/raid1/www/Hosts/bankrupt/TCR_Public/191230.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, December 30, 2019, Vol. 23, No. 363

                            Headlines

1100 STATE STREET: Creditors to Receive Monthly Payments in Plan
1100 STATE STREET: Jan. 23, 2020 Disclosure Statement Hearing Set
2736 CHAMPA: Jan. 27, 2020 Disclosure Statement Hearing Set
344 SOUTH STREET: Unsecureds to Recover 25% in Plan
A.L.L. INT'L: Unsecureds to be Paid in Full With Interest

ABILITY INC: Stock Trading Suspended on Nasdaq
ACCURIDE CORP: S&P Lowers ICR to 'CCC+'; Outlook Negative
ADAMIS PHARMACEUTICALS: Requests Type A Meeting with FDA
ADVENTURE FITNESS: Unsecureds to Have 5% Recovery Over 5 Years
AHERN RENTALS: S&P Alters Outlook to Negative, Affirms 'B' ICR

AI CAUSA: UST Wants Info of Unsecured Claims in Class
ALBERT EINSTEIN ACADEMIES: S&P Hikes Revenue Bond Rating to 'BB'
ALL LINES EXPRESS: Hires Stewart Law Firm as Counsel
APERGY CORP: S&P Puts 'BB-' ICR on CreditWatch Positive
ARIA ENERGY: S&P Alters Outlook to Negative, Affirms B+ ICR

ARSENAL RESOURCES: Seeks to Hire Ordinary Course Professionals
ASPEN PACIFIC: Seeks to Hire Kutner Brinen as Attorney
ASTORIA ENERGY: S&P Affirms 'BB-' Senior Secured Debt Rating
AVALIGN HOLDINGS: S&P Affirms 'B-' ICR, Alters Outlook to Negative
AVEANNA HEALTHCARE: Moody's Reviews B3 CFR for Downgrade

AVINGER INC: Declares Dividend on Series A Preferred Stock
AYTU BIOSCIENCE: Files Form S-4 Related to Innovus Acquisition
BALATON, MN: S&P Cuts GO Debt Rating to 'BB+'; Outlook Negative
BARTLETT TRAYNOR: Jan. 14 Hearing on Disclosure Statement Set
BEAVER FALLS, PA: S&P Lowers 2017 GO Debt Ratings to 'BB+'

BODY SHAPES: Case Summary & 20 Largest Unsecured Creditors
BREAD & BUTTER: Second Interim Cash Collateral Order Entered
BUILDING 1600: Trustee of Menser Estate Objects to Plan
BULA WORLD: To Seek Plan Confirmation on Jan. 28
C2 PLUMBING: Hires Michael Jay Berger as Attorney

CAH ACQUISITION 3: CBSG Objects to Liquidating Plan
CARBUCKS OF CAROLINA: Plan & Disclosures Hearing on Jan. 29
CHARLENE CORP: Unsec. Creditors to Recover 100% Under Plan
CINCINNATI BELL: S&P Puts 'B' ICR on Watch Neg. on Brookfield Deal
CLOUD PEAK: CFO Files Declaration In Support of Plan

COGECO COMMUNICATIONS: DBRS Confirms BB(high) Issuer Rating
COMER ENTERPRISES: Exclusivity Period Extended to Jan. 15
CONCRETE GUYS: Seeks to Hire Peter C. Nabhani as Counsel
CONN'S INC: S&P Alters Outlook to Stable, Affirms 'B' ICR
CORT & MEDAS: Rosewood to Sell the Properties to Fund Plan

CP#1109 LLC: Jan. 23 Plan Confirmation Hearing Set
DAH UNIVERSITY: Wins Confirmation of Reorganization Plan
DASA ENTERPRISES: Girod Says 30-Year Plan Not Confirmable
DASA ENTERPRISES: US Trustee Says Plan Not Feasible
DIGIPATH INC: Dr. Cindy Orser Resigns from All Positions

DIGNITY GROUP: Guel Buying Dallas Home for $165K
DIGNITY GROUP: Proposes Sale of Dallas Home for $174K
DIJA HOLDINGS: Plan Payments to be Funded by Property Sale Proceeds
DK ENTERPRISES: Allowed to Use Cash Collateral on Final Basis
DMT SOLUTIONS: S&P Alters Outlook to Negative, Affirms 'B-' ICR

DUCOMMUN INC: S&P Rates New $140MM Term Loan A Due 2024 'BB-'
DURR MECHANICAL: All Trades Buying Two Ford Vehicles for $27.5K
DYNALYST CORPORATION: Seeks Authorization to Use Cash Collateral
EAST END BUS: Starlight Says Plan Should Include Settlement
EKSO BIONICS: Posts Third Quarter Net Income of $206K

EL CANO: Triangle Cayman Says Disclosures Not Updated
EL PATIO BBQ: Plan Outline Conditionally OK'd, Jan. 8 Hearing Set
EL PATIO BBQ: Unsecureds Owed $86K to Get $1K in Plan
ELWOOD ENERGY: S&P Affirms 'BB+' Senior Secured Debt Rating
EMPORIA PROPERTY: Committee Hires Sandberg Phoenix as Counsel

ESSEX REAL ESTATE: Voluntary Chapter 11 Case Summary
EXTRACTION OIL: S&P Lowers ICR to 'B-' on Liquidity Concerns
FIZZ & BUBBLE: May Continue Cash Collateral Use Until Dec. 30
FORMING MACHINING: S&P Puts 'B' ICR on CreditWatch Negative
FOX VALLEY PRO: Seeks to Extend Exclusivity Period to Feb. 28

FRISELLA DESIGN: Given Until Feb. 11 to File Reorganization Plan
G.D.S. EXPRESS: Case Summary & 20 Largest Unsecured Creditors
G.D.S. EXPRESS: Trucking Business Pursues Orderly Liquidation
GAMESTOP CORP: S&P Lowers ICR to 'B+' on Performance Uncertainty
GET HOOKED: Plan & Disclosure Statement Hearing Set for Jan. 10

GMP CAPITAL: DBRS Maintains Pfd-4 Rating on Cumulative Shares
GREEN GLOBAL: Unsecureds to Get Full Payment Over 18 Months
GULF FINANCE: S&P Downgrades ICR to CCC+ on Unsustainable Capital
H&L COHEN: Seeks to Hire Kutner Brinen as Attorney
HAMILTONS 549 LLC: Seeks to Extend Solicitation Period to March 16

HELIX GEN: S&P Alters Outlook to Negative, Affirms 'BB- ' ICR
HORIZON COMMUNITY LEARNING CENTER: S&P Alters Outlook to Negative
HORIZON GLOBAL: Atlas Capital Has 9.7% Stake as of Dec. 20
HOSPITAL ACQUISITION: Jan. 15, 2020 Plan & Disclosure Hearing Set
I-LOGIC TECHNOLOGIES: S&P Alters Outlook to Stable, Affirms B ICR

IDEANOMICS INC: Completes 1st Closing of YA II PN Purchase Deal
INDUSTRIAL PIPING: Wants Jan. 30, 2020 to File Plan & Disclosures
INNERGEX RENEWABLE: S&P Puts 'BB' Issue-Level Ratings on Watch Neg.
INPIXON: Chicago Ventures Agrees to Swap $525,000 Note for Equity
INTEGRO GROUP: S&P Raises ICR to 'B'; Ratings Off Watch Positive

INTERIOR LOGIC: S&P Alters Outlook to Stable, Affirms 'B' ICR
IRI HOLDINGS: S&P Affirms 'B-' ICR; Outlook Negative
ISTAR INC: S&P Raises ICR to BB on Reduced Leverage; Outlook Stable
JAGUAR HEALTH: Will Raise $1.5 Million in Private Placement
KATHLEEN CAMPBELL: Selling Two Jeffersonville Properties

KHAN AVIATION: Trustee Selling Cessna Aircraft to GLC for $265K
KOI DESIGN: Marron Lawyers Reserve Rights Under Plan
KP ENGINEERING: Seeks to Extend Exclusivity Period to Feb. 21
KRUGER PRODUCTS: DBRS Confirms BB Issuer Rating, Trend Stable
LEGALZOOM.COM INC: S&P Affirms 'B-' ICR; Outlook Positive

LIVEXLIVE MEDIA: Increases CSO's Annual Salary to $300K
LUMENTUM HOLDINGS: S&P Affirms 'BB-' ICR; Outlook Stable
MAIREC PRECIOUS: U.S. Trustee Objects to Disclosure Statement
MARTIN MIDSTREAM: S&P Lowers ICR to 'B-'; Outlook Developing
MARYMOUNT UNIVERSITY: S&P Affirms 'BB+' Rating on Revenue Bonds

MATCH GROUP: S&P Puts 'BB' ICR on Watch Negative
MELINTA THERAPEUTICS: Case Summary & 30 Top Unsecured Creditors
MELINTA THERAPEUTICS: Files for Chapter 11 with Deerfield Deal
MELINTA THERAPEUTICS: Readies Key Employee Incentive Plan
MELINTA THERAPEUTICS: To End Baxdela Marketing & Sales in U.S.

MICRO HOLDING: S&P Affirms 'B' ICR on Revised EBITDA Calculation
MISHTI HOLDINGS: Sets Bid Procedures for Substantially All Assets
MLAC CASTLE ATLANTA: Seeks to Hire Scott B. Riddle as Legal Counsel
MR. CAMPER: May Continue Using Apex Bank Cash Collateral
NAJEEB KHAN: Sets Sale/Abandonment Procedures for Misc. Assets

NATGASOLINE LLC: S&P Affirms 'BB-' Senior Secured Debt Rating
NATIONAL JEWISH HEALTH: S&P Affirms 'BB+' Rating on 2012 Bonds
NEW PHOENIX: Proposes to Sell Assets to Athens Real Estate
NEW WAY TRANSPORT: Fla. Utility Wants Info on Current Operations
NEW WAY TRANSPORT: Unsecureds to Get Full Payment Over 10 Years

NN INC: S&P Affirms 'B' ICR; Ratings Off Watch Negative
NOS INC: Gets Authorization to Use BFC Cash Collateral
PARK MONROE: Sale Proceeds to Pay All Claims in Full
PATRICIAN HOTEL: Seeks to Hire Slatkin & Reynolds as Counsel
PLATTSBURGH MEDICAL: Unsecureds' Recovery Hiked to 15%

POWER SOLUTIONS: Appoints Hong He as Director
POWER SOLUTIONS: Incurs $54.7 Million Net Loss in 2018
PREMIER ON 5TH: Case Summary & 4 Unsecured Creditors
REMNANT OIL: Exclusivity Period Extended Until Jan. 12
RICHARDSON ACQUISITIONS: Jan. 27 Plan & Disclosures Hearing Set

RITCHIE BROS: S&P Upgrades ICR to 'BB+' on Lower Financial Risk
RITE AID: S&P Raises Senior Unsecured Note Rating to 'CCC-'
ROC-IT DRYWALL: Plan to Pay Unsecureds 10% Over 60 Months
ROSEMAN UNIVERSITY: S&P Assigns 'BB' Rating to $82.6MM 2020 Bonds
RPX CORP: S&P Raises Secured Issue-Level Rating to BB-

RUBY'S DINNER: Plan Now Has Support of Major Constituencies
S & G MACHINE: Unsecureds Get 100% With Interest in 72 Months
SAN JOAQUIN AIDS: Voluntary Chapter 11 Case Summary
SCOOBEEZ INC: Cash Collateral Use Until March 6 Approved
SCRIBEAMERICA INTERMEDIATE: S&P Affirms 'B' ICR; Outlook Stable

SELECTA BIOSCIENCES: Raises $70 Million in Securities Offering
SGM FOODS: Unsecureds Creditors to Get 10% in 60 Months in Plan
SINTX TECHNOLOGIES: Reports 3rd Quarter Net Loss of $1.8 Million
SKIP LLC: Hires W. Steven Shumway as Attorney
SOLARWINDS HOLDINGS: S&P Upgrades ICR to 'B+' on Improved Leverage

SOUTHERN FOODS: Selling Non-Core Discrete Assets for $18.4M
STAPLES INC: S&P Alters Outlook to Negative, Affirms 'B+' ICR
STARZ ACQUISITION: Final Cash Collateral Order Entered
STWC HOLDINGS: Incurs $638,000 Net Loss for Quarter Ended Oct. 31
SVC: Chapter 11 Trustee Objects to Disclosure Statement

TARONIS TECHNOLOGIES: Signs Exchange Agreements with Investors
TARRANT COUNTY SENIOR: Allowed to Use Cash Collateral Until Feb. 29
TERRA MILLENNIUM: S&P Affirms 'B' ICR, Alters Outlook to Negative
TNR HOLDINGS: Seeks to Hire E.C. Otillio as Accountant
TRIUMPH GROUP: Moody's Reviews Caa1 CFR for Downgrade

U.S. FINANCIAL: Trustee Hires Cohen Baldinger as Attorney
UNITED BANCSHARES: Late 10-K Shows $25K Net Income in 2016
VIANT MEDICAL: S&P Affirms 'B-' ICR on Refinancing Transaction
WALKER INVESTMENT: Seeks Authorization to Use Cash Collateral
WHITE STAR: Blue Mtn Buying De Minimis Assets for $112.4K

WP CPP HOLDINGS: Moody's Reviews B3 CFR for Downgrade
XPERI CORP: S&P Puts 'BB-' ICR on Watch Developing on TiVo Deal
ZENITH MANAGEMENT: Plan to be Funded by Property Sale Proceeds
[^] BOND PRICING: For the Week from Dec. 23 to 27, 2019

                            *********

1100 STATE STREET: Creditors to Receive Monthly Payments in Plan
----------------------------------------------------------------
1100 State Street LLC submitted a Modified Chapter 11 Plan of
Reorganization that contemplates that continued operation of the
Debtor by current owner
Tyrone Pitts.

According to the Modified Disclosure Statement, the Plan treats
claims and interests as follows:

  * Class 2 City of Camden.  IMPAIRED.  Amended Claim No. 3-1:
$54,375.80. To be paid in accordance with amortization schedules
attached to Proof of Claim in monthly payments of $818.31 and
$87.94 until paid in full.

  * Class 3 City of Camden.  IMPAIRED.  Claim No. 3: $7,573.80.  To
be paid in accordance with amortization schedule attached to Proof
of Claim in monthly payments of $126.33 until paid in full.

  * Class 4 City of Camden.  IMPAIRED.  Claim No. 5: $9,114.60.  To
be paid in accordance with amortization schedules attached to Proof
of Claim in monthly payments of $50.14 and $101.77 until paid in
full.

  * Class 5 City of Camden.  IMPAIRED.  Claim No. 6 : $54,375.00.
To be paid in accordance with amortization schedules attached to
Proof of Claim in monthly payments of $818.31 and $87.94 until paid
in full.

  * Class 6 PNC Bank, N.A.  IMPAIRED.  Claim No. 7: $560,045.23.
The Debtor shall pay the sum of $295,000 to the Class 6 creditor,
PNC Bank, within 90 days of the date of Plan confirmation as
payment in full of PNC's claim.  Upon the payment of such sum, PNC
Bank will satisfy its obligation, including its Foreclosure
Judgment, and will release Tyrone Pitts, the sole member of the
Debtor LLC, from any liability.  If the Debtor pays the sum of
$295,000 to PNC Bank within 90 days and then the Debtor sells the
property that it owns for a sum in excess of all outstanding real
estate taxes as of the date of confirmation and $295,000 within
three years of the date of payment of said $295,000 then any
proceeds of sale in excess of the outstanding real estate taxes at
the time of confirmation and $295,000 will be paid to PNC Bank.
The Debtor will continue to pay to PNC Bank the sum of $4,500 per
month until Plan confirmation and continue to pay $4,500 per month
post-Plan confirmation until the Debtor pays $295,000 to PNC Bank.
If the Debtor does not pay the $295,000 sum aforesaid within 90
days of the date of confirmation, then the Debtor shall make 60
months payments post-confirmation of $4,500 at 5.1% per annum from
the date of confirmation.  Said balloon payment shall be in the
amount of $273,584.55 based upon the amortization schedule.

  * Class 7 General Unsecured Claims.  UNIMPAIRED.  There are no
unsecured claims.  The Debtor has tentatively reached a consensual
agreement with Epiphany Fellowship of Camden, Inc., to exchange
mutual releases and to terminate tenancy.

  * Class 8 Interests.  Tyrone Pitts will retain his ownership
interests.

A full-text copy of the Modified Disclosure Statement dated Dec. 2,
2019, is available at https://tinyurl.com/rxppat2 from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     David A. Kasen
     KASEN & KASEN, P.C.
     Society Hill Office Park, Suite #3
     1874 E. Marlton Pike
     Cherry Hill, NJ 08034
     Tel: (856) 424-4144
     Fax: (856) 424-7565
     E-mail: dkasen@kasenlaw.com

                    About 1100 State Street

1100 State Street, LLC, owns real estate commonly known as 1100
State Street,  Camden, New Jersey.  There is one building which is
leased to six tenants.  
The principal of the business is Tyrone Pitts, who is the sole
member.

1100 State Street sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 19-15567) on March 19,
2019.  The case is assigned to Judge Andrew B. Altenburg Jr.  Kasen
& Kasen, P.C., is the Debtor's counsel.


1100 STATE STREET: Jan. 23, 2020 Disclosure Statement Hearing Set
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey will
convene a hearing on January 23, 2020, at 10:00 a.m. to consider
adequacy of the Plan and Disclosure Statement filed by David Kasen
as attorney for Debtor 100 State Street LLC.

A full-text copy of the Order is available at
https://tinyurl.com/vae7zdp from PacerMonitor.com at no charge.

            About 1100 State Street

1100 State Street, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 19-15567) on March 19,
2019. The case is assigned to Judge Andrew B. Altenburg Jr.  Kasen
& Kasen, P.C., is the Debtor's counsel.


2736 CHAMPA: Jan. 27, 2020 Disclosure Statement Hearing Set
-----------------------------------------------------------
On Dec. 4, 2019, Debtor 2736 Champa, LLC, filed with the U.S.
Bankruptcy Court for the District of Colorado a disclosure
statement and chapter 11 plan of reorganization.  On Dec. 5, 2019,
Judge Elizabeth E. Brown ordered that:

  * Jan. 27, 2020, at 10:00 a.m. in Courtroom F, United States
Bankruptcy Court for the District of Colorado, United States Custom
House, 721 19th Street, Denver, Colorado is the hearing to consider
the adequacy of and to approve the Disclosure Statement.

  * Objections to the Disclosure Statement shall be filed and
served in the manner specified in Fed. R. Bankr. P. 3017(a), not
less than 14 days prior to the date of said hearing.

  * The Plan Proponent shall also file with the Court, at least 14
days prior to the said hearing, a certificate of mailing of said
Notice, Plan, and Disclosure Statement as ordered.

A full-text copy of the Order is available at
https://tinyurl.com/wxqe95x from PacerMonitor.com at no charge.

                       About 2736 Champa

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 was estimated to have
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.


344 SOUTH STREET: Unsecureds to Recover 25% in Plan
---------------------------------------------------
344 South Street Corporation says its operations postpetition are
profitable and all taxing authorities, vendors and employees have
been paid on a timely basis.  

The Debtor has accumulated approximately $60,000 in cash through
the end of August 2019 (after paying $50,000 to the IRS); attached
see the monthly operating reports and Debtor in Possession bank
account balance.  The Debtor projects to maintain this cash flow
through the month of November and then the next four months,
December 2019, January, February and March 2020 will have a cash
flow of approximately $5,000.  The annual cash flow is estimated to
be $15,000 each month.

The Plan proposes to treat claims as follows:

   * Class 1.  Tax Claim of the Commonwealth of PA UCTS.  The
Commonwealth of PA UCTS, Claim 1 has filed a claim with amounts set
forth as 25,995.78 secured and $14,459.06 as a priority claim.  The
Department of labor and Industry shall be paid as follow: An
initial disbursement of $20,368.96 at the time the Plan is approved
and shall be the total payment of the secured claim. The priority
payment will be paid in CLASS 5.

   * Class 4.  Claim 4, City of Philadelphia, Law Department Tax
Unit. IMPAIRED.  Class 4, City of Philadelphia, Law Department Tax
Unit filed Claim 4, listing $400,791.48 as priority taxes and
$33,809.58 as unsecured taxes. The Plan shall pay the priority tax
debt in equal monthly installments of $6,000.00 over 40 months,
amortizing the debt to be paid at 4%

   * CLASS 5.  Tax Claim of the Commonwealth of PA UCTS. IMPAIRED.
The Plan will pay $200.00 a month for 36 months as full and final
payment of this priority claim.  An estimated amount has been
claimed for the 4th Quarter of 2018; the Debtor is providing
information to resolve this issue.

   * CLASS 6. UNSECURED CLAIMS. IMPAIRED.

       a. Unsecured claim of $13,105.35 filed by Gold Medal
Environmental. This claim will be at a 25% rate, in two equal
installments: The first payment will occur immediately after the
Plan is accepted and the second payment will be made 7 months
later.

       b. Unsecured portion of City of Philadelphia's claim.  The
unsecured portion of the City of Philadelphia's shall be paid at a
25% rate, $33809.58 is paid $8,453.00. This amount shall be paid in
two equal installments: The first payment will occur immediately
after the Plan is accepted and the second payment will be made 7
months later.

A full-text copy of the First Amended Disclosure Statement dated
December 2, 2019, is available at https://tinyurl.com/qnkux9a from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Michael P. Kutzer
     1420 Walnut Street, suite 1216
     Philadelphia, PA 19102
     Tel: 215-687-6370
     Fax: 215-689-1959

                     About 344 South Street

344 South Street Corp. has operated as a restaurant, serving
Spanish and Mexican cuisine in Philadelphia's South Street
District.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Penn. Case No. 15-18278) on Nov. 17, 2015, and is
represented by Raheem S. Watson, Esq., at Watson LLC, in
Philadelphia, Pennsylvania.

At the time of the filing, the Debtor was estimated assets and
liabilities below $500,000.


A.L.L. INT'L: Unsecureds to be Paid in Full With Interest
---------------------------------------------------------
A.L.L. International, LLC, owner of the Marks Street Apartments in
El Paso, Texas, filed a Chapter 11 plan of reorganization that
contemplates its continued operation of its apartment complex

The primary means for paying creditors involve: (i) increasing
income by leasing the remaining vacant spaces in the Apartment
Complex to create additional sources of revenue; (ii) decreasing
expenses by improving operations; and (iii) marketing the Apartment
Complex units for lease.

The Plan treats claims as follows:

  * Class 4 Claims - Ramon Hernandez and Gabriela Hernandez.
IMPAIRED.  The Allowed Class 4 Claims will be paid in full, as
follows: (1) the balance of the Allowed Claims will be paid in
full, with interest at 1.875% per year, in equal monthly
installments sufficient to fully amortize the balance of each of
those Claims over a period beginning on the Effective Date and
ending on Feb. 1, 2050.

  * Class 5 Claims - Unsecured Creditors.  IMPAIRED.  The allowed
Class 5 Claims will be paid in full, with interest at 1.875% per
year, in equal quarterly installments sufficient to fully amortize
the balance of each of those Claims over a period beginning on the
Effective Date and ending on Feb. 1, 2025.

  * Class 6 Interests - Allowed Equity Interests in the Debtors.
IMPAIRED.  The Interests held by the equity interest holders of the
Debtors shall be maintained in exchange for the Ms. De La Canal's
contributions as described in the plan, which are estimated at
$60,000.

A full-text copy of the Disclosure Statement dated Dec. 2, 2019, is
available at https://tinyurl.com/t34zja3 from PacerMonitor.com at
no charge.

Attorneys for the Debtor:

     Ron Satija
     HAJJAR PETERS LLP
     3144 Bee Caves Rd
     Austin, Texas 78746
     Tel: (512) 637.4956
     Fax: (512) 637.4958
     E-mail: rsatija@legalstrategy.com

                 About A.L.L. International

A.L.L. International owns two 4-plex Apartment community located at
8931 Marks St. and 8935 Marks St. El Paso, Texas 79904, known as
the Marks Street Apartments.  

A.L.L. International filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 19-11182) on Sept. 3, 2019, estimating under $1
million in assets and liabilities.  The H. Christopher Mott is the
presiding judge.  Ron Satija, Esq., at Hajjar Peters, LLP, is the
Debtor's counsel.


ABILITY INC: Stock Trading Suspended on Nasdaq
----------------------------------------------
The Nasdaq Stock Market LLC informed Ability Inc. on Dec. 26, 2019,
that the suspension of trading in the shares of the Company will go
into effect on Dec. 27, 2019.

On Dec. 23, 2019, Ability received a letter from the hearings panel
of Nasdaq informing the Company that the Panel has determined to
delist the Company's ordinary shares from the Nasdaq and will
suspend trading in the shares effective at the open of business on
Dec. 26, 2019.

On Nov. 6, 2019, Nasdaq informed the Company that it did not meet
Nasdaq Listing Rule 5550(b) for continued listing on the Nasdaq
Capital Market, which requires the Company to have a minimum of
$2,500,000 in stockholders' equity or market value of listed
securities of $35 million or net income from continuing operations
of $500,000 in the most recently completed fiscal year or two of
the last three most recently completed fiscal years.

The Company requested a hearing, which was held on Dec. 12, 2019,
at which the Company presented a plan of compliance and requested a
further extension of time, but the Panel determined not to accept
the Company's request.

Nasdaq has informed the Company that it will file a Form 25
(Notification of Removal from Listing) with the Securities and
Exchange Commission after applicable appeal periods have lapsed to
notify the SEC of the delisting of the Company's ordinary shares.

The Company's ordinary shares will continue to be listed on the Tel
Aviv Stock Exchange.  The Company expects that its ordinary shares
will be quoted on the OTC Pink Open Market, operated by OTC Markets
Group, a centralized electronic quotation service for
over-the-counter securities.

                        About Ability Inc.

Ability Inc. is the sole owner of ACSI and Ability Security Systems
Ltd.  Headquartered in Tel Aviv, Israel, ACSI was founded in 1994,
offering and providing advanced interception, geolocation for
cellular and satellite communication and cyber intelligence tools
used worldwide by Security and Intelligence Agencies, Military
forces, Law Enforcement Agencies and Homeland Security Agencies.
ACSI offers a broad range of lawful interception, decryption, cyber
and geolocation solutions for cellular and satellite
communication.

Ability reported a net and comprehensive loss of $10.19 million in
2018, a net and comprehensive loss of $9.11 million in 2017, and a
net and comprehensive loss of $8.05 million in 2016.

Ziv Haft, in Tel Aviv, Israel, a BDO Member Firm, the Company's
auditor since 2015, issued a "going concern" qualification in its
report dated April 24, 2019, on the consolidated financial
statements for the year ended Dec. 31, 2019, citing that the
Company has an accumulated deficit, suffered recurring losses and
has negative operating cash flow.  Additionally, the Company is
under an investigation of the Israeli Ministry of Defense, which
ordered a suspension of certain export licenses.  These matters,
along with other reasons, raise substantial doubt about the
Company's ability to continue as a going concern.


ACCURIDE CORP: S&P Lowers ICR to 'CCC+'; Outlook Negative
---------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Accuride
Corp. to 'CCC+' from 'B-' and its ratings on the company's term
loan to 'CCC+' from 'B-'. The recovery ratings are unchanged at
'3', indicating S&P's expectation of 50%-70% recovery (rounded
estimate: 50%) in the event of default.

The rating agency also revised its liquidity assessment to weak
from adequate.

Despite improvements in free cash flow earlier this year, S&P now
believes free operating cash flow (FOCF) will remain negative in
2020.  S&P anticipates the company's 2019 revenues and earnings
will be weaker than previously assumed. The company has completed
some restructuring actions related to its Europe and Asia business,
and S&P assumes the company continues to incur expenses related to
these initiatives to improve the cost structure of that business.
In the Europe and Asia segment, about a year ago the company lost
customer volumes stemming from the financial distress of mefro
wheels GmbH (Mefro Wheels), which Accuride acquired in 2018, after
the antitrust approval process took longer than anticipated. In its
North America wheel-ends aftermarket business, it is taking longer
than expected for Accuride to regain market share, following supply
constraints in that business in 2018, although they were resolved
later that year. S&P assumes 2020 FOCF will remain negative with
North America Class 8 commercial vehicle production down
meaningfully from 2019, along with a 2020 decline in heavy duty and
medium-duty commercial vehicle builds in Europe. However, the
rating agency assumes the impact to free cash flow will be somewhat
offset by a drop in raw material costs for steel wheels in North
America, a decline in aluminum costs after considering the
company's hedges, as well as a decrease in Accuride's capital
expenditures in North America next year.

The negative outlook reflects S&P's expectation that FOCF will
remain negative in 2020. Although the company's financial
commitments appear unsustainable in the long term, S&P does not
assume a near-term credit or payment crisis thanks to the company's
longer-dated debt maturities.

"We could lower our ratings on Accuride if the company is likely to
default within the next 12 months, without an unforeseen positive
development. This could occur through a near-term liquidity crisis,
violation of financial covenants, or a distressed exchange offer,"
S&P said, adding that it could also lower the ratings if the
company does not complete its sale-leaseback transactions in a
timely manner, receives an equity infusion from its sponsor owners,
or incurs greater than expected cash outflows from its
restructuring activities.

"We could revise the outlook to stable during the next 12 months if
the company improves its liquidity position, with covenant headroom
of at least 15% over the next year, and the company's business and
cash flow improvements help avoid future covenant and liquidity
tightness," the rating agency said.


ADAMIS PHARMACEUTICALS: Requests Type A Meeting with FDA
--------------------------------------------------------
Adamis Pharmaceuticals Corporation provided an update on the ZIMHI
New Drug Application resubmission process.

On Nov. 22, 2019, the Company received a Complete Response Letter
(CRL) from the U.S. Food and Drug Administration (FDA) regarding
its NDA for Adamis' ZIMHI high-dose naloxone injection product for
the treatment of opioid overdose.  The Company has provided
responses to the comments included in the CRL and submitted these
answers to the FDA this week.  With the responses, the company
requested a Type A meeting with the agency and is currently waiting
for the FDA to respond to this request.  The next update from the
company on the ZIMHI NDA resubmission process will be sometime
after the FDA meeting occurs.  At that time, the Company would
expect to have more information regarding the timeline for the full
resubmission of the NDA back to the FDA.

                            About ZIMHI

ZIMHI is a high-dose naloxone injection product candidate intended
for the treatment of opioid overdose.  Naloxone is an opioid
antagonist and is generally considered the drug of choice for
immediate administration for opioid overdose.  It works by blocking
or reversing the effects of the opioid, including extreme
drowsiness, slowed breathing, or loss of consciousness. Common
opioids include morphine, heroin, tramadol, oxycodone, hydrocodone
and fentanyl.  According to statistics published by the Centers for
Disease Control and Prevention (CDC) in 2017, drug overdoses
resulted in approximately 72,000 deaths in the United States –
greater than 195 deaths per day.  Drug overdoses are now the
leading cause of death for Americans under 50, and more powerful
synthetic opioids, like fentanyl and its analogues, are responsible
for the largest number of deaths from opioid overdoses.

                          About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation
(OTCQB:ADMP) -- http://www.adamispharmaceuticals.com/-- is a
specialty biopharmaceutical company primarily focused on developing
and commercializing products in various therapeutic areas,
including respiratory disease and allergy.  The Company's Symjepi
(epinephrine) Injections 0.3mg and 0.15mg were approved for use in
the emergency treatment of acute allergic reactions, including
anaphylaxis.  Adamis recently announced a distribution and
commercialization agreement with Sandoz, a division of Novartis
Group, to market Symjepi in the U.S.  Adamis is developing
additional products, including the company's ZIMHI naloxone
injection product candidate for the treatment of opioid overdose,
and a metered dose inhaler and dry powder inhaler product
candidates for the treatment of asthma and COPD.  The company's
subsidiary, U.S. Compounding, Inc., compounds sterile prescription
drugs and certain nonsterile drugs for human and veterinary use, to
patients, physician clinics, hospitals, surgery centers and other
clients throughout most of the United States.

Adamis incurred a net loss of $39 million in 2018, following a net
loss of $25.53 million in 2017.  As of Sept. 30, 2019, the Company
had $52.84 million in total assets, $12.54 million in total
liabilities, and total stockholders' equity of $40.30 million.

Mayer Hoffman McCann P.C., in San Diego, California, the Company's
auditor since 2007, issued a "going concern" qualification in its
report on the Company's consolidated financial statements for the
year ended Dec. 31, 2018.  The auditors noted that the Company has
incurred recurring losses from operations, and is dependent on
additional financing to fund operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


ADVENTURE FITNESS: Unsecureds to Have 5% Recovery Over 5 Years
--------------------------------------------------------------
Adventure Fitness Club, Inc. filed with the U.S. Bankruptcy Court
for the District of Puerto Rico a Disclosure Statement describing
its Plan of Reorganization.

The Plan divides creditors into five classes - Class 1
Administrative Expenses, Class 2 General Secured Claims, Class 3
Unsecured Priority Claims, Class 4 General Unsecured Claims, and
Class 5 Equity Interest Holders.

Class 4 are unsecured claims whose claims to the extent that such
claims are approved and allowed by the Court or deemed allowed
under the provisions of the Bankruptcy Code. Each member of this
class will receive a distribution equal to 5% of its allowed claim
pursuant to the terms and conditions of the plan, that is during
the five years following the effective date.

Class 5 Equity interest holders are parties who hold an ownership
interest in the Debtor. In a corporation, entities holding
preferred or common stock are equity interest holders. The
shareholders will not receive any dividend under the Plan on
account of his equity security.

The Debtor's estate, consisting of personal properties, a checking
account, office equipment, and inventory, and, being able to
continue operations and generating income, will allow for the
payment of the secured and priority creditors allowed, with a
dividend available to unsecured creditors.

The Plan shall be funded by the following means:

* Cash on hand at the effective date.

* Increase in new participants contracts.

* Future income from savings on the reduction of operational
  expenses maintaining and increasing the services and activities
  to present and future clients will be used also for the payment
  plan.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/sjxpb3x from PacerMonitor.com at no charge.

               About Adventure Fitness Club

Adventure Fitness Club, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.P.R. Case No. 19-03651) on June 26,
2019. At the time of the filing, the Debtor estimated assets of
less than $50,000  and liabilities of less than $500,000. Luis D.
Flores Gonzalez, Esq. of the Luis D Flores Gonzalez Law Office
represent the Debtor.


AHERN RENTALS: S&P Alters Outlook to Negative, Affirms 'B' ICR
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on Ahern
Rentals Inc. and revised the outlook to negative from stable. S&P
affirmed its 'B-' issue-level rating on Ahern's senior secured
second-lien notes due 2023. The '5' recovery rating is unchanged.

S&P expects FOCF to be moderately negative in 2019 as the company
expands its rental fleet.  The rating agency previously expected
Ahern would generate FOCF of $10 million-$20 million in 2019.
However, the company invested more heavily in its rental fleet
during the first three quarters of 2019 than S&P expected as demand
remained healthy. Although S&P views Ahern's liquidity as adequate,
capex and about $25 million in net new loans to affiliate companies
during the first three quarters of 2019 have decreased borrowing
capacity under the ABL. While S&P expects Ahern will generate
modestly positive free cash flow in 2020, a downturn in demand or
increased capital spending both pose risks to the rating agency's
forecast.

S&P's negative outlook on Ahern reflects the risk that FOCF could
be lower than the rating agency expects in 2020 and that covenant
headroom could remain tight, pressuring liquidity.

"We could lower our rating on Ahern within the next 12 months if it
generates lower FOCF than we expect, covenant headroom does not
improve above 15%, or if we expect S&P Global Ratings-adjusted
leverage to exceed 5x. This could occur if U.S. construction,
particularly nonresidential construction, is weaker than expected,
leading to lower demand for Ahern's equipment. We could also lower
our rating if we believe Ahern will not make significant progress
toward reducing affiliate loans," S&P said.

"We could revise the outlook on our rating to stable if Ahern
generates modestly positive free cash flow, headroom under all
covenants improves to 15%, and we expect leverage will remain below
5x within the next 12 months. Under this scenario, we would also
believe the company would not face difficulty refinancing its
capital structure when it comes due," the rating agency said.


AI CAUSA: UST Wants Info of Unsecured Claims in Class
-----------------------------------------------------
The Acting United States Trustee submitted objections to the
Disclosure Statement to Debtors' Joint Plan of Reorganization
proposed by AI Causa LLC and CrediautoUSA Financial Company LLC.

The U.S. Trustee points out that other than the Arena disputed
unsecured claim, neither the Disclosure Statement nor the Plan
identify which unsecured claims are included in Class 6, and the
extent or amount of those individual claims.  There is no
attachment or matrix identifying these unsecured creditors.  It is
unclear how affected class members could vote on the Plan without
this information.  The United States Trustee cannot confidently
reconcile the amount listed as due to Class 6 unsecured creditors
with the unsecured creditors who filed proofs of claim in the
bankruptcy cases and/or scheduled unsecured claims.

The U.S. Trustee also notes that:

   * Whether Arena's disputed unsecured claim should be included in
the class is questionable. Based on the Disclosure Statement, it
does not appear that Arena's claim is substantially similar to the
other unsecured claims or interests in Class 6, described broadly
as trade creditors, wages, and/or guaranteed payments.  To the
extent that unsecured claims for Varadero Master Fund LP and the
taxing agencies are included in this class, the same issues apply.

   * Neither the Disclosure Statement nor the Plan provides for a
reserve for the Arena disputed unsecured claim.  There also were
two other claims scheduled as disputed on CrediautoUSA's Schedule
E/F.  The Disclosure Statement and/or the Plan should discuss a
disputed claims reserve in the event that some or all of the
disputed claims are allowed post-confirmation.

A full-text copy of the objection is available at
https://tinyurl.com/srbr7e4 from PacerMonitor.com at no charge.

                       About AI Causa LLC

Founded in 2012 and headquartered in San Diego, CrediautoUSA
Financial Company LLC -- http://www.crediautofinancial.com/-- has
established programs to finance vehicles sold by licensed
automobile dealerships to individuals with no credit history or
with less than perfect credit.

CrediautoUSA Financial Company LLC and its affiliate AI Causa LLC
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Cal. Lead Case No. 19-01864) on March 30, 2019.

At the time of the filing, CrediautoUSA was estimated to have
assets of between $1 million and $10 million and liabilities of
between $10 million and $50 million. AI CAUSA was estimated to have
assets and liabilities of between $1 million and $10 million.

The cases are assigned to Judge Louise Decarl Adler.

CrediautoUSA is represented by the Law Offices of Kit J. Gardner
while AI Causa is represented by Higgs Fletcher & Mack LLP.
Bonilla Accounting Firm serves as their accountant.


ALBERT EINSTEIN ACADEMIES: S&P Hikes Revenue Bond Rating to 'BB'
----------------------------------------------------------------
S&P Global Ratings raised its rating on the California Municipal
Finance Authority's series 2013 charter school revenue bonds issued
for Albert Einstein Academies (AEA) to 'BB' from 'BB-'. The outlook
is stable.

"The upgrade reflects our view of the school's demonstrated ability
to produce positive operations and maintain cash at levels we
believe commensurate with that of higher-rated peers," said S&P
Global Ratings credit analyst Ann Richardson. "The upgrade also
reflects our opinion that, while the school will likely expand over
the next three years, management will carry out its expansion plan
in a calculated manner, such that financial metrics will not
materially weaken," Ms. Richardson added.

S&P assessed AEA's enterprise profile as adequate, characterized by
solid demand with stable enrollment, healthy academics, and a
satisfactory waitlist. It assessed AEA's financial profile as
vulnerable, based on a trend of improving debt service coverage and
robust liquidity, but offset by the school's expansion plans, which
could weaken financial performance from current trends. S&P
believes that, combined, these credit factors lead to an indicative
stand-alone credit profile of 'bb' and a final rating on the bonds
of 'BB'.

More specifically, the 'BB' rating is supported by S&P's view of
the charter school's:

-- Stable operations, with nearly 20 years of operational
performance, consecutive charter renewals, solid student retention,
and excellent academics;

-- Draft fiscal 2019 results that reflect a third straight year of
positive operations on a full accrual basis, and S&P's expectation
that management will be able to achieve similar results in fiscal
2020; and

-- A moderate debt burden compared to revenues, coupled with S&P's
understanding that any funds required to build a high school would
likely be made available through revenues from local bond
referendum and not new debt.

Partially offsetting the above strengths, in S&P's opinion, are:

-- Expansion risks associated with potential future plans to
expand and build a new high school, including risks of not
achieving high-quality academics, or not maintaining steady
enrollment, which could worsen overall financial health;

-- A liquidity position that, while improved at nearly 130 days'
cash on hand based on the draft audit for fiscal 2019, has a recent
history of cash levels falling to about 40 days due to expanding
operations; and

-- The inherent risks associated with charter schools, including
the possibility that the charter might not be renewed or might be
revoked before the bonds mature.

The 2013 bonds were loaned to 458 26th Street Holdings LLC,
pursuant to a loan agreement between the authority and the LLC. The
LLC was created for the purpose of owning the mortgaged property,
and its sole member is AEA, a California nonprofit public benefit
corporation. The LLC leases land and facilities to AEA.

The stable outlook reflects S&P's view that the school will
maintain its good demand profile and commendable academic
performance. The rating agency further expects that AEA will
sustain its financial profile, and that should management move
forward with any expansion plans, it will do so in a measured
fashioned such that it will not weaken its financial and enterprise
profiles.

A higher rating relies on maintenance of AEA's demand metrics and
other enterprise characteristics, coupled with continued and
sustained strengthening of maximum annual debt service coverage,
margins, and liquidity to levels consistent with those of
higher-rated peers.

S&P could lower the rating if demand weakens or if plans to expand
into high school grade levels result in a substantial weakening of
financial metrics that are no longer commensurate with the rating.


ALL LINES EXPRESS: Hires Stewart Law Firm as Counsel
----------------------------------------------------
All Lines Express, Inc., seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Stewart Law
Firm, as counsel to the Debtor.

All Lines Express requires Stewart Law Firm to represent and
provide legal services to the Debtor.

Stewart Law Firm will be paid at the hourly rate of $350.

Stewart Law Firm will be paid a retainer in the amount of $7,500,
and $1,717 filing fee.  After deducting fees and expenses from the
retainer leaving a balance of $5,783 held in the firm's trust
account.

Stewart Law Firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Gerald B. Stewart, Esq., a partner of Stewart Law Firm, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Stewart Law Firm can be reached at:

     Gerald B. Stewart, Esq.
     24 N. Market Street, Suite 402
     Jacksonville, FL 32202
     Tel: (904) 353-8876
     Fax: (904) 356 -2776
     E-mail: Stewartlaw7272@gmail.com

                    About All Lines Express

All Lines Express, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 19-03604) on Sept. 23, 2019, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by Gerald B. Stewart, Esq., at Stewart Law Firm.



APERGY CORP: S&P Puts 'BB-' ICR on CreditWatch Positive
-------------------------------------------------------
S&P Global Ratings placed all of its ratings on U.S.-based oil
field services company Apergy Corp., including the 'BB-' issuer
credit rating, on CreditWatch with positive implications.

The CreditWatch placement follows the company's announcement that
it will combine with Ecolab Inc.'s upstream energy business,
ChampionX, in a tax-free Reverse Morris Trust transaction. The
transaction will more than double Apergy's existing revenue and
EBITDA and increase its geographic diversity while adding a minimal
amount of net debt.

The CreditWatch positive placement reflects the increased scale and
diversity of Apergy's operations while only adding a small amount
of net debt. This transaction expands Apergy's global customer
base, including international and national oil companies, large
independents, and oil field services companies. In addition, it
expands the company's geographic diversity and product offerings.
Apergy's business operations are located primarily in the U.S.,
where they generate about 80% of revenue. Apergy's two largest
product line segments are artificial lift technologies (60% of
revenue) and drilling technologies (23%). ChampionX is more
geographically diverse, with 49% of revenue coming from the U.S.
and the remaining between Middle East/Africa (15%), Canada (13%),
and Europe (12%), with Latin America and Asia Pacific contributing
to the remaining revenue (11% combined). ChampionX's product lines
are split between oilfield performance (81% of revenue) and
specialty performance (19%). Apergy's EBITDA margin of
approximately 23% is stronger than ChampionX's, which is about
15%.

CreditWatch

The CreditWatch placement reflects the likelihood that S&P will
raise its issuer credit rating on Apergy following the close of the
transaction, assuming there are no material changes to the rating
agency's current assumptions. The company's improved scale,
diversification, and low leverage pro forma for the transaction
will be more consistent with higher-rated peers. S&P intends to
resolve the CreditWatch sometime around the close of the
transaction, which it expects will occur in the first half of 2020.


ARIA ENERGY: S&P Alters Outlook to Negative, Affirms B+ ICR
-----------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating and
senior secured debt rating on Aria Energy Operating LLC. The '3'
recovery rating on the senior secured debt is unchanged. S&P
revised its outlook to negative from stable.

Aria's year-to-date financial performance is below expectations
primarily due to falling Renewable Identification Numbers (RIN)
prices.  More than 50% of Aria's 2019 EBITDA is exposed to variable
D3 RIN prices, which have been declining since 2017. Key reasons
for this has been a mismatch between demand and supply for RIN
credits, which has led to an oversupplied market, resulting in a
significant drop in RIN prices. In the RIN markets, the Renewable
Volume Obligation (RVO) set by the Environment Protection Agency
(EPA) drives the demand side and the RIN production drives the
supply side. Because the RVO set by the EPA has been lower than the
actual production, the RIN market has become oversupplied. In
addition, EPA has also granted some economic hardship waivers and
exemptions to small refiners, which reduced demand further, leading
to a sustained fall in RIN prices.

The negative outlook reflects the possibility of a downgrade,
should the RIN prices remain low or drop further in 2020, resulting
in continued weaker business and financial performance for Aria.
S&P expects EBITDA to be between $30 million to $35 million in
2019. S&P expects debt to EBITDA to be 4.8x in 2019.

S&P would lower its rating on Aria over the next few quarters if
the RIN prices do not improve in 2020 or the RIN prices remain
volatile, which can lead to significant variance between projected
and actual financial measures, as witnessed in 2018 and expected in
2019. S&P could also lower ratings if Aria's debt to EBITDA were to
consistently exceed 4.0x as a result of declining cash flows, or if
the rating agency believes that the company's financial policy has
become more aggressive, which it would demonstrate by increasing
its leverage. In addition, failure to renew the revolving credit
facility before maturity can also lead to a lower rating.

"We could revise outlook to stable if the RIN prices show signs of
stability and the company is able to demonstrate financial
performance in line with projections," S&P said.


ARSENAL RESOURCES: Seeks to Hire Ordinary Course Professionals
--------------------------------------------------------------
Arsenal Resources Development LLC, and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ ordinary course professionals.

Arsenal Resources hires the following ordinary course
professionals:

     Ordinary Course Professional           Type of Service

   Altus                                 Tax & Advisory Services
   910 Ridgebrook Road, Suite 200
   Sparks, MD 21152

   Babst Calland Clements &              Legal (Title Opinions)
   Zomnir, P.C.
   Two Gateway Center
   Pittsburg, PA 15222

   BDO USA, LLP                          Accounting & Valuation
   2929 Allen Parkway, 20th Floor            Services
   Houston, TX 77019
   -and-
   770 Kenmoor SE, Suite 300
   Grand Rapids, MI 49546

   Beveridge & Diamond, P.C.             Legal (Environmental
   1350 I Street, NW, Suite 700              Counsel)
   Washington, DC 20005
   Attn: W. Parker Moore

   Bowles Rice LLP                       Legal (Title Opinions)
   7000 Hampton Center
   Morgantown, WV 26505

   Claire Sergent Walls Legal            Legal (Title Opinions)
   Group
   63 Wharf Street, Suite 200
   Morgantown, WV 26501

   Gemondo & McQuiggan LLP               Legal (Title Opinions)
   1144 Market Street, Suite 101
   Wheeling, WV 26003

   Grant Thornton LLP                    Audit & Advisory
   One Cleveland Center                     Services
   1375 E. 9th Street, Suite 1500
   Cleveland, OH 44114

   Jones Day                             Legal (Corporate
   500 Grant Street, Suite 4500             Counsel)
   Pittsburgh, PA 15219

   Latham & Watkins LLP Legal           (Midstream & JDA
   811 Main Street, Suite 3700             Counsel)
   Houston, TX 77002

   Schneider Downs                      Audit & Advisory Services
   One PPG Place, Suite 1700
   Pittsburgh, PA 15222

   Spilman Thomas & Battle,             Legal (Midstream Counsel)
   PLLC
   300 Kanawha Boulevard East
   P.O. Box 273
   Charleston, WV

   Steptoe & Johnson PLLC               Legal (Corporate Counsel)
   Chase Tower, Eighth Floor
   P.O. Box 1588
   Charleston, WV 25326

To the best of the Debtors' knowledge the firms are a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

                    About Arsenal Resources

Arsenal Resources -- http://www.arsenalresources.com/-- is an
independent exploration and production company headquartered in
Pittsburgh, Pennsylvania that is engaged in the acquisition,
exploration, development and production of natural gas in the
Appalachian Basin.

Arsenal Resources Development LLC and 16 affiliates sought Chapter
11 protection (Bankr. D. Del. Lead Case No. 19-12347) on Nov. 8,
2019, to implement terms of a prepackaged Chapter 11 plan of
reorganization.

Arsenal was estimated to have at least $500 million in assets and
liabilities as of the bankruptcy filing.

The Company is represented by Simpson Thacher & Bartlett LLP and
Young Conaway Stargatt & Taylor LLP, as legal counsel, PJT Partners
LP, as investment banker and Alvarez & Marsal North America, LLC,
as restructuring advisor.


ASPEN PACIFIC: Seeks to Hire Kutner Brinen as Attorney
------------------------------------------------------
Aspen Pacific Group, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Colorado to employ Kutner Brinen, P.C.,
as attorney to the Debtor.

Aspen Pacific requires Kutner Brinen to:

   a. provide the Debtor with legal advice with respect to its
      powers and duties;

   b. aid the Debtor in the development of a plan of
      reorganization under Chapter 11;

   c. file the necessary petitions, pleadings, reports, and
      actions that may be required in the continued
      administration of the Debtor's property under Chapter 11;

   d. take necessary action to enjoin and stay until a final
      decree herein the continuation of pending proceedings and
      to enjoin and stay until a final decree herein the
      commencement of lien foreclosure proceedings and all
      matters as may be provided under the Bankruptcy Code; and

   e. perform all other legal services for the Debtor that may be
      necessary herein.

Kutner Brinen will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Jeffrey S. Brinen, a partner at Kutner Brinen, P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Kutner Brinen can be reached at:

     Jeffrey S. Brinen, Esq.
     KUTNER BRINEN, P.C.
     1660 Lincoln Street, Suite 1850
     Denver, CO 80264
     Tel: (303) 832-2400
     Fax: (303) 832-1510

                   About Aspen Pacific Group

Aspen Pacific Asset Management, LLC, based in Basalt, CO, and its
affiliates sought Chapter 11 protection (Bankr. D. Colo. Lead Case
No. 19-19899) on Nov. 15, 2019.

In its petition, Aspen Pacific Asset Management was estimated to
have assets and liabilities of $0 to $50,000.  Aspen Pacific Group,
Inc., was estimated to have assets of $0 to $50,000, and
liabilities of $1 million to $10 million. The petitions were signed
by Howard Cohen, manager.

The Hon. Elizabeth E. Brown oversees the case.

Jeffrey S. Brinen, Esq., at Kutner Brinen, P.C., serves as
bankruptcy counsel to the Debtor.


ASTORIA ENERGY: S&P Affirms 'BB-' Senior Secured Debt Rating
------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' project finance rating on
Astoria Energy LLC's senior secured debt. The '1' recovery rating
is unchanged, indicating S&P's expectation of very high (90%-100%;
rounded estimate: 90%) recovery in the event of default.

New York Independent System Operator (NYISO) recently revised its
forecast on the Locational Minimum Installed Capacity requirement
(LCR) in New York City to about 86.7%, indicating potentially
higher capacity prices for 2020. The change is related to the
retirement of the 1-gigawatt (GW) generation unit 2 at Indian Point
nuclear power facility in four months.

A higher LCR value indicates possible higher capacity prices; a
lower value indicates possible lower capacity prices. Thus, S&P
recently revised its capacity price expectations upward for Zone J
in NYISO. The LCR indication for the 2020/2021 capability year of
about 86.7% presents a chance that summer 2020 capacity price will
rise, driven by the closure of Indian Point's generation unit 2
scheduled in April 2020 and possibly the continued outage of
ConEd-PSE&G B-C transmission lines between New Jersey and New York
City. S&P forecasts Zone J's summer 2020 capacity price at
$17/kW-mo and winter 2020/2021 at $6/kW-mo. S&P observed a similar
upward trend in 2018, when NYISO established a LCR of 82.8% for the
2019/2020 capability year that resulted in an increase of summer
2019 capacity price to $13.10/kW-mo, 25% higher than summer 2018.
S&P believes the LCR for the 2021/2022 capability year will
probably be in line with the 86.7% figure for 2020/2021. This is
because following the closure of Indian Point's unit 2, 1 GW unit 3
is scheduled to retire by April 2021; as a result, S&P assumes
summer 2021 capacity prices of $15/kW-mo and winter 2021-2022 of
$4/kW-mo.

The stable outlook reflects S&P's view that NYISO's revised LCR
guidance may lead to materially higher summer and winter capacity
prices in Zone J, which could provide some offset should energy
margins decline from continued lower-than-expected power demand.
The rating agency projects a DSCR of about 1.54x in 2020.

S&P could consider a downgrade if Astoria cannot maintain a minimum
DSCR of 1.4x. This could stem from weaker capacity prices in Zone
J, reduced spark spreads because of unfavorable wholesale power and
gas feedstock prices attributed to mild weather and less demand,
reduced generation driven by operational and market factors, and
higher operating and maintenance expenditures from unforeseen
operational issues that require a shutdown for an extensive
period.

S&P would consider an upgrade if it believes the project could
achieve and maintain a DSCR of 1.9x, including periods after
refinancing. Such improvement to the debt coverage would likely
arise from favorable market conditions that could substantially
influence the power, natural gas, and capacity prices in Zone J for
an extended period.



AVALIGN HOLDINGS: S&P Affirms 'B-' ICR, Alters Outlook to Negative
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' long-term issuer credit rating
on Avalign Holdings Inc. but revised the outlook to negative from
stable. S&P's 'B-' issue-level rating and '3' recovery rating on
the company's first-lien debt remains unchanged. At the issuer's
request, S&P is not rating the second-lien debt.

