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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, August 26, 2022, Vol. 26, No. 237

                            Headlines

A&V HOLDINGS: S&P Affirms 'B' ICR, Raises Debt Rating to 'B+'
AEARO TECHNOLOGIES: Veterans Angry at 3M's Earplug Suits Tactics
AIKIDO PHARMA: Board Rejects Shalom Auerbach's Acquisition Offer
AMERICAN TRAILER: Proposed Divestiture No Impact on Moody's B3 CFR
AMERICANN INC: Posts $163K Net Income in Third Quarter

ANDOVER SENIOR CARE: Amended Plan Due Oct. 15
ANGI GROUP: Moody's Lowers CFR to B1 & Alters Outlook to Negative
ARCH RESOURCES: S&P Upgrades ICR to 'B', Outlook Positive
ARTERA SERVICES: S&P Downgrades ICR to 'CCC+', Outlook Stable
ARTHUR GROOM: Unsecureds Will Get 30% of Claims in 60 Months

BBC GROUP NV: Unsecured Creditors to Split $82,000 Under Plan
BEAR MOUNTAIN: S&P Assigns BB- (sf) Rating on Class E Notes
BED BATH & BEYOND: Nears $375 Mil. Loan Deal With Sixth Street
BERWICK CLINIC: Seeks to Hire a Bankruptcy Counsel
BLUE DOLPHIN: Posts $13.4 Million Net Income in Second Quarter

BLUE STAR: Posts $1.4 Million Net Loss in Second Quarter
BOY SCOUTS: Bankruptcy Case Exposes Split on Liability Releases
BOY SCOUTS: Insurers Likely to Appeal Bankruptcy Plan Approval
BW HOMECARE: S&P Lowers ICR to 'CCC-' on Deteriorating Liquidity
CAMERON MUTUAL: A.M. Best Cuts LongTerm ICR to 'bb'

CARESTREAM HEALTH: Moody's Lowers CFR to Caa3 Amid Ch. 11 Filing
CBAK ENERGY: Posts $1 Million Net Income in Second Quarter
CELSIUS NETWORK: CEO Mashinsky Needs to Be Transparent, Says Lawner
CELSIUS NETWORK: Spent $40M on Mining on 1st 2 Weeks of Bankruptcy
CELTIC PIG: Seeks to Hire Goldberg Simpson as Bankruptcy Counsel

COAL NETWORK: Seeks Interim Cash Collateral Access
COSMOS HOLDINGS: Incurs $1.2 Million Net Loss in Second Quarter
COTTAGE GROVE: Taps Property Manager From Mt. View Real Estate
CRYPTO CO: Incurs $1.9 Million Net Loss in Second Quarter
CUREPOINT LLC: Cancer Center Files Subchapter V Case

DELEK US: Moody's Affirms 'Ba3' CFR, Outlook Remains Stable
EAST COAST CONSTRUCTION: Proposed Confirmation Order Due Sept. 15
EASTGATE WHITEHOUSE: Files Bare-Bones Chapter 11 Petition
ECTOR COUNTY: NRG Unit's Move to Pursue Insider Claims Denied
ENDO INT'L: Unit Asks Court to Stop Drug License Deal Termination

ENTERPRISE CHARTER: Fitch Affirms 'CCC' LongTerm IDR
EQUANIMITY BEHAVIORAL: Updates Unsecured Claims Pay Details
ESCADA AMERICA: 717 GFC Steps Down as Committee Member
FIRST TO THE FINISH: Seeks Chapter 11 Bankruptcy
FROZEN ASSETS: Seeks to Hire Weissberg and Associates as Counsel

GA REAL ESTATE: Seeks to Hire Dexter Redding as Accountant
GENAPSYS INC: Shareholders Break-Up Fee Bidding Protection Denied
GLOBAL ALLIANCE: Wins Cash Collateral Access Thru Sept 2
HIGH WIRE: Posts $5.4 Million Net Income in Second Quarter
HOPE TRUCKER: Seeks to Hire Vivona Pandurangi as Legal Counsel

IDAHO HEALTH: Seeks to Hire Johnson May as Bankruptcy Counsel
IDE REAL ESTATE: Court Confirms Second Amended Plan
INTERNATIONAL LAND: Posts $1.9 Million Net Loss in Second Quarter
INVO BIOSCIENCE: Incurs $2.8 Million Net Loss in Second Quarter
IRONSIDE LLC: Court  Confirms Lubchem Plan

JAGUAR DISTRIBUTION: Liquidating Trustee Taps Greenspoon as Counsel
JAGUAR HEALTH: Gets 180-Day Extension to Regain Nasdaq Compliance
JUST BELIEVE: Affiliate Taps Kelley Fulton Kaplan as Legal Counsel
KALBARRI AUSTRALIA: Voluntary Chapter 11 Case Summary
KINGSTON LLC: Seeks to Hire Keller Williams Realty as Broker

LANGSTON CONSTRUCTION: Taps S. E. Cowen as Bankruptcy Counsel
LOADCRAFT INDUSTRIES: Sept. 12 Hearing on Disclosure Statement
LUCKY STAR-DEER: Unsecureds to Recover 10% in 41-60 Main's Plan
MDWERKS INC: Delays Filing of Second Quarter Form 10-Q
MENACHEM LAND: Case Summary & Two Unsecured Creditors

MINESEN COMPANY: Taps Schlissel & Associates as Tax Advisor
NERAM GROUP: Files Amendment to Discloures; Plan Hearing Nov. 16
NEUMEDICINES INC: Class 5 Unsecureds Owed $2.5M to Get Up to 100%
NP LEHI LLC: Files Bare-Bones Chapter 11 Petition
PACKERS HOLDINGS: Fitch Alters Outlook on 'B-' IDR to Negative

PANBELA THERAPEUTICS: Incurs $22.1M Net Loss in Second Quarter
PARETEUM CORP: Files Amended Plan; Confirmation Hearing Oct. 6
PARETEUM CORP: Unsecureds Owed $18M Get Share of Liquidating Trust
PAYROLL MANAGEMENT: Sept. 19 to File Plan and Disclosure Statement
PERFORMANCE FOOD: S&P Upgrades ICR to 'BB-', Outlook Stable

POLAR POWER: Incurs $739K Net Loss in Second Quarter
POLAR US: Moody's Rates $272.5MM Sr. Secured First Lien Debt 'B3'
PRESCOTT BREWING: Taps Gammage & Burnham as Special Counsel
PRESTIGE HOMECARE: Unsecureds Will Get 20% of Claims in 60 Months
RANCHO CIELO: CWC Balks at Discrepancy as to Unsecured Claims

RESHAPE LIFESCIENCES: Posts $9.6 Million Net Loss in Second Quarter
REVLON INC: Opposes Official Equity Committee
RODAN & FIELDS: S&P Downgrades ICR to 'CCC-', Outlook Negative
ROYALE ENERGY: Incurs $261K Net Loss in Second Quarter
SANUWAVE HEALTH: Appoints Toni Rinow as Chief Financial Officer

SCF LLC: U.S. Trustee Appoints Creditors' Committee
SCHAEFERS SERVICE: Unsecureds to be Paid in Full in 60 Months
SEARS HOLDINGS: Faegre Drinker Represents Admin Claimants
SEDAMSVILLE HISTORICAL: Files for Chapter 11 With Affiliates
SMART BAKING: $1M Sale to Leventhal Family Trust to Fund Plan

SMG INDUSTRIES: Incurs $3 Million Net Loss in Second Quarter
SPG HOSPICE: Trustee Proposes Dual-Track Plan
SUMAK KAWSAY: Has Until Nov. 14 to Confirm Plan
SUMMIT LLC: Seeks to Hire Marcus & Millichap as Real Estate Broker
SUN PACIFIC: Posts $43K Net Income in Second Quarter

SUNSHINE ADULT: Asks for Dec. 20 Extension of Plan Confirmation
TEEZ SALON: Wins Cash Collateral Access Thru Sept 5
TELKONET INC: Inks Employment Contract With Chief Operating Officer
TELKONET INC: Posts $9K Net Income in Second Quarter
TRIPLET LLC: Unsecureds' Recovery Hiked to 24% in 5 Years

TUNICA HOSPITALITY: Voluntary Chapter 11 Case Summary
UNIQUE PRODUCTS: Wants Until February 2023 to File Plan
VIDEO RIVER: Posts $974K Net Income in Second Quarter
VOYAGER DIGITAL: Creditors Oppose $1.9-Mil. Employee Retention Plan
VYCOR MEDICAL: Incurs $99K Net Loss in Second Quarter

WALL007 LLC: Returns to Bankruptcy After Almost 2 Years
WASHINGTON PLACE: New Value & Insurance Settlement to Fund Plan
WL HOUSTONS: Delays Plan Confirmation Hearing
XEROX CORP: Egan-Jones Retains BB- Senior Unsecured Ratings
ZEROHOLDING LLC: Georgia Carpet Cleaner Enters Chapter 11

[^] BOOK REVIEW: The Story of The Bank of America

                            *********

A&V HOLDINGS: S&P Affirms 'B' ICR, Raises Debt Rating to 'B+'
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer rating on Florida-based
audio visual (AV) and video conferencing (VC) and Unified
Communications (UC) solutions provider A&V Holdings Holdco LLC
(AVI-SPL) because leverage compares favorably with its peers, and
S&P expects the company will return to generating positive free
cash flow in 2023. The outlook remains negative.

S&P raised its issue-level rating on AVI-SPL's first-lien
facilities to 'B+' from 'B', after revising its recovery rating to
'2' from '3'.

The negative outlook reflects continued pressure on profitability
and free cash flow generation from ongoing supply chain
constraints. Additionally, it reflects the risk of liquidity
becoming less than adequate if the constraints worsen over the next
12 months.

AVI-SPL has experienced margin pressure in 2022, which S&P expects
to persist for the rest of the year. Ongoing supply chain issues
and the inability to secure all components ahead of an installation
have delayed project completions and starts. Before the pandemic
and resulting supply chain issues, most projects were completed
promptly and didn't require long lead times for some parts to
arrive. In 2022, the shortage of critical components forces AVI-SPL
to complete projects in multiple phases, leading to inefficiencies
and a lower EBITDA margin. In some cases, the scarcity of specific
components has delayed starts altogether, as evident in AVI-SPL's
backlog, which is at an all-time high.

Free cash flow is under pressure this year because of a significant
swing in working capital. The limited ability of critical
components to complete and close projects led to a significant
increase in accounts receivable and slower cash collection. AVI-SPL
typically cannot collect final payment from customers until
projects are complete. Additionally, AVI-SPL carries a higher
inventory level than usual since the availability of some
components can be unpredictable. These factors have impaired
working capital and cash flow generation, leading to significant
FOCF consumption in the first half of 2022. S&P said, "We expect a
modest improvement in the second half, but not enough to overcome
the year-to-date declines. Our revised forecast for negative FOCF
for fiscal 2022 is much weaker than the meaningful positive FOCF we
forecasted previously. While the timing of improved availability of
components is difficult to predict, we expect AVI-SPL's EBITDA
margin and free cash flow will begin to recover once its supply
chain improves. As long as the supply chain constraints do not
worsen, the company should generate adequate positive free cash
flow in 2023. We expect much of the working capital pressure will
ease as component availability improves, but the reversal will be
gradual since more projects will begin, requiring additional
inventory spending."

The negative outlook reflects S&P's expectation of continued
pressure on profitability and free cash flow generation from
ongoing supply chain constraints. Additionally, it reflects the
risk of liquidity becoming less than adequate if supply chain
constraints worsen over the next 12 months.

S&P could lower the rating if AVI-SPL:

-- Experiences continued cash flow deficits in the second half of
2022 due to worsening supply chain issues, limiting the company's
liquidity or increasing leverage above 6x; or

-- Pursues debt-financed acquisitions or shareholder returns that
cause adjusted leverage to increase above 6x.

S&P could revise the outlook back to stable if AVI-SPL experiences
profitability improvements and an improvement in working capital
that leads to positive FOCF while maintaining leverage under 6x.
This would likely result from faster project completion because
critical components are more readily available from vendors.

Environmental, Social, And Governance

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

Governance is a moderately negative consideration, as it is for
most rated entities owned by private-equity sponsors. S&P believes
AVI-SPL's highly leveraged financial risk profile points to
corporate decision-making that prioritizes the interests of the
controlling owners. This also reflects private-equity sponsors'
generally finite holding periods and focus on maximizing
shareholder returns.


AEARO TECHNOLOGIES: Veterans Angry at 3M's Earplug Suits Tactics
----------------------------------------------------------------
Kaustuv Basu, Roxana Tiron, and Martina Barash of Bloomberg Law
report that John Schrock, one of thousands of veterans -- there are
now over 230,000 plaintiffs -- suing 3M for compensation for his
hearing loss, said he's been bewildered and upset by 3M's move to
put Aearo into Chapter 11 bankruptcy protection after losing 10 of
the first 16 bellwether earplug trials.

3M was recently in court in Indianapolis for a multi-day hearing,
arguing in front of a bankruptcy judge that the earplug lawsuits
against it should be stopped.  Although Aearo can freeze the
lawsuits it faces because of bankruptcy law, 3M can't do it without
a judge agreeing to do so.

"For 3M, they probably had this in the works before they went into
litigation," Schrock said in an interview.  "At the same time, they
are going to say we stand behind our servicemen and women and our
veterans."

"It even affects you when you are trying to go to sleep," he said.
"It's this constant thing in your ears."

3M Co. said in an emailed statement that "the Chapter 11 process is
the best way to do right by veterans and other stakeholders, and
that is why 3M has committed to provide $1 billion to a trust to
help resolve these claims."  The bankruptcy process provided a
simpler and more efficient path to resolution than continuing
litigation, the company said.

A consultant hired by veterans' lawyers told the bankruptcy judge
this week that 3M faces more than $100 billion in losses from the
earplug lawsuits, which the company called "unsupported and clearly
flawed speculation."

"Faced with years of litigation and veterans waiting for
resolution, the right choice is finding a reasonable, equitable and
timely solution for all concerned.  We cannot ask our veterans to
wait years for these cases to play out in court.  The Chapter 11
process offers a better solution," said Dan Leaf, a retired 3-star
general and Air Force fighter pilot who now works for 3M in an
advisory capacity.

                        Bewildered and Upset

Earplugs are as essential as helmets, eye protection and flak
jackets to the soldier in the field, given that automatic gunfire,
artillery and explosions can generate noise at at least twice the
decibel level that can cause hearing loss.  Service members refer
to them as an "inspectable item," like military IDs and dog tags.

Troops were required to wear dual-ended earplugs made by Aearo,
which St. Paul, Minn.-based 3M acquired for $1.2 billion in 2007,
during training and combat duty in Iraq and Afghanistan after the
Sept. 11, 2001, terrorist attacks.

The Combat Arms Earplug Version 2 was issued between 2003 and 2015.
As the name suggests, the plugs had different ends to protect
users in different circumstances. The green end of the earplug,
when inserted, was designed to block all sound, while the yellow
end was meant to block out most noise while still allowing the
wearer to hear commands and fellow troops.

The veterans who are now suing 3M say that that the earplugs were
too short for some ears and didn't provide a protective seal, and
were faulty even as the company was marketing them.

Nathan Frei, an active-duty infantry officer from 2011 to 2015 and
currently a company commander with the Washington Army National
Guard, said he first noticed issues with his hearing in 2013. He
thought a TV was on when it wasn't. He went scouring his apartment
for a ringing noise he kept hearing, before realizing that the
noise was in his head.

His exposure to loud noises was constant. Now, at 34, he said
he’s going to suffer from hearing loss for the rest of his life.

"I've fired anti-tank rockets. I've thrown hand grenades. I’ve
fired machine guns of large caliber, and small caliber handguns,"
Frei said. "I jumped out of airplanes." Wearing the earplugs was
part of the routine, he said.

                        Is this the Way?

Frei said 3M is shirking responsibility. "They realize the verdicts
aren't going their way, they're trying to avoid responsibility by
pushing off into bankruptcy," he said.  "I have soldiers that I've
served with that suffer from hearing loss as well.  We were all
wearing that same hearing protection."

Court documents show that 3M earplug marketing materials included
lines such as "losing your hearing is not a requirement for serving
your country" and "hear the action now, hear life later."

John Burk, who served with the 138th Quartermaster Company of the
Indiana National Guard and was deployed to Ramadi in Iraq, said the
earplugs gave them a false sense of security. He said he now has
tinnitus and hearing loss.

The $1 billion that 3M wants to set aside for compensation, he
said, "don't amount to much of nothing" given the impact on upwards
of 300,000 individuals.

"That is not doing anything to compensate for the diminished
livelihood," Burk said.

                   About Aearo Technologies

Aearo Technologies -- https://earglobal.com/en -- is a 3M company
that designs, manufactures, and sells personal protection
equipment. The Company offers prescription and non-prescription
safety eye wear, face shields, hard hats, and respirators. Aearo
serves customers worldwide.

To address claims related to the Combat Arms Earplugs Version 2,
Aearo Technologies LLC and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Lead Case
No. 22-02890) on July 26, 2022.  In the petition filed by John R.
Castellano, as authorized signatory, Aearo Technologies estimated
assets and liabilities between $1 billion and $10 billion each.

3M is not a debtor in the Chapter 11 cases.  3M has committed $1
billion to fund a trust allocated for Combat Arms claims.

Kirkland & Ellis LLP is serving as legal counsel and AlixPartners
LLP is serving as restructuring advisor to Aearo Technologies. Ice
Miller LLP, is serving as bankruptcy co-counsel to the Debtors.
Kroll is the claims agent.

PJT Partners is serving as financial advisor and White & Case LLP
is serving as legal counsel to 3M.


AIKIDO PHARMA: Board Rejects Shalom Auerbach's Acquisition Offer
----------------------------------------------------------------
The board of directors of AIkido Pharma Inc. received an
unsolicited proposal from Shalom Auerbach to acquire all of the
outstanding shares of the Company for $8.00 per share in cash.

The Board reviewed and considered Mr. Auerbach's proposal, and on
Aug. 18, 2022, the Company's counsel delivered a letter to Mr.
Auerbach informing him that the Board determined that it was not
interested in pursuing the offer.

                        About AIkido Pharma

Headquartered in New York, NY, AIkido Pharma Inc. fka Spherix
Incorporated -- http://www.spherix.com-- was initially formed in
1967 and is currently a biotechnology company seeking to develop
small-molecule anti-cancer therapeutics.  The Company's activities
generally include the acquisition and development of technology
through internal or external research and development.  In
addition, the Company seeks to acquire existing rights to
intellectual property through the acquisition of already issued
patents and pending patent applications, both in the United States
and abroad. The Company may alone, or in conjunction with others,
develop products and processes associated with technology
development. Recently, the Company has invested in and helped
develop technology with Hoth Therapeutics, Inc., DatChat, Inc. and
with its recent asset acquisition with CBM BioPharma, Inc. in
December 2019.

Aikido reported a net loss of $7.17 million for the year ended Dec.
31, 2021, compared to a net loss of $12.34 million for the year
ended Dec. 31, 2020.  As of March 31, 2022, the Company had $117.95
million in total assets, $895,000 in total liabilities, $11 million
in Series O redeemable convertible preferred stock, $11 million in
Series P redeemable convertible preferred stock, and $95.05 million
in total stockholders' equity.


AMERICAN TRAILER: Proposed Divestiture No Impact on Moody's B3 CFR
------------------------------------------------------------------
Moody's Investors Service said that the proposed divestiture of
American Trailer World Corp.'s ("ATW") (B3 stable) parts
distributor, TexTrail Parts, Inc. along with Marius Garon, Inc. and
Wholesale Trailer Supply, LLC to Dexko Global, Inc (B2 negative) is
credit positive. No financial terms have been disclosed. The
divestiture will allow ATW to focus its investment spend on the
continued buildout of its core manufacturing capacity, which has
been a constraint lately, and move to a greater online presence
that should reduce costs and improve efficiency. However, there is
no impact to ATW's B3 corporate family rating or stable outlook.

The businesses being divested primarily distribute axles, air
suspensions, fenders, brakes, hub, drums and other related
products. Following the divestiture margins are expected to be
modestly lower, due to the higher profits earned on the parts
businesses.

At this time, Moody's don't believe that the full proceeds will be
used to paydown debt, thus sustaining ATW's high financial
leverage. However, Moody's will continue to evaluate how proceeds
are applied and the resulting improvement on credit metrics. These
positive factors will mitigate modestly reduced scale and diversity
and a near-term margin contraction.

American Trailer World Corp., based in Addison, Texas, is a
manufacturer of professional grade and consumer grade utility
trailers and spare parts in North America. Revenue was
approximately $2.0 billion for the year ended March 31, 2022. The
company is majority owned by funds affiliated with Bain Capital.


AMERICANN INC: Posts $163K Net Income in Third Quarter
------------------------------------------------------
Americann, Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting net income of $162,734
on $797,734 of revenues for the three months ended June 30, 2022,
compared to a net loss of $98,955 on $584,546 of revenues for the
three months ended June 30, 2021.

For the nine months ended June 30, 2022, the Company reported a net
loss of $346,054 on $2.12 million of revenues compared to a net
loss of $905,331 on $1.29 million of revenues for the nine months
ended June 30, 2021.

As of June 30, 2022, the Company had $15.25 million in total
assets, $9.62 million in total liabilities, and $5.63 million in
total stockholders' equity.

The Company had an accumulated deficit of $19,931,499 and
$19,585,445 at June 30, 2022 and Sept. 30, 2021, respectively.
While the Company is attempting to increase operations and generate
additional revenues, the Company's cash position may not be
significant enough to support the Company's daily operations.
Management intends to raise additional funds through the sale of
its securities.

Americann said, "Management believes that the actions presently
being taken to further implement its business plan and generate
additional revenues provide the opportunity for the Company to
continue as a going concern.  While the Company believes in the
viability of its strategy to generate additional revenues and in
its ability to raise additional funds, there can be no assurances
to that effect.  The ability of the Company to continue as a going
concern is dependent upon the Company's ability to further
implement its business plan and generate additional revenues."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001508348/000143774922020474/acan20220630_10q.htm

                          About AmeriCann

Americann, Inc. (OTCQB:ACAN) is a specialized cannabis company that
is developing state-of-the-art product manufacturing and greenhouse
cultivation facilities.  Its business plan is based on the
continued growth of the regulated marijuana market in the United
States.

Americann reported a net loss of $862,893 for the year ended Sept.
30, 2021, a net loss of $709,343 for the year ended Sept. 30, 2020,
and a net loss of $4.90 million for the year ended Sept. 30, 2019.
As of Dec. 31, 2021, the Company had $15.02 million in total
assets, $9.58 million in total liabilities, and $5.44 million in
total stockholders' equity.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
Dec. 3, 2021, citing that the Company has suffered recurring losses
from operations and has an accumulated deficit that raises
substantial doubt about its ability to continue as a going concern.


ANDOVER SENIOR CARE: Amended Plan Due Oct. 15
---------------------------------------------
Following a hearing on Aug. 16, 2022, Judge Mitchell L. Herren has
entered an order that Andover Senior Care, LLC, must amend its Plan
and Disclosure Statement no later than Oct. 15, 2022, due to the
creditor Dwight Capital's notice of its 11 U.S.C. Sec. 1111(b)
election filed August 12, 2022.

Creditors will have 14 days from the date of filing the Amended
Plan and Amended Disclosure Statement to file objections to the
Amended Disclosure Statement.

Discovery shall be noticed so as to be completed on or before 60
days from the date of filing of the Amended Plan & Amended
Disclosure Statement.

Debtor must file its Motion for Sale by August 30, 2022.

                      About Andover Senior Care

Andover Senior Care, LLC, owns and operates an assisted living
facility in Andover, Kansas.

Andover Senior Care filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Kansas Case No.
22-10139) on March 11, 2022, listing $5,351,220 in assets and
$16,334,476 in liabilities. Dennis L. Bush, managing member, signed
the petition.  

Judge Mitchell L. Herren oversees the case.

Mark Lazzo, Esq., at Mark J. Lazzo, P.A. and Colangelo & Taber,
P.A. serve as the Debtor's legal counsel and accountant,
respectively.


ANGI GROUP: Moody's Lowers CFR to B1 & Alters Outlook to Negative
-----------------------------------------------------------------
Moody's Investors Service has downgraded ANGI Group, LLC's
Corporate Family Rating to B1 from Ba3 and senior unsecured notes
rating to B1 from Ba3 due to the expectation of sustained high
leverage and weak profitability amid macroeconomic headwinds. The
Probability of Default Rating was affirmed at Ba3-PD due to the
single-class of unsecured debt in the capital structure. The
outlook was changed to Negative from Stable.

ANGI Group is a wholly-owned subsidiary of Angi Inc. ("Angi" or the
"company"), which is 84.5%-owned by its parent, IAC Inc. ("IAC").
Following is a summary of the rating actions:

Downgrades:

Issuer: ANGI Group, LLC

Corporate Family Rating, Downgraded to B1 from Ba3

Speculative Grade Liquidity Rating, Downgraded to SGL-2 from
SGL-1

Senior Unsecured Regular Bond/Debenture, Downgraded to B1 (LGD4)
from Ba3 (LGD4)

Affirmations:

Issuer: ANGI Group, LLC

Probability of Default Rating, Affirmed at Ba3-PD

Outlook Actions:

Issuer: ANGI Group, LLC

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The ratings downgrade reflects Moody's expectation for continued
elevated financial leverage, operating losses and weakening
liquidity over the next 6-12 months due to the challenging
macro-environment, principally from rising interest rates and high
inflation, that will likely lead to reduced consumer spending on
discretionary home services as well as moderation in advertising
revenue growth. The downgrade is also driven by increasing
governance risk, due to Angi's transitioning business strategy and
greater risk appetite, which has led to significantly higher
leverage and negative free cash flow (FCF) since the initial rating
assignment, offset by large (albeit shrinking) cash balances and
good liquidity. Following significant investments in Angi Services,
resulting in increased customer acquisition costs through greater
paid search and rebranding spend, the company has produced
significant gross margin compression and operating losses in seven
of the last eight quarters.

At June 30, 2022, LTM EBITDA was barely above breakeven at $0.8
million (as calculated and adjusted by Moody's, including Moody's
standard operating lease adjustment; however no adjustment is made
for stock-based compensation expenses ) and FCF to gross debt was
-22% (Moody's adjusted). Though Moody's expects operating losses to
narrow in H2 2022 and EBITDA to expand from its nadir over the
coming quarters, Moody's project continuing cash burn resulting in
cash balances approaching close to $300 million or 60% of
outstanding debt by year end. Moody's expects one-time investments
that increased selling and marketing spend (as a percentage of
revenue), associated with Angi's website update and brand
consolidation initiatives, paid search strategy and outlays for new
product launches will lead to profitability in Angi Services in
2023. While Moody's expects EBITDA will sequentially improve over
the next 18-24 months, it will be lower than pre-pandemic levels,
leading to estimated net leverage in the 3.5x-4x range and gross
leverage in the 4.5x-5x area (all metrics are Moody's adjusted) by
2024.

The negative outlook reflects Moody's concerns that macroeconomic
headwinds, higher service request costs and rising interest rates
coupled with growing encroachment from smaller home services
players will limit the benefits from Angi's rebranding investments,
which will moderate revenue and EBITDA growth, potentially delaying
deleveraging. While Moody's expects Angi's Service Professionals
will increase online Ads and Leads marketing spend to stimulate
consumer demand in a slowing economy, Moody's also expect higher
inflationary costs and supply chain constraints will prompt
consumers to decrease spend on discretionary home services
projects. Angi Ads and Leads represent roughly 69% of LTM total
revenue, while Angi Services accounts for 27%. Though Angi is the
online category leader, the home services market remains highly
fragmented with increasing competition from Yelp, Frontdoor,
Thumbtack, TaskRabbit and Amazon's Selling Services. Yelp has
experienced share gains and continuing strong growth in its Home
Services business.

Marketing spend is highly correlated with economic and business
cycle conditions. As such, Angi's revenue is dependent upon
clients' advertising and marketing service spending, which can be
cyclical. Moody's anticipates slowing advertising demand in H2
2022, consistent with Moody's expectation for slowing economic
growth and persistently high inflation. Though Angi has no exposure
to Russia or Ukraine, Moody's continue to expect some macroeconomic
spillover from the military conflict in that region. The magnitude
of the effects will depend on the length and severity of the
crisis. Moody's currently projects US GDP growth will decelerate to
2.1% in 2022 (2.2% in Euro area) and 1.3% in 2023 (0.9% in Euro
area), while US inflation is forecast to remain high at 7.0% yoy by
year end 2022, declining from 8.5% yoy in July 2022.

ANGI Group's B1 CFR reflects Angi's position as the leading online
player in the high growth on-demand home remodeling, repair and
maintenance space, an estimated $600+ billion market in the US.
Additional support is provided by: (i) the potential for long-term
growth given that the marketplace is relatively underpenetrated;
(ii) Angi's B2C online content delivery expertise reinforced by an
effective technology platform that combines lead generation,
advertising and end-to-end fulfillment to satisfy consumer demand
across three Service Professional experiences; (iii) good customer
loyalty with improving take rates (i.e., revenue per transacting
Service Professional); (iv) good liquidity via sizable cash
balances; and (v) implicit financial support from IAC, which has
approximately $1.2 billion of cash (excluding cash at Angi and
Dotdash Meredith, Inc.).

Over the next 12-15 months, Moody's expects Angi will maintain good
liquidity (SGL-2 Speculative Grade Liquidity) supported mainly by
cash balances of at least $300 million offset by negative FCF.
Cash-on-hand totaled approximately $361 million at June 30, 2022.
Angi does not have a revolving credit facility (RCF) given that the
former $250 million RCF was retired in August 2021. The company is
not subject to quarterly financial maintenance covenants because
the $213 million outstanding term loan was fully repaid in May
2021. The only debt currently in the capital structure consists of
$500 million 3.875% senior unsecured notes due August 2028.

ESG CONSIDERATIONS

Angi's ESG Credit Impact Score is highly negative (CIS-4),
reflecting the company's neutral-to-low exposure to environmental
risks (E-2), moderately-negative social exposures (S-3) to
potential breaches of customers' personal data and human capital
considerations, and highly-negative governance profile (G-4).
Credit exposure to social risks is moderately-negative related to
potential cyberattacks and breaches of customers' personal data
resulting in safety and security concerns that could damage the
company's reputation and prompt users to avoid using its online
home services platform. It also reflects moderately-negative
responsible production attributed to litigation against the company
alleging deceptive business practices. Exposure to human capital is
also moderately-negative associated with Angi's reliance on
attracting, developing and retaining a highly skilled technology
workforce. The company benefits from its low risk profile to
demographic and societal trends, evidenced by continuing migration
of consumers to the fast-growing online home services market.
Governance risk is highly-negative due to the shift in strategy and
increased risk appetite, which has produced elevated financial
leverage and negative FCF. Angi is a controlled company with
significant majority ownership and voting rights held by its
parent, IAC. Most of the company's board members are not
independent (as defined by Moody's), a further governance weakness.
Somewhat offsetting this is the parent's significant liquidity and
track record of achieving business objectives and managing
operating risk.

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

A ratings upgrade is unlikely over the near-term given the
expectation for continued weak debt protection measures for the
rating category. Over time, an upgrade could occur if Angi exhibits
revenue growth that is in line or ahead of market growth, expanding
EBITDA and improved business and geographic diversification. An
upgrade would also be considered if financial leverage as measured
by net debt to EBITDA is sustained near 3.5x (Moody's adjusted) and
free cash flow as a percentage of net debt is sustained at or above
8% (Moody's adjusted). Angi would also need to adhere to
conservative financial policies to be considered for upward ratings
pressure.

Ratings could be downgraded if Angi's competitive position were to
weaken as evidenced by organic revenue growth in the low to
mid-single digit percentage range (or lower), EBITDA margins
sustained below 5% (Moody's adjusted), rising customer acquisition
costs and/or increasing Service Professional churn beyond the
rating horizon (mid-2024). Ratings could experience downward
pressure if net debt to EBITDA is sustained above 5.75x (Moody's
adjusted) and free cash flow to net debt does not revert to
positive territory and/or remains below 4% by year mid-2024. A
downgrade could also arise if Moody's expects that cash levels will
weaken due to higher than expected cash burn rates, sizable share
purchases or meaningful M&A activity without a proportionate
increase in EBITDA.

ANGI Group, LLC is a wholly-owned subsidiary of Denver, CO-based
Angi Inc., a leading online marketplace for home remodeling, repair
and maintenance that connects quality Service Professionals with
consumers. Major brands include HomeAdvisor (Angi Leads), Angi
(Angi Ads), and Handy and Angi Roofing (Angi Services). The company
is 84.5%-owned by IAC Inc., a leading consumer media and internet
company that is home to dozens of popular online brands and
services used by millions of consumers each day. Angi's revenue
totaled approximately $1.8 billion for the twelve months ended June
30, 2022.

The principal methodology used in these ratings was Media published
in June 2021.


ARCH RESOURCES: S&P Upgrades ICR to 'B', Outlook Positive
---------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on St.
Louis-based Arch Resources Inc.  to 'B' from 'B-'.

S&P also raised its issue-level rating on the company's senior
secured debt to 'BB-' from 'B' and revised its recovery rating to
'1' from '2'; a '1' recovery rating indicates its expectation for
very high recovery (90%-100%, rounded estimate: 95%) in the event
of a default.

The positive outlook indicates the potential for an upgrade within
the next 12 months if Arch sustains the momentum of earnings
improvement such that adjusted leverage remains below 2x.

Arch will generate stronger cash flows in fiscal years 2022 and
2023 propelled by strong market dynamics. Arch's operations
continue to benefit from strong commodity markets as thermal and
metallurgical coal (met coal) prices remain elevated above their
10-year historical average prices. Demand for thermal coal remains
resilient as higher natural gas prices push utility operators to
switch to thermal coal. Arch now has a strong order book with
output from its Powder River Basin (PRB) operations fully committed
for 2022 and a significant portion committed for 2023. The
company's met coal tonnage is largely uncommitted in forward years
and exposed to higher spot prices and greater volatility. As a
result, we expect Arch will generate EBITDA of about $1.2
billion-$1.5 billion in fiscal 2022, which is more than double its
prior-year figure. This would translate into strong free operating
cash flows (FOCF) of about $900 million-$1.2 billion, which
compares favorably with negative FOCF in 2020 and 2021.

Significant debt repayment and robust earnings should drive Arch's
leverage well below 1x. The company used excess cash flows to repay
about $271 million of the term loan in the first half of 2022,
leaving just $8 million outstanding as of June 30, 2022. Arch
reached an agreement with certain noteholders to redeem about $125
million of convertible senior notes due 2025 with approximately $30
million in aggregate principal outstanding as of June 30, 2022. In
the fourth quarter of 2021, Arch established a sinking fund into
which it contributes cash to prefund reclamation work related to
its thermal coal assets. As of June 30, 2022, the company had
contributed $100 million to the fund and remains committed to
further contributions within the year. As a result, S&P expects
Arch's leverage will improve below 1.0x in 2022 compared with 1.7x
in 2021. Adjusted leverage could remain below 1x in 2023 even
though it expects a 30% decline in EBITDA in line with our
assumption of moderating commodity prices.

S&P said, "We expect Arch will benefit from the new Leer South mine
and its remaining thermal coal assets. Arch's met coal volumes will
increase by about 20% over the next 12-24 months as the company
ramps up production and overcomes teething issues at the new Leer
South mine. Capital expenditure (capex) should decline by about 40%
following the completion of the Leer South project, further
enhancing FOCF. The company also stayed its decision to wind down
thermal coal operations due to favorable market conditions, thereby
keeping the Black Thunder, Coal Creek, and West Elk mines in
operation. The thermal assets will continue to generate significant
cash flows with limited investment as the company continues to
evaluate options to monetize these assets. Arch has successfully
pivoted to steel and metallurgical markets, with met coal
accounting for about 72% and 77% of EBITDA in fiscal 2021 and
first-half 2022, respectively, compared with 28% and 23% for
thermal coal in the same respective periods. This is in stark
contrast to 2010 when met and thermal coal represented 25% and 75%
of EBITDA, respectively.

"The positive outlook indicates the potential for an upgrade within
the next 12 months if Arch sustains the momentum of earnings
improvement such that adjusted leverage remains below 2x. We expect
Arch will continue to generate cash flows sufficient to fund its
high capex requirements and enhanced shareholder returns program
while maintaining sufficient liquidity.

"We could upgrade Arch within the next 12 months if its credit
metrics develop in line with our base-case scenario such that it
maintains adjusted leverage below 2x and continues to generate
positive FOCF. We would also expect management to maintain
financial discipline in prioritizing credit support measures over
shareholder returns.

"We could lower our ratings on Arch if earnings declined sharply
due to met coal prices falling by more than 40% from our base-case
assumptions and volumes by 25%-30%." In such a scenario, S&P would
expect:

-- Adjusted leverage close to 4x;

-- FOCF to debt of 15% or less.

ESG credit indicators: E-4, S-3, G-2

S&P said, "Environmental factors are a negative consideration in
our credit rating analysis of Arch. The company has overhauled its
business strategy with a greater focus on met coal production with
completion of the Leer South met coal development project and the
closure of uneconomical thermal coal assets. Therefore, we assess
the environmental risk for Arch as slightly lower than for
pure-play thermal coal producers. However, Arch's met coal
operations have exposure to blast furnace steelmaking (that uses
met coal as an input) and continue to be displaced by less
polluting electric arc furnace steelmaking operations. Social
factors are a moderately negative consideration since the company
has to comply with stringent environmental and safety regulations
and is obligated to satisfy reclamation and other long-term
obligations. Arch could face limited access to the capital markets
because major financial and investment companies have decreased or
committed to divest their coal investments."



ARTERA SERVICES: S&P Downgrades ICR to 'CCC+', Outlook Stable
-------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Artera
Services LLC to 'CCC+' from 'B-'. The outlook is stable.

S&P said, "We lowered our issue-level ratings on the company's
first-lien term loan, revolving line of credit, and senior secured
notes to 'CCC+' from 'B-'. The recovery ratings remain '3',
indicating our expectation of meaningful (50%-70%; rounded
estimate: 50%) recovery in the event of a default.

"We lowered the issue-level rating on the company's second-lien
term loan to 'CCC-' from 'CCC'. The '6' recovery rating indicates
our expectation of negligible (0%-10%; rounded estimate: 0%)
recovery in the event of a default.
The stable outlook reflects our view of sufficient liquidity for
debt repayment and capital spending over the next 12 months.

"The downgrade reflects Artera Services LLC's elevated leverage,
which we now expect will remain above 10x in 2022. Mandates to
maintain gas utility infrastructure in the U.S. underpins demand
for company's gas distribution business. However, due to less
demand for new pipeline installation projects in the U.S and excess
capacity in the industry we now assume Artera will generate less
revenues from its gas transmission business through 2023. The
company plans to shift its focus to repair and maintenance work in
this segment to somewhat offset this decline. Although we expect
company's price initiatives will improve EBITDA margins in the
second half of 2022, inflationary headwinds could continue to
outpace price increases, resulting in S&P Global Ratings-adjusted
leverage of above 10x in 2022, improving to around 9x in 2023.

"We forecast some working capital inflows in the second half of
2022, but free operating cash flow (FOCF) could still be negative
for the full year. The company expects a collection of receivables
from the operating lines of business and discontinued operations of
the electric business, Volt, to generate some working capital
benefits in the second half of this year. However, there is some
risk the company will use FOCF in 2022, due to revenue loss from
the transmission business, weaker than previously expected
operating profitability, and higher interest expense.

"Despite our forecast for sustained high leverage, we anticipate
Artera will maintain sufficient liquidity over the next 12 months.
The company has adequate liquidity, in our view, with $239 million
available under its account receivable securitization facility due
December 2024, as of June 30, 2022. We note that the Artera's $301
million revolver is due in March 2023, but we do not assume this
will be a source of liquidity in our analysis.

"The stable outlook reflects our assessment of the availability of
sufficient liquidity for debt repayments and capital spending over
the next 12 months.

"We could lower our ratings on Artera if we come to believe that
the company is likely to default within the next 12 months, without
an unforeseen positive development. This could occur through a
near-term liquidity crisis, violation of financial covenants, or a
distressed exchange offer. Liquidity could be impaired if cash
flows from operations were to become significantly negative,
forcing the company to draw on its liquidity sooner than
anticipated and reducing availability.

"We could raise our rating on Artera if it reduces leverage and
successfully generates positive free cash flow on a sustained
basis. We believe this could occur if the company realizes
significant cost savings from its price initiatives and EBITDA
margins improve."

ESG Credit Indicators: E-2, S-2, G-3



ARTHUR GROOM: Unsecureds Will Get 30% of Claims in 60 Months
------------------------------------------------------------
Arthur Groom & Co., Inc., filed with the U.S. Bankruptcy Court for
the District of New Jersey a Small Business Plan of Reorganization
dated August 22, 2022.

