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

              Friday, June 17, 2022, Vol. 26, No. 167

                            Headlines

3200 MYERS: Exclusivity Period Extended to Sept. 1
942 PENN: Seeks Access to 1250916 Ontario's Cash Collateral
AFAB SOLUTIONS: Taps Thomas Murphy CPA as Special Counsel
ALAMO DRAFTHOUSE: Sells Mondo After Exit From Chapter 11
ALERISLIFE INC: Registers 3.5M Shares Under 2014 Equity Plan

ALLIANCE MECHANICAL: Wins Final Cash Collateral Access
ALVOGEN PHARMA: S&P Affirms 'B-' Long-Term ICR, Outlook Negative
AMMON ANALYTICAL: Seeks Cash Collateral Access
APEX CONVEYOR: Seeks to Use Cash Collateral Thru Oct 4
ARKANSAS HOUSE: Seeks Cash Collateral Access

ATLANTA LIGHT: Court Directs Chapter 11 Trustee Appointment
ATLANTIC BROOM: Files Emergency Bid to Use Cash Collateral
AYTU BIOPHARMA: Registers $867,769 Common Shares for Resale
BRAZOS ELECTRIC: Considers Settlement Proposal on $1.9B Storm Bill
CALERES INC: S&P Alters Outlook to Positive, Affirms 'B+' ICR

CDP HOLDINGS: Voluntary Chapter 11 Case Summary
CEREMONY SALON: Wins Cash Collateral Access Thru Aug 8
CHICAGO AUTO: Seeks Cash Collateral Access
CHRIS PETTIT: UST Appoints Eric Terry as Chapter 11 Trustee
COMPASS MINERALS: S&P Alters Outlook to Neg., Affirms 'BB-' ICR

CONSOLIDATED WEALTH: Taps Wilson Kelly as Special Counsel
CREDITO REAL: Battered By Hidden Losses, Missing Money
CROWN COMMERCIAL: Wins Interim Cash Collateral Access
DEEP ELLUM: Unsecured Creditors to Recover 51% in Subchapter V Plan
EAGLE BEAR: Tussles With Blackfeet Over Disputed Lease

EAST/ALEXANDER HOLDINGS: Property Foreclosure Temporarily Thwarted
ELKHORN EXPLORATION: Unsecured Creditors to Split $25K over 5 Years
EMERALD HOLLOW: Gets OK to Hire Essex Richards as Legal Counsel
EMERALD HOLLOW: Gets OK to Hire Michael Bowers as Accountant
EXWORKS CAPITAL: Unsecureds to Get Litigation, World Trade Proceeds

GATEARM TECHNOLOGIES: Unsecureds to Get $4.5K per Month for 5 Years
GIRARDI & KEESE: Tom's Ex-Wife Goes to Court Over Spousal Support
GULF COAST HEALTH CARE: Reaches New Deal With Creditors
HAIL MARY: Wins Interim Cash Collateral Access Thru June 29
HOME EASY: Voluntary Chapter 11 Case Summary

HOVNANIAN ENTERPRISES: Registers 550K Shares Under Incentive Plan
HUMANIGEN INC: All Three Proposals Passed at Annual Meeting
IMAGEWARE SYSTEMS: Nantahala Capital, et al. Report 41.1% Stake
JINZHENG GROUP: Taps Danning Gill Israel & Krasnoff as New Counsel
KCIBT HOLDINGS: Moody's Assigns 'Caa2' CFR, Outlook Stable

KINSEY & KINSEY: Case Summary & 15 Unsecured Creditors
LAFORTA - GESTAO: Voluntary Chapter 11 Case Summary
LIVEWELL ASSISTED: Trustee Taps Waldrep Wall Babcock as Counsel
LOUISIANA HIGHWAY: Exclusivity Period Extended to July 28
LTL MANAGEMENT: J&J's Talc Bankruptcy May Last More Than a Year

MAPLE LEAF: Seeks Continued Cash Collateral Access Thru Aug 31
MEDICAL TECHNOLOGY: Files Chapter 11 Subchapter V Case
MICROVISION INC: Registers 16.5M Shares Under 2022 Incentive Plan
MID SOUTH UTILITY: Taps Kelley Fulton Kaplan & Eller as Counsel
MISSOURI JACK: Taps SL Biggs as Valuation Service Provider

MT. TOM COMPANIES: Reaches Quarry Dispute Settlement With DCR
NATIONAL CINEMEDIA: Wasatch Advisors Ceases to be Shareholder
NEIGHBORHOOD RADIOLOGY: Voluntary Chapter 11 Case Summary
NEONODE INC: Forsakringsaktiebolaget Reports 9.8% Equity Stake
NEW MONARCH: Case Summary & 20 Largest Unsecured Creditors

O'HARE SHELL: Amends West Town Bank Secured Claim Pay Details
PARKER MEDICAL: Seeks Cash Collateral Access
PEGASUS SERVICES: Wins Cash Collateral Access Thru July 21
PROFESSIONAL TECHNICAL: Committee Taps Dundon as Financial Advisor
Q BIOMED: Ari Jatwes Has 5.9% Equity Stake as of May 26

QUANTUM CORP: B. Riley Financial Reports 5.8% Equity Stake
QUICKER LIQUOR: Seeks to Hire Kung & Brown as New Counsel
REVLON INC: Case Summary & 50 Largest Unsecured Creditors
REVLON INC: Files for Chapter 11 to Reorganize Finances
REVLON INC: Has $575 Million of DIP Financing

REVLON INC: In Chapter 11 Due to Heavy Debt, Supply Chain Woes
RIOME PLUMBING: Files Bare-Bones Chapter 11 Petition
RITE AID: S&P Cuts Issuer Credit Rating to 'CC', Outlook Negative
ROCKET MORTGAGE: S&P Affirms 'BB+ Long-Term ICR, Outlook Stable
ROOF IT BETTER: Case Summary & 20 Largest Unsecured Creditors

SAVANNAH CAPITAL: U.S. Trustee Unable to Appoint Committee
SCOTTS MIRACLE-GRO: Moody's Alters Outlook on Ba2 CFR to Negative
SHREENATH HOLDING: Case Summary & Eight Unsecured Creditors
SIMPLY MAC: Closes Eastern Idaho Store After Chapter 7 Filing
SM ENERGY: S&P Alters Outlook to Positive, Affirms 'B+' ICR

SOLTERRA RENEWABLE: Taps Forshey & Prostok as Legal Counsel
SUMMIT FINANCIAL: Has Deal on Cash Collateral Access Thru Sept 30
SVP HOLDINGS: S&P Rates New Secured First-Lien Term Loan 'B-'
SWAP.COM INC: Case Summary & 20 Largest Unsecured Creditors
TAMARACK VALLEY ENERGY: S&P Affirms 'B' LT ICR, Outlook Stable

TILDEN MARCELLUS: Exclusivity Period Extended to Sept. 6
TITAN INTERNATIONAL: Moody's Hikes CFR & Senior Secured Bond to B2
TOWNE & TERRACE: Unsecureds to be Paid in Full in Subchapter V Plan
TPC GROUP: Says Bayside, Cerberus Bond Lawsuit Falls Short
TPC GROUP: U.S. Trustee Appoints Creditors' Committee

TUMBLEWEED TINY HOUSE: Gets Cash Collateral Access Thru June 30
VERTEX ENERGY: Richard Jacinto II Lowers Equity Stake to 3.9%
VOYAGEUR ACADEMY: S&P Raises 2011 Revenue Bonds Rating to 'B+'
VTV THERAPEUTICS: G42, Tahnoon Bin Hold 13.4% of Class A Shares
ZOHAR FUNDS: Squabbles With Tilton Over Appointment of Stila Manage

ZZ HOME CARE: Taps Hendren Redwine & Malone as Bankruptcy Counsel
[*] U.S. House Advances Bill to Help Small Firms During Bankruptcy
[^] BOOK REVIEW: Hospitals, Health and People

                            *********

3200 MYERS: Exclusivity Period Extended to Sept. 1
--------------------------------------------------
3200 Myers Street Partners, LLC obtained an order from the U.S.
Bankruptcy Court for the Central District of California extending
the exclusivity periods to file a Chapter 11 plan and solicit
acceptances to Sept. 1 and Dec. 1, respectively.

The extension gives 3200 Myers more time to negotiate with
creditors and resolve their disputes, according to the company's
attorney, Robert Goe, Esq., at Goe Forsythe & Hodges, LLP.

"The percentage the [company] will be able to pay creditors will
depend on whether certain debts may be reduced by litigation or
compromise and the [company] is in the process of continued
negotiations with creditors, has already reached resolutions with
certain disputed creditors and will be filing motions for approval
of additional compromises," Mr. Goe said in court papers.

The company on May 12 filed its Chapter 11 plan, which contemplates
the liquidation of its assets and the distribution of the proceeds
from the sale and funds on hand to creditors.

3200 Myers owns commercial properties in Pennsylvania and Arkansas
for which it has obtained court approval to sell. The company is
working to close those sales.

                  About 3200 Myers Street Partners

Costa Mesa, Calif.-based 3200 Myers Street Partners, LLC, owns
commercial properties in Pennsylvania and Arkansas. It filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 22-10057) on Jan. 14, 2022,
listing as much as $10 million in both assets and liabilities.
Robert P. Mosier, chief restructuring officer, signed the
petition.

Judge Scott C. Clarkson oversees the case.

The Debtor tapped Goe Forsythe & Hodges, LLP as bankruptcy counsel;
A. Lavar Taylor, LLP and Cross, Gunter, Witherspoon & Galchus, P.C.
as special counsels; and Mosier & Company, Inc. as restructuring
advisor.  Robert Mosier, president and chief executive officer of
Mosier & Company, serves as the Debtor's chief restructuring
officer.

On May 12, 2022, the Debtor filed its proposed Chapter 11 plan,
which provides for the liquidation of its assets and the
distribution of the proceeds and funds on hand to its creditors.


942 PENN: Seeks Access to 1250916 Ontario's Cash Collateral
-----------------------------------------------------------
942 Penn RR, LLC asks the U.S. Bankruptcy Court for the Southern
District of Florida, Miami Division, for authority to use cash
collateral retroactive to the petition date, in which 1250916
Ontario Limited may assert a lien(s) and security interest(s), and
grant adequate protection to 1250916 Ontario Limited.

The Debtor needs access to cash collateral to conduct its
operation, including, but not limited to, payment of insurance,
utilities, suppliers, and outside services.

On November 2, 2017, the Debtor granted to 1250916 Ontario Limited
an Assignment of Leases and Rents of the Miami Beach Property,
recorded in in Book 30742 Page 2897 of the Miami-Dade Public
Records.

On April 4, 2017, Immokalee was granted a Collateral Assignment of
Leases, Rents and Profits of the Miami Beach Property, recorded in
in Book 30484 Page 3152 of the Miami-Dade Public Records. Pursuant
to the April Order, the State Court granted summary judgment in
favor of Ontario finding that Ontario was owed $800,000 by the
Debtor in connection with its $1.2 million loan to the Debtor.

The post-petition rental income generated by the Miami Beach
Property constitutes cash collateral of Ontario and Immokalee.

The amount of the scheduled secured claims on the Miami Beach
Property totals $9,845,511.  As such there is an 18% equity cushion
of approximately $2,155,000 in the Miami Beach Property for all of
the Debtor's scheduled secured creditors, including Ontario and
Immokalee.  The Debtor believes this equity cushion is sufficient
to provide Ontario with adequate protection.

Notwithstanding the substantial equity cushion, the Debtor is also
prepared to pay Immokalee adequate protection payments in the
amount of $5,000 per month, through confirmation of a Chapter 11
Plan, or until entry of an order modifying the amount of such
payments.

In addition, both Ontario and Immokalee are adequately protected in
that the Debtor's proposed Budget illustrates that the Debtor will
be operating on a cash-flow positive basis and the Debtor agrees to
grant Ontario and Immokalee replacement liens on post-petition
assets to the extent that it has a lien on cash collateral, and to
the extent that its pre-petition collateral is diminished by the
Debtor's use of cash collateral.

A copy of the motion and the Debtor's three-month budget for the
period from June to August 2022 is available at
https://bit.ly/3O71rcE from PacerMonitor.com.

The Debtor projects $180,000 in gross revenue and $74,400 in total
disbursements for June 2022.

                       About 942 Penn RR

942 Penn RR, LLC is the fee simple owner of a real property also
known as 942 Pennsylvania, Avenue, Miami Beach, Fla., valued at
$1.62 million.

942 Penn RR filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 22-14038) on
May 23, 2022. In the petition filed by Raziel Ofer, manager, the
Debtor disclosed $1,617,630 in total assets and $27,179,541 in
total liabilities.

Judge Robert A. Mark oversees the case.

Mark S. Roher, Esq., at Law Office of Mark S. Roher, PA serves as
the Debtor's counsel.



AFAB SOLUTIONS: Taps Thomas Murphy CPA as Special Counsel
---------------------------------------------------------
AFAB Solutions, LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Florida to employ Thomas Murphy CPA as
special counsel.

The Debtor needs the firm's assistance in preparing and filing its
annual tax returns, and in making the necessary amendments.

The firm will charge a flat fee for its services and will seek
reimbursement for its out-of-pocket expenses.

Thomas Murphy, a partner at Thomas Murphy CPA, 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 Murphy
     Thomas Murphy CPA
     11250 Old St.
     Augustine Rd. #144
     Jacksonville, FL 32257
     Tel: (904) 477-8744
     Fax: 904-619-4613
     Email:   tom@thomasmurphycpa.com

                       About AFAB Solutions

Afab Solutions, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 3:22-bk-00110-JAB) on
Jan. 18, 2022. In the petition signed by Alexis Rengel, owner, the
Debtor disclosed up to $100,000 in assets and up to $500,000 in
liabilities.

Judge Jacob Brown oversees the case.

Thomas C. Adam, Esq., at The Adam Law Group P.A. and Thomas Murphy
CPA serve as the Debtor's bankruptcy counsel and special counsel,
respectively.


ALAMO DRAFTHOUSE: Sells Mondo After Exit From Chapter 11
--------------------------------------------------------
Etan Vlessing of Billboard reports that indie movie circuit Alamo
Drafthouse Cinema has sold Mondo to Funko, the pop culture
lifestyle brand.

Terms of the deal by the indie movie circuit were not disclosed,
but the agreement hands Funko the creator of pop culture
collectibles like vinyl records, posters, soundtracks, toys,
apparel, books and games. The Alamo Drafthouse subsidiary Mondo was
founded in 2001 by Rob Jones and Tim League.

"Over the past few months, we searched exhaustively to find a
perfect partner who saw what was unique and special about Mondo and
was in a position to meaningfully invest in Mondo, nurture the
team, and further its reach and vision," said League in a
statement, adding: "Funko is exactly that unicorn. The team that
made Mondo amazing is staying together, making the transition to
Funko, and will continue their same work with the same creative
vision."

Alamo, which emerged from Chapter 11 in June 2022, has continued to
retool its business in the hope more movies will come from the
major studios as the pandemic eases, even as the traditional
theatrical window shortens. As part of that restructuring, Alamo
sold its Drafthouse Films label to digital distributor Giant
Pictures.

"Mondo's devoted fan base and high-end pop culture collectibles
make it the perfect complement to Funko's current portfolio of
brands. By leveraging our international distribution and licensing
network, we feel well-positioned to expedite the growth of the
Mondo brand,” Mondo CEO Andrew Perlmutter said in a statement on
Monday.

The deal for Mondo arrives just a month after former Disney CEO Bob
Iger joined a consortium led by Peter Chernin’s The Chernin Group
to invest $263 million in Funko to fuel its expansion.

                     About Alamo Drafthouse

The Alamo Drafthouse Cinema -- https://www.drafthouse.com/ -- is an
American cinema chain founded in 1997 in Austin, Texas, that is
famous for its strict policy of requiring its audiences to maintain
proper cinema-going etiquette. Known for offering full meal and
alcohol service at its theaters, the company also operates a movie
merchandise store and an annual genre film festival, Fantastic
Fest. Alamo Drafthouse had 41 locations as of March 31, 2021, with
23 of those locations ran by franchisees.

Alamo Drafthouse Cinemas Holdings, LLC and 33 affiliated companies
filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 21-10474)
on March 3, 2021. Alamo Drafthouse was estimated to have $100
million to $500 million in assets and liabilities as of the
bankruptcy filing.

The Hon. Mary F. Walrath is the case judge.

The Company tapped Young Conaway Stargatt & Taylor LLP as
bankruptcy counsel and Portage Point Partners as its financial
adviser.  The Debtor tapped Houlihan Lokey Capital as its
investment banker, led by Russell Mason, director in the firm's
Financial Restructuring Group. Epiq Corporate Restructuring, LLC,
is the claims agent.

                         *     *     *

In May 2021, Bankruptcy Judge Mary F. Walrath authorized Alamo
Drafthouse Cinemas Holdings, LLC, and its affiliated debtors to
sell substantially all assets to ALMO Holdings, LLC.  The aggregate
consideration for the purchased assets consists of a credit bid of
the DIP Loans (including the deemed term "roll up" of up to $26
million of Loans under the Credit Agreement) as well as the
assumption of liabilities.  ALMO was formed by creditors led by
private equity firm Altamont Capital Management and investment
manager Fortress Investment Group.


ALERISLIFE INC: Registers 3.5M Shares Under 2014 Equity Plan
------------------------------------------------------------
AlerisLife Inc. filed a Form S-8 registration statement with the
Securities and Exchange Commission relating to 3,500,000 shares of
common stock, par value $0.01 per share, issuable under the
AlerisLife Inc. Second Amended and Restated 2014 Equity
Compensation Plan.  At the 2022 Annual Meeting of Stockholders of
the Company  held on June 7, 2022, the Company's stockholders
approved the Plan, which increased by 3,500,000 the total number of
shares of Common Stock available for grant under the Plan to
6,407,259 shares of Common Stock.  A full-text copy of the
prospectus is available for free at:

https://www.sec.gov/Archives/edgar/data/1159281/000110465922068840/tm2217604d1_s8.htm

                      About AlerisLife

AlerisLife (formerly known as Five Star Senior Living Inc.) is a
holding company incorporated in Maryland and substantially all of
its business is conducted by its two segments: (i) residential
(formerly known as senior living) through its brand Five Star
Senior Living, or Five Star, and (ii) lifestyle services (formerly
known as rehabilitation and wellness Services) primarily through
its brands Ageility Physical Therapy Solutions and Ageility
Fitness, or collectively Ageility, as well as Windsong Home Health.
As of Dec. 31, 2021, through the Company's residential segment, it
owned and operated or managed, 141 senior living communities
located in 28 states with 20,105 living units, including 10,423
independent living apartments, 9,636 assisted living suites, which
includes 1,872 of its Bridge to Rediscovery memory care units, and
one continuing care retirement community, or CCRC, with 106 living
units, including 46 skilled nursing facility or SNF, units that was
closed in February 2022. The Company managed 121 of these senior
living communities (18,005 living units) for Diversified Healthcare
Trust, or DHC, and owned 20 of these senior living communities
(2,100 living units).  The Company's lifestyle services segment
provides a comprehensive suite of lifestyle services including
Ageility rehabilitation and fitness, Windsong home health and other
home based, concierge services at senior living communities the
Company owns and operates or manage as well as at unaffiliated
senior living communities.

AlerisLife reported a net loss of $29.93 million for the year ended
Dec. 31, 2021, and a net loss of $7.59 million for the year ended
Dec. 31, 2020, and a net loss of $20 million for the year ended
Dec. 31, 2019.  As of March 31, 2022, the Company had $396.47
million in total assets, $114.85 million in total current
liabilities, $110.08 million in total long-term liabilities, and
$171.54 million in total shareholders' equity.


ALLIANCE MECHANICAL: Wins Final Cash Collateral Access
------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Oklahoma
authorized Alliance Mechanical, LLC to use cash collateral on a
final basis in accordance with the budget, with a 10% variance.

The Debtor needs to use cash collateral, including proceeds from
accounts receivable, to pay current operating expenses.

Arvest Bank and the Internal Revenue Service have secured claims
that are secured by properly perfected priority liens and security
interests.

Arvest Bank and IRS are entitled to a validly perfected first
priority lien on and security interests in the Debtor's
post-petition Collateral subject to existing valid, perfected and
superior liens in the Collateral held by other creditors, if any,
and the Carve-Out. This lien will be in addition to the liens that
Arvest Bank and IRS had in the assets and property of Debtor as of
the petition date, which liens extend to and encumber the proceeds
and products of the property of the Debtor in existence at the time
the bankruptcy petition was filed.

The rights, liens and interests granted to Arvest Bank and IRS will
be based on Arvest Bank's and IRS's relative rights, liens and
interests in the Debtor's cash collateral pre-petition. The
priority of Arvest Bank and IRS in the post-petition property will
be based on the priority Arvest Bank and IRS held in property of
the Debtor as of the petition date. The priority will be determined
by agreement of the secured creditors and/or by order or judgment
of the Court. The liens of Arvest Bank and IRS will continue to
attach to the newly arising assets and protect Arvest Bank's and
IRS's claim.

The post-petition security interests and liens granted will be
valid, perfected and enforceable and shall be deemed effective and
automatically perfected as of the Petition Date without the
necessity of Arvest Bank and IRS taking any further action.

In the event of, and only in the case of Diminution of Value of
their interests in the Collateral, the Arves Bank and IRS will be
entitled to a super-priority claim that will have priority in the
Debtor's bankruptcy case over all priority claims and unsecured
claims against the Debtor and its estate.

The Carve-Out will include any fees due to the U.S. Trustee
pursuant to 28 U.S.C. section 1930 and fees and expenses incurred
by Debtor's professionals, the Subchapter V trustee, Stephen
Moriarty, and approved by the Court.

The Debtor will be required to insure to its full value all
Collateral subject to Arvest Bank and IRS's liens. The Debtor will
be required to furnish evidence of insurance to Arvest Bank and IRS
upon request.

A copy of the order and the Debtor's budget is available at
https://bit.ly/3zE0iF7 from PacerMonitor.com.

The Debtor projects $47,505 in total monthly operating expenses and
$65,000 in monthly estimated income.

                  About Alliance Mechanical, LLC

Alliance Mechanical, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. W.D. Okla. Case No. 22-11002) on May
16, 2022. In the petition filed by Keith Trout, Jr., president, the
Debtor disclosed $100,000 in assets and up to $500,000 in
liabilities.

Judge Sarah A. Hall oversees the case.

Gary D. Hammond, Esq., at Mitchell & Hammond oversees the case.

Arvest Bank, as creditor, is represented by John W. Mee, III, Esq.


ALVOGEN PHARMA: S&P Affirms 'B-' Long-Term ICR, Outlook Negative
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' long-term issuer credit rating
on pharmaceutical company Alvogen Pharma US Inc.. The outlook
remains negative.

The negative outlook reflects the possibility of an unsustainable
capital structure if the company is unable to address its upcoming
debt maturities or if operating cash flow prospects significantly
deteriorate. This could occur from poor execution of recently
launched products or further delays to upcoming launches.

S&P said, "The rating affirmation reflects our expectation for
EBITDA and operating cash flow generation to materially improve
over the next couple of years and for the company to address its
upcoming debt maturities well before they come due. The increased
EBITDA in our forecast stems primarily from recent and future
product launches that should contribute to a significant increase
in gross profit, that we estimate will more the offset the higher
costs to support those launches. We expect operating cash flow
generation will be negative this year due to significant working
capital investments related to product launches. We then assume it
becomes positive in 2023 with further improvement in subsequent
years as new product sales ramp up. As a result, we expect adjusted
debt to EBITDA to decline to 9x-10x by year-end 2022 and 5x-6x in
2023. That said, we believe the company's deleveraging efforts over
the next couple of years may be held back by weaker internal cash
generation than we anticipate as it looks to ramp up product launch
efforts. New products require increased spending on field force and
marketing efforts ahead of their launch. We believe that
unanticipated delays or challenging market conditions would weaken
Alvogen's EBITDA margins and inhibit its ability to generate
positive free operating cash flow. This scenario could result in
leverage remaining elevated and lead us to view the capital
structure as unsustainable.

"Our negative outlook reflects elevated refinancing risks with all
of the company's debt coming due within the next 1.5 years,
including the ABL due in January 2023 and term loan due in December
2023. It also reflects the downside risk to our base-case forecast,
which assumes the company will generate positive annual operating
cash flow beyond 2022, driven by recent and new product launches
over the next 12 months.

"We could lower our rating within the next six to 12 months if we
believe Alvogen's capital structure is unsustainable. This could
occur if the company is unable to address its upcoming debt
maturities or if operating cash flow prospects significantly
deteriorate, potentially due to poor execution of recently launched
products or further delays to upcoming products.

"We could revise our outlook to stable if the company successfully
refinances its upcoming debt maturities and we expect operating
cash flow generation will easily cover its fixed charges including
mandatory debt amortization, as well as some purchases of
intangible assets. Under this scenario, we would expect EBITDA to
interest coverage above 2x and significant growth from Alvogen's
recent and upcoming product launches."

ESG credit indicators E-2, S-2, G-3

Governance factors are a moderately negative consideration in our
credit rating analysis. S&P's assessment of the company's financial
risk profile as highly leveraged reflects corporate decision-making
that prioritizes the interests of the controlling owners, in line
with its view of the majority of rated entities owned by
private-equity sponsors. S&P's assessment also reflects the
generally finite holding periods and a focus on maximizing
shareholder returns.



AMMON ANALYTICAL: Seeks Cash Collateral Access
----------------------------------------------
Ammon Analytical Laboratories, LLC asks the U.S. Bankruptcy Court
for the District of New Jersey for authority to use cash collateral
and provide adequate protection.

The Debtor requires the use of cash collateral to pay its ordinary
and necessary business expenses such as payroll, rent, taxes,
utilities, insurance, maintenance, inventory costs, and other basic
operating expenses, including professional fees and fees due the
Office of the United States Trustee as set forth in the budget.

On March 26, 2019, JP Morgan Chase Bank, N.A. extended a Line of
Credit to the Debtor in the amount of $2,500,000, due and payable
on March 26, 2020, with an interest rate at 3% per annum above the
Adjusted LIBOR Rate. The Note was subject to a certain Credit
Agreement between the Debtor and Chase dated March 26, 2019.

On September 29, 2020, Chase extended a $1,435,000 line of credit
to the Debtor, due and payable on January 1, 2021, with an interest
rate of 3% per annum above the Adjusted LIBOR Rate. The Extension
Note was subject to a Credit Agreement dated September 29, 2020.
The Extension Note and the Extension Credit Agreement extended the
indebtedness under the LOC Contract.

On March 24, 2021, the Debtor executed a Term Note in favor of
Chase in the amount of $1,360,000, due and payable on July 24,
2021, with an interest rate of 3% per annum above the Adjusted
LIBOR Rate, payable by monthly installment payments of $55,890. The
Term Note is subject to a Credit Agreement between the Debtor and
Chase dated March 24, 2022. The Term Note and Credit Agreement
extended the indebtedness under the LOC Extension Contract.

To secure payment of the amounts due to Chase, the Debtor executed
and delivered to Chase a Continuing Security Agreement dated March
26, 2019, whereby Debtor granted Chase a first priority security
interest in all of the Debtor's current and future collateral
including its accounts, receivables and proceeds. Chase duly
perfected its security interest in the cash collateral by causing a
UCC-1 financing statement to be filed on March 27, 2019.

To further secure payment, on March 26, 2019, Stephen A. Haupt
executed a Continuing Guaranty pursuant to which Haupt agreed to
unconditionally guaranty payment of the Debtor's obligations to
Chase.

The Debtor subsequently fell into default under the Term Contract.

As of the Petition Date, the Debtor owed Chase $1,207,620 plus
$1,500 for attorneys' fees and costs under the Term Contract.

The Cash Collateral Budget reflects that Chase's interests will be
adequately protected, given the Debtor's projected earnings. In
addition, the Debtor agrees to make monthly payments to Chase of
$10,000 per month and agrees to provide Chase with a  postpetition
replacement security interest in the Debtor's accounts receivable
to the extent the cash collateral is used by the Debtor, satisfying
sections 361(1) and (2) of the Bankruptcy Code.

A copy of the motion is available at https://bit.ly/3QkLrpd from
PacerMonitor.com.

             About Ammon Analytical Laboratories

Ammon Analytical Laboratories, LLC --
https://www.ammonlabs.com/about-ammon -- provides the highest
quality laboratory testing for healthcare professionals
nationwide.

Ammon Analytical Laboratories sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 22-14534) on June
7, 2022.  In the petition filed by Stephen Haupt, managing member
and CEO, the Debtor estimated assets between $1 million and $10
million and liabilities between $10 million and $50 million.

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

Erin Kennedy, Esq., at Forman Holt, is the Debtor's counsel.



APEX CONVEYOR: Seeks to Use Cash Collateral Thru Oct 4
------------------------------------------------------
Apex Conveyor Systems, Inc., a California corporation, asks the
U.S. Bankruptcy Court for the Central District of California,
Riverside Division, for authority to use cash collateral and
provide adequate protection through October 4, 2022.

The Debtor requires the use of cash collateral to pay regular
business expenses in accordance with the budget, with a 10%
variance.

The parties that may assert an interest against the cash collateral
include BizFund, LLC, David Hill and Barbara Hill, QuarterSpot
(also known as DLI Assets Bravo, LLC, serviced by QuarterSpot,
Inc.), and River Capital Partners.

In May 2019, the Debtor entered into a financing agreement with
BizFund in the principal amount of $90,000, pursuant to the parties
loan agreement, to be secured against substantially all of the
Debtor's assets on account of a UCC Financing Statement filed
November 5, 2019. The current balance on the loan is approximately
$55,000.

In May 29, 2015, the Debtor purchased its business from David Hill
and Barbara Hill in the principal amount of $700,000. After
litigation, on July 14, 2020, Hill and Debtor entered into a
Settlement Agreement agreeing that the new principal balance due
was $640,000, secured against substantially all of the Debtor's
assets on account of a UCC Financing Statement filed July 9, 2015.
The current balance on the loan is approximately $610,000.

In 2017, the Debtor entered into a financing agreement with
QuarterSpot in the principal amount of $150,000. After litigation,
on April 20, 2022, both Debtor and QuarterSpot entered into a
Settlement Agreement agreeing that the new principal amount due was
$23,812.45, payable over 30 months pursuant to the parties'
Settlement Agreement. This claim has an existing UCC Financing
Statement filed on September 29,2017, against the Debtor's assets.
The current balance on the loan is approximately $23,890.

In 2019, the Debtor entered into a financing agreement with River
Capital, in the principal amount of $130,000, bearing interest at a
rate of 15%, paid in weekly payments pursuant to the parties' loan
agreement, to be secured against substantially all of the Debtor's
assets on account of a UCC Financing Statement filed November 12,
2019. The current balance on the loan is approximately $90,763.

The Debtor proposes adequate protection payments to Hill, which is
believed to be the Debtors' senior secured lender.

To the extent necessary, the Debtor will grant a replacement lien
to all parties asserting a lien against the cash collateral used by
the Debtor, lo the same extent valid, and with the same priority,
existing on the Debtor's bankruptcy petition dale, against all
post-petition property of the Debtor.

A copy of the motion is available at https://bit.ly/3QkNN7x from
PacerMonitor.com.

                 About Apex Conveyor Systems Inc.

Apex Conveyor Systems Inc. designs and manufactures parts and
components for any conveyor system application.

Apex Conveyor Systems Inc. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 22-12152) on
June 6, 2022. In the petition filed by Greg S. King, as president,
the Debtor estimated assets between $100,000 and $500,000 and
liabilities between $1 million and $10 million.

The case is assigned to Honorable Bankruptcy Judge Magdalena Reyes
Bordeaux.

Robert B. Rosenstein, Esq., at Rosenstein & Associates, is the
Debtor's counsel.


ARKANSAS HOUSE: Seeks Cash Collateral Access
--------------------------------------------
Arkansas House Works, Inc. asks the U.S. Bankruptcy Court for the
Western District of Arkansas, Hot Springs Division, for authority
to use cash collateral.

The Citizens Bank is the Debtor's primary creditor. The bank has a
second mortgage on the Debtor's real property located at 130 East
Highway 171, Hot Springs, AR 71913. In addition, the Bank holds a
mortgage junior in priority to the mortgage of Diamond Bank, on the
property located at 2350 E. Hwy 171, Malvern, AR 71913, which is
owned personally by Nicholas Chaich and is not part of the
bankruptcy estate. The Bank also has a properly-perfected lien and
security interest in a substantial portion of the Debtor's personal
property, including inventory, furniture, fixtures, equipment,
inventory, accounts, and rights to payment, which is
cross-collateralized with two separate notes owned by the Bank.

Southern Bancorp Bank holds the first mortgage on the Debtor's real
property located at 130 East Highway 171, Hot Springs, AR 71913.

The Debtor proposes that upon Court order, the Debtor be authorized
to use cash collateral to:

     a. Pay ordinary and necessary payroll and labor expenses;

     b. Pay the monthly mortgage payments due to SBB which the
Debtor has maintained as current until the filing of the case; and

     c. Pay ordinary and necessary expenses incurred in the
operation of the Debtor's business.

The Debtor is currently paying Adequate Protection payments to the
Bank, pursuant to the Agreed Order Granting Motion for Adequate
Protection and Withdrawing Motion to Dismiss entered on March 9,
2022.

The Debtor has insured equipment, fully and deemed the Bank as loss
payee. In addition, the Bank maintains an interest in the real
property.

A copy of the motion is available at https://bit.ly/3zCAo4I from
PacerMonitor.com.

                 About Arkansas House Works, Inc.

Arkansas House Works, Inc. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Ark. Case No. 6:22-bk-70114)
on February 2, 2022. In the petition signed by Nicholas Chaich,
president, the Debtor disclosed up to $50,000 in assets and up to
$1 million in liabilities.

Marc Honey, Esq., at Honey Law Firm, P. A. is the Debtor's
counsel.



ATLANTA LIGHT: Court Directs Chapter 11 Trustee Appointment
-----------------------------------------------------------
Judge Paul Baisier of the U.S. Bankruptcy Court for the Northern
District of Georgia granted the motion of the Official Committee of
Unsecured Creditors of Atlanta Light Bulbs, Inc. for the
appointment of Chapter 11 Trustee.

On June 13, 2022, the Court conducted a hearing on the motion and,
on the same date, hearings were held on Tandem Bank's Motion to
Dismiss Case; Sun Court Partners, LP's Motion for Relief from Stay;
Tandem Bank's Motion for Relief from Stay; and Tandem Bank's Motion
to Prohibit Use of Cash Collateral. Debtor was given notice of all
of the Additional Motions, but did not appear for any of the
hearings on June 13, 2022.

For the reasons stated, and based on good cause shown, the Court
finds that it is appropriate to grant the Motion and appoint a
Chapter 11 Trustee. Even if the Motion were not pending, the Court
finds that appropriate circumstances exist in this case based on
the evidence presented at the Hearing and the Debtor's failure to
appear in this case.

A copy of the order is available for free at https://bit.ly/3Qr5d2a
from PacerMonitor.com.

Proposed Co-Counsel for the Official Committee of Unsecured
Creditors:

     Kathleen G. Furr, Esq.
     BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ, PC
     3414 Peachtree Road, N.E.
     Atlanta, GA 30326
     Telephone: (404) 577-6000
     Facsimile: (405) 221-6501
     E-mail: kfurr@bakerdonelson.com

          - and -

     Jason M. Torf, Esq.
     Brian J. Jackiw, Esq.
     TUCKER ELLIS LLP
     233 S. Wacker Dr., Suite 6950
     Chicago, IL 60606-9997
     Telephone: (312) 256-9432
     Facsimile: (312) 624-6309
     E-mail: jason.torf@tuckerellis.com
             brian.jackiw@tuckerellis.com

           About Atlanta Light Bulbs, Inc.

Atlanta Light Bulbs, Inc. is a family-owned and operated lighting
company that offers commercial lighting, fixtures, replacement
sockets, ballasts, and LED bulbs.

Halco Lighting Technologies, LLC, Candela Corporation, and Norcross
Electric Supply Company filed an involuntary petition for relief
against Atlanta Light Bulbs, Inc. under Chapter 11 of U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No.  22-52950) on April 15,
2022.


