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

              Friday, February 7, 2020, Vol. 24, No. 37

                            Headlines

293 FRANKLIN: MLF3 and Cherry Hill Question Plan Funding
305 EAST 61ST: Selling New York Property for $3 Million
450 S. WESTERN: U.S. Trustee Forms 3-Member Committee
A.W. BROWN: S&P Lowers Bond Rating to 'BB-'; Outlook Stable
ABR BUILDERS: Expects $350K Annual Income before Reorg Expenses

ACME HOLDINGS: Case Summary & 8 Unsecured Creditors
ADVANCED TEXTILES: Honnens to Keep Control With Loan
AL AMJADY: 801-805 Tahway Buying Elizabeth Property for $750K
AMERICORE HOLDINGS: Fails to Get OK on JMB Capital $5M DIP Loan
AMERICORE HOLDINGS: Gets Permission to Use Cash Collateral

AMERICORE HOLDINGS: Seeks Authority to Use Cash Collateral
ANTERO RESOURCES: S&P Lowers ICR to 'B+'; Outlook Negative
APG SUBS: Bank Given More Time to Reply to Ray's' Equipment Auction
ARRO CORP: Sets Bidding Procedures for Substantially All Assets
ASBURY AUTOMOTIVE: S&P Affirms 'BB+' ICR; Ratings Off Watch Neg.

ASSUREDPARTNERS INC: Moody's Rates New Secured Credit Loans B2
AVIANCA HOLDINGS: Will Investigate Relationship with Airbus
BIOPHARMX CORPORATION: Bosacki Succeeds Tierney as CEO
BLOCK COMMUNICATIONS: Moody's Rates Sr Secured Credit Facility Ba1
BLOCK COMMUNICATIONS: S&P Rates New Secured Debt 'BB+'

BLUE EAGLE: HJ Farming Selling Murphee Farm to Williams for $410K
BORDEN DAIRY: Gets Interim Approval to Use Cash Collateral
BORDEN DAIRY: Seeks to Use Cash Collateral, Reserve Account
BOSTON SURFACE: Creditors to Get Equity or 100% Dividend in Plan
CALIFORNIA RESOURCES: BlackRock Has 7% Stake as of Dec. 31

CANBIOLA INC: Amends Stock Purchase Agreement with ICNB
CARMEL MEDICAL: Feb. 24 Disclosure Statement Hearing Set
CARMEL MEDICAL: Unsecureds to Have Up to 15% in CIBM Plan
CAST & CREW: S&P Alters Outlook to Stable, Affirms 'B' ICR
CCO HOLDINGS: S&P Rates New Senior Unsecured Notes Due 2030 'BB'

CELADON GROUP: Selling Hyndman's Winnipeg Property for CAD$4.25M
CELESTIAL CHURCH: March 18 Disclosure Statement Hearing Set
CENTENE CORP: Fitch Rates $2BB Senior Unsecured Notes 'BB+'
CENTENE CORP: Moody's Rates $2BB Sr. Unsecured Debt Due 2030 'Ba1'
CLAAR CELLARS: UST Unable to Appoint Committee in RC Farms' Case

CLIFS INC: U.S. Trustee Unable to Appoint Committee
CONSTELLIS HOLDINGS: S&P Cuts Second-Lien Term Loan Rating to 'D'
CUSTOM TRUCK: S&P Upgrades ICR to 'B+' oOn Continued Low Leverage
CYTODYN INC: Grants 11.6M Performance Shares to Execs & Directors
CYTODYN INC: Raises 7.57 Million in Series D Stock Offering

DESIGN REFRIGERATION: March 19 Plan Confirmation Hearing Set
DIGIPATH INC: Appoints Edmond DeFrank as Director
DORIAN LPG: Posts $35.6 Million Net Income in Third Quarter
DPW HOLDINGS: Ault & Company, et al. Report 15.6% Equity Stake
DUCOMMUN INC: S&P Alters Outlook to Negative, Affirms 'BB-' ICR

DUNCAN MORGAN: Sink Selling Raleigh Property to Nguyens for $172K
ENTERPRISE INSURANCE: Court Confirms Amended Reorganization Plan
FAIRWAY GROUP: U.S. Trustee Forms 7-Member Committee
FLEETWOOD ACQUISITION: Triumph Buying Miscellaneous Assets
FLORIDA FIRST: Beach Buying All Shares in First City Bank for $100K

FORMING MACHINING: S&P Downgrades ICR to 'B-'; Outlook Negative
FOSSIL CREEK: Taps Universal Hospitality as Property Manager
G.D.S. EXPRESS: Committee Taps Levinson as Counsel
GENCANNA GLOBAL: Case Summary & Unsecured Creditor
GLENVIEW HEALTH: Unsecureds to Get $6,000 Monthly Over 5 Years

GLOBAL HEALTHCARE: Increases Notes Offering to $2.5 Million
GNC HOLDINGS: BlackRock Owns 7.1% of Class A Shares as of Dec. 31
GREAGER CUSTOM: Creditors to Be Paid From 'Large Receivable'
HALL-BAY PROPERTIES: Plan Payments to be Funded by Rental Income
HARB PROPERTIES: UST Wants Financial Info in Plan Disclosures

HEMP KENTUCKY: Case Summary & Unsecured Creditors
HOLLYWOOD ONE: Asks to Defer Sale Protocol Hearing to March 5
HURLEY MEDICAL: Moody's Rates $54MM Series 2020 Bonds 'Ba1'
INFORMATICA LLC: Moody's Rates $2.4BB First Lien Loans 'B1'
INTEGRITY HOME: Seeks Court Approval to Employ CRO, Controller

IRIS RAMOS: Asks More Time to Close Roslindale Property Sale
J.E.L. SITE: Creditor CAT Selling Track Type Tractor for $60K
JTWW INC: Feb. 26 Plan Confirmation Hearing Set
KEVIN KERVENG TUNG: Seeks to Hire Oliver Zhou as Legal Counsel
KINGMAN FARMS: Cashton Wants Agreement Included in Plan

KINNEY FARMS: Plan & Disclosure Motion Hearing Reset to March 26
KRJ ESTATE: U.S. Trustee Unable to Appoint Committee
LACONIA LLC: Feb. 19 Plan Confirmation Hearing Set
LADAN INC: Case Summary & 20 Largest Unsecured Creditors
LAKEWAY PUBLISHERS: Unsecureds to be Paid in Full Plus 3% Interest

LINTON VETERINARY: Feb. 25 Plan Confirmation Hearing Set
LIQUIDNET HOLDINGS: Moody's Alters Outlook on Ba3 CFR to Negative
LOG CABIN: Case Summary & 2 Unsecured Creditors
LOG STORM: Case Summary & 20 Largest Unsecured Creditors
LONESTAR II: S&P Affirms 'B+' Sr. Secured Credit Facility Rating

LUCKY'S MARKET: U.S. Trustee Forms 3-Member Committee
MAGNUM CONSTRUCTION: Court Confirms Third Amended Plan
MARK ALLEN KRIEGER: Selling Bucks of Brouilletts Creek for $98K
MILLMAC CORP: U.S. Trustee Unable to Appoint Committee
MWM OIL: Towanda State Bank Buying Towanda Property or $42K

MY KIDZ DENTIST FAYETTEVILLE: Sapphire Has $3M Offer for All Assets
MY KIDZ DENTIST PC: Sapphire Has $3M Offer for All Assets
N & B MANAGEMENT: Unsecureds OK'd to Credit Bid in Liquidating Plan
NAJEEB KHAN: Trustee Selling 1967 Pontiac Firebird for $22.5K
NASHEF LLC: Case Summary & 10 Unsecured Creditors

NAUGHTON PLUMBING: Judge Denies Extension of Exclusivity Period
NEW CITY WASTE: Unsecureds to Get 44% in RTS-Backed Plan
NEW VISION PROPERT: U.S. Trustee Unable to Appoint Committee
O'LINN SECURITY: U.S. Trustee Forms 2-Member Committee
OPEN TEXT: S&P Rates New US$800MM Senior Unsecured Notes 'BB'

OPTION CARE: Completes Reverse Stock Split and Ticker Change
OTTO J. SIMMANK: Selling 2000 Isuzu Box Truck for $4K
PALMYRA-EAGLE AREA: S&P Cuts GO Debt Rating to 'BB+'
PARKINSON SEED: Compeer Says Plan Treatment Objectionable
PETSWAY INC: U.S. Trustee Unable to Appoint Committee

PORTO RESOURCES: Harlem Buying New York Property for $1.55M
PORTO RESTAURANT: Hires Keller to Sell New York Property for $1.3M
PRESSURE BIOSCIENCES: Extends Standstill Agreement Until March 3
PRIME GLOBAL: Incurs $267K Net Loss in Fiscal 2019
PRINCETON ALTERNATIVE: March 2 Plan Confirmation Hearing Set

PRINCETON ALTERNATIVE: Seeks to Reconsider Disclosure & NAV Orders
QUANTUM TRANSPORTATION: Trustee Seeks Approval to Hire Auctioneer
QUOTIENT LIMITED: Incurs $27.5 Million Net Loss in Third Quarter
RANCHER'S LEGACY: Court Extends Exclusivity Period to April 30
RAYBAR INC: U.S. Trustee Unable to Appoint Committee

RIVERBEND FOODS: Court Conditionally Approves Disclosure Statement
RWP HOMES: Unsecureds to Get Payment After Sale/Refinanccing
SANAM CONYERS: Janam Madison Opposes Cash Use Termination Notice
SFP FRANCHISE: U.S. Trustee Forms 3-Member Committee
SIGNATURE PACK: Visionary Foods Buying Wing Business for $1.75M

SOUTHCROSS ENERGY: Monthly Report on De Minimis Assets Sale Filed
SPHERIX INC: Incurs $4.18 Million Net Loss in 2019
STANDARD AMUSEMENTS: Feb. 14 Plan Confirmation Hearing Set
SUMMIT FACILITY: U.S. Trustee Forms 2-Member Committee
TALK VENTURE GROUP: Asks Leave to Use Cash Collateral

TALK VENTURE GROUP: May Use Cash Collateral Thru April 8
TARONIS TECHNOLOGIES: Signs Waiver Agreements with Investors
TIDE MILL: Refinancing or Sale to Give 100% Dividend to Creditors
UNITI GROUP: Fitch Cuts IDR to 'CCC' & Rates Secured Notes 'B/RR1'
UNITI GROUP: Moody's Rates New $1.75BB Senior Secured Notes 'Caa1'

UROLOGICAL HEALTH: Case Summary & 5 Unsecured Creditors
US-CHINA PROFESSIONAL: Cash, Equity Infusion to Fund 100% Plan
VESTAVIA HILLS: Seeks to Hire Campbell Partners as Special Counsel
VIA AIRLINES: Taps Garofalo Goerlich as Special Counsel
WATERLOO AFFORDABLE: Gets Approval to Hire Bankruptcy Attorney

WOODCREST ACE: March 31 Plan Confirmation Hearing Set
ZAYP GROUP: Moody's Gives B2 CFR Amid LBO Deal, Outlook Stable

                            *********

293 FRANKLIN: MLF3 and Cherry Hill Question Plan Funding
--------------------------------------------------------
MLF3 Wallabout LLC and Cherry Hill Lender, LLC, submitted an
objection to the Disclosure Statement in connection with the Joint
Plan of Reorganization filed by the debtors 293 Franklin, LLC,
Enterprise Community Funding, LLC, and 108 Wallabout 5A Corp.

MLF3 and Cherry Hill point out that the only disclosure pertaining
to the Plan Funder's ability to fund the Plan is contained in a
short, five-paragraph Declaration of Mike Kohn, wherein Mr. Kohn
simply states his belief that Alliance will earn sufficient income
to fund the Plan.  The Kohn Declaration is wholly unsupported by
any financial disclosures from Alliance which would tend to
establish that it will earn sufficient income to fund the Plan.

MLF3 and Cherry Hill further point out that the Debtors also fail
to provide any information regarding a potential refinance of the
Properties to fund the Plan.

MLF3 and Cherry Hill assert that there is no information provided
regarding the potential sale of the Properties.  The Disclosure
Statement does not state whether the Properties have been marketed
for sale or whether there have been any offers to purchase the
Properties.

MLF3 and Cherry Hill complain that the Disclosure Statement
provides that the collective value of the Properties is $4,200,000,
but fails to provide any appraisals or other evidence whatsoever to
support these valuations.

According to MLF3 and Cherry Hill, since Mr. Kohn seeks to retain
his interests in the Debtors, without paying the unsecured
creditors the full amount their claims, the Plan violates the
absolute priority rule and cannot be confirmed.

MLF3 and Cherry Hill point out that although the Plan and
Disclosure Statement indicate that Mr. Kohn may make contributions
to fund the Plan, there is no indication that he will do so or even
has the ability to do so.

MLF3 and Cherry Hill further point out that since the Plan provides
for an impermissible third-party release of the Plan Funder (i.e.
Mike Kohn and Alliance), without any justification for same, it
cannot be confirmed.

Attorneys for MLF3 and Cherry Hill:

     Frank C. Dell' Amore, Esq.
     Jaspan Schlesinger LLP
     300 Garden City Plaza
     Garden City, New York 11530
     Telephone: (516) 393-8289
     E-mail: fdellamore@jaspanllp.com

                  About 293 Franklin, et al.

293 Franklin, LLC, et al., are real estate holding companies. 293
Franklin owns real property located at 293 Franklin Avenue,
Brooklyn, New York 11205. The 293 Property is multi-family
residential building consisting of eight units.

Enterprise Community Funding, LLC owns two residential real
properties: a condominium unit located at 28 Lynch Street, Unit 3L,
Brooklyn, New York, 11206 and a condominium unit located at 23
Walton Street, Unit 15C Brooklyn, New York, 11206.

108 Wallabout 5A Corp. owns a condominium unit located at 108
Wallabout Street, Unit 5A, Brooklyn, New York 11249.

Mike Kohn is the sole member of 293 Franklin and Enterprise and the
sole shareholder and president of 108 Wallabout. Mr. Kohn and his
family members reside in the Lynch Property, the Walton Property
and the Wallabout Property.

The Debtors said they commenced bankruptcy cases because they are
victims of the predatory lending practices of MLF3 Wallabout LLC.

Chapter 11 bankruptcy petitions were filed by 293 Franklin, LLC,
(Bankr. E.D.N.Y. Case No. 19-45035), Enterprise Community Funding,
LLC (Case No. 19-45036) and 108 Wallabout 5A Corp. (Case
No.19-45037) on August 21, 2019.

In the petitions signed by Mike Kohn, sole member, 293 Franklin and
Enterprise Community Funding listed $1 million to $10 million in
both assets and liabilities. 108 Wallabout 5A Corp. listed under $1
million in assets; and $1 million to $10 million in liabilities.

The Hon. Carla E. Craig oversees the cases.

Lawyers at Westerman Ball Ederer Miller Zucker & Sharfstein, LLP
serves as counsel to the Debtors.


305 EAST 61ST: Selling New York Property for $3 Million
-------------------------------------------------------
Kenneth P. Silverman, the Chapter 11 Trustee of 305 East 61st
Street Group, LLC, asks the Bankruptcy Court for the Southern
District of New York to  authorize the terms and conditions of a
stalking horse purchase and sale agreement in connection with the
sale of the Debtor's real property known as and located at 305 East
61St Street, New York, New York, and the other property as defined
in the Sale Agreement, to 305 E 61St Street Lender, LLC, subject to
higher or better offers.

In exchange, the Buyer will pay the amount equal to the sum of (i)
a credit in the full amount of the Lender's Allowed Claim, as such
amount exists on the Closing Date, (ii) a credit in the full amount
of the Purchaser's claim under the Trustee Loan and the
Post-Petition Loan Documents, as such amount exists on the Closing
Date, plus (ii) $3 million cash.

A hearing on the Motion is set for Feb. 5, 2020 at 11:00 a.m.  The
objection deadline is Jan. 29, 2020 at 4:00 p.m.

The Debtor owns and, prior to the appointment of the Trustee,
managed a real estate project involving a 10-story building located
at 305 East 61st Street, New York, New York, a former warehouse
which was purchased by the Debtor for conversion into a
condominium.  The acquisition of the Building (for a total of $40
million) was financed, in part, with a $20 million acquisition
loan, and construction of the Project was financed, in part, by a
$10 million construction loan.

The Debtor is currently indebted to the Lender, as assignee of
Popular Bank ("PB"), in connection with three loans made on June 8,
2017 by PB to the Debtor:

     a. Acquisition loan (i) evidenced by that certain (i) Secured
Restated Promissory Note, dated as of June 8, 2017, in the original
principal amount of $20 million made by the Borrower in favor of
PB; and (ii) secured by that certain Mortgage Extension,
Modification and Security Agreement, dated as of June 8, 2017, in
the original principal amount of $20 million encumbering the real
property commonly known as 305-307 East 61ST Street, New York, NEW
York (Block 1436; Lot 5), which Acquisition Mortgage was recorded
in the City Register ofthe City ofNew York, County ofNew York on
July 7, 2017 as CRFN 2017000250851;

     b. Building loan (i) evidenced by: (x) that certain Building
Loan Agreement, dated as of June 8, 2017, in the original principal
amount of up to $7.83 million, between the Borrower and PB, and (y)
that certain Building Loan Note, dated as of June 8, 2017, in the
original principal amount of up to $7.83 million, made by the
Borrower in favor of PB; and (ii) secured by that certain Building
Loan Mortgage and Security Agreement, dated as of June 8, 2017, in
the original principal amount of $7.83 million encumbering the
Property, which Building Mortgage was recorded in the Register on
July 7, 2017 as CRFN 2017000250852; and

     c. Project loan (i) evidenced by: that certain (x) Project
Loan Agreement, dated as of June 8, 2017, in the original principal
amount of up to $2.17 million; and (y) that certain Project Loan
Note, dated as of June 8, 2017, in the original principal amount of
up to $2.17 million, made by the Borrower in favor of PB, and (ii)
secured by that certain Project Loan Mortgage and Security
Agreemen, dated as of June 8, 2017, in the original principal
amount of $2.17 million encumbering the Property, which Project
Mortgage was recorded in the Register on July 7, 2017 as CRFN
2017000250853.

The Lender has agreed to make a post-petition loan to the Trustee,
on behalf of the Debtor's estate, in the aggregate sum of $2 milion
pursuant to the terms of (a) a Secured Promissory Note, (b) a
Mortgage, Assignment of Leases and Rents and Security Agreement and
(c) the Settlement Agreement.

Additionally, the Lender has provided the Trustee with a settlement
offer which, if approved by the Court, would, among other things:
(i) fix the Lender's secured claim at $41,093,000 as of Dec. 31,
2019; (ii) reduce the interest rate at which the Lender Claim
continues to accrue post-petition to 14% as of Jan. 1, 2020 (a
savings of approximately $7,200 per diem); (iii) as referenced,
provide the estate with $2 million in available post-petition
financing; and (iv) provide for the Lender to be the Stalking Horse
Bidder for the sale of the Property at an opening bid consisting of
(a) a credit bid of all pre- and post-petition amounts due to the
Lender from the estate, and (b) a cash payment of $3 million.

Under the terms of the Settlement Agreement, the Lender Claim will
be reduced and allowed in the amount of the sum equal to (a)
$41,093,000, (b) all interest accruing on and after Jan. 1, 2020,
until the Loans are paid in full PM (c) an amount equal to all
actual attorneys' fees and expenses incurred by Lender and all
protective advances made by the Lender on and after Jan. 1, 2020,
until the date that Loans are paid in full.

The Trustee has diligently investigated the Lender's claims based
on the Existing Loans.  Based on such investigation he has
determined in his business judgment that the amount the Lender's
Allowed Claim is reasonable and that the settlement of the claim
will assure the estate of a sizeable reduction of the amount
claimed by the Lender based on the Existing Loans, avoid costly and
expensive litigation and the accrual of additional default rate
interest, and will also assure that the property is sold in a
timely manner for an amount that will provide a distribution to
creditors.

The salient terms of the APA are:

     a. Property Address: 305 East 61St Street, New York, New York,
Block 1436, Lot 5

     b. Stalking Horse Bidder: 305 E 61St Street Lender, LLC

     c. Price: An amount equal to the sum of (i) a credit in the
full amount of the Lender's Allowed Claim, as such amount exists on
the Closing Date, (ii) a credit in the full amount of the
Purchaser's claim under the Trustee Loan and the Post-Petition Loan
Documents, as such amount exists on the Closing Date, plus (ii) $3
million cash

     d. Deposit: $1 million

     e. The Purchase Price Credit plus the Cash Payment, less the
Bid Deposit, will be paid at Closing.

     f. The Property is being sold "as is, where is," "with all
fauts," without any representations, covenants, guarantees or
warranties of any kind or nature, and free and clear of any liens,
claims, or encumbrances of whatever kind or nature, with such
liens, if any, to attach to the proceeds of sale in such order and
priority as they existed immediately prior to the Closing.

     g. Closing: Fifth business day after the Sale Order has become
a Final Order

     h. Break-Up Fee: $950,000

In the instant case, the Trustee and Purchaser anticipate that the
Closing will occur pursuant to a plan of reorganization, and no
transfer taxes will be due pursuant to section 1146(a) of the
Bankruptcy Code.  He will file the Plan and disclosure statement,
which will provide for, among other things, the sale of the
Property pursuant to the same or substantially terms of the Sale
Agreement.

The sale of the Property is subject to such higher or better offers
as may be tendered at the Auction.  By the Motion, the Trustee asks
the Court's entry of the Bidding Procedures Order, which among
other things, approves the bidding procedures.

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: TBD by the Court

     b. Initial Bid: TBD by the Court

     c. Deposit: 10% of Bid

     d. Auction: The public sale will be held at the Court at a
time and date to be determined by the Court.

     e. Bid Increments: TBD by the Court

     f. Sale Hearing: TBD by the Court

     g. Sale Objection Deadline: Five days prior to Sale Hearing

     h. Closing: The closing will take place at the offices of
Silverman Acampora, LLP, 100 Jericho Quadrangle, Suite 300,
Jericho, NY, 11743, or such other location as the Trustee may
direct.

     i. If a  Senior Lienholder makes a bid at the Auction in an
amount higher than the amount in the Stalking Horse Contract after
a competing bid is made, it will thereafter by bound by the "Second
Highest Bidder" terms (but no other terms) provided in the Motion
in all respects; provided however, in such event the Senior
Lienholder will (I) not be required to deliver any Additional
Deposit or other Deposit whatsoever and (11) pay a Buyer's Premium
in the amount of only 2.5% of the difference between (A) its
Successful Bid and (B) the sum of (i) the purchase price in the
Stalking Horse Contract and (ii) $950,000.

In light of the foregoing, the Trustee submits that the sale of the
Property, as outlined herein, to Stalking Horse Bidder or the
person or entity making the highest or best offer for the Property
at the Auction, is and will be, an exercise of sound business
judgment, is in the best interests ofthe Debtor’s estate, and its
creditors, and should be approved in all respects.

The Trustee is providing service of a Notice of Motion, the Motion,
and all Exhibits annexed thereto upon all Notice Parties.

A copy of the APA and the Bidding Procedures is available at
https://tinyurl.com/rog6z3g from PacerMonitor.com free of charge.

               About 305 East 61st Street Group

Based in New York, 305 East 61st Street Group LLC, a Single Asset
Real Estate (as defined in 11 U.S.C. Section 101(51B)), filed a
voluntary Chapter 11 petition (Bankr. S.D.N.Y. Case No.19-11911) on
June 10, 2019.  At the time of filing, the Debtor was estimated to
have assets and debt of $10 million to $50 million.  The case is
assigned to Hon. Sean H. Lane.  The Debtor's counsel is Robert J.
Spence, Esq., at Spence Law Office, P.C., in Roslyn, New York.  The
Debtor's accountant is Singer & Falk.


450 S. WESTERN: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Feb. 4, 2020, appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of 450 S. Western, LLC.
  
The committee members are:

     (1) Dadream, Inc. dba Bornga
         450 S. Western Ave., Suite 310
         Los Angeles, CA 90020
         Phone: (404) 424-3092
         Email: ryan.kyu.kim@gmail.com

     (2) One Stop Financial Consulting, Inc.
         c/o John P. Lee, Esq.
         3435 Wilshire Blvd., Suite 2050
         Los Angeles, CA 90010
         Phone: (213) 380-9200
         Email: jlee@kspllaw.com

     (3) Square Mixx LA, Inc.
         c/o Dan Lee
         725 S. Figueroa St., Suite 3065
         Los Angeles, CA 90017
         Phone: (213) 289-2260
         Email: dlee@metallawgroup.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                     About 450 S. Western

450 S. Western, LLC, is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

450 S. Western sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 20-10264) on Jan. 10, 2020.  At
the time of the filing, the Debtor disclosed assets of between $50
million and $100 million and liabilities of the same range.  Judge
Ernest M. Robles oversees the case.  The Debtor tapped Arent Fox,
LLP as its legal counsel, and Wilshire Partners of CA, LLC as its
financial advisor.


A.W. BROWN: S&P Lowers Bond Rating to 'BB-'; Outlook Stable
-----------------------------------------------------------
S&P Global Ratings lowered its underlying rating to 'BB-' from 'BB'
on Arlington Higher Education Finance Corp., Texas' series 2016 and
series 2017 education revenue bonds, issued for A.W. Brown
Fellowship Leadership Academy (A.W. Brown). The outlook is stable.

The 'AAA' long-term program rating on the series 2016 and 2017
bonds reflects S&P's view of A.W. Brown's participation in the
Texas Permanent School Fund Bond Guarantee Program, which provides
the security of a permanent fund of assets that could be used to
meet debt service on the series 2016 and 2017 bonds.

"The lowered underlying rating reflects a material weakening in
A.W. Brown's credit fundamentals, in our view, based on a sharp
enrollment decline of 21% in fall 2019, a materially weakened
liquidity position in the last two years, negative operations, and
weak maximum annual debt service coverage in fiscal 2019 based on
S&P Global Ratings' calculation," said S&P Global Ratings credit
analyst Ying Huang.

Management budgets for improved operating results in fiscal 2020,
although S&P is unsure if the expected level can be achieved. Given
the history of uneven operating trends and the significant
deterioration in the school's financial profile in recent years,
S&P believes there is a greater degree of flexibility at the 'BB-'
level to withstand some degree of volatile performance.

The stable outlook reflects S&P's expectation that during the
one-year outlook period, A.W. Brown will likely maintain operations
near current levels, remain in compliance with the debt service
coverage covenant, and at least maintain the current liquidity
position. Given the large enrollment declines in fall 2018 and fall
2019, softening demand, and the competitive landscape, S&P expects
there could be some pressure on enrollment in the near term, but
believes the current enrollment size provides some cushion to
withstand a modest decline.


ABR BUILDERS: Expects $350K Annual Income before Reorg Expenses
---------------------------------------------------------------
Debtor ABR Builders LLC filed a Second Amended Disclosure Statement
describing its plan of reorganization dated Jan. 16, 2020.

Unrelated to the law providing for the release of personal
liability of the Debtor’s principals, an issue has been raised
about whether the promise to pay by the principals is sufficient
for “new contribution” required under § 1129(b). Even assuming
that the new value exception survived into the Bankruptcy Reform
Act of 1979, see In re Bonner Mall, 2F3d 899 (9th Cir. 1992), the
assets and liabilities reflect that the assets have no net value
and the Debtor is insolvent. The principals purchase of the
Debtor’s equity is nothing more than the right to control a
closely held corporation without any asset value In re RTJJ, Inc.,
WL 462003 (Bkrtcy W.D. N.Car. 2013).

Furthermore, the Debtor has agreed to waive its exclusivity thus
allowing bidding with respect to the Debtor and its equity
interests. The Debtor, is allowing parties to bid for the equity by
proposing a competing reorganization plan which satisfies the
requirements set forth in Case v. Los Angeles Lumber Products Co.,
308 U.S. 106, 123, 60 S. Ct. 1 (1939); In re: Mountain Machine, 448
B.R. 1, 18 (Bkrtcy. D. Ariz. 2011). Thus, the Debtor has dealt with
the new value issue inherent in the Debtor’s principal’s
proposed payout schedule and determining the value of the Debtor
and the opportunity for third parties to obtain such value. The
Debtor’s principals are paying more than the value of the
Debtor's business as calculated by typical valuation of
businesses.

As has been noted in an article on real estate trends, although
political and global uncertainty loom over the real estate market,
development continued at a steady pace (Exhibit C). There should be
strong increases in demand in affordable areas and therefor
construction demand will result in the Debtor being able to
continue to operate in the New York City area.

The Debtor believes that the expected annual income should be set
at $350,000 before reorganization expenses, based upon the
projections, which will include all expected earnings and other
expenditures for the benefit of the Debtor’s principals, the
reduced income for the next five (5) years taking into account the
reorganization expenses that must be paid, which reduces the return
and a 50% capitalization rate resulting in a value of $187,500
($375,000 x 50%).

Under the Plan, the Debtor shall make initial payments of $80,000
towards administrative expenses and other Chapter 11 operating
expenses and pay priority tax and wage claims 100% and unsecured
claims over four years after the first year after the Effective
Date.

A full-text copy of the Second Amended Disclosure Statement dated
Jan. 16, 2020, is available at https://tinyurl.com/qp4ufcu from
PacerMonitor.com at no charge.

The Debtor is represented by:

         Leo Fox, Esq.
         630 Third Avenue, 18th Floor
         New York, New York 10017
         Tel: (212) 867-9595
         E-mail: leo@leofoxlaw.com

                     About ABR Builders

ABR Builders -- http://www.abrbuilders.com/-- is a general
contractor serving New York City and the adjoining areas.  Since
its founding in 1995, the Company has constructed high-end
residential houses and commercial projects such as private medical
clinics. ABR manufactures all custom architectural, structural, and
interior components through its in-house resources. At the time of
filing, the estimated assets and debts are $1 million to $10
million.

ABR Builders LLC sought Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 19-11041) on April 4, 2019.  The Debtor was estimated to have
$1 million to $10 million in assets and liabilities as of the
bankruptcy filing.  Leo Fox, Esq., in New York, serves as counsel
to the Debtor.


ACME HOLDINGS: Case Summary & 8 Unsecured Creditors
---------------------------------------------------
Debtor: Acme Holdings of N.Y., Inc.
          DBA Dibble Family Center
        4120 West Main Street Road
        Batavia, NY 14020

Business Description: Acme Holdings of N.Y., Inc. --
                      http://www.dibbleevents.com/-- owns an
                      event venue in Batavia, New York.  It caters
                      to weddings & receptions, holiday & family
                      gatherings, corporate events & conventions,
                      and school functions & fundraisers.

Chapter 11 Petition Date: February 5, 2020

Court: United States Bankruptcy Court
       Western District of New York

Case No.: 20-10204

Debtor's Counsel: David H. Ealy, Esq.
                  CRISTO LAW GROUP LLC
                  d/b/a Trevett Cristo
                  Two State Street, Suite 1000
                  Rochester, NY 14614
                  Tel: (585) 454-2181
                  E-mail: dealy@trevettcristo.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael S. Tomaszewski, president.

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

                     https://is.gd/QLG0Xm


ADVANCED TEXTILES: Honnens to Keep Control With Loan
----------------------------------------------------
Advanced Textiles, LLC and Paul Honnen and Melissa Honnen, filed a
First Amended Joint Plan of Reorganization to disclose that the
contribution by the Honnens will be funded by loans from Andrew
Perlmutter.

The First Amended Plan provides that:  

   * Class 1-H Allowed Interest of AT.  The Debtors will retain
their interest in all estate property.  In consideration for
retaining their interest, the Honnens will contribute $7,500 to the
bankruptcy estate from a personal loan from Mr. Perlmutter.  The
Interest Holders will retain their Allowed Interest in AT, but
unless, and until all senior Allowed Claims are paid in full in
accordance with the terms of the Plan, the Interest Holders shall
receive no distribution on account of their Allowed Interests.  The
Honnens, as the Interest Holders, will fund this amount from a loan
from Andrew Perlmutter.  The loan will bear interest at an annual
rate of 5 percent per annum and will be repaid in 12 equal monthly
payments.  The payments on the loan will only commence after the
payments contemplated under the proposed plan have been made.

   * Class 2-G Allowed Interest of the Honnens.  The Debtors shall
retain their interest in all estate property.  In consideration for
retaining their interest, the Honnens will contribute $7,500 to the
bankruptcy estate from a personal loan from Mr. Perlmutter.  The
loan shall bear interest at an annual rate of 5 percent per annum
and shall be repaid in 12 equal monthly payments.  The payments on
the loan shall only commence after the payments contemplated under
the proposed plan have been made.

A full-text copy of the First Amended Joint Plan of Reorganization
dated January 29, 2020, is available
at https://tinyurl.com/uy7e64g from PacerMonitor.com at no
charge.

Attorneys for the Debtors:

     MARTIN J. MCCUE
     PATRICK F. KEERY
     KEERY MCCUE, PLLC
     6803 EAST MAIN STREET, SUITE 1116
     SCOTTSDALE, AZ 85251
     TEL: (480) 478-0709
     FAX: (480) 478-0787
     E-mail: MJM@KEERYMCCUE.COM
             PFK@KEERYMCCUE.COM

                      Advanced Textiles
    
Advanced Textiles, LLC, was formed on or about June 25, 2009, for
the purpose of manufacturing and manufacturing filtering materials
for windows, doors, fans and HVAC systems.  Advanced Textiles is
recognized throughout the air filtering industry as a cutting-edge
manufacturer, supplier and retailer of custom-made air filter
products.  Many of the products are sold online through an Amazon
account.  The company's only employee is Paul Honnen.  Advanced
Textiles has provided quality products to hundreds of customers for
many years.

Advanced Textiles sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 19-08428) on July 9,
2019.  In the petition signed by its managing member, Paul Honnen,
Advanced Textiles was estimated to have assets of less than $50,000
and debts of less than $1 million.  

On July 9, 2019, Paul Honnen and Melissa Honnen commenced their own
Chapter 11 cases (Case No. 19-08429).

The cases are assigned to Judge Brenda K. Martin.  

Advanced Textiles and the Honnens tapped Keery McCue, PLLC, as
counsel.


AL AMJADY: 801-805 Tahway Buying Elizabeth Property for $750K
-------------------------------------------------------------
Al Amjady filed with the U.S. Bankruptcy Court for the District of
New Jersey a notice of the proposed private sale of the real estate
situated at 801-805 Rahway Avenue, Elizabeth, County of Union, New
Jersey, together with all of the buildings, appurtenant structures,
improvements and fixtures presently located on or appurtenant
located thereon, to 801-805 Tahway, LLC for $750,000, pursuant to
their Contract of Sale.

A hearing on the Motion is set for Feb. 25, 2020 at 11:00 a.m.  

The purchase price will be paid as follow:

     a. Upon execution and delivery of the Contract, to be
delivered to Andrew Radmin, Esq., the counsel for the Debtor -
$75,000

     b. Mortgage - $500,000

     c. At Closing by wire transfer, bank or certified check or
attorney's trust account check - $175,000

The sale will be free and clear of all liens of any nature,
including but not limited to mortgages, security interest, tax
liens or other claims and debts, irrespective of whether same may
be liquidated or unliquidated, absolute or contingent, primary or
secondary, secured or unsecured.

The parties agree that their obligation to consummate the
transaction is subject to the satisfaction of the following
contingencies: If payment of the purchase price requires a mortgage
loan, the Buyer shall apply for the loan through any lending
institution of its choice in writing within 14 days after the
attorney-client period is completed and use its best efforts to
obtain it.  

The Buyer shall supply all necessary information and fees required
by the proposed lender.  The Buyer shall obtain a written
Commitment from the lending institution to make a loan on the
property under the following terms: (i) Amount - $500,000; (ii)
Type of Mortgage - Conventional; (iii) Terms - Commercially
available terms; and (iv) Years -  Seven Year Term, with monthly
payments based upon a 20-year payment schedule.

If the Buyer chooses to have property these inspections, the
inspections must be completed within 30 days of the date of
execution of the Contract by all parties.

The parties agree that there is no broker.  Each agrees to
indemnify the other and hold the other harmless from all claims,
demands, actions, cause of action, suits, proceedings, damages,
liabilities, costs and expenses of every nature whatsoever relating
to the commission, or relating to any claim of commission made by
any person or entity, arising from their respective conduct.

Adjustments shall be made at the time of closing for real estate
taxes, rents, fees, and all other appropriate items.

A copy of the Contract is available at https://tinyurl.com/vwrjwt4
from PacerMonitor.com free of charge.

The Purchaser:

          801-805 RAHWAY, LLC
          805 Rahway Avenue
          Elizabeth, NJ 07202

Al Amjady sought Chapter 11 protection (Bankr. D.N.J. Case No.
19-25650) on Aug. 13, 2019.  The Debtor tapped Andrew I. Radmin,
Esq., at Carkhuff & Radmin P.C., as counsel.


AMERICORE HOLDINGS: Fails to Get OK on JMB Capital $5M DIP Loan
---------------------------------------------------------------
Americore Holdings, LLC and debtor affiliates seek permission from
the Bankruptcy Court to obtain up to $5,000,000 of interim
post-petition financing from JMB Capital Partners Lending, LLC to
(a) fund their post-petition working capital needs during the
pendency of the Chapter 11 cases, (b) pay fees, costs and expenses
of the DIP facility, and (c) pay the allowed administrative costs
and expenses of the Chapter 11 cases, pursuant to the DIP loan
documents.

The DIP facility will bear interest at 12% per annum, payable
monthly.  The DIP facility also required payment of commitment fee
at 3%, funding fee at 2%, and a 5% exit fee, all based on the
facility amount.  The DIP loan will mature on June 30, 2020.

Pursuant to the DIP financing agreement, the DIP Lender is granted
the continuing, valid, binding, enforceable, non-avoidable, and
automatically and properly perfected DIP liens on all DIP
collateral as collateral security for the prompt and complete
performance and payment when due, whether at the stated maturity
date, by acceleration, or otherwise.  Moreover, the DIP obligations
will constitute super-priority claims against each Debtor and their
estates with priority in payment over any and all administrative
expenses.  

In addition, the Debtors also seek to use the cash collateral of
the DIP lender, which cash collateral the Debtors propose to use
until the earlier of the maturity date, or the date the right to
use cash collateral is terminated due to an event of default.  

Parties with interest in the cash collateral are (i) Utica Leaseco,
LLC, (ii) App Group International, (iii) Hop Capital, LLC, (iv)
HMFCH Inc., (v) Smart Business, (vi) Corporation Services Company,
as representative of unknown entity, (vii) CT Corporation Systems,
as representative of unknown entity, (viii) Dell Financial Services
LLC, (ix) Republic Bank and Med One Capital Funding, LLC, (x) Aire
Liquide Healthcare America Corporation, and (xi) Gibbs Technology
Leasing – HG1, LLC.

As adequate protection for the use of the cash collateral, the
Debtors propose to grant the pre-petition secured parties, (the
pre-petition secured parties with respect to the St. Alexius
properties in particular) in the amount equal to the aggregate
diminution in value of the interests in the St. Alexius properties
pre-petition collateral from and after the Petition Date, a valid,
perfected replacement security interest in and lien upon any and
all assets of the Debtors subject to the St. Alexius properties
pre-petition secured parties liens, subordinate to the DIP liens
and the carve-out.  

The Court denied the Debtors' request for DIP financing.

A copy of the DIP motion at https://is.gd/EY3BGF and the DIP order
at https://is.gd/G8uudO are available from PacerMonitor.com at no
charge.

                  About Americore Holdings

Americore Holdings, LLC and its affiliates, including Americore
Health LLC, own and operate the Ellwood City Medical Center in
Pennsylvania, Southeastern Kentucky Medical Center (formerly
Pineville Community Hospital), Izard County Medical Center in
Arkansas; and St. Alexius Hospital in St. Louis.

Americore Holdings and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ky. Case No.
19-61608) on Dec. 31, 2019.  At the time of the filing, the Debtor
had estimated assets of less than $50,000 and liabilities of less
than $50,000.  Judge Gregory R. Schaaf oversees the case.  Bingham
Greenebaum Doll, LLP is the Debtor's legal counsel.






AMERICORE HOLDINGS: Gets Permission to Use Cash Collateral
----------------------------------------------------------
Judge Gregory R. Schaaf authorized Americore Holdings, LLC and
debtor affiliates to use cash collateral on an interim basis,
pursuant to the budget.

The secured creditors with an interest in the cash collateral are
granted a replacement lien in all property  owned, acquired or
generated post-petition by the operating Debtors to the extent of
the diminution in the value of their interests in the cash
collateral, which lien is subordinate to the carve-out.

The Debtors' right to use cash collateral will terminate upon the
entry of an order (i) dismissing or converting the Debtor's Chapter
11 case to a case under Chapter 7 of the Bankruptcy Code, or (ii)
determining that the Debtors are in default of their obligations
under this cash collateral order or a future order granting the
motion for the continued use of cash collateral.

A copy of the interim order, with the budget of individual debtors,
is available free of charge at https://is.gd/clmXFg from
PacerMonitor.com.

                    About Americore Holdings

Americore Holdings, LLC and its affiliates, including Americore
Health LLC, own and operate the Ellwood City Medical Center in
Pennsylvania, Southeastern Kentucky Medical Center (formerly
Pineville Community Hospital), Izard County Medical Center in
Arkansas; and St. Alexius Hospital in St. Louis.

Americore Holdings and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ky. Case No.
19-61608) on Dec. 31, 2019.  At the time of the filing, the Debtor
had estimated assets of less than $50,000 and liabilities of less
than $50,000.  Judge Gregory R. Schaaf oversees the case.  Bingham
Greenebaum Doll, LLP is the Debtor's legal counsel.




AMERICORE HOLDINGS: Seeks Authority to Use Cash Collateral
----------------------------------------------------------
Americore Holdings, LLC and its affiliates asked the Bankruptcy
Court to authorize use of cash collateral on an interim basis for
working capital, general corporate purposes and to pay
administrative costs and expenses of the Debtors in the ordinary
course of business, subject to the budgets.

The Debtors seek to use cash collateral until upon entry of an
order (i) dismissing or converting the Chapter 11 Cases to cases
under chapter 7 of the Bankruptcy Code, or  (ii) determining that
any of the Debtors is in default of its obligations under the
interim cash collateral order or a future order authorizing the
continued use of cash collateral.

Parties who have an interest in the cash collateral include (i)
Utica Leaseco, LLC, (ii)  App Group International, (iii) Hop
Capital, LLC, (iv)  HMFCH Inc., (v) Smart Business, (vi)
Corporation Services Company, as representative of unknown entity,
(vii) CT Corporation Systems, as representative of unknown entity,
(viii) Dell Financial Services LLC, (ix) Republic Bank and Med One
Capital Funding, LLC, (x) Aire Liquide Healthcare America
Corporation, (xi) Gibbs Technology Leasing – HG1, LLC.

The Debtors also asked the Court to grant the secured creditors
replacement liens, subject to the carve-out, in an amount equal to
the aggregate diminution of its interests in the cash collateral,
as adequate protection.

The carve-out includes:

   (a) amounts payable to the U.S. Trustee and to the Clerk of the
Bankruptcy Court;

   (b) unpaid fees, costs, and expenses incurred by professional
retained by the Debtors, pursuant to the budget;

   (c) following a termination event, up to $200,000 in Debtors'
professional fees;

   (d) unpaid fees, costs, and expenses incurred by professional
retained by any official committee of unsecured creditors appointed
in the Debtors' Chapter 11 cases, pursuant to the budget.

A copy of the motion is available at https://is.gd/hGZCt5 from
PacerMonitor.com free of charge.

                   About Americore Holdings

Americore Holdings, LLC and its affiliates, including Americore
Health LLC, own and operate the Ellwood City Medical Center in
Pennsylvania, Southeastern Kentucky Medical Center (formerly
Pineville Community Hospital), Izard County Medical Center in
Arkansas; and St. Alexius Hospital in St. Louis.

Americore Holdings and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ky. Case No.
19-61608) on Dec. 31, 2019.  At the time of the filing, the Debtor
had estimated assets of less than $50,000 and liabilities of less
than $50,000.  Judge Gregory R. Schaaf oversees the case.  Bingham
Greenebaum Doll, LLP is the Debtor's legal counsel.


ANTERO RESOURCES: S&P Lowers ICR to 'B+'; Outlook Negative
----------------------------------------------------------
S&P Global Ratings took various rating actions on nine U.S oil and
gas (O&G) exploration and production (E&P) companies after
completing a review of the sector. This review followed the recent
revision of S&P's natural gas hydrocarbon price assumptions.

"For many of the issuers, the rating actions reflect our concerns
about their liquidity, revolving credit facility borrowing-base
redeterminations, refinancing risk, and capital market access or
our expectation for weaker credit measures due to lower prices. We
are particularly concerned about some of the issuers' ability to
access the capital markets given investor aversion to the space and
their current bond trading yields," S&P said.

A list of the ratings actions S&P took on the affected companies
follows.

DOWNGRADES

Antero Resources Corp.

Issuer credit rating lowered to 'B+' From 'BB', outlook negative.
Senior unsecured issue-level rating lowered to 'BB-' from 'BB' and
recovery rating revised to '2' from '3'.

The downgrade reflects S&P's view that Antero will be challenged to
address its daunting upcoming debt maturities in 2021, 2022, and
2023 due to lower natural gas and natural gas liquids (NGL) prices.
S&P views Antero's high operating costs--albeit improving due, in
part, to the recent midstream renegotiation--as a disadvantage
relative to those of the company's peers during periods of weak
commodity prices. S&P forecasts that the company's upstream
spending will outpace its internally generated cash flow through
next year as it invests to increase its production and fill unused
pipeline capacity commitments. S&P's analysis incorporates the
company's favorable hedge position through 2021 and the potential
it will raise funds through asset sales, including by selling its
interest in Antero Midstream and royalty interests in its acreage.

Ascent Resources Utica Holdings LLC

Issuer credit rating lowered to 'B' from 'B+', outlook negative.
Senior unsecured issue-level rating lowered to 'B+' from 'BB-' and
recovery rating affirmed at '2'.

The downgrade reflects Ascent Resources' (ARU) $975 million of debt
maturing in 2022 and large outstanding drawings under its
reserve-based lending facility at a time of weak industry
fundamentals and poor investor sentiment. S&P believes the
depressed market conditions may make it more difficult for ARU to
refinance its debt and anticipate that its cost of funding will
likely increase. Nevertheless, thanks to the company's strong
hedging positions through 2022, S&P expects that the company will
maintain adequate credit metrics for the current rating and
generate positive free cash flow in 2020. The rating agency notes
that the borrowing base and commitments under the company's
facility were affirmed at $2 billion and that its maturity date was
extended to April 2024. The negative outlook reflects the potential
for further downgrades if the company does not refinance its debt
maturing in 2022 in the next 12-18 months.

CNX Resources Corp.

Issuer credit rating lowered to 'B+' from 'BB-', outlook negative.
'BB-' senior unsecured issue-level rating affirmed and recovery
rating revised to '2' from '3'.

The downgrade reflects the weaker commodity prices and S&P's view
that the company has limited access to the unsecured debt markets
to address its maturities beginning in early 2022. S&P notes that
the company has credit facility availability that could be utilized
for refinancing in the event that capital markets remain closed. It
projects that CNX's funds from operations (FFO)-to-debt ratio will
be in the mid-20% area in 2021. S&P's analysis also incorporates
the company's substantial hedge position, recent midstream
simplification and project finance transaction, and the rating
agency's forecast that it will generate cash flow after capital
spending and midstream distributions over the next two years.

EQT Corp.

Issuer credit rating lowered to 'BB+' from 'BBB-', outlook
negative. Senior unsecured issue-level rating lowered to 'BB+' from
'BBB-' and '3' recovery rating assigned.

