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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

              Wednesday, April 20, 2022, Vol. 26, No. 109

                            Headlines

1320 43RD STREET: Case Summary & Two Unsecured Creditors
201 DERMATOLOGY: Files for Chapter 11 Bankruptcy Protection
424 GROUP: Seeks Approval to Hire Stephen Coats as Accountant
6855 JIMMY CARTER: Taps Portnoy Garner & Nail as Bankruptcy Counsel
7 DOLLARS & UP: April 25 Deadline Set for Panel Questionnaires

AMADEUS THERAPY: Taps Horne Slaton & Roebuck as Litigation Counsel
ANDREW'S GARDENS: Seeks to Hire Lynch Law as Bankruptcy Counsel
BERNSTEIN FAMILY: Involuntary Chapter 11 Case Summary
BERRY GLOBAL: Fitch Affirms 'BB+' LongTerm IDR, Outlook Stable
BLACK RAIN: Seeks to Hire Peter Spindel as Bankruptcy Counsel

BLUELINE TACTICAL: April 28 Deadline Set for Panel Questionnaires
BLUEPRINT INVESTMENT: Gets OK to Tap Cohen & Cohen as Legal Counsel
BOY SCOUTS: Wraps Month-Long Trial on $2.7-Bil. Plan
BUYK CORP: Trustee Balks at Chapter 11 Key Worker Bonus Plans
C & B CONVENIENCE: Gets Interim OK to Hire Ascendant as Counsel

CAMIERDA 1 LLC: Seeks Bankruptcy Protection
CITIUS PHARMACEUTICALS: Realigns Key Management Positions
CLH INVESTMENT: Gets OK to Hire HY2 Tax as Accountant
COMPREHENSIVE CENTER: April 21 Deadline Set for Panel Questionnaire
CPG INTERNATIONAL: Moody's Rates New First Lien Term Loan 'B1'

CPG INTERNATIONAL: S&P Upgrades ICR to 'BB-', Outlook Stable
CRYPTO CO: Secures $220K in Funding From Efrat Investments
DEE'S PLACE: Gets OK to Hire Bach Law Offices as Bankruptcy Counsel
ECTOR COUNTY ENERGY: Chapter 11 Plans Has No Obvious Purpose
ECTOR COUNTY: NRG Energy Skeptic About Bankruptcy Filing

FORESIGHT ACQUISITIONS: Unsecureds to Get Nothing in Plan
FORGE REALTY: Seeks to Hire Rosenberg, Musso & Weiner as Counsel
FSO JONES: Evan Park Howell III Represents Union Entities
FSO JONES: Taps Heller Draper & Horn as Co-Counsel
GARDEN VIEW: Taps Florida Advanced Properties as Property Manager

GREENVILLE CASUALTY: A.M. Best Affirms B(Fair) Fin. Strength Rating
GULF COAST HEALTH: Says It Needs 3rd-Party Releases in Ch. 11 Plan
HEMANI HOSPITALITY: Seeks Approval to Hire P&P as Accountant
HOME ENERGY: Seeks to Tap Van Horn Law Group as Bankruptcy Counsel
HOUSTON HOUSING: Fitch Cuts on 2018A Housing Bonds to BB-

INTEGRITY CONSTRUCTION: Taps Vortman & Feinstein as Legal Counsel
ITURRINO AND ASSOCIATES: Case Summary & Three Unsecured Creditors
JEFFERSON-11TH STREET: Seeks to Hire Blumenthal as Special Counsel
JEFFERSON-11TH STREET: Seeks to Tap The Zupancic Group as Realtor
JEWEL SUNSET: Unsecureds' Recovery Hiked to 3.31% in Plan

LANAI LAND: Seeks Approval to Hire Petroleum Geologist
LAUREL APPAREL: Boyish Jeans Files for Chapter 11 Bankruptcy
LEAR CAPITAL: Taps BMC Group as Administrative Agent
LIFE CARE: Fitch Affirms BB+ Rating on $84MM 2021A Revenue Bonds
LIMETREE BAY: Unsecureds Will Get 0% to 2% in Liquidating Plan

LITTLETON MAIN: Taps Newmark Valuation & Advisory as Appraiser
LOGISTICS GIVING: Unsecureds Will Get 100% in Subchapter V Plan
MARINER WEALTH: First Lien Loan Upsize No Impact on Moody's B1 CFR
MENDEZ ENTERPRISES: Case Summary & 10 Unsecured Creditors
MINESEN COMPANY: Gets OK to Tap Keith M. Kiuchi as Special Counsel

MOTORMAX FINANCIAL: Trustee Seeks to Hire Special Counsel
MPLX LP: Fitch Affirms BB+ Rating on Series A/B Preferred Units
NB HOTELS DALLAS: Case Summary & 20 Largest Unsecured Creditors
NEOVASC INC: Grant Thornton (Canada) Resigns as Accountant
NEXT REALTY: Gets Interim OK to Hire Ascendant as Legal Counsel

NORTHWEST SENIOR: Edgemere Files for Chapter 11 With $112M Debt
O & A ENTERPRISES: Seeks Approval to Hire Forensic Investigator
ONE AND ONE: U.S. Trustee Solicits Unsecured Committee Members
OUTCOMES GROUP: S&P Rates New $170MM Non-Fungible Add-Ons 'B'
PALMETTO SURETY: A.M. Best Assigns B(Fair) Fin. Strength Rating

RECESS HOLDINGS: Moody's Raises CFR to B2, Outlook Stable
RETROTOPE INC: Survives Shareholders Move to Toss Chapter 11 Case
RIVERSIDE MILITARY: Fitch Cuts Rating on 2017 Bonds to BB-
ROCKDALE MARCELLUS: Gets Court OK to Wind Down in Bankruptcy
SCHERTZ AERIAL: Taps Pioletti Pioletti & Nichols as Special Counsel

SCOTTSDALE PHYSICIANS: Case Summary & 20 Top Unsecured Creditors
SERVICE PROPERTIES: S&P Affirms 'B+' ICR, Outlook Negative
SKY INN OPERATION: Taps Kell C. Mercer as Co-Counsel
SOUTHGATE TOWN: Taps Thomas and Associates as Special Counsel
SUSGLOBAL ENERGY: Incurs $4.9 Million Net Loss in 2021

SWISSBAKERS INC: Seeks to Tap Brown Rudnick as Real Estate Counsel
TILDEN MARCELLUS: Committee Taps Dentons Cohen as Local Counsel
TILDEN MARCELLUS: Committee Taps DLA Piper as Bankruptcy Counsel
VICI PROPERTIES: Moody's Rates New Senior Unsecured Notes 'Ba1'
VIDEO RIVER: Posts $2.2 Million Net Income in 2021

WESTPORT HOLDINGS: Liquidating Trustee Taps Bush Ross as Counsel
ZEN RESTORATION: Case Summary & 13 Unsecured Creditors
ZOHAR FUNDS: Tilton Denied Stay for $1B Claim Subordination Appeal

                            *********

1320 43RD STREET: Case Summary & Two Unsecured Creditors
--------------------------------------------------------
Debtor: 1320 43rd Street Realty LLC
        171 47th Street
        Brooklyn, NY 11232

Business Description: 1320 43rd Street Realty is primarily engaged
                      in renting and leasing real estate
                      properties.  The Debtor owns a real property

                      located at 1318-1320 43rd Street, Brooklyn,
                      NY having a fair market value of $4.5
                      million.

Chapter 11 Petition Date: April 19, 2022

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 22-40810

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: Scott S. Markowitz, Esq.
                  TARTER KRINSKY & DROGIN LLP
                  1350 Broadway
                  11th Floor
                  New York, NY 10018
                  Tel: (212) 216-8000
                  Fax: (212) 216-8001
                  Email: smarkowitz@tarterkrinsky.com

Total Assets: $5,785,466

Total Liabilities: $25,496

The petition was signed by Zalmen Reisz as managing member.

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

https://www.pacermonitor.com/view/H3HZUTI/1320_43rd_Street_Realty_LLC__nyebke-22-40810__0001.0.pdf?mcid=tGE4TAMA


201 DERMATOLOGY: Files for Chapter 11 Bankruptcy Protection
-----------------------------------------------------------
Health care company 201 Dermatology LLC, d/b/a Dr Devs Medspa,
filed for chapter 11 protection in the District of New Jersey.

201 Dermatology is a single member LLC and is engaged in the
skincare business such that it provides botox injections, fillers
and laser hair removal, out of leased premises located at One
Garden State Plaza, in Paramus, New Jersey.  Dr. Baldev Sandhu,
M.D., a managing member and 100% interest holder, is a medical
doctor and only person providing diagnostic services for the
Debtor.

As of the Petition Date, the Debtor had assets of $41,000 and
liabilities of $278,000.  The estimated monthly income for the
month of April is between $22,000 and $25,000.

According to a court filing, 201 Dermatology estimates between 1
and 49 unsecured creditors.  The petition states that funds will be
available to unsecured creditors.

A telephonic meeting of creditors under 11 U.S.C. Sec. 341(a) is
scheduled on May 18, 2022 at 11:00 AM at Telephonic.

                  About 201 Dermatology LLC

201 Dermatology LLC -- https://devsmedspa.com/ -- doing business as
Dr Devs Medspa, is a health care company that provides full service
spa and medical services like coolscuulp, liposuction, skin
tightening and many more.

201 Dermatology filed for chapter 11 protection (Bankr. D.N.J. Case
No. 22-12848) on April 7, 2022.  In the petition filed by Dr.
Baldev Sandhu M.D., as managing member, 201 Dermatology estimated
assets between $0 and $50,000 and estimated liabilities between
$100,000 and $500,000.

The case is assigned to Honorable Judge Stacey L. Meisel.

Todd S Cushner, of Cushner & Associates, P.C., is the Debtor's
counsel.


424 GROUP: Seeks Approval to Hire Stephen Coats as Accountant
-------------------------------------------------------------
424 Group, Inc. seeks approval from the U.S. Bankruptcy Court for
the Central District of California to employ Stephen Coats, an
accountant practicing in Mill Valley, Calif.

The Debtor needs an accountant to provide bookkeeping, accounting
and tax preparation services.

Mr. Coats will receive a monthly payment of $1,500, plus
reimbursement of out-of-pocket expenses incurred.

Mr. Coats disclosed in a court filing that he is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The accountant can be reached at:

     Stephen M. Coats
     775 East Blithedale PMB542
     Mill Valley, CA 94941
     Telephone: (415) 388-5370
     Facsimile: (415) 388-5149
     Email: stephencoats@aol.com

                          About 424 Group

424 Group, Inc., a Los Angeles-based company that owns and operates
a clothing store, filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 21-19407) on
Dec. 23, 2021, listing as much as $10 million in both assets and
liabilities. Gregory Kent Jones serves as the Subchapter V
trustee.

Judge Sandra R. Klein oversees the case.

The Debtor tapped Weintraub & Selth, APC as bankruptcy counsel;
Bellizio + Igel, PLLC, Chapman Law Group, A.P.C., and Spheriens
Avvocati as special counsels; and Stephen Coats as accountant.


6855 JIMMY CARTER: Taps Portnoy Garner & Nail as Bankruptcy Counsel
-------------------------------------------------------------------
6855 Jimmy Carter Blvd, LLC received approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ
Portnoy, Garner & Nail, LLC to serve as legal counsel in its
Chapter 11 case.

The firm will charge $400 per hour for attorney's services and $150
per hour for paralegal services. It will also seek reimbursement
for out-of-pocket expenses.

The firm received a retainer of $18,000 from the Debtor.

Garrett Nail, Esq., a partner at Portnoy, Garner & Nail, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Garrett A. Nail, Esq.
     Portnoy, Garner & Nail, LLC
     3350 Riverwood Pkwy Suite 460
     Atlanta, GA 30339
     Tel: (404) 688-8800/(678) 385-9712
     Email: gnail@pgnlaw.com

                    About 6855 Jimmy Carter Blvd

6855 Jimmy Carter Blvd, LLC, a company in Nocross, Ga., filed its
voluntary petition for Chapter 11 protection (Bankr. N.D. Ga. Case
No. 22-51652) on Feb. 28, 2022, listing as much as $10 million in
both assets and liabilities. Jerome Lee, member of 6855 Jimmy
Carter, signed the petition.

Judge Paul Baisier oversees the case.

Garrett A. Nail, Esq., at Portnoy, Garner & Nail, LLC and The Robl
Group, LLC serve as the Debtor's bankruptcy counsel and conflicts
counsel, respectively.


7 DOLLARS & UP: April 25 Deadline Set for Panel Questionnaires
--------------------------------------------------------------
The United States Trustee is soliciting members for committee of
unsecured creditors in the bankruptcy case of 7 Dollars & Up
Clothing Inc..

If a party wishes to be considered for membership on any official
committee that is appointed, it must complete a questionnaire
available at https://bit.ly/3vwS91C and return by email it to
USTPRegion02.NYECF@usdoj.gov at the Office of the United States
Trustee so that it is received no later than 12:00 p.m., on April
25, 2022.

If the U.S. Trustee receives sufficient creditor interest in the
solicitation, it may schedule a meeting or telephone conference for
the purpose of forming a committee.

                About 7 Dollars & Up

7 Dollars & Up Clothing Inc. filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 22-10441) on April 8, 2022.  In the
petition filed by Ramin Gidania, as president, 7 Dollars & Up
Clothing Inc. listed estimated assets between $50,000 and $100,000
and estimated liabilities between $100,000 and $500,000.  Bruce
Weiner, Esq. of Rosenberg Musso & Weiner, LLP, represents the
Debtor.


AMADEUS THERAPY: Taps Horne Slaton & Roebuck as Litigation Counsel
------------------------------------------------------------------
Amadeus Therapy, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Arizona to employ Thomas Horne, Esq., an
attorney at Horne Slaton & Roebuck PLLC, as its special counsel.

The Debtor requires a special counsel to provide legal services in
a litigation to object the Class 6 claim of Horizon Real Estate
Group, Inc.

Mr. Horne will be paid at his hourly rate of $525.

As disclosed in court filings, Mr. Horne is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Thomas Horne, Esq.
     Horne Slaton & Roebuck, PLLC
     6720 N. Scottsdale Road, Suite 285
     Scottsdale, AZ 85253
     Telephone: (480) 483-2178
     Facsimile: (480) 367-0691

                       About Amadeus Therapy

Amadeus Therapy, Inc. is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)). It owns real properties
worth $1.77 million in Avondale, Ariz.

Amadeus Therapy filed its voluntary petition for Chapter 11
protection (Bankr. D. Ariz. Case No. 21-08245) on Nov. 4, 2021,
listing $1.775 million in assets and $1.205 million in liabilities.
Bridget O'Brien, president and director, signed the petition.

Judge Brenda K. Martin oversees the case.

The Debtor tapped Harold E. Campbell, Esq., at the Law Offices of
Harold E. Campbell, PC as bankruptcy counsel and Thomas Horne,
Esq., at Horne Slaton & Roebuck, PLLC as special counsel.


ANDREW'S GARDENS: Seeks to Hire Lynch Law as Bankruptcy Counsel
---------------------------------------------------------------
Andrew's Gardens, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Illinois to employ Lynch Law,
LLC as its bankruptcy counsel.

The firm will render these legal services:

     (a) advise the Debtor regarding its powers and duties;

     (b) prepare all necessary pleadings, orders and reports with
respect to the Debtor's Chapter 11 proceeding; and

     (c) do the necessary legal work regarding approval of the
disclosure statement and Chapter 11 plan.

Lynch Law received an advance retainer of $12,000 from the Debtor.

John Lynch, Esq., an attorney at Lynch Law, will be paid at his
hourly rate of $495.

Mr. Lynch disclosed in a court filing that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     John J. Lynch, Esq.
     Lynch Law, LLC
     101 N. Washington Avenue
     Naperville, IL 60540
     Telephone: (630) 960-4700
     Email: JLynch@Lynch4Law.com

                      About Andrew's Gardens

Andrew's Gardens, Inc., a retail sales business for flower sales in
Wheaton, Ill., filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. N.D. Ill. Case No. 22-01249) on Feb. 3,
2022, listing up to $50,000 in assets and up to $500,000 in
liabilities. Neema T. Varghese serves as Subchapter V trustee.

Judge A. Benjamin Goldgar oversees the case.

John Lynch, Esq., at Lynch Law, LLC is the Debtor's legal counsel.


BERNSTEIN FAMILY: Involuntary Chapter 11 Case Summary
-----------------------------------------------------
Alleged Debtor:         Bernstein Family Realty, LLC
                        2753 NW 34th Street
                        Boca Raton, FL 33434

Involuntary Chapter
11 Petition Date:       April 19, 2022

Court:                  United States Bankruptcy Court
                        Southern District of Florida

Case No.:               22-13009

Judge:                  Hon. Erik P. Kimball

Petitioners' Counsel:   Pro Se

A full-text copy of the Involuntary Petition is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/RCWDZ3Y/Bernstein_Family_Realty_LLC__flsbke-22-13009__0001.0.pdf?mcid=tGE4TAMA

Alleged creditors who signed the petition:

Petitioner                         Nature of Claim   Claim Amount
----------                         ---------------   ------------
Joshua Bernstein                                          $77,411
2753 NW 34th Street
Boca Raton, FL 33434

Jacob Bernstein                                           $77,411
2753 NW 34th Street
Boca Raton, FL 33434

Daniel Bernstein                                          $77,411
2753 NW 34th Street
Boca Raton, FL 33434


BERRY GLOBAL: Fitch Affirms 'BB+' LongTerm IDR, Outlook Stable
--------------------------------------------------------------
Fitch Ratings has affirmed Berry Global Group, Inc.'s and Berry
Global, Inc.'s 'BB+' Long-Term Issuer Default Rating (IDR). In
addition, Fitch has affirmed the issue-level ratings of Berry
Global Inc.'s first lien ABL revolver at 'BBB-'/'RR1', first lien
term loans and notes at 'BBB-'/'RR2' and second lien notes at
'BB+'/'RR4'. The Rating Outlook is Stable.

The ratings reflect Berry's significant but manageable leverage
following its debt-funded acquisition of RPC in mid-2019, as well
as the significant size and scale of the company, which positions
Berry among the largest packaging companies globally. Fitch
believes that Berry's robust and consistent free cash flow
generation will continue to support management's leverage targeting
strategy. The stable outlook reflects Fitch's expectation that the
company will balance its organic growth approach and employ a
capital allocation strategy which prioritizes balance sheet
management.

KEY RATING DRIVERS

Sub-4x Net Leverage: Berry's leverage has stabilized following its
2019 $6.5 billion debt-funded acquisition of RPC Group, PLC (RPC).
Since that transaction, Berry has repaid roughly $2.5 billion in
net debt, resulting in FYE21 total debt/EBITDA of approximately
4.3x (3.8x net), which is now within the company's sub-4.0x net
leverage target. Fitch's base case forecasts that credit metrics
will slip slightly during 2022 reflecting compressed EBITDA margins
generated by the lag in passing through some materials costs, but
that the company will operate within its target range throughout
the forecast period.

Berry retains significant deleveraging capacity during the forecast
period, of approximately 0.5x per year, although actual
deleveraging will be driven by the prioritization, by management,
of debt repayment above shareholder returns.

Berry announced in February 2022 a new $1 billion share repurchase
program, which likely signals a more active shareholder return
focus than historically. Berry has paid no dividends and made
minimal use of share repurchases over the past several years as it
focused on larger acquisitions and deleveraging. Fitch believes
that shareholder returns will play more prominently in management's
priority going forward.

Significant Scale, Diversification and Market Position: Following
the acquisition of RPC in 2019, Berry consolidated its position as
a leading global plastic packaging company with significant scale
and geographic diversification. Annual sales of $14 billion span
North America (50%), Western Europe (35%) and Emerging Markets
(15%). Products are sold into various complementary end-markets,
including consumer packaging, health hygiene and specialties, and
engineered materials.

Berry has the number one market position in plastic packaging sales
in both North America and EMEA, with average customer relationships
of more than 20 years across top 10 customers. Berry's business
profile is characterized by low customer concentration with no
single customer representing more than 5% of sales and respective
top 10 customers accounting for less than 15% of sales.
Additionally, approximately 70% of Berry's portfolio is oriented
toward consumer non-discretionary products such as food and
beverage and home, health and personal care, which Fitch believes
will perform defensively even in adverse economic scenarios.

Inflation Resilience: Berry's high exposure to rising input prices,
particularly plastics resins, is mitigated by a number of factors.
Resins compromise approximately 50% of Berry's costs, and about 70%
of resin volumes sold are on contractual pass through, limiting the
risk of raw material inflation pressuring margins outside of the
short-term. Additionally, Berry has a large network of
strategically located manufacturing facilities, which are typically
located close to customers to reduce shipping and transportation
costs, and positions the company as a low-cost manufacturer.

RPC added 153 global manufacturing facilities, expanding Berry's
global footprint, and enabling operational flexibility and creating
logistical optimization opportunities. Berry now purchases over 7
billion pounds of resin annually, making it one of the largest
consumers globally. The increased, post-RPC scale enhanced Berry's
position in the supply chain creating even more purchasing power,
where Berry was already a significant resin purchaser. This creates
a sustainable competitive advantage and leads to additional resin
sourcing synergy opportunities to further improve its cost
position. Given high initial capital costs, Fitch believes barriers
to entry in the packaging industry are moderately high, favoring
incumbents such as Berry.

Steady Annual FCF: Berry consistently generates solid FCF and has
generally increased FCF in each consecutive year since the
company's IPO in October 2012. Berry generated around $900 million
of FCF in fiscal 2021 compared with $225 million of FCF in its
first year as a public company in fiscal 2013. The company has FCF
margins averaging roughly 7% over the past four years, which
compares favorably with many large packaging peers, which typically
have FCF margins in the 4%-5% range.

DERIVATION SUMMARY

Berry is among the largest global packaging companies following its
acquisition of RPC, and is now larger in terms of EBITDA than Ball
Corporation (Ball), Crown Holdings, Inc. (Crown) and Silgan
Holdings, Inc. (Silgan). Ball and Crown are market leaders in more
consolidated metal and glass packaging subsectors and generate the
substantial majority of revenues in stable consumer
non-discretionary food and beverage end markets.

Berry joins Crown, Ball and Sealed Air in terms of significant
geographic diversification, with generally 50% of sales generated
outside of the U.S. Silgan is less geographically diverse with
around 25% of sales generated outside of the U.S., although Fitch
doesn't view geographic diversification as significantly impacting
Silgan's credit profile. Berry is significantly larger than Silgan
and has higher EBITDA margins, however Silgan compares favorably on
leverage metrics.

Berry's leverage compares similarly with glass packaging
manufacturer OI, although Berry is larger, typically has higher
margins and generates higher FCF given the more capital-intensive
nature of glass manufacturing. This is partially offset by OI's
dominant market share in a more consolidated industry characterized
by higher barriers to entry.

Berry has higher leverage on a total debt/EBITDA basis compared
with comparably rated peers, although it shares a strong
deleveraging capacity with 'BB+' rated Silgan.

KEY ASSUMPTIONS

-- Run rate organic revenue growth of approximately 2%;

-- EBITDA margins recover in outer forecast years as inflationary
costs are passed through;

-- Capex just over 5% of sales in support of organic growth
strategy;

-- Announced $1 billion share repurchase program expended within
the forecast period.

-- Bond maturities refinanced at market rates through the
forecast.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- Demonstrated commitment to a more conservative financial policy
resulting in total debt/EBITDA sustainably below 3.5x;

-- Improved financial flexibility evidenced by a less encumbered
capital structure.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- Material deviation from its financial policy leading to total
debt/EBITDA sustainably above 4.0x;

-- A meaningful and sustained compression in EBITDA margins.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.

LIQUIDITY AND DEBT STRUCTURE

Solid Liquidity: As of Jan. 1, 2022, Berry had cash and cash
equivalents of $582 million and full availability under its $950
million ABL revolver maturing May 1, 2024, for $1.53 billion in
total liquidity. The revolver capacity increased by $100 million
over 1Q22. Berry consistently generates solid positive FCF with
roughly 7% FCF margins on average over the past four years, which
we believe will quickly build on cash levels.

ISSUER PROFILE

Berry Global Group, Inc. (Berry) is a leading provider of plastic
packaging products, as well as value-added engineered materials,
non-woven specialty materials with a track record of delivering
high-quality customized solutions to customers. The company sells
predominately into stable, consumer-oriented end markets such as
healthcare, personal care, and food and beverage.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means 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.

                           Rating          Recovery   Prior
                           ------          --------   -----
Berry Global, Inc.  LT IDR  BB+   Affirmed            BB+

senior secured     LT      BBB-  Affirmed  RR1       BBB-

senior secured     LT      BBB-  Affirmed  RR2       BBB-

Senior Secured
2nd Lien           LT      BB+   Affirmed  RR4       BB+

Berry Global
Group, Inc.         LT IDR  BB+   Affirmed            BB+


BLACK RAIN: Seeks to Hire Peter Spindel as Bankruptcy Counsel
-------------------------------------------------------------
Black Rain City Capital Investment, LLC seeks approval from the
U.S. Bankruptcy Court for the Southern District of Florida to
employ the law firm of Peter Spindel, Esq., PA as its counsel.

The firm's services include:

     (a) advising the Debtor regarding its powers and duties in the
continued management of its business operations;

     (b) advising the Debtor regarding its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

     (c) preparing legal papers;

     (d) protecting the interest of the Debtor in all matters
pending before the court; and

     (e) representing the Debtor in negotiation with its creditors
in the preparation of a Chapter 11 plan.

The firm will charge $425 per hour for attorney's services and $100
per hour for paralegal services.

Peter Spindel, Esq., disclosed in a court filing that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Peter Spindel, Esq.
     Peter Spindel, Esq., PA
     P.O. Box 835063
     Miami, FL 33283-5063
     Telephone: (786) 355-4631
     Email: peterspindel@gmail.com

              About Black Rain City Capital Investment

Black Rain Capital Investment, LLC is engaged in activities related
to real estate. The company is based in Miami Gardens, Fla.

Black Rain Capital Investment sought Chapter 11 bankruptcy
protection (Bankr. S.D. Fla. Case No. 22-12622) on April 4, 2022.
In the petition filed by Eric Readon, chief executive officer, the
Debtor disclosed between $1 million and $10 million in both assets
and liabilities.

Judge Robert A. Mark oversees the case.

Peter Spindel, Esq., at Peter Spindel, Esq., PA is the Debtor's
legal counsel.