The Debtor is in the business of the retail sale of jewelry, and
retail jewelry repairs. The Debtor also occasionally brokers jewel
sales. The Debtor operates a retail store at 262 E. Ridgewood
Avenue, Ridgewood, New Jersey.

The Debtor's retail sales declined significantly during the Covid
19 closures in 2020. Sales marginally and incrementally picked up
in 2021, and have returned to pre-Covid levels. During 2020, the
Debtor suffered significant losses and fell behind on rent as well
as to its secured facility with TD Bank and its payments to
unsecured creditors during that period.

On March 11, 2020, Dr. Hartzband, an unsecured creditor, initiated
a suit in the Superior Court of New Jersey, Bergen County, Law
Division entitled Mark A. Hartzband v. Arthur Groom & Co., Inc., et
al., under docket no Ber-L-1683-20 (the "Law Division Action")
seeking the recovery of amounts due On June 1, 2020, Dr. Hartzband
obtained a Final Judgment by Default in the amount of $887,420.44
from the Clerk of the Superior Court in Bergen County. The Bergen
County Sheriff's Office had planned an execution sale on May 24,
2022, the day after the Filing Date. The Filing of the Debtor's
petition stayed that execution sale.

On May 18, 2022, TD Bank filed a Verified Complaint in the Superior
Court of New Jersey Law Division, Bergen County, entitled T.D.
Bank, N.A. v. Arthur Groom & Co., Inc., Docket No. BER-L 2577-22
(the "TD Action") seeking, inter alia, replevin of the Debtor’s
inventory, including the Seized Assets. A hearing on preliminary
restraints requested in connection with TD Action was scheduled to
proceed on May 25, 2022.

The filing of the Debtor's case on the Filing Date stayed the
Bergen County Sheriff's auction of the Seized Assets on behalf of
Dr. Hartzband and the pending TD Action seeking replevin. In the
aggregate, the Hartzband Law Division Action, and the TD Action,
were the proximate causes of filing of the Debtor's bankruptcy
case.

The Debtor has recovered its seized inventory, returned sales to
pre-Covid levels, and resolved arrearages on rent for its premises.
These efforts will stabilize the Debtor's cash flow, and enable the
Debtor to meet its projections. The Debtor has committed its
disposable income for the next five years.

Class Five are holders of General Unsecured Claims, including
allowed deficiency claims of creditors in prior classes and the
claims of creditors not otherwise classified under the Plan. The
estimate amount of undisputed general unsecured claims as scheduled
or filed is $1,330,300.06.

All undisputed, liquidated, non-contingent claims as scheduled or
filed, subject to timely objection to the validity or extent of
each claim (the "Allowed Unsecured Claims") totaling $1,330,300.06,
shall be paid pro rata from the Debtor's excess income, as
projected in the Debtor's 60 Month Projections. Payments will
commence on December 1, 2022 and end on November 1, 2022. Payments
will total, in the aggregate, $397,860, representing a dividend of
approximately 30%.

Class 6 of Equity Interest Holders. Arthur Groom will retain his
equity interest in the Debtor.

The Plan will be funded from (i) funds on hand in the estate at the
time of Confirmation; and (ii) Debtor's revenue from operations in
accordance with the Five-Year Cash Flow Projection.

A full-text copy of the Plan of Reorganization dated August 22,
2022, is available at https://bit.ly/3ALws1z from PacerMonitor.com
at no charge.

Debtor's Counsel:

     McNALLYLAW, LLC
     Stephen B. McNally, Esq.
     93 Main Street
     Newton, New Jersey 07860
     Tel: 973-300-4260
     Email: steve@mcnallylawllc.com

                   About Arthur Groom & Company

Arthur Groom & Company, Inc., operates a retail jewelry store in
Ridgewood, New Jersey.  The Debtor sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No.
22-14127) on May 23, 2022.  In the petition signed by Arthur Groom,
owner, the Debtor disclosed up to $10 million in both assets and
liabilities.

Judge Vincent F. Papalia oversees the case.

Stephen B. McNally, Esq., at McNallyLaw, LLC is the Debtor's
counsel.


BBC GROUP NV: Unsecured Creditors to Split $82,000 Under Plan
-------------------------------------------------------------
BBC Group NV, LLC, and BBC Group CA, LLC, submitted a Plan of
Reorganization.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan has valued
at approximately 0.01 cents on the dollar.

The Debtor's financial projections show that the Debtor will have
projected disposable income for the period described in section
1191(c)(2) of $11,700.

This Plan of Reorganization under chapter 11 of the Bankruptcy Code
proposes to pay creditors of BBC GROUP NV, LLC and BBC GROUP CA,
LLC from future income.

Under the Plan, holders of Class 2 Non-priority Unsecured Creditors
will receive pro rata disbursements equal to or exceeding the
liquidation value (Exhibit A with the following link:
https://bit.ly/3dIEFL5) to be paid after all administrative,
priority, and pre-petition claims have been paid in full.  It is
anticipated that payments to this class will not begin until
approximately 44 months after the effective date of the plan, and
will be fully paid an amount equal to the liquidation value no
later than the 60th month after the effective date of the plan. It
is anticipated that the combined total to be disbursed to members
of this class will be $82,319.  Class 2 is impaired.

Funds to implement the plan will be generated from Debtor's
business income.

A copy of the Plan of Reorganization dated August 17, 2022, is
available at https://bit.ly/3AtU0Im from PacerMonitor.com.

                       About BBC Group NV

BBC Group NV, LLC -- https://www.eatbocboc.com/ -- is a Las
Vegas-based company that operates in the restaurant industry.

BBC Group NV filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Nev. Case No. 22-11538) on April 30,
2022, listing up to $500,000 in assets and up to $10 million in
liabilities. Brian Shapiro serves as Subchapter V trustee.

Judge Mike K. Nakagawa oversees the case.

Seth D. Ballstaedt, Esq., at the Law Office of Seth D. Ballstaedt
is the Debtor's counsel.


BEAR MOUNTAIN: S&P Assigns BB- (sf) Rating on Class E Notes
-----------------------------------------------------------
S&P Global Ratings assigned its ratings to Bear Mountain Park CLO
Ltd./Bear Mountain Park CLO LLC's floating-rate notes.

The note issuance is a CLO securitization governed by investment
criteria and backed primarily by broadly syndicated
speculative-grade (rated 'BB+' or lower) senior secured term loans.
The transaction is managed by Blackstone Liquid Credit Strategies
LLC.

The ratings reflect S&P's view of:

-- The collateral pool's diversification;

-- The credit enhancement provided through subordination, excess
spread, and overcollateralization;

-- The experience of the collateral manager's team, which can
affect the performance of the rated debt through portfolio
identification and ongoing management; and

-- The transaction's legal structure, which is expected to be
bankruptcy remote.

  Ratings Assigned

  Bear Mountain Park CLO Ltd./Bear Mountain Park CLO LLC

  Class A, $315.00 million: Not rated
  Class B, $60.75 million: AA (sf)
  Class C (deferrable), $30.75 million: A (sf)
  Class D (deferrable), $29.25 million: BBB- (sf)
  Class E (deferrable), $15.75 million: BB- (sf)
  Subordinated notes, $39.15 million: Not rated



BED BATH & BEYOND: Nears $375 Mil. Loan Deal With Sixth Street
--------------------------------------------------------------
Eliza Ronalds-Hannon, Rachel Butt and Jeremy Hill of Bloomberg Law
report that Bed Bath & Beyond Bed Bath & Beyond Inc. is closing in
on a new loan from Sixth Street Partners that will give it
breathing room as sales slump and it burns through cash.

Company management is in exclusive talks with Sixth Street Partners
for a new line of credit that may be around $375 million, according
to a person with knowledge of the discussions who asked not to be
named because they are private. The loan isn't final and could
change, the person added.

On Friday, Bloomberg reported that a survey of vendors, undertaken
by credit-rating and consulting firm Pulse Ratings, had found that
Bed Bath & Beyond had fallen behind as much as 90 days on its
bills.

All respondents had past-due accounts receivable with Bed Bath &
Beyond, and some said that over half of their accounts receivable
with Bed Bath & Beyond were past due.  The suppliers also
complained that "management is short on guidance about its plans to
catch up with its past-due bills," according to Bloomberg, citing
the survey it had seen.

Also according to Bloomberg, based on its sources, several firms
that provide trade credit insurance to vendors have revoked
coverage of Bed Bath & Beyond.

                   About Bed Bath & Beyond

Bed Bath & Beyond Inc., together with its subsidiaries, is an
omnichannel retailer selling a wide assortment of merchandise in
the Home, Baby, Beauty & Wellness markets and operates under the
names Bed Bath & Beyond, buybuy BABY, and Harmon, Harmon Face
Values.  The Company also operates Decorist, an online interior
design platform that provides personalized home design services.

The Company reported a net loss of $559.62 million for the fiscal
year ended Feb. 26, 2022, a net loss of $150.77 million for the
year ended Feb. 27, 2021, a net loss of $613.82 million for the
year ended Feb. 29, 2020, and a net loss of $137.22 million for the
year ended March 2, 2019.  As of May 28, 2022, the Company had
$4.94 billion in total assets, $5.16 billion in total liabilities,
and a total stockholders' deficit of $220.30 million.


BERWICK CLINIC: Seeks to Hire a Bankruptcy Counsel
--------------------------------------------------
Berwick Clinic Company, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to hire Robert Bassel,
Esq., a practicing attorney in Clinton, Mich., to handle its
Chapter 11 case.

Mr. Bassel charges an hourly fee of $350 for his services. The
attorney received a retainer of $14,738, of which $1,738 was used
to pay the filing fee.

In court papers, Mr. Bassel disclosed that he is "disinterested"
within the meaning of Section 101(14) of the Bankruptcy Code..

Mr. Bassel holds office at:

     Robert Bassel, Esq.
     P.O. Box T
     Clinton, MI 49236
     Phone: (248) 835-7683
     Email: bbassel@gmail.com

                   About Berwick Clinic Company

Berwick Clinic Company, LLC operates a health care business in
Bloomfield Hills, Mich.

Berwick Clinic filed a Chapter 11 petition (Bankr. E.D. Mich. Case
No. 22 45589) on July 18, 2022, disclosing $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities. Priyam Sharma,
a principal at Berwick Clinic, signed the petition.

Judge Lisa S. Gretchko oversees the case.

Berwick Clinic tapped Robert Bassel, Esq., a practicing attorney in
Clinton, Mich., to handle its Chapter 11 case.


BLUE DOLPHIN: Posts $13.4 Million Net Income in Second Quarter
--------------------------------------------------------------
Blue Dolphin Energy Company filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting net income
of $13.41 million on $136.12 million of total revenue from
operations for the three months ended June 30, 2022, compared to a
net loss of $4.10 million on $69.44 million of total revenue from
operations for the three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported net
income of $16.89 million on $246.81 million of total revenue from
operations compared to a net loss of $7.27 million on $128.85
million of total revenue from operations for the same period in
2021.

As of June 30, 2022, the Company had $79.89 million in total
assets, $85.53 million in total liabilities, and a total
stockholders' deficit of $5.64 million.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000793306/000165495422011369/bdco_10q.htm#soo

                        About Blue Dolphin

Headquartered in Houston, Texas, Blue Dolphin Energy Company --
http://www.blue-dolphin-energy.com-- is an independent downstream
energy company operating in the Gulf Coast region of the United
States.  The Company's subsidiaries operate a light sweet-crude,
15,000-bpd crude distillation tower with approximately 1.2 million
bbls of petroleum storage tank capacity in Nixon, Texas. Blue
Dolphin was formed in 1986 as a Delaware corporation and is traded
on the OTCQX under the ticker symbol "BDCO."

Blue Dolphin reported a net loss of $12.84 million for the 12
months ended Dec. 31, 2021, compared to a net loss of $14.46
million for the 12 months ended Dec. 31, 2020. As of March 31,
2022, the Company had $67.69 million in total assets, $87.84
million in total liabilities, and a total stockholders' deficit of
$20.15 million.

Sterling Heights, Michigan-based UHY LLP, the Company's auditor
since 2022, issued a "going concern" qualification in its report
dated April 1, 2022, citing that the Company is in default under
secured and related party loan agreements and has a net working
capital deficiency.  These conditions raise substantial doubt about
the Company's ability to continue as a going concern.


BLUE STAR: Posts $1.4 Million Net Loss in Second Quarter
--------------------------------------------------------
Blue Star Foods Corp. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $1.44 million on $2.96 million of net revenue for the three
months ended June 30, 2022, compared to a net loss of $437,127 on
$2.13 million of net revenue for the three months ended June 30,
2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $2.49 million on $8.28 million of net revenue compared to a
net loss of $915,231 on $4.62 million of net revenue for the six
months ended June 30, 2021.

As of June 30, 2022, the Company had $20.59 million in total
assets, $11.93 million in total liabilities, and $8.66 million in
total stockholders' equity.

The Company had cash of $2,585,878 as of June 30, 2022.  At June
30, 2022, the Company had a working capital surplus of $3,207,745,
including $910,000 in stockholder loans that are subordinated to
its working capital line of credit, and the Company's primary
sources of liquidity consisted of inventory of $5,689,982 and
accounts receivable of $1,251,215.

The Company has historically financed its operations through the
cash flow generated from operations, capital investment, notes
payable and a working capital line of credit.

"The COVID-19 pandemic has caused significant disruptions to the
global financial markets," said Blue Star.  "The full impact of the
COVID-19 outbreak continues to evolve, is highly uncertain and
subject to change.  The Company continues to estimate the effects
of the COVID-19 outbreak on its operations and financial.  While
significant uncertainty remains, the Company believes that the
COVID-19 outbreak will continue to have a negative impact on the
ability to raise financing and access capital."

Management Commentary

John Keeler, Chairman and CEO of Blue Star, commented, "We
continued our positive momentum during the second quarter and we
believe remain on track to nearly double revenue for all of 2022,
as compared to the $10.0 million revenue we generated in all of
2021. We launched our soft-shell crab RAS operations in March 2022,
as we utilize technology to enhance productivity and
sustainability.  We are very pleased with the early results and
$0.5 million revenue contribution in the second quarter, as we look
for its pending expansion to be a major differentiator for us and
contributor to profitability.  Initial response from our seafood
distributors and customers has been favorable in validating our
sustainable indoor fish farming technology and processes."

Mr. Keeler continued, "In this second quarter, we ramped our
investment in our RAS divisions to position us for expansion in the
second half of the year and into 2023.  Without such incremental
investment and our non-cash expenses, our operating profitability
would have been similar to previous quarters.  We are excited with
our multi-phase engineering contract with HTH to provide planning,
design and consulting services to create a new facility that, when
fully built, will be able to harvest over 220,000 dozen a year of
Soft-Shell Atlantic Blue Crab.  The new operation will be in Jasper
County, South Carolina, replacing the existing facility in Beaufort
County, South Carolina."

Mr. Keeler concluded, "As we look to the second half of 2022, we
believe we remain on track to restore our legacy business to
pre-pandemic levels of approximately $20 million of annual revenue.
Our team is focused on advancing into the construction phase of
our transformational soft-shell crab RAS facility in Jasper County,
South Carolina.  We believe that the Company is poised to
successfully deliver on its mission statement of providing safe,
secure and sustainable local source farm-raised seafood species.
We look forward to providing updates on our progress."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1730773/000149315222022961/form10-q.htm

                       About Blue Star Foods

Blue Star Foods Corp. is a sustainable seafood company that
processes, packages and sells refrigerated pasteurized Blue Crab
meat, and other seafood products.  The Company's current source of
revenue is importing blue and red swimming crab meat primarily from
Indonesia, Philippines and China and distributing it in the United
States and Canada under several brand names such as Blue Star,
Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal
Pride Fresh, and steelhead salmon produced under the brand name
Little Cedar Farms for distribution in Canada.

Blue Star Foods reported a net loss of $2.61 million for the year
ended Dec. 31, 2021, compared to a net loss of $4.44 million for
the year ended Dec. 31, 2020. As of Dec. 31, 2021, the Company had
$15.95 million in total assets, $7.04 million in total liabilities,
and $8.91 million in total stockholders' equity.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2014, issued a "going concern" qualification in its report dated
March 31, 2022, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


BOY SCOUTS: Bankruptcy Case Exposes Split on Liability Releases
---------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that a recent decision allowing
entities tied to the Boy Scouts of America to be released from
sexual abuse claims has reignited debate over a controversial
bankruptcy tactic and raised the stakes of an upcoming appellate
court ruling involving Purdue Pharma LP.

Judge Laurie Selber Silverstein of the US Bankruptcy Court for the
District of Delaware, in a long-awaited opinion released July 29,
2022, approved the bulk of the Boy Scouts' intricate reorganization
plan and $2.7 billion settlement with 82,000 adults who allege they
were sexually abused in their youth as scouts.

Her ruling coincides with a question pending before the US Court of
Appeals for the Second Circuit about whether a bankruptcy court has
authority to approve nonconsensual liability releases in a case
brought by Purdue Pharma.

The stark contrast in major cases that have grabbed national
attention may ultimately lead to "a full out circuit split on the
issue" that either Congress or the Supreme Court will have to
resolve, said bankruptcy attorney Steven Smith of Herrick Feinstein
LLP.

Third-party releases have been a feature of Chapter 11
reorganization plans for decades. But they have recently drawn more
widespread attention because of their importance in "cases that are
in the public eye," said Arizona State University law professor
Laura Coordes.

Other recent high-profile corporate Chapter 11 cases have been
mired in heavy opposition to reorganization terms that shield
debtors and other affiliated parties from future lawsuits.

                          No Explicit Ban

Judge Silverstein's 281-page opinion explained why insurance
companies, a network of 250 local councils, and religious
organizations that sponsored scouting activities can receive the
same legal liability discharge as the Boy Scouts even though they
never filed for bankruptcy. Alleged sexual abuse perpetrators
aren't being released from their liability.

The judge concluded that abuse victims can lose, without consent,
their right to sue third parties that contribute to a mass
settlement fund to pay them. The bankruptcy code "does not
explicitly authorize releases, neither does it prohibit" such
liability releases, Silverstein said.

Her holding is consistent with controlling case-law in the US Court
of Appeals for the Third Circuit, where Delaware sits.  But it
conflicts with a noteworthy New York federal court opinion from
December rejecting similar releases in Purdue Pharma's bankruptcy
plan for the opioid manufacturer's Sackler family owners.

"There's this tension on the one hand with courts that find ways to
approve those plans because there's a hard fact that global peace
is the way to solve contentious cases," Smith said, referring to
the settlements that were reached with the help of such releases.
"But at the end of the day, there's no bankruptcy code provision
you can point to that allows it."

                             Hot Topic

The bankruptcy code is silent on the liability release issue except
in cases used to resolve asbestos-related tort liabilities. In such
cases, the law expressly authorizes settlement trusts and
channeling all claims against the debtor and other related parties
to the trust.

Outside of asbestos-related cases, a scattershot of rulings have
varied in permitting liability releases.  Different federal
circuits have developed different tests and standards to determine
whether releases can be approved over a party's opposition, with
some saying the code prohibits them.

"There's tension between the efficiency that proceedings in a
bankruptcy court can give you and the right for every claimant to
have their day in court," said bankruptcy attorney Shai Schmidt of
Glenn Agre Bergman & Fuentes LLP.

That tension has become more visible over the last three years with
the Purdue Pharma and Boy Scouts bankruptcies.  These debtors have
been the focus of intense public outrage in the wake of the
nation's opioid crisis and the passage of state laws intended to
address decades of institutional neglect of child sexual abuse.

"People who are following those cases are seeing what's happening,"
Coordes said. "There are so many parties to consider."

These cases have also led Democrats in Congress to pursue
legislation that would ban nonconsensual nondebtor release
provisions in corporate bankruptcies.

                         Sackler Surprise

Last 2021, Judge Robert Drain of the US Bankruptcy Court for the
Southern District of New York approved Purdue Pharma's multibillion
dollar proposal to settle thousands of lawsuits over its addictive
opioid painkillers.  In a controversial ruling, Drain said members
of the Sackler family could be released from legal liability in
exchange for a settlement contribution of nearly $4.5 billion.

But just three months later, Judge Colleen McMahon of the US
District Court for the Southern District of New York reversed
Drain's decision, saying the bankruptcy court lacked authority to
approve the releases.

In a ruling that sent shockwaves across corporate bankruptcy
practitioners, McMahon said the question "has hovered over
bankruptcy law for thirty-five years" and "should be put to rest
now."

That opinion has since been cited by a federal district judge who
overturned the approval of third-party releases in the bankruptcy
plan for Ascena Retail Group, former owner of several women's
fashion brands.

"We're now waiting on the Second Circuit to opine," said Smith.

                          Circuit Split

With scrutiny of third-party releases on the rise, the Boy Scouts
ruling "seems to buck the growing trend" even though its "fairly
consistent with the caselaw and authority" in the Third Circuit,
Smith said.

Silverstein's detailed ruling cites Third Circuit cases to conclude
that "the granting of third-party releases is still permissible as
part of the confirmation process."

But the ruling also rejects Boy Scouts' settlement reached with the
Mormon church, a longtime partner of the Boy Scouts, saying it went
"too far" by releasing abuse claims that arose outside of scouting
activities.

Her findings reinforce the idea that releases "are not freely
given, especially in cases like this where there are difficult
facts," Allen & Overy LLP bankruptcy attorney Dan Guyder said.

But "it could set the stage for more brinksmanship," he said.

Approval of the Boy Scouts plan marks a definitive split from
McMahon's decision.

Continued divisions among the circuits on the issue will make "the
Supreme Court's attention more likely," Coordes said

"You can see the differences there starting to percolate," said
Coordes.

                   About Boy Scouts of America

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

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

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

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

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


BOY SCOUTS: Insurers Likely to Appeal Bankruptcy Plan Approval
--------------------------------------------------------------
Dietrich Knauth of Reuters reports that the a group of Boy Scouts
of America insurers will likely appeal the youth group's $2.3
billion sexual abuse settlement after it is approved in bankruptcy
court, their attorneys said Thursday, August 18, 2022.

The insurers, including AIG and Liberty Mutual, had objected to the
settlement, saying the Boy Scouts colluded with men who claimed
they were abused by troop leaders as children to push liability
onto the insurers.  The insurers' attorneys said at a Thursday
hearing in Delaware bankruptcy court that they continued to object
despite U.S. Bankruptcy Judge Laurie Selber Silverstein's partial
approval of the deal and recent revisions made to it by the Boy
Scouts.

The Boy Scouts will seek court approval next month for its revised
bankruptcy plan, which would provide at least $2.3 billion to
compensate more than 80,000 men who have made abuse claims.  The
biggest change in the amended plan was the removal of a $250
million settlement payment from the Church of Jesus Christ of
Latter-day Saints, which Silverstein refused to approve.

Judge Silverstein approved many parts of the plan in a July 29
opinion, and the Boy Scouts' latest revisions were meant to address
the parts that Judge Silverstein did not sign off on.

Judge Silverstein is likely to approve the modified plan at a
September 1 hearing.

Judge Silverstein's July 29 opinion scaled back some of the Boy
Scouts' proposals related to insurance coverage for sexual abuse.
The insurers' attorneys did not discuss in court which portions of
the opinion they intend to appeal.

Two of the Boy Scouts' primary insurers, affiliates of Hartford
Financial Services Group and Chubb Ltd, support the settlement and
are not part of the group that is considering an appeal.

The Boy Scouts filed for bankruptcy in February 2020 after being
hit by a flood of sexual abuse lawsuits when several U.S. states
passed laws allowing accusers to sue over allegations dating back
decades.

The amount of money that individual abuse survivors stand to gain
from the bankruptcy plan ranges from $3,500 to $2.7 million.

Counsel to the objecting insurers: James Hallowell of Gibson Dunn &
Crutcher and David Christian of David Christian Attorneys.

                    About Boy Scouts of America

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

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

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

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

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


BW HOMECARE: S&P Lowers ICR to 'CCC-' on Deteriorating Liquidity
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on BW Homecare
Holdings LLC (d/b/a Elara Caring) to 'CCC-' from 'CCC'. The outlook
is negative. At the same time, S&P affirmed its 'CCC' issue-level
rating on the first-lien debt (the recovery rating remains '3') and
'CC' rating on the second-lien debt (the recovery rating remains
'6').

The negative outlook reflects BW Homecare's unsustainable capital
structure and leverage, and the potential for a distressed exchange
or debt restructuring.

S&P said, "Our 'CCC-' issuer credit rating reflects our belief the
company will pursue a debt restructuring of distressed exchange
over the next six months.As of June 30, 2022, Elara had about $72
million in liquidity consisting of $46 million of cash and
approximately $26 million of availability on its $75 million
revolving credit facility (currently undrawn) based on a springing
consolidated net first-lien leverage ratio of 6.5x (which is tested
when outstanding borrowings exceed 35%) which matures May 2023.

"The company may have no sources of liquidity by year-end of 2022
or early 2023.Based on our liquidity analysis, we believe there is
substantial risk the company could run out of liquidity by the end
of the year, or early 2023. We project a cash flow deficit of about
$50 million in 2022, with fixed charges of about $100 million to
$115 million for 2022, which includes $7 million of mandatory debt
amortization, $85 million to $90 million of cash interest expense,
$1 million of maintenance capex, and $22 million in nonrecurring
cash outflows related to deferred payroll taxes ($13 million) and
Medicare Advance repayments ($9 million).

"We do not believe the company has enough near-term upside
potential that would avoid a restructuring.The company's operations
are burdened by significant labor challenges which is limiting its
capacity and badly hurting margins. We expect these conditions to
improve somewhat but to continue to burden the company for the rest
of 2022 and into 2023. The company is producing sizable cash flow
deficits, and even assuming a reasonable improvement, we do not
believe the company will have the ability to meet its debt
obligations."

The negative outlook reflects the company's unsustainable leverage,
upcoming debt maturity, and the elevated likelihood it will pursue
a distressed exchange or debt restructuring over the next 12
months.

S&P would downgrade Elara if the company announces a debt exchange
or debt restructuring we viewed as distressed.

S&P could raise its rating if it no longer views a distressed
exchange or debt restructuring as highly probable. It would take a
much stronger-than-anticipated improvement in the business.

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

S&P said, "Governance factors are a moderately negative
consideration in our credit rating analysis. Our 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 our view of most rated entities
owned by private-equity sponsors. Our assessment also reflects the
generally finite holding periods and a focus on maximizing
shareholder returns."



CAMERON MUTUAL: A.M. Best Cuts LongTerm ICR to 'bb'
---------------------------------------------------
AM Best has downgraded the Long-Term Issuer Credit Rating
(Long-Term ICR) to "bb" (Fair) from "bb+" (Fair) and affirmed the
Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual
Insurance Company (Cameron Mutual) (Cameron, MO). The outlook of
the FSR has been revised to negative from stable while the outlook
of the Long-Term ICR is negative.

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

The Long-Term ICR downgrade reflects ongoing surplus erosion, which
has weakened Cameron Mutual's overall balance sheet strength.
Severe weather events in 2022 drove the $6.4 million decline in
capital through the first six months. Furthermore, the surplus
decline influenced the level of risk-adjusted capitalization, as
measured by Best's Capital Adequacy Ratio (BCAR), which is assessed
as strong, from very strong at last review. The downgrade of the
Long-Term ICR further considers underwriting leverage metrics that
are well-above the private passenger standard auto and homeowners
composite. The negative outlooks reflect ongoing deterioration in
the company's overall balance sheet strength and consistently
unfavorable operating results. Marginal operating performance
continues to erode Cameron Mutual's capital position, creating
greater sensitivity in risk-adjusted capitalization, as measured by
BCAR. Furthermore, while management continues to refine the
business profile in an effort to reduce exposures and correct
performance, risk mitigation strategies have yet to gain material
traction.

Cameron Mutual writes personal auto, commercial multi-peril, farm
owners and homeowners in three states, primarily Missouri.
Management has recently emphasized de-risking the portfolio as it
relates to the more volatile segments of the book of business, as
well as improving rating algorithms with more granularity and
pushing rate increases where needed.


CARESTREAM HEALTH: Moody's Lowers CFR to Caa3 Amid Ch. 11 Filing
----------------------------------------------------------------
Moody's Investors Service downgraded Carestream Health, Inc.'s
ratings following the company's filing for protection under Chapter
11 of the US Bankruptcy Code on August 23. The downgrades include
Carestream's Probability of Default Rating to D-PD from Caa3-PD,
Corporate Family Rating to Caa3 from B3, senior secured first lien
credit facilities to Caa1 from B1, and second lien term loan to Ca
from Caa1. The outlook is stable, revised from negative.

Governance risk considerations are material to the rating action.
The company operates with aggressive financial policies under
private equity ownership. The company was unable to successfully
execute a publicly announced out of court recapitalization
transaction, and subsequently filed for chapter 11 bankruptcy
protection.

Ratings Downgraded:

Issuer: Carestream Health, Inc.

Corporate Family Rating, Downgraded to Caa3 from B3

Probability of Default Rating, Downgraded to D-PD from Caa3-PD

Senior Secured First Lien Term Loan, Downgraded to Caa1 (LGD2)
from B1 (LGD2)

Senior Secured First Lien Revolving Credit Facility, Downgraded to
Caa1 (LGD2) from B1 (LGD2)

Senior Secured Second Lien Term Loan, Downgraded to Ca (LGD5) from
Caa1 (LGD5)

Outlook Actions:

Issuer: Carestream Health, Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

The rating actions follows Carestream Health's unsuccessful out of
court recapitalization transaction that was previously announced on
April 25, 2022, and its subsequent chapter 11 bankruptcy filing on
August 23. The company's Chapter 11 filing resulted in the
downgrade of Carestream Health's PDR to D-PD. The CFR, as well as
the ratings on the company's senior secured first lien credit
facilities and second lien term loan were downgraded to reflect
Moody's view on potential recoveries. Moody's notes that absent the
chapter 11 filing, substantially all of the company's debt
maturities were due in 2023. Carestream plans to emerge from
bankruptcy in 35-45 days and will operate under business-as-usual
conditions throughout the proceedings.

Subsequent to the rating action, Moody's will withdraw all the
ratings of Carestream Health, Inc.

The principal methodology used in these ratings was Medical
Products and Devices published in October 2021.

Headquartered in Rochester, NY, Carestream Health, Inc. is a global
provider of medical imaging products. The company's film business
provides specialized paper to produce images from digital x-rays,
printers, non-destructive testing, dental film and contract
manufacturing. The company's medical digital business provides
digital medical imaging systems. The company's LTM revenues are
approximately $1.1 billion. Carestream is owned by affiliates of
Onex Corporation.


CBAK ENERGY: Posts $1 Million Net Income in Second Quarter
----------------------------------------------------------
CBAK Energy Technology, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting net income
of $1.02 million on $56.35 million of net revenues for the three
months ended June 30, 2022, compared to net income of $2.72 million
on $5.89 million of net revenues for the three months ended June
30, 2021.

For the six months ended June 30, 2022, the Company reported net
income of $1.70 million on $136.55 million of net revenues compared
to net income of $32.33 million on $15.31 million of net revenues
for the same period in 2021.

As of June 30, 2022, the Company had $269.98 million in total
assets, $134.05 million in total liabilities, and $135.93 million
in total equity.

CBAK Energy stated, "We had financed our liquidity requirements
from a variety of sources, including short-term bank loans, other
short-term loans and bills payable under bank credit agreements,
advance from our related and unrelated parties, investors and
issuance of capital stock and other equity-linked securities.

"We recorded a net income of $1.7 million for the six months ended
June 30, 2022.  As of June 30, 2022, we had cash and cash
equivalents of $41.5 million.  Our total current assets were $137.3
million and our total current liabilities were $125.7 million as of
June 30, 2022, resulting in a net working capital of $11.6
million.

"As of June 30, 2022, we had an accumulated deficit of $121.2
million.  We had an accumulated deficit from recurring net losses
incurred for the prior years and significant short-term debt
obligations maturing in less than one year as of June 30, 2022.
These factors raise substantial doubts about our ability to
continue as a going concern.  The report from our independent
registered public accounting firm for the year ended December 31,
2021 included an explanatory paragraph in respect of the
substantial doubt of our ability to continue as a going concern."

Management Commentary

Yunfei Li, chairman and chief executive officer of the Company,
commented: "In the second quarter and first half of 2022, our
company continued its strong growth in revenues.  With the new
energy industry getting hotter with tremendous policy supports, we
made wise decision to enter the upstream of the industry by
acquiring a lithium-ion battery material business and to further
expand our battery production capacity."

Mr. Li continued: "Despite that the inflation of materials price
resulted from capacity shortage has increased our costs, we still
managed to sustain a highly rapid growth in revenues, of which
revenues from our battery business grew by over 3 times.  Our
management team is highly confident about the company's future and
its potential for quicker growth."

Xiangyu Pei, interim chief financial officer of the Company, noted:
"With the significant growth in the sales of our batteries and
battery materials, we continued to expand revenue and gross
profits. Notably, our revenues grew as much as 792% year-over-year
to $136.5 million in the first half of 2022 while gross profits
increased by over two times to $10.9 million.  We believe that with
the material price starts de-inflation and that our Nanjing plant
is fully operated with its full capacity, we will have much higher
profits. As always, we continued to invest in new headcounts, new
business as well as research and development to drive further
growth.  We believe these investments, combined with our sound
financial position and powerful battery product ecosystem, will
enable us to sustain long-term, profitable growth."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001117171/000121390022048115/f10q0622_cbakenergy.htm

                          About CBAK Energy

Liaoning Province, People's Republic of China-based CBAK Energy --
www.cbak.com.cn -- is a manufacturer of new energy high power
lithium batteries that are mainly used in light electric vehicles,
electric vehicles, electric tools, energy storage including but not
limited to uninterruptible power supply (UPS) application, and
other high-power applications.  Its primary product offering
consists of new energy high power lithium batteries, but it is also
seeking to expand into the production and sale of light electric
vehicles.

Hong Kong, China-based Centurion ZD CPA & Co., the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated April 15, 2022, citing that the Company has negative
cash flows from operating activities, accumulated deficit from
recurring net losses incurred for the prior years and significant
short-term debt obligations maturing in less than one year as of
Dec. 31, 2021.  All these factors raise substantial doubt about its
ability to continue as a going concern.


CELSIUS NETWORK: CEO Mashinsky Needs to Be Transparent, Says Lawner
-------------------------------------------------------------------
Fran Velasquez of Yahoo Entertainment reports that the U.S. Trustee
overseeing the Celsius Network bankruptcy is right to seek an
independent examiner because the crypto lender's CEO hasn't been
forthright with information.

Sasha Hodder, founder of Hodder Law Firm, told CoinDesk TV Friday
there needs to be more "transparency" from Celsius CEO Alex
Mashinsky, including a list of what creditors are owed money.
Hodder's firm, which works with bitcoin and crypto entrepreneurs,
is not involved in the bankruptcy proceeding.

"If [Mashinsky] was being transparent, [the Trustee] would not have
a need to pull in an independent examiner," Hodder said on CoinDesk
TV's "First Mover."

Creditors "are upset that [Celsius is] burning through the money
very quickly," Mr. Hodder said.  The lender has been in bankruptcy
proceedings since filing for Chapter 11 bankruptcy protection in
July.  On Thursday, the U.S. Trustee's office filed with the
Bankruptcy Court of the Southern District of New York seeking the
appointment of an independent examiner.

Celsius said on Monday it was going to run out of money by the end
of October.  However, on Friday, during a hearing call with
creditors, Chief Financial Officer Chris Ferraro now says Celsius
has or will have enough money to fund operations at least through
the end of the year.  Ferraro said the company could fund
operations via maturing loans and savings from its sales and taxes
on its newly established Texas-based mining rigs. Mashinsky, who
was also on the call, did not answer any questions.

"No one has been able to get any straight information out of
Celsius CEO Alex Mashinsky about how much they actually owe certain
creditors," Mr.  Hodder said.

                          About Celsius Network

Celsius Network LLC -- http://www.celsius.network/-- is a
financial services company that generates revenue through
cryptocurrency trading, lending, and borrowing, as well as by
engaging in proprietary trading.

Celsius helps over a million customers worldwide to find the path
towards financial independence through a compounding yield service
and instant low-cost loans accessible via a web and mobile app.
Celsius has a blockchain-based fee-free platform where membership
provides access to curated financial services that are not
available through traditional financial institutions.

The Celsius Wallet claims to be one of the only online crypto
wallets designed to allow members to use coins as collateral to get
a loan in dollars, and in the future, to lend their crypto to earn
interest on deposited coins (when they're lent out).

Crypto lenders such as Celsius boomed during the COVID-19 pandemic,
drawing depositors with high interest rates and easy access to
loans rarely offered by traditional banks.  But the lenders'
business model came under scrutiny after a sharp sell-off in the
crypto market spurred by the collapse of major tokens terraUSD and
luna in May 2022.

New Jersey-based Celsius froze withdrawals in June 2022, citing
"extreme" market conditions, cutting off access to savings for
individual investors and sending tremors through the crypto
market.

The list of major crypto firms that have filed for bankruptcy
protection in 2022 now includes Celsius Network, Three Arrows
Capital and Voyager Digital.

Celsius Network LLC and its subsidiaries sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
22-10964) on July 14, 2022.  In the petition filed by CEO Alex
Mashinsky, the Debtor estimated assets and liabilities between $1
billion and $10 billion.

Kirkland & Ellis LLP is serving as legal counsel, Centerview
Partners is serving as financial advisor, and Alvarez & Marsal is
serving as restructuring advisor to Celsius.

Stretto, the claims agent, maintain the page
https://cases.stretto.com/celsius


CELSIUS NETWORK: Spent $40M on Mining on 1st 2 Weeks of Bankruptcy
------------------------------------------------------------------
Soma Biswas of The Wall Street Journal reports that bankrupt crypto
lending giant Celsius Network LLC used up more than $40 million in
cash on its startup mining operation in the first two weeks of its
bankruptcy, Finance Chief Chris Ferraro said at a meeting with
creditors on Friday, August 19, 2022.

Celsius said the amount covered expenses including electric utility
bills tied to its mining rigs, Mr. Ferraro said in response to
questions from Shara Cornell of the Office of the U.S. Trustee, a
Justice Department watchdog that oversees the bankruptcy courts.

                     About Celsius Network

Celsius Network LLC -- http://www.celsius.network/-- is a
financial services company that generates revenue through
cryptocurrency trading, lending, and borrowing, as well as by
engaging in proprietary trading.

Celsius helps over a million customers worldwide to find the path
towards financial independence through a compounding yield service
and instant low-cost loans accessible via a web and mobile app.
Celsius has a blockchain-based fee-free platform where membership
provides access to curated financial services that are not
available through traditional financial institutions.

The Celsius Wallet claims to be one of the only online crypto
wallets designed to allow members to use coins as collateral to get
a loan in dollars, and in the future, to lend their crypto to earn
interest on deposited coins (when they're lent out).

Crypto lenders such as Celsius boomed during the COVID-19 pandemic,
drawing depositors with high interest rates and easy access to
loans rarely offered by traditional banks.  But the lenders'
business model came under scrutiny after a sharp sell-off in the
crypto market spurred by the collapse of major tokens terraUSD and
luna in May 2022.

New Jersey-based Celsius froze withdrawals in June 2022, citing
"extreme" market conditions, cutting off access to savings for
individual investors and sending tremors through the crypto
market.

The list of major crypto firms that have filed for bankruptcy
protection in 2022 now includes Celsius Network, Three Arrows
Capital and Voyager Digital.

Celsius Network LLC and its subsidiaries sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
22-10964) on July 14, 2022.  In the petition filed by CEO Alex
Mashinsky, the Debtor estimated assets and liabilities between $1
billion and $10 billion.

Joshua A. Sussberg, of Kirkland & Ellis LLP, is serving as legal
counsel, Centerview Partners is serving as financial advisor, and
Alvarez & Marsal is serving as restructuring advisor.

Kirkland & Ellis LLP is serving as legal counsel, Centerview
Partners is serving as financial advisor, and Alvarez & Marsal is
serving as restructuring advisor to Celsius.

Stretto, the claims agent, maintain the page
https://cases.stretto.com/celsius


CELTIC PIG: Seeks to Hire Goldberg Simpson as Bankruptcy Counsel
----------------------------------------------------------------
Celtic Pig, LLC seeks approval from the U.S. Bankruptcy Court for
the Western District of Kentucky to hire Goldberg Simpson, LLC to
serve as legal counsel in its Chapter 11 case.

