based on recover in the 0%-10% range.

The credit facility is secured by a first-priority lien on several
of CBL's Tier I assets, its most productive as measured by tenant
sales per sf. Fitch assumes that CBL would draw the full amount
available under its $685 million revolving credit facility in a
bankruptcy scenario, and includes that amount in the claims
waterfall. Fitch also assumes that all $1.5 billion in outstanding
first-lien mortgages are fully repaid via the recoverable value in
a going concern scenario. Fitch includes $56.2 million in recourse
loans on operating properties and $119.2 million of CBL's
guarantees on unconsolidated joint venture mortgages, construction
loans, leases and its performance bonds, as of Sept. 30, 2019, in
the waterfall and considers them structurally senior to CBL's
unsecured bonds.

Under Fitch's Recovery criteria, these recoveries result in
notching three levels above the IDR for the credit facility to
'B+', notching level with the IDR for the unsecured bonds to
'CCC+', and notching two levels below the IDR to 'CCC-' for the
preferred stock.

The recoveries of CBL's operating portfolio are about $100 million
lower than Fitch's August 2019 recovery analysis reflecting more
conservative current views on the stressed capitalization rates
utilized for the mall assets. This is balanced by the reduction of
first-priority secured mortgages by ~$120 million since the end of
2Q19 through lender give backs and asset sales.

DERIVATION SUMMARY

CBL's relative levels of occupancy, SSNOI growth, leasing spreads
and tenant sales productivity are weaker than B-mall peer
Washington Prime Group (WPG, BB-/Negative) and considerably weaker
than A-mall peer Simon Property Group (SPG, A/Stable). CBL's
leverage in the high-7x to low-8x range is similar to WPG's, but
significantly higher than SPG's which sustains leverage in the
low-5x range.

Further, CBL's contingent liquidity, as measured by UA/UD, is
estimated at 0.5x and exhibits high levels of adverse selection.
Fitch estimates WPG's UA/UD at approximately 1x and SPG's at 3x. In
addition, CBL's capital access is materially weaker than its peers
and severely limits its financial flexibility. WPG has exhibited
moderately better access to the secured mortgage markets as its
assets are generally more productive than CBL's based on sales per
sf. SPG has exhibited market-leading access through-the-cycle to
both the bond and equity markets.

KEY ASSUMPTIONS

Annual SSNOI growth in the negative mid-single-digits in 2019-2021,
driven largely by 700bps of lost occupancy from the beginning of
2019 through 2021;

Annual recurring capital expenditures of ~$75 million;

Annual development/redevelopment spend of $125 million for
2019-2021. The weighted average initial yield on cost for projects
coming online is approximately 6%, which is below the company's
historical returns on development/redevelopment;

Total non-core asset sales of $175 million in 2019 followed by ~$50
million per year in 2020 and 2021, respectively;

Term loan amortization of $35 million annually and $60 million of
mortgage amortization annually from 2019-2021.

RATING SENSITIVITIES

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

Improved financial flexibility stemming from an increase in capital
markets access, including the secured mortgage market, the
unsecured debt market and the public equity market;

Sustained improvement in operating fundamentals (i.e. sustained
positive SSNOI results and/or corporate earnings growth);

Fitch's expectation of UA/UD exceeding 1x;

Fitch's expectation of net debt to recurring operating EBITDA
sustaining below 7.5x;

Fitch's expectation of REIT fixed charge coverage sustaining above
1.25x.

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

Reduced financial flexibility and/or a deteriorating liquidity
profile stemming from significant utilization of line of credit,
difficulty refinancing debts, or a debt restructuring/exchange;

Sustained deterioration in operating fundamentals or asset quality
(i.e. sustained negative SSNOI results and/or corporate earnings
growth);

Fitch's expectation of REIT fixed charge coverage sustaining below
1.25x

Fitch's expectation of UA/UD sustaining below 1x.

LIQUIDITY AND DEBT STRUCTURE

Weak Liquidity Coverage: CBL's base case liquidity coverage ratio
of 0.7x for the period Oct. 1, 2019 to Dec. 31, 2021 is weak, but
sufficient for the rating. In December, CBL suspended its common
and preferred dividends through at least 2020, which has improved
the company's near-term liquidity profile by providing $55 million
of incremental retained cash flow. CBL paid out a combined $207
million in distributions to common and preferred unitholders in
fiscal 2018, and though cash flow generation continues to decline,
the additional cash retention is a credit positive and will support
redevelopment and retenanting efforts across the portfolio.

The company will need to avoid accrual of six or more quarterly
periods of preferred dividends in arrears to prevent preferred
holders from enforcing their ability to nominate two directors to
the board at the next annual meeting. Fitch has anticipated that
the company makes the necessary payments on its preferred equity to
satisfy these requirements.

The company has settled litigation related to allegations of
overcharging tenants for electricity and accrued a liability of
$88.2 million. During 3Q19, the company reduced the settlement
liability by $22.7 million related mostly to past tenants that did
not submit a claim with the remainder related to tenants that opted
out of the lawsuit, and separately paid out a portion of the
accrued liability, which amounted to just over $23 million
subsequent to the end of 3Q19. Fitch anticipates the company will
pay out additional charges to current tenants of $7.5 million per
year over the next five years, which Fitch accounted for in its
analysis of the company's liquidity.

Fitch also includes the company's guaranteed UJV obligations with a
maturity within the 4Q19-2021 analysis period with a 50% discount
to reflect the likelihood that not all obligations will require
servicing by the company.

The company's liquidity coverage improves to 1.1x assuming it
refinances 60% of its secured mortgage maturities through 2021.
Fitch assumed a lower refinancing rate of mortgage debt (60% vs.
80%) than its traditional analysis based on the evidence of
increasing difficulty with refinancing transactions and a growing
need for lender leniency to avoid asset give backs. As of Sept. 30,
2019, the company has $380 million available under its $685 million
secured revolver, which matures July 2023.

Fitch defines liquidity coverage as sources of liquidity divided by
uses of liquidity. Sources include unrestricted cash, availability
under secured revolving credit facilities, and retained cash flow
from operating activities after dividends. Uses include pro rate
debt maturities, expected recurring capital expenditures and
expected (re)development costs.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of 3. A score of 3 is defined as:
ESG issues are credit neutral or have only a minimal credit impact
on the entity, either due to their nature or the way in which they
are being managed by the entity.

CBL has an ESG Relevance Score of 4 for Exposure to Social Impacts
as an owner, operator and provider of retail real estate affected
by changing social dynamics related to how consumers are shopping
in the U.S., which has had a negative impact on operating
performance and the company's credit profile, and is relevant to
the ratings in conjunction with other factors.


CONSIS INTERNATIONAL: Unsec. Creditors to Recover 15% Under Plan
----------------------------------------------------------------
Consis International LLC has a Chapter 11 plan that proposes a
recovery of 15 cents on the dollar for general unsecured
creditors.

General unsecured claims in Class 3 are comprised of Claims #6, #7
[the Bolivians] (in the amount of $5,780,936.08 for Plan purposes)
and #10, #11 [Asesuisa] (in the amount of $2,821,362.51 for Plan
purposes).  This class, whose claims exceed $80,001 each, shall
receive payments totaling $1,300,000 which collectively represent a
distribution of 15% of the outstanding claims of the creditors in
Class 3.  Such payments will be made to La Boliviana and Asesuisa
in installments on a monthly basis over a 48-month term starting on
the Effective Date of the Plan.

Allowed general unsecured claims of insiders in Class 4 --
comprised of German Marcano, Oscar Carrera, Leonardo Lucena and
Juan Medina, collectively owed $387,542 -- will receive no
distribution from the Plan.

Holders of unsecured claims classified as convenience claims (less
than $80,001) in Class 5 will receive their pro rata share of
$24,695.60 within 60 days of the Effective Date of the Plan.  This
class will receive the same percentage distribution (15%) as the
other non-insider general unsecured claimants in Class #3.

Members of the Debtor in Class 6 will provide new value to the
reorganized Debtor as necessary to fund the Plan.  Specifically,
the new value provided will be the sum to fund the Convenience
Class Claim, $24,695.60.

A full-text copy of the Third Amended Disclosure Statement dated
Dec. 4, 2019, is available at https://tinyurl.com/yx5r96oe from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Aleida Martinez Molina
     Weiss Serota Helfman Cole & Biennan, PL
     2525 Ponce de Leon Boulevard, Suite 700
     Coral Gab les, Florida 33134
     Telephone: (305) 854-0800
     Facsimile: (305) 854-2323
     E-mail: amartinez@wsh-law.com

                   About Consis International

Consis International LLC -- https://www.consisint.com/ -- provides
computer systems design and related services. It was founded in
August 1987 in Caracas, Venezuela.

Consis International sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-22233) on Oct. 2,
2018.  In the petition signed by Oscar Carrera, manager, the Debtor
was estimated to have assets of less than $1 million and
liabilities of $1 million to $10 million.  Judge John K. Olson
oversees the case.  Weiss Serota Helfman Cole & Bierman, P.L., is
the Debtor's legal counsel.


CP#1109 LLC: Files Amended Reorganization Plan
----------------------------------------------
Debtor CP#1109, LLC filed with the U.S. Bankruptcy Court for the
Southern District of Florida, Palm Beach Division, an amended plan
of reorganization dated November 26, 2019.

The Amended Plan provides for treatment of claims against the
Debtor.

Class 2 consists of holders of Allowed Unsecured Claims of
non-insiders. The filed claims before objections have been filed by
the Debtor are:

IRS - POC 1 $ 4,290.00
Dismore & Shohl LLP - POC 2 $24,695.63
Continental - POC 3 $16,321.71
SE Areo - POC 4 $29,524.20

Three days before the hearing on confirmation of the Debtor's
Amended Plan of Reorganization, the Debtor through affiliates shall
fund a claim reserve in the amount of $74,831.54 into the Debtor's
debtor-in-possession bank account which funds shall be reserved
exclusively to fund the class 2 claims within 30 days of entry of
an Order allowing any claim subject to a pending objection by the
Debtor.

The Debtor shall pay each such allowed claim in the full amount as
allowed by a Final Order plus interest on said amount commencing on
the Petition Date and running through the date of the Order
allowing the claim at the Till rate which here is defined as the
prime rate plus 1% given the risk of non-payment is minimal given
the funds necessary to pay the claims shall be on deposit before
the hearing on confirmation.

Class 3 consists of holders of Allowed Unsecured Claims of
insiders. Class 3 claims consists of:

Commerce Realty Group $309,439.49
Martin E. O’Boyle $ 50,000.00

The Debtor shall not make any distribution to a Holder of an
Allowed Class 3 Claim until the completion of the payments to Class
2 under the Plan. The Debtor is currently Plaintiff in two
lawsuits, should the Debtor recover monetary damages in the
lawsuits, the Debtor shall use the funds to satisfy the Allowed
Class 2 Claims in full with said recovery. In short, in the event
the Debtor recovers funds, the Debtor shall prepay the Allowed
Class 2 Claims with interest.

A full-text copy of the Amended Plan is available at
https://tinyurl.com/vf2o8t9 from PacerMonitor.com at no charge.

          About CP#1109 LLC

CP#1109, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 18-25821) on Dec. 20, 2018. At the
time of the filing, the Debtor was estimated to have assets of less
than $1 million and liabilities of less than $500,000. The case is
assigned to Judge Mindy A. Mora. AM Law, LLC, is the Debtor's
counsel.


CTW REALTY: Plan Still Mulling Sale, Refinancing or Reinstatement
-----------------------------------------------------------------
C.T.W. Realty Corp. submitted a Second Amended Disclosure Statement
attached to the Debtor's Plan.

According to the Disclosure Statement, the Debtor's Plan may be a
plan of liquidation or a plan or reorganization depending upon
which sale or investment offer the Debtor determines will
ultimately maximize value for all its creditors.  For example, if
the Debtor decides to proceed with the sale of the property to the
qualified bidder who submits the highest and best bid at the
auction, the Debtor will move to close on that sale transaction and
liquidate its assets to provide for a creditor to its creditors.
Under that scenario, the Debtor's Plan will be a plan of
liquidation.  If, however, the Debtor determines that a refinancing
or restatement of Wilmington Trust's Secured Claim will maximize
value for all its creditors, the Debtor's Plan will be a plan of
reorganization.

In the event of a Sale, each holder of an Allowed Class 3 General
Unsecured Claim shall receive one or more distributions on a pro
rata basis, up to 100% of such allowed general unsecured claim, in
full and final satisfaction of such allowed general unsecured
claim, from the remaining proceeds of the Distribution Fund, if
any, promptly after the payment in full in Cash of all of the
following: (a) Administrative Claims, (b) Fee Claims, (c) the Class
1 Claim, (d) the Class 2 Claim, and (e) Priority Tax Claims.  In
the event the Debtor determines to Reinstate or Refinance the
Allowed Secured Claim of Wilmington Trust pursuant to Section 3.1
of the Plan,each Class 3 Allowed Claim will be paid in full in Cash
from the proceeds of the Distribution Fund.

   * Class 4 - Allowed Interests. In the event of a Sale, the
Debtor’s Owner, as the sole holder of an Interest in the Debtor,
shall receive the remaining proceeds of the Distribution Fund, if
any, after the payment of all classified and unclassified Allowed
Claims.

The Plan shall be funded with (a) Cash on hand and (b) the net
proceeds of (i) a Sale of the Property pursuant to the Bid
Procedures, (ii) the Refinancing of the Class 1 Claim or (iii) any
other capital raise or other investment in the Debtor approved by
the Bankruptcy Court, or any
combination of the foregoing.

A full-text copy of the Second Amended Disclosure Statement dated
Dec. 6, 2019, is available at https://tinyurl.com/tm8slfr from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Steven B. Smith
     Meaghan Millan
     HERRICK, FEINSTEIN LLP
     2 Park Avenue
     New York, NY 10016
     Telephone: (212) 592-1400
     Facsimile: (212) 592-1500

                 About C.T.W. Realty Corp.

C.T.W. Realty Corp. is a single asset real estate company which was
formed for the ownership and management of that certain commercial
property located at 55-59 Chrystie Street, New York, NY 10002.

On May 6, 2019, Wilmington Trust, N.A., as Trustee for the Benefit
of the Holders of LCCM2017-LC26 Mortgage Trust Commercial Mortgage
Pass-Through Certificates, Series 2017-LC26, filed Motion To Excuse
Compliance By Receiver With 11 U.S.C. Sec. 543. On June 4, 2019,
the Court entered an order granting the Receiver Motion.

C.T.W. Realty Corp., based in New York, NY, filed a Chapter 11
petition (Bankr. S.D.N.Y. Case No. 19-11425) on May 1, 2019.  In
the petition was signed by Gary M. Tse, president, the Debtor was
estimated to have $10 million to $50 million in both assets and
liabilities. Steven B. Smith, Esq., at Herrick Feinstein LLP,
serves as bankruptcy counsel to the Debtor.


DATUM TECHNOLOGIES: Court Confirms Sale-Based Plan
--------------------------------------------------
Judge Catherine Peek McEwen has confirmed Datum Technologies LLC's
Chapter 11 Plan and approved on a final basis the Debtor's
Disclosure Statement.

The Plan is confirmed in all respects, the Plan is hereby modified
to remove Section 11.3 in its entirety.  No further solicitations
of the Plan are required.

A status conference is hereby set for Jan. 9, 2020 at 3 p.m. in
Courtroom 8B, Sam M. Gibbons United States Courthouse, 801 N.
Florida Avenue, Tampa, Florida.

The deadline for filing objections to nongovernmental proofs of
claims is hereby extended to Feb. 17, 2020, and the deadline for
objections to governmental proofs of claim is extended to April 13,
2020.

The Debtor filed its original Chapter 11 Plan on Oct. 28, 2019.  On
Nov. 18, 2019, the Debtor filed its First Amended Chapter 11 Plan
to reflect a compromise reached by Debtor and Creditor, TG Frost
Companies, Inc.   The revisions to the Plan did not impact the
treatment of any creditors other than TG Frost.

The Debtor filed its ballot tabulation.  As reflected therein,
Class 1 (secured claims) and Class 3 (general unsecured claims)
voted to accept the Plan.  Class 2 (All Other Secured Claims) is
unimpaired and therefore deemed to have accepted the plan.  Class 4
(Equity Interests) will receive nothing under the Plan and is
therefore deemed to have rejected the Plan.

As reported in the Troubled Company Reporter, Datum Technologies
filed a Chapter 11 plan that contemplates the sale of substantially
all of its assets to a purchaser.  There will be a carve-out from
the sale for the benefit
of general unsecured claims.  Holders of allowed general unsecured
claims (Class 3) will receive their pro rata share of the Unsecured
Creditor Carve-Out less post-Effective Date administrative fees and
expenses.

A full-text copy of the First Amended Chapter 11 Plan dated Nov.
18, 2019, is available at https://tinyurl.com/yxxxrhav from
PacerMonitor.com at no charge.

A copy of the Plan Confirmation Order is available at
https://tinyurl.com/tq54z8s from PacerMonitor.com free of charge.

Attorneys for Datum Technologies:

     Lara R. Fernandez
     Lori V. Vaughan
     TRENAM, KEMKER, SCHARF, BARKIN,
     FRYE, O'NEILL & MULLIS P.A.
     101 E. Kennedy Blvd., Suite 2700
     Tampa, FL 33602
     Telephone: (813) 223-7474

                    About Datum Technologies

Datum Technologies LLC -- https://www.datumtechnologies.com/ -- is
an IT services company focused on the multi-unit restaurant
industry, managing both restaurant and corporate level technology
throughout the United States. At the store level, the Company
implements, supports, and maintains a variety of points-of-sale
(POS), back office platforms, and integrations (online ordering,
loyalty, gift cards, kitchen video).  At the corporate level, it
supports above-store platforms for menu management and reporting,
along with business networking, servers, telecommunications,
desktop & peripheral products.

Datum Technologies sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-09507) on Oct. 7,
2019.  In the petition signed by CEO Rafael Alfonzo, the Debtor
disclosed $1,164,551 in assets and $9,846,580 in debt.  Lori V.
Vaughan, Esq. at TRENAM LAW serves as the Debtor's counsel.


DEAN FOODS: Clark Hill Represents 4 Unsecured Claimants
-------------------------------------------------------
In the Chapter 11 cases of Southern Foods Group, LLC, the law firm
of Clark Hill PLC submitted a verified statement under Rule 2019 of
the Federal Rules of Bankruptcy Procedure, to disclose that it is
representing the following parties:

    a) Elopak, Inc.
    b) Regions Bank
    c) Silgan White Cap LLC
    d) TIAA Commercial Finance, Inc.
       f/k/a EverBank Commercial Finance, Inc.

As of Dec. 20, 2019, the parties listed and their disclosable
economic interests are:

a) Elopak, Inc.
   46962 Liberty Drive
   Wixom, MI 48393

   * Elopak, Inc. holds an unsecured claim against the Debtor's
     estate in the approximate amount of $2,019,001.24 relating to
     the sale of goods sold to the Debtor.

   * Amount of Claim: $2,019,001.24

b) Regions Bank
   1900 Fifth Avenue
   North Birmingham, AL 35203

   * Regions Bank holds an unsecured claim against the Debtor's
     estate in the approximate amount of $6,600,000 relating to
     the Master Vehicle Lease Agreement with all amendments and
     schedules dated September 14, 2012 between Regions Equipment
     Finance Corporation and Dean Transportation Inc. ("Dean"). As
     of the date of filing this Rule 2019 Disclosure, the Debtor
     has not assumed or rejected the lease with Regions Bank.

   * Amount of Claim: $6,600,000

c) Silgan White Cap LLC
   21600 Oxnard Street Suite 1600
   Woodland Hills, CA 91367

   * Silgan White Cap LLC holds an unsecured claim against the
     Debtor's estate in the approximate amount of $2,357,000
     relating to the sale of goods sold to the Debtor.

   * Amount of Claim: $2,357,000

d) TIAA Commercial Finance, Inc.
   f/k/a EverBank Commercial Finance, Inc.
   10 Waterview Blvd.
   Parsippany, NJ 07054

   * TIAA Commercial Finance, Inc. f/k/a EverBank Commercial
     Finance, Inc. holds an unsecured claim against the Debtor's
     estate in the approximate amount of $3,500,000 relating to
     the Master Vehicle Lease Agreement with all amendments and
     schedules dated June 27, 2014 between TIAA, as assignee of
     Fleet Advantage, LLC and Dean. As of the date of filing this
     Rule 2019 Disclosure, the Debtor has not assumed or rejected
     the lease with TIAA.

   * Amount of Claim: $3,500,000

Counsel for Elopak, Inc.; Regions Bank; Silgan White Cap LLC; Tiaa
Commercial Finance, Inc. f/k/a Everbank Commercial Finance, Inc.
can be reached at:

          CLARK HILL dba CLARK HILL STRASBURGER
          Robert P. Franke, Esq.
          Andrew G. Edson, Esq.
          Audrey L. Hornisher, Esq.
          901 Main Street, Suite 6000
          Dallas, TX 75202
          Tel: (214)651-4300
          Fax: (214)651-4330

          CLARK HILL PLC
          Scott N. Schreiber, Esq.
          130 East Randolph Street, Suite 3900
          Chicago, IL 60601
          Tel: (312)985-5595
          Fax: (312)985-5984

               - and -

          CLARK HILL PLC
          Shannon L. Deeby, Esq.
          151 S Old Woodward Ave Ste 200
          Birmingham, MI 48009-6103
          Tel: (248)988-5889
          Fax: (248)988-2504

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/6CT6uR

                      About Southern Foods

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. Tex. Lead Case No. 19-36313).  In the
petitions signed by Gary Rahlfs, senior vice president and CFO, the
Debtors were estimated to have assets and liabilities of $1 billion
to $10 billion.

Judge David Jones is the presiding judge.

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.


DESIGN REFRIGERATION: Has 100% Plan Over 60 Months
--------------------------------------------------
Refrigeration and Air Conditioning Company filed a reorganization
plan that proposes to pay 100 cents on the dollar to general
unsecured creditors.

From Jan. 1, 2019, through the filing of the Chapter 11 on Oct. 11,
2019, the corporate Debtor showed a net loss of ($56,734.31) on
sales of $2.068 million.  During the same eight month period, the
Debtor shows $269,578.52 in payments for "Finance Charge" and "Loan
Interest".

The filing of the Chapter 11 released Debtor from the "death grip"
of the hard money lenders.  The Debtor anticipates that based on
its current rate of gross revenue and expenses, as shown originally
in the proposed Budget attached to the Motion For the Use of Cash
Collateral filed on Oct. 15, 2019 and the Plan Projections, the
Debtor can afford a 100% plan, meaning the Debtor will repay all
creditors 100% over 60 months, which total payment is estimated at
less than $800,000.  Per the 5 year Projections, the Debtor
anticipates net profits averaging $22,000 per month over the five
years or $264,000 per year to fund a plan.  Consistent with this,
the anticipated net profit for November 2019 is $21,531.

At the time of the filing of the bankruptcy, the Debtor owed the
five "hard money" lenders a total of approximately $315,000:

Class 1 - FC Market Place aka Funding Circle   $33,241
Class 2 - Yes Funding                          $86,289
Class 3 - Direct Cash                          $88,198
Class 4 - Regal Capital                        $85,483
Class 5 - Kabbage                              $22,183

The remaining creditors, by class, are owed:

Class 6 - Broward County (Secured claim for
  intangible personal property tax)               $448
Class 7 - IRS (withholding taxes)             $161,000
Class 8 - Fla Dept of Revenue (Priority claim)    Paid
Class 9 - General Unsecured claims            $248,475

Monthly Payments to be made by the Debtor to each class under the
Plan is as follows:
  Class   Creditor            Term of Payment       Amount
  -----   --------            ---------------       ------
  1  FC Marketplace            60 months              $554
  2  Yes Funding               60 months            $1,438
  3  Direct Cash Lending       60 months            $1,470
  4  Regal Capital             60 months            $1,425
  5  Kabbage, Inc.             60 months              $370
  6  Broward County Tax Coll.  Lump sum              ($448)
  7  IRS (Priority)            55 months            $3,282
  8  Fla Dept. of R (Priority) 55 months           Unknown
  9  Gen. Unsecured Creditors  60 months            $4,057
  Administrative – Van Horn    12 months            $3,500

The total amount of all general unsecured claims as of Dec. 3, 2019
is $608,532.  Of that amount, $360,056 is held by Hector Quevedo,
Vice President of the Debtor.  As an insider, his claim will not be
paid.  The allowed claims as of the 3rd of December total $248,476,
which will be paid in full over 60 months.  The bar date is Feb.
13, 2020.  The Debtor will pay any additional allowed unsecured
claims in full.  The Debtor anticipates that it will have
sufficient funds available to pay in full any additional allowed
claim that has not been filed as of Dec. 3, 2019 or scheduled by
the Debtor.  Based on the current claims, distributions in the
amount of $12,424 will be made on a quarterly basis (20 quarters)
for five years.