BLUELINE TACTICAL: April 28 Deadline Set for Panel Questionnaires
-----------------------------------------------------------------
The United States Trustee is soliciting members for committee of
unsecured creditors in the bankruptcy case of Blueline Tactical and
Police Supply, LLC.

If a party wishes to be considered for membership on any official
committee that is appointed, it must complete a questionnaire
available at https://bit.ly/3OpMKC4 and return by email it to --
USTPRegion02.NYECF@usdoj.gov -- at the Office of the United States
Trustee so that it is received no later than 12:00 p.m., on April
28, 2022.

If the U.S. Trustee receives sufficient creditor interest in the
solicitation, it may schedule a meeting or telephone conference for
the purpose of forming a committee.

       About Blueline Tactical

Blueline Tactical and Police Supply is a law enforcement and
shooting sport retailer.  The Company also offers indoor shooting
and tactical training facility.

Blueline Tactical and Police Supply, LLC sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 22-22186) on April 13, 202s,
listing $0 to $50,000 in assets and $1 million to $10 million
liabilities. Evanthia Koutis, member, signed the
petition.  The Debtor tapped Bronson Law Office, P.C. as counsel.




BLUEPRINT INVESTMENT: Gets OK to Tap Cohen & Cohen as Legal Counsel
-------------------------------------------------------------------
Blueprint Investment Fund, LLC received approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Cohen &
Cohen, P.C. to serve as legal counsel in its Chapter 11 case.

The firm's services include:

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

   b. advising the Debtor with respect to its responsibilities in
complying with the U.S. Trustee Guidelines and Reporting
Requirements and with the rules of the court;

   c. preparing legal documents;

   d. protecting the interests of the Debtor in all matters pending
before the court; and

   e. representing the Debtor in negotiating with its creditors to
prepare a plan of reorganization or other exit plan.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     Attorneys    $300 to $400 per hour
     Associates   $195 to $300 per hour
     Paralegals   $115 per hour

The firm will also seek reimbursement for out-of-pocket expenses.

The retainer fee is $17,000.

Katharine Sender, Esq., a partner at Cohen & Cohen, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Katharine S. Sender, Esq.
     Cohen & Cohen, P.C.
     1720 S. Bellaire St; Ste 205
     Cohen & Cohen, P.C.
     Denver, CO 80222
     Telephone: (303) 933-4529
     Facsimile: (866) 230-8268
     Email: ksender@cohenlawyers.com

                  About Blueprint Investment Fund

Blueprint Investment Fund is a Denver-based company primarily
engaged in activities related to real estate. It is the fee simple
owner of a real property located at 29973 Hilltop Drive, Evergreen,
Colo., having an appraised value of $4.9 million.

Blueprint Investment Fund filed its voluntary petition for Chapter
11 protection (Bankr. D. Colo. Case No. 22-11059) on March 30,
2022, listing $4,900,146 in assets and $1,816,387 in liabilities.
Joseph Libkey Jr., managing member, signed the petition.

Cohen & Cohen, P.C., led by Katharine S. Sender, Esq., serves as
the Debtor's legal counsel.


BOY SCOUTS: Wraps Month-Long Trial on $2.7-Bil. Plan
----------------------------------------------------
Reuters reports that the Boy Scouts of America on Thursday wrapped
up a month-long court hearing over its proposed reorganization plan
and $2.7 billion settlement of claims by thousands of men who say
they were sexually abused as children by troop leaders.

U.S. Bankruptcy Judge Laurie Selber Silverstein said at the
conclusion of the trial that she would rule on the plan and
settlement as soon as possible.

Lawyers for the youth organization, which has been hit with more
than 82,000 abuse claims, said it hopes the settlement will allow
it to exit Chapter 11 and continue its Scouting mission.

Though the deal has support from 86% of abuse claimants who voted
on the plan, hundreds of local councils and the Boy Scouts’ two
primary insurers, the process of securing approval and emerging
from bankruptcy has been contentious for the Irving, Texas-based
organization.

The Boy Scouts filed for bankruptcy in February 2020 to address sex
abuse allegations spanning decades. The plan, if approved, will set
up a $2.7 billion trust to be used to compensate survivors who
filed claims in the bankruptcy - with the amount tied to the
severity of the alleged abuse, and where and when it occurred.

The federal government's bankruptcy watchdog, the U.S. Trustee,
opposed the plan’s non-debtor releases, which protect people and
entities related to the debtor that have not filed for bankruptcy
themselves against future litigation. U.S. Trustee attorney David
Buchbinder argued on Wednesday that the releases are being given to
an overly broad group who he said have not made substantial
contributions to the settlement in exchange.

Mr. Buchbinder also accused the organization of relegating
survivors "to a years-long administrative process" designed to be
"difficult, expensive and confusing."

Boy Scouts' attorney Jessica Lauria defended the releases, saying
they were necessary to secure financial contributions for the trust
and that many other courts have upheld similar releases.

The other significant challenge to the plan came from insurers that
say procedures for evaluating abuse claims are not stringent
enough. A provision that allows claimants to collect $3,500 if they
agree to effectively skip the evaluation process could result in
payments for fraudulent claims, they argued.

But the Boy Scouts say this option is cheaper and more efficient in
the long run than litigating even a "clearly invalid" claim.

In addition to compensation, the plan aims to impose new youth
protection measures for current and future Scouts.

For the Boy Scouts: Jessica Lauria, Mike Andolina, Matt Linder and
Laura Baccash of White & Case; and Derek Abbott and Andrew Remming
of Morris, Nichols, Arsht & Tunnell

For the U.S. Trustee: David Buchbinder

For the objecting insurers: Richard Doren, Michael Rosenthal, James
Hallowell, Keith Martorana and Matthew Bouslog of Gibson Dunn &
Crutcher

                   About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations. Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC, as financial advisor. Omni
Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020. The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.


BUYK CORP: Trustee Balks at Chapter 11 Key Worker Bonus Plans
-------------------------------------------------------------
Vince Sullivan of Law360 reports that the federal bankruptcy
watchdog objected Thursday, April 14, 2022, to the proposed key
employee bonus plans of grocery delivery app Buyk Corp., telling a
New York court that the six employees slated to get the bonuses are
ineligible for the distributions because they are insiders of the
debtor.

In the objection, the Office of the U.S. Trustee says of the six
employees included in a key employee incentive plan, three are
senior-level officers of Buyk and are insiders prohibited from
receiving postpetition bonuses.  The other three don't have
necessary information about their positions and responsibilities
included in the debtor's filings, the objection says.

                         About Buyk Corp.

Buyk Corp. is a retail grocery delivery service that was launched
in September 2021.  It operated a network of 39 stores in New York
and Chicago.  

Buyk filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case
No. 22-10328) on March 17, 2022, listing as much as $10 million in
both assets and liabilities.  CEO James Walker signed the
petition.

Judge Michael E. Wiles oversees the case.

Mark S. Lichtenstein, Esq., at Akerman, LLP and Dmitriy Goykhman,
CPA PC, serve as the Debtor's legal counsel and accountant,
respectively.


C & B CONVENIENCE: Gets Interim OK to Hire Ascendant as Counsel
---------------------------------------------------------------
C & B Convenience, Inc. received interim approval from the U.S.
Bankruptcy Court for the District of Massachusetts to employ
Ascendant Law Group, LLC as its legal counsel.

The firm will render these legal services:

     (a) advise the Debtor with respect to its powers and duties in
the continued management and operation of its businesses and
properties;

     (b) represent the Debtor at all hearings and matters
pertaining to its affairs;

     (c) attend meetings and negotiate with representatives of the
Debtor's creditors and other parties-in-interest, as well as
responding to creditor inquiries;

     (d) take all necessary action to protect and preserve the
Debtor's estate;

     (e) prepare legal papers;

     (f) review applications and motions filed in connection with
the Debtor's bankruptcy case;

     (g) negotiate and prepare on the Debtor's behalf any plan of
reorganization, disclosure statement, and all related agreements or
documents, and take any necessary action on behalf of the Debtor to
obtain confirmation of such plan;

     (h) advise the Debtor in connection with any potential sale or
sales of assets or refinancing of the Debtor's indebtedness;

     (i) review and evaluate the Debtor's executory contracts and
unexpired leases, and represent the Debtor in connection with the
rejection, assumption or assignment of such leases and contracts;

     (j) represent the Debtor in connection with any adversary
proceedings or automatic stay litigation which may be commenced by
or against the Debtor;

     (k) review and analyze various claims of the Debtor's
creditors and treatment of such claims, and prepare, file or
prosecute any objections thereto; and

     (l) perform all other necessary legal services and provide all
other necessary legal advice to the Debtor in connection with its
bankruptcy case.

The hourly rates of the firm's attorneys are as follows:

     Jesse I. Redlener   $395
     Lee Harrington      $395
     Matthew Ginsburg    $395

In addition, the firm will seek reimbursement for expenses
incurred.

The firm received a $10,000 retainer from the Debtor prior to the
petition date.

Jesse Redlener, a member of Ascendant Law Group, disclosed in a
court filing that the firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jesse I. Redlener, Esq.
     Ascendant Law Group, LLC
     2 Dundee Park Drive, Suite 102
     Andover, MA 01810
     Email: jredlener@ascendantlawgroup.com

                      About C & B Convenience

C & B Convenience, Inc. filed a voluntary petition for Chapter 11
protection (Bankr. D. Mass. Case No. 22-10405) on March 29, 2022,
listing up to $1 million in assets and up to $10 million in
liabilities. Asad Jamil, board member and treasurer, signed the
petition.

Jesse I. Redlener, Esq., at Ascendant Law Group, LLC serves as the
Debtor's legal counsel.


CAMIERDA 1 LLC: Seeks Bankruptcy Protection
-------------------------------------------
Single asset real estate Camierda 1, LLC, filed for chapter 11
protection.  

According to court filing, Camierda estimates between 1 and 49
unsecured creditors.  The petition states that funds will be
available to unsecured creditors.

A telephonic meeting of creditors under 11 U.S.C. Sec. 341(a)
slated for May 10, 2022 at 9:15 A.M.

                     About Camierda 1 LLC

Camierda 1 LLC (or Cameirda LLC) is a Single Asset Real Estate (as
defined in 11 U.S.C. § 101(51 B)).

Camierda 1 LLC filed for chapter 11 protection (Bankr. C.D. Cal.
Case No. 22-11970) on April 7, 2022.  In the petition filed by Anne
Kihagi, as manager, Cameirda 1 estimated assets between $1 million
and $10 million and liabilities between $1 million and $10 million.
The case is assigned to Honorable Judge Deborah J. Saltzman.  Paul
Edward Manasian, of the Law Office of Paul Manasian, is the
Debtor's counsel.


CITIUS PHARMACEUTICALS: Realigns Key Management Positions
---------------------------------------------------------
Citius Pharmaceuticals, Inc.'s Board of Directors has approved key
management changes to strengthen the Company's commercial
capabilities as its two late Phase 3 programs for I/ONTAK (E7777)
and Mino-Lok near completion.  The organizational alignment will
enable Citius to focus its resources on advancing both of these
near-term opportunities and will be effective as of May 1, 2022.

The Board of Directors has appointed Mr. Myron Holubiak to the
newly created position of executive vice chairman with
responsibility for building the Citius commercial team and guiding
the anticipated product launches of the Company's first commercial
products.  Mr. Holubiak will drive the overall commercial strategy
in support of the Citius pipeline.  The near-term focus will be on
the successful launch of I/ONTAK for the systemic treatment of
cutaneous T-cell lymphoma (CTCL), which recently released topline
results from its Phase 3 trial, and Mino-Lok which is expected to
complete Phase 3 trial enrollment later this year.  Leonard Mazur,
Citius co-founder and Executive Chairman has been named as CEO and
Chairman by the Board of Directors.  Additionally, in recognition
of the incremental needs of a growing Citius team, Chief Financial
Officer Jaime Bartushak will assume additional responsibilities as
chief business officer.

"Myron and I co-founded Leonard Meron Biosciences, which ultimately
merged with Citius, to bring life-altering therapies to patients in
need.  He continues to be an outstanding partner and dedicated CEO
who, together with me, has driven continued growth in Citius
including leading the expansion of our portfolio to five active
programs, taking the company public and successfully raising
capital to advance our strategy.  With a planned BLA submission for
I/ONTAK later this year, along with the expected completion of
enrollment in the Mino-Lok trial in 2022, now is the ideal time to
reposition the organization to take full advantage of our in-house
expertise.  We intend to leverage the momentum in our programs to
focus on developing robust marketing, sales and distribution
capabilities to support successful market entry for the assets in
our pipeline. Myron will direct our efforts to build a world-class
commercial team as Executive Vice Chairman of the Board," stated
Leonard Mazur, Executive Chairman of Citius.
  
Mr. Holubiak is uniquely experienced to drive the commercialization
strategy for Citius.  While President of Roche Laboratories, he led
the organization in successfully launching important oncology and
antibiotic products including Xeloda for the treatment of breast
and colorectal cancer, and Rocephin, the most successful injectable
cephalosporin antibiotic at the time.

Jamie Bartushak, Citius' chief financial officer, will assume
additional operational responsibilities in his expanded role as
chief business officer.  He will oversee all aspects of finance,
business development and operations at the Company.

In order to efficiently bring the Company's products to market,
Michael McGuire will join Citius as VP, Program Leader for
Anti-Infectives effective May 1, 2022.  Mr. McGuire will work
closely with Mr. Holubiak and the rest of the Citius team to
leverage his broad pharmaceutical experience and network.

"With two pipeline programs in final development, our commercial
activities targeted at key cancer centers in the U.S. will begin to
accelerate.  Our recently released topline data for I/ONTAK
positions us to potentially be in the market in 2023.  And, as the
COVID pandemic abates, we expect continued pickup in the Mino-Lok
trial recruitment with anticipated enrollment completion this year.
This positions us for potential Mino-Lok regulatory submissions in
2023.  In my new role as Executive Vice Chairman, I look forward to
continuing to work closely with the entire Citius team to prepare
for the successful commercial launches of each of our products,
beginning with I/ONTAK and Mino-Lok," added Myron Holubiak, chief
executive officer of Citius.

Michael McGuire has extensive business leadership experience within
the pharmaceutical industry, including P&L management, strategic
planning, marketing, and new product development.  While at Roche
Laboratories, Michael led the Tamiflu franchise to become the first
billion-dollar product for Roche in the United States, and designed
an award-winning direct-to-consumer (DTC) Tamiflu educational
campaign that raised consumer awareness by 65%.

Most recently, Mr. McGuire was senior vice president Commercial,
Government Affairs, and Customer Engagement at Melinta
Therapeutics. In this role, he called on members of the House and
Senate and met with representatives from the Centers for Medicare
and Medicaid Services (CMS) and the Biomedical Advanced Research
and Development Authority (BARDA) to develop support for the DISARM
Act that would change the reimbursement landscape for
anti-infectives. Additionally, he integrated three commercial
organizations (Melinta, Cempra, and The Medicines Company) while
launching two new anti-infective drugs.

Prior to joining Melinta, Michael served as senior vice president,
Global Infectious Disease at The Medicines Company, a developer of
hospital products in the anti-infective and cardiovascular
therapeutic areas.  He managed global commercial operations for an
anti-infective portfolio of products, and successfully launched the
drug Orbactiv in a highly competitive generic and branded
marketplace.  As a seasoned executive, Mr. McGuire has successfully
launched multiple anti-infective products, including a blockbuster
drug, built alliances with government agencies, launched consumer
awareness programs, and effectively managed commercial organization
costs.

                           About Citius

Headquartered in Cranford, NJ, Citius Pharmaceuticals, Inc. --
http://www.citiuspharma.com-- is a specialty pharmaceutical
company dedicated to the development and commercialization of
critical care products targeting unmet needs with a focus on
anti-infectives, cancer care and unique prescription products.

Citius reported a net loss of $23.05 million for the year ended
Sept. 30, 2021, a net loss of $17.55 million for the year ended
Sept. 30, 2020, a net loss of $15.56 million for the year ended
Sept. 30, 2019, a net loss of $12.54 million for the year ended
Sept. 30, 2018, and a net loss of $10.38 million for the year ended
Sept. 30, 2017. As of Sept. 30, 2021, the Company had $142.43
million in total assets, $9.65 million in total liabilities, and
$132.78 million total equity.


CLH INVESTMENT: Gets OK to Hire HY2 Tax as Accountant
-----------------------------------------------------
CLH Investment Company, LLC received approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ HY2
Tax & Accounting, LLC as its accountant.

The firm's services include the filing of the Debtor's federal and
state tax returns; bookkeeping services; and the preparation of
financial statements and monthly operating reports.

The firm will be paid a flat fee of $2,500 for its services.

Junghyeok Choi, a partner at HY2, disclosed in a court filing that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Junghyeok Choi
     HY2 Tax & Accounting, LLC
     2550 Pleasant Hill Rd. Suit 437
     Duluth, GA 30096
     Tel: (678) 250-9521

                   About CLH Investment Company

CLH Investment Company, LLC, a company based in Norcross, Ga.,
filed a petition for Chapter 11 protection (Bankr. N.D. Ga. Case
No. 22-50032) on Jan. 3, 2022, listing up to $50,000 in assets and
up to $10 million in liabilities. Ki Hong Han, managing member,
signed the petition.

Judge Wendy L. Hagenau oversees the case.

The Debtor tapped Will B. Geer, Esq., at Wiggam & Geer, LLC as
legal counsel and HY2 Tax & Accounting, LLC as accountant.


COMPREHENSIVE CENTER: April 21 Deadline Set for Panel Questionnaire
-------------------------------------------------------------------
The United States Trustee is soliciting members for committee of
unsecured creditors in the bankruptcy case of The Comprehensive
Center, LLC.

If a party wishes to be considered for membership on any official
committee that is appointed, it must complete a questionnaire
available at https://bit.ly/3OpqrwA and return by email it to
USTPRegion02.NYECF@usdoj.gov at the Office of the United States
Trustee so that it is received no later than 12:00 p.m., on April
21, 2022.

If the U.S. Trustee receives sufficient creditor interest in the
solicitation, it may schedule a meeting or telephone conference for
the purpose of forming a committee.

                  About Comprehensive Center

The Comprehensive Center, LLC, provides rehabilitation services.
The Company offers pain management, counseling, sensory integration
program, speech and language, physical, and occupational therapy.

Comprehensive Center LLC filed for Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 22-10427) on April 5, 2022.  In the petition
filed by Nosson R. Sklar, as president, Comprehensive Center
estimated assets of up to $50,000 and liabilities of $100,000 to
$500,000.  This case has been assigned to Judge Michael E. Wiles.
Gabriel Del Virginia, Esq., of Law Offices of Gabriel Del Virginia,
is the Debtor's counsel.


CPG INTERNATIONAL: Moody's Rates New First Lien Term Loan 'B1'
--------------------------------------------------------------
Moody's Investors Service affirmed CPG International LLC's (a
wholly owned subsidiary of The AZEK Company Inc.) (AZEK) Corporate
Family Rating at Ba3 and Probability of Default Rating at Ba3-PD.
Moody's also assigned a B1 rating on the company's proposed first
lien senior secured term loan and affirmed the B1 rating on the
existing term loan. The outlook is stable. AZEK's SGL-2 Speculative
Grade Liquidity Rating was maintained.

The proceeds from the company's $575 million first lien senior
secured term loan due 2029 will be used to retire its existing
$467.6 million term loan due 2024, and for general corporate
purposes. Pro forma debt to EBITDA remains strong for this
transaction at 2.3x as of December 31, 2021, with pro forma cash
balance anticipated to rise to about $160 million.

The following rating actions were taken:

Assignments:

Issuer: CPG International LLC

Senior Secured Bank Credit Facility, Assigned B1 (LGD4)

Affirmations:

Issuer: CPG International LLC

Corporate Family Rating, Affirmed Ba3

Probability of Default Rating, Affirmed Ba3-PD

Senior Secured Bank Credit Facility, Affirmed B1 (LGD4)

Outlook Actions:

Issuer: CPG International LLC

Outlook, Remains Stable

RATINGS RATIONALE

AZEK's Ba3 Corporate Family Rating is supported by: 1) the
company's solid position in the market for low maintenance building
products; 2) its reliance on the residential repair and remodel end
market for a majority of its revenue, which is more stable than new
construction in the long term; 3) strong operating margins; 4)
conservative financial strategies, including maintenance of low
leverage in line with the company's stated net debt leverage target
of 2.0x to 3.0x; 5) and good liquidity, supported by generally
positive free cash flow and ample availability under its revolving
credit facility.

On the other hand, the credit profile reflects: 1) the company's
exposure to the cyclical residential and repair and remodeling end
markets; 2) the significant competition in the low maintenance
building products segment; 3) sensitivity of operating margin, cash
flow and liquidity to changes in raw material costs; and 4) risks
related to shareholder friendly actions given the private equity
ownership, representing 26% of total shares outstanding.

The term loan rating of B1, one notch below the company's CFR of
Ba3, reflects the expected loss absorption of this instrument given
its junior position in the capital structure relative to the ABL
facility.

The proposed term loan facility is expected to provide covenant
flexibility that could adversely affect creditors, including an
uncommitted incremental first lien term loan in an aggregate amount
of the greater of $284 million and 100% of LTM EBITDA, plus amounts
reallocated from the general debt basket, plus ratio debt subject
to 4.50x first lien net leverage (if pari passu secured).
Amounts up to the greater of $145 million and 50% of EBITDA can be
incurred with an earlier maturity than the term loans through an
inside maturity debt basket. The credit agreement permits the
transfer of assets to unrestricted subsidiaries, up to the
carve-out capacities, subject to "blocker" provisions which
prohibit unrestricted subsidiaries from owning or licensing
intellectual property material to the operation of the business.
Non-wholly-owned subsidiaries are not required to provide
guarantees; dividends or transfers resulting in partial ownership
of subsidiary guarantors could jeopardize guarantees, with no
explicit protective provisions limiting such guarantee releases.
The credit agreement provides some limitations on up-tiering
transactions, including the requirement that all adversely affected
lenders consent to changes which would subordinate the liens or the
obligations, absent a pro rata offer to participate in the priming
facility on the same terms as each other lender.

The stable outlook reflects Moody's expectation that AZEK's
performance in the next 12 to 18 months will be supported by
favorable end market conditions in the residential sector,
including new construction and repair and remodeling. The company
is expected to maintain strong credit metrics, including low
leverage and strong operating margin, and good liquidity.

The SGL-2 Speculative Grade Liquidity rating reflects Moody's
expectation that AZEK will maintain good liquidity over the next 12
to 15 months. Liquidity is supported by generally positive free
cash flow, access to a $150 million ABL revolving credit facility
expiring in 2026, flexibility under a springing financial covenant,
and extended debt maturity profile.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if AZEK expands its size and scale,
demonstrates a track record of operating as a public company with
conservative financial strategies and increases independent board
representation. More specifically, if the company sustains adjusted
debt to EBITDA below 3.0x and EBITA to interest coverage above
5.0x, and maintains good liquidity, while end markets conditions
remain supportive the ratings could be upgraded.

The ratings could be downgraded if revenue and earnings decline
materially due to weakness in demand for key products. For example,
if leverage approaches 4.5x, interest coverage declines below 4.0x,
the company's financial strategies grow aggressive, or liquidity
deteriorates the ratings could be downgraded.

The principal methodology used in this rating was Manufacturing
published in September 2021.

The AZEK Company Inc., headquartered in Chicago, Illinois, is a
leading manufacturer of premium, low maintenance building products
including deck, trim, rail, pavers, partitions, lockers, and
plastic sheet products for residential and commercial markets in
the US and Canada. In the last twelve month period ended December
31, 2021, the company generated about $1.2 billion in revenue.


CPG INTERNATIONAL: S&P Upgrades ICR to 'BB-', Outlook Stable
------------------------------------------------------------
S&P Global Ratings upgrades outdoor living products provider CPG
International LLC d/b/a/ The Azek Co. to 'BB-' from 'B+'. At the
same time, S&P assigned its 'BB-' issue-level rating to its $575
million first-lien term loan due 2029, which it will use the
proceeds from to refinance its existing $468 million term loan due
2024 and for general corporate purposes.

The stable outlook reflects S&P's expectation that continued strong
demand will offset the company's input-cost headwinds.

S&P said, "We view CPG's increased scale as sustainable because we
believe its expanded manufacturing capacity will enable it to cater
to the favorable long-term demand for polymer and composite decking
and exterior trim. We expect the company to generate annual revenue
of $1.3 billion-$1.4 billion in 2022 and 2023 supported by strong
organic volume growth and higher price realizations. As CPG
completes its planned expansion project and gains incremental
capacity, its growth will be contingent on continued demand for
residential construction and renovation activities, as well as
increases in its market penetration or share. While we expect its
demand and pricing conditions to moderate somewhat, we believe the
company's business conditions will remain favorable for at least
the next few quarters. Beyond that, we believe the transition away
from wood-based outdoor products and the trend toward increased
investment in outdoor living will continue to be growth drivers."

S&P's ratings are limited by the company's narrow product focus on
outdoor living products in the overall building materials industry.
The specific and premium nature of its products could render it
susceptible to some cyclicality in its performance due to changes
in economic cycles, consumer confidence, and discretionary spending
levels. However, the majority (about 70%) of the company's revenue
is tied to repair and remodeling spending, which we view as
offsetting some of its cyclicality risk because these end markets
tend to be less volatile.

Sustained earnings and a supportive financial policy will likely
enable the company to maintain S&P Global Ratings-adjusted leverage
of 2x-3x. CPG's proposed capital structure will likely result in
S&P Global Ratings-adjusted debt to EBITDA of about 2.5x. S&P said,
"Our forecast assumes a modest increase in its S&P Global
Ratings-adjusted EBITDA (relative to the $290 million it reported
for the 12 months ended Dec. 31, 2021) because we expect its
favorable demand and price realizations will offset the headwinds
from labor and input-cost inflation. Consequentially, we expect CPG
to generate $300 million-$330 million of S&P Global
Ratings-adjusted EBITDA in 2022-2023. We believe the company could
pass through some of the increases in its costs to its customers;
however, there could be a lag and potentially create some temporary
margin compression. Nonetheless, we expect CPG to sustain EBITDA
margins in the 22%-24% range over this period."