The firm's services include:

     a. giving legal advice with respect to the Debtor's powers and
duties in the continued operations and management of its property;

     b. taking all necessary actions to protect and preserve the
Debtor's estate, including the prosecution of actions on behalf of
Debtor, the defense of any actions commenced against the Debtor,
negotiations concerning all litigation in which the Debtor is
involved, if any, and objecting to claims filed against the
Debtor's estate;

     c. preparing legal papers; and

     d. performing other legal services for the Debtor in
connection with its bankruptcy case and the formulation and
implementation of its Chapter 11 plan.

The firm received a retainer in the amount of $6,738.

Michael McClain, Esq., at Goldberg Simpson, disclosed in a court
filing that his firm is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael W. McClain, Esq.
     Goldberg Simpson, LLC
     9301 Dayflower Street
     Prospect, KY 40059
     Phone: (502) 589-4440
     Email: mmcclain@goldbergsimpson.com

                         About Celtic Pig

Celtic Pig, LLC sought protection for relief under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Ky. Case No. 22-31520) on Aug. 11,
2022, listing up to $50,000 in assets and up to $500,000 in
liabilities. Judge Charles R Merrill presides over the case.

Michael W. McClain, Esq., at Goldberg Simpson, LLC represents the
Debtor as counsel.


COAL NETWORK: Seeks Interim Cash Collateral Access
--------------------------------------------------
Coal Network, LLC asks the U.S. Bankruptcy Court for the Eastern
District of Kentucky, Ashland Division, for authority to use cash
collateral on an interim basis and provide adequate protection the
prepetition secured creditor.

The Debtor's prepetition sale efforts to restructure have been
unsuccessful. Despite efforts to avoid the necessity of filing the
Chapter 11 Case, the Debtor was facing an immediate liquidity
crisis due to stopped payments to vendors by the CRO and bank
sweeps. The Debtor intends to use the remedies available to it
under the Bankruptcy Code to pay creditors and reorganize its
business with the support of the Debtor's key creditor
constituencies.

The Debtor is working diligently to attempt to put together a plan
that will allow the Debtor to swiftly exit the Chapter 11 Case.
During this process, the Debtor has an immediate need and seeks
authorization for the use of cash collateral on an interim basis
for a four-week period in order to preserve the going-concern value
of the Debtor's bankruptcy estates.

The Debtor's primary lender and secured creditor is KeyBank
National Association based on a loan agreement between the Debtor
and KeyBank dated February 25, 2020. The Loan consisted of a term
loan for $1,800,000, which also included a revolving line of credit
of $10,000,000.

The Debtor defaulted on the KeyBank Loan on or around February 2,
2022. At that time, KeyBank requested that a Chief Restructuring
Officer be put in place.

Since the CRO has taken control of the account payables, over
$3,000,000 has been made to the outstanding balance on the Term
Loan. Pursuant to the relief being requested, there approximately
$3,384,085 outstanding to KeyBank on the Loan. The obligations
under the Loan are secured by a security interest in all of the
Debtor's assets.

As adequate protection for the Debtor's use of cash collateral, the
Debtor will grant KeyBank a valid interest in the cash collateral
as a replacement lien on and in all property, owned, acquired, or
generated postpetition by the Debtor and its continued operations
to the same extent and priority and of the same kind and nature
KeyBank had prior to the commencement of the Chapter 11 Case;
provided, however, that (i) the Replacement Liens will only be
granted to KeyBank to the extent of the diminution in the value of
its interests in the cash collateral, (ii) the Replacement Liens
will not attach to Avoidance Actions or their proceeds, (iii) the
Replacement Liens will be subordinate to the Carve-Out, and (iv)
the Replacement Liens will be subject to any Superpriority Claim.

The Debtor will make weekly payments (on the Wednesday of each
week) of $18,500 to KeyBank, starting August 31.

The Debtor's affiliate, Coal Equities, LLC will, not later than
August 29, 2022, execute in recordable format a mortgage on a
certain coal trans-loading facility located at 13125 Old U.S.
Highway 23 (SR 757) in Catlettsburg, Kentucky, in favor of, and in
form reasonably satisfactory to, KeyBank in the amount of the
then-outstanding Credit Obligations.

The Debtor's right to use cash collateral will terminate upon (i)
the entry of an order dismissing or converting the Chapter 11 Case
to cases under chapter 7 of the Bankruptcy Code, or (ii)
determining that the Debtor is in default of its obligations under
the interim Cash Collateral Order or a future order authorizing the
continued use of cash collateral.

The Carve-Out includes:

     a. Amounts payable to the Clerk of this Court and the Office
of the Subchapter V Trustee;

     b. The payment of unpaid professional fees, costs, and
expenses, up to the amount set forth in the Approved Budget of
attorneys, accountants, investment bankers, financial advisors, or
other professionals retained by the Debtor in the amounts set forth
in the Budget; and

     c. Following a Termination Event, up to $200,000 in Debtor's
Professional Fees.

The Replacement Liens will also be subject to a superpriority
administrative expense claim pursuant to section 364(c)(1) of the
Bankruptcy Code.

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

                      About Coal Network LLC

Coal Network LLC -- http://www.coalnetwork.com-- is a turnkey
solution provider focused specifically on coal and blended coal
products.

Coal Network LLC filed a petition for relief under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ky. Case No.
22-10098) on August 17, 2022. In the petition filed by Ramesh
Malhotra, as president, the Debtor reported assets and liabilities
between $1 million and $10 million.

Michael E. Wheatley has been appointed as Subchapter V trustee.

April A Wimberg, Esq., at Dentons Bingham Greenebaum LLP, is the
Debtor's counsel.



COSMOS HOLDINGS: Incurs $1.2 Million Net Loss in Second Quarter
---------------------------------------------------------------
Cosmos Holdings Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $1.24 million on $13.21 million of revenue for the three months
ended June 30, 2022, compared to a net loss of $2.38 million on
$14.85 million of revenue for the three months ended June 30,
2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $1.04 million on $26.28 million of revenue compared to a
net loss of $4.55 million on $26.47 million of revenue for the same
period during the prior year.

As of June 30, 2022, the Company had $47.84 million in total
assets, $39.69 million in total liabilities, $3.02 million in
mezzanine equity, and $5.13 million in total stockholders' equity.

As of June 30, 2022, the Company had working capital of $4,128,418
compared to $10,950,492 as of Dec. 31, 2021.

The Company had cash of $562,320 versus $286,487 as of June 30,
2022 and December 2021, respectively.  The Company had net cash
used in operating activities of $3,023,685 and $2,519,394 for the
six months ended June 30, 2022 and 2021, respectively.  The Company
has devoted substantially all of its cash resources to expand
through organic business growth and has incurred significant
general and administrative expenses in order to enable the
financing and growth of its business and operations.

The Company had net cash used in investing activities of $160,307
and net cash used in investing activities of $12,100 during the six
months ended June 30, 2022 and 2021, respectively.  For the six
months ended June 30, 2022 the net cash provided by investing
activities was mainly attributable to the proceeds from the loan
receivable from a third party.

The Company had net cash provided by financing activities of
$3,473,197 versus $2,724,871 during the six months ended June 30,
2022 and 2021, respectively.

For the period ended June 30, 2022, the Company also received
proceeds from lines of credit of $5,779,114 and payments of lines
of credit of $6,244,162, for a net decrease on the line of credit
of $465,048.

Cosmos Holdings said, "We anticipate using cash in our bank account
as of June 30, 2022, cash generated from debt or equity financing,
from investing activities or from management loans, to the extent
that funds are available to do so to conduct our business in the
upcoming year.  Management is not obligated to provide these or any
other funds.  If we fail to meet these requirements, we may lose
the qualification for quotation and our securities would no longer
trade on the over-the-counter markets.  Further, as a consequence
we would fail to satisfy our reporting obligations with the
Securities and Exchange Commission, and investors would then own
stock in a company that does not provide the disclosure available
in quarterly and annual reports filed with the SEC and investors
may have increased difficulty in selling their stock as we will be
non-reporting."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1474167/000147793222006313/cosm_10q.htm

                       About Cosmos Holdings

Cosmos Holdings Inc., together with its subsidiaries, is an
international pharmaceutical company with a proprietary line of
nutraceuticals and distributor of branded and generic
pharmaceuticals, nutraceuticals, over-the-counter (OTC) medications
and medical devices through an extensive, established EU and UK
distribution network.

Cosmos Holdings reported a net loss of $7.96 million for the year
ended Dec. 31, 2021, compared to net income of $820,786 for the
year ended Dec. 31, 2020. As of March 31, 2022, the Company had
$49.77 million in total assets, $39.17 million in total
liabilities, $5.45 million in mezzanine equity, and $5.15 million
in total stockholders' equity.

San Francisco, California-based Armanino LLP, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated April 15, 2022, citing that the Company has suffered
recurring losses and cash used in operations that raises
substantial doubt about its ability to continue as a going concern.


COTTAGE GROVE: Taps Property Manager From Mt. View Real Estate
--------------------------------------------------------------
Cottage Grove Center, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Oregon to hire Michael Gottlieb of Mt.
View Real Estate & PM to manage its property located at 1340 Birch
Avenue, Cottage Grove, Ore.

Mr. Gottlieb will receive compensation equal to 10 percent of
collected rents plus a tenant screening fee in the amount of $150
per new tenant.

In court papers, Mr. Gottlieb disclosed that he does not have
interests adverse to the Debtor's estate on matters for which he
would be engaged.

Mr. Gottlieb can be reached at:

     Michael Gottlieb
     Mt. View Real Estate & PM
     710 Row River Rd
     Cottage Grove, OR 97424
     Direct: 541.653.2868
     Office: 541.654.0333
     Email: mvrepm@gmail.com

                     About Cottage Grover Center

Cottage Grove Center, LLC, a company in Cottage Grove, Ore., sought
Chapter 11 bankruptcy protection (Bankr. D. Ore. Case No. 22-60332)
on March 24, 2022, listing up to $50,000 in assets and up to $10
million in liabilities. Richard J. Gordon, managing member, signed
the petition.

Judge Thomas M. Renn oversees the case.

The Debtor tapped Ted A. Troutman, Esq., at Troutman Law Firm, P.C.
as bankruptcy counsel, and Michael Gottlieb of Mt. View Real Estate
& PM as property manager.


CRYPTO CO: Incurs $1.9 Million Net Loss in Second Quarter
---------------------------------------------------------
The Crypto Company filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $1.91 million on $151,869 of revenue from services for the three
months ended June 30, 2022, compared to net income of $151,108 on
$109,745 of revenue from services for the three months ended June
30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $4.40 million on $294,381 of revenue from services compared
to net income of $46,250 on $111,145 of revenue from services for
the six months ended June 30, 2021.

As of June 30, 2022, the Company had $2.36 million in total assets,
$4.48 million in total liabilities, and a total stockholders'
deficit of $2.11 million.

Crypto Co said, "The ability to continue as a going concern is
dependent upon us generating profitable operations in the future
and/or obtaining the necessary financing to meet our obligations
and repay our liabilities arising from normal business operations
when they come due.  Management is evaluating different strategies
to obtain financing to fund our expenses and achieve a level of
revenue adequate to support our current cost structure.  Financing
strategies may include but are not limited to, private placements
of capital stock, debt borrowings, partnerships, and/or
collaborations. There can be no assurance that any of these
future-funding efforts will be successful."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1688126/000149315222023592/form10-q.htm

                      About Crypto Company

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

Crypto Company reported a net loss of $785,630 for the 12 months
ended Dec. 31, 2021, compared to a net loss of $2.82 million for
the 12 months ended Dec. 31, 2020.  As of March 31, 2022, the
Company had $2.53 million in total assets, $4.14 million in total
liabilities, and a total stockholders' deficit of $1.61 million.


CUREPOINT LLC: Cancer Center Files Subchapter V Case
----------------------------------------------------
Curepoint LLC filed for chapter 11 protection in the Northern
District of Georgia.  The Debtor filed as a small business debtor
seeking relief under Subchapter V of Chapter 11 of the Bankruptcy
Code.

Curepoint is a radiation center that provides radiation treatment
for cancer patients at its facility in Dublin, Georgia.  Curepoint
has 10 employees.  Phillip Miles is the designated manager of
Curepoint and his son Michael Miles is the controller.

Physicians Financial Partners, LLC, owns 95.01% of Curepoint while
Radiation Business Solutions, Inc., owns the remaining 4.99%.

Like so many other small businesses, Curepoint suffered a series of
setbacks at the hands of the pandemic, including seeking out
financing from merchant cash advance companies.  Curepoint was and
continues to be involved in multiple lawsuits with the McCord
family trhoguh which significant legal fees were incurred.

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

                      About Curepoint LLC

Curepoint LLC -- https://www.curepointcancer.com/ -- provides
radiation treatment for cancer patients at its facility in Dublin,
Georgia.

Curepoint LLC filed a petition for relief under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
22-56501) on August 19, 2022.  In the petition filed by Phillip
Miles, as designated manager, the Debtor reported assets between $1
million and $10 million and liabilities between $1 million and $10
million.

Todd E. Hennings has been appointed as Subchapter V trustee.

Will B. Geer, of Rountree, Leitman, Klein & Geer, LLC, is the
Debtor's counsel.


DELEK US: Moody's Affirms 'Ba3' CFR, Outlook Remains Stable
-----------------------------------------------------------
Moody's Investors Service affirmed the ratings of Delek US
Holdings, Inc., including the Ba3 Corporate Family Rating and B1
ratings on the existing senior secured term loans. The Speculative
Grade Liquidity Rating was downgraded to SGL-3 from SGL-1. The
rating outlook is stable.

"The affirmation of Delek US Holdings, Inc.'s ratings reflect the
sharp improvement in its refining earnings in 2022 and expected
recovery in its credit metrics to levels supportive of its Ba3
CFR," stated James Wilkins, Moody's Vice President - Senior
Analyst.

Ratings Affirmed:

Issuer: Delek US Holdings, Inc.

Corporate Family Rating, Affirmed Ba3

Probability of Default Rating, Affirmed Ba3-PD

Senior Secured Term Loan B, Affirmed B1 (LGD4)

Ratings Downgraded:

Issuer: Delek US Holdings, Inc.

Speculative Grade Liquidity Rating, Downgraded to SGL-3 from
SGL-1

Outlook Actions:

Issuer: Delek US Holdings, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

The affirmation of Delek's Ba3 CFR reflects its declining leverage
and a large cash balance which is indicative of its relatively
conservative financial policies that has supported it through
periods of volatile refining industry profit margins, including the
effects of the COVID-19 pandemic, and potentially high cost of
compliance with the renewable fuels standard program (RINs
expenses). The company's refining operations have shown rapid
improvement in 2022, particularly in the second quarter, after weak
performance in 2020-2021. Earnings for the last twelve months ended
June 30, 2022, remain below 2018-2019 levels, but Moody's expects
continued robust earnings will improve Delek's cash flow and
leverage metric in 2022-23.

Delek's refining and marketing operations include four refineries
of modest scale that are geographically focused and have a combined
crude oil throughput capacity of 302 thousand barrels per day
(mbpd). The refineries are positioned in Texas, Louisiana and
Arkansas where they can benefit from both growing Permian crude oil
production and other locally-sourced crudes that are purchased at a
discount to WTI Cushing prices. The company also benefits from more
stable earnings generated by midstream operations, through its
ownership interests in Delek Logistics Partners, LP (B1 stable) and
retail gas station network.

The secured term loan is rated B1, one notch below the Ba3 CFR,
reflecting the priority claim of the $1 billion revolving credit
facility, which shares the same collateral as the term loan, but
has a first lien on working capital and a second lien on fixed
assets, whereas the term loan has a first lien priority claim on
fixed assets and a second lien on working capital. Moody's views
the B1 rating assigned to the secured term loan as more appropriate
than the Ba3 rating indicated by Moody's Loss Given Default
Methodology given the inherent volatility of the company's trade
payables and lack of material other debt outstanding that is
subordinated to the term loan.

The lowering of Delek's Speculative Grade Liquidity rating to SGL-3
reflects the current maturities of its revolving credit facility
and supply and off-take agreements that finance working capital for
three of its refineries. Moody's expects that the company will
extend the maturity of these facilities in the near-term and that
its large cash balance and Moody's expectation the company will
generate positive free cash flow in 2022-2023 support the adequate
liquidity rating. The company has kept elevated cash balances ($1.2
billion as of June 30, 2022) and plans to continue to do so.
Delek's undrawn $1 billion ABL revolving credit facility revolver
had outstanding letters of credit totaling $364 million, leaving
$636 million of borrowing capacity as of the end of the second
quarter 2022. However, the facility, which matures March 30, 2023,
has less than one year to its maturity. The Delek revolver has a
minimum fixed charge coverage ratio of 1.0x, which is only tested
if excess availability is less than the greater of 10% of the
revolver borrowing base (capped at $1 billion) and $90 million.
Moody's does not expect the covenant to be tested through 2023. The
company's liquidity benefits from supply and off-take agreements
covering three refineries with J. Aron that mature on December 30,
2022. Should these agreements not be renewed, Delek would have to
invest a substantial amount in working capital. (The obligation
under the supply and off-take agreements totaled $770.5 million as
of June 30, 2022.)

The stable outlook reflects Moody's expectation that Delek will
continue to generate positive free cash flow in 2022-2023 and will
maintain at least adequate liquidity.

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

The ratings could be downgraded if profitability of refining
operations declines or retained cash flow to debt remains below
15%. The ratings could be upgraded if retained cash flow to debt is
sustainable above 25%, refining margins improve such that all
refineries produce free cash flow in trough market conditions and
the company increases scale by adding refineries to its portfolio
or expanding existing operations such that it benefits from larger
scale operations (refineries with throughput capacity greater than
100 mbpd).

The principal methodology used in these ratings was Refining and
Marketing published in August 2021.

Delek US Holdings, Inc. (NYSE: DK), headquartered in Brentwood,
Tennessee, is an independent refining and wholesale marketing
company with 302 mbpd of total crude oil throughput capacity at
four refineries with an average Nelson Complexity of 9.6, midstream
assets and retail operations.


EAST COAST CONSTRUCTION: Proposed Confirmation Order Due Sept. 15
-----------------------------------------------------------------
Judge Robert E. Littlefield, Jr.m has entered an order granting
East Coast Construction & Renovations, LLC's request for additional
30-days to complete and submit its Proposed Order Confirming
Debtor's Chapter 11 Plan, extending the deadline to Sept. 16,
2022.

In seeking the extension, the Debtor explained that pending before
the Court are two applications seeking approval of compensation for
professionals of the Debtor.  The outcome of those hearing directly
impacts plan language and anticipated payments and, as such, the
Debtor would request the opportunity for those applications to be
considered and granted, prior to submitting a Proposed Confirmation
Order.

A full-text copy of the Plan of Reorganization dated Nov. 2, 2021,
is available at https://bit.ly/3o9Qk7h from PacerMonitor.com at no
charge.

Attorney for the Debtor:

     Michael L. Boyle, Esq.
     BOYLE LEGAL, LLC
     64 2nd Street
     Troy, NY 12180
     Tel: (518) 407-3121
     E-mail: mike@boylebankruptcy.com

           About East Coast Construction & Renovations

East Coast Construction & Renovations, LLC, is a Limited Liability
Company in the business of general construction and contracting.
It is operated and managed by its sole member, Mr. Joel Burgess.

East Coast Construction & Renovations filed sought protection for
relief under Subchapter V of Chapter 11 of the Bankruptcy Code
(Bankr. N.D.N.Y. Case No. 21-10701) on July 21, 2021, listing up to
$100,000 in assets and up to $500,000 in liabilities.  Judge Robert
E. Littlefield, Jr. oversees the case.  

Michael L. Boyle, Esq., at Boyle Legal, LLC and Jill M. Flinton,
CPA, PLLC serve as the Debtor's legal counsel and accountant,
respectively.


EASTGATE WHITEHOUSE: Files Bare-Bones Chapter 11 Petition
---------------------------------------------------------
Eastgate Whitehouse LLC filed for chapter 11 protection in the
Southern District of New York without stating a reason.

Wilmington Trust, National Association, as Trustee for the Benefit
of the Registered Holders of Wells Fargo Commercial Mortgage Trust
2018-C46, Commercial Mortgage Pass-Through Certificates, Series 20,
has submitted a notice of appearance in the case.

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

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
Sept. 29, 2022, at 1:00 PM at Office of UST (TELECONFERENCE ONLY) -
CHAPTER 11s.

                    About Eastgate Whitehouse

Eastgate Whitehouse LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 22-22635) on Aug.
19, 2022.  In the petition filed by William W. Koeppel, as managing
member, the Debtor reported assets between $10 million and $50
million and liabilities between $10 million and $50 million.

Joel Shafferman, of Shafferman & Feldman, LLP, is the Debtor's
counsel.


ECTOR COUNTY: NRG Unit's Move to Pursue Insider Claims Denied
-------------------------------------------------------------
James Nani of Bloomberg Law reports that Ector County Energy Center
LLC's largest unsecured creditor failed in its bid to pursue claims
that the bankrupt Texas power plant's insiders engaged in
fraudulent asset transfers.

As an individual creditor, Direct Energy Business Marketing LLC,
which is an affiliate of NRG Energy, lacked standing to pursue
those claims on behalf of Ector's Chapter 11 estate, US Bankruptcy
Judge John Dorsey ruled during a Wednesday hearing.

Direct Energy is suing Ector and Ector's owner, Invenergy, for
about $400 million over the power plant's alleged failure to uphold
a derivatives contract tied to power production, according to court
records.

                 About Ector County Energy Center

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

Due to a large number of lawsuits following the 2021 winter storm,
Ector County Energy Center sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 22-10320) on April 11, 2022.  In the
petition signed by CRO John D. Baumgartner, the Debtor estimated
assets between $50 million and $100 million and estimated
liabilities between $500 million and $1 billion.

Judge John T. Dorsey oversees the case.

The Debtor tapped Holland & Knight, LLP as lead bankruptcy counsel;
Polsinelli, PC as local counsel; Locke Lord, LLP and Crowell &
Moring, LLP as special counsels; Perella Weinberg Partners, LP and
Tudor, Pickering, Holt & Co. as investment bankers; and Grant
Thornton, LLP as restructuring advisor.  John Baumgartner, managing
director at Grant Thornton, serves as the Debtor's chief
restructuring officer. Donlin Recano & Company Inc. is the claims
agent.



ENDO INT'L: Unit Asks Court to Stop Drug License Deal Termination
-----------------------------------------------------------------
In a heavily redacted complaint, Endo Ventures Ltd., an affiliate
of Endo International, is asking the Bankruptcy Court to stop
Nevakar Inc. from canceling their pre-Chapter 11 asset purchase and
drug licensing deal.

EVL seeks to enforce a Development, License and Commercialization
Agreement Agreement (2018) and an Asset Purchase Agreement (2022)
with Nevakar and subsidiary Nevakar Injectables Inc., and for
damages suffered as a result of Nevakar's breaches o those
agreements and the implied covenant of good faith and fair
dealing.

EVL also seeks a declaratory judgment that its actions did not
constitute any incurable material breach that might justify the
Defendants' attempt to unilaterally terminate the 2018 Agreement --
on the eve of the Debtor's commencement of Chapter 11 proceedings
-- which Defendants are attempting to do despite EVL having paid
over [_____] Defendants in expectation of their good faith and full
performance under the 2018 Agreement, which Defendants have failed
to deliver.

The Debtors say that the 2018 Agreement is one of the largest
drivers of overall value for the Debtors' Sterile Injectables
Segment, which in turn is one of the most important lines of
business being marketed in the Debtors' sale process.  In
particular, the Debtors expect to derive from the 2018 Agreement
gross profits of approximately: $20 million in 2013, $40 million in
2024, $55 million in 2025, and $50 million in 2026.

EVL said that if the 2018 Agreement was actually terminated or even
threatened to be terminated, such actual or threatened termination
of the patent license will impact the ability of EVL and its
affiliates and third party partners' ability to continue to sell
the Ephedrine Vial Product.

                   About Endo International

Endo International plc (NASDAQ: ENDP) is a specialty pharmaceutical
company committed to helping everyone it serves live their best
life through the delivery of quality, life-enhancing therapies.
Its decades of proven success come from passionate team members
around the globe collaborating to bring the best treatments
forward.  Together, the Company boldly transforms insights into
treatments benefiting those who need them, when they need them.  On
the Web: http://www.endo.com/

On Aug. 16, 2022, Endo International plc and certain of its
subsidiaries initiated voluntary prearranged Chapter 11 proceedings
(Bankr. S.D.N.Y. Lead Case No. 22-22549). The Company's cases are
pending before the Honorable James L. Garrity, Jr.

The Company has put up a Web site dedicated to its restructuring:
http://www.endotomorrow.com/

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, PJT Partners LP is serving as investment banker, and
Alvarez & Marsal is serving as financial advisor to Endo.  Kroll is
the claims agent.


ENTERPRISE CHARTER: Fitch Affirms 'CCC' LongTerm IDR
----------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Rating of
Enterprise Charter School (ECS) and the rating on approximately
$6.4 million in outstanding series 2011A revenue bonds issued by
the Buffalo and Erie County Industrial Land Development Corporation
(NY) on behalf of the Enterprise Charter School (NY) at 'CCC'.

SECURITY

The bonds are secured by a pledge of the gross revenues of ECS, a
first mortgage lien on the school's facilities, assignment of rents
and leases receivable, and a cash-funded debt service reserve fund
sized to maximum annual debt service.

KEY RATING DRIVERS

The 'CCC' ratings reflect the legal agreement reached between ECS
and the board, which allows for continued operations through
academic year 2023-2024 with re-evaluation of charter renewal
thereafter. Uncertainty immediately following non-renewal in spring
2021 resulted in enrollment pressure in 2021-2022, which, combined
with legal fees, will likely result in violation of ECS's debt
service covenant. The 'CCC' rating recognizes that default remains
a real possibility, but is no longer likely to be imminent or
inevitable, given the operating agreement that allows the ECS to
remain open through 2024.

Fitch notes that the school's financial profile could support a
higher rating given ECS's record of positive operating results,
stable enrollment at the authorized capacity, and prudent budget
management prior to fiscal 2022 volatility.

Revenue Defensibility -- Midrange: The midrange assessment reflects
ECS's history of stable enrollment near its charter cap prior to
the 2021-2022 academic year, offset by weak academic performance
compared with both local public school district and state averages.
Early indications based on ECS's use of the iReady assessment
platform suggest improvement relative to benchmarks, but sustained
improvement through the end of the evaluation period in academic
year 2023-2024 will be necessary to improve prospects for renewal.

Enrollment declines in the 2021-2022 academic year spanned most
grade levels and ECS's waitlist indicates that some enrollment
pressure will persist in 2022-2023. Failure to recover near
historical enrollment and waitlist counts beyond the 2022-2023
academic year will likely result in further rating pressure.

Operating Risk -- Midrange: Fitch believes ECS has midrange
flexibility to vary costs with enrollment shifts and expects fixed
carrying costs for debt service and pension contributions to remain
moderate. Fitch considers expense pressure related to the legal
suit (about $356,000 or 5% of spending) to be temporary, but will
continue to monitor expense adjustments as ECS responds to recent
enrollment declines.

Financial Profile -- 'bbb': ECS's leverage metrics are consistent
with a 'bbb' assessment in Fitch's forward-looking scenario
analysis, reflecting a history of cash management and historically
balanced operations.

Asymmetric Additional Risk Considerations: Covenant and Charter
Risk -- ECS filed a lawsuit against Buffalo City School Board in
the spring of 2021 following the nonrenewal of the school's
charter. ECS and the board reached an agreement allowing continued
operations through the 2023-2024 academic year with strict
performance goals. Legal expenses related to the case and an
enrollment decline in the 2021-2022 academic year may result in
failure to meet debt service covenants, requiring a consultant call
and potential event of default if declared by a majority of
bondholders.

ESG - Factors: Enterprise Charter School has an elevated ESG
Relevance Score for Group Structure due to the risk associated with
charter non-renewal.

RATING SENSITIVITIES

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

-- Consistent progress towards benchmarks would support charter
    renewal in 2024;

-- A return to enrollment consistent with historical levels
    resulting in balanced financial operations and ongoing
    compliance with bond debt service covenants.

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

-- Persistently lower enrollment and waitlist metrics in fiscal
    2023 or beyond;

-- Failure to make progress toward the benchmarks laid out for
    charter renewal in 2024;

-- Declaration of and event of default would result in downgrade
    to 'D'.

CREDIT PROFILE

Enterprise Charter School opened in 2003 in the city of Buffalo,
NY. It currently serves around 400 students in grades K-8. ECS is
authorized by the local school district, Buffalo Public Schools
(BPS), and has had its charter renewed six times to date, albeit
for varying durations. The school's most recent two-year charter
expired on June 30, 2021. The short renewal was due to continued
deficiencies in meeting academic performance benchmark/indicators.

Current Developments

On March 31, 2021, the board voted 7-2 in favor of not renewing the
ECS charter. The board cited the reason for non-renewal as lack of
progress in academic performance metrics compared to the local
school district. Following the board's decision, Enterprise Charter
School (along with another charter school which did not get renewed
from the board) filed a lawsuit with the New York State Supreme
Court against the Buffalo School Board of Education (the board).

Enterprise argued that the school board did not comply with the
lawful procedure articulated in the New York State Charter Schools
Act and its corresponding regulations, as well as having violating
the Open Meetings Law in reaching its decision not to renew the
charter school.

On June 2, 2021, the judge heard oral arguments for the case
regarding Enterprise Charter School and granted a temporary
restraining order to prevent the closure of the school. On June 23,
the preliminary court hearing was held, for which both parties
agreed to submit their briefs on paper to the judge.

Following the review of the submissions, the New York State Supreme
Court judge granted ECS a preliminary injunction. The preliminary
injunction allowed the school to continue normal operations through
the 2021-2022 academic year while the case began a period of
discovery.

During the period of discovery an agreement was reached in January
of 2022 between the board and ECS, allowing the school to operate
through academic year 2023-2024, at which time ECS will be assessed
relative to benchmarks for academic performance, student
composition, and leadership transition.

The school has invested in addressing academic performance concerns
through different programs and management has indicated that the
school's academic performance has shown continued positive progress
on school administered academic assessments in order to evaluate
student performance.

Likewise, ECS has replaced its principal, consistent with the
agreement, and adopted a weighted lottery structure that is
expected to increase enrollment of student with disabilities and
English language learners.

Given the uncertainty of continued operation immediately following
non-renewal, ECS saw an enrollment decline of 17% in the 2021-2022
academic year (to 331 from 399), despite a waitlist of nearly 90
students. The enrollment decline resulted in significant shortfalls
in state per-pupil revenues, and Fitch expects ECS will likely fail
to meet debt service covenants in fiscal 2022 due to the
combination of the revenue shortfall and elevated legal costs
related to the suit.

Management reports that ECS is engaging a consultant through the
trustee in accordance with the bond documents, but Fitch remains
concerned that a majority of bondholders may declare an event of
default regardless of consultant engagement should ECS's final
reported coverage fall below 1.0x.

RATING ACTIONS

ENTITY/DEBT                RATING         PRIOR
-----------                ------         -----  
Enterprise Charter  LT IDR  CCC  Affirmed   CCC
School (NY)
Enterprise

  Charter School    LT      CCC  Affirmed   CCC
  (NY) /General
   Revenues/1 LT


EQUANIMITY BEHAVIORAL: Updates Unsecured Claims Pay Details
-----------------------------------------------------------
Equanimity Behavioral Services Co. submitted a Second Amended Plan
of Reorganization for Small Business dated August 22, 2022.

The Debtor is now generating revenue which is included in the
Debtor's projections which enhances its revenues from its business.
Specifically, the Debtor has sought to stabilize its operations
while at the same time hire additional personnel to not only
increase revenues and profits, but to service the children who are
on waiting lists for much needed help and care.

The Debtor's projections, together with its performance
historically, show an ability to make the plan payments. The Debtor
had to take out several high interest loans which became
unsustainable due to several adverse economic issues pre petition,
including Covid 19 and a billing failure which caused a loss of
substantial revenue.

This Plan will pay the first lender, The Small Business
Administration ("SBA"), up to the value of the assets, $75,000, by
making payments as set forth in the Plan at the interest rate of
3.5% The remainder of the SBA loan is treated as unsecured under
the Plan and will receive pro rata distribution under the Plan. All
other creditors claiming a security interesting he Debtor's assets
are wholly under secured and will be treated as unsecured creditors
under the Plan.

The Debtor has a commercial lease with its Landlord at 701
Promenade Dr. #250, Pembroke Pines, Florida. The lease expires in
July 2026 The Debtor has sub-leased part of its unneeded premises
for $1,300 per month thus decreasing its net rent outlay each
month.

The Debtor's operations have stabilized and is once again growing
allowing for the filing of this Plan which will pay creditors
substantially more than under a Chapter 7 liquidation. The Plan
payments will be made from net revenues (disposable income) over
the life of the Plan.

General Unsecured creditors with allowed claims will be paid
$63,398 over the life of the Plan, approximately 16.5 % which will
be disbursed pro rata in year 5 of the Plan. Because of the
substantial amount of Priority indebtedness and the requirement
that the IRS be paid within 60 months of the filing of the
bankruptcy petition, the payments to unsecured creditors cannot be
made until year 5.

Debtor has a potential claim against a medical billing contractor.
Debtor is unsure of the extent of potential recovery, if any.
Debtor will distribute 50% of any recovery form such potential
claim to class 2 general unsecured creditors, after payment of
attorneys fees and costs. The remainder will be utilized by the
Debtor for operations.

Equity Interest Holders as scheduled shall maintain their equity
ownership of the Debtor which they held pre-petition and shall
receive no distribution under the Plan.

The Debtor shall fund the plan from its revenues received from the
revenues derived from its operations which pursuant to its
projections is sufficient to pay the plan payments on a timely
basis.

A full-text copy of the Second Amended Plan dated August 22, 2022,
is available at https://bit.ly/3QRUUEm from PacerMonitor.com at no
charge.

Attorney for Debtor:

     Thomas L. Abrams, Esq.
     GAMBERG & ABRAMS
     633 S. Andrews Avenue, #500
     Fort Lauderdale, FL 33301
     Telephone: (954) 523-0900
     Fax: (954) 915-9016
     E-mail:tabrams@tabramslaw.com

             About Equanimity Behavioral Services

Equanimity Behavioral Services Co. filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla.
Case No. 22-13153) on April 22, 2022. At the time of filing, the
Debtor estimated $50,001 to $100,000 in assets and $500,001 to $1
million in liabilities. Thomas L. Abrams, Esq. at Gamberg & Abrams
serves the Debtor as its counsel.


ESCADA AMERICA: 717 GFC Steps Down as Committee Member
------------------------------------------------------
The U.S. Trustee for Region 16 on Aug. 24 disclosed in a court
filing that 717 GFC, LLC resigned from the official committee of
unsecured creditors in the Chapter 11 case of Escada America, LLC.

The remaining members of the committee are:

     1. Simon Property Group, Inc.
        Attention: Ronald M. Tucker
        225 West Washington Street
        Indianapolis, IN 46204
        Phone: (317) 263-2346
        Email: rtucker@simon.com

        Represented by: Ivan Gold
        Allen Matkins Leck Gamble Mallory & Natsis, LLP
        Three Embarcadero Center, 12th Floor
        San Francisco, CA 94111
        Phone: (415) 273-7431
        Email: igold@allenmatkins.com

     2. Ala Moana Anchor Acquisition, LLC
        c/o Brookfield Properties Retail, Inc.
        Attention: Julie Minnick Bowden
        350 N. Orleans St., Suite 300
        Chicago, IL 60654
        Phone: (312) 960-2707
        Email: julie.bowden@bpretail.com

        Represented by: Ivan Gold
        Allen Matkins Leck Gamble Mallory & Natsis, LLP
        Three Embarcadero Center, 12th Floor
        San Francisco, CA 94111
        Phone: (415) 273-7431
        Email: igold@allenmatkins.com

                       About Escada America

Escada America, LLC, owner of a clothing store in New York, sought
Chapter 11 bankruptcy protection (Bankr. C.D. Calif. Case No.
22-10266) on Jan. 18, 2022. In the petition filed by Kevin Walsh,
director of finance, the Debtor listed $1 million to $10 million in
both assets and liabilities.

Judge Sheri Bluebond oversees the case.  

John Patrick M. Fritz, Esq., at Levene, Neale, Bender, Yoo &
Golubchik, LLP serves as the Debtor's legal counsel while
Holthouse, Carlin & Van Trigt, LLP is the Debtor's accountant.

On May 18, 2022, the U.S. Trustee for Region 16 appointed an
official committee of unsecured creditors in this Chapter 11 case.
The committee tapped Kelley Drye & Warren, LLP as legal counsel and
Emerald Capital Advisors as financial advisor.

The Debtor filed its proposed Chapter 11 plan of reorganization and
disclosure statement on May 12, 2022.


FIRST TO THE FINISH: Seeks Chapter 11 Bankruptcy
------------------------------------------------
First to the Finish Real Estate LLC filed for chapter 11 protection
without stating a reason.

According to court filings, First to the Finish estimates between 1
and 49 creditors.  The bare-bones petition states that funds will
be available to unsecured creditors.

The Debtor's Chapter 11 Plan is due by Dec. 19, 2022.

             About First to the Finish Real Estate

First to the Finish Real Estate LLC is a real estate company in
Illinois.

On August 19, 2022 First to the Finish Real Estate LLC sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
S.D. Ill. Case No. 22-30513) on Aug. 19, 2022.  In the petition
filed by Michael Viano, as member and manager, the Debtor reported
assets and liabilities between $1 million and $10 million.

Michael J Benson, of A Bankruptcy Law Firm, LLC, is the Debtor's
counsel.


FROZEN ASSETS: Seeks to Hire Weissberg and Associates as Counsel
----------------------------------------------------------------
Frozen Assets Cold Storage, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Illinois to hire
Weissberg and Associates, Ltd. to serve as legal counsel in its
Chapter 11 case.

The firm's services include:

     a. advising the Debtor with respect to its powers and duties;

     b. assisting the Debtor in the negotiation, formulation and
drafting of a plan of reorganization and disclosure statement, and
representing the Debtor in the confirmation process;

     c.  examining claims asserted against the Debtor;

     d. taking necessary actions related to claims that may be
asserted against the Debtor, and preparing legal papers;

     e. representing the Debtor in all adversary proceedings and
contested matters;

     f. representing the Debtor in its dealings with the Office of
the U.S. Trustee and with creditors; and

     g. representing the Debtor in litigation in state and federal
courts.

The firm agreed to accept an advanced payment retainer in the
amount of $50,000, plus $1,738 for the Chapter 11 filing fee. The
rate for its services is $450 per hour.

As disclosed in court filings, the attorneys and legal assistants
at Weissberg and Associates are "disinterested" within the meaning
of Section 101(14) of the Bankruptcy Code.

Weissberg and Associates can be reached through:

     Ariel Weissberg, Esq.
     Weissberg and Associates, Ltd.
     564 W. Randolph Street, 2nd Floor
     Chicago, IL 60605
     Tel: 312-663-0004
     Fax: 312-663-1514
     Email: ariel@weissberglaw.com

                        About Frozen Assets

Frozen Assets Cold Storage, LLC is an Illinois limited liability
company organized on Jan. 28, 2004 and a premier provider of cold
storage and 3PL services in Chicago.

Frozen Assets filed a Chapter 11 petition (Bankr. N.D. Ill. Case
No. 22-03502) on March 25, 2022, listing up to $50,000 in assets
and $1 million to $10 million in liabilities. Michael Street, chief
financial officer and manager, signed the petition.

Judge Jacqueline P. Cox oversees the case.

Ariel Weissberg, Esq., at Weissberg and Associates, Ltd. is the
Debtor's legal counsel.


GA REAL ESTATE: Seeks to Hire Dexter Redding as Accountant
----------------------------------------------------------
GA Real Estate Acquisitions, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ
Dexter Redding, CPA as its accountant.

The Debtor requires an accountant to prepare and file its tax
returns and provide other necessary services during the pendency of
its Chapter 11 case.

Dexter Redding, CPA has agreed to a flat fee of $500, charged
yearly, for the preparation of tax returns and related services.

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

The firm can be reached through:

     Dexter M. Redding, CPA
     Dexter Redding, CPA
     5350 Westford Circle
     Atlanta, GA 30349
     Phone:  404-767-1933

                 About GA Real Estate Acquisitions

GA Real Estate Acquisitions, LLC is engaged in activities related
to real estate. The company is based in Ellenwood, Ga.

GA Real Estate Acquisitions filed its voluntary petition for relief
under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code
(Bankr. N.D. Ga. Case No. 22-55886) on July 29, 2022, listing up to
$10 million in both assets and liabilities. Cameron McCord serves
as Subchapter V trustee.

Judge Lisa Ritchey Craig oversees the case.

Rountree Leitman Klein & Geer, LLC and Dexter Redding, CPA serve as
the Debtor's legal counsel and accountant, respectively.