The downgrade reflects S&P's weaker estimated credit measures for
the company as its hedges roll off. The downgrade also reflects the
uncertainty around the timing and benefits of its plan to reduce
its debt and improve costs. EQT is exploring potential asset sales
that would enable it to reduce its debt, including by divesting its
interest in ETRN, a royalty interest in producing properties, and
acreage. S&P believes the market conditions for selling these
assets have deteriorated. EQT's ability to meet its target of $1.5
billion of proceeds in the next few months is key for the company
to meet S&P's debt reduction expectations and support the current
rating. EQT is also negotiating to restructure a midstream contract
to reduce its natural gas gathering and processing fees. These
negotiations have taken longer than S&P anticipated and the rating
agency views the benefits for the company as uncertain depending on
the ultimate structure.

Gulfport Energy Corp.

Issuer credit rating lowered to 'B' from 'B+', outlook negative.
Senior unsecured issue-level rating lowered to 'B' from 'BB-' and
recovery rating revised to '3' from '2'.

The downgrade reflects S&P's expectation for weaker financial
measures at Gulfport following the reduction in the rating agency's
natural gas price deck assumptions as well as weaker-than-expected
NGL pricing. S&P projects that the company's FFO to debt will
decline toward 20% while its total debt to EBITDA remains above 3x
in 2020. Additionally, the rating agency notes that, although the
company is about 50% hedged for natural gas in 2020 at
approximately $2.88 per million Btu (mmBtu), it currently has
minimal hedges in place for 2021, which could lead it to face
additional pressure when its revolving credit facility matures in
December 2021. Finally, given where its bond prices are currently
trading, S&P suspects Gulfport has limited access to the capital
markets if needed, although the rating agency notes that the next
maturity is not until May 2023.

Range Resources Corp.

Issuer credit rating lowered to 'BB-' from 'BB', outlook negative.
Senior unsecured issue-level rating lowered to 'BB-' from 'BB' and
recovery rating affirmed at '3'.

The downgrade reflects S&P's assessment that Range's credit
measures will deteriorate due to weak natural gas prices. It also
reflect S&P's belief that the company will be challenged to address
its upcoming debt maturities in 2022 and 2023 without substantially
drawing on its credit facility. While Range tapped the unsecured
debt markets in January, the rating agency views the company's
current access as constrained. It also views the company's pursuit
of additional asset sales as hampered by low commodity prices.
S&P's analysis incorporates Range's successful royalty interest
sales in 2019, the debt tender it completed earlier this year, its
hedge position--which provides it with a measure of cash flow
protection in 2020--and the rating agency's expectation that the
company can internally fund the capital spending necessary to
maintain its production levels.

OUTLOOK REVISIONS

Comstock Resources Inc.

Outlook revised to negative from stable, 'B' issuer credit rating
affirmed.

S&P's negative outlook on Comstock Resources reflects the company's
narrow liquidity position and increased borrowing base
redetermination risk during the upcoming redetermination cycles.
Notwithstanding the company's lack of near-term debt maturities and
positive free cash flow forecast, S&P expects the company's credit
metrics to weaken following the reduction in the rating agency's
natural gas price deck assumptions and now expect its FFO to debt
to average in the low-20% area and its debt to EBITDA to increase
to approximately 3.5x.

Southwestern Energy Co.

Outlook revised to negative from stable, 'BB' issuer credit rating
affirmed.

The outlook revision reflects S&P's forecast that the company's
credit measures will be at the lower end of the rating agency's
expected range for the current rating over the next year due to
lower natural gas prices. While S&P expects Southwestern to
outspend its internally generated cash flow this year to develop
its liquids-rich West Virginia acreage, it will largely fund the
outspend with the proceeds from the divestiture of its Fayetteville
properties in late 2018. S&P's analysis also incorporates the
company's low operating costs and lack of debt maturities before
2022.

RATING AFFIRMATION

Montage Resources Corp.

'B-' issuer credit rating affirmed, outlook remains stable.

S&P expects Montage to slow its drilling and focus on liquids-rich
areas because of low natural gas prices, which will keep its
capital spending within its cash flow in 2020 and 2021. The stable
outlook reflects S&P's forecast that Montage will maintain solid
credit metrics for the current rating in the next two years,
including FFO to debt of about 30% and debt to EBITDA of 2.0x-2.5x.
S&P assesses the company's liquidity as adequate given its $343
million of availability under its credit facility as of the end of
September 2019, the rating agency's anticipation for positive free
cash flow, and the lack of debt maturities before 2023.

  Ratings List

  Downgraded
                               To                 From
  Antero Resources Corp
   Issuer Credit Rating        B+/Negative/--     BB/Negative/--

  Issue-Level Ratings Lowered; Recovery Ratings Revised

  Antero Resources Corp

   Senior Unsecured            BB-                BB
    Recovery Rating            2(85%)             3(65%)

  Antero Resources Finance Corp.

   Senior Unsecured            BB-                BB
    Recovery Rating            2(85%)             3(65%)

  Downgraded
                               To                 From
  Ascent Resources Utica Holdings LLC
   Issuer Credit Rating        B/Negative/--      B+/Negative/--

  Issue-Level Ratings Lowered; Recovery Ratings Unchanged

  Ascent Resources Utica Holdings LLC
   Senior Unsecured            B+                 BB-
    Recovery Rating            2(85%)             2(85%)

  ARU Finance Corp.
   Senior Unsecured            B+                 BB-
    Recovery Rating            2(85%)             2(85%)

  Downgraded
                               To                 From
  CNX Resources Corp
   Issuer Credit Rating        B+/Negative/--     BB-/Negative/--

  Issue-Level Ratings Affirmed; Recovery Ratings Revised

  CNX Resources Corp
   Senior Unsecured            BB-               BB-
    Recovery Rating            2(80%)            3(65%)

  Issue-Level Ratings Lowered; Recovery Ratings Unchanged

   Senior Secured              BB                BB+
    Recovery Rating            1(95%)

  Ratings Affirmed; Outlook Action
                               To                From
  Comstock Resources Inc.
   Issuer Credit Rating        B/Negative/--     B/Stable/--

  Issue-Level Ratings Affirmed; Recovery Rating Unchanged

  Comstock Resources Inc.
   Senior Unsecured            B
    Recovery Rating            3(65%)

  Downgraded
                               To                From
  EQT Corp.
   Issuer Credit Rating        BB+/Negative/--   BBB-/Negative/--

  Issue-Level Rating Lowered; Recovery Rating Assigned

  EQT Corp.

   Senior Unsecured            BB+               BBB-
    Recovery Rating            3(65%)

  Downgraded; Outlook Action
                               To                From
  Gulfport Energy Corp.

   Issuer Credit Rating        B/Negative/--     B+/Stable/--

  Issue-Level Ratings Lowered; Recovery Ratings Revised
                               To                From
  Gulfport Energy Corp.
   Senior Unsecured            B                 BB-
    Recovery Rating            3(60%)            2(85%)

  Ratings Affirmed

  Montage Resources Corp
   Issuer Credit Rating        B-/Stable/--

  Montage Resources Corp
  Senior Unsecured             B
   Recovery Rating             2(85%)

  Downgraded
                               To                From
  Range Resources Corp.
   Issuer Credit Rating        BB-/Negative/--   BB/Negative/--
   Senior Unsecured            BB-               BB
    Recovery Rating            3(65%)
   Subordinated                BB-               BB
    Recovery Rating            3(65%)

  Ratings Affirmed; Outlook Action
                               To                From
  Southwestern Energy Co.
   Issuer Credit Rating        BB/Negative/--    BB/Stable/--

  Issue-Level Ratings Affirmed; Recovery Ratings Unchanged

  Southwestern Energy Co.
   Senior Unsecured            BB
    Recovery Rating            3(65%)


APG SUBS: Bank Given More Time to Reply to Ray's' Equipment Auction
-------------------------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland extended Xenith Bank's time to respond to the proposed
auction sale by Ray's Subway, Inc., an affiliate of APG Subs, Inc.,
of its equipment, inventory, and other assets located at store no.
31078 at 426 East Main Street, Middletown, Delaware, free and clear
of all liens and encumbrances.

On Dec. 23, 2019, Ray's Subway filed its Middletown Auctioneer
Application.  The deadline to respond to the Middletown Sale Motion
and Middletown Auctioneer Application is Jan. 13, 2020.  The Bank
requested, and the Debtors have agreed, and the Court approved,
that the Bank be permitted an extension of time to file a
response(s) to the Middletown Sale Motion and Middletown Auctioneer
Application on Jan. 17, 2020.  

                       About APG Subs Inc.

APG Subs, Inc., based in Edgewood, MD, and its affiliates sought
Chapter 11 protection (Bankr. M.D. Lead Case No. 19-18315) on June
19, 2019.  In the petition signed by Raymond Burrows, III,
president, the Debtor APG Subs. disclosed total assets of $28,177,
and estimated total liabilities of $1,268,112 in both assets and
liabilities.  The Hon. David E. Rice oversees the case.  Marc R.
Kivitz, Esq., at the Law Office of Marc R. Kivitz, serves as
bankruptcy counsel to the Debtors.


ARRO CORP: Sets Bidding Procedures for Substantially All Assets
---------------------------------------------------------------
Arro Corp. asks the U.S. Bankruptcy Court for the Northern District
of Illinois to authorize the bidding procedures in connection with
the auction sale of all or substantially all of its assets.

The Debtor has determined that its ability to obtain the necessary
long-term funding needed to support an internal plan of
reorganization will not likely be forthcoming.  It has concluded
that it is advisable to entertain offers immediately to acquire a
substantial portion or substantially all of its assets as a going
concern on an expedited basis.  

The Debtor believes that any significant delay in embarking upon a
sale process is likely to have a material adverse effect on the
value of the assets being offered for sale, given what will be the
ongoing administrative costs of the Chapter 11 Case, a continuing
decline in sales volumes, and the resulting limitations on the cash
flow needed to continue operations.  Additionally, as part of its
agreement to obtain post-petition financing, the Debtor is required
to meet certain milestones in connection with a Court-approved
auction and sale process.

The Debtor is currently engaged in the business of manufacturing,
packaging, and distributing bulk mixes, powdered beverages,
ingredients, cereals, trail mix, nuts, and other food products.
The business consists of two distinct divisions: (a) contract
manufacturing, packaging, and distribution of retail food based
products ("Food Division"); and (b) bulk packaging of commodity
ingredients and liquid sugar refining for commercial application
("Bulk Division").  The Debtor is offering for sale, as going
concerns, the following (a) the Food Division separately; (b) the
Bulk Division separately; or (c) the Food Division and the Bulk
Division together.

As of the Petition Date, the Debtor was primarily indebted to the
following secured lenders: (a) BMO Harris Bank, N.A.; and (b) the
United States Small Business Administration.  In addition to the
SBA and BMO, the Debtor has entered into certain purchase money
security interests with unaffiliated third parties, including but
not limited to: Quincy Recycle Paper, Inc.; Toyota Industries
Commercial Finance, Inc.; and Hitachi Capital America Corp.

Shortly after the Petition Date, the Debtor filed its DIP/Cash
Collateral Motion.  The DIP Agreement provides the Debtors access
to $2,964,545 in the aggregate maximum principal amount, consisting
of $2 million on an interim basis and the balance of $964,545 on a
final basis; and (b) the consensual use of Cash Collateral.  On
Dec. 19, 2019, the Court granted the DIP/Cash Collateral Motion on
an interim basis.  On Jan. 9, 2020, it granted the DIP/Cash
Collateral Motion on a final basis.

In order to effectuate a robust marketing process for the Sale
Property, the Debtor retained Livingstone Partners, LLC on the
Petition Date as its exclusive investment banker in connection with
the possible sale of all or substantially all asset pursuant to
their Engagement Agreement dated as of Dec. 13, 2019.  As of the
filing hereof, Livingstone's retention has not yet been formally
approved by the Bankruptcy Court, but the Debtor anticipates formal
retention between filing and presentment of the Motion.   The
Debtor believes Mr. Joseph Greenwood of Livingstone has extensive
experience in, and an excellent reputation for, providing high
quality investment banking services in bankruptcy proceedings and
other distressed situations.

By the Motion, the Debtor asks the entry of two orders.  It first
asks entry of the Sale Procedures Order: (a) establishing
procedures for the Asset Sale, including a form asset purchase
agreement, break-up fee, and bid protection; (b) establishing
procedures relating to the assumption and assignment of executory
contracts and unexpired leases; (c) approving form notices of the
sale and other form notices; and (d) scheduling a public auction
for the Sale Property and a hearing to consider the approval of the
Asset Sale.

The Debtor asks that at the Sale Hearing, the Court enters a second
order, the Sale Approval Order, inter alia: (a) approving the sale
of the Debtor's assets free and clear of claims, liens, and
encumbrances; (b) approving the assumption and assignment of
executory contracts and unexpired leases; and (c) granting related
relief.  It intends for the bidding and sale process to occur in
regular communication and consultation with Livingstone, the
Committee, BMO, the SBA, and the Other Secured Parties.

In order to expedite the consideration of competing bids, the
Debtor proposes that any bidders for the Sale Propertys asking to
serve as the Stalking Horse and/or bid at the Auction be required
to submit their bid substantially in the form of the Asset Purchase
Agreement (Exhibit A), subject to final approval at the Sale
Hearing.  The Debtor proposes a sale process to be completed
subject to and in accordance with the proposed form of Approved
Bidding Procedures (Exhibit B).  

The Bidding Procedures may be summarized as follows:

     a. The Sale Property will be offered for sale in the following
lots: (i) Lot 1 - The Food Division Property; (ii) Lot 2 - The Bulk
Division Property; and (iii) Lot 3 - The Combined Property.

     b. Notice of Approved Bidding Procedures: Once authorized by
the court, the Debtor proposes to serve copies of the Bidding
Procedures upon all Notice Parties.  Additionally, it will serve
the Summary Notice of Sale upon all known creditors whose mail has
not been returned as undeliverable.

     c. Bid Deadline: Feb. 21, 2020 at 6:00 p.m. (CT)

     d. Deposit: 10% of Bid

     e. Stalking Horse: The Debtor, after consultation with the
Constituent Parties, may (but is not required to) designate one
Qualified Bid to serve as the stalking horse bid in connection with
the Asset Sale by 6:00 p.m. (CT) on Feb. 14, 2020. The party
submitting a Stalking Horse Bid (the “Stalking Horse

     f. Bid Protection: $250,000

     g. Break-Up Fee: 3% of the Stalking Horse Bid

     h. Auction: The Bidding Procedures will specify the date and
location of the Auction, which is presently contemplated to be held
at the offices of counsel for the Debtor on Feb. 25, 2020 at 10:00
a.m. (CT).

     i. Sale Hearing: Feb. 27, 2020

     j. Closing: 15 business days following entry of the Sale
Approval Order

As part of the Motion, the Debtor asks authority to assume and
assign the executory contracts and unexpired leases identified in
the Prevailing Bid.  Within two business days after the Bid
Deadline, the Debtor will file the Assumption Notice.  The Cure
Amount/Assignment Objection is Feb. 26, 2020 or five days after
service of the relevant Supplemental Assumption Notice.

A copy of the APA and the Bidding Procedures is available at
https://tinyurl.com/rpksbp6 from PacerMonitor.com free of charge.

A hearing on the Motion is set for Jan. 23, 2020 at 9:30 a.m.

                   About Arro Corporation

Arro Corporation -- https://arro.com/ -- provides food contract
manufacturing, processing, logistics and warehousing services.  It
offers custom dry, liquid blending, reprocessing, bulk handling and
processing services.

Arro Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 19-35238) on Dec. 13,
2019.  At the time of the filing, the Debtor disclosed assets of
between $10 million and $50 million and liabilities of the same
range.  Judge Janet S. Baer oversees the case.  

Adam P. Silverman, Esq., at Adelman & Gettleman, Ltd., is the
Debtor's legal counsel.  Livingstone Partners LLC serves as the
Debtor's investment banker.

On Dec. 23, 2019, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee selected
Goldstein & McClintock LLLP as its counsel and Conway Mackenzie,
Inc., as its financial advisor.



ASBURY AUTOMOTIVE: S&P Affirms 'BB+' ICR; Ratings Off Watch Neg.
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' issuer credit rating on
Georgia-based auto retailer Asbury Automotive Group Inc. and
removed all of its ratings (including issue-level ratings) from
CreditWatch with negative implications, where they were placed on
Dec. 12, 2019.

The rating actions come after the company announced details of its
final capital structure to acquire certain assets of luxury dealer
group Park Place Dealerships for $1 billion.

S&P said, "We also assigned a 'BB' issue-level rating and '5'
recovery rating to Asbury's proposed $1,125 million senior
unsecured notes (issued in two tranches due in 2028 and 2030), the
same as its existing senior subordinated notes. We expect to
withdraw ratings on the existing $600 million notes due 2024 upon
close of this transaction."

"Before this acquisition, Asbury maintained a disciplined financial
policy through prudent mergers and acquisitions.  The rating
affirmation reflects our expectation that Asbury's pro forma
leverage of about 4.3x at the end of 2020 will only temporarily be
above our downgrade trigger of 4x, and will fall marginally below
that in about 24 months because of EBITDA growth and the company's
commitment to debt reduction. Asbury has historically operated with
leverage of 3x-3.5x and will suspend share repurchases to focus on
acquisition integration, synergy realization, and debt reduction.
We also expect free operating cash flow (FOCF) to debt to rise
above our downside trigger of 10% by 2021."

"The negative outlook incorporates some risk that Asbury could not
deleverage in line with our base case because of unexpected
profitability shortfalls or tougher macroeconomic trends. We expect
S&P Global Ratings-adjusted leverage will decline to below 4x in
2021 from about 4.3x at the end of 2020."

"We could lower the rating if leverage remains above 4.5x by
year-end 2020 because of problems integrating acquisitions or an
economic downturn that lowers EBITDA growth below our base-case
expectation. A downgrade could also occur if, contrary to our base
case, Asbury's financial policy supports debt-funded acquisitions
or share repurchases ahead of debt reduction over the next 12
months."

"We could revise the outlook to stable if debt to EBITDA appears on
track to fall below 4x by 2021, with FOCF to debt over 10%, through
a combination of debt reduction and EBITDA growth with minimal
acquisition integration issues."


ASSUREDPARTNERS INC: Moody's Rates New Secured Credit Loans B2
--------------------------------------------------------------
Moody's Investors Service has assigned B2 ratings to a new
five-year senior secured revolving credit facility and a new
seven-year senior secured term loan being issued by
AssuredPartners, Inc. The new facilities will refinance the
company's existing $267.5 million revolver and $1.9 billion senior
secured term loan with higher face amounts and longer maturities.
The company will use the incremental proceeds to fund acquisitions
and pay related fees and expenses. Moody's expects to withdraw the
ratings on the existing revolver and term loan once the refinancing
closes. The rating outlook for AssuredPartners remains unchanged at
stable.

RATINGS RATIONALE

AssuredPartners' ratings reflect its growing presence in middle
market insurance brokerage, its good mix of business across
property & casualty insurance and employee benefits, and its
healthy EBITDA margins, according to Moody's. The company has made
organizational changes to improve its organic growth, which Moody's
expects will be in the low single digits in 2020. AssuredPartners
is an active acquirer, having completed 53 acquisitions in 2019.
The company allows acquired brokers to operate fairly autonomously,
maintain their local and regional brands, while centralizing
accounting and control functions, as well as certain carrier
relationships.

Offsetting these strengths are the company's large volume of
acquisitions coupled with aggressive financial leverage and
significant cash outflows related to contingent earnout
liabilities. Given the company's high volume of acquisitions, its
existing and acquired operations face potential liabilities from
errors and omissions in the delivery of professional services. The
company's persistently high financial leverage leaves little room
for error in managing its existing and acquired operations.

Moody's estimates that AssuredPartners' pro forma debt-to-EBITDA
ratio will be slightly higher than 7.5x and its EBITDA margin will
be in the mid to high 20s, after giving effect to the proposed
incremental borrowing along with associated run-rate EBITDA from
acquisitions. Pro forma (EBITDA - capex) interest coverage will be
around 2x with a free-cash-flow-to-debt ratio in the low single
digits. These pro forma metrics include Moody's adjustments for
operating leases, deferred earnout obligations, run-rate earnings
from completed and pending acquisitions, and certain non-recurring
costs. Moody's expects the company to reduce its debt-to-EBITDA
ratio below 7.5x over the next few quarters through continued
EBITDA growth and slight amortization of the term loan. While the
performance-based deferred earnout arrangements promote growth
among the company's acquired brokers, they also add to its
financial leverage and near-term cash outflows.

Factors that could lead to an upgrade of AssuredPartners' ratings
include: (i) debt-to-EBITDA ratio below 6x, (ii) (EBITDA - capex)
coverage of interest consistently exceeding 2x, and (iii)
free-cash-flow-to-debt ratio exceeding 5%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio remaining above 7.5x, (ii) (EBITDA - capex)
coverage of interest below 1.2x, or (iii) free-cash-flow-to-debt
ratio below 2%.

Moody's has assigned the following ratings (and loss given default
(LGD) assessments):

  Five-year senior secured revolving credit facility at B2 (LGD3),

  Seven-year senior secured term loan at B2 (LGD3).

The following ratings and LGD assessments remain unchanged:

  Corporate family rating B3;

  Probability of default rating B3-PD;

  $250 million ($135 million outstanding) delayed draw senior
  secured term loan maturing in October 2024, rated B2 (LGD3);

  $500 million senior unsecured notes maturing in August 2025,
  rated Caa2 (LGD5);

  $475 million senior unsecured notes maturing in May 2027,
  rated Caa2 (LGD5).

The rating outlook for AssuredPartners is unchanged at stable.

Moody's will withdraw AssuredPartners' existing revolver and term
loan ratings (along with LGD assessments) upon closing of the
refinancing, as these facilities will be repaid/terminated.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in June 2018.

Based in Lake Mary, Florida, AssuredPartners ranks among the 15
largest US insurance brokers. The company generated revenue of $1.2
billion for the 12 months through September 2019.


AVIANCA HOLDINGS: Will Investigate Relationship with Airbus
-----------------------------------------------------------
Avianca Holdings S.A. has retained the services of Ropes & Gray, an
international law firm, to conduct an independent internal
investigation into its relationship with Airbus SE and whether it
has been the victim of wrongdoing.  The move came following the
recently announced settlement between Airbus and authorities in
France, the UK, and the United States regarding "corrupt" business
practices at Airbus.

Avianca said it will take all legal actions necessary to defend the
interests of the Company and its shareholders, and will fully
collaborate with all of the relevant authorities in France, the
United States, the United Kingdom and other countries as
appropriate.

"Airbus's disclosure contains deeply concerning information
regarding alleged actions by an individual at Avianca in the period
prior to March 2016.  Our current management team strongly rejects
any conduct that does not reflect integrity and transparency in
business in general, and in particular towards Avianca.  We will
take all steps necessary to defend the Company's interests, working
together with the relevant authorities," emphasized Anko van der
Werff, president and CEO of Avianca Holdings.

                    About Avianca Holdings S.A.

Avianca Holdings SA -- http://www.avianca.com/-- is a Panama-based
company engaged, through its subsidiaries, in the provision of air
transportation services for passengers and commercial purposes.
With a fleet of 175 aircraft, Avianca serves 76 destinations in 27
countries within the Americas and Europe.

KPMG S.A.S., in Bogota, Colombia, the Company's auditor since 2018,
issued a "going concern" qualification in its report dated April
26, 2019, on the Company's consolidated financial statements for
the year ended Dec. 31, 2018, citing that the controlling
shareholder of the Company obtained a loan and pledged its shares
in Avianca Holdings S.A. as security for this loan agreement (the
loan agreement), which requires compliance with certain covenants
by the controlling shareholder, including compliance with the
Company financial ratios.  Breach of these covenants provides the
lender the right to enforce the security, leading to a change of
control over the Company.  A change of control over the Company
would breach covenants included in some loan and financing,
aircraft rental, and other agreements of the Company, which in turn
could trigger early termination or cancelation of these contracts.
On April 10, 2019, the Company was informed by the controlling
shareholder and its lender, that there was a non-compliance with
covenants established in the controlling shareholder's loan
agreement, and no waiver was in place; thus, there is a potential
risk of change of control.  The auditors said this circumstance
raises a substantial doubt about the Company's ability to continue
as a going concern.

As of Dec. 31, 2018, Avianca Holdings had US$7.11 billion in total
assets, US$6.12 billion in total liabilities, and US$992.46 million
in total equity.

                           *   *   *

As reported by the TCR on Dec. 19, 2019, Fitch Ratings upgraded
Avianca Holdings' Long-Term Foreign and Local Currency Issuer
Default Ratings to 'CCC+' from 'RD'.  The upgrades follow Avianca's
announcement that it has completed its debt restructuring,
including receipt of a US$250 million convertible secured
stakeholder facility loan from United Airlines, Inc. (BB/Stable)
and Kingsland Holdings Limited.


BIOPHARMX CORPORATION: Bosacki Succeeds Tierney as CEO
------------------------------------------------------
David S. Tierney, M.D. resigned as the president, chief executive
officer, principal financial officer, and as an employee of
BioPharmX Corporation on Jan. 30, 2020.  Dr. Tierney remains on the
board of directors of the Company and his resignation was not the
result of any disputes or disagreements with the Company on any
matter.

Dr. Tierney has resigned in order to eliminate the salary and
benefit payments (including change-of-control payments) that would
otherwise have been due to him under his Offer Letter with the
Company, dated as of Sept. 11, 2018 upon the closing of the merger
contemplated by the previously disclosed Agreement and Plan of
Merger, dated Jan. 28, 2020, between the Company, BITI Merger Sub,
and Timber Pharmaceuticals LLC.  His resignation at this time,
ahead of that change-of-control, makes his separation from the
Company a voluntary resignation without Good Reason, as defined in
the Tierney Offer Letter, thus eliminating the Company's obligation
to make these payments.  However, the Company will pay Dr. Tierney
his accrued compensation through the date of his resignation and
will pay his COBRA premiums for medical insurance through the
earlier of completion of the Merger or June 30, 2020.  Further, the
vested stock options to purchase shares of the Company's common
stock that Dr. Tierney currently holds (currently out-of-the money)
will remain exercisable for such period as is provided in the stock
incentive plan under which such options were granted.

Effective Jan. 30, 2020, Steven M. Bosacki, age 61, has been
appointed to serve as the Company's chief executive officer and
principal financial officer.  Mr. Bosacki joined the Company in
July 2019 as the Company's chief operating officer.  In connection
with his July 2019 appointment as chief operating officer, on July
16, 2019, the Company and Mr. Bosacki executed an employment offer
letter.  In addition, the Company previously entered into an
indemnification agreement with Mr. Bosacki. Finally, in connection
with the Merger, Mr. Bosacki has agreed to waive the
change-of-control payments that would have been due to him under
the Bosacki Offer Letter upon the closing of the Merger.

Prior to joining the Company, (i) from July 2017 to October 2018,
Mr. Bosacki served as a member with Fairway Pharmaceuticals, LLC, a
pharmaceutical and medical device consulting company, (ii) from May
2016 to June 2017, Mr. Bosacki served as an executive director at
Mission Pharmacal Company, a pharmaceutical company, (iii) from
August 2013 to May 2016, Mr. Bosacki served as president and chief
executive officer of Lautus Pharmaceuticals, LLC, a pharmaceutical
company focused on dermatology and aesthetics markets, and (iv)
from April 2008 through the company's sale to Salix
Pharmaceuticals, Ltd. in December 2011, Mr. Bosacki served as
senior vice president and general counsel of Oceana Therapeutics,
Inc., a specialty pharmaceutical company. Further, prior to joining
Oceana, Mr. Bosacki served as senior vice president and general
counsel for Esprit Pharma, Inc., a pharmaceutical company, which
was acquired by Allergan, Inc. in 2007.  Earlier in his career, Mr.
Bosacki served in a variety of management positions at Cardinal
Health, Inc., a healthcare services company.  Mr. Bosacki holds a
law degree from the University of Detroit School of Law, and a law
degree, a Master of Business Administration and a Bachelor of
Commerce degree from the University of Windsor in Canada.

                        About BioPharmX

Headquartered in San Jose, California, BioPharmX is a specialty
pharmaceutical company focused on developing prescription products
utilizing its proprietary HyantX Topical Delivery System for
dermatology indications.

BioPharmX reported a net loss and comprehensive loss of $17.26
million for the year ended Jan. 31, 2019, following a net loss and
comprehensive loss of $16.64 million for the year ended Jan. 31,
2018.  As of Oct. 31, 2019, the Company had $3.13 million in total
assets, $2.41 million in total liabilities, and $717,000 in total
stockholders' equity.

BPM LLP, in San Jose, California, the Company's auditor since 2014,
issued a "going concern" qualification in its report dated March
14, 2019, citing that the Company's recurring losses from
operations, available cash and accumulated deficit raise
substantial doubt about its ability to continue as a going concern.


BLOCK COMMUNICATIONS: Moody's Rates Sr Secured Credit Facility Ba1
------------------------------------------------------------------
Moody's Investors Service affirmed Block Communications, Inc.'s
Ba3 Corporate Family Rating and Ba3-PD Probability of Default
Rating  in connection with a proposed $285 million Senior Secured
Credit Facility consisting of a 5-year, $110 million revolving
credit facility (due 2025) and a 7-year, $175 million Term Loan B
(due 2027), and a new 8-year, $300 million Senior Unsecured Note
(due 2028). Moody's assigned a Ba1 to the Senior Secured Credit
Facility and a B1 to the Senior Unsecured Notes. The Baa3 rating on
the existing Senior Secured Credit Facility, and Ba3 rating on the
existing Senior Unsecured notes will be withdrawn at the close of
the contemplated transaction. The outlook is stable.

The credit facility will be guaranteed by each material,
wholly-owned restricted subsidiary, with certain exceptions, and
collateralized by a first lien on substantially all assets and
capital stock owned by the borrower and guarantors, with certain
exceptions. The credit facility is subject to usual and customary
covenants including limitations on indebtedness, liens,
acquisitions, dispositions, and restricted payments. Additionally,
the term loan will be subject to mandatory amortization of 1% per
annum. The revolving credit facility includes customary financial
covenants, including a total leverage ratio test of 5.25x, stepping
down to 5x at the end of 2021. The term loan has no financial
covenants.

The notes will be guaranteed, jointly and severally, by each of
Block's current and certain of its future Domestic Subsidiaries.
The notes include customary provisions including restrictions on
asset sales, restricted payments, liens, transactions with
affiliates, change in guarantors, and a limit on further debt
incurrence when debt to cash flow is greater than 6.5x. The notes
also include change in control protections

As proposed, the new credit facility is expected to provide
covenant flexibility that if utilized could negatively impact
creditors including (i) an incremental facility capacity not to
exceed (a) $75,000,000 with respect to the incremental revolving
facility, and (b) an amount that would cause the Borrower's senior
secured leverage ratio to exceed 2.25:1.00 with respect to the
incremental term facility; (ii) the ability to transfer assets to
unrestricted subsidiaries, subject to a carve out provision that
exists by way of the carve-out baskets further subject to an
additional blocker provision that restricts transfers to
unrestricted subsidies subject to pro forma compliance with the
financial maintenance covenants. The credit agreement also limits
annual prepayment of indebtedness other than to the lenders under
the new credit facility to $25 million and cannot be more than $15
million in revolving loans outstanding, restricts repayment if the
consolidated leverage ratio and consolidated senior secured
leverage ratio exceeds the maximum allowed by the credit agreement.
There are no step-downs on the prepayment/reinvestment requirement
related to the asset sale.

The transaction is credit positive. The maturity dates of the notes
are effectively extended by 3 years with the new issuance, the
credit facility allows for prepayment and deleveraging, and the
refinancing lowers leverage by approximately .2x with balance sheet
cash used to repay a portion of the existing obligations.
Additionally, Moody's expects the floating rate, secured debt will
lower the weighted average cost of borrowing by about 2%, per
annum.

Assignments:

Issuer: Block Communications, Inc.

Senior Secured Term Loan B, Assigned Ba1 (LGD2)

Senior Secured Revolving Credit Facility, Assigned Ba1 (LGD2)

Senior Unsecured Regular Bond/Debenture, Assigned B1 (LGD5)

Outlook Actions:

Issuer: Block Communications, Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Block Communications, Inc.

Probability of Default Rating, Affirmed Ba3-PD

Corporate Family Rating, Affirmed Ba3

RATINGS RATIONALE

Block's Ba3 CFR is supported by the diversity of the business with
four distinct segments including cable, telecommunications,
broadcast, and publishing. This is an unusual level of diversity
among its peer group, given its small scale. Block also has an
extraordinarily long operating history that spans nearly 120 years
with its founding in 1900. Under family control throughout its
history, its financial policies -- although tolerant of elevated
leverage and shareholder distributions - are relatively predictable
and balanced. The rating also reflects the strength of its cable
operations, the largest and most profitable segment, which has
consistently generated stable and predictable financial results.
Despite these positive rating factors, Block is a relatively small
company that has elevated leverage for the rating. This is due, in
large part, to a very burdensome publishing business which is in
decline. The segment produces significant losses, causing a
material drag on consolidated revenue growth, earnings, and cash
flows. Additionally, there are very significant unfunded pension
obligations attributable to the unionized labor employed to operate
the business. These issues have made it difficult to delever, or
exit this business. As a result, management has successfully used
tactical cost management to contain losses in this segment.

The instrument ratings are based on a Ba3-PD Probability of Default
Rating (PDR), reflecting its assumption of an average expected
family recovery rate of 50% at default given the mix of secured and
unsecured debt in the capital structure. Based on the particular
instruments' ranking in the capital structure, Moody's  rates the
first lien senior secured credit facilities Ba1 (LGD2), two notches
above the Ba3 CFR given the debt cushion provided by $300 million
of unsecured notes which rate B1 (LGD5) given their subordination
in the capital structure. The capital structure also includes
unsecured and unrated lease rejection claims and trades payable, as
well as significant unfunded pension obligations which Moody's
ranks pari-pasu with the unsecured notes. The Ba1 rating on the
secured debt reflects a one notch differential from the higher LGD
model implied outcome given the uncertainty as to the amount and
treatment of the pension obligations in a default scenario.

The stable outlook reflects its expectation that leverage (Moody's
adjusted debt-to-EBITDA) will fall to below 4x by the end of 2021,
driven primarily by mandatory and voluntary debt repayment. Moody's
projects positive free cash flow, which will cover more than 5% of
debt. Key assumptions include modest revenue growth in cable and
broadcast (below 5%), declines in telecom (low single-digit
percent) and near mid-teens percent decline in publishing. Moody's
assume EBITDA margins will remain stable at near 30%, capex to
revenue will average 12.5%-15%, and average borrowing costs will be
near 6%. Its outlook assumes Block will maintain good liquidity.

Liquidity

Block has good liquidity, with positive operating cash flow
expected over the next 12 months, ample back-up liquidity with a
$110 million undrawn revolver, very good covenant headroom, access
to some alternative liquidity, and a favorable maturity profile,
with the nearest maturity in 2025.

Block is closely owned and controlled, which can be a governance
risk. Additionally, the Company's financial policy tolerates
elevated leverage, dividends, and share buy-backs.

Moody's would consider an upgrade if leverage is sustained below
3.0x (Moody's adjusted) and free cash flow-to-debt is sustained
above 10%. A positive rating action would also be conditional on
larger scale, better liquidity, stability in the cable subscriber
base, and stability in publishing operating losses.

Moody's would consider a downgrade of Block's ratings if leverage
is sustained above 4.0x (Moody's adjusted), or if free cash flow to
debt is sustained below 5%. A negative rating action would also be
considered if liquidity worsens, the scale of the company is
reduced, or operating trends are materially worse then expected.

Block Communications, Inc., founded in 1900, is a privately held,
diversified media company headquartered in Toledo Ohio. It is
wholly-owned and controlled by the Block Family. It operates four
segments including cable television, telecommunications, newspaper
publishing, and television broadcasting. The Company's cable
operations are branded Buckeye Broadband (serving Toledo and Erie
County Ohio and parts of Southeast Michigan) and MaxxSouth serving
North and Central Mississippi and North West Alabama. Its
telecommunications systems include Buckeye Telesystem Inc. and
Block Line Systems, LLC. Block has two daily metropolitan
newspapers, the Pittsburgh Post-Gazette in Pittsburgh, PA and the
Blade in Toledo, OH. It also owns and operates four television
stations and one wide-coverage Class A station, carrying 14
broadcast network affiliated channels (including NBC, ABC, CBS, and
FOX, among others) in Lima, OH, Louisville, KY, and
Champaign-Springfield-Decatur, IL. The Company reported revenue of
$570 million for the LTM period ended 9/30/2019.

The principal methodology used in these ratings was Pay TV
published in December 2018.


BLOCK COMMUNICATIONS: S&P Rates New Secured Debt 'BB+'
------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level and '1' recovery
ratings to U.S. cable provider Block Communications Inc.'s proposed
senior secured credit facility (which includes an undrawn $110
million revolver due 2025 and a $175 million term loan B due 2027)
issued by. The '1' recovery indicates S&P's expectation for very
high (90%-100%; rounded estimate: 95%) recovery in a simulated
default.

At the same time, S&P assigned 'B+' issue-level and '5' recovery
ratings to Block's proposed $300 million unsecured notes due 2028.
The '5' recovery indicates expectations for modest recovery
(10%-30%; rounded estimate: 20%) in a simulated default.

Block plans to use proceeds for the term loan and new notes, along
with cash on hand, to repay existing $500 million unsecured notes.

"Our 'BB-' issuer credit rating is unchanged by the proposed
transaction because key credit metrics are not materially affected.
While we expect lower interest expense to benefit cash flow, rating
upside is currently limited by uncertainty around the magnitude of
publishing losses in 2020 and the longer-term potential for
debt-financed acquisitions or dividends, given the company's stated
debt target of 3.5x, which translates to our pension-adjusted debt
ratio of about 4x," S&P said.

Issue Ratings -- Recovery Analysis

Key analytical factors:

-- S&P's simulated default scenario contemplates increasingly
negative EBITDA in the publishing segment, accelerating pay-TV
subscriber losses from streaming alternatives, and declining
broadband revenue from increased competition from 5G wireless
alternatives.

-- S&P has valued the company on a going-concern basis using a 6x
multiple to emergence EBITDA. The 6x multiple is on the lower end
of the 6x-7x range S&P typically ascribes to incumbent cable
operators because about 20% of the company's EBITDA is from
lower-value broadcasting and telecom segments. Still, the multiple
is higher than what S&P uses for cable overbuilders, such as
Radiate, which faces higher levels of competition than Block does.

-- S&P assumes the publishing segment would be shut down in
bankruptcy. S&P also assumes that underfunded pension claims would
be rejected, resulting in such claims being treated as a general
unsecured claim in its recovery analysis.

-- Other default assumptions include an 85% draw on the $100
million revolver, LIBOR of 2.5%, and all debt includes six months
of prepetition interest.

Simulated default assumptions:

-- Default year: 2024
-- EBITDA at emergence: $65 million
-- EBITDA multiple: 6x

Simplified waterfall:

-- Net enterprise value (after 5% administrative costs): $380
million
-- Secured claims: $265 million
-- Recovery expectations: 90%-100% (rounded estimate: 95%)
-- Value available to unsecured creditors: $115 million
-- Unsecured debt: $310 million
-- Nondebt unsecured claims: $190 million
-- Recovery expectations: 10%-30% (rounded estimate: 20%)


BLUE EAGLE: HJ Farming Selling Murphee Farm to Williams for $410K
-----------------------------------------------------------------
HJ Farming, LLC, an affiliate of Blue Eagle Farming, LLC, asks the
U.S. Bankruptcy Court for the Northern District of Alabama to
authorize the sale of several parcels of property located in Blount
County, Alabama, which total 209.5 acres, listed in the Debtor's
schedules as "Murphee Farm," tax parcel identification numbers
04-01-11-0-000-005.001 and 04-01-11-0-000-005.002, to Williams
Properties, LLC for $471,000, free and clear of any liens,
encumbrances or interests.

HJ Farming originally purchased the Property on Feb. 8, 2013 for
$368,586.  Presently, it proposes to sell the property to the
Purchaser.  On Dec. 16, 2019, HJ Farming entered into a Purchase
Agreement with the Purchaser. Attached as Exhibit A is the Purchase
Agreement.  The Purchaser has agreed to pay a total price of
$471,000 for the Properties.  The Purchase Agreement provides that
the Purchaser will pay all costs and expenses of the sale,
including attorney's fees, recording fees, and closing costs.
Additionally, the there is no real estate agent fee to be paid in
connection with the sale.

The Purchaser is in no way affiliated with the Debtors personally
or professionally.

The United States of America may claim to have a valid lien on the
Property.  HJ Farming asserts the United States does not have a
valid lien.  It is hopeful that the United States will consent to
the sale of the Property.  However, in the event that the United
States does not consent to the sale, the lien is in bona fide
dispute, as required pursuant to Section 363 (f)(4).

HI Farming has concluded that the sale of the Properties presents
the best option for maximizing the value to creditors of its
estate.

A copy of the Agreement is available at https://tinyurl.com/wry6rxh
from PacerMonitor.com free of charge.  

                    About Blue Eagle Farming

Blue Eagle Farming and H J Farming are engaged in the business of
cattle ranching and farming.  Blue Smash Investments operates in
the financial investment industry; War-Horse Properties manages
companies and enterprises; Eagle Ray Investments and Forse
Investments are lessors of real estate while Armor Light, LLC, is
engaged in the business of residential building construction.

Blue Eagle Farming, LLC, and its affiliate H J Farming, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ala. Case Nos. 18-02395 and 18-02397) on June 8, 2018.

On June 9, 2018, five Blue Eagle affiliates filed Chapter 11
petitions: Blue Smash Investments LLC, Eagle Ray Investments LLC,
Forse Investments LLC, Armor Light LLC, and War-Horse Properties,
LLLP (Bankr. N.D. Ala. Case Nos. 18-81707 to 18-81711).  The cases
are jointly administered under Case No. 18-02395.

In the petitions signed by Robert Bradford Johnson, general partner
of Blue Eagle Farming, LLC's sole owner, Blue Eagle was estimated
to have $1 million to $10 million in assets and $100 million to
$500 million in liabilities as of the bankruptcy filing.  Judge
Tamara O. Mitchell presides over the cases.  Burr & Forman LLP is
the Debtors' legal counsel.


BORDEN DAIRY: Gets Interim Approval to Use Cash Collateral
----------------------------------------------------------
Judge Christopher S. Sontchi authorized Borden Dairy Company and
debtor affiliates to use, pursuant to the budget, the cash
collateral, all proceeds for the pre-petition collateral and the
reserve account with respect to settlement agreements in connection
with the Debtors' now-defunct pension plans, from the Petition Date
through and including January 23, 2020.  Pursuant to the first
interim order, the Debtors may liquidate the securities in the
reserve account and to deposit $10,000,000 into the Debtors'
operating account held at PNC, National Association, subject to the
agent's lien.  A copy of the 1st interim order is available at
https://is.gd/WCbsgg from PacerMonitor.com free of charge.

In a subsequent order, Judge Sontchi authorized the Debtors' use of
the cash collateral, the pre-petition collateral proceeds, as well
as the reserve account, pursuant to budget, through the earliest to
occur, among others, of:
   (a) February 28, 2020,

   (b) the Debtors' failure to make any payment when due under the
second interim order to the agent or the pre-petition secured
parties,

   (c) any material misrepresentation by the Debtors on any of the
reporting or other information required to be delivered pursuant to
the second interim order,

   (d) non-compliance with the budget covenant,

   (e) termination of the Debtors' CRO's engagement or the material
modification or reduction of the CRO's role or responsibilities
without prior written consent of the pre-petition secured parties,
or

   (f) the closing date of any sale of substantially all of the
Debtors' assets.

Pursuant to the second interim order, the Debtors, as adequate
protection,  will pay the prepetition secured parties in full, in
cash, as and when such payments would have come due under the
Credit Agreement had the Chapter 11 case not been commenced, all
interest, fees and other amounts accruing solely with respect to
the Revolving Loan and Term Loan A, which shall accrue and be
payable at the default rate in the Credit Agreement.

As further adequate protection, the Debtors will pay in cash the
reasonable professional fees, expenses and disbursements incurred
by the agent under the prepetition loan documents arising after the
Petition Date.  

The Court ruled that all payments of professional fees, expenses
and disbursements authorized shall be made within 10 days after
receipt by the Debtors, any Committee and the U.S. Trustee of
invoices therefor, to which the Debtors, the Committee and the U.S.
Trustee may object within said the 10-day review period.

Final hearing is scheduled on Feb. 24, 2020 at 2 p.m. (ET).
Objections must be filed by 4 p.m. prevailing Eastern time on Feb.
7, 2020.

A copy of the 2nd interim order is available for free at
https://is.gd/NWGvuc from PacerMonitor.com.

                       About Borden Dairy

Borden Dairy Company -- http://www.bordendairy.com/-- is a
processor and direct-to-store distributor of fresh fluid milk,
dairy case products and other beverages.  It produces and
distributes a wide variety of branded and private label
traditional, flavored and specialty milk, buttermilk, dips and sour
cream, juices, tea, and flavored drinks to mass merchandisers,
educational institutions, food service retailers, grocery stores,
drug stores, convenience stores, food and beverage wholesale
distributors, and retail warehouse club stores across the United
States.

Headquartered in Dallas, Borden Dairy operates 12 milk processing
plants and nearly 100 branches across the U.S.  It was founded in
1857 by Gail Borden, Jr.

Borden Dairy and its subsidiaries sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 20-10010) on Jan. 5, 2020.

Judge Christopher S. Sontchi oversees the case.

Borden Dairy was estimated to have $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

The Debtors tapped Arnold & Porter Kaye Scholer LLP as general
bankruptcy counsel; Young Conaway Stargatt & Taylor LLP as special
counsel; and Donlin Recano as the claims agent.


BORDEN DAIRY: Seeks to Use Cash Collateral, Reserve Account
-----------------------------------------------------------
Borden Dairy Company and debtor affiliates sought permission from
the Bankruptcy Court to use cash collateral of the pre-petition
lenders, as well as the cash in a reserve account held for periodic
payments on settlement agreements relating to withdrawal liability
on two, now-terminated pension plans of the Debtors.

Before the Petition Date, the Debtors borrowed $275 million of
funds under a credit facility provided by certain lenders, and PNC
Bank, National Association, as administrative agent and collateral
agent.  The pre-petition credit facility consisted of (a) a $30
million term loan A facility held by PNC, (b) a $175 million term
loan B facility held by certain affiliates of KKR Credit Advisors
(US) LLC and/or Franklin Square Holdings, L.P., and (c) a $70
million revolving credit facility provided by PNC, which includes a
$25 million sub-facility for the issuance of letters of credit.  As
of the Petition Date, the Debtors owe approximately $255.8 million
of aggregate principal amount of loans outstanding under the credit
facility, plus accrued and unpaid interest, fees, expenses, and all
other obligations payable under the loan documents.

Also before the Petition Date, the company made periodic payments
pursuant to settlement agreements entered into with respect to
withdrawal liabilities relating to two pension plans: (i) Central
States, Southeast and Southwest Areas Pension Fund, which was
terminated in 2014, and (ii) the Retail, Wholesale and Department
Store International Union, which was terminated in 2016.  Pursuant
to a Reorganization and Subscription Agreement, which the company
and certain of its subsidiaries entered into leading to their
subsequent reorganization under a new holding company, the company
established a special purpose account funded with a $30 million
deposit.  The reserve account was established to enable the Company
to continue to fund payments to Central States and RWDSU—
principally, the monthly installments of $185,225 payable by the
company to Central States and quarterly installments of
approximately $6,000 payable by the Company to RWDSU pursuant to
the settlement agreements.

As of December 31, 2019, the reserve account, which constitutes
property of the Debtors' estates, had a value of approximately
$26.6 million of cash, cash equivalents and securities on deposit,
and is not encumbered by any liens, security interests or other
encumbrances.