S&P said, "Further, we believe a smaller minority ownership (now
about 25%) by financial sponsors will likely lead it to employ a
less aggressive financial policy relative to prior years and those
of typical private-equity-owned companies. While we expect that CPG
may continue to pursue bolt-on acquisitions or other financial
policy actions, we believe it would be prudent and maintain S&P
Global Ratings-adjusted leverage of between 2x and 3x under most
reasonable market conditions.

"We expect the company to generate operating cash flow (OCF) of
$220 million-$250 million over the next 12-24 months, which it will
mostly use to fund its capital expenditure. Strong organic growth
combined with commodity-price inflation will likely continue to
expand CPG's working capital investment. Despite that, we expect
its OCF to be steady and anticipate it will continue to use most of
these funds to complete its planned capacity expansion initiatives.
As such, we assume capital expenditure of about $200 million in
2022, which tapers off to $150 million in 2023. Therefore, we also
expect free cash flow of $20 million-$50 million in 2022, improving
to about $100 million in 2023. However, project delays or
higher-than-expected start-up costs could pose some downside to our
earnings and free cash flow expectations.

"The stable outlook on CPG indicates our view that continued strong
demand from the residential markets will offset its cost headwinds
and enable it to sustain its improved earnings. As such, we expect
it will maintain S&P Global Ratings-adjusted leverage in the 2x-3x
range and OCF to debt of 25%-35% over the next 12 months."

S&P could lower its ratings on CPG over the next 12 months if:

-- Its S&P Global Ratings-adjusted EBITDA declines by more than
35% such that its S&P Global Ratings-adjusted leverage trends
toward 4x or its OCF to debt falls below 15% with limited prospects
for a quick recovery. Such a scenario could occur due to a severe
recession that drastically reduces the demand for the company's
products or if higher-than-expected inflation weakens its margins
below 18% on a sustained basis; or

-- The company employs an aggressive financial policy, including
large debt-financed acquisitions or shareholder-friendly actions
such as dividends or share repurchases, that causes it to sustain
S&P Global Ratings-adjusted leverage of 3x-4x.

S&P views an upgrade as highly unlikely over the next 12 months.
However, S&P could raise its ratings on CPG if:

-- The company materially expands its business diversity while
maintaining S&P Global Ratings-adjusted leverage of well below 2x;
and

-- S&P views these levels to be sustainable under most business
conditions.

ESG credit indicators: E-2; S-2; G-2

S&P said, "ESG factors have no material influence on our credit
rating analysis of composite decking and outdoor living products
producer CPG. While the company may have some exposure to climate
transition risks due its polyvinyl chloride (PVC)-based products,
this is more than offset by its strong focus on recycling plastic
waste for its inputs, which helps reduce landfill waste, as well as
its production of recyclable composite products and its efforts to
reduce the carbon intensity of its processes."



CRYPTO CO: Secures $220K in Funding From Efrat Investments
----------------------------------------------------------
The Crypto Company borrowed funds pursuant to the terms of a
securities purchase agreement entered into with Efrat Investments
LLC and issued a Promissory Note in the principal amount of
$220,000 to Efrat in a private transaction for a purchase price of
$198,000 (giving effect to an original issue discount).  After
payment of the fees and costs, the net proceeds from the Efrat Note
will be used by the Company for working capital and other general
corporate purposes.

The maturity date of the Efrat Note is Sept. 7, 2022, although the
maturity date may be extended for six months upon the consent of
Efrat and the Company.  The Efrat Note bears interest at 10% per
year, and principal and accrued interest is due on the maturity
date.  The Company may prepay the Efrat Note at any time without
penalty.  Any failure by the Company to make required payments
under the Efrat Note or to comply with various covenants, among
other matters, would constitute an event of default.  Upon an event
of default under the April SPA or the Efrat Note, the Efrat Note
will bear interest at 18%, Efrat may immediately accelerate the
Efrat Note due date, Efrat may convert the amount outstanding under
the Efrat Note into shares of Company common stock at a discount to
the market price of the stock, and Efrat will be entitled to its
costs of collection, among other penalties and remedies.

The Company provided various representations, warranties, and
covenants to Efrat in the April SPA.  Any breach by the Company of
any representation or warranty, or failure to comply with the
covenants would constitute an event of default.  Also pursuant to
the April SPA, the Company paid Efrat a commitment fee of 58,201
unregistered shares of the Company's common stock.  If, after the
sixth month anniversary of closing and before the thirty-sixth
month anniversary of closing, Efrat has been unable to sell the
commitment fee shares for $110,000, then the Company may be
required to issue additional shares or pay cash in the amount of
the shortfall.
However, if the Company pays the April Note off before its maturity
date, then the Company may redeem 29,101 of the commitment fee
shares for one dollar.  Pursuant to the April SPA, the Company also
issued to Efrat a common stock purchase warrant to purchase 146,667
shares of the Company's common stock for $5.25 per share.  The
warrant expires on April 7, 2025.  The warrant also includes
various covenants of the Company for the benefit of the warrant
holder and includes a beneficial ownership limitation on the holder
that, in certain circumstances, may serve to restrict the holder's
right to exercise the warrant.  The Company also entered into a
Security Agreement with Efrat pursuant to which the Company granted
to Efrat a security interest in substantially all of the Company's
assets to secure the Company' obligations under the Efrat SPA,
Efrat Note and warrant, although such security interest is
subordinate to the rights of another third party lender.

                        About Crypto Company

Malibu, CA-based The Crypto Company -- www.thecryptocompany.com --
is in engaged in the business of providing consulting services and
education for distributed ledger technologies, for the building of
technological infrastructure, and enterprise blockchain technology
solutions.

Crypto Company reported a net loss of $785,630 for the 12 months
ended Dec. 31, 2021, compared to a net loss of $2.82 million for
the 12 months ended Dec. 31, 2020.  As of Dec. 31, 2021, the
Company had $1.52 million in total assets, $2.54 million in total
liabilities, and a total stockholders' deficit of $1.02 million.


DEE'S PLACE: Gets OK to Hire Bach Law Offices as Bankruptcy Counsel
-------------------------------------------------------------------
Dee's Place Glenview, Inc. received approval from the U.S.
Bankruptcy Court for the Northern District of Illinois to employ
Bach Law Offices, Inc. to serve as legal counsel in its Chapter 11
case.

The firm's services include negotiation with creditors; preparation
of a Chapter 11 plan and disclosures statement; examination and
resolution of claims filed against the Debtor's estate; and
representation in adversary matters.

The firm will be paid at the rate of $425 per hour and will be
reimbursed for out-of-pocket expenses incurred. The retainer fee is
$6,738, inclusive of filing fee.

Paul Bach, Esq., a partner at Bach Law Offices, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Paul M. Bach, Esq.
     Bach Law Offices, Inc.
     P.O. Box 1285
     Northbrook, IL 60062
     Telephone: (847) 564-0808
     Email: pnbach@bachoffices.com

                    About Dee's Place Glenview

Dee's Place Glenview, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
22-02820) on March 12, 2022, disclosing as much as $1 million in
both assets and liabilities. Robert P. Handler serves as Subchapter
V trustee.

Judge Carol A. Doyle oversees the case.

The Debtor is represented by Paul M. Bach, Esq., at Bach Law
Offices, Inc.


ECTOR COUNTY ENERGY: Chapter 11 Plans Has No Obvious Purpose
------------------------------------------------------------
Jeff Montgomery of Law360 reports that the largest unsecured
creditor of West Texas power producer Ector County Energy Center
LLC kicked off the power plant's Chapter 11 case Wednesday, April
13, 2022, by telling a Delaware bankruptcy judge that the debtor
had "no obvious reorganization purpose" in filing for bankruptcy.

Benjamin I. Finestone of Quinn Emanuel Urquhart & Sullivan LLP,
counsel to Direct Energy Business Marketing LLC, told U. S.
Bankruptcy Judge John T. Dorsey that Ector's case was launched
chiefly to benefit its parent, Invenergy Clean Power LLC. The
330-megawatt plant outside Odessa, Texas, sought Chapter 11
protection Tuesday, reporting more than $400 million in secured and
revolving debt.

                 About Ector County Energy Center

Ector County Energy Center LLC owns and operates a 330 MW natural
gas-fired power generating facility located in Ector County,
Texas.

Ector County Energy Center sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 22-10320) on April 11, 2022.  In the
petition filed by John D. Baumgartner, as  chief restructuring
officer, Ector County estimated assets between $50 million and $100
million and estimated liabilities between $500 million and $1
billion.

HOLLAND & KNIGHT LLP is the Debtor's general counsel.  POLSINELLI
PC is the local counsel.  PERELLA WEINBERG PARTNERS LP and TUDOR,
PICKERING, HOLT & CO. serve as investment bankers.  GRANT THORNTON
LLP is the restructuring advisor.  LOCKE LORD, LLP, is special
counsel, and CROWELL & MORING LLP is the special litigation
counsel.   DONLIN RECANO & COMPANY INC. is the claims agent.


ECTOR COUNTY: NRG Energy Skeptic About Bankruptcy Filing
--------------------------------------------------------
Jeremy Hill of Bloomberg News reports that an NRG Energy affiliate
suing Ector County Energy Center for about $400 million attacked
the legitimacy of the Texas power plant's bankruptcy filing,
arguing it may be a ploy to benefit a parent company, Invenergy
LLC.

Ector County Energy Center filed for Chapter 11 protection this
third week of April 2022, in large part blaming a pile of lawsuits
that emerged after a winter storm put it out of commission during a
crucial window for electricity production last year.  The largest
suit is from an NRG Energy subsidiary, which alleges Ector failed
to uphold a derivatives contract tied to power production.

                About Ector County Energy Center

Ector County Energy Center LLC owns and operates a 330 MW natural
gas-fired power generating facility located in Ector County,
Texas.

Ector County Energy Center sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 22-10320) on April 11, 2022.  In the
petition filed by CRO John D. Baumgartner, Ector County estimated
assets between $50 million and $100 million and estimated
liabilities between $500 million and $1 billion.

Holland & Knight LLP is the Debtor's general counsel.  Polsinelli
PC is the local counsel.  Perella Weinberg Partners LP and Tudor,
Pickering, Holt & Co. serve as investment bankers.  Grant Thornton
LLP is the restructuring advisor.  Locke Lord, LLP, is special
counsel, and Crowell & Moring LLP is the special litigation
counsel.  Donlin Recano & Company Inc. is the claims agent.


FORESIGHT ACQUISITIONS: Unsecureds to Get Nothing in Plan
---------------------------------------------------------
Foresight Acquisitions, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of Ohio a Plan of Reorganization under
Subchapter V.

The Debtor is a designer and wholesale distributor of men's and pet
accessories to retailers throughout the world including North and
South America and Asia. The Debtor was formed in 2015 for the
purchases of acquiring an existing business.

The Debtor's current capital structure prevents the Debtor from
attracting enough investment to enable it to become operationally
cash flow positive and reduce its working capital deficit.
Therefore, unless the Debtor reorganizes its debt it will never be
able to operate profitably and will be forced to liquidate.

The Debtor's financial projections show that the Debtor will have
total projected disposable income for the 5-year period of
$646,451.52 (the "Projected Disposable Income").

This Plan of Reorganization under chapter 11 of the Bankruptcy Code
proposes to pay creditors of the Debtor from (1) the assumption of
debt to IMI and LFT, and certain other creditors that will be paid
in the ordinary course of business by the Reorganized Debtor and
(2) the Cash Investment.

Creditors holding Allowed Unsecured Claims in Classes 2 will
receive distributions which the Debtor has estimated to be
approximately cents on the dollar. This Plan provides for full
payment of administrative expenses and priority claims.

Class 2 consists of the Allowed Claims of Premier Bank. Premier
Bank is owed $2,086,883.31 as of the Petition Date, secured by a
first priority blanket security interest in all assets of the
Debtor. However, the value of the assets that secure Premier Bank's
loans is only $900,005.70 as of the Petition Date consisting of:
$402,372.97 in accounts; $338,860.00 in inventory on hand;
$100,666.66 in inventory ordered but not yet received; and
$58,106.07 on deposit in Erie Bank that was the proceeds of Premier
Bank's collateral.

Premier Bank's Allowed Claim of will be bifurcated pursuant to 11
USC §506(c) into a Secured Claim of $900,000.00 and an Unsecured
Claim of $1,186,883.31. Premier Bank's Secured claim will bear
interest at 6% per annum and be paid in full in 120 monthly
payments of $9,991.85, unless paid in whole or in part from the
proceeds of financing. The balance of the Allowed Claim of Premier
Bank will be treated as an Unsecured Claim and paid pro rata with
claims in Class 4. However, there will be no distribution to Class
4 therefore there will be no payment to Premier Bank in addition to
the payment on its Secured Claim.

Class 3 consists of the SBA Allowed Claim for the EIDL of $150,000
secured by a second priority blanket security interest in all
assets of the Debtor. Because the Premier Bank Allowed Claim will
not be paid in full unless it is required to be paid in order to
enable the Debtor to obtain another EIDL, in which case it will
bear interest at 3% and be paid in equal monthly installments as
set forth in the EIDL loan documents with the SBA. Otherwise, the
Allowed Claim of the SBA will be treated as an Unsecured Claim and
paid pro rata with claims in Class 4. However, there will be no
distribution to Class 4 therefore there will be no payment to the
SBA under this Plan.

Class 4 consists of General Unsecured Claims. The Debtor estimates
that there is $379,178.99 in claims in this class as of the
Petition Date. Because the Allowed Claims of Premier Bank will not
be paid in full, there will be no distribution to any Allowed Claim
in this Class under this Plan. This Class is impaired but deemed to
reject this Plan.

Class 5 consists of the outstanding membership interests in by the
Debtor, all of which are owned by James and Kerri Mauro. Upon the
Effective Date the Mauros will retain their membership interests in
the Debtor.

The Plan will be implemented and funded through the future business
operations of the Reorganized Debtor. As a part of its
reorganization, the Debtor does not contemplate the sale of any
assets, however assets may be sold to the extent that it is later
determined they are no longer of value to the Reorganized Debtor's
business operation or their useful life for the Reorganized Debtor
has expired.

A full-text copy of the Plan of Reorganization dated April 14,
2022, is available at https://bit.ly/3vskupN from PacerMonitor.com
at no charge.

               About Foresight Acquisitions, LLC

Foresight Acquisitions, LLC, is a merchant wholesaler of men's
apparel and accessories. It sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 21-51740) on
Dec. 23, 2021.  In the petition signed by James T. Mauro,
president, the Debtor disclosed $2,017,248 in assets and $2,776,776
in liabilities.

Judge Alan M. Koschik oversees the case.

Frederic P. Schwieg, Esq. at Frederic P. Schwieg Attorney at Law,
is the Debtor's counsel.


FORGE REALTY: Seeks to Hire Rosenberg, Musso & Weiner as Counsel
----------------------------------------------------------------
Forge Realty, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to employ Rosenberg, Musso &
Weiner, LLP as its legal counsel.

The firm's services include:

     (a) advising the Debtor regarding its powers and duties in the
continued operation of its business and management of its
property;

     (b) preparing legal papers; and

     (c) performing all other legal services, which may be
necessary and appropriate in this Chapter 11 case.

The hourly rates charged by the firm's attorneys are as follows:

     Partners     $700 per hour
     Associates   $600 per hour

The firm received a retainer of $15,000 from Bede Macpherson Inc.
John Pappas, the Debtor's managing member, is an officer of Bede
Macpherson.

As disclosed in court filings, Rosenberg is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Bruce Weiner, Esq.
     Rosenberg Musso & Weiner, LLP
     26 Court Street, Suite 2211
     Brooklyn, NY 11242
     Telephone: (718) 855-6840
     Facsimile: (718) 625-1966
     Email: courts@nybankruptcy.net

                         About Forge Realty

Forge Realty, LLC is a real estate company that owns a commercial
condominium located at 123-32 82nd Ave. Kew Gardens, N.Y., with a
current value of $1.2 million.

Forge Realty filed for Chapter 11 protection (Bankr. E.D.N.Y. Case
No. 22-40707) on April 4, 2022. In the petition filed by John
Pappas, managing member, the Debtor listed $1,200,000 in total
assets and $4,217,464 in total liabilities.

Judge Nancy Hershey Lord oversees the case.

Bruce Weiner, Esq., at Rosenberg Musso & Weiner, LLP serves as the
Debtor's legal counsel.


FSO JONES: Evan Park Howell III Represents Union Entities
---------------------------------------------------------
In the Chapter 11 cases of FSO Jones, LLC, et al., Attorney at Law,
Evan Park Howell III submitted a verified statement under Rule 2019
of the Federal Rules of Bankruptcy Procedure, to disclose that it
is representing the Directors Guild of America, Inc., Screen Actors
Guild - American Federation of Television and Radio Artists,
Writers Guild of America, West, Inc.

The Union Entities retained Evan Park Howell III, Attorney at Law,
as local counsel, to represent them in connection with potential
restructuring discussions involving the Debtors. Prior to the
filing of the cases involving the Debtors, Joseph A. Kohanski,
Esq., David E. Ahdoot, Esq. of, and the law firm of Bush Gottlieb,
A Law Corporation have represented the Union Entities, for several
decades, in Bankruptcy matters nationwide.

Counsel represents the Union Entities and does not presently
represent or purport to represent any other entities with respect
to the Debtors' chapter 11 cases. In addition, each member of the
Union Entities does not purport to act, represent, or speak on
behalf of any other entities in connection with the Debtors'
chapter 11 cases, except to disclose, out an abundance of caution,
that there may be certain Debtor obligations, the existence and
extent of which are currently unknown, which may be owed to other
related Union Entity pension and health plans, enforceable by the
Union Entities, pursuant to applicable collective bargaining
agreements.

The addresses of each Union Entity are:

     Directors Guild of America, Inc.
     7920 Sunset Boulevard
     Los Angeles, CA 90046

     Screen Actors Guild-American Federation of
     Television and Radio Artists
     5757 Wilshire Boulevard, 7th Floor
     Los Angeles, California 90036

     Writers Guild of America, West, Inc.
     7000 West Third Street
     Los Angeles, CA 90048

Debtor engagement in pre-production, production and/or distribution
of various motion picture and/or television projects produced
subject to certain collective bargaining and/or secured obligations
with each Union Entity. Pursuant to those applicable agreements,
such interest can only be fully investigated based on review of the
books and records of the Debtors, accordingly, the information
stated herein is subject to change after further investigation.

Nothing in this Verified Statement should be construed as a
limitation upon, or a waiver of, the right of any of the Union
Entities to assert, file, or amend its claims in accordance with
applicable law and any orders entered in these chapter 11 cases.

Upon information and belief formed after due inquiry, Counsel does
not own, and has not owned, any claims against or equity securities
in the Debtors.

Counsel reserves the right to revise, supplement, and/or amend this
Verified Statement at any time in the future.

Counsel for Party in Interest and Creditor: Directors Guild of
America, Inc., Screen Actors Guild - American Federation of
Television and Radio Artists, Writers Guild of America, West, Inc.
can be reached at:

          Evan Park Howell III, Esq.
          1 Galleria Blvd, Suite 1900
          Metairie, LA 70001
          Telephone: (504) 343-4346
          Facsimile: (504) 613-6733
          E-mail: ehowell@ephlaw.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com,
is available at https://bit.ly/3KXhWqo

                    About FSO Jones LLC

FSO Jones, LLC is a global entertainment company that acquires,
co-produces anddistributes films, digital content and music across
multiple formats such as theatrical,television and OTT digital
media streaming to consumers.

FSO Jones LLC sought Chapter 11 bankruptcy protection (Bankr. E.D.
La. Case No. 22-10196) on Feb. 28, 2022.  In the petition filed by
Noah Fogelson, EVP and general counsel, FSO Jones listed estimated
assets between $10 million and $50 million and estimated
liabilities between $100 million and $500 million.

The case is handled by Honorable Judge Meredith S. Grabill.

KIRKLAND & ELLIS LLP, KIRKLAND & ELLIS INTERNATIONAL LLP, and
HELLER, DRAPER & HORN, LLC serve as counsel to the Debtors.


FSO JONES: Taps Heller Draper & Horn as Co-Counsel
--------------------------------------------------
FSO Jones, LLC and Migration Productions I LA, LLC seek approval
from the U.S. Bankruptcy Court for the Eastern District of
Louisiana to employ Heller Draper & Horn, LLC to serve as
co-counsel with Kirkland & Ellis.

The firm's services include:

   a. advising the Debtors with respect to their rights, powers and
duties in the continued operation and management of their business
and property, and acting as local counsel as necessary;

   b. preparing legal papers and reviewing all financial reports to
be filed;

   c. advising the Debtors concerning, and preparing responses to,
documents, which may be filed by other parties;

   d. appearing in court and assisting the Debtors at the initial
interviews and Section 341 meetings;

   e. representing the Debtors in connection with the use of cash
collateral and obtaining post-petition financing;

   f. assisting in the negotiation and documentation of financing
agreements, cash collateral orders and related transactions;

   g. investigating the nature and validity of liens asserted
against the property of the Debtors, and advising the Debtors
concerning the enforceability of said liens;

   h. taking necessary actions to collect income and assets in
accordance with applicable law, and to recover property for the
benefit of the estate;

   i. advising the Debtors in connection with any potential
property dispositions;

   j. advising the Debtors concerning executory contracts and
unexpired lease assumption, assignment or rejection, and lease
restructuring and recharacterization;

   k. assisting the Debtors in reviewing, estimating and resolving
claims asserted against the estates;

   l. commencing and conducting litigation to assert rights held by
the Debtors; and

   m. performing all other necessary legal services for the
Debtors.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     Attorneys      $300 to $500 per hour
     Paralegals     $125 per hour

The firm will also seek reimbursement for out-of-pocket expenses.

The retainer fee is $50,000.

Douglas Draper, Esq., a partner at Heller Draper & Horn, disclosed
in a court filing that his firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Douglas S. Draper, Esq.
     Heller Draper & Horn, LLC
     650 Poydras Street, Suite 2500
     New Orleans, LA 70130
     Tel: (504) 299-3300
     Email: ddraper@hellerdraper.com

             About FSO Jones and Migration Productions

FSO Jones, LLC is a global entertainment company that acquires,
co-produces and distributes films, digital content and music across
multiple formats such as theatrical, television and OTT digital
media streaming to consumers.

FSO Jones and its affiliate, Migration Productions I LA, LLC,
sought Chapter 11 bankruptcy protection (Bankr. E.D. La. Lead Case
No. 22-10196) on Feb. 28, 2022.  Both Debtors listed $10 million to
$50 million in assets and $100 million to $500 million in
liabilities.

Judge Meredith S. Grabill oversees the cases.

Kirkland & Ellis, LLP, Kirkland & Ellis International, LLP, and
Heller Draper & Horn, LLC serve as the Debtors' legal counsels.


GARDEN VIEW: Taps Florida Advanced Properties as Property Manager
-----------------------------------------------------------------
Garden View Condominium Apartments Association, Inc. seeks approval
from the U.S. Bankruptcy Court for the Southern District of Florida
to employ Florida Advanced Properties, Inc. as its property
manager.

The firm will render these services:

     (a) meet and discuss upcoming goals and activities for the
Debtor;

     (b) review, interpret and modify the Debtor's governing
documents in accordance with the board of directors' objective;

     (c) guide the board with the development or update of rules
and regulations along with enforcement procedures;

     (d) prepare and distribute the Debtor's correspondence and
notices;

     (e) prepare agenda and coordinate notices as per Florida
Statute requirements, mail proxies, ballots, voting certificates;

     (f) prepare agenda and coordinate notices as per Florida
Statute requirements, post agenda, attend monthly meetings and
assist in the preparation of minutes of the meeting;

     (g) review insurance coverage and present recommendations;

     (h) maintain central business office for the Debtor;

     (i) maintain current records including resident and unit owner
information, contracts, insurance information, accounting records,
and a vast variety of other miscellaneous official records for the
Debtor;

     (j) prepare the Debtor's application package for potential
buyers and tenants;

     (k) facilitate legal counsel assistance in appropriate
matters;

     (l) analyze and propose energy conservation measures;

     (m) assist the board of directors in the creation of the
Debtor's newsletter;

     (n) accessible 24 hours a day, seven days per week for
emergency services;

     (o) conduct inspections of the Debtor's common areas;

     (p) respond to maintenance request, concerns, suggestions,
complaints or questions in a prompt and systematic manner by
courteous staff, trained to provide excellent customer service;

     (q) arrange for outside professional consultant to prepare
specifications for projects;

     (r) available part-time or full-time maintenance employees for
the Debtor's upkeep;

     (s) provide a preventive maintenance program for the buildings
and grounds;

     (t) supervise routine and special projects conducted in the
property; and

     (u) prepare annual fire code inspection if required.

The firm has agreed to provide the services for a monthly fee of
$4,000.

As disclosed in court filings, Florida Advanced Properties is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

     Florida Advanced Properties, Inc.
     P.O. Box 770010
     Miami, FL 33177
     Telephone: (305) 233-5959
     Facsimile: (305) 517-3417
     Email: admin@FloridaAdvanced.com

                   About Garden View Condominium
                      Apartments Association

Miami-based Garden View Condominium Apartments Association, Inc.
filed its voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 21-21650) on Dec. 13,
2021, listing up to $500,000 in assets and up to $10 million in
liabilities. Joseph Varela, president, signed the petition.  

Judge Robert A. Mark oversees the case.

John Paul Arcia, Esq., at John Paul Arcia, P.A. represents the
Debtor as legal counsel.


GREENVILLE CASUALTY: A.M. Best Affirms B(Fair) Fin. Strength Rating
-------------------------------------------------------------------
AM Best has revised the outlooks to stable from positive and
affirmed the Financial Strength Rating of B (Fair) and the
Long-Term Issuer Credit Rating of "bb+" (Fair) of Greenville
Casualty Insurance Company (Greenville Casualty) (Greer, SC).

The Credit Ratings (ratings) reflect Greenville Casualty's balance
sheet strength, which AM Best assesses as adequate, as well as its
marginal operating performance, limited business profile and
marginal enterprise risk management.

The revised outlooks to stable from positive reflect the
substantial deterioration in Greenville Casualty's underwriting and
operating performance in 2021, which resulted in a moderate decline
in policyholders' surplus. These results fell significantly short
of management's financial projections. The deterioration in the
company's underwriting results was driven by a sharp decline in net
premiums written due to the runoff of Greenville Casualty's
existing South Carolina private passenger non-standard auto program
and a delay in the implementation of its new ISO-based program. The
deterioration in underwriting results also was driven by the
settlement of two bad faith claims.