GENAPSYS INC: Shareholders Break-Up Fee Bidding Protection Denied
-----------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that a group of three Genapsys
Inc. shareholders lost their request for a $1.3 million fee in the
event their $42 million bid for the bankrupt gene sequencing
company falls apart or is defeated at auction.

Farallon Capital Management LLC, Soleus Private Equity Fund II LP,
and PBM GEN Holdings LLC, who together hold nearly $70 million in
Genapsys' preferred equity, have agreed to put forward a starting
bid for the company's assets consisting of $10 million in cash and
the assumption of $32 million of prepetition indebtedness to Oxford
Finance LLC

The Debtor has sought Court approval to enter into a stalking horse
agreement with Sequencing Health, Inc., an entity affiliated with
entities, funds and/or accounts managed or advised by holders of
the Debtor’s Series D Preferred Equity Interests.

The U.S. Trustee said it objects to the Motion to the extent that
it seeks to provide bid protections of (i) a Break-Up Fee in the
amount of $1,290,000 and (ii) an Expense Reimbursement in a maximum
amount not to exceed $750,000.  

"Bid protections are intended to provide an incentive for a party
to expend the time and resources performing necessary due diligence
to make a stalking horse bid. Here, Sequencing Health, Inc. did not
need any additional incentive to place a bid, as it is an entity
affiliated with entities, funds and/or accounts managed or advised
by three holders of preferred equity interests in the Debtor. In
addition, one of the three holders of preferred equity interests
has a representative that serves on the Debtor's board, which
presumably reduced the need for extensive due diligence," the U.S.
Trustee said.

                       About GenapSys Inc.

GenapSys Inc. -- https://genapsys.com/ -- is a biotechnology
company that transforms the human condition by building a scalable,
affordable genomic sequencing ecosystem that will support research
and diagnostics. It is based in Redwood City, Calif.

GenapSys sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Del. Case No. 22-10621) on July 11, 2022.  In the
petition filed by Britton Russell, chief financial officer and
treasurer, the Debtor listed assets between $10 million and $50
million and liabilities between $50 million and $100 million.

Judge Brendan Linehan Shannon oversees the case.

The Debtor tapped Richards, Layton & Finger, PA as bankruptcy
counsel; Willkie Farr & Gallagher LLP as special litigation and
corporate counsel; and Lazard Freres & Co. LLC as investment
banker. Kroll Restructuring Administration LLC is the Debtor's
claims and noticing agent and administrative advisor.


GLOBAL ALLIANCE: Wins Cash Collateral Access Thru Sept 2
--------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized Global Alliance Distributors, Inc. to use cash
collateral on an interim basis in accordance with its stipulation
with Kapitus LLC.

The Debtor is authorized to use receivables and cash collateral to
pay ordinary and necessary operating expenses in accordance with
the terms of the Stipulation and the budget, which amends the
budget attached to the Stipulation, on an interim basis through
September 2, 2022.

During the Interim Period, the Debtor must maintain a combined
balance of all bank accounts of not less than $45,000 and is
prohibited from withdrawing funds from its accounts if the
withdrawal would result in a combined balance of less than
$45,000.

During the Interim Period, the Debtor must transfer $500 a week to
Susan K. Seflin, the Subchapter V trustee. The funds must be held
in the trust account of the Subchapter V Trustee pending court
approval of a fee application and authorization to apply the funds
held in trust to any approved fees and costs of the Sub V Trustee.
Kapitus has agreed to subordinate its ownership and security
interests in the funds held in trust by the Subchapter V Trustee to
the Subchapter V Trustee's right to seek authorization to apply the
funds to any court approved fees and costs. Any excess funds held
by the Subchapter V Trustee following final approval of all fees
and costs must be returned to the Debtor and Kapitus' ownership and
security interests in any returned funds will remain intact.

During the Interim Period and upon Court approval of the employment
of Menchaca & Company LLP, the debtor will transfer $1,000 a month
to M&C. The funds will be held in the trust account of M&C pending
Court approval of a fee application and authorization to apply the
funds held in trust to any approved fees and costs of M&C. Kapitus
also has agreed to subordinate its ownership and security interests
in the funds held in trust by M&C to M&C's right to seek
authorization to apply such funds to any Court approved fees and
costs.

As additional adequate protection to other secured parties with an
interest in cash collateral, such parties are granted replacement
liens upon all post-petition assets of the bankruptcy estate, to
the same extent, validity and priority of such parties'
pre-petition liens and security interests in the Debtor's assets.
The replacement liens are deemed duly perfected and recorded under
all applicable laws without the need for any notice or filings. The
grant of replacement liens does not limit the right of parties to
seek additional adequate protection of their interests and will not
be deemed a determination by the Court of the sufficiency of
adequate protection provided to such parties.

A further continued hearing on the matter is scheduled for
September 1 at 11:30 a.m.

A copy of the order and the Debtor's August 2022 budget is
available at https://bit.ly/3dZXhqc from PacerMonitor.com.

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

     $118,208 for the week ending August 5, 2022;
     $119,486 for the week ending August 12, 2022;
     $119,000 for the week ending August 19, 2022; and
     $125,438 for the week ending August 26, 2022.

                About Global Alliance Distributors

Founded in 2010, Global Alliance Distributors Inc. operates a
distribution center that distributes primarily Latino books and
magazines to approximately 250 supermarkets throughout California,
Nevada, Arizona and Florida.  It also distributes seasonal items,
including, but not limited to, school supplies, sporting goods and
equipment, snacks and candies. The Company also operates a logistic
business that provides cargo deliveries using independent
contractors.  Its logistical clients are two major  distribution
companies, A&C, which is currently the largest international
magazine distributor in the world, and Sally Beauty Supplies, a
national cosmetics manufacturer.

Global Alliance Distributors Inc. sought Chapter 11 bankruptcy
protection (Bankr. C.D. Cal. Case No. 22-12552) on May 5, 2022. In
the petition filed by Alberto Fabara, as CEO, Global Alliance
estimated assets between $500,000 and $1 million and estimated
liabilities between $1 million and $10 million.

The case is handled by Honorable Bankruptcy Judge Deborah J.
Saltzman.

The Law Offices of Sheila Esmaili serves as the Debtor's counsel.


HIGH WIRE: Posts $5.4 Million Net Income in Second Quarter
----------------------------------------------------------
High Wire Networks, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing net income
attributable to the company's common shareholders of $5.37 million
on $13.73 million of revenue for the three months ended June 30,
2022, compared to a net loss attributable to the company's common
shareholders of $1.96 million on $4.41 million of revenue for the
three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported net
income attributable to the company's common shareholders of $10.32
million on $26.41 million of revenue compared to a net loss
attributable to the company's common shareholders of $2.09 million
on $6.87 million of revenue for the six months ended June 30,
2021.

As of June 30, 2022, the Company had $45.46 million in total
assets, $23.67 million in total liabilities, $13.33 million in
total mezzanine equity, and $8.46 million in total stockholders'
equity.

High Wire said, "The Company generated losses in 2021 and High Wire
has generated losses since its inception and has relied on cash on
hand, sales of securities, external bank lines of credit, and
issuance of third-party and related party debt to support cash flow
from operations.  As of and for the six months ended June 30, 2022,
the Company had an operating loss of $2,403,599, cash flows
provided by operations of $404,441, and a working capital deficit
of $7,988,189.  These factors raise substantial doubt regarding the
Company's ability to continue as a going concern for a period of
one year from the issuance of these unaudited condensed
consolidated financial statements.

"The impact of COVID-19 on the Company's business has been
considered in these assumptions; however, it is too early to know
the full impact of COVID-19 or its timing on a return to more
normal operations.  Further, the recently enacted CARES Act
provides for economic assistance loans through the SBA.  As of June
30, 2022, ADEX had $10,000 of PPP loans outstanding from the SBA
under the CARES Act.  The PPP provides that the PPP loans may be
partially or wholly forgiven if the funds are used for certain
qualifying expenses as described in the CARES Act.  ADEX used the
proceeds from the PPP loans for qualifying expenses and is applying
for forgiveness of the PPP loans in accordance with the terms of
the CARES Act.

"Management believes that based on relevant conditions and events
that are known and reasonably knowable that its forecasts of
operations for one year from the date of the filing of the
unaudited condensed consolidated financial statements in the
Company's Quarterly Report on Form 10-Q indicate improved
operations and the Company's ability to continue operations as a
going concern.  The Company has contingency plans to reduce or
defer expenses and cash outlays should operations not improve in
the look forward period. The continuation of the Company as a going
concern is dependent upon the continued financial support from its
shareholders, the ability of management to raise additional equity
capital through private and public offerings of its common stock,
and the attainment of profitable operations."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001413891/000121390022048023/f10q0622_highwirenet.htm

                          About High Wire

High Wire Networks, Inc. is a global provider of managed security,
professional services and commercial or industrial electrical
solutions delivered exclusively through a channel sales model.  Its
services include design, installation, configuration and support
for unified communications, wired and wireless networks, cabling
and infrastructure, and electrical systems.

High Wire reported a net loss attributable to the company of $13.34
million for the year ended Dec. 31, 2021, compared to a net loss
attributable to the company of $693,083 for the year ended Dec. 31,
2020.  As of Dec. 31, 2021, the Company had $45.96 million in total
assets, $34.81 million in total liabilities, $13.59 million in
total mezzanine equity, and a total stockholders' deficit of $2.44
million.

Draper, UT-based Sadler, Gibb & Associates, LLC, the Company's
auditor since 2015, issued a "going concern" qualification in its
report dated April 15, 2022, citing that the Company has incurred
losses since inception, has negative cash flows from operations,
and has negative working capital, which creates substantial doubt
about its ability to continue as a going concern.


HOPE TRUCKER: Seeks to Hire Vivona Pandurangi as Legal Counsel
--------------------------------------------------------------
Hope Trucker Logistics, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Virginia to hire Vivona
Pandurangi, PLC to serve as legal counsel in its Chapter 11 case.

The firm's services include:

     a. preparing bankruptcy schedules and related forms;

     b. representing the Debtor at the initial debtor interview,
creditors' meeting and hearings before the bankruptcy court;

     c. advising the Debtor of its duties and responsibilities
under the Bankruptcy Code;

     d. assisting in the preparation of monthly operating reports;


     e. analyzing the Debtor's financial matters;

     f. advising the Debtor in connection with executory contracts
and drafting documents to reflect agreements with creditors;

     g. resolving motions for relief from stay and adequate
protection;

     h. negotiating for obtaining financing and use of cash
collateral, as necessary;

     i. determining whether reorganization, dismissal or conversion
is in the best interests of the Debtor and its creditors;

     j. working with the creditors' committee and other counsel, if
any;

     k. drafting any disclosure statement and plan of
reorganization; and

     l. handling other matters that arise in the normal course of
administration of the Debtor's bankruptcy estate.

Vivona Pandurangi will charge $350 per hour for its services.

The firm received a retainer in the amount of $5,000.

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

The firm can be reached through:

     Ashvin Pandurangi, Esq.
     Vivona Pandurangi, PLC
     211 Park Ave.
     Falls Church, VA 22046
     Tel: (571) 969-6540
     Fax: (571) 699-0518
     Email: ashvinp@vpbklaw.com

                    About Hope Trucker Logistics

Hope Trucker Logistics, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 22-11038) on
Aug. 6, 2022, listing as much as $500,000 in both assets and
liabilities. Faisal Khan, sole member, signed the petition.

Ashvin Pandurangi, Esq., at Vivona Pandurangi, PLC is the Debtor's
legal counsel.


IDAHO HEALTH: Seeks to Hire Johnson May as Bankruptcy Counsel
-------------------------------------------------------------
Idaho Health Data Exchange, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Idaho to hire Johnson May,
PLLC as its legal counsel.

The firm's services include:

     a. preparation and filing of bankruptcy schedules, statement
of financial affairs, and other related forms;

     b. attendance at all meetings of creditors, hearings, pretrial
conferences, and trials or any litigation arising in connection
with the Debtor's Chapter 11 case whether in state or federal
court;

     c. preparation, filing and presentation to the bankruptcy
court of any pleadings requesting relief;

     d. preparation, filing and presentation to the court of a
disclosure statement (if required) and plan or arrangement under
Chapter 11 of the Bankruptcy Code;

     e. review of claims made by creditors or interested parties,
and the preparation and prosecution of any objections to claims as
appropriate;

     f. preparation, filing and presentation to the court of all
applications to employ and compensate bankruptcy professionals;
and

     g. preparation and presentation of a final accounting and
motion for final decree closing the bankruptcy case.

The firm's hourly rates are as follows:

     Attorneys     $195 to $375
     Paralegal     $95 to $175

The Debtor agreed to pay the firm $45,000 as retainer.

As disclosed in court filings, Johnson May does not represent
interests adverse to the Debtor and its estate.

The firm can be reached through:

     Matthew T. Christensen, Esq.
     Chad R. Moody, Esq.
     Johnson May, PLLC
     199 N. Capitol Blvd., Suite 200
     Boise, ID 83702
     Phone: (208) 384-8588
     Fax: (208) 629-2157
     Email: mtc@johnsonmaylaw.com
            crm@johnsonmaylaw.com

                       About Idaho Health Data Exchange

Idaho Health Data Exchange Inc. -- https://idahohde.org/ -- is a
secure statewide internet-based health information exchange with
the goal of improving the quality and coordination of health care
in Idaho.

Idaho Health Data Exchange filed a petition for relief under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. D. Idaho
Case No. 22-00355) on Aug. 12, 2022, listing as much as $10 million
in both assets and liabilities. Matthew W. Grimshaw, Esq., at
Grimshaw Law Group, P.C. serves as Subchapter V trustee.

Judge Joseph M. Meier oversees the case.

Matthew Todd Christensen, Esq., at Johnson May, PLLC is the
Debtor's counsel.


IDE REAL ESTATE: Court Confirms Second Amended Plan
---------------------------------------------------
Judge Thomas J. Tucker has entered an order confirming the Second
Amended Combined Plan of Liquidation, and granting final approval
of the Disclosure Statement of IDE Real Estate Group, LLC.

No later than 30 days after the entry of this Confirmation Order,
the Liquidating Debtor must file a motion seeking the authority of
the Bankruptcy Court to sell the Real Property.

Section 3.1 of the Plan is modified as follows:

Class I: This Class shall receive payments and treats the allowed
secured claim of the City. The City shall possess an Allowed
Secured Claim in the amount of $42,797.73 against the Real Property
and shall retain its lien against the Real Property until it is
paid. The fair market value of the Real Property is $1,300,000.00.
No part of the City's Claim is an Unsecured Claim. The Oakland
County Treasurer and Huntington Bank also have secured claims
against the Real Property. The priority of liens securing the Real
Property is (1) the City; (2) the Oakland County Treasurer (Claim
No. 2); (3) the Oakland County Treasurer (Claim No. 3); and (4)
Huntington Bank. Pursuant to Article V below, the Liquidating
Debtor shall administer the Real Property for the benefit of, inter
alios, the City and make distributions to the City as set forth
herein. The City's Allowed Secured Claim shall be paid, in full,
from the sale proceeds from the sale of the Real Property on the
date of the closing. This Class is Impaired.

Section 3.2 of the Plan is modified as follows:

Class II: This Class shall receive payments and treats the Allowed
Secured Claim of the Oakland County Treasurer filed as Claim Number
2 in the Case. The Oakland County Treasurer shall possess an
Allowed Secured Claim in the amount of $16,307.15 against the Real
Property. The fair market value of the Real Property is
$1,300,000.00. No part of the Oakland County Treasurer's Claim is
an Unsecured Claim. The City and Huntington Bank also have Allowed
Secured Claims against the Real Property. The Oakland County
Treasurer also has a second Allowed Secured Claim against the Real
Property, which is treated as set forth in Class III, below.
Pursuant to Article V below, the Liquidating Debtor shall
administer the Real Property for the benefit of, inter alios, the
Oakland County Treasurer and make distributions to the Oakland
County Treasurer as set forth herein. The Oakland County
Treasurer's Allowed Secured Claim shall be paid, in full, from the
sale proceeds from the sale of the Real Property on the date of the
closing. This Class is Impaired.

Section 3.3 of the Plan is modified as follows:

Class III: This Class shall receive payments and treats the Allowed
Secured Claim of the Oakland County Treasurer filed as Claim Number
3 in the Case. The Oakland County Treasurer shall possess an
Allowed Secured Claim in the amount of $14,211.12 against the Real
Property. The fair market value of the Real Property is
$1,300,000.00. No part of the Oakland County Treasurer's Claim is
an Unsecured Claim. The City and Huntington Bank also have Allowed
Secured Claims against the Real Property. The Oakland County
Treasurer also has a second Allowed Secured Claim against the Real
Property, which is treated as set forth in Class II, above.
Pursuant to Article V below, the Liquidating Debtor shall
administer the Real Property for the benefit of, inter alios, the
Oakland County Treasurer and make distributions to the Oakland
County Treasurer as set forth herein. The Oakland County
Treasurer's Allowed Secured Claim shall be paid, in full, from the
sale proceeds from the sale of the Real Property on the date of the
closing. This Class is Impaired.

                   About IDE Real Estate Group

IDE Real Estate Group LLC is a Single Asset Real Estate (as defined
in 11 U.S.C. Section 101(51B)).

IDE Real Estate Group LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No.
22-42349) on March 26, 2022.  The Debtor stated it has no creditors
holding unsecured claims.  At the time of filing, the Debtor
estimated $500,000 to $1 million in assets and $1 million to $10
million in liabilities.

Judge Thomas J Tucker presides over the case.

Elliot G. Crowder, Esq. at STEVENSON & BULLOCK, P.L.C., is the
Debtor's counsel.


INTERNATIONAL LAND: Posts $1.9 Million Net Loss in Second Quarter
-----------------------------------------------------------------
International Land Alliance, Inc. filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $1.86 million on $16,973 of revenues and lease income
for the three months ended June 30, 2022, compared to a net loss of
$1.97 million on $8,340 of revenues and other income for the three
months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $3.35 million on $33,946 of revenues and lease income
compared to a net loss of $2.97 million on $17,559 of revenues and
lease income for the six months ended June 30, 2021.

As of June 30, 2022, the Company had $5.88 million in total assets,
$5.02 million in total liabilities, $293,500 in preferred stock
Series B, and $568,472 in total stockholders' equity.

International Land said, "Management evaluated all relevant
conditions and events that are reasonably known or reasonably
knowable, in the aggregate, as of the date the consolidated
financial statements were available to be issued and determined
that substantial doubt exists about the Company's ability to
continue as a going concern.  The Company's ability to continue as
a going concern is dependent on the Company's ability to generate
revenues and raise capital.  The Company has faced significant
liquidity shortages as shown in the accompanying financial
statements.  As of June 30, 2022, the Company's current liabilities
exceeded its current assets by approximately $4.5 million.  The
Company has recorded a net loss of $3,353,229 for the six months
ended June 30, 2022, has an accumulated deficit of approximately
$18.1 million as of June 30, 2022.  Net cash used in operating
activities for the six months ended June 30, 2022, was
approximately $330,200.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.

"The Company continues to raise additional capital through debt and
equity in order to fund its operations, which may have the effect
of potentially diluting the holdings of existing shareholders.

"Management anticipates that the Company's capital resources will
significantly improve if its plots of land gain wider market
recognition and acceptance resulting in increased plot sales.  If
the Company is not successful with its marketing efforts to
increase sales, the Company will continue to experience a shortfall
in cash, and it will be necessary to obtain funds through equity or
debt financing in sufficient amounts or to further reduce its
operating expenses in a manner to avoid the need to curtail its
future operations subsequent to June 30, 2022.  The direct impact
of these conditions is not fully known.

"However, there can be no assurance that the Company would be able
to secure additional funds if needed and that if such funds were
available on commercially reasonable terms or in the necessary
amounts, and whether the terms or conditions would be acceptable to
the Company.  In such case, the reduction in operating expenses
might need to be substantial in order for the Company to generate
positive cash flow to sustain the operations of the Company."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1657214/000149315222023366/form10-q.htm

                 About International Land Alliance

International Land Alliance, Inc. -- https://ila.company -- is an
international land investment and development firm based in San
Diego, California.  The Company is focused on acquiring attractive
raw land primarily in Northern Baja California, often within
driving distance from Southern California.  The Company's principal
activities are purchasing properties, obtaining zoning and other
entitlements required to subdivide the properties into residential
and commercial building lots, securing financing for the purchase
of the lots, improving the properties' infrastructure and
amenities, and selling the lots to homebuyers, retirees, investors
and commercial developers.

International Land reported a net loss of $5.06 million for the
year ended Dec. 31, 2021, compared to a net loss of $2.67 million
for the year ended Dec. 31, 2020. As of Dec. 31, 2021, the Company
had $5.86 million in total assets, $4.48 million in total
liabilities, $293,500 in preferred stock Series B (temporary
equity), and $1.09 million in total stockholders' equity.

Irvine, California-based Haskell & White LLP, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated April 15, 2022, citing that the Company has experienced
recurring losses from operations, has limited financial resources
to repay its obligations and will require substantial new capital
to execute its business plans, which raise substantial doubt about
its ability to continue as a going concern.


INVO BIOSCIENCE: Incurs $2.8 Million Net Loss in Second Quarter
---------------------------------------------------------------
INVO Bioscience, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
of $2.80 million on $146,135 of total revenue for the three months
ended June 30, 2022, compared to a net loss of $1.82 million on
$208,472 of total revenue for the three months ended June 30,
2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $5.58 million on $308,733 of total revenue compared to a
net loss of $4.27 million on $892,995 of total revenue for the six
months ended June 30, 2021.

As of June 30, 2022, the Company had $6.42 million in total assets,
$3.07 million in total liabilities, and $3.36 million in total
stockholders' equity.

Invo Bioscience stated, "We have been dependent on raising capital
from debt and equity financings to meet our needs for cash to fund
our operating expenses and investing activities.  During the first
six months of 2021, we converted approximately $1.2 million of
outstanding debt to equity and received approximately $0.4 million
of proceeds from unit purchase option and warrant exercises.
During the first six months of 2022, we received proceeds of
approximately $0.3 million for the sale of our common stock.  Our
current plan includes opening additional INVO Centers over the next
12 months. Until we can generate a sufficient amount of cash from
operations and to the extent additional funds are necessary to meet
our longer-term liquidity needs and to execute our business
strategy, we will need to raise additional funding, as in the past,
by way of debt and/or equity financings.  Such additional funding
may not be available on reasonable terms, if at all"

Management Commentary

"During the last few months, we have focused on driving improved
operational performance at our existing INVO Centers and advancing
the opening of new locations, while simultaneously exploring
acquisition opportunities that would help add immediate and
significant scale to our overall operations and accelerate our path
to profitability," commented Steve Shum, CEO of INVO.  "In our
existing clinics, we continue to see growing volume in patient
inquiries and consultations, a leading indicator of future IVC
cycles.  Based on current cycle expectations, we are anticipating
third quarter clinic revenue to increase significantly compared to
our second quarter results.  We are actively working within our
U.S. distribution business and with international partners to
enhance end-market awareness and to obtain necessary regulatory
approval in key markets, such as China."

"On the acquisition front, we are excited by the prospect of
bringing one or more established and profitable fertility centers
into our operations," Shum expanded.  "The practitioners we are in
discussion with share our vision of leveraging the INVOcell
solution to expand access to fertility and agree with our position
that IVF and IVC are complementary to one another."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001417926/000149315222022890/form10-q.htm

                       About INVO Bioscience

Sarasota, Florida-based INVO Bioscience, Inc. --
http://invobioscience.com-- is a medical device company focused on
creating simplified, lower-cost treatments for patients diagnosed
with infertility.  The Company's solution, the INVO Procedure, is a
revolutionary in vivo method of vaginal incubation that offers
patients a more natural and intimate experience. Its lead product,
the INVOcell, is a patented medical device used in infertility
treatment and is considered an Assisted Reproductive Technology
(ART).

Invo Bioscience reported a net loss of $6.65 million in 2021, a net
loss of $8.35 million in 2020, a net loss of $2.16 million in 2019,
a net loss of $3.07 million in 2018, and a net loss of $702,163 in
2017. As of Dec. 31, 2021, the Company had $10.47 million in total
assets, $3.16 million in total liabilities, and $7.31 million in
total stockholders' equity.

Houston, Texas-based M&K CPAS, PLLC, the Company's auditor since
2019, issued a "going concern" qualification in its report dated
March 31, 2022, citing that the Company has suffered net losses
from operations and has a net capital deficiency, which raises
substantial doubt about its ability to continue as a going concern.


IRONSIDE LLC: Court  Confirms Lubchem Plan
------------------------------------------
Judge Eduardo V. Rodriquez has entered an order approving and
confirming the Corrected Second Amended Combined Chapter 11 Plan of
Liquidation and Disclosure Statement for Ironside, LLC and Ironside
Lubricants, LLC.

The Settlement Agreement and Mutual Release between the Debtors and
Lubchem, Inc. is approved, as modified by this Order and in the
accompanying Exhibit 1 with the following link:
https://bit.ly/3QBixAZ, to this Order, which substitutes a
corrected Settlement Agreement with changes to Paragraphs 10 and 12
of the said Settlement Agreement, as part of the Confirmed Plan.

The transfers of property of the Estate to Lubchem, Inc., are
approved in all respects on the terms set forth in the Confirmed
Plan, and the assets transferred to Lubchem, Inc. shall be
transferred free and clear of all liens, claims, and encumbrances
of any kind, except as expressly provided in the Confirmed Plan or
this Order.

That all cash held by the Liquidating Debtors on the Effective
Date, minus any amounts utilized by Randy Riney to pay accounts
payable and US Trustee fees, shall be remitted to Lubchem by wire
transfer within 14 days after the Effective Date.

All applications for the award of professional fees must be filed
within 30 days of the signing of the Confirmation Order.

All objections to unsecured proofs of claims must be filed within
60 days.

Rejection Claims, as defined in Section III of the Confirmed Plan,
must be made within 30 days.

All other Post-Petition Trade Claims will be forever barred unless
an administrative expense claim is filed within 14 days.

Each class of claims or interests has either: (a) accepted the Plan
or (b) is not impaired under the Plan. Here, holders of claims in
Classes 1 and 2 are not impaired, and holders of claims in Classes
3 and 4 are impaired and have accepted the Plan. Interest holders
in Class 5, which are impaired, have accepted the Plan in
accordance with the terms of the Mediated Term Sheet and the
Settlement Agreement.

Ironside LLC and Ironside Lubricants LLC submitted a Corrected
Second Amended Combined Chapter 11 Plan of Liquidation and
Disclosure Statement.

Under the Plan, Class 4 general unsecured claims total $10,206,049.
This figure includes Lubchem's $9.5 million allowed unsecured
claim which is a separate class but the unsecured claim will
receive the same treatment for voting purposes as other unsecured
claims in Class 4.  Lubchem votes in both Class 3 and Class 4.
Creditor Jerry Kutach filed duplicate claims for $706,048.73 and
Lubchem has an allowed claim of $9.5 million if the Plan is
confirmed with the incorporated Mediated Settlement Agreement.  

The Debtors strongly dispute validity and liability of the Kutach
claims.  Debtors filed an objection to the Kutach proof of claims
given Mr. Kutach alleged he was unable to work, but was witnessed
working on construction job sites and hauling lumber. On
information and belief, if Mr. Kutach was injured, his injury was
not from working for the Debtors.

Allowed Class 4 Claims will be entitled to receive a pro rata share
of the cash to be distributed from the $850,000 Unsecured Fund, if
any, after payment of all senior Claims, including Allowed
Administrative Claims (including Allowed Professional Fee Claims),
Allowed Priority Tax Claims, and Allowed Other Priority Claims.
For purposes of calculation of distribution to Class 4 creditors,
Lubchem's claim shall be an allowed Class 4 claim in the amount of
$9.5 million.  In the interest of clarity, Lubchem, as Disbursing
Agent which is funding the Unsecured Fund, shall make appropriate
distributions to the remaining unsecured creditors and shall not
make any actual cash distributions to itself.  

Class 4 will recover less than 1% of claims.  Class 4 is impaired.

Counsel for the Debtors:

     Leonard H. Simon, Esq.
     PENDERGRAFT & SIMON, LLP
     2777 Allen Parkway, Suite 800
     Houston, TX 77019
     Tel: (713) 528-8555
     Fax: (713) 868-1267
     E-mail: lsimon@pendergraftsimon.com

A copy of the Order dated August 17, 2022, is available at
https://bit.ly/3K9Ejte from PacerMonitor.com.

A copy of the Corrected Second Amended Combined Chapter 11 Plan of
Liquidation and Disclosure Statement dated August 17, 2022, is
available at https://bit.ly/3QBixAZ from PacerMonitor.com.

                        About Ironside LLC

Ironside, LLC -- https://ironsidemfg.com/ -- designs and builds a
line of thru-tubing mud motors and other components for the
oilfield industry. Its products include bearings, transmissions,
components, motors, agitator, and dual flapper valve.

Ironside, LLC and its affiliate, Ironside Lubricants, LLC, filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 20-34222) on Aug.
20, 2020. Randy Riney, managing member, signed the petitions. At
the time of the filing, Ironside, LLC disclosed estimated assets of
$1 million to $10 million and estimated liabilities of $500,000 to
$1 million. Judge Eduardo V. Rodriguez oversees the cases.

Pendergraft & Simon, LLP, serves as the Debtors' legal counsel.


JAGUAR DISTRIBUTION: Liquidating Trustee Taps Greenspoon as Counsel
-------------------------------------------------------------------
Elissa Miller, the official appointed in Jaguar Distribution
Corp.'s Chapter 11 case to oversee the Jaguar Liquidating Trust,
seeks approval from the U.S. Bankruptcy Court for the Central
District of California to employ Greenspoon Marder, LLP as her
legal counsel.

The firm's services include:

      (i) representing the liquidating trustee in implementing the
terms and conditions of the Debtor's Chapter 11 plan of liquidation
and the trust;

     (ii) reviewing the proofs of claims filed against the estate
for allowance and payment, including claims for payment of
administrative expenses under Section 503 of the Bankruptcy Code;

    (iii) prosecuting avoidance actions and other claims for relief
belonging to the trust, if any; and

     (iv) performing other duties assigned by the liquidating
trustee.

The firm will charge these hourly fees:

     Victor A. Sahn   $750
     Steve Burnell    $475

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

The firm can be reached through:

     Victor A. Sahn, Esq.
     Steve Burnell, Esq.
     Greenspoon Marder, LLP
     333 South Grand Avenue, Suite 3400
     Los Angeles, CA 90071
     Telephone: 213-626-2311
     Facsimile: 954-771-9264
     Email:  victor.sahn@gmlaw.com
             steve.burnell@gmlaw.com

                  About Jaguar Distribution Corp.

Established in 1982, Jaguar Distribution Corp. --
http://www.jaguardc.com-- is a distributor of independent films to
the worldwide in-flight marketplace.

Jaguar Distribution sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 20-11358) on July 31,
2020, disclosing total assets of $1,768,195 and total liabilities
of $9,018,419.  James Wong, chief restructuring officer, signed the
petition.

Judge Martin R. Barash oversees the case.

Danning, Gill, Israel & Krasnoff, LLP and Greg Seigel, CPA serve as
the Debtor's legal counsel and accountant, respectively.

The U.S. Trustee for Region 16 appointed an official committee of
unsecured creditors on Aug. 21, 2020.  The committee is represented
by SulmeyerKupetz, A Professional Corporation.

Elissa D. Miller, the official overseeing the Jaguar Liquidating
Trust, is represented by Greenspoon Marder, LLP.


JAGUAR HEALTH: Gets 180-Day Extension to Regain Nasdaq Compliance
-----------------------------------------------------------------
Jaguar Health, Inc. received on Aug. 18, 2022 a formal notice that
the Listing Qualifications Staff of The Nasdaq Stock Market LLC has
granted Jaguar an additional 180-day grace period, through Feb. 13,
2023, to regain compliance with the $1.00 bid price requirement for
continued listing on The Nasdaq Capital Market.  To evidence
compliance, the Company must report a closing bid price of at least
$1.00 per share for a minimum of ten consecutive business days on
or before Feb. 13, 2023.

"We are pleased to have obtained additional time from Nasdaq to
evidence compliance with the bid price requirement," Lisa Conte,
Jaguar's president and CEO, said.  "Jaguar is focused on two
late-stage clinical events in the next approximately 6 to 12 months
that we expect to be transformational in terms of value creation
and recognition for the Company as we seek to regain compliance
with the rule.  We anticipate the completion in 2022 of an
investigator-initiated proof-of-concept study of crofelemer for
short bowel syndrome (SBS), supporting the potential for expanded
patient access to crofelemer in Europe in 2023 for this devastating
and catastrophic disease.  The third-party investigator is
targeting the presentation in December 2022 of results from the SBS
study at a global GI conference in Dubai.  Our second key clinical
activity is our Phase 3 pivotal OnTarget trial of crofelemer for
our core follow-on indication of prophylaxis of cancer
therapy-related diarrhea (CTD).  We expect enrollment in this trial
to complete in the first half of 2023."

                        About Jaguar Health

Jaguar Health, Inc. -- http://www.jaguar.health-- is a commercial
stage pharmaceuticals company focused on developing novel,
sustainably derived gastrointestinal products on a global basis.
The Company's wholly owned subsidiary, Napo Pharmaceuticals, Inc.,
focuses on developing and commercializing proprietary human
gastrointestinal pharmaceuticals for the global marketplace from
plants used traditionally in rainforest areas.  Its Mytesi
(crofelemer) product is approved by the U.S. FDA for the
symptomatic relief of noninfectious diarrhea in adults with
HIV/AIDS on antiretroviral therapy.

Jaguar Health reported a net loss and comprehensive loss of $52.60
for the year ended Dec. 31, 2021, a net loss and comprehensive loss
of $33.81 million for the year ended Dec. 31, 2020, a net loss and
comprehensive loss of $38.54 million for the year ended Dec. 31,
2019, and a net loss of $32.15 million for the year ended Dec. 31,
2018.  As of March 31, 2022, the Company had $52.91 million in
total assets, $44.80 million in total liabilities, and $8.11
million in total stockholders' equity.

Larkspur, California-based RBSM, LLP, the Company's auditor since
2021, issued a "going concern" qualification in its report dated
March 11, 2022, citing that the Company has an accumulated deficit,
recurring losses, and expects continuing future losses.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


JUST BELIEVE: Affiliate Taps Kelley Fulton Kaplan as Legal Counsel
------------------------------------------------------------------
Just Believe Recovery Center, LLC, an affiliate of Just Believe
Recovery Center of Port Saint Lucie, seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire
Kelley Fulton Kaplan & Eller, P.L. as its 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 $475 per hour for attorney fees and $155 per
hour for paralegal fees, and a retainer of $12,000. 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 Just Believe Recovery Center

Just Believe Recovery Center of Port Saint Lucie --
https://justbelieverecoverycenter.com/ -- is a drug and alcohol
addiction rehabilitation and detox facility with locations in
Florida and Pennsylvania.

Just Believe Recovery Center of Port Saint Lucie sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case
No. 22-15739) on July 27, 2022, listing up to $50,000 in assets and
up to $10 million in liabilities. Its affiliate, Just Believe
Recovery Center, LLC filed for Chapter 11 protection (Bankr. S.D.
Fla. Case No. 22-16046) on Aug. 4, 2022, listing up to $50,000 in
assets and up to $10 million in liabilities. The cases are jointly
administered under Case No. 22-15739.

Judge Mindy A. Mora oversees the cases.

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


KALBARRI AUSTRALIA: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Kalbarri Australia, LLC
        4242 B F Goodrich Blvd.
        Memphis, TN 38118

Business Description: The Debtor owns a real property located
                      at 4242 B F Goodrich Blvd., Memphis, TN
                      valued at $4.5 million.

Chapter 11 Petition Date: August 24, 2022

Court: United States Bankruptcy Court
       Western District of Tennessee

Case No.: 22-23562

Judge: Hon. Denise E. Barnett

Debtor's Counsel: Adam M. Langley, Esq.
                  BUTLER SNOW LLP
                  6075 Poplar Avenue
                  Suite 500
                  Memphis, TN 38119
                  Tel: 901-680-7200
                  Fax: 901-680-7201
                  Email: adam.langley@butlersnow.com

Total Assets: $4,500,364

Total Liabilities: $2,309,779

The petition was signed by George X. Cannon as manager.

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/MOJYXAY/Kalbarri_Australia_LLC__tnwbke-22-23562__0001.0.pdf?mcid=tGE4TAMA


KINGSTON LLC: Seeks to Hire Keller Williams Realty as Broker
------------------------------------------------------------
Kingston, LLC seeks approval from the U.S. Bankruptcy Court for the
Western District of Washington to employ Keller Williams Realty,
LLC to list for sale its unimproved real estate in Chelan, Wash.

The firm will get a commission of 6 percent of the sales price.

As disclosed in court filings, Keller Williams Realty does not have
an interest materially adverse to the interest of the Debtor's
estate, creditors and equity security holders.

The firm can be reached through:

     Emily Ostrem
     Keller Williams Realty North Central Washington
     1111 N. Mission Street, Suite C
     Wenatchee, WA 98801
     Mobile: (425) 922-0317
     Office: (509) 888-0038
     Email: emily@emilysellsleavenworth.com

                         About Kingston LLC

Kingston, LLC is primarily engaged in renting and leasing real
estate properties.  It owns two properties in Kingston and
Leavenworth, Wash., having a total current value of $1.72 million.

Kingston filed a petition for relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No.
22-10941) on June 9, 2022, listing as much as $10 million in both
assets and liabilities. Michael S. DeLeo has been appointed as
Subchapter V trustee.

The case is assigned to Judge Timothy W. Dore.

Marc S. Stern, Esq., at the Law Office of Marc S. Stern is the
Debtor's counsel.


LANGSTON CONSTRUCTION: Taps S. E. Cowen as Bankruptcy Counsel
-------------------------------------------------------------
Langston Construction, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of California to hire S. E. Cowen
Law as its general bankruptcy counsel.

The firm will represent the Debtor through all stages of the
Chapter 11 Subchapter V process with an anticipated confirmation of
a plan of reorganization within four months.

The firm's hourly rates are as follows:

     Steven E. Cowen, Esq.   $350
     Christian E. Cowen      $125

S. E. Cowen Law received a retainer in the amount of $12,000.

As disclosed in court filings, S. E. Cowen Law does not represent
any interest materially adverse to the Debtor and its estate,
members and representatives.

The firm can be reached through:

     Steven E. Cowen, Esq.
     S. E. Cowen Law
     333 H Street, Suite 5000
     Chula Vista, CA 91910
     Tel: 619-202-7511
     Fax: 619-489-0431
     Email: Cowen.steve@secowenlaw.com

                    About Langston Construction

Langston Construction Inc. is a construction company that provides
design-build, construction management and general contracting
services. It is based in Oceanside, Calif.

Langston Construction filed a petition for relief under Subchapter
V of Chapter 11 of the Bankruptcy Code (Bankr. S.D. Calif. Case No.
22-02113) on Aug. 12, 2022, listing $1 million to $10 million in
both assets and liabilities. Jean Goddard has been appointed as
Subchapter V trustee.

Steven E. Cowen, Esq., at S. E. Cowen Law, is the Debtor's legal
counsel.


LOADCRAFT INDUSTRIES: Sept. 12 Hearing on Disclosure Statement
--------------------------------------------------------------
Judge Tony M. Davis has entered an order that the Disclosure
Statement hearing will be continued to September 12, 2022, at 2:45
p.m.

A status conference will be held in this case on August 22, 2022,
at 2:45 pm, to discuss the Disclosure Statement of Loadcraft
Industries, Ltd.

The Amended Disclosure Statement together with all attachments will
be filed and served by September 2, 2022.

Objections to the adequacy of the Amended Disclosure Statement will
be due by September 9, 2022.

                     About Loadcraft Industries

Based in Brady, Texas, Loadcraft Industries specializes in the
manufacturing of mobile drilling rig and custom oilfield
equipment.

Loadcraft Industries sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Texas Case No. 21-11018) on Dec. 30,
2021, listing as much as $10 million in assets and liabilities.
Judge Tony M. Davis oversees the case.

The Debtor tapped Waller Lansden Dortch & Davis, LLP and HMP
Advisory Holdings, LLC as legal counsel and restructuring advisor,
respectively. Gregory Milligan, executive vice president of HMP,
serves as the Debtor's chief restructuring officer.


LUCKY STAR-DEER: Unsecureds to Recover 10% in 41-60 Main's Plan
---------------------------------------------------------------
41-60 Main Street LLC, a secured creditor of Debtors Lucky
Star-Deer Park LLC and Flushing Landmark Realty LLC, filed a
Disclosure Statement describing Plan of Liquidation dated August
21, 2022.