S&P's revised outlook follows Avalign Holdings Inc.'s
underperformance in 2019 and reflects the rating agency's
expectations for continued modest discretionary cash flow deficits
in 2020.   The company's operating performance missed S&P's EBITDA
and cash flow expectations in 2019 because of higher-than-expected
costs and increased working capital outflow. In addition, the
company has increased its capital expenditures (capex), to support
a mid-year acquisition, as well as expand its operations. S&P
believes capex will remain elevated within the highly competitive
contract manufacturing organization (CMO) industry. S&P projects
that cash flow deficits will persist into late 2020, compared to
the rating agency's prior expectations of modest discretionary cash
flow generation. As a result, the rating agency projects higher
leverage than previously expected and see increased liquidity
risks.

The negative outlook reflects the risk that discretionary cash flow
deficits will persist, increasing liquidity risks and potentially
requiring additional debt financing. S&P also expects Avalign's
funded leverage to remain over 7x (over 16x including preferred
equity) in 2019 and 2020, as the rating agency expects it to remain
acquisitive and because the company's financial sponsor ownership
will likely prioritize shareholder-friendly activities over
permanent debt repayment.

"We could lower the rating if cash flow deficits persist and we see
limited prospects for improvement. This scenario can occur if
margins continue to decline or if Avalign becomes too aggressive in
its acquisition strategy, causing increased integration challenges
and costs, further margin contraction, and widening working capital
outflows," S&P said, adding that such deterioration in operating
performance would result in even higher leverage and increased
liquidity risks, which could lead the rating agency to believe the
company's capital structure is unsustainable.

"Although unlikely over the next year, we could revise the outlook
to stable if we believe Avalign can generate positive discretionary
cash flow on a sustained basis. In this scenario, we would expect
margins improve materially along with working capital
improvements," S&P said. Avalign could also see margin and cash
flow improvement if it successfully integrates acquisitions that
increase revenue, scale, and efficiency, according to the rating
agency.


AVEANNA HEALTHCARE: Moody's Reviews B3 CFR for Downgrade
--------------------------------------------------------
Moody's Investors Service placed Aveanna Healthcare LLC's ratings
on review for downgrade, including the company's B3 Corporate
Family Rating and B3-PD Probability of Default Rating, as well as
Aveanna's B2 senior secured first-lien bank credit facilities
ratings and Caa2 rating on the company's senior secured second-lien
term loan due 2025. Concurrently Moody's withdrew ratings on
Aveanna's proposed senior secured notes due 2026 and senior secured
second lien term loan due 2027.

The review was prompted by Aveanna's announcement that proposed
acquisition of Maxim Health Services, Inc.'s ("Maxim") home care
service division has been terminated. Costs associated with the
Maxim acquisition, including the build-up of infrastructure in
preparation for a much larger revenue base, are contributing to
negative free cash flow and roughly $31.5 million of borrowings on
the $75 million revolver, which has weakened the company's
liquidity. As part of the termination of the acquisition, Aveanna
will redeem the debt and equity funding that was raised to
partially fund the acquisition, and the planned increase in the
revolver to $150 million will be eliminated.

On Review for Downgrade:

Issuer: Aveanna Healthcare LLC

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

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

Gtd Senior Secured First Lien Revolving Credit Facility, Placed on
Review for Downgrade, currently B2 (LGD3)

Gtd Senior Secured First Lien Term Loan due 2024, Placed on Review
for Downgrade, currently B2 (LGD3)

Gtd Senior Secured Second Lien Term Loan due 2025, Placed on Review
for Downgrade, currently Caa2 to (LGD5) from (LGD6)

Ratings Withdrawn:

Gtd Senior Secured Notes due 2026 at B2 (LGD3)

Gtd Senior Secured Second Lien Term Loan due 2027, Caa2 (LGD5)

Outlook Actions:

Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

The review will focus on Aveanna's liquidity position following the
Maxim acquisition termination including expected costs associated
with rationalizing Aveanna's corporate expenses built in
anticipation of the acquisition and other costs associated with
terminating the transaction. Moody's will also evaluate Aveanna's
financial and operational strategies without the Maxim business,
future acquisition plans, and the company's potential to reduce
high pro forma debt-to-EBITDA leverage that Moody's estimates
exceeds 8.0x (on Moody's adjusted basis).

As part of the review, it will be key for Moody's to understand if
there will be any incurrence of break-up fees related to the
termination of acquisition of Maxim, as well as Aveanna's ability
to limit and manage that exposure. Moody's will also assess
Aveanna's earnings quality including the still negative
implications of the significant EBITDA add-backs largely related to
costs associated with its acquisition strategy, as well as
noteworthy industry pressures such as a challenging reimbursement
environment.

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

Headquartered in Atlanta, Georgia, Aveanna Healthcare LLC was
formed through the merger of pediatric home healthcare companies
Epic Health Services and PSA Healthcare, with a subsequent
acquisition of Premier Healthcare Services completed in July 2018.
The company is a leading provider of pediatric skilled nursing and
therapy services, as well as adult home health services, including
skilled nursing, therapy, personal care, behavioral health and
autism. The company is majority-owned by private equity firms Bain
Capital and J. H. Whitney. The company generated pro forma revenues
of approximately $1.5 billion for the twelve months ended September
30, 2019.


AVINGER INC: Declares Dividend on Series A Preferred Stock
----------------------------------------------------------
The Board of Directors of Avinger, Inc. declared a Preferred
Dividend on the Series A Preferred Stock of an aggregate of 3,580
shares of Series A Preferred Stock to pay the Preferred Dividend to
the holders of record of Series A Preferred Stock as of Dec. 20,
2019.  The Company expects that the Preferred Dividend will be paid
on Dec. 31, 2019.

The Certificate of Designation of Preferences, Rights and
Limitations of Series A Convertible Preferred Stock of Avinger
entitles the holders of Series A Preferred Stock to dividends at a
rate of 8% of $1,000 per annum, compounded annually.  The
Certificate of Designation allows the Company to pay the Preferred
Dividends by issuing and delivering fully paid and nonassessable
shares of Series A Preferred Stock.

The Series A Preferred Stock will only be convertible into common
stock following such time as the Company's stockholders have
approved an amended and restated certificate of incorporation that
authorizes at least 125 million shares of common stock. Unless and
until such an approval is received, the Series A Preferred Stock
will not be convertible into common stock.  If the Series A
Preferred Stock becomes convertible into common stock, it will be
convertible into that number of shares of common stock of the
Company determined by dividing $1,000 by the conversion price of
$20.00, subject to certain anti-dilution protections and beneficial
ownership limitations.

                        About Avinger, Inc.

Headquartered in Redwood City, California, Avinger --
http://www.avinger.com-- is a commercial-stage medical device
company that designs and develops the first-ever image-guided,
catheter-based system that diagnoses and treats patients with
peripheral artery disease (PAD).  PAD is estimated to affect over
12 million people in the U.S. and over 200 million worldwide.
Avinger is dedicated to radically changing the way vascular disease
is treated through its Lumivascular platform, which currently
consists of the Lightbox imaging console, the Ocelot family of
chronic total occlusion (CTO) catheters, and the Pantheris family
of atherectomy devices.

Avinger reported a net loss applicable to common stockholders of
$35.69 million for the year ended Dec. 31, 2018, compared to a net
loss applicable to common stockholders of $48.73 million for the
year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company had
$28 million in total assets, $19.25 million in total liabilities,
and $8.75 million in total stockholders' equity.

Moss Adams LLP, in San Francisco, California, the Company's auditor
since 2017, issued a "going concern" qualification in its report
dated March 6, 2019, on the Company's consolidated financial
statements for the year ended Dec. 31, 2018, stating that the
Company's recurring losses from operations and its need for
additional capital raise substantial doubt about its ability to
continue as a going concern.


AYTU BIOSCIENCE: Files Form S-4 Related to Innovus Acquisition
--------------------------------------------------------------
Aytu BioScience, Inc. and Innovus Pharmaceuticals, Inc. filed with
the U.S. Securities and Exchange Commission a registration
statement on Form S-4 containing a joint preliminary proxy
statement/prospectus in connection with Aytu BioScience's proposed
acquisition of Innovus Pharmaceuticals on Dec. 23, 2019 after
markets closed.

The registration statement containing the joint preliminary proxy
statement/prospectus is available through the SEC's website at
www.sec.gov and on each company's website on the respective
company's Investor section.

As previously announced the companies signed a definitive merger
agreement whereby Aytu will retire all outstanding common stock of
Innovus for an aggregate of up to $8 million in shares of Aytu
common stock, less certain deductions, at the time of closing,
including amounts owed from Innovus to Aytu under a promissory note
(currently $1.35 million principal amount), payments to be made to
warrant holders, changes in Innovus liabilities and working
capital, and other adjustments.  This initial consideration to
Innovus common shareholders is currently estimated to consist of
approximately 3.9 million shares of Aytu stock.  Each Innovus
common shareholder will also receive contingent value rights,
representing the right to receive additional consideration of up to
an aggregate of $16 million, paid for in cash or stock at Aytu's
option, over the next five years if certain revenue and
profitability milestones are achieved.

Innovus generated nearly $23 million in revenue during the
twelve-month period ended Sept. 30, 2019.

Through this combined entity, Aytu will expand into the $40 billion
consumer healthcare market with a portfolio of over thirty-five
consumer products competing in large therapeutic categories
including diabetes, men's health, sexual wellness and respiratory
health.  This expanded product line broadens Aytu's portfolio
beyond prescription therapeutics to enable wider revenue
distribution, reduced seasonality associated with Aytu's seasonal
antitussive product line, and higher revenue from an expanded base
of proprietary products.

Combined, Aytu and Innovus generated approximately $43 million in
revenue over the twelve-month period ended Sept. 30, 2019.  The
companies believe this business combination will provide increased
revenue scale and enable operational synergies that can be
leveraged to accelerate the combined company's growth and path to
profitability.  Aytu will also take over the outstanding notes
payable of Innovus which, at the time of signing, was approximately
$2.8 million.

Upon closing, Aytu expects to operate the commercial aspects of the
Innovus consumer business separately from Aytu's prescription
business, while rationalizing general and administrative expenses
through the removal of Innovus' public company costs and redundant
administrative and operational processes, along with the reduction
in overhead, administrative and facilities costs.

Aytu's prescription product portfolio will continue to be primarily
commercialized through the existing Aytu sales force, while the
consumer health products will continue to be primarily
commercialized via Innovus' proprietary Beyond Human marketing
platform.  However, both lines of business are expected to benefit
from opportunistic cross-selling such that some consumer products
may be marketed in the physician office setting by Aytu's sales
force, while the marketing of the prescription products may be
bolstered through various online and direct-to-consumer marketing
initiatives.

The boards of directors of both companies have approved the terms
of the merger transaction, which is subject to the approval of both
companies' shareholders.  At the time of signing the definitive
agreement, Aytu had collected voting agreements supporting the
merger transaction that represent approximately 35% of current
shares outstanding.  Innovus has thus far collected voting
agreements supporting the transaction that represent approximately
24% of shares outstanding.

The transaction, which is expected to close on or around
March 31, 2020, pending timing of review by the Securities and
Exchange Commission and a shareholder vote, which would follow the
effectiveness of the S-4/proxy statement.  The merger is subject to
customary closing conditions and regulatory approvals.

                       About Aytu BioScience

Englewood, Colorado-based Aytu BioScience, Inc. (OTCMKTS:AYTU) --
http://www.aytubio.com/-- is a commercial-stage specialty
pharmaceutical company focused on global commercialization of novel
products addressing significant medical needs.  The company
currently markets Natesto, the only FDA-approved nasal formulation
of testosterone for men with hypogonadism, ZolpiMist, an
FDA-approved, commercial-stage prescription sleep aid indicated for
the short-term treatment of insomnia characterized by difficulties
with sleep initiation, and recently acquired Tuzistra XR, the only
FDA-approved 12-hour codeine-based antitussive oral suspension.
Additionally, Aytu is developing MiOXSYS, a novel, rapid semen
analysis system with the potential to become a standard of care for
the diagnosis and management of male infertility caused by
oxidative stress.  MiOXSYS is commercialized outside of the U.S.
where it is a CE Marked, Health Canada cleared, Australian TGA
approved, Mexican COFEPRAS approved product, and Aytu is planning
U.S.-based clinical trials in pursuit of 510k de novo medical
device clearance by the FDA. Aytu's strategy is to continue
building its portfolio of revenue-generating products, leveraging
its focused commercial team and expertise to build leading brands
within large, growing markets.

Aytu Bioscience reported a net loss of $27.13 million for the year
ended June 30, 2019, compared to a net loss of $10.18 million for
the year ended June 30, 2018.  As of Sept. 30, 2019, the Company
had $31.02 million in total assets, $28.70 million in total
liabilities, and $2.32 million in total stockholders' equity.

Plante & Moran, PLLC, in Denver, CO, the Company's auditor since
2015, issued a "going concern" qualification in its report dated
Sept. 26, 2019, the Company's consolidated financial statements for
the year ended June 30, 2019, citing that the Company has suffered
recurring losses from operations and has an accumulated deficit
that raise substantial doubt about its ability to continue as a
going concern.


BALATON, MN: S&P Cuts GO Debt Rating to 'BB+'; Outlook Negative
---------------------------------------------------------------
S&P Global Ratings lowered its long-term rating on the City of
Balaton, Minn.'s general obligation (GO) debt to 'BB+' from 'BBB+'.
The outlook is negative.

"The downgrade reflects our view that the city's rapid and
substantial deterioration of reserves, leading to a large negative
general fund balance that we do not expect to improve in the near
term, severely limits Balaton's financial flexibility," said SP
Global Ratings credit analyst Emma Drilias. "The negative outlook
is based on our view that credit could further worsen over the
one-year outlook horizon, given the lack of action to correct the
large negative balance, ongoing pressure due to the closure of the
city nursing home, and vulnerability to another severe weather
event," Ms. Drilias added.

The rating is capped due to our view of Balaton's structural
imbalance, large negative general fund balance, and vulnerable
financial management policies and practices. These factors, in
combination with a thin local tax base given Balaton's small
population and a large debt burden including high carrying charges,
support S&P's view that the city faces major ongoing uncertainties
and exposure to adverse conditions that could lead to inadequate
capacity to meet its financial commitments, in accordance with S&P
Global Ratings Definitions.

Over the past two years, the city was affected by two major weather
events--a flood in July of 2018 and a snowstorm in April of
2019--that created significant infrastructure damage, causing the
city to exceed budgeted expenditures in each year. The 2018 flood
disrupted Balaton's cash flow to a point that necessitated
acquisition of a one-year cash flow loan from the League of
Minnesota Cities. However, finding itself with insufficient
liquidity to repay the loan and maintain operations, the city
converted the one-year cash flow loan to a five-year term,
essentially financing current operations with long-term debt. For
fiscal 2019, S&P is expecting a sizable general fund operating
deficit, primarily due to additional costs associated with the
closure of the nursing home, further worsening the already negative
fund balance. For fiscal 2020, Balaton adopted a break-even budget,
but S&P expects another deficit could occur given the city's small,
volatile budget and vulnerability to adverse conditions." Despite
these challenges, the city's liquidity remains very strong due to
considerable available cash balances, primarily in Balaton's debt
service and sewer enterprise funds. However, given projections for
additional general fund draws in 2019 and 2020, as well as no
articulated plan for addressing the accumulated deficit, the city
remains on negative outlook.

The rating reflects S&P's assessment of the following factors for
the city:

-- Weak economy;
-- Weak management;
-- Weak budgetary performance;
-- Very weak budgetary flexibility;
-- Very strong liquidity;
-- Very weak debt and contingent liability profile; and
-- Strong institutional framework score.

The negative outlook reflects S&P's view that Balaton will likely
continue to experience structural imbalance over the one-year
horizon, and will remain vulnerable to adverse business, financial,
or economic conditions. S&P anticipates the city will end fiscal
2019 with a significant deficit and a negative reserve position,
and that any major unplanned event could further disrupt operations
and potentially compromise the city's ability to repay its
outstanding obligations.

If the general fund's reserves decline from their current negative
position, weakening budgetary flexibility even further, S&P could
lower the rating. S&P could lower the rating if the city's
liquidity were to decline due to reduced available cash balances,
or if its debt were to increase, putting greater pressure on
Balaton's weak budgetary performance. If the city shows evidence of
improved budgetary performance, leading to consistent positive
reserves, S&P could revise the outlook to stable.


BARTLETT TRAYNOR: Jan. 14 Hearing on Disclosure Statement Set
-------------------------------------------------------------
Judge Henry W. Van Eck has ordered that the hearing to consider
approval of the disclosure statement explaining the Chapter 11 plan
of Bartlett Traynor & London, LLC, d/b/a Harrisburg Midtown Arts
Center, will be held at Bankruptcy Courtroom (3rd Floor), Third &
Walnut Streets, Harrisburg, PA 17101 on Jan. 14, 2020 at 9:30 a.m.

Jan. 6, 2020, is fixed as the last day for filing and serving
written objections to the disclosure statement.

As reported in the Troubled Company Reporter, Bartlett Traynor &
London filed a Liquidation Plan.  The Plan may generate sufficient
funds to pay all general unsecured claims in Class 7 the full
amount of each claim as such claim is allowed, and as exists as of
the Petition Date.  If full payment is not made to Class 7 Claim
holders as exist under the Plan, then under the Plan, the equity
holder in Class 8 will not retain its equity interest in the Debtor
once all assets of the Debtor are liquidated.

A full-text copy of the Disclosure Statement dated Nov. 20, 2019,
is available at https://tinyurl.com/vhv93fc from PacerMonitor.com
at no charge

Attorney for the Debtor:

     Robert E Chernicoff
     Cunningham and Chernicoff PC
     2320 North Second Street
     Harrisburg, PA 17110

               About Bartlett Traynor & London

Bartlett Traynor & London, LLC, which conducts business under the
name Harrisburg Midtown Arts Center, is a music and arts center at
1110 N. Third St., Harrisburg, Pennsylvania.

Bartlett Traynor & London sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Pa. Case No. 18-03520) on Aug. 23,
2018.  In the petition signed by John Traynor, member, the Debtor
was estimated to have assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  Judge Henry W. Van Eck
is the presiding judge.  The Debtor tapped Cunningham Chernicoff &
Warshawsky, P.C., as counsel.


BEAVER FALLS, PA: S&P Lowers 2017 GO Debt Ratings to 'BB+'
----------------------------------------------------------
S&P Global Ratings lowered its long-term rating on Beaver Falls,
Pa.'s series 2017A general obligation (GO) notes and 2017B GO bonds
three notches to 'BB+' from 'BBB+'. The outlook is negative.

"The downgrade and negative outlook reflect Beaver Falls'
persistent structural imbalance without a plan to correct the
imbalance in the near term," said S&P Global Ratings credit analyst
Cora Bruemmer. The city posted general fund deficits in each of the
past five audited fiscal years, leading to a negative unassigned
general fund balance of $377,420 (4.6% of expenditures) in 2018. In
addition, the rating reflects the city's recently issued $600,000
2019 GO note, which was issued to finance its 2019 and 2020 budget
gaps, and that S&P views as a contingent liability risk. The note
contains permissive events of default and contains acceleration
provisions, which relative to the city's total governmental cash,
is a liquidity risk. If the structural imbalance continues, the
city's liquidity may become constrained, leading to a lower
rating.

"The negative outlook reflects our view that there is a
one-in-three chance that we could lower the city's rating in the
next year, if its structural imbalance continues or a contingent
liability comes due, leading to constrained liquidity. If, however,
the city approves a plan that we consider to be reasonable to
attain long-term structural balance and significantly improves its
reserve position, we could revise the outlook to stable," S&P
said.



BODY SHAPES: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Body Shapes Medical Management, LLC
           dba 25 Again
        4211 Springhurst Blvd Ste 201
        Louisville, KY 40241

Business Description: Body Shapes Medical Management, LLC dba
                      25 Again provides medical care with a whole
                      body approach -- hormones, nutrients,
                      lifestyle & comprehensive diagnostics and
                      testing on demand.

Chapter 11 Petition Date: December 27, 2019

Court: United States Bankruptcy Court
       Western District of Kentucky

Case No.: 19-34020

Debtor's Counsel: Neil C. Bordy, Esq.
                  SEILLER WATERMAN LLC
                  22nd Floor - Meidinger Tower
                  462 S 4th Street
                  Louisville, KY 40202
                  Tel: 502-584-7400

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ted Ennenbach, CEO.

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/0IlyGG


BREAD & BUTTER: Second Interim Cash Collateral Order Entered
------------------------------------------------------------
Judge Dale L. Somers of the U.S. Bankruptcy Court for the District
of Kansas authorized Bread & Butter Concepts, LLC and its
debtor-affiliates to use cash collateral pursuant to the terms of
the Second Interim Order.

The final hearing is scheduled for Feb. 6, 2020 at 2:00 p.m.
Objections are due by no later than 4:00 p.m. on Jan. 23.

Prior to the commencement of the Chapter 11 Cases, Core Bank,
Commercial Capital Company (or NBKC Bank, as assignee to Commercial
Capital Company), and US Foods, Inc. made certain loans and other
financial accommodations to the Debtors. The Debtors' obligations
to these Secured Creditors are secured by a security interest in
all Debtors' personal property.

Core Bank, US Foods and Commercial Capital will be provided
adequate protection as follows:

     (a) Core Bank will be granted a validly perfected security
interest in the Core Bank post-petition depository accounts up to
the value as of the Petition Date and a validly perfected security
interest in Debtor Urban Table's post-petition Cash Collateral up
to the value as of the Petition Date.

     (b) Commercial Capital Company, LLC, or NBKC Bank, as assignee
to Commercial Capital Company, will be granted a validly perfected
security interest in the Debtors' post-petition Cash Collateral up
to the value as of the Petition Date.

     (c) US Foods will be granted a validly perfected security
interest in the Debtors' post-petition Cash Collateral up to the
value as of the Petition Date.

     (d) The rights, liens and interests granted to the Secured
Creditors will be based on their relative rights, liens and
interests in the Debtors' Cash Collateral pre-petition. Said
post-petition security interests and liens will be valid, perfected
and enforceable and will be deemed effective and automatically
perfected as of the Petition Date without the necessity of the
Secured Creditors taking any further action.

     (e) All Collateral will be insured to its full value and
Debtors will otherwise comply with the terms and conditions of the
Secured Creditors.

     (f) The Debtors will establish or maintain
Debtor-in-Possession accounts at Mobank, a division of BOKF, NA,
and/or Core Bank and segregate deposits of each Debtor.

A copy of the Interim Order is available for free at
https://is.gd/NgA0ML from Pacermonitor.com

                About Bread & Butter Concepts

Bread & Butter Concepts, LLC -- http://breadnbutterconcepts.com/--
was founded in 2011, and owns and operates multiple upscale
restaurants in the Kansas City metropolitan area.

Bread & Butter Concepts and its affiliates Texaz Crossroads LLC,
Texaz Table Restaurant of KS LLC, Texaz South Plaza LLC and Texaz
Plaza Restaurant LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Kan. Lead Case No. 19-22400) on Nov. 9,
2019.  At the time of the filing, Bread & Butter disclosed
$4,121,754 in assets and $5,079,795 in liabilities.  The cases have
been assigned to Judge Dale L. Somers.  Sandberg Phoenix & von
Gontard P.C. is the Debtor's counsel.



BUILDING 1600: Trustee of Menser Estate Objects to Plan
-------------------------------------------------------
Edwin K. Palmer, as Chapter 7 Trustee for the Estate of Charles D.
Menser, Jr., a Chaper 7 debtor (Case No. 18-65681-JWC), filed his
Notice of Intent to pose objections to the sufficiency of the
Disclosure Statement and Plan of Reorganization proposed by Debtor
Building 1600, L.L.C.

Mr. Palmer asserts that the Disclosure Statement and Plan fail:

   -- to designate a class of unsecured creditors as a class to be
dealt with under the Plan;

   -- to disclose whether the claims of unsecured creditors will
impaired or not impaired;

   -- to specify the treatment of claims of unsecured creditors;

   -- to explain how the Plan is in the best interests of unsecured
creditors; and

   -- to include provisions for dealing with the claims of any
dissenting class of claims and fail to provide any explanation as
to how each holder of a claim in such dissenting class will
effectively be paid in full or failing that, that no holder of any
claim or interest that is junior to the dissenting class will
retain any property under the plan.

A full-text copy of the Objection is available at
https://tinyurl.com/tep2ckg from PacerMonitor.com at no charge.

Edwin K. Palmer is represented by:

Robert A. Bartlett
rbartlett@rbspg.com
Ragsdale, Beals, Seigler, Patterson & Gray LLP
229 Peachtree Street, N.E., Suite 2400
Atlanta, Georgia
Tel: (404) 588-0500
Fax: (404) 523-6714

            About Building 1600

Building 1600, L.L.C., owns and operates an office park condominium
having a local address of 2255 Cumberland Parkway SE, Building
1600, Atlanta, GA 30339. Phyllis Menser owns 50% of the membership
interests, and Charles D. Menser, III, owns 49%.

Building 1600, L.L.C., filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ga. Case No. 18-71813) on Dec. 31, 2018. In the
petition signed by Charles D. Menser Jr., manager,  the Debtor
estimated less than $500,000 in assets and liabilities. Paul Reece
Marr, P.C. is the Debtor's counsel. No official committee of
unsecured creditors has been appointed.


BULA WORLD: To Seek Plan Confirmation on Jan. 28
------------------------------------------------
Judge John K. Sherwood has ordered that the Disclosure Statement
dated Dec. 6, 2019, in support of the Chapter 11 plan filed by
debtor Bula World Holdings Limited Liability Company is
conditionally approved.

A hearing will be held on Jan. 28, 2020 at 10:00 a.m., for final
approval of the Disclosure Statement and for confirmation of the
Plan before the Honorable John K. Sherwood, United States
Bankruptcy Court, District of New Jersey, 50 Walnut St., Newark, NJ
07102, in Courtroom 3D.

Jan. 21, 2020, is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.

Jan. 21, 2020, is fixed as the last day for filing written
acceptances or rejections of the Plan.

As reported in the Troubled Company Reporter, the Debtor filed a
reorganizing plan that 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.  

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.

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.

Attorneys for Bula World Holdings:

     Stephen B. McNally
     McNALLY & ASSOCIATES, LLC
     93 Main Street
     Newton, New Jersey 07860
     Tel: (973) 300-4260
     Fax: (973) 300-4264



C2 PLUMBING: Hires Michael Jay Berger as Attorney
-------------------------------------------------
C2 Plumbing, Inc., seeks authority from the U.S. Bankruptcy Court
for the Central District of California to employ the Law Offices of
Michael Jay Berger, as attorney to the Debtor.

C2 Plumbing requires Michael Jay Berger to:

   a. communicate with creditors of the Debtor;

   b. review the Debtor's Chapter 11 bankruptcy petition and all
      supporting schedules;

   c. advise the Debtor of its legal rights and obligations in a
      bankruptcy proceeding;

   d. work to bring the Debtor into full compliance with
      reporting requirements of the Office of the U.S. Trustee;

   e. prepare status reports as required by the Bankruptcy Court;
      and

   f. respond to any motions filed in the Debtor's bankruptcy
      proceedings.

Michael Jay Berger will be paid at these hourly rates:

     Partners                   $595
     Associates              $225 to $495
     Paralegals                 $200

Michael Jay Berger will be paid a retainer in the amount of
$20,000.

Michael Jay Berger will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Michael Jay Berger, partner of the Law Offices of Michael Jay
Berger, assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtor and its
estates.

Michael Jay Berger can be reached at:

     Michael Jay Berger, Esq.
     LAW OFFICES OF MICHAEL JAY BERGER
     9454 Wilshire Blvd. 6th Floor
     Beverly Hills, CA 90212-2929
     Tel: (310) 271-6223
     Fax: (310) 271-9805
     E-mail: michael.berger@bankruptcypower.com

                    About C2 Plumbing Inc.

C2 Plumbing, Inc., is a privately owned company specializing in
commercial plumbing construction.  It filed for bankruptcy
protection on Nov. 15, 2019 (Bankr. C.D. Cal. Case No. 19-23459).
The petition was signed by Shawna Leigh Cronin, president and chief
financial officer.  The Debtor listed total assets of $163,589 and
total liabilities of $1,278,148.

Judge Vincent P. Zurzolo is the presiding judge.

Michael Jay Berger, Esq., of the LAW OFFICES OF MICHAEL JAY BERGER,
represents the Debtor.


CAH ACQUISITION 3: CBSG Objects to Liquidating Plan
---------------------------------------------------
Complete Business Solutions Group, Inc., objects to the Trustee's
Disclosure Statement for Amended Plan of Orderly Liquidation and
Amended Chapter 11 Plan of Orderly Liquidation filed herein by the
Chapter 11 Trustee.

CBSG points out that the Disclosure Statement must contain adequate
information which means information of a kind, and in sufficient
detail, as far as is reasonably practical in light of the nature
and history of the Debtor and the condition of the Debtor's books
and records that would enable a hypothetical investor to make an
informed judgment about the Amended Plan.

According to CBSG, the Trustee's Plan has not been proposed in good
faith as required by 11 U.S.C.

CBSG asserts that the Trustee's Plan fails to satisfy the best
interests of creditors' test as set forth in U.S.C. 1129(a)(7).

CBSG complains that the Trustee's Plan does not comply with the
provisions of U.S.C. 1129(b)(1).

CBSG points out that the Trustee's Plan also violates the
provisions of 11 U.S.C. in that CBSG will not receive the amount of
its claim and deferred cash payments totaling at least the allowed
amount of said claim as of the effective date of the Plan of at
least CBSG's interest in the property which it owns or its lien on
the personal property or the tracts of real property.

Attorneys for Complete Business Solutions Group:

         William Walt Pettit
         HUTCHENS LAW FIRM LLP
         6230 Fairview Road, Suite 315
         Charlotte, NC 28210
         Telephone: (704) 362-9255
         E-mail: walt.pettit@hutchenslawfirm.com

                About Horton Community Hospital

CAH Acquisition Company # 3, LLC, d/b/a Horton Community Hospital,
owns a 25 bed critical access hospital in Saint Louis, Missouri.
Services -- http://www.horton-hospital.com/-- include diagnostic
and therapeutic services, 24 hour emergency care, convenient and
specialized outpatient resources, pharmaceutical services and other
services.  

The Company previously sought bankruptcy protection on Oct. 10,
2011 (Bankr. W.D. Mo. Case No. 11-44741).

The Company again sought Chapter 11 protection (Bankr. E.D.N.C.
Case No. 19-01180) on March 14, 2019.  The Debtor was estimated to
have assets of $0 to $50,000 and liabilities of $1 million to $10
million.  The Hon. Joseph N. Callaway is the case judge.  SPILMAN
THOMAS & BATTLE, PLLC, is the Debtor's counsel.

On March 15,2019, Thomas W. Waldrep, Jr., was appointed as Chapter
11 Trustee for the Debtor.  The Trustee's own firm, WALDREP LLP,
serves as counsel in the Chapter 11 case.  On Oct. 22, 2019, Employ
Sherwood Partners, Inc., was appointed as sales agent for the
Trustee.


CARBUCKS OF CAROLINA: Plan & Disclosures Hearing on Jan. 29
-----------------------------------------------------------
Judge Roberta A. Colton has ordered that the Disclosure Statement
of Carbucks of Carolina, Inc., is conditionally approved.

The Court will conduct a hearing on 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 on
Jan. 29, 2020 at 10:00 a.m. in Tampa, FL − Courtroom 9B, Sam M.
Gibbons United States Courthouse, 801 N. Florida Avenue.

Objections to confirmation must be filed and served no later than
seven days before the date of the Confirmation Hearing.

The Plan Proponent must file a ballot tabulation no later than 96
hours prior to the time set for the Confirmation Hearing.

                  About Carbucks of Carolina

Carbucks of Carolina, Inc. -- http://www.carbuckscorp.com/-- is a
car and vehicle title loan company operating in Georgia, South
Carolina, and Delaware, and nationally with its online title
lending service.  The company provides financing based on the value
of its clients' cars, truck commercial vehicles, boats, and
motorcycles.

Carbucks of Carolina filed a voluntary Chapter 11 petition (Bankr.
M.D. Fla. Case No. 19-06503) on July 10, 2019.  In the petition
signed by Philip Heitlinger, president, the Debtor was estimated to
have $100,000 to $500,000 in assets and $1 million to $10 million
in liabilities.  Alberto F. Gomez Jr., Esq., at Johnson Pope Bokor
Ruppel & Bums, LLP, represents the Debtor.


CHARLENE CORP: Unsec. Creditors to Recover 100% Under Plan
----------------------------------------------------------
Charlene Corporation, Inc., filed a proposed reorganization plan
that contemplates the Debtor's continued operation of its jewelry
business.

The Debtor's financial projections show that the Debtor will have
an aggregate annual average cash flow, after paying operating
expenses and post-confirmation taxes, of $ 50,000.  he final Plan
payment is expected to be paid March 1, 2024.

Under the Plan, general unsecured claims in Class 3, comprised of
$157,500 Judgment held by Oanh Nguyen, will be paid 100% after
satisfaction of administrative expenses and claims of creditors in
Classes 1 and 2.  Distribution to this class will be made within 48
months of Plan confirmation with equal monthly installments.

A full-text copy of the Disclosure Statement dated Dec. 2, 2019, is
available at https://tinyurl.com/sh5wx22 from PacerMonitor.com at
no charge.

Counsel for the Debtor:

     Michael S. Woll
     4405 East West Hwy., No. 201
     Bethesda, MD 20814
     E-mail: michaelswoll@wolllaw.com

                  About Charlene Corporation

Charlene Corporation is in the retail business of gold and jewelry
sales, and operates its business exclusively within leased space
located at the Langley Park Plaza Shopping Center, 7923 New
Hampshire Ave., Hyattsville, MD20783.  It is solely owned by Ms.
Xuan Hoang T. Nguyen, (Ms. Nguyen) who has solely owned the
business since 2015.

Based in Hyattsville, Maryland, Charlene Corporation sought Chapter
11 protection (Bankr. D. Md. Case No. 19-22991) on Sept. 30, 2019,
listing under $1 million in both assets and liabilities.  Michael
S. Woll, Esq. at Woll & Woll, P.A. represents the Debtor.    


CINCINNATI BELL: S&P Puts 'B' ICR on Watch Neg. on Brookfield Deal
------------------------------------------------------------------
S&P Global Ratings placed all of its ratings on Cincinnati Bell
Inc., including its 'B' issuer credit rating, on CreditWatch with
negative implications.

The CreditWatch placement follows Cincinnati Bell's announcement
that it has entered into an agreement to sell itself to Brookfield
Infrastructure Partners for approximately $2.6 billion including
debt. The transaction will take Cincinnati Bell private. If the
company's shareholders and regulators approve the proposed
agreement, it will exchange each share of its common stock for
$10.50.

S&P will resolve the CreditWatch placement once the transaction
closes, which it believes will most likely occur by the end of
2020, and it is able to assess the company's capital structure,
financial policy, and strategic direction.



CLOUD PEAK: CFO Files Declaration In Support of Plan
----------------------------------------------------
Heath Hill, executive vice president, and chief financial officer
of Cloud Peak Energy Inc., et al., submitted to the Bankruptcy
Court a declaration on behalf of the Debtors and in support of
confirmation of the Debtors' Revised First Amended Joint Chapter 11
Plan.

Mr. Hill noted that he has attended numerous meetings and calls and
has spent countless hours working closely with the other members of
the Debtors' existing or former management team, and the Debtors'
legal counsel, financial advisors, and board of directors, as well
as with Navajo Transitional Energy Company, LLC, the purchaser of
substantially all of the Debtors' operating assets, the Committee,
the Prepetition Secured Noteholder Group, and other key
stakeholders and certain of their respective advisors on matters
related to the sale of substantially all of the Debtors' operating
assets to the Purchaser and restructuring of the Debtors in these
Chapter 11 Cases.

From the outset of these Chapter 11 Cases, the Debtors emphasized
their commitment to engage in good-faith negotiations with any
appointed official committee of unsecured creditors and, consistent
with this commitment, the Debtors and the Committee have worked in
good faith, together with the Prepetition Secured Noteholder Group,
to resolve all of the Committee’s concerns.

Mr. Hill believes that each Debtor has proposed the Plan in good
faith and that the terms set forth in the Plan are the best
available alternative for maximizing value for all stakeholders.
The Plan was formulated through extensive negotiations with the
Debtors' various stakeholders, including, most notably, the
Prepetition Secured Noteholder Group and the Committee.

It is essential that the Debtors' Plan be confirmed and go
effective as soon as possible. Time is of the essence and a quick
exit from bankruptcy is in the best interests of the Debtors, the
Reorganized Debtors, and their stakeholders because such emergence
will reduce the administrative costs on the Debtors, will enable
the Reorganized Debtors to implement their business strategy going
forward, and will reduce uncertainty for all stakeholders.

A full-text copy of the Hill Declaration is available at
https://tinyurl.com/uzu5rua from PacerMonitor.com at no charge.

            About Cloud Peak Energy

Cloud Peak Energy Inc. (OTC:
CLDPQ)--http://www.cloudpeakenergy.com/-- is a coal producer
headquartered in Gillette, Wyo. It mines low sulfur, subbituminous
coal and provides logistics supply services. Cloud Peak owns and
operates three surface coal mines and owns rights to undeveloped
coal and complementary surface assets in the Powder River Basin. It
is a sustainable fuel supplier for approximately two percent of the
nation's electricity.

Cloud Peak Energy and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No.19-11047) on May 10, 2019. The Debtors disclosed $928,656,000 in
assets and $634,982,000 in liabilities as of the bankruptcy
filing.

The cases are assigned to Judge Kevin Gross.

The Debtors tapped Vinson & Elkins LLP as lead counsel; Richards,
Layton & Finger, P.A., as local counsel; Centerview Partners LLC as
investment banker; FTI Consulting Inc. as operational advisor; and
Prime Clerk LLC as claims and noticing agent.


COGECO COMMUNICATIONS: DBRS Confirms BB(high) Issuer Rating
-----------------------------------------------------------
DBRS Limited confirmed Cogeco Communications Inc.'s Issuer Rating
at BB (high) and its Senior Secured Notes & Debentures rating at
BBB (low) with a recovery rating of RR1. All trends are Stable. The
confirmations are supported by Cogeco's effective deleveraging
following the MetroCast acquisition in January 2018 and stable
operating results. The ratings consider the Company's established
footprint in existing markets and the growth potential of the U.S.
broadband segment (Atlantic Broadband or ABB), including the impact
of the USD 1.4 billion MetroCast acquisition while reflecting
intensifying competition, risks associated with technological and
regulatory changes, and the lack of a wireless offering.

Cogeco's earnings profile through F2019 remained stable as
consolidated revenue and earnings continued to perform in line with
expectations, reflecting solid revenue and EBITDA growth at ABB and
modest EBITDA growth in the Canadian broadband business. The
Company divested its capital-intensive data services business,
Cogeco Peer 1, on April 30, 2019, and further streamlined internal
operations, which should support future growth.

As expected, Cogeco continued to reduce leverage following the Q2
F2018 MetroCast acquisition ending F2019 at a lease-adjusted gross
debt-to-EBITDA of 3.13 times (x), a level that is sufficient to
maintain the current rating and well down from 3.63x in F2018.
Year-end F2019 cash was $557 million.

DBRS Morningstar expects Cogeco's earnings profile to be stable in
the near to medium term, reflecting the benefits of continued
strong results at ABB, an increase in the proportion of revenue
derived from the U.S. (geographic and service diversification) and
a management team that is now exclusively focused on its broadband
businesses following the Cogeco Peer 1 divestiture. DBRS
Morningstar forecasts consolidated revenue of approximately $2.4
billion in F2020 and low- to mid-single-digit growth through F2023,
primarily reflecting the positive earnings impact of the MetroCast
acquisition and strong ABB growth prospects. F2020 EBITDA margins
are expected to remain in the 47% to 48% range, reflecting improved
margin performance at ABB. As such, EBITDA is expected to rise to
$1.1 billion to $1.2 billion in F2020 and then grow in the low- to
mid-single-digit range through F2023.

Cogeco's financial profile is expected to remain supportive of the
current rating as the Company has successfully deleveraged
following the MetroCast acquisition. DBRS Morningstar notes that,
over the last 10 years, Cogeco has an impressive track record of
using debt to either fund or partially fund acquisition activity
and then effectively reduce leverage within an 18- to 24-month
period after the close. While Cogeco may continue to use free cash
flow to deliver its balance sheet over the near to medium term
toward—and possibly below—3.0x, DBRS Morningstar believes that
it is highly likely that the Company will pursue debt-financed
growth opportunities, including company and/or asset acquisitions
in the future.

Looking ahead, if operating metrics were to deteriorate materially
and/or leverage move structurally higher, a negative Issuer Rating
action may result. Conversely, while DBRS Morningstar considers it
unlikely, if lease-adjusted gross debt to EBITDA were to trend
meaningfully and sustainably below 3.0x, and/or operating
performance were to consistently outpace expectations, a positive
Issuer Rating action may occur.

Notes: All figures are in Canadian dollars unless otherwise noted.


COMER ENTERPRISES: Exclusivity Period Extended to Jan. 15
---------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
issued a bridge order extending the exclusivity period for Comer
Enterprises Inc. to file a Chapter 11 plan of reorganization to
Jan. 15, 2020.

The hearing to consider the full relief requested in the
exclusivity motion filed by the company is scheduled for Jan. 15,
2020, at 11:30 a.m.

Comer Enterprises said it needs additional time to finalize claims
review and undertake necessary steps to resolve disputed claims.

The bar date for all claims and interests by creditors and equity
security holders expired on Oct. 24.  Meanwhile, governmental units
have until Feb. 14 next year to file their claims.  

                   About Comer Enterprises

Comer Enterprises Inc. provides staffing services and specializes
in identifying the right fit for a company through
technology-centric and aptitude-encompassing hiring algorithms.  It
conducts business under the name CE Solutions.                    

Comer Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 19-15182) on Aug. 18,
2019.  At the time of the filing, the Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range.  The case is assigned to Judge Magdeline D. Coleman. Smith
Kane Holman, LLC, is the Debtor's legal counsel.


CONCRETE GUYS: Seeks to Hire Peter C. Nabhani as Counsel
--------------------------------------------------------
Concrete Guys, Inc., seeks authority from the U.S. Bankruptcy Court
for the Northern District of Illinois to employ the Law Office of
Peter C. Nabhani, as counsel to the Debtor.

Concrete Guys requires Peter C. Nabhani to:

   a. assist the Chapter 11 Debtor in the preparation of the
      bankruptcy petition;

   b. assist in the process of completing the Schedules,
      Statements, Chapter 11 Plan;

   c. negotiate a cash collateral order;

   d. assist in restructuring the Debtor's financial interest;
      and

   e. obtain approval of a disclosure statement and plan of
      reorganization.

Peter C. Nabhani has agreed to be paid for a flat fee of $15,000.

Prior to the filing of the Chapter 7 case, the Debtor paid the
amount of $3,000.

Peter C. Nabhani, a partner of the Law Office of Peter C. Nabhani,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Peter C. Nabhani can be reached at:

     Peter C. Nabhani, Esq.
     Law Office of Peter C. Nabhani
     77 W. Washington Street, Suite 1507
     Chicago, IL 60602
     Tel: (312) 219-9149
     E-mail: pcnabhani@gmail.com

                      About Concrete Guys

Concrete Guys Inc., filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ill. Case No. 19-30071) on Oct. 22, 2019, disclosing under $1
million in both assets and liabilities.  The Debtor is represented
by Peter C. Nabhani, partner of the Law Office of Peter C. Nabhani.


CONN'S INC: S&P Alters Outlook to Stable, Affirms 'B' ICR
---------------------------------------------------------
S&P Global Ratings revised the outlook on Woodlands, Texas-based
retailer of durable consumer goods Conn's Inc. to stable from
positive.

At the same time, S&P also affirmed all of its ratings on the
company, including the 'B' issuer credit rating and the issue-level
ratings on the asset-based lending facility and senior notes.

S&P expects that sales declines in consumer electronics will remain
a pressure on same-store sales over the next 12 months.   Conn's
Inc. attributed roughly 3%-4% of the 8.4% decline in same-store
sales in the third quarter of fiscal 2020 (ended Oct. 31, 2019) to
a substantial decline in the selling prices of large-screen
televisions across the retail industry, in part due to increased
production by second- and third-tier manufacturers. As a result of
that price decline, Conn's core customer group (subprime consumers
with minimal cash availability) were able to make purchases using
cash or existing financing options at other retailers.

"The stable outlook reflects our expectations for same-store sales
to remain negative over the next 12 months, with Conn's adjusting
underwriting to prudently lend to a growing new customer group. We
anticipate S&P Global Ratings-adjusted debt will remain under 5x
even in the event of an operating trough," the rating agency said.

S&P could lower the rating if portfolio quality deteriorates
substantially without clear prospects for improvement. S&P would
also consider a lower rating if it anticipated a sustained
deterioration in profitability at the retail segment.

"We could raise the rating if Conn's executes its rapid growth
strategy, while also generating sustainably positive same-store
sales and maintaining or improving quality at the credit segment.
Under this scenario, we would likely view its competitive position
as strengthened. We would also consider an upgrade if Conn's
reduced debt or grew EBITDA such that we would expect leverage to
be maintained below 4x in an operating trough," S&P said.


CORT & MEDAS: Rosewood to Sell the Properties to Fund Plan
----------------------------------------------------------
Debtor Cort & Medas Associates, LLC filed with the U.S. Bankruptcy
Court for the Eastern District of New York a First Amended
Disclosure Statement for First Amended Plan of Reorganization.

The Debtor is engaged in the business of owning and operating the
real properties
known as and located at 1414 Utica Avenue, Brooklyn New York 11203,
which is a two-storey commercial building, and 1376 Utica Avenue,
Brooklyn New York 11203, which is a parking lot (collectively, the
"Properties"). The Debtor leases the Properties to Tri-Borough Home
Care, Ltd.

As the means to implement the Plan, the Debtor, through its
proposed brokers, Rosewood Realty Group, will market and sell the
Properties through a public auction pursuant to the Bid Procedures
on a date to be held after the Confirmation Date.

Under the Plan, Class 5 consists of General Unsecured Claims.
Subject to the provisions of Article 7 of the Plan with respect to
Disputed Claims, to the extent that any funds are available from
the Net Sale Proceeds after full payment of all Statutory Fees,
Allowed Administrative Claims, and the Allowed Claims in Classes 1
through Class 4, each holder of an Allowed Class 5 General
Unsecured Claim shall be paid a Pro Rata Cash distribution out of
the Net Sale Proceeds on the later of: (i) thirty (30) days after
the Effective Date or (ii) three business days after such Claim
becomes an Allowed Claim.

Class 6 consists of Insider Claims. Subject to the provisions of
Article 7 of the Plan with respect to Disputed Claims, to the
extent that any funds are available from the Net Sale Proceeds
after full payment of all Statutory Fees, Allowed Administrative
Claims, and the Allowed Claims in Classes 1 through Class 5, each
holder of an Allowed Class 6 Insider Claim shall be paid a Pro Rata
Cash distribution out of the Net Sale Proceeds on the later of: (i)
thirty (30) days after the Effective Date or (ii) three business
days after such Claim becomes an Allowed Claim.

Class 7 consists of Allowed Interests. Kendrick Cort, the holder of
the Class 7 Interests in the Debtor, shall retain such Interests
and will receive the remaining amount of the Net Sale Proceeds as
promptly as practicable after the payment to holders of Allowed
Statutory Fees, Allowed Administrative Claims, Allowed
Non-Classified Claims, and Allowed Claims in Classes 1 through 6.

All payments required to be made under this Plan shall be made by
the Disbursing Agent in accordance with the terms of this Plan from
the Net Sale Proceeds to be held by counsel for the Debtor in an
escrow account.

A full-text copy of the Amended Disclosure Statement is available
at https://tinyurl.com/rout6ke from PacerMonitor.com at no charge.

The Debtor is represented by:

  Joel M. Shafferman
  SHAFFERMAN & FELDMAN LLP
  137 Fifth Avenue, 9th Floor
  New York, New York 10017
  Tel: (212) 509-1802

             About Cort & Medas Associates

Cort & Medas Associates, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 19-41313) on March 6,
2019. At the time of the filing, the Debtor was estimated to have
assets and liabilities of between $1 million and $10 million. The
case is assigned to Judge Carla E. Craig. Shafferman & Feldman LLP
is the Debtor's legal counsel.


CP#1109 LLC: Jan. 23 Plan Confirmation Hearing Set
--------------------------------------------------
Judge Mindy A. Mora found the disclosure statement in support of
CP#1109, LLC's Chapter 11 plan as containing "adequate
information", thus allowing the Debtor to send solicitation
packages to creditors and seek confirmation of the Plan.

The Court ordered that the hearing to consider confirmation of the
Chapter 11 plan, and fee applications filed in the case is on
Thursday, Jan. 23, 2020 at 1:30 p.m. in United States Bankruptcy
Court, Flagler Waterview Building, 1515 North Flagier Drive, 8th
Floor, Courtroom A, West Palm Beach FL 33401.

The deadline for objections to confirmation is on Jan. 9, 2020.

The deadline for filing ballots accepting or rejecting plan is on
Jan. 9, 2020.

The deadline for objections to claims was Dec. 14, 2019.

                     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.


DAH UNIVERSITY: Wins Confirmation of Reorganization Plan
--------------------------------------------------------
Judge Caryl E. Delano has confirmed the Chapter 11 Plan of
Reorganization of DAH University Hospitality, LLC, d/b/a Fuzzy's
Taco Shop.

The Court also granted final approval of DAH's Disclosure
Statement.

The United States of America/SBA submitted a plan confirmation
objection but later withdrew the objection.

"The Plan is confirmed in all respects, subject to the following
modification announced by the parties at the Confirmation Hearing:
In the event Debtor  defaults on the payments to be made to the SBA
under the Confirmed Plan, upon the filing of a motion, SBA's lien
on the collateral of its loan shall be reinstated," Judge Delano
ruled.

As reported in the TCR, the Debtor has filed a Plan that will
provide to each unsecured creditor, with allowed claims, a
promissory note that shall have a term of 72 months, with payments
commencing 12 months from the effective date of the Plan. The
amount to be paid under the Notes will be the amount of 15% of the
allowed claim of the creditor.  The equity member, David A. Hunt,
will retain ownership by providing new value.  The Plan will be
funded from the future income of the Debtor.

A full-text copy of the Disclosure Statement dated Oct. 8, 2019, is
available at https://tinyurl.com/y5r9abcr from PacerMonitor.com at
no charge.

A copy of the Plan Confirmation Order is available at:

                   https://tinyurl.com/w8h4nn3

                 About DAH University Hospitality

DAH University Hospitality, LLC's business, which opened in 2015,
is a Fuzzy's Taco Shop franchise restaurant and bar located at 2515
University Park Way, Sarasota, FL 34232.

DAH University Hospitality sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-05845) on June
20, 2019.  At the time of the filing, the Debtor was estimated to
have assets of less than $50,000 and liabilities of less than $1
million.  The Debtor is represented by Timothy W. Gensmer, PA.


DASA ENTERPRISES: Girod Says 30-Year Plan Not Confirmable
---------------------------------------------------------
Girod Titling Trust filed an objection the Disclosure Statement
explaining DASA Enterprises, Inc.'s Chapter 11 Plan.

According to Girod, the Disclosure Statement should not be approved
because it does not contain adequate information as required by
Section 1125 of Title 11 of the United States Code, and thus
creditors cannot make informed decisions regarding the plan
proposed by the Debtor and its contents.

Additionally, according to the Girod, the Plan is patently
unconfirmable, as it is not feasible, does not pay sufficient
interest to Girod, violates the absolute priority rule, improperly
gerrymanders Girod's unsecured claim, contains impermissible third
party releases, and was not proposed in good faith.

On May 25, 2012, DASA executed a Promissory Note payable to the
order of First NBC Bank, in the principal amount of $1,440,000,
payable on demand, with a fixed interest rate of 6.75% as provided
for therein until paid, plus default interest, reasonable
attorney's fees in an amount not exceeding 25.000% of the principal
balance due on the loan, together with late charges, court costs,
expenses, and other fees and charges as provided therein.  As of
the Petition Date, Girod's claim against the Debtor is $1,826,612,
which consists of the principal of the Promissory Note, late fees,
and interest at the contract and default rate, which is 9.75%.

Girod claims that the Plan is not confirmable, citing that:

   * A plan must propose to pay out the claim over a reasonable
period of time.  Girod has not yet determined whether it will elect
to have its claim treated as fully secured under 11 U.S.C. Sec.
1111(b).  However, the Debtor's Plan states that if Girod does so,
then its claim will be paid over three hundred and sixty months --
30 years.

   * The Debtor provides no information or projections establishing
how the business of the Debtor's principal, which funds the rent
that supports the Plan payments, can sustain such payments for 30
years.

Counsel for Girod Titling Trust:

     Scott R. Cheatham
     G. Robert Parrott II
     Adams and Reese LLP
     701 Poydras St., Suite 4500
     New Orleans, LA 70139
     Telephone: (504) 581-3234
     Facsimile: (504) 566-0210
     E-mail: robert.parrott@arlaw.com

                    About Dasa Enterprises

Based in New Orleans, LA, DASA Enterprises, Inc., is a single asset
real estate debtor as defined in 11 U.S.C. Section 101(51B).  The
Company previously sought bankruptcy protection (Bankr. E.D. La.
Case No. 14-10609) on March 18, 2014.

DASA Enterprises filed a Chapter 11 petition (Bankr. E.D. La. Case
No. 19-11064) on April 22, 2019.  In the petition signed by Sidney
Abusch, president, the Debtor disclosed $1,865,000 in assets and
$2,364,019 in liabilities.  The Hon. Jerry A. Brown oversees the
case.  Leo D. Congeni, Esq., at Congeni Law Firm, LLC, serves as
bankruptcy counsel to the Debtor.  Patrick J. Gros, CPA, APAC,
serves as accountant to the Debtor.


DASA ENTERPRISES: US Trustee Says Plan Not Feasible
---------------------------------------------------
David W. Asbach, Acting United States Trustee for Region 5, says
the  Disclosure Statement filed by DASA Enterprises, Inc., should
not be approved because it describes a Plan that is not feasible.

The US Trustee points out that the Disclosure does not meet the
statutory requirement of adequate information.  In addition,
according to UST, the Disclosure describes a plan that is not
feasible and is incapable of confirmation.