The funds to make the initial payments will come from the Debtor in
Possession's Bank account.  Funds to be used to make cash payments
pursuant to the Plan will derive from Debtor's income.

A full-text copy of the Disclosure Statement dated Dec. 2, 2019, is
available at https://tinyurl.com/vc2s6at from PacerMonitor.com at
no charge.

Attorney for the Debtor:

     Chad Van Horn
     Van Horn Law Group, P.A.
     330 N. Andrews Ave., Suite 450
     Fort Lauderdale, Florida 33301
     Telephone: (954) 765-3166
     Facsimile: (954) 756-7103
     Email: Chad@cvhlawgroup.com

             About Design Refrigeration and Air
                     Conditioning Company

Design Refrigeration and Air Conditioning Company sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
19-23643) on Oct. 11, 2019.  At the time of the filing, the Debtor
was estimated to have assets of less than $50,000 and liabilities
of less than $500,000.  The case is assigned to Judge John K.
Olson.  The Debtor tapped Van Horn Law Group, P.A., as its legal
counsel.



DESIGN REFRIGERATION: Jan. 14 Disclosure Statement Hearing Set
--------------------------------------------------------------
Judge John K. Olson has ordered that a hearing to consider approval
of the Disclosure Statement accompanying Design Refrigeration and
Air Conditioning Company's Chapter 11 Plan will be held on Tuesday,
Jan. 14, 2020 at 10:00 a.m. in United States Bankruptcy Court 299
East Broward Boulevard Courtroom 301  Ft. Lauderdale, Florida
33301.

The deadline for objections to the Disclosure Statement is Tuesday,
Jan. 7, 2020.

The Debtor's counsel:

     Chad Van Horn
     VAN HORN LAW GROUP, P.A.
     330 N Andrews Ave., Suite 450
     Fort Lauderdale, FL 33301   
     Telephone: (954) 765-3166
     Facsimile: (954) 756-7103
     Email: Chad@cvhlawgroup.com

              About Design Refrigeration and Air
                     Conditioning Company

Design Refrigeration and Air Conditioning Company sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
19-23643) on Oct. 11, 2019.  At the time of the filing, the Debtor
was estimated to have assets of less than $50,000 and liabilities
of less than $500,000.  The case is assigned to Judge John K.
Olson.  The Debtor tapped Van Horn Law Group, P.A., as its legal
counsel.



DIRECTVIEW HOLDINGS: Appoints New Chief Executive Officer
---------------------------------------------------------
The Board of Directors of Directview Holdings, Inc. appointed Gerry
Czarnecki as chief executive officer and the sole member of the
Board, effective Dec. 18, 2019.  The appointment follows Roger
Ralston's resignation from his positions as chief executive officer
and as a member of the Board of Directors.  Mr. Czarnecki's
compensation will be determined at a later time.

Gerry Czarnecki is the founder and chairman of the National
Leadership Institute, Inc., a non-profit providing support to
leaders of non-profit and for-profit organizations.  Since 1994,
Mr. Czarnecki served as the chairman and chief executive officer
and the principal stockholder of The Deltennium Group, Inc., which
has interests in a range of principal investments, as well as a
broad consulting practice that helps organizations achieve peak
performance through effective leadership, focused strategy,
effective organization and sound financial management.  In August
2014, Mr. Czarnecki is currently a member of the boards of BKE,
Inc., ECO Building Products, Inc., Nura Health, Inc., RFD,
Associates, Inc.  He was previously a member of the board of
directors and chairman of the audit committee of Jack Cooper
Holdings Corp.  Mr. Czarnecki has served for seventeen years as a
member of the board of directors of State Farm Insurance Company
and chairman of its audit committee; member of the board of
directors of State Farm Bank and State Farm Fire & Casualty;
chairman of the board of directors of MAM Software Group, Inc.; and
member of the board of directors of JA Worldwide, Inc. and chairman
of the compensation committee.  Prior to forming The Deltennium
Group, Mr. Czarnecki was president of UNC Incorporated, a
diversified aerospace and aviation company engaged in
manufacturing, after-market services and military outsourcing
services, the senior vice president of Human Resources and
Administration of IBM Corporation, and held a number of executive
positions in the retail banking and consumer financial services
industry.  Mr. Czarnecki holds a BS in Economics from Temple
University, an MA in Economics from Michigan State University, a
Doctor of Humane Letters from National University and is a
Certified Public Accountant.

                    Resignation of Director

On Dec. 18, 2019, Michelle Ralston submitted her resignation from
her position as member of the Company's Board of Directors,
effective immediately.  Ms. Ralston did not resign as a result of
any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.

                     About Directview Holdings

DirectView Holdings, Inc., (DIRV) together with its subsidiaries,
provides video surveillance solutions and teleconferencing products
and services to businesses and organizations.  Based in Boca Raton,
Florida, the company operates in two divisions, Security (Video
Surveillance) and Video Conferencing.  The Security division offers
technologies in surveillance systems providing onsite and remote
video and audio surveillance, digital video recording, and
services.  It also sells and installs surveillance systems; and
sells maintenance agreements.  The company sells its products and
services in the United States and internationally through direct
sales force, referrals, and its websites.  The Video Conferencing
division offers teleconferencing products and services that enable
clients to conduct remote meetings by linking participants in
geographically dispersed locations.  It is involved in the sale of
conferencing services based upon usage, the sale and installation
of video equipment, and the sale of maintenance agreements.  This
division primarily provides conferencing products and services to
numerous organizations ranging from law firms, banks, high tech
companies and government organizations. DirectView Holdings
maintains two websites at http://www.directview.com/and
http://www.directviewsecurity.com

Directview reported a net loss of $10.05 million for the year ended
Dec. 31, 2018, compared to a net loss of $1.54 million for the year
ended Dec. 31, 2017.  As of Sept. 30, 2019, DirectView Holdings had
$2.70 million in total assets, $33.72 million in total liabilities,
and a total stockholders' deficit of $31.01 million.

Assurance Dimensions, the Company's auditor since 2017, issued a
"going concern" qualification in its report dated April 12, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, stating that the Company had a net loss and
cash used from operations of approximately $10,058,000 and
$1,854,000, respectively for the year ended of Dec. 31, 2018 and a
working capital deficit of approximately $21,351,000 as of Dec. 31,
2018.  These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


EAST END BUS: Eastern Funding Objects to Disclosure Statement
-------------------------------------------------------------
Eastern Funding, LLC d/b/a Specialty Vehicle and Equipment Funding
Group objects to the Disclosure Statement for Plan of
Reorganization of Debtors East End Bus Lines, Inc., Montauk Transit
Service, LLC, Montauk Student Transport LLC, Montauk Transit LLC,
and East End Bus Service LLC.

Eastern Funding asserts that the Debtors have failed to provide any
factual basis for the claimed value of Eastern Funding's vehicles
in the Disclosure Statement. The values provided in the Disclosure
Statement are simply the Debtors' self-serving opinion on
valuation.

A disclosure statement should include the source of the value of
the property addressed in the plan of reorganization or some form
of factual basis for such value.

The adequate information required under Section 1125 has not been
met, and the Disclosure Statement should not be approved, Eastern
Funding argues.

The Debtors' property valuation facts are needed in order to fully
evaluate the Disclosure Statement and the Plan's potential for
confirmation under 11 U.S.C. Section 1129(a)(7)(B) in which, as the
plan proponent, debtor bears the burden of proof on the issue of
valuation under 11 U.S.C. Section 506(a).

Eastern Funding avers that as the Debtors' Plan is purported to be
a reorganization plan under which the Debtors seek to retain the
secured creditor's property, the property valuation information
will be helpful to the creditors to help determine if the Plan is
suitable for confirmation, since a plan is not confirmable over a
secured creditor's plan objection unless debtor's plan provides the
secured creditor with payments, over the life of the plan, equal to
present value of the replacement value of the property.

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

Eastern Funding is represented by:

  Clifford A. Katz
  Platzer, Swergold, Levine, Goldberg, Katz & Jaslow, LLP
  475 Park Avenue South, 18th Floor
  New York, New York 10016
  Tel: (212) 593-3000
  Email: ckatz@platzerlaw.com

                  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.


EAST END BUS: NEC Financial Objects to Disclosure Statement
-----------------------------------------------------------
NEC Financial Services LLC objects to the Disclosure Statement for
the Plan of Reorganization of Debtors East End Bus Lines, Inc.,
Montauk Transit Service, LLC, Montauk Student Transport LLC,
Montauk Transit LLC, and East End Bus Service LLC.

NECFS asserts that the Disclosure Statement should not be approved,
as the information annexed to the Disclosure Statement was
incomplete and does not support the Debtors' claims of revenue,
profits, taxes, depreciation, and amortization for the stated
period of September 13, 2018 to August 31, 2019, which is referred
to and cited to by the Debtors on page 11 of the Disclosure
Statement as evidence of the Debtors' profitability.

NECFS says that the information contained in the Disclosure
Statement regarding its secured claim is significantly inadequate.


Assuming that East End's $300,000 stated property valuation is not
a valuation of East End's equipment but is a claimed valuation of
NEC's Collateral Motor Vehicles, then the Disclosure Statement does
not provide any factual basis for claimed valuation and appears to
be merely the Debtors' self-servicing opinion, NECFS argues.

NECFS says the Debtors have not disclosed any factual basis
supporting how the Debtors valued NECFS' Collateral Motor Vehicles.
Furthermore, since it does not appear that the Debtors' valuation
is factual and since it appears that the Debtors are withholding
appraisal value information and reports regarding NECFS' collateral
and perhaps to other creditors, the adequate information required
11 U.S.C.S Section 1125 has not been met, and the Disclosure
Statement should not be approved, NECFS adds.

The Debtors' property valuation facts are needed in order to fully
evaluate the Disclosure Statement and the Plan's potential for
confirmation under 11 U.S.C.S Section 1129(a)(7)(B) in which as the
plan proponent, the debtor bears the burden of proof on the issue
of valuation under 11 U.S.C.S Section 506(a), NECFS maintains.

A full-text copy of the Objection is available at
https://tinyurl.com/w8o6del from PacerMonitor.com at no charge.

NEC Financial is represented by:

  Clifford A. Katz
  ckatz@platzerlaw.com
  Platzer, Swergold, Levine, Goldberg, Katz & Jaslow, LLP
  475 Park Avenue South, 18th Floor
  New York, New York 10016
  Tel: (212) 593-3000
  Fax: (212) 593-0353

           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.


EAST END BUS: William Floyd Union Objects to Disclosure Statement
-----------------------------------------------------------------
William Floyd Union Free School District objects to the approval of
the Disclosure Statement submitted by Debtors East End Bus Lines,
Inc., Montauk Transit Service LLC, Montauk Student Transport LLC,
Montauk Transit LLC, and East End Bus Service, LLC.

East End listed the District as an unsecured creditor on schedule
E/F, classified the District's claim as disputed, and valued the
claim at $60,000.  The District however disputes that the actual
amount of the estimated damages it suffered as set forth in its
proof of claim is $9,473,485.15.

The District's breach of contract claim arises out of East End's
failure to perform under the Student Transportation Contract, but
the District filed a proof of claim in each of the Debtors' cases
out of an abundance of caution, as the District believes it may
have a claim against any of the Debtors due to various transfers
between East End and affiliated entities.

The District further objects to the Debtors' proposed funding of
the Plan. The Debtors intend to fund their Plan by selling 100% of
their collective shares to KTJ Bus Company, LLC in exchange for a
capital infusion of $400,000. KTJ Bus is an insider of the Debtors
pursuant to section 105(31)(B)(vi) of the Bankruptcy Code, as KTJ
Bus is owned by Mensch's Children.

The District also notes that the Disclosure Statement fails to
provide creditors with details regarding the proposed stock
transfer between the Debtors and KTJ Bus.  Such information should
be fully and properly disclosed in the Disclosure Statement so that
creditors can make an informed decision when voting on the Plan.

The District asserts that the Disclosure Statement fails to provide
creditors with adequate information that would enable them to make
an informed judgment about the plan and should not be approved.  

A full-text copy of the Objection is available at
https://tinyurl.com/sy76nps from PacerMonitor.com at no charge.    
        

William Floyd is represented by:

  BOND, SCHOENECK & KING, PLLC
  Sara C. Temes, of counsel
  Andrew S. Rivera, of counsel
  One Lincoln Center
  Syracuse, New York 13202
  Tel: (315) 218-8000
  Fax: (315) 218-8100

            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.


EASTMAN KODAK: Reports Third Quarter Net Loss of $5 Million
-----------------------------------------------------------
Eastman Kodak Company filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $5 million on $315 million of total revenues for the three
months ended Sept. 30, 2019, compared to net income of $19 million
on $329 million of total revenues for the three months ended Sept.
30, 2018.

For the nine months ended Sept. 30, 2019, the Company reported net
income of $178 million on $913 million of total revenues compared
to a net loss of $2 million on $979 million of total revenues for
the nine months ended Sept. 30, 2018.

As of Sept. 30, 2019, the Company had $1.41 billion in total
assets, $1.05 billion in total liabilities, $180 million in
redeemable, convertible series A preferred stock, and $171 million
in total shareholders' equity.

"The Company will continue to concentrate on delivering
industry-leading solutions to customers in our core print and film
businesses," said Jim Continenza, Kodak's executive chairman.
"Looking ahead to 2020, we will focus on generating cash by growing
profitable revenue, making smart investments and eliminating
unnecessary spending."

For the quarter ended Sept. 30, 2019, revenues decreased by
approximately $14 million compared with the same period in 2018.
Kodak ended the quarter with a cash balance of $225 million, an
increase of $27 million from the June 30, 2019 cash balance of $198
million when adjusted for the assets associated with Kodak's offset
printing plates facility in Xiamen, China being reported as assets
held for sale.  The current quarter revenues and Operational EBITDA
include $13 million of license revenue related to the HuaGuang
Graphics Co. Ltd transaction.

"We have strengthened our financial position by eliminating
significant interest costs with the transactions completed earlier
in the year," said David Bullwinkle, Kodak's CFO.  "For the year to
date we have delivered growth in SONORA Process Free Plates,
PROSPER Inkjet annuities and our film business.  We plan to build
on those successes and drive further cost efficiencies to help
achieve our goal of generating cash."

                          Going Concern

As of Sept. 30, 2019 and Dec. 31, 2018, Kodak had approximately
$225 million and $233 million, respectively, of cash and cash
equivalents.  $84 million and $117 million was held in the U.S. as
of Sept. 30, 2019 and Dec. 31, 2018, respectively, and $141 million
and $116 million were held outside the U.S. Cash balances held
outside the U.S. are generally required to support local country
operations and may have high tax costs or other limitations that
delay the ability to repatriate, and therefore may not be readily
available for transfer to other jurisdictions. Outstanding
inter-company loans to the U.S. as of Sept. 30, 2019 and Dec. 31,
2018 were $403 million and $390 million, respectively, which
includes short-term intercompany loans from Kodak's international
finance center of $105 million and $92 million as of Sept. 30, 2019
and Dec. 31, 2018, respectively.  In China, where approximately $71
million and $59 million of cash and cash equivalents was held as of
Sept. 30, 2019 and Dec. 31, 2018, respectively, there are
limitations related to net asset balances that may impact the
ability to make cash available to other jurisdictions in the world.
Kodak had a net increase in cash, cash equivalents, restricted
cash and cash in assets held for sale of $12 million for the nine
months ended Sept. 30, 2019 and a net decrease of $102 million the
year ended Dec. 31, 2018. Kodak used cash of $4 million and $79
million in operating activities for the nine months ended Sept. 30,
2019 and 2018, respectively.  The current year's cash used in
operating activities includes the receipt of brand and functional
intellectual property licensing proceeds allocated from the overall
consideration received as part of the divestiture of the Packaging
segment ($10 million) and the establishment of a strategic
relationship with Lucky HuaGuang Graphics Co. Ltd ($13 million).
Cash used in operating activities also includes the receipt of a
$15 million prepayment for transition services and products and
services to be provided by Kodak associated with the Packaging
segment divestiture, $8 million of which has not yet been utilized.


As disclosed in the SEC filing, "Kodak is facing liquidity
challenges due to operating losses and negative cash flow from
operations.  Kodak has eliminated current debt service requirements
by paying down the Senior Secured First Lien Term Credit Agreement
(the "Term Credit Agreement") using proceeds from the sale of
Kodak’s Flexographic Packaging business ("FPD") and refinancing
the remaining balance through the issuance of convertible debt
which does not require any debt service until conversion or
maturity on November 1, 2021.  However, Kodak has significant cash
requirements to fund ongoing operations, restructuring programs,
pension and other postretirement obligations, and other
obligations.  Kodak's plans to return to positive cash flow include
growing revenues profitably, reducing operating expenses,
simplifying the organizational structure, generating cash from
selling and leasing underutilized assets and paring investment in
new technology by eliminating or delaying product development
programs.  The current cash balance outside of China, recent trend
of negative operating cash flow and lack of certainty regarding the
return to positive cash flow raise substantial doubt about Kodak'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/6HiNMW

                    About Eastman Kodak

Headquartered in Rochester, New York, Eastman Kodak Company --
http://www.kodak.com/-- is a technology company focused on
imaging.  The Company provides -- directly and through partnerships
with other innovative companies -- hardware, software, consumables
and services to customers in graphic arts, commercial print,
publishing, packaging, electronic displays, entertainment and
commercial films, and consumer products markets.

Eastman Kodak reported a net loss of $16 million for the year ended
Dec. 31, 2018, compared to net earnings of $94 million for the year
ended Dec. 31, 2017.  As of March 31, 2019, Eastman Kodak had $1.53
billion in total assets, $1.37 billion in total liabilities, $175
million in redeemable, convertible Series A preferred stock, and a
total shareholders' deficit of $16 million.

PricewaterhouseCoopers LLP, in Rochester, New York, the Company's
auditor since at least 1924, issued a "going concern" qualification
in report dated April 1, 2019, on the Company's consolidated
financial statements for the year ended Dec. 31, 2018, citing that
the Company has debt maturing in 2019, operating losses and
negative cash flows that raise substantial doubt about its ability
to continue as a going concern.

                           *    *    *

As reported by the TCR on June 28, 2019, S&P Global Ratings raised
its issuer credit rating on Eastman Kodak Co. to 'CCC+', with a
stable outlook, from 'CCC', with a negative outlook, reflecting its
view that there is no longer a clear catalyst for default within
the next 12 months.


EP ENERGY: Crady Jewett Represents Pinata, HooDoo Mining
--------------------------------------------------------
In the Chapter 11 cases of EP Energy Corporation, et al., the law
firm of Crady Jewett McCulley & Houren LLP submitted a verified
statement under Rule 2019 of the Federal Rules of Bankruptcy
Procedure, to disclose that it is representing the following
entities:

    a. Hoodoo Mining & Production Company, LLC
       55 Waugh Street
       Houston, Texas 77007

    b. Pinata Minerals Ltd.
       2222 San Felipe, Suite 1400
       Houston, Texas 77019

Each of these entities and/or individuals has an interest in these
proceedings by virtue of either a lease or contract with one or
more of the Debtors.

Crady Jewett McCulley & Houren LLP does not own a claim or interest
in the Debtor or the Debtor's estate. None of the aforementioned
claims have been assigned subsequent to the commencement of this
case, and none have been solicited for purchase by Crady Jewett
McCulley & Houren LLP. At this time, Crady Jewett McCulley & Houren
LLP has no engagement letter with any of these entities.

Crady Jewett McCulley & Houren LLP does not believe that its
representation of the interest of the entities listed above will
create a conflict between, or be adverse to the interests of any of
these parties.  Crady Jewett McCulley & Houren LLP is not
representing a committee.

Pursuant to Bankruptcy Rule 2019(d), Crady Jewett McCulley & Houren
LLP will supplement this statement upon the material change of any
fact contained herein.

Counsel for creditors, Pinata Minerals, Ltd. and Hoodoo Mining &
Production Company, LLC can be reached at:

          CRADY JEWETT MCCULLEY & HOUREN LLP
          Shelley Bush Marmon, Esq.
          2727 Allen Parkway, Suite 1700
          Houston, TX 77019-2125
          Tel: (713)739-7007
          Fax: (713)739-8403
          E-mail: samarmon@cjmhlaw.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/8MBWNn

                        About EP Energy

EP Energy Corporation and its direct and indirect subsidiaries(OTC
Pink: EPEG) -- http://www.epenergy.com/-- are a North American oil
and natural gas exploration and production company headquartered in
Houston, Texas.  The Debtors operate through a diverse base of
producing assets and are focused on the development of drilling
inventory located in three areas: the Eagle Ford shale in South
Texas, the Permian Basin in West Texas, and Northeastern Utah.

EP Energy Corporation and its subsidiaries sought Chapter 11
protection on Oct. 3, 2019, after reaching a deal with Elliott
Management Corporation, Apollo Global Management, LLC, and certain
other noteholders on a bankruptcy exit plan that would reduce debt
by 3.3 billion.

The lead case is In re EP Energy Corporation (Bankr. S.D. Tex. Lead
Case No. 19-35654).

EP Energy was estimated to have $1 billion to $10 billion in assets
and liabilities as of the bankruptcy filing.

The Hon. Marvin Isgur is the case judge.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Evercore
Group L.L.C. as investment banker; and FTI Consulting, Inc., as
financial advisor. Prime Clerk LLC is the claims agent.



EP ENERGY: Haynes and Boone Represents Mineral Lien Claimants
-------------------------------------------------------------
In the Chapter 11 cases of EP Energy Corporation, et al., the law
firm of Haynes And Boone, LLP submitted a verified statement under
Rule 2019 of the Federal Rules of Bankruptcy Procedure, to disclose
that it is representing Storey Minerals, Ltd., Storey Surface,
Ltd., Maltsberger, LLC, Maltsberger/Storey Ranch, LLC,
Maltsberger/Storey Ranch Lands, LLC, Rene R. Barrientos, Ltd., and
the Estate of Sarah Lee Maltsberger.

The Clients retained Haynes and Boone as bankruptcy counsel shortly
before the Debtors filed chapter 11 in the United States Bankruptcy
Court for the Southern District of Texas.

The Clients each hold disclosable economic interests in relation to
the Debtors under a judgment from the LaSalle County district
court, in the 81st Judicial District Court of La Salle County,
Texas, Cause No. 18-05-00083 (the "Judgment"), and also under
several agreements.

As of Dec. 24, 2019, the Clients and their disclosable economic
interests are:

1) Storey Minerals, Ltd.
   c/o Carlos R. Soltero
   Cleveland Terrazas PLLC
   4611 Bee Cave Road, Suite 306B
   Austin TX 78746

   * $17,484,470.00, plus amounts asserted in pending litigation
     and disputes, and continuing obligations under agreements.

2) Maltsberger/Storey Ranch, LLC
   
   * $17,484,470.00, plus amounts asserted in pending litigation
     and disputes, and continuing obligations under agreements.

3) Rene R. Barrientos, Ltd.

   * $6,065,115.00, plus amounts asserted in pending litigation
     and disputes, and continuing obligations under agreements.