Lucky Star is a New York limited liability company formed in July
1999 and its business is the ownership and management of the Lucky
Star Property. Flushing Landmark is a New York limited liability
company formed in October 1998 and its business is the ownership
and management of the Flushing Landmark Property.

The Debtor's exclusive period to file a plan expired on February
27, 2021. Originally, the Debtors, along with certain other debtor
affiliates (i.e., both the two jointly administered debtors and the
individual debtor filed under In re Myint J. Kyaw a/k/a Jeffrey Wu
(Case No. 02-72407)), had filed chapter 11 plans that operated
together and provided for Jeffrey Wu ("Mr. Wu) to obtain
substantial exit financing.

Given the long delay and the inability, to date, for the Debtors to
confirm a plan, and the increasing interest accumulating on the
Proponent's Claim, the Proponent decided that it needed to file its
own Plan that provides for the liquidation of the Debtors by
auctioning to the highest and best bidder the Debtors' real
property and improvements thereon and use the proceeds form the
sale to pay Claims.

The real property owned by Lucky Star is commonly known as and
located at 377 Carlls Path, Deer Park, New York (the "Lucky Star
Property"). The real property owned by Flushing Landmark is
commonly known as and located at 41-60 Main Street, Flushing, New
York (the "Flushing Landmark Property" and, together with the Lucky
Star Property, the "Properties"). The Properties will be sold in
the following order: first, the Lucky Star Property, then the
Flushing Landmark Property.

The Proponent intends to use Cushman & Wakefield ("CW" or the
"Broker"), whom the Debtors previously retained to sell the
Properties, as the broker on the sale (the "Sale") of the
Properties pursuant to Bankruptcy Code Sections 363 and
1123(a)(5)(D). The Sale shall be conducted following confirmation
of the Plan.

The Plan provides for the liquidation of the Debtors by selling the
Debtors' only material assets, the Properties, to generate proceeds
to pay Allowed Claims of the Debtors' estate as more fully
described herein and in the Plan. In general, the proceeds of the
Sale of the Lucky Star Property will be distributed to creditors of
Lucky Star and the proceeds of the Sale of the Flushing Landmark
Property will be distributed to creditors of Flushing Landmark.

Class 4 consists of Lucky Star General Unsecured Claims. The
holders of the Allowed Class 4 Lucky Star General Unsecured Claims
will receive on account of such Claims a pro rata distribution of
Lucky Star Available Cash after payment in full to Class 1 Claims,
the Class 2 Claim, the Class 3 Claim, and Statutory Fees and
Administrative Claims of Lucky Star, with interest at the default
rate specified in the applicable note for the Class 2 Claim and
interest at the Federal Judgment Rate for the other Claims and
fees; provided, however, that if the Proponent (or its nominee(s),
designee(s) or assignee(s)) is the Successful Bidder of the Lucky
Star Property based on a credit bid, the Proponent will provide a
distribution of $21,944.00 to holders of Claims in Class 4 other
than the 41-60 Main Street Unsecured Claim, the Proponent agreeing
to waive the right to receive any distribution from such $21,944.00
as a member of this Class. The allowed unsecured claims total
$219,447.25. This Class will receive a distribution of 10% of their
allowed claims.

Class 6 consists of Interests in Lucky Star. Holders of Allowed
Class 6 Interests in Lucky Star shall continue to retain and
maintain such Interests in Lucky Star and the Post-Confirmation
Lucky Star following the Effective Date of the Plan in the same
percentages as existed as of the Petition Date.

Additionally, to the extent that there is any Lucky Star Available
Cash after full payment of all Statutory Fees and Administrative
Claims against Lucky Star and Claims in Class 1, Class 2, Class 3,
Class 4 and Class 5, with interest from the Petition Date onwards
at the rates set forth in the applicable Note(s) as to the Claim in
Class 2 and Class 5, and interest from the Petition Date onwards at
the Federal Judgment Rate as to all other Claims and Fees, with
interest as to all such Classes being paid in full prior to any
payments being made on account of principal, each holder of an
Allowed Class 5 Interest in Lucky Star shall receive such remaining
Lucky Star Available Cash, pro rata, in accordance with their
respective percentage interests in Lucky Star.

Class 9 consists of Flushing Landmark General Unsecured Claims.
Each holder of an Allowed Class 9 Flushing Landmark General
Unsecured Claim will receive on account of such claim a pro rata
distribution of Flushing Landmark Available Cash after all payments
to the Class 2 Claim, Class 7 Claims, and Class 8 Claim, and
Statutory Fees and Administrative Claims against Flushing Landmark,
with interest from the Petition Date onwards at the rates set forth
in the applicable Note(s) as to the Claim in Class 2, and interest
from the Petition Date onwards at the Federal Judgment Rate as to
all other Claims and Fees, with interest as to all such Classes
being paid in full prior to any payments being made on account of
principal; provided, however, that if the Proponent (or its
nominee(s), designee(s) or assignee(s)) is the Successful Bidder of
the Flushing Landmark Property based on a credit bid, the Proponent
will provide a distribution of $20,264.83 to holders of Claims in
Class 9 other than the 41-60 Main Street Unsecured Claim, the
Proponent agreeing to waive the right to receive any distribution
from such $20,264.83 as a member of this Class. The allowed
unsecured claims total $202,648.38. This Class will receive a
distribution of 10% of their allowed claims.

Class 10 consists of Interests in Flushing Landmark. Holders of
Allowed Class 10 Interests in Flushing Landmark shall continue to
retain and maintain such Interests in Flushing Landmark and the
Post Confirmation Flushing Landmark following the Effective Date of
the Plan in the same percentages as existed as of the Petition
Date.

Additionally, to the extent that there is any Flushing Landmark
Available Cash after full payment of all Statutory Fees and
Administrative Claims against Flushing Landmark and Claims in Class
2, Class 5, Class 7, Class 8 and Class 9, with interest from the
Petition Date onwards at the rates set forth in the applicable
Note(s) as to the Claim in Class 2 and Class 5, and interest from
the Petition Date onwards at the Federal Judgment Rate as to all
other Claims and Fees, with interest as to all such Classes being
paid in full prior to any payments being made on account of
principal, each holder of an Allowed Class 5 Interest in Lucky Star
shall receive such remaining Flushing Landmark Available Cash, pro
rata, in accordance with their respective percentage interests in
Flushing Landmark.

The Plan will be funded by monies made available from the Sale of
the Properties (and the Property Causes of Action); however, the
Proponent shall advance such funds as are necessary to make
payments required under the Plan if the Sale proceeds are
insufficient to fund all payments required under the Plan.

A full-text copy of the Disclosure Statement dated August 21, 2022,
is available at https://bit.ly/3AlsVFZ from PacerMonitor.com at no
charge.

Attorneys for 41-60 Main Street:

     KRISS & FEUERSTEIN LLP
     360 Lexington Avenue, Suite 1200
     New York, NY 10017
     (211)661-2900
     Jerold C. Feuerstein, Esq.
     Daniel N. Zinman, Esq.

              About Lucky Star-Deer Park

Lucky Star-Deer Park, LLC, is a single asset real estate as defined
in 11 U.S.C. Section 101(51B). The company is based in Flushing,
N.Y.

Lucky Star-Deer Park and affiliates, Flushing Landmark Realty LLC
and Victoria Towers Development Corp., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case Nos.
20-73301, 20-73302 and 20-73303) on Oct. 30, 2020. On Nov. 3, 2020,
another affiliate, Queen Elizabeth Realty Corp., filed a Chapter 11
petition (Bankr. E.D.N.Y. Case No. 20-73327). Judge Robert E.
Grossman oversees the cases, which are jointly administered under
Case No. 20-73301.

At the time of the filing, Lucky Star-Deer Park listed up to
$50,000 in assets and up to $500,000 in liabilities.

The Debtors tapped Rosen & Kantrow, PLLC as bankruptcy counsel;
Certilman Balin and The Law Offices of Fred L. Seeman as special
counsels; Joseph A. Broderick, P.C. as accountant; and Miu & Co. as
audit consultant.


MDWERKS INC: Delays Filing of Second Quarter Form 10-Q
------------------------------------------------------
MDWerks, Inc. will not be in a position to file its Quarterly
Report on Form 10-Q for the period ended June 30, 2022, within the
prescribed time period due to delays experienced in completing the
Company's financial statements, which delayed the principal
independent auditors review of the financial statements, and
consequently the filing of the Form 10-Q.  The delay could not be
eliminated without unreasonable effort or expense.  

The Company anticipates that it will file its complete quarterly
report on Form 10-Q for the six months ended June 30, 2022 on or
before the fifth day following the prescribed due date.

                           About MDWerks

MDwerks, Inc. is a public shell company seeking to create value for
its shareholders by merging with another entity with experienced
management and opportunities for growth in return for shares of its
common stock.  No potential merger candidate has been identified at
this time.  The Company does not propose to restrict its search for
a business opportunity to any particular industry or geographical
area and may, therefore, engage in essentially any business in any
industry.  The Company has unrestricted discretion in seeking and
participating in a business opportunity, subject to the
availability of such opportunities, economic conditions, and other
factors.

Diamond Bar, Calif.-based TAAD LLP, the Company's auditor since
2020, issued a "going concern" qualification in its report dated
April 15, 2022, citing that the Company has suffered recurring
losses from operations that raises substantial doubt about its
ability to continue as a going concern.


MENACHEM LAND: Case Summary & Two Unsecured Creditors
-----------------------------------------------------
Debtor: Menachem Land, LLC
        704 S. Hill Street
        Los Angeles, CA 90014

Business Description: The Debtor is a Single Asset Real Estate
                      (as defined in 11 U.S.C. Section 101(51B)).

Chapter 11 Petition Date: August 24, 2022

Court: United States Bankruptcy Court
       Central District of California

Case No.: 22-14634

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Stephen R. Wade, Esq.
                  LAW OFFICES OF STEPHEN R. WADE, P.C.
                  405 N. Indian Hill Blvd.
                  Claremont, CA 91711
                  Tel: (909) 985-6500
                  Email: srw@srwadelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jane Un as managing member.

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

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

https://www.pacermonitor.com/view/E2T5INY/Menachem_Land_LLC__cacbke-22-14634__0001.0.pdf?mcid=tGE4TAMA


MINESEN COMPANY: Taps Schlissel & Associates as Tax Advisor
-----------------------------------------------------------
The Minesen Company seeks approval from the U.S. Bankruptcy Court
for the District of Hawaii to hire Schlissel & Associates, LLC as
its tax advisor.

The firm's services include the preparation of past due 1120-S and
N-35 tax returns for the Debtor.

Schlissel & Associates will be compensated with a one-time flat fee
of $24,000.

As disclosed in court filings, Schlissel & Associates neither holds
nor represents an interest adverse to the Debtor's estate.

The firm can be reached through:

     Alan M. Schlisse
     Schlissel & Associates
     1164 Bishop St. #1612
     Honolulu, HI 96813
     1164 Bishop Street - Ste 1612
     Honolulu, HI 96813
     Phone: (808) 732-7232
     Fax: (808) 443-0201
     Email: aschlissel@hawaii-tax.com

                     About The Minesen Company

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

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

Judge Robert J. Faris oversees the case.

The Debtor tapped Goodsill Anderson Quiin & Stifel as bankruptcy
counsel; Snell & Wilmer, LLP, Keith M. Kiuchi, A Law Corporation
and Crowell & Moring, LLP as special counsels; Joseph M. Salvator
CPA, PC as accountant; and Schlissel & Associates, LLC as tax
advisor.


NERAM GROUP: Files Amendment to Discloures; Plan Hearing Nov. 16
----------------------------------------------------------------
Neram Group Inc., submitted a Modified Disclosure Statement for the
Plan of Reorganization dated August 22, 2022.

This is a reorganization plan that contemplates the liquidation of
the Debtor. In other words, the Proponent seeks to accomplish
payments under the Plan by collecting monies that are allegedly due
to it.

The Debtor will accomplish the objectives of this Plan in two ways;
(a) by selling the subject real property located at 1211, 1215, and
1219 El Dorado, Ontario, California 91764 ("Property") for the
purpose of funding the payments under the Plan; and (b) by seeking
to recover $3.7 million in overpayments to M&A Enterprises/Miguel
Arreola, a claimant against the Debtor.

To assist the Debtor in formulating the listing price and the
marketing strategy regarding the Property the Debtor, the Appraiser
was hired and he issued his report. Based on the valuation, the
opinion of the broker to be hired by Debtor, and Debtor's business
judgment, the Debtor believes that the listing price for the
Property should be $2,495,000, more or less. The filed proofs of
claim exceed that amount.

Therefore, the Debtor reserves the right under this Plan to sell
the Property without paying all of the secured claims at the time
of sale and instead transferring the claimed liens to the proceeds
pending the resolution of the claims process.

Class 3 consists of General Unsecured Claims. The allowed General
Unsecured Claims will be paid on a quarterly basis from the
Unsecured Pot over seven years on a pro rata basis determined by
the amount of each allowed claim. The Unsecured Pot will receive up
to 1/28 of the full amount (i.e., 100% payment without interest) of
the allowed claims every three months starting 90 days after the
effective date. This Class will receive a distribution of 100% of
their allowed claims. These creditors are impaired.

The Plan will be funded by the following: (a) Funds in the
debtor-in-possession accounts as of the effective date in an amount
that varies from day to day but in excess of $40,000; (b) the sum
of $15,000 in new value paid to Debtor; (c) the net proceeds from
the sale of the Property; (d) the proceeds, if any, of the
litigation against ARREOLA/M&A; and (e) to the extent applicable
pending sale Debtor's income from future operations.

The hearing where the Court will determine whether or not to
confirm the Plan will take place on November 16, 2022, at 1:30 p.m.
in Courtroom 5C, 411 W. 4th Street, Santa Ana, California 92701.

A full-text copy of the Modified Disclosure Statement dated August
22, 2022, is available at https://bit.ly/3pHyJVh from
PacerMonitor.com at no charge.

General Counsel for Debtor:

     Robert M. Yaspan, Esq.
     Joseph G. McCarty, Esq.
     Debra R. Brand, Esq.
     Law Offices of Robert M. Yaspan
     21700 Oxnard Street, Suite 1750
     Woodland Hills, CA 91367
     Tel: (818) 905-7711
     Fax: (818) 501-7711

                       About Neram Group

Neram Group, Inc. is a company based in Orange, Calif.  It is the
fee simple owner of a 12-unit apartment building located at 1211 N.
El Dorado Ave, Ontario, Calif., having a comparable sale value of
$2.5 million.

Neram Group filed a petition for Chapter 11 protection (Bankr. C.D.
Cal. Case No. 22-10268) on Feb. 16, 2022, listing $2,802,000 in
assets and $1,675,000 in liabilities.  Humberto Perez Figuerola,
chief executive officer, signed the petition.

Judge Scott C. Clarkson oversees the case.

The Debtor tapped the Law Offices of Robert M. Yaspan as bankruptcy
counsel.


NEUMEDICINES INC: Class 5 Unsecureds Owed $2.5M to Get Up to 100%
-----------------------------------------------------------------
Neumedicines, Inc., submitted a Third Amended Plan of Liquidation.

Under the Plan, Class 5 General Unsecured Claims total $2,572,210.
Each Holder will be entitled to receive pro rata Distributions from
the Reorganized Debtor in accordance with the terms and provisions
of the Plan, in an amount up to 100% of such Holder's Allowed Class
5 Claim, plus interest from the Petition Date at the Interest Rate;
provided however that no payment shall be made to Allowed Class 5
Holders unless and until satisfaction of the following conditions:
(i) the entry of a Final Order resolving all claim objections, the
settlement of all such disputes or the establishment of a Disputed
Claim Reserve which is either agreed upon by the Debtor and the
Disputed Claim Holder(s) or has been established by Order of the
Court; (ii) payment in full of all Allowed Secured, Administrative
and Priority Claims; and (iii) the funding into a segregated
Reserve of funds sufficient to pay all projected Post Confirmation
Professional fees and expenses, including the Disbursing Agent and
projected operating expenses of the Reorganized Debtor.

Payments to Allowed Class 5 Claim Holders shall commence as soon as
reasonably practicable after the satisfaction of all conditions of
the Plan on the Distribution Date immediately following the date
that such conditions have been satisfied. Class 5 is impaired.

Class 6a Unsecured Claim of Libo for Loans Made and Taxes Advanced
totaling $1,200,000. The Class 6a Claim Holder will receive the
same treatment (and subject to the same conditions precedent) as
that provided to the Holders of Allowed Class 5 Claims and will be
entitled to receive pro rata distributions from the Reorganized
Debtor in accordance with the terms and provisions of the Plan, an
amount up to 100% of the Holder's Allowed Class 6a Claim, plus
interest from the Petition Date at the Interest Rate; provided
however that no payment shall be made to the Allowed Class 6a
Holder unless and until satisfaction of the following conditions:
(i) the entry of a Final Order resolving all claim objections, the
settlement of all such disputes or the establishment of a Disputed
Claim Reserve which is either agreed upon by the Debtor and the
Disputed Claim Holder(s) or has been established by Order of the
Court; (ii) payment in full of all Allowed Secured, Administrative
and Priority Claims; and (iii) the funding into a segregated
Reserve of funds sufficient to pay all projected Post Confirmation
Professional fees and expenses, including the Disbursing Agent,
Royalty Auditor, professionals of the Oversight Committee and
projected operating expenses of the Reorganized Debtor.

Payments to the Allowed Class 6a Claim Holder shall commence as
soon as reasonably practicable after the satisfaction of all
conditions of the Plan on the Distribution Date immediately
following the date that such conditions have been satisfied. Class
6a is impaired.

Class 6b: General Unsecured Claim of Libo for Rejection Damages.
Subject to the satisfaction of other conditions precedent to
payment of Class 5 Allowed Claim Holders, then in full satisfaction
of Allowed Class 6b Claim, the Class 6b Claim Holder will be
entitled to receive 9% of the Contingent PRV Payment and Royalty
Payment (each as defined in the Royalty Agreement) actually
received by the Disbursing Agent, net of withholding taxes deducted
by Karyopharm in accordance with the Royalty Agreement and the
Reorganized Debtor's out of- pocket costs incurred (or being
reasonably reserved to incur) in connection with the exercise of
its rights and remedies under the Royalty Agreement, including
audit, inspection, dispute resolution and enforcement costs (the
"Royalty Sharing"). The Disbursing Agent will pay Royalty Sharing
amounts less any withholding taxes to Libo by wire transfer of
immediately available funds to a single account specified by Libo
in writing to the Disbursing Agent within 30 days after the
Disbursing Agent receives funds from Karyopharm.

The Disbursing Agent shall provide to Libo (a) notice of receipt of
the Contingent PRV Payment within 7 days after receipt of same and
(b) a copy of each quarterly sales report received from Karyopharm
under the Royalty Agreement within 7 days after receipt of same.
The Disbursing Agent shall make any applicable withholding payments
due on behalf of Libo and shall provide Libo upon request with such
written documentation regarding any such payment as available to
the Disbursing Agent relating to an application by Libo for a
foreign tax credit for such payment with the United States Internal
Revenue Service. Class 6b is impaired.

On the entry of a Final Order of Confirmation, all Assets shall
revest in the Debtor, which shall be known as the Reorganized
Debtor and shall remain in the Reorganized Debtor, provided however
that the Contingent Consideration shall be paid to Stapleton Group
in its capacity as Disbursing Agent who shall inform the
Reorganized Debtor and the members of the Oversight Committee as to
the receipt of any Contingent Consideration and any Distributions
made in accordance with the terms of the Plan and provide to the
Reorganized Debtor and the members of the Oversight Committee with
the documents referred to in Article XVII.B. of the Disclosure
Statement within in the time frames set forth therein. The
Reorganized Debtor shall be managed and directed by Timothy
Gallaher Ph.D., President and Raphael Nir, Ph.D., CEO
(individually, the "Director", collectively, the "Directors").

All Cash necessary for the Reorganized Debtor to make payments of
Cash pursuant to the Plan shall be obtained from the following
sources: (a) the Debtor's Cash on hand, which shall be deemed
vested in the Reorganized Debtor upon the entry of a Final Order of
Confirmation, (b) Cash received in liquidation of the Assets of the
Debtor, including payments due under or consideration to be
received under the APA, and (c) proceeds of the Causes of Action.

The Confirmation Hearing will be held on September 14, 2022 at
10:00 a.m. in 1568, 255 E. Temple Street, Los Angeles, CA 90012.

General Bankruptcy Counsel to Chapter 11 Debtor:

     Daniel J. Weintraub, Esq.
     James R. Selth, Esq.
     WEINTRAUB & SELTH, APC
     11766 Wilshire Boulevard, Suite 450
     Los Angeles, CA 90025
     Telephone: (310) 207-1494
     Facsimile: (310) 442-0660
     E-mail: dan@wsrlaw.net

A copy of the Third Amended Plan of Liquidation dated August 17,
2022, is available at https://bit.ly/3c6dCZG from
PacerMonitor.com.

                      About Neumedicines Inc.

Neumedicines, Inc. -- https://www.neumedicines.com/ -- is a
clinical-stage biopharmaceutical company in Arcadia, Calif., which
is engaged in the research and development of HemaMax, recombinant
human interleukin 12 (rHuIL-12), for the treatment of cancer in
combination with standard of care (SOC, radiotherapy, chemotherapy,
or immunotherapy) and Hematopoietic Syndrome of Acute Radiation
Syndrome (HSARS) as a monotherapy.

Neumedicines filed a Chapter 11 petition (Bankr. C.D. Calif. Case
No. 20-16475) on July 17, 2020. In the petition signed by Timothy
Gallaher, president, the Debtor disclosed total assets of up to
$500,000 and total liabilities of up to $10 million.

Judge Ernest M. Robles presides over the case.

The Debtor tapped Weintraub & Seth, APC as bankruptcy counsel;
Sheppard, Mullin, Richter & Hampton, LLP as special counsel; and
Menchaca & Company, LLP as financial advisor.


NP LEHI LLC: Files Bare-Bones Chapter 11 Petition
-------------------------------------------------
NP Lehi LLC filed for chapter 11 protection, without stating a
reason.

The Debtor, a Single Asset Real Estate, says its principal asset is
located at 100 S - 200 S 1350 E Lehi, UT 84043.

According to court filings, NP Lehi LLC 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
Sept. 21, 2022, at 10:00 AM at UST-SA1, TELEPHONIC MEETING.
CONFERENCE LINE:1-866-919-0527, PARTICIPANT CODE:2240227.

                       About NP Lehi LLC

NP Lehi LLC is a Single Asset Real Estate (as defined in 11 U.S.C.
Sec. 101(51B)).

NP Lehi LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 22-11399) on Aug. 19,
2022.  In the petition filed by Patrick S. Nelson, as manager, the
Debtor reported assets between $10 million and $50 million and
liabilities between $1 million and $10 million.

Daniel J. Kelly, of Tucker Ellis LLP, is the Debtor's counsel.


PACKERS HOLDINGS: Fitch Alters Outlook on 'B-' IDR to Negative
--------------------------------------------------------------
Fitch Ratings has revised Packers Holdings, LLC's (PSSI) Rating
Outlook to Negative from Stable. Fitch has also affirmed PSSI's
Issuer Default Rating (IDR) at 'B-' and its outstanding term loans
and revolver at 'B'/'RR3'.

The Negative Outlook reflects PSSI's elevated leverage, increasing
refinancing risk in a rising interest rate environment, and
challenging capital market conditions ahead of the company's 2025
mezzanine debt maturity. The company's leverage will likely remain
elevated over the long term as a result of relatively aggressive
capital deployment including leveraging acquisitions and potential
for shareholder dividends.

PSSI's 'B-' IDR is supported by the company's strong cash flow
generation, leading market position as the largest contract
sanitation company serving the food processing industry in North
America, and the high degree of regulation within the markets in
which it operates. The rating is further supported by the company's
consistent and expanding profit margins and long-established
blue-chip customer relationships.

KEY RATING DRIVERS

Elevated Leverage: Fitch expects PSSI's leverage to remain elevated
and above our negative sensitivities over the next 18-24 months but
will deleverage steadily due to a combination of debt amortization
and EBITDA growth. The company's higher leverage makes it more
challenging to navigate higher interest rates and leaves it more
susceptible to increased refinancing risk ahead of the company's
2025 debt maturity. PSSI could outperform Fitch's forecast with
incremental voluntary debt repayment and a modestly more
conservative capital deployment strategy.

Strong Market Position: As the largest contract sanitation company
for the food processing industry in North America, PSSI has a
limited set of competitors that can fully service large plants or
quickly relocate resources to address customer needs. The
industrial food preparation segment is highly fragmented across the
U.S. and Canada with a large concentration of closely held regional
players; however, PSSI is approximately three times the size of its
closest competitor, The Vincent Group-QSI, based on facility
number.

Strong Profitability and FCF: Fitch considers PSSI's stable
margins, growing revenue base and strong FCF as more commensurate
with a rating higher than 'B-'. The company has historically
generated positive FCF, and Fitch expects this to continue over the
next few years. The company implemented and executed several
cost-cutting initiatives in the past three years, particularly
regarding training and employee retention. Fitch expects these
initiatives will support EBITDA margins over the rating horizon.

Additional Acquisitions Likely: Despite being the largest firm in
the industry, there are opportunities for expansion through further
penetration into additional plants of existing customers, or
through acquisitions. Preceding the Safe Foods acquisition, the
firm completed several acquisitions in the prior five years,
typically with a size of less than $30 million and financed
primarily through internally generated cash. Fitch expects this
will remain part of PSSI's overall strategy, particularly as the
company aims to expand in geographies and end markets where it has
a smaller presence.

Necessity of Service: Fitch believes the company's rating is
supported by its clear position within the market. All U.S. protein
plants are USDA-inspected daily prior to opening. Protein plants
must pass these daily inspections or be subject to fines, citations
and production delays with costs running in the tens of thousands
of dollars per hour. In addition, non-protein plants are regularly
reviewed by the FDA with end customers such as Walmart, McDonalds
and Subway driving higher sanitation standards.

Positive Industry Trends: PSSI's credit risk is somewhat reduced by
several current broad market trends that are likely to continue
over the medium term. As the grocery segment continues to see
pricing pressure from online retailers, both protein and
non-protein producers will seek to further streamline production by
outsourcing additional functions such as human resources and
sanitation. An additional source of demand is the increased
regulatory complexity across various food categories, coupled with
increasingly unannounced FDA audits.

Customer Concentration: Fitch considers PSSI's customer
concentration one of its more material concerns. Fitch estimates
the company's top-five customers comprise approximately one-half of
the company's revenue. The loss of any of these top customers would
significantly affect the company's financial performance and,
subsequently, its credit profile. PSSI's strong market position
offsets some of Fitch's concerns.

The concentration is mitigated by the fact that these relationships
are spread out across dozens of unique plants that have discrete
plant managers, each responsible for plant performance and
regulatory compliance, who decide to employ PSSI's services.
Additionally, contracts are typically negotiated on a
plant-by-plant basis, rather than on a corporate level, although
corporate relationships can affect broader wins, renewals and
losses. They typically have high renewal rates, which Fitch expects
to be in the 90%-95% range on average.

PSSI has historically implemented relatively aggressive
shareholder-friendly actions, such as debt-funded sponsor
dividends, which Fitch expects to continue over the rating horizon.
Fitch believes the company will organically de-lever through debt
amortization and EBITDA growth, but could then issue incremental
debt to pay a special dividend and maintain elevated leverage.
These actions are incorporated in the company's 'B-' IDR and are
somewhat offset by the company's capacity to pay down debt using
internally generated cash flow in the event of meaningful changes
to its capital deployment strategy.

DERIVATION SUMMARY

PSSI compares favorably to its industry peers in terms of cash flow
generation, strategy and profitability. In particular, Fitch
considers the company's stable FCF margins to be exceptional
compared with similarly rated companies. Fitch also considers PSSI
to be differentiated from its other 'B-' rated peers due to its
strong market position within its segment. Many other companies in
the 'B' category operate in highly fragmented markets with minimal
competitive advantage.

The company's rating is somewhat limited due to its leverage, which
is high compared to similarly rated companies. The propensity for
shareholder-focused leveraging transactions was also a rating
consideration. There are no parent/subsidiary, Country Ceiling or
operating environment influences or constraints on this rating.

KEY ASSUMPTIONS

-- Mid-single-digit annual organic growth over the rating
    horizon;

-- EBITDA margins contract near term on inflationary pressures
    but recovers over the rating horizon;

-- Modest annual capex investment around 0.5%;

-- Acquisitions, sponsor dividends and dividend recapitalization
    are limited near term as the company's deleverages;

-- Fitch expects leverage to remain elevated at above 5.5x over
    the rating horizon as the company resumes bolt-on or   
    supplement acquisitions and sponsor dividends.

Recovery Rationale

The recovery analysis assumes PSSI would be reorganized rather than
liquidated, and would be considered on a going concern (GC) basis.
Fitch has assumed a 10% administrative claim in the recovery
analysis.

In Fitch's recovery analysis, potential default is assumed to come
from a combination of one or more of the following: A prolonged
economic downturn leads to one or more major customers to close a
significant number of facilities; customers shifting to insource a
high percentage of currently outsourced contracts; or loss of more
than one of the company's major customers.

Fitch's GC EBITDA assumptions reflect the equivalent of PSSI losing
one of its top two customers along with at least one of its
remaining top five customers, resulting in an EBITDA approximately
20% lower than Fitch's forecasted 2023 EBITDA in its rating case.

Fitch expects the EV multiple used in PSSI's recovery analysis will
be approximately 6.5x. Fitch believes the company's business
profile and market position are strong, despite the highly
leveraged capital structure. PSSI consistently generated positive
FCF and stable margins, while growing organically. Fitch's EV
multiple also considers the approximately 13x transaction multiple
when Leonard Green, the previous sponsor, purchased PSSI in 2014.

The first lien senior secured revolving credit facility is assumed
to be fully drawn upon default. The revolver and first lien senior
secured term loan are senior to the senior unsecured notes in the
waterfall.

The 'RR3' on the first lien credit agreement in the recovery
waterfall reflects good recovery prospects given default.

RATING SENSITIVITIES

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

-- Shift to a consistently conservative financial policy, which
    would lead to leverage (Total debt/EBITDA) around or below
    5.5x for a sustained period.

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

-- Operating EBITDA to Interest Paid sustained below 1.7x;

-- Multiple consecutive periods of negative FCF;

-- Aggressive shareholder actions and financial policy that
    results in Total Debt to EBITDA consistently above 7.5x;

-- Loss of a major customer or group of major customers results
    in deterioration of financial and competitive positions.

The Outlook could be stabilized if the company falls within the
negative sensitivities over the next 24 months.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: Fitch considers PSSI's liquidity adequate given
the company's cash, revolver and positive FCF generation, which
Fitch expects to continue over the rating horizon. The company's
liquidity is supported by its revolver and positive FCF generation,
which Fitch expects to continue over the rating horizon. The
company has a relatively nimble operating structure and minimal
annual maintenance capex. Fitch does not consider any of the
company's cash to be restricted, and Fitch does not believe the
company requires a material cash balance to sustain operations,
given its lean operating structure and minimal fixed costs. Fitch
considers the company's capital structure to be relatively
favorable.

ISSUER PROFILE

Packers Holdings is North America's largest and only nationwide
provider of mission-critical outsourced cleaning and sanitation
services to the growing food processing industry. The company and
its subsidiaries serves a broad customer base of protein and
non-protein (e.g., bakery, produce, snack food) processing plants.

RATING ACTIONS

ENTITY/DEBT             RATING           RECOVERY   PRIOR
-----------             ------           --------   -----
Packers Holdings,  LT IDR  B-   Affirmed               B-
LLC

  senior secured   LT      B    Affirmed    RR3        B


PANBELA THERAPEUTICS: Incurs $22.1M Net Loss in Second Quarter
--------------------------------------------------------------
Panbela Therapeutics, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $22.13 million for the three months ended June 30, 2022,
compared to a net loss of $2.19 million for the three months ended
June 30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $25.80 million compared to a net loss of $4.44 million for
the six months ended June 30, 2021.

As of June 30, 2022, the Company had $6.56 million in total assets,
$11.40 million in total liabilities, and a total stockholders'
deficit of $4.84 million.

Panbela stated, "To date, we have used primarily equity financings
and convertible debt to fund our ongoing business operations and
short-term liquidity needs, and we expect to continue this practice
for the foreseeable future.  As of June 30, 2022, we did not have
any existing credit facilities under which we could borrow funds.

"We will need to obtain additional funds to continue our operations
and execute our business plans including completion of required
future trials and pursuing regulatory approvals in the United
States, the European Union and other international markets.  While
we have been successful in the past in obtaining the necessary
capital to support our operations, and have similar future plans to
obtain additional financing, there is no assurance that we will be
able to obtain additional financing under commercially reasonable
terms and conditions, or at all.  This risk would increase if our
clinical data were inconclusive or not positive or economic
conditions worsened in the market as a whole or in the
pharmaceutical or biotechnology markets individually.

"If we are unable to obtain additional financing when needed, we
will likely need to reduce our operations by taking actions which
may include, among other things, reducing use of outside
professional service providers, reducing staff size or staff
compensation, significantly modifying or delaying the development
of, licensing rights to third parties, including the right to
commercialize for patients with pancreatic cancer, or other
applications that we would otherwise seek to pursue, or
discontinuing operations entirely.

"To the extent that we raise additional capital through the sale of
equity or convertible debt securities, the interests of our current
stockholders could be diluted, and the terms may include
liquidation or other preferences that adversely affect the rights
of our current stockholders.  If we issue preferred stock, it could
affect the rights of our stockholders or reduce the value of our
common stock. Specific rights granted to future holders of
preferred stock may include voting rights, preferences as to
dividends and liquidation, conversion and redemption rights,
sinking fund provisions, and restrictions on our ability to merge
with or sell our assets to a third party.  Debt financing, if
available, may involve agreements that include covenants limiting
or restricting our ability to take specific actions, such as
incurring additional debt, making capital expenditures or declaring
dividends.  Any of these events could adversely affect our ability
to achieve our regulatory approvals and commercialization goals and
harm our business.

"Our future success is dependent upon our ability to obtain
additional financing, the success of our ASPIRE global randomized
clinical trial for ivospemin (SBP-101), our ability to obtain
marketing approval for SBP-101), eflornithine (CPP-1X) and
eflornithine sachets (CPP-1X-S) in the United States, the European
Union and other international markets and Flynpovi outside of North
America.  If we are unable to obtain additional financing when
needed, if our ASPIRE clinical trial or additional clinical trials
are not successful, if we do not receive regulatory approval or if
once these studies are concluded, we do not receive marketing
approval for, we would not be able to continue as a going concern
and would be forced to cease operations."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1029125/000143774922020539/pbla20220630_10q.htm

                           About Panbela

Headquartered in Waconia, Minnesota, Panbela Therapeutics, Inc. --
www.Panbela.com -- is a clinical stage biopharmaceutical company
developing disruptive therapeutics for the treatment of patients
with cancer.  Its product candidate, SBP-101, is a proprietary
polyamine analogue designed to induce polyamine metabolic
inhibition, a metabolic pathway of critical importance in multiple
tumor types.

Panbela reported a net loss of $10.13 million for the year
endedDec. 31, 2021, a net loss of $4.77 million for the year ended
Dec. 31, 2020, and a net loss of $6.20 million for the year ended
Dec. 31, 2019.  As of March 31, 2022, the Company had $11.09
million in total assets, $4.51 million in total current
liabilities, and $6.58 million in total stockholders' equity.

Tampa, Florida-based Cherry Bekaert, the Company's auditor since
2014, issued a "going concern" qualification in its report date
March 24, 2022, citing that the Company has recurring losses and
negative cash flows from operations that raise substantial doubt
about its ability to continue as a going concern.


PARETEUM CORP: Files Amended Plan; Confirmation Hearing Oct. 6
--------------------------------------------------------------
Pareteum Corporation and certain of its affiliates, submitted a
Solicitation Version of the Modified Disclosure Statement for
Chapter 11 Plan of Liquidation dated August 22, 2022.

The Plan is centered around (i) the sale of substantially all of
the Debtors' assets (the "Sale") to Circles Ventures Group, LLC
("CVG") and Circles MVNE PTE. Ltd. ("Circles" and, together with
CVG, the "Purchasers") under section 363 of the Bankruptcy Code
pursuant to an asset purchase agreement to the Bankruptcy Court
order dated June 30, 2022 (the "Sale Order") (as such agreement may
be amended, supplemented, or otherwise modified from time to time,
the "Purchase Agreement") and (ii) a global settlement and release
agreement among the Debtors, the Purchasers, and the official
committee of unsecured creditors (the "Creditors' Committee"), (as
it may be amended, supplemented, or otherwise modified from time to
time, the "Global Settlement").

With the closing of the Sale on July 11, 2022, the Debtors have
liquidated their primary tangible assets and satisfied
substantially all of their secured debt obligations. Pursuant to
the Purchase Agreement, the Debtors retained $600,000 in Cash to be
used to wind down, dissolve, and liquidate the Debtors' Estates and
distribute their remaining assets pursuant to the Plan (the "Wind
Down Amount"). The Debtors' other remaining assets primarily
consist of potential Causes of Action and tax refunds the Debtors
believe they are owed by the Spanish and Italian governments (the
"Tax Refund").

The cornerstone of the Plan is the Court-approved Global Settlement
among the Debtors, the Creditors' Committee, and the Purchasers.
The following are the key terms of the Global Settlement as
incorporated into the Debtors' Plan:

     * On July 11, 2022 (the "Sale Closing Date"), $100,000 of the
Wind Down Amount was escrowed for the benefit of the Liquidating
Trust for the purpose of winding down the Debtors' estates (the
"Wind Down Trust Amount"), which amount will be deposited into the
Liquidating Trust Escrow Account on the Effective Date, subject to
the Debtors' use of such funds to pay Administrative Claims on or
prior to the Effective Date with the Creditors' Committee's prior
written consent or as required by order of the Bankruptcy Court;

     * In connection with Effective Date, the Debtors and
Liquidating Trust will notify the Spanish and Italian governments
of the Liquidating Trust's ownership of the interest in the any tax
refunds due to the Debtors from the Spanish and Italian governments
(the "Tax Refund") and instructions as to where such Tax Refunds
are to be remitted; and if the Debtors receive the Tax Refund, the
Debtors will, immediately upon receipt, transfer such Tax Refund to
the Liquidating Trust; and

     * The Creditors' Committee and each of the Debtors and the
Debtors' Estates conditionally released each of the Prepetition
Secured Parties (as defined in the Final DIP Order) and their
related parties with respect to any claims relating to the
Prepetition Obligations, the Prepetition Liens, and the Prepetition
Collateral (each as defined in the Final DIP Order).

Prior to the Petition Date, Pareteum N.V. periodically borrowed, on
a secured basis, sums from BNP Paribas to fund ongoing operations
(the "BNP Paribas Loans"). As of the Petition Date, approximately
$429,000 remained outstanding. Under the Sale Order to which BNP
Paribas did not object, the assets securing the BNP Paribas Loans
were sold to the Purchasers free and clear of all liens, claims,
and encumbrances upon the Sale Closing, and accordingly BNP Paribas
is a Holder of a General Unsecured Claim on account of the BNP
Paribas Loans.

From the Company's October 21, 2019 announcement regarding its
improper recognition of revenue through the Petition Date, five
putative class action and/or derivative lawsuits (after accounting
for the consolidation of such derivative actions) were commenced
against the Company, its current and former management, and members
of the Board.

Similarly, the additional litigations assert claims, which are
disputed, contingent and unliquidated, under securities laws,
including (i) Douglas Loskot v. Pareteum Corp. et al., 20-CIV 02279
(Cal. Super. Ct., San Mateo Cty.); (ii) Sabby Volatility Warrant
Master Fund, Ltd. v. Pareteum Corp., et al., No. 19-cv 10460-AKH
(S.D.N.Y.); (iii) In re Pareteum Corporation Stockholder Derivative
Litigation, No. 1:20- cv-06264 (S.D.N.Y.); and (iv) In re Pareteum
Shareholder Derivative Litigation 651381/2020 (N.Y. Sup. Ct., NY
Cty.).

Moreover, to the extent the putative class action and/or derivative
lawsuits seek recoveries and assert claims against the Debtors on
account of the purchase or sale of equity securities, the Debtors
and the Liquidating Trustee reserve the right to seek to
subordinate such claims under Section 510(b) of the Bankruptcy
Code, which provides, in part, that claims for damages arising from
the purchase or sale of securities in a debtor or an affiliate of a
debtor are subordinated to claims or interests that are senior or
equal to such claims.