ATLANTIC BROOM: Files Emergency Bid to Use Cash Collateral
----------------------------------------------------------
Atlantic Broom Service, Inc. asks the U.S. Bankruptcy Court for the
District of Massachusetts for authority to use cash collateral on
an emergency basis.  The cash collateral consists of amounts paid
by its subsidiary, ATL Municipal Sales, LLC, to Atlantic Broom
pursuant to an Expense Sharing and Manufacturing Agreement between
the parties.

On an immediate basis, Atlantic Broom seeks only to use cash
collateral to cover three weeks of non-insider payroll, amounting
to $28,080 pending the upcoming hearings currently scheduled for
June 21, 2022. In order not to further delay paying these
employees, Atlantic Broom requests that the Court schedule a
hearing to consider the Motion as soon as the Court's calendar
permits.

The Expense Sharing and Manufacturing Agreement has served only to
keep both Atlantic Broom and ATL alive. If ATL ceases operations,
as it will if Atlantic Broom's ongoing expenses cannot be paid, the
Expense Sharing and Manufacturing Agreement is of no value to any
of the secured creditors. This is particularly the case given that
if ATL were to collapse, lender SouthStar almost certainly would
seek to enforce its security interest in ATL's accounts receivable,
inventory and the proceeds thereof.

The payments to be made by ATL to Atlantic Broom under the Expense
Sharing Portion of the Agreement are specifically allocated to
ongoing overhead expenses as they are incurred. The clear intent of
this expense sharing arrangement is for ATL to make payments only
to cover the overhead expense in lieu of ATL making these payments
directly. If  the money paid on account of expense sharing is to be
used for another purpose then there would be no obligation on the
part of ATL to make such payment as the very purpose of this
provision would fail.

To the extent they have a security interest in funds paid by ATL to
Atlantic Broom, secured creditors will be adequately protected by
the mere fact that continued use of those funds will allow Atlantic
Broom and ATL to continue operations.

Atlantic Broom proposes to provide secured creditors with a
replacement lien on post-petition assets to the extent of any
diminution of their collateral caused by its usage of amounts paid
to it by ATL pursuant to the terms of the Agreement, with such
liens attaching in the order of priority as they existed as of the
commencement of the case.

The Debtor also requests the court to conduct a second interim
hearing on the matter for June 21, 2022.

A copy of the motion and the Debtor's eight-week budget ending
August 5, 2022 is available at https://bit.ly/3tzca7O from
PacerMonitor.com.

The budget provides for total outflow, on a weekly basis, as
follows:

     $89,758 for the week ending June 17, 2022;
     $69,162 for the week ending June 24, 2022;
     $64,908 for the week ending July 1, 2022;
     $87,408 for the week ending July 8, 2022;
     $74,888 for the week ending July 15, 2022;
     $52,950 for the week ending July 22, 2022;
     $45,750 for the week ending July 29, 2022; and
     $45,750 for the week ending August 5, 2022.

                   About Atlantic Broom Service

Atlantic Broom Service, Inc. offers roadway maintenance products,
including replacement street sweeper brooms, blades and supplies
for snow plows or traffic and highway signage for towns, cities,
contracting companies, property management firms and more.

Atlantic Broom Service filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No.
22-10173) on Feb. 15, 2022, listing up to $500,000 in assets and up
to $10 million in liabilities. Clement G. Kilcy, president, signed
the petition.

Judge Janet E. Bostwick oversees the case.

Rubin and Rudman LLP serves as the Debtor's legal counsel.


AYTU BIOPHARMA: Registers $867,769 Common Shares for Resale
-----------------------------------------------------------
Aytu Biopharma, Inc. filed a Form S-3 registration statement with
the Securities and Exchange Commission relating to the resale of
867,769 shares of Common Stock, par value $0.0001 per share, of
Aytu BioPharma, Inc. by Avenue Venture Opportunities Fund, LP and
Avenue Venture Opportunities Fund II, LP.  

The Common Stock is issuable upon the exercise of 867,769 warrants
of the Company issued to the Selling Stockholders pursuant to the
loan and security agreement dated Jan. 26, 2022.  The Warrants have
an exercise price of $1.21 per share, each subject to adjustment.
The Company will receive the proceeds from the exercise of the
Warrants.  The Company will not receive any proceeds from the sale
of any shares of Common Stock by the Selling Stockholders pursuant
to this prospectus.

The Company's Common Stock is listed on The Nasdaq Capital Market
under the symbol "AYTU."  On June 7, 2022, the last reported sale
price for the Company's Common Stock was $0.59 per share.  Each
prospectus supplement to this prospectus will indicate if the
securities offered thereby will be listed on any securities
exchange.

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

https://www.sec.gov/Archives/edgar/data/1385818/000155837022009817/tmb-20220608xs3.htm

                        About Aytu BioPharma

Englewood, Colorado-based Aytu BioPharma, Inc., formerly known as
Aytu BioScience, Inc. -- http://www.aytubio.com-- is a specialty
pharmaceutical company with a growing commercial portfolio of
prescription therapeutics and consumer health products.  The
company's primary prescription products treat attention deficit
hyperactivity disorder (ADHD) and other common pediatric
conditions.  Aytu markets ADHD products Adzenys XR-ODT
(amphetamine) extended-release orally disintegrating tablets,
Cotempla XR-ODT (methylphenidate) extended-release orally
disintegrating tablets, and Adzenys-ER (amphetamine)
extended-release oral suspension.

Aytu Biopharma reported a net loss of $58.29 million for the year
ended June 30, 2021, a net loss of $13.62 million for the year
ended June 30, 2020, and a net loss of $27.13 million for the year
ended June 30, 2019.  As of Dec. 31, 2021, the Company had $223.82
million in total assets, $118.29 million in total liabilities, and
$105.54 million in total stockholders' equity.


BRAZOS ELECTRIC: Considers Settlement Proposal on $1.9B Storm Bill
------------------------------------------------------------------
Soma Biswas of The Wall Street Journal reports that Brazos Electric
Power Cooperative Inc., the largest electric coop in Texas, is
considering a proposed settlement of a $1.9 billion legal dispute
with the state's grid operator, a lawyer for the utility told a
bankruptcy judge on Monday.

Judge Marvin Isgur, a bankruptcy judge who has been acting as a
mediator in Brazos' bankruptcy case, has presented a settlement
proposal for a comprehensive plan that would resolve the dispute
between Brazos and the Electricity Reliability Council of Texas
over the invoice the coop incurred for power purchases during last
year's extreme winter weather, Louis Strubeck, Brazos' lawyer, told
Judge David Jones, who oversees the case.

Regulators ordered electricity rates to rise to hundreds of times
normal levels to spur power generation.

Brazos is reviewing the proposal and will take it under
consideration at upcoming board meetings, Mr. Strubeck also said.

Judge Jones agreed to allow Brazos, Ercot and other creditors to
continue negotiations and report back on progress in three weeks.

Mr. Strubeck said he couldn't disclose details of the proposal.

           About Brazos Electric Power Cooperative

Brazos Electric Power Cooperative Inc. is a 3,994-megawatt
transmission and generation cooperative which members' service
territory covers 68 counties from the Texas Panhandle to Houston.
It was organized in 1941 and the first cooperative formed in the
Lone Star state with the primary intent of generating and supplying
electrical power. At present, Brazos Electric is the largest
generation and transmission cooperative in the state and is the
wholesale power supplier for its 16 member-owner distribution
cooperatives and one municipal system.

Brazos Electric filed a voluntary petition for relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 21-30725)
on March 1, 2021. At the time of the filing, the Debtor disclosed
assets of between $1 billion and $10 billion and liabilities of the
same range.

Judge David R. Jones oversees the case.

The Debtor tapped Norton Rose Fulbright US, LLP as bankruptcy
counsel, Foley & Lardner LLP and Eversheds Sutherland US LLP as
special counsel, Collet & Associates LLC as investment banker, and
Berkeley Research Group, LLC as financial advisor.  Ted B. Lyon &
Associates, The Gallagher Law Firm, West & Associates LLP, Butch
Boyd Law Firm and Boyd Smith Law Firm, PLLC serve as special
litigation counsel.  Stretto is the claims and noticing agent.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtor's case on March 15, 2021.  The
committee is represented by the law firms of Porter Hedges, LLP and
Kramer, Levin, Naftalis & Frankel, LLP. FTI Consulting, Inc. and
Lazard Freres & Co. LLC serve as the committee's financial advisor
and investment banker, respectively.


CALERES INC: S&P Alters Outlook to Positive, Affirms 'B+' ICR
-------------------------------------------------------------
S&P Global Ratings revised its rating outlook on U.S.-based
footwear retailer and wholesaler Caleres Inc. to positive from
stable. S&P also affirmed its 'B+' issuer credit rating on the
company.

The positive outlook reflects the possibility of an upgrade over
the next 12 months if the company extends its good operating
performance for both its segments and sustains leverage in the
low-3x area.

S&P said, "The positive outlook reflects continued strength at
Caleres' two operating segments, although we expect performance
will moderate in 2022 as consumer savings normalize. In the first
quarter of 2022, Caleres' results continued to outperform our
former base case with consolidated revenue and consolidated gross
margin up by 15% and 1.5%, respectively, compared to the same
period last year, in part due to the lower promotional activity. In
2021, the company benefited from pent-up demand, with support from
school reopenings, stimulus payments as well as the continued trend
toward casual apparel. In 2022, we expect the operating performance
for the company to moderate, given the higher inflation costs and
our expectation for a more promotional retail environment as
inventory levels return to normal. However, in line with the
company's recent upwardly revised guidance, we still expect
Caleres's revenue to grow in the low- to mid-single-digit-percent
range in fiscal 2022, in part due to the continued recovery of the
Brand Portfolio segment.

"Industry headwinds persist in the Footwear apparel retail segment,
while the company remains prone to merchandise missteps. Our rating
incorporates our view that the company remains vulnerable to
changes in consumer discretionary spending and fashion risks. Given
the fierce competition at the Famous Footwear apparel retail
segment--including from new online players and the tough industry
dynamics, execution misses on product assortments could pressure
earnings and deteriorate credit metrics more than we envision. Our
rating also reflects the company's small scale and significant
merchandise sourcing exposure to China (about 60% pre-pandemic).
While the Famous Footwear segment benefited from the shift in
consumer preferences toward wellness, comfort, and sport
categories, the company's Brand Portfolio segment is expected to be
a tailwind in 2022 as work footwear remains strong. This segment
relies on wholesale partners and carries mostly dress and formal
footwear.

"We believe the company's limited funded debt, adequate liquidity,
and stable cash flow should help somewhat offset negative
macroeconomic trends. Following its strong free cash flow
generation of about $140 million in fiscal 2021, Caleres paid down
all its outstanding long-term debt in January 2022, and as of June
2022 had about $305 million of its revolving credit facility
outstanding. While higher freight charges and inflationary costs in
2022 will likely affect margins, we expect higher sales volumes to
lead to steady cash flow of $90 million in free operating cash flow
per year, and leverage remaining in the low-3x area on a sustained
basis. We expect the company will maintain its moderate financial
policy using internally generated cash flow to fund capital
expenditures and moderate share repurchases."

The positive outlook reflects the possibility of an upgrade over
the next 12 months if the company extends its good operating
performance for both its segments and sustains leverage in the
low-3x area.

S&P could raise its rating on Caleres if:

-- S&P expects the company to maintain its conservative financial
policy, supporting adjusted leverage in the low- 3x area; and

-- S&P viewed both segments as having good business prospects to
sustain profitable growth.

S&P could revise the outlook to stable if:

-- A worsening macroeconomic environment or merchandising missteps
cause weaker performance, resulting in revenue and profitability
contracting materially below our base-case forecast; or

-- The company shifts to a more aggressive financial policy with
larger shareholder repurchases or a large debt-funded acquisition
with leverage remaining in mid- to high-3x area over the next
year.

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



CDP HOLDINGS: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: CDP Holdings Group, LLC
        11302-02 Queens Blvd.
        Forest Hills, NY 11375

Chapter 11 Petition Date: June 16, 2022

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 22-41392

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Dawn Kirby, Esq.
                  KIRBY AISNER & CURLEY LLP
                  700 Post Road Suite 237
                  Scarsdale, NY 10583
                  Tel: (914) 401-9500
                  Email: dkirby@kacllp.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Daniel DiPeitro as sole member.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

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

https://www.pacermonitor.com/view/BONDANY/CDP_Holdings_Group_LLC__nyebke-22-41392__0001.0.pdf?mcid=tGE4TAMA


CEREMONY SALON: Wins Cash Collateral Access Thru Aug 8
------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North
Carolina, Durham Division, authorized Ceremony Salon, LLC to use
cash collateral on an interim basis in accordance with the budget,
with a 10% variance, through the earliest of:

     (i) the entry of a final order authorizing the use of cash
collateral,

    (ii) the entry of a further interim order authorizing the use
of cash collateral,

   (iii) August 8, 2022,

    (iv) the entry of an order denying or modifying the use of cash
collateral, or

     (v) the occurrence of a Termination Event.

These events constitute "Events of Termination":

      a. The effective date of any confirmed Chapter 11 plan in the
proceeding;

      b. Conversion of the case to another Chapter of the
Bankruptcy Code or removal of the Debtor from possession;

      c. The entry of further Court orders regarding the subject
matter hereof;

      d. Dismissal of the proceeding; or

      e. Occurrence of an event of default that is not timely
cured.

The Debtor requires the use of cash collateral to pay its
operational needs including the cost of maintaining the business,
payment of adequate protection payments, and other normal expenses
incurred in the ordinary course of the Debtor's business and as a
result of the filing of the Chapter 11 proceeding.

On May 26, 2020, the Debtor and the U.S. Small Business
Administration entered into a loan and security agreement. The loan
was secured by a blanket lien on all the Debtor's tangible and
intangible personal property and perfected by UCC Financing
Statement 20200061464G filed with the North Carolina Secretary of
State. The Debtor is unsure what the balance of the loan is.

On June 4, 2021, the Debtor and Expansion Group entered into a loan
and security agreement. The loan was secured by a blanket lien on
all the Debtor's assets "now or hereafter acquired" and perfected
by UCC Financing Statement 20210084467F filed with the North
Carolina Secretary of State on June 24, 2021. The Debtor believes
the balance of the Expansion Group loan is approximately $33,950.

On June 23, 2021, the Debtor and Fox Capital Group entered into a
loan and security agreement. The loan was secured by a blanket lien
on all the Debtor's accounts "now or hereafter owned or acquired"
and perfected by UCC Financing Statement 20210095853G filed with
the North Carolina Secretary of State on July 16, 2021. The Debtor
believes the balance of the Fox loan is approximately $12,104.

On July 14, 2021, the Debtor and Fox Capital Group entered into a
loan and security agreement. The loan was secured by a blanket lien
on all the Debtor's "present and future accounts" and perfected by
UCC Financing Statement 20210110415J filed with the North Carolina
Secretary of State on August 13, 2021. The Debtor believes the
balance of this loan is approximately $11,716.

On July 16, 2021, the Debtor and DeltaBridge Funding entered into a
loan and security agreement. The loan was secured by a blanket lien
on all the Debtor's "assets, including proceeds and products" and
perfected by UCC Financing Statement 20210116647A filed with the
North Carolina Secretary of State on August 26, 2021. The Debtor
believes the balance of the Chrome Capital loan is approximately
$5,914.

On August 9, 2021, the Debtor and Chrome Capital Advance entered
into a loan and security agreement. The loan was secured by a
blanket lien on all the Debtor's "present and future accounts" and
perfected by UCC Financing Statement 20210173528B filed  with the
North Carolina Secretary of State on December 29, 2021. The Debtor
believes the balance of the Chrome Capital loan is approximately
$17,353.

On August 12, 2021, the Debtor and Capytal.com entered into a loan
and security agreement. The loan was secured by a blanket lien on
all the Debtor's future receivables and perfected by UCC Financing
Statement 20210123874A filed with the North Carolina Secretary of
State on September 13, 2021. The Debtor believes the balance of the
Captial loan is approximately $4,320.

On August 25, 2021, the Debtor and Global Funding Experts entered
into a loan and security agreement. The loan was secured by a
blanket lien on all the Debtor's assets "now owned or thereafter
acquired" and perfected by UCC Financing Statement 20210154103M
filed with the North Carolina Secretary of State on November 15,
2021. The Debtor believes the balance of the Global Funding loan is
approximately $16,787.

On September 10, 2021, the Debtor and Green Grass Capital entered
into a loan and security agreement. The loan was secured by a
blanket lien on all the Debtor's assets "now owned or hereafter
acquired" and perfected by UCC Financing Statement 20220013755J
filed with the North Carolina Secretary of State on February 2,
2022. The Debtor believes the balance of the Green Grass loan is
approximately $3,636.

As adequate protection, the Secured Parties are granted a
post-petition replacement lien in Debtor's post-petition property
of the same type which secured the indebtedness of the Secured
Party pre-petition.

The security interests and liens granted to the Secured Party: (i)
are and will be in addition to all security interests, liens and
rights of set-off existing in favor of the Secured Party on the
Petition Date, if any; and (ii) will secure the payment of the
indebtedness owing to the Secured Party in an amount equal to the
aggregate cash collateral used or consumed by the Debtor.

The Debtor will preserve, protect, maintain and adequately insure
all its assets and continue to operate in the ordinary course of
business.

As additional adequate protection, the Debtor will keep all of its
personal property insured for no less than the amounts of the
pre-petition insurance and maintain appropriate workers
compensation and general liability insurance. The Debtor will
timely pay all insurance premiums related to any and all of the
collateral securing the claims of the Secured Parties.

A further cash collateral hearing is scheduled for August 8 at 9:30
a.m.

A copy of the order and the Debtor's budget for the period from
May

11 to June 7, 2022, is available at https://bit.ly/3NZGuAr from
PacerMonitor.com.

The Debtor projects $132,000 in revenue and  $130,201 in total
expenses for the period.

                  About Ceremony Salon, LLC

Ceremony Salon, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.C. Case No. 22-00492) on March 8,
2022. The case was transferred to the Middle District of North
Carolina (Bankr. M.D.N.C. Case No. 22-00492) on March 21, 2022.

In the petition signed by Rachel Lynn Radford, member-manager, the
Debtor disclosed up to $50,000 in assets and up to $500,000 in
liabilities.

Judge Lena Mansori James oversees the case.

Travis Sasser, Esq., at Sasser Law Firm is the Debtor's counsel.


CHICAGO AUTO: Seeks Cash Collateral Access
------------------------------------------
Chicago Auto Credit Sales, Inc. asks the U.S. Bankruptcy Court for
the Northern District of Illinois, Eastern Division, for entry of
an order approving its settlement and compromise with Nextgear
Capital, Inc. and use cash collateral in accordance with the
budget.

The Debtor requires the use of its cash collateral and
post-petition receipts to pay employees, rent, insurance, and other
necessary expenses associated with and necessary for the continued
operation of its business.

On July 9, 2021, the Debtor executed a Demand Promissory Note and
Loan and Security Agreement in favor of NextGear Capital, Inc. with
"the principal sum of $100,000 or such greater or lesser sum which
may be advanced to or on behalf of Borrower."

The Loan is secured by a lien on the assets of the Debtor,
including all vehicles, vehicle parts and inventory, purchase money
inventory, equipment, fixtures, inventory, accounts, instruments,
chattel paper, general intangibles, together with all replacements,
accessions, proceeds and products.

NextGear asserts a perfected security interest in the Collateral by
virtue of a UCC Financing Statement filed with the Illinois
Secretary of State on July 12, 2021.

Prior to the Petition Date, NextGear filed a lawsuit against the
Debtor in the case more commonly known as NextGear Capital, Inc. v.
Chicago Auto Credit Sales, Inc., et al., Case No.
29D03-2112-PL009155, in the Hamilton Superior Court, State of
Indiana and, on March 14, 2022 obtained a default judgment against
the Debtor in the amount of $87,992.

The Debtor and NextGear have reached an agreement to resolve and
settle all matters related to the Loan, the Sold Vehicles,
repayment of the Indebtedness and NextGear's Claim.

The parties agree that:

     a. Within 7 days after the entry of an Order approving the
Settlement, the Debtor will surrender the 2007 Mercedes-Benz S
Class, the 2009 BMW 7-Series and the 2006 Land Rover Range Rover
Sport to NextGear.

     b. NextGear's Claim in the amount of $87,992 will be modified
to reflect a secured claim in the amount of $11,400.

     c. The Debtor will make payments to NextGear in the amount of
$1,000 per month. Such payments will commence upon the entry of
this Order and each month thereafter on the 22nd of each month
until such time as NextGear has been paid $11,400 in satisfaction
of NextGear's Secured Claim. The parties agree that the payments
will continue as documented and will be set forth in the Debtor's
Plan of Reorganization.

     d. Provided the Debtor is making the payments to NextGear as
set forth in  subparagraph (iii), the Debtor is authorized to use
cash collateral.

A copy of the motion is available at https://bit.ly/3xU7DPz from
PacerMonitor.com.

                  About Chicago Auto Credit Sales

Chicago Auto Credit Sales, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
22-03260) on March 22, 2022, listing up to $50,000 in assets and up
to $500,000 in liabilities. Ken Novak serves as Subchapter V
trustee.

Judge Janet S. Baer oversees the case.

Gregory K. Stern, P.C. is the Debtor's bankruptcy counsel.



CHRIS PETTIT: UST Appoints Eric Terry as Chapter 11 Trustee
-----------------------------------------------------------
Kevin M. Epstein, the United States Trustee for Region 7, asks the
U.S. Bankruptcy Court for the Western District of Texas for an
order approving his appointment of Eric Terry as Chapter 11 Trustee
for the bankruptcy estate of Chris Pettit & Associates, P.C., and
principal Christopher John Pettit.

The Court granted the Motion to Appoint Chapter 11 Trustee filed by
creditor Sharon Brimhall, executrix of the Estate of Harry Sims at
a hearing on June 8, 2022. On June 14, 2022, the Court entered an
Order directing the U.S. Trustee to appoint a Trustee in accordance
with Section 1104(d) of the Bankruptcy Code.

To the best of the UST's knowledge, Mr. Terry's connections with
the Debtors, creditors, any other parties in interest, their
respective attorneys and accountants, the United States Trustee,
and persons employed in the Office of the United States Trustee,
are limited to the connections set forth in a Verified Statement
filed in support of this Application.

A copy of the application is available for free at
https://bit.ly/3b8BGKD from PacerMonitor.com.

            About Chris Pettit & Associates

Chris Pettit & Associates, P.C., is a personal injury law firm in
Texas.

Chris Pettit & Associates and principal Christopher John Pettit
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. W.D. Tex. Case No. 22-50591 and 22-50592) on June 1, 2022.
The Debtors have sought joint administration of their Chapter 11
cases.

In the petition filed by Christopher John Pettit, as president, the
firm estimated assets up to $50,000 and liabilities between
$100,000 and $500,000.

Michael G. Colvard, Esq., of MARTIN & DROUGHT, P.C., is the
Debtors' counsel.


COMPASS MINERALS: S&P Alters Outlook to Neg., Affirms 'BB-' ICR
---------------------------------------------------------------
S&P Global Ratings has revised the outlook on U.S.-based salt and
specialty fertilizer producer Compass Minerals International Inc.
to negative from stable and affirmed its 'BB-' issuer credit rating
on the company.

The issue-level rating and associated '1' recovery rating on the
company's secured debt and the issue-level rating and associated
'5' recovery rating on the unsecured debt are unchanged.

The negative outlook reflects the potential for a downgrade within
the next 12 months if Compass' earnings do not recover in fiscal
2023, and lead to leverage sustained beyond 5x.

The company' EBITDA margins will contract significantly to 15%-16%
in fiscal 2022 from 23% in the prior year. The expected contraction
in Compass' EBITDA margins reflects the impact of higher product
and logistics costs and relatively flat average selling prices in
the salt segment compared with the past fiscal year. S&P said, "The
company reported a 29% increase in logistics costs in the first
half of fiscal 2022, something that we expect will persist for the
rest of the year due to elevated fuel prices and trucking costs.
The increased logistics costs also reflect the impact of an
unfavorable sales location mix where some customer locations were
further from Compass' stockpiles. We expect elevated pricing for
sulphate of potash (SOP) in the plant and nutrition segment will
continue to persist and prop up margins, overshadowing lower
production in the segment due to suboptimal pond chemistry."

S&P Global Ratings' adjusted leverage of 5x-6x is expected in
fiscal 2022 despite Compass paying down debt with divestiture
proceeds from the sale of its South American chemicals business.
Estimated leverage this year is high for the rating and above S&P's
previous expectation of just below 4x. Although the company paid
down additional debt of $60 million, it will not be enough to
compensate for weaker-than-expected EBITDA of $170 million-$200
million that we anticipate this year, which compares unfavorably
with our previous expectation of $220 million-$270 million. As a
result, Compass was required to seek an amendment to its financial
covenant requirements under its credit agreement to avert a
potential breach.

On June 13, 2022, Compass entered into a second amendment to its
credit agreement revising the total consolidated net leverage ratio
covenant to 5.5x through Sept. 30, 2022, stepping down to 5.0x for
the subsequent five quarters. S&P said, "We expect a covenant
headroom of below 15% even with the amendment leaving a small
cushion for absorbing any unexpected further deterioration in
profitability. We expect compliance with the amended covenant over
the next 12 months along with our assumption of improved
earnings."

S&P said, "As with most sellers of highway deicing salt, we expect
Compass will recover some operating performance based on improved
selling prices for the 2022-2023 bidding season. We expect 8%-12%
increase in selling prices in fiscal 2023 as Compass passes on
increased costs to its customers, leading to our expectation of
recovering EBITDA margins of 18%-20%, assuming average winter
weather and sales volumes of 11.5 million–12.0 million tons.

"We would review our rating if we believe the expected rebound in
earnings might not be sufficient to maintain covenant compliance."

Potential sources of funds for the expansion of new business lines
could further stress credit metrics. Compass announced the
identification of lithium brine and lithium carbonate equivalent as
mineral resources at its Ogden facility. The company deems the
identified mineral resources as viable and has begun investing in
developing it as a new business line. So far, Compass is making use
of internally generated funds to fund early-stage development of
the resources, including the construction of a direct lithium
extraction plant. S&P said, "We expect free operating cash flow
(FOCF) will turn negative in 2022 because of increased capital
expenditures (capex) but expect it will recover in fiscal 2023 in
line with our expectation of earnings recovery. The company also
reduced shareholder distributions by 80% to provide additional
liquidity. To achieve market entry with lithium by 2025, we expect
significant capex beyond internally generated funds. Compass has
stated its intention to use nondebt sources to complete the
project, which could include a joint venture with another firm,
prepaid offtake agreements, preferred shares, and other forms of
hybrid capital. Our leverage estimates could change depending on
the final outcome of the funding evaluation based on our
criteria."

S&P said, "The negative outlook on Compass reflects that we could
lower our ratings over the next 12 months if the weakness in
earnings persists, without a recovery such that S&P Global Ratings'
adjusted leverage remains elevated beyond 5x. Although we expect
selling prices to improve and reflect current market conditions,
earnings could be lower if inflation persists beyond the levels
priced in its tenders or volumes decrease due to milder winter
weather.

"We could lower our rating on Compass over the next 12 months if it
fails to reduce S&P Global Ratings' adjusted leverage below 5x. We
believe this would most likely occur if its proposed sales prices
were not enough to ward off unanticipated increases in production
and logistics costs. It could also occur if Compass takes on
additional debt or hybrid capital, which we consider as having low
equity content to fund the development of its lithium business.

"We could revise our outlook on Compass to stable if it reduces S&P
Global Ratings' adjusted leverage below 5x and FOCF becomes
positive. This could occur if its earnings recover in line with our
base-case assumptions."

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

S&P said, "Environmental factors are a moderately negative
consideration in our credit rating analysis of Compass given that
its operations have a direct impact on the environment, including
water and energy consumption, as well as greenhouse gas emissions.
Overall, we consider company's operations less harmful to the
environment than coal and other forms of mining, with no climate
transition risks and therefore, subject to less stringent
environmental laws and regulations."



CONSOLIDATED WEALTH: Taps Wilson Kelly as Special Counsel
---------------------------------------------------------
Consolidated Wealth Holdings, Inc. and its affiliates seek approval
from the U.S. Bankruptcy Court for the Southern District of Texas
to employ Wilson Kelly, LLC as special counsel.

The Debtor needs the firm's legal assistance in connection with an
arbitration proceeding (Case No. 01-19-0002- 5686) captioned as
Sandra Vincent and Kyle O'Neal v. Consolidated Wealth Hldgs., et
al. (Am. Arbitration Assoc. 2019).

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

     Michael M. Wilson     $500 per hour
     J. Tynan Kelly        $400 per hour
     Paralegals            $200 per hour

In addition, the firm will seek reimbursement for its out-of-pocket
expenses.

Michael Wilson, Esq., a partner at Wilson Kelly, 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 M. Wilson, Esq.
     Wilson Kelly LLC
     3702 Mount Vernon St.
     Houston, TX 77006
     Tel: (713) 590-9730

                About Consolidated Wealth Holdings

Consolidated Wealth Holdings Inc. --
https://consolidated-wealth.com/investor-login/ -- is a holding
company based in Houston, Texas. The company and its affiliates
manage a portfolio of roughly 28 life settlement contracts with 380
investors. Consolidated Wealth is no longer engaged in the sale of
new life insurance today.

Consolidated Wealth and affiliates filed for Chapter 11 protection
(Bankr. S.D. Texas Lead Case No. 22-90013) on April 7, 2022. In the
petition filed by Deanna Osborne, owner, Consolidated Wealth listed
up to $500,000 in assets and up to $50,000 in liabilities.

Judge David R. Jones oversees the cases.

Perkins, Lee and Rubio, LLP and Wilson Kelly, LLC serve as the
Debtors' bankruptcy counsel and special counsel, respectively. Epiq
Bankruptcy Solutions is the claims, noticing, solicitation, and
administrative agent.


CREDITO REAL: Battered By Hidden Losses, Missing Money
------------------------------------------------------
Alexander Saeedy and Anthony Harrup of the Wall Street Journal
report Credito Real built a booming business lending at high
interest rates to Mexican teachers and other government workers.
The loans were paid back through payroll deduction, reducing the
risk of nonpayment.

Now it is planning to file for bankruptcy in Mexico after it has
faced growing skepticism over how it has been reporting its
earnings and measuring the size of its loan portfolio.  Investors
pulled the plug on the lender amid questions over why roughly half
of the value of its loan portfolio, or around $1.1 billion,
consisted of unpaid interest, which the company still hasn't
explained.

Credito Real would be the second nonbank lender in Mexico
specializing in payroll loans to restructure following scrutiny of
their accounting and allegations of concealed losses.  There has
been no explanation for the missing money at either institution.

Credito Real opened in 1993 and now serves more than 1 million
mostly low- and middle-income borrowers who lack a credit history
and can't get loans from more conservative retail banks.  Its main
borrowers are mostly unionized government employees such as
teachers.  Payroll loans, a cousin of payday loans, account for
more than a quarter of total consumer lending in the country,
according to the Bank of Mexico.  Typically loans average about
$1,000 to be paid back over three years, with borrowers using them
to open side businesses, cover health emergencies, buy school
supplies or pay off more expensive loans, industry executives say.

                    About Credito Real SAB

Credito Real SAB de CV SOFOM ENR is a Mexico-based company that
provides consumer financing.  Credito Real provides loans, either
by providing direct financing to consumers or by establishing
financing programs with consumer financing dealers that sell to
Credito Real the collection rights from consumer financing
products.  It also provides financing directly to individuals that
are employed by corporations with payroll deduction agreements with
consumer financing dealers authorized by Credito Real.  Credito
Real operates through a number of subsidiaries, including AFS
Acceptance LLC.  Credito Real is Mexico's biggest payroll lender
and second largest non-bank lender after Real Unifin.

Creditor Real has $1.9 billion in global notes out of a total debt
of MXN53.3 billion ($2.72 billion).

Credito Real fell into default earlier this year after it failed to
repay holders of a maturing Swiss franc bond.  It had been looking
to line up financing from existing creditors.

The Mexican payroll lender had been weighing a Chapter 11 filing
after defaulting on the repayment of its Swiss franc bond.

But Bloomberg reported mid June 2022 that Credito Real SAB fired
legal and
financial advisers who had been preparing to guide it through a
Chapter 11 bankruptcy filing in the US.  Credito Real SAB
reportedly has scrapped
its U.S. bankruptcy plans and is instead planning to pursue
insolvency proceedings in Mexico known as concurso mercantil.


CROWN COMMERCIAL: Wins Interim Cash Collateral Access
-----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, authorized Crown Commercial Real Estate and
Development, LLC to use cash collateral on an interim basis in
accordance with the budget.

The Debtor requires the use of cash collateral to continue
operating its business enterprise and successfully reorganize its
operations.

On June 26, 2012, Bank of America, N.A. made a loan to the Debtor
in the original principal amount of $27,450,000, pursuant to a loan
agreement dated June 26, 2012.  The Loan is evidenced by a
promissory note dated June 26, 2012, in the original principal
amount of $27,450,000 made by the Debtor and payable to the order
of the Original Lender.

To secure repayment of the Loan, the Debtor executed and delivered
to the Original Lender a Mortgage, Assignment of Leases and Rents,
and Security Agreement dated as of June 26, 2012, encumbering the
Debtor's real property, a real property improved by a shopping
center commonly known as Chatham Village Square Shopping Center,
located at 87th Street and Cottage Grove Avenue, Chicago, Illinois
60619, recorded with the Cook County Recorder of Deeds on July 20,
2012, as document number 1220213054.

As further security for the Loan, the Debtor granted the Original
Lender a lien on all of its personal assets. On June 29, 2012, the
Original Lender perfected its security interest in the Debtor's
assets by filing a UCC Financing Statement with the Illinois
Secretary of State identifying the Debtor as the debtor and the
Original Lender as the secured party.

On July 2, 2012, the Original Lender negotiated the Note to the
order of the Lender pursuant to an allonge and delivered the Note
with the Allonge to the Lender.

On August 8, 2012, the Original Lender assigned the Mortgage to
Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through
Certificates, Series 2012-05, by executing and delivering to the
Lender an Assignment of Mortgage, Assignment of Leases and Rents,
and Security Agreement, which was recorded with the Cook County
Recorder of Deeds on September 10, 2012, as document number
1225408405.

On August 30, 2012, the Lender perfected its security interest in
the Debtor's assets by filing a UCC Financing Statement Amendment
with the Illinois Secretary of State identifying the Debtor as the
debtor and the Lender as the secured party, as subsequently
continued by filing of those certain UCC Financing Statement
Amendments on September 6, 2012, January 11, 2017, and January 18,
2022.

As of the Petition Date, the Debtor is indebted to Morgan Stanley
in the principal amount of $22,831,832.

The Debtor is directed to use cash collateral only to pay actual,
ordinary, and necessary operating expenses for the purpose of
operating its business as debtor-in-possession. The use of the
Lender's cash collateral to pay any extraordinary expense in excess
of actual, ordinary, and necessary operating expenses will require
the prior written approval of the Lender, or further Court order,
upon three days' notice.

The Debtor will ensure the payment of all personal property taxes,
real property taxes, sales taxes, payroll taxes, insurance,
maintenance expenses, and payroll/wages in connection with
preserving the Property coming due during the Interim Period.

As further adequate protection for the use of cash collateral, the
Debtor will pay the Lender, on or before July 11, one monthly
interest payment in the amount of $83,144. As additional adequate
protection for the use of cash collateral, the Debtor will pay the
Lender $20,000 per week to be applied to reduce the amount of real
estate taxes advanced by the Lender. The Debtor will make the first
$20,000 payment on July 1, 2022, the second payment on July 8,
2022, the third payment on July 25, 2022, and the fourth payment on
July 22, 2022.

The Lender is also granted, retroactively to the Petition Date, and
without the necessity of any additional documentation or filings,
valid, enforceable, non-avoidable, and fully perfected replacement
liens on and in all property of the Debtor acquired or generated
after the Petition Date, to the same extent, validity, and priority
as the Lender's preexisting liens and security interests.

These events constitute an "Event of Default:"

     a. The Debtor's failure to maintain appropriate insurance for
the Collateral;

     b. Except for disclosed payments made following the Petition
Date through the date of the Order, if the Debtor pays obligations
not showing on the Budget without the prior written consent of the
Lender or further order of this Court or exceeds the Budget amounts
by more than 15%;

     c. The Debtor fails to provide, when due, any reports or
accounting information reasonably required by the Agreed Interim
Order;

     d. Any termination by the Court of the Debtor's use of cash
collateral; or

     e. Failure to make the Adequate Protection Payment when due.