4) Storey Surface, Ltd.

   * Continuing obligations under agreements.

5) Maltsberger/Storey Ranch Lands, LLC

   * Continuing obligations under agreements.

6) Maltsberger, LLC

   * Continuing obligations under agreements.

7) Estate of Sarah Lee Maltsberger
   W.A. Maltsberger
   Executor of Estate of Sarah Lee Maltsberger
   P.O. Box 754
   Cotulla, TX 78014

   * Continuing obligations under agreements.

Haynes and Boone does not own any claims against or interests in
the Debtors, nor does Haynes and Boone own any equity securities of
the Debtors.

Counsel for Storey Minerals, Ltd., Storey Surface, Ltd.,
Maltsberger, LLC, Maltsberger/Storey Ranch, LLC, Rene R.
Barrientos, Ltd., Maltsberger/Storey Ranch Lands, LLC, and The
Estate of Sarah Lee Maltsberger can be reached at:

          HAYNES AND BOONE, LLP
          Patrick L. Hughes, Esq.
          Arsalan Muhammad, Esq.
          David Trausch, Esq.
          1221 McKinney, Suite 2100
          Houston, TX 77010
          Telephone: (713) 547-2000
          Facsimile: (713) 547-2600
          E-mail: patrick.hughes@haynesboone.com
                  arsalan.muhammad@haynesboone.com
                  david.trausch@haynesboone.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/BDODAd and https://is.gd/qQj4rl

                      About EP Energy

EP Energy Corporation and its direct and indirect subsidiaries(OTC
Pink: EPEG) -- http://www.epenergy.com/-- are a North American oil
and natural gas exploration and production company headquartered
in Houston, Texas. The Debtors operate through a diverse base of
producing assets and are focused on the development of drilling
inventory located in three areas: the Eagle Ford shale in South
Texas, the Permian Basin in West Texas, and Northeastern Utah.

EP Energy Corporation and its subsidiaries sought Chapter 11
protection on Oct. 3, 2019, after reaching a deal with Elliott
Management Corporation, Apollo Global Management, LLC, and certain
other noteholders on a bankruptcy exit plan that would reduce debt
by 3.3 billion.

The lead case is In re EP Energy Corporation (Bankr. S.D. Tex. Lead
Case No. 19-35654).

EP Energy was estimated to have $1 billion to $10 billion in assets
and liabilities as of the bankruptcy filing.

The Hon. Marvin Isgur is the case judge.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Evercore
Group L.L.C. as investment banker; and FTI Consulting, Inc., as
financial advisor. Prime Clerk LLC is the claims agent.


F&T SPIRITS: 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.

Judge Christine M. Gravelle is the presiding judge.

The Debtors tapped Melinda D. Middlebrooks, Esq., at Middlebrooks
Shapiro, P.C., as counsel.


FLAVORS HOLDINGS: Moody's Reviews Caa2 CFR for Upgrade
------------------------------------------------------
Moody's Investors Service placed the ratings of Flavors Holdings
Inc., including the Caa2 Corporate Family Rating, under review for
upgrade. This follows the announcement that Flavors has agreed to
be acquired by Act II Global Acquisition Corp. Moody's expects that
Flavors' capital structure will improve as a result of this
acquisition. The transaction is scheduled to close during the first
quarter of 2020.

The rating review will focus on Flavors' operating performance and
resulting capital structure following the merger. Under the
proposed merger agreement, Act II will purchase Flavors for $550
million of which $450 million of the proceeds will be used to fully
repay Flavors' existing debt.

The following ratings were placed under review for upgrade:

  - Corporate Family Rating at Caa2

  - Probability of Default Rating at Caa2-PD

  - $350 million first lien term loan due 2020 at Caa2 (LGD 3)

  - $50 million second lien term loan due 2021 at Ca (LGD 6)

RATINGS RATIONALE

Notwithstanding the rating review, Flavors' Caa2 CFR reflects the
company's poor operating performance, weak liquidity, and concerns
regarding the sustainability of its capital structure. The
company's artificial sweetener and licorice businesses continue to
face operating challenges. The company also has very high financial
leverage given its significant debt load in the face of weak
earnings and cash flow. Cash balances and revolver availability are
low, and the company is unlikely to remain in compliance with bank
covenants without amendments or waivers. The credit profile
benefits from good profit margins, significant licorice inventory
that could potentially provide cash if liquidated, and good
geographic diversification.

Flavors Holdings, headquartered in New York, NY, manufactures,
markets and distributes tabletop sweeteners and a variety of
licorice products. Sweeteners represent approximately 60% of
revenue and licorice products approximately 40%. Flavors is
indirectly owned by MacAndrews & Forbes Incorporated. Revenue
approximates $277 million.

The principal methodology used in these ratings was Global Packaged
Goods published in January 2017.


FLORIDA CLEANEX: Unsecureds Owed $931K Only Get $30K in 5 Years
---------------------------------------------------------------
Florida Cleanex, Inc., filed a Chapter 11 Plan that contemplates
that Luis Loiza will continue to operate the business and own 100%
of the stock of the Debtor.

The Plan provides:

   * Class One (Internal Revenue Service Secured Claim). IMPAIRED.
The Internal Revenue Service's secured claim in the amount of
$174,078 will be paid in equal monthly installments beginning on
the effective date of the Plan in an amount of $3,626.63 per
month.

   * Class Two (Internal Revenue Service Priority Claim Claim).
IMPAIRED. The Internal Revenue Service's priority tax claim in the
amount of $768,8288 will be paid in equal monthly installments
beginning on the effective date of the Plan in an amount of
$16,018.00 per month.

   * Class Three (BMW Bank of North America). IMPAIRED. Class Three
consists of the claim of BMW Bank of North America in the amount of
$26,701 secured by the 2013 BMW X5 Utility 4D 35i AWD. BMW Bank of
North America shall have an allowed secured claim in the amount of
$17,400.  The allowed secured claim shall be paid at an interest
rate of 2.190% (pursuant to the contract rate) per annum amortized
over 60 months, with a monthly payment of $306.43 until paid in
full.  The first payment shall occur on the Effective Date of the
Plan.

   * Class Four (Santander Consumer USA).  IMPAIRED.  Class Four
consists of the claim of Santander Consumer USA in the amount of
$42,953 secured by the 2016 GMC Sierra Denali.  Santander Consumer
USA will have an allowed secured claim of $19,144 which will be
paid at an interest rate of 4.00% per annum (per the contract rate)
amortized over 60 months, with a monthly payment of $343.99 until
paid in full.  The first payment shall occur on the Effective Date
of the Plan.

   * Class Five (Kalamata Capital Group): IMPAIRED.  Class Five
consists of the claim of Kalamata Capital Group in the amount of
$97,385 secured by "all assets see financing statement."  The
allowed secured claim of Kalamata Capital Group will be valued at
$0.00 pursuant to 11 U.S.C. Sec. 506.  The balance of the claim in
the amount of $97,385 will be treated as an allowed general
unsecured claim and treated in Class Six.

   * Class Six (General Unsecured Claims). IMPAIRED. The undisputed
general unsecured claims of Debtor total the amount of $930,608,
which will be paid a pro rata distribution on a quarterly basis at
$500 per month over the five-year term of the Plan.

   * Class Seven (Equity Shareholders): There shall be no
distribution to the equity holders under the confirmed Plan and no
dividends to this class.

As with any Plan, an alternative would be a conversion of the
Chapter 11 case to a Chapter 7 case, and subsequent liquidation of
the Debtor’ non-exempt assets by a duly appointed or elected
Trustee.

A full-text copy of the Amended Disclosure Statement dated December
6, 2019, is available at https://tinyurl.com/t5tkpwa from
PacerMonitor.com at no charge.

Attorneys for the Debtor:
   
     Craig I. Kelley
     KELLEY, FULTON & KAPLAN, P.L.
     1665 Palm Beach Lakes Blvd.
     The Forum - Suite 1000
     West Palm Beach, Florida 33401
     Telephone: (561) 491-1200
     Facsimile: (561) 684-3773

                    About Florida Cleanex

Florida Cleanex, Inc., is a privately held company that offers
maintenance and complete janitorial services.  Florida Cleanex
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Fla. Case No. 19-13101) on March 8, 2019.  In the petition
signed by Luis Loaiza, president, the Debtor disclosed $174,078 in
assets and $1,175,100 in liabilities.  The case is assigned to
Judge Raymond B. Ray.  Kelley, Fulton & Kaplan, PL, is the Debtor's
counsel.

The U.S. Trustee did not appoint an official committee of unsecured
creditors in the Chapter 11 case.


FORMING MACHINING: Moody's Reviews B3 CFR for Downgrade
-------------------------------------------------------
Moody's Investors Service placed the ratings for Forming Machining
Industries Holdings, LLC, the legal borrower of the debt facilities
of The Atlas Group, on review for downgrade following Spirit
Aerosystems, Inc.'s announcement that it intends to stop all 737
MAX deliveries to Boeing effective January 1st, 2020.

"The review for downgrade is based on the likely negative impact to
Atlas' near-term liquidity profile of Spirit Aerosystems'
announcement that it will suspend Boeing 737 MAX production
beginning on Jan. 1, 2020," said Gigi Adamo, Moody's lead analyst
for Forming Machining/Atlas.

"Further, besides the likely negative impact on liquidity, Atlas'
already high leverage profile that had been improving through the
last twelve months will likely reverse course if there is a
prolonged production suspension" added Adamo.

Moody's notes that heightened uncertainty and elevated financial
and operational risk will persist over the interim period while 737
MAX production is halted.

On Review for Downgrade:

Issuer: Forming Machining Industries Holdings, LLC

Corporate Family Rating, Placed on Review for Downgrade, currently
B3

Probability of Default Rating, Placed on Review for Downgrade,
currently B3-PD

Senior secured first-lien $50 million revolving credit facility due
2023, Placed on Review for Downgrade, currently B2 (LGD3)

Senior secured first-lien $260 million term loan due 2025, Placed
on Review for Downgrade, currently B2 (LGD3)

Senior secured second-lien $60 million term loan due 2026, Placed
on Review for Downgrade, currently Caa2 (LGD6)

Outlook, Changed to Ratings Under Review From Stable

RATINGS RATIONALE

As the company faces a lower production rate on its most important
program platform, Moody's anticipates a weakening of both Atlas'
credit metrics and near-term liquidity. The company's comparatively
small revenue base (approximately $300 million) and customer
concentration make its operating performance and cash flow profile
particularly sensitive to Boeing and Spirit's production suspension
announcements.

Moody's review will primarily consider: (1) the financial impact of
the suspension in production of Atlas' most important aerospace
platform, including the forward earnings and cash flow profile
along with the ability to remain compliant with financial
maintenance covenants; (2) the sufficiency of liquidity sources to
cover potential cash shortfalls; (3) the duration of the shutdown
and the likely timing of the ungrounding of the 737 MAX by various
regulators; and (4) the resilience of Atlas' supply chain that will
be needed to maintain the health of the same -- by Spirit or
otherwise - both during the shut-down period and when production
and the planned rate ramp-up resume.

Headquartered in Wichita, Kansas, Forming Machining Industries
Holdings, LLC is the holding company of The Atlas Group ("Atlas"),
a manufacturer of complex assemblies for commercial, military, and
business aircraft. Products include door, nacelle and wing
structures. Atlas is controlled by AE Industrial Partners, LP.
Atlas post its combination with FMI Inc., generates pro forma
combined annual revenues of $300 million.

The principal methodology used in these ratings was Aerospace and
Defense Industry published in March 2018.


GATEWAY TO LANCASTER: Victron Gets Chapter 11 Trustee
-----------------------------------------------------
On Nov. 25, 2019, the Court held a hearing on Victron Energy,
Inc.'s Motion to Compel Compliance with First Right of Refusal and,
in the alternative, Motion for Appointment of a Chapter 11 Trustee
for Gateway to Lancaster LLC.

For the reasons set forth on the record, and having considered the
law, the circumstances of the case, the evidence presented, and the
arguments of counsel at the hearing, the Court finds that
appointment of a chapter 11 trustee is in the best interests of
this estate under Chapter 11 of the Bankruptcy Code.

Judge Harlin DeWayne Hale ordered that the Motion for Appointment
of a Chapter 11 Trustee is hereby granted and debtor's objections
to the Motion are overruled.

The U.S. Trustee is directed to appoint a chapter 11 trustee in
this case immediately, and the Debtor shall immediately turn over
possession and control of all the Debtor's assets and operations to
the chapter 11 trustee.

Attorneys for Victron Energy, Inc.

     Emily S. Wall
     CAVAZOS HENDRICKS POIROT, P.C.
     Suite 570, Founders Square
     900 Jackson Street
     Dallas, TX 75202
     Tel: (214) 573-7307
     E-mail: ewall@chfirm.com

A full-text copy of Chapter 11 Trustee Appointment is available at
https://tinyurl.com/vlryq66 from PacerMonitor.com at no charge. 

                  About Gateway to Lancaster

Gateway To Lancaster, LLC was formed on June 25, 2015 as a real
estate company located in Lancaster, Texas.  It is a commercial
landlord, which generates its income from leasing space to a gas
station and restaurant.

Gateway To Lancaster filed a pro se petition for relief under
chapter 11 of title 11 of the United States Code, 11 U.S.C. Secs.
101-1532 (Bankr. N.D. Tex. Case No. 19-31872) on June 3, 2019,
listing under $1 million in both assets and liabilities.  M. J.
Watson & Associates, P.C., is the Debtor's counsel. 


GKS CORPORATION: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: GKS Corporation
           DBA The American Inn for Retirement Living
           DBA The American Inn at Sawmill Park
           DBA The American In
        1 Sawmill Park
        Southwick, MA 01077

Business Description: GKS Corporation -- www.theamericaninn.net --
                      owns and operates a continuing care
                      retirement community and assisted living
                      facility for the elderly.  The American Inn
                      at Sawmill Park is a 50-acre country
                      village setting in Southwick, Massachusetts
                      with easy access to healthcare services,
                      transportation, shopping, and recreation.

Chapter 11 Petition Date: December 26, 2019

Court: United States Bankruptcy Court
       District of Massachusetts

Case No.: 19-30998

Debtor's Counsel: Michael J. Goldberg, Esq.
                  CASNER & EDWARDS, LLP
                  303 Congress Street
                  Boston, MA 02210
                  Tel: 617-426-5900
                  E-mail: goldberg@casneredwards.com

Debtor's
Special
Counsel:          Calvin W. Annino, Jr., Esq.

Debtor's
Provider of
CRO and
Additional
Personnel:        ONEPOINT PARTNERS, LLC

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Michael B. Guarco, president.

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

                      https://is.gd/KDVQSY


GOGO INC: Amends Forward Stock Purchase Confirmation with JPMorgan
------------------------------------------------------------------
Gogo Inc. entered into an Amended and Restated Forward Stock
Purchase Confirmation with JPMorgan Chase Bank, National
Association.

The Company initially entered into a forward stock purchase
transaction with JPMorgan Chase Bank, National Association, London
Branch, in connection with the issuance of the Company's 3.75%
Convertible Senior Notes due 2020 in March 2015, pursuant to which
the Company purchased 4,204,997 shares of its common stock for
settlement on or around March 1, 2020.

The Amended and Restated Forward Stock Purchase Confirmation, among
other things, extends the maturity of 2,113,149 shares of the
Company's common stock deliverable pursuant to the Original Forward
Stock Purchase Confirmation to the last day of the 90 Exchange
Business Day (as defined in the Amended and Restated Forward Stock
Purchase Confirmation) period, commencing on, and including, the
82nd Scheduled Trading Day (as defined in the Amended and Restated
Forward Stock Purchase Confirmation) immediately preceding May 15,
2022, and revises the terms of the Original Forward Stock Purchase
Confirmation to apply to both the remaining 2,091,848 shares of the
Company's common stock that will mature pursuant to the terms of
the Original Forward Stock Purchase Confirmation and the Extended
Shares.

The Amended and Restated Forward Stock Purchase Confirmation is
expected to facilitate privately negotiated derivative transactions
to holders of the Company's 6.00% Convertible Senior Notes due
2022, issued in 2018, including swaps, relating to the shares of
common stock by which holders of the 2022 Convertible Notes have
established short positions relating to the shares of common stock
and otherwise hedge their investments in the 2022 Convertible
Notes.

The Amended and Restated Forward Stock Purchase Confirmation is a
separate transaction, entered into by the Company with JPMorgan
Chase Bank, National Association, and is not part of the terms of
the 2020 Convertible Notes or the 2022 Convertible Notes.  Holders
of the 2020 Convertible Notes and 2022 Convertible Notes will not
have any rights with respect to the Amended and Restated Forward
Stock Purchase Confirmation or the Original Forward Stock Purchase
Confirmation.

                           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 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.

                           *    *    *

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.


GOLD COAST: Jan. 28 Combined Hearing on Plan & Disclosures Set
--------------------------------------------------------------
Judge Timothy A. Barnes has ordered that a combined hearing on
adequacy of the Disclosure Statement and confirmation of the Plan
of Gold Coast Partners LLC will be held on Jan. 28, 2020, at 11:00
a.m. in Courtroom 744, Everett McKinley Dirksen United States
Courthouse, 219 South Dearborn Street, Chicago, IL.

Jan. 10, 2020, is fixed as the last day for filing and serving
written objections to the adequacy of the Disclosure Statement and
confirmation of the Plan.

Jan. 10, 2020, is fixed as the last day for filing written
acceptances or rejections of the Plan.

The Debtor's counsel will file a ballot report on or before January
20, 2020.

Jan. 20, 2020, is fixed as the last day for the Debtor to file
written responses to any objections to the adequacy of the
Disclosure Statement or confirmation of the Plan.

As reported in the TCR, Gold Coast Partners, LLC, submitted a
Fourth Amended Plan of Reorganization and a Disclosure Statement on
Nov. 22, 2019.  Under the Plan, general unsecured creditors
(including the unsecured claims of taxing bodies) will be repaid,
pro rata, in the amount of 10% percent of the allowed unsecured
claims, without interest, in 60 monthly payments, commencing 30
days after the Date.

A full-text copy of the Disclosure Statement dated Nov. 22, 2019,
is available at  https://tinyurl.com/wes6hwl from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Joel A. Schechter
     LAW OFFICE OF JOEL A. SCHECHTER
     53 W. Jackson Blvd., Suite 1522
     Chicago, Illinois 60604
     Tel: (312) 332-0267

                   About Gold Coast Partners

Gold Coast Partners, LLC, is a privately-held company in Chicago,
Illinois, that owns coin-operated laundries and cleaning business.

Gold Coast Partners sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 18-09765) on April 3,
2018.

In the petition signed by Tracey L. Brooks, member, the Debtor was
estimated to have assets of less than $50,000 and liabilities of $1
million to $10 million.  

Judge Timothy A. Barnes is the presiding judge.

The Debtor is represented by Joel A. Schechter, Esq., in Chicago,
Illinois.


HERITAGE HOTEL: Plan to be Funded by Property Sale Proceeds
-----------------------------------------------------------
Heritage Hotel Associates LLC filed with the U.S. Bankruptcy Court
for the Middle District of Florida, Tampa Division, a Disclosure
Statement in connection with its Plan of Liquidation.

The Debtor was formed in March 2008 for the purpose of acquiring
the real property that it still owns today. The Debtor is a
manager-managed Florida limited liability company. The Debtor
acquired a Hotel Property and Retail Parcel in June 2008, and
immediately entered into a franchise agreement with Holiday
Hospitality Franchising, Inc. to operate the hotel under the Hotel
Indigo brand. Thereafter, the Debtor renovated the Hotel Property.


In April 2019, after a lengthy marketing period, the Debtor entered
into a Purchase Agreement with CedarWood Asset Management, LLC, for
the sale of the Hotel Property. In August 2019, the Purchase
Contract was assigned to E2 Capital LLC, an affiliate of Cedarwood.
The Purchase Contract on the Hotel Property is scheduled to close
on or before January 15, 2020. Neither CedarWood nor E2 Capital
have any connection to the Debtor. The Purchase Contract is an
arm's length agreement to sell the Hotel
Property for a purchase price of $10,550,000. The Debtor has filed
a motion with the
Bankruptcy Court requesting approval of the sale.

The Disclosure Statement reveals that Class 1 to 6 under the Plan
are secured claims of various creditors of the Debtor.  Class 7 are
unsecured claims against the Debtor, which is currently scheduled
at $951,659.  Class 8 are all Equity Interest Holders of the
Debtor.

Payments and distributions under the Plan will be funded with the
proceeds from the sale of the Hotel Property and the Retail Parcel.


A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/swj4mlo from PacerMonitor.com at no charge.

         About Heritage Hotel Associates

Heritage Hotel Associates, LLC, is a single asset real estate
debtor (as defined in 11 U.S.C. Section 101(51B)). Heritage Hotel
Associates sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla., Case No. 19-09946) on Oct. 21, 2019. At the
time of the filing, the Debtor was estimated to have assets of
between $10 million and $50 million, and liabilities of between $1
million and $10 million.  Michael C. Markham, Esq. of Johnson,
Pope, Bokor, Ruppel & Burns LLP represent the Debtor.


HIGH RIDGE: Moody's Affirms C CFR, Outlook Stable
-------------------------------------------------
Moody's Investors Service affirmed High Ridge Brands' probability
of default rating at D-PD and its Corporate Family Rating at C. The
ratings were affirmed following High Ridge's filing for Chapter 11
bankruptcy. The rating outlook is stable.

The following rating actions were taken:

Ratings affirmed:

High Ridge Brands Co.

Probability of Default Rating at D-PD

Corporate Family Rating at C

$250 million unsecured notes due in 2025 at C (LGD6)

RATINGS RATIONALE

The affirmation of the PDR and CFR reflect the company's bankruptcy
filing.

Subsequent to the actions, Moody's will withdraw the ratings of
High Ridge because of its bankruptcy filing.

The principal methodology used in these ratings was Global Packaged
Goods published in January 2017.

Headquartered in Stamford, CT, High Ridge Brands Co. is engaged in
the marketing, sales and distribution of personal care products in
the hair care, skin cleansing and oral care categories. The company
is owned by private equity firm Clayton, Dubilier & Rice and
generates annual revenues of about $287 million.


INTERIM HEALTHCARE: Franchisor Wants Trustee to Take Over
---------------------------------------------------------
Interim Healthcare, Inc., the franchisor of the Interim Healthcare
and Hospice franchise system, wants the Bankruptcy Court to order a
Chapter 11 trustee to replace Interim Healthcare of Southeast
Louisiana Inc.'s current managers.

The Debtor is a home health care services provider based in
Covington, La.  Under the ramshackle direction of the Debtor's
current manager, Julia Burden, the Debtor has raised concerns
regarding its ability to maintain the high quality of care that
patients deserve, the Franchisor tells the Court.

According to the Franchisor, Burden has committed acts constituting
"gross mismanagement" of the Debtor's affairs and exhibited acts of
"incompetence," and thus "cause" exists to appoint a trustee in the
Chapter 11 case.  

"The Debtor initiated this bankruptcy as a result of the continuing
failures of the Debtor's business that are the proximate result of
Burden's misfeasance.  Burden, the Debtor's current manager, has
abandoned the Debtor's business operations; has failed to recruit
and retain critical employees to operate the company; has failed to
implement any training procedures for the Debtor's employees; and
has violated Interim's intellectual property rights, thereby
creating significant postpetition torts  that are entitled  to
administrative expense treatment," the Franchisor said in its
motion.

Interim Healthcare, Inc., is the franchisor of the Interim
Healthcare and Hospice franchise system that provides nursing,
therapy and non-medical home care, hospice and healthcare staffing
services through over 300 franchisees throughout the United States.
As a result of the Debtor's prepetition breaches of the Franchise
Agreements, Interim terminated the Franchise Agreements on August
20, 2019.  Despite the Franchise Agreements being terminated
prepetition, the Debtor has failed to comply with its
post-termination obligations under each of the Franchise Agreements
and continues to offer services under the Interim name and
proprietary business system.