In doing so, Section 510(b) maintains the Bankruptcy Code's
absolute priority rule, by which interest holders cannot receive
distribution from a bankruptcy estate until creditors are first
paid in full. Section 510(b) reflects the policy recognition that
investor claims should be subordinate to creditor claims because
investors accept a greater risk relative to creditors. Accordingly,
any subordinated claims would be classified as Class 5 (Interests)
under the Plan which are impaired, and will not receive or retain
any property under the Plan.

Like in the prior iteration of the Plan, each Holder of an Allowed
General Unsecured Claim in Class 4 shall receive such Holder's Pro
Rata share of the Liquidating Trust Interests entitling such Holder
to receive, on a Distribution Date, its Pro Rata share of the
Liquidating Trust Net Recovery available for Distribution on each
such Distribution Date as provided under the Plan and the
Liquidating Trust Agreement. The allowed unsecured claims total
$18.5 million.

The Bankruptcy Court has scheduled the Combined Hearing for 11:00
a.m. on October 6, 2022. Any objections to the adequacy of the
Disclosure Statement or Confirmation of the Plan must be filed by
no later than September 29, 2022.

A full-text copy of the Solicitation Version of the Modified
Disclosure Statement dated August 22, 2022, is available at
https://bit.ly/3T8vXWC from Kurtzman Carson Consultants, LLC,
claims agent.

Counsel to the Debtors:

     Frank A. Oswald, Esq.
     Brian F. Moore, Esq.
     Amy M. Oden, Esq.
     Togut, Segal & Segal, LLP
     One Penn Plaza, Suite 3335
     New York, NY 10119
     Tel: (212) 594-5000
     Fax: (212) 967-4258
     Email: frankoswald@teamtogut.com
            bmoore@teamtogut.com
            aoden@teamtogut.com

                   About Pareteum Corporation

Pareteum Corporation is a cloud software communications platform
company which provides communications platform-as-a-service (CPaaS)
solutions offering mobility, messaging, and connectivity and
security services and applications. It has operations in North
America, Latin America, Europe, Middle East, Africa, and the
Asia-Pacific region.

Pareteum Corporation and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
22-10615) on May 15, 2022. In the petition signed by Laura W.
Thomas, interim chief financial officer, Pareteum Corporation
disclosed $52,043,000 in assets and $10,486,000 in liabilities.

Judge Lisa G. Beckerman oversees the cases.

The Debtors tapped Togut, Segal & Segal, LLP as bankruptcy counsel;
King & Spalding, LLP as special counsel; FTI Capital Advisors, LLC
as investment banker; FTI Consulting, Inc. as financial advisor;
and Saccullo Business Consulting, LLC as provider of wind-down
officer and additional personnel. Kurtzman Carson Consultants, LLC
is the claims, noticing, and balloting agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases on May 24, 2022. Sidley
Austin, LLP and AlixPartners, LLP serve as the committee's legal
counsel and financial advisor, respectively.


PARETEUM CORP: Unsecureds Owed $18M Get Share of Liquidating Trust
------------------------------------------------------------------
Pareteum Corporation, et al., submitted a Modified Disclosure
Statement for Chapter 11 Plan of Liquidation.

The Plan is centered around (i) the sale of substantially all of
the Debtors' assets (the "Sale") to Circles Ventures Group, LLC
("CVG") and Circles MVNE PTE. Ltd. ("Circles" and, together with
CVG, the "Purchasers") under section 363 of the Bankruptcy Code
pursuant to an asset purchase agreement to the Bankruptcy Court
order dated June 30, 2022 (the "Sale Order") (as such agreement may
be amended, supplemented, or otherwise modified from time to time,
the "Purchase Agreement") and (ii) a global settlement and release
agreement among the Debtors, the Purchasers, and the official
committee of unsecured creditors (the "Creditors' Committee"),
which was approved by the Bankruptcy Court on July 8, 2022. The
Sale and the Global Settlement are the result of extensive
good-faith negotiations among the Debtors, the Creditors'
Committee, and the Purchasers.

With the closing of the Sale on July 11, 2022, the Debtors have
liquidated their primary tangible assets and satisfied
substantially all of their secured debt obligations. Pursuant to
the Purchase Agreement, the Debtors retained $600,000 in Cash to be
used to wind down, dissolve, and liquidate the Debtors' Estates and
distribute their remaining assets pursuant to the Plan (the "Wind
Down Amount"). The Debtors' other remaining assets primarily
consist of potential Causes of Action and tax refunds the Debtors
believe they are owed by the Spanish and Italian governments (the
"Tax Refund").

The Plan establishes a Liquidating Trust on the Effective Date, to
be administered by a Liquidating Trustee, to pursue Retained Causes
of Action (as defined below) and maximize the value of the
Liquidating Trust Assets. Under the Plan, Holders of Allowed
General Unsecured Claims will receive interests in the Liquidating
Trust, and the Liquidating Trust will distribute the Liquidating
Trust Net Recovery to Holders of Liquidating Trust Interests in
accordance with the Plan and the priorities established by the
Bankruptcy Code and applicable orders of the Bankruptcy Court. The
Plan ensures that the Liquidating Trust will be funded with an
aggregate of at least $1.25 million by the Purchasers and the
Debtors in accordance with the terms of the Global Settlement to
allow the Liquidating Trustee to effectively pursue the Retained
Causes of Action on behalf of Beneficiaries of the Liquidating
Trust and to complete the administration of the Debtors' Chapter 11
Cases.

The cornerstone of the Plan is the Court-approved Global Settlement
among the Debtors, the Creditors' Committee, and the Purchasers.
The following are the key terms of the Global Settlement as
incorporated into the Debtors' Plan:

    * Within two Business Days of the Effective Date, Circles will
place $500,000 in Cash in the Liquidating Trust Escrow Account for
the benefit of the Liquidating Trust pursuant to Section 3(a) of
the Global Settlement (the "Circles Payment");

    * On July 11, 2022 (the "Sale Closing Date"), $100,000 of the
Wind Down Amount was escrowed for the benefit of the Liquidating
Trust for the purpose of winding down the Debtors' estates (the
"Wind Down Trust Amount"), which amount will be deposited into the
Liquidating Trust Escrow Account on the Effective Date, subject to
the Debtors' use of such funds to pay Administrative Claims on or
prior to the Effective Date with
the Creditors' Committee's prior written consent or as required by
order of the Bankruptcy Court;

    * CVG will transfer $750,000 realized from the recovery of
accounts receivable to the Liquidating Trust in one or more
installments as set forth in Section 3(b) of the Global Settlement
(the "CVG Payment");

    * The Debtors will, immediately upon receipt, transfer to the
Liquidating Trust any tax refunds received by the Debtors from the
Spanish and Italian governments (the "Tax Refund");

    * With respect to certain claims sold and assigned to Circles
under the Purchase Agreement (the "Circles Assigned Claims"),
Circles was provided exclusive standing and authority to pursue,
settle, or abandon, on behalf of the Debtors' Estates, all claims
and Causes of Action of, or held by, any Debtor against (i) each
corporate affiliate of the Debtors; (ii) the Independent Directors;
(iii) Management; (iv) the Circles Transferred Employees; or (v)
vendors or third-party providers of the Debtors (as of the Sale
Closing) related to the MVNE Business, including claims and Causes
of Action arising under chapter 5 of the Bankruptcy Code or similar
state laws, including any derivative claims related to certain
stockholder litigation currently pending in New York state court.
In the event Circles receives affirmative net recoveries from the
prosecution of the Circles Assigned Claims, it will transfer 20% of
such recoveries to the Liquidating Trust within 10 days of
receipt;

    * With respect to certain claims sold and assigned to CVG under
the Purchase Agreement (the "CVG Assigned Claims"), CVG was
provided exclusive standing and authority to pursue, settle, or
abandon, on behalf of the Debtors' estates, all claims and Causes
of Action of or held by any Debtor against (i) each corporate
affiliate of the Debtors, (ii) the CVG Transferred Employees (other
than Management), and (iii) vendors and third-party providers of
the Debtors (as of the Sale Closing) arising under chapter 5 of the
Bankruptcy Code or similar state laws related to the CVG Purchased
Assets (as defined in the Purchase Agreement). In the event CVG
receives affirmative net recoveries from the prosecution of the CVG
Assigned Claims, it will transfer 20% of such recoveries to the
Liquidating Trust within 10 days of receipt;

    * Other than the Circles Assigned Claims and the CVG Assigned
Claims, any and all actions, claims, and Causes of Action in law or
in equity, of any nature whatsoever, known or unknown, fixed or
contingent of the Estates (collectively, the "Retained Causes of
Action") will be transferred to the Liquidating Trust on the
Effective Date;

    * Upon the Sale Closing Date, pursuant to the Transition
Services Agreement (as defined and described below in Section V.D),
the Purchasers designated one transferred employee (the "TSA
Designee") to provide services to the Debtors, and the Debtors
agreed to provide certain services to the Purchasers;

    * Upon the Sale Closing Date, the Debtors identified, employed,
and designated (with the consent of the Creditors' Committee and
approval of the Bankruptcy Court) Anthony M. Saccullo (with the
support and assistance of Saccullo Business Consulting, LLC) to
administer the Debtors' Estates from the Sale Closing Date through
the Effective Date (the "Wind Down Officer"); and

     * The Creditors' Committee and each of the Debtors and the
Debtors' Estates conditionally released each of the Prepetition
Secured Parties (as defined in the Final DIP Order (as defined
below)) and their related parties with respect to any claims
relating to the Prepetition Obligations, the Prepetition Liens, and
the Prepetition Collateral (each as defined in the Final DIP
Order).

In addition to the Liquidating Trust Escrow Account, the Plan
establishes three other reserve accounts: (i) the Plan Reserve
Account, (ii) the Disputed Claims Reserve, and (iii) the
Professional Fee Escrow.

The Plan Reserve Account will be funded with the Wind Down Amount
($600,000) less the Wind Down Trust Amount ($100,000), less any
amounts that may be used between the Sale Closing Date and the
Effective Date to fund the costs of the Chapter 11 Cases, including
the satisfaction of Allowed Claims on or prior to the Effective
Date in accordance with the terms of the Plan and any orders of the
Bankruptcy Court. Following the Effective Date, the funds in the
Plan Reserve Account will be used to pay Allowed Administrative
Claims (other than Professional Fee Claims), Allowed Priority Tax
Claims, Allowed Other Secured Claims, and Allowed Other Priority
Claims that have not otherwise been satisfied as of the Effective
Date (collectively, the "Plan Reserve Obligations"). Any funds
remaining in the Plan Reserve Account following satisfaction or
disallowance of all Plan Reserve Obligations will become
Liquidating Trust Assets.

The Disputed Claims Reserve will hold Liquidating Trust Interests
for the benefit of the Holders of Disputed General Unsecured Claims
that subsequently become Allowed Claims.

Finally, the Professional Fee Escrow will be funded with the
Professionals' estimated Accrued Professional Compensation through
the Effective Date and will be used to pay Professional Fee Claims
following final approval of such compensation by the Bankruptcy
Court.

The Global Settlement and the Plan eliminate what was likely to be
time consuming and expensive litigation and will allow the Debtors
to expeditiously conclude the Chapter 11 Cases. Accordingly, the
Debtors believe that implementation of the Plan is in the best
interests of the Debtors and their stakeholders and is the best
possible alternative to maximize value for Holders of Allowed
Claims. There can be no guarantee under either an alternative
chapter 11 plan or a chapter 7 liquidation that Holders of Allowed
General Unsecured Claims would receive any recovery. Other Claims
senior to General Unsecured Claims may arise and become Allowed
Claims, including claims raised by parties subject to the
Governmental Bar Date, and the company may be implicated in state
or federal investigations related to the conduct set forth below,
which may result in the assertion of unforeseeable and potentially
material claims or other necessary costs of administering the
estates may arise which may materially impact the distribution to
unsecured creditors. In either case, if the payment of such Claims
is necessary to achieve confirmation of an alternative plan, the
Creditors' Committee may or may not support such plan.

Confirmation of the Plan will be considered by the Bankruptcy Court
at the Combined Hearing. Among other requirements, for the Plan to
be confirmed, Class 4 consisting of General Unsecured Claims must
accept the Plan. Class 4 has accepted the Plan if Holders of
General Unsecured Claims that hold at least two-thirds in amount
and more than one-half in number of the Allowed Claims held by
Holders of Claims in such Class (excluding insiders) have accepted
the Plan.

If the Plan is not confirmed and consummated, there can be no
assurance that the Chapter 11 Cases will not be converted to a
liquidation under chapter 7 of the Bankruptcy Code. While a chapter
7 liquidation would have the same goal, the Plan provides the best
source of recovery because: (i) a chapter 7 liquidation may not
provide for a timely distribution to Holders of Allowed Claims;
(ii) the settlements embodied in the Plan provide protections to
assist in maximizing value to creditors; and (iii) distributions
would likely be smaller due to additional administrative costs,
including those of a chapter 7 trustee and its professionals.
Accordingly, if the Plan is not confirmed, it is likely that
creditors will realize lower recoveries on account of their Allowed
Claims, if any.

Under the Plan, Class 4 General Unsecured Claims totaling $18.5
million. Subject to the terms of Sections 3.4(d) and 5.4 of the
Plan, except to the extent that a Holder of an Allowed General
Unsecured Claim agrees to less favorable treatment, in full and
final satisfaction, each Holder of an Allowed General Unsecured
Claim shall receive such Holder's Pro Rata share of the Liquidating
Trust Interests entitling such Holder to receive, on a Distribution
Date, its Pro Rata share of the Liquidating Trust Net Recovery
available for Distribution on each such Distribution Date as
provided under the Plan and the Liquidating Trust Agreement. Class
4 is impaired.

The Bankruptcy Court has scheduled the Combined Hearing for 11:00
a.m. (Eastern Time) on October 6, 2022.

Any objections to the adequacy of the Disclosure Statement or
Confirmation of the Plan must be filed and served no later than
4:00 p.m. (Eastern Time) on September 29, 2022.

The ballot must be duly completed, executed, and actually received
by 5:00 p.m. (Eastern Time) on September 27, 2022.

Counsel to the Debtors:

     Frank A. Oswald, Esq.
     Brian F. Moore, Esq.
     Amy M. Oden, Esq.
     TOGUT, SEGAL & SEGAL LLP
     One Penn Plaza, Suite 3335
     New York, NY 10119
     Tel: (212) 594-5000

A copy of the Disclosure Statement dated August 17, 2022, is
available at https://bit.ly/3SYeMaa from PacerMonitor.com.

                    About Pareteum Corporation

Pareteum Corporation is a cloud software communications platform
company which provides communications platform-as-a-service (CPaaS)
solutions offering mobility, messaging, and connectivity and
security services and applications. It has operations in North
America, Latin America, Europe, Middle East, Africa, and the
Asia-Pacific region.

Pareteum Corporation and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No.
22-10615) on May 15, 2022. In the petition signed by Laura W.
Thomas, interim chief financial officer, Pareteum Corporation
disclosed $52,043,000 in assets and $10,486,000 in liabilities.

Judge Lisa G. Beckerman oversees the cases.

The Debtors tapped Togut, Segal & Segal, LLP as bankruptcy counsel;
King & Spalding, LLP as special counsel; FTI Capital Advisors, LLC
as investment banker; FTI Consulting, Inc. as financial advisor;
and Saccullo Business Consulting, LLC as provider of wind-down
officer and additional personnel. Kurtzman Carson Consultants, LLC
is the claims, noticing, and balloting agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases on May 24, 2022. Sidley
Austin, LLP and AlixPartners, LLP serve as the committee's legal
counsel and financial advisor, respectively.


PAYROLL MANAGEMENT: Sept. 19 to File Plan and Disclosure Statement
------------------------------------------------------------------
Judge Karen K. Specie has entered an order that Payroll Management,
Inc. shall have through and including September 19, 2022 in which
to file its Plan and Disclosure Statement.


                   About Payroll Management

Payroll Management, Inc., provides human resource solutions to
businesses that choose to outsource those functions.  It offers
human resource support, payroll, administration, workers'
compensation, recruiting and training, safety training, and
miscellaneous services.  Payroll Management was founded in 1986 and
is based in Fort Walton Beach, Fla.

Payroll Management filed a Chapter 11 petition (Bankr. N.D. Fla.
Case No. 18-30298) on March 27, 2018, listing up to $500,000 in
assets and up to $50 million in liabilities.  D.C. Mickle-Bee,
chief executive officer, signed the petition.  

Judge Jerry C. Oldshue Jr. presides over the case.  

Natasha Revell, Esq., at Zalkin Revell, PLLC, serves as the
Debtor's bankruptcy counsel.


PERFORMANCE FOOD: S&P Upgrades ICR to 'BB-', Outlook Stable
-----------------------------------------------------------
S&P Global Ratings raised its ratings on the foodservice, vending,
and convenience store distributor U.S.-based Performance Food Group
Inc. (PFG), including its issuer credit and senior unsecured note
ratings, to 'BB-' from 'B+'. S&P's recovery rating on PFG's senior
unsecured notes is '4', reflecting its expectation for average
(30%-50%; rounded estimate: 40%) recovery in the event of a payment
default.

The stable outlook reflects our expectation that PFG will generate
solid free operating cash flow (FOCF) in fiscal 2023 with adjusted
leverage falling below 4.5x as better supply chain conditions and
lower inflation translate into meaningfully lower working capital
build, profit stability, and debt reduction.

S&P said, "We expect PFG's performance will remain satisfactory,
with moderate credit measure improvement in fiscal 2023, including
solid FOCF used for debt repayment, despite slowing demand. PFG's
pro forma adjusted leverage was 4.8x as of July 2, 2022--slightly
below our less than 5x upgrade threshold, and we believe the
company will improve adjusted leverage further in 2023 to 4.3x due
to about 5% pro forma adjusted EBITDA growth and debt reduction. We
anticipate PFG will use the majority of its $300 million FOCF to
reduce debt in 2023, which we believe is achievable since working
capital was elevated at fiscal year end. The company maintained
high working capital intentionally to keep customer fill rates
high; levels were also elevated because the company transacted
large tobacco buys in the fourth quarter ahead of expected price
increases. We do not anticipate net working capital investment to
be a major drag on cash flow in 2023."

PFG's sizable acquisition activity over the last few years has thus
far been successful. PFG's purchase of rival Reinhart Foodservice
entailed filling excess capacity at Reinhart with its suite of
higher margin proprietary brands. PFG indicated the Reinhart
acquisition has performed very well and believes there are still
cost synergies to be realized between the two networks.

S&P said, "We believe PFG's move into convenience store
distribution (initially through Eby-Brown and more recently the
much larger Core-Mark acquisition) has thus far met the company's
plans. While we believe the move into convenience store
distribution adds new risks (such as exposure to the secular
decline in nicotine demand) and magnifies certain existing risks
(the impact of higher gas prices on demand), PFG's ability to win
share in the foodservice side of convenience store—which has
margins akin to the legacy foodservice business—presents upside.
PFG indicates the serviceable addressable convenience distribution
market exceeds $125 billion, including almost $50 billion
non-nicotine product. Other channels, including mass merchants and
drug stores, present opportunity.

"In our opinion, the convenience store sector (including gas
stations) is only moderately cyclical in a typical downturn.
However, the rise in gas prices this year has already had a
negative impact on volumes in the channel. It's possible that
sustained high gas prices coupled with generally high inflation
across the economy could further crimp convenience store demand in
2023. Moreover, tobacco sales constitute around 60% of PFG's
convenience store sales, though its gross profit contribution is
only 40%, and probably less than 10% on a total PFG consolidated
basis. Nevertheless, tobacco product volumes are in secular decline
in the U.S. due to demographic changes and regulations, which could
become more stringent over the next decade. A large, sustained
decline in tobacco sales could hurt fixed cost absorption in PFG's
convenience distribution business.

"The stable outlook reflects our expectation that PFG will generate
solid FOCF in fiscal 2023 with adjusted leverage falling below 4.5x
as better supply chain conditions and lower inflation translate
into meaningfully lower working capital build, profit stability,
and debt reduction."

A higher rating could result over the next year if:

-- S&P favorably reassess its view of the company's business risk
profile, which could result from sustained operating efficiency
improvements, potentially due to enhanced scale, successful cross
selling between business units, and synergies from recent or future
acquisitions, which drive adjusted EBITDA margin higher.
Additionally, a more favorable view of the business risk could
result if PFG performs reasonably well through a potential near
term economic downturn, or

-- PFG moderates its financial policy such that S&P expects S&P
Global Ratings'-adjusted leverage will be sustained below 4x.

S&P could lower the rating if profitability weakens such that
adjusted leverage is sustained above 5x, which could result if:

-- There is a sustained decline in consumer spending because of a
protracted recession including high inflation particularly in
energy; or

-- Competition intensifies including from large broadline rivals
seeking to expand in the higher margin independent restaurant
segment or from other large convenience store distributors.

S&P could also lower the rating if financial policy becomes more
aggressive, including large debt financed acquisitions or share
repurchases.

ESG Credit Indicators: E-2, S-2, G-2



POLAR POWER: Incurs $739K Net Loss in Second Quarter
----------------------------------------------------
Polar Power, Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting a net loss of $739,000
on $4.27 million of net sales for the three months ended June 30,
2022, compared to a net loss of $866,000 on $4.85 million of net
sales for the three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $1.86 million on $7.98 million of net sales compared to a
net loss of $2.77 million on $8.14 million of net sales for the six
months ended June 30, 2021.

As of June 30, 2022, the Company had $27.25 million in total
assets, $5.86 million in total liabilities, and $21.39 million in
total stockholders' equity.

Polar Power said, "Historically, we have financed our operations
through public and private sales of common stock, credit lines from
financial institutions, and cash generated from operations to
provide the Company the liquidity and capital resources to fund its
operating expenses and capital expenditure requirements.  The
Company expects to continue investing in product development and
sales and marketing activities and has taken action to improve our
margins, and are continuing to build a strong back log.  The
long-term continuation of the Company's business plan is dependent
upon the generation of sufficient revenues from its products to
offset expenses.  In the event that the Company does not generate
sufficient cash flows from operations and is unable to obtain
funding, the Company will be forced to delay, reduce, or eliminate
some or all of its discretionary spending, which could adversely
affect the Company's business prospects, ability to meet long-term
liquidity needs or ability to continue operations.

"The Company continues to monitor the evolving COVID-19 pandemic
and related guidance from international and domestic authorities,
including federal, state and local public health authorities and it
may need to make changes to its business based on their
recommendations.  COVID-19 has had, and is likely to continue to
have, a material and substantial adverse impact on the Company's
results of operations including, among others, a decrease in the
Company's sales and delays in sourcing of raw materials from
suppliers.  The Company's business is directly dependent upon, and
correlates closely with, the marketing levels and ongoing business
activities of its existing customers and suppliers.  In the event
of a continued widespread economic downturn caused by COVID-19, the
Company could experience a further reduction in current projects,
longer sales and collection cycles, deferral or delay of purchase
commitments for its DC power systems, a reduction in its
manufacturing functionality, higher than normal inventory levels, a
reduction in the availability of qualified labor, and increased
price competition, all of which could substantially adversely
affect its net revenues and its ability to remain a going
concern."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001622345/000149315222022895/form10-q.htm

                         About Polar Power

Headquartered in Gardena, California, Polar Power, Inc. designs,
manufactures and sells direct current, or DC, power generators,
renewable energy and cooling systems for applications primarily in
the telecommunications market and, to a lesser extent, in other
markets, including military, electric vehicle charging and
residential and commercial power.

Polar Power reported a net loss of $1.41 million for the year ended
Dec. 31, 2021, a net loss of $10.87 million for the year ended Dec.
31, 2020, a net loss of $4.04 million for the year ended Dec. 31,
2019, and a net loss of $848,252 for the year ended Dec. 31, 2018.
As of Dec. 31, 2021, the Company had $27.18 million in total
assets, $3.93 million in total liabilities, and $23.25 million in
total stockholders' equity.


POLAR US: Moody's Rates $272.5MM Sr. Secured First Lien Debt 'B3'
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Polar US
Borrower, LLC's (dba Si Group, Inc.) $272.5 million senior secured
first lien revolving credit facility. The revolving credit facility
is upsized from $250 million and the maturity has been extended
from 2023 to 2027. The B3 Corporate Family Rating, B3-PD
Probability of Default Rating and B3 rating on the first lien
senior secured term loan and Caa2 rating on the senior unsecured
notes remains unchanged. The outlook is stable.

"The extension of the maturity profile removes near term
refinancing risk as the revolving credit facility was set to become
current in a few months," said Domenick R. Fumai, Moody's Vice
President and lead analyst for Polar US Borrower, LLC.

Assignments:

Issuer: Polar US Borrower, LLC

GTD Senior Secured First Lien Revolving Credit Facility, Assigned
B3 (LGD3)

RATINGS RATIONALE

SI Group's B3 rating is constrained by continued elevated leverage
with Moody's adjusted Debt/EBITDA of 6.8x as of March 31, 2022.
Nonetheless, SI Group's financial performance has held up
relatively well despite the current challenging inflationary
environment. Moody's expects that sales growth will moderate as
global macroeconomic conditions slow, but should continue to
demonstrate year-over-year increases. Although EBITDA has steadily
improved, raw material price inflation and higher logistics costs
have pressured margins, nevertheless expectations are for commodity
prices to decline over the second half of 2022. Moody's now
projects Debt/EBITDA, including standard adjustments, will range
between 6.5x-7.0x in FY 2022 in contrast to mid-7x. However, free
cash flow is expected to remain negative because of higher working
capital and increased capex spending to expand additives capacity
at several plants.

The rating is also tempered by SI Group's exposure to several
cyclical end markets including automotive and tire, fuel and
lubricants and oilfield solutions, which increases revenue and
EBITDA volatility as was demonstrated by the company's operating
performance in FY 2020. Furthermore, several of the company's key
raw materials, including phenol and isobutylene, are unpredictable
and subject to significant price swings, which despite protection
from long-term contracts, could pressure profitability.

The B3 rating is supported by SI Group's broad product portfolio.
SI Group's business profile is characterized as having good scale
compared to many similarly-rated issuers, well-balanced geographic
diversity and solid market positions serving a varied number of end
markets. SI Group benefits from the importance of its performance
additives products to customers, which makes switching suppliers
challenging, and is evidenced by long-term relationships with many
of them exceeding 20 years. The credit profile also considers the
company's improved cost structure following the merger of Addivant
and Schenectady International Group in 2018 as it has successfully
exceeded synergy targets, rationalized its portfolio by divesting
low margin, non-core businesses such as industrial resins and made
investments in growth initiatives such as Project Lonestar. The
rating is further underpinned by SI Group's liquidity of
approximately $239 million as of March 31, 2022.

The stable outlook reflects Moody's expectations that demand in SI
Group's key end markets such as rubber and adhesives, fuel and
lubricants, and packaging exhibit less volatility in the event that
economic conditions weaken in the fourth quarter of 2022 or in
2023.  The outlook also factors that the company will maintain
sufficient liquidity of at least $200 million over the next 12-18
months.

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

Moody's would likely consider a downgrade if leverage is
consistently maintained above 7.5x and free cash flow is negative
for a sustained period, if there is a significant deterioration in
liquidity or a large debt-financed acquisition or dividend to the
sponsor.

Moody's would consider an upgrade if financial leverage, including
Moody's standard adjustments, is below 6.0x for an extended period,
revenue and free cash flow growth remain positive and the private
equity sponsor demonstrates a commitment to more conservative
financial policies.

Debt capital is currently comprised of the $272.5 million first
lien senior secured revolving credit facility due 2027, and $1.475
billion first lien senior secured term loan due 2025, of which
approximately $1.34 billion is outstanding as of March 31, 2022.
The B3 rating on the first lien term loan and revolving credit
facility, the same as the CFR, reflects their still sizable amount
in the capital structure with only moderate loss absorption
following the issuance of the senior unsecured notes. The first
lien term loan does not contain financial maintenance covenants
while the revolving credit facility is subject to a springing total
net leverage ratio test if usage exceeds 35% at the end of the
quarter. Moody's does not expect the company to test the covenant
over the next 12 months and believes that if it was triggered, SI
Group would be in compliance. The revolving credit facility also
has a springing maturity of 91 days before the term loan maturity
in October 2025 and notes maturity in May 2026. The Caa2 rating
assigned to the senior unsecured notes reflects their subordinated
position and relatively low recovery prospects given the amount of
secured debt in the capital structure.

The principal methodology used in this rating was Chemicals
published in June 2022.

Polar US Borrower, LLC is the pass-through entity of ultimate
parent, SK Mohawk Holdings, SARL, an affiliate of private
investment firm, SK Capital Partners. SI Group manufactures
performance additives for use in polymer, rubber, lubricants,
fuels, adhesives applications, surfactants in addition to some
specialty chemicals. The company serves a broad array of industries
including pharmaceuticals, plastics, automotive, and oil and gas.
SI Group generated revenue of approximately $2.0 billion for the
year ending December 31, 2021. 


PRESCOTT BREWING: Taps Gammage & Burnham as Special Counsel
-----------------------------------------------------------
Prescott Brewing Company, Inc. received approval from the U.S.
Bankruptcy Court for the District of Arizona to employ Gammage &
Burnham, PLC as its special counsel.

The firm will assist the Debtor with the disposal of alcohol at its
premises in accordance with local, state and federal regulations,
and assist the Debtor with the renewal and eventual sale of the
liquor license or permit.

The firm will charge these hourly fees:

     Paralegals      $185 - $250
     Land Planners   $180 - $250
     Associates      $265 - $350
     Partners        $395 - $675

As disclosed in court filings, Gammage & Burnham does not have any
adverse interest to the Debtor or its estate.

The firm can be reached through:

     Camila Alarcon, Esq.
     Gammage & Burnham, PLC
     40 N Central Ave 20th Floor
     Phoenix, AZ 85004
     Phone: +1 602-256-0566
     Email: calarcon@gblaw.com

                   About Prescott Brewing Company

Prescott Brewing Company, Inc. is a company in Prescott, Ariz.,
which operates in the restaurant and bars industry.

Prescott Brewing Company filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No.
22-04467) on July 8, 2022, disclosing $1,193,265 in total assets
and $274,703 in total liabilities. Christopher C. Simpson serves as
Subchapter V trustee.

Gallagher & Kennedy, PA and Gammage & Burnham, PLC serve as the
Debtor's bankruptcy counsel and special counsel, respectively.


PRESTIGE HOMECARE: Unsecureds Will Get 20% of Claims in 60 Months
-----------------------------------------------------------------
Prestige Homecare, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of Tennessee a Chapter 11 Plan of
Reorganization under Subchapter V dated August 22, 2022.

The Debtor provides home based personal services to elderly and
infirmed clients. The Debtor plays a vital economic role providing
jobs and a quality of life for its employees.

The Debtor is dedicated to ensuring that its business becomes more
profitable. In furtherance of that goal, Debtor is committed to the
obligations of this Chapter 11 Plan, which will allow Debtor to
resume its focus on running the business.

The final Plan Payment is expected to be paid 60 months after
confirmation.

This Plan of Reorganization proposes to pay the creditors of the
Debtor from future income of the Debtor.

Non-priority unsecured creditors holding allowed claims will
receive pro rata distributions totaling $34,176 to the class, which
equates to a dividend of approximately 20%. This Plan also provides
for the payment of administrative claims.

Class 5 consists of All Allowed NonPriority Unsecured Claims. The
Plan provides a pool of $34,176 to be paid pro-rata to the
claimholders in this class. The Debtor shall pay $570 per month for
60 months. These funds shall be distributed quarterly by paying a
pro-rata dividend to the claimholders in this class beginning on
the 15th of the month following the first full quarter after the
effective date of the plan. The percentage to be paid. Debtor
believes it will pay 20% to Class members.

The Debtor will retain all ownership rights in property of the
estate.

Debtor will continue overseeing the operation of its business to
generate income, meet his ongoing living expenses, and to fund the
Plan.

The Debtor proposes to pay $705 for 60 months necessary to pay all
administrative costs, priority claims, and unsecured claims in
Class 3, Class 4 and Class 5 as specified in Article 4 of this
proposed plan.

A full-text copy of the Plan of Reorganization dated August 22,
2022, is available at https://bit.ly/3AWomDL from PacerMonitor.com
at no charge.

Attorney for Debtor:

     David J. Fulton, Esq.
     Scarborough & Fulton
     620 Lindsay St. Ste 240
     Chattanooga, TN 37403
     Phone: 423-648-1880
     Fax: 423-648-1881
     Email: djf@sfglegal.com

                    About Prestige Homecare

Prestige Homecare is a for profit limited liability company formed
and organized under Tennessee law and currently conducting business
as an in-home provider of healthcare and companionship services to
patients in the Tennessee, Georgia, and Alabama Tri-State area.

Prestige Homecare, LLC sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D. Tenn. Case No. 22-11084) on
May 23, 2022, listing $50,000 in assets and $100,001 to $500,000 in
liabilities.

Judge Shelley D Rucker presides over the case.

David J. Fulton, Esq. at Scarborough & Fulton represents the Debtor
as counsel.


RANCHO CIELO: CWC Balks at Discrepancy as to Unsecured Claims
-------------------------------------------------------------
Creditor California West Communities, LLC ("CWC") objects to the
First Amended Disclosure Statement describing First American
Chapter 11 Plan filed by debtor Rancho Cielo Estates, Ltd.

CWC is an unsecured creditor who has filed a claim in the amount of
$249,784.50.

In the Disclosure Statement, the Debtor states that with respect to
payment of unsecured creditors, "if the allowed administrative
claims total $200,000, then approximately $418,171.14 shall be
available for distribution to unsecured creditors less the priority
tax claim payable to the FTB in the amount of $1,640.73. Exhibit C
hereto is a chart of Debtor's unsecured claims, which total
approximately $355,000, based on a distribution of $416,530.41,
unsecured claims shall be paid in full."

However, Exhibit C to the Disclosure Statement, entitled "List of
General Unsecured Claims," sets forth a list of unsecured claims
under the column "Amount for Plan Purpose" that total approximately
$682,863. The Disclosure Statement does not explain the discrepancy
between the statement in the body of the Disclosure Statement that
the Debtor's unsecured claims "total approximately $355,000" and
the total amount of unsecured claims for plan purposes set forth in
Exhibit C to the Disclosure Statement, which appears to be
approximately $682,863.

Based on this unexplained discrepancy, it is impossible to
determine what the true effect of the plan is with respect to
payment of general unsecured creditors. This discrepancy needs to
be clarified and explained by the Debtor.

Attorneys for California West Communities:

     William D. Coffee, Esq.
     SONGSTAD RANDALL COFFEE & HUMPHREY LLP
     3200 Park Center Drive, Suite 950
     Costa Mesa, CA 92626
     Telephone: (949) 757-1600
     Facsimile: (949) 757-1613
     E-mail: bcoffee@sr-firm.com

                   About Rancho Cielo Estates

Rancho Cielo Estates, LTD, based in Gardena, CA, filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 20-12306) on Feb. 29, 2020.  In
the petition signed by Peter Fagrell, president, the Debtor
disclosed $3,207,977 in assets and $142,576,987 in liabilities. The
Hon. Sheri Bluebond oversees the case. Jeffrey S. Shinbrot, Esq.,
at Jeffrey S. Shinbrot, APLC, serves as bankruptcy counsel to the
Debtor.


RESHAPE LIFESCIENCES: Posts $9.6 Million Net Loss in Second Quarter
-------------------------------------------------------------------
Reshape Lifesciences Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $9.58 million on $2.89 million of revenue for the three months
ended June 30, 2022, compared to a net loss of $3.90 million on
$3.53 million of revenue for the three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $17.79 million on $5.33 million of revenue compared to a
net loss of $8.78 million on $6.75 million of revenue for the six
months ended June 30, 2021.

As of June 30, 2022, the Company had $41.93 million in total
assets, $9.56 million in total liabilities, and $32.36 million in
total stockholders' equity.

Management Commentary

"We have achieved a multitude of important milestones during the
second quarter and more recently, strengthening our position as a
market leader with our integrated portfolio of proven products and
services that manage and treat obesity and associated metabolic
disease," stated Tom Stankovich, chief financial officer of ReShape
Lifesciences.  "The recent FDA approval for the line extension of
disposable GIBI HD calibration tubes, which we expect to be rapidly
adopted by surgeons given their ability to help better visualize
the anatomy, making it easier to identify potential defects, should
be launched into the market in September.  Additionally, through
our partnership with OpenLoop, we continue to expand the reach and
awareness of reshapecare, our proprietary, doctor prescribed,
digital therapeutic weight loss and wellness program, reimbursed by
major insurance plans.  reshapecare is a critical component of
treatment provided by ReShape, through which we offer an effective
and convenient virtual health coaching program for all weight loss
patients including medical weight loss and pre- and post-surgical
bariatric patients.  We are also encouraged by the continued pace
of inbound requests from bariatric surgeons for refresher courses
on the Lap-Band Program and the ability to train bariatric fellows,
for the first time, at the ASMBS annual conference, in June.  On
the financial side, during the quarter, we continued to strengthen
the balance sheet, grossing $2.5 million in proceeds from a warrant
exercise, which, combined with an increase in revenues for the
second half of 2022, extends our cash runway well into 2023.  Taken
together, these recent accomplishments bode well for future sales
and revenue growth, going forward."

Mr. Stankovich continued, "We are also fortunate to welcome Paul F.
Hickey as ReShape's newly appointed President and Chief Executive
Officer.  Paul's extensive medical device and commercialization
experience, and his deep understanding and familiarity with the
obesity market and the Lap-Band, will serve us well as he leads us
through our continued growth trajectory."

"I look forward to leading ReShape during such an exciting
juncture, as we continue to execute on our goal of becoming the
global leader of physician-led weight loss and metabolic health
solutions, with a comprehensive, integrated slate of products and
services," stated Mr. Hickey.  "The 19% increase in sequential
revenues achieved in the second quarter reflects consumers' belief
in the safety and efficacy of the Lap-Band as an effective and
increasingly preferred method of managing obesity.  It also
reflects the growing ability of bariatric surgeons to proceed with
these elective procedures, which were severely restricted earlier
in the year due to the continued COVID-19 pandemic.  While patients
and providers navigate the typical six-month mandatory waiting
period required by insurers for bariatric or weight loss
procedures, including the Lap-Band, we expect the positive trend in
sales to continue in the second half of the year.  Additionally ,we
expect bariatric practices to continue working through patient
backlogs generated by the ongoing success of our multi-tiered, DTC
marketing campaign."

Liquidity and Management's Plans

ReShape said, "The Company currently does not generate revenue
sufficient to offset operating costs and anticipates such
shortfalls to continue primarily due to the unpredictability of new
variants of COVID-19, which may result in a slow-down of elective
surgeries and restrictions in some locations.  As of June 30, 2022,
the Company had net working capital of approximately $10.3 million,
primarily due to cash and cash equivalents and restricted cash of
$11.5 million.  The Company's principal source of liquidity as of
June 30, 2022, consisted of approximately $11.5 million of cash and
cash equivalents and restricted cash, and $2.4 million of accounts
receivable.  Based on its available cash resources, the Company may
not have sufficient cash on hand to fund its current operations for
more than twelve months from the date of filing this Quarterly
Report on Form 10-Q.  This condition raises substantial doubt about
the Company's ability to continue as a going concern.  The Company
believes in the viability of its business strategy and in its
ability to raise additional funds, however, there can be no
assurance to that effect.

"Given the Company's projected operating requirements and its
existing cash and cash equivalents management's plans include
evaluating different strategies to obtain the required funding of
future operations.  Our anticipated operations include plans to (i)
integrate the sales and operations of the Company with the Lap-Band
product line in order to expand sales domestically and
internationally (ii) improve operational efficiencies, resulting in
a reduction of operational expenses, as well as a reduction to
marketing and advertising costs, primarily due to focusing on
digital media rather than television and print and (iii) to
continue promoting reshapecare as an addition to bariatric surgery
or as an alternative to individuals that do not meet the criteria
and/or do not want to go through bariatric surgery.  If sales do
not improve, we will reduce our expenditures for marketing,
clinical and product development activities to maintain operational
activities until a period of time in which we could obtain
additional debt or equity financing to support our operations.
However, there can be no assurance that the Company will be able to
secure such additional financing.  Therefore, the plans cannot be
deemed probable of being implemented.  As a result, the Company's
plans do not alleviate substantial doubt about our ability to
continue as a going concern."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1427570/000155837022013821/rsls-20220630x10q.htm

                    About ReShape Lifesciences

ReShape Lifesciences Inc. (Obalon Therapeurtics, Inc.) is a weight
loss and metabolic health-solutions company, offering an integrated
portfolio of proven products and services that manage and treat
obesity and metabolic disease.

ReShape reported a net loss of $61.93 million for the year ended
Dec. 31, 2021, a net loss of $21.63 million for the year ended Dec.
31, 2020, and a net loss of $23.67 million for the year ended Dec.
21, 2019.  As of March 31, 2022, the Company had $47.27 million in
total assets, $8.65 million in total liabilities, and $38.63
million in total stockholders' equity.