The U.S. Trustee said, "The Disclosure describes a plan which
violates the absolute priority rule and cannot be confirmed.  The
Plan calls for its current owner to retain his  equity interest.
Section  1129(b)(2)(B) requires where there is an non-accepting
class, that the holder of an interest junior to unsecured claims
will not receive or retain under the plan "any interest in
property."  The  case is  bereft of financial information
indicating that the Debtor has sufficient disposable income to pay
creditors in full, yet the plan calls for the owner to retain
ownership of the LLC, including its real estate.  No evidence
exists that the Debtor has paid "new value"..."

                     About Dasa Enterprises

Based in New Orleans, LA, DASA Enterprises, Inc., is a single asset
real estate debtor as defined in 11 U.S.C. Section 101(51B). The
Company previously sought bankruptcy protection on March 18, 2014
(Bankr. E.D. La. Case No. 14-10609).

DASA Enterprises filed a Chapter 11 petition (Bankr. E.D. La. Case
No. 19-11064) on April 22, 2019.  In the petition signed by Sidney
Abusch, president, the Debtor disclosed $1,865,000 in assets and
$2,364,019 in liabilities.  The Hon. Jerry A. Brown oversees the
case.  Leo D. Congeni, Esq., at Congeni Law Firm, LLC, serves as
bankruptcy counsel to the Debtor.  Patrick J. Gros, CPA, APAC,
serves as accountant to the Debtor.


DIGIPATH INC: Dr. Cindy Orser Resigns from All Positions
--------------------------------------------------------
Dr. Cindy Orser submitted a letter of resignation to Digipath, Inc.
pursuant to which Dr. Orser informed the Company that she will be
resigning from all of her positions with the Company and its
subsidiaries, including her position as a director of the Company,
effective Jan. 20, 2020.

                       About DigiPath

Headquartered in Las Vegas, Nevada, Digipath, Inc., through its
Digipath Labs, Inc. subsidiary, provides pharmaceutical-grade
analysis and testing to the cannabis industry, under ISO-17025:2017
guidelines, to ensure consumers and patients know exactly what is
in the cannabis they ingest and to help maximize the quality of its
clients' products through research, development, and
standardization.  Through its business unit, The National Marijuana
News Corp., the Company provides a "balanced and unbiased approach"
to cannabis news, interviews and education with a news/talk
podcast, national marijuana news website and social media presence
focusing on the political, economic, medicinal, scientific, and
cultural dimensions of the rapidly evolving -- and profoundly
controversial—medicinal and recreational marijuana industry.
Visit https://digipath.com for more information.

Digipath reported a net loss of $1.65 million for the year ended
Sept. 30, 2018, following a net loss of $1.06 million for the year
ended Sept. 30, 2017.  As of June 30, 2019, the Company had $1.39
million in total assets, $668,257 in total liabilities, and
$720,703 in total stockholders' equity.

M&K CPAS, PLLC, in Houston, Texas, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
Dec. 27, 2018, on the consolidated financial statements for the
year ended Sept. 30, 2018, citing that the Company has recurring
losses from operations and insufficient working capital, which
raise substantial doubt about its ability to continue as a going
concern.


DIGNITY GROUP: Guel Buying Dallas Home for $165K
------------------------------------------------
The Dignity Group, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Texas to authorize the sale of a home at 4835
Burnside Avenue, Dallas, Texas to Rodolfo Torres Guel for
$$165,000.

The Debtor's business consists of purchasing, repairing and selling
houses in the Dallas area.  It has received a contact for the
purchase of the Property.  A Contract has been executed.  The
purchase price is $165,000.  The Debtor would show that the sale
price for the Property would cover all outstanding lien claims
against the Property.  The closing is set for Dec. 30, 2019.  

The Debtor asks that the Court authorizes it to sell the Property
free and clear of all liens claims and encumbrances and allow the
liens against the Property to attach to the proceeds of the sale.
It asks that the Court allows it to sell the Property free and
clear of all liens claims and encumbrances and that the net sales
proceeds be placed into the DIP account with all liens attaching to
the proceeds and not to be distributed without further order of the
Court.

A copy of the Contract is available at https://tinyurl.com/r2tpm94
from PacerMonitor.com free of charge.

                   About The Dignity Group

The Dignity Group LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Texas Case No. 19-32633) on Aug. 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.
Eric A. Liepins, P.C., is the Debtor's legal counsel.


DIGNITY GROUP: Proposes Sale of Dallas Home for $174K
-----------------------------------------------------
The Dignity Group, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Texas to authorize the sale of a home at 7626
Wesleyan, Dallas, Texas for $174,000.

The Debtor's business consists of purchasing, repairing and selling
houses in the Dallas area.  It has received a contact for the
purchase of the Property.  A Contract has been executed.  The
purchase price is $174,000.  The Debtor would show that the sale
price for the Property would cover all outstanding lien claims
against the Property.  The closing is set for Jan. 10, 2020.

The Debtor asks that the Court authorizes it to sell the 7626
Wesleyan property free and clear of all liens claims and
encumbrances and allow the liens against the Property to attach to
the proceeds of the sale.  It asks that the Court allows it to sell
the Property free and clear of all liens claims and encumbrances
and that the net sales proceeds be placed into the DIP account with
all liens attaching to the proceeds and not to be distributed
without further order of the Court.

                    About The Dignity Group

The Dignity Group LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Texas Case No. 19-32633) on Aug. 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.
Eric A. Liepins, P.C., is the Debtor's legal counsel.


DIJA HOLDINGS: Plan Payments to be Funded by Property Sale Proceeds
-------------------------------------------------------------------
Dija Holdings LLC filed with the U.S. Bankruptcy Court for the
District of North Dakota a Second Amended Disclosure Statement and
Second Amended Plan of Reorganization dated December 3, 2019.

Under the Plan, the Class III claims are the allowed general
unsecured claims of DW Excavating Services, Keogh Law Office,
Carquest, Ryerson Concrete LLC, and Norm Friedland. The Class III
creditors will be paid in full on the principal balance of
$114,066.40 over 36 months with interest accruing at the Federal
Judgment Rate in monthly installments commencing on the Effective
Date. The principal balance equals 100% of the total value of
unsecured and undisputed claims as reported on the Debtor's Amended
Schedules. The projected monthly payment to the Class III creditors
is $3,244.30.

The Class IV creditor is the membership interest of Debtor's sole
member, Jason Gillen. Mr. Gillen shall retain his membership
interest and is unimpaired. He will receive no ownership draws or
salary pending satisfaction of Class II Creditor's Allowed Claim.

The Liquidation Analysis demonstrates that if the property is sold
for its fair market value as reported on the Debtor's Amended
Schedules, there will be sufficient funds to pay all the costs due
at closing, the secured creditor, and the unsecured and undisputed
creditors in full. The general unsecured creditors will, therefore,
be paid their allowed claims at the Federal Judgment Rate.

The feasibility of the Debtor's Plan of Reorganization is based on
continuing to lease the Real Property to Westex Oilfield Services
or another tenant with a triple net lease with monthly payments
equal to or exceeding $7,250 per month.

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

The Debtor is represented by:

Molly S. Considine
mconsidine@ppbglaw.com
PATTEN, PETERMAN, BEKKEDAHL & GREEN P.L.L.C.
2817 2nd Avenue North, Ste. 300
P.O. Box 1239
Billings, MT 59103

                 About Dija Holdings

Dija Holdings, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.D. Case No. 19-30408) on July 18, 2019.
In the petition signed by Jason Gillen, managing member, Dija
Holdings was estimated to have assets of less than $500,000 and
liabilities of less than $1 million. The case has been assigned to
Judge Shon Hastings. Dija Holdings is represented by Patten,
Peterman, Bekkedahl & Green PLLC.

No official committee of unsecured creditors has been appointed in
the Debtor's case.



DK ENTERPRISES: Allowed to Use Cash Collateral on Final Basis
-------------------------------------------------------------
Judge James R. Sacca of the U.S. Bankruptcy Court for the Northern
District of Georgia signed a final order authorizing DK Enterprises
of GA, Inc., and its debtor-affiliates to use cash collateral only
for Permitted Purposes.

The Lenders are granted liens upon all personal property of
Debtors, wherever located and whether created, acquired or arising
prior to or after the Petition Date, to the extent and in the
priority as Lenders' liens and security interests existed as of the
Petition Date. The Adequate Protection Liens are granted as
adequate protection against any diminution in the value of any
liens and security interests of Lenders in any property of Debtors
(including, without limitation, the Collateral) resulting from the
imposition of the automatic stay or any use, sale, consumption or
other disposition of such property (whether pursuant to this or any
other order of the Court or the Bankruptcy Code).

Lenders will have an allowed administrative expense claim pursuant
to 11 U.S.C. Section 507(b), with priority over all other
administrative expenses and other claims. However, that such claims
will not have priority over the Court and U.S. Trustee Fees and any
Carve-Out included in the Final Order.

                 About DK Enterprises of GA

DK Enterprises is the holder of all of the membership interests in
four separate single purpose limited liability companies that
operate as Atlanta Bread Company franchisees, including DK 141 and
DK Roswell.  DK 141 operates an Atlanta Bread Company franchise
located in The Collections at Forsyth, 141 Peachtree Parkway, Suite
116, Cumming, GA.  DK Roswell operates an Atlanta Bread Company
franchise located at Stonebridge Square Shopping Center, 640 West
Crossville Road, Suite 100, Roswell, GA.  The other two locations
were operated by DK Enterprises of Cumming, LLC, which operated an
Atlanta Bread Company franchise located at the Cumming Marketplace,
908 Buford Road, Cumming, GA, and DK Enterprises of Dunwoody, LLC,
which operated an Atlanta Bread Company franchise located at
Perimeter Pointe, 1155 Mount Vernon Highway, Suite 1200, Atlanta,
GA 30338.  DK Cumming and DK Dunwoody have ceased operating and
filed petitions under Chapter 7.

DK Enterprises of GA, Inc., based in Cumming, GA, filed a Chapter
11 petition (Bankr. N.D. Ga. Lead Case No. 19-21389) on July 17,
2019.  In the petition signed by Dean Ditmar, president, DK
Enterprises of GA was estimated to have $50,000 to $100,000 in
assets and $1 million to $10 million in liabilities.  

The Hon. James R. Sacca oversees the case.  

G. Frank Nason, IV, Esq., at Lamberth Cifelli Ellis & Nason, P.A.,
serves as bankruptcy counsel to the Debtor.


DMT SOLUTIONS: S&P Alters Outlook to Negative, Affirms 'B-' ICR
---------------------------------------------------------------
S&P Global Ratings affirmed its ratings on mail inserting, sorting,
and printing equipment and services provider DMT Solutions Global
Corp.(DMT), including its 'B-' issuer credit rating to reflect its
expectation that the company's performance will improve over the
coming year as it closes upon delayed sales contracts following its
transition to a stand-alone entity, one-time costs related to the
carve-out dissipate, and working capital levels begin to
normalize.

The negative outlook reflects the risk the company's cash flows and
liquidity profile will continue to be constrained over the next 12
months by weak operating performance, one-time costs, and working
capital use of cash.   DMT's year-to-date 2019 operating
performance was below S&P's expectations. The company has faced
many challenges since the Pitney Bowes carve-out in July 2018 like
contract renewal delays in the services business segment,
higher-than-expected one-time stand-up costs, and increased use of
cash to fund working capital due to delays in monetizing
receivables following an enterprise systems planning (ERP) software
implementation. As a consequence, the company's liquidity position
has declined. DMT had about $16 million of cash and accessible
revolving credit facility capacity as of September 2019, which,
along with expected improvement in operating performance should be
sufficient to fund its operations over the coming year. However,
S&P has revised its liquidity assessment of the company to less
than adequate to reflect the company's limited liquidity cushion.
Furthermore, the outlook revision reflects S&P's view that DMT has
limited flexibility to accommodate additional operating
underperformance because it could materially weaken its liquidity
position and cause its capital structure to become unsustainable."

The negative outlook reflects the risk that DMT's cash flows and
liquidity could continue to be constrained over the next 12 months
due to operating challenges, which would cause its capital
structure to become unsustainable and elevate the risk of a
default.

"We could lower the rating over the next 12 months if the company
continues to face operating challenges in the form of continued
one-time costs, difficulty reducing its working capital levels, as
well as difficulty maintaining revenue stability. These changes
would result in continued low or negative cash flow generation and
would cause us to view the company's capital structure as
unsustainable," S&P said.

"We could revise our outlook to stable if the company is able to
meet our forecasts, growing revenues in the fourth quarter of 2019,
significantly reducing one-time costs, and converting working
capital to cash such that it is able to generate at least $20
million of free operating cash flow over the next 12 months," the
rating agency said.


DUCOMMUN INC: S&P Rates New $140MM Term Loan A Due 2024 'BB-'
-------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '4'
recovery rating to Ducommun Inc.'s proposed $140 million term loan
A due 2024. The '4' recovery rating indicates S&P's expectation for
average (30%-50%; rounded estimate: 45%) recovery in a default
scenario.

At the same time, S&P revised its recovery rating on the company's
existing first-lien credit facility to '4' (30%-50%; rounded
estimate: 45%) from '3'.

The company expects to use the proceeds from this loan to repay $77
million of outstanding revolver borrowings (which it used to fund
its acquisition of Nobles Worldwide), repay $43 million of its
existing term loan B, add about $19 million of cash to its balance
sheet, and pay related transaction fees and expenses. The company
also plans to extend the maturity of its revolver to December 2024
from November 2023. Although the transaction will increase
Ducommun's debt by $20 million, it does not materially affect S&P's
expected credit ratios for the company. S&P revised its recovery
rating on the company's existing first-lien credit facility due to
the increase in its amount of total debt. S&P's issuer credit
rating on Ducommun reflects its position as a tier 2 or 3 supplier
in the aerospace and defense industry. S&P expects the company's
program diversity to help it offset the potential financial impact
from a prolonged grounding of the Boeing 737 MAX. S&P also expects
the company to continue to employ its acquisitive growth strategy,
although the rating agency does not view large, transformative
acquisitions as likely at this time.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- Pro forma for the completion of the transaction, the company's
capital structure will comprise a $100 million revolver, a $140
million first-lien term loan A due 2024, and a term loan B ($183
million outstanding) due 2025.

-- Default assumptions include LIBOR of 2.5% and the revolver is
85% drawn at default.

Simulated default assumptions

-- Simulated year of default: 2023
-- EBITDA at emergence: $44.5 million
-- EBITDA multiple: 5x

Simplified waterfall

-- Net enterprise value (after 5% administrative expenses): $212
million
-- Value available to first-lien debt claims: $212 million
-- Estimated secured first-lien debt claims: $956 million
-- Recovery expectations: 30%-50% (rounded estimate: 45%)


DURR MECHANICAL: All Trades Buying Two Ford Vehicles for $27.5K
---------------------------------------------------------------
Durr Mechanical Construction, Inc. asks the U.S. Bankruptcy Court
for the Southern District of New York to authorize the private sale
to All Trades Distribution, LLC of its (i) 2014 Ford F250 XL
Utility Pick-up, VIN 1FDBF2A6XEEB82110, for $11,000, and (ii) 2016
Ford F150 XL 4x4 Pickup, VIN 1FTMF1E88GKG05239, for $16,500.

A hearing on the Motion is set for Jan. 7, 2020 at 10:00 a.m.  The
objection deadline is Dec. 31, 2019 at 5:00 p.m.

The Debtor is the sole owner of the 2014 Ford F250 which has
approximately 26,282 miles and is in need of an oil change, tune up
and routine maintenance.  The 2014 Ford F250 has a Kelley Blue Book
value ("KBB Value") of between $11,363 to $13,328 based upon a
"fair" condition of the vehicle.

The Debtor presently finances a 2016 Ford F150, which has
approximately 9,937 miles and is in need of an oil change, tune up
and routine maintenance.  As of the date of the Motion, the payoff
balance for the 2016 Ford F150 is $1,102, which amount the Debtor
intends to pay off by the first week of December 2019, at which
point the Debtor will be the sole owner of the 2016 Ford F150.  The
2016 Ford F150 has a KBB Value of between $14,200 to $15,683 based
upon a "good" condition of the 2016 Ford F150.

After informally marketing the Vehicles and discussing with several
other trade creditors, All Trades1 expressed an interest in
purchasing the Vehicles in amounts consistent with the related KBB
Values.

The Sale asks to offer the Vehicles for sale "as is, where is" and
free and clear of all liens, claims and encumbrances of whatever
kind or nature, with any such liens to attach to the proceeds of
sale.  

The Debtor submits that any sales or applicable tax relating to the
Sale of the Vehicles will be the sole obligation of All Trades, and
in no way will the Debtor be responsible for such obligations.

As the offers to purchase the Vehicles represent fair values
consistent with the KBB Values given the condition of the Vehicles,
the Debtor respectfully asks that the Court authorizes and approves
the Sale of the Vehicles.

The private sale will enable the Debtor to realize maximum value
for the Vehicles and is in the best interests of the Debtor's
estate and its creditors.  No other parties have expressed an
interest in purchasing the Vehicles and the sale of the Vehicles
results in a $27,500 cash infusion into the Debtor's estate.

Finally, the Debtor asks a waiver of the 14-day stay requirement of
Rule 6004 as being in the best interests of the Debtor and its
estate by virtue of the fact that All Trades wants to purchase the
Vehicles as soon as possible, and if it is not achieved in a timely
manner, All Trades will ask to purchase alternative vehicles (not
from the Debtor).  Thus, a stay of such order might further delay
the date that All Trades could take possession and control of the
Vehicles and, therefore, could chill interest in acquiring the
Vehicles.

                     About Durr Mechanical

Durr Mechanical Construction, Inc. -- http://www.durrmech.com/--
is a mechanical contracting company headquartered in New York.  It
offers commercial HVAC, scheduling and cost control, BIM drafting,
erecting and setting equipment, process piping, power piping, and
emergency services.

Durr Mechanical Construction filed a voluntary petition for
reorganization under Chapter 11 of Title 11 of the United States
Code (Bankr. S.D.N.Y. Case No. 18-13968) on Dec. 7, 2018.  In the
petition signed by Kenneth A. Durr, president, the Debtor was
estimated to have $100 million to $500 million in assets and $50
million to $100 million in liabilities.  LaMonica Herbst &
Maniscalco, LLP, led by Michael Thomas Rozea, and Adam P. Wofse,
serves as counsel to the Debtor.  



DYNALYST CORPORATION: Seeks Authorization to Use Cash Collateral
----------------------------------------------------------------
Dynalyst Corporation seeks authority from the U.S. Bankruptcy Court
for the Western District of Texas to use cash collateral in the
ordinary course of its business.

The projected budget shows that Debtor needs the use of cash
collateral in the approximate amount of $43,246 for the month of
December 2019, $60,736 for the month of January 2020, and $64,247
for the month of February 2020.

National Loan Acquisitions Company ("NLAC") may assert a security
interest in Debtor's account receipts and inventory to secure
indebtedness of Debtor. r. NLAC claims to have foreclosed on the
real property allegedly securing by its lien and that the property
sold for an amount that satisfies the debt owed by the Debtor

On Deck Capital, Inc. has filed a claim against the Debtor which is
similar to the claim it raises in a state court suit. In that case,
the Debtor filed a counterclaim alleging On Deck Capital, Inc.
violated the usury statutes of Texas. The Debtor will remove the
case to the Bankruptcy Court for determination.

The Debtor believes that the creditors claiming security interest
are adequately protected by the equity Debtor has in its property
claimed as collateral despite the anticipated litigation.

                 About Dynalyst Corporation

Dynalyst Corporation -- http://www.dynalyst.com/-- is a
manufacturing company distinctly purposed for the production of
custom ATE Interface Printed Circuit Boards (PCBs), fundamental to
the testing of integrated circuits. Dynalyst Corporation was
founded in early 2002 and is headquartered in Taylor, Texas. The
Company previously filed for bankruptcy protection on July 2, 2018
(Bankr. W.D. Tex. Case No. 18-10860).

Dynalyst Corporation sought protection under Chapter 11 of the US
Bankruptcy Court (Bankr. W.D. Tex. Case No. 19-11635) on Dec. 1,
2019.  The petition was signed by T. Craig Takacs, president.  At
the time of filing, the Debtor estimated $1 million to $10 million
in both assets and liabilities.  Larry A. Vick, Esq. represents the
Debtor.



EAST END BUS: Starlight Says Plan Should Include Settlement
-----------------------------------------------------------
Advantage Starlight Properties, Inc., filed an objection to the
Disclosure Statement in support of East End Bus Lines, Inc. et
al.'s Chapter 11 Plan.

Starlight is the owner of the premises located at 3 Grucci Lane,
Yaphank, NY 11980.  As of the Petition Date, the Debtor was in
possession of the premises.  

Starlight points out that the Disclosure Statement makes no mention
of the Stipulation of Settlement or the Debtors' default
thereunder.  Instead the Disclosure Statement describes Plan
treatment that is contrary to the terms of the Stipulation of
Settlement.

Starlight further points out that the Debtor has not met its burden
of proving that the Disclosure Statement contains adequate
information for creditors to make an informed judgment as to
whether to accept or reject the Plan.

According to Starlight, there should be disclosure regarding the
Stipulation of Settlement and the amount due to Starlight.  It says
the Debtor should explain its default of the Stipulation of
Settlement and the rights of Starlight as a result thereof.

Counsel for Starlight
     Properties, Inc.:

     Steven Taitz
     630 Johnson Avenue, Suite 105
     Bohemia, New York 11716
     Telephone: 631.475.4400
     E-mail: s.taitz@tarofftaitz.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.


EKSO BIONICS: Posts Third Quarter Net Income of $206K
-----------------------------------------------------
Ekso Bionics Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting net income
of $206,000 on $3.32 million of revenue for the three months ended
Sept. 30, 2019, compared to a net loss of $6.98 million on $2.55
million of revenue for the three months ended Sept. 30, 2018.

For the nine months ended Sept. 30, 2019, the Company reported a
net loss of $9.41 million on $10.20 million of revenue compared to
a net loss of $22.86 million on revenue of $8.04 million for the
same period in 2018.

As of Sept. 30, 2019, Ekso Bionics had $20.29 million in total
assets, $13.87 million in total liabilities, and $6.42 million in
total stockholders' equity.

As of Sept. 30, 2019, the Company had an accumulated deficit of
$180,557,000.  Largely as a result of significant research and
development activities related to the development of the Company's
advanced technology and commercialization of this technology into
its medical device business, the Company has incurred significant
operating losses and negative cash flows from operations since
inception.  In the nine months ended Sept. 30, 2019, the Company
used $14,277,000 of cash in its operations.

On Sept. 16, 2019, the Company received a written notice from the
Listing Qualifications Department of The Nasdaq Stock Market LLC
informing the Company that because the closing bid price for the
Company's common stock listed on the Nasdaq Capital Market was
below $1.00 per share for 30 consecutive business days, the Company
does not meet the minimum closing bid price requirement for
continued listing on the Nasdaq Capital Market.  Under Nasdaq
Listing Rules, the Company has 180 calendar days from the date of
the notification, or until March 16, 2020, to regain compliance
with Nasdaq Listing Rules.  To regain compliance, the closing bid
price of the Company's common stock on the Nasdaq Capital Market
must be at least $1.00 per share for a minimum of ten consecutive
business days prior to the expiration of such 180 day compliance
period.  The Company intends to take all reasonable measures
available to regain compliance under the Nasdaq Listing Rules and
to maintain the listing of its common stock on the Nasdaq Capital
Market.  The Company will monitor the closing bid price for its
common stock between now and March 16, 2020.

Ekso Bionics said, "Based upon the Company's current cash
resources, the recent rate of using cash for operations and
investment, and assuming modest increases in current revenue, the
Company believes it has sufficient resources to operate in
compliance with its debt covenants into the first quarter of 2020.
While the Company will require significant additional financing,
the Company's actual capital requirements may vary significantly
and will depend on many factors.  The Company plans to continue its
investments in its (i) sales initiatives to accelerate adoption of
the Ekso robotic exoskeleton in the rehabilitation market, (ii)
research, development and commercialization activities with respect
to exoskeletons for rehabilitation, and (iii) development and
commercialization of able-bodied exoskeletons for industrial use."

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

                     https://is.gd/A9ZqjM

                      About Ekso Bionics

Headquartered in Richmond, California, Ekso Bionics Holdings, Inc.
-- http://www.eksobionics.com/-- designs, develops, and sells
exoskeleton technology that has applications in healthcare and
industrial markets.  The Company's wearable exoskeletons are worn
over clothing and are mechanically controlled by a trained operator
to augment human strength, endurance, and mobility.

Ekso Bionics reported a net loss of $26.99 million for the year
ended Dec. 31, 2018, following a net loss of $29.12 million for the
year ended Dec. 31, 2017.

OUM & CO. LLP, in San Francisco, California, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated Feb. 28, 2019 on the Company's consolidated financial
statements for the year ended Dec. 31, 2018, citing that the
Company has incurred significant recurring losses and negative cash
flows from operations since inception and an accumulated deficit.
These factors raise substantial doubt about the Company's ability
to continue as a going concern.


EL CANO: Triangle Cayman Says Disclosures Not Updated
-----------------------------------------------------
Secured creditor Triangle Cayman Asset Company, successor in
interest of Eurobank and Oriental Bank, objects to Disclosure
Statement filed by debtor El Cano Development Inc.

Triangle Cayman notes that the Disclosure Statement filed by the
Debtor on May 14, 2019, proposes to treat its $136,899 secured
claim as follows: co-debtors are making monthly payments and will
continue making the payments until the maturity date of the
Stipulation.  The maturity date of the stipulation became past due
on Feb. 1, 2019.

Triangle Cayman points out that the Disclosure Statement filed by
the Debtor in this case does not provide adequate information that
would allow creditors to make an informed judgment as to the
reasonableness of the Plan of Reorganization.  In particular, the
Disclosure Statement and proposed Plan of Reorganization part from
the premise that that the maturity date in the Stipulation with
Triangle Cayman has not lapsed, when in fact it has, and do not
provide for an alternate scenario where the terms of the
Stipulation are defaulted.

Attorneys for Triangle Cayman:

        Sonia E. Colon
        Gustavo A. Chico-Barris
        Camille N. Samoza
        P.O. Box 195168
        San Juan, PR 00919-5168
        Tel.: (787) 766-7000
        Fax: (787) 766-7001
        E-mail: scolon@ferraiuoli.com
                gchico@ferraiuoli.com
                csomoza@ferraiuoli.com

                   About El Cano Development

El Cano Development Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 16-08122) on Oct. 11, 2016.
In the petition signed by Adrian J. Hilera Vidal, president, the
Debtor was estimated to have assets of less than $1 million and
liabilities of less than $500,000.  Modesto Bigas Law Office is the
Debtor's bankruptcy counsel.


EL PATIO BBQ: Plan Outline Conditionally OK'd, Jan. 8 Hearing Set
-----------------------------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico conditionally approved the Amended
Disclosure Statement proposed by El Patio BBQ & Grill Inc.

The Court will convene a hearing on January 8, 2020, at 9:00 a.m.
to consider the final approval of the Amended Disclosure Statement
and the confirmation of the Amended Plan.

Any objection to the final approval of the Amended Disclosure
Statement and/or the confirmation of the Amended Plan shall be
filed on/or before fourteen (14) days prior to the date of the
hearing on confirmation of the Plan.

Acceptances or rejections of the Amended Plan may be filed in
writing by the holders of all claims on/or before fourteen (14)
days prior to the date of the hearing on confirmation of the
Amended Plan.

A full-text copy of the Order is available at
https://tinyurl.com/rd7nazk from PacerMonitor.com at no charge.

            About El Patio BBQ & Grill Inc

Based in Vega Baja, P.R., El Patio BBQ & Grill Inc. sought
protection for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D.P.R. Case No. 19-03639) on June 26, 2019, listing under
$1 million in both assets and liabilities. Jaime Rodriguez Perez,
Esq., at Hatillo Law Office, represents the Debtor as counsel.


EL PATIO BBQ: Unsecureds Owed $86K to Get $1K in Plan
-----------------------------------------------------
Judge Mildred Caban Flores has ordered that the Amended Disclosure
Statement in support of El Patio BBQ & Grill Inc.'s Plan of
Reorganization is conditionally approved.

A hearing for the consideration of the final approval of the
Disclosure Statement and confirmation of the Plan will be held on
Jan. 8, 2019, at 9:00 AM, at the U.S. Bankruptcy Court, Jose V.
Toledo U.S. Post Office and Courthouse Building, 300 Recinto Sur
Street, Courtroom 3, Third Floor, San Juan, Puerto Rico.

El Patio BBQ & Grill's plan of reorganization provides that after
the  effective date of the order confirming the Plan, key
management of the business will remain unchanged.

The Debtor says it has been able to prepare a feasible plan to pay
part of the outstanding debts with all creditors, allowing it to
successfully maintain business operations.

The Plan treats claims and interests as follows:

   * Unsecured-Priority Claimants.  NOT IMPAIRED.  Each holder of a
priority tax claim will be paid consistently with 11 U.S.C Sec.
1129(a)(9)(C) of the Code, in monthly cash installments, equal to
the allowed amount of its claim, plus the interest requested by
each creditor on its respective claims, over a period ending before
the statutory five-year period from the date of the filing of the
captioned petition.

   * General Unsecured Creditors.  IMPAIRED.  Total claim $85,643.
On the consummation date, the entire Class 3 claimants will receive
from the Debtor a non-negotiable, non-interest bearing promissory
note, dated as of the Effective Date, providing for a total amount
of $1,000 which will be payable in consecutive monthly installments
of $83.33 during a period of 12 months, starting on the Effective
Date; with a monthly pro rata distribution among all members of
this Class 3.

   * Equity Security Holders.  IMPAIRED.  The equity security
interest holder will not receive any cash dividend throughout this
plan.  Nonetheless, the equity security holder will retain his
security interest in the reorganized Debtor.

The Plan will be implemented as required under Sec. 1123(a)(5) of
the Code with the daily operations of the business and its
resulting operating cash flows.  The Debtor will retain property of
the estate to operate its business and produce cash flow for the
execution of the Plan.

A full-text copy of the Disclosure Statement dated Dec. 2, 2019, is
available at https://tinyurl.com/yxyouaf5 from PacerMonitor.com at
no charge.

Attorney for the Debtor:

         HATILLO LAW OFFICE, PSC
         P.O. Box 678
         Hatillo, PR 00659
         TEL/FAX: (787) 262-4848
         E-mail: hatillolawoffice@yahoo.com

                   About El Patio BBQ & Grill

El Patio BBQ & Grill, Inc., owns a "BBQ chicken fast food processed
type" retail sales restaurant at Road Number 2 at Vega Baja, Puerto
Rico.  The restaurant was created by the only stockholder, Sonia
Rodriguez.

El Patio BBQ & Grill sought protection for relief under Chapter 11
of the Bankruptcy Code (Bankr. D.P.R. Case No. 19-03639) on June
26, 2019, listing under $1 million in both assets and liabilities.
Jaime Rodriguez Perez,
Esq., at Hatillo Law Office, is serving as the Debtor's counsel.


ELWOOD ENERGY: S&P Affirms 'BB+' Senior Secured Debt Rating
-----------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' rating on Elwood Energy LLC's
(Elwood or the project) senior secured debt, based on strong cash
flow generation and liquidity.

Elwood is a 1,350-megawatt peaking plant about 50 miles southwest
of Chicago. The project is fully merchant and has nine simple-cycle
7FA combustion turbines sourced from General Electric Co. (GE).
Each turbine earns revenues by selling production capacity and
electricity into PJM Interconnection LLC's (PJM) ComEd power
market.

The project has a six-month DSRA to support liquidity for the
project. The DSRA is funded via a letter of credit (LC) from
Sumitomo Mitsui Bank Corp. The project makes payments Jan. 5 and
July 5 each year. However, the bond's amortization is not uniform
between the two semiannual payments.

The positive outlook reflects S&P Global Ratings' view that ComEd
continues to clear at the higher end of the range of PJM prices.
S&P expects this, coupled with the project's fully amortizing debt
profile, could result in the projected minimum debt service
coverage ratio (DSCR) exceeding 2.1x if capacity prices clear above
S&P's forecast.

S&P could revise the outlook to stable if the minimum DSCR dropped
below 2.0x because of lower projected cash flow available for debt
service (CFADS). This could result from a downward revision to
capacity and/or energy prices. A price decline would likely be
driven by falling demand and/or increased incremental supply in the
ComEd power market. CFADS would also be affected if expenditures
were to be revised upward.

"We could raise the rating if we believe that financial performance
results in the forecast minimum DSCR exceeding 2.1x. PJM capacity
prices higher than our forecast could cause this," S&P said.


EMPORIA PROPERTY: Committee Hires Sandberg Phoenix as Counsel
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of Emporia Property
Group, LLC, seeks authorization from the U.S. Bankruptcy Court for
the District of Kansas to employ Sandberg Phoenix and von Gontard
P.C., as counsel to the Committee.

Emporia Property requires Sandberg Phoenix to:

   a. advise the Committee with respect to its rights and
      obligations as a Committee and regarding other matters of
      bankruptcy law;

   b. prepare and file any motions, objections or other pleadings
      and documents that may be required in the proceeding;

   c. represent the Committee at the meeting of creditors, plan
      of reorganization, disclosure statement, confirmation and
      related hearings, and any adjourned hearings thereof; and

   d. represent the Committee in any matter that may arise in
      connection with the Debtor's reorganization proceeding and
      its business operations.

Sandberg Phoenix will be paid at these hourly rates:

     Shareholders              $350
     Paralegals                $150

Sandberg Phoenix will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Sharon L. Stolte, a partner at Sandberg Phoenix and von Gontard
P.C., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and (a) is not creditors, equity security holders or insiders of
the Debtor; (b) has not been, within two years before the date of
the filing of the Debtor's chapter 11 petition, directors, officers
or employees of the Debtor; and (c) does not have an interest
materially adverse to the interest of the estate or of any class of
creditors or equity security holders, by reason of any direct or
indirect relationship to, connection with, or interest in, the
Debtor, or for any other reason.

Sandberg Phoenix can be reached at:

     Sharon L. Stolte, Esq.
     Sandberg Phoenix and von Gontard P.C.
     4600 Madison Avenue, Suite 1000
     Kansas City, MO 64112
     Tel: (816) 627-5543
     E-mail: sstolte@sandbergphoenix.com

                  About Emporia Property Group

Emporia Property Group LLC owns in fee simple a hotel property
located at 2700 W. 18th Avenue, Emporia, Kansas, having an
appraised valued of $3.05 million.  The Clarion Inn & Conference
Center hotel -- https://www.emporiaclarion.com/ -- is 100%
non-smoking and pet-friendly hotel located nearby Emporia State
University, and businesses that include Tyson, Emporia Energy
Center Westar, and Hostess Brands.

Emporia Property Group filed a Chapter 11 petition (Bankr. D. Kan.
Case No. 19-22155) on Oct. 8, 2019. In the petition signed by Lee
Jones, authorized representative, the Debtor disclosed $3,236,648
in assets and $6,406,053 in liabilities.

The case is assigned to Judge Dale L. Somers.

The Debtor tapped Evans & Mullinix, P.A. as legal counsel; Peterson
Whitaker & Bjork as accountant; and Ten-X, LLC as auctioneer.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Nov. 16, 2019.  The
Committee is represented by Sandberg Phoenix & von Gontard P.C.


ESSEX REAL ESTATE: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Essex Real Estate Partners, LLC
        3495 Lakeside Dr.
        PMB 62
        Reno, NV 89509

Business Description: Essex Real Estate Partners, LLC is a
                      Single Asset Real Estate debtor (as defined
                      in 11 U.S.C. Section 101(51B)).

Chapter 11 Petition Date: December 27, 2019

Court: United States Bankruptcy Court
       District of Nevada

Case No.: 19-51486

Judge: Hon. Bruce T. Beesley

Debtor's Counsel: Stephen R. Harris, Esq.
                  HARRIS LAW PRACTICE LLC
                  6151 Lakeside Drive
                  Suite 2100
                  Reno, NV 89511
                  Tel: 775-786-7600      
                  E-mail: steve@harrislawreno.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jeri Coppa-Knudson, manager.

The Debtor stated it has no unsecured creditors.

A copy of the petition is available from PacerMonitor for free at:

                       https://is.gd/SDdWEn


EXTRACTION OIL: S&P Lowers ICR to 'B-' on Liquidity Concerns
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
exploration and production company Extraction Oil & Gas Inc. (XOG)
to 'B-' from 'B'. At the same time S&P lowered its issue-level
rating on its unsecured debt to 'B-' from 'B'. The '3' recovery
rating remains unchanged.

The downgrade reflects S&P's expectation for lower-than-anticipated
cash flows and liquidity in 2020 and 2021 following the recent
downward revision in the rating agency's natural gas price
assumptions, as well as lower-than-expected growth in crude oil
production. Without reduced capital spending at both XOG and their
midstream entity Elevation, S&P believes the company will be
challenging for (XOG) to generate free cash flow for debt
repayment, including the series A preferred stock, over the next 24
months. Although S&P does expect the company to focus any excess
cash flows, including asset sale proceeds, on repaying its
reserve-based lending (RBL) facility, the rating agency now expects
this to be less than anticipated. This, combined with the upcoming
$185 million need to refinance or repay its series A preferred
stock before April 15, 2021, to avoid an accelerated maturity of
the RBL, mean that liquidity could significantly weaken over the
next 12-18 months. S&P does expect financial measures to remain
adequate for the rating, with funds from operations (FFO) to debt
of around 20%-25% and debt to EBITDA of roughly 3.5x for the next
12 months.

The negative outlook reflects the potential to lower the rating if
liquidity materially weakens from current levels. Weak natural gas
prices, negative free cash flow, and the need to address its series
A preferred stock could weaken liquidity at a time of market
uncertainty. S&P believes the company will need to reduce expected
capital spending or engage in asset sales to help support liquidity
over the next 18 months, absent a significant improvement in
natural gas prices or crude oil differentials.

"We could lower our rating on XOG if its liquidity deteriorated
substantially without a very near-term solution. This could occur
if realized commodity prices decline, resulting in
lower-than-expected cash flows without a compensating reduction in
capital spending. In addition, if the company cannot proactively
address its series A preferred stock such that we believe the RBL
maturity could be accelerated, we could lower the rating," S&P
said.

"We could revise our outlook on XOG to stable if we expect
liquidity to remain adequate and for financial measures to remain
consistent for the rating. This would be supported by the company
proactively addressing the series A preferred stock while
maintaining adequate liquidity and expected financial performance.
Additionally, improving capital markets access for the industry
could help support expectations for liquidity," the rating agency
said.


FIZZ & BUBBLE: May Continue Cash Collateral Use Until Dec. 30
-------------------------------------------------------------
Judge Trish M Brown of the U.S. Bankruptcy Court for the District
of Oregon authorized Fizz & Bubble, LLC to use cash collateral not
to exceed $291,400 for the period covering Dec. 8, through and
including Dec. 30, 2019, for the purposes specified in the Budget.

The Lien Creditors are each granted the following adequate
protection:

     (a) A perfected lien and security interest on all property,
whether now owned or hereafter acquired by Debtor of the same
nature and kind as secured by the claim of each of the Lien
Creditors on the Petition Date. Such Replacement Lien will not
attach to avoidance or recovery actions of Debtor's estate under
Chapter 5 of the Code. The Replacement Lien will be subject to all
valid, properly perfected and enforceable liens and interests that
existed as of the Petition Date.

     (b) The interests of the Lien Creditors in the Replacement
Collateral will have the same relative priorities as the liens held
by them as of the Petition Date.

     (c) The Debtor will timely perform and complete all actions
necessary and appropriate to protect the Cash Collateral against
diminution in value.

     (d) The Replacement Lien on the Replacement Collateral will be
perfected and enforceable upon entry of this Order without regard
to whether such Replacement Lien is perfected under applicable
non-bankruptcy law.

     (e) The Replacement Lien will be in addition to all other
liens and security interests securing the secured claims of the
Lien Creditors in existence on the Petition Date.

     (f) The Debtor will keep Lien Creditors' collateral and
Replacement Collateral free and clear of all other liens,
encumbrances and security interests, other than those in existence
on the Petition Date, and will pay when due all taxes, levies and
charges arising or accruing from and after the Petition Date.

     (g) Upon reasonable prior notice, the Debtor will allow Lien
Creditors access during normal business hours to Debtor's premises
to inspect or appraise their collateral.

     (h) If, notwithstanding the adequate protection provided by
the terms of the Interim Order, any of the Lien Creditors has a
claim allowable under 11 U.S.C. section 507(a)(2) arising from the
stay of action against property of Debtor under 11 U.S.C. section
362, from the use, sale or lease of such property, or from the
granting of the replacement lien, then such Lien Creditor's claim
under 11 U.S.C. section 507(a)(2) will have priority over every
other claim under such subsection as provided by 11 U.S.C. section
507(b).

     (i) The Debtor will maintain a minimum Asset Base of
$1,250,000 throughout the Budget Period.

The final hearing on Debtor's Cash Collateral Motion will be held
on Dec. 30, 2019 at 2:00 p.m.

A copy of the Second Interim Order is available for free at
https://is.gd/58LCGW from Pacermonitor.com

                        About Fizz & Bubble

Fizz & Bubble, LLC -- https://fizzandbubble.com/ -- is a toiletries
wholesaler based in Wilsonville, Oregon offering an array of
luxurious bath and shower treats.  The company's products include
bath fizzies, bubble bath cupcakes, bubble bath elixirs, bath
truffles, bath melts, shower steamers, body scrubs, whipped soaps,
body frosting lotions, face mask frostings, and lip scrubs.

Fizz & Bubble filed for Chapter 11 bankruptcy protection (Bankr. D.
Ore. Case No. 19-34092) on Nov. 4, 2019.  In the petition signed by
Kimberly Ann Mitchell, sole member and chief creative officer, the
Debtor was estimated to have $1 million to $10 million in both
assets and liabilities.  The Hon. Trish M. Brown oversees the case.
The Debtor is represented by Douglas R. Ricks, Esq., at Vanden Bos
& Chapman, LLP.



FORMING MACHINING: S&P Puts 'B' ICR on CreditWatch Negative
-----------------------------------------------------------
S&P Global Ratings placed all of its ratings on Forming Machining
Industries Holdings Inc. (FMI), including its 'B' issuer credit
rating, on CreditWatch with negative implications.

The CreditWatch placement reflects the uncertainty surrounding the
length and impact of the planned MAX production halt.  Forming
Machining Industries Holdings Inc.'s (FMI's) revenues and earnings
will be affected by Spirit AeroSystems Inc.'s plans to suspend
production on the 737 MAX starting in January 2020 after Boeing
announced it would halt production and requested Spirit to halt
deliveries. The 737 MAX represents a significant proportion of
FMI's revenue, so this will likely hurt the company's credit
metrics significantly depending on the duration of the halt and
whether the company can reduce costs related to the program.
However, because S&P does not know how long the production halt
will last and at what rate FMI will be producing once production
restarts, S&P is uncertain as to the magnitude of the impact.

"We plan to resolve the CreditWatch when we have a better idea of
how long the MAX production suspension will last and the company's
plan to mitigate earnings deterioration and conserve cash. We could
lower our issuer credit rating on FMI by one notch or more if we
believe that this could result in debt to EBITDA rising above 7x
for a sustained period of time or if we feel the company could have
a liquidity issue," S&P said.


FOX VALLEY PRO: Seeks to Extend Exclusivity Period to Feb. 28
-------------------------------------------------------------
Fox Valley Pro Basketball asked the U.S. Bankruptcy Court for the
Eastern District of Wisconsin to extend the exclusivity period to
file a Chapter 11 plan to Feb. 28, 2020, and the period to solicit
acceptances for the plan to April 30, 2020.

Evan Schmit, Esq., at Kerkman & Dunn, said it is more cost
effective for the company's bankruptcy estate to extend the
exclusive period to file a plan until negotiations with creditors
can proceed further.

"It is too soon to file a plan until it appears agreements have
been reached or negotiations with major parties are at an impasse,"
Mr. Schmit said.

               About Fox Valley Pro Basketball

Fox Valley Pro Basketball Inc. is the owner of the Menominee Nation
Arena in Oshkosh, Wis.  The Arena serves as the home of the
Wisconsin Herd of the NBA G League and the Wisconsin Glow women's
basketball team.

Fox Valley Pro Basketball sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Wis. Case No. 19-28025) on Aug. 19,
2019.  At the time of the filing, the Debtor was estimated to have
assets of between $10 million and $50 million and liabilities of
the same range.  The case is assigned to Judge Brett H. Ludwig.
Kerkman & Dunn is the Debtor's counsel.



FRISELLA DESIGN: Given Until Feb. 11 to File Reorganization Plan
----------------------------------------------------------------
Judge Caryl Delano of the U.S. Bankruptcy Court for the Middle
District of Florida extended the period for Frisella Design, LLC to
file a Chapter 11 plan of reorganization and disclosure statement
to Feb. 11, 2020.

The bankruptcy judge also extended the period for the company to
solicit votes on the plan to April 6, 2020.

                     About Frisella Design

Frisella Design, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-07729) on Aug. 15,
2019.  At the time of the filing, the Debtor had estimated assets
of between $50,001 and $100,000 and liabilities of between $100,001
and $500,000.  The case has been assigned to Judge Caryl E. Delano.
Steven M. Fishman, PA, is the Debtor's counsel.


G.D.S. EXPRESS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Lead Debtor: G.D.S. Express, Inc.
             1270 Hilbish Avenue
             Akron, OH 44312

Business Description: GDS Express -- http://www.gdsexpress.com--
                      is a family-owned trucking company that
                      provides services in 48 states, with general
                      freight and garment-on-hangers service in
                      both the U.S. and Mexico.  GDS Express
                      operates with 75 owner operators and 60
                      company trucks.  Headquartered in Akron,
                      Ohio, GDS Express was founded in 1990 by
                      Jack Delaney, a former Roadway Express
                      executive.

                      Noble's Inc. dba Nobles Towing --
                      http://www.noblestowing.com-- is a family
                      owned and operated towing company founded in
                      1956.  In addition to towing disabled cars
                      and trucks, the Company offers a number of
                      other services including the moving of
                      construction materials and equipment, tree
                      and bush removal, trailer moving, commercial
                      and police towing, and parking enforcement.

                      Craig Stacy owns 100% of the companies.

Chapter 11 Petition Date: December 27, 2019

Court: United States Bankruptcy Court
       Northern District of Ohio

Nine affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                           Case No.
     ------                                           --------
     G.D.S. Express, Inc. (Lead Case)                 19-53034

     GDS Express Group, Inc.                          19-53035
     1270 Hilbish Ave
     Akron, OH 44312

     Business Transporation Services, Inc.            19-53036
     1270 Hilbish Avenue
     Akron, OH 44312

     Noble's, Inc.                                    19-53037
     3030 E. 55th Street
     Cleveland, OH 44127

     Nuway Logistics Group, LLC                       19-53038
     4321 State Route 7
     New Waterford, OH 44445

     Wills Trucking Co.                               19-53040
     4321 State Route 7
     New Waterford, OH 44445

     Better Management Corporation of Ohio, Inc.      19-53041
     4321 State Route 7
     New Waterford, OH 44445

     Container Management Services, LLC               19-53042
     1270 Hilbish Avenue
     Akron, OH 44312

     G&M Towing & Recovery, LLC                       19-17803
     3030 E. 55th Street
     Cleveland, OH 44127

Judge: Hon. Alan M. Koschik (19-53034)

Debtors' Counsel: Marc B. Merklin, Esq.
                  BROUSE MCDOWELL, LPA
                  388 S. Main Street, Suite 500
                  Akron, OH 44341
                  Tel: 330-535-5711
                  E-mail: mmerklin@brouse.com

G.D.S. Express'
Estimated Assets: $0 to $50,000

G.D.S. Express'
Estimated Liabilities: $1 million to $10 million

GDS Express Group's
Estimated Assets: $0 to $50,000

GDS Express Group's
Estimated Liabilities: $0 to $50,000

Business Transporation's
Estimated Assets: $0 to $50,000

Business Transporation's
Estimated Liabilities: $1 million to $10 million

Noble's, Inc.'s
Estimated Assets: $0 to $50,000

Noble's, Inc.'s
Estimated Liabilities: $50,000 to $100,000

Nuway Logistics'
Estimated Assets: $0 to $50,000

Nuway Logistics'
Estimated Liabilities: $1 million to $10 million

Wills Trucking's
Estimated Assets: $0 to $50,000

Wills Trucking's
Estimated Liabilities: $1 million to $10 million

Better Management's
Estimated Assets: $0 to $50,000

Better Management's
Estimated Liabilities: $1 million to $10 million

Container Management's
Estimated Assets: $0 to $50,000

Container Management's
Estimated Liabilities: $0 to $50,000

G&M Towing's
Estimated Assets: $0 to $50,000

G&M Towing's
Estimated Liabilities: $50,000 to $100,000

The petitions were signed by Craig Stacy, president/manager.

A copy of G.D.S. Express' 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/Rzdogu

GDS Express Group stated it has no unsecured creditors.  A copy of
the Debtor's petition is available from PacerMonitor for free at:

                     https://is.gd/PMq2tx

Business Transporation lists John P. Delaney as its sole unsecured
creditor holding a claim of $2.31 million.  A copy of the petition
is available from PacerMonitor for free at:

                     https://is.gd/JoNiKE

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

                     https://is.gd/yyJMUc

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

                     https://is.gd/MijQyh

A copy of Wills Trucking's petition containing, among other items,
a list of the Debtor's 12 unsecured creditors, is available from
PacerMonitor for free at:

                     https://is.gd/mqWYq3

A copy of Better Management's 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/PtfKtc

Container Management stated it has no unsecured creditors.  A copy
of the petition is available from PacerMonitor for free at:

                     https://is.gd/EHFF5Q

A copy of G&M Towing's petition containing, among other items, a
list of the Debtor's 19 unsecured creditors, is available from
PacerMonitor for free at:

                     https://is.gd/7RQG0k


G.D.S. EXPRESS: Trucking Business Pursues Orderly Liquidation
-------------------------------------------------------------
Privately held Ohio-based trucking business G.D.S. Express, Inc.,
NuWay Logistics Group, LLC, and seven affiliates sought chapter 11
protection to pursue an orderly liquidation.

Craig Stacy, president and owner, explains, "The trucking industry
is facing significant distress across the nation and North America,
generally.  The Debtors have not been immune to this downturn,
especially in 2019.  To add to the Debtors' distress, Nuway and its
subsidiaries provided services primarily to the oil and gas
industry, which is also an industry suffering from a significant
downturn. In particular, the demand of the Debtors' services in the
oil and gas industry dissipated in July."

According to Mr. Stacy, the Debtors, starting with Nuway and its
subsidiaries, have been unable to recover from this downturn.
Because the debt obligations are generally cross collateralized,
the loss of revenue for Nuway caused GDS Express Group and its
subsidiaries to become overextended on the Loan Facilities.

On Dec. 9, 2019, Northwest Bank froze the Debtors' accounts, and on
Dec. 13, 2019, Northwest Bank sent a default notice under the Loan
Documents.

Since that time until the Petition Date, Northwest Bank, at the
Debtors' request, has authorized and agreed to authorize the
disbursement of certain key payments, specifically including
payroll for the employee drivers as they completed deliveries
within the week leading up to the holidays.

Although the Debtors have explored other investment and refinancing
opportunities, they are unable to continue operations without
access to cash.  The Debtors have accordantly agreed to an orderly
liquidation process.  The Debtors, in consultation with Northwest
Bank, believe that a Chapter 11 process is the most efficient and
effective way to provide the Debtors the breathing room necessary
to liquidate its assets.

The Debtors have assets all over the country, are at risk of being
locked out of its leased facilities, and have no other access to
financing, except through the Chapter 11 DIP loan from Northwest
Bank.

Because the Debtors are filing the Chapter 11 cases on an emergency
basis, the Debtors, in consultation with Northwest Bank, will seek
to have a better understanding of the universe of assets and
liabilities and potential path forward, including a potential 11
U.S.C. Sec. 363 sale process, within the beginning weeks of the
bankruptcy case.

                      The Debtors' Business

Debtor GDS Express, Inc. is a corporation organized under Illinois
law and headquartered in Akron, Ohio. GDS Express is a subsidiary
of GDS Express Group and is a trucking company that operated across
the 48 contiguous United States and Mexico with a primary focus on
the retail industry.

Business Transportation Services, Inc. ("BTS") is an asset holding
company organized under Indiana law and headquartered in Akron,
Ohio. BTS is a subsidiary of GDS Express Group and holds title to
32 tractors and 240 trailers used by GDS Express.

Debtor Container Management Services, LLC ("CMS") is a holding
limited liability company organized under Ohio law and
headquartered in Akron, Ohio. CMS is a subsidiary of GDS Express
Group and holds title to 4 trailers.

Non-Debtor Towtran, LLC ("Towtran") is a limited liability company
organized under Ohio law and headquartered in Akron, Ohio and is a
holding company of the equity interests of certain of the Debtor
entities, which make up GDS Express Group's salvage and towing
business.

Debtor G&M Towing & Recovery, LLC ("G&M Towing") is a limited
liability company organized under Ohio law and headquartered in
Cleveland, Ohio. G&M Towing is a subsidiary of Towtran and provides
towing, repossession and storage services for motor vehicles.

Debtor Noble's Inc. d/b/a Nobles Towing ("Nobles") is a corporation
organized under Ohio law and headquartered in Columbus, Ohio.
Nobles is a subsidiary of Towtran and operated a damage-free towing
business. 14.

Mr. Craig is the sole-member of Debtor NuWay Logistics Group, LLC
("Nuway"), which is a limited liability company organized under
Ohio law and headquartered in New Waterford, Ohio and is a holding
company of certain of the Debtor and non-Debtor affiliates.

Debtor Better Management Corp of Ohio, Inc. ("BMC") is a
corporation organized under Ohio law and headquartered in New
Waterford, Ohio.  BMC is a subsidiary of Nuway and is a trucking
company that provided services to the oil & gas, steel, and
chemical industries.  BMC owns 10 tractors, 54 trailers, 150
containers, and 7 service units and leases an additional 50
tractors and 18 trailers.

Debtor Wills Trucking Co. ("Wills Trucking") is a corporation
organized under Ohio law and headquartered in Richfield, Ohio.
Wills Trucking is a subsidiary of non-Debtor Totally Recovery
Group, LLC and provided trucking services for the waste industry.

Prior to the Petition Date and liquidation of the Debtors, the
Debtors collectively employed approximately 100 employees, many of
whom were drivers and operators of long-haul trucks. The Debtors
also hired certain independent contractors who owned and operated
their own units in the long-haul trucking business.  As of the
Petition Date, the Debtors collectively employ approximately 15 key
employees to help with the orderly liquidation of the businesses.