The rating affirmations were based on Greenville Casualty's
strongest level of risk-adjusted capitalization, as measured by
Best's Capital Adequacy Ratio (BCAR), and modest underwriting
leverage, which were derived from modest growth in policyholders'
surplus and reduced premium writings over the most recent five-year
period. Management anticipates that premiums will rebound with its
new South Carolina auto program, and improved claims results due to
initiatives implemented by the company.



GULF COAST HEALTH: Says It Needs 3rd-Party Releases in Ch. 11 Plan
------------------------------------------------------------------
Rick Archer of Law360 reports that nursing home operator Gulf Coast
Health Care LLC urged a Delaware bankruptcy judge Thursday, April
14, 2022, to approve its Chapter 11 plan and override objections to
its third-party releases, saying they are necessary for the plan to
work.

In a memorandum, Gulf Coast argued the third-party releases are
allowed under Third Circuit standards because they are the only
plausible road to any recovery for the company's unsecured
creditors.  "The global resolution embodied in the plan and the
projected recoveries for holders of general unsecured claims and
litigation claims is dependent upon substantial contributions from
the third-party released parties," it said.

                  About Gulf Coast Health Care

Gulf Coast Health Care, LLC, is a licensed operator of 28 skilled
nursing facilities comprising nearly 3,350 licensed beds across
Florida, Georgia, and Mississippi.  It provides short-term
rehabilitation, comprehensive post-acute skilled care, long-term
care, assisted living, and therapy services in each of its
facilities.

Gulf Coast Health Care and 61 affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 21-11336) on Oct. 14,
2021.  In the petition signed by Benjamin M. Jones as chief
restructuring officer, Gulf Coast listed up to $50 million in
assets and up to $500 million in liabilities.

The cases are handled by Judge Karen B. Owens.

The Debtors tapped McDermott Will & Emery LLP and Ankura Consulting
Group LLC as legal counsel and restructuring advisor, respectively.
M. Benjamin Jones of Ankura serves as the Debtors' chief
restructuring officer.  Epiq Corporate Restructuring, LLC, is the
claims, noticing, and administrative agent.

On Oct. 25, 2021, the U.S. Trustee for Region 3 appointed an
official committee of unsecured creditors in the Chapter 11 cases.
Greenberg Traurig, LLP, and FTI Consulting, Inc., serve as the
committee's legal counsel and financial advisor, respectively.

The Debtor filed its proposed Chapter 11 plan and disclosure
statement on Oct. 28, 2021.


HEMANI HOSPITALITY: Seeks Approval to Hire P&P as Accountant
------------------------------------------------------------
Hemani Hospitality, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Pennsylvania to employ P&P
Accountants and Tax Consultants as accountant.

The firm's services include:

    (a) preparing the Debtor's income tax returns;

    (b) providing tax advice on the Debtor's proposed plan of
reorganization;

    (c) assisting with the preparation of monthly operating
reports; and

    (d) providing projections and other accounting assistance as
needed by the Debtor.

P&P will charge $150 per hour for associate and manager level
bookkeeping, and $250 per hour for partner level tax preparation
and consulting services.

In addition, the firm will seek reimbursement for expenses
incurred.

Vishal Panchal, a certified public accountant at P&P, disclosed in
a court filing that the firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Vishal Panchal, CPA
     P&P Accountants and Tax Consultants
     13 Highland Dr.
     Parlin, NJ 08859
     Telephone: (862) 216-7996
    
                     About Hemani Hospitality

Hemani Hospitality, LLC is a New Jersey limited liability company
formed in 2005. It owns and operates the Baymont by Wyndham Hotel
in Chambersburg, Pa.

Hemani Hospitality filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. M.D. Pa. Case No. 21-02416) on Nov.
11, 2021, listing as much as $10 million in both assets and
liabilities. Lisa Ann Rynard serves as Subchapter V trustee.

Judge Henry W. Van Eck oversees the case.

The Debtor tapped Beverly Weiss Manne, Esq., at Tucker Arensberg,
PC as legal counsel and P&P Accountants and Tax Consultants as
accountant.


HOME ENERGY: Seeks to Tap Van Horn Law Group as Bankruptcy Counsel
------------------------------------------------------------------
Home Energy Advisors, Inc. received approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ Van
Horn Law Group, PA as its legal counsel.

The firm's services include:

     (a) advising the Debtor regarding its powers and duties in the
continued management of its business operations;

     (b) advising the Debtor regarding its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

     (c) preparing legal papers;

     (d) protecting the interest of the Debtor in all matters
pending before the court;

     (e) representing the Debtor in negotiation with its creditors
in the preparation of a Chapter 11 plan.

The Debtor paid the firm a total retainer of $6,738.

The firm's hourly rates range from $150 to $450 per hour for law
clerks, paralegals, and attorneys.

In addition, the firm will seek reimbursement for expenses
incurred.

Chad Van Horn, Esq., an attorney in the law firm of Van Horn Law
Group, disclosed in a court filing that the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Chad Van Horn, Esq.
     Van Horn Law Group, PA
     330 North Andrews Avenue, Suite 450
     Fort Lauderdale, FL 33301-1012
     Telephone: (954) 637-0000
     Email: chad@cvhlawgroup.com

                     About Home Energy Advisors

Home Energy Advisors, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 22-01106) on March
21, 2022, listing as much as $1 million in both assets and
liabilities. Ben Testoni, chief executive officer and managing
member, signed the petition.

Judge Caryl E. Delano oversees the case.

Chad Van Horn, Esq., at Van Horn Law Group, PA serves as the
Debtor's legal counsel.


HOUSTON HOUSING: Fitch Cuts on 2018A Housing Bonds to BB-
---------------------------------------------------------
Fitch Ratings has downgraded the Houston Housing Finance
Corporation, TX's multifamily housing revenue bonds, Villa
Americana Apartments series 2018A to 'BB-' from 'BBB- '.

The Rating Outlook remains Negative.

ANALYTICAL CONCLUSION

The downgrade reflects weakened financial and operating profiles.
The project's debt service coverage (DSC) fell below the 'BBB'
level thresholds in 2021. It requires surplus funding from the
Operating Reserve Fund to maintain the covenant ensured DSC of
1.11x, which is in line with the 'BB' category under Fitch's U.S.
Affordable Housing Criteria. Fitch calculated a 1.07x DSC for the
project's operations for fiscal 2021 before adding reserve funds.

The Negative Outlook reflects a physical inspection score by the
Real Estate Assessment Center (REAC) from the Housing and Urban
Development (HUD) of 61c that was published in 2021 (down from 88b
in 2018). The 2021 REAC HUD's physical inspection score reports at
least one life-threatening health and safety deficiencies, which
risks a breach in the Housing Assistance Payments Contract (HAP
contract). A score of 60 or below is a failing score and leads to
the termination of the HAP contract if not cured within HUD's
required timeframe.

SECURITY

The series 2018A bonds were issued under a master indenture that
pledge net revenues derived from the operation of affordable
housing rents and low-income housing tax credit equity.

KEY RATING DRIVERS

Financial Profile - 'bb' - the downgrade reflects a weak financial
position. The project's DSC falls below the BBB level rating.
Covenant provisions that operating reserves must be legally
available revenue to service debt ensures a 1.11x debt coverage
which is in line with 'BB' level rating thresholds Fitch calculated
a 1.07x DSC for the project's operations for fiscal 2021. Given the
insufficient coverage and based on the bond documents, the project
required an operating reserve deposit of 7% ($85,000) from the
operating reserve fund. The operating reserve fund has an available
balance of $1,200,091 as of February 2022 and can be used if there
is a shortfall to pay debt service and replenished from future
cashflows.

Operating Risks - 'bb'- the rating downgrade also reflects a
weakened operating profile. In 2021 a REAC score of 61c (down from
88b in 2018) was published for Villa Americana. The 2021 REAC HUD's
physical inspection score is demonstrating at least one
life-threatening health and safety deficiencies identified, risking
a breach in the HAP contract.

The Negative Outlook reflects challenges related to the management
and oversight of Villa Americana, in particular with regard to
addressing the conditions that lead to a poor REAC score. Villa
Americana is managed by ITEX Property Management, which currently
manages 40 affordable housing properties throughout Texas and
Colorado. The average REAC HUD's physical inspection score for
ITEX's federally subsidized properties is 76% as of April 2022,
down from 80.15% in March 2020.

Revenue Defensibility - 'a'- Villa Americana's rental rates are
below-market with a 60% restriction of area median income (AMI),
strong occupancy averaging approximately 95% for 2021 and 92.25% as
of March 2022, and a waiting list at maximum capacity no longer
accepting applicants as March 2022, totaling 669 applicants. The
Rental Revenue for Villa Americana is fully funded under a 20-year
Section 8 Housing HAP Contract, pledged to debt service.

ESG - Social and Governance Issues: Villa Americana has Customer
Welfare concerns due to the quality and safety of housing units as
a result of the at least one life-threatening health and safety
deficiencies identified. It also has Management strategy concerns
due to the REAC HUD's physical inspection score of 61c risking
breach in the HAP contract.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- Ongoing stabilization of operating expenses that leads to
    higher project net operating income (NOI) and DSCR.

-- The project maintains NOI that yields a DSCR conducive to the
    rating balanced with longer‐term maintenance of the Section 8

    HAP contract, which will continue to provide the revenue
    stream for operations and debt service coverage.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- Continued decline in the REAC HUD's physical inspection scores

    resulting in the loss of the HAP Contract.

-- A full depletion of operating reserve fund available for debt
    service at 1.11x.

-- Significant increases in operating expenses that put pressure
    on the DSCR. Currently, the project can sustain operating
    increases of 22% before bonds reach a 1.00x coverage.

-- The project is sensitive to management oversight and
    challenges related to the ability to control operating
    expenses, combined with occupancy rates above 95%, which may
    present unanticipated financial burdens for 2022.

-- A transition in the asset servicer or manager with little
    track record in federally subsidies housing programs may
    negatively impact the current rating level.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

CREDIT PROFILE

Villa Americana was built in 1972 and is located in Houston, TX. It
provides affordable housing for 258 families consisting of
federally subsidized Section 8 and LIHTC apartments and town homes.
The bonds were issued February 2018 for the acquisition and major
rehab of Villa Americana Apartments.

ESG CONSIDERATIONS

Villa Americana Housing Partners, LP (TX) has an ESG Relevance
Score of '5' for Customer Welfare - Fair Messaging, Privacy & Data
Security due to REAC HUD's physical inspection of 61c as of 2021
demonstrating at least one life-threatening health and safety
deficiencies identified, which has a negative impact on the credit
profile and is highly relevant to the rating, resulting in a
Negative Outlook.

Villa Americana Housing Partners, LP (TX) has an ESG Relevance
Score of '5' for Management Strategy due to REAC HUD's physical
inspection of 61c from HUD risking breach in the HAP contract,
which has a negative impact on the credit profile and is highly
relevant to the rating, resulting in a Negative Outlook.

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means 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.


INTEGRITY CONSTRUCTION: Taps Vortman & Feinstein as Legal Counsel
-----------------------------------------------------------------
Integrity Construction Solutions, LLC received approval from the
U.S. Bankruptcy Court for the Western District of Washington to
employ Vortman & Feinstein as its bankruptcy counsel.

The firm's services include:

     (a) protecting and preserve the Debtor's bankruptcy estate;

     (b) preparing legal papers;

     (c) negotiating with creditors concerning a Chapter 11 plan,
preparing the Debtor's plan, disclosure statement and related
documents, and taking the steps necessary to confirm and implement
the plan; and

     (d) other legal services as may be required in connection with
the Debtor's Chapter 11 case.

The hourly rates of the firm's attorneys are as follows:

     Kathryn P. Scordato    $350
     Larry B. Feinstein     $425

The firm received a retainer of $7,500, plus $1,738 for filing
fee.

Kathryn Scordato, Esq., an attorney at Vortman & Feinstein,
disclosed in a court filing that her firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Larry B. Feinstein, Esq.
     Kathryn P. Scordato, Esq.
     Vortman & Feinstein
     2033 Sixth Avenue, Suite 251
     Seattle, WA 98121
     Telephone: (206) 223-9595
     Facsimile: (206) 386-5355

              About Integrity Construction Solutions

Integrity Construction Solutions, LLC filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Wash.
Case No. 22-10353) on March 7, 2022, listing up to $500,000 in
assets and up to $10 million in liabilities. Virginia Burdette
serves as Subchapter V trustee.

Judge Christopher M. Alston oversees the case.

Vortman & Feinstein is the Debtor's legal counsel.


ITURRINO AND ASSOCIATES: Case Summary & Three Unsecured Creditors
-----------------------------------------------------------------
Debtor: Iturrino and Associates Inc.
          dba Dry Clean Super Center on Golden Triangle
        4624 Golden Triangle Blvd.
        Keller, TX 76244

Business Description: The Debtor operates a Dry Clean Super
                      Center located in Keller, Texas.

Chapter 11 Petition Date: April 18, 2022

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 22-40850

Judge: Hon. Edward L. Morris

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  1412 Main Street, Suite 500
                  Dallas, TX 75202
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  Email: joyce@joycelindauer.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Josh Iturrino, president/CEO.

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

https://www.pacermonitor.com/view/CVCRWHA/Iturrino_and_Associates_Inc__txnbke-22-40850__0003.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/CPVTZTA/Iturrino_and_Associates_Inc__txnbke-22-40850__0001.0.pdf?mcid=tGE4TAMA


JEFFERSON-11TH STREET: Seeks to Hire Blumenthal as Special Counsel
------------------------------------------------------------------
Jefferson-11th Street, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Columbia to employ Blumenthal, Cordone &
Erklauer PLLC as its special counsel.

The firm's services include:

     (a) advising the Debtor regarding lease negotiations;

     (b) representing the Debtor in litigation regarding general
real estate matters;

     (c) representing the Debtor in any appeals;

     (d) appearing before the Rental Housing Commission; and

     (e) negotiating with all parties to address real estate
issues.

The hourly rates of the firm's counsel and staff are as follows:

     Carol Blumenthal   $450
     Edward Cordone     $425
     Kate Erklauer      $400
     Staff              $100

Carol Blumenthal, Esq., an attorney at Blumenthal, Cordone &
Erklauer, disclosed in a court filing that her firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Carol Blumenthal, Esq.
     Blumenthal, Cordone & Erklauer PLLC
     7325 Georgia Ave. NW
     Washington, DC 20012
     Telephone: (202) 332-5279
    
                    About Jefferson-11th Street

Jefferson-11th Street, LLC is primarily engaged in renting and
leasing real estate properties. The Debtor is the fee simple owner
of a real property located at 2724, 11th St., NW, Washington, DC,
valued at $5 million.

Jefferson-11th Street sought Chapter 11 bankruptcy protection
(Bankr. D.D.C. Case No. 22-00059) on March 31, 2022. In the
petition filed by Francis Hill Parker, managing member, the Debtor
disclosed $5,531,267 in total assets and $1,931,368 in total
liabilities.

Judge Elizabeth L. Gunn oversees the case.

The Debtor tapped McNamee Hosea, PA as bankruptcy counsel and
Blumenthal, Cordone & Erklauer, PLLC as special counsel.


JEFFERSON-11TH STREET: Seeks to Tap The Zupancic Group as Realtor
-----------------------------------------------------------------
Jefferson-11th Street, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Columbia to employ The Zupancic Group of
Marcus & Millichap Real Estate Investment Services as realtor.

The firm will render these services:

     (a) market the Debtor's property;

     (b) meet with prospective purchasers;

     (c) draft sales contracts;
    
     (d) provide advice on the value of the property; and

     (e) perform any other service which may be reasonably
necessary to consummate a sale of the property.

The firm will get a commission of 5 percent of the gross purchase
price of any approved sale of the property.

As disclosed in court filings, the firm is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Martin Zupancic
     Nicholas Murray
     The Zupancic Group of Marcus & Millichap Real Estate
Investment Services
     7200 Wisconsin Ave., Suite 1101
     Bethesda, MD 20814
     Phone: (202) 536-3788
     Email: marty.zupancic@marcusmillichap.com

                    About Jefferson-11th Street

Jefferson-11th Street, LLC is primarily engaged in renting and
leasing real estate properties. The Debtor is the fee simple owner
of a real property located at 2724, 11th St., NW, Washington, DC,
valued at $5 million.

Jefferson-11th Street sought Chapter 11 bankruptcy protection
(Bankr. D.D.C. Case No. 22-00059) on March 31, 2022. In the
petition filed by Francis Hill Parker, managing member, the Debtor
disclosed $5,531,267 in total assets and $1,931,368 in total
liabilities.

Judge Elizabeth L. Gunn oversees the case.

The Debtor tapped McNamee Hosea, PA as bankruptcy counsel and
Blumenthal, Cordone & Erklauer, PLLC as special counsel.


JEWEL SUNSET: Unsecureds' Recovery Hiked to 3.31% in Plan
---------------------------------------------------------
Jewel Sunset Holdings, LLC submitted a First Amended Plan of
Reorganization dated April 14, 2022.

The events leading to the filing of its bankruptcy case by the
Debtor were caused by Debtor falling behind on payments on its
secured SBA loan with First National Bank of Pennsylvania, due to
the COVID-19 pandemic and the historic flood of Lake LBJ and Lake
Marble Falls in October 2018. The collateral for the loan with
First National Bank of Pennsylvania is the Debtor's equipment.

In order to continue business operations and reorganize its debts
Debtor filed a Chapter 11, SubChapter V bankruptcy case. By
extending the terms of the repayment terms of the debts owed by
Debtor, Debtor believes that it will be able to successfully
reorganize, and pay its Unsecured Creditors 3.31% of their Allowed
Claims.

Debtor currently derives income from its business operations. The
Debtor will continue to own and control the assets it currently
has, during the pendency of its bankruptcy case.

The Debtor's financial projections show that the Debtor will have
projected disposable income of approximately $600,000 which will be
adequate to pay all Unsecured Creditors 3.31% of their Allowed
Claims. The final Plan payment is expected to be paid in June,
2027.

Class 1 consists of the Allowed Secured Claim of First National
Bank. The Allowed Secured Claim of First National Bank is secured
by valid UCC financing statements and judgment on all business
assets, valued at $137,468.00 owned by Debtor. This Creditor's
secured claim will be paid in equal monthly installments. This
Creditor shall retain its lien upon the Debtor's business assets.

Class 3 consists of Non-priority Unsecured Creditors. This class
consists of Allowed Claims of non-priority unsecured Creditors,
specifically including unsecured portions of any debts and
lienholders who are actually unsecured, due to other liens being
higher in priority. Such debts will be paid on a pro rata basis
after the payment of all Allowed Claims higher in priority. Debtor
estimates that over $40,000 will be paid to its class. The allowed
unsecured claims total $2,442,833.

The Plan will be funded, in part, by the Debtor paying its
disposable income into the Plan from continued operations of the
Debtor, as is set forth in the Debtor's Five Year Financial
Projection. The Debtor's principals will continue to manage the
Debtor's operations.

A full-text copy of the First Amended Plan dated April 14, 2022, is
available at https://bit.ly/3EtQWfD from PacerMonitor.com at no
charge.

Attorney for Debtor:

     Jerome A. Brown, Esq.
     The Brown Law Firm
     13900 Sawyer Ranch Road
     Dripping Springs, TX 78620
     Phone: (512) 306-0092
     Fax: (512) 521-0711
     Email: jerome@brownbankruptcy.com

                    About Jewel Sunset Holdings

Jewel Sunset Holdings, LLC is a family-owned and operated company
that sells, installs and services a variety of boat lifts and
marine products on the Highland Lakes and surrounding areas.  The
company is based in Llano, Texas.

Jewel Sunset Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Texas Case No. 21-10914) on Nov. 29,
2021, listing up to $500,000 in assets and up to $10 million in
liabilities.  Penny Steele, president of Jewel Sunset Holdings,
signed the petition.

Judge Tony M. Davis oversees the case.

Jerome A. Brown, Esq., at The Brown Law Firm serves as the Debtor's
legal counsel.


LANAI LAND: Seeks Approval to Hire Petroleum Geologist
------------------------------------------------------
Lanai Land Corporation seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Scott Becker, a
Texas-based petroleum geologist.

The Debtor requires the services of a geologist to transmit
geological information from the wellsite and to oversee drilling
operations.

Mr. Becker will be paid $1,500 per month.

As disclosed in a court filing, Mr. Becker is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

Mr. Becker can be reached at:

     Scott C Becker
     Generating Petroleum Geologist
     Tel: (281) 935-4928

                   About Lanai Land Corporation

Lanai Land Corporation, a utility services provider in Corpus
Christi, Texas, filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. S.D. Texas Case No. 22-20057 on March
8, 2022, listing as much as $10 million in both assets and
liabilities. Chris Quinn serves as Subchapter V trustee.

Judge David R. Jones oversees the case.

Susan Tran Adams, Esq., at Tran Singh, LLP serves as the Debtor's
legal counsel.


LAUREL APPAREL: Boyish Jeans Files for Chapter 11 Bankruptcy
------------------------------------------------------------
Laurel Apparel Group, LLC, d/b/a Boyish Jeans, filed for chapter 11
protection.

Laurel Apparel Group immediately filed a motion for entry of an
order approving bid procedures in connection with the proposed sale
of substantially all of the assets of the Debtor.

The Debtor's most valuable asset is its brand, customer
relationships and market position.  The Debtor is suffering
deterioration to its brand due to its inability to produce and ship
product, develop new product for the market and promote product,
all of which is leading to the devaluation to its most valuable
assets.  If a sale of the assets does not close immediately, the
current buyer (and likely other interested parties) will lose
interest because they will miss Fall sales and the attendant income
and the estate may become administratively insolvent.

1345737 Canada, Inc. has executed a written Asset Purchase
Agreement ("APA") and tendered its deposit to the Debtor to
purchase the Debtor's intellectual property, goodwill and customer
relationships and inventory ("Assets"), assets more particularly
identified in the APA.  The Assets do not include the Debtor's
cash, accounts receivable or avoiding power claims.  The Buyer also
has the option, but no obligation, to request that the Debtor
assume and assign its rights and interests in that certain lease of
the real property located at 1638 East 23rd Street Los Angeles,
California 90011-1804 ("Premises"), between the Debtor and CC 1
Property, LLC ("Lessor"), and the Debtor's other executory
contracts, for the sum of $250,000, plus such amount as is
necessary to cure and defaults under the assumed contracts.

According to a court filing, Laurel Apparel Group estimates between
1 and 49 unsecured creditors, including Creative Business Corp.,
Easton Fab Corporation Ltd. and Clearco.  The petition states funds
will be available to unsecured creditors.

                   About Laurel Apparel Group

Laurel Apparel Group LLC -- https://www.boyish.com/ -- doing
business as Boyish Jeans, is a sustainable women's denim line
focused on quality, fit, and authentic washes.

Laurel Apparel Group filed for chapter 11 protection (Bankr. C.D.
Cal. Case No. 22-11974) on April 7, 2022.  In the petition filed by
Jordan Nodarse, as managing member, Laurel Apparel estimated assets
between $100,000 and $500,000 and estimated liabilities of $1
million and $10 million.  The case is assigned to Honorable Judge
Sheri Bluebond.  James R Selth, of Weintraub & Selth, APC, is the
Debtor's counsel.


LEAR CAPITAL: Taps BMC Group as Administrative Agent
----------------------------------------------------
Lear Capital, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to employ BMC Group, Inc. as its
administrative agent.

The firm's services include:

   a. assisting in the preparation of the Debtor's schedules of
assets and liabilities and statements of financial affairs, and
gathering data in conjunction therewith;

   b. creating and maintaining databases for maintenance and
formatting of schedules and statements data;

   c. coordinating collection of data from the Debtor and its
advisors;

   d. providing data entry and quality assurance assistance
regarding the schedules and statements;

   e. in the event the Debtor files or seeks confirmation of a
Chapter 11 plan of liquidation, generating an official ballot
certification, testifying in support of the ballot tabulation
results, and managing any distributions pursuant to a confirmed
plan.

The hourly rates charged by the firm for its services are as
follows:

     Clerical/Document Custody          $28 to $50 per hour
     Analysts/Case Support Associates   $50 to $90 per hour
     Technology/Programming             $85 to $125 per hour
     Consultants/Senior Consultants     $85 to $125 per hour
     Project Manager/ Director          $150 to $175 per hour

The firm will also seek reimbursement for out-of-pocket expenses.

Tinamarie Feil, a partner at BMC Group, disclosed in a court filing
that her firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Tinamarie Feil
     BMC Group, Inc.
     600 1st Avenue
     Seattle, WA 98104
     Tel: (206) 499-2169
     Email: tfeil@bmcgroup.com

                         About Lear Capital

Lear Capital Inc. is a silver and gold coin dealer based in Los
Angeles, Calif.  

Lear Capital filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Del. Case No. 22-10165) on March 2,
2022, to weather possible future legal claims associated with its
sales practices as well as customer disclosures. Jami B. Nimeroff
serves as Subchapter V trustee.  

As of Feb. 28, 2022, Lear Capital had assets of $34,449,619 against
liabilities of $22,355,066.

Judge Brendan Linehan Shannon oversees the case.  

The Debtor tapped Shulman Bastian Friedman & Bui, LLP as general
bankruptcy counsel; Morris James, LLP as local counsel; Mitchell
Silberberg & Knupp, LLP as special litigation and corporate
counsel; Paladin Management Group as financial advisor; and Baker
Tilly US, LLP as accountant. BMC Group, Inc. is the claims,
noticing and administrative agent.


LIFE CARE: Fitch Affirms BB+ Rating on $84MM 2021A Revenue Bonds
----------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on approximately $84
million of series 2021A fixed rate revenue bonds issued by the St.
Johns County (FL) Industrial Development Authority on behalf of
Life Care Ponte Vedra (dba Vicar's Landing; VL). Fitch has also
affirmed VL's Issuer Default Rating (IDR) at 'BB+'.

The Rating Outlook is Stable.

SECURITY

The series 2021A bonds are secured by a revenue pledge of the
obligated group (OG). The OG will consist of the existing VL
campus, as well as the Oak Bridge expansion campus.

ANALYTICAL CONCLUSION

The rating affirmation reflects VL's strong market position as a
single site Type 'A' Life Plan Community in a favorable location,
and very good operating metrics, with operating ratios historically
at approximately 90%. These are balanced against an elevated debt
burden and project execution risk related to the sizable Oak Bridge
independent living (IL) expansion project.