As adequate protection for the use of the cash collateral, the
Debtors propose to provide the pre-petition secured parties with:
   (a) replacement liens and super-priority administrative claims
for any diminution in value of the prepetition secured parties'
collateral;
   (b) monthly cash interest payments on the revolving loans and
term loan A loans, all held by PNC, at the applicable non-default
contract rate; and
   (c) certain reporting obligations.

The Debtors propose to use the cash collateral until the occurrence
of any of these termination events:
     * the Debtors' failure to abide by the material terms of the
interim order or the budget,
     * the use of cash collateral for any purpose not authorized by
the interim order,
     * the dismissal  of any of these Chapter 11 cases, the
conversion of any of these Chapter 11 cases to a case under Chapter
7 of the Bankruptcy Code, or the appointment of a trustee or
examiner with expanded powers, or
     * issuance of an order reversing, staying, vacating, or
otherwise modifying in any material respect the terms of the
interim order.

A copy of the motion is available for free at https://is.gd/jNPjBc
from PacerMonitor.com.


                                             About Borden Dairy

Borden Dairy Company -- http://www.bordendairy.com/-- is a
processor and direct-to-store distributor of fresh fluid milk,
dairy case products and other beverages.  It produces and
distributes a wide variety of branded and private label
traditional, flavored and specialty milk, buttermilk, dips and sour
cream, juices, tea, and flavored drinks to mass merchandisers,
educational institutions, food service retailers, grocery stores,
drug stores, convenience stores, food and beverage wholesale
distributors, and retail warehouse club stores across the United
States.

Headquartered in Dallas, Borden Dairy operates 12 milk processing
plants and nearly 100 branches across the U.S.  It was founded in
1857 by Gail Borden, Jr.

Borden Dairy and its subsidiaries sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 20-10010) on Jan. 5, 2020.

Judge Christopher S. Sontchi oversees the case.

Borden Dairy was estimated to have $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

The Debtors tapped Arnold & Porter Kaye Scholer LLP as general
bankruptcy counsel; Young Conaway Stargatt & Taylor LLP as special
counsel; and Donlin Recano as the claims agent.


BOSTON SURFACE: Creditors to Get Equity or 100% Dividend in Plan
----------------------------------------------------------------
A hearing on the Disclosure Statement explaining the Chapter 11
Plan filed by Boston Surface Railroad Company, Inc will be held on
May 13, 2020 at 2:00 p.m. at the United States Bankruptcy Court,
Warren B. Rudman United States Courthouse, 55 Pleasant Street,
Courtroom A, Concord, New Hampshire.  Objections to the Disclosure
Statement must be filed no later than 5:00 p.m., May 6, 2020.

Boston Surface Railroad Company is proposing a reorganization plan.
According to the Disclosure Statement, the Plan treats claims as
follows:

   * Class One (General Unsecured Claims).  IMPAIRED.  The
undisputed General Unsecured Claims of Debtor total $1,229,655.35.
These claims will be reduced to $255,425 by virtue of agreements
from holders of claims totaling $1,027,742 who have agreed to
convert their debt to equity.  The remaining balance of $255,425
will be paid in full over quarterly payments made over the first 60
months following confirmation of the Plan term at 3% interest.  The
payments will commence on the Effective Date of the Plan and be
paid quarterly.  The Debtor will fund payment of these claims
through equity infusions from insiders of the Debtor who have
committed to invest up to $100,000 per year over the life of the
plan.

   * Class Two (General Secured Bondholder Claims). IMPAIRED. The
General Secured Bondholder Claims total $644,300, and accrue
interest at a rate of seven and 50/100 percent (7.50%).  The
interest that has accrued as of the Effective Date of the Plan will
be converted to equity in the Debtor in the amount of $76,389.27.

   * Class Three (IRS Priority Claims).  IMPAIRED.  The Internal
Revenue Service filed a two-part proof of claim asserting a
priority tax claim of $71,605.84, and a general unsecured claim of
$1,979.95.  The claim for $1,979.95 is a penalty for not filing a
tax return and the Debtor will pay this under Class One.

   * Class Four (Equity Interests). IMPAIRED.  The Debtor has 21
holders of equity interest with a total of 2,340,525 shares of
common stock.  The 83.6% of the shares are held by insiders of the
Debtor.  A subset of 17 of these 21 shareholders hold 6,900 shares
of preferred stock which will enable them to vote for officers and
directors post-confirmation.

The Debtor's financial projections under two scenarios:

   * The first scenario is without outside capital investment and
shows the Debtor's operations to be profitable over five years
without the operation of any railroad services. Over the Plan life,
the Debtor will earn a total of $3,408,000, paying the claims in
full.  The Debtor's revenue is generated from bus service and from
concessions, excursions events, parking and other miscellaneous
sources all related to its bus service.

    * Under the second scenario, the Debtor will obtain outside
investment of $5,000,000 to build out its railroad service. Under
this scenario, while the Debtor slowly works towards future rail
operations, the Debtor is projected to earn $10,372,000 in profit
over the life of the plan.

A full-text copy of the Disclosure Statement dated Jan. 29, 2020,
is available at https://tinyurl.com/wfjjfvb from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Peter N. Tamposi, Esq.
     Tamposi Law Group, P.C.
     159 Main Street
     Nashua, New Hampshire 03060
     Telephone: (603) 204-5513
     Facsimile: (603) 204-5515
     E-mail: peter@tlgnh.com

                About Boston Surface Railroad

Boston Surface Railroad Company Inc. is a private intercity
passenger railroad based in Woonsocket, Rhode Island.  BSRC was
granted authority by the United States Surface Transportation Board
in 2016 to operate passenger service on several routes in New
England and has formed a public private partnership with the cities
of Nashua, New Hampshire; Worcester and Lowell, Massachusetts and
Woonsocket, Rhode Island.

Boston Surface Railroad Company filed for Chapter 11 bankruptcy
(Bankr. D.N.H. Case No. 19-11393) on October 6, 2019, listing total
assets of $166,815 and total liabilities of $1,867,955.  The
petition was signed by Vincent J. Bono, president.  Peter N.
Tamposi, Esq., at The Tamposi Law Group serves as its bankruptcy
counsel.


CALIFORNIA RESOURCES: BlackRock Has 7% Stake as of Dec. 31
----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of Dec. 31, 2019, it
beneficially owns 3,419,493 shares of common stock of California
Resources Corporation, which represents 7 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at :

                      https://is.gd/Jl5dny

                   About California Resources

California Resources Corporation -- http://www.crc.com/-- is an
oil and natural gas exploration and production company
headquartered in Los Angeles, California.  CRC operates its
resource base exclusively within the State of California, applying
complementary and integrated infrastructure to gather, process and
market its production.

California Resources reported net income attributable to common
stock of $328 million for the year ended Dec. 31, 2018, compared to
a net loss attributable to common stock of $266 million for the
year ended Dec. 31, 2017.  As of Sept. 30, 2019, California
Resources had $7.03 billion in total assets, $721 million in total
current liabilities, $4.89 billion in long-term debt, $158 million
in deferred gain and issuance costs, $679 million in other
long-term liabilities, $789 million in redeemable noncontrolling
interests, and a total deficit of $208 million.

                           *   *   *

In March 2019, S&P Global Ratings affirmed its 'CCC+' issuer credit
rating on California Resources Corp.  The affirmation reflects
S&P's expectation that CRC will continue to support its liquidity
by balancing its spending with its cash flow, selling non-core
assets, and potential for joint ventures in 2019 as mentioned in
the Company's fourth quarter conference call.

In November 2017, Moody's Investors Service upgraded California
Resources' Corporate Family Rating (CFR) to 'Caa1' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa1-PD' from 'Caa2-PD'.
Moody's said the upgrade of CRC's CFR to 'Caa1' reflects CRC's
improved liquidity and the likelihood that it will have sufficient
liquidity to support its operations for at least the next two years
at current commodity prices.


CANBIOLA INC: Amends Stock Purchase Agreement with ICNB
-------------------------------------------------------
Canbiola, Inc. (CANB) entered into an Amendment to Stock Purchase
Agreement with Iconic Brands, Inc., a Nevada corporation and Green
Grow Farms, Inc., a New York corporation.  The Amendment was to
correct a scrivener's error in that certain Stock Purchase
Agreement dated Dec. 4, 2019, pursuant to which CANB purchased 51%
of the issued and outstanding equity interests of GGFI from ICNB in
exchange for an aggregate of 37,500,000 shares of CANB's common
stock, nil par value per share, as reported in the Company's
Current Report on Form 8-K filed with the Securities and Exchange
Commission on Dec. 6, 2019.

Prior to the Amendment, the Agreement had stated:

"If the Market Price Per Purchase Share (as defined) on the
Valuation Date is less than $1,000,000, CANB shall issue to ICNB
such a number of additional shares ("Additional Purchase Shares")
so that the aggregate value of aggregate shares issued to ICNB for
the purchase of the Shares (taking into account the Purchase Shares
and the Additional Purchase Shares) equals $1,000,000."

The Amendment clarifies that Additional Purchase Shares will be
issued to ICNB only if the Market Price Per Purchase Share on the
Valuation Date (June 30, 2020) multiplied by the 37,000,000
Purchase Shares is less than $1,000,000.

                        About Canbiola

Headquartered in Hicksville New York, Canbiola, Inc. --
www.canbiola.com -- develops, produces, and sells products and
delivery devices containing CBD.  Cannabidiol ("CBD") is one of
nearly 85 naturally occurring compounds (cannabinoids) found in
industrial hemp (it is also contained in marijuana).  The Company's
products contain CBD derived from Hemp and include products such as
oils, creams, moisturizers, isolate, and gel caps.  In addition to
offering white labeled products, Canbiola has developed its own
line of proprietary products, as well as seeking synergistic value
through acquisitions of products and brands in the Hemp industry.

Canbiola reported a net loss and comprehensive loss of $4.11
million for the year ended Dec. 31, 2018, following a net loss and
comprehensive loss of $2.14 million for the year ended Dec. 31,
2017.  As of Sept. 30, 2019, Canbiola had $6.76 million in total
assets, $282,518 in total liabilities, and $6.48 million in total
stockholders' equity.

BMKR LLP, in Hauppauge, NY, the Company's auditor since 2014,
issued a "going concern" qualification in its report dated April
15, 2019, citing that the Company incurred a net loss of $4,112,277
during the year ended Dec. 31, 2018, and as of that date, had an
accumulated deficit of $18,768,753.  The company is in arears with
certain vendor creditors which, among other things, cause the
balances to become due on demand.  The Company is not aware of any
alternate sources of capital to meet such demands, if made.  The
auditor said the Company's significant operating losses raise
substantial doubt about its ability to continue as a going concern.


CARMEL MEDICAL: Feb. 24 Disclosure Statement Hearing Set
--------------------------------------------------------
Creditor CIBM Bank filed with the U.S. Bankruptcy Court for the
Southern District of Indiana the Debtor Carmel Medical Office
Building, LLC's Chapter 11 Disclosure Statement on Jan. 16, 2020,
and a Chapter 11 Plan on Jan. 15, 2020.  Judge James M. Carr
ordered that:

  * Feb. 24, 2020, at 1:30 PM EST in Rm. 325 U.S. Courthouse, 46 E.
Ohio St., Indianapolis, IN 46204 is the hearing to consider the
Disclosure Statement.

  * Any objection to the Disclosure Statement be filed and served
at least 5 days prior to the hearing date.

A full-text copy of the order dated Jan. 16, 2020, is available at
https://tinyurl.com/unyckny from PacerMonitor.com at no charge.

               About Carmel Medical Office Building

Carmel Medical Office Building, LLC is a Single Asset Real Estate
Debtor (as defined in 11 U.S.C. Section 101(51B)).  The Company
owns in fee simple a real property located at 10601 North Meridian
Street Indianapolis, having a current value of $5.3 million (based
on offer received in 2019).

Carmel Medical Office Building, based in Carmel, IN, filed a
Chapter 11 petition (Bankr. S.D. Ind. Case No. 19-03536) on May 15,
2019. In the petition signed by Zakir H. Khan, president, the
Debtor disclosed $6,125,000 in assets and $6,667,625 in
liabilities. The Hon. James M. Carr oversees the case. Jeffrey M.
Hester, Esq., a partner at Hester Baker Krebs LLC, is the Debtor's
bankruptcy counsel.


CARMEL MEDICAL: Unsecureds to Have Up to 15% in CIBM Plan
---------------------------------------------------------
Creditor CIBM Bank submitted a Disclosure Statement under Section
1125 of the Bankruptcy Code and Bankruptcy Rule 3016 to all known
creditors and interest holders of debtor Carmel Medical Office
Building, LLC, regarding CIBM's Chapter 11 Plan of Liquidation for
the Debtor.

Class 6 consists of all Priority Tax Claims against the Debtor, not
secured by a lien. Class 6 is estimated to be $34,615. Class 6 is
impaired. Each holder of an Allowed Class 6 Priority Tax Claim will
receive (in full satisfaction of such Allowed Claim), in cash, its
pro-rata share of a sum up to 20% of the Allowed Claims in Class 6,
not to exceed $7,000 in the aggregate. Class 6 Claimants are
impaired.

Unsecured Creditors will be paid from a fund created by CIBM from
the net sales proceeds as long as the Real Estate is not sold
pursuant a credit bid.  Allowed Claims in this Class are estimated
to be approximately $128,336 and will receive up to 15% of their
claims not to exceed a total fund of $25,000.  This Class is
impaired.

All Equity Interests will be cancelled on the date the Plan is
confirmed. The holders of Equity Interests as of immediately prior
to the Confirmation Date shall not receive any payments under this
Plan unless and until Creditors in Classes 1 through 6 are paid in
full the Allowed amounts of their Claims.  This Class is impaired
and deemed to reject the Plan and not entitled to vote.

The Plan provides for an auction sale of the Debtor's Real Estate
within 30 days of the Confirmation Date.  The Auction will be
conducted by a Plan Agent appointed by the Court.  There is already
an offer to purchase the Real Estate from CCI 106th St., LLC
("CCI").  In exchange for making the opening bid and allowing other
bidders to know the minimum amount that must be bid to exceed the
current offer, CCI is known as a "Stalking Horse" and, should it be
outbid, may be paid a fee approved by the Court. CCI's current
offer for the Real Estate, subject to terms and conditions stated
therein, is $4,300,000.

Assuming CCI or some third party is the successful bidder at the
Auction and closes on the purchase of the Real Estate, then CIBM
will utilize a portion of the sale proceeds it receives to
partially or fully pay the Allowed Claims in several of the classes
in the Plan.  The sale proceeds made available by CIBM will be
distributed by the Plan Agent in accordance with the Plan.  The
Plan Agent will also liquidate any remaining assets and distribute
Other Liquidation Proceeds in accordance with the Plan.

A full-text copy of the Disclosure Statement dated Jan. 16, 2020,
is available at https://tinyurl.com/u9hqlgn from PacerMonitor.com
at no charge.

CIBM Bank is represented by:

       James A. Knauer
       KROGER, GARDIS & REGAS, LLP
       111 Monument Circle, Suite 900
       Indianapolis, IN 46204-5125
       Tel: (317) 692-9000
       Fax: (317) 264-6832
       E-mail: jknauer@kgrlaw.com

              About Carmel Medical Office Building

Carmel Medical Office Building, LLC is a Single Asset Real Estate
Debtor (as defined in 11 U.S.C. Section 101(51B)).  The Company
owns in fee simple a real property located at 10601 North Meridian
Street Indianapolis, having a current value of $5.3 million (based
on offer received in 2019).

Carmel Medical Office Building, based in Carmel, IN, filed a
Chapter 11 petition (Bankr. S.D. Ind. Case No. 19-03536) on May 15,
2019. In the petition signed by Zakir H. Khan, president, the
Debtor disclosed $6,125,000 in assets and $6,667,625 in
liabilities.  The Hon. James M. Carr oversees the case.  Jeffrey M.
Hester, Esq., a partner at Hester Baker Krebs LLC, is the Debtor's
bankruptcy counsel.


CAST & CREW: S&P Alters Outlook to Stable, Affirms 'B' ICR
----------------------------------------------------------
S&P Global Ratings revised its outlook on Cast & Crew Payroll LLC
to stable from negative and affirmed all of its ratings on the
company, including the 'B' issuer credit rating.

While adjusted leverage at the end of fiscal year 2019 (ended June
30, 2019) was slightly higher than expected (7.8x compared to S&P's
expectation for mid-7x or better), the rating agency believes the
company is on track for improvement to below 7x over the next 12
months. Unforeseen operational challenges including a profit
reversal on a small portion of payroll handling breakage fees
(about $7 million) related to the state of California's Federal
Unemployment Tax Act loan repayment, as well as a mix shift to less
profitable production locations and lower-margin media verticals
drove a slight miss to S&P's forecast. However, S&P believes that
cost initiatives (largely head-count reductions) implemented in the
first quarter of fiscal 2020, and strong demand for entertainment
production will help offset some of these impacts and support
earnings-based deleveraging over the rating agency's forecast
period. At the same time, moderate capital spending levels, good
working capital management, and S&P's expectation for modest
tax-related distributions to Cast & Crew's parent limited liability
company (LLC) members should result in annual discretionary cash
flow (DCF) generation to debt of about 4%-5%.

S&P's stable outlook reflects its expectation that Cast & Crew's
adjusted leverage will decline below 7x over the next 12 months, as
organic growth from strong ongoing demand for content supports
revenue growth in the high-single-digit percent area. Low capital
expenditures (capex), well-managed working capital, and high EBITDA
margins underlie S&P's expectations for free operating cash flow in
the mid-single-digit percent area.

"We could lower the rating if weaker-than-expected operating
performance or unexpected operating issues result in customer
losses, or declining revenue, EBITDA margins or cash flow. In this
scenario we could lower our liquidity assessment, or expect
adjusted leverage to be sustained above 7x or DCF-to-debt below 3%.
Additionally, large debt-financed dividend payments or acquisitions
could result in a downgrade," S&P said.

"We could also lower the rating if Cast & Crew's ultimate parent's
(Camera Holdings LP) other wholly owned subsidiaries, which operate
outside the credit group, experience business or financial
distress. In this scenario, we would conclude that stress at the
subsidiaries outside of the credit group could have adverse
repercussions for Cast & Crew's credit quality," S&P said.

Although unlikely given the company's financial sponsor ownership,
S&P said it could consider a positive rating action if
stronger-than-expected operating performance and a conservative
financial policy allows for adjusted leverage to decline below 5x
on a sustained basis.



CCO HOLDINGS: S&P Rates New Senior Unsecured Notes Due 2030 'BB'
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '5'
recovery rating to the proposed senior unsecured notes due 2030
issued by Stamford, Conn.-based cable operator Charter
Communications Inc.'s subsidiaries, CCO Holdings LLC and CCO
Holdings Capital Corp. The '5' recovery rating indicates S&P's
expectation for modest (10%-30%; rounded estimate: 25%) recovery in
a simulated default. The company will use the proceeds from the
notes for general corporate purposes, which may include repaying
debt and/or funding share repurchases.

"Our 'BB+' issuer credit rating on Charter is unaffected because
our base-case forecast already incorporates about $8 billion-$10
billion of share repurchases in 2020 such that we expect it to
maintain a debt-to-EBITDA ratio at the higher end of its 4.0x-4.5x
target range. We believe the company's EBITDA will expand by 6%-8%
in 2020 on increasing demand for high-margin internet services and
higher political ad revenue, which will offset subscriber losses of
about 3%-4% in its lower-margin video business," S&P said.


CELADON GROUP: Selling Hyndman's Winnipeg Property for CAD$4.25M
----------------------------------------------------------------
Celadon Group, Inc. and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to authorize the
private sale of Hyndman Transport Limited's non-residential real
property located at 50 Omands Creek Boulevard, Winnipeg, Manitoba,
Canada, which property includes (a) 13.51 acres of land, (b) an
industrial building with approximately 17,079 square feet, and (c)
all apparatus, machinery and equipment affixed to and used in
connection with the operation and occupancy of such property, to
2925924 Manitoba Ltd. for CAD$4.25 million, pursuant to their Offer
to Purchase and Acceptance.

The proposed sale of the Winnipeg Property has been co-marketed
throughout the Debtors' chapter 11 cases, by the Debtors' real
estate agent in Canada, Colliers International and Jones Lang
LaSalle ("JLL"), as part of their, subject to the Remaining Assets
Bidding Procedures Motion, which was approved in part by the
bidding procedures order entered.

The marketing process involved extensive business discussions.  As
a result of these marketing efforts, the Debtors received several
indications of interest or offers to purchase the Winnipeg
Property, including the indication of interest and offer that the
Debtors received from the Purchaser.  The Purchaser's offer was
superior to the other expressions of interest that the Debtors
received and was at or above their expectations of value should the
Debtors subject the Winnipeg Property to the Auction.  Thus, the
Debtors proceeded with negotiating the Purchase Agreement.

As a result of substantial arms'-length negotiations between the
Purchaser and the Debtors, the Purchaser agreed to purchase the
Winnipeg Property for CAD$4.25 million subject to the Purchase
Agreement.  While the Winnipeg Property could be put up for sale
subject to the auction contemplated by the Remaining Bidding
Procedures Motion, which is currently scheduled to be held Jan. 22,
2020, as stated above, the terms offered by the Purchaser are
materially superior to the terms that the Debtors could hope to
achieve at the Auction.  

In accordance with Local Rule 6004-1, the Purchase Agreement, in
summary, provides as follows:
  
     a. The Debtors are asking approval for the sale of the
Winnipeg Property to the Purchaser by private sale for the purchase
price of CAD$4.25 million, and upon the terms and conditions set
forth in the Purchase Agreement.  

     b. The sale will be free and clear of all claims, liens,
encumbrances and interests, with such claims, liens, encumbrances
and interests to attach to the net proceeds of the private sale.

     c. To the extent applicable, the Seller will pay cure costs on
the Assumed Contracts.  However, the Seller believes that it is
current on all payments under potential Assumed Contracts.  

     d. In addition to the description of tee Winnipeg Property
real estate as described, the Winnipeg Property includes: (i) the
Assumed Contracts; (ii) all buildings, structures, erections,
improvements, appurtenances, rights, interests and benefits enjoyed
in connection therewith and fixtures situated in or upon all of the
Winnipeg Property and all systems, machinery and equipment used in
connection with the operation of the building and maintenance
thereof, including but not limited to all overhead rails, hoist and
cranes, all electrical fixtures and equipment, air conditioning
freezing units and equipment, plumbing and bathroom fixtures as
installed, screens, storm windows and doors, window blinds,
partitions, power wiring and installations, pumps and compressors;
(iii) all of the Seller's interest in permits and licenses
pertaining to the Winnipeg Property; and (iv) all of the Seller's
interest in all warranties and guarantees given to, assigned to, or
benefitting the Seller or the Winnipeg Property.

     e. The sale of the Winnipeg Property will be sold free and
clear of all liens, charges and encumbrances.

     f. The Seller and the Purchaser will cause their respective
counsel to enter into a document registration agreement to govern
the
electronic submission of the transfer/deed for the Winnipeg
Property, among other things.  

     g. The Seller's real estate agents are Colliers and JLL.  The
Purchaser's real estate agent is Capital Commercial Real Estate
Services Inc.  From the sale proceeds, the Seller will pay to
Colliers and Capital, on a 55/45 basis, respectively, a real estate
commission fee amounting to 4% of the Purchase Price, together with
any and all goods and services taxes (if applicable) or any other
taxes imposed on, or collectible by Colliers upon transfer of title
to the Purchaser, subject to approval of this Court. The Real
Estate Fee is to be paid by the procedures set forth in the
Purchase Agreement, and will be paid no later than the date on
which title to the property is transferred to the Purchaser.  Any
Real Estate Fee, in whole or part, not paid on the date title to
the property is transferred to the Purchaser will be payable with
interest calculated at the rate of 2% per month and compounded
semi-annually.  The Seller will indemnify the Purchaser for the
Real Estate Fee, subject to approval of the Court.  The Seller will
indemnify Colliers and Capital against any other claims for
commission, with the exception of JLL.   

     g. The closing date of the private sale will take place 15
days following the later of (a) the date the Court approves the
sale contemplated, or (b) the waiver of each of the Seller's
conditions; unless otherwise agreed by the parties in writing.

     h. Good Faith Deposit: CAD$200,000 payable within three
business says of acceptance of the Purchaser's offer.  A further
good faith deposit of CAD$200,000 will be payable within five
business days following the satisfaction or withdrawal of all of
the Purchaser's and the Seller's conditions.  The First Deposit and
Second Deposit will be held by the parties' agents and be paid to
the Seller on or before the Closing Date.  

At this time, the Seller and the Purchaser have not determined
which executory contracts, if any, will be Assumed Contracts, as
contemplated by the Purchase Agreement.  However, to the extent
such agreements are assumable and assignable, in the exercise of
its business judgment, the Seller may assume the Assumed Contracts
and the obligations thereunder, and to subsequently assign the
Assumed Contracts to the Purchaser.

Given that (a) thus far, other potential bids and indications of
interest in connection with the marketing of the Winnipeg Property
have not exhibited value or interest comparable to the proposed
sale, and (b) nothing in the Purchase Agreement prohibits the
Debtors from consummating any alternative transaction that, in
their business judgement will maximize the value of their estates,
the Debtors believe in their business judgment and in consultation
with the Consultation Parties that it is unlikely the Auction will
lead to a higher or otherwise better bid for the Winnipeg Property.
Accordingly, they ask to sell the Winnipeg Property to the
Purchaser, pursuant to a private sale, free and clear of all liens,
claims, encumbrances and other interests.

Finally, the Debtors are asking relief from the 14-day stay imposed
by Bankruptcy Rule 6004(h) for the private sale.

A copy of the Agreement is available at https://tinyurl.com/w7jfrwa
from PacerMonitor.com free of charge.

                       About Celadon

Celadon Group, Inc. -- https://celadontrucking.com/ -- is a North
American truckload freight transportation company, primarily
providing point-to-point shipping, warehousing, supply chain
logistics, tractor leasing and other transportation and logistics
services for major customers throughout North America.  

Celadon Group and 25 affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 19-12606) on
Dec. 8, 2019.  As of Dec. 2, 2019, the Debtors disclosed $427
million in assets and $391 million in liabilities.  

Judge Karen B. Owens oversees the cases.

The Debtors tapped DLA Piper LLP (US) as bankruptcy counsel;
Scudder Law Firm, P.C., L.L.O. as special counsel; Alixpartners,
LLP as financial advisor; and Kurtzman Carson Consultants, LLC, as
notice, claims and balloting agent and administrative advisor.


CELESTIAL CHURCH: March 18 Disclosure Statement Hearing Set
-----------------------------------------------------------
Debtor Celestial Church of Christ "Luli Parish" filed with the U.S.
Bankruptcy Court for the District of Maryland at Greenbelt a
Disclosure Statement and a Plan on Jan. 14, 2020.

On Jan. 16, 2020, Judge Lori S. Simpson ordered that:

  * March 18, 2020, at 10:00 a.m. in Courtroom 3D of the U.S.
Bankruptcy Court, U.S. Courthouse, 6500 Cherrywood Lane, Greenbelt,
Maryland 20770 is the hearing to consider the approval of the
Disclosure Statement.

  * Feb. 19, 2020, is fixed as the last day for filing and serving
in accordance with Federal Bankruptcy Rule 3017(a) written
objections to the Disclosure Statement.

A full-text copy of the Order dated January 16, 2020, is available
at https://tinyurl.com/uwx5lyl fromPacerMonitor.com at no charge.

                About Celestial Church of Christ

Celestial Church of Christ "Luli Parish", based in Capital Heights,
MD, filed a Chapter 11 petition (Bankr. D. Md. Case No. 19-13690)
on March 20, 2019.  The Hon. Lori S. Simpson oversees the case.  In
the petition signed by Rev. Charles Agbaza, JP, pastor, the Debtor
was estimated to have $1 million to $10 million in assets and
$500,000 to $1 million in liabilities.  Charles M. Maynard, Esq.,
at the Law Offices of Charles M. Maynard, L.L.C., serves as
bankruptcy counsel to the Debtor.


CENTENE CORP: Fitch Rates $2BB Senior Unsecured Notes 'BB+'
-----------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to the $2 billion senior
unsecured note issuance of Centene Corporation (CNC). Proceeds from
the issuance will partially fund a redemption of $2 billion in
outstanding senior notes, and consequently, financial leverage is
not expected to change materially with the transaction.

KEY RATING DRIVERS

The new $2 billion ten-year senior debt issuance is rated at the
same level as Centene's existing senior unsecured notes, which is
one notch below the holding company Issuer Default Rating
(BBB-/Positive) and reflects standard notching based on Fitch's
rating criteria.

CNC expects to redeem $1 billion of its 4.75% senior notes maturing
in 2022 as well as $1 billion of its 6.125% senior notes maturing
in 2024. Fitch expects the annual interest expense savings on this
transaction to be significant.

CNC's financial leverage ratio at the close of the acquisition is
estimated to be just below 40% and debt-to-EBITDA is estimated to
be 3.9x, both of which are above expectations for the company's
current rating category. The capitalization and leverage score
carries a higher influence on the rating, and consequently,
progress toward stated deleveraging targets would put upward
pressure on the company's ratings.

Fitch believes that the recent acquisition of WellCare will
significantly enhance CNC's business profile. Although financial
leverage increased with the funding of the WellCare acquisition, it
is expected to improve over a two-year time horizon.

RATING SENSITIVITIES

An upgrade of the ratings could occur with progress toward run-rate
debt/EBITDA and financial leverage ratios of 2.8x and 36%,
respectively, and if CNC consistently generates upper single-digit
return on capital and EBITDA margins above 3.6%.

Failure to achieve upgrade sensitivities over the next 12 to 24
months could result in a return to a Stable Rating Outlook. In
addition, a material earnings disruption or failure to reduce
financial leverage could result in a return to a Stable Rating
Outlook or place downward pressure on ratings.

ESG CONSIDERATIONS

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


CENTENE CORP: Moody's Rates $2BB Sr. Unsecured Debt Due 2030 'Ba1'
------------------------------------------------------------------
Moody's Investors Service has assigned a Ba1 senior unsecured debt
rating to Centene Corporation's (Centene; NYSE: CNC) planned
issuance of approximately $2.0 billion of senior unsecured debt,
due February 2030. Net proceeds from the offering will be used to
refinance approximately $1 billion of outstanding 6.125% notes due
2024 and $1 billion of outstanding 4.75% notes due 2022. The 2024
notes are callable now; the 2022 notes are scheduled to be called
in May.

Separately, Moody's has assigned a Ba1 rating to the $1.95 billion
of senior notes due 2025 and 2026 issued by Centene in exchange for
WellCare Health Plans, Inc.'s (Wellcare Ba2, RUR) outstanding
notes, pursuant to the exchange offer which commenced on November
1, 2019 and was completed in January 2020.

The outlook on Centene is stable.

RATINGS RATIONALE

Since the proceeds of the $2 billion new issuance will be used to
refinance outstanding debt, and the $1.95 billion was issued
pursuant an exchange, there will not be an impact on Centene's
leverage. There will be a temporary increase in leverage because
the 2022 notes will not be called until May. The company's
debt-to-capital ratio as of December 31, 2019 with Moody's
adjustments was 53.5%. The ratio was elevated as it included
WellCare's acquisition-related debt issuance, but not the equity
issuance, which occurred at the deal closing in January. Moody's
expects adjusted debt-to-capital to be around 40% by year-end
2020.

Moody's Ba1 senior unsecured debt rating for Centene and Baa1
insurance financial strength ratings of its operating subsidiaries
reflect the company's concentration in the Medicaid market,
acquisitive nature, and relatively high, albeit prudently managed,
financial leverage offset by its growing multi¬state presence,
expansion into other healthcare product opportunities, relatively
stable financial profile and adequate capitalization.

RATINGS DRIVERS

Factors that could lead to an upgrade of the ratings on Centene and
its insurance subsidiaries include the following: Moody's adjusted
financial leverage maintained at 40% or below with well-laddered
maturities; Debt-to-EBITDA below 2.2x; Risk-based capital (RBC)
ratio maintained above 200% of company action level (CAL); a
further reduction in the Medicaid concentration along with reduced
reliance on full risk membership.

Factors that could lead to a downgrade include the following: RBC
ratio below 175% of CAL; EBITDA margins fall consistently below
3.5%; membership declines of over 10% over the next two-to-three
years; and financial leverage sustained above 40% and/or
debt-to-EBITDA above 3.0x.

Centene Corporation is headquartered in St. Louis, Missouri. For
the year ended December 31, 2019, the company reported revenues of
$74.6 billion and had 15.2 million medical members. At December 31,
2019 shareholders' equity was $12.7 billion. The company operates
in 32 states and 3 international markets.

The principal methodology used in these ratings was US Health
Insurance Companies Methodology published in November 2019.


CLAAR CELLARS: UST Unable to Appoint Committee in RC Farms' Case
----------------------------------------------------------------
The Office of the U.S. Trustee on Feb. 3 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of RC Farms LLC, an affiliate of
Claar Cellars LLC.
  
                    About Claar Cellars LLC and
                           RC Farms LLC

Claar Cellars LLC -- https://www.claarcellars.com/ -- is a
family-owned estate winery.  It offers a selection of wines,
including Riesling, Cabernet Sauvignon, Merlot, Chardonnay,
Sauvignon Blanc, Syrah, Sangiovese, and newly planted Pinot Gris,
Viognier, Malbec and Petite Sirah.

Claar Cellars and its affiliate, RC Farms LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Wash. Lead
Case No. 20-00044) on Jan. 9, 2020.  At the time of the filing, the
Debtors each had estimated assets of between $10 million and $50
million and liabilities of between $1 million and $10 million.  

Judge Whitman L. Holt oversees the cases.  

The Debtors are represented by Steven H. Sackmann, Esq., at
Sackmann Law, PLLC; Toni Meacham, Esq., Attorney at Law; and Roger
W. Bailey, Esq., at Bailey & Busey, PLLC.


CLIFS INC: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
The Office of the U.S. Trustee on Feb. 3, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of Clifs, Inc.
  
                       About Clifs Inc.

Clifs, Inc., is a privately held company that operates in the hotel
and motel industry.

Clifs sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Mo. Case No. 19-61453) on Dec. 4, 2019.  At the time
of the filing, the Debtor was estimated to have assets of between
$1,000,001 and $10 million and liabilities of the same range.
Judge Cynthia A. Norton oversees the case.  Diana P. Brazeale,
Esq., at Brazeale Law Firm, LLC, is the Debtor's legal counsel.


CONSTELLIS HOLDINGS: S&P Cuts Second-Lien Term Loan Rating to 'D'
-----------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Constellis
Holdings LLC's second-lien term loan to 'D' from 'C' following the
company's failure to make the mandatory $6 million interest payment
due Jan. 31, 2020, on the $215 million facility. This follows the
company's decision to not make the mandatory payment due Dec. 31,
2019, on its first-lien term loan. Constellis previously laid out
this plan when it entered into a new $110 million priority
first-lien term loan in late December 2019. Additionally, the
company received formal forbearance from the required second-lien
term loan holders in connection with the missed payment. The
company's new credit facility also requires it to present a debt
restructuring plan by Feb. 4, 2020. S&P believes this new plan will
either entail a transaction that it would view as a distressed
exchange or require Constellis to file for a prepackaged
bankruptcy. S&P's issuer credit rating on the company and its
issue-level and recovery rating on its priority loan remain
unchanged because it believes it remains current on that facility.



CUSTOM TRUCK: S&P Upgrades ICR to 'B+' oOn Continued Low Leverage
-----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Custom Truck
One Source L.P. to 'B+' from 'B'.

The upgrade follows the company's proposal to increase the size of
its revolving credit facility to $125 million and extend the
maturities of its revolving credit facility and first-lien term
loan to 2023 and 2025, respectively.  The company has continued to
demonstrate good operating performance, resulting in strong EBITDA
growth. As a result, it has reduced its leverage well below
financial sponsor-owned peers that S&P rates.

Meanwhile, S&P raised its issue-level rating on the company's
revolving credit facility and first-lien term loan to 'B+' from
'B'. The '3' recovery rating remains unchanged, indicating S&P's
expectation for meaningful (50%-70%; rounded estimate: 50%)
recovery in the event of a payment default.

The upgrade reflects the company's low leverage relative to other
rated financial sponsor-owned peers. While S&P thinks there could
be some volatility in Custom Truck's end markets in the short-term,
the rating agency believes the company has generated an adequate
cushion in its metrics to operate through an economic cycle and
absorb some increase in leverage. The upgrade also reflects S&P's
view that the company will not engage in significant
shareholder-friendly behavior or meaningful debt-financed
acquisitions in the near future.

The stable outlook on Custom Truck One Source L.P. reflects S&P's
expectation that continued growth in the T&D industry and the
realization of cost efficiencies will allow the company to increase
its revenue and profitability over the next 12 months. S&P
forecasts that the company's adjusted debt to EBTIDA will be in the
3x area. S&P's assessment also incorporates its expectation for
potential volatility in Custom Truck's credit measures over the
business cycle.

"We could lower our rating on Custom Truck if its adjusted debt to
EBITDA approaches 4x and the company generates negligible FOCF. We
could also lower our rating if the company pursues a more
aggressive financial policy than we anticipate, such as a
debt-financed dividend or large debt-funded acquisitions, which
cause leverage to increase to 4x or more," S&P said.

"Although unlikely, we could raise our rating on Custom Truck if
the company continues to increase its scale and diversifies its
geographic exposure. In addition, an upgrade would be contingent on
leverage remaining well below 3x, a reduction in its financial
sponsor ownership , and strong free cash flow generation," S&P
said.


CYTODYN INC: Grants 11.6M Performance Shares to Execs & Directors
-----------------------------------------------------------------
The Compensation Committee of the Board of Directors of CytoDyn
Inc. approved the award of performance shares to certain of the
Company's directors and executive officers outside of the Company's
2012 Equity Incentive Plan, which awards will vest and be settled
in shares of Common Stock of the Company if the Company achieves
breakthrough designation within six months of the award date and if
certain other requirements have been met.

In connection with the foregoing, the following awards were
approved by the Compensation Committee: (i) Scott A. Kelly, M.D.,
Chairman of the Board, was approved 2,500,000 performance shares;
(ii) David Welch, Ph.D., director, was approved 1,500,000
performance shares; (iii) Jordan G. Naydenov, director, was
approved 1,500,000 performance shares; (iv) Nader Pourhassan,
Ph.D., chief executive officer and a member of the Board, was
approved 6,000,000 performance shares; and (ii) Craig S. Eastwood,
chief financial officer, was approved 150,000 performance shares.

            Amendments to Articles of Incorporation

On Jan. 28, 2020, the Company filed a Certificate of Amendment to
the Certificate of Designation of the Rights, Preferences,
Privileges and Restrictions of the Series C Convertible Preferred
Stock with the Secretary of State of the State of Delaware to
decrease the authorized number of shares of Series C Convertible
Preferred Stock, par value $0.001 per share, that may be issued
from 20,000 to 8,203.  The Certificate of Amendment was approved by
the Company's Board of Directors and a majority in interest of the
outstanding shares of Series C Preferred Stock.  No approval of the
holders of the Company's Common Stock was required to effectuate
the amendment.  Other than the amendment described above, the terms
of the Series C Preferred Stock remain the same.

On Jan. 28, 2020, the Company filed the Series D Certificate of
Designation with the Secretary of State of the State of Delaware.
The Series D Certificate of Designation was approved by the
Company's Board of Directors and provides for the issuance of up to
11,737 shares of Series D Preferred Stock.

The Series D Certificate of Designation provides, among other
things, that holders of Series D Preferred Stock are entitled to
receive cumulative dividends at the rate of 10% per share per annum
of the stated value of the Series D Preferred Stock, to be paid, at
the option of the holder, in cash or with restricted shares of
Common Stock, at the rate of $0.50 per share.  The stated value per
share for the Series D Preferred Stock is $1,000.  Dividends on the
Series D Preferred Stock are mandatory and cumulative.  The Series
D Preferred Stock is not subject to any sinking fund provisions and
does not have redemption rights.

In the event of any liquidation, dissolution or winding up of the
Company, holders of the Series D Preferred Stock will be entitled,
on a pari passu basis with holders of the Series C Preferred Stock,
but before any distributions are made in respect of the Company's
Series B Preferred Stock or Common Stock, to be paid an amount per
share equal to the Stated Value and the amount of any accrued and
unpaid dividends.

If the Company effects certain transactions at any time while the
Series D Preferred Stock is outstanding, including any
reorganization, merger or sale of the Company or substantially all
of its assets, a holder of the Series D Preferred Stock will have
the right to receive any shares of the acquiring corporation or
other consideration that it would have been entitled to receive if
it held the number of shares of Common Stock then issuable to such
holder upon the conversion in full of its Series D Preferred Stock
immediately prior to the Fundamental Transaction.

Each share of Series D Preferred Stock is convertible at any time
at the holder's option into that number of fully paid and
nonassessable shares of Common Stock determined by dividing the
Stated Value by the Conversion Price (subject to adjustment as set
forth in the Series D Certificate of Designation).  No fractional
shares will be issued upon the conversion of the Series D Preferred
Stock.

                        About CytoDyn Inc.

Headquartered in Vancouver, Washington, CytoDyn Inc. --
http://www.cytodyn.com/-- is a biotechnology company developing
innovative treatments for multiple therapeutic indications based on
leronlimab, a novel humanized monoclonal antibody targeting the
CCR5 receptor.  CCR5 appears to play a key role in the ability of
HIV to enter and infect healthy T-cells.  The CCR5 receptor also
appears to be implicated in tumor metastasis and in immune-mediated
illnesses, such as GvHD and NASH.  CytoDyn has successfully
completed a Phase 3 pivotal trial with leronlimab in combination
with standard anti-retroviral therapies in HIV-infected
treatment-experienced patients.  CytoDyn plans to seek FDA approval
for leronlimab in combination therapy and plans to complete the
filing of a Biologics License Application (BLA) in the first
quarter of 2020 for that indication.  CytoDyn is also conducting a
Phase 3 investigative trial with leronlimab (PRO 140) as a
once-weekly monotherapy for HIV-infected patients and, plans to
initiate a registration-directed study of leronlimab monotherapy
indication, which if successful, could support a label extension.

Cytodyn reported a net loss of $56.18 million for the year ended
May 31, 2019, compared to a net loss of $50.14 million for the year
ended May 31, 2018. As of Nov. 30, 2019, CytoDyn had $17.92 million
in total assets, $31.55 million in total liabilities, and a total
stockholders' deficit of $13.63 million.

Warren Averett, LLC, in Birmingham, Alabama, the Company's auditor
since 2007, issued a "going concern" qualification in its report
dated Aug. 14, 2019, on the Company's consolidated financial
statements for the year ended May 31, 2019, citing that the Company
incurred a net loss of approximately $56,187,000 for the year ended
May 31, 2019 and has an accumulated deficit of approximately
$229,363,000 through May 31, 2019, which raises substantial doubt
about its ability to continue as a going concern.


CYTODYN INC: Raises 7.57 Million in Series D Stock Offering
-----------------------------------------------------------
CytoDyn Inc. issued in private placements to accredited investors
an aggregate of 7,570 shares of its newly authorized Series D
Convertible Preferred Stock, par value $0.001 per share, with an
initial stated value of $1,000 per share, together with warrants to
purchase an aggregate of up to 3,785,000 shares of its common
stock, par value $0.001 per share, with an initial exercise price
of $1.00 per share for aggregate gross proceeds to the Company of
approximately $7,570,000.

The shares of Series D Preferred Stock are convertible into shares
of Common Stock at an initial conversion price of $0.80 per share
and will carry dividends at a rate of 10% per annum (subject to
adjustment as provided in the Certificate of Designation of the
Rights, Preferences, Privileges and Restrictions of the Series D
Convertible Preferred Stock) and have the preferences, rights and
limitations set forth in the Series D Certificate of Designation.
The Series D Warrants have a five-year term and are immediately
exercisable.  Pursuant to the subscription agreements entered into
with each of the investors, the Company has agreed to use
commercially reasonable efforts to prepare and file with the United
States Securities and Exchange Commission within 120 days following
the closing of the Series D Offering, but not later than April 30,
2020, a registration statement under the Securities Act of 1933, as
amended, covering the resale of all of the Common Stock issuable to
the investors upon the conversion of the Series D Preferred Stock
and the exercise of the Series D Warrants.

The representations, warranties and covenants contained in the
Subscription Agreements were made solely for the benefit of the
parties to the Subscription Agreements.  In addition, such
representations, warranties and covenants (i) are intended as a way
of allocating the risk between the parties to the Subscription
Agreements and not as statements of fact, and (ii) may apply
standards of materiality in a way that is different from what may
be viewed as material by stockholders of, or other investors in,
the Company.  Accordingly, the forms of the Subscription Agreements
are included with this filing only to provide investors with
information regarding the terms of transaction, and not to provide
investors with any other factual information regarding the Company.
Stockholders should not rely on the representations, warranties
and covenants or any descriptions thereof as characterizations of
the actual state of facts or condition of the Company or any of its
subsidiaries or affiliates.  Moreover, information concerning the
subject matter of the representations and warranties may change
after the date of the Subscription Agreements, which subsequent
information may or may not be fully reflected in public
disclosures.

                     About CytoDyn Inc.

Headquartered in Vancouver, Washington, CytoDyn Inc. --
http://www.cytodyn.com/-- is a biotechnology company developing
innovative treatments for multiple therapeutic indications based on
leronlimab, a novel humanized monoclonal antibody targeting the
CCR5 receptor.  CCR5 appears to play a key role in the ability of
HIV to enter and infect healthy T-cells.  The CCR5 receptor also
appears to be implicated in tumor metastasis and in immune-mediated
illnesses, such as GvHD and NASH.  CytoDyn has successfully
completed a Phase 3 pivotal trial with leronlimab in combination
with standard anti-retroviral therapies in HIV-infected
treatment-experienced patients.  CytoDyn plans to seek FDA approval
for leronlimab in combination therapy and plans to complete the
filing of a Biologics License Application (BLA) in the first
quarter of 2020 for that indication.  CytoDyn is also conducting a
Phase 3 investigative trial with leronlimab (PRO 140) as a
once-weekly monotherapy for HIV-infected patients and, plans to
initiate a registration-directed study of leronlimab monotherapy
indication, which if successful, could support a label extension.

Cytodyn reported a net loss of $56.18 million for the year ended
May 31, 2019, compared to a net loss of $50.14 million for the year
ended May 31, 2018. As of Nov. 30, 2019, CytoDyn had $17.92 million
in total assets, $31.55 million in total liabilities, and a total
stockholders' deficit of $13.63 million.

Warren Averett, LLC, in Birmingham, Alabama, the Company's auditor
since 2007, issued a "going concern" qualification in its report
dated Aug. 14, 2019, on the Company's consolidated financial
statements for the year ended May 31, 2019, citing that the Company
incurred a net loss of approximately $56,187,000 for the year ended
May 31, 2019 and has an accumulated deficit of approximately
$229,363,000 through May 31, 2019, which raises substantial doubt
about its ability to continue as a going concern.


DESIGN REFRIGERATION: March 19 Plan Confirmation Hearing Set
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
Fort Lauderdale Division, conducted a hearing on Jan. 14, 2020, at
10:00 a.m., to consider approval of the Disclosure Statement filed
by Design Refrigeration and Air Conditioning Company (the Plan
Proponent).

On Jan. 16, 2020, Judge John K. Olson approved the disclosure
statement and established the following dates and deadlines:

  * March 19, 2020, at 10:00 a.m. is the hearing to consider
confirmation of the Plan of Reorganization.

  * March 5, 2020. is the last day for filing and serving
objections to confirmation of the Plan.

  * March 5, 2020, is the last day for filing a ballot accepting or
rejecting the plan.

  * Feb. 7, 2020, is the last day for filing and serving objections
to claims.

A full-text copy of the order dated Jan. 16, 2020, is available at
https://tinyurl.com/wsna4fu from PacerMonitor.com at no charge.