Attorneys for Interim Healthcare Inc.

      Laura F. Ashley
      Madison M. Tucker
      Jones Walker LLP
      201 St. Charles Avenue, Suite 5100
      New Orleans, Louisiana 70170-5100
      Tel: 504-582-8118
      Fax: 504-589-8118
      E-mail: lashley@joneswalker.com

A full-text copy of the Chapter 11 Trustee Motion is available at
https://tinyurl.com/sgjgle4 from PacerMonitor.com at no charge.

         About Interim Healthcare of Southeast Louisiana

Interim Healthcare of Southeast Louisiana, Inc., is a home health
care services provider based in Covington, La.  The company
provides home care and health care staffing services to patients
due to intermittent health  conditions, permanent disabilities, and
the impact of aging among other  things.

Interim Healthcare of Southeast Louisiana filed a voluntary Chapter
11 petition (Bankr. Case No. 19-13127) on Nov. 19, 2019.  In the
petition signed by Julia Burden, president and CEO, the Debtor was
estimated to have $1 million to $10 million in both assets and
liabilities.  Joseph Patrick Briggett, Esq., at Lugenbuhl, Wheaton,
Peck, Rankin & Hubbard, is the Debtor's legal counsel.  





K & B TRUCKING: Plan Outline Conditionally OK'd, Jan. 9 Hearing Set
-------------------------------------------------------------------
Judge Suzanne H. Bauknight conditionally approved the Disclosure
Statement explaining the Plan of Reorganization of K & B Trucking
Inc, and scheduled a Combined Final Hearing for January 9, 2020, at
10:00 a.m.

January 2, 2020, is fixed as the last day for filing and serving
written objections to the Disclosure Statement.

January 2 is also fixed as the last day for filing written
acceptances or rejections of the Plan of Reorganization.

A full-text copy of the Order is available at
https://tinyurl.com/vaca25g from PacerMonitor.com at no charge.

           About K & B Trucking

K & B Trucking, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tenn., Case No. 19-32453) on August 2,
2019. At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $1 million. The case
is assigned to Judge Suzanne H. Bauknight.  Brenda G. Brooks, Esq.
at Moore and Brooks represents the Debtor.


MARRONE BIO: Incurs $16.4 Million Net Loss in Third Quarter
-----------------------------------------------------------
Marrone Bio Innovations, Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q reporting a
net loss of $16.37 million on $6.97 million of total revenues for
the three months ended Sept. 30, 2019, compared to a net loss of
$4.48 million on $5.42 million of total revenues for the same
period in 2018.

For the nine months ended Sept. 30, 2019, the Company reported a
net loss of $27.03 million on $22.68 million of total revenues
compared to a net loss of $14.61 million on $15.50 million of total
revenues for the nine months ended Sept. 30, 2018.

As of Sept. 30, 2019, the Company had $78.32 million in total
assets, $53.76 million in total liabilities, and $24.56 million in
total stockholders' equity.

As of Sept. 30, 2019, the Company had an accumulated deficit of
$310,508,000, has incurred significant losses since inception and
expects to continue to incur losses for the foreseeable future. The
Company had funded operations primarily with net proceeds from
public sales and private placements of equity and debt securities
and from term loans, as well as with the proceeds from the sale of
its products and payments under strategic collaboration and
distribution agreements and government grants. The Company will
need to generate significant revenue growth to achieve and maintain
profitability.  As of Sept. 30, 2019, the Company had working
capital of $1,200,000, including cash and cash equivalents of
$7,899,000.  In addition, as of Sept. 30, 2019, the Company had
debt and debt due to related parties of $18,309,000 and $7,300,000,
respectively, for which the underlying debt agreements contain
various financial and non-financial covenants, as well as certain
material adverse change clauses.  As of Sept. 30, 2019, the Company
had a total of $1,560,000 of restricted cash relating to these debt
agreements.

The Company said its operating results, including historical prior
periods of negative working capital, indicate that substantial
doubt exists related to the Company's ability to continue as a
going concern for the next 12 months from the date of issuance of
these condensed consolidated financial statements.  However, the
Company believes that its existing cash and cash equivalents of
$3,701,000 at Nov. 15, 2019 together with expected revenues,
expected future debt or equity financings, including its ability to
call outstanding warrants, and cost management as well as cost
reductions will be sufficient to fund operations as currently
planned through one year from the date of the issuance of these
condensed consolidated financial statements.

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

                      https://is.gd/FMmByD

                  About Marrone Bio Innovations

Based in Davis, California, Marrone Bio Innovations, Inc. --
http://www.marronebio.com/-- discovers, develops and sells
innovative biological products for crop protection, plant health
and waterway systems treatment.  MBI has screened over 18,000
microorganisms and 350 plant extracts, leveraging its in-depth
knowledge of plant and soil microbiomes enhanced by advanced
molecular technologies to rapidly develop seven effective and
environmentally responsible pest management products to help
customers operate more sustainably while uniquely improving plant
health and increasing crop yields.  Supported by a robust portfolio
of over 400 issued and pending patents around its natural product
chemistry, MBI's currently available commercial products are
Regalia, Grandevo, Venerate, Majestene, Haven Stargus and
Amplitude, Zelto and Zequanox.

Marrone Bio inccured a net loss of $20.21 million for the year
ended Dec. 31, 2018, compared to a net loss of $30.92 million for
the year ended Dec. 31, 2017.  As of June 30, 2019, the Company had
$47.34 million in total assets, $43.85 million in total
liabilities, and $3.49 million in total stockholders' equity.

Marcum LLP, in San Francisco, CA, the Company's auditor since 2018,
issued a "going concern" qualification in its report dated March
28, 2019, on the Company's consolidated financial statements for
the year ended Dec. 31, 2018, citing that the Company has incurred
significant losses and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


MDM HOLDINGS: Unsecureds to Get $500 Per Month Until Paid in Full
-----------------------------------------------------------------
MDM Holdings, Inc., filed a Plan of Reorganization that
contemplates that the Debtor's normal cash flow shall be the sole
source of funds for the payments to creditors authorized by the
U.S. Bankruptcy Court's confirmation of the Plan.

Secured claim of Strategic Funding Sources, Inc., in the amount of
$32,823.56 in Class 1, and the secured claim of Synovus in the
amount of $35,057.48 in Class 2 will be paid in full its approved
claim amount over the course of a 60-month term with a standard
amortization schedule.  Interest on the claims will accrue at the
rate of 1.00%.

The secured claim of Sterns Bank totaling $67,189.72 in Class 3
will be paid in full its approved claim amount over the course of a
120-month term with a standard amortization schedule. Interest on
this claim will accrue at the rate of 1.00%.

General unsecured claims totaling $100,955.33 in Class 6 will
receive a pro-rata share of monthly payment of $500 until all
allowed claims in the class are paid in full.

Equity security holders will retain their shares in Debtor.

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

Attorneys for the Debtor:

     SPARKMAN, SHEPARD & MORRIS, P.C.
     P. O. Box 19045
     Huntsville, AL 35804
     Tel: (256) 512-9924
     Fax: (256) 512-9837

                      About MDM Holdings

MDM Holdings, Inc., sought Chapter 11 protection (Bankr. N.D. Ala.
Case No. 19-82531) on Aug. 22, 2019, estimating less than $1
million in both assets and liabilities.  SPARKMAN, SHEPARD &
MORRIS, P.C., is the Debtor's counsel.



MEDIMPACT HEALTHCARE: Fitch Withdraws BB- IDR Over Lacking Info
---------------------------------------------------------------
Fitch Ratings withdrawn MedImpact Healthcare Systems, Inc.'s and MI
OpCo Holdings. Inc.'s 'BB-' Long-Term Issuer Default Ratings. In
addition, Fitch has withdrawn the 'BB+'/'RR1' ratings on MI OpCo
Holding's senior secured loans.

The ratings were withdrawn due to insufficient information
provided.

KEY RATING DRIVERS

Fitch has withdrawn the ratings as the issuer has chosen to stop
participating in the rating process. Therefore, Fitch will no
longer have sufficient information to maintain the ratings.
Accordingly, Fitch will no longer provide ratings or analytical
coverage for MedImpact Healthcare Systems, Inc. and MI OpCo
Holdings. Inc.

RATING SENSITIVITIES

There are no Rating Sensitivities as the ratings have been
withdrawn.


MICROCHIP TECHNOLOGY: Fitch Affirms BB+ LT IDR, Outlook Negative
----------------------------------------------------------------
Fitch Ratings affirmed the ratings for Microchip Technology Inc.,
including the 'BB+' Long-Term Issuer Default Rating and
'BBB-'/'RR1' senior secured ratings. The Rating Outlook remains
Negative. Fitch's actions affect $11.1 billion of total debt,
including $2.9 billion outstanding under the revolving credit
facility as of Sept. 30, 2019.

Microchip's ratings and Outlook reflect its still elevated leverage
metrics from the May 29, 2018 acquisition of Microsemi Corp. They
also reflect Fitch's concerns that global trade tensions, which may
ease following a truce reached by the U.S. and China, could
continue dampening semiconductor growth and constraining
Microchip's capacity for near-term debt reduction. Fitch forecasts
total debt to operating EBITDA above the agency's 3.5x negative
rating sensitivity through calendar year 2020, but expects
Microchip will continue using substantially all its FCF for debt
repayment.

KEY RATING DRIVERS

Deleveraging Behind Plan: Deleveraging is behind plan due to lower
than previously expected revenue and profitability from uncertainty
caused by U.S.-China trade tensions. Fitch forecasts it will take
roughly three years for Microchip to return total debt to operating
EBITDA to below Fitch's 3.5x negative sensitivity, rather than the
two years Fitch originally expected. Nonetheless, Microchip has
committed to using substantially all of its FCF for debt reduction
until the company achieves investment grade (IG) credit metrics and
will have repaid roughly $2.3 billion by the end of fiscal 2020.

Poised to Outgrow Markets: Fitch expects Microchip will outgrow the
broader semiconductor markets over the longer term due to its
product breadth set, which enables increased penetration with
custom integrated solutions with longer-product life cycles. In
addition, Microchip is focused on a broad set of faster growing
markets that should outperform the broader semiconductor market.
Over the nearer term, Fitch believes Microchip is poised to resume
growth from lean channel inventory.

Meaningful Revenue Diversification: Despite still cyclical end
markets, Microchip's meaningful end market, product and customer
diversification should drive comparatively even operating results.
The acquisition of Microsemi increased communications and data
center (DC), computing, and aerospace and defense end market
exposure, but also added to Microchip's already significant
industrial end market sales. The deal also strengthened Microchip's
solutions systems capabilities with high voltage power management,
high-reliability discretes, storage and field programmable gate
array products while reducing customer concentration.

Credible Profit Expansion Roadmap: Fitch believes Microchip's
target end markets and proprietary embedded solutions drive longer
product life cycles and greater demand visibility. This leverages
Microchip's in-house manufacturing, assembly and test strategy and
drives strong profit and cash flow margins. Microchip's realization
of $300 million of Microsemi acquisition-related synergies from the
elimination of redundancies, integration of historical Microsemi
deals and the internalization of Microsemi's outsourced production
will drive higher operating leverage and, therefore, profit margin
expansion from current levels.

Reduced Acquisition Activity: Fitch expects reduced acquisition
activity from Microchip, as well as for the broader semiconductor
industry more broadly, given intensifying scrutiny of deals by both
U.S. and Chinese regulators. While deals have picked up in 2019,
transactions are generally smaller in size than the blockbuster
deals in recent years and largely funded with cash flow. Meanwhile,
Microchip has committed to focusing on integrating Microsemi, debt
reduction and organic growth opportunities rather than incremental
deals, which should result in more stable credit protection
measures once the company achieves credit protection measures
targets.

The senior secured RCF, term loan and bonds are secured by
substantially all assets of Microchip and its subsidiaries. As a
result, Fitch notches up the secured debt by one notch to
'BBB-'/'RR1' representing Fitch's expectation for superior recovery
for the first-lien debt.

DERIVATION SUMMARY

Fitch believes Microchip is strongly positioned for the rating,
given its leading share in a diversified set of secular growth
markets, products and customer enabling customized solutions with
long product life cycle. As a result, Fitch expects top line growth
exceeding the broader market and profitability more in-line with
the 'BBB'-category over time. A number of competitors are more
highly rated, including Samsung (AA-), Texas Instruments (A+) and
NXP (BBB-), due largely to a combination of greater FCF scale and
more conservative financial policies, including a greater focus on
organic growth, although strained trade relations between the U.S.
and China should limit meaningful further industry consolidation.
Growing annual FCF and the resumption of top line growth should
enable Microchip to improve credit protection measures over the
near to intermediate term.

KEY ASSUMPTIONS

  -- Revenue levels trough in the current (December 2019) quarter
from weakness in automotive, industrial and consumer.

  -- March 31, 2020 quarter revenue modestly up sequentially before
beginning a low- to mid-single digit recovery in fiscal 2020,
supported by lean inventory in the channel.

  -- Gross profit margins in the low-60s% through the forecast
period, driven by the internalization of Microsemi's back-end
packaging increasing operating leverage.

  -- Opex at roughly 22.5% of revenue through the forecast period
with largely fixed R&D moderated by SG&A growing in-line with
revenue.

  -- Use of substantially all of FCF for debt reduction with only
modest dividend growth until leverage metrics return to below
Fitch's 3.5x negative rating sensitivity.

RATING SENSITIVITIES

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

  -- Fitch could stabilize the ratings when Fitch expects total
debt to operating EBITDA at or below 3.5x within the near term.

  -- Microchip's top line growth exceeds that of underlying
markets, supporting the case for share gains and, therefore faster
profitability and cash flow growth from operating leverage.

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

  -- Microchip's use of FCF for purposes other than debt such that
Fitch does not expect total debt to operating EBITDA of at or below
5x exiting fiscal 2020 and 4x exiting fiscal 2021 or total debt to
FCF approaching mid-single digits.

  -- Microchip's top line growth rate lags that of its core growth
end markets resulting in slower than anticipated profitability and
cash flow growth from operating leverage.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: As of Sept. 30, 2019, Fitch believes
Microchip's liquidity was adequate and supported by $405.1 million
of cash, cash equivalents and short-term investments and
approximately $688.5 million of remaining availability under the
company's $3.57 billion RCF. Fitch anticipates cash will remain
near current levels but that rapid repayment of the RCF will
bolster liquidity through the forecast period. Fitch's expectation
for roughly $1.5 billion of annual FCF also supports liquidity,
although Fitch expects Microchip will use its FCF for debt
reduction until the company returns total debt to operating EBITDA
to below 3.5x.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of 3. ESG issues are credit neutral
or have only a minimal credit impact on the entity, either due to
their nature or the way in which they are being managed by the
entity.


MJW FILMS: Court Approves Ulrich as Chapter 11 Trustee
------------------------------------------------------
In the Chaptre 11 cases of MJW Films, LLC, and J. Wick Productions,
LLC, based upon the Court's "Sua Sponte Reconsideration of the Oral
Ruling Converting the Case", entered on Nov. 12, 2019, and pursuant
to Rule 2007.1(b) of the Federal Rules of Bankruptcy Procedure, the
United States Trustee has selected Dale D. Ulrich for appointment
as a Chapter 11 trustee of MJW Films, LLC.

Judge Scott H. Gan ordered that the selection of Dale D. Ulrich as
Chapter 11 trustee in this case shall be, and hereby approved.

The Chapter 11 Trustee can be reached at:

      Dale D. Ulrich
      1934 E. Camelback Road, Suite 120-615
      Phoenix, AZ 85016
      Tel: 602-264-4124
      E-mail: dulrichaz@yahoo.com

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

                      About MJW Films LLC

MJW Films, LLC, and J Wick Productions, LLC, are movie production
companies based in Gilbert, Arizona. MJW Films and J Wick filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 18-12874) on Oct. 22, 2018.  In the
petitions signed by John Glassgow, designated representative, the
Debtors estimated $1 million to $10 million in both assets and
liabilities.  

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Nov. 16, 2018.  The committee is
represented by May, Potenza, Baran & Gillespie PC.

On July 3, 2019, the Debtor's prior bankruptcy counsel -- Patrick
A. Clisham, Esq., at Engelman Berger, P.C., -- was disqualified.
Accordingly, the Debtor hired Sacks Tierney P.A., as its new
bankruptcy counsel.
 



MOUNTAIN INVESTMENTS: Unsec. Creditors to Get 3.9% in Month 60
--------------------------------------------------------------
Mountain Investments, LLC, filed a reorganization plan that says
that general unsecured creditors will receive a distribution of
approximately 3.9% of their allowed claims, to be distributed as
follows: $38,640 in month 60.

The Plan treats claims as follows:

   * Class 1 - Secured claim of U.S. Bank Trust N.A. IMPAIRED. The
claim will amounting to $150,983.34 will be paid with monthly
payments of $419.40 beginning Dec. 1, 2019 and ending Nov. 1,
2049.

   * Classes 2, 3 and 4 - Secured claims of Bank of America N.A.
IMPAIRED. Claim amounts of $188,152.23, $164,096.53 and $185,107.06
will be paid with monthly payments of each class of $238.71
beginning Dec. 1, 2019, and ending Nov. 1, 2049.

   * Class 4 - Secured claim of Bank of America N.A.  The claim
amount of $185,107.06 will receive monthly payments of $238.71
beginning Dec. 1, 2019, and ending Nov. 1, 2049.

   * Class 5 - Secured claim of Specialized Loan Servicing, LLC.
The claim amount of $243,247.70 will receive monthly payments of
$675.69 for 360 months beginning Dec. 1, 2019 and ending Nov. 1,
2049.

   * Class 6 - Secured claim of U.S. Bank Trust N.A.  The claim of
$96,285 will be paid $240.00 for 36 months, then $270.51 for 324
months beginning Dec. 1, 2019, and ending Nov. 1, 2049.

   * Class 7 - Secured claim of U.S Bank N.A.  In satisfaction of
its $967,584.09 claim, the Debtor will surrender property to
creditor.

   * Class 8 - General unsecured claims.  The claimants will
receive one payment $38,640.00 on the 60th month after Effective
Date.  Estimated percent of claim paid is 3.9%.

Payments and distributions under the Plan will be funded by rental
income derived from real properties.

A full-text copy of the Fourth Disclosure Statement dated Dec. 6,
2019, is available at https://tinyurl.com/t965df9 from
PacerMonitor.com at no charge.

                    About Mountain Investments

Mountain Investments, LLC, is a limited liability company formed in
2008 by Michael and Brenda Noble.  The Nobles purchased seven
rental properties in the Gulfport area of Mississippi after
Hurricane Katrina devastated Mississippi and Louisiana in 2005.
The Nobles intended to rehabilitate the properties to provide
affordable housing for local residents.

Property values in and around Gulfport declined precipitously
beginning in 2008 and have yet to recover.  The rents generated by
the properties were insufficient to pay the amounts due for each
note secured by the properties.  The divorce settlement required
Mr. Noble to transfer the properties to Mountain Investments, LLC,
and to indemnify and hold harmless Brenda Noble for any liability
on the notes secured by the properties.

In order to enjoin the pending foreclosures and reorganize, Mr.
Noble authorized Mountain Investments to seek bankruptcy
protection.

Mountain Investments, LLC, f/d/b/a WIS Holdings, LLC, f/d/b/a
Wealth Investment Solutions, LLC, sought Chapter 11 protection
(Bankr. N.D. Cal. Case No. 16-50906) on March 28, 2016.  In the
petition signed by Michael T. Noble, managing member, the Debtor
was estimated to have $1 million to $10 million in both assets and
liabilities.  The case is assigned to Judge Stephen L. Johnson.
The Debtor is represented by Ralph P. Guenther, Esq., at Dougherty
& Guenther, APC.



NATIONAL ASSISTANCE: Jan. 21 Hearing on Disclosure Statement
------------------------------------------------------------
Judge Barbara Ellis-Monro has ordered that a hearing to consider
the approval of the disclosure statement in support of National
Assistance Bureau, Inc.'s Chapter 11 Plan will be held on the Jan.
21, 2020, at 11:00 a.m.

Jan. 14, 2020 is fixed as the last day for filing and serving
written objections to the disclosure statement.

Attorneys for the Debtor:

     Theodore N. Stapleton
     THEODORE N. STAPLETON, PC
     2802 Paces Ferry Road, Suite 100-B
     Atlanta, Georgia 30339
     Tel: (770) 436-3334
     E-mail: tstaple@tstaple.com

             About National Assistance Bureau

National Assistance Bureau, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 15-69786) on
Oct. 13, 2015.  In the petition signed by William R. Hill Sr.,
president, the Debtor was estimated to have assets of $1 million to
$10 million and debt of $10 million to $50 million.  Theodore N.
Stapleton, Esq., at Theodore N. Stapleton, P.C., serves as the
Debtor's bankruptcy counsel.  Lowenstein Sandler, LLP, is the
special counsel.


NATIONAL ASSISTANCE: Sale-Based Plan May Return $0 to Unsecureds
----------------------------------------------------------------
National Assistance Bureau, Inc., filed a Chapter 11 Plan.

The Plan provides for liquidation of the Debtor's Summers Landing
Bayberry Trace assisted living facility located at 315 Arrowhead
Blvd., Jonesboro,  Georgia ("Bayberry").  

The secured lender, BOKF, N.A., d/b/a Bank of Oklahoma, as
successor indenture trustee under an Indenture of Trust, dated as
of March 1, 2000, for approximately $2,150,000 of outstanding bonds
issued by the Development  Authority of Bibb County, Georgia holds
a first priority security interest in Bayberry and will likely
receive all post-closing proceeds from the sale of  Bayberry.    

General unsecured creditors not otherwise classified are classified
in Class 2 and will receive no distribution on their allowed
claims.  Unsecured creditors owed $20,735,198 will only receive
distributions from the proceeds from the sale  of  Bayberry after
BOKF and all priority claimants have been paid in full.

Upon the Confirmation Order becoming a Final Order, the Debtor will
market and sell Bayberry for the best price available.  Upon a Sale
Event, the Debtor will pay or segregate sufficient funds to pay (i)
all reasonable and ordinary costs of sale, including broker
commissions, (ii) all outstanding property taxes not otherwise
prorated between the Debtor and the purchaser at closing, (iii) the
Class 1 Claim of BOKF, (iv) any unpaid professional fee claims,
including post-confirmation professional fee claims, (v) the
balance owed the holders of priority tax claims, and (vi) the Class
2 Distribution.

A full-text copy of the Disclosure Statement dated Dec. 2, 2019, is
available at https://tinyurl.com/uovekdz from PacerMonitor.com at
no charge.

Attorneys for Senior NH, LLC:

     Theodore N. Stapleton
     2802 Paces Ferry Road, Suite 100-B
     Atlanta, Georgia, 30339
     Telephone: (770) 436-3334
     tstaple@tstaple.com

                About National Assistance Bureau

National Assistance Bureau, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 15-69786) on
Oct. 13, 2015.  In the petition signed by William R. Hill Sr.,
president, the Debtor was estimated to have assets of $1 million to
$10 million and debt of $10 million to $50 million.  Theodore N.
Stapleton, Esq., at Theodore N. Stapleton, P.C., serves as the
Debtor's bankruptcy counsel.  Lowenstein Sandler, LLP, is the
special counsel.


NN INC: Moody's Assigns B3 Rating on $260MM Sr. Sec. Term Loan
--------------------------------------------------------------
Moody's Investors Service assigned at B3 rating to NN, Inc.'s new
amended and extended $260 million senior secured term loan;
assigned a B3 rating to the new amended and extended $75 million
revolving credit facility; affirmed the Corporate Family Rating at
B3; affirmed the Probability of Default Rating at Caa1-PD; and
affirmed the rating on the existing senior secured debt at B3. The
Speculative Grade Liquidity Rating was upgraded to SGL-3 from
SGL-4. The outlook is stable.

Ratings assigned:

B3 (LGD3), to the new amended/extended $75 million senior secured
revolving credit facility due 2022;

B3 (LGD3), to the new amended/extended $260 million senior secured
term loan due 2022.