Collectively, the Debtors' annual net revenue for the last fiscal
year was approximately $44,870,000.

                  Prepetition Capital Structure

As of the Petition Date, Northwest Bank is owed at least $2,500,000
and $3,467,637 under two revolving credit facilities. In addition,
$2,185,013, $1,626,146, $840,584 and $$875,625, were outstanding
under term facilities provided by Northwest.  The Debtors granted
Northwest security interests in all personal property of the
Debtors.  Mr. Stacy also delivered an unconditional and continuing
guaranty to further secure the obligations under the loan
facilities.

                       About G.D.S. Express

GDS Express -- http://www.gdsexpress.com-- is a family-owned
trucking company that provides services in 48 states, with general
freight and garment-on-hangers service in both the U.S. and Mexico.
GDS Express operates with 75 owner operators and 60 company
trucks.  Headquartered in Akron, Ohio, GDS Express was founded in
1990 by Jack Delaney, a former Roadway Express executive.

Noble's Inc. d/b/a Nobles Towing -- http://www.noblestowing.com--
is a family owned and operated towing company founded in 1956. In
addition to towing disabled cars and trucks, the Company offers a
number of other services including the moving of construction
materials and equipment, tree and bush removal, trailer moving,
commercial and police towing, and parking enforcement.

Craig Stacy owns 100% of the companies.

G.D.S. Express, Inc., and eight affiliates sought Chapter 11
protection (Bankr. N.D. Ohio Lead Case No. 19-53034) on Dec. 27,
2019, to pursue an orderly liquidation of their assets.

The Hon. Alan M. Koschik is the case judge.

BROUSE MCDOWELL, LPA, led by Marc B. Merklin, is the Debtors'
counsel.


GAMESTOP CORP: S&P Lowers ICR to 'B+' on Performance Uncertainty
----------------------------------------------------------------
S&P Global Ratings lowered the ratings on GameStop Corp., including
the issuer credit rating, to 'B+' from 'BB-', on both near-term
performance volatility and long-term competitive uncertainties.

The downgrade reflects S&P's expectation for heightened performance
risks over the next 12 months because of unique industry dynamics
associated with game console development and a slowing economic
backdrop. It also reflects S&P's belief that competition and
technological changes in the video game industry will continue to
evolve over time, leading to potentially diminished long-term
growth prospects for the company. GameStop is making efforts to
pivot the business to other categories, control expenses, and
right-size its large, internationally diversified footprint but S&P
believes there are significant execution risks associated with this
strategy. Risks include potentially large capital spending to
migrate the business away from core video game retailing.

The negative outlook reflects S&P's expectation that intense
competition from online and traditional retailers and the elongated
console cycle will pressure results over the coming 12 months.

S&P could lower the rating if secular shifts and increased
competition lead to further erosion in GameStop's competitive
position. This scenario could occur if the company inadequately
invests in its store base or is unable to broaden its digital
gaming penetration. Under such a scenario, operating performance
and free operating cash flow (FOCF) generation would remain
volatile and leverage would likely track to the 3x area. S&P could
also lower the rating if GameStop is not comfortably positioned to
address its unsecured notes maturing March 2021 with cash or
through a refinancing.

"We could revise the outlook to stable if the company's strategic
initiatives succeed in reducing operating performance risks, which
includes diversifying sales away from physical video game products
while improving long-term growth prospects. Under such a scenario,
GameStop would generate significant FOCF flow while adequately
investing in digital gaming, collectibles, and other products while
improving customer engagement," S&P said.


GET HOOKED: Plan & Disclosure Statement Hearing Set for Jan. 10
---------------------------------------------------------------
Judge Jeffrey P. Norman of the U.S. Bankruptcy Court for the
Southern District of Texas, Galveston Division, ordered that the
final hearing on the disclosure statement and hearing on
confirmation of the plan of reorganization of Debtor Get Hooked
Charters, LLC be continued to January 10, 2020, at 9:30 a.m. to be
held at the United States Courthouse, 601 25th St., 7th Floor
Courtroom, Galveston, Texas.

A full-text copy of the Order is available at
https://tinyurl.com/wj7wvgd from PacerMonitor.com at no charge.

          About Get Hooked Charters

Get Hooked Charters, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 19-80079) on March 21,
2019. At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $500,000. The case
is assigned to Judge Jeffrey P. Norman. Waldron & Schneider, PLLC,
is the Debtor's counsel.


GMP CAPITAL: DBRS Maintains Pfd-4 Rating on Cumulative Shares
-------------------------------------------------------------
DBRS Limited maintains it's Under Review with Developing
Implications status on the Pfd-4 rating of GMP Capital Inc.'s
Cumulative Preferred Shares. The rating was initially put Under
Review with Developing Implications on June 18, 2019, following the
announcement that GMP had agreed to sell substantially all of its
capital markets business to Stifel Financial Corp. (Stifel). The
review was maintained on September 18, 2019, as the transaction had
yet to close.

On December 6, 2019, GMP announced that it sold all of its capital
markets business to Stifel for a cash consideration of the net
tangible book value of the business at closing plus a premium of
$40 million. The premium was subject to a $5 million reduction from
the original terms of the agreement because of certain specified
adjustments made prior to closing. GMP's assets are now comprised
of its 34.4% stake in Richardson GMP Limited (Richardson GMP), $31
million in preferred share investments in Richardson GMP, and
working capital worth between $156 million and $166 million. The
Cumulative Preferred Shares rated by DBRS Morningstar have remained
with GMP.

Furthermore, Harris Fricker, former President of GMP Securities
L.P., resigned from the board on the closing of the transaction.
GMP's board is now comprised of eight members: four independents,
two representatives of GMP, and two representatives of Richardson
Financial Group Limited (RFGL).

GMP, under the leadership of Interim President and chief executive
officer Kish Kapoor, is continuing discussions with RFGL to
consolidate full ownership of Richardson GMP. Richardson GMP is the
Company's wealth management joint venture in Canada and could
become a wholly-owned subsidiary and the cornerstone of GMP's
business if this transaction closes. The acquisition would also be
subject to separate shareholder and regulatory approvals.

KEY RATING CONSIDERATIONS

The continuation of the review period takes into consideration that
the future ultimate ownership and structure of GMP's business has
still not been finalized. DBRS Morningstar will assess GMP's pro
forma structure once it is known whether or not GMP is able to
consolidate full ownership of Richardson GMP. This assessment will
review the assets and liabilities composition, the Company's
ownership, the Company's future strategic direction, and
management's ability to execute on this plan.

RATING DRIVERS

DBRS Morningstar could upgrade the rating if GMP's franchise
prospects and its post-transaction pro forma financials are deemed
to be stronger with the consolidation of Richardson GMP.
Conversely, the rating could be downgraded if GMP's credit
fundamentals weaken.

Notes: All figures are in Canadian dollars unless otherwise noted.


GREEN GLOBAL: Unsecureds to Get Full Payment Over 18 Months
-----------------------------------------------------------
Debtor Green Global, LLC filed with the U.S. Bankruptcy Court for
the Western District of Pennsylvania a second amended disclosure
statement to accompany second amended plan dated Dec. 5, 2019.

The Debtor now has the ability to produce and sell goods and has a
buyer for said goods. The Debtor now files the instant Plan to pay
all creditors 100% of their allowed claims based on the revenue to
be generated from the sale of goods including, but not limited to,
the sale of goods to American International Resources, Inc.

Green Global, LLC will continue to operate until depletion of the
slag pile used to produce silicomanganese fines. The Order of Court
allows the Debtor to operate under the budget contained in the
motion accompanying the Order of Court.

Insider Unsecured Creditors – Class 7 claims will be subordinated
to all other undisputed/non-contingent creditors in this Plan and
will not be paid until all other payments to
undisputed/non-contingent creditors under the Plan have been made.

The General Unsecured Creditors of the Debtor will receive one
hundred percent (100%) of their allowed claims over a period of 18
months pursuant to the Plan. Class 8 is impaired by the Plan.

There will be no change in the equity security holders of the
Debtor pursuant to the Plan. Class 9 is not impaired by the Plan.

The Debtor’s Plan calls for payment to creditors over a period of
18 months. As the Debtor is projecting a profit of $232,243.32 per
month, the Plan is clearly feasible. Payment to creditors over 18
months allows for any unanticipated shortages of anticipated
revenue due to weather or other production issues. If the
projections regarding revenue and expenses are ultimately accurate,
creditors could be paid in full pursuant to the terms of the Plan
prior to the expiration of the 18-month time period.

A full-text copy of the amended plan is available at
https://tinyurl.com/s2xo2bj from PacerMonitor.com at no charge.

The Debtor is represented by:

        Christopher M. Frye
        Steidl and Steinberg, P. C.
        Suite 2830 – Gulf Tower
        707 Grant Street
        Pittsburgh, PA 15219
        Tel: 412-491-3130
        E-mail: chris.frye@steidl-steinberg.com

                      About Green Global

Based in Southwest, Pennsylvania, Green Global, LLC, filed a
voluntary Chapter 11 Petition (Bankr. W.D. Penn. Case No. 14-20131)
on Jan. 10, 2014  At the time of filing, the Debtor was estimated
to have assets are $100,000 to $500,000, and the estimated
liabilities are $1 million to $10 million. The case is assigned to
Hon. Thomas P. Agresti.


GULF FINANCE: S&P Downgrades ICR to CCC+ on Unsustainable Capital
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Gulf Finance
LLC to 'CCC+' from 'B-'

At the same time, S&P lowered its issue-level rating on the
company's term loan to 'CCC+' from 'B'. S&P also revised the
recovery rating on the term loan to '3' from '2', indicating its
expectation for meaningful (50%-70%; rounded estimate: 60%)
recovery for the company's lenders in the event of a payment
default.

Eventhough S&P does not expect a near-term liquidity crisis while
Gulf's management works to extend its revolving facility due
October 2020 (S&P assumes it is extended in its base case), the
rtaing agency believes that the company's current leverage is
unsustainable over the long term.

The negative outlook on Gulf reflects that S&P considers the
company's capital structure to be unsustainable and believes it
could face difficulties in refinancing its $1.15 billion term loan
due 2023 if its EBITDA generation and margins do not improve in the
next two years.

S&P could lower its ratings on Gulf if it envisions a near-term
liquidity crisis that would trigger a default in the next 12
months. This could occur if the company is unable to extend its
revolving credit facility due October 2020 in the short term (with
current borrowings of about $200 million) or if the refinancing
date for its term loan approaches and the rating agency doesn't
forsee a successful refinancing scenario.

"We could raise our ratings on Gulf if there is a material
improvement in its EBITDA generation that reduces its leverage
below 7.5x, which we consider a sustainable level. We believe this
would better position the company to successfully refinance its
term loan," S&P said.


H&L COHEN: Seeks to Hire Kutner Brinen as Attorney
--------------------------------------------------
H&L Cohen, LLC, seeks authority from the U.S. Bankruptcy Court for
the District of Colorado to employ Kutner Brinen, P.C., as attorney
to the Debtor.

Aspen Pacific requires Kutner Brinen to:

   a. provide the Debtor with legal advice with respect to its
      powers and duties;

   b. aid the Debtor in the development of a plan of
      reorganization under Chapter 11;

   c. file the necessary petitions, pleadings, reports, and
      actions that may be required in the continued
      administration of the Debtor's property under Chapter 11;

   d. take necessary action to enjoin and stay until a final
      decree herein the continuation of pending proceedings and
      to enjoin and stay until a final decree herein the
      commencement of lien foreclosure proceedings and all
      matters as may be provided under the Bankruptcy Code; and

   e. perform all other legal services for the Debtor that may be
      necessary herein.

Kutner Brinen will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Jeffrey S. Brinen, partner of Kutner Brinen, P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Kutner Brinen can be reached at:

     Jeffrey S. Brinen, Esq.
     KUTNER BRINEN, P.C.
     1660 Lincoln Street, Suite 1850
     Denver, CO 80264
     Tel: (303) 832-2400
     Fax: (303) 832-1510

                     About H&L Cohen LLC

H&L Cohen, LLC, based in Basalt, CO, filed a Chapter 11 petition
(Bankr. D. Colo. Case No. 19-19898) on Nov. 15, 2019.  The Hon.
Michael E. Romero oversees the case.  In the petition signed by
Howard Cohen, manager, the Debtor was estimated to have $0 to
$50,000 in assets and $1 million to $10 million in liabilities.
Jeffrey S. Brinen, partner of Kutner Brinen, P.C., serves as
bankruptcy counsel.




HAMILTONS 549 LLC: Seeks to Extend Solicitation Period to March 16
------------------------------------------------------------------
Hamiltons 549 LLC asked the U.S. Bankruptcy Court for the Southern
District of New York to extend the period during which it has the
exclusive right to solicit acceptances for its proposed Chapter 11
reorganization plan to March 16, 2020.  

The company filed its plan and disclosure statement on Sept. 13,
which contemplates a public sale of its real property located at
549 West 152nd St., N.Y.

Hamiltons 549 is seeking the extension to maintain a framework
conducive to an "orderly, efficient, and cost-effective"
confirmation process and to enable the company to prosecute the
plan without the distractions and costs attendant to competing
plans of reorganization, according to court filings.

                  About Hamiltons 549 LLC

New York-based Hamiltons 549 LLC classifies its business as single
asset real estate (as defined in 11 U.S.C. Section 101(51B)). It
owns in fee simple a property located at 549 West 152nd Street
N.Y., which has an appraised value of $3 million.

Hamiltons 549 filed a Chapter 11 petition (Bankr. S.D.N.Y. Case No.
19-11995) on June 17, 2019.  In the petition signed by Hermia
Nelson, member, the Debtor disclosed $3,000,000 in assets and
$1,525,055 in liabilities.  

Judge Shelley C. Chapman oversees the case.  Joel M. Shafferman,
Esq., at Shafferman & Feldman LLP, is the Debtor's bankruptcy
counsel.


HELIX GEN: S&P Alters Outlook to Negative, Affirms 'BB- ' ICR
-------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' rating on Helix Gen Funding,
LLC (Helix) and revised the outlook to negative from stable.

The project underperformed S&P's expectations in 2019 and continues
to lag debt paydown expectations.  

Largely because of lower-than-expected energy margins and cost
overruns for the oil storage tank, the project underperformed S&P's
expectations for 2019. Ravenswood realized trailing-12-months (TTM)
EBITDA of about $70 million and TTM cash flow available for debt
service (CFADS) of about $19 million, relative to S&P's expectation
for EBITDA of $114 million and CFADS of $84 million in 2019. The
project also continues to lag S&P's expectations for deleveraging,
with $884 million outstanding under the term loan B as of Sept. 30,
2019, relative to a target debt balance of $800 million.

The negative outlook reflects S&P's view that, despite likely
higher capacity prices in Zone J for the next two years, the
project has not demonstrated a track record of deleveraging and
continues to lag expectations and its target debt balance. Although
S&P believes this is achievable, the project would need to
demonstrate its ability and willingness to delever with a minimum
debt paydown of $60 million in 2020 to maintain the current rating.
Absent this, the project's metrics would likely be more in line
with a 'B+' rating. S&P continues to expect the project to maintain
operations consistent with historical performance, and maintain
DSCRs greater than 1.45x in every year of the rating agency's
forecast period.

"We could lower the rating if DSCRs fall below 1.4x in any year.
This would likely be caused by operational outages at Ravenswood,
NYISO capacity cleared capacity prices that fail to meet our
forward looking assumptions, or lower than expected realized energy
margins, leading to higher debt outstanding at refinancing," S&P
said.

"We could consider revising the outlook to stable if the project
pays down at least $60 million on the term loan B via prepayments
or cash flow sweeps in 2020 and we expect DSCRs to be greater than
1.4x in all years of our forecast," the rating agency said.


HORIZON COMMUNITY LEARNING CENTER: S&P Alters Outlook to Negative
-----------------------------------------------------------------
S&P Global Ratings revised its outlook to negative from stable and
affirmed its 'BB+' rating on the Phoenix Industrial Development
Authority, Ariz.'s series 2016 education revenue bonds, issued for
Horizon Community Learning Center Inc.

"The negative outlook reflects our view of a material drop in the
school's unrestricted cash position, which was greater than we
expected," said S&P Global Ratings credit analyst Beatriz Peguero.
While certain key financial metrics, based on audited fiscal 2019
operational results, remain sufficient for the rating, any further
softening in the school's liquidity position could pressure the
rating.

"Rating maintenance will likely depend on the school's ability to
improve its liquidity, and maintain coverage at levels more
consistent with the rating, while preserving a steady enrollment
and demand profile," said Ms. Peguero.

S&P assessed Horizon's enterprise profile as strong, characterized
by healthy enrollment levels above 1,500 and excellent retention,
supported by robust academics and a differentiated program focused
on gifted students, and a stable management team. It assessed
Horizon's financial profile as vulnerable, with a high debt burden,
somewhat slim 1.1x but consistent maximum annual debt service
(MADS) coverage, and lower days' cash on hand based on the use of
internal reserves to reinvestment back into the school, and a
negative unrestricted net asset position, due in part to losses
associated with the 2005 bond refunding. The rating agency believes
that, combined, these credit factors lead to an indicative
stand-alone credit profile of 'bb+' and a final rating of 'BB+'.

The bonds are secured by revenue of Horizon as defined in the
governing bond documents consisting primarily of per-pupil funding
from the state.

"The negative outlook reflects our view of the school's weakened
cash position, coupled with slim MADS coverage for the rating,"
added Ms. Peguero. S&P expects the school to maintain a steady
enrollment and demand profile, and continue to manage expenses and
reinvestment back into the school such that financial performance
remains positive on both a cash and accrual basis. S&P does not
expect it to issue additional debt.


HORIZON GLOBAL: Atlas Capital Has 9.7% Stake as of Dec. 20
----------------------------------------------------------
Atlas Capital Resources II LP, Lapetus Capital II LLC, Atlas
Capital GP II LP, Atlas Capital Resources GP II LLC, Andrew M.
Bursky, and Timothy J. Fazio disclosed in a Schedule 13D/A filed
with the Securities and Exchange Commission that, in the aggregate,
they beneficially own, as of Dec. 20, 2019, 2,473,904 shares of
common stock of Horizon Global Corporation, representing 9.74% of
the outstanding shares.  The percentage of Common Stock outstanding
was based on 25,387,388 shares of Common Stock outstanding as of
Nov. 7, 2019, according to the Form 10-Q filed by the Issuer with
the SEC on Nov. 12, 2019.

The 2,473,904 shares of Common Stock beneficially owned by the
Reporting Persons were acquired in open market transactions.  The
Reporting Persons expended an aggregate of approximately $10.3
million of their investment capital to acquire the shares of Common
Stock reported as beneficially owned by them in the Schedule 13D.

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

                       https://is.gd/kz1skb

                       About Horizon Global

Horizon Global -- http://www.horizonglobal.com/-- is a designer,
manufacturer, and distributor of a wide variety of
custom-engineered towing, trailering, cargo management and other
related accessory products in North America, Australia and Europe.
The Company serves OEMs, retailers, dealer networks and the end
consumer.

Horizon Global reported net losses of $204.9 million in 2018, $4.77
million in 2017, and $12.66 million in 2016.  As of Sept. 30, 2019,
Horizon Global had $466 million in total assets, $427.25 million in
total liabilities, and $38.75 million in total shareholders'
equity.

                            *   *   *

As reported by the TCR on Dec. 16, 2019, S&P Global Ratings
affirmed the 'CCC' issuer credit rating on Horizon Global Corp. and
revised the outlook to negative from developing.  The outlook
revision to negative reflects S&P's view that despite recent debt
reduction and temporary improvement in liquidity, Horizon's credit
metrics and liquidity remain quite weak and could worsen as the
rating agency expects the company to generate negative free flow.

As reported by the TCR on June 18, 2019, Moody's Investors Service
downgraded Horizon Global Corporation's Corporate Family Rating to
C from Caa3.  The downgrade reflects Moody's expectations that
modest earnings improvement will not be sufficient to reduce
leverage to a sustainable level and that the sale of the
Asia-Pacific segment will, while reducing secured leverage,
increase total leverage and create greater reliance on a quick
turnaround in the more weakly performing U.S. and European
operations to diminish restructuring risk.


HOSPITAL ACQUISITION: Jan. 15, 2020 Plan & Disclosure Hearing Set
-----------------------------------------------------------------
Debtors Hospital Acquisition LLC, et al., filed with the U.S.
Bankruptcy Court for the District of Delaware a motion for entry of
an order approving the combined disclosure statement and plan. On
December 3, 2019,

Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware approved the Combined Disclosure Statement and
Chapter 11 Plan of Hospital Acquisition LLC, et al.

The Court will convene a hearing on January 15, 2020 at 10:00 a.m.
(prevailing Eastern Time) to consider confirmation of the Plan.  

Parties-in-interest have until January 3, at 4:00 p.m., to file
objections to the Plan and Disclosure Statement

Eligible creditors also have until January 3, at 4:00 p.m. to file
their votes on the Plan.

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

             About Hospital Acquisition

Headquartered in Plano, Texas, and founded in 1992, Hospital
Acquisition LLC and its subsidiaries are operators of long-term
acute care hospitals. Through their operating subsidiaries, the
Debtors provide a full range of clinical services to patients with
serious and complicated illnesses or injuries requiring extended
hospitalization. They operate a 49-bed behavioral health hospital
in Pittsburgh, Pennsylvania as well as three out-patient wound care
centers located within its Plano, Texas, Fort Worth, Texas and
Dallas Texas hospitals. As of the petition date, the Debtors
operate 17 facilities in nine states.  

Hospital Acquisition LLC and its subsidiaries, including LifeCare
Holdings, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Lead Case No. 19-10998) on May 6, 2019.  

Hospital Acquisition was estimated to have assets of $100 million
to $500 million and liabilities of $100 million to $500 million.  

The Debtors tapped Akin Gump Strauss Hauer & Feld LLP and Young
Conaway Stargatt & Taylor, LLP as counsel; Houlihan Lokey, Inc. as
financial advisor; BRG Capital Advisors LLC as investment banker;
Prime Clerk LLC as claims and noticing agent; and Crowe LLP as its
audit and tax advisor.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 17, 2019. Greenberg Traurig, LLP, is the
committee's legal counsel.

Jerry Seelig of Seelig + Cussigh HCO LLC was appointed as the
patient care ombudsman in the Debtors' cases. Perkins Coie LLP and
Morris James LLP represent the PCO as legal counsel.


I-LOGIC TECHNOLOGIES: S&P Alters Outlook to Stable, Affirms B ICR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook on capital-market data and
analytics provider I-Logic Technologies Bidco Ltd. (doing business
as Dealogic) to stable from negative and affirmed all of its
ratings on the company, including the 'B' issuer credit rating.

The outlook revision reflects Dealogic's good progress executing on
its business transformation and its voluntary debt repayment that
has substantially reduced its adjusted leverage.

Through a combination of headcount reductions, office
consolidation, and overall prudent expense management, the company
has realized $35 million of cost savings and actioned an additional
$10 million in 2019. Combined with management's commitment to
deleverage, which is evidenced by the company's repayment of $47
million of debt since the acquisition, Dealogic's S&P-adjusted
leverage declined to the mid 7x area as of Sept. 30, 2019, from 10x
following the acquisition. S&P believes there are further
deleveraging opportunities such that it expects the company's
leverage to decline to the high 5x area by 2020 as large one-time
investments in product and software license fees roll-off in the
first quarter of 2019 and the company realizes the benefits of its
investments. Despite Dealogic's small scale, S&P recognizes the
company's high subscription-based revenue stream, industry leading
EBITDA margins, and high cash flow conversion as supporting the
current rating.

The stable outlook on Dealogic reflects S&P's expectation that the
company will grow its revenues organically by the low single digit
percent area and expand it EBITDA margins to the mid-50% area over
the next 12 months. Furthermore, S&P expects Dealogic to reduce its
leverage to the high-5x area and increase its FOCF-to-debt ratio to
the 10% area, supported by high renewal rates, the realization of
further synergies, and the roll-off of one-time costs.

"We could lower our ratings on Dealogic if its leverage remains
above 8x or its FOCF-to-debt ratio approaches the low single digit
percent area. This could occur if the company pursues debt-financed
dividends or acquisitions. We could also lower our rating if
Dealogic experiences a spike in customer attrition due to increased
competition or technology platform failures," S&P said.

"We could consider raising our ratings on Dealogic if it reduces
its leverage below 5x on a sustained basis, though we believe this
is unlikely given its financial-sponsor ownership and the
associated releveraging risk.  Alternatively, a meaningful
increases in the company's revenue scale and product diversify
while maintaining profitability could result in ratings upside,"
the rating agency said.


IDEANOMICS INC: Completes 1st Closing of YA II PN Purchase Deal
---------------------------------------------------------------
Ideanomics, Inc. completed on Dec. 19, 2019, the initial closing
with respect to a securities purchase agreement, with YA II PN,
Ltd., a company incorporated and existing under the laws of the
Cayman Islands, wherein YA II PN has agreed to purchase from the
Company up to $5,000,000 in units consisting of secured convertible
debentures, which will be convertible into shares of the Company's
common stock at $1.50 per share, subject to anti-dilution
adjustments, and shares of the Company's Common Stock. The purchase
and sale of the units will take place in three closings, of which
$2,000,000 of Convertible Debentures and 1,424,658 shares of Common
Stock closed on Dec. 19, 2019, $1,000,000 of Convertible Debentures
and 712,329 shares of Common Stock will be purchased upon the
filing with the U.S. Securities and Exchange Commission of a
Registration Statement in accordance with that certain Registration
Rights Agreement of even date herewith, and $2,000,000 of
Convertible Debentures and 1,424,658 shares of Common Stock will be
purchased on or about the date the Registration Statement has first
been declared effective by the SEC.  YA II PN also received (i) a
warrant exercisable for 1,666,667 shares of common stock at $1.50
with an expiration date 60 months from the date of the agreement,
and (ii) a warrant  exercisable for 1,000,000 shares of common
stock at $1.00 with an expiration date of 12 months from the date
of the agreement.  The Convertible Note matures on Dec. 19, 2020
and accrues at an 4% interest rate.  Pursuant to the terms of the
Convertible Note, YA II PN has anti-dilution rights which adjust
the $1.50 conversion price in connection with issuances below
$1.00.  In connection with the above transaction, the Company also
entered into a registration rights agreement with YA II PN which
grants YA II PN demand registration rights.

             Tree Technologies Acquisition Agreement

On Dec. 26, 2019 the Company closed on the transaction contemplated
in the Acquisition Agreement with Tree Technologies Sdn. Bhd., a
Malaysian Company engaged in the Electric Vehicle (EV) market,
pursuant to which the Company will purchase a 51% interest in Tree.
As consideration for the acquisition the Company is paying i)
US$870,000 in cash; ii) 9,500,000 restricted common shares of
Ideanomics, Inc. (IDEX), representing US$19,000,000 at $2.00 per
share; and iii) up to $32,000,000 in earnout payments over three
years, to be paid in cash or shares at the election of the company.
The Earnout will be based on Target performance over three
12-month periods beginning in 2020.

                      ID Venturas Agreement

On Dec. 19, 2019, Ideanomics, Inc. completed an additional issuance
agreement with ID Venturas 7, LLC, pursuant to which the Company
obtained a consent from ID Venturas in exchange for (a) 1,950,000
shares of the Company's common stock; (b) a common stock purchase
warrant to purchase 1,000,000 shares of the Company's common stock
at an exercise price of $1 with a seven year term in the form of
prior warrants issued to ID Venturas; (c) a two year extension of
the exercise period for all outstanding warrants held by ID
Venturas.

As previously reported on Forms 8-k filed on Feb. 28, 2019, Oct. 3,
2019, and Oct 29, 2019 respectively, the Company entered into
Securities Purchase Agreements, dated Feb. 22, 2019 and dated Sept.
27, 2019 with ID Venturas pursuant to which ID Venturas purchased
10% Senior Secured Convertible Debentures and common stock purchase
warrants and were granted additional investments rights to purchase
up to an additional $2,500,000 of Debentures and Warrants.  On Oct.
29, 2019 the Company entered into a letter agreement with ID
Venturas pursuant to which the Company agreed to reduce the
conversion price of the Debentures and the exercise price of the
Warrants to $1.00, subject to adjustment thereunder.  The Agreement
also reduced the conversion price of Debentures and the exercise
price of the Warrants issuable pursuant to the Additional
Investment Rights.

                       About Ideanomics

Ideanomics, formerly known as Seven Stars Cloud Group, Inc., is a
global fintech advisory and Platform-as-a-Service company.
Ideanomics combines deal origination and enablement with the
application of blockchain and artificial intelligence technologies
as part of the next-generation of financial services.  The company
is headquartered in New York, NY, and has offices in Beijing,
China.  It also has a planned global center for technology and
innovation in West Hartford, CT, named Fintech Village.

Ideanomics reported a net loss of $28.42 million for the year ended
Dec. 31, 2018, compared to a net loss of $10.86 million for the
year ended Dec. 31, 2017.  As of Sept. 30, 2019, Ideanomics had
$164.76 million in total assets, $47.26 million in total
liabilities, $1.26 million in convertible redeemable preferred
stock, and $116.24 million in total equity.

B F Borgers CPA PC, in Lakewood, Colorado, the Company's auditor
since 2018, issued a "going concern" opinion in its report dated
April 1, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company incurred
recurring losses from operations, has net current liabilities and
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


INDUSTRIAL PIPING: Wants Jan. 30, 2020 to File Plan & Disclosures
-----------------------------------------------------------------
Debtor Industrial Piping Solutions, Inc., moves the Bankruptcy
Court for a 60-day extension of the deadline to file its Plan and
Disclosure Statement though and including Jan. 30, 2020.

The Debtor has filed a Motion to Dismiss and expects ultimate
dismissal such that a Plan will not be required.  However, the
Debtor seeks additional time for filing a plan in the event the
case is not dismissed.  Dismissal should be determined within the
next 30 days.

The Debtor seeks an extension of the deadline to file a Plan and
Disclosure Statement, through, and including Jan. 30, 2020, in the
event that this case is not dismissed prior to that date.

A full-text copy of the motion is available at
https://tinyurl.com/vxypf2c from PacerMonitor.com at no charge.

Industrial Piping Solutions, Inc., sought Chapter 11 protection
(Bankr. E.D.N.C. Case No. 19-04006) on Aug. 31, 2019.

The Debtor is represented by:

         Bradford Law Offices
         Danny Bradford
         455 Swiftside Drive, Suite 106
         Cary, NC 27518-7198
         Tel: (919) 758-8879
         E-mail: Dbradford@bradford-law.com


INNERGEX RENEWABLE: S&P Puts 'BB' Issue-Level Ratings on Watch Neg.
-------------------------------------------------------------------
S&P Global Ratings placed its 'BBB-' issuer credit rating on
Innergex Renewable Energy Inc. (Innergex) and its 'BB' issue-level
ratings on the company's preferred shares on CreditWatch with
negative implications.

The company has been on an aggressive growth path and, since the
beginning of 2018, has either acquired or developed 1.5 gigawatts
of cumulative incremental capacity. While a considerable portion of
these capacity additions have ultimately been financed with
project-level debt, Innergex's corporate debt includes the equity
contributions from both previous transactions, as well as for
projects that are in development or under construction. The company
sold its Icelandic asset in 2019 and used the proceeds to reduce
holdco debt; however, its debt levels have nevertheless remained
elevated due to continued investments in newer projects. S&P
believes that if Innergex does not take credit-positive actions to
address the continuing amount of heightened leverage, there would
be negative implications for the rating.

The CreditWatch placement reflects continuing amounts of heightened
leverage at the holdco level. If Innergex does not take steps to
reduce debt, S&P would lower the rating. S&P intends to resolve the
CreditWatch in the next 90 days.



INPIXON: Chicago Ventures Agrees to Swap $525,000 Note for Equity
-----------------------------------------------------------------
Inpixon and Chicago Venture Partners, L.P., the holder of that
certain outstanding promissory note, issued on May 3, 2019, with an
outstanding balance of $2,472,828 as of Dec. 26, 2019, entered into
an exchange agreement on Dec. 26, 2019, pursuant to which the
Company and CVP agreed to (i) partition a new promissory note in
the form of the Original Note in the original principal amount
equal to $525,000 and then cause the outstanding balance to be
reduced by $525,000; and (ii) exchange the partitioned note for the
delivery of 7,500,000 shares of the Company's common stock, par
value $0.001 per share, at an effective price per share equal to
$0.07.  The shares of Common Stock will be delivered to CVP on or
before Dec. 30, 2019 and the exchange will occur with CVP
surrendering the partitioned note to the Company on the date when
the shares of Common Stock are approved and held by CVP's brokerage
firm for public resale.

CVP is also the holder of certain promissory notes with an
aggregate outstanding balance of approximately $4.14 million as of
Dec. 11, 2019.  Iliad Research and Trading, L.P., an affiliate of
CVP, is the holder of certain promissory notes with an aggregate
outstanding balance of approximately $1.19 million as of Dec. 11,
2019.  St. George Investments LLC, an affiliate of CVP, is also the
holder of a promissory note of the Company with an outstanding
balance of approximately $957,500 as of Dec. 11, 2019.

As of Dec. 26, 2019, the Company has issued and outstanding (i)
187,768,601 shares of Common Stock, which includes the issuance of
the shares of Common Stock pursuant to the exchange agreement, (ii)
1 share of Series 4 Convertible Preferred Stock which is
convertible into 202 shares of Common Stock, (iii) 126 shares of
Series 5 Convertible Preferred Stock which are convertible into
approximately 37,838 shares of Common Stock (subject to rounding
for fractional shares), (iv) warrants to purchase up to 112,800
shares of Common Stock issued on Jan. 15, 2019 in connection with
the Company's rights offering, exercisable at $3.33 per share, and
(v) Series A warrants to purchase up to 213,700 shares of Common
Stock issued on Aug. 15, 2019 in connection with the Company's
public offering and exercisable at $0.2775 per share.

                         About Inpixon

Headquartered in Palo Alto, California, Inpixon is a technology
company that helps to secure, digitize and optimize any premises
with Indoor Positioning Analytics (IPA) for businesses and
governments in the connected world.  Inpixon Indoor Positioning
Analytics is based on new sensor technology that finds all
accessible cellular, Wi-Fi, Bluetooth and RFID signals anonymously.
Paired with a high-performance, data analytics platform, this
technology delivers visibility, security and business intelligence
on any commercial or government premises worldwide.  Inpixon's
products, infrastructure solutions and professional services group
help customers take advantage of mobile, big data, analytics and
the Internet of Things (IoT).

Inpixon reported a net loss of $24.56 million for the year ended
Dec. 31, 2018, compared to a net loss of $35.03 million for the
year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company had
$30.49 million in total assets, $19 million in total liabilities,
and $11.48 million in total stockholders' equity.

Marcum LLP, in New York, the Company's auditor since 2012, 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 a significant
working capital deficiency, has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


INTEGRO GROUP: S&P Raises ICR to 'B'; Ratings Off Watch Positive
----------------------------------------------------------------
S&P Global Ratings raised its issuer credit ratings on
U.S.-domiciled Integro Group Holdings L.P. and Integro Parent Inc.
(collectively, Integro) to 'B' from 'B-' and removed them from
CreditWatch, where S&P had placed them with positive implications
on Dec. 18, 2018. The rating outlook is stable.

At the same time, S&P raised all issue-level ratings one notch in
line with the upgrade of the companies and removed them from
CreditWatch.

The upgrade reflects S&P's expectation for enhanced scale, more
stable operating performance, improved liquidity, and a less debt
intensive capital structure. S&P expects the company's acquisition
of London-based RFIB Group Ltd. (RFIB) to bolster top-line growth
in 2020 and strengthen Integro's core market presence by enhancing
its operational and product capabilities. S&P expects EBITDA margin
stability at about 25% according to the rating agency's
calculations, producing higher absolute cash flow generation and
improving credit protection measures for financial leverage and
coverage.

Integro's effort to refocus its market profile follows the
divestiture of its U.S. operations in January 2019, which provided
liquidity to fund the RFIB acquisition, repay $100 million on its
existing first-lien debt in December 2019 ($360 million was
outstanding on Sept. 30, 2019), and increase working capital. The
company also extended the expiration date (to April 2022 from
October 2020) for nearly all of its $80 million revolving credit
facility. Pro forma adjusted financial leverage for the
trailing-12-month (TTM) period ended September 2019 is 5.8x.

The stable outlook reflects S&P's expectation that Integro's key
credit metrics will reflect sustained improvement in 2020 (compared
with the rating agency's pro forma TTM third-quarter 2019 credit
metrics) because of the deleveraging use of cash and
acquisition-driven scale enhancement undertaken in the fourth
quarter of 2019. S&P expects revenue to be just above $300 million
(+30% growth) with a stable adjusted EBITDA margin near the 25%
level, according to the rating agency's calculations. S&P expects
adjusted financial leverage and EBITDA interest coverage to be
about 5.5x and 2.5x, respectively, for the same time period.

"Although an upgrade is unlikely within the next 12 months, we
could raise the ratings if cash flow generation improves financial
leverage and EBITDA coverage to a more conservative level
(financial leverage of less than 5x and EBITDA coverage above 3x)
that we would expect the company to sustain, combined with a track
record of profitable growth and enhanced scale and
diversification," S&P said.

"We could lower the ratings within 12 months if Integro were to
sustain leverage above 7x and EBITDA coverage of interest below 2x.
This would most likely be the result of unexpected deterioration in
operating performance deriving in part from weak deal execution
associated with RFIB's integration or a more aggressive financial
policy on the company's part with respect to capital management and
subsequent acquisition activity," S&P said.


INTERIOR LOGIC: S&P Alters Outlook to Stable, Affirms 'B' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook on interior finishings
design and installation services provider Interior Logic Group
Holdings IV LLC's (ILG) to stable from positive and affirmed all of
its ratings on the company, including its 'B' issuer credit rating
and issue-level rating.

S&P is also assigning its 'B' issuer credit rating to Interior
Logic Group Holdings, LLC, the parent company of ILG.

The company's EBITDA margin has declined due to a shift in its
demand toward smaller housing lots, macroeconomic headwinds
stemming from trade tariffs, and customer price concessions, which
have been partially offset by its leading market position.  In
response to shifting consumer preferences, homebuilders are
focusing on smaller, more affordable lots or packaged homes, which
has reduced ILG's average design revenue per lot. While S&P
believes that the company will continue to increase its organic
revenue as it wins additional volumes nationwide, it expects
consumer affordability concerns to continue to lead homebuilders to
focus on more streamlined homes, which will pressure ILG's EBITDA
margins. To a lesser degree, the company's gross margins have also
been negatively affected by tariffs on certain interior finishings,
and rising labor costs, which has affected the broader construction
industry at-large. Overall, ILG's S&P-adjusted EBITDA margins
declined to 5.8% as of the last 12 month period ended Sept. 30,
2019, from 6.8% as of fiscal year-end 2018.

The stable outlook on ILG reflects S&P's expectation that the
company will continue to expand its housing lot volume, and sustain
S&P-adjusted EBITDA margins of about 6% and a FOCF-to-debt ratio of
between 9% to 11% in 2019 and 2020 as it grows organically and uses
its cash balance for tuck-in acquisitions.

"We could raise our rating on ILG if it expands its earnings scale
by increasing its EBITDA margin toward the high-single digit
percent area, while improving its leverage to decline below 4x on a
sustained basis. We would also look for supportive conditions in
the residential construction industry and require the company's
financial-sponsor ownership to maintain leverage of well under 4x
and refrain from undertaking debt-funded dividends or large
acquisitions," S&P said.

"We could consider lowering our rating on ILG if its leverage rises
to and is sustained above 6x, likely due to a sudden decline in
demand stemming from a deterioration in the U.S. housing market, or
if its gross margins contracted by over 250 basis points (bps) from
our expectations. This would indicate a material increase in the
company's operating costs or a weakening of its ability to
competitively sell premium interior finishing products," the rating
agency said.


IRI HOLDINGS: S&P Affirms 'B-' ICR; Outlook Negative
----------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on IRI
Holdings Inc.

The negative outlook reflects IRI's elevated leverage as EBITDA
margin improvements did not materialize as forecast because of
materially higher operating expenses. S&P now expects adjusted
leverage in 2019 of about 14x, declining to 9x–9.5x in 2020. The
rating agency expects the leverage improvement to be driven by
revenue and EBITDA growth, including improvements in EBITDA margins
from lower one-time outsize start-up costs and transaction
expenses.

S&P expects IRI will continue to generate sufficient cash flow from
operations to service its debt obligations including its mandatory
amortization payments over the next 12 months, without requiring a
draw on its revolving facility. However, given the significant debt
burden--including the company's payment-in-kind (PIK) preferred
securities--any further unexpected slowdown in revenue growth or
EBITDA margins over the next 12 months would likely prevent the
company from growing into its current capital structure, leading to
a downgrade.

The company benefits from high customer retention rates, a
contracted revenue profile and history of growth.  IRI has
multiyear contracts across multiple customer bases in the food,
health care, beauty, and other categories. These contracts provide
good revenue visibility as contracts average 2–5 years with
approximately two-thirds or more of revenue under contract at the
beginning of each year. Additionally, the company has high customer
retention rates above 95% historically. The industry also has
significant barriers to entry, given the capital intensity and
required lead time to collect data, providing some market share
protection.

The negative outlook on IRI reflects S&P's expectations that
adjusted leverage will continue to be elevated above 9x and FOCF to
debt will be below 3% over the next 12 months. The negative outlook
also reflects the risk that a further slowdown in revenue growth or
EBITDA margin improvement could lead to an unsustainable capital
structure within the next 12 months.

"We could lower our issuer credit rating if we expect changing
competitive dynamics and secular pressures in the retail and CPG
industry to weaken IRI's market share and growth trajectory. In
that scenario, we would expect IRI's operating cash flow to be
inadequate to meet its debt-servicing obligations without requiring
a draw on its revolving facility," S&P said. The rating agency
forecasts that IRI would need to generate at least $35 million-$40
million in 2020 to meet its mandatory $12 million amortization
payments, and outpace its accruing PIK obligation on its preferred
security to sustain its capital structure.

S&P could revise its outlook to stable if IRI sustains revenue
growth and improves its EBITDA margin through lower operating
expenses over the next 12 months, such that the rating agency
forecasts FOCF to debt to remain consistently above 3%
(approximately $55 million of FOCF generation).


ISTAR INC: S&P Raises ICR to BB on Reduced Leverage; Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings said it raised its issuer credit, senior
secured, and senior unsecured debt ratings on iStar Inc. to 'BB'
from 'BB-'. The outlook on the issuer credit rating is stable. At
the same time, S&P raised its preferred stock rating on iStar to
'B' from 'B-'.

The upgrade reflects the firm's conversion of $200 million of
convertible preferred stock into common equity, which lowered pro
forma debt to total adjusted equity leverage to 2.5x. S&P believes
that this will result in leverage sustainably below 2.75x given
that it expects asset dispositions and operating cash flow to be
sufficient to support investment needs and maintain capitalization
without increasing debt. Further, the conversion and iStar's recent
debt refinancings have reduced interest expense and preferred
dividends, which, along with growth of its investment in Safehold
Inc., should improve core profitability going forward.

S&P's ratings on iStar reflect its concentration in higher-risk
commercial real estate (CRE), unique franchise, relatively low
leverage, long-term unsecured debt profile and supportive
liquidity.

Slow growth of the firm's core lending and on-balance-sheet net
leasing portfolios has limited core profitability while Safehold
ramps up its portfolio. For example, core earnings for the first
nine months of 2019 would have been minimal if not for a large gain
on sale of real estate assets and a large selling profit from a
sales-type lease transaction. Earnings from Safehold, approximately
$3 million in the third quarter of 2019, are expected to grow given
the growth of its portfolio and iStar's investment in Safehold.

The stable outlook reflects S&P's expectation that leverage will
remain below 2.75x. S&P believes that core earnings should improve
as Safehold continues to grow, and dispositions and cash flow from
legacy assets will support profitability and investment in the
business without material additional leverage. The rating action
also expects the firm to maintain its long-term, largely unsecured
funding profile and adequate liquidity.

Over the next 12 months it is unlikely that S&P would raise its
ratings on iStar. Over the longer term, S&P could raise its ratings
if iStar:

-- Maintains its unsecured funding profile and lowers debt to
adjusted total equity below 1.5x,

-- Reduces legacy assets to less than 10% of total assets, and

-- Demonstrates strong and sustainable core profitability.

Over the next 12 months, S&P could lower its ratings on iStar if it
expects:

-- Leverage to increase above 2.75x, or

-- Asset quality, profitability, or liquidity to deteriorate.



JAGUAR HEALTH: Will Raise $1.5 Million in Private Placement
-----------------------------------------------------------
Jaguar Health, Inc., entered into a securities purchase agreement
on Dec. 20, 2019, with certain investors, pursuant to which the
Company agreed to issue and sell to the Investors in a private
placement (i) an aggregate of approximately 2,500,000 unregistered
shares of the Company's common stock, par value $0.0001 per share,
and (ii) warrants to purchase up to an aggregate of approximately
1,250,000 shares of Common Stock, at an exercise price of $0.78 per
share, for an aggregate purchase price of approximately $1.5
million.  The Company intends to use the proceeds from the private
placement for working capital and general corporate purposes.

The Warrants will be exercisable at any time and from time to time
beginning 6 months after the closing date of the Private Placement
and ending 60 months after the closing date of the Private
Placement.  The Purchase Agreement includes representations,
warranties, and covenants customary for a transaction of this type.
In addition, the Company agreed to file a registration statement
on Form S-1 with the U.S. Securities and Exchange Commission no
later than 20 business days following the date of the Purchase
Agreement to register for resale the Shares and the Warrant
Shares.

                      Exchange Transaction

As previously disclosed, on Nov. 13, 2019, the Company entered into
a securities purchase agreement with Oasis Capital, LLC, pursuant
to which the Company issued and sold, in a registered public
offering by the Company directly to Oasis, pre-funded warrants to
purchase up to 2,222,223 shares of Common Stock at an offering
price of $0.80 per share, which when added together with the
exercise price of $0.01 per share, equals the Minimum Price as
defined under Nasdaq Listing Rule 5635(d).

On Dec. 23, 2019, the Company entered into an exchange agreement
with Oasis, pursuant to which Oasis exchanged the remaining
Pre-Funded Warrants exercisable for 1,236,223 shares of Common
Stock and 695,127 Pre-Funded Warrant Shares currently held by Oasis
for 10,165 shares of the Company's newly authorized Series B-2
Convertible Preferred Stock.  No additional shares of Common Stock
were issued to Oasis in the Exchange Transaction, and the number of
shares of Common Stock underlying the Exchange Securities is equal
to the number of shares of Common Stock underlying the Series B-2
Preferred Shares.

In connection with the Exchange Agreement, the Company and Oasis
entered into a lock-up agreement, pursuant to which Oasis has
agreed, subject to certain exceptions, not to lend, offer, pledge,
sell or otherwise transfer the Series B-2 Preferred Shares (or any
shares into which the Series B-2 Preferred Shares are exchanged or
converted) or publicly disclose the intention to do so, during the
six months immediately following the closing of the Exchange
Transaction.

               Amendments to Articles of Incorporation

On Dec. 23, 2019, the Company filed the Series B-2 Certificate of
Designation with the Secretary of State of the State of Delaware
creating a new series of authorized preferred stock of the Company,
designated as the "Series B-2 Convertible Preferred Stock."  The
Series B-2 Certificate of Designation became effective with the
Secretary of State of the State of Delaware upon filing.  The
shares of Series B-2 Convertible Preferred Stock rank on par with
the shares of the Common Stock, in each case, as to dividend rights
and distributions of assets upon liquidation, dissolution or
winding up of the Company.

With certain exceptions, as described in the Series B-2 Certificate
of Designation, the shares of Series B-2 Preferred Stock have no
voting rights.  However, as long as any shares of Series B-2
Preferred Stock remain outstanding, the Series B-2 Certificate of
Designation provides that the Company shall not, without the
affirmative vote of holders of a majority of the then outstanding
shares of Series B-2 Preferred Stock, (a) alter or change adversely
the powers, preferences or rights given to the Series B-2 Preferred
Stock or alter or amend the Series B-2 Certificate of Designation
or (b) enter into any agreement with respect to any of the
foregoing.

Each share of Series B-2 Preferred Stock is convertible at any time
at the holder's option into 190 shares of Common Stock, which
conversion ratio will be subject to adjustment for stock splits,
stock dividends, distributions, subdivisions and combinations and
other similar transactions as specified in the Series B-2
Certificate of Designation.  Notwithstanding the foregoing, the
Series B-2 Certificate of Designation further provides that the
Company shall not effect any conversion of the shares of Series B-2
Preferred Stock, with certain exceptions, to the extent that, after
giving effect to an attempted conversion, the holder of shares of
Series B-2 Preferred Stock (together with such holder's affiliates
and any persons acting as a group together with such holder or any
of such holder's affiliates) would beneficially own a number of
shares of Common Stock in excess of 9.99% of the shares of Common
Stock then outstanding. At the holder's option, upon notice to the
Company, the holder may increase or decrease this beneficial
ownership limitation not to exceed 9.99% of the shares of Common
Stock then outstanding, with any such increase becoming effective
upon 61 days' prior notice to the Company.

                      About Jaguar Health

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

Jaguar Health reported a net loss of $32.14 million for the year
ended Dec. 31, 2018, compared to a net loss of $21.96 million for
the year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company
had $35.63 million in total assets, $15.25 million in total
liabilities, $9 million in series A convertible preferred stock,
and total stockholders' equity of $11.38 million.

BDO USA, LLP, in San Francisco, California, the Company's auditor
since 2013, issued a "going concern" opinion in its report dated
April 10, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
suffered recurring losses from operations and an accumulated
deficit that raise substantial doubt about its ability to continue
as a going concern.


KATHLEEN CAMPBELL: Selling Two Jeffersonville Properties
--------------------------------------------------------
Kathleen Fritz Campbell asks the U.S. Bankruptcy Court for the
Western District of Kentucky to authorize the sale of her Indiana
Real Estate: (i) located at 1802 East 10th Street, Jeffersonville,
Indiana; (ii) located at 1084 East Tenth Street, Jeffersonville,
Indiana.

A hearing on the Motion is set for Jan. 7, 2020 at 10:00 a.m. (ET).
Objections, if any, must be filed no later than seven days prior
to the scheduled hearing.

The Debtor proposes to sell the Property free and clear of all
liens and encumbrances.  

Kathleen Fritz Campbell sought Chapter 11 protection (Bankr. W.D.
Ky. Case No. 18-33552) on Nov. 20, 2018.  The Debtor tapped Michael
W. McClain, Esq., at McClain Dewees, PLLC, as counsel.


KHAN AVIATION: Trustee Selling Cessna Aircraft to GLC for $265K
---------------------------------------------------------------
Kelly Hagan, the Chapter 11 trustee for Khan Aviation, Inc., and
its affiliates, asks the U.S. Bankruptcy Court for the Western
District of Michigan to authorize the sale of its Cessna model 421B
aircraft bearing serial number 421BO926 with two Continental
GTSIO-520 engines to GLC Aviation, LLC for $265,000, subject to
higher and better offers.

Among the assets of the estate is the Aircraft.  The Trustee asks
approval to sell the Aircraft free and clear of all liens,
interests and encumbrances with liens and encumbrances attaching to
the proceeds of the sale.

The Aircraft is encumbered by a security interest granted to
KeyBank National Association dated July 19, 2019 securing
obligations in excess of $100 million.  The Security Agreement is
in dispute and is subject to an adversary proceeding being
prosecuted by the Trustee, being Adversary Proceeding 19-801
19-swd.  The Adversary Proceeding asserts that the Security
Agreement should be voided on various grounds including 11 U.S.C.
Sections 547 and 548. The Granting of the Security Agreement was
done within the 90 days of the Petition Date to secure obligations
of separate entities referred to as the Interlogic Borrowers.  The
Trustee does not believe that the Aircraft is encumbered by any
other obligation except the obligation, if any, owed to KeyBank.

Any transfer taxes or other taxes or fees imposed upon the sale of
the Aircraft will be paid from the sale proceeds.

The Trustee has hired Broker Goshen Air Center to assist in the
sale of the Aircraft.  The Broker has been very active in obtaining
offers for the Trustee on the Aircraft and was instrumental in
bringing the accepted offer to the Trustee.  

The Trustee has accepted an offer for the Aircraft in the amount of
$265,000 pursuant to the Aircraft Purchase Agreement.  The Trustee
has reviewed sales comparisons for similar Aircraft as well as
appraisals of the aircraft and believes that the purchase price for
the Aircraft is fair and reasonable.

The Trustee asks approval for the payment of ordinary closing costs
including fees and taxes imposed upon the sale of the Aircraft, and
customary fees charged by Insured Aircraft Title Service, LLC who
acts as escrow agent in the transfer of the Aircraft to the Buyer.
All valid liens, interests and encumbrances attaching to the
Aircraft will attach to the net proceeds from the sale of the
Aircraft.  The Trustee will not utilize the net proceeds from the
sale without the consent of KeyBank or further order of the Court.

The transfer of the Aircraft will be "as is, where is" and free and
clear of all liens, interests and encumbrances.

The sale is subject to Court approval and any better offers
submitted to the Trustee up until the deadline to object to the
sale.  Better offers may be submitted to Kevin M. Smith, attorney
for the bankruptcy estate by mail or email at ksmith@bbssplc.com.
In the event that there are competing bidders, the Trustee will
establish bidding procedures to obtain the highest purchase price.

The Trustee believes that a sale of the Aircraft is in the best
interest of the estate and creditors.

The Trustee also asks the approval of the Broker's commission.  The
Broker's commission is 2.5% of the gross sales price.  The Trustee
asks the Court's approval to pay the Broker's commission at
closing.  After the payment of all undisputed liens, closing costs,
fees and taxes, the Broker's Commission and the like, the sale
proceeds will be held by the Trustee subject to a determination of
the validity and extent of the attachment of the Security Agreement
to the Aircraft and its proceeds.

A copy of the Agreement is available at https://tinyurl.com/wx7xzwt
from PacerMonitor.com free of charge.

                      About Khan Aviation

Khan Aviation, Inc. and its affiliates, GN Investments LLC, KRW
Investments Inc., NJ Realty LLC, NAK Holdings LLC, and Sarah Air
LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Mich. Case Nos. 19-04261, 19-04262, 19-04264,
19-04266, 19-04267 and 19-04268) on Oct. 8, 2019.

The cases are jointly administered with that of Najeeb Ahmed Khan
(Bankr. W.D. Mich. Case No. 19-04258), which is the lead case.
Judge Scott W. Dales presides over the cases.   