A further interim hearing on the matter is scheduled for July 20 at
10:30 a.m.

A copy of the order and the Debtor's budget is available at
https://bit.ly/39vywjG from PacerMonitor.com.

The budget, submitted to the Court on June 15, provides for total
expenses, on a weekly basis, as follows:

     $26,000 for the week ending June 26, 2022;
     $40,335 for the week ending July 3, 2022;
    $117,012 for the week ending July 10, 2022; and
     $27,925 for the week ending July 17, 2022.

      About Crown Commercial Real Estate and Development, LLC

Crown Commercial Real Estate and Development, LLC  operates
shopping center, located at 87th Street and Cottage Grove Avenue,
Chicago, IL 60619. The Property consists of a shopping center owned
and operated for 25 years by the Debtor.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 22-05113) on May 3,
2022. In the petition signed by Musa P. Tadro, manager, the Debtor
disclosed up to $50,000 in assets and up to $50 million in
liabilities.

Konstantine Sparagis, Esq., at Law Offices of Konstantine Sparagis
is the Debtor's counsel.

Judge Janet S. Baer oversees the case.



DEEP ELLUM: Unsecured Creditors to Recover 51% in Subchapter V Plan
-------------------------------------------------------------------
Deep Ellum Hostel, LLC, filed with the U.S. Bankruptcy Court for
the Northern District of Texas a Chapter 11 Subchapter V Plan dated
June 13, 2022.

Deep Ellum Hostel, LLC is a Texas limited liability company
governed by the Company Agreement of Deep Ellum Hostel, LLC dated
April 14, 2016, including all subsequent amendments (the "Company
Agreement").

The Debtor is the only hostel in Dallas and operates a popular
onsite bar and restaurant called Booty's Street Food ("Booty's").
The hostel opened in 2018 and is located at 2801 Elm Street,
Dallas, Texas 75226 (the "Premises") in the heart of the Deep Ellum
neighborhood and conveniently located near I-30 and Central
Expressway.

The Debtor filed this case to preserve and maximize the value of
its assets and provide an appropriate repayment plan for the
benefit of all creditors and stakeholders. In this Plan, the Debtor
proposes to reorganize and pay existing debts from future income
generated by its business operations. The Debtor believes the terms
of this Plan will maximize distributions to the creditors of and
interest holders in the Debtor and will allow the Debtor to emerge
from bankruptcy with the ability to meet future ongoing
obligations.

The Class 5 Claims include all Allowed General Unsecured Claims and
all other Allowed Claims not specifically provided for elsewhere
herein. Class 5 Claims are impaired and will be treated as follows:
once the Reorganized Debtor has fully paid Administrative Expenses,
the Reorganized Debtor will commence depositing Disposable Income
into the Plan Pool Fund and continue monthly deposits for the
Commitment Period for an estimated total of $352,984, which is
projected to be a 51% recovery for Holders of Allowed Class 5
Claims.

Upon the final payment of the Debtor's Disposable Income at the
conclusion of the Commitment Period, the Reorganized Debtor shall
have no further obligation to make additional payments into the
Plan Pool Fund. Holders of Allowed Class 5 Claims are entitled to a
pro-rata portion of all funds deposited into the Plan Pool Fund.
The Reorganized Debtor will begin quarterly distributions from the
Plan Pool Fund beginning 90 days after the receipt from the Debtor
of the initial deposit into the Plan Pool Fund. If any Claims
remain Contested and not Allowed on the date of the initial
distribution, the Reorganized will determine, in its business
judgment, an appropriate amount to hold in reserve pending
Allowance of all Contested Claims and distribute such reserved
amounts once all Contested Claims have been Allowed.

The Debtor estimates there will be approximately $686,000 in
potential Allowed Class 5 Claims after accounting for the Landlord
Settlement. Under the Plan Projections, the Debtor estimates
Allowed Claims in Class 5 will be paid $352,984 during the
Commitment Period. Holders of Class 5 Claims are impaired and
entitled to vote on the Plan.

Class 6 consists of Interest Holders. Holders of Interests in the
Debtor will retain the same proportional Interests in the Debtor as
stated in the List of Equity Security Holders following the
Effective Date. Interest Holders of the Debtor are unimpaired,
deemed to accept the Plan, and not entitled to vote on the Plan.

On the Effective Date, all Assets of the Debtor will be vested in
the Reorganized Debtor. The Assets will be vested in the
Reorganized Debtor free and clear of all Liens, Claims, rights,
Interests, and charges, except as expressly provided in this Plan.


The obligations under the Plan will be funded by the operation of
the Reorganized Debtor's business.

A full-text copy of the Subchapter V Plan dated June 13, 2022, is
available at https://bit.ly/3tHdxBo from PacerMonitor.com at no
charge.  

Counsel for the Debtor:

     Jason M. Rudd, Esq.
     Scott D. Lawrence, Esq.
     Catherine A. Curtis, Esq.
     Wick Phillips Gould & Martin, LLP
     3131 McKinney Avenue, Suite 500
     Dallas, TX 75204
     Phone: (214) 692-6200
     Fax: (214) 692-6255
     Email: jason.rudd@wickphillips.com
            scott.lawrence@wickphillips.com
            catherine.curtis@wickphillips.com

                   About Deep Ellum Hostel

Deep Ellum Hostel, LLC is a Dallas, Texas-based company that
provides dorm rooms, private rooms and onsite bar to customers.

Deep Ellum Hostel filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. N.D. Texas Case No. 22-30448) on
March 13, 2022, listing up to $1 million in assets and up to $1
million in liabilities. Areya Holder Aurzada serves as Subchapter V
trustee.

Judge Stacey G. Jernigan oversees the case.

Wick Phillips Gould & Martin, LLP serves as the Debtor's legal
counsel.


EAGLE BEAR: Tussles With Blackfeet Over Disputed Lease
------------------------------------------------------
Greg Lamm of Law360 reports that the Blackfeet Nation and
campground operator Eagle Bear Inc. debated whether a tribal court
should hear their case over a disputed lease, after Eagle Bear's
bankruptcy petition put a hold on the dispute.

In a brief filed Thursday, June 10, 2022, in Montana federal court,
the Blackfeet Nation said that because the lease on tribal land
with campsite operator Eagle Bear Inc. was terminated by the Bureau
of Indian Affairs in 2008, Eagle Bear cannot now claim the lease is
part of the bankruptcy estate.  The tribe is seeking to bring the
dispute back to tribal court, where it initially tried to initiate
eviction.

                        About Eagle Bear

Eagle Bear Inc. operates RV (Recreational Vehicle) Parks and
recreational camping ground resort.

Eagle Bear filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D. Mont. Case No. 22-40035) on May
23, 2022. In the petition signed by Susan Brooke, president, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Benjamin P. Hursh oversees the case.

Patten, Peterman, Bekkedahl, and Green, PLLC serves as the Debtor's
legal counsel.


EAST/ALEXANDER HOLDINGS: Property Foreclosure Temporarily Thwarted
------------------------------------------------------------------
Will Astor of Rochester Beacon reports that a lender's
three-year-long attempt to force a foreclosure on the Hiram Sibley
building and two adjacent East End properties is at least
temporarily thwarted.  The buildings' owner, East/Alexander
Holdings LLC, is trying to reverse a recent Bankruptcy Court ruling
ordering that foreclosure be allowed to move ahead.

Built in 1925 by Hiram Watson Sibley and named to honor his
deceased father, Western Union founder Hiram Sibley, the gracefully
arched landmark Hiram Sibley building was designed to mimic a
section of Hampton Court Palace in London.

Currently a mixed-use blend of apartments, offices and street-level
retail, the distinctive structure has been most familiar to many
Rochesterians as home to a series of East End watering holes. It
currently houses the Brass Bar and Lounge and Filger’s East End.
Previous occupants include the Bar, Barfly, Monty's Corner and a
long string of other similar night spots.

Formerly owned by beleaguered Rochester real estate developer
Thomas Masaschi, the landmark Hiram Sibley building and the
adjacent properties were transferred by Thomas Masaschi some three
years ago to his brother, Louis, a Longmeadow, Mass.-based real
estate developer.

Deeds filed with the Monroe County Clerk record the transfers by
LLCs run by Thomas Masaschi of the three East End properties in
2019 to East/Alexander Holdings, an LLC managed by Louis Masaschi.
The transfers were done for a consideration of $1 per property, the
deeds state.

The transfers came as Thomas Masaschi's Rochester umbrella company,
DHD Ventures, increasingly fell under legal fire from lenders
including US Income Partners, which in 2019 filed a series of
lawsuits claiming that DHD had defaulted on some $20 million in
loans. Some DHD properties were also falling behind on property tax
payments.

In addition to the Hiram Sibley building, aging downtown Rochester
properties DHD acquired and proposed to redevelop in recent years
include the Alliance and Columbus buildings, the Hotel Cadillac, 88
Elm St., the Terminal Building and the former Gannett Rochester
headquarters building.

DHD properties under threat of foreclosure include the Cadillac
Hotel and a former oil refinery on Flint Street near Corn Hill.
When COVID hit in 2020, the state put a moratorium on foreclosures,
temporarily halting all such property seizures. State court records
show that numerous cases brought by US Income Partners against DHD
are currently being appealed by DHD in Fourth Department Appellate
Division.  

The East/Alexander foreclosure traces to a $13.2 million loan
East/Alexander took out in 2019. The LLC defaulted on the interest
only loan early in its term and despite inking a forbearance
agreement in May 2020 ultimately failed to make good on its debt,
the California-based lender, M360 Community Development Fund LLC,
states in a court complaint.

As of October 2021, East/Alexander owed M360 a total of $15.3
million, the lender stated in the 2021 state court complaint.
Accrued interest since then has brought the debt to $16.9 million,
the lender states in a recent bankruptcyfiling.

In January 2022, State Supreme Court Justice Scott Odorisi put
East/Alexander into receivership, giving the receiver permission to
put the LLC’s properties up for sale.

East/Alexander responded on April 1, 2022 by filing a Chapter 11
bankruptcy seeking court protection to reorganize. The bankruptcy
automatically halts the foreclosure and puts any move by the
receiver to put the properties on the block on ice for the Chapter
11’s duration.

Before the month was out, M360 filed a motion seeking to have the
automatic stay on the foreclosure removed. The 770-page filing
includes loan documents and agreements exhaustively detailing the
history of East/Alexander’s unpaid $16.9 million obligation.

East/Alexander, "failed to make mortgage payments to M360 for
almost a year and a half prior to filing its Bankruptcy Petition
and failed to pay real estate taxes due to the County and the City
of almost half a million dollars necessitating M360 to make that
advance to protect its lien. Further, the Debtor withheld rents and
revenues collected from the Properties as well as critical
documentation from the Court-appointed Receiver, necessitating the
Receiver to seek contempt sanctions against Debtor, after which
this Chapter 11 case was filed on the eve of the contempt sanctions
hearing," states M360 official Richard Marshall in a filing backing
the relief-from-stay request.

East/Alexander LLC countered with a motion seeking to have the
receiver Odorisi appointed replaced by Big Crow Management North
Inc., a company run by Thomas Masaschi.

"The rates being charged by Big Crow North herein are those
customarily charged by (Big Crow North) for similar services to
other clients." Thomas Masaschi assured the court in a May 6, 2022
filing arguing for his management company's appointment. Aside from
Big Crow North managing a property in which his brother has a 40
percent interest, his management company has no connection to any
party in the case and therefore "is a disinterested person within
the meaning of the Bankruptcy Code,"  he added.  

In a ruling handed down May 25, 2022, Bankruptcy Judge Paul Warren
said yes to the lender and no to the Masaschis.

While East/Alexander blamed COVID for its failure to keep up loan
payments, the LLC was already falling behind before the pandemic
struck, Warren noted.

"East/Alexander expresses optimism in its ability to increase the
value of its property and thereby reduce or eliminate M360's
unsecured claim altogether. But no evidence is offered by
East/Alexander to justify its optimism," the judge concluded.

Given his decision to let the foreclosure proceed, East/Alexander's
request to turn management of the properties over to Thomas
Masaschi's company "is moot," Warren ruled.

His decision is not yet final, however.

In late May 2022, East/Alexander filed a notice of its intent to
appeal Warren's ruling in the federal Western District of New
York's Rochester Division. No district court action beyond the
notice of appeal has yet been taken in the case.

                  About East/Alexander Holdings

East/Alexander Holdings LLC, a Single Asset Real Estate (as defined
in 11 U.S.C. Section 101(51B)), sought Chapter 11 bankruptcy
protection (Bankr. W.D.N.Y. Case No. 22-20151) on April 2, 2022. In
the petition filed by Louis R. Masaschi, as managing member,
East/Alexander Holdings LLC listed estimated assets between $1
million and $10 million and estimated liabilities between $10
million and $50 million.

Judge Paul R. Warren oversees the case.

David H. Ealy, Esq., at Cristo Law Group, LLC, is the Debtor's
counsel.


ELKHORN EXPLORATION: Unsecured Creditors to Split $25K over 5 Years
-------------------------------------------------------------------
Elkhorn Exploration Co., filed with the U.S. Bankruptcy Court for
the Eastern District of Texas a Plan of Reorganization dated June
13, 2022.

Elkhorn is an oil & gas exploration company incorporated under the
laws of the State of Nevada.  Elkhorn's business activity has been
focused on drilling new exploratory wells in the Mancos Shale Play
in Sanpete County, Utah.

Between July 2021 and March 2022, thirteen lawsuits were filed in
Utah by vendors against Elkhorn and others, seeking payment of
invoices (totaling approximately $5.9 million) and judgements which
would result in foreclosure of their liens.

In order to stay all litigation and collection efforts and to
potentially create value under the Farmout with a potential source
of revenues for payments to creditors from Well 11-3, Elkhorn
decided to file for reorganization as a small business debtor under
Subchapter V of Chapter 11 of the U.S. Bankruptcy Code on March 22,
2022.

The Plan provides for a reorganization and restructuring of the
Debtor's financial obligations. The Plan provides for a
distribution to Creditors in accordance with the terms of the Plan
from the Debtor over the course of 5 years from the Debtor's
continued business operations.

Class 3 consists of Allowed Unsecured Claims against Debtor. Each
holder of an Allowed Unsecured Claim in Class 3 shall be paid their
pro rata share of $25,000 said sum to be paid by the Reorganized
Debtor ("Class 3 Distributions") in consecutive quarterly
installments commencing the 1st day of the first full calendar
month following 180 calendar days after the Effective Date for a
period of 5 years, plus an additional 180 days, from and after the
Effective Date.

The Debtor anticipates the holders of Allowed Class 1C Claims will
be paid in full prior to prior to 5 years, plus an additional 180
days, from and after the Effective Date. If such an event were to
occur, Additional amounts shall be paid by the Reorganized Debtor
to the holders Allowed Class 3 Claims equal to the Debtor's actual
net revenue received as a result of its 40% working interest in
Well 11-3 until the earlier of: the holders of Allowed Class 3
Claims are paid in full; or (2) more than 5 years, plus an
additional 180 days, from and after the Effective Date have
passed.

Debtor estimates the aggregate of all Allowed Class 3 Claims is
$1,342,554 based upon Debtor's review of the Court's claim
register, Debtor's bankruptcy schedules, and anticipated Claim
objections.

Class 4 consists of the holders of Allowed Interests in the Debtor.
The holder of an Allowed Class 4 Interest shall retain their
interests in the Reorganized Debtor.

A full-text copy of the Plan of Reorganization dated June 13, 2022,
is available at https://bit.ly/3mTVZy2 from PacerMonitor.com at no
charge.

Attorney for the Debtor:

     Robert T. DeMarco, Esq.
     Michael S. Mitchell, Esq.
     DeMarco-Mitchell, PLLC
     1255 W. 15th Street, 805
     Plano, TX 75075
     Tel:  972-578-1400
     Fax: 972-346-6791
     Email robert@demarcomitchell.com
     Email mike@demarcomitchell.com

                   About Elkhorn Exploration Co.

Elkhorn Exploration Co filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No.
22-40356) on March 21, 2022.  Judge Brenda T. Rhoades presides over
the case.

Robert T. DeMarco, Esq., and Michael S. Mitchell, Esq., at
DeMarco-Mitchell, PLLC, are the Debtor's bankruptcy attorneys.


EMERALD HOLLOW: Gets OK to Hire Essex Richards as Legal Counsel
---------------------------------------------------------------
Emerald Hollow Mine, LLC received approval from the U.S. Bankruptcy
Court for the Western District of North Carolina to employ Essex
Richards, P.A. as counsel to handle its Chapter 11 bankruptcy
case.

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

     Attorneys      $275 to $350 per hour
     Paralegals     $135 per hour

In addition, the firm will seek reimbursement for its out-of-pocket
expenses.

The retainer fee is $10,000.

John Woodman, Esq., a partner at Essex Richards, 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:

     John C. Woodman, Esq.
     Essex Richards, P.A.
     1701 South Blvd.
     Charlotte, NC 28203
     Tel: (704) 377-4300
     Fax: 704-372-1357
     Email: jwoodman@essexrichards.com

                     About Emerald Hollow Mine

Emerald Hollow Mine, LLC operates an Emerald Mine that is open to
the public for prospecting. The company is based in Statesville,
N.C.

Emerald Hollow Mine filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 22-50116) on May
16, 2022, listing up to $500,000 in assets and up to $10 million in
liabilities. Cole Hayes serves as Subchapter V trustee.

Judge Laura T. Beyer oversees the case.

John C. Woodman, Esq., at Essex Richards, P.A. and Michael T.
Bowers serve as the Debtor's legal counsel and accountant,
respectively.


EMERALD HOLLOW: Gets OK to Hire Michael Bowers as Accountant
------------------------------------------------------------
Emerald Hollow Mine, LLC received approval from the U.S. Bankruptcy
Court for the Western District of North Carolina to employ Michael
Bowers, an accountant practicing in Charlotte, N.C.

Mr. Bowers will assist the Debtor in bookkeeping, plan formulation,
tax claims, schedule preparation and other accounting matters.

The accountant will be paid at the rate of $285 per hour and will
be reimbursed for his out-of-pocket expenses.

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

Mr. Bowers can be reached at:

     Michael T. Bowers
     5200 Park Road Suite 112
     Charlotte, NC 28209
     Tel: (704) 527-4482

                     About Emerald Hollow Mine

Emerald Hollow Mine, LLC operates an Emerald Mine that is open to
the public for prospecting. The company is based in Statesville,
N.C.

Emerald Hollow Mine filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 22-50116) on May
16, 2022, listing up to $500,000 in assets and up to $10 million in
liabilities. Cole Hayes serves as Subchapter V trustee.

Judge Laura T. Beyer oversees the case.

John C. Woodman, Esq., at Essex Richards, P.A. and Michael T.
Bowers serve as the Debtor's legal counsel and accountant,
respectively.


EXWORKS CAPITAL: Unsecureds to Get Litigation, World Trade Proceeds
-------------------------------------------------------------------
Exworks Capital, LLC, filed with the U.S. Bankruptcy Court for the
District of Delaware a Small Business Plan of Reorganization dated
June 13, 2022.

ExWorks's primary business was to provide investment advisory and
management services to certain pooled investment vehicles (each, a
"Fund" and collectively, the "Funds"), which Funds made significant
investments in loans owed by certain companies to the Funds.

The two most significant assets around which Debtor intends to
reorganize in this case are (a) the continued pursuit of existing
litigation against certain former members of the Debtor's executive
management team and entities associated with them (which may
include bringing additional claims or involving additional
defendants as the circumstances may warrant), and (b) the Debtor's
interest in World Trade.

This Chapter 11 Plan contemplates the transfer of all or
substantially all of the Debtor's assets to a Reorganized ExWorks
Capital Creditor Trust (the "Trust"), which will pursue the
litigation, take the steps it deems appropriate to maximize the
value of its ownership interest in World Trade, and make the
payments contemplated herein that are not made by the Debtor before
the Effective Date. The Plan contemplates exit financing to fund
the operation of the Trust, among other things, in the form of a
loan.

The Plan provides for payment in full (or as otherwise agreed) of
all Allowed Administrative Claims, Allowed Priority Tax Claims,
Allowed Priority Non-Tax Claims and Allowed Employee Severance
Claims, in accordance with the Bankruptcy Code. Holders of Allowed
Indemnity and Advancement Related Claims, Allowed CIBC PPP Claims,
Allowed Other Advancement and Indemnity Claims, Allowed King &
Spalding Claims, Allowed General Unsecured Claims, and Equity
Interests are Impaired and will be paid (or not paid).

The Debtor estimates its Priority Tax Claims total $37,427.37. The
Debtor estimates its Priority Non-Tax Claims, related to unpaid
employee severance, total approximately $95,550. The Debtor
estimates its non-contingent liquidated General Unsecured Claims
total approximately $3,482,153.86. For the avoidance of doubt, this
General Unsecured Claims amount does not include unliquidated or
contingent General Unsecured Claims or liquidated General Unsecured
Claims with an unknown value.

Class 7 consists of General Unsecured Claims/Convenience Class. At
such time as there are sufficient Litigation and World Trade
Proceeds to economically distribute, and to the extent a General
Unsecured Creditor has not previously elected to receive its Pro
Rata Share of the Convenience Class Cash, Holders of Allowed
General Unsecured Claims shall be entitled to receive their Pro
Rata Share of the Litigation and World Trade Proceeds.

To the extent a Holder of an Allowed General Unsecured Claim elects
within 120 days of the Effective Date to receive its Pro Rata Share
of Convenience Class Cash transferred to the Trust following the
payment of all amounts required to be paid under the Plan, such
Holder will receive such payment within 180 days of the Effective
Date, or, if the Debtor receives clear right title and interest to
additional Convenience Class Cash after the Effective Date, within
one hundred eighty days of the receipt of such clear right, title,
and interest to the funds.

Equity Interests will be cancelled under the Plan.

On the Effective Date, all property of the Debtor, tangible and
intangible, including, without limitation, Causes of Action, will
vest in the Trust. Such transfer shall be free and clear of Claims,
Liens, Interests, encumbrances, and contractually imposed
restrictions. The Debtor expects that it, or the Trust, will have
sufficient Cash on hand to make the payments required on the
Effective Date.

On the Effective Date, the Trust shall be established pursuant to
the Trust Agreement for the purpose of, among other things, (i)
investigating and pursuing the Causes of Action, (ii)
administering, monetizing and liquidating the Trust Assets, (iii)
resolving all Disputed Claims and (iv) making all Distributions
from the Trust as provided for in the Plan and the Trust Agreement.


The Debtor is in the final stages of negotiating a committed Term
Sheet for Existing Financing from ExWorks Litigation Finance, LLC,
which receives economic support from certain pre-petition Equity
Interest holders of the Debtor, and anticipates filing it as soon
as it is finalized. The Debtor is also in discussions with a
third-party funding source to provide Alternate Financing. Such
Alternate Financing is not at this time finalized or committed. In
the event that such Alternate Financing source offers committed and
superior financing terms, the Debtor will instead pursue Financing
through such source.

A full-text copy of the Plan of Reorganization dated June 13, 2022,
is available at https://bit.ly/3b11Wqb from PacerMonitor.com at no
charge.

Counsel for the Debtor:

     Jeffrey J. Lyons
     BAKER & HOSTETLER LLP
     1201 N. Market Street, Suite 1402
     Wilmington, DE 19801
     Telephone: 302.468.7088
     Email: jjlyons@bakerlaw.com

           - and -

     Michael A. VanNiel
     Alexis C. Beachdell
     Joseph M. Esmont
     Scott E. Prince
     BAKER HOSTETLER LLP
     Key Tower
     127 Public Square, Suite 2000
     Cleveland, OH 44114
     Telephone: 216.621.0200
     Facsimile: 216.696.0740
     Email: mvanniel@bakerlaw.com
            abeachdell@bakerlaw.com
            jesmont@bakerlaw.com
            sprince@bakerlaw.com

                     About Exworks Capital

ExWorks Capital, LLC, a company engaged in financial investment
activities, filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Del. Case No. 22-10213) on March 14,
2022, listing up to $500,000 million in assets and up to $10
million in liabilities.

Judge Brendan Linehan Shannon oversees the case.

David M. Klauder was appointed as Subchapter V trustee.

The Debtor tapped Baker & Hostetler, LLP as bankruptcy counsel and
King & Spalding, LLP as special counsel.


GATEARM TECHNOLOGIES: Unsecureds to Get $4.5K per Month for 5 Years
-------------------------------------------------------------------
Gatearm Technologies, Inc., submitted a Second Amended Subchapter
V Plan of Reorganization dated June 13, 2022.

The Debtor projects that all payments shall be funded by the
Debtor's cash on hand and operating income. The Debtor has or will
file separately its net projected income for 5 years. The Debtor
projects that it will have five-year aggregate of net projected
income of $146,665.28 before the payment of chapter 11
administrative expenses.

The Debtor's largest unsecured creditors, Access Master, LLC and
Black Sky Technologies, Inc. ("Unsecured Creditor") filed various
Objections to Confirmation and Motions to Dismiss in this case. On
June 3, 2022, the Debtor and the Unsecured Creditor Creditor
attended a Judicial Settlement Conference and entered into a
Stipulation to Compromise Controversy ("Settlement Agreement")
resolving the Objections. This Second Amended Plan confirms the
terms of the Settlement Agreement agreed upon between the parties.

Debtor has employed Craig I, Kelley. Esq., and Kelley, Fulton &
Kaplan, P.L. to represent it in this bankruptcy proceeding.
Debtor's counsel shall file a final fee application. Debtor paid
counsel a $17,500.00 retainer prior to the filing of the bankruptcy
petition. $4,500.00 of the Retainer was utilized to satisfy fees
incurred prepetition and an additional $1,738.00 was utilized to
satisfy prepetition costs, including the filing fee. Therefore,
$11,262.00 remained as the initial retainer at the time of filing.

There currently remains $24,483.86 in trust, which includes the
post-petition retainers approved by this Court. Counsel estimates
that the Debtor will owe an additional $75,000.00 (less funds in
trust) in fees and costs, absent unforeseen circumstances after the
filing of this Plan.

Class 1 consists of the allowed, non-priority, general unsecured
claims against the Debtor of Access Masters, LLC and Black Sky
Technologies, Inc. The claim of McHale & Slavin, P.A. shall be
deemed to be withdrawn. The Debtor shall pay to the Unsecured
Creditors the sum of $4,500.00 per month on the 1st of each month
beginning on the first of the month after confirmation of the Plan
for a period of sixty (60) months totaling $270,000.00. Class 1 is
impaired.

Class 2 consists of all equity owners of the Debtor. There shall be
no distribution to this class of creditors.

A full-text copy of the Second Amended Subchapter V Plan dated June
13, 2022, is available at https://bit.ly/3MYu4aS from
PacerMonitor.com at no charge.  

Attorneys for Debtor:

     Craig I. Kelley, Esq.
     Kelley, Fulton & Kaplan, P.L.
     1665 Palm Beach Lakes Blvd., Suite 1000
     West Palm Beach, FL 33401
     Tel: (561) 491-1200
     Fax: (561) 684-3773
     Email: bankruptcy@kelleylawoffice.com

                    About Gatearm Technologies

Gatearm Technologies, Inc., a privately held corporation organized
under the laws of the State of Florida, filed a petition for
Chapter 11 protection (Bankr. S.D. Fla. Case No. 21-18198) on Aug.
24, 2021, listing up to $50,000 in assets and up to $100,000 in
liabilities.  Russel Lumsden, president, signed the petition.

Judge Mindy A. Mora oversees the case.

The Debtor tapped Craig I. Kelley, Esq., at Kelley, Fulton &
Kaplan, P.L., as legal counsel.


GIRARDI & KEESE: Tom's Ex-Wife Goes to Court Over Spousal Support
-----------------------------------------------------------------
Ryan Naumann of Radar Online reports that the ex-wife of Real
Housewives of Beverly Hills star Erika Jayne's husband Tom Girardi
has been attempting to collect on unpaid spousal support for over a
year.

According to court documents obtained by Radar, Karen Girardi hit
the now-disbarred Los Angeles lawyer with legal papers in August
2020.

Karen accused Tom of being in contempt of court for failing to pay
her court-ordered support for months stemming from their 1989
divorce settlement.

She said Tom wrote her in February 2020 asking for his support to
be reduced from $10k to $5k. He reportedly said he was "tired of
paying and felt it was long enough."

Erika's husband made the request after Karen's attorney demanded he
pays up on back support. He said he had paid support for 30 years
and would soon get "additional funds."

In court documents, Karen said eventually Tom coughed up $40,000
which covered February through May 2020.

She said Tom owed $5,000 for May and another $20,000 for July and
August.

In October 2020, Karen went back to court revealing Tom had
continued to not pay her. She said he failed to pay in September
and October. She demanded $45,000 in back support.

Karen struggled to serve Tom with the legal papers and two months
later he and his law firm were forced into Chapter 7.

The bankruptcy led to the support battle being placed on hold. A
trustee was appointed by the court to take over control of Tom's
finances.

Over the past two years, the trustee has sold off various assets in
an attempt to collect funds to pay off Tom's debt.

Bankruptcy documents revealed his law firm has $500 million in
claims against it.  Many of Tom's former clients believe he
embezzled money they won in legal settlements.

In court documents, Erika's husband was accused of spending the
client's money to fund his lavish lifestyle.

A group of orphans and widows -- who lost their loved ones in a
plane crash -- also claimed to be owed $2 million from Tom.

As RadarOnline.com previously reported, Erika was slapped with a
$25 million lawsuit by the bankruptcy trustee.

The suit demanded she pays back the money spent by Tom's firm on
bills for her company EJ Global. The reality star denied any
knowledge of her estranged husband’s financial misdeeds and moved
to dismiss the lawsuit.

The case has yet to be resolved. Attorney Ronald Richards was the
first to report on the news.

                     About Girardi & Keese

Girardi and Keese or Girardi & Keese was a Los Angeles-based law
firm founded in 1965 by lawyers Thomas Girardi and Robert Keese.
It served clients in California in a variety of legal areas.  It
was known for representing plaintiffs against major corporations.

An involuntary Chapter 7 petition (Bankr. C.D. Cal. Case No.
20-21022) was filed in December 2020 against GIRARDI KEESE by
alleged creditors Jill O'Callahan, Robert M. Keese, John Abassian,
Erika Saldana, Virginia Antonio, and Kimberly Archie.

The petitioners' attorneys:

         Andrew Goodman
         Goodman Law Offices, Apc
         Tel: 818-802-5044
         E-mail: agoodman@andyglaw.com

Elissa D. Miller, a member of the firm SulmeyerKupetz, has been
appointed as Chapter 7 trustee for GIRARDI KEESE. The Chapter 7
trustee can be reached at:

         Elissa D. Miller
         333 South Grand Ave., Suite 3400
         Los Angeles, California 90071-1406
         Telephone: (213) 626-2311
         Facsimile: (213) 629-4520
         E-mail: emiller@sulmeyerlaw.com

An involuntary Chapter 7 petition was also filed against Thomas
Vincent Girardi (Case No. 20-21020) on Dec. 18, 2020. The Chapter 7
trustee can be reached at:

         Jason M. Rund
         Email: trustee@srlawyers.com
         840 Apollo Street, Suite 351
         El Segundo, CA  90245
         Telephone: (310) 640-1200


GULF COAST HEALTH CARE: Reaches New Deal With Creditors
-------------------------------------------------------
Becky Yerak of the Wall Street Journal reports that bankrupt
nursing home chain Gulf Coast Health Care LLC, which had its
liquidation plan rejected by a judge for not meeting its burden to
sign away creditors' claims against third parties, said it has
settled with the objecting tort plaintiffs.

On Friday, June 11, 2022, the business filed paperwork in the U.S.
Bankruptcy Court in Wilmington, Del., showing increased recoveries
for unsecured creditors.  Terms include an agreement with insurer
Zurich American Insurance Co., which will provide $2.1 million in
proceeds to Gulf Coast under a directors and officers policy.

Gulf Coast insiders and affiliates that aren't part of the
bankruptcy will raise their cash contributions to $16.2 million
from roughly $13.2 million. Landlord Omega Healthcare Investors
Inc. will increase its cash payment to a creditor class to roughly
$1.8 million from $1 million.

                 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.


HAIL MARY: Wins Interim Cash Collateral Access Thru June 29
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts has
authorized Hail Mary, LLC to use cash collateral on an emergency
basis until the conclusion of the next hearing.

The Debtor needs access to cash collateral to avoid irreparable
harm to the rental stream and the property owned by the Debtor of
up to $1,000 per week for cleaning; up to $1,000 per week for
payment of documented utilities including trash removal; $500 to
fix the shower door, and $1,200 for engineering and permits related
to the erosion remediation.

The Debtor is directed to file a supplement to the cash collateral
motion that will include an affidavit of the Debtor's principal,
provide a 13-week cashflow projection and proposed budget, and
address the value of the property and specify the amount of rental
income reasonably projected.

To the extent the Debtor is proposing to pay any prepetition debts,
the Debtor must file a separate motion under the doctrine of
necessity or other authority and provide information in the
affidavit that would support findings that the Debtor would
request.

A further telephonic hearing on the matter is scheduled for June
29, 2022 at 1:30 p.m.

A copy of the order is available at https://bit.ly/3xxaahd from
PacerMonitor.com.

                      About Hail Mary LLC

Hail Mary, LLC is Single Asset Real Estate. Hail Mary, LLC sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.
Mass. Case No. 22-10740) on May 26, 2022. In the petition signed by
Patrick S. Keating, as manager, Hail Mary LLC listed estimated
assets between $500,000 to $1 million and estimated liabilities up
to $50,000.

The case is assigned to Honorable Chief Bankruptcy Judge
Christopher J. Panos.

The Law Office of Peter M. Daigle, P.C., serves as the Debtor's
counsel.


HOME EASY: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Home Easy, Ltd.
        1275 Bloomfield Avenue
        Fairfield, NJ 07004

Business Description: Home Easy is a mechant wholesaler of
                      machinery, equipment, and supplies.

Chapter 11 Petition Date: June 15, 2022

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 22-14897

Debtor's Counsel: Ernest Ianetti, Esq.
                  ERNEST G. IANETTI, ESQ.
                  100 Enterprise Drive Suite 301
                  Rockaway, NJ 07866
                  Tel: 973-324-1003
                  E-mail: eianetti@ianetti.legal

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wei Xiao as manager.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

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

https://www.pacermonitor.com/view/ZTIUFYA/Home_Easy_Ltd__njbke-22-14897__0001.0.pdf?mcid=tGE4TAMA


HOVNANIAN ENTERPRISES: Registers 550K Shares Under Incentive Plan
-----------------------------------------------------------------
Hovnanian Enterprises, Inc. filed a Form S-8 registration statement
with the Securities and Exchange Commission to register an
additional 550,000 shares authorized for issuance under the Second
Amended and Restated 2020 Hovnanian Enterprises, Inc. Stock
Incentive Plan.  

On March 29, 2022, at the annual meeting of stockholders of
Hovnanian Enterprises, the Company's stockholders approved the
Amended Plan which amended and restated the Amended and Restated
2020 Hovnanian Enterprises, Inc. Stock Incentive Plan to increase
the number of shares of the Company's Class A common stock, par
value $0.01 per share, and Class B common stock, par value $0.01
per share, that may be issued under the Existing Plan by 550,000
Shares from the 865,000 Shares which were previously authorized for
issuance.  As a result, the total number of Shares authorized for
issuance under the Amended Plan is 1,415,000.

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

https://www.sec.gov/Archives/edgar/data/357294/000143774922014513/hov20220601_s8.htm

                    About Hovnanian Enterprises

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian
and headquartered in Matawan, New Jersey, designs, constructs,
markets, and sells single-family detached homes, attached townhomes
and condominiums, urban infill, and active lifestyle homes in
planned residential developments. The Company is a homebuilder with
operations in Arizona, California, Delaware, Florida, Georgia,
Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina,
Texas, Virginia, Washington, D.C. and West Virginia. The Company's
homes are marketed and sold under the trade names K. Hovnanian
Homes, Brighton Homes.

As of Jan. 31, 2022, the Company had $2.31 billion in total assets,
$2.11 billion in total liabilities, and $196.89 million in total
equity.