              About Design Refrigeration and Air
                    Conditioning Company

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




DIGIPATH INC: Appoints Edmond DeFrank as Director
-------------------------------------------------
Edmond A. DeFrank was appointed to the Board of Directors of
Digipath, Inc. on Jan. 29, 2020, filling the vacancy resulting from
the resignation of Dr. Cindy Orser.

Mr. DeFrank, 52, is an attorney in private practice.  There are no
arrangements or understandings with Mr. DeFrank pursuant to which
he was appointed as a director of the Company.  Mr. DeFrank has
been retained by the Company to provide it with patent, trademark
and other intellectual property legal services, at a fixed rate of
$5,000 per month for a minimum period of three-months, pursuant to
an Attorney Client Fee Agreement entered into on Jan. 29, 2020.  In
addition, during 2019, the Company paid Mr. DeFrank $12,775 for
legal services.

                       Board Compensation

On Jan. 31, 2020, the Company's Board of Directors approved the
following compensation for each of Edmond A. DeFrank and Dennis
Hartmann for serving as directors:

   * $18,000 per year of cash compensation, payable in quarterly
     installments of $4,500; and

   * the issuance of a stock option to purchase 250,000 shares of
     the Company's common stock at an exercise price of $0.10 per
     share, with each option vesting as to one-quarter of the
     shares immediately, and as to the remaining shares in equal
     amounts on each of the next three anniversaries of the grant
     date.

                     Chairman of the Board

On Jan. 31, 2020, Bruce Raben was appointed by the Company's Board
of Directors to serve as its chairman of the Board in a
non-executive capacity.

                       About DigiPath

Headquartered in Las Vegas, Nevada, Digipath, Inc. --
http://www.digipath.com/-- offers full-service testing lab for
cannabis, hemp and ancillary cannabis and hemp infused products
serving growers, dispensaries, caregivers, producers, patients and
eventually all end users of cannabis and botanical products.

DigiPath reported a net loss of $1.80 million for the year ended
Sept. 30, 2019, compared to a net loss of $1.65 million for the
year ended Sept. 30, 2018.  As of Sept. 30, 2019, the Company had
$1.35 million in total assets, $930,067 in total liabilities, and
$425,866 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. 30, 2019, on the consolidated financial statements for the
year ended Sept. 30, 2018, stating that the Company has recurring
losses from operations and insufficient working capital, which
raises substantial doubt about its ability to continue as a going
concern.


DORIAN LPG: Posts $35.6 Million Net Income in Third Quarter
-----------------------------------------------------------
Dorian LPG Ltd. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting net income of $35.63
million on $85.44 million of total revenues for the three months
ended Dec. 31, 2019, compared to a net loss of $6.22 million on
$55.11 million of total revenues for the three months ended Dec.
31, 2018.

For the nine months ended Dec. 31, 2019, the Company reported net
income of $82.41 million on $238.23 million of total revenues
compared to a net loss of $34.99 million on $123.56 million of
total revenues for the same period in 2018.

As of Dec. 31, 2019, the Company had $1.65 billion in total assets,
$675.81 million in total liabilities, and $982.02 million in total
shareholders' equity.

John C. Hadjipateras, chairman, president and chief executive
officer of the Company, commented, "Rates are healthy and the VLGC
orderbook has been stable.  With a young, fuel-efficient fleet,
more than half of which will be scrubber equipped in the coming
months, IMO 2020 has strengthened our market position. Quarterly
revenue has increased 55%, while adjusted EBITDA has more than
doubled compared to the same period last year.  Our Board's
decision to increase the repurchase authorization reflects our
constructive view of the industry outlook and our disciplined
approach to capital allocation where we see discounts to our
intrinsic value."

Charter Hire Expenses

Charter hire expenses for the vessel chartered in from a third
party were $2.1 million for the three months ended Dec. 31, 2019.
No such costs were incurred during the three months ended
Dec. 31, 2018.

Vessel Operating Expenses

Vessel operating expenses were $19.1 million during the three
months ended Dec. 31, 2019, or $9,452 per vessel per calendar day,
which is calculated by dividing vessel operating expenses by
calendar days for the relevant time-period for the
technically-managed vessels that were in its fleet.  Vessel
operating expenses per vessel per calendar day increased by $1,165
from $8,287 for the three months ended Dec. 31, 2018 to $9,452 for
the three months ended Dec. 31, 2019.  The increase in vessel
operating expenses for the three months ended Dec. 31, 2019, when
compared with the three months ended Dec. 31, 2018, was primarily
the result of a $2.1 million, or $1,030 per vessel per calendar
day, increase in operating expenses related to the drydocking of
vessels including repairs and maintenance, spares and stores,
coolant costs, and other drydocking related operating expenses.

General and Administrative Expenses

General and administrative expenses were $5.0 million for the three
months ended Dec. 31, 2019, a decrease of $0.2 million, or 2.3%,
from $5.2 million for the three months ended Dec. 31, 2018. This
decrease was due to a reduction of $0.6 million in stock-based
compensation, partially offset by an increase of $0.4 million in
other general and administrative expenses.

Professional and Legal Fees Related to the BW Proposal

In 2018, BW LPG Limited and its affiliates made an unsolicited
proposal to acquire all of the Company's outstanding common shares
and, along with its affiliates, commenced a proxy contest to
replace three members of the Company's Board of Directors with
nominees proposed by BW.  BW's unsolicited proposal and proxy
contest were subsequently withdrawn on Oct. 8, 2018.  Professional
(including investment banking fees) and legal fees related to the
BW Proposal were $7.8 million for the three months ended Dec. 31,
2018.  No such costs were incurred during the three months ended
Dec. 31, 2019.

Interest and Finance Costs

Interest and finance costs amounted to $8.8 million for the three
months ended Dec. 31, 2019, a decrease of $1.2 million, or 12.2%,
from $10.0 million for the three months ended Dec. 31, 2018.  The
decrease of $1.2 million during this period was due to a decrease
of $1.1 million in interest incurred on its long-term debt,
primarily resulting from a decrease in average indebtedness, and a
reduction of $0.1 million in amortization of deferred financing
fees.  Average indebtedness, excluding deferred financing fees,
decreased from $739.9 million for the three months ended Dec. 31,
2018 to $676.0 million for the three months ended Dec. 31, 2019. As
of Dec. 31, 2019, the outstanding balance of our long-term debt,
net of deferred financing fees of $11.8 million, was $650.3
million.

Unrealized Gain/(Loss) on Derivatives

Unrealized gain on derivatives was approximately $1.4 million for
the three months ended Dec. 31, 2019, compared to an unrealized
loss of $6.7 million for the three months ended Dec. 31, 2018. The
$8.1 million difference is attributable to (1) an increase of $7.5
million in the fair value of the Company's interest rate swaps
caused by changes in forward LIBOR yield curves and (2) $0.6
million of unrealized gains on its FFA positions.

Market Outlook & Update

For quarter ended Dec. 31, 2019, the Baltic Index averaged $73 per
metric ton, compared to an average of $66 per metric ton in the
previous quarter.  Freight rates benefitted from a significant rise
in the U.S.-Asia propane spot arbitrage, which averaged over $70
per metric ton during the quarter ended Dec. 31, 2019 compared to
approximately $16 per metric ton in the previous quarter ended
Sept. 30, 2019.

Average Middle Eastern LPG contract price (CP) remained firm
averaging $430 per metric ton during the quarter ended Dec. 31,
2019, a quarter-over-quarter increase of $65 per metric ton.  In
comparison, Mt. Belvieu prices averaged only $255 per metric ton
during the same time period, a quarter-over-quarter increase of $28
per metric ton.

In October 2019, there was an increase in U.S. LPG exports to
India, possibly due to the September 2019 drone attacks in Saudi
Arabia, lowering Saudi Arabian exports and increasing CP prices.
According to ship tracking, in October approximately 300,000 metric
tons were exported from the U.S. to India, which was the highest
amount during 2019.  During 2019, Indian LPG imports have been
higher than expected due to strong retail demand.

During the quarter ended Dec. 31, 2019, the propane-naphtha spread
in NW Europe averaged $(116) per metric ton.  As a result, propane
remained a favorable feedstock for flexible steam crackers.  A key
driver of the spread was the increased availability of product in
the west, particularly increased U.S. LPG export volumes.  With the
expansion of Enterprise Products Partners' Houston Ship Channel LPG
export facility completed during the quarter ended Dec. 31, 2019,
U.S. LPG exports increased to nearly 10.8 million metric tons
compared to approximately 10.3 million metric tons in the quarter
ended
Sept. 30, 2019.  The Asia/Pacific region remained a key destination
of U.S. LPG export volumes despite ongoing U.S.-China trade
negotiations and Chinese tariffs on U.S. propane and butane
exports.  During the quarter ended Dec. 31, 2019 the volume of U.S.
LPG exports to the Asia/Pacific region was around nearly 5.5
million metric tons.

Petrochemical demand for LPG as a feedstock for propane
dehydrogenation (PDH) and steam cracking remains strong.  However,
during the quarter ended Dec. 31, 2019, petrochemical margins fell
significantly and as a result some operators lowered production
volumes or brought forward maintenance.  This was due in part to
the high feedstock prices coupled with weak olefin prices.  While
the margin for utilizing propane as an ethylene feedstock decreased
in both NW Europe and Asia, it remained positive overall, unlike
the margin for naphtha cracking.

At present, the VLGC orderbook stands at approximately 15% of the
current global fleet.  An additional 42 VLGC are expected to be
added to the global fleet by calendar year-end 2022.  The average
age of the global fleet is now approximately ten years old.

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

                        https://is.gd/J4vmN5

                         About Dorian LPG

Stamford, Connecticut-based Dorian LPG Ltd. --
http://www.dorianlpg.com/-- is a liquefied petroleum gas shipping
company and an owner and operator of modern very large gas
carriers.  Dorian LPG's fleet currently consists of twenty-three
modern VLGCs.  Dorian LPG has offices in Stamford, Connecticut,
USA; London, United Kingdom; Copenhagen, Denmark; and Athens,
Greece.

Dorian LPG reported a net loss of $50.94 million for the year ended
March 31, 2019, a net loss of $20.40 million for the year ended
March 31, 2018, and a net loss of $1.44 million for the year ended
March 31, 2017.  As of Sept. 30, 2019, Dorian LPG had $1.64 billion
in total assets, $687.8 million in total liabilities, and $954.5
million in total shareholders' equity.


DPW HOLDINGS: Ault & Company, et al. Report 15.6% Equity Stake
--------------------------------------------------------------
Philou Ventures, LLC, Ault & Company, Inc. and Milton C. Ault, III
disclosed in an amended Schedule 13D filed with the Securities and
Exchange Commission that they may be deemed to beneficially own, in
the aggregate, 674,953 shares, or 15.64%, of DPW Holdings, Inc.'s
common stock as of Jan. 30, 2020 (based upon 4,310,057 shares of
common stock outstanding as of Jan. 30, 2020).

Philou has sole voting power and sole dispositive power with
respect to 7,871 shares of common stock.  Pursuant to Rule 13d-3(a)
under the Exchange Act, each of Ault & Company and Mr. Ault (by
virtue of their relationships to Philou) may be deemed to
indirectly beneficially own the shares of common stock that Philou
owns.  Each of Ault & Company and Mr. Ault disclaims beneficial
ownership of the shares of common stock for all other purposes.

Ault & Company has sole voting power and sole dispositive power
with respect to 674,910 shares of common stock.  Pursuant to Rule
13d-3(a) under the Exchange Act, Mr. Ault (by virtue of his
relationship to Ault & Company) may be deemed to indirectly
beneficially own the shares of common stock that Ault & Company
owns.  Mr. Ault disclaims beneficial ownership of the shares of
common stock for all other purposes.

Accordingly, Mr. Ault, as the chief executive officer of Ault &
Company which in turn is the manager of Philou, may in such
capacity be deemed to hold sole voting and dispositive power over
674,953 shares of the Issuer's common stock beneficially owned by
the Reporting Persons.

A full-text copy of the regulatory filing is available for free at
the SEC's website at:

                      https://is.gd/b1SjSV

                      About DPW Holdings

Headquartered in Newport Beach, California, DPW Holdings, Inc.,
formerly known as Digital Power Corp. --
http://www.DPWHoldings.com/-- is a diversified holding company
pursuing growth by acquiring undervalued businesses and disruptive
technologies that hold global potential.  Through its wholly owned
subsidiaries and strategic investments, the Company provides
mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial,
telecommunications, medical, crypto-mining, and textiles.  In
addition, the company owns a select portfolio of commercial
hospitality properties and extends credit to select entrepreneurial
businesses through a licensed lending subsidiary.

DPW Holdings incurred a net loss of $32.98 million in 2018,
following a net loss of $10.89 million in 2017.  As of Sept. 30,
2019, the Company had $47.42 million in total assets, $29.50
million in total liabilities, and $17.92 million in total
stockholders' equity.

Marcum LLP, in New York, the Company's auditor since 2016, issued a
"going concern" qualification in its report dated April 16, 2019,
on the Company's consolidated financial statements for the year
ended Dec. 31, 2018, stating 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.


DUCOMMUN INC: S&P Alters Outlook to Negative, Affirms 'BB-' ICR
---------------------------------------------------------------
S&P Global Ratings affirmed its ratings on Ducommun Inc., including
the 'BB-' issuer credit rating, and revised the outlook to negative
from stable.

S&P said, "We expect 2020 credit metrics to be affected by the
lower MAX production.  Based on 2020 production rates announced by
Spirit AeroSystems Inc., the largest supplier on the MAX program
and a key customer on the MAX for Ducommun, we now expect MAX
revenues to only be about a third of what they were in 2019. If
production does not ramp up as expected, or if the company is not
able to reduce costs to offset the lost earnings, credit metrics
could be weaker than expected over the next year. We now expect
debt to EBITDA of 3.7x-4.1x in 2020, improving to 2.9x-3.3x in
2021, compared to our previous expectation of 3.0x-3.4x in 2020."

"The negative outlook on Ducommun reflects the possibility that
credit metrics could weaken more than we expect if the 737 MAX
production suspension continues longer than we anticipate, if
production rates once it resumes are lower than expected, or if
there are greater impacts to profitability. We expect debt to
EBITDA to be 3.7x-4.1x in 2020, improving to 2.9x-3.3x in 2021."

"We could lower our rating on Ducommun in the next 12 months if we
expect debt to EBITDA to rise and remain above 4x for a prolonged
period. This would most likely occur if MAX production volumes are
lower than forecast, or if costs are higher than anticipated."

"We could revise the outlook back to stable if we expect debt to
EBITDA to remain below 4x. This could occur if we expect MAX
production to return to higher rates next year and the company is
able to successfully control costs."


DUNCAN MORGAN: Sink Selling Raleigh Property to Nguyens for $172K
-----------------------------------------------------------------
Kevin L. Sink, the Chapter 11 Trustee of Duncan Morgan, LLC, asks
the U.S. Bankruptcy Court of the Eastern District of North Carolina
to authorize the private sale of the real property located at 9205
Keswick Woods Court, Raleigh, North Carolina to Hai Kim Nguyen and
Oanh Thi Nguyen for $172,000.

The Debtor owns the Real Property.  

A Prior Sale Motion was filed on Dec. 13, 2019 relating to the Real
Property with a proposed sale price of $171,900.  The Court
conducted a hearing on the Prior Sale Motion on Jan. 9, 2020 and
indicated its oral approval.  Subsequent to the hearing on the
Prior Sale Motion, the proposed purchaser backed out of the Offer
to Purchase and Contract.  A withdrawal of the Prior Sale Motion
was filed on Jan. 13, 2020.   

Based on the efforts of Realtor Jeff Horton of Allen Tate Realty in
listing the Real Property and otherwise, the Trustee has received a
new Offer to Purchase and Contract.  The proposed purchasers of the
Real Property are the Purchasers.

The general terms of the Offer are:

     a. Sale Price of $172,000;

     b. Due Diligence Fee of $1,000;

     c. Earnest Money Deposit of $2,000;

     d. Settlement Date of Feb. 18, 2020; and  

     e. The Real Property will be sold free and clear of any and
all liens, encumbrances, rights and claims, if any.

Upon information and belief, the Real Property is subject only to a
mortgage in favor of First National Bank.  Such mortgage is not in
the name of the Debtor but does constitute a lien on the Real
Property.  Such Mortgage is in the name of Maxwell and Bronwyn
Drummond and Mr. and Mrs. Drummond have been making the payments on
the Mortgage.  Bronwyn Drummond is the daughter of Jean Budler, a
party in interest in this bankruptcy proceeding.  

Upon information and belief, the approximate balance of the
Mortgage is $33,044.  In order to effectuate the sale of the
Property, the Trustee purposes to escrow the balance of the
Mortgage, which has a maturity date of Aug. 1, 2046, at closing
with all liens of the Mortgage to attach to the escrowed proceeds.


The Trustee has executed the Offer, subject to the express approval
of the Court.  He asks its approval of the sale of the Real
Property subject to a 6% real estate commission to be paid to the
Realtor upon the closing on the Sale of the Real Property, pursuant
to the Offer.

The Real Property is currently vacant and not producing income for
the Debtor.  The Trustee believes the Offer represents a fair sales
price for the Real Property.  

Upon information and belief, the Purchasers are not an insider of
the Debtor.  The Offer actually exceeds the listing price for the
Real Property and it is consistent with comparable properties.  
The best interest of the Debtor, its creditors and the estate will
be served by the allowance of the Motion.  

Finally, the Trustee asks the Court to find that no basis exists
for the stay of any Order granting the Motion, and pursuant to
Bankruptcy Rule 6004(h), such Order is effective immediately.

A copy of the Offer to Purchase & Contract is available at
https://tinyurl.com/wtxzgc3 from PacerMonitor.com free of charge.

                     About Duncan Morgan

Duncan Morgan LLC is primarily engaged in renting and leasing real
estate properties.

Duncan Morgan sought Chapter 11 protection (Bankr. E.D.N.C. Case
No. 19-03113) on Oct. 10, 2019.  The Debtor was estimated to have
$1 million to $10 million in assets and liabilities as of the
bankruptcy filing.  

The Hon. David M. Warren is the case judge.  

J.M. Cook, Esq., is the Debtor's counsel.  

Kevin L. Sink was appointed as Chapter 11 trustee on Aug. 21, 2019.
The Chapter 11 Trustee can be reached at:

        Kevin L. Sink
        NICHOLLS & CRAMPTON, PA.
        P.O. Box 18237
        Raleigh, NC 27619
        Telephone: 919-781-1311
        Facsimile: 919-782-0465
        E-mail: ksink@nichollscrampton.com

On Dec. 31, 2019, the Court appointed Jeff Horton of Allen Tate
Realty as the realtor for the Trustee.


ENTERPRISE INSURANCE: Court Confirms Amended Reorganization Plan
----------------------------------------------------------------
On Jan. 9, 2020, the U.S. Bankruptcy Court for the Middle District
of Florida, Orlando Division, conducted a confirmation hearing at
which it considered for approval, the Disclosure Statement of
debtor Enterprise Insurance Agency, Inc., and for confirmation, the
Debtor's First Amended Plan.

On Jan. 16, 2020, Judge Karen S. Jennemann ordered that:

  * As a result of any modifications incorporated in this
Confirmation Order and as a result of the rulings of this Court,
any and all objections to confirmation are overruled as moot.

  * The Disclosure Statement is approved.

  * The Amended Plan is confirmed in all respects, as modified.

  * The Debtor and each of its officers, directors, agents,
attorneys and authorized representatives are authorized, empowered
and directed, subject to the conditions set forth in the Amended
Plan, to take all such steps as may be necessary to effectuate and
implement the Amended Plan, including, without limitation, the
execution and delivery of all instruments of transfer and other
documents necessary to implement the Amended Plan.

  * The provisions of the Amended Plan, as modified by this
Confirmation Order, shall be binding on the Debtor, each holder of
a Claim or Interest against the Debtor and each other party in
interest in this Chapter 11 case, whether or not the Claim or
Interest is impaired under the Amended Plan and whether or not the
holder of such Claim or Interest has accepted the Amended Plan.

  * All settlements, agreements, and compromises provided for under
the Amended Plan are hereby approved, and the Debtor and the other
parties thereto are authorized and directed to enter into them and
to perform thereunder according to their respective terms.

A full-text copy of the First Amended Plan dated Jan. 16, 2020, is
available at https://tinyurl.com/rtmtobx from PacerMonitor.com at
no charge.

The Debtor is represented by:

        L. William Porter III
        LAW OFFICE OF L. WILLIAM PORTER III, P.A.
        d/b/a THE BILL PORTER LAW FIRM
        2014 Edgewater Drive #119
        Orlando, Florida 32804
        Telephone: 407-603-5769
        Facsimile: 407-674-3168
        Primary E-mail: bill@billporterlaw.com

            About Enterprise Insurance Agency

Enterprise Insurance Agency, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-00811) on
Feb. 6, 2019. At the time of the filing, the Debtor had estimated
assets of less than $50,000 and liabilities of less than $500,000.
The case has been assigned to Judge Cynthia C. Jackson.  The Debtor
tapped the Law Offices of L. William Porter III, P.A. as its legal
counsel.

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


FAIRWAY GROUP: U.S. Trustee Forms 7-Member Committee
----------------------------------------------------
The U.S. Trustee for Region 2 on Feb. 4, 2020, appointed seven
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of Fairway Group Holdings Corp. and its
affiliates.
  
The committee members are:

     (1) CBA Industries, Inc.  
         669 River Drive
         Elmwood Park, New Jersey 07407
         Attn: Carl P. Casazza, Vice President- Finance
         Telephone: 201-414-5200
         Facsimile: 201-414-5203

     (2) DHH Company LLC and 2828 on Twelfth, LLC
         69 Eagle Chase
         Woodbury, New York 11797
         Attn: Howard Glickberg
         Telephone: 917-709-3492
         Telephone: 914-403-7358

     (3) U.F.C.W. Local 1500 Pension Fund
         425 Merrick Avenue
         Westbury, New York 11590
         Attn: Anthony Speelman
         Telephone: 516-214-1347
         Facsimile: 516-214-1313

     (4) United Natural Foods, Inc.  
         313 Iron Horse Way
         Providence, Rhode Island 02908
         Attn: Nicholas I. Leitzes, Esq.
         Assistant General Counsel of UNFI
         Telephone: 401-524-8634 ext. 32315
         Facsimile: 866-284-2288

     (5) UFCW Local 1500
         425 Merrick Avenue
         Westbury, New York 11590
         Attn: Robert W. Newell
         Telephone: 516-214-1301
         Facsimile: 516-732-6356

     (6) Maplebear Inc.  
         50 Beale Street, Suite 600
         San Francisco, California 94105
         Attn: Hyun Jee Son
         Telephone: 650-549-7334
         Facsimile: 415-937-6406

     (7) 7 Yale & Towne LLC  
         1 Elmcroft Road
         Stamford, Connecticut  
         Attn: Edward Ferrarone
         Telephone: 203-644-1584
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                About Fairway Group Holdings Corp.

Fairway -- https://www.fairwaymarket.com/ -- is a food retailer
operating 14 supermarkets across the New York, New Jersey and
Connecticut tri-state area, including two with freestanding wine
and liquor stores (the Stamford and Pelham locations) and two with
in-store wine and liquor stores (the Woodland Park and Paramus
locations).  The company's flagship store is located at Broadway
and West 74th Street, on the Upper West Side of Manhattan,
featuring a cafe, Sur la Route, and state of the art cooking
school.  Fairway's stores emphasize an extensive selection of
fresh, natural, and organic products, prepared foods, and
hard-to-find specialty and gourmet offerings, along with a full
assortment of conventional groceries.

Fairway Group Holdings Corp. and 25 affiliated companies sought
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 20-10161) on
Jan. 23, 2020.  

In the petitions signed by CEO Abel Porter, the Debtors were
estimated to have $100 million to $500 million in assets and
liabilities.  

Judge James L. Garrity, Jr., is assigned to the cases.

The Debtors tapped Weil, Gotshal & Manges LLP as legal counsel;
Peter J. Solomon and Mackinac Partners, LLC as financial advisor;
and Omni Agent Solutions as claims, noticing and solicitation
agent.


FLEETWOOD ACQUISITION: Triumph Buying Miscellaneous Assets
----------------------------------------------------------
Fleetwood Acquisition Corp. and its affiliates filed with the U.S.
Bankruptcy Court for the District of Delaware a notice of their
proposed procedures in connection with the sale of certain assets
of limited value located in Shoemakersville, Pennsylvania, to
Triumph Motorcycles America.

On Nov. 19, 2019, the Court entered the Miscellaneous Sale
Procedures Order, whereby it authorized the Debtors to sell certain
Miscellaneous Assets in accordance with procedures provided for
therein.

Pursuant to the terms of the Miscellaneous Asset Sale Procedures
Order, the Debtors propose to sell the Miscellaneous Assets as set
forth on Exhibit A.  In accordance with the Miscellaneous Asset
Sale Procedures Order, Exhibit A provides: (i) a description of the
Miscellaneous Assets that are the subject of the Proposed
Miscellaneous Asset Sale; (ii) the location of the Miscellaneous
Assets; (iii) the economic terms of sale; (iv) the identity of any
non-Debtor party to the Proposed Miscellaneous Asset Sale and
specify whether that party is an "affiliate" or "insider" as those
terms are defined under section 101 of the Bankruptcy Code, of the
Debtors; and (v) the identity of the party, if any, holding liens,
claims, encumbrances or other interests in the Miscellaneous
Assets.

Pursuant to the Miscellaneous Asset Sale Procedures Order, the
Objection Deadline is Jan. 28, 2020 at 4:00 p.m.

A copy of the Exhibit A is available at https://tinyurl.com/u3jyvec
from PacerMonitor.com free of charge.

                   About Fleetwood Acquisition

Fleetwood Acquisition Corp. and its affiliates, Fleetwood
Industries Inc. and High Country Millwork Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 19-12330) on Nov. 4, 2019.

Fleetwood Industries and High Country Millwork --
http://www.fleetwoodfixtures.com/-- are providers of customized
fixtures and displays, with decades of experience serving a wide
variety of customers in the retail and hospitality industries.

At the time of the filing, Fleetwood Acquisition was estimated to
have assets of between $10 million and $50 million and liabilities
of between $50 million and $100 million.

The cased have been assigned to Judge Kevin Gross.

The Debtors tapped Bayard, P.A., as their legal counsel, and
Bankruptcy Management Solutions, Inc. as their claims and noticing
agent.


FLORIDA FIRST: Beach Buying All Shares in First City Bank for $100K
-------------------------------------------------------------------
Florida First City Banks, Inc., asks the U.S. Bankruptcy Court for
the Southern District of Florida to authorize the sale of all its
shares in First City Bank of Florida, its wholly owned banking
subsidiary, to Beach Community Bank for $100,000, subject to
overbid.

The Bank is primarily engaged in business in Okaloosa County and
operates at two locations.  As a result of the severe economic
recession nationally and the corresponding downturn in the markets
served by the Bank in the State of Florida, the Bank's assets value
deteriorated during 2009 and 2010.

The Bank and the Debtor are highly regulated entities.  The Bank
and the Debtor's principal regulators are the Federal Deposit
Insurance Corp. ("FDIC"), the State of Florida, Office of Financial
Regulation, ("OFR") and the Federal Reserve Bank of Atlanta.

The Bank is currently subject to and a party to a Modification of
an Order to Cease and Desist issued by the FDIC and the Florida
Office of Financial Regulation dated Dec. 4, 2017.  The provisions
contained in the Modification supersede the previous provisions of
the Cease and Desist Order.

The Debtor commenced the case in accordance with the requirements
of a written Plan of Merger and Merger Agreement, dated Jan. 14,
2020, which will permit the sale of its stock in the Bank and the
injection of new capital into the Bank through a merger with
Purchaser.  The proposed sale, subject to higher and better
counter-offers, will be in accordance with the terms of any bid
procedures established by the Court, as to the Purchaser, Beach
Community Bank.

The Sale of the Shares to the Purchaser will generate sale
consideration of $100,000 which will be distributed to the
creditors of Florida First, after the satisfaction of any
administrative expenses that may be allowed by the Court.  The
successful completion of the proposed sale transaction will, in
turn, allow the Bank to issue new equity securities through a
merger with Purchaser that will generate new equity of
approximately $20 million to recapitalize the Bank and allow the
Bank to continue to serve the interests of its customers,
depositors, borrowers, employees and creditors.

The Debtor has two creditors, First National Banker's Bank and
Wilmington Trust Company, as Trustee for Florida First Statutory
Trust 1, a Delaware Trust.  FNBB is owed a debt consisting of
unpaid principal in the amount of $3.9 million and interest in the
amount of $1,837,306 for a total of $5,737,326 as of Dec. 31, 2019.
This debt is secured by a lien on the shares of stock owned by
Debtor in First City Bank of Florida.  The stock consists of 41,434
shares of common stock issued at $10 par value.

Wilmington holds a debt in the principal amount of $5,155,000 and
accrued interest of $1,788,430 for a total of $6,943,430 as of Dec.
31, 2019.  This debt was incurred pursuant to a Trust Preferred
Securities transaction, dated June 15, 2005.

The Debtor has no other creditors.  The Debtor is a party to a
Purchase of Note Revolving Line of Credit, dated Sept. 10, 2018
between FNBB and Southern Trust Group, LP.  The agreement provided
for Southern Trust Group's purchase of the senior secured debt owed
to FNBB.  The Agreement was not consummated and Debtor has no
direct liability to Southern Trust Group, LP.

Beach Community Bank is a Florida Banking Corporation.  Beach
Community Bank recently went through a recapitalization in 2018
through a similar chapter 11 bankruptcy proceeding which resulted
in the infusion of $100 million in new investment in the bank.

The Debtor, the Purchaser and the Bank, subject to the review and
approval of the Court, have entered into a written Plan of Merger
and Merger Agreement.  If effectuated, the transactions
contemplated by the Agreement will result in a merger of the Bank
with Purchaser, will recapitalize the Bank, ensure the Bank's
regulatory compliance, maximize the value available for the
Debtor's creditors, preserve jobs, and save the FDIC Deposit
Insurance Fund substantial amounts, while simultaneously allowing
the Bank to continue serving the needs of its customers.

The Purchaser is prepared to proceed with a transaction to acquire
100% of the stock in the Bank owned by the Debtor for $100,000.
The Purchaser and other third-party investors will at the same time
enter into stock acquisitions to provide approximately $20 million
in consideration of new equity to be issued by the Purchaser.

Pursuant to the Agreement, Florida First will sell 100% of the
stock in the Bank to the Purchaser free and clear of all
Encumbrances.

The following highlights some of the key terms and conditions of
the Agreement:

     a. Consideration: $100,000 cash

     b. The Sale is subject to approval by the Court and
competitive bidding pursuant to the Bidding Procedures Order.
Further, consummation of the sale transaction is jointly subject to
certain closing conditions, such as the following: (i) Court
approval of the Bidding Procedures proposed including, without
limitation, the Stalking Horse Bidder Fee, (ii) the entry ofthe
final Sale Order by the Court; (iii) the parties obtaining all
necessary governmental authorizations including without limitation,
the approval of the Board of Governors of the Federal Reserve
System, the FDIC and the Florida OFR; and (iv) the successful
closing of the new equity raise.

     c. The Bank is authorized to solicit competing proposals to
purchase the Bank shares in accordance with the Bidding Procedures
Order, but not otherwise.

     d. The Purchaser will retain the right to credit bid the
Stalking Horse Bidder Fee at any auction that may be held with
respect to the Shares.

     e.  In light of the regulatory and financial pressures on the
Debtor and the Bank, the Debtor has requested a waiver of the stay
imposed by Bankruptcy Rule 6004(h).

The Purchaser will separately enter into Stock Subscription
Agreements ("SSAS") with Third-Party Investors.  Under the terms of
the SSAs, Purchaser will offer and sell in a private placement
ofnewly issued equity securities of the Purchaser for aggregate
gross proceeds of approximately $20 million.  The SSAs are
conditioned upon the Agreement successfully closing and the Bidding
Procedures Order and Sale Order being entered in accordance with
the terms of Agreement.

The Debtor proposes the following timeline in connection with the
relief sought in the Motion:

     a. Bidding Procedures Hearing - Within 7 days of the Petition
Date

     b. Deadline for competing bids - 5 days before Sale Hearing

     c. Auction Date (if necessary) - 3 days before Sale Hearing

     d. Sale Hearing - Within 30 days of Bidding Procedures
Hearing.

The salient terms of the Bidding Procedures are:

     a. Initial Bid: A bid that exceeds the Closing Consideration
by at least the sum of the Stalking Horse Bidder Fee and $500,000
and provides for the recapitalization of the Bank on terms not less
favorable than the Agreement and that are acceptable to the
Regulators

     b. Deposit: $100,000

     c. Auction: If, on the Bid Deadline, there is more than one
Qualified Overbidder, the Debtor will conduct an auction of the
Shares, subject to approval of the Court, in which the Purchaser
and all other Qualified Overbidders may participate.

     d. Bid Increments: $100,000

     e. Bidder Protections: $500,000

The Debtor shall, within two days of the entry of the Bidding
Procedures Order, serve a copy of each of the Motion, the Bidding
Procedures Order, and a copy of the Notice of Sale, upon the Notice
Parties.

By the Motion, the Debtor asks entry of a "Bidding Procedures
Order" which (i) approves the Bidding Procedures; (ii) approves the
Bidding Protections, including the Stalking Horse Bidder Fee, the
Initial Minimum Overbid, and the bidding increments described
below; (iii) approves the form and manner of the Notice of Sale;
and (iv) grants related relief.  Further, by the Motion, it asks
that the Court sets a Sale Hearing within 30 days of the entry of
any Bidding Procedures Order.

The Debtor asks that the stay imposed by Bankruptcy Rule 6004(h) be
waived under the circumstances of the case.

                   Florida First City Banks

Florida First City Banks, Inc., is a privately held company that
operates in the banking industry.

Florida First City Banks, Inc. sought Chapter 11 protection (Bankr.
S.D. Fla. Case No. 20-30037) on Jan. 15, 2020.  In the petition
signed by Robert E. Bennett, Jr., president, the Debtor disclosed
total assets of $5,448,525 and total debt of $12,680,735.  The
Debtor tapped Steven J. Ford, Esq., at Wilson, Harrell, Farrington,
Ford, Et Al. as counsel.                         


FORMING MACHINING: S&P Downgrades ICR to 'B-'; Outlook Negative
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Forming
Machining Industries Holdings LLC to 'B-' from 'B' and removed it
from CreditWatch, where it placed it with negative implications on
Dec. 23, 2019.

S&P said, "At the same time, we are lowering our issue-level rating
on the company's $50 million revolver and $260 million first-lien
term loan to 'B-' from 'B' and removing them from CreditWatch. The
recovery ratings remains '3'."

"Additionally, we are lowering our issue-level rating on the
company's $60 million second-lien term loan to 'CCC' from 'CCC+'
and removing it from CreditWatch. The recovery rating remains '6'.

"We expect FMI's credit metrics to deteriorate as a result of the
Boeing 737 MAX production suspension and low production level when
it resumes.  Spirit AeroSystems Inc. announced last week that it
expects to produce components for 216 MAX jets in 2020 based on
discussions it has had with Boeing Co. FMI supplies its parts for
the MAX through Spirit and the MAX is a significant portion of the
company's revenue. Production is much lower than the more than 600
per year that FMI was producing previously and will likely result
in significantly weaker credit metrics. We now expect debt to
EBITDA of 8.6x-9.0x in 2020, up from our previous expectation of
5.4x-5.8x. While we expect the company to take actions to cut
costs, including already completed layoffs, this may not be
sufficient to offset the earnings decline from the lower revenue.
We expect improvement in 2021, resulting in debt to EBITDA of
6.4x-6.8x, but this could be weaker if production volumes are much
lower than expected or if the company is unsuccessful in
controlling costs."

"The negative outlook on FMI reflects the risk that credit metrics
or liquidity could deteriorate further if the 737 MAX production
suspension continues longer than we anticipate, production rates
are lower than we expect once they resume, the company is unable to
successfully control costs, or if liquidity deteriorates. We expect
debt to EBITDA to be 8.6x-9.0x in 2020."

"We could lower our rating on the company in the next 12 months if
737 MAX production volumes are lower than we expect or if the
company is unable to control costs, resulting in weaker liquidity.
We could also lower the ratings if sustained high leverage led us
to believe the company's capital structure was no longer
sustainable over several years."

"We could revise our outlook to stable in the next 12 months if the
company's debt to EBITDA trends toward 7x and we expect it to
remain there and the company generates positive free cash flow.
This could occur if the company is successful in controlling costs
to offset the lower MAX production and if we believe that MAX
production will return to higher rates next year."


FOSSIL CREEK: Taps Universal Hospitality as Property Manager
------------------------------------------------------------
Fossil Creek Partners, LLC seeks authority from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Universal
Hospitality Solutions, LLC to manage Holiday Inn Fossil Creek, a
hotel under receivership in Fort Worth, Texas, owned by the
Debtor.

As property management company for the Debtor's hotel, Universal
Hospitality will provide these services:

    (a) assisting the Debtor in the management of the property;

    (b) maintaining the Debtor's bank accounts and paying its
bills;

    (c) assisting the Debtor with the performance of maintenance
and repairs in the ordinary course of operating the property,
including entering service contracts;

    (d) assisting the Debtor with all other accounting services and
providing all other financial advice to the Debtor in connection
with this Chapter 11 case as may be required or necessary.

The compensation to be paid to Universal Hospitality Solutions, LLC
will be $4,500 per month, plus reimbursements and other costs as
set forth in the Management Agreement.

Universal Hospitality Solutions attests that it is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.  

The firm may be reached through:

    Larry Williams
    Vice President of Operations
    Universal Hospitality Solutions, LLC
    7720 E. Doubtletree Ranch Road, Suite 300
    Scottsdale, AZ 85258
   
              About Fossil Creek Partners, LLC

Fossil Creek Partners, LLC dba Holiday Inn Fossil Creek, is a
privately held company in the traveler accommodation industry.  The
company filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
20-40297) on January 23, 2020.  

On the Petition Date, the Debtor estimated between $10 million and
$50 million in both assets and liabilities.  The petition was
signed by Larry D. Williams, VP of Operations.

Joyce W. Lindauer Attorney, PLLC represents the Debtor.  Judge Mark
X. Mullin is assigned to the case.   



G.D.S. EXPRESS: Committee Taps Levinson as Counsel
--------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
Chapter 11 cases of G.D.S. Express and its debtor-affiliates seeks
permission from the Bankruptcy Court for the Northern District of
Ohio to retain Levinson LLP as its counsel.

As counsel, Levinson LLP will:

   (a) consult with the Committee concerning the administration of
the Debtors' cases;

   (b) consult with, aid, and advise the Committee with respect to
the investigation of the acts, conduct, assets, liabilities, and
financial condition of the Debtors, the operation of the Debtors'
businesses, and any other matter relevant to the cases or the
formulation of a plan or plans of reorganization;

   (c) advise the Committee of its fiduciary duties and
responsibilities to the unsecured creditors and to direct necessary
communication with its constituents;

   (d) take actions necessary to aid the Committee in preserving
and protecting the assets of the Debtors' estates, to prepare on
behalf of the Committee all necessary pleadings, reports,
applications, answers, orders, and other legal documents, including
the review and, as necessary, the negotiation, drafting, and filing
of a plan or plans of reorganization, disclosure statement(s), and
other related documents;

   (e) evaluate and potentially pursue claims against appropriate
parties;

   (f) ensure that all possible funds are recovered for the benefit
of the estates from any and all avoidance actions;

   (g) represent the Committee's interest in any hearings before
the Court;

   (h) review all applications, motions, pleadings, orders, or
other matters filed in the Debtors' bankruptcy cases;

   (i) perform other necessary legal services for the Committee;

   (j) monitor actions taken, or proposed to be taken, by the
Debtors in connection with the disposition and/or sale of property
of the estate, the assumption and/or rejection of executory
contracts, unexpired leases, and/or lease restructurings; and

   (k) take all steps necessary to ensure that the Committee is
aware of all bar dates or key issues that might affect the
interests of the Committee and its constituents.

Levinson will charge the Debtors' estate for legal services
rendered at $350 per hour, subject to periodic adjustment, in
accordance with the firm's ordinary and customary hourly rates.

Jeffrey M. Levinson, a partner at the firm, attests that his firm
is a disinterested person as defined in section 101(14) of the
Bankruptcy Code.

The firm may be reached through:

   Jeffrey M. Levinson, Partner
   Levinson LLP
   55 Public Square, Suite 1750
   Cleveland, OH 44113   

                    About G.D.S. Express

G.D.S. Express, Inc. -- 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.  It 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.

G.D.S. Express and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Ohio Lead Case No. 19-53034)
on Dec. 27, 2019.  At the time of the filing, G.D.S. Express had
estimated assets of less than $50,000 and liabilities of between $1
million and $10 million.  

Judge Alan M. Koschik oversees the cases.  Brouse McDowell, LPA is
the Debtors' legal counsel.




GENCANNA GLOBAL: Case Summary & Unsecured Creditor
--------------------------------------------------
Debtor: GenCanna Global, Inc.
        321 Venable Road Suite 2
        Winchester, KY 40391

Business Description: GenCanna Global, Inc. is a vertically
                      integrated agriculture-technology company
                      specializing in the production of hemp rich
                      in CBD.

Chapter 11 Petition Date: February 5, 2020

Court: United States Bankruptcy Court
       Eastern District of Kentucky

Case No.: 20-50211

Debtor's Counsel: James R. Irving, Esq.
                  DENTONS BINGHAM GREENEBAUM LLP
                  3500 PNC Tower
                  101 South Fifth Street
                  Louisville, KY 40202
                  Tel: (502) 587-3606
                  E-mail: jirving@bgdlegal.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $100 million to $500 million

The petition was signed by James Alt, chief transformation
officer.

The Debtor lists Hemp Kentucky Growers LLC as its sole unsecured
creditor holding a claim of $4,083,859.

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

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

                      https://is.gd/wzmKAV


GLENVIEW HEALTH: Unsecureds to Get $6,000 Monthly Over 5 Years
--------------------------------------------------------------
Debtor Glenview Health Care Facility, Inc. filed with the U.S.
Bankruptcy Court for the Western District of Kentucky, Bowling
Green Division, a Disclosure Statement for Proposed Plan of
Reorganization.

Class 3(C) consists of the partially secured claim of German
American Bank.  See proof of claim number 11 in the total amount of
$357,174.71. This claim is secured by a second mortgage on the real
property of Glenview. The Debtor believes this claim to be
partially secured to the extent of $200,000.00 with the balance of
the claim as unsecured. The secured portion of the claim will be
reamortized over ten years with interest at the rate of 5%. Monthly
payments on the secured portion of the claim will be approximately
$3,774.25.

Class 3(D) consists of the partially secured claim of CIT Bank. See
proof of claim number 8 filed in the total amount of $107,605.04.
This claim is secured by a UCC filing on equipment of the debtor.
Debtor believes the claim to be partially secured to the extent of
$70,000.00. The secured portion of the claim will be paid based on
a 60 month repayment with interest at the rate of 5%. Monthly
payments on the secured portion of the claim will be approximately
$1,353.30.

Class 3(E) consists of the partially secured claim of Ally Bank.
See proof of claim number 16 in the amount of $36,100.95. Debtor
believes the claim to be partially secured to the extent of
$25,000.00. The secured portion of the claim will be paid based on
a 60 month repayment with interest at the rate of 5%.  Monthly
payments on the secured portion of the claim will be approximately
$471.78.

Class 4 consists of unsecured claims allowed under Section 502 of
the Bankruptcy Code that are not otherwise classified. This class
also consists of any and all claims including any deficiency
balance following liquidation of assets as well as any claim for
contribution as a partner, guarantor, or otherwise. Allowed
unsecured creditors will be paid monthly for 60 months.  The Debtor
will make available the sum of $6,000 per month for allowed
unsecured creditors.  The Debtor will make a monthly distribution
to allowed unsecured creditors on a pro rata basis.

Class 5 consists of Equity Interest of Kay Bush and Lisa Howlett in
the Debtor.  Kay Bush and Lisa Howlett will retain their equity
interest in the reorganized debtor.  The equity interest holders
are not entitled to vote.

Upon the Effective Date, all of the assets of the Estate will be
revested in the Reorganized Debtor, and the Reorganized Debtor
shall have the right to manage its own assets and conduct its own
business in the ordinary course, subject to the Debtor's
obligations and duties as set forth in the Plan. The Debtor will
continue to operate post-confirmation as the Reorganized Debtor in
the ordinary course of business, and will become the Reorganized
Debtor on the Effective Date.

Post-confirmation, the Reorganized Debtor will continue receiving
ongoing income from its operations, paying its customary operating
expenses and necessary capital expenditure. The Reorganized Debtor
will fund the Plan payments to Creditors as and when due in the
ordinary course from post-confirmation income and revenues.

A full-text copy of the Disclosure Statement dated Jan. 16, 2020,
is available at https://tinyurl.com/rvwpqgh fromPacerMonitor.com at
no charge.

The Debtor is represented:

       Mark H. Flener
       Law Office of Mark H. Flener
       1143 Fairway Street, Suite 1
       Post Office Box 0008
       Bowling Green, Kentucky 42102-0008
       Telephone: (270) 783-8400
       Facsimile: (270) 783-8872
       E-mail: mark@flenerlaw.com

          About Glenview Health Care Facility

Glenview Health Care Facility, Inc., owns and operates a small
health care facility with 60 beds that provides nursing home
services.

Glenview Health Care Facility sought relief under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Ky. Case No. 19-10795) in Bowling
Green, Kentucky on Aug. 1, 2019.  As of the Petition Date, the
Debtor's assets are between $1 million and $10 million; and its
liabilities are estimated within the same range.  Judge Joan A.
Lloyd oversees the Debtor's case. Mark H. Flener, Esq., is the
Debtor's counsel.

The U.S. Trustee for Region 8 on Aug. 30, 2019, appointed two
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case.  The Committee retained Bingham Greenebaum
Doll LLP, as counsel.


GLOBAL HEALTHCARE: Increases Notes Offering to $2.5 Million
-----------------------------------------------------------
The Board of Directors of Global Healthcare REIT, Inc. agreed to
increase the total offering amount and extend the offering period
of its 2018 Offering of 11% Senior Secured Notes.  The total
offering amount of the Offering has been increased to $2,500,000
and the offering period will continue until terminated by the Board
of Directors.

The following sets forth the information required by Item 701 of
Regulation S-K with respect to the unregistered sales of equity
securities by the Company:

   a. Effective Jan. 28, 2020 the Company, completed the sale of
      an aggregate of $100,000 of its 11% Senior Secured Notes.
      The purchase price for the Notes is equal to the principal  
      amount of the Notes.  The Notes accrue interest at the rate
      of 11% per annum, payable monthly, and mature in October
      2021.  The Notes are secured by a UCC security interest in
      the Company's tangible and intangible assets, pari passu
      with the holders of all outstanding Notes in this Series
      pursuant to an Intercreditor Agreement and Stipulation.

   b. The Note was sold to one investor who qualified as an     
      "accredited investor" within the meaning of Rule 501(a) of
      Regulation D under the Securities Act of 1933 as amended.

   c. No fees or commissions were paid on the sale of the Note.

   d. The issuance of the Note was undertaken without
      registration under the Securities Act in reliance upon an
      exemption from the registration requirements of the
      Securities Act set forth in Rule 506(b) of Regulation D and
      Section 4(2) thereunder.  The investors each qualified as
      an "accredited investor" within the meaning of Rule 501(a)
      of Regulation D. In addition, the Securities, which were
      taken for investment purposes and not for resale, were
      subject to restrictions on transfer.  The Company did not
      engage in any public advertising or general solicitation in
      connection with this transaction, and it provided the
      investor with disclosure of all aspects of its business,
      including providing the investor with its reports filed
      with the Securities and Exchange Commission and other
      financial, business and corporate information.  Based on
      the Company's investigation, the Company believed that the
      accredited investors obtained all information regarding the
      Company that each requested, received answers to all
      questions posed and otherwise understood the risks of
      accepting its Securities for investment purposes.

   e. The proceeds will be used for general working capital.