Phase I of Oak Bridge, currently under construction, includes 109
IL cottages and apartments, and a club house being built on piece
of land near the current campus. VL owns only a portion of the land
on which Oak Bridge is being built and has entered into a ground
lease for the remaining land. Fitch expects the total project cost
for Phase I will be approximately $105 million and funded by a
combination of permanent long- and short-term debt.

Fitch expects the short-term debt to be paid down by entrance fees
from the new IL units. The clubhouse is scheduled to be completed
and open in July/August, and according to VL's management, IL
occupancy is projected to reach stabilization by 1Q23. The cottages
are planned to open first, and all 43 cottages have been presold.
Overall, Oak Bridge is 82% presold. VL anticipates completion of
phase I by the middle of 2023.

In Fitch's forward look, VL's operating performance remain strong
as it completes and fills the new IL units and pays down short-term
debt. Leverage metrics improve over this time but remain consistent
with a non-investment grade credit. VL's management is considering
moving forward with additional phases that would likely include
additional IL units. The space for this expansion is available on
the Oak Bridge land, which would include a potential AL/memory care
renovation/expansion. The additional phases are not factored into
the rating.

KEY RATING DRIVERS

Revenue Defensibility: 'a'

High-End LPC in a Quality Service Area

The strong revenue defensibility reflects VL's market position as a
high-end Type 'A' life plan community (LPC) in an advantageous
location adjacent to TPC Sawgrass golf course in Ponte Vedra Beach,
FL. Over the last four years, IL occupancy has ranged from 95% to
98%, and remained steady throughout the pandemic, reflecting solid
demand for services. VL maintains a good waitlist of approximately
264. Consistent with the sector, VL's assisted living and skilled
nursing occupancy dropped over the last two years; however, this
largely reflected residents not moving through the continuum of
care.

Historically, VL has not taken many outside admits directly into
its AL or skilled nursing, especially for short rehab in skilled
nursing, where life care contract residents make up the majority of
the skilled nursing census. As a result, the lower census did not
affect VLs revenue as much as LPCs that have a much greater
exposure to short-term rehab. The strong revenue defensibility also
reflects the good service area; Ponte Vedra is one of the
wealthiest communities in the Jacksonville area, with most of VL's
residents coming from the local community. Property values are
above average and growing. While competition is present in the
broader region, it is somewhat limited in the immediate service
area.

Operating Risk: 'bbb'

Solid Operations; Capital Ratios Stressed

VL's midrange operating risk assessment is supported by a history
of strong operating margins balanced by the significant capital
spending and associated debt. Over the last five years, the
operating ratio, averaged just under 90% and the net operating
margin; adjusted (NOMA) averaged approximately 25%. While the
pandemic softened margins, VL maintained a fiscal 2021 operating
performance consistent with the midrange assessment, as the
operating ratio and NOMA measured 92.5% and 17.9%, respectively.
The maintenance of high IL occupancy contributed to the operating
results. Moreover, VL's net entrance fees from existing units
remained positive at $1.6 million in fiscal 2021. Fitch expects VL
to continue to generate good operating metrics in the coming
years.

VL's average age of plant measured a favorably low 7.1 years at
fiscal year-end (FYE) 2021. Moving forward, capital spending will
be robust as the organization continues to fund the Oak Bridge
expansion campus. Fitch expects routine capital spending over this
time to be in the $4 million-$6 million range. Any additional
phases for the Oak Bridge project are not factored into the current
rating. While VL's capital-related metrics are stressed, Fitch
expects them to moderate as the Oak Bridge expansion fills and
occupancy stabilizes. MADS of $6.9 million, which will not be
tested until 2024 and includes the yearly ground lease payment,
represented a very high 26% of revenue in fiscal 2021.

Financial Profile: 'bb'

Moderately Stressed Financial Profile in the Forward-Look

At YE 2021, VL had unrestricted cash-to-adjusted debt of about
16.4% and annual debt service coverage of 2.9x (as calculated by
Fitch). The cash to adjusted debt is light for the rating level,
but includes short- term debt that is expected to paid down by Oak
Bridge entrance fees. The debt service coverage is much stronger
for the rating level. Fitch's baseline scenario, which is a
reasonable forward look of financial performance over the next five
years, given current economic expectations, and includes a
portfolio sensitivity customized to VL's asset allocation, shows
VL's operating ratio remaining largely consistent with historical
levels.

Capital spending will be above depreciation with a combination of
the debt funded expansion and routine capital. Given VL's strong
revenue defensibility and midrange operating risk assessments,
Fitch expects VL's key leverage metrics to improve over the next
few years, but remain consistent with a non-investment grade rating
as Phase I of Oak Bridge is built and filled. Days Cash on Hand
remains above 200 days in the base case, which is neutral to the
rating assessment.

Asymmetric Additional Risk Considerations

There are no asymmetric risk considerations associated with VL's
rating.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- Fitch views the potential for positive movement for the rating

    limited over the next three years, given the elevated debt
    burden.

-- Longer term, good cash flow leading to growth in unrestricted
    liquidity, such that cash to adjusted debt stabilizes at or
    above 50%.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- A decline in unrestricted liquidity and/or a material new
    money debt issuance such that cash to adjusted debt falls
    below 20% and is not expected to improve.

-- Weaker operating performance, such that debt service coverage
    is consistently under 1.4x.

-- Unexpected challenges executing the Oak Bridge project leading

    to delays and/or cost overruns.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

VL is a Type 'A' LPC consisting of 227 ILUs (including 15
cottages), 38 private assisted living units (ALU), and a 60-bed
skilled nursing facility. The community is located in Ponte Vedra
Beach, FL, approximately 25 miles southeast of downtown
Jacksonville. Historically, most residents had been on refundable
entrance fee contracts, but VL has been transitioning to
non-refundable contracts, and its associated refundable entrance
fee liability has declined. VL recorded approximately $23.9 million
in total operating revenue in fiscal 2021.

The sole corporate member of VL is Life Care Pastoral Services
(LCPS). There are no cross-obligations between VL and LCPS.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means 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.


LIMETREE BAY: Unsecureds Will Get 0% to 2% in Liquidating Plan
--------------------------------------------------------------
Limetree Bay Services, LLC and its Affiliated Debtors filed with
the U.S. Bankruptcy Court for the Southern District of Texas a
Combined Disclosure Statement and Chapter 11 Plan of Liquidation.

The Plan contemplates a liquidation of each of the Debtors and
their Estates. The primary objective of the Plan is to maximize the
value of recoveries to all Holders of Allowed Claims and to
distribute all property of the Estates that is or becomes available
for distribution generally in accordance with the priorities
established by the Bankruptcy Code. The Debtors believe that the
Plan accomplishes this objective and is in the best interest of the
Estates and therefore seek to confirm the Plan.

Pursuant to prior orders of the Bankruptcy Court, the Debtors sold
substantially all their assets to West Indies Petroleum Limited and
Port Hamilton Refining and Transportation, LLLP as a going concern.
The Plan provides for the distribution of the proceeds from the
sale of those assets remaining after satisfaction of the DIP
Obligations on the Effective Date of the Plan. The Plan also
contemplates the creation of a liquidating trust to liquidate and
administer substantially all remaining property of the Debtors,
including Claims and Causes of Action, not sold, transferred or
otherwise waived or released before the Effective Date.

The Plan provides for the liquidation of the Debtors (and the
eventual termination of each of the Debtors' respective corporate
existences), and payment, or other satisfaction, on or after the
Effective Date, of all allowed Administrative Expense Claims,
Priority Tax Claims, Other Priority Claims, Prepetition Revolver
Secured Debt Claims, Prepetition Term Secured Debt Claims, Other
Secured Claims, General Unsecured Claims, Governmental Fine and
Penalty Claims, and Prepetition Holdco Secured Debt Claims.

The Plan further provides for the potential reorganization of
Debtor Limetree Bay Refining, LLC at the election of the Purchaser
into an entity which shall be owned and managed by the Purchaser
and to which the Debtors' permits to operate the Refinery shall be
transferred on the Effective Date, and the cancellation of Equity
Interests, the Holders of which shall receive no distribution under
the Plan.

The Debtors sold substantially all their assets on January 21,
2022. Under the terms of the Sale, the Debtors retained certain
litigation claims and funds in order to wind down their operations
and make distributions to Creditors with Allowed Claims. The Plan
contemplates the creation of a Liquidating Trust on the Effective
Date for the purposes of effectuating the liquidation of the
Liquidating Trust Assets and distributing the proceeds of the
Liquidating Trust to the Beneficiaries of the Liquidating Trust,
which Liquidating Trust shall issue Class A Liquidating Trust
Units, Class B Liquidating Trust Units, and Class C Liquidating
Trust Units.

After carefully considering the structure and value of all bids
received at the reopened auction, the Debtors selected WIPL's $62
million bid as the winning bid and SCE's $57 million bid as the
back-up bid. The sale hearing occurred on December 21, 2021, and
the Bankruptcy Court entered the Sale Order that same day approving
the Debtors' sale to WIPL and Port Hamilton Refining and
Transportation LLLP together as the Purchaser. The sale to the
Purchaser closed on January 21, 2022.

The Liquidating Trust shall be managed by a Liquidating Trustee in
accordance with the Liquidating Trust Agreement and who shall be
selected by the Debtors after consultation with the Committee and
upon the consent of the Ad Hoc Term Lender Group. The primary
purpose of the Liquidating Trust and its Liquidating Trustee shall
be (i) administering, monetizing and liquidating the Liquidating
Trust Assets, (ii) resolving all Disputed Claims and (iii) making
all Distributions from the Liquidating Trust as provided for in the
Plan and the Liquidating Trust Agreement. The Liquidating Trust
Assets shall primarily consist of the Liquidating Trust Funding
Amount and the Liquidating Trust Causes of Action, among other
things.

Class 5 consists of General Unsecured Claims. The Debtors estimate
that the amount of General Unsecured Claims is no less than
$274,000,000. In full and final satisfaction of each Allowed
General Unsecured Claim, the Holder of such Claim shall receive its
Pro Rata Share of (i) the Class B3 Liquidating Trust Units and (ii)
the Class C2 Liquidating Trust Units. This Class is impaired. This
Class will receive a distribution of 0-2% of their allowed claims.

Class 9 consists of Equity Interests. On the Effective Date, all
Equity Interests will be deemed cancelled and extinguished. Holders
of Equity Interests will receive no property or Distribution under
the Plan on account of such Interests.

On the Effective Date, the Debtors shall transfer to the
Liquidating Trust the Liquidating Trust Assets. The Liquidating
Trust shall administer the Liquidating Trust Assets and distribute
Available Trust Cash to the Beneficiaries of the Liquidating Trust
in accordance with the terms of the Liquidating Trust Agreement,
Plan, and Plan Confirmation Order. The Liquidating Trust shall be
responsible for and shall have standing to evaluate, prosecute and
settle all causes of action transferred to the Liquidating Trust.

The Debtors shall transfer to the Liquidating Trust the Liquidating
Trust Funding Amount on the Effective Date for the administration
of the Liquidating Trust. The Liquidating Trust shall also retain
the Initial Class C Liquidating Trust Recoveries for funding the
administration of the Liquidating Trust. In the event of any
inconsistency between the terms of the Plan, the Plan Confirmation
Order and Liquidating Trust Agreement regarding the Liquidating
Trust, the terms of the Plan shall govern, unless expressly ordered
otherwise in the Plan Confirmation Order.

A full-text copy of the Combined Disclosure Statement and Plan
dated April 14, 2022, is available at https://bit.ly/3uTd5Rk from
PacerMonitor.com at no charge.

Attorneys to the Debtors:

     Elizabeth A. Green, Esq.
     Jimmy D. Parrish, Esq.
     BAKER & HOSTETLER LLP
     SunTrust Center, Suite 2300, 200 South Orange Ave.
     Orlando, FL 32801-3432
     Telephone: (407) 649-4000
     Facsimile: (407) 841-0168
     Email: egreen@bakerlaw.com
            jparrish@bakerlaw.com

          - and -

     Jorian L. Rose, Esq.
     45 Rockefeller Plaza
     New York, New York
     Telephone: (212) 589-4200
     Facsimile: (212) 589-4201
     Email: jrose@bakerlaw.com

            About Limetree Bay

Limetree Bay Energy is a large-scale energy complex strategically
located in St. Croix, U.S. Virgin Islands.  The complex consists of
Limetree Bay Refining, a refinery with peak processing capacity of
650 thousand barrels of petroleum feedstock per day, and Limetree
Bay Terminal, a 34-million-barrel crude and petroleum products
storage and marine terminal facility serving the refinery and
third-party customers.

Limetree Bay Refining, LLC, restarted operations in February 2021,
and is capable of processing around 200,000 barrels per day.  Key
restart work at the site began in 2018, including the 62,000
barrels per day modern, delayed Coker unit, extensive
desulfurization capacity, and a reformer unit to produce clean,
low-sulfur transportation fuels. The restart project provided much
needed economic development in the U.S.V.I. and created more than
4,000 construction jobs at its peak.

Limetree Bay Refining, LLC and its affiliates sought Chapter 11
protection on July 12, 2021.  The lead case is In re Limetree Bay
Services, LLC (Bankr. S.D. Texas Case No. 21-32351).  

Limetree Bay Terminals, LLC did not file for bankruptcy.

In the petitions signed by Mark Shapiro, chief restructuring
officer, Limetree Bay Services disclosed up to $10 million in
assets and up to $50,000 in liabilities.  Limetree Bay Refining,
LLC, estimated up to $10 billion in assets and up to $1 billion in
liabilities.

The Debtors tapped Baker & Hostetler LLP as bankruptcy counsel,
Beckstedt & Kuczynski LLP as special counsel, and GlassRatner
Advisory & Capital LLC, doing business as B. Riley Advisory
Services, as restructuring advisor.  Mark Shapiro of GlassRatner is
the Debtors' chief restructuring officer.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtors' cases on July 26, 2021.
Pachulski Stang Ziehl & Jones, LLP and Conway MacKenzie, LLC serve
as the committee's legal counsel and financial advisor,
respectively.

405 Sentinel, LLC serves as administrative and collateral agent for
the DIP lenders.


LITTLETON MAIN: Taps Newmark Valuation & Advisory as Appraiser
--------------------------------------------------------------
Littleton Main Street, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to employ Newmark Valuation &
Advisory, LLC as its appraiser.

The Debtor needs the firm's assistance to appraise the value of its
property located at 5710 South Prince St. in Littleton, Colo.

The firm will be paid a flat fee of $4,500 for its appraisal
services, $450 per hour for testimony and related work, and $225
per hour for travel time.

Laurel Barsa, executive vice president of Newmark Valuation &
Advisory, disclosed in a court filing that the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Laurel Barsa
     Newmark Valuation & Advisory, LLC
     4100 E. Mississippi Ave., Suite 950
     Glendale, CO 80246
     Telephone: (303) 300-1207
     Facsimile: (303) 960-9057
     Email: laurel.barsa@nmrk.com
  
                    About Littleton Main Street

Littleton Main Street, LLC owns a low-income housing residential
property in Littleton, Colo. Its income is derived from rent paid
by residents at the property.

Littleton Main Street sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 21-15246) on Oct. 15,
2021, listing as much as $10 million in both assets and
liabilities. J. Marc Hendricks, president of MJT Properties, Inc.,
in its capacity as manager, signed the petition.

Judge Thomas B. McNamara oversees the case.

Michael J. Pankow, Esq., at Brownstein Hyatt Farber Schreck, LLP is
the Debtor's legal counsel.


LOGISTICS GIVING: Unsecureds Will Get 100% in Subchapter V Plan
---------------------------------------------------------------
Logistics Giving Resources, LLC filed with the U.S. Bankruptcy
Court for the District of Utah a Disclosure Statement and Chapter
11 Plan under Subchapter V dated April 14, 2022.

The Debtor is a staffing agency that matches employers with
qualified job seekers who are looking for long-term or temporary
employment. The Debtor has two subsidiaries which operate as
divisions of the Debtor (the "Subsidiaries"): LG Drivers LLC, a
Utah limited liability company ("Drivers"); and LG Hires, LLC, a
Utah limited liability company ("Hires").

Under this Plan, the Debtor anticipates paying holders of Allowed
Claims at least 100% of their Allowed Claims. Without limitation,
the Debtor intends to pay the holders of Allowed Class 2 "General
Unsecured Claims" 100% of their Allowed Claims. The Debtor also
anticipates resolving its Claims against the "Future Receivables
Financiers" through the Plan, or, to the extent such parties vote
against or object to the Plan, reserving and pursuing its Claims
against those parties.

Allowed Claims will be paid in the order of priority established by
the Bankruptcy Code from Total Distributions, which arise from a
combination of Disposable Income received from the Debtor's
continued business operations, including anticipated ERCs to be
paid to the Debtor and, if applicable, proceeds arising from the
Debtor's prosecution of Avoidance Actions and other Causes of
Action.

From its projected Disposable Income, the Debtor anticipates that
Administrative Expenses will be paid first, including the fees and
expenses of the Subchapter V Trustee and of the Debtor's
Professionals. Priority Claims will be paid next, to the extent
that they have not already been paid. Then General Unsecured Claims
will be paid pro rata from any projected Disposable Income
available for distribution, in an amount that is at least as much
as such Claims would receive if the Debtor was liquidated in a case
under Chapter 7 of the Bankruptcy Code. If all Claims are paid in
full, any remaining proceeds will be distributed to the Debtor's
Equity Interest holders.

With respect to the Future Receivables Financiers, the Debtor
anticipates paying each such creditor with an Allowed Claim that
accepts the Plan either: (i) a negotiated amount at the rate and
term agreed upon between the Debtor and such creditor, as set forth
in a separate stipulation; or (ii) a settlement amount, as
calculated under the Plan, with interest at the rates of interest.
The payments to the Future Receivables Financiers under the Plan
shall be in full satisfaction of the debt underlying their Claims.
The Future Receivables Financiers shall have no further claim to
ownership of any future (or existing) accounts receivable, future
receivables, future receipts, or other third-party payment rights
owed to the Debtor.

Class 2 consists of General Unsecured Claims. Class 2 is impaired
under the Plan. The holders of Allowed Class 2 Claims shall be paid
the lesser of (a) the full amount of their claim as of the Petition
Date, plus interest from and after the Effective Date at the
Applicable Rate, or (b) a pro rata share of the Total Distributions
available after payment of Allowed Claims having greater priority
in distribution.

General Unsecured Claims total 540,016. Unsecured creditors will
receive a distribution of 100% of their allowed claims.

Class 15 consists of Equity Interests in the Debtor. Class 15 is
impaired under the Plan. The existing Equity Interests in the
Debtor will be canceled under the Plan; provided, however, that
Troy Hyde shall retain his Equity Interest (and his Equity Interest
shall not be cancelled) subject to the conditions precedent and
conditions.

Except as otherwise provided in this Plan, the Reorganized Debtor,
as of the Effective Date, shall be vested with all of the assets of
the Estate.

From and after the Effective Date of the Plan, the Reorganized
Debtor is authorized to continue its normal business operations and
enter into such transactions as it deems advisable, free of any
restriction or limitation imposed under any provision of the
Bankruptcy Code, except to the extent otherwise provided in the
Plan.

A full-text copy of the Disclosure Statement dated April 14, 2022,
is available at https://bit.ly/3xBNRJ2 from PacerMonitor.com at no
charge.

Attorneys for Debtor:

     Matthew M. Boley, Esq.
     Jeffrey Trousdale (14814)
     Cohne Kinghorn, P.C.
     111 E. Broadway, 11th Floor
     Salt Lake City, UT 84111
     Tel: 801-363-4300
     E-mail: mboley@ck.law
             jtrousdale@ck.law

                     About Logistics Giving

Logistics Giving Resources, LLC, an employment agency in Layton,
Utah, filed its voluntary petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. D. Utah Case No. 22-20143) on Jan. 14,
2022. Troy Vaughn Hyde, its member, signed the petition.  In its
petition, the Debtor disclosed $6,450,752 in assets and $1,156,332
in liabilities as of Dec. 31, 2021.  

Judge William T. Thurman oversees the case.

Matthew M. Boley, Esq., at Cohne Kinghorn, P.C. represents the
Debtor as legal counsel.  Rocky Mountain Advisory, LLC, is the
Debtor's accountant and financial advisor.


MARINER WEALTH: First Lien Loan Upsize No Impact on Moody's B1 CFR
------------------------------------------------------------------
Moody's Investors Service said Mariner Wealth Advisors, LLC's B1
Corporate Family Rating, B1-PD Probability of Default Rating, and
Ba3 senior secured first lien credit facility (comprised of a term
loan, delayed draw term loan, and revolver) are unchanged following
the company's announcement that it plans to upsize its outstanding
first lien term loan. The company will draw an incremental $125
million, raising its first lien term loan issuance to $525 million
(which includes $50 million previously drawn on the company's first
lien delayed draw term loan). Proceeds will be used to acquire
additional registered investment advisors, as well as pay fees and
expenses.

"The ongoing campaign of acquisitions will maintain pressure on
Mariner's balance sheet, but combined with Moody's expectation for
high client retention and organic growth, Mariner's credit metrics
are expected to remain stable," said Neal M Epstein, CFA, Moody's
Vice President and lead analyst for Mariner Wealth Advisors, LLC.

In addition, Mariner's first lien delayed draw term loan will be
upsized to $100 million, with an allowed incremental drawdown of up
to $50 million for twelve months from the closing date of the first
lien term loan's upsizing. The incremental facilities will have the
same 2028 maturity and terms as Mariner's existing first lien term
loans.

Mariner's B1 CFR reflects its leading position as a consolidator of
wealth advisors, its strong AUM resilience and organic growth rate,
and its relatively high financial leverage, a product of its
acquisition-driven strategy. The company has relied on a balanced
use of debt and internally-generated cash to support its
acquisition strategy and grow its business since its founding in
2006.

The Ba3 ratings on Mariner's first-lien loan are supported by
Mariner's outstanding second lien term loan due 2029 (unrated). The
second-lien facility acts as a loss-absorbing cushion in Mariner's
capital structure. The upsizing of the first lien loan increases
the size of the first lien loan relative to the total debt, which
has the effect of modestly reducing the support of the subordinated
debt. Were Mariner to further increase the size of its first lien
loan without increasing the size of the second lien, the rating
uplift on the first lien loan relative to the CFR could be eroded
to the point where the first lien rating would fall back in line
with the CFR.

The company's strong organic growth, which has exceeded 10 percent
given the company's excellent client retention and sales record,
could reduce leverage over time, as revenues grow, and the company
invests in efficiencies that accelerate gains in operating
leverage.

However, ongoing acquisitions of advisors, as Mariner actively
participates in the consolidation of the wealth advisory industry,
should lead to increased demand for external capital resources.
Moody's therefore anticipate that Mariner's leverage will remain
elevated as it presses ahead with new acquisitions. Multiples for
RIA acquisitions have exceeded 10x acquired EBITDA, and so internal
resources, including cash flow and synergies, as well as equity,
will be required to manage leverage lower. Moody's do not expect
significant deleveraging for the next 12 to 18 months.

While the growing company is able to carry more debt, risks of
rapid growth are a concern. Mariner has a solid advisor retention
record of 98% and good experience with acquired RIAs that have
increased their practices post acquisition. Nonetheless it may be
exposed to challenges generally encountered by serial acquirers,
such as integrating new businesses, merging personalities, and
maintaining incentives.

Marty Bicknell, a founder of Mariner and its CEO and president, has
been instrumental in fashioning the firm's strategic objectives,
and he maintains oversight of the firm's critical M&A program.
Thus, Mariner is exposed to the "key person" risk that he might be
unable to continue in his duties for any reason.

Mariner Wealth Advisors, LLC is a national wealth advisory firm
founded in 2006 with $62.7 billion of assets under management and
advisement as of December 31, 2021.


MENDEZ ENTERPRISES: Case Summary & 10 Unsecured Creditors
---------------------------------------------------------
Debtor: Mendez Enterprises LLC
        2404 W Old Lincoln Hwy
        Grand Island, NE 68803

Chapter 11 Petition Date: April 18, 2022

Court: United States Bankruptcy Court
       District of Nebraska

Case No.: 22-40339

Judge: Hon. Brian S. Kruse

Debtor's Counsel: Trev E. Peterson, Esq.
                  KNUDSEN, BERHEIMER, RICHARDSON & ENDACOTT, LLP
                  3800 VerMaas Place, Suite 200
                  Lincoln, NE 68502
                  Tel: 402-475-7011
                  Fax: 402-475-8912
                  Email: tpeterson@knudsenlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Vince Mendez, member.

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

https://www.pacermonitor.com/view/ZRSJS3A/Mendez_Enterprises_LLC__nebke-22-40339__0001.0.pdf?mcid=tGE4TAMA


MINESEN COMPANY: Gets OK to Tap Keith M. Kiuchi as Special Counsel
------------------------------------------------------------------
The Minesen Company received approval from the U.S. Bankruptcy
Court for the District of Hawaii to employ Keith M. Kiuchi, A Law
Corporation as special counsel.

The Debtor needs a special counsel to apply for a new liquor
license for the Inn at Schofield Barracks located on the Schofield
Barracks Army base.

The firm will be paid a flat fee of $2,900, plus out-of-pocket
expenses. The Debtor will also pay a retainer of $3,500.

Keith Kiuchi, Esq., disclosed in a court filing that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Keith M. Kiuchi, Esq.
     Keith M. Kiuchi, A Law Corporation
     1001 Bishop Street, Suite 250
     Honolulu, HI 96813
     Telephone: (808) 533-2230

                     About The Minesen Company

The Minesen Company -- http://www.innatschofield.com/-- owns a
transient military lodging facility at Schofield Barracks in
central Oahu known as the Inn at Schofield Barracks. Amenities
include queen-sized beds, coffee maker, refrigerator, microwave,
television, Internet, air conditioning, laundry, and 24-hour
convenience store.

The Minesen Company filed a petition for Chapter 11 protection
(Bankr. D. Hawaii Case No. 19-00849) on July 4, 2019, listing up to
$50 million in assets and up to $10 million in liabilities. Max
Jensen, president of The Minesen Company, signed the petition.

Judge Robert J. Faris oversees the case.

The Debtor tapped Goodsill Anderson Quiin & Stifel as bankruptcy
counsel; and Snell & Wilmer, LLP and Keith M. Kiuchi, A Law
Corporation as special counsels. Joseph M. Salvator CPA, PC is the
Debtor's accountant.