                             *   *   *

In August 2021, Moody's Investors Service upgraded Hovnanian
Enterprises, Inc.'s Corporate Family Rating to Caa1 from Caa2.
Moody's said the Corporate Family Rating upgrade to Caa1 reflects
the reduced risk of restructuring activity given the improvement in
Hovnanian's operating and financial performance and the extension
of the company's debt maturity profile given the recent debt
redemptions.

As reported by the TCR on July 28, 2021, S&P Global Ratings
affirmed its ratings on U.S.-based homebuilder Hovnanian
Enterprises Inc., including its 'CCC+' issuer credit rating, and
S&P revised its outlook to positive.  The positive outlook
indicates that S&P could raise the rating to 'B-' if the company
reduces debt and EBITDA to interest coverage is sustained above 2x
over the next 12 months, amid further profit improvements.


HUMANIGEN INC: All Three Proposals Passed at Annual Meeting
-----------------------------------------------------------
Humanigen, Inc. held its 2022 Annual Meeting of Stockholders at
which the stockholders:

   (1) elected Cameron Durrant, M.D, MBA, Ronald Barliant, JD,
Rainer Boehm, M.D., MBA, Cheryl Buxton, MSc., Dale Chappell, M.D.,
MBA, John Hohneker, M.D., and Kevin Xie, Ph.D. as directors, to
hold office until the 2023 Annual Meeting of Stockholders (in each
case until their successors are elected and qualified, or until
their earlier death, resignation or removal); and

   (2) ratified the selection by the Audit Committee of the Board
of HORNE LLP as the Company's independent registered public
accounting firm for the year ending Dec. 31, 2022; and

   (3) approved the compensation paid to the Company's named
executive officers.

                       About Humanigen, Inc.

Based in Brisbane, Calif., Humanigen, Inc. (OTCQB: HGEN), formerly
known as KaloBios Pharmaceuticals, Inc. -- http://www.humanigen.com
-- is a clinical stage biopharmaceutical company developing its
clinical stage immuno-oncology and immunology portfolio of
monoclonal antibodies. The Company is focusing its efforts on the
development of its lead product candidate, lenzilumab, its
proprietary Humaneered anti-human GM-CSF immunotherapy, through a
clinical research agreement with Kite Pharmaceuticals, Inc., a
Gilead company to study the effect of lenzilumab on the safety of
Yescarta, axicabtagene ciloleucel including cytokine release
syndrome, which is sometimes also referred to as cytokine storm,
and neurotoxicity, with a secondary endpoint of increased efficacy
in a multicenter Phase Ib/IIclinical trial in adults with relapsed
or refractory large B-cell lymphoma.

Humanigen reported a net loss of $236.65 million for the 12 months
ended Dec. 31, 2021, a net loss of $89.53 million for the 12 months
ended Dec. 31, 2020, and a net loss of $10.29 million for the 12
months ended Dec. 31, 2019.  As of March 31, 2022, the Company had
$71.33 million in total assets, $96.37 million in total
liabilities, and a total stockholders' deficit of $25.05 million.


IMAGEWARE SYSTEMS: Nantahala Capital, et al. Report 41.1% Stake
---------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities and individuals reported beneficial
ownership of shares of common stock of Imageware Systems, Inc., as
of June 3, 2022:

                                       Shares      Percent
                                     Beneficially    of
   Reporting Person                     Owned       Class
   ----------------                  ------------  -------
   Nantahala Capital Management, LLC  236,460,080   41.1%
   Wilmot B. Harkey                   236,460,080   41.1%
   Daniel Mack                        236,460,080   41.1%
   Nantahala Capital Partners
   II Limited Partnership              42,574,802    7.4%

The aggregate percentages of Common Stock beneficially owned by the
Reporting Persons are based upon 347,962,742 shares of Common Stock
outstanding, which is the total number of shares of Common Stock
outstanding as of May 20, 2022 as reported by the Issuer on Form
10-Q filed May 23, 2022, plus 227,684,390 shares of Common Stock
that would be issued upon the conversion of Series D Preferred
Stock held by the Nantahala Investors, which additional shares of
Common Stock are deemed outstanding for the purposes hereof by Rule
13d-3(d)(1).

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

https://www.sec.gov/Archives/edgar/data/941685/000110465922069408/tm2218038d1_sc13da.htm

                      About ImageWare Systems

Headquartered in San Diego, CA, ImageWare Systems, Inc. --
http://www.iwsinc.com-- provides defense-grade biometric
identification and authentication for access to data, products,
services or facilities.  The Company's products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses and access control credentials.

As of March 31, 2022, the Company had $5.73 million in total
assets, $14.21 million in total liabilities, $10.48 million in
mezzanine equity, and a total shareholders' deficit of $18.96
million.

Irvine, California-based Baker Tilly US, LLP, the Company's auditor
since 2021, issued a "going concern" qualification in its report
dated April 14, 2022, citing that the Company has suffered
recurring losses from operations, has a net capital deficiency, and
has stated that substantial doubt exists about the Company's
ability to continue as a going concern.


JINZHENG GROUP: Taps Danning Gill Israel & Krasnoff as New Counsel
------------------------------------------------------------------
Jinzheng Group (USA), LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Danning Gill
Israel & Krasnoff, LLP to substitute for Shioda, Langley & Chang,
LLP.

The firm's services include:

   a. advising and assisting the Debtor with respect to the Chapter
11 case requirements and to help the Debtor stay in compliance with
the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, the
Court's Local Bankruptcy Rules, and the Guidelines of the United
States Trustee;

   b. advising the Debtor regarding the legal issues relating to
the sale of certain assets and assignment of certain liabilities,
including the negotiation and preparation of any asset purchase
agreement and obtaining the court's approval of any agreement,
subject to overbids;

   c. advising regarding the sale, use or lease of estate property,
and any financing;

   d. assisting the Debtor in the formulation, confirmation and
implementation of a Chapter 11 plan;

   e. advising the Debtor with respect to any pending
non-bankruptcy actions, addressing attendant creditor claims in the
bankruptcy case, and conferring with the Debtor's non-bankruptcy
counsel or any special litigation counsel, as appropriate, and
assisting special litigation counsel who may be employed to handle
any adversary proceeding;

   f. assisting the Debtor in identifying, analyzing, protecting
and obtaining possession of property of the estate, including, if
appropriate, seeking the turnover of property;

   g. assisting the Debtor with the abandonment or other
disposition of property of the estate;

   h. reviewing and pursuing avoidable transfers, if any;

   i. analyzing and reviewing the validity of claims of alleged
creditors and, if appropriate, objecting to those claims;

   j. assisting with the employment and compensation processes for
professionals;

   k. analyzing the validity of all administrative expenses and, if
appropriate, objecting to those expenses;

   l. assisting the Debtor with the settlement and compromise of
claims by or against the estate, or pertaining to matters relating
to this case;

   m. coordinating with the other professionals employed by the
Debtor, if any;

   n. communicating with other parties in interest including the
U.S. Trustee and the unsecured creditors' committee; and

   o. performing other general legal services to expeditiously
administer the estate.

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

     Partners              $595 to $750 per hour
     Associates            $335 to $595 per hour
     Paralegals            $250 to $275 per hour

In addition, the firm will seek reimbursement for its out-of-pocket
expenses.

The retainer fee is $100,000.

Zev Shechtman, Esq., a partner at Danning Gill Israel & Krasnoff,
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:

     Zev Shechtman, Esq.
     Danning Gill Israel & Krasnoff, LLP
     1901 Avenue of the Stars, Suite 450
     Los Angeles, CA 90067-6006
     Telephone: (310) 277-0077
     Facsimile: (310) 277-5735
     Email: zs@DanningGill.com

                    About Jinzheng Group (USA)

Jinzheng Group (USA) LLC, owner of multiple properties in Los
Angeles County, Calif., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 21-16674) on Aug. 24,
2021, listing up to $50 million in both assets and liabilities.
Judge Ernest M. Robles oversees the case.

Danning Gill Israel & Krasnoff, LLP serves as the Debtor's legal
counsel.

The U.S. Trustee for Region 16 appointed an official committee of
unsecured creditors on Jan. 25, 2022.  The committee is represented
by Pachulski Stang Ziehl & Jones, LLP.


KCIBT HOLDINGS: Moody's Assigns 'Caa2' CFR, Outlook Stable
----------------------------------------------------------
Moody's Investors Service assigned stable outlook to KCIBT
Holdings, L.P. ("CIBT") a Caa2 corporate family rating and a
Caa2-PD probability of default rating. Concurrently, Moody's
assigned CIBT Global, Inc.'s Caa1 senior secured first-lien
facility ratings and the Caa3 senior secured second lien term loan
rating. The Caa2 CFR and Caa2-PD PDR assigned to CIBT Global, Inc.
have been withdrawn. The CIBT Global, Inc. outlook was changed to
stable from negative.

The change in outlook to stable from negative is driven by
improving sequential revenue over the past few quarters, which
Moody's expects will continue as international corporate travel
volumes increases incrementally. Although travel volumes are
steadily improving, earnings are still well below pre-pandemic
levels. Moody's expects that volumes for visa and immigration
services will not recover to pre-pandemic levels for a few years.
As a result of recent performance, liquidity is now considered
adequate as free cash flow will be break-even this year. The
payment-in-kind ("PIK") nature of CIBT's debt helps drive better
free cash flow but also results in expanding debt leverage that
will remain extremely high through 2023. The effective affirmation
of the Caa2 CFR is based on the still very highly leveraged debt
capital structure and constrained operating conditions.

Ratings Assigned:

Issuer: KCIBT Holdings, L.P.

Corporate Family Rating, Assigned Caa2

Probability of Default Rating, Assigned Caa2-PD

Issuer: CIBT Global, Inc.

Senior Secured First Lien Revolving Credit Facility, Assigned Caa1
(LGD3)

Senior Secured First Lien Term Loan, Assigned Caa1 (LGD3)

Senior Secured Second Lien Term Loan, Assigned Caa3 (LGD5)

Ratings Withdrawn:

Issuer: CIBT Global, Inc.

Corporate Family Rating, Withdrawn , previously rated Caa2

Probability of Default Rating, Withdrawn , previously rated
Caa2-PD

Outlook Actions:

Issuer: CIBT Global, Inc.

Outlook, Changed To Stable From Negative

Issuer: KCIBT Holdings, L.P.

Outlook, Assigned Stable

RATINGS RATIONALE

CIBT's Caa2 CFR reflects its very high financial leverage, tight
liquidity available to service debt, very small revenue scale and
acquisitive growth strategy in the highly competitive and
fragmented market for travel and immigration services. The rating
is constrained by CIBT's exposure to the cyclicality of the global
business travel market, which has been susceptible to economic
downturns, disease outbreak and geopolitical disruptions. CIBT's
revenue sources are narrow in scope and dependent on corporate
immigration and travel, which limits the company's ability to
absorb weakness in the segments it operates in – travel services
and immigration. CIBT's governance risk is viewed as high,
characterized by its history of high debt leverage and debt
financed acquisitions, though the support of the sponsor that has
contributed additional equity in the past two years somewhat
mitigates further downward pressure.

As a result of the pandemic, revenue declined by more than half of
2019 revenue for 2020 and 2021. Moody's expects revenue for FY 2022
will be approximately 50% of 2019 revenue and will continue to
increase in 2023. Although revenue is expected to grow, Moody's
expects travel and immigration volumes will not return to
pre-coronavirus levels for a few years. A recession could also
defer a complete recovery; however a global recession is currently
not Moody's expectation. Financial leverage is expected to decline
through this year and next year, although given the substantial
level of PIK interest, leverage will still remain very high. Profit
margins should improve as revenue growth will be higher than the
growth in SG&A. CIBT undertook several measures during the pandemic
to reduce costs, some of which will remain in place this year and
next year and should thus support margin growth.

CIBT's ratings are supported by its solid market position and
demonstrated expertise in managing complex document application and
procurement processes for immigration and international travel.
This market position and track record has enabled the company to
maintain longstanding customer relationships, with retention rates
in excess of 95%. CIBT's modest capital needs and highly variable
cost structure provides the ability to adjust operations to changes
in client spending levels. The company is also focused on growing
its immigration segment, which accounted for 54% of LTM March 2022
revenue. Immigration services tend to be more stable than visa
services given the long-term nature of immigration-related
engagements.

The Caa1 rating assigned to CIBT's senior secured first lien bank
debt reflects the Caa2-PD PDR and takes into account the bank
debt's priority claim on the collateral and senior ranking in the
capital structure relative to CIBT's senior secured second lien
debt. The senior secured second lien credit facility is rated Caa3,
reflecting its subordinate lien on the collateral. The rated debts
are guaranteed by CIBT Global, Inc.'s material domestic
subsidiaries and KCIBT Intermediate II, Inc., which is the direct
parent of CIBT Global, Inc. As part of the July 2020 amendment to
the credit facilities CIBT UK Limited and each of its UK
subsidiaries were added as guarantors to the facilities. As the
second lien term loan begins PIK interest payments in 2023, the
increase in the second lien principal balance could drive a
downgrade of the second lien debt to Ca.

CIBT's liquidity is considered as adequate over the next 12 to 15
months. The company's $58.5 million revolver due June 2025 was
mostly drawn as of the end of March 2021 ($49 million drawn). The
company is subject to a minimum liquidity test and Moody's expect
CIBT to comply comfortably with this covenant over the next 12-15
months. Free cash flow will be break-even this year and Moody's
expects minimal free cash flow generation in 2023. Liquidity is
supported by the highly PIK nature of the interest expense on the
first lien and second lien obligations. In addition, the company is
not required to make scheduled amortization payments on the first
lien term loan through 1Q 2023. Capital expenditures are minimal as
the company has scaled back on capex and the business is not
capital intensive.

The stable outlook reflects Moody's expectation that the operating
environment for CIBT will improve incrementally after declining
significantly in 2020 due to the corona virus pandemic. Moody's
expects free cash flow to be break-even in 2022 but minimal in 2023
due to increasing cash interest costs.

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

The ratings could be upgraded if: 1) Visa and immigration volumes
continue to improve, resulting in positive organic growth; 2)
Liquidity improves with free cash flow to debt being sustained
above break-even; and 3) EBITA/interest moves toward 1.0x.

The ratings could be downgraded further if: 1) Recovery in revenue
is stalled or revenue declines, implying a deterioration in
industry conditions and demand for services; 2) there is a
weakening in liquidity, continued negative free cash flow and
increased revolver usage; or 3) the ability to service debt
diminishes leading to a likelihood of another restructuring of the
balance sheet.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.

Headquartered in McLean, Virginia and controlled by affiliates of
private equity sponsor Kohlberg & Company, CIBT is a provider of
third-party travel visa, passport, and immigration logistics
services for corporate clients worldwide. Revenue for the LTM March
2022 period was $103 million.


KINSEY & KINSEY: Case Summary & 15 Unsecured Creditors
------------------------------------------------------
Debtor: Kinsey & Kinsey, Inc.
        26 N. Park Blvd.
        Glen Ellyn, IL 60137-5712

Business Description: Kinsey & Kinsey provides a broad range of
                      expertise in the areas of financials,
                      procurement, human resources, payroll,
                      budgeting, planning, distribution,
                      manufacturing and more.

Chapter 11 Petition Date: June 16, 2022

Court: United States Bankruptcy Court
       Northern District of Illinois

Case No.: 22-06775

Judge: Hon. Carol A. Doyle

Debtor's Counsel: Chester H. Foster, Jr., Esq.
                  FOSTER LEGAL SERVICES, PLLC
                  16311 Byron Drive
                  Orland Park, IL
                  Tel: 708-403-3800
                  Fax: 708-403-4095
                  Email: chf@fosterlegalservices.com
          
Total Assets: $851,664

Total Liabilities: $1,396,477

The petition was signed by Bradley J. Kinsey as vice-president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 15 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/OVNHDLQ/Kinsey__Kinsey_Inc__ilnbke-22-06775__0001.0.pdf?mcid=tGE4TAMA


LAFORTA - GESTAO: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: LaForta - Gestao e Investmentos
        Sociedade Unipessoal Lda (Zona Franca da Madeira)
        Edificio Marina Club, Avenida Arriaga
        No. 73, 1er Andar, Sala 103
        Funchal, Madeira 9004-533

Business Description: The Debtor is part of the oil and gas
                      extraction industry.

Chapter 11 Petition Date:

Court: United States Bankruptcy Court
       Southern District of Texas

Case No.: 22-90126

Judge: Hon. David R. Jones

Debtor's Counsel: Rebecca Blake Chaikin, Esq.
                  JACKSON WALKER LLP
                  1401 McKinney Street, Suite 1900
                  Houston, TX 77010
                  Tel: 713-752-4284
                  Email: rchaikin@jw.com

Debtor's
Outside
Special
Corporate
Counsel:          CLIFFORD CHANCE US LLP

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $1 billion to $10 billion

The petition was signed by David Weinhoffer, chief restructuring
officer.

The Debtor stated it has no creditors holding unsecured claims.

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

https://www.pacermonitor.com/view/Y4WZ52I/LaForta_-_Gestao_e_Investmentos__txsbke-22-90126__0001.0.pdf?mcid=tGE4TAMA


LIVEWELL ASSISTED: Trustee Taps Waldrep Wall Babcock as Counsel
---------------------------------------------------------------
Kevin Sink, the Chapter 11 trustee appointed in Livewell Assisted
Living, Inc.'s bankruptcy case, seeks approval from the U.S.
Bankruptcy Court for the Eastern District of North Carolina to tap
his own firm, Waldrep Wall Babcock & Bailey, PLLC, as his legal
counsel in the case.

The firm's services include:

   a. giving legal advice to the trustee with respect to his duties
and powers;

   b. assisting in identifying the legal problems which may arise
in the administration of the estate;

   c. examining security agreements, deeds of trust and other
instruments, which may constitute liens upon the property of the
estate;

   d. identifying and examining any statutory or judicial liens,
and determining the validity and priority of all such security
agreements, liens and encumbrances;

   e. investigating any additional assets and any rights, which the
trustee may have to property of the estate, examining and
researching all legal problems, which may arise in the
administration of the estate; and

   f. generally advising and representing the trustee in any legal
matters, which may arise in the course of the administration of the
bankruptcy estate.

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

As disclosed in court filings, Waldrep Wall Babcock & Bailey is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

     Kevin L. Sink
     Waldrep Wall Babcock & Bailey, PLLC
     3600 Glenwood, Suite 210
     Raleigh, NC 27612
     Tel: (919) 589-7985
     Email: ksink@waldrepwall.com

                  About Livewell Assisted Living

Livewell Assisted Living, Inc. operates in the continuing care
retirement communities industry and is based in Chapel Hill, N.C.

Livewell Assisted Living filed its voluntary petition for Chapter
11 protection (Bankr. E.D.N.C. Case No. 22-00264) on Feb. 7, 2022,
listing up to $500,000 in assets and up to $10 million in
liabilities. Judge David M. Warren oversees the case.

Travis Sasser, Esq., at Sasser Law Firm represents the Debtor as
legal counsel.

Kevin L. Sink, the Chapter 11 trustee for the Debtor, is
represented by Waldrep Wall Babcock & Bailey, PLLC.


LOUISIANA HIGHWAY: Exclusivity Period Extended to July 28
---------------------------------------------------------
Louisiana Highway St. Gabriel, LLC received court approval to
remain in control of its bankruptcy while it awaits the outcome of
its case against its lenders.

Judge Douglas Dodd of the U.S. Bankruptcy Court for the Middle
District of Louisiana extended Louisiana Highway's exclusivity
period to July 28, allowing the company to pursue a plan for
emerging from Chapter 11 protection without the threat of a
competing plan from creditors.

The plan to be filed by Louisiana Highway will be contingent upon
the outcome of the case involving its lenders, according to its
attorney, Cherie Dessauer Nobles, Esq., at Fishman Haygood, LLP.

In February, Louisiana Highway sued LVS II SPE I, LLC, B2 FIE VII,
LLC, FIE VIII, LLC, and U.S. Bank National Association, as
collateral agent (Adversary Case No. 21-01007), seeking a
determination that the mortgages and security devices encumbering
title to properties owned by the company and which secure
indebtedness owed to the lenders are defective and invalid.

The bankruptcy court has not yet issued a ruling on the motions for
summary judgment filed by both parties, which ruling may result in
complete disposition of all issues involved in the case.

"To file a plan that provides for multiple alternatives which are
dependent on whether the court finds each mortgage valid and
enforceable would not be the best use of [Louisiana Highway's]
resources and limited available funds," Ms. Nobles said in court
papers.

                About Louisiana Highway St. Gabriel

Louisiana Highway St. Gabriel, LLC and five affiliates filed their
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. La. Lead Case No. 20-10824) on December 17, 2020.
At the time of the filing, Louisiana Highway had estimated assets
of less than $50,000 and liabilities of between $500,001 and $1
million.  

Judge Douglas D. Dodd oversees the case.

The Debtors tapped William H. Patrick, III, Esq., at Fishman
Haygood LLP as counsel and Maestri-Murrell, Inc. as real estate
broker.


LTL MANAGEMENT: J&J's Talc Bankruptcy May Last More Than a Year
---------------------------------------------------------------
Steven Church of Bloomberg News reports that Johnson & Johnson
unit, LTL Management, said its baby powder bankruptcy may last more
than a year.

Johnson & Johnson said its bankruptcy case to resolve more than
38,000 lawsuits claiming talc in baby powder causes cancer would
last at least another year under a proposal it floated on Tuesday,
June 14, 2022.

The company made its initial pitch for creating a process to
estimate how many billions of dollars it may owe to people who say
talc made them ill. The two-part strategy was attacked by a
committee representing the cancer victims, who accused J&J of
dragging out the case while some terminally ill claimants die.

A full-text copy of the Bloomberg article is available at
https://news.bloomberglaw.com/bankruptcy-law/j-j-unit-says-baby-powder-bankruptcy-may-last-more-than-a-year

                        About LTL Management

LTL Management, LLC, is a subsidiary of Johnson & Johnson (J&J),
which was formed to manage and defend thousands of talc-related
claims and oversee the operations of Royalty A&M.  Royalty A&M owns
a portfolio of royalty revenue streams, including royalty revenue
streams based on third-party sales of LACTAID, MYLANTA/MYLICON and
ROGAINE products.

LTL Management filed a petition for Chapter 11 protection (Bankr.
W.D.N.C. Case No. 21-30589) on Oct. 14, 2021.  The case was
transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov.
16, 2021.  The Hon. Michael B. Kaplan is the case judge. At the
time of the filing, the Debtor was estimated to have $1 billion to
$10 billion in both assets and liabilities.

The Debtor tapped Jones Day and Rayburn Cooper & Durham, P.A., as
bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon
LLP as special counsel; McCarter & English, LLP as litigation
consultant; Bates White, LLC as financial consultant; and
AlixPartners, LLP as restructuring advisor. Epiq Corporate
Restructuring, LLC, is the claims agent.

An official committee of talc claimants was formed in the Debtor's
Chapter 11 case on Nov. 9, 2021. On Dec. 24, 2021, the U.S. Trustee
for Regions 3 and 9 reconstituted the talc claimants' committee and
appointed two separate committees: (i) the official committee of
talc claimants I, which represents ovarian cancer claimants, and
(ii) the official committee of talc claimants II, which represents
mesothelioma claimants.

The official committee of talc claimants I tapped Genova Burns LLC,
Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its
legal counsel. Meanwhile, the official committee of talc claimants
II is represented by the law firms of Cooley LLP, Bailey Glasser
LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and
Sherman Silverstein Kohl Rose & Podolsky P.A.

                    About Johnson & Johnson

Johnson & Johnson is an American multinational corporation founded
in 1886 that develops medical devices, pharmaceuticals, and
consumer packaged goods.  It is the world's largest and most
broadly based healthcare company.

Johnson & Johnson is headquartered in New Brunswick, New Jersey,
the consumer division being located in Skillman, New Jersey.  The
corporation includes some 250 subsidiary companies with operations
in 60 countries and products sold in over 175 countries.

The corporation had worldwide sales of $82.6 billion in 2020.


MAPLE LEAF: Seeks Continued Cash Collateral Access Thru Aug 31
--------------------------------------------------------------
Maple Leaf, Inc., asks the U.S. Bankruptcy Court for the Western
District of Wisconsin for entry of an order extending its
authorization to use cash collateral and to provide adequate
protection from June 30 to August 31, 2022.

The Debtor, Wisconsin Bank & Trust and Capital Dude, LLC entered
into a stipulation, filed with the Court on April 11, for a final
order for use of cash collateral and granting adequate protection.

As requested in the stipulation, the Court entered an Agreed Final
Order Authorizing Use of Cash Collateral and Granting Adequate
Protection on April 14.

The Final Order authorizes the Debtor to use cash collateral
according to the terms set forth in the Final Order until June 30.

The Debtor anticipates filing its plan of reorganization on or
before the deadline set by the Court, which is June 23, 2022;
however, the confirmation process will likely take several more
weeks. Therefore, the Debtor has sought the consent of the Bank and
Capital Dude to extend the term of the Final Order through August
31 according to the terms set forth in the proposed order.

Capital Dude has given its consent to the terms of the proposed
order to extend the Final Order, but the Debtor and the Bank are
continuing in discussions regarding the extension, and the Bank has
requested some additional information, which the Debtor has
provided.

The Proposed Order provides that the Debtor will adjust its monthly
payment to the Bank to $23,800, beginning with the payment due on
June 26, of which $10,000 will continue to be paid from a portion
of the rent due Grant Properties (Grant Properties will continue to
receive the remaining $6,000). The Proposed Order continues to
provide that Capital Dude will receive monthly payments of $4,000.
Finally, the Proposed Order includes a revised Budget exhibit which
shows the Debtor's proposed uses of cash collateral out to August
31.

The terms of the Proposed Order provide sufficient adequate
protection to the Bank to warrant the Debtor's continued use of
cash collateral.

In addition, since the case began, the principal balance on the
Debtor's note with the Bank has been reduced significantly,
including a payment of $420,000 from the refinance of land owned by
the Debtor's principal owners.

The Bank's proof of claim in the case demonstrates that it is
significantly  overcollateralized. The claim reflects that the
Debtor owns equipment collateral valued at over $2.9 million
(thought the net value is about $2.1 Million, since that equipment
is subject to purchase-money financing of approximately $834,000),
and also that the Bank has a mortgage in the non-debtor real estate
where the Debtor operates, with a maximum lien amount of $1.455
Million. A May 2022 appraisal of that property values the real
estate at $2.3 Million. With over $4 Million of collateral securing
the Bank's outstanding loan balance of just under $2 Million, the
Bank's interests are adequately protected, such that the Debtor
should be authorized to continue its use of cash collateral.

A copy of the motion is available at https://bit.ly/39uC05W from
PacerMonitor.com.

                    About Maple Leaf, Inc.

Maple Leaf, Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Court (Bankr. W.D. Wis. Case No. 3-22-10420) on March
25, 2022. In the petition signed by Joel Grant, president, the
Debtor disclosed up to $10 million in both assets and liabilities.

Craig E. Stevenson, Esq. at DeWitt LLP is the Debtor's counsel.

Wisconsin Bank and Trust, as secured creditor, is represented by
David J. Van Lieshout, Esq. at Van Lieshout Law Office.

Capital Dude, LLC, as interested party, is represented by Shanna M.
Kaminski, Esq. at     Kaminski Law, PLLC.


MEDICAL TECHNOLOGY: Files Chapter 11 Subchapter V Case
------------------------------------------------------
Medical Technology Associates II d/b/a 8BioMed, filed for chapter
11 protection in the District of Delaware.  The Debtor filed as a
small business debtor seeking relief under Subchapter V of Chapter
11 of the Bankruptcy Code.

MTA2 is a biopharmaceutical company focused on the research and
development and future manufacturing and commercialization of
hemoglobin based oxygen carriers ("HBOC") for various indications
and applications related to the use of blood, including trauma and
organ preservations.  MTA2 was established in 2015 as as Delaware
company, finished its Series A and B rounds of funding between 2017
and 2019, fitted-out its R&D and manufacturing facility in Malvern,
Pennsylvania between 2018 and 2019, and relocated its principle
office to California between 2020 and 2022. It is also doing
business as "8BioMed."

As of April 30, 2022, MTA2 had current assets of $1.8 million on a
book value basis, fixed assets net of depreciation of $10.6 million
on a book value basis, and receivables and investments in the
amount of $1.8 million and $1 million, respectively.  As of April
30, 2022, MTA2 had outstanding trade debt of approximately
$371,635.88, accrued interest of $988,000.01 on the Gold Blaze
Limited Note Payable, and other miscellaneous current liabilities
of approximately $127,910.80.  As of April 30, 2022, MTA2 owed $10
million on an unsecured note payable to Gold Blaze Limited pursuant
to an unsecured note dated March 4, 2021 (the "Gold Blaze Limited
Note Payable").  In addition, Gold Blaze Limited overfunded the
Gold Blaze Limited Note Payable in the amount of $500,000.

For the period ending April 2022, MTA2 had net income of
($407,671.89).  As a development stage research company, MTA2 had
no operating income versus operating expenses of $326,107.22 and
other expenses of $84,903.20.

According to court filing, Medical Technology Associates II
estimates between 1 and 49 creditors.  The petition states funds
will be available to unsecured creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
July 14, 2022 at 10:00 AM at J. Caleb Boggs Federal Building, 844
King St., Room 3209, Wilmington, Delaware.  Proofs of claim are due
by Aug. 15, 2022.  Government proofs of claim are due by Dec. 12,
2022.

           Circumstances Leading to Chapter 11 Filing

The Debtor is experiencing a liquidity crisis and requires new
investment in order to fund its operations.  As of June 12, 2022,
the Debtor only had $116,231 cash available.  At its current burn
rate, the Debtor's funding will last less than two weeks.  Without
further capital injection, it will not be able to continue
operations.

Through this proceeding, the Debtor intends to cancel existing
equity and facilitate a new equity infusion to provide the Debtor
with sufficient operating capital to continue its research and
development and bring its technology to market eventually.

To accomplish this goal, the Debtor hopes to stay the current
litigation that has been plaguing the Debtor.  The Debtor has spent
in excess of $3 million in legal fees relating to litigation and is
unable to attract new investment with this level of litigation
expense and uncertainty.

In addition, the Debtor currently leases property in Malvern
Pennsylvania. The leased property is located at 275 Great Valley
Parkway, Malvern Pennsylvania and consists of approximately 12,000
square feet.  The Debtor's current annual rent for the Malvern
facility is $157,644 plus common area maintenance expenses.  The
Debtor has relocated its operations to
Thousand Oaks California and no longer uses the Malvern property
and intends to market the lease to identify a potential assignee
for the Malvern lease which includes a build out of existing $10
million value on the Debtor's books.

                         First Day Motions

The Debtor filed the First Day Motions to ensure that the Debtor's
business continues to function during the Case.  The relief
requested in the First Day Motions is necessary to (i) stabilize
the Debtor's business operations, (ii) operate with minimal
disruption during the pendency of the Case, (iii) maintain the
Debtor's value as a going concern, and (iv) facilitate the
efficient and economical administration of the case.

Pursuant to the DIP Motion, the Debtor requests (a) entry of
interim and final orders authorizing the Debtor to enter into a
senior secured super-priority credit facility in the aggregate
amount not to exceed $1,525,000 substantially on the terms set
forth in the Debtor In Possession Credit And Security Agreement
between the Debtor and Gold Blaze, Ltd., (b) modifying the
automatic stay to the extent applicable and (c) granting related
relief

In addition, the Debtor seeks entry of interim and final orders
authorizing, but not directing, the Debtor to pay the prepetition
claims of certain vendors that are critical to the Debtor's
operations, as more fully described herein and in the Critical
Vendor Motion (the "Critical Vendor Claims") up to $60,000 and
$149,000 on an interim and final basis, respectively.

               About Medical Technology Associates II

Medical Technology Associates II -- https://www.8biomed.com/ --
doing business as 8BioMed, is a biotechnology venture company.

Medical Technology Associates II filed a petition for relief under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case No. 22-10534) on June 14, 2022. In the petition filed by
Hubert Ho, as COO and CFO, the Debtor reports estimated  assets
between $1 million to $10 million and estimated liabilities between
$10 million and $50 million.

The case is assigned to Honorable Bankruptcy Judge Craig T
Goldblatt.

Richard E. Furtek has been appointed as Subchapter V trustee.

Michael G. Busenkell, of Gellert Scali Busenkell & Brown, LLC, is
the Debtor's counsel.


MICROVISION INC: Registers 16.5M Shares Under 2022 Incentive Plan
-----------------------------------------------------------------
Microvision, Inc. filed a Form S-8 registration statement with the
Securities and Exchange Commission for the purpose of registering
16,500,000 additional shares of common stock to be offered pursuant
to the 2022 MicroVision, Inc. Equity Incentive Plan, which amends,
restates and renames the 2020 MicroVision, Inc. Incentive Plan.
17,300,000 shares of common stock were previously registered for
issuance pursuant to the Plan.  A full-text copy of the prospectus
is available for free at:

https://www.sec.gov/Archives/edgar/data/65770/000119312522170281/d316399ds8.htm

                         About MicroVision

Microvision, Inc. -- http://www.microvision.com-- is a pioneering
company in MEMS based laser beam scanning technology that
integrates MEMS, lasers, optics, hardware, algorithms and machine
learning software into its proprietary technology to address
existing and emerging markets.  The Company's integrated approach
uses its proprietary technology to provide solutions for automotive
lidar sensors, augmented reality micro-display engines, interactive
display modules and consumer lidar modules.

MicroVision reported a net loss of $43.20 million for the year
ended Dec. 31, 2021, a net loss of $13.63 million for the year
ended Dec. 31, 2020, a net loss of $26.48 million for the year
ended Dec. 31, 2019, and a net loss of $27.25 million for the year
ended Dec. 31, 2018.  As of March 31, 2022, the Company had $117.77
million in total assets, $14.30 million in total liabilities, and
$103.47 million in total shareholders' equity.


MID SOUTH UTILITY: Taps Kelley Fulton Kaplan & Eller as Counsel
---------------------------------------------------------------
Mid South Utility Services, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Kelley Fulton Kaplan & Eller, P.L. as legal counsel.

The firm's services include:

   a. giving advice to the Debtor with respect to its powers and
duties and the continued management of its business operations;

   b. advising the Debtor with respect to 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 documents;

   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.

Kelley will be paid $450 per hour and a retainer of $7,500. The
firm will also receive reimbursement for its out-of-pocket
expenses.

Craig Kelley, Esq., a partner at Kelley, 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:

     Craig I. Kelley, Esq.
     Dana Kaplan, Esq.
     Kelley Fulton Kaplan & Eller, P.L.
     1665 Palm Beach Lakes Blvd. Suite 1000
     West Palm Beach, FL 33401
     Tel: (561) 491-1200
     Fax: (561) 684-3773
     Email: craig@kelleylawoffice.com

                  About Mid South Utility Services

Mid South Utility Services, LLC -- http://www.midsouthus.com/-- is
a Fort Pierce, Fla.-based provider of services digging underground
utility lines.

On May 25, 2022, Mid South Utility Services filed a petition for
relief under Subchapter V of Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Fla. Case No. 22-14081), listing as much as $500,000
in both assets and liabilities. Aleida Martinez-Molina serves as
Subchapter V trustee.

The case is assigned to Judge Mindy A Mora.

Kelley Fulton Kaplan & Eller, P.L. is the Debtor's legal counsel.


MISSOURI JACK: Taps SL Biggs as Valuation Service Provider
----------------------------------------------------------
Missouri Jack, LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the Eastern District of Missouri to employ SL
Biggs as valuation service provider.

The firm will provide these services:

   a. perform a valuation of Jack in the Box license agreements and
issue a report thereon;

   b. advise the Debtors' counsel with regard to the value of the
Debtors and their assets;

   c. perform any other services, which may be deemed necessary and
appropriate for which the firm is qualified and which are beyond
the scope of the Debtors' ability and administrative duties.

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

     Partners               $605 to $625 per hour
     Managing Directors     $575 to $595 per hour
     Directors              $500 to $550 per hour
     Senior Managers        $350 to $395 per hour
     Managers               $300 to $325 per hour
     Staffs                 $165 to $195 per hour

In addition, the firm will seek reimbursement for its out-of-pocket
expenses.

The retainer fee is $10,000.