                    About Global Healthcare

Headquartered in Niwot, CO, Global Healthcare REIT, Inc. was
organized for the purpose of investing in real estate related to
the long-term care industry.  The Company acquires, develops,
leases, manages and disposes of healthcare real estate, and
provides financing to healthcare providers.  The Company's
portfolio will be comprised of investments in the following five
healthcare segments: (i) senior housing, (ii) life science, (iii)
medical office, (iv) post-acute/skilled nursing and (v) hospital.

Global Healthcare reported a net loss of $2 million for the year
ended Dec. 31, 2018, compared to a net loss of $3 million for the
year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company had
$40.26 million in total assets, $38.87 million in total
liabilities, and $1.39 million in total equity.

MaloneBailey, LLP, in Houston, Texas, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
April 16, 2019, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


GNC HOLDINGS: BlackRock Owns 7.1% of Class A Shares as of Dec. 31
-----------------------------------------------------------------
BlackRock, Inc. disclosed in an amended Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 31, 2019, it
beneficially owns 6,035,948 shares of Class A common stock of GNC
Holdings, Inc., which represents 7.1 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at:

                     https://is.gd/HjmV3K

                      About GNC Holdings

GNC Holdings, Inc., headquartered in Pittsburgh, PA, is a global
health and wellness brand with a diversified, multi-channel
business.  The Company's assortment of performance and nutritional
supplements, vitamins, herbs and greens, health and beauty, food
and drink and other general merchandise features innovative
private-label products as well as nationally recognized third-party
brands, many of which are exclusive to GNC.  The Company serves
consumers worldwide through company-owned retail locations,
domestic and international franchise activities, and e-commerce.
As of Sept. 30, 2019, GNC had approximately 7,800 locations, of
which approximately 5,700 retail locations are in the United States
(including approximately 1,900 Rite Aid licensed
store-within-a-store locations) and the remainder are locations in
approximately 50 countries.

GNC Holdings reported net income of $69.78 million for the year
ended Dec. 31, 2018, compared to a net loss of $150.26 million for
the year ended Dec. 31, 2017.  As of Sept. 30, 2019, the Company
had $1.68 billion in total assets, $1.64 billion in total
liabilities, $211.39 million in convertible preferred stock, and a
total stockholders' deficit of $175.66 million.

                           *   *   *

As reported by the TCR on Nov. 15, 2018, S&P Global Ratings
affirmed its 'CCC+' issuer credit rating on Pittsburgh-based
vitamin and supplement retailer GNC Holdings Inc. and removed all
of its ratings on the company from CreditWatch, where S&P placed
them with negative implications on Feb. 14, 2018.  "The affirmation
reflects our belief that GNC's capital structure remains
unsustainable over the long term in light of its current operating
performance, including its cash flow generation, because of
increased competitive threats amid the ongoing secular changes in
the retail industry," S&P said.


GREAGER CUSTOM: Creditors to Be Paid From 'Large Receivable'
------------------------------------------------------------
Greager Custom Homes, Inc., has filed with the United States
Bankruptcy Court for the District of Arizona a Chapter 11 plan.

The funds necessary for the payment of approved and allowed claims
will be derived from the Debtor's liquidation of estate assets,
including the recovery of the large receivable to which special
counsel has been employed to pursue.

General Unsecured Claims in Class 4, totaling $179,494, are
IMPAIRED.  All allowed and approved claims under this Class shall
be paid from the liquidation of estate assets.

There are no secured claims.

The Debtor's Chapter 11 plan will be a base plan with payments to
creditors based upon the funds recovered by the special counsel on
the receivable.

A full-text copy of the Disclosure Statement dated Jan. 29, 2020,
is available at https://tinyurl.com/yx7va4qv from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Allan D. NewDe1man, Esq.
     ALLAN D. NEWDELMAN, P.C.
     80 East Columbus Avenue
     Phoenix, Arizona 85012
     Tel: (602) 264-4550
     E-mail: anewdelman@adnlaw.net

                 About Greager Custom Homes

Greager Custom Homes, Inc., started out as a sole proprietorship in
1995 as a custom home builder in Arizona.  CGH operated out of the
home of its principal, James Greager.

Greager Custom Homes sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 19-09913) on Aug. 8,
2019.  At the time of the filing, Greager Custom Homes disclosed
assets of between $100,001 and $500,000 and liabilities of the same
range.  The case has been assigned to Judge Eddward P. Ballinger
Jr.  Greager Custom Homes is represented by Allan D. Newdelman,
P.C.


HALL-BAY PROPERTIES: Plan Payments to be Funded by Rental Income
----------------------------------------------------------------
Debtor Hall-Bay Properties, LLC, filed with the U.S. Bankruptcy
Court for the Southern District of Mississippi a Disclosure
Statement for its Small Business Chapter 11 Plan.

Administrative expenses are to be paid in full on the effective
date of the Plan, unless the holder of a particular claim has
agreed to different treatment. Statutory Court fees are to be paid
in full on the effective date of the plan.

There are no general unsecured claims.

The Plan will be funded using funds generated from renting the
Commercial Building owned by the Debtor.

A full-text copy of the Disclosure Statement dated Jan. 16, 2020,
is available at https://tinyurl.com/wdtzlo5 from PacerMonitor.com
at no charge.

                About Hall - Bay Properties

Hall - Bay Properties, LLC, is a limited liability company with its
principal place of business and the location of its principal
assets in Hattiesburg, Forest County, Miss.  It filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss.
Case No. 19-50968) on May 20, 2019.  Anna Chandler is the Debtor's
counsel.


HARB PROPERTIES: UST Wants Financial Info in Plan Disclosures
-------------------------------------------------------------
Andrew R. Vara, United States Trustee for Region 9, objects to the
Disclosure Statement explaining the Chapter 11 plan of Harb
Properties, LLC.

The United States Trustee asserts the Disclosure Statement does not
contain adequate information, citing that the Disclosure Statement
fails to

   * include current financial information.

   * include any type of liquidation analysis to allow creditors to
determine if a chapter 7 liquidation is a better alternative to the
plan proposed by Debtor.

   * include any projections, although some projections are
attached to the Debtor's Plan of Reorganization.

   * address when payments will be made to claimants and the amount
of the payments to each claimant or class of claimants.

   * identify any preferences and is silent as to whether or not a
preference analysis has been done and, if so, the result of the
analysis.

                     About Harb Properties

Harb Properties, LLC, owns, maintains, and rents investment
residential real estate.  The company was founded by John and Elham
Harb.

Harb Properties, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ohio Case No. 18-10436) on Jan. 26,
2018.  Judge Jessica E. Price Smith oversees the case.  Harb
Properties' case is consolidated with the case of John and Elham
Harb (Case No. 18-17112).


HEMP KENTUCKY: Case Summary & Unsecured Creditors
-------------------------------------------------
Debtor: Hemp Kentucky LLC
        2101 Capstone Drive
        Suite 120
        Lexington, KY 40511

Business Description: Hemp Kentucky LLC

Chapter 11 Petition Date: February 5, 2020

Court: United States Bankruptcy Court
       Eastern District of Kentucky

Case No.: 20-50212

Debtor's Counsel: James R. Irving, Esq.
                  DENTONS BINGHAM GREENEBAUM LLP
                  3500 PNC Tower
                  101 South Fifth Street
                  Louisville, KY 40202
                  Tel: (502) 587-3606
                  E-mail: jirving@bgdlegal.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by James Alt, chief transformation
officer.

The Debtor lists Hemp Kentucky Growers LLC as its sole unsecured
creditor holding a claim of $4,083,859.

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

                     https://is.gd/id00s7


HOLLYWOOD ONE: Asks to Defer Sale Protocol Hearing to March 5
-------------------------------------------------------------
Hollywood One, LLC, asks the U.S. Bankruptcy Court for the Southern
District of Florida to continue the hearing on its proposed bidding
procedures in connection with the auction sale of assets, to March
5, 2020 morning.

On Oct. 22, 2019, the Debtor filed its Motion For Entry of an Order
(1) Approving Competitive Bidding and Sale Procedures For the Sale
of Certain of the Debtor's Assets, (2) Approving the Purchase
Agreement and Stalking Horse Protections Therein, (3) Scheduling
Dates to Conduct Auction and Hearing to Consider Final Approval of
Sale, (4) Approving the Sale of Certain of the Debtor's Assets Free
and Clear of Liens, Claims, Encumbrances and Interests, and (5)
Granting Related Relief (Certain Parcels of Vacant Land) pursuant
to 11 USC 363( f).  On Nov. 25, 2019, the Court entered the Bid
Procedure Order.

On Jan. 8, 2020, Brenda Diane Nestor, the Debtor's representative
filed an Emergency Motion to Extend Bid Deadline and Continue
Auction and Sale Hearing for 30 Days due to Ms. Nestor's request to
become a Qualified Bidder and attend and participate in the
Auction.  The Nestor Motion was denied, but provided language that
stated "unless the Debtor agrees with the relief sought by Ms.
Nestor."  

Thereafter, the Debtor, along with Trustee Tabas, consulted the
counsel for Miles River, the Stalking Horse Bidder, as well as
other potential bidders. No party has objected to the continuance
of the Sale Hearing and related deadlines.  However, Fulton Bank
objects to the Sale Hearing set at the same time as Fulton Bank's
Application for Payment of Claim From Net Sale Proceeds of Debtor's
Property which is set for an evidentiary hearing on March 5, 2020
at 1:30 p.m.

Further, pursuant to paragraph 12 of the Bid Procedure Order, the
Sale Hearing may be continued, from time to time, without further
notice to creditors, equity holders or other parties in interest
other than by announcement of said continuance before the Court on
the sate scheduled for such hearing.  As a result, on Jan. 10,
2020, the Debtor filed a Notice of Cancellation of Auction
scheduled for Jan. 14, 2020.

The Debtor and Trustee Joel Tabas ask the Court to set the Sale
Hearing for March 5, 2010 in the morning.  The Court has already
scheduled an evidentiary hearing that afternoon in this case and
most, if not all, interested parties will be already be in
attendance.  

In addition, the Debtor and Trustee Tabas ask that the deadlines
set forth in the Bid Procedure Order be adjusted accordingly; (1)
Bid Deadline of Feb. 27, 2020 at 5:00 p.m. (ET); (2) Auction date
of March 4, 2020 at 2:30 p.m. (ET) and (3) Sale Hearing of March 5,
2020 at 1:30 p.m. (ET).

The Motion is being filed in good faith and not for purposes of
delay.  All interested parties consent to the relief requested.

Therefore, the Debtor respectfully asks that the Court enters an
order: (i) granting the Debtor's Motion (ii) continuing the Sale
Hearing to March 5, 2020 and related deadlines, and (iii) granting
such other relief the Court deems just and proper.

                      About Hollywood One

Hollywood One LLC is the owner of multiple parcels of undeveloped
land and two residential condominium units in Harford County,
Maryland. Hollywood One filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 17-13739) on March 28, 2017, estimating
less than $1 million in both assets and liabilities.

The Debtor hired Genovese Joblove & Battista. P.A. as legal
counsel, replacing Hoffman Larin & Agnetti, P.A.; Brown Brown and
Young, P.A, as special counsel; Newpoint Advisors Corporation as
accountant; and The Regional Team of Keller Williams American
Premier Realty as its real estate broker.  Joel Tabas was appointed
as the Chapter 11 trustee over Brenda Diane Nestor's bankruptcy
estate.


HURLEY MEDICAL: Moody's Rates $54MM Series 2020 Bonds 'Ba1'
-----------------------------------------------------------
Moody's Investors Service has assigned a Ba1 rating to Hurley
Medical Center's, MI proposed fixed rate $54 million Building
Authority Revenue and Revenue Refunding Bonds, Series 2020 (Hurley
Medical Center) to be issued through the Flint Hospital Building
Authority, MI with a final maturity in 2041. At this time, the
outstanding revenue bonds rating of Ba1 is affirmed, affecting $73
million of rated parity debt. The outlook is revised to stable from
negative.

RATINGS RATIONALE

The assignment and affirmation of the Ba1 rating reflects
expectations that Hurley will sustain its recently improved
financial performance, leading market share in the primary service
area and essential role as a full-service safety net provider.
Hurley's focus on revenue cycle improvement, cost management and
outpatient utilization growth should partially offset high
variability and reliance on state supplemental funding levels and
continued inpatient volume declines. Near-term moderated capital
spending, expense discipline and bond proceeds will allow Hurley to
maintain its above average liquidity metrics, a key credit
strength. Debt service coverage will improve following a material
reduction in maximum annual debt service in fiscal 2021. Hurley's
large underfunded pension liability and some limitations on
partnerships as a component unit of the City of Flint may limit
upward rating momentum. Population decline, high unemployment and
Medicaid levels will remain key social considerations, along with
two competing providers in the county.

RATING OUTLOOK

The revision of the outlook to stable reflects expectations that
recent improvement in financial performance will be maintained in a
corridor that is consistent with a Ba1 rating. Annual variability
of supplemental funds and high adjusted leverage may constrain
upward rating momentum over the next 12-18 months.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Sustained improvement in financial performance

  - Continued strengthening of liquidity and debt coverage and
reduction in unfunded pension liability

  - Revenue growth due to expansion of service lines, volume growth
or greater geographic reach through outpatient strategies

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Inability to meet budget and maintain balance sheet strength

  - Material reductions in supplemental funding

  - Deterioration of system's competitive position

  - Change in funding requirements of the pension that reduces
    liquidity position

LEGAL SECURITY

Bonds will be secured by a pledge of net revenues of the obligated
group, as defined in the bond documents. Hurley is the only member
of the obligated group. While Hurley is a component unit of the
City of Flint, MI, the bonds are not secured by the full faith and
credit of the City of Flint. A debt service reserve fund will be
established with the Series 2020. There is no mortgage pledge.

Financial covenants will include the following: while the Series
2013 and Series 2020 bonds are outstanding, a rate covenant of 1.3x
maximum annual debt service (MADS) coverage and liquidity covenant
of 50 days cash on hand (both measured annually); if these measures
fall below, a consultant is required. Additionally, there is a
minimum rate covenant threshold of 1.1x MADS coverage and 35 days
cash on hand. If these minimum thresholds are violated, bondholders
(requiring 20% of outstanding bondholders minimum) can compel the
Hospital Board of Managers, as appointed by the City of Flint, to
fix and collect rates as required. Note, however, that this is
essentially a covenant violation, not a traditional Event of
Default.

Additional debt tests will be amended to include: 1a) MADS coverage
of most recent audited fiscal year does not fall below 1.25x; and
1b) MADS coverage for each of the two years following issuance or
the anticipated completion of the project funds were issued for
does not fall below 1.25x (test 1b will remain at 1.35x for as long
as the Series 2013 is outstanding); or 2) MADS coverage for the
most recent audited fiscal year including the proposed issuance
does not fall below 1.25x (1.35x as long as the Series 2013 bonds
are outstanding). In the case that government and industry
restrictions prevent Hurley from meeting the ratios in the previous
tests, a consultant will determine the obtainable MADS coverage
ratio that is obtainable under the government and industry
restrictions. In no case may this ratio be below 1.0x.

USE OF PROCEEDS

Bond proceeds will be used to refund the Series 2010 Fixed Rate
Healthcare Revenue Bonds, fund the debt service reserve fund,
finance capital projects to renovate and upgrade its health care
facilities, reimburse the hospital for around $1.5 million of
previous capital expenditures, and pay the costs of issuance.

PROFILE

Hurley is a 443-licensed bed tertiary care teaching facility and
safety-net hospital located in Flint, MI. Hurley is a component
unit of the City of Flint. The hospital provides clinical training
for medical and nursing students and residents and maintains
academic affiliations with Michigan State University and the
University of Michigan. The hospital operates a Level I Trauma
Center and a Children's Hospital within the hospital. Hurley only
employs a small number of physicians, most of whom are specialists
and also includes primary care physicians in residency training
faculty roles.

METHODOLOGY

The principal methodology used in these ratings was Not-For-Profit
Healthcare published in December 2018.


INFORMATICA LLC: Moody's Rates $2.4BB First Lien Loans 'B1'
-----------------------------------------------------------
Moody's Investors Service affirmed Informatica LLC's B2 Corporate
Family Rating and assigned B1 and Caa1 ratings to the company's
proposed approximately $2.4 billion of first lien credit
facilities, including a $150 million revolving credit facility, and
$475 million of second lien term loans, respectively. Moody's also
changed Informatica's ratings outlook to negative from stable.
Informatica will use net proceeds from the new loans to refinance
existing indebtedness and augment cash balances. Moody's will
withdraw the ratings for Informatica's existing first lien term
loans and senior notes upon the repayment of debt at the close of
refinancing.

RATINGS RATIONALE

The negative outlook reflects Informatica's decline in cash flow
from operations in 2019 and very high leverage that has resulted
from an increase in debt since April 2019 and erosion in EBITDA in
2019. Pro forma for the proposed refinancing and based on
preliminary results for 2019, Moody's estimates that Informatica's
total debt to EBITDA (Moody's adjusted) is about 9x, or the low 8x
when change in deferred revenues is included in EBITDA, an increase
of about 1x from a year ago. The erosion in profitability was
driven by an accelerated mix shift from perpetual to
subscription-based license sales, lower than expected software
sales and an increase in operating expenses to support growth
initiatives and higher incentive compensation. Moody's expects
profitability and operating cash flow to remain under pressure at
least during 2020 as a result of the shift toward subscription
sales and growth in expenses. Moody's expects Informatica's
leverage to remain above mid 7x (including change in deferred
revenues) and free cash flow in the low single digit percentages of
adjusted debt over this period. Credit metrics should improve in
2021 as the shift away from perpetual licenses stabilizes and if
growth in operating expenses moderates. At the same time, Moody's
believes that Informatica's strong growth in subscription revenues
should strengthen its profitability and business profile over
time.

The B2 CFR is constrained by Informatica's weak financial profile,
including very high leverage and modest free cash flow. The rating
reflects Moody's view that tolerance for financial risk will remain
high under financial sponsors' ownership. The rating is supported
by Informatica's good operating scale, high (and growing)
proportion of recurring revenues, and progress in pivoting the
business toward subscription software sales. The company has made
good progress in rolling out products that enable its customers to
manage data in multiple IT environments. Informatica has leading
products in multiple segments of the enterprise data management
software market. But it faces growing competition, adapting to the
enterprise shift in computing toward the cloud remans a key
challenge, and a large share of its products have mature growth
prospects. Informatica has good liquidity comprising cash balances,
access to a $150 million revolving credit facility and free cash
flow.

Given Informatica's weak financial profile and history of operating
with higher leverage under financial sponsors, a ratings upgrade is
not expected. Moody's could upgrade the ratings if the company
generates sustained earnings growth and is expected to maintain
free cash flow in excess of 8% of adjusted debt and total debt to
EBITDA (Moody's adjusted, including change in deferred revenues) at
the mid 5x or lower. Conversely, the ratings could be downgraded if
Moody's expects free cash flow to remain below 5% of adjusted debt
and leverage above 7x beyond 2020 amid its business model
transition.

The proposed terms of Informatica's 1st lien credit facilities,
which are subject to change, include flexibility for transactions
that could adversely affect creditors. These include incremental
debt of up to the total net 1st lien leverage ratio and total net
secured leverage ratio at the close of the current refinancing; the
ability to release a guarantee when a subsidiary is not
wholly-owned; and, the flexibility to raise additional debt for
acquisitions if pro forma leverage (based on credit agreement
definitions) does not increase, notwithstanding the leverage before
the acquisition. The credit agreement is expected to allow
significant add-backs to EBITDA. The 1st lien term loans do not
contain financial maintenance covenants and the revolving credit
facility allows large flexibility under the proposed net 1st lien
leverage based test that applies only if revolver utilization
exceeds 30% of the facility.

Assignments:

Issuer: Informatica LLC

Senior Secured 1st Lien Term Loan, Assigned B1 (LGD3)

Senior Secured 1st Lien Revolving Credit Facility, Assigned B1
(LGD3)

Senior Secured 2nd Lien Term Loan, Assigned Caa1 (LGD6)

Outlook Actions:

Issuer: Informatica LLC

Outlook, Changed To Negative From Stable

Affirmations:

Issuer: Informatica LLC

Probability of Default Rating, Affirmed B2-PD

Corporate Family Rating, Affirmed B2

Informatica is a leading independent provider of enterprise data
management software and services. The company is owned by funds
affiliated with Permira Advisers and Canada Pension Plan Investment
Board.

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


INTEGRITY HOME: Seeks Court Approval to Employ CRO, Controller
--------------------------------------------------------------
Integrity Home Health Care, Inc., and its affiliated debtors seek
approval from the U.S. Bankruptcy Court for the Middle District of
Florida to employ a chief restructuring officer and controller in
connection with their Chapter 11 cases.
   
The Debtors propose to employ William Gilmour and Mike Stoddard of
OCFO, LLC to serve as their chief restructuring officer and
controller, respectively.

Prior to the petition date, Messrs. Gilmour and Stoddard conducted
a preliminary analysis of the Debtors' operations, financial
performance and record keeping, and helped the Debtors' legal
counsel prepare and file their bankruptcy cases.  

Post-petition, the Debtors have expanded Mr. Gilmour's role to
chief restructuring officer.  As CRO, Mr. Gilmour is responsible
for exercising complete financial and operational control over the
Debtors and their property.  In such capacity, Messrs. Gilmour and
Stoddard have undertaken a comprehensive review of the Debtors'
books and records and are working to formulate a 13-week cash flow
model.  They are also working closely with creditors to respond to
requests for information and to improve the Debtors' record-keeping
and financial reporting.

Mr. Gilmour received a $10,000.00 post-petition retainer.  He will
charge $200 per hour for his services, plus a $300 monthly fee to
the Florida CFO Group.  Meanwhile, Mr. Stoddard will charge an
hourly fee of $90.

Mr. Gilmour, managing member of OCFO, disclosed in court filings
that his firm neither holds nor represents any interest adverse to
the Debtors' estates.

OCFO maintains an office at:

     William Gilmour
     Mike Stoddard
     OCFO, LLC
     12419 Bristol Commons Circle
     Tampa, FL 33626

                 About Integrity Home Health Care

Integrity Home Health Care, Inc., a provider of home health care
Services, and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 20-00014) on
Jan. 2, 2020.  At the time of the filing, the Debtor had estimated
assets of less than $50,000 and liabilities of between $1 million
and $10 million.  Judge Catherine Peek McEwen oversees the case.
The Debtors are represented by Jennis Law Firm.


IRIS RAMOS: Asks More Time to Close Roslindale Property Sale
------------------------------------------------------------
Iris Ramos asks the U.S. Bankruptcy Court for the District of
Massachusetts to extend the time to close the sale of a portion of
the real property located at 55 Hillock Street, Roslindale,
Massachusetts to Ronald Foley and Simone Mourad for $199,999.

The Buyers are in the process of obtaining appropriate permits and
permissions from the City of Boston, but it is taking longer than
expected.  Thus they have requested an extension, and the Debtor
and her husband have agreed.  No other terms of the transaction are
changed.

Iris Ramos sought Chapter 11 protection (Bankr. D. Mass. Case No.
19-10789) on March 12, 2019.  The Debtor tapped David G. Baker,
Esq., as counsel.



J.E.L. SITE: Creditor CAT Selling Track Type Tractor for $60K
-------------------------------------------------------------
Caterpillar Financial Services Corp., creditor of J.E.L. Site
Development, Inc., asks the U.S. Bankruptcy Court for the Middle
District of Florida to authorize the sale of a Caterpillar D5K2LGP
Track Type Tractor, Serial No. KY200760, for $60,000, nunc pro tunc
to Nov. 12, 2019.

Prior to the Petition Date, the Debtor entered into several
agreements with CAT Financial for the financed purchase or lease of
personal property construction equipment.  Relevant to the Motion
is Contract 841804, an Installment Sale Contract dated Dec. 28,
2016 between the Debtor, as the Purchaser, and Ring Power Corp.,
("RPC"), as the seller.  

Pursuant to the 841804 Agreement, RPC sold to the Debtor three
pieces of equipment, including the Track Type Tractor: (i) the
Track Type Tractor; (ii) Caterpillar 336ELH HYDRAULIC EXCAVATOR, SN
RZA00277; and (iii) Caterpillar 320ELRR HYDRAULIC EXCAVATOR, SN
TFX01372.

Pursuant to Section 6 of the 841804 Agreement, RPC was permitted to
assign the 841804 Agreement "with or without notice," in which case
the term "Seller" will thenceforth refer to RPC's assignee.  The
Debtor financed the purchase price of the 841804 Equipment via a
loan from RPC.  The original principal balance of the 841804 Loan
was $480,877, payable with interest in 48 equal installments of
$11,443.

As security for the 841804 Loan, the Debtor granted RPC a
continuing security interest in the 841804 Equipment, including all
attachments, accessories and optional features therefor (whether or
not installed thereon) and all substitutions, replacements,
additions and accessions thereto, and proceeds of all of the
foregoing, including, but not limited to, proceeds in the form of
chattel paper to secure the payment of all sums due under the
841804 Agreement.

On Dec. 30, 2016, RPC and CAT Financial executed an Assignment of
Installment Sale Contract (Without Recourse) pursuant to which RPC
assigned all of its rights and obligations under the 841804
Agreement to CAT Financial.  On Jan. 3, 2017, CAT Financial filed a
UCC-1 Financing Statement perfecting its security interest in the
841804 Equipment.

Prior to the Petition Date, the Debtor failed to make monthly
payments due under the 841804 Agreement and became in default under
the 841804 Agreement.  Specifically, the Debtor failed to make the
monthly payment due on June 30, 2019, under the 841804 Agreement
and each monthly payment due thereafter.  As of the Petition Date,
the balance outstanding under the 841804 Agreement relating to the
841804 Equipment was $257,478, consisting of $246,406 in principal,
$9,079 in interest, and $1,993 in late fees.

Assuming the 841084 Equipment is in reasonably good condition, its
collateral value is as follows, less cost of sale, transportation
expenses, and other costs, such as for repairs: (i) the Track Type
Tractor - $82,600; (ii) Caterpillar 336ELH - $110,300; and (iii)
Caterpillar 320ELRR - $105,700.

After the Petition Date, it came to CAT Financial's attention that
the Debtor had arranged to sell the Track Type Tractor at a Ritchie
Brothers auction near Orlando, Florida.  By the Motion, CAT
Financial asks the Court's approval of the sale, nunc pro tunc to
the sale date.  

The Debtor made arrangements to sell the Track Type Tractor at a
Ritchie Brothers auction on Nov. 12, 2019.  These arrangements were
made without CAT Financial's advance knowledge or consent.  CAT
Financial learned of the auction on Nov. 11, 2019 (a federal
holiday).

The auction proceeded forward on Nov. 12, 2019, realizing gross
sale proceeds of $65,000 for the Track Type Tractor.  The sale
price was less than what CAT Financial had estimated the collateral
value to be ($82,600).  It is its understanding that the Track Type
Tractor is now in the possession of the Buyer at the auction.
However, the auctioneer (Ritchie Brothers) is refusing to disburse
the sale proceeds to CAT Financial until an order from the Court is
entered approving the sale.

CAT Financial has aked that the Debtor files a motion to approve
the sale for quite some time now, but the Debtor has not done so.
As such, CAT Financial is now filing the Motion.   Given the
circumstances, it is in the best interest of the estate that the
Court approves the sale nunc pro tunc to Nov. 12, 2019, and require
that Ritchie Brothers disburse all of the net sale proceeds to CAT
Financial.  CAT Financial’s lien far exceeds the auction sale
price, as indicated/

CAT Financial's understanding is that the Debtor does not object to
the relief requested.

A copy of the Agreement is available at https://tinyurl.com/sg6e2wc
from PacerMonitor.com free of charge.

                About J.E.L. Site Development

J.E.L. Site Development, Inc. -- http://www.jelsite.com/-- is a
family-owned construction company in Winter Park, Fla.  It also
provides in-house digitized estimates, earthwork, demolition, fire
protection, asphalt paving, clearing and grubbing, grading,
building pads, base work, pond excavation, portable water systems,
sanitary sewer systems, storm sewer systems, and silt fence
installation and erosion control services.

J.E.L. Site Development sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-05398) on Aug. 16,
2019.  At the time of the filing, the Debtor was estimated to have
assets of less than $50,000 and liabilities between $1 million and
$10 million.  The case is assigned to Judge Cynthia C. Jackson.
BransonLaw PLLC is the Debtor's counsel.


JTWW INC: Feb. 26 Plan Confirmation Hearing Set
-----------------------------------------------
On Dec. 11, 2019, Debtor JTWW, Inc. filed with the U.S. Bankruptcy
Court for the Eastern District of Washington a Disclosure Statement
referring to the Plan of Reorganization. On January 16, 2020, the
Court approved the Disclosure Statement and established the
following dates and deadlines:

  * Feb. 10, 2020, is fixed as the last day for filing Ballots
accepting or rejecting the Plan.

  * Feb. 13, 2020, is the deadline for the Proponent of the Chapter
11 Plan to file a Report of Ballots.

  * Feb. 17, 2020, is fixed as the last day for filing and serving
written objections to confirmation of the Plan.

  * Feb. 26, 2020, at 2:00 p.m. in open court, at 904 W. Riverside
Avenue, Suite 304, Spokane, Washington is the confirmation
hearing.

A full-text copy of the order dated January 16, 2020, is available
at https://tinyurl.com/qqglv2k from PacerMonitor.com at no charge.

                        About JTWW Inc.

JTWW, Inc. operates Wasabi Asian Bistro -- a restaurant located at
10208 N. Division St. Spokane, Washington.  JTWW filed a Chapter 11
petition (Bankr. E.D. Wash. Case No. 19-00236) on Jan. 30, 2019.
In the petition signed by its president Wayne Walton, the Debtor
was estimated to have assets ranging between $100,001 and $500,000
and liabilities ranging between $500,001 and $1 million.  Timothy
R. Fischer, Esq., at Winston & Cashatt, Lawyers, is serving as the
Debtor's counsel.


KEVIN KERVENG TUNG: Seeks to Hire Oliver Zhou as Legal Counsel
--------------------------------------------------------------
Kevin Kerveng Tung, P.C., seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire the Law Offices
of Oliver Zhou as its legal counsel.
   
Oliver Zhou will provide these services in connection with the
Debtor's Chapter 11 case:  

     (a) negotiate with representatives of creditors and other
parties in interest;

     (b) take necessary action to protect and preserve the Debtor's
bankruptcy estate;

     (c) advise the Debtor of its rights, powers and duties under
the Bankruptcy Code;

     (d) prepare legal papers necessary to the administration of
the estate;

     (e) assist the Debtor in reviewing, estimating and resolving
claims asserted against the estate; and

     (f) appear before the bankruptcy court and any appellate
courts.

The firm will be paid at these rates:

     Attorneys    $200 per hour
     Paralegals   $75 - $150 per hour
  
Oliver Zhou is "disinterested" within the meaning of Section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Oliver Zhou, Esq.
     Law Offices of Oliver Zhou
     100 Bowery, Suite 300
     New York, NY 10013            
     Tel: (212) 226-9442            
     Fax: (212) 226-9471            
     E-mail: ozhoulaw888@gmail.com

                   About Kevin Kerveng Tung

Founded in 2004, Kevin Kerveng Tung, P.C. --
http://www.kktlawfirm.com/-- provides full-service legal advice.  
The firm specializes in bankruptcy, business transactions, capital
market and securities, civil litigation, commercial litigation,
corporate, criminal defense, employment and work compensation,
family and matrimonial, immigration, intellectual property,
tenancy, real estate, tax, and U.S.-China practice.

Kevin Kerveng Tung sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 19-43315) on May 30,
2019.  At the time of the filing, the Debtor disclosed $49,800 in
assets and $1,547,100 in liabilities.  Judge Elizabeth S. Stong
oversees the case.  The Debtor is represented by the Law Offices of
Oliver Zhou.


KINGMAN FARMS: Cashton Wants Agreement Included in Plan
-------------------------------------------------------
Cashton Land Development, LLC, a creditor, objects to the
Disclosure Statement in connection with Kingman Farms Ventures,
LLC's Second Plan of Reorganization.

Cashton provided the exit financing in the bankruptcy case of Avery
Land Group, LLC (Bankr. D. Nev. Case No. 16-14995-abl) to form a
new company  owned 50% by Cashton and 50% by a variety of
Rhodes-owned companies, including KFV.  Pursuant to the terms of
the confirmed plan of reorganization in the Avery Bankruptcy Case,
all assets of Avery Land  Group, LLC, were transferred on the
effective date to the new company, Harris Brunner Farms, LLC ("HB
Farms").  Unfortunately, HB Farms was doomed from the beginning
based on, among other reasons, an inability to raise capital.  

In September 2019, representatives of Cashton and the Rhodes
Entities worked on terms of a "divorce" between the parties.  The
parties in October 2019, agreed to a Membership Interest Purchase
Agreement, Settlement Agreement, General Mutual Release and Joint
Escrow Agreement, which provided for Cashton to transfer all of its
ownership interest in HB Farms to KFV in exchange for a parcel of
real property owned by KFV, with KFV retaining a limited option to
repurchase the parcel.  The parties to the Agreement would provide
a general mutual release of all claims  following consummation of
the transaction.

In contravention with the terms of the Agreement, the Rhodes
Entities have refused to take the required actions to close on the
Agreement, including the filing of a Rule 9019 motion for the
approval of the Agreement and the  opening of an escrow.  Not
surprisingly, the Debtor has now also failed to disclose the
Agreement to the Court, creditors, and the U.S. Trustee.

According to Cashton, the Disclosure Statement cannot satisfy the
requirements for approval pursuant to 11 U.S.C. Sec. 1125 because:


  (1) the Disclosure Statement and Amended Plan fail to disclose
the Agreement;

  (2) the Disclosure Statement fails to disclose that HB Farms is
the Holder of the Class 6 Avery Claim entitled to vote on the
Amended Plan;

  (3) the Disclosure Statement fails to disclose the improper third
party releases in the Amended Plan;

  (4) the Disclosure Statement and Amended Plan improperly seek to
have the Court value the Unencumbered Property (and Avery Claim);
and

  (5) the Amended Plan cannot satisfy 11 U.S.C. Sec. 1129(a)(3)-(4)
because it was not filed in good faith and fails to disclose the
Agreement.

Counsel for Cashton Land Development, LLC:

     Robert B. Marcus, Esq.
     MAKSIMOVICH & ASSOCIATES, P.C.
     8643 Ogden Avenue
     Lyons, IL 60534
     Telephone: (708) 447-1040
     Facsimile: (708) 447-1846
     E-mail: rmarcus@attorneymm.com

            - and -

     Nicholas Wieczorek, Esq.
     CLARK HILL PLLC
     3800 Howard Hughes Parkway, Suite 500
     Las Vegas, NV 89169
     Telephone No. (702) 862-8300
     Facsimile No. (702) 862-8400
     Email: nwieczorek@clarkhill.com

            - and -

     Kevin H. Morse, Esq.
     CLARK HILL PLC
     130 E. Randolph Street, Suite 3900
     Chicago, IL 60601
     Telephone (312) 985-5556
     Facsimile (312) 517-7593
     E-mail: kmorse@clarkhill.com

                  About Kingman Farms Ventures

Kingman Farms Ventures, LLC, is a privately-held company that
operates in the crop farms industry located in Las Vegas, Nevada.
Kingman Farms Ventures sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-10180) on Jan. 16,
2018.  In the petition signed by James R. Rhodes, president of
Truckee Springs Holdings, Inc., manager of the Debtor, the Debtor
was estimated to have assets and liabilities of $10 million to $50
million.  Judge Laurel E. Davis is the presiding judge.  Deeter
Blackham is the Debtor's legal counsel.


KINNEY FARMS: Plan & Disclosure Motion Hearing Reset to March 26
----------------------------------------------------------------
The hearing regarding the motion of Debtor Kinney Farms, Inc. for
final approval of the Disclosure Statement and Chapter 11
Confirmation Hearing originally scheduled for March 6, 2020, at
2:00, has been rescheduled to March 26, 2020, at 2:00 p.m. in 300
North Hogan Street, 4th Floor − Courtroom 4D, Jacksonville, FL
32202.

A copy of the notice dated January 16, 2020, is available at
https://tinyurl.com/wn5f5vv from PacerMonitor.com at no charge.

                     About Kinney Farms

Kinney Farms is a Florida corporation, whose business is to grow
and sell crop, specifically potatoes, in Flagler County, Florida.
Kinney Farms conducts its business operations at: 400 CR 105 N.,
Bunnell, FL 32110, which is land and improvements owned by John and
Heather Kinney, principals.

Kinney Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 18-04194) on Nov. 30, 2018. At the
time of the filing, the Debtor was estimated to have assets of less
than $50,000 and liabilities of $1 million to $10 million. The case
is assigned to Judge Paul M. Glenn. The Debtor tapped the Law
Offices of Scott W. Spradley, P.A., as its legal counsel.


KRJ ESTATE: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The Office of the U.S. Trustee on Feb. 3, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of KRJ Estate, LLC.
  
                        About KRJ Estate

KRJ Estate, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Wash. Case No. 20-00005) on Jan. 2,
2020.  The petition was filed pro se.  At the time of the filing,
the Debtor disclosed assets of between $100,001 and $500,000 and
liabilities of the same range.  Judge Frederick P. Corbit oversees
the case.


LACONIA LLC: Feb. 19 Plan Confirmation Hearing Set
--------------------------------------------------
On Nov. 8, 2019, Debtor Laconia, LLC filed an Amended Disclosure
Statement under Chapter 11 of the Bankruptcy Code.  On Jan. 16,
2020, Judge Brian F. Kenney approved the Amended Disclosure
Statement and established the following dates and deadlines:

  * Feb. 12, 2020, is the last day to file ballots.

  * Feb. 12, 2020, is the last day to file objections to
confirmation of the Plan.

  * Feb. 19, 2020, at 11:00 a.m. in Courtroom I, Martin V. B.
Bostetter, Jr. United States Courthouse, 200 South Washington
Street, Alexandria, Virginia is the hearing on confirmation of the
plan.

  * Jan. 22, 2020, is the deadline for Counsel for the Debtor to
transmit to the United States Trustee and to all creditors and
parties in interest a copy of the plan and approved disclosure
statement.

A full-text copy of the order dated Jan. 16, 2020, is available at
https://tinyurl.com/wdb34ye from PacerMonitor.com at no charge.

The Debtor is represented by:

         Dylan G. Trache
         Nelson Mullins Riley & Scarborough LLP
         101 Constitution Avenue, N.W., Suite 900
         Washington, DC 20001

                      About Laconia L.L.C.

Based in Herndon, Virginia, Laconia L.L.C., a privately held
company engaged in the business of renting and leasing real estate
properties, filed a Chapter 11 petition (Bankr. E.D. Va. Case No
19-11049) on April 2, 2019.  At the time of filing, the Debtor was
estimated to have assets and $10 million to $50 million.  The case
is assigned to Hon. Brian F. Kenney. The Debtor's counsel is Dylan
G. Trache, Esq., at Nelson Mullins Riley & Scarborough LLP, in
Washington, D.C.


LADAN INC: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Ladan, Inc.
           DBA Ludwig's Liquor and Smoke Shop
           DBA Ludwig's Fine Wines, Spirits and Premium Cigars
        431 San Anselmo Avenue
        San Anselmo, CA 94960

Business Description: Ladan, Inc. is a private held company that
                      owns and operates wine, beer, and
                      liquor stores.  Visit ludwigsfinewine.com
                      for more information.

Chapter 11 Petition Date: February 6, 2020

Court: United States Bankruptcy Court
       Northern District of California

Case No.: 20-30130

Judge: Hon. Dennis Montali

Debtor's Counsel: Jeffrey Goodrich, Esq.
                  GOODRICH & ASSOCIATES
                  336 Bon Air Center #335
                  Greenbrae, CA 94904-1217                    
                  Tel: 415-925-8630
                  E-mail: goodrich4bk@gmail.com

Total Assets: $258,503

Total Liabilities: $7,672,414

The petition was signed by Magid Nazari, president.

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

                      https://is.gd/HlxBVN


LAKEWAY PUBLISHERS: Unsecureds to be Paid in Full Plus 3% Interest
------------------------------------------------------------------
Lakeway Publishers, Inc. and Lakeway Publishers of Missouri, filed
a proposed Chapter 11 Plan that gives unsecured creditors against
each Debtor 100 cents on the dollar.

According to the Disclosure Statement, the Plan provides:

   * Class 1 Administrative Claims.  The claims will be paid in
full on the Effective Date.

   * Class 2 Priority Tax Claim.  The claims will be paid as
required by Sec. 1129(a)(9) in equal monthly installments over not
more than 60 months.

   * Class 3 Secured Claims.  As to Pinnacle's secured claims of
$7.386 million and $4.500 million, Lakeway requests that the terms
be modified to change the interest rate to 4.50% and lower the
monthly payment to $7,226.38 for 68 months on both claims.  As to
Pinnacle's secured claims of $7.386 million and $4.500 million
against Missouri,  Missouri requests that the term be modified to
change the interest rate to 4.50% and lower the monthly payment to
$13,420.41 for 68 months on both claims.

   * Class 4 General Unsecured Claims.  Unsecured creditors against
Lakeway and Missouri will receive payment in full plus interest at
3%.  Monthly payments will begin 30 days after the effective date
of the Plan and will end when the claims are paid in full with
interest.

The Debtors will fund the plan through normal business operations,
and the sale of assets.

A full-text copy of the Disclosure Statement dated Jan. 27, 2020,
is available at https://tinyurl.com/s85lsb9 from PacerMonitor.com
at no charge.

Counsel for the Debtors:

     Ryan E. Jarrard, Esq.
     QUIST, FITZPATRICK & JARRARD, PLLC
     2121 First Tennessee Plaza
     Knoxville, TN 37929-9711
     Tel: (865) 524-1873
     E-mail: rej@QCFlaw.com

                  About Lakeway Publishers

Lakeway Publishers, Inc., is a multi-state publisher of newspapers,
magazines and special publications. Lakeway owns and operates
community newspapers and magazines in Tennessee, Missouri,
Virginia, and Florida.  Lakeway Publishers was incorporated in 1966
and is based in Morristown, Tenn.

Lakeway Publishers, Inc., and affiliate Lakeway Publishers of
Missouri, Inc. each filed a voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Tenn. Lead Case No. 19-51163) on
May 31, 2019.  In the petitions signed by Jack R. Fishman,
president, Lakeway Publishers, Inc., disclosed $20,884,027 in
assets and $9,245,645 in liabilities while Lakeway Publishers of
Missouri listed $7,047,972 in assets and $9,206,193 in liabilities.
The Debtors tapped Quist, Fitzpatrick & Jarrard, PLLC, led by Ryan
E. Jarrard, as bankruptcy counsel; and Burnette Dobson & Pinchak,
as special counsel.


LINTON VETERINARY: Feb. 25 Plan Confirmation Hearing Set
--------------------------------------------------------
On Jan. 15, 2020, the Debtor, Linton Veterinary Services, PLLC
filed with the U.S. Bankruptcy Court for the Middle District of
Tennessee a Combined Disclosure Statement and Chapter 11 Plan of
Reorganization.

On Jan. 16, 2020, Judge Randal S. Mashburn ordered that:

  * The Debtor will be, and hereby is, authorized to solicit votes
for acceptance or rejection for the Plan.

  * Feb. 18, 2020, is fixed as the last day for serving ballots
accepting or rejecting the Plan.

  * Feb. 18, 2020, is fixed as the last day for filing and serving
written objections to confirmation of the Plan, in accordance with
Fed. R. Bankr. P. 3020(b)(1).

  * Feb. 25, 2020, at 9:00 a.m. at the United States Bankruptcy
Court for the Middle District of Tennessee, Courtroom 3, Customs
House, 701 Broadway, Nashville, Tennessee 37203 is the hearing on
confirmation of the Plan.

A full-text copy of the order dated Jan. 16, 2020, is available at
https://tinyurl.com/rvayvnj from PacerMonitor.com at no charge.

The Debtor is represented by:

       GRAY WALDRON
       DUNHAM HILDEBRAND, PLLC
       2416 21st Avenue South, Suite 303
       Nashville, TN 37212
       Tel: 629.777.6519
       E-mail: gray@dhnashville.com

              About Linton Veterinary Services

Since 2013, Linton Veterinary Services, PLLC, d/b/a Mill Creek
Animal Hospital, has been a veterinary clinic and provider of
veterinarian services and goods.

Linton Veterinary Services filed a voluntary Chapter 11 petition
(Bankr. M.D. Tenn. Case No. 19-00278) on Jan. 17, 2019. In the
petition signed its member, Ashley B. Manos, the Debtor disclosed
assets of less than $50,000 and debt of less than $1 million.

The case is assigned to Judge Randal S. Mashburn.  

The Debtor is represented by Niarhos & Waldron, PLC.

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


LIQUIDNET HOLDINGS: Moody's Alters Outlook on Ba3 CFR to Negative
-----------------------------------------------------------------
Moody's Investors Service changed to negative from stable the
outlook on Liquidnet Holdings, Inc. (Liquidnet). Moody's affirmed
Liquidnet's Ba3 corporate family rating and Ba3 senior secured term
loan rating.

Affirmations:

Issuer: Liquidnet Holdings, Inc.

Corporate Family Rating, Affirmed at Ba3

Senior Secured 1st Lien Term Loan, Affirmed at Ba3

Outlook Actions:

Issuer: Liquidnet Holdings, Inc.

Outlook, Changed To Negative from Stable

RATINGS RATIONALE

Moody's said the change in outlook to negative reflects declining
revenue and profitability at Liquidnet as a result of a weaker
trading environment for alternative trading venues in 2019.
Liquidnet's narrow revenue base and reliance on trading volume has
resulted in EBITDA margin and debt leverage deterioration, with
possible weaknesses in its cost flexibility, said Moody's.

Despite the firm's weaker financial profile, Moody's said Liquidnet
retains ample liquidity, with a significant balance of cash on hand
and a still modest amount of debt leverage for its rating level.

In its assessment of the firm's corporate governance, Moody's
considers Liquidnet's majority-ownership by founder and CEO Seth
Merrin. There is an element of key person risk associated with Mr.
Merrin, said Moody's, although the firm has in place a highly
experienced president of the firm who is taking an increasing role
in managing the company and developing its strategy. An ongoing
sexual harassment case involving Mr. Merrin does not appear to have
had an adverse effect on the company's financial performance since
it came to light in November 2019.

FACTORS THAT COULD LEAD TO AN UPGRADE

Moody's said that given the negative outlook, there is currently no
upward pressure on Liquidnet's ratings. Liquidnet's outlook could
be returned to stable should strong evidence develop that EBITDA
margins are sustainably recovering and the firm is able to manage
through periods of reduced revenue by nimbly altering its cost
base. The outlook could also be changed to stable if Liquidnet
develops profitable and recurring new revenue streams that
complement its transaction-based revenue, or if it commits to a
significantly lower debt balance.

FACTORS THAT COULD LEAD TO A DOWNGRADE

Liquidnet's ratings could be downgraded should its revenue base be
sustainably weakened by a shift in market conditions and its share
of alternative trading venue transaction volumes, leading to a
consequent reduction in its capacity to service its debt. The
ratings could also be downgraded should Liquidnet's EBITDA margin
remain pressured without a clear path to returning to historical
levels.

Liquidnet is a privately-held regulated broker-dealer that designs,
develops and operates alternative trading systems and electronic
marketplaces that facilitate equity and fixed income securities
trading for institutional investors worldwide.