Ratings upgraded:

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

Ratings affirmed:

Corporate Family Rating, at B3;

Probability of Default Rating, at Caa1-PD;

$528 million (remaining amount) first lien senior secured term loan
due 2022, at B3 (LGD3);

B3 (LGD3), $10 million (remaining amount) first lien senior secured
term loan due 2021

(this rating will be withdrawn upon repayment.

Ratings withdrawn:

B3 (LGD3), for the $110 million first lien senior secured revolver
due 2020.

Outlook: revised to Stable from Negative

RATINGS RATIONALE

The revision of NN's outlook to stable from negative incorporates
Moody's expectation that NN's gradual pace of debt/EBITDA leverage
reduction will continue over the next several quarters supported by
the debt paydown from a portion of the proceeds of the recent
perpetual preferred equity issuance. Pro forma for this paydown,
Moody's estimates that NN's debt/EBITDA as of September 30, 2019
improved to about 7.4x from 8.1x (inclusive of Moody's
adjustments). Moody's expects the perpetual preferred equity
dividends will PIK as management executes previously announced
near-term strategic initiatives. In addition, the completion of the
amended and extended credit facilities improves NN's liquidity
profile by increasing revolving credit availability and extending
maturities to 2022. The improved liquidity profile and reduced
leverage should support management's initiatives, which include
cost reduction actions and potential asset sales to help reduce
debt. Over the next year, NN's LTM EBITA margins should improve to
above 10% (inclusive of Moody's adjustments) while Debt/EBITDA
leverage gradually declines to below 7x.

The affirmation of NN's ratings continues to reflect the company's
exposures to sectors for which Moody's has a positive Industry
Sector Outlook (medical devices and aerospace & defense, about 42%
of NN's revenues). The company's medical devices segment also
drives a higher proportion of total segment profits. While NN's
general industries and electrical businesses (the power solutions
segment) operate in industries where Moody's has a Negative
Industry Sector Outlook, growth trends in these segment should
remain nominally positive over the intermediate-term. NN's
competitive profile also benefits from long-standing customer
relationships and a strong mix of highly engineered products which
create meaningful market entry barriers. Yet, Moody's forecasts
declining global automotive demand to continue into 2020 which will
likely result in weakening revenue trends for the company's mobile
solutions segment (about 28% of revenues). A partial mitigant to
this trend in automotive demand is the company's product focus on
fuel efficient technologies which are experiencing increasing
vehicle content.

The stable rating outlook reflects its expectation that NN's credit
metrics will gradually improve with run-rate integration and cost
saving actions and positive free cash flow generation on an LTM
basis by mid-2020.

The SGL-3 Speculative Grade Liquidity Rating reflects the
expectation of an adequate liquidity profile for the next 12-15
months, supported by modest cash, availability under the new $75
million revolving credit facility, and expected positive free cash
flow generation on LTM basis by mid-2020. Cash on hand was $24.4
million, as of September 30, 2019. Pro forma for the preferred
equity transaction, cash balances improve by about $8 million; and
the new revolving credit facility, which matures in July 2022, is
anticipated to be unfunded with about $12 million of outstanding
letters of credit. Moody's continues to anticipate free cash flow
on an LTM basis over the next 12-15 months in the $40 million range
as cost savings take effect and costs related to the recent
acquisitions reduce. Yet, this amount is unlikely to be achieved
until mid 2020. The financial covenant under the new revolving
credit facility remains a maximum net leverage ratio. While the
financial maintenance covenant test levels tighten under the new
revolving credit facility, covenant cushion is expected to be
adequate over the next 12-15 months, as a result of the debt
paydown from the preferred equity proceeds. The term loan
facilities do not have financial maintenance covenants.

The Probability of Default Rating of Caa1-PD, is one notch below
the CFR. This rating reflects both the single class of debt and the
control the lender group has in calling a default because of the
effective covenants, a leverage measure in particular.

The ratings could be upgraded after achieving debt/EBITDA below
6.0x and EBITA/interest expense, inclusive of restructuring
charges, above 2x supported by positive industry growth trends and
positive free cash flow generation. Other considerations include
balanced shareholder return policies along with a more moderate
pace of acquisition growth.

The ratings could be downgraded with the expectation that positive
free cash flow generation will not be achieved or sustained over
the coming quarters; the inability to continue to implement cost
savings actions and reduce costs related to integration activities
resulting in the weakening of credit metrics; further weakening in
the company's major end-markets; or a weakening liquidity profile.
A Consideration for a lower rating could result from the
expectation of debt/EBITDA remaining above 7x for a prolonged
period, or inability to remove the going concern qualification.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

NN, headquartered in Charlotte, NC, is a diversified industrial
company that combines advanced engineering and production
capabilities with in-depth materials science expertise to design
and manufacture high-precision components and assemblies for a
variety of markets on a global basis. Revenues for the LTM period
ending September 30, 2019 were $848 million.


OAK LAWN: Moody's Cuts GOULT Debt Rating to Ba1, Outlook Stable
---------------------------------------------------------------
Moody's Investors Service downgraded to Ba1 from Baa3 the rating on
the Village of Oak Lawn, IL's general obligation unlimited tax
debt. The outlook has been revised to stable from negative. The
rating applies to $70 million in GOULT debt.

RATINGS RATIONALE

The downgrade to Ba1 reflects credit risk stemming from public
safety pension contributions that are materially below state
mandated levels that leave the Village susceptible to diversion of
state shared revenue coupled with a weak cash position across its
major operating funds. Oak Lawn has strong revenue raising
flexibility and a solid economic base with proximity to Chicago
(Ba1 stable) to draw from to address it's growing pension burden
and rising fixed costs. The Village has made revenue adjustment
that have accommodated substantial increases in contributions, but
significant further budget adjustments will be needed to come into
compliance with state minimum funding.

RATING OUTLOOK

The stable outlook reflects an expectation that fund balance and
liquidity will remain weak but stable over the next two years given
recent revenue increases and an absence of any current intentions
for the public safety pension boards to request diversion of state
share revenue.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Reduced liquidity risk supported by significant and sustained
improvement in fund balance and liquidity and / or contributions to
public safety plans consistent with state law

  - A moderated pension and fixed cost burden

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Further narrowing of fund balance and liquidity

  - Diversion of state revenue to pension fund that creates
additional operating pressures

  - Significant growth in the debt or pension burden

LEGAL SECURITY

Oak Lawn's outstanding rated debt is secured by it's GO unlimited
tax pledge in which the full faith, credit and resources of the
government are pledged, and will be payable from a dedicated ad
valorem tax, which may be levied without limitation as to rate or
amount.

PROFILE

The Village of Oak Lawn is an inner ring Chicago suburb located
approximately twenty miles southwest of downtown with an estimated
population of just over 56,000.

METHODOLOGY

The principal methodology used in these ratings was US Local
Government General Obligation Debt published in September 2019.



ORCHIDS PAPER: Debtor Further Fine-Tunes Chapter 11 Plan
--------------------------------------------------------
OPP Liquidating Company, Inc., formerly known as Orchids Paper
Products Company, et al., filed a Third Amended Combined Plan and
Disclosure Statement that provides for minor changes to the prior
iteration of the Plan and Disclosure Statement.

Under the Plan, holders of first lien claims totaling $205,384,646,
and priority claims totaling $2,940,036 will recover 100%.  Holders
of general unsecured claims totaling $37,058,310 will recover 1% to
2%.

At an auction in June, Cascades emerged as the winning bidder, with
a final bid of $207 million cash plus certain additional cash
payments as set forth  in the Asset Purchase Agreement.  On Sept.
13, 2019, the closing of the sale occurred.

A black-lined copy of the Third Amended Combined Disclosure
Statement and Chapter 11 Plan of Liquidation dated Dec. 6, 2019, is
available at https://tinyurl.com/ugvxdgc from PacerMonitor.com at
no charge.

Counsel to the Debtors:

     Christopher A. Ward
     Shanti M. Katona
     Brenna A. Dolphin
     222 Delaware Avenue, Suite 1101
     Wilmington, Delaware 19801
     Telephone: (302) 252-0920
     Facsimile: (302) 252-0921
     E-mail: cward@polsinelli.com
             skatona@polsinelli.com
             bdolphin@polsinelli.com

             - and -

     Jerry L. Switzer, Jr.
     150 North Riverside Plaza
     Chicago, Illinois 60606
     Telephone: (312) 873-3626
     Facsimile: (312) 810-1810
     E-mail: jswitzer@polsinelli.com

                 About Orchids Paper Company

Headquartered in Pryor, Oklahoma, Orchids Paper Products Company
--
http://www.orchidspaper.com/-- is a national supplier of consumer
tissue products primarily serving the at home private label
consumer market.  The Company produces a full line of tissue
products, including paper towels, bathroom tissue and paper
napkins, to serve the value through ultra-premium quality market
segments from its operations in northeast Oklahoma, Barnwell, South
Carolina and Mexicali, Mexico.  The Company provides these
products
primarily to retail chains throughout the United States.

As of Feb. 28, 2019, the Debtors posted total assets $322,061,000
and total debt of $260,864,000.

Orchids Paper Products Company and two of its subsidiaries filed
for bankruptcy protection (Bankr. D. Del. Lead Case No. 19-10729)
on April 1, 2019.  The petitions were signed by Richard S.
Infantino, interim chief strategy officer.

Hon. Mary F. Walrath oversees the cases.

The Debtors tapped Polsinelli PC as counsel; Deloitte Transactions
And Business Analytics LLP as chief strategy officer; Houlihan
Lokey Capital, Inc., as investment banker; and Prime Clerk LLC as
claims and notice agent.

Andrew Vara, acting U.S. trustee for Region 3, on April 15, 2019,
appointed five creditors to serve on the official committee of
unsecured creditors in the Chapter 11 cases.  The Committee
retained Lowenstein Sandler LLP, as counsel; and CKR Law LLP as its
Delaware counsel.


OUTLOOK THERAPEUTICS: Amends Warrants & Restructures Senior Notes
-----------------------------------------------------------------
Outlook Therapeutics, Inc., has taken action to improve the
Company's balance sheet through two separate transactions.

Effective Dec. 23, 2019, with consent of the required holders of
the Outlook Therapeutics warrants issued in April 2019 in an
underwritten public offering, the Company amended the Warrants to
reduce the exercise price to $0.232 per warrant and allow for the
immediate exercise of the Warrants.  In addition, the expiration
date of the Warrants has been changed to 5:00 pm EST on Dec. 24,
2019.  All Warrants not exercised by the new termination date will
be automatically settled on a cashless exercise basis immediately
prior thereto.  The transaction was done to eliminate the Warrants
as they included anti-dilution protection, which negatively
impacted the ability of Outlook Therapeutics to raise additional
funds.  H.C. Wainwright & Co. acted as the exclusive financial
advisor for this transaction.

Separately, effective Dec. 20, 2019, the Company issued
approximately $7.6 million principal amount of new senior secured
notes in exchange for approximately $7.3 million principal amount
and accrued interest on its outstanding senior secured notes that
were due on Dec. 22, 2019 and originally issued in December 2016.
The New Notes bear interest at a rate of 12% per annum, have a
maturity date of Dec. 31, 2020, with the ability to extend at the
Company's option to June 30, 2021 for an additional fee equal to 3%
of the outstanding balance, and are convertible into shares of the
Company's common stock beginning April 1, 2020.

The senior secured note exchange was exempt from the registration
requirements of the Securities Act of 1933, as amended, pursuant to
Section 3(a)(9) thereof.

                    About Outlook Therapeutics

Outlook Therapeutics, Inc., formerly known as Oncobiologics, Inc.
-- http://www.outlooktherapeutics.com/-- is a late clinical-stage
biopharmaceutical company working to develop the first FDA-approved
ophthalmic formulation of bevacizumab for use in retinal
indications, including wet AMD, DME and BRVO.  If ONS-5010, its
investigational ophthalmic formulation of bevacizumab, is approved,
Outlook Therapeutics expects to commercialize it as the first and
only on-label approved ophthalmic formulation of bevacizumab for
use in treating retinal diseases in the United States, Europe,
Japan and other markets.

Outlook Therapeutics reported a net loss attributable to common
stockholders of $36.04 million for the year ended Sept. 30, 2019,
compared to a net loss attributable to common stockholders of
$48.02 million for the year ended Sept. 30, 2018.  As of Sept. 30,
2019, the Company had $17.13 million in total assets, $27.90
million in total liabilities, $5.36 million in total convertible
preferred stock, and a total stockholders' deficit of $16.13
million.

KPMG LLP, in Philadelphia, Pennsylvania, the Company's auditor
since 2015, issued a "going concern" qualification in its report
dated Dec. 19, 2019, on the consolidated financial statements for
the year ended Sept. 30, 2019, citing that the Company has incurred
recurring losses and negative cash flows from operations and has a
stockholders' deficit of $16.1 million, $6.7 million of convertible
senior secured notes that become due on Dec. 22, 2019, $3.6 million
of unsecured indebtedness due on demand and $1.0 million of
unsecured indebtedness also due on demand, but subject to a
forbearance agreement through March 2020, that raise substantial
doubt about its ability to continue as a going concern.


P&D INVESTMENTS: Court Orders Appointment of Trustee
----------------------------------------------------
On Dec. 4, 2019 at 9:30 a.m. upon the Motion to Appoint an
Independent Trustee of P&D Investments, LLC.  Having reviewed the
Motion and the record, heard the argument of counsel, and for the
reasons stated on the record, Judge Scott M. Grossman ordered that
the Motion is granted and the United States Trustee is directed to
appoint a Chapter 11 Trustee immediately.

American Investment Properties, Inc., sought an Independent
Trustee, pursuant to 11 U.S.C. Sec. 1104 and Federal Rule of
Bankruptcy 2007.1, requesting that  the Court appoint an
independent trustee to replace the Debtors to protect  the
interests of the creditors, the equity security holders, and the
estate.

"In this case, the Debtors have varying and serious conflicts of
interests, cannot be trusted act as fiduciaries, and have thus far
plainly and pointedly exhibited incompetence and mismanagement as
relates to the bankruptcy estates’ largest assets, significant
real property on Great Whale Cay Island in the Berry Islands of the
Bahamas (the "Great Whale Cay Property")).  As this Court suggested
at the hearing on the Debtors' Emergency Motion for Sanctions
Against American Investment Properties, Inc. for Violating the
Automatic Stay, an independent trustee with experience in selling
large pieces of property and capable of fulfilling its fiduciary
duties would dramatically increase the  likelihood of a successful
reorganization," AIP said in its Motion.

A full-text copy of the order is available at
https://tinyurl.com/v8me5u8 from PacerMonitor.com at no
charge.  

                      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. Lead Case No. 19-18740)
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.  The cases have
been assigned to Judge Scott M. Grossman.  The Debtors tapped
Patrick S. Scott, Esq., at GrayRobinson, P.A., as their legal
counsel.


P&D INVESTMENTS: Michael Bakst Named Chapter 11 Trustee
-------------------------------------------------------
In the Chapter 11 cases of P & D Investments, LLC, PCD Investments,
LLC, and Whale Cay Group, Limited, the United States Trustee for
Region 21 has appointed Michael R. Bakst as Chapter 11 trustee.

On Dec. 9, 2019, the U.S. Trustee consulted with
parties-in-interest regarding the appointment of the Trustee.

Mr. Bakst, in a verified statement, attests that he has no
connections with the Debtor, creditors, any other
parties-in-interest, their respective attorneys and accountants,
the United States Trustee, and persons employed in the Office of
the United States Trustee.

The Chapter 11 Trustee can be reached at:

        Michael R. Bakst
        P.O. Box 407
        West Palm Beach, FL 33402
        Tel: 561-838-4523
        E-mail: baksttrustee@gmlaw.com

A full-text copy of the U.S. Trustee's application is available at
https://tinyurl.com/stx4j24 from PacerMonitor.com at no
charge.  

                      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. Lead Case No. 19-18740)
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.  The cases have
been assigned to Judge Scott M. Grossman.  The Debtors tapped
Patrick S. Scott, Esq., at GrayRobinson, P.A., as their legal
counsel.


PANOP CAB: Case Summary & Unsecured Creditor
--------------------------------------------
Five affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                   Case No.
     ------                                   --------
     Panop Cab, Corp.                         19-47710
     1620 Caton Avenue
     Brooklyn, NY 11226

     Matreiya Trans Corp.                     19-47711
     105 East 34 Street, Suite 174
     New York, NY 10016

     222 East Corp.                           19-47713
     105 East 34 Street, Suite 174
     New York, NY 10016

     Rainee Trans, Corp.                      19-47715
     105 East 34 Street, Suite 174
     New York, NY 10016

     MLS Managment Corp                       19-47716
     105 East 34 Street, Suite 174
     New York, NY 10016

Business Description: Panop Cab and its subsidiaries are privately
                      held companies in the taxi and limousine
                      service industry.

Chapter 11 Petition Date: December 26, 2019

Court: United States Bankruptcy Court
       Eastern District of New York

Debtors' Counsel: Alla Kachan, Esq.
                  LAW OFFICES OF ALLA KACHAN, P.C.
                  3099 Coney Island Avenue
                  3rd Floor Brooklyn, NY 11235
                  Tel: (718) 513-3145
                  E-mail: alla@kachanlaw.com

Panop Cab's
Total Assets: $310,200

Panop Cab's
Total Liabilities: $1,135,000

Matreiya Trans'
Total Assets: $157,164

Matreiya Trans'
Total Liabilities: $330,000

222 East Corp.'
Total Assets: $314,700

222 East Corp.'s
Total Liabilities: $1,135,000

Rainee Trans'
Total Assets: $312,752

Rainee Trans'
Total Liabilities: $1,135,000

MLS Managment's
Total Assets: $311,692

MLS Managment's
Total Liabilities: $1,135,000

The petitions were signed by Michael L. Simon, president, Panop
Cab, Rainee Trans, MLS Managment, and 222 East Corp.  The
bankruptcy petition of Rainee Trans was signed by Karen E. Simon,
president.

Debtors Panop Cab, 222 East Corp., Rainee Trans, and MLS Managment
list Midland Loan Servicing as their sole unsecured creditor
holding a claim of $835,000.

Matreiya Trans lists Midland Loan Servicing as its sole unsecured
creditor holding a claim of $180,000.

Copies of the petitions are available from PacerMonitor for free
at:

                     https://is.gd/fjgBXh
                     https://is.gd/GjI86M
                     https://is.gd/OYmn2r
                     https://is.gd/sdDREt
                     https://is.gd/gBPfiJ


PERKINS TIMBER: To Seek Plan Confirmation on Jan. 23
----------------------------------------------------
Judge Eddward P. Ballinger Jr. has entered an amended order
conditionally approving the Disclosure Statement in support of
Perkins Timber Harvesting, LLC's Chapter 11 Plan.

The hearing to consider final approval of the Disclosure Statement
and confirmation of the Plan will be held on Jan. 23, 2020, at
10:00 a.m. at the United States Bankruptcy Court, 230 N. 1st Ave.,
Phoenix, Arizona, Courtroom 703.

Objections must be filed by Jan. 16, 2020.  Ballots are also due
Jan. 16, 2020.

The Debtor will file a ballot report, no later than three business
days prior to the Confirmation Hearing.

The Court's original conditional order set a Jan. 7 hearing to
consider confirmation of the Plan.

As reported in the Troubled Company Reporter, Perkins Timber
Harvesting, LLC, filed a Chapter 11 Plan of Reorganization
Unsecured creditors will receive a monthly pro-rate share of
payments contributed towards general unsecured claims.  After
paying secured and priority debts, the general unsecured claims
will begin receiving the remainder of the plan payment in month 44
beginning with a payment of $3,062.15.  Payments will continue
thereafter in months 45 through 72 at $4,807.00 per month.  All
undisputed general unsecured claims will be paid in full by month
96.

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

               About Perkins Timber Harvesting

Founded in 1966, Perkins Timber Harvesting --
https://www.perkinstimberharvesting.com/ -- is family business that
offers large scale mechanical timber harvesting, fire prevention
thinning, and chipping operations.  Perkins Timber is headquartered
in Williams, Arizona.

Perkins Timber Harvesting sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 19-02519) on March 8,
2019.  At the time of the filing, the Debtor disclosed $2,530,206
in assets and $2,215,954 in liabilities.  Davis Miles McGuire
Gardner, PLLC, is the Debtor's legal counsel.


PLUS THERAPEUTICS: Regains Compliance with Nasdaq Listing Rule
--------------------------------------------------------------
Plus Therapeutics, Inc. received a letter from the Listing
Qualifications staff of the Nasdaq Stock Market LLC on Dec. 19,
2019, stating that based on the Company's Form 8-K filed with the
Securities and Exchange Commission on Dec. 18, 2019, Nasdaq has
determined that the Company has regained compliance with the
minimum stockholders' equity requirement for continued listing on
the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1),
which requires listed companies to maintain stockholders' equity of
at least $2.5 million.

                      About Plus Therapeutics

Plus Therapeutics, formerly known as Cytori Therapeutics, Inc., is
a clinical-stage pharmaceutical company focused on the discovery,
development, and manufacturing scale up of complex and innovative
treatments for patients battling cancer and other life-threatening
diseases.  The Company is headquartered in located in Austin,
Texas, with a manufacturing facility in San Antonio, TX and a
satellite office in San Diego, CA.

Cytori reported a net loss of $12.63 million for the year ended
Dec. 31, 2018 compared to a net loss of $22.68 million for the year
ended Dec. 31, 2018.  As of Sept. 30, 2019, the Company had $25.71
million in total assets, $25.55 million in total liabilities, and
$160,000 in total stockholders' equity.

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


PURPLE SHOVEL: Plan Outline Conditionally OK'd, Jan. 13 Hearing Set
-------------------------------------------------------------------
Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Middle
District of Florida conditionally approved the Disclosure Statement
describing the Chapter 11 Plan of Purple Shovel LLC filed by
Trustee Gerard A. McHale, Jr.

The Court will convene a hearing on January 13, 2020 at 2:30 p.m.
to consider confirmation of the Plan, including timely filed
objections to confirmation, objections to the Disclosure Statement,
motions for cramdown, applications for compensation, and motions
for allowance of administrative claims.

Parties-in-interest shall submit to the Bankruptcy Clerk's office
their written ballot accepting or rejecting the Plan no later than
eight (8) days before the date of the Confirmation Hearing.

Objections to confirmation should be filed with the Court no later
than seven (7) days before the date of the Confirmation Hearing.

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

        About Purple Shovel

Based in Tampa, Florida, Purple Shovel, LLC
--http://www.purpleshovel.com/-- is a certified Service Disabled
Veteran-Owned Small Business (SDVOSB) founded in 2010 to provide
value-added solutions to an array of domestic and international
challenges. Purple Shovel affords its clients a single point of
contact to transport materials and aid anywhere in the world,
including remote regions inaccessible to others.

Purple Shovel filed a Chapter 11 petition (Bankr. M.D. Fla. Case
No. 18-04599) on June 1, 2018. In the petition signed by Benjamin
Worrell, manager, the Debtor disclosed $1.01 million in assets and
$12.35 million in liabilities.  

Judge Caryl E. Delano is the case judge.  The Law Offices of Norman
and Bullington serves as counsel to the Debtor.

On Aug. 8, 2018, the Office of the U.S. Trustee appointed Gerard A.
McHale Jr. as Chapter 11 trustee for the Debtor.  The Trustee
tapped Johnson Pope Bokor Ruppel & Burns, LLP as his legal counsel,
and McHale PA as his accountant.


RED SKY AG: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Red Sky Ag LLC
        492 Commerce Road
        Claxton, GA 30417

Business Description: Red Sky Ag LLC is a privately held company
                      in the vegetable and melon farming industry.