Samuel Biggs, a partner at SL Biggs, 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:

     Samuel R. Biggs
     SL Biggs
     10960 Wilshire Blvd. 7th Floor
     Los Angeles, CA 90024
     Tel: (310) 477-3924
     Email: SBiggs@SLBiggs.com

                        About Missouri Jack

Missouri Jack, LLC, and its affiliates Illinois Jack, LLC and
Conquest Foods, LLC, collectively own and operate 70 Jack in the
Box restaurants throughout Missouri and Illinois pursuant to
various franchise related agreements with Jack in the Box Inc., a
Delaware corporation, and its affiliated entities.

The Debtors filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code on Feb. 16, 2021 (Bankr. E.D. Mo. Case No.
21-40540).  The petitions were signed by Navid Sharafatian, manager
of TNH Partners, LLC, the sole manager of Missouri Jack and
Illinois Jack, and the sole managing member of Conquest.

Missouri Jack disclosed $10 million to $50 million in estimated
assets, and $1 million to $10 million in estimated liabilities.

Judge Barry S. Schermer oversees the cases.

The Debtors tapped Leech Tishman Fischaldo & Lampl, Inc., Summers
Compton Wells, LLC and SL Biggs as bankruptcy counsel, local
counsel and valuation service provider, respectively.

On Dec. 13, 2021, the Debtors filed a joint Chapter 11 plan of
reorganization and disclosure statement.


MT. TOM COMPANIES: Reaches Quarry Dispute Settlement With DCR
-------------------------------------------------------------
Dusty Christensen of Daily Hampshire Gazette reports that for over
a year, the state Department of Conservation and Recreation has
been in a dispute with Mt. Tom Companies over its proposal to
create a "clean fill" site — decried by opponents as a "dump" —
in the quarry.

DCR had notified the company in late 2020 that it was exercising
its right to acquire the quarry land for public use under a
provision included in a 2002 purchase agreement it signed to buy
over 144 acres of the company's former Mount Tom Ski Area. But Mt.
Tom Companies filed for bankruptcy several months later in an
attempt to get a federal bankruptcy judge to void that option
because it was never recorded in the Registry of Deeds. The state
had argued that the option is valid and not an issue for bankruptcy
court.

In a court filing submitted late last May 2022, Mt. Tom Companies
filed a motion to dismiss the bankruptcy case, saying that, after
months of negotiations, the state and the company had reached a
settlement agreement. The parties will appear before a judge for a
hearing on that motion to dismiss Friday at 11 a.m.

Little can be gleaned from court documents about the details of the
settlement agreement.

A spokesperson for DCR declined to comment on details of the
settlement because the litigation is still pending before the
court.

"I'm not allowed to comment on it," Matthew Donohue, the co-owner
of Mt. Tom Companies along with fellow Holyoke resident Timothy
Kennedy, said Monday.

Mt. Tom Companies also owes the city of Holyoke $327,263 in back
taxes as well as $93,336 in loans to Site Reclamation LLC —
another company owned by Donohue and Kennedy. The company's court
filing states that the city of Holyoke and Site Reclamation have
also reached a resolution with Mt. Tom Companies and agree with the
dismissal of the case.

Holyoke Mayor Joshua Garcia did not return a message left with his
office Monday morning, nor did the city's law department.

The terms of the settlement do stipulate that the agreement must be
finalized prior to June 30, 2022 which is the end of the state's
fiscal year.

Digging stopped at the quarry in 2012, leaving a large crater with
200-foot-high stone walls on the mountain.

Donohue and Kennedy said they intended to fill the hole over two
decades with soils tested for contaminants before being dumped at
the site. Opponents, however, raised concerns over the possibility
of contaminated soils being used to fill the quarry and the
environmental impacts of trucking dirt up to the property, which
the state said contains vernal pools as well as rare flora and
fauna.

In 2020, DCR missed a deadline to make an offer on a separate
property next to the quarry — owned by the Boys & Girls Club of
Greater Holyoke — that DCR had an option to acquire. DCR blamed
the Holyoke City Council, which failed to act immediately on DCR's
request to waive a procedural notice requirement the agency must
follow any time it buys property in a municipality.

Site Reclamation stepped in and was then able to buy the property,
with an assessed value of nearly $1 million, for $100,000. Donohue
has said that his company purchased the Boys & Girls Club property
to ultimately gift to DCR in exchange for operating the quarry fill
project — an idea he said MassWildlife's Natural Heritage &
Endangered Species Program suggested.

It is unclear whether that adjoining property is part of the
settlement agreement.

                     About Mt. Tom Companies

Mt. Tom Companies is located in West Springfield, MA, United States
and is part of the Converted Paper Product Manufacturing Industry.

Mt. Tom Companies, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Mass. Case No. 21-30091) on March 25, 2021, disclosing
under $1 million in both assets and liabilities. The Debtor is
represented by Goldsmith Katz & Argenio, P.C.


NATIONAL CINEMEDIA: Wasatch Advisors Ceases to be Shareholder
-------------------------------------------------------------
Wasatch Advisors, Inc. disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of June 6, 2022, it has
ceased to beneficially own shares of common stock of National
CineMedia Inc.  A full-text copy of the regulatory filing is
available for free at:

https://www.sec.gov/Archives/edgar/data/1377630/000081413322000104/ncmi622.txt

                     About National CineMedia Inc.

National CineMedia (NCM) is a cinema advertising network in the
U.S. NCM's Noovie pre-show is presented exclusively in 50 leading
national and regional theater circuits including AMC Entertainment
Inc. (NYSE:AMC), Cinemark Holdings, Inc. (NYSE:CNK) and Regal
Entertainment Group (a subsidiary of Cineworld Group PLC, LON:
CINE).  NCM's cinema advertising network offers broad reach and
audience engagement with over 20,600 screens in over 1,600 theaters
in 195 Designated Market Areas (all of the top 50). NCM Digital and
Digital-Out-Of-Home (DOOH) go beyond the big screen, extending
in-theater campaigns into online, mobile, and place-based marketing
programs to reach entertainment audiences. National CineMedia, Inc.
(NASDAQ:NCMI) owns a 47.4% interest in, and is the managing member
of, National CineMedia, LLC.

National Cinemedia reported a net loss attributable to the company
of $48.7 million compared to a net loss attributable to the company
of $65.4 million for the year ended Dec. 31, 2020.  As of March 31,
2022, the Company had $821.6 million in total assets, $1.24 billion
in total liabilities, and a total deficit of $421.4 million.


NEIGHBORHOOD RADIOLOGY: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                              Case No.
    ------                                              --------
    Neighborhood Radiology Management Services, LLC     22-41393
    113-20 Queens Blvd.
    Forest Hills, NY 11375

    Neighborhood Radiology Services, P.C.               22-41394
    113-02 Queens Blvd.
    Forest Hills, NY 11375

Business Description: The Debtors operate medical and diagnostic
                      laboratories.

Chapter 11 Petition Date: June 16, 2022

Court: United States Bankruptcy Court
       Eastern District of New York

Judge: Hon. Elizabeth S. Stong

Debtors' Counsel: Dawn Kirby, Esq.
                  KIRBY AISNER & CURLEY LLP
                  700 Post Road Suite 237
                  Scarsdale, NY 10583
                  Tel: (914) 401-9500
                  Email: dkirby@kacllp.com

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

Neighborhood Radiology Management's
Estimated Liabilities: $1 million to $10 million

Neighborhood Radiology Services'
Estimated Assets: $0 to $50,000

Neighborhood Radiology Services'
Estimated Liabilities: $10 million to $50 million

The petitions were signed by Daniel DiPeitro as manager/director of
operations.

The Debtors failed to include in the petitions lists of their 20
largest unsecured creditors.

Full-text copies of the petitions are available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/GGH2YFY/Neighborhood_Radiology_Management__nyebke-22-41393__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/GVYM5BQ/Neighborhood_Radiology_Services__nyebke-22-41394__0001.0.pdf?mcid=tGE4TAMA


NEONODE INC: Forsakringsaktiebolaget Reports 9.8% Equity Stake
--------------------------------------------------------------
Forsakringsaktiebolaget Avanza Pension disclosed in a Schedule
13G/A filed with the Securities and Exchange Commission that as of
June 9, 2022, it beneficially owns 1,332,991 shares of common stock
of Neonode, Inc., representing 9.82 percent of the shares
outstanding. A full-text copy of the regulatory filing is available
for free at:

https://www.sec.gov/Archives/edgar/data/87050/000110465922069993/tm2218178d1_sc13ga.htm

                          About Neonode

Neonode Inc. (NASDAQ:NEON) -- http://www.neonode.com-- provides
advanced optical sensing solutions for contactless touch, touch,
gesture control, and in-cabin monitoring.

Neonode reported a net loss attributable to the company of $6.45
million for the year ended Dec. 31, 2021, a net loss attributable
to the company of $5.61 million for the year ended Dec. 31, 2020,
and a net loss attributable to the Company of $5.30 million for the
year ended Dec. 31, 2019.


NEW MONARCH: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: New Monarch Machine Tool, Inc.
        839 NYS Route 13 South
        Cortland, NY 13045-8998

Business Description: New Monarch Machine is an industrial
                      machinery manufacturing company.

Chapter 11 Petition Date: June 16, 2022

Court: United States Bankruptcy Court
       Northern District of New York

Case No.: 22-30384

Judge: Hon. Wendy A. Kinsella

Debtor's Counsel: Jeffrey A. Dove, Esq.
                  BARCLAY DAMON LLP
                  Barclay Damon Tower
                  125 East Jefferson Street
                  Syracuse, NY 13202
                  Tel: 315-413-7112
                  E-mail: jdove@barclaydamon.com

Total Assets: $752,837

Total Liabilities: $2,934,951

The petition was signed by Warren D. Wolfson as secretary.

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

https://www.pacermonitor.com/view/KO3I3ZI/New_Monarch_Machine_Tool_Inc__nynbke-22-30384__0001.2.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/KELIQVQ/New_Monarch_Machine_Tool_Inc__nynbke-22-30384__0001.0.pdf?mcid=tGE4TAMA


O'HARE SHELL: Amends West Town Bank Secured Claim Pay Details
-------------------------------------------------------------
O'Hare Shell Partners, LLC, submitted an Amended Small Business
Chapter 11 Plan dated June 13, 2022.

The Debtor's Plan provides for payments to be made to allowed
claims from the liquidation of Debtor's assets.

The Tax Claim of the Cook County Treasurer for the first
installment of 2021 will receive, on account of its priority claim,
payment in full of the priority claims $160,449.67 shall be paid
first by the payment of $50,286.11 by the settlement with Martin G.
Brand, Ltd and Martin Brand. The balance shall be paid on or before
the the hearing date of the plan by funds obtained by the principal
of the Debtor.

Class 1 consists of the Secured Claim of West Town Bank & Trust.

     * West Town Bank & Trust its principals, agents, successors
and/or assigns ("West Town") are impaired by this Plan. In its
Proof of Claim (1-1), West Town asserts that it holds the perfected
first mortgage of the real estate commonly known as 4111 N. Manheim
Road, Schiller Park, Illinois (PIN 12-16-307-035-000) in the amount
of $5,003,158.28. Debtor at the present time is attempting to
refinance and pay off West Town but has unable at the present time
to obtain financing. Debtor shall pay West Town Bank & Trust in
full or as agreed within three years of the effective date of this
Chapter 11 Plan.

     * Beginning with filing of this Bankruptcy Case, Debtor shall
continue to remit monthly mortgage payments for principal, interest
and escrow to West Town: 1) Beginning with the filing of the
Bankruptcy Case the monthly mortgage payment shall be $10,000.00
per month; 2) Beginning in July, 2022 the monthly mortgage payment
shall be $12,000.00 per month; 3) Beginning in September, 2022, the
monthly mortgage payment shall be $14,000.00 per month; 4)
Beginning in November, 2022 the monthly mortgage payment shall be
$16,000.00 per month; 5) Beginning in January, 2023 the monthly
mortgage payment shall be $18,000.00 per month; 6) Beginning in
March, 2023 the monthly mortgage payment shall be $20,000.00 per
month; 7) Beginning in May, 2023 the monthly mortgage payment shall
be $23,000.00 per month; 8) Beginning in July, 2023 the monthly
mortgage payment shall be $26,000.00 per month; and Beginning in
September, 2023 the monthly mortgage payment shall be the full
payment of $31,455.32 per month;

     * All terms of the Loan Documents that are not specifically
modified shall remain in full force and effect. West Town shall
retain its lien until the balance owed pursuant to the Loan
Documents have been paid in full.

     * West Town has paid the balance due for real estate taxes for
2018, 2019 and 2020 in the total amount of $744,354.12. Beginning
with Confirmation of the Plan, the Debtor shall pay to West Town
monthly $5,000.00 per month until the Debtor pays West Town in full
or as Agreed.

Debtor has 3 general unsecured creditors alleging a total balance
of $136,835.46. If the Objection to the Republic Bank is sustained
by Plan Confirmation (only Hamni Bank and Republic Bank paid) each
Holder of Allowed Class 3 Claims shall be paid pro rata (estimated
100% of claims) beginning on the first on the month after the
effective date of $1,150.00 per month.

All creditors will receive payment in full through this Chapter 11
Plan or liquidation based on the fair market value of the Debtor's
real estate. All of the assets of the Debtor and this estate shall
vest in the Debtor upon Confirmation of the Plan subject to the
liquidation, terms and conditions of this Plan.

This Plan is self-executing. The Debtor shall not be required to
execute any newly created documents to evidence the claims, liens
or terms of repayment to the holder of any Allowed Claim, except
for the Restructured Promissory Note and all other loan documents.

A full-text copy of the Amended Small Business Plan dated June 13,
2022, is available at https://bit.ly/3tDgpPq from PacerMonitor.com
at no charge.

Debtor's Counsel:

     Paul M. Bach, Esq.
     Bach Law Offices, Inc.
     P.O. Box 1285
     Northbrook, IL 60065
     Telephone: (847) 564-0808
     Facsimile: (847) 564-0985
     Email: pnbach@bachoffices.com
    
                    About O'Hare Shell
Partners

Schiller Park, Ill.-based O'Hare Shell Partners, LLC, filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 21-12756) on Nov. 8, 2021, listing
as much as $10 million in both assets and liabilities. Dorothy M.
Flisk, president, signed the petition.

Judge Donald R. Cassling oversees the case.

Paul M. Bach, Esq., and Penelope N. Bach, Esq., at Bach Law
Offices, Inc., is the Debtor's legal counsel.  


PARKER MEDICAL: Seeks Cash Collateral Access
--------------------------------------------
Mark A. Smith, the Chapter 11 trustee of Parker Medical Holding Co.
Inc. and affiliates, ask the U.S. Bankruptcy Court for the Northern
District of Georgia, Atlanta Division, for authority to use cash
collateral in accordance with the proposed budget and provide
adequate protection.

The Trustee's use of cash collateral is essential to maintain the
value of the Debtors' property and for an effective monetization of
the Debtors' assets.

Prior to the Petition Date until approximately May 2021, the
Debtors were engaged in the marketing and sale of various medical
devices. After approximately May 2021 and prior to the Petition
Date, the Debtors ceased marketing and sales of devices and are not
currently engaged in that business. As such, the Debtors' primary
assets are the approximately $95,000,0000 in pre-petition accounts
receivable, approximately 15 contracts with insurance payors, an
invention which is subject to a patent pending application, and
counterclaims by the Debtors Parker Medical Holding Company, Inc.
and Midwest Medical Associates, Inc. pending in a prepetition jury
case removed to the United States District Court for the Northern
District of Georgia and partially referred to the Court. The
Debtors' direct and indirect owner, Mr. Parker, estimates the low
range of collections by the Debtors with regard to the A/R will be
approximately $2,500,000 to $4,000,000 over the course of the next
one to two years.

For years prior to the Petition Date, the Debtors had retained and
worked with an experienced unaffiliated company, Acc-Q-Data, LLC,
which specialized in electronically processing claims for health
related products and services and processing numerous appeals from
claim denials, and Acc-Q-Data worked to collect A/R. On May 17,
2022, the Trustee entered into an agreement with Acc-Q-Data to
continue its work to collect the A/R.

As of Petition Date, First-Citizens Bank and Trust Co. claimed the
Debtors were indebted to FCB in the approximate amount of
$4,038,883, under various loan agreements, promissory notes,
guaranties and security agreements attached to FCB's proofs of
claims filed on April 7, 2022 [Case No. 22-50369, POC 7; Case No.
22-50372, POC 7]. The Trustee understands that the Debtors
contended that FCB's claimed indebtedness was subject to certain
pending defenses and counterclaims.

The Trustee is willing to provide adequate protection for the use
of cash collateral by granting adequate protection liens, and by
using the cash collateral only for those items set forth in a
budget to be approved by the Court, on the terms of the proposed
order.

A copy of the motion and the Debtor's budget for the period from
June to December 2022 is available at https://bit.ly/3MRiiPj from
PacerMonitor.com.

The Debtor projects $261,000 in total cash receipts and $108,500 in
total operating expenses for the period.

A hearing on the matter is scheduled for June 30, 2022 at 11 a.m.

               About Parker Medical Holding Company

Parker Medical Holding Company, Inc. and affiliates, Midwest
Medical Associates, Inc. and Peachtree Medical Products, LLC, filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ga. Lead Case No. 22-50369) on Jan. 14, 2022.

At the time of filing, Parker and Midwest listed up to $50 million
in assets and up to $10 million in liabilities. Meanwhile,
Peachtree listed up to $1 million in assets and up to $500,000 in
liabilities.

Jimmy L. Paul, Esq., and Drew V. Greene, Esq., at Chamberlain
Hrdlicka White Williams & Aughtry, are the Debtors' attorneys.

Mark A. Smith is the Chapter 11 trustee appointed in the Debtors'
cases. The trustee is represented by Scroggins & Williamson, P.C.


PEGASUS SERVICES: Wins Cash Collateral Access Thru July 21
----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Jacksonville Division, authorized Pegasus Services Group, LLC to
use cash collateral on an interim basis in accordance with the
budget.

The Debtor is permitted to use cash collateral to pay: (a) amounts
expressly authorized by the Court, including payments to the US
Trustee for quarterly fees; (b) the current and Necessary expenses
set forth in the budget, plus an amount not to exceed 10% for each
line item; and (c) additional amounts as may be expressly approved
in writing by Arsenal Funding, LLC, Everest Business Funding,
Parafin, Inc., and Toast Funding, LLC.

As adequate protection, each creditor with a security interest in
cash collateral will have a perfected post-petition lien against
cash collateral to the same extent and with the same validity and
priority as their respective prepetition lien(s), without the need
to file or execute any document as may otherwise be required under
applicable non-bankruptcy law.

The Debtor will maintain insurance coverage for its property in
accordance with the obligations under the loan and security
documents with the Secured Creditors.

The authorization will continue until a further hearing on the
matter scheduled for July 21, 2022 at 9:30 a.m.

A copy of the order is available at https://bit.ly/3xwtQlx from
PacerMonitor.com.

                   About Pegasus Services Group

Pegasus Services Group LLC -- http://www.pegasussupport.com/--
belongs to the Defense and Space Manufacturing.  It provides
Facilities Operations & Maintenance (O&M) and Logistics Support
Services to a wide range of Government customers.  It is based in
Woodstock, GA and provides services nationwide.

Pegasus Services Group sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 22-01043) on May
23, 2022.  In the petition filed by CRO Neil Metzger, Pegasus
Services Group estimated assets up to $50,000 and estimated
liabilities between $100,000 and $500,000.  

Judge Jason A. Burgess oversees the case.

Thomas C Adam, Esq., at Adam Law Group, P.A., is the Debtor's
counsel.


PROFESSIONAL TECHNICAL: Committee Taps Dundon as Financial Advisor
------------------------------------------------------------------
The official committee of unsecured creditors of Professional
Technical Security Services, Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of California to employ
Dundon Advisers, LLC as financial advisor.

The firm's services include:

   a. assisting in the analysis, review and monitoring of the
restructuring process, including, but not limited to an assessment
of the unsecured claims pool and potential recoveries for unsecured
creditors;

   b. developing a complete understanding of the Debtor's
businesses and their valuations;

   c. determining whether there are viable alternative paths for
the disposition of the Debtor' assets proposed now or later by the
Debtor;

   d. monitoring, and to the extent appropriate, assisting the
Debtor in developing and soliciting transactions, which would
support unsecured creditor recovery;

   e. assisting the committee in identifying, valuing and pursuing
estate causes of action;

   f. assisting the committee to address claims against the Debtor,
and to identify, preserve, value and monetize tax assets of the
Debtor;

   g. advising the committee in negotiations with the Debtor and
third parties;

   h. assisting the committee in reviewing the Debtor's financial
reports, including, but not limited to, statements of financial
affairs, schedules of assets and liabilities, cash budgets, and
monthly operating reports;

   i. reviewing and providing analysis of any proposed disclosure
statement and Chapter 11 plan, and if appropriate, assisting the
committee in developing an alternative Chapter 11 plan;

   j. attending meetings and assisting in discussions with the
committee, the Debtor, the secured lender, the U.S. trustee, and
other parties in interest and professionals;

   k. presenting at meetings of the committee as well as meetings
with other key stakeholders and parties;

   l. performing such other advisory services for the committee as
may be necessary or proper in these proceedings, subject to the
aforementioned scope; and

   m. providing testimony on behalf of the committee as and when
may be deemed appropriate.

The firm will be paid at hourly rates ranging from $350 to $625 and
will be reimbursed for its out-of-pocket expenses.

Peter Hurwitz, a partner at Dundon Advisers, 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:

     Peter Hurwitz
     Dundon Advisers LLC
     Ten Bank Street, Suite 1100
     White Plains NY 10606
     Tel: (914) 341-1188
     Fax: (212) 202-4437
     Email: PH@dundon.com

                   About Professional Technical

Professional Technical Security Services, Inc. is a company in San
Francisco, Calif., that provides professional security staffing. It
conducts business under the name Protech Bay Area.

Professional Technical sought Chapter 11 bankruptcy protection
(Bankr. N.D. Calif. Case No. 22-30062) on Feb. 1, 2022, disclosing
assets of more than $14 million and liabilities of more than $26
million.

Judge Hannah L. Blumenstiel oversees the case.

Stephen D. Finestone, Esq., at Finestone Hayes, LLP and Constangy,
Brooks, Smith & Prophete, LLP serve as the Debtor's bankruptcy
counsel and special counsel, respectively. Bachecki, Crom & Co.,
LLP is the Debtor's accountant, while GlassRatner Advisory &
Capital Group, LLC serves as the Debtor's financial advisor.

The U.S. Trustee for Region 17 appointed an official committee of
unsecured creditors on May 9, 2022. Daren Brinkman, Esq., at
Brinkman Portillo Ronk, PC and Dundon Advisers, LLC serve as the
committee's legal counsel and financial advisor, respectively.


Q BIOMED: Ari Jatwes Has 5.9% Equity Stake as of May 26
-------------------------------------------------------
Ari Jatwes disclosed in a Schedule 13G/A filed with the Securities
and Exchange Commission that as of May 26, 2022, he beneficially
owns 2,200,000 shares of common stock of Q BioMed Inc.,
representing 5.93 percent of the Company's outstanding Common Stock
of 37,112,776 shares (which number is based on the Company's
outstanding shares of 35,677,776 as of May 31, 2022, plus the
1,435,000 shares of Common Stock that the reporting person has the
right to acquire within 60 days).  A full-text copy of the
regulatory filing is available for free at:

https://www.sec.gov/Archives/edgar/data/1596062/000110465922067068/tm2217490-1_sc13ga.htm

                          About Q BioMed Inc.

Q BioMed Inc. -- http://www.QBioMed.com-- is a biotech
acceleration and commercial stage company. The Company is focused
on licensing and acquiring undervalued biomedical assets in the
healthcare sector.  Q BioMed is dedicated to providing these target
assets the strategic resources, developmental support, and
expansion capital needed to ensure they meet their developmental
potential, enabling them to provide products to patients in need.

Q Biomed reported a net loss of $8.24 million for the year ended
Nov. 30, 2021, compared a net loss of $13.49 million for the year
ended Nov. 30, 2020.  As of Feb. 28, 2022, the Company had $538,426
in total assets, $6.37 million in total liabilities, and a total
stockholders' deficit of $5.83 million.

New York, NY-based Marcum LLP, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated Feb. 28,
2022, citing that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


QUANTUM CORP: B. Riley Financial Reports 5.8% Equity Stake
----------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities and individuals reported beneficial
ownership of shares of common stock of Quantum Corporation as of
June 8, 2022:

                                     Shares       Percent
                                  Beneficially      of
  Reporting Person                    Owned        Class
  ----------------                ------------    --------
  B. Riley Financial, Inc.         5,921,459        5.8%
  B. Riley Securities, Inc.        2,167,881        2.1%
  BRF Investments, LLC             3,753,578        3.7%
  Bryant R. Riley                  6,846,974        6.7%

The percent of class was calculated based on 101,813,778 shares of
Common Stock outstanding as of June 1, 2022 as reported by the
Issuer on the 10-K.

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

https://www.sec.gov/Archives/edgar/data/709283/000121390022032280/ea161444-13da6briley_quantum.htm

                        About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com-- provides technology and services that
stores and manages video and video-like data delivering streaming
for video and rich media applications, along with low cost, high
density massive-scale data protection and archive systems. The
Company helps customers capture, create and share digital data and
preserve and protect it for decades.

Quantum reported a net loss of $32.82 million for the year ended
March 31, 2022, a net loss of $35.46 million for the year ended
March 31, 2021, and a net loss of $5.21 million for the year ended
March 31, 2020.  As of March 31, 2022, the Company had $201.63
million in total assets, $328.32 million in total liabilities, and
a total stockholders' deficit of $126.68 million.


QUICKER LIQUOR: Seeks to Hire Kung & Brown as New Counsel
---------------------------------------------------------
Quicker Liquor, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Nevada to employ Kung & Brown to substitute for
Larson & Zirzow, LLC.

Kung & Brown will provide legal services to the Debtor in its
Chapter 11 bankruptcy case.

The firm charges $500 to $600 per hour for the services of its
attorneys and $150 per hour for paralegal services. In addition,
the firm will seek reimbursement for its out-of-pocket expenses.

The retainer fee is $10,000.

A.J. Kung, Esq., a partner at Kung & Brown, 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:

     A.J. Kung, Esq.
     Brandy L. Brown, Esq.
     Kung & Brown
     1020 Garces Avenue
     Las Vegas, NV 89101
     Tel: (702) 382-0883
     Fax: (702) 382-2720
     Email:ajkung@ajkunglaw.com
           bbrown@ajkunglaw.com

                       About Quicker Liquor

Quicker Liquor, LLC and its affiliate, Nevada Wine Cellars, Inc.,
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Lead Case No. 22-10331) on Jan. 31,
2022. In their petitions, the Debtors listed as much as $10 million
in both assets and liabilities. Kathy Trout, managing member,
signed the petitions.

Judge Mike K. Nakagawa oversees the cases.

Quicker Liquor and Nevada Wine Cellars are represented by Kung &
Brown and Carlyon Cica Chtd., respectively. The Law Offices of
Timothy Elson serves as the Debtors' special counsel.


REVLON INC: Case Summary & 50 Largest Unsecured Creditors
---------------------------------------------------------
Lead Debtor: Revlon, Inc.
             One New York Plaza
             New York, NY 10004

Business Description: Revlon operates in the beauty industry with
                      a diverse portfolio of brands, including
                      Revlon and Elizabeth Arden, spanning
                      multiple beauty segments.

Court:                United States Bankruptcy Court
                      Southern District of New York

Fifty-one affiliates that have filed voluntary petitions for relief
under Chapter 11 of the Bankruptcy Code:

  Debtor                                  Case No.   Petition Date
  ------                                  --------   -------------

  Revlon, Inc.                            22-10760   June 15, 2022
  Almay, Inc.                             22-10770   June 15, 2022
  Art & Science, Ltd.                     22-10774   June 16, 2022
  Bari Cosmetics, Ltd.                    22-10786   June 16, 2022
  Beautyge Brands USA, Inc.               22-10795   June 16, 2022
  Beautyge II, LLC                        22-10803   June 16, 2022
  Beautyge USA, Inc.                      22-10800   June 16, 2022
  BrandCo Almay 2020 LLC                  22-10762   June 15, 2022
  BrandCo Charlie 2020 LLC                22-10764   June 15, 2022
  BrandCo CND 2020 LLC                    22-10767   June 15, 2022
  BrandCo Curve 2020 LLC                  22-10771   June 15, 2022
  BrandCo Elizabeth Arden 2020 LLC        22-10773   June 16, 2022
  BrandCo Giorgio Beverly Hills 2020 LLC  22-10777   June 16, 2022
  BrandCo Halston 2020 LLC                22-10780   June 16, 2022
  BrandCo Jean Nate 2020 LLC              22-10783   June 16, 2022
  BrandCo Mitchum 2020 LLC                22-10789   June 16, 2022
  BrandCo Multicultural Group 2020 LLC    22-10792   June 16, 2022
  BrandCo PS 2020 LLC                     22-10797   June 16, 2022
  BrandCo White Shoulders 2020 LLC        22-10798   June 16, 2022

  Charles Revson Inc.                     22-10802   June 16, 2022
  Creative Nail Design, Inc.              22-10804   June 16, 2022
  Cutex, Inc.                             22-10805   June 16, 2022
  DF Enterprises, Inc.                    22-10806   June 16, 2022
  Elizabeth Arden (Financing), Inc.       22-10807   June 16, 2022
  Elizabeth Arden (UK) Ltd.               22-10793   June 16, 2022
  Elizabeth Arden Investments, LLC        22-10808   June 16, 2022
  Elizabeth Arden NM, LLC                 22-10809   June 16, 2022
  Elizabeth Arden Travel Retail, Inc.     22-10810   June 16, 2022
  Elizabeth Arden USC, LLC                22-10761   June 15, 2022
  Elizabeth Arden, Inc.                   22-10763   June 15, 2022
  FD Management, Inc.                     22-10765   June 15, 2022
  North America Revsale Inc.              22-10768   June 15, 2022
  OPP Products, Inc.                      22-10769   June 15, 2022
  RDEN Management, Inc.                   22-10772   June 16, 2022
  Realistic Roux Professional Products    22-10775   June 16, 2022
  Revlon Canada Inc.                      22-10799   June 16, 2022
  Revlon Consumer Products Corporation    22-10766   June 15, 2022
  Revlon Development Corp.                22-10778   June 16, 2022
  Revlon Government Sales, Inc.           22-10781   June 16, 2022
  Revlon International Corporation        22-10785   June 16, 2022
  Revlon Professional Holding Company LLC 22-10788   June 16, 2022
  Riros Corporation                       22-10791   June 16, 2022
  Riros Group Inc.                        22-10794   June 16, 2022
  Roux Laboratories, Inc.                 22-10776   June 16, 2022
  Roux Properties Jacksonville, LLC       22-10779   June 16, 2022
  SinfulColors Inc.                       22-10782   June 16, 2022
  Elizabeth Arden (Canada) Limited        22-10796   June 16, 2022
  Beautyge I                              22-10801   June 16, 2022
  PPI Two Corporation                     22-10787   June 16, 2022
  Revlon (Puerto Rico) Inc.               22-10790   June 16, 2022
  RML, LLC                                22-10784   June 16, 2022


Judge:                Hon. David S. Jones

Debtors' Counsel:     Paul M. Basta, Esq.
                      Alice Belisle Eaton, Esq.
                      Kyle J. Kimpler, Esq.
                      Robert A. Britton, Esq.
                      Brian Bolin, Esq.
                      PAUL, WEISS, RIFKIND, WHARTON &
                      GARRISON LLP
                      1285 Avenue of the Americas
                      New York, NY 10019
                      Tel: (212) 373-3000
                      Fax: (212) 757-3990
                      Email: pbasta@paulweiss.com
                             aeaton@paulweiss.com
                             kkimpler@paulweiss.com
                             rbritton@paulweiss.com
                             bbolin@paulweiss.com

Debtors'
Conflicts
Counsel:              MOLOLAMKEN, LLC

Debtors'
Financial
Advisor:              PJT PARTNERS LP

Debtors'
Consulting
Services
Provider:             ALVAREZ & MARSAL NORTH AMERICA, LLC

Debtors'
Claims
Agent:                KROLL, LLC

Total Assets as of April 30, 2022: $2,328,093,000

Total Debts as of April 30, 2022: $3,689,240,395

The petitions were signed by Victoria Dolan as chief financial
officer.