The principal methodology used in these ratings was Securities
Industry Service Providers Methodology published in November 2019.


LOG CABIN: Case Summary & 2 Unsecured Creditors
-----------------------------------------------
Debtor: Log Cabin, Inc., A New Mexico Corporation
        1074 Mechem Dr.
        Ruidoso, NM 88345

Chapter 11 Petition Date: February 6, 2020

Court: United States Bankruptcy Court
       District of New Mexico

Case No.: 20-10276

Judge: Hon. Robert H. Jacobvitz

Debtor's Counsel: R. "Trey" Arvizu, III, Esq.
                  ARVIZULAW.COM, LTD.
                  PO Box 1479
                  Las Cruces, NM 88004
                  Tel: (575) 527-8600
                  E-mail: trey@arvizulaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michele G. Ament, president.

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

                    https://is.gd/TSBM0R


LOG STORM: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Log Storm Security, Inc.
          DBA BlackStratus
        14 Emerald Lane
        Old Bridge, NJ 08857

Business Description: Founded in 1999, Log Storm Security, Inc.
                      dba BlackStratus --
                      https://www.blackstratus.com -- provides
                      security information event management (SIEM)

                      products and services.  The Company also
                      offers support to help managed service
                      providers (MSPs) develop new or improve
                      their current security-as-a-service
                      business.

Chapter 11 Petition Date: February 6, 2020

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 20-12043

Debtor's Counsel: Richard D. Trenk, Esq.
                  MCMANIMON, SCOTLAND & BAUMAN, LLC
                  75 Livingston Avenue
                  Second Floor
                  Roseland, NJ 07068
                  Tel: 973-622-1800
                  Email: rtrenk@msbnj.com

Total Assets: $29,188

Total Liabilities: $5,049,036

The petition was signed by Dale W. Cline, president.

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

                      https://is.gd/qyWR3q


LONESTAR II: S&P Affirms 'B+' Sr. Secured Credit Facility Rating
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issue-level rating on Lonestar
II Generation Holdings LLC's upsized senior secured credit
facilities.  The rating agency revised its recovery rating to '2'
from '1'. The '2' recovery rating indicates S&P's expectations for
meaningful (70%-80%, rounded estimate: 80%) recovery in the event
of default.

Lonestar II plans to upsize its $250 million term loan B by $50
million and its $30 million term loan C by $6 million (both due
2026). The net proceeds from the issuance will be distributed to
sponsors.

Strong financial performance in 2019 was underpinned by positive
development in the ERCOT market.   The project generated about $87
million of EBITDA in the third quarter of 2019 year-to-date,
compared with about $67 million for the same period in 2018. The
growth was supported by higher power prices in ERCOT coupled with
the continued decline in natural gas prices due to the production
growth in the Permian basin.

S&P said, "The stable outlook reflects our expectation that
Lonestar II will generate sufficient cash flows to maintain a
minimum debt service coverage ratio (DSCR) of at least 2.5x over
the useful life of the assets. Debt repayment profile is supported
by hedges in 2020 and 2021 and the presence of a 100% cash flow
sweep. We also expect Lonestar II to benefit from accessibility to
low-cost natural gas and coal in the ERCOT market."

"We could lower Lonestar II's rating if power prices and spark
spreads in the ERCOT region declined materially in the near term,
such that the minimum DSCR dropped to below 2.25x."

"While unlikely at this time, we could raise the rating if spark
spreads in ERCOT improved significantly in the medium term and
brought the minimum DSCR to above 3x in all years of the project.
An upgrade would require a credit profile of the portfolio that is
comparable with those for similar assets in the region."


LUCKY'S MARKET: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------------
The U.S. Trustee for Region 3 on Feb. 4, 2020, appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of Lucky's Market Parent Company, LLC and
its affiliates.
  
The committee members are:

     (1) United Natural Foods, Inc.
         Attn: Nicholas Leitzes
         313 Iron Horse Way
         Providence, RI, 02908
         Phone: 401-528-8634
         Fax: 866-284-2288   

     (2) Harvest Meat Company, Inc.
         Attn: Sara Gangel
         1000 Bay Marina Dr.
         National City, CA 91950
         Phone: 303-253-0964   

     (3) Benderson Development Company, LLC
         Attn: Mark L. Chait
         7978 Cooper Creek Blvd.
         University Park, FL 34201
         Phone: 941-360-7227
         Fax: 941-359-1508
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                       About Lucky's Market

Lucky's Market Parent Company, LLC -- https://www.luckysmarket.com
-- together with its owned direct and indirect subsidiaries, is a
specialty grocery store chain offering a broad range of grocery
items through the Company's "L" private label.  Each of the
company's stores has full-service departments, which include
produce, meat, seafood, culinary, apothecary, beer and wine, and
grocery. In addition to the stores, the company operates a produce
warehouse in Orlando, Fla., to supply nearly all produce for its
Florida and Georgia stores.

Lucky's Market Parent and 21 of its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. Del., Lead Case No.
20-10166) on January 27, 2020.  At the time of the filing, the
Debtors estimated $100 million to $500 million in assets and $500
million to $1 billion in liabilities.  The petitions were signed by
Andrew T. Pillari, chief financial officer.  Judge John T. Dorsey
presides over the cases.

Christopher A. Ward, Esq. and Liz Boydston, Esq., of Polsinelli PC
serve as counsel to the Debtors.  Alvarez & Marsal acts as
financial advisor; PJ Solomon as investment banker; and Omni Agent
Solutions as notice and claims agent.


MAGNUM CONSTRUCTION: Court Confirms Third Amended Plan
------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
Miami Division, convened a hearing on Dec. 12, 2019, at 10:00 a.m.
in Miami, Florida to consider final approval of the Second Amended
Disclosure Statement for Modified Second Amended Chapter 11 Plan of
Reorganization Proposed by Debtor Magnum Construction Management,
LLC f/k/a Munilla Construction Management, LLC, dated November 20,
2019.

On Jan. 16, 2020, Judge A. Jay Cristol ordered that:

  * The Disclosure Statement (i) contains adequate information (as
such term is defined in section 1125(a)(1)) with respect to the
Plan Proponent, the Plan and the transactions contemplated therein,
and (ii) is approved.

  * All requirements for confirmation of the Plan have been
satisfied. Accordingly, the Third Amended Plan in its entirety is
confirmed pursuant to section 1129 of the Bankruptcy Code. The
terms of the Third Amended Plan are incorporated by reference into,
and are an integral part of, this Order.

  * Notwithstanding anything in the Third Amended Plan or this Plan
Confirmation Order to the contrary, (a) the Claims of any
counter-parties to any assumed BHSI Bonded Contracts, (b) the
Claims of any counter-parties to any assumed Travelers Bonded
Contracts, and (c) the defenses of BHSI and Travelers to any such
Claims, are not released, waived or impaired.

  * Section 5.6 of the Third Amended Plan is amended to provide
that the Unlimited Turf Stipulation is without prejudice to the
rights of FDOT, all of which rights are expressly reserved.

  * On or before the Effective Date, and without the need for any
further order or authority, the Debtor may execute, as appropriate,
such agreements and other documents that are in form and substance
satisfactory to the Debtor as may be necessary or appropriate to
effectuate and further evidence the terms and conditions of the
Third Amended Plan.

  * All distributions under the Third Amended Plan shall be made in
accordance with the Third Amended Plan. The treatment set forth in
the Third Amended Plan is in full satisfaction of the legal,
contractual and equitable rights that each entity holding a Claim
or Equity Interest may have in or against the Debtor, the Estate,
or its property. This treatment supersedes and replaces any
agreements or rights those entities may have in or against the
Debtor, the Estate, or its property.

A full-text copy of the order dated Jan. 16, 2020, is available at
https://tinyurl.com/v23z6sm from PacerMonitor.com at no charge.

The Debtor is represented by:

      Jordi Guso, Esq.
      Paul A. Avron, Esq.
      Berger Singerman LLP
      1450 Brickell Avenue, Suite 1900
      Miami, FL 33131
      Tel: (305) 755-9500
      Fax: (305) 714-4340
      E-mail: jguso@bergersingerman.com
              pavron@bergersingerman.com

             About Magnum Construction Management

Magnum Construction Management LLC -- https://www.mcm-us.com/ --
formerly known as Munilla Construction Management, LLC, is a
construction company specializing in heavy civil construction in
the areas of transportation, airport infrastructure, roads,
bridges, government buildings and schools. It is headquartered in
South Miami, Florida, but also has offices in (i) Broward County,
Florida, and (ii) Irving, Texas.  As of the Petition Date, MCM
employs a total of 292 people.

Magnum Construction Management filed a voluntary petition under
Chapter 11 of the U.S. Bankruptcy Code (Bankr S.D. Fla. Case
No.19-12821) on March 1, 2019. In the petition signed by CFO
Gilberto Ruizcalderon, the Debtor estimated $50 million to $100
million in assets and $10 million to $50 million in liabilities.
The Debtor is represented by Paul A. Avron, Esq., at Berger
Singerman LLP.

The U.S. Trustee for Region 21 on March 14, 2019, appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case.  The Committee retained Wargo & French,
LLP, as its legal counsel.


MARK ALLEN KRIEGER: Selling Bucks of Brouilletts Creek for $98K
---------------------------------------------------------------
Mark Allen Krieger and Jame Sue Secondino Krieger ask the U.S.
Bankruptcy Court for the Western District of Michigan to authorize
their sale of the vacant land, consistsing of approximately 49.31
acres, known as the Bucks of Brouilletts Creek, to Matthew J.
Sanquenetti for $98,000.

The Debtors own significant real estate including in excess of
2,500 acres of cropland and pastureland in the State of Indiana and
their residence in Bridgman, Michigan.  They also own business
interests including Krieger's Wholesale Nursery, Inc. stock and
have interests in the P&S Secondino Family Limited Partnership and
Larry and Marilyn Krieger Family Limited Partnership.  Their assets
are used for and involved principally in the agricultural industry.
The cropland and the pastureland located in Indiana has been
appraised for $6.9 million.

The Debtors' principal secured creditors are BMO Harris Bank and
First Financial Bank, NA.  BMO and First Financial claim they are
owed approximately $6 million which is secured by mortgages on the
Indiana cropland and pastureland, as well as the Bucks of
Brouilletts Creek.

In March 2018, the Debtors retained Lowderman Auction & Real Estate
to conduct the sale of their cattle, farm equipment and farm land.
The auction was conducted and the cattle and farm equipment was
sold. Lowderman has failed to turn over the proceeds of the sale of
the cattle and equipment which the Debtors estimate to be
approximately $258,000.  

The real estate auction was conducted but most of the properties
did not generate bids consistent with the fair market value ofthe
properties.  However, some ofthe bids were for fair market value
and the Debtors requested BMO and First Financial to release their
mortgages on those properties and have them sold to reduce the debt
to BMO and First Financial.  BMO and First Financial refused to
give partial releases for the properties for which fair market
prices were bid.

BMO and First Financial brought state court actions to foreclose on
their collateral.  In addition, a Receiver was appointed to sell
BMO's collateral.  he Debtors cooperated with the BMO Receiver and
negotiated and obtained offers for some ofthe real properties.
However, the BMO Receiver has not worked diligently to liquidate
the real estate.  On Sept. 26, 2018, the Debtors retained the
services of Indiana Land and Lifestyle - Mossy Oak Properties as
their real estate broker to sell the agriculturalproperties,
including the Bucks of Brouilletts Creek.  Mossy Oak obtained the
current offer for the Bucks of Brouilletts Creek.  The Debtors
agreed to pay Mossy Oak a commission of 5% of the sale price for
the Bucks of Brouilletts Creek.

The Debtors received preliminary approval of new financing from
Conterra, but since the Debtors' Rangeline Road Facility is a
commercial property and not agricultural, Conterra would not close
on the loan.  

First Financial scheduled a Sheriff's Sale to sell the real
property subject to its mortgages which would have resulted in a
loss ofthe true value of the real property for the benefit of the
Debtors' creditors and the Debtors.  In order to ensure that the
real property is sold for fair market value, the Debtors commenced
the Chapter 11 case to allow for orderly and proper sale of the
properties.  They estimate the farmland, cropland, and Rangeline
Facility have value of $7.55 million.  It is significantly more
than the debt owed to BMO and First Financial.  The Debtors have
Purchase Agreements for other parcels which will produce additional
funds to reduce the debt to BMO and First Financial.

The Debtors' obligations include the $5 million to $6 million debt
owed to BMO and First Financial, a debt to Edgewater Bank in the
amount of approximately $720,000 which is secured by the Debtors'
Bridgman residence with a value ofapproximately $1 million
outstanding real estate taxes on the Indiana cropland and
pastureland of approximately $105,000, vehicle loan of Universal
Resources Management for which Mr. Krieger is a co-maker in the
amount of approximately $40,000, and general unsecured debt of
approximately $50,000.

In addition to the real estate subject to the mortgages of BMO and
First Financial, (which the Debtors estimate has a value of $7.55
million) and the Bridgman home worth approximately $1 million, the
Debtors have interests in family limited partnerships and other
business entities.  Mrs. Krieger is a 38% partner in the P&S
Secondino Limited Family Partnership.  Mrs. Krieger has been unable
to obtain current financial information on the family limited
partnership and will take action to recover the value ofher
interest in that limited partnership.  She believes her interest in
the partnership is worth several million dollars.  There are also
the $258,000 of auction proceeds held by Lowderman which needs to
be recovered.  The Debtors will take action to recover those funds
to pay down the debt to BMO and First Financial.

Mossy Oak obtained a purchase agreement for Bucks of Brouilletts
Creek from the Gudenschwagers. However, Gudenschwagers have elected
not to proceed with the purchase and have agreed to terminate their
Purchase Agreement.  The Debtors have received an offer from a
replacement buyer, Mr. Sanquenetti, pursuant to the Purchase
Agreement.  The offer from Mr. Sanquenetti is $98,000, which is the
same amount the Court previously approved for sale to the
Gudenschwagers.  The Sanquenetti offer is fair, reasonable and for
fair market value.

The The Bucks of Brouilletts Creek is subject to the following
liens and encumbrances:

     a. Mortgage recorded Dec. 30, 2009 as Document No. 20002866 in
the Office of the Recorder of Vermillion County, Indiana, made by
the Debtors to First Financial Bank, NA;

     b. Judgment entered Dec. 12, 2017 in favor of BMO Harris Bank,
NA. in Vermillion County Circuit Court, Cause No.
83C01-1708-MF-000020;

     c. Judgment entered June 22, 2018 in favor of BMO Harris Bank,
NA. in Vigo County Superior Court, Cause No. 84D02-1708-MF-06029;

     d. Judgment entered June 22, 2018 in favor of First Financial
Bank, NA. in Vigo County Superior Court, Cause No.
84D02-1708-MF-06029;

     e. Lien for 2017 through 2019 real estate taxes, annual fees
and special assessments; and

     f. Interests of record of others in the Oil, Gas and other
Mineral in and under that may be produced from the land.

Court entered its Dec. 18, 2019 Memorandum of Decision and Order,
which relieved Halderman Farm Management & Real Estate Service
appointed in the Indiana State Court for the real estate on which
BMO holds a first priority mortgage.  It includes the Bucks of
Brouilletts Creek property.

The Debtors believe BMO and First Financial will consent to entry
of an order authorizing sale ofthe Bucks of Brouilletts Creek
property to Mr. Sanquenetti on the condition that the sale close by
March 1, 2020 and the Debtors sign a Stipulation to be filed in the
Indiana State Court that clarifies for the State Court Judge
administering the Receivership estate that it is a one time
exception and that, therefore, the Debtors have no authority to
market and/or sell any other Receivership property.

The Debtors are agreeable to signing such a State Court stipulated
order.  Further, the Debtors are agreeable to the Order Approving
the Sale to Mr. Sanquenetti that provides that if the sale to Mr.
Sanquenetti does not close by March 1, 2020, the Debtor's authority
to sell the property is rescinded and the Receiver will thereafter
have exclusive authority to market and sell the property and the
estate will have no Section 506(c) claim against BMO relating to
the property.  The Debtors asks entry of an order authorizing the
sale ofthe Bucks of Brouilletts Creek on the terms set forth in the
Purchase Agreement free and clear of liens, claims, interests, and
encumbrances, except the Oil, Gas and Mineral Interests.

The terms of the Agreement are:

     a. The sale price is $98,000.

     b. The Debtors will pay from the sale proceeds all real estate
taxes, special assessments for prior years and a pro-rated amount
for 2020 through the closing date.

     c. The Debtors will pay from the sale proceeds the premium for
an owner's title insurance policy to be issued in the name of the
Buyer.

     d. The Debtors will pay from the sale proceeds closing fees,
recording fees and other customary sale expenses from the sale
proceeds.

     e. The Debtors will pay from the sale proceeds the attorneys
fees and real estate commission for Mossy Oak they incur connection
with the sale after such attorney fees and real estate commission
are approved by the Bankruptcy Court.

     f. A survey has been prepared and used to identify the legal
description of the 49.31 acres to be sold.  The Debtors will pay
for the cost of the survey.

The Debtors propose that any valid Lien will attach to the sales
proceeds attributable to the property located in Bucks of
Brouilletts Creek being sold and encumbered by such Liens and in
the same priority as such Liens.

Finally, the Debtors ask that the Court waives any 14-day stay that
might be imposed under Bankruptcy Rule 6004(h) for any order
authorizing the sale of the property such that the Debtor can close
the Sale promptly after entry of the Sale Order.

A copy of the Agreement is available at https://tinyurl.com/u772tbo
from PacerMonitor.com free of charge.

Mark Allen Krieger and Jame Sue Secondino Krieger sought Chapter 11
protection (Bankr. W.D. Mich. Case No. 19-02148) on May 15, 2019.
The Debtors tapped Perry G. Pastula, Esq., at Dunn Schouten & Snoap
PC as counsel.



MILLMAC CORP: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Millmac Corporation, according to court dockets.
    
                     About Millmac Corporation

Millmac Corporation is a provider of specialized marine labor, ship
repair and dredging for industrial and residential uses.

Based in Bartow, Fla., Millmac Corporation filed for Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Case No. 19-11877) on Dec.
18, 2019. In the petition signed by Michael J. Miller, president,
the Debtor disclosed $1,308,639 in assets and $1,619,039 in
liabilities.  Susan Heath Sharp, Esq., at Stichter, Riedel, Blain &
Postler, P.A., is the Debtor's legal counsel.


MWM OIL: Towanda State Bank Buying Towanda Property or $42K
-----------------------------------------------------------
RAG Oil Co., Inc. and MWM Oil Co., Inc. filed with the U.S.
Bankruptcy Court for the District of Kansas a notice of their
proposed sale of the building and realty located at 424 E. Main,
Towanda, Butler County, Kansas, legally described as Lot 36, Block
10, Mooney's Addition to the City of Towanda, Butler County,
Kansas, to Towanda State Bank for an offset bid of its secured
claim in the amount of $42,000.

A hearing on the Motion is set for March 12, 2020 at 10:30 a.m.
The objection deadline is Feb. 11, 2020.

The Debtor sought to sell the Real Estate through Butler County
Auction, LLC, but no buyers were located.

Towanda State Bank holds a mortgage on the Real Estate securing

indebtedness up to $51,000.00 (see Proof of Claim #19);
additionally, the Real Estate is

subject to unpaid real estate taxes for the years 2016 through
2019.

Towanda State Bank has offered to purchase the Real Estate, subject
to unpaid ad valorem taxes, for an offset bid of its secured claim
in the amount of $42,000.  The proposed sale will be subject to the
right of Butler County Auction, LLC to sell and remove personal
property (other than fixtures) located on the Real Estate
(including contents of the building) pursuant to Notice of Intended
Sale #3.  The Real Estate will be sold as-is, where-is, without
warranties or representations of any kind.

Pursuant to B.R. 6004, the Debtors move the Court for an order
approving sale of the Real Estate free and clear of liens and
encumbrances of record, except for liens of the Butler County
Treasurer for unpaid ad valorem taxes.  There will be no cash
proceeds produced by the proposed sale, as it is an offset bid of a
secured claim; there are no costs of sale.

                       About RAG Oil Co.

Based in Towanda, Kansas, RAG Oil Co., Inc. & MWM Oil Company, Inc.
filed voluntary bankruptcy petitions under Chapter 11 of the
Bankruptcy Code (Bankr. D. Kan. Case No. 19-11405 & Case No.
19-11404, respectively) on July 26, 2019.  The Debtors are
represented by William B. Sorensen, Jr.,
at Morris Laing Evans Brock And Kennedy.



MY KIDZ DENTIST FAYETTEVILLE: Sapphire Has $3M Offer for All Assets
-------------------------------------------------------------------
My Kidz Dentist of Fayetteville, LLC asks the U.S. Bankruptcy Court
for the Northern District of Georgia to authorize the sale of all
assets to Sapphire Venture Capital, LLC for $3 million.

A critical component to the success of the Debtor's Chapter 11 case
is the liquidation and sale of its assets to pay debts.  The
Debtor, and its affiliates (My Kidz Dentist of Carrollton PC and My
Kidz Dentist PC) propose to sell all of their assets to a third
party, for a total purchase price of $3 million.

The Debtor estimates that the Dental Practices would have a fair
market value of approximately $6 million were they not in
bankruptcy and have all of the associated long-term debt.

The Purchaser has agreed to pay a total of $3 million to purchase
all of the assets of the Dental Practices.  The purchase price will
be paid as follows: $1 million upon closing of the purchase
agreement, $1 million on the one-year anniversary of the closing
and an additional $1 million on the second anniversary of the
closing.  The Purchaser desires to close on Feb. 1, 2020.

By the Motion, the Debtor asks entry of an Order to sell the Assets
under the terms and conditions set forth in the Letter of
Intent/Asset Purchase Agreement.  ProABC, LLC will assist the sale
as broker under the terms set forth in the APA dated Jan. 17, 2020.
Neither Debtor, nor its principals have any personal or business
relationship with ProABC or its principals.  The Broker will be
paid a commission equal to 10% which will be paid upon receipt of
each installment directly to the Broker.

The Debtor does not believe that further efforts to market the
Assets or sell the Assets at auction will result in any significant
net increase to the estate, after accounting for the marketing
costs and the costs of selling the Assets at auction.

The Debtor proposes to remit all net proceeds after payment of
normal, customary, and necessary commissions, closing costs, taxes,
consistent with the APA, to its counsel to be held in escrow
pending further order of the Court.

The sale of the Assets is integral to the Debtor's Chapter 11
bankruptcy case and to fulfill its obligations under contemplated
plan of repayment and reorganization.  So long as it continues to
own the Assets, it is incurring obligations maintaining the
business, personal property taxes, insurance, and maintenance
costs.  Disposition of the Assets will provide needed cash to the
estate and reduce the debt obligation owed, thereby permitting the
Debtor to restructure or pay off the remaining debt obligations.

The Debtor asks that the Court waives the requirements of
Bankruptcy Rule 4001(b)(2) and schedule a preliminary hearing as
soon as possible.  It is necessary for the Debtor to sell its
assets as soon as possible so to satisfy the claims of its
creditors.  The Debtor has an opportunity to sell its assets on
Feb. 1, 2020.

A copy of the Agreement is available at https://tinyurl.com/wvfj7x6
from PacerMonitor.com free of charge.
  
                       About My Kidz Dentist

Pediatric dental clinics My Kidz Dentist PC, My Kidz Dentist of
Carrollton and My Kidz Dentist of Fayetteville LLC filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Ga. Case Numbers 19-12506, 19-12507 and 19-12508,
respectively) on Dec. 13, 2019.

In the petitions signed by Dr. Lona Bibbs-Walker, authorized
representative, My Kidz Dentist PC disclosed $6,266,597 in assets
and $2,789,640 in liabilities; My Kidz Dentist of Carrollton
dislcosed $3,202,708 in assets and $1,407,183 in liabilities; and
My Kidz Dentist of Fayetteville disclosed $6,106,233 in assets and
$902,443 in liabilities.

Ian M. Falcone, Esq., at The Falcon Law Firm, P.C., is the Debtors'
legal counsel.



MY KIDZ DENTIST PC: Sapphire Has $3M Offer for All Assets
---------------------------------------------------------
My Kidz Dentist PC asks the U.S. Bankruptcy Court for the Northern
District of Georgia to authorize the sale of all assets to Sapphire
Venture Capital, LLC for $3 million.

A critical component to the success of the Debtor's Chapter 11 case
is the liquidation and sale of its assets to pay debts.  The
Debtor, and its affiliates (My Kidz Dentist of Carrollton PC and My
Kidz Dentist of Fayetteville, LLC) propose to sell all of their
assets to a third party, for a total purchase price of $3 million.

The Debtor estimates that the Dental Practices would have a fair
market value of approximately $6 million were they not in
bankruptcy and have all of the associated long-term debt.

The Purchaser has agreed to pay a total of $3 million to purchase
all of the assets of the Dental Practices.  The purchase price will
be paid as follows: $1 million upon closing of the purchase
agreement, $1 million on the one-year anniversary of the closing
and an additional $1 million on the second anniversary of the
closing.  The Purchaser desires to close on Feb. 1, 2020.

By the Motion, the Debtor asks entry of an Order to sell the Assets
under the terms and conditions set forth in the Letter of
Intent/Asset Purchase Agreement.  ProABC, LLC will assist the sale
as broker under the terms set forth in the APA dated Jan. 17, 2020.
Neither Debtor, nor its principals have any personal or business
relationship with ProABC or its principals.  The Broker will be
paid a commission equal to 10% which will be paid upon receipt of
each installment directly to the Broker.

The Debtor does not believe that further efforts to market the
Assets or sell the Assets at auction will result in any significant
net increase to the estate, after accounting for the marketing
costs and the costs of selling the Assets at auction.

The Debtor proposes to remit all net proceeds after payment of
normal, customary, and necessary commissions, closing costs, taxes,
consistent with the APA, to its counsel to be held in escrow
pending further order of the Court.

The sale of the Assets is integral to the Debtor's Chapter 11
bankruptcy case and to fulfill its obligations under contemplated
plan of repayment and reorganization.  So long as it continues to
own the Assets, it is incurring obligations maintaining the
business, personal property taxes, insurance, and maintenance
costs.  Disposition of the Assets will provide needed cash to the
estate and reduce the debt obligation owed, thereby permitting the
Debtor to restructure or pay off the remaining debt obligations.

The Debtor asks that the Court waives the requirements of
Bankruptcy Rule 4001(b)(2) and schedule a preliminary hearing as
soon as possible.  It is necessary for the Debtor to sell its
assets as soon as possible so to satisfy the claims of its
creditors.  The Debtor has an opportunity to sell its assets on
Feb. 1, 2020.

A copy of the Agreement is available at https://tinyurl.com/wmzjfgk
from PacerMonitor.com free of charge.
  
                       About My Kidz Dentist

Pediatric dental clinics My Kidz Dentist PC, My Kidz Dentist of
Carrollton and My Kidz Dentist of Fayetteville LLC filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Ga. Case Numbers 19-12506, 19-12507 and 19-12508,
respectively) on Dec. 13, 2019.

In the petitions signed by Dr. Lona Bibbs-Walker, authorized
representative, My Kidz Dentist PC disclosed $6,266,597 in assets
and $2,789,640 in liabilities; My Kidz Dentist of Carrollton
dislcosed $3,202,708 in assets and $1,407,183 in liabilities; and
My Kidz Dentist of Fayetteville disclosed $6,106,233 in assets and
$902,443 in liabilities.

Ian M. Falcone, Esq., at The Falcon Law Firm, P.C., is the Debtors'
legal counsel.


N & B MANAGEMENT: Unsecureds OK'd to Credit Bid in Liquidating Plan
-------------------------------------------------------------------
Jeffrey J. Sikirica, Chapter 11 trustee of N & B Management
Company, LLC, is proposing a Chapter 11 plan.

According to the Amended Disclosure Statement dated Jan. 27, 2020,
the Debtor through the appointed Chapter 11 trustee plans to
liquidate its real estate holdings to pay allowed claims, pursue
any claims the Debtor may have against third parties and object to
any claims as to amount or priority as the Debtor determines is
necessary.

The sole member of the Debtor was sued by various parties alleging
misuse  of funds paid to purchase or otherwise flip certain
properties.  Claims were also brought against the Debtor and lis
pendens were filed against some of the properties.  The sole member
was ultimately criminally prosecuted and has served time in prison.


Pursuant to the Plan, the Debtor will liquidate the remaining real
estate and continue to rent the occupied units until sold.  The
Debtor will use all combined income to fund its plan of
reorganization.

The Plan proposes to treat claims as follows:

   * Class 2 Executory Contracts.  The Class 2 Executory Contracts
with the tenants in the commercial and residential properties owned
by the Debtor. The leases will be assumed and assigned or otherwise
rejected as needed to maximize the value to the Debtor’s
Bankruptcy Estate.

   * Class 7 Constructive Trust Secured Claim alleged by Guy Gavich
Gabovish and David Cohen.  Upon confirmation of this Plan, the
Beechwood Real Estate will be deeded to Gabovich free and clear of
any liens. Any real estate taxes still due will be prorated between
the Debtor and Gabovich at the time of closing. Gabovich will pay
the recording costs for the deed. Gabovich will acknowledge a
credit of $220,000.00 against its claim for the transfer of the
Beechwood property. The balance of Gabovich’s claim will be
allowed in the amount of $221,223.69 as a general unsecured claim
and treated in Class 12 under this Plan.

   * Class 9 Secured Claim alleged by Alon Rimoni. This claim will
be allowed in the amount of $93,000 as a general unsecured claim
and treated in Class 12 under this Plan.  Upon confirmation of this
Plan Alon shall have the action filed at GD-15-02290 discontinued
or otherwise marked as satisfied as to the Debtor

   * Class 10 Unsecured Claim alleged by Erez Rimoni. This claim
will be allowed in the amount of $500,000 as a general unsecured
claim and treated in Class 12 under this Plan.  Upon confirmation
of this Plan Erez shall have the actions filed at GD-15-016077,
GD-15-021940, GD-15-021941, GD-15-021942, GD-15-021943,
GD-15-021952 and GD-15-012954 discontinued or otherwise marked as
satisfied as to the Debtor.

   * Class 11 Unsecured Claim of Ziv Hadar and Nancy Maribel
Rosales Llaury.  This claim will be allowed in the amount of
$93,000 as a general unsecured claim and treated in Class 12 under
this Plan.  Upon confirmation of this Plan Llaury shall have the
action filed at GD-16-003520 discontinued or otherwise marked as
satisfied as to the Debtor.

   * Class 12 General Unsecured Creditors. The Class 12 General
Unsecured Creditors allowed claims will be paid on a pro rata basis
the remaining funds from liquidation of the Debtor's real property
and cash on hand up to 100% of their claims. The creditors in this
class will not receive interest on their claims.  Unsecured
creditors will be allowed to bid 50% of their allowed claim towards
the purchase of any real estate liquidated by the Trustee subject
to a partial disgorgement of their credit bid if the final proceeds
realized from the sale of real estate does not generate at least a
50% distribution to allowed unsecured creditor claims.

   * Class 13 Equity Interests.  The Class 13 Equity Interest
consists of the equity interest of Golan Barak as the sole member
and shareholder of the Debtor.  Class 13 will receive a
distribution of any remaining net proceeds of the Debtor after
payment of Class 1 through 12 claims.

A full-text copy of the Amended Disclosure Statement dated January
27, 2020, is available at https://tinyurl.com/v4ezamb from
PacerMonitor.com at no charge.

Counsel for Debtor:

     Jeffrey J. Sikirica, Esquire, PA I.D. #36745
     121 Northbrook Drive
     Gibsonia, PA 15044
     (724) 625-2566 office
     (724) 625-4611 fax
     sikiricalaw@zoominternet.net

                   About N & B Management Co

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

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


NAJEEB KHAN: Trustee Selling 1967 Pontiac Firebird for $22.5K
-------------------------------------------------------------
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 sale of the 1967 Pontiac
Firebird with VIN/Chassis No. 9259 to Tom Brawner for $22,500.

AAs of the Petition Date, the Debtor owned an extensive collection
of classic and other cars, including the Vehicle.  The Vehicle is
stored in a commercial warehouse located in Scottsdale, Arizona.
The Warehouse is owned by the Debtor's solely owned subsidiary, NJ
Realty, LLC, which currently is itself a debtor in the Court, Case
No. 19-04266.  The Warehouse was sold pursuant to the sale order
entered on Dec. 20, 2019 in the NJ Realty Bankruptcy Case.

The Vehicle is a "project" car that has been disassembled, with
parts in various stages of repair.  Among other things, its axles,
wheels, and engine all have been removed for restoration.   

The Chapter 11 Trustee has several options for dealing with the
Vehicle.  Among other things, he could sell the Vehicle "as is" to
a buyer willing to restore the Vehicle, or he could restore the
Vehicle first before selling it in its finished form.  The Chapter
11 Trustee must make this decision before the closing on the sale
of the Warehouse in the NJ Realty Bankruptcy Case.

The Trustee has marketed the assets and secured a buyer willing to
purchase the Vehicle "as is" on the terms set forth in the
agreement.  Those terms include the following: (i) Buyer - Tom
Brawner; (ii) Purchase Price - $22,500; (iii) Cost of Moving the
Vehicle - paid by Buyer; and (iv) Closing Date - Feb. 18, 2020.

The Chapter 11 Trustee has determined that selling the Vehicle to
the Buyer pursuant to the terms of the Sale Contract is in the best
interests of the estate and creditors.

Given the pending closing on the sale of the Warehouse in the NJ
Realty Bankruptcy Case (and the associated transport and storage
costs that would result if the sale of the Vehicle were not
consummated before the closing of the sale of the Warehouse), the
Chapter 11 Trustee asks that the Court enters an order authorizing
the sale to take immediate effect notwithstanding Fed. R. Bankr. P.
6004(h).  

A copy of the Contracts is available at https://tinyurl.com/ttvsw2n
from PacerMonitor.com free of charge.

                   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.


NASHEF LLC: Case Summary & 10 Unsecured Creditors
-------------------------------------------------
Debtor: Nashef LLC
        449 Mechanic Street
        Fitchburg, MA 01420

Business Description: Nashef LLC is a privately held company in
                      Fitchburg, Massachusetts.

Chapter 11 Petition Date: February 6, 2020

Court: United States Bankruptcy Court
       District of Massachusetts

Case No.: 20-40199

Debtor's Counsel: James P. Ehrhard, Esq.
                  EHRHARD & ASSOCIATES, P.C.
                  250 Commercial Street
                  Suite 410
                  Worcester, MA 01608
                  Tel: 508-791-8411
                  E-mail: ehrhard@ehrhardlaw.com

Total Assets: $170

Total Liabilities: $1,559,000

The petition was signed by Eyad Nashef, manager.

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

                       https://is.gd/fzptw8


NAUGHTON PLUMBING: Judge Denies Extension of Exclusivity Period
---------------------------------------------------------------
Bankruptcy Judge Scott Gan denied the motion filed by Naughton
Plumbing Sales Co., Inc. and its affiliates to extend the
exclusivity period to file their Chapter 11 plan and solicit plan
acceptances.

The companies have sought an extension so they can focus on working
hard toward promulgating a plan beneficial to all creditors. The
companies said they have spent considerable time during the first
four months of their bankruptcy cases litigating a motion to
dismiss, filing an adversary case against their primary secured
creditor, the Jerry Fan and Lei Bao Living Trust dated Oct. 7,
2009, and defending a personal guaranty suit filed by the trust. In
addition, because of a constrained budget, the companies have been
unable to bring their year-end financials up to date in order to
run accurate projections for their plan.  The companies are
currently hiring an assistant accountant to help their chief
financial officer bring the financials current.  Until the
financials are brought current, the companies believe formulating a
plan and determining its feasibility is almost impossible.

                   About Naughton Plumbing Sales

Naughton Plumbing Sales Co. Inc. -- http://www.naughtons.com/
--specializes in the retail and wholesale distribution and sale of
plumbing, heating, evaporative cooling, air conditioning,
electrical, hardware, and lawn and garden supplies.

Naughton Plumbing Sales Co. Inc., FWN Investments LLC and Naughton
Construction LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Lead Case No. 19-11441) on Sept.
9, 2019. In the petition signed by Frank W. Naughton, president,
Naughton Plumbing was estimated to have assets between $1 million
and $10 million and liabilities of the same range. Smith & Smith
PLLC is the Debtor's counsel.


NEW CITY WASTE: Unsecureds to Get 44% in RTS-Backed Plan
--------------------------------------------------------
The New City Waste Services (“NCW”), Inc. and City Waste
Services of New York, Inc. (“CWSNY”) filed a Second Amended
Disclosure Statement, saying that the Debtors determined that
proposing a Plan which provided for a lump sum distribution on the
Effective Date would have the greatest likelihood of being accepted
by the creditors.

To that end, the Debtors have obtained a commitment for an
unsecured loan in the amount of $200,000 from Recycle Track Systems
(the "Confirmation Lender"), a sanitation brokerage company which
the Debtors have transacted business with for many years.  

The Confirmation Loan benefits both the Debtors and the
Confirmation Lender.  It enables the Debtors to emerge from Chapter
11 and helps ensure the Debtors continued viability, which is a
significant source of business for the Confirmation Lender.
Neither the Confirmation Lender, nor its principal Greg Letteri,
are insiders or affiliates of the Debtors.  The loan will be
payable, with interest, over a period of four years and will be
personally guaranteed by the holders of the Equity Interests of
NCW.

The Plan will be funded with (a) the Debtors' Cash on hand on the
Confirmation Date, (b) the personal "new value" contribution from
the Equity Interest holders of NCW in the amount of $1.5 million,
(c) the Confirmation Loan and (d) Cash generated from the ongoing
operations of the Reorganized Debtors.  These funds are expected to
be enough to pay all Allowed Administrative and Priority Claims in
full, as well as to fund an approximate 44% pro rata distribution
to the holders of Allowed Class 2 Unsecured Claims, and the
Reorganized Debtors shall effectuate all payments due under the
Plan.

Class 2 General Unsecured Claims total $187,309.  Each holder of an
Allowed Class 2 Claim will each receive a distribution equal to
approximately 44%.  On the Effective Date, the holders of the
Allowed Class 2 Claims will receive their Pro Rata portion of the
remaining New Value Contribution and Confirmation Loan, after the
payment in full of the Examiner's Allowed Professional Fee Claim,
which equals $1,825,000 (based upon the Examiner's voluntary fee
reduction to $75,000). Allowed Class 2 Claims are Impaired under
the Plan and, therefore, holders of such Claims are entitled to
vote to accept or reject the Plan.

A full-text copy of the Second Amended Disclosure Statement dated
Jan. 27, 2020, is available at https://tinyurl.com/tj9dtjo from
PacerMonitor.com at no charge.

Attorneys for the Debtors:

     Erica R. Aisner, Esq.
     KIRBY AISNER & CURLEY LLP
     700 Post Road, Suite 237
     Scarsdale, New York 10583
     (914) 401-9500

               About The New City Waste Services

Headquartered in Yorktown Heights, New York, The New City Waste
Services, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 12-22578) on March 20, 2012, with estimated
assets of less than $50,000 and estimated liabilities of $1 million
to $10 million.

New City's affiliate City Waste Services of New York also filed for
Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No.
12-22579) on March 19, 2012.  The petitions were signed by James T.
Tesi, secretary and treasurer.

Judge Robert D. Drain oversees the cases.  

The Debtors tapped Rattet Pasternak, LLP, as their legal counsel.


NEW VISION PROPERT: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
The Office of the U.S. Trustee on Feb. 3, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of New Vision Properties,
LLC.
  
                    About New Vision Properties

New Vision Properties, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Wash. Case No. 20-00028) on Jan.
7, 2020.  At the time of the filing, the Debtor disclosed assets of
between $100,001 and $500,000 and liabilities of the same range.
Judge Whitman L. Holt oversees the case.  Rene Erm II, PLLC is the
Debtor's legal counsel.


O'LINN SECURITY: U.S. Trustee Forms 2-Member Committee
------------------------------------------------------
The Office of the U.S. Trustee on Feb. 4, 2020, appointed two
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of O'Linn Security Incorporated.
  
The committee members Richard Fox and Emil Pacelli.

Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                     About O'Linn Security

O'Linn Security Incorporated sought Chapter 11 protection (Bankr.
C.D. Cal. Case No. 19-17085) on Aug. 13, 2019, estimating both
assets and liabilities of less than $1 million. The case is
assigned to Judge Scott C. Clarkson.  The Debtor tapped The Fox Law
Corporation, Inc. as its bankruptcy counsel; and Hartzler &
Hartzler and Lawrence & Associates as its special counsel.


OPEN TEXT: S&P Rates New US$800MM Senior Unsecured Notes 'BB'
-------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating to Open
Text Corp.'s proposed US$800 million senior unsecured notes and
Open Text Holdings Inc.'s (a wholly owned subsidiary of Open Text
Corp.) proposed US$800 million senior unsecured notes. The recovery
ratings assigned for both tranches is '5', indicating its
expectation for modest (10%-30%; rounded estimate: 20%) recovery in
the event of a default.

Both the entities provide cross-guarantees and the proposed
issuances rank pari passu with the company's existing and future
unsecured debt obligations. Proceeds of the offering will be used
to repay borrowings under the US$750 million revolver and to redeem
an existing US$800 million senior unsecured note due in January
2023. As a result, S&P views the proposed transaction to be
leverage neutral.

S&P said, "Our 'BB+' issuer credit rating (ICR) and stable outlook
on the company are unchanged. The transaction is also not likely to
affect our 'BBB-' issue-level rating, with a '1' recovery rating,
on Open Text's senior secured debt, nor our 'BB' issue-level
rating, with a '5' recovery rating, on the company's US$850 million
senior unsecured debt due in June 2026."

"In our view, this transaction improves the company's liquidity to
support Open Text's increasing scale and acquisitive growth policy.
We project the company to generate about US$1 billion in annual
free operating cash flow (S&P Global Ratings' adjusted) pro forma
the Carbonite acquisition from long-tenured contractual customer
relationships and moderate capital expenditure requirements. The
ratings incorporate our view of Open Text's desire to use
balance-sheet capacity for acquisitions, thereby supporting the
company's overall growth strategy. Therefore, including bolt-on
acquisitions to supplement growth in the larger enterprise
information management market, we forecast Open Text to maintain an
S&P Global Ratings' adjusted debt-to-EBITDA ratio of 2.0x-3.0x over
the next 12-24 months."

ISSUE RATINGS—RECOVERY ANALYSIS

Key analytical factors

-- S&P is assigning its 'BB' issue-level rating and '5' recovery
rating to Open Text's proposed US$1.6 billion senior unsecured
notes. S&P's '5' recovery rating indicates its expectation for
modest (10%-30%; rounded estimate: 20%) recovery in the event of a
default.

-- S&P's simulated default scenario incorporates the assumption
that Open Text would default in 2025.

-- In this scenario, intensifying competition and reduced demand
for the company's products and services, which could result from
technology failure or changing market preferences, lead to lost
customers and sharply weaker operating performance.

-- S&P assumes that Open Text would be reorganized or sold as a
going concern as opposed to being liquidated.

-- S&P has used an operational adjustment of 15% to derive the
emergence EBITDA, reflecting its view that the company would have a
higher level of debt on the path to default.

-- S&P's recovery analysis yields a net default enterprise value
of US$2.2 billion. This is based on a 6.5x multiple of about US$359
million of emergence EBITDA estimate and 5% administrative
expenses.

-- Due to this, the senior secured claims have a '1' recovery
rating, indicating S&P's expectation for very high (90%-100%;
rounded estimate: 95%) recovery in the event of a default, leading
to an issue-level rating of 'BBB-'.

-- S&P typically caps issue-level ratings for entities with 'BB+'
ICRs at one notch above the ICR. S&P believes that creditors'
recovery prospects for such issuers, which are assumed further away
from any hypothetical default, might be less predictable and more
variable than those for lower-rated issuers.

-- The remaining value of about US$585 million after servicing the
senior secured claims will be available to the senior unsecured
noteholders, leading to modest (10%-30%; rounded estimate: 20%)
recovery in the event of a default, and an issue-level rating of
'BB'.

Simulated default assumptions

-- Emergence EBITDA: US$359 million
-- Multiple: 6.5x
-- Gross recovery value: US$2.33 billion

Simplified waterfall

-- Net recovery value for waterfall after administrative expenses
(5%): US$2.21 billion
-- Obligor/non-obligor valuation split: 97%/3%
-- Estimated priority claims: 0
-- Remaining recovery value (obligor/non-obligor): US$2.2
billion/US$23 million
-- Estimated first-lien claim: US$1.63 billion
-- Value available for first-lien claim: US$2.2 billion
-- Recovery range: 90%-100% (rounded estimate: 95%)
-- Estimated senior unsecured notes claim: US$2.5 billion
-- Value available for unsecured claim: US$585 million
-- Recovery range: 10%-30% (rounded estimate: 20%)

All debt amounts include six months of prepetition interest.


OPTION CARE: Completes Reverse Stock Split and Ticker Change
------------------------------------------------------------
Option Care Health, Inc. has completed the reverse 1-for-4 stock
split of its shares of common stock, as previously disclosed in the
Company's filings with the Securities and Exchange Commission.  As
of market open on Feb. 3, 2020, the Company's common stock, which
was previously listed on the Nasdaq Capital Market under the symbol
"BIOS", begins trading on a split-adjusted basis on the Nasdaq
Global Select Market under the ticker symbol "OPCH" and will be
assigned a new CUSIP number (68404L 201).

No other action is required by current stockholders relative to
either the ticker symbol change or the reverse stock split.

                    About Option Care Health

Option Care Health fka BioScrip, Inc. --
http://www.OptionCareHealth.com/-- is an independent provider of
home and alternate site infusion services.  With over 6,000
teammates, including 2,900 clinicians, the Company works to elevate
standards of care for patients with acute and chronic conditions in
all 50 states.

BioScrip reported a net loss attributable to common stockholders of
$62.90 million in 2018, following a net loss attributable to common
stockholders of $74.27 million in 2017.  As of Sept. 30, 2019, the
Company had $2.58 billion in total assets, $1.66 billion in total
liabilities, and $921.68 million in total stockholders' equity.

                           *    *    *

S&P Global Ratings in May 2019 said all of its ratings on BioScrip,
including the 'CCC+' issuer credit rating and issue level ratings,
remain on CreditWatch with positive implications until the close of
its all-stock merger with competitor HC Group Holdings III Inc.


OTTO J. SIMMANK: Selling 2000 Isuzu Box Truck for $4K
-----------------------------------------------------
Otto John Simmank and Mina Sue Sirnmank ask the U.S. Bankruptcy
Court for the Western District of Texas to authorize the sale of
personal property described as a 2000 Isuzu Box Truck, VIN
JALB4B141Y7001234, for the minimum cash sales price of $4,000.

The vehicle is not subject to any liens to creditors.  The Debtors
scheduled the vehicle with a value in the amount of $3,500.  

The Debtors propose to sell the 2000 Isuzu Box Truck to any
non-related third party for the minimum cash sales price in the
amount of $4,000.  The vehicle is no longer necessary for their
ongoing business operating and are resulting in wasted insurance
premiums, as well as declining in value.

The Debtors believe that the proposed sale of the 2000 Isuzu Box
Truck will generate a reasonable value based upon the asset
proposed to be sold and its marketability.

The 2000 Isuzu Box Truck is free and clear of liens and claims and
was claimed as exempt by the Debtors on Schedule C, to which no
objections were filed.  The Debtors' claim of exemption in the 2000
Isuzu Box Truck has been allowed.  They plan on using part of the
sales proceeds to assist in the sale of the real property located
at 8301 Jones Road, Houston, Texas, as well as for normal living
expenses.

The Debtors are proposing to sell the vehicle be free and clear of
all liens, claims and encumbrances.