Chapter 11 Petition Date: December 25, 2019

Court: United States Bankruptcy Court
       Southern District of Georgia

Case No.: 19-60501

Judge: Hon. Edward J. Coleman III

Debtor's Counsel: James L. Drake Jr., Esq.
                  JAMES L. DRAKE, JR. PC
                  PO Box 9945
                  Savannah, GA 31412
                  Tel: 912 790 1533
                  E-mail: jdrake@drakefirmpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael E. Hively, sole member.

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

                    https://is.gd/o47SJr


RIDGEWOOD INN: Hires Patrick J. Thompson as Bankr. Attorney
-----------------------------------------------------------
Ridgewood Inn, Inc., seeks authorization from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Patrick J.
Thompson, Esq. as its bankruptcy attorney.

In the continuation of the Debtor's estate and in the
administration of its bankruptcy case, the Debtor needs the firm to
render these services:

a.  Advise the Debtor as to financial matters concerning the
administration of the estate;

b.  Prepare pleadings, motions and orders as needed; and

c.  Taking any and all other necessary action incident to the
proper preservation and administration of this estate.

In terms of employment agreed to between the Debtor and counsel,
Mr. Thompson has received $1,500 prior to representation.

Mr. Thompson attests that he represents no interest adverse to the
Debtor or to the estate in matters upon which it is to be engaged,
and his employment would be in the best interest of the estate.

                      About Ridgewood Inn Inc.

Ridgewood Inn Inc., a single asset real estate holding company,
filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 19-05746) on
Aug. 30, 2019, in Orlando, Florida, listing under $2 million in
both assets and liabilities.  The Law Offices of Patrick J.
Thompson represents the Debtor as attorney.



ROVIG MINERALS: Court Approves Murray as Trustee
------------------------------------------------
Judge John W. Kolwe granted the application of the Acting United
States Trustee to appoint Dwayne M. Murray as Trustee for Rovig
Minerals,Inc.

As reported in the TCR, the creditors who signed the involuntary
Chapter 11 petition for Rovig Minerals, Inc., et al., namely, Oil
Country Tubular
Corporation, FDF Energy Services, LLC, D H Rock Bit Inc.,Tri-City
Services, Inc., and Aldonsa, Inc., d/b/a Oilfield Instrumentation,
USA, seek the appointment of a Chapter 11 trustee to take over
management of the Debtors.

The Petitioning Creditors claimed that significant prepetition
mismanagement, if not outright fraud, has led to roughly $20
million of unpaid vendor claims and liens filed combined with
countless millions more in investor claims by folks holding a
certificate suggesting entitlement to a future working interest of
some kind. Makes one wonder where all the money went.  A trustee
should being charge of figuring that one out, sooner rather than
later.

A full-text copy of the Order is available at
https://tinyurl.com/s5x8454 from PacerMonitor.com at no
charge.  

                    About Rovig Minerals

Rovig Minerals, Inc. -- http://www.rovigminerals.com/-- was
founded in 1980 in Billings, Mont., to pursue exploration and
development of mineral, oil and gas projects around the world.

On Sept. 25, 2019, creditors FDF Energy Services LLC, Tri-City
Services Inc., Oil Country Tubular Corp., DH Rock Bit Inc., Aldonsa
Inc. filed an involuntary Chapter 11 petition against the Debtor
(Bankr. W.D. La. Case No. 19-51133).  The creditors are represented
by Michael A. Crawford, Esq., at Taylor, Porter, Brooks &
Phillips.

On Oct. 18, 2019, the Debtor and the Petitioning Creditors signed a
joint stipulation to convert the involuntary to a voluntary chapter
11 and for entry of a consent order for relief pursuant to 11
U.S.C. Sec. 303(h)(1).

The case is assigned to Judge John W. Kolwe.  

The Debtor tapped H. Kent Aguillard, Esq., and Caleb Aguillard,
Esq., as its bankruptcy attorneys.

An Official Committee of Unsecured Creditors appointed in the case
has retained Simon, Peragine, Smith & Redfearn, LLP, as its
counsel.



ROVIG MINERALS: Duval Funderburk Represents B&B Rentals, et al.
---------------------------------------------------------------
In the Chapter 11 cases of Rovig Minerals, Inc., the law firm of
Duval, Funderburk, Sundbery, Richard & Watkins submitted a verified
statement under Rule 2019 of the Federal Rules of Bankruptcy
Procedure, to disclose that it is representing B&B Rentals &
Manufacturing Inc., LaGreca Services, Inc., Drill Tech
Environmental Services, Inc. and Drill Labs, Inc.

As of Dec. 23, 2019, the parties listed and their disclosable
economic interests are:

1) B&B Rentals & Manufacturing, Inc.
   2217 Bayou Blue Road
   Houma, LA 70364

   * Creditor of Debtor and holder of liens and privileges in
     certain of the Debtor's oil and gas properties.

   * Principal amount of claim: $64,498.61

2) Drill Labs, Inc.
   915 Talbot Avenue
   Thibodaux, LA 70301

   * Creditor of Debtor and holder of liens and privileges in
     Certain of the Debtor's oil and gas properties.

   * Principal amount of claim: $55,715.92

3) Drill Tech Environmental Services, Inc.
   P.O. Box 177
   Schriever, LA 70395

   * Creditor of Debtor and holder of liens and privileges in
     Certain of the Debtor's oil and gas properties.

   * Principal amount of claim: $21,207.31

4) LaGreca Services, Inc.
   148 LaGreca Court
   Schriever, LA 70395

   * Creditor of Debtor and holder of liens and privileges in
     Certain of the Debtor's oil and gas properties.

   * Principal amount of claim: $87,454.36

The Firm can be reached at:

          Duval, Funderburk, Sundbery, Richard & Watkins
          Stanwood R. Duval, Esq.
          101 Wilson Avenue (70364)
          Post Office Box 3017
          Houma, LA 70361
          Tel: (985)876-6410
          Fax: (985)851-1490

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://is.gd/lB5ylc

                    About Rovig Minerals

Rovig Minerals, Inc. -- http://www.rovigminerals.com/-- was
founded in 1980 in Billings, Mont., to pursue exploration and
development of mineral, oil and gas projects around the world.

On Sept. 25, 2019, creditors FDF Energy Services LLC, Tri-City
Services Inc., Oil Country Tubular Corp., DH Rock Bit Inc., Aldonsa
Inc. filed an involuntary Chapter 11 petition against the Debtor
(Bankr. W.D. La. Case No. 19-51133).  The creditors are represented
by Michael A. Crawford, Esq., at Taylor, Porter, Brooks &
Phillips.

On Oct. 18, 2019, the Debtor and the Petitioning Creditors signed a
joint stipulation to convert the involuntary to a voluntary chapter
11 and for entry of a consent order for relief pursuant to 11
U.S.C. Sec. 303(h)(1).

The case is assigned to Judge John W. Kolwe.  

The Debtor tapped H. Kent Aguillard, Esq., and Caleb Aguillard,
Esq., as its bankruptcy attorneys.




RUBEN JASSO: Siemens Objects to 3rd Amended Plan Outline
--------------------------------------------------------
Siemens Financial Services, Inc., objects to Ruben Jasso Trucking,
LLC's Third Amended Disclosure Statement.

Ruben Jasso Trucking, LLC and Siemens Financial are parties to an
Equipment Loan and Security Agreement # 470-0003563-00, as amended
from time to time, pursuant to which the Debtor agreed to repay
Siemens Financial amounts loaned to the Debtor, the repayment of
which is secured by the following Siemens Equipment: 2 New 2018
Freightliner Tractor Series CA 125SLP, VIN Nos.1 FUJGLFGXJLJT8224
and 1FUJGLFG1JLJT8225.  

On Jan. 2, 2019, the Court entered an order providing that the
Debtor pay adequate protection payments in the amount of $4,957.26
per month beginning on Dec. 15, 2019.

Siemens Financial points out that several portions of the
Disclosure Statement and Third Amended Plan require clarification
and/or correction.

On page 11 of the Disclosure Statement, the Debtor states that it
is filing motions to value collateral of various secured creditors,
including Siemens Financial.  Siemens Financial believes this is an
error with regard to Siemens Financial.  On August 21,2019, after
the Debtor filed a valuation motion with regard to the Siemens
Collateral, this Court entered an Agreed Order Resolving
Debtor-In-Possession’s Motion to Value Collateral under F.R.
Bank. P. 3012 [Docket No. 192] and ordered as follows: The value of
the Siemens Collateral at the time of the effective date of any
plan of reorganization confirmed by this Court shall be the sum
total of $220,000 less any adequate protection  payments made by
the Debtor pursuant to the Approved AP Stipulation through such
effective date.  To avoid any uncertainty as to the value of the
Siemens Collateral as adequate protection payments have been
received and credited, as  of July 30, 2019, the value of the
Siemens Collateral is $180,342 (which is the sum of $220,000 less
$39,658 in adequate protection payments received by Siemens
Financial from the Debtor through July 30, 2019).  In addition, the
Disclosure Statement and Plan propose Plan payments in an amount
less than the Court-ordered adequate protection payments of
$4,957.26 per month and these payments are stated to begin on Oct.
28, 2019.  Because the Debtor cannot unilaterally reduce
Court-ordered adequate protection payments by having Plan  payments
begin prior to the  Plan being confirmed, the Disclosure Statement
and Plan should be clarified to state that any proposed Plan
payments to Siemens Financial must begin after Plan confirmation.

Attorneys for Siemens Financial Services:

     Carlos A. Miranda
     MIRANDA & MALDONADO, P.C.
     5915 Silver Springs, Bldg. 7
     El Paso, Texas 79912

                   About Ruben Jasso Trucking

Ruben Jasso Trucking, LLC, is a commercial trucking company.  It
was formed July 10, 2006 by Ruben Jasso and was consistently
profitable for the next nine years, principally serving the
maquiladora-automotive industry along the border between Juarez,
Mexico and El Paso, Texas.  As of the bankruptcy filing, its fleet
of commerical vehicles numbered 45 over-the-road tractors, 47
over-the-road trailers, and 3 local delivery trucks.

Ruben Jasso Trucking filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 18-31630) on Sept. 28, 2018.  In the petition
signed by Ruben Jasso, managing member, the Debtor estimated $1
million to $10 million in assets and liabilities.  The case is
assigned to Judge Christopher H. Mott.  The Debtor hired E.P. Bud
Kirk, Esq., at Law Office of E.P. Bud Kirk, as counsel.


S&C TEXAS: Radius Bank Gets Chapter 11 Trustee
----------------------------------------------
Came on for consideration Radius Bank's Emergency Motion for the
Appointment of Chapter 11 Trustee for S&C Texas Investments, Inc.
The U.S. Bankruptcy Court for the Southern District of Texas
(Houston Division) finds the appointment is appropriate under 11
U.S.C. Sec. 1104(a)(1) and (2).

Judge David R. Jones ordered that the U.S. Trustee shall select a
chapter 11 trustee after consultation with creditors and promptly
file a motion seeking the appointment of a chapter 11 trustee.

Counsel of Radius Bank's:

       Michael J. Durrschmidt
       Victoria N. Argeroplos
       1415 Louisiana, 36th Floor
       Houston, Texas 77002
       Telephone: 713-220-9165
       Facsimile: 713-223-9319
       E-mail: mdurrschmidt@hirschwest.com
               vargeroplos@hirschwest.com

A full-text copy of the Order is available at
https://tinyurl.com/u6mhh5l from PacerMonitor.com at no
charge.  

                 About S&C Texas Investments

S&C Texas Investments, Inc., is an amusement park operator and
investor whose current assets include the Sky Zone Westborough and
Sky Zone Wallingford amusement centers.

S&C Texas Investments, based in Cypress, TX, filed a Chapter 11
petition (Bankr. S.D. Tex. Case No. 18-35668) on Oct. 8, 2018.  In
the petition signed by Ryan Swift, president, the Debtor disclosed
$857,373 in assets and $8,862,438 in liabilities. The Hon. David R.
Jones oversees the case.  Margaret M. McClure, Esq., at the Law
Offices of Margaret M. McClure, serves as bankruptcy counsel to the
Debtor.

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


SKYTEC INC: LogiSYS Says Liquidation Analysis Insufficient
----------------------------------------------------------
Logistic Systems, Inc., presents its objection to Skytec, Inc.'s
Amended Disclosure Statement.

LogiSYS points out that the Debtor's liquidation analysis is
insufficient.

The Debtor asserts in the Second Amended Disclosure Statement that
"Debtor's Plan offers an estimated 20% percent dividend to the
Holders of General Unsecured Claims, allegedly more than the amount
they would receive in a liquidation scenario."  In support of this
conclusory statement, the Debtors refer creditors to the
Liquidation Analysis attached to the Disclosure Statement.

LogiSYS notes that in In re Acemla de Puerto Rico, Inc., 2019
Bankr. LEXIS 182 (Bankr. D.P.R. Jan.  2019), several creditors
raised objections to the debtor's disclosure statement and plan of
reorganization based upon the debtor's failure to discuss any
possibility or extent of avoidance actions, the debtor's improper
classification of creditors who could have been paid in full on the
effective date, and the debtor's intention for its equity security
holders to maintain their interest in the company even though the
unsecured creditors were not going to be paid in full, in express
violation of the absolute priority rule.  Many of the deficiencies
raised by creditors in In re Acemla de Puerto Rico, are likewise
apparent here, according to LogiSYS.

LogiSYS further points out that:

  * The Debtor did not include the analysis of the payments made
during the period subject to avoidance in the Second Amended
Disclosure Statement.

  * The Disclosure Statement does not contain adequate information
concerning avoidance actions.

  * The Disclosure Statement lacks adequate information about
feasibility.

  * The Second Amended Disclosure Statement fails to provide
adequate information regarding the lease agreement for the property
where its offices are located, and the allegedly executory
contracts it rests upon to forecast the income from operations.

Counsel for LogiSYS:

     Carlos A. Rodríguez Vidal
     Solymar Castillo Morales
     GOLDMAN ANTONETTI & CORDOVA, LLC
     Post Office Box 70364
     San Juan, PR 00936-8364
     Telephone No.: (787) 759-4117
     Facsimile No.: (787) 767-9177
     E-mail: crodriguez-vidal@gaclaw.com
             scastillo@gaclaw.com

                         About Skytec Inc.

Skytec, Inc., is a privately-held company based in Puerto Rico that
provides wireless telecommunication solutions.  Skytec sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R.
Case No. 18-05288) on Sept. 12, 2018.  In the petition signed by
Henry L. Barreda, president, the Debtor disclosed $2,119,734 in
assets and $5,848,090 in liabilities. Judge Enrique S. Lamoutte
Inclan oversees the case.  The Debtor tapped Fuentes Law Offices,
LLC as its legal counsel.


SOUTH TEXAS INNOVATIONS: Amends Reorganization Plan
---------------------------------------------------
South Texas Innovations, LLC, filed an Amended Plan of
Reorganization.

On the Effective Date, all Property of the Estate will revest in
the  Reorganized Debtor free and clear of all liens, claims,
interests and  encumbrances pursuant to 11  U.S.C. '363(f) and 11
U.S.C. '1123(a)(5) to the maximum extent allowed by law, and except
as otherwise provided by this Plan.  Immediately upon the revesting
in the Reorganized Debtor, the Reorganized Debtor shall transfer
all intangible assets, including all claims and causes of action to
the Litigation Trust.  Such transfers shall be free and clear of
Liens, Claims and other encumbrances other then the liens of
Woodforest Bank, and the Internal Revenue Service, and to the
extent they exist, and the assets shall be administered for the
benefit of the holders of the Beneficial Interests.  Avoidance
Actions shall be transferred to the Litigation Trust free and clear
of all liens, claims and encumbrances, including those of
Woodforest Bank.  Proceeds from Avoidance Actions will be
distributed to Class B Beneficial Interests.

Nothing in the Plan or in the Order Of Confirmation shall waive or
relinquish Archer Western;s Claims or Causes of Action or preclude
or estop Archer Western from asserting its Claims or Causes of
Action, or any defenses, in this case or in any litigation or
arbitration, the same being expressly preserved in all respects.

Allowed Priority Tax Claims against the Debtor shall accrue
interest at 5% per annum until paid and shall be paid as follows:
25% of the Allowed Priority Tax Claim shall be paid on or before
12/31/2020, with accrued interest; 25% of the Allowed Priority
Claim shall be paid on or before 12/31/2021, with accrued interest;
25% of the allowed Priority Claim shall be paid on or before
12/31/2022, with accrued interest; and, remaining Allowed Priority
Tax Claims shall be paid on or before 10/30/2023, with accrued
interest; such other date as the Reorganized Debtor and the holder
of the Allowed Priority Tax Claim shall agree.  Any secured
priority tax claims that are determined to be undersecured and
therefore not entitled to treatment as a secured claim shall be
treated as an Allowed Priority Tax Claim.  

The Plan treats classified claims as follows:

  * Class 1 - Secured Claim.  Equipment owned by the Debtor and
encumbered by the lien of Woodforest and certain taxing
jurisdictions shall be surrendered to Woodforest for a credit of
$100,000 on the Class 1 Claim. The liens and claims of all taxing
authorities shall remain on the surrendered property, with
Woodforest agreeing to satisfy all pre and postpetition personal
property taxes out of the proceeds, if any, of any sale of the
surrendered property.  In the event Woodforest does not sell any of
the Equipment, Woodforest will notify counsel for the taxing
authorities before disposing of the Equipment.  All Secured Claim
Holders shall retain their prepetition lien, if any, on assets
transferred to the Litigation Trust.  The Avoidance Actions of the
Debtor are not encumbered by any lien or other interest of any
creditor.

   * Class 3 - General Unsecured Claims.  Class 3 is impaired, and
is entitled to vote.  Each holder of an allowed Litigation Claim
will receive, on the  Plan Distribution Date, its pro rata share of
the Class B Litigation Trust Beneficial Interests.

A red-lined copy of the Amended Chapter 11 Plan f Reorganization
dated Dec. 4, 2019, is available at https://tinyurl.com/t6vlqen
from PacerMonitor.com at no charge.

Counsel for the Debtor:

     Johnie Patterson
     WALKER &PATTERSON, P.C.
     P.O. Box 61301
     Houston, TX 77208
     Tel: 713.956.5577
     Fax: 713.956.5570
     E-mail: jjp@walkerandpatterson.com

               About South Texas Innovations

Creditors Titan Formwork Systems LLC, Superior Crushed Stone LC and
T-Star Sawing & Drilling LLC filed a Chapter 7 involuntary petition
(Bankr. S.D. Texas Case No. 18-34245) against South Texas
Innovations LLC on Aug. 3, 2018.  The creditors are represented by
Lisa M. Norman, Esq.

On Nov. 1, 2018, the Chapter 7 case was converted to one under
Chapter 11 (Bankr. S.D. Tex. Case No. 18-34245).  The case is
assigned to Judge David R. Jones.

The Debtor tapped Walker & Patterson, P.C., as its legal counsel.


STORE IT REIT: Plan Outline Conditionally OK'd, Jan. 13 Hrg. Set.
-----------------------------------------------------------------
Judge Marvin Isgur has conditionally approved the Disclosure
Statement explaining the Third Amended Plan of Liquidation of Store
It REIT, Inc.

The Court will convene a hearing on January 13, 2020 at 9:00 a.m.
to consider confirmation of the Plan and final approval of the
Disclosure Statement.

Parties-in-interest have until January 6 to file and serve written
objections to the Disclosure Statement and Plan.

January 6, 2020, is also the deadline for filing acceptances or
rejections of the Plan.

A full-text copy of the Order is available at
https://tinyurl.com/wud5g9d from PacerMonitor.com at no charge.

            About Store It REIT

Store It REIT, Inc., formerly known as Evergreen Realty REIT, Inc.,
and American Spectrum REIT I, Inc., is a privately held company in
Ketchum, Idaho engaged in activities related to real estate. The
Company has 98.64% equity interest in Evergreen REIT, LP.

Evergreen REIT, LP, is a real estate investment trust owning an
interest in entities that own tenant in common, limited
partnership, and/or general partnership interest in three
self-storage facilities.

Store It REIT filed for Chapter 11 bankruptcy protection
(Bankr.S.D. Tex. Case No. 18-32179) on April 27, 2018, listing
$13.18 million in total assets and $127,143 in total liabilities.
The petition was signed by William J. Carden, president and
director. Judge Marvin Isgur oversees the case.  The Debtor tapped
Deirdre Carey Brown, Esq., at Hoover Slovacek LLP, as its
bankruptcy counsel.

An official committee of unsecured creditors has not been formed.
However, on July 3, 2018, an Official Committee of Equity Security
Holders was created. The Committee is represented by Polsinelli,
PC.

The equity committee has sought the appointment of an examiner in
the company's Chapter 11 case.

The Debtor has filed a plan of liquidation and disclosure
statement.


T CAT ENTERPRISE: Court Confirms Amended Reorganization Plan
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois has
confirmed the Second Amended Plan of Reorganization of T Cat
Enterprise, Inc.

The Confirmation Order provides that as long as Class IV and Class
VI Plan payments have been paid in full, T-Cat Enterprise, Inc.
will deliver to Cohen & Krol or its nominee the monthly credit card
statements paid by the Debtor. Jim & Dana Trumbull's salary will
remain fixed until the anniversary of the first Plan Payments. As
long as all Plan payments are current, a salary increase of no more
than 3% annually is permitted.

The Order also notes that Ally Financial is unimpaired Class VII
creditor under the plan and shall retain its liens upon the 2015
Jeep Cherokee with VIN: 1CC4PJMDS1FW664487 and the 2015 Jeep
Cherokee with VIN: 1C4PJMDSXFW664486.

A full-text copy of the Confirmation Order is available at
https://tinyurl.com/tcb2pkj from PacerMonitor.com at no charge.

              About T CAT Enterprise

T Cat Enterprise, Inc. -- http://www.tcatinc.com/-- is a
family-owned and operated construction company specializing in
excavation, railroad clean up, and snow plowing services in the
tri-state area. In addition, the Company also offers hauling
services, demolition services, and pavers and asphalt repairs.  

T Cat Enterprise, Inc., based in Franklin Park, IL, filed a Chapter
11 petition (Bankr. N.D. Ill. Case No. 18-22736) on Aug. 13, 2018.
In the petition signed by James R. Trumbull, president, the Debtor
was estimated to have $0 to $50,000 in assets and $1 million to $10
million in liabilities. The Hon. Jack B. Schmetterer oversees the
case. Joseph E. Cohen, Esq., and Gina B. Krol, Esq., at Cohen &
Krol, serve as bankruptcy counsel to the Debtor.v


TBH19 LLC: DBD Credit Wants Chapter 11 Trustee to Replace Ross
--------------------------------------------------------------
Creditor DBD Credit Funding LLC filed a motion for an order for the
appointment of a Chapter 11 trustee for TBH19, LLC.

"Leonard Ross has been and continues to be a poor fiduciary and
vexatious litigant seeking over and over to mislead creditors and
this Court in his effort to endlessly delay the satisfaction of his
legitimate obligations. Eight years ago, this Court replaced Ross
with a chapter 11 trustee due to his lack of candor and failure to
protect the interests of the estate under his charge.  Since then,
Ross has continued to dissemble and misrepresent and fail to
satisfy his most basic obligations to his creditors.  What's more,
he now seeks to use the chapter 11 process and this Court to thwart
legitimate creditor enforcement efforts, filing on the eve of a
receiver being appointed over the Property," DBD said in court
filings.

"On the evening before Thanksgiving, Ross filed a slew of motions
purportedly to address emergency needs of the estate.  But this
turned out to be another of Ross' games.  Rather than seek to act
in the best interests of the estate, Ross tried to sneak through a
misrepresented insider transaction, lock the estate into a
haphazard sale process not reasonably calculated to resolve the
estate's obligations to its creditors, and obtain a blank check to
use the creditors' collateral to fund a variety of insider
payments.  Ross' complete control over the Debtor in this case only
exacerbates the many problems caused by his well-documented
tendency for mismanagement and self-dealing."