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

https://www.pacermonitor.com/view/QG6E6CA/Revlon_Inc__nysbke-22-10760__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. US Bank, National Association     6.25% Senior     $442,531,771
Global Corporate Trust Services     Notes due 2024
60 Livingston Avenue
EP-MN-WS3C
St. Paul, MN 55107-2292
United States
Rick Prokosch
Tel: 651-466-3000
Fax: 651-466-7430
Email: rick.prokosch@usbank.com

2. Hawkins Parnell & Young LLP      Trade Payable       $4,379,093
303 Peachtree St. NE
Ste 4000
Atlanta, GA 30308-3243
United States
Eric Hawkins, Partner
Tel: 312-667-8400
Fax: 877-566-1529
Email: ehawkins@hpylaw.com

3. Verescence North America Inc.    Trade Payable       $4,022,309
Verescene NA
900 Third Ave
4th Floor
New York, NY 10022
United States
Ashok Sudan
President
Tel: 770-385-3800
Email: ashock.sudan@verescence.com

4. Orange Die Cutting Corp          Trade Payable       $3,641,358
PO 2295 1 Favorite Ave
Newburgh, NY 12550
United States
Anthony Esposito
Chief Executive Officer
Tel: 845-562-0900
Fax: 845-562-1020
Email: aesposito@orangepkg.com

5. NCH Marketing Services, Inc.     Trade Payable       $2,962,089
155 N. Pfingsten Road, Suite 200
Deerfield, IL 60015
United States
Scott Hansen
Chief Executive Officer
Tel: 915-772-3399
Fax: 847-317-0083
Email: shansen@nchmarketing.com

6. International Flavors &          Trade Payable       $2,877,814
Fragrances
600 State Highway 36
Hazlet, NJ 07730
United States
Andreas Fibig
Chief Executive Officer
Tel: 732-264-4500
Fax: 212-708-7132
Email: andreas.fibig@iff.com

7. Tinuiti, Inc.                    Trade Payable       $2,419,449
121 S. 13Th Street
3rd Floor
Philadelphia, PA 19107
United States
Zach Morrison
Chief Executive Officer
Tel: 833-846-8484
Email: zach.morrison@tinuiti.com

8. Englewood Lab, Inc               Trade Payable       $2,337,795
20 Campus Road
Totowa, NJ 07512
United States
Henry Cho
Chief Executive Officer
Tel: 201-567-2267
Email: henry.c@englewoodlab.com

9. Givaudan Fragrances Corp         Trade Payable       $2,117,711
300 Waterloo Valley Road
Mt. Olive, NJ 07828
United States
Gilles Andrier
Chief Executive Officer
Tel: 973-576-9500
Email: gilles.andrier@givaudan.com

10. Cass Information Systems Inc    Trade Payable       $1,925,122
12444 Powerscourt Drive, 550
St Louis, MO 63131
United States
Eric H. Brunngraber
Chief Executive Officer
Tel: 314-506-5500
Email: cmreardon@cassinfo.com

11. Flywheel Digital LLC            Trade Payable       $1,884,047
Ascential Inc
1801 Porter St. 300
Baltimore, MD 21230
United States
Larry Pluimer
Chief Executive Officer
Tel: 206-257-8207
Email: pluimerl@flywheeldigital.com

12. Schwan Cosmetics USA, Inc.      Trade Payable       $1,856,440
3202 Elam Farms Pkwy
Mufreesboro, TN 37127
United States
Tomas Espinosa
Chief Executive Officer
Tel: 615-396-9156
Fax: 615-867-9986
Email: robin.gabriesheski@schwancosmeticsusa.com

13. Ancorotti Cosmetics             Trade Payable       $1,729,242
Via Dell'Industria 22
26013 Crema (Cr), Cremona, Italy
Renato Ancorotti
Chief Executive Officer
Tel: 3-738-768-1113
Email: rancorotti@ancorotticosmetics.com

14. VPI Holding Company LLC         Trade Payable       $1,607,336
Smolice 1L Hala F
Strykow, 95-010
Poland
Jamie Egasti
Executive Chairman
Tel: 312-255-4800
Email: jamieegasti@vpi-inc.com

15. Array Canada Inc.               Trade Payable       $1,478,924
45 Progress Ave.
Toronto, ON M1P 2Y6
Canada
Jeffrey K. Casselman
Chief Executive Officer
Tel: 416-299-4865
Fax: 416-292-9759
Email: jcasselman@arraymarketing.com

16. One NY Plaza Co LLC             Trade Payable       $1,465,618
250 Vesey Street
15th Floor
New York, NY 10281
United States
Jeremiah Larkin
Executive Vice President, Director of Leasing
Tel: 212-417-7100
Email: Jeremiah.Larkin@brookfieldproperties.com

17. Ibotta Inc                      Trade Payable       $1,440,514
19957 Dept Ch, Ste 400
Palatine, IL 60055-9957
United States
Bryan Leach
Chief Executive Officer
Tel: 720-984-2781
Email: bryan.leach@ibotta.com

18. Quotient Technology Inc         Trade Payable       $1,408,335
PO Box 204472
Dallas, TX 75320-4472
United States
Steven R. Boal
Chief Executive Officer
Tel: 650-605-4600
Fax: 650-605-4600
Email: steven.boal@quotient.com

19. Commission Junction             Trade Payable       $1,405,103
4140 Solutions Center
Chicago, IL 60677-4001
United States
Mayuresh Kshetramade
Chief Executive Officer
Tel: 800-761-1072
Email: mayureshkshetramade@cj.net

20. The Nielsen Company US LLC      Trade Payable       $1,361,652
675 6th Ave
New York, NY 10011
United States
David Kenny
Chief Executive Officer
Tel: 617-320-5767
Email: david.kenny@nielsen.com

21. Fiabila USA Inc.                Trade Payable       $1,357,227
106 Iron Mountain Road
Mine Hill, NJ 07803
United States
Pierre Miasnik
Chief Executive Officer
Tel: 973-659-9510
Fax: 973-659-6504
Email: pmiasnik@fiabila.com

22. Salcedo, Stephanie                Litigation        $1,125,000
Estate of Theresa M. Garcia           Settlement
c/o Dobs Legal LLP
302 N Market Street
Dallas, TX 75202
United States
Amin M. Omar, Partner
Tel: 214-722-5990
Email: aomar@dobslegal.com

23. Firmenich                       Trade Payable       $1,220,239
250 Plainsboro Road
Plainsboro, NJ 08536
United States
Gilbert Ghostine
Chief Representative
Tel: 212-489-4800
Fax: 212-980-4312
Email: kirra.thomas@firmenich.com

24. Shorewood Corporation of        Trade Payable       $1,198,038
Canada Ltd.
PO Box 4232
Toronto, ON M5W 5P4
Canada
S Lawrence Davis
Chief Executive Officer
Tel: 416-292-3990
Fax: 416-299-9627
Email: ldavis@shorewoodgrp.com

25. Premium Retail Services         Trade Payable       $1,065,274
618 Spirit Drive
Chesterfield, MO 63005
United States
Brian Travers
Chief Executive Officer
Tel: 800-800-7318
Email: btravers@premiumretail.com

26. VMWARE, Inc.                    Trade Payable       $1,079,444
3401 Hillview Ave.
Palo Alto, CA 94304
United States
Sumit Dhawan
President, Chief Customer Officer
Tel: 408-221-5025
Email: sdhawan@vmware.com

27. Valassis Communications Inc     Trade Payable       $1,010,384
90469 Collection Center Drive
Chicago, IL 60693
United States
Victor Nichols
Chief Executive Officer
Tel: 866-250-9689
Email: victor.nichols@uk.experian.com

28. Crystal Claire                  Trade Payable         $968,578
165 Milner Ave
Scarborough, ON M1S 4G7
Canada
Roger Hwang
Chief Executive Officer
Tel: 416-421-1882
Fax: 416-421-5025
Email: rogerh@crystalclaire.com

29. Plastek Industries Inc          Trade Payable         $925,237
2425 West 23Rd St
Erie, PA 16506
United States
Dennis J Prischak
Chief Executive Officer
Tel: 814-878-4400
Fax: 814-878-4499
Email: prischakd@plastekgroup.com

30. Kerr, Myriam And Kerr, Robert    Litigation           $900,000
c/o Simon Greenstone Panatier, PC    Settlement
1201 Elm Street
Suite 3400
Dallas, TX 75270
United States
Tyson Gamble
Counsel
Tel: 214-276-7680
Email: tgamble@sgptrial.com

31. Accenture International         Trade Payable         $915,000
Limited
1 Grand Canal Square, Grand Canal H
Dublin, D02 P820
Ireland
Julie Sweet
Chief Executive Officer
Tel: 917-452-4400
Fax: 917-527-9915
Email: julie.sweet@accenture.com

32. Kolmar Laboratories             Trade Payable         $912,472
PO Box 12469
Newark, NJ 07101-3569
United States
Rob Theroux
Chief Executive Officer
Tel: 845-856-5311
Fax: 845-856-8831
Email: robert.theroux@kdc-one.com

33. Salesforce.com Inc.             Trade Payable         $875,269
Salesforce Tower
415 Mission Street
3rd Floor
San Francisco, CA 94105
United States
Marc Benioff
Chief Executive Officer
Email: marc_benioff@salesforce.com

34. Beauty Care Professional       Purchase Price     Undetermined
Products Participations, S.A.        Adjustment
33 Boulevard Prince Henri
L-1724
Luxembourg
Emanuela Brero
Email: ebrero@cvc.com

35. Dassin, Gerald                 Non-Qualified      Undetermined
Address on file                       Pension

36. Dessen, Stanley                Non-Qualified      Undetermined
Address on file                       Pension

37. Draper, Robert E.              Non-Qualified      Undetermined
Address on file                       Pension

38. Engelman, Irwin                Non-Qualified      Undetermined
Address on file                       Pension

39. Fellows, George                Non-Qualified      Undetermined
Address on file                       Pension

40. Fox, William J.                Non-Qualified      Undetermined
Address on file                       Pension

41. Gedeon, Harvey                 Non-Qualified      Undetermined
Address on file                       Pension

42. Greff, Douglas                 Non-Qualified      Undetermined
Address on file                       Pension

43. Kretzman, Robert K.            Non-Qualified      Undetermined
Address on file                       Pension

44. Laurenti, Giorgio L.           Non-Qualified      Undetermined
Address on file                       Pension

45. Levin, Jerry W.                Non-Qualified      Undetermined
Address on file                       Pension

46. Nichols III, Wade H.           Non-Qualified      Undetermined
Address on file                       Pension

47. Shapiro, Paul E.               Non-Qualified      Undetermined
Address on file                       Pension

48. Pension Benefit                Under Funded       Undetermined
Guaranty Corporation                  Pension
PO 2295 1 Favorite Ave               Liability
N.W. Suite 340
Washington, DC, DC 20005-4026
United States
Patricia Kelly
Chief Financial Officer
Tel: 703-448-0461
Fax: 202-326-4112
Email: kelly.patricia@pbgc.gov

49. Revlon Pension Trustee         Under Funded       Undetermined
Company (U.K.) Limited            Pension Liability
Greater London House
Hampstead Road
London, NW1 7QX
United Kingdom

50. Financial Services             Under Funded       Undetermined
Regulatory Authority of Ontario       Pension
25 Sheppard Ave W Suite 100          Liability
Toronto, ON M2N 6S6
Canada
Mark White
Chief Executive Officer
Tel: 202-974-6012
Email: mark.white@fsrao.ca


REVLON INC: Files for Chapter 11 to Reorganize Finances
-------------------------------------------------------
Revlon, Inc. (NYSE: REV) on June 15, 2022, announced it and certain
of its subsidiaries have filed voluntary petitions for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for
the Southern District of New York.

The Chapter 11 filing will allow Revlon to strategically reorganize
its legacy capital structure and improve its long-term outlook,
especially amid liquidity constraints brought on by continued
global challenges, including supply chain disruption and rising
inflation, as well as obligations to its lenders.

Upon receipt of court approval, the Company expects to receive $575
million in debtor-in-possession ("DIP") financing from its existing
lender base, which in addition to its existing working capital
facility, will provide liquidity to support day-to-day operations.
The strong support by the Company's lenders will help the business
manage through current macro-economic challenges and in turn enable
it to better serve customers.

"Today's filing will allow Revlon to offer our consumers the iconic
products we have delivered for decades, while providing a clearer
path for our future growth," said Debra Perelman, Revlon's
President and Chief Executive Officer.  "Consumer demand for our
products remains strong -- people love our brands, and we continue
to have a healthy market position.  But our challenging capital
structure has limited our ability to navigate macro-economic issues
in order to meet this demand.  By addressing these complex legacy
debt constraints, we expect to be able to simplify our capital
structure and significantly reduce our debt, enabling us to unlock
the full potential of our globally recognized brands.  We are
committed to ensuring the reorganization is as seamless as possible
for our key stakeholders, including our employees, customers and
vendors, and we appreciate their support during this process."

None of Revlon's international operating subsidiaries are included
in the U.S. Chapter 11 proceedings, except Canada and the U.K.

                        First Day Motions

Revlon's management team will continue to run the business
following the filing. As part of the reorganization process, the
Company will file customary "First Day" motions to allow it to
maintain operations in the ordinary course. Revlon intends to pay
vendors and partners under customary terms for goods and services
received on or after the filing date and to pay its employees in
the usual manner and to continue their primary benefits without
disruption.  The Company expects to receive court approval for all
of these routine requests.

                        CRO, New Director

According to a filing with the SEC, on June 15, 2022, the Company
appointed Robert Caruso, Managing Director of Alvarez & Marsal, as
Chief Restructuring Officer of the Company.  Mr. Caruso has joined
the Company's senior management team and will help lead the
Company's restructuring efforts.  The services of Mr. Caruso and
other A&M personnel are being provided pursuant to an engagement
letter between the Company and A&M. Mr. Caruso will not receive any
compensation directly from the Company.

On June 15, 2022, D.J. "Jan" Baker, Esq. was elected as a director
of the Board of the Company, effective immediately.  With this
election, Revlon's Board of Directors is comprised of 10 members, 7
of whom constitute independent directors under applicable New York
Stock Exchange ("NYSE") and SEC standards.  Mr. Baker has also been
appointed as a member of the restructuring committee of the Board
and the Investigation Committee of the Board.  Mr. Baker's
compensation for service on the Board will consist solely of (i)
the monthly fee paid to members of the Restructuring Committee and
(ii) the $10,000 annual retainer for service on the Investigation
Committee, each as discussed below.  Mr. Baker will not receive the
annual retainer of $115,000 paid to certain other members of the
Board not serving on the Restructuring Committee.

The Board has formed a Restructuring Committee to oversee all key
matters in connection with the Cases.  The duties of the Company's
compensation committee will also be delegated to the Restructuring
Committee.  The members of the Restructuring Committee are Alan
Bernikow, E. Scott Beattie, Victor Nichols, Barry Schwartz and Mr.
Baker. Each member of the Restructuring Committee will receive a
fee of $45,000 per month for his service on the Restructuring
Committee and will waive the right to receive the Annual Retainer.

The Board has formed an Investigation Committee comprised of Mr.
Baker as the sole member.  The Investigation Committee is vested
with the power and authority from the Board and its committees to
undertake certain investigations.  Mr. Baker will receive an annual
retainer of $10,000 for his service on the Investigation
Committee.

                    Additional Information

Additional information, including court filings and other documents
related to the court-supervised process, is available on the
Company's restructuring website at
https://cases.ra.kroll.com/Revlon, by emailing
revloninfo@ra.kroll.com or by calling (855) 631-5341 (toll free) or
(646) 795-6968 (international).

                      About Revlon Inc.

Revlon Inc. manufactures, markets and sells an extensive array of
beauty and personal care products worldwide, including color
cosmetics; fragrances; skin care; hair color, hair care and hair
treatments; beauty tools; men's grooming products; anti-perspirant
deodorants; and other beauty care products.  Today, Revlon's
diversified portfolio of brands is sold in approximately 150
countries around the world in most retail distribution channels,
including prestige, salon, mass, and online.

Since its breakthrough launch of the first opaque nail enamel in
1932, Revlon has provided consumers with high quality product
innovation, performance and sophisticated glamour.  In 2016, Revlon
acquired the iconic Elizabeth Arden company and its portfolio of
brands, including its leading designer, heritage and celebrity
fragrances.

Revlon is among the leading global beauty companies, with some of
the world's most iconic and desired brands and product offerings in
color cosmetics, skin care, hair color, hair care and fragrances
under brands such as Revlon, Revlon Professional, Elizabeth Arden,
Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy
Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos,
Christina Aguilera and AllSaints.

Revlon, Inc., sought Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 22-10760) on June 15, 2022.  Fifty affiliates, including Almay,
Inc, Beautyge Brands USA, Inc., and Elizabeth Arden, Inc., also
sought bankruptcy protection on June 15 and June 16, 2022.

Revlon disclosed total assets of $2,328,093,000 against total
liabilities of $3,689,240,395 as of April 30, 2022.

The Hon. David S. Jones is the case judge.

PJT Partners is acting as financial advisor to Revlon and Alvarez &
Marsal is acting as restructuring advisor.  Paul, Weiss, Rifkind,
Wharton & Garrison LLP is acting as legal advisor to the Company.
Mololamken, LLC, is the conflicts counsel.  Kroll, LLC, is the
claims agent.


REVLON INC: Has $575 Million of DIP Financing
---------------------------------------------
Revlon Inc. has arranged $575 million of debtor-in-possession
("DIP") financing from its existing lender base to fund its
restructuring.

According to a regulatory filing, the Debtors expect to seek
approval from the Court to enter into:

    (i) a superpriority senior secured debtor-in-possession
asset-based loan facility (the "DIP ABL Facility"), in the maximum
aggregate principal amount of $400 million, with certain financial
institutions party thereto as lenders and MidCap Funding IV Trust,
as administrative agent and collateral agent,

   (ii) a superpriority senior secured debtor-in-possession term
loan facility (the "DIP Term Loan Facility"), in the aggregate
principal amount of $575 million, with certain financial
institutions party thereto as lenders and Jefferies Finance, LLC,
as administrative agent and collateral agent, and

  (iii) a superpriority junior secured debtor-in-possession
intercompany credit facility (the "Intercompany DIP Facility" and,
together with the DIP ABL Facility and the DIP Term Loan Facility,
the "DIP Facilities") with the Debtors that are BrandCos.

                      DIP ABL Facility

The DIP ABL Facility, among other things, is expected to provide
for (i) an asset-based revolving credit facility in the amount of
$270 million (the "Tranche A DIP ABL Facility"), the initial
proceeds of which will be used to refinance the Tranche A Revolving
Secured Obligations (as defined in the ABL Credit Agreement
referred to below), and (ii) an asset-based term loan facility in
the amount of $130 million, the proceeds of which will be used to
refinance the SISO Secured Obligations (as defined in the ABL
Credit Agreement).  The remaining proceeds of the DIP ABL Facility
are expected to be used for general corporate purposes of the
Debtors, including to pay expenses in connection with the Cases.

The maturity date of the DIP ABL Facility is expected to be the
earliest of (i) 365 calendar days after the closing date of the DIP
Term Loan Facility (the "Stated Maturity Date"), with an option to
extend to the earlier of 180 days after the Stated Maturity Date
and the extended maturity date of the DIP Term Loan Facility
following the exercise by Products Corporation of its option to
extend the maturity date thereunder; (ii) July 20, 2022, if a final
order approving the DIP ABL Facility has not been entered by the
Court on or before such date; (iii) the effective date of any
chapter 11 plan for the reorganization of any Debtor; (iv) the
consummation of any sale or other disposition of all or
substantially all of the assets of the Debtors pursuant to
Bankruptcy Code Sec. 363; (v) the date of the acceleration of the
DIP ABL Facility and termination of the corresponding commitments
in accordance with the definitive documents governing the DIP ABL
Facility; (vi) the date the Bankruptcy Court orders the conversion
of the Cases of any of the Debtors to a chapter 7 liquidation,
(vii) the rejection or termination of the BrandCo License
Agreements (as defined in the BrandCo Credit Agreement) and (viii)
the dismissal of the Cases of any Debtor without the consent of the
holders of more than 50% of the loans and commitments under the
Tranche A DIP ABL Facility. The outstanding principal of the DIP
ABL Facility will be due and payable in full on the maturity date.

The DIP ABL Facility is expected to be secured by a perfected (i)
first priority priming security interest and lien on substantially
all assets of the Debtors (other than the BrandCos and Beautyge I,
an exempted company incorporated in the Cayman Islands ("Beautyge
I")) constituting ABL Facility First Priority Collateral (as
defined in the ABL Credit Agreement), (ii) junior priority priming
security interest and lien on substantially all assets of the
Debtors (other than the BrandCos and Beautyge I) constituting Term
Facility First Priority Collateral (as defined in the ABL Credit
Agreement), and (iii) security interests and liens on substantially
all assets of the Debtors (other than the BrandCos and Beautyge I)
that was not, on the Petition Date, subject to valid, unavoidable
and perfected security interests and liens, pursuant to Bankruptcy
Code Sec. 364(c)(2), with the following priority: if such
collateral is of the same nature, scope and type as (a) ABL
Facility First Priority Collateral, on a first priority senior
priming basis, and (b) Term Facility First Priority Collateral, on
a junior priority basis subject to the liens in favor of the DIP
Term Loan Facility, the Intercompany DIP Facility and any adequate
protection liens granted to certain of Products Corporation's
secured creditors (the collateral for the DIP ABL Facility, the
"Opco DIP Collateral"). The DIP ABL Facility is expected to be
subject to certain customary and appropriate conditions for
financings of similar type.

The DIP ABL Facility is expected to be subject to customary
affirmative and negative covenants and events of default for
postpetition financing of this type, including, without limitation,
customary "milestones" for progress in the Cases, including without
limitation the filing of a disclosure statement to solicit votes on
a plan of reorganization and the entry of an order by the Court
confirming such plan of reorganization.

The terms of the DIP ABL Facility are subject to continued
negotiations between the Debtors, the lenders thereunder, and
certain of the Debtors' prepetition creditors and parties in
interest.

                     Term Loan Facility

The DIP Term Loan Facility, among other things, is expected to
provide for a term loan facility in the amount of $575 million, the
proceeds of which will be used to refinance obligations under the
Foreign ABTL Credit Agreement referred to below and for general
corporate purposes of the Debtors, including to pay expenses in
connection with the Cases.

The maturity date of the DIP Term Loan Facility is expected to be
the earliest of (i) 365 calendar days after the closing date of the
DIP Term Loan Facility, with an option to extend by up to 180 days
at the option of Products Corporation; (ii) July 20, 2022, if a
final order approving the DIP Term Facility has not been entered by
the Court on or before such date; (iii) the effective date of any
chapter 11 plan for the reorganization of any Debtor; (iv) the
consummation of any sale or other disposition of all or
substantially all of the assets of the Debtors pursuant to
Bankruptcy Code Sec. 363; and (v) the date of acceleration or
termination of the DIP Term Loan Facility in accordance with the
definitive documents governing the DIP Term Loan Facility. The
outstanding principal of the DIP Term Loan Facility will be due and
payable in full on the maturity date.

The DIP Term Loan Facility is expected to be secured by a perfected
(i) first priority priming security interest and lien on the Term
Facility First Priority Collateral, (ii) junior priority priming
security interest and lien on the ABL Facility First Priority
Collateral, and (iii) a first priority security interest and lien
on substantially all the assets of the BrandCos and Beautyge I, and
(iv) security interests and liens on substantially all assets of
the Debtors that was not, on the Petition Date, subject to valid,
unavoidable and perfected security interests and liens, pursuant to
Bankruptcy Code Sec. 364(c)(2), with the following priority: if
such collateral is of the same nature, scope and type as (a) Term
Facility First Priority Collateral, on a first priority senior
priming basis, and (b) ABL Facility First Priority Collateral, on a
junior priority priming basis subject to the liens in favor of the
ABL DIP Facility and any adequate protection liens granted to
certain of Products Corporation's secured creditors. The DIP Term
Loan Facility is expected to be subject to certain customary and
appropriate conditions for financings of similar type.

The DIP Term Loan Facility is expected to be subject to customary
affirmative and negative covenants and events of default for
postpetition financing of this type, including, without limitation,
customary "milestones" for progress in the Cases, including without
limitation the filing of a disclosure statement to solicit votes on
a plan of reorganization and the entry of an order by the Court
confirming such plan of reorganization.

The terms of the DIP Term Loan Facility are subject to continued
negotiations between the Debtors, the lenders thereunder, and
certain of the Debtors' prepetition creditors and parties in
interest.

                  Intercompany DIP Facility

Pursuant to the Intercompany DIP Facility, it is expected that term
loans would be automatically deemed to be provided by the BrandCos
to Products Corporation in the amount of, and in full satisfaction
of the obligation of Products Corporation to pay, amounts payable
from time to time by Products Corporation to the BrandCos under the
BrandCo Licenses.  The loans under the Intercompany DIP Facility
are expected to be secured by a fully perfected security interest
and lien on all of the Opco DIP Collateral, immediately junior to
the liens and security interests on the Opco DIP Collateral
securing the DIP Term Loan Facility.  The loans under the
Intercompany DIP Facility are expected to bear interest at a rate
to be determined and are expected to mature on the maturity date of
the DIP Term Loan Facility.

The terms of the Intercompany DIP Facility are subject to continued
negotiations among the Debtors and certain of the Debtors'
prepetition creditors and parties in interest.

               Foreign ABTL Credit Agreement

Pursuant to a First Forbearance Agreement and Second Amendment to
the Credit Agreement, dated as of June 15, 2022, among the parties
to the Asset-Based Term Loan Credit Agreement, dated as of March 2,
2021 (the "Foreign ABTL Credit Agreement") by and among Revlon
Finance LLC, as the borrower (the "Foreign ABTL Borrower"), the
guarantors party thereto, the lenders party thereto (the "Foreign
ABTL Lenders"), and Blue Torch Finance LLC ("Blue Torch"), as
administrative agent and collateral agent, Blue Torch and the
Foreign ABTL Lenders have agreed, upon payment of a forbearance fee
and other customary conditions, to (i) forbear from exercising
remedies under the Foreign ABTL Credit Agreement as a result of
certain specified defaults that will arise as a result of the
filing of the Bankruptcy Petitions and (ii) amend the Foreign ABTL
Credit Agreement in certain respects as a condition to the proposed
forbearance.  It is anticipated that all obligations outstanding
under the Foreign ABTL Credit Agreement will be repaid in full in
connection with the initial borrowing under the DIP Term Loan
Facility.

                      About Revlon Inc.

Revlon Inc. manufactures, markets and sells an extensive array of
beauty and personal care products worldwide, including color
cosmetics; fragrances; skin care; hair color, hair care and hair
treatments; beauty tools; men's grooming products; anti-perspirant
deodorants; and other beauty care products.  Today, Revlon's
diversified portfolio of brands is sold in approximately 150
countries around the world in most retail distribution channels,
including prestige, salon, mass, and online.

Since its breakthrough launch of the first opaque nail enamel in
1932, Revlon has provided consumers with high quality product
innovation, performance and sophisticated glamour.  In 2016, Revlon
acquired the iconic Elizabeth Arden company and its portfolio of
brands, including its leading designer, heritage and celebrity
fragrances.

Revlon is among the leading global beauty companies, with some of
the world's most iconic and desired brands and product offerings in
color cosmetics, skin care, hair color, hair care and fragrances
under brands such as Revlon, Revlon Professional, Elizabeth Arden,
Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy
Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos,
Christina Aguilera and AllSaints.

Revlon, Inc., sought Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 22-10760) on June 15, 2022.  Fifty affiliates, including Almay,
Inc, Beautyge Brands USA, Inc., and Elizabeth Arden, Inc., also
sought bankruptcy protection on June 15 and June 16, 2022.

Revlon disclosed total assets of $2,328,093,000 against total
liabilities of $3,689,240,395 as of April 30, 2022.

The Hon. David S. Jones is the case judge.

PJT Partners is acting as financial advisor to Revlon and Alvarez &
Marsal is acting as restructuring advisor.  Paul, Weiss, Rifkind,
Wharton & Garrison LLP is acting as legal advisor to the Company.
Mololamken, LLC, is the conflicts counsel.  Kroll, LLC, is the
claims agent.


REVLON INC: In Chapter 11 Due to Heavy Debt, Supply Chain Woes
--------------------------------------------------------------
Revlon Inc. said it was forced to commence Chapter 11 proceedings
because its liquidity position has been significantly constrained
since the onset of COVID-19, and has severely deteriorated recently
in 2022.

Alvarez & Marsal's Robert M. Caruso, the Debtors' chief
restructuring officer, explained that customer demand for Revlon's
products and brands remains strong, and has in fact grown
year-over-year in each year since 2020.  However, industry
headwinds and macroeconomic issues that have adversely affected the
Debtors for years have significantly accelerated this year,
principally due to:

   * Supply Chain: global supply chain disruptions that began in
2020 have recently accelerated due to, among other reasons, the
unexpected persistence of COVID-19, including lockdowns and other
restrictions in key commercial hubs such as China, which have left
the Debtors unable to procure sufficient volumes of raw materials
to manufacture enough inventory to meet the significant consumer
demand for their products;

   * Inventory: the Company's inability to obtain and produce
sufficient inventory due to supply chain constraints has in turn
caused a decrease in revenue and a reduction in the Company's
borrowing base under its US ABL Facility;

   * Logistics and Labor: even when the Debtors are able to acquire
necessary raw materials to manufacture their products, shipping,
freight, and logistics issues, as well as labor shortages affecting
both the Company and its logistics providers, have delayed the
process of manufacturing products into saleable inventory and
delivering that inventory to market, and increased the cost of
doing so;

   * Trade Credit: due to the Debtors' liquidity challenges and
significantly constrained ability to make payments to their
vendors, coupled with increased competition for more limited supply
from the Company's vendors, suppliers have been rapidly pulling the
Company's trade credit and have increasingly demanded cash in
advance;

   * Customer Issues: because the Debtors have been unable to
produce sufficient goods in recent months to meet strong customer
demand, retailers have begun imposing fines on the Company for
failure to deliver products "on time and in full";

   * Inflation: inflation is rising too rapidly to allow increased
procurement and manufacturing costs to be passed through to
customers; and

   * Market Impacts: significant volatility in the capital markets
and tightening of credit markets have limited the Company's options
to address its liquidity shortfall.

Prior to the recent impact of these issues, the Company had been
working proactively for years to address its capital structure,
which, as of the Petition Date, consists of approximately $3.5
billion of secured and unsecured debt as follows:

    Instrument/Facility             Principal Outstanding
    -------------------             ---------------------
    US ABL Facility                          $289,000,000
    BrandCo Facilities                     $1,878,019,219
    2016 Term Loan Facility                  $870,116,570
    2024 Unsecured Notes                     $431,300,000
    Foreign ABTL Facility                     $75,000,000
                                    ---------------------
    Total Indebtedness                     $3,543,435,789

In 2020, the Company took several steps to address near-term debt
maturities and provide liquidity to execute on its long-term
business plan and to address the uncertainty caused by the COVID-19
pandemic.  On May 7, 2020, the Debtors and certain existing
debtholders entered into a credit agreement that provided the
Debtors with approximately $1,850 million of financing, known as
the BrandCo Facilities.

In November 2020, the Debtors completed an exchange offer for the
Company's then-outstanding 2021 Unsecured Notes, which, if left
outstanding on November 15, 2020, could have caused the maturities
of the Company's other funded debt, including the US ABL Facility,
2016 Term Loan Facility, and Foreign ABTL Facility to "spring"
forward to that same date. By engaging in these transactions, the
Company avoided this springing maturity and were able to continue
to pursue its strategic initiatives to grow and strengthen its
businesses.

In March 2020, the COVID-19 pandemic and related shut-downs began
to negatively impact the Debtors.  Sales declined due to the forced
closures of retailer locations and office spaces, and the
imposition of quarantines, travel restrictions, import and export
restrictions, and face mask mandates.  Due to government-imposed
stay-at-home orders, organizations and educational institutions
cancelled in-person events, and beauty salons, spas, and department
stores stopped serving clients, decreasing demand for the Company's
products.  Air travel and consumer traffic in key shopping and
tourist areas around the globe plummeted. On a macro level, the
world experienced a general slowdown of the global economy.  Each
of these factors contributed to a significant decline in net sales
in a majority of the Company's business segments and regions.

Citibank Litigation

As the Company was confronting these challenges, a nearly $1
billion mistake by Citibank, N.A., the Administrative Agent for the
2016 Term Loans caused significant uncertainty and complexity for
the Debtors' capital structure. On August 11, 2020, Citibank
intended to process an approximately $7.8 million interest payment
due to holders of the 2016 Term Loans, but instead paid the full
principal and outstanding interest due on all of the 2016 Term
Loans, in an amount totaling approximately $894 million, entirely
by mistake.

Citibank immediately sent recall notices to all 2016 Term Loan
Lenders informing them of the error, but holders of approximately
$500 million of the 2016 Term Loan declined to return the funds.
Citibank, which had used its own funds to pay all but the $7.8
million interest payment, promptly sued those lenders and lost in
the trial court following a bench trial.  That ruling is now on
appeal before the Second Circuit.  Oral argument was heard on Sept.
29, 2021, and, as of the Petition Date, no opinion has been
issued.

Although Revlon is not a party to the Citibank Litigation, these
events have created uncertainty for the Company, Citibank, and the
lenders regarding who holds over 50% of the 2016 Term Loans, and it
is expected that uncertainty to persist until the Second Circuit
issues a ruling on Citibank's appeal.  The Credit Agreement
governing the 2016 Term Loans does not allow additional senior
financing to be pursued out of court without the consent of a
majority of the 2016 Term Loans, but the status of approximately
$500 million of the $894 million in 2016 Term Loans remains
unresolved.  As a result, the Company effectively has had, since
August 2020, no 2016 Term Loans counterparty with which it can
negotiate.

Refinancing Process

Despite these extremely challenging and unprecedented difficulties,
in late 2020 the Company was able to address its near-term balance
sheet issues and saw a gradual rebound in its sales and revenue by
mid-2021.  With the roll out of COVID-19 vaccinations and the
easing of restrictions in the United States and other key markets
around the globe, the Company saw a gradual rebound in consumer
spending and consumption in 2021 and early 2022.  Due in large part
to management's business optimization efforts, the Company was able
to quickly capitalize on this opportunity and successfully grew
customer demand in 2022.

Demand for the Company's products since 2020 has been strong across
segments.  The Company finished 2021 with $292.9 million of
adjusted EBITDA, up $52.8 million (21.9%) from 2020 ($240.1
million) and 10.0% from 2019 ($266.1 million).  In 2021, the
Company generated $2,078.7 million in net sales, compared to
$1,904.3 million in 2020 and $2,419.6 million in 2019. Through the
first quarter of 2022, the Company generated $479.6 million in net
sales, as compared to $445.0 million in 2021, $453.0 million in
2020, and $553.2 million in 2019 for the same period.

On the heels of encouraging developments in the first quarter of
2022, the Company began working with Jefferies Finance LLC to
commence a refinancing process, which was scheduled to begin in the
second quarter of 2022. As part of this refinancing, Jefferies
anticipated marketing a $500 million preferred equity security to
help de-lever the Company.  In March 2022, the Company engaged in
constructive dialogue with its Prepetition ABL Lender under the
Tranche A Revolving Loans (MidCap Funding IV Trust) and the lender
under the Company's Foreign ABTL Facility (Blue Torch Finance LLC).
The Company successfully negotiated amendments to the borrowing
base under its US ABL Facility and Foreign ABTL Facility that
temporarily increased its borrowing capacity by $10 million-$15
million and $7 million, respectively.

Supply Chain Disruptions

However, by late spring 2022, the economic environment began to
change.  The Company was experiencing high demand for its products,
but industry-wide global supply chain disruptions decreased the
supply of, and intensified competition for, the many chemicals and
other raw materials required by the Company to manufacture its
products.  The Company's vendors, who would historically allow 30
to 75 days for payment after receipt of an invoice, began insisting
on payment of outstanding amounts, implementing credit holds,
and/or requiring cash in advance for new orders.

If the Company did not comply, they would simply sell their
products to one of the many other willing buyers.  These vendor
demands substantially impacted the Company's liquidity position.
Global labor shortages further burdened the Company and its
suppliers with higher costs and delays in production and
transportation, and global inflation rose at a rate faster than the
Company could pass the increased costs through to its customers.
As a result of all of these issues, the Company experienced
increasing challenges procuring the dozens of different components
and ingredients needed to manufacture each one of its many
products, and even where it could do so, substantially higher
costs, delays, and payment requirements placed significant
pressures on its business and liquidity.  As a consequence of these
supply chain and manufacturing challenges, the Company's ability to
deliver completed products to its customers and generate revenue
has been further constrained, negatively impacting sales and in
some cases resulting in fines from the Company's customers for
failing to provide required quantities of its products on time and
in full.

In-Court Restructuring

In the wake of the significant risks to its businesses, the Company
had to determine whether to use dwindling liquidity to make
upcoming interest payments of approximately $11 million on its 2016
Term Loan Facility and approximately $38 million on the BrandCo
Facilities.  The Company quickly engaged with the BrandCo Lenders,
the Prepetition ABL Lenders, and the 2016 Term Loan Lenders, with
constructive formal and informal discussions with members of these
groups or their advisors during May and June 2022.  During these
discussions, the Company responded to multiple rounds of
high-priority diligence requests on an expedited timeline and
proposed financings and transaction structures to bridge its
liquidity needs out of court.  However, a significant number of the
Company's lenders were not willing to pursue any such transactions
in the current environment.  The Company then pivoted on a path to
a restructuring, which the BrandCo Lenders were supportive of.
BrandCo Lenders holding approximately 87% of the BrandCo Facilities
have provided the Debtors with financing commitments to fund the
Debtors' operations during the course of Chapter 11 Cases of $575
million, including $375 million available on an interim basis
subject to Court approval.  This debtor-in-possession financing,
together with the other first day relief discussed herein, will
allow the Debtors to immediately and aggressively address the
current crisis.  The Debtors continue to engage with the lender
groups in good faith and are appreciative of their efforts to
date.

As the Debtors' focus turned toward evaluating an in-court
restructuring, the board of directors of Revlon, Inc. and Revlon
Consumer Products Corporation determined that it was in the
Debtors' best interests to make several governance changes
throughout the Company, each of which were approved and implemented
on June 15, 2022:

    * Appointment of Chief Restructuring Officer: Alvarez &
Marsal's Caruso was appointed as Chief Restructuring Officer to
each of the Debtors to assist the Debtors with their chapter 11
filings and provide certain management services;

    * Appointment of Additional Independent Director: one
independent and disinterested Board member with significant
restructuring experience, D.J. Baker, was appointed to the Board of
Revlon, Inc.;

    * Formation of Restructuring Committee and Dissolution of
Compensation Committee: the Board of Revlon, Inc. formed a
restructuring committee comprised of Alan S. Bernikow as Chair, E.
Scott Beattie, Barry F. Schwartz, Victor Nichols, and Jan Baker.
Pursuant to the resolutions establishing the Restructuring
Committee, the Board delegated to the Restructuring Committee the
full and exclusive power and authority of the Board to (i) carry
out all key activities related to the Restructuring Matters (as
defined herein), except for the power or authority to approve any
"Significant Transactions," which include the adoption or
implementation of any proposed (a) plan of reorganization of the
Company and its subsidiaries, (b) sale of all or substantially all
of the Company's assets or businesses, or (c) any other significant
transaction or decision that the Restructuring Committee determines
should be considered by the full Board; (ii) consider, negotiate,
approve, authorize and act upon any matter, as determined by the
Restructuring Committee, that certain creditors of the Company or
any of its subsidiaries could potentially allege presents conflicts
of interest between the Company and related entities; and (iii)
exercise all powers previously delegated to the Compensation
Committee, including those set forth in the Compensation Committee
Charter that is posted to the Company's investor relations website
as of the date of this Declaration.
The Restructuring Committee is also delegated the full and
exclusive power and authority of the Board to consider, negotiate,
approve, authorize, and act upon alleged conflicts of interest
between the Company and related entities.  By the same resolutions,
the Board of Revlon, Inc. disbanded and dissolved the standing
Compensation Committee;

    * Formation of Investigation Committee: the Board of Revlon,
Inc. formed an investigation committee comprised of Jan Baker as
the sole member.  Pursuant to the resolutions establishing the
Investigation Committee, the Board delegated to the Investigation
Committee all of the power and authority of the Board to perform
any and all internal audits, reviews, and investigations of the
Company and its subsidiaries;

    * Appointment of Directors to the Board of RCPC: the board of
directors at RCPC (the "RCPC Board") appointed Alan S. Bernikow to
serve as Chairman of the RCPC Board and appointed Jan Baker, E.
Scott Beattie, and Victor Nichols as directors effective
immediately upon the resignations of Ronald O. Perelman, Debra
Perelman, and Ceci Kurzman from such board; and

    * Appointment of Restructuring Officer at BrandCos: at each of
the BrandCos, each a Debtor in these Chapter 11 Cases, Debtor
Beautyge I, as sole Member of each of the BrandCos, appointed Steve
Panagos as a Restructuring Officer and delegated to Mr. Panagos the
full power and authority of the Member to (i) consider, negotiate,
approve, authorize and act upon any matter that certain creditors
of the BrandCos could potentially allege presents conflicts of
interest between the BrandCos and related entities (the "Alleged
BrandCos Conflicts Matters"); and (ii) carry out all key activities
related to the Chapter 11 Cases of the BrandCos.  The resolutions
appointing Mr. Panagos as the Restructuring Officer specify that he
does not have the power or authority to approve any "Significant
Transactions," which include the adoption or implementation of any
proposed (a) plan of reorganization of any BrandCo, (b) sale of all
or substantially all of any BrandCo's assets or businesses, or (c)
any other significant transaction or decision that he determines
should be considered by the Member, except for any Significant
Transaction that constitutes an Alleged BrandCos Conflicts Matter.