Counsel for Debtors:

        William R. Davis, Jr.
        LANGLEY & BANACK, INC.
        745 E. Mulberry, Suite 900
        San Antonio, TX 78212
        Telephone: (210) 736-6600

On June 14, 2019, Otto John Simmank and Mina Sue Simmank filed
their voluntary Petition for Relief under Chapter 13 of U.S.
Bankruptcy
Code.  The case was converted to a case under Chapter 11 (Bankr.
W.D. Tex. Case No. 19-51435) on Sept. 18, 2019.


PALMYRA-EAGLE AREA: S&P Cuts GO Debt Rating to 'BB+'
----------------------------------------------------
S&P Global Ratings lowered its long-term rating two notches to
'BB+' from 'BBB' on Palmyra-Eagle Area School District, Wis.'
outstanding general obligation (GO) debt. At the same time, placed
the rating on CreditWatch with negative implications.

"The lowered rating is a result of the district not being granted
dissolution authority and rapidly deteriorating financial health,
with reserves that are expected to be negative by the end of fiscal
2021," said S&P Global Ratings credit analyst Andrew Truckenmiller.
"Based on conversations with management, the district will exhaust
its operating cash by the end of fiscal 2021, according to its
operating projections, without the additional revenue to balance
the budget. Additionally, we believe there is unstable board
governance given that there are currently vacant seats. As a
result, we believe the district is unable to make timely decisions
regarding its fiscal health unless it takes other measures such as
appointing a temporary board. In our view, its changing
circumstances are more likely to lead to a weakened capacity to
make debt service payments."

Because S&P does not expect the matter to be resolved until the end
of fiscal 2020, the rating agency expects the rating to remain on
CreditWatch for at least six months.


PARKINSON SEED: Compeer Says Plan Treatment Objectionable
---------------------------------------------------------
Compeer Financial, FLCA, formerly known as AgStar Financial
Services, FLCA, by and through its attorneys of record, Givens
Pursley LLP, filed its objection to the Second Amended Chapter 11
Plan for Reorganization filed by debtor Parkinson Seed Farm, Inc.,
and in support, states as follows:

  * The portion of the Debtor's Plan treatment to Compeer is
objectionable because it does not incorporate all of Compeer's loan
documents as being applicable post-confirmation, which endangers
Compeer’s secured status. It should be amended.

  * The Plan has no provision as to the proposed course of action
if the real property ("Real Property") is not sold within a time
certain.  There are no requirements for periodic financial reports
from the Debtor.

  * The Plan provides for a 100% payout, plus 3.5% to 5.5%
interest, to unsecured creditors over an unspecified period until
paid in full. Plan at 11. Unsecured creditors are actually paid a
higher interest rate than secured creditors. There is no Plan
classification or provision that deals with the equity of the
Debtor.

  * The Plan is objectionable under Section 1129(a)(4) because of
the Debtor's numerous unauthorized post-petition payments, measured
by millions of dollars, none of which were approved by, or are
subject to approval by, the Court.

  * The Plan is objectionable under Section 1129(a)(5) because
appointment of Dirk Parkinson as the Plan’s disbursing agent is
not "consistent with the interests of creditors and equity security
holders and with public policy."

* The Plan ignores Smitty Investment and contains Plan provisions
which are very similar to that seminal case.  The DS and Plan
proposes two diametrically opposed means and methods for
liquidation sales, and proposes that Plan payments be undertaken by
the Debtor after the sale of the real estate which creates the only
source of income available to the Debtor.

A full-text copy of Compeer's objection to the Amended Plan dated
Jan. 16, 2020, is available at https://tinyurl.com/ux4c3wt from
PacerMonitor.com at no charge.

Compeer Financial is represented by:

       Randall A. Peterman
       GIVENS PURSLEY LLP
       601 W. Bannock Street
       Post Office Box 2720
       Boise, Idaho 83701-2720
       Telephone (208) 388-1200
       Facsimile (208) 388-1300
       E-mail: rap@givenspursley.com

                 About Parkinson Seed Farm

Located in Saint Anthony, Idaho, Parkinson Seed Farm, Inc. --
http://www.parkinsonseedfarm.com/-- farms approximately 7,200
acres of potatoes. It raises seed potatoes, hard red and hard white
wheat, as well as a small amount of alfalfa (mostly to feed horses
for recreational purposes).  The company raises 11 of what it
considers to be more mainstream varieties such as the Russet
Burbank, Ranger, three different line selections of Russet
Norkotah, white varieties such as Cal Whites and Atlantics, and
reds like the Dark Red Norland.  The company was founded in 1937.

Parkinson Seed Farm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Idaho Case No. 18-40412) on May 15,
2018.  In the petition signed by Dirk Parkinson, president, the
Debtor disclosed $6.11 million in assets and $26.92 million in
liabilities.  Judge Joseph M. Meier oversees the case.  Parkinson
Seed Farm hired Robinson & Associates as its legal counsel.  Henri
LeMoyne of LeMoyne Realty & Appraisals is the Debtor's realtor.


PETSWAY INC: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Feb. 3, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of Petsway, Inc.
  
                        About Petsway Inc.

Founded in 1951, Petsway, Inc. -- https://petsway.com/ -- is a pet
store offering pet food and supplies, pet grooming services, dog
training, monthly vet clinics, and self-serve dog washes.  It is
based in Springfield, St. Louis and Poplar Bluff, Mo.

Petsway filed for Chapter 11 bankruptcy protection (Bankr. W.D. Mo.
Case No. 19-61542) on Dec. 30, 2019.  In its petition, the Debtor
estimated $50,000 to $100,000 in assets and $1 million to $10
million in liabilities.  The petition was signed by Karl W. Keller,
II, vice president and co-owner.

Judge Cynthia A. Norton oversees the case.  

The Debtor is represented by Ronald S. Weiss, Esq. and Joel
Pelofsky, Esq., at Berman, DeLeve, Kuchan & Chapman, LLC.


PORTO RESOURCES: Harlem Buying New York Property for $1.55M
-----------------------------------------------------------
Porto Resources, LLC, filed with the U.S. Bankruptcy Court for the
Eastern District of New York a notice of its private sale of the
real property commonly known as 518 West 158th Street, New York,
New York, to Harlem Heights Holdings, LLC, for $1.55 million,
pursuant to the terms and conditions of their proposed Contract of
Sale.

A hearing on the Motion is set for Feb. 2020, at 10:00 a.m.  

The Debtor's counsel believes that if the sale is approved and
thereafter consummated, the Debtor will be able to pay-off the
secured Debtor and perhaps emerge from the Bankruptcy.  The
property is uninhabited and has no tenants.  It is a burned-out
shell, which has been scaled and solidified.  The Debtor is
proposing to sell the property "privately," as a partial
liquidation to hopefully pay off all creditors.

The Debtor, pursuant to Section 363, does not foresee the necessity
to have a hearing on any privacy policy or concerns and as such,
does not request the need for a privacy ombudsman under Section 322
of the Code.

From a market analysis of the property, it appears the Debtor will
be able to clear up the debt from both secured creditors.
Furthermore, the offer will be to sell the property completely "as
is."  The Debtor has a signed contract for $1.255 million.

The Debtor's real estate broker believes purchase price is
realistic considering the market is accepting and closing on
renovated properties in the area for approximately $2.1 million. If
one factors in the cost of renovation, the proposed purchaser would
be bringing in a discount value of $300,000, plus of course, the
rents and fees associated therewith, upon completion of the
renovation.

The salient terms of the Contract are:

     (a) The purchase price is $1.55 million and is all cash.

     (b) The down payment will be a minimum of $125,000, which is
now held in escrow in my Citibank IOLA account, under account
number 4987245 847.

     (c) The sale is subject to good title being passed.

     (d) The Contract of Sale will include that the property will
be sold "as is" and the Seller will assume all ECB's and building
code violations.  At present, the prepetition violations totaled
approximately $21,000 (although some of these are on the other
property) and there are another couple of violations post-petition.


     (f) Cash, certified check or bank check for the balance at
closing, subject to tax and municipal adjustments, if any. It is
hoped that this Court will so order a waiver of the transfer tax,
as it is a liquidation sale.

     (g) The sale will be an all cash transaction.

The Debtor asks the right to allow the estate to pay off these
violations and ECB's at Closing.

The approved Real Estate Broker has estimated the following costs
to the sale:

     (a) A maximum broker fee of 2.6%.  There is no co-broker or
purchasing broker.

     (b) New York State and City transfer tax, approximately 4.65%
of the property, unless the Court approves the proposed liquidation
plan, being submitted with the Motion.

     (c) Capital gains tax after the appropriate adjustment of the
Debtor's cost basis, if any.

     (d) If necessary, the payment of all violation fines and ECB
violations of approximately $30,000, which may include those
violations on the Debtor's other property.

     (e) Any real estate tax arrears, plus interest and penalties,
if any, although it is believed these taxes are now current,
including prepetition taxes.

     (f) Payment of the outstanding mortgages held by Sunkyung
Inc., which we beg differed until said issues are litigated,
settled or adjusted, with a maximum amount, in all likelihood, to
be $1.115 million.

     (g) The attorney fee to be approved by the Court at some date
after the transaction is completed.

The Debtor has no executory contracts concerning the premises, save
the mortgage with the secured creditor, which will be satisfied.

A copy of the Contract is available at https://tinyurl.com/wfo3hsn
from PacerMonitor.com free of charge.

The Purchaser:

        HARLEM HEIGHTS HOLDINGS, LLC
        co Alan Swiedler, Esq.,
        Swiedler Law, p.c.
        60 East Eighth Street
        New York, NY 10003

                    About Porto Resources

Porto Resources LLC filed for Chapter 11 bankruptcy protection
(Bankr. E.D.N.Y. Case No. 14-14130) on March 26, 2014, and is
represented by Michael L. Previto, Esq., an attorney in S.
Setauket, N.Y.  At the time of filing, the Debtor was estimated to
have $1,000,001 to $10 million in both assets and liabilities.
Judge Elizabeth S. Stong oversees the case.


PORTO RESTAURANT: Hires Keller to Sell New York Property for $1.3M
------------------------------------------------------------------
Porto Restaurant, Inc. asks the U.S. Bankruptcy Court for the
Eastern District of New York to authorize it to retain Keller
Williams, NYC, Inc. as a Real Estate Broker for the purpose of
selling its asset commonly known as 517 West 158th Street, New
York, New York for $1.255 million.

A contract being submitted to the Court is eminent.  The Debtor has
requested the retention due to its experience and expertise in the
selling of small multi-family units and SRO's in the area of upper
Manhattan.

The company is owned and operated by Ilan Braha. There appears to
be no conflict of interest in the particular matter.  The broker
has arranged the sale of the property.

The duties to which he is appointed will be limited and will not
include any duties with respect to the administration of the
Estate.  His only duties will be to list and market the property
for sale and to assist the respective attorneys if a Court approved
Contract of Sale is executed to close the sale.  A contract is
expected to be submitted in the amount of $1.255 million.   His
actions will be supervised by the counsel for Debtor, as well as
the UST and the receiver.

Subject to the Court's approval, the Debtor ask the Court to
authorize it to execute the listing agreement to be presented to
the Court.  The Broker will receive a commission payable on the
sale ofthe property at the usual rate of 2.6% on the sale of the
property. The proposed Broker asks a commission of $32,630, only
upon the successful closing of the transaction in conformity with
the Courts' directives or orders.

Notwithstanding the potential sale of the property, the Broker will
seek overbids should it be unable to reach agreement with the
present prospects.

Pursuant to Bankruptcy Rule 2016(b) the Broker has not received any
promises as to compensation in the Chapter 11 case, other than in
accordance with the Bankruptcy Code, the Bankruptcy Rules, and the
local rules.  Furthermore, the Broker has no other agreement with
the Debtor or any other entity to share and compensation received
by the Broker in connection with the matter.

Pursuant to Bankruptcy Rule 2016(b) there will be no sharing offees
or expenses with another party or person unless a "co-broker" fee
is disclosed and applied for the counsel for the Debtor.

Counsel for Debtor:

       Michael L. Previto, Esq.
       156 Canal Road
       P.O. Box 303
       Coram, NY 11727
       Telephone: (631) 379-0837

         About Porto Restaurant, Inc.

The case is In re: Porto Restaurant, Inc., (Bankr. E.D. N.Y. Case
No. 14-41430).  Porto Restaurant, Inc. owns and operates a
restaurant known as Hollywood Diner and located at 574 Avenue of
the Americas, New York, New York.



PRESSURE BIOSCIENCES: Extends Standstill Agreement Until March 3
----------------------------------------------------------------
Pressure BioSciences, Inc., entered into an Amendment to the
Standstill and Forbearance Agreements with 12 lenders who hold
convertible promissory notes with a total principal of $2,625,066.
Pursuant to the Amendment, the Lenders agreed to not convert any
portion of the Notes into shares of the Company's common stock
until March 3, 2020, and to waive, through March 2, 2020, any
Company defaults under the Notes, if any occur.  The Company
offered the Lenders a cash fee or shares of the Company's common
stock with a Securities Act restrictive legend in connection with
the Lenders' entrance into the Amendment.  The Lenders have until
March 2, 2020 to choose the cash fee, the stock fee, or a
combination of both after which date the shares will be issued and
the cash will be paid.

                   About Pressure Biosciences

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

Pressure Biosciences reported a net loss attributable to common
shareholders of $23.47 million for the year ended Dec. 31, 2018,
compared to a net loss attributable to common shareholders of
$10.71 million for the year ended Dec. 31, 2017.  As of Sept. 30,
2019, the Company had $2.41 million in total assets, $12.03 million
in total liabilities, and a total stockholders' deficit of $9.62
million.

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


PRIME GLOBAL: Incurs $267K Net Loss in Fiscal 2019
--------------------------------------------------
Prime Global Capital Group Incorporated filed with the Securities
and Exchange Commission its Annual Report on Form 10-K reporting a
net loss of US$267,321 on US$1.92 million of net total revenues for
the year ended Oct. 31, 2019, compared to a net loss of US$553,962
on US$1.53 million of net total revenues for the year ended Oct.
31, 2018.

As of Oct. 31, 2019, the Company had US$44.47 million in total
assets, US$17.63 million in total liabilities, and US$26.84 million
in total equity.

As of Oct. 31, 2019, the Company had cash and cash equivalents of
US$198,113, accounts receivable of US$12,956.

The Company's ratio of current assets to current liabilities was
0.28:1 and 0.36:1 as of Oct. 31, 2019 and 2018, respectively.

The Company expects to incur significantly greater expenses in the
near future, including the contractual obligations that it has
assumed, to begin development activities.  The Company also expects
its general and administrative expenses to increase as it expands
its finance and administrative staff, and add infrastructure.

The Company has never paid dividends on its Common Stock.  Its
present policy is to apply cash to investments in product
development, acquisitions or expansion; consequently, it does not
expect to pay dividends on Common Stock in the foreseeable future.

Prime Global said, "Our continuation as a going concern is
dependent upon improving our profitability and the continuing
financial support from our stockholders.  Our sources of capital in
the past have included the sale of equity securities, which include
common stock sold in private transactions and public offerings,
capital leases and short-term and long-term debts. While we believe
that we will obtain external financing and the existing
shareholders will continue to provide the additional cash to meet
our obligations as they become due, there can be no assurance that
we will be able to raise such additional capital resources on
satisfactory terms.  We believe that our current cash and other
sources of liquidity discussed below are adequate to support
operations for at least the next 12 months."

ShineWing Australia, in Melbourne, Australia, the Company's
independent accounting firm, issued a "going concern" qualification
in its report dated Jan. 28, 2020 citing that the Company has a
working capital deficiency, and accumulated deficit from recurring
net losses maturing in less than one year as of Oct. 31, 2019.  All
these factors raise substantial doubt about its ability to continue
as a going concern.

A full-text copy of the Form 10-K is available for free at the
SEC's website at:

                      https://is.gd/eK9d8G

                       About Prime Global

Headquartered in Kuala Lumpur, Malaysia, Prime Global Capital Group
Incorporated -- http://www.pgcg.cc-- through its subsidiaries, is
principally engaged in the operation of a durian plantation,
leasing and development of the operation of oil palm and durian
plantation, commercial and residential real estate properties in
Malaysia.


PRINCETON ALTERNATIVE: March 2 Plan Confirmation Hearing Set
------------------------------------------------------------
Matthew Cantor, Chapter 11 Trustee (the Trustee) for Debtors
Princeton Alternative Income Fund, LP and Princeton Alternative
Funding, LLC, filed a motion for entry of an order approving the
adequacy of the Trustee’s Fourth Amended Disclosure Statement for
the Trustee's Fourth Amended Joint Chapter 11 Plan of
Reorganization.  On January 16, 2020, Judge Michael B. Kaplan
ordered that:

  * The Motion is hereby granted.

  * The Disclosure Statement filed January 13, 2020, contains
adequate information within the meaning of Section 1125 of the
Bankruptcy Code and is approved.

  * The date of entry of this Order approving the Disclosure
Statement is the Voting Record Date under the Plan. The Voting
Record Date is the date for the determination of record Holders of
Claims or Interests entitled to receive a copy of this Disclosure
Statement and vote, using appropriate Ballots, to accept or reject
the Plan.

  * The Schedule of Limited Partners' Capital Accounts as of
September 30, 2019, attached to the Disclosure Statement as Exhibit
F shall be used to tabulate votes on the Plan by members of PAIF
Class 7.  All Limited Partners classified in PAIF Class 7 that
assert an Interest in PAIF greater than their Percentage Interest
as of the Determination Date shall be holders of Disputed
Interests, and shall be entitled to vote based on their Percentage
Interests as of the Determination Date.

  * March 2, 2020, at 10:00 a.m. is the hearing for confirmation of
the Plan, before The Honorable Michael B. Kaplan, United States
Bankruptcy Judge, at the United States Bankruptcy Court for the
District of New Jersey, Clarkson S. Fisher Federal Building & U.S.
Courthouse, 402 East State Street, Trenton, New Jersey 08608.

  * Feb. 24, 2020, at 5:00 p.m. is the last day to file and serve
written objections to confirmation of the Plan.

A full-text copy of the order dated January 16, 2020, is available
at https://tinyurl.com/upzckod from PacerMonitor.com at no charge.

Counsel for Matthew Cantor:

       WOLLMUTH MAHER & DEUTSCH LLP
       51 JFK Parkway, First Floor West
       Short Hills, New Jersey 07078

               - and -

       500 Fifth Avenue
       New York, New York 10110
       Tel: (212) 382-3300
       Paul R. DeFilippo
       James N. Lawlor

                   About Princeton Alternative

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

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

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

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

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

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

Attorneys for MicroBilt Corporation are Derek J. Baker, Esq., at
Reed Smith LLP, in Princeton, New Jersey.

Counsel for the Ad-Hoc Committee of Minority Shareholders is Ronald
S. Gellert, Esq., at Gellert Scali Busenkell & Brown, LLC, in
Wilmington, Delaware.


PRINCETON ALTERNATIVE: Seeks to Reconsider Disclosure & NAV Orders
------------------------------------------------------------------
MicroBilt Corporation, a creditor of each of debtors Princeton
Alternative Income Fund, LP and Princeton Alternative Funding, LLC,
and the Ad Hoc Committee of Minority Shareholders (the Alternative
Plan Proponents) submit the Combined Motion and Memorandum of Law
in support of their motion to reconsider the Court's order denying
motion to approve Disclosure Statement and Related Relief.

In support of the motion, the Alternative Plan Proponents state as
follows:

  * The Alternative Plan Proponents respectfully request that the
Court reconsider the Disclosure Statement Orders and enforce the
Net Asset Value (NAV) Order pursuant to the Court's inherent powers
and Bankruptcy Rule 9024.

  * The Court's entry of the Trustee/Ranger Disclosure Statement
Order is directly at odds with the NAV Order. The Trustee/Ranger
Plan is based on a series of Unissued/Unconfirmed NAVs. The
Trustee/Ranger Plan provides that the Court will retain
jurisdiction post-confirmation to determine the Trustee's
compliance with the LPA in connection with his publication of
statements of Capital Accounts. Such language is wholly
inconsistent with the NAV Order.

  * The Alternative Plan Proponents' Plan has less litigation. Many
of the litigation issues raised in connection with the
Trustee/Ranger Plan are not present in the Alternative Plan
Proponents' Plan. In fact, the Alternative Plan Proponents' Plan
eliminates all litigation around the allowance of claims by
MicroBilt and others. Also, the subordination of the MicroBilt
claims results in immediately more value distributed to investors.

  * The Alternative Plan Proponents respectfully request that the
Court reconsider and vacate the Disclosure Statement Orders and the
NAV Order or enforce the NAV Order by requiring the
Unissued/Unconfirmed NAVs purported to be used by the Trustee to be
first determined to be issued in accordance with the Limited
Partnership Agreement and grant such other and further relief as is
just and proper.

A full-text copy of the motion dated Jan. 16, 2020, is available at
https://tinyurl.com/uwnzgnx from PacerMonitor.com at no charge.

Attorneys for MicroBilt:

         Derek J. Baker, Esq.
         REED SMITH LLP
         506 Carnegie Center, Suite 300
         Princeton, NJ 08540
         Tel: 609-987-0050
         Fax: 609-951-0824
         E-mail: dbaker@reedsmith.com

Counsel for the Ad-Hoc Committee of Minority Shareholders:

         Richard D. Trenk, Esq.
         MCMANIMON, SCOTLAND & BAUMANN, LLC
         75 Livingston Avenue, Suite 201
         Roseland, NJ 07068
         Tel: 973-622-1800
         Fax: 973-681-7233
         E-mail: rtrenk@msbnj.com

                  About Princeton Alternative

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

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

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

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

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

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

Attorneys for MicroBilt Corporation are Derek J. Baker, Esq., at
Reed Smith LLP, in Princeton, New Jersey.

Counsel for the Ad-Hoc Committee of Minority Shareholders is Ronald
S. Gellert, Esq., at Gellert Scali Busenkell & Brown, LLC, in
Wilmington, Delaware.


QUANTUM TRANSPORTATION: Trustee Seeks Approval to Hire Auctioneer
-----------------------------------------------------------------
Leon Haller, the Chapter 11 trustee for J.P. Donmoyer, Inc., seeks
approval from the U.S. Bankruptcy Court for the Middle District of
Pennsylvania to hire an auctioneer.
   
The trustee proposes to employ Kerry Pae Auctioneers to sell a
vehicle owned by J.P. Donmoyer, a subsidiary of Quantum
Transportation, LLC, at auction.  The auction will be conducted
through the Internet.

The firm will get 10 percent of the gross sale price.   

Kerry Pae Auctioneers is "disinterested" within the meaning of
Section 101(13) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Kerry Pae
     Kerry Pae Auctioneers  
     515 West Chocolate Avenue
     Hershey, PA 17033
     Phone: +1 717-489-3030

                   About Quantum Transportation

Quantum Transportation, LLC is a transportation provider for dry
bulk commodities, liquid chemicals, dump transportation and
truckload deliveries.

Quantum Transportation and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Lead Case No.
19-02063) on May 13, 2019.  At the time of the filing, Quantum
Transportation had estimated assets of between $1 million and $10
million and liabilities of between $10 million and $50 million.
Judge Henry W. Van Eck oversees the case.  The Debtor is
represented by Cunningham, Chernicoff & Warshawsky, P.C.


QUOTIENT LIMITED: Incurs $27.5 Million Net Loss in Third Quarter
----------------------------------------------------------------
Quotient Limited filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting a net loss of $27.48
million on $7.94 million of total revenue for the quarter ended
Dec. 31, 2019, compared to a net loss of $26.25 million on $6.72
million of total revenue for the quarter ended Dec. 31, 2018.

For the nine months ended Dec. 31, 2019, the Company reported a net
loss of $78.05 million on $23.95 million of total revenue compared
to a net loss of $78.79 million on $20.85 million of total revenue
for the same period in 2018.

As of Dec. 31, 2019, the Company had $247.95 million in total
assets, $229.89 million in total liabilities, and $18.06 million in
total shareholders' equity.

Since its commencement of operations in 2007, the Company has
incurred net losses and negative cash flows from operations.  As of
Dec. 31, 2019, the Company had an accumulated deficit of $458.7
million.  During the nine month period ended Dec. 31, 2019, the
Company used $64.8 million of cash in operating activities.  The
Company's use of cash during the nine month period ended Dec. 31,
2019 was primarily attributable to its investment in the
development of MosaiQ and corporate costs, including costs related
to being a public company.

From its incorporation in 2012 to March 31, 2019, the Company has
raised $160.0 million of gross proceeds through the private
placement of its ordinary and preference shares and warrants,
$250.1 million of gross proceeds from public offerings of its
shares and issuances of ordinary shares upon exercise of warrants
and $120.0 million of gross proceeds from the issuance of the
Secured Notes.

On May 15, 2019, the Company issued an additional $25.0 million
aggregate principal amount of the Secured Notes.  On May 15, 2019,
the Company paid $1.5 million of the net proceeds of the issuance
into the cash reserve account maintained with the collateral agent
under the terms of the indenture governing the Secured Notes, which
together with the $7.2 million paid into the cash reserve account
in respect of previous issuances, brought the total in the cash
reserve account to $8.7 million at Dec. 31, 2019.

On Nov. 12, 2019, the Company completed a public offering of
13,800,000 newly issued ordinary shares at a price of $7.00 per
share, which raised $96.6 million of gross proceeds before
underwriting discounts and other offering expenses.

As of Dec. 31, 2019, the Company had available cash, cash
equivalents and short-term investments of $138.0 million and $9.0
million of restricted cash held as part of the arrangements
relating to its Secured Notes and the lease of its property in
Eysins, Switzerland.

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

                      https://is.gd/bk0xGX

                     About Quotient Limited

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

Quotient Limited reported a net loss of $105.4 million for the year
ended March 31, 2019, a net loss of $82.33 million for the year
ended March 31, 2018, and a net loss of $85.06 million for the year
ended March 31, 2017.  As of Sept. 30, 2019, the Company had
$176.97 million in total assets, $223.91 million in total
liabilities, and a total shareholders' deficit of $46.94 million.


RANCHER'S LEGACY: Court Extends Exclusivity Period to April 30
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Minnesota extended
the exclusive period for Rancher's Legacy Meat Co. to file a
Chapter 11 plan to April 30 and the period to solicit acceptances
for the plan to July 31.

Rancher's Legacy Meat is currently in the process of negotiating
with its creditors to determine if a consensual plan of
reorganization is possible and, if it cannot formulate a consensual
plan, it is soliciting bids for a sale of its assets. The company
established a virtual data room for its assets and financial
information. As of this time, the company's financial advisors have
identified numerous interested potential buyers that are currently
conducting due diligence in order to evaluate the potential to make
bids on its assets.

The company anticipates it will take an additional 60 days to
complete the solicitation process and identify a stalking horse
bidder and 90 days thereafter to conduct a sale and obtain court
approval for the sale.

In addition, Rancher's Legacy Meat must determine the validity and
priority of the interests held by its two major secured creditors.
It is virtually impossible to formulate a plan until those issues
are resolved, according to the company.

                  About Rancher's Legacy Meat Co.

Rancher's Legacy Meat Co. -- https://rancherslegacy.com/ -- owns
and operates an animal slaughtering and processing facility in
Vadnais Heights, Minnesota. Rancher's Legacy Meat was built to
produce fresh and frozen ground meat in patty and bulk
configurations.

Rancher's Legacy sought Chapter 11 protection (Bankr. D. Minn. Case
No. 19-32928) on Sept. 20, 2019. In the petition signed by Arlyn J.
Lomen, president, the Debtor listed total assets of $13,291,000 and
total liabilities of $26,897,956 as of the Petition Date.  

Judge Michael E Ridgway is assigned the case.

Foley & Mansfield P.L.L.P., represents the Debtor.

The U.S. Trustee for Region 12 appointed a committee of unsecured
creditors on Sept. 27, 2019.  The committee is represented by
Pachulski Stang Ziehl & Jones.


RAYBAR INC: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The Office of the U.S. Trustee on Feb. 3, 2020, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of Raybar Inc.
  
                        About Raybar Inc.

Raybar, Inc. owner of Lodge at the Falls hotel, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Mo. Case No.
19-61454) on Dec. 4, 2019.  At the time of the filing, the Debtor
had estimated assets of less than $50,000 and liabilities of
between $1 million and $10 million.  Judge Cynthia A. Norton
oversees the case.  Diana P. Brazeale, Esq., at Brazeale Law Firm,
LLC, is the Debtor's legal counsel.


RIVERBEND FOODS: Court Conditionally Approves Disclosure Statement
------------------------------------------------------------------
Judge Gregory L. Taddonio has ordered that the Disclosure Statement
explaining the Chapter 11 Plan filed by Riverbend Foods LLC is
conditionally approved.

Ballots must be received on or before February 28, 2020 in
accordance with the instructions on the Ballot, unless extended by
the Debtor and the Committee in writing.

Objections to the adequacy of the Disclosure Statement or
confirmation of the Plan must be filed and served no later February
28, 2020.

Any party supporting the Plan may file a reply to any objection to
confirmation of the Plan by March 7, 2020.

A hearing shall be held before this Court on March 12, 2020 at in
Courtroom A 54th Floor U.S. Steel Tower 600 Grant St., Pittsburgh,
PA at 2:00 p.m. (prevailing Eastern Time)  to consider on a final
basis the adequacy of the Disclosure Statement and confirmation of
the Plan (the "Combined Hearing") at the United States Bankruptcy
Court for the Western District of Pennsylvania, before the
Honorable Gregory L. Taddonio, Courtroom A, 5414 U.S. Steel Tower,
600 Grant Street, 54th Floor, Pittsburgh, PA 15219.

As reported in the Troubled Company Reporter, Riverbend Foods LLC
and its official committee of unsecured creditors have jointly
proposed a liquidating chapter 11 plan for the Debtor.  Funds
remaining after payment of the secured claims will be paid to
unsecured creditors of the bankruptcy estate on a pro rata basis.
According to the Disclosure Statement, holders of general unsecured
non-tax claims in Class 9 are slated to have a less than 1 percent
dividend under the Plan.

A full-text copy of the Disclosure Statement dated Jan. 15, 2020,
is available at https://tinyurl.com/yx62xorz from PacerMonitor.com
at no charge.

                    About Riverbend Foods

Riverbend Foods, LLC is engaged in the business of fruit and
vegetable preserving and specialty food manufacturing.  It offers
baby food, soups, broths, gravies, sauces and cold brew coffee.

Riverbend Foods sought Chapter 11 protection (Bankr. W.D. Pa. Case
No. 19-24114) on Oct. 22, 2019.  In the petition signed by CRO
Dalton Edgecomb, the Debtor was estimated to have assets and
liabilities in the range of $10 million to $50 million.  Judge
Gregory L. Taddonio is assigned to the case.  The Debtor tapped
Frank J. Guadagnino, Esq., at McGuirewoods LLP as counsel, and
Winter Harbor, LLC as restructuring advisor.

The Office of the U.S. Trustee appointed creditors to serve on the
official committee of unsecured creditors on Oct. 31, 2019.  The
Committee retained Fox Rothschild LLP as legal counsel, and
Giuliano Miller & Company, LLC, as accountant and financial
advisor.


RWP HOMES: Unsecureds to Get Payment After Sale/Refinanccing
------------------------------------------------------------
Debtor RWP Homes, LLC filed a Second Amended Disclosure Statement
and Plan of Reorganization.

RWP will pay the full amount owed to Class 6 Harvard Mortgage
within one week after it receives sufficient loan proceeds to pay
all of the prepetition and postpetition debts provided for in this
Plan, provided that no pending objection is ongoing at such time.
If a pending objection is ongoing, payment shall be made within 15
days after the claim objection is final.

RWP will pay the total amount owed to Class 7 General Unsecured
Claims within 45 days of the receipt of funds from a sale or
refinancing, provided that no pending objection is ongoing at such
time.  If a pending objection is ongoing, payment shall be made
within 15 days after the claim objection is final.

Any sale or refinancing will be in an amount sufficient to fully
satisfy all claims against the Debtor, including without limitation
the ad valorem tax claims and the claim of Harvard.

If RWP should fail to make any payments as required in this Plan
any unpaid creditor shall provide written notice of that default by
sending written notice by certified mail to RWP and RWP's attorney
advising of that default and providing RWP with a period of 21 days
to cure the default.

A full-text copy of the Second Amended Disclosure Statement dated
Jan. 16, 2020, is available at https://tinyurl.com/srxezh6 from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     Reese Baker
     Baker & Associates
     950 Echo Lane, #300
     Houston, Texas 77024
     Tel: (713) 979-2279
     Fax: (713) 869-9100

                     About RWP Homes LLC

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

RWP Homes, LLC, filed a voluntary petition for relief on June 4,
2019, under Chapter 11 of Title 11, United States Bankruptcy Code
(Bankr. S.D. Tex. Case No. 19-33178). In the petition signed by
Kirk Paschal, president, the Debtor estimated $1 million to $10
million in both assets and liabilities. The case is assigned to
Judge Jeffrey P. Norman.  

Reese W. Baker, Esq. at Baker & Associates LLP, is the Debtor's
counsel.


SANAM CONYERS: Janam Madison Opposes Cash Use Termination Notice
----------------------------------------------------------------
Janam Madison Lodging, LLC, an affiliate of Sanam Conyers, LLC,
opposes the notice of termination to use cash collateral filed by
Pavelli Foundation, which was filed on account of the Debtor's
alleged failure to make certain adequate protection payments.

Edward Danowitz, Esq., counsel to the Debtor at Danowitz Legal, PC,
relates that the Debtor is current on all adequate protection
payments under the final cash collateral order to the Pavelli
Foundation, as assignee of NOA Bank, and that the Debtor has not
been advised of any failure in making adequate protection payments
to the Foundation.  Mr. Danowitz says the Debtor is willing to cure
any financial default upon the investigation of payment history to
the Pavelli Foundation.

Mr. Danowitz, moreover, argues that to discontinue, at this point,
access to cash collateral will be devastating to maintaining the
Debtor as a going concern and would be a serious blow to a likely
reorganization.  The Debtor accordingly asks the Bankruptcy Court
to determine the terms and conditions for an order authorizing use
of cash collateral and the payment of adequate protection on an
on-going basis.

A copy of the objection is available at https://is.gd/X12EAe from
PacerMonitor.com free of charge.

                  About Janam Madison Lodging

Janam Madison Lodging, Inc., along with related debtor entities,
filed a Chapter 11 petition on March 26, 2019 in the U.S.
Bankruptcy Court for the Northern District of Georgia. Their cases
are jointly administered In Re: Sanam Conyers Lodging, LLC (Bankr.
Lead Case No. 19-54798).  Danowitz Legal, PC, is the Debtors'
counsel.  Judge Wendy L. Hagenau oversees the case.


SFP FRANCHISE: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
The U.S. Trustee for Region 3 on Feb. 4, 2020, appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of SFP Franchise Corporation and Schurman
Fine Papers.
  
The committee members are:

     (1) Jean Cultural & Creative Co. Ltd.
         Attn: Judy Chi
         No 95-6, Baozhong Rd., Xindian Dist.
         New Taipei City, 231 Taiwan (R.O.C)
         Phone: +886-2-29171700, #1218
         Fax: +8862-29172152   

     (2) Crane Stationery LLC
         Attn: Casey Rosenzweig
         1466 Curran Highway
         North Adams, MA 01247
         Phone: 518-233-6461
         Email: casey.rosenzweig@mohawkpaper.com   

     (3) Simon Property Group, Inc.
         Attn: Catherine Martin
         225 West Washington Street
         Indianapolis, IN 46204
         Phone: 317-685-7263
         Fax: 317-263-7901

Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                   About SFP Franchise Co. and
                      Schurman Fine Papers

SFP Franchise Corporation and Schurman Fine Papers sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 20-10134) on Jan. 23, 2020.  At the time of the
filing, the Debtors each had estimated assets of between $10
million and $50 million and liabilities of between $50 million and
$100 million.  

Judge John T. Dorsey oversees the cases.  

The Debtors tapped Landis Rath & Cobb, LLP as their legal counsel,
and Omni Agent Solutions as claims and noticing agent.


SIGNATURE PACK: Visionary Foods Buying Wing Business for $1.75M
---------------------------------------------------------------
Signature Pack, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Georgia to authorize its Asset Purchase
Agreement with Visionary Foods, LLC in connection with the sale of
all assets comprising the part of its business involving the
packing and sale of chicken wings, for $1.75 million.

The Debtor has engaged the services of James B. Ardrey, as approved
by the Court, as its advisor to assist in the sales process.  They
believe that the sale of the Wing Business as contemplated in the
APA constitutes the best way to maximize value of these assets for
the Estate and the Debtor's creditors.

Accordingly, the Debtor proposes to effectuate the sale of all of
its assets involved in its Wing Business which include, without
limitation, all of its direct and indirect right, title and
interest in and to the certain assets as defined in the APA for the
Purchase Price of $1.75 million.  The Buyer is acquiring the Assets
"as-is."

The Debtor will assume and assign to the Buyer all of the Contracts
designated by the Buyer to be assigned to the Buyer at Closing as
of the date of Closing.  The Buyer shall, on or before the Closing,
pay or otherwise satisfy the cure costs to the appropriate parties
as ordered by the Court so as to permit the assumption and
assignment of all Assigned Contracts.

Renasant Bank holds a first priority lien upon and security
interest in the Assets.  Renasant asserts that, as of Aug. 9, 2019,
the total secured debt owed to it by the Debtor was at least
$1,358,579 (including all principal and interest).  The Debtor has
paid at least $392,014 to Renasant since the Petition Date on its
secured debt and the Debtor's co-obligors on said secured
indebtedness have paid additional monies to Renasant since the
Petition Date.

Notwithstanding anything to the contrary in the Sale Order or
otherwise, and pursuant to the order authorizing the employment of
James B. Ardrey, the Debtor asks the Court to authorize:

     (i) it to pay at Closing the $200,000 Sale Transaction Fee
directly to Ardrey out of the gross proceeds of the Purchase Price;


     (ii) it to utilize the Sale Proceeds generated from the
Purchase Price to pay obligations as follows: (1) such amount as is
necessary to pay off the Renasant secured claim; (2) the Ardrey
Fee; (3) the amount necessary to pay off the JSO Settlement; (4)
customary closing costs attributable to Debtor as seller; and (5)
all net proceeds remaining thereafter to be held in the IOLTA Trust
Account of Debtor’s counsel, Jones & Walden, LLC until further
order of the Court.

Any monies collected or received by Debtor from the Excluded
Assets, including the collection of any accounts receivable, will
be paid to the IOLTA Trust Account of the Debtor's counsel, Jones &
Walden, LLC, for use in accordance with the terms of the Sale Order
or until further order of the Court.

The Debtor also asks that the following items be paid from funds
collected by Debtor or held in trust in Jones & Walden, LLC's IOLTA
Trust Account without further order of the Court:

     (1) Any quarterly fees due and payable to the United States
Trustee;

     (2) Payroll for the Debtor's payroll obligations incurred
prior to the Closing and associated payroll taxes and benefits
payments;

     (3) Any insurance that comes due regarding any Excluded Assets
or otherwise necessary for the winding down of the Debtor's
operations, or amounts owed for insurance prior to the Closing;
and

     (4) The amounts reasonably necessary for retention or hiring
persons to finalize the Debtor's books and records and assist in
the winddown of the Debtor's finances and business subject to the
maximum gross amount of $2,500 per week for up to a total of
$15,000, inclusive of employee payroll obligations, plus the
associated amount of employer payroll obligations for such
services.

     (5) Any amount necessary to destroy or dispose of any unusable
or unserviceable product.

The Debtor asks the Court to waive any stay that would otherwise be
applicable to the immediate effectiveness of the Sale Order
pursuant to Bankruptcy Rules 6004(h) and 6006(d).

A copy of the APA is available at https://tinyurl.com/uar2r59 from
PacerMonitor.com free of charge.

                      About Signature Pack

Signature Pack, LLC is a privately held company in Pendergrass,
Georgia that provides packaging services.

Signature Pack, based in Pendergrass, GA, filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 19-20916) on May 9, 2019.  In
its petition, the Debtor estimated $0 to $50,000 in assets and $1
million to $10 million in liabilities.  The Hon. James R. Sacca
oversees the case.  Leslie M. Pineyro, Esq., at Jones & Walden,
LLC, serves as bankruptcy counsel to the Debtor.


SOUTHCROSS ENERGY: Monthly Report on De Minimis Assets Sale Filed
-----------------------------------------------------------------
Southcross Energy Partners, L.P., and its debtor-affiliates filed
with the U.S. Bankruptcy Court for the District of Delaware a
monthly notice of their (i) sale of de minimis assets free and
clear of all liens, claims, interests, and encumbrances; and (ii)
abandonment of certain of their de minimis assets.

On May 6, 2019, the Court entered the Order Approving Procedures
for (I) the Sale of De Minimis Assets Free and Clear of Liens,
Claims, Interests, and Encumbrances and (II) the Abandonment of
Certain of the Debtors’ Property.  Pursuant to the terms of the
Order, the Debtors must file with the Court, within 30 days after
each calendar month, a written report detailing (i) the identity
and purchase price of each De Minimis Asset sold during such
calendar month for a Sale Price less than or equal to $500,000 and
(ii) the identity of each De Minimis Asset abandoned during such
calendar month whose estimated gross proceeds are greater than or
equal to $50,000 and less than or equal to $500,000.   

Appendix A lists all De Minimis Assets sold by the Debtors during
the calendar month of December 2019 for a Sale Price less than or
equal to $500,000 in accordance with the Order.  

Appendix B hereto lists all De Minimis Assets abandoned by the
Debtors during the calendar month of December 2019 with estimated
gross proceeds greater than or equal to $50,000 and less than or
equal to $500,000 in accordance with the Order.  

A copy of Appendix A and Appendix B attached to the Notice is
available at https://tinyurl.com/vsvya54 from PacerMonitor.com free
of charge.

                About Southcross Energy Partners

Southcross Energy Partners, L.P. --
http://www.southcrossenergy.com/-- is a publicly traded company
that provides midstream services to natural gas producers and
customers, including natural gas gathering, processing, treatment
and compression, and access to natural gas liquid (NGL)
fractionation and transportation services.  It also purchases and
sells natural gas and NGLs.  Its assets are located in South Texas,
Mississippi and Alabama, and include two cryogenic gas processing
plants, a fractionation facility and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region.  Southcross Energy is headquartered in Dallas,
Texas.

Southcross Energy Partners and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 19-10702) on April 1, 2019.  The Debtors disclosed total assets
of $610.4 million and total liabilities of $614.3 million as of
April 1, 2019.

The cases are assigned to Judge Mary F. Walrath.

The Debtors tapped Davis Polk & Wardwell LLP as bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel; Alvarez &
Marsal as financial advisor; Evercore Group LLC as investment
banker; and Kurtzman Carson Consultants LLC as notice and claims
agent and administrative advisor.


SPHERIX INC: Incurs $4.18 Million Net Loss in 2019
--------------------------------------------------
Spherix Inc. filed with the Securities and Exchange Commission its
Annual Report on Form 10-K reporting a net loss of $4.18 million on
$9,000 of revenues for the year ended Dec. 31, 2019, compared to
net income of $1.73 million on $28,000 of revenues for the year
ended Dec. 31, 2018.

As of Dec. 31, 2019, the Company had $11.28 million in total
assets, $750,000 in total liabilities, and $10.53 million in total
stockholders' equity.

Marcum LLP, in New York, NY, the Company's auditor since 2013,
issued a "going concern" qualification in its report dated Jan. 31,
2020, citing that Company has historically incurred losses from
operations 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.

Spherix said, "The Company's ultimate success is dependent on its
ability to obtain additional financing and generate sufficient cash
flow to meet its obligations on a timely basis.  The Company's
business will require significant amounts of capital to sustain
operations and make the investments it needs to execute its
longer-term business plan to support new technologies and help
advance innovation.  Absent generation of sufficient revenue from
the execution of the Company's long-term business plan, the Company
will need to obtain additional debt or equity financing, especially
if the Company experiences downturns in its business that are more
severe or longer than anticipated, or if the Company experiences
significant increases in expense levels resulting from being a
publicly-traded company or operations.  If the Company attempts to
obtain additional debt or equity financing, the Company cannot
assume that such financing will be available to the Company on
favorable terms, or at all.

"The Company plans to pursue its plans regarding research and
development which will require resources beyond those currently
available, including third party capital.  During this time, the
Company does not expect to generate revenue as there is substantial
doubt about the Company's ability to continue as a going concern
within one year from the date of this filing."

A full-text copy of the Form 10-K is available for free at the
SEC's website at:

                      https://is.gd/Je2ahr

                          About Spherix

Headquartered in New York, NY, Spherix Incorporated --
http://www.spherix.com/-- was initially formed in 1967 and is
currently a biotechnology company seeking to develop small-molecule
anti-cancer therapeutics.  The Company recently purchased the
rights to patented technology from leading universities and
researchers and it is currently in the process of developing
innovative therapeutic drugs through partnerships with world
renowned educational institutions, including The University of
Texas at Austin and Wake Forest University.


STANDARD AMUSEMENTS: Feb. 14 Plan Confirmation Hearing Set
----------------------------------------------------------
On Sept. 6, 2019, Debtor Standard Amusements LLC filed with the
U.S. Bankruptcy Court for the Southern District of New York a
Combined Disclosure Statement and Plan of Reorganization Under
Chapter 11 of the Bankruptcy Code.

The Combined Disclosure Statement and Plan contemplates the
submission of certain documents, schedules, and exhibits in advance
of the hearing to consider confirmation of the Combined Disclosure
Statement and Plan.

The Debtor filed the following Plan Supplement document:

* Exhibit A - January 16, 2020, Capital Commitment Letter from
Jadian UP Holdings LLC.

The documents contained in the Plan Supplement are integral to, and
are considered part of, the Combined Disclosure Statement and Plan.
If the Combined Disclosure Statement and Plan is approved, the
documents contained in the Plan Supplement will be approved by the
Bankruptcy Court pursuant to the order confirming the Combined
Disclosure Statement and Plan.

Feb. 14, 2020, at 10:00 a.m. before the Honorable Robert D. Drain,
United States Bankruptcy Judge for the United States Bankruptcy
Court for the Southern District of New York, 300 Quarropas Street,
White Plains, New York 10601-4140 is the Confirmation Hearing.

Pursuant to the Commitment Letter, Jadian UP Holdings commits to
make, or cause to be made, a cash capital contribution to United
Parks LLC, a  Delaware limited liability company, the indirect
parent company of Standard Amusements LLC, a Delaware limited
liability company, of up to $20,000,000, in connection with
Standard Amusements' assumption of that certain Restated and
Amended Playland Management Agreement dated May 3,  2016 (as
amended, the "Management Agreement"), upon satisfaction of the
conditions to funding (the "Conditions to Funding").  United Parks
agrees that it will use the Commitment for the sole purpose of
funding the operational and business expenses of Standard
Amusements, including satisfaction of the Manager's Investment, and
for no other purpose.

A full-text copy of the Plan Supplement Filing Notice dated Jan.
16, 2020, is available at https://tinyurl.com/tst9jee from
PacerMonitor.com at no charge.

The Debtor is represented by:

      John J. Rapisardi
      Daniel S. Shamah
      Joseph Zujkowski
      Diana M. Perez
      O'MELVENY & MYERS LLP
      Seven Times Square
      New York, NY 10036
      Tel: (212) 326-2000
      Fax: (212) 326-2061
      E-mail: jrapisardi@omm.com
              dshamah@omm.com
              jzujkowski@omm.com
              dperez@omm.com

Standard Amusements LLC filed a Chapter 11 Petition (Bankr.
S.D.N.Y. Case No. 19-23061) on May 27, 2019, and is represented by
Daniel L. Cantor, Esq., John J. Rapisardi, Esq., Diana Perez, Esq.,
and Daniel Shamah, Esq., at O'Melveny & Myers LLP, in New York.


SUMMIT FACILITY: U.S. Trustee Forms 2-Member Committee
------------------------------------------------------
The U.S. Trustee for Region 12 on Feb. 3, 2020, appointed two
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Summit Facility and Kitchen Service, LLC.