REVLON INC: Opposes Official Equity Committee
---------------------------------------------
Revlon Inc. told the judge overseeing the cosmetics giant's
bankruptcy that shareholders don't need a special, company-funded
committee to represent them in the Chapter 11 case because there is
no evidence the equity is worth anything.

An ad hoc group of Revlon shareholders, which collectively hold
less than 1% of the outstanding shares, has requested for the
appointment of an official equity committee arguing that without
the "imprimatur of official committee status," equity holders
cannot meaningfully participate in these Chapter 11 Cases "without
disadvantage" and will suffer from "de facto exclusion."

But according to the Debtors, Caselaw instructs that the
appointment of an equity committee should be rare, and only done in
the exceptional circumstance where a movant can demonstrate both
that (i) appointment of an equity committee is necessary -- not
just useful -- to adequately represent shareholders' interests and
(ii) there is a substantial
likelihood that equity holders will receive a meaningful
distribution in the bankruptcy case.

"The Ad Hoc Equity Committee has not carried its burden to show
that there is a substantial likelihood of a meaningful recovery for
equity holders in these Chapter 11 Cases.  The Ad Hoc Equity
Committee merely points to the Debtors' current stock price and
suggests that it means the Debtors have significant equity value.
While the Debtors have not come to a definitive view on
reorganization value, it is abundantly clear that the Ad Hoc Equity
Committee fails to consider other available market indications. In
this vein, the Debtors' unsecured notes -- entitled
to recover in full before equity under the absolute priority rule
-- are currently trading for as little as ten cents on the dollar,
implying the opposite of the Ad Hoc Equity Committee's conclusion.
The Ad Hoc Equity Committee makes no effort whatsoever to explain
why this Court should
disregard the market value of the Debtors' debt securities -- as
the Motion does completely -- when examining Revlon's enterprise
value, while crediting the Debtors’ stock price without question.
The burden is on the Ad Hoc Equity Committee to show a
"substantial likelihood" of a
"meaningful" recovery for equity, and it fails to carry it

                        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.


RODAN & FIELDS: S&P Downgrades ICR to 'CCC-', Outlook Negative
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating to 'CCC-' from
'CCC' because S&P believes San Francisco-based skincare company
Rodan & Fields LLC (R+F) will likely undertake a voluntary debt
restructuring to strengthen its balance sheet because it needs to
address its near-term revolver maturity and its capital structure.

S&P said, "Concurrently, we lowered our issue-level ratings on the
company's first-lien credit facility, including its first-lien
revolving facility due 2023 and the term loan due 2025 to 'CCC-
'from 'CCC+'. We revised our recovery rating to '3', reflecting our
recovery expectation on the credit facility of meaningful (50%-
70%; rounded estimate: 55%) recovery in the event of a payment
default, from '2'.

"The negative outlook reflects the probability that we will lower
our ratings if the company announces a debt restructuring
transaction in the near term to address its maturity and capital
structure.

"The likelihood of a selective debt restructuring has increased.
The company disclosed a proposal by an ad hoc group of lenders to
explore a debt restructuring to address its near-term maturities
and its overall capital structure, including its revolver due in
2023 and the term loan due in 2025. We believe this signals a high
likelihood of a distressed exchange or restructuring whereby
lenders would receive less than originally promised in the
near-term. Additionally, the company's debt has traded in the
distressed area for several years (in the mid-50% area). Given this
trading level, we believe there is potential for a subpar
exchange.

"We also revised our liquidity assessment to weak to reflect the
company's constrained liquidity position. The company drew $30
million on its revolver in July 2022 to cover its Lash Boost legal
settlement in the back half of the year, leaving only $4 million
available to draw before triggering its springing first lien
leverage covenant. We forecast the company will not be in
compliance if it triggers the covenant. This leaves the company's
current $89 million cash balance as its main source of liquidity to
cover an estimated $129 million in S&P defined uses of liquidities
over the next 12 months (including $30 million maturity under the
revolver). Therefore, it could become challenging for the company
to cover its annual interest costs between $35 million-$40 million,
which could also lead to a payment default.

"R+F's ability to return to revenue growth is uncertain. R+F's
second quarter revenue declined 29% compared to last year, and we
continue to expect double-digit declines in 2022. This is the third
year the company has experienced annual double-digit revenue
declines from its peak in 2018. We believe this is attributable to
the increased competition in the skincare category, from digital
upstarts and increased investments in this category from industry
giants such as Estee Lauder and L'Oreal. The company has launched a
new program under its new CEO (joined 2021) and it is showing
encouraging early results, such as improving consultant recruitment
metrics. However, we believe the company's path to stabilization is
still in its early phases and execution risk remains."

The negative outlook reflects the potential for lower ratings
within the next six months.

S&P could lower its ratings on the company if:

-- It announced a distressed debt exchange or restructuring to
address its revolver and term loan maturities.

-- It is unable to meet its principal and/or interest payments.

S&P said, "We could take a positive rating action if we believed a
distressed exchange were unlikely over the next 12 months, which
most likely would be the result of an unexpected turnaround in
operations, utilizing proceeds from asset sales to repay debt, or
cash equity infusion by its owners. A positive action would also
require our expectation that the company can address its revolver
maturity in 2023 and term loan maturity in 2025 without a
distressed exchange."

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



ROYALE ENERGY: Incurs $261K Net Loss in Second Quarter
------------------------------------------------------
Royale Energy, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $260,502 on $687,155 of total revenues for the three months
ended June 30, 2022, compared to a net loss of $1.02 million on
$393,715 of total revenues for the three months ended June 30,
2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $312,853 on $1.20 million of total revenues compared to a
net loss of $1.60 million on $794,978 of total revenues for the six
months ended June 30, 2021.

As of June 30, 2022, the Company had $11.36 million in total
assets, $21.30 million in total liabilities, $23.20 million in
convertible preferred stock, and a total stockholders' deficit of
$33.15 million.

Royale said, "The primary sources of liquidity have historically
been issuances of common stock, oil and gas sales through ongoing
operations and the sale of oil and gas properties.  There are
factors that give rise to substantial doubt about the Company's
ability to meet liquidity demands, and we anticipate that our
primary sources of liquidity will be from the issuance of debt
and/or equity, the sale of oil and natural gas property
participation interests through our normal course of business and
the sale of non-strategic assets.

"At June 30, 2022, the Company's consolidated financial statements
reflect a working capital deficiency of $6,971,253 and a net loss
of $312,853 for six months ended June 30, 2022.  These factors
raise substantial doubt about our ability to continue as a going
concern.

"Management's plans to alleviate the going concern by cost control
measures that include the reduction of overhead costs and the sale
of non-strategic assets.  There is no assurance that additional
financing will be available when needed or that management will be
able to obtain financing on terms acceptable to the Company and
whether the Company will become profitable and generate positive
operating cash flow.  If the Company is unable to raise sufficient
additional funds, it will have to develop and implement a plan to
further extend payables, attempt to extend note repayments, and
reduce overhead until sufficient additional capital is raised to
support further operations.  There can be no assurance that such a
plan will be successful."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1694617/000118518522000972/royaleinc20220630_10q.htm

                           About Royale

El Cajon, CA-based Royale Energy, Inc. -- http://www.royl.com-- is
an independent oil and natural gas producer incorporated under the
laws of Delaware.  Royale's principal lines of business are the
production and sale of oil and natural gas, acquisition of oil and
gas lease interests and proved reserves, drilling of both
exploratory and development wells, and sales of fractional working
interests in wells to be drilled by Royale.  Royale was
incorporated in Delaware in 2017 and is the successor by merger to
Royale Energy Funds, Inc., a California corporation formed in
1983.

Royale Energy reported a net loss of $3.60 million for the year
ended Dec. 31, 2021, compared to a net loss of $8.15 million for
the year ended Dec. 31, 2020.  As of Dec. 31, 2021, the Company had
$10.79 million in total assets, $20.55 million in total
liabilities, $22.80 million in mezzanine equity, and a total
stockholders' deficit of $32.57 million.

Dallas, Texas-based Weaver and Tidwell, LLP, the Company's auditor
since 2021, issued a "going concern" qualification in its report
dated April 15, 2022, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


SANUWAVE HEALTH: Appoints Toni Rinow as Chief Financial Officer
---------------------------------------------------------------
SANUWAVE Health, Inc. appointed Dr. Toni Rinow, 58, as chief
financial officer and designated her as principal financial officer
of the Company.  Dr. Rinow previously entered into an offer letter
with the Company on April 7, 2022.

From April 2020 through December 2021, Dr. Rinow served as CFO and
COO of Neptune Wellness Solutions, Inc., a modern consumer packaged
goods company; from 2018 through 2019, she served as the global
general manager of Jubilant Pharma Limited, a global integrated
pharmaceutical company; and from 2016 to 2018, she served as CFO
and COO of Isologic Innovative Radiopharmaceuticals, a
radiophamaceutical company.

Dr. Rinow holds an MBA and a Masters in Accounting from McGill
University in Montreal, Quebec, as well as a chemical engineering
degree from ERASMUS European Higher Institute of Chemistry in
Strasbourg, France, and a Ph.D. in Biophysics and Chemistry from
the University of Montreal.

Dr. Rinow has no family relationships with any executive officer or
director of the Company.

Dr. Rinow is entitled to an annual base salary of $335,000 and is
eligible to earn an annual cash bonus award of up to fifty percent
of her annual salary, one-half of which will be determined based
upon the achievement of Company goals and the remaining one-half of
which will be determined based upon her achievement of personal
performance goals.

The Agreement also provides for a grant of options to purchase up
to 6,000,000 shares of the Company's common stock pursuant to the
Amended and Restated 2006 Stock Incentive Plan, subject to approval
by the Company's board of directors.  Under the Agreement,
one-third of the option grant was to vest upon the signing of the
offer letter, one-third will vest on Dec. 31, 2022 and one-third
will vest on Dec. 31, 2023.  At this time, the option grant has not
occurred. Dr. Rinow also will be eligible to receive future stock
option awards as approved annually by the Company's board of
directors.  The Agreement requires Dr. Rinow to execute a separate
non-competition and confidentiality agreement.

In the event of an involuntary separation of employment from the
Company, Dr. Rinow will be entitled to a severance payment
equivalent to one year's base salary upon the execution of a
severance agreement and general release.

On Aug. 16, 2022, in connection with Dr. Rinow's appointment as
chief financial officer of the Company, Lisa E. Sundstrom
transitioned out of the chief financial officer role and was
appointed chief talent officer of the Company.

                       About SANUWAVE Health

Headquartered in Suwanee, Georgia, SANUWAVE Health, Inc.
(OTCQB:SNWV) -- http://www.SANUWAVE.com-- is a shock wave
technology company using a patented system of noninvasive,
high-energy, acoustic shock waves for regenerative medicine and
other applications.  The Company's initial focus is regenerative
medicine utilizing noninvasive, acoustic shock waves to produce a
biological response resulting in the body healing itself through
the repair and regeneration of tissue, musculoskeletal, and
vascular structures.

SANUWAVE reported a net loss of $27.26 million for the year ended
Dec. 31, 2021, compared to a net loss of $30.94 million for the
year ended Dec. 31, 2020. As of Dec. 31, 2021, the Company had
$18.62 million in total assets, $57.58 million in total
liabilities, and a total stockholders' deficit of $38.96 million.

New York, NY-based Marcum LLP, the Company's auditor since 2018,
issued a "going concern" qualification in its report dated May 13,
2022, citing that the Company has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations and the occurrence of the events of default on the
Company's debt.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


SCF LLC: U.S. Trustee Appoints Creditors' Committee
---------------------------------------------------
Paul Randolph, Acting U.S. Trustee for Region 8, appointed an
official committee to represent unsecured creditors in the Chapter
11 case of SCF, LLC.

The committee members are:

     1. Rodney M. Gisztl
        Olympic Steel, Inc.
        P.O. Box 74007208
        Chicago, IL 60674
        Phone: (440) 658-2602

     2. Sherry Kiser
        P.O. Box 858
        Adamsville, TN
        Phone: (731) 439-0507
  
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 SCF LLC

SCF, LLC provides integrated logistics and barge transportation
services.

SCF sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. W.D. Tenn. Case No. 22-10809) on July 27, 2022.  In the
petition filed by Doug Blaylock, chief financial officer, the
Debtor listed $1 million to $10 million in assets and $10 million
to $50 million in liabilities.

Judge Jimmy L. Croom oversees the case.

Steven N. Douglass, Esq., at Harris Shelton Hanover & Walsh, PLLC,
is the Debtor's counsel.


SCHAEFERS SERVICE: Unsecureds to be Paid in Full in 60 Months
-------------------------------------------------------------
Schaefers Service, Inc., filed with the U.S. Bankruptcy Court for
the Western District of Pennsylvania a Disclosure Statement to
accompany Chapter 11 Plan dated August 21, 2022.

The Debtor-in-Possession is a corporation located in Beaver County
with principal place of business at 309 Market Street, Beaver, PA
15009. Debtor conducts business as a full service automobile repair
facility with approximately 4-5 full time employees.

The Debtor initiated the instant filing as a result of delinquent
Pennsylvania Sales Tax obligations and unfiled Pennsylvania and
Federal tax returns which needed prepared, filed and resolved. The
Debtor required Court protection to reorganize over a (relatively)
short period of time. The Debtor obtained Court approval to employ
the professional services of Eric E Bononi, Esquire/CPA to assist
the company in filing delinquent returns.

This Plan provides for payment in full of its liabilities over a 60
month period. During the reorganization process, the Debtor was
able to implement a new accounting system using recent computer
hardware and software to better track income and expenses. This
reorganization should eliminate conditions which created the
initial non-filing/non-reporting dilemma.

Class II shall consist of the secured lease claim of CAS of New
England, 87 Eastman Street, South Easton, MA 02375 on the
Diagnostic and Reprogramming Laptop required for emissions and
electronic vehicle testing. CAS of New England has not filed a
Proof of Claim. Debtor shall assume the lease and continue to make
lease payments as agreed by the parties.

Class III shall consist of the timely filed, allowed claim of
secured tax claim of the Commonwealth of Pennsylvania, Department
of Revenue, Bankruptcy Division, PO Box 280946, Harrisburg, PA
17128-0946, hereinafter referred to as "PaRev". PaRev filed Proof
of Claim No. 2 indicating a secured claim of $76,113.58. This
amount shall be paid, along with statutory interest, monthly in the
amount of $1,471.49, beginning with the first payment 30 days after
confirmation of the Plan, followed by a like payment each month
thereafter for 60 months.

Class IV shall consist of the priority claims of the Pa. Department
of Revenue, Bankruptcy Division, PO Box 280946, Harrisburg, PA
17128-0946, hereinafter referred to as "PaRev" (POC# 2) and the
Internal Revenue Service, 1000 Liberty Avenue, M/S 711B,
Pittsburgh, PA 15222-3714, hereinafter referred to as "IRS", (POC
#1 & POC #4), Berkheimer OPT/LST and Berkheimer Tax Innovations.
The Debtor filed all outstanding 2018 through 2021 tax returns.

The PaRev shall have a Priority claim of $21,595.00 for tax years
2018 - 2021. This amount shall be paid through installment payments
in cash of a total value, as of the effective date of the plan,
equal to the allowed amount of the claim) and Unsecured (equal
treatment under the Plan with other unsecured parties). The amount
to be paid monthly is $359.92, beginning with the first payment 30
days after confirmation of the Plan, followed by a like payment
each month thereafter for 60 months. Debtor may be permitted to pay
the secured claim in full prior to the sixty month period without
any pre-payment penalty. Should Debtor elect to pay the claim in a
lump sum, PaRev shall calculate the payoff and submit said pay-off
amount to the Debtor and its counsel with a Pay-Off Date along with
a per diem amount, if any.

Class V shall consist of the timely filed, undisputed, allowed
claims of unsecured creditors. This class totals in the amount of
$20,926.85. These unsecured claims shall be paid in full through
over a 60 month period. Debtor may elect to payoff each claim
earlier than 60 months should funds be available.

State source of funds for planned payments, including funds
necessary for capital replacement, repairs, or improvements will
come from on going business operations.

A full-text copy of the Disclosure Statement dated August 21, 2022,
is available at https://bit.ly/3RaoowY from PacerMonitor.com at no
charge.

Counsel for the Debtor:

     Edgardo D. Santillan, Esq.
     Santillan Law, PC
     775 Fourth Street
     Beaver, PA 15009
     Telephone: (724) 770-1040
     Facsimile: (412) 774-2266
     Email: ed@santillanlaw.com

                    About Schaefers Service

Schaefers Service, Inc. filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
21-22537) on Nov. 24, 2021, listing as much as $1 million in both
assets and liabilities.  Judge Carlota M. Bohm oversees the
case.

Edgardo D. Santillan, Esq., at Santillan Law, PC and Bononi &
Company, P.C., serve as the Debtor's legal counsel and accountant,
respectively.


SEARS HOLDINGS: Faegre Drinker Represents Admin Claimants
---------------------------------------------------------
In the Chapter 11 cases of Sears Holdings Corporation, et al., the
law firm of Faegre Drinker Biddle & Reath LLP submitted a verified
statement under Rule 2019 of the Federal Rules of Bankruptcy
Procedure, to disclose that it is representing Whitebox
Multi-Strategy Partners, LP; Whitebox Asymmetric Partners, LP; Hain
Capital Investors Master Fund, Ltd. and Cherokee Debt Acquisition,
LLC.

On or about August 5, 2022, the Ad Hoc Group of Admin Claimants
retained Faegre Drinker to represent it in its application for
entry of an order allowing as an administrative priority claim, and
authorizing the Debtors to reimburse, the reasonable fees and
expenses incurred by the Ad Hoc Group of Admin Claimants for making
a substantial contribution in these Chapter 11 Cases.

Upon information and belief formed after due inquiry, Faegre
Drinker does not hold any disclosable economic interests in
relation to the Debtors.

As of Aug. 19, 2022, members of the Ad Hoc Group of Admin Claimants
and their disclosable economic interests are:

Whitebox Multi-Strategy Partners, LP
c/o Whitebox Advisors LLC
3033 Excelsior Blvd., Suite 500
Minneapolis, MN 55416

* Allowed Administrative Expense Claim in the face amount of
  $22,488,697.63, a general unsecured claim in the amount of
  $3,959,554.30 and Pro Rata Portion of Substantial Contribution
  Claim for $750,000

Whitebox Asymmetric Partners, LP
c/o Whitebox Advisors LLC
3033 Excelsior Blvd., Suite 500
Minneapolis, MN 55416

* Pro Rata Portion of Substantial Contribution Claim for $750,000

Hain Capital Investors Master Fund, Ltd.
Meadows Office Complex
301 Route 17 North
Rutherford, NJ 07070

* Allowed Administrative Expense Claim in the face amount of
  $9,010,639.33 and Pro Rata Portion of Substantial Contribution
  Claim for $750,000

Cherokee Debt Acquisition, LLC
c/o Cherokee Acquisition
1384 Broadway, Suite 906
New York, NY 10018

* Allowed Administrative Expense Claim in the face amount of
  $533,555.00, a general unsecured claim in the amount of
  $157,304.40 and Pro Rata Portion of Substantial Contribution
  Claim for $750,000

Counsel to Whitebox Multi-Strategy Partners, LP; Whitebox
Asymmetric Partners, LP; Hain Capital Investors Master Fund, Ltd.
and; Cherokee Debt Acquisition, LLC can be reached at:

          FAEGRE DRINKER BIDDLE & REATH LLP
          James H. Millar, Esq.
          Brian P. Morgan, Esq.
          1177 Avenue of the Americas, 41st Floor
          New York, NY 10036-2714
          Tel: (212) 248-3140
          Fax: (212) 248-3141
          E-mail: James.Millar@faegredrinker.com
                  Brian.Morgan@faegredrinker.com

A copy of the Rule 2019 filing is available at
https://bit.ly/3cqKZGC at no extra charge.

                    About Sears Holdings Corp.

Sears Holdings Corporation -- http://www.searsholdings.com/--
began as a mail ordering catalog company in 1887 and became the
world's largest retailer in the 1960s. At its peak, Sears was
present in almost every big mall across the U.S., and sold
everything from toys and auto parts to mail-order homes.  Sears
claims to be a market leader in the appliance, tool, lawn and
garden, fitness equipment, and automotive repair and maintenance
retail sectors.

Sears and Kmart merged to form Sears Holdings in 2005 when they had
3,500 US stores between them. Kmart emerged in 2005 from its own
bankruptcy.

Unable to keep up with online stores and other brick-and-mortar
retailers, a long series of store closings left it with 687 retail
stores in 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands
as of mid-October 2018. At that time, the Company employed 68,000
individuals.

As of Aug. 4, 2018, Sears Holdings had $6.93 billion in total
assets against $11.33 billion in total liabilities.

Unable to cover a $134 million debt payment due Oct. 15, 2018,
Sears Holdings Corporation and 49 subsidiaries sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 18-23538) on Oct. 15,
2018. The Hon. Robert D. Drain is the case judge.

The Debtors tapped Weil, Gotshal & Manges LLP as legal counsel;
M-III Partners as restructuring advisor; Lazard Freres & Co. LLC as
investment banker; DLA Piper LLP as real estate advisor; and Prime
Clerk as claims and noticing agent.

The U.S. Trustee for Region 2 appointed nine creditors, including
the Pension Benefit Guaranty Corp., and landlord Simon Property
Group, L.P., to serve on the official committee of unsecured
creditors. The committee tapped Akin Gump Strauss Hauer & Feld LLP
as legal counsel; FTI Consulting as financial advisor; and Houlihan
Lokey Capital, Inc. as investment banker.

The U.S. Trustee for Region 2 on July 9, 2019, appointed five
retirees to serve on the committee representing retirees with life
insurance benefits in the Chapter 11 cases.


SEDAMSVILLE HISTORICAL: Files for Chapter 11 With Affiliates
------------------------------------------------------------
Sedamsville Historical Society Corp filed for chapter 11 protection
without stating a reason.

The Debtor filed for bankruptcy simultaneously with affiliates
Boldface Properties LLC (Bankr. S.D. Ohio Case No. 22-11381), Emily
Vets LLC (Case No. 22-11382), and Virginia Williamsburg LLC (Case
No. 22-11384).

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

               About Sedamsville Historical Society Corp

Sedamsville Historical Society Corp. is a historical organization
in Ohio.

Sedamsville Historical Society Corp sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Ohio Case No. 22-11383)
on August 19, 2022.  In the petition filed by John C. Klosterman,
as corporate representative, the Debtor reported assets between
$50,000 and $100,000 and estimated liabilities between $1 million
and $10 million.

J. Christian A. Dennery, of Dennery, PLLC, is the Debtor's counsel.


SMART BAKING: $1M Sale to Leventhal Family Trust to Fund Plan
-------------------------------------------------------------
Smart Baking Company, LLC, filed with the U.S. Bankruptcy Court for
the Middle District of Florida a Plan of Liquidation dated August
22, 2022.

The Debtor was formed on or about January 18, 2005 by Ms. Joan
Hensen (the "Founder") and her family, to own and operate a bakery
that makes and distributes healthy snacks and food across the
country.

The Debtor filed this case to prevent a trojan horse takeover
attempt by a non-founding lender and member, Ed Mareth and his
business trust. In May 2019 and August 2019, Mr. Mareth offered two
separate loans to the Debtor to assist with operations and
expansion.

Mr. Mareth made the loans through an entity he controls, the Mareth
Collective Trusts ("Trusts"). The current CEO of the Trusts is
Anthony Septich. Trusts made $250,000.00 loan in May 2019 and
advances up to $4,400,000.00 starting in August 2019 (collectively,
the "Loans"). The Loans had an above market 15% interest rate. The
Debtor made timely payments on the Loans until June 2022.

Notably, the Trusts, without notice and hearing, had a receiver
(the "Receiver") appointed on an interim basis. The court appointed
Receiver – Anthony Septich – was the CEO of the Trusts. On July
5, 2022, the Debtor's Board of Directors voted to approve the
filing of the instant bankruptcy case to preserve the going
concern, take back control of the business and its assets for the
benefit of all stakeholders.

Class 3 consists of all Allowed General Unsecured Creditors. Class
3 is impaired. Holders of Class 3 Claims shall receive pro rata
distributions of the net proceeds of the sale of the Debtor's
Assets, after Administrative Claims, Priority Claims, the Allowed
Class 1 and Class 2 Claims are satisfied in full. Additionally,
Class 3 Claimholders shall receive a pro rata share of the net
proceeds recovered from all Causes of Action after payment of
professional fees and costs associated with such collection
efforts, and after Administrative Claims and Priority Claims are
paid in full. The maximum Distribution to Class 3 Claimholders
shall be equal to the total amount of all Allowed Class 3 General
Unsecured Claims.

Class 4 consists of all Subordinated Claims of the Mareth
Collective Trusts. Class 4 is impaired. In satisfaction of their
Allowed Class 4 Claims, the Trusts shall receive the proceeds of
the sale of the Debtor's Assets after Administrative Claims,
Priority Claims, the Class 1 Claim, the Class 2 Claim, and all
Class 3 Claims are satisfied. The maximum Distribution to Class 4
Claimholders shall be equal to the total amount of all Allowed
Class 4 Claims.

Class 5 consists of all equitable interests in the Debtor including
any claim of the Trusts that is recharacterized as a Class 5 Claim.
All equity interests will be extinguished upon the Effective Date
of the Plan. Class 5 is impaired.

As it pertains to Causes of Action, the Debtor have done an initial
investigation by reviewing its books and records and has identified
Causes of Action and potential litigation target during the course
of its initial investigation. Debtor will file an adversary
proceeding against the Mareth Collective Trusts and Joanne Walters
for the avoidance of preferential transfers, the avoidance of
fraudulent transfers, the avoidance of liens, breach of fiduciary
duties, equitable subordination of claims, recharacterization of
claims as equity, and an objection to claim.

The Debtor believes these actions to be worth in excess of
$1,000,000.00. The Debtor shall continue to review their financial
affairs and determine if there are any viable Causes of Action
within 90 days of the Effective Date. Any such identified Cause of
Action or potential Cause of Action shall be disclosed to
respective Class 3 Claimholders and the Subchapter V Trustee prior
to such period of time.

The Debtor shall operate the business in the ordinary course until
the closing of the Sale. Additionally, to fund this Plan of
Liquidation, Debtor shall sell (the "Sale") all its Assets,
excluding Causes of Action, cash on hand and accounts receivable,
to the Leventhal Family Trust (also known as the "Buyer") for a
purchase price of $1,000,000.00 in cash plus payment of all Allowed
Administrative Claims. The Buyer will file any motion to assume or
reject the real property leases prior to confirmation.

The Sale will be free and clear of all claims, liens, encumbrances,
and interests. The Sale shall close by December 1, 2022 at the Law
Offices of Latham, Luna, Eden & Beaudine, LLP. By September 1,
2022, the Buyer shall deposit a nonrefundable deposit in the amount
of $100,000.00 with the Debtor's counsel's Trust Account. There
shall be no due diligence.

The Sale to the Leventhal Family Trust is subject to higher and
better offers and such offers must be cash offers with no
contingencies. The Debtor will not accept any credit bids on
account of any Allowed Claim. After the Closing, should the Court
determine that a claim should be allowed to credit bid and is the
successful bidder of the Assets, the cash bid amount shall be
returned to such Allowed Claimholder absent payment to pay
Administrative Claims in full.

A full-text copy of the Liquidating Plan dated August 22, 2022, is
available at https://bit.ly/3wxqRtn from PacerMonitor.com at no
charge.

Attorneys for Debtor:

     Justin M. Luna, Esq.
     Latham Luna Eden & Beaudine, LLP
     201 S. Orange Ave., Suite 1400
     Orlando, FL 32801
     Tel: (407) 481-5800
     Fax: (407) 481-5801
     Email: jluna@lathamluna.com

                   About Smart Baking Company

Smart Baking Company, LLC, is a food manufacturer in Florida.  It
offers snack cakes, hamburger buns and breakfast items.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 22-02365) on July 5,
2022. In the petition signed by Harvey F. Heuvel, chief executive
officer, the Debtor disclosed up to $10 million in both assets and
liabilities.

Justin M. Luna, Esq., at Latham Luna Eden and Beaudine LLP, is the
Debtor's counsel.


SMG INDUSTRIES: Incurs $3 Million Net Loss in Second Quarter
------------------------------------------------------------
SMG Industries, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $3.02 million on $18.08 million of revenues for the three months
ended June 30, 2022, compared to a net loss of $319,624 on $12.24
million of revenues for the three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $6.65 million on $34.26 million of revenues compared to a
net loss of $4.18 million on $19.85 million of revenues for the six
months ended June 30, 2021.

As of June 30, 2022, the Company had $26.45 million in total
assets, $48.82 million in total liabilities, and a total
stockholders' deficit of $22.38 million.

"We are pleased with the revenue growth, improvement in adjusted
gross margin and positive adjusted EBITDA compared to prior
periods," stated Matt Flemming, Chairman of SMG.  Matt continued,
"Currently the Company anticipates further revenue, margin and
EBITDA growth from indicated increased customer demand of
infrastructure components such as bridge beams, higher volumes and
improved pricing.  Additionally, our asset-light brokerage business
continues to be an important part of our anticipated future growth
along with accretive acquisitions we seek."

Going Concern

The Company concluded that the uncertainty surrounding the COVID-19
global pandemic, its negative working capital, and negative cash
flows from operations are conditions that raised substantial doubt
about the Company's ability to continue as a going concern.  The
Company plans to continue to generate additional revenue (and
improve cash flows from operations) in connection with its
anticipated growth related to the Company's February 2020
acquisition of 5J and its expanded revenue lines in heavy haul,
super heavy haul, drilling rig mobilization, commodity freight, and
brokerage services.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1426506/000141057822002535/tmb-20220630x10q.htm

                       About SMG Industries

Headquartered in Houston, Texas, SMG Industries Inc. --
www.SMGIndustries.com -- is a growth-oriented transportation
services company focused on the domestic logistics market.

SMG Industries reported a net loss of $11.14 million for the year
ended Dec. 31, 2021, compared to a net loss of $15.87 million for
the year ended Dec. 31, 2020.  As of Dec. 31, 2021, the Company had
$29.23 million in total assets, $45.38 million in total
liabilities, and a total stockholders' deficit of $16.15 million.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
April 15, 2022, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


SPG HOSPICE: Trustee Proposes Dual-Track Plan
---------------------------------------------
The Chapter 11 Trustee for SPG Hospice, LLC, Scottsdale Physicians
Group, PLC and United Telehealth Corp. filed a Chapter 11 Plan and
a Disclosure Statement.

James E. Cross, the Trustee, proposes two plan options: 1)
repayment over five-year plan, or 2) Section 363 sale a sale of all
three Debtor entities as part of the plan confirmation process.

The Trustee's Plan shall accomplish the following:

   * Pay all Allowed Secured Claims in accordance with the
requirements set forth in the Bankruptcy Code,

   * Cancellation of existing equity interests in the Debtors,

   * Pursue litigation of claims held by the Debtors against all
third parties as detailed further herein,

   * Liquidate and cease all business (this only pertains if a 363
sale is accomplished), and

   * Establish a Litigation Trust to pursue all estate claims
post-confirmation in the event of a sale or reorganization.

The Debtors currently has cash on hand of $570,412.53 as of close
of business on August 16, 2022, and Net Accounts Receivable of
$5,368,095 as of July 31, 2022.

Under the Plan, holders of Class 1 Priority Unsecured Claims will
receive in full satisfaction, payment in full in cash of their
Allowed Claims in the ordinary course from the Bankruptcy Sale
proceeds, or if already fully due on the Effective Date. Class 1 is
unimpaired.

Holders of Class 3 Allowed General Unsecured Claims will receive on
account of their Allowed Claim a pro-rata distribution from the
remaining assets of the Estate on account of their Allowed Claim on
the later of: (1) no later than five years following the Effective
Date, or (2) within 10 Business Days after such Claim becomes an
Allowed Claim. This date may be modified or extended by court order
after appropriate notice and opportunity for hearing. The Class 3
Claims are impaired and holders thereof are entitled to vote to
accept or reject the Plan. Class 3 claimholders may also elect to
exchange their Allowed Claims for a corresponding equity interest
in the Reorganized Debtors. Additionally, Allowed Class 3
claimholders may exchange their Allowed Unsecured Claims on a
dollar-for-dollar basis for an Equity Interest in the Reorganized
Debtors. Class 3 is impaired.

Upon the Effective Date, Trustee shall make all payments required
hereunder, using his own discretion as to the use of the Bankruptcy
Sale proceeds or Post-Confirmation Recoveries. The Trustee shall
make no distributions other than as authorized under the Plan.

The Trustee can be reached at:

     James E. Cross
     CROSS LAW FIRM, P.L.C.
     7301 N. 16th St., Suite 102
     Phoenix, AZ 85020
     E-mail: jcross@crosslawaz.com

A copy of the Disclosure Statement dated August 17, 2022, is
available at https://bit.ly/3QAxm6R from PacerMonitor.com.

                         About SPG Hospice

SPG Hospice, LLC sought protection for relief under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 22-02385) on April
19, 2022. At the time of filing, the Debtor listed up to $50,000 in
assets and up to $500,000 in liabilities.

Jonathan P. Ibsen, Esq., at Canterbury Law Group, LLP serves as the
Debtor's legal counsel.

James Cross is the Chapter 11 trustee appointed in the Debtor's
Chapter 11 case. The trustee tapped James E. Cross, Esq., at Cross
Law Firm, PLC as legal counsel and Kathy Steadman of Coppersmith
Brockelman, PLC as healthcare personnel and regulatory compliance
specialist.


SUMAK KAWSAY: Has Until Nov. 14 to Confirm Plan
------------------------------------------------
Judge David S. Jones has entered an order that the time to confirm
a Chapter 11 Small Business Disclosure Statement together with a
Chapter 11 Small Business Chapter 11 Plan of Sumak Kawsay LLC will
be extended though and including November 14, 2022.

A full-text copy of the Small Business Disclosure Statement dated
June 28, 2022, is available at https://bit.ly/3R4T1EQ from
PacerMonitor.com at no charge.

Attorney for Debtor:

     Alla Kachan, Esq.
     Law Offices of Alla Kachan, P.C.
     2799 Coney Island Avenue, Suite 202
     Brooklyn, NY 11235
     Tel: (718) 513-3145
     Email: alla@kachanlaw.com

                       About Sumak Kawsay

Sumak Kawsay, LLC, filed a petition for Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 21-11531) on Aug 30, 2021, listing as
much as $500,000 in both assets and liabilities. Victor H. Salazar,
president, signed the petition.

Judge David S. Jones oversees the case.

The Debtor tapped the Law Offices Of Alla Kachan, P.C., as legal
counsel and Wisdom Professional Services Inc. as accountant.


SUMMIT LLC: Seeks to Hire Marcus & Millichap as Real Estate Broker
------------------------------------------------------------------
Summit, LLC seeks approval from the U.S. Bankruptcy Court for the
Central District of California to hire Marcus & Millichap Real
Estate Investment Services to market for sale its real property
located at 324 S. Catalina St., Los Angeles.

The broker will get a commission equal to 3 percent of the purchase
price of the property.

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

The firm can be reached through:

     Rick E. Raymundo
     Marcus & Millichap Real Estate Investment Services
     515 S. Flower Street, Suite 500
     Los Angeles, CA 90071
     Office: (213) 943-1800
     Direct: (213) 943-1855
     Email: rick.raymundo@marcusmillichap.com

                          About Summit LLC

Summit, LLC, a company in Beverly Hills, Calif., sought Chapter 11
bankruptcy protection (Bankr. C.D. Calif. Case No. 22-13853) on
July 15, 2022, listing $10 million to $50 million in both assets
and liabilities. Judge Ernest M. Robles oversees the case.

Moussa Kashani, the 100% member and sole managing member of Summit,
LLC, commenced his personal Chapter 11 bankruptcy proceeding
(Bankr. C.D. Calif. Case No. 22-13500) on June 24, 2022.

David B. Golubchik, Esq., at Levene, Neale, Bender, Yoo &
Golubchik, LLP serves as legal counsel for Summit, LLC.


SUN PACIFIC: Posts $43K Net Income in Second Quarter
----------------------------------------------------
Sun Pacific Holding Corp filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing net income
of $43,182 on $123,799 of revenues for the three months ended June
30, 2022, compared to net income of $3.57 million on $72,861 of
revenues for the three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported net
income of $2,159 on $222,251 of revenues compared to net income of
$2.98 million on $101,971 of revenues for the six months ended June
30, 2021.

As of June 30, 2022, the Company had $397,959 in total assets,
$3.21 million in total liabilities, and a total stockholders'
deficit of $2.82 million.

As of June 30, 2022, the Company had a working capital deficit of
approximately $2,873,308.  The Company intends to seek additional
financing for its working capital, in the form of equity or debt,
to provide it with the necessary capital to accomplish its plan of
operation.  There can be no assurance that the Company will be
successful in its efforts to raise additional capital.

During the six months ended June 30, 2022, the Company generated
$85,957 of cash in operating activities driven by the Company's
operating loss, offset by noncash charge for accrued compensation,
bad debt, and deprecation.  During the six months ended June 30,
2021, the Company used $516,946 cash in operating activities driven
materially from the Company's operating loss and reclassification
of $272,304 of cash to discontinued operations.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1343465/000149315222023609/form10-q.htm

                         About Sun Pacific

Headquartered in Manalapan NJ, Sun Pacific Holding Corp --
http://www.sunpacificholding.com-- offers "Next Generation" solar
panel and lighting products by working closely with design,
engineering, integration and installation firms in order to deliver
turnkey solar and other energy efficient solutions. It provides
solar bus stops, solar trashcans and "street kiosks" that utilize
advertising offerings that provide State and local municipalities
with costs efficient solutions.  The Company provides general,
electrical, and plumbing contracting services to a range of both
public and commercials customers in support of its goals of
expanding its green energy market reach.

As of Dec. 31, 2021, the Company had $286,705 in total assets,
$3.17 million in total liabilities, and a total stockholders'
deficit of $2.88 million.

Dallas, Texas-based Turner, Stone & Company, L.L.P., the Company's
auditor since 2017, issued a "going concern" qualification in its
report dated April 15, 2022, citing that the Company has suffered
recurring losses from operations since inception and has a
significant working capital deficiency, both of which raise
substantial doubt about its ability to continue as a going concern.


SUNSHINE ADULT: Asks for Dec. 20 Extension of Plan Confirmation
---------------------------------------------------------------
Sunshine Adult Social Center, Corp., filed a motion to extend the
time to confirm a Chapter 11 Small Business Plan of Reorganization
and Disclosure Statement pursuant to 11 U.S.C. Section 1121(e).

The Debtor seeks an extension of the time by which a Plan of
Reorganization should be confirmed for an additional 90 days,
through and including Dec. 20, 2022.

This fourth request is not made for the purposes of delay. The
fourth requested extension of the time period for confirmation, is
necessary due to the fact, that the time to confirm a plan is set
to expire on September 21, 2022, and the Debtor needs an additional
time to finalize terms of cure agreements with Ellen Rose
Associates with respect to pre-petition and post-petition rent
arrears, to file the said agreements for Court approval and
thereafter to amend a plan of reorganization and disclosure
statement.

The requested extension of the time period for confirmation will
allow the Debtor to confirm a Chapter 11 plan without violating the
Bankruptcy Code and to provide a treatment to its Creditors.

It is the Debtor's position that the extension of the time to file
a plan is in the best interest of all Creditors of the Estate.

Counsel for the Debtor:

     Alia Kachan, Esq.
     LAW OFFICES OF ALLA KACHAN, P.C.
     2799 Coney Island Avenue, Suite 202
     Brooklyn, NY 11235
     Tel: (718) 513-3145

                 About Sunshine Adult Social Center

Sunshine Adult Social Center sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
20-44231) on Dec. 9, 2020, disclosing $50,001 to $100,000 in assets
and $100,001 to $500,000 in liabilities.  

Judge Jil Mazer-Marino oversees the case.

The Debtor tapped the Law Offices of Alla Kachan as its legal
counsel and Wisdom Professional Services Inc. as its accountant.


TEEZ SALON: Wins Cash Collateral Access Thru Sept 5
---------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas,
Sherman Division, authorized Teez Salon and Spa, LLC to use cash
collateral on an interim basis in accordance with the budget,
through September 5, 2022.

The Debtor asserted it has an immediate need to use the cash
collateral of Bankers Healthcare Group, LLC, the Debtor's secured
creditor, which claims a lien on substantially all of the Debtor's
property including accounts, equipment, inventory and other
personal property. The cash collateral will be used to continue the
Debtor's ongoing operations.