The Debtors, with the goal of maximizing value for the benefit of
all stakeholders, and in consultation with their advisors, elected
to commence these Chapter 11 Cases to obtain funding for
operations, stabilize their operations, conserve and manage
liquidity, and effect a value maximizing restructuring.  The
Debtors are part of an enterprise with a long-standing commitment
to providing glamour, excitement, and innovation through quality
products at affordable prices.  Under the oversight of the Court,
the Debtors are confident they can withstand today's hardships,
address the Company's capital structure, and get back to the
business of providing customers worldwide with iconic brands and
beauty products.

                      About Revlon Inc.

Revlon Inc. manufactures, markets and sells an extensive array of
beauty and personal care products worldwide, including color
cosmetics; fragrances; skin care; hair color, hair care and hair
treatments; beauty tools; men's grooming products; anti-perspirant
deodorants; and other beauty care products.  Today, Revlon's
diversified portfolio of brands is sold in approximately 150
countries around the world in most retail distribution channels,
including prestige, salon, mass, and online.

Since its breakthrough launch of the first opaque nail enamel in
1932, Revlon has provided consumers with high quality product
innovation, performance and sophisticated glamour.  In 2016, Revlon
acquired the iconic Elizabeth Arden company and its portfolio of
brands, including its leading designer, heritage and celebrity
fragrances.

Revlon is among the leading global beauty companies, with some of
the world's most iconic and desired brands and product offerings in
color cosmetics, skin care, hair color, hair care and fragrances
under brands such as Revlon, Revlon Professional, Elizabeth Arden,
Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy
Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos,
Christina Aguilera and AllSaints.

Revlon, Inc., sought Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 22-10760) on June 15, 2022.  Fifty affiliates, including Almay,
Inc, Beautyge Brands USA, Inc., and Elizabeth Arden, Inc., also
sought bankruptcy protection on June 15 and June 16, 2022.

Revlon disclosed total assets of $2,328,093,000 against total
liabilities of $3,689,240,395 as of April 30, 2022.

The Hon. David S. Jones is the case judge.

PJT Partners is acting as financial advisor to Revlon and Alvarez &
Marsal is acting as restructuring advisor.  Paul, Weiss, Rifkind,
Wharton & Garrison LLP is acting as legal advisor to the Company.
Mololamken, LLC, is the conflicts counsel.  Kroll, LLC, is the
claims agent.


RIOME PLUMBING: Files Bare-Bones Chapter 11 Petition
----------------------------------------------------
Riome Plumbing & Mechanical LLC filed for chapter 11 protection in
the District of New Jersey.  

The petition states funds will be available to unsecured
creditors.

The Court has entered an order to show cause why the case should
not be dismissed for the Debtor's failure to comply with Local Rule
1006, and failure to File Missing Documents.  The missing documents
include the Summary of Assets and Liabilities for Non-Individuals,
Declaration Under Penalty of Perjury for Non Individual Debtors,
Statement of Financial Affairs For Non-Individuals, 20 Largest
Unsecured Creditors, List of Equity Security Holders, and Schedules
A/B,D,E/F,G,H.  A hearing is scheduled for July 5, 2022 at 10:30 AM
at ABA - Courtroom 4B, Camden.

                     About Riome Plumbing

Riome Plumbing & Mechanical LLC is Categorized under Plumbers and
Plumbing Contractors.

Riome Plumbing & Mechanical LLC sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 22-14859) on
June 14, 2022. In the petition filed by Tyrone Pitts, as managing
member, the Debtor reports estimated assets and liabilities between
$500,000 and $1 million. David A. Kasen, of Kasen & Kasen PC, is
the Debtor's counsel.


RITE AID: S&P Cuts Issuer Credit Rating to 'CC', Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
drugstore retailer Rite Aid Corp. to 'CC' from 'CCC+'.

S&P said, "At the same time, we lowered all of our issue-level
ratings on the debt instruments subject to the repurchase
transactions to 'CC' from 'CCC-'. Our ratings on the company's
asset-based lending (ABL) and first in, last out (FILO) term loan
remain unchanged.

"The negative outlook reflects that we will lower our issuer credit
rating on Rite Aid to 'SD' (selective default) and our issue-level
ratings on the senior notes subject to the repurchase transactions
to 'D' when the transaction closes.

"We view the exchange offer as distressed and not opportunistic."
The downgrade follows Rite Aid's announcement that it has commenced
a below-par cash tender offer for up to $150 million in aggregate
principal amount of the following notes:

-- 7.50% senior secured notes due 2025;
-- 8.00% senior secured notes due 2026; and
-- The unguaranteed 7.70% unsecured notes due 2027 and 6.875%
notes due 2028.

This is subject to prioritized acceptance levels and a subcap of
$100 million with respect to the 2025 notes and proration. Under
the proposed transaction, the company would repurchase debt at
about 13%-15% below par for the 2025 and 2026 notes and at a much
steeper discount for the 2027 and 2028 notes. S&P said, "We view
the proposed transaction as distressed because we do not view that
discount as minimal and the company does not have significant
excess cash reserves on its balance sheet to fund the tender
without incurring additional debt."

S&P said, "We view the amount of debt being repurchased as more
than de minimis and continue to believe the company's ability to
execute a sustained turnaround of its operations is uncertain. We
note Rite Aid is conducting the tender several quarters before the
maturities of the tendered notes, which somewhat offsets these
considerations. The company's cash balances totaled $40 million and
it had about $1.9 billion of borrowing capacity under its $2.8
billion ABL revolver as of Feb. 29, 2022. Rite Aid does not have
any upcoming debt maturities until 2025 when its revolver and term
loan come due. However, we believe the company would be unable to
withstand a low-probability, high-impact event without refinancing.
Also, we do not think it has a generally satisfactory or high
standing in the credit markets given its history of below-par debt
transactions.

"The negative outlook reflects that we will lower our issuer credit
rating on Rite Aid to 'SD' and our issue-level ratings on the
affected debt instruments to 'D' once the transaction closes. If
completed, the exchange offer will slightly reduce the company's
funded debt and alleviate some of its interest expense. However, it
will only marginally benefit Rite Aid's credit profile. Therefore,
we expect to raise our issuer credit rating on the company to
'CCC+' from 'SD' a few days after the completion of the tender
given the persistent weakness in its business."

Camp Hill, Pa.-based Rite Aid is the third-largest drugstore
retailer in the U.S. by revenue. It operated 2,450 stores as of
February 2022. The company's operations are organized into two
divisions: retail pharmacy and pharmacy services (operates as a
pharmacy benefit manager).

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



ROCKET MORTGAGE: S&P Affirms 'BB+ Long-Term ICR, Outlook Stable
---------------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' issuer credit rating on
Rocket Mortgage LLC. The outlook remains stable. S&P also affirmed
its 'BB+' unsecured debt ratings. The recovery rating on the
unsecured debt remains '3', reflecting its expectation of
meaningful recovery in a simulated default scenario.

S&P said, "We expect Rocket Mortgage and Rocket (of which Rocket
Mortgage is the principal subsidiary) to absorb a very sharp drop
in originations. We expect Rocket will maintain leverage within our
long-term expectations of 2x-3x on the back of an efficient model,
cost cutting measures, and prudent financial management.

"The stable outlook reflects our expectation that Rocket's
leverage--on a three-year weighted average basis--will be 2x-3x as
its earnings and EBITDA fall sharply in 2022 and 2023, from the
very strong results of 2020 and 2021. We also expect its ratio of
net debt to tangible equity to remain below 1x."

S&P could lower the ratings on Rocket Mortgage in the next 12
months if:

-- S&P expects net debt to EBITDA to rise sustainably above 3.0x
because of a prolonged slump in originations or Rocket increases
debt to finance shareholder payouts or investments that do not lead
to a parallel rise in EBITDA; or

-- Rocket's net debt to equity rises above 1.0x.

S&P said, "We are unlikely to raise the ratings during a period of
weak origination activity. However, over time we would look
favorably on measures that could lessen the volatility in Rocket's
performance and its reliance on refinancing activity." For
instance, an increased market share of purchase originations or
material growth of the Rocket subsidiaries other than Rocket
Mortgage could reduce the volatility of the group's performance.



ROOF IT BETTER: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Roof It Better, LLC
        1100 North Florida Mango Road #G
        West Palm Beach, FL 33409

Business Description: Roof It Better, LLC is a residential and
                      commercial roofing contractor.

Chapter 11 Petition Date: June 15, 2022

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 22-14651

Judge: Hon. Mindy A. Mora

Debtor's Counsel: Craig I. Kelley, Esq.
                  KELLEY, FULTON & KAPLAN, P.L.
                  1665 Palm Beach Lakes Blvd
                  The Forum - Suite 1000
                  West Palm Beach, FL 33401
                  Tel: 561-491-1200
                  E-mail: craig@kelleylawoffice.com

Total Assets: $123,739

Total Liabilities: $2,102,056

The petition was signed by Teresa Mehaffey as manager.

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/KUTVVVA/Roof_It_Better_LLC__flsbke-22-14651__0001.0.pdf?mcid=tGE4TAMA


SAVANNAH CAPITAL: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 cases of Savannah Capital, LLC and New Broughton Street, LLC,
according to court dockets.
    
                      About Savannah Capital

Savannah Capital, LLC is an asset management company based in
Savannah, Ga.

Savannah Capital and its affiliate, New Broughton Street, LLC,
sought Chapter 11 protection (Bankr. M.D. Fla. Lead Case No.
22-01431) on April 11, 2022. In the petitions filed by Kris Callen,
as manager, both Debtors listed up to $50,000 in assets and up to
$10 million in liabilities.

Judge Catherine Peek Mcewen oversees the case.

Jake C. Blanchard, Esq., at Blanchard Law, P.A. is the Debtor's
counsel.


SCOTTS MIRACLE-GRO: Moody's Alters Outlook on Ba2 CFR to Negative
-----------------------------------------------------------------
Moody's Investors Service changed to negative from stable the
outlook for The Scotts Miracle-Gro Company and affirmed the
company's Ba2 Corporate Family Rating, Ba2-PD Probability of
Default Rating and Ba3 senior unsecured note ratings. Moody's also
downgraded the speculative grade liquidity rating to SGL-3 from
SGL-2.

"The change in outlook to negative recognizes the potential stress
on Scotts' credit metrics that spurred the company to reduce
guidance and also amend the financial maintenance covenants in its
recently-closed bank credit facility to provide additional
liquidity runway to navigate these stresses, which include slack
demand, cost inflation, and supply chain challenges," stated
Moody's Vice President/Senior Credit Officer Charlie O'Shea. "There
is potential that these stresses will result in Scott's breaching
its quantitative down grade thresholds and cash flow from
operations will deteriorate. However, Moody's affirmed Scotts
ratings because Moody's believe some of these credit strains are
temporary, that the company will take active steps to mitigated
cost pressures and preserve liquidity, and the company's strong
market position makes it well-positioned overall for a rebound once
the headwinds abate. Management's forecast for $1 billion of free
cash flow to be generated over the next three years and commitment
to reduce leverage to its target 3.0x-3.5x range also indicates a
focus on debt repayment and maintaining credit metrics consistent
with the Ba2 CFR."

The downgrade of the liquidity rating to SGL-3 from SGL-2 reflects
weaker free cash flow and greater reliance on the revolver for the
company's highly seasonal free cash flow, Covenant headroom is good
following the credit agreement amendment, but there is uncertainty
in the economic environment and a continuation of demand and cost
pressures could diminish headroom under the covenants.

Ratings Affirmed:

Issuer: Scotts Miracle-Gro Company (The)

Corporate Family Rating, Affirmed Ba2

Probability of Default Rating, Affirmed Ba2-PD

Senior Unsecured Regular Bond/Debenture, Affirmed Ba3 (LGD5)

Ratings Downgraded:

Issuer: Scotts Miracle-Gro Company (The)

Speculative Grade Liquidity Rating, Downgraded to SGL-3 from
SGL-2

Outlook Actions:

Issuer: Scotts Miracle-Gro Company (The)

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Scotts' Ba2 CFR considers its leading market position within the
fragmented lawn and garden industry, which carries with it myriad
advantages with key retailers. The company's growth strategy in
hydroponics supports the company's credit profile, although it
comes with risks as the cannabis industry is in its early stages,
and this segment is presently feeling the negative effects of
oversupply. The company's commitment to brand support and product
development also enhances its credit profile. Most of Scotts'
products in the Consumer segment are staples, which will typically
provide earnings resilience during an economic downtown, though as
this action reflects, demand is subject to levels of
inflationary-driven reductions in demand. The credit profile
remains constrained by its leverage, which while moderate at 4.1x
at the April 2022 LTM, will be spiking as evidenced by the 6.5x
upper limit of the new amendment.  Ratings are also constrained by
the seasonality of earnings and cash flows, weather dependency and
a highly concentrated customer base. An additional factor is
litigation and brand image risk associated with the weed killer
Roundup.

ENVIRONMENTAL SOCIAL AND GOVERNANCE CONSIDERATIONS

Scotts Miracle-Gro's ESG Credit Impact Score is moderately negative
(CIS-3) with moderately negative risk exposure to environmental,
social and governance factors. The CIS score reflects the company's
exposure and production of consumer lawn & garden fertilizers,
pesticides, and social risks related to responsible production and
waste management. Governance risk is moderately negative,
reflecting the use of leverage and the Hagedorn family's ownership
of 27% of the outstanding shares. ESG attributes have a limited
impact on Scott Miracle-Gro's current rating, with greater
potential for future negative impact.

Scotts Miracle Gro's environment risk is moderately negative, which
reflects the company's exposure to natural capital and waste and
pollution concerns. As a manufacturer of lawn & garden supplies,
Scotts Miracle-Gro, uses fertilizers, pesticides, and other
specialty chemicals to produce its products. Many of the products
that the company manufactures and distributes are subject to local,
state, federal, and foreign laws and regulations related to
environmental matters. Waste and pollution risks relate to negative
effects of the use of its products on ecosystems, and the use of
packaging materials that are not or cannot be recycled. The company
has taken a number of initiatives such as redesigning its packaging
which resulted in a significant reduction in material usage and
establishing a goal to triple the amount of recycled packaging by
2025. The company has reformulated its portfolio of lawn
maintenance products to use less nutrients and protect against run
off. Water and energy usage are also a part of the manufacturing
process and are publicly available as part of the organization's
annual ESG disclosures.

Scotts Miracle-Gro's social risk is moderately negative. Scotts
Miracle-Gro faces responsible production risks because it must
cost-effectively manage a complex supply chain. Changes in the
availability or price of key ingredients can have a negative effect
on profitability and cash flow. The company is also susceptible to
the health and safety risk of its employees as a manufacturer of
products with chemicals. As a manufacturer of lawn & garden
supplies, Scotts Miracle-Gro is exposed to demographic and societal
trends and must invest to ensure products align with changing
consumer preferences.

Scott Miracle Gro's governance risk is moderately negative. The
company's financial strategy is viewed as having moderately
negative governance risk, considering the company's moderate
long-term financial leverage target of 3.0-3.5x. In addition, the
company's board structure and policies have a moderately negative
risk considering the Hagedorn family's ownership of 27% of the
outstanding shares.

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

The negative rating outlook reflects Moody's concerns surrounding
the potential level of deterioration in credit metrics that Scotts
is acknowledging, and the speed with which this negative trend can
be reversed, as well as which financial strategy levers will be
thrown to minimize the potential deterioration.

Given the negative outlook, an upgrade over the next 1-2 years is
unlikely. Over time, ratings could be upgraded if operating
performance improves from recent past levels, with adjusted
debt/EBITDA maintained below 2.5x (outside of seasonal borrowings).
In addition, at least good liquidity must be maintained.

Ratings could be downgraded if Moody's believes the negative
pressures outline by management result in a more permanent
deterioration in credit metrics such that they do not return to
levels more reflective of the Ba2 rating within the next 12-18
months, or if the company's operating initiatives or financial
strategy does not mitigate the credit pressures. Debt-to-EBITDA
above 3.5x (outside of seasonal borrowings) or a deterioration of
liquidity could also lead to a downgrade.

The Scotts Miracle-Gro Company ("Scotts" or "SMG") is a
manufacturer and marketer of consumer lawn care and garden products
as well as hydroponic growing products, primarily in North America
(approximately 91% of sales). The publicly-traded company generated
revenue for the LTM period ended April 1, 2022 of about $4.9
billion.  

The principal methodology used in these ratings was Consumer
Packaged Goods Methodology published in February 2020.


SHREENATH HOLDING: Case Summary & Eight Unsecured Creditors
-----------------------------------------------------------
Debtor: Shreenath Holding LLC
        50 Cragwood Road, Suite 25
        South Plainfield, NJ 07080

Business Description: The Debtor is engaged in activities related
                      to real estate.

Chapter 11 Petition Date: June 15, 2022

Court: United States Bankruptcy Court
       District of New Jersey

Case No.: 22-14886

Debtor's Counsel: David Stevens, Esq.
                  SCURA, WIGFIELD, HEYER, STEVENS & CAMMAROTA LLP
                  1599 Hamburg Turnpike
                  Wayne, NJ 07470
                  Tel: 973-696-8391
                  Email: dstevens@scura.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Parag P. Parikh as member.

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

https://www.pacermonitor.com/view/B4AF4XI/Shreenath_Holding_LLC__njbke-22-14886__0001.0.pdf?mcid=tGE4TAMA


SIMPLY MAC: Closes Eastern Idaho Store After Chapter 7 Filing
-------------------------------------------------------------
Rett Nelson of EastIdahoNews.com reports that customers waiting to
get their Macbook or other Apple products repaired at Simply Mac in
Ammon were surprised to see the store suddenly close last week.

Store Manager Christian Parker tells EastIdahoNews.com the business
closed on Thursday, June 10, 2022, after the company filed for
bankruptcy.

"We had no idea," Parker says. "We got an email on Thursday, June
10, 2022, saying we're closing and that we're not getting paid for
the last three weeks."

A news release dated June 9, 2022 indicates the company filed for
chapter 7 bankruptcy and "will be completely liquidated."

"We have worked hard as a team to grow our company to be North
America's pre-eminent Apple Partner and provide our customers with
transformational experiences that drive long-term loyalty. However,
we could not have possibly foreseen that on December 12, 2019 in
Wuhan, China a worldwide pandemic would start and ultimately cause
us to lay off half our workforce and close many of our stores," the
company says in the news release.

Just two days prior, Parker says he had a conversation with the
market director and learned that 30 out of the 50 locations
throughout Utah and Idaho were still profitable. So the fact that
the company was bankrupt took him by surprise.

He and his team don't believe COVID-19 is the real reason for the
closure. Parker was provided some additional information from upper
management about what's going on, but he is not authorized to talk
about it.

Despite having multiple customer repairs left to complete on
Thursday, Parker was instructed not to open the store. Parker is
now locked out of the store and is unable to get in to return
customers’ devices.

The company is sorting through some details to be able to return
the unrepaired items to patrons. If everything works out, he
anticipates it being resolved within the next week or two.

"If everything goes as planned, we'll reach out to all the
customers. They can either pick up their devices or complete the
repair through us. If there are people who need the device now,
they can reach out to Apple, who is providing items at no cost,"
Parker explains.

The number for Apple customer support is 800-275-2273. Just ask for
a senior adviser and explain that your Mac device was impacted by
the Simply Mac bankruptcy and is locked in the store.

Some customers have reported the Apple support number is not
helpful in resolving the problem and that employees don't even know
about the closure.

"I've been the store leader for a little over a year. One of my
priorities was taking care of customers. Now I have all these
customers I can't take care of. I want to rectify it and help them,
but I’m locked out. It's horrible," says Parker.

There are no other Mac stores in the area, according to Parker, and
many customers rely on its services. But iSource at 76 West 2nd
South, Ste. C in Rexburg is an Apple-certified store. Owner Devin
Dial is looking into opening a store in Idaho Falls in response to
the Simply Mac closure.

Parker is hopeful the Ammon store will reopen soon.

"The closest one is the corporate store in Salt Lake City," he
says. "That's part of the reason this group is looking at
(reopening the Ammon store)."

But until then, Parker says "the situation sucks and there's no
other way to put it."

Simply Mac moved to its current location at 2694 East Sunnyside
Road inside Sandcreek Commons in September 2022. It was previously
located on Hitt Road in the Sagewood Shopping Center.

                        About Simply Mac

Simply Mac Inc. is a premium Apple electronics reseller.

Simply Mac sought Chapter 7 bankruptcy protection due to
pandemic-related financial difficulties.  Simply Mac filed a
Chapter 7 bankruptcy petition (Bankr. D. Utah Case No. 22-bk-22239)
on June 14, 2022.  The Hon. Kevin R Anderson is the case judge.

The Debtor's counsel:

      Steven T. Waterman
      Dorsey & Whitney LLP
      E-mail: waterman.steven@dorsey.com



SM ENERGY: S&P Alters Outlook to Positive, Affirms 'B+' ICR
-----------------------------------------------------------
S&P Global Ratings revised the rating outlook to positive from
stable, and affirmed the 'B+' issuer credit rating on SM Energy
Co., a U.S.-based oil and gas exploration and production (E&P)
company. S&P also affirmed the issue-level ratings on its senior
secured notes at 'BB' and senior unsecured notes at 'BB-'.

The positive outlook reflects S&P views that SM Energy will use
positive free cash flow to reduce debt to reach its long-term net
debt target of $1 billion while keeping shareholder rewards within
cash flows, along with continued successful execution of its Austin
Chalk program.

S&P's outlook revision reflects the company's improved free cash
flow and credit measures under our revised commodity price
assumptions, which should more than support its goal of achieving
net debt of $1 billion, as well as expected growth in proved
developed reserves and production in the Austin Chalk.

Thus far in 2022 the company has redeemed its 5% senior unsecured
notes due 2024 and announced the redemption of its 10% senior
secured notes due 2025. Until it reaches its net debt goals, we
expect the company to prioritize allocating excess cash flow toward
debt reduction before turning toward shareholder rewards. An
overall lower debt burden should support credit quality given the
company's improved ability to handle future commodity price
volatility. S&P now expects FFO to debt will rise well above 100%
while debt to EBITDA decreases below 1.0x over the next two years.
At the same time, it expects SM Energy to generate meaningful free
cash flow over the next two years.

After its overall debt reduction through the second quarter of
2022, the company has a much stronger maturity profile with the
nearest maturity in 2025.

This compares with the steep near-term maturity profile it faced as
oil process plummeted at the beginning of 2020, combined with
limited liquidity and an inability to access the capital markets,
which resulted in some below par debt repurchases.

Thus far, the Austin Chalk has produced results economically in
line with the company's Midland Basin acreage.

While the Austin Chalk has a history of inconsistent results from
other operators, SM Energy has demonstrated strong and more
consistent results from this play over the past year. S&P still
views the play with some caution but note the more recent results
and the company's caution in spending within free operating cash
flow provides a margin of safety as it develops this acreage. In
addition to further absolute debt reduction, an upgrade would
require the company to continue expanding proved developed reserves
and production from the Austin Chalk. S&P view the slightly higher
absolute debt level, historical consistency of the Austin Chalk and
lack of clarity on future shareholder rewards as being an overall
disadvantaged compared with that of peers.

S&P said, "The positive outlook reflects our view that SM Energy
will use positive free cash flow to achieve its long-term net debt
target of $1 billion, while continuing to grow proved developed
reserves and production from the Austin Chalk. We expect debt to
EBITDA will strengthen well below 1.0x while FFO to debt will
remain well above 100% over the next two years. Additionally, we
would expect the company to keep shareholder rewards within cash
flows.

"We could revise the rating back to stable should the company
deviate from its current capital policy of net debt reduction. This
would most likely be driven by a large, debt-funded acquisition
that did not add immediately to cash flow.

"We could raise our rating on SM Energy if it executes on the
remainder of its debt reduction targets while continuing to expand
proved developed reserves and production on its Austin Chalk asset.
Additionally, we would look to have a better understanding of the
company's shareholder reward program, which we expect it will
outline after reaching its debt reduction goals."

ESG credit indicators: E-4, S-2, G-2

Environmental factors are a negative consideration in S&P's rating
analysis on SM Energy as the exploration and production industry
contends with an accelerating energy transition and adoption of
renewable energy sources. S&P believes falling demand for fossil
fuels will lead to lower profitability and returns for the industry
as it fights to retain and regain investors that seek higher return
investments.



SOLTERRA RENEWABLE: Taps Forshey & Prostok as Legal Counsel
-----------------------------------------------------------
Solterra Renewable Technologies, Inc. seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to employ
Forshey & Prostok, LLP to serve as legal counsel in its Chapter 11
case.

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

     Attorneys      $525 per hour
     Paralegals     $185 to $285 per hour

In addition, the firm will seek reimbursement for its out-of-pocket
expenses.

The Debtor paid the firm a retainer of $25,000.

Deirdre Brown, Esq., a partner at Forshey & Prostok, 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:

     Deirdre Brown, Esq.
     Forshey & Prostok LLP
     1990 Post Oak Blvd 2400
     Houston, TX 77056
     Tel: (832) 536-6910
     Email: dbrown@forsheyprostok.com

               About Solterra Renewable Technologies

Solterra Renewable Technologies, Inc. produces and distributes a
thin film quantum dot photovoltaic solar cells.

Solterra Renewable Technologies filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. W.D. Texas Case No.
22-10297) on May 3, 2022, listing up to $500,000 in assets and up
to $1 million in liabilities. Stephen W. Sather serves as
Subchapter V trustee.

Judge Tony M. Davis oversees the case.

Deirdre Carey Brown, Esq., at Hoover Slovacek, LLP is the Debtor's
counsel.


SUMMIT FINANCIAL: Has Deal on Cash Collateral Access Thru Sept 30
-----------------------------------------------------------------
Summit Financial, Inc. and CalPrivate Bank advised the U.S.
Bankruptcy Court for the District of California, Santa Ana
Division, they have reached an agreement regarding the Debtor's use
of cash collateral and now desire to memorialize the terms of this
agreement into an agreed order.

The Debtor borrowed funds from CalPrivate and entered into a loan
and security agreement that, among other things, contained a
provision that purported to grant CalPrivate a security interest in
all personal property of the Debtor. On October 9, 2018, CalPrivate
filed a UCC-1 Financing Statement with the California Secretary of
State. CalPrivate filed a proof of claim in the bankruptcy case,
asserting a secured claim in the amount of $650,033.

On May 17, 2020, the Debtor borrowed funds from the SBA and entered
into a loan and security agreement that, among other things,
contained a provision that purported to grant the SBA a security
interest in all tangible and intangible personal property of the
Debtor. On May 25, 2020, the SBA filed a UCC-1 Financing Statement
with the California Secretary of State. On September 27, 2021, the
SBA also filed a proof of claim in the bankruptcy case, asserting a
$157,505 secured claim.

As a result, CalPrivate holds a first priority lien against the
Debtor's cash collateral, and the SBA holds a second priority lien
against the Debtor's cash collateral.

The parties agree the Debtor may use cash collateral from July 1
through and including September 30, 2022 pursuant to the Revised
Budget and on the same terms and conditions that were approved by
the Court in its Third Cash Collateral Order.

As adequate protection, all secured creditors will receive
replacement liens in assets of the same kind, type, and nature as
the collateral in which the secured creditors held a lien that are
acquired after the Petition Date, and the proceeds thereof, to the
same extent, validity, and priority as any lien held by the secured
creditor in such Assets as of the Petition Date, though all rights
of the Debtor to challenge the extent, validity, and priority of
any asserted lien or liens are reserved.

The Debtor will pay CalPrivate Bank its contractual monthly
payment, which is approximately $8,950 per month.

Beginning in May 2022, the Debtor will pay the SBA its contractual
monthly payment, which is approximately $731 per month.

A copy of the order and the Debtor's budget for the period from
April to June 2022 is available at https://bit.ly/3mNqBRB from
PacerMonitor.com.

The Debtor projects $199,110 in total revenue and $68,310 in total
operating expenses for July 2022.

                   About Summit Financial, Inc.

Summit Financial, Inc., which operates six high-end luxury nail
salons in Southern California, sought Chapter 11 protection (Bankr.
C.D. Cal. Case No. 21-12276) on September 18, 2021.  On the
Petition Date, the Debtor estimated $100,000 to $500,000 in assets
and $1,000,000 to $10,000,000 in liabilities.  The petition was
signed by Hao Tang as chief executive officer.  

The Honorable Scott C. Clarkson presides over the case.  

Arent Fox LLP is the Debtor's counsel.


SVP HOLDINGS: S&P Rates New Secured First-Lien Term Loan 'B-'
-------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level rating and '3'
recovery rating to SVP Holdings LLC's proposed senior secured
first-lien term loan ($140 million). At the same time, S&P assigned
its 'CCC' issue-level rating and '6' recovery rating to the
second-lien term loan ($110 million).

S&P said, "We expect the company will use the proceeds to fund
acquisitions, related fees and expenses, and other corporate
purposes. We view the transaction as consistent with our
expectation of an aggressive inorganic growth strategy while still
generating positive free cash flow. In our recovery analysis, we
think the transaction provides slightly higher recovery to the
first lien tranche primarily due to the greater proportion of
second-lien debt."

Both new term loans will be issued by Southern Veterinary Partners
LLC, which is a subsidiary of SVP Holdings LLC. The '3' recovery
rating indicates our expectation of meaningful (50%-70%; rounded
estimate: 60%) recovery in the event of a payment default. The '6'
recovery rating indicates S&P's expectation of negligible (0%-10%;
rounded estimate: 0%) recovery in the event of a payment default.

S&P said, "Our 'B-' rating on SVP reflects our view of the
company's narrow operating focus in the highly fragmented
veterinary practices market focusing on the southern U.S states. We
expect the company will continue to be acquisitive as part of its
growth strategy and anticipate its leverage will temporarily reach
over 11x in 2022 as its pre-funds acquisitions. We expect its
leverage to decline as its revenue increases, both organically and
through these acquisitions, though we project it will stay above 9x
for the next couple years as the EBITDA from its new acquisitions
start to come in. We also expect the company to generate about $25
million-$35 million of free cash flow in 2022."



SWAP.COM INC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Swap.com, Inc.
          f/d/b/a Netcycler Inc.
        1450 Atlantic Ave.
        Rocky Mount, NC 27801

Business Description: Swap.com, Inc. is an online thrift and
                      consignment store offering pre-owned baby,
                      kid's, maternity, men's and women's apparel
                      and accessories.

Chapter 11 Petition Date: June 16, 2022

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Case No.: 22-01314

Judge: Hon. Joseph N. Callaway

Debtor's Counsel: Jason L. Hendren, Esq.
                  HENDREN, REDWINE & MALONE, PLLC
                  4600 Marriott Drive
                  Suite 150
                  Raleigh, NC 27612
                  Tel: (919) 420-7867
                  Fax: (919) 420-0475
                  Email: jhendren@hendrenmalone.com

Total Assets: $1,223,219

Total Liabilities: $3,654,088

The petition was signed by Gray King as president/chief executive
officer.

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/J753B5Q/Swapcom_Inc__ncebke-22-01314__0001.0.pdf?mcid=tGE4TAMA


TAMARACK VALLEY ENERGY: S&P Affirms 'B' LT ICR, Outlook Stable
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term issuer credit rating
on Calgary, Alta.-based Tamarack Valley Energy Ltd., and its 'B+'
issue-level rating on the company's senior unsecured debt. The '2'
recovery rating on the senior unsecured debt is unchanged.

The stable outlook reflects its expectation that Tamarack Valley
will be able to maintain strong cash flow and leverage metrics
during our 12-month outlook period, with its average two-year
FFO-to-debt ratio projected well above 100% and positive
discretionary cash flow (DCF) to debt.

S&P said, "Rating upside remains contingent on business risk
profile improvement, despite materially stronger projected credit
metrics. Under our current oil and gas price assumptions, we are
now projecting significantly elevated cash flow and leverage
metrics relative to our last review. Specifically, we are
forecasting Tamarack Valley's weighted-average FFO-to-debt ratio
will well exceed 100% during our two-year (2022-2023) forecast
period. Nevertheless, given the company's acquisitive corporate
growth strategy, and the latitude for increasing shareholder
returns under the credit facility's distribution covenant, we could
see future free cash flow allocated to further bolt-on
acquisitions, as well as materially increased shareholder
distributions, rather than prioritizing repaying amounts drawn
under the credit facility, which would result in deterioration of
our projected leverage metrics. In addition, we see ratios
weakening significantly under our long-term price assumptions of
US$50 per barrel (/bbl) West Texas Intermediate (WTI) crude, and
US$2.25 per million British thermal unit (/mmBtu) AECO natural gas,
primarily because of the company's relatively small scale and high
heavy oil exposure, resulting in a high degree of cash flow
volatility with hydrocarbon price fluctuations. Therefore, we
continue to see business risk improvement, primarily through
increased scale, to levels more in line with those of 'B+' rated
peers, as the key catalyst for rating upside."

Product diversification should temper commodity price risk. With
2022 daily average production estimated at about 46,600 barrels of
oil equivalent (boe) per day, Tamarack Valley will be able to
achieve close to 90% production growth since year-end 2019,
primarily through large-scale acquisitions. Although recent
acquisitions will increase the heavy oil in its product mix (to
about 35% in 2022 from about 18% in 2020), the company's product
mix will remain fairly diversified. Furthermore, with natural gas
expected to account for about 25% of the company's daily average
production in 2022, the current strong natural gas price
fundamentals should enhance cash flow generation. Although there is
a significant portion of heavy oil in the product mix, its inherent
price volatility will be tempered by the company's broadly
diversified production base.

S&P said, "Prospective profitability is contingent on the
successful integration of acquired producing assets. Our assessment
of Tamarack Valley's profitability reflects our estimated unhedged
unit-of-production EBIT, and return on capital for our 2020-2024
five-year profitability assessment period. On the strength of our
increased oil and gas price assumptions, both our estimated
unhedged US$3.73 per thousand cubic feet equivalent and 16% return
on capital have increased relative to our earlier estimates;
however, these profitability metrics remain within the midrange of
our global exploration and production (E&P) profitability ranking.
Our assessment of Tamarack Valley's future profitability reflects
both our recently increased hydrocarbon price assumptions in the
forecast years, and the company's expected total cash operating
costs, which incorporate modest inflation. The company's full-year
2021 production and transportation costs were C$10.80 per boe; unit
cash operating costs should decrease in 2022 with the full
integration of the producing assets acquired in 2021. Any deviation
from our base-case operating assumptions could weaken the company's
profitability metrics; however, we expect they should remain in the
midrange of the global peer group ranking.

"The stable outlook reflects our expectation that Tamarack Valley
will be able to maintain strong cash flow and leverage metrics
during our 12-month outlook period, with our average two-year
FFO-to-debt ratio projected well above 100%. In addition, we expect
the company should be able to maintain an adequate liquidity
profile, as we project internal cash flow will exceed its required
capital spending, with incremental free cash flow available to
reduce the drawn amount under its credit facility. Furthermore, we
expect Tamarack Valley will be able to maintain consistent
operating performance and continue generating profitability metrics
ranked in the midrange of the global E&P peer group.