MOTORMAX FINANCIAL: Trustee Seeks to Hire Special Counsel
---------------------------------------------------------
Jenny Walker, the trustee appointed in the Chapter 11 case of
Motormax Financial Services Corp., seeks approval from the U.S.
Bankruptcy Court for the Middle District of Georgia to employ the
Law Office of Emmett L. Goodman, Jr. LLC and Angle Wilson Law, LLC
as special counsel.

The trustee requires a special counsel to represent the bankruptcy
estate on the causes of action arising out of the pre-bankruptcy
claims of the Debtor, the Debtor's shareholders, and related
corporations.

The firms agree to represent the trustee for a contingency fee of
35 percent of any recovery, plus reimbursement of out-of-pocket
expenses. If a favorable decision is appealed or the subject of a
motion for new trial, the contingency fee is 40 percent of the
gross recovery, plus expenses.

As disclosed in court filings, the firms are "disinterested
persons" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Law Office of Emmett L. Goodman, Jr. LLC
     544 Mulberry Street, Ste. 800
     Macon, GA 31201
     Telephone: (478) 745-5415

             - and -

     Angle Wilson Law, LLC
     920A East Broadway, Suite 205
     Columbia, MO 65201
     Telephone: (573) 355-4065

                 About Motormax Financial Services

Columbus, Ga.-based Motormax Financial Services Corp. filed
petition for Chapter 11 protection (Bankr. M.D. Ga. Case No.
21-40100) on March 29, 2021, listing up to $100,000 in assets and
up to $10 million in liabilities. Karl White, chief executive
officer, signed the petition.

Judge John T. Laney III oversees the case.

The Debtor tapped Fife M. Whiteside, PC and Robert R. Lomax, LLC as
bankruptcy counsel; MVP Law as special counsel; and Fountain
Arrington Bass Mercer & Lee, P.C. as accountant. Stonebridge
Accounting & Forensics is the Debtor's forensic accountant and
insolvency expert.

Jenny Walker serves as the Debtor's Chapter 11 trustee. The trustee
tapped the Law Office of Emmett L. Goodman, Jr. LLC and Angle
Wilson Law, LLC as special counsels.


MPLX LP: Fitch Affirms BB+ Rating on Series A/B Preferred Units
---------------------------------------------------------------
Fitch Ratings has affirmed MPLX LP's Long-Term Issuer Default
Rating (IDR) and senior unsecured rating at 'BBB'. The Series A and
Series B preferred units have been affirmed at 'BB+'. The
preferreds are notched down two from the IDR, which is typical for
preferreds in the midstream sector. The Rating Outlook is Stable.

The 'BBB' rating reflects its strategic and operating ties with
Marathon Petroleum Corporation (MPC; BBB/Stable), its largest
counterparty. Other key factors are the scope and scale of its
operations, geographic diversity, largely stable cash flows and low
leverage.

KEY RATING DRIVERS

Significant Asset Integration: MPLX is one of the larger midstream
issuers in Fitch's rated universe. It benefits from the strategic
and operational ties with Marathon Petroleum Corp. (MPC), its owner
and sponsor. MPC is the largest independent refiner in the U.S,
with 2.9 million bpd of refining capacity. Approximately 50% of
MPLX's 2021 revenues were from MPC, and the majority of that is
derived from long-term contracts that have minimum volume
commitments, providing cash flow stability.

Strong Execution and Financial Performance: During 2020-2021,
management took steps to reduce capital and operating expenses, and
generated cash flow through non-core asset sales and favorable NGL
pricing. As a result of the pull back in spending and non-recurring
items, MPLX generated over $1.0 billion in excess cashflow. Fitch
calculated leverage at yearend 2021 was 3.9x and differs from
management's calculation due to the treatment of its preferred
units. Management's leverage of 3.7x at year-end 2021 was below its
stated target of 4.0x. Fitch expects positive FCF to continue and
leverage to remain between 3.7x-3.9x through 2023.

Capital Allocation Program: Fitch views MPLX's policy to share
repurchases, distributions and special distributions within FCF as
supportive of credit quality. Management calculated leverage of
3.7x at year-end 2021 and forecast $900 million in capital spending
in 2022 justify the repurchase program. In 2021, the partnership
returned $630 million in share repurchases and a one-time $603
million dividend in addition while remaining FCF positive. About
$300 million remains in the board authorized $1 billion share
repurchase program. Shares purchased are from the public, and not
held by MPC, MPLX's sponsor. Fitch believes the amount and pace of
the capital returned to shareholders will revert to a normal rate
in 2022 and remain funded within FCF.

Logistics & Storage (L&S): The L&S segment is the largest segment
(66% of 2021 adjusted EBITDA) and primarily serves MPC. Through
Dec. 30, 2021, MPC accounted for approximately 50% of MPLX's total
revenues and over 90% of the L&S segment revenues. Adjusted EBITDA
rose 6% in 2021 versus the prior year, on higher volumes as the
industry had some rebound coming out of the pandemic. Fitch
believes the downstream recovery for U.S. refineries continues to
gain steam in 2022, albeit with complications from the
Russia-Ukraine conflict, supporting MPC's 2022 performance, and
higher throughput for MPLX in 2022 compared with 2021.

Volume Risk in Gathering & Processing: The Marcellus and Permian
regions remain the main cash flow drivers for this segment with
assets in five other basins. The Marcellus is MPLX's largest G&P
region and accounted for 68% of 2021's processing production.
During 2021, processing capacity utilization was 91% in the region.
None of MPLX's other regions had utilization close to this. Lower
utilization and volume risk are key risks in this segment. Fitch
believes 2022 will see some growth, but uncertainty in global
economic conditions and the Russia-Ukraine war may skew outcomes in
2023 and 2024.

MPC Contract Renewal Concerns: In January 2021, a marine contract
with MPC renewed for five years at a lower rate to reflect the
current market. As a result, annual EBITDA was negatively affected
by less than $100 million. Fitch notes this was approximately 3% of
the L&S segment's EBITDA in 2020. The change in the contract rate
for the marine business is not expected to fully reflect future
contract renewals. The next contract renewal is in 2022, for
pipeline assets tied to MPC's refineries, which MPC does not view
as replaceable. As contracts come up for renewal, the rates will be
renewed to reflect current market conditions.

Sponsor Relationship: MPLX receives significant benefits from its
general partner and sponsor, MPC. MPC owns approximately 64% of the
limited partnership units and the non-economic general partner.
MPLX's rating reflects its stand-alone credit profile. Because MPC
is similarly rated 'BBB,' under Fitch's Parent Subsidiary Criteria,
the ratings are not linked. However, ratings reflect the favorable
relationship, and strategic and operating ties to MPC. In addition,
MPC provides MPLX with a $1.5 billion uncommitted loan agreement.

DERIVATION SUMMARY

MPLX's 'BBB' rating reflects its significant size and diverse asset
base. The partnership generates approximately $5 billion of
adjusted EBITDA, and has shown good access to capital markets and
liquidity. In 2021, MPLX received approximately 50% of its revenue
from its sponsor. By year-end 2021, Fitch leverage was 3.9x,
modestly higher than management's leverage due to Fitch's treatment
of the preferred units.

Peer Holly Energy Partners, L.P.'s (HEP) 'BB+' rating with a Stable
Outlook reflects its small size and scope, with EBITDA under $500
million, and less diversification than MPLX. Over 80% of revenues
come from its sponsor, HF Sinclair (HFS; BBB-/Stable). Fitch
forecasts HFS's leverage below 4.0x by 2023, similar to the 2022
forecast for MPLX. However, MPLX's larger scale provides it with
more favorable access to capital markets, even when capital market
access has been difficult, accounting for the two-notch
difference.

MPLX is rated five notches above PBF Logistics LP (PBFX;
B+/Negative), which is expected to have leverage below MPLX's.
PBFX's lower rating is driving by its much smaller scale, with
EBITDA under $300 million, and by its significant counterparty, PBF
Holding Company LLC (PBF Holding; B+/Negative). PBFX receives
approximately 85% of revenues from its sponsor.

KEY ASSUMPTIONS

-- Fitch price deck, which reflects oil and natural gas
    backwardation;

-- Capex is $900 million, with $700 million for growth projects;

-- Excess FCF dedicated to remaining stock buyback program and
    distribution over the forecast years. The dividend grows
    modestly.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- An upgrade is not likely to occur since MPLX's main
    counterparty, MPC, is rated 'BBB'. However, a favorable rating

    action at MPC would not directly result in a favorable rating
    action for MPLX, since a significant amount of MPLX's cash
    flows come from gathering and processing.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- Increased leverage (total debt with equity credit to operating

    EBITDA) above 4.5x for a sustained period;

-- Growth of fee-based gathering and processing agreements, since

    it would increase the potential for cash flow volatility;

-- Significant EBITDA contraction from renegotiated gathering and

    processing contracts, or contracts renewed at much lower
    rates;

-- As MPC contracts come up for renewal, reduced volume
    commitments and/or lower contract rates from MPC, which
    significantly reduce cash flows and weaken the credit profile;

-- Reduced liquidity;

-- Unfavorable rating action at its largest counterparty, MPC.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.

LIQUIDITY AND DEBT STRUCTURE

Sufficient Liquidity: As of Dec. 31, 2021, MPLX had $13 million of
cash on the balance sheet and $3.2 billion available on its $3.5
billion senior unsecured revolver due 2024. MPLX also has access to
a $1.5 billion loan agreement from MPC. As of Dec. 31, 2021, there
was $1.5 billion outstanding under this loan agreement. The
agreement extends until July 2024 and importantly, MPC can demand
payment on any or all of the borrowings at any time before then.
MPLX issued notes in March 2022 due 2052 and refinanced the
outstanding balance of the intercompany loan.

The MPLX bank agreement restricts bank-defined leverage from
exceeding 5.0x at the end of any quarter. Following an acquisition
period wherein MPLX acquired $50 million or more of assets within
the LTM, leverage cannot exceed 5.5x for two consecutive quarters.
Under the bank definition, the leverage ratio was 3.7x at Dec 31,
2021, well below the 5.0x ratio permitted financial covenant. Fitch
believes that MPLX will have headroom on its covenants through the
forecast period.

ISSUER PROFILE

MPLX is a diversified midstream energy partnership that owns
pipelines, natural gas processing and natural gas liquids
fractionation and processing plants, in addition to crude gathering
and natural gas gathering systems in key U.S. basins. It is the
largest gathering and processor in the Marcellus and Utica basin.

SUMMARY OF FINANCIAL ADJUSTMENTS

Fitch adjusts EBITDA to exclude equity earnings and adds
distributions from unconsolidated affiliates. Fitch applies 50%
equity credit to the $1 billion MPLX Series A convertible
preferred. Fitch also applies 50% equity credit to the $600 million
of MPLX Series B preferred.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means 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.

                              Rating           Prior
                              ------           -----
MPLX LP               LT IDR   BBB   Affirmed   BBB
senior unsecured     LT       BBB   Affirmed   BBB
preferred            LT       BB+   Affirmed   BB+


NB HOTELS DALLAS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: NB Hotels Dallas LLC
          d/b/a Le Meridien Hotel Dallas
        13402 Noel Road
        Dallas, TX 75240

Business Description: NB Hotels Dallas is part of the traveler
                      accommodation industry.

Chapter 11 Petition Date: April 18, 2022

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 22-30681

Judge: Hon. Harlin Dewayne Hale

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  1412 Main Street, Suite 500
                  Dallas, TX 75202
                  Tel: (972) 503-4033
                  Email: joyce@joycelindauer.com

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Nadir Badruddin as president.

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

https://www.pacermonitor.com/view/GGKBPOA/NB_Hotels_Dallas_LLC__txnbke-22-30681__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. Starwood M International Inc.    Business Debt         $221,930
Bank of America/Marriott
Domestic
13682 Collect Franchise AR

2. TXU Energy                       Business Debt          $46,511
PO Box 650638
Dallas, TX 75265-0638

3. Mitchell Time & Parking          Business Debt          $22,454
4806 North IH 35
Austin, TX 78751

4. Carrollton-Farmers                   Taxes              $13,003
Branch ISD
PO Box 110611
Carrollton, TX 75011-0611

5. Guest Supply, Inc.               Business Debt          $12,044
PO Box 6771
Somerset, NJ 08875

6. Salem-Zass LLC                   Business Debt          $10,000
903 Cougar Drive
Allen, TX 75013

7. Chlic-Chicago (Cigna)            Business Debt           $9,419
5476 Collections Center Drive
Chicago, IL 60693

8. RETC, LP                         Business Debt           $8,219
5151 Belt Line Road,
Suite 725
Dallas, TX 75254

9. Azurerays LL                     Business Debt           $7,448
8330 LBJ Freeway
Dallas, TX 78335

10. M7 Services, LLC                Business Debt           $7,435
654 N. Sam Houston Pkwy
Suite 110
Houston, TX 77060

11. Atmos Energy                    Business Debt           $6,269
PO Box 740353
Cincinnati, OH 45274-0353

12. Hotel Indigo Austin Downtown    Business Debt           $6,256
Attn: Accounting
810 Red River Street
Austin, TX 78701

13. George Head                     Business Debt           $6,040
c/o Le Meridian Dallas Hotel
13402 Noel Road
Dallas, TX 75240

14. Time Warner Cable # 6077        Business Debt           $5,397
PO Box 60074
City of Industry, CA
91716-0074

15. Team Travel Source              Business Debt           $4,774
12910 Shelbyville Road
Suite 215
Louisville, KY 4024

16. Single Digits, Inc.             Business Debt           $4,472
PO Box 93363
Las Vegas, NV 89193-3363

17. Consolidated Hospitality        Business Debt           $4,373
Supplies, LLC
American Hotel Register
PO Box 677130
Dallas, TX 75267-7130

18. Johnson Controls Fire           Business Debt           $4,295
Protection LP
Dept. CH 10320
Palatine, IL 60055-0320

19. HD Supply Facilities            Business Debt           $4,066
Maintenance, Ltd.
PO Box 509058
San Diego, CA 92150-9058

20. Thyssenkrupp Elevator Corp.     Business Debt           $3,868
PO Box 3796
Carol Stream, IL 60132-3796


NEOVASC INC: Grant Thornton (Canada) Resigns as Accountant
----------------------------------------------------------
Grant Thornton LLP (Canada) resigned as Neovasc Inc.'s independent
registered public accounting firm, effective as of April 12, 2022.

During the two most recent fiscal years and the subsequent interim
period through April 12, 2022, (i) there were no "disagreements"
(as described in Item 16F(a)(1)(iv) of Form 20-F and the related
instructions) between the Company and Grant Thornton Canada on any
matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedures, which disagreements, if
not resolved to Grant Thornton Canada's satisfaction, would have
caused Grant Thornton Canada to make reference to the subject
matter of such disagreement in connection with its opinion or audit
report, and (ii) there were no "reportable events" as the term is
described in Item 16F(a)(1)(v) of Form 20-F.

      Appointment of New Independent Registered Accounting Firm

On March 9, 2022, the Company, with the approval of the audit
committee of the Company's board of directors, resolved to propose
that the shareholders of the Company appoint Grant Thornton LLP
(US) as the Company's new independent registered public accounting
firm effective upon the ratification at the Company's annual
general and special meeting of shareholders held on April 12,
2022.

During the two most recent fiscal years and the subsequent interim
period through April 12, 2022, neither the Company, nor anyone on
its behalf, consulted Grant Thornton US regarding (i) the
application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that
might be rendered on the Company's financial statements, and no
written report or oral advice was provided to the Company by Grant
Thornton US that Grant Thornton US concluded was an important
factor considered by the Company in reaching a decision as to any
accounting, auditing or financial reporting issue or (ii) any
matter that was the subject of a "disagreement" (as that term is
defined in Item 16F(a)(1)(iv) of Form 20-F and the related
instructions) or a "reportable event" (as that term is defined in
Item 16F(a)(1)(v) of Form 20-F).

                            About Neovasc Inc.

Neovasc -- www.neovasc.com -- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace.  The Company develops minimally
invasive transcatheter mitral valve replacement technologies, and
minimally invasive devices for the treatment of refractory angina.
Its products include the Neovasc Reducer, for the treatment of
refractory angina, which is not currently commercially available in
the United States (2 U.S. patients have been treated under
Compassionate Use) and has been commercially available in Europe
since 2015, and Tiara, for the transcatheter treatment of mitral
valve disease, which is currently under clinical investigation in
the United States, Canada, Israel and Europe.

Neovasc reported a net loss of $24.89 million for the year ended
Dec. 31, 2021, following a net loss of $28.70 million for the year
ended Dec. 31, 2020. As of Dec. 31, 2021, the Company had $66.22
million in total assets, $14 million in total liabilities, and
$52.23 million in total equity.

Vancouver, Canada-based Grant Thornton LLP, the Company's former
auditor, issued a "going concern" qualification in its report dated
March 9, 2022, citing that the Company incurred a comprehensive
loss of $25.2 million during the year ended Dec. 31, 2021.  These
conditions, along with other matters, raise substantial doubt about
the Company's ability to continue as a going concern as at Dec. 31,
2021.


NEXT REALTY: Gets Interim OK to Hire Ascendant as Legal Counsel
---------------------------------------------------------------
Next Realty, Inc. received interim approval from the U.S.
Bankruptcy Court for the District of Massachusetts to employ
Ascendant Law Group LLC as its legal counsel.

The firm will render these legal services:

     (a) advise the Debtor regarding its powers and duties in the
continued management and operation of its businesses and
properties;

     (b) represent the Debtor at all hearings and matters
pertaining to its affairs;

     (c) attend meetings and negotiate with representatives of the
Debtor's creditors and other parties-in-interest, as well as
responding to creditor inquiries;

     (d) take all necessary action to protect and preserve the
Debtor's estate;

     (e) prepare legal papers;

     (f) review applications and motions filed in connection with
the Debtor's bankruptcy case;

     (g) negotiate and prepare on the Debtor's behalf any plan of
reorganization, disclosure statement, and all related agreements or
documents, and take any necessary action on behalf of the Debtor to
obtain confirmation of such plan;

     (h) advise the Debtor in connection with any potential sale or
sales of assets or refinancing of the Debtor's indebtedness;

     (i) review and evaluate the Debtor's executory contracts and
unexpired leases, and represent the Debtor in connection with the
rejection, assumption or assignment of such leases and contracts;

     (j) represent the Debtor in connection with any adversary
proceedings or automatic stay litigation which may be commenced by
or against the Debtor;

     (k) review and analyze various claims of the Debtor's
creditors and treatment of such claims, and prepare, file or
prosecute any objections thereto; and

     (l) perform all other necessary legal services and provide all
other necessary legal advice to the Debtor in connection with its
bankruptcy case.

The hourly rates of the firm's attorneys are as follows:

     Jesse I. Redlener   $395
     Lee Harrington      $395
     Matthew Ginsburg    $395

In addition, the firm will seek reimbursement for expenses
incurred.

The firm received a $15,000 retainer from the Debtor prior to the
petition date.

Jesse Redlener, a member of Ascendant Law Group, disclosed in a
court filing that the firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jesse I. Redlener, Esq.
     Ascendant Law Group, LLC
     2 Dundee Park Drive, Suite 102
     Andover, MA 01810
     Email: jredlener@ascendantlawgroup.com

                         About Next Realty

Next Realty, Inc. filed a petition for Chapter 11 protection
(Bankr. D. Mass. Case No. 22-10404) on March 29, 2022, listing as
much as $1 million in both assets and liabilities. Asad Jamil,
chief executive officer, signed the petition.

Judge Christopher J. Panos oversees the case.

Ascendant Law Group, LLC serves as the Debtor's legal counsel.


NORTHWEST SENIOR: Edgemere Files for Chapter 11 With $112M Debt
---------------------------------------------------------------
Edgemere Dallas announced it has taken decisive action to best
position the community for the future and protect the interests of
its stakeholders by initiating a voluntary and comprehensive
restructuring through Chapter 11 of the Bankruptcy Code in the U.S.
Bankruptcy Court for the Northern District of Texas.

Edgemere remains fully operational throughout the Chapter 11
process, continuing to provide high-quality care and services to
its residents and their families and fulfilling obligations to its
other stakeholders. Edgemere is negotiating with its financial
stakeholders on a restructuring plan that will provide the
community with a healthier, more sustainable financial future. To
help fund and protect its operations during the Chapter 11 process,
Edgemere is seeking court approval for debtor-in-possession ("DIP")
financing provided by UMB Bank, as indenture trustee. Edgemere is
confident that it will gain long-term financial flexibility and
stability by reaching a permanent resolution with its financial
stakeholders through this process.

Simultaneously with the bankruptcy filing, Edgemere also filed a
lawsuit against its landlord, Intercity Investments Inc., and its
agent, Kong Capital, alleging claims for, among other things,
breach of contract, promissory fraud, tortious interference with
business and contractual obligations, civil conspiracy, and
equitable subordination. The community believes that pursuing the
lawsuit is in the best interest of Edgemere, its residents, the
bondholders, and all stakeholders, and it intends to pursue the
lawsuit vigorously.

"Edgemere has entered into this process with support of its
bondholders and Lifespace Communities; and we remain steadfast in
our commitment to our residents as we work through this process in
a manner that will allow current and future residents to enjoy all
that Edgemere has to offer for many years to come," said Jesse
Jantzen, President & CEO of Lifespace Communities, Inc. "The only
outstanding piece is resolution with the landlord and its agents,
and we have filed a lawsuit against them alleging claims for their
actions over the last year. Edgemere has faced various
challenges—from managing the impact of the COVID-19 pandemic to
responding to Winter Storm Uri in February of 2021. Like previous
challenges we have overcome, we will tackle these issues head-on
and remain committed to identifying a long-term financial solution.
As always, the interests of our current and future residents are
our main priority."

Edgemere has filed certain motions with the U.S. Bankruptcy Court
that will allow it to meet go-forward commitments to all
stakeholder groups through the Chapter 11 process, including
employee wages and benefit programs. These motions are typical in
Chapter 11 proceedings and remain subject to Court approval.

Edgemere's owner, Lifespace Communities, has not filed for Chapter
11 and will continue to own and operate Edgemere throughout the
Chapter 11 process.  

Edgemere is represented in this matter by Polsinelli as legal
counsel and FTI Consulting as restructuring advisor.

For more information about Edgemere's Chapter 11 case, please visit
http://www.kccllc.net/Edgemere,email EdgemereInfo@kccllc.com, or
call 310-751-2669 for U.S. calls or 866-967-0269 for international
calls.

                   About Lifespace Communities

Lifespace Communities, Inc., based in Dallas, Texas and West Des
Moines, Iowa, is a not-for-profit organization proudly serving
older adults for more than 40 years. Founded in 1976, Lifespace
Communities has grown to own and operate 14 continuing care
retirement communities in seven states, serving more than 4,700
residents and employing more than 3,700 team members.  On the Web:
http://www.LifespaceCommunities.com/

                       About Edgemere Dallas

Edgemere opened its doors in 2001, and immediately set a new
standard for luxury senior living retirement communities in North
Texas. It was the first Life Care community to open in Dallas and,
for almost a generation now, it has offered residents an
unparalleled set of benefits.

Northwest Senior Housing Corporation, d/b/a Edgemere, is a Texas
nonprofit corporation and is exempt from federal income taxation as
a charitable organization described under Section 501(c)(3) of the
Internal Revenue Code of 1986, as amended.  Northwest Senior
Housing was formed for the purpose of developing, owning and
operating a senior living community now known as Edgemere.

Northwest Senior Housing Corporation and affiliate Senior Quality
Lifestyles Corporation sought Chapter 11 bankruptcy protection
(Bankr. N.D. Tex. Lead Case No. 22-30659) on April 14, 2022.  The
petitions were signed by Nick Harshfield, treasurer.  Northwest
Senior estimated assets and liabilities between $100 million to
$500 million and $100 million to $500 million each.  

Polsinelli PC serves as the Debtors' bankruptcy counsel.  FTI
Consulting Inc. is the Debtors' business advisor.  Kurtzman Carson
Consultants LLC is the Debtors' notice, claims and balloting agent
as well as administrative advisor.


O & A ENTERPRISES: Seeks Approval to Hire Forensic Investigator
---------------------------------------------------------------
O & A Enterprises, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Iowa to employ Des Moines-based
forensic investigator, Iowa Forensic Data Solutions.

The firm's services include:

     (a) forensic imaging and examination of desktop computers and
external hard drive to recover lost data;

     (b) analysis of data obtained through the examinations; and

     (c) any other necessary digital investigative work.

The firm's services are billed at a rate of $175 per hour. The firm
expects to bill the Debtor between $4,500 and 6,500 for the
examinations of its four digital devices.

Robert Hartkemeyer, an employee of Iowa Forensic Data Solutions,
disclosed in a court filing that his firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Robert Hartkemeyer
     Iowa Forensic Data Solutions
     3209 Ingersoll Ave., Suite 208
     Des Moines, IA 50312
     Telephone: (515) 829-1549

                      About O & A Enterprises

O & A Enterprises, LLC is a company in Norwalk, Ia., offering
funeral and cremation services.

O & A Enterprises filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. S.D. Iowa Case No. 22-00295) on
March 27, 2022, listing up to $10 million in both assets and
liabilities. Robert Gainer serves as Subchapter V trustee.

Judge Anita L. Shodeen oversees the case.

Joseph A. Peiffer, Esq., at Ag & Business Legal Strategies is the
Debtor's legal counsel.


ONE AND ONE: U.S. Trustee Solicits Unsecured Committee Members
--------------------------------------------------------------
The United States Trustee is soliciting members for committee of
unsecured creditors in the bankruptcy case of One And One Holdings
LLC.

Parties interested to be considered for membership on any official
committee that is appointed were required to complete a
questionnaire available at https://bit.ly/3uWyoSj and return by
email it to USTPRegion02.NYECF@usdoj.gov at the Office of the
United States Trustee so that it is received no later than April
15, 2022.

If the U.S. Trustee receives sufficient creditor interest in the
solicitation, it may schedule a meeting or telephone conference for
the purpose of forming a committee.

                  About One And One

One And One Holdings LLC is in the business of owning certain real
estate located at 422 East 161st Street, Bronx, New York, 10451, a
building containing a 10 residential rental units.

One And One Holdings LLC filed for Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 22-10400) on March 30, 2022.  The petition was
signed by Isaac Dubov as managing member.  One And One estimated
assets of up to $1 million to $10 million and liabilities of $1
million to $10 million.  Leo Fox serves as the Debtor's counsel.