The Debtors are represented by Robert F. Wardrop, II, Esq., at
Wardrop & Wardrop, P.C.

Kelly Hagan was appointed as Chapter 11 trustee for the Debtors'
bankruptcy estates.  The trustee is represented by Hagan Law
Offices, PLC.

At the time of the filing, the Debtors' estimated assets and
liabilities are as follows:

  Debtors                 Assets               Liabilities
  -------           --------------------   ----------------------

  Khan Aviation      $1-mil. to $10-mil.      $1-mil. to $10-mil.
  GN Investments     $1-mil. to $10-mil.   $100-mil. to $500-mil.
  KRW Investments   $10-mil. to $50-mil.   $100-mil. to $500-mil.
  NJ Realty          $1-mil. to $10-mil.   $100-mil. to $500-mil.
  NAK Holdings       $1-mil. to $10-mil.   $100-mil. to $500-mil.
  Sarah Air          $500,000 to $1-mil.   $100-mil. to $500-mil.


KOI DESIGN: Marron Lawyers Reserve Rights Under Plan
----------------------------------------------------
Marron Lawyers APC filed a reservation of rights in response to the
First Amended Disclosure Statement and First Amended Plan of
Reorganization of Koi Design LLC.

Through confirmation of the plan, the Debtor seeks approval of its
proposed settlement with SPI.  Under the SPI Settlement Agreement,
the Debtor would stipulate to an allowed, non-avoidable secured
claim in favor of SPI in the amount of $5,266,380.68.  The SPI
Secured Claim would be deemed satisfied upon payment of $3.5
million, plus the assignment of a portion of a certain Fiduciary
Duty Action.

Marron is a defendant in the Fiduciary Duty Action.  Marron
complains that on the face of the documents, neither the Plan nor
the SPI Settlement Agreement purports to diminish any of Marron's
rights or defenses in connection with the Fiduciary Duty Action.

          About Koi Design

Koi Design LLC -- https://www.koihappiness.com/ -- is an
independently-owned, woman-run company engaged in wholesale
distribution of women's and men's clothing and accessories.

Koi Design, a California limited liability company, filed a
voluntary Chapter 11 petition (Bankr. C.D. Cal. Case No. 19-10762)
on Jan. 25, 2019. In the petition signed by Kathy Peterson,
president, and managing member, the Debtor was estimated to have
$10 million to $50 million in both assets and liabilities. The case
is assigned to Judge Neil W. Bason. The Debtor tapped Brutzkus
Gubner Rozansky Seror Weber LLP as its legal counsel, and Broadway
Advisors, LLC as its financial advisor.



KP ENGINEERING: Seeks to Extend Exclusivity Period to Feb. 21
-------------------------------------------------------------
KP Engineering, LP and KP Engineering, LLC asked the U.S.
Bankruptcy Court for the Southern District of Texas to extend the
exclusive period for the companies to file a Chapter 11 plan to
Feb. 21, 2020, and the deadline for the companies to obtain
acceptances for the plan to April 20, 2020.

The companies said they need additional time to draft a plan term
sheet to be used as basis for negotiating with creditors.

                      About KP Engineering

KP Engineering, LP and KP Engineering, LLC -- https://www.kpe.com--
are primarily engaged in the business of designing and executing
customized engineering, procurement, and construction projects for
the refining, midstream, and chemical industries. As an EPC
contractor, the companies generally enter into agreements with
owners pursuant to which they will design a facility, procure the
needed equipment and materials, and supervise construction of the
facility.  

KP Engineering, LP and KP Engineering, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Case No.
19-34698) on Aug. 22, 2019.

At the time of the filing, KP Engineering had estimated assets of
between $10 million and $50 million and liabilities of between $50
million and $100 million.  

The cases have been assigned to Judge David R. Jones.

KP Engineering tapped Hunton Andrews Kurth LLP and Okin Adams LLC
as legal counsel; Claro Group LLC as restructuring advisor; and
Omni Management Group, Inc. as claims and noticing agent.



KRUGER PRODUCTS: DBRS Confirms BB Issuer Rating, Trend Stable
-------------------------------------------------------------
DBRS Limited confirmed Kruger Products L.P.'s (KPLP or the Company)
Issuer Rating at BB and its Senior Unsecured Notes (the Notes)
rating at B (high), both with Stable trends. The recovery rating on
the Notes remains RR6. Although the Company's credit metrics
weakened within the BB rating category, DBRS Morningstar confirmed
the ratings as it expects sufficient top-line growth over the
medium term to absorb the source of the recent pressure on
earnings. KPLP's credit risk profile continues to be supported by
its strong brands and leading market position in the Canadian
tissue products market, stable demand, and significant barriers to
entry. The Company's ratings also continue to reflect intense
competition, volatile input costs, and product/market
concentration.

DBRS Morningstar bases its analysis on KPLP's deconsolidated
financial statements, which excludes subsidiaries that are
unrestricted and non-recourse to the Company (i.e., the
through-air-dried (TAD) projects).

KPLP's earnings profile should slowly recover within the BB
category over the medium term. DBRS Morningstar forecasts that
revenue will increase in the low-single digits in the near to
medium term on the back of volume growth. While the Company will
continue to benefit from recent price increases in the near term,
the highly competitive industry in which the Company operates as
well as the strong bargaining power of major retailers may pressure
margins. Furthermore, DBRS Morningstar expects the impact of rising
input costs and higher costs associated with the Company's planned
reinvestment in its business to more than offset cost-saving
benefits from the Operational Excellence program. As such, DBRS
Morningstar forecasts that EBITDA will grow toward $90 million by
F2021 from $84 million in the last 12 months ended September 30,
2019.

DBRS Morningstar also expects KPLP's financial profile to recover
within the BB rating category over the medium term, primarily
supported by a slow recovery in earnings. KPLP's operating cash
flow and capital expenditures should remain relatively flat over
the near to medium term in the range of approximately $62 million
to $65 million and $30 million to $35 million per annum,
respectively. The Company's free cash flow (FCF) after cash
dividend outlays should increase to approximately $20 million in
F2020 with Kruger Inc.'s 100% Dividend Reinvestment Plan
participation for that year. DBRS Morningstar expects KPLP to fund
its remaining $62.5 million investment in the construction of the
TAD plant in Sherbrooke (the TAD Sherbrooke project) with FCF and
additional debt drawdowns in F2020. FCF will also be applied to
mandatory debt repayment of approximately $5 million and $7 million
by the end of F2020 and F2021, respectively. As such, DBRS
Morningstar forecasts lease-adjusted debt-to-EBITDA to be 4.2 times
(x) at the end of F2020 and improve to below 4.0x over the medium
term. If leverage remains above 4.0x for a sustained period
resulting from weaker-than-expected operating performance and/or
more aggressive financial management, the ratings will be
pressured. Although unlikely, a positive rating action could be
influenced by material and sustainable structural improvement in
the tissue products industry.

Notes: All figures are in Canadian dollars unless otherwise noted.


LEGALZOOM.COM INC: S&P Affirms 'B-' ICR; Outlook Positive
---------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on
Glendale, Calif.-based LegalZoom.com Inc. (LegalZoom), a provider
of online legal products and services. The outlook remains
positive.

At the same time, S&P affirmed its 'B' issue-level rating on the
company's first-lien secured credit facilities, consisting of $535
million term loan and $40 million revolving credit facility,
indicating the rating agency's expectation for substantial recovery
(70%-90%; rounded estimate: 70%) in the event of a payment default.
The recovery rating remains '2'.

S&P expects credit measures to improve in 2020 as LegalZoom
continues to execute its growth strategy.  LegalZoom has
demonstrated good operating performance year to date (YTD) as of
Sept. 30, 2019, with revenue growth of 7% compared with the same
period last year, driven mainly by higher average revenue per user
(ARPU), partially offset by declines in transaction-based revenue.
It's likely LegalZoom will experience margin improvement of roughly
300–400 basis points (bps) in 2019, driven by improved revenue
mix shift toward higher-margin subscription-based revenue, along
with operating efficiencies. The company experienced roughly 20%
growth in subscription-based revenue YTD, which includes services
such as registered agent, attorney advice, and compliance packages,
due mainly to increases in ARPU and modest subscriber growth. The
higher ARPU was mainly the result of strong pricing power for the
business, as well as deeper client penetration. Transactional
revenue was down 11% YTD, largely as a result of a strong
comparison to the similar period in 2018, where the company got a
boost from expectations for U.S. tax reform and positive business
sentiment. Conversion rates for transactional revenue to
subscription have been in the high 50% area YTD, and customer churn
is up modestly. S&P expects a return to growth in transaction-based
revenue in 2020 as the difficult comparison rolls off, and
continued high growth in subscription revenue, largely driven by
the stickiness of the registered agent business and further
improving ARPU, results in high-single-digit growth for the company
over the next 12 months. A key risk to S&P's forecast is the higher
risk of recession, which would likely lead to lower business
formation and business closures. S&P Global forecasts that the risk
of recession has increased to 25%-30%, up from 20%-25% over the
past year.

The positive outlook reflects S&P's expectation that high growth in
subscription revenue, higher ARPU, and improved performance in
transaction-based revenue will result in modest deleveraging over
the next 12-month period and that reported FOCF to debt will remain
comfortably in excess of 5%. S&P expects leverage to decline to 7x
at year end 2020.

"We could raise the rating to 'B' if we expected adjusted leverage
would decline and remain below 7x. In this scenario, the new
management team would demonstrate strong cash flow generation, a
turnaround in transaction revenues, EBITDA margins in the
high-teens percentage area, and reported FOCF to debt sustained in
the mid- to high-single-digit area," S&P said.

"We could revise our outlook to stable if recent declines in
transactional revenues continued, higher than expected customer
acquisition spending caused margins to deteriorate, investments in
the business weighed on free cash flow, or the company pursued
additional debt-financed dividends or large debt-funded
acquisitions that resulted in elevated leverage," S&P said, adding
that a downgrade would most likely result from sustained FOCF
deficits or if the rating agency considered the capital structure
to be unsustainable, which would be caused by the loss of
subscribers, slower new business formation, or
greater-than-expected competitive pressures.


LIVEXLIVE MEDIA: Increases CSO's Annual Salary to $300K
-------------------------------------------------------
LiveXLive Media, Inc. entered into Amendment No. 5 to the Amended
and Restated Employment Agreement, dated as of Sept. 1, 2017, with
Jerome N. Gold, the Company's chief strategy officer and executive
vice president.  Pursuant to the Amendment, (i) the term of the
Employment Agreement was extended by an additional two years, (ii)
Mr. Gold's annual salary increased to $300,000 effective as of
Sept. 1, 2019, and (ii) Mr. Gold was granted 350,000 restricted
stock units.  The Gold RSUs were granted pursuant to the Company's
2016 Equity Incentive Plan, as amended. 66.6% of the Gold RSUs will
vest on Sept. 1, 2021 and the remaining 33.4% of the Gold RSUs
shall vest on Sept. 1, 2022, subject to Mr. Gold's continued
employment with the Company through the applicable Vesting Date.
In the event of a "Change of Control" any unvested portion of the
Gold RSUs will vest immediately prior to such event, subject to Mr.
Gold's continued employment with the Company immediately through
the date of a Change of Control.  Each vested Gold RSU will be
settled by delivery to Mr. Gold of one share of the Company's
common stock on the first to occur of: (i) the date of a Change of
Control, (ii) the date that is ten business days after the
appliable Vesting Date; (iii) the date of Mr. Gold's death, and
(iv) the date of Mr. Gold's Disability (as defined in his
Employment Agreement).  The Gold RSUs grant will be evidenced by
the Company's standard award agreement that will specify such other
terms and conditions as the Company's board of directors, in its
sole discretion, will determine in accordance with the terms and
conditions of the 2016 Plan, including all terms, conditions and
restrictions related to the grant.

If the vesting of Mr. Gold's Equity Compensation, including the
Gold RSUs, accelerates pursuant to the terms of the Employment
Agreement in the event of his death or Disability or termination by
the Company without Cause or by Mr. Gold for Good Reason, Mr. Gold
will be subject to a lock-up period of 12 months from the
applicable accelerated vesting date.  During the Lock-up Period,
Mr. Gold agreed not to dispose or transfer any shares of the
Company's common stock received under the Employment Agreement
(including as a result of settlement or exercise of any vested
equity awards, including the Gold RSUs), subject to certain
standard exceptions.  Subsequent to the expiration of the Lock-Up
Period, for a period of one year, Mr. Gold will not have the right
to sell on each trading day more than 10,000 shares of the
Company's common stock, as adjusted for any stock dividend, stock
split or other reclassification affecting the Company's equity
securities occurring after Dec. 10, 2019; provided, that the Daily
Trading Limit will not apply to the Company's equity securities
obtained by Mr. Gold in open market transactions.

                      About LiveXLive Media

Headquartered in West Hollywood, CA, LiveXLive --
http://www.livexlive.com/-- is a global digital media company
focused on live entertainment.  The Company operates LiveXLive, a
live music video streaming platform; and Slacker Radio, a streaming
music pioneer; and also produces original music-related content.
LiveXLive is the first 'live social music network', delivering
premium livestreams, digital audio and on-demand music experiences
from the world's top music festivals and concerts, including Rock
in Rio, EDC Las Vegas, Hangout Music Festival, and many more.
LiveXLive also gives audiences access to premium original content,
artist exclusives and industry interviews.  Through its owned and
operated Internet radio service, Slacker Radio (www.slacker.com),
LiveXLive delivers its users access to millions of songs and
hundreds of expert-curated stations.

LiveXLive reported a net loss of $37.76 million for the year ended
March 31, 2019, compared to a net loss of $23.33 million for the
year ended March 31, 2018.  As of June 30, 2019, the Company had
$53.93 million in total assets, $52.13 million in total
liabilities, and $1.79 million in total stockholders' equity.

BDO USA, LLP, in Los Angeles, California, the Company's auditor
since 2018, issued a "going concern" opinion in its report dated
June 21, 2019, on the Company's consolidated financial statements
for the year ended March 31, 2019, citing that the Company has
suffered recurring losses from operations and has a working capital
deficiency.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


LUMENTUM HOLDINGS: S&P Affirms 'BB-' ICR; Outlook Stable
--------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issuer credit rating on
Lumentum Holdings Inc.

At the same time, S&P placed its 'B+' issue-level rating on the
company's convertible debt on CreditWatch with positive
implications. The rating agency plans to resolve the CreditWatch by
raising its issue-level rating on the convertible debt to 'BB-'
once Lumentum's term loan is repaid in full.

S&P's rating on Lumentum reflects its adjusted gross leverage in
the high-3x area pro forma for the proposed convertible debt
issuance, the company's strong liquidity following the close of the
deal (with greater than $1 billion in cash), and the solid
execution on its integration of Oclaro. S&P's rating also reflects
the company's growing revenue and EBITDA, high customer
concentration, the volatility of its future revenue from Huawei,
and the limited historical profitability of its datacom and telecom
businesses. With the proposed convertible debt issuance, the
company is effectively exchanging its term debt for convertible
debt and adding liquidity to its balance sheet, which should
provide it with flexibility to execute its merger and acquisition
(M&A) plans and lower its interest expense.

The stable outlook on Lumentum reflects S&P's expectation that the
company will continue to expand its lasers and consumer businesses,
maintain its strong cash position and generate free cash flow of
greater than $200 million annually.

"We could consider upgrading Lumentum if it continues to improve
the scale and diversity of its business while maintaining leverage
of less than 3x," S&P said.

"We could lower our rating on Lumentum if it continues to lose
business in China or faces stronger competition in its consumer
laser business such that its revenue and EBITDA margins decline and
cause its leverage to approach the 5x area. We could also lower the
rating if the company uses its large cash position to execute share
buybacks such that its balance sheet cash drops to about $500
million and it sustains leverage of more than 4x," the rating
agency said.


MAIREC PRECIOUS: U.S. Trustee Objects to Disclosure Statement
-------------------------------------------------------------
The United States Trustee filed an objection to the Chapter 11
Trustee's and the Official Committee of Unsecured Creditors' Joint
Disclosure Statement for Mairec Precious Metals U.S., Inc., filed
on November 6, 2019.

The U.S. Trustee notes that the Debtor's bankruptcy schedules
listed no secured creditors and reflected approximately $8.3
million in its bank account.  Upon information and belief, there
was approximately $1.8 million in the Debtor's metal pool account
at the time of the bankruptcy filing.  The Debtor's bankruptcy
schedules also listed accounts receivable in the total face amount
of $19,626,208, of which approximately $7.4 million was due from
Mairec Edelmetallgesellschaft MBH.  Mairec Germany is the 100%
owner of the Debtor and a co-defendant with the debtor in a
prepetition civil suit brought by one of the Debtor's creditors.

The U.S. Trustee points out in its objection that:

   * The identification of Mairec Germany's current, former and
future parent and subsidiary corporations and related entities
cannot be found in the Disclosure Statement or Plan.  Presumably,
the employee benefit plans are Mairec Germany's and not the
Debtor's, but it is not clear why this is included in the released
parties.  The fiduciaries, predecessors, officers, directors,
agents, employees, legal counsel and assigns are not identified.
Mairec Germany's shareholders are identified as Julia Maier and
Thomas Maier.  In short, the Mairec Germany Released Parties cannot
be clearly and specifically identified and the definition of the
Released Parties is far too broad.

  * Exhibit C to the Disclosure Statement is the proposed notice to
the Indirect Sub-Suppliers.  The Notice does not state that the
Indirect Sub-Suppliers will be bound by the terms of the Plan,
which includes a broad release of Mairec Germany and numerous other
unknown persons and entities.

A full-text copy of the Objection is available at
https://tinyurl.com/src8jbd from PacerMonitor.com at no charge.

             About Mairec Precious Metals U.S.

Mairec Precious Metals U.S., Inc., specializes in the recovery of
precious metals including gold, silver, platinum, palladium or
rhodium from various materials containing them.  The Company
collects and recycles car catalysts, industrial catalysts,
electronic scrap, various sweeps and concentrates and other
industrial waste.

Mairec Precious Metals U.S. filed for Chapter 11 bankruptcy
protection (Bankr. D.S.C. Case No. 19-01198) on March 1, 2019.  In
the petition signed by CRO David M. Baker, the Debtor was estimated
to have $50 million to $100 million in assets and $10 million to
$50 million in liabilities.

The case has been assigned to Judge Helen E. Burris.

The Debtor tapped McCarthy, Reynolds, & Penn, LLC as its counsel,
and SSG Advisors, LLC, as its investment banker.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on March 13, 2019. The committee is represented by Beal,
LLC.

Janet B. Haigler was appointed Chapter 11 trustee for the Debtor on
May 17, 2019. The Trustee is represented by Haynsworth Sinkler
Boyd.


MARTIN MIDSTREAM: S&P Lowers ICR to 'B-'; Outlook Developing
------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Martin
Midstream Partners L.P. (Martin) to 'B-' from 'B'. At the same
time, S&P lowered its issue-level rating on the partnership's
senior unsecured notes due February 2021 to 'B-' from 'B'. The '3'
recovery rating remains unchanged, indicating S&P's expectation for
meaningful (50%-70%; rounded estimate: 55%) recovery.

The downgrade reflects Martin's near-term refinancing risk and weak
liquidity over the next 12 months. In July 2019, the partnership
extended the maturity date of its RCF to August 2023 from March
2020. However, the amended agreement includes a provision that
accelerates the maturity date to August 2020 if Martin is unable to
refinance its $373 million senior notes by Aug. 19, 2020. Given the
heightened refinancing risk for these notes, S&P assumes that the
maturity of the RCF will be accelerated. Under this scenario,
Martin's weighted average debt maturity profile would be less than
one year and the partnership would also lack sufficient liquidity
to meet this maturity payment.

The developing outlook on Martin reflects that S&P could raise or
lower its rating on the partnership depending on the steps the
company takes to improve its liquidity, including the refinancing
of its $373 million outstanding senior unsecured notes before
August 2020.

"We could lower our rating on Martin if it is unable to refinance
its notes in early 2020. Under this scenario, the RCF's maturity
date would accelerate to August 2020 from August 2023. Given our
weak assessment of Martin's liquidly assuming the accelerated
maturity, we expect that the partnership would face difficulty in
repaying its RCF. As of Sept. 30, 2019, there was $233 million
outstanding under the partnership's RCF," S&P said.

"We could raise our rating on Martin if its liquidity position
improves, including due to the refinancing of its senior notes in
early 2020. A positive rating action would also require an
unchanged business risk profile and an adjusted leverage ratio of
less than 5x," the rating agency said.


MARYMOUNT UNIVERSITY: S&P Affirms 'BB+' Rating on Revenue Bonds
---------------------------------------------------------------
S&P Global Ratings' revised its outlook to stable from positive and
affirmed its 'BB+' long-term rating on the Virginia College
Building Authority's series 2015A and 2015B revenue bonds issued
for Marymount University (MU).

The rating and revised outlook reflect S&P's view that MU's credit
profile weakened unexpectedly in fiscal 2019 when a return to
profitability had been anticipated," said S&P Global Ratings credit
analyst Ken Rodgers. MU incurred its second consecutive adjusted
operating loss in fiscal 2019 and its debt service coverage fell
below its required 1.15x rate covenant. S&P understands management
attributes the weaker-than-anticipated results to a decline in
undergraduate full-time equivalent (FTE) enrollment, a fall-off in
fundraising receipts after the conclusion of a recent campaign and
transition in some key management positions.

The stable outlook reflects S&P's view that Marymount University's
finances should improve in fiscal 2020 and 2021 from
new-invigorated presidential leadership, expected enrollment growth
and greater efficiencies from new or recently renovated facilities.
S&P believes undergraduate enrollment pressure, unanticipated
turnover in key management positions and a decline in fundraising
support in fiscal 2019 led to the university's not doing better
from a financial operations standpoint than had been anticipated
early in the fiscal year. As MU has begun to adjust its operations
in the last two quarters of calendar year 2019, S&P anticipates
that MU will meet its rate covenant in fiscal 2020 and return to
profitability on a full accrual basis in fiscal 2021 with a slight
deficit possible for fiscal 2020. In addition, S&P assumes there
will be no deterioration in the expendable resources to debt ratio
as no additional debt is anticipated in the next two years.


MATCH GROUP: S&P Puts 'BB' ICR on Watch Negative
------------------------------------------------
S&P Global Ratings placed all of its ratings on New York City-based
Match Group Inc., including its 'BB' issuer credit rating, on
CreditWatch with negative implications.

The CreditWatch placement follows announcement by InterActive Corp.
(IAC), Match's parent, that it entered into a definitive agreement
to fully separate Match of which it owns 80.5%. As part of the
proposed transaction, Match will assume roughly $1.7 billion of
exchangeable notes issued by IAC subsidiaries. Furthermore, Match
will issue approximately $840 million in cash consideration to its
shareholders, funded with $500 million in new debt and cash on the
balance sheet. This will result in pro forma leverage of 4.4x as of
transaction close (from about 1.7x currently), which exceeds our 3x
downgrade trigger for the 'BB' rating. The transaction remains
subject to shareholder approval and is expected to close in
second-quarter 2020.

S&P intends to resolve the CreditWatch placement in the coming
months after meeting with management to assess its financial policy
and path to reduce leverage following the transaction and after
definitive terms for the new debt become available. S&P will also
evaluate the impact that increased competition and ongoing
litigation costs will have on operations and Match's ability to pay
down debt.

"We could affirm the 'BB' rating if the spin-off is executed and we
expect the company to prioritize deleveraging over
shareholder-rewarding initiatives, such that we expect leverage to
decline and approach 3x within 12 months after the transaction.
Depending on our view of Match's financial policy and business
following the separation, we could also potentially loosen our
downgrade threshold for the 'BB' rating," S&P said.

"We could lower the rating by one notch to 'BB-' if we expect Match
to continue pursuing share repurchases or higher-than-expected
litigation costs and business investments such that leverage will
remain elevated for an extended period," the rating agency said.


MELINTA THERAPEUTICS: Case Summary & 30 Top Unsecured Creditors
---------------------------------------------------------------
Lead Debtor: Melinta Therapeutics, Inc.
             44 Whippany Road, Suite 280
             Morristown, NJ 07960

Business Description: Melinta -- https://melinta.com/ -- is a
                      biopharmaceutical company focused on
                      developing and commercializing
                      differentiated anti-infective medications.
                      The Company's mission is to stem the
                      public health threat posed by bacterial
                      antibiotic resistance through the research
                      and creation of antibiotics for serious
                      gram-positive and gram-negative types of
                      bacterial infections.  Melinta currently has
                      four medications in its antibiotic
                      portfolio, which are sold under the brand
                      names of Baxdela, Vabomere, Orbactiv, and
                      Minocin.

Chapter 11 Petition Date: December 27, 2019

Court: United States Bankruptcy Court
       District of Delaware

Six affiliates that concurrently filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code:

      Debtor                                  Case No.
      ------                                  --------
      Melinta Therapeutics,Inc. (Lead Case)   19-12748
      Cempra Pharmaceuticals,Inc.             19-12749
      CEM-102 Pharmaceuticals, Inc.           19-12750
      Melinta Subsidiary Corp.                19-12751
      Rempex Pharmaceuticals, Inc.            19-12752
      Targanta Therapeutics Corporation       19-12753

Judge: Hon. Laurie Selber Silverstein

Debtors' Counsel: David R. Hurst, Esq.
                  Kate J. Stickles, Esq.
                  COLE SCHOTZ P.C.
                  500 Delaware Avenue
                  Suite 1410
                  Wilmington, DE 19801
                  Tel: 302-652-3131
                  Email: dhurst@coleschotz.com
                         kstickles@coleschotz.com

                    - and -

                  Joseph O. Larkin, Esq.
                  SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
                  920 North King Street
                  Wilmington, Delaware 19801
                  Tel: (302) 651-3000
                  Fax: (302) 651-3001
                  Email: joseph.larkin@skadden.com

                    – and –

                  Ron E. Meisler, Esq.
                  Albert L. Hogan III, Esq.
                  Christopher M. Dressel, Esq.
                  SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
                  155 North Wacker Drive
                  Chicago, Illinois 60606-1720
                  Tel: (312) 407-0700
                  Fax: (312) 407-0411
                  E-mail: ron.meisler@skadden.com
                         al.hogan@skadden.com
                         christopher.dressel@skadden.com

Debtors'
Investment
Banker:          JEFFERIES LLC

Debtors'
Financial
Advisor:         PORTAGE POINT PARTNERS, LLC

Debtors'
Claims &
Noticing
Agent:           KURTZMAN CARSON CONSULTANTS, LLC
                 https://www.kccllc.net/melinta

Melinta Therapeutics'
Total Assets as of Sept. 30, 2019: $228,491,000

Melinta Therapeutics'
Total Debts as of Sept. 30, 2019: $289,022,000

The petitions were signed by Jennifer Sanfilippo, interim chief
executive officer.

Full-text copies of the petitions are available from PacerMonitor
for free at:

                     https://is.gd/dIV4GN
                     https://is.gd/Uv8y8c
                     https://is.gd/l579uN
                     https://is.gd/GBRx5U
                     https://is.gd/JvWT4M
                     https://is.gd/YbAq5S

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. World Gen LLC                     Trade Debt         $6,904,906
120 Route 17 North
Paramus,NJ 07652
Lee Armstrong
Tel: 312-322-1051
Email: Lee@interchem.com

2. Amplity, Inc.                     Trade Debt         $1,731,996
d/b/a Amplity Health
1000 Floral Vale Blvd.
Suite 400
Yardley, PA 19067
Karen Kelly
Tel: 201-566-8190
Email: karen.kelly@amplity.com

3. Trialcard Incorporated            Trade Debt         $1,331,025
2250 Perimeter Park Drive
Suite 300
Morrisville, NC 27560
Scott Foreman
Tel: 919-415-3237
Email: sforeman@trialcard.com

4. Lonza Ltd                         Trade Debt           $842,889
Muenchensteinerstrasse 38
CH-4002 Basel
Switzerland
Patricia Green
Tel: +41 61 316 81 11
Email: Patricia.Green@lonza.com

5. Jones Microbiology                Trade Debt           $655,931
Institute Inc.
345 Beaver Kreek Centre
Suite A
North Liberty, LA 52317
Andrew Fuhrmeister
Tel: 319-665-3370
Email: andrew-fuhrmeister@jmilabs.com

6. bioMerieux Inc.                   Trade Debt           $567,500
3 Route de Port Michaud
38390 LaBalme-les-Grottes
France
Geraldine Saint Andre
Tel: +33 04 78 87 75 95
Email: geraldine.saintandre@biomerieux.com

7. Cravath, Swaine & Moore LLP      Professional          $396,301
Worldwide Plaza                       Services
825 Eighth Avenue
New York, NY 10019
Kenneth Halcolm
Tel: 212-474-1000
Email: KHalcom@cravath.com

8. Automotive Rentals, Inc.          Trade Debt           $373,363
4001 Leadenhall Road
Mount Laurel, NJ 08054
Brian Creelman
Tel: 856-533-9820
Email: bcreelman@arifleet.com

9. Relay Health                      Trade Debt           $329,806
450 Lindbergh Drive
Moon Township, PA 15108
Marina Engler
Tel: 412-474-1110
Email: marina.cantoni@mckesson.com

10. IQVIA, Inc.                      Trade Debt           $295,292
100 IMS Dr.
Parsippany, NJ 07054
Susan Ross
Tel: 973-316-8047
Email: susan.ross1@iqvia.com

11. Willkie Farr &                  Professional          $293,149
Gallagher, LLP                        Services
787 Seventh Avenue
2nd Floor
New York, NY 10019-6099
Sean Ewen
Tel: 212-728-8867
Email: sewen@willkie.com

12. Veeva Systems, Inc.              Trade Debt           $250,883
4280 Hacienda Drive
Pleasanton, CA 94588
Seth Fox
Tel: 610-360-8487
Email: seth.fox@veeva.com

13. ZS Associates, Inc.              Trade Debt           $194,059
World Trade Center, Tower 3
Kharadi, Pune-411014
Maharashtra, India
Mahendra Hapse
Tel: +91 20 6739 9090
Email: mahendra.hapse@zs.com

14. Yale University, OCR             Trade Debt           $177,244
Yale Office of Cooperative
Research
433 Temple Street New
Haven, CT 06511-6803
Dawn Marie Portoff
Tel: 203-436-4670
Email: dawnmarie.portoff@yale.edu

15. Activate LLC                     Trade Debt           $155,500
1 Gatehall Drive, Suite 306
Parsippany, NJ 07054
Mike Fernandez
Tel: 201-341-0308
Email: mfemandez@letsactivate.com

16. J. Knipper and Company, Inc.     Trade Debt           $150,256
One Healthcare Way
Lakeway, NJ 08701
Holly Opdyke
Tel: 848-373-7036
Email: Holly.Opdyke@knipper.com

17. D2 Pharma Consulting LLC         Trade Debt           $128,967
400 Chesterfield Center
Suite 400
Chesterfield, MO 63017
Glenn Johnston
Tel: 314-308-2028
Email: glenn.johnston@d2rx.com

18. CoverMyMeds, LLC                 Trade Debt           $127,200
22901 Millcreek Blvd.
Suite 240
Highland Hills, OH 44122
Gavin Rodgers
Tel: 740-888-5043
Email: GRogers@covermymeds.com

19. Quantuvis LLC                    Trade Debt           $120,000
319 Clematis Street
Suite 600
West Palm Beach, FL 33401
Matthew Kalgren
Tel: 561-660-7052
Email: mkalgren@quantuvis.net

20. Xcenda LLC                       Trade Debt           $105,690
4114 Woodlands Parkway
Palm Harbor, FL 34685
Reetta Pitcher
Tel: 704-943-1847
Email: reetta.pitcher@xcenda.com

21. Razorfish Health                 Trade Debt           $101,461
100 Penn Square
East 4th Floor
South Philadelphia, PA 19107
Derek Bengston
Tel: 267-295-7100
Email: info@razorfishhealth.com

22. Mosaic Solutions Group LLC       Trade Debt            $99,756
625 Molly Lane
Suite 100
Woodstuck, GA 30189
Rob Kime
Tel: 678-809-4407
Email: rob.kime@mosaicsg.com

23. IDT Australia Limited            Trade Debt            $90,826
45 Wadhurst Drive
Boronia Victoria 3155
Australia
David Sparling
Tel: :+61 3 9801 8888
Email: dsparling@idtaus.com.au

24. Concur Technologies, Inc.        Trade Debt            $66,938
601 108th Ave. NE, Ste. 1000
Bellevue, WA 98004
Doug Vose
Tel: 507-380-1478
Email: doug.vose.jr@sap.com

25. Fish & Richardson, PC           Professional           $66,378
P.O. Box 3295                         Services
Boston, MA 02241-3295
Andrea Dorigo
Tel: 858-678-4794
Email: dorigo@fr.com

26. Crowe LLP                       Professional           $60,298
225 W. Wacker Dr.                     Services
Suite 2600 Chicago,IL 60606
Joo Hee Ohk
Tel: 630-575-4253
Email: joohee.ohk@crowe.com

27. MMIT                                Trade              $57,500
1040 Stony Hill Road
Suite 300
Yardley, PA 19067
Matthew Seltzer
Tel :267-751-308
Email: 5mseltzer@mmitnetwork.com

28. The Medicines Company            Litigation       Undetermined
8 Sylvan Way                           Claim
Parsippany, NJ 07054
Donald J. Wolfe, Jr., Esq.
Michael A. Pittenger, Esq.
Potter Anderson & Corroon LLP
Tel: 302-984-6000
Email: dwolfe@potteranderson.com
       mpittenger@potteranderson.com

29. Fortis Advisors LLC              Litigation       Undetermined
c/o Legal Department                   Claim
4225 Executive Square
Suite 1040
La Jolla, CA 92037
Ryan D. Stottmann, Esq.
Alexandra M. Cumings, Esq.
Morris Nichols Arsht & Tunnell LLP
Tel: 302-658-9200
Email: rstottmann@mnat.com
       acumings@mnat.com

30. The Scripps Research Institute   Trade Debt;      Undetermined
10550 N. Torrey Pines Rd.            Litigation  
TPC8                                   Claim
La Jolla, CA 92037
Karen B. King, Esq.
Parker & Zubkoff LLP
Tel: 619-233-8292
Email: kking@pzfirm.com


MELINTA THERAPEUTICS: Files for Chapter 11 with Deerfield Deal
--------------------------------------------------------------
Melinta Therapeutics, Inc. initiated voluntary proceedings under
Chapter 11 of the U.S. Bankruptcy Code after reaching a deal for
funds of owned by hedge fund Deerfield Management to acquire the
business in a debt-for-equity plan.

Melinta, a commercial-stage company focused on the development and
commercialization of novel antibiotics to treat serious bacterial
infections, today announced that it has entered into a
Restructuring Support Agreement with the lenders under its senior
credit facility, Deerfield Private Design Fund III, L.P. and
Deerfield Private Design Fund IV, L.P.

Under the Agreement, the Supporting Lenders would acquire the
Company as a going concern by exchanging $140 million of secured
claims arising under its senior credit facility for 100 percent of
the equity to be issued by the reorganized Company pursuant to a
pre-negotiated chapter 11 plan of reorganization.

The Company intends to operate its business in the normal course
while it works to complete the transaction through the Chapter 11
process.

In accordance with the Agreement, the Supporting Lenders will
consent to the Company's continued use of its existing cash and
cash equivalents, which will provide the Company the liquidity
necessary to operate its business in the normal course throughout
this process.  The Company also has filed customary motions with
the Court seeking authorization to continue operating without
interruption, including authorization to continue employee wages
and benefit programs and pay the prepetition claims of certain
critical vendors and honor customer programs in the normal course.

"While we have successfully conserved cash and enhanced revenue
over the past several quarters, we nevertheless anticipate
challenges in meeting the Company's obligations, including
near-term compliance with certain covenants," said Jennifer
Sanfilippo, interim chief executive officer.  "We are confident
that this process will secure new ownership of the business with
the financial resources to support the Company's antibiotics
portfolio and ensure these potentially life-saving products
continue to get to patients in need.  We sincerely thank our
employees and partners for their commitment to the antibiotics
space, our business, and the patients we serve."

The Company's Agreement with the Supporting Lenders positions the
Company to emerge from Chapter 11 on an expedited basis under new
ownership and continue operating as a going concern on sound
financial footing. At the same time, the Supporting Lenders'
proposal to acquire the Company remains subject to a
Court-supervised competitive process, which could result in higher
and better offers.  Melinta and its advisors will evaluate
competing bids that may be submitted in accordance with
court-approved procedures to ensure the Company receives the
highest and best offer for its business in connection with the
Chapter 11 process. The closing of any transaction will be subject
to Bankruptcy Court approval.  The Company aims to complete this
process by the end of the first quarter of 2020.

                 $140M of Claims to Be Converted

As of the Petition Date, the aggregate, outstanding principal
amount of the Debtors' long-term funded indebtedness was
approximately $213.3 million, consisting of: (a) $133.3 million in
outstanding principal amount of senior secured loans under the
Deerfield Facility Agreement; and (b) $80 million in outstanding
principal amount of subordinated convertible loans under the loan
agreement with Vatera Healthcare Partners LLC.

Pursuant to the Restructuring Support Agreement, the Debtors intend
to file in the coming days a chapter 11 plan of reorganization and
accompanying disclosure statement. The Plan will reflect the terms
of the Restructuring Support Agreement and will provide for the
consummation of the transactions set forth therein, including the
exchange of $140 million of claims under the Deerfield Facility for
100% of the equity in the reorganized debtors.

                   Alternative Proposals Welcome

While the Restructuring Support Agreement provides an actionable
path to reorganization, the Debtors’ goal from the outset of
these Chapter 11 Cases is to maximize the value of their assets for
the benefit of all stakeholders. To this end, and as contemplated
by the RSA, the Debtors are seeking entry of an order approving the
bidding and sale procedures related to the sale of the Debtors'
assets. This process represents a continuation of the Debtors'
prepetition marketing process, with the Supporting Lenders
effectively serving as a stalking-horse bidder.  The Debtors will
consider alternative proposals structured as either a plan of
reorganization or a sale pursuant to section 363 of the Bankruptcy
Code.  Upon receipt of the bids, the Debtors will review all
transaction proposals and determine whether to proceed with the
Supporting Lender Transaction, or to pursue a third-party bid.

A copy of the Restructuring Support Agreement is available at:
https://tinyurl.com/ukvnhyk

Supporting Lenders:

        Bryan Sendrowski
        Elliot Press
        Deerfield Management Company, L.P.
        780 Third Avenue, 38th Floor
        New York, NY 10017
        E-mail: bsendrowski@deerfield.com
                epress@deerfield.com

Supporting Lenders' counsel:

         Brian E. Hamilton, Esq.
         Ari B. Blaut, Esq.
         James L. Bromley, Esq.
         Sullivan & Cromwell LLP
         125 Broad Street
         New York, NY 10004
         E-mail: hamiltonb@sullcrom.com
                 blauta@sullcrom.com
                 bromleyj@sullcrom.com

                About Melinta Therapeutics

Melinta Therapeutics, Inc. (NASDAQ: MLNT) --
http://www.melinta.com/-- is the largest pure-play antibiotics
company, dedicated to saving lives threatened by the global public
health crisis of bacterial infections through the development and
commercialization of novel antibiotics that provide new therapeutic
solutions.  Its four marketed products include Baxdela
(delafloxacin), Vabomere (meropenem and vaborbactam), Orbactiv
(oritavancin), and Minocin (minocycline) for Injection.  This
portfolio provides Melinta with the unique ability to provide
providers and patients with a range of solutions that can meet the
tremendous need for novel antibiotics treating serious infections.

Melinta Therapeutics, Inc., and its subsidiaries sought Chapter 11
protection (D. Del. Lead Case No. 19-12748) on Dec. 27, 2019, after
reaching a deal with lenders on a Chapter 11 plan that would
convert debt to equity.

Melinta Therapeutics disclosed $228,491,000 in assets and
$289,022,000 in liabilities as of Sept. 30, 2019.

The Hon. Laurie Selber Silverstein is the presiding judge.

Melinta tapped Skadden, Arps, Slate, Meagher & Flom LLP as
bankruptcy counsel.  Cole Scholtz LLP is co-counsel.  Jefferies,
LLC, is the investment banker; and Portage Point Partners, LLC, is
the financial advisor.  

Kurtzman Carson Consultants LLC is the claims agent, maintaining
the page http://www.kccllc.net/melinta

The Supporting Lenders are advised by Sullivan & Cromwell LLP,
Houlihan Lokey and Landis Rath & Cobb LLP.


MELINTA THERAPEUTICS: Readies Key Employee Incentive Plan
---------------------------------------------------------
In connection with the commencement of the Chapter 11 cases,
Melinta Therapeutics Inc. has proposed a key employee incentive
plan (the "KEIP"), which is designed to maximize the value of the
Debtors' estates.  The KEIP is subject to approval by the
Bankruptcy Court.

According to the Company's regulatory filing with the Securities
and Exchange Commission, the KEIP provides incentive payments to
seven key employees based on the value realized by the Company in
connection with the transaction contemplated by the Restructuring
Support Agreement or a higher or otherwise better transaction offer
obtained in accordance with the Bidding Procedures.  The KEIP
Participants include, among others, Jennifer Sanfilippo, interim
Chief Executive Officer; Peter Milligan, Chief Financial Officer;
and Dr. Sue Cammarata, Chief Medical Officer.

The KEIP is tailored to facilitate a competitive Transaction
process by aligning payments to KEIP Participants with the value
ultimately achieved in a Transaction. Payments under the KEIP are
based on a Transaction's total value and are calculated based on
milestones achieved by completing the Transaction at a range of
increasing values.  In particular, the KEIP includes reward
milestones for closing a Transaction at the following values: (a) a
"Threshold Value" equal to the value of the Transaction
contemplated by the Restructuring Support Agreement; (b) a "Turning
Point Value" equal to the Threshold Value plus $3 million; (c) a
specified "Target Value"; and (d) a specified "Maximum Total
Value."

The aggregate potential award opportunity for a Transaction at the
Threshold Value is $200,000.  Only the Company's interim Chief
Executive Officer and Chief Financial Officer are eligible for an
award for a Transaction at the Threshold Value. At the Turning
Point Value, the aggregate potential award opportunity for all KEIP
Participants is $388,000; at the Target Value, the aggregate
potential award opportunity for all KEIP Participants is
$1,477,000; and at the Maximum Total Value, the aggregate potential
award opportunity for all KEIP Participants is $3,316,000.  If the
Company does not consummate a Transaction equal to or greater than
the Threshold Value, the KEIP Participants will not receive an
award.

The potential payouts under the KEIP to each of the Company's
interim Chief Executive Officer and Chief Financial Officer range
from $100,000 for a Transaction at the Threshold Value to
$1,191,000 for a Transaction at the Maximum Total Value. The
potential payout under the KEIP to the Company's Chief Medical
Officer range from $2,000 for a Transaction at the Turning Point
Value to $124,000 for a Transaction at the Maximum Total Value.

In the event a KEIP Participant is terminated involuntarily due to
job elimination, death, or permanent and total disability after the
applicable Transaction agreement is signed, but before the
Transaction proceeds are received, or in the event that a KEIP
Participant is transferred to a buyer, the KEIP payment would be
made at the same time as payment to the other KEIP Participants. If
a KEIP Participant is terminated involuntarily due to job
elimination, death, or permanent and total disability before the
applicable Transaction agreement is signed, that KEIP Participant
will receive a pro rata portion of the KEIP, consistent with the
proportion of time worked relative to the total time of the
Debtors' Chapter 11 Cases and based on the actual total value of
the Transaction. If a KEIP Participant decides to depart prior to
the closing of a Section 363 Asset Sale or confirmation of a plan
of reorganization that provides for a Plan Sale, a replacement
participant may be added to the KEIP, subject to the Court-approved
maximum KEIP cost. Termination for cause or voluntary termination
would result in forfeiture of KEIP payments.

The Debtors will file a motion with the Bankruptcy Court in the
Chapter 11 Cases seeking approval of the KEIP.  The Debtors will
not make payments to KEIP Participants unless and until the Court
has entered an order authorizing the KEIP.

                About Melinta Therapeutics

Melinta Therapeutics, Inc. (NASDAQ: MLNT) --
http://www.melinta.com/-- is the largest pure-play antibiotics
company, dedicated to saving lives threatened by the global public
health crisis of bacterial infections through the development and
commercialization of novel antibiotics that provide new therapeutic
solutions.  Its four marketed products include Baxdela
(delafloxacin), Vabomere (meropenem and vaborbactam), Orbactiv
(oritavancin), and Minocin (minocycline) for Injection.  This
portfolio provides Melinta with the unique ability to provide
providers and patients with a range of solutions that can meet the
tremendous need for novel antibiotics treating serious infections.

Melinta Therapeutics, Inc., and its subsidiaries sought Chapter 11
protection (D. Del. Lead Case No. 19-12748) on Dec. 27, 2019, after
reaching a deal with lenders on a Chapter 11 plan that would
convert debt to equity.

Melinta Therapeutics disclosed $228,491,000 in assets and
$289,022,000 in liabilities as of Sept. 30, 2019.

The Hon. Laurie Selber Silverstein is the presiding judge.

Melinta tapped Skadden, Arps, Slate, Meagher & Flom LLP as
bankruptcy counsel.  Cole Scholtz LLP is co-counsel.  Jefferies,
LLC, is the investment banker; and Portage Point Partners, LLC, is
the financial advisor.  

Kurtzman Carson Consultants LLC is the claims agent, maintaining
the page http://www.kccllc.net/melinta

The Supporting Lenders are advised by Sullivan & Cromwell LLP,
Houlihan Lokey and Landis Rath & Cobb LLP.


MELINTA THERAPEUTICS: To End Baxdela Marketing & Sales in U.S.
--------------------------------------------------------------
Melinta Therapeutics Inc. currently has four medications in its
antibiotic portfolio, which are sold under the brand names Baxdela,
Vabomere, Orbactiv, and Minocin for injection.

Peter Milligan, the CFO, said in a bankruptcy court filing that in
the months leading up to the bankruptcy filing date, the Company
undertook a review of its operational footprint, with the
simultaneous goals of preserving liquidity and maximizing the value
of the Debtors' assets for the benefit of stakeholders, and
maintaining sufficient liquidity to continue their operations and
fund their reorganization efforts.  This review focused on
streamlining the business and carefully managing liquidity.

While increased sales of Baxdela and Vabomere have driven growth in
the Company's top-line revenue, the ongoing sale and promotion of
the Medications has been costly in part because the Company has
historically promoted its Medications in both hospital and retail
settings, with distinct sales teams and support infrastructure for
each. Through the process of marketing its assets, the Company
received substantial third-party interest in Vabomere, Orbactiv,
and Minocin. While the Company received interest in the Baxdela
medication itself, no parties expressed an actionable interest in
the Company's sales and marketing infrastructure supporting
Baxdela.   

For this reason, the Company decided to suspend the United States
sales and marketing operations with respect to Baxdela.  This
wind-down process involved the elimination of approximately 35
positions in the Debtors' Baxdela sales force, as well as
approximately 26 other positions throughout the organization.  The
Debtors announced this reduction-in-force on Dec. 12, 2019, and
provided the effected employees 60 days' notice of termination in
compliance with the Company's obligations under applicable WARN
statutes.

Baxdela was approved by the FDA in June 2017, and is a novel
fluoroquinolone monotherapy that exhibits activity against both
gram-positive and gram-negative pathogens.  Baxdela was initially
approved for the treatment of adult patients with acute bacterial
skin or skin structure infections ("ABSSSI").  In 2019, the company
received approval of its new drug application for Baxdela for the
treatment of adult patients with community-acquired bacterial
pneumonia caused by designated pathogens.

The Company has partnered with leading multinational pharmaceutical
firms for the marketing and distribution of Baxdela in territories
outside of the United States, including Menarini IFR SrL for Europe
and Asia-Pacific (excluding Japan), Eurofarma Laboratorios S.A. for
Central and South America, and with Hikma Pharmaceuticals for
certain territories in the Middle East and North Africa

                About Melinta Therapeutics

Melinta Therapeutics, Inc. (NASDAQ: MLNT) --
http://www.melinta.com/-- is the largest pure-play antibiotics
company, dedicated to saving lives threatened by the global public
health crisis of bacterial infections through the development and
commercialization of novel antibiotics that provide new therapeutic
solutions.  Its four marketed products include Baxdela
(delafloxacin), Vabomere (meropenem and vaborbactam), Orbactiv
(oritavancin), and Minocin (minocycline) for Injection.  This
portfolio provides Melinta with the unique ability to provide
providers and patients with a range of solutions that can meet the
tremendous need for novel antibiotics treating serious infections.

Melinta Therapeutics, Inc., and its subsidiaries sought Chapter 11
protection (D. Del. Lead Case No. 19-12748) on Dec. 27, 2019, after
reaching a deal with lenders on a Chapter 11 plan that would
convert debt to equity.

Melinta Therapeutics disclosed $228,491,000 in assets and
$289,022,000 in liabilities as of Sept. 30, 2019.

The Hon. Laurie Selber Silverstein is the presiding judge.

Melinta tapped Skadden, Arps, Slate, Meagher & Flom LLP as
bankruptcy counsel.  Cole Scholtz LLP is co-counsel.  Jefferies,
LLC, is the investment banker; and Portage Point Partners, LLC, is
the financial advisor.  

Kurtzman Carson Consultants LLC is the claims agent, maintaining
the page http://www.kccllc.net/melinta

The Supporting Lenders are advised by Sullivan & Cromwell LLP,
Houlihan Lokey and Landis Rath & Cobb LLP.


MICRO HOLDING: S&P Affirms 'B' ICR on Revised EBITDA Calculation
----------------------------------------------------------------
S&P Global Ratings affirmed the 'B' issuer credit rating on El
Segundo, Calif.-based Micro Holding Corp. (dba Internet Brands)
after revising its adjusted EBITDA computation for the company to
include capitalized software development costs that the rating
agency had previously excluded, which amounts to about $50 million
for the 12 months ended Sept. 30, 2019.

The 'B' issuer credit rating continues to reflect Internet Brands'
exposure to cyclical advertising revenue, high leverage, history of
debt funded acquisitions and shareholder returns, and its leading
position in digital health care advertising and growth prospects of
its software as a service (SaaS) offerings.

The stable outlook reflects S&P's expectation that Internet Brands'
leverage will improve to the high-6x area in 2020 and FCF to debt
will remain above 5% as the company continues to successfully
integrate acquisitions while generating strong, mid- single-digit
percentage organic growth in its health and legal businesses.

S&P could lower the issuer credit rating if leverage increases and
remains above 7.5x and free operating cash flow to debt falls below
5% on a sustained basis. S&P believes this could occur if
competitive pressures in the legacy Internet Brands segments cause
organic growth in its legal and health segments (excluding WebMD)
to slow to the low-single-digit percentage area or if WebMD's
advertising revenue growth slows considerably due to an economic
slowdown. This could also occur if the company makes significant
leveraging acquisitions.

"Although unlikely, we could raise the rating if we expect the
company will pursue a less aggressive financial policy such that it
reduces and maintains leverage below 5.5x, with a commitment to a
less aggressive financial policy, or if it successfully increases
diversification and subscription-based services through an
acquisition while maintaining healthy cash flow generation at about
10% of debt," S&P said.


MISHTI HOLDINGS: Sets Bid Procedures for Substantially All Assets
-----------------------------------------------------------------
Mishti Holdings, LLC, and its affiliates ask the U.S. Bankruptcy
Court for the District of Delaware to authorize their bidding
procedures in connection with the auction sale of substantially all
assets.

Since the Petition Date, the Debtors' in-store inventory has been
significantly lower than anticipated.  They've used available cash
on hand and funding under the DIP Facility from Paxion Capital LP
to restock their stores.  Due to a number of factors, however,
these resources have proven insufficient to replenish their
inventory to historical levels.  

Faced with dwindling cash, and with no further funding available
under the DIP Facility, the Debtors have determined that a
competitive, market-based sale process will provide the best means
for the Debtors to preserve their business as a going concern and
maximize the value of their assets for the benefit of their
stakeholders.  Therefore, they are commencing a sale process that
will allow them to close a sale before their cash is fully utilized
and the DIP Facility expires.   

The Debtors selected Cowen and Co., LLC to assist them with the
sale process.  Cowen began work immediately on Nov. 6, 2019 to
assure a robust sale process, and, to date, has contacted 34
strategic and 124 financial buyers.

To maximize the value of the Purchased Assets for the benefit of
their estates and stakeholders, the Debtors ask to implement a
competitive bidding process.  They ask approval, subject to the
prior written consent of the DIP Lender and in consultation with
the Committee, to sell the Purchased Assets to a Qualified Bidder
that makes the highest or otherwise best offer for the Purchased
Assets.  The Debtors ask that competing bids for the Purchased
Assets be governed by the Bidding Procedures and Bidding Procedures
Order,
including the submission of any Stalking Horse Bids.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: Jan. 6, 2020, at 5:00 p.m. (ET)

     b. Initial Bid: To the extent a bid is for assets that are
subject to a Stalking Horse Bid, the value of the purchase price
included in such bid must equal at least the value of the purchase
price set forth in such Stalking Horse Bid plus the amount of the
Bid Protections, if any,  provided to such Stalking Horse Bidder,
as set forth in the Stalking Horse Bidder Notice describing such
Stalking Horse Bid, plus the Overbid Amount.  To the extent a
prospective bidder holds a perfected security interest in any of
the Debtors' assets, such prospective bidder may ask to credit bid
all or a portion of its claims for its collateral.

     c. Deposit: 10% of the value of the Qualified Bidder's total
proposed purchase price

     d. Auction: Jan. 9, 2020 at 10:00 a.m. (ET)

     e. Bid Increments: TBD

     f. Sale Hearing: No later than Jan. 14, 2020

     g. Sale Objection Deadline: Jan. 10, 2020, at 5:00 p.m. (ET)

     h. Closing: Jan. 24, 2020

Additionally, the Debtors ask the authority, subject to the terms
of the Bidding Procedures Order, to accept a stalking horse bid
from a Potential Bidder and enter into a purchase agreement with
such Potential Bidder in the Debtors' business judgment, subject to
the prior written consent of the DIP Lender and in consultation
with the Committee.  As is customary, to enable the Debtors to
enter into a Stalking Horse Purchase Agreement, the Debtors foresee
that it may be necessary to afford a Stalking Horse Bidder certain
bid protections such as a break-up fee and expense reimbursement.
To the extent the Debtors designate a Stalking Horse Bidder, the
Debtors shall, within two business days thereof, file the Stalking
Horse Bidder Notice, and ask Court approval of any Bid Protections
on an expedited basis.   