"Assuming its business risk profile does not change, we could lower
the rating if Tamarack Valley's leverage increased materially above
the projections in our base-case scenario, or if liquidity
deteriorated. Specifically, we would lower the rating to 'B-', if
the company's FFO-to-debt ratio fell to the lower end of the
12%-20% range and we expected it would not improve during our
12-month outlook period. As there is meaningful cushion in our
average 2022-2023 FFO-to-debt ratio, we believe there is little
likelihood of a downgrade during the current 12-month outlook
horizon.

"Tamarack Valley would need to strengthen its business risk profile
to support a 'B+' rating. We believe this could occur if the
company is able to expand its operational scale, lessening the cash
flow impact of an unanticipated operational or market event in any
of its producing areas. In addition, if Tamarack Valley can
maintain its profitability in the midrange of the E&P peer group
ranking, and continues adhering to its stated leverage targets, we
believe its FFO-to-debt ratio should remain at least within the
30%-45% range under our long-term oil and gas price assumptions,
which would also be necessary to support a 'B+' rating. For an
upgrade, we would also expect the company to materially reduce
borrowings on its credit facility."

ESG credit indicators: E-4, S-2, G-2

S&P said, "Environmental factors are negative considerations in our
credit rating analysis of Tamarack Valley. S&P Global Ratings'
perception of heightened industry risk for the global oil and gas
industry, underpinned by the risks inherent in the emerging energy
transition, the industry's deteriorated profitability over the past
decade, and a muted growth outlook have collectively contributed to
weaker credit fundamentals for global oil and gas producers.
Canada's lagging preparedness for the energy transition and the
environmental risks inherent in hydrocarbon production influence
our assessment of Tamarack Valley's business risk profile. The
company has publicly committed to reducing its greenhouse gas (GHG)
emissions, and is targeting an overall 39% reduction of its scope
one and two GHG intensity (relative to 2020 levels) by 2025. When
considering social factors, we believe the company's exposure to
social, health, and safety factors is in line with that of the
broader oil and gas upstream industry. Tamarack Valley's diversity,
equity, and inclusion policies include a commitment to increase the
Indigenous representation in its field and administrative workforce
to 6% of its total employee base by 2025."



TILDEN MARCELLUS: Exclusivity Period Extended to Sept. 6
--------------------------------------------------------
Tilden Marcellus, LLC obtained an order from the U.S. Bankruptcy
Court for the Western District of Pennsylvania extending the
periods during which only the company can file a Chapter 11 plan
and solicit acceptances to Sept. 6 and Nov. 1, respectively.

The company will use the extended exclusivity periods to, among
other things, negotiate with creditors and determine the best exit
strategy for its Chapter 11 case, according to its attorney,
Beverly Weiss Manne, Esq., at Tucker Arensberg, PC.

"If [Tilden] pursues and completes confirmation in the time
allotted by this exclusivity extension, it will confirm a plan
approximately six months after the petition date," Ms. Manne said
in court papers.

Judge Gregory Taddonio set a July 21 hearing to consider
confirmation of the Chapter 11 plan of liquidation filed by the
company last week.

The liquidating plan dated June 7 provides for an orderly wind-down
of the company's estate and the distribution of the remaining
proceeds from the sale of its assets to creditors. Under the plan,
general unsecured creditors (whose unpaid claims are estimated at
$7.42 million to $9.14 million) will get 2% to 7.2% of their
claims.

                     About Tilden Marcellus

Tilden Marcellus, LLC is a Texas limited liability oil and gas
production company, which owns and previously operated certain
working interests in more than 27,000 net leasehold acres within
Potter County and Tioga County, Pa., with over 50 wells previously
in production.

Tilden Marcellus sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Penn. Case No. 22-20212) on Feb. 4,
2022. In the petition signed by Jeffrey T. Varsalone, chief
restructuring officer, the Debtor disclosed up to $50 million in
both assets and liabilities.

Judge Gregory L. Taddonio oversees the case.

Morris, Nichols, Arsht and Tunnel, LLP and Tucker Arensberg, PC
serve as the Debtor's lead bankruptcy counsel and local counsel,
respectively. 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
prepetition agent, is represented by Davis Polk & Wardwell LLP and
Bowles Rice, LLP.

On June 7, 2022, the Debtor filed a combined disclosure statement
and plan of liquidation.


TITAN INTERNATIONAL: Moody's Hikes CFR & Senior Secured Bond to B2
------------------------------------------------------------------
Moody's Investors Service upgraded its ratings for Titan
International, Inc., including the company's corporate family
rating to B2 from B3, the probability of default rating to B2-PD
from B3-PD and the senior secured rating to B2 from B3. The outlook
is stable. Moody's also upgraded the Speculative Grade Liquidity
Rating (SGL) to SGL-2 from SGL-3.

The rating upgrade reflects Moody's expectation that favorable
demand growth in Titan's end markets, primarily agricultural
equipment, will support continued strength in the company's credit
metrics into 2023. "Higher production volumes for farm and
construction equipment will support our expectation for Titan to
maintain an adjusted EBITA margin of at least 6.5% and generate
free cash flow to debt of at least 5% in both 2022 and 2023," said
Mike Cavanagh, Moody's AVP-Analyst. "In addition, we believe Titan
has taken appropriate structural changes to its operations over the
last couple of years to position the company to better withstand
the cyclicality that is inherent in its industry."

Upgrades:

Issuer: Titan International, Inc.

Corporate Family Rating, Upgraded to B2 from B3

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

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

Senior Secured Regular Bond/Debenture, Upgraded to B2 (LGD3) from
B3 (LGD3)

Outlook Actions:

Issuer: Titan International, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Titan's ratings reflect the significant volatility in the company's
credit metrics given its exposure to cyclical end markets. Titan's
operating performance is heavily dependent on demand for new farm
and construction equipment and is concentrated with several large
customers, although Titan maintains long-standing relationships as
a key supplier of tires and wheels.

Moody's expects Titan's revenues to increase at least 15% in 2022
as demand for new agricultural and construction equipment remains
strong. The demand for new equipment is supported by aging fleets
of equipment, low inventory levels at dealers, very high farm
commodity prices and healthy balance sheets for farmers. Moody's
believes these tailwinds should support new equipment production
well into 2023.

Titan's earnings have significantly improved as higher production
volumes combined with structural cost saving actions from prior
years have greatly improved Titan's fixed cost absorption across
its manufacturing footprint. Moody's expects Titan to sustain an
adjusted EBITA margin of at least 6.5% in 2022 and 2023, which is a
marked improvement from a negative EBITA margin in 2019 and 2020.

Moody's expects Titan's debt/EBITDA to be slightly under 3x in
2022. At this level, Moody's believes Titan is better positioned to
withstand a cyclical downturn in its end markets. However, Moody's
believes the company could undertake a more aggressive financial
policy over the next twelve months, including increasing
shareholder returns, which could increase debt leverage.

The stable outlook reflects Moody's expectations for Titan to
maintain its improved EBITA margin and generate positive free cash
flow as strong end market demand persists over the next twelve
months.

Titan's SGL-2 speculative grade liquidity rating reflects good
liquidity. Moody's expects Titan to maintain a sufficient cash
balance ($98 million at March 31, 2022) as well as good
availability under its $125 million asset-based (ABL) revolving
credit facility. Moody's expects ABL usage to support seasonal
working capital needs, particularly during the first quarter.

Free cash flow is expected to be at least 5% of total debt in both
2022 and 2023 as higher earnings more than offset ongoing working
capital needs and higher capital expenditures. Despite a cash burn
of $29 million for the twelve months ended March 31, 2022, Titan
has demonstrated improving cash conversion cycle times which
Moody's expect to be maintained going forward.

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

The ratings could be upgraded if Moody's expects Titan to sustain
an EBITA margin in excess of 7%, including during a potential
decline in production volumes. Further, prior to a rating upgrade,
Moody's will consider the company's approach to financial policy,
including the potential for debt-funded acquisitions or shareholder
returns over the next twelve months. In addition, Moody's would
expect debt/EBITDA to be maintained below 4x in order to contend
with cyclical downturns in Titan's end markets.

The ratings could be downgraded if Titan's EBITA margin falls below
4%, for example through a softening in end market demand or
inability to effectively manage higher input costs. The ratings
could also be downgraded if Titan engages in a more aggressive
financial policy of debt-funded acquisitions or shareholder returns
that result in debt/EBITDA above 5.5x. Further, a weakening of
liquidity, including an inability to generate positive free cash
flow, could pressure the ratings.

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

Headquartered in West Chicago, Illinois, Titan (NYSE: TWI) is a
manufacturer of wheels, tires, assemblies and undercarriage
products for off-highway vehicles. The company serves end markets
in the agricultural, earthmoving/construction, and consumer
industries. Titan sells its products directly to OEMs as well as in
the aftermarket through independent distributors, equipment dealers
and distributions centers. The company produces tires primarily
under the Titan and Goodyear brand names. For the twelve months
ended March 31, 2022, Titan reported revenue of about $1.9 billion.



TOWNE & TERRACE: Unsecureds to be Paid in Full in Subchapter V Plan
-------------------------------------------------------------------
Towne & Terrace Corp. submitted an Amended Subchapter V Plan of
Reorganization dated June 13, 2022.

Since the commencement of the Bankruptcy Case, the Debtor has
continued to operate in the ordinary course of business, collecting
assessments and maintaining the Common Area.

During the Bankruptcy Case, the Williams Estate filed a proof of
claim in the amount of $2,000,000.  The Debtor filed an objection
to that Claim, and also filed a Motion for Summary Judgment.  Since
that time, the Debtor and the representative of the Williams Estate
have engaged in discussions and have settled the Claim of the
Williams Estate. Pursuant to that settlement, the Claim will be
compromised and paid pursuant to the Plan.

During the Bankruptcy Case, the Debtor removed the City Litigation
from the state court to the Bankruptcy Court pursuant to 28 U.S.C.
Sec. 1452 and Rule 9027 of the Bankruptcy Rules. While the Debtor
and the City have attempted to resolve the issues related to that
litigation, they have been unable to do so. Accordingly, the Plan
will provide for the pursuit and resolution of the City Litigation
after Confirmation.

All Allowed Claims will be satisfied in full at Confirmation,
unless the Holder of an Allowed Claim agrees to different treatment
or the Plan provides otherwise, and the Plan will terminate once
all Allowed Claims are satisfied in full. Accordingly, the Plan
satisfies the requirement of Section 1190(2) that the Plan provide
for the submission of all or such portion of the future earnings or
other future income of the Debtor to the supervision and control of
the trustee as is necessary for the execution of the Plan. Plan
distributions will be made directly by the Debtor with oversight by
the Subchapter V trustee.

Class 1 consists of the Allowed unsecured Claim of the Williams
Estate. During the Bankruptcy Case, the Williams Estate filed proof
of claim no. 1 in the amount of $2,000,000 asserting an unsecured
claim for wrongful death. Since the Petition Date, the Debtor and
the representative of the Williams Estate have engaged in
settlement discussions and have agreed to compromise the Claim as
part of the Plan.

Pursuant to that settlement, the Claim of the Williams Estate will
be Allowed in the amount of $10,000 and will be paid in full within
30 days of Confirmation, at which time any claims and causes of
action the Williams Estate may have against the Debtor will be
deemed satisfied and released and the Williams Estate and the
Debtor will execute and file any documents necessary to dismiss
with prejudice any and all claims and causes of action the Williams
Estate may have against the Debtor. Class 1 is unimpaired.

Class 2 consists of the Allowed unsecured Claim of the City of
Indianapolis in the amount of $52,010.84. The City's Allowed Class
2 Claim will be satisfied in full at Confirmation by exercise of
the Debtor's rights of setoff and/or recoupment. The exercise of
this right will serve to reduce the amount of the final
adjudication of the Debtor's claims against the City in the City
Litigation (whether through judgment, settlement, or otherwise).
Class 2 is unimpaired.

Class 3 consists of Allowed general unsecured Claims other than the
Allowed Class 1 Claim of the Williams Estate and the Allowed Class
2 Claim of the City. Based on the Debtor's claims analysis, the
total amount of Allowed Class 3 Claims is $1,500, and is comprised
only of the unpaid prepetition legal fees of the Debtor's in-house
counsel. Allowed Class 3 Claims will be paid in full within 30 days
of Confirmation unless the Debtor and the Holder of such Claim
agree to different treatment under the Plan. Class 3 is
unimpaired.

Class 4 consists of the Interests of owners of residential units in
the Towne & Terrace Development that are subject to the Covenants,
each of whom is a member of the Debtor and has certain rights and
obligations under the Covenants which are unaltered by the Plan.
None of the Debtor's members will receive a monetary distribution
under the Plan solely on account of their Interest in the Debtor,
and will continue to hold the same rights and interests as members
of the Debtor after Confirmation as existed prior to the Petition
Date.

Under the Plan, each Allowed Claim will be satisfied in full,
either through payment or the exercise of setoff and/or recoupment
rights.

Funds to make all payments under the Plan will be generated through
the Debtor's cash on hand at Confirmation and through ongoing
operations, including the collection of current and future
assessments from its members, and the collection of past due
assessments through informal collection efforts and litigation.

A full-text copy of the Amended Subchapter V Plan dated June 13,
2022, is available at https://bit.ly/3tDgpPq from PacerMonitor.com
at no charge.

Counsel for Towne & Terrace:

     Andrew T. Kight, Esq.
     Jacobson Hile Kight LLC
     108 E. 9th Street
     Indianapolis, IN 46202
     Tel: (317) 608-1130
     Email: akight@jhklegal.com

                  About Towne & Terrace Corp.

Indianapolis-based Towne & Terrace Corp. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ind. Case No.
21-02161) on May 12, 2021.  Towne & Terrace President Josh
McDermott signed the petition.  In its petition, the Debtor
disclosed assets of $1,599,365 and liabilities of $59,594.  Judge
James M. Carr oversees the case.  Jacobson Hile Kight LLC is the
Debtor's legal counsel.


TPC GROUP: Says Bayside, Cerberus Bond Lawsuit Falls Short
----------------------------------------------------------
Becky Yerak of the Wall Street Journal reports that chemical maker
TPC Group Inc. asked a bankruptcy court to find that investment
firms Cerberus Capital Management LP and Bayside Capital Inc. can't
pursue litigation against the claims of other bondholders, saying
that a combined 10% stake in a $930 million bond is too small to
give the minority holders the right to sue.

TPC asked to throw out a lawsuit alleging that roughly $205 million
in bonds held by other company investors doesn't deserve to rank
senior to Bayside and Cerberus.

In June 2, 2022, Bayside and Cerberus commenced in Bankruptcy Court
an adversary proceeding, by filing their Complaint for Declaratory
Judgment , solely against TPC Group.  The Complaint seeks
declaratory relief concerning, inter alia, the issuance by TPC in
August 2019 of $930 million in principal amount of senior secured
notes, which were subject to a 10.5% interest rate, and the
subsequent issuance in 2021 and 2022 of approximately $204.5
million in principal of new notes, which were subject to a 10.875%
interest rate.  In the Complaint, Plaintiffs allege, inter alia,
that the indenture governing the 10.5% Notes was breached by TPC
and that, accordingly, the 10.875% Notes are not senior in priority
to the 10.5% Notes.

"Notwithstanding the Original Indenture's unanimous consent
requirements for
changes dealing with the application of proceeds of collateral in a
manner adverse to the Senior Noteholders, TPC did not obtain the
consent of each Senior Noteholder before implementing these
changes.  Thus, the issuance of both the Supplemental Indenture and
the 2021 Intercreditor Agreement breached the Original Indenture,"
Cerberus and Bayside said in court filings.

Cerberus and Bayside, together, are beneficial holders of less than
10% of the 10.5% Notes.  Meanwhile, the members of the Ad Hoc
Noteholder Group hold approximately 80% of the principal amount of
the outstanding 10.5% Notes, in the aggregate and approximately 92%
of the principal amount of the outstanding 10.875% Notes, in the
aggregate.

Members of the Ad Hoc Noteholder Group -- led by Strategic Value
and its allies, including Redwood Capital Management and Monarch
Alternative Capital -- are backing a restructuring deal that would
eliminate from TPC Group's balance sheet over $950 million of the
Company's approximately $1.3 billion of secured funded debt.
Bayside and Cerberus are not supportive of the present Plan and
have formed an Ad Hoc Group of Non-Consenting Noteholders.

                         About TPC Group

TPC Group, headquartered in Houston, is a producer of value-added
products derived from petrochemical raw materials such as C4
hydrocarbons, and provider of critical infrastructure and logistics
services along the Gulf Coast. The Company sells its products into
a wide range of performance, specialty and intermediate markets,
including synthetic rubber, fuels, lubricant additives, plastics
and surfactants. With an operating history of more than 75 years,
TPC Group has a manufacturing facility in the industrial corridor
adjacent to the Houston Ship Channel and operates product terminals
in Port Neches, Texas and Lake Charles, Louisiana.

TPC Group Inc. and its subsidiaries sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 22-10493) on June 1, 2022.  TPC Group
estimated assets and debt of $1 billion to $10 billion to $10
billion.

The Hon. Craig T. Goldblatt is the case judge.

Baker Botts L.L.P. is the Debtors' counsel; Morris, Nichols, Arsht
& Tunnell LLP is the co-counsel; Moelis & Company LLC is the
investment banker; and FTI Consulting is the financial advisor.
Simpson Thacher & Bartlett LLP is the special finance counsel.
Kroll Restructuring Administration is the claims agent.

Eclipse Business Capital LLC is advised by Goldberg Kohn Ltd.

Paul Hastings LLP, and Stroock & Stroock & Lavan LLP are serving as
counsel to the Ad Hoc Noteholder Group that supports the Debtors'
restructuring. Evercore Group L.L.C., is the Group's financial
advisor. Young Conaway Stargatt & Taylor, LLP is local counsel to
the Ad Hoc Noteholder Group. The Supporting Noteholders are funds
controlled by FIG LLC and Fortress Capital Finance III(A)LLC,
Monarch Alternative Capital LP., PGIM Inc., Redwood Capital
Management LLC, and Strategic Value Partners LLC.  

Milbank LLP, and Pachulski, Stang, Ziehl & Jones are serving as
counsel to an Ad Hoc Group of Non-Consenting Noteholders, led by
Bayside Capital, Inc., and Cerberus Capital Management, L.P.


TPC GROUP: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------
The U.S. Trustee for Region 3 on June 14 appointed an official
committee to represent unsecured creditors in the Chapter 11 cases
of TPC Group, Inc. and its affiliates.

The committee members are:

     1. Chevron Phillips Chemical Company LP
        Attn: Antonio Cardenas
        10001 Six Pines Drive
        The Woodlands, TX 77380
        Phone: 832-813-1850
        Email: cardan@cpchem.com

     2. Sasol Chemicals North America LLC
        Attn: Rolf Rehquate
        1210 Wickchester Lane
        Houston, TX 77079
        Phone: 281-588-3235
        Email: rolf.rehquate@us.sasol.com

     3. Farmers Insurance
        Attn: Jonathan Hart
        15700 Long Vista Dr.
        Austin, TX 78728
        Phone: 512-445-4151
        Email: jonathan.hart@farmersinsurance.com

     4. Amber Harms
        c/o Mitchell Toups
        P.O. Box 350
        Beaumont, TX 77704
        Phone: 409-832-1800
        Email: matoups@wgttlaw.com

     5. Emily Teasley
        c/o Darren Brown
        350 Pine Street, Suite 1100
        Beaumont, TX 77701
        Phone: 409-835-6000
        Email: dbrown@pulf.com

     6. Suzanne Williamson
        c/o Jane Leger
        350 Pine Street, Suite 1440
        Beaumont, TX 77701
        Phone: 409-832-9700
        Email: jleger@thefergusonlawfirm.com.

     7. Chris Johnson
        c/o Troy O’Brien
        1117 Herkimer Street
        Houston, TX 77008
        Phone: 713-221-8300
        Email: troy@fbtrial.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                          About TPC Group

TPC Group, headquartered in Houston, is a producer of value-added
products derived from petrochemical raw materials such as C4
hydrocarbons, and provider of critical infrastructure and logistics
services along the Gulf Coast.  The company sells its products into
a wide range of performance, specialty and intermediate markets,
including synthetic rubber, fuels, lubricant additives, plastics
and surfactants. With an operating history of more than 75 years,
TPC Group has a manufacturing facility in the industrial corridor
adjacent to the Houston Ship Channel and operates product terminals
in Port Neches, Texas and Lake Charles, La.

TPC Group and its affiliates sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 22-10493) on June 1, 2022.  TPC Group
estimated assets and debt of $1 billion to $10 billion.

The Hon. Craig T. Goldblatt is the case judge.

The Debtors tapped Baker Botts LLP and Morris, Nichols, Arsht &
Tunnell LLP as bankruptcy counsels; Simpson Thacher & Bartlett, LLP
as special finance counsel; Moelis & Company, LLC as investment
banker; and FTI Consulting as financial advisor. Kroll
Restructuring Administration is the claims agent.

The Supporting Noteholders are advised by Paul Hastings, LLP and
Evercore.

Eclipse Business Capital, LLC is advised by Goldberg Kohn Ltd.


TUMBLEWEED TINY HOUSE: Gets Cash Collateral Access Thru June 30
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado authorized
Tumbleweed Tiny House Company, Inc. to use cash collateral for the
period from January 1 through June 30, 2022.

The Debtor and Janine Sagert have reached an agreement regarding
the terms and conditions for the Debtor's use of cash collateral.

As adequate protection for the Debtor's use of cash collateral,
Sagert is granted a replacement lien and security interest upon the
Debtor's post-petition assets with the same priority and validity
as Sagert's pre-petition liens.  To the extent the Adequate
Protection Liens prove to be insufficient, Sagert will be granted
superpriority administrative expense claims under section 507(b) of
the Bankruptcy Code.

To the extent that the Adequate Protection Liens prove to be
insufficient, Sagert will be granted superpriority administrative
expense claims under section 507(b) of the Bankruptcy Code.

In addition, the Debtor will pay Sagert $1,000 per month by the
last day of each month beginning on January 1 through June 30,
2022, unless the payment schedule is modified by a confirmed plan
of reorganization.

A copy of stipulated order is available for free at
https://bit.ly/3tEb3Up from PacerMonitor.com.

                About Tumbleweed Tiny House Company

Tumbleweed Tiny House Company, Inc., a manufacturer of tiny house
RVs, sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Colo. Case No. 20-11564) on March 4, 2020. At the time
of filing, the Debtor estimated between $500,000 and $1 million in
assets and between $1 million and $10 million in liabilities.

Judge Kimberley H. Tyson oversees the case.

Wadsworth Garber Warner Conrardy, P.C., and Gerard Fox Law, P.C.,
serve as the Debtor's bankruptcy counsel and special counsel,
respectively. Stockman Kast Ryan + Company is the Debtor's
accountant.


VERTEX ENERGY: Richard Jacinto II Lowers Equity Stake to 3.9%
-------------------------------------------------------------
Richard Jacinto II disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of May 18, 2022, he
beneficially owns 2,500,000 shares of common stock of Vertex
Energy, Inc., representing 3.9 percent based on 64,580,984 shares
of common stock of the Issuer outstanding as of May 9, 2022.  A
full-text copy of the regulatory filing is available for free at:

https://www.sec.gov/Archives/edgar/data/890447/000119312522172075/d336130dsc13ga.htm

                          About Vertex Energy

Houston-based Vertex Energy, Inc. is an energy transition company
focused on the production and distribution of conventional and
alternative fuels.  Vertex owns a refinery in Mobile (AL) with an
operable refining capacity of 75,000 barrels per day and more than
3.2 million barrels of product storage, positioning it as a leading
supplier of fuels in the region.  Vertex is also a processor of
used motor oil, with operations located in Houston and Port Arthur
(TX), Marrero (LA), and Columbus (OH).  Vertex also owns a
facility, Myrtle Grove, located on a 41-acre industrial complex
along the Gulf Coast in Belle Chasse, LA, with existing
hydroprocessing and plant infrastructure assets, that include nine
million gallons of storage.

Vertex Energy reported a net loss of $7.66 million for the year
ended Dec. 31, 2021, a net loss of $11.40 million for the year
ended Dec. 31, 2020, and a net loss of $5.49 million for the year
ended Dec. 31, 2019.  As of Dec. 31, 2021, the Company had $266.06
million in total assets, $192.55 million in total liabilities,
$43.45 million in total temporary equity, and $30.07 million in
total equity.


VOYAGEUR ACADEMY: S&P Raises 2011 Revenue Bonds Rating to 'B+'
--------------------------------------------------------------
S&P Global Ratings raised its long-term rating on Michigan Finance
Authority's series 2011 public school academy limited obligation
revenue bonds, issued for Voyageur Academy (Voyageur Consortium,
the school, or academy), to 'B+' from 'B'. The outlook is
positive.

The upgrade and positive outlook reflect S&P's view of the school's
continued trend of improved financial performance over the past few
audited years, which it expects to continue and would likely
support a higher rating over the outlook.



VTV THERAPEUTICS: G42, Tahnoon Bin Hold 13.4% of Class A Shares
---------------------------------------------------------------
G42 Investments AI Holding RSC Ltd and Tahnoon Bin Zayed S.
Al-Nahyan disclosed in a Schedule 13D filed with the Securities and
Exchange Commission that as of May 31, 2022, they beneficially own
10,386,274 shares of Class A Common Stock, par value $0.01 per
share, of vTv Therapeutics Inc., representing 13.4 percent of the
shares outstanding.

HH Sheikh Tahnoon Bin Zayed S. Al-Nahyan is the ultimate beneficial
owner of Royal Group.  Royal Group is the majority shareholder of
Group 42.  G42 Investments is a wholly-owned subsidiary of Group
42. HH Sheikh Tahnoon Bin Zayed S. Al-Nahyan exercises sole
dispositive and voting control of the Common Stock and is the
ultimate beneficial owner of the shares of Common Stock.

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

https://www.sec.gov/Archives/edgar/data/1641489/000110465922070134/tm2218155d2_sc13d.htm

                       About vTv Therapeutics

vTv Therapeutics Inc. is a clinical-stage biopharmaceutical company
focused on developing oral small molecule drug candidates.  vTv has
a pipeline of clinical drug candidates led by programs for the
treatment of type 1 diabetes, Alzheimer's disease, and inflammatory
disorders.  vTv's development partners are pursuing additional
indications in type 2 diabetes, chronic obstructive pulmonary
disease (COPD), and genetic mitochondrial diseases.

vTv Therapeutics reported a net loss attributable to the company of
$12.99 million for the year ended Dec. 31, 2021, a net loss
attributable to the company of $8.50 million for the year ended
Dec. 31, 2020, and a net loss attributable to the company of $13.04
million for the year ended Dec. 31, 2019.  As of March 31, 2022,
the Company had $20.19 million in total assets, $13.91 million in
total liabilities, $14.37 million in redeemable noncontrolling
interest, and a total stockholders' deficit attributable to the
company of $8.09 million.

Raleigh, North Carolina-based Ernst & Young LLP, the Company's
auditor since 2000, issued a "going concern" qualification in its
report dated March 29, 2022, citing that the Company has not
generated any product revenue, has not achieved profitable
operations, has insufficient liquidity to sustain operations and
has stated that substantial doubt exists about the Company's
ability to continue as a going concern.


ZOHAR FUNDS: Squabbles With Tilton Over Appointment of Stila Manage
-------------------------------------------------------------------
Leslie A. Pappas of Law360 reports that a bankrupt fund battling
with distressed debt maven Lynn Tilton over cosmetics company Stila
Styles LLC is now asking Delaware's Chancery Court to clarify a May
31, 2022 ruling over who has the right to appoint Stila's manager
-- a request Tilton denounced Tuesday, June 14, 2022, as a
disguised motion for reargument.

In a motion on Monday, June 13, 2022, Zohar III Ltd. asserted that
the May 31 opinion from Vice Chancellor Joseph R. Slights III gave
Zohar the right to appoint former bankruptcy judge Kevin Carey as
manager of the cosmetics company, but Tilton disagrees and is
refusing to hand over control.

                       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.




ZZ HOME CARE: Taps Hendren Redwine & Malone as Bankruptcy Counsel
-----------------------------------------------------------------
ZZ Home Care, LLC seeks approval from the U.S. Bankruptcy Court for
the Middle District of North Carolina to employ Hendren Redwine &
Malone, PLLC to serve as legal counsel in its Chapter 11 case.

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

The firm received from the Debtor the amount of $27,500.

Rebecca Redwine, Esq., a partner at Hendren Redwine & Malone,
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:

     Rebecca F. Redwine, Esq.
     Hendren Redwine & Malone, PLLC
     4600 Marriott Drive, Suite 150
     Raleigh, NC 27612
     Tel: (919) 420-7867
     Email: rredwine@hendrenmalone.com

                         About ZZ Home Care

ZZ Home Care, LLC owns a home health care business based in
Burlington, N.C., with a satellite office in Asheville, N.C.

ZZ Home Care sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D.N.C. Case No. 22-10281) on May 31,
2022. In the petition signed by Michael Zurilla, member manager,
the Debtor disclosed up to $500,000 in assets and up to $10 million
in liabilities.

Judge Lena Mansori James oversees the case.

Rebecca F. Redwine, Esq., at Hendren, Redwine & Malone, PLLC is the
Debtor's counsel.


[*] U.S. House Advances Bill to Help Small Firms During Bankruptcy
------------------------------------------------------------------
David Kovaleski of Financial Regulation News reports that the U.S.
House of Representatives passed a bill to extend a provision within
the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
that establishes streamlined bankruptcy procedures for small
businesses.

The Small Business Reorganization Act in 2019 has already passed in
the Senate, so now it moves to President Joe Biden's desk to be
signed into law.

The CARES Act temporarily allowed more small businesses to qualify
for those streamlined procedures by increasing the upper debt limit
from $2.7 million to $7.5 million.  However, that increase expired
on March 27, 2022.

This bill would provide a two-year extension to the CARES Act
increase to $7.5 million. Further, it would increase the debt limit
for individuals to qualify for Chapter 13 bankruptcy for two years,
allowing more individuals the opportunity to try to save their
homes from foreclosure. This is particularly important now with
rising home prices and exploding student loan debt, which could
push more people over the debt limit to qualify for Chapter 13
bankruptcy.

"This is a win for the small businesses and working families trying
to regain their financial footing after a difficult few years,"
U.S. Sen. Sheldon Whitehouse (D-RI) said. "We need to do everything
we can to help Americans recover from the pandemic and the economic
turmoil it triggered. That's why I'm glad our bipartisan bill will
soon be the law of the land."

Whitehouse was one of several senators who praised the House for
passing this bill that originated in the Senate. Whitehouse was the
lead sponsor of the bill along with U.S. Sen. Chuck Grassley
(R-IA).

"Small businesses that fall on hard times should not face a
mountain of paperwork designed for major corporations in order to
reorganize and continue operating. Senator Whitehouse and I passed
the Small Business Reorganization Act in 2019 to streamline and
eliminate barriers in the bankruptcy process for small businesses.?
In a broadly bipartisan manner, Congress has acted to build on the
success of this policy to help more small businesses stay afloat
– especially in the face of challenging economic headwinds,"
Grassley said.

U.S. Sens. Dick Durbin (D-IL) and John Cornyn (R-TX), who served as
bill cosponsors, also applauded the passage of legislation.

"American families and small businesses facing economic hardship
need Congress's help," Durbin said. "Our bipartisan legislation
will provide small businesses and families with more flexibility to
navigate the bankruptcy system and get back on their feet."


[^] BOOK REVIEW: Hospitals, Health and People
---------------------------------------------
Author: Albert W. Snoke, M.D.
Publisher: Beard Books
Softcover: 232 pages
List Price: $34.95
Order your personal copy today at
http://www.beardbooks.com/beardbooks/hospitals_health_and_people.html

Hospitals, Health and People is an interesting and very readable
account of the career of a hospital administrator and physician
from the 1930's through the 1980's, the formative years of today's
health care system. Although much has changed in hospital
administration and health care since the book was first published
in 1987, Dr. Snoke's discussion of the evolution of the modern
hospital provides a unique and very valuable perspective for
readers who wish to better understand the forces at work in our
current health care system.

The first half of Hospitals, Health and People is devoted to the
functional parts of the hospital system, as observed by Dr. Snoke
between the late 1930's through 1969, when he served first as
assistant director of the Strong Memorial Hospital in Rochester,
New York, and then as the director of the Grace-New Haven Hospital
in Connecticut. In these first chapters, Dr. Snoke examines the
evolution and institutionalization of a number of aspects of the
hospital system, including the financial and community
responsibilities of the hospital administrator, education and
training in hospital administration, the role of the governing
board of a hospital, the dynamics between the hospital
administrator and the medical staff, and the unique role of the
teaching hospital.

The importance of Hospitals, Health and People for today's readers
is due in large part to the author's pivotal role in creating the
modern-day hospital. Dr. Snoke and others in similar positions
played a large part in advocating or forcing change in our hospital
system, particularly in recognizing the importance of the nursing
profession and the contributions of non-physician professionals,
such as psychologists, hearing and speech specialists, and social
workers, to the overall care of the patient. Throughout the first
chapters, there are also many observations on the factors that are
contributing to today's cost of care. Malpractice is just one
example. According to Dr. Snoke, "malpractice premiums were
negligible in the 1950's and 1960's. In 1970, Yale-New Haven's
annual malpractice premiums had mounted to about $150,000." By the
time of the first publication of the book, the hospital's premiums
were costing about $10 million a year.

In the second half of Hospitals, Health and People, Dr. Snoke
addresses the national health care system as we've come to know it,
including insurance and cost containment; the role of the
government in health care; health care for the elderly; home health
care; and the changing role of ethics in health care. It is
particularly interesting to note the role that Senator Wilbur Mills
from Arkansas played in the allocation of costs of hospital-based
specialty components under Part B rather than Part A of the
Medicare bill. Dr. Snoke comments: "This was considered a great
victory by the hospital-based specialists. I was disappointed
because I knew it would cause confusion in working relationships
between hospitals and specialists and among patients covered by
Medicare. I was also concerned about potential cost increases. My
fears were realized. Not only have health costs increased in
certain areas more than anticipated, but confusion is rampant among
the elderly patients and their families, as well as in hospital
business offices and among physicians' secretaries." This aspect of
Medicare caused such confusion that Congress amended Medicare in
1967 to provide that the professional components of radiological
and pathological in-hospital services be reimbursed as if they were
hospital services under Part A rather than part of the co-payment
provisions of Part B.

At the start of his book, Dr. Snoke refers to a small statue,
Discharged Cured, which was given to him in the late 1940's by a
fellow physician, Dr. Jack Masur. Dr. Snoke explains the
significance the statue held for him throughout his professional
career by quoting from an article by Dr. Masur: "The whole question
of the responsibility of the physician, of the hospital, of the
health agency, brings vividly to mind a small statue which I saw a
great many years ago.it is a pathetic little figure of a man, coat
collar turned up and shoulders hunched against the chill winds,
clutching his belongings in a paper bag-shaking, tremulous,
discouraged. He's clearly unfit for work-no employer would dare to
take a chance on hiring him. You know that he will need much more
help before he can face the world with shoulders back and
confidence in himself. The statuette epitomizes the task of medical
rehabilitation: to bridge the gap between the sick and a job."

It is clear that Dr. Snoke devoted his life to exactly that
purpose. Although there is much to criticize in our current
healthcare system, the wellness concept that we expect and accept
today as part of our medical care was almost nonexistent when Dr.
Snoke began his career in the 1930's. Throughout his 50 years in
hospital administration, Dr. Snoke frequently had to focus on the
big picture and the bottom line. He never forgot the importance of
Discharged Cured, however, and his book provides us with a great
appreciation of how compassionate administrators such as Dr. Snoke
have contributed to the state of patient care today.

Albert Waldo Snoke was director of the Grace-New Haven Hospital in
New Haven, Connecticut from 1946 until 1969. In New Haven, Dr.
Snoke also taught hospital administration at Yale University and
oversaw the development of the Yale-New Haven Hospital, serving as
its executive director from 1965-1968. From 1969-1973, Dr. Snoke
worked in Illinois as coordinator of health services in the Office
of the Governor and later as acting executive director of the
Illinois Comprehensive State Health Planning Agency. Dr. Snoke died
in April 1988.



                            *********

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.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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