OUTCOMES GROUP: S&P Rates New $170MM Non-Fungible Add-Ons 'B'
-------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '3'
recovery rating to Walnut Creek, Calif.-based  Outcomes Group
Holdings' (doing business as Paradigm Corp.) proposed $110 million
non-fungible senior secured first-lien term loan due October 2025.
The '3' recovery rating indicates its expectation for meaningful
(50%-70%; rounded estimate: 55%) recovery in the event of a
default. S&P also assigned its 'CCC+' issue-level rating and '6'
recovery rating to its proposed $60 million non-fungible senior
secured second-lien term loan due October 2026. The '6' recovery
rating indicates its expectation for negligible (0%-10%; rounded
estimate: 0%) recovery in the event of a default. S&P's 'B' issuer
credit rating and stable outlook on the company are unchanged.

Paradigm intends to use the proceeds from the incremental debt to
fund a shareholder distribution and pay down its revolver balance.
The company also intends to extend the maturity of its $50 million
revolving credit facility by 18 months, to April 2025.

S&P said, "We view the transaction as moderately leveraging. It
will increase Paradigm's pro-forma leverage by about 1.5x (relative
to our existing year-end 2021 forecast) to the mid-6x area before
improving to the 5x area through 2023, in connection with our
expectations for sustained top line growth in the 10%-15% range and
EBITDA margin stability in the 11%-12% range. For the same period,
we expect EBITDA coverage to be slightly above 3x on a pro-forma
basis at year-end 2021 and sustain above this level through 2023."

Issue Ratings – Recovery Analysis

Key analytical factors

-- The company's pro forma debt capitalization comprises a $50
million revolving credit facility and a $570 million first-lien
term loan due October 2025, and $110 million second-lien term loan
due October 2026.

-- Paradigm is the borrower under the facilities. The facilities
also benefit from guarantees from its present and future, direct
and indirect materially wholly owned domestic restricted
subsidiaries subject to customary exceptions.

-- S&P simulated default scenario contemplates a payment default
in 2025 arising from significant client losses, pricing pressure,
and/or a spike in medical losses.

-- S&P has valued the company on a going-concern basis using a
5.5x multiple (in line with its 5x-6x range for insurance services
peers) over its projected emergence EBITDA.

-- S&P believes lenders would have the greatest recovery value
through reorganizing instead of liquidating the business.

Simulated default assumptions

-- Year of default: 2025
-- EBITDA at emergence: $65.6 million
-- Implied enterprise value (EV) multiple: 5.5x

Simplified waterfall

-- Gross EV: $360.6 million

-- Net EV (after 5% administrative costs): $342.5 million

-- Valuation split (obligors/non-obligors %): 100/0

-- Priority claims: $0 million

-- Total collateral value available to first-lien creditors:
$342.5 million

-- Total first-lien priority debt: $609.8 million

-- First-lien recovery: 55% (rounded estimate)

-- Collateral value available to second-lien creditors: $0
million

-- Total second-lien priority debt: $115.7 million

-- Second-lien recovery: 0%



PALMETTO SURETY: A.M. Best Assigns B(Fair) Fin. Strength Rating
---------------------------------------------------------------
AM Best has assigned a Financial Strength Rating of B (Fair) and a
Long-Term Issuer Credit Rating of "bb+" (Fair) to Palmetto Surety
Corporation (Palmetto) (Mount Pleasant, SC). The outlook assigned
to these Credit Ratings (ratings) is stable.

The ratings reflect Palmetto's balance sheet strength, which AM
Best assesses as adequate, as well as its adequate operating
performance, limited business profile and appropriate enterprise
risk management (ERM).

Palmetto is a mono-line surety writer primarily engaged in
providing bail surety through its agents. The company also
underwrites commercial surety and contract surety bonds. Palmetto
operates in eight states, primarily located in the Southeast, and
intends to broaden its geographic footprint by expanding into
additional states.

The ratings of Palmetto reflect its strongest level of
risk-adjusted capitalization, as measured by Best's Capital
Adequacy Ratio (BCAR), supported by a prudent investment portfolio
and favorable development of prior year loss reserves. Offsetting
these positive rating factors is the significant use of surplus
notes, which negatively impacts the quality of capital, and the
high financial leverage at Palmetto's parent, United Holding Group,
LLC. The ratings also reflect Palmetto's adequate underwriting and
operating results in the recent five-year period, which have
benefited from the company's established underwriting guidelines
and investments in its bail surety software platform. Palmetto's
limited business profile reflects its narrow product focus and
geographic concentration in the Southeast, which exposes the
company to potential legislative or regulatory challenges. AM Best
considers Palmetto's ERM program to be appropriate for its size and
scope of operations.

The stable outlooks reflect AM Best's expectation that Palmetto
will maintain adequate balance sheet strength over the intermediate
term with adequate operating results contributing to surplus
growth.


RECESS HOLDINGS: Moody's Raises CFR to B2, Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded Recess Holdings, Inc.'s ratings
including its Corporate Family Rating to B2 from B3, its
Probability of Default Rating to B2-PD from B3-PD, the senior
secured first lien term loan due 2024 rating to B1 from B2, and the
senior secured second lien term loan due 2025 rating to Caa1 from
Caa2. The outlook is stable.

The ratings upgrade reflects Recess' strong operating results in
fiscal 2021 and meaningful improvement in credit metrics. For
fiscal 2021 the company reported strong year-over-year revenue and
EBITDA (all ratios are Moody's-adjusted unless otherwise stated)
growth of 26.6% and 33.9%, respectively, supported by healthy
overall market demand for the company's products. In addition,
EBITDA margin expansion benefitted from favorable mix and fixed
cost reduction that more than offset material cost inflation, as
well as good sales leveraging on expenses. As a result, Recess'
debt/EBITDA leverage improved to 4.7x as of fiscal year end period
ending December 31, 2021 pro forma for acquisitions and
divestitures, down from 6.3x in fiscal 2020.

Recess' strong operating results in fiscal 2021 benefitted in part
from a catch-up of orders following a challenging fiscal 2020 due
to coronavirus related school closures and the halt of upgrade
projects. Demand for the company's products remains healthy with
incoming orders outpacing shipments due to ongoing supply chain and
labor constrains, resulting in extended lead times and a
historically high order backlog. The company's high backlog and
currently positive demand trends should support solid organic
revenue growth in fiscal 2022. In addition, Recess used excess free
cash flows over the past few years to fund acquisitions that have
expanded its revenue and earnings base. However, there is
uncertainty around the long term sustainability of current demand
trends, as well as the company's ability to sustain profit margins
given ongoing material cost inflation and persistent supply chain
and labor challenges. Recess' lower financial leverage provides
some cushion within the credit metrics Moody's expects for its B2
CFR to absorb the potential future demand or earnings pullback.

Upgrades:

Issuer: Recess Holdings, Inc.

Corporate Family Rating, Upgraded to B2 from B3

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

Senior Secured 1st Lien Term Loan, Upgraded to B1 (LGD3) from B2
(LGD3)

Senior Secured 2nd Lien Term Loan, Upgraded to Caa1 (LGD5) from
Caa2 (LGD5)

Outlook Actions:

Issuer: Recess Holdings, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Recess' B2 CFR reflects its relatively small scale with revenue
under $750 million and its high debt/EBITDA leverage at 4.7x as of
fiscal year end December 31, 2021, pro forma for acquisitions and
divestitures. The company has end market concentration in schools
and local municipalities, and limited geographic diversity with
sales concentrated in the US. Recess' products are relatively
high-cost, discretionary items, and purchases can be delayed during
cyclical downturns and periods of weaker tax revenue. Governance
factors include the company's aggressive financial policies under
private equity ownership, including its high financial leverage and
growth through acquisition strategy.

The rating also reflects Recess' strong market position in the US,
being one of the top two commercial playground equipment
manufacturers. Demand for the company's products remains healthy
following a challenging 2020 due to coronavirus related headwinds.
Moody's believes that schools and municipal budgets should benefit
from federal stimulus spending and should support a stable demand
for the company's products over the next 12-18 months. Recess'
relatively good EBITDA margin in the mid-to-high teens provides
some cushion to absorb temporary periods of weak demand. Recess'
good liquidity reflects Moody's expectations for continued positive
free cash flow of around $40 million over the next 12 months, and
its access to an undrawn $105 million asset based lending revolving
facility (ABL) due 2024, which provides financial flexibility to
fund working capital needs and small acquisitions over the next 12
months.

Environmental considerations include that Recess relies on raw
materials primarily steel, as well as resins as part of the
manufacturing process of its products. The company is exposed to
the carbon transition and waste and pollution risks related to the
energy intensive metal production, as well as transport, handling
and disposal of its products. However, costs increases can
generally be passed on to the customers.

Social considerations primarily relate to the company's moderate
exposure to health and safety and responsible production risks
common in a manufacturing environment.

Recess has high exposure to governance risks primarily related to
high board structure risks due to its ownership by a private equity
sponsor, and the company's financial strategy that includes
operating with high leverage and aggressive acquisition growth
strategy that creates event and execution risks.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The stable outlook reflects Moody's expectations that the company's
high order backlog and currently positive demand trends coupled
with good operating execution will support stable revenue and
earnings over the next 12-18 months. The stable outlook also
reflects Moody's expectations that the company will maintain good
liquidity over the next 12-18 months, and that there will be no
significantly leveraging transaction, including material
debt-financed acquisitions or shareholder distributions.

Ratings could be upgraded if the company materially increases its
revenue scale and reduces its exposure to cyclical downturns, and
demonstrates consistent organic revenue growth with stable or
expanding EBITDA margin, while debt/EBITDA is sustained below 4.0.
A ratings upgrade also requires the company maintaining good
liquidity with consistent meaningful positive free cash flow, and
Moody's expectations of financial policies that support credit
metrics at the above levels.

Ratings could be downgraded if the company's revenue or earnings
deteriorate, debt/EBITDA is sustained above 5.5x, or if liquidity
weakens including if free cash flow is modest to negative. Ratings
could also be downgraded if the company completes a large debt
financed acquisition or shareholder distribution that increases
leverage.

Headquartered in Chattanooga, TN, Recess manufactures commercial
playground equipment, adult outdoor fitness equipment, bleachers,
grandstands, playground surfacing, shade products, and outdoor site
amenities such as benches, tables, and waste receptacles. It also
sells a variety of products including swimming pool hand rails,
life guard chairs, bike racks, and exercise equipment. The company
generated revenue of $690.5 million for fiscal year end December
31, 2021. Recess is owned by private equity firm Court Square
Capital Partners.

The principal methodology used in these ratings was Consumer
Durables published in September 2021.


RETROTOPE INC: Survives Shareholders Move to Toss Chapter 11 Case
-----------------------------------------------------------------
James Nani of Bloomberg Law reports that Retrotope Inc. survives
shareholders bid to toss Chapter 11 case.

Biopharmaceutical company Retrotope survived an effort by dissident
shareholders to toss its Chapter 11 case after a judge said the
bankruptcy wasn't filed in bad faith after receiving proper
consideration from the company's board.

A motion by three Retrotope shareholders to dismiss the Chapter 11
filing was rejected at a Thursday, April 14, 2022, hearing by Judge
John T. Dorsey of the U.S. Bankruptcy Court for the District of
Delaware.

The ruling represents a win for the Retrotope amid an ongoing
disagreement between some shareholders and management over the
company's direction after failed trials for one of its drugs.

                     About Retrotope Inc.

Retrotope Inc. is a biopharma company in Los Angeles, California.

Retrotope Inc. sought voluntary Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 22-10228) on March 21, 2022. In the
petition filed by Anil Kumar, president, Retrotype Inc. listed
estimated assets between $500,000 to $1 million and estimated
liabilities between $1 million and $10 million.  

Womble Bond Dickinson (US), LLP, led by Matthew P. Ward, is the
Debtor's counsel.  Retrotope hired SSG Capital Advisors as
investment banker and Rock Creek Advisors as financial consultant.


RIVERSIDE MILITARY: Fitch Cuts Rating on 2017 Bonds to BB-
----------------------------------------------------------
Fitch Ratings has downgraded the rating on approximately $50
million of Gainesville & Hall County Development Authority (GA)
series 2017 refunding revenue bonds issued on behalf of Riverside
Military Academy (RMA), and RMA's Issuer Default Rating (IDR) to
'BB-'.

The Rating Outlook is Stable.

SECURITY

The bonds are an absolute and unconditional obligation of RMA,
secured by a first lien on the academy's campus and a cash-funded
debt service reserve fund (DSRF).

ANALYTICAL CONCLUSION

The 'BB-' IDR and revenue bond rating reflect Fitch's expectation
that RMA's enrollment base will remain suppressed at well-below
historical levels through the intermediate term, resulting in lower
revenues and a weaker revenue defensibility assessment. RMA's
enrollment cycle and cash flow stability rely on rolling
matriculation throughout the academic year and a significant base
of international students, both of which have declined in recent
years, partially offset by non-recurring federal relief from the
Paycheck Protection Program (PPP) and employee retention credit
program that totaled about $6 million in recent years.

RMA has made necessary expense reductions to maintain stable debt
service coverage, consistent with the academy's relatively variable
cost structure, but Fitch remains concerned that revenue weakness
may pressure operations and debt service going forward. RMA's
available funds (AF) have remained stable in recent years ($25.3
million in fiscal 2021), due in large part to strong investment
performance and liquidity provided by non-recurring federal funds.
AF to debt has generally ranged from 40%-50% in recent years,
providing a thin but stable cushion against operating pressure.

The Stable Outlook reflects Fitch's expectation that enrollment
(and operating revenues) will stabilize at around fiscal 2022
levels in future years with potential for modest growth and that
RMA's expense base will remain consistent with recent efforts to
maintain balanced operations and adequate debt service coverage,
with sustainable endowment draws. While unlikely, further
enrollment declines and resultant operating pressure beyond fiscal
2022 could pressure the rating.

KEY RATING DRIVERS

Revenue Defensibility: 'Weaker'

Fitch's assessment of revenue defensibility at 'Weaker' reflects
RMA's suppressed demand picture. Fitch expects enrollment will
stabilize at around 325 students in the near term with some
prospects for modest intermediate-term growth. Enrollment at this
level is down by nearly half from its pre-pandemic peak. However,
revenues overall demonstrated less volatility than enrollment
throughout the pandemic, as the academy increased tuition and fee
rates, especially day tuition rates, to partially offset the
contraction in boarding attendance.

The academy has worked to add grade levels to its academic
offerings to counteract enrollment volatility, including a sixth
grade cohort. The expansion of middle school grades has been
achieved with limited added expense to date, and management expects
this to remain true as the sixth grade class completes RMA's middle
school offerings. Favorably, the academy is in the process of
repositioning its marketing and enrollment processes to improve
prospects for international enrollment and to attract students for
high-demand programs that may yield higher net tuition revenues per
student.

Operating Risk: 'Midrange'

RMA's generally variable operating expenses with limited labor
constraints provide sound operating cost flexibility. The academy
decreased fiscal 2021 spending in line with revenue volatility.
Management indicates that the addition of middle school grades has
been achieved with minimal incremental expense and that staff and
faculty levels will be adjusted with enrollment growth in future
years to maintain balanced financial operations. RMA's capex needs
are limited, and the ability to efficiently manage existing
resources and modest future capital plans moderate RMA's operating
risk.

Financial Profile: 'Weaker'

Fitch assesses RMA's financial profile at 'Weaker', driven by
balance sheet sensitivity to near-term economic volatility and
revenue pressure. Currently, RMA has approximately $25 million in
available funds against $50 million (about 51%) of adjusted debt,
which is modestly above recent historical levels. RMA's debt is
amortizing and fixed rate and management reported no future debt
plans. Net debt to funds available for debt service (FADS)--a
measure of leverage -- has been volatile but favorably declining in
recent years, peaking at nearly 10x in fiscal 2019 and declining to
near 6x in fiscal 2021. Fitch expects net debt to FADS to remain
somewhat lower in future years following RMA's expense reduction
efforts, despite the potential for future revenue pressure.

While liquidity is currently a neutral consideration, RMA is
particularly susceptible to insufficient debt service coverage
under a stress scenario. RMA did not make economic coverage during
fiscal 2020 from recurring operations as calculated by Fitch, but
remained in compliance with financial covenants under the loan
agreement, including 1x MADS coverage from the change in net assets
from operations (including endowment draw and realized and
unrealized gains). Coverage below the covenanted level would
require submission of a corrective action plan to the trustee after
one fiscal year and the engagement of a consultant after two fiscal
years. Failure to remain in compliance with financial covenants
would likely result in downward rating action.

Asymmetric Risk Additive Considerations

There were no asymmetric considerations incorporated in RMA's
rating.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

  -- A sustained rebound of enrollment and operating revenues to
     near historical levels;

  -- Cash flow stability at levels comfortably above debt service
     requirements, without reliance on an unsustainable endowment
     distribution or other non-recurring funds;

  -- Improved balance sheet ratios with unrestricted cash and
     investments to adjusted debt consistently above 50%.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

  -- Declines in enrollment and net tuition revenues that pressure

     the academy's ability to service debt;

  -- Further deterioration of cash available to pay debt service
     to levels consistently below 40% of adjusted debt;

  -- A consistent trend of draws from endowment funds above
     sustainable levels.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

CREDIT PROFILE

Founded in 1907, RMA is a military-style college preparatory school
for boys, offering boarding and day school programs for grades
6-12. The academy is located on a 206-acre campus in Gainesville,
Georgia, about 60 miles northeast of Atlanta. The academy holds
dual-accreditation from the Southern Association of Independent
Schools and the Southern Association of Colleges and Schools, which
was renewed in 2017.

                                        Rating          Prior
                                        ------          -----
Riverside Military Academy (GA)  LT IDR  BB- Downgrade BB
Riverside Military Academy (GA)/
General Revenues/1               LT      BB- Downgrade BB


ROCKDALE MARCELLUS: Gets Court OK to Wind Down in Bankruptcy
------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Rockdale Marcellus LLC won
court approval to liquidate in bankruptcy and distribute its
remaining assets to creditors, following a $222 million sale of the
shale driller's business and dealing with all secured claims.

The Canonsburg, Pa.-based company, which received plan approval
during a hearing Thursday, April 14, 2022, in the U.S. Bankruptcy
Court for the Western District of Pennsylvania, has $17.7 million
of cash left to distribute to creditors, among other miscellaneous
assets.

The Chapter 11 plan terms emerged after the business was sold late
last 2021to Repsol Oil & Gas USA LLC, and Rockdale paid off more
than $216 million.

                      About Rockdale Marcellus

Rockdale Marcellus is a northeast Pennsylvania natural gas driller.
It owns and operates 66 producing wells on 42,897 net acres in
three northeast Pennsylvania counties.

On Sept. 21, 2021, Rockdale Marcellus, LLC and Rockdale Marcellus
Holdings, LLC filed petitions for Chapter 11 protection (Bankr.
W.D. Pa. Lead Case No. 21-22080). The Debtors' cases have been
assigned to Judge Gregory L. Taddonio.

Rockdale Marcellus, LLC listed $100 million to $500 million in
assets and liabilities as of the bankruptcy filing.

The Debtors tapped Reed Smith, LLP, as bankruptcy counsel; Quinn
Emanuel Urquhart & Sullivan, LLP, as special litigation counsel;
Houlihan Lokey Capital, Inc., as financial advisor and investment
banker; and Huron Consulting Services, LLC as restructuring
advisor.  John C. DiDonato, managing director at Huron, serves as
the Debtors' CRO.  Epiq is the claims and noticing agent and
administrative agent.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee of unsecured creditors in the Debtors' Chapter 11 cases
on Oct. 1, 2021. The committee tapped Pachulski Stang Ziehl &
Jones, LLP, as lead bankruptcy counsel; Whiteford Taylor & Preston,
LLP as local counsel; and Riveron RTS, LLC, as financial advisor.


SCHERTZ AERIAL: Taps Pioletti Pioletti & Nichols as Special Counsel
-------------------------------------------------------------------
Schertz Aerial Service, Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of Illinois to employ
Pioletti Pioletti & Nichols as its special counsel.

The Debtor needs the firm's legal assistance in connection with a
case filed in the McLean County, Ill., titled Schertz Aerial
Service, Inc. v. Brad Eggemeyer d/b/a Eggemeyer's Ag Services (Case
No. 2022LA000001).

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     Attorneys           $275 per hour
     Paralegals          $125 per hour

The firm will also seek reimbursement for out-of-pocket expenses.

Joe Pioletti, Esq., a partner at Pioletti Pioletti & Nichols,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Joe Pioletti, Esq.
     Pioletti Pioletti & Nichols
     107 E Eureka Ave., Suite 1
     Eureka, IL 61530
     Telephone: (309) 467-3213
     Email: joe@piolettilaw.com

              About Schertz Aerial Service

Schertz Aerial Service, Inc., a company in Hudson, Ill., filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. C.D. Ill. Case No. 22-70128) on March 16, 2022, listing
$10,001,710 in assets and $5,706,926 in liabilities. Steven M.
Wallace serves as Subchapter V trustee.

Judge Mary P. Gorman oversees the case.

The Debtor tapped Carmody Macdonald P.C. as bankruptcy counsel and
Pioletti Pioletti & Nichols as special counsel.


SCOTTSDALE PHYSICIANS: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Scottsdale Physicians Group, PLC
        7975 N Hayden Road Suite D-354
        Scottsdale, AZ 85258

Business Description: The Debtor is a medical group that has
                      offices located in Scottsdale, AZ.

Chapter 11 Petition Date: April 19, 2022

Court: United States Bankruptcy Court
       District of Arizona

Case No.: 22-02388

Debtor's Counsel: Jonathan Philip Ibsen, Esq.
                  CANTERBURY LAW GROUP, LLP
                  14300 N. Northsight Blvd., Suite 129
                  Scottsdale, AZ 85260
                  Tel: (480) 240-0040
                  Fax: (480) 656-5966
                  Email: jlbsen@clgaz.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Nima Ghadimi as president.

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

https://www.pacermonitor.com/view/RT5AJJY/Scottsdale_Physicians_Group_PLC__azbke-22-02388__0001.0.pdf?mcid=tGE4TAMA


SERVICE PROPERTIES: S&P Affirms 'B+' ICR, Outlook Negative
----------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating, 'B+'
issue-level rating on the company's nonguaranteed senior unsecured
notes, and 'BB' issue-level rating on its guaranteed notes. S&P
removed the ratings from CreditWatch, where it placed them with
negative implications on Nov. 19, 2021.

S&P said, "The negative outlook reflects our view that, while
slightly alleviated, liquidity pressure remains with material debt
maturities over the next 12 months. The outlook also reflects our
expectation for a continued gradual recovery in the lodging sector
and improvement in the company's operating performance."

Extending the maturity of its revolving credit facility has
improved SVC's near-term liquidity position, though pressure
remains with material debt maturities in 2022 and 2023. The company
reached an agreement to amend its revolving credit facility,
extending the maturity six months to January 2023. Furthermore,
covenant waivers were also extended, and the commitment was reduced
by $200 million to $800 million. The amendment also allows for an
additional six-month extension of the maturity date through July
2023, with conditions that we believe to be realistically
achievable. The company still has $500 million of senior unsecured
notes due in August 2022, which we would expect it to repay with
proceeds from its hotel asset sales.

The amended revolver, together with the progress on the hotel
sales, has helped alleviate near-term liquidity concerns. These
recent actions have bought SVC more time to allow operating
performance to recover before attempting to fully refinance the
revolver. Refinancing risk remains if operating performance within
the hotel segment does not recover as expected. Additionally, the
company has material debt maturities in each year through 2030 and
would likely need access to capital markets, which is currently
restricted due to non-compliance of its debt service incurrence
covenant, to ensure its ability to repay outstanding notes.

Continued improvement in operating performance and further progress
on asset sales will help to improve leverage metrics. The company
announced that nine hotels have been sold for proceeds of $81.2
million and an additional 54 hotels are under purchase and sale
agreements for an aggregate sales price of $452.5 million. The
company expects to sell the majority of these hotels by the end of
the second quarter. Operating performance has also shown signs of
further improvement after the omicron variant affected the latter
part of 2021 and early part of 2022. S&P expects the level of
business travel to accelerate relative to 2021 as more people
return to the office. That said, it remains unclear how much
business travel will recover relative to pre-pandemic levels as
businesses adapt to a new working environment.

S&P said, "While S&P Global Ratings-adjusted debt to EBITDA was
elevated at 16.2x as of Dec. 31, 2021, we expect material
improvement in 2022 given our expectations for debt repayment and
improvement for operating performance. As such, we project leverage
to decline to around 11x by year-end 2022, with fixed-charge
coverage improving to the 1.5x area (from 1.0x as of Dec. 31,
2021).

"We apply a negative one-notch comparable ratings analysis
adjustment to our 'bb' anchor score on the company. This reflects
our expectation for heightened cash flow volatility at SVC and an
increased exposure to related parties following the termination of
its Marriott International Inc. and IHG Hotels & Resorts operating
agreements.

"The negative outlook reflects our view that, while slightly
alleviated, liquidity pressure remains with material debt
maturities over the next 12 months. The outlook also reflects our
expectation for a continued gradual recovery in the lodging sector
and improvement in the company's operating performance. We project
S&P Global Ratings-adjusted debt to EBITDA will decline to around
11x by year-end 2022, with additional improvement projected in
2023."

S&P could revise the outlook on SVC to stable if:

-- It refinances its revolving credit facility, which is fully
drawn and matures in January 2023, and repays its unsecured notes
due in August 2022; and

-- Operating performance continues to recover with occupancy and
RevPAR for its hotel portfolio returning closer to pre-pandemic
levels.

S&P could lower its ratings on SVC, perhaps more than one notch,
if:

-- The company fails to refinance its revolving credit facility
before it matures, causing liquidity constraints;

-- The company is unable to meet covenant requirements by
year-end, or contracted asset sales fall through, further
pressuring liquidity; or

-- Operating performance fails to improve materially over the next
12 months, with adjusted debt to EBITDA sustained above 11x.

ESG credit indictors: E-2, S-3, G-3

S&P said, "Social factors are a moderately negative consideration
in our credit rating analysis of SVC. This was evident during the
COVID-19 pandemic as operating performance deteriorated materially
within its hotel portfolio, which accounted for more than 60% of
annualized rent as of the first quarter of 2020. Total revenue
declined 46% in the first quarter of 2021 compared with a year
prior, while EBITDA (per the company's calculations) plummeted 75%.
Although this was an extreme disruption that is unlikely to recur,
risks remain and future disruptions could be caused by local health
concerns or illness outbreaks given the business concentration in
hotels.