To enhance the value of their estates, including by reducing
further administrative liability and eliminating substantial
rejection claims, the Debtors ask authority to assume and assign,
or transfer, contracts and leases associated with the Purchased
Assets to the Successful Bidder as designated by the Successful
Bidder.  They're asking approval of the contract assumption and
assignment or transfer procedures for notifying counterparties to
contracts and leases of proposed Cure Amounts with respect to those
contracts and leases that the Debtors propose to assume and assign
or transfer to the Successful Bidder.  As soon as reasonably
practicable after entry of the Bidding Procedures Order, the
Debtors will file the Contracts Notice.  The Contract Objection
Deadline is Jan. 10, 2020, at 5:00 p.m. (ET).

The Debtors ask entry of the Bidding Procedures Order by Dec. 17,
2019, or such later date as may be consented to by the DIP Lender,
which order will (i) establish the deadline for submission of bids
as Jan. 6, 2020, at 5:00 p.m. (ET), (ii) fix the date of the
Auction, if necessary, to be no later than Jan. 9, 2020, (iii) fix
the date of the Sale Hearing to be no later than Jan. 14, 2020,
and (iv) fix the date to obtain entry of the Sale Order to be no
later than Jan. 16, 2020, or such later date as may be consented to
by the DIP Lender.  In addition, the Debtors require that the
closing on the Sale must occur no later than the Outside Closing
Date of Janu. 24, 2020 (unless extended with prior written consent
of the DIP Lender and in consultation with the Committee).

The Court should allow the Bidding Procedures Motion to be heard on
shortened notice because allowing Bidding Procedures to be
established as soon as possible will aid the Debtors in preserving
and maximizing the value of their estates for the benefit of
creditors before their cash is fully utilized and their DIP
Facility expires.

Within three days of the entry of the Bidding Procedures Order, or
as soon thereafter as practicable, the Debtors will file and serve
the Sale Notice.  To ensure the Debtors are in compliance with the
DIP Loan Agreement, the Debtors ask that the Court sets the Sale
Hearing for a date that is not later than Jan. 14, 2020.

To attract the highest and otherwise best offers for their assets,
the Debtors ask authority to sell the Purchased Assets free and
clear of any and all liens, claims, encumbrances, and other
interests, with any such liens, claims, encumbrances, and other
interests attaching to the proceeds of the sale of the Purchased
Assets and distributed as provided for in a further order of the
Court.

Finally, to preserve the value of the Debtors' estates and limit
the costs of administering and preserving the Purchased Assets, it
is critical that they close the Sale of the Purchased Assets as
soon as possible after all closing conditions have been met or
waived.  Accordingly, they ask that the Court waives the 14-day
stay periods under Bankruptcy Rules 6004(h) and 6006(d).

A copy of the Bidding Procedures is available at
https://tinyurl.com/u9sucsd from PacerMonitor.com free of charge.

                       About Mishti Holdings

Founded in 2011, Mishti Holdings LLC --
https://www.lolliandpops.com -- and its affiliates are
owner-operators of upscale retail candy stores primarily located in
shopping malls around the country.  They also operate two
standalone stores outside of a mall setting: one in Los Gatos,
Calif., and the other in Palm Springs, Calif.  As of the petition
date, the companies own and operate 69 stores under the Lolli &
Pops brand throughout the United States.  The companies' collective
workforce is comprised of 789 employees.

Mishti Holdings and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-11813)
on Aug. 12, 2019.  At the time of the filing, the Debtors had
estimated assets of less than $50,000 and liabilities of less than
$50,000.  

The Debtors tapped Morris, Nichols, Arsht & Tunnell LLP and
Theodora Oringher PC as legal counsel; Glassratner as financial
advisor; and Donlin Recano as claims, noticing and balloting agent.


MLAC CASTLE ATLANTA: Seeks to Hire Scott B. Riddle as Legal Counsel
-------------------------------------------------------------------
The MLAC Atlanta Castle, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ the
Law Office of Scott B. Riddle, LLC as its legal counsel.

The firm will provide these services in connection with the
Debtor's Chapter 11 case:

   (a) advise the Debtor of its rights, powers, duties and
obligations in the administration of its bankruptcy case, the
operation of its business and the management of its property;

   (b) prepare pleadings and other legal papers, and conduct
examinations incidental to the administration of its bankruptcy
estate;

   (c) advise the Debtor in connection with all applications,
motions or complaints for reclamation, adequate protection,
sequestration, relief from stays, appointment of a trustee or
examiner, and all other similar matters;

   (d) assist the Debtor in the formulation and presentation of a
plan of reorganization; and

   (f) provide all other legal services.

The firm will be paid at the hourly rate of $350 and will receive a
retainer in the amount of $15,000. It will also be reimbursed for
work-related expenses incurred.

Scott Riddle, Esq., managing partner, assured the court that his
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code.

Scott B. Riddle can be reached at:

     Scott B. Riddle, Esq.
     Law Office of Scott B. Riddle, LLC
     3340 Peachtree Road, NE
     Suite 1800 Tower Place
     Atlanta, GA 30326
     Tel: (404) 815-0164
     Fax: (404) 815-0165
     E-mail: scott@scottriddlelaw.com

                  About The MLAC Castle Atlanta

The MLAC Castle Atlanta, LLC filed a Chapter 11 petition (Bankr.
N.D. Ga. Case No. 19-68220) on November 12, 2019 in Atlanta.  It is
a single asset real estate debtor as defined in 11 U.S.C. Section
101(51B).

At the time of the filing, the Debtor disclosed assets of between
$1 million and $10 million and liabilities of the same range.  The
petition was signed by Bryan Latham, manager.

The Law Office of Scott B. Riddle, LLC represents the Debtor as
legal counsel.


MR. CAMPER: May Continue Using Apex Bank Cash Collateral
--------------------------------------------------------
Judge Meredith S. Grabill of the U.S. Bankruptcy Court for the
Eastern District of Louisiana authorized Mr. Camper, LLC d/b/a Yogi
Bear's Jellystone Park Camp Resort, to use cash in its bank
accounts and cash generated by its operations, in which Apex Bank
and the U.S. Small Business Administration assert a lien, for the
disbursements set forth in the budget.

The approved budget shows total cash disbursements of approximately
$194,863 during the period of Nov. 18, 2019 through Feb. 10, 2020.

Mr. Camper may use cash collateral in an amount equal to up to 10%
more than a particular corresponding category in the Budgets,
measured on a cumulative, monthly basis, provided that (a) cash
collateral is available, and (b) the aggregate amount of the
Budgets is not exceeded by 10%. However, the fees due to the Office
of the U.S. Trustee will not be subject to any limitation.

Apex Bank is granted, adequate valid, enforceable and fully
perfected, replacement liens and security interest in all of the
property, assets or interest in property or assets of Mr. Camper
and all property of the estate of any kind or nature whatsoever,
real or personal, tangible or intangible or missed, now existing or
hereafter acquired or created, including without limitation all of
Mr. Camper's now owned or hereafter acquired or post-petition
right, title and interest in and to all cash accounts, accounts
receivable, inventory, furniture, fixtures, general intangibles,
and equipment subject only to any existing valid and enforceable
liens under state or federal law.

Apex Bank is also granted a super-priority administrative claim
pursuant to 11 U.S.C. Section 507(b) to the extent that adequate
protection payments would be insufficient to protect against any
diminution in the value of its collateral, subject to a carve-out
for allowed fees and expenses of counsel for Mr. Camper, which
carve-out shall be limited to the amounts set forth on the Budgets
and the fees of the U.S. Trustee, as provided by law.

                       About Mr. Camper LLC

Mr. Camper, LLC -- https://www.jellystonela.com/ -- owns and
operates the Yogi Bear's Jellystone Camp Resort.  The facility
features more than 450 wooded campsites, 75 cabins, swimming pools,
fishing ponds, game room, mini golf, canoe, kayak and paddle boat
rentals, RV storage, playground, wet "spray" ground, basketball
court, baseball field, laundry facilities, store, and propane
filling station.

Mr. Camper sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. La. Case No. 19-11775) on July 1, 2019.  At the
time of the filing, the Debtor was estimated to have assets of
between $1 million and $10 million and liabilities of the same
range.  The case is assigned to Judge Elizabeth W. Magner.
Richmond Law Firm, LLC, is the Debtor's counsel.



NAJEEB KHAN: Sets Sale/Abandonment Procedures for Misc. Assets
--------------------------------------------------------------
Mark T. Iammartino, as the Chapter 11 Trustee for the estate of
Najeeb Ahmed Khan, asks the U.S. Bankruptcy Court for the Western
District of Michigan to authorize the procedures for the sale or
abandonment of miscellaneous assets.

The estate owns the Miscellaneous Assets that have significantly
less value to the estate after taking into account the costs of
liquidation and legal costs to process individual sale motions.
The Chapter 11 Trustee is in the process of monetizing the Debtor's
estate.  The Miscellaneous Assets are unnecessary for the
administration of the Debtor's estate.   

Given the Miscellaneous Assets' relatively reduced value, the
Chapter 11 Trustee submits that selling the Miscellaneous Assets
through efficient procedures will reduce costs and other
administrative expenses that otherwise would be incurred seeking
authority to sell such assets through separate motions.  Therefore,
he proposes the procedures set forth to streamline the sale,
transfer and disposition process and ensure that parties in
interest receive adequate notice of such sales.  The proposed
procedures described will allow the Chapter 11 Trustee to sell or
dispose of the Miscellaneous Assets in an efficient and
cost-effective manner and are consistent with the customary
procedures approved by the Court and the other courts.  

The Trustee proposes that each Miscellaneous Asset sale be for the
highest and best offer received, taking into consideration the
exigencies and circumstances in each such sale, under the following
procedures:

     a. For any asset sale(s) to a single buyer or group of related
buyers with an aggregate selling price less than $10,000, the
Chapter 11 Trustee is authorized to sell the Miscellaneous Assets
without notice or further court order.

     b. For any asset sale with a purchase price greater than
$10,000 but less than $75,000:

          i. The Chapter 11 Trustee will file on the docket a
Miscellaneous Sale Notice which will be served on (i) any known
affected creditor asserting a Lien on any assets subject to such
sale; (ii) the U.S. Trustee; (iii) counsel to the Committee; (iv)
counsel to KeyBank, National Association; and (v) the general
service list established in the chapter 11 case pursuant to
Bankruptcy Rule 2002.

          ii. If none of the Notice Parties file or serve upon
counsel to the Chapter 11 Trustee a written objection (including by
email) within five days of receipt of such Miscellaneous Sale
Notice, then the Chapter 11 Trustee may immediately consummate the
transaction, including making any disclosed payments to third-party
brokers or auctioneers.  If an objection is filed or served within
such period that cannot be resolved, such assets will not be sold
except upon further order of the Court after notice and a hearing.


     c. For any asset sale(s) to a single buyer or group of related
buyers with an aggregate selling price greater than $75,000, the
Chapter 11 Trustee will file a separate motion seeking approval
from the Court with respect to such sale(s).

     d. Nothing in the foregoing procedures will prevent the
Chapter 11 Trustee, in his sole discretion, from asking the Court's
approval at any time of any proposed transaction (regardless of
value) upon notice and a hearing.

To the extent any Miscellaneous Assets cannot be sold at a price
greater than the cost of liquidating such assets, the Chapter 11
Trustee seeks authority to abandon such Miscellaneous Assets in
accordance with the following Miscellaneous Asset Abandonment
Procedures:

     a. For any Miscellaneous Assets, regardless of value, that the
Chapter 11 Trustee seeks to abandon pursuant to these procedures:


          i. The Chapter 11 Trustee will file on the docket an
Abandonment Notice which will be served on (a) the Notice Parties
and (b) the party owning or operating the location where the
property is to be abandoned.

          ii. If none of the Notice Parties file or serve upon the
counsel to the Chapter 11 Trustee a written objection (including by
email) within five days of receipt of such Abandonment Notice, then
the Chapter 11 Trustee may immediately abandon the assets.  If an
objection is filed or served within such period that cannot be
resolved, such assets will not be abandoned except upon further
order of the Court after notice and a hearing.

The Chapter 11 Trustee asks authority to sell the Miscellaneous
Assets in accordance with the Miscellaneous Asset Sale Procedures
in his sound business judgment, in an expeditious manner to
minimize depreciation of these assets.  If the relief requested
herein is granted, the Chapter 11 Trustee will be able to avoid
many of the unnecessary costs associated with maintaining,
retaining, storing and liquidating Miscellaneous Assets that have
limited value relative to the totality of the Debtor's estate.
Moreover, the Miscellaneous Asset Sale Procedures will also reduce
the burden on the Court's docket while protecting the interests of
all creditors with an interest in the assets through the
opportunity to object and obtain a hearing if necessary.

In order to facilitate the proposed sale transaction, the Chapter
11 Trustee asks that the Court authorizes the sales of
Miscellaneous Assets pursuant to the Motion be made free and clear
of any and all Liens, with any such Liens to be transferred and
attached to the net sale proceeds.

                   About Najeeb Ahmed Khan                  

Najeeb Ahmed Khan sought Chapter 11 protection (Bankr. W.D. Mich.
Case No. 19-04258) on Oct. 8, 2019.  The Debtor tapped Denise D.
Twinney, Esq., and Robert F. Wardrop, II, Esq., at Wardrop &
Wardrop. P.C., as counsel.

On Oct. 29, 2019, the Court appointed Mark. T. Iammartino, as the
Chapter 11 Trustee.

On Nov. 1, 2019, the U.S. Trustee appointed an official committee
of unsecured creditors.


NATGASOLINE LLC: S&P Affirms 'BB-' Senior Secured Debt Rating
-------------------------------------------------------------
S&P Global Ratings affirmed Natgasoline LLC's 'BB-' on the series
2018 tax-exempt bonds, term loan B, and revolving credit facility.
The recovery rating remains '1', indicating substantial recovery in
a hypothetical default scenario.

The methanol plant experienced some early teething issues on the
auxiliary boiler in the first quarter of 2019 and the waste heat
boiler in the third quarter; however, S&P understands these issues,
which have been resolved, were one-off events that should not
recur. Early teething issues are not unusual for a methanol
production facility of this size and scale that is transitioning
from construction to operations. Several U.S.-based natural
gas-fired power generation, nitrogen fertilizer production,
polyethylene facilities (all of which are financed under the
project finance structure) have experienced early hiccups during
their first year of commercial operations, and they returned to
stable operations the following year. Equipment is subject to
normal wear and tear, so S&P expects repairs or replacements over
the course of the asset's useful life. S&P usually does not assume
100% utilization in its base case but rather 90%-95% utilization.
In S&P's view from a credit perspective, it is about whether the
repairs could be completed in a timely fashion to avoid material
disruption to cash flow generation and subsequently, debt service
coverage from longer-than-expected downtime. However, if
Natgasoline experiences persistent operational challenges, S&P may
view the company's credit quality negatively.

The stable outlook on Natgasoline reflects S&P's expectation that
the production rate will be steady as the methanol plant in its
second year of commercial operations. The rating agency forecasts
debt service coverage ratio in 2020 to be about 3x. S&P's minimum
DSCR of 1.94x occurs in 2026, a period that includes the scheduled
principal amortization of the tax-exempt bonds and the rating
agency's projected amortization for the term loan.

"We could lower the debt rating or revise the outlook to negative
if Natgasoline's cash flow deteriorates materially such that DSCRs
fall below 1.7x on a consistent basis. This could stem from
depressed commodity prices or operational challenges that lead to a
significant increase in operating costs or require a plant shutdown
for an extensive period, thus affecting production volume," S&P
said.

"We could consider an upgrade if we believed that, given volatile
nature of commodity chemicals, Natgasoline could consistently
achieve debt service coverage exceeding 2.75x in all years of our
base case projection, including the refinancing period. This could
stem from substantial improvements of methanol prices in the market
or the acquisition of long-term off-take contracts that provide
certainty on price and volume, but absent any material increase in
natural gas feedstock prices," S&P said.


NATIONAL JEWISH HEALTH: S&P Affirms 'BB+' Rating on 2012 Bonds
--------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' long-term rating on the
Colorado Health Facilities Authority's $26.0 million series 2012
bonds, and its 'BB+' underlying rating (SPUR) on the authority's
$13.5 million series 2005 bonds, issued for National Jewish Health
(NJH). At the same time, the ratings were removed from CreditWatch
where they were placed with negative implications Sept. 25, 2019.
The outlook is stable.

At the same time, S&P affirmed its 'A/A-1' dual rating on the
authority's series 2005 variable-rate revenue bonds issued for NJH.
S&P bases the rating jointly on the low correlation of its SPUR on
NJH and the long-term rating on the letter of credit (LOC)
provider, UMB Bank N.A. S&P bases the short-term rating solely on
the bank's credit quality. The LOC expires in 2021.

The removal of the CreditWatch with negative implications reflects
further review of NJH's credit profile and the impact of the $81
million series 2019 bonds issued for NJH-SJH Center for Outpatient
Health LLC, guaranteed by Sisters of Charity of Leavenworth Health
System. Upon further discussions with NJH management and review of
recent financial performance, S&P views the overall financial
profile as stable with the inclusion of the additional debt, due to
NJH's recent improved financial performance and the guarantee from
SCL Health, which mitigates NJH's significantly increased debt
portfolio.

The rating reflects S&P's view of NJH's:

-- Solid business position with a national reputation as the
country's top respiratory hospital and research center;

-- Strategic affiliations and partnerships, which continue to
expand clinical and geographic breadth and are increasingly
financially accretive;

-- Strong demand, both from patients and other health care
companies; and

-- Large donor base, with a history of successful capital
campaigns.

Partially offsetting the above strengths, in S&P's view, are the
hospital's:

-- Dependence on grant funding, which is historically uncertain
year over year;

-- Modest-but-improving liquidity, highlighted by low days' cash
on hand; and

-- High pro forma leverage and low unrestricted
reserves-to-long-term debt due to the series 2019 bonds.

"The stable outlook reflects our view of NJH's strong business
position and strategic partnerships, which have contributed to
greater balance sheet flexibility and are accretive to financial
performance," said S&P credit analyst Chloe Pickett.

The outlook also reflects the hospital's improved financial
performance in fiscal 2019, which has generated healthy maximum
annual debt service (MADS) coverage and cash flow. S&P expects
financial performance to continue improving over the outlook
period.

S&P could revise the outlook to positive over the one-year outlook
period if NJH's financial performance shows continued improvement,
contributing to a change in its assessment of the system's overall
financial profile. In S&P's view, improvement would include
sustained positive operating margins and solid MADS coverage,
coupled with steady or improving unrestricted reserves.

S&P could revise the outlook to negative or lower the rating if NJH
experiences sustained negative operations resulting in MADS
coverage below 1x. In addition, while S&P views the series 2019
issuance as sustainable at the current rating level, further
deterioration in balance sheet strength through a reduction in
unrestricted reserves or additional debt would result in a negative
rating action.


NEW PHOENIX: Proposes to Sell Assets to Athens Real Estate
----------------------------------------------------------
New Phoenix Metals, Ltd., asks the U.S. Bankruptcy Court for the
Northern District of Texas to authorize the sale of assets
consisting of (1) the real property located at 6400 Industrial
Boulevard, Greenville, Texas 75402 comprised of both land and
improvements; and (2) tangible personal property used in the
Debtor's business and defined and identified in the Asset Purchase
Agreement and its associated Seller's Disclosure Schedules,
including without limitation: scrap metal inventory; heavy
processing equipment (i.e. a material handler, scrap grapples, a
shredder, magnets, and balers); lift equipment (i.e. forklifts and
a skid steer loader); trucks and trailers; containers (i.e.
roll-off containers and metal tilt bins, located either in the yard
or at supplier account facilities, yard equipment (i.e. a metal
analyzer, radiation detection devices, a plasma torch, scales,
granulators, tote bins, and miscellaneous tools); office furniture
and equipment; all books, records, files and papers (to include
lists of customers, suppliers, and vendors as well as financial and
accounting records); and the right to use the name "New Phoenix
Metals, Ltd." to Athens Real Estate Investment, LLC, subject to
higher and better offers.

In consideration for the acquisition of the Purchased Assets, the
Buyer agrees to assume the Assumed Liabilities, including without
limitation any obligation owed by the Seller to TRT SPV, LLC under
the TRT Loan Documents and the DIP Facility, which, as of the date
of the Agreement, total an amount approximately $1.8 million.  The
consideration for the acquisition of the Purchased Assets will be
allocated among the Purchased Assets as determined by Buyer in its
sole discretion.  Both Parties agree to file all tax forms required
by the IRS consistent with such determination by Buyer.

The Debtor is not selling Chapter 5 Causes of Action.  The Personal
Property is described in Schedules included with the APA.  The sale
will be free and clear of all liens, claims and encumbrances, and
such liens, claims and encumbrances will attach to the sale
proceeds in the same order and with the same priority and the same
validity as they attach to the Property.   

TRT SPV, LLC, secured lender, claims a lien on the Property in the
approximate principal amount of $1.75 million.  Per the APA, there
are no past due claims for axes related to the Property, and there
are no encumbrances on such Property except for such encumbrances
on taxes not yet due.   

The Real Property is allegedly subject to the liens described in
the following instrument(s): A Deed of Trust to secure an
indebtedness in the amount of $1.75 million, dated June 21, 2019;
Lender - TRT SPV, LLC (645 Loves Lane, Wynnewood, PA 19096);
Borrower/Grantor - New Phoenix Metals, Ltd. (6400 Industrial
Boulevard, Greenville, TX 75402); Guarantor - Carl Capital, LLC
(6400 Industrial Boulevard, Greenville, TX 75402); Trustee - Joe
Coleman; Recording Date - June 21, 2019, 04:08:55 p.m.; Recording
No - 2019-08638, Records of Hunt County, Texas.

No other liens are known by Debtor to exist against the Real
Property.

The Personal Property is subject to the liens described in the
following instrument(s):

     A. A UCC Financing Statement as described as Secured Party -
TRT SPV, LLC (645 Loves Lane, Wynnewood, PA 19096); Debtor - New
Phoenix Metals, Ltd. (6400 Industrial Boulevard, Greenville, TX
75402); Collateral - All assets of Debtor, whether now owned or
hereinafter acquired; Filing Date - June 24, 2019, 09:02 a.m.;
Filing Number - 19-0023604691, Texas Secretary of State.

     B. A Notice of Federal Tax Lien as described as Secured Party
- Department of the Treasury – Internal Revenue Service; Taxpayer
- New Phoenix Metals, Ltd., a Partnership  Michael D Carl Gen Ptr;
Amount - $13,008; Filing Date - Sept. 19, 2016 at 5:00 p.m.; Filing
Number - 16-0030842802, Texas Secretary of State.

No other liens are known by the Debtor to exist against the
Personal Property.  It believes the IRS lien has been paid.

The Debtor proposes to sell the Property to the Buyer for the
consideration described in the APA, including the Buyer's
assumption of certain of its indebtedness to TRT SPV, LLC on terms
agreed to by Buyer and TRT SPV, LLC.

The Motion to subject to higher and better offers.  The Debtor is
aware that there are persons asking to make competing bids.  

To address the competing bids the Debtor has sent these Bidding
Procedures to each of the known bidders and by including such
information in the Motion the information is now available to
persons seeking to participate in the sale process:

he salient terms of the Bidding Procedures are:

     a. Bid Deadline: Dec. 3, 2019 at 4:00 p.m. (CST)

     b. Initial Bid: A higher and better bid for the Debtor's
assets, plus cash consideration in an amount not less than the
Break-Up Fee

     c. Deposit: $100,000

     d. Auction: If one or more timely conforming Initial Overbids
are received, the Company, with the assistance and consultation of
the Secured Lender, will conduct an auction of the Assets in which
the Stalking Horse Bidder and all other Qualified Bidders may
participate.  The Auction will be conducted by Counsel for the
Company, at the Bankruptcy Court, 1100 Commerce Street, 14th Floor,
Dallas, Texas 75242 on Dec. 5, 2019 at 8:30 a.m. (CT).  

     e. Bid Increments: $50,000

     f. Sale Hearing: Dec. 5, 2019 at 9:00 a.m. (CT)

     g. Break-up Fee: 100,000

To the extent the terms and conditions of an Allowed Bidder's
Purchase Agreement contemplate an assumption of secured debt owed
to the Secured Lender ("Debt Assumption"), the Secured Lender, in
its sole and absolute discretion, may contest or withhold consent
to the Debt Assumption.  The Company and Secured Lender may
consider the terms and conditions of any Debt Assumption when
considering whether a bid is a higher and better bid, including
whether a bid satisfies the requirements of a Minimum Overbid.

The Debtor proposes to sell the Property free and clear of all
liens, claims, and encumbrances, and from the proceeds of such sale
or, if insufficient, from other contributions from the Buyer to:

     a. pay taxes and fees, including, but not limited to, sales or
transfer taxes, if applicable, that may be payable in connection
with the sale of the Property under the APA; and

     b. pay ad valorem taxes on the Property, including without
limitation, real property taxes and business personal property
taxes, for the 2019 tax year allocated to the Debtor on a pro rata
basis.

The Debtor has not employed a broker for the sale of the Property,
nor is the Debtor obligated under the APA for the provision of
brokerage services; as such the Debtor neither has, nor will have,
any payment obligation for any broker's or finder's fee in
connection with the APA.

The Debtor requests that the 14-day period following the entry of
an Order allowing the sale be waived pursuant to Rule 6004(h).

The hearing on the Motion was set for Dec. 5, 2019 at 9:00 a.m.

A copy of the APA is available at https://tinyurl.com/vwconuu from
PacerMonitor.com free of charge.

The Purchaser:

        ATHENS REAL ESTATE INVESTMENT, LLC
        P.O. Box E
        Athens, TX 75751  
        Attn: Nate Ungarean

The Purchaser is represented by:

        WICK PHILLIPS GOULD & MARTIN LLP
        3131 McKinney Avenue, Suite 100
        Dallas, TX 75204
        Attn: Matthew Zucker

                   About New Phoenix Metals

Established in 1998, New Phoenix Metals, Ltd., is a residential and
industrial recycling company. The industrial division services
companies in a four-state region (Oklahoma, Texas, Arkansas, and
Louisiana) and its facility in Greenville, Texas, serves the public
and small scrap dealers of Northeast Texas and Southern Oklahoma.

New Phoenix Metals is a full-service industrial recycling company
located in Greenville, Texas (40 miles Northeast of Dallas).  New
Phoenix Metals also has a residential division for recycling
household scrap metals including aluminum, steel, copper and
brass.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 16-32075) on May 26, 2016.  The
petition was signed by Marcus D. Carl, partner.

The case is assigned to Judge Stacey G. Jernigan.

At the time of the filing, the Debtor was estimated to have assets
and liabilities at $1 million to $10 million.



NEW WAY TRANSPORT: Fla. Utility Wants Info on Current Operations
----------------------------------------------------------------
Creditor Florida Utility Trailers, Inc., filed an objection
objection to the Disclosure Statement of New Way Transport, Inc.,
citing that:

  * The minimal description of the current operation of the
Debtor's business is insufficient by any standard and, under the
circumstances, is an incomplete and misleading statement of the
Debtor's current business situation and prospect for a successful
reorganization.

  * The Debtor fails to advise the creditors that prior to filing
its petition, it leased eleven semi-trailers from Florida Utility
and the Leased Trailers are the only trailers that are used by the
Debtor to operate its business. However, Debtor has failed to pay
the lease payments on the Leased Trailers and the stay has been
lifted due to non-payment. As such, all trailer leases have been
terminated.

Florida Utility suggests that in order to meet adequate information
standard, the Debtor should be required to provide a complete,
honest description of the current operation of its business and the
fact that it is presently operating its business in violation and
non-compliance with an order entered by the Court.  The Disclosure
Statement conceals the information which is crucial to the Debtor's
continued operation of its business.

A full-text copy of the objection is available at
https://tinyurl.com/vxqo5kc from PacerMonitor.com at no charge.

Florida Utility is represented by John S. Schoene.

          About New Way Transport
  
New Way Transport, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-03707) on June 5,
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 Cynthia C. Jackson. Bartolone Law, PLLC is the
Debtor's bankruptcy counsel.


NEW WAY TRANSPORT: Unsecureds to Get Full Payment Over 10 Years
---------------------------------------------------------------
Debtor New Way Transport, Inc. filed with the U.S. Bankruptcy Court
for the Middle District of Florida, Orlando Division, a disclosure
statement describing its plan of reorganization.

Under the Plan, Class 8 consists of the Allowed Unsecured Claims
against the Debtor. The Debtor will pay the holders of Class 8
Claims in full, except that the maximum sum to be paid shall not be
greater than an aggregate sum of $50,568.46 which the Debtor
believes is the maximum amount of legitimate Allowed Class 8
Claims. Each holder of an Allowed Unsecured Claim will be paid a
Pro Rata share of the Unsecured Pot if not paid in full. Payments
will be made over 120 months and shall commence on the thirtieth
day after a final order determining all remaining Disputed Claims.
Payments shall continue until the Unsecured Pot or 100% of all
Class 8 Claims are paid in full.

Class 9 consists of any share of membership interest, preferred
stock, common stock or other instrument evidencing an ownership
interest in the Debtor, whether or not transferrable, and any
option, warrant or right, contractual or otherwise, to acquire any
such interest.

The Plan contemplates that a Reorganized Debtor will continue to
operate the Debtor’s business. The Debtor believes cash flow from
the continued operation of its business will be sufficient to meet
the required Plan Payments.

Except as explicitly set forth in this Plan, all cash in excess of
operating expenses generated from operation until the Effective
Date will be used for Plan Payments or Plan implementation;
however, subject to the projections attached to the Disclosure
Statement, cash on hand as of Confirmation shall be available for
Administrative Expenses.

A full-text copy of the disclosure statement is available at
https://tinyurl.com/w2qslpg from PacerMonitor.com at no charge.

The Debtor is represented by:

  ALDO G. BARTOLONE, JR.
  BARTOLONE LAW, PLLC
  1030 N. Orange Ave., Suite 300
  Orlando, Florida 32801
  Telephone: 407-294-4440
  Facsimile: 407-287-5544
  E-mail: aldo@bartolonelaw.com

               About New Way Transport
  
New Way Transport, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-03707) on June 5,
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 Cynthia C. Jackson. Bartolone Law, PLLC is the
Debtor's bankruptcy counsel.


NN INC: S&P Affirms 'B' ICR; Ratings Off Watch Negative
-------------------------------------------------------
S&P Global Ratings removed its issuer credit and issue-level
ratings on NN Inc. from CreditWatch with negative implications. S&P
also affirmed its 'B' issuer credit rating on NN. The outlook is
stable. S&P assigned a 'B' issue-level rating and '3' recovery
rating to its new $260 million term loan B.

The company's debt maturity extensions improves its liquidity
profile.

NN extended the maturity of its revolving credit facility to July
2022 from October 2020 and used the proceeds of its $100 million
preferred equity offering to pay off the outstanding balance on the
revolver. The capacity of the revolver was also lowered to $75
million from $110 million. Although the transaction is generally
leverage-neutral, because S&P treats the new preferred stock as
debt, the maturity extension and balance paydown improves the
company's liquidity position, and as a result, it is removing the
ratings from CreditWatch with negative implications.

The stable outlook reflects S&P's expectation of modest sales
growth driven by solid growth in Life Sciences, amid challenges in
Mobile Solutions and flat sales in Power Solutions. S&P expects
steady EBITDA growth to result in leverage of 7.5x in 2019 and 6.3x
in 2020 and discretionary cash flow of $7 million in 2019,
improving to $44 million in 2020.

S&P could lower its rating on NN if it sees significant risk that
the company's leverage will remain materially above 7x for a
sustained period or if it believes the company will not generate
discretionary cash flow of at least $10 million. This could happen
if the company prioritizes acquisitions or other strategic
priorities ahead of debt reduction. Leverage could remain high
because of heightened competition, operational disruptions, or
weaker-than-expected performance. Such a scenario could include
material EBITDA margin contraction from S&P's base-case
expectations.

"Although unlikely over the next year or so, we could raise our
rating if we believe that NN could sustainably maintain debt to
EBITDA leverage of 4x-5x and discretionary cash flow to debt above
10%. This could occur if the company refrains from undertaking any
significant debt-funded acquisitions or shareholder distributions
within the next year or so, while expanding EBITDA margins above
20% through improved sales, reduced costs, and improved
productivity," S&P said.


NOS INC: Gets Authorization to Use BFC Cash Collateral
------------------------------------------------------
Judge Karen K. Specie of the U.S. Bankruptcy Court for the Northern
District of Florida authorized NOS, Inc. to use the cash collateral
that Bridge Funding Capital, LLC ("BFC") has an interest in through
the date of the final hearing on the Motion.

The Debtor's authority to use cash collateral is conditioned on the
Debtor paying BFC $1,000. BFC will have a replacement lien and
security interest in the Debtor's assets to the same extent that
BFC held a properly perfected prepetition security interest or lien
in assets immediately prior to the Petition Date.

                         About NOS Inc.

NOS, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Fla. Case No. 19-40593) on Nov. 5, 2019.  The
petition was signed by its authorized representative, Shivangi N.
Mehta. At the time of the filing, the Debtor was estimated to have
assets of less than $50,000 and liabilities of less than $1
million.  Judge Karen K. Specie oversees the case.  The Debtor is
represented by Bruner Wright, P.A.

The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case.



PARK MONROE: Sale Proceeds to Pay All Claims in Full
----------------------------------------------------
984-988 Greene Avenue Housing Development Fund Corporation, a New
York not-for profit corporation, filed a Chapter 11 plan that says
proceeds of the sale of its key assets will be sufficient to fund a
full-payment plan.

The Plan provides for the Debtor to sell its key assets, the
property, and pay creditors, from the proceeds of sale, the
"Implementation Funds."

The Sale is contemplated to achieve proceeds sufficient to pay all
Allowed Administrative, Priority, Secured and Unsecured Claims in
full.

The Debtor and the Purchaser will close on the Sale of the Property
on the terms set forth and according to the Sale Contract.  The
Purchase Price is $4,250,000.  The Sale Proceeds are the source of
the Implementation Funds and therefore, all distributions depend
upon the closing and funding of the Sale.

The principal of the Purchaser asserts that it is a sophisticated
real estate investor that directly or indirectly owns multiple
properties throughout New  York City and elsewhere.

Under the Plan, General Unsecured Claims totaling $550,000 are
UNIMPAIRED.  The General Unsecured Claims will be either (i) paid
by the Debtor, in Cash, in full on the Effective Date; or as soon
as practicable after such Claim becomes an Allowed Claim; or (ii)
as may be otherwise mutually agreed in writing between the Debtor
and the holders of such remaining General Unsecured Claims.

A full-text copy of the Disclosure Statement dated Dec. 6, 2019, is
available at https://tinyurl.com/se6675k from PacerMonitor.com at
no charge.

Counsel for the Debtor:

     Allen G. Kadish
     Harrison H.D. Breakstone
     ARCHER & GREINER, P.C.
     630 Third Avenue
     New York, New York 10017
     Tel: (212) 682-4940
     E-mail: akadish@archerlaw.com
             hbreakstone@archerlaw.com

              About Park Monroe Housing Development

Park Monroe Housing Development Fund Corporation is a
not-for-profit and tax-exempt corporation that develops a housing
project for persons of low income, pursuant to Section 573 of
Article XI of the New York Private Housing Finance Law. The
Company's primary tangible assets are located at 477 Saratoga
Avenue a/k/a 1352-1354 East New York Avenue, Brooklyn, N.Y.; 1350
Park Place, Brooklyn, N.Y.; 180 Grafton Street, Brooklyn, N.Y.; 257
Mother Gaston Boulevard, Brooklyn, N.Y.; and 249-251 Mother Gaston
Boulevard, Brooklyn, N.Y.

984-988 Greene Avenue Housing Development Fund is a not-for-profit
corporation whose tangible assets are properties located at 984-988
Greene Avenue, Brooklyn, N.Y. Its assets are used consistent with
its charitable purposes of providing affordable housing units for
families of low income in the central sections of Brooklyn, N.Y.

Northeast Brooklyn Partnership is a for-profit partnership whose
primary tangible assets are properties located at 409 Kosciuszko
Street, Brooklyn, N.Y.; 403 Kosciuszko Street, Brooklyn, N.Y.; 399
Kosciuszko Street, Brooklyn, N.Y.; 397 Kosciuszko Street, Brooklyn,
N.Y.; 675 Halsey Street, Brooklyn, N.Y.; and 671 Halsey Street,
Brooklyn, N.Y.

Park Monroe and its affiliates sought Chapter 11 protection (Bankr.
E.D.N.Y. Case Nos. 19-40820 to 19-40823) on Feb. 11, 2019.  The
petitions were signed by Jeffrey E. Dunston, president and CEO.  At
the time of filing, the Debtors were each estimated to have assets
and liabilities under $10 million.  The Debtors are represented by
Allen G. Kadish, Esq., of Archer & Greiner, P.C.


PATRICIAN HOTEL: Seeks to Hire Slatkin & Reynolds as Counsel
------------------------------------------------------------
Patrician Hotel, LLC, and its affiliated debtors seek authority
from the U.S. Bankruptcy Court for the Southern District of Florida
to hire Slatkin & Reynolds, P.A. as their legal counsel.

The firm will provide these services in connection with the
Debtors' Chapter 11 cases:  

     a. advise the Debtors of their powers and duties in the
continued management of their financial affairs;

     b. advise the Debtors of their responsibilities to comply with
the U.S. Trustee's Operating Guidelines and Reporting Requirements
and with the rules of the court;

     c. prepare pleadings and other legal documents necessary in
the administration of the Debtors' bankruptcy cases;

     d. protect the interests of the Debtors in all matters pending
before the court;

     e. represent the Debtors in negotiations with their creditors
in the preparation of a Chapter 11 plan; and

     f. perform all other necessary functions as legal counsel for
the Debtors.

Slatkin & Reynolds will be compensated at the rate of $375 an hour
for attorneys and $125 an hour for paralegals.  The firm received a
retainer in the sum of $26,868.

Robert Reynolds, Esq., a partner at Slatkin & Reynolds, attests
that the firm is disinterested as required by Section 327(a) of the
Bankruptcy Code.

The firm can be reached at:

     Robert F. Reynolds, Esq.
     Slatkin & Reynolds, P.A.
     One East Broward Boulevard, Suite 609
     Fort Lauderdale, FL 33301
     Tel: 954-745-5880
     Fax: 954-745-5890
     Email: rreynolds@slatkinreynolds.com

                  About Patrician Hotel LLC

Based in Miami Beach, Fla., Patrician Hotel, LLC and three
affiliates filed voluntary petitions under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 19-25290) on Nov.
14, 2019, listing under $1 million in both assets and liabilities.
Robert F. Reynolds, Esq. at Sla,tkin & Reynolds, P.A., represents
the Debtor as counsel.


PLATTSBURGH MEDICAL: Unsecureds' Recovery Hiked to 15%
------------------------------------------------------
Plattsburgh Medical Care PLLC, filed an Amended Combined Chapter 11
Disclosure Statement and Plan of Reorganization, which says that
unsecured creditors owed $265,000 will eventually receive 15 cents
on the dollar and could increase by any recovery against its
payroll company.  Distributions will be made on a monthly basis for
the 60-month plan term.  The prior iteration of the Plan provided
unsecured creditors with a 10 percent recovery.

The Debtor has a claim against Prime Pay, LLC, for breach of
contract, negligence and breach of fiduciary duty relating to the
Debtor's tax liability, in an amount to be determined.  The
Debtor's special counsel believes a settlement of that claim is
possible in the next several months.  IN the even the claim is not
settled, the Debtor intends to commence litigation to pursue those
claims.  Any recovery from those claims will be distributed to
general unsecured creditors.

A full-text copy of the Amended Combined Chapter 11 Disclosure
Statement and Plan of Reorganization dated December 6, 2019, is
available at https://tinyurl.com/sdqc4dm from PacerMonitor.com at
no charge.

The Debtor's bankruptcy attorney:

     NOLAN HELLER KAUFFMAN LLP
     80 State Street
     Albany, New York 12207
     Tel: (518) 449-3300

                About Plattsburgh Medical Care

Plattsburgh Medical Care, PLLC, is a New York corporation with its
principal place of business located at 675 Route 3, Plattsburgh,
N.Y.  It is a family medicine medical practice.  The sole member is
Glenn Schroyer, M.D., who provides medical services to patient
through the entity.

Plattsburgh Medical Care filed a Chapter 11 bankruptcy petition
(Bankr. N.D.N.Y. Case No. 19-10894) on May 13, 2019, estimating
under $1 million in both assets and liabilities.  

The Debtor tapped Nolan Heller Kauffman LLP as its bankruptcy
counsel, and Dreyer Boyajian LaMarche Safranko as its special
counsel.

Shireen T. Hart was appointed Patient Care Ombudsman.


POWER SOLUTIONS: Appoints Hong He as Director
---------------------------------------------
The Board of Directors of Power Solutions International, Inc.
appointed Hong "Simon" He as a member of the Board effective as of
Nov. 14, 2019.  Mr. He was also appointed to serve as a member of
the audit committee of the Board.

Mr. He, age 50, has served as director of finance and reporting for
Blackthorn Therapeutics, a clinical-stage biotechnology company,
since June 2019.  Prior to this, Mr. He served as the head of
finance at GenapSys, Inc. from 2018 until May 2019.  From 2014
until 2018, Mr. He was the finance director of SciClone
Pharmaceuticals, Inc., a Nasdaq-listed specialty pharmaceutical
company with main operations in China.  From January 2014 to June
2014, Mr. He served as vice president of finance and the controller
of Augmedix, Inc., a privately held technology-enabled medical
documentation company.  From October 2011 to December 2013, Mr. He
was employed as vice president of finance at Baidu Leho.com, a
private company backed by Baidu, a Nasdaq-listed company.  Mr. He
is a U.S. certified management accountant and a China certified
public accountant.  Mr. He earned his bachelors of science degree
in accounting from Beijing University of Technology in July 1992
and his masters of business administration degree from University
of Chicago Booth School of Business in December 2006.

In connection with his appointment to the Board, Mr. He will
receive an annual award of 5,000 shares of restricted stock,
subject to the terms of an award agreement to be entered into by
and between the Company and Mr. He.  Mr. He will also be
compensated with an annual retainer fee of $50,000 and $1,000 for
each Board meeting and each committee meeting.

                     About Power Solutions

Headquartered in Wood Dale, Illinois, Power Solutions
International, Inc., designs, engineers, and manufactures
emissions-certified, alternative-fuel power systems.  PSI provides
integrated turnkey solutions to global original equipment
manufacturers in the industrial and on-road markets.  The Company's
unique in-house design, prototyping, engineering and testing
capacities allow PSI to customize clean, high-performance engines
that run on a wide variety of fuels, including natural gas,
propane, biogas, gasoline and diesel.

Power Solutions reported a net loss available to common
stockholders of $85.47 million for the year ended Dec. 31, 2017, a
net loss available to common stockholders of $47.47 million for the
year ended Dec. 31, 2016, and a net loss available to common
stockholders of $2.89 million for the year ended Dec. 31, 2015. As
of Dec. 31, 2017, Power Solutions had $247.02 million in total
assets, $214.85 million in total liabilities, and $32.17 million in
total stockholders' equity.

BDO USA, LLP, in Chicago, Illinois, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
May 16, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2017, citing that the Company has
suffered recurring losses from operations and significant
uncertainties exist about the Company's ability to refinance,
extend, or repay outstanding indebtedness, the circumstances of
which raise substantial doubt about the Company's ability to
continue as a going concern.

The Company has not yet filed its Form 10-Qs for the quarters ended
March 31, 2018, June 30, 2018, Sept. 30, 2018, March 31, 2019, and
June 30, 2019, Sept. 30, 2019, and its Form 10-K for the year ended
Dec. 31, 2018.


POWER SOLUTIONS: Incurs $54.7 Million Net Loss in 2018
------------------------------------------------------
Power Solutions International, Inc., filed with the Securities and
Exchange Commission its Annual Report on Form 10-K reporting a net
loss of $54.73 million on $496.04 million of net sales for the year
ended Dec. 31, 2018, compared to a net loss of $47.61 million on
$416.62 million of net sales for the year ended Dec. 31, 2017.

As of Dec. 31, 2018, the Company had $289.88 million in total
assets, $308.46 million in total liabilities, and a total
stockholders' deficit of $18.58 million.

BDO USA, LLP, in Chicago, Illinois, the Company's auditor since
2018, issued a "going concern" qualification in its report dated
Dec. 27, 2019, on the consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has suffered
recurring losses from operations and significant uncertainties
exist about the Company's ability to refinance, extend, or repay
outstanding indebtedness, the circumstances of which raise
substantial doubt about the Company's ability to continue as a
going concern.

                 Anticipated Timing for 2019 Filings

The Company currently anticipates filing its Quarterly Reports on
Form 10-Q for the quarters ended March 31, June 30 and Sept. 30,
2019, and its Form 10-K for the year ended Dec. 31, 2019 by March
30, 2020.  Upon filing the aforementioned documents with the SEC,
the Company will become current and timely with its filings and
will seek to relist its common stock on a national exchange.

                   Outlook for Full Year of 2019

Projected sales for the full year of 2019 are expected to be above
the $496 million level achieved in 2018, marking the Company's
third consecutive year of annual sales growth, and up considerably
from sales of $339 million in 2016.  Gross profit is anticipated to
improve substantially versus 2018 due to healthy sales growth,
favorable mix, strategic pricing actions, lower warranty costs and
operational productivity improvements, which collectively are
expected to drive a strong gross margin improvement.  In addition,
the Company's operating income is expected to be favorably impacted
by lower selling, general and administrative expenses primarily as
a result of a decline in restatement-related expenses.  As a
result, the Company also expects its profitability to show a major
improvement versus 2018.  The Company cautions that this outlook is
subject to change upon the finalization of PSI's audited financial
statements for the full year of 2019.

The Company's total debt obligations were approximately $92 million
at Sept. 30, 2019, a decrease of approximately $18 million as
compared with total debt at Dec. 31, 2018.  The decline in debt
includes the net impact of customer prepayments of approximately
$11 million.

                         Management Comments

John Miller, chief executive officer, commented, "We continue to
execute against our business objectives, which includes continued
investment in the expansion of our engine portfolio and the
improvement of our profitability.  During 2019, we added several
engines to our product lineup, including 20L, 40L, and 53L diesel
models, which received EPA emergency standby certification.  The
addition of these diesel models and others to our portfolio follows
the introduction of 32L and 40L natural gas engines during 2018 and
complements our strong suite of natural gas products.  Importantly,
we've expanded our addressable market within power generation, and
have set the stage for long-term growth, particularly within our
energy end market where we've historically achieved stronger
margins."

"Although our profitability did not meet our targets in 2018 due to
several factors, I am highly encouraged with the healthy sales and
improved margin trends to date through 2019.  Looking ahead, we'll
strive to achieve long-term shareholder value through a continued
focus on our strategic initiatives."

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

                        https://is.gd/2XyxOu

                    About Power Solutions

Headquartered in Wood Dale, Illinois, Power Solutions
International, Inc. -- http://www.psiengines.com/-- designs,
engineers, and manufactures a broad range of advanced,
emission-certified engines and power systems.  PSI provides
integrated turnkey solutions to global original equipment
manufacturers and end-user customers within the energy, industrial
and transportation end markets.


PREMIER ON 5TH: Case Summary & 4 Unsecured Creditors
----------------------------------------------------
Debtor: Premier on 5th, LLC
        13864 Alafaya Street
        Venice, FL 34293

Business Description: Premier on 5th, LLC owns in fee simple a
                      real property in Sarasota, Florida.

Chapter 11 Petition Date: December 27, 2019

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 19-12098

Debtor's Counsel: Timothy W. Gensmer, Esq.
                  TIMOTHY W. GENSMER, P.A.
                  2831 Ringling Blvd.
                  Ste. 202-A
                  Sarasota, FL 34237-5348
                  Tel: 941-952-9377
                  E-mail: tim@timgensmer.com

Total Assets: $1,195,000

Total Liabilities: $494,132

The petition was signed by Kevin K. Bryo, managing member.

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

                   https://is.gd/FZ8vha


REMNANT OIL: Exclusivity Period Extended Until Jan. 12
------------------------------------------------------
Judge Tony Davis of the U.S. Bankruptcy Court for the Western
District of Texas extended the period during which only Remnant Oil
Company, LLC and Remnant Oil Operating, LLC can file a Chapter 11
plan to Jan. 12, 2020, and the period to solicit votes in favor of
a plan to March 12, 2020.

The companies needed additional time to formulate a bankruptcy plan
and present it to creditors and other concerned parties for
consideration after the results of the sales are known.  

The companies have been pursuing a sale of their assets while
working on a plan, the terms of which will depend in part on the
effectuation of the sale process.

               About Remnant Oil Company

Remnant Oil Company, LLC -- https://www.remnantoil.com -- was
formed specifically to acquire and exploit conventional oil and gas
assets within the Permian Basin.  Remnant Oil Operating currently
owns and operates 480 wells and a leasehold portfolio of 47,162
gross acres in Eddy, Lea, and Chaves counties, New Mexico.  Remnant
subdivides this leasehold into two groups of properties: the
Caprock properties and the non-Caprock properties.

Remnant Oil Company and Remnant Oil Operating filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Tex. Lead Case No. 19-70106) on July 16, 2019.  The
petitions were signed by E. Will Gray II, chief executive officer.

At the time of the filing, Remnant Oil Company estimated $10
million to $50 million in both assets and liabilities while Remnant
Oil Operating estimated $100,000 to $500,000 in assets and $1
million to $10 million in liabilities.

Bernard R. Given, II, Esq., at Loeb & Loeb LLP, represents the
Debtors as counsel.



RICHARDSON ACQUISITIONS: Jan. 27 Plan & Disclosures Hearing Set
---------------------------------------------------------------
On Dec. 2, 2019, debtor Richardson Acquisitions Group, Inc., filed
with the U.S. Bankruptcy Court for the Eastern District of
Michigan, Southern Division (Detroit), a combined plan of
reorganization and disclosure statement.

On Dec. 5, 2019, Judge Mark A. Randon granted the disclosure
statement with preliminary approval and established the following
dates and deadlines:

   * Jan. 21, 2020, is the deadline to return ballots on the plan,
as well as to file objections to final approval of the adequacy of
the information in the disclosure statement and objections to
confirmation of the plan.

   * Jan. 27, 2020, at 11:00 a.m. before the Honorable Mark A.
Randon, United States Bankruptcy Judge, in Courtroom 1825, 211 West
Fort Street, Detroit, Michigan 48226 is the hearing on objections
to final approval of the adequacy of the information in the
disclosure statement and confirmation of the plan.

   * The deadline for all professionals to file final fee
applications is 30 days after the confirmation order is entered.

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

             About Richardson Acquisitions Group

Richardson Acquisitions Group, Inc., owns and operates a machine
shop in Walled Lake, Mich. Richardson Acquisitions Group filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Mich. Case No. 19-48340) on June 4, 2019.  In the
petition signed by Mason Richardson, president, the Debtor was
estimated to have $500,000 to $1 million in assets and $1 million
to $10 million in liabilities.  Judge Maria L. Oxholm oversees the
case. Mark H. Shapiro, Esq., at Steinberg Shapiro & Clark, is the
Debtor's counsel.


RITCHIE BROS: S&P Upgrades ICR to 'BB+' on Lower Financial Risk
---------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Burnaby,
B.C.-based Ritchie Bros. Auctioneers Inc. (RBA) to 'BB+' from 'BB'.
S&P also raised its issue-level ratings on the company's US$500
million unsecured notes to 'BB+' from 'BB'. S&P's rating on RBA's
senior secured debt is unchanged at 'BBB-'.

S&P's view of RBA's financial risk has improved from recent and
expected growth in earnings and free cash flow that facilitate
conservative leverage. The upgrade primarily reflects S&P's
expectation for RBA to generate adjusted debt-to-EBITDA just under
2x through 2021, which is consistent with the rating agency's
previous upside scenario for the rating. S&P estimates growth in
earnings and free cash flow will enable the company to modestly
reduce debt, even after high shareholder returns. S&P expects RBA
to generate adjusted free operating cash flow (FOCF)-to-debt of
30%-35% over the next couple of years, up from about 20% in 2018,
which further supports the upgrade. Moreover, S&P believes the
company remains committed to a conservative balance sheet, with
leverage expected to remain well below its 2.5x threshold (as per
RBA's calculations) at least through 2020.

The improvement in RBA's earnings and cash flow reflects the
company's strong service revenue growth, which has outpaced gross
transaction value in recent years, and prudent cost management.
This is due in part to the company's ability to increase buyer fees
and offer new services, which S&P expects to persist over the next
couple of years and reinforces its view of RBA's solid competitive
position. These factors more than offset the adverse impact of
robust equipment demand that has led to high utilization and
extended lead times for new equipment from original equipment
manufacturers.

The stable outlook primarily reflects S&P's expectation for modest
deleveraging over the next couple of years, underpinned by
low-to-mid single-digit revenue growth and relatively stable
adjusted EBITDA margins. S&P's base-case scenario assumes adjusted
debt-to-EBITDA to remain just below 2x and adjusted FOCF-to-debt of
30%-35% over the next couple of years.

S&P could lower its issuer credit rating on RBA within the next 12
months if credit measures weaken, such that adjusted debt-to-EBITDA
approaches 2.5x. This could occur if the company's profitability
metrics deteriorate from higher-than-expected operating costs or
adverse industry conditions contribute to a decline in revenue and
cash flow. This could also occur if S&P expects RBA to fund share
buybacks or material acquisitions with debt.

"We are unlikely to raise our issuer credit rating on the company
within the next one-to-two years based on our view of the company's
limited scale when compared with that of higher-rated global
capital goods companies, and significant exposure to sectors with
cyclical equipment demand such as construction and oil and gas.
That said, we could consider an upgrade over this period if the
company's end-market and geographic diversification improve
significantly, with improved profitability," S&P said.

"At the same time, we would expect the company to sustain adjusted
debt-to-EBITDA below 1.5x, supported by financial policies that are
more conservative than our current view," the rating agency said.


RITE AID: S&P Raises Senior Unsecured Note Rating to 'CCC-'
-----------------------------------------------------------
S&P Global Ratings raised its issue-level rating on U.S.-based
drugstore retailer Rite Aid Corp.'s senior unsecured notes due 2027
and 2028 to 'CCC-' from 'D'. The '6' recovery rating remains
unchanged, indicating S&P's expectation that lenders would receive
negligible recovery (0%-10%; rounded estimate: 0%) in the event of
a payment default.