"DBD has ample experience with Ross' tactics, as the parties have
already been embroiled in contentious litigation regarding the Loan
since September of this year.  In the State Court Litigation, Ross
has time and time again shown a willingness to act in stark
violation of written agreements in order to promote his own
self-interest—going so far as to independently reduce his rental
obligations to Debtor from $3 million to $1.25 million per year –
a nearly 60% reduction.  This unilateral decision by Ross has
jeopardized the Debtor's ability to service its considerable debt.
Notably, the lease which Ross claims to have "amended" in this
fashion actually appears fraudulent from the start, as it is dated
six months before the version of the lease form used even existed.
In addition, Ross is seeking to pay himself exorbitant management
fees totaling over $2 million a year in exchange for his "services"
which generated only $66,000 in annual third-party revenues.   And
worse yet it appears these limited revenues are being used by Ross
not to maintain the collateral but to service debt on another one
of his properties."

"Such instances of apparent fraud and self-dealing are
unfortunately not exceptional occurrences in dealings with Ross.
As described below, the record is replete with insider
transactions, unexplained transfers, intentionally omitted
financial information, missing funds, fabricated documents, and
gross mismanagement of the collateral securing the over $53 million
owed to DBD and over $26 million claimed to be owed to another
lender junior to DBD.  The only way to protect the creditors'
interests is the immediate appointment of an independent fiduciary
to oversee the administration of the estate and sale of the
property securing the claims of the estate's largest creditors."

The Debtor is a Delaware limited liability company managed by
LMRTBH, LLC, another Delaware limited liability company, which in
turn is managed by Leonard M. Ross, an individual.  Ross completely
controls and dominates the Debtor, so there is no one to stop his
mismanagement, self-dealing, and consistent lack of candor to
courts and creditors alike.

One hundred percent of the membership interests in Debtor are
indirectly held by the Leonard M. Ross Revocable Trust (u/d/t
12-20-85).  Ross is an investor and Chairman of the Board of
Directors, President, Founder, Manager and beneficial owner of
several closely held entities that have been involved directly and
indirectly (through interests in closely-held partnerships) in
various real estate activities and properties, including lodging,
land development for estate homes, resort, office building,
apartments, and shopping centers.

This is not the first time that Ross or his related entities has
filed for bankruptcy.  On Sept. 15, 2010, Ross, in his individual
capacity and as trustee for the Ross Trust, filed for bankruptcy
under chapter 11 of the Bankruptcy Code.  At or around that time,
there were also bankruptcy proceedings pending for at least five
other entities associated with Ross.

Attorneys for DBD Credit Funding:

        Samuel A. Newman
        Genevieve G. Weiner
        SIDLEY AUSTIN LLP
        555 West Fifth Street
        Los Angeles, CA 90013
        Telephone: 213.896.6000
        Facsimile: 213.896.6600
        E-mail: sam.newman@sidley.com
                gweiner@sidley.com

A full-text copy of Creditor's Motion for Chapter 11 Trustee is
available at https://tinyurl.com/ue3koqy from PacerMonitor.com at
no charge.  

                      About TBH19, LLC.

TBH19, LLC, owns a single family property with 17 beds, 29 baths,
10-car garage, and 3.53 acres lot located at 1011 N. Beverly Hills,
California, having an appraised value of $125 million.  The
residence is considered one of the crowning achievements of
renowned architect Gordon Kaufmann and was built in 1927 for Milton
Getz, Executive Director of the Union Bank & Trust Company.  TBH19
is managed by Lenard M. Ross.

Ross has been involved directly and indirectly (through interests
in closely-held partnerships) in various real estate activities and
properties, including lodging, land development for estate homes,
resort, office building, apartments, and shopping centers.

TBH19, LLC, sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
19-23823) on Nov. 24, 2019.  The Debtor disclosed total assets of
$125,042,955 and total liabilities of $75,126,312 as of the
bankruptcy filing.  The LAW OFFICES OF ROBERT M YASPAN is the
Debtor's counsel.



TECHNICAL COMMUNICATIONS: Regains Compliance with Nasdaq Rule
-------------------------------------------------------------
Technical Communications Corporation received on Dec. 18, 2019
correspondence from the Nasdaq Listing Qualifications department of
the Nasdaq Stock Market confirming the Company has regained
compliance with The Nasdaq Stock Market listing rule 5550 by the
filing of Form 10-K for the fiscal year ended Sept. 28, 2019, which
reported over $500,000 in net income from continuing operations, as
required by the Hearings Panel's decision of Oct. 14, 2019.

                    About Technical Communications

Concord, Massachusetts-based Technical Communications Corporation
-- http://www.tccsecure.com-- specializes in secure communications
systems and customized solutions to protect highly sensitive voice,
data and video transmitted over a wide range of networks.  

Technical Communications reported net income of $631,425 for the
year ended Sept. 28, 2019, compared to a net loss of $1.48 million
for the year ended Sept. 29, 2018.

Stowe & Degon LLC, in Westborough, Massachusetts, the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated Dec. 5, 2019, on the consolidated financial statements
for the year ended Sept. 28, 2019 citing that for the fiscal year
ended Sept. 28, 2019 the Company generated $631,000 of net income,
however for the prior seven year period from fiscal 2012 to fiscal
2018, the Company suffered recurring losses from operations and has
an accumulated deficit of $2,155,000 at Sept. 28, 2019.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


TODAY'S KIDS: Jan. 21 Hearing on Plan & Disclosures Set
-------------------------------------------------------
Judge Cynthia C. Jackson has ordered that the Disclosure Statement
in support of Today's Kids, Inc.'s Chapter 11 Plan is conditionally
approved.

An evidentiary hearing will be held on Jan. 21, 2020 , at 02:00 PM
in Courtroom 6D, 6th Floor, George C. Young Courthouse, 400 West
Washington Street, Orlando, FL 32801 to consider and rule on the
disclosure statement and to conduct a confirmation hearing.

Creditors and other parties in interest shall file with the clerk
their written acceptances or rejections of the plan (ballots) no
later than seven days before the date of the Confirmation Hearing.

Any party desiring to object to the disclosure statement or to
confirmation shall file its objection no later than seven days
before the date of the Confirmation Hearing.

The Debtor will file a ballot tabulation no later than four days
before the date of the Confirmation Hearing.

                    About Today's Kids Inc.

Today's Kids Inc., a Florida limited liability company, engages in
all  aspects of mobile food service and is a real estate holding
company.  It leases property located at 1206 W. Robinson Street,
Orlando, Florida 32805.
  
Today's Kids sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 19-04473) on July 7, 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 Cynthia C. Jackson.  The Debtor is represented by
Bransonlaw, PLLC.


TODAY'S KIDS: Unsecureds to be Paid in Full in Reorganization Plan
------------------------------------------------------------------
Today's Kids, Inc., has filed a Chapter 11 Plan that contemplates
the emergence of a Reorganized Debtor through the continued
operation of the business.

The Plan treats claims and interests as follows:

  * Allowed secured claims of CFR (Class 1).  Unimpaired.  Holder
of the claim, estimated to be in the amount of $20,156.29, will
retain the lien securing its collateral and its legal, equitable,
and contractual rights will be unaltered by the Plan.

  * Westgate Lease Cure (Class 3).  Impaired.  In full satisfaction
of the Allowed Class 3 Claim, holders of such claim will be paid as
follows the Debtor shall pay 24 equal monthly payments of $1,775.87
commencing on Dec. 15, 2019.

  * General Unsecured Claims (Class 4).  Impaired.  The Debtor will
pay the holders of Class 4 Claims in full, except that the maximum
sum to be paid will not be greater than an aggregate sum of $1,200
(the "Unsecured Pot").  Each holder of an allowed unsecured claim,
if any such holders exist, will be paid a pro rata share of the
Unsecured Pot if not paid in full.  Payments will be made over 12
months and shall commence on the 30th day after a final order
determining all remaining disputed claims.  Payments will continue
until the Unsecured Pot or 100% of all Class 4 Claims are paid in
full.

  * Equity Interests (Class 5).  Holders of a Class 5 interest will
retain  their full equity interests in the same amounts,
percentages, manner and structure as existed on the Petition Date.

The Reorganized Debtor believes the cash flow generated from the
continued operation of the Debtor's business will be sufficient to
meet the operating needs and Plan Payments.

A full-text copy of the Disclosure Statement dated December 2,
2019, is available at https://tinyurl.com/qsppd6r from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Jeffrey S. Ainsworth
     BransonLaw, PLLC
     1501 East Concord Street
     Orlando, Florida 32803
     Telephone: (407) 894-6834
     Facsimile: (407) 894-8559
     E-mail: jeff@bransonlaw.com

                      About Today's Kids Inc.

Today's Kids Inc., a Florida limited liability company, engages in
all  aspects of mobile food service and is a real estate holding
company.  It leases property located at 1206 W. Robinson Street,
Orlando, Florida 32805.
  
Today's Kids sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 19-04473) on July 7, 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 Cynthia C. Jackson.  The Debtor is represented by
Bransonlaw, PLLC.


TRIBECA AESTHETIC: To Seek Plan & Disclosures Approval Jan. 2
-------------------------------------------------------------
A disclosure statement and plan were filed by Tribeca Aesthetic
Medical Solutions, LLC, a small business, on Nov. 21, 2019.

Judge Laurel M. Isicoff has ordered that a hearing (i) to consider
approval of Tribeca's Disclosure Statement, (ii) confirmation of
Tribeca's Plan and (iii) approval of fee applications in the case
will on Jan. 2, 2020 at 10:30 a.m. in United States Bankruptcy
Court 301 N Miami Ave., 8th Fl Miami, FL 33128.

The deadline for objections to claims will be on December 19,
2019.

The deadline for filing ballots accepting or rejecting Plan will be
on Dec. 20, 2019.

The deadline for objections to confirmation will be on Dec. 27,
2019.

The deadline for objections to approval of the Disclosure Statement
will be on Dec. 27, 2019.

          About Tribeca Aesthetic Medical Solutions
  
Tribeca Aesthetic Medical Solutions, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
19-20582) on Aug. 7, 2019.  At the time of the filing, the Debtor
had estimated assets of between $100,001 and $500,000 and
liabilities of between $500,001 and $1 million. The case has been
assigned to Judge Laurel M. Isicoff. The Debtor is represented by
Shraiberg Landau & Page PA.

The U.S. Trustee did not appoint an official committee of unsecured
creditors in the Chapter 11 case.


TWIN PINES: New Mexico Taxation Dept. Objects to Plan
-----------------------------------------------------
The Taxation and Revenue Department of the state of New Mexico,
appearing by and through Hector H. Balderas, Attorney General,
objects to final approval of the Disclosure Statement and to
confirmation of the Plan of Reorganization of Twin Pines LLC.

The Taxation Department points out that the Disclosure Statement
does not adequately disclose the Debtor's New Mexico Tax
obligations, merely estimating them at $303.96. As set out in the
Department's Proof of Claim, the Debtor, despite having
continuously since its inception reported liability for New Mexico
Employee Withholding Taxes, reported no Withholding Tax liability
at all during 2017, the Department notes.

The treatment of Class 1 secured creditor Lincoln County Treasurer
refers to condos. The Debtor should clarify whether the units are
condominiums or solely owned by the Debtor, the Department says.

The Debtor's Plan and Disclosure Statement provide that 40% owner
John Pacheco will become the Debtor's 100% owner if the Debtor
emerges from chapter 11. The
Debtor should disclose the terms any agreement between equity
owners providing for the change.

The Plan provides for payment of the Department's 11 U.S.C. Sec.
507(a)(8) priority Claim, identified in the Disclosure Statement as
being $303.96, within 60 months of the petition date. If it turns
out that the Department's Claim is not significantly different than
estimated, the Debtor should pay it in full, promptly, so as to
meet the requirements of 11 U.S.C. Sec. 1129(a)(9)(C)(iii).

The Taxation Department urges the Court to deny final approval of
the Disclosure Statement and confirmation of the Plan of
Reorganization unless the objections are properly addressed.

A full-text copy of the Objection is available at
https://tinyurl.com/vdk6zyt from PacerMonitor.com at no charge.

          About Twin Pines

Twin Pines LLC, a New Mexico limited liability company, provides
automotive repair and maintenance services. Twin Pines owns condos
it valued at $523,618, and a commercial property valued at
$741,908, in Ruidoso, New Mexico.

Twin Pines LLC sought Chapter 11 protection (Bankr. D.N.M. Case
No.19-10295) on Feb. 12, 2019, in Albuquerque, New Mexico. As of
the Petition Date, the Debtor disclosed total assets at $1,361,978
and total liabilities at $1,338,629. The case is assigned to Judge
Robert H. Jacobvitz. WILLIAM F. DAVIS & ASSOC., P.C., represents
the Debtor.


TWO BAR: Chapter 11 Trustee Takes Over Mgt. of Estate
-----------------------------------------------------
The Bankruptcy Court has granted counsel of debtor Two Bar O
Country Store, Inc.'s emergency motion for the appointment of a
Chapter 11 trustee.

The US Trustee has selected Mr. Frederick J. Petersen of Mesch
Clark Rothschild for appointment as trustee in this case.  Mr.
Petersen's contact information is as follows:

        Frederick J. Petersen
        Mesch Clark Rothschild
        259 N. Meyer Avenue
        Tucson, Arizona 85701-1090
        Telephone: (520) 624-8886
        E-mail: fpetersen@mcrazlaw.com

In seeking a Chapter 11 trustee, the Debtor's counsel explained
that:

   * The Debtor filed its initial Chapter 11 Plan of Reorganization
and Disclosure Statement on June 14, 2018.  The Plan has not been
confirmed.  A liquidating plan in essence, the Debtor was to pay
allowed administrative claims and repay its creditors in order of
priority upon collecting the net proceeds of the Cell Tower Sale
and the Real Estate.  

  * In March 6, 2019, the Court entered an Order ("Easement Sale")
approving Debtor's Motion to Approve Sale of Perpetual easement on
Real Estate Free and Clear of Liens, Subject to Higher and Better
Offers for the sum of $260,000 to Global Signal Acquisitions IV.
Due to the failure of Crown Castle to close on the Easement Sale,
Debtor has accrued a damages claim against Crown Castle.  

   * ICOR Commercial Real Estate Services, Inc., the broker agent,
has received at least three offers to purchase the Property
exclusive of the Lease which is subject to the Easement Sale.  The
most recent cash offer for the Property was in excess of $200,000.
Counsel for Debtor believes that the Ormsby Brothers have disagreed
on the value of the Property and have not authorized  counsel for
the Debtor to accept the offer.  Additionally, the Debtor has
failed to remain in regular communication with Counsel for Debtor.

"Counsel for Debtor cannot make decisions for the Debtor.
Regardless of whether it is Debtor's lack of communication with its
counsel, or the indecision of the Ormsby Brothers, the estate is
not benefiting.  Counsel has a duty to preserve and protect the
assets of the estate, and it cannot do so without the appointment
of the Chapter 11 trustee," according to the Trustee Motion.

"Counsel for Debtor believes the scope of the issues for a Chapter
11 trustee are limited.  Counsel for Debtor also asserts that a
Chapter 11 trustee would be in a position to most expeditiously
handle this matter.  Immediately upon entry of an order employing a
Chapter 11 trustee, Debtor could file the Section 363 sale motion
for the Property.  After all, the motion is drafted.  The quick
filing of a motion to sell the Property would also assuage any
misplaced fears of Crown Castle that its purchase of the Lease and
easement would not be wiped out by a subsequent trustee's sale or
other similar lien foreclosure action."

A full-text copy of the Emergency Motion is available at
https://tinyurl.com/wvyy8b2 from PacerMonitor.com at no charge.

A full-text copy of the Order is available at
https://tinyurl.com/r2lrwzn from PacerMonitor.com at no
charge.  

               About Two Bar O Country Store

Two Bar O Country Store, Inc. is a multi-member LLC, formed in the
state of Arizona.  Its two members are Lloyd Ormsby and Frank
Ormsby.  The assets of the bankruptcy estate include the fee simple
ownership of real property located 7871 East Wrightstown Road,
Tucson, Arizona, 85715 and that certain Option and Site Lease
Agreement dated February 7, 1996 between Two Bar O Country Store,
Inc. and AT&T Wireless PCS, Inc., wihch lease covers a portion of
the property for use as a cell tower.

Two Bar O Country Store, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 17-12618) on Oct. 24,
2017.  At the time of the filing, the Debtor estimated assets of
less than $1 million and liabilities of less than $500,000.  Judge
Scott H. Gan is the presiding judge.  The Debtor hired The Law
Offices of C.R. Hyde, PLC, as its legal counsel.


UTOPIX MEDICAL: To Seek Plan Confirmation Jan. 16
-------------------------------------------------
Judge Brenda T. Rhoades has ordered that the Disclosure Statement
in support of Utopix Medical, LLC's Chapter 11 Plan, filed on Dec.
5, 2019 is conditionally approved.

The hearing to consider final approval of the Debtor's Disclosure
Statement and confirmation of the Chapter 11 Plan is fixed and
shall be held on Jan. 16, 2020 at 9:30 a.m. in the Plano Bankruptcy
Courtroom, 660 N. Central Expressway, Third Floor, Plano, Texas
75074,

Jan. 14, 2020 is fixed as the last day for filing written
acceptances or rejections of the Debtor’s proposed Chapter 11
plan.

Jan. 13, 2020 is fixed as the last day for filing and serving
written objections to: (1) final approval of the Debtor's
Disclosure Statement; or (2) confirmation of the Debtor's proposed
Chapter 11 plan.

As reported in the Troubled Company Reporter, 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.  

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.


VIRGIN ISLANDS WPA: Fitch Keeps CCC IDR on Watch Negative
---------------------------------------------------------
Fitch Ratings  maintained the following ratings for the U.S. Virgin
Islands Water and Power Authority (WPA) on Rating Watch Negative:

  -- $91.49 million electric system revenue bonds, 'CCC';

  -- $86.40 million electric system subordinate revenue bonds,
'CCC';

  -- Issuer Default Rating (IDR), 'CCC'.

ANALYTICAL CONCLUSION

The Rating Watch Negative on WAPA's existing obligations is being
maintained. While Fitch's concerns have diminished regarding the
likelihood of a restructuring of, or default on, WAPA's outstanding
debt, the authority's ability to achieve financial stability
depends heavily on its ability to secure adequate rate relief.
WAPA's existing petition for rate relief is currently under
consideration by the Virgin Islands Public Service Commission
(PSC). Fitch expects to resolve the Rating Watch following a final
rate approval and implementation, as well as an assessment of the
effects on WAPA's financial profile.

The 'CCC' rating continues to reflect heightened default risk as a
consequence of WAPA's exceptionally weak cash flow and liquidity.
The authority's performance remains challenged by its inability to
meet its collective financial obligations on a timely basis, due
largely to delays in securing adequate rate relief, persistently
high accounts receivable and the lingering effect of the 2017
hurricanes on the demand for electricity and the regional economy,
in general. Liquidity, based on unaudited information provided to
Fitch by the authority, remains very weak with negligible cash on
hand and nearly depleted borrowing capacity under lines of credit.
Greater stability in operating performance is expected only if rate
relief is approved, electric demand firms, operating efficiencies
are achieved and cash flow improves.

The current rating further reflects risks related to the
authority's debt profile and near-term maturities. WAPA's schedule
debt service obligations are expected to be paid on Jan. 1, 2020;
however, scheduled bond anticipation note (BAN) maturities in July
2020 will require external financing or a maturity extension.

Fitch makes no distinction between the ratings on WAPA's senior
lien obligations, subordinate lien obligations and its IDR. While a
default on the payment of the authority's subordinate obligations
would not result in a payment default under its senior obligations,
the relatively high probability of enterprise default does not
support distinction among the ratings.

CREDIT PROFILE

WAPA is an instrumentality created by the government of United
States Virgin Islands (USVI) and is the sole provider of electric
and water service to the territory, which includes the separate
islands of St. Thomas, St. Croix and St. John. The electric system
generates, transmits and sells electric power and energy to
currently more than 50,000 residential, commercial and large power
customers, including the USVI government.

WAPA also owns and operates a water utility system. The two systems
share common administrative and operating personnel, as well as
certain operating expenses, and operate a number of dual-purpose
plants for the production of electricity and water. However, the
authority maintains separate audited financial statements for the
two systems, and the debt of each system is separately secured.
Fitch's analysis of the WAPA electric system and the calculation of
its related metrics are based on the authority's audited electric
system financial statements.

KEY RATING DRIVERS

Revenue Defensibility: 'bbb'; Weak Service Area and Regulation
Limit Revenue Defensibility

The authority's revenue defensibility is limited by the territory's
weak demographics and demand characteristics, as well as limited
rate flexibility. WAPA's rates for electric service are extremely
high contributing to low affordability. The authority's rates are
further regulated by the PSC.

Operating Risk: 'bb'; High Operating Cost Burden

Operating risk is very high due to an extremely high operating cost
burden. Costs are driven largely by the challenges of serving a
territory comprised of multiple islands including higher than
normal costs for fuel, labor and excess capacity necessary to
ensure reliability.

Financial Profile: 'bb'; Significant Liquidity Concerns

Weak liquidity and very high leverage contribute to WAPA's weak
financial profile. At Sept. 30, 2019, the authority reported $7
million cash on hand (unaudited), nearly $4 million available for
overdraft borrowing and no borrowing capacity under its working
capital line of credit.

Asymmetric Additional Risk Considerations

Asymmetric risks related to WAPA's debt profile, which features
sizable maturities in 2020 and 2021, and the absence of audited
information for fiscal years 2018 and 2019 have been factored in
the current rating.

RATING SENSITIVITIES

Outcome of Rate Case: Approval and implementation of higher retail
rates and a more resilient rate structure in order to restore
WAPA's operating performance and cash flow, could contribute to a
Stable Outlook over the near term. Alternatively, an inability to
secure adequate rate relief would likely result in a downgrade of
the rating.

Evidence of Restructuring or Default: Any evidence that a
restructuring of, or default on, outstanding debt is probable,
including the passage of enabling legislation or an inability to
meet near-term liquidity demands, could result in further negative
rating action.

SECURITY

Electric system revenue bonds are secured by a pledge of net
electric revenues and certain other funds established under the
bond resolution. The electric system subordinated revenue bonds are
secured by a pledge of net revenues that are subordinate to the
pledge securing the electric system revenue bonds. Outstanding
senior and subordinate lien bonds are also secured by fully debt
service reserve funds.

Revenue Defensibility
WAPA electric operations exhibit very strong revenue source
characteristics as the authority is the sole provider of electric
service to the USVI. While a few commercial entities maintain
backup generation facilities and/or produce electricity for their
own consumption, the authority supplies energy on a largely
exclusive basis throughout its service area.

Service Area Characteristics

WAPA's demand characteristics and overall revenue defensibility are
limited by the territory's geographical challenges, its reliance on
tourism and government employment, and demographics that are
significantly weaker than national averages. The USVI's economy is
relatively small, narrow and subject to considerable volatility.
Tourism and related industries account for the overwhelming
majority of activity, particularly since the closure of the Hovensa
oil refinery in 2012. The refinery had been a significant private
employer. The USVI government now consistently accounts for 20%-25%
of the island's employment. Electric demand is further limited by
weak demographics including median household income levels that
approximate just half of the U.S. average and unemployment rates
that have declined steadily since 2013, but remain over twice as
high as the national average.

WAPA's service territory and overall performance has struggled to
recover from the two category-five Hurricanes (Irma and Maria) that
hit the island in September 2017. While the authority reported that
roughly 90% of its customers were restored by YE 2017, a number of
major resorts have not reopened and total energy sales remain lower
by 10%-12%. The shuttered resorts, including Caneel Bay on St.
John, were also among the area's largest employers further
challenging demographics and overall demand characteristics.