As adequate protection, the Secured Lender is granted valid,
binding, enforceable, and perfected replacement liens in accordance
with Bankruptcy Code Sections 361, 363, 364(c)(2), 364(e), and 552,
co-extensive with its pre-petition liens co-extensive with the
Secured Lender's pre-petition liens in all currently owned or
hereafter acquired property and assets of the Debtor.

As an additional use of cash collateral, the Debtor is permitted to
pay any Subchapter V Trustee fees incurred and awarded during the
case.

The replacement liens granted to the Secured Lender are
automatically perfected without the need for filing of a UCC-1
financing statement with the Secretary of State's Office or any
other such act of perfection.

As additional adequate protection, the Debtor will maintain
insurance on the Secured Lender's collateral.

A final hearing on the matter is set for September 6 at 9:30 a.m.

A copy of the order and the Debtor's budget is available at
https://bit.ly/3QP3fbX from PacerMonitor.com.

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

     $19,400 for the week ending September 1, 2022;
     $28,450 for the week ending September 15, 2022; and
     $19,400 for the two-week ending September 30, 2022;

                   About Teez Salon and Spa, LLC

Teez Salon and Spa, LLC owns and operates a hair salon. The Debtor
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. E.D. Tex. Case No. 22-41050) on August 21, 2022. In the
petition filed by Justin Lattimore, managing member, the Debtor
disclosed up to $50,000 in assets and up to $500,000 in
liabilities.

Judge Brenda T. Rhoades oversees the case.

Howard Marc Spector, Esq., at Spector & Cox, PLLC is the Debtor's
counsel.



TELKONET INC: Inks Employment Contract With Chief Operating Officer
-------------------------------------------------------------------
Telkonet, Inc. entered into an employment agreement with John M.
Srouji, 43, for the position of chief sales and operating officer
effective immediately and expiring on May 31, 2026.  

The term of the employment agreement will automatically renew for
an additional twelve months unless either party provides notice to
the other of its intent to terminate the agreement or if the
agreement is otherwise terminated in accordance with its terms.
Mr. Srouji will receive a base salary of $300,000 and bonuses and
benefits based on the Company's internal policies and on
participation in the Company's incentive and benefit plans.  Mr.
Srouji will have a guaranteed 2022 bonus of $25,000 with the
potential of an additional $20,000 should the Company achieve
specified targets.

Mr. Srouji's employment agreement provides that, in the event of
the termination of his employment by mutual consent, or if Mr.
Srouji's employment is terminated other than for "cause," as
defined in his employment agreement, then Mr. Srouji will receive
an amount equal to twelve months of his base salary and
compensation for health care premiums for a twelve-month period
following the date of termination.  If Mr. Srouji terminates his
employment agreement for "good reason," as defined in his
employment agreement, the Company will continue to pay Mr. Srouji's
base salary and provide Mr. Srouji with continued participation in
each employee benefit plan for the period beginning on the date of
termination and ending on the expiration of the term of Mr.
Srouji's employment agreement or, if such period is less than
twelve months, for a period of twelve months from the date of
notice of such termination.  If Mr. Srouji is terminated for
"cause," he will be entitled to no further compensation, except for
accrued payables, payroll, leave and vacation and except as may be
required by applicable law.

Mr. Srouji earned a Bachelor of Science degree from Rensselaer
Polytechnic Institute and a Master of Science degree from New York
University.  He worked in the Building and Energy Controls Industry
with Honeywell International Inc. from 2005 to 2022, holding
various management roles in the areas of operations, sales and
marketing.

                          About Telkonet

Telkonet, Inc., formed in 1999 and incorporated under the laws of
the state of Utah, is the creator of the EcoSmart and the Rhapsody
Platforms of intelligent automation solutions designed to optimize
energy efficiency, comfort and analytics in support of the emerging
Internet of Things.  The platforms are deployed primarily in the
hospitality, educational, governmental and other commercial
markets, and is specified by engineers, HVAC professionals,
building owners, and building operators.  The Company currently
operates in a single reportable business segment.

Telkonet reported a net loss of $412,785 in 2021, a net loss of
$3.15 million in 2020, and a net loss attributable to common
stockholders of $1.93 million in 2019.  As of June 30, 2022, the
Company had $9.53 million in total assets, $4.16 million in total
liabilities, and $5.37 million in total stockholders' equity.


TELKONET INC: Posts $9K Net Income in Second Quarter
----------------------------------------------------
Telkonet, Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting net income of $8,747 on
$1.94 million of total net revenues for the three months ended June
30, 2022, compared to a net loss of $155,595 on $1.86 million of
total net revenues for the three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $509,081 on $4.09 million of total net revenues compared to
a net loss of $72,856 on $3.15 million of total net revenues for
the six months ended June 30, 2021.

As of June 30, 2022, the Company had $9.53 million in total assets,
$4.16 million in total liabilities, and $5.38 million in total
stockholders' equity.

Telkonet said, "Since inception through June 30, 2022, we have
incurred cumulative losses of ($129,177,258) and have never
generated enough cash through operations to support our business.
The Company has made significant investments in the engineering,
development and marketing of its intelligent automation platforms,
including but not limited to, hardware and software enhancements,
support services and applications.  The funding for these
development efforts has contributed to, and continues to contribute
to, the ongoing operating losses and use of cash.

"The Company took and continues to take a number of actions to
preserve cash.  These actions ranged from suspending the use of
engineering consultants, cancelling all non-essential travel, not
filling certain vacancies and for certain periods, furloughing
certain employees and pay cuts for certain other employees and
suspension of the Company's 401(k) match.  Receipt of PPP monies
helped the company reinstate some of cuts made."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1094084/000168316822005648/telkonet_i10q-063022.htm

                          About Telkonet

Telkonet, Inc., formed in 1999 and incorporated under the laws of
the state of Utah, is the creator of the EcoSmart and the Rhapsody
Platforms of intelligent automation solutions designed to optimize
energy efficiency, comfort and analytics in support of the emerging
Internet of Things.  The platforms are deployed primarily in the
hospitality, educational, governmental and other commercial
markets, and is specified by engineers, HVAC professionals,
building owners, and building operators.  The Company currently
operates in a single reportable business segment.

Telkonet reported a net loss of $412,785 in 2021, a net loss of
$3.15 million in 2020, and a net loss attributable to common
stockholders of $1.93 million in 2019.


TRIPLET LLC: Unsecureds' Recovery Hiked to 24% in 5 Years
---------------------------------------------------------
Triplet, LLC, submitted a Restated Disclosure Statement with
respect to Restated Plan of Reorganization dated August 21, 2022.

The Debtor has faithfully made adequate protection payments to FC
Marketplace during the pendency of this Chapter 11 Case. On the
Petition Date, FC Marketplace asserted a secured claim of
$293,264.00. As of July 28, 2022, FC Marketplace asserts a balance
in the amount of approximately $189,264.00.

The Debtor is owned by Maria Lubrano (50%) and Salvatore Lubrano
(50%). Maria Lubrano managed the Debtor before and during the
Bankruptcy. Maria Lubrano will continue to manage the Debtor post
confirmation and distribute payments to Creditors under the Plan.
During the term of this Plan, Mr. and Mrs. Lubrano will each
receive gross compensation in the amount of $8,500 per month (for a
cumulative total of $17,000 per month), increased by 3% year
over-year during the term of this plan.

In addition, the Debtor will reimburse Mr. and Mrs. Lubrano the sum
of $2,297.00 per month for use by the Debtor of residential real
property located at 9612 Cortland Lane, Dunkirk, Maryland, which
property is used by the Debtor to house certain employees of the
Restaurant. The use of the Cortland Lane property to house
employees is critical to the Debtor's success. In addition, during
the term of the Plan, the Debtor will reimburse the Lubranos in the
amount of $26,750 per year (adjusted at 3% per year), or
approximately 65% of their income tax liability.

The Plan will be funded from revenues from operations and a new
value contribution, as more fully set forth in the Plan. The Debtor
reserves the right to object to the validity, priority or extent of
Claims, as set forth in the Plan.

Class 2 consists of the Allowed Secured Claim of FC Marketplace,
LLC in the amount of $34,000.00, plus accrued interest at the rate
of 6% until paid. This Class is Impaired. The Class 2 Secured Claim
of FC Marketplace shall be Allowed to the extent of the value of
its collateral ($34,000), as stated in this Class 2, and, as to the
balance of its Claim ($155,264.00), shall be treated as a Class 3
Allowed General Unsecured Claim.

The Class 2 Secured Claim of FC Marketplace shall be paid, with
interest at the rate of 6% per annum thereon, equal quarterly
installments in the amount of $1,972.00 per quarter, shall begin on
the Effective Date and continue on the first day of each quarter
thereafter during the 5 year term of this Plan. FC Marketplace
shall retain its lien until the Class 2 Allowed Secured Claim is
paid in full.

Class 3 consists of General Unsecured Claims filed against and/or
scheduled by the Debtor in the aggregate amount of approximately
$1,824,845.00. This Class 3 is comprised of the following Claims:
(i) the Unsecured Claim asserted by Community Bank of the
Chesapeake in the amount of approximately $1,337,396.00; (ii) the
Unsecured Claim of BB&T Equipment Finance in the amount of
approximately $200,000.00; (iii) the Under-Secured Claim of FC
Marketplace in the amount of approximately $155,264.00; (iv) the
Unsecured Claim of American Express National Bank in the amount of
approximately $28,749.00; (v) the Unsecured Claim of Capital One,
NA in the amount of approximately $18,980.00; (vi) the Unsecured
Claim of Jan Horton in the amount of $54,000.00; (vii) the
Unsecured Claim of Truist in the amount of $13,470.00; (viii) the
Unsecured Claim of VendLease in the amount of $12,766.00; (ix) the
Unsecured Claim of the Comptroller of Maryland in the amount of
$2,420.00; and (x) the Unsecured Claim of Curtis Property
Management in the amount of $1,800.00.

In full and final satisfaction and discharge of each Allowed Class
3 Claim, each Holder of an Allowed Class 3 Claim shall receive, on
a pro-rata basis, the aggregate amount of approximately 24% of
their Allowed Claims, in cash, through quarterly installments,
beginning on the first day of the first full quarter following the
Effective Date, and continuing on the first day of each quarter
thereafter for 5 years. Payments to the Holders of Class 3 Allowed
General Unsecured Claims against the Debtor shall be in full and
final satisfaction of their Allowed Claims. Class 3 is Impaired
under the Plan and is entitled to vote to accept or reject the
Plan.

Payments under the Plan will be funded from revenues of the
Debtor's business operations and, to the extent applicable, from
Avoidance Actions and/or a new value contribution from the
Debtor’s current Equity Holders in the aggregate amount of
$15,000.00. Based upon the projections, the Debtor submits that the
Plan is feasible. The projections constitute conservative estimates
of cash flow over the course of the implementation of the Plan.

The Bankruptcy Court will hold a hearing on final approval of the
Disclosure Statement and Confirmation of the Plan on October 19,
2022, at the hour of 10:00 a.m., in Courtroom 3D of the United
States Bankruptcy Court, 6500 Cherrywood Lane, Greenbelt, Maryland
20770. Due to the continuing impact of the pandemic, the hearing
may be held by video or teleconference.  

A full-text copy of the Restated Disclosure Statement dated August
21, 2022, is available at https://bit.ly/3dUJa5s from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     McNamee Hosea, P.A.
     Steven L. Goldberg
     6411 Ivy Lane, Suite 200
     Greenbelt, Maryland 20770
     Tel: 301-441-2420

                        About Triplet LLC

Triplet, LLC, is a privately held company in the food service
industry. Triplet, LLC, doing business as Mamma Lucia Italian
Restaurant, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Md. Case No. 19-24475) on Oct. 29, 2019.  The
petition was signed by Maria Lubrano, authorized representative.
At the time of the filing, the Debtor disclosed assets under
$50,000 and liabilities under $10 million. Judge Wendelin I. Lipp
is assigned to the case.  The Debtor is represented by Steven L.
Goldberg, Esq. at McNAMEE, HOSEA, JERNIGAN, KIM, GREENAN & LYNCH,
P.A.


TUNICA HOSPITALITY: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Tunica Hospitality & Entertainment LLC
        740 Sherwood Dr
        Jackson MS 39216

Business Description: The Debtor is engaged in activities related
                      to real estate.

Chapter 11 Petition Date: August 25, 2022

Court: United States Bankruptcy Court
       Southern District of Mississippi

Case No.: 22-01693

Judge: Hon. Jamie A. Wilson

Debtor's Counsel: William Roland, Esq.
                  THE COCHRAN FIRM-JACKSON, LLC
                  197 Charmant Place Suite 2
                  Ridgeland, MS 39157
                  Tel: 601-790-7600
                  Email: boroland@yahoo.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Don Hewitt as managing member.

The Debtor did not file a list of its 20 largest unsecured
creditors together with the petition.

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

https://www.pacermonitor.com/view/AUT7TKA/Tunica_Hospitality__Entertainment__mssbke-22-01693__0001.0.pdf?mcid=tGE4TAMA


UNIQUE PRODUCTS: Wants Until February 2023 to File Plan
-------------------------------------------------------
Unique Products Enterprises NY Inc. d/b/a Royal Home Goods, filed a
motion to extend the time period to file a Plan of Reorganization
through and including February 8, 2023, pursuant to section 1121(e)
of the Bankruptcy Code, without prejudice to the Debtor's right to
seek an additional extension of such period.

This is the Debtors' first request for an extension of the time
period to file a plan of reorganization. It is self-evident that
the Debtor is not seeking these extensions to artificially delay
the conclusion of this chapter 11 case or to hold creditors hostage
to an unsatisfactory plan proposal. Simply put, at this juncture,
the Debtor a simply needs time to maximize its' income, to
reorganize its debts and to file a plan of reorganization and
disclosure statement, offering treatment to the main and other
remaining Creditors of the estate.

The requested extension of the time to file a plan and disclosure
statement will allow the Debtor to file a Chapter 11 plan without
violating the Bankruptcy Code and to provide a treatment to its
Creditors.

The requested extensions of the time period to file a plan will not
harm any economic stakeholder, Rather, the time will be used to
finalize settlement terms and to obtain the Court approval of a
settlement agreement. Moreover, should any events occur or there be
a significant change in circumstances, a party in interest may move
to reduce the Time period to file a plan.

The Debtor has responded to the exigent demands of its chapter 11
case and have worked diligently to advance the reorganization
process. Unique Products Enterprises NY Inc. should be afforded a
full, fair, and reasonable opportunity to negotiate, propose, file,
and solicit acceptances of its chapter 11 plan. This first
requested extension of the Time period to file a plan is warranted
and necessary to afford the Debtor a meaningful opportunity to
pursue the chapter 11 reorganization process and build a consensus
among economic stakeholders, all as contemplated by chapter 11 of
the Bankruptcy Code.

The extension of the Time period to file a plan will enable the
Debtor to harmonize the diverse and competing interests that exist
and seek to resolve any conflicts in a reasoned and balanced manner
for the benefit of all parties in interest.

Counsel for the Debtor:

     Alla Kachan, Esq.
     LAW OFFICES OF ALLA KACHAN, P.C.
     2799 Coney Island Avenue, Suite 202
     Brooklyn, NY 11235
     Tel: (718) 513-3145

               About Unique Products Enterprises NY               

  
Unique Products Enterprises NY Inc., doing business as Royal Home
Goods, filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.Y. Case
No. 22-40782) on April 14, 2022, disclosing under $1 million in
both assets and liabilities. Judge Jil Mazer-Marino oversees the
case.

Alla Kachan, Esq., at the Law Offices of Alla Kachan, P.C. and
Wisdom Professional Services Inc. serve as the Debtor's legal
counsel and accountant, respectively.


VIDEO RIVER: Posts $974K Net Income in Second Quarter
-----------------------------------------------------
Video River Networks, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting net income
of $973,925 on $2.07 million of total revenue for the three months
ended June 30, 2022, compared to net income of $416,494 on $3.38
million of total revenue for the three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported net
income of $1.57 million on $9.87 million of total revenue compared
to net income of $866,764 on $4.04 million of total revenue for the
same period in 2021.

As of June 30, 2022, the Company had $9.83 million in total assets,
$6.03 million in total liabilities, and $3.80 million in total
stockholders' equity.

As of June 30, 2022, the Company had a working capital of $488,028,
consisting of $76,076 in cash, $412,752 in Trading Securities, and
$800 in short-term liabilities.

For the six months period ended June 30, 2022, the Company
generated $1,612,865 from operating activities, generated $264,190
from investing activities, and used cash of $2,500,369 on financing
activities, resulting in an decrease in total cash of $623,314 and
a cash balance of $76,076 for the period.

For the six months period ended June 30, 2021, the Company used
$54,693 on operating activities, generated $345,816 from investing
activities, and used cash of $230,480 on financing activities,
resulting in an increase in total cash of $60,642 and a cash
balance of $62,269 for the period.

As of June 30, 2022, the Company had a cash balance of $76,076.

Video River stated, "The Company does believe our current cash
balances will be sufficient to allow us to fund our operating plan
for the next twelve months.  However, our ability to continue as a
going concern is still dependent on us obtaining adequate capital
to fund operation or maintaining consecutive quarterly
profitability.  If we are unable to obtain adequate capital, or
maintaining consecutive quarterly profitability, we could be forced
to cease operations or substantially curtail its drug development
activities.  These conditions could raise substantial doubt as to
our ability to continue as a going concern.

"Our principal sources of liquidity are: (1) Crypto Currency
Mining, (2) Real Estate Sales, (3) Trading Securities, and (4)
Entrepreneurship Development Initiative.  In the past, we have been
generating cash from loans to us by our major shareholder.  In
order to be able to achieve our strategic goals, we need to further
expand our business and implement our business plan.  To continue
to develop our business plan and generate sales, significant
capital has been and will continue to be required.  Management
intends to fund future operations through private or public equity
and/or debt offerings.  We continue to engage in preliminary
discussions with potential investors and broker-dealers, but no
terms have been agreed upon.  There can be no assurances, however,
that additional funding will be available on terms acceptable to
us, or at all.  Any equity financing may be dilutive to existing
shareholders.  We do not currently have any contractual
restrictions on our ability to incur debt and, accordingly we could
incur significant amounts of indebtedness to finance operations.
Any such indebtedness could contain covenants which would restrict
our operations."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1084475/000149315222023630/form10-q.htm

                         About Video River

Headquartered in Torrance, California, Video River Networks, Inc.
is a technology holding firm that operates and manages a portfolio
of Electric Vehicles, Artificial Intelligence, Machine Learning and
Robotics ("EV-AI-ML-R") assets, businesses and operations in North
America.  The Company's current and target portfolio businesses and
assets include operations that design, develop, manufacture and
sell high-performance fully electric vehicles and design,
manufacture, install and sell Power Controls, Battery Technology,
Wireless Technology, and Residential utility meters and remote,
mission-critical devices mostly engineered through Artificial
Intelligence, Machine Learning and Robotic technologies NIHK's
current technology-focused business model is a result of its board
resolution on Sept. 15, 2020 to spin-in/off its specialty real
estate holding business to an operating subsidiary and then pivot
back to being a technology company.

Newhall, California-based DylanFloyd Accounting & Consulting, the
Company's auditor since 2019, issued a "going concern"
qualification in its report dated April 10, 2022, citing that the
Company has an accumulated deficit of $17,159,878 for the year
ended Dec. 31, 2021.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


VOYAGER DIGITAL: Creditors Oppose $1.9-Mil. Employee Retention Plan
-------------------------------------------------------------------
Stuti Mansaya of The Crypto Times reports that according to a new
legal filing, creditors of crypto lender Voyager Digital do not
believe the company needs to pay employees "retention awards".

The cash-strapped firm is currently undergoing bankruptcy
proceedings in the U.S. Bankruptcy Court for the Southern District
of New York.  However, they asked a federal judge to approve a "Key
Employee Retention Plan" (KERP), which meant bonuses to 38
employees of the company.

The total amount of the KERP was $1.9 million.  The company stated
that these employees were vital to its continued operation and
restructuring.

However, a group of Voyager customers called the Official Committee
of Unsecured Creditors objected to this plan and said in the
filing, "The Debtors have not provided any evidence to justify the
retention awards beyond conclusory statements that these employees
are needed."

It further stated, "Importantly, the Debtors provide no evidence
that the 38 Participants are at risk of resigning.  And that is
because no such evidence exists – since the Petition Date, only
12 of the Debtors' approximately 350 employees have voluntarily
resigned."

In its filing for KERP, Voyager said "The KERP allows the Debtors
to retain certain critical non-insider employees and is consistent
with retention programs in similar chapter 11 cases. The KERP
provides for payment of cash retention awards to 38 of the Debtors'
non-insider employees."

Moreover, Voyager's CEO Steven Ehrlich said that this is
"non-public, personal and/or sensitive information" and asked the
court to allow his company to redact the names, titles, salaries,
supervisors' names and proposed bonuses for the 38 employees.

The U.S. Trustee's Office filed in opposition to Ehrlich's request.
The Trustee's filing argued that this is critical information
which is necessary for the creditors and the interested parties in
order to evaluate the Bonus Motion.

It also further said that "based on the United States Trustee's
review of the unredacted information, one or more of the KERP
Participants may well be classified as an insider."

A hearing for the motion will be held by the bankruptcy court on
August 24. 2022.

The employees described as being "non-insider", apparently meaning
non-executive employees.

                 About Voyager Digital Holdings

Based in Toronto, Canada, Voyager Digital Holdings Inc. --
https://www.investvoyager.com/ -- runs a cryptocurrency platform.
Voyager claims to offer a secure way to trade over 100 different
crypto assets using its easy-to-use mobile application. Through its
subsidiary Coinify ApS, Voyager provides crypto payment solutions
for both consumers and merchants around the globe.

Voyager Digital Holdings Inc. and two affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead
Case No. 22-10943) on July 5, 2022. In the petition filed by
Stephen Ehrlich, as chief executive officer, the Debtor estimated
assets and liabilities between $1 billion and $10 billion.

The Debtors tapped Kirkland & Ellis, LLP as general bankruptcy
counsel; Berkeley Research Group, LLC as financial advisor; Moelis
& Company as investment banker; and Consello Group as strategic
financial advisor. Stretto, Inc. is the claims agent.


VYCOR MEDICAL: Incurs $99K Net Loss in Second Quarter
-----------------------------------------------------
Vycor Medical, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $99,010 on $327,923 of revenue for the three months ended June
30, 2022, compared to a net loss of $9,374 on $491,427 of revenue
for the three months ended June 30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $173,562 on $641,756 of revenue compared to a net loss of
$252,293 on $787,176 of revenue for the six months ended June 30,
2021.

As of June 30, 2022, the Company had $910,182 in total assets,
$3.36 million in total current liabilities, $153,900 in total
long-term liabilities, and a total stockholders' deficiency of
$2.60 million.

The Company has incurred losses since its inception and has not
generated sufficient positive cash flows from operations.  As of
June 30, 2022 the Company had a working capital deficiency of
$533,525, excluding related party liabilities of $2,309,258.  The
Company said these conditions, among others, raise substantial
doubt regarding its ability to continue as a going concern.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1424768/000149315222022652/form10-q.htm

                         About Vycor Medical

Vycor Medical, Inc. (OTCQB: VYCO) -- http://www.vycormedical.com--
is dedicated to providing the medical community with innovative and
superior surgical and therapeutic solutions.  The company has a
portfolio of FDA cleared medical solutions that are changing and
improving lives every day.  The company operates two business
units: Vycor Medical and NovaVision, both of which adopt a
minimally or non-invasive approach.

Vycor Medical reported a net loss of $435,662 for the year ended
Dec. 31, 2021, compared to a net loss of $822,482 for the year
ended Dec. 31, 2020. As of March 31, 2022, the Company had $932,979
in total assets, $3.52 million in total liabilities, and a total
stockholders' deficiency of $2.59 million.

Hackensack, New Jersey-based Prager Metis CPAs, LLC, the Company's
auditor since 2018, issued a "going concern" qualification in its
report dated April 13, 2022, citing that the Company has incurred
net losses since inception and has not generated sufficient cash
flows from its operations.  As of Dec. 31, 2021, the Company had
working capital deficiency of $613,419, excluding related party
liabilities of $2,049,167. These factors, among others, raise
substantial doubt regarding the Company's ability to continue as a
going concern.


WALL007 LLC: Returns to Bankruptcy After Almost 2 Years
-------------------------------------------------------
WALL007 LLC has returned to bankruptcy court, this time filing a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code.

WALL007 LLC and its affiliates are Texas limited liability
companies formed for the purpose of acquiring land in order to
construct horizontal improvements thereon as necessary to create a
subdivision – streets, water utilities, sewers, sidewalks, and
residential lots – with the objective of selling residential lots
to home builders over a period of time.

Jin Wang and four other individuals, all from China, had filed an
involuntary Chapter 7 bankruptcy petition against Wall007 LLC, et
al., on April 8, 2020 (Bankr. N.D. Tex. Case No. 20-31131).

The petitioners through their designated agent Michael Fu, who was
doing business as Silverland Finance Ltd. and Platinum Investment
Corporation, had entered into a pooled loan agreement with Wall007,
et al.  In November 2019, they filed a lawsuit in state court to
collect on the Debtors' debt.  They filed a Chapter 7 petition in
April 2020.  But the case was dismissed in December 2020.

"The financial practices of Fu and the Petitioners -- as the
Alleged Debtors now understand them -- were misleading, potentially
fraudulent, and violated Chinese law restricting the transfer of
funds overseas by Chinese nationals located in China, and likely
violated U.S. money servicing and anti-money laundering laws.  In
fact, the Alleged Debtors’ attempt to force compliance with such
laws including taking corrective actions and calling these
financial practices into question is what initiated this ongoing
dispute in the State Court Case," the Debtor said in its motion to
dismiss the involuntary case.

On Aug. 19, 2022, WALL007, LLC, sought Chapter 11 protection
(Bankr. E.D. Tex.), listing Jin Wang, et al., among its largest
unsecured creditors.

According to the court filing, Wall007 LLC 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
Sept. 23, 2022, at 10:30 a.m. via Telephonic Hearing.  Proofs of
claim are due by Dec. 19, 2022.

                      About WALL007 LLC

On August 19, 2022, WALL007 LLC filed for chapter 11 protection
(Bankr. E.D. Tex. Case No. 22-41049). In the petition filed by Tim
Barton, as president of managing member, the Debtor reported assets
and liabilities between $1 million and $10 million.

Eric A Liepins, of Eric A. Liepins, P.C., is the Debtor's counsel.


WASHINGTON PLACE: New Value & Insurance Settlement to Fund Plan
---------------------------------------------------------------
Washington Place Indiana LLC, Washington Place Indiana 945 LLC and
Washington Place Indiana 1073 LLC (collectively the "Debtors")
submitted a Disclosure Statement in connection with the joint
Chapter 11 plan of reorganization dated August 22, 2022.

The Debtors were formed in 2016 to acquire the Shopping Center for
$6.25 million, of which $3,750,000 was financed through UBS AG. The
purchase involved taking title to several parcels of commercial
real property on East Washington Street in Indianapolis, Indiana.

The Shopping Center encountered unforeseen problems virtually from
the outset, with the loss in 2018 (pre-Covid) of one of the anchor
tenants (H.H. Gregg) which vacated the premises following its own
bankruptcy filing. The Covid-19 pandemic only exacerbated the
situation. While the Debtors obtained a small measure of relief
through a $150,000 Small Business Administration loan, the Debtors
could not obtain a voluntary mortgage restructuring and were forced
to seek Chapter 11 relief after the Lender commenced a foreclosure
action in the Marion County Indiana Superior Court on November 11,
2021.

The Plan seeks to implement a discounted payoff reached in
principle with the mortgage lender, RSS BBCMS2017-CI-IN WPL, LLC
(the "Lender") to satisfy the senior mortgage lien encumbering the
Debtors' commercial shopping center known as Washington Plaza in
Indianapolis, Indiana, situated on several parcels of real property
on East Washington Blvd. (collectively, the "Shopping Center"). In
conjunction with the discounted pay-off, the Debtors also seek to
obtain Bankruptcy Court approval of an insurance settlement
resolving all water damage claims at the Shopping Center for
$875,000.

This settlement, together with a New Value Contribution in the sum
of $3,500,000 to be made by the Debtors' principals and new
investors, will enable the Debtors to move forward toward
confirmation and provide the necessary liquidity to satisfy the
secured claim of the Lender as discounted, plus pay allowed
administrative expense claimants and certain contractors,
adjusters, and attorneys, all of whom arguably have potential
statutory or lien rights under applicable law and are separately
classified for purposes of the Plan.

The Plan and Disclosure Statement constitute a proper and
expeditious response to pending motions to dismiss the Chapter 11
case, or vacate they automatic stay, filed by the Lender and
Asphalt Solutions, Inc., which asserts a mechanic's lien. As
opposed to dismissal, confirmation of the Plan provides for an
orderly disposition of all claims and eliminates the uncertainty of
protracted litigation and multiple foreclosure proceedings.

To give the Plan immediate feasibility, Debtors' counsel has
requested an initial deposit of $1.5 million toward the New Value
Contribution, which should be received prior to the August 24, 2022
hearing. In addition to a cash deposit, existing equity holders
have recruited new investors to fund the balance of the New Value
Contribution ($2.0 million) for a total of $3.5 million. The
Debtors will not proceed with confirmation unless all funds are in
place well in advance of any scheduled Confirmation Hearing.

The Debtors' pre-petition creditors have asserted various types of
purported liens against the Debtors' Shopping Center and Insurance
Proceeds. Prior to bankruptcy, the Debtors opened negotiations
relating to the proposed disposition of various claims. The Plan
carries forward these proposed distributions (subject to final
confirmation) including proposed compromises of the payments to the
insurance adjuster and insurance counsel, and a return on a
disputed judgment lien obtained by Emergency Response Services,
Inc. The Debtors remain hopeful that all creditors will consent to
their proposed treatments.

The Plan is effectively a contract between the Debtors and their
creditors regarding the disposition and treatment of allowed claims
in bankruptcy. The Plan provides for different classes of claims A
Claim is placed in a particular Class for the purposes of voting on
the Plan and receiving distributions pursuant to the Plan only to
the extent that such Claim is an Allowed Claim.

Class 7 consists of the membership interests of the Debtors' equity
holders. The existing pre-petition Equity Interests in the Debtors
shall be carried forward and shall be reconstituted as members in
the Reorganized Debtors to the existing Equity Holders based upon
corresponding percentages. Class 7 Equity Interests are not
eligible to vote because of their insider status.

The major aspect of the Plan funding is the New Value Contribution
to be contributed by the Debtors' members and new investors in the
sum of $3,500,000. Debtors' counsel has requested that $1.5 million
of the New Value Contribution be funded prior to a scheduled
hearing on August 24, 2022, and anticipate that this will be done.
The balance of $2.0 million shall be fully funded and deposited
into the Confirmation Fund with the Disbursing Agent at least 3
business days prior to the start of the Confirmation Hearing, and
confirmed by the Disbursing Agent by filing a supplement to this
Plan.

The balance of the plan funding will come from the Insurance
Proceeds. Simultaneously with the Plan confirmation process, the
Debtors shall seek Bankruptcy Court approval of the $875,000
proposed settlement with Nationwide Mutual Insurance Company. If
approved, the settlement resolves the action pending in the United
States District Court for the Southern District of Indiana (Case
No. 20 cv 2222), which shall be discontinued.

Of note, the Debtors have additional funds totaling approximately
$490,000 in the DIP bank account and a lock box account for the
payment of rents maintained by the Lender, which funds are
available to cover any adjustments which have to be made in the
amounts to be paid under the Plan.

The Debtors believe that they will be able to satisfy all
applicable statutory requirements under Section 1129(a) in order to
obtain confirmation of the Plan. To begin with, the first three
tests are all easily met. Second, the Best Interests Test is met,
as the Debtors are paying all classes of creditors in agreed
amounts. Moreover, in liquidation, the New Value Contribution will
not be made and the secured claim of the Lender, which exceeds the
fair value of the Shopping Center, will not be reduced.

Finally, the Debtors will be able to demonstrate that the Plan is
feasible since the Plan provides for the New Value Contribution to
be deposited into the Confirmation Fund with the Disbursing Agent
at least 3 business days prior to the start of the Confirmation
Hearing. Additionally, the Plan provides that the insurance
settlement will be approved as part of the confirmation process, so
that the Insurance Proceeds will be available prior to the
Confirmation Hearing as well.

The Debtors submit that the Plan fairly and equitably provides for
the most expeditious distribution to the holders of allowed
unsecured claims, and trust that the creditors will support
confirmation.

A full-text copy of the Disclosure Statement dated August 22, 2022,
is available at https://bit.ly/3Kj5Zvw from PacerMonitor.com at no
charge.

Debtors' Counsel:

     Kevin J. Nash, Esq.
     Goldberg Weprin Finkel Goldstein LLP
     1501 Broadway 22nd Floor
     New York, NY 10036
     Tel: (212) 221-6700
     Email: knash@gwfglaw.com

                About Washington Place Indiana

Washington Place Indiana, LLC and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Lead Case
No. 21-43087) on Dec. 15, 2021. In its petition, Washington Place
Indiana listed as much as $10 million in both assets and
liabilities. David Goldwasser, restructuring officer, signed the
petition.

Judge Jil Mazer-Marino oversees the cases.

Kevin J. Nash, Esq., at Goldberg Weprin Finkel Goldstein, LLP and
David Goldwasser, a partner at FIA Capital Partners, LLC serve as
the Debtors' legal counsel and chief restructuring officer,
respectively.


WL HOUSTONS: Delays Plan Confirmation Hearing
---------------------------------------------
W L Houstons Business Investments LLC filed an emergency motion to
continue the hearing on its Disclosure Statement and Plan.

The hearing on the Disclosure Statement and confirmation was set
for August 18, 2022.

The U.S. Trustee and one of the secured creditors objected to
confirmation of the plan.  Except for the U.S. Trustee, other
objecting parties have withdrawn their objection. The Debtor's
counsel has reached out to the U.S. Trustee to resolve the issues
surrounding the objection. At the time of preparing this motion,
the U.S. Trustee's office had not gotten back to counsel to resolve
the Trustee's concerns with the plan.

Further none of the parties that received ballots have returned
those ballots accepting or rejecting the plan. The Debtor has been
unable to tally the ballots to make a presentation to the court.

Attorney for the Debtor:

     Samuel L. Milledge, Esq.
     2500 East T.C. Jester Blvd., Ste. 510
     Houston, Texas 77008
     Tel: (713) 812-1409
     Fax: (713) 812-1418
     E-mail: milledge@milledgelaw.com

              About W L Houstons Business Investments

W L Houstons Business Investments LLC is a Single Asset Real Estate
(as defined in 11 U.S.C. Sec. 101(51B)).

W L Houstons Business Investments LLC sought protection under
Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.
Tex. Case No. 22-31575) on June 6, 2022.  In the petition filed by
Warren Houston, as managing member, the Debtor reported assets and
liabilities of up to $50,000 each. Samuel L Milledge, of The
Milledge Law Firm, PLLC, is the Debtor's counsel.


XEROX CORP: Egan-Jones Retains BB- Senior Unsecured Ratings
-----------------------------------------------------------
Egan-Jones Ratings Company, on August 16, 2022, retained its 'BB-'
foreign currency and local currency senior unsecured ratings on
debt issued by Xerox Corporation.

Headquartered in Norwalk, Connecticut, Xerox Corporation develops
document management technology solutions.



ZEROHOLDING LLC: Georgia Carpet Cleaner Enters Chapter 11
---------------------------------------------------------
Zeroholding LLC filed for chapter 11 protection in the Northern
District of Georgia.  The Debtor filed as a small business debtor
seeking relief under Subchapter V of Chapter 11 of the Bankruptcy
Code.

Zeroholding is a carpet and surface cleaning company in Alpharetta,
Georgia.  The business has 19 employees.

Zeroholding is owned by 8 shareholders, led by Schorr Line
Enterprises, Inc., Jamila Dadabhoy, and Michael Metcalf, each
holding a 19% stake.  MEC Capital, Inc., a 17% owner, is the
manager of Zeroholding.  Philip Miles is the owner of MEC Capital
and designated manager of Zeroholding.

Like so many other small businesses, Zeroholding suffered a series
of setbacks at the hands of the pandemic, including severe supply
chain shortages, and seeking out financing from merchant cash
advance companies.

The Debtor on the Petition Date filed motions to pay employee
wages, use cash collateral and maintain its bank accounts.

According to court filing, Zeroholding LLC estimates between 1 and
49 unsecured creditors.

The petition states funds will be available to unsecured
creditors.

                      About Zeroholding LLC

Zeroholding LLC -- https://www.zeroreznashville.com/ -- is a carpet
cleaning company in Alpharetta, Georgia.

Zeroholding filed a petition for relief under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
22-56502) on August 14, 2022.  In the petition filed by Phillip
Miles, as manager, the Debtor reported assets between $500,000 and
$1 million and estimated liabilities between $1 million and $10
million.

John T. Whaley  has been appointed as Subchapter V trustee.

Will B. Geer, of Rountree, Leitman, Klein & Geer, LLC, is the
Debtor's counsel.


[^] BOOK REVIEW: The Story of The Bank of America
-------------------------------------------------
Author:  Marquis James and Bessie R. James
Publisher:  Beard Books
Softcover:  592 pages
List Price:  $31.80

Order your personal copy today at
http://www.amazon.com/exec/obidos/ASIN/1587981459/internetbankrupt


The Bank of America began as the Bank of Italy in 1904.  A. P.
Giannini was motivated to found the Bank out of his indignation
over the neglect by other banks of the Italian community in San
Francisco's North Beach area. Local residents were quickly drawn to
Giannini's new type of bank suited for their social circumstances,
financial needs, and plans and aspirations. Before Giannini's Bank
of Italy, the field was dominated by large, well-connected, and
politically influential banks typified by the magnate J. P.
Morgan's House of Morgan catering to corporations and the wealthy
industrialists and their families of the Gilded Age.

Giannini's Bank proved to be a timely enterprise with great
potential far beyond its founder's original aims. The early 1900s
following the Gilded Age was a time of spreading democratization in
American society with large numbers of immigrants being
assimilated. It was also a time of considerable industrial growth
after the heyday of the tycoons such as Morgan, Rockefeller, and
Carnegie in the latter 1800s. Giannini's idea was also helped by
the growth of California in its early stages of becoming one of the
most prosperous and most populous states. As California grew, so
did the Bank of America.

A. P. Giannini was the perfect type of individual to oversee the
growth of a bank that stood in sharp contrast to the House of
Morgan and which reflected broad changes in American society and
business. Giannini followed the quick success of his North Beach
bank with Bank of Italy branches elsewhere in San Francisco. With
the success of these followed branches throughout California's
agricultural valleys and Los Angeles as Giannini reached out to
populations of other average persons generally ignored by the
traditional banks. Throughout the rapid growth of his bank,
Giannini never lost touch with his original motive for creating a
bank suited for the average individual. When he died at 80 years of
age in 1949, he lived in the same house as he did when he opened
the original Bank of Italy; and his estate was less than half a
million dollars.

Throughout all the stages of the Bank of America's growth, business
recessions and depressions, and changes in American society,
including increased government regulation, the Bank continued to
reflect its founder's purposes for it. In the 1920s, the Bank of
Italy became a part of the corporation Transamerica.  In 1930, the
Bank was merged with the Bank of America of California. The newly
formed bank was given the name the Bank of America National Trust
and Savings Association, with Giannini appointed as chairman of the
committee to work out the details of the merger. In 1930, he
selected Elisha Walker to head Transamerica so he could be free to
pursue his interest of establishing a national bank with the same
goals and nature as his original Bank of Italy. But becoming
alarmed over Walker's proposed measures for dealing with the
pressures of the Depression, Giannini waged a battle involving
board members, stockholders, and allies he had worked with in the
past to regain control of Transamerica. In 1936, A. P. Giannini's
son, Lawrence Mario, succeeded his father as president of Bank of
America, with A. P. remaining as chairman of the board.

The story of Bank of America is largely the story of A. P.
Giannini: his ideas, his values, his ambitions, his goals, his
personality. The co-authors follow the stages of the Bank's growth
by focusing on the genteel, yet driven and innovative, A. P.
Giannini. There's a balance of basic business material such as
stock prices, rationale of momentous business decisions, and
balance-sheet data, with portrayals of outsized characters of the
time. Among these, besides Giannini, are the federal government
official Henry Morgenthau and Charles Stern, California's
superintendent of banks in the early 1900s. With this balance, The
Story of the Bank of America is an engaging and informative work
for readers of more technical business books and human-interest
business stories alike.



                            *********

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S U B S C R I P T I O N   I N F O R M A T I O N

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Peter A. Chapman, Editors.

Copyright 2022.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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