S&P raised the rating following the company's completion of a cash
tender offer to repurchase $18 million of its 2027 notes and $39
million of its 2028 notes at an approximately 32% discount to par.
Pro forma for the debt repurchases, the company has $3.8 billion of
debt outstanding.

All of S&P's other ratings on Rite Aid, including its 'CCC+' issuer
credit rating and stable outlook, remain unchanged. The issuer
credit rating reflects S&P's belief that the company's capital
structure is unsustainable because of its intensifying operating
headwinds and modest cash flows relative to its outstanding debt.
The stable outlook reflects the company's sufficient liquidity and
lack of near-term debt maturities, which S&P believes will provide
the company with at least 12 months to finalize and begin to
execute its turnaround plan.


ROC-IT DRYWALL: Plan to Pay Unsecureds 10% Over 60 Months
---------------------------------------------------------
ROC-IT DRYWALL, INC., filed a Second Combined Chapter 11 Plan and
Disclosure Statement that provides for the Debtor to continue its
operations as an installer of residential and commercial dry wall,
for the construction industry.

The Plan will pay secured claims over a 24-month period. The Plan
will pay priority tax claims in full within 90 days (or less) of
the Petition Date, while paying approximately 10% of allowed
unsecured claims over a period of 60 months from the Effective
Date.

A full-text copy of the Disclosure Statement dated Dec. 6, 2019, is
available at https://tinyurl.com/u8gusrb from PacerMonitor.com at
no charge.

Attorney for the Debtor:

     David R. Shook
     Attorney at Law, PLLC  
     6480 Citation Drive
     Clarkston, MI 48346
     Tel: 248-625-6600
     E-mail: ecf@davidshooklaw.com

                    About Roc-It Drywall Inc.

Roc-It Drywall, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 19-43051) on March 4,
2019.  At the time of the filing, the Debtor was estimated to have
assets of less than $500,000 and liabilities of less than $1
million.  The case is assigned to Judge Phillip J. Shefferly.
David R. Shook, Attorney at Law, PLLC, is the Debtor's bankruptcy
counsel.


ROSEMAN UNIVERSITY: S&P Assigns 'BB' Rating to $82.6MM 2020 Bonds
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' rating to Public Finance
Authority, Wis.' $82.6 million series 2020 bonds, issued for
Roseman University, which is located in Henderson, Nev., and South
Jordan, Utah. At the same time, S&P Global Ratings affirmed its
'BB' long-term rating on the authority's series 2012 and 2015
bonds, issued for Roseman. The outlook is stable. The exact amount
of the issuance will be determined based on market conditions at
time of sale.

S&P has assessed the university's enterprise profile as strong,
based on its niche programs, robust graduate selectivity, and solid
matriculation rates. It  has assessed Roseman's financial profile
as adequate, based on the university's growing available resources
and improving operating margins, offset by significant leverage
with the new issuance nearly doubling outstanding debt, and a very
high maximum annual debt service burden. S&P believes the
university's high amount of debt and aggressive growth strategy for
a new college of medicine (COM) have heightened its risk profile.

"When we combine the enterprise and financial profile scores with
the university's specialized focus on health care-related fields,
the indicative stand-alone credit profile is 'bbb-'; however, in
our view, the long-term debt rating of 'BB' better reflects the
university's significant debt load and remaining uncertainty
regarding accreditation for its planned COM," said S&P credit
analyst Phillip Pena.

The stable outlook reflects S&P's expectation that over the next
year, the university will continue to sustain robust surplus
operating performance while maintaining or growing its available
resources and fundraising. S&P also expects the university will
continue to maintain or grow demand in nonpharmacy programs."

Post-issuance, long-term debt (all of which is parity) will total
approximately $182.5 million as of fiscal 2019. The $82.6 million
series 2020 bonds are being used to finance the acquisition of
multiple properties that the university currently leases; operating
leases for these properties totaled $37.8 million as of fiscal
2019. The issuance, though it adds more debt up front, ultimately
will produce savings projected at about $14.2 million through the
first five years of issuance, and significant savings over the next
30 years.


RPX CORP: S&P Raises Secured Issue-Level Rating to BB-
-------------------------------------------------------
S&P Global Ratings raised its issue-level rating on RPX Corp.'s $20
million first-lien revolving credit facility due in 2023 and $240
million ($93 million outstanding) first-lien term loan due in 2024
to 'BB-' from 'B+', and revised its recovery rating on the debt to
'1' from '2'.

The '1' recovery rating reflects S&P's expectation for very high
(90%-100%; rounded estimate: 95%) recovery in the rating agency's
simulated default scenario. The raising of the issue-level rating
follows the company prepaying nearly $110 million of the term loan
on Dec. 18 with proceeds from the sale of its legal process
outsourcing business, Inventus, for $150 million. S&P expects the
company to use the remainder to pay a one-time dividend to its
financial sponsor.

S&P's 'B' issuer credit rating on RPX is unchanged based on its
view of the decreased business and end-market diversity, as well as
heightened releveraging risk in the near-term given financial
sponsor ownership and historically low post-transaction leverage.
Prepayment was required per the terms of the company's credit
agreement, so S&P doesn't view it as fully discretionary. That is
offset by a reduction in leverage to 1.2x (on a pro forma basis and
based on S&P Global Ratings' adjusted EBITDA less net patent
spending) from the low-2x area. S&P's ratings on RPX reflect its
revenue concentration in the niche patent risk management services
segment, limited pricing power, risk of regulatory changes
affecting the volume of patent litigation, and financial sponsor
ownership. These factors are partially offset by a leading position
in the niche patent risk management segment of legal services, good
brand reputation, and relatively low leverage.

S&P believes RPX will maintain modest free cash flow generation
over the rating agency's forecast period, despite top-line declines
because of lower patent litigation volumes and subscription fees.

ISSUE RATINGS – RECOVERY ANALYSIS

Key analytical factors

-- The company's debt capitalization consists of a $20 million
first-lien revolver due in 2023 and $240 million ($93 million
outstanding) first-lien term loan due in 2024.

-- RPX Corp. is the borrower under the first-lien facilities,
which benefits from guarantees from parent Riptide Parent LLC and
its material subsidiaries. S&P's recovery analysis assumes that
first-lien collateral represents substantially all of emergence
enterprise value.

-- S&P's simulated default scenario contemplates a default in
2022, stemming from changes in patent laws and regulations leading
to decreases in clients' and prospective clients' costs of
litigating patent infringement claims, with the resulting
compressed subscription revenue leading to a breach of the
financial covenant.

-- S&P values the company on a going-concern basis using a 5x
multiple of its projected emergence EBITDA. S&P believes RPX would
likely reorganize in our default scenario because of its
established relationships with key customers and reputation as a
trusted intermediary in the patent market.

Simulated default assumptions

-- Year of default: 2022
-- EBITDA at emergence: $22 million
-- EBITDA multiple: 5x
-- Gross enterprise value: $111 million
-- Revolving credit facility: 85% drawn at default

Simplified waterfall

-- Net emergence enterprise value (after 5% administrative
expenses): $106 million

-- Valuation split (obligors/nonobligors): 80%/20%

-- Value available to first-lien debt (collateral/noncollateral):
$98 million/$8 million

-- Estimated first-lien debt claims: $111 million

-- Recovery expectations: 90%-100% (rounded estimate: 95%)

All debt amounts include six months of prepetition interest.
Collateral value equals an asset pledge from obligors after
priority claims plus an equity pledge from nonobligors after
nonobligor debt.


RUBY'S DINNER: Plan Now Has Support of Major Constituencies
-----------------------------------------------------------
Ruby's Diner, Inc., and its affiliated debtors, as well as Ruby's
Franchise Systems, Inc., filed a Second Amended Joint Plan of
Reorganization and a corresponding Disclosure Statement to:

   -- incorporate settlements reached with major constituencies in
the Chapter 11 cases;

   -- raise the plan funding to be provided by plan sponsor Steven
L. Craig from $4 million in the prior Plan to $5 million;

   -- increase the new value contribution of Douglas Cavanaugh and
Ralph Kosmides, the founders of Ruby's to $8 million from $5.5
million in the prior Plan.

   -- provide that 75% ownership of Reorganized RDI will be issued
to the Plan Sponsor and 25% to the Founders;

   -- extend the expected effective date of the Plan to Feb. 29,
2020, from Jan. 26, 2019.

   -- provide, in accordance with a settlement with the creditors'
committee, that holders of unsecured claims against RDI will
receive a pro rata distribution from funds obtained by a litigation
trust to pursue rights of action.

The Plan proponents are the Debtors, namely, Ruby's Diner, Inc., a
California corporation ("RDI"), Ruby's SoCal Diners, LLC, a
Delaware limited liability company ("SoCal Diners"), Ruby's Quality
Diners, LLC, a Delaware limited liability company ("Quality"),
Ruby's Huntington Beach, Ltd., a California limited partnership
("Ruby's Huntington Beach"), Ruby's Oceanside, Ltd., a California
limited partnership ("Ruby's Oceanside"), Ruby's Palm Springs,
Ltd., a California limited partnership ("Ruby's Palm Springs") and
Ruby's Laguna Hills, Ltd., a California limited partnership
("Ruby's Laguna Hills") (collectively, without RDI, the "SoCal
Debtors" and, with RDI, the "RDI Debtors"), and Ruby's Franchise
Systems, Inc., a California corporation ("RFS"), an entity
affiliated with the RDI Debtors through common ownership and
control.

The Plan incorporates the terms of settlements reached with the
Official Committee of Unsecured Creditors appointed in the RDI
Chapter 11 Case regarding treatment of unsecured creditors in the
Chapter 11 Case of RDI, as well as an agreement with the
professionals retained in the RDI Chapter 11 case regarding the
payment of their allowed professional fees and costs.

In addition, the Plan incorporates the terms of settlements reached
between two of the major creditors in the Debtors' Chapter 11 Cases
-- Opus Bank and each of the SoCal Debtors and RFS, and US Foods
and each of the SoCal Debtors and RDI.

The Plan, therefore, has the support of the major constituencies in
these Chapter 11 Cases, other than Pillsbury Winthrop Shaw Pittman
LLP ("Pillsbury"). [Certain aspects of the agreement with the
Committee have not yet been finalized as of the filing of the Plan
and Disclosure Statement and may be subject to change].  

The Plan provides for a restructuring of the Debtors' secured,
priority and unsecured debt, infusion of new funding, the
continuation of the Ruby's brand as a going concern under a new
equity structure, and a contribution of the ownership of RFS to
RDI, with the license agreement between them remaining in effect.

                           Plan Funding

The Plan will be funded through a combination of Cash from
operations, as well as the conversion of debt and the provision of
plan funding by Steven L. Craig or an affiliated entity(ies) (the
"Plan Sponsor") totaling $5,000,000 (the "Plan Funding").  In
addition, Douglas Cavanaugh and Ralph Kosmides, the founders of
Ruby's (the "Founders") will make a "new value" contribution on the
Effective Date of the Plan in the form of the value of their
ownership Interests in RFS, which will be contributed to
Reorganized RDI as part of a reconciliation of amounts due to and
from the Founders and the Debtors as provided by the Plan.  The net
New Value Contribution by the Founders has been valued by RDI's
financial advisor at approximately $8 million.

A portion of the Plan Funding from the Plan Sponsor will be
utilized to fund the Plan as it relates to RDI (the "RDI Plan
Funding"), with the cash component of the RDI Plan Funding being
$2,786,384.  The 75% ownership of Reorganized RDI will be issued to
the Plan Sponsor in consideration of the RDI Plan Funding and 25%
to the Founders in consideration of the Founders' New Value
Contribution.  Equity in RFS valued at $8 million will be
contributed by the Founders to Reorganized RDI as the New Value
Contribution in return for the Founders receiving the 25% interest
in Reorganized RDI.  

On the HOP Effective Date (which will occur one (1) day prior to
the Effective Date which relates to the other Plan Proponents)),
100% of the interests (the "HOP Interests") in Ruby's Huntington
Beach, Ruby's Oceanside and Ruby's Palm Springs (the "HOP
Restaurant Entities") will be issued to the Plan Sponsor  in
consideration of the Plan Sponsor's contribution of a portion of
the Plan Funding to fund the Plan as to each of the respective HOP
Restaurant Entities, in the aggregate approximate amount of
$588,616 (the "HOP Plan Funding")

The Plan Sponsor will contribute the HOP Interests to Reorganized
RDI one (1) day following the Effective Date, and the HOP
Restaurant Entities will be wholly owned subsidiaries of
Reorganized RDI.  The HOP Restaurant Entities will continue to be
subject to the secured debt against them, as restructured under the
Plan, and Reorganized RDI will guaranty the secured debt of the HOP
Restaurant Entities to Opus Bank and C&C Partnership until such
claims are satisfied.  The HOP Plan Funding will be utilized to,
among other things, make distributions to the HOP Restaurant
Entities' unsecured creditors on the Effective Date as provided by
the Plan. RFS will continue as the franchising arm of the business,
as a wholly owned subsidiary of Reorganized RDI.

As a result of the implementation of the terms of the Plan, as of
the Effective Date, RFS and the HOP Restaurant Entities will be
wholly owned by Reorganized RDI, and Reorganized RDI will be owned
75% by the Plan Sponsor, 15% by Cavanaugh and 10% by Kosmides.

The ownership interests of RDI in SoCal Diners, the ownership
interest of SoCal Diners in Quality, and SoCal Diners' and
Quality's ownership interests in the SoCal Entities (Ruby's
Huntington Beach, Ruby's Oceanside, Ruby's Palm Springs, Ruby's
Laguna Hills and Ruby's Mission Valley) will be cancelled and the
entities (with the exception of the HOP Restaurant Entities) will
be dissolved.

                       Treatment of Claims

The Plan provides for the payment in full, over time, of all
secured Creditors, and payment in full of all administrative and
priority Creditors, except as otherwise agreed.

The Plan further provides for payment in full, over time, of the
unsecured Creditors' claims of RFS.

The unsecured Creditors of the HOP Restaurant Entities will be
paid, on the Effective Date of the Plan, their pro rata share from
distribution funds, in the following amounts: $113,118.78 (Ruby's
Huntington Beach), $62,397.43 (Ruby's Oceanside); $24,413.78
(Ruby's Palm Springs).

The unsecured Creditors' claims of SoCal Diners and Quality (if
any) will be paid, on a pro rata basis, on the Effective Date of
the Plan, 2.5 percent of their allowed claims.

The unsecured Creditors' claims of Ruby's Laguna Hills will not be
entitled to a distribution as this entity is no longer operating
and there is no residual value in the estate to make such payment.

In accordance with an agreement between and among the Committee,
RDI, the Founders and the RDI Professionals (defined herein as the
"RDI Professional and Unsecured Creditor Distribution Agreement"),
the unsecured Creditors' claims of RDI (classified in Class 11(a))
will be entitled to a pro rata distribution from funds obtained by
a litigation trust formed pursuant to the Plan (defined herein as
the "Litigation Trust") that will have the right, following the
Effective Date, to pursue RDI Rights of Action (such distributions
being made after payment of the reasonable expenses incurred by the
Litigation Trust and the administrative priority claims of the RDI
Professionals).

The Plan Proponents believe that a reorganization -- as opposed to
a liquidation -- will maximize value for all Creditor and equity
constituencies, and the Plan has the support of the Committee
representing the interests of the RDI General Unsecured Creditors,
Opus Bank, US Foods and the RDI Professionals.  

The Plan Proponents anticipate that the Effective Date will be on
or about Feb. 29, 2020.  The HOP Effective Date will occur one day
prior to the general Effective Date.

A black-lined copy of the Second Amended Joint Disclosure Statement
dated Dec. 6, 2019, is available at https://tinyurl.com/sp64s9z
from PacerMonitor.com at no charge.

                       About Ruby's Diner

Ruby's Diner, Inc. -- https://www.rubys.com/ -- is a restaurant
chain headquartered in Irvine, California. Founded by Doug
Cavanaugh and Ralph Kosmides in 1982, it also has locations in
California, Nevada, Arizona, Texas, Pennsylvania and New Jersey.

Ruby's Diner, Inc., along with its affiliates, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
18-13311) on Sept. 5, 2018.  In the petition signed by CEO Douglas
S. Cavanaugh, RDI was estimated to have assets of $1 million to $10
million and liabilities of $1 million to $10 million.  Judge
Catherine E. Bauer oversees the case.  

Ruby's Franchise Systems, Inc., the creator of Ruby's Diner, sought
Chapter 11 protection (Bankr. C.D. Cal. Case No. 18-13324) on Sept.
6, 2018, estimating less than $50,000 in assets and $1 million to
$10 million in liabilities.

The RDI Debtors tapped Pachulski Stang Ziehl & Jones LLP as legal
counsel, and GlassRatner Advisory & Capital Group LLC as financial
advisor.  The RDI Debtors retained Donlin Recano & Company, Inc.,
as their claims, noticing and balloting agent.

RFS tapped Theodora Oringher PC as general insolvency counsel and
Armory Consulting Co. as its financial advisor.

On Sept. 19, 2018, the U.S. Trustee appointed an Official Committee
of Unsecured Creditors in the RDI Chapter 11 Case.  The Committee
is represented by Winthrop Golubow Hollander, LLP as its insolvency
counsel and Force 10 Partners as its financial advisor.  No
official committee was appointed in the RFS Chapter 11 case.


S & G MACHINE: Unsecureds Get 100% With Interest in 72 Months
-------------------------------------------------------------
S & G Machine, L.L.C., says it has resumed its machine shop
business and is currently operating and earning revenues with which
to fund the payments provided for in its plan of reorganization.

S & Machine's plan proposes to treat claims and interests as
follows:

   * SECURED CLAIMS.  Manufacturers Capital, a Division of
Commercial Credit Group, has a claim of $247,257.  The Debtor will
pay this obligation in full in equal monthly installments of $3,000
each until the obligation is paid in full, with the first of said
installments being due on the Effective Date of this Plan.

  * UNSECURED CLAIMS.  The claims of holders of general unsecured
claims shall be paid in full with interest at 4% per annum in 72
monthly installments with the first of said monthly installments
being due and payable on the Effective Date of the Plan, EXCEPT
that those general unsecured claims in the amount of $200 or less
will be paid in full in cash on the Effective Date of the confirmed
Plan of Reorganization.

  * EQUITY INTERESTS.  The equity security holder will retain his
equity security interest but will receive nothing on account of his
equity security interest.

The Plan of Reorganization provides for the Debtor to retain the
assets of the Debtor and to pay the plan payments and future
expenses from future income.

A full-text copy of the Amended Disclosure Statement dated Dec. 6,
2019, is available at https://tinyurl.com/wd3pbs6 from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Robert D. McWhorter, Jr.
     INZER, HANEY, McWHORTER, HANEY & SKELTON, LLC
     Post Office Drawer 287
     Gadsden, Alabama 35902
     Tel: (256) 546-1656

                      About S & G Machine

S & G Machine, L.L.C., is a limited liability company operating a
machine shop in Hokes Bluff, Etowah County, Alabama.  It owns the
real property and building from which it conducts its operations.
The company was formed in 2001 to take over a machine shop
operation formerly operated individually by John Scott Young.  John
Scott Young currently is the sole member, and the managing member,
of S & G.  The Company does machining for several customers
including but not limited to The Goodyear Tire & Rubber Company in
Gadsden, Alabama; certain parts manufacturers in the automobile
industry; and the general public.

S & G Machine, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 19-40526) on March 29,
2019.  At the time of the filing, the Debtor was estimated to have
assets and liabilities of less than $500,000.  Judge James J.
Robinson oversees the case.  Robert D. McWhorter, Jr., Esq., at
Inzer, McWhorter, Haney & Skelton, LLC, represents the Debtor.


SAN JOAQUIN AIDS: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: San Joaquin AIDS Foundation
        4330 N. Pershing Avenue
        Suite B-3
        Stockton, CA 95207

Business Description: San Joaquin AIDS Foundation is a non-profit
                      organization in Stockton, California that
                      provides personal counseling and support
                      to people living with HIV.

Chapter 11 Petition Date: December 26, 2019

Court: United States Bankruptcy Court
       Eastern District of California

Case No.: 19-27921

Judge: Hon. Fredrick E. Clement

Debtor's Counsel: David C. Johnston, Esq.
                  DAVID C. JOHNSTON
                  1600 G. Street, Suite 102
                  Modesto, CA 95354
                  Tel: (209) 579-1150

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert L. Lampkins, president.

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

A copy of the petition is available from PacerMonitor for free at:

                       https://is.gd/uZTM8o


SCOOBEEZ INC: Cash Collateral Use Until March 6 Approved
--------------------------------------------------------
Judge Julia Brand of the U.S. Bankruptcy Court for the Central
District of California authorized Scoobeez, Inc. and its affiliates
continued use of cash collateral through March 6, 2020, pursuant to
the terms of a Second Stipulation entered into by and among the
Debtors, Hillair Capital Management LLC and Hillair Capital
Advisors LLC, the general partner of Hillair Capital Investments
LP, and the Official Committee of Unsecured Creditors.

The bankruptcy judge also modified Paragraph 12.1 of the Second
Stipulation to add the following events of default:

     (k) The composition of the Board of Directors of any of the
Debtors is altered or any previous action to alter the composition
of any such Board is determined to be valid such that Messrs.
Weiss, Grobstein and Harrow no longer serve as the sole Directors
of the Debtors.

     (l) The Debtors' agreements with Amazon are terminated or
Amazon is given relief from the automatic stay to effectuate its
termination rights.

     (m) Any chapter 11 plan of reorganization or liquidation is
filed by the Debtors or any other third-party and Hillair does not
consent to such plan.

The hearing on the Debtors' Cash Collateral Motion will be
continued to March. 5, 2020 at 10:00 a.m. Supplemental briefs in
support of the Motion and continued use of cash collateral will be
filed and served by no later than Feb. 20.  Supplemental responses
in opposition to the motion and continued use of cash collateral
will be filed and served by no later than Feb. 27.

                          About Scoobeez

Scoobeez Inc. -- https://www.scoobeez.com/ -- operates an on demand
door-to-door logistics and real time delivery service company.  It
offers messaging, same day and preferred deliveries, and courier
services.

Scoobeez Inc. and its affiliates, Scoobeez Global Inc. and Scoobur
LLC, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Lead Case No. 19-14989) on April 30, 2019.  The
cases have been assigned to Judge Julia W. Brand.

At the time of the filing, Scoobeez Inc. was estimated to have
assets and liabilities of between $10 million and $50 million;
while Scoobur had estimated assets and liabilities of less than
$50,000.  Menawhile, Scoobeez Global disclosed $6,274,654 in assets
and $7,886,579 in liabilities.

Foley & Lardner LLP is the Debtors' bankruptcy counsel.  Conway
Mackenzie, Inc., is the Debtors' financial advisor.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on May 20, 2019.  The committee retained Levene, Neale,
Bender, Yoo & Brill LLP as its counsel.



SCRIBEAMERICA INTERMEDIATE: S&P Affirms 'B' ICR; Outlook Stable
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on
U.S.-based care team assistant (CTAs) provider company
ScribeAmerica Intermediate Holdco LLC (d/b/a Health Channels) and
its 'B' issue-level rating on the company's first-lien debt. The
outlook remains stable.

S&P expects adjusted leverage close to 8x for 2019, declining below
6.5x in 2020, with positive free cash flow.

Adjusted leverage spiked to 8.8x in 2018 after the close of the
PhyAssist acquisition in late 2018, and S&P expects adjusted
leverage for Scribe to decline to near 8x at the end of 2019. S&P
expects leverage to decline further to below 6.5x in 2020, largely
due to the full-year impact of PhysAssist, related cost synergies,
and other cost-efficiency measures. The rating agency estimates net
free cash flow above $12 million in 2019, improving to above $20
million in 2020 due to growth in both EBITDA and EBITDA margin. S&P
believes the financial sponsors will favor shareholder returns,
mergers and acquisitions (M&A), and reinvestment over permanent
debt reduction keeping adjusted leverage above 5.0x.

The stable outlook on ScribeAmerica reflects S&P's expectation that
the company will continue to grow organically, while expanding its
margins. S&P anticipates that the company will fund future but
limited acquisitions, with leverage remaining above 6.0x and
positive free cash flow above $10 million over the next 12 months.

"We could consider lowering our rating if margins contract 200
basis points, due to higher operating costs from wage pressure,
changes in regulations, or heightened competition from new market
participants. Alternatively, we could consider a downgrade if the
company engages in a larger-than-expected debt-financed acquisition
or aggressive dividends such that it sustains leverage above 10x
and free operating cash flow (FOCF) to debt below 3%," S&P said.

"Though unlikely, we would consider raising our rating on
ScribeAmerica if it significantly expanded its service offerings
while sustaining leverage below 5.0x. and funds from operations
(FFO) to total debt above 12%. However, we would likely view any
improvement in the company's credit metrics as temporary given our
belief that its financial sponsor's financial policies will favor
debt-financed acquisitions or shareholder-friendly activities
instead of deleveraging," the rating agency said.


SELECTA BIOSCIENCES: Raises $70 Million in Securities Offering
--------------------------------------------------------------
Selecta Biosciences, Inc., entered into a securities purchase
agreement on Dec. 18, 2019 with certain purchasers, including
certain members of the board of directors of the Company.

Pursuant to the Purchase Agreement, the Company agreed to sell (i)
an aggregate of 37,634,883 shares of its common stock, par value
$0.0001 per share, at a purchase price equal to $1.46 per share,
which was equal to the most recent consolidated closing bid price
on the Nasdaq Global Market on Dec. 18, 2019, (ii) warrants to
purchase an aggregate of 22,988,501 shares of Common Stock, at a
purchase price equal to at $0.125 per share underlying each Common
Warrant , and (iii) pre-funded warrants to purchase an aggregate of
8,342,128 shares of Common Stock, at a purchase price equal to at
$1.46 per share underlying each Pre-Funded Warrant, to the
Investors for aggregate gross proceeds of approximately $70.0
million.  The closing of the Offering occurred on Dec. 23, 2019.

Each Common Warrant has an exercise price per share of Common Stock
equal to $1.46 per share.  Each Pre-Funded Warrant has an exercise
price per share of Common Stock equal to $0.0001 per share.  The
exercise price and the number of shares of Common Stock issuable
upon exercise of each Warrant is subject to appropriate adjustments
in the event of certain stock dividends and distributions, stock
splits, stock combinations, reclassifications or similar events
affecting the Common Stock. In addition, in certain circumstances,
upon a fundamental transaction, a holder of Warrants will be
entitled to receive, upon exercise of the Warrants, the kind and
amount of securities, cash or other property that such holder would
have received had they exercised the Warrants immediately prior to
the fundamental transaction; provided, however, that in the event
of a fundamental transaction where the consideration consists
solely of cash, solely of marketable securities or a combination
thereof, each Warrant will be deemed to be exercised in full in a
cashless exercise effective immediately prior to and contingent
upon the consummation of such fundamental transaction.  Each
Warrant is exercisable from the date of issuance and has a term of
five years.

The Company may not effect the exercise of certain Common Warrants,
and the applicable holder will not be entitled to exercise any
portion of any such Common Warrant, which, upon giving effect to
such exercise, would cause the aggregate number of shares of Common
Stock beneficially owned by the holder of the Common Warrant
(together with its affiliates) to exceed 4.999% or 9.999%, as
applicable, of the number of shares of Common Stock outstanding
immediately after giving effect to the exercise, as such percentage
ownership is determined in accordance with the terms of the Common
Warrants.  However, any holder may increase or decrease such
percentage to any other percentage not in excess of 19.99% upon at
least 61 days' prior notice from the holder to the Company subject
to the terms of the Common Warrants.

On Dec. 23, 2019, in connection with the Purchase Agreement, the
Company entered into a Registration Rights Agreement with the
Investors.  Pursuant to the Registration Rights Agreement, the
Company agreed to prepare and file a registration statement with
the Securities and Exchange Commission within 45 days after the
closing of the Offering for purposes of registering the resale of
the Shares, shares of Common Stock issuable upon exercise of the
Warrants, and any shares of Common Stock issued as a dividend or
other distribution with respect to the Shares or shares of Common
Stock issuable upon exercise of the Warrants.  The Company agreed
to use its reasonable best efforts to cause this registration
statement to be declared effective by the SEC within 90 days after
the closing of the Offering (or within 120 days if the SEC reviews
the registration statement).

The Company has also agreed, among other things, to indemnify the
Investors, their officers, directors, members, employees and
agents, successors and assigns under the registration statement
from certain liabilities and to pay all fees and expenses
(excluding any legal fees of the selling holders, and any
underwriting discounts and selling commissions) incident to the
Company's obligations under the Registration Rights Agreement.
  
                   About Selecta Biosciences

Based in Watertown, Massachusetts, Selecta Biosciences, Inc. --
http://www.selectabio.com/-- is a clinical-stage biotechnology
company focused on unlocking the full potential of biologic
therapies based on its immune tolerance technology (ImmTOR)
platform.  Selecta plans to combine ImmTOR with a range of biologic
therapies for rare and serious diseases that require new treatment
options due to high immunogenicity.  The Company's current
proprietary pipeline includes ImmTOR-powered therapeutic enzyme and
gene therapy product candidates.  SEL-212, the Company's lead
product candidate, is being developed to treat chronic refractory
gout patients and resolve their debilitating symptoms, including
flares and gouty arthritis.  Selecta's proprietary gene therapy
product candidates are in preclinical development for certain rare
inborn errors of metabolism and incorporate ImmTOR with the goal of
addressing barriers to repeat administration.

Selecta Biosciences reported net losses of $65.33 million in 2018,
$65.32 million in 2017, and $36.21 million in 2016.  As of Sept.
30, 2019, the Company had $39.54 million in total assets, $44.46
million in total liabilities, and a total stockholders' deficit of
$4.91 million.

Ernst & Young LLP, in Boston, Massachusetts, the Company's auditor
since 2009, issued a "going concern" opinion in its report dated
March 15, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
recurring losses from operations and insufficient cash resources
and has stated that substantial doubt exists about the Company's
ability to continue as a going concern.


SGM FOODS: Unsecureds Creditors to Get 10% in 60 Months in Plan
---------------------------------------------------------------
SGM Foods, LLC, doing business as Mamma Luciana's, has a Chapter 11
reorganization plan that will be funded by the Debtor's new
business plan which includes creating an internet presence and
market foods of multiple nationalities for internet order placement
and delivery in the area.  In  addition, the Debtor will be
conducting F.R.B.P. Rule 2004 examinations of  Steven and Giorgios
Menexas in their individual capacities as well as their capacity as
representatives of Bay Terrace Plaza, LLC, Commack Plaza, LLC and
Atlantic Yards Plaza, LLC, which could result in recovery and
monies to fund the Debtor's Plan.

SGM Foods proposes to treat claims and interests as follows:

   * Class I Claim (Secured Claim of NewBank).  IMPAIRED.  Total
claim $300,289.63.  NewBank will retain its lien against the assets
of the Debtor and pursuant to the agreement between the Debtor and
NewBank, the Debtor shall remain current on its monthly obligations
of $2,000.00 per month to NewBank through the Effective Date of the
Plan and thereafter pay the balance through a refinance.

   * Class II Claim (Secured Claim of New York State).  IMPAIRED.
Total claim $164,138.37.  New York State will be paid the remaining
reduced amount in full in equal monthly installments of $1,632.33
over 84 months commencing on the Effective Date of the Debtor's
Plan, together with a current rate of interest.

   * Class III Claims (General Unsecured Creditor Claims).
IMPAIRED.  Total claim $430,009.63.  The claims of general
unsecured creditors will be paid 10 percent of their allowed claims
without interest in equal monthly installments of $716.68 over 60
months commencing on the Effective Date of the Debtor's Plan.

   * Class IV Interests (Insider Shareholder).  The Claim of the
Debtor's insider, Antonios Dagounakis, will be subordinated to the
claims of the general unsecured creditors and will receive no
distribution under the Plan.

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

Counsel for SGM Foods:

     THE LAW OFFICES OF KENNETH A. REYNOLDS, ESQ., P.C.
     105 Maxess Road, Suite 124
     Melville, New York 11747
     Tel: (631) 994-2220

                         About SGM Foods

SGM Foods, LLC d/b/a Mamma Luciana's, is a limited liability
company formed in 2015 under the laws of the State of New York and
is in the restaurant and  food services business.  It operates its
Italian eatery from a principal  business location of 15-11A
College Point  Blvd., College Point, New York.  

SGM Foods sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D.N.Y. Case No. 19-42140) on April 10, 2019.  On April
30, 2019, the case was reassigned from Judge Elizabeth S. Stong to
Judge Robert E. Grossman and was assigned a new case number (Case
No. 19-73116).  At the time of the filing, the Debtor had estimated
assets of less than $50,000 and liabilities of less than $1
million.  The Law Offices of Kenneth A. Reynolds, Esq., P.C., is
the Debtor's counsel.


SINTX TECHNOLOGIES: Reports 3rd Quarter Net Loss of $1.8 Million
----------------------------------------------------------------
SINTX Technologies, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
attributable to common stockholders of $1.79 million on $173,000 of
product revenue for the three months ended Sept. 30, 2019, compared
to a net loss attributable to common stockholders of $9.6 million
on $0 of product revenue for the same period in 2018.

For the nine months ended Sept. 30, 2019, the Company reported a
net loss attributable to common stockholders of $6.51 million on
$437,000 of product revenue compared to a net loss attributable to
common stockholders of $22.64 million on $0 of product revenue for
the nine months ended Sept. 30, 2018.

As of Sept. 30, 2019, the Company had $10.60 million in total
assets, $4.57 million in total liabilities, and $6.03 million in
total stockholders' equity.

The Company had an accumulated deficit of approximately $233
million and $229 million as of Sept. 30, 2019 and Dec. 31, 2018,
respectively.  To date, the Company's operations have been
principally financed by proceeds received from the issuance of
preferred and common stock, convertible debt and bank debt and, to
a lesser extent, cash generated from product sales.  It is
anticipated that the Company will continue to generate operating
losses and use cash in operating activities.  The Company's
continuation as a going concern is dependent upon its ability to
increase sales and/or raise additional funds through the capital
markets.  Whether and when the Company can attain profitability and
positive cash flows from operating activities or obtain additional
financing is uncertain.

                    Business Update and Recap

Dr. B. Sonny Bal, chairman and CEO provided the following update.

Recap of the past year-

Since divesting the spine retail business in late 2018, SINTX
transitioned from a spine implant manufacturer and seller, to an
advanced materials company focused on developing ceramic-based
solutions in a variety of medical and industrial applications.
Today, SINTX is well-positioned to leverage its knowledge and
technology to address a wider range of opportunities.

Spine Sales-

We remain committed to supporting our spine implants retail
partner, CTL-Amedica.  Sales of silicon nitride implants increased
in the 3rd quarter.  We have an excellent relationship with
CTL-Amedica and are working on new implants and designs to support
future sales and new markets.

All clinical and basic science data (more than 130 scientific
papers) continue to support the advantages of silicon nitride. Two
papers from a multi-center study have been accepted for
publication; these show excellent clinical outcomes with silicon
nitride in lumbar and cervical fusion, respectively.  Several other
clinical studies are pending publication, including favorable
lumbar fusion data from the European SNAP clinical study.

OEM Strategy-

Our OEM strategy is supported by Don Bray, an industry veteran who
is now our VP of Business Development.  Don brings deep knowledge
of ceramics, particularly in the industrial and defense sectors,
where SINTX seeks entry.  We have also retained an investment
banking advisory service to widen our outreach into the dental
market, where silicon nitride has unique advantages as the next
generation biomaterial, either as a coating, or as a stand-alone
component.

Consistent with the OEM strategy, SINTX has participated in
multiple trade shows, and continued an active R&D program, with
intellectual property filings and scientific publications. Multiple
potential partners are examining our business today, in the medical
and non-medical markets.  There is agreement that SINTX has a
superior technology platform that is well-proven, and answers
relevant needs.  Our goal is to commercialize this expertise to
generate revenues or execute a strategic event that positively
impacts shareholder value.

Future Outlook-

The key goals as we head into 2020 are to maintain our leadership
in silicon nitride technology and develop new OEM revenue
opportunities through strategic initiatives.  We will maintain
fiscal discipline, while making progress toward break-even cash
flow.

With multiple interested partners scrutinizing the Company,
established investment banking relationships, a broad technology
portfolio, an array of new technologies under development, and an
experienced team, we believe that SINTX Technologies has enormous
potential and a bright future.

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

                     https://is.gd/qLv1e1

                   About SINTX Technologies

Headquartered in Salt Lake City, Utah, SINTX Technologies --
https://ir.sintx.com/ -- is an OEM ceramics company that develops
and commercializes silicon nitride for medical and non-medical
applications.  The core strength of SINTX Technologies is the
manufacturing, research, and development of silicon nitride
ceramics for external partners.  The Company presently manufactures
silicon nitride spinal implants in its ISO 13485 certified
manufacturing facility for CTL-Amedica, the exclusive retail
channel for silicon nitride spinal implants.

The Company reported a net loss attributable to common stockholders
of $22.55 million for the year ended Dec. 31, 2018, compared to a
net loss attributable to common stockholders of $9.32 million for
the year ended Dec. 31, 2017.  As of March 31, 2019, the Company
had $10.25 million in total assets, $3.48 million in total
liabilities, and $6.77 million in total stockholder's equity.

Tanner LLC, in Salt Lake City, Utah, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
March 8, 2019, on the Company's consolidated financial statements
for the year ended Dec. 31, 2018, citing that the Company has
recurring losses from operations and negative operating cash flows
and needs to obtain additional financing to finance its operations.
These issues raise substantial doubt about the Company's ability
to continue as a going concern.


SKIP LLC: Hires W. Steven Shumway as Attorney
---------------------------------------------
Skip, LLC, seeks authority from the U.S. Bankruptcy Court for the
Eastern District of California to employ the Law Office of W.
Steven Shumway, as attorney to the Debtor.

Skip, LLC requires W. Steven Shumway to:

   a) advise and consult with the Debtor concerning questions
      arising in the conduct of the administration of the
      estate, and concerning the Debtor's rights and remedies
      with regard to the estate's assets and the claims of
      secured, preferred and unsecured creditors and other
      parties in interest;

   b) appear for, prosecute, defend and represent the Debtor's
      interest in suits arising in or related to this case;

   c) appear for, prosecute, defend and represent the Debtor's
      interest in suits existing in California state courts;

   d) investigate and prosecute preference, fraudulent conveyance
      and other actions arising under the Trustee's avoiding
      powers;

   e) assist and advise the Debtor in the investigation and
      collection for the estate of any outstanding accounts
      receivable, deposits or causes of action which may be
      reasonably obtainable; and

   f) assist in the preparation of such schedules, statements,
      pleadings, motions, notices and orders as are required for
      the orderly administration of this estate, and to
      consult with and advise the Debtor in connection with the
      operation of the business of the Debtor.

W. Steven Shumway will be paid at these hourly rates:

     Attorneys                $325
     Paralegals                $70

The Debtor paid W. Steven Shumway in the amount of $1,717 for the
filing fee, and $1,283 for services rendered.

W. Steven Shumway will also be reimbursed for reasonable
out-of-pocket expenses incurred.

W. Steven Shumway, the firm's founding partner, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

W. Steven Shumway can be reached at:

     W. Steven Shumway, Esq.
     LAW OFFICE OF W. STEVEN SHUMWAY
     3400 Douglas Blvd., Suite 250
     Roseville, CA 95661
     Tel: (916) 789-8821
     Fax: (916) 789-2083
     E-mail: sshumway@shumwaylaw.com

                        About Skip LLC

Skip, LLC, filed a Chapter 11 bankruptcy petition (Bankr. E.D. Cal.
Case No. 19-26679) on Oct. 28, 2019, estimating under $1 million in
both assets and liabilities.  The Law Office of W. Steven Shumway
is the Debtor's counsel.



SOLARWINDS HOLDINGS: S&P Upgrades ICR to 'B+' on Improved Leverage
------------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on information
technology infrastructure management software provider SolarWinds
Holdings Inc., to 'B+' from 'B'. S&P raised its issue-level ratings
on the company's senior secured first-lien debt to 'B+' from 'B'
and its '3' recovery rating remains unchanged.

S&P based the upgrade on its assessment of SolarWinds' improved
leverage profile, with its September 2019 quarter representing the
third sequential quarter where leverage has been below 5x. S&P now
expects leverage to be around 4.5x by fiscal year-end 2019, and 4x
in 2020. In addition, although SolarWinds has not committed to a
specific leverage target since its initial public offering (IPO)
and financial sponsors still retain 84% of the equity, S&P believes
the incentive exists to maintain leverage at these levels given the
public stockholders. Therefore, with leverage currently at 4.6x,
which S&P expects will improve to 4x at fiscal year-end 2020, the
rating agency views an upgrade is warranted and use a positive
1-notch comparable rating analysis adjustment to reflect the
improved leverage.

S&P's stable outlook on SolarWinds Holdings Inc. reflects its view
of the company's strong operating profitability and high recurring
revenue resulting from its maintenance and subscription business
model, and our expectation that it will continue to generate strong
FOCF over the next 12 months while maintaining leverage below 5x.

"We could raise the rating through an improved financial risk
assessment should leverage be sustained below the mid-4x area and
the company publicly commits to maintaining leverage at this level
through future debt issuances," S&P said.

"We could lower the rating if increased competition from
cloud-native providers leads to declines in customer renewals in
its cloud-solution segment along with unexpected deterioration in
its on-premise solutions that lead to leverage above 6x.
Additionally, given the majority private-equity ownership of
Solarwinds, we may lower the rating should its sponsors
aggressively use debt for shareholder returns or to fund additional
M&A," the rating agency said.


SOUTHERN FOODS: Selling Non-Core Discrete Assets for $18.4M
-----------------------------------------------------------
Southern Foods Group, LLC, and its debtor-affiliates ask the U.S.
Bankruptcy Court for the Southern District of Texas to authorize
the sale of non-core discrete assets (Braselton Assets, Huntley
Assets and Lynn Assets) pursuant to their Prepetition Sale
Agreements for an aggregate price of $18.37 million.

Contemporaneous with the Motion, the Debtors filed motions asking
entry of orders providing for (a) the retention of Evercore Group
L.L.C. as investment banker for the Debtors to, among other things,
pursue a marketing process for the sale of all or substantially all
of their assets and operations ("Going Concern Sale"); and (b) the
establishment of procedures for the sale of de minimis assets free
and clear of liens, claims, interests, and encumbrances and the
abandonment of property ("De Minimis Sale Motion").  As further
described in such motions, the Debtors believe the relief requested
therein is necessary to maximize the value of their estates for the
benefit of all stakeholders.  

However, separate and apart from any Going Concern Sale and without
interruption to any Going Concern Sale, the Debtors, in the
ordinary course of their operations, are constantly re-evaluating
their substantial real estate and manufacturing footprint, which
includes a portfolio of approximately 70 plants in a multitude of
locations and comprises approximately 675 facilities, to maximize
the efficiency and economics of their operations.

As a natural part of that process, prior to the Petition Date,
certain of the Debtors commenced several marketing and sale
initiatives for individual, non-core, non-operational plants or
facilities, or components thereof, that are no longer being used
for the Debtors' operations.  These initiatives included robust
marketing efforts since 2018, all managed by a professional broker,
and resulted in the Debtors receiving offers from the Purchasers
for the Assets that were subsequently memorialized in the
Prepetition Sale Agreements entered into prior to the Petition Date
by the Debtors and the Purchasers.  

The Debtors, in their reasonable business judgement and upon the
advice of their advisors, believe that the Prepetition Offers
constitute the highest and best available offers for such Assets
and would allow the Debtors to maximize value for the benefit of
their estates.  Accordingly, the Debtors, upon consultation with
their advisors, have filed the Motion asking approval of the 363
Sales and to take any and all necessary and appropriate actions to
consummate such transactions in accordance with the Prepetition
Sale Agreements.

As set forth, prior to the Petition Date, the Debtors agreed to
sell those certain combined plant and depot parcels located at
11710-11718 Mill Street, Huntley IL for a purchase price of $2.1
million to Country Delight, Inc. pursuant to that certain Real
Estate Sale Contract, dated as of May 28, 2019, by and between
Country Delight and Debtor Dean Dairy Holdings, LLC (as amended,
restated, amended and restated, and supplemented from time to time
in accordance with the terms thereof).  The Debtors employed
Cushman & Wakefield as the broker to market the property in
starting September 2018 pursuant to that certain Listing Agreement
for Sale, dated as of June 21, 2018, by and between Dean Dairy
Holdings, LLC and the Broker.  Country Delight is one of the
Debtors' largest distributors in the region and, therefore, the
transaction represents both the best opportunity to monetize the
Huntley Assets and a prudent strategic transaction with a valued
commercial counterparty.

Prior to the Petition Date, the Debtors agreed to sell that certain
facility located at 626 & 680 Lynnway, Lynn, MA for a purchase
price of $10.6 million to AW Perry, Inc. pursuant to that certain
Real Estate Sale Contract, dated as of April 23, 2019, by and
between AW Perry and Debtor Garelick Farms, LLC (as amended,
restated, amended and restated, and supplemented from time to time
in accordance with the terms thereof).  The Debtors employed the
Broker to market the property starting in September 2018 pursuant
to that certain Listing Agreement for Sale, dated as of July 1,
2018, by and between Garelick Farms, LLC and the Broker (as
amended, restated, amended and restated, and supplemented from time
to time in accordance with the terms thereof).  AW Perry a
well-established developer of industrial property in the Boston
area and has extensive experience dealing with environmentally
impacted properties.

Prior to the Petition Date, the Debtors agreed to sell that certain
facility located at 1160 Broadway Avenue, Braselton, GA for a
purchase price of $5.67 million to Federal Investment Group, LLC
("FIG") pursuant to that certain Real Estate Sale Contract, dated
as of Sept. 5, 2019, by and between FIG and Debtor Mayfield Dairy
Farms, LLC (as amended, restated, amended and restated, or
supplemented from time to time in accordance with the terms
thereof.

The Debtors employed the Broker to market the property starting in
July 2018 pursuant to that certain Listing Agreement for Sale,
dated as of June 1, 2018, by and between Mayfield Dairy Farms, LLC
and the Broker (as amended, restated, amended and restated, and
supplemented in accordance with the terms thereof).  The Broker
marketed the Lynn Assets on a local, regional, and national basis,
and provided tours of the site to six interested parties.
Ultimately, the Debtors received two formal written offers and the
Debtors, upon due consideration and consultation with their
advisors, determined that FIG's offer of $5.67 million, which the
Debtors had negotiated up from an initial bid of $5.25 million,
represented the highest and best offer, particularly when factoring
in execution risks and strategic considerations.  Thereafter, the
Debtors negotiated and entered into the Braselton Sale Agreement
with FIG.  FIG is an experienced developer and commercial real
estate owner that also has significant experience in sale lease
back transactions involving new investment in the property to the
benefit of the seller/lessee.  

For the reasons set forth, the Debtors respectfully ask the Court's
approval of the 363 Sales pursuant to the Prepetition Sale
Agreements.   They ask authority to sell the Assets to the
Purchasers free and clear of any and all liens, claims, interests,
and other encumbrances.

Pursuant to each of the Listing Agreements, the Debtors agreed to
pay the Broker a commission of 5% of the gross sale price of the
applicable Assets upon the closing of the applicable 363 Sale.  In
addition, the Debtors have agreed to pay such other commissions
contracted for between the respective Purchasers and their real
estate brokers with respect to the Huntley Assets and Lynn Assets.
The Debtors selected the Broker and executed the Listing Agreements
in accordance with their fiduciary duties.  Without the Broker, the
Debtors would not have been able to ensure that they had identified
the highest and best offers, which would have harmed both the
Debtors' estates and stakeholders.

The Debtors also ask that the Court waives the 14-day stay imposed
by Bankruptcy Rule 6004(h), as the exigent nature of the relief
sought justifies immediate relief.

A hearing on the Motion was set for Dec. 20, 2019 at 9:00 a.m.
(CDT).

A copy of the Agreements is available at
https://tinyurl.com/rcx9v9u from PacerMonitor.com free of charge.

                 About Southern Foods Group

Southern Foods Group, LLC, d/b/a Dean Foods, is a food and beverage
company and a processor and direct-to-store distributor of fresh
fluid milk and other dairy and dairy case products in the United
States.

The Company and its 40+ affiliates filed for bankruptcy protection
on Nov. 12, 2019 (Bankr. S.D. Texas, Lead Case No. 19-36313).  The
petitions were signed by Gary Rahlfs, senior vice president and
chief financial officer.  Judge David Jones presides over the
cases.

The Debtors posted estimated assets and liabilities of $1 billion
to $10 billion.

David Polk & Wardell LLP serves as general bankruptcy counsel to
the Debtors, and Norton Rose Fulbright US LLP serves as local
counsel. Alvarez Marsal is financial advisor to the Debtors,
Evercore Group LLC is investment banker, and Epiq Corporate
Restructuring LLC is notice and claims agent.


STAPLES INC: S&P Alters Outlook to Negative, Affirms 'B+' ICR
-------------------------------------------------------------
S&P Global Ratings revised its outlook to negative and affirmed the
'B+' issuer credit rating on U.S.-based business-to-business office
supplies distributor Staples Inc.

A slow down in organic growth in the company's more cyclical
channels, combined with ongoing headwinds in the Staples.com and
core office supply businesses have anchored Staples' revenues.
These factors outweighed contributions from acquisitions, leading
to a lower-than-expected base of earnings. Revenues were up just
under 1% for the year-over-year period ended Nov. 2, 2019, in
contrast to expectations for mid-single digit percent growth for
the same period. The contraction in revenue growth and resulting
lower base of adjusted EBITDA prevented leverage from improving as
quickly as expected. In addition, elevated working capital usage
constrained free cash flow generation, limiting the amount
available to repay ABL borrowings and weakening free operating cash
flow to debt metrics.

The negative outlook reflects credit metrics that have deteriorated
from S&P's prior expectations and encompasses the risk that
revenues may not improve over the next 12 months, preventing
adjusted leverage from getting to the mid 5x area.

"We could consider a downgrade over the next 12 months if the pace
of revenue declines does not reverse or if it increases in
magnitude, if margin expansion stalls, or if working capital
remains a substantial cash usage, suppressing earnings and cash
flow generation and resulting in adjusted leverage in the high-5x
area and free operating cash flow to debt below the low to
mid-single-digit percentage area," S&P said.

"We would consider revising the outlook to stable if Staples stems
revenue declines, continues to expands margins and earnings, and
applies excess cash flow toward the reduction of ABL borrowings
such that adjusted leverage improves to the mid 5x area and free
cash flow to debt improves to the mid- to high-single-digit percent
area over the next twelve months," the rating agency said.


STARZ ACQUISITION: Final Cash Collateral Order Entered
------------------------------------------------------
Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Middle
District of Florida entered a final order authorizing Starz
Acquisition, LLC to use cash collateral for the payment of all
necessary operating expenses.

Each creditor with an alleged security interest in cash collateral
will have a perfected postpetition lien against cash collateral to
the same extent and with the same validity and priority as the
alleged prepetition lien, without the need to file or execute any
document as may otherwise be required under applicable
non-bankruptcy law.

The Debtor will grant to the Secured Creditors access to its
locations and the Prepetition Collateral for inspection. The Debtor
will also provide copies of monthly financial documents generated
in the ordinary course of business, and other information as the
Secured Creditors reasonably request with respect to its
operations.

                    About Starz Acquisition

Starz Acquisition, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-09370) on Oct. 1,
2019.  At the time of the filing, the Debtor was estimated to have
assets ranging between $100,001 and $500,000 and liabilities
ranging between $500,001 and $1 million.  Judge Caryl E. Delano
oversees the case.  The petition was signed by David L. Virginia,
managing member.  The Debtor is represented by Michael R. Dal Lago,
Esq., at Dal Lago Law.

The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case.



STWC HOLDINGS: Incurs $638,000 Net Loss for Quarter Ended Oct. 31
-----------------------------------------------------------------
STWC Holdings, Inc. filed its quarterly report on Form 10-Q,
disclosing a net loss (attributable to parent) of $638,483 on
$190,745 of revenue for the three months ended Oct. 31, 2019,
compared to a net loss (attributable to parent) of $703,230 on
$12,500 of revenue for the same period in 2018.

At Oct. 31, 2019, the Company had total assets of $1,142,992, total
liabilities of $3,131,173, and $1,988,181 in total stockholders'
deficit.

Erin Phillips, the Company's CEO, said, "Since inception, we have
not achieved profitable operations, and have cumulative losses
through October 31, 2019 of US$10.2 million.  The Company's losses
to date raise substantial doubt about the Company's ability to
continue as a going concern.  The Company's ability to continue as
a going concern is dependent upon the Company's achieving a
sustainable level of profitability.  The Company intends to
continue financing its future development activities and its
working capital needs largely from the private sale of the
Company's securities, with additional funding from other
traditional financing sources, including convertible term notes,
until such time that funds provided by operations are sufficient to
fund working capital requirements."

A copy of the Form 10-Q is available at:

                       https://is.gd/WdWWmM

STWC Holdings, Inc. provides fulfillment services to medical and
retail stores, and cultivation facilities in the regulated cannabis
industry in the United States. Its services include opportunity
assessment; application filing assistance; branding, marketing, and
administrative consulting; accounting and financial services;
compliance services; and providing loans to individuals and
businesses. The company was founded in 2012 and is based in
Lakewood, Colorado.



SVC: Chapter 11 Trustee Objects to Disclosure Statement
-------------------------------------------------------
Timothy W. Hoffman, the acting Chapter 11 Trustee of SVC's
bankruptcy estate, objects to the disclosure statement set forth in
the Combined Plan and Disclosure Statement Proposed by Sullivan
Family filed by Ross Sullivan and Kelleen Sullivan.

The Disclosure Statement provides that reorganized SVC will succeed
to the SVC Trustee's attorney/client privilege, and requires that
the SVC Trustee and his Court-approved counsel turn over to
reorganized SVC, the Sullivans, all information and material
protected from disclosure by the attorney/client privilege, as well
as all information and material that is the work product of the SVC
Trustee’s counsel.

The SVC Trustee objects to turnover of any information or material
that is protected from disclosure by the attorney-client privilege
or the attorney work product doctrine.

With respect to the treatment of Class 2 - Trade Creditors, the SVC
Trustee asserts that the Disclosure Statement should address the
following:

  * Whether the Intercompany Stipulation described on page 9 of the
Disclosure Statement, which the Court has now approved, impacts the
dividend to unsecured creditors in Class 2.

  * If Class 2 creditors stand to receive less than a 100%
dividend, then the Disclosure Statement should provide an estimated
dividend.