Rate Flexibility

WAPA's revenue defensibility is further constrained by midrange
rate flexibility stemming from very high electric rates and low
affordability, as well as external rate regulation by the PSC,
which has historically challenged the utility's ability to fully
recover costs on a timely basis. In addition to the expected lag in
recovery that is often associated with external regulation, rate
relief for WAPA has frequently been delayed as a result of
political wrangling and disputes among the relevant parties. In
November 2016, WAPA entered into an interim agreement with the PSC
that would provide $14.5 million of interim rate relief. On Jan.
12, 2017, the PSC voted to grant the interim effective on Feb. 1,
2017. However, prior to the effective date, the PSC rescinded its
rate approval. WAPA then petitioned the Superior Court of the
Virgin Islands, which ordered a stay of the commission's decision
that allowed WAPA to implement the interim rates as approved. On
June 27, 2017, the PSC finally voted to implement the interim rates
as permanent.

All existing tariffs include both a base rate, designed to recover
nonfuel operating costs and capital costs, as well as the levelized
energy adjustment clause (LEAC), to recover fuel and other related
costs. Existing base rates also allow for the imposition of
periodic PSC-approved surcharges when appropriate. To stabilize the
monthly changes in the costs of fuel passed on to users the PSC
allows the application of a LEAC billing factor that is based on
projected fuel costs and is adjusted for any prior period over- or
under-recovery of actual fuel costs. The PSC currently provides for
adjustments every three months or earlier if necessary.

Earlier this year WAPA petitioned the PSC for an increase in rates
and several changes to its rate structure that are largely designed
to address the authority's lower post-hurricane electric sales. The
current proposal would effectively increase base rates by
approximately six cents/kWh and reduce amounts collected pursuant
to the LEAC by three cents/kWh. Since WAPA implemented a temporary
three cent/kWh increase in July 2019, the proposal would therefore
be neutral to ratepayers. WAPA expects to meet with the PSC
shortly, with a view toward final approval (following a period of
public notice) in January 2020. According to WAPA, the proposed
increase would provide the authority with ongoing collections from
ratepayers sufficient to meet its obligations and eliminate its
recent reliance on external grant funding and assistance loans.

Irrespective of the current rate proposal WAPA's retail rates are
extraordinarily high, limiting the authority's rate flexibility.
Average revenue per kWh has ranged between an estimated 35 and 55
cents since 2015 and has remained persistently high since the
beginning of the decade. While average rates are nearly four times
the U.S. national average, they are also considerably higher than
other U.S. territories exhibiting similar characteristics as the
USVI, including Guam. Factoring average residential usage, the
affordability of electric service on the USVI is extremely low,
accounting for an estimated 8% of household income based on
historical statistics.

Operating Risk

WAPA is hampered by an operating cost burden that is high, driven
largely by challenges of serving a territory comprised of multiple
islands including higher than normal costs for fuel, labor and
excess capacity necessary to protect against outages and ensure
reliability. Since 2014, the utility's operating cost burden has
varied widely between 35 cents and 55 cents per annum, well above
the 'bb' threshold outlined in Fitch's criteria. The
Fitch-calculated cost includes all of WAPA's operating expenses,
including fuel costs which typically account for more than half of
the total.

Fuel costs have been particularly burdensome for WAPA and the
inability to meet these charges on a timely basis is evidence of
the authority's financial strain. Trafigura Trading LLC
(Trafigura), one of WAPA's historical oil suppliers, remains owed
approximately $25 million for prior fuel deliveries. WAPA changed
fuel suppliers' midway through 2015 without satisfying amounts owed
to Trafigura. Since then, Trafigura has secured a legal judgement
confirming the amount owed by WAPA and continues to seek payment.
Fuel oil is currently supplied pursuant to a shorter-term contract
with Glencore Ltd. The contract is scheduled to expire Dec. 31,
2019, but is expected to be extended to YE 2020 shortly.

Operating Cost Flexibility

Operating cost flexibility is neutral for the authority reflecting
its continuing strategy to develop on-island capabilities to
receive and store liquid propane gas (LPG) and deploy the fuel by
converting its existing facilities and developing new, more
efficient LPG units. Historically all of the authority's generating
units were fueled by No. 2 fuel oil. The authority owns and
operates major generating facilities on the islands of St. Thomas
and St. Croix. Limited backup generation has also historically been
maintained on St. John (2.5MW), but is currently not in service.
St, John is supplied by the St. Thomas facilities and served by two
undersea cables.

The conversion to LPG began in 2013 and has largely been conducted
through an arrangement with Vitol Virgin Islands Corp. (Vitol),
whereby Vitol has managed and executed the construction of the
propane storage and processing facilities, upgraded WAPA jetty's
and marine infrastructure, and converted existing generating units
to burn LPG. All of the project costs have been paid by Vitol and,
in exchange, WAPA will purchase LPG supplies from Vitol for a
period of ten years at rates sufficient to reimburse Vitol for the
related capital costs.

While the conversion project has arguably resulted in lower
variable fuel costs for WAPA's customers, the project has resulted
in fixed costs that are significant and well above initial
estimates. The total cost of the Vitol project approximates $160
million and will require annual payments from WAPA of $31 million
power annum over the 10 year contract period. These amounts are
well above the initial $90 million estimate reflecting a series of
changes, permitting delays and the premature bidding of the
contract before all of the specifications were completed.

An increasing portion of the authority's energy supply is now being
fuel by LPG. The authority commissioned three new LPG generating
units totaling 21 MW on St. Thomas in July 2019 and has issued a
request for proposal for an additional 40 MWs of capacity on the
island. Including units currently leased on St. Croix, over time
the authority expects LPG to fuel the majority of its energy
requirements. The bulk of WAPA's remaining energy requirements will
be supplied by its legacy units burning No. 2 fuel oil. WAPA
expects to retire roughly 20 MW of legacy capacity on each of St.
Thomas and St. Croix once the LPG build out is completed.

Environmental Considerations

WAPA currently has access to 4 MW of solar power on the island of
St. Croix through a purchased power agreement. The facility resumed
operation in November 2018 following a hurricane-related outage. A
second solar facility under contract which had supplied 4.2 MW of
power on St. Thomas was destroyed by the 2017 hurricanes, but is
expected to be rebuilt in 2021 at approximately 5 MW. WAPA is not
subject to a mandatory renewable portfolio standard.

Capital Planning and Management

WAPA's capital needs and age of plant (31 years) remain elevated
despite recent investment. Capital expenditures in 2017 and 2018
were reported at $728 million reflecting the rebuild of the system
post-hurricane, most of which was funded with grants from the
Federal Emergency Management Agency (FEMA). The authority has
identified roughly $625 million of hazard mitigation projects that
include undergrounding electric facilities and installing composite
poles capable of withstanding much stronger wind gusts. However,
the timing and completion is heavily dependent on the receipt of
FEMA funding. Near term generation projects are largely limited to
the potential addition of more LPG generators, but timing and
completion will also depend heavily on the receipt of external
grant funding.

Financial Profile

WAPA's financial performance has been weak for a number of years
reflecting constrained cash flow, diminished liquidity and a
general inability to meet its obligations on a timely basis. While
the effects of hurricanes Irma and Maria dramatically impacted
financial performance, the core factors undermining performance
existed before 2017. Audited information through 2017 and unaudited
information through 2019 highlight the financial strain on the
authority. Over the period 2014-2018, WAPA reported operating
losses in each year and negative funds available for debt service
(FADS) in three of the four years. Unaudited operating performance
improved in fiscal 2019 as higher revenue driven by a recovery in
energy demand and stronger revenue collections under the LEAC
contributed to positive operating income of approximately $20
million. However, despite improved performance in 2019, coverage of
full obligations has consistently remained below 1.0x since 2014.

WAPA's leverage ratio, measured as net adjusted debt to adjusted
FADS, has remained very high in recent years, ranging from 26.8x in
fiscal 2017 (last audited information) to an estimated 13.5x in
fiscal 2019 (unaudited and excluding pension obligations). Total
debt at the authority rose considerably in fiscal 2017 from $269
million to $446 million following the recognition of capitalized
lease obligations related to the LPG arrangements with Vitol, but
continues to amortize. Debt obligations totaled $420 million at YE
2019.

Weak Liquidity

The persistent strain on WAPA's liquidity profile has been, and
continues to be, of great concern to Fitch. The authority has
always maintained very low cash balances; however, the strain on
liquidity became more acute beginning in 2016 when accounts
receivables remained very high, operating expenses went unpaid and
existing lines of credit could not be extended or increased. At
fiscal YE 2017, cash on hand was reported at $5 million (eight
days), borrowing capacity under lines of credit totaled $15 million
and access to the capital markets was extremely limited.

The effect of the 2017 storms significantly altered WAPA's
liquidity profile, but has not lessened the overall strain.
Focusing on restoration, WAPA did not bill customers from Sept. 5,
2017 through Dec. 17, 2017, and resumed billing on Dec. 18, 2017
for services provided prior to the hurricanes. Monthly customer
payments averaged $2.5 million, compared with average historical
monthly collections of approximately $16 million. WAPA utilized
FEMA Community Disaster Loans (CDL) to provide working capital to
cover key operating expenses during this period. Bills for new
service began in February 2018 covering the period from the
customer's power restoration date to the actual date of the meter
reading.

In the aftermath of the hurricanes, WAPA has been the recipient of
federal grant programs provided by FEMA and other government
agencies. Grants related to capital projects and other purposes in
fiscal years 2018 and 2019 combined totaled $674 million. Capital
grants have largely been used to repair, replace and renew
components of the system. In addition to these federal grants, WAPA
has been eligible to participate in the CDL program. These proceeds
cannot be used for debt service, but are available for operations
and essential services.

While the grant funding has supported the restoration of the system
and fundamental operation of the system, improvement in overall
liquidity profile remains elusive as unaudited figures indicate no
cash on hand at fiscal YE 2019. At Sept. 30, 2019, the authority
reported $7 million cash on hand, nearly $4 million available for
overdraft borrowing and no borrowing capacity under its working
capital line of credit.

Fitch Analytical Stress Test (FAST) Base Case and Rating Case

An evaluation of WAPA's prospective performance through Fitch's
scenario analysis using its standard assumptions has been completed
and indicates that leverage is expected to remain very high through
the forward look. However, given the acute near-term risks facing
the authority the scenario results are less of a consideration in
the rating.

Debt Profile

The authority's reliance on short and intermediate BANs results in
a weaker debt profile and introduces an asymmetric risk that is
reflected in the current rating. Outstanding debt currently
includes $103 million of long-term senior lien bonds, $86 million
of long-term subordinate lien bonds and $66 million of BANs that
mature in July 2020 and 2021. Proceeds from the initial BAN
issuance in August 2017 ($14.8 million), were used to finance new
LPG fired generating units, along with two centralized control
rooms and operation centers on the islands of St. Thomas and St.
Croix.

Debt service on the outstanding debt excluding the BANS totals
between $55 million and $65 million per annum through 2026 before
declining meaningfully to roughly $25 million in 2028. However, the
pending refinancing risk associated with the BANs remains an acute
concern and introduces elevated default risk.

Potential Debt Restructuring

Immediate concerns that a restructuring of, or default on, WAPA's
outstanding debt is probable based on comments by public officials
that loan forgiveness and financial assistance from federal
agencies should be sought as a means of addressing the utility's
weak financial profile have lessened in recent months. According to
WAPA management, there are currently no ongoing discussions related
to debt restructuring and such an initiative is not supported by
the Governor. Nonetheless, evidence that a restructuring of, or
default on, WAPA's outstanding debt is probable, including the
passage of enabling legislation or an inability to meet near-term
liquidity demands, would result in negative rating action.

Asymmetric Additional Risk Considerations

Fitch's analysis of WAPA is based on unaudited financial statements
for the fiscal years ended June 30, 2018 and June 30, 2019
presenting an asymmetric rating risk that has been reflected in the
current rating.


VIZITECH USA: Case Summary & 18 Unsecured Creditors
---------------------------------------------------
Debtor: ViziTech USA, LLC
        103 East Sumter Street
        Eatonton, GA 31024

Business Description: ViziTech USA, LLC --
                      https://www.vizitechusa.com --
                      is an education and training company
                      specializing in 3D technology, augmented
                      reality (AR), and virtual reality (VR)
                      learning programs.  The Company takes
                      complex concepts and processes, such as frog

                      dissection in the classroom or safety
                      training in the workplace, and recreate them
                      virtually for an interactive, safe learning
                      experience.  The company serves school
                      districts across the southeast, commercial
                      clients, and government clients.

Chapter 11 Petition Date: December 26, 2019

Court: United States Bankruptcy Court
       Middle District of Georgia

Case No.: 19-52416

Judge: Hon. James P. Smith

Debtor's Counsel: Matthew S. Cathey, Esq.
                  STONE & BAXTER, LLP
                  577 Mulberry Street, Suite 800
                  Macon, GA 31201
                  Tel: 478-750-9898
                  Email: mcathey@stoneandbaxter.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charles Stewart Rodeheaver, sole member
and manager.

A copy of the petition containing, among other items, a list of the
Debtor's 18 unsecured creditors is available from PacerMonitor for
free at:

                     https://is.gd/FkIabv


VSOP LLC: Court Confirms Amended Reorganization Plan
----------------------------------------------------
Judge Nancy V. Alquist of the U.S. Bankruptcy Court for the
District of Maryland has confirmed the Amended Plan of
Reorganization of VSOP LLC.

The Reorganized Debtor is authorized to execute and deliver all
documents and to take all actions necessary to consummate the Plan,
including making all payments required under the Plan.

The contracts for the sale of the North Charles Street Property and
the St. Paul Street Property are approved, the Court rules. The
assignment by the Debtor as landlord of the tenant leases for St.
Paul is also approved.

A full-text copy of the Confirmation Order is available at
https://tinyurl.com/r9qh5ek from PacerMonitor.com at no charge.

           About VSOP LLC

VSOP, LLC, based in Baltimore, MD, filed a Chapter 11 petition
(Bankr. D. Md. Case No. 19-15834) on April 30, 2019. The Hon.
Michelle M. Harner oversees the case.  In the petition signed by
Steven Rivelis, member, the Debtor estimated $1 million to $10
million in both assets and liabilities. Dennis J. Shaffer, Esq., at
Whiteford Taylor & Preston, LLP, serves as bankruptcy counsel to
the Debtor.


XENETIC BIOSCIENCES: All 4 Proposals Approved at Annual Meeting
---------------------------------------------------------------
Xenetic Biosciences, Inc., held its 2019 Annual Meeting of
Stockholders on Dec. 4, 2019, at which the stockholders:

   (1) elected Dr. Grigory Borisenko, Dr. James E. Callaway,
       Mr. Firdaus Jal Dastoor, FCS, Mr. Jeffrey Eisenberg,
       Dr. Dmitry Genkin, Dr. Roger Kornberg, Mr. Adam Logal, and
       Dr. Alexey Vinogradov as directors;

   (2) approved the ratification of the selection of Marcum LLP
       as the independent registered public accounting firm of
       the Company for its fiscal year ending Dec. 31, 2019;

   (3) approved, on a non-binding, advisory basis, the Company's
       named executive officer compensation; and

   (4) approved and adopted the Company's Amended and Restated
       Equity Incentive Plan, to, among other things, increase
       the aggregate number of shares of common stock authorized
       under the plan by 750,000 shares.

                   About Xenetic Biosciences

Lexington, Massachusetts-based Xenetic Biosciences, Inc., is a
clinical-stage biopharmaceutical company focused on the discovery,
research and development of next-generation biologic drugs and
novel orphan oncology therapeutics.  The Company recently announced
its acquisition of the XCART platform, a novel CAR T technology
engineered to target personalized, patient-specific tumor
neoantigens.  The Company plans to initially apply the XCART
technology to develop cell-based therapeutics for the treatment of
B-cell lymphomas.

Xenetic Biosciences reported a net loss of $7.30 million for the
year ended Dec. 31, 2018, compared to a net loss of $3.59 million
for the year ended Dec. 31, 2017.  As of Sept. 30, 2019, the
Company had $22.87 million in total assets, $4.61 million in total
liabilities, and $18.26 million in total stockholders' equity.

Marcum LLP, in Boston, Massachusetts, the Company's auditor since
2015, issued a "going concern" qualification in its report dated
March 29, 2019 on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has had
recurring net losses and continues to experience negative cash
flows from operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


XENETIC BIOSCIENCES: Reports Third Quarter Net Loss of $10.3-Mil.
-----------------------------------------------------------------
Xenetic Biosciences, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
applicable to common stockholders of $10.30 million for the three
months ended Sept. 30, 2019, compared to a net loss attributable to
common stockholders of $1.81 million for the three months ended
Sept. 30, 2018.

Jeffrey Eisenberg, chief executive officer of Xenetic, commented,
"The third quarter marks a pivotal moment in the evolution of
Xenetic to date.  Following the acquisition of our proprietary
XCART platform technology, we believe we have the potential to
truly advance CAR T therapy and ultimately address the significant
shortcomings that exist in the treatment of many oncology
indications.  As we look forward to the remainder of 2019 and into
2020, we continue to build momentum and ramp up our efforts to
achieve the corporate, clinical and regulatory milestones that we
believe will drive significant value for our shareholders."

For the nine months ended Sept. 30, 2019, the Company reported a
net loss applicable to common stockholders of $16.89 million
compared to a net loss applicable to common stockholders of $5.66
million for the year ended Sept. 30, 2018.

As of Sept. 30, 2019, the Company had $22.87 million in total
assets, $4.61 million in total liabilities, and $18.26 million in
total stockholders' equity.

The Company had an accumulated deficit of approximately $164.8
million at Sept. 30, 2019 as compared to an accumulated deficit of
approximately $153.2 million at Dec. 31, 2018.  Working capital was
approximately $11.2 million at Sept. 30, 2019 and $(0.4) million at
Dec. 31, 2018, respectively.  During the nine months ended Sept.
30, 2019, the Company's working capital increased by $11.6 million
due to the Offering and its March 2019 registered direct offering
resulting in $16.1 million in combined net proceeds to the Company.
This increase in working capital was partially offset by the
Company's net loss for the nine months ended Sept. 30, 2019 and
transaction costs incurred in connection with the acquisition of
the IPR&D.  The Company expects to continue incurring losses for
the foreseeable future and may need to raise additional capital or
pursue other strategic alternatives in the long-term in order to
continue the pursuit of its business plan.

The Company principal source of liquidity consists of cash.  At
Sept. 30, 2019, the Company had approximately $12.0 million in cash
and $1.7 million in current liabilities.  At Dec. 31, 2018, the
Company had approximately $0.6 million in cash and $1.6 million in
current liabilities.

Xenetic said, "We have historically relied upon sales of our equity
securities to fund our operations.  From 2005 until September 30,
2019 we have raised approximately $76.0 million in proceeds from
offerings of our common and preferred stock and received
approximately $20.0 million from revenue producing activities.
More than 90% of the milestone and sublicense revenue received to
date has been from a single collaborator, Takeda Pharmaceuticals
Co. Ltd.  We expect the majority of our funding through equity or
equity-linked instruments, debt financings, corporate
collaborations, related party funding and/or licensing agreements
to continue as a trend for the foreseeable future.

"Management evaluates whether there are conditions or events,
considered in the aggregate, that raise substantial doubt about our
ability to continue as a going concern within one year after the
date that the financial statements are issued.  We have incurred
substantial losses since our inception, and we expect to continue
to incur operating losses in the near-term.  These factors raise
substantial doubt about our ability to continue as a going concern.
We believe that we have access to capital resources through
possible public or private equity offerings, debt financings,
corporate collaborations, related party funding, or other means to
continue as a going concern.  On March 7, 2019, we closed on a $3.1
million registered direct common stock offering resulting in $2.7
million of net proceeds to us.  On July 19, 2019, we completed the
Offering resulting in approximately $13.4 million of net proceeds
to us.  We believe that these financings, coupled with our existing
resources, will be adequate to fund our operations as a going
concern.  However, we anticipate we may need additional capital in
the long-term to pursue our business initiatives and continue as a
going concern."

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

                       https://is.gd/iqLe6O

                    About Xenetic Biosciences

Lexington, Massachusetts-based Xenetic Biosciences, Inc., is a
clinical-stage biopharmaceutical company focused on the discovery,
research and development of next-generation biologic drugs and
novel orphan oncology therapeutics.  The Company recently announced
its acquisition of the XCART platform, a novel CAR T technology
engineered to target personalized, patient-specific tumor
neoantigens.  The Company plans to initially apply the XCART
technology to develop cell-based therapeutics for the treatment of
B-cell lymphomas.

Xenetic Biosciences reported a net loss of $7.30 million for the
year ended Dec. 31, 2018, compared to a net loss of $3.59 million
for the year ended Dec. 31, 2017.  As of June 30, 2019, the Company
had $15.63 million in total assets, $5.24 million in total
liabilities, and $10.39 million in total stockholders' equity.

Marcum LLP, in Boston, Massachusetts, the Company's auditor since
2015, issued a "going concern" qualification in its report dated
March 29, 2019 on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has had
recurring net losses and continues to experience negative cash
flows from operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


[^] BOOK REVIEW: BIG BOARD: A History of the New York Stock Market
------------------------------------------------------------------
Author: Robert Sobel
Publisher: Beard Books
Soft cover: 395 pages
List Price: $34.95

Order your personal copy today at
https://ecommerce.beardbooks.com/beardbooks/the_big_board.html

First published in 1965, The Big Board was the first history of the
New York stock market.  It's a story of people: their foibles and
strengths, earnestness and avarice, triumphs and crash-and-burns.
It's full of entertaining anecdotes, cocktail-party trivia, and
tales of love and hate between companies and investors.

Early investments in North America consisted almost exclusively of
land.  The few securities holders lived in cities, where informal
markets grew, with most trading carried out in the street and in
coffeehouses.  Banking, insurance, and manufacturing activity
increased only after the Revolution.  In 1792, 24 prominent New
York businessmen, for whom stock- and bond-trading was only a side
business, met under a buttonwood tree on Wall Street and agreed to
trade securities on a common commission basis.  Five securities
were traded: three government bonds and two bank stocks. Trading
was carried out at the Tontine Coffee-House in a call market, with
the president reading out a list of stocks as brokers traded each
in turn.

The first half of the 19th century was heady for security trading
in New York.  In 1817, the Tontine gave way to the New York Stock
and Exchange Board, with a more organized and regulated system.
Canal mania, which peaked in the late 1820s, attracted European
funds to New York and volume soared to 100 shares a day.  Soon, the
railroads competed with canals for funding. In the frenzy, reckless
investors bought shares in "sheer fabrications of imaginative and
dishonest men," leading an economist of the day to lament that
"every monied corporation is prima facia injurious to the national
wealth, and ought to be looked upon by those who have no money with
jealousy and suspicion."

Colorful figures of Wall Street included Jay Gould and Jim Fisk,
who in 1869 precipitated one of the worst panics in American
financial history by trying to corner the gold market.  Almost
lynched, the two were hauled into court, where Fisk whined, "A
fellow can't have a little innocent fun without everybody raising a
halloo and going wild."  Then there was Jay Cooke, who invented the
national bond drive and, practically unaided, financed the Union
effort in the Civil War.  In 1873, however, faulty judgement on
railroad investments led to the failure of Cooke & Co. and a panic
on Wall Street. The NYSE closed for ten days.  A journalist wrote:
"An hour before its doors were closed, the Bank of England was not
more trusted."

Despite J. P. Morgan's virtual single-handed role in stemming the
Knickerbocker Trust panic of 1907, on his death in 1913, someone
wrote "We verily believe that J. Pierpont Morgan has done more harm
in the world than any man who ever lived in it." In the 1950s,
Charles Merrill was instrumental in changing this attitude toward
Wall Streeters.  His firm, Merrill Lynch, derisively known in some
quarters as "We, the People" and "The Thundering Herd," brought
Wall Street to small investors, traditionally not worth the effort
for brokers.

The Big Board closes with this story.  Asked by a much younger man
what he thought stocks would do next, J.P. Morgan "never hesitated
for a moment.  He transfixed the neophyte with his sharp glance and
replied 'They will fluctuate, young man, they will fluctuate.'  And
so they will."

Robert Sobel died in 1999 at the age of 68.  A professor at Hofstra
University for 43 years, he was a prolific historian of American
business, writing or editing more than 50 books.



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***