"Governance factors also are a moderately negative consideration as
we view its external management structure with the RMR Group LLC
unfavorably given the inherent conflicts of interest that can arise
from an advisory relationship and the fact that SVC's top tenant is
also externally managed by The RMR Group LLC."



SKY INN OPERATION: Taps Kell C. Mercer as Co-Counsel
----------------------------------------------------
Sky Inn Operation, Inc. and Austin Airport Suites, LLC seek
approval from the U.S. Bankruptcy Court for the Western District of
Texas to employ Kell C. Mercer, P.C. to serve as co-counsel with C.
Daniel Roberts, PC.

The firm will provide legal advice to the Debtors in connection
with their Chapter 11 cases.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     Attorneys      $400 to $425 per hour
     Associates     $275 per hour
     Paralegals     $195 per hour

The firm will also seek reimbursement for out-of-pocket expenses.

The retainer fee is $25,000.

Kell Mercer, Esq., disclosed in a court filing that his firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Kell C. Mercer, Esq.
     Kell C. Mercer, P.C.
     901 S. MoPac Expressway, Building 1, Suite 300
     Austin, TX 78746
     Tel: (512) 627-3512
     Email: kell.mercer@mercer-law-pc.com

             About Sky Inn Operation and Austin Airport

Sky Inn Operation, Inc. owns real property locally known as the
Staybridge Hotel located at 1611 Airport Commerce Drive, Austin,
Texas. AAS is renting the hotel pursuant to a lease agreement dated
June 23, 2008.  

Sky Inn Operation and its affiliate, Austin Airport Suites, LLC,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Texas Lead Case No. 22-10134) on Feb. 28, 2022.

In their petitions, Sky Inn Operation disclosed up to $50 million
in assets and up to $10 million in liabilities while Austin Airport
disclosed up to $500,000 in assets and up to $10 million in
liabilities. Armando Batarse Cardenas, president of Sky Inn Hotels
& Suites and sole shareholder, signed the petitions.

Judge Tony M. Davis oversees the cases.

C. Daniel Roberts, PC and Kell C. Mercer PC serve as the Debtors'
legal counsels.


SOUTHGATE TOWN: Taps Thomas and Associates as Special Counsel
-------------------------------------------------------------
Southgate Town and Terrace Homes, Inc. received approval from the
U.S. Bankruptcy Court for the Eastern District of California to
employ Thomas and Associates as its special counsel.

The firm will provide legal support to the Debtor's board of
directors and bankruptcy attorney as special counsel familiar with
housing cooperatives and homeowner's association.

Michael Thomas, Esq., a partner at Thomas and Associates, disclosed
in a court filing that his firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Michael Thomas, Esq.
     Thomas and Associates
     2390 Professional Dr.
     Roseville, CA 95661
     Tel: (916) 789-1201
     Email: MThomas@Thomas-Lawyers.com

              About Southgate Town and Terrace Homes

Southgate Town and Terrace Homes Inc., a limited equity housing
cooperative in Sacramento, Calif., sought Chapter 11 bankruptcy
protection (Bankr. E.D. Calif. Case No. 22-20632) on March 16,
2022, listing as much as $10 million in both assets and
liabilities. Mirza Baig, president of Southgate Town, signed the
petition.

Judge Fredrick E. Clement oversees the case.

Stephen Reynolds, Esq., at Reynolds Law Corporation and Thomas and
Associates serve as the Debtor's bankruptcy counsel and special
counsel, respectively.


SUSGLOBAL ENERGY: Incurs $4.9 Million Net Loss in 2021
------------------------------------------------------
Susglobal Energy Corp. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing a net loss of
$4.87 million on $754,334 of revenue for the year ended Dec. 31,
2021, compared to a net loss of $2.01 million on $1.60 million of
revenue for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $8.57 million in total assets,
$15.90 million in total liabilities, and a total stockholders'
deficiency of $7.33 million.

As at Dec. 31, 2021, the Company had a cash balance of $36,033
(2020-$6,457) and current liabilities in the amount of $13,944,507
(2020-$10,358,212).  As at Dec. 31, 2021, the Company had a working
capital deficit of $13,651,619 (2020-$9,830,314).  The Company does
not currently have sufficient funds to satisfy the current debt
obligations.  Should the Company's creditors seek or demand
payment, the Company does not have the resources to pay or satisfy
any such claims currently.  The Company has been in discussions
with other creditors and equity investors for new financing options
to repay or re-finance certain current debt obligations.

Toronto, Canada-based MNP LLP, the Company's auditor since 2020,
issued a "going concern" qualification in its report dated April
13, 2022, citing that the Company has experienced operating losses
since inception and expects to incur further losses in the
development of its business.  These conditions, along with other
matters, raise substantial doubt about Company's ability to
continue as a going concern.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1652539/000106299322010213/form10k.htm

                          About SusGlobal

Headquartered in Toronto, Ontario, Canada, SusGlobal Energy Corp.
-- www.susglobalenergy.com -- is a renewables company focused on
acquiring, developing and monetizing a global portfolio of
proprietary technologies in the waste to energy and regenerative
products application.


SWISSBAKERS INC: Seeks to Tap Brown Rudnick as Real Estate Counsel
------------------------------------------------------------------
Swissbakers, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Massachusetts to employ Brown Rudnick, LLP as its
special real estate counsel.

The Debtor needs a real estate counsel to represent it in
connection with its ongoing negotiations with Harvard to amend its
lease at its Allston location.

Brown Rudnick will seek compensation based upon its normal and
usual hourly billing rates, and will seek reimbursement of
expenses.

Shari Dwoskin, Esq., a partner at Brown Rudnick, disclosed in a
court filing that the firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Shari Dwoskin, Esq.
     Brown Rudnick LLP
     One Financial Center
     Boston, MA 02111
     Telephone: (617) 856-8464
     Facsimile: (617) 289-0813
     Email: sdwoskin@brownrudnick.com

                         About Swissbakers

Swissbakers, Inc. is a family-owned European bakery in Allston,
Mass.

Swissbakers filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Mass. Case No. 22-10357) on March 18,
2022, listing up to $500,000 in assets and up to $10 million in
liabilities. Stephen Darr serves as Subchapter V trustee.

Judge Janet E. Bostwick oversees the case.

The Debtor tapped Joseph S.U. Bodoff, Esq., at Rubin and Rudman,
LLP as legal counsel and Brown Rudnick, LLP as special real estate
counsel.


TILDEN MARCELLUS: Committee Taps Dentons Cohen as Local Counsel
---------------------------------------------------------------
The official committee of unsecured creditors of Tilden Marcellus,
LLC seeks approval from the U.S. Bankruptcy Court for the Western
District of Pennsylvania to employ Dentons Cohen & Grigsby, P.C. as
its local counsel.

The firm's services include:

   a. advising the committee with respect to its rights, duties and
powers in the Debtor's Chapter 11 case;

   b. assisting the committee in its consultations with the Debtor
relating to the administration of the case;

   c. analyzing the claims of creditors and the Debtor's capital
structure, and negotiating with the holders of claims and, if
appropriate, equity interests;

   d. investigating the acts, conducts, assets, liabilities and
financial condition of the Debtor and other parties, and the
operation of the Debtor's business;

   e. assisting the committee in matters related to, among other
things, the assumption or rejection of the Debtor's leases of
non-residential real property or executory contracts, asset
dispositions, financing transactions and the terms of a plan of
reorganization or liquidation;

   f. advising the committee as to its communications, if any, to
the general creditor body regarding significant matters in the
case;

   g. representing the committee at all hearings and other
proceedings;

   h. reviewing applications, orders, statements of operations and
bankruptcy schedules filed with the court;

   i. assisting the committee in preparing legal papers; and

   j. performing other necessary legal services for the committee.

The hourly rates charged by the firm's attorneys and paralegals are
as follows:

     William E Kelleher, Jr., Senior Counsel   $660 per hour
     Thomas D. Maxson, Shareholder             $520 per hour
     Helen S. Ward, Shareholder                $425 per hour
     Daniel P. Branagan, Associate             $310 per hour
     Michelle I. Graeb, Paralegal              $300 per hour

The firm will also seek reimbursement for out-of-pocket expenses.

Thomas Maxson, Esq., a partner at Dentons, disclosed in a court
filing that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Thomas D. Maxson, Esq.
     Dentons Cohen & Grigsby P.C.
     625 Liberty Avenue
     Pittsburgh, PA 15222-3152
     Telephone: (412) 297-4706
     Email: thomas.maxson@dentons.com

                       About Tilden Marcellus

Tilden Marcellus, LLC, an oil and gas production company in
Canonsburg, Pa., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Penn. Case No. 22-20212) on Feb. 4,
2022, listing as much as $50 million in both assets and
liabilities.

Judge Gregory L. Taddonio oversees the case.

The Debtor tapped Morris, Nichols, Arsht and Tunnel, LLP as lead
bankrupcy counsel; Tucker Arensberg, PC as local counsel; Petrie
Partners Securities, LLC as investment banker; and G2 Capital
Advisors, LLC as restructuring advisor. Jeffrey T. Varsalone,
managing director at G2, serves as the Debtor's chief restructuring
officer.  Epiq Corporate Restructuring, LLC is the notice, claims
and balloting agent and administrative advisor.

White Oak Global Advisors, LLC, as the DIP agent and the
pre-bankruptcy agent, is represented by Davis Polk & Wardwell, LLP
and Bowles Rice, LLP.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors on Feb. 18, 2022. DLA Piper LLP (US) and
Dentons Cohen & Grigsby, P.C. serve as the committee's bankruptcy
counsel and local counsel, respectively.


TILDEN MARCELLUS: Committee Taps DLA Piper as Bankruptcy Counsel
----------------------------------------------------------------
The official committee of unsecured creditors of Tilden Marcellus,
LLC seeks approval from the U.S. Bankruptcy Court for the Western
District of Pennsylvania to employ DLA Piper LLP (US) as its
bankruptcy counsel.

The firm's services include:

   a. advising the committee with respect to its rights, duties and
powers in the Debtor's Chapter 11 case;

   b. participating in in-person and telephonic meetings of the
committee and any subcommittees formed thereby;

   c. assisting the committee in its consultations, meetings and
negotiations with the Debtor and all other concerned parties
regarding the administration of the case;

   d. analyzing the claims asserted against and the interests
asserted in the Debtor, negotiating with the holders of such claims
and interests, and assisting the committee in contested matters and
adversary proceedings;

   e. reviewing the Debtor's schedules of assets and liabilities,
statements of financial affairs and other financial reports
prepared by the Debtor, and investigating the acts, conduct,
assets, liabilities and financial condition of the Debtor;

   f. assisting the committee in its analysis of, and negotiations
with, the Debtor or any third party related to, among other things,
financing, the use, sale or leasing of the Debtor's assets,
compromises of controversies, assumption or rejection of executory
contracts and unexpired leases, and matters affecting the automatic
stay;

   g. assisting the committee in connection with the negotiation,
formulation, confirmation and implementation of a Chapter 11 plan
for the Debtor;

   h. assisting the committee with respect to its communications
with the general creditor body regarding significant matters in the
case;

   i. representing the committee at all court hearings and other
proceedings;

   j. reviewing legal papers filed with the court, advising the
committee with respect to its position thereon, and preparing
committee response;

   k. assisting the committee in preparing legal papers, and
pursuing or participating in adversary proceedings, contested
matters and administrative proceedings; and

   l. performing other necessary legal services for the committee.

The hourly rates charged by the firm's attorneys and
paraprofessionals are as follows:

     Partners              $1,125 to $1,285 per hour
     Associates            $675 to $1,020 per hour
     Paraprofessionals     $360 per hour

The firm will also seek reimbursement for out-of-pocket expenses.

Dennis O'Donnell, Esq., a partner at DLA Piper, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Dennis O'Donnell, Esq.
     DLA Piper LLP (US)
     1251 Avenue of the Americas
     New York, NY 10020
     Telephone: (212) 335-4500
     Facsimile: (212) 335-4501
     Email: dennis.odonnell@us.dlapiper.com

                       About Tilden Marcellus

Tilden Marcellus, LLC, an oil and gas production company in
Canonsburg, Pa., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Penn. Case No. 22-20212) on Feb. 4,
2022, listing as much as $50 million in both assets and
liabilities.

Judge Gregory L. Taddonio oversees the case.

The Debtor tapped Morris, Nichols, Arsht and Tunnel, LLP as lead
bankrupcy counsel; Tucker Arensberg, PC as local counsel; Petrie
Partners Securities, LLC as investment banker; and G2 Capital
Advisors, LLC as restructuring advisor. Jeffrey T. Varsalone,
managing director at G2, serves as the Debtor's chief restructuring
officer.  Epiq Corporate Restructuring, LLC is the notice, claims
and balloting agent and administrative advisor.

White Oak Global Advisors, LLC, as the DIP agent and the
pre-bankruptcy agent, is represented by Davis Polk & Wardwell, LLP
and Bowles Rice, LLP.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors on Feb. 18, 2022. DLA Piper LLP (US) and
Dentons Cohen & Grigsby, P.C. serve as the committee's bankruptcy
counsel and local counsel, respectively.


VICI PROPERTIES: Moody's Rates New Senior Unsecured Notes 'Ba1'
---------------------------------------------------------------
Moody's Investors Service has upgraded all the ratings of VICI
Properties L.P. (VICI) (senior unsecured to Ba1) and those of MGM
Growth Properties Operating Partnership LP (MGP) (senior unsecured
to Ba1). In the same rating action, Moody's also assigned a Ba1
rating to VICI's senior unsecured notes being marketed, which
Moody's expects will be closed simultaneously with the MGP merger,
as mandated by the master transaction agreement. The rating outlook
is stable. The action concludes rating reviews that commenced on
August 4, 2021.

The ratings upgrade reflects VICI's improved financial policy with
an unsecured credit facility that helped to establish a fully
unencumbered portfolio of properties (not including VICI's
unconsolidated joint venture), the dominant size and scale of the
combined entity, and reduced tenant concentration. VICI has
received shareholder approval. VICI has also received all gaming
regulators' approvals to close the merger. Concurrently, Moody's
upgraded all MGP's ratings to the level of VICI's. Moody's will
withdraw all MGP's ratings upon the closing of the merger, except
for ratings on certain debt that will remain outstanding.

Assignments:

Issuer: VICI Properties L.P.

Senior Unsecured Notes, Assigned Ba1

Upgrades:

Issuer: VICI Properties L.P.

Corporate Family Rating, Upgraded to Ba1 from Ba3

Gtd Senior Unsecured Global Notes, Upgraded to Ba1 from Ba3

Issuer: MGM Growth Prop. Operating Partnership LP

Corporate Family Rating, Upgraded to Ba1 from Ba3

Senior Secured Revolving Credit Facility, Upgraded to Ba1 from
Ba3

Gtd Senior Unsecured Global Notes, Upgraded to Ba1 from B1

Senior Unsecured Notes, Upgraded to Ba1 from B1

Outlook Actions:

Issuer: VICI Properties L.P.

Outlook, Changed To Stable From Rating Under Review

Issuer: MGM Growth Prop. Operating Partnership LP

Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

VICI's Ba1 rating reflects Moody's expectation that VICI will have
strong balance sheet metrics, including healthy liquidity and that
adjusted net debt plus preferred to EBITDA will be below 6.0x by
year-end 2022. VICI's unencumbered assets improved meaningfully
from a modest 11% of gross assets to a fully unencumbered
portfolio. VICI's only secured debt is related to an unconsolidated
JV. Most recently, VICI replaced its $1.0 billion secured revolving
credit facility with a new $2.5 billion unsecured revolving credit
facility maturing in 2026 with two six-month extension options. All
liens securing the REIT's previous credit facilities and related
subsidiary guarantees were automatically released.

In addition, VICI's gross assets will increase to over $40 billion
from $21.2 billion (proforma for Venetian acquisition). VICI will
own 43 assets with $2.6 billion annual cash rent in 15 states,
including MGP's 15 marquee Las Vegas and market leading regional
assets. The merger improves the diversity of its tenant base while
also reducing the tenant concentration to Caesars Entertainment
[NASDAQ: CZR] from 68% to 42% of proforma annual rent. Its assets
are leased to a more diversified tenant base that includes eight
gaming operators.

Nonetheless, despite these credit positives, single-name
concentration remains meaningful with its top two tenants
accounting for approximately 78% of total cash rent, both of which
are low non-investment grade-rated credits. This is a credit
concern given the volatility of the gaming business. Moreover,
ownership of specialized casino assets that have more limited
recovery prospects under a stress scenario reduce the flexibility
of its unencumbered asset pool, compared to other asset classes, in
Moody's view.

The SGL-2 for both VICI and MGP remain unchanged. Moody's expects
both REITs to maintain their respective prudent financial policies
with a well laddered debt maturity schedule. There are no debt
maturities until 2024 (except for MGP's $1.4 billion revolver,
which will mature in 2023). This revolver will be terminated at the
closing of this transaction. The revolvers were nearly fully
available at December 31, 2021 and both have good access to
capital.

Moody's stable ratings outlook anticipates little change in the
REITs' credit profile over the next 12-18 months as they proceed
with the merger integration while gradually reducing leverage to be
more in line with similarly rated peers.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

An upgrade of VICI's ratings would require Moody's adjusted net
debt plus preferred to EBITDA in the low 5.0x range and the
maintenance of fixed charge coverage comfortably above 3.5x.
Property type diversification outside of gaming investments
(comprising at least 20% of income) that enhances VICI's capital
recycling opportunities while further reducing tenant and
single-asset concentrations would also support a ratings upgrade.
The ratings upgrade would also require that VICI maintain a robust
liquidity position.

VICI's ratings could be downgraded if Moody's adjusted net debt
plus preferred to EBITDA exceeds 6.0x and fixed charge coverage is
below 3.0x on a consistent basis. Deterioration in tenant credit
quality or sizable acquisitions that present integration risks or
alters VICI's unsecured financial policy would put pressure on the
ratings.

Upward rating movement is unlikely for MGP giving the pending
closing of the merger when MGP's portfolio is expected to be merged
into that of VICI's. Moody's will withdraw all MGP's ratings upon
the closing of the merger, except for ratings on certain debt that
will remain outstanding. If VICI's acquisition of MGP does not
occur and MGP's portfolio quality is found to be weaker than
expected, downward rating pressure on MGP's ratings could result.

VICI Properties Inc. [NYSE: VICI] VICI owns a portfolio of 28
properties in Las Vegas and elsewhere across the United States. As
of December 31, 2021, VICI had gross assets totaling $17.6
billion.

MGM Growth Properties LLC [NYSE: MGP] owns a portfolio of
properties acquired from MGM Resorts, consisting of fifteen premier
destination resorts in Las Vegas and elsewhere across the United
States. As of December 31, 2021, MGP had gross assets totaling
$14.8 billion.

The principal methodology used in these ratings was REITs and Other
Commercial Real Estate Firms Methodology published in July 2021.


VIDEO RIVER: Posts $2.2 Million Net Income in 2021
--------------------------------------------------
Video River Networks, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K disclosing net income of
$2.21 million on $7.48 million of total revenue for the year ended
Dec. 31, 2021, compared to a net loss of $82,980 on $1.25 million
of total revenue for the year ended Dec. 31, 2020.

As of Dec. 31, 2021, the Company had $7.59 million in total assets,
$5.36 million in total liabilities, and $2.23 million in total
stockholders' equity.

Newhall, California-based DylanFloyd Accounting & Consulting, the
Company's auditor since 2019, issued a "going concern"
qualification in its report dated April 10, 2022, citing that the
Company has an accumulated deficit of $17,159,878 for the year
ended Dec. 31, 2021. These factors raise substantial doubt about
the Company's ability to continue as a going concern.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1084475/000149315222009873/form10-k.htm

                         About Video River

Headquartered in Torrance, California, Video River Networks, Inc.
is a technology holding firm that operates and manages a portfolio
of Electric Vehicles, Artificial Intelligence, Machine Learning and
Robotics ("EV-AI-ML-R") assets, businesses and operations in North
America.  The Company's current and target portfolio businesses and
assets include operations that design, develop, manufacture and
sell high-performance fully electric vehicles and design,
manufacture, install and sell Power Controls, Battery Technology,
Wireless Technology, and Residential utility meters and remote,
mission-critical devices mostly engineered through Artificial
Intelligence, Machine Learning and Robotic technologies NIHK's
current technology-focused business model is a result of its board
resolution on Sept. 15, 2020 to spin-in/off its specialty real
estate holding business to an operating subsidiary and then pivot
back to being a technology company.


WESTPORT HOLDINGS: Liquidating Trustee Taps Bush Ross as Counsel
----------------------------------------------------------------
Jeffrey Warren, the liquidating trustee appointed in the Chapter 11
cases of Westport Holdings Tampa, Limited Partnership and Westport
Holdings Tampa II, Limited Partnership, received approval from the
U.S. Bankruptcy Court for the Middle District of Florida to employ
Bush Ross, PA as his special litigation counsel.

The firm will render these legal services:

     (a) render legal advice with respect to the claims asserted or
claims that may be asserted against Lawrence Landry, Westport
Senior Living Investment Fund, LP (WSLIF), Westport Senior Living
Investments Liquidating Trust and others;

     (b) prepare legal papers:

     (c) appear before the court to represent the interests of the
liquidating trustee with respect to the Landry claims; and

     (d) perform other necessary tasks.

Bush Ross will be paid a contingency fee of 40 percent.

Kathleen DiSanto, a shareholder of Bush Ross, disclosed in a court
filing that her firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Kathleen L. DiSanto, Esq.
     Bush Ross, PA
     P.O. Box 3913
     Tampa, FL 33601-3913
     Telephone: (813) 224-9255
     Facsimile: (813) 223-9620
     Email: kdisanto@bushross.com

                   About Westport Holdings Tampa

Westport Holdings Tampa, doing business as University Village, is a
care retirement community in Tampa, Fla. It offers residents
villas, apartments, an assisted living facility and a skilled
nursing care center for their end-of-life needs.

Westport Holdings Tampa, Limited Partnership and Westport Holdings
Tampa II, Limited Partnership filed Chapter 11 petitions (Bankr.
M.D. Fla. Lead Case No. 16-08167) on Sept. 22, 2016. Judge Michael
G. Williamson oversees the cases. Stichter Riedel Blain & Postler,
P.A., serve as the Debtors' bankruptcy counsel while Broad and
Cassel is the special counsel for healthcare and related litigation
matters.

The U.S. Trustee for Region 21 appointed an official committee of
resident creditors on Dec. 29, 2016. The resident committee is
represented by Jennis Law Firm.

On May 10, 2018, the court confirmed the Debtors' joint Chapter 11
plan of liquidation. Jeffrey W. Warren is the liquidating trustee
appointed in the Debtors' cases. Bush Ross, PA and Mercer Law, LLC
serve as the liquidating trustee's bankruptcy counsel and special
counsel, respectively.


ZEN RESTORATION: Case Summary & 13 Unsecured Creditors
------------------------------------------------------
Debtor: Zen Restoration Inc.
        273 Russell Street
        Brooklyn, NY 11222

Business Description: Zen Restoration is a full service
                      construction company, offering a wide range
                      of services, specializing in renovations of
                      high end residential homes and apartments.

Chapter 11 Petition Date: April 19, 2022

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 22-40809

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: Ronald D. Weiss, Esq.
                  RONALD D. WEISS, P.C.
                  734 Walt Whitman Road
                  Suite 203
                  Melville, NY 11747
                  Tel: (631) 271-3737
                  Fax: (631) 271-3784
                  Email: weiss@ny-bankruptcy.com

Total Assets: $3,029,000

Total Liabilities: $10,027,998

The petition was signed by Bernard Sobus as president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 13 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/HNFMJBI/Zen_Restoration_Inc__nyebke-22-40809__0001.0.pdf?mcid=tGE4TAMA


ZOHAR FUNDS: Tilton Denied Stay for $1B Claim Subordination Appeal
------------------------------------------------------------------
Jeff Montgomery of Law360 reports that distressed debt entrepreneur
Lynn Tilton lost a bid Wednesday, April 13, 2022, for a stay of a
Delaware bankruptcy judge's ruling that dismissed a suit to put
nearly $1 billion of Tilton's claims ahead of other creditors in
the long-running Zohar III funds Chapter 11 in Delaware.

U.S. Bankruptcy Judge Karen B. Owens, ruling from the bench after a
teleconference argument, found that attorneys for Tilton failed to
show a reasonable chance of success for a U. S. District Court
appeal after dismissal of the adversary case, and failed to show
"more likely than not" irreparable harm from a denial.

                      About the Zohar Funds

New York-based Patriarch Partners, LLC, is a private equity firm
specializing in acquisition, buyouts, and turnaround investment in
distressed American companies and brands. Patriarch Partners was
founded by Lynn Tilton in 2000.  Lynn Tilton and her affiliates
held substantial equity stakes in portfolio companies, which
include iconic American manufacturing companies with tens of
thousands of employees.

The Zohar funds were created to raise money through selling a form
of notes called collateralized loan obligations to investors that
was then used to extend loans to dozens of distressed mid-size
companies, often in connection with the acquisition of those
companies out of bankruptcy.

Patriarch bought "distressed" companies via funding from a series
of collateralized loan obligations (CLOs) marketed through
Patriarch via its $2.5 billion "Zohar" funds. Tilton placed the
funds into bankruptcy in 2018 in an attempt to keep Patriarch's
portfolio from being liquidated by Zohar creditors including bond
insurer MBIA, which insured $1 billion worth of Zohar notes.
Combined debt of the funds is estimated at $1.7 billion.

Zohar CDO 2003-1, Zohar CDO 2003-1 Corp., Zohar II 2005-1, Limited,
Zohar II 2005-1 Corp., Zohar III, Limited, and Zohar III, Corp.
(collectively, the "Zohar Funds"), sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case Nos. 18-10512 to
18-10517) on March 11, 2018. In the petition signed by Lynn Tilton,
director, the Debtors were estimated to have $1 billion to $10
billion in assets and $500 million to $1 billion in liabilities.  

Young Conaway Stargatt & Taylor, LLP, is the Debtors' bankruptcy
counsel.


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Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2022.  All rights reserved.  ISSN: 1520-9474.

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