  * If Class 2 creditors will receive 100% of their allowed claims,
then why will they not receive post-petition interest, as they
would be entitled to in a chapter 7 liquidation?  If there is some
purpose for withholding post-petition interest other than
artificially impairing Class 2 in order to create a consenting,
impaired class, then it should be disclosed.

A full-text copy of the objection is available at
https://tinyurl.com/vp5lklr from PacerMonitor.com at no charge.

SVC Chapter 11 Trustee is represented by:

         Aron M. Oliner
         Geoffrey A. Heaton
         DUANE MORRIS LLP
         One Market Plaza
         Spear Street Tower, Suite 2200
         San Francisco, CA 94105-1127
         Telephone: (415) 957-3000
         Facsimile: (415) 957-3001
         E-mail: roliner@duanemorris.com

                   About Sullivan Vineyards

SVP (formerly known as Sullivan Vineyards Partnership), owned land
at 1090 Galleron Road, Rutherford, California (the "Winery
Property"). SVC, formerly known as Sullivan Vineyards corporation,
is a California corporation formed in 1987 to own and operate the
business located at the Winery Property known as Sullivan
Vineyards. As is common in the wine industry, the entities used a
parallel partnership and corporation structure, with SVP owning the
land and SVC owning the winery business. Together with their five
children, parents Joanna Sullivan and James O'Neil Sullivan began
Sullivan Vineyards as a family business.  

Sullivan Vineyards Corporation filed a Chapter 11 petition (Bankr.
N.D. Cal. Case No. 17-10065), on Feb. 1, 2017, estimating assets at
$1 million to $10 million and liabilities at $10 million to $50
million at the time of the filing.

Sullivan Vineyards Partnership sought protection under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 17-10067) on Feb.
2, 2017, disclosing $18.99 million in assets and $14.27 million in
liabilities.

The case is assigned to Judge Alan Jaroslovsky.

The Debtors are represented by Steven M. Olson, Esq., at the Law
Office of Steven M. Olson.  

At a hearing on Aug. 21, 2017, the Court ordered the appointment of
a chapter 11 trustee in both cases.  Thereafter, the Office of the
United States Trustee selected Timothy Hoffman to be the Trustee of
both estates. Later, Mr. Hoffman resigned from his position in the
Bankruptcy Case, at which point Andrea Wirum was appointed to serve
as the chapter 11 trustee for this Bankruptcy Case

On Nov. 10, 2017, Mr. Hoffman filed a Motion to Sell Real and
Personal Property Assets, by which the Trustee sold to Vite USA,
Inc., substantially all of the Debtor's real and personal property
assets related to the Winery Property. The Bankruptcy Court granted
the Sale Motion at a hearing on Dec. 11, 2017.  On Jan. 10, 2018,
the sale closed.  

In connection with the closing of the sale, Finn and WR (together,
the "Finn Creditors") were paid total consideration of $17,798,405,
which sum included $2,647,834 of attorneys' fees and other costs,
in addition to principal and interest.


TARONIS TECHNOLOGIES: Signs Exchange Agreements with Investors
--------------------------------------------------------------
Taronis Technologies, Inc., and certain Series G & H-1 Investors
entered into exchange agreements on Dec. 23, 2019, pursuant to
which the Series G & H-1 Investors have agreed to exchange all the
issued and outstanding Series G Preferred Shares and Series H-1
Preferred Shares and relinquish any and all rights thereunder, for
5,500 shares of the Company's newly authorized Series G-1
Convertible Preferred Stock, par value $0.001 per share.  The
Company anticipated that the closing of the Exchange will occur on
or about Dec. 26, 2019, subject to customary closing conditions.

As previously disclosed on a current report on Form 8-K filed with
the SEC on Nov. 15, 2019, Taronis entered into a securities
purchase agreement dated Nov. 13, 2019 with certain institutional
investors pursuant to which the Company sold to each Series G
Investor, among other securities, an aggregate of 3,500 shares of
Series G Convertible Preferred Stock.  The Series G Preferred
Shares had a fixed conversion price of $2.25 and were convertible
into an aggregate of 1,555,556 shares of common stock, par value
$0.001 per share, of the Company.  As previously disclosed on a
current report on Form 8-K filed with the SEC on Dec. 13, 2019, the
Company entered into a Securities Purchase Agreement dated Dec. 12,
2019 with institutional investors pursuant to which the Company
sold to each Series H-1 Investor, among other securities, an
aggregate of 2,000 shares of Series H-1 Preferred Stock.  The
Series H-1 Preferred Shares were not convertible into shares of
Common Stock.

             Series G-1 Convertible Preferred Stock

The Company will designate in a Certificate of Designations,
Preferences and Rights of Series G-1 Convertible Preferred Stock a
new class of preferred stock as "Series G-1 Convertible Preferred
Stock" in the aggregate amount of 5,500 shares with each Series G-1
Preferred Share having a stated value of $1,000. At the closing of
the Exchange (as defined in the Certificate of Designation), the
Company will issue 5,500 Series G-1 Preferred Shares.

Subject to certain conversion limitations, at any time or times on
or after the issuance date, any holder will be entitled to convert
any portion of the outstanding and unpaid Conversion Amount (as
defined in the Certificate of Designation) into fully paid and
nonassessable shares of Common Stock at the Conversion Rate (as
defined in the Certificate of Designation).

On Jan. 31, 2020, the Company shall redeem in the aggregate on such
date 2,000 Series G-1 Preferred Shares (or such lesser amount of
shares outstanding) by paying to the holders cash, by wire transfer
of immediately available funds in an amount equal to the Conversion
Amount being redeemed.  If any Series G-1 Preferred Shares remain
outstanding on the Maturity Date (as defined in the Certificate of
Designation), the Company shall redeem such Series G-1 Preferred
Shares in cash in an amount equal to the Conversion Amount for each
such Series G-1 Preferred Share.

The Series G-1 Preferred Shares will mature on Nov. 16, 2020 and
include an optional redemption right, which means that any time or
times after May 15, 2020, the holders have the right to require
that the Company redeem all or any portion of the conversion amount
of such holder's Series G-1 Preferred Shares then outstanding, upon
proper notice, in cash.  The Company also has the right to redeem
all, but not less than all, of the Series G-1 Preferred Shares, in
cash, at any time.

The holders of the Series G-1 Preferred Shares will have the right
to vote with holders of common stock at stockholder meetings, or by
written consent, as if the Series G-1 Preferred Shares were
converted at an assumed conversion price of $1.91 per share.

The holders of Series G-1 Preferred Shares shall be entitled to
receive dividends, when and as declared by the Board, from time to
time, in its sole discretion.  From and after the occurrence of a
Triggering Event (as defined in the Certificate of Designation)
until such time as all Triggering Events then outstanding are
cured, the holders shall be entitled to receive dividends at a rate
of eighteen percent (18.0%) per annum, which dividends shall be
computed on the basis of a 360-day year and twelve 30-day months
and shall compound each calendar month.

Upon a delisting of the Company's common stock from the Nasdaq
Capital Market, the conversion price will be adjusted from $2.25
per share to equal the lowest of (i) the Fixed Conversion Price,
(ii) the lowest volume weighted average price of the common stock
during the four trading days immediately prior to any date of
conversion by a holder, and (iii) either, if any Series G-1
Preferred Shares is converted during normal trading hours, the bid
price at the time of conversion, and if converted after normal
trading hours, the volume weighted average price of the common
stock on the date of conversion.

Upon the occurrence of a Triggering Event, the holder may require
the Company to redeem all or any of the Series G-1 Preferred Shares
in cash by wire transfer of immediately available funds at a price
equal to the greater of (x) 118% of the Conversion Amount being
redeemed and (y) the product of (A) the Conversion Amount being
redeemed and (B) the quotient determined by dividing (I) the
greatest Closing Sale Price of the shares of Common Stock during
the period beginning on the date immediately preceding such
Triggering Event and ending on the date such Holder delivers the
Triggering Event Redemption Notice, by (II) the lowest Conversion
Price in effect during such period.

                     Termination Agreement

As previously disclosed on a current report on Form 8-K filed with
the SEC on Dec. 10, 2019, the Company entered into a Securities
Purchase Agreement dated Dec. 9, 2019 with certain institutional
investors pursuant to which the Company agreed to issue and sell to
each Series H Investor, and each Series H Investor severally, but
not jointly, agreed to purchase from the Company 29,412 shares of
Series H Convertible Preferred Stock at a price of $850 per share
of Series H Convertible Preferred Stock, and warrants to purchase
approximately 19,608,001 shares of Common Stock for a total gross
purchase price of $25,000,000. The closing of the Offering was
contemplated to occur on or around Jan. 31, 2019 and was subject to
being approved by the Company's shareholders at the Company's 2019
Annual Meeting.

On Dec. 23, 2019, the Company and the Series H Investors entered
into Termination Agreements, pursuant to which the Company and the
Series H Investors relinquish their respective rights under the
Series H SPA.  The Company deemed it in the best interest of the
Company to terminate the Series H SPA and, in order to induce the
Series H Investors to agree to such termination, the Company
granted to the Series H Investors warrants to purchase up to
4,750,000 shares of Common Stock pursuant to the terms of the Form
of Termination Agreement and Form of Warrant.

In connection with the Termination Agreements, the Company agreed
to compensate Bradley Woods & Co. and its permitted assignees
500,000 warrants to purchase Common Stock, for providing strategic
consulting advice in the capital markets and in connection with the
transactions contemplated by the Termination Agreements.
  
                            Warrants

Pursuant to the terms of the Form of Termination Agreement and Form
of Warrant attached thereto, the Company granted the Series H
Investors warrants to purchase up to 4,750,000 shares of Common
Stock.  The Warrants will be exercisable, in whole or in part,
which at any time or times on or after the six month anniversary of
the Issuance Date, at an exercise price of $1.00 per share. The
Warrants will be exercisable for 60 months following the Initial
Exercisability Date.

If on or after the Initial Exercisability Date, a registration
statement under the 1933 Act registering the resale of the shares
of Common Stock underlying the Warrants is not available for the
resale of such Unavailable Warrant Shares, the Series H Investors
may exercise the Warrants by means of a "cashless exercise".
Subject to limited exceptions, a holder of Warrants will not have
the right to exercise any portion of its Warrants if such holder,
together with its affiliates, would beneficially own in excess of
4.99% (or, at the election of the holder, 9.99%) of the number of
shares of Common Stock outstanding immediately after giving effect
to such exercise; provided, however, that each holder may increase
or decrease the Beneficial Ownership Limitation by giving notice to
the Company; provided, however, that any increase of the Beneficial
Ownership Limitation will only take effect upon 61 days' prior
notice to the Company, but not to any percentage in excess of
9.99%.

The Exercise Price and number of Warrant Shares issuable upon the
exercise of the Warrants will be subject to adjustment in the event
of any stock dividends, forward or reverse stock split,
recapitalization, reorganization or similar transaction, as
described in the Warrants.

Total gross proceeds to the Company, assuming full exercise of the
Warrants by payment of the exercise price in cash will be
$4,750,000.

              Amendments to Articles of Incorporation

In connection with the Exchange Agreement, prior to the Closing
Date of the Exchange, the Company shall file the Certificate of
Designation with the Secretary of State for the State of Delaware.
The Certificate of Designation shall designate a new class of
preferred stock as "Series G-1 Convertible Preferred Stock" in the
aggregate amount of 5,500 shares.  The Series G-1 Preferred Shares
will have a stated value of $1,000 per share of Series G-1
Preferred Shares and an initial Conversion Price as described
Section 5(b)(ii) of the Certificate of Designation.  

                      Taronis Fuels Spin-Off

On Dec. 5, 2019, the Company completed the spin-off of its
wholly-owned subsidiary Taronis Fuels, Inc.

                    About Taronis Technologies

Clearwater, Florida-based Taronis Technologies Taronis
Technologies, Inc. (TRNX) owns a patented plasma arc technology
that enables two primary end use applications for fuel generation
and water decontamination.  The Company's fuel technology enables a
wide use of hydrocarbon feedstocks to be readily converted to
fossil fuel substitutes.  The Company is developing a wide range of
end market uses for these fuels, including replacement products for
propane, compressed natural gas and liquid natural gas.  The
Company currently markets a proprietary metal cutting fuel that is
highly competitive with acetylene.  The Company distributes its
proprietary metal cutting fuel through independent distributors in
the U.S and through its wholly owned distributors: MagneGas Welding
Supply - Southeast, LLC, MagneGas Welding Supply - South, LLC, and
MagneGas Welding Supply - West, LLC.  The Company operates 22
locations across California, Texas, Louisiana, and Florida.

Taronis reported a net loss of $15.04 million in 2018 following a
net loss of $11.02 million in 2017.  As of Sept. 30, 2019, Taronis
had $47.76 million in total assets, $11.49 million in total
liabilities, and $36.27 million in total stockholders' equity.

Marcum LLP, in New York, NY, the Company's auditor since 2016,
issued a "going concern" qualification in its report dated April
12, 2019, citing that the Company has incurred significant losses,
continued to have negative cash flows from its operating
activities, 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.


TARRANT COUNTY SENIOR: Allowed to Use Cash Collateral Until Feb. 29
-------------------------------------------------------------------
Judge Stacey G. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas entered a final order authorizing
Tarrant County Senior Living Center, Inc.  to Use the Cash
Collateral of UMB Bank, N.A., in its capacity as bond trustee, upon
terms agreed to by the Debtor and the Trustee.  

The Debtor is allowed to use cash collateral and other cash
received by the Debtor in the ordinary course of operations of its
business, including all amounts currently held in the Debtor's
operating account at Banker's Trust, until the earlier of (i) the
Debtor's ability to use cash collateral terminates as the result of
the occurrence of a Termination Event or (ii) Feb. 29, 2020.

The Debtor stipulates that as of the Petition Date, the amounts due
and owing to the Trustee, under the Bonds and Bond Documents, are
not less than: (i) unpaid principal in the amount of $105,795,000;
(ii) accrued but unpaid interest on the Bonds in the aggregate
amount of $6,288,299, which interest continues to accrue on the
Bonds and will be added to the Bond Claim; and (iii) unliquidated,
accrued and unpaid reasonable fees and expenses of the Trustee and
its professionals incurred through the Petition Date. Such amounts
when liquidated shall be added to the Bond Claim.

On or before the 10th day of each month, the Debtor will pay to the
Trustee for deposit to the Bond Fund with respect to the
immediately preceding month, amounts representing the lesser of (a)
the monthly debt service payment due for such month with respect to
the Series 2009 Notes as set forth in the Bond Documents and (b) an
amount equal to 75% of any positive Forbearance Net Cash Flow for
the preceding month. However, such lesser amount will not exceed
the amount of unrestricted cash and investments cash of the Debtor
on the last day of the preceding month in excess of $5,464,000

In addition, the Trustee will have a valid, perfected, and
enforceable replacement lien and security interest in:

     (i) all assets of the Debtor existing on or after the Petition
Date of the same type as the Prepetition Collateral, together with
the proceeds, rents, products, and profits thereof, whether
acquired or arising before or after the Petition Date, to the same
extent, validity, perfection, enforceability, and priority of the
liens and security interests of the Trustee as of the Petition
Date; and

     (ii) all other assets of the Debtor of any kind or nature
whatsoever within the meaning of section 541 of the Bankruptcy
Code, whether acquired or arising prepetition or postpetition,
together with all proceeds, rents, products, and profits thereof.

Such Supplemental Collateral will be exclusive of causes of action
under Chapter 5 of the Bankruptcy Code and proceeds thereof with
the exception of any causes of action pursuant to section 542 of
the Bankruptcy Code. The Replacement Lien will be subject and
subordinate to only the Carve Out and any valid and perfected liens
existing on the Petition Date that are senior to Liens of the
Trustee against the Prepetition Collateral

The Trustee will also have a superpriority administrative expense
claim pursuant to section 507(b) of the Bankruptcy Code with
recourse to and payable from any and all assets of the Debtor's
estate, including but not limited to rights of the Debtor in,
choses in action, or claims of any kind whatsoever, choate or
inchoate, present or residual that for any reason cannot be made
the subject of the Replacement Lien.

            About Tarrant County Senior Living Center

Incorporated in 2006, Tarrant County Senior Living Center, Inc.,
doing business as The Stayton at Museum Way --
https://www.thestayton.com/ -- is a not-for-profit corporation that
has built a senior living retirement community in Fort Worth,
Texas.  Stayton operates a continuing care retirement community
that offers its senior residents a continuum of care in a
campus-style setting, providing living accommodations and related
health care and support services to a target market of individuals
aged 62 and older.

Stayton sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Tex. Case No. 19-33756) on Nov. 5, 2019.  In the
petition signed by CRO Louis E. Robichaux IV, the Debtor was
estimated to have assets ranging between $100 million and $500
million and liabilities of the same range.

The Hon. Stacey G. Jernigan is the case judge.

The Debtor tapped DLA Piper LLP (US) as bankruptcy counsel; Gilmore
Bell, Esq., as bond counsel; Louis E. Robichaux IV at Ankura
Consulting Group, LLC as chief restructuring officer; and EPIQ
Corporate Restructuring, LLC as claims and solicitation agent.



TERRA MILLENNIUM: S&P Affirms 'B' ICR, Alters Outlook to Negative
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on Terra
Millennium and revised the outlook to negative from stable. At the
same time, S&P affirmed its 'B' issue-level rating on the company's
senior secured credit facility.

S&P believes Terra Millennium has less than adequate liquidity,
with tightening covenant headroom over the next 12 months. Despite
the company's recent good operating performance, S&P expects Terra
Millennium's covenant headroom to become tight over the next
several quarters due to covenant step-downs next year. While S&P
recognizes Terra Millennium's business is not capital intensive,
the company's relatively minimal cash balance and limited revolver
availability impact the rating agency's view of liquidity.

Although S&P expects debt leverage to remain above 6x in the
near-term, the rating agency believes the company will meaningfully
improve in the second half of next year. S&P assumes nonrecurring
expenses associated with the arbitration event in the third quarter
of 2019 will drive higher-than-expected leverage over the near
term. However, S&P does not expect these expense to recur and
believe debt leverage will meaningfully improve in the second half
of 2020. In 2020, the rating agency expects the company will use
excess cash flow to pay down revolver borrowings, further reducing
leverage and improving its liquidity position.

The negative outlook on Terra Millennium reflects S&P's belief that
despite good top-line growth, the company could face tight covenant
cushions over the next several quarters and less than adequate
liquidity, with high leverage in the near-term. In fiscal 2020, S&P
expects free operating cash flow (FOCF) to debt will return to
positive territory.

"We could lower our ratings on Terra Millennium during the next 12
months if it appears likely that its FOCF to adjusted debt will
approach 0%, or that debt leverage will remain above 6x.
Alternatively we could lower the rating if liquidity is further
constrained. This could occur because of deterioration in the
company's EBITDA margins due to the loss of key projects, for
example," S&P said.

"We could revise the outlook on Terra Millennium to stable if it
appears the company's debt leverage will approach and remain near
5x, with FOCF to debt approaching 5%. In addition, we would expect
sufficient covenant headroom, either through increasing earnings or
an amendment to the credit agreement," the rating agency said.


TNR HOLDINGS: Seeks to Hire E.C. Otillio as Accountant
------------------------------------------------------
TNR Holdings, LLC, and its debtor-affiliates filed an amended
application with the U.S. Bankruptcy Court for the Eastern District
of Louisiana seeking approval to hire E.C. Otillio, Jr. CPA, LLC,
as accountant to the Debtors.

On October 3, 2019, the Debtors filed an Application for Order
Authorizing the Employment of E.C. Otillio. The Application was
granted by this Court on October 23, 2019.

The Debtors seek authority to increase the amount paid to E.C.
Otillio from $5,000 per month up to $7,500 per month.  The Debtors
further seek a court order authorizing E.C. Otillio to transfer the
funds received from the Debtors to its operating account prior to
filing a fee application.  In the alternative, allow E.C. Otillio
to file a fee application on a monthly basis instead of having to
wait 120 days to file a fee application.

E.C. Otillio will be paid at these hourly rates:

     Partner                  $175
     Accountants              $110
     Staffs                $35 to $50

E.C. Otillio, Jr., a partner at E.C. Otillio, Jr. CPA, LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

E.C. Otillio can be reached at:

     E.C. Otillio, Jr.
     E.C. OTILLIO, JR. CPA, LLC
     139 North Theard Street
     Covington, LA 70433
     Tel: (985) 871-0548
     Fax: (985) 871-0549

                      About TNR Holdings

TNR Holdings, LLC and its subsidiaries are privately held oil and
gas exploration and production companies. TNR Holdings, LLC (Bankr.
E.D. La. Case No. 19-12531) is the parent company and sole member
of Mesa Gulf Coast, LLC (Case No. 19-12533) and Tchefuncte Natural
Resources, LLC (Case No. 19-12532). Tchefuncte is the lessee of
certain oil and gas fields located in South Louisiana, and the
owner of the oil and gas wells.  Mesa is the "Operator" of record
for the applicable wells in the fields.  Certain wells in a certain
field called the Valentine Field, however, are not operating at
maximum capacity and need repairs to optimize oil and gas
production.

On Sept. 20, 2019, the Debtors each filed a Chapter 11 petition
with the U.S. Bankruptcy Court for the Eastern District of
Louisiana (New Orleans) in an effort to repair and sell the
Valentine Field in order to pay down the debt owed to Hancock
Whitney Bank.  As of the Petition Date, the Debtors owe Hancock
Whitney Bank more than $5,158,508.

In the petitions signed by John Leonard, CEO, TNR Holdings LLC
listed total assets at $620 and total liabilities at $6,340,276;
Tchefuncte Natural Resources, LLC recorded total assets at
$2,142,249 and total liabilities at $5,445,742; and Mesa Gulf
Coast, LLC reported total asset at $856,101 and total liabilities
at $8,192,663.

Judge Meredith S. Grabill is assigned the Debtors' cases.

THE DERBES LAW FIRM, LLC, is counsel to the Debtors.


TRIUMPH GROUP: Moody's Reviews Caa1 CFR for Downgrade
-----------------------------------------------------
Moody's Investors Service placed its ratings for Triumph Group,
Inc. under review for possible downgrade, including the company's
Caa1 corporate family rating and Caa1-PD probability of default
rating, as well as the B3 rating on the senior secured second lien
notes and the Caa2 rating on the senior unsecured notes. The
speculative grade liquidity rating remains unchanged at SGL-3.

RATINGS RATIONALE

The review follows last week's announcements by Boeing and Spirit
AeroSystems that production on the 737 MAX program and aircraft
deliveries related thereto will cease effective January 2020, and
reflects the anticipated negative impact of this unexpected
development on Triumph's near-term liquidity profile, which remains
only marginally adequate in Moody's estimation in the event of a
prolonged shut-down. Moody's expects broad-based operational
disruption to ripple through much of the global aerospace supply
chain given the high-volume and large participation of companies
attached to the MAX program, with heightened financial risk for
Triumph given its exposure to the MAX, weak free cash flow profile,
and an already highly leveraged balance sheet.

Moody's review will primarily consider the financial impact of the
halt in production of the 737 MAX program, with a particular focus
on Triumph's near-term liquidity profile and its ability to
withstand what could potentially be not insignificant incremental
earnings and cash flow pressures -- potentially for a multi-month
period until aircraft production and deliveries resume -- and/or
the likelihood of support that Triumph might receive to bolster its
backstop liquidity provisions in the event of a more extensive
period of disruption.

The following summarizes the rating actions:

Issuer: Triumph Group, Inc.

Corporate Family Rating, Placed on Review for Downgrade, currently
Caa1

Probability of Default Rating, Placed on Review for Downgrade,
currently Caa1-PD

Speculative Grade Liquidity Rating, unchanged at SGL-3

Senior Unsecured Regular Bond/Debenture, Placed on Review for
Downgrade, currently Caa2 (LGD5)

Senior Secured Regular Bond/Debenture, Placed on Review for
Downgrade, currently B3 (LGD3)

Outlook, Changed to Ratings Under Review from Stable

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

Headquartered in Berwyn, Pennsylvania, Triumph Group, Inc. designs,
engineers, manufactures, repairs, overhauls and distributes a broad
portfolio of aero-structures, aircraft components, accessories,
subassemblies and systems. The company serves the commercial
aerospace (53% of sales), military (20%), business jet (23%) and
regional and other markets (4%). Pro forma revenues (after
completed divestitures) for the twelve months ended September 30,
2019 were approximately $2.8 billion.


U.S. FINANCIAL: Trustee Hires Cohen Baldinger as Attorney
---------------------------------------------------------
Merrill Cohen, the Chapter 11 Trustee of U.S. Financial Capital,
Inc., seeks authority from the U.S. Bankruptcy Court for the
District of Maryland to employ Cohen Baldinger & Greenfeld, LLC, as
attorney to the Trustee.

The Trustee requires Cohen Baldinger to:

   (a) provide the Trustee with legal advice with respect to
       his powers and duties in the continued operation of the
       Debtor's business and management of its property;

   (b) prepare on behalf of the Trustee necessary motions,
       applications, answers, orders, reports and other legal
       papers; and

   (c) perform all other legal services for the Estate which may
       become necessary in this case.

Cohen Baldinger will be paid at the hourly rates of $425 to $495.

Cohen Baldinger will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Merrill Cohen, partner of Cohen Baldinger & Greenfeld, LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Cohen Baldinger can be reached at:

     Merrill Cohen, Esq.
     Augustus T. Curtis, Esq.
     COHEN BALDINGER & GREENFELD, LLC
     2600 Tower Oaks Boulevard, Suite 103
     Rockville, MD 20850
     Tel: (301) 881-8300

                  About U.S. Financial Capital

US Financial Capital, Inc., is a privately-held company in
Columbia, Maryland, engaged in activities related to real estate.
It is the fee simple owner of 14 real estate properties having an
aggregate value of $1.38 million.

US Financial Capital sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 18-14018) on March 27,
2018.  In the petition signed by Ronald Talbert, chief operating
officer, the Debtor disclosed $1.38 million in assets and $13.92
million in liabilities.  The Debtor hired the Law Office of David
W. Cohen as its legal counsel.


UNITED BANCSHARES: Late 10-K Shows $25K Net Income in 2016
----------------------------------------------------------
United Bancshares, Inc. ("UBS") filed with the Securitie and
Exchange Commission on Dec. 24, 2019, its annual report on Form
10-K reporting net income of $24,537 on $2.59 million of total
interest income for the year ended Dec. 31, 2016, compared to a net
loss of $494,775 on $2.59 million of total interest income for the
year ended Dec. 31, 2015.

As of Dec. 31, 2016, United Bancshares had $53.61 million in total
assets, $50.95 million in total liabilities, and $2.66 million in
total shareholders' equity.

United Bancshares, Inc. is a holding company for United Bank of
Philadelphia.  UBS was incorporated under the laws of the
Commonwealth of Pennsylvania on April 8, 1993.  United Bancshares
became the bank holding company of the Bank, pursuant to the Bank
Holding Company Act of 1956, as amended, on Oct. 14, 1994.
The Bank commenced operations on March 23, 1992.  UBS provides
banking services through the Bank.  The principal executive offices
of UBS and the Bank are located at The Graham Building, 30 S 15th
Street, Suite 1200, Philadelphia, Pennsylvania 19102.  
As of Dec. 23, 2019, UBS and the Bank had a total of 18 employees.

                        Inadequate liquidity

UBS said, "The Bank may not be able to meet the cash flow
requirements of its customers who may be either depositors wanting
to withdraw funds or borrowers needing assurance that sufficient
funds will be available to meet their credit needs. While the Bank
actively manages its liquidity position and is required to maintain
minimum levels of liquid assets, rapid loan growth or unexpected
deposit attrition may negatively impact the Bank's ability to meet
its liquidity requirements.  The inability to increase deposits to
fund asset growth represents a potential liquidity risk.  The Bank
may need to reduce earning asset growth through the reduction of
current production, sale of assets and/or the participating out of
future and current loans.  This might reduce future earnings of the
Bank."

                           Consent Orders

On April 25, 2018, the Bank entered into stipulations consenting to
the issuance of amended and restated Consent Orders with the
Federal Deposit Insurance Corporation and the Pennsylvania
Department of Banking which serve as a prescriptive Restoration
Plan providing benchmarks for capital, earnings and asset quality.

As of Dec. 31, 2016, the Bank's tier one leverage capital ratio was
4.82% and its total risk based capital ratio was 9.08%.  These
ratios are below the levels required by the Consent Orders.

The Company said management is in the process of addressing all
matters outlined in the Consent Orders.  The Bank has increased the
participation of the Bank's Board of Directors in the Bank's
affairs and has established an oversight committee of the Board of
Directors of the Bank with the responsibility to insure the Bank's
compliance with the Consent Orders.  Management has developed the
written plans and policies required by the Consent Orders and will
continue to endeavor to comply with the terms and conditions of the
Orders.

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

                       https://is.gd/D458qW


VIANT MEDICAL: S&P Affirms 'B-' ICR on Refinancing Transaction
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on Viant
Medical Holdings Inc. and removed it from CreditWatch, where the
rating agency placed it with negative implications on Oct. 3, 2019.
The outlook is stable. S&P revised its liquidity assessment on the
company to adequate from weak.

At the same time, S&P assigned a 'B-' issue rating and a '3'
recovery rating to the new $120 million secured loan. In addition,
S&P affirmed its 'B-' issue rating on the existing first-lien term
loan and 'CCC' issue rating the outstanding second-lien term loan.
The recovery ratings remain '3' and '6', respectively.

Viant recently completed leverage-neutral refinancing transaction
has significantly improved its liquidity position, giving the
company more time and headroom to complete its revenue cycle
management system transition and improve profitability and cash
generation.

The refinancing transaction provides the company a meaningful
liquidity cushion as it completes the transition to a new revenue
cycle management system in Advanced Surgical & Orthopedics (AS&O)
business.  Following the acquisition of the AS&O business from
Integer Holdings Corp. in June 2018, the company transitioned that
business to a new revenue cycle management (RCM) system that went
live in May 2019. Operating problems led to a material erosion of
liquidity in the second and third quarters of 2019, mainly due to a
significant slowdown in collections as well as other investments
necessary to complete the transition to the new RCM.

The stable outlook reflects S&P's expectation that contract wins
and gradual EBITDA expansion will support deleveraging and positive
free cash flow generation toward the end of 2020.

"We could lower the rating on Viant if the company faces sustained
free cash flow deficits, which may indicate that its capital
structure is unsustainable. This scenario would entail
lower-than-expected organic revenue growth and limited or no margin
expansion through 2020. Alternatively, we may consider a negative
rating action if the company's liquidity position deteriorates,
stemming from operational challenges, as happened earlier this
year," S&P said.

"We could raise our rating on Viant if we believe it will generate
a free operating cash flow to debt of more than 2.5% on a sustained
basis, which we believe would coincide with a reduction in its
adjusted debt leverage to the 6x area," the rating agency said.


WALKER INVESTMENT: Seeks Authorization to Use Cash Collateral
-------------------------------------------------------------
Walker Investment Properties, LLC, seeks authorization from the
U.S. Bankruptcy Court for the Southern District of Mississippi to
use cash collateral in the ordinary course of its business.

Walker Investment proposes to use cash collateral in which BankPlus
has or asserts an interest so that is may pay all necessary
operating expenses of its business including payments to BankPlus,
paying utilities, and paying day-to-day operating expenses, etc.

BankPlus is a secured creditor holding liens on Debtor's accounts,
accounts receivable, rents, leases and personal property. BankPlus
also holds a mortgage on the real property located at 2648
Ridgewood Road, Jackson, Mississippi. The building on the property
has an approximate market value of $385,000. The total amount owed
to BankPlus is the approximate amount of $350,000.

Walker Investment Properties, LLC is a privately held real estate
investment company in Madison, Mississippi.  The company sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Miss. Case No. 19-11775) on Dec. 4, 2019.  The petition was signed
by Andrew C. Walker, manager/member.  At the time of filing, the
company was estimated to have assets under $50,000 and liabilities
under $10 million.  The case is assigned to Judge Neil P. Olack.
The company tapped R. Michael Bolen, Esq. at HOOD & BOLEN, PLLC as
counsel.


WHITE STAR: Blue Mtn Buying De Minimis Assets for $112.4K
---------------------------------------------------------
White Star Petroleum Holdings, LLC, and its debtor-affiliates ask
the U.S. Bankruptcy Court for the Western District of Oklahoma to
authorize the sale of all of the Covered Leases not previously sold
to Contango Oil & Gas Co., which comprise approximately 1,123.58
net acres, to Blue Mtn Exploration, LLC for approximately
$112,358.

On Sept. 30, 2019, the Court entered an order, which authorized the
Debtors to sell substantially all of their assets to Contango for a
purchase price of $132.5 million, subject to customary adjustments,
on the terms set forth in the relevant transaction documents.  The
Contango Transaction closed on Nov. 1, 2019.

Prior to the Petition Date, the Debtors routinely and in the
ordinary course of business sold or, when necessary, otherwise
disposed of non-core assets that were obsolete, burdensome or of
little or no usable value to their estates.  One of these assets is
their leasehold ("Covered Leases") covering the Hoover Formation,
Endicott Formation, Tonkawa Formation, Perry Formation, Cottage
Grove Formation, Hogshooter, Layton Formation, Cleveland, Big Lime,
Prue, Skinner, Red Fork, Bartlesville, Hunton, and Wilcox
reservoirs within the AMI identified in the Data License and
Purchase Option Agreement, dated as of Feb. 25, 2019, by and
between Debtor WSTR and Blue Mtn.  The Debtors had identified this
prior to the consummation of the Contango Transaction and expressly
carved it out from the sale to Contango.

The Debtors have agreed to sell all of the Covered Leases not
previously sold to Contango, which comprise approximately 1,123.58
net acres, to Blue Mtn for approximately $112,358.00 pursuant to
the Agreement.  The Debtors ask authorization to sell the Covered
Leases to Blue Mtn.  

The proposed sale of the Covered Leases provides for an efficient
and orderly process to consummate a sale that provides the highest
or otherwise best offer reasonably available.  The Covered Leases
are no longer needed in any way for the administration of these
chapter 11 cases and represent a small fraction compared to the
value of the Debtors' estates as a whole.  The sale of the Covered
Leases will enable the Debtors to defray or avoid any operational,
carrying, storage or other expenses associated with the Covered
Leases.  Accordingly, the sale of the Covered Leases should be
approved because, under the circumstances, they are reasonable,
appropriate and in the best interests of the Debtors and their
estates and stakeholders.

In light of the Sale and the Debtors' current financial condition,
the proposed sales contemplated herein should be consummated as
soon as practicable to allow the Debtors to maximize value for
their estates and creditors.  Accordingly, the Debtors request that
the order approving the sale of the Covered Leases be effective
immediately upon entry and that the 14-day stay imposed by
Bankruptcy Rules 6004(h) and 6006(d) be waived.

Objections, if any, must be filed within 21 days from the date of
Notice.

               About White Star Petroleum Holdings

White Star Petroleum Holdings, LLC and its subsidiaries --
http://www.wstr.com/-- are engaged in the acquisition,
development, exploration and production of oil, natural gas and
natural gas liquids located in the Mid-Continent region in the
United States.  The Debtors are headquartered in Oklahoma City and
employ 169 people.  As of December 2018, the Debtors owned 315,000
net leasehold acres, primarily in Creek, Dewey, Garfield, Lincoln,
Logan, Noble, and Payne counties of Oklahoma.

White Star Petroleum Holdings, LLC, and its subsidiaries sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 19-11179) on May 28, 2019.  The cases were
transferred to the U.S. Bankruptcy Court for the Western District
of Oklahoma on June 21, 2019.  White Star Petroleum Holdings' case
was assigned a new case number (Case No. 19-12521).   

At the time of the filing, the Debtors were estimated to have
assets of between $500 million and $1 billion and liabilities of
between $100 million
and $500 million.

Judge Janice D. Loyd oversees the cases.

The Debtors tapped Sullivan & Cromwell LLP as bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as Sullivan's co-counsel;
Guggenheim Securities, LLC as investment banker; Alvarez & Marsal
North America, LLC as restructuring advisor; and Kurtzman Carson
Consultants LLC as claims and noticing agent.


WP CPP HOLDINGS: Moody's Reviews B3 CFR for Downgrade
-----------------------------------------------------
Moody's Investor's Service placed its ratings for WP CPP Holdings,
LLC under review for downgrade, including the company's B3
corporate family rating and B3-PD probability of default rating, as
well as the current B2 and Caa2 senior secured first and second
lien debt ratings, respectively.

RATINGS RATIONALE

The review follows last week's announcements by Boeing and Spirit
AeroSystems, Inc. that production on the 737 MAX program and
aircraft deliveries related thereto will cease effective January
2020, and reflects the anticipated negative impact of this
unexpected development on CPP's near-term liquidity profile, which
remains weak in Moody's estimation. Moody's expects broad-based
operational disruption to ripple through much of the global
aerospace supply chain given the high-volume and large
participation of companies attached to the MAX program, with
heightened financial risk for CPP given its weak free cash flow
profile and an already highly leveraged balance sheet.

Moody's review will primarily consider the financial impact of the
halt in production of the 737 MAX program, but also a more
broad-based assessment of CPP's near- and medium-term liquidity
profile in the context of the company's considerable near-term
execution challenges as it continues to qualify and develop new
products while ramping up production on several platforms, and its
ability to withstand what could potentially be not insignificant
incremental earnings and cash flow pressures -- potentially for a
multi-month period until aircraft production and deliveries resume.
Moody's will also assess the likelihood of support that the company
might receive to bolster its backstop liquidity provisions in the
event of a period of extended disruption.

The following summarizes the rating actions:

Issuer: WP CPP Holdings, LLC

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

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

Senior Secured Bank Revolving Credit Facility, Placed on Review for
Downgrade, currently B2 (LGD3)

Senior Secured Term Loan B, Placed on Review for Downgrade,
currently B2 (LGD3)

Senior Secured Delayed Draw Term Loan, Placed on Review for
Downgrade, currently B2 (LGD3)

Senior Secured 2nd Lien Term Loan, Placed on Review for Downgrade,
currently Caa2 (LGD5)

Outlook, Changed to Rating Under Review from Stable

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

Headquartered in Cleveland, Ohio, WP CPP Holdings, LLC -- d/b/a
Consolidated Precision Products (CPP) -- is a castings manufacturer
of engineered components and subassemblies for the commercial
aerospace, military and defense and energy markets. The company is
majority-owned in equal parts by private equity firm Warburg Pincus
and Berkshire Partners.


XPERI CORP: S&P Puts 'BB-' ICR on Watch Developing on TiVo Deal
---------------------------------------------------------------
S&P Global Ratings placed its 'BB-' issuer credit rating on U.S.
semiconductor company Xperi Corp. on CreditWatch with developing
implications.

The CreditWatch placement follows Xperi's Dec. 19, 2019,
announcement that it will merge with TiVo Corp. As part of the
transaction, the companies will repay all of the outstanding debt
at Xperi and TiVo. S&P expects the deal to close in the second
quarter of 2020. Management indicated that they are looking to
split the company into two separate business units at a later date,
with one segment focused on intellectual property (IP) licensing
and the other focused on products.

"We will resolve the CreditWatch placement and assign ratings to
the company's new debt once we receive additional details about the
transaction. At this time, we plan to withdraw our issuer credit
rating on Xperi when the transaction closes and all of its debt has
been repaid," S&P said.

S&P expects that Xperi's credit rating will ultimately fall in the
range of 'BB' to 'B+' following its merger with TiVo. The rating
action depends on multiple factors including the outcome of TiVo's
litigation with Comcast, timeline for renewal of Micron and SK
Hynix contracts (which both end over the next 12 months), S&P's
view of the company's pro-forma business and how achievable the
cost reduction plan is, and Xperi's capital allocation plan
including its existing dividend following the merger.


ZENITH MANAGEMENT: Plan to be Funded by Property Sale Proceeds
--------------------------------------------------------------
Zenith Management I, LLC filed with the U.S. Bankruptcy Court for
the Eastern District of New York an amended disclosure statement in
support of its plan of reorganization.

The Disclosure Statement reveals information on the treatment of
claims against the Debtor.

Class I consists of the Allowed Secured Claims of JPMorgan Chase
Bank, the New York City Department of Finance, and the Vera
Judgment all of which are secured by liens on the Flushing
Property. The Plan does not alter the legal, equitable, or
contractual rights of the holders of such Claims, which shall
receive payment in full of their Allowed Secured Claims on the
Effective Date.

Class II consists of the scheduled Claim of the DEC in the amount
of $50,000 based on the DEC Fine. The DEC shall receive payment in
full on the DEC Claim upon the later of: (i) the Effective Date;
and (ii) the date upon which the DEC Claim is deemed Allowed.

Class III consists of all Allowed Unsecured Claims against the
Debtor's estate, which includes Claim No. 1 filed by Consolidated
Edison Company of New York, Inc. Holders of Allowed Unsecured
Claims will receive payment in full, with interest, on the
Effective Date.

Holders of Allowed Interests of the Debtor shall receive interests
in the Reorganized Debtor as it exists on the Effective Date, after
all Allowed Claims are paid in full.

The Plan will be funded by proceeds from: (i) the remaining
proceeds of the Sale of the Corona Property after payment of
expenses from the Sale and the Allowed Claims of Vera and NYCB; and
(ii)(a) refinancing or sale of the Flushing Property. The Plan is
deemed by the Plan Proponent to be feasible as the value of the
Cash and the Flushing Property exceed the amounts necessary to fund
all projected remaining Allowed Claims.

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

The Debtor is represented by:

  LAW OFFICES OF GABRIEL DEL VIRGINIA
  30 Wall Street, 12th Floor
  New York, New York 10005
  Tel: 212-371-5478
  Fax: 212-371-0460
  Email: gabriel.delvirginia@verizon.net

               About Zenith Management I

Zenith Management I, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 16-43485) on August 3, 2016, disclosing
under $1 million in both assets and liabilities. The Debtor is
represented by Gabriel Del Virginia, at the Law Office of Gabriel
Del Virginia. No official committee of unsecured creditors has been
appointed in the case.


[^] BOND PRICING: For the Week from Dec. 23 to 27, 2019
-------------------------------------------------------

  Company                   Ticker  Coupon Bid Price   Maturity
  -------                   ------  ------ ---------   --------
24 Hour Fitness
  Worldwide Inc             HRFITW   8.000    43.772   6/1/2022
24 Hour Fitness
  Worldwide Inc             HRFITW   8.000    43.772   6/1/2022
Acosta Inc                  ACOSTA   7.750     1.095  10/1/2022
Acosta Inc                  ACOSTA   7.750     3.285  10/1/2022
Aleris International Inc    ARS     10.750   104.560  7/15/2023
Aleris International Inc    ARS     10.750   104.353  7/15/2023
Alta Mesa Holdings LP /
  Alta Mesa Finance
  Services Corp             ALTMES   7.875     7.069 12/15/2024
Approach Resources Inc      AREX     7.000    27.500  6/15/2021
BPZ Resources Inc           BPZR     6.500     3.017   3/1/2049
Beverages & More Inc        BEVMO   11.500    60.000  6/15/2022
Beverages & More Inc        BEVMO   11.500    59.513  6/15/2022
Bon-Ton Department
  Stores Inc/The            BONT     8.000    10.500  6/15/2021
Bristow Group Inc           BRS      6.250     6.204 10/15/2022
Bristow Group Inc           BRS      4.500     6.455   6/1/2023
California Resources Corp   CRC      8.000    42.521 12/15/2022
California Resources Corp   CRC      5.000    95.828  1/15/2020
California Resources Corp   CRC      5.500    48.075  9/15/2021
California Resources Corp   CRC      8.000    42.891 12/15/2022
Chaparral Energy Inc        CHAP     8.750    43.305  7/15/2023
Chaparral Energy Inc        CHAP     8.750    42.080  7/15/2023
Chukchansi Economic
  Development Authority     CHUKCH   9.750    49.507  5/30/2020
Chukchansi Economic
  Development Authority     CHUKCH  10.250    49.500  5/30/2020
DFC Finance Corp            DLLR    10.500    67.125  6/15/2020
DFC Finance Corp            DLLR    10.500    67.125  6/15/2020
Dean Foods Co               DF       6.500    14.500  3/15/2023
Dean Foods Co               DF       6.500    12.050  3/15/2023
EP Energy LLC / Everest
  Acquisition Finance Inc   EPENEG   9.375     1.750   5/1/2024
EP Energy LLC / Everest
  Acquisition Finance Inc   EPENEG   8.000     1.750  2/15/2025
EP Energy LLC / Everest
  Acquisition Finance Inc   EPENEG   9.375     2.209   5/1/2024
EP Energy LLC / Everest
  Acquisition Finance Inc   EPENEG   8.000     1.391  2/15/2025
Energy Conversion
  Devices Inc               ENER     3.000     7.875  6/15/2013
Exela Intermediate LLC /
  Exela Finance Inc         EXLINT  10.000    40.340  7/15/2023
Exela Intermediate LLC /
  Exela Finance Inc         EXLINT  10.000    38.245  7/15/2023
Ferrellgas Partners LP /
  Ferrellgas Partners
  Finance Corp              FGP      8.625    51.343  6/15/2020
Ferrellgas Partners LP /
  Ferrellgas Partners
  Finance Corp              FGP      8.625    60.389  6/15/2020
Fidelity National
  Information Services Inc  FIS      3.625   101.366 10/15/2020
Fidelity National
  Information Services Inc  FIS      2.250   100.390  8/15/2021
Fidelity National
  Information Services Inc  FIS      4.500   105.736 10/15/2022
Fleetwood Enterprises Inc   FLTW    14.000     3.557 12/15/2011
Foresight Energy LLC /
  Foresight Energy
  Finance Corp              FELP    11.500     6.788   4/1/2023
Foresight Energy LLC /
  Foresight Energy
  Finance Corp              FELP    11.500     7.162   4/1/2023
Frontier
  Communications Corp       FTR      8.500    61.275  4/15/2020
Frontier
  Communications Corp       FTR     10.500    50.137  9/15/2022
Frontier
  Communications Corp       FTR      6.250    49.980  9/15/2021
Frontier
  Communications Corp       FTR      8.750    47.984  4/15/2022
Frontier
  Communications Corp       FTR      9.250    49.190   7/1/2021
Frontier
  Communications Corp       FTR      8.875    55.387  9/15/2020
Frontier
  Communications Corp       FTR     10.500    50.320  9/15/2022
Frontier
  Communications Corp       FTR     10.500    50.320  9/15/2022
Global Eagle
  Entertainment Inc         ENT      2.750    44.090  2/15/2035
Grizzly Energy LLC          VNR      9.000     6.000  2/15/2024
Grizzly Energy LLC          VNR      9.000     6.000  2/15/2024
High Ridge Brands Co        HIRIDG   8.875     0.250  3/15/2025
Hornbeck Offshore
  Services Inc              HOSS     5.875    29.410   4/1/2020
Hornbeck Offshore
  Services Inc              HOSS     5.000    25.101   3/1/2021
Jonah Energy LLC /
  Jonah Energy
  Finance Corp             JONAHE   7.250    29.500 10/15/2025
Jonah Energy LLC /
  Jonah Energy
  Finance Corp             JONAHE   7.250    29.323 10/15/2025
Legacy Reserves LP /
  Legacy Reserves
  Finance Corp             LGCY     6.625     1.000  12/1/2021
Legacy Reserves LP /
  Legacy Reserves
  Finance Corp             LGCY     8.000     2.478  9/20/2023
Lehman Brothers
  Holdings Inc             LEH      6.000     0.437  7/20/2029
MAI Holdings Inc           MAIHLD   9.500    21.000   6/1/2023
MAI Holdings Inc           MAIHLD   9.500    20.300   6/1/2023
MAI Holdings Inc           MAIHLD   9.500    20.268   6/1/2023
MF Global Holdings Ltd     MF       9.000    15.875  6/20/2038
MF Global Holdings Ltd     MF       6.750    15.875   8/8/2016
Mashantucket Western
  Pequot Tribe             MASHTU   7.350    17.125   7/1/2026
McDermott Technology
  Americas Inc /
  McDermott Technology
  US Inc                   MDR     10.625    11.130   5/1/2024
McDermott Technology
  Americas Inc /
  McDermott Technology
  US Inc                   MDR     10.625    11.333   5/1/2024
Murray Energy Corp         MURREN  12.000     0.001  4/15/2024
Murray Energy Corp         MURREN  12.000     0.533  4/15/2024
NVA Holdings Inc           NATVET   6.875   108.609   4/1/2026
NVA Holdings Inc           NATVET   6.875   108.549   4/1/2026
NWH Escrow Corp            HARDWD   7.500    50.637   8/1/2021
NWH Escrow Corp            HARDWD   7.500    50.637   8/1/2021
Neiman Marcus Group
  LTD LLC / Neiman
  Marcus Group LLC /
  Mariposa Borrower /
  NMG                      NMG      8.000    32.077 10/25/2024
Neiman Marcus Group
  LTD LLC / Neiman
  Marcus Group LLC /
  Mariposa Borrower /
  NMG                      NMG      8.750    32.707 10/25/2024
Neiman Marcus Group
  LTD LLC / Neiman
  Marcus Group LLC /
  Mariposa Borrower /
  NMG                      NMG      8.000    31.960 10/25/2024
Neiman Marcus Group
  LTD LLC / Neiman
  Marcus Group LLC /
  Mariposa Borrower /
  NMG                      NMG      8.750    32.667 10/25/2024
New Gulf Resources LLC/
  NGR Finance Corp         NGREFN  12.250     3.991  5/15/2019
Northwest Hardwoods Inc    HARDWD   7.500    52.000   8/1/2021
Northwest Hardwoods Inc    HARDWD   7.500    50.410   8/1/2021
Novavax Inc                NVAX     3.750    42.000   2/1/2023
Optimas OE Solutions
  Holding LLC / Optimas
  OE Solutions Inc         OPTOES   8.625    60.250   6/1/2021
Optimas OE Solutions
  Holding LLC / Optimas
  OE Solutions Inc         OPTOES   8.625    58.979   6/1/2021
PHH Corp                   PHH      6.375    63.883  8/15/2021
Pinnacle Operating Corp    PINNOP   9.000    45.025  5/15/2023
Pioneer Energy
  Services Corp            PESX     6.125    27.317  3/15/2022
Powerwave
  Technologies Inc         PWAV     3.875     0.014  10/1/2027
Powerwave
  Technologies Inc         PWAV     3.875     0.014  10/1/2027
Pyxus International Inc    PYX      9.875    47.215  7/15/2021
Pyxus International Inc    PYX      9.875    47.322  7/15/2021
Pyxus International Inc    PYX      9.875    47.322  7/15/2021
Renco Metals Inc           RENCO   11.500    24.875   7/1/2003
Rolta LLC                  RLTAIN  10.750     9.907  5/16/2018
Sable Permian Resources
  Land LLC /
  AEPB Finance Corp        AMEPER   7.125    16.955  11/1/2020
Sable Permian Resources
  Land LLC / AEPB
  Finance Corp             AMEPER   7.375    17.000  11/1/2021
Sable Permian Resources
  Land LLC / AEPB
  Finance Corp             AMEPER   7.125    16.955  11/1/2020
Sable Permian Resources
  Land LLC / AEPB
  Finance Corp             AMEPER   7.375    17.000  11/1/2021
Sanchez Energy Corp        SNEC     7.750     5.019  6/15/2021
Sanchez Energy Corp        SNEC     6.125     4.750  1/15/2023
SandRidge Energy Inc       SD       7.500     0.502  2/15/2023
Sears Holdings Corp        SHLD     8.000     1.300 12/15/2019
Sears Holdings Corp        SHLD     6.625    11.875 10/15/2018
Sears Holdings Corp        SHLD     6.625    11.777 10/15/2018
Sears Roebuck
  Acceptance Corp          SHLD     7.500     1.127 10/15/2027
Sears Roebuck
  Acceptance Corp          SHLD     7.000     0.854   6/1/2032
Sears Roebuck
  Acceptance Corp          SHLD     6.500     0.792  12/1/2028
Sears Roebuck
  Acceptance Corp          SHLD     6.750     0.862  1/15/2028
Sempra Texas
  Holdings Corp            TXU      5.550    13.500 11/15/2014
Stearns Holdings LLC       STELND   9.375    45.422  8/15/2020
Stearns Holdings LLC       STELND   9.375    45.422  8/15/2020
Summit Midstream
  Partners LP              SMLP     9.500    51.000       N/A
Tapstone Energy LLC /
  Tapstone Energy
  Finance Corp             TAPENE   9.750     0.690   6/1/2022
Tapstone Energy LLC /
  Tapstone Energy
  Finance Corp             TAPENE   9.750     0.601   6/1/2022
Techniplas LLC             TECPLS  10.000    85.625   5/1/2020
Techniplas LLC             TECPLS  10.000    92.375   5/1/2020
Teligent Inc/NJ            TLGT     4.750    34.750   5/1/2023
TerraVia Holdings Inc      TVIA     5.000     4.644  10/1/2019
TerraVia Holdings Inc      TVIA     6.000     4.644   2/1/2018
Tesla Energy
  Operations Inc/DE        TSLAEN   3.600    91.849  3/19/2020
Transworld Systems Inc     TSIACQ   9.500    25.971  8/15/2021
Transworld Systems Inc     TSIACQ   9.500    25.971  8/15/2021
UCI International LLC      UCII     8.625     4.780  2/15/2019
Ultra Resources Inc/US     UPL      6.875    11.250  4/15/2022
Ultra Resources Inc/US     UPL      7.125     6.780  4/15/2025
Ultra Resources Inc/US     UPL      6.875    10.886  4/15/2022
Ultra Resources Inc/US     UPL      7.125     7.089  4/15/2025
Unit Corp                  UNTUS    6.625    54.822  5/15/2021
VIVUS Inc                  VVUS     4.500    84.780   5/1/2020
Vine Oil & Gas LP /
  Vine Oil & Gas
  Finance Corp             VRI      9.750    48.664  4/15/2023
Windstream Services
  LLC / Windstream
  Finance Corp             WIN      7.500    17.750   6/1/2022
Windstream Services
  LLC / Windstream
  Finance Corp             WIN      6.375    19.250   8/1/2023
Windstream Services
  LLC / Windstream
  Finance Corp             WIN      6.375    13.625   8/1/2023
Windstream Services
  LLC / Windstream
  Finance Corp             WIN      8.750    14.250 12/15/2024
Windstream Services
  LLC / Windstream
  Finance Corp             WIN      8.750    13.900 12/15/2024
Windstream Services
  LLC / Windstream
  Finance Corp             WIN      7.750    13.879 10/15/2020
Windstream Services
  LLC / Windstream
  Finance Corp             WIN      7.750    13.654  10/1/2021
rue21 inc                  RUE      9.000     1.456 10/15/2021



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***