  
The committee members are:

     (1) Heritage Food Service Group LLC   
         5130 Executive Blvd.
         Fort Wayne, IN 46804
         Contact Person: Renee Dillon
         Phone: 260-496-7641    
         Email: renee.dillon@heritagefoodservice.com

     (2) Allpoints Food Service Parts & Supplies     
         607 Dempster St.   
         Mount Prospect, IL 60056
         Contact Person: Jill Knight
         Phone: 224-233-1224   
         Email: jknight@dfsupply.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

            About Summit Facility and Kitchen Service

Summit Facility and Kitchen Service, LLC is a full-service
mechanical and construction contractor servicing commercial
customers and specializing in equipment installation and upgrades,
equipment service and repair, and equipment maintenance.  It also
offers small appliance repair services, commercial kitchen
fabrication, and field service for mobile and portable commercial
kitchens.

Summit Facility and Kitchen Service sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Minn. Case No. 19-43872) on
Dec. 30, 2019.  At the time of the filing, the Debtor had estimated
assets of between $100,000 and $500,000 and liabilities of between
$1 million and $10 million.  Judge Kathleen H. Sanberg oversees the
case.  Lynn J. Wartchow, Esq., at Wartchow Law Office, LLC, is the
Debtor's legal counsel.


TALK VENTURE GROUP: Asks Leave to Use Cash Collateral
-----------------------------------------------------
Talk Venture Group, Inc., asked the Bankruptcy Court to authorize
use of cash collateral to pay necessary and ordinary expenses of
its business to allow the Debtor to emerge as a reorganized
Debtor.

Secured creditor claims against the Debtor, which claims are
secured by all of the Debtor's assets, are estimated at
$4,304,828.79, including:
   * Well Fargo Bank, N.A. - $1,005,715 (1st priority lien),
$226,332.81 (2nd priority lien),
   * Bank of California - $1,711,810.39 (3rd lien interest),
$84,383.79 (4th priority lien).
The Ohio Dept. of Job and Family Service also asserts a priority
unsecured claim estimated at $3,173.28 for tax assessment.

As adequate protection, the Debtor proposes to give its secured
creditors a post-petition replacement lien on all of its
post-petition assets based on the priority and up to the value of
the cash collateral actually used post-petition.  The Debtor is
offering its first priority secured creditor, Wells Fargo, monthly
adequate protection of $10,000 which will be due by the 20th of
every month effective Jan. 20, 2020.  

A copy of the motion is available for free at https://is.gd/GFql2t
from PacerMonitor.com.

                   About Talk Venture Group

Talk Venture Group, Inc. sells a variety of products, including
baby safety products, auto towing straps, security surveillance
cameras, and bicycling apparel and shoes.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 19-14893) on Dec. 19, 2019.  In the petition signed
by Paul Se Won Kim, president, the Debtor was estimated to have
under $500,000 in assets and under $10 million in liabilities.  The
Hon. Theodor Albert oversees the case.  The Debtor is represented
by Michael Jay Berger, Esq., at Law Offices of Michael Jay Berger.


TALK VENTURE GROUP: May Use Cash Collateral Thru April 8
--------------------------------------------------------
Judge Theodor C. Albert approved the motion to use cash collateral
filed by Talk Venture Group, Inc., on an interim basis, the motion
being unopposed.  A copy of the interim order is available at
https://is.gd/g9aXJh from PacerMonitor.com free of charge.

The Court will consider the Debtor's continued use of cash
collateral on April 8, 2020 at 10 a.m.

                   About Talk Venture Group

Talk Venture Group, Inc. sells a variety of products, including
baby safety products, auto towing straps, security surveillance
cameras, and bicycling apparel and shoes.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 19-14893) on Dec. 19, 2019.  In the petition signed
by Paul Se Won Kim, president, the Debtor was estimated to have
under $500,000 in assets and under $10 million in liabilities.  The
Hon. Theodor Albert oversees the case.  The Debtor is represented
by Michael Jay Berger, Esq., at Law Offices of Michael Jay Berger.


TARONIS TECHNOLOGIES: Signs Waiver Agreements with Investors
------------------------------------------------------------
Taronis Technologies, Inc., entered into waiver agreements with the
holders of its Series G-1 Convertible Preferred Shares on Jan. 31,
2020.  The purpose of the Waiver Agreements is to delay the "2020
Redemption" of 2,000 Series G-1 Convertible Preferred Shares from
Jan. 31, 2020 to not later than March 31, 2020.  The Waiver
Agreement also requires the Company to redeem outstanding Series
G-1 Preferred Shares on a pro-rata basis from the Series G-1
Investors as follows: (a) in the case of any financing entered into
after the effective date of the Waiver Agreement, 100% of such net
proceeds raised from the financing must be applied to the
redemption of any outstanding Series G-1 Preferred Shares, and/or
(b) in the case of any at-the-market offering conducted by the
Company after the effective date of the Waiver Agreement, 50% of
such net proceeds raised must be applied to the redemption of any
outstanding Series G-1 Preferred Shares.  The pro-rata redemption
amounts paid to the Series G-1 Investors will be calculated based
on each Series G-1 Holder's pro rata portion of the net financing
proceeds raised based on the number of Series G-1 Preferred Shares
originally issued pursuant to the Exchange Agreement entered into
by and between the Company and the Series G-1 Investors on Dec. 23,
2019, rounded down to the nearest $1,000, by paying to the Series
G-1 Holder such cash amount by wire transfer of immediately
available funds.  Once the Company has redeemed a number of Series
G-1 Preferred Shares from the Series G-1 Investors equal to each
holder's pro-rata portion of 2,000 Series G-1 Preferred Shares
(based on the number of Series G-1 Preferred Shares originally
issued pursuant to the Exchange Agreement), the Company's
obligation to redeem with financing proceeds will be deemed
satisfied.  The Waiver Agreement also amends Section 4(c) of each
of those certain warrants to purchase shares of common stock issued
by the Company to the Series G-1 Investor on Nov. 15, 2019, Dec.
13, 2019 and Dec. 23, 2019.

Additionally, the Series G-1 Investors covenant and agree that from
the effective date of the Waiver Agreement through and including
March 31, 2020 that neither the Series G-1 Investors nor any of its
Trading Affiliates (as defined in the Waiver Agreement) will
engaged in or effect, in any manner whatsoever, directly or
indirectly, any (i) "short sale" (as such term is defined in Rule
200 of Regulation SHO of the Exchange Act) of the Common Stock or
(ii) hedging transaction, which establishes a net short position
with respect to the Common Stock.

                          Warrants
  
Pursuant to the terms of the Waiver Agreement, the Company granted
the Series G-1 Investors warrants to purchase up to 2,000,000
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 G-1 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.  Additionally, on April 1, 2020, the
then applicable Exercise Price shall be reset to equal to the
lesser of (i) the then current Exercise Price and (ii) the lowest
Weighted Average Price of the Common Stock during the period
beginning on Feb. 1, 2020, inclusive, and ending on March 31, 2020,
inclusive.

Total gross proceeds to the Company, assuming full exercise of the
Warrants by payment of the exercise price in cash will be
$2,000,000.

                     About Taronis Technologies

Clearwater, Florida-based Taronis Technologies Taronis
Technologies, Inc. (TRNX) is a technology-based company that is
focused on addressing the global constraints on natural resources,
including fuel and water.  The Company's two core technology
applications -- renewable fuel gasification and water
decontamination/sterilization -- are derived from its patented and
proprietary Plasma Arc Flow System.  The Plasma Arc Flow System
works by generating a combination of electric current, heat,
ultraviolet light and ozone, that affects the feedstock run through
the system to create a chosen outcome, depending on whether the
system is in "gasification mode" or "sterilization mode".  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.


TIDE MILL: Refinancing or Sale to Give 100% Dividend to Creditors
-----------------------------------------------------------------
Tide Mill LLC, has proposed a Plan of Reorganization that will be
funded from proceeds to be received from the refinancing or sale of
the commercial real property located in Charles County, Maryland
and known as the Tide Mill Resort (the "Tide Mill Property").

In December, 2019, the Debtor received a preliminary loan
commitment from Lone Star Hard Money in the amount of $2.95
million, an amount sufficient to retire all claims in the case
while leaving the Debtor approximately $1.0 million in new funding
for continued development of the property.  The Debtor filed a
motion seeking Court authorization to incur such financing on Dec.
23, 2019 and, on Jan. 14, 2020, the Court entered an order
authorizing the Debtor to incur such financing.  

In addition, the Debtor began discussions with potential brokers
concerning the sale of the Tide Mill Property, in the event it was
unable to consummate its new loan facility.  The Debtor intends to
complete its search for a broker shortly after the filing of the
Plan.  No later than the Effective Date, the Debtor shall list the
property for sale, in the event it has not consummated a financing
facility sufficient to pay all Claims in the Bankruptcy Case.

The Plan treats claims as follows:

  * Class V: Secured Claim of LYNK Investments, LLC (First and
Second Priority Deeds of Trust – Tide Mill Property). IMPAIRED.
Total claim $1,203,357.12. The Debtor shall pay the Allowed Amount
of the Class V Claim through proceeds received from closing the
Financing Facility or, if the Debtor is unable to close the
facility, by consummating the sale of the Tide Mill Property no
later than ninety (90) days following the Effective Date.

  * Class VI: Secured Claim of Rialto Capital Advisors (Third
Priority Deed of Trust – Tide Mill Property). IMPAIRED. Total
claim $300,000. Rialto has agreed to accept payment of $100,000 in
order to satisfy its Claim against the Debtor. The Debtor shall pay
such amount through the proceeds received from closing the
Financing Facility or, if the Debtor is unable to close the
facility, by consummating the sale of the Tide Mill Property no
later than ninety (90) days following the Effective Date.

  * Class VII: Allowed Unsecured Claims. IMPAIRED.  The Debtor
believes there are three Allowed Unsecured Claims in the Bankruptcy
Case, (1) the Claim of Kabbage Business Loans in the amount of
$3,690 (Schedule F), (2) the Claim of Treffer Appraisal Group in
the amount of $1,500 (Schedule F), and (3) an Unsecured Claim in
favor of Charles County in the amount of $52. The Debtor shall pay
the Allowed Amount of the Class VII Claims within ninety (90) days
following the Effective Date from the proceeds received from
closing the Financing Facility or, if the Debtor is unable to close
the facility, from the proceeds of the sale of the property.

A full-text copy of the Disclosure Statement dated January 27,
2020, is available at https://tinyurl.com/s6hzh4k from
PacerMonitor.com at no charge.

                     About Tide Mill LLC

Tide Mill LLC is a privately held company in Bowie, Maryland,
created for developing certain commercial real property located in
Charles County, Maryland.

Tide Mill LLC filed for Chapter 11 bankruptcy (Bankr. D. Md. Case
No. 19-22014) on Sept. 9, 2019.  The Hon. Wendelin I. Lipp oversees
the case.  In its petition, the Debtor disclosed up to $50,000 in
estimated assets and $1 million to $10 million in estimated
liabilities.  The petition was signed by James Register, managing
member.

The Debtor lists Rialto Capital Advisors as its sole unsecured
creditor holding a claim of $44,604.

The Debtor is represented by:

     Augustus T. Curtis, Esq.
     COHEN, BALDINGER & GREENFELD, LLC
     2600 Tower Oaks Blvd., Suite 103
     Rockville, MD 20852
     Tel: (301) 881-8300
     Fax: (301) 881-8350
     E-mail: augie.curtis@cohenbaldinger.com


UNITI GROUP: Fitch Cuts IDR to 'CCC' & Rates Secured Notes 'B/RR1'
------------------------------------------------------------------
Fitch Ratings has downgraded Uniti Group Inc.'s (Uniti) and Uniti
Fiber Holdings, Inc.'s (Uniti Fiber) Long-Term Issuer Default
Ratings to 'CCC' from 'B'. The IDRs and debt security ratings
remain on Rating Watch Negative. In addition, Fitch has downgraded
Uniti Group L.P.'s senior secured revolver, term loan and notes to
'B'/ 'RR1' from 'BB'/'RR1', senior unsecured notes to 'CCC-'/'RR5'
from 'B-'/'RR5', and Uniti Fiber's senior unsecured 4% exchangeable
notes to 'CCC-'/'RR5' from 'B-'/'RR5'.

Fitch has also assigned a 'B'/'RR1' rating to Uniti Group L.P.'s
issuance of $2.25 billion of senior secured notes in February 2020.
The notes are on Rating Watch Negative.

The downgrade reflects the potential material adverse outcome of
the adversary proceeding filed against Uniti by Windstream
Holdings, Inc. as well as the potential for litigation to continue
over a longer time horizon than expected.

KEY RATING DRIVERS

Capital Market Uncertainty Higher: Fitch believes Windstream's
bankruptcy case has reduced Uniti's ability to access debt and
equity markets at a reasonable cost. Thus far, access is available
as shown by the current $2.25 billion senior secured note offering,
and by the June 2019 issuance of $345 million of 4% senior
unsecured exchangeable notes. Uniti has outlined its alternatives,
if necessary, to improve liquidity. As required by the amendment to
its credit facility, Uniti reduced its common dividend materially
but still within REIT-required distribution levels. If there were
disruptions in Windstream's payment under the master lease prior to
its assumption or rejection, Uniti would consider further
reductions in success-based capital spending and its dividend,
including the payment of dividends in shares if permitted.

Slight Rise in Leverage: Acquisitions in the last few years have
impacted Uniti's leverage. For 2019, Fitch expects gross leverage
to approximate 6.5x. For acquisitions completed, leverage
incorporates EBITDA only from the date of acquisition. Once the
overhang of the Windstream bankruptcy process is behind the
company, Fitch expects Uniti to finance future transactions so that
gross leverage will remain relatively stable, which should remain
in the high-5x range to approximately 6x over the longer term.

Cash Flow: If the master lease is accepted (or consensual
renegotiation completed) and approved by the judge, Fitch expects
Uniti's cash flows to be very stable, owing to the fixed nature of
long-term lease payments from Windstream, and the contractual
nature of revenue streams in Uniti's Fiber and Tower businesses.
The master lease with Windstream currently produces slightly more
than $650 million in cash revenue annually. As highlighted by
recent sale-leaseback transactions, Fitch believes similar master
lease-based transactions are possible, as are acquisitions of
communications infrastructure.

Tenant Concentration: The Windstream Holdings master lease provided
approximately 63% of Uniti's expected 2019 revenue. At the time of
the spinoff, nearly all revenue was from Windstream Holdings. In
Fitch's view, the improved diversification is a positive for the
company's credit profile; major customer verticals outside of
Windstream consist of the large wireless carriers, national cable
operators, government agencies and education.

Fitch believes the master lease is strong and necessary to
Windstream's continued operations, and thus provides protection
against a Windstream initiated rejection of the master lease in the
bankruptcy proceeding. Nevertheless, Fitch is cognizant of the risk
that rent could be renegotiated to a lower level on a mutually
economic basis as the bankruptcy case moves forward.

Importance of Leased Assets: Fitch believes Uniti's assets are
essential to Windstream Services' operations and are a priority
payment, as a default on the lease could cause Windstream Holdings
to lose control of the leased assets. In certain markets,
Windstream is a "carrier of last resort" from a regulatory
perspective, and would require permission from state public utility
commissions and the Federal Communications Commission to cease
providing service in those markets.

Uniti is currently in discussions with Windstream, and may be open
to renegotiate certain terms of the master lease, although it is
unlikely to agree to a reduction in the master lease. The company's
secured debt covenants have a maintenance covenant that prevents a
renegotiation that would cause secured leverage to be above 5.0x;
and Uniti has stated it has no intention to enter into an agreement
that will violate its debt covenants.

Windstream Claims Against Uniti: In July 2019, Windstream filed an
adversary complaint against Uniti to resolve certain ongoing
disputes. The re-characterization count is expected to be
considered in a trial slated to begin in early March in the absence
of a settlement.

Acquisitions: In 2018 and 2019 Uniti completed several
transactions, and there are no major transactions pending. The most
recent material transaction, with Macquarie Infrastructure Partners
(MIP), completed in September 2019 is expected to lead to initial
annualized rent of $20.3 million. Uniti funded the transaction with
$175 million of cash, and upfront lease payments from MIP of $144
million. A small acquisition for $6.3 million at 8.1x adjusted
EBITDA for 2019 was completed in November 2019.

Geographic Diversification: The company's geographic
diversification is solid, given Windstream Holdings' geographically
diverse operations and the expanded footprint provided by
acquisitions since the spinoff.

DERIVATION SUMMARY

As fiber-based telecommunications REIT, Uniti currently has no
direct peers. Uniti is a telecom REIT that was formed through the
spin-off of a significant portion of Windstream Services, LLC's
fiber optic and copper assets. Windstream retained the electronics
necessary to continue as a telecommunications services provider.
Fitch believes Uniti's operations are geographically diverse,
spread across more than 30 states, and the assets under the master
lease with Windstream Holdings provide adequate scale.

Other close comparable telecommunications REITs are tower companies
including American Tower (BBB/Stable), Crown Castle (BBB/Stable)
and SBA Communications (not rated). The tower companies lease space
on towers and ground space to wireless carriers and are a key part
of the wireless industry infrastructure. However, the primary
difference is that the tower companies operate on a shared
infrastructure basis (multiple tenants) whereas a substantial
portion of Uniti's revenues are derived on an exclusive basis under
sale-leaseback transactions. Uniti's leverage is higher than
American Tower or Crown Castle but lower than SBA.

In the Uniti Fiber segment, the most direct comparable company
would be Zayo Group Holdings (not rated), a company that operates
with moderately lower leverage than Uniti. While expanding
primarily through acquisitions, Uniti Fiber has relatively small
scale. The business models of Uniti Fiber and Zayo are unlike the
wireline business of communications services providers such as AT&T
(A-/Stable), Verizon (A-/Stable) or CenturyLink (BB/Stable). Uniti
Fiber and Zayo are providers of infrastructure, which may be used
by communications service providers to provide retail services
(wireless, voice, data, and internet). Increasingly, Crown Castle
is becoming a larger participant in the fiber infrastructure
business through a series of acquisitions. The large communications
services providers do self-provision, and may use a fiber
infrastructure provider to augment their networks.

Communications services providers may sell dark fiber and
connectivity services on a wholesale basis, but Fitch believes they
have more of a focus on selling retail services to consumers and
businesses, as well as solutions to business customers.

Uniti's fiber acquisitions since the spin-off are a key credit
consideration as they have reduced the concentration of revenues
and EBITDA from the Windstream Holdings master lease. While
Windstream's EBITDAR coverage of the master lease payment remains
strong, in a stress situation where the potential exists for a
renegotiation and reduction in terms (in return for certain
economic offsets by Windstream), the other sources of EBITDA
provide protection to Uniti. Customers in the fiber business
include wireless carriers, enterprises, and governments.

Fitch believes aspects of Uniti's credit profile are similar to
cases in the gaming industry where there are single tenant or
concentrated leases between operating companies (OpCos) and their
respective REITs (PropCos). Both Uniti and gaming REITs benefit
from triple net leases. Fitch believes that the PropCos are better
positioned as rents may continue uninterrupted through the tenant's
bankruptcy because such rents are an operating expense and unlikely
to be rejected as a result of the master lease structure. However,
Fitch is also cognizant that such rents could renegotiated or other
proposals could be mutually agreed to that would affect Unti's
credit profile.

KEY ASSUMPTIONS

  -- Fitch estimates Uniti's revenue grew in the mid-single digits
in 2019 primarily due to acquisitions. In 2020, Fitch expects
revenues to decline due to the full year effect of asset sales in
2019 (the sale of its Midwest fiber operations, the sale of its
towers in Latin America, the sale of the ground lease business) and
the de-emphasis or wind down of certain aspects of its construction
business, equipment sales and the consumer CLEC. In 2021 and 2022,
Fitch forecasts revenue growth in the low-single digits annually.

  -- Fitch expects EBITDA margins to be slightly over 80% as it
exits certain lower margin businesses.

  -- Fitch has not assumed a rent reduction under the Windstream
master lease, owing to the uncertainty regarding the outcome of the
bankruptcy process.

  -- Fitch has not reflected Uniti's hypothetical proposed terms
disclosed in November 2019, which included an upfront cash
consideration, funding of certain Windstream tenant capital
improvements and cash consideration for the purchase of certain
fiber assets from Windstream.

  -- Acquisitions that have been completed are included in the
forecast, there are no major acquisitions pending or included in
the forecast.

  -- Uniti will target long-term net leverage in the mid-5x range
to 6x range; Fitch expects gross leverage to be in the high-5x
range to 6x longer term. Leverage is anticipated to come down
modestly as dark fiber and small cell projects are completed and
the contracted revenues come on-line.

  -- Fitch estimates net success-based capital spending was
approximately $270 million in 2019, including integration and
maintenance capex, in line with company public net success-based
capex guidance on spending for Uniti Fiber and Uniti Towers. Fitch
expects net success-based capex to decline in 2020 as certain fiber
and small cell projects are completed.

  -- Recovery Analysis: The recovery analysis assumes that Uniti
would be considered a going concern in a bankruptcy and that the
company would be reorganized rather than liquidated. Fitch has
assumed a 10% administrative claim.

  -- Uniti's going concern EBITDA is based on Fitch's expectations
for 2020 results. The going-concern EBITDA estimate reflects
Fitch's view of a sustainable, post-reorganization EBITDA level,
upon which Fitch bases the valuation of the company. This leads to
a post-reorganization EBITDA estimate of $710 million. The reduced
EBITDA could come about by a rent reset at level whereby
Windstream's EBITDAR covers the lease payment by just over 1.6x,
and there are no immediate EBITDA generating benefits received by
Uniti in return for the reduction.

  -- Post-reorganization valuation uses a 6.0x enterprise value
multiple. The 6.0x multiple reflects the high margin, large
contractual backlog of revenues, and high asset value of the fiber
networks. Fitch uses this multiple for fiber-based infrastructure
companies, for which there have been historical transaction
multiples in the high single digit range. The multiple is in line
with the range for telecom companies published in Fitch's Telecom,
Media and Technology Bankruptcy Enterprise Values and Creditor
Recoveries report.

  -- Other communications infrastructure companies, such as tower
operators, trade at EV multiples exceeding 20x, and the major
geostationary satellite providers trade at EV multiples in the mid-
to high-single digits. The tower companies have lower asset risk
and higher growth prospects leading to multiples in excess of 20x.
Both satellite operators and tower operators have low churn as
switching costs are high for customers (to avoid service
disruptions).

  -- The revolver is assumed to be fully drawn. The recovery
analysis produces a Recovery Rating of 'RR1' for the secured debt,
reflecting strong recovery prospects (100%); the 'RR5' for the
senior unsecured debt reflects the lower recovery prospects of the
unsecured debt, given its position in the capital structure.

RATING SENSITIVITIES

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

  -- The Negative Watch could be removed if there is clarity on
Windstream's capital structure and master lease such that Uniti
will not be materially affected. An upgrade from the current level
could occur if gross debt leverage is expected to be sustained
below 6.5x, FFO-adjusted leverage is sustained below 7.0x and/or
FFO charge coverage is 2.3x or higher.

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

  -- Prolonged, uncertain access to the capital markets;

  -- Successful attempts by Windstream or other parties to
recharacterize the master lease to a financing arrangement or a
personal lease (the former could affect current payments, the
latter could require Uniti to make certain repayments to
Windstream);

  -- Gross debt leverage is expected to be sustained in the high 6x
range or higher, FFO-adjusted leverage is sustained in the low to
mid 7x range and/or FFO charge coverage is 2.0x or lower;

  -- In addition, if Windstream's rent coverage (EBITDAR -
capex)/rents approaches 1.2x, a negative rating action could occur,
but Fitch will also take into account Uniti's level of revenue and
EBITDA diversification at that time.

LIQUIDITY AND DEBT STRUCTURE

Moderate Liquidity: Uniti depends on its cash balance for
liquidity, which was $197 million at Sept. 30, 2019. Pro forma for
the refinancing and repayment of a portion of the revolver, Uniti
has virtually no availability on its $476 million revolving credit
facility (RCF, due 2022). An amendment in February 2020 increased
the margin to a range of 4.75% to 5.25%.

In June 2019, Uniti Fiber Holding issued $345 million of 4% senior
unsecured exchangeable notes in June 2019, and used a portion of
the proceeds to pay down the revolver, and to fund the exchangeable
note hedge, and to finance pending acquisitions. The notes mature
in June 2024 and the company has the option of settling the notes
in cash stock or a combination of both. The notes rank pari passu
with Uniti's senior unsecured notes.

Under the June 2019 amendment to its credit facility, a provision
was put in place limiting the payment of future cash dividends to
an amount that does not exceed 90% of REIT taxable income (without
regard to the dividends paid deduction and excluding any net
capital gains) while Windstream is in bankruptcy, or under certain
other conditions. In the 2018 tax year, the company paid
approximately $435 million in dividends, and in calendar 2019,
Fitch estimates Uniti's dividends approximated $140 million in
calendar year 2019, inclusive of a dividend in January 2019 of
approximately $110 million related to the 2019 tax year. In total,
Fitch expects Uniti to pay $180 million for the 2019 tax year
including a payment in January 2020, which is approximately 90% of
taxable REIT Income. Another provision increased the pricing on the
term loan facility to LIBOR plus 500 bps, an increase of 200 bps,
and this will be in effect through the remaining term of the
facility (Oct. 24, 2022).

Capital Spending: In 2019, Fitch estimates net capex approximated
$270 million, including integration and maintenance capex (net
capex consists of gross capex less up-front payments from
customers); gross capex in 2018 was $424 million. Certain 2018
acquisitions were included in gross capital spending.

Covenants: The principal financial covenants in the company's
credit agreement require Uniti to maintain a consolidated secured
leverage ratio of 5.0x. The company can also obtain incremental
term loan borrowings or increased commitments in an unlimited
amount as long as on a pro forma basis the consolidated secured
leverage ratio does not exceed 4x.

Maturities: Uniti's has no major maturities until 2022 when the
revolver matures (following the repayment of the term loan from the
$2.25 billion offering).

Other: Uniti had an at-the-market (ATM) common stock offering
program that allowed for the issuance of up to $250 million of
common equity to keep the capital structure in balance when funding
capex in the Tower or Fiber operating businesses as well as to
finance small transactions. However, the program was suspended
following the June 2019 expiration of its shelf registration.

REIT-required distributions reduce Uniti's FCF, although the
company has been able to reduce the dividend to relatively low
levels to maintain financial flexibility. Capital intensity varies
by business unit. In the leasing business, capital intensity is
virtually non-existent as capex is the responsibility of the
tenant. In the Fiber and Tower segments, intensity is high as the
company is in the process of completing projects in the Fiber
segment and has an ongoing build program in the Tower business.

SUMMARY OF FINANCIAL ADJUSTMENTS

Historically, Fitch gave Uniti's preferred stock 50% equity credit.
The preferred stock converted to common stock in July 2019.

ESG CONSIDERATIONS

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


UNITI GROUP: Moody's Rates New $1.75BB Senior Secured Notes 'Caa1'
------------------------------------------------------------------
Moody's Investors Service has assigned a Caa1 to Uniti Group Inc.'s
proposed $1.75 billion senior secured notes due 2025, in line with
existing senior secured debt. The net proceeds from the sale of the
Secured Notes will be used to partially repay the existing term
loan B, repay a portion of drawn revolver and for transaction fees
and expenses. All other ratings including the company's Caa2
corporate family rating and negative outlook are unchanged.

Assignments:

Issuer: Uniti Group Inc.

Senior Secured Regular Bond/Debenture, Assigned Caa1 (LGD3)

RATINGS RATIONALE

Uniti's Caa2 CFR primarily reflects the uncertainty of future cash
flows under a master lease agreement from assets the company leases
to Windstream Holdings, Inc (Windstream), parent of Windstream
Services, LLC (ratings withdrawn). Windstream has been operating
under US Chapter 11 bankruptcy protection since February 2019. The
CFR also factors in negative implications for Uniti's potential
leverage, liquidity and capital market access. Uniti has been
unsuccessful diversifying its customer exposure and continues to
derive approximately 64% of its revenue from Windstream almost one
year since that company's bankruptcy. Uniti's ability to access
growth capital to further diversify this revenue concentration
remains impaired.

Efforts to restructure this lease through mediation in a manner
beneficial to Uniti and Windstream have been unsuccessful to date.
Barring some agreement between the two companies, a scheduled March
2020 bankruptcy trial will rule on the characterization of the
lease as either a financing transaction or traditionally
enforceable lease with potential negative outcomes under both
characterizations. A trial-based outcome creates heightened
uncertainty regarding a potential reduction in lease income from
Windstream, which could result in a worsening credit profile
characterized by diminished growth capital access or an unwieldy or
untenable capital structure. However, Moody's believes Uniti likely
has a stronger bargaining position as Windstream's viability is
inextricably intertwined with these leased assets.

The degree of linkage between Uniti's credit profile and Windstream
will only meaningfully diverge when Uniti diversifies its revenue
stream such that Windstream represents less than half of Uniti's
total revenue. The rating contemplates Uniti's high leverage of
around 6.2x (Moody's adjusted, pro forma for acquisitions) and its
negative free cash flow as a result of its high dividend payout and
the capital intensity of acquired businesses. Offsetting these
limiting factors are Uniti's stable and predictable revenue and its
high margins and contractual, but currently legally contested,
terms within the master lease agreement between it and Windstream.
Uniti's acquisitions in recent years, including fiber networks and
towers, have aided nominal revenue diversification. However,
Uniti's financial policy, specifically its need to employ debt to
fund M&A, its minimum dividend required to maintain REIT status and
high leverage constrain its rating.

The ratings for the debt instruments reflect both the probability
of default of Uniti, reflected in the PDR of Caa2-PD, and
individual loss given default (LGD) assessments. Moody's rates
Uniti's senior secured credit facilities and senior secured notes
at Caa1 (LGD3), reflecting their enhanced collateral and priority
claim on assets. Uniti's senior unsecured notes are rated Ca
(LGD5), reflecting their junior position in the capital structure.

The negative outlook reflects Uniti's linked credit profile to that
of Windstream, which remains in a prolonged bankruptcy with
continued uncertainty regarding a restructuring outcome, as well as
pending litigation associated with outcomes governing Windstream's
master lease agreement with Uniti. While bankruptcy restructuring
outcomes may not result in a specific default by Uniti itself such
that Uniti's solvency continues, Moody's still believes that
potential continuation of negative results for a post-bankruptcy
Windstream will directly impact Uniti's credit profile.

An upgrade of Uniti's ratings is largely dependent upon
Windstream's post-bankruptcy credit profile. Absent the
uncertainties related to Windstream's bankruptcy, Uniti's ability
to reduce its revenue exposure to Windstream and further diversify
its revenue profile could enable a stand-alone ratings assessment
of the company less tied to Windstream's creditworthiness. Moody's
believes that such a stand-alone assessment could be warranted when
Uniti diversifies its base such that no single tenant or customer
represents a material portion of total revenue or EBITDA.

Moody's could lower Uniti's ratings if leverage were sustained
above 7.5x or if there is further negative changes in the credit
profile of Windstream.

The principal methodology used in this rating was Communications
Infrastructure Industry published in September 2017.

Uniti Group Inc., formerly Communications Sales & Leasing, Inc. is
a publicly traded, real estate investment trust (REIT) that was
spun off from Windstream Holdings, Inc. in April of 2015. The
majority of Uniti's assets are comprised of a physical distribution
network of copper, fiber optic cables, utility poles and real
estate which are under long term, exclusive master lease to
Windstream. Over time, Uniti has acquired additional fiber and
tower assets that it operates as a stand-alone carrier, serving
enterprise and communications customers.


UROLOGICAL HEALTH: Case Summary & 5 Unsecured Creditors
-------------------------------------------------------
Debtor: Urological Health Center, P.C.
        1770 Watson Boulevard
        Warner Robins, GA 31093

Business Description: Urological Health Center, P.C. is a provider
                      established in Warner Robins, Georgia
                      specializing in urology.

Chapter 11 Petition Date: February 6, 2020

Court: United States Bankruptcy Court
       Middle District of Georgia

Case No.: 20-50252

Debtor's Counsel: Wesley J. Boyer, Esq.
                  BOYER TERRY LLC
                  348 Cotton Avenue, Suite 200
                  Macon, GA 31201
                  Tel: (478) 742-6481
                  E-mail: Wes@BoyerTerry.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Angela Fussell, managing member.

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

                     https://is.gd/IDlC5m


US-CHINA PROFESSIONAL: Cash, Equity Infusion to Fund 100% Plan
--------------------------------------------------------------
IJS- China Professional Tours, Inc., has filed a small business
plan and disclosure statement.

For years, the Debtor operated as a travel and tour operator in the
U.S.  The Debtor suspended operations pending resolution of the
Fort Bend County litigation.  The Debtor seeks to resolve its
liabilities, if any, associated with the state court litigation so
that it can resume normal business operations and regain control
over its assets that are held wrongfully by third parties.



Holders of general unsecured claims are IMPAIRED.  The Debtor's
Plan proposes to pay holders of allowed non-priority unsecured
claims from "net available cash" on the later of 180 days after the
Effective Date of the Plan or on the date which all such claims are
allowed by a final non-appealable order.   General unsecured claims
include a $1,000 scheduled cliam for Anderson Cunningham PC, and
timely filed claims by the Bar Date on Dec. 11, 2019 which
include:

   1. Fort Bend County:  $6,854
   2. Fort Bend ISD:     $1,515
   3. Fort Bend MUD:       $606

Holders of equity interests in the Debtor will receive their pro-
rata share of net available cash only after payment in full of
claims described in Article 3 of the Plan and payment in full of
any Class 1 and 2 claims. Absent payment in full of such, the
equity interests of the Debtor are cancelled.

Payments and distributions under the Plan will be funded from cash
on hand and an equity infusion to the extent of any shortfall in
funds needed to pay all holders of allowed claims 100%.

A full-text copy of the Disclosure Statement dated January 29,
2020, is available at https://tinyurl.com/w9g5amg from
PacerMonitor.com at no charge.

                About US-China Professional Tours

US-China Professional Tours, Inc., a travel and tour operator,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Case No. 19-34218) on Aug. 1, 2019.  At the time of the
filing, the Debtor had estimated assets of less than $50,000 and
liabilities of less than $50,000.  The case is assigned to Judge
Eduardo V. Rodriguez.


VESTAVIA HILLS: Seeks to Hire Campbell Partners as Special Counsel
------------------------------------------------------------------
Vestavia Hills, Ltd. seeks approval from the U.S. Bankruptcy Court
for the Southern District of California to hire Campbell Partners,
APC as its special counsel.

Campbell Partners will represent the Debtor in matters involving
Wells Fargo and Commonwealth.  Its role will be limited to the
claims of Wells Fargo and Commonwealth in the Debtor's Chapter 11
case.

The firm will be paid at these rates:

     Andrew Campbell      Senior Partner   $525
     Andrew Campbell      Partner          $375
     Cason Kirby          Partner          $375
     J. Harrison Hagood   Partner          $375
     Yawanna McDonald     Partner          $375
     Sarah Beth Sanders   Associate        $300
     Susan Carew          Paralegal        $185
     Law Clerk            Law Clerk        $130

Andy Campbell, managing partner at Campbell Partners, disclosed in
court filings that the firm neither holds nor represents any
interest adverse to the Debtor's bankruptcy estate.

                       About Vestavia Hills

Vestavia Hills, Ltd., which conducts business under the name Mount
Royal Towers, operates a continuing care retirement community and
assisted living facility for the elderly  in Vestavia Hills, Ala.
It offers individualized senior living options for a convenient
community lifestyle and provides personalized nursing care.

Vestavia Hills sought Chapter 11 protection (Bankr. S.D. Cal. Case
No. 20-00018-11) on Jan. 3, 2020.  The Debtor disclosed $18,531,957
in assets and $29,742,790 in liabilities as of the bankruptcy
filing.  Judge Louise Decarl Adler oversees the case.  Sullivan
Hill Rez & Engel is the Debtor's legal counsel.


VIA AIRLINES: Taps Garofalo Goerlich as Special Counsel
-------------------------------------------------------
Via Airlines, Inc., received approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Garofalo Goerlich
Hainbach PC as its special counsel.

Garofalo will represent the Debtor in aviation regulatory matters
related to the Debtor's Chapter 11 case.

The firm will be paid at these rates:

     Attorney     $600 per hour
     Paralegals   $200 per hour

The retainer fee is $17,500.

Garofalo does not represent any interest adverse to the Debtor,
according to court filings.

The firm can be reached through:

     Jason E. Maddux, Esq.
     Garofalo Goerlich Hainbach PC
     1200 New Hampshire Ave NW, Suite 590
     Washington, DC 20036
     Tel: 202-776-3970/202-776-3979
     Fax: 202-776-3975
     Email: jmaddux@ggh-airlaw.com
            mail@ggh-airlaw.com

                       About Via Airlines

Via Airlines, Inc., is a domestic regional airline offering
scheduled service across the United States.

Via Airlines sought Chapter 11 protection (Bankr. M.D. Fla. Case
No. 19-06589) on Oct. 8, 2019.  The Debtor was estimated to have
$10 million to $50 million in assets and liabilities as of the
bankruptcy filing.  Judge Karen S. Jennemann oversees the case.
Latham, Luna, Eden & Beaudine, LLP, is the Debtor's legal counsel.


WATERLOO AFFORDABLE: Gets Approval to Hire Bankruptcy Attorney
--------------------------------------------------------------
Waterloo Affordable Housing, LLC, received approval from the U.S.
Bankruptcy Court for the District of Nebraska to hire Robert Ginn,
Esq., as its bankruptcy attorney.
   
Mr. Ginn will provide services in connection with the Debtor's
Chapter 11 case, which include legal advice regarding its powers
and duties under the Bankruptcy Code and the preparation of a
reorganization plan.

The Debtor will pay the attorney an hourly fee of $300.

Mr. Ginn does not represent any interest adverse to the Debtor and
its bankruptcy estate, according to court filings.

Mr. Ginn maintains an office at:

     Robert Vaughan Ginn, Esq.
     1337 South 101 Street, #209
     Omaha, NE 68124
     Tel: 402-398-5434
     Email: rvginn@cox.net

                 About Waterloo Affordable Housing

Waterloo Affordable Housing, LLC, a lessor of real estate in Omaha,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Neb. Case No. 19-81610) on Oct. 30, 2019.  At the time of the
filing, the Debtor disclosed assets of between $1 million and $10
million and liabilities of the same range.  Judge Thomas L.
Saladino oversees the case.  Robert Vaughan Ginn, Esq, is the
Debtor's bankruptcy attorney.


WOODCREST ACE: March 31 Plan Confirmation Hearing Set
-----------------------------------------------------
Debtors Woodcrest Ace Hardware, Inc., Wildomar Ace Hardware, Inc.,
Riverside Ace Hardware, Inc., 9Fingers, Inc., and P&P Hardware,
Inc. filed a motion for an order approving their Joint Disclosure
Statement.

On January 16, 2020, Judge Mark Houle ordered that:

   * The motion is granted.

   * The First Amended Disclosure Statement filed Jan. 13, 2020, is
approved.

   * March 31, 2020, at 2:00 p.m., in Courtroom 303, of the United
States Bankruptcy Court, Central District of California, Riverside
Division, located at 3420 Twelfth Street, Riverside, CA 92501 is
the Confirmation Hearing for approval of Debtors' First Amended
Plan of Reorganization.

   * Jan. 27, 2020, is the deadline for the Debtors to serve the
First Amended Disclosure Statement, the First Amended Plan of
Reorganization, the Ballot for voting on the First Amended Plan of
Reorganization, the Notice of Hearing for the Confirmation Hearing,
and a copy of this Order on all Creditors and Interested Parties.

   * March 13, 2020, is the deadline to file and serve any
objection to Confirmation.

   * March 20, 2020, is the deadline for the Debtors to file and
serve any reply in support of Confirmation.

A full-text copy of the Order dated Jan. 16, 2020, is available at
https://tinyurl.com/r7q2ev3 from PacerMonitor.com at no charge.

The Debtors are represented by:

       Robert B. Rosenstein
       J. Luke Hendrix
       ROSENSTEIN & ASSOCIATES
       28600 Mercedes Street, Suite 100
       Temecula, California 92590
       Telephone: (951) 296-3888
       Facsimile: (951) 296-3889
       E-mail: robert@thetemeculalawfirm.com
               luke@thetemeculalawfirm.com

                 About Woodcrest Ace Hardware
  
Based in Riverside, California, Woodcrest Ace Hardware Inc. filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
C.D. Cal. Case No. 19-13127) on April 12, 2019.  In the petition
signed by Paul Douglas Shanabarger, president, the Debtor was
estimated to have $1 million in both assets and liabilities.
Rosenstein & Associates, led by Robert B. Rosenstein, is the
Debtor's counsel.


ZAYP GROUP: Moody's Gives B2 CFR Amid LBO Deal, Outlook Stable
--------------------------------------------------------------
Moody's Investors Service has assigned a B2 corporate family rating
and B2-PD probability of default rating to the end state capital
structure of Zayo Group Holdings, Inc. (Zayo Parent) following its
leveraged buyout acquisition (LBO transaction) by EQT
Infrastructure IV (EQT) and Digital Colony Acquisitions, LLC
(Digital Colony). Moody's has assigned B1 ratings to Zayo Parent's
first lien credit facilities, including the revolver and USD and
Eurodollar term loans, and first lien secured notes, and a Caa1
rating to its senior unsecured notes. The ratings outlook for Zayo
Parent is stable.

EQT and Digital Colony will raise debt to finance their $14.9
billion acquisition of the now publicly owned Zayo Parent, parent
of Zayo Group, LLC (Zayo, B2 stable). Zayo Parent plans to raise
$8.9 billion of new debt obligations, including a $750 million
first lien revolving credit facility (undrawn at close), a $4.2
billion USD seven year first lien term loan, an $825 million
Eurodollar seven year first lien term loan, $1.0 billion of seven
year first lien secured notes, and $2.1 billion of eight year
senior unsecured notes. In addition to this debt financing the
Sponsors' led consortium's significant new equity commitment of
$6.5 billion will represent a solid 44% of the pro forma capital
structure. Existing debt totaling $5.9 billion (as of September 30,
2019) at Zayo will be repaid upon close of the LBO transaction,
which Moody's expects to occur during the first quarter of calendar
year 2020.

Upon close of EQT and Digital Colony's proposed acquisition of Zayo
Parent via a temporarily created merger entity, Front Range BidCo
Inc., Zayo's B2 CFR and other ratings are expected to be withdrawn.
The ratings assigned to Zayo Parent reflect Moody's view of the end
state capital structure of Zayo following the acquisition of its
parent, Zayo Parent, by the Sponsors.

Assignments:

Issuer: Zayo Group Holdings, Inc.

Probability of Default Rating, Assigned B2-PD

Corporate Family Rating, Assigned B2

Senior Secured Bank Credit Facility, Assigned B1 (LGD3)

Senior Unsecured Regular Bond/Debenture, Assigned Caa1 (LGD5)

Outlook Actions:

Issuer: Zayo Group Holdings, Inc.

Outlook, Assigned Stable

RATINGS RATIONALE

Zayo Parent's B2 CFR, based on Zayo's end state capital structure
following the LBO transaction, reflects Zayo's stable base of
contracted recurring revenue and valuable fiber optic network
assets which comprise the majority of the company's revenue and
EBITDA. The company has a strong competitive position due to the
extensive reach of its metro, regional and long distance networks
which span both North America and Europe. Zayo's addressable end
markets continue to grow with customers' increasing bandwidth
needs, which is driven, in part, by wireless network densification
and cloud services adoption by enterprises, and future bandwidth
needs of 5G network deployments and potential associated emerging
technologies, products and services.

Zayo Parent is constrained by the elevated leverage of Zayo's end
state capital structure of around 6.4x (Moody's estimate for fiscal
year-end 2020, ending June 30, 2020, and including Moody's standard
adjustments) which will be above pre-LBO transaction levels of 5.2x
as of fiscal year-end 2019. Moody's does not expect sustained
leverage above 6.0x post the LBO transaction. The company's credit
profile remains pressured by weak revenue growth, heavy capital
investment requirements and a relatively high churn rate, all of
which depress free cash flow generation. The potential for net
install growth traction in Zayo's core Networks segment and
improved capital efficiency can offset some of the negative
pressure from high churn. The company's plan to focus on short
payback, success-based capital investments to win enterprise
business on or near existing network infrastructure could lessen
capital intensity and improve free cash flow sustainability over
time. Moody's believes as a private entity Zayo will be more likely
to pursue prudent monetization efforts of businesses and assets
deemed non-core to better capture the growth potential of its
Networks segment.

Moody's expects Zayo Parent will have good liquidity over the 12
months following the LBO transaction. The company is expected to
generate modest free cash flow given its capital intensity levels.
Should capital intensity return to Zayo's historically high levels,
free cash flow could become constrained but should lead to higher
EBITDA over time. Moody's expects Zayo Parent to have around $150
million in cash and full availability under its new $750 million
secured revolving credit facility.

The instrument ratings reflect both the probability of default of
Zayo Parent, as reflected in the B2-PD probability of default
rating, an average expected family recovery rate of 50% at default
given the mix secured and unsecured debt in the capital structure,
and the loss given default (LGD) assessment of the debt instruments
in the capital structure based on a priority of claims. The senior
secured credit facilities, which include the company's first lien
revolver and USD and Eurodollar term loans, and first lien secured
notes are rated B1 (LGD3), one notch above the B2 CFR given the
loss absorption from the senior unsecured notes. The senior
unsecured notes are rated Caa1 (LGD5), two notches below the CFR,
reflecting their junior rank within the capital structure.

Zayo Parent's stable outlook reflects Moody's view that Zayo will
continue its EBITDA growth such that leverage trends lower and free
cash flow remains positive, as well as maintain its competitive
positioning in the end markets in which it operates. Moody's
expects Zayo's end state capital structure following the LBO
transaction will result in leverage (Moody's adjusted) near 6.4x
and that leverage will trend below 6x by fiscal year-end 2021,
ending June 30, 2021.

Moody's could upgrade Zayo Parent's B2 rating reflecting Zayo's
post-LBO transaction close if end state leverage is sustained below
4.5x and free cash flow/debt is sustained around 10%, both on a
Moody's adjusted basis. The rating could be downgraded if end state
leverage is sustained above 6x (Moody's adjusted) or if liquidity
deteriorates or if capital intensity increases such that Zayo is
unable to generate sustainable positive free cash flow.

The revolving credit facility is subject to a springing maximum
first lien net leverage test of the greater of 7.0x or 35% cushion
to the most recent four quarters, with respect to the revolving
credit facility only, which will be tested if borrowings exceed 35%
of total revolver availability. The first lien credit facility is
expected to contain covenant flexibility for transactions that
could adversely affect creditors.

Headquartered in Boulder, Colorado, Zayo Group Holdings, Inc. (Zayo
Parent) is a leading global provider of bandwidth infrastructure,
with significant network in the US, Canada and Europe. Zayo's
products and offerings enable high-bandwidth applications, such as
cloud-based computing, video, mobile, social media,
machine-to-machine connectivity, and other bandwidth-intensive
applications. The company's over 8,000 customers include wireless
and wireline carriers, media and content companies and finance,
healthcare and other large enterprises. Zayo Parent's 133,000-mile
global network includes over 400 metro markets and connectivity to
over 35,000 buildings and over 1,200 data centers. In addition to
its high-capacity dark and lit fiber solutions, wavelength,
ethernet, IP transit, WAN and other connectivity solutions, Zayo
Parent also offers colocation and cloud infrastructure in its 44
carrier-neutral data centers, as well as data and voice solutions
to small and medium-sized businesses through its Allstream
segment.

The principal methodology used in these ratings was Communications
Infrastructure Industry published in September 2017.


                            *********

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.
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public debt and equity securities about which we report.

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                